Tobias

Kodak China refuted recent reports suggesting potential cessation of operations or bankruptcy, labeling them as misinterpretations of SEC filings. The company asserts it has no plans to cease operations, remains confident in meeting debt obligations, and anticipates a significantly strengthened balance sheet by early 2026 following a planned transaction. Kodak clarifies that a “going concern disclosure” was a technicality. The company highlights its robust business fundamentals and plans to use proceeds from a pension plan transaction to reduce debt, not fund daily operations, expressing optimism for the future.

Li Auto CEO Li Xiang discussed his personal life on “Li Yonghao’s Crossroads,” revealing insights into his marriage and financial management. He admitted his dependence on his wife and that she manages all family finances. Li also addressed his perceived “low EQ” and admitted to conducting a thorough pre-marital “due diligence” on his wife. Despite this unconventional approach, they maintain a stable relationship and have five children. They were recently spotted at a soccer match where Li’s wife garnered attention.

Meitu, once known for image editing, is experiencing an AI-driven resurgence, with its stock surging. The company’s first-half 2025 revenue reached RMB 1.8 billion, a 12.3% year-over-year increase, and net profit soared by 30.8% to nearly RMB 400 million, exceeding its entire 2023 earnings. CEO Wu Xinhong attributes the growth to AI-powered subscriptions and views nimble startups as the biggest threat, emphasizing the need to act fast and strategically partner to stay competitive in the rapidly evolving AI imaging market.

A video on Douyin showing a woman in Jiangsu province running a red light on a bicycle and then defiantly questioning her violation has sparked widespread online debate in China. The near-collision highlights issues with traffic law enforcement and road safety awareness. Under Chinese law, cyclists must obey traffic signals, and violators are liable for damages in accidents. Authorities have reiterated the need for education and enforcement, especially with the increasing use of e-bikes in urban areas.

A recent interview with Yu Donglai, Chairman of Pang Dong Lai, reveals the company’s emphasis on high employee compensation. Yu believes that treating employees well leads to excellent customer service and sustainable growth. In 2024-2025, entry-level salaries averaged around 9,000 yuan monthly, while management and technical staff earned significantly more, averaging 700,000 yuan annually. Yu argues this “high-wage, high-benefit” model fosters a virtuous cycle, benefiting both employees and the company’s bottom line, projecting 1.5 billion yuan in net profit.

A dashcam video from Kaifeng, China, shows a truck driver subtly preventing a car from overtaking, averting a potential accident. The truck driver, Gao Chong, noticed oncoming traffic in the adjacent lane and acted proactively to protect the smaller vehicle. After the road cleared, Gao allowed the car to pass safely. The video went viral, sparking widespread praise on social media for Gao’s responsible driving and highlighting the importance of proactive safety measures on the road.

Despite a rally that pushed the Shanghai Composite Index to a near decade high, many retail investors are still losing money. This is exemplified by popular online math educator Li Yongle’s recent Weibo post lamenting losses on funds purchased within the last five years. His experience has resonated with many who point out that market gains don’t guarantee profits for all investors. The situation underscores the importance of prudent investment decisions beyond simply following market trends.

In Tianjin, a man battling insomnia accidentally fell into a river around 4 AM while using his phone near the riverbank. A passing delivery driver witnessed the event and immediately alerted emergency services. Firefighters swiftly arrived and rescued the man, who was reported unharmed, using ropes. The delivery driver’s quick action was crucial to the successful rescue.

NIO CEO William Li believes range-extended electric vehicle (REEV) owners will ultimately switch to pure EVs, citing their appreciation for electric driving. This follows NIO’s completion of its battery swap network along the G318 Sichuan-Tibet route, enabling EV owners to travel the difficult route. Some REEV owners, impressed by NIO’s battery swapping convenience, have expressed intentions to order NIO vehicles. NIO now has over 8,159 charging and battery swapping stations in China, highlighting its leadership in charging infrastructure and addressing range anxiety.

An Indian student’s video complaint about the difficulty of maintaining a vegetarian diet in South Korea has ignited online debate. The student cited Korea’s meat-centric cuisine and prevalence of pastries. While some Korean vegetarians agreed, many Koreans expressed confusion. Despite a smaller percentage of vegetarians in Korea (around 3%) compared to India (31-42%), the sheer number of Indian vegetarians (over 500 million) highlights the cultural and religious influences driving vegetarianism in India.