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From "loser culture" to "AI data gold mine": the 19 year love hate history of Reddit, an American post bar, and the story of new capital
The battle between 3 million US retail investors and Wall Street in 2021 was once jaw dropping. The "American Post Bar" Reddit, a group of retail investors and grassroots cultural headquarters of Wall Street Bets, finally went public in 2024: from the role of beating Wall Street violently, it turned into begging for recognition from Wall Street. Surprisingly, Reddit, which was despised by Wall Street, showed brilliant indicators in its first financial report after listing, telling a new story of AI and starting a new journey of cooperation with technology giants such as OpenAI and Google. However, this has not dispelled the curse of commercialization of Reddit as a gathering place of grassroots users: the management has confronted users for 19 years, the moon and sixpence, commercialization and users, Can Reddit balance? In this video, we interviewed Reddit's WSB OG users and Wall Street fund people who participated in the listing of Reddit, and talked in depth about the challenges and contradictions of Reddit, a wonderful American community, around its 19 year internal conflicts, business model and new AI stories.
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Accor Group: 205 Accor hotels worldwide
38 seconds ago

36 Krypton learned that according to the data released by Accor Group, up to now, Accor's global business network has grown to 205 hotels and resorts (including 122 hotels in operation and 83 hotels to be built), with more than 43000 rooms under management. Among them, 3 were opened in Greater China and 17 were planned to be built. Accor Ruixiang's newly signed hotels in China increased by 50% year on year. Its footprint covers 27 countries and regions around the world, including Europe, the Middle East, Africa, Southeast Asia, the Pacific and Greater China.

CICA Security: signed an agreement with Yuanxin Satellite to cooperate strategically in the fields of commercial aerospace and artificial intelligence
1 minute ago

36 Krypton learned that, according to the WeChat message of the security officer of CICA, CICA Security and Shanghai Yuanxin Satellite signed a strategic cooperation agreement. Both sides will follow the strategic focus of the "new infrastructure" of the national satellite Internet and actively invest in the construction and security planning of the satellite Internet. From the perspective of the planning of the cooperation between the two sides: First, CICA Security provides a more comprehensive information security technology guarantee for the reliable and stable operation and long-term development of the future Shanghai Yuanxin Satellite Business Support System, and tamps the integration base; Second, the two sides should work together to explore the establishment of a practical overseas landing cooperation model and organization mode, and expand customer resources and partnerships worldwide; Third, in the field of artificial intelligence, the two sides carried out the overall planning of future oriented data, algorithms, and computing power around the field of large models of artificial intelligence, and jointly explored the construction of artificial intelligence capabilities such as corpus generation, model training, and reasoning applications.

Shenzhen: From January to April, the added value of industries above designated size increased by 12.8% year on year
3 minutes ago

36 Krypton learned that according to the official WeChat news released by Shenzhen, the economic operation of Shenzhen was announced from January to April. From January to April, the added value of industries above designated size in Shenzhen increased by 12.8% year on year, 10.7 percentage points higher than the same period last year. From January to April, the city's fixed asset investment increased by 11.2% year on year. In terms of industries, investment in the secondary industry increased by 66.1% and that in the tertiary industry decreased by 2.7%. Among them, industrial investment grew strongly, up 66.1%. From January to April, the total retail sales of social consumer goods in the city reached 323.485 billion yuan, up 2.3% year on year. From January to April, the total import and export volume of the city was 1410583 million yuan, up 31.8% year on year.

Super long term special treasury bonds were issued, and several insurance institutions "scrambled for tickets" to enter the market
5 minutes ago

Recently, the ultra long term special treasury bonds being issued are not only popular with individual investors, but also the participation of insurance funds, which are the main force of bond allocation, is very active. In the issuance of 20-year and 30-year super long term treasury bonds, many insurance funds have entered the market. "For ultra long term treasury bonds, there may not be any institution that has the strength of our allocation." The head of the fixed income business of an insurance asset management company with a foreign background said, "We have a hard demand. In the annual plan of asset allocation, there are a considerable proportion of fixed bonds to be allocated, and ultra long term special treasury bonds must be one of our choices. On the whole, we will definitely allocate. Whether there is super long term special national debt or not, we will allocate long term debt. " (Securities Times)

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