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On July 6, Tencent's wholly-owned subsidiary Tencent Mobility plans to sell approximately 273 million shares of Kuaishou through a block trade, with a price range of HKD 43.15 to HKD 44.53 per share, potentially cashing out up to about $1.6 billion.
On July 6, according to OnchainLens monitoring, a BlackRock address recently transferred 2,265.685 BTC to Coinbase, valued at approximately $142.45 million. Over the past 6 days, BlackRock has cumulatively transferred 22,624.685 BTC to Coinbase, with a total value of around $1.42 billion.
On July 6, China Merchants Securities announced that it has recently received approval from the China Securities Regulatory Commission regarding the public issuance of corporate bonds to professional investors. The approval allows the company to issue bonds with a total face value not exceeding 70 billion yuan. This issuance must be conducted strictly in accordance with the prospectus submitted to the Shanghai Stock Exchange, and the approval is valid for 24 months from the date of registration. The company may issue the bonds in installments within this validity period.
On July 6, according to 21st Century Business Herald, AI servers are increasingly power-hungry, pushing data centers to the brink of a power supply transformation. The 800V high-voltage direct current was originally seen by NVIDIA as a key piece for the next generation of AI data centers, but it has recently fallen into controversy over 'delayed mass production': Are cloud providers unwilling to pay, or is there a misjudgment of the pace from the outside? According to core energy ecosystem partners like Delta and ABB, the 800V solution is still progressing normally. However, the speed of this power supply revolution may not be determined solely by NVIDIA, but rather by an entire energy infrastructure supply chain that is still maturing. Morgan Stanley stated that NVIDIA has clearly indicated at the GTC Taipei conference that the development of 800VDC is on track, with supporting power racks expected to be ready for mass production by the third quarter of 2026. Additionally, core supplier Delta Electronics is also expected to deliver initial small batches of 800V independent power cabinets to leading cloud providers in North America by the fourth quarter of 2026.
On July 6, according to documents from the Hong Kong Stock Exchange, Tencent Holdings (00700.HK) repurchased 465,000 shares for a total amount of HKD 204.8 million.
On July 6, U.S. optical communication stocks, which collectively fell last Thursday, rebounded pre-market today. AXT Inc rose over 7%, while Nokia, Mavenir Technologies, Astera Labs, Credo Technology, and Tower Semiconductor all increased by more than 3%. Additionally, Qiagen, Viavi Solutions, Amphenol, Lightwave Logic, GlobalFoundries, Coherent, Fabrinet, and MaxLinear saw gains of over 2%.
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