Markets

Xiaomi employee Wang Teng has reportedly been fired after an internal investigation revealed he leaked confidential company information. An internal memo citing severe policy violations confirmed the dismissal. The specifics of the leak remain undisclosed, sparking industry speculation. Tech blogger “Digital Chat Station” denied involvement amid rumors linking them to the incident. The case highlights challenges tech companies face in protecting sensitive data and the growing influence of online tech commentators on market dynamics. Xiaomi’s swift action underscores the importance of information security.

Fannie Mae’s August 2025 National Housing Survey reveals a slight dip in consumer housing sentiment. The Home Purchase Sentiment Index (HPSI) decreased marginally, both month-over-month and year-over-year, indicating a slow cooling of housing market optimism. Persistent inflation, fluctuating mortgage rates, and affordability challenges are cited as factors weighing on consumer sentiment. The rise of AI-powered real estate tools, while enhancing transparency, also highlights the financial realities of homeownership. The HPSI is closely monitored as a leading indicator of future housing market activity.

Society Pass (SOPA) announced it has regained compliance with Nasdaq listing standards, specifically Rule 5550(b)(2), by meeting the minimum stockholders’ equity requirement of $2.5 million. Nasdaq confirmed the compliance on September 2, 2025. Maintaining its Nasdaq listing is crucial for SOPA, a Southeast Asian investment firm, as it allows continued access to capital markets and enhances its visibility among investors in the competitive tech landscape. This follows previous scrutiny regarding its listing status.

A woman in Anhui, China, won 1 million yuan ($137,000 USD) from a 20 yuan scratch-off ticket, sparking online excitement. Security cameras captured her joyous reaction. The win underscores the lottery’s appeal and randomness, despite low-cost tickets raising responsible gambling concerns. China’s lottery revenues support public welfare. Officials urge players to gamble responsibly, safeguard tickets, and understand regulations. The incident highlights the lottery’s role in both funding social causes and fueling dreams of wealth.

Medical Care Technologies Inc. (MDCE) CEO Marshall Perkins surrendered 680 million shares, decreasing the outstanding share count. While the authorized share count remains at 8 billion, this action signals commitment to shareholder value. MDCE focuses on AI healthcare and sports authentication through subsidiaries, targeting the trillion-dollar global healthcare market with its AI health diagnostics platform. The move aims to strengthen the company’s financial foundation and enable continued growth.

Planet Labs PBC (PL) reported record Q2 revenue of $73.4M, a 20% YoY increase, and a 516% YoY increase in RPOs to $690.1M. Backlog grew 245% YoY to $736.1M. The company generated $85.1M in year-to-date net cash from operating activities and $54.3M in positive free cash flow. Planet launched two high-resolution Pelican satellites and secured key contracts with the U.S. DoD, NATO, and the German government. They ended the quarter strong with revenue growth, positive EBITDA, and $271.5M in cash, cash equivalents, and short-term investments.

Huawei’s Richard Yu is challenging LiDAR skepticism with the new AITO M7, showcasing its ADS 4.0’s ability to navigate complex urban environments in Chongqing. The system utilizes a multi-sensor approach, including LiDAR, contrasting with Tesla’s camera-only strategy. Huawei claims the AITO M7 successfully navigated numerous challenges on the first attempt, attributing its capabilities to their intelligent driving technology and LiDAR. The debate revolves around the necessity of LiDAR for fully autonomous driving versus reliance on cameras. Widespread adoption depends on long-term performance and regulatory approval.

Focus Graphite (FCSMF) Chairman Jeff York converted C$200,000 of his personal loan into company equity, representing 571,428 shares. This conversion is part of an initiative to eliminate York’s total loan of C$1,535,000 and improve the company’s financial standing. To adhere to TSX Venture Exchange regulations, York sold 488,000 shares. The company intends to continue converting debt to equity strategically to protect shareholder value and propel the advancement of the Lac Knife and Lac Tetepisca graphite projects.

Apex Critical Metals (APXCF) appointed Alex Knox to its Technical Advisory Board, enhancing expertise in rare earth elements and niobium. The company granted 1,760,000 stock options to directors, officers, and consultants, exercisable at $1.97 until 2030, vesting over 12 months. Apex also issued 1,660,000 restricted share units (RSUs) that vest after four months, but can be deferred to quarterly vesting over 16 months. These incentives aim to align management interests with shareholders.

Rumors suggest Hainan province may implement a road maintenance fee for EVs, potentially diminishing EV adoption advantages, especially for ride-hailing services, by creating additional operating costs. The fee, ranging from 0.12 to 0.3 yuan/km, recalls pre-2009 policies. While unverified online, the speculation highlights the broader challenge of funding road maintenance as gasoline tax revenues decline. However, Hainan authorities have denied the rumors, emphasizing the need for transparent communication and sustainable funding models to address concerns about EV adoption’s long-term economic implications and prevent misinformation.