Tech Morning Brief: Love and Deepspace Responds to Controversies; Midea’s PortaSplit Sells Out in Europe

Avatar 0

Love and Deepspace Production Team Addresses Recent Controversies

On June 29, the production team behind Love and Deepspace released an official statement to tackle the recent wave of speculation. Regarding the numerical glitch found in the “Hegemony of Light” update (released April 21) that caused some confusion, the team confirmed it was simply a fictional placeholder date with no real-world meaning or hidden packaging involved.

They also addressed the backlash over the phrase “taking a bath in the pot,” which appeared in the three-day countdown livestream promo on June 25. In reality, this was just playful copywriting for the upcoming Home 2.0 kitchen gameplay feature, designed to match the livestream’s “Rules of Weirdness” theme. Since we’ve seen so many people twisting this context incorrectly, we decided to remove all related content immediately to avoid causing any unnecessary stress for our players.

The team also wanted to put a hard stop to rumors claiming they were creating characters for specific countries or regions—let’s be clear, that goes against our core philosophy and standard development practices. As for the wild claims calling us a “pan-sexual game,” that’s just nonsense ignoring our long-standing identity as a visual novel series.

Midea’s PortaSplit Soars in Europe: Some Channels Already Sold Out

With Europe currently facing record-breaking heatwaves, air conditioners are suddenly everywhere you look. The good news? Midea Group’s PortaSplit portable split-system AC units have become the hottest item on the European market. When asked about the crazy demand, Midia told the press today: “The heatwave has definitely supercharged our sales. Specifically, the PortaSplit models are already completely sold out in several key channels.”

According to reports, Midea’s PortaSplit units saw B2B shipments in Europe exceed 200,000 units this year alone—double last year’s numbers. Xiong Xueqin, the Director of Midea’s European Division, shared that they’ve got factories working around the clock to meet urgent orders. Thanks to the China-Europe Railway Express, products are shipping fast. Some have already hit destination ports, and local branches are speeding up customs clearance to get these units into stores as quickly as possible.

Samsung and SK Hynix Announce Massive Trillion-Won Investment Plans

On June 29, Kim Jong-kwan, South Korea’s Minister of Trade, Industry and Energy, announced a massive 800 trillion KRW (approx. 3.52 trillion RMB) investment plan. This will fund four new memory chip wafer fabs in the Southwest Gwangju and Jeolla regions, aiming to build the nation’s second-largest semiconductor cluster after the capital area. Both Samsung Electronics and SK Hynix are chipping in 81 trillion KRW each to set up an advanced packaging base in Chungcheong Province, specifically to handle the exploding demand for AI High Bandwidth Memory (HBM).

Later that same day, Samsung officially unveiled its own investment roadmap totaling 2,655 trillion KRW (approx. 11.68 trillion RMB), with 2,030 trillion KRW dedicated to expanding its semiconductor clusters in Yongin and Pyeongtaek.

Meanwhile, SK Group Chairman Choi Tae-won revealed plans to inject an additional 1,100 trillion KRW (approx. 4.84 trillion RMB) into new semiconductor hubs, with 400 trillion KRW earmarked specifically for the southwestern region.

Tencent Clarifies Plans for Standalone Payment App: It’s for Visitors

Recently, a payment app called “TenPayGo” under the Tencent umbrella appeared on the Apple App Store, sparking debates about whether Tencent is launching a standalone payment solution.

Listed as provided by Tencent Technology (Shenzhen) Co., Ltd., the app is in English. We downloaded it and noticed that while it’s live on the store, the registration screen clearly says “Internal Testing Only.”

Speaking to Beijing Daily, Tencent clarified that TenPayGo is a “Life Convenience Assistant” currently in private beta, designed specifically for foreigners visiting China. Its goal is to offer a one-stop digital service covering mobile payments and more. For now, it’s still in limited testing and not open to everyone yet.

ST Yigou Wins Partial Lawsuit: Nanjing Court Orders Wanda to Pay 1.747 Billion Yuan

On June 29, ST Yigou announced a major legal win. A court in Nanjing issued a first-instance ruling in favor of ST Yigou and its subsidiary, Suning International, in their contract dispute against Dalian Wanda Group. The verdict requires Wanda to pay the outstanding balance plus penalty interest for late payment. Specifically, Wanda must transfer 1.747 billion yuan to Suning E-commerce within ten days of the judgment taking effect, along with interest calculated at 1.5 times the one-year LPR rate for the period between February 26, 2024, and February 13, 2026.

Baidu’s Kunlun Chip Eyes Hong Kong IPO with $50 Billion Valuation

On June 29, sources reported that Kunlun Xin (Beijing) Technology Co., Ltd., a subsidiary of Baidu Group (NASDAQ: BIDU / 09888.HK), is preparing for an IPO in Hong Kong. The target valuation sits at a staggering $50 billion—roughly 40% higher than Baidu’s current market cap. Talks with potential investors have already begun.

Insiders reveal that some investment firms interested in participating in the Kunlun IPO might need to pre-purchase Kunlun chips first. The required purchase amount could be 3 to 7 times the value of the shares they intend to subscribe to. Notably, Tencent is already a customer, and ByteDance is reportedly considering adopting their AI chips as well.

DJI Price Hike Rumors? Company Says It’s Fake News

Recent buzz suggested that DJI would raise prices across its entire product line starting July 15, 2026, with increases ranging from 3% to 8%.

However, on June 28, DJI officially shot down these rumors via Blue Whale Tech. They stated clearly: “This is false information. There is no truth to these claims.” Currently, DJI’s official guide prices remain stable, and there are absolutely no plans for a lineup-wide price adjustment as rumored.

Global’s Hottest Storage ETF Adds Chinese Chip Leader GigaDevice

In a significant move, the Roundhill Memory ETF (DRAM)—the world’s first active ETF focused on memory—recently adjusted its holdings. For the first time ever, it included GigaDevice Semiconductor, the leading Chinese storage chip manufacturer, making it the portfolio’s eighth-largest holding. Industry experts say this shift highlights how international capital is increasingly recognizing the growing market position of Chinese semiconductor companies within the global storage landscape.

Advertisement

Leave a Reply

Your email address will not be published. Required fields are marked *

Log In / Sign Up

Enter your email to receive a secure code. No password needed.