Imagine your backpack used to be filled with the coolest toys: a button that let you scroll through feeds endlessly, a screen you couldn't stop watching videos on, and a super online mall you could never finish browsing. Over the past decade or so, the adult tech world was like this backpack, ruled by five giant magicians. A shiny sign hung at the gate, reading "FAANG" (Facebook, Apple, Amazon, Netflix, Google). Back then, the dream of all the smartest minds in the universe w

What is the Space Economy and Why is it Important? The space economy refers to commercial activities related to space, including rocket launches, satellite communications (such as Starlink and the Qianfan Constellation), Earth observation, space tourism, AI computing, and resource extraction. Between 2025 and 2026, the global space economy exceeded $470 billion in scale, with commercial activities accounting for nearly 80%. Experts predict that by 2035, it could grow to over

The Federal Reserve (Fed) holds the lifeline of the global economy, and the incoming chair taking on this heavy responsibility may possess personal wealth beyond anyone's imagination. Recently, Kevin Warsh, the nominee for the next Fed Chair, officially submitted his financial disclosure documents. This financial titan, who boasts a Wall Street background and is married to an heiress of the Estée Lauder family, not only possesses sharp investment acumen but has also ventured

By February 2026, global technological competition has entered the era of "Infrastructure Sovereignty." Following the successful IPOs of Zhipu AI and MiniMax on the Hong Kong Stock Exchange, the remaining unlisted giants have become increasingly scarce and powerful. They are no longer merely "startups," but "Quasi-State Entities" that deeply influence national security, economic sovereignty, and cultural export. I. The 2026 List of the Top 10 Most Valuable Unlisted Companie