ZG Group, a major Chinese steel trading platform, saw its revenue increase by 36.7% to 2.12 billion yuan in 2025, driven by international expansion and new AI tools. However, gross margins fell from 27.5% to 17.9%, and net losses surged from 68.7 million yuan to 590 million yuan due to costs linked to business transformation and lower-margin supply chain services. The company is shifting from a high-margin platform to diversified supply-chain and trading services, including AI-powered procurement and overseas operations, but profitability remains under pressure. Investors remain cautious as the company’s share price dropped over 50% in six months amid concerns about its strategic direction and earnings outlook.
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
