Business Brief (July 16): DeepSeek Said to Prepare for IPO

Published: Jul. 16, 2026 6:09 p.m. GMT+8

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Total electricity consumption in China rose 5.3% year-on-year to 5.1 trillion kilowatt-hours in the first half of the year.

Power consumption by high-tech and equipment manufacturing industries grew 9.8%, while the electric-vehicle charging and internet data service sectors saw growth rates of 56.9% and 44%, respectively.

NEWS SUMMARY

DeepSeek is reportedly preparing for an IPO.

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China's electricity consumption rose 5.3% to 5.1 trillion kWh in H1; high-tech and equipment manufacturing grew 9.8%.
EV charging and internet data services consumption surged 56.9% and 44%.
DeepSeek reportedly plans IPO; Tencent's Yuanbao integrates with JD.com's AI agent; PBOC official says reverse repo for ultra-short-term liquidity.

AI generated, for reference only

Who’s Who

Deepseek: Deepseek (深度求索) is reportedly preparing for an IPO.

Tencent: According to the article, Tencent said its AI assistant Yuanbao has integrated its mini-program ecosystem with JD.com's AI agent.

JD.com: JD.com's AI agent has been integrated with Tencent's AI assistant Yuanbao, allowing Yuanbao to access JD.com's mini-program ecosystem. This partnership highlights JD.com's focus on AI and e-commerce integration.

AI generated, for reference only