Kokomo

@bill_hayton Hmm, he’s not claiming that it’s a JV or joint development. Still too early to conclude. All he’s saying is talks that were once abandoned are now being restarted. Why are you putting words in people’s month as though the outcome has been decided?

When you don’t understand the difference between a ‘joint venture’ between companies and ‘joint development’ between countries…

@sanchezcastejon True definition of a keyboard warrior

The Government of Spain demands the opening of Hormuz and the preservation of all the energy sites of the Middle East. We stand at a global tipping point. Further escalation could trigger a long-term energy crisis for all humanity. The world should not pay the consequences of this war.

@5_0Trading @StaniKulechov How could it move aave price when only 324 aave was bought

@StaniKulechov and it didnt move AAVE price

Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface. Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage, which ultimately resulted in receiving only 324 AAVE in return. The transaction could not be moved forward without the user explicitly accepting the risk through the confirmation checkbox. The CoW Swap routers functioned as intended, and the integration followed standard industry practices. However, while the user was able to proceed with the swap, the final outcome was clearly far from optimal. Events like this do occur in DeFi, but the scale of this transaction was significantly larger than what is typically seen in the space. We sympathize with the user and will try to make a contact with the user and we will return $600K in fees collected from the transaction. The key takeaway is that while DeFi should remain open and permissionless, allowing users to perform transactions freely, there are additional guardrails the industry can build to better protect users. Our team will be investigating ways to improve these safeguards going forward.

@okaythenfuture Who’s to say the same won’t happen to China? The winner is the one who wields the stick but never uses it.

Americans don't really get that its all over. The American military mystique is effectively DEAD. Just like Russia's died in 2022 in Ukraine, America's has died in 2026 on its 250th anniversary in Iran. The first and second island Chain are FINISHED. If Iran can do this much damage to Gulf + Middle Eastern sites, everywhere from Guam to Okinawa is finished. They stand no chance against Chinese Ballistic missiles and drones. Its over, the empire is gone and it died this week. You can make your peace with that, or cope.

@0xkyle__ You couldn’t be more wrong. Manufacturing is a small and declining part of GDP. The moat is practical governance, which creates a trust premium. Ask only what needs to be asked. Creates a hub for all actors - good and bad.

> be singapore > no oil no land no nothing > LKY: "our only resource is our people" > bet the entire country on semiconductors > mfw GDP per capita mogs every country on earth > fast forward 30 years turns out chips were just the prologue > AI is the main arc > GIC apes into Anthropic > Temasek apes into Yann Le Cun > literally played the 50-year long game and won

@dcfgod Just gotta trust the team to continue operating the protocol till 2028. Not too much of an ask, I hope. But history would suggest that many crypto teams give up once the cow has been milked.

Usual got so crushed that everyone stopped looking at it Those are the times when there's often the best opportunities bUSD0 (formally known as USD0++) trades at 96c and is redeemable for $1 in 2028 seems lame as its just 1.8% apr a year to buy it BUT, you can borrow 86c against it at 0% apr with their new Fira product which means you can 12x loop it and get 22% APR fixed for 2 years (assuming you get all your busd at this price)... Just gotta trust the team won't increase the borrow from 0 (personally I do, but others have said thats what holds them back from it) note: dcf cap is in this farm and seeded usual

@AKL_019 Thank for sharing your insights!

@SS13291 5. Overall, I think this situation is different from, for example, $META’s investment in the metaverse, which was a more risky, speculative venture with no clear (generally-agreed) pathway to product-market fit and profitability.

1. What I think stands out about $BABA’s approach to AI is how commercially minded the company has been from the outset in pursuing the breakeven point. They don’t want to be a sucker, with no way to recoup their money back in the future.

@AKL_019 I read from here that Alibaba is subsidising the usage of its models. So maybe they are running a loss making strategy to gain market share - which is fine - but it’s not commercial discipline. Remains to be seen if the profits flow back. x.com/poezhao0605/st…

7. One positive for ByteDance is their access to superior video training data, which cannot easily be replicated by $BABA, although Tencent and Kuaishou also have strong short video businesses. They might be able to monetise a paid subscription offering for creating AI videos.

@pandawatch88 But there is no share price appreciation. Too many # of ListCos in China (vs US) eroding the profit potential of each Chinese company. The capital markets in China is broken.

@SS13291 That too. There is hypercompetition and there is profit.

Everyone after coming back from a trip to China or reading Dan Wang book speak with authority about hypercompetition leading to no profits. Really? Ok let's look at the numbers: (using Koyfin, if this is wrong take it up with them) -US has 3,600 listed companies above usd100m market cap -1,250 (35%) of them have more than 10% EBIT margin -China has 6,400 listed companies above usd100m market cap (yeah, more than US) -1,840 (29%) of them have more than 10% EBIT margin So US 35% vs China 29%. The drama. btw in absolute numbers China has 50% more companies making +10% EBIT margins than US. [enter fake accounting enjoyors next. sure, to pay more taxes]

@BeijingDai Lucky. Hard to see the old gen changing their attitudes. We need 10-20 years for the new gen (much more polite) to take over.

I have been in Hong Kong for 3-4 days and have not encountered any impolite Hong Kong people. This is completely different from my experience in the past few years. Is it because the attitude of Hong Kong people towards mainland Chinese is indeed changing, or am I just lucky?

@johncoogan Chinese aren’t better at pricing. They’re just better at pushing the limits of what an ordinary wage worker would accept for salary. This explains the low consumption issue in China. At some point, this breaks.

@ProfessorWerner China is the opposite of decentralisation. And Chinese wealth is the opposite of equally distributed wealth creation.

That's just not true. The path to abundance is decentralisation and local wealth creation. We can get that by creating thousands of community banks. That's how China, Japan, Germany, the US, even England in the 18th century did it.

@biancoresearch He should nominate himself then. Who says the president can’t be the Fed chair

This is why it is taking Trump months to pick a Fed Chair. He doesn't trust them to cut the funds rate to 1%. And why he may start looking elsewhere.

@RnaudBertrand Not all countries have the geography that enables to PHS. Batteries are a way to democratize storage regardless of geographical constraints.

The ignorance and gaslighting of these people is genuinely astounding. You DON'T need batteries to store renewable energies. BY FAR the most mature and widely deployed form of grid-scale energy storage is to lift water to a high spot with the renewable energy, and when you want to get the energy back, you let it fall with gravity to move a turbine (similar to the way a dam works). It's called pumped hydro storage (PHS), it accounts for over 94% of all long-duration grid storage capacity globally (hydropower.org/factsheets/pum…), and it's extremely efficient (80% round-trip efficiency: atb.nrel.gov/electricity/20…). The notion that because you don't make a battery you are somehow subservient to China to store renewable energy is simply complete and utter hogwash.

@GraphCall JD is the one that retained the least market share post-war. I’m not sure how they “can”. They are probably the ones that burnt the most money and achieved the least.

$BABA, $JD , Meituan The antitrust regulator is launching a probe for excessive competition in fast retail. The Whole sector is jumping on the news, BABA and Meituan the most. JD is jumping the least on the news because JD launched the involution war. Why? Because they can and their plan was to kill Meituan. Both Meituan and BABA welcomed the news and said they would cooperate with the regulator. But JD did not. reuters.com/world/asia-pac…

@DeItaone Who? Jesus?

TRUMP: APPRECIATED HIS CALL AND TONE, AND LOOK FORWARD TO MEETING HIM IN NEAR FUTURE

@TheLongInvest Great powers steal other people's stuff and act like nothing happen

Somebody may want to sit down with Vance and explain what the US did in Iraq between 2003-2011. 'I understand the anxiety over the use of military force, but are we just supposed to allow a communist to steal our stuff in our hemisphere and do nothing? Great powers don't act like that.'

@pandawatch88 Baidu considering spinoff of chip biz. Hoarder sounds a bit harsh.

If WeRide (chinese autonomous driving co) manages to get their IPO done and it trades ok, Baidu should use the momentum to spinoff Apollo. Unfortunately they won't because Robin is a hoarder with a strong track record of zero regard to shareholder returns and capital allocation.

@weary_centurion While I agree JD is cheap, it’s not that cheap. JD is a retailer, not a tech platform (think Walmart/Costco). Valuations reflect that. Retailers require significant working capital. High net cash with high payables reflect that. It’s also engaged in a cash burn orgy.

$JD is currently priced at 0.25x price to sales and is back at 2014 prices 30%+ of its market cap is net cash 60%+ of its market cap is total cash Debt to equity yield is a healthy 25% Dividend is very sustainable with only a 33% payout ratio (plenty of flexibility for compounding) It has an 11 year support line at $20 which to me indicates the ultimate downside which is around -30% from here The ultimate upside, could be as much as 5x if there is a re-rating and signs of improvement with profitability A decent amount of this upside could be realised faster than people think due to the technicals It is offering a 3.5% dividend at current prices The current buyback yield is around 4% Meaning a 7.5% shareholder yield before any earnings expansion is factored in This is also a hedge against the US Next year is midterm elections, a historically volatile year and setting up to be a painful one after the euphoria experienced since 2023 Chinese stocks could be set to outperform and $JD is at the top of my list to be one of the biggest beneficiaries It is not a perfect company, far from it But it is disgustingly cheap And dirt cheap stocks can run fast, especially when they’ve been pinned in a range for a significant period of time To clear ATHs at $94 is a 3x and I don’t think it would be stopping there in a bullish scenario Nothing is guaranteed, but I prefer to position into names that are unloved and underestimated The technicals are some of the best that can be found in the market right now and the fundamentals support a higher valuation When fundamentals and technicals align, that’s when surprising things can happen See $BABA and $BIDU which were both hated below $100 and have become very popular now I prefer to get in before the popularity arrives because by then, the easiest money has been made Not financial advice