2025 letter

Dan Wang

Research

53 Pages

January 2026

Dan Wang, who previously covered tech for Gavekal Dragonomics is the author of Breakneck: China’s Quest to Engineer the Future, wrote his 2025 annual letter.

Date published: January 1, 2026

Key Takeaways

Tech and seriousness: Silicon Valley’s earnestness and gravity shape discourse but often mask narrow thinking.

China’s grounded momentum: China’s industrial iteration and electrification give it a durable competitive foundation.

AI future focus: Winning the future means diffusing technology through society, not racing toward superintelligence.

Annual Report

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