Markets
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WeChat Cracks Down on Girl Group’s Sexually Suggestive Livestream Outfits, Severe Violations Lead to Permanent Bans
Team Broadcasts (“Tuan Bo”), a rising trend on Chinese live streaming platforms, involves multiple hosts, often female, sharing a single broadcast. This format allows hosts to leverage collective charisma, skills, and audience reach.
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Cango Inc. Announces Completion of Secondary Acquisition and New Leadership Appointments
Cango Inc. (NYSE: CANG) has completed its strategic shift to Bitcoin mining with a new Board and senior management team. Xin Jin, founder and CEO of Antalpha Platform Holding Company, is the new Chairman. Peng Yu, with experience in BTC mining, energy, and asset management, assumes the role of CEO. The leadership changes coincide with the resignations of Xiaojun Zhang and Jiayuan Lin. This transformation signals Cango’s ambition to establish a presence in the digital asset space.
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Xiaomi Fans Eager for Lei Jun’s Annual Speech; Wang Teng: Let Lei Rest After Busy June
Xiaomi enthusiasts await CEO Lei Jun’s annual address; however, the timing is uncertain. Redmi’s Wang Teng suggests Lei needs a break after a busy June. Lei’s annual speeches since 2020 have been highly anticipated, with last year’s focusing on the challenges of Xiaomi’s entry into the electric vehicle market. He attributed the success of the Xiaomi SU7 to collective courage.
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The Biggest Failure in Medical Research: Discoveries That Are Unaffordable
BGI Genomics CEO Yin Ye’s predictions of humans living to 150 and Gen Z having limitless lifespans have sparked debate. A resurfaced video reveals Yin’s concern over the inaccessibility of advanced medical treatments due to high costs. He advocates for drastically reducing these costs to ensure equitable access to precision medicine, even in underserved regions. He also discussed the “overflow effect,” arguing that initial adoption by the wealthy will eventually lead to universal access to medical technologies, preparing society for extended lifespans.
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Moghe Hotels Divide: A Battle of Brands, Haier vs. Leader Air Conditioners
Mohe, China’s “Arctic,” experienced unprecedented heat this summer, forcing hotels to install air conditioning. The Songying and Blueberry Hotels both chose Haier Smart Home brands, Haier and Leader respectively, to cool their properties. Songying valued Haier’s reliability, while Blueberry targeted younger guests with Leader’s stylish design and smart features. Haier’s strong logistics and service network enabled quick delivery and installation in this remote region, fueling a 300% sales increase in Northeast China and making it the fastest-growing brand in the industry.
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Otis Announces Second Quarter 2025 Results
Otis Worldwide reported mixed second-quarter 2025 results, with service driving growth amid new equipment headwinds, particularly in China. Service net sales rose 6%, with organic sales up 4%, and the service operating profit margin expanded. Modernization orders surged 22%. While overall net sales were flat, excluding China, new equipment orders climbed 11%. The company reaffirms its 2025 EPS outlook.
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L2 Requires Constant Driver Attention: Experts Stress Assisted Driving is Not Autonomous, Accidents Are Not the Automaker’s Responsibility
Automakers promote ADAS, but experts stress these Level 2 systems are driver *aids*, not autonomous replacements. Drivers must remain engaged, bearing responsibility for accidents unless product defects are proven. Simulations revealed ADAS failures in critical scenarios: only 47% of vehicles avoided a highway collision with a truck obstruction at night, and only 58% stopped for a child darting into the road. V2X integration is seen as the future beyond current L2 limitations.
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Expro Launches Advanced Brute® Packer System for Deepwater Wells
Expro launched its BRUTE® High-Pressure, High Tensile Packer System on July 23, 2025, designed for extreme deepwater conditions. The system allows equipment to be set higher in the wellbore, reducing rig time and risk. Paired with the BRUTE® 2 Storm Valve, it offers a robust solution. Following a successful deployment of the 12.25” system, Expro is introducing a 20”/22” Packer System to address issues with high-pressure wellhead housings, increasing expansion capacity for casing testing and suspension. Initial deployments have validated the system’s pressure integrity and performance.
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Samsung’s AI Missed Opportunity: NVIDIA’s 2018 Partnership Proposal Rejected – HBM, CUDA, and Foundry
In 2018, Nvidia’s Jensen Huang proposed a collaboration with Samsung encompassing HBM, advanced process node development, and CUDA advancement. Reportedly rejected due to Samsung’s internal challenges, this decision allowed Nvidia to partner with SK Hynix for HBM, a lucrative alliance that saw SK Hynix’s share price surge. Meanwhile, Samsung now lags in HBM production and the AI chip foundry market, dominated by TSMC for Nvidia’s chips. Samsung is now trying to catch up, aiming for HBM4 contracts.
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Quark Health’s Large Language Model Passes 12 Physician-in-Chief Exams – A First in China
The Quark Health LLM has become the first domestic AI model in China to pass written evaluations for 12 core medical disciplines at the Chief Physician level. Integrated into Quark’s AI search, this “Chief Physician-level AI doctor” provides advanced diagnostic assistance. The LLM, built on Tongyi Qianwen, excels in complex medical challenges due to its “slow-thinking” abilities mimicking experienced physicians’ reasoning. With support from medical experts and a robust data system, Quark’s AI search platform is widely used by medical students.