In this paper we use the recent developments in the representation theory of locally compact quantum groups, to assign, to each locally compact quantum group $\mathbb{G}$, a locally compact group $\tilde {\mathbb{G}}$ which is the quantum version of point-masses, and is an invariant for the latter. We show that ``quantum point-masses" can be identified with several other locally compact groups that can be naturally assigned to the quantum group $\mathbb{G}$. This assignment preserves compactness as well as discreteness (hence also finiteness), and for large classes of quantum groups, amenability. We calculate this invariant for some of the most well-known examples of non-classical quantum groups. Also, we show that several structural properties of $\mathbb{G}$ are encoded by $\tilde {\mathbb{G}}$: the latter, despite being a simpler object, can carry very important information about $\mathbb{G}$.

We study the type decomposition and the rectangular AFD property for $W^*$-TRO's. Like von Neumann algebras, every $W^*$-TRO can be uniquely decomposed into the direct sum of $W^*$-TRO's of type $I$, type $II$, and type $III$. We may further consider $W^*$-TRO's of type $I_{m, n}$ with cardinal numbers $m$ and $n$, and consider $W^*$-TRO's of type $II_{\lambda, \mu}$ with $\lambda, \mu = 1$ or $\infty$. It is shown that every separable stable $W^*$-TRO (which includes type $I_{\infty,\infty}$, type $II_{\infty, \infty}$ and type $III$) is TRO-isomorphic to a von Neumann algebra. We also introduce the rectangular version of the approximately finite dimensional property for $W^*$-TRO's. One of our major results is to show that a separable $W^*$-TRO is injective if and only if it is rectangularly approximately finite dimensional. As a consequence of this result, we show that a dual operator space is injective if and only if its operator predual is a rigid rectangular ${\OL}_{1, 1^+}$ space (equivalently, a rectangular

Our objective in this sequel to \cite{MSp96a} is to develop extensions, to representations of tensor algebras over $C^{*}$-correspondences, of two fundamental facts about isometries on Hilbert space: The Wold decomposition theorem and Beurling's theorem, and to apply these to the analysis of the invariant subspace structure of certain subalgebras of Cuntz-Krieger algebras.