8:00 am Kr 36 | Yang Guofu Spicy Hot Pot responds to "28 yuan per catty of bean sprouts, more expensive than Sam's"; A university responds to the recruitment requirement of a master's degree for the security department; Vanke secures a 22 billion yuan borrowing quota from Shenzhen Metro Group

Today's Hotspot Guide

• Starbucks China Announces Joint Venture with Boyu Capital
• The Ministry of Finance Establishes a New Agency, the "Debt Management Department"
• Shanghai Disneyland Announces Expansion and Plans to Build a Fourth Themed Hotel
• French Prosecutors: The Perpetrators of the Louvre Robbery Are Not an Organized Crime Gang
• The Huangpu Civil Affairs Bureau in Shanghai Launches a Nighttime Marriage Certificate Issuance Experience Program, Allowing Young People to Get Married at a "Nightclub"
• Amazon Signs a $38 Billion Agreement with OpenAI

Top 3 Big News

Yang Guofu Malatang Responds to “28 Yuan per Jin of Bean Sprouts, More Expensive Than Sam's”

Recently, the topic of “Yang Guofu Malatang's bean sprouts costing 28 yuan per jin, more expensive than those at Sam's” has sparked heated discussions among netizens. Some netizens posted that the price of mung bean sprouts at Yang Guofu is marked as 2.88 yuan per 50 grams, which is equivalent to 28.8 yuan per jin. In contrast, the organic mung bean sprouts at Sam's Club are marked at 9.9 yuan per 600 grams, equivalent to 8.25 yuan per jin.

Reporters visited several malatang restaurants and found that the prices of vegetarian dishes are generally marked at over 25 yuan per jin, and some high - end dishes even cost up to 100 yuan per jin. At Yang Guofu Malatang, according to the clerk, the prices of both meat and vegetarian dishes are the same, at 26.8 yuan per jin. At Zhang Liang Malatang, reporters saw that the price is 25.8 yuan per jin, also with the same price for meat and vegetarian dishes. Reporters called the customer service at Yang Guofu's headquarters to inquire about this matter. The customer service responded that the current selling prices of stores across the country are not unified. “Considering that each store has cost issues, such as rent and labor, the company has not made unified requirements for stores nationwide.” (Blue Whale News)

University Responds to Recruitment Requirement of Master's Degree for Security Department

Recently, the Security Department of Zijin College of Nanjing University of Science and Technology recruited one person, requiring a master's degree or above, which sparked a heated discussion among netizens. On November 3rd, a staff member of Zijin College of Nanjing University of Science and Technology stated that the recruitment position was a clerk position in the security section, and the person would be a full - time staff member, not a security guard. The nature of the employment is personnel agency, and the employed personnel will enjoy salary, welfare and other benefits in accordance with the relevant regulations of the school.

The recruitment notice shows that a master's degree or above is required, and the required majors include law, foreign languages and literatures, mechanical engineering and other majors offered by the school. The job responsibilities include handling various public security cases and internal conflicts and disputes, carrying out safety education on anti - fraud, anti - terrorism, drug control and other public security and fire - prevention aspects, conducting fire inspections and properly handling various fire situations in a timely manner. (The Paper)

Vanke Secures a 22 Billion Yuan Loan Quota from Shenzhen Metro Group, Posts a 16 Billion Yuan Loss in Q3

On the evening of November 2nd, Vanke A (000002.SZ) issued an announcement stating that the company had entered into a loan framework agreement with its major shareholder, Shenzhen Metro Group. Accordingly, Shenzhen Metro Group agreed to provide the company with loans with a maximum principal amount of 22 billion yuan. The announcement shows that the loans will be used to repay the principal and interest of bonds issued by Vanke in the public market and the interest on designated loans approved by Shenzhen Metro Group. The latest financial report shows that Vanke achieved operating revenue of 56.07 billion yuan in the third quarter, a year-on-year decrease of 27.3%; the net loss attributable to shareholders of the listed company was 16.07 billion yuan, and the loss amount widened by 98% year-on-year.

In 2017, Shenzhen Metro Group officially became Vanke's largest shareholder. As of now, Shenzhen Metro Group holds 27.18% of Vanke's equity. According to statistics, since February 10th, Vanke has borrowed money from Shenzhen Metro Group 10 times. (Jiemian News)

Large Companies/ Major Events

French Prosecutors: Louvre Robbery Perpetrators Not an Organized Crime Group, from Local Low-Income Areas

On November 3, according to CCTV News, French prosecutors said on the 2nd that in the Louvre Museum robbery, a total of 4 male and female suspects have been arrested and formally charged. Most of them are repeat offenders, and two of them have been convicted in another case. In addition, at least one person is still at large, and the possibility of more accomplices cannot be ruled out. The prosecutors said that these suspects are all low-level criminal elements from the poor suburbs in the north of Paris, and they are not members of an organized crime group. As of now, the French police have arrested 7 suspects successively, and three of them have been released due to insufficient evidence. Among the stolen items, one crown has been found by the police, and the whereabouts of the remaining 8 pieces of jewelry are still unknown. (CCTV News)

The Ministry of Finance Establishes a New Institution, the "Debt Management Department"

The latest information in the "Institutional Setup" section of the Ministry of Finance's official website shows that the Debt Management Department of the Ministry of Finance has been established. The main responsibilities of the Debt Management Department of the Ministry of Finance are as follows: to formulate and implement the government's domestic debt management systems and policies; to formulate the debt management systems and measures for the central and local governments; to prepare the balance limit plans for national bonds and local government bonds; to undertake relevant management work such as the issuance and redemption of the government's domestic debt; to undertake the management work of the government's foreign debt and formulate basic management systems; to strengthen the monitoring and supervision of government debt and prevent and resolve implicit debt risks.

The Debt Management Department has six divisions: the General Division, the Central Debt Division, the Local Debt Division I, the Local Debt Division II, the Issuance and Redemption Division, and the Monitoring and Management Division. The director of the Debt Management Department is Li Dawei, and the deputy directors are Qu Fuguo and Zhao Zeyong. (Beijing News)

Former Xiaomi executive Wang Teng announces new move: about to try a new track, with the general direction in the technology + health field

On November 2nd, Jiemian News learned that Wang Teng, the former general manager of Xiaomi's China market department, recently posted an article announcing his latest whereabouts. He posted on a social platform, stating that due to non - compete restrictions and personal interests, he is officially saying goodbye to the mobile phone industry. Wang Teng said that starting from November, he will try a new track, with the general direction in the technology + health field. The specific project is still in preparation, and he will report the progress to friends who care about his movements later. Wang Teng revealed that although the battle in the mobile phone industry is not over yet and several brands have not yet determined the winner, he left Xiaomi due to his own problems some time ago, but he still wishes Xiaomi and REDMI phones to do better and better in the future. (Jiemian News)

Starbucks Announces Joint Venture with Boyu to Co - operate Retail Business in the Chinese Market

On November 4th, Jiemian News learned that Starbucks Coffee Company announced a strategic cooperation with alternative asset management firm Boyu Capital. The two parties will establish a joint venture to jointly operate Starbucks' retail business in the Chinese market.

According to the agreement, Boyu will hold up to 60% equity in the joint venture, while Starbucks will retain 40% equity. Starbucks will continue to be the owner and licensor of the Starbucks brand and intellectual property, and will license the newly - established joint venture. Based on an enterprise value of approximately $4 billion (excluding cash and debt), Boyu will acquire its corresponding stake.

It is reported that the newly - established joint venture will continue to be headquartered in Shanghai and manage and operate the 8,000 Starbucks stores currently spread across the Chinese market. With a shared development vision, the two parties will be committed to gradually expanding the number of Starbucks stores in China to 20,000 in the future. (Jiemian News)

Shanghai Disneyland Announces Expansion and Plans to Build Fourth Themed Hotel

Shanghai Disney Resort announced on November 3 that it will build a fourth themed hotel, which will join the existing matrix of themed hotels at the resort. After completion, this hotel will be adjacent to the main entrance of Shanghai Disneyland. The expansion project will also include new shopping and dining facilities. This new project will be added to the ongoing expansion projects at Shanghai Disney Resort, including the third themed hotel located on the south bank of Wishing Star Lake, the ninth themed area of Shanghai Disneyland, and the iconic attraction "Soarin' Around the World". It is reported that Shanghai Disneyland recently welcomed its 100 millionth visitor since its opening. (Yicai Global)

Wang Guobin, Founder of Quanguo Fund, Passed Away

On November 3rd, Quanguo Fund Management Co., Ltd. issued an announcement regarding the change of senior management personnel. General Manager Wang Guobin passed away, and Chairperson Ren Li will serve as the acting general manager, with the term of office starting on November 3rd, 2025. Quanguo Fund was established in February 2022. It is a national public - offering fund management company approved by the China Securities Regulatory Commission, with its registered address in Shanghai and a registered capital of 100 million RMB. As a well - known "individual - led" public - offering fund company, it was jointly founded by industry professionals such as Wang Guobin, Ren Li, Jiang Heze, Li Yunliang, and Wei Haijing.

According to the information, Wang Guobin holds a master's degree from Peking University and an EMBA from China Europe International Business School, with 27 years of experience in the securities industry. In 2005, Wang Guobin founded Orient Securities Asset Management and led the company to obtain the industry's first public - offering license for securities company asset management in 2010, making it the first domestic securities - company - affiliated asset management company. (Yicai Global, The Paper)

Chow Tai Seng Closed 560 Stores in One Year

Despite the continuous rise in gold prices, the profitability of gold and jewelry enterprises has declined. Many leading brands have begun to reduce the scale of their stores. According to Chow Tai Seng's latest financial report, as of September 30, 2025, the number of the company's terminal stores was 4,675, a net decrease of 560 compared with the same period last year. Among them, the number of franchised stores decreased by 380, making them the main force in store closures. In the third quarter of 2025 alone, Chow Tai Seng closed a net of 43 stores, with franchised stores accounting for more than 80%. (Cailian Press)

The Civil Affairs Bureau of Huangpu District, Shanghai, Launches Nighttime Marriage Certificate Issuance Experience Program: Young People Can Get Married at a “Nightclub”

According to Huangpu District, Shanghai, starting from the 14th of this month, the Civil Affairs Bureau of Huangpu District has joined hands with INS New Paradise to launch a nighttime marriage certificate issuance experience program. This event will officially kick off on November 14th (Friday), 2025, and will last until November 22nd (Saturday). It will be held at INS New Paradise on the evenings of November 14th, 15th, 21st, and 22nd, offering newlyweds a unique immersive nighttime marriage certificate issuance service and “Harmonious Family” marriage and family counseling service. It is reported that INS New Paradise is located in Fuxing Park in Huangpu District. It is a commercial complex integrating e - sports, music, performing arts, and night - time economy, and is one of the nighttime gathering places for trendy people in Shanghai. Huangpu District introduced that this nighttime marriage registration experience will provide a number of special services, such as an exclusive butler service for newlyweds. In addition, this event has collaborated with the world - class electronic music event Tomorrowland, which is also being held in Huangpu District. Newlyweds who successfully make an appointment to participate in the nighttime certificate issuance experience will have the chance to receive exclusive tickets to the indoor fantasy world of Tomorrowland. (Yicai Global)

South Korean designer fashion brand Mardi Mercredi announces that it will close all its stores in China

On November 3rd, Jiemian News learned from the customer service of Mardi Mercredi's Tmall flagship store that due to the optimization and adjustment of the brand's offline business, the brand's physical stores have stopped operating, but the online flagship store is operating normally, and neither the products nor their after - sales services will be affected. Previously, Mandoya (Shanghai) Brand Management Co., Ltd., the brand's agent in China, responded: "The current store closures are mainly due to the business adjustment of some stores. The group has launched more new brands, such as Raive and Rest&Recreation, and will also allocate more group resources to the construction of new brands in the future." (Jiemian News)

China Mobile Transfers 41.98 Million Shares for Free, and PetroChina Becomes a Shareholder

On the evening of November 3rd, China Mobile released an announcement stating that China Mobile Group plans to transfer 41,981,348 A-share shares of China Mobile it holds to China National Petroleum Corporation (CNPC) free of charge through the transfer of state-owned shares. After the transfer is completed, China Mobile Group's shareholding in China Mobile will decrease from 69.05% to 68.85%, and CNPC will hold 0.19% of its shares.

Regarding the purpose of this equity transfer, China Mobile said that it is to further strengthen the strategic collaboration between China Mobile Group and CNPC, promote cooperation and development between the two parties in fields such as information technology and smart energy, and unleash new potential for the integration of the digital and real economies. China Mobile Group and CNPC have signed a share transfer agreement. This transfer still needs to be approved by the State-owned Assets Supervision and Administration Commission of the State Council, and the transferred shares still need to go through the share transfer registration procedures. (Jiemian News)

Singer Zheng Zhihua Clears His Weibo, Including the Apology Post Retained on October 27

Recently, singer Zheng Zhihua has cleared his Weibo, including the apology post retained on October 27. Previously, Zheng Zhihua recorded a video to respond to the airport incident and said that after the video was broadcast, he would "remove his Weibo account" and "shut down his Weibo and not open it again". Subsequently, Zheng Zhihua set to hide other Weibo posts, leaving only one apology post. Until now, he has cleared all his Weibo posts.

According to previous reports, Zheng Zhihua, a disabled singer from Taiwan, China, criticized Shenzhen Airport for being "inhumane" and forcing passengers with limited mobility to "scramble" to board the plane, which sparked a heated discussion. Subsequently, the airport apologized late at night and promised to make immediate improvements.

On October 26, the surveillance footage of Zheng Zhihua boarding the plane was exposed. The video showed that there were airport staff assisting at the scene, which was inconsistent with Zheng Zhihua's description. The public opinion then reversed. (Yicai Global)

Industrial and Commercial Bank of China's Latest Announcement: Resume Accepting Applications for Ruyi Gold Accumulation Business

On November 3rd, the Industrial and Commercial Bank of China announced that it has resumed accepting applications for opening accounts, active accumulation, adding new regular accumulation plans, and withdrawing physical gold for the Ruyi Gold Accumulation Business. Meanwhile, the Industrial and Commercial Bank of China suggests that customers pay attention to the fluctuations in the gold market, enhance their awareness of risk prevention, and safeguard the safety of their own assets.

It is worth mentioning that in the early morning of November 3rd, the Industrial and Commercial Bank of China had just issued a notice to suspend accepting applications for relevant products. On the same day, the Construction Bank also issued an announcement on suspending the acceptance of businesses such as Easy Gold Savings; the China Minsheng Bank also adjusted the trading hours for gold accumulation. (Yicai Global)

Sam's Club Responds to Controversies over Replacing Product Images of Some Fruits, Vegetables, and Meats with "Renderings" on Its APP

On November 2nd, many netizens reported that the product images of some fruits, vegetables, and meats on the Sam's Club membership APP had been replaced with renderings of cooked dishes. For example, the picture of beef mince was changed to "spaghetti with meat sauce", and some fruit images were also replaced with synthetic renderings, which netizens described as having a "full - screen AI vibe". This incident sparked intense discussions on social media. In response, Sam's Club told Jiemian News that the changes to the APP started to be tested online at the end of August this year, and continuous optimization was carried out based on members' feedback during this period. In the past two days, more valuable suggestions from members regarding product images and other aspects have been received one after another. Sam's Club will continue to make improvements to better present the real appearance of products and enhance the experience, and welcomes everyone to continue providing feedback on the Sam's Club APP. (Orient Finance, Jiemian News)

The internal test version of Ele.me App has been renamed Taobao Flash Purchase

On November 3rd, it was reported that the latest internal test version of the Ele.me App has been renamed "Taobao Flash Purchase", and the version number has been updated to 12.0.1. Currently, "Taobao Flash Purchase" is in the gray - scale testing phase and is only open to some users for experience. During the gray - scale testing period, some users can experience instant delivery services such as food takeaways and daily necessities through "Taobao Flash Purchase". At present, Ele.me's delivery capacity has fully taken over Taobao Flash Purchase orders, covering more categories. This integration is regarded as Alibaba's "instant retail" competitive measure to deal with rivals such as Meituan and JD.com, aiming to strengthen the positioning of "Taobao Flash Purchase" as a unified brand. (Jinan Times)

Guangzhou Metro Responds to "Shake-to-Trigger Ads Affecting QR Code Scanning for Riding"

On October 30, many netizens in Guangzhou reported that pop-up ads frequently appeared in the QR code function of the Guangzhou Metro App. In particular, the "shake-to-trigger" method seriously affected the efficiency of passing through the gates during the morning and evening rush hours. In response, the Guangzhou Metro customer service said that "not everyone dislikes ads." If passengers have relevant demands, they can provide information for the technical department to handle.

On November 3, the Guangzhou Metro replied that after noticing the suggestions from netizens, it immediately shut down the ads at that position and communicated with the partner to improve the ad interaction form and prevent such ads that interfere with basic functions. On November 3, when a reporter opened the Guangzhou Metro App, it was found that there were no longer "shake-to-trigger" ads on the QR code page. (Red Star News)

Altman Denies "OpenAI to Go Public Next Year", Says OpenAI's Annual Revenue Far Exceeds $13 Billion

In a podcast interview, OpenAI CEO Altman denied reports that OpenAI plans to go public next year. He said there is no specific date for the IPO, and the board has not made any decisions on this. "I just think things will eventually move in that direction," he added. He also revealed that OpenAI's annual revenue far exceeds the rumored $13 billion. (Yicai Global)

Foreign Ministry: China to Offer Visa-Free Entry to Sweden, Extend Visa-Free Policy for France and Other Countries until End of 2026, Resume Group Tours to Canada

At the regular press conference of the Ministry of Foreign Affairs on November 3rd, spokesperson Mao Ning stated that China has decided to extend the visa-free policy for countries such as France until December 31, 2026. In addition, China will offer visa-free entry to Sweden from November 10, 2025, to December 31, 2026. For specific information, please follow the announcements released by the Consular Affairs Department of the Ministry of Foreign Affairs and Chinese embassies and consulates abroad. Spokesperson Mao Ning also introduced that, taking into account various factors such as the outbound travel needs of Chinese tourists and the local tourism environment, China has decided to resume the business of travel agencies organizing group tours for Chinese citizens to Canada. (CCTV News)

Fed Governor Cook Leaves Room for Rate Cut in December

On November 4th, Fed Governor Cook said on Monday that she believes a rate cut is possible at the Fed's December meeting, but the decision at that time will be based on information from a wide range of sources between now and then, especially considering the delay in official data releases due to the federal government shutdown. Cook stated, "Currently, the risks on both fronts of the dual mandate are rising. Keeping interest rates too high increases the likelihood of a sharp deterioration in the labor market; while cutting rates too much could cause inflation expectations to become unanchored." She emphasized that although the latest official data on employment, inflation, and economic growth have been missing since the government "shutdown," policymakers and staff are actively sifting through various available data. So far, these data have confirmed her judgment: inflation will still be slightly above the target and face upward risks, while the labor market as a whole remains robust but is cooling and may decline faster than expected. (JIN10 Data)

The three major U.S. stock indexes closed mixed, and popular Chinese concept stocks showed mixed performance. Amazon soared 4%.

36Kr learned that at the close on November 3rd, the three major U.S. stock indexes showed mixed performance. The Dow Jones Industrial Average fell 0.48%, the S&P 500 Index rose 0.17%, and the Nasdaq Composite Index rose 0.46%. Large technology stocks showed mixed performance. Amazon rose 4%, hitting a record high; Tesla and NVIDIA rose more than 2%, and Google rose slightly. Intel, Netflix, and Meta fell more than 1%, and Microsoft and Apple fell slightly. Popular Chinese concept stocks showed mixed performance. Tencent Music rose more than 3%, NIO rose more than 2%, Tiger Brokers rose more than 1%, and XPeng Motors and Baidu rose slightly. iQiyi and Futu Holdings fell more than 2%, and Li Auto and Alibaba fell more than 1%.

Going Public in Progress

Shandong Srui Pharmaceutical Co., Ltd.

36Kr learned that Saite Bio announced that its holding subsidiary, Shandong Srui Pharmaceutical Co., Ltd., recently received the "Approval Notice for the Marketing Application of Chemical Raw Materials" for methylprednisolone issued by the National Medical Products Administration. Methylprednisolone is a medium - acting, halogen - free corticosteroid drug. It is used for the emergency treatment of critical diseases and can also be used for endocrine disorders, rheumatic diseases, collagen diseases, skin diseases, allergic reactions, eye diseases, gastrointestinal diseases, blood diseases, leukemia, shock, cerebral edema, multiple neuritis, myelitis, and to prevent vomiting caused by cancer chemotherapy, etc.

Guoxia Technology

According to documents from the Hong Kong Stock Exchange, Guoxia Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Everbright Securities International as the sole sponsor. (Jiemian News)

Haiwei Electronics

According to documents from the Hong Kong Stock Exchange, Hebei Haiwei Electronic New Materials Technology Co., Ltd. has passed the listing hearing of the Hong Kong Stock Exchange. (Jiemian News)

The Cutting - Edge of AI

Apple's Plan to Introduce AI in China Delayed Again, R&D Process Faces Technical Bottlenecks

Mark Gurman revealed in his Power On newsletter that Apple's AI feature "Apple Intelligence," originally planned to be launched in the Chinese market by mid - 2025, has not been rolled out yet, and the release time has been delayed again. Gurman pointed out that the overall R&D process of Apple Intelligence is facing technical challenges, including engineering issues and poor model performance. Moreover, the deployment in China is even more complicated. According to Gurman, Apple once planned to promote the project through local cooperation, but so far, no substantial progress has been made. (Cailian Press)

OpenAI Removes Invitation Code Restriction for Sora 2 Video Tool, Opens to Users in Four Countries and Plans a Pay - per - use Model

OpenAI has officially removed the invitation code restriction for its AI video generation tool Sora 2 and opened it for download to users in the United States, Canada, Japan, and South Korea. Users can directly obtain it through the Apple App Store and log in with their ChatGPT accounts. This is the first large - scale expansion of Sora, especially the first time it covers the Asian market. However, the company clearly stated that the opening is "time - limited" and aims to test the server's carrying capacity and user feedback. There is a possibility of reinstating access restrictions in the future. (Sina Finance)

Amazon Signs $38 Billion Deal with OpenAI

On November 3, Amazon Web Services (AWS) announced a multi-year strategic partnership with OpenAI. AWS will provide cloud computing infrastructure to support the operation and expansion of OpenAI's core artificial intelligence workloads. Under this new $38 billion agreement, which is expected to grow over the next seven years, OpenAI will gain access to AWS computing resources that include hundreds of thousands of NVIDIA GPUs and can be scaled up to tens of millions of CPUs to support the rapid iteration of generative AI models.

AWS has exceptional experience in securely, reliably, and at scale operating large-scale AI infrastructure, with a cluster of over 500,000 chips. The combination of AWS's cloud infrastructure and OpenAI's innovation in the field of AI will further promote the popularization of artificial intelligence technology, and will directly contribute to improving the user experience of applications such as ChatGPT. (Cailian Press)

Microsoft Reaches Billions - Dollar AI Infrastructure Deal with Lambda

It is reported that Microsoft has reached a billions - dollar artificial intelligence infrastructure deal with AI cloud startup Lambda. As part of the cooperation agreement between Lambda and Microsoft, Lambda will deploy AI infrastructure powered by NVIDIA. (Yicai Global)

Microsoft: To invest nearly $8 billion in the UAE by 2029 for AI cloud infrastructure expansion

On November 3, it was reported that Microsoft said it would invest more than $7.9 billion in the UAE over the next four years, with more than $5.5 billion to be used for the expansion of artificial intelligence and cloud infrastructure. (Jiemian News)

Financial reports of large companies

Novosense: Revenue in the first three quarters of 2025 reached 2.366 billion yuan, a year-on-year increase of 73.18%

36Kr learned that Novosense released its performance report for the third quarter of 2025. During the reporting period, the company achieved an operating revenue of 2.366 billion yuan in the first three quarters, a year-on-year increase of 73.18%; the revenue in the third quarter alone was 842 million yuan, a year-on-year increase of 62.81%, and it continued to rise quarter-on-quarter. The company has achieved quarter-on-quarter revenue growth for nine consecutive quarters. In the first three quarters, the company's R & D investment reached 562 million yuan, accounting for 23.74% of the revenue.

Investment and Financing

“Xinzheng Microelectronics” Completes Hundreds of Millions of Yuan in Series A Financing

36Kr learned that recently, Hangzhou Xinzheng Microelectronics Co., Ltd. announced the completion of hundreds of millions of yuan in Series A financing. The investors in this round of financing include institutions such as Zhongke Chuangxing, Shanxi Securities Investment, Hongtai Fund, Guozhong Capital, and Botai Venture Capital. This round of financing will be mainly invested in the R & D and design of chips such as analog beamforming chips (ABF), digital beamforming chips (DBF), microwave ultra - wideband direct sampling chips, radio frequency transceivers, high - speed clocks, high - speed ADC/DAC, and SiP products, as well as the industrialization deployment process.

Weineng Completes C-round Financing of 670 Million Yuan

36Kr learned that according to the Aiqicha App, on November 3rd, Wuhan Weineng Battery Asset Co., Ltd. completed a C-round equity financing of 670 million yuan. The investors include Weineng's founding shareholders, NIO Capital, Haining Economic Development Zone, and Hainan Chengmai. Public information shows that the funds from this round of financing will be mainly used for the deployment of battery asset-related businesses, technological R & D iteration, etc.

Compiled | Purple