Markets

Kuaishou live streaming mogul Xinba announced his retirement, citing severe health issues including a lung condition reportedly comparable to a 95-year-old. He will entrust company operations to his business partner. Xinba has a history of respiratory ailments made worse by the demands of live streaming. His retirement follows controversy surrounding his brand “Cotton Secret” sanitary napkins, which were found to contain high levels of thiourea, a Class 3 carcinogen, and linked to consumer health problems.

Gree Electric’s Marketing Director, Zhu Lei, has addressed claims by Xiaomi that they have surpassed Gree in online air conditioner sales in China. Zhu stated that publicly available data from AVC doesn’t support Xiaomi’s claims and that Gree maintained its online market leadership in July. While acknowledging competition, Gree maintains its focus on quality and service to earn customer trust, despite Xiaomi’s ambition to dominate the home appliance market. Xiaomi’s data suggests they are now second in online market share, challenging Gree’s long-held leadership.

Genius Group (GNS) will host a live call on August 26, 2025, to discuss legal updates, including a market manipulation lawsuit and RICO case. GNS seeks $750M+ in the RICO case and rescission of a 2024 agreement with LZGI, demanding the return of 7.4M shares and $6.6M. A Florida court ruled against LZGI directors. Any legal proceeds will be split 50/50 between shareholders and Bitcoin purchases.

Entrepreneur Luo Yonghao rebranded his Weibo account to “Luo Yonghao’s Crossroads” ahead of his podcast launch featuring Li Xiang, CEO of Li Auto. The premiere episode showcases a lengthy conversation about Li’s entrepreneurial journey. The recording session revealed their contrasting personalities, with Li Xiang doing push-ups and Luo Yonghao stretching to stay engaged during the seven-hour podcast.

Ant Group is expanding its AI healthcare presence with the AQ application, designed to combat fraudulent medical advertising, particularly targeting vulnerable elderly populations. Named by Jack Ma, AQ aims to leverage AI to eliminate deceptive healthcare practices. Users can access anti-fraud tools like AI-powered image verification and a misinformation debunking service by typing “anti-fraud” within the app. Launched on June 26th, AQ also features extensive AI-driven health education and consultation resources, representing a strategic investment in AI-driven healthcare.

Tinka Resources (TKRFF) received approval to drill its Silvia gold-copper property in Peru, 100 km south of the Antamina mine. Silvia NW target boasts three mineralized zones along a 4 km trend. Area A shows promising trench samples, including 46 meters at 1.9 g/t gold and 0.8% copper. A 1,500-meter drill program is planned for Q4 2025, pending funding. The property spans 10,906 hectares with permits for 40 drill platforms over 4 km².

A viral video shows an Indian woman mistaking the Chinese toy figure Labubu for a deity and offering it traditional worship. The incident, initially shared on TikTok and X, sparked online amusement and discussion about cultural exchange and potential misinterpretations. Commentators noted the encompassing nature of faith and the toy’s global appeal despite its obscure origins. The event highlights the importance of cultural sensitivity in an interconnected, digital world.

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.