Tobias

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.

China’s NRTA is implementing new measures to enrich television content, including a “Content Revitalization Plan.” This plan aims to boost content creation through refined management policies, streamlined review processes, UHD programming prioritization, and encouragement of documentaries, animations, and micro-dramas. They’ll also promote international programs and strengthen copyright protection. This initiative follows the surge in popularity of micro-dramas, which reached 662 million viewers and a market value exceeding China’s total annual box office revenue.

Kuaishou live streaming mogul Xinba announced his retirement, citing severe health issues including a lung condition reportedly comparable to a 95-year-old. He will entrust company operations to his business partner. Xinba has a history of respiratory ailments made worse by the demands of live streaming. His retirement follows controversy surrounding his brand “Cotton Secret” sanitary napkins, which were found to contain high levels of thiourea, a Class 3 carcinogen, and linked to consumer health problems.

Gree Electric’s Marketing Director, Zhu Lei, has addressed claims by Xiaomi that they have surpassed Gree in online air conditioner sales in China. Zhu stated that publicly available data from AVC doesn’t support Xiaomi’s claims and that Gree maintained its online market leadership in July. While acknowledging competition, Gree maintains its focus on quality and service to earn customer trust, despite Xiaomi’s ambition to dominate the home appliance market. Xiaomi’s data suggests they are now second in online market share, challenging Gree’s long-held leadership.

Entrepreneur Luo Yonghao rebranded his Weibo account to “Luo Yonghao’s Crossroads” ahead of his podcast launch featuring Li Xiang, CEO of Li Auto. The premiere episode showcases a lengthy conversation about Li’s entrepreneurial journey. The recording session revealed their contrasting personalities, with Li Xiang doing push-ups and Luo Yonghao stretching to stay engaged during the seven-hour podcast.

Ant Group is expanding its AI healthcare presence with the AQ application, designed to combat fraudulent medical advertising, particularly targeting vulnerable elderly populations. Named by Jack Ma, AQ aims to leverage AI to eliminate deceptive healthcare practices. Users can access anti-fraud tools like AI-powered image verification and a misinformation debunking service by typing “anti-fraud” within the app. Launched on June 26th, AQ also features extensive AI-driven health education and consultation resources, representing a strategic investment in AI-driven healthcare.

A viral video shows an Indian woman mistaking the Chinese toy figure Labubu for a deity and offering it traditional worship. The incident, initially shared on TikTok and X, sparked online amusement and discussion about cultural exchange and potential misinterpretations. Commentators noted the encompassing nature of faith and the toy’s global appeal despite its obscure origins. The event highlights the importance of cultural sensitivity in an interconnected, digital world.