Sunday, March 24, 2024 9:24:31 AM
JFH is like a smaller Amazon, that's nationalized to China. Amazon has ~310MM active users, while JFH has 70MM. Their App platform allows merchants to connect to buyers; however, they have their own line of products similar to "Amazon Basics". They have physical location stores like Amazon Whole Foods.
There's a lot of similarities, but what's different is that they offer a loyalty program. The more you buy from their App, the more tokens you get. Imagine everytime you bought from Amazon, you would receive tokens that could be converted to $AMZN shares after 1 year. This is a powerful model as it incentivizes their already huge consumer base (5% of China population) to remain loyal consumers with a vested interest.
If this was a new company trying to do this, it would be different. They are already successfully running a profitable business and about to go public. I don't have much faith in many OTC companies making it to #NASDAQ but if any of them have a shot, it's one as big as this.
Just my opinion based on all of the amazing DD and speculation over the last 2 months.
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