Tobias
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The End of “Free” Food Delivery: Subsidies Cool Down
China’s food delivery subsidy war is likely winding down. Reports indicate a decrease in the massive discounts that previously characterized the market. While coupons are still available, the period of heavily subsidized deliveries, sometimes offering meals for free, appears to be ending.
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Football Fan Detained for Abusive Tirade Against Wei Shihao’s Family; CFA Condemns Incident
Tianjin Jinmen Tiger beat Chengdu Rongcheng 2-1 in a Chinese Super League match marred by fan misconduct. In the 85th minute, Chengdu Rongcheng’s Wei Shihao argued with Tianjin fans, leading to a CFA reprimand of the Tianjin venue and a
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Cities Explore New Revenue Streams for Public Buses: Daytime Passengers, Nighttime Deliveries
Nanjing’s No. 503 bus line now offers “SF Half-Day Delivery,” transporting goods alongside passengers to expedite deliveries. This “bus-plus-delivery” model aims to improve efficiency by leveraging existing infrastructure. Several cities have experimented with similar initiatives due to declining ridership and increasing financial difficulties. This collaboration between public transport and express delivery could reduce costs and improve last-mile delivery. However, concerns exist regarding regulations, driver workload, and the suitability of passenger vehicles for cargo transport.
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First Stablecoin Public Listing Raises Concerns
Circle (CRCL), a stablecoin issuer, debuted on the NYSE in June 2025 and surged 622% post-IPO, reaching a near $50 billion market cap. Stablecoins, likened to ADRs, face increasing regulatory scrutiny, exemplified by the “Clarity for Payment Stablecoins Act.” Circle’s USDC, positioned as a compliant alternative to USDT, saw fluctuating issuance and redemptions. Challenges include reliance on Coinbase, potential interest rate cuts impacting revenue, and competition from Big Tech and government initiatives. The US’s complex stance on stablecoins stems from SWIFT disruption and US debt demand dynamics.
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Nvidia’s Near-Death Experiences: Remembering the Two Close Calls
Nvidia CEO Jensen Huang, despite the company’s $4 trillion market cap, feels constant pressure, stating Nvidia is “30 days from going out of business.” He attributes this to the rapid pace of technological obsolescence in the chip and AI industries. Nvidia faced near-bankruptcy twice: once due to the Dreamcast chipset failure and again from a graphics card design flaw leading to recalls. Huang’s commitment to innovation fuels his drive to guide Nvidia far into the future.
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Xinjiang Embraces Free Shipping: Postal Chief Aims to Boost Nationwide Sales of Agricultural Products
China’s express delivery volume has ranked first globally for 11 years, processing over 500 million parcels daily. In 2024, central and western China saw express delivery growth rates significantly above the national average, indicating successful strategic investments. The postal sector strengthens the modern circulation system and promotes balanced development. China is enhancing rural delivery logistics, aiming to bridge the urban-rural consumption gap. Xinjiang has achieved universal free e-commerce shipping, boosting agricultural product sales and improving rural residents’ access to online shopping. The sector’s growth also creates local employment opportunities.
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Close Call: US Passenger Plane Nearly Collides with B-52 Bomber
On July 19th, a SkyWest Airlines Embraer E175LR, operating as Delta flight DL3788, narrowly avoided a mid-air collision with a B-52 bomber near Minot Air Force Base. Air traffic control instructed the plane to alter course, but the crew spotted the bomber approaching rapidly. An “abrupt turn” averted disaster. Passengers witnessed the near miss. The incident raises concerns about airspace management and coordination, prompting scrutiny of air safety protocols in increasingly congested airspace. The crew was commended for their quick thinking.
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User Publicly Apologizes for Smearing NIO and Disregarding Legal Department: Exploiting Sympathy
A user publicly apologized to NIO after initially taunting their legal department over derogatory online comments. After being threatened with a lawsuit, the user claimed health issues and financial hardship, pleading for leniency and offering to remove the offensive content. He cited sleepless nights, exacerbated tinnitus, and weight loss due to the stress of the lawsuit and inability to afford cross-provincial litigation. He implored NIO to reduce the 1 million RMB claim, citing humanitarian considerations.
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22-Year-Old Delivery Girl in Chongqing Loses 10 Pounds in 6 Days Climbing Stairs
A 22-year-old woman in Chongqing, China, lost nearly ten pounds in six days by strategically choosing stair-climbing food delivery orders. This method, lauded online for its effectiveness, combines income generation with weight loss. Experts note stair climbing can be HIIT, improving cardiovascular health and muscle mass. However, due to knee joint stress, it’s not for everyone. Consulting a doctor or fitness professional for a personalized plan is recommended.
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IMO Slams OpenAI’s Self-Proclaimed Gold Medal as 91 Judges Deny Involvement: Critics Call It “Shameless PR”
OpenAI’s claim of achieving an IMO gold medal with a new model has sparked controversy. IMO officials and academics criticize the premature announcement as “rude and inappropriate”, as it violates the agreed-upon embargo period. Concerns are raised regarding the legitimacy of OpenAI’s self-proclaimed gold medal, as it was not officially validated by IMO judges; OpenAI was not an official collaborator and their submission was not evaluated by the 91 IMO judges. China secured the top spot in the human competition, highlighting their dominance in the field.