Markets

JD Auto was found guilty of unfair competition against Tuhu Car by the Shanghai Intellectual Property Court, stemming from JD Auto’s “Zhenhu Price” campaign. The court ruled the campaign constituted commercial disparagement and false advertising. JD Auto must cease the practices, pay Tuhu Car 5 million yuan in damages, and publish a statement across multiple platforms for ten days to mitigate reputational damage. Tuhu Car confirmed receiving the compensation but awaits JD Auto’s public statement.

SiriusPoint (SPNT) reported strong Q2 2025 results with a Core combined ratio of 89.5%, a 3.8-point year-over-year improvement. Core underwriting income soared 83% to $68 million. Net income was $59.2 million ($0.50 per diluted share), and gross premiums written grew 10%. The return on equity reached 12.7%, with an underlying ROE of 17.0%, exceeding the target range. Book value per diluted share (ex. AOCI) increased 3.2% to $15.64, and the Q2’25 BSCR estimate is 223%.

The upcoming MediaTek Dimensity 9500 is rumored to offer a 40% improvement in GPU efficiency over its predecessor, alongside significant ray tracing performance gains. This could allow flagship smartphones to achieve frame rates exceeding 100fps in ray tracing, rivaling high-end PCs. This enhancement caters to the growing demand for better mobile gaming experiences with demanding titles. The Dimensity 9500 aims to elevate mobile game visuals, potentially setting a new industry benchmark for performance and efficiency.

TuHu Car won a lawsuit against JD Auto in China over JD’s “Crush Tiger Price” campaign, which was ruled as unfair competition. The campaign, launched around TuHu’s Hong Kong IPO, aimed to undercut TuHu’s prices by 5%. TuHu argued this misrepresented their pricing. The court sided with TuHu, ordering the cessation of the campaign. This case underscores the intensifying competition in China’s auto maintenance e-commerce and sets a legal precedent regarding aggressive pricing strategies.

Southchip introduced the SC77450CQ, its second-generation automotive-grade High-Side Switch (HSD). This product marks a significant advancement, utilizing Southchip’s vertically integrated BCD process and a fully domestic supply chain. As the first high-side switch with complete domestic sourcing and integrated technology, the SC77450CQ challenges overseas dominance. Key features include: quad-channel configuration, low on-resistance (50mΩ), wide voltage range (4V-28V), high-precision current sensing (±4% at 2A), and comprehensive protection mechanisms suitable for automotive and industrial use.

An AI-generated missing person poster, featuring a fabricated girl and distressed plea, went viral, garnering over 1.6 million views. The creator confessed to fabricating the story using AI to gain attention and clicks. The incident sparked a police investigation and administrative detention, highlighting the potential for AI misuse to create deceptive content and disrupt public order, raising concerns about ethical AI usage and the spread of AI-generated misinformation.

CrowdStrike’s 2025 report reveals that adversaries are weaponizing GenAI to scale attacks, targeting AI agents and autonomous systems. DPRK-linked hackers infiltrated over 320 companies using GenAI. Cybercriminals are exploiting AI agent vulnerabilities to steal credentials and deploy malware. Cloud attacks, especially from Chinese groups, surged by 136%. The report emphasizes securing AI systems against these emerging threats as the cyber battleground evolves.

The 10th Scientific Data Conference highlighted Hygon DCU-powered innovations and collaborations with CAS, IHEP, and NAOC. Hygon and IHEP unveiled a scientific LLM solution leveraging Hygon’s DCUs and IHEP’s data. CAS showcased multimodal AI applications (“Zidong Taichu”). IHEP uses Hygon DCUs to manage big data in high energy physics, creating “Xi Wu,” a leading L2 model. Hygon’s DTK, DAS, and DAP optimize scientific software, achieving significant efficiency gains in astronomy and cryo-electron microscopy. Hygon aims to foster a Chinese technological innovation ecosystem.

OCI Global (OCI) will distribute $700 million ($3.31/share) to shareholders on September 5, 2025, via capital repayment and an extraordinary dividend. The ex-dividend date is August 18, 2025. Shareholders can choose to receive funds as capital repayment or dividend and can elect to receive payment in USD (default) or EUR between August 20 and September 2. The EUR conversion rate will be set on September 3. Unspecified preferences will default to capital repayment.

Zhejiang Hongzhen Intelligent Chip Co., Ltd., a company known for recent board reshuffles, has been officially dissolved. China’s National Enterprise Credit Information Publicity System indicates the company’s status changed to “cancellation” on July 28, 2025, due to a dissolution resolution.