Markets

  • Parental Suit Against Car Manufacturer After Child’s Death in Seat Adjustment Sparks Controversy

    A Chinese couple sued an auto manufacturer for 2 million yuan after their son died from head compression caused by a faulty car seat. The Shanghai court rejected their claim of a design defect and inadequate warnings, sparking online debate. The court emphasized parental responsibility for child safety. Experts highlight that parents bear the primary responsibility for ensuring their children’s safety, saying the lawsuit reflects a commitment to fairness and justice, preventing product liability from shielding parental negligence.

    2025年8月15日
  • Clarivate and University of Melbourne Partner to Transform Library Systems

    Clarivate has partnered with the University of Melbourne to revolutionize its library systems. Clarivate will provide a comprehensive suite of solutions, including Alma, Primo, Leganto, and Rapido, to create an efficient and user-friendly library platform. This aims to empower library users, optimize operations, and bolster data-driven decision-making, ultimately enhancing teaching, learning, and research. The University of Melbourne aims to align itself with leading institutions globally by implementing this integrated system.

    2025年8月15日
  • Lei Jun Succeeds Where Apple Failed: Building an Electric Car, According to Fortune

    *Fortune* magazine’s “100 Most Influential Business Leaders Globally” list for 2025 is topped by Nvidia CEO Jensen Huang. Chinese business leaders made a strong showing, with 11 representatives, including BYD’s Wang Chuanfu (5th). Xiaomi’s Lei Jun (16th) is highlighted for Xiaomi’s successful entry into the EV market with the SU7, surpassing Apple in this domain. Xiaomi aims to ship 350,000 cars this year, driven by a significant investment following their brief inclusion on a U.S. trade blacklist in 2021.

    2025年8月15日
  • Elon Musk Confirms X Now Has 1200 Employees, 85% Reduction Since Acquisition

    Elon Musk revealed X (formerly Twitter) now operates with only 1200 employees, a significant reduction from the “a little under 8,000” when he acquired the company. This confirms the drastic cost-cutting measures, including mass layoffs, implemented since 2022. Musk attributes the cuts to previous mismanagement. X has also reportedly converted office spaces into dormitories, highlighting a unique work environment and raising questions about employee well-being.

    2025年8月15日
  • Amaze Announces Q2 2025 Financial Results, Reports 1,134% Revenue Growth

    Amaze Holdings (AMZE) reported a significant 1134% revenue increase to $0.87M in Q2 2025, fueled by 200M storefront visits and 12M active creators. GMV reached $3.77M with a $50 AOV. Despite growth, the company experienced a $5.0M net loss due to increased SG&A expenses. Management anticipates sequential revenue growth in Q3/Q4 2025 and potential short-term profitability. Strategic partnerships and new platform features aim to solidify long-term success.

    2025年8月15日
  • Qfin Holdings Announces Second Quarter and Interim 2025 Unaudited Financial Results; Raises Semi-Annual Dividend

    Qfin Holdings (NASDAQ: QFIN) reported Q2 2025 results, with total net revenue of RMB5,215.9 million (US$728.1 million) and Non-GAAP net income of RMB1,849.0 million (US$258.1 million). Loan facilitation volume increased 16.1% YoY to RMB84,609 million and outstanding loan balance rose 13.4% YoY to RMB140,080 million. The platform connects 165 financial institutions and serves 275.8 million users. Despite challenges, Qfin maintained a 93.8% repeat borrower rate and optimized its business mix with 41.4% of loan volume under a capital-light model.

    2025年8月15日
  • Car Killer Curb: UK’s 35cm Obstacle Sparks Debate – Driver Error or Design Flaw?

    A 35cm curb in Salisbury, UK, nicknamed “The Car Killer,” has become a viral sensation due to frequent vehicle damage. Drivers cite flawed design, filing compensation claims and creating an online group to share experiences. The curb, intended to improve pedestrian safety, has ironically increased accidents, especially on a tight corner near the train station. Local authorities plan to modify the road layout to reduce accidents. Parallels are drawn to a ridiculed road marking scheme implemented in Pennsylvania.

    2025年8月14日
  • Star Princess: Magical Evolution at Spellbound Castle

    Princess Cruises’ “Spellbound by Magic Castle,” an immersive speakeasy experience inspired by Hollywood’s Magic Castle, will debut on the new *Star Princess* in Fall 2025. Following its success on *Sun Princess*, this edition pays tribute to Cardini with themed spaces like the Cardini Bar offering innovative cocktails. Open to all guests for $45 (includes two cocktails and the show), Spellbound replaces dinner service with multiple nightly showtimes. The 4,300-guest *Star Princess* features diverse dining, entertainment, and itineraries including the Mediterranean, Caribbean, and Alaska.

    2025年8月14日
  • SEQP: Florida Grown Açaí, From Farm to Table

    Santana Equestrian Private Financial (SEQP) plans a pilot program in Canal Point, Florida to cultivate açaí palms, aiming for the first US domestic production. SEQP will use its BioActivium™ organic soil technology to replicate Amazon growing conditions, addressing the challenge of fresh açaí’s perishability. Success could offer US consumers fresh “tree-to-bowl” açaí, reducing reliance on frozen imports. The early-stage initiative focuses on R&D, with no revenue projections. Potential benefits include sustainability and diversification, though success relies on replicating Amazon conditions.

    2025年8月14日
  • Parent Gets Sued After Viral Video of Child Reaches 300K Likes

    A woman was sued for reposting a video of a child’s tantrum with a negative caption, which garnered over 300,000 likes. The court ruled in favor of the child’s guardian, ordering the woman to apologize and pay legal fees. This case highlights the importance of protecting minors’ image rights online, as children lack the understanding and capacity to consent to image dissemination. Unauthorized posting of their images can lead to legal repercussions, underscoring the need for careful consideration of legal boundaries in the digital space.

    2025年8月14日