Rui Ma 马睿
@ruima
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Building generative AI solutions at @alphawatchAI . Also I help edit @techbuzzchina . Views personal. Ask me anything
San Francisco, CA
Joined January 2008
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Are you an investor or business operator eager to dive deep into China's thriving electric vehicle ecosystem? Don't miss this opportunity to gain firsthand insights and knowledge. Join Tech Buzz China on an Exclusive Electric Vehicle Trip in China!
Embark on a one-week journey…
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Crazy story of the week:
The tragic incident surrounding the Netflix adaptation of the "Three Body Problem" series is not widely known among its fans. Lin Qi, a visionary and brilliant young billionaire, acquired the rights to the "Three Body Problem" with the ambition of…
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Wow, a Chinese gaming co installed an AI CEO at one of their main subsidiaries in August. Stock outperformed.
Tang Yu was responsible for all of the typical duties: reviewing high-level analytics, making leadership decisions, assessing risks, & fostering an efficient workplace.
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I didn’t make this up, I had ChatGPT summarize a Chinese article on this, but here is the English coverage. And yeah Xu was sentenced just a week ago, on 3/22 in China pretty much at the same time as the 3/21 premiere in US. Justice finally. RIP
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Wow ByteDance buying $1Bn of NVIDIA AI chips in first half of this year is a lot … that’s 100K chips. ChatGPT was trained on 10K chips
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Oh look it’s all the men defending Huberman from his unwarranted “hit piece” making it sound like it was nothing. Well I read it out of curiosity fully expecting it to be nothing and it was very much something. He literally tells people how to live their lives and how he has so…
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I mean, he’s probably doing it for the lolz and the ad revenue share but publications and journalists who amplify his embarrassingly bad BS takes should really have a better fact checking process
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Wow didn’t know so many were going to find this tweet, another detail is that Xu, being a lawyer and premeditating this, apparently thought he was going to get away with an insanity plea and did a lot of groundwork to try establish mental illness.
From an article titled…
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Recent convo w a friend who was in real estate in China, reminds me of everything I hated about this sector:
Friend: My friend has lost all their assets in China. Their partner was found to have been doing business with a corrupt govt official who’s now in jail.
Me: oh so your…
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The most recent joke on Chinese social media is this famous singer saying that he’s going to switch from Huawei to iPhone next model bc whenever he goes to eat with his friends at a mall food court which is almost always below ground, their iPhones have no signal so he has to pay
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Why do so many of my fellow Americans hate infrastructure so much? Genuine question? I didn’t play that many city building games but intuitively roads are one of the first things you build? That’s one of the main things that keeps your cities poor because you can’t really…
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If I hear the “but Facebook isn’t allowed in China” argument one more time … TikTok isn’t either, China has different internet rules. Facebook just didn’t want to make a separate one for China. Then by the time it did it was too late. Don’t at me bc you don’t know anything.
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Do people who tweet this not have access to the internet or do they just like lying their face off? Chinese parents have the same concerns and also the youth protection measures were put in by the government not the co AND panned by Western media as too authoritarian LMAO.
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“Artificial Intelligence law booth in Wuxi, China
A friend just used this booth to incorporate a new biz, e-filing his papers, in 30 minutes when that normally took him a month with a lawyer. Chinese citizens do not need ID due to facial recognition and the service is free. “
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Unacceptable: Bill proposes to ban Chinese citizens from being admitted to Texas public colleges and universities.
Please RT if you agree.
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This headline is disgusting and racist IMO. It is saying that China building hispeed rail into the forests of Laos (where there are bats & it’s part of local diet) will get us another COVID pandemic. So (developing) Asia should never develop bc they’re dirty and disease ridden?
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Asian-Americans should prepare for more hate
- Despite the rollback of a Justice Department programme, a ‘major chill’ has been created and is likely to worsen
- People look for someone to blame. Both political parties say China is the enemy and we have that look
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@nikstankovic_
No they didn’t die. And apparently two more were poisoned but not that seriously and collateral damage? Cuz he was mainly after two others. Tragic tho because they have lifelong side effects as the poisons were serious
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So just caught up w a friend who's doing rural China ecomm. When I told him that I was told by folks (both on Twitter & in China) to go to rural China for the "true sufferers of this economic crisis," he just laughed. "That's all the 1st tier city white collar folk whining."
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I live in the Bay Area. In “Silicon Valley.”
My neighbors (eg on Nextdoor) are blaming immigrants and loss of manufacturing jobs to China as the main reason for crime sprees in the area.
Can’t really imagine what it’s like elsewhere.
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I was very surprised at Chinese American friend's complaint abt how their trip to Shanghai last month was "terribly inconvenient."
"China makes things so difficult for foreigners!"
Turns out they didn't set up Alipay, didn't know about mini programs, and *took the bus…
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Just talked to someone from a listed Chinese software co (not on any list, not in a sensitive industry) who attended Nvidia GTC. 10 out of 14 of their Chinese colleagues were denied visas to the U.S. They applied under business visit and showed their invitation letters from…
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“I thought China was totally fcked, but then I visited downtown San Francisco. And I’m so shocked. I was scared.”
— Chinese founder visiting US for first time this week
SF, this is really embarrassing.
I’m tired of explaining how “exceptional” you are.
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Lol according to US based Chinese language independent media which actually went and interviewed a bunch of these people it’s because this route is so safe & commercialized now (popularized via social media eg TikTok) that you can easily hire porters to get you & your luggage…
Massive surge of Chinese immigrants trying to cross the US border through Mexico.
Like in the Cold War, the direction of migration is extremely telling for how rival great powers are performing…
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My Chinese gaming investor friend on the new regulations that wiped out billions of market cap from NTES and Tencent:
“These government regulators understand gaming way better than Western gaming companies, the rules are surgically precise with regards to live-ops in user…
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Was talking to an expat business exec who’s been in China for over twenty years
Me: So lots of businesses have been failing right?
Him: Yeah. But some of them hadn’t kept up with the times. Hadn’t made changes. Don’t understand the world outside of their narrow bubble and…
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Just spoke w someone (not Asian) who moved recently for work from a 1st tier city in China to NYC.
They were so shocked ("no one would put up w this in another country, these probs have been solved") they had to go read The Power Broker to understand "how things got this way"🤯
I…
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In China you can pee into this "smart urinal" and get tested for 14 common markers for just 19.9 RMB or $2.75 the price of a cheap coffee! Pee then scan QR code to get your results in a mini program
WBC: White Blood Cells
UBG: Urobilinogen
MALB: Microalbumin
PRO: Protein
BIL:…
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Good news if you're a foreigner trying to take the high speed rail 🚄 in China, the govt just announced that you do not need to pick up your ticket at a window anymore after in-person passport verification and can do everything online and check in like everyone else.
I know on…
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What a depressing read from
@RayDalio
on US-China relations, but also realistic:
The United States and China are on the brink of war and are beyond the ability to talk.
... almost all policy makers I speak with are scared of war ... but should not be assumed will prevent it
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Posting here without comment / speculation:
“Chinese foundry SMIC may have broken the 5nm process barrier, as evidenced by a new Huawei laptop listed with an advanced chip with 5nm manufacturing tech — a feat previously thought impossible due to U.S sanctions.”
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Guizhou is very poor, for many reasons, but its difficult geography (which lends itself to stunning landscapes for tourism, sure, but not easy development) is a big one. One of the first kids I sponsored in 2010 was from a very remote part of Guizhou. They didn't have running…
I dunno why but Guizhou seems to be everyone’s favorite whipping boy.
Is 11 an excessive no. of airports for the province of 39M people?
Similarly mountainous West Virginia (pop 1.8M) has 14 airports with IATA codes.
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“US China tensions are stupid and both sides are being stupid stupid stupid”
- paraphrasing Charlie Munger but he had a few more “stupid”s thrown in
“US & China can both become more wonderful countries” by working together, in fact this is “imperative”
- Warren Buffett
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Should I be worried this Chinese hospital has a bunch of punching bags in the lobby that says “punch me to release your anger”
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- SHEIN has been profitable for four consecutive years, with a net profit of nearly $1 billion last year.
- Sales increased by 46% last year, surpassing $29 billion and exceeding ZARA's annual sales for the first time.
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Microsoft President Brad Smith on generative AI rivals:
"We see three at the absolute forefront," Smith said in an interview in Tokyo with Nikkei Asia. One is Open AI with Microsoft, the second is Google, and "the third is the Beijing Academy of Artificial Intelligence." 🤔
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If you want to know the basics of how the Chinese government works and how economic development has evolved over the last four decades or so, you should read the book 置身事内 (no English translation, but Amazon lists it as "Chinese Government and Economic Development" and his…
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Wow. Sequoia is splitting itself into three firms. China will become HongShan (actually just the pinyin of Sequoia) & India and Southeast Asia will become Peak XV. Separation to take place by March 2024.
They downplayed the geopolitics but come on, we aren't blind.
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The Cathay incident (discrimination against Mandarin speakers) is so unsurprising. I used to go to Hong Kong monthly & the service you get if you spoke English vs Mandarin was always night and day. This was way way before any NSL.
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The shooter was a racist neonazi white supremacist who apparently was wearing rwds patch which stands for right wing death squad. Looks like most of the other victims also minorities. I am so sad and angry.
Family killed in the Texas mall shooting identified as Cindy Cho, Kyu Cho and their 3-year-old son, James Cho. Their other child, William, just turned 6 and is the only survivor. They were going to the mall to exchange clothes he received for his birthday
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Chinese cos watch out, you can’t make real $$ here without someone coming after you for “foreign influence” regardless of how big of a stretch it is
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This info about the Texas mall shooter makes me physically ill to read, this is why we (AsianAm) are scared:
In fact, the Washington Post reports that the shooter’s recent social media posts “included violent, hateful references that included singling out Asians with slurs.”
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I recently had an intense conversation with a friend that reminded me of what I believe is one of the most significant yet overlooked challenges of living in China: living with (visible) illness or disability.
In China, being "different," especially in a visible way, is far from…
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Quite disgustingly dishonest 🤮
Actually the “Chinese version” and competing apps filled with the exact same, perhaps use Google to find the plethora of news on this yourself
Oh and have you used Instagram?
Also plenty of educational content on TikTok but that would ruin your…
In America, TikTok pushes videos to kids that promote self-harm, eating disorders, and suicide.
In China, the version of TikTok available there, the app shows young kids science experiments, museum exhibits, and other educational material.
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In Dallas for 3 days so far and here are my observations:
People are extremely rude re: their perceived property rights, apparently they own the other side of the street too
Flags are giant
Gas stations are giant
Everything is indeed bigger in Texas
SO MANY mega churches, the…
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Yeah because of the (Anti-)Chinese Initiative!
“it involved repeatedly intimidating institutions that employed scientists of Chinese heritage and attempting malicious failed prosecutions of scientists who worked with institutions in China.”
The U.S. is losing the race for scientific talent to China and other countries.
#CatoImmigration
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Honestly everyone in China without fail says the economy is sh*t but you definitely cannot tell with the amount of bustle here (same level of busy-ness in Beijing Xi’an Hangzhou Suzhou and Shanghai)
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Why are Americans shocked by Temu prices? Honestly a lot of the prices are now the same as Amazon for low volume niche goods. As for the other truly cheaper items I think most Americans just have no clue how much things cost to make & how many layers of markups there are
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I shoulda taken a video but this was my experience of Shanghai last week too
Reporting from Ghost town, Shanghai. Tuesday, September 5th, around 7:47 PM.
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@Ryan76589177
It’s difficult for me to agree that they are being unfairly persecuted when they committed actual crimes. Just bc others who may have done the same thing aren’t punished (yet) doesn’t absolve them of anything. What a weird way of thinking
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I don't know who needs to hear this but the de minimus tax loophole is not why Shein and Temu are successful, if we define them by their low pricing, which let's face it, is their core customer-facing competitive advantage. They're successful (read: cheap) because they've either…
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If you know me, I'm always questioning the education system, especially here in America as that's the one I grew up under. And I recently had an experience that further convinces me I need to find or create alternative education for my kids. What happened was that I visited a…
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What did I say, of course they’re going to come after Temu with the same play
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Apparently only American companies are allowed to move their execs to run businesses in other countries. If ByteDance does it it’s considered an invasion, not a simple business decision (with pros and cons). Either way I didn’t know that was a thing you could whistleblow on
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LOL, watching a video of a Chinese AI entrepreneur talk about how he got himself into a teen girls' fan group for a popular Chinese singer to try to figure out what makes the community tick. They're teens so in China they like to call themselves Lolitas (I know, uncomfortable).…
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Ok I ded again at the AI generated drawings by Baidu ChatGPT. Apparently it translates prompt into English then uses Stable Diffusion which yields all sorts of hilarious results bc there’re so many idiomatic sayings in Chinese
A confident man: 胸有成竹的男人(man w chest w bamboo)
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A few things that would make your trip really quite easy:
- Download Alipay & link credit card. Works with foreign phone numbers and cards. It will charge a 3% transaction fee sometimes (on Taobao for example for smaller transactions I think under $35 or so) but I think the…
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I ded. The reporters at Latepost got access to Baidu’s Ernie Bot, their version of ChatGPT. While it did ok in the first two questions, it failed big on this one asking it to write a surprising 50 word mini story starting with “I love you.” But it just said “I love you” like 100x
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Chongqing is such a distinctive city. I highly recommend checking it out if you have the time. The geography is just insane, I definitely had sweaty palms going over some of these roads & bridges
The most cyberpunk looking view of Chongqing I’ve ever seen lol
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TSMC is a great litmus test for rationality. I used to think it was only wonky political non-tech types who fell for this nonsense then so many SV & tech folks spouted this w a straight face 😂 I don’t correct them I just mentally deduct 40 IQ points in my estimation of them
the stupidity from all the nonsense about blowing up TSMC as if it's relevant to the Chinese mainland's claim of Taiwan is off the charts and reveals fundamental ignorance.
The debate was ludicrous from the day some Naval War college professor invented the term "silicon shield."
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Per him, his target consumers in rural China weren't nearly as affected by the real estate crash bc people didn't speculate as much (why would they, the prices didn't go up like crazy). And their discretionary income continues to climb far faster than urban dwellers.
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I don’t understand why we need 2nm chips to send low-def memes to each other and also 5000 megapixel hyperrealistic camera lenses when you know a majority of the world’s population is filtering the crap outta that photo anyway
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I had ChatGPT summarize the super viral interview with contrarian thinker Allen Zhu (Zhu Xiaohu) on 3/5 on Generative AI and AIGC in particular, a top VC in China. Unlike most of his peers in China who suffer from major FOMO, he's stopped reading or even talking to people in…
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Saying Temu or Shein is just like Wish just means you don’t know much about how they work except for the fact that they source from China, but then why wouldn’t you include Amazon marketplace in there too lol, cuz that would be the better comparison in a few years I bet
Shein…
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On the topic of Can China Invent, I have some thoughts.
Last week at the Asia Society Northern California conference, I had the chance to discuss Innovation in the US and China, alongside really smart panelists like NIO's US head Ganesh Iyer and Bloom Energy's chairman and CEO…
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Come on, these AI images of Star Wars characters in last century China are hilarious h/t
@passluo
#midjourney
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“So, as Americans, we equate the exercise of global hegemony with military power. That’s not the way China does its business … China doesn’t have a whole lot of military bases … it’s building this substrate of economic and commercial power across the Eurasian landmass …
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Now you can WeChat Pay using your foreign credit card. With the new PRC banking restrictions my existing WeChat Pay doesn’t work anyway so look forward to this implementation
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Americans just don’t understand how most businesses work bc we are sooo far removed from the actual supplier. How many people does the average person know in manufacturing? In SV I think that number is zero. In China that number is a lot. Most likely you have extended family who…
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I heard smth similar from SVP at a large tech last yr on the regulators he had to deal with (not gaming)
“They knew our business just as well if not better than we did bc they knew our competitors better. You couldn’t BS this new gen like you could their predecessors.”
Uh oh
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Also frankly cuz it's so low it kinda has nowhere to go but up. So his biz is doing pretty well. It's kinda true, if you go to forums & read abt the sob stories of the folks who're not doing well they do tend to be folks who had $ to make bad investments (eg open milk tea store?)
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Got sent a Chinese blogger making fun of (an almost year old) estimate that Temu loses $30/order from a Wired article, which was likely quoted from one of our old pieces. Dude was like, "foreigners don't understand how Chinese ecommerce makes money." Wow, so embarrassed for you…
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Why I roll my eyes at consumers who don’t understand how clothes are manufactured
“The reason an identical outfit is $30 on SHEIN versus $180 on Jaded London has little to do with the quality or workmanship involved. You’re often paying for the brand story, customer service, and…
In today's edition of You May Also Like, I investigated how a SHEIN tag may have ended up on a $180 outfit
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Today I learned Shein’s Chinese name … 😲
“The Chinese name of SHEIN, "希音," is derived from the phrase "大音希声" in "Tao Te Ching" by Laozi, meaning "the truest and strongest sound is actually soundless." This is akin to SHEIN, which has risen to fame overseas but actually…
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Luckin Coffee, the discount chain previously found guilty of fraud, continues to astonish with its results.
Net profit of USD $82mm was up 27x+ YoY. Transactions/mo +84.6%
1,137 new stores added in Q1, with an average of one new store opened EVERY 1.9 HOURS. What???
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Ahhh, stop making me cry
How long do we have with our kids?
0-3 years old, we are their everything
4-12, we are their evenings
13-18, we might be just their weekends
19-22, we are probably just their winter / summer breaks
23+, we might only be their Chinese New Year
😭
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Probably am meeting 1-2 new people from China tech sector every week, and thought I'd share 2 interesting thoughts I heard recently:
1. China is in a state of serious overcapacity. That used to only mean supply of goods, then some services, but now it's extended to everything,…
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I was watching some Shein warehouse logistics worker videos. They have to work super hard, with max 15 min bathroom breaks. But people still go because they pay over 10K RMB a month (~$1400 USD) which is well above average. (Beijing college grad 2022 averages $900 / month). One…
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Lol I’m getting invited to Chinese American parent events where I can go listen to “mom whose kid went to Stanford & father who sent kid to Oxford talk about their parenting insights.” Which other immigrant cultures do this lol
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Wow James Liang Chairman of CTrip really putting his $$ to work to slow down China’s population decline. Employees will get 10K RMB ($1400 USD) per year for 5 years ($7K total) for each new child. Also one of the few cos to have adopted hybrid (3 days in office) work
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So turns out that man who drove into the Chinese consulate in SF yelling “where’s the CCP” is a Chinese native from Shandong obsessed with bows, gun replicas, political books including ones on assassination. Wonder if he was just very mentally ill 🤯
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I should have played way more badminton when I was living in Asia (and much younger). Love this game. Don’t diss it if you haven’t tried it, it’s quite challenging
Yesterday in Malaysia.
This. Rally. 3-minutes. 211 shots.
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I did not know people thought this. This is far from reality. I know tons of Asian people who moved to Asia (including Taiwan) bc of anti Asian hate & general discrimination & exactly zero who moved away from Taiwan due to “war prospects.” People leave for better opportunities
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Hi everyone had to take some time off for some personal stuff (all good things!) and wanted to let y’all know that I’ve just joined
@AlphawatchAI
full time as COO to help grow our AI enabled market / investment research product for finance professionals.
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Headline editors are such a joke. Intentionally immoral at this point IMO. The release itself promotes this as hugely positive (!!), this was in line with what has happened in similar cases in other jurisdictions, was expected, and is example of the audits working as intended!
Holy cow! What a terrible headline! They left out all of the positives said. Shameful! Read the release yourself!
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Literally everywhere in East Asia it’s like this. Actually gonna get a full checkup for self and husband when I go later this year. The equivalent “physical” that we get here in the US? Costs 40 RMB (self pay) in Beijing. $5.60, price of a Frappuccino
In Taiwan, I paid $350 for a full body checkup that would have cost me tens of thousands of dollars in the US. They ran a battery of tests: blood, EKG, CT, sonogram, etc. For a nominal fee: endoscopy and colonoscopy. Then they went over the full report with me. It blew my mind.
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Haha just saw this in a note:
“critical thinking within the Western media is in short supply these days, and that most journalists would now rather be wrong with the consensus than be right alone.”
Ouch 🤕
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Unpopular opinion from someone who was not popular from my earliest memories:
When parents over-focus on “socialization” what you’re really pushing on your kid is the idea that there is something wrong if they aren’t well-liked by their peers. This makes them brittle and…
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“China doesn’t have Flat Earthers because in Chinese the word for Earth is literally “earth BALL” 地球” 🌍 👍
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Almost two years into being a parent, I feel even more strongly (what I long suspected) that your kids really just model what they see you do, so don't even bother with faking good habits -- instead, just actually adopt them.
Case in point, many of my friends started reading to…
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My husband makes endless fun of me for this, but ... I am a big fan of the
@AARP
magazine. I'd go so far as to say that it's one of the best life hacks I discovered last year, completely by accident.
So for those of you not from the US, you probably don't know about the AARP,…
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Pinduoduo $PDD is now Irish
In its latest filings with the U.S. Securities and Exchange Commission, the company listed an address in Dublin, Ireland, as its “principal executive offices.”
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Good news for folks looking to travel to China
Valid multi year entry visas to China issued before 3/28/2020 “resume function” aka good to go again
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Just sat down!! 3rd time at Berkshire Hathaway Shareholder Festival, birthday trip!! ❤️❤️❤️
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So the big news today was $BABA splitting into 6:
Alibaba Group Holding Ltd. plans to split
its $220 billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or initial public offerings when the time’s right.
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