Christian Henrik Nesheim

》Famous Brazilian musician `Lord Vinheteiro`, well-known in China through the streaming videos he produces, has lost a lot of money for his bad technology misuse besides taking awful advices from other `specialized` YouTubers ... A cold wallet is a type of cryptocurrency wallet designed for maximum security by keeping private keys offline, thus protecting against online threats like hacking and phishing, it stores cryptocurrencies in a manner disconnected from the internet, making it ideal for long-term holding of large amounts. Common types of cold wallets include hardware wallets, which are physical devices like (USB) flash drives; paper wallets, which are printed documents containing private and public keys or QR codes; and air-gapped devices, which are computers or phones never connected to the internet and used solely for cryptocurrency management. Basically, the process involves preparing a transaction on an online device, transferring the unsigned transaction to the cold wallet for signing offline (using a USB stick or QR code), and then transferring the signed transaction back to an online device to broadcast it to the blockchain. Cold wallets provide strong security advantages, such as resistance to malware and phishing, but are less convenient for frequent transactions and carry the risk of physical loss or damage; however, they are a crucial tool for cryptocurrency holders prioritizing security over convenience. e-o-f Artur Virgílio Alves Reis also attempted to buy the Diário de Notícias, he invested in the stock market and the foreign exchange market; by purchasing shares in the Bank of Portugal, he sought to control the bank itself in order to cover up the forgeries and suppress any investigation that might arise. By the end of November 1925, he owned 10,000 shares of the Bank of Portugal, a total of 45,000 shares would be needed to control the central bank. Starting on November 23rd., 1925, Alves Reis and the questionable dealings of the Banco de Angola e Metrópole (BAM) began to attract the curiosity of journalists from O Século, the most important Portuguese daily at the time, as BAM was granting loans at low interest rates without requiring deposits. The fraud was publicly revealed on December 5th., 1925, in Porto. The assets of BAM were confiscated, and evidence was obtained from Waterlow & Sons, Limited; Alves Reis was arrested on December 6th., while aboard the steamship Adolph Woerman, returning from Angola. He was 27 years old at the time of his arrest (he was sentenced to 20 years). Adolph Hennies, who was with him, fled; most of his associates were also identified and arrested. Fraud, forgeries, and embezzlement were three crimes Alves Reis committed to amass a fortune; his wife, Maria Luísa Jacobetty de Azevedo, was arrested a year later, in August 1926, and was sentenced to pay 5,000 contos for the jewelry purchased with the counterfeit notes. Alves Reis was released in May 1945, and died poor on July 9th., 1955.

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What happened in China this week: 📉 Caixin/S&P Global PMI used to show expansion for months, but has contracted in July. Consumption has not recovered and exports are expected to fall with higher tariffs and slowing global demand. China's recovery will take a longer time. 😡 Temu is holding back about a million US dollars worth of profits from the merchants, and using it to refund customers. On top of that, Temu may fine merchants as high as five times the price of products. Merchants are obviously unhappy and staged a protest at Temu's office in Guangzhou. 💰 Meanwhile, Alibaba is converting its service fee from a fixed price to 0.6%. This would mean that Alibaba will get more fees for higher-priced items and increase its fee revenue. 🚚 Meituan's HK food delivery KeeTa has taken the majority market share by the number of orders in less than a year. It is now urging 7-Eleven stores to join the platform. 🚀 Despite the geopolitical tension, WeRide is planning to raise US$500m proceeds from a US IPO. The largest since Didi's IPO. Read more: https://lnkd.in/gAxgKsjZ

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It seems to me that the main reasons for "punycorns" is that many start-ups here do not target the global market, and are often just "localizing" or adapting biz models or ideas for the #Japan market, or anyway doing whatever seems salable for an IPO but not thinking beyond that. The "localizing" aspect is similar to what Son-san at Softbank did 25 years ago. He was always trolling for the newest new thing in Silicon Valley, and seeking to buy the rights for it make that a business in Japan. In 1998 or Son-san contacted Jeff Bezos to get the rights for Amazon.co.jp in the Japanese market, offering a JV deal where Softbank would do all the work. Luckily Jeff had hired my small boutique M&A firm as Amazon's advisor, and I was able to persuade him that he did not need Softbank at all... all he needed was a database of metadata for Japanese books, and I had some ideas for where to get that. Anyway, by targeting and keeping control of the entire global market with a completely new business model right from the start, Amazon was able to get where it is now....and has a 100% interest in Amazon Japan, not 50%. Although, it does seem to me that there are many more "deep-tech", globally applicable startups than before in Japan... but I sense that the middle layer of VC money to fund them is not big enough yet, and/or such VCs may doubt their global rollout savvy. What think, experts David Milstein and Kathy Matsui? Leo Lewis Kana Inagaki Leo Keeley Risa Kazui Rob Claar

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A Journey of Transformation: #South #China #Morning #Post from 1973 to 2024 The South China Morning Post (#SCMP), a leading English-language newspaper in Hong Kong, has witnessed an extraordinary transformation over the past five decades. From its humble beginnings as a local daily to its current status as a global media powerhouse, the SCMP's journey is a testament to its adaptability, innovation, and unwavering commitment to quality journalism. In 1973, the SCMP was a traditional print newspaper, primarily serving the English-speaking community in Hong Kong. Its content focused on local news, business, and sports. However, the advent of the internet and the digital age presented new opportunities and challenges for the publication. Recognizing the potential of online platforms, the SCMP began to invest in digital journalism and launched its website in the late 1990s. The early 2000s marked a significant turning point for the SCMP. As the internet gained widespread adoption, the publication accelerated its digital transformation. It expanded its online content, introduced multimedia features, and developed mobile apps to reach a wider audience. This shift towards digital journalism allowed the SCMP to tap into new markets and diversify its revenue streams. In addition to its digital evolution, the SCMP also expanded its geographic reach. The publication established international bureaus in major cities around the world, including Beijing, Shanghai, and Singapore. This global presence enabled the SCMP to provide in-depth coverage of regional and international news, solidifying its reputation as a trusted source of information. One of the key factors contributing to the SCMP's success has been its unwavering commitment to quality journalism. The publication has always strived to provide accurate, balanced, and insightful reporting. By maintaining high journalistic standards, the SCMP has earned the respect of readers and industry peers alike. In recent years, the SCMP has faced increasing challenges, including the impact of the COVID-19 pandemic and geopolitical tensions. However, the publication has continued to adapt and innovate. It has expanded its focus on digital content, including podcasts, videos, and interactive features. The SCMP has also invested in data journalism and artificial intelligence to enhance its reporting and analysis. As the SCMP looks towards the future, it is poised to play a vital role in shaping the narrative of Asia. The publication's commitment to quality journalism, digital innovation, and global reach positions it well to navigate the challenges and opportunities of the 21st century.

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How many metaphors about "eating" (吃) do you know in Chinese? Here are three - how many do you know? 1. 吃相太难看 chī xiàng tài nán kàn Direct translation: "appearance while eating" (吃相), "looks awful" (太难看) Meaning: A shanghai dialect which translates as "unsightly behaviour", or "shameless". 2. 吃不了兜着走 chī bù liǎo dōu zhe zǒu Direct translation: "Can't eat it" (吃不了), "take it away" (兜着走) Meaning: A slang phrase meaning "in serious trouble" or "to have no options" 3. 不吐不快 bù tǔ bú kuài Direct translation: "no spit" (不吐), "not happy" (不快) Meaning: an idiom "to have something you want to get off your chest, or out in the open" I'm sure there are lots more! These are just some we learned about in last week's RealTime Mandarin newsletter! What other Chinese phrases do you know which use easting as a metaphor?

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Japan's major trading companies like #MitsubishiCorporation and #ItochuCorporation are facing increasing employee turnover despite high pay and prestige. Young professionals are leaving for #startups, seeking autonomy and faster growth. This trend highlights the need for transformation in traditional #JapaneseTradingCompanies. #employeeTurnover #jobMarket

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🇨🇳 China Property: While all the eyes are now on the freshly announced policy support measures, the two charts below illustrate where major developers have been buying land over the past 12 months, and who has been buying. 📈 Not surprisingly, few developers have been active (hence the medians in the bottom-left corner) - mainly the state-owned firms, but there are a few private players. 📈 By city, Hangzhou and Shanghai dominate in terms of land acquisition value, while Xi'an stands out on the Gross Floor Area measure. The two charts are from our Real Estate Foresight (REF)'s monthly China CityScreener(TM) Report, where we slice and dice the metrics for house prices, sales volumes, land sales, inventory clearing, and major developers' land acquisitions, across 40+ cities. 📣 If you are looking at China property from a macro perspective, please do reach out. We've been focused on this sector for the past 12 years. #China #research #land #housing #developers #evergrande #countrygarden #realestate #property

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Why is Guangzhou lagging? Because it is neither Shenzhen ... or worse, Hong Kong. I mean for all that HK is in its own doom gloom loop, it has a better positioning in the international market. GZ is another city ion China with many other Me-Toos popping up in the Greater Bay area. "Analysts, meanwhile, attributed the yawning gap between Guangzhou and Shenzhen to China’s mixed economic reality of an export boom, weak domestic demand and a slowdown in traditional manufacturing." That affects the whole of China, but what is GZ's economic value (it has the govt administration but in a wired world, that is insufficient.) "Guo Wanda, vice-president of the China Development Institute – a government-backed think tank to the Greater Bay Area – said cities faced a combination of sluggish traditional industrial growth and rapid development of new sectors. “Shenzhen’s new industries and hi-tech investment are growing rapidly, but Guangzhou and Foshan still rely heavily on traditional manufacturing and they need to expedite transformation,” Guo said." So here is the point, China is not fast. It is only some parts of China that are really fast, and some parts of China are fast internationally - but cannot compete with the best clusters in China (depending on industry, economic situation)

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