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Jingdong Industrials, JD.com’s supply chain technology unit, plans to raise HKD 2.98 billion in its Hong Kong IPO after pricing shares at HKD 14.1 eac…

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Jingdong Industrials, <a href="/company/jd">JD.com’s</a> supply chain technology unit, plans to raise HKD 2.98 billion in its Hong Kong IPO after pricing shares at HKD 14.1 each, the midpoint of its range. The company said proceeds will be used to enhance <a href="/industry/ai">AI</a> and supply chain capabilities and to fund expansion, investments, and acquisitions. Trading begins December 11.

Govy, <a href="/company/gac">GAC’s</a> <a href="/industry/evtol">eVTOL</a> aircraft unit, said its Guangzhou plant has begun installing and testing production equipment and is expected to begin trial production early next year. The facility will assemble the Govy AirCab (GAC-A6) multi-rotor flying car, which has reportedly received nearly 2,000 orders and aims for airworthiness certification and deliveries by the end of 2026.

Kunlunxin, <a href="/company/baidu">Baidu’s</a> <a href="/industry/ai">AI</a> chip unit, plans to file for a Hong Kong IPO as early as the first quarter of 2026 after a fundraising round valued it at RMB 21 billion. The listing is expected to complete by 2027, with the company projecting annual revenue of RMB 3.5 billion and planning new chip launches for data centers.

<a href="/company/tesla">Tesla</a> said its Shanghai Gigafactory has produced its four millionth vehicle, less than 14 months after reaching the three million mark. The facility now accounts for nearly half of Tesla’s global deliveries, with localization of Model 3 and Model Y components exceeding 95%.

<a href="/company/bytedance">ByteDance</a> has disabled the Doubao phone assistant’s ability to operate WeChat on the Nubia M153 after users reported login failures and app crashes. The company said affected accounts are being restored and added that Doubao’s use of high-level Android permissions requires explicit user consent and is clearly disclosed.

Meta has acquired Limitless, the <a href="/industry/ai">AI</a> startup formerly known as Rewind and developer of a pendant that records conversations. The company will stop selling hardware but continue supporting existing users for a year as its team joins Meta’s wearables division to advance AI-enabled devices. Limitless previously raised USD 33 million from investors including a16z and NEA.

Netflix has agreed to acquire Warner Bros Discovery in a deal valued at USD 82.7 billion, including debt, giving it control of HBO and one of Hollywood’s largest content libraries. The acquisition marks Netflix’s biggest deal to date and signals a major strategic shift as it faces regulatory scrutiny in the US and Europe.

<a href="/company/meituan">Meituan</a> said it will voluntarily adopt China’s new national standards for managing food delivery platforms, which it helped draft. The company said it will integrate the rules into its operations to promote fair competition, strengthen food safety, and improve service quality, supporting the industry’s sustainable development.

<p data-start="187" data-end="506">RoboSense’s LiDAR shipments reportedly surpassed 150,000 units in November after winning 56 model designations from 13 automakers, including SAIC Audi, IM Motors, and major European and North American brands. Its technology also powers Didi’s next-generation robotaxi and delivery and service robots, highlighting its expanding role in smart mobility.</p>

Farasis Energy will supply its SPS LFP battery systems for GAC Aion’s second-generation Aion V and Aion UT models headed for Europe, with total orders exceeding ten gigawatt-hours. The deal marks a milestone in the partners’ long-term collaboration and strengthens Farasis’s presence in the global <a href="/industry/ev">EV</a> battery market.

<a href="/company/changan-automobile">Changan Automobile</a> plans to launch <a href="/industry/ev">EVs</a> from its Avatr and Nevo brands in Europe within two years, expanding beyond its Deepal lineup. The automaker is also considering hybrid and light commercial models and may build a European factory to support sales and avoid EU tariffs on Chinese-made cars.

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