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Oct 15-18 marked the opening phase of the 2026 Douyin Mall Double 11 shopping festival. Platform tiered support boosted SME performance: store-livestream rooms with GMV >10 MLN yuan rose 98% YoY; new store-livestream merchants crossing the 10 MLN yua

2026-10-19

Oct 15-18 marked the opening phase of the 2026 Douyin Mall Double 11 shopping festival. Platform tiered support boosted SME performance: store-livestream rooms with GMV >10 MLN yuan rose 98% YoY; new store-livestream merchants crossing the 10 MLN yuan GMV threshold rose 133% YoY. Coupon promotions lifted the number of merchants with GMV >1 MLN yuan by 38% YoY, those >10 MLN yuan by 36% and those >100 MLN yuan by 200% YoY. By sector, agri-fresh and pet merchants with GMV >10 MLN yuan rose 250% and 200% YoY respectively; maternal & baby and FMCG sectors also generated incremental merchant growth.

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2026-10-19

China A-share digital-currency sector jumped intraday; Jida Zhengyuan notched a third consecutive limit-up, Taiji hit the daily limit, and Desheng Technology, Lakala, NewBeiyang, Chuangshi Technology and Sanwei Xin'an also rose.

China A-share digital-currency sector jumped intraday; Jida Zhengyuan notched a third consecutive limit-up, Taiji hit the daily limit, and Desheng Technology, Lakala, NewBeiyang, Chuangshi Technology and Sanwei Xin'an also rose.
2026-10-19

Elon Musk has stated his plan to donate one share of SpaceX stock to every child in the United States next year. If Musk chooses to donate SpaceX stock to children through the "Trump Accounts" created by the U.S. government, the potential scale could

Elon Musk has stated his plan to donate one share of SpaceX stock to every child in the United States next year. If Musk chooses to donate SpaceX stock to children through the "Trump Accounts" created by the U.S. government, the potential scale could be enormous. On October 1st, the U.S. Treasury Department announced the automatic opening of Trump Accounts for over 60 million eligible children. The White House further stated on October 7th that, including previously opened accounts, the total number is approaching 70 million. SpaceX closed at $146.03 last Friday; based on 70 million children, the total value of the donated stock would reach $10.2 billion. Musk's plan has precedent. In July, SpaceX President and Chief Operating Officer Gwen Shotwell announced that she and her husband would donate approximately 2 million SpaceX shares, giving one share to each of over 2 million American children's Trump Accounts, a total value of approximately $320 million based on the then-current share price.
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