Xi presses global AI rules as China forms 29-nation group
What's new: The Shanghai-based body aims to coordinate AI governance as China pushes back on security-based tech curbs.
Bloomberg, The New York Times +3
Subject
#Shanghai
Typhoon Bavi hits eastern China after 1.7 million evacuations
What's new: China suspended schools and transport, canceled hundreds of flights and set aside 40 million yuan for relief.
BBC News (World), Bloomberg +3
Surge partners with FiberHome to build 3,000 FWA sites in Indonesia
The deal also covers 1.6 million CPE devices, inter-island backbone, 300,000 FTTH homepass and 5G FWA solutions.
Antara News, Tribunnews
East Java education office partners with HGI Shanghai on vocational skills
East Java officials signed a LoI in Shanghai and explored joint curricula and international vocational certification.
Republika, Tribunnews
PBOC narrows rate corridor, points China toward overnight benchmark
Why it matters: Tighter control of overnight funding costs could sharpen how China transmits monetary policy through banks and markets.
Bloomberg, The Business Times (Singapore)
Xiaohongshu eyes late-June confidential filing for Hong Kong IPO
What's new: The RedNote owner was valued at about $31 billion last year and projected roughly $3 billion in 2025 profit.