Ann: Freeway Expanding into the China Market, page-66

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banksy808

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02/11/17

12:24

Post #: 28434885
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Originally posted by Jimjamzzz ↑

Here's what I still don't understand.

Android makes up over three quarters of the smart phone market in China but with google play only being available illegally via a vpn buisness is split between a few dozen APP stores.

- First they would need to localize everything to Mandarin and Cantonese.

- Than they would need secure completely new content for the Chinese market to populate not only the Freeway side of the buisness but also the overpass side of things as most of the current bundles are outlawed in China.

- Than they would have to negotiate contracts with each of the individual app stores which all take a 25-50% cut of any micro transactions on their platforms and would likely have to spend a small fortune seeding the APP out of their own pocket or get booted off the various play stores.

- Than they would need to advertise locally and keep everything updated and synced between all the available app stores which would be a nightmare.

Last I checked all the Chinese telcos are majority owned by the government (correct me if i'm wrong) meaning even if your buying carrier data through a reseller like Wang Xin you are essentially at the mercy of the Chinese Government if the platform does take off.

Throw into the mix that the Chinese MT system works of exploiting a handful of whales drowning in dirty money to offset the MT adverse general population and well ... seems crazy to me.

I want this to be more than a performance shares tick box (not a good sign mentioning it in the ann.) as I think it would be super interesting, realistically though I can't see it happening.

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The only thing 100% bulletproof and certain from this announcement

Is the issue of the performance shares

SYT Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
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Ann: Freeway Expanding into the China Market, page-66

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