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Jeffrey Tiong, founder and CEO of Patsnap, overcame significant self-doubt and challenges to build a successful intellectual property startup, achieving over $100 million in annual revenue. Starting the company at 24, he faced numerous setbacks, including difficulties in securing funding and managing a growing team. Today, Patsnap, backed by major investors like Tencent and SoftBank, aims to democratize patent information to accelerate global innovation.
Traders are closely monitoring inflation data, with expectations for a decrease in the annual rate to 3.4%, potentially paving the way for a Reserve Bank of Australia rate cut. The Nasdaq index is buoyed by strong tech earnings, while the ASX 200 remains stable, awaiting a breakout above 8378. The Australian dollar has weakened against a stronger US dollar, influenced by election speculation, with potential volatility ahead.
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