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Rui Ma 马睿

@ruima

1 Sep

I'm honestly surprised by how many parents (Western & Chinese) are supportive of the gaming restrictions on minors. I guess? I did play 000s of hours of Diablo2, Everquest, Starcraft in college. It was mostly during my year off & was lucky I didn't flunk out! But then again ...

surely I would've done better in school if it was more tied to my interests (which was a lot of videogaming, at the time). That was even subject of my TEDx talk where I said if the Berkeley CS class where you program a bot to play SC existed in my time, I would've studied more!!

Not a parent yet but looking at how much Dota2 my husband continues to play (& watch streams for) I'm pretty sure in this household the rule when we have kids isn't going to have 3hrs as upper bound. What was wrong w the an hour a day rule?

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Rui Ma 马睿

@ruima

25 Aug

I often get asked how good does your Chinese need to be in order to do business in China.
Well, here's my experience.
Technically, I only finished 3rd grade in China (& realistically only 2.5, since it took half a year to do passports visas etc. I was barely in class.)

By third grade, you should know 2500 commonly used characters (1800 by second). There are *only* 3500 commonly used characters in Chinese, covering 99.48% of popular media. You would get that for sure by grade 9. If you like to read like me, then you can reach it much earlier.

I never went to Chinese school after I immigrated and no one taught me Chinese. It's not hard IF you have the basics and the interest. But I'd say if you have a third grade literacy level, you can do business. You can read contracts, even draft some, write memos, etc. Really.

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Rui Ma 马睿

@ruima

5 Aug

Highlight of this summer so far was yesterday (7 hours!) spent listening to Peter Kaufman, CEO of Glenair & editor of Poor Charlie's Almanac on life & business. Many of you are already very familiar with Uncle Peter's teachings, but I still want to share a few learnings.

Uncle Peter talked about the importance of hobbies. In fact it is the 7th rung of his Ladder of Balance:
1. health & fitness
2. family
3. friends
4. career
5. community
6. spirituality
7. hobbies

Paradoxically, being all in on balance gives you best results on any one rung.

I have found that to be true as I've become more balanced in my endeavors over time. There's no going back and making up for lost relationships, and a lot of valuable skills take patience to acquire.

PATIENCE, another Uncle Peter emphasis. I am definitely working on it 🙂

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Rui Ma 马睿

@ruima

2 Aug

Short 🧵 on China’s “new” strategy of focusing on manufacturing. I quoted before CHEN Li, chief economist at Soochow Securities, whose speech on this went viral. He had said China going Germany path vs. US. Here’s his evidence for saying so:

1. 2021 Central Political Bureau meeting, the government work report meeting, specifically proposed that the proportion of manufacturing in GDP will no longer decline.

2. In the past nine months, almost all occasions in China have eliminated the statement that "the proportion of service industry should be increased" and "stimulate the development of tertiary industry".

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Rui Ma 马睿

@ruima

29 Jul

The takes that Chinese tech cos now going into manufacturing upgrade / industrial internet / B2B bc you know, the govt said so, are so damn ignorant.

I remember giving interviews to Chinese tech media on B2B prospects in 2015 and saying "maybe this is finally the year."

Actually, just go google, 2015 widely considered first year in China that cloud, B2B platforms, supply chain finance, smart manufacturing, etc. you know, all the things that go into this "industrial internet" concept, became a thing. Numerous funds were raised on this concept.

And now, as folks have been working on these biz and investing in them for like SIX YRS (at least, it just wasn't as popular pre 2015), just cuz now it's in the English news, doesn't mean it's NEW. Doesn't mean everyone's coerced to by the govt. Ridiculous take.

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Rui Ma 马睿

@ruima

28 Jul

Alibaba CEO letter today wrote about it becoming "consumer + industrial internet" together. You probably recognize "industrial internet" from Tencent, who's made this a big direction since 2018, even wrote a book on it in 2020. But what is industrial internet?

Apparently it was coined by Frost & Sullivan in 2000. In 2014 ish I notice it's starting to be a popular word but mostly referring to IoT (sometimes still does). It becomes REALLY popular by 2017, and of course by 2019 it's pretty much ubiquitous. It includes a lot of things:

- B2B marketplaces, not just of goods but also info
- credit & financing platforms for businesses
- any kind of smart manufacturing / agriculture
- I see folks include logistics, payments too
Honestly, kinda broad, but basically tech "connecting sector value chains," so non B2C🤷‍♀️

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