Sou Hu Cai Jing·2025-12-25 01:50Group 1: Company Developments - Sunac China has completed a comprehensive debt restructuring, with approximately $9.6 billion in debt fully released or waived, becoming the first large real estate company to achieve this [2] - ByteDance plans to invest 160 billion yuan (approximately $23 billion) in capital expenditures for AI development by 2026, increasing from 150 billion yuan this year [3] - Haier Smart Home is transferring 49% of its stake in Haier India to Bharti Group and Warburg Pincus, while retaining a 49% stake and maintaining control over core operations [4] - BP has agreed to sell a 65% stake in its Castrol lubricants business to Stonepeak Partners, with the overall valuation of the business at $10.1 billion [7] Group 2: Industry Trends - SMIC has announced a price increase of around 10% for its 8-inch BCD process, driven by high demand for AI infrastructure and supply shortages due to TSMC's shift to high-end processes [4] - BYD's sales in Europe surged over twofold, with new car registrations rising from 4,821 units last year to 16,158 units in November [6] - The global whiskey market has seen a decline in sales by 2.5% in the first half of 2025, leading to excess inventory and production cuts among distilleries [8]