VIP Class Notes (Tibo) (S)
Today we focused on:
IPO , universal income and digital yuan
Homework
research on the pilot digital yuan program and the digital yuan airdrop in Shenzhen
+ universal income program in Korea
Speaking exercise
ant financial is going to IPO in SH and HK on Nov 5 and it is set to raise USD34 b if the price of the IPO is going to increase by 15% the valuation of the ant group will be higher than the valuation of Maotai group.
If it more than doubles the valuation of ant group will be higher than Tencent.
which company is the biggest company of the ant group
the ant group has many revolutionary technologies / ground breaking tech and it will keep going with the trend of society.
ant financial is going to IPO in SH and HK on Nov 5 and it is set to raise USD34 b.
If the price of the IPO increases by 15% the valuation of the ant group will be higher than the valuation of the Maotai group. / will exceed the valuation of the Maotai group
If it more than doubles the valuation of ant group will be higher than Tencent.
the ant group has many revolutionary technologies / ground breaking tech and it will keep going with the trend of society.
Vocabulary
stimulus (n) thing or event creating a reaction
The use granted a stimulus of 1,200 to every American
to grant (v) : agree to give / allow
The company granted employees the right to work from home
grant (n) : money received for a purpose
He received a usd 10,000 grant for his research
to stimulate (v) : do something to create a reaction
The doctor tried to stimulate my leg but it didn’t work
to exceed (v) : be more than
The performance of the stock exceeded our expectations
fungible (adj) replaceable
money is fungible. 1 dollar is always worth 1 dollar no matter the coin or banknote
non fungible (adj) which cannot be replaced
art is non fungible, copies/fakes have 0 value
furious (adj) : very very angry
She was furious when she learned he had cheated on her
to launch ( v/n) : to start / release
Apple launched the new iPhone 2 weeks ago
China will launch the digital yuan in the coming years
I was invited to the product launch
layer (n) level
Alipay builds a second layer on top of the first layer which are banks
scandal (n) : something ugly revealed to the world
The scandal made the price drop by 50%
locally (adj) in your city
You have to spend it locally
universal income (n) : giving everyone some money so that they can live
The universal income program is available to 13 million people in Korean
revolution (n) : something that changes how the society works entirely / a change in government
The French Revolution led the the death of the king
The industrial revolution led to a better life for everyone
revolutionary (adj)
The iPhone was revolutionary
third party (n) person or company outside of the considered parties
When you sign an NDA you promise not to tell secrets to third parties.
NDA (n) Non disclosure agreement
I signed an NDA
Pronunciation
launch
lunch
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