At 8:00, 1 Krypton | Zhong Shanshan became the richest man in China for the fourth time with a fortune of 530 billion yuan; Post-00s used a home printer to produce over 2.5 million yuan in counterfeit currency; NVIDIA will make a $1 billion equity investment in Nokia.
Today's Hotspot Guide
- NVIDIA's total market value approaches $5 trillion
- Xiaomi's senior management adjustment: Wang Xiaoyan, President of the China region, will no longer concurrently serve as the general manager of Xiaomi Home, and Chen Kai will take over.
- A gray industry in an animal blood bank in Guangzhou has been exposed. Lawyers say relevant regulations should be formulated more quickly.
- Ye Guofu responds to "wasting 100 million yuan a year on acquiring original IPs": Foster originality and provide room for exploration.
- Tesla's chairman says Musk may leave the company if the $1 trillion compensation plan is rejected.
- Second only to gold in "money - making" ability, copper prices soar.
Top 3 Big News
Zhong Shanshan, with a fortune of 530 billion yuan, becomes China's richest person for the fourth time
On October 28, the Hurun Rich List 2025 was released. Zhong Shanshan, with a fortune of 530 billion yuan, became China's richest person for the fourth time. Zhang Yiming, Ma Huateng, Zeng Yuqun, and Lei Jun ranked second to fifth respectively. In addition, Wang Ning of Pop Mart saw his wealth increase by more than 150 billion yuan compared with last year, entering the top 20 of the list and ranking among the top three in terms of entrepreneurs' wealth growth this year. (Dahe Finance Cube)
Post-00s Made Over 2.5 Million Yuan in Counterfeit Money with Home Printers
Recently, Beijing police discovered a strange transaction during their work. The transaction involved a picture of a counterfeit money master. The police judged that the buyer was likely printing counterfeit money. Based on this clue, the police followed the trail and arrested 15 suspects, raided 8 counterfeiting dens, and seized over 2.5 million yuan in counterfeit money.
It is reported that all the suspects in this case are post-00s, and some are even minors. They first learned counterfeiting techniques through overseas software, then used home printers to produce counterfeit money, and finally sold it through virtual currency settlement. The suspects not only produced counterfeit money themselves but also taught counterfeiting techniques to make a profit. (CCTV News)
NVIDIA to Make a $1 Billion Equity Investment in Nokia
On October 28, Nokia's board of directors has decided to issue 166,389,351 new shares in a private placement to enable NVIDIA to make a $1 billion equity investment in Nokia. Subject to the satisfaction of certain customary closing conditions, NVIDIA will subscribe for these shares at a subscription price of $6.01 per share. This transaction will enable NVIDIA to hold a 2.9% stake in Nokia. (Jiemian News)
Large Companies/Major Events
The three major U.S. stock indexes closed higher collectively, and NVIDIA's total market value approached $5 trillion
36Kr learned that at the close on October 28, the three major U.S. stock indexes closed higher collectively, hitting new highs. The Nasdaq rose 0.8%, the Dow Jones Industrial Average rose 0.34%, and the S&P 500 Index rose 0.23%. Large technology stocks generally rose. NVIDIA rose nearly 5%, hitting a new high in its stock price, and its total market value approached $5 trillion; Microsoft rose nearly 2%, and its total market value regained the $4 trillion mark; Apple rose slightly, and its intraday market value exceeded $4 trillion for the first time; Intel rose more than 5%, and Tesla and Amazon rose more than 1%; Google fell slightly. Popular Chinese concept stocks had mixed performance. Pony.ai rose more than 11%, WeRide and Bilibili rose more than 5%, XPeng Motors rose more than 1%, JD.com, Pinduoduo, and NIO rose slightly; Tencent Music and Weibo fell more than 2%, and Alibaba, Baidu, and Li Auto fell more than 1%.
Xiaomi's Senior Management Adjustment: Wang Xiaoyan, President of the China Region, No Longer Serves as General Manager of Xiaomi Home, Replaced by Chen Kai
Xiaomi has recently undergone a personnel adjustment. Wang Xiaoyan, Senior Vice President of Xiaomi Group, President of the China Region, and General Manager of the New Retail Department, no longer serves as the General Manager of Xiaomi Home. Xiaomi has appointed Chen Kai, General Manager of the Yunnan Branch, as the General Manager of Xiaomi Home under the New Retail Department. He will report to Wang Xiaoyan, Senior Vice President of the Group, President of the China Region, and General Manager of the New Retail Department. Meanwhile, Chen Kai will continue to serve as the General Manager of the Yunnan Branch. (Sina Tech)
Ye Guofu Responds to "Wasting 100 Million Yuan a Year on Acquiring Original IPs": Nurturing Originality and Providing Room for Exploration
36Kr learned that Ye Guofu, the founder of Miniso, said in an interview titled "Luo Yonghao's Crossroads" recently that Miniso is vigorously developing its own IPs to promote the transformation from a retail company to a cultural and creative company. He stated that one must "waste" 100 million yuan a year to cultivate good IPs, emphasizing the word "waste" rather than simply "spend", in order to nurture original IPs. Ye Guofu responded that "wasting" means providing sufficient room for experimentation for its own IPs, from discovering artists to IP incubation and operation, and building a full - chain IP operation platform.
Tesla Chairman Says Musk May Leave the Company If $1 Trillion Pay Package Is Rejected
On October 28, Tesla Chairman Robin Denholm warned in a letter to shareholders that CEO Elon Musk might leave Tesla if his $1 trillion pay package fails to be approved. This appeal was made ahead of the annual general meeting on November 6. Tesla's board has been repeatedly criticized for not acting in the best interests of shareholders. Governance experts and advocacy groups question its independence and oversight of Musk's influence. (Sina Finance)
Copper Prices Soar: Second Only to Gold in "Money - Making" Ability
The copper futures market has witnessed a continuous inflow of funds. Last Friday and this Monday, there were obvious actions to increase positions in copper futures, and the scale of settled funds reached 48.758 billion yuan, making it the second - largest commodity futures variety after gold. The latest data shows that the price of the main contract of Shanghai copper futures has exceeded 88,300 yuan per ton, and the London LME copper quote has broken through $11,000 per ton, both approaching historical highs. Currently, the bullish sentiment in the market is clearly at a high level. The latest forecasts from international institutions indicate that copper will once again face a supply shortage in three years. (Securities Times)
The world's pumped - storage power station with the tallest dam is fully operational
The world's pumped - storage power station with the tallest dam, the State Grid Xinyuan Jiangsu Jurong Pumped - Storage Power Station, was fully put into operation on the 28th, adding another large - scale clean energy "regulator" to the Yangtze River Delta region. It is reported that the power station takes advantage of the elevation difference between the upper and lower reservoirs. During off - peak hours, water is pumped from the lower reservoir to the upper reservoir and stored as potential energy. During peak hours, it is converted back into electricity and fed into the grid, earning it the nickname "water - energy power bank". The total installed capacity of the power station is 1.35 million kilowatts. The dam of the upper reservoir is 182.3 meters high, equivalent to a 60 - story building. It is the tallest dam of a pumped - storage power station in the world, with a water storage capacity of 17.07 million cubic meters, equivalent to 1.2 times the water storage capacity of the West Lake. After full operation, it is estimated to generate 1.35 billion kilowatt - hours of electricity annually. (CCTV News)
The trial of the assassination case of Shinzo Abe will begin on October 28, and the verdict will be announced in January next year
On October 28, the assassination case of Shinzo Abe, the former prime minister of Japan, will be heard at the Nara District Court. The 45-year-old defendant, Tetsuya Yamagami, is facing charges including murder and violation of the firearms and swords law. According to the schedule, the case will have 19 court hearings and end on December 18. The verdict is expected to be announced on January 21 next year. During this period, 12 witnesses, including Tetsuya Yamagami's mother, will testify in court. According to a recent report by Japanese media citing sources, Tetsuya Yamagami is expected to plead guilty during the trial. However, the sentencing for him has become the focus of the controversy. (CCTV World News)
China National Machinery Industry Certification and Inspection Group Co., Ltd.: Currently, no commercial space business has been launched
36Kr learned that China National Machinery Industry Certification and Inspection Group Co., Ltd. stated on the interactive platform that the company is a national third - party certification, inspection and testing service provider for vehicles and mechanical equipment. Its main business includes inspection and testing services for products such as complete vehicles, military equipment, construction machinery, special equipment, civil aviation ground equipment, and parts, as well as certification services such as product certification, system certification, and service certification. Currently, the company has not launched commercial space business and will actively explore new business areas in the future.
The State Post Bureau Conducted an Administrative Interview with ZTO Express Co., Ltd.
36Kr learned that on October 28, the State Post Bureau interviewed ZTO Express Co., Ltd. and pointed out that ZTO Express' business operations were non - standard, with arbitrary adjustments to operating rules. There were problems such as poor service quality and inadequate implementation of measures to protect the legitimate rights and interests of couriers. The company was required to strictly implement the main responsibility for the management of the ZTO Express service network, improve the quality of express delivery services, strengthen the construction of a compliance - based business system, safeguard the legitimate rights and interests of couriers, and consciously maintain the market order of fair competition. ZTO Express Co., Ltd. stated that it would earnestly implement the regulatory requirements and effectively rectify the problems.
Meituan's international food delivery brand Keeta officially launches operations in Abu Dhabi, the capital of the United Arab Emirates
36Kr learned that according to Meituan's official Weibo account, at 11 a.m. local time on October 28th, Meituan's international food delivery brand Keeta officially launched operations in Abu Dhabi, the capital of the United Arab Emirates. Following its launch in Dubai last month, this is another key development for Keeta in the UAE's food delivery market, achieving service coverage of the country's two major core cities and further strengthening Meituan's international business layout in the Gulf Cooperation Council (GCC) region.
Apple supplier Skyworks Solutions initiates talks to acquire rival Qorvo valued at $8 billion
On Tuesday, "The Information" reported, citing people familiar with the matter, that Skyworks Solutions, a provider of radio frequency chips for Apple and other smartphone manufacturers, has been in talks in recent months to acquire its rival, Qorvo. (Sina Finance)
BYD's New Car Registrations in Europe Nearly Quadrupled Year-on-Year in September
Data released by the European Automobile Manufacturers' Association (ACEA) on October 28 showed that BYD's new car registrations in the EU more than tripled year-on-year to 13,221 units in September. If the United Kingdom and the European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) are included, sales nearly quadrupled, reaching 24,963 units. (Jiemian News)
Lei Jun Leads, Xiaomi Auto Establishes Architecture Department
36Kr has learned from multiple sources that Xiaomi Auto recently announced an organizational structure adjustment. In this round of adjustment, a brand - new first - level department, the Architecture Department, has been established, which is responsible for formulating the thinking and direction of the next - generation technological architecture of intelligent electric vehicles. The new department reports directly to Lei Jun, and its members include some R & D department heads and core backbones. A person familiar with the matter told 36Kr that Cui Qiang, the person in charge of the whole - vehicle R & D, has joined the Architecture Department, and Wang Zhensuo, the former person in charge of electric power, has taken over Cui Qiang's position to be responsible for the whole - vehicle R & D. The work results of the new department will influence the technological tone and direction of Xiaomi's next - generation products. This is not only a key variable for Xiaomi to cope with future competition but also will affect its long - term market position.
LV Haitao of Dongfeng Motor Group Returns to Dongfeng Peugeot Citroën Automobile
On October 28, LV Haitao, the spokesperson of Dongfeng Motor Group and the deputy director of the Strategic Planning Department, confirmed his return to Dongfeng Peugeot Citroën Automobile as the general manager. LV Haitao joined Dongfeng Peugeot Citroën Automobile after graduation. In May 2012, he was appointed the general manager of the Dongfeng Peugeot Brand Department. In June 2014, he was promoted to the deputy general manager of the business department of Dongfeng Peugeot Citroën Automobile. After 2017, LV Haitao successively served as the deputy director of the General Office of Dongfeng Motor Corporation, the deputy director of the Strategic Planning Department, the spokesperson of Dongfeng Motor Group, and the deputy general manager of the Strategic Planning Department. (Yicai Global)
XPeng Aeroht Reaches a Cooperation Agreement with the People's Government of Dunhuang City
36Kr has learned that on October 28th, the People's Government of Dunhuang City and XPeng Aeroht jointly announced a route and signed a strategic cooperation agreement. The two parties will carry out in - depth cooperation in multiple dimensions, including the construction of flight camp networks and the expansion of land - air integrated self - driving routes, to jointly accelerate the high - quality agglomeration and development of the low - altitude economy industry in Dunhuang. This is another key move in the local area's integrated development of "low - altitude + cultural tourism" field, following the launch of the long - distance low - altitude tourism route in Dunhuang on October 1st, 2025.
The Philippines Allows the Market to Determine the Exchange Rate, and the Peso Plunges
The Central Bank of the Philippines allows the exchange rate between the US dollar and the peso to be determined by market forces and says that strong remittance income and economic growth will support the local currency. The currency hit a record low on Tuesday. The Central Bank of the Philippines said in a statement on Tuesday: "When we participate in the market, it is mainly to smooth out the inflationary fluctuations of the exchange rate over time, rather than to prevent daily fluctuations." The peso fell below the key psychological support level of 59 pesos per US dollar to a new record low, which has drawn attention to the possibility that the Philippine banks are preparing to take intervention measures or let the currency depreciate. (Sina Finance)
The wholesale price of Feitian Moutai has fallen below 1,700 yuan per bottle for the first time, hitting a new low since its listing
36Kr learned that data from the liquor market monitoring platform "Today's Liquor Prices" shows that the wholesale reference price of the 53% ABV 500ml loose bottles of Feitian Moutai in 2025 is reported at 1,690 yuan, a drop of 25 yuan from the previous day. It has fallen below the 1,700-yuan-per-bottle mark for the first time, hitting a new low since its listing. The price of the original cases is reported at 1,715 yuan, a drop of 20 yuan from the previous day. The cumulative decline of both products from their initial listing prices of 2,220 yuan and 2,255 yuan has exceeded 31%. The latest research report from Guotai Haitong believes that since the Mid-Autumn Festival and National Day peak season, the sales volume of Baijiu has recovered month-on-month but is still weak year-on-year, and the industry is in a state of "low expectations and weak reality."
Domino's Pizza Denies Negotiations with Bain Capital
The fast-food chain Domino's Pizza Group stated that it has not received any acquisition offers from private equity firm Bain Capital, refuting previous reports that had driven up its share price. After the news was announced, the company's share price declined. Previously, the Australian Financial Review reported that Bain Capital was considering acquiring Domino's Pizza Group, with a transaction valuation of up to A$4 billion (approximately US$2.6 billion). (Sina Finance)
The number of overseas travelers who handled tax refunds for outbound travelers in the first nine months increased by 229.8% year-on-year
Since the beginning of this year, China's tax refund policy for outbound travelers has been continuously optimized, and the facilitation service measures have been continuously upgraded, effectively stimulating the consumption vitality of overseas travelers in China. The latest tax data from the State Taxation Administration shows that since the implementation of relevant policies and measures, the number of people handling tax refunds for outbound travelers has increased significantly, and the amount of tax refunds has increased significantly. From January to September this year, the number of overseas travelers who handled tax refunds for outbound travelers increased by 229.8% year-on-year; the amount of tax refunds increased by 97.4% year-on-year. (CCTV News)
Cainiao Delivers Automated Sorting Centers to Multiple International Express Companies
36Kr learned that with the launch of the "Double 11" shopping spree and the approaching of the "Black Friday" shopping festival, Cainiao is gradually delivering new automated sorting centers to express delivery companies such as STO and Singapore Post. In addition, the sorting centers built by Cainiao for leading express delivery companies in multiple regions including South America, the Middle East, Europe, and Southeast Asia have all been put into operation in preparation for the year - end shopping sprees.
Samsung Electronics may introduce a 30% price cut strategy for 12-layer HBM3E
Storage giant Samsung Electronics may introduce a 30% price cut strategy for 12-layer HBM3E in an attempt to seize the market. (Cailian Press)
Domestic Industrial Preparation of Key Core Materials for "Artificial Sun" Achieved
It is learned from the Institute of Metal Research of the Chinese Academy of Sciences that recently, the research team led by Researcher Rong Lijian of the institute has broken through the technical bottleneck of the metal substrate for the second-generation high-temperature superconducting tape used in controlled nuclear fusion by using the self-developed purification preparation technology, and successfully achieved the industrial preparation of high-purity tonnage Hastelloy (C276) metal substrates. The controlled nuclear fusion device, known as the "artificial sun", is an important direction for humanity to explore future clean energy. (CCTV News)
To Avoid Layoffs, Silicon Valley Tech Guys Flock to Medical Aesthetics
Recently, according to The Wall Street Journal, an unexpected trend is emerging in Silicon Valley: more and more "tech bros" are flocking to facial plastic surgeries, including face-lifts, neck-lifts, and eyelid lifts, to combat the looming fear of being phased out of the industry.
In the tech industry where youth is equated with "innovation," appearance seems to have become part of the workplace competition. The report points out that many tech professionals worry that "looking too old" will cost them the favor of investors or senior company executives. Plastic surgeon Ben Talei has noticed that the demand for male face-lifts in the tech industry has quintupled in the past five years. (Vista Magazine)
Sam's Club Store Suspected of Infringing on Gold Hairy Crab Design
Recently, jewelry designer and inheritor of intangible cultural heritage Wu Wensheng revealed that his "Gold Hairy Crab" work, which took nearly two years to design, was suspected of being copied and appeared at the Zhangjiagang Sam's Club store that opened on October 20, with a price exceeding 500,000 yuan (509 grams, calculated based on the current gold price). On October 27, Wu Wensheng said that he had filed a rights - protection claim on October 21, and the Zhangjiagang Copyright Bureau had intervened; Sam's Club responded that it had submitted supplier materials for the assessment of the infringement issue, and the involved product had been removed from the shelves. (Yangtze Evening News)
A gray industry of an animal blood bank in Guangzhou was exposed. Lawyers say relevant regulations should be formulated more quickly
Recently, a blogger in Guangzhou exposed a gray industry of an animal blood bank, claiming that the other party drained the blood of stray cats and sold it to pet hospitals at high prices, which attracted public attention. A volunteer engaged in pet protection said that at present, China has not established a perfect pet blood bank system. Regarding the commercially operated cat blood banks, issues such as the source of the cats, their daily living conditions, and whether blood collection is standardized are indeed a cause for concern for the public due to the lack of effective supervision. Previously, some pet hospitals in Guangzhou were exposed for making profits from pet blood. A lawyer said that currently, there are no administrative regulations or mandatory national standards for "pet blood transfusions." Relevant regulations should be formulated more quickly to clarify the establishment conditions for pet blood banks and formulate specific punishment measures for illegal blood collection and other acts to increase the cost of law - breaking. (Cover News)
Reports say Samsung will showcase its triple-foldable smartphone during this week's APEC CEO Summit
According to industry sources, Samsung Electronics will showcase its new triple-foldable smartphone during the Asia-Pacific Economic Cooperation (APEC) CEO Summit this week. The sources said that Samsung Electronics will participate in the "K-Tech Exhibition" for the first time and showcase its latest products, including the triple-foldable smartphone. However, the new product will only be displayed in a glass showcase, and the specific specifications are expected to be announced at the end of November or early December. (Sina Finance)
Multiple Regions Optimize Policies to Promote the Release of Housing Demand
October is the traditional peak season for the real - estate market transactions. Since the beginning of this month, more than 20 regions across the country have introduced support measures, focusing on aspects such as optimizing housing provident fund policies, promoting the construction of "good houses", and issuing housing purchase subsidies to help release housing demand during the "Golden October" period and further promote the stable and healthy development of the real - estate market. A relevant person in charge of the China Index Academy believes that in the future, policies such as the construction standards for "good houses" and the rules for calculating floor area ratio in various regions are expected to be improved more quickly. The release of improved housing demand will be stimulated through the increased supply of high - quality housing. (Securities Daily)
Google Collaborates with NextEra to Restart Iowa Nuclear Power Plant, Expected to Start Power Supply Before 2029
It is reported that Google is collaborating with NextEra Energy to restart the Iowa nuclear power plant, mainly to power Google's artificial intelligence and cloud services. The power plant is expected to start supplying electricity before 2029. (Cailian Press)
Toyota to Produce Hybrid Vehicles in Vietnam as Early as 2027
It is reported that Toyota will produce hybrid vehicles in Vietnam as early as 2027. (Caixin Press)
Paramount Plans to Mostly Keep the Merged Warner Bros.
Paramount Skydance plans to retain as much of Warner Bros. Discovery's business as possible when merging with the rival film and television production company. This decision may help alleviate concerns about layoffs and production cuts. According to people familiar with Paramount's plans, David Ellison, the CEO and controlling shareholder of Paramount, hopes to keep the creative teams of both companies while integrating some marketing and distribution operations. These people said that no decision has been made yet on whether Paramount will abandon any properties of the two companies, including one of Hollywood's most famous soundstages. They requested anonymity because this is private information. (Sina Finance)
HSBC Faces $1.1 Billion Loss in Court Ruling
HSBC's stock price fell 0.5% in early trading on Monday in the U.S. stock market. The company faces a $1.1 billion loss in a court ruling due to its involvement in the Bernard Madoff fraud case. The judgment of the Luxembourg court will affect HSBC's third - quarter performance. The bank once provided custody services for funds investing in Madoff's securities. (Sina Finance)
Going Public in Progress
Suzhou Novosense Microelectronics Co., Ltd.
36Kr learned that according to the Hong Kong Stock Exchange, Suzhou Novosense Microelectronics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are CITIC Securities, China International Capital Corporation, and CCB International.
Fuhang Microelectronics
36Kr learned from the Hong Kong Stock Exchange (HKEX) documents that Shanghai Fuhang Microelectronics Co., Ltd. has submitted a listing application to the HKEX. Huatai International is the sole sponsor.
The Cutting - Edge of AI
Elon Musk Launches AI-Edited Encyclopedia Grokipedia
Elon Musk launched his Grok version of the encyclopedia, Grokipedia, on Monday local time. It is a crowdsourced online encyclopedia whose entries are edited by his artificial intelligence company, xAI. Musk previously posted on his social platform, X, saying that this new project called Grokipedia would "eliminate" the "propaganda" that floods Wikipedia. (Sina Finance)
OpenAI is offering a one-year free ChatGPT Go service to Indian users
OpenAI is offering a one-year free ChatGPT Go service to Indian users to intensify its market expansion efforts. The world's most highly valued startup will launch a free promotion campaign for users on November 4, in conjunction with its first Developer Day event held in the country. Registered users will receive a one-year free ChatGPT Go service. ChatGPT Go was first launched in India in August. As the most affordable paid package, its annual fee is 399 Indian rupees (less than $5). (Cailian Press)
Adobe Adds OpenAI and Google AI Models to Photoshop and Other Tools
Adobe's CEO said that Adobe is adding OpenAI and Google AI models to Photoshop and other tools. (Cailian Press)
NVIDIA Launches NVQLink Interconnect System to Enable the Fusion of AI Supercomputing and Quantum Computing
On October 28, NVIDIA announced the launch of NVQLink, which connects quantum and GPU computing for 17 quantum computing companies and 9 scientific research laboratories. NVQLink is an open system architecture that combines the ultimate performance of GPU computing with quantum processors to build an accelerated quantum supercomputer. (Jiemian News)
Report: Ant AQ Ranks 7th on China's AI Native Application List, Leading in Industry Growth Rate
36Kr learned that QuestMobile released the "Q3 2025 AI Application Industry Report". Ant Group's AI health application AQ climbed 3 places in just one month, reaching the 7th position on China's AI native application list. It is the only health - related application among the top ten. Among the top ten AI applications in the industry, AQ ranked first with a compound growth rate of 83.4%, far exceeding the industry's average growth rate of 13.5%. Public information shows that it took AQ only a little over 3 months since the official release of its independent app to reach the 7th place in China.
Financial Reports of Large Companies
BNP Paribas Reports €12.57 Billion in Q3 Revenue
BNP Paribas recorded €12.57 billion in revenue for the third quarter, compared with an estimated €12.82 billion. The net profit for the third quarter was €3.04 billion, against an estimate of €3.07 billion. Revenue from FICC sales and trading in the third quarter was €1.26 billion, in line with the estimate. The common equity Tier 1 capital ratio in the third quarter was 12.5%, compared with an estimated 12.4%. BNP Paribas expects its full - year net profit to exceed €12.2 billion, while the market estimate is €12.13 billion. BNP Paribas anticipates a tangible return on equity of +12% by 2026. (Sina Finance)
Bank of China: Revenue in the third quarter reached 162.697 billion yuan, a year-on-year increase of 0.94%
36Kr learned that Bank of China announced in the Hong Kong Stock Exchange that it achieved revenue of 162.697 billion yuan in the third quarter, a year-on-year increase of 0.94%; and the net profit attributable to the bank's shareholders after tax reached 60.069 billion yuan, a year-on-year increase of 5.09%.
China Film: Net profit in Q3 reached 177 million yuan, a year-on-year increase of 1,463.17%
36Kr learned that China Film released its third-quarter report. In the third quarter, it achieved an operating income of 1.212 billion yuan, a year-on-year increase of 35.61%; the net profit attributable to shareholders of the listed company was 177 million yuan, a year-on-year increase of 1,463.17%.
Xingqi Eye Drops: Net profit in the third quarter reached 264 million yuan, a year-on-year increase of 117.45%
36Kr learned that Xingqi Eye Drops released its third-quarter report. The company's operating income in the third quarter was 741 million yuan, a year-on-year increase of 35.34%; the net profit attributable to shareholders of the listed company was 264 million yuan, a year-on-year increase of 117.45%.
Fosun Pharma: Net profit in the third quarter was 821 million yuan, a year-on-year increase of 4.52%
36Kr learned that Fosun Pharma released its third-quarter report. The revenue in the third quarter was 9.879 billion yuan, a year-on-year decrease of 5.46%; the net profit attributable to shareholders of the listed company was 821 million yuan, a year-on-year increase of 4.52%.
37 Interactive Entertainment: Net profit in the third quarter reached 944 million yuan, a year-on-year increase of 49.24%
36Kr learned that 37 Interactive Entertainment released its third-quarter report. The company's operating income in the third quarter was 3.975 billion yuan, a year-on-year decrease of 3.23%; the net profit attributable to shareholders of the listed company was 944 million yuan, a year-on-year increase of 49.24%.
Investment and Financing
"Pusonmei" Completes Hundreds of Millions of Yuan in Series A+ Round Financing
36Kr learned that recently, "Pusonmei", an enterprise specializing in precision current sensing components, announced the completion of hundreds of millions of yuan in Series A+ round financing. This round of financing was jointly led by Qianhai Ark Fund and Shenzhen Capital Group, with Guotai Junan Innovation Investment and Jinpeng Fund participating in the follow - on investment. The funds will be used for R & D investment, production capacity expansion, market development, etc.
"Wuba Intelligence" Completes First-round Strategic Financing of Approximately 500 Million Yuan
36Kr learned that recently, "Wuba Intelligence" announced the completion of its first-round strategic financing of approximately 500 million Chinese yuan. This round of financing was jointly led by Guoxin Fund and Zhejiang Industry Investment, and jointly followed by institutions such as the China State-owned Enterprise Mixed-ownership Reform Fund, Zhejiang Chengxi Science and Technology Innovation Manufacturing Mother Fund, Zhejiang Science and Technology Innovation Mother Fund (Phase III), Guoshun Demao Fund, and Shenwan Changhong Fund. The financing funds will be mainly used in three major directions: accelerating the construction of the pilot test base, breaking through the core key technologies of embodied robots, and expanding application scenarios in large-scale security and large-scale industrial fields.
"Shudian" Completes Hundreds of Millions of Yuan in Pre-A Round Financing
36Kr learned that recently, "Shudian" announced the completion of hundreds of millions of yuan in pre-A round financing, jointly led by Jihe Venture Capital and SAIF Partners. Institutions such as Beijing Information Industry Development Investment Fund, Guangzhou Redbird Qihang Fund, and Shanghai Lingyi Investment participated in the follow-on investment, and existing shareholder Legend Capital also continued to increase its investment. This round of financing will be mainly used for product R & D, in-depth cultivation of the domestic market, and expansion of the international market.
Compiled | Chenxi