Patient Capital Becomes a New Trend, Chinese Government Investment Funds Usher in New Opportunities for High-Quality Development

 OpenAI CEO in the midst of a family controversy: sister sues for sexual assault, family jointly denies allegations"

Recently, OpenAI CEO Sam Altman was sued by his sister, Ann Altman. She claimed that he sexually assaulted her multiple times between 1997 and 2006. She said that the assaults began when she was just 3 years old and caused her to suffer from long-term psychological problems, such as PTSD and depression. This is the first time Annie has taken such allegations to court. The Altman family quickly issued a joint statement denying all of the allegations. They called the claims "completely untrue" and noted that Anne has been facing serious mental health issues for years. They've been offering financial support and medical help, but Annie has refused to go through with it.

Haidilao's move into the Xiaomi Science and Technology Park is a win for the employees of the park, who have long dreamed of a hotpot restaurant.The first Beijing store of Haidilao Corporate Hotpot opened on January 2, 2025, on a trial basis in the park, offering a brand new dining experience to tens of thousands of employees. This is the eighth store for Haidilao Corporate Hot Pot, and it's a big part of their "Red Pomegranate Plan" to offer more options. We've designed these stores to meet the needs of enterprises, not only to provide high enclosure rooms, flexible tables, and other special services, but also to offer millet employees an exclusive 12% discount. We know how much our millet employees love to eat, and we're so happy to make their dreams come true with this new underwater dining experience. The first day of trial operation was a huge success! The delicious hot pot and signature show had employees raving, and the scene was once as hot as a fire.

Patient Capital is the new hot thing, and Chinese government investment funds are creating lots of new opportunities for high-quality development.The General Office of the State Council of the People's Republic of China has recently issued the "Guiding Opinions on Promoting the High-Quality Development of Government Investment Funds," emphasizing the importance of "patient capital" and aiming to promote the scientific management and efficient operation of government investment funds. The guidance suggests 25 specific steps, with a focus on nurturing long-term capital and cross-cycle regulation, and encouraging different types of social capital to support scientific and technological innovation and industrial development. Experts have shared that patient capital not only focuses on long-term returns, but it's also great at managing risk, making it a perfect fit for supporting the growth of small businesses and innovative projects.

Musk endorses Greenland joining US, Trump's son's visit sparks fervor

 Tesla is about to launch Grok, its new AI voice assistant, and it's going to make driving a whole lot more fun!In the latest news, Tesla CEO Elon Musk has announced that all future Tesla cars will support its newest AI assistant, Grok. Grok is a super smart language model developed by Musk's company, xAI, that can understand and respond to your questions and commands in a way that feels just like talking to a real person. You'll be able to chat with Grok in the car, asking questions or requesting features. This is going to make driving so much more fun!They're also working on Grok 3, which is a big step forward in AI technology. It's got ten times the computing power of the previous version and is in the final stages of development.

But here's the big question: can the EU stop Musk from getting too involved in European politics?

Recently, Tesla and SpaceX CEO Elon Musk has been in the news a lot. He is supporting the far-right party Alternative for Germany (AfD) in Germany's upcoming elections, which has many people talking. Musk is scheduled to speak live with the party's leader, Alice Weidel, ahead of the Feb. 23 election, an act that some are calling interference in the election. The European Commission is getting a lot of pressure from national leaders to think about whether to take legal action because of Musk's possible use of his social media platform X (formerly Twitter) to manipulate the spread of information. While EU law allows for live streaming, the Commission is carefully watching to see if there's a chance that Musk's actions might influence civic discourse and the electoral process.

Musk endorses Greenland joining US, Trump's son's visit sparks fervor

As Trump once again expressed interest in Greenland's incorporation into the United States, billionaire Elon Musk has also publicly supported the idea. He said on social media that the people of Greenland would be "very welcome" if they wanted to be part of the United States. These comments came just after Trump's son, Donald Trump Jr., visited Greenland on a short, private trip to shoot some video content. Trump has said many times how important it is for the U.S. to have Greenland because it's good for national security. But Greenland's prime minister has made it clear that the island "is not for sale" and emphasized its autonomy.

This rejection of the proposed merger between the U.S. and Canada sparked a playful jab from Musk.On a different note, Canadian Prime Minister Justin Trudeau recently shared his thoughts on the idea of a merger between the U.S. and Canada, saying, "The likelihood of a merger between Canada and the U.S. is slim to none." "There is no snowball's chance in hell," Trudeau said on social media. He made it clear that trade and security cooperation between Canada and the U.S. is really important for both countries. Trump, for his part, reiterated his view at the press conference that the merger would enhance national security and hinted at a possible 25 percent tariff on Canadian goods to apply economic pressure. In response, Trudeau's comments prompted a playful jab from Tesla CEO Elon Musk, who replied on social media, saying, "Hey, you're not the Prime Minister of Canada anymore, so your words don't have as much weight."

We're delighted to let you know that Honey Snow Ice City has received approval from the SFC! They're planning to issue 73.05 million H shares in Hong Kong.

 We're delighted to let you know that Honey Snow Ice City has received approval from the SFC! They're planning to issue 73.05 million H shares in Hong Kong.

We're thrilled to share the news that Honey Snow Ice City has received approval from the China Securities Regulatory Commission for its plan to list in Hong Kong and issue up to 73.05 million H shares. In addition, 12 shareholders will convert approximately 131 million domestic unlisted shares into H shares for circulation. This move is a big step for Honey Snow Ice City in the capital market and is expected to provide a lot of financial support for its future growth. As the largest tea drink chain brand in China, as of September 2024, Honey Snow Ice City has over 44,000 stores at home and abroad.

Tencent recently repurchased 3.93 million shares for HK$1.5 billion in a major buyback, the largest since 2006!

Tencent Holdings announced on January 7, 2025, that it successfully repurchased 3.93 million Hong Kong-listed shares at a cost of approximately HK$1.501 billion. This is one of the largest repurchases since 2006! This move comes after Tencent was blacklisted in the United States, and it shows that the company has a lot of confidence in its value. The shares were bought back at a price between HK$376.8 and HK$392.4, which is sure to get the market's attention. It's also worth mentioning that Tencent has completed a buyback program of over HK$112 billion in 2024, with a cumulative total of 307 million shares repurchased. This demonstrates Tencent's determination to continue enhancing shareholder returns, which is great news for everyone involved!

Whatnot Successfully Raises $265 Million in Funding, Valuation Approaching $5 Billion, Live Streaming Shopping Market Gets Hot Again

 Amazon is investing a whopping $11 billion in Georgia to grow its cloud and AI infrastructure.Amazon Web Services (AWS) recently shared the exciting news that it's going to invest at least $11 billion in Georgia. This investment is all about expanding its data center infrastructure to support the growth of cloud computing and artificial intelligence technologies. We're thrilled to share that this investment is expected to create approximately 550 high-paying jobs, further cementing Georgia's position as a popular region for data centers. According to the report, data center construction in the Atlanta market is set to grow 76% year-over-year by 2024, attracting aggressive investment from tech giants like Google and Microsoft.
Whatnot recently raised a whopping $265 million in funding, bringing its valuation to an impressive $5 billion. The live-streaming shopping market is on fire again!Whatnot, a live-streaming shopping platform, recently announced the completion of a round of funding of $265 million at a valuation of $4.97 billion. The round, co-led by investment firms Avra, DST Global and Greycroft, shows how confident investors are in Whatnot's ability to bring new ideas to the collectibles and niche goods space.Whatnot plans to use the new funding to expand its product categories, including art, golf and vinyl, and to launch new tools to help sellers manage inventory and orders. They're also planning to enter the Australian market next month and expand to the rest of Europe later this year.

It looks like Bluesky is about to close its funding, which is great news!

 It looks like Bluesky is about to close its funding, which is great news! 

Their valuation has soared to $700 million, and they've managed to attract the attention of Bain Capital Ventures.The social media platform is in the final stages of funding discussions with Bain Capital Ventures. If everything goes as planned, they'll be raising money to bring their valuation to around $700 million. If everything goes as planned, this new round of funding will follow the $15 million Series A round that closed in October 2024 and the $8 million seed round that closed in 2023. Since Donald Trump was elected, the number of people using Bluesky has increased a lot, from a few million in 2023 to 25.9 million in 2024. This shows that it's becoming a strong competitor to X (formerly Twitter).Bluesky is dedicated to providing a decentralized social networking experience and plans to make it even more appealing in the future by adding new features and services.

Trump announced that the UAE's very own billionaire, Hussein Sajwani, who is the Chairman of DAMAC Properties, is going to be investing $20 billion in the U.S. to build new data centers. Trump said the investment will focus on Midwestern and Sunbelt states such as Texas, Arizona, and Oklahoma, and is aimed at boosting artificial intelligence and cloud computing technology. Sajwani said in the release that he's thrilled about Trump's election and is excited to continue working with other businesses under Trump's leadership.

Addepar is looking forward to raising $250 million at a record valuation of $3.25 billion!

Addepar, a financial technology company, recently shared the exciting news that it's in talks with investors to raise $250 million in funding, which would value the company at an incredible $3.25 billion. This is a big jump from the 2021 level of over $2 billion, showing its amazing growth in the wealth management and investment software space.Addepar currently works with more than 1,200 institutions, including well-known banks like Morgan Stanley, Jefferies, and HSBC. Even better, Joe Lonsdale, the co-founder of Addepar, pitched in with his venture capital firm, 8VC, and existing investors like Valor Equity Partners and WestCap are still on board.

AMD is putting its heart and soul into helping Absci develop new AI technology for healthcare!

 AMD is putting its heart and soul into helping Absci develop new AI technology for healthcare!

AMD, a U.S. semiconductor giant, is investing $20 million in Absci, a drug discovery company. They're teaming up to bring AMD's advanced AI chips to the healthcare industry. This investment, made using a private equity approach, marks AMD's first step into the life sciences sector. AMD plans to optimize Absci's AI drug discovery efforts by providing high-performance Instinct gas pedals and ROCm software.Absci, which currently uses more than 470 AI chips, mostly from its competitor Nvidia, will gradually start using AMD's. Sean McLean, Absci's founder and CEO, said the partnership will significantly enhance Absci's biological modeling capabilities and accelerate the development of antibody therapeutics.

Movement Labs is about to close a $100 million funding round at a valuation of $3 billion, which is fantastic news for the company and for the new era of Ether scaling.Movement Labs, a team focused on the development of the Layer-2 blockchain for Ether, recently announced the exciting news that it is about to close a $100 million Series B funding round at a valuation of $3 billion. This exciting round, co-led by CoinFund and Brevan Howard's Nova Fund, is expected to close by the end of January. This funding will provide Movement Labs with the financial support it needs to continue growing. This will follow the company's very successful $38 million Series A round raised in April 2024.

TikTok sister app Lemon8 aggressively promotes and encourages users to migrate in response to ban threat

 TikTok sister app Lemon8 aggressively promotes and encourages users to migrate in response to ban threat

With TikTok facing a potential ban, its sister app Lemon8 has begun sponsoring posts on TikTok to encourage users in the U.S. to migrate to Lemon8.Lemon8's integration with TikTok allows users to sign in directly with their TikTok account, making it easy to share content across platforms.Lemon8 is a lifestyle app that combines the features of Instagram and Pinterest features in a lifestyle app that focuses on visual storytelling and community interaction. Since its launch, the app has been downloaded 6.4 million times in the U.S. market, demonstrating its growth potential.

“Shark Tank” investor teams up with former Dodgers owner in bid to buy TikTok to avoid injunction

Renowned investor Kevin O'Leary is teaming up with former Los Angeles Dodgers owner Frank McCourt in a last-ditch effort to plan a buyout of TikTok's U.S. operations in anticipation of a nationwide ban that is set to take effect. O'Leary said in an interview that their goal is to create a U.S. platform that is focused on user privacy and securing the data of about 170 million U.S. users. He emphasized that this acquisition is not only about TikTok's operations, but also about empowering content creators and small businesses. Given the national security concerns facing TikTok and the background of its parent company, ByteDance, O'Leary believes that gaining the support of the Trump administration will be crucial to the deal.

Kai-Fu Lee denies Zero One Thing's acquisition by Ali, announces joint lab for industrial big models

Zero One Thing has recently made staffing changes and reorganized its business, a move that founder Kai-Fu Lee said was made to adapt to market changes. The company reached a strategic cooperation with AliCloud, the establishment of “industry big model joint laboratory”, focusing on the development of small parameter industry model. Although there are rumors that AliCloud plans to acquire the pre-training team of ZeroOneWonder, Kai-Fu Li explicitly denied this, saying that the relevant news is “completely wrong”. He also disclosed that the revenue of Zero One Everything has exceeded 100 million yuan in 2024, and is expected to double in 2025.