Flash News

TREE NEWS update: Longban Media disclosed that its AI video business generated about 80 yuan in June and 75,000 yuan in July, less than 0.01% of audited 2025 revenue. The company stated the impact on performance is insignificant now and expected to remain so.

TREE NEWS update: Li Auto will invest 2.65 billion yuan ($370 million) in Sunwoda Electric Vehicle Battery, a subsidiary of Sunwoda Electronic, acquiring an 8.79% stake. Post-investment, Li Auto entities will hold 11.17% indirectly. The company said the move deepens collaboration, upgrading from joint R&D to a long-term partnership in battery manufacturing.

TREE NEWS update: The Shanghai Stock Exchange announced that Baidu will be added to the list of eligible stocks under the Shanghai-Hong Kong Stock Connect scheme. Effective immediately, the move allows mainland investors to trade Baidu shares through the southbound link, enhancing the company’s access to a broader investor base.

TREE NEWS update: Zhongji Innolight announced that its actual controller Wang Weixiu has released a pledge of 1.35 million shares with GF Securities, representing 1.94% of his holdings and 0.11% of total shares. As of the announcement date, Wang and his concert parties have 5.328 million shares pledged, accounting for 2.76% of their combined holdings.

TREE NEWS update: On September 3, NIO founder and CEO William Li said the auto industry has entered the most brutal phase of the marathon’s final stretch, with industry-wide profits under sustained pressure and sales and manufacturing margins at low levels. He noted that while single-vehicle costs have risen—memory chips up 10,000 yuan and batteries up 3,000-4,000 yuan—NIO will maintain price stability in the second half of the year.

TREE NEWS update: Sunwoda announced its subsidiary Sunwoda Power will issue new shares to Li Auto, which will invest 2.65 billion yuan to subscribe for 1.4 billion yuan of new registered capital, acquiring an 8.79% stake post-increase. The plan was approved by the board. Sunwoda Huizhou New Energy’s stake will drop from 26.38% to 24.06%, but the unit remains consolidated.

TREE NEWS update: Liyang Chip announced it terminated its planned acquisition of a 100% stake in Guoxin Micro. The two parties signed a termination agreement on September 4, 2026, citing immature transaction conditions. No payments were made, and the termination will not impact operations or finances.

TREE NEWS update: Fuhuang Steel Structure announced that as of Sep 3, 2026, 280 of its 411 bank accounts were frozen, with frozen balances totaling RMB 104 million, representing 68.13% of accounts and 63.92% of total balances. The company’s shares will halt trading on Sep 7 and resume on Sep 8 under the ‘ST Fuhuang’ designation due to other risk warnings.

TREE NEWS reports: Fuda Alloy (603045.SH) fell sharply on Sept 4, touching the daily limit-down before closing at 49.98 yuan, down 9.04%. The company attributed the drop to multiple factors, noting its controlling shareholder’s reduction plan is being executed as previously disclosed. It also said silver, a raw material, is stocked in advance, and price fluctuations could impact inventory and earnings.

TREE NEWS update: GAC Group announced on Sept 4 that its vehicle sales from January to August totaled 1.0126 million units, maintaining positive year-on-year growth. New energy vehicle sales surged 63.06% to 368,200 units, while energy-saving vehicles grew 3.30% to 288,700 units. Consequently, the combined share of NEV and energy-saving vehicles reached 64.86%, up over 14 percentage points.

TREE NEWS update: The Shanghai Stock Exchange said this week it is closely monitoring stocks with large price fluctuations, including Aili Home. The exchange’s statement aims to curb excessive speculation and maintain market order.

TREE NEWS reports: Federal Reserve Governor Christopher Waller signaled support for holding rates steady unless inflation data surprises, boosting markets on Sept. 3. The Dow rose 1.08%, Nasdaq 1.2%, and S&P 500 1.04%, with Tesla and Oracle gaining over 4%. Gold, silver, and bitcoin also climbed, but AI hardware lagged. Next week’s CPI data is now the key variable.

TREE NEWS update: The China Securities Regulatory Commission (CSRC) has penalized Yuandao Communication Co., Ltd. and its chairman Li Jin, director Wu Zhifeng, and deputy general manager and CFO Cao Yalei for fraudulent issuance and information disclosure violations. Between 2019 and 2022, Yuandao inflated operating revenue by fabricating work confirmation orders, and its securities issuance documents contained major false content, with false records in its 2022 annual report.

TREE NEWS reports: JPMorgan reduced its stake in Zhongji Innolight’s H shares to 13.67% on August 31, down from 15.59%. The adjustment reflects a decrease in the bank’s holdings in the optical module maker.

TREE NEWS update: JD Logistics announced that Wu Hao has resigned as CFO to take a new role at JD Group, effective September 4, 2026. Mao Jun has been appointed as the new CFO, succeeding Wu.

TREE NEWS reports: US spot bitcoin ETFs recorded their largest single-day net inflow since January, totaling $731 million. Analysts attributed the surge to dovish comments from Federal Reserve Governor Christopher Waller, which boosted risk appetite for digital assets.

TREE NEWS update: Longsys has priced its H-share offering at HK$236.00 per share, effective September 4, 2026. The final offer price was confirmed in a company announcement, paving the way for the listing on the Hong Kong Stock Exchange.

TREE NEWS update: Bilibili announced plans to issue $700 million in convertible senior notes, alongside an equity placement and share repurchase program. The move aims to raise capital and return value to shareholders. Details on the terms and timing were not disclosed.

TREE NEWS update: A record 82 new funds began offering this week in China, the highest weekly launch count on record. Among them, the first batch of eight ChiNext computing infrastructure ETFs started sales on September 4. A total of 167 funds are currently marketing or about to launch, with equity funds and yield-enhanced fixed-income products leading issuance.