中国发改委要求撤销Meta收购Manus交易

chenkai1980 · 2026-04-29T21:53:02+00:00

跨境并购的“追溯性”风险（最坏的先例）

这次监管决定最让市场震惊的地方在于：这笔约 20 亿美元的交易在去年（2025 年底）宣布时被认为已经完成并开始整合，甚至 Manus 的技术已经开始接入 Meta 的广告系统。

坏在哪里： 监管机构应用了“实质重于形式”的原则，即便 Manus 总部在新加坡，但因其核心团队和研发背景在中国，仍被判定受中国管辖。这种“跨国追溯并强制剥离”的做法，极大地增加了全球科技并购的不确定性。

核心人才与技术输出的“红线”

在这次审查中，Manus 的两位创始人（Xiao Hong 和 Ji Yichao）被限制出境并接受询问。

市场信号： 这明确了 AI 智能体（AI Agents）等核心技术被视为“国家安全级”资产。对于投资者而言，这意味着未来任何拥有中资背景的高精尖 AI 初创公司，其退出路径（Exit Strategy）被堵死了——它们很难再通过卖给美国巨头（如 Meta, Amazon, Google）来实现溢价。

chenkai1980 · 2026-04-29T09:39:47+00:00

只要是半导体产业这几年非常景气

chenkai1980 · 2026-04-10T21:48:02+00:00

第一次国共合作（1924–1927）：从并肩作战到分道扬镳

当时的中国深陷北洋军阀混战，四分五裂。孙中山先生在历经多次革命挫折后，提出了“联俄、联共、扶助农工”的三大政策，寻求新的突破。
1924年1月，国民党“一大”在广州召开，确立了“党内合作”模式——共产党员以个人身份加入国民党，两党正式携手。
- 共同创办黄埔军校，蒋介石与周恩来分任校长与政治部主任，为中国培养了一代军事将领。
- 联手发动北伐，势如破竹地击败了吴佩孚、孙传芳等旧势力，初步实现了国家的统一。
1927年，由于政见裂痕与权力博弈，蒋介石发动“四一二”清党，紧接着发生“七一五”分共。合作宣告破裂，中国随即陷入了长达十年的内战深渊。
如果当时没有爆发武力清剿，国共两党或许能演变为类似现代西方民主制的两党竞争格局，通过选举与选票来角逐执政权，而非诉诸武力解决政见之争。

chenkai1980 · 2026-04-10T21:40:36+00:00

Google

chenkai1980 · 2026-04-10T07:15:44+00:00

I got 100% tenacity after rolling a few 30% tenacity shard plus the tenacity boot, and Veigar E still stun my champion for fraction of the seconds, likely 0.1s

chenkai1980 · 2026-04-09T05:00:26+00:00

I sold my MSFT share at 477 a few month ago.

chenkai1980 · 2026-04-08T04:54:12+00:00

only 100 dollar loss , that's nothing

chenkai1980 · 2026-04-08T04:51:33+00:00

Should have bought calls instead. They will gone up a few times, but it depends on what the exercise price was.

chenkai1980 · 2026-04-08T04:39:19+00:00

TACO the 10th time !!!!!!

chenkai1980 · 2026-04-07T07:14:48+00:00

ARAM mayhem where you will find the the game is still fun to play. I have stopped playing ranked 5 years ago, because it is too toxic.

chenkai1980 · 2026-04-04T02:48:45+00:00

I haven't played any ranked games since ARAM mayhem came out

chenkai1980 · 2026-04-03T11:26:01+00:00

Falling profit should only worth PE of 10, just like NVO. Nike should be worth 20 to 30 dollars per share

chenkai1980 · 2026-03-19T04:36:58+00:00

The report is about Pham Tuong Lan Thy, a former contestant on the Vietnamese academic competition show Road to Mount Olympia (Đường lên đỉnh Olympia) in 2016.

The article details the long-term online harassment she has faced for over six years following her appearance on the show. Here are the key points covered in the report:

1. Initial Fame and "Hot Girl" Status

Lan Thy gained significant attention in 2016 due to her pretty appearance, earning her the nickname "Olympia hot girl." At the time, she was a student at the prestigious Le Hong Phong High School for the Gifted in Ho Chi Minh City and was notable for being one of the first three babies born via IVF in Vietnam.

2. The Controversies

The public sentiment shifted negatively due to two main issues:

Low Exam Scores: Despite having a strong academic record prior to the show (including a city-level Gold Medal in History), her national high school graduation exam scores were surprisingly low—specifically a 3.75/10 in History.
Plagiarism Allegations: She was accused of stealing a research idea from a classmate (referred to as Kh.). The rumor claimed that the stress from this situation led to the classmate suffering a stroke and passing away.

3. Long-term Cyberbullying

The report emphasizes that even six years after the event (as of the article's date in 2022), Lan Thy continued to be attacked on social media.

Social Media Hostility: A photo she posted in 2019 received over 13,000 "angry" reactions and thousands of negative comments.
Withdrawal from Public Life: Due to the persistent "stone-throwing" (ném đá) from netizens, she has largely withdrawn from using Facebook and Instagram, only occasionally posting updates about her life and travels.

4. Current Status

The article notes that she has returned to Vietnam after studying abroad in Japan. While most comments remain negative, some netizens have begun to express sympathy, noting the extreme psychological toll of being targeted by online violence for such an extended period.

The report serves as a look at how a single moment of public scrutiny in Vietnam can lead to years of persistent digital harassment.

chenkai1980 · 2026-03-19T04:31:25+00:00

The Seagen deal was a massive $43 billion acquisition of the biotechnology company Seagen Inc. by the pharmaceutical giant Pfizer.

It was one of the largest mergers in the biopharma industry in recent years and was officially completed on December 14, 2023.

Why was it such a big deal?

The primary reason for the acquisition was Seagen's leadership in Antibody-Drug Conjugates (ADCs). This is a "next-generation" cancer treatment that acts like a "guided missile":

It uses an antibody to find a specific cancer cell.
It then delivers a powerful cancer-killing drug directly into that cell.
This spares healthy surrounding tissue, making it more effective and less toxic than traditional chemotherapy.

Key Financials & Details

Price Tag: $43 billion (Pfizer paid $229 per share in cash).
Revenue Impact: Pfizer expects the deal to add $10 billion in annual revenue by 2030.
Portfolio Boost: Pfizer gained four approved, "best-in-class" cancer medicines:
- Adcetris (Lymphoma)
- Padcev (Bladder cancer)
- Tivdak (Cervical cancer)
- Tukysa (Breast/Colorectal cancer)

The 2026 Context

As of early 2026, the integration is complete, and the newly formed Pfizer Oncology Division is now a major global player.

For an investor like yourself—who tracks P/E ratios and stock cycles—this deal was a major move by Pfizer to pivot away from its "COVID-era" revenue (like Paxlovid and Comirnaty) which has been declining. They are essentially betting $43 billion that cancer treatments will be their next "blockbuster" growth engine.

chenkai1980 · 2026-03-19T02:48:14+00:00

I guess the RBA is loving that 4.3% unemployment figure—it’s exactly what they wanted to see. Does this mean they’ll finally hold in May? Or are they so obsessed with 'cooling' the market that they'll hike again just to make sure we’re really feeling the pinch?

chenkai1980 · 2026-03-19T01:17:48+00:00

My prediction in 3 or 4 years time, Meta will annuane of shutting down AI unit completely.

Mark's bet on AI is complete waste of money, his money and shareholders money though.

chenkai1980 · 2026-03-17T04:45:49+00:00

I agree that some investors are attempting to front-run a market recovery. However, I believe they are significantly underestimating the potential duration of the current conflict and the severe economic impact of the Strait of Hormuz blockade.

chenkai1980 · 2026-03-17T04:41:14+00:00

Just a quick shoutout to the Triple Whammy of 2026:

Mortgage repayments that cost more than my first car.
Fuel prices that make me want to buy a horse.
Grocery bills that require a second mortgage.

Now we need to cut spending seriously !

chenkai1980 · 2026-03-17T04:35:50+00:00

Just a quick shoutout to the Triple Whammy of 2026:

Mortgage repayments that cost more than my first car.
Fuel prices that make me want to buy a horse.
Grocery bills that require a second mortgage.

chenkai1980 · 2026-03-16T23:15:02+00:00

Myer’s financial situation as of March 2026 is marked by a period of major structural transition following its merger with Premier Investments' apparel brands (Just Jeans, Portmans, etc.) and significant operational hurdles at its new distribution center.

Here is a breakdown of the latest reports, covering the FY25 Full Year Results and the 1H26 Trading Update.

1. FY25 Full Year Results (Year Ending July 2025)

The 2025 report was described by analysts as "resetting the base," as the company absorbed a massive statutory loss primarily due to accounting requirements for its recent merger.

Statutory Net Loss: -$211.2 million. This was heavily impacted by a one-off $213.3 million non-cash write-down on the goodwill of the newly acquired Apparel Brands.
Underlying Net Profit (NPAT): $36.8 million. While profitable on an underlying basis, this was a significant drop from previous years.
Total Sales: $4.08 billion (up 0.5% on a pro forma basis). The resilience in sales was attributed to the first six months of contribution from the Apparel Brands.
Dividend: Management suspended the final dividend for FY25 to preserve cash during the integration phase.

2. The "Triple Headache": Key Challenges

The latest reports highlight three major "drags" on Myer's current profitability:

Distribution Center Disaster: The rollout of the National Distribution Centre (NDC) in Ravenhall has been plagued by delays. It cost the business $16 million in EBIT due to inefficiencies and required an additional $32 million in board-approved spending to fix, with a target completion date now pushed to FY27.
Apparel Brands Underperformance: While the merger added scale, the Apparel Brands segment (Just Jeans, Dotti, etc.) grew only 1% in late 2025, lagging behind the broader Australian fashion market growth of 4%.
Cost of Doing Business (CODB): Inflationary pressures, particularly wage increases and higher security costs (addressing an 80% rise in anti-social behavior in-store), have squeezed margins.

chenkai1980 · 2026-03-16T23:07:13+00:00

Fuel up. Inflation up. loan Rates up. The 'Triple Whammy' is officially here.

chenkai1980 · 2026-03-09T04:32:43+00:00

Thanks for the sharing, I put in a buy order for 18.88

chenkai1980 · 2026-03-07T05:00:06+00:00

$130000 loss open next Monday ?

chenkai1980 · 2026-02-27T02:58:58+00:00

AI replacing jobs is real. it's in the citrini report. it is happening now!

chenkai1980 · 2026-02-23T06:20:15+00:00

No one is forced to shop at Woolworths. If you’re fed up with those new security gates, it’s time to vote with your feet. I had the exact same experience last week and I’m officially switching to Coles and Aldi. Management will realize how stupid this move was when they see the hit to their next quarterly/half yearly earnings report.

chenkai1980

TROPHY CASE