Is ByteDance Actually Undervalued?

Key Takeaways

It's been almost 5 years that there has been talk in the US about a Tik Tok ban and you know regulators and the president have discussed that as a real possibility. That question is going to get resolved in about a week. So next week that's when the deadline uh looks like it's it's going to pass and it looks like bite dance has so far been able to come up with some financing partners with a deal that should in theory appease the the president and bring it into compliance with that order. And so I think that'll remove a lot of uncertainty for advertisers, for customers, even for sellers on Tik Tok shop. But you know the other question Akos to your point besides all of this regulatory stuff is twofold. I think firstly investors in the US especially do tend to apply a discount to all Chinese companies. So even though Tik Tok might be able to resolve their issue of US ownership, there still might be um you know some jitters, some uncertainty around you know can the deal actually close and what does the future look like in terms of the geopolitical tensions. Gens.