Markets
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Correction Notice for Ridgeline Minerals Annual General Meeting
Ridgeline Minerals (RDGMF) has corrected a typographical error in its upcoming Annual General Meeting (AGM) materials, clarifying the record date as July 3, 2025. The AGM is still scheduled for August 12, 2025. Amended materials are available on SEDAR+ and the company website. Ridgeline Minerals focuses on exploration across seven projects in Nevada, holding both wholly-owned assets and strategic partnerships.
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YouTuber Daxiong Bro’s Company Faces Cancellation After Revealing $1.75 Million Scam
Beijing Aniya, linked to influencer Da Xiang Ge, is undergoing simplified cancellation. Da Xiang Ge, previously a top content creator, revealed a debt exceeding ten million yuan following a failed investment of 12.49 million yuan (approximately $1.7 million USD) in a catering project where the partner allegedly absconded. Aniya also divested shares in Shanghai Lizhaoman in May, a company co-owned with the involved catering executive. The cancellation announcement period is from July 7-27, 2025.
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* **Meituan Commission Controversy: Merchants Claim 20%, Platform Denies, Revealing the Truth** * **The Meituan Commission Rate Debate: Unveiling the Discrepancy** * **Decoding Meituan’s Commission Rates: A Deep Dive into the Merchant-Platform Dispute** * **Meituan’s Commission Rates Under Scrutiny: Examining the Merchant Perspective vs. Platform Claims** * **Meituan Commission Rates: The Truth Behind the 20% vs. 8% Debate**
Meituan’s local commerce CEO Wang Putao addressed merchant concerns about high commission fees in China’s competitive food delivery market. Merchants perceive commissions around 20%, while Meituan claims effective rates are 6-8%. The discrepancy stems from combining technical service fees (commissions) and delivery service fees. Wang explained that a significant portion of the 20% goes to subsidizing delivery costs, not platform revenue. He also clarified that marketing expenses are largely merchant-driven subsidies, not fees to Meituan, and the issue is low average order values during the “delivery wars”.
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Two Point Studios Founder Condemns UK’s Antiquities Theft
“Two Point Campus” will release its “Fantastic Follies” DLC on July 17th. The developers at Two Point Studios addressed the potential inclusion of real-world artifacts, acknowledging the sensitivities surrounding historical ownership, especially for a UK-based studio. They utilize humor and absurdity to avoid misrepresentation in culturally sensitive themes. They are exploring a potential DLC centered around Chinese culture, emphasizing the need for expert guidance to avoid cultural missteps and ensure respectful representation.
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First Andes Silver Completes First Tranche of Private Placement
First Andes Silver (TSXV: FAS, OTC: MSLVF) completed the first tranche of a non-brokered private placement, raising $1.017 million CAD. They issued 10,170,000 units at $0.10 CAD each, including warrants exercisable at $0.15 CAD. Proceeds will fund drilling at the Santas Gloria silver property and working capital. The company paid finder’s fees and issued warrants. Securities have a four-month resale restriction. A second tranche is expected to close soon, pending TSX Venture Exchange approval.
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Air India Plane Crash: Black Box Suggests Pilot Shut Off Fuel Supply
A U.S. investigation into the June 12th Indian Airlines crash, which killed over 270, suggests the pilot(s) may have deliberately cut fuel to both engines. Citing black box recordings, a CCTV report indicates the focus has shifted from technical malfunction to possible crew error. Indian Airlines hasn’t responded. The crash, involving a Boeing 787-8 shortly after takeoff, was initially attributed to disrupted fuel supply. However, experts find intentional engine shutdown unlikely, given the necessary actions and illogic immediately after takeoff.
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Additional Regional Soil Sampling Programs Completed
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Faraday Future Secures $105M Funding to Accelerate FF 91 Production
Faraday Future (FF) has secured $105 million in funding to boost production of its upcoming FX Super One model and advance its AI technology roadmap. The package includes $82 million in new unsecured convertible notes and warrants. Existing investors, including Master Investment Group, and new institutions participated. Terms are more favorable compared to previous rounds. FF’s CEO Jerry Wang stated the financing will enhance the company’s ability to deliver the FX Super One and establish FF as a leader in intelligent electric mobility.
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NKGen Biotech Secures Funding to Restore Compliance and Maintain Nasdaq Listing
NKGen Biotech (NKGN) secured $2M from a Japanese investor to regain compliance after its parent company’s bankruptcy. Shares move to OTC Expert Market temporarily before uplisting to OTCQB and eventually Nasdaq/NYSE American. The funding supports the development of troculeucel, an NK cell therapy for neurodegenerative diseases moving forward in Phase 2 trials. NKGen also plans to acquire a majority stake in NKMax, consolidating key IP rights across Asia.
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LendingTree to Announce Second Quarter 2025 Earnings on July 31, 2025
LendingTree, Inc. (NASDAQ: TREE) will release its Q2 2025 earnings on July 31, 2025, after market close. A shareholder letter will be available on its investor relations website. A conference call will be held at 5:00 p.m. ET, featuring CEO Doug Lebda, to discuss financial highlights and future strategies. A live webcast and replay will be accessible on the company’s website. LendingTree operates a large online financial platform connecting consumers with financial partners for various financial products.