Markets

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.

Chinese retailer Pang Dong Lai is hiring 900 employees, prioritizing social responsibility with dedicated channels for veterans, including those from Xinjiang and Tibet (aiming for 200 hires), and plans for 20 recruits with prior criminal convictions. Applicants, limited to Henan province residents, must demonstrate alignment with the company’s culture of sincerity and well-being through provided resources. The recruitment drive begins August 23rd, emphasizing work-life balance.

On August 16, 2025, Bragg Gaming Group (BRAG:CA) detected a cybersecurity incident. Immediate action was taken with external cybersecurity specialists engaged. Preliminary findings suggest the breach was contained within Bragg’s internal network, with no apparent personal data compromise and no impact on operational capabilities. Bragg is providing updates on its website, emphasizing data security. The incident highlights the iGaming industry’s vulnerability to cyber threats and the need for robust security measures. Forward-looking statements regarding the incident are subject to uncertainties.

A razor review by tech YouTuber Lou Bin sparked controversy after his analysis favored Flyco’s F8 over Laifen’s P3 Pro, citing price-performance issues. Laifen’s CEO responded, alleging unfair practices involving Lou’s ex-employee brother. Accusations and rebuttals ensued, with Laifen detailing issues surrounding the ex-employee. Both the CEO and ex-employee have since declared an end to the public dispute, and Lou Bin stated he would not pursue further defamation unless it repeats.

Chengdu Topway has successfully produced and delivered China’s first domestically developed 8.6th generation Common Metal Mask (CMM) to a leading client. This marks a significant breakthrough in OLED core material production, addressing a critical technology gap. The 2620 x 2290mm CMM is designed for medium-to-large sized displays and enables lower production costs. Overcoming challenges in exposure, etching, and tension control, this achievement reduces reliance on foreign technology and strengthens China’s advanced display ecosystem.

Can-Am, a BRP Inc. brand, introduces its next-generation Defender side-by-side vehicle for 2026. Aimed at farmers, ranchers, and off-road enthusiasts, the redesigned Defender features a new 95-horsepower Rotax ACE engine, improved suspension with increased ground clearance, and braking enhancements. Ergonomic upgrades include a larger cab with more legroom and an optional touchscreen display with GPS navigation. Over 200 accessories are available to customize the Defender for various work and recreational needs.

A Douyin user, Wang Moumou, created a fake missing-child post using AI, generating widespread concern. The fabricated video detailed a fictional abduction, complete with a pilfered image of a child. Investigations revealed the hoax, leading to Wang’s arrest. He confessed to using AI to gain online followers. The incident highlights the dangers of AI-generated misinformation and the ethical implications of exploiting social media algorithms for personal gain, prompting calls for increased media literacy and responsible online behavior.

Martial arts star Jet Li recently shared a photo from a hospital bed, describing it as “another trial of impermanence.” The 62-year-old actor, known for films like “Hero” and “Lethal Weapon 4,” previously reassured fans about his health, citing a “hardware issue” requiring repairs. Li, who has addressed past death rumors with a philosophical view on social media traffic, has openly discussed his hyperthyroidism. His influential filmography includes classics such as “Shaolin Temple” and “Once Upon a Time in China.”

Zedcor Inc. (TSXV: ZDC) announced the grant of 60,000 Restricted Share Units (RSUs) to its employees, effective August 14, 2025. This aligns employee incentives with shareholder value under the company’s 10% RSU/DSU plan. The RSUs vest incrementally over three years, with one-third vesting annually from the grant date. Investors should note the three-year expiration from the grant date. Zedcor provides tech-driven security solutions across North America.

Following severe storms with 70 mph winds, ComEd is working to restore power to northern Illinois. Over 80% of impacted customers have been brought back online. As of Sunday morning, roughly 40,000 customers remained without power, primarily in areas like Crystal Lake and Rockford. Over 500 crews are deployed, and ComEd anticipates restoring power to nearly all customers by Monday afternoon, prioritizing critical infrastructure. The utility urges caution around downed lines and offers various reporting and tracking tools. ComEd has invested significantly in grid modernization, improving reliability.