Tobias

CNBC reports that consumers are experiencing issues using prepaid credit on Tmall Supermarket during the 618 shopping festival. One user, with over 10,000 yuan remaining on a gift card, faced purchase failures and expiring coupons. Multiple similar complaints have been filed. While Tmall cites potential system issues and high traffic, the affected consumer denies any wrongdoing, highlighting the urgency to resolve the issue.

Kuaishou and China Literature are partnering to dominate the short-form drama market. The “Kuaiyue Plan,” backed by millions in investment and traffic, aims to attract creators and boost user consumption. With Kuaishou’s massive user base and the rapid growth of novel-based content, the partnership leverages China Literature’s IP library, streamlining content creation and monetization through tools, subsidies, and cross-platform distribution. This alliance targets premium IP development and establishes a blueprint for future integration in the evolving entertainment landscape.

Donald Trump launched a website for his proposed “Golden Visa” program, offering U.S. residency for $5 million. He claims the program could eliminate the national debt by selling 10 million visas. The initiative, first announced in February, grants holders rights similar to green card holders, potentially leading to citizenship. The plan has faced skepticism due to its revenue claims.

Alibaba-backed Quark has launched an AI model to assist students with college applications. The tool features comprehensive exam search, application report generation, and intelligent college selection. It provides personalized advice, generates detailed reports with strategic suggestions, and recommends application plans. Quark has significantly increased its computing power to support free access to this service, including a specialized knowledge base and live expert broadcasts.

Sennheiser celebrates its 80th anniversary, reflecting on its history of audio innovation and engineering excellence. The company, founded in 1945, pioneered wireless technology and continues to push boundaries with products like Spectera. Sennheiser emphasizes its commitment to exceptional sound experiences, driven by a passion for sound and a dedication to constant innovation, shaping the future of audio.

YMTC has filed a third lawsuit against Micron, alleging a smear campaign to damage its market position. Accusations include Micron funding efforts to discredit YMTC through false rumors, particularly regarding backdoors in YMTC chips. YMTC seeks corrective advertising, damages, and profit disgorgement. This lawsuit follows YMTC’s 2023 patent infringement suit and Micron’s counterclaims, with a court order for Micron to produce confidential documents adding further complexity.

The UK Law Commission proposes legalizing alternative body disposal methods like alkaline hydrolysis (“water cremation”) and human composting, reflecting a global trend towards environmentally friendly end-of-life care. This process uses high-temperature steam and a potassium hydroxide solution to dissolve remains into a liquid and bone powder, potentially safe for wastewater systems. While championed for its environmental benefits, critics raise concerns about potential misuse and hindering forensic investigations due to complete tissue disintegration. This follows the practice already being used in the US, Australia, Canada, and Ireland.

Neta Auto, a Chinese EV startup, faces mounting financial struggles. Employees reportedly confronted the CEO demanding overdue wages, as captured in social media videos. Legal filings reveal significant execution orders against the company, exceeding 150 million yuan in outstanding execution cases. Despite initial growth, increased competition has led to a sales decline, painting a grim picture of the company’s current financial health.

JPMorgan Chase CEO Jamie Dimon expresses caution about the U.S. economy’s prospects, anticipating potential headwinds. He cites cooling effects after government stimuli, the impact of previous administrations policies, and concerns in the private credit sector. Dimon suggests a potential economic slowdown with rising inflation and acknowledges the complexity added by factors like reduced immigration. Despite resilient job growth, he advises businesses and investors to prepare for challenges.

BYD President Wang Chuanfu personally delivered a Fangchengbao Bao 3 to a young couple in Chongqing, emphasizing customer engagement. The couple, fans of travel and outdoor activities, appreciated the Bao 3’s design and features. The Bao 3, a compact all-electric SUV launched on April 16th, targets urban light off-roading. This event follows Fangchengbao’s milestone of exceeding 100,000 vehicle deliveries in 18 months.