TREE NEWS reports: US enterprises spent 89% of their open-source AI model budgets on Chinese models. Kimi accounted for 61% of that spending and DeepSeek for 15%, ranking first and second. The figures cover US corporate spending on open-source models.
TREE NEWS update: Zhongji Innolight, Eoptolink, Luxshare Precision, Dongshan Precision, Tianfu Communication and Hygon Information, among other listed companies, announced at midday that they will fully use policy tools, including share buybacks, to safeguard company value and investor interests. The companies issued the statements simultaneously during the midday trading break.
TREE NEWS reports: Cathie Wood’s Ark Invest bought $2.44 million worth of Coinbase shares on Thursday, as the crypto exchange’s stock fell 9.69% amid a broader market sell-off. The purchase adds to Ark’s position in Coinbase during the decline.
TREE NEWS update: Tianfu Communication said it will hold a shareholder meeting on Nov 9, 2026, to vote on its share buyback plan. The company noted the People’s Bank of China’s Nov 4, 2026, move to cut interest rates on relending facilities that support stock buybacks and stake increases, and said it will study and apply such policy tools in compliance with regulations to protect company value and shareholder interests.
TREE NEWS update: Eoptolink Technology said in a midday filing on November 5 that it has repurchased nearly 800 million yuan of its shares through a dedicated securities account via centralized bidding. The company said production and operations are normal and orderly, its order backlog is ample, order delivery and capacity expansion are progressing in line with business demand, and its main business is maintaining sound development. It will use the stock buyback and increase relending policy tool to continue supporting company value and investor interests.
TREE NEWS update: Zhongji Innolight said in a filing that it will use buyback relending policy tools, based on its financial position and market conditions, to repurchase shares and protect company value and investor interests. The company did not disclose a buyback size or timeline, saying specific details will be subject to subsequent filings.
TREE NEWS update: Iran has submitted a proposal on nuclear issues to the United States through Qatar, a senior Iranian official said on the 5th. The official, speaking on condition of anonymity, said Washington is studying the proposal, which would be discussed after the US accepts seven conditions set by Iran, and declined to provide further details. Mediators are intensifying efforts amid concerns that US-Iran tensions could escalate again after the US midterm elections.
TREE NEWS update: Zhongji Innolight said in a midday filing that industry demand remains strong, with major customer orders already covering all of 2027 and some key clients giving clear demand guidance for 2028. The company expects 800G and 1.6T orders to keep growing rapidly, while demand for next-generation optical interconnect products such as NPO and XPO will gradually emerge in the second half of next year. It is actively preparing materials and capacity for a stronger ramp in 2027.
TREE NEWS update: China’s Ministry of Finance issued a 1-year bond worth 120 billion yuan on Wednesday, with an issuance yield of 1.1403% and a marginal yield of 1.1704%. The yield came in above the expected 1.1300%, while the bid-to-cover ratio was 3.12 times and the marginal bid ratio was 8.90 times.
TREE NEWS update: China’s National Development and Reform Commission Chairman Zheng Shanjie and Australian Treasurer Jim Chalmers co-chaired the sixth China-Australia Strategic Economic Dialogue on November 5 via video link. The two sides exchanged views on the macroeconomic situation, energy security and the energy transition, investment trends and medium- and long-term development planning.
TREE NEWS reports: India’s 10-year government bond yield rose 5 basis points to 7.22%, moving higher on the day. The benchmark yield’s move reflects the latest turn in the government securities market, with the 10-year paper trading at 7.22%.
TREE NEWS reports: China’s ChiNext Index fell 3.5% by the midday close on Nov. 6, with more than 4,500 stocks across Shanghai, Shenzhen and Beijing trading lower. The Shanghai Composite dropped 1.14% and the Shenzhen Component lost 2.22%, while half-day turnover reached 1.13 trillion yuan. Agriculture, power grid and banking sectors led gains; computing hardware, semiconductors, liquor and gaming shares lagged.
TREE NEWS update: China Mobile officially launched its Intelligent Network on November 6 at the 2026 Mobile Network Conference. The network is a networked AI infrastructure built in coordination with communications and computing networks. Acting as a switch and router for intelligent elements, it aims to support upper-layer AI applications that are more ubiquitous, efficient, secure and resilient.
TREE NEWS update: Base switched to 0.2-second block times at 1 p.m. ET Thursday with the activation of its Denim upgrade, down from two seconds. Any timer started since then that counts blocks instead of minutes now runs out 10 times faster. The change makes the Coinbase-backed Layer 2 chain’s block production ten times quicker than before.
TREE NEWS reports: China recorded 496,000 patent transfer and licensing filings in the first three quarters of the year, up 7.1% year on year, with filings from universities and research institutes rising 20.3%. The country’s total import and export of intellectual property royalties reached 331.59 billion yuan, maintaining steady growth. China ranked among the global top 10 for the second consecutive year in WIPO’s 2026 Global Innovation Index and has led all countries in the number of top 100 innovation clusters for four straight years.
TREE NEWS reports: Nasdaq rose 43.42% in 2023 and 28.64% in 2024 under Democratic President Joe Biden, while Nvidia’s data-center revenue climbed from $15.005B in FY2023 to $115.186B in FY2025. The record undercuts the claim that Democratic victories threaten the AI industry, an analysis argues, noting Biden signed the $52.7B CHIPS and Science Act and convened AI data-center talks in September 2024. Data-center siting disputes now cut across both parties.
TREE NEWS update: China’s National Development and Reform Commission said on Nov. 6 that energy supply for the winter heating season will meet overall demand, with September coal output at 385 million tons and October output rising further month-on-month. Coal inventories for power generation remain high, and over 200 billion cubic meters of natural gas resources have been secured for the heating season, with underground storage filled to capacity.
TREE NEWS reports: The Nasdaq fell 5.52% to 24,315.00 and the Philadelphia Semiconductor Index dropped 12.25% to 9,011.14 after Democrats won Senate control and more than 250 House seats, putting a national data center moratorium on the policy agenda. Bitcoin fell 5.57% to $75,949.75 and ether 7.77% to $2,234.07, with over $1.03 billion in liquidations across crypto in 24 hours. Strategy (MSTR) fell 9.29%, closing at 0.85 times the value of its bitcoin holdings.
TREE NEWS reports: China’s 10-year government bond yield for the “26附息国债16” fell 0.95 basis points to 1.5790%, setting a new all-time low. The 30-year “26超长特别国债04” yield dropped 1.45 basis points to 2.0360%. The 30-year treasury futures main contract rose as much as 0.35%.
TREE NEWS reports: The overnight Shanghai Interbank Offered Rate (SHIBOR) stood at 1.2830% on the latest fixing, up 2.00 basis points. The seven-day SHIBOR rose 2.30 basis points to 1.3460%, while the three-month rate was unchanged at 1.3980%. The moves reflect short-term funding conditions in China’s interbank market.