Business Blog

Investor alert by American logistic expert reports from China video: Chinese AI is booming in global markets, and Huawei’s chips on a system basis beat Nvidia’s, DeepSeek is 17x less expensive than US based AI models 美國物流專家從中國用視訊向投資者發出警告：中國人工智慧在全球市場蓬勃發展，華為的系統晶片超越了英偉達，DeepSeek 的價格比美國人工智慧模式便宜 17 倍

https://youtu.be/nx5EXfnoh2M?si=gMdJPhXdfDEGQBPC
https://www.tiktok.com/t/ZP8kMhDyF/

DeepSeek and Qwen are rapidly gaining market share across the world. Their performance is roughly at parity with models from top US companies, at a fraction of the price. But even large companies and government agencies are opting for Chinese AI systems, over models from US companies.

As tens of millions of enterprise users adopt Chinese LLM’s, the less power American companies will have in establishing global standards and protocols.

But this race is also one of semiconductors. Huawei’s networked chips perform far better running Artificial Intelligence systems, compared to systems that use Nvidia chips.

Nvidia’s stock price, however, reflects high investor confidence that Nvidia’s competitive advantages over other chipmakers are large, and durable, and further that it will be American LLM’s that will win the race for global AI supremacy. That thesis is now questionable.

If US treasury crashes, so will stablecoins. It will make 2008 subprime mortgage that let to world financial crisis a child play. US is getting desperate for its US$ hegemony now risking everything to save itself 如果美國國債崩潰，穩定幣也會如此。這將使2008年導致世界金融危機的次貸危機如同兒戲。美國正渴望美元霸權，現在不惜一切代價自救, 其未日將至.

Potential impact of US Treasury clashes on stablecoins

The relationship between the US Treasury market and stablecoins is evolving and could be significantly impacted by potential clashes or instability within the Treasury market.
Here’s how a US Treasury clash could affect stablecoins:

1. Reduced confidence and potential de-pegging
   • Stablecoins, especially those backed by US Treasuries, derive their stability and value from the perceived safety and reliability of those assets.
   • A clash or uncertainty in the Treasury market could undermine confidence in these assets, leading users to question the stability of the stablecoins and potentially triggering a rush to redeem them.
   • If a stablecoin issuer is unable to meet redemption demands due to illiquid Treasury reserves or widespread panic, the stablecoin could lose its peg to the underlying fiat currency (e.g., the US dollar), causing its value to fluctuate dramatically.
2. Liquidity challenges for stablecoin issuers
   • Stablecoin issuers rely on being able to readily access and liquidate their Treasury reserves to honor redemption requests.
   • Disruptions or heightened volatility in the Treasury market could hinder an issuer’s ability to convert their Treasury holdings into cash, creating liquidity challenges and potentially delays in redemption processing.
3. Broader financial market impacts
   • A large-scale redemption scenario in the stablecoin market could force issuers to sell off significant amounts of Treasuries, potentially impacting Treasury prices and disrupting fixed-income markets.
   • According to Cristiano Ventricelli, Vice President and Senior Analyst of digital assets at Moody’s Ratings, problems in the stablecoin sector could spill over into broader financial markets, affecting institutions holding similar assets or those reliant on stablecoin liquidity.
   • This creates a potential “doom loop” where crises in one market can rapidly trigger crises in the other due to their interconnectedness, according to Medium (https://medium.com/@pareto_investor/genius-act-debt-war-crypto-f06a3f785db1).
4. Operational and reputational risks
   • Stablecoin issuers rely heavily on the reputation and stability of US Treasuries to maintain user trust.
   • A Treasury clash or threat of default could damage that reputation, forcing issuers to implement increased transparency measures and communication strategies to reassure users.
   In essence, while the growing ties between the stablecoin market and the US Treasury market present opportunities for both to mutually benefit through increased demand for Treasuries and enhanced dollar liquidity, they also amplify the potential for risks to spill over from one market to the other in times of instability. Therefore, maintaining a healthy and stable Treasury market is crucial for the continued success and growth of stablecoins and, conversely, sound risk management and regulatory clarity within the stablecoin market are vital to protect against potential spillover effects to the broader financial system.

Johnson Choi: HK’s problems. It is no different in US. It is actually worst in US. Old and established businesses do not adopt to the changing world will not survive. Today the key words are change, adapt and AI. 7-27-25 蔡永強: 香港問題，美國也不例外。事實上，美國的情況最糟糕. 老牌企業如果不適應不斷變化的世界，就無法生存。如今的關鍵字是改變、適應和人工智慧.

The same applies to our career and the future of our children. Our next generation is a lot more challenging to survive in the ever changing world. The future is not and definitely not in US, Canada, EU and UK. Our children future is in Asia, ASEAN, Africa and Global South. Our children better learn Chinese otherwise they will forever be in competitive disadvantage like some of my friends with children between 22-26 are founding out that their children are shut out of good jobs in Asia for lack of Chinese language skill. The days that a western degree meant privilege for job seekers in Asia is gone. The days that a scientist and technology degree is western universities mean better prepared for the new scientific world is fast disappearing. You are paying an overpriced degree with absolutely no advantage to help you advance on your career path unless you are so rich that you have money to burn.

《A Wave of Goodbyes》
Source : Timeout , Jun 25, 2025
Photo : Bento shop in Causeway Bay HKG

Hong Kong’s dining, shopping, and entertainment scene is the heartbeat of the city, but 2025 has been a rough one, with a slew of closures leaving us nostalgic. From iconic local bakery chains (大班餅店 Tai Pan Bakery) to beloved eateries （海皇粥店 King of Ocean Porridge) (鴻星酒家 Red Star Chinese Restaurant） and even decades-old cinemas (嘉禾電影院 Golden Harvest Cinemas） , we’ve lost some gems. Sky-high rents, a shaky economy, and locals heading to Shenzhen for weekend fun are hitting hard. Keep scrolling as we round up some of the venues that have shut down this year.

Video: Two songs by special guest of tonight’s celebrity banquet in San Francisco, California is Hong Kong singer Yu Tianlong, whose cousin is Chen Songling 今晚加州三藩市明星宴會特別嘉賓是香港歌星于天龍唱了二首歌, 他表姊是陳松伶 7-26-2025
https://rumble.com/v6wqm6k-hong-kong-singer-yu-tianlong.html
https://rumble.com/v6wqme4-hong-kong-singer-yu-tianlong-song-2.html

Johnson Choi 7-26-25 English Video: Taiwan DPP attempt to recall all KMT legislators has completely failed. Japan has kneeled to blackmail & extortion by US. No one is clean behind the Epstein list. 蔡永強英語視頻: 台灣民進黨要罷免全部國民黨立委完全失敗, 日本在美國的威脅和勒索面前屈服，愛潑-斯坦名單背後，誰都不乾淨.
https://youtu.be/ilSHfe_pC5k?si=3bgulTOluyAG-1QS

https://www.tiktok.com/t/ZP8kN8Qw7/

Video: The fig leaf of the two parties in the US has been completely torn off! No one is clean behind the Epstein list! 美國兩黨的遮羞布，徹底撕下！愛潑-斯坦名單背後，誰都不乾淨!
https://youtu.be/_O_QXDzNn5g?si=YniE8DdGIMe7_8bC

Video: Today, Chinese representative Geng Shuang scolded the United States at the United Nations. Such a fierce confrontation is very rare. Please enjoy the four-minute live broadcast 今天中國代表耿爽在聯合國痛罵美國，這麼激烈的交鋒非常少見，請大家欣賞現場四分鐘
https://youtu.be/Z7TzdDAlImM?si=E7LRMiRRBk6UUfG-
https://www.tiktok.com/t/ZP8kLxdM4/

US & EU can’t be trusted. Nury Vittachi: Serbia yesterday revealed itself to be most nervous among many countries rushing to remove gold bullion holdings from the west. 美國和歐盟不值得信任. 塞爾維亞昨天表示，在眾多急於從西方撤走金條的國家中，塞爾維亞最為緊張

It is set to become the first country in Eastern Europe to repatriate its entire gold reserve, according to a Bloomberg report.

The Eastern European nation is following in the footsteps of numerous other countries that have repatriated some or most of their gold reserves, formerly stored in the United States or Western Europe.

Countries which have already taken their gold home include Poland, India, Turkey, Slovakia, Hungary, and Romania—all nations which no longer trust the west.

Even some countries IN the west are doing the same, with the Netherlands and Germany pulling their gold out of bullion storage units in New York and or London to store them “at home”.

WIDELY MISTRUSTED
The west has become widely mistrusted for weaponizing the global financial system and other international systems to its own advantage—and ignoring censure for its crimes.

• The west froze Russian assets and then stole the interest to spend on weapons, against the advice of many of its own economists and advisors.
• The west weaponized SWIFT, forcing the rest of the world to look to develop an alternative system.
• The west weaponized GPS, inspiring China to create an alternative, BeiDou, which is as good or better.
• The west weaponized the US dollar, sending the BRICS nations on a mission to gradually reset the system so multiple currencies can be used.
• The west used NED and similar bodies to interfere in polls in Eastern European countries and then pushed narratives about “Russian meddling”.
• Western governments are regularly releasing statements lamenting the violence in Gaza and Ukraine—while working to ensure the conflicts continue.

NO SURPRISE
It is thus no surprise that the west, home to only about 13% of the world’s population, is no longer trusted by many in the other 87% of humanity.

Economists in the west repeatedly warned that actions such as spending stolen Russian interest cash or weaponizing SWIFT would lead to global loss of trust. They were ignored, but their calls for caution have proved prescient.

This is not negotiation! One Japanese representative surrounded by the Mafia forced to give US$550 billion to the Mafia! If loss money, too bad, if make money, the Mafia get 90% profits & Japan gets 10%. 這根本就不是談判！日本代表被黑幫包圍，被迫交出5,500億美元給黑幫！虧了就虧，賺了90%給黑幫，日本拿10%

NYT: The Starvation Spreading in Gaza descending into anarchy 《紐約時報》：飢荒蔓延加沙，陷入無政府狀態