Flash News

TREE NEWS update: Li Auto will offer its self-developed Mach chips and silicon carbide modules to outside customers, senior executive Ma Donghui said at a media briefing. The chips are small and broadly compatible, so other manufacturers can adapt them, while Li Auto’s custom PACK battery pack will stay in-house because it is tailored to the company’s own vehicles and production capacity. Standardized in-house components can be sold externally, he said.

TREE NEWS update: Shenzhen-listed Jiangbolong completed a share repurchase of 2.2906 million shares, paying approximately 800 million yuan, the company said. The buyback has now been fully implemented. No further details on pricing or timing were disclosed.

TREE NEWS reports: U.S. spot bitcoin ETFs drew $433 million on Friday, narrowly avoiding a second consecutive losing week. The inflows came as bitcoin pushed back above $81,000. Without Friday’s haul, the funds would have closed the week in net outflows for a second straight period.

TREE NEWS update: Keda Manufacturing said its subsidiary Fujian Keda New Energy plans to sign an investment cooperation agreement with the Tumd Right Banner government to build an integrated 500,000-ton-per-year graphite anode materials project for about RMB 4.5 billion. The company said the investment fits its lithium-battery materials strategy and will help it capture market opportunities and expand business scale.

TREE NEWS update: Galaxy Microelectronics announced it will invest RMB 1.078 billion of its own or self-raised funds in a high-end core device industrialization and innovation capability project. The project continues the company’s previously disclosed first-phase plant construction for a high-end IC discrete device industrialization base, and involves plant renovation, equipment procurement and installation, production line commissioning and customer validation, with no new civil construction.

TREE NEWS update: Yunjia Technology said on September 21 it plans to adjust its 2025 private placement of A-shares to specific investors, cutting the total fundraising target to no more than 810 million yuan from 875 million yuan. All other terms of the original issuance plan remain unchanged, the company said in a filing.

TREE NEWS update: Li Auto President Ma Donghui said on Sept. 21 that the automaker’s self-developed Mach chip and silicon carbide modules can be supplied to external customers, adding that external sales of such standardized components help amortize R&D costs. Battery packs, however, are difficult to supply externally due to capacity and compatibility constraints, he said in an interview.

TREE NEWS reports: A tech blogger’s leak indicates Apple is testing a bezel-less quad-curved design for the iPhone 20 Pro series, with an early screen spec of a 6.41-inch display at roughly 2686×1236 for the Pro and a 6.96-inch panel at about 2912×1340 for the Pro Max. The tipster says the screens use a punch-hole cutout, described as a small Dynamic Island.

TREE NEWS reports: US crypto-linked equities widened their premarket gains, with Strategy (MSTR) rising 7.09% to $164.84. Coinbase Global (COIN) gained 5.09% to $203.99, Circle (CRCL) added 5.94% to $97.23 and Robinhood Markets (HOOD) climbed 4.07% to $124.70. Sharplink (SBET) rose 5.78% to $9.94 and CEA Industries (BNC) jumped 11.04% to $6.64.

TREE NEWS update: Taobao has launched its Singles’ Day overseas campaign simultaneously across 20 global markets, with more than 1.2 million merchants taking part. The platform is expanding cross-border offerings beyond small, light items into mid-size and large categories such as furniture and building materials, with over 90% of those goods eligible for direct overseas shipping. Taobao will also add a Discover channel, overseas rankings and curated lists to its homepage.

TREE NEWS reports: US stock index futures continued to climb, with Nasdaq futures extending gains to 1%. The move reflects sustained upward momentum in equity futures trading.

TREE NEWS update: Novo Nordisk CEO said an additional 4,000 employees are leaving the company, bringing total layoffs tied to business integration to 13,000. The company will create a new business segment named Blood and Endocrine Diseases. Liver disease and cardiovascular disease remain clear expansion directions despite recent setbacks.

TREE NEWS update: Novo Nordisk CEO said Wegovy oral tablets have reached 7 million prescriptions in the United States, adding that the company has “significantly gained market share” over the past few months. The company will also strengthen its diabetes business, the CEO said.

TREE NEWS update: Some Stelato-brand stores and user centers under the HarmonyOS Smart Cockpit dealer network have officially opened, a person familiar with BAIC BluePark said on Sept. 21. The Stelato network, planned jointly by BAIC and Huawei, has been under construction since last year and is being rolled out on schedule, the person said. It operates inside the HarmonyOS Smart Cockpit channel system under unified management rather than as a separate network.

TREE NEWS reports: Hong Kong stocks closed higher, with the Hang Seng Index up 1.18% and the Hang Seng Tech Index up 0.4%. Shengyi Technology gained nearly 13%, Junshi Biosciences rose over 12%, Hengrui Pharmaceuticals climbed more than 6%, and China Vanke advanced over 5%.

TREE NEWS update: Accenture shares gained 6.1% in US pre-market trading after the company announced a partnership with Anthropic involving a $2 billion investment in artificial intelligence evaluation. The deal pairs the consulting firm with the AI developer on AI assessment work. No further terms were disclosed.

TREE NEWS reports: Warner Bros. Discovery shares rose 7% and Paramount gained 5.8% in premarket trading after reports that Paramount and the California attorney general are discussing concessions including a $1.5 billion investment. The talks concern terms that could resolve the state’s objections to the deal.

TREE NEWS reports: Shengyu Technology shares closed up 9.23% at 248 yuan on September 21, giving the PCB maker a market value of 237.3 billion yuan, after market talk that it had won 70% of a North American client’s orthogonal backplane orders and that Google’s TPU PCB guidance had doubled. The company declined to confirm, saying cooperation details with specific clients are confidential and that it has made no forecast or commitment on second-half results.

TREE NEWS reports: Novo Nordisk shares dropped more than 1% in US pre-market trading. The move came before the market open, with no further details disclosed in the material.

TREE NEWS update: Novo Nordisk said it plans to launch more than five blockbuster products by 2030, with pipeline sales exceeding DKK 150 billion by 2035. The Danish drugmaker also aims to expand capacity by 2030 to serve 10 times as many obesity patients using oral GLP-1 treatments. It expects to keep its adjusted operating margin broadly stable through 2030 and maintain an attractive dividend per share.