Markets

Nano One Materials Corp. (NNOMF), a Canadian battery tech innovator, leverages its wastewater-free One-Pot™ LFP production technology to address growing global demand beyond China, forecasted to claim 52% of cathode markets by 2035. Recognized by the International Energy Agency, its process bypasses China’s iron sulphate dominance and aligns with G7/EU critical mineral strategies. Despite China’s 95% market control, Nano One’s non-Asian facility and scalable licensing model position it to capitalize on projected 500% demand surge outside China. Challenges include securing partnerships and competing with China’s cost advantages. Policy tailwinds from G7 and Canada-EU initiatives underscore supply chain diversification urgency.

Shenzhen’s Skyworth Digital warns of 65%-76% year-on-year net profit slump for H1 2025 amid China’s smart device price wars, with core operational profit mirroring the plunge. Despite holding market share in 8K set-top boxes and VR solutions, average product prices fell 18-22% as market growth slowed to 4.7%. Increased R&D focuses on industrial metaverse and AIoT ecosystems, but analysts question if innovation can counter pricing pressures in commoditized hardware sectors.

By CNBC AI News, July 8 – WeChat Coral Safe, the content moderation arm of Tencent&#…

Huawei Music’s mid-year review highlights diverse listening habits and emerging trends. Tang Hanxiao and Lady Gaga led charts, showcasing popular new music. The platform analyzes listening across various scenarios like in-car and headphone use, and offers specialized content for spatial audio, hi-res, and cultural heritage music. With millions of tracks and advanced audio technologies, Huawei Music aims for immersive and diverse user experiences.

Pacific Bay Minerals is raising up to $2 million through a non-brokered private placement of 20 million units to fund the acquisition and exploration of the Pereira-Velho Gold Project in Brazil. Additionally, the company is seeking to extend the expiry of 7.3 million warrants and has appointed Elton Pereira as country manager for Brazil.

China has released a White Paper on Intelligent Driving Technology and Industrial Development, co-authored by CATARC, Tsinghua University, and Huawei. This document sets industry standards for intelligent driving, emphasizing safety, operational coverage (0-150 km/h), 360-degree protection, object recognition, all-weather performance, and human-intelligent driving integration. It aims to guide consumers towards trustworthy systems and clarify common misconceptions about smart driving features.

A “2025 Global AI Super App TOP 50” list highlights significant growth in the AI application market, which surpassed $500 billion. The ranking features prominent Chinese apps like DeepSeek and Doubao alongside global leaders such as ChatGPT and Gemini. Meitu’s inclusion is attributed to its strong user base and AI innovation, particularly in image and design. The list emphasizes AI apps’ evolution into societal infrastructure driving widespread technological advancement and democratization.

Lobe Sciences announced the validation of its European Unitary Patent EP4117446 across 17 EU member states, covering its proprietary DHA-based composition for Sickle Cell Disease (SCD). This patent protects Altemia®, an innovative medical food designed to improve red blood cell integrity and address fatty acid deficiencies in SCD patients. The validation significantly strengthens Lobe’s intellectual property in crucial European territories, advancing its commercialization roadmap for Altemia®.

Jiangsu Times Core-Tech Semiconductor (AMS), China’s last unfinished 300mm wafer fab, has officially collapsed. The restructuring investor, Huaxinjiejian, defaulted on its obligations, terminating the revival efforts. AMS was declared insolvent, its equity written off. Previous shareholder AMT clarified its exit and continued support for AMS’s remaining procedures. The ambitious project, plagued by debt and operational issues, ultimately failed to restart, marking a significant blow to China’s semiconductor ambitions.

Mandopop superstar Jay Chou is reportedly poised to join Douyin, with his fan club confirming the establishment of a private account. Speculation suggests a deal in the high nine figures, a significant move from his previous platform, Kuaishou. This transition highlights the crucial role of music in short-video content creation and discovery.