Chinese Economics Thread

horse

horse

Colonel
Registered Member
Those guys are having a mental nervous breakdown.

The number is a number.

Since the number is irrefutable, as 2 is always greater than 1 in simple math, that is end of story.

But since they do not like that story, the number is fake.

At this point, fantasy becomes reality.

Either you wind up in jail, or lose all your money, or in a straight jacket inside a padded room.

:oops:
 
NiuBiDaRen

NiuBiDaRen

Brigadier
Registered Member
https://twitter.com/i/web/status/1357500475730395136

Kuaishou is the main rival to TikTok. Good to see them listing in Hong Kong instead of US. This is the world's biggest tech IPO since Uber, since Ant Financial was brought down after Xi Jinping murdered Jack Ma. Their market cap is now US$170 billion. Kuaishou focuses more on third and fourth tier cities, more farmer, local/grassroots content.
 
W

weig2000

Captain
Crang said:
https://twitter.com/i/web/status/1357500475730395136

Kuaishou is the main rival to TikTok. Good to see them listing in Hong Kong instead of US. This is the world's biggest tech IPO since Uber, since Ant Financial was brought down after Xi Jinping murdered Jack Ma. Their market cap is now US$170 billion. Kuaishou focuses more on third and fourth tier cities, more farmer, local/grassroots content.
Click to expand...

ByteDance is considering to list DouYin, the Chinese version of TikTok. By the valuation of Kuaishou, DouYin should garner a valuation of $350 billion, since DouYin has over 600 million average daily users while Kuaishou has less than 300 million and it's much more profitable. Now DouYin is only the short video part of ByteDance, which also has other pieces including Jinritoutiao, the news aggregator, and Xiguan Video, the long-form video, etc., before even to consider TikTok. ByteDance was valued at $180 billion last time it did the private placement. Taken all the pieces together, ByteDance should be valued at least $500 billion.

By comparison, the valuation of Ant at $330 billion before its IPO got canned a few months ago doesn't sound all that extraordinary any more.

It's a crazy world now.
 
han1289

han1289

Junior Member
Registered Member
weig2000 said:
ByteDance is considering to list DouYin, the Chinese version of TikTok. By the valuation of Kuaishou, DouYin should garner a valuation of $350 billion, since DouYin has over 600 million average daily users while Kuaishou has less than 300 million and it's much more profitable. Now DouYin is only the short video part of ByteDance, which also has other pieces including Jinritoutiao, the news aggregator, and Xiguan Video, the long-form video, etc., before even to consider TikTok. ByteDance was valued at $180 billion last time it did the private placement. Taken all the pieces together, ByteDance should be valued at least $500 billion.

By comparison, the valuation of Ant at $330 billion before its IPO got canned a few months ago doesn't sound all that extraordinary any more.

It's a crazy world now.
Click to expand...

This is why tech war is the new cold war. China is doing so well in the tech space that it’s giving America fits.
 
B

B.I.B.

Captain
PeoplesPoster said:
No, just stupid business management and strategy. Typical build it, attract investment, got public, then welp our business model doesn’t work at all.
Click to expand...
Starbucks has not been particularly successful in NZ which makes wonder what's so special about it that makes people want to copy them.
 
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