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Games & Commerce

Musinsa opens 100 stores in five years, visitors up 92 percent

Musinsa said on Nov. 9 it has opened 100 new stores in five years since launching its first outlet in 2021, including 93 in South Korea and seven overseas. It said its 100th store, Musinsa Beauty Seongsu, will open in Seoul on Nov. 11. The company said visitors to 75 domestic stores rose 92 percent from a year earlier, and cumulative visitors have surpassed 100 million.

Industry

Unitree shares surge over 60% since mid-October after JPMorgan upgrade

Shares of China’s Unitree Robotics have risen more than 60% since Oct. 15, lifting its market value to 271.8 billion yuan. The rally reflects investor expectations that AI models used in chatbots will accelerate development of “physical AI” that can control robots in real-world tasks. The move followed comments by founder Wang Xingxing and a JPMorgan upgrade to overweight with a 995-yuan target price.

Crypto

Solana runs large ad in China despite crypto ban, Changpeng Zhao says he is surprised

Solana has put up a brand advertisement on the exterior wall of a high-rise building in central Shanghai and moved to expand its local developer ecosystem. The move comes as cryptocurrency trading and speculation are banned in mainland China, while blockchain research and developer activities continue separately. Solana and the Solana Foundation also publicised a Shanghai office and a builder station launched in March, and said they are avoiding efforts to promote token trading.