financialbasecamp

[financialbasecamp @financialbase8]

@Altimor wow amazing! That's huge savings! Just like Airbnb picking Qwen over ChatGPT. Good, fast and affordable.

[financialbasecamp @financialbase8]

@victor_privin You missed out on one big risk. How much % of SG, HK, AU, NZ and US new users are actually mainlanders who registered via illegal methods like fake address etc though they are still in China since 2023. This is still under investigation so I suggest wait for dust to settle first.

[financialbasecamp @financialbase8]

@asklivermore I guess the contrarian buys include $BABA which I know you are already in.

[financialbasecamp @financialbase8]

@the_analyst_24 Yes that is the mainlanders who registered in China in the past. Over the years since 2023, there are many mainlanders who got accounts in HK/SG via illegal methods. They are currently still checking and cracking down so it could be more than 10%. Just wait for dust to settle.

[financialbasecamp @financialbase8]

@EdwinJr888 @0xDamien Yeah it really depends on one's risk appetite especially in today's environment and seemingly overextended rally in certain markets.

[financialbasecamp @financialbase8]

@EdwinJr888 @0xDamien haha it seems China is letting baba grow by allowing it to do deals with countries and meeting their prime minister?

[financialbasecamp @financialbase8]

@EdwinJr888 @0xDamien Hmm I am investing in american companies too. I guess I look for value and currently some of the hottest AI companies in US are not the best value for money at this premium price, at least it has already risen too quickly.

[steve hsu @hsu_steve]

Gemini on Qwen 3.7 Max. Starting to feel the RSI?

The 35-Hour Chip Kernel Experiment

During its release, Alibaba showcased a stress test that went viral in Chinese engineering circles. The model was placed inside a sandboxed workspace linked to a new, undocumented hardware platform (the T-Head XuanWu M890 AI Chip) with zero prompt guidance or manual intervention.

Over 35 continuous hours, Qwen3.7-Max executed 1,158 tool calls and 432 self-evaluations. It wrote, compiled, profile-tested, and repeatedly rewrote a production-grade SGLang Triton attention kernel. The resulting custom kernel achieved a 10x speedup over the official reference code. Engineers on forums noted that its ability to identify optimization bottlenecks after 30 hours of continuous operations represents "true industrial-grade autonomous engineering" rather than standard code completion.

Investor note: Alibaba (maker of Qwen) is one of the leading e-commerce and tech companies in China, is highly profitable, and yet has a market cap of ~1/3 of OAI and Anthropic!!!

[financialbasecamp @financialbase8]

@kristinnsms Sure, it matters. What I am saying this high capex on AI and cloud won't be forever and it will eventually translate to another revenue cash cow like what their current e-commerce business is doing. Investor is carefully positioning themselves and thinking long term.

[financialbasecamp @financialbase8]

@kristinnsms You do you. Fundamentals don't matter as much these days tbh as long as investors are seeing the potential like many US tech with high PE such as Intel etc. For me, I am invested long term and at this price with such potential, it's still cheap even with china risk discount.

[financialbasecamp @financialbase8]

@0xDamien stick to pokemon cards bro, chyna not letting baba grow

[financialbasecamp @financialbase8]

@0xDamien Yeah and that is not including their non AI or cloud business that is still a huge cash cow now.

[Brendan Ahern @ahern_brendan]

I agree @pandawatch88. You don't smuggle your money out of China to buy China ADRs when you can buy them in HK! I would guess their positions are all US tech IMO.

[financialbasecamp @financialbase8]

@Mr_Derivatives just got to wait for the rotation to China. It's just a matter of time and we likely to see the repeat of 2021 rapid rise.

[financialbasecamp @financialbase8]

I see positives in this. Too many mainlanders are probably buying US stocks through these brokers. I doubt they were buying US ADRs since they do have stock connect. Funds likely flowing back to HK/CN markets by buying their own AI related companies $BABA

[financialbasecamp @financialbase8]

$TIGR Now we finally know why this stock has been going down from $12 over the past few months. Okay now that the regulatory overhang is lifted, it is likely to resume it's upward movement soon. The fine is low and they have 2 years to rectify the mainlander accounts.

[financialbasecamp @financialbase8]

@GabGrowth I doubt anyone is going anywhere. Just the mainlanders. $TIGR do not hold any equities. They are using IBKR as the custody so the funds and positions in the broker is safe. Also, there are FINRA / SIPC protection etc.

[financialbasecamp @financialbase8]

@aleabitoreddit I have a feeling they are giving the brokers a chance to appeal. I guess a win win arrangement might be there especially since they do not want the sentiment to be damaged after all the commitment towards using financial market as alternative to build the people's wealth now.

[financialbasecamp @financialbase8]

@ahern_brendan @Reuters seems like they want their own market (HK/CN) to be strong. when their financial markets become strong, they would probably have more leverage during trade talks.