Markets

Tel Instrument (TIC) delayed its 10-K filing due to credit line negotiations, moving to the OTC Pink market temporarily. Simultaneously, TIC is raising capital with insider participation to strengthen its balance sheet and fund growth. Positively, the U.S. Navy approved full-rate production of TIC’s CRAFT upgrade KITS, with an initial order of 150 units, expected to increase annual revenue by $5 million. Increased adoption of SDR-OMNI test sets further diversifies revenue. TIC anticipates substantial revenue growth and profitability from the Navy contract and CRAFT production.

Fosun International highlighted its H1 2025 results in Shanghai, emphasizing strategic focus, innovation, and globalization. Chairman Guo Guangchang cited progress in biopharmaceuticals and a commitment to core sector dominance. Co-Chairman Wang Qunbin stressed prudent financial management and debt reduction, while Co-CEO Chen Qiyu emphasized an “Innovation + Globalization” strategy. Overseas revenue constitutes 53% of total revenue. CFO Gong Ping outlined goals to reduce debt to RMB 60 billion, achieve RMB 10 billion in profit, and increase dividend payout. Revenue reached RMB 87.28 billion.

Xpeng Motors showcased its “AI Changing the World” vision at the Chengdu Motor Show, presenting vehicles like the revamped P7, G7, X9, MONA M03, and the IRON humanoid robot. The exhibit highlighted Xpeng’s AI technologies, including its Turing AI system, custom chip, and fast charging solutions. First deliveries of the updated P7 coincided with the show. Driven by strong financial results and record deliveries, Xpeng is expanding its technology partnership with Volkswagen and accelerating its global presence, aiming to become a leading global AI automotive company.

Franklin Templeton is launching the Franklin Dividend Growth ETF (FRIZ), targeting long-term capital appreciation through investments in fundamentally sound, U.S.-based companies with dividend growth potential. Managed by the Franklin Equity Group, FRIZ will feature a concentrated portfolio emphasizing companies with resilient business models and sustainable advantages. The ETF expands Franklin Templeton’s active ETF offerings, providing clients with diversified dividend expertise via a tax-efficient structure. As of August 21, 2025, Franklin Templeton manages over $47 billion in ETF assets globally.

The COLLIGO-HCM study, part of the WAYFARER-HCM program, presented at ESC Congress 2025, demonstrates Camzyos’ efficacy and safety in treating obstructive hypertrophic cardiomyopathy (oHCM). Real-world data showed significant reduction in left ventricular outflow tract (LVOT) obstruction and symptom alleviation in a diverse patient population, aligning with previous clinical trials. Nearly 60% of patients improved NYHA class by week 24 and the benefits were sustained through 96 weeks. The study also suggests Camzyos allows for reduced use of other medications.

Alibaba’s Amap is expanding its global footprint by launching ride-hailing services in Canada, New Zealand, Switzerland, and the UAE, bringing its availability to 30 countries. Chinese users can access the service abroad without needing new SIM cards, using familiar payment platforms and the Chinese interface. Amap offers integrated travel services, including real-time translation and navigation, addressing pain points for international travelers by providing a streamlined, one-app experience.

CleanTech Vanadium Mining (CTVFF) is expanding in the Illinois-Kentucky Fluorspar District (IKFD) with a binding option to purchase 970 acres for US$184,000. The properties abut historic mines and place CleanTech strategically within the prolific IKFD. This acquisition brings CleanTech’s total land holdings to over 8,150 acres in a region that once accounted for over 90% of US Fluorspar production. This move occurs amidst rising fluorspar prices.

Noah Holdings (NYSE: NOAH & HKEX: 6686) reported Q2 2025 net revenues of RMB 630 million, a 2.2% YoY increase, with non-GAAP net income surging 78.2% YoY. Overseas revenue accounted for nearly half of total net revenues. AUM reached RMB 145.1 billion. Noah is expanding its global presence, including a partnership with Coinbase for a stablecoin yield fund, and focusing on AI integration and operational efficiency to sustain growth. The company is strategically targeting global Chinese HNWIs with diverse product offerings and enhanced services.

Chinese livestreaming star Xinba (Xin Youzhi) announced his (apparent) retirement during his “818” anniversary livestream, citing health reasons. The account will be transferred to Xin Xuan Group, managed by his wife, Chu Ruixue. Xinba addressed skepticism, claiming this retirement is final, despite four previous announcements of stepping back. He officially handed over the account to Chu Ruixue. This announcement comes amidst controversy surrounding his “Cotton Secret” sanitary napkins, which were found to contain high levels of thiourea, a class 3 carcinogen. Xinba has yet to comment on the product safety concerns.

Compagnie Financiere Tradition (CFNCF) reported strong H1 2025 results. Revenue, including joint ventures, rose 12.3% to CHF 632.1 million at constant exchange rates. EBITDA increased 27.3% to CHF 114.7 million, improving the margin to 18.1%. Interdealer broking revenue grew 11.2% to CHF 607.6 million, while online forex trading in Japan surged 47.6% to CHF 24.5 million. Net profit increased 20.4% to CHF 70.2 million. The company has a solid balance sheet with net cash of CHF 278.3 million, up 22.1% year-over-year.