Markets
-
Geely Galaxy A7 Test Drive Event in Zhengzhou: Starting from RMB 81,800, Experience 2.67L/100km Fuel Consumption
Geely Auto’s Galaxy A7 was showcased at a recent event in Zhengzhou, highlighting its modern design, intelligent features, and efficient hybrid system. The mid-size sedan features a 15.4-inch central screen, HUD, and Galaxy NOS with Flyme Auto. Equipped with advanced ADAS, including Highway NOA and AEB, it boasts a 1.5-liter engine-based EM-i super hybrid system with a 47.26% thermal efficiency and a 2.67L/100km fuel consumption (CLTC). The A7 received over 10,000 pre-orders shortly after launch.
-
IO Biotech to Release Topline Phase 3 Melanoma Trial Results for Cylembio® plus KEYTRUDA®
IO Biotech (IOBT) will release topline results from its Phase 3 trial (IOB-013/KN-D18) of Cylembio, an immune-modulatory cancer vaccine, in combination with KEYTRUDA® for advanced melanoma on August 11, 2025. A conference call and live webcast will detail the data comparing Cylembio plus KEYTRUDA® versus KEYTRUDA® alone as a first-line treatment. The trial focuses on patients with unresectable or metastatic melanoma. A replay will be available on the company website.
-
Haier Pioneers Static Air Levitation Technology, Achieving Unprecedented Production Capacity
Haier has launched a static pressure air-bearing compressor, demonstrating its leadership in oil-free technology and advancing the industry towards scaled applications. This technology offers over 50% energy savings compared to traditional compressors and is protected by numerous patents. Following its success with magnetic levitation chillers, Haier aims to replicate that growth in the air-bearing chiller market, which benefits from a strong focus on green transformation. An industry alliance has been formed to accelerate the adoption of air-bearing technology.
-
China XLX Announces 2025 Half-Year Results
China XLX Fertiliser reported strong Q2 2025 results, with revenue up 16.7% QoQ to RMB 6.82 billion and profit surging 103.4% QoQ to RMB 402 million. H1 revenue grew 5% YoY to RMB 12.666 billion, although profit declined 12.8% YoY. The company improved its debt structure and reduced finance expenses. Key operational highlights include increased urea exports and revenue growth in compound fertilizer and methanol segments. Phase II of the Jiangxi Project is scheduled to commence operations in Q3 2025.
-
Five-Day Spring and Autumn Breaks Announced for Primary and Secondary Schools in [Location]
Foshan, China, will pilot autumn and spring breaks for compulsory education starting in the 2025-2026 academic year, adding five extra days off for students. This initiative, aiming to reduce academic pressure in line with the “double reduction” policy, encourages social practice and limits homework during breaks. Schools will provide on-campus care. The autumn break is scheduled for November 2025, and the spring break will be around the May Day holiday. Several regions in China are exploring similar breaks, potentially indicating a national trend toward prioritizing student well-being.
-
US Chip Backdoor Techniques Exposed: Soft and Hard Methods Target Intel, AMD, and NVIDIA
Following U.S. approval of NVIDIA’s H20 AI chip export to China, Beijing reportedly summoned the company to discuss potential security risks, including alleged “backdoors.” NVIDIA denies these claims, but Chinese state media demands irrefutable proof of security. An exposé details potential hardware and software backdoor methods for remote shutdown and tracking, highlighting concerns over U.S. control of AI chip technology and its implications for Chinese data security and energy efficiency goals. The report suggests the H20 chip is neither secure nor environmentally friendly for China.
-
Making Business Harder: Experts Uncover the Food Delivery War as a Capital-Driven, Market-Share-Burning Endgame
China’s food delivery platforms are engaged in intense subsidy wars, offering deep discounts to consumers and boosting order volumes. However, restaurants are struggling to profit, with some even losing money due to platform fees, delivery costs, and merchant-funded discounts. While consumers benefit from lower prices initially, experts warn this “burning money for market share” strategy is unsustainable and could compromise food quality and safety. Platforms and industry associations are now urging for fair competition and a return to value creation.
-
Alibaba’s Xiaohao App Shut Down, Leaving Countless Users Frustrated
Alibaba’s Ali Small Number, a virtual number service launched in 2014, is shutting down due to security concerns and misuse for spam and illegal activities. The service allowed users to obtain virtual numbers without a physical SIM, offering privacy and protection from harassment. The closure has sparked frustration among users who relied on it for managing online accounts. Users are advised to identify and update accounts linked to their virtual numbers before the service is discontinued on October 31st. Official support offers limited assistance.
-
Worldwide Club for Travel Enthusiasts Now Live in the U.S.
Travelzoo (TZOO) is offering U.S. Club Members exclusive travel deals, including an Ireland vacation for $599, a Mexico 5-star getaway for $999, and up to 75% off Hamptons beachfront stays. Other deals feature a Paris trip with flights for $499 and a Caribbean all-inclusive package for $399. These curated offers, vetted by Travelzoo’s experts, provide significant savings on coveted experiences. Availability is limited, encouraging prompt booking.
-
Musk Hints at Losing Control of Tesla
Elon Musk has voiced concerns about losing control of Tesla, citing his current 12.8% stake as insufficient to secure his position, especially with the company’s future robotics focus. He refuted claims of using Tesla stock as loan collateral. Musk aims for a 25% share to maintain strategic influence, highlighting the impact of stock option taxation on his voting control. His apprehension stems from the possibility of being ousted by activist shareholders after Tesla produces “millions of robots.”