The Shenzhen Stock Exchange will review an initial public offering from XFusion, a server maker, on November 12. The decision could give Zhengzhou its first homegrown computing champion as China's AI hardware race heats up.
Graphics cards used for AI computing surged for 11 straight trading days on overseas production-halt rumors, then reversed sharply from October 28. In Shenzhen's Huaqiangbei electronics market, the RTX 5080 fell from nearly 20,000 yuan to about 16,000, a roughly 20 percent pullback.
BMW Brilliance has begun a staffing cut across three Shenyang plants, with departing workers estimating 1,800 to 2,000 P-class production roles affected and a severance package of N+5 months. The move lands as foreign joint-venture carmakers lose ground in China's fast-shifting market.
Baidu has unveiled Apollo World, a world model built to simulate real physics for autonomous driving, and says it is already used in global testing of its robotaxi service. The company argues the measure of such models is causal fidelity, not pretty rendering.
A screenshot claiming Nomura had cut its price target on Zhongji Innocung to 330 yuan spread fast through investment chat groups on November 3. Nomura told a reporter the research note was never published, but the episode showed how thin the market's nerves are around AI hardware stocks.
The 2026 Greater Bay Area Science Forum opened in Guangzhou on November 1, gathering scientists, government representatives and tech entrepreneurs around the theme of linking the region's innovation chain to future industries.
BYD reported October sales of 490,200 new energy vehicles, with overseas volume doubling year on year. Battery-electric sales rose 37.38% while plug-in hybrids fell 17.22%, and ten-month totals slipped 2.16% to 3.62 million.
Apple has struck a deal with Alibaba to embed the Qwen model inside Apple Intelligence in China, letting Siri, writing tools and visual search call on Chinese text and image understanding. Testing opens on 4 November with the latest iOS developer beta, ahead of a full release in December.
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