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DayOne Data Centers has secured MYR 15 billion in multi-currency financing to develop green data centers in Johor, Malaysia. Coordinated by OCBC and U…

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DayOne Data Centers has secured MYR 15 billion in multi-currency financing to develop green data centers in Johor, Malaysia. Coordinated by OCBC and UOB, the deal includes Malaysia’s largest green Islamic syndicated loan to date and supports campuses in the <a href="https://kr-asia.com/malaysia-singapore-play-up-joint-economic-zone-amid-us-tariff-worries">Johor-Singapore Special Economic Zone</a>.

<a href="/company/xpeng">Xpeng Motors</a> is in talks to supply its Turing chip to other automakers, with a debut in Volkswagen’s China models expected in 2026. The chip, already used in Xpeng’s G7 SUV, reportedly delivers 2,200 TOPS and supports advanced assisted driving features.

<a href="/company/openai">OpenAI</a> CEO Sam Altman said Stargate, a project that could invest up to USD 500 billion in AI infrastructure, could unlock major breakthroughs in <a href="/industry/ai">AI</a> and science. He predicts 2026 could be an inflection point, with ChatGPT’s widespread adoption giving OpenAI an edge in an increasingly competitive field.

<a href="/company/catl">CATL</a> has begun mass production and delivery of its 587 Ah energy storage cell at its Jining plant. With a reported energy density of 434 Wh/L and an initial efficiency of 96.5%, the cell reduces system components and costs while meeting national transport and grid standards.

<a href="/industry/robotics">Robotics</a> firms Deep Robotics, Uniview, and Xiaoyuan Robot have formed an alliance to co-develop smart patrol and inspection solutions. The partnership brings together Deep Robotics’ quadruped mobility, Uniview’s visual sensing and camera systems, and Xiaoyuan’s integration expertise to accelerate the deployment of AI-powered patrol systems for urban safety and emergency response.

A life-sized mint green Labubu figure has sold for over USD 150,000 at a Beijing auction, highlighting surging demand for <a href="/company/pop-mart">Pop Mart</a> collectibles. Created by artist Kasing Lung, the character has become a global icon amid Pop Mart’s expansion and Asia’s booming collectible toy craze.

<a href="/company/tiktok-shop">TikTok Shop’s</a> full-service launch in Mexico saw GMV surge 208% during its "hot sale" event from May 19 to June 3, with paid orders reportedly rising 63%, marking a strong debut in Latin America. Apparel, electronics, and home goods led category growth.

<a href="/company/byd">BYD</a> has launched the Dolphin Surf, ostensibly its most affordable <a href="/industry/ev">EV</a> to date, in Europe at around USD 25,000, triple the price in China due to tariffs. The debut expands China’s EV price war into global markets, prompting competition from Citroen, Renault, and Dacia. Analysts said falling battery costs could drive prices lower and bring EVs closer to parity with gasoline cars.

Chinese <a href="/industry/ev">EV</a> maker <a href="/company/xpeng">Xpeng Motors</a> has unveiled upgraded G6 and G9 electric SUVs for Europe, featuring 5C LFP batteries and 800V SiC platforms that enable 10–80% charging in just 12 minutes. Both models offer interior upgrades and advanced assisted driving features, with orders opening in mid-July across seven European countries.

On June 11, US President Donald Trump declared a trade deal with China “done,” pending approval from Chinese counterpart Xi Jinping. The agreement would reinstate steep tariffs, with 55% from the US and 10% from China, while restoring rare earth exports and student visa access. Questions remain about enforcement and timing.

<a href="/company/tencent">Tencent</a> is exploring a deal for Nexon and has approached the family of late founder Kim Jung-ju about a potential stake acquisition via NXC Corporation. The move would bolster Tencent’s gaming portfolio, though no agreement has been reached. Nexon's shares surged in Tokyo trading following the report, but the company has yet to comment.

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Laifen is sinking serious money into shavers, wagering that innovation will help it trump incumbents like Philips and Braun.

DayOne lands major green data center loan

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Behind the robotics boom, ZeroErr raises funds to build the parts that power it

Deals in brief: Atome secures USD 75 million facility, Sam Altman backs Coco Robotics again, 12 new China deals, and more

After hair dryers, Laifen targets the other side of bathroom counters with a shaver built from scratch