AB Kuai Dong

I am very glad to meet CZ in Tokyo. This is his return to Japan after 7 years, and during this time, the entire industry has undergone tremendous changes.

At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?

He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.

Restrict areas or try to solve it?

But he reiterated that the trend of RWA cannot be stopped. $BNB

18 years ago, Evergrande sent a representative to the Trump Tower and signed a cooperation memorandum with Trump, hoping to jointly bid for the Guangzhou Zhujiang New Town East Tower project. The bid, however, failed.

At the time, Evergrande only sent its vice chairman, Xia Haijun, to discuss this cooperation. Jia Yeting himself did not go to meet Trump, even though Trump was a businessman.

The end of the real estate era. Evergrande Group’s former chairman, Xu Jiayin, was sentenced to life imprisonment by the Intermediate People’s Court of Shenzhen, with lifelong deprivation of political rights, and his entire personal assets were confiscated; any illegal gains will continue to be pursued.

According to the investigation allegations, for years Evergrande Group—managed by Xu Jiayin—engaged in financial fraud, fundraising fraud, bribery, and other misconduct. It also used the guise of dividends to continuously extract assets from the company for Xu Jiayin personally.

Musk responded to his prediction from 2011, when he believed that the real competitor in the SpaceX rocket industry was not the United States, Europe, or Russia, but China.

Now he adds that in the field of AI, China will also be the most formidable opponent.

Positive news has boosted the rally. Today, the South Korean stock market: SK hynix opened higher and rose to 11.6%.

This means that over the past month, SK hynix has already carried out three rounds of interventions by releasing positive news to influence its own stock price, preventing it from falling—and each time it has been successful.

So miserable—right before the good news about Moderna’s cancer vaccine, JPMorgan analyst Jessica Fye maintained a sell rating on the company with a target price of $40.

And after it opened tonight, it surged to a high of $160. ORTEX estimates that short sellers are facing an accounting loss of about $4.8 billion.

Recently I discovered a pattern: every time SK Hynix drops by 10%, the company puts out a positive news update.

From the CEO Cui Tai-won personally buying shares at the end of July with his own money, to the 100 trillion shareholder return plan— even the news about share buybacks and “burning” the shares has come out as well..

China and the EU, unexpectedly ended up arguing over JD.com.

The reason behind it is that in April this year, JD.com planned to acquire German electronics retail giant Ceconomy. As a result, the EU decided to launch an investigation into the deal, suspecting that JD.com has long been taking subsidies from China, allowing it to offer such a high price to buy a German company, thereby affecting fairness.

But then the EU began demanding large amounts of information from JD.com about related entities within China, involving various sensitive details.

Ultimately, departments including China’s Ministry of Justice and the Ministry of Commerce decided to step in. They said the EU’s approach was too excessive and issued a direct notice requiring that no organizations or individuals may carry out or assist with the EU’s request.

As a result, this acquisition case escalated into a diplomatic and political incident.

Cancer-killing Grail Trial Successful? Earlier, Moderna and Merck & Co. together developed an mRNA cancer vaccine that was customized for each patient based on their tumor characteristics—and it actually worked in a large-scale Phase 3 clinical trial.

After the news was announced, the stock price was still $64.46 yesterday. In pre-market trading, it surged directly up to the intraday high of 130 in one go.

Recently I discovered a pattern: whenever SK Hynix drops by 10%, the company releases a piece of good-news information.

From the big boss Choi Tae-won buying stocks with his own money at the end of July, to the 100-trillion-Plan for shareholder returns, even late in today’s trading there were news reports about the company burning shares by continuing to repurchase them…

A report by the Financial Times says China has begun easing import restrictions on NVIDIA H200. Authorities are seeking a balance between meeting AI industry demand and domestically produced semiconductor supply.

Including ByteDance and Tencent, each has reportedly received about 10,000 NVIDIA H200 processors. Previously, the United States had approved several Chinese companies to buy H200, but the process had long been stalled by China’s import approvals.

This new reusable rocket successfully landed this time, and the most talked-about is its founder, Zhang Changwu.

Before reentry landing and after successful landing—two different states.

Ah, this... Quite a few Baidu Netdisk users woke up one day to find that Baidu had, on their behalf, filed labour remuneration tax for them.

The reason behind it is that a previous feature allowed users to share and gift a membership. As long as a user triggered this sharing action, it would automatically assume they received a membership worth 89.1 yuan, treat it as the user’s income, and submit a tax return.

Now the US stock market is really an all-day casino. In response to the SEC’s new rules, the Nasdaq Stock Market has announced that it will introduce new trading hours for US stocks starting December 6 this year.

From 9:00 PM to 4:00 AM Eastern Time—corresponding to the next day’s 10:00 AM to 5:00 PM Beijing Time.

This also means that starting from the end of the year, the US stock market will be open for 23 hours every weekday.

Many users who previously used Mainland identity to open HSBC Hong Kong accounts have received notifications in recent days, requiring them to sign the undertaking and submit the declaration form by August 20; otherwise, related investment services will be suspended.

The declaration form requires account holders to undertake that all relevant investment activities and settlement funds come solely from legitimate sources outside Mainland China.

Bloomberg analysis believes that China’s chip industry has shifted from the past model of large-scale dependence on government subsidies to a genuine commercial closed-loop. With restrictions on advanced technology in the United States in place, more and more internet giants are increasing their procurement of domestically made chips.

This is accelerating more domestic chip manufacturers to increase their investment in R&D and iteration, causing China’s chip market share and demand to be rising significantly.

Behind the surge in default rates, the WSJ believes that each technology giant—especially the promised AI capital expenditures—are far larger than the figures publicly disclosed for inclusion in the balance sheet.

Just for four companies—Google’s parent company, Amazon, Meta, and Microsoft—their committed investments total about $2.42 trillion, and none of it has been recorded on the balance sheet. Although actual spending right now appears low, there are still a whole lot of already contracted payments that will need to be made sooner or later.

Today a Chinese girl messaged me and said,
“This is the best summer since I became an adult.
This past year, she traded U.S. and Hong Kong stocks and made some money.
After the government banned U.S. and Hong Kong stock trading, she closed her positions and moved the funds back to A-shares.
She then built large positions in semiconductors and optical modules.
Because her position size was so big, she also made a major subscription for Changxin and Unitree.
And after Changxin opened for trading, she kept making incremental purchases and bought all the way through.

Two days ago, she was on a business trip in Beijing.
She looked at the streets and saw nothing but domestically made electric cars that looked like sports cars.
The residential community she likes had its prices fall to levels she could finally afford.
She passed Bytedance, Moonshot AI, Zhipu, and Meituan.
She watched the crowds of people stepping out after adding hours at work.
She said, “It feels like there’s this illusion of a golden age for humankind.””