China

GAC Group announced it will finalize dealer rebates within two months to bolster the automotive supply chain’s financial stability. This move, aligning with regulatory trends and calls for a healthier ecosystem from the China Automobile Dealers Association, follows similar commitments from other automakers. The initiative aims to foster high-quality development within the sector, with industry observers watching for similar actions from other major players like FAW Group and Dongfeng Motor.

Errol Musk, father of Elon, advocates for a nuanced view of China, seeing them as a brilliant and formidable competitor, not an adversary. He admires their drive and talent, inspiring him to excel. This aligns with his son’s perspective, who highlights China’s impressive infrastructure and workforce. Both Musks and Nvidia’s CEO acknowledge China’s skilled and dedicated people as a key driver of their progress.

FF founder Jia Yueting criticized the Chinese EV industry for issues like imitation, undisciplined launches, and exaggerated marketing, urging a focus on innovation and value. He also criticized automotive commentary quality. His comments reflect broader concerns about unsustainable price wars and a need for improved product differentiation and informed public discourse, crucial for global competitiveness, especially in the EV sector.

Alibaba is undergoing a significant strategic shift towards AI, spurred by internal reflections on past missteps and the rise of competitors. Executives, including Joe Tsai, admitted to overexpansion and are now laser-focused on AI and cloud infrastructure to regain dominance. This triggered rapid development of the Qwen series, now a top-ranked open-source model, and a massive investment of over 380 billion yuan in AI infrastructure. The company aims to democratize AI through open-sourcing Qwen.

A new, unregistered Changan sedan crashed on the Shenhai Expressway in China, rear-ending a Toyota. Footage showed the Changan failing to brake in time. Surprisingly, the drivers were siblings; the sister had just bought the Changan and was following her brother. The sister was fined for failing to maintain a safe distance. The incident went viral, sparking humorous online comments about sibling relationships.

A customer using a Chinese navigation app reported a problematic hotel booking experience. Despite a confirmed reservation and payment for an Atour Hotel in Hangzhou, the room wasn’t available upon arrival. The customer faced extra costs and poor customer service, receiving an inadequate refund and compensation. The app displayed misleading booking information and provided vague responses when questioned. The incident raises concerns about platform accountability in China’s online travel market.

China launched a pilot program (2025-2027) for smart elderly care robots, jointly announced by the Ministry of Industry and Information Technology and the Ministry of Civil Affairs. The program targets home, community, and institutional care, focusing on assistive robots, companionship, and health promotion. It emphasizes standardized frameworks, rigorous testing, and collaborative R&D to improve safety and usability, with outcomes showcased to promote robotic elder care solutions for the aging population.

The Chinese tech company’s automotive arm launched a driving training program for SU7 owners to enhance driver skills and safety. The program, starting in Beijing, features modules on acceleration, braking, slalom courses, gymkhana, and skid control. The company will expand the free training to over ten cities, offering it to 10,000 owners, improving brand loyalty and road safety.

China’s national football team faces a critical World Cup qualifier against Indonesia. Trailing 1-0 at halftime due to a penalty and no shots on target, China must win to stay in the competition. A loss would eliminate them. They also need to defeat Bahrain to reach the playoffs. The match is available for free live broadcast.

Citi is restructuring its technology teams in Shanghai and Dalian, China, leading to approximately 3,500 job cuts. The bank reportedly communicated separation details on June 5th, with compensation exceeding statutory requirements. While the packages may not match those of other multinationals like Microsoft, they are still notably more generous than typical Chinese business severance.