TREE NEWS update: Meituan open-sourced LongCat-2.5 under the MIT license, allowing commercial inference deployment and further training without additional authorization. The native multimodal model for long-horizon agent tasks has 1.6 trillion total parameters, activates about 48 billion per token, and supports a one-million-token context. Meituan said it also optimized the architecture and deployment for domestic compute chips constrained by memory and bandwidth.
TREE NEWS update: A new round of trilateral talks between Russia, the United States and Ukraine began at 11:50 local time (15:50 Beijing time) on November 10 in Abu Dhabi, the capital of the United Arab Emirates. The talks are focused on post-war security arrangements, de-escalation, humanitarian operations and subsequent steps toward peace.
TREE NEWS reports: TSMC reported October sales of NT$586.89 billion, up 59.7% from a year earlier, the chipmaker said. The figure covers its core foundry business for the month and marks a sharp acceleration in revenue growth at the world’s largest contract chip manufacturer.
TREE NEWS update: Jiangsu province’s industry, development, science and market regulators jointly issued an action plan for high-quality development of the new energy storage industry, targeting cumulative installed capacity of more than 10 million kilowatts by 2030. The plan calls for at least 10 key technology research tasks, at least 60 provincial-level or higher innovation platforms, more than one industry large model, at least 15 “AI+” cases, and 90 specialized “little giant” storage firms by 2030.
TREE NEWS reports: China’s A-share semiconductor sector rallied, with Espressif Systems hitting an intraday record high. Fullhan Microelectronics and Rockchip Electronics both hit their daily upward limits, while SigmaStar Technology rose more than 15%. Allwinner Technology, Qingyi Photomask, Bestechnic, Cellwise Microelectronics, Bluetrum Technology, Yandong Microelectronics, Lontium Semiconductor and Centec Networks each gained over 10%.
TREE NEWS update: China Gold Coin Group Co., Ltd. issued a risk warning on precious metals price volatility on November 10, citing intensified swings driven by multiple macro factors at home and abroad. The company urged collectors and investors to adopt rational, steady allocation strategies, recognize market operating rules, and manage price risk through prudent action rather than chasing rallies or selling into declines.
TREE NEWS update: China’s National Health Commission, National Healthcare Security Administration, National Administration of Traditional Chinese Medicine and National Disease Control and Prevention Administration issued a joint notice on Monday on ensuring the safe and rational use of innovative drugs. The notice sets out measures covering the key stages of innovative drug deployment, including promoting rational allocation, strengthening training and guidance, optimizing conditions for use, and improving management practices.
TREE NEWS reports: China’s A-share consumer electronics sector rallied in afternoon trading, with Yingtong Communication and Chaoyang Technology both hitting their daily limit-up. Boshuo Technology and Darui Electronics gained more than 10%, while Bestek and Tianjian shares rose over 7%. The move lifted a broad group of component and accessory suppliers in the sector.
TREE NEWS reports: China’s A-share AI glasses sector rose on Wednesday, with Chaoyang Technology, Lianchuang Electronics, KTC Technology, Skyworth Digital and Yingtong Communication hitting the daily limit-up. Guangyang Co. had sealed its limit earlier, while SigmaStar, SeeYA Technology and Longli Technology gained more than 10%. Shuo Bei De, Runxin Technology, Rockchip, Goertek and Tianjian shares also advanced.
TREE NEWS reports: Suzuki Motor shares fell as much as 5.2% during trading, the stock’s steepest intraday decline in the session. No reason for the drop was given in the available material. The move reflects selling pressure on the Japanese automaker’s shares.
TREE NEWS reports: CertiK is calling for hard dollar caps on crypto exchanges’ hot wallets, arguing that cold storage alone is not an adequate security benchmark. “Cold storage is a useful measure of online exposure, but it is not a standalone security score,” the cybersecurity firm said. The recommendation pushes exchanges to limit the absolute value held in internet-connected wallets rather than relying solely on the share of funds kept offline.
TREE NEWS reports: Japan’s October Economy Watchers’ Outlook Index came in at 46.5, missing the 47.1 forecast and down from 47.4 in September. The reading, which tracks expectations for future economic conditions among workers in sectors sensitive to consumer spending, stayed below the 50 threshold that separates optimism from pessimism.
TREE NEWS reports: CoreWeave and Nebius shares have fallen 44% and 36% respectively over the past month, with both AI cloud firms set to report third-quarter earnings on Nov. 10 and Nov. 12. CoreWeave carries about $50 billion in debt, and its 2031 bonds yielded nearly 16% in mid-October as credit default swap spreads widened to roughly 1,200 basis points. Analysts expect CoreWeave revenue of $3.55 billion and Nebius revenue of $908 million.
TREE NEWS update: Anthropic withdrew a pre-IPO pricing document that had indicated roughly 867 million shares at $70–80 each, aiming to raise up to $69.3 billion, after saying the details were inaccurate. The move came as the company launched its Claude Fable 5.2 and Claude Mythos 5.2 models on Nov. 10, cutting standard API prices to $8 per million input tokens and $40 per million output tokens. Anthropic still plans to list on Nasdaq under the ticker ANT around Nov. 19–20, with recent market estimates putting its valuation near $1.5 trillion.
TREE NEWS reports: Hong Kong initial public offerings have raised $51.9 billion so far this year, the highest in six years and above 2020’s $51.6 billion, putting 2026 on track to be the second-largest year on record and within reach of the 2010 record of $57.8 billion. Ten deals have raised more than $1 billion each, including Zhongji Innolight’s $7.8 billion listing in July and Luxshare Precision’s $3.2 billion listing in June.
TREE NEWS update: Anthropic withdrew its IPO filing shortly after submitting it, as details of a $69.3 billion funding round leaked. Nvidia, Microsoft and TSMC are among the backers committing a combined $26 billion. China’s October exports rose 35.2% year on year in dollar terms, led by AI hardware, while imports climbed 41.6%. The ChiNext index gained 1.49% at midday.
TREE NEWS update: The US releases October CPI at 21:30 Beijing time, with the BLS not publishing the year-on-year figure. ECB executive board member Cipollone speaks at a European Parliament hearing on the digital euro at 22:00, and Fed governor Waller gives a keynote in London at 17:00. CoreWeave reports earnings after the US close.
TREE NEWS update: The US Bureau of Labor Statistics releases October CPI on Tuesday at 21:30, with no year-on-year figure because the October 2025 government shutdown left no comparable base. Economists surveyed by Reuters expect headline CPI up 0.3% month on month, down from 0.6% in September, and core CPI up 0.2%, the smallest gain in three months. The report is the last CPI print before the Fed’s December meeting.
TREE NEWS reports: Japanese semiconductor maker Rapidus is reportedly struggling to achieve mass production on schedule, raising doubts over its timeline for advanced chip manufacturing. The report did not specify the target date or the reasons behind the expected delay. Rapidus is Japan’s state-backed bet on cutting-edge logic chips.
TREE NEWS update: Ningbo-Zhoushan Port’s annual container throughput surpassed 40 million TEU on Nov. 10, the second consecutive year it has reached the milestone after first crossing it in 2025. The port hit the 40 million mark 22 days earlier than it did last year.