RE:new video interview The interview filled in a few more gaps but things are still not clear. Cubeler NA will not be the same biz model as China. Co.s will be attracted to Business Hub for various offered services and the data collected on commercial transactions will be anonymized and sold to consumers as apps that require subscription.
Some pertinent info from prior disclosures...
“There are several reasons why we’re so excited about our recent acquisition of Cubeler,” commented Peak CEO Johnson Joseph. “The most obvious ones are the expected impact on our revenue and our unfettered access to markets beyond China, but what I’m personally most enthusiastic about is introducing the world to our consumer-focused applications leveraging the vast amount of data at our disposal and our AI capabilities. While we don’t expect those applications to impact our 2021 numbers as they are still being developed, we do expect them to account for more than 1/3 of our revenue by 2023 [$814 million] and to eventually become the biggest source of revenue for the Company shortly thereafter.
As important as the Chinese market is to the Company, Tenet anticipates that over 50% of its revenue will be generated outside of China by 2024, which would not have been possible had the Company not reached an agreement to acquire Cubeler.
This meant that the Issuer also spent a considerable amount of time during the period on the rebranding of “Tenet” and “Cubeler” and the branding of “Tenoris3”, the entity under which the Issuer will market most of its consumer-based AI product offering.