New Mandala in 2024 – New Mandala

On April 3, US stocks plummeted in response to Donald Trump's announcement of sweeping tariffs, resulting in the Dow Jones Industrial Average dropping 4.0% to 40,545.93 and the S&P 500 closing down 4.8% at 5,396.52 - its worst day since June 2020. The Nasdaq Composite also saw a significant decline, falling 6.0% to 16,550.60, marking its largest one-day drop since March 2020 amidst the COVID-19 pandemic. Full Article

In 2024, the ad industry faced financial challenges, with layoffs and budget cuts impacting agencies. Generative AI adoption was rapid but results were mixed, raising questions about its impact on creativity. The Agency Report Cards for APAC networks showed a concentration of B and C grades, with media agencies performing well and a focus on business growth and innovation. Despite accolades, creative performance was average due to economic factors and industry shifts towards AI. Full...

China Ruyi Holdings, a streaming media firm supported by Tencent Holdings, plans to raise between US$300 million and US$500 million in convertible bonds next week for a potential acquisition. The offering could be launched as early as Monday, with Bank of America, CLSA, Deutsche Bank, Goldman Sachs, and Macquarie working on the deal. Discussions around the acquisition are in early stages and may not be successful, according to sources familiar with the matter. Full Article

Taiwanese company U-Ming Marine Transport, a subsidiary of the Far Eastern Group, is expanding its fleet with 180,000 dwt capesize bulkers from Qingdao Beihai Shipbuilding, to be delivered in 2028 for $75m to $79m each. With nearly 80 ships in its fleet, U-Ming operates in various segments including bulkers, VLCCs, LR1s, cement carriers, and crew transfer vessels, recently adding ultramax bulkers from Oshima Shipbuilding and capes from Hengli Heavy Industry to its roster. Full Article

Andrew Marshall emphasized the importance of net assessment in evaluating long-term state competition, focusing on strengths, weaknesses, opportunities, and vulnerabilities to achieve national security goals. The 2025 Annual Threat Assessment highlights China's "uneven progress" in military capabilities, creating strategic openings for Taiwan to exploit key vulnerabilities in areas like command and control, electronic warfare, and cyber warfare. By targeting PLA weaknesses in communication infrastructure and coordination, Taiwan can enhance deterrence and defense against a potential...

During a recent visit to Shanghai, the writer noticed significant changes post-pandemic, including visa programs, digitalization, and the use of apps like WeChat and Alipay for most transactions. While navigating the city's transformed landscape, the writer encountered challenges with language barriers, payment methods, and transportation options, such as the necessity of using Didi for rides. Despite these obstacles, the writer appreciated the convenience of translation tools within the apps for communication and dining experiences, highlighting...