From TradeBriefs CEO Picks <[email protected]>
Subject How Temu's semi-managed model could change everything
Date May 29, 2024 5:59 AM
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CEO Picks - The best that international journalism has to offer!

S1

How Temu's semi-managed model could change everything
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When we started writing about Temu one and a half years ago, few
people were paying attention to the new Chinese webshop. How have
times changed? In the past few months, we have been getting weekly
interview requests about the topic. The world has woken up to
Pinduoduo’s cross-border e-commerce platform.

Still, we notice that there is a lot of misunderstanding about Temu in
the mainstream press, and many reporters are not well-informed about
its parent company, Pinduoduo. And that’s where the danger lies
because we see the same dismissal of Temu’s platform as when
Pinduoduo launched in China. Eight years later, Pinduoduo, arguably
China’s second-largest e-commerce company, has conquered significant
market share from Alibaba. In recent years, Alibaba and JD have tried
launching Pinduoduo clones like Taote and Jingxi with little success.
In 2023, these giants started focusing on offering inexpensive goods
on their main platforms. As they say in China: ‘First they laughed
at Pinduoduo, then they studied Pinduoduo, now they want to be
Pinduoduo’. 

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S2

Could dreams during anaesthesia help to heal life's trauma? | Psyche
Ideas
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is a staff writer at Psyche. Her science journalism has appeared in
Vice, The New York Times and Wired, among others. She lives in
Brooklyn, New York.

After her son’s death, 59-year-old Mare Lucas often woke up
screaming. In her dreams, she would see her son Zane, and then slowly
realise that he was gone. ‘I would start reliving the shock that I
went into when he died,’ she says.

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S3

Startup leadership wisdom: From "hands-on humility" to trusting your
gut
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Sujal Patel is the co-founder and CEO of Nautilus Biotechnology, a
life sciences company on a mission to properly understand proteins.
Unpacking the devilishly complex proteome carries the golden promise
of a revolution in drug development, and demands a synthesis of
vision, leadership, and entrepreneurial courage that Patel is uniquely
placed to deliver.

His track record is impressive: In 2001 he founded data storage
company Isilon Systems, which was sold after little more than a decade
to EMC (since acquired by Dell) for $2.25 billion. He is no stranger
to investment, having backed upward of 85 startups, and is a strategic
director at Madrona Venture Group. He also holds a generous fistful of
patents.

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S4

The Top 5 Challenges to Trust-Building
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In teamwork, if there is no trust, there is no growth. Trust is a key
element in the most effective teams. When everyone is on the same
page, collaboration is easy and businesses thrive. At Opkalla, we hold
trust as one of our foundational values, recognizing its importance
not only within our team, but also in our customer relationships.
Trust forms the cornerstone of our interactions, fostering an
environment where transparency, honesty, and reliability flourish.

Open communication is key in all human relationships, and for work
teams. Without it, people often misunderstand each other, and this can
lead to mistrust. The main problem with not having open communication
is that small issues can become bigger problems in people's minds.
Instead of hashing out any issue, resentment can grow over a
misunderstanding.

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S5

Anduril Is Building Out the Pentagon's Dream of Deadly Drone Swarms
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When Palmer Luckey cofounded the defense startup Anduril in 2017,
three years after selling his virtual reality startup Oculus to
Facebook, the idea of a twentysomething from the tech industry
challenging the giant contractors that build fighter jets, tanks, and
warships for the US military seemed somewhat far-fetched. Seven years
on, Luckey is showing that Anduril can not only compete with those
contractorsâÂÂit can win.

Last month, Anduril was one of two companies, along with the
established defense contractor General Atomics, chosen to prototype a
new kind of autonomous fighter jet called the Collaborative Combat
Aircraft, or CCA, for the US Air Force and Navy. Anduril was chosen
ahead of a pack of what Beltway lingo dubs âÂÂdefense
primesâÂÂâÂÂBoeing, Lockheed Martin, and Northrop Grumman.

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S6

5 Characteristics of Stress-Resilient People (and How to Develop Them)
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It’s not unusual for our stress levels to spike during career
transitions like moving from school into the workforce, taking on a
new role, or switching fields. Even when we know high stress is a part
of the job and understand it will be temporary, our stress can become
debilitating if we lack the tools to manage it. Here are the top five
characteristics and behaviors stress-resilient leaders practice, along
with tips for how to develop each one.

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S7

A small number of ‘superspreaders’ are propagating most of the
misinformation on Twitter, study finds | Business Insider India
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Building on our understanding on the spread of misinformation on
social media, a team of analysts at Indiana University has now
discovered that it takes only a few influencers to shift the beliefs
and opinions of large audiences. The researchers describe these
propagators as “superspreaders”, much like the superspreaders
identified during the COVID-19 pandemic.

Continued here
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S8

COVID-19 pandemic caused global life expectancy to fall back to 2012
levels, erasing a decade’s worth of progress: WHO | Business Insider
India
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The far-reaching consequences of the COVID-19 pandemic have reshaped
humanity’s future in ways we are only beginning to understand. This
global health crisis didn’t just disrupt lives—it also shattered
nearly a decade of global health progress, a startling new report by
the World Health Organisation (WHO) has revealed. The report also
underscores the uneven impact of the pandemic across different
regions.

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S9

What A Rembrandt Can Teach you about Software and Programmers
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Suppose you visit an art museum and walk up to a painting. I say “Ah
ha! I see you’re admiring some powdered pigments, mixed with oil and
smeared onto what appears to be a canvas panel.” You say “No, you
moron. I’m admiring a Rembrandt.” Good. You’re three-quarters of
the way towards a deep understanding of software.

Both are necessary to the finished product. But they are unequally
decisive to its character. If Rembrandt had (while trying to shake out
a tablecloth) accidentally chucked his favorite paint set into a canal
on the very morning he was destined to make our painting; if he’d
accordingly been forced to go down to the basement and hunt up another
set—the finished product would be the same. But if he’d altered
his mind-plan—the disembodied painting—before setting to work, our
finished painting would obviously have been different.

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S10

Agnes Martin on The Secret of Happiness
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Before you train yourself to stop thinking … I don’t believe what
the intellectuals put out. The intellectuals discover one fact and
then another fact and then another and they say from all these facts
we can deduce so-and-so. No good. That’s just a bad guess. Nothing
can come but inaccuracy.

The last point is perhaps the most important. This one strikes at the
heart of today’s culture and into the value of an empty mind —
free from busyness and distractions. Martin believes that when you
have an empty mind, you can see things when they come into it. Imagine
the freedom of an empty mind — one not bound by to-do lists,
meetings, work and the other muck we dump into it. When the mind is
full our attention revolves around the meaningless. And yet attention
is perhaps the most valuable thing we have.

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S11

The mounting strains on global shipping - FT (No paywall)
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Pirate attacks, Middle East instability and drought are causing
disruption and congestion at the world’s ports

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S12

The cult of Costco: How one of America’s biggest retailers
methodically turns casual shoppers into fanatics - Fortune (No
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There's method to the madness in those confusing warehouses.

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S13

Is It Time to Start Worrying About an Eruption at the Campi Flegrei?
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One of the most active calderas on Earth is showing increasing signs
of restlessness. Does this mean we need to be worried about an
eruption? The answer right now is ... maybe?

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S14

My 8-Year-Old Is Obsessed With "Optimizing" her life. Oh God.
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Shouldn't that be my job?

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S15

How This 92-Year-Old Became One Of America’s Top Money Managers -
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At 52, Joan Payden quit her job and emptied her 401(k) to strike out
on her own. Four decades later, she still handles investments for
wealthy clients—and is one of America's richest self-made women.

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S16

Why young men and women are drifting apart - The Economist (No
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Diverging worldviews could affect politics, families and more

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S17

The Richest Person In Every State 2024 - Forbes (No paywall)
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Cross country moves, skyrocketing stocks and a new fast food
billionaire shake up the ranks of the states' richest. Find out
who’s in and who’s out.

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S18

5 Myths Expats Believe About Local Employees
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Corporate employees undertaking expatriate assignments rely on support
from local employees. This dynamic is underappreciated and
understudied. Both individuals and their employers will benefit if
people understand and correct the mythology that’s grown up around
the vital role local employees play.

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S19

Inflation and the Housing Market | Susan Wachter
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Professor Susan Wachter looks at ongoing issues in the housing market
and how they connect to inflation.

Wharton real estate professor Susan Wachter talks about rising housing
prices and affordability issues, and what can help bring the housing
market back into alignment in the next few years. This episode is part
of a series on “Real Estate.”

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S20

Who Will Survive a Shakeout in the Electric Vehicle Market?
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The edge goes to vertically integrated EV makers like Tesla and
China’s BYD, along with legacy automakers and well-funded startups,
according to Wharton’s John Paul MacDuffie.

The ongoing deceleration in demand for electric vehicles is an early
warning signal of a shakeout in the nascent industry, according to
Wharton management professor John Paul MacDuffie, who is also director
of Wharton’s Program on Vehicle and Mobility Innovation. EV leader
Tesla is laying off more than a tenth of its global workforce, and
other manufacturers like Lucid and Rivian have reported losses.
Government subsidies have helped cushion those impacts, and more
support by way of higher tariffs on imported EVs is on the way.

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S21

Better Decisions with Data: Asking the Right Question
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In this Nano Tool for Leaders, Stefano Puntoni and Bart De Langhe,
authors of "Decision-Driven Analytics," explain how to get the most
out of your data.

Nano Tools for Leaders®  — a collaboration between Wharton
Executive Education and Wharton’s Center for Leadership and Change
Management — are fast, effective tools that you can learn and start
using in less than 15 minutes, with the potential to significantly
impact your success and the engagement and productivity of the people
you lead.

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S22

Why Representation Matters in Marketing
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Do TV commercials featuring diverse actors help increase sales?
Wharton’s Zhenling Jiang tests this idea in her latest study on
mortgage ads.

Marketing to minority consumers has been around since the 1950s, when
advertising agencies realized the untapped potential in Black
consumers who were the second-largest racial group at the time.
Advertising has come a long way since then, and so has the emphasis on
diversity, equity, and inclusion (DEI). The result is a wider variety
of ads that feature minority actors, models, and celebrities enticing
minority consumers to buy. But does representation make a difference?

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S23

The problem with being "too nice" at work
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Are you "too nice" at work? Social psychologist Tessa West shares her
research on how people attempt to mask anxiety with overly polite
feedback — a practice that's more harmful than helpful — and gives
three tips to swap generic, unhelpful observations with clear,
consistent feedback, even when you feel awkward.Continued here
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S24

Dinosaurs needed to be cold enough that being warm-blooded mattered
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Dinosaurs were once assumed to have been ectothermic, or cold-blooded,
an idea that makes sense given that they were reptiles. While
scientists had previously discovered evidence of dinosaur species that
were warm-blooded, though what could have triggered this adaptation
remained unknown. A team of researchers now think that dinosaurs that
already had some cold tolerance evolved endothermy, or
warm-bloodedness, to adapt when they migrated to regions with cooler
temperatures. They also think they’ve found a possible reason for
the trek.

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S25

Neuralink rival sets brain-chip record with 4,096 electrodes on human
brain [[link removed]}&lead=419599&emailid=6972&nl=daily]  
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Brain-computer interface company Precision Neuroscience says that it
has set a new world record for the number of neuron-tapping electrodes
placed on a living human's brain—4,096, surpassing the previous
record of 2,048 set last year, according to an announcement from the
company on Tuesday.

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S26

The Woman Who Made America Take Cookbooks Seriously
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Judith Jones edited culinary greats such as Julia Child and Edna
Lewisâand identified the pleasure at the core of traditional "women's
work."

In the summer of 1948, a young American, a Bennington College graduate
visiting Paris, lost her purse in the Jardin des Tuileries. Inside it
were her passport and ticket home. Many travelers in her situation
would panic. She decided it was a sign that she wasn't meant to leave
France. She quit her job at Doubleday, then the biggest publisher in
New York, and moved into a friend's aunt's apartment, where she
launched a clandestine supper club to support herself. Perhaps she'd
"open a small restaurant," she wrote to her horrified parents. In
another letter, she reassured her father that although she knew she'd
made a risky choice, "one has to take chances and there are many
advantages to be had. Anyway, I am an adventurous girl."

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S27

Amazon Returns Have Gone to Hell
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After ordering two packs of 11-inch, rope-woven storage cubes from
Amazon.com recently, I found that the resulting cubes were, in fact,
11-by-10.5-by-10.5 inches. Alas, they weren't what I expected. I
elected to return both sets.

Thus began the latest of my ill-fated journeys through logistics at
what strives to be "Earth's most customer-centric company." The system
promised to be easy: First I'd set up the return within the Amazon
app, then scan the QR code it gave me at a self-serve kiosk in my
local (Amazon-owned) Whole Foods Market store. After that, I'd simply
load my items into a proffered poly bag, print off a mailing label,
and drop the package in a chute that the kiosk would unlock for me.

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S28

Is America Ready for 'Degrowth Communism'?
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Kohei Saito's theory of how to solve climate change is economically
dubious and politically impossible. Why is it so popular?

Kohei Saito knows he sounds like a madman. That's kind of the point,
the Japanese philosopher told me during a recent visit to New York
City. "Maybe, then, people get shocked," he said. "What's this crazy
guy saying?"

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S29

Trump Has a New Plan to Deal With Campus Protests
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Speaking to donors earlier this month, former President Donald Trump
laid out his plan for dealing with campus protests: Just deport the
protesters.

"One thing I do is, any student that protests, I throw them out of the
country. You know, there are a lot of foreign students. As soon as
they hear that, they're going to behave," the presumptive Republican
nominee for president said on May 14, according to The Washington
Post.

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S30

A Chilling Effect of Louisiana's Abortion Law
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This is an edition of The Atlantic Daily, a newsletter that guides you
through the biggest stories of the day, helps you discover new ideas,
and recommends the best in culture. Sign up for it here.

Louisiana just became the first state to reclassify abortion pills as
controlled dangerous substances. The law may signal a new strategy to
curb reproductive-health-care access in post-Roe America.

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S31

Imperiled Eagles Are Altering Their Migration Routes to Avoid the War
in Ukraine
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Researchers found that greater spotted eagles migrated longer
distances and made fewer rest stops following Russia’s invasion of
Ukraine in 2022, compared to previous years

Greater spotted eagles—large, dark brown raptors that live in
Europe, Asia and Africa—are “extremely rare.” Fewer than 10,000
individuals are estimated to exist worldwide, and the International
Union for Conservation of Nature classifies them as a vulnerable
species with a declining population. The eagles have almost entirely
disappeared from Western Europe, and now, according to a study
published in Current Biology last week, they have another threat to
contend with: the war in Ukraine, which is altering the birds’
migratory journeys.

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S32

New Device Delivers Electric Pulses to Help Patients Regain Movement
After Spinal Cord Injuries
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Alongside physical therapy, the electric stimulation helped patients
with tetraplegia improve mobility in their arms and hands in a small
trial

An experimental medical device called Arc-Ex, which stimulates a
patient’s spinal nerves with electric pulses, appeared to
incrementally improve arm and hand function in a small trial of
patients with tetraplegia—a condition in which one is partially or
totally paralyzed from the neck down.

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S33

The Higgs boson's most captivating puzzle still remains
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In some ways, the deepest question one can ask about our physical
reality is simply, “What is the Universe made of?” In the early
1800s, we thought we knew the answer: atoms. By the early 1900s, the
answer had grown much richer: atoms themselves were composed of atomic
nuclei and electrons, which were capable of both emitting and
absorbing photons: particles of light. However, it was the 1932
discovery of the neutron — along with the puzzle of radioactive beta
decay — that would kick off the series of events that led to our
modern theoretical picture of particles in the Universe: the Standard
Model of elementary particles, including quarks, leptons, and all of
the force-carrying bosons.

Even though the last of the undiscovered particles of the Standard
Model was finally found in 2012 with the announcement of the Higgs
boson, our understanding of what the Universe is made of is still not
complete. From a different perspective, we still don’t know:

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S34

Baltoscandia: The geopolitical ghost that may just have a future
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You’ve probably never heard of Baltoscandia. It sounds like a
made-up country, and that’s because it is a made-up country. But
even without a government, a flag, and most other trappings of actual
nationhood, Baltoscandia has a history, a raison d’être, and
perhaps even a future.

As the name suggests, and the Euler diagram illustrates, Baltoscandia
is a mashup of the three Baltic states (Lithuania, Latvia, and
Estonia) with the three Scandinavian ones (Denmark, Sweden, Norway),
plus Finland.

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S35

Event Strategies for Asian American Markets
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Events can be a game-changer when it comes to connecting brands with
the community, but it's crucial to approach the event planning process
with cultural sensitivity and a genuine understanding. During the last
few years, we have seen an increase in brands tapping into events to
engage with the Asian American market.

One key mistake we often see when brands implement events marketing to
Asian Americans is that they keep playing to stereotypes and don't
consider the impact that cultural nuances can have on the audience.
Brands fail to establish a physical presence within the community and
can be perceived as opportunistic instead of having a genuine
intention to develop a relationship with the community.

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