written by reader What’s the name of the company that has 1 tap ap that is shaped like a square barcode used to make payments

By backoffice, January 4, 2018

by swiping the phone screen at the cashier for payment. Thanks, welcome back and Happy New Year!

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Travis Johnson, Stock Gumshoe

The company most recently teased as the “one tap app” has been Tencent, by the Stansberry folks, but I don’t know if they pitched it for barcode or QR code reasons, perhaps someone else is using the same term. If you have a copy of the ad, feel free to send it along to ILoveStockSpam@gmail.com (or post a link here)

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daddyovb
daddyovb
2 years ago

Stansberry & Sjuggerud are pushing the “next Tencent.” There story is below:
“Steve remains bullish on Tencent – and Chinese stocks, in general…

But he recently recommended a company he believes could become the “next Tencent.” Only it’s likely not for the reason you suspect…

You see this company is not a Chinese technology firm… In fact, it’s not even a Chinese company at all. Instead, this firm shares what Steve believes is Tencent’s biggest strength: a digital “ecosystem,” which touches virtually every part of its users’ lives. As Steve pointed out in the most recent issue of True Wealth…

It took traveling to Beijing two summers ago for the light bulb to go on for me – I realized just how powerful and entrenched these ecosystems can be.

For example, if you want to call someone in Beijing, you don’t dial their phone number anymore. You call them on Tencent’s WeChat app. You don’t use any other service.

Don’t bother sending someone an e-mail in Beijing. It takes too long to hear back. Instead, message them on WeChat. You don’t use any other service.

Want to pay for something in Beijing? You might not be able to use cash… You can simply pay on your phone – with either Tencent’s or Alibaba’s mobile-payment system. You don’t use any other services.
And as Steve explained, these ecosystems can provide a powerful competitive advantage to the businesses that create them…

The crazy thing about these ecosystem-based businesses is that the customer doesn’t want to leave them. Everyone else is using them, too. You don’t want to force your friends to call you or message you on another app.

With these ecosystems, it’s a winner-take-all type of thing… It doesn’t matter who the No. 2 to Facebook is. The market leader is the only one that matters.

These ecosystem-style businesses could be the biggest stock market winners during the Melt Up. Apple does a great job keeping you in its ecosystem. So does Amazon. Facebook and Tencent are fantastic at it.
Steve says the “next Tencent” has created a similar digital ecosystem…

Again, this company isn’t based in China. And it’s certainly not a U.S. firm. Instead, it is the largest and most dominant e-commerce company in more than a dozen different developing countries. As Steve explained…

[This company] is already the market leader [in these countries]. It is already the dominant ecosystem player. And this leader is doing the right things.

And what really gets me excited here is that the company’s business model has shifted lately… [It’s] adding additional “ecosystems.”
Better yet, despite its dominant position already, the company is growing rapidly. And Steve says it still has plenty of growth ahead of it…

Revenues grew more than 60% in the most recent quarter, meaning that it’s growing even faster than Tencent and Alibaba…

But this snowball is just starting to roll down the hill. Keep in mind, e-commerce only makes up 3% of retail sales in [these countries]. [This company] will likely maintain its dominant position as that 3% increases exponentially in the coming years – as it has all over the globe.

Tencent’s stock market value is more than $500 billion. Meanwhile, [this company’s] market value is just $15 billion. It could double today and still be the equivalent of a rounding error in Tencent’s market value. There’s plenty of upside from here.”

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Jrl
Jrl
2 years ago
Reply to  daddyovb

Sounds interesting. Already have ten cent and shop

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