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Snapchat and Kantar have released their first ranking of the top 50 Chinese global brands favored by Gen Z consumers, with <a href="/company/tencent">Tencent</a>, <a href="/company/xiaomi">Xiaomi</a>, and <a href="/company/shein">Shein</a> taking the top three spots. The study finds that the Gen Z generation values authenticity, digital experiences, and social connection, driving demand for immersive <a href="/industry/gaming">gaming</a>, smart ecosystems, and personalized <a href="/industry/e-commerce">e-commerce</a>.

<a href="/company/tesla">Tesla</a> shareholders have approved CEO Elon Musk’s record pay package, potentially worth up to USD 1 trillion over the next decade. Backed by more than 75% of investors, the plan ties Musk’s pay to long-term milestones in autonomous driving, robotaxis, and humanoid <a href="/industry/robotics">robotics</a>, despite concerns over cost, oversight, and his growing influence.

Memory chip and storage prices have reportedly surged across Shenzhen’s Huaqiangbei electronics market, with some DDR5 models nearly doubling in price since September. Vendors said rising <a href="/industry/ai">AI</a>-driven demand for large-capacity chips has also tightened supply for consumer electronics, pushing up prices for smartphones, PCs, and tablets.

<a href="/company/douyin">Douyin</a> has launched a crackdown on <a href="/industry/ai">AI</a>-generated and unauthorized videos that impersonate celebrities for product promotions, following reports that actress Wen Zhengrong’s likeness was used in fake live streams. Vice president Li Liang said the company has penalized over 11,000 accounts and removed thousands of infringing items since October.

The European Commission has opened an anti-subsidy investigation into tyres for cars, light trucks, and buses from China, citing evidence of unfair state support. The probe, which follows an anti-dumping review opened in May, comes amid a 51% rise in Chinese tyre imports since 2021 and could result in provisional duties within nine months.

<a href="/company/alibaba">Alibaba’s</a> quick commerce arm Taobao Shangou generated more than 100 million non-food orders from new users during the first two weeks of its Singles’ Day campaign, the company said. The platform, backed by a RMB 50 billion subsidy plan, is emerging as a major growth driver as Alibaba faces weak consumer demand and rising <a href="/industry/e-commerce">e-commerce</a> competition.

<a href="/company/chery">Chery</a> has opened its first dealership in Germany through Ford dealer Autohaus Tonjes in Neuenburg, offering Jaecoo and Omoda hybrid car models. The launch marks the Chinese automaker’s entry into Europe’s largest automotive market, with plans to expand its dealer network and after-sales services across the country.

<a href="/company/shein">Shein</a> expects to report USD 2 billion in net income in 2025, nearly double last year’s USD 1.1 billion, as price hikes and cost-cutting help offset weaker US demand from new tariffs. The fast fashion retailer is advancing plans for a Hong Kong IPO, pending Beijing’s approval amid ongoing global scrutiny.

GE Healthcare and <a href="/company/alibaba">Alibaba’s</a> Damo Academy signed a cooperation framework on November 6 to integrate Damo’s <a href="/industry/ai">AI</a>-powered medical diagnostic technology into GE’s imaging devices. The partnership aims to create intelligent, unified diagnostic systems and accelerate their market rollout.

Hummingbird Bioscience, a Singapore-based biotech firm, is said to be considering an IPO in Hong Kong next year, according to people familiar with the matter.

<a href="/company/huawei">Huawei</a> has connected 3,000 stores across 247 cities to Taobao Shangou, offering delivery within 30 minutes for customers within a five-kilometer radius. During the first phase of Tmall’s Singles Day campaign, Huawei’s Shangou transactions surged 1,910% week-on-week, adding about 190,000 new customers.

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