WeDoctor to Launch IPO in H2 2021, Set to Transform Chinese Tech Industry

• WeDoctor, a Chinese online healthcare services provider, is looking to float its Initial Public Offering (IPO) by H2 of 2021.
• The IPO plans are being considered either for a Hong Kong or US listing and the talks are still in the preliminary stages.
• Founded in 2010 in Hangzhou China, WeDoctor now connects more than 3000 hospitals, 300,000 doctors, and 200 million patients together.

WeDoctor, a leading Chinese online healthcare services provider, is looking to launch its Initial Public Offering (IPO) by the second half (H2) of this year. The news was reported by Bloomberg, citing people familiar with the matter. The report also noted that the firm is considering either a Hong Kong or US listing for the IPO, though talks are still in the preliminary stages and the plans could still change.

WeDoctor was founded in 2010 in Hangzhou, China, and has since grown to occupy a very pivotal position in the telemedicine sector in the country. The firm connects more than 3000 hospitals, 300,000 doctors, and 200 million patients together, transforming access to medicine in an innovative digital manner.

The current IPO plans of WeDoctor come off as the second attempt by the firm to launch its IPO, after its first attempt was crushed by the Chinese government’s crackdown on homegrown tech companies in 2021. However, the situation appears to have changed, as the Chinese government is now easing down on its crackdown.

The firm is backed by Tencent, a Chinese multinational investment holding conglomerate. In 2018, Tencent invested $500 million in WeDoctor, valuing the firm at $5 billion. The investment also included an agreement to integrate WeDoctor’s service into Tencent’s WeChat messaging service.

WeDoctor has also made several acquisitions over the years, with the most recent being the acquisition of Yunfeng Capital-backed Jiahui Health in 2019, a Shanghai-based private health services provider. The company also acquired fellow online healthcare firm Yibao Health in 2017 and has also made investments in several health tech startups.

If the WeDoctor IPO is successful, it will be seen as a major victory for the Chinese tech industry. It could also set a precedent for other tech firms in the country to follow suit, and could potentially open up the market for more Chinese tech companies going public.

Cathie Wood Invests $5M in Coinbase, Showing Faith in Crypto Ecosystem

• Prominent fund manager, Cathie Wood, has acquired an additional $5 million worth of Coinbase stock.
• Coinbase stock is currently trading around its lowest, having dropped as much as 86% in the year-to-date period.
• Cathie Wood’s company, ARK Fintech Innovation ETF (ARKF), has invested in Coinbase for the fourth time.

Prominent fund manager, Cathie Wood, has been increasing her bullishness on the crypto ecosystem, recently investing an additional $5 million worth of Coinbase Global Inc (NASDAQ: COIN) stock. This is the fourth time her company, ARK Fintech Innovation ETF (ARKF), has invested in Coinbase, with a total of 158,000 shares purchased.

Coinbase has seen a significant drop in its stock price when compared to its spot price earlier in the year. Despite closing 6.92% on Thursday, pushing the stock to a price of $34.78, Coinbase (COIN) is still trading around its lowest, having dropped as much as 86% in the year-to-date period. This has caused many investors on Wall Street to be increasingly bearish on the digital asset’s stock.

However, Cathie Wood is not deterred by the selloffs, and has taken an opportunity to stock up on Coinbase, which is now the largest crypto exchange in the United States. In December, a total of $3.2 million of the exchange’s stock was acquired by ARKF, and the latest acquisition is part of the company’s effort to solidify its bag at this time when most investors are shunning the shares.

Coinbase’s stock has been on a rollercoaster of ups and downs since its Nasdaq debut in April, and has seen some volatility in the last few weeks. Despite this, Cathie Wood is confident in her recent acquisition, and believes Coinbase will be able to capitalize on the increasing demand for digital assets. With the latest investment, she is sending a strong signal to the market that she is confident in the long-term potential of Coinbase, and the crypto ecosystem in general.

Crypto Investor Avraham Eisenberg Arrested on Fraud Charges

• Avraham Eisenberg was recently arrested in Puerto Rico on charges bordering on market manipulation and fraud.
• The mid-October exploit saw Eisenberg making away with $110 million worth of crypto, eventually causing the platform to become insolvent.
• Eisenberg has been slammed with commodities fraud charges in the MNGO case.

Avraham Eisenberg, a crypto investor, recently experienced a rude shock after he was arrested in Puerto Rico on charges bordering on market manipulation and fraud. This followed after he took advantage of a loophole on the DeFi trading platform Mango Markets.

The mid-October exploit saw Eisenberg making away with $110 million worth of crypto, eventually causing the platform to become insolvent. Eisenberg, however, insists that he and his team had only “operated a highly profitable trading strategy.” He also maintains that they only carried out market actions that were legally permitted by the protocol.

The arrest of Eisenberg has predictably led to reactions from the crypto community, particularly regarding the terms of the charges he faces. Notably, it has been reported that Eisenberg has been slammed with commodities fraud charges in the MNGO case.

This has raised questions about the legal status of digital assets, such as cryptocurrencies and DeFi tokens, with some arguing that such assets should not be treated as commodities. Others, however, have argued that the commodities market is the best fit for such digital assets, given the high level of volatility and speculation associated with them.

It remains to be seen how the legal proceedings against Eisenberg will conclude, and whether they will set a precedent in terms of how digital assets are regulated. Whatever the outcome, the case will likely be a landmark one, as it could ultimately shape the future of the crypto and DeFi markets.

L’amministratore delegato di BlockFi ritiene che i millenni di adozione di Bitcoin aumenteranno negli anni a venire.

Secondo un panelista al summit BlockShow di quest’anno a Singapore, una generazione assediata dai debiti degli studenti, dai bassi salari e dalla mancanza di risparmi può riscrivere le proprie narrazioni finanziarie usando il Bitcoin e la crittovaluta.

Il panel ha discusso l’impatto di Millennials sul futuro dei beni digitali. Il penale ha visto la partecipazione di Aya Kantorovich di FalconX, Zac Prince of BlockF, Zac Prince of BlockF, e Michael Sonnenshein di Grayscale. Il risultato del vertice è stato che la generazione del Millennio avrebbe favorito l’adozione del bitcoin.

Il CEO di BlockFi ha identificato tre principali tendenze di adozione dei Bitcoin.

Durante la discussione, il CEO di BlockFi, Zac Prince, ha identificato tre importanti tendenze di adozione dei Bitcoin Billionaire che sono indissolubilmente legate ai Millennial e agli investitori più giovani. Egli ha notato che il trasferimento di ricchezza in corso da Baby Boomers ai giovani attraverso le eredità, la crescita di attività alternative, e il cambiamento della preferenza per tutto ciò che è digitale. Secondo il fornitore di dati Preqin, gli asset alternativi in gestione hanno superato a giugno i 10.000 miliardi di dollari a livello globale, con un incremento di oltre il 55% rispetto al 2013. Sebbene gran parte di questo cambiamento si sia verificato a livello istituzionale, Millennials svolgerà un ruolo sempre più vitale in questo mercato.

Zac Prince si aspetta che crypto cresca come quota di quel secchio di alternative.

L’amministratore delegato di BlockFi ha detto che si aspetta che crypto cresca come quota di quel secchio di alternative. “I Millennials investiti da Crypto sono un gruppo di valore folle, e queste sono persone che erano in anticipo su questa tendenza”, ha aggiunto. Secondo lui, è solo questione di tempo prima che altre istituzioni finanziarie creino delle rampe per servire questi demografi. Aya Kantorovich, responsabile della copertura istituzionale di FalconX, ha detto che è davvero una questione di accessibilità. Anche se meno rialzista rispetto alle tendenze attuali del Millennio, Kantorovich ha detto che la sua azienda ha visto un grande afflusso di aggregatori al dettaglio e di fornitori di pagamenti che “hanno bisogno di una buona liquidità”, il che è un chiaro indicatore di una crescente adozione a livello di consumatori.

Was bedeutet “Mond” bei Crypto Investing?

Krypto-Investition
Eine Altmünze kann plötzlich im Preis steigen, aber “Mooning” ist seltener, als viele denken.
Die altcoin Welt ist gespickt mit Slang, dank der Kommentare von Mitwirkenden auf Reddit und anderen Internet Message Boards. Die Begriffe “Mond” oder “Mooning” können ihren Ursprung in Foren-Threads haben, wo man oft behauptet, dass eine Altmünze “Mooning” ist.

“Moon” oder “Mooning” ist nur ein extremer Preisschub, wie in “This altcoin is going to the moon”! Ähnlich wie “HODL” und andere Slang-Begriffe ist es nur eine andere Art, etwas ziemlich Direktes zu sagen. Es ist auch kein Begriff, den man für bare Münze nehmen sollte.

Jeder Vermögenswert wird eine gewisse Volatilität aufweisen, und Altmünzen sind keine Ausnahme von dieser Regel. Wie jeder erfahrene Anleger Ihnen sagen kann, kann diese Volatilität ihre Vorteile haben, d.h. einen riesigen Anstieg und ihre Nachteile, nämlich einen massiven Einbruch. Es ist auch einfach für die Unerfahrenen, eine riesige Spitze zu erwarten, wenn ein Vermögenspreis steigt, nur damit er plötzlich fällt, und das gilt für jede Altmünze, vielleicht noch mehr, wenn Investoren versuchen, den Preis zu erhöhen, oder einfach zu viel in die Verschiebung eines jeden Marktes an einem bestimmten Tag lesen.

Mit anderen Worten, “Mooning” spiegelt eher den Glauben der Investoren wider, nicht die Bewegung eines tatsächlichen Marktes. Wie bei jedem anderen Vermögenswert kann es sinnvoll sein, die tägliche Anlage im Auge zu behalten. Aber größere finanzielle Verschiebungen werden selten von jemandem auf Twitter angekündigt, also halten Sie einen Salzstreuer neben Ihrem Portfolio, wenn ein weiterer “Mond” am Horizont erscheint. Abonnieren Sie noch heute den Bitcoin Market Journal Newsletter, um die neuesten Nachrichten über altcoins und bitcoin zu erhalten!