Markets

Full Truck Alliance Co. Ltd. (FTA) announced its Q3 2025 financial results. Total net revenues reached RMB3,358.2 million (US$471.7 million), a 10.8% increase YoY. Net income was RMB921.0 million (US$129.4 million). Fulfilled orders grew by 22.3% to 63.4 million, and average shipper MAUs increased by 17.6% to 3.35 million. FTA’s Founder highlighted commitment to cost reduction and efficiency. The acquisition of Giga.AI aims to strengthen AI capabilities. Transaction service revenue increased 39.0% YoY.

FIBI announced its Q3 2025 financial results, demonstrating growth and profitability. Net income for the first nine months reached NIS 1,748 million (ROE 16.9%). Q3 net income was NIS 581 million (ROE 16.2%), impacted by nonrecurring losses at CAL. Revenue increased by 6% year-over-year for the first nine months. Customer assets grew by 34.4% to NIS 1.074 trillion. The Board approved a dividend distribution of NIS 436 million. CEO Eli Cohen highlighted FIBI’s resilience and loan portfolio quality.

ONWARD Medical’s ARC-EX System received FDA clearance for supervised home use, expanding its indication for adults with incomplete spinal cord injury (C2–C8) to improve hand strength and sensation. ARC-EX delivers transcutaneous spinal cord stimulation and is intended for both clinical and home use. Clinical evidence, including the Up-LIFT study, showed significant improvements in strength, function, and quality of life. The system is commercially available in over 60 US clinics. This clearance marks a significant step in expanding access to SCI rehabilitation.

ZEEKR Intelligent Technology (ZK) announced its Q3 2025 financial results. Vehicle deliveries totaled 140,195 units, a 12.5% YoY increase. Zeekr brand delivered 52,860 vehicles, and Lynk & Co reported 87,335 vehicles delivered (NEV portion was 72.4%). Vehicle sales reached RMB26,527 million, up 7.3% YoY. The vehicle margin was 15.6%. Total revenues increased to RMB31,562 million, a 9.1% YoY increase. Gross profit also rose to RMB6,046 million, a 37.1% YoY increase.

NIQ has launched its enhanced FMCG E-commerce Measurement Solution in Indonesia, Singapore, and Thailand. This solution provides a comprehensive view of FMCG e-commerce performance, aligned with NIQ’s Retail Measurement Service (RMS) for harmonized online/offline metrics. It integrates ePOS data, validated alternative sources, and advanced modeling via NIQ Discover. Southeast Asia’s e-commerce market is rapidly growing, making this solution crucial for brands needing accurate, omnichannel insights for informed decision-making and growth. Additional Southeast Asian markets are planned for 2026.

ACM Research (ACMR) announced the delivery of its first commercial panel electroplating tool, the Ultra ECP ap-p, on Nov 16, 2025. The system, designed for large panels, supports Cu, Ni, SnAg, and Au plating for pillar, bump, and RDL processes. Key features include high-speed Cu paddles for pillars >300 microns, a four-sided sealing chuck, in-cell rinse, and a horizontal design with a rotating square electrical field for uniform deposition. The system aims to improve scalability and reduce costs for advanced packaging.

Qualigen Therapeutics (QLGN) shareholders approved a strategic shift to AIxCrypto Holdings (AIXC) by Nov 20, 2025. Faraday Future will become the majority shareholder (≈55% direct, ≈63% incl. affiliates) and nominate most board members before this date. The company approved share issuance, an equity incentive plan, and Nasdaq rule waivers. A new AI/Web3 business model and board will be revealed at the Nasdaq ceremony. This marks a transition from biotechnology into a decentralized AI technology platform.

GE HealthCare’s CFO, Jay Saccaro, will present at the Jefferies Global Healthcare Conference on November 18, 2025. The presentation will cover GE HealthCare’s business strategy and growth opportunities amidst evolving healthcare market dynamics. Saccaro is expected to address the impact of a competitor’s FDA approval and reassure investors about GE HealthCare’s competitive position. He will likely highlight the company’s strengths, including global presence, diverse portfolio, and investments in AI and cloud technologies. A live webcast will be available on the GE HealthCare investor relations website.

Obagi Medical (WALD) presented data at the ASDS meeting showcasing progress in injectable fillers and scalp serum technology. A trial demonstrated Obagi saypha ChIQ’s non-inferiority to Juvéderm Voluma XC for midface augmentation, with high patient satisfaction. Interim data for Nu-Cil BioStim Scalp Serum indicated improved scalp health. Saypha ChIQ is under FDA review, while saypha MagIQ is approved. These advancements represent potential growth drivers for the company.

Paweł Czarnecki’s custom FIAT 126B was crowned the 2025 Hot Wheels™ Legends Tour global winner. His rally-inspired creation will be immortalized as a 1:64 scale Hot Wheels die-cast car. Thousands of vehicles from 16 countries competed. The winning Fiat, reminiscent of Group B rally cars, was chosen for its “Garage Spirit,” intricate detailing, a Fiat Uno 1.4 Turbo engine and performance enhancements. The tour featured regional finals and a judging panel with industry veterans.