Their plan was to create three public companies (entities under different symbol), each with market cap on the scale of hundreds of billions of rmb. This was the beginning of current year before dolv announcement. Now we already have one. They will make dolv worth hundreds of billions rmb. Please note that it is very rough number.
Please consider each public company as an umbrella to host a group of companies.
The next one group going public I think will be their e-commerce companies, including antaoh.com, money tree smart phone A9 which is also a POS machine I believe, and the payment system developed by smaier group. They are organically growing together. This group will not going under dolv but will be new symbol.
What HUANG Hua explained was that this part of business is in competition with alibaba. Alibaba has taobao + alipay, but they have antaoh.com + anzipay +POS. I also noticed they ordered everything from antaoh.com, and they use money tree smart phone for everything, ordering online, paying bill in restaurant, and wechat, plus use as a cellphone.
During the annual meeting, ceo said that smaier team was preparing going public while ZJMY was in the process of going public. ZJMY is already a reality, the next one will be smaier group. The preparation in my understanding is mainly financial report and auditing. We should hear about this one soon I guess.
By the way it is not necessary that smaier going public has to be in the US market. It could be another market.
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