Flash News

TREE NEWS update: Xinyuren said it and its actual controller Yang Zhiming received a case-filing notice from the China Securities Regulatory Commission on October 13, 2026, over suspected violations of information disclosure laws. The CSRC has opened a formal investigation into the company and Yang. Xinyuren said its operations and business are running normally and that it will actively cooperate with the regulator.

TREE NEWS update: CATL said it will commit 400 million yuan as a limited partner in Shanghai Shidai Chenyuan Venture Capital Partnership, taking a 26.64% subscribed share of the fund. The fund’s total subscribed capital is 1.502 billion yuan, targeting new energy and future energy, the intersection of AI and digital technology with energy and power, artificial intelligence, and future industries. The investment is not a related-party transaction or major asset restructuring.

TREE NEWS reports: JPMorgan reported third-quarter adjusted revenue of $50.91 billion, below the $51.37 billion market estimate. EPS came in at $5.57, or $5.75 adjusted, while FICC sales and trading revenue was $5.37 billion against a $6 billion forecast. Equities sales and trading revenue reached $4.95 billion, beating the $4.47 billion estimate. JPMorgan shares fell nearly 3% in premarket trading.

TREE NEWS update: Jio Platforms’ initial public offering has attracted more than $20 billion in subscriptions, the Indian telecom operator’s listing drawing demand well beyond the deal size. The figure covers bids placed for the IPO, which marks one of India’s largest share sales. No pricing or listing date was given in the material.

TREE NEWS reports: Wells Fargo reported third-quarter revenue of $21.87 billion, below the $22.31 billion market estimate, with earnings per share of $1.87. Net interest income came in at $12.52 billion, also short of the $12.59 billion consensus. The bank’s shares edged higher in pre-market trading.

TREE NEWS update: Metaplanet plans to issue $329 million in zero-interest convertible bonds with a five-year maturity, aimed at improving its debt structure and reducing reliance on Bitcoin-collateralized loans without selling its holdings. The Tokyo-listed Bitcoin treasury company said the bonds will also fund share buybacks and repay existing debt.

TREE NEWS update: Johnson & Johnson reported third-quarter sales of $25.40 billion, matching the $25.4 billion estimate, with adjusted earnings per share of $2.59 versus $2.52 expected. The company guided full-year sales to $101.0–101.4 billion, against a market estimate of $101.24 billion, and raised full-year adjusted EPS guidance to $11.05–11.15 from $10.96–11.11. J&J shares fell nearly 1% in US premarket trading.

TREE NEWS update: Inspur Information said it expects net profit attributable to shareholders of RMB 3.80-4.10 billion for the first three quarters of 2026, up 156.40%-176.64% year on year. The company attributed the gain to rapid growth in the AI industry and strong server demand, alongside an expanded product line and higher value-added products.

TREE NEWS update: Metaplanet plans to raise ¥52 billion through a bond sale, using the proceeds to replace some Bitcoin-collateralized borrowing with unsecured debt and to fund up to ¥28.3 billion in share repurchases. The Tokyo-listed Bitcoin treasury company is restructuring its debt away from crypto-backed loans toward unsecured borrowing.

TREE NEWS update: Domino’s Pizza reported third-quarter revenue of $1.19 billion, topping analysts’ estimate of $1.17 billion. The pizza chain’s quarterly top line came in ahead of consensus, though no profit figures or same-store sales were disclosed in the release. The results cover the quarter ended September 2025.

TREE NEWS reports: UnitedHealth reported third-quarter adjusted earnings per share of $4.69, beating the $4.12 market estimate, on revenue of $112.69 billion, down 0.4% year over year but above the $111.03 billion expected. The operating margin came in at 5.8%. The company guided full-year adjusted EPS to at least $20.50, up from a prior range of $19.50-$20.00 versus the $19.85 consensus, and its shares rose more than 3% in premarket trading.

TREE NEWS reports: Liang Hong, founder of the 10-billion-yuan private fund Hainan Xiwa, said in a weekly letter to fund holders that unidentified insurance asset managers bought Chinese tech stocks at July highs and then sharply cut positions in late September to stop losses. He said long-term capital that should act as a market stabilizer instead amplified the decline. Insurers declined to comment on short-term market moves.

TREE NEWS reports: Goldman Sachs chief China equity strategist Kinger Lau and team said in a report that Chinese AI-related listed companies have created nearly $5 trillion in market value through share price gains and IPOs since the “DeepSeek moment” at the start of 2025. AI stocks now account for 42% of total A-share and Hong Kong market capitalization and 57% of total turnover. China holds roughly 50% global market share in some AI power and infrastructure segments.

TREE NEWS update: Chinese game developer Glacier Network said it expects a net loss attributable to shareholders of 125 million to 178 million yuan (about $17.4M-$24.8M) for Jan. 1 to Sept. 30, 2026, versus a 502 million yuan profit a year earlier. Excluding non-recurring items, the loss is projected at 169 million to 222 million yuan. Third-quarter net loss is seen at 107 million to 152 million yuan, compared with a 166 million yuan profit a year ago.

TREE NEWS update: CNN is taking its paid streaming service beyond the United States, extending the subscription product to international markets. The network did not disclose which countries are first or a launch timetable. The move deepens CNN’s push into direct-to-consumer subscription revenue as traditional cable distribution erodes.

TREE NEWS reports: Goldman Sachs said high-bandwidth flash (HBF) and other new NAND technologies could ease the AI “memory wall” and cut AI infrastructure costs, with a potential market of $40 billion to $150 billion assuming GPU adoption of 15% to 50%. The bank maintained Buy ratings on SanDisk and SK Hynix for their HBF lead, said Samsung Electronics should also benefit, and kept Micron at Neutral given its DRAM and HBM focus.

TREE NEWS reports: Morgan Stanley said memory-chip stocks typically peak before earnings do, making them look cheapest when the cycle is at its top. Asian memory shares have risen about ninefold since the cycle began in September 2025, with consensus EPS estimates revised up 432%, while Samsung and SK Hynix trade at roughly 3-4x forward earnings. HBM pricing is near seven times its historic peak, but Morgan Stanley said DRAM contract prices would need to rise about 70% quarter-on-quarter to justify further gains.

TREE NEWS update: Metaplanet’s board approved a buyback of 96,934,800 common shares — about 7.1% of shares outstanding excluding treasury stock as of Sept. 30, 2026 — at ¥261 per share, the Oct. 13, 2026 closing price. The Japanese bitcoin treasury company will place the buy order through the Tokyo Stock Exchange’s ToSTNeT-3 off-auction mechanism at 8:45 a.m. on Oct. 14, with total consideration of roughly ¥25.2999 billion. The number of shares to be repurchased will not be adjusted, and final results will be disclosed after the session.

TREE NEWS reports: Tesla still holds roughly 8,430 bitcoin, worth about $960 million. The company bought $1.5 billion of bitcoin in February 2021, sold about 4,670 BTC between March and April 2021 for a gain of roughly $100.2 million, and moved about 30,690 BTC to Coinbase during the May 2022 LUNA collapse, when the market widely assumed it had sold most of its holdings. Tesla did not further reduce its bitcoin position during the FTX collapse in 2022.

TREE NEWS update: Character.ai filed for Chapter 11 bankruptcy protection in Delaware to pursue a sale of all or most of its assets. A Disney subsidiary has agreed to pay $20 million plus transition services for a non-exclusive perpetual license to some intellectual property and related claims, serving as initial stalking-horse bidder subject to higher offers. The sale is expected to close in late November or early December; the platform plans to keep operating, but will wind down if no buyer supports continued operations.