Markets

The 2025 Future Automotive Pioneers Conference in Shenzhen highlighted NIO’s advancements. CEO William Li unveiled the unified brand presence of NIO, ONVO, and Firefly, cleverly referencing “Willing to Win” in Chinese. He also emphasized NIO’s commitment to Shenzhen’s innovative spirit and its extensive charging network utilized by 90% of non-NIO vehicle drivers, solidifying NIO’s infrastructure investment in China.

Elon Musk left the U.S. Government Efficiency Department (DOGE) to advise former President Trump. He aims to continue contributing to DOGE’s goal of $1 trillion in spending cuts, despite facing challenges with job reductions and questionable savings. Musk plans to remain a key advisor while Trump expressed a willingness to utilize Musk’s expertise.

Avant Brands Inc. concluded its annual general meeting on May 30, 2025, with 16.19% of outstanding shares represented. Shareholders elected all six nominated directors, re-appointed Ernst & Young LLP as auditor, and approved several proposals, including the deferred share unit plan, its amendments, long-term incentive plan, its amendments, and the repricing of warrants and convertible debentures. Complete voting details reside on SEDAR+.

Tmall’s 618 shopping festival launched strongly, with sales exceeding expectations, driven by heavy discounts and government subsidies. Within hours, 217 brands hit 100 million yuan in GMV, including Apple, Midea, and Huawei. Home appliances, electronics, and other sectors saw significant growth, reflecting robust consumer demand and potentially indicating a shift in consumer preferences and economic health.

AWS is aggressively expanding its global infrastructure and securing NVIDIA’s AI chips to meet surging demand, anticipating billions in annual AI revenue. While AWS revenue increased in Q1, it lagged behind competitors like Microsoft Azure and Google Cloud. CEO Matt Garman highlighted datacenter expansions, collaboration with NVIDIA on GB200 chips, and willingness to host OpenAI models, advocating for cross-platform partnerships.

Hydreight Technologies reported strong Q1 2025 results, with a 34% year-over-year revenue increase to $6.53 million. GAAP revenue reached $4.54 million, and gross margin and adjusted EBITDA improved. The company achieved net profitability, ending the quarter with $6.04 million in cash. New nurse signups and pharmacy orders grew significantly. Driven by its strategic initiatives, Hydreight is focused on expansion and profitability within the digital health sector.

YANGAROO Inc. reported its eleventh consecutive quarter of positive normalized EBITDA, reaching $264,251 for Q1 2025. Despite a 7% year-over-year revenue decrease due to reduced advertising and music video deliveries, the company improved its operating income through operational efficiencies and cost control. The company is also focused on growth strategies and platform investments.

FiEE, Inc. (MINM) will resume trading on the Nasdaq on June 2, 2025, after receiving approval. The company, previously known as Minim, is refocusing on leveraging IoT, connectivity, and AI for brand management solutions, including AI-driven content creation for KOLs and brands. CEO Rafael Li highlights the re-listing as validation and emphasizes strategic initiatives for long-term growth.

Core Assets Corp. will consolidate shares at a 10:1 ratio and rebrand as Core Silver Corp., effective June 4, 2025. The trading symbol “CC” remains, while new CUSIP/ISIN designations are introduced. The company, focused on British Columbia exploration, will concentrate on its Blue Property silver project, located in a historically under-explored district it believes holds significant potential.

“Braised Goose Guy” (Lu’e Ge) is preparing to visit the US to meet “Jia 亢 Ge,” following the latter’s successful tour of China. This collaboration highlights the growing influence of online personalities as cultural ambassadors. Lu’e Ge’s rise began with a viral moment during Jia 亢 Ge’s China trip, further solidifying the power of digital platforms in cross-cultural exchange and shaping global narratives. His earlier interactions with tech entrepreneurs also showcase how personal brands can promote national culture.