Automatically scraped from Tonghuashun and Eastmoney by cron at 08:00 Beijing time daily, with summaries rewritten by Doubao. For information collation only, does not constitute investment advice.

Tonghuashun 7/24

Luda Technology Group acquires 55% stake in Asian Computing Power Network and Quantum Computing Technology Co., Ltd.

2026/10/31 12:16:58

美股 listed company Luda Technology Group (LUD.US) recently announced the acquisition of a 55% stake in Asian Computing Power Network and Quantum Computing Technology Co., Ltd. The target company’s business covers data center construction and operation, high-performance computing power leasing, and quantum computing hosting and operation. To promote the development of the target’s business, Luda has signed a strategic memorandum of understanding with Huazhi Future, and will explore cooperation in three major areas: overseas computing power export, liquid cooling technology, and financial cooperation.

Sun Jinxia of Orient Securities: China has multiple advantages such as low interest rates and a complete infrastructure system, providing a foundation for the long-term development of the technology industry

2026/10/31 11:53:09

Sun Jinxia, Deputy Director of the Research Institute of Orient Securities, recently stated publicly that China has multiple solid foundations supporting the long-term development of the technology industry: low financing costs formed by high savings and a complete infrastructure system provide comparative advantages for technology investment; sufficient engineer resources and rich application scenarios also build long-term competitiveness for technological innovation and industrial upgrading. (Source: Blue Whale News)

Shanxi’s coalbed methane output in first three quarters hits record high

2026/10/31 11:38:02

According to Xinhua News Agency, Shanxi’s coalbed methane output reached 11.74 billion cubic meters in the first three quarters of this year, hitting a record high for the same period in history, accounting for 80.2% of the country’s total output. Shanxi’s predicted coalbed methane resources at depths shallower than 2,000 meters account for nearly one-third of the country’s total. Leveraging its resource advantages, the region has overcome the technical challenges of helium extraction, formed a complete process route, successfully produced 6N-grade ultra-high-purity helium, and its production capacity and output are steadily increasing.

Chery executive responds to Zhijie’s independence: It should be more like a new force, not a “larger-sized” traditional carmaker

2026/10/31 11:32:19

On October 31, Qi Shilong, Executive Vice President of Chery Automobile, responded to matters related to Zhijie’s independence at the Q3 media briefing, clarifying that Zhijie will operate in reference to the new force model instead of following the development path of traditional carmakers. In the future, it will improve its independent operation capabilities in three aspects: organizational construction, high-end product development, and brand optimization. Zhijie will launch new products next year, and its overseas business will continue to be operated independently by Chery Group.

Chinese-built 500kV transmission and transformation ring network in Uruguay officially delivered

2026/10/31 10:52:47

On October 30, the 500kV transmission and transformation ring network in Uruguay, built by China Machinery Engineering Corporation, was officially delivered. This project is a relatively large-scale energy infrastructure project undertaken by Chinese enterprises in Uruguay in recent years. The project can improve the resilience of Uruguay’s power system, grid stability and power supply reliability, and provide support for Uruguay to carry out power exchanges with Argentina and Brazil. It is an important achievement of practical cooperation between China and Uruguay in the field of infrastructure.

S&P downgrades Meta’s rating outlook to negative due to uncertainty in AI investment returns and capital expenditure, maintains “AA-” rating

2026/10/31 10:36:09

On October 30 local time, S&P Global Ratings downgraded Meta Platforms’ long-term issuer credit rating outlook from “stable” to “negative”, while maintaining the “AA-” rating. This adjustment stems from uncertainties in Meta’s AI investment returns and capital expenditure: S&P expects its capital expenditure to rise significantly in the next few years, and free cash flow may remain negative. If AI commercialization falls short of expectations, coupled with high lease obligations, its credit indicators will fall below the corresponding rating threshold.

Eastmoney 7/24

Canada and EU launch Future Alliance

2026/10/31 12:19:16

On October 30, the two-day EU-Canada Montreal Summit concluded. The two sides issued a joint statement to launch the “Future Alliance” plan covering multi-field cooperation, aiming to build a cooperation space that combines common prosperity and economic security. This statement did not include the previously highly controversial expression of Canada’s “associate member” status with the EU, but Canadian Prime Minister Carney still reiterated that Canada will become the EU’s first associate member, and the relevant definitions and detailed rules will be determined through consultations in the coming months.

Doubao: New users can get a one-month subscription for free

2026/10/31 12:17:16

AI application Doubao recently launched two user benefit activities: open check-in to earn credit benefits for all users, daily check-in can get corresponding usage credits, and a total of 8,800 credits can be obtained for 30 consecutive days of check-in; newly registered users can also get a 30-day subscription membership trial for free. This activity is intended to attract new users and boost activity, improving its market penetration in the C-end AI application track.

Luda Technology Group acquires 55% stake in Asian Computing Power Network and Quantum Computing Technology Co., Ltd.

2026/10/31 12:15:00

美股 listed company Luda Technology (LUD.US) recently announced the acquisition of a 55% stake in Asian Computing Power Network and Quantum Computing Technology Co., Ltd. The target company’s business covers data center planning, construction and operation, high-performance computing power leasing, and quantum computing hosting and operation. To support the development of Asian Computing Power’s business, Luda has signed a strategic memorandum of understanding with Huazhi Future, and will explore cooperation in three major areas: overseas computing power export, liquid cooling technology, and financial cooperation.

“Pensions are about to collapse” “Young people can’t support the elderly”? People’s Daily: Provoking confrontation and creating anxiety

2026/10/31 12:15:00

[Short Summary] Recently, some self-media have targeted young and middle-aged groups, misinterpreted China’s social security system, maliciously questioned the fairness and sustainability of basic endowment insurance, hyped false arguments such as “pensions are about to collapse” and “young people can’t support the elderly”, and even tied agreement with such remarks to personal cognitive ability, deliberately provoking intergenerational confrontation and creating public anxiety. People’s Daily publicly refuted such remarks, noting that relevant public opinion deserves vigilance.

Saudi-led coalition says it intercepted two Houthi armed drones

2026/10/31 12:13:56

On October 31, Turki Al-Maliki, spokesperson for the Saudi-led multinational coalition, reported that two drones launched by Yemen’s Houthi armed forces were intercepted and destroyed over Saudi Arabia’s Eastern Province and southern region on the same day. Saudi Arabia’s Eastern Province is a core oil producing area. This attack did not cause damage to domestic facilities, has not yet had a practical impact on international crude oil supply, and there is no relevant driver for short-term oil price fluctuations.

Q3 losses narrow month-on-month, LONGi Green Energy welcomes “starting point of recovery”

2026/10/31 12:09:24

LONGi Green Energy (601012.SH) released its 2026 third quarter report during the weak cycle of the photovoltaic industry: it achieved revenue of 43.864 billion yuan in the first three quarters, and a net loss attributable to the parent company of 1.029 billion yuan in the third quarter, with the loss amount narrowing sharply by 41.66% month-on-month. Its performance has shown a continuous month-on-month recovery trend, and the current node is regarded as the starting point of the company’s performance recovery.