Markets

A new, unregistered Changan sedan crashed on the Shenhai Expressway in China, rear-ending a Toyota. Footage showed the Changan failing to brake in time. Surprisingly, the drivers were siblings; the sister had just bought the Changan and was following her brother. The sister was fined for failing to maintain a safe distance. The incident went viral, sparking humorous online comments about sibling relationships.

A customer using a Chinese navigation app reported a problematic hotel booking experience. Despite a confirmed reservation and payment for an Atour Hotel in Hangzhou, the room wasn’t available upon arrival. The customer faced extra costs and poor customer service, receiving an inadequate refund and compensation. The app displayed misleading booking information and provided vague responses when questioned. The incident raises concerns about platform accountability in China’s online travel market.

Freightos and Forward Air Corporation are expanding their partnership, enabling digital bookings for LTL and linehaul trucking on the 7LFreight by WebCargo platform. This integration offers forwarders access to Forward’s extensive network across North America and Mexico, streamlining bookings and improving overall logistics efficiency, with plans to add digital payment and cartage services.

NBA star Victor Wembanyama is reportedly in a 10-day silent retreat at Shaolin Temple. Images show the 7’4″ phenom with a shaved head and Buddhist robes. The temple confirmed his arrival and spiritual practice, while his entourage departed. This has sparked online buzz and speculation about the timing of this transformative experience amidst his burgeoning career and cultural exploration in China.

China launched a pilot program (2025-2027) for smart elderly care robots, jointly announced by the Ministry of Industry and Information Technology and the Ministry of Civil Affairs. The program targets home, community, and institutional care, focusing on assistive robots, companionship, and health promotion. It emphasizes standardized frameworks, rigorous testing, and collaborative R&D to improve safety and usability, with outcomes showcased to promote robotic elder care solutions for the aging population.

Former Xbox VP Peter Moore revealed Microsoft’s preference for a cloud-based gaming strategy, mirroring Netflix’s model. He suggests Microsoft would have skipped consoles entirely, prioritizing content aggregation via streaming. The Activision Blizzard acquisition signals this shift towards multi-platform expansion. Despite this, Microsoft recognizes the continued demand for consoles like the Switch and will likely maintain hardware development alongside its evolving, broader ecosystem.

Dassault Systèmes announced the total number of outstanding shares and voting rights as of May 31, 2025, as required by French financial regulations. The company reports 1,340,826,964 outstanding shares and 2,014,017,258 voting rights. This information provides transparency for investors. Dassault Systèmes, established in 1981, is a key technology company driving progress through its 3DEXPERIENCE platform.

SK Hynix surpassed Samsung Electronics in operating profit in 2024, achieving 21.33 trillion won, driven by a strong performance in the memory chip market. South Korea’s 1,000 major listed companies also saw record profits, with a 92.7% increase from 2023. While Samsung had significantly higher revenue, SK Hynix’s operating profit margin was much higher. The CXO Institute predicts SK Hynix to maintain its lead in 2025.

Version 1.1.6 of the screen capture tool introduces automatic window snapping for precise captures and addresses user feedback for improved stability. This update focuses on enhancing user experience and builds upon its core strengths: lightweight design and intelligent functionality. The software also boasts AI-powered features, including real-time content analysis and enhanced information extraction from screenshots, making it a versatile tool.

Pantheon Resources appoints Tralisa Maraj as CFO and Erich Krumanocker as CDO, signaling a shift from exploration to development of its Alaska North Slope assets. This move aims to unlock the value of its Kodiak and Ahpun fields, estimated to hold substantial oil and gas reserves, and facilitate a listing on a major U.S. exchange. The company is also offering incentives like stock options.