Recently, YUTU has received extensive visits from the outside. Among the visitors were Charles Wang, managing director of Nomura Securities, the biggest Securities Company in Japan, Yikai Zhu, general manager of YF Capital, Fengjie Zhang, vice president of Fusun investment and Yonglin Fan, vice president of Sequoia Capital, etc. According to sources, the frequent visits from these investors might be related to the contemplated IPO of YUTU, a spin-out from Alibaba, on the New Board of HKEX. Some analysts also pointed out that YUTU could very likely become a strategic investment priority for the investment community as it had been actively developing IOV-Block Chain projects with large-scale real user communities.                            

According to official reports, YUTU now has almost 5 million e-commerce users in car spending and its APP, AYocar has nearly 70 million subscribers. YUTU has expanded its services beyond New Retail in automotive industry, insurance, comprehensive health, to private cloud services for industrial big data, etc. YUTU has also developed a mobile Internet mobile platform named DAShare and owns 11 software copyrights and patented technologies. As a fast-growing Internet company and with an estimated market value of tens of millions US dollars, its IPO could be a worthy projects for both the New Board of HKEX and NASDAQ.

Meanwhile, the innovative application of IOV-Block Chain technology by YUTU is quite noteworthy. Ansel Qi, CEO of YUTU as well as former Alibaba Executive once made passionate statements via his WeChat Moments that would go All In on IOV-Block Chain projects with the tens of millions users, which would force fake blockchain projects that had no real users out of the market. It is to the author’s knowledge that Carlive Chain, an IOV-Block Chain project initiated by YUTU has already finished the cornerstone investment round. Among the investors are agencies from Wall Street and Silicon Valley. Giant investors like Goldman Sachs might also be involved. The author has sent emails to Micheal, Spokesman of YUTU, for proof but has not received any official response yet. Once companies like YUTU, which have tens of millions of Internet users enter the block chain community, the user groups of the whole block chain community will increase significantly, which could be nothing but good news for a prosperous market.