Markets

Benchmark Electronics appoints Glynis A. Bryan, former CFO of Insight Enterprises, to its Board of Directors. Bryan brings over 20 years of financial experience, including strategic growth and M&A expertise. She also serves on the boards of Ameriprise Financial, Pinnacle West Capital, and WESCO International. Benchmark’s leadership welcomes her financial acumen and strategic oversight to enhance decision-making and long-term goals.

President Trump has extended the potential deadline for a U.S. ban on TikTok to September 17, 2025, marking the third such extension. This follows a 2024 law mandating ByteDance divest TikTok or face a ban. ByteDance has stated it will not sell the app. Despite the ongoing legal uncertainties, TikTok’s global user base continues to grow, exceeding one billion monthly active users outside of China.

LeddarTech Holdings Inc. (LDTC), an AI-powered software firm in the ADAS/AD space, will be delisted from Nasdaq on June 24, 2025. The delisting follows the company’s announcement of filing under the Bankruptcy and Insolvency Act (Canada). The company’s board of directors has resigned, and the company does not plan to appeal the decision. Further details on the BIA process will be released via Raymond Chabot Inc.’s website.

Former executive Li Guoqing is set to remarry Zhang Danhong, a fellow Peking University alumna, on August 16, 2025. The announcement, accompanied by poetic wedding invitations and social media posts, follows his 2023 divorce after a lengthy legal battle. Li, now focused on AI applications, views this as a fresh start.

Century Communities is launching Bravado, a new gated community in North Las Vegas, with homes starting in the $400s. The community features single-family homes with up to five bedrooms, smart home features, and designer finishes. A grand opening is scheduled for June 21st. Century Communities also highlights its online homebuying experience.

Viral videos of individuals in Meituan delivery uniforms depicting hardship have sparked controversy. Meituan refuted claims of fabricated scenarios, including a rider crying at 5 a.m. The videos, posted by accounts later found to be unregistered or recently registered, leverage emotionally charged themes for potential financial gain. Meituan is investigating and may pursue legal action, maintaining a zero-tolerance policy against defamation of delivery riders.

Tuya Inc. announced the results of its Annual General Meeting held in Hangzhou, China, with shareholders approving all resolutions. The company, a key player in the AIoT sector, focuses on its developer ecosystem by offering an AI cloud platform. This platform provides PaaS, SaaS, and smart solutions, empowering a global community to create sustainable, secure, and flexible smart solutions across various industries.

An EU court advisor backed a €4.12 billion fine against Google for abusing its Android market dominance, stemming from unfair practices with its search engine and pre-installation agreements. The advisor dismissed Google’s appeal, arguing its behavior unfairly benefited it. This recommendation carries significant weight. Google expressed disappointment, citing potential negative impacts on investment and users if the court adopts the recommendation. The final ruling is expected soon.

At MWC Shanghai 2025, Lenovo showcased its “Tianxi” personal AI assistant, a key step toward AI-powered devices. Tianxi uses multi-modal inputs to understand user environments and provides proactive collaboration. Lenovo emphasized data security with its trusted computing platform, featuring dual encryption. Key features include AI control, search, translation, and note-taking, enhancing user experience on various AI devices. Lenovo’s strategy targets a connected future through accessible AI innovation, emphasizing collaborative partnerships.

BMO is acquiring Burgundy Asset Management for $625 million in BMO shares to expand its wealth management services. This deal significantly strengthens BMO’s capabilities for high-net-worth and ultra-high-net-worth clients. Burgundy, with $27 billion in assets under management, will integrate into BMO Wealth Management, enhancing BMO’s position in the Canadian Investment Counsel market. The acquisition is expected to close by the end of 2025.