Hao HONG 洪灝, CFA(@HAOHONG_CFA):The SpaceX $SPCX IPO is all the rage. But a little-known Chinese snack food company that makes preserved prunes debuted yesterday and soared 130%, handily beating SPCX —— all because the initials of the company’s name in pinyin are “LLM” 溜溜梅 … Chinese retail investors then went all-in for this “AI” stock. This is how easy it is to make money these days. Back in 2000, you still needed to add “.com” your company name. Now, as long as it sounds like “AI”, that would do.

Hao HONG 洪灝, CFA

@HAOHONG_CFA

Person of the Year-Bloomberg BW;3xChina’s Most Influential Economist;3xEconomist of the Year-Asia Private Banker;“The man called China’s boom & bust”-Bloomberg

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Hao HONG 洪灝, CFA@HAOHONG_CFA

2026.06.17 01:17

The SpaceX $SPCX IPO is all the rage. But a little-known Chinese snack food company that makes preserved prunes debuted yesterday and soared 130%, handily beating SPCX —— all because the initials of the company’s name in pinyin are “LLM” 溜溜梅 … Chinese retail investors then went all-in for this “AI” stock. This is how easy it is to make money these days. Back in 2000, you still needed to add “.com” your company name. Now, as long as it sounds like “AI”, that would do.