**ASML Reassures U.S.: China Has No Chance of Obtaining Our Most Advanced EUV Lithography Machines**

To fully address U.S. concerns over high-tech exports to China, ASML and Dutch officials have recently issued repeated reassurances that China has no possibility of obtaining their most advanced EUV lithography equipment. U.S. Commerce Secretary Raimondo previously questioned publicly whether ASML had violated American export controls by secretly shipping EUV lithography machines to the Chinese market. ASML promptly denied the allegations.

An official ASML spokesperson stated that ASML has never exported any EUV lithography machine to China, nor has it exported any EUV-specific components, modules, or auxiliary equipment designed for EUV systems to the Chinese market. All related transaction records fully comply with control requirements. The Dutch government stated that it is strictly enforcing all relevant control policies and will intervene directly where necessary to ensure control requirements are met.

Regarding the U.S. pressure on the Netherlands to participate in technology restrictions against China, China's Foreign Ministry spokesperson has already provided a clear response, firmly opposing the U.S. practice of expanding national security concepts and coercing other nations to participate in technology blockades against China. China will continue to closely monitor all developments in related fields and resolutely protect its legitimate and proper rights and interests.

**Liu Qiangdong: Robots Will Deliver in the Future—700,000 Logistics Workers Must Transition**

Speaking at the 2026 APEC Business Leaders China Forum on June 21, JD.com founder and chairman Liu Qiangdong announced that, effective immediately, all AI technologies controlled by JD will be opened and shared with all partners in countries around the world, beginning with the entire Asia-Pacific region.

In his remarks, Liu explicitly noted that JD has always opposed the creation of excessive technology barriers by any enterprise or nation, as technology barriers are essentially a form of technological exploitation. Such barriers ultimately only plunder the development wealth of other nations, with all benefits serving only a few countries or leading enterprises. This is absolutely not the goal JD aims to achieve in technology research and development.

Liu also revealed that JD recently proposed its "Nirvana Plan," hoping to send JD's 700,000 delivery workers and other blue-collar employees to schools for technical training to counter the impact of AI and technological advancement. "In the future, it will all be robot delivery. We simply won't need delivery workers anymore—it will definitely be robots making deliveries. But I don't want our 700,000 brothers to have no food to eat, no jobs," Liu stated. JD has accordingly signed agreements with 120 schools across the country to send these workers for training so they can later maintain and service robots.

**TSMC Employee Shares Daily Schedule: From 7:30 A.M. to 12:30 A.M.**

On June 21, a network user on the Dcard platform shared their daily work schedule as a TSMC employee, sparking widespread discussion.

The user's timeline shows: alarm at 7:30 a.m., departure by 8:00 with a quick breakfast stop, arrival at the office by 8:30 followed by immediate preparation for the morning meeting. From 9:00 onward, meetings run while checking emails until a brief break around 11:30. Work continues through the afternoon with various meetings ending at 5:30 p.m., followed by continued discussion with colleagues until 7:30 p.m. Testing and analysis work then continues until 9:30 p.m. or later before leaving the office. After getting home, washing up, and relaxing briefly, it's already 12:30 a.m.—time for bed before repeating the cycle the next day.

Despite long hours and high pressure, TSMC's generous compensation still makes it the first choice for many young engineers. However, high pay and high pressure are typically two sides of the same coin. The shared schedule does not represent all employees; actual conditions vary by department.

TSMC is currently the most profitable company in wafer foundry services, so annual bonuses and dividends are particularly generous. In 2025, it distributed 206.145 billion Taiwan dollars to employees, equivalent to 44.8 billion yuan. With approximately 78,000 employees at TSMC, the average bonus and dividend per person comes to roughly 2.6428 million Taiwan dollars, or about 574,000 yuan.

**Honor Initiates Large-Scale IP Enforcement Against Over 400 Online Sellers**

On June 21, Honor launched a major intellectual property enforcement drive, concentrating lawsuits against online merchants primarily selling phone cases and tempered glass protective films. The number of business entities facing litigation may exceed 400, with all cases citing trademark infringement as the cause of action.

Honor's litigation claims show that "Honor" and "Honor" are registered text trademarks held by the company and protected under trademark law. Numerous merchants on platforms prominently display these brand names in product titles and description pages, potentially misleading ordinary consumers into believing the products are official Honor brand or authorized accessories. This constitutes infringement through brand-riding and exceeds the scope of reasonable trademark use.

Merchants argue in response that marking brand names on product pages merely serves to objectively describe product compatibility with specific phone models and represents standard industry practice; that product items themselves bear no Honor logo; and that there is no intent to profit through brand traffic. Consumer opinion on the matter is sharply divided. Some argue the industry has always used such compatibility labeling and there's no way to purchase compatible phone cases without identifying the brand. Others support Honor, contending that merchants' unauthorized use of brand terms constitutes trademark infringement and that low-quality accessories mislead consumers, making Honor's enforcement reasonable and lawful. Public information shows that Honor has won most of its previous trademark infringement litigation.

**Navigation App Developers Face Backlash Over Shake-to-Click Ads**

On June 21, an influencer with 2.74 million followers posted a video complaining about navigation app splash screen "shake-to-click" advertisements, saying that these can inadvertently redirect users to third-party platforms and jeopardize driving safety. The influencer recounted that while driving, he used voice commands to open the map application, which displayed a splash ad that, when the car jolted slightly, directly redirected to an e-commerce platform, causing him considerable confusion.

The incident sparked widespread online debate. Some commented that "navigation apps sometimes relate to safety—especially when you're in a hurry, these ads are really infuriating," while others noted that "free apps also need to generate revenue." On June 17, testing confirmed that two well-known navigation software applications both had 5-second splash ads with shake-to-click functionality. When tested again on June 20, one had no splash ad upon entering the application, while the other still showed ads.

A navigation software employee stated that users can disable personalized recommendations, personalized ad recommendations, and programmatic ads in the app settings, and after closing these options, restarting the app will prevent the splash ads without affecting normal navigation or information display. Another customer service representative noted that the app defaults to showing splash-screen shake-to-click ads that users can manually disable, adding that the company has previously received complaints and staff are currently working to reduce the impact of splash ads on users.

**Nubia Redirects All Resources to Second-Generation Douyin AI Phone**

On June 21, reports indicated that Nubia's leadership has made a major strategic shift, concentrating all core resources on the second-generation Douyin AI phone while temporarily suspending other traditional phone business lines. This is a do-or-die move by Nubia under pressure from leading competitors.

In December 2025, ByteDance and Nubia jointly launched the Douyin phone, model M153, priced at 3,499 yuan, which sold out rapidly after launch, with second-hand market premiums once climbing to 36,000 yuan. ByteDance has now formally initiated the second-generation Douyin phone assistant official version project, with Nubia still handling the complete hardware execution and ZTE Group providing underlying communications technology and production capacity support.

Reportedly, Douyin has already concluded permission-sharing agreements with several major internet companies, and the new device will gain necessary system interfaces in high-frequency scenarios including social networking, office work, and transportation. Honor and vivo are also in talks with Douyin about collaboration, but are adopting a lighter authorization model and will not launch independent "Douyin phones." Nubia is currently the only hardware manufacturer willing to implement deep operating system-level integration.

**Alibaba 2025 Annual Report: Cai Chongxin Holds Highest Management Stake at 1.5%; Xu Hong and Zhou Jinggren Join Partnership; Shao Xiaofeng Exits**

On June 21, Alibaba released its 2025 annual report. For the year ended March 31, 2026, Alibaba reported revenue of 1,023.6 billion yuan (approximately $148.4 billion), operating profit of 50.15 billion yuan (approximately $7.27 billion), and net profit of 102.1 billion yuan (approximately $14.8 billion).

Alibaba's 2025 annual report shows that the company has 18 partnership members, including Ma Yun, Cai Chongxin, Fan Luyuan, Jiang Fan, Jiang Fang, Jiang Jiangwei, Liu Zhenfei, Tong Wenhong, Wan Lin, Wang Lei, Wen Jia, Wu Yongming, Wu Zeming, Xu Hong, Yu Siying, Zhang Jianheng, Zheng Junfang, and Zhou Jinggren. Comparing to the 2024 annual report, Alibaba CFO Xu Hong and Chief Scientist Zhou Jinggren have become new Alibaba partners, while longtime Alibaba founder Shao Xiaofeng has exited the partnership.

Notably, since SoftBank exited as a major shareholder, Alibaba's shareholding has become relatively dispersed. Cai Chongxin holds a 1.5% stake, the highest among management shareholders. Jiang Fang holds 0.2%; Wu Yongming, J. Michael Evans, and Wu Wei each hold 0.1%.

**Leapmotor to Host Technology Day in Third Quarter Showcasing Innovation Breakthroughs**

On June 21, following the launch event for the 2027 Leapmotor C-series, Leapmotor revealed in media interviews that it will hold a "technology day" in the third quarter of this year, announcing multiple innovation achievements. The company also noted that additional innovative and differentiated products are in development.

Additionally, in March of this year, Leapmotor founder Zhu Jiangming stated that Leapmotor follows a slow-start strategy to build late-mover advantages. "Around 2021, we had only dozens of autonomous driving staff with limited funding, and even computing power was rented rather than purchased. Now we've caught up with the pace and are approaching tier-one level." "In 2026, we'll have a full explosion. We have so much—we need to keep it confidential for now. Just wait; in the second half of the year, you'll see. On the vehicle and technology fronts, we'll have at least several items that will be very surprising."

**Dingtalk Organizational Restructuring Under New CEO Chen Yusen**

On June 18, newly appointed Dingtalk CEO Chen Yusen issued his first company-wide letter as CEO, following which Dingtalk's organizational structure underwent a new round of adjustments. According to the company-wide letter, Dingtalk has established a core platform business division responsible for Dingtalk and related core businesses, led by Zhu Hong; integrated the Wukong and MuleRun teams to form a new Wukong team, led by Shu Junliang; fully consolidated direct sales, telemarketing, service provider, pre-sales, delivery, and customer success teams to establish a customer development department, led by Yang Meng; established a marketing department, led by Li Xinyu; and established a company information technology department responsible for optimizing and iterating company business systems to make everything easily usable by Agents, led by Deng Wu.

**Pico's Next-Generation Headset "Project Swan" Accidentally Leaked from Public SDK**

On June 21, foreign media reported that ByteDance-owned Pico's next-generation headset "Project Swan" demo video has accidentally been revealed from the public SDK. Based on the demo video, the headset's rear head strap is almost identical to Vision Pro's single-loop woven head strap, while the front light-blocking pad and forehead cushion section clearly resemble Samsung's Galaxy XR.

The video also showcased an external module that comes with the headset, with design styling similar to Apple's Vision Pro battery unit, though its purpose is currently unknown. The headset is equipped with tracking-enabled controllers similar to Pico 4 Ultra's controllers and supports Quest boundary-area drawing. Additionally, officials provided detailed introductions in the video of numerous visionOS-like features in Pico OS 6, as well as a Pico Spatial Engine similar to RealityKit.

Previous reports indicated that the Pico "Project Swan" headset will feature micro-OLED panels with a pixel density of 4,000 PPI and employ a dual-chip architecture.

**Former Mihoyo International President Jin Wenyi Joins Moon's Dark Side to Lead Kimi Business**

On June 21, media reported that Jin Wenyi, former president of Mihoyo's international operations, has joined Moon's Dark Side to lead Kimi-related business. Insiders also report that Jin Wenyi left Mihoyo at the end of May and joined Moon's Dark Side in early June. She will lead Kimi's international expansion and global development and will be based overseas.

In late April of this year, Jin Wenyi released an internal farewell letter from Mihoyo announcing her resignation due to personal career planning. In response, Mihoyo stated that Jin Wenyi resigned due to personal career planning considerations and the company thanks her for her contributions to product globalization. One month later, Jin Wenyi completed her work transition, with her international business responsibilities taken over by Seven, who previously served as vice president of Bilibili.

**Transsion Holdings Applies for Hong Kong Main Board Listing as "Africa's Mobile Phone King"**

On June 21, media reported that Transsion Holdings has submitted an H-share application to the Hong Kong Stock Exchange's main board, with China Securities as the exclusive sponsor. This marks Transsion's second attempt to enter the Hong Kong market following its first submission in December 2025. If successful, the "Africa's mobile phone king," which has been listed on the Sci-Tech Board for nearly seven years, will formally establish an "A+H" dual financing platform architecture.

However, as Transsion makes this second push for Hong Kong listing, its financial results present a mixed picture. 2025 full-year revenue was 65.591 billion yuan, down 4.55% year-over-year; net profit shrank dramatically from 55.97 billion yuan the previous year to 26 billion yuan—nearly halved. Sales volumes also came under pressure, with data showing Transsion's 2025 total phone shipments at 169 million units, comprising 96.81 million smartphones and 72.23 million feature phones, with overall sales down 32.4 million units from the previous year.

**Ctrip Extends Male Employee Paternity Leave to 20 Days**

On June 21, Ctrip co-founder and chairman Liang Jianzhang announced a new benefits policy through his personal video account, formally extending paternity leave for male employees. The new policy clarifies that Ctrip full-time male employees whose children are born after 12:00 a.m. on May 1 of this year are eligible to receive 20 days of paternity leave. The new paternity leave policy is accompanied by flexible usage rules. Ctrip male employees can independently and flexibly apply to use paternity leave anytime from five days before their spouse's expected due date through six months after delivery.

**Volkswagen Announces Major Workforce Reduction: 50,000 Jobs to Be Cut by 2030**

On June 21, German automaker Volkswagen Group announced that, affected by geopolitical tensions, intensified industry competition, and other factors, it is accelerating business restructuring efforts. The company will reduce 19,000 positions in Germany by the end of this year and cut approximately 50,000 jobs by 2030.

Volkswagen Group CEO Blümer stated on June 18 at the company's annual shareholders meeting that the company's business restructuring reform plan has been in place for over a year and a half, with core measures including reducing management and operational costs, optimizing production facility layouts, streamlining organizational structures, and accelerating technology research and development progress, all aimed at enhancing long-term competitiveness.

Previous reports indicated that Volkswagen Group expects approximately 20,000 employees to voluntarily leave as part of its German business restructuring.

**Apple Foldable iPhone Supply Begins as September 2026 Launch Target Confirmed**

On June 21, media learned from an Apple supply chain company that it has recently begun small-batch supply of the first foldable iPhone. According to the target guidance the company has received, this product will launch in September.

Recent reports claimed that Apple's first foldable iPhone had been delayed from the originally planned fall 2026 to early 2027 launch. In response, an Apple supply chain company representative stated that, to date, the target guidance they received indicates the first foldable iPhone will launch in fall 2026. As of press time, Apple has not made public comment regarding the specific launch timing of its first foldable iPhone.

**Musk Exercises Full Tesla Stock Options: 304 Million Shares Valued at $116 Billion**

On June 21, U.S. Securities and Exchange Commission (SEC) filings disclosed that Musk has exercised all rights under Tesla's 2018 CEO compensation plan, acquiring 304 million shares with a paper gain of approximately $116 billion (equivalent to approximately 780 billion yuan).

The aforementioned shares will be locked up until 2028, at which point Musk may sell them.

**Relativity Space, Led by Former Google CEO Schmidt, Selected by NASA for 2028 Mars Mission**

On June 21, reports indicated that Relativity Space, a rocket company led by former Google CEO Eric Schmidt, has been selected by NASA as the execution partner for the 2028 Aeolus payload Mars launch mission.

According to the cooperation plan reached by both parties, Relativity Space will be responsible for providing the spacecraft, launch vehicle, and cruise phase operations for the journey to Mars. Aeolus will carry four instruments to study the Martian atmosphere and, upon arrival at Mars, will for the first time provide comprehensive daily global observational data of Martian wind conditions, temperature, dust, and cloud cover. This observational data will directly help improve entry, descent, and landing systems and establish safer, more predictable procedures for future crewed missions.

Schmidt served as Google's CEO from 2001 to 2011 and assumed the role of Relativity Space CEO in 2025. Previously, the company had launched what it claimed was the "world's first 3D-printed rocket," the Terran 1, but it failed shortly after liftoff. Currently, Relativity Space is developing the larger Terran R, with the first launch scheduled for later this year.

**Meta CEO Pledges No More 2026 Layoffs Amid Employee Skepticism Following 8,000-Person AI Restructuring**

On June 21, reports indicated that Meta CEO Mark Zuckerberg sent an internal memo to employees on June 11 (local time), promising no further layoffs through the remainder of the year, though acknowledging that more difficult days may lie ahead. Previously, Meta had laid off approximately 8,000 people—roughly 10 percent of its total workforce—in a chaotic AI-centered reorganization.

Zuckerberg attempted to boost morale by announcing a company-wide AI "hackathon" for July, but the effort met with a cold reception from employees. Multiple employees directly stated on internal message boards that their minds are currently occupied with maintaining team operations, and with reduced support and increased workload, they lack the energy to participate in activities. Some employees questioned whether Meta still supports hackathon culture when the company simultaneously lays off colleagues while demanding employees take on additional work.

The report notes that multiple rounds of large-scale layoffs have left employees in a state of continuous anxiety. Some employees who were not laid off have even been forced to undertake repetitive, basic work training AI models. Meanwhile, Meta has repeatedly stumbled in the AI race, with competitors continually expanding their lead, and the company has yet to roll out an impressive new AI model that captures attention.