Markets

Dangdang founder Li Guoqing announced the finalized dissolution of his marriage with Yu Yu, with asset division finalized. Li expressed gratitude and apologized for any disruption. He wishes Dangdang, now with Yu Yu at the helm, continued success. Li plans new ventures, including AI applications and philanthropic collaborations. The separation followed a long public conflict over management and financial disputes, starting with their 1999 co-founding of Dangdang.

Endeavour Mining announced a share buyback transaction on June 13, 2025, repurchasing 12,000 ordinary shares from Stifel Nicolaus Europe Limited as part of its ongoing buy-back program. The shares were purchased at prices between 2,248.00 and 2,284.00 GBp, with a volume-weighted average price of 2,277.67 GBp. After the cancellation, the issued shares total 241,990,346.

Neta Auto, facing financial challenges, is undergoing a major restructuring overseen by a Chinese court. This government-backed initiative aims to address debt, attract investment, and streamline management. A key component involves potentially replacing current CEO Fang Yunzhou with someone from a major multinational automotive firm, fueling speculation of a leadership change and echoes concerns from previous CEO turnover. The reorganization prioritizes creditors, employees, and customers, with a focus on resuming production, enhancing technology, and global expansion.

Shengjian Goat Milk Group’s president publicly denounced industry practices like price gouging and deceptive marketing, sparking consumer concern. To rebuild trust, the company launched a “pension fund” initiative, offering grants to consumers over 35. This move garnered positive online reactions and demonstrated the company’s commitment to ethical conduct, highlighted by a live-stream event on June 14th. Shengjian, a leading organic goat milk powder seller in China, aims to differentiate itself.

Northern Oil and Gas (NOG) is issuing an additional $175 million of 3.625% convertible senior notes due 2029. Proceeds will be used for share repurchases and a hedge aimed at offsetting dilution, with the “cap” price for those transactions set at $50.87. The offering provides increased strategic flexibility, with a settlement date of June 17, 2025.

Former Xuesersi executive “Princess” Chengcheng is returning to the company’s livestreaming channel on June 14th after departing earlier in 2025 for work-life balance. Following her leave, she traveled and launched her own successful personal livestreaming channel. Prior to her departure, she aimed to share a lifestyle-focused approach, discussing learning and education topics.

A 200,000-square-meter city park, the “Zhengzhou Integrated Transportation Hub Eastern Core Area Underground Space Comprehensive Utilization Project Existing Landscape Engineering,” is under construction in Zhengzhou, China, near a planned retail location. This 72.91-million-yuan project includes leisure, sports, and scenic areas, aiming to create a green corridor from the high-speed rail station. The adjacent retail space, set to open before 2026, will offer diverse commercial options.

Oklo Inc., an advanced nuclear technology firm, is launching a public offering of 6,666,667 Class A shares at $60.00 each, potentially raising $400 million. The capital will fund operations and future investments. Goldman Sachs and BofA Securities are leading the offering, expected to close June 16, 2025. Oklo aims to develop clean, reliable energy via fast fission power plants, while also focusing on radioisotope production and fuel recycling.

After a public feud, Elon Musk and Donald Trump sought reconciliation. Musk, after initiating the conflict with harsh words and accusations, issued a public apology. The article explores their complex relationship, highlighting past camaraderie and financial ties that influenced their interactions. The fallout included stock drops and potential business repercussions, prompting Musk’s swift reversal and aligning with Trump’s views, ultimately leading to apologies and a truce.

A 42-year-old internet personality with a large following has been diagnosed with hepatic fibrosis, a chronic liver condition. This condition, characterized by scar tissue buildup in the liver, can stem from various underlying liver diseases. If left unmanaged, it may progress to cirrhosis or liver cancer. Early detection and adherence to medical guidance are crucial for managing this condition, which can cause symptoms like fatigue and abdominal discomfort.