Flash News

TREE NEWS update: Shuanghuan Drive (002472.SZ) has terminated the spin-off and listing of its subsidiary HuanDong Technology on Shanghai’s STAR Market. The decision halts the planned IPO as the company reassesses the unit’s listing strategy. No further details on the reason were provided.

TREE NEWS update: Nvidia agreed to acquire Hugging Face for $12.93 billion, gaining a platform used by over 18 million developers to share and deploy AI models. The deal marks Nvidia’s push into AI software, expanding beyond its core chip business.

TREE NEWS reports: US stock index futures advanced on [date], with Nasdaq futures turning positive and S&P 500 futures up 0.3%. The move reflects improving risk sentiment in early trading.

TREE NEWS reports: On Sept 2, US stocks rose with Dow +0.56%, S&P 500 +0.47%, Nasdaq +0.45%. Hecla Mining (HL) surged 8.69% to $20.77 despite silver gaining less than 1%, as weak ADP jobs data (38K vs 47K expected) cooled rate-hike bets. Miners show operational leverage. Ciena (CIEN) reports premarket tonight at 12:30 UTC.

TREE NEWS update: Xiaomi Auto announced it will enter European markets including Germany in 2027, and at the 2026 IFA in Berlin signed memorandums of understanding with the first eight leading German auto dealer groups. The move marks a strategic step in its international expansion.

TREE NEWS update: JCET Group announced a private placement of A-shares to raise up to 6.5 billion yuan. Proceeds will fund expansion of high-performance computing advanced packaging, high-end power module testing, wafer-level packaging upgrades, and high-density memory system-level packaging, plus working capital and loan repayment.

TREE NEWS reports: Strategy’s CEO said selling Bitcoin near $60,000 and repurchasing at $80,000 was the correct move, defending the company’s trading strategy. The firm sold millions in BTC during the low $60k range and recently bought back at higher prices, citing a rationale behind the transactions.

TREE NEWS update: Longsys (Jiangbolong) announced that as of August 31, 2026, the company has not yet begun implementing its share buyback program. The statement provides an update on the status of the previously disclosed repurchase plan, indicating no shares have been repurchased to date.

TREE NEWS update: Longsys (Jiangbolong) announced that as of August 31, 2026, the company has not yet begun implementing its share buyback program. The statement provides an update on the status of the previously announced buyback plan, indicating that no shares have been repurchased to date.

TREE NEWS reports: ADP reported August private payrolls rose by just 38,000, well below market expectations of 47,000-48,000 and the lowest since January. The miss initially boosted rate-cut bets, but a hawkish tone from New York Fed’s Williams later reversed sentiment. Small-cap Russell 2000 swung from a 1.2% intraday loss to close up 1.13% at 2,953.

TREE NEWS reports: In H1 2026, China’s NEV sales surpassed 7.4 million units, nearly half of total car sales, while global power battery installations exceeded 608 GWh, with Chinese firms taking seven of the top ten spots and over 70% market share. At the 2026 World Power Battery Conference in Yibin on September 3, CATL chairman Robin Zeng warned against complacency, saying ‘the more we grow, the more we must stay vigilant.’ He emphasized not sacrificing product quality and consumer trust for speed, noting an average of three new car models launch daily in China.

TREE NEWS reports: Burberry shares reversed earlier losses to trade up as much as 2.1% on the day. The move comes after a volatile session for the luxury retailer’s stock.

TREE NEWS update: Suiyuan Technology announced the lottery result for its A-share IPO, with 20,657 winning numbers. Each winning number is entitled to subscribe to 500 shares of Suiyuan Technology A-shares.

TREE NEWS update: Jingzhida has signed a procurement agreement with an unnamed client for semiconductor testing equipment, with a total contract value of RMB 1.576 billion. The deal underscores the company’s role in the semiconductor supply chain. Financial details of the contract were disclosed in an official statement.

TREE NEWS update: Feilong Co. said its stock rose cumulatively 20.79% over two sessions, triggering abnormal volatility. Controlling shareholder Wanxi Holdings reduced 5.16 million shares, or 0.8979% of total capital, through Sept 3. The company attended broker strategy meetings in Shanghai Sept 1-3, and noted non-automotive revenue remains a small share of total.

TREE NEWS reports: UK asset manager Schroders has increased its holdings of longer-dated US Treasuries, with global chief investment officer Johanna Kyrklund saying the 10-year yield’s valuation appeal has improved. She noted that after the recent market selloff, there is an opportunity to hold some duration. The 10-year Treasury yield rose to nearly 4.82% on Wednesday, the highest since 2023.

TREE NEWS update: On September 2, Beijing Vice Mayor Sun Shuo visited the Beijing Stock Exchange (BSE) to mark its fifth anniversary and chaired a working meeting on enterprise listing services. The meeting reviewed the city’s IPO support and listed company development, with officials from the Beijing Financial Regulatory Bureau, CSRC Beijing office, and BSE in attendance.

TREE NEWS update: The Shanghai Stock Exchange will enrich its cross-border ETF product lineup, including coverage of Middle East markets, and continue to improve two-way connectivity mechanisms, said Zhang Bin, director of its international cooperation department, at the Saudi Capital Markets Forum. Cross-border ETF assets under management exceeded 500 billion yuan as of end-August 2026, nearly eight times the level five years earlier.

TREE NEWS update: Moore Threads said at its 2026 semi-annual results briefing on Sept 3 that its GPUs are used across internet, cloud, low-altitude economy, gaming, research and government scenarios. In H1 2026, the company brought in clients from key sectors including leading internet companies and telecom operators, covering customers from AI enterprises to individual consumers.

TREE NEWS update: Jinlong Co. said it plans to transfer its 20% stake in Dongguan Securities and has reached a preliminary intention with Dongguan Investment Holding Capital, signing a non-binding memorandum. Negotiations will continue, with audit and due diligence to follow, though approval and timing remain uncertain.