8:1 36Kr | Will the Zunjie SUV be manufactured by Seres? JAC Motors has responded; ByteDance has ushered in another 100 million-level blockbuster application; Meta rolls out the Muse Wonder AI model with "cutting-edge capabilities"
Is the Zunjie brand likely to abandon its SUV model plans?
Today's Hotspot Guide
- He Lifeng meets Tim Cook, Executive Chairman of Apple Inc.
- Wang Xingxing from Unitree Robotics: The biggest mistake he made in the past was not having enough faith in AI
- Kweichow Moutai regains the title of "Stock King" in the A-share market
- A car plunges off a 100-meter cliff with the owner surviving miraculously, Lynk & Co. issues a response
- A 46-year-old mathematics doctor enters the rich list by trading stocks with AI, earning more than 170 million yuan per day
- Trump proposes to rename the Pacific Ocean or the Atlantic Ocean to "Trump Ocean" or "American Ocean"
TOP 3 Major News
Will Zunjie SUV be produced by Seres? JAC Motors responds
Recently, rumors have spread in the market that the Zunjie ultra-luxury SUV project under Harmony Intelligent Mobility is planned to be transferred to Seres for production, and the Zunjie brand may abandon its SUV model planning. As soon as the news came out, the capital market responded quickly. As of the close of trading on October 12, Seres' A-shares were locked at the daily limit, while the share price of JAC Motors fell by 3.08% at the same time, with its market value dropping below 50 billion yuan. In response to the market rumors, according to a report by Yicai, an insider from JAC Motors said, "This is untrue information." As of press time, Seres has not yet made an official public response to the rumor. (Jiemian News)
ByteDance Sees Another Blockbuster Application With Over 100 Million Downloads
According to data from Sensor Tower, PineDrama, ByteDance's overseas short drama App, has accumulated more than 100 million downloads in about 9 months after its launch, with around 7 million daily active users. This product was launched in December 2025, targeting markets such as Brazil, the United States and Indonesia, and adopts the monetization model of free drama viewing plus advertising. It is the only new product that has been launched for less than one year among all the global short drama Apps with over 100 million downloads. AI helps reduce cost and improve efficiency in the short drama sector, and multiple institutions believe that the AI short drama track will maintain high prosperity. (CLS)
After 14 months of hard work, Meta launches the Muse Wonder AI model with "cutting-edge capabilities"
Meta said that after 14 months of intensive research, the brand-new Muse model has reached the cutting-edge echelon of the AI industry. Meta Platforms Inc. has released a brand-new artificial intelligence model named Muse Wonder, which the company describes as a major leapfrog upgrade over its previous generation models. This model is claimed to have "cutting-edge capabilities", and in scenarios such as code writing, processing financial or legal issues, it has been on a par with other leading models including OpenAI's ChatGPT and Anthropic PBC's Claude. Developers can currently access Muse Wonder through the Meta Model API and the Muse Code interface, and the model will soon provide underlying computing power support for the subscription version of Muse, Meta's personal AI assistant. (Financial Associated Press)
The Cutting Edge of AI
The UK Government Plans to Mandate Cutting-Edge Artificial Intelligence Enterprises to Report Security Risks and Accept Monitoring
On October 12, it is reported that the UK government is formulating plans to require cutting-edge artificial intelligence enterprises to mandatorily submit security reports and accept monitoring. Kanishka Narayan, Minister of State for AI of the UK, stated that enterprises developing AI models with increasingly powerful capabilities that can perform tasks autonomously must take more measures to address risks and improve safety guarantees. Narayan also warned that the government is prepared to strengthen the regulation of the rapidly developing AI technology through legislation. The UK government hopes to boost economic growth with the support of AI while coping with the potential risks it brings to national security and employment. (Jiemian News)
OpenAI Boosts Default Context Length of GPT-6.1 Sol and Removes Long-Text Surcharges
OpenAI recently announced that it has raised the default context length of the GPT-6.1 Sol model from 272,000 tokens to 500,000 tokens, which is applicable to Codex and ChatGPT Work. This adjustment came into effect on October 11, 2026, less than two weeks after the model was released. This upgrade means users can obtain an extra 228,000 tokens of processing space without adjusting any settings. GPT-6.1 Sol supports a maximum context window of 1,050,000 tokens, with an input cap of 922,000 tokens and an output cap of 128,000 tokens, and users can manually increase the limit as required.
Meanwhile, OpenAI has scrapped the long-text additional fees for GPT-6.1 Sol subscribers. Previously, extra fees were required for using ultra-long context. After the new regulation takes effect, subscribers can use larger context as needed without bearing any additional costs. (PingWest)
Microsoft President Says AI Is Less Regulated Than A Carton Of Milk
On local time October 12, Brad Smith, Vice Chairman and President of Microsoft, said in an interview that the current safety regulation of AI is less stringent than that of common daily commodities such as washing machines and milk, calling for the establishment of globally unified AI regulatory rules. He suggested that AI should be equipped with an "emergency brake" mechanism: when AI gets out of control, the affected parties must be notified, enterprises need to submit accident reports, and independent institutions shall conduct reviews on new technologies. Smith is optimistic about the UK leading AI regulation, and recognizes the assessment model of the country's AI Safety Institute, which is different from the mandatory regulatory path of the EU AI Act. However, calls for strengthening AI regulation are also controversial, with some views questioning that tech giants aim to consolidate their own industry advantages through such rules. Recently, companies including OpenAI and Anthropic have also disclosed cases of abnormal out-of-control of AI agents. (CLS)
Big Companies / Major Events
He Lifeng Meets with Tim Cook, Executive Chairman of Apple Inc.
He Lifeng, Member of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of the State Council, met with Tim Cook, Executive Chairman of the U.S. Apple Inc. at the Great Hall of the People on the afternoon of October 12. He Lifeng pointed out that delivering the consensus reached by the two heads of state and building a "China-U.S. constructive and strategically stable relationship based on respect, fairness and reciprocity" is conducive to the economic stability and development of the two countries and the whole world, and will provide stable expectations and a favorable business environment for multinational enterprises. Technology enterprises from all countries including Apple are welcome to continuously deepen mutually beneficial and win-win cooperation with China to share the development opportunities brought by the Chinese path to modernization. Tim Cook noted that Apple is fully confident in its long-term development in China, will give full play to its role as a communication bridge in the business community, and contribute more to promoting the stable and sound development of U.S.-China economic and trade ties. (Xinhua News Agency)
Robert E. Hall and Michael Woodford Win the 2026 Nobel Prize in Economic Sciences
The Royal Swedish Academy of Sciences announced on the 12th that Robert E. Hall and Michael Woodford have been awarded the Nobel Prize in Economic Sciences, in recognition of their development of new macroeconomic models that have significantly improved the capacity to implement effective stabilization policies. Based on these models, timely fiscal and monetary policy measures can reduce economic peaks and troughs. (Cailian Press)
Wang Xingxing from Unitree Robotics: The biggest mistake I made in the past was not believing enough in AI
On October 12, during the in-depth dialogue session at the opening ceremony of the 26th China International Industry Fair, Wang Xingxing, founder of Unitree Robotics, shared that the recent release of GPT-6 has exerted a huge impact on the public perception of the embodied intelligence industry. The company's team has also deployed it to robots to conduct task tests, and the performance is fairly good. In his view, the critical point of the embodied intelligence industry will arrive relatively soon, and if the development goes smoothly, it may even come in one or two years. Wang Xingxing noted that to realize the large-scale application of robots, problems concerning generalization and efficiency still need to be solved, and these problems will be addressed in the next few years. He also mentioned, "Now my personal belief in AI is growing day by day. The biggest mistake I have made in the past more than ten years is that I did not trust AI enough. Up to now, many people may not have made full use of or embraced AI." (Yicai)
Kweichow Moutai regains the title of "King of Stocks" in the A-share market
36Kr has learned that on the afternoon of October 12, Kweichow Moutai, the leading liquor enterprise, rose by nearly 2% during intraday trading. Its stock price overtook Linktron Instruments, regaining the throne of "King of Stocks". Its closing price was 1288.00 yuan, up 25.00 yuan from the previous day, with an increase of 1.98%. Linktron Instruments is currently down by more than 7%, its total market value has fallen below 200 billion yuan, and it has dropped by over 31% from its historical high on June 25, 2026.
Bawangchaji will distribute 13.5 million yuan in rewards to its store employees
Bawangchaji has issued an internal thank-you letter to all its stores across the country, acknowledging the dedication and service of frontline employees, and announced that a total of 13.5 million yuan in special rewards will be issued. Among the total fund, 3.5 million yuan is used as the team building fee for partners, and 10 million yuan is the special incentive red envelope for partners. The rewards will be delivered to the store employees who participated in the support of this event as soon as possible. On October 12, to celebrate that Zheng Qinwen, the global brand spokesperson of the brand, won the women's singles championship of the China Open, the brand launched a buy-one-get-one-free campaign for all product categories. The campaign sparked a consumption boom, the official mini-program encountered access failures and hit the hot search list. Orders piled up in many stores across the country, and the scenes of store employees working under overloaded conditions sparked extensive discussions on social platforms. (China New Finance & Economics)
Private equity tycoon Liang Hong lashes out: The buy-high sell-low operations of large institutions are truly puzzling
According to information from China Securities Journal and CLS, on October 11, Liang Hong, founder of Xiwa Asset and a private fund manager managing assets worth over 10 billion yuan, released his weekly report. The Sci-Tech Innovation 50 Index saw a decline of more than 13% from September 23 to the midday trading session on October 12. He believes that this round of correction in the AH tech sector comes from the capital side rather than the fundamental side. The fundamentals of the AI industry have not deteriorated, leading to a market divergence where US tech stocks hit new highs while domestic tech stocks are falling. Liang Hong stated directly that some insurance asset management institutions bought a large number of tech stocks at high levels in July, and sharply reduced their positions to stop losses in late September, expressing confusion over such buy-high sell-low operations of large institutions. He revealed that the funds under his management have retreated by more than 20% from the high point in June, he has liquidated small positions including US-listed memory chip stocks, retained part of his positions in US-listed wafer manufacturing stocks, and increased positions in Hong Kong-listed internet stocks, wafer manufacturing stocks and high-quality A-share tech stocks. He will stick to the tech track, will not follow the trend to buy bank stocks, and will launch a new round of self-purchase if the net value continues to decline. Xiwa Asset has completed a total self-purchase of 62.4 million yuan in July this year. (China Securities Journal, CLS)
The export VAT rebate rate for new energy vehicles will be lowered to 9%
The Ministry of Finance and the State Taxation Administration have issued an announcement on adjusting the export tax rebate policy for certain products.
I. Starting from April 1, 2027, the export VAT rebate rate for new energy vehicles will be reduced from 13% to 9%. II. Starting from April 1, 2027, the export VAT rebate for products such as e-cigarette equipment and devices will be cancelled. III. For products subject to consumption tax among the aforesaid products, the export consumption tax policy will remain unchanged, and the consumption tax rebate (exemption) policy will continue to apply. IV. The applicable export rebate rate for the products specified in this announcement shall be determined based on the export date stated on the export goods declaration form. (CLS)
Chery Automobile Releases Statement on the OMODA 5 Vehicle Issue in Malaysia
On the evening of October 11, Chery Automobile released a note that a 2023 OMODA 5 unit in Malaysia encountered a vehicle malfunction, and no people were injured. After investigation, the local welding strength of the longitudinal arm of the rear axle of the involved batch of vehicles is insufficient, and the weld seam may tear under extreme conditions. This model has been discontinued. A total of 8878 vehicles will be recalled locally for free inspection and part replacement. Chery has also launched a special risk investigation for the same batch of models in the domestic market and other overseas markets. (China Finance News)
Car plunges off 100-meter cliff with car owner surviving miraculously, Lynk & Co responds
According to the news of October 12, a new energy vehicle of Lynk & Co recently drove off the road in Gulin County, Luzhou, Sichuan Province and fell to the bottom of a cliff with a vertical drop of nearly 100 meters. It is learned that after multiple rolls and collisions, the driver only suffered a thoracic fracture and is out of life danger. The footage circulating online shows that the vehicle's airbags deployed, the A/B/C pillars remained undeformed, and the doors could still be opened normally. Most notably, the battery did not smoke or catch fire after the multiple rolls. Lynk & Co responded earlier today that after receiving the accident alert via its rescue system, the Chengdu outlet contacted the car owner immediately to inquire about their needs and provide consolation. It is also known that the regional team of Lynk & Co arranged staff to drive over 100 kilometers to the hospital near the accident site to take care of the car owner until their family members arrived. At present, the specific cause and detailed process of the accident are still under further investigation and verification by the local traffic police department. (Bianews)
Volkswagen CEO Calls on German and French Carmakers to Unite to Tackle Challenges from Chinese Auto Brands
According to the news on October 12, Oliver Blume, CEO of Volkswagen Group, proposed on the eve of the Paris Motor Show that German and French automakers should strengthen cooperation to jointly cope with competition from Chinese car enterprises. Data shows that Chinese brands took up nearly 12% of the new car market share in Europe in August this year, hitting a record high. Volkswagen is pushing forward its reform plan, which plans to cut a total of 100,000 jobs and streamline its vehicle model business. On the same day, the Ministry of Commerce of China introduced that three basic principles have been reached in the China-EU consultation on hybrid vehicles. (Jiemian News)
Apple: Expanding Production Capacity of iPhone Duo
According to The Paper, on the eve of the pre-sale of Apple's first foldable smartphone iPhone Duo, senior executives of Apple visited China again to inspect the supply chain. On October 11, Sabih Khan, Chief Operating Officer (COO) of Apple, arrived at the Foxconn Science and Technology Park in Zhengzhou, Henan, to visit the key manufacturing processes of the iPhone Duo production line, the production line of the rear camera module for iPhone 18 Pro, the anodizing workshop for the appearance middle frame and the smart manufacturing workshop for SoC chip-level surface sputtering. When asked about the production capacity preparation of iPhone Duo, Sabih Khan said that the team has been pushing forward the manufacturing development for this innovative product, and is now expanding the production scale in line with Apple's consistent high-quality standards. (The Paper)
CICC: The listing of Dongxing Securities and Cinda Securities will be terminated on October 19
36Kr learned from the announcement of CICC that the company plans to issue A-shares to absorb and merge Dongxing Securities and Cinda Securities through share swap. Dongxing Securities and Cinda Securities have obtained the delisting approval from the Shanghai Stock Exchange, their listing will be terminated on October 19 and they will not enter the delisting arrangement period. After the delisting, the shares held by original shareholders will be converted into A-shares of CICC according to the share swap ratio.
Chief Executive of Hong Kong Exchanges and Clearing: Actively studying the extension of night trading hours for derivative products
Nicole CHAN, Group Chief Executive Officer of Hong Kong Exchanges and Clearing Limited, has published the latest issue of the CEO's Blog. It is worth noting that Nicole CHAN's remarks this time carry a large volume of information, which includes launching consultations on optimizing the listing regimes for specialist technology companies and the GEM board, attracting more international enterprises to conduct primary or secondary listings in Hong Kong, and working with mainland partners on preparations for including Real Estate Investment Trusts (REITs) into the Shanghai-Shenzhen-Hong Kong Stock Connect and including RMB-denominated stock counters into the Hong Kong Stock Connect. The exchange is actively studying the extension of night trading hours for derivative products. As for extending the trading hours of the stock market, Hong Kong Exchanges and Clearing will start by leading relevant market discussions to find a solution that is acceptable to all parties in the market. (Securities Times)
46-year-old Mathematics PhD Enters the Rich List via AI Stock Trading, Earning More Than 170 Million Yuan Per Day
On October 11, according to the Sunday Times Rich List 2026 of the UK cited by Securities Times, 46-year-old mathematics PhD Alex Gerko ranks 8th on the list. He founded XTX Markets to build an AI trading system for market-making transactions, with total assets of 16.006 billion pounds, equivalent to about 141.7 billion yuan. His wealth increased by about 64.3 billion yuan in the past year, with an average daily appreciation of over 170 million yuan. The company has only more than 250 employees and no traditional traders. There are already institutional AI quantitative trading tools in China, but a large number of online "AI stock trading magic tools" are mostly false propaganda, and many bloggers profit from selling courses by hyping this gimmick. Regulators have warned that AI investment advisory has risks such as model hallucinations and algorithm homogenization. (Securities Times)
The probability that the Federal Reserve will keep interest rates unchanged in October stands at 79.5%
According to CME "FedWatch", the probability that the Federal Reserve will hold interest rates steady by October is 79.5%, while the probability of a cumulative 25 basis point rate hike is 20.5%. By December, the probability that the Federal Reserve will keep interest rates unchanged is 12.4%, the probability of a cumulative 25 basis point rate hike is 70.3%, and the probability of a cumulative 50 basis point rate hike is 17.3%. (Jiemian News)
Trump Proposes Renaming the Pacific or Atlantic Ocean "Trump Ocean" or "American Ocean"
Citing a report from the U.S. Washington Post on October 10, Reference News reported that Trump proposed at a rally in Tennessee that he is considering renaming the Atlantic Ocean or the Pacific Ocean, with alternative names being "Trump Ocean" or "American Ocean", hoping to name an ocean and a large river before leaving office. Previously, he renamed the Gulf of Mexico to the "Gulf of America", which triggered diplomatic tensions between the United States and Mexico, and also led to a dispute with The Associated Press over the use of the name. (CLS)
Super El Niño Hits Coffee Market
Recently, the topic of "Super El Niño has formed" has topped the trending search list. The report from the Food and Agriculture Organization of the United Nations shows that the FAO Food Price Index rose to its highest level in nearly four years in September. Experts pointed out that the hardest-hit areas of climate shocks are concentrated in tropical cash crops, which are ranked by the probability of being affected as: cocoa, Robusta coffee, palm oil, and sugar. Most tropical cash crops are perennial tree species with weak resistance to short-term climate disturbances. The upward price pressure will also be gradually transmitted to the downstream food and oil processing industries. (CCTV Finance)
Rubber prices hit a 9-year high, leading stock hits the daily limit during intraday trading
On the afternoon of October 12, the agricultural sector rallied. Hainan Rubber, the leading natural rubber enterprise, touched the daily limit during intraday trading, with its closing gain narrowing to 4.19%, and many agricultural stocks surged higher simultaneously. Affected by the super strong El Niño event, the main rubber futures contract of the Shanghai Futures Exchange once stood at 21,000 yuan/ton, hitting a new high since February 2017. El Niño tends to cause drought in major rubber producing areas in Southeast Asia, affecting global rubber supply. (21st Century Business Herald)
The three major U.S. stock indexes closed mixed, with Meta up over 3%
36Kr learned that at the close of trading on October 12, the three major U.S. stock indexes closed mixed: the Dow Jones Industrial Average rose 0.38%, the Nasdaq Composite Index fell 0.44%, and the S&P 500 Index dropped 0.06%. Large-cap tech stocks closed mixed: Meta gained more than 3%, Apple and Microsoft rose over 1%, while Netflix and Google posted slight gains. SanDisk fell more than 5%, NVIDIA, Amazon and Tesla dropped over 1%. Most popular Chinese concept stocks traded lower: NIO was down more than 3%, XPeng Inc. fell over 2%, Li Auto, Bilibili, JD.com, Futu Holdings and Baidu dropped more than 1%. Dingdong Maicai rose over 5%, and Miniso gained more than 1%.
IPO in Progress
Nexchip Semiconductor: The company's shares will be listed on the ChiNext Market on October 13
36Kr learned from the announcement released by Nexchip Semiconductor on October 11 that the RMB ordinary shares issued by the company will be listed on the ChiNext Market of the Shenzhen Stock Exchange on October 13, 2026. The issue price is set at RMB 12.01 per share. The total share capital after issuance is 2.878 billion shares (prior to the exercise of the over-allotment option), and the total number of publicly offered shares is 513 million, all of which are newly issued shares.
Investment and Financing
DeepSeek plans to lead the investment in a robotics AI startup founded by former Tencent scientists, with an estimated valuation of around 400 million US dollars
DeepSeek plans to lead the first round of financing of a robotics AI startup established only a few months ago that focuses on robotics AI development, using the proceeds from its own financing of more than 12 billion US dollars to bet on one of the fastest-growing segments in the technology industry. According to people familiar with the matter, this Hangzhou-headquartered AI research institution has agreed to lead the multi-tens-of-millions of US dollar seed round financing of WinverseAI. People familiar with the matter said that this not-yet-public startup was founded by former Tencent scientists, and has also obtained investment commitments from other investors including Long-Z Investments under Meituan, with a post-money valuation of about 400 million US dollars. People familiar with the matter stated that this transaction has not been finalized, and details including valuation and investor participation are still subject to change. (Sina Finance)
"Mosi Intelligence" Completes Pre-A Round Financing of Over 1 Billion RMB
On October 12, Mosi Intelligence officially announced that it has completed the Pre-A round of financing with a total scale of more than 1 billion RMB. This round is led by Huakong Fund, and the main investors include China Development Bank Sci-Tech Innovation, Shanghai Sci-Tech Innovation Fund, Xinwei Capital, Xuhui Capital, Zhuguang Hard Tech Venture Capital, Lingang Ceyuan Fund, etc. Existing shareholders including Yuanhe Holdings, Shanghai Sci-Tech Innovation Group under Shanghai State Investment, and Xinglian Capital continued to make follow-on investments. Duowei Capital acts as the exclusive financial advisor for this round and long-term cooperation. The funds raised in this round will be used to promote the R&D and capacity building of full-modality real-time interactive intelligence, as well as its global commercial implementation. After this round of financing, Mosi Intelligence will continue to invest in "full-modality real-time interactive intelligence" and AI for AI.
Nuclear fission enterprise "Azure Fulcrum" completes RMB 200 million Pre-A+ round financing
36Kr has learned that recently, nuclear fission enterprise "Azure Fulcrum" has officially closed its Pre-A+ round of financing totaling RMB 200 million. This round is co-led by Yunjiu Capital and Geely Capital, with co-investment from Oriental Jiafu, C Capital and Minjin Investment. Existing shareholders Lightsail Venture Capital, CDH Investments and a financial institution continue to make over-allocated additional investments, while Yuefeng Capital serves as the exclusive financial advisor. The company focuses on the water-cooled SMR technical route. The funds raised in this round will be mainly used to advance the R&D and commercial implementation of small reactor products, expand the core team, and aim to build a new generation of modular nuclear energy solutions for the global market.
"Ola Wanjia" completes financing of several hundred million yuan in the Angel Plus round
Recently, "Ola Wanjia" has closed a financing of several hundred million yuan in its Angel Plus round, with joint investment from Chengyuanxiang Fund, Xineng Venture Capital, Xizhou International, Topband, Hony Capital and other institutions, and Zhiguan Capital acts as the exclusive financial advisor. It is understood that Ola Wanjia was founded by Zhou Shunbo, former Huawei Genius Young and the first employee in Huawei's embodied intelligence business. More than half a year after its establishment, the company has built the Real-world RSI system for household service robots, and released UniWAM, the phased achievement following the Action-Native Foundation Model roadmap, to explore the path of enabling robots to achieve continuous improvement from feedback in real scenarios.
GigaDevice: It has cumulatively repurchased 2.7178 million shares, with the total repurchase amount reaching 1.035 billion yuan
36Kr learned from the announcement issued by GigaDevice that up to now, the company has cumulatively repurchased 2.7178 million shares via centralized bidding trading, accounting for 0.39% of the company's total share capital. The highest repurchase price is RMB 411.95 per share, the lowest repurchase price is RMB 308.99 per share, the average repurchase price is RMB 380.71 per share, and the total paid amount is RMB 1.035 billion (excluding transaction fees). According to the repurchase plan, the company intends to use its own funds ranging from RMB 1 billion to RMB 2 billion for share repurchase, and the repurchase price shall not exceed RMB 750 per share. All the repurchased shares will be used for cancellation to reduce the registered capital of the company.
Seres: Total repurchased shares have reached 17.5357 million, with a total repurchase amount of 983 million yuan
36Kr has learned from the announcement of Seres that as of October 12, 2026, the company has cumulatively repurchased 17.5357 million shares through centralized bidding trading, accounting for about 1.01% of the total share capital. The highest repurchase price is 91 yuan per share, the lowest repurchase price is 43.99 yuan per share, and the total repurchase amount is 983 million yuan. The estimated repurchase amount of this repurchase plan ranges from 1 billion yuan to 2 billion yuan, and the repurchased shares will be used for share cancellation to reduce the registered capital.
Major Corporate Earnings Reports
Lianxun Instruments: Its net profit for the first three quarters is expected to range from 1.90 billion yuan to 2.10 billion yuan, representing a year-on-year increase of 1866% to 2073%
36Kr learned from the announcement of Lianxun Instruments that the net profit attributable to shareholders of the listed company for the first three quarters of 2026 is expected to be between 1.90 billion yuan and 2.10 billion yuan, with a year-on-year growth of 1866% to 2073%. The performance change is mainly driven by the rapid development of artificial intelligence technology, the continuous rise of global computing power demand, the accelerated progress of data center construction, and the fast-growing market demand in the high-speed optical communication sector, which promotes the sales growth of the company's communication testing instrument products and optoelectronic device testing equipment products.
China Northern Rare Earth: Its net profit for the first three quarters is expected to increase by 135%-139% year on year, and the prices of major rare earth products generally show a trend of high-level fluctuation
According to 36Kr, China Northern Rare Earth released an announcement that its net profit attributable to the owners of the parent company for the first three quarters of 2026 is estimated to be 3.62 billion yuan to 3.68 billion yuan, with a year-on-year growth of 134.95% to 138.84%. The performance change is mainly attributed to the high and volatile prices of major rare earth products, the company's strengthened efforts in cost reduction and efficiency improvement, optimized sales strategies, and the continuous release of synergistic advantages across the entire industrial chain.
Cool Products
Tesla Roadster is about to be released, market rumors say it is equipped with a levitation flight function
According to Kechuang Daily, Tesla's second-generation Roadster sports car will be released on October 15, and market rumors claim that the vehicle has a levitation flight function. Investment professional Ross Gerber believes that the levitation feature is just a gimmick with low practicality and high cost, and it is expected that only a few hundred units of this car will be produced in limited quantities. He pre-ordered the prototype in the early years, but will not participate in this pre-order due to long-term repeated delays, and suggested that Tesla should focus on launching low-priced mass-market electric vehicles. (Kechuang Daily)
Mark Gurman: Apple to Unveil Smart Home Hub HomeView, Partner with LG to Improve Its Product Lineup
Renowned tech journalist Mark Gurman stated in his article that Apple plans to release a new generation of smart home products on October 13, including the HomeView smart home hub equipped with A18 chip and a built-in display, the new HomePod mini with S10 chip, and the Apple TV with A19 chip. HomeView has two versions for desktop placement and wall mounting, which is expected to hit the market in mid-November; the latter two products are scheduled to go on sale on October 30. Gurman said that Apple is also cooperating with LG Electronics to develop devices including smart doorbells, door locks, thermostats and security cameras, and plans to launch these products under the "Apple Home Collection" brand. The related products are expected to be available as early as later this year. (Financial Associated Press)
Samsung Electronics is developing three types of z-NAND flash memory
Industry insiders revealed that Samsung Electronics is expanding the application scope of its next-generation NAND flash memory product "zNAND", and is initially developing three types of z-NAND flash memory. In addition to the recently released z-NAND-O, it also includes z-NAND-T and z-NAND-I. Samsung Electronics first demonstrated the prototype of z-NAND-O at a memory-related event held in the United States in August last year. (Sina Finance)
NBA Plans to Launch Chip-Embedded Basketball Next Year
On October 12, according to Titan Sports, NBA Commissioner Adam Silver revealed that the NBA is collaborating with Wilson to develop a smart basketball with a built-in chip. The chip weighs only 1 gram and is expected to be officially put into use in matches as early as next year to assist referees in making calls. This type of basketball has already been tested in the NBA G League and the Summer League, and players cannot distinguish between ordinary basketballs and chip-embedded basketballs. The chip can capture the rotation changes of the basketball, helping referees judge controversial calls such as out-of-bounds touches and goaltending. In addition to official match scenarios, the future version for ordinary consumers can also collect data including shooting arc and ball rotation, and generate charts to help players optimize their shooting movements. Furthermore, the league is also piloting wearable devices worn on referees' wrists, which are used for fast communication with the replay center and will not be adopted in regular season matches for the time being. Similar built-in chip technology has long been applied in UEFA European Football Championship matches. The relevant AI-assisted refereeing system belongs to a semi-automatic system, and the final ruling is still made by human referees. (Titan Sports)
Compiled by | Li Qi