Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Agreed! Buy and store away with any change you have lying around. You just never know with this one!!
Suey I also read that they were looking for new investments... they have 1.5m in cash we want them to get into crypto as that would bring the interest here and with so few shares available undoubtedly it would fly.
Defo worth a few peenies as a punt from this level.
Yes I agree thats the kicker eh Suey... Problem is, as it stands the market doesn't know how much is held or how it is held... it could be incredible value as the shares were bought indirectly through a a fund / VC and as is often the case with VC's and funds value is not reached without a sale... which an IPO could do.
I bought yesterday as I really see that competitor listing as a positive signal Bytedance will do the same what we need is a BOD that have more interest in their shareholders.
Failing that the FY results are in April and therein is normally a much more in-depth rundown & hopefully between now and then Bytedance IPO.
Got my maths a bit wrong i think. 0.0005% would be £1 Per share. so a very small percentage interest in Bytedance....and boom!
Camkite, i did send an email once with no response. my thinking is if Bytedance are valued at $200bn at IPO. even owning 0.005% interest would give us £1 per share?? The price on this share fluctuates wildly on very small buy/sell volumes, so even the mm's dont know what to make of it.
Suey - I've tried touching base with the board and if i manage too i will let you know... I've asked them if they can give the market some indication as to how many shares in Bytedance WSL hold.
Their investment is indirect and this could actually prove to be the most prominent factor as if the company we invested in was valuing the share of Bytedance at a discount then and the value increases say 5 x 10 fold etc then there is serious value on offer here.
Also asked them if they fancied investing in Crypto / blockchain. worth a shot.
Wont hold my breath on a reply.
Some good posts there Camkite, thank you! I been waiting patiently for Bytedance IPO. I want to see how that translates for Worldsec's investment in them. Could be phenomenal!
has launched a mobile payments service for Douyin, the Chinese version of the popular short-video app TikTok, Reuters reported on Tuesday (Jan. 19).
The Beijing company is looking to expand its eCommerce business and take on China’s big payments platforms — Ant Group’s Alipay and Tencent Holdings’ WeChat Pay. Now, Douyin users can use the company’s new Douyin Pay platform instead.
“The setup of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance user experience on Douyin,” the video app provider told Reuters. The new mobile payments platform can be used to buy virtual gifts for live streamers or items from online shops.
Douyin now has 600 million daily active users. ByteDance moved in the direction of offering a mobile payments platform when it acquired Wuhan Hezhong Yibao Technology Co last year. The latter had gotten a third-party payments license from the central bank in 2014.
ByteDance hit the news in the United States when the outgoing Trump administration demanded that the company divest TikTok’s U.S. assets on the grounds of national security. With an eye toward compliance, ByteDance has been in talks with Walmart and Oracle Corp. for months over the sale of its U.S. assets. The Chinese company has denied there are security issues with TikTok.
Per the Reuters report, Douyin is the main source of revenue for ByteDance. Douyin started selling merchandise in 2017 and now operates a growing eCommerce operation.
Meanwhile, regulators in China are increasing oversight of FinTech companies, and recently derailed Ant Group’s plans to go public.
Douyin is eyeing the public markets as well. This fall, Reuters reported that ByteDance was having both internal deliberations and discussions with investment bankers about taking the firm public.
As ByteDance looks at an initial public offering (IPO), Douyin might not be the only part of the company in the mix. It could also include other parts of the company’s business empire: news aggregator Jinri Toutiao, work collaboration tool Feishu, and video-streaming app Xigua"
https://www.pymnts.com/news/mobile-commerce/2021/bytedance-sets-up-mobile-payments-service-for-short-video-app-douyin/
I think this competitor going public will be the rocket up the arse Bytedance needs for an IPO. Watch the space imo.