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ByteDance through the Homaer Fund - During the year under review, the Group invested US$1 million in the Homaer Fund, the sole investment of which is an equity interest in ByteDance. Headquartered in Beijing, China, ByteDance is a technology group operating machine learning-enabled content platforms across cultures and geographies. It has a portfolio of mobile applications that is available in over 150 markets and 75 languages and that includes Toutiao, Helo, TikTok, Douyin, News Republic, Vigo Video, Huoshan, Xigua Video, TopBuzz, BuzzVideo and FaceU. Launched in 2016, Douyin, a video-sharing social platform, is generally regarded as the most popular mobile applications of ByteDance and has an international version known as TikTok. Downloaded 738 million times in 2019 raising the total number of downloads to over 1.5 billion, TikTok was the seventh-most downloaded mobile applications of the 2010s. As of July 2019, Bytedance had daily active users exceeding 700 million and monthly active users of more than 1.5 billion around the world.
Agrios Global Holdings Ltd. ("Agrios") - Agrios, an investee company of the Group listed on the Canadian Securities Exchange, is the holding company of a data analytics driven agriculture technology and service group that owns, leases and manages properties and equipment for eco-sustainable agronomy and provides advisory services for aeroponic cultivation to the cannabis industry. During the year under review, the Agrois group generated under various contracts with a client in the Washington State of the U.S. quarterly rental, product and service fees of between US$708,000 and US$1.5 million. However, as the majority of such revenue had not been collected and was carried under accounts receivable, the cash resources of the Agrios group had been adversely affected. To fund the short term needs of its operations, the Agrios group raised, through the issue of a number of unsecured convertible debentures with a conversion price of between C$0.37 and C$0.50 per share, a total of US$3.2 million (including two drawdowns totalling US$1.5 million under a convertible credit facility of US$5.5 million). Furthermore, in order to cut down operating expenses, the Agrios group had taken steps to reduce its administrative employee levels and its outside consulting commitments. Meanwhile, the 65%-owned joint venture of the Agrios group, Yunnan Hua Ma Biological Development Co. Ltd., successfully obtained an industrial hemp cultivation permit, an import and export permit and a food trading permit in the Yunnan Province in China.
Trading in the shares of Ayondo has been suspended since February 2019. In view of the conversion price of the Convertible Notes, however, further downward adjustment to the fair value of the Group's investment in Ayondo was made as at 31 December 2019.
ayondo Ltd ("Ayondo") - Ayondo, an investee company of the Group listed on the Catalist of the Singapore Exchange, is the holding company of a financial technology group that focused on social trading activity. The financial performance of the Ayondo group in 2018 and 2019 was negatively impacted due to changes relating to product intervention imposed by European and UK regulators, including in particular the limiting of leverages for contracts-for-difference which was the core product of the Ayondo group. Under the financial difficulty and stress that ensued, the Ayondo group proceeded with a restructuring of its business. During the year under review, the Ayondo group disposed of ayondo Markets Ltd., a key operating subsidiary, and filed for the insolvency of ayondo GmBH, another key operating subsidiary. In the absence of continued contributions from these subsidiaries, the Ayondo group had minimal operating activities. Meanwhile, as part of its restructuring initiatives and with the intention to shift its focus to Asia, the Ayondo group entered into and subsequently secured shareholder approval for a number of conditional agreements involving the issue of three separate convertible notes (the "Convertible Notes") totalling S$9.9 million with a conversion price of S$0.007 per share to Golden Nugget Jinzhuan Limited ("GN") and a GN shareholder. GN operates a social investing platform, iMaibo.net, for Asian, European and other global contracts-for-difference to facilitate investment-related business, via its network of social media influencers, key opinion leaders and their followers, and third party service and product providers. Since its inception in 2013, GN's platform has built a user base with over 3.5 million registered users.
Velocity Mobile Limited ("Velocity"), an unlisted investee company of the Group, is the holding company of a technology group that provides real-time lifestyle mobile applications for premium consumers focusing on the areas of dining, travel, experiences and luxury goods. As reflected by the increase in revenue generated per employee during the year under review, the Velocity group continued to achieve productivity gains thanks to the efficacy and efficiency of its proprietary technology. There was also strong growth in gross profit margin, largely driven by the rising contribution from Velocity for Business, a white-label product designed for enterprise customers which was launched in the third quarter of 2018, as well as improved working capital terms with key suppliers. As a result, the financial performance of the Velocity group continued to show encouraging progress. In December 2019, the Velocity group secured another round of fundraising through the issue of an unsecured convertible loan note.
The Company is a closed-ended investment company with a premium listing under Chapter 15 of the Listing Rules of the Financial Conduct Authority in the UK. In accordance with the Company's investment policy, a copy of which is set out on page 74, the investment strategy of the Group focuses on investing in small to medium sized trading companies based mainly in the Greater China and South East Asian region with a view to building a diversified portfolio of minority investments in such companies. The investment objective of the Company is to achieve attractive investment returns through capital appreciation on a medium to long term horizon. To spread the investment risk of the Group, none of the Group's investments at the time when made exceeded 20% of its gross assets.
I would argue it's not that significant, subjective of course.
ByteDance is a technology group operating machine learning-enabled content platforms across cultures and geographies. It has a portfolio of mobile applications that is available in over 150 markets and 75 languages and that includes Toutiao, Helo, TikTok, Douyin, News Republic, Vigo Video, Huoshan, Xigua Video, TopBuzz, BuzzVideo and FaceU. Launched in 2016, Douyin, a video-sharing social platform, is generally regarded as the most popular mobile applications of ByteDance and has an international version known as TikTok. Downloaded 738 million times in 2019 raising the total number of downloads to over 1.5 billion, TikTok was the seventh-most downloaded mobile applications of the 2010s. As of July 2019, Bytedance had daily active users exceeding 700 million and monthly active users of more than 1.5 billion around the world.
america is massive market arond 100 m users so its big impact
https://arstechnica.com/tech-policy/2020/07/us-investors-try-to-buy-tiktok-from-chinese-owner/?comments=1
This article is one of many
I think trump banning tik tok is good bc tik tok might sell part of the company to have an american tik tok which is in line with trumps laws! If you look at some news articles it suggests trumps ban is the main reason for the sell. Some of the big american investors in tik tok at the moment Have put forward a proposal. If tik tok was banned from america why wouldnt they sell the idea to be licensed in the states in line with trumps laws. Could work out well
Nothing to apologize for, does it make it less valuable? I doubt it, globally who does it reach, everyone, every day and everywhere.
There is always a workaround, what people want, people will get. This is a numbers game, irrespective of what DT does, there are millions if not potentially billions of users globally that can use this.
now I'm not saying buy or sell, what I am saying is do the research and if you think it's a viable buy then invest, if not don't.
Massively high risk but agreed if it’s out there people will cotton on to the investment by WSL into Bytedance.
From what I’ve researched I’ve taken a small position and only wish like most I’m sure I had done it at a lower price.
DYOR
Bobby,
Scroll down or read the last update (RNS) it’s all there, $1 million invest into Bytedance through a fund .
Trump vows to ban Chinese-owned TikTok from the US http://news.sky.com/story/trump-vows-to-ban-chinese-owned-tiktok-from-the-us-12040260
Sorry my fault. Worldsec has invested $1m in Bytedance. Tiktok is part of Bytedance portfolio. So what i should have asked was What percentage of Bytedance does Worldsec own?
Can anyone please elaborate on where this information regarding shares in tiktok came from?
Have not doubt Bill Gates will be speaking to Trump to get this sorted so Trump does not issue tictock blanket ban......or if he does.....to add political pressure to the sale.......it is rescinded after Bill Gates takes over. IMHO DYOR No advice given.
Not sure. WSL put seed funds of £1M in I think about May last year when Bytedance were trading at a loss. Now they are trading at multi Billion profit. Prob is we don't know the numbers of shares, but whatever, if tictock is purchased, even the US wing, our numbers will likely multiply in normal circs 50X. You could class this as a slightly distressed sale, if a sale takes place, so even if we say 30X our investment value then WSL MCAP going through the roof. IMHO DYOR. This is high risk.....high reward and not for beginner investors. The money you put in is money you need to be able to and be willing to lose. Yip Microsoft in discussion and while Trump says he won't support a purchase, it not up to him. If Bill Gates sees merit, which there is tons of, problem sorted. US gets boost to its economy, US users get to continue....win....win. But please......this is high risk......high reward. Don't put the farm, wife or kids on this.
Valuations have been put out there at above $50 Billion and the main man thinks it's worth more. Have a scroll through some of the posts.
Someone put up a link earlier ref the +$50 Billion valuation
Hi, i bought in here after finding out about investment in TikTok. Does anybody know how much of TikTok does Worldsec own?
https://finance.yahoo.com/news/tiktok-draws-interest-bidders-other-011032810.html
This article says TikTok valuation is estimated at $20-$40 billion. But looks like Microsoft wants only the US side of the operations.
Wow! A deal with Microsoft to take over TikTok. This is about to go nuts next week
https://www.google.co.uk/amp/s/finance.yahoo.com/amphtml/news/microsoft-said-talks-buy-tiktok-185221680.html
Hold on.........this could go nuts!!!!!!!!!!
In talks to buy tic tok says the Telegraph
Q3: if I buy out WSL with £1m investment in Bytedance, which is worth 50X more in buy out situ............does that explain where we are? Does that explain why out share is under buy pressure?