☕️ Good morning, friends,

With a lovely little story to send you into the weekend:
A young Japanese man was teased since childhood for his extremely long chin.

His response: turn necessity into a virtue. He’s now the YouTuber known for “the longest chin in the world,” and his community is celebrating him for it.

Check it out for yourself. You’ve definitely never seen a chin this long…

BENCHMARKS

NUMBERS

350%

Pop Mart expects profit to surge in the first half of 2025, with revenue set to climb more than 200%, fueled by rapid international growth.

11.4 billion USD

That’s the total capital committed so far to the new Asia-focused buyout fund of Swedish global Investor EQT.

1 billion USD

That’s Mitsubishi’s significant investment to become the world's second-largest salmon producer.

TOP BIT

🚘 Tesla Stretches Model Y and Seeks New Markets

Tesla has registered a long-wheelbase version of the Model Y in China featuring six seats and a 3,040 mm wheelbase, and announced it on Weibo for this autumn. At the same time, the company is opening its first showroom in Mumbai and negotiating a factory in India, while Musk battles weak sales, layoffs, and political headwinds in Europe and the US.

The Details

🚙 Model Premiere: The Model Y L will be roughly 18 cm longer, offer three rows of seats, and—according to ministry documents—is slated to roll onto Chinese roads this autumn.

🇮🇳 India Remains a Luxury Market: In Mumbai, the same model line starts at around $70,000, more than double the price in China, clearly aimed at premium customers.

📉 Sales Slump: Global deliveries fell by 13 % in the last quarter; low-cost Chinese competition is squeezing Europe, and high interest rates are weighing on the US.

🏭 Grünheide Frustration: The German factory has idled shifts, unions are recruiting members, and politicians warn of further job cuts.

💸 Capital Needs: Musk is counting on fresh profits from China and India to finance costly Robotaxi plans and US plant upgrades.

Why It Matters

• Market Rotation: China and India could offset declines in Tesla’s core markets and drive new volume.
  

• Pricing Strategy: The six-seater taps into a higher price bracket without a fully new model, boosting per-vehicle margins.
  

• Competitive Pressure: Asian expansion counters BYD and Mahindra, signaling confidence to investors after turbulent quarters.

Background

The Model Y has been Tesla’s bestseller since 2023. The company now plans to stretch it—literally—to accommodate family-oriented buyers.

Meanwhile, India entices with low labor and energy costs plus Modi’s e-mobility quotas. In Europe, demand is softening, and software updates combined with Robotaxi delays are denting Tesla’s image. Musk is therefore betting on diversifying production sites and model variants to reignite growth.

📊 All Data & Details: SCMP, Reuters, Handelsblatt

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In short: GENUINE delivers where others merely promise.

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HEAD OF THE DAY
🇨🇳 Cai Haoyu

🤖 From Code Nerd to Anime Icon: He founded miHoYo in 2011. His open world game Genshin Impact earned over 5 billion dollars by 2024. In 2023 he stepped down as chairman but remains on board as the creative mind. His success formula is based on vibrant anime visuals and compelling character stories that thrill fans worldwide.

👉 Lesson learned: Whoever teams up their coding skills with AI as a co-pilot will ignite creative rockets and stay agile even in headwinds, just like Cai, who grasped AI’s potential and put it into practice.

MARKET BIT
💹 Profit Surge at TSMC: +60% Thanks to AI Chip Boom

Details

💹 Profit jump: TSMC reports a Q2 net profit of about $13.5 billion, roughly 60 % more than a year ago—its fifth consecutive quarter of double-digit growth.

🚀 AI boom driver: Nvidia, Apple & Co. are ordering ever more high-performance chips; TSMC has raised its annual revenue-growth target to around +30 % and expects up to 40 % higher shipments this quarter.

🏗️ Plant push: Up to $42 billion will be invested in new fabs in Arizona, Japan, and Taiwan in 2025; an additional $100 billion US investment package remains in the works.

⚖️ Potential headwinds: A strong Taiwan dollar and possible US tariffs could drag gross margins down from 58.6 % to about 56 % in 2025.

Why It Matters

• Backbone of the AI revolution: Without TSMC’s cutting-edge processes, there wouldn’t be enough Nvidia GPUs or Apple M-Chips to meet demand.
  

• Tech-cycle barometer: Such a bullish outlook signals that global hunger for computing power shows no signs of slowing.
  

• Trade-policy litmus test: Threatened semiconductor tariffs underscore how swiftly political moves can inflate supply-chain costs—with knock-on effects for devices and cloud services.

👉🏻 Full story: Nikkei, CNBC

TOP READS

💰 First CNY-based Crypto MMF Launch: ChinaAMC unveils the world's first CNY-based tokenized money market fund. Investors can trade fund shares like cryptocurrencies, fully digital and real-time. Hong Kong is opening up to more digital assets, with stablecoin licenses coming soon.Full story.

✈️ Wells Fargo Halts China Travel Over Exit Ban: Chinese born US exec Chenyue Mao barred from leaving China. The bank suspends all travel, citing rising geopolitical risks. Incident heightens concerns about staff safety abroad. Full Story.

🎥 Netflix Goes All-in on Anime: Global viewership for Anime has tripled since 2021. VP of content for Asia Minyoung Kim says authentic Japanese stories are the key. Full Story.

OPTIONAL READS

Brazil: Rare earth exports to China tripled in H1 2025, reflecting US-China tensions. More on this.

Hongkong: Researchers use AI to cut X-ray radiation by 99% and generate 3D models faster. More on this.

South Korea: The country ends private adoptions and assumes state control protecting children’s rights. More on this.

BEHIND THE BITS

👀 You want them, we’ve got them:
We’ve received countless messages from the asiabits community asking if we could get our hands on those little monsters sold out worldwide.

So we spared no expense and actually managed to secure some! How we did it remains our secret…

🥰 Michael and Thomas may look like two bearded mountains of muscle, but when they see cute puppies or cuddly toys, their hearts just melt.

You can find your personal referral link here:

Share it with your friends so they’ll have a chance—if they register by the end of July—to receive a 100 % genuine, original Labubu shipped free from China.

FEEDBACK

See you tomorrow in your inbox, 

Thomas, Michael & the Team of asiabits