Young Chinese Embrace Gold Bean Investments as Economic Slowdown Intensifies, Bloomberg FindsYonhap News Chinese in their 20s and 30s are turning to “Gold Bean” investments, trading small units of gold, to cope with economic stagnation. On the 15th, Bloomberg reported that as China’s economic slowdown crisis intensifies, the popularity of Gold Bean, which allows relatively low-cost investments, is soaring, especially among younger generations. The Gold Bean, […]
Venture Capitalist Vinod Khosla Reinforces Investment in Japanese StartupsVinod Khosla, CEO of Khosla Ventures, well-known as an early investor in OpenAI, has been increasing his investments in Japanese startups. News1 In an interview with the Nikkei on the 14th, Khosla stated, “I have recently decided to make new investments in Japanese companies.” This investment marks Khosla Ventures’ third in Japanese companies. Previously, it […]
Former Goldman Sachs Exec Spills Crypto Secrets: What's in Raoul Pal's Portfolio?Raoul Pal, a former executive at the global investment bank Goldman Sachs and currently the CEO of financial services company Real Vision, has revealed his cryptocurrency asset portfolio. On the 8th, Pal appeared on the cryptocurrency YouTube channel “Crypto Banter,” stating that about 90% of his assets are in the cryptocurrency sector. Pal is one […]
Biden Administration Mulls Blacklisting Chinese Semiconductor FirmsBloomberg reported on the 8th (local time) that the U.S. Joe Biden administration is considering additional sanctions against six Chinese semiconductor companies, including Changxin Memory Technologies (CXMT), a major Chinese DRAM semiconductor company. Bloomberg reports that the Bureau of Industry and Security (BIS) under the U.S. Department of Commerce is considering adding CXMT to the […]
Goldman Sachs CIO Warns Against Investing in the Chinese MarketOn the 5th, police officers are saluting at the flagpole in front of the People’s Hall in Beijing, China. AP Yonhap News The Chief Investment Officer (CIO) of Goldman Sachs, a representative investment bank on Wall Street, warned against investing in the Chinese market at this time. He cited difficulties in sectors that have been […]
China's EVE Energy Sparks a $2.6 Billion Battery Venture in the US EVE Energy US Holdings, a subsidiary of Chinese EVE Energy, announced on September 7, 2023, that it plans to establish a joint venture in the United States with Electrified Power, Daimler Trucks, and Paccar Inc. The capital contribution limit for the joint investment shareholders is set at a total of $2.64 billion.
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