【Tech Circle】 Ren Zhengfei's Latest Speech: The World's March Towards the AI Tide is Irresistible On the date, the official website of Huawei's Beijing headquarters released a summary of a symposium where Ren Zhengfei spoke with the chairman, coaches, and award-winning athletes. During the discussion, in response to questions from athletes from different countries, Ren Zhengfei addressed issues related to artificial intelligence and technological development in various countries, and also shared his views on entrepreneurship, talent cultivation, and other topics. Ren Zhengfei believes that the world's trend towards artificial intelligence is unstoppable.

Huawei announced on its Weibo account that the Huawei product will officially go on sale at a specific time on a certain date. The product is equipped with Huawei's self-developed sound algorithm and starts at a price of RMB.

【Internet】 The longest Double 11 in history has arrived. In the past, the 11th day of the month was the time when consumers paid the balance to participate in the first wave of the Double 11 promotion. However, this year, the 11th day of the month has become the second wave node of the Double 11 promotion cycle for platforms like Taobao and JD.com. As early as the 1st day of the month, platforms such as Taobao, JD.com, and Pinduoduo launched the Double 11 promotion. According to the plan, multiple platforms will start the third round of promotion on the 11th day of the month. It is reported that at 8 PM on the 10th day of the month, Tmall's Double 11 officially began selling. In addition to the official discounts and cross-store full reductions, there are also large-value consumer coupons. Moreover, for the first time, it supports combining government-subsidized and non-subsidized products in a single order, and can be stacked with multiple Tmall Double 11 discounts, with an immediate reduction upon payment.

Station Responds to "Suspected Employee Manipulating Live Stream Raffle Probabilities" On the date, the official account of Bilibili Live Stream released a statement regarding "suspected employee manipulating live stream raffle probabilities": In response to the recent incident where the station account "璞煜" claimed to be an internal employee and was suspected of manipulating the raffle probabilities in live streams, after verification, the real-name registration information of this account and all associated accounts does not belong to any current or former employees of the station. Due to the suspected dissemination of false identity information, the account has been temporarily suspended. Regarding the abnormal winning situations, we have established a special task force to investigate and will handle the matter seriously in accordance with the law.

【Auto Circle】 Geely Group Statement: Never Engaged in Private Communication and Negotiation with the European Commission Geely Holding Group has issued a statement stating that Geely Group (including but not limited to its Volvo and other brands) has always been advancing negotiation work under the guidance of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products. All proposals submitted by Geely have been filed with the Chamber of Commerce, and it has never engaged in private communication and negotiation with the European Commission.

BYD Poaches Senior Executives to Strengthen European Business Expansion On the day, BYD announced that it will hire the former head of its UK operations to enhance its business expansion in the European market. He will serve as the new regional general manager for Germany, Switzerland, Poland, Austria, and the Czech Republic, effective from the day.

Li Auto: Q3 Revenue RMB Billion, Up % YoY On October 1, Li Auto announced on the Hong Kong Stock Exchange that its total revenue for the third quarter of 2023 was RMB billion, an increase of % compared to RMB billion in the third quarter of 2022, and an increase of % compared to RMB billion in the second quarter of 2023.

Volkswagen's third-quarter net profit plunged by 60% year-on-year. On a specific date in Germany, Volkswagen Group released its third-quarter financial report, which showed that the revenue for the quarter was €58.3 billion, compared to €67.7 billion in the same period last year; net profit decreased from €3.4 billion in the same period last year to €1.3 billion, a year-on-year decrease of 64%; operating profit was €2.3 billion, a year-on-year decrease of 73%; the operating profit margin dropped from 4.9% to only 3.9%, the lowest level in over four years.

Faraday Future Announces Receipt of Million Investment Funds On the 10th, Faraday Future announced on Weibo that the company has received the net proceeds of the $10 million committed financing announced in January 2023. The funds came from investors in the Middle East, the United States, and Asia, with the final investment amount received this week. The net proceeds from the fundraising will support the delivery of FF 91 and the gradual recovery of the supply chain, as well as provide funding support for the second brand project.

Xpeng+ model will be officially launched on the 1st of the month. On the 1st of the month, He Xiaopeng, Chairman of Xpeng Motors, revealed on Weibo that the Xpeng+ will be officially launched and released on the 1st of the month, with delivery starting immediately upon launch. It is understood that the pre-sale price of the Xpeng+ starts from . million yuan.

Buick's new GL8 ES has officially launched. On the day of the month, SAIC-GM's official WeChat account announced that the new Buick GL8 ES has officially hit the market, starting at . million yuan. Among them, the First Enjoy Edition is priced at . million yuan, the Smart Enjoy Edition at . million yuan, and the Prestige Enjoy Edition at . million yuan.

【Real Estate】 Evergrande Group is forced to execute over 1 billion yuan. According to Aiqicha, on the day of the month, Evergrande Group Co., Ltd. added new information on executors, with a total execution target of over 1 billion yuan, involving financial loan contract disputes. The executors also include Danzhou Hengle Culture Development Co., Ltd., Danzhou Xinheng Tourism Development Co., Ltd., etc., and the executing court is the Second Intermediate People's Court of Hainan Province.

【Jinrong Jie】 Six Major Banks Implement New Mechanism for Adjusting Existing Mortgage Rates On a certain date, ICBC, ABC, BOC, CCB, BCOM, and PSBC, the six major state-owned banks, successively issued announcements regarding the improvement of the pricing mechanism for existing personal housing loan rates. Starting from a certain date, qualified borrowers with existing mortgages can not only negotiate with commercial banks to adjust the mortgage rate spread but also adjust the re-pricing cycle.

Everbright Securities: Approved to Issue Short-term Corporate Bonds Not Exceeding RMB Billion Everbright Securities announced that it has recently received the "Approval for the Registration of Public Issuance of Short-term Corporate Bonds to Professional Investors by Everbright Securities Co., Ltd." from the China Securities Regulatory Commission, agreeing to the company's registration application for the public issuance of short-term corporate bonds to professional investors. The face value balance of the short-term corporate bonds to be publicly issued this time shall not exceed RMB billion.

【Big Consumption】 Guo Jinyi publicly responds to "Luckin's plan to enter the U.S. market" Luckin released its third-quarter business report on the evening of the month. During the subsequent phone conference, Luckin's Chairman and CEO Guo Jinyi responded to the recent news about "Luckin's plan to enter the U.S. market." He stated that Luckin is actively exploring opportunities in the U.S. and other markets. "We will closely monitor our overseas business and keep the market informed of our progress. At the same time, we will actively try to innovate in organizational and business models to expand our overseas business in a more suitable and flexible manner." Guo Jinyi also mentioned that the primary task at this stage is still to implement the company's business strategy, and there is currently no clear timetable for returning to the main board and restoring the main board listing status.

Starbucks China's same-store sales lead global declines, responds to "abandoning price war" Recently, "Starbucks abandoning price war" trended on social media. According to media reports, Starbucks has completely canceled previous promotions such as "buy one get one free" and "discount %". Since Brian Niccol became the new leader of Starbucks, the company has been undergoing a new round of reforms. In response, Starbucks China stated that this is a policy targeting the North American market and is unrelated to the Chinese market.

Revenue and profit both decline, these brands are eating into Nike's market share. Nike's recently released latest financial results show a double-digit drop in both revenue and profit. In fact, the company's performance has been declining for some time, and sluggish sales have also dragged down its performance in the capital market. Since the beginning of this year, Nike's stock price has fallen by about 30%. On the other hand, the market share lost by this giant is being rapidly seized by its old rivals Adidas, Asics, and the newly emerging brands On Running, etc.

【Aviation Industry】 Lucky Air's Fleet Size Exceeds 100 Units On [Date], according to a message from the official WeChat account of China Civil Aviation News, Lucky Air received a brand-new Airbus aircraft at the Airbus Tianjin Delivery Center, marking a milestone as Lucky Air's fleet size surpassed 100 units, with the overall fleet size, including Jiuyuan Airlines, reaching 102 units.