Flash News

TREE NEWS reports: Investment firm Seawolf Capital said it is shorting cloud-computing company CoreWeave, arguing the GPU rental model may not hold up because high-end chips have a shorter economic life than assets like oil rigs, aircraft or shipping equipment. Co-founder Vincent Daniel said the short began with an analysis of CoreWeave’s business model, and the firm contends rapidly growing competing chip supply will pressure the company. Seawolf was founded by three traders known from “The Big Short.”

TREE NEWS update: Strategy will hold a special shareholder meeting on Oct. 28 to vote on amending the terms of its STRC, STRF, STRK and STRD perpetual preferred shares to pay dividends daily. The proposal needs majority support from all outstanding common shares, with abstentions and broker non-votes counted as against. Michael Saylor controls 32.9% of voting power, about 17 percentage points short. If approved, STRC would pay daily at a 12% annualized rate in November, totaling $1 per share.

TREE NEWS update: Yingshi Innovation reported nine-month 2026 revenue of 9.436 billion yuan, up 42.73% year on year, while net profit attributable to shareholders fell 93.96% to 47.84 million yuan and non-GAAP net profit dropped 99.31% to 5.13 million yuan. Third-quarter revenue alone reached 3.919 billion yuan, up 33.30%, with net profit down 93.59% to 17.43 million yuan.

TREE NEWS update: Pop Mart’s management said on its third-quarter earnings call that the group’s second-half gross margin is expected to decline from the first half by no more than two percentage points. The company attributed the drop to a lower projected share of overseas revenue and to proactive price adjustments on some products in certain overseas markets to boost competitiveness. Higher fixed costs from new stores in core overseas markets are also expected to push the overall expense ratio above first-half levels.

TREE NEWS reports: Honor has placed two additional orders with Tianma for screens used in the standard edition of its Magic9 smartphone, with Tianma the exclusive supplier for that panel, supply-chain sources said. The follow-on orders come as the Magic9 series draws strong feedback and is priced competitively. Honor also switched its WIN2 series to Visionox 2K 185Hz displays, after using Tianma’s 6.83-inch 1.5K 185Hz panel on WIN1.

TREE NEWS update: Ten active ETFs in China have completed fundraising and each exceeded the 20 billion yuan subscription cap, triggering pro-rata allotment. China Asset Management, Dacheng Fund and Huatai-PineBridge are among the managers, with China Asset Management and Dacheng announcing after the October 27 close that their active ETFs ended fundraising early and will partially confirm valid subscription applications from that day on a last-day pro-rata basis. China Merchants Fund’s active ETF has also ended fundraising early and will begin pro-rata allotment, channel sources said.

TREE NEWS update: The Securities Association of China on Oct. 27 sent brokerages a notice feeding back their 2026 investment banking business quality evaluation scores, covering 94 participating securities firms. The association has compiled, reviewed and calculated the scores and will use them as the main basis for the formal evaluation. The official 2026 results are now due imminently.

TREE NEWS update: China Securities Index Co. said it will officially launch the CSI All Share Value Index and the CSI All Share Growth Index on October 28, 2026, expanding the range of investable benchmarks available to the market. The two indices will track value and growth styles across the full A-share market. The company disclosed the timetable in a formal announcement.

TREE NEWS update: United Parcel Service said it expects full-year revenue of about $92.6 billion, up from its prior outlook of roughly $91.2 billion and above the $91.79 billion market estimate. The company still expects full-year capital expenditure of about $3 billion, in line with market expectations of $3 billion.

TREE NEWS update: BYD said on its investor interaction platform on October 27 that its smart-driving and other innovation businesses will advance steadily, noting these operations remain in a development stage where challenges and opportunities coexist. The automaker said its growth in new energy vehicles and energy storage is rooted in long-term R&D and supply-chain accumulation, and that it will focus on solid operations to reward investors.

TREE NEWS update: GigaDevice repurchased 3.01 million shares, or 0.43% of total share capital, for a total of RMB 1.115 billion as of the announcement date, the company said. The buyback was conducted through centralized bidding at prices ranging from RMB 271.43 to RMB 411.95 per share, averaging RMB 370.64. The repurchased shares will be cancelled to reduce registered capital.

TREE NEWS update: Kingsoft Office reported third-quarter revenue of RMB1.766 billion, up 16.11% year on year, with adjusted net profit attributable to shareholders of RMB539 million, up 8.44%. For the first nine months of 2026, revenue reached RMB5.08 billion, a 21.57% increase. The results were released after market close on October 27.

TREE NEWS update: Nanya New Material said it is planning an overseas issuance of H shares and a listing on the Hong Kong Stock Exchange. The company disclosed the plan without giving a timetable, offering size or use of proceeds. No further details were provided.

TREE NEWS update: Shanghai Mifei Technology Co., Ltd.’s STAR Market IPO review status has been changed to “under inquiry,” according to the Shanghai Stock Exchange’s official website. The status update marks the next procedural step in the Shanghai-based company’s listing application. No further details on the review timeline or the offering were disclosed.

TREE NEWS update: Pop Mart said it sees huge growth potential in overseas markets. The Chinese collectible-toy maker did not provide specific figures or a timeline for its international expansion plans in the disclosure.

TREE NEWS update: Eoptolink said it expects fourth-quarter order demand to remain positive and foresees production and shipment volumes rising substantially from prior levels, responding to an investor question on its interactive platform about order, shipment and capacity-expansion status. The company was also asked about undisclosed negative news and measures to stabilize its share price and market value after a sharp decline.

TREE NEWS update: Pop Mart COO Si De said at the company’s third-quarter earnings call that China market performance remains solid and healthy, and full-year sales are still expected to achieve year-on-year growth. He added that the company will work to capture sales opportunities in the traditional peak season of the fourth quarter while preparing for next year.

TREE NEWS update: Anthropic filed an IPO registration statement with the SEC on Oct. 26 to list on Nasdaq under the ticker ANT. The AI company reported first-half 2026 revenue of $16.286 billion, about 14 times the year-earlier period, alongside a net loss of $80.748 billion, of which about $72.388 billion stemmed from fair-value changes on financial instruments. Final pricing and valuation remain undetermined.

TREE NEWS reports: US stock index futures reversed into positive territory, with Dow Jones futures rising 0.17%, S&P 500 futures gaining 0.08% and Nasdaq 100 futures up 0.08%. The move marks a turnaround for the contracts after earlier weakness.

TREE NEWS reports: Mercedes-Benz shares dropped 3.5% after the automaker lowered its earnings guidance, cutting the adjusted sales return outlook for its passenger car division to 2% to 3%. The revised target marks a sharp reduction from prior expectations for the core unit.