Markets

China’s luxury market is rebounding, driven by Qixi Festival gifting. Apparel, shoes, and handbags are popular choices, with e-commerce platforms seeing increased sales. However, consumers prioritize value, seeking discounts and cost-effectiveness. E-tailers are capitalizing on this trend with sales events, offering luxury goods at significantly reduced prices. This shift reflects a broader consumer behavior, where cost-effectiveness and emotional satisfaction are key drivers, particularly among younger shoppers moving away from purely expensive items. China’s gift economy continues to grow, projected to reach ¥1.6197 trillion by 2027.

WuXi Biologics (2269.HK) announced SBTi approval of its near-term and net-zero GHG emissions reduction targets, aligning with 1.5°C pathways and committing to net-zero across its value chain by 2050. As a leading Green CRDMO, WuXi Biologics implements a comprehensive strategy, engaging suppliers to reduce its environmental footprint. CEO Dr. Chris Chen views this as a catalyst for further action and delivering ESG excellence. The company holds MSCI AAA Rating, EcoVadis Platinum Medal, and DJSI listing.

8×8, Inc. has extended its partnership with Southampton FC, continuing as an official partner for Men’s and Women’s First Teams through the 2025/26 season. 8×8’s cloud-based technology is integral to the club’s operations, enhancing matchday experiences and fan engagement through streamlined communications. The partnership focuses on fostering deeper connections with supporters via personalized interactions and timely updates. The renewed agreement includes increased brand visibility and collaborative community outreach programs, leveraging 8×8’s unified platform to elevate fan experiences and operational efficiency.

Haier Group, via Katai Capital, acquired a 43% controlling stake in Autohome from Ping An Insurance for $1.8 billion. This makes Haier the controlling shareholder, while Ping An retains a 5.1% indirect stake. Concurrently, Wu Tao stepped down as CEO, replaced by Yang Song who assured no layoffs. Yang Song envisions Autohome’s evolution into a comprehensive automotive ecosystem through collaboration with Haier and Ping An. Autohome, founded in 2005, has seen previous ownership transitions involving Telstra and Ping An.

CMB.TECH (CMBT) reported mixed Q2 2025 results. While revenue increased to $387.8 million, the company posted a net loss of $7.6 million, a stark contrast to the $184.4 million profit in Q2 2024. EBITDA also declined to $224.1 million. The merger with Golden Ocean was completed, creating a 250-vessel fleet. CMB.TECH declared an interim dividend of $0.05 USD and maintains a strong contract backlog of $2.93 billion. Vessel sales generated significant capital gains. Legal challenges from Golden Ocean shareholders remain.

Following Wuhan’s pet-friendly hotel trend, a Guangzhou guesthouse is gaining popularity for offering “Cat Cuddling” or “Cat Butler” services. Guests can enjoy the companionship of eight resident cats (Ragdolls, British Shorthairs, and American Shorthairs) in three rooms, with nightly rates ranging from ¥400 to over ¥1000. The guesthouse prioritizes hygiene and safety with vaccinated and groomed cats, 24-hour surveillance, and readily available first aid. They’ve served over 700 customers, offering a private experience distinct from traditional cat cafes.

Cognition Therapeutics (CGTX) announced a $30 million direct offering of 14.7 million common shares to two new institutional investors. Closing is expected around August 29, 2025. Proceeds will fund Phase 3 program preparation for zervimesine in neurodegenerative disorders, working capital, and general corporate purposes. Titan Partners Group acted as the sole placement agent. This secures funding to advance zervimesine to Phase 3 trials, however, the offering causes share dilution.

SK hynix has begun shipping mobile DRAM featuring industry-first High-K EMC, significantly improving thermal management. This innovation boosts thermal conductivity by 3.5x and reduces thermal resistance by 47%, mitigating heat issues in on-device AI applications, where rising data transfer rates generate considerable heat. The breakthrough is achieved by incorporating Alumina into Silica-based EMC. SK hynix aims to lead in next-generation mobile DRAM through continued material innovation, enhancing performance and extending device lifespan.

General Enterprise Ventures (GEVI) announced a 1-for-6 reverse stock split, effective August 27, 2025, reducing outstanding shares to approximately 14.6 million. The stock will trade as GEVID temporarily before reverting to GEVI. This strategic move aims to meet national securities exchange listing requirements and attract institutional investors. The split won’t affect percentage ownership; fractional shares will be rounded up. The company, through its subsidiary Mighty Fire Breaker, seeks growth in wildfire prevention technology.

Toll Brothers is offering a final opportunity to purchase luxury townhomes at its Hilltop community in Reno, Nevada. Located next to Lakeridge Golf Course, these move-in ready, three-story residences range from 2,636 to over 3,010 square feet, with prices starting in the mid-$700,000s. Each home features 3 bedrooms, multiple baths, and a 2-car garage, plus finished basements, covered patios, and decks ideal for full-time living or a low-maintenance lifestyle.