8 Dian 1 Ke | Chabaidao trading suspended over suspected IPO fraud; Apple launches 3 new smart home products, market cap hits record high; DeepSeek to complete RMB 100 billion financing

Hong Kong's SFC has instructed HKEX to suspend trading in Chabaidao shares from October 13 on suspicion of IPO fraud. Apple launched its first smart home hub HomeView (from $299), the second-generation HomePod mini (RMB 1,099 in mainland China), and a new Apple TV 4K, with total market cap reaching $5.06 trillion. DeepSeek will soon complete a second round of financing of about RMB 100 billion, with a pre-money valuation still around RMB 500 billion; new investors include Shixi Capital, SMIC Capital, and Geely, while CATL plans to increase its investment by about RMB 10 billion.