Flash News

TREE NEWS update: Kao Group’s SOFINA brand will close its flagship stores on Douyin and Tmall on Dec. 1, 2026, ending product sales through those channels, the brand announced. Kao said on Nov. 4 that the closures reflect a brand strategy upgrade and operational adjustment and do not mean SOFINA is exiting the Chinese market. The brand will consolidate online operations around cross-border e-commerce channels.

TREE NEWS update: Nearly 180 new brands have entered the top ten of their respective categories during this year’s Tmall Double 11 shopping festival, the vast majority of them Chinese domestic brands, Tmall brand marketing strategy center and new consumer marketing director Lin Jianhao said on November 4 at a Tmall Double 11 Chinese brand growth briefing. The figure was disclosed at the event in Hangzhou.

TREE NEWS update: MDPI held its third Physics & Mathematics Summit at Zhejiang University in Hangzhou from Oct. 29 to 30, under the theme “Macroscopic Quantum Effects: Frontiers and Applications.” The event, hosted by MDPI and organized by Zhejiang University, gathered academicians and leading scholars in physics and mathematics along with nearly 100 university faculty, students and researchers.

TREE NEWS update: China General Nuclear Power Group (CGN) and more than 60 Chinese and foreign organizations launched a “six-in-one” gas turbine industry platform in Shenzhen and Malacca on November 4, covering technology, digital, practice, talent, industrial chain and ecosystem cooperation. CGN also showcased its Malacca gas turbine skills training center, built to Chinese standards. The company’s overseas gas-fired installed capacity is nearly 5.7 GW, including five plants in Malaysia.

TREE NEWS update: CITIC Securities has issued a RMB 228 million inter-institutional REIT backed by a 100MW wind farm in Jiaxian County, Yulin, Shaanxi, sponsored by Envision Energy Co., Ltd. The asset-backed special plan, listed on the Shanghai Stock Exchange, is managed by CITIC Securities and carries a carbon-neutral designation. The underlying wind project achieved full-capacity grid connection on January 22, 2026.

TREE NEWS update: The Kremlin said a trilateral meeting will focus on security guarantees, commenting on the meeting arrangements of US President Donald Trump’s wife Melania Trump. No further details on participants or timing were provided in the statement.

TREE NEWS update: Synopsys has expanded access to its advanced chip design capabilities through a European chip design platform, the company said. The move broadens availability of the firm’s design tools to European users via the platform. No financial terms or specific platform partners were disclosed.

TREE NEWS reports: Canada recorded a trade surplus of C$5.35 billion ($3.83 billion) in September, the largest since May 2022, driven by higher shipments of gold and energy exports to the United States. Statistics Canada said increased deliveries of those goods lifted exports to the U.S. by 0.7%, widening Canada’s trade surplus with its largest trading partner to C$12.3 billion from C$12.1 billion in August.

TREE NEWS reports: WTI crude oil fell 3% intraday to trade at $93.21 a barrel. The move marks a sharp single-session decline in the U.S. benchmark, with the price quoted at $93.21 per barrel at the time of the drop.

TREE NEWS reports: Dow futures extended gains to 2% on Wednesday, while S&P 500 futures rose 1.2% and Nasdaq 100 futures added 0.4%. The moves point to a higher open for U.S. equities, with blue-chip futures outpacing tech-heavy contracts.

TREE NEWS reports: An attacker behind the Mercado Bitcoin breach has swapped stolen tokens for $10.55 million in ETH, Arkham said. The blockchain analytics firm traced $13.26 million leaving wallets labelled as belonging to the Brazilian exchange, while Mercado Bitcoin has raised its estimate of blocked assets to $12.9 million.

TREE NEWS reports: European equities extended their advance, with Germany’s DAX rising 2% and the Euro Stoxx 50 and France’s CAC 40 gaining more than 2%. The UK’s FTSE 100 rose nearly 2% in the same session.

TREE NEWS reports: The Secured Overnight Financing Rate (SOFR) stood at 3.97% on Nov. 3, the day of the US midterm elections, up from 3.95% the previous trading day. The benchmark overnight lending rate edged higher as markets absorbed the election-day session.

TREE NEWS update: France has backed an amendment requiring taxpayers to report self-custodied crypto holdings worth at least €100,000 ($112,000). The measure, which would mandate disclosure of digital assets held outside regulated platforms, still needs to survive the country’s budget process before becoming law.

TREE NEWS update: Qualcomm shares gained more than 4% in US premarket trading after SpaceX selected the chipmaker to partner on accelerating its Starlink business. The tie-up pairs SpaceX’s satellite internet service with Qualcomm technology, though financial terms and the scope of the collaboration were not disclosed.

TREE NEWS update: Chinese Foreign Minister Wang Yi met separately in Beijing on September 4 with Vietnamese Foreign Minister Le Hoai Trung and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn, who were in China to attend the 11th Lancang-Mekong Cooperation Foreign Ministers’ Meeting. Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, held the two meetings on the same day.

TREE NEWS update: China and the United Arab Emirates held their third round of consular consultations in Abu Dhabi on November 4, 2026, co-chaired by Long Zhou, director-general of the Chinese Foreign Ministry’s Department of Consular Affairs, and Sheikh Hissa, assistant undersecretary for consular affairs at the UAE Foreign Ministry. The two sides exchanged views on China-UAE consular relations, facilitating personnel exchanges and protecting the safety and lawful rights of overseas citizens.

TREE NEWS update: Apple Intelligence has officially launched its Beta test in China, opening features including Visual Intelligence. Dewu App became one of the first applications in the Chinese market to integrate Apple’s Visual Intelligence feature. Users can photograph products of interest with an iPhone camera to search for related items on Dewu, then view product details, historical price trends, AI interpretations and genuine user reviews to inform purchase decisions.

TREE NEWS update: The US Treasury has revised its guidance on adjusting the size of future debt auctions. The change affects how the Treasury plans to scale auction sizes going forward. No specific figures or effective dates were provided in the announcement.

TREE NEWS update: China’s National Energy Administration Director Wang Hongzhi and Canadian Minister of Energy and Natural Resources Tim Hodgson held the first China-Canada energy ministerial dialogue via video conference on Nov. 4 Beijing time (Nov. 3 Ottawa time). The two sides convened the inaugural ministerial-level talks.