[Featured Stock] Mobidays, US Trump-Boosted TikTok Valued at 418 Trillion Won... Official Partner Spotlighted↑

MobiDays is showing strong performance. This is interpreted as being influenced by news that ByteDance, the parent company of the Chinese video-sharing platform TikTok, has been valued at $300 billion (approximately 418 trillion KRW).

As of 2:16 PM on the 18th, MobiDays is trading at 1,573 KRW, up 3.76% compared to the previous day.

According to foreign sources, ByteDance recently proposed a share buyback to investors and internally set its corporate valuation at about $300 billion. This marks a steady increase from $225 billion in October 2023 and $268 billion at the end of last year.

Earlier, the U.S. administration under Joe Biden and Congress passed the TikTok Ban Act in April, expressing concerns over the possibility of Chinese authorities accessing TikTok-related information. According to the law, ByteDance must sell TikTok by January 19 next year; otherwise, TikTok will be banned in the United States.

However, there are expectations that TikTok will be able to continue its business in the U.S. with the return of President-elect Donald Trump. Although Trump previously supported banning TikTok, in March of this year he effectively reversed his stance by stating, "If TikTok is banned, young people will be angry."

Meanwhile, MobiDays, a third-generation online advertising company, was selected as an official partner of TikTok in 2021. It is known to have continuously strengthened its partnership by being recognized for its ad-tech-based advertising efficiency capabilities.