Last year, ARK estimated that in 2024 Tesla’s share price would hit $7,000 per share, or $1,400 adjusted for its five for one stock split. Based on ARK‘s updated research, it now estimates that the price could approach $3,000 in 2025.
Three months ago, Reuters said ByteDance was in talks to buy into CMGE Technology. Even though the information was refuted by both parties, the Chinese mobile games publisher then started to gain more attention from the public. So why did CMGE Technology invest in Baosheng Media Group this time?
In 2021, Chinese companies have held 15 IPOs so far. Four of them are Biotech and pharmaceutical-related companies.Universe Pharmaceuticals would join them, and be the first US-listed Chinese company that is focusing on the traditional Chinese medicine derivatives market.