Core Viewpoint - The partnership between Lehua Entertainment and Huaxi Biological has ended, with Lehua's subsidiary Tianjin Yihua exiting the ownership of the children's skincare brand Runxihe, which was established to address the skincare needs of the founders' daughters [1] Group 1: Company Developments - Huaxi Biological announced the completion of the equity transfer on July 10, 2025, indicating a strategic shift away from the Runxihe brand [1] - The initial collaboration aimed to leverage the strengths of both companies in skincare active ingredients and cultural entertainment, but the operational outcomes did not align with the founders' original intentions [1] - Lehua Entertainment plans to refocus on its core business and IP development following the amicable separation [1] Group 2: Brand Status - Runxihe, which was launched in 2019, is still listed on Huaxi Biological's website as its only children's skincare brand, featuring products like cleansers, moisturizers, shower gels, lip balms, and hand creams [1] - The brand's official flagship store is no longer searchable on major e-commerce platforms like Tmall and JD, with products now primarily available through third-party sellers [1] - The collaboration initially aimed to utilize celebrity influence to boost brand visibility, but this strategy did not yield the expected growth for the children's skincare line [1]

Core Viewpoint - Lehua Entertainment has quietly exited its partnership with Huaxi Biological, with the latter announcing the withdrawal of Tianjin Yihua Management Consulting Co., Ltd. from the shareholder list of the children's skincare brand Runxihe, effective July 10, 2025. The collaboration was initially based on the founders' insights into their daughters' skincare needs, but the operational model did not meet expectations, prompting the decision to part ways [1][13]. Company Summary - Huaxi Biological's announcement highlighted that the original intention behind the Runxihe brand was to leverage the strengths of both companies in skincare active ingredients and cultural entertainment to create a children's skincare brand. However, the operational model failed to reflect the founders' original vision, leading to the decision to adjust the partnership [1][13]. - Lehua Entertainment confirmed its focus on core business development and IP expansion following the amicable agreement with Huaxi Biological. The company previously held a 50% stake in Runxihe [4][13]. - The Runxihe brand, launched in 2019, was part of a joint venture established in 2023, coinciding with Lehua Entertainment's IPO in Hong Kong. The brand aimed to tap into the beauty market, which was seen as a potential growth area for Lehua [16][17]. Industry Summary - The children's skincare segment has emerged as a lucrative area for domestic beauty brands, with several companies entering the market, including Betaini with "Winona Baby" and Shanghai Jahwa with "Qichu." The market has seen rapid growth, with brands like "Turtle Dad" and "Kangaroo Mom" gaining significant traction [18]. - Despite the initial promise, Runxihe's performance has not met expectations, as indicated by Huaxi Biological's recent quarterly reports, which did not mention the brand's performance or product lines. The company has been undergoing significant organizational changes since late 2022, which may have influenced the decision to exit the partnership [17][18].

Core Viewpoint - The founder of HYBE, Bang Si-hyuk, is facing a criminal investigation by South Korean prosecutors for allegedly deceiving investors prior to the company's IPO in 2020 [1][5]. Group 1: Background and Company Overview - HYBE is the highest-valued entertainment company in South Korea, with a market capitalization of 11.1 trillion KRW (approximately 57.2 billion RMB), surpassing the combined value of the other three major entertainment companies in Korea by 4 trillion KRW [4]. - The case has garnered significant attention due to the scale of the alleged securities fraud [5]. Group 2: Allegations and Financial Implications - Bang Si-hyuk is accused of misleading investors, including venture capital firms, in 2019 by suggesting that HYBE had no plans for an IPO, which led them to sell shares to a special purpose company set up by HYBE executives [5][6]. - While investors sold their shares, HYBE was preparing for its IPO, and the special purpose company later sold its shares, allowing Bang Si-hyuk to earn approximately 190 billion KRW (around 980 million RMB) from the transaction [6]. - The agreement regarding profit-sharing was not disclosed during the IPO process, which constitutes a violation of disclosure regulations [6]. Group 3: Legal Consequences and Regulatory Response - According to Article 443 of the Capital Markets Act in South Korea, if illegal gains exceed 5 billion KRW (approximately 26 million RMB), the offender could face at least 5 years in prison, with the possibility of life imprisonment for higher amounts [7]. - The South Korean financial regulatory agency has stated its intention to cooperate fully with the prosecutor's investigation and to thoroughly examine the allegations [7]. - HYBE expressed regret over the financial regulator's decision and stated its commitment to clarifying the situation during the upcoming investigation to restore trust among stakeholders [7].

Market Performance - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.29% after a previous four-day increase of 697 points [1] - The index opened high at 24,704 points, reaching a peak of 24,867 points, the highest level in nearly four months since March 19, before facing selling pressure [1] - The market's trading volume was recorded at 258.95 billion HKD [1] Sector Performance - Strong performances were noted in sectors such as film and entertainment, domestic retail, and rare earth concepts, while sportswear stocks rebounded [1] - Conversely, sectors including building materials, consumer electronics, and automotive dealerships saw declines, with Chinese brokerage and insurance stocks also experiencing pullbacks [1] - Paper industry stocks have faced declines for two consecutive days [1] Individual Stock Movements - Notable individual stock movements included a 3.35% increase in Tongcheng Travel (00780.HK) and over 2% gains for Trip.com Group (09961.HK) and Kuaishou (01024.HK) [1] - On the downside, Kingdee International (00268.HK) saw a drop of over 6.5%, while Pop Mart (09992.HK) fell nearly 4% [1]

Market Performance - The Hong Kong stock market indices experienced fluctuations, with the Hang Seng Index rising by 0.46% to close at 24,139.57 points, the Hang Seng China Enterprises Index increasing by 0.22% to 8,687.56 points, and the Hang Seng Tech Index up by 0.61% to 5,248.48 points. The total market turnover was HKD 323.95 billion, with net inflows from southbound funds amounting to HKD 1.744 billion [1]. Brokerage Sector - Chinese brokerage stocks continued to perform strongly, with notable increases such as Guolian Minsheng rising by 15.40%, Hengtou Securities by 10.94%, Guotai Junan by 10.50%, and Zhongzhou Securities soaring by 47.47% [3]. - According to Kaiyuan Securities, the number of new accounts opened on the Shanghai Stock Exchange saw a significant year-on-year increase in June, along with a notable rise in trading volume. The brokerage sector is expected to maintain growth momentum in mid-year earnings reports, driven by themes such as stablecoins and overall market conditions [4]. Consumer Sector - Some new consumer stocks experienced a downturn, with Laopu Gold dropping by 11.42% and Pop Mart declining by 4.14%. CICC's report emphasized the importance of innovation, strategy, and operational capabilities in new consumer investments, suggesting that companies should convert traffic advantages into brand strength for sustainable growth [6]. Pharmaceutical Sector - WuXi AppTec saw a significant increase of 10.46% in its stock price. The company projected a revenue of approximately RMB 20.799 billion for the first half of the year, reflecting a year-on-year growth of about 20.64%. The net profit attributable to shareholders is expected to be around RMB 8.561 billion, marking a substantial year-on-year increase of approximately 101.92%, which includes investment gains from the sale of equity in an associate [12][8]. Celebrity-Related Stocks - Stocks related to Jay Chou, such as Superstar Legend, surged by 9.92% following his announcement of joining Douyin, which resulted in over 10 million followers within 21 hours [14].

Market Overview - The overall market experienced a pullback after reaching a high, with the Shanghai Composite Index down 0.13% and the Shenzhen Component down 0.06%, while the ChiNext Index rose by 0.16. The total market turnover was 15,274 billion, an increase of 528 billion from the previous day [1]. Company News - Upwind New Materials resumed trading after a 5-day suspension and opened with a 20% limit up, with 4.11 million hands sealed at the limit [3]. - Upwind New Materials announced a significant change in ownership, with Zhiyuan Robotics planning to acquire control through a share transfer and tender offer, potentially marking a landmark acquisition case for new productivity enterprises in the A-share market [5][6]. - Zhiyuan Robotics clarified that this action is not a reverse merger as defined by the regulations, but rather an acquisition of controlling interest [6]. Investment Insights - Investors on platforms like Xueqiu have expressed varied opinions on the acquisition, with some viewing it as a strong signal for mergers and acquisitions, particularly around newly listed companies [7]. - The acquisition of Upwind New Materials, a leader in vinyl ester resin, is seen as a strategic move for Zhiyuan Robotics, which could enhance its position in the robotics industry [7]. Stock Performance - The stock of Giant Legend surged over 160% following news that Jay Chou officially joined Douyin, with the stock reaching a peak of 17 HKD per share [9][11]. - Giant Legend, founded by Jay Chou's mother, generates revenue from businesses related to Chou, including concerts and merchandise [13]. Strategic Partnerships - CATL's stock reached a new historical high, increasing by 7.18% after signing a strategic cooperation agreement with Geely Automobile to deepen collaboration in battery technology and supply chain development [14][16].

Core Viewpoint - The entry of superstar Jay Chou into Douyin has led to a significant surge in the stock price of Giant Legend, a company closely associated with him, resulting in a single-day increase of 107% [1][6]. Group 1: Stock Performance - On July 9, Giant Legend's stock price peaked at 12.86 HKD per share, marking a rise of 100.94% [1]. - As of the latest update, the stock was trading at 12.62 HKD per share, reflecting a 97.19% increase and a total market capitalization exceeding 10.2 billion HKD [1]. - The stock had already seen a notable increase of over 32% in the previous day's trading, closing up by 26.73% [1]. Group 2: Shareholding and Financial Impact - By the end of 2024, key stakeholders including Ye Huimei and Yang Junrong will hold a combined 55.81% of Giant Legend, with this stake valued at over 6.1 billion HKD based on the highest stock price of the day, resulting in a paper profit exceeding 3 billion HKD [3]. - The company’s revenue for 2024 is projected to be 584 million HKD, a 35.8% increase from 430 million HKD in the previous year, with IP creation and operation contributing 314 million HKD, up approximately 65.1% from 190 million HKD [9]. Group 3: Business Operations and Strategy - Giant Legend, established in 2017, is deeply tied to Jay Chou, with its revenue primarily derived from activities related to him, including concerts, endorsements, and merchandise sales [7][8]. - The company has created and managed various IPs, including the official character "Zhou Tongxue" and has plans to launch self-branded products covering fashion, vinyl records, and food [9]. - Giant Legend aims to set up 1,000 vending machines nationwide and open its first physical store in Guangzhou by the third quarter, selling products related to the "Zhou Tongxue" brand and new IPs [9].

Group 1 - The core point of the article is that Lehua Entertainment has been actively repurchasing its shares, indicating a strategy to enhance shareholder value and confidence in the company's future prospects [2][3][6] - On June 30, the company repurchased 1.194 million shares at prices ranging from HKD 2.950 to HKD 3.180, totaling HKD 3.6992 million [2] - The stock closed at HKD 3.060 on the same day, reflecting a 2.00% increase with a total trading volume of HKD 13.2275 million [2] Group 2 - Since June 26, the company has conducted share buybacks for three consecutive days, accumulating a total of 4.464 million shares repurchased for a total amount of HKD 13.8668 million [2] - Year-to-date, the company has completed 60 share repurchase transactions, totaling 25.683 million shares and an aggregate repurchase amount of HKD 51.9275 million [3] - A detailed breakdown of the repurchase activities shows varying amounts and prices, with the highest repurchase price recorded at HKD 3.480 on June 23 [3][4]

Group 1 - The U.S. and Mexico are reportedly close to reaching an agreement to eliminate a 50% tariff on a certain amount of steel imports, which would revise a similar agreement from Trump's first term [1] - The new agreement would allow U.S. buyers to import steel from Mexico without tariffs as long as the total volume remains within historical trade limits, which will be higher than previous limits [1] - In 2022, the U.S. imported approximately 3.2 million tons of steel from Mexico, accounting for 12% of total U.S. steel imports [1] Group 2 - The Australian federal and New South Wales governments announced increased subsidies for households installing solar batteries, with state subsidies nearly doubling to AUD 1,500 [2] - The federal government is launching a AUD 2.3 billion "cheaper home battery program," providing about 30% subsidies on battery costs, with total subsidies potentially exceeding AUD 11,000 for larger installations [2] Group 3 - Virgin Australia is resuming international flights with the launch of a route from Sydney to Doha, marking its return to the international market post-COVID [3] - The resumption is part of a collaboration with Qatar Airways, which previously faced restrictions from the Australian government [3] Group 4 - The number of high-net-worth individuals in Australia increased by 55% compared to 2020, with a net gain of 55,000 individuals in the past year [4] - The luxury property market is thriving, with sales of properties priced over AUD 5 million expected to reach 3,295 transactions in 2024, a 5% increase from 2023 [4] Group 5 - The ASX 200 index reached a new historical high of 8,639 points, surpassing the previous high of 8,615 points set in February [20] - The financial sector led the gains, with a 2.69% increase, while the real estate and industrial sectors also saw significant growth [7] Group 6 - High salaries are reported in key industries in Australia, with government and defense analysts seeing a 26.8% increase in average annual salary to AUD 130,000 [29] - The mining sector is experiencing rapid salary growth for electrical engineers due to competition with renewable energy companies [29] Group 7 - Qantas announced the closure of its low-cost airline subsidiary Jetstar Asia, reallocating 13 aircraft to the Australian and New Zealand markets, and expects a loss of AUD 25 million for Jetstar Asia in the first half of the year [30][31]

Key Points - Temu and SHEIN have seen significant growth in the European market, with Temu's sales in the EU increasing over 60% and SHEIN's growth around 50% [8] - TikTok Shop is undergoing restructuring in Indonesia, cutting its workforce from approximately 5000 to around 2500 employees as part of cost-cutting measures [5][7] - Alibaba's AliExpress is launching its overseas 618 shopping festival, which is expected to drive significant sales growth [9][11] - SHEIN has set a goal to achieve net-zero emissions by 2050, with interim targets for 2030 approved by the Science Based Targets initiative [12][15] - DJI has acquired land in Shenzhen for the construction of a global headquarters for its smart aviation system, with a total building area of 188,000 square meters [18][21] - Bubble Mart has paused sales of its Labubu series in the UK due to safety concerns, despite achieving 100% revenue growth in the US market [22][25] - Tencent Music has become the second-largest shareholder of South Korean entertainment company SM Entertainment, acquiring 14.8% of its shares [26][28] - Dongguan-based cross-border e-commerce company SainStore has officially listed on the New Third Board, reporting significant revenue growth over the past three years [29][30] - Amazon's CEO expressed optimism about the grocery market, reporting over $100 billion in sales from its grocery business last year [45][47] - India's economy has surpassed Japan's, making it the fourth-largest economy globally, with projections to become the third-largest within the next few years [36][38]