Financing Dynamics - Ruochuang Technology has completed a Pre-A round financing, raising tens of millions of dollars with participation from global investment firms such as Matter Venture Partners and Vertex Ventures [3] - Kääpä Biotech, a Finnish functional mushroom startup, secured €9 million (approximately 74.24 million RMB) in strategic financing led by PeakBridge Fund, aimed at expanding its global health supplement market [5] - Estée Lauder Group announced a minority stake investment in the luxury Mexican perfume brand XINÚ through its early-stage investment and incubation arm, New Incubation Ventures [8][9] IPO Dynamics - Yushu Technology has completed its IPO counseling report, indicating its intention to apply for an initial public offering in China, with the report completed on November 10 [11] - Tianwei Foods has submitted its application for overseas listing on the Hong Kong Stock Exchange, with the application materials accepted, marking a significant step towards becoming the "first stock of hot pot base" if successful [12][13] Brand Dynamics - Beihai Pasture will operate independently from Yuanqi Forest, focusing on low-temperature yogurt and enhancing its product development [15] - Affinity Equity Partners agreed to sell its 100% stake in the Japanese Burger King business to Goldman Sachs, with the deal expected to generate approximately $1 billion for Affinity [17] - JD.com launched its fresh beverage brand "Qixian Coffee," with plans to expand rapidly in Beijing and recruit various venue partners [20] - Former Hema CEO Hou Yi's pet food brand "Paitexiansheng" is transitioning to an online brand "Chongtiantian," indicating a strategic shift from offline to online channels [23] Personnel Dynamics - John Furner has been elected as the new CEO of Walmart, effective February 1, 2026, succeeding Doug McMillon, who will retire [25]