The day in tech.

Xiaohongshu is preparing to confidentially file for an initial public offering in Hong Kong by the end of this month. The Shanghai-based company is working with advisers on a potential listing that could become one of Hong Kong's largest IPOs in recent years. Key details remain unfinalized.

DeepSeek closed a record funding round exceeding $7 billion with an unusual deal structure. The deal structure deviates from standard venture capital terms. The funding amount makes it one of the largest rounds in the AI industry.

Go Inc., Japan's top taxi app, raised ¥88.6 billion ($553 million) in the country's largest IPO this year. Shares jumped 21% on the Tokyo Stock Exchange debut. The offering was over 25 times oversubscribed, with BlackRock, Wellington Management, and M&G committing to buy shares.

The largest tanker operator warned that oil flow through the Strait of Hormuz will take weeks to resume. The warning highlights significant disruption to global energy shipments through the critical chokepoint.

A study found that Mistral, Europe's AI champion, is vulnerable to Russian disinformation. The research identified specific weaknesses in the company's large language models. These vulnerabilities could allow the generation of misleading content targeting European audiences.

Private equity bosses warned that artificial intelligence poses a threat to their investments in law and accountancy firms. The warning highlights AI's potential to disrupt professional services that have been lucrative targets for private equity. The bosses expressed concern over AI's impact on these sectors.

An Accenture executive stated that human resources departments must now manage AI bots in addition to human employees. The executive argued that organizations need to treat AI agents as a new workforce category requiring oversight, performance tracking, and governance similar to human staff.

Microsoft is adding AWS capacity to GitHub after AI-driven growth strained infrastructure and triggered a series of reliability issues. The move aims to address performance problems caused by surging demand for AI-powered features on the platform.

Turtlemint's IPO opens for public subscription on June 19 and closes June 23, with a price band of ₹144-152. The offer for sale component was lowered 49% to 1.46 crore shares. At the upper price band, the total IPO size is ₹883 crore.

Bitcoin briefly hits $67,217 before falling to $65,845, up 0.3% daily and 4.8% weekly. Ether rises 2.8% to $1,764, solana gains 3.2% to $73. Traders delay bets on Iran deal amid past reversals, spot ETFs show muted institutional demand. Oil drops 4% as stocks surge, crypto remains cautious despite macro relief.