With short videos being the popular focus on TikTok, food and cooking as a category has grown exponentially in recent times. Now, it seems like the social media app is looking to commercialize on this trend as well, by opening delivery only restaurants in the US.
The short video sharing platform made the announcement of entering the restaurant business earlier this month on December 17. The company is seeking to launch its takeaway based Virtual Dining Concepts that will have TikTok Kitchen locations open up in various regions in the US. This is set to start from March and will be based around the popular foods and recipes that garner millions of views on the platform.
Notably, Virtual Dining Concepts has even back celebrity and non celebrity restaurants like the MrBeast Burger. According to founder Robert Earl, around 300 TikTok restaurants are planned to open up all across the US, with more than 1,000 expected to open up sometime by the end of next year. He further adds that the success of the business could be similar to the MrBeast Burger, which saw an explosive success in the US.
Earl said that “Look, you have a platform with a billion viewers monthly who are constantly engaged, as the numbers show. It’s the first time there’s a brand like this out there—an audience of hundreds of millions of people.” These new restaurants will also operate out of national chains that is owned by Earl, which includes Buca di Beppo and Bertucci’s. $Meta Platforms(FB.US)$ $Tencent(TCEHY.US)$ $KUAISHOU-W(01024.HK)$ $Twitter (Delisted)(TWTR.US)$

$Velo3D(VLD.US)$ if u not rubbish, go up

$SIA(C6L.SG)$ just hold on long term.

$Rivian Automotive(RIVN.US)$ declined after lower production forecast in 2022. Price is now lower than opening trade on IPO day. The company is saying that it will be falling short of its 2021 production target of 1200 by a few hundred vehicles due to supply constraints. Other automakers have also talked about supply chain issues in the past.
Analysts are still bullish on the stock. RBC and WedBush Securities have price targets of $165 and $130. Average PT is $135. This is a supply issue and clearly not a demand issue. And its affecting other automakers too. This pullback may be a good opportunity to buy.

$Velo3D(VLD.US)$ still got hope for this stock?

Shares of $Alibaba(BABA.US)$ rose in Hong Kong on Wednesday, while $Baidu(BIDU.US)$ , $JD.com(JD.US)$ , $XPeng(XPEV.US)$ and $Li Auto(LI.US)$ fell and $Tencent(TCEHY.US)$ traded flat.
What’s Moving: Chinese e-commerce giant Alibaba’s shares traded 3.5% higher at HKD 122.90 in Hong Kong, while peer JD.Com’s shares have lost 1.3% to HKD 300.60.Alibaba has registered a new company named Yuanjing Shengsheng in Beijing to test the gaming potential of the metaverse, it was reported on Tuesday, citing the South China Morning Post. Technology company Baidu’s shares have fallen 1.1% to HKD 138.70, while tech conglomerate Tencent’s shares traded flat at HKD 459.20. Electric vehicle maker Xpeng’s shares have lost 1.4% to HKD 173.80 and peer Li Auto is down 0.7% to HKD 121.60. Hong Kong’s benchmark Hang Seng Index opened higher on Wednesday and was up 0.2% at the time of writing. The index closed 1.3% lower on Tuesday, extending losses to a third straight session.
Why Is It Moving? The Hang Seng Index traded slightly higher amid optimism China will further ease policies to support economic growth.
Economic data released on Wednesday painted a mixed picture of the Chinese economy. China’s industrial output for November rose 3.8% year-over-year and beat expectations for a 3.6% rise, according to a report by Reuters.
Meanwhile, retail sales in November increased 3.9% from a year earlier, but was below the 4.6% growth expected, underscoring the headwinds facing the world’s second-largest economy.  
Nevertheless, investors remained cautious ahead of the U.S. Federal Reserve’s monetary policy announcement due later on Wednesday. The Fed is widely expected to accelerate its timetable for reducing bond purchases.

$Alibaba(BABA.US)$
What I find most exciting about the U.S. stock market is not knowing when a stock's fall will end. Alibaba is down 66% from its peak, a 14-month decline with no end in sight.

$Sea(SE.US)$ You'll never catch the bottom. Don't wait and lose your shot. But if you buy on macro-induced dips on leading growth companies, you will ALWAYS profit in the long run. Stop asking "where's the bottom," or "is it overvalued?" Imagine how many people had similar conversations when dealing with tech giants. You guys are going to be blown away with Shopee's revenue in 2022. Most people don't even understand what digital banking is going to do with SeaBank's initiatives in Indonesia. Garena's Free Fire may be slowing down, but you're a fool if you think they're not building more games for the future. Forrest is a quiet man, building his empire on a full digital infrastructure after learning from the successes and failures of $Amazon(AMZN.US)$ and $Alibaba(BABA.US)$ . So don't worry about all the short-term noise. Buy the dip, invest in the future.