BusinessManufacturing

Fuyao Glass Founder Cho Tak Wong Steps Down, Son Assumes Chairmanship

** Cho Tak Wong, the influential founder of Fuyao Glass, has retired from his role as chairman, marking a significant leadership transition for one of the world’s largest auto glass makers. The 79-year-old billionaire, a symbol of China’s economic rise, will be succeeded by his son, Tso Fai. The company, famous for the Oscar-winning documentary “American Factory,” remains a major global player with substantial investments in the United States. **CONTENT:**

Leadership Transition at Global Glass Giant

PolicyTechnology

China Regulators Halt Tech Giants’ Stablecoin Initiatives in Hong Kong

Major Chinese technology firms have suspended their stablecoin initiatives in Hong Kong after receiving directives from Beijing regulators. The move reflects broader concerns about private sector currency issuance and its potential impact on China’s digital currency strategy.

Regulatory Intervention Halts Stablecoin Plans

Chinese technology giants have reportedly paused their stablecoin issuance plans in Hong Kong following intervention from Beijing regulators, according to multiple sources familiar with the situation. Companies including Ant Group and JD.com had previously expressed interest in participating in Hong Kong’s pilot stablecoin program but have now put these ambitions on hold.

BusinessGaming

Former GTA Executive’s Gaming Venture Faces Crisis After Disastrous Launch

The video game studio founded by former Grand Theft Auto producer Leslie Benzies confronts crisis following the disastrous launch of their debut title MindsEye. Staff report shock as company leadership alleges internal sabotage while implementing redundancy measures just weeks after the game’s release.

Gaming Studio in Turmoil Following Catastrophic Launch

Build a Rocket Boy, the Edinburgh-based video game development studio founded by former Grand Theft Auto producer Leslie Benzies, is facing internal crisis following the disastrous reception of their debut title MindsEye, according to reports verified by BBC Newsbeat. The science fiction adventure game released in July 2025 was universally panned by critics and players alike, with many labeling it “broken” and “the worst game of 2025.”

GamingTechnology

Microsoft Unveils Ambitious Software Roadmap for New Xbox-Branded Handheld Devices

Microsoft has detailed a comprehensive software roadmap for its newly launched ROG Xbox Ally handheld devices. The upcoming features include AI-powered visual enhancements, automated gameplay capture, and deeper Xbox ecosystem integration set to roll out through 2026.

Xbox’s Handheld Vision Takes Shape With Software Roadmap

Microsoft has revealed an ambitious software roadmap for the newly launched ROG Xbox Ally and Ally X handheld devices, according to recent reports. The comprehensive plan outlines AI-powered features, quality-of-life improvements, and deeper ecosystem integration that sources indicate will transform the devices beyond their initial hardware capabilities.

BusinessFintech

Australian Banking Sector Faces Scrutiny Over Inadequate Hardship Response Systems

Australian financial institutions are facing renewed criticism for allegedly failing to properly respond to customer hardship requests. According to regulatory data, nearly 2,900 complaints were filed regarding unaddressed assistance pleas during 2024-25.

Banking Hardship Response Failures Worsen Despite Regulatory Pressure

Australian banks are reportedly failing to adequately respond to a growing number of financial hardship requests from struggling customers, according to exclusive data from the country’s financial watchdog. Sources indicate that automated systems have generated generic responses that fail to account for individual circumstances, while some institutions allegedly provide no response at all.

GamingHardware

GPD WIN 5 Handheld Challenges Workstation Performance in Compact Form Factor

A new gaming handheld is reportedly blurring the lines between portable gaming devices and serious creative workstations. The GPD WIN 5 packs desktop-grade performance into a compact form factor that fits comfortably in one hand. However, questions remain about thermal management and practical application for professional workflows.

Portable Powerhouse Challenges Traditional Computing Categories

According to reports from Japanese publication PC Watch, the GPD WIN 5 from Shenzhen GPD Technology represents a significant shift in portable computing, packing desktop-grade performance into a frame that reportedly fits comfortably in one hand. This development appears to challenge conventional ideas about what constitutes a serious personal computer for both gaming and professional applications.