To my fellow western investors: In China when we do any type of search these days the default is either Doubao or Xiaohongshu. It's no longer Baidu. I thought it's common knowledge but apparently it's not, Baidu hasn't been a verb for a while now.

🚨 META JUST UNVEILED THE VR GLASSES 100 grams on your face - about the weight of a deck of cards. Meta says it has “the best display system that we have ever made,” and people in the demo were literally saying “it is like a computer” and “you could edit a whole movie just using the table.” As Mark explained this is cinema, computer, and a game console all in one, with 3D space, virtual screens, hand occlusion, and DisplayPort over USB-C. James Cameron’s reaction is probably the best quote in the whole segment “I’m inspired by what you’ve created. I’d like to see my work in these glasses.” I am completely one shotted these look amazing!

If you have a net worth of $100, you are only 33 hands of blackjack away from Elon Musk.

Got so many friends asking me why FOBs don’t hang with ABCs. Apparently, there are different types of FOBs: > The TCK FOB > Goes to an international high school, or comes to the US / Canada / UK in high school, then does the full Western college experience. Pretty assimilated into Western culture, usually from a well-off family. This type has a wide spectrum of how they build their social circles and is probably the least “fobby” type. Some are completely whitewashed and mostly hang out with non-Chinese friends. Others still have a very specific Chinese / international-school friend circle they hang out with more. > The Rich FOB > The spoiled version of the TCK FOB who stays mostly within their Chinese friend circle. Not necessarily wealthier than the first type, but chooses to live a very luxurious lifestyle: drives a sports car in college, lives in a luxury apartment, travels constantly during school, buys luxury brands, and posts highly curated photos. Often doesn’t bother trying to speak much English. > The Grad School FOB > Comes to the US / UK / Canada for a master’s, PhD, or MBA, then often goes back after finishing the degree. English is usually more broken, and they tend to put more emphasis on academic and career achievements. More likely to go to Chinese-only places, speak Chinese day-to-day, and stick within Chinese friend circles. > The FOB FOB > Moves to the US / UK / Canada later in life, usually for a career change, family, or immigration / citizenship. Has had relatively little exposure to Western culture or lifestyle. Their social circles are often built through relatives, old schoolmates, coworkers, hometown connections, or friends-of-friends from China. A lot of their social life can basically exist entirely within the Chinese community. And these groups often stay within their own little circles too.

When in doubt, a WiFi password in mainland China is always 88888888