Shanghai university of international business and economics liu feng: yibang international listed difficulties than jia nan technology is greater

Rhythm BlockBeats news, Beijing business today reported that the Shanghai foreign economic and trade university institute of artificial intelligence and change management block chain, director of the center for technology and application, qiao said like jia nan technology listed, hundred million bond international public main business consistently profitable puzzles and regulatory constraints, but jia nan technology market, also in chip research and development and sales, as chip companies go public rationality is larger, and although hundred million bond international also has a research and development, but the core revenue still comes from the mill, therefore listed by jia nan technology more difficult.

Mr Liu said that yibang's us IPO, like the listing of kanan technology on nasdaq in 2019, followed an unsuccessful listing on the Hong Kong stock exchange. The core reason for this move is still that the company does not meet the "listing adaptability". First, the mining machinery business is heavily dependent on the price quotation of the virtual currency trading market. In addition, most yibang international operating companies are registered in the mainland of China, and the business legal environment cannot be satisfied. The current supervision does not recognize the virtual currency trading market, so there is great legal uncertainty.

In liu feng's opinion, the current pain point for the development of bitcoin miners is that the business that contributes revenue is too single. If only relying on the sales of mining machines and parts as the only source of income, it will be limited to the volatile virtual currency market and bring profit instability.

For the subsequent development of bitcoin miners, liu feng suggested that, on the one hand, it is still necessary to develop its own core technology, improve computing power, reduce costs, and build its own technical barriers. On the other hand, the multi-income business structure can be expanded. For example, the mining machine not only provides block chain computing power, but also diverts part of the computing power to support artificial intelligence, big data and cloud computing. Only by diversifying the business can the company improve its core competitiveness.

Ebon international, a bitcoin miner, is reportedly planning to switch to the us for an IPO after losing its bid to the Hong Kong stock exchange twice. On April 24, ebon filed its prospectus with the securities and exchange commission (SEC). But according to the prospectus, the company suffered a net loss of $41.07 million in 2019, a debt of $57.04 million and a lawsuit. Analysts see a range of business, regulatory and legal risks as adding uncertainty to the listing.

Source link:http://www.bbtnews.com.cn

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