Contents
How ByteDance Can Rival Coca-Cola Or Exxon Mobil
How can ByteDance’s valuation rival the likes of Coca-Cola or Exxon Mobil? Zhou Shouzi’s investment vision is different from most other entrepreneurs. Read on to learn more about his incredible journey. Then, see why he should be one of the first Chinese entrepreneurs listed on the NASDAQ. Here are some reasons to support Zhou Shouzi’s candidacy for ByteDance’s listing on the NASDAQ.
ByteDance’s valuation surpasses Exxon Mobil or Coca-Cola
ByteDance is now valued at more than $250 billion in secondary market transactions, up from $200 billion just a month ago. Its parent company, ByteDance, is more valuable than Twitter and Coca-Cola combined, according to Bloomberg. In fact, ByteDance’s valuation is higher than the value of the U.S. companies, Exxon Mobil and Coca-Cola.
Zhou Shouzi was a single-trader
Previously, Zhou Shouzi worked as a single-trader in Xiaomi’s Hong Kong IPO, and the company grew to over 270 companies under his leadership. He has deep knowledge of finance, investment, and strategy, and he is highly emotional. To see also : How to See Stitches on TikTok. He changed his behavior and stayed away from social media once he reached the byte, while blending into the culture of the company’s founder, Zhang Yiming.
Zhou Shouzi’s investment vision is unique
In his early years, Zhou Shouzi had a unique investment vision. While he had an extensive background in China and the U.S., his investment style has not always been admired in all regions of the world. On the same subject : How to Gain TikTok Followers. In fact, the policies of the Zhou Empire caused many rebellions in their vast realm, spurred by factions wishing to rule themselves. But this is a topic for another day.
ByteDance’s listing on the NASDAQ
Chinese online video and gaming company ByteDance delayed its IPO in the United States and Hong Kong in December. After the shares of Chinese companies began trading in the US, regulators in Beijing started cybersecurity reviews. See the article : Can You Have Two Accounts on TikTok?. Beijing has been cracking down on technology companies with concerns about privacy, security and anti-competitive behavior. The delay has put ByteDance’s IPO on hold.
CEO Shou Zi Chew’s background
The background of ByteDance’s new CFO Shou Zi Chew is impressive. He has experience in investment banking, including a stint with Goldman Sachs’ investment banking division. He has also worked for DST investment, the company founded by Russian IT billionaire Yuri Milner. Chew was also an early believer in ByteDance, having been a partner with DST Investment Management, which was involved in TikTok‘s strategic reorganization.
C4games acquisition
The social gaming giant, ByteDance, has acquired C4games, which develops popular mobile titles such as Red Alert online and Douyin. The acquisition is part of a larger push to enter China’s highly competitive mobile games market. ByteDance has acquired several game development studios this year, including Shanghai-based Moonton Technology.
PoliQ acquisition
Pico, which recently acquired PoliQ for $772 million, is a Chinese virtual reality headset developer. The acquisition of PoliQ marks the first major investment by a Chinese company in a metaverse project. It also includes Ma Jiesi, the former head of Xiaomi’s VR division who collaborated with Oculus and worked on the development of the Oculus Go. The company’s virtual reality headset sold out in minutes.
