Markets

ChinaJoy 2025 featured Huawei’s Gaming Center, highlighting over 50 HarmonyOS games, including popular titles like “Honor of Kings” and “NBA 2K Showdown.” The 1,000㎡ HarmonyOS gaming zone showcased advancements like a 21% responsiveness improvement in optimized games and innovative “Tap-to-Play” multiplayer features, enabling quick file sharing and offline gaming. Demonstrations included car console gaming and AI-powered game assistants, emphasizing speed, intelligence, and cross-device integration within the HarmonyOS ecosystem.

Sharp is developing a VR haptic glove to enhance virtual reality immersion by simulating tactile feedback and textures. The prototype, expected to cost around $760 USD, uses independent vibration modules on each fingertip. These modules aim to replicate the sensation of touching various materials. However, Sharp cautions that the project is in early stages and may face potential setbacks, including possible discontinuation of development and related products.

FOXO Technologies’ Big South Fork Medical Center in Tennessee has partnered with Covenant Health, a major East Tennessee healthcare provider. The agreement allows Big South Fork to offer swing bed services, providing post-acute care to Covenant Health’s patients closer to their homes. This aligns with FOXO’s growth strategy, aiming to increase the hospital’s revenue by leveraging Covenant Health’s network and expanding service offerings. This is positive due to the new strategic partnership, expansion of service, and increased revenue potiential.

A multi-billion dollar inheritance dispute over the Wahaha empire has begun in Hong Kong, with Zong Fuli reportedly facing an initial setback in court. However, this is just the first stage of a larger legal battle, with a significant lawsuit filed against Zong Fuli in Hangzhou. The case involves individuals claiming to be her half-siblings seeking asset preservation. Zong Fuli is represented by Stevenson, Wong & Co., the same firm that successfully defended Stephen Chow in a previous high-profile profit-sharing case.

Gree Electric has denied online rumors alleging executives colluded with an overseas investor, identified as Zhang Mouli, to commit fraud. Gree asserts an internal investigation found no evidence of improper dealings and condemns the claims as fabricated and defamatory due to lack of preemptive verification. The company has reported the article to the police, initiated legal action to protect its reputation and that of its executives, and advises business partners to engage directly with Gree to prevent potential fraud. The original article is no longer available online.

Fluor Corporation reported its Q2 2025 financial results, marked by the first LNG shipment from the LNG Canada project but impacted by challenges in infrastructure projects and client spending shifts, leading to adjusted 2025 guidance. While Urban and Energy Solutions profits declined due to cost overruns and an arbitration ruling, respectively, Mission Solutions remained steady. The company is revising its adjusted EBITDA and EPS forecasts for 2025. A conference call was held August 1st to discuss the results.

NVIDIA quietly added InnoScience, a Chinese GaN manufacturer, to its list of 800V DC power architecture partners, making it the sole Chinese supplier. This triggered a surge in InnoScience’s stock price in Hong Kong. InnoScience confirmed the collaboration, noting its GaN technology’s role, but cautioned that it’s still in the testing phase without concrete orders. InnoScience, the world’s first IDM mass-producing 8-inch GaN wafers, leads in GaN discrete device shipments, serving various sectors, including EVs and data centers.

Microsoft has expanded its .NET bug bounty program, increasing the top reward to $40,000 for critical vulnerabilities in .NET and ASP.NET Core. The program now encompasses a wider range of technologies and offers tiered rewards based on the severity of the vulnerability, incentivizing researchers to focus on the most damaging flaws, like Remote Code Execution (RCE) and Elevation of Privilege (EoP). This move reflects Microsoft’s commitment to proactive security and leveraging external talent to identify weaknesses.

BYD has officially named its first fleet of eight transport vessels, marking a significant step in establishing a global logistics network. Seven ships are operational, with “Jinan” entering sea trials. The standardized design of vessels like “Pioneer 1,” “Shenzhen,” and “Zhengzhou” promises streamlined costs and efficient operations. This dedicated fleet addresses international logistics challenges amid BYD’s surging overseas EV sales and leverages domestic manufacturing hubs, signaling its commitment to global market leadership.

Zeekr announced strong July 2025 deliveries, totaling 44,193 vehicles across Zeekr and Lynk & Co brands, a 19.7% year-over-year increase. Zeekr brand accounted for 16,977 deliveries. The company unveiled new Super Hybrid Technologies built on the SEA-S platform featuring a 900V architecture and tri-silicon carbide e-motors, aiming for industry-leading charging speeds. The Zeekr 9X, the first model with this technology, boasts rapid charging capabilities, potentially charging from 20% to 80% in approximately 9 minutes.