---
title: "Huawei's First Open Source Large Model Released; Lei Jun Scheduled for Live Broadcast on July 2 | Today's Important News Recap"
description: "0630 | Dolphin Research Key Focus: 🐬 Macro/Industry 1. In June 2025, China's Manufacturing Purchasing Managers' Index (PMI) was 49.7%, an increase of 0.2 percentage points from the previous month. Th"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/31305450.md"
published_at: "2025-06-30T08:50:52.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# Huawei's First Open Source Large Model Released; Lei Jun Scheduled for Live Broadcast on July 2 | Today's Important News Recap

0630 ｜**Dolphin Research Key Focus:**

#### **🐬 Macro/Industry**

**1**. In June 2025, China's Manufacturing Purchasing Managers' Index (PMI) was 49.7%, an increase of 0.2 percentage points from the previous month. The overall Chinese manufacturing sector showed a moderate improvement, with both production and demand picking up, indicating an increase in economic activity.

#### **🐬 Individual Stocks**

**1.** $XIAOMI-W(01810.HK)

Lei Jun, Chairman of Xiaomi Corporation, stated that since the release of Xiaomi YU7, media and users have given many positive reviews after test drives, and the number of orders has far exceeded expectations. A live broadcast will be held at 8 PM on July 2 to address some of the concerns. Xiaomi rose over 1% today.

**2\. Huawei**

Huawei announced the open-sourcing of the Pangu model with 7 billion dense parameters, the Pangu Pro MoE model with 72 billion parameters, and model inference technology based on Ascend. This is the first time Huawei has open-sourced the core capabilities of the Pangu large model, providing developers with powerful tools and platforms to lower development barriers and promote technological innovation and application. Additionally, open-sourcing helps enhance the influence and ecosystem completeness of the Ascend architecture, attracting more developers and enterprises to join the Ascend ecosystem and jointly promote the development of AI technology.

#### **🐬 Leading Sectors**

**Shanghai and Shenzhen:** Diversified Financial Services, Video Games and Multimedia, Trading and Payment Services;

**Hong Kong Stocks:** IT Consulting, Forest Products, Food Retailers;

**U.S. Stocks:** Footwear, Kitchenware, Consumer Electronics.

#### **🐬 Focus for Tomorrow**

**1.** China Caixin Manufacturing PMI;

**2.** U.S. S&P Global Manufacturing PMI Final, U.S. ISM Manufacturing PMI, U.S. Construction Spending Monthly Rate.

Risk Disclosure and Statement of this Article: [Dolphin Research Disclaimer and General Disclosure](https://support.longbridge.global/topics/misc/dolphin-disclaimer)

### Related Stocks

- [01810.HK - XIAOMI-W](https://longbridge.com/en/quote/01810.HK.md)
- [81810.HK - XIAOMI-WR](https://longbridge.com/en/quote/81810.HK.md)
- [HXXD.SG - Xiaomi HK SDR 2to1](https://longbridge.com/en/quote/HXXD.SG.md)
- [XIACY.US - Xiaomi Corporation](https://longbridge.com/en/quote/XIACY.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.