➀ Ubisoft is spinning off its most valuable IPs, Assassin's Creed, Far Cry, and Rainbow Six, into a new subsidiary; ➁ Tencent will acquire a 25% stake in the new company; ➂ The move aims to boost the franchises' global status and accelerate internal changes.

1. Ballard Power Systems announced a major corporate restructuring to conserve capital due to delayed fuel cell adoption; 2. The company aims to save operating expenses by over 30%, translating to approximately $50 million annually; 3. The restructuring measures are expected to extend the company's cash runway into the next decade, but industry prospects remain bleak.

1. Joycity has decided to absorb its wholly-owned subsidiary, Mojito Games, through a shareholder-neutral merger; 2. The merger is set to take place on September 20th and is aimed at improving operational efficiency; 3. Post-merger, Joycity's revenue is expected to remain unchanged, with a slight increase in debt, indicating minimal impact on operations, finance, and sales.