Daily Tech Roundup: China Sets Up Solid-State Battery Fund, Chinese Spacecraft Makes Historic Moon Landing

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Geely Auto showcases the solid-state battery it developed at an industry event in China on May 3. Photo: VCG

Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.

China sets up solid-state EV battery fund, source says

China has established a dedicated fund of about 6 billion yuan ($828 million) to stimulate the development of solid-state batteries for electric vehicles (EVs), an industry insider told Caixin. The revelation comes as some domestic EV-makers have been trying to figure out the best pathway to commercializing the potentially groundbreaking technology. Solid-state batteries are considered a potential game changer for the EV industry because their ability to provide a huge boost to battery performance, along with advantages in safety and shortened charging times.

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China established a 6 billion yuan ($828 million) fund to develop solid-state EV batteries.
A Chinese spacecraft, Chang’e-6, successfully landed on the moon's far side and aims to collect and return samples.
Former U.S. President Donald Trump joined TikTok to connect with young voters, despite previously attempting to ban it.

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Who’s Who

TikTok: Former U.S. President Donald Trump joined TikTok, the Chinese-owned platform he previously attempted to ban. His debut on the video-sharing app featured a 13-second clip with UFC CEO Dana White as Trump seeks to engage young voters. This move comes amid his campaign efforts for the 2024 presidential race.

Crypto.com: Crypto.com is among the 11 cryptocurrency exchanges closer to obtaining licenses in Hong Kong, as indicated by the Securities & Futures Commission. The commission's website lists Crypto.com as "deemed to be licensed," signaling significant progress in the city's effort to become a hub for the digital asset industry.

Bullish: Bullish is one of 11 cryptocurrency exchanges in Hong Kong that are closer to obtaining licenses, according to the Securities & Futures Commission. The platform is among those with notable trading volumes globally.

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What Happened When

By June 1, 2024：: Hong Kong's Securities & Futures Commission showed that 11 cryptocurrency exchanges, including Crypto.com and Bullish, are deemed to be licensed.

June 2, 2024：: The China National Space Administration announced that Chang’e-6 successfully landed at the designated landing area on the far side of the moon.

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