Markets

Mathematician Wei Dongyi gained viral fame on Douyin, accumulating over 24 million followers in three days. The World Record Certification Agency recognized his rapid follower growth. His account will feature mathematics content, connecting him with a wider audience. Sohu CEO Zhang Chaoyang acknowledged Wei’s social media presence as natural, highlighting the shift towards social media for educational content and publications.

Russian daredevil Sergey Boitsov set a world record on June 19th by performing high-bar routines at 1,500 meters above ground, suspended from a hot air balloon with no safety net or parachute. Reports from CNBC AI News showcase the dangerous feat, which included a full-swinging giant. The stunt has garnered significant attention, with social media reactions ranging from awe to disbelief, praising Boitsov’s courage.

In China, a man sparked a cross-country car theft spree after balking at the price of a return flight. The suspect, named Chen, allegedly stole multiple vehicles across several provinces, using them for transportation. He was apprehended after stealing eight cars in total and attempting to return to Dalian. All stolen vehicles have been recovered, and charges are pending.

China is boosting its consumer market with a new round of subsidies to encourage the replacement of old goods. ¥138 billion (approximately $19 billion USD) in central government funds will be released in Q3 and Q4, following the distribution of ¥162 billion in the first half of the year. The program is part of a larger initiative with a total of ¥300 billion allocated and currently about 50% utilized, covering appliances, electronics, and vehicles. Local governments are also expected to contribute.

Elon Musk plans to revamp humanity’s knowledge base using Grok 3.5/4, addressing the issue of misinformation in current AI models. The model will rewrite the human knowledge repository, correcting errors and filling gaps for subsequent retraining. Grok is designed to identify and eliminate inaccuracies, aiming to be the ultimate knowledge curator and counter the rise of AI-generated fabricated content.

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Innovent Biologics will present at the ADA’s 85th Scientific Sessions, unveiling research on its pipeline for metabolic disease. Key highlights include IBI3030, a novel anti-PCSK9 antibody conjugate, and promising results on mazdutide, a dual GCG/GLP-1 receptor agonist. Mazdutide data will focus on liver fat reduction, MASH and fibrosis improvement, and uric acid reduction. The presentation will feature results from preclinical studies and investigator-initiated trials, pointing to Innovent’s focus on innovative metabolic disease therapies.

At the AGI Playground 2025, Luo Yonghao hinted at a new product launch after years of R&D under his company, Thin Red Line. Initially focused on AR glasses (found commercially unviable), the company pivoted to an AI-powered hardware/software solution, delayed by setbacks. However, a pure software solution is expected to launch within three months. Luo remained tight-lipped on specifics, likely due to past experiences with premature announcements.

U-Haul is providing 30 days of free self-storage and U-Box container usage in North Dakota and Minnesota to assist residents affected by recent tornadoes and a derecho. The company aims to help communities impacted by severe weather, offering secure storage for belongings during recovery. This complimentary offer applies to new rentals, with details on participating locations available in the provided list.

Former “Journey to the West” actor Chi Chongrui, known for his Tang Sanzang portrayal, is now marketing a luxury Beijing real estate project. The move, near the Forbidden City, sparked online amusement, highlighting his pivot into a new career. His wife, real estate tycoon Chen Lihua, provides a rich foundation for this venture. Chi’s move reflects his adaptation to changing markets, seeking to leverage his celebrity status.