Markets

The 2025 Open Atom Open Source Ecology Conference in Beijing spotlighted open source’s role in industry. Topway Info & Communication and Kaihong Zhigu showcased their contributions, receiving the “Open Source Pioneer Enterprise” award. They launched the OpenHarmony Co-construction Map 4.0 and participated in talent development initiatives. Kaihong Zhigu also joined the OpenHarmony AI Agent TSG, aiming to integrate AI with the operating system. They presented on “AI + Harmony” applications across education and transportation.

JD.com launched its 2026 campus recruitment program, aiming to hire 35,000 individuals, including 20,000 graduates and 15,000 interns. Recruits will participate in a “Five-Year Growth Plan” with personalized development. JD.com emphasizes unrestricted promotions and has consistently increased compensation and incentives. Notably, the company is investing 7 billion RMB in apartments for young professionals in Beijing, with free accommodation for qualifying interns, demonstrating its commitment to attracting and retaining talent.

Hengrui Pharma and GSK will co-develop up to 12 innovative medicines in a strategic partnership. GSK gains an exclusive license (excluding specific regions of China) for HRS-9821, a potential best-in-class PDE3/4 inhibitor for COPD, adding to their respiratory portfolio. Hengrui will advance 11 additional programs through Phase I, after which GSK can license them, paying $500M upfront. Hengrui could receive up to $12B in milestone payments and tiered royalties.

Luxury flash sales are booming, driven by consumers seeking accessible high-end goods. Platforms like VIP.com offer steep discounts on items like Burberry handbags during limited-time events, attracting value-conscious shoppers. The scarcity of these deals triggers a FOMO effect, as evidenced by increased “favorites” before sales even begin. Private sales already represent a significant portion of the global fashion market, with off-price sales predicted to outpace full-price sales. Experts emphasize the need for robust supply chain management to ensure the sustainable success of this trend.

Intel plans to spin off its Network and Edge (NEX) business unit, a division developing network and communication chips with $5.8 billion in revenue in 2024. This strategic realignment signifies a pullback from competing with Nvidia in the communication chip market. NEX, with thousands of employees globally, including 400 in Israel, will become an independent entity focused on silicon solutions for communications, networking, and Ethernet connectivity. The move signals Intel abandoning its pursuit of a vertically integrated offering of AI hardware and software, similar to Nvidia’s model with Mellanox.

Social media influencer Zhang Jingwen, known as “Shining Little Wen,” passed away on June 26, 2025, at the age of 20, after battling late-stage gastric cancer. The Shandong University student, diagnosed in 2024, documented her fight online. Gastric cancer, often detected late due to symptoms mimicking common ailments, can lead to rapid decline. The importance of early medical evaluation for persistent gastrointestinal issues is emphasized.

Tamboran Resources Corporation announced Dick Stoneburner as interim CEO, succeeding Joel Riddle, and the appointment of Scott Sheffield and Phillip Pace as Non-Executive Directors, replacing John Bell Sr. These changes maintain a nine-member board. Sheffield and Pace bring extensive energy expertise. The company entered an agreement with Sheffield Holdings, its major stockholder. Tamboran reaffirms its commitment to the Beetaloo Basin development and thanked Riddle and Bell for their service.

KKR will invest A$500 million in CleanPeak Energy, marking KKR’s first Asia-Pacific investment under its Global Climate Transition strategy. The partnership aims to expand CleanPeak’s distributed energy platform, focusing on solar, battery storage, and microgrids for commercial and industrial sectors in Australia. CleanPeak, a specialist in renewable energy, provides integrated solar-and-storage systems to blue-chip companies. The investment is expected to be finalized in the latter half of 2025, pending regulatory approvals.

Jeff Bezos has completed the sale of 25 million Amazon shares, netting roughly $5.7 billion, according to an SEC filing. The sales, part of a prearranged plan initiated earlier this year, concluded on July 24th. Bezos’s divestitures coincided with his recent wedding in Venice. Amazon’s stock has risen 38% since late April. He has a history of selling Amazon stock to fund ventures like Blue Origin and plans to sell more shares before January 2025. Bezos currently ranks third on the Bloomberg Billionaires Index.

At WAIC 2025 in Shanghai, DEEP Robotics showcased its embodied intelligence advancements, highlighting industry applications of its quadruped robots. A miniature power inspection site featured the Jueying X30 robot autonomously inspecting equipment and recharging. The “Intelligent Inspection System” manages multiple robots and maintains high accuracy. DEEP Robotics also presented its product line, including the Jueying Lite3 with AR-based human-machine interaction, and the Leaper robots demonstrating advanced movement. Their solutions are deployed across various industries worldwide.