Markets

E-commerce veteran Li Guoqing, 60, remarried in a “Still Believing in Love” themed wedding. His new wife, Zhang Danhong, was a Peking University classmate and his long-held “unattainable ideal.” After failed courtship attempts in the ’90s, including an offer of significant assets, they separated for decades. They eventually reunited, and his remarriage follows the completion of his asset division with his ex-wife just days earlier. Li had expressed a desire to marry someone “non-commercial.”

Alkane Resources (ALKEF) updated its FY2026 production guidance, expected in September, after merging with Mandalay Resources. The company is converting mineral estimates to JORC Code. FY2025 saw Costerfield produce 38,037 oz gold and 817 tonnes antimony, and Björkdal produced 41,364 oz gold. Total revenue was US$264.9M (Costerfield: US$136.8M, Björkdal: US$128.1M). The company retracted previous mine life estimates, advising investors against relying on them.

China Mobile’s 5G-A technology enhanced the Nanjing-Yancheng football match experience across Nanjing. At the stadium, 60,000 fans enjoyed seamless HD streaming and social sharing. 5G-A covered transportation hubs, ensuring fans stayed connected en route. Scenic spots like Confucius Temple blended match viewing with cultural experiences via AR navigation. Second viewing locations and home viewing through China Mobile’s service offered immersive experiences for those not at the game, creating a city-wide football celebration.

The Samsung Galaxy Z Fold7 aims to redefine mobile productivity with its thinnest, lightest, and most powerful foldable design yet. It addresses portability concerns with a remarkably lightweight build and durable construction. The dual-screen synergy facilitates efficient multi-tasking, while deeply integrated Galaxy AI features like “Instant Translate” and “Smart Drag and Drop” streamline workflows. This combination of hardware and software enhancements transforms fragmented moments into productive output, extending mobile office capabilities.

ASSA ABLOY acquired SiteOwl, a U.S.-based cloud platform for physical security lifecycle management. This acquisition enhances ASSA ABLOY’s integrated security solutions, addressing the growing demand for streamlined management of physical security systems. SiteOwl’s platform, founded in 2020, covers design, installation, and maintenance. ASSA ABLOY aims to offer a comprehensive service suite and lead the digital transformation of access control infrastructure.

BYD’s Branding Head, Li Yunfei, emphasized the company’s focus on internal development and avoidance of direct attacks on competitors, drawing a parallel to the defensive martial art Wing Chun. He advocated for healthy competition in the vast Chinese and global auto markets, discouraging malicious disparagement. Li urged BYD enthusiasts (“Di-fans”) to positively promote Chinese brands and avoid unproductive online disputes. This philosophy, echoed by Chairman Wang Chuanfu, reflects BYD’s core corporate culture of fair play and constructive growth.

Pang Donglai, a Chinese retail giant, is attracting attention with its unique hiring strategy for its new Xinxiang store. The company requires bachelor’s degrees for security and cleaning positions and is actively recruiting 200 veterans from demanding regions and up to 20 ex-offenders. Chairman Yu Donglai emphasized giving second chances and fostering dignity. Applicants face rigorous screening, focusing on cultural alignment. The move to hire ex-offenders has sparked online debate, praised for its progressive approach.

Nordson Electronics Solutions will showcase its latest semiconductor manufacturing innovations at SEMICON Taiwan 2025 (September 10-12, booth i2326). They will highlight automated fluid dispensing with the ASYMTEK® Vantage® system, featuring IntelliJet® jet valves for high-volume underfill and sealing applications. Experts will also discuss plasma treatment for impurity removal and surface preparation, bolstering semiconductor package reliability. Nordson’s brands offer solutions for fluid dispensing, conformal coating, plasma treatment, and selective soldering.

BYD’s Zhengzhou Speedway opening highlighted China’s dominance in NEV technology. CAIC rankings show Chinese companies, particularly BYD, leading in new energy, hybrid, and pure electric patent authorizations. BYD’s R&D (over 120,000 employees, averaging 45 daily patent filings) drives innovation, including the Blade Battery and advanced hybrid tech. This technological prowess fuels BYD’s sales, with significant domestic and overseas growth, solidifying China’s rising influence in the global NEV market.

Chen Rui has stepped down as the legal representative and executive director of two Bilibili-affiliated entities, Shanghai Kuanyu Digital Technology Co., Ltd. and Huali Electric Technology (Shanghai) Co., Ltd. Huang Shengsheng will be taking over these roles. Chen Rui, who joined Bilibili as a user in 2010 and later became an angel investor and CEO, oversaw Bilibili’s NASDAQ and Hong Kong Stock Exchange listings. This leadership change raises questions about Bilibili’s future strategy in China’s competitive online entertainment market. Analysts are closely observing Huang Shengsheng’s actions.