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On October 19th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated in a statement that 23 models saw price reductions in September this year (compared to 36 models in the same period last year and 11 models in the same period in 2023), indicating that the current market remains relatively stable. Promotional activity for new energy vehicles remained at a mid-to-high 10.2% in September 2025, an increase of 2.6 percentage points year-on-year and a slight increase of 0.7 percentage points from the previous month. Promotional activity for traditional fuel vehicles reached 23.9% in September 2025, up 1 percentage point from the previous month and 1.9 percentage points year-on-year. The overall wholesale structure of major passenger car manufacturers continued to shift in September, with some mid-segment companies showing signs of gradual growth. Companies such as Geely Auto, Dongfeng Nissan, Xpeng Motors, Xiaomi Motors, and Leapmotor saw strong month-on-month performance. The independent brands of large state-owned groups have achieved strong growth. The independent brands of the five major state-owned groups, including SAIC, Dongfeng, Changan, Chery, and BAIC, increased by a total of 25% year-on-year in September. Among them, the second generation of independent brands of Shenlan, Lantu, Arcfox, and large groups showed strong growth.Nvidia (NVDA.O) CEO Jensen Huang will attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in South Korea.Microsoft (MSFT.O) leaders worry that meeting OpenAIs rapidly growing computing needs could lead to an overbuilding of servers that might not generate an economic return.On October 19th, the U.S. Embassy in Trinidad and Tobago warned American citizens on Saturday to avoid U.S. government facilities located there. The unusual warning comes amid escalating tensions between the United States and Venezuela following a deadly strike against suspected drug traffickers in Caribbean waters. The embassy did not specify the reason for the warning, stating only that "due to the heightened state of alert, please avoid and refrain from traveling to all U.S. government facilities throughout the holiday weekend." The embassy also urged people to "be aware of their surroundings." Monday is Diwali, a Hindu festival widely celebrated in Trinidad and Tobago, where 35% of the countrys 1.4 million people are of Indian descent. Venezuela lies just a few miles from Trinidad. In a coastal community in Trinidad, residents are mourning the disappearance of two fishermen, believed killed in a U.S. strike on Tuesday.On October 19th, two sources familiar with the matter revealed that French luxury group Kering, owner of fashion brands including Gucci, is close to selling its beauty division to LOréal. One of the sources confirmed the transaction is valued at approximately $4 billion, consistent with previous reports. The report stated that through the transaction, LOréal, the worlds largest professional cosmetics and beauty company, will acquire the fragrance brand Creed and gain the rights to develop beauty products for Kerings fashion brands, including Bottega Veneta, Balenciaga, and McQueen. The report also indicated that the transaction could be officially announced next week.

MasterCard To Enter the Crypto World With NFTs After VISA & AmEx

Skylar Shaw

Apr 12, 2022 10:38


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  • MasterCard aims to take a full-throttle approach in the Metaverse, including NFT, educational, and payment services.


  • AmEx, too, recently exposed its virtual world aspirations by submitting trademark applications.


  • Apart from businesses, trademark applications were also made by exchanges such as the NYSE.


MasterCard will cover anything from Metaverse events to NFTs, tech, and other general interests, according to Trademark/Service Mark Applications filed with the United States Patent and Trademark Office.

MasterCard Joins the Metaverse

In addition to financial services, the company will provide entertainment and educational services in the Metaverse, as well as extend its offerings to include additional social, cultural, and community activities.


MasterCard may be seeking to deliver its financial services to people in the virtual world through the Metaverse.


MasterCard has submitted an application to trademark its characteristic yellow and red dots, which will be visible on virtual credit, debit, and payment cards, according to another document.


MasterCard hopes to promote the usage of its cards for transactions in the virtual world by doing so.


For as long as the hype remains, it is commonly known that the Metaverse is primarily undiscovered terrain with monetary worth. However, considering the high-profile brands that have already joined the market, it is possible that it will survive for a long time.


MasterCard might benefit as a prominent financial services provider in a market where LAND parcels may sell for as much as $10,000.


However, the business will tackle NFTs in a way that isn't limited to Metaverse services. "Downloadable music files authenticated by non-fungible tokens (NFTs); downloadable multimedia files comprising artwork, text, audio, and video authenticated by non-fungible tokens (NFTs)," according to the same filing.


The "PRICELESS" branding will be applied to these NFTs, as has been the company's advertising effort since 1997.


Other large public firms and even exchanges are prepared to join the virtual world, and MasterCard is not the only one to do so.

Others Waiting in Line

The New York Stock Exchange (NYSE) quickly filed identical proposals to extend to NFTs and Metaverse, focused on digital currencies and virtual retail outlets.


KFC, Pizza Hut, and Taco Bell, for example, used this strategy to announce their debut into the Metaverse.


At this time, it seems like the Metaverse is being used more as a marketing technique than as an alternative to the actual world by everyone and everyone who can.


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