ByteDance

“Not writing a bigger check into ByteDance.”

“I think they did it at a scale leveraging all of the revenues that they had gotten in China already via Dao Win and To Tiao and actually leverage that to really buy out the U.S. Market.”

“Likely, and I have no inside information here, I think ByteDance waits for the election, because they presume that Trump could get bought off by investors since, you know, he's a coin-operated person in his entire life, not just as in his presidency.”

“Probably ByteDance, and I would shut down TikTok immediately.”

“I mean, like, our base case is that it does get banned, and we still see a path. After making at least five times our money, even with TikTok not being part of that investment case.”

“They're the market leader in online advertising in China. And I think at the moment they're about number three in e-commerce in China.”

“I think it'll be public at some point. I think either in the US or Hong Kong, obviously one of those is probably a little bit more likely than the other.”

“I think they're gonna be one of the foremost AI companies on, on the planet over the next decade.”

“You know, since the iPhone came out in 2007, 2006, whatever it was, there's only been three companies built that did not exist before. That were a hundred billion dollar companies. ByteDance, Pindo Doe, and Uber.”

“This is the same size business in terms of earnings grows faster.”

“ByteDance North America is a, you know, single digit percentage of revenue.”

“Late last year we were buying ByteDance. We were paying five times earnings for it. It grows, like, 25, 30% a year.”

“Hong Kong, for sure. Like, by the way, Tencent's listed in Hong Kong. It's gigantic. Hong Kong, a hundred percent.”

“I think it is possible to see in a few years that this company's doing, you know, 70, eighty, hundred billion of earnings in the next five years.”

“ByteDance Grows at, you know, 30% a year with massive profits.”

“Zero percent chance it'll list in the US. No, I mean, just to answer it, I have no clue, but no, it'll list in Hong Kong.”

“When we were buying ByteDance stock, like, you know, we were buying it at prices, like, sub, you know, around two hundred billion dollars.”

“They had two bidders going for them at the time. And that was very, very interested in them at around, I'll say within 20% of that number, and, ah, one of them was Twitter, and the other one was TikTok, the founder of ByteDance, and founder just, you know, he …”