---
date: 2026-06-17
subject: "SSE adds quantum, robotics and BCI to STAR listing rules | GLM-5.2 takes open source #1 | BIS sits on 100+ Entity List adds"
---


**BIS has held off blacklisting more than 100 Chinese companies** that an interagency committee already approved for the Entity List as security threats, including DeepSeek and ChangXin Memory Technologies (CXMT), with at least 75 firms tied to advanced semiconductors, equipment and AI development. **Alibaba Cloud opened cloud regions in Paris and Johor, Malaysia** at the VivaTech conference on June 17, along with a fifth Tokyo data center and a second Mexico availability zone, lifting its global footprint to 32 regions and 105 availability zones. **Zhipu AI released open source GLM-5.2**, with QbitAI reporting it ranked second globally on the Code Arena coding leaderboard behind Anthropic's Claude Fable 5. 
# 1. Top Stories

- **BIS holds back from blacklisting 100-plus approved Entity List additions including DeepSeek and memory maker CXMT** — The U.S. Bureau of Industry and Security (BIS), the Commerce Department arm that runs the Entity List export control regime, has not added more than 100 China designations cleared by the interagency End-User Review Committee for addition to the Commerce Department's Entity List, including AI startup DeepSeek and memory maker ChangXin Memory Technologies (CXMT), per Reuters. At least 75 of the pending entries are tied to advanced semiconductors, semiconductor manufacturing equipment and AI model development, with sources naming Under Secretary of Commerce for Industry and Security Jeffrey Kessler as preferring to avoid new China designations to keep from escalating tensions with Beijing. BIS has published no Entity List additions at all since October 2025, the longest stretch between new postings in more than a decade, according to CSIS supply-chain researcher Philip Luck cited in the report. Foreign Ministry spokesperson Lin Jian, responding to a question at the June 17 regular press briefing, said China consistently opposes the U.S. "overstretching the concept of national security," abusing its Entity List and other export controls and suppressing Chinese enterprises, per the PRC Foreign Ministry.[CnBeta](https://www.cnbeta.com.tw/articles/tech/1566032.htm?ref=chinatechdaily.org) [Reuters](https://finance.yahoo.com/news/exclusive-us-holds-off-blacklisting-000212827.html?ref=chinatechdaily.org) [PRC Foreign Ministry](https://us.china-embassy.gov.cn/lcbt/wjbfyrbt/202606/t20260617_11947482.htm?ref=chinatechdaily.org)

- **Alibaba Cloud opens Paris and Johor data center regions, taking the global footprint to 32 regions and 105 availability zones** — Alibaba Cloud launched cloud regions in Paris, France and Johor, Malaysia during the VivaTech conference on June 17 and added a fifth Tokyo data center and a second Mexico availability zone the same day, per Leiphone. The Paris region is Alibaba Cloud's third European hub after Germany and the U.K., positioned to host AI workloads under EU data residency rules; the Johor site brings Alibaba Cloud's Malaysia data center count to five, its largest infrastructure deployment in Southeast Asia to date. A full Agentic AI stack, including the AgentRun agent build platform, the ACS Agent Sandbox and AI Security Guardrails 2.0, is slated for Malaysia and Europe in the second half of 2026, with the flagship Qwen3.7-Plus model already live on the Japan service and the HappyHorse video generator slated to follow. Alibaba Cloud said additional regions in the Netherlands and Brazil are next, with further expansion in South Korea and Dubai planned.[Leiphone](https://www.leiphone.com/category/industrynews/65PN2PmZCC0YKFaS.html?ref=chinatechdaily.org)

- **Zhipu's open source GLM-5.2 ranks second globally on the Code Arena coding leaderboard** — Beijing-based Zhipu AI released the open source GLM-5.2 large language model on June 17, with QbitAI reporting it ranked first among open source models and second globally on Code Arena, an online coding benchmark, behind only Anthropic's Claude Fable 5. Zhipu reports GLM-5.2 scored within 1 to 4 percentage points of Claude Opus 4.8 on FrontierSWE and Terminal-Bench 2.1, two widely cited tests of software engineering reasoning, and beat OpenAI's GPT-5.5 on FrontierSWE. GLM-5.2 also placed first globally on the Design Arena leaderboard, which scores model output style or "taste." [QbitAI](https://www.qbitai.com/2026/06/436085.html)

- **Shanghai Stock Exchange adds quantum, robotics, hydrogen and brain-computer interfaces to STAR Market strategic emerging industries list** — The SSE released a draft amendment to its Interim Provisions on STAR Market issuance and recommendation on June 17, rewriting the second tier sub-sector list of "strategic emerging industries" that defines listing eligibility, per Wallstreetcn. The next generation information technology category adds "quantum," the high-end equipment category adds "robotics" and broadens "marine engineering equipment" to "marine equipment," and the new energy category adds "hydrogen." The biopharmaceutical category adds "brain-computer interfaces, biologics, gene-engineered drugs and vaccines, and biomedical engineering," bringing four frontier science sub-sectors under the listing eligibility framework. The SSE said the changes implement the 15th Five-Year Plan outline's priority of growing emerging and future industries, the same plan period that began at the start of 2026. [Wallstreetcn](https://wallstreetcn.com/livenews/3120857)

- **Tesla Optimus bill of materials is roughly three times the cost of Chinese supply chain alternatives, per Wallstreetcn analysis** — Humanoid robot prices in China have collapsed on component localization, supply chain density and standardization driven scale, per a Wallstreetcn analysis published June 17. Parts vendors have pulled harmonic reducers, the high precision gearboxes inside each robot joint, from over 10,000 yuan ($1,400) per unit to the low thousands. Tesla Optimus's bill of materials runs around $131,000 sourced from the U.S. supply chain versus about $46,000 on Chinese suppliers for the same design, with joint modules accounting for roughly half of total robot cost and reducers alone 30% to 40%. Third party joint module shipments crossed 280,000 units in 2025, ahead of full-robot scale, with China at about 90% of global humanoid production in 2025 and 100,000 to 200,000 units projected for 2026. Humanoid sale prices are projected to fall below an average factory worker's annual wage in 2027 to 2028, the threshold at which industrial buyers reach payback parity on substituting machines for labor. [Wallstreetcn](https://wallstreetcn.com/articles/3774890)

# 2. Policy & Regulation

- **National Council for Social Security Fund anchors a 10 billion yuan ($1.4 billion) hard tech investment fund in Shaanxi** — The National Council for Social Security Fund (NSSF), which manages China's reserve pension assets, signed a 10 billion yuan ($1.4 billion) first phase Shaanxi Social Security Sci-Tech Equity Investment Fund in Xi'an on June 17, per TMTPost. The fund uses NSSF's standard "social security fund plus local SOE plus bank asset investment company" structure: NSSF Council holds 40%, Bank of China Investment 20%, and Chang'an Huitong and Xi'an Hi-Tech Investment jointly 40%. The capital targets growth stage and mature stage projects in AI, integrated circuits, biopharma, new energy, high-end equipment, new materials and aerospace, the sectors Shaanxi has prioritized through Xi'an's defense industrial base. NSSF's sci-tech innovation fund system now operates in Zhejiang, Jiangsu, Fujian, Sichuan, Hubei and Shaanxi, with cumulative scale of about 160 billion yuan ($22 billion). [TMTPost](https://www.tmtpost.com/8031569.html)

- **Tencent's WorkBuddy introduces an AI initiated payment loop inside WeChat through a dedicated "AI card"** — WeChat Pay, the payments arm of Tencent's flagship messaging app, released an "AI Dedicated Card" on June 17 and connected it first to Tencent's WorkBuddy desktop agent for AI initiated transactions, per Caixin. WorkBuddy is Tencent's follow-on desktop agent, built to be compatible with the Skills of OpenClaw, the independent open source agent framework that gained wide adoption this year. The launch scenario runs through Meituan group-buy: a user asks WorkBuddy for a nearby restaurant deal, WorkBuddy returns recommendations, the user confirms on a phone, the AI Dedicated Card is debited and the user redeems the coupon at the store. Final user confirmation and per transaction caps remain on the user's mobile device, with the AI Dedicated Card living inside WeChat's existing wallet.[Caixin](https://www.caixin.com/2026-06-17/102455055.html?ref=chinatechdaily.org)

- **Guangdong launches province-wide WanQing AI procurement hub with Tencent's WorkBuddy agent built in** — The Guangdong Bureau of Government Services and Data Management opened the WanQing platform, what it calls China's first province-level government AI hub, on a June 16 trial basis, per Leiphone. WanQing supplies modular AI capability to all levels of government in Guangdong under a single procurement and integration framework, moving provincial agencies from what the bureau called "fragmented pilots" toward "centralized operation." Tencent's WorkBuddy desktop agent is named as one of the hub's core components, with sandbox-isolated data residency, domestic chip support and private on-premises deployment to meet government data security requirements. WanQing will begin pilot rollouts to multiple provincial level agencies, with eventual access for all provincial civil servants in Guangdong, the bureau said. [Leiphone](https://www.leiphone.com/category/industrynews/fpHs0biXwPGOEBmK.html)

# 3. AI & Foundation Models

- **Iflytek's Spark Medical V3.5 claims to beat GPT-5.5 on clinical grade medical benchmarks** — Iflytek Medical, the clinical AI subsidiary of state-backed speech AI company Iflytek, released the Spark Medical Large Model V3.5 and claims the model surpasses OpenAI's GPT-5.5 "Extra High" tier on clinical reasoning, diagnostic recommendation and multimodal medical interaction, per QbitAI. Iflytek released the benchmark numbers itself. Iflytek's existing medical footprint covers 806 counties, 77,000 primary care institutions and more than 600 tier grade hospitals, the major hospital tier in China's hospital classification system. The company reports a 91% physician adoption rate for AI generated medical records at top tertiary hospitals, with the average time to write a record falling 52%. [QbitAI](https://www.qbitai.com/2026/06/436171.html) [SCMP](https://www.scmp.com/tech/tech-trends/article/3315685/iflytek-unveils-medical-ai-smart-classroom-tech-hong-kong-amid-global-push)

- **Tencent's WorkBuddy introduces an AI initiated payment loop inside WeChat through a dedicated "AI card"** — WeChat Pay, the payments arm of Tencent's flagship messaging app, released an "AI Dedicated Card" on June 17 and connected it first to Tencent's WorkBuddy desktop agent for AI initiated transactions, per Caixin. WorkBuddy is Tencent's same-family answer to OpenClaw, the independent open-source agent framework that Moonshot AI hosts. The launch scenario runs through Meituan group-buy: a user asks WorkBuddy for a nearby restaurant deal, WorkBuddy returns recommendations, the user confirms on a phone, the AI Dedicated Card is debited and the user redeems the coupon at the store. Final user confirmation and per transaction caps remain on the user's mobile device, with the AI Dedicated Card living inside WeChat's existing wallet. [Caixin](https://www.caixin.com/2026-06-17/102455055.html) 

# 8. Digital Infrastructure

- **ByteDance issues nationwide call for self-built data center testing vendors with 22 to 60 MW per-building IT capacity** — ByteDance published a "Request for Interest" on June 17 seeking third-party suppliers to run integrated testing and commissioning of its self-built data centers nationwide, per Yicai. The scope covers project documentation review, equipment functional verification, system performance and energy efficiency testing, and system commissioning, with single buildings cited at 22 to 60 megawatts of delivered IT capacity.  [Yicai](https://www.yicai.com/brief/103234576.html) [state-affiliated]

- **Hikvision raises hard disk drive prices July 1 and rolls out Guanlan AI codec to cut downstream storage demand** — Hikvision, the world's largest video surveillance equipment maker and a U.S. Entity Listed company, confirmed on June 16 it will raise drive prices through its distributor channel effective July 1, citing third quarter storage cost pressure from "global AI compute buildout and data storage demand," per Securities Times. The company said upstream drive procurement costs rose more than 50% in Q3 versus Q2, beyond what Hikvision can internally absorb. Hikvision is pushing its "Guanlan" AI video codec, driven by its in-house Guanlan large model, as a downstream mitigant, claiming over 50% storage savings versus the H.265 video compression standard and up to 90% in some scenarios. Hikvision's stock closed up 4.85% on June 16 after the price hike notice circulated. [stcn](https://stcn.com/article/detail/3964955.html) [state-affiliated] [Wallstreetcn](https://wallstreetcn.com/livenews/3120815)

# 9. Talent & Capital

- **General Atlantic in talks to lead a $2 billion plus round at Kuaishou's Kling AI video unit at about $18 billion valuation** — U.S. private equity firm General Atlantic is in early talks to lead a more than $2 billion round at Kling, the AI video generation arm of short video platform Kuaishou, at an approximately $18 billion post-money valuation, down from an earlier $20 billion target, per Wallstreetcn. Kling's annualized revenue run rate rose from about $300 million in January to roughly $500 million in March, driven by the release of Kling 3.0, with Q1 revenue above 650 million yuan ($91 million), up over 300% year over year. If completed, the round would be among the first U.S. led private equity rounds into a Chinese generative AI company since OpenAI shut down its Sora video service. General Atlantic is also an early backer of Kuaishou competitor ByteDance, as well as Meta Platforms and Uber. [Wallstreetcn](https://wallstreetcn.com/articles/3774889)

- **Former Alibaba Qwen lead Lin Junyang closes first round at a $2 billion valuation for new lab Bulage with Tencent, Sequoia China and Gaorong Capital backing** — Lin Junyang, who led Alibaba's Qwen large model team until his March departure, closed a first round of several hundred million dollars at his new Shanghai-based AI lab Bulage at a $2 billion post-money valuation, per The Information. Gaorong Capital and Sequoia China co-led with $100 million each, and Tencent followed in with $20 million; Lin is already pursuing a second round. Lin registered three controlling entities, the wholly owned Shanghai Yuyong Technology, the 99% held Shanghai Bulage Technology and a related Shanghai limited partnership, between May and June 2026, with Bulage focused on world models and embodied AI. The round, backed entirely by Chinese capital, signals the onshore funding system can stand up a frontier AI lab at valuations comparable to U.S. peers without U.S. dollar investors; for reference, Mira Murati's Thinking Machines Lab opened its first round at a $10 billion valuation in 2025. [QbitAI](https://www.qbitai.com/2026/06/436138.html)

- **AI protein design lab MoleculeMind closes $100 million plus Series A around RaptorX inventor Xu Jinbo** — MoleculeMind, the AI protein design platform led by Xu Jinbo, inventor of the first effective AI protein structure prediction algorithm RaptorX-Contact, closed a Series A series of rounds with cumulative funding above $100 million, per QbitAI. The round drew Blue Bridge Capital, COFCO Emerging Industry Fund, Pudong VC, Oriental Fortune, Fosun Capital and Infinity Equity, with follow-on commitments from earlier backers Cathay Biotech and Xinhang Capital. MoleculeMind reports its in-house MMFold structure prediction model beats Google's AlphaFold 3 on the FoldBench antibody-antigen interface benchmark and that its MMDesign generative platform hit above 90% target engagement on 12 real clinical targets, validated in wet-lab experiments. Reported TNF-alpha antibodies from the platform reach picomolar binding strength, the range used by approved therapeutic biologic drugs.[QbitAI](https://www.qbitai.com/2026/06/436077.html?ref=chinatechdaily.org)