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The inheritance dispute of Wahaha’s late founder, Zong Qinghou, intensifies as individuals claiming to be his illegitimate children sue for a share of his assets. This includes a $2.1 billion trust and a significant stake in the Wahaha Group. Despite Wahaha’s initial statement that the matter is a private family affair with no impact on business, the Hangzhou Shangcheng District Finance Bureau has intervened by establishing a special task force to address complaints and resolve the issue promptly.

LUXXFOLIO Holdings (CSE: LUXX) increased its Litecoin treasury to 20,084 LTC, a 151.6% Litecoin-per-share yield. The company closed a $2.5 million financing and deployed 841 cbLTC into decentralized liquidity protocols for yield generation. LUXXFOLIO is advancing Litecoin infrastructure development and remains debt-free. Geoff Balderson replaced Geoff McCord as CFO and Director. They are focusing on stablecoin payments and yield.

A fake movie poster for “Pegasus 3” featuring Xiaomi CEO Lei Jun and the SU7 went viral, fueling speculation about his acting debut. The poster used an image from Lei Jun’s drifting practice while learning to drive the SU7. Xiaomi’s PR General Manager Wang Hua confirmed the poster was inauthentic. Lei Jun’s drifting skills, showcased in a video, are part of his commitment to understanding the automotive industry. He aims to be a top CEO driver.

Extreme heatwaves in China are raising concerns about tire failure and driving safety. Experts warn that high temperatures increase tire pressure, making blowouts more likely, especially during sudden braking. Drivers are advised to drive smoothly, avoid hard braking, take regular breaks for tire cool-down, and avoid using water to cool hot tires. In case of a blowout, maintain composure and decelerate gradually.

Wolters Kluwer (WTKWY) repurchased 196,897 shares between July 10-16, 2025, at an average price of €139.16, totaling €27.4 million. This is part of their €1 billion share buyback program for 2025. To date, they’ve repurchased 3,885,856 shares for €590.6 million, averaging €151.99 per share. They’re using third parties to execute €350 million of the buybacks between May 8 and July 28, 2025 for capital reduction.

South Korean investors are increasingly investing in Chinese equities, with over $5.4 billion traded year-to-date, making China their second-largest overseas investment destination. Xiaomi Group is the most popular stock, followed by BYD and CATL. Pop Mart also sees growing interest. The China Universal CSI Robotics ETF is favored in A-shares. This shift is likely due to the performance of Chinese tech and emerging industries, coupled with Korea’s strong KOSPI performance fueled by its tech sector dominance and government policies.

A SAIC Motor executive, Shao Jingfeng, argues that design homogeneity is a major challenge in the EV market, hindering brand identity. He criticizes the industry’s trend towards similar features like closed-off front fascias and minimalist interiors. Shao suggests incorporating “Chinese romanticism” to differentiate designs and avoid generic “globalized templates.” He believes cultural nuances can create compelling and unique vehicles in a crowded market, moving beyond risk mitigation to recapture the spirit of automotive design.

Genflow Biosciences (GENFF) secured a €4 million non-dilutive grant from Belgium’s Wallonia Region to advance GF-1002, its gene therapy candidate for Metabolic Associated Steatohepatitis (MASH). The grant covers a three-year development program aligned with Genflow’s clinical roadmap. While initial disbursement awaits administrative procedures, the GF-1002 program continues without interruption. Genflow highlights that all project-related expenses incurred in 2025 will be eligible under the grant’s terms.

A family feud within Wahaha Group, involving claims of founder Zong Qinghou’s undisclosed children and a $2 billion inheritance battle in Hong Kong, is trending on Chinese social media. The dispute has triggered discussions about the beverage company’s succession and values. Simultaneously, resurfaced comments from Nongfu Spring’s founder Zhong Shanshan, emphasizing ethics, national commitment, and earned honor, are being interpreted as a subtle commentary on Wahaha’s internal conflict.

As of July 1, 2025, China has updated its minimum wage standards, varying across provinces and municipalities. Most regions use a tiered system. Shanghai leads with a monthly minimum wage of RMB 2,740, and Beijing with an hourly rate of RMB 26.4. Minimum wage adjustments directly affect income distribution and improve employee benefits like overtime pay and social security contribution bases, benefiting the broader workforce.