Markets

Ensurge Micropower ASA (ENMPY) finalized its share capital increase to NOK 418,390,160.50 following a private placement. The Silicon Valley company, with a team of forty, develops ultrathin, flexible, solid-state lithium microbatteries for wearables, hearables, IoT sensors, and fitness devices. Their strategy is to prototype and manufacture at small scale in-house, then outsource large-scale production to specialized partners. The company is listed on the Norwegian stock exchange with funding from Norwegian investors.

A vintage, EU-plated Škoda 1000 MB was spotted on a Shandong highway in China, sparking online discussion. Netizens were amused by the unlikely sight of the classic Czech car, adorned with various national flags, navigating Chinese roads. The incident raised questions about vehicle regulations, emissions standards, and China’s openness to foreign-registered vehicles. While the car may not meet modern emission standards, temporary import permits allow foreign vehicles on Chinese roads if they meet safety standards and obtain insurance.

In a recent interview, Valve’s Gabe Newell discussed the impact of AI, emphasizing the importance of both mastering existing AI tools and understanding their underlying principles. He believes AI can empower individuals, even those without extensive coding experience, to excel in development. While other gaming companies actively integrate AI, Valve adopts a more measured approach. Notably, Valve has used ChatGPT to solve matchmaking issues in their upcoming game “Deadlock,” showcasing AI’s practical application within the company. Newell highlights the synergistic relationship between AI application and understanding AI principles.

Taobao Flash Sale, with Ele.me, reports over 80 million daily orders, boosted by a 50 billion yuan voucher program. Xiaodiao Lishu Tang saw an 18% takeaway revenue increase through the platform by optimizing its online operations and service. The platform’s subsidy model helps restaurants like Xiaodiao Lishu Tang attract new customers and increase order volume without additional merchant costs. Experts encourage restaurants to embrace digital markets for additional revenue streams, focusing on long-term brand building over short-term pricing strategies.

Nvidia CEO Jensen Huang met with China’s Minister of Commerce Wang Wentao, signaling Nvidia’s continued commitment to the Chinese market despite geopolitical tensions. Wang affirmed China’s openness to foreign investment and encouraged Nvidia to provide reliable products. Huang emphasized the attractiveness of the Chinese market and Nvidia’s intent to deepen AI cooperation. The meeting highlights Nvidia’s balancing act between US restrictions and China’s commercial potential. Huang has stressed the importance of the Chinese market and existing fruitful relationships.

On October 25th, 2025, Boliden, ICMM, and BecomingX will host the world’s deepest marathon, 1,120 meters underground in Boliden’s Garpenberg zinc mine. Sixty runners from at least 15 countries will participate, aiming to raise $1 million for charity. The event showcases modern, safe, and purpose-driven mining, highlighting its importance for a sustainable future. Organizers seek two Guinness World Records: deepest marathon and deepest organized marathon. Real-time updates are available at www.worldsdeepestmarathon.com. The marathon route is meticulously planned for runner safety during ongoing mining operations.

A leaked image suggests Xiaomi is developing a mid-to-large size SUV with a range extender powertrain, potentially launching as early as 2026. The heavily camouflaged prototype, spotted alongside a Xiaomi SU7, showcases a more robust design. This move expands Xiaomi’s product line beyond the current all-electric SU7 and YU7 series, aiming to attract consumers seeking extended driving range. Xiaomi Auto has delivered over 300,000 units, with nearly 170,000 in 2025, and targets 350,000 annually. The SUV introduction could solidify Xiaomi’s position in the EV market.

Chinese soda brand Dà Yáo, a barbecue staple, is attracting significant attention. Private equity firm KKR is set to acquire an 85% stake in Dà Yáo Guest Drinks, potentially giving them indirect control. The move follows Dà Yáo’s national expansion and marketing push featuring action star Wu Jing. While the current management team remains, acquisition rumors have circulated, including earlier speculation of interest from Coca-Cola. Dà Yáo, alongside Coca-Cola and PepsiCo, controls a substantial portion (92.87%) of the domestic soda market. The company reiterates its commitment to long-term brand development despite market speculation.

Weave (NYSE: WEAV) will release its Q2 2025 financial results on July 31, 2025, after market close. A conference call and webcast will follow at 4:30 p.m. ET, accessible via phone at (412) 902-1020 or (877) 502-7186, and online at investors.getweave.com. Weave provides SaaS solutions focusing on customer experience and payment processing for healthcare practices, aiming to streamline patient interactions and billing.

Influencer “Duorou Baobao” (Sun Yuetong) is under police investigation for allegedly defrauding fellow influencers of potentially hundreds of millions of yuan. She gained initial attention for falsely claiming to be Olympic swimmer Qin Haiyang’s fiancée. “Duorou Baobao” allegedly cultivated a wealthy businesswoman persona, fabricating investments and forging documents to secure endorsements, loans, and ultimately abscond with the funds. Over 60 individuals are reportedly affected, and her social media accounts have been made private.