Kr Xing Evening News | Foxconn subsidiary plans to expand production scale in Vietnam; Binance appoints HE Yi as co-CEO; Hermès heir sues LVMH Group
Large Companies:
Henrui Medicine: The board nominates and appoints Zhu Guoxin as the company's senior vice president
36Kr learned that Henrui Medicine announced that the 20th meeting of the 9th board of directors of the company was held on December 3, 2025. The meeting reviewed and approved the "Proposal on Nominating and Appointing the Company's Senior Vice President", nominating and appointing Zhu Guoxin as the company's senior vice president. The term of office shall be from the date of adoption of this proposal by the board of directors until the expiration of the term of this board of directors. Before joining the company, Zhu Guoxin served as the vice president at Eli Lilly New Drug R & D Center, leading multiple discovery research and early - stage development projects and serving as the chairman of the small - molecule strategy group, overseeing the research and delivery of more than 100 small - molecule clinical candidate drugs.
Zizhu Technology: Plans to adjust the total investment of some investment projects
36Kr learned that Zizhu Technology announced that the company plans to adjust the investment amount of the Zizhu Carbon Valley Industrial Base project from 600 million yuan to no more than 280 million yuan, and adjust the investment amount of the R & D and manufacturing project of complex high - performance composite structural parts from no more than 352 million yuan to no more than 581 million yuan. This adjustment of the total investment is a transfer between the investment amounts of the company's two projects, which will not affect the construction of the company's other projects and will not have an adverse impact on the company's financial risks and capital pressure.
The technological reform plan of the Australian Stock Exchange is facing doubts from investors and market participants. The plan was previously described by the chairman of the Australian Stock Exchange as "crucial and cannot afford to fail", but it suffered another round of system outages this week, which is the latest in a series of failures. On Monday, the announcement platform of the Australian Stock Exchange crashed, preventing hundreds of announcements from being released, and about 80 companies that needed to disclose price - sensitive information were forced to suspend trading. This mistake is another oversight of the Australian Stock Exchange recently, and the institution is currently under investigation by the regulatory authorities. The Australian Securities and Investments Commission has questioned whether the Australian Stock Exchange can provide "safe and resilient key market infrastructure". (Sina Finance)
36Kr learned that Shanxi Fenjiu announced that Huachuang Xinrui has cumulatively reduced its shares in the company by 16,200,599 shares through block trades, accounting for 1.33% of the company's current total share capital, and the share - reduction plan has been completed. After the share reduction, Huachuang Xinrui holds 111,913,697 shares of the company, and its shareholding ratio has dropped to 9.17%. Lianhe Fund will be liquidated and will no longer hold shares in Huachuang Xinrui.
Foxconn's subsidiary plans to expand production in Vietnam
An enterprise document submitted to the environmental department of Bac Ninh Province shows that Fushan Technology, a subsidiary of Taiwan - based electronics manufacturer Foxconn, is applying for a license to expand its production scale in Vietnam to manufacture Xbox game devices and other electronic components. The document also shows that the company plans to increase its mobile phone production capacity by 30 million units, bringing the total annual production capacity to 140 million units; at the same time, it intends to start the production of smart ring charging devices. A smart ring is a wearable device that can be worn on the finger and has the functions of a smart watch and a sports tracker. (Sina Finance)
An heir of Hermès sues LVMH Group
According to a recently exposed civil lawsuit document, 82 - year - old Nicolas Puech, the fifth - generation heir of Hermès, sued French luxury company LVMH and its chairman Bernard Arnault, claiming that the defendants took away Puech's Hermès shares worth more than $10 billion. This is Puech's first legal challenge against LVMH Group and Arnault, which is also related to Puech's previously well - publicized financial fraud case. According to Puech's previous claim, he lost all his Hermès shares under the concealment and deception of his friend and financial advisor Eric Freymond, and these shares were quietly transferred to LVMH Group. (Cailian Press)
Xiaomi Group - W received a net purchase of HK$870 million from southbound funds
Southbound funds had a net purchase of HK$2.279 billion today. Xiaomi Group - W, Alibaba - W, and Meituan - W ranked top three in terms of net purchase amount, receiving net purchases of HK$870 million, HK$427 million, and HK$298 million respectively. In terms of net sales, Tencent Holdings, SMIC, and Kuaishou - W were net sold HK$733 million, HK$419 million, and HK$185 million respectively. (Yicai Global)
Binance appoints He Yi as co - CEO
36Kr learned that Binance announced the appointment of He Yi as co - CEO. Since the establishment of Binance, He Yi has always been an important member of the core management team.
Investment and Financing:
36Kr learned that the Hong Kong Securities and Futures Commission temporarily suspended the license of Li Sijia, the responsible person, core function supervisor, and director of Dongtai Securities Co., Ltd., for three months and two weeks, from December 1, 2025, to March 14, 2026. The Hong Kong Securities and Futures Commission had previously punished Dongtai because the company committed deficiencies involving the unauthorized sale of customers' securities and the transfer of customers' funds from September 6, 2019, to February 18, 2020. The Hong Kong Securities and Futures Commission believes that Dongtai's deficiencies can be attributed to Li Sijia's neglect of duty as its responsible person and senior management member during the critical period.
On December 2, TAE Technologies, a US fusion energy company supported by Google and Chevron, reached a bilateral reciprocal investment commitment with the UK Atomic Energy Authority (UKAEA) and will establish a joint venture, TAE Beam UK, to promote the commercialization of neutral beam technology. The UKAEA plans to invest £5.6 million in this new project. (Jiemian News)
Cainiao's unmanned vehicle intelligent warehouse and distribution solution covers 30 cities
36Kr learned from Cainiao Global Supply Chain that after the trial operation of Cainiao's unmanned vehicle intelligent warehouse and distribution solution in Hefei, it has been rapidly rolled out in more than 30 key cities across the country, such as Chengdu, Chongqing, Wuhan, Ganzhou, Xiangtan, and Zhuzhou, officially entering a new stage of large - scale application nationwide. This warehouse and distribution solution can be widely used in various supply chain scenarios such as chain retail, large - scale supermarkets, express delivery, and community group - buying, helping customers improve the efficiency of last - mile logistics and creating a more efficient and flexible new paradigm of urban intelligent warehouse and distribution.
New Products:
Amazon launches Nova Forge service, and Reddit, Sony, etc. have accessed and are using it
At the Amazon Web Services 2025 re:Invent Global Conference, Amazon launched the Nova Forge service, which is the first of its kind for building enterprise - owned models, and Nova Act for building Agents. It was announced that Nova Forge enables enterprises to inject their own data at an early stage of training through a unique "open - training" path, building Nova - optimized variants that highly meet business needs. (Sina Technology)
Fosun Pharma: FXS887 Tablets have obtained approval for clinical trials
36Kr learned that Fosun Pharma announced that its holding subsidiary, Shanghai Fosun Pharmaceutical Industry Development Co., Ltd., received approval from the National Medical Products Administration to conduct clinical trials of FXS887 Tablets for advanced malignant solid tumors. Fosun Pharma Industry plans to conduct a Phase I clinical trial of FXS0887 in China after the conditions are met. As of October 2025, the group's cumulative R & D investment in FXS0887 at this stage was approximately RMB 44 million. As of the date of this announcement, no single - agent or combination treatment regimen of small - molecule inhibitors with the same target has been approved for marketing globally.
Bloomsbury Publishing partners with Google on AI learning and publishing technology
British publisher Bloomsbury Publishing announced a partnership with Google Cloud, with a focus on technological innovation, AI - driven learning, and core publishing infrastructure. This partnership will combine Bloomsbury's expertise in the publishing field with Google Cloud's secure AI technology. The statement said that with the advanced AI infrastructure, Bloomsbury will use the AI infrastructure to improve trend analysis and promote the sales of its books; at the same time, customized prediction models can also optimize inventory management. (Cailian Press)
Today's Views:
The US seizes more than 70,000 products containing illegal additive 7 - OH
The US Food and Drug Administration issued a bulletin on the 2nd saying that law enforcement agencies seized about 73,000 products containing the ingredient "7 - hydroxycorynantheine" (abbreviated as 7 - OH) from three enterprises in Missouri, with a total value of about $1 million. It is reported that the seized products are mainly foods and dietary supplements with concentrated 7 - OH added, including oral liquids and tablets. The kratom tree is widely distributed in some Southeast Asian countries. 7 - OH extracted from its leaves can bind to opioid receptors in the central nervous system, producing effects such as pain relief, sedation, or mood enhancement. Long - term abuse can lead to serious health problems and addiction risks. (Xinhua News Agency)
The EU is said to set a 70% "Made in Europe" target for key commodities
The EU is currently considering setting a "Made in Europe" target of up to 70% for specific commodities, including automobiles. This move aims to prioritize the procurement of domestic goods to reduce the EU's dependence on other countries in the fields of clean technology and some heavy industries. According to officials familiar with the draft bill to be submitted on December 10, this policy may force EU enterprises to purchase more expensive European components, bringing them additional costs of more than 10 billion euros per year. (Cailian Press)
Cai Lei, former vice president of JD.com, is ready to try brain - computer interface
During an exclusive interview using an eye - control device, Cai Lei, a patient with amyotrophic lateral sclerosis and former vice president of JD.com, said that if one day the eye - control technology can no longer meet the work needs, he is ready to try the brain - computer interface. "We have promoted relevant clinical research in many institutions such as Huashan Hospital and Tangdu Hospital, and many fellow patients have also actively participated." Cai Lei said that he believes that in the future, humans can really communicate with the world directly with their thoughts. (The Paper)
Other Noteworthy News:
Ministry of Foreign Affairs: China and Russia have reached new consensus
On December 3, Foreign Ministry Spokesperson Lin Jian presided over a regular press conference. A reporter asked whether the spokesperson could introduce the situation of the visit of Wang Yi, a member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Foreign Affairs Commission, to Russia and give an evaluation of the visit. Lin Jian said that on December 2, Wang Yi, a member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Foreign Affairs Commission, co - chaired the 20th round of China - Russia strategic security consultations in Moscow with Nikolai Patrushev, Secretary of the Security Council of the Russian Federation, and met with Russian Foreign Minister Sergey Lavrov. The two sides had a comprehensive and in - depth exchange of views on bilateral relations and major issues concerning the strategic security interests of the two countries, reached new consensus, and enhanced strategic mutual trust. The two sides agreed to fully implement the important consensus reached by the two heads of state and promote China - Russia relations and strategic cooperation between the two countries to a higher level. (CCTV News)