Group 1 - Baidong Co., Ltd. announced the resignation of CEO Fu Yingbo due to personal career planning, effective from November 28, 2025 [1] - The board expressed gratitude for Fu Yingbo's contributions during his tenure and confirmed no disagreements with the board [1] - Chen Jie, the chairwoman and executive director, has been appointed as the new CEO effective from the same date [1] Group 2 - Executive director Zou Yan has been appointed as a member of the board's remuneration and assessment committee, while Zhao Mingjing has resigned as company secretary, with Su Lishan taking over [2] - Baidong Co., Ltd. is a comprehensive digital solution provider, offering services such as electronic invoice compliance management and intelligent financial management [2] - The company was listed on the Hong Kong Stock Exchange in July 2024, raising a net amount of HKD 229 million [2] Group 3 - The management team of Baidong Co., Ltd. has experienced significant turnover, with Fu Yingbo serving as CEO for only 1 year and 1 month [2] - CFO and board secretary Hou Shifei announced his departure effective December 30, 2024, for personal career development [2] - As of the last trading day, Baidong Co., Ltd.'s stock price was HKD 16, with a market capitalization of HKD 3.61 billion [3]

Financing Overview - A total of 17 financing events occurred in Shanghai this week, with 10 disclosing amounts totaling approximately 2.0735 billion yuan [4][2] - The number of financing events increased by one compared to the previous week, which had 16 events [4] - The majority of financing events were concentrated in the Pudong New Area, with 7 events and a total financing amount of 1.381 billion yuan [4] Company Dynamics - JBD Xianyao completed over 1 billion yuan in B+ round financing, led by Chaos Investment and CITIC Jinshi [13] - MiFei Technology completed nearly 300 million yuan in Pre-IPO financing, led by Frontier Investment [15] - Zhiwei Xingyi completed several hundred million yuan in strategic financing, exclusively invested by Kewai Fund [17] - Changsen Pharmaceutical completed several hundred million yuan in B+ round financing, led by Qiming Venture Partners [19] Industry Focus - The artificial intelligence sector saw 4 financing events this week, including 3 related to AIGC and 1 in smart healthcare [21] - XREAL established its global headquarters in Shanghai Pudong and emphasized its focus on "AI+AR" technology direction [21] - The Shanghai Municipal Economic and Information Commission issued an action plan for high-quality development of the smart terminal industry, focusing on AI chip layout and enhancing model performance [22]