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Hope so.
Lost hope longtime ago. Found small portion of my holdings sold at 0.0127 which was set some time ago to cover my cost.
This is exciting. More to come.
I have a small position in this to keep me interested.
I don't have subscription, can't reply to your PM.
Also the names are not identical.
Our guy is XU Zijun, not XU Zhijun.
Definitely not our guy.
This guy is a rotating chairman of Huawei. He is getti9ng his hands full with what is going on at Huawei.
I was searching 'automatic parking' companies in China. There are at least over four hundred of such companies. There is huge demand and market over there, but there are too many players.
Blockchain + 5G + LiveDAO, brings new life to live streaming industry
A user named 'To The Moon' (http://www.linksfin.com/user/uid/8125) published above titled article on linksfin.com, https://www.linksfin.com/article/328830.
Its last graph (4th from the top) illustrates the development plan (road map) of LiveDAO. It gives a slightly detailed information about LiveChainHolding's listing. It says LiveChainHolding already got approval notice (I assume it is their IPO prospectus) or clearance from SEC, started IPO process, will eventually be listed on main board (NYSE or NASDAQ).
At this moment I guess LiveChainHolding is just a pseudo-name for the holding company behind LiveChain, Inc.
Richard Kastelein is not par of the team.
I asked Richard a few questions about the article he published on his website. Richard replied that he does not know the company. He just cover the story.
Some programmers are just programmers,
Some programmers have ideas and business sense. A good business proposal attracts money. I have a few 'billionaire' friends in China who are constantly looking for good business to invest.
Live streaming will have exponential growth with 5G technology
Right now you might see the most of live streamers sitting in a office space or a studio, limiting their broadcasting anywhere any time. With the availability of 5G cellphones and 5G network, anyone can broadcast anything anywhere any time.
Celebrities and influencers making millions becomes a social phenomenon. It attracts many people to get in. With a 5G cellphone, live broadcasting becomes easy for everyone.
From business point of view, anyone wants to do live streaming has to pay for an entry fee to the platform. This is a very important revenue baseline for the platform. Every cellphone broadcaster could turn on the phone to become a node in the P2P network. The node will be rewarded by the platform with LIVE coin. This will incentivize 5G cellphone users to join the platform.
Industry experts still have no clear vision what to do with 5G's fast upload and download speed and other features, but all agree that 5G enables explosive growth of live streaming industry.
Businesses like LiveChain sees and seizes the opportunity to make money. Smart investors and traders sees and seizes the opportunity EORZ offers to make a change in life. There are not many such opportunities around us.
There are hundreds if not thousands of Chinese with that name.
the first name "Yanan" typically is a female name, meaning "equal to man".
I prefer this person from Google. He/she is a cloud platform solution engineer. The white paper says the company has a team in the US working on cloud platform construction.
https://www.linkedin.cn/in/yanan-guo-54b5a52a/
This is just speculation. We might be able to see updates on OTC as early as next week. That might shed more light on the people behind LiveChain.
Hi, Cache: That article was originally written by a Shenzheng-based blockchain consulting and marketing company BlockArk (https://blockark.io).
This article gives extra information which is not available on company website and previous articles. So I don't think this is simply a cover article. It is possible that BlockArk provides consulting and marketing services for LiveChain.
The first graph was took from Douyu.com (NASDAQ DOYU)'s 2018 financial report of its IPO document. It shows DOYU's 2018 revenue comes from two sources: $457.7 millions from live broadcasting, and $73.8 millions from advertisement. Total revenue is $531.5 millions.
The next table shows the costs in 2018: Profit distribution and content fee: $405.8 millions, broadband cost: $80.8 millions, other 22.9 millions. total cost is $509.5 million. Profit is 531.5 - 509.5 = $22 millions.
The author uses these two tables to show: 1. general idea of live streaming company revenue, costs, and profit; 2. The broadband cost takes out big chunk of revenue, with LiveChain technology (P2P and 5G), the broadband cost will be reduced to 1/400.
So $531.5 million is not our revenue, but could be ours next year.
By the way, I don't have subscription so I couldn't reply to your PM.
I thought it is pursued by Philip Morris. Anyway if acquired by the fourth largest tobacco company, I have no complaint.
Expect see some clues from the Q on August 19.
Website updated with brand theme and English translation
http://www.livedao.io
Whitepaper also available in English: http://livedao.io/resource/LiveDAO_white_paper_1.0_en.pdf
Three Live Streaming Companies Trading on US Major Exchanges
Bilibili (NASDAQ BILI), market cap 4.57 Billion, started trading in March 2018.
Huya Inc (NYSE HUYA), market cap 4.65 Billion, started trading in May 2018.
Douyu (NASDAQ DOYU), market cap 2.87 Billion, started trading on July 15, 2019.
EORZ is trading on OTC, with market cap of 2.5 million. LiveChain states that they will be listed on a major exchange (NYSE or NASDAQ) in near future. EORZ has a potential to go up thousand folds in price in near future.
Could this be our guy?
https://www.linkedin.cn/in/yanan-guo-54b5a52a/
Yanan Guo, Cloud Platform Technical Solutions Engineer at Google
Sunnyvale, California
Yes. Douyu is the leader of Chinese live streaming industry. It is traded on NASDAQ and its revenue and profit are growing fast.
The industry in the process of consolidation. Only ones with competitive technology will survive and prosper. LiveChain has the combination of the best technology: decentralized P2P streaming, 5G, and its own cryptotoken LIVE. The patent company LiveChainHolding is scheduled to be listed on NYSE by December. The deep-pocketed parent company might already in the process of acquiring existing live streaming platforms to build LiveChain's ecology.
I took a nap. What happened?
Live Broadcasting Leader Douyu.com Trading on Nasdaq.
Douyu.com, is traded on Nasdaq under ticker DOYU started July 18, 2019. Today, its price closed at $9.90 and total trading volume worth $40 millions. Its revenue reached to $531.5 million in 2018.
We know where EORZ is going.
Coverage of LiveDAO by BlockArk
Someone posted a link here yesterday: https://www.chainnews.com/articles/248473751711.htm
The article elaborated the problems and existing competitions of current live broadcasting market. It also tried to explain the LiveChain technology in layman's terms.
The article is authored by BlockArk, a blockchain marketing and consulting firm: https://blockark.io/. Look at their impressive team. I have no doubt that this team is deeply involved in this project. Maybe these guys wrote the whitepapers for LiveDAO.
Evolution of LiveChain Whitepaper
You can find three versions of whitepaper on livedao.io website:
http://livedao.io/resource/LiveDAO_white_paper_0.97.pdf
http://www.livedao.io/resource/LiveDAO_white_paper_0.99.pdf
http://www.livedao.io/resource/LiveDAO_white_paper_1.0.pdf
The first available version V0.97 was published on July 19, when LIVE coin debuted. https://www.chainwhy.com/whitepaper/livedaowhitepaper.html
The last version V1.0 I first spotted it on August 10. Version V0.99 was somewhere between these two dates.
Interesting thing about these versions is the Who We Are Section. In version V0.97, it says LiveChain, Inc is a Nevada company and listed on OTC Markets. V0.97 does not say anything about LiveChainHolding. V0.99 adds that LiveChainHolding will be listed in the US in the near future. V1.0, comparing to V0.97 and V0.99, adds saying that LiveChain, Inc will be listed on US main board (major exchange) in the near future. V1.0 maintains the same verbiage about LiveChainHolding's listing in the US (not specifying if it is a major exchange).
Considering the Prnewwire news of August 8, stating LiveChainHolding is scheduled for December NYSE listing, and comparing to newest whitepaper statement, I would rather toss out the idea that LiveChainHolding to be listed on NYSE in December.
On the other hand, I believe that the evolution of whitepaper strengthens my understanding that LiveChain Inc, not only is listed on OTC Market (as EORZ), but will be uplisted on a major exchange in the near future.
LiveDAO Whitepaper Updated
Yesterday it was version V0.99. Today they published new version V.0.
http://livedao.io/resource/LiveDAO_white_paper_1.0.pdf
There are some revisions and details added.
You are right. LIVE values at about 143 million RMB, which is about 20 million USD as of today.
https://www.feixiaohao.com/currencies/livedao/
This information is as solid as it can be for EORZ.
LIVE coin started trading around July 19 if I'm correct. They have about 100 million coins out at a price of $0.1 which makes the coin's market value at about 10 million USD, and that qualifies for NYSE listing, as of now. We are only about four months away from December (LiceChainHolding is scheduled to be listed on NYSE according in December according to august 8's news). Anyone has experience or knowledge that either approach of RM followed by uplisting or IPO in NYSE can take place in this short period of time?
That might be true. How about LiveChainHolding?
A company scheduled to list on NYSE in December can't be found in its domicile state is kind of weird.
LiveChain and LiveChainHolding
The white paper says LiveChain, Inc is a Nevada company and LiveChainHolding is a Delaware company. I checked both NV SOS and Delaware SOS, no company name containing 'livechain' or 'livechainholding' or 'livechain holding' was found.
Maybe they are newly registered companies in both states and do not show up in their database yet?
LiveChainHolding is scheduled to be listed on NYSE in December 2019
This is huge!
This piece of news is an English translation of news posted on several Chinese news outlets yesterday. For example: http://biz.ifeng.com/a/20190807/45621166_0.shtml
The original Chinese version says LiveChainHolding is intending or planing to be listed on a main board in the US by the year end. This English version explicitly states that the listing is scheduled for December and it will be on NYSE.
As I stated before, live broadcasting is 10 billion dollar industry and it grows very fast. If they can take 10 percent of the market, the revenue will reach one billion dollars easily.
LiveChainHolding might already be in the process of acquiring some of existing broadcasting platforms to establish a strong hold in the market.
If their technology and business succeed, even taking one percent of market share, the revenue will be around 100 million dollars. But to survive the competition they have to move up to the top taking much more market share, and the revenue could reach billions.
So if the company succeeds, it could become another Tecent. If fails it will become another Chinese scam.
How big is the live broadcasting industry in China?
I read a report stating that live streaming or broadcasting platforms in China made about 50 billion yuan last year. The industry grows very fast. It could easily reach 70 billions or 10 billion USD this year.
Two top players are Huya.com and douyu.com.
Live broadcasting is very lucrative for some top anchors and attracts millions to join. Some of them make over million dollars a year.
There is no way to know the people and money behind this deal at the moment. But my sense is that this could be huge and money is not an issue.
Reading from the whitepaper, it appears that the company enters into social media/video stream arena, and revolutionize the industry using blockchain and AI technology to prove and signaturize uploaded video contents using pre-set content rules in order to avoid server admin's arbitrary decisions. The contents will be monetized with LIVE coin. The support with 5G technology will make the uploading and downloading extremely fast.
There are many features described in the white paper which are way beyond my scope of knowledge.
It appears that LiveChain, Inc. will be under EORZ. LiveChain Holding is a separate entity and it will be responsible for managing a fund for acquisition of businesses and technology building around LiveDAO technology, ecology, and business. LiveChain Holding will be listed on a main board in near future as well, according to the white paper.
Deep into it. Have been accumulating for several days. Hope for ten folds from here.
LiveChain is listed on OTC Markets, and will be listed on main board in near future.
The first paragraph of About Us page at the company website Livedao.io, has brief description about the company. It says LiveChain, Inc. is listed on OTC markets. LiveChain, Inc. will be listed on a main board in the US. Nasdaq or NYSE is typically referred as main board in China. Does this mean that EORZ will be uplisted to Nasdaq soon after RM completion?
I believe website English version is still under construction, but here is google translation of that paragraph:
They have top-notch legal team
I happen to know the law office which handles this reverse merger and visited the office some time ago. This is a power house of security law services.
I feel lucky to find this gem and comfortable to hold shares of RM managed by this team.
This is an indication that ZJMY is already preparing for the national expansion and entrance into ride-sharing market.
China Rural E-commerce Double-creation Working Committee, is an organization under the ministry of industry and information. It focuses on Entrepreneurship and Innovation in developing China rural areas. They have the access to over one hundred prefectures and cities (over thousands of counties) in rural China. According to the news, the organization has a ride-sharing platform and have access to government funding. The immediate goal of this cooperation is to bring Anyang swapping station supported EVs online and ready for business.
Taxi and ride-sharing market is the business they are focusing on, which will better manifest their technological advantages and profitability over traditional fuel vehicles. I'm anticipating more and more good news flowing out of ZJMY in the near future.
This is a great finding.
All the swapping stations and charging poles have to be connected to the electric supply of China Grid. So service providers have to work with the monopoly China Grid.
It seems to me that ZJMY swapping station network system is an implementation of China Grid proposal.
ZJMY's Three Tier Swapping Station and Service Network System
According to Professor Han, ZJMY swapping station system consists of three tiers of stations and services:
1. Central Station:
In a typical urban area of five million population, there will be 2-8 central stations. Each provide battery charging and swapping for 360 commercial EVs in double shifts. Ancillary services provided include battery leasing, battery testing, battery maintenance, and battery life support.
2. Standard Station:
A five million population city requires 30-80 standard stations, each provides charging and swapping services for 120 commercial EVs in double shifts, along with limited battery testing and simple maintenance capability.
3. Box Convenience Station:
Three to eight hundred mini-stations of shipping container size station will be installed in a five million population city. Each station can be maximally equipped with 30 back up batteries, provides up to 65 times of charging and swapping. This type of station will be fully automatic and without human operation. It will be parked on street corner, roadside, under bridge, or any other spare space.
The three tier system provides a complete solution to replace fuel vehicles and gas stations.
The Anyang station could be a central station. There will be many central, standard and convenience stations to be built.
How big is the EV battery swapping market in China?
According to CTO Han Jianfang's estimate, there are about three million commercial vehicles including taxi and hailing-sharing vehicles, which requires about 25000 standard size swapping station, plus back up batteries, total costs 14 million yuan for each station. The investment market alone will be mounting to 350 billion yuan, or roughly 50 billion USD. If the personal vehicles are included, the market will be way over one trillion yuan.
Right now many EV manufacturers are paying very close attention to ZJMY's Anyang swapping station, including BAIC, Dongfeng Nissan (https://en.wikipedia.org/wiki/Dongfeng_Motor_Co.,_Ltd.), Chery (https://en.wikipedia.org/wiki/Chery), and Haima Auto (https://en.wikipedia.org/wiki/Haima_Automobile). Some of them already have established strategical relation with ZJMY.
When Anyang swapping station model succeed, ZJMY will play a leading role in building swapping station and service network in China, and get a decent piece of the pie of trillion yuan.
There is a saying in Chinese that taking ten years to sharpen a sword, meaning persistence is the key to success.
Now it is time for ZJMY to show us the sword.
Yes, your outline is right.
Even though good connection does not guarantee the success of a business, but it helps.
I was surprised to realize that this ZJMY project started with the direct support and endorsement from previous president HU Jintao and has direct connection with current president XI Jinping.
How did the ZJMY's battery swapping technology development start?
In 2008, Mr. Han Jianfang, then the head of office of national development strategy research, under the center of political economics research at Tsinghua university, wrote a article titled "China should take its own technological pathway for its electric vehicle". The article was adopted by his boss for the "two sessions" proposal, Professor Cai Jiming, the director of the center of political economical research. In March 2009, Professor Cai gave a speech of the proposal, at the Chinese people's political consultative conference (CPPCC). Cai's speech caught the attention of Chinese President Hu Jintao who was attending the session. President Hu said that Professor Cai's speech is very good, China is many years behind western countries in traditional vehicles, we could only follow, copy and learn, but very hard to surpass. But for electric vehicles, we all are standing on the same starting point. Therefore we should definitely stick to our own technological pathway , to solve the bottleneck technological problems facing electric vehicles: short range, difficult in charging and swapping battery, short battery shelf life, etc. I hope your team continue work on core electric vehicle technology development, and make some breakthroughs in electric vehicles in China.
Started March 2009, Han Jianfang took on the mission to research and develop core EV technology, worked with several companies, finally landed on a long term collaboration with ZJMY.
Professor Han's formal boss, Professor Cai Jiming, currently serves as a member of of the National Committee of the Chinese People's Political Consultative Conference (http://www.sss.tsinghua.edu.cn/publish/sssen/8413/index.html). Prof. Cai was one of thesis adviser at Tsinghua University for Xi Jinping.
Attorney Letter with Respect to Current Information Posted Today
https://backend.otcmarkets.com/otcapi/company/financial-report/216165/content