“Previously, it was mentioned that when logging into Gemini Cli, you needed to configure the Google Cloud Project ID. This is already wrong – if it’s a personal account, there shouldn’t be this restriction. The fact that this restriction exists indicates that you’ve started triggering Google’s security system and are being identified as not being a personal account.

It’s frustrating; after using it for half a month and getting used to it, now I have to return to the embrace of cc + domestic models.”

Real estate giants’ top performers – Ever, also failed to hold up, continuous blood transfusions for Sunshine Steel, ultimately couldn’t plug the ever-growing hole. Linkage news: Six major banks completely halt sales of 5-year large savings bonds for five years.

Analyze China’s real estate defaults, compile timelines and key events, Evergrande, Greentown, Vanke, and other unlisted property developers I may not know about.

This overview is based on the latest perspective as of December 2025, covering the complete timeline from the initial crisis to the current period (end of 2025).

• Left-side trading is difficult to execute, and right-side trading is also not good. Xiaomi’s buyback, Lei Bao’s (Lei Jun’s) own buyback, caused the stock price to rise sharply, stabilizing above the 40th level. Alibaba’s financial report saw a significant drop in net profit, and the market predicted that the intensity of takeout subsidies would decrease, leading to a large surge in Meituan’s stock price (6%). The capital logic of AI is not closed, it’s not previous business; first grab users, run around, then slowly make money. AI’s continuous costs cannot be reduced – hardware plus electricity.

• Still doing nothing, Xiaomi didn’t fall below my current price level. It has fallen consecutively for two days, and was finally stabilized by a buyback. The US market last night was interesting – it started to rally, but the next day it completely crashed. Today, both A-shares and Hong Kong stocks are basically worthless.
• At this point, falling so much is actually good; I didn’t continue following the broader market, just laid down and relaxed, waiting for a better opportunity.

Why the Decline

https://wallstreetcn.com/articles/3759889 Other viewpoints may or may not be correct; quantitative funds are increasingly influencing domestic stock markets. Individual stocks often closely align with index movements. The original text is lengthy, and Bobo (豆包 - a common online nickname) has extracted the core content.

• It’s been almost half a month, and MiniMax and GLM4.6 in China have both had paid trials – the difference is still noticeable. The cc tool is quite useful. Last night I was messing around with optimizing the front-end interface, you know… as a writer, I basically don’t understand front-end development; Vibe Coding will be next, and I’m starting to get into the front-end technology stack. Domestic large models haven’t been figured out; I tried the newly released Gemini3, and it was done in five minutes. Switching to the site’s archived pages, you can see “the bookshelf.”

This site’s main domain is hosted on GitHub Pages, and the blog’s backup subdomain is on Vercel with acceleration. It has been deployed through Cloudflare. The backend management page looks too outdated and unappealing, which is a major deterrent. Initially, it was a quiet, unassuming piece of content; however, constant messages in the blogging circles disrupted this tranquility – opening it up, CF went down, and many friends’ websites couldn’t be accessed.

As an internet infrastructure component, such prolonged downtime is unacceptable. The stock price didn’t plummet dramatically, which I hadn’t anticipated.

System data synchronization between systems, recently when changes occurred, the data volume of a certain interface increased, frequent deadlocks happened. After colleagues investigated, they found that it was caused by gap locks. MySQL is not used much, so I’ll record it down.

Alibaba (Ali) has released numerous large models, not simply a matter of “volume chasing,” but a carefully planned “Model-as-a-Service” (MaaS) ecosystem strategy. There are multiple considerations behind this, which can be summarized as “internal empowerment and external ecosystem building.”

Internal Business Driven (Inward Empowerment)

Alibaba possesses an extremely vast and diverse business landscape, including e-commerce (Taobao & Tmall), finance (Ant Financial), logistics (Cainiao), cloud computing (Aliyun), and entertainment (Youku), among others.