Chinese Companies Globalization Weekly | TikTok Shop standalone app launched in four Southeast Asian countries / Lingchuan Technology completes RMB 1 billion Series B financing
Headline News
Registration for the 2026 Dubai Airport Free Zone Beijing Exchange Event is Now Open
On November 20, the 2026 Dubai Airport Free Zone Beijing Exchange Event will be held in Beijing, helping Chinese enterprises understand the Dubai market and local business environment, and answering questions related to settling in the free zone. This event will focus on popular 2026 topics of concern to enterprises and the market, including expanding business to Dubai, overview and settlement guidance of Dubai Airport Free Zone, and overview of Chinese enterprises' expansion to the Middle East, and provide time and opportunities for on-site communication with institutional guests. Chinese enterprises that intend to expand into the Dubai and Middle East marketsclick "here" to register for this event. The organizer will screen the registered enterprises according to their relevance to the event theme, and the approved enterprises will be contacted by dedicated staff with the latest participation information.
Registration for the second phase of the "Diverse Landscape of Japanese Industries" event is now open
The second phase of the "Diverse Landscape of Japanese Industries" event will return to Shenzhen on December 3, where government representatives from Aichi, Ibaraki and Kanagawa will gather with Chinese enterprises in Shenzhen to share market opportunities and local settlement practices in Japan. Aichi Prefecture is one of the most representative manufacturing clusters in Japan; Ibaraki Prefecture gathers a large number of national-level scientific research institutions, universities and technology enterprises; Kanagawa Prefecture is one of the regions in Japan with a high degree of internationalization and a solid foundation of the technology industry. If you are planning to enter the Japanese market, looking for partners, building a local team, carrying out R&D verification or expanding customer base, you are welcome to scan the QR code below orclick "here" to sign up for this event!
Company Updates
TikTok Shop standalone app launches in four Southeast Asian countries, expanding live streaming and short video e-commerce
According to news on November 6, TikTok has launched a standalone TikTok Shop shopping app in Southeast Asia, which is now available on app stores in Singapore, Thailand, Malaysia and the Philippines, while not yet open in the UK and the US. This app provides interest-based personalized product recommendations, live streaming and short video-driven sales, exclusive app discounts, first-order benefits and free shipping activities, with built-in payment and order tracking functions and 24/7 customer service support. In September 2026, the total visits of TikTok Shop in six Southeast Asian countries reached about 462 million. (Ennews)
JD's acquisition of Germany's Ceconomy approved, continuing to increase investment in the European market
On November 3, the European Commission conditionally approved JD's acquisition of German consumer electronics retailer Ceconomy in accordance with the Foreign Subsidies Regulation. Since 2025, JD has continued to increase its layout in Europe. Last April, JD's European online retail business launched investment promotion for international brands and overseas expansion brands in the maternal and child and toy categories; in March 2026, JD launched the online retail brand Joybuy in Europe, covering the markets of the UK, Germany, the Netherlands, France, Belgium and Luxembourg; its self-owned logistics express brand JoyExpress also replicated JD's "211" time-efficient service to Europe. (Zhitong Finance)
Tencent Hunyuan Hy4 officially released, entering the top tier of open-source models for the first time
On November 4, Tencent Hunyuan released its latest generation of large language model Hy4, entering the top tier of open-source models for the first time. Compared with Hy4preview, Hy4 introduces visual understanding capability for the first time, and enhances comprehensive performance such as instruction following, long-text understanding, and long-range agent capability. In the Artificial Analysis Global Large Model Evaluation Platform Intelligence Index list, Hy4 ranks second among Chinese models out of 724 models; in the latest Agent Arena list, Tencent Hunyuan Hy4 ranks 13th on the overall list, taking the first place among global open-source models. (The Paper)
Tencent TenPay Global and Mastercard sign memorandum of cooperation on cross-border payment
On November 2, Tencent's cross-border payment platform TenPay Global and Mastercard announced the signing of a memorandum of cooperation, intending to strengthen cross-border payment interconnection and explore new applications such as agent payment. The two sides will combine Mastercard's global payment network and the WeChat Pay ecosystem to promote overseas digital wallets and banking applications to support QR code payment in Chinese mainland, and explore cooperation in fields such as remittance to the WeChat ecosystem and agent payment. (Securities Daily)
Chery sold 282,500 vehicles in October, with exports reaching 194,700 units
According to news on November 1, Chery Automobile released its October sales express, with the combined sales of its five major brands reaching 282,500 units, a year-on-year increase of 7.2%, of which exports were 194,700 units, and new energy vehicle sales reached 132,000 units. In the first three quarters, Chery has cumulatively sold 292,000 vehicles in 24 European countries, a year-on-year increase of 182%, of which new energy vehicles exceeded 146,000 units, a year-on-year increase of 251%. By the end of October, the total global car users of Chery Group exceeded 21.03 million, of which overseas users exceeded 7.59 million. (Autohome)
BYD's new energy exports doubled year-on-year in October, and BYD's Hungary plant is expected to be put into operation in the fourth quarter
According to news on November 5, BYD's total sales in October reached 490,000 units, a year-on-year increase of 11.0%; new energy vehicle exports in October reached 170,000 units, a year-on-year increase of 102.8%, accounting for 34.7% of the total monthly sales. BYD's Hungary plant is expected to be put into operation in the fourth quarter, which will improve the overseas supply guarantee capability. The company's overseas sales in the first three quarters reached 1,337,800 units, a year-on-year increase of 90.7%, and the annual overseas sales are expected to exceed 1.9 million units, with a year-on-year increase of more than 80%. (Zhitong Finance)
Dongfeng Liuzhou Motor announces the "15th Five-Year Plan" overseas plan, targeting cumulative sales of 1 million units
On November 1, at the Automotive Industry Overseas Expansion Mode Innovation and Development Conference, Wen Hua, Deputy General Manager of Dongfeng Liuzhou Motor Import and Export Co., Ltd., introduced the company's overseas layout and plan: for markets such as Central Asia, Africa and Latin America, Dongfeng Liuzhou Motor will develop natural gas-powered vehicle models; develop range-extended trucks for the Brazilian market; launch four power solutions including fuel, natural gas, pure electric and range-extended for right-hand drive markets such as Southeast Asia, East Africa and Australia. Dongfeng Liuzhou Motor plans to achieve cumulative overseas sales of 1 million units and a cumulative investment of 20 billion yuan during the "15th Five-Year Plan" period, and build 15 new factories on the basis of the existing 8 overseas factories, covering 12 major countries and radiating surrounding markets. (Auto Online)
CATL, Ampace and Octopus Energy sign memorandum to deploy smart home energy storage in Europe
According to news on November 4, UK energy company Octopus Energy, Ampace and CATL signed a strategic cooperation memorandum, and the three parties will jointly explore smart home energy storage solutions for the European market. Relying on CATL's technology and supply chain synergy, Ampace is responsible for the R&D and manufacturing of cells, BMS and energy storage systems; Octopus Energy, relying on its European end channels, introduces smart dynamic electricity price algorithms and virtual power plant access services, and the three parties prioritize the layout of markets such as the UK, France and Spain. (View News)
Anker Innovations' revenue increased by over 24% in the first three quarters, with overseas markets contributing over 90% of total revenue
According to news on October 30, Anker Innovations' operating revenue in the first three quarters of 2026 reached 26.14 billion yuan, a year-on-year increase of 24.36%; its non-recurring profit and loss deducted net profit attributable to shareholders reached 2.279 billion yuan, a year-on-year surge of 53.72%, with a gross profit margin of 48.44%. The revenue growth is mainly attributed to continuous market expansion, new product launches and expanded online and offline sales. The overseas market remains the company's main position, with overseas revenue reaching 24.791 billion yuan in the first three quarters, accounting for 94.84% of total revenue. (Ebrun)
Investment & Financing
Lingchuan Technology completes 1 billion yuan Series B financing to expand global market
According to news on November 4, Lingchuan Technology completed 1 billion yuan Series B financing, jointly led by Yizhuang State Investment Yitang Shenghe Fund, Qiming Venture Partners and Zhaohui Capital, with participation from Cathay Haitong Kaiyuan, Huakong Investment and others. The proceeds from this round of financing will be used for the R&D and mass production of next-generation AI video generation chips and global market expansion. Lingchuan Technology focuses on smart video chips, with nearly 100,000 units of SL 200 sold in total, applied to Kuaishou, Alibaba Cloud, Baidu Cloud, Bilibili and other platforms, covering 99.7% of Kuaishou's live transcoding. (Wall Street CN)
Observability Cloud completes nearly 100 million yuan Series A and Series A+ financing, with overseas revenue accounting for over 60%
According to news on November 3, Observability Cloud completed Series A and Series A+ financing, totaling nearly 100 million yuan. Series A is led by Fangguang Capital, with participation from Qianhe Capital and Changzhou Science and Education City; Series A+ sees Fangguang Capital continue to make additional investment. The funds from this round will be mainly invested in product R&D, AI capability building and overseas market expansion. The company's overseas revenue accounts for over 60%, its business has entered the Southeast Asian and African markets, and its customers cover banks in the Philippines and Indonesia, as well as large transportation enterprises in Singapore. (Zhitong Finance)
Natural Selection completes tens of millions of dollars Series A+ financing, funds to be used for global market expansion
According to news on November 5, Natural Selection has completed tens of millions of dollars Series A+ financing, with total accumulated financing exceeding 100 million dollars. The new round of investors include 5Y Capital, Qiming Venture Partners, Source Code Capital, Matrix Partners China and Huayetiancheng. The funds from this round will be used for large model iteration, multimodal interaction R&D and global market expansion. Natural Selection develops two products around the long-term relationship between humans and AI, namely the 3D AI companion EVE and the AI social product Elys. (Zhitong Finance)
Policy & Market
Global semiconductor sales reached 5.177 trillion US dollars in Q3 2026, with a quarter-on-quarter increase of 24.1%
According to news on November 4, the Semiconductor Industry Association (SIA) of the United States stated that according to data compiled by the World Semiconductor Trade Statistics Organization (WSTS), global semiconductor sales have achieved a quarter-on-quarter growth of more than 20% for three consecutive quarters, reaching 5.177 trillion US dollars in the third quarter of 2026, with a quarter-on-quarter increase of 24.1%. The Japanese market grew by 73.4%, and the Americas market grew by 191.7%. (CLS)
Global e-commerce revenue reached 522.4 billion US dollars in October 2026, with a quarter-on-quarter increase of 20.2%
According to news on November 6, global e-commerce revenue in October this year reached 522.4 billion US dollars, with a quarter-on-quarter increase of 20.2% and a year-on-year increase of 7.8%. This month hit the highest level in nearly 12 months, exceeding the two traditional peak months of November and December 2025. By market, the US led the growth with a year-on-year increase of 8.8%, followed by South Korea with 8.5%, China with 7.5%, Germany with 5.5%, and the UK with 5.3%. France grew by 3.5%, and the overall growth rate of Europe is slower than that of the US and Asia. By category, personal care grew the fastest by 9.4%, fashion by 7.7%, and furniture & home goods by 7.5%. (Ennews)
DRAM "super cycle" market revenue in Q3 2026 is close to 2000 billion US dollars
According to news on November 6, according to the latest Q3 2026 Global Storage Market Tracker report released by Counterpoint Research, driven by strong demand for AI accelerators and data centers and rising prices, DRAM revenue in the third quarter of 2026 increased nearly 5 times year-on-year. This quarter, DRAM bit shipments increased by about 4%, and the market revenue is close to 2000 billion US dollars, about 5 times that of the same period last year. (36Kr)
The central banks of China and Oman sign a 30 billion yuan bilateral local currency swap agreement
On November 2, the People's Bank of China and the Central Bank of Oman signed the "RMB/Omani Rial Bilateral Local Currency Swap Agreement" and the "Memorandum of Understanding on Strengthening Cooperation in Digital Payments and Central Bank Digital Currencies". Among them, the scale of the RMB/Omani Rial Bilateral Local Currency Swap Agreement is 30 billion RMB / 1.5 billion Omani Rial, with a validity period of 5 years. (Xinhua News Agency)
English Services
Service | KrASIA launches new English media service for Chinese overseas expansion enterprises
Against the current complex global economic landscape,