Krstar Evening News | The global store count of Xingyun Coffee has exceeded 10,000; Sources say JD Industrial plans to launch its IPO next week, aiming to raise up to $500 million.

Large companies:

People familiar with the matter said that JD Industry plans to launch an IPO next week, aiming to raise up to $500 million

Three people familiar with the matter revealed on Monday that JD Industry, a subsidiary of JD Group, plans to launch its initial public offering (IPO) in Hong Kong next week, aiming to raise up to $500 million. Since the relevant information has not been made public, these sources who declined to be named said that JD Industry is communicating with investors this week, planning to set the issue price on December 8 and officially list on December 11. They also pointed out that as an industrial supply - chain service enterprise, the IPO launch date of JD Industry has not been finally determined. (Sina Finance)

Aetna Technology: Secured a Key Order Worth Nearly 70 Million Yuan for Controlled Nuclear Fusion

36Kr learned from Aetna Technology's official WeChat account that on November 19th, the company's project of the new upper divertor target plate for EAST (Experimental Advanced Superconducting Tokamak) worth 30 million yuan successfully passed the acceptance by the expert group and was fully delivered from the factory. On November 21st, the company successfully won another order worth nearly 70 million yuan for the divertor target plate and integration project of the BEST fusion device, consecutively completing and securing orders for core components of two major national science engineering devices.

WeRide: Total revenue in the third quarter reached 171 million yuan, a year-on-year increase of 144.3%

36Kr learned that WeRide released its financial report for the third quarter of 2025. The report shows that WeRide's total revenue in the third quarter was 171 million yuan, a year-on-year increase of 144.3%. Product revenue increased by 428.0% year-on-year to 79.2 million yuan, and service revenue increased by 66.9% year-on-year to 91.8 million yuan. The revenue from autonomous taxis increased by 761.0% year-on-year to 35.3 million yuan, and its proportion in the total revenue rose from 5.8% in the third quarter of 2024 to 20.7% in the third quarter of 2025. The gross profit was 56.3 million yuan, a year-on-year increase of 1123.9%, and the gross profit margin was 32.9%.

Lazada: Sales of Brand Merchants Increased by Over 11 Times During Double 11

36Kr learned that the Double 11 promotion on Southeast Asian e - commerce platform Lazada has officially ended. According to official data, the sales of Lazada's online brand mall, LazMall, increased by 11 times during this Double 11 period, and the average order value increased by 141%. Taking specific countries as an example, in Singapore, the average order value of LazMall increased by 278% compared with normal days, and the order volume also increased by more than 4 times.

HEMA Launches Partner Growth Program to Support 10 Partners with Annual Sales Exceeding 1 Billion Yuan

36Kr learned that on November 24th, HEMA announced the launch of the "Harmonious Co - existence" partner growth program. It is expected that within 3 years, HEMA will support 10 partners with an annual sales scale of over 1 billion yuan and help 100 suppliers triple their sales within 3 years. It is also reported that the official website of HEMA's affordable community supermarket, Chaohesuan NB, has launched a franchise channel, which is also its first official opening to the public for franchising. According to the official website, the first batch of cities open for franchising of Chaohesuan NB are Shanghai, Hangzhou, Jiaxing, and Huzhou. The brand franchise fee is 50,000 yuan per year (excluding store decoration, equipment, and deposit fees).

Want Want China: The profit attributable to the owners of the company in the first half of fiscal year 2025 was 1.717 billion yuan, a year-on-year decrease of 7.8%

36Kr learned that Want Want China announced in the Hong Kong Stock Exchange that for the six months ended September 30, 2025 (the first half of fiscal year 2025), the revenue was 11.108 billion yuan, a year-on-year increase of 2.10%; the profit attributable to the owners of the company was 1.717 billion yuan, a year-on-year decrease of 7.8%.

Tesla: The estimated delivery date for the Model Y Long Range All-Wheel Drive version is 8 - 13 weeks

36Kr learned that Tesla announced that the estimated delivery date for the Model Y Long Range All-Wheel Drive version has been updated to 8 - 13 weeks.

The number of Lucky Coffee stores worldwide has exceeded 10,000

36Kr learned that on November 24th, Lucky Coffee, a coffee brand under the Mixue Group, announced that the number of its stores worldwide had officially exceeded 10,000. As of now, Lucky Coffee stores have covered more than 300 cities across the country. Among them, the number of stores in first-tier markets has exceeded 1,000, and the number of stores in the Beijing area has reached 100.

Investment and financing:

"Tiantian Baiying" Completes Tens of Millions of Yuan Series A Financing

36Kr learned that "Tiantian Baiying", an intelligent service platform for commercial chain enterprises, recently completed a Series A financing of tens of millions of yuan. The investor in this round is Xiyue Investment. The funds will be mainly used for the construction of a training system for blue-collar technicians, the research and development of core scheduling algorithms, and the improvement of the efficiency of the supporting supply chain.

New Products:

Doubao Input Method Officially Launched

36Kr learned that recently, the Doubao Input Method was officially launched, offering two input methods: voice input and keyboard input. Based on the same voice model as the Doubao App, the Doubao Input Method supports multiple dialects, English, and mixed Chinese-English input, and has an automatic error correction function; keyboard input also supports automatic error correction and various intelligent associations such as words, symbols, and emoji expressions.

Changan Automobile: Plans to Launch First In-vehicle Component Robot in Q1 Next Year

36Kr learned that Changan Automobile announced that in terms of robot business, it is strategically deploying intelligent vehicle robot technology and business with a "1+N+X" approach centered around core scenarios. In the field of humanoid robots, it is collaborating with leading partners to jointly develop humanoid robots and break through core technologies such as the robot's "brain", "energy", and "drive". In terms of product layout, with the R & D of humanoid robot technology and high - end applications as the focus, it aims to drive and empower other intelligent mobility/automobile robots. Based on factory, store, household, and special application scenarios, it will adopt a three - step approach in the near, medium, and long - term to become an integrator for a commercial + technological closed - loop and create multiple embodied intelligent robot products. It is expected to gradually release prototypes starting next year and continuously iterate them. In addition, the first in - vehicle component robot is expected to be launched in the first quarter of next year.

Today's Viewpoints:

China Galaxy Securities: The Hong Kong stock technology sector is expected to welcome another allocation opportunity

36Kr learned that China Galaxy Securities said that looking ahead, investor sentiment is greatly affected by the Fed's interest rate cut expectations and geopolitical situations. In the long - short game, hotspots rotate quickly, and the Hong Kong stock market may continue its volatile trend. In terms of allocation, it is recommended to focus on the following sectors: First, as market risk appetite fluctuates greatly, investors may turn to dividend stocks for defense. Second, after the recent volatile correction, the market's concerns about the AI bubble have gradually decreased, and the technology sector is expected to welcome another allocation opportunity. Third, the effects of the "anti - involution" policy are gradually emerging. Under the changing supply - demand pattern, cyclical stocks with rising commodity prices may continue to rebound.

Other news worthy of attention:

The Shenzhou-22 spacecraft is scheduled to be launched on November 25

According to the China Manned Space Engineering Office, currently, the Long March 2F Y22 carrier rocket has completed propellant loading. The Shenzhou-22 spacecraft is scheduled to be launched at the Jiuquan Satellite Launch Center in China at Beijing time on November 25, 2025. The Shenzhou-21 astronaut crew is working normally and in good condition in orbit. (CCTV News)

China will launch a space exploration science satellite program to explore the origin of life in the universe

Reporters learned from the press conference on the latest highlights of the Strategic Priority Program on Space Science held today (November 24) that during the 15th Five - Year Plan period, focusing on major frontier issues such as the origin of the universe, the origin of space weather, and the origin of life, the National Space Science Center of the Chinese Academy of Sciences will organize and implement a space exploration science satellite program including the "Hongmeng Plan", "Kuafu-2", the Exoplanet Survey, and the Enhanced X-ray Timing and Polarimetry mission, aiming to achieve new breakthroughs in fields such as the cosmic dark age, the solar magnetic activity cycle, and the detection of exoplanets similar to Earth. (CCTV News)