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Zibuyu to Avail E-Commerce, Ad Services From Chairman-Linked Firm for 7 Million Yuan

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Zibuyu Group (HKG:2420) said it will pay chairman-controlled firm Hangzhou Shuzhi nearly seven million yuan in total for development of a digital e-commerce ecosystem and for availing Amazon's demand-side platform advertising services, according to a Thursday filing with the bourse.

The company said it entered into two contracts with Hangzhou Shuzhi for the services, each valued at 3.8 million yuan and 3 million yuan, respectively.

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Asia

China, US Reach New Agreement, Agree to Extend Trade Truce Through January 2027

China and the U.S. reached a new joint arrangement following a fresh round of consultations between their trade teams, according to a readout by the Chinese Foreign Ministry released Friday.The arrangement comes after both countries agreed to extend their trade truce for another two months through January 10, 2027, Treasury Secretary Scott Bessent said in an interview on Fox News Thursday, a day after Chinese President Xi Jinping arrived in Washington.The original deal was supposed to expire Nov. 10, and the extension would give time for both countries to work on a bigger deal, Bessent said.Both Beijing and Washington could ensure a more stable trade relationship if they expand the list of areas for cooperation and shorten their list of issues, the ministry said.

Shanghai Composite^SZSE
Asia

Electro Optic Systems Lists Remote Weapon System on US Counter-Drone Marketplace; Shares Gain 6%

Electro Optic Systems Holdings (ASX:EOS) said its EOS R400 remote weapon system is now listed on a US Joint Interagency Task Force marketplace that facilitates the procurement of counter-drone technologies by eligible US government customers, according to a Thursday statement.Operating as an independent e-commerce platform, the Counter-UAS Marketplace allows customers to review performance data and compare available systems before placing orders.The company said 23 countries are currently cleared for participation in the marketplace, with access expanding to participating allied nations by the end of September.Electro Optic Systems shares rose 6% in recent Friday trade.

ASX:EOS
Asia

Geo Holdings Gets Approval for Nagoya Bourse Listing

Geo Holdings (TYO:2681) has obtained approval to list shares on the Premier Market of the Nagoya Stock Exchange starting Oct. 1, according to a Tokyo bourse filing on Thursday.The media rental shop operator's shares will be dually listed on both the Prime Market of the Tokyo Stock Exchange and the Nagoya Stock Exchange.

TYO:2681