millionaire

A few months ago the consensus was clear: China consumer stocks are uninvestable. Macro headwinds, regulatory risk, weak domestic spending. The playbook said stay away.  PDD just reported 11% revenue growth and 22% operating profit growth in that same environment. And for the first time in its history, transaction service revenue crossed above advertising revenue. That's not noise. That's a structural shift in how the business generates money — the take rate on actual commerce is compounding faster than ad monetization. The unit economics are improving even as headline growth moderates.  This isn't a call to ignore China risk. It's a reminder that when everyone agrees something is obvious, checking the actual reported numbers is still worth doing. Narratives move fast. Business models compound quietly.

newbie q, does market cap even mean much when only 4% of shares actually trade? feels like the price is set by a thin slice of float 🙏

Apple Just Confirmed What the Memory Charts Already Knew

just gonna hold my TSLA and touch grass. the daily moves mean nothing until deliveries come out 🫳

COST executive membership: 41.2M members, up 9.6% YoY. These people pay more, buy more, renew more. Membership fee income USD 1.37B from them alone. It's a recurring revenue model dressed up as a warehouse retailer, and Wall Street keeps underrating it 🏦

Nokia has been the sleeper AI play, up 127% this year on optical networking demand. small pullback today after a huge run, still like the story 📈

a 3% day to a record is huge for an index. peace deal plus AI momentum, hard to fight this tape 💪

Dow at ATH while semis dump is giving me whiplash lol. MRVL going from hero to zero in one session, classic market behavior 🫠

For years the story of Hong Kong tech was the one about the boom it missed. While US indices rode Nvidia and the AI wave to records, the Hang Seng Tech gauge sat full of yesterday's internet giants and underperformed. Today that story changes a little. By adding Zhipu and MiniMax, two of China's most-watched AI startups, the index is finally letting its own AI champions in. The money that follows, over a billion dollars of passive flows, is almost mechanical. The harder question is the one every market eventually asks: are we buying real businesses, or just buying the story before the profits arrive? For Hong Kong, even getting to ask that question feels like progress.

Meituan Q1: revenue RMB 91B plus 5.6% beat at the top line, but core Local Commerce swung to operating loss of RMB 2B while marketing jumped 51%. New Initiatives up 23% is fine. The problem is when your cash cow segment loses money at the same time you are burning on new bets. Unit economics get complicated fast.

AEM Holdings Is Up 6x This Year. Do the Numbers Justify It?

anyone know what % of the SGD 28B pipeline is offshore wind vs O&G? trying to figure out if this is a pure energy recovery play or an energy transition play too 🙋

Wilmar F34 today: positive JV news in West Africa (S$15.26B TAM, 50:50 with TGI, closes end-2026). Negative overhang: Indonesia investigation and Supreme Court fine still active. The stock has two very different narratives running in parallel right now. Which one wins determines where F34 goes next.

AI optical module market: $26B in 2026 (+57% YoY). EML laser supply fully booked. Goldman Sachs raised 800G demand to 33.5M units (+58% revision). COHR book-to-bill above 4:1. Supply constrained, demand compounding. The math is not complicated. 📊