Markets

Xiaomi CEO Lei Jun stated the company will avoid a price war, focusing on sustainable growth in the automotive sector. Xiaomi aims for a long-term hardware profit margin capped at 5% and plans to produce its own automotive chips. The YU7 standard edition pricing will be decided just before launch. The company projects its automotive, chip, and other new ventures will achieve profitability in Q3 or Q4, supported by strong Q1 performance and significant investment in intelligent driving system R&D.

Barrick Gold sold its 50% stake in the Donlin Gold Project in Alaska for $1 billion to Paulson Advisers and NOVAGOLD. This strategic move reflects Barrick’s portfolio recalibration, focusing on resource allocation and streamlining operations. The divestiture, involving one of North America’s largest undeveloped gold deposits, frees up capital for Barrick to pursue new ventures or enhance existing ones, attracting keen Wall Street attention.

Bicara Therapeutics (BCAX) will present at the Goldman Sachs 46th Annual Global Healthcare Conference. Management will host a fireside chat on June 10th to discuss the company’s strategy and pipeline. The presentation will focus on their clinical-stage bifunctional therapies, particularly their lead program, ficerafusp alfa, designed to treat solid tumors by overcoming challenges in the tumor microenvironment. A webcast replay will be available.

Asana has been named a Leader in Forrester’s Collaborative Work Management (CWM) Tools, Q2 2025 report. The company received its highest score in the Strategy category, excelling in Vision, Innovation, and Roadmap. Asana’s vision focuses on human and AI collaboration, offering features like AI Studio and Smart Workflow Gallery to enhance productivity and streamline workflows. The platform aims to connect work with core objectives and provide transparency, supporting businesses navigating an AI-driven landscape.

The article explores the potential and pitfalls of AI in healthcare. While AI doctors promise improved precision, studies reveal they can amplify existing biases in treatment based on factors like income, gender, or race. Concerns about data quality and inherent biases within healthcare systems necessitate adjustments. The solution involves a shift from a disease-centered approach to a focus on the overall patient, alongside ongoing medical progress and the use of data.

POP MART’s LABUBU designer toys are experiencing immense global popularity, particularly in the US, fueled by celebrity endorsements and social media trends. Sales in the US market are booming, rivaling luxury goods. The craze has led to customization, high demand, and even the development of secondary industries. While successful, the company faces challenges in IP development and balancing product scarcity with market responsiveness.

JetBlue and Brightline have formed an intermodal alliance for streamlined travel in Florida. Customers can now book Brightline rail tickets directly on jetblue.com, creating combined itineraries. This integrated booking optimizes travel to and from cities like Miami, Fort Lauderdale, and Orlando with seamless air-rail transfers, offering convenience and enhanced customer recovery options during disruptions.

Xiaomi’s stock is trading around HK$53.2, nearing a previous high. Its P/E ratio of 54 indicates strong growth potential. Facing the question of whether to buy, CEO Lei Jun emphasizes Xiaomi’s improving fundamentals and long-term performance, expressing confidence in future growth for long-term investors.

According to IDC’s latest report on China’s Passive Optical LAN market, Huawei remains the market leader for the sixth consecutive year. The study projects steady growth with a 7.3% expansion in 2025 and an estimated RMB 2.52 billion market by 2029. Huawei’s F5G-A all-optical campus solution, featuring 50G PON and Wi-Fi 7, and its AI-powered FTTO Planner are key drivers of this growth.

Gartner research indicates that traditional personalized marketing is backfiring. A survey of 1,464 B2B buyers and consumers reveals 53% report negative experiences, leading to purchase regret and future hesitancy. Active personalization, which proactively addresses customer needs through interactive methods, emerges as a superior strategy. It boosts customer confidence and ROI significantly, allowing customers to own their journey and fostering deeper engagement. Gartner recommends actively addressing journey pitfalls, catalyzing emotional change, and embracing customer co-creation for enhanced marketing outcomes.