36Kr Evening News | Musk expects Tesla's Full Self-Driving software to be fully approved in China in early 2026; Bridgewater's Ray Dalio warns: The Fed's rate cuts are fueling a bubble and the U.S. stock market is in for a "last hurrah."
Large Companies:
Elon Musk expects Tesla's Full Self-Driving software to be fully approved in China in early 2026
Tesla CEO Elon Musk said he expects the automaker's Full Self-Driving (FSD) software, a driving assistance system, to be fully approved in China early next year. Musk said at the company's annual shareholders' meeting on Thursday, "We've received partial approval in China and expect to get full approval around February or March next year." (Sina Finance)
Apple's streaming service resumes after a brief outage
Apple's status page shows that its streaming service in the United States has resumed after a brief outage late Thursday local time. Data from tracking website Downdetector.com shows that the number of users reporting issues with Apple TV has dropped from a peak of about 15,000 to 208. (Sina Finance)
Samsung Electronics appoints new head of key decision-making body
Samsung Electronics announced on Friday that it has appointed Park Hark-kyu as the new head of the Business Support Office. The office is a key decision-making body of the tech giant, providing support to Chairman Jay Y. Lee. The South Korean company said in a statement that the Business Support Office has been upgraded from a special task force to a formal institution. (Sina Finance)
India's auto industry's total retail sales in October increased by 40.5% year-on-year
India's auto industry had its strongest monthly performance in October, highlighting a significant rebound in domestic consumption, which may offset the impact of the slowdown in exports to the United States. Data from the Federation of Automobile Dealers Associations (FADA) shows that the total retail sales of all vehicle models, including cars and tractors, increased by 40.5% year-on-year. According to Indian government data, the auto industry contributes 7.1% to GDP and accounts for nearly half of the manufacturing GDP. India is the world's fourth-largest auto producer, and exports to the United States account for 2% of its GDP. (Sina Finance)
36Kr learned that on November 7th, at the 8th China International Import Expo, HEMA reached a strategic cooperation with Silver Fern Farms, one of New Zealand's largest red meat exporters, and will directly source high-quality chilled beef and mutton from New Zealand. The two sides signed an 80 million yuan order this time. Meanwhile, HEMA established its first direct procurement base for New Zealand beef and mutton.
Haosen Intelligence: The company's actual controllers renew the concerted action agreement
36Kr learned that Haosen Intelligence issued an announcement saying that on November 7th, the company received the "Supplementary Agreement (III) to the Concerted Action Agreement" issued by its actual controllers Dong Dexi, Zhao Fanghao, and Zhang Jizhou. The company's actual controllers Dong Dexi, Zhao Fanghao, and Zhang Jizhou unanimously agreed to extend the validity period of the "Concerted Action Agreement" (including the "Supplementary Agreement to the Concerted Action Agreement") to November 8, 2026.
Airbus delivered 78 aircraft in October and received 112 new orders
Airbus delivered 78 aircraft in October and received 112 new orders; from January to October, the delivery volume reached 585, and a total of 722 aircraft orders were received from January to October. (Caixin)
Bosideng: More than 300 core stores nationwide are connected to Taobao Flash Sale
36Kr learned that down jacket brand Bosideng officially announced that in cooperation with Taobao Takeaway Flash Sale, it has launched an "instant delivery" service in more than 300 core stores nationwide. Through Taobao Flash Sale, users can receive down jackets shipped from nearby stores within an hour.
Investment and Financing:
36Kr learned that Zhongyuan Home Furnishing issued an announcement saying that the company plans to invest $16 million in the construction of a self-built production base project in Vietnam. The above total investment will be used for the production and operation activities necessary for the capacity construction and business development of the company's self-built production base project in Vietnam, including but not limited to land acquisition, factory building and ancillary facilities construction, and machinery and equipment purchase.
36Kr learned that on November 7th, at the 8th China International Import Expo, HEMA reached a strategic cooperation with Silver Fern Farms, one of New Zealand's largest red meat exporters, and will directly source high-quality chilled beef and mutton from New Zealand. The two sides signed an 80 million yuan order this time. Meanwhile, HEMA established its first direct procurement base for New Zealand beef and mutton.
New Products:
Dier Laser: The prototype of the ultra-fast laser drilling equipment is under trial production
36Kr learned that Dier Laser said on the interactive platform that the company's TGV laser micro-hole equipment has completed the shipment of the through-hole equipment for panel-level glass substrates, achieving full coverage of the TGV packaging laser technology for wafer-level and panel-level. The main direction of the company's PCB business is the development of ultra-fast laser drilling technology, and it has contacted 2 to 3 customers. Currently, the prototype of the ultra-fast laser drilling equipment is under trial production.
INMO Technology showcases multiple products at the Import Expo
36Kr learned that Sichuan INMO Technology showcased its full range of products - INMO AIR3, INMO GO2, and INMO GO3 at the 8th China International Import Expo. It is reported that this series of products can be applied in multiple fields such as audio-visual entertainment, translation and communication, and smart office.
AliExpress Australia partners with Homart Group
36Kr learned that recently, Alibaba's cross - border platform AliExpress reached a strategic cooperation with Australian health products company Homart Group. Four well - known Australian brands under Homart, TopLife, SpringLeaf, Grandpawpaw, and Cheri, will all be launched on AliExpress.
Today's Views:
On November 7th, the 2025 World Internet Conference Wuzhen Summit set up the "Dialogue of the Six Rising Stars in Wuzhen" for the first time. The heads of the "Six Rising Stars" enterprises from DeepSeek, Unitree Robotics, CloudMinds, Game Science, BrainCo, and SketchUp had an exchange. Wang Xingxing, the founder of Unitree Robotics, said that last year, it was considered excellent if a humanoid robot could walk well, but this year, especially in recent months, many robots can dance or perform well. He believes that the reason lies in the joint efforts of the world to promote the development of this industry. Regarding the future, he believes that AI has accelerated the development speed of the entire robotics industry. Compared with more advanced technologies such as nuclear fusion, the realization of embodied intelligence may be relatively easier. He believes that there will be more surprises in the robotics industry next year and the year after. (Jiemian)
Ray Dalio, the founder of Bridgewater Associates, has issued warnings several times this year, saying that the US economic situation in his eyes is extremely severe. On Thursday, Eastern Time in the United States, he warned again that the US economy may have entered the late stage of the "great debt cycle", and the Fed's loose policies are stimulating the further expansion of the bubble. But when the Fed has to start tightening monetary policy, it will be the moment when the bubble bursts. Dalio believes that the bull market driven by US technology stocks this year will continue in the short term, mainly driven by the continuous AI boom. Although some market professionals have expressed concerns that the valuations of technology stocks are too high, Dalio's argument implies that the Fed's loose policy measures may maintain this momentum in the short term. (Caixin)
Elon Musk expects FSD to be fully approved in China early next year
Tesla's annual shareholders' meeting began in Austin, Texas. After the nearly trillion - dollar compensation incentive plan was passed, CEO Elon Musk took the stage to start his speech. Musk revealed that Tesla's FSD has received "partial approval" in China, and he was told that FSD is expected to get full approval around February or March 2026. (The Paper)
An executive from Samsonite will join Under Armour as CFO
On November 6th local time, Under Armour announced that Reza Taleghani will join the company as Executive Vice President (EVP) and Chief Financial Officer (CFO) in February 2026. He will replace David Bergman, who has served at the company for 21 years. Bergman will step down from the position of CFO and stay until the first quarter of fiscal year 2027 to ensure a smooth transition. It is reported that Taleghani worked at Samsonite Group before joining Under Armour, serving as its Executive Vice President and CFO since 2018. (Jiemian)
Other Notable News:
The added value of Beijing's digital economy grew by 9% in the first three quarters
Reporters learned from the "Press Conference on the National Data Element Comprehensive Experimental Zone (Beijing)" held today (the 7th) that in the first three quarters of this year, the added value of Beijing's digital economy grew by 9%, and the added value of the core industries of the digital economy grew by 10.7%. Beijing issued the "Implementation Opinions on Building a Comprehensive Data Element Experimental Zone and Deepening the Market - Oriented Allocation Reform of Data Elements", proposing to take the market - oriented allocation reform of data elements as the main line, coordinate data development and security, build a national data management center, a national data resource center, and a national data circulation and trading center, and create a national data science and technology innovation origin and development high - ground. (CCTV News)
Japan's three major banks launch a stablecoin pilot
Japan's three major banks - Mitsubishi UFJ Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation - announced that they will jointly conduct a proof - of - concept experiment on stablecoin issuance, with Mitsubishi UFJ Bank and blockchain platform Progmat participating. Japan's Financial Services Agency has listed this project as the first key - supported case under the newly established "Fintech Verification Center" for the "Advanced Payment Project". (Sina Finance)