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SpaceX to debut on Nasdaq at $1.77t valuation

SAN FRANCISCO – Space Exploration Technologies Corp, known as SpaceX, has priced its initial public offering (IPO) at $135 per share and raised $75 billion through the sale of about 555.56 million shares, US media reported Thursday. The IPO values the company at about $1.77 trillion, according to reports. SpaceX shares are expected to begin…

China brings a brutal trade scorecard to Brussels

In the week of 15 June, EU foreign affairs ministers will discuss the state of play of relations between the EU and China. They will have some appalling data on the table. Beijing has just published a brutal trade scorecard.In Jan-May 2026, China exported US$254bn of goods to the EU and imported US$110bn from it.…

Lenovo’s AI tech makes impact on World Cup

Global football icon David Beckham, Lenovo’s global brand ambassador, attends an event in Beijing on Thursday night. [Photo provided to chinadaily.com.cn] Artificial intelligence has become a crucial part of the world’s biggest football tournament. From match operations and team preparations to broadcast enhancements and fan engagement, AI is being woven into the very fabric of…

Digital inspections secure summer power supply in Oroqen

State Grid Oroqen Autonomous Banner Power Supply Company has strengthened digital inspections of local distribution networks as rising temperatures push up electricity demand, the company said. According to the company, infrared thermometers, unmanned aerial vehicles and smart inspection terminals have been deployed to check distribution lines, transformers, switches, line fittings and other key facilities, with…

Shandong targets socioeconomic progress via cultural exchanges

Moroccan visitor Aimma (left) learned Chinese calligraphy during her stay in Mengzhi subdistrict, Shandong province. [Photo provided to chinadaily.com.cn] In the county-level city of Zhaoyuan in East China’s Shandong province, more local communities are integrating culture and industry in an effort to boost socioeconomic progress. Han Jiali, an official from Mengzhi subdistrict, said the idea…

Labubu makes appearance at World Cup opening ceremony

Labubu figures from Pop Mart’s The Monsters franchise make a high-profile appearance at the opening ceremony of the 2026 FIFA World Cup on Thursday. [Photo provided to chinadaily.com.cn] Labubu, the flagship character from Pop Mart’s The Monsters franchise, made a high-profile appearance at the opening ceremony of the 2026 FIFA World Cup on Thursday, becoming…

Customs officials share insights on securing borders, streamlining trade

An aerial drone photo taken on May 8, 2026 shows a view of the factory of China State Shipbuilding Corporation (CSSC) (Tianjin) Shipbuilding Co Ltd in North China’s Tianjin. [Photo/Xinhua] Editor’s note: The State Council Information Office invited five customs officials on Thursday to share their frontline experiences guarding China’s gateways and serving the public.…

De’Longhi exec hails ‘Shopping in China’

An employee (left) addresses visitor queries at De’Longhi’s booth during a trade fair in Shanghai. CHINA DAILY China represents a key market for understanding how coffee culture is evolving outside Europe, and its “Shopping in China” initiative is expected to unleash greater potential for coffee businesses from around the globe, a senior industry executive said.…

Kunming expo to boost trade with S. Asia

A performance is staged at the 10th China-South Asia Exposition in Kunming, Southwest China’s Yunnan province, June 11, 2026. [Photo/Xinhua] The China-South Asia Expo (CSAE) provides growth opportunities for businesses and enhanced regional trade, officials, experts and exhibitors from China and South Asian countries said in Kunming, Yunnan province, on Thursday. Co-hosted by the Ministry…