"Mingzhu VII" — a ¥100M+ non‑powered cruise moored at a wharf in Wenzhou, capsized last night. The 158 m long vessel was built in 2012 and fitted out in 2021. The local emergency bureau says they are investigating the cause, with no casualties reported.

DMG Mori is aiming to raise ¥48.2 billion ($302 million) through the sale of new shares in the overseas markets as global investors show solid appetite for the nation’s stocks

SOFTBANK’S $2B INTEL BET DELIVERS ¥1.33T QUARTERLY GAIN SoftBank’s April-June net profit fell 18% YoY to ¥347.3B, but still beat the ¥148.4B consensus. Total investment gains reached ¥1.85T, including a ¥1.33T gain on Intel after its shares more than tripled during the quarter. Vision Fund gains fell 65% to ¥255.7B, while OpenAI’s valuation remained unchanged. SoftBank has now committed more than $64B to OpenAI for a stake of around 13%. CFO Yoshimitsu Goto defended the investment, saying OpenAI retains an “overwhelming first-mover advantage” among consumers. SoftBank also plans to begin construction this year on its 10GW Ohio data center project and is in advanced talks with customers over long-term capacity leases. Goto dismissed AI overbuild concerns, pointing instead to an “overwhelming shortage” of computing capacity. Source: Nikkei Asia

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