Ennostar divests Kfes Lighting in strategic pivot to high-growth sectors

Ennostar, through its subsidiary Epistar JV, announced Monday that it will divest its entire stake in Kfes Lighting, as part of a broader strategic shift to streamline its operations and sharpen its focus on high-growth sectors. The transaction, valued at US$35.73 million, was approved by Ennostar’s board and is expected to improve the group’s financial flexibility.

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Integrating elite hires poses challenge for Meta’s AI reboot

Meta Platforms has announced the formation of Meta Superintelligence Labs (MSL), aiming to challenge rivals in the artificial intelligence sector through a substantial recruitment campaign and strategic realignment. CEO Mark Zuckerberg revealed the initiative in an internal memo dated June 30, 2025, naming Alexandr Wang, former Scale AI founder, as Chief AI Officer, with former GitHub CEO Nat Friedman co-leading the lab. The creation of MSL marks Meta’s intensified push into AI research and development, backed by efforts to consolidate its existing AI infrastructure.

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US tariff rates: 10% or 70%? Industry says it will determine chip supply direction

Following the announcement of a preliminary tariff agreement framework with Vietnam, US President Donald Trump recently told the media that letters would soon be sent to several related countries outlining subsequent tariff regulations. Regarding the scope of tariffs, Trump’s statements were ambiguous, indicating some countries would face rates between 10-20%, while others could see tariffs as high as 60-70%, a significant disparity.

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Xiaomi’s ‘toys for grown-ups’ strategy fuels hype for YU7 EV, smart glasses

Xiaomi’s latest breakout products, the YU7 electric vehicle and AI-powered smart glasses, are making waves not just for their functionality, but for how they’re being positioned and sold. In today’s digital-first consumer economy, tech is no longer just about utilities; it’s a lifestyle marker. Analysts are increasingly framing this shift as “hype-driven tech consumption,” with some even likening it to the rise of “tech collectibles.”

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