Markets

A consumer complaint alleges a refrigerator failed just five months after repair by a major appliance platform. The initial repair, costing over 500 yuan, was for a refrigerant leak. Subsequent diagnoses suggest the repair overcharged the unit or improperly used methanol. Independent technicians found the unit irreparable. The consumer has filed a formal complaint, which was dismissed by a supposed regional director. The platform faces a crisis of confidence amidst thousands of complaints.

VivoPower International PLC (VVPR) corrected its May 28, 2025 press release regarding its XRP digital asset strategy and a $121 million private placement. The company is shifting towards the XRP space, acquiring and managing XRP as part of a diversified digital treasury to support the XRP Ledger and DeFi infrastructure. This strategic pivot reflects a commitment to digital assets, with forward-looking statements subject to risks and uncertainties.

The United States has reportedly restricted exports of crucial technologies to China, impacting key sectors like aerospace and semiconductors. The restrictions, impacting the development of the COMAC C919 aircraft, are seen by Beijing as an overreach of national security concerns. China’s Ministry of Foreign Affairs condemned the US actions, emphasizing its commitment to international norms in its export controls and advocating for dialogue and cooperation.

This article compares four budget projectors: Hachi H3, Dangbei C2 Air, Xming Q5 Neo Plus, and Xiaomi Redmi 3 Lite. The Hachi H3 excels with impressive image quality, smooth system performance powered by Dangbei OS, and a sleek design. While others offer certain advantages, the Hachi H3 provides the best overall value, outperforming the competition in clarity, smart features and ease of use.

So-Young International (Nasdaq: SY) plans a reverse ADS split, changing its ADS ratio from 13:10 to 1:15, effective June 30, 2025. This adjustment, impacting ADS holders without required action, aims to proportionally increase the ADS price. Fractional entitlements will be sold, with net proceeds distributed to ADS holders. So-Young, connecting consumers with aesthetic treatments in China, highlights potential market risks.

At Design Shanghai 2025, ASKO, a century-old appliance brand, will unveil its latest collection, emphasizing the blend of technology and aesthetics. The “Breathing with Nature” themed exhibition, inspired by Scandinavian design, showcases sustainable practices and innovative solutions. The display includes an art installation by Chen Min, and forums exploring sustainable living. ASKO’s commitment to environmentally friendly design, evident in its dishwashers and washing machines, will be highlighted along with its accolades, including the Red Dot Design Award.

The Duku Highway in Xinjiang, China, is set to reopen on May 31, 2025, after completion of snow removal and repairs. This scenic 561km route, celebrated for its diverse landscapes and the experience of “four seasons in a single day,” will allow passenger vehicles with under seven seats. Anticipation is high, with tourists and the local tourism industry eagerly awaiting the reopening, evidenced by early arrivals and preparations for a reopening ceremony including fireworks. The highway typically operates from June to October due to heavy snowfall.

Baidu is suing Xiaomi and Shanghai Yiyi Information Technology for unfair competition. The case, scheduled for June 13th in Shanghai, highlights the intensifying competition within China’s tech industry. Baidu, the core entity of Baidu Group, and Xiaomi, a major consumer tech innovator, haven’t issued public comments on the matter.

Heineken embraces football fan superstition ahead of the UEFA Champions League Final. The brand is sending a self-proclaimed “jinx,” Marco Simeone, to a remote bar to watch the game, reflecting the survey that shows widespread superstitious rituals among fans. This quirky campaign highlights fan beliefs and the passionate culture around the sport.

Venture capitalist Zhu Xiaohu, known as a “unicorn hunter,” shared his experience of three missed opportunities to invest in CATL, the battery giant. He instead invested $70 million in Boston Power, which failed to commercialize its advanced technology, resulting in significant losses. Zhu now emphasizes the importance of commercial viability and a holistic investment approach, warning against solely focusing on technological advancement.