The China Startup Pulse

Is the GameStop saga a defining moment for DeFi with Michael Friedman, CFO of Xinhua Pictures; and Aaron Choi, VP of Global Business Development at Kava Labs

Episode Summary

Welcome to another episode of the China Startup Pulse. Today we talk about GameStop, a company that has the global financial markets buzzing. What we’ve seen with GameStop is a very unusual incident and so, we are bringing not one, but two guests on the episode who bring differing perspectives on what happened with GameStop and what it represents. With everything that has happened with the GameStop stock in the last several days, ultimately leading to some brokerages restricting retail investors from buying the stock, an interesting debate around centralization vs decentralization has surfaced. Is the GameStop saga a pivotal moment for DeFi? Do we need more decentralization in the financial markets? Does DeFi have enough merits to transcend the traditional financial markets or is it too early to make that call? And we have the right guests to share their perspectives on this matter! Our first guest is Michael Friedman, CFO of Xinhua Pictures. Mike previously held the position of Director at Shune River Capital where he was responsible for investment, financial analysis, and risk management. He has over two decades of experience in global financial markets. Our second guest today is Aaron Choi. Aaron is the VP of Global Business Development for Kava Labs, a blockchain solutions platform providing DeFi services such as stable coins, bonds, and lending to crypto users across many blockchain networks. Previously, Aaron led the International Business for BTCC, one of the earliest and longest-running Bitcoin exchanges. He is an expert in the crypto industry and digital advertising and marketing. He is also an advisor to several blockchain projects where he advises on blockchain, token issuance, and token economy-related matters. Please remember, the views expressed in the episode are strictly for educational purposes and must not be taken as investment advice.

Episode Notes

Our first guest is Michael Friedman, CFO of Xinhua Pictures. Mike previously held the position of Director at Shune River Capital where he was responsible for investment, financial analysis, and risk management. He has over two decades of experience in global financial markets.

Our second guest today is Aaron Choi. Aaron is the VP of Global Business Development for Kava Labs, a blockchain solutions platform providing DeFi services such as stable coins, bonds, and lending to crypto users across many blockchain networks.

Show Notes:

[02:43]  What happened with GameStop?

[13:59] Centralisation vs Decentralisation. Is GameStop the pivotal moment for DeFi? What are its merits and demerits?

[34:55] Closing Remarks

Many thanks to our guest Benjamin Qiu; host Oscar Ramos; producers  Eva Shi and  Sagar Chaudhary; editor David; organizer Chinaccelerator; and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com

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