---
date: 2026-06-16
subject: "Enflame STAR approval | NDA trillion-yuan compute network | CAICT locks token-service baselines"
---


**Shanghai Stock Exchange approved Enflame Technology's IPO** on June 15, completing public market access for all four leading domestic GPU designers, with the Tencent-anchored firm having shipped four unique chip architecture generations. **The National Data Administration calculated** direct investment in China's compute network at the trillion-yuan ($140 billion) level, per deputy director Li Jianguo, who identified compute-electricity coordination as the next growth driver and placed the network among the 15th Five-Year Plan's six infrastructure grids. **CAICT launched a token-service baseline plan** with Huawei Cloud, Ant Digital, China Mobile's Jiutian, China Unicom's Yuanjing, JD Cloud, Lenovo Baiying, Inspur Haiyue, Hocean Tech, Cloudtaer Data and PPIO Cloud, requiring at least 55 tokens per second output, first-token latency of 0.9 seconds or less and a 99.9% call success rate, with national daily token call volume reaching 140 trillion as of March 2026.

# 1. Top Stories
- **Shanghai Stock Exchange approves Enflame Technology IPO, completing public market access for China's "Four GPU Dragons"** — The Shanghai Stock Exchange listing committee approved cloud AI compute provider Enflame Technology's STAR Market IPO application on June 15, per the exchange's published review results. Enflame is the last of the four leading domestic GPU designers to clear public market access; Moore Threads and Muxi Semiconductor previously listed on STAR, while Biren Technology went public in Hong Kong. Founded in March 2018 and anchored by Tencent, its largest shareholder at about 20.3%, Enflame plans to raise 6 billion yuan ($830 million) in the IPO. The company has shipped four chip architecture generations and built its own software stack, TopsRider, instead of mirroring NVIDIA's CUDA, with 2025 revenue of 986 million yuan ($140 million) and cumulative 2023 to 2025 R&D spending of 3.676 billion yuan ($510 million). Enflame received its STAR Market acceptance letter on January 22 and cleared two rounds of regulatory inquiries before the June 15 listing committee approval. [InfoQ China](https://www.infoq.cn/article/OLS2A0uPEfmqoktKKGWg)
- **National Data Administration calculates direct compute-network investment at the trillion-yuan level** — Li Jianguo, deputy director of digital technology and infrastructure construction at the National Data Administration, said direct investment in China's "compute network," counting information equipment and civil construction, will reach the trillion-yuan ($140 billion) level, per CCTV News on June 16. China's total compute capacity is now second globally, and the integration of the supercomputing internet with domestic AI clusters has produced what officials describe as an "independent development and virtuous cycle" ecosystem, Li said. Coordinated compute-and-power deployment, what officials call "compute-electricity coordination," will become the next investment growth driver. Officials group the compute network among the "six grids" — alongside water, new-type electricity, next-generation telecom, urban underground pipes and logistics — that recent Politburo and State Council meetings named as infrastructure priorities for the 15th Five-Year Plan's opening year. [Yicai](https://www.yicai.com/brief/103232572.html) [state-affiliated] [CRI](https://news.cri.cn/2026-06-13/939073d0-5343-6f67-122a-61a43cd282ad.html) [state media] [Xinhua](https://www.news.cn/fortune/20260525/1312b69e42d24d05917f5ff1f29d1fea/c.html) 
- **CAICT locks shared token-service baselines with 10 cloud and AI infrastructure firms, formalizing "token as utility unit"** — The China Academy of Information and Communications Technology (CAICT), the ICT research arm of the Ministry of Industry and Information Technology (MIIT), launched its "Token Service Capability Climbing Plan" at a high-quality token service symposium in Beijing on June 16 with Huawei Cloud, Ant Digital, China Mobile's Jiutian, China Unicom's Yuanjing, JD Cloud, Lenovo Baiying, Inspur Haiyue, Hocean Tech, Cloudtaer (Tianyun) Data and PPIO Cloud, per ITHome. The first-batch performance baseline requires output throughput of at least 55 tokens per second, first-token latency of 0.9 seconds or less and a 99.9% call success rate; CAICT said all 10 firms met the floor. CAICT framed tokens, the basic unit large models use to process text, code, images, audio and video, as becoming the measurement, billing and statistical unit for AI services in China. As of March 2026, China's daily token call volume crossed 140 trillion, a roughly 1,000-fold rise from 100 billion at the start of 2024 and up more than 40% from the 100 trillion baseline at end-2025. [ITHome](https://www.ithome.com/0/964/956.htm)
- **Mineral Resources Law implementing regulations formally codify 36 strategic minerals including rare earths, gallium and germanium** — The State Council's Implementation Regulations for the Mineral Resources Law took effect this week, naming 36 minerals including gold, molybdenum, rare earths, cobalt, lithium, gallium, germanium and tungsten as strategic, per Gelonghui. Chinese A-share rare earth and minor-metal stocks reacted June 16 with multi-day limit-up moves: Xiamen Tungsten hit its second consecutive trading limit at a roughly 124.5 billion yuan ($17 billion) market cap, China Rare Earth rose over 5% and Hong Kong-listed Jinli Permanent Magnet rose over 5%. Over the past six months, tantalum ingot prices are up 158%, indium up about 60% and tin up over 40%. Northern Rare Earth's Q1 2026 net profit rose over 110% year over year, with Xiamen Tungsten's up over 189% on the same basis. [Gelonghui](https://www.gelonghui.com/p/5223104)

# 2. AI & Foundation Models

- **Alibaba releases Qwen-Robot, its first embodied AI model family covering manipulation, navigation and a world model** — Alibaba released the Qwen-Robot series on June 16, comprising Qwen-RobotManip, a vision-language-action manipulation model, Qwen-RobotNav, a vision-language navigation model, and Qwen-RobotWorld, a world model that predicts a robot's next physical state, QbitAI reported. Qwen-RobotManip was pretrained on more than 38,000 hours of open-source data and uses an 80-dimensional unified action representation across hardware bodies; Alibaba said its "Lira" and "Atlas" variants took the top two slots on the third-party RoboChallenge Table30 v1 real-robot leaderboard covering 30 tasks across four robot platforms. Qwen-RobotNav builds on Qwen-VL and unifies five navigation task families, including target search and autonomous driving, under one model framework. Each Qwen-Robot model can be deployed independently or run jointly across robots of different form factors, Alibaba said, and Qwen-RobotWorld generates training video and pre-computes action trajectories before execution. [QbitAI](https://www.qbitai.com/2026/06/435873.html)
(https://www.gelonghui.com/p/5214978) [Global Times](https://tech.huanqiu.com/article/4S02ZQxcItp) [state media]

# 3. Chips & Semiconductors

- **Alibaba T-Head's Zhenwu AI chip crosses 100,000 deployed units across Chinese banking, securities, insurance and fund management firms** — Zhang Chi, vice president of Alibaba Cloud Intelligence Group's Public Cloud Business Unit and general manager of its New Finance Industry Division, disclosed at the 32nd China International Finance Exhibition on June 16 that more than 100,000 T-Head Zhenwu AI chips are deployed across more than 150 mainstream financial institutions, per Securities Times. T-Head is Alibaba's in-house chip design subsidiary; its Zhenwu line was pitched as a domestic alternative to NVIDIA accelerators in cloud AI training and inference, and a refresh, the Zhenwu M890, debuted at Alibaba's May Cloud Summit. The 150-plus institution footprint covers banking, securities, insurance and fund management. [Yicai](https://www.yicai.com/brief/103232499.html) [state-affiliated]
- **Domestic 24Gb DDR5 DRAM dies appear in retail Chinese consumer modules from Gloway and KingBank** — Gloway and KingBank launched DDR5 24GB single-stick consumer memory modules built on domestically produced DRAM dies on June 16, ITHome reported. Gloway's "Longwu Yi Series Special Commemorative Edition" runs at 6000 megatransfers per second with CL36-38-38-80 timings at 1.25 volts; KingBank's "Starblade RGB" matches the format, with each stick using eight domestic dies for 24GB per stick. Pairing two sticks yields a 48GB DDR5 kit, the same density Samsung and SK Hynix offer at the consumer tier. Reaching mainstream consumer density on domestic dies marks a step toward DRAM self-sufficiency, narrowing China's reliance on Samsung and SK Hynix for a memory tier that until recently had no competitive homegrown alternative. [ITHome](https://www.ithome.com/0/964/978.htm)
- **TrendForce projects NOR and SLC NAND niche memory contract prices to roughly double in H1 2026 on tight upstream capacity** — Memory research firm TrendForce projected June 16 that contract prices for NOR and SLC NAND, two niche memory categories used in cars, edge AI and industrial systems, will rise 100% to 120% (NOR) and 130% to 150% (SLC NAND) in the first half of 2026, ITHome reported. The firm sees high-capacity NOR adding another 60% to 65% in H2 2026 and SLC NAND adding another 70% to 75%. NOR remains the firmware storage chip of choice in automotive electronics, where its real-time execution matters for driver assistance and cockpit systems, with edge AI demand adding a multiplier on top. TrendForce attributed the H2 outlook to the absence of new mature-process capacity from upstream foundries despite no contraction in demand. [ITHome](https://www.ithome.com/0/964/945.htm)

# 4. Robotics & Autonomous Systems

- **Chinese robotaxi operators land in London, Dubai and Switzerland ahead of Tesla Cybercab delivery** — Pony.ai vice president Zhang Ning said the company's 2026 robotaxi deployments will exceed 3,000 vehicles, with 20% to 30% overseas, Leiphone reported. Baidu's Apollo Go is accelerating deployment in Dubai, the United Kingdom including London, and Switzerland. Momenta is partnering with Uber to expand beyond China and the United States. Pony.ai's overseas figure is a 2026 deployment target, not a current fleet count. [Leiphone](https://www.leiphone.com/category/transportation/HlloRQ6X49gtUqXD.html)
- **Embodied AI startup Zibianliang open-sources XRZero-G0 with a 2,000-hour body-free dataset, claims 1/20th the collection cost** — Embodied AI company Zibianliang open-sourced XRZero-G0 on June 16, a complete body-free data collection pipeline covering acquisition, quality inspection, training and real-robot evaluation, Leiphone reported. The package includes a multimodal body-free dataset of over 2,000 hours covering roughly 3,000 tasks. The company said body-free collection, which captures human-skill demonstrations without rigging the operator into a robot exoskeleton, reduces data collection cost to 1/20th of prior teleoperation methods. The release bundles the company's quality inspection toolchain and real-robot evaluation pipeline alongside the dataset. [Leiphone](https://www.leiphone.com/category/ai/VzC236xZ6HQob91z.html)
- **ACE Robotics closes "Angel+" round at hundreds-of-millions-of-dollars cumulative raise, open-sources edge-deployed Kairos 3.0-4B** — ACE Robotics, the embodied AI venture founded in July 2025 by SenseTime co-founder Wang Xiaogang, disclosed on June 15 that its Angel+ round closed with a cumulative raise in the hundreds of millions of dollars, 36Kr Enterprise reported. The company open-sourced Kairos 3.0-4B as what it calls the first embodied-intelligence world model that runs directly on edge devices rather than calling a cloud, freeing it from network latency and bandwidth cost. ACE said it has scaled training data to 1 million hours, roughly 10 times standard teleoperation pipelines. [36Kr](https://www.36kr.com/p/3855262364488969)

# 5. Digital Infrastructure

- **YOFC, China Telecom and Taclink set a world capacity-distance record for hollow-core fiber unamplified transmission** — Yangtze Optical Fibre and Cable (YOFC), state-run China Telecom, and optical-systems vendor Taclink (Wuxi Taclink Optoelectronics) completed what they describe as the world's first field-deployed hollow-core fiber 1.2 Tb/s single-wavelength ultra-long single-span unamplified wavelength-division-multiplexing (WDM) trial on June 16, ITHome reported. The trial achieved 51.3 Tb/s aggregate single-span transmission across 206.5 kilometers using only erbium-doped fiber amplifier (EDFA) amplification, setting a global single-span capacity-distance record without remote pump amplifiers. Hollow-core fiber guides light through air rather than glass, bypassing the capacity and latency ceilings of standard solid-core fiber. The format matters most for backbone and data-center transmission. The work ran on China Telecom's "Cloud-Network Convergence Pilot Platform," approved by the State-owned Assets Supervision and Administration Commission (SASAC) as a national pilot, with the project team using a dual-gain cascade amplifier delivering 33.5 dBm output power. [ITHome](https://www.ithome.com/0/964/975.htm) [Baidu Baike](https://baike.baidu.com/item/%E6%97%A0%E9%94%A1%E5%B8%82%E5%BE%B7%E7%A7%91%E7%AB%8B%E5%85%89%E7%94%B5%E5%AD%90%E6%8A%80%E6%9C%AF%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8/60924356)


- **National Supercomputing Internet runs a "618" discount campaign for compute services** — China's state-backed National Supercomputing Internet platform launched a "618 compute promotion campaign" on June 16, mirroring the mid-year e-commerce festival, Jiemian News reported. The campaign offers a 9.9 yuan ($1.40) per month Token Plan subscription yielding up to 80 million tokens, free token allowances for new registered users, OCR service calls priced as low as 0.01 yuan per call, and up to 5,000 card-hours of compute as a referral bonus. The "618" naming aligns the campaign with the Chinese mid-year online shopping window that runs around June 18. [Jiemian](https://www.jiemian.com/article/14597434.html)

# 6. Talent & Capital

- **DeepSeek closes over $7 billion round with no voting rights and 5-year lock-up, exception for the National AI Industry Investment Fund** — DeepSeek has closed a funding round of more than $7 billion (about 47.4 billion yuan) at a valuation above $50 billion (about 338.6 billion yuan), per The Information. The structure grants investors economic rights only with no voting rights, a 5-year lock-up and no expected board seats; the sole exception is the National AI Industry Investment Fund, which directly invested 1 billion yuan ($140 million) in DeepSeek with voting rights and no lock-up. Tencent, CATL, JD.com, NetEase and IDG Capital participated, with Tencent planning 10 billion yuan ($1.4 billion), CATL planning 5 billion yuan ($700 million) and founder Liang Wenfeng committing 20 billion yuan ($2.8 billion), per Reuters. [ITHome](https://www.ithome.com/0/964/772.htm)
- **Large-model inference platform SiliconFlow closes over 2 billion yuan ($280 million) Series B with state, SOE and cross-industry investors** — SiliconFlow has closed a Series B funding round exceeding 2 billion yuan ($280 million) with Huaxing Capital as exclusive financial adviser, InfoQ China reported June 16. The named investor list spans Ctrip Strategic Investment, JinkoSolar, Kingdee, China Unicom Xinwo, Shengyi Capital, Biren Technology Strategic Investment, NIO Capital, SenseTime Strategic Investment, Giant Network, Guotai Junan Innovation, GGV Capital, Walden International, Huakong Fund, CDB Capital and Zhongguancun Science City. The investor mix combines travel, solar, ERP, telecom SOE, semiconductor, automotive and gaming capital with traditional venture funds, an unusually broad strategic anchor for a model-as-a-service infrastructure raise. SiliconFlow operates a large-model inference platform competing with cloud-hosted inference services from Huawei Cloud, Tencent Cloud and Alibaba Cloud. [InfoQ China](https://www.infoq.cn/article/6plxDB37CLvi5xWT0Abb)