The first long holiday after the Lunar New Year has passed in the blink of an eye. While chatting with old friends, I suddenly had some reflections — it turns out that trading stocks isn't as 'passionate' as I imagined; it's more like a job with weekends off but no base salary. If you don't keep an eye on it, it doesn't move; if you slack off, it teaches you a lesson. Looking at those bloggers in the circle who are still updating during holidays, the gap is pretty obvious. In short, the difference between amateur and professional lies primarily in execution.
On my journey, from dabbling in cryptocurrencies to trading Hong Kong and US stocks, my biggest takeaway can be summed up in two words: adaptation. You need to adapt your style, adjust your rhythm, and most importantly, manage your risk. The high volatility and leverage tactics common in crypto, if directly applied to Hong Kong and US stock markets, will inevitably lead to losses. On the other hand, being too conservative might cause you to miss opportunities. Thus, you'll notice the market has entered a very delicate phase — some people are starting to 'draw lines with their mouths,' using logic to predict trends, but the price itself keeps proving them wrong. This phase essentially weeds out those with insufficient understanding.
Recently, the market's biggest variables are actually two:Expectations of easing tensions between the US and Iran, and one isThe uncontrollable depreciation of the Japanese yen。
First, let's talk about changes related to geopolitics.
Trump suddenly announced a two-week suspension of military action against Iran and pushed for negotiations to take place in Islamabad. The intention is clear — short-term de-escalation while opening a negotiation window.
If this situation develops positively, potentially affecting traffic through the Strait of Hormuz, then it won’t just be a localized event...
On my journey, from dabbling in cryptocurrencies to trading Hong Kong and US stocks, my biggest takeaway can be summed up in two words: adaptation. You need to adapt your style, adjust your rhythm, and most importantly, manage your risk. The high volatility and leverage tactics common in crypto, if directly applied to Hong Kong and US stock markets, will inevitably lead to losses. On the other hand, being too conservative might cause you to miss opportunities. Thus, you'll notice the market has entered a very delicate phase — some people are starting to 'draw lines with their mouths,' using logic to predict trends, but the price itself keeps proving them wrong. This phase essentially weeds out those with insufficient understanding.
Recently, the market's biggest variables are actually two:Expectations of easing tensions between the US and Iran, and one isThe uncontrollable depreciation of the Japanese yen。
First, let's talk about changes related to geopolitics.
Trump suddenly announced a two-week suspension of military action against Iran and pushed for negotiations to take place in Islamabad. The intention is clear — short-term de-escalation while opening a negotiation window.
If this situation develops positively, potentially affecting traffic through the Strait of Hormuz, then it won’t just be a localized event...
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Just last night, $OSL GROUP (00863.HK)$ the 2025 annual earnings were released, and this morning a friend asked me to analyze the financial report and the logic behind it. Additionally, during the earnings call this morning, their CFO revealed quite a few details about strategic directions. Here, I will provide a simple recap for everyone, which you can refer to as needed.
First, let's look at the core data—this earnings report has indeed exceeded expectations. First, core operating revenue reached HKD 530 million, representing a year-on-year increase of 150.1%. Second, the platform’s total trading volume reached HKD 201.22 billion, surging by 200.7% year-on-year.
However, I’ve always emphasized that when analyzing financial reports, we shouldn’t just focus on surface-level growth rates; instead, we should examine the quality of the revenue structure. What’s most noteworthy in this earnings report is not the trading volume but two key metrics: First, 60% of the trading-related business volume on the platform is driven by 'stablecoins.' Second, 67% of total revenue comes from overseas, with only 33% coming from Hong Kong.
This indicates a fundamental shift: OSL Group is no longer the cryptocurrency exchange that solely relies on retail traders to generate fee income, as traditionally perceived. In essence, they have transformed into a 'global stablecoin payment and trading platform.' The funds currently flowing through the platform are predominantly large-scale corporate funds used for B2B cross-border settlements and treasury management by multinational companies.
To support this transformation, they completed a USD 500 million equity financing round within the year...
First, let's look at the core data—this earnings report has indeed exceeded expectations. First, core operating revenue reached HKD 530 million, representing a year-on-year increase of 150.1%. Second, the platform’s total trading volume reached HKD 201.22 billion, surging by 200.7% year-on-year.
However, I’ve always emphasized that when analyzing financial reports, we shouldn’t just focus on surface-level growth rates; instead, we should examine the quality of the revenue structure. What’s most noteworthy in this earnings report is not the trading volume but two key metrics: First, 60% of the trading-related business volume on the platform is driven by 'stablecoins.' Second, 67% of total revenue comes from overseas, with only 33% coming from Hong Kong.
This indicates a fundamental shift: OSL Group is no longer the cryptocurrency exchange that solely relies on retail traders to generate fee income, as traditionally perceived. In essence, they have transformed into a 'global stablecoin payment and trading platform.' The funds currently flowing through the platform are predominantly large-scale corporate funds used for B2B cross-border settlements and treasury management by multinational companies.
To support this transformation, they completed a USD 500 million equity financing round within the year...
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Columns Is this a rebound rally or a trend reversal? Examining market direction through five key signals
This round of market movement is essentially not about trading war, but about trading ——“whether the worst-case scenario will happen”Over the past month, the market has been pricing in the worst-case scenario: surging oil prices, disrupted shipping, and spillover risks; however, with expectations of easing tensions between the US and Iran, the logic has reversed — the worst may not happen.
Therefore, the current rally is essentially aboutthe retreat of risk premium, rather than a sudden improvement in fundamentals。
$Hang Seng Index (800000.HK)$ $S&P 500 Index (.SPX.US)$ $VIX (LIST91327.US)$ $Hang Seng TECH Index (800700.HK)$ $SPDR Gold ETF (GLD.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$
What exactly is driving this rebound?
The first layer is the recovery of risk appetite. Technology stocks, Hong Kong-listed internet stocks, and growth sectors that were previously hit hardest are now seeing valuation recoveries. The characteristic of such rallies is very clear: they come quickly but may not last long.
The second layer is the change in oil price expectations. If tensions ease, oil prices fall → inflationary pressures decline → interest rate expectations soften. This chain of events forms the medium-term logic supporting the stock market, particularly benefiting growth stocks.
The third layer is the reallocation of capital. Previously, funds had moved into safe-haven assets, but now they are starting to flow back into the stock market. Interestingly, gold remains strong, indicating that the market is still 'half-believing, half-doubting.'
Simply put:Big...
Therefore, the current rally is essentially aboutthe retreat of risk premium, rather than a sudden improvement in fundamentals。
$Hang Seng Index (800000.HK)$ $S&P 500 Index (.SPX.US)$ $VIX (LIST91327.US)$ $Hang Seng TECH Index (800700.HK)$ $SPDR Gold ETF (GLD.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$
What exactly is driving this rebound?
The first layer is the recovery of risk appetite. Technology stocks, Hong Kong-listed internet stocks, and growth sectors that were previously hit hardest are now seeing valuation recoveries. The characteristic of such rallies is very clear: they come quickly but may not last long.
The second layer is the change in oil price expectations. If tensions ease, oil prices fall → inflationary pressures decline → interest rate expectations soften. This chain of events forms the medium-term logic supporting the stock market, particularly benefiting growth stocks.
The third layer is the reallocation of capital. Previously, funds had moved into safe-haven assets, but now they are starting to flow back into the stock market. Interestingly, gold remains strong, indicating that the market is still 'half-believing, half-doubting.'
Simply put:Big...
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1. Main theme: $Tesla (TSLA.US)$ Going all in on AI (instead of selling cars)
Tesla's future valuation will not depend on how many cars it sells, but rather on the scale of its 'AI operations.'
1) Game-changer: Terafab chip plant (the biggest catalyst in the near term)
Scale: Approximately $20 billion
Goal: 1 terawatt (TW) level computing power production capacity
Participants: Tesla + SpaceX + xAI
Logic: Transitioning from 'using chips' → 'making their own chips'
What does it mean?
No longer reliant on supply chains like Taiwan Semiconductor
AI training, autonomous driving, robotics – full end-to-end closed loop
The key point is:
The current global AI computing power is about 20GW, while Tesla's target is at the 1000GW level
To put it simply:This is about capturing the 'oil position' in future AI infrastructure.
2) Robotaxi: Business model restructuring (it’s not about the car, it's about the platform)
Already being tested in Austin (2025)
Multi-city expansion to begin in 2026
Cybercab (without a steering wheel) expected to enter mass production in 2026
Fundamental change:
In the past: earning money once from selling cars
Future: Every vehicle continuously generates revenue (similar to Uber + Airbnb)
Why is the market excited?
Because this is a:Business model close to 'infinite compounding'
3) Optimus: The most easily underestimated game-changer
Currently shifting production line resources to robot manufacturing
Goal: Future scale of 'billions of units'
...
Tesla's future valuation will not depend on how many cars it sells, but rather on the scale of its 'AI operations.'
1) Game-changer: Terafab chip plant (the biggest catalyst in the near term)
Scale: Approximately $20 billion
Goal: 1 terawatt (TW) level computing power production capacity
Participants: Tesla + SpaceX + xAI
Logic: Transitioning from 'using chips' → 'making their own chips'
What does it mean?
No longer reliant on supply chains like Taiwan Semiconductor
AI training, autonomous driving, robotics – full end-to-end closed loop
The key point is:
The current global AI computing power is about 20GW, while Tesla's target is at the 1000GW level
To put it simply:This is about capturing the 'oil position' in future AI infrastructure.
2) Robotaxi: Business model restructuring (it’s not about the car, it's about the platform)
Already being tested in Austin (2025)
Multi-city expansion to begin in 2026
Cybercab (without a steering wheel) expected to enter mass production in 2026
Fundamental change:
In the past: earning money once from selling cars
Future: Every vehicle continuously generates revenue (similar to Uber + Airbnb)
Why is the market excited?
Because this is a:Business model close to 'infinite compounding'
3) Optimus: The most easily underestimated game-changer
Currently shifting production line resources to robot manufacturing
Goal: Future scale of 'billions of units'
...
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One, $XIAOMI-W (01810.HK)$: It looks impressive, but there are significant issues as well
First, let's talk about Xiaomi Group's earnings report. Many people’s first reaction is 'not bad,' but why isn’t the market buying it? The key lies in one sentence:
Revenue increased, but profits fell
The latest data clearly shows:
Q4 revenue exceeded 100 billion yuan, which is not bad at all
But net profit dropped by over 20% year-over-year
This is a classic case of 'having the appearance but lacking substance'.
Smartphone business: Earning profits is getting harder
For stocks like this, if you're optimistic in the long term, can you buy in batches at this point? $Western Digital (WDC.US)$ After memory chip makers raised prices, smartphone manufacturers had little choice but to absorb the costs. But here's the problem:
Rising costs → squeezed profits
Price hike leads to consumers not buying
So the essence of the mobile phone business now is: scale remains, but profitability is weakening
Auto business: it has indeed become a new variable
Xiaomi's automobile business is no longer just a 'story'; it has started influencing the profit structure
Key points:
Automobile revenue accounts for over 20%
Annual operating profit turns positive for the first time
Unit price exceeds 200,000 yuan
compared to $LI AUTO-W (02015.HK)$ Xiaomi initially adopted a strategy of 'mid-to-high-end positioning with cost control'
Add one more advantage:
Marketing expenses are extremely low (mainly relying on Lei Jun's personal IP)
Many people underestimate this, but it actually helps profits significantly
But there is a key point of divergence
The trend of 'Xiaomi making money from cars to subsidize phones' does exist, but one thing to note is:
Cars are now profitable...
First, let's talk about Xiaomi Group's earnings report. Many people’s first reaction is 'not bad,' but why isn’t the market buying it? The key lies in one sentence:
Revenue increased, but profits fell
The latest data clearly shows:
Q4 revenue exceeded 100 billion yuan, which is not bad at all
But net profit dropped by over 20% year-over-year
This is a classic case of 'having the appearance but lacking substance'.
Smartphone business: Earning profits is getting harder
For stocks like this, if you're optimistic in the long term, can you buy in batches at this point? $Western Digital (WDC.US)$ After memory chip makers raised prices, smartphone manufacturers had little choice but to absorb the costs. But here's the problem:
Rising costs → squeezed profits
Price hike leads to consumers not buying
So the essence of the mobile phone business now is: scale remains, but profitability is weakening
Auto business: it has indeed become a new variable
Xiaomi's automobile business is no longer just a 'story'; it has started influencing the profit structure
Key points:
Automobile revenue accounts for over 20%
Annual operating profit turns positive for the first time
Unit price exceeds 200,000 yuan
compared to $LI AUTO-W (02015.HK)$ Xiaomi initially adopted a strategy of 'mid-to-high-end positioning with cost control'
Add one more advantage:
Marketing expenses are extremely low (mainly relying on Lei Jun's personal IP)
Many people underestimate this, but it actually helps profits significantly
But there is a key point of divergence
The trend of 'Xiaomi making money from cars to subsidize phones' does exist, but one thing to note is:
Cars are now profitable...
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On March 20, five new stocks were issued in the Hong Kong stock market, truly a 'celestial battle.' Take a look at the subscription multiples: $HUAYAN ROBOTICS (01021.HK)$271.91 times, $EXTREME VISION (06636.HK)$187.77 times, $DIAGENS-B (02526.HK)$ 25.94 times, $TONGRENTANGCARE (02667.HK)$5.51 times, $EPIWORLD (02726.HK)$7.33 times.
Many newcomers to new stock subscriptions see this and think: 'Wow, robots and general AI concepts are skyrocketing, with such high multiples, no need to think, just go all-in on the top two!'
Hold on! If you want to genuinely make money on the first day and sell at the peak, you absolutely cannot rely solely on surface-level multiples. Today, we'll tear open the packaging and conduct a hardcore comparison of the real selling pressure, chip distribution, and underlying valuation logic of these five companies to see who wants to offload goods onto you and who is truly the 'golden pit' (a bargain opportunity) with both extremely high safety margins and upward potential.
The first account: The callback trap and the direction of smart money, which chip is the most stable?
What retail investors fear most when subscribing to new stocks? Too much street inventory on the first day, leading to a stampede at the opening! Let’s take a look at the real chip distribution:
The 'dumping hazard' behind high multiples (Hua Yan, Extreme Vision): These two companies are following the new Chapter 18C (Specialized Technology) regulations, with only 5% available for initial retail allocation. However, due to their oversubscription...
Many newcomers to new stock subscriptions see this and think: 'Wow, robots and general AI concepts are skyrocketing, with such high multiples, no need to think, just go all-in on the top two!'
Hold on! If you want to genuinely make money on the first day and sell at the peak, you absolutely cannot rely solely on surface-level multiples. Today, we'll tear open the packaging and conduct a hardcore comparison of the real selling pressure, chip distribution, and underlying valuation logic of these five companies to see who wants to offload goods onto you and who is truly the 'golden pit' (a bargain opportunity) with both extremely high safety margins and upward potential.
The first account: The callback trap and the direction of smart money, which chip is the most stable?
What retail investors fear most when subscribing to new stocks? Too much street inventory on the first day, leading to a stampede at the opening! Let’s take a look at the real chip distribution:
The 'dumping hazard' behind high multiples (Hua Yan, Extreme Vision): These two companies are following the new Chapter 18C (Specialized Technology) regulations, with only 5% available for initial retail allocation. However, due to their oversubscription...
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In 2026, the Hong Kong secondary market is completing a valuation restructuring for AI assets.New pricing ruleshave already been thoroughly validated by the secondary market performance of the two leading companies, Zhipu and MiniMax:
Investors are no longer solely chasing conceptual hype; instead, a clear pricing logic has emerged—paying a premium fornative large modelsand assigning a valuation premium forhigh-barrier application scenarioswith certainty.
In terms of market capitalization trends, MiniMax currently has a Reuters-estimated market value of approximately HKD 316.8 billion, while Zhipu’s market value is around HKD 236.3 billion. Both companies, leveraging the technological scarcity and sector popularity of their pure native large models, continue to receive strong investor backing despite being in a loss-making phase.
Looking back at the IPO stage, Zhipu was valued at about HKD 51 billion at its listing, and MiniMax had an estimated valuation of approximately USD 6.5 billion at its IPO. The continued rise in valuation post-listing demonstrates that the Hong Kong stock market is willing to break away from traditional profitability frameworks and adopt an independent valuation system for AI companies with native technology and vertical implementation potential.
At the same time, the market's screening of AI targets is becoming increasingly rational: the general large model track is gradually becoming crowded, and simple model iterations can no longer create differentiated advantages. Targets that combinenative self-developed infrastructure、rigid scenario closed-loopare emerging as the core direction for capital diversion. This is also why I want to talk about $DIAGENS-B (02526.HK)$ , a high-quality target in the medical AI sector.
1. Dexi is not a traditional device manufacturer...
Investors are no longer solely chasing conceptual hype; instead, a clear pricing logic has emerged—paying a premium fornative large modelsand assigning a valuation premium forhigh-barrier application scenarioswith certainty.
In terms of market capitalization trends, MiniMax currently has a Reuters-estimated market value of approximately HKD 316.8 billion, while Zhipu’s market value is around HKD 236.3 billion. Both companies, leveraging the technological scarcity and sector popularity of their pure native large models, continue to receive strong investor backing despite being in a loss-making phase.
Looking back at the IPO stage, Zhipu was valued at about HKD 51 billion at its listing, and MiniMax had an estimated valuation of approximately USD 6.5 billion at its IPO. The continued rise in valuation post-listing demonstrates that the Hong Kong stock market is willing to break away from traditional profitability frameworks and adopt an independent valuation system for AI companies with native technology and vertical implementation potential.
At the same time, the market's screening of AI targets is becoming increasingly rational: the general large model track is gradually becoming crowded, and simple model iterations can no longer create differentiated advantages. Targets that combinenative self-developed infrastructure、rigid scenario closed-loopare emerging as the core direction for capital diversion. This is also why I want to talk about $DIAGENS-B (02526.HK)$ , a high-quality target in the medical AI sector.
1. Dexi is not a traditional device manufacturer...
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Recently, the market for Bitcoin has transitioned from a favorable phase into a hardcore game of strategic competition.
Here’s the core logic explained: this round of Bitcoin's movement is no longer just driven by retail investor sentiment; it has completely entered a macro and institution-led cycle.
1. Macroeconomic Environment: Liquidity is no longer 'unilaterally loose.'
The big moves in Bitcoin over the past two years were fundamentally driven by two factors:
Global liquidity injection (rate cut expectations + fiscal expansion)
Strengthening of the 'digital gold' narrative
But in 2026, the situation has clearly changed:
Interest rates remain high → rising cost of capital
Pressure on risky assets overall → synchronized volatility in US stocks and crypto
Marginal weakening of incremental funds
The result is straightforward: Bitcoin movedfrom a 'capital-driven' phase to a 'stock competition' phase
This is also why — despite positive narratives, prices still experienced a pullback of around 30%
Second, changes in market structure: institutions have become the 'biggest variable'
The most critical change in this cycle is:
Institutions are no longer marginal buyers but holders of existing positions
A typical example is — $Strategy (MSTR.US)$
Some key facts at present:
Holding over 700,000 BTC
Average cost is approximately $75,000 to $76,000
Once facing floating losses of tens of billions of dollars
Some may even need to raise financing costs to continue buying cryptocurrencies
What does this mean?
The market is starting to shift from 'institutional buying driving the rally' to a game of 'whether institutions will be forced to sell'
This is the most central uncertainty in the current market.
Three, MSTR: Place...
Here’s the core logic explained: this round of Bitcoin's movement is no longer just driven by retail investor sentiment; it has completely entered a macro and institution-led cycle.
1. Macroeconomic Environment: Liquidity is no longer 'unilaterally loose.'
The big moves in Bitcoin over the past two years were fundamentally driven by two factors:
Global liquidity injection (rate cut expectations + fiscal expansion)
Strengthening of the 'digital gold' narrative
But in 2026, the situation has clearly changed:
Interest rates remain high → rising cost of capital
Pressure on risky assets overall → synchronized volatility in US stocks and crypto
Marginal weakening of incremental funds
The result is straightforward: Bitcoin movedfrom a 'capital-driven' phase to a 'stock competition' phase
This is also why — despite positive narratives, prices still experienced a pullback of around 30%
Second, changes in market structure: institutions have become the 'biggest variable'
The most critical change in this cycle is:
Institutions are no longer marginal buyers but holders of existing positions
A typical example is — $Strategy (MSTR.US)$
Some key facts at present:
Holding over 700,000 BTC
Average cost is approximately $75,000 to $76,000
Once facing floating losses of tens of billions of dollars
Some may even need to raise financing costs to continue buying cryptocurrencies
What does this mean?
The market is starting to shift from 'institutional buying driving the rally' to a game of 'whether institutions will be forced to sell'
This is the most central uncertainty in the current market.
Three, MSTR: Place...
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On March 8, 2026, Zhejiang Galaxis Technology Group Co., Ltd. passed the main board listing hearing of the Hong Kong Stock Exchange, aiming to become the 'first full-stack intelligent on-site logistics robot stock.'
Why do I think that Galaxis is the 'Chinese version of Symbotic'?
After years of deep involvement in US stocks, if there's one thing I've learned from investing in the US market, it’s identifying companies with disruptive potential. When researching Galaxis, this sense of familiarity came rushing back: $Zhejiang Galaxis Technology Group Co., Ltd (810807.HK)$ , which is essentially the Chinese version of $Symbotic (SYM.US)$ . Its technological development path closely resembles that of Symbotic, the benchmark company in the global warehouse automation field, whose 'multi-fold' leap after going public in the US market also sets high expectations for Galaxis Technology’s market performance.
Since its IPO, Symbotic's stock price has surged nearly ninefold at its peak. In 2025, its share price skyrocketed in a 'rocket-like' surge, with cumulative gains exceeding 400% within just a few months, climbing from lows to an all-time high. The highest single-day increase was over 56.17%, far outpacing the broader US stock market and the logistics automation sector during the same period. Obvious signs of capital rushing in have made it one of the most astonishing gainers in global capital markets.
Symbotic was originally founded by Rick Cohen, chairman of C&S Wholesale Grocers, the largest food and grocery wholesaler in the US...
Why do I think that Galaxis is the 'Chinese version of Symbotic'?
After years of deep involvement in US stocks, if there's one thing I've learned from investing in the US market, it’s identifying companies with disruptive potential. When researching Galaxis, this sense of familiarity came rushing back: $Zhejiang Galaxis Technology Group Co., Ltd (810807.HK)$ , which is essentially the Chinese version of $Symbotic (SYM.US)$ . Its technological development path closely resembles that of Symbotic, the benchmark company in the global warehouse automation field, whose 'multi-fold' leap after going public in the US market also sets high expectations for Galaxis Technology’s market performance.
Since its IPO, Symbotic's stock price has surged nearly ninefold at its peak. In 2025, its share price skyrocketed in a 'rocket-like' surge, with cumulative gains exceeding 400% within just a few months, climbing from lows to an all-time high. The highest single-day increase was over 56.17%, far outpacing the broader US stock market and the logistics automation sector during the same period. Obvious signs of capital rushing in have made it one of the most astonishing gainers in global capital markets.
Symbotic was originally founded by Rick Cohen, chairman of C&S Wholesale Grocers, the largest food and grocery wholesaler in the US...
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On March 8, 2026, Zhejiang Galaxis Technology Group Co., Ltd. passed the main board listing hearing of the Hong Kong Stock Exchange, aiming to become the 'first full-stack intelligent on-site logistics robot stock.'
Why do I think Galaxis is the Chinese versionof Symbotic?
Having been deeply involved in US stocks for many years, if there's one thing I've learned from investing in US equities, it’s how to identify companies with disruptive potential. When researching Galaxis, a sense of familiarity hit me immediately: $Zhejiang Galaxis Technology Group Co., Ltd (810807.HK)$ , which is essentially the Chinese version $Symbotic (SYM.US)$ . Its technological development path closely resembles that of Symbotic, the benchmark company in the global warehouse automation field, whose 'multi-fold' leap after going public in the US market also sets high expectations for Galaxis Technology’s market performance.
Since its IPO, Symbotic's stock price has surged nearly ninefold at its peak. In 2025, its share price skyrocketed in a 'rocket-like' surge, with cumulative gains exceeding 400% within just a few months, climbing from lows to an all-time high. The highest single-day increase was over 56.17%, far outpacing the broader US stock market and the logistics automation sector during the same period. Obvious signs of capital rushing in have made it one of the most astonishing gainers in global capital markets.
Symbotic was originally part of a traditional industry – founded by Rick, chairman of C&S Wholesale Grocers, the largest grocery wholesaler in the United States...
Why do I think Galaxis is the Chinese versionof Symbotic?
Having been deeply involved in US stocks for many years, if there's one thing I've learned from investing in US equities, it’s how to identify companies with disruptive potential. When researching Galaxis, a sense of familiarity hit me immediately: $Zhejiang Galaxis Technology Group Co., Ltd (810807.HK)$ , which is essentially the Chinese version $Symbotic (SYM.US)$ . Its technological development path closely resembles that of Symbotic, the benchmark company in the global warehouse automation field, whose 'multi-fold' leap after going public in the US market also sets high expectations for Galaxis Technology’s market performance.
Since its IPO, Symbotic's stock price has surged nearly ninefold at its peak. In 2025, its share price skyrocketed in a 'rocket-like' surge, with cumulative gains exceeding 400% within just a few months, climbing from lows to an all-time high. The highest single-day increase was over 56.17%, far outpacing the broader US stock market and the logistics automation sector during the same period. Obvious signs of capital rushing in have made it one of the most astonishing gainers in global capital markets.
Symbotic was originally part of a traditional industry – founded by Rick, chairman of C&S Wholesale Grocers, the largest grocery wholesaler in the United States...
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