8:01 AM | Musk's net worth surges, firmly remaining the world's richest person; The price of gold jewelry returns to the 700-yuan range; In October, the number of new individual A-share accounts in China reached a 9-year high.

Listing in Progress

Bada Optoelectronics

Recently, the listing application of Yueqing Bada Optoelectronics was approved, and it was listed on November 7, 2024. The announcement shows that the operating incomes of Bada Optoelectronics in 2022 and from January to December 2023 were 652 million yuan and 656 million yuan respectively, and the net profits were 20.7034 million yuan and 53.6973 million yuan respectively. Bada Optoelectronics was established in 2012, and its main business is the research and development, manufacturing and sales of high-voltage electrical system components for new energy vehicles. The company's main products include new energy vehicle wiring harnesses, charging and discharging products, and high-voltage connectors, etc. (Flush Finance)

Rieger Technology

Recently, Zhejiang Rieger Technology's listing application has been approved, and it will be listed on November 7, 2024. The announcement shows that Rieger Technology's operating income in 2022 and from January to December 2023 is 238 million yuan and 435 million yuan respectively, and the net profits are 17.8938 million yuan and 53.8668 million yuan respectively. Rieger Technology was established in 2010 and is a provider of conveying and sorting equipment, providing products such as double-chain roller conveyors, carbon steel double-chain curve conveyors, and multi-wedge belt curve conveyors. (Flush Finance) 

TOP3 Big News

Elon Musk's Net Worth Soars, Firmly Holding the Title of the World's Richest Person

According to comprehensive reports from US media, after the Republican presidential candidate Donald Trump secured the victory in the 2024 US presidential election, the assets of the well-known American entrepreneur and Tesla CEO Elon Musk have increased significantly, firmly holding the position of the world's richest person. It is reported that Musk's net worth has increased by approximately $20 billion, with about $13 billion of the increase coming from the significant rise in Tesla's stock price. Musk is reported to have donated nearly $120 million to Trump's campaign. (Cover News)

The Price of Gold Jewelry Returns to the "7" Figure

On November 6, the international precious metal market continued to decline, with spot gold plummeting nearly 3% and falling below $2,660 per ounce. On November 7, the prices of gold jewelry in major domestic brand gold stores also dropped accordingly. Chow Tai Fook's pure gold jewelry is quoted at $799 per gram, a decrease of $13 compared to the previous day; Lao Miao Gold is quoted at $795 per gram, a significant drop of $16 per gram; Chow Sang Sang is quoted at $800 per gram, a decrease of $11 per gram. (The Paper)

The Number of Newly Opened A-share Individual Accounts in October Reached a 9-Year High

Reporters have learned from the latest official information that the number of new individual investor accounts for A-share in October reached 6.8397 million, setting a new high since June 2015 and ranking the third highest in history. As of October, the cumulative number of individual investor accounts for A-share exceeded 365 million. From the historical data, 6.8397 million also exceeded the total number of new accounts opened from May to September this year. At the same time, it also set a new high since June 2015, ranking the third in the history of A-share's monthly new accounts. The top two occurred during the market peak in the second quarter of 2015. From April to June 2015, the monthly number of new accounts for A-share was 7.2 million, 6.74 million, and 7.12 million respectively.

Meanwhile, the new account opening for funds is also booming. In October, the cumulative number of new fund accounts reached 546,500, exceeding the total number of new accounts opened from July to September. Since September 24, A-share has risen strongly, and the new account opening market has also been ignited. Many securities companies have witnessed the phenomenon of queuing for account opening. Especially around the National Day, account opening has become one of the hottest keywords in the securities industry. Reporters have learned from the inside of many securities companies that the number of new accounts of many securities companies has reached the hundreds of thousands level. (Securities Times) 

Big Companies / Big Events

Several Senior Executives of NetEase Games Reportedly Taken Away for Investigation

Fenghuangwang Technology has exclusively learned that recently, NetEase Games has been strictly investigating corruption within the company, involving multiple senior executives in the marketing line. Xiang, the general manager of the marketing department of NetEase Games, and others have been taken away for investigation. "The incident is still in its early stages, and it will take some time for the results to come out," said an internal NetEase employee. "The marketing department is large, with multiple departments such as the channel center and the marketing department under it." It is understood that most of the executives taken away are from the marketing department. In an internal industry communication group, there is news that the investigation involves an amount of over 100 million yuan. Public information shows that Xiang graduated from Fudan University with a bachelor's degree in 2008 and joined NetEase in 2013. He was once responsible for the marketing of mobile games such as "Wilderness Action Plus", "Minecraft", and "Decisive Battle! Ping An Jing". According to another NetEase employee, in recent years, NetEase has been strictly investigating corruption within the company, especially conducting multiple investigations on situations such as "accepting bribes from suppliers by taking advantage of job convenience", usually together with external suppliers. "Previously, the company would also notify the entire group about typical cases." (Fenghuangwang Technology)

Li Ming, Vice Chairman of the China Securities Regulatory Commission: As of the end of October, the number of stocks eligible for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect is 2,788, and their market value accounts for more than 90% of the total market value of the A-share market.

36Kr has learned that according to the official WeChat account of the Shanghai Stock Exchange, Li Ming, Vice Chairman of the China Securities Regulatory Commission, said in his speech at the 2024 Shanghai Stock Exchange International Investors Conference that in terms of market opening, on the investment side, the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect mechanism has been improved, the scope of trading targets has been expanded, the trading calendar arrangement has been optimized, the entry conditions for qualified foreign institutional investors have been continuously relaxed, the investment scope has been expanded, and the convenience for foreign capital to participate in A-share investment has been enhanced. Foreign capital continues to flow into the A-share market through QFII and the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. As of the end of October, the number of stocks eligible for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect is 2,788, and their market value accounts for more than 90% of the total market value of the A-share market. On the financing side, the supervision system for overseas listings of enterprises has been improved to keep the overseas listing channels unobstructed. As of the end of October, the filing for the initial public offerings of 195 enterprises overseas has been completed.

Qiu Yong, Chairman of the Shanghai Stock Exchange: We will accelerate the construction of the investment side and actively encourage all kinds of medium and long-term funds to allocate assets through indexed investment methods.

36Kr learned that, according to the official WeChat account of the Shanghai Stock Exchange, Qiu Yong, Chairman of the Shanghai Stock Exchange, delivered a speech at the 2024 Shanghai Stock Exchange International Investor Conference. He said that in the next step, we will continue to improve the quality and investment value of listed companies, support listed companies to make good use of policy tools, and encourage listed companies to deepen the action of "Improving Quality, Increasing Efficiency and Focusing on Returns". We will accelerate the construction of the investment side, actively encourage all kinds of medium and long-term funds to allocate assets through indexed investment methods, and accelerate the cultivation of an indexed investment ecosystem dominated by rational investment, value investment and long-term investment.

The People's Bank of China has suspended increasing its gold holdings for the sixth consecutive month

36Kr learned that data from the People's Bank of China shows that China's gold reserves at the end of October reported 72.80 million ounces (approximately 2,264.33 tons), remaining the same as the previous month, and it has suspended increasing its gold holdings for the sixth consecutive month.

China Securities Depository and Clearing Corporation Limited: The Unified Account Platform and Identity Information Verification System will suspend external services for the entire day on November 9.

36Kr has learned that China Securities Depository and Clearing Corporation Limited has issued a notice. Due to the technical system test, the company's Unified Account Platform and Identity Information Verification System will suspend external services for the entire day on November 9, 2024. All data interacting with the Unified Account Platform and Identity Information Verification System on November 9, 2024, are test data, which are only for the technical system test and not the basis for business processing.

The Ministry of Commerce Responds to the Possibility of the US Continuing to Impose Tariffs on China: Willing to Strengthen Communication, Expand Cooperation, and Resolve Disputes with the US

On November 7, the Ministry of Commerce held a regular press conference. The spokesperson of the Ministry of Commerce, He Yongqian, stated that China is willing to, in accordance with the principles of mutual respect, peaceful coexistence, and win-win cooperation, strengthen communication, expand cooperation, and resolve disputes with the US, to jointly promote the China-US economic and trade relations towards a stable, healthy, and sustainable direction, bringing better benefits to the two countries and the world. (Jiemian News)

Bee & Flower Apologizes for Inappropriate Graphics and Text in the "True and False Best Friends" Post 

On November 7, the topic of Bee & Flower's "true and false best friends" became a trending topic. Previously, some netizens posted that its advertisement seemed to belittle women. The screenshots showed that the official Xiaohongshu account of Bee & Flower posted a post with the title "See Clearly What Are True and False Best Friends" on November 6. In the comment area of the trending topic, many netizens commented that this post of Bee & Flower was "inappropriate" and "promoting incorrect values". The reporter found that this post is no longer visible on Xiaohongshu, but a large number of consumers flocked to the comment area of Bee & Flower's account and demanded an apology in other posts. Then the official Weibo released a statement: We sincerely apologize for an inappropriate graphic and text content recently posted under the Bee & Flower account. This incident fully exposes that there are serious loopholes in our content control and review process. We have immediately initiated a comprehensive rectification program. Currently, the inappropriate graphic and text have been deleted, and the operation of this account has been seriously rectified. Bee & Flower has always advocated the values of equality, freedom, and respect. (Xiaoxiang Morning News)

The Dynamic Island of iPhone will show the file download progress 

On November 6, the upcoming iOS 18.2 system of Apple will bring a practical small feature update for users: extending the Live Activities feature to Safari browser download tasks. This means that users can track the file download progress in real-time on the iPhone lock screen interface or in the Dynamic Island of iPhone 14 Pro and above models. It is understood that iOS 18.2 is still in the testing stage and is expected to be officially released in December this year. (IT House)

Wahaha: This year, a total of nearly 100 million yuan in rewards has been distributed to distributors with outstanding performance in terms of business growth, and the overall income of sales personnel has increased by 30%.

At the Wahaha Group's 2024 sales meeting held on November 7, the company disclosed that in 2024, Wahaha has reached the business scale it had ten years ago. This year, Wahaha has distributed a total of nearly 100 million yuan in rewards to distributors with outstanding performance in business growth, and the overall income of Wahaha's sales personnel has increased by 30%. Zong Fuli, the chairman and general manager of Wahaha Group, said that it is necessary to continuously strengthen terminal construction, increase the number of freezers and displays, and comprehensively improve Wahaha's terminal display image and market share. (Jiemian News)

GAC Group: The first 6GWh production line of Yinpai Battery has been put into production and operation.

On November 7, GAC Group stated on the interactive platform that the company is striving to build a vertically integrated industrial chain of "lithium mine + basic lithium battery raw material production + battery production + energy storage and charging and swapping service + battery leasing + battery recycling and cascade utilization". According to a one-time planning and distributed implementation method, it is planned to eventually form a battery production capacity of 36GWh. Currently, the first 6GWh production line of Yinpai Battery has been put into production and operation. The company and CATL have jointly established "Time GAC Power Battery Co., Ltd.", which is one of the battery suppliers of Aion. (Jiemian News)

Report: There are over 15 million professional live-streamers nationwide, and the talent gap in the live-streaming industry will exceed 19 million by 2025

36Kr learned that the Online Performance (Live-Streaming) Branch of the China Association of Performing Arts, in conjunction with the Kuaishou platform, has released the "New Career Development Report for Online Live-Streamers". The "Report" shows that as of December 2023, 15.08 million people regard online live-streaming as their main occupation. It is estimated that by 2025, the talent gap in China's live-streaming industry will reach 19.415 million. The survey shows that more than 60% of professional online live-streamers live-stream for more than four days a week, more than 80% of professional online live-streamers have an average monthly income of less than 8,000 yuan, and nearly 90% of professional online live-streamers are willing to engage in this profession for a long time. Online live-streamers show a development trend of professionalization, diversification, and specialization.

Wang Zhonglei Steps Down from Position at Alibaba-Held Media Company

36Kr has learned that the Aiqicha App shows that recently, Hainan Meila Media Co., Ltd. has undergone industrial and commercial changes. Wang Zhonglei has stepped down as the legal representative and executive director, and Li Jie has taken over as the legal representative and serves as a director. At the same time, several key personnel have also changed. Hainan Meila Media Co., Ltd. was established in October 2016 with a registered capital of 1 million Chinese yuan. Its business scope includes the production and operation of radio and television programs, the production of TV series, the reproduction of audio-visual products, performance brokerage, import and export agency, etc. The equity penetration map shows that the company is wholly owned by Zhejiang Dongyang Meila Media Co., Ltd., and the latter is held by Beijing Alibaba Pictures Culture Co., Ltd. and Feng Xiaogang with a 70% and 30% stake respectively.

Nezha Auto Initiates Large-scale Layoffs

It is learned from multiple independent sources that Nezha Auto initiated large-scale layoffs on November 7. In response, the relevant person in charge of Nezha Auto confirmed that the company is undergoing organizational structure adjustment, and the proportion is unknown. On October 29, Nezha Auto officially launched the company's full-staff equity incentive plan, and at the same time announced a series of measures to reduce costs and increase efficiency, including organizational streamlining, eliminating redundant staff, business focus, and flat management. (Caixin News Agency)

Chinese Scientists Uncover New Mechanism for Phage to Evade Bacterial Defense

It is learned from the Shenzhen Institute of Translational Medicine (The First Affiliated Hospital of Shenzhen University) that Chinese scientists have screened phages from the natural environment that can escape the bacterial defense system, and revealed a new mechanism for phages to evade multiple bacterial defenses. This discovery will contribute to the development of phage drugs for treating pathogenic bacteria to address the global challenge of bacterial resistance. The above research was completed by the Shenzhen Institute of Translational Medicine (The First Affiliated Hospital of Shenzhen University) in collaboration with Wuhan University and Shenzhen Children's Hospital. The research results were published online in the international academic journal Nature Microbiology on the 6th. (Xinhua News Agency)

BYD Applies for Registration of "Come and Have a Cup of Di Xiaoyin" Trademark

36Kr learned that the Aiqicha App shows that recently, BYD Company Limited has applied for the registration of the trademarks "My Di Drink" and "Come and Have a Cup of Di Xiaoyin", with the international classification of catering and accommodation. Currently, the trademark status of both is waiting for substantive examination. BYD Company Limited was established in February 1995. Its legal representative, chairman, executive director, and president is Wang Chuanfu, with a registered capital of approximately 2.911 billion yuan. It is jointly held by HKSCC NOMINEES LIMITED, Wang Chuanfu, Lyu Xiangyang, Rongjie Investment Holding Group Co., Ltd., etc.

OpenAI Purchases Domain Name chat.com

According to TechCrunch, after purchasing ai.com, OpenAI has now purchased the domain name chat.com. Compared to the former, chat.com is more in line with the tone of ChatGPT for chatting. Nowadays, to access ChatGPT, only 6/8 characters are required. According to netizens' speculation, Altman probably spent $1500 - $2000 to acquire this URL. And chat.com has also become one of the most expensive domain names in history. (Cailian Press)

ZTE Invests 700 Million Yuan to Establish Digital Technology Company in Beijing

36Kr learned that the Aiqicha App shows that recently, Beijing Xingyun Digital Technology Co., Ltd. was established. The legal representative is Wang Xiyu, with a registered capital of 700 million Chinese yuan. The business scope includes basic artificial intelligence software development, artificial intelligence application software development, artificial intelligence industry application system integration services, big data services, etc. Shareholder information shows that the company is wholly owned by ZTE Corporation.

The People's Bank of China Holds a Symposium for Foreign Financial Institutions

36Kr has learned that, according to the website of the central bank, on November 6, the People's Bank of China held a symposium for foreign financial institutions to listen to the opinions and suggestions of foreign financial institutions, and to study the relevant work on further optimizing the business environment and promoting the high-level opening up of the financial industry. At the symposium, Pan Gongsheng thoroughly explained the current monetary policy stance of China and the considerations related to the adjustment of the monetary policy framework, introduced the progress of the high-level opening up of the financial industry and a package of financial incremental policy-related work, listened to opinions and suggestions, and exchanged responses to the issues concerned by each institution. Each foreign financial institution believes that since the beginning of this year, the People's Bank of China has made positive progress in a series of measures in deepening the reform and opening up of the financial industry, optimizing the business environment, and improving the cross-border flow management of financial data. The package of financial incremental policies recently introduced has effectively promoted high-quality economic development, maintained the stability of the financial market, and significantly enhanced the expectations and confidence of foreign capital in the Chinese market. It is hoped that the communication and interaction between policies and the market will be further strengthened, and efforts will continue to be made to promote the implementation and effectiveness of various incremental policies.

CATL Obtains UL Solutions' Authorization as the First-Party UL9540A Recognized Witness Testing Laboratory

36Kr has learned that, according to CATL's official WeChat account, recently, the inauguration ceremony of CATL's Energy Storage Technology R&D Verification Center and the UL9540A Laboratory Licensing Ceremony were officially held in Ningde. This laboratory has become the world's first first-party "UL9540A Recognized Witness Testing Laboratory (WTDP) (Module, Unit)" authorized by UL Solutions. The safety laboratory of the Energy Storage Technology R&D Verification Center has the testing capabilities for evaluating and verifying the thermal runaway and fire spread of large-scale energy storage products. It is a supplement to the thermal runaway testing and various safety abuse testing capabilities of UL9450A for samples at the container level and below, and the energy storage national standard GB/T36276. It further upgrades and improves CATL's testing and verification system, which can significantly shorten the UL9540A certification cycle for energy storage products exported to Europe, America, and other regions.

Institution: The overall market size of China's digital transformation will exceed 730 billion US dollars in 2028

36Kr has learned that International Data Corporation (IDC) recently released the Version 2 of the 2024 "Global Digital Transformation Spending Guide". The latest data from IDC shows that the global investment in digital transformation exceeded 2.1 trillion US dollars in 2023, and is expected to reach 4.4 trillion US dollars in 2028, with a five-year compound annual growth rate (CAGR) of 15.4% from 2023 to 2028. With the vigorous development of the global digital transformation market, the application scope of technologies such as cloud computing, artificial intelligence, big data, and 5G is continuously expanding. The digital transformation of global enterprises has entered a stage of sustainable development, which also prompts enterprises to continuously increase their investment in digital transformation.

The Ministry of Transport: The Implementation Opinions on "Artificial Intelligence + Transportation" Are Being Prepared

On November 7, at the "2024 Intelligent Transportation Shanghai Forum" of the 7th China International Import Expo, the relevant person in charge of the Science and Technology Department of the Ministry of Transport disclosed that the recent work measures include: preparing the implementation opinions on "Artificial Intelligence + Transportation"; researching and improving the construction of the artificial intelligence innovation platform in the field of transportation, and promoting the carrying out of scenario research and breakthroughs; improving the organized scientific research mechanism, and exploring to carry out a series of actions to enhance autonomous driving, etc.; strengthening the supply of high-quality standards, and implementing a series of actions such as standard improvement. (Shanghai Securities News)

TikTok Intensifies Crackdown on "Stock Recommendation" Accounts, Some Bloggers Get Banned Again after Changing Their Identities

Recently, TikTok has intensified its efforts to rectify stock recommendation accounts. Some bloggers were banned again after changing their "identities" and reopening new accounts. Recently, with the booming of the secondary market, a large number of stock recommendation bloggers have emerged on short-video platforms such as TikTok. On October 11 this year, TikTok released the "Penalty Announcement on Cracking Down on Illegal Securities Activities such as 'Illegal Stock Recommendation'". TikTok stated that the platform is always committed to creating a clean and upright community environment, and has been resolutely cracking down on various illegal securities activities including "illegal stock recommendation" for a long time. As of one month after the announcement was released, TikTok has cumulatively dealt with more than 3,600 accounts related to the stock market and more than 15,000 pieces of illegal content. (Yicai)

General Manager of Quanta Cloud Technology: Plans to Increase Production Capacity of AI Servers in the US

On November 7, Yang Qiling, the general manager of Quanta Cloud Technology, a subsidiary of Taiwan's Quanta Group, stated that the company plans to increase the production capacity of AI servers in the United States. It may expand production capacity in or near the existing factory areas in Tennessee and California, rather than choosing a new location. Quanta Cloud Technology collaborates with NVIDIA to produce AI servers. (Jiemian News)

BHP Billiton Says $31.7 Billion Dam Collapse Compensation Plan Approved by Brazilian Court

Mining giant BHP Billiton Group said on Thursday that Brazil's Supreme Court has approved a settlement to end the long-running Fundao Dam lawsuit. At the end of last month, BHP Billiton and its joint venture partner Vale reached an agreement with the Brazilian authorities that the two mining groups will pay 170 billion Brazilian reais (equivalent to $31.7 billion) in compensation related to the 2015 collapse disaster. The tailings dam is operated by Samarco Mineracao SA, a joint venture in which BHP Billiton and Vale each hold a 50% stake. (Sina Finance)

The governments of China and Solomon Islands sign an agreement on mutual visa exemption for ordinary passport holders

36Kr learned that according to the message on the WeChat official account "Consular Express", on November 7, 2024, in Honiara, the capital of Solomon Islands, Chinese Ambassador to Solomon Islands Cai Weiming and Solomon Islands' Minister of Foreign Affairs Agovaka signed the "Agreement between the Government of the People's Republic of China and the Government of Solomon Islands on Mutual Visa Exemption for Ordinary Passport Holders" on behalf of the two governments respectively. Prime Minister Manasseh Sogavare of Solomon Islands attended the signing ceremony. The above-mentioned agreement will come into effect after the two countries complete their respective domestic legal procedures.

Stellantis to Lay Off 1,100 Workers at Ohio Jeep Plant

Automaker Stellantis announced Wednesday plans to cut production shifts at its Ohio Jeep plant and indefinitely lay off about 1,100 workers. The company, which has been struggling with high inventory levels and lower earnings this year, said its Toledo South Assembly Plant decision to reduce production to a single shift will better align production with demand for the Jeep Gladiator pickup. Stellantis said in an emailed statement, "As Stellantis navigates a transitional year, the focus is on realigning its U.S. operations to ensure a strong start in 2025, which includes taking difficult but necessary actions to manage production to meet sales and reduce high inventory levels." (Sina Finance)

Nippon Steel lowers full-year net profit forecast

Nippon Steel, Japan's largest steelmaker, on Thursday lowered its full-year net profit forecast for the fiscal year ending March 31 from the previously expected 340 billion yen to 310 billion yen ($2 billion). Nippon Steel, the world's fourth-largest steel producer, said its six-month net profit was 243.4 billion yen, a 19% decline from the same period last year. (Sina Finance)

Completion of POSCO Group's Silicon Anode Material Factory in South Korea

Posco Silicon Solution, a subsidiary of POSCO Group in South Korea, issued a statement saying that the company's silicon anode material factory has been completed, including downstream and upstream process facilities. The current annual output of the factory is 550 tons, and the goal is to expand the production capacity to 25,000 tons by 2030. (Jiemian News)

TikTok Is Required to Shut Down Its Business in Canada, but Users Can Still Access the App

On November 6 local time, the Canadian government, citing national security risks, ordered the shutdown of ByteDance's TikTok's local business. However, it did not prevent Canadians from using the short-video app or creating content. Canada began reviewing TikTok's investment and expansion plans in the country last year. According to Canadian law, the government can assess the potential risks of foreign investment to national security, but the law prohibits the government from disclosing details of such investments. TikTok said it will file a legal objection to this order. Canada has already banned the use of the TikTok app on government devices, claiming it poses an unacceptable risk to privacy and security. (Yicai Global) 

The Forefront of AI

Graphcore, a Subsidiary of SoftBank, Makes a Big Move: Recruiting 75 Positions Globally to Accelerate the Semiconductor AI Layout

The chip design company Graphcore, acquired by SoftBank Group Corporation, is adding 75 new job positions globally, and the number of employees will increase by 20%. This move highlights SoftBank's ambition in the semiconductor industry. The new positions announced by Graphcore cover the fields of wafer design and data center engineering, and will be established in the UK, Poland, and Taiwan, China. (Zhitong Finance)

ByteDance AI Assistant Doubao Launches Internal Test for Video Generation

ByteDance's large-scale model AI assistant Doubao officially launched the internal test for video generation, which means that after companies such as Kuaishou, SenseTime, and Minimax, ByteDance has officially entered the field of AI video generation. The official website of Doubao claims that Doubao Video Generation supports one-click video production from pictures and text, "It can transform information into vivid and realistic video content. It supports cool dynamics and camera movements, with multiple cameras remaining consistent, and the style ratio can be freely selected." (Cailian Press)

Galaxy Securities: Optimistic about the Autonomous Control of the Communication Industry and the Major Trend of AI Technological Transformation

36Kr has learned that the research report of Galaxy Securities points out that it is optimistic about the autonomous control of the communication industry and the major trend of AI technological transformation. The proportion of overseas business of relevant enterprises in the Chinese communication industry is gradually increasing, and the main countries for going global have expanded from Europe, America to Asia, Africa and Latin America. Galaxy Securities believes that the overall impact of Trump on the trend of going global of relevant enterprises in the Chinese communication industry is controllable, and at the same time, Chinese enterprises have cost and technical advantages. The accelerating trend of going global of relevant enterprises in the Chinese communication industry remains unchanged, and the demand for autonomous control and domestic substitution of related core devices will increase increasingly. It is optimistic about the expansion of the second growth curve of domestic operators, the boost of global demand for optical communication by AI, and the development of quantum communication.

Investment and Financing

Starlink Dynamics Completes Multi-Million Yuan Pre-A Round Financing

Recently, Shanghai Starlink Dynamics has completed a multi-million yuan Pre-A round of financing. This round of financing is invested by Gongjin Co., Ltd., Qiande Electronics, and individual experts in the automotive field. The funds will be mainly used for the research and development of new products and the expansion of new businesses. Starlink Dynamics was established in 2023, dedicated to the development and large-scale application of millimeter-wave radar products. Its main products include single-chip 4D millimeter-wave radar. (Starlink Dynamics) 

Cool Products

AION RT Officially Launched

36Kr learned that on November 6, AION RT was officially launched, with a starting price of 119,800 yuan. It offers five models: 520 Smart Enjoy Edition, 520 Smart Luxury Edition, 520 Lidar Edition, 650 Smart Luxury Edition, and 650 Lidar Edition.

Organized by | Cheng Jiahui