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2021-03-22

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The Ministry of Industry and Information Technology strengthens the supervision of e-cigarettes, and Wuxin Technology plummeted before the market

2021-03-22

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There is no end in bike-sharing. Can IPO solve the problem?

2021-03-16

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US media: Biden plans to raise federal taxes, the first sharp increase since 1993

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$Zomedica Pharmaceuticals Corp.(ZOM)$fly soon?

2021-03-02

$Palantir Technologies Inc.(PLTR)$gogogo

2021-02-25

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2021-02-25

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17:01","market":"us","language":"zh","title":"The Ministry of Industry and Information Technology strengthens the supervision of e-cigarettes, and Wuxin Technology plummeted before the market","url":"https://stock-news.laohu8.com/highlight/detail?id=1165513991","media":"老虎资讯综合","summary":"周一，“国产电子烟第一股”$雾芯科技$美股盘前跌幅扩大至30%。消息面上，工信部公开征求对《关于修改〈中华人民共和国烟草专卖法实施条例〉的决定》的意见。意见稿中增加了一条附则：“电子烟等新型烟草制品参照本条例中关于卷烟的有关规定执行。”机构指出，我国对于电子烟的相关限制已逐步拓展到对行业消费群体以及销售渠道的限制。以目前趋势来看，国家对于电子烟使用的相关限制将趋于严格。（三）增强电子烟监管效能。","content":"<p>On Monday, \"the first domestic e-cigarette stock\"<a href=\"https://laohu8.com/S/RLX.N\">Fog Core Technology</a>The pre-market decline of U.S. stocks expanded to 30%.</p><p><img src=\"https://static.tigerbbs.com/136bb2d0459814f4131d2ce7de7a9bcf\" tg-width=\"600\" tg-height=\"373\" referrerpolicy=\"no-referrer\"></p><p>On the news side, the Ministry of Industry and Information Technology publicly solicited opinions on the Decision on Amending the Implementation Regulations of the Tobacco Monopoly Law of the People's Republic of China (Draft for Comment). A supplementary provision has been added to the opinion draft:<b>\"New tobacco products such as e-cigarettes shall be implemented with reference to the relevant provisions on cigarettes in these Regulations.\"</b></p><p>The agency pointed out that my country's relevant restrictions on e-cigarettes have gradually expanded to restrictions on industry consumer groups and sales channels. Judging from the current trend, the country's relevant restrictions on the use of e-cigarettes will become stricter.</p><p><b>\"About Modification<中华人民共和国烟草专卖法实施条例>Description of the Decision (Draft for Comments):</b></p><p>In order to implement the decisions and arrangements of the Party Central Committee and the State Council, further strengthen the supervision of new tobacco products such as e-cigarettes, and safeguard the legitimate rights and interests of consumers, we drafted the \"About Amending<中华人民共和国烟草专卖法实施条例>Decision (Draft for Comments) \"(hereinafter referred to as the\" Draft for Comments \"). The description is as follows:</p><p>1. The formation process of the \"Draft for Comments\"</p><p>Since its promulgation on July 3, 1997, the Implementation Regulations of the Tobacco Monopoly Law of the People's Republic of China (hereinafter referred to as the Implementation Regulations) have been revised twice in 2013 and 2016, and have played an important role in improving the quality of tobacco products, safeguarding the legitimate rights and interests of consumers and ensuring national fiscal revenue. In recent years, a series of new situations and problems have emerged in the field of market supervision of new tobacco products such as e-cigarettes, and it is necessary to revise and improve the Implementation Regulations. On the basis of full research, evaluation and demonstration in the early stage, combined with the characteristics of e-cigarette products and market development, and absorbing international regulatory experience, the Draft for Comments was studied and formed.</p><p>II. Modified contents and main considerations</p><p>In this revision of the \"Implementation Regulations\", an article will be added to the supplementary provisions as Article 65: \"New tobacco products such as e-cigarettes shall be implemented with reference to the relevant provisions on cigarettes in these Regulations.\" The main considerations are:</p><p>(1) Promote the legalization of e-cigarette supervision. In recent years, some new situations and problems have emerged in the field of market supervision of new tobacco products such as e-cigarettes, which are of great concern to all sectors of society. This revision is mainly to implement the requirements of the Party Central Committee and the State Council on promoting the legalization of e-cigarette supervision, clarify the legal basis for the supervision of e-cigarettes and other new tobacco products, and do a good job in linking up with the Law of the People's Republic of China on the Protection of Minors and other laws and regulations. Connect, and give full play to the important role of the rule of law in consolidating the foundation, stabilizing expectations, and benefiting the long term.</p><p>(2) It conforms to the characteristics of e-cigarette products and the current international regulatory practices. In view of the homogeneity of new tobacco products such as e-cigarettes and traditional cigarettes in terms of core ingredients, product functions, consumption patterns, etc., new tobacco products such as e-cigarettes should be implemented with reference to the relevant provisions on cigarettes in the \"Implementation Regulations\". This is also consistent with the regulatory methods of new tobacco products such as e-cigarettes in major countries and regions in the world.</p><p>(3) Enhance the efficiency of e-cigarette supervision. The implementation of new tobacco products such as e-cigarettes with reference to the relevant provisions on cigarettes in the \"Implementation Regulations\" will greatly improve the supervision efficiency of e-cigarettes, effectively regulate the production and operation activities of e-cigarettes, and solve the product quality and safety risks and false advertisements of e-cigarettes. issues, and effectively protect the legitimate rights and interests of consumers.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Ministry of Industry and Information Technology strengthens the supervision of e-cigarettes, and Wuxin Technology plummeted before the market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Ministry of Industry and Information Technology strengthens the supervision of e-cigarettes, and Wuxin Technology plummeted before the market\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-22 17:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Monday, \"the first domestic e-cigarette stock\"<a href=\"https://laohu8.com/S/RLX.N\">Fog Core Technology</a>The pre-market decline of U.S. stocks expanded to 30%.</p><p><img src=\"https://static.tigerbbs.com/136bb2d0459814f4131d2ce7de7a9bcf\" tg-width=\"600\" tg-height=\"373\" referrerpolicy=\"no-referrer\"></p><p>On the news side, the Ministry of Industry and Information Technology publicly solicited opinions on the Decision on Amending the Implementation Regulations of the Tobacco Monopoly Law of the People's Republic of China (Draft for Comment). A supplementary provision has been added to the opinion draft:<b>\"New tobacco products such as e-cigarettes shall be implemented with reference to the relevant provisions on cigarettes in these Regulations.\"</b></p><p>The agency pointed out that my country's relevant restrictions on e-cigarettes have gradually expanded to restrictions on industry consumer groups and sales channels. Judging from the current trend, the country's relevant restrictions on the use of e-cigarettes will become stricter.</p><p><b>\"About Modification<中华人民共和国烟草专卖法实施条例>Description of the Decision (Draft for Comments):</b></p><p>In order to implement the decisions and arrangements of the Party Central Committee and the State Council, further strengthen the supervision of new tobacco products such as e-cigarettes, and safeguard the legitimate rights and interests of consumers, we drafted the \"About Amending<中华人民共和国烟草专卖法实施条例>Decision (Draft for Comments) \"(hereinafter referred to as the\" Draft for Comments \"). The description is as follows:</p><p>1. The formation process of the \"Draft for Comments\"</p><p>Since its promulgation on July 3, 1997, the Implementation Regulations of the Tobacco Monopoly Law of the People's Republic of China (hereinafter referred to as the Implementation Regulations) have been revised twice in 2013 and 2016, and have played an important role in improving the quality of tobacco products, safeguarding the legitimate rights and interests of consumers and ensuring national fiscal revenue. In recent years, a series of new situations and problems have emerged in the field of market supervision of new tobacco products such as e-cigarettes, and it is necessary to revise and improve the Implementation Regulations. On the basis of full research, evaluation and demonstration in the early stage, combined with the characteristics of e-cigarette products and market development, and absorbing international regulatory experience, the Draft for Comments was studied and formed.</p><p>II. Modified contents and main considerations</p><p>In this revision of the \"Implementation Regulations\", an article will be added to the supplementary provisions as Article 65: \"New tobacco products such as e-cigarettes shall be implemented with reference to the relevant provisions on cigarettes in these Regulations.\" The main considerations are:</p><p>(1) Promote the legalization of e-cigarette supervision. In recent years, some new situations and problems have emerged in the field of market supervision of new tobacco products such as e-cigarettes, which are of great concern to all sectors of society. This revision is mainly to implement the requirements of the Party Central Committee and the State Council on promoting the legalization of e-cigarette supervision, clarify the legal basis for the supervision of e-cigarettes and other new tobacco products, and do a good job in linking up with the Law of the People's Republic of China on the Protection of Minors and other laws and regulations. Connect, and give full play to the important role of the rule of law in consolidating the foundation, stabilizing expectations, and benefiting the long term.</p><p>(2) It conforms to the characteristics of e-cigarette products and the current international regulatory practices. In view of the homogeneity of new tobacco products such as e-cigarettes and traditional cigarettes in terms of core ingredients, product functions, consumption patterns, etc., new tobacco products such as e-cigarettes should be implemented with reference to the relevant provisions on cigarettes in the \"Implementation Regulations\". This is also consistent with the regulatory methods of new tobacco products such as e-cigarettes in major countries and regions in the world.</p><p>(3) Enhance the efficiency of e-cigarette supervision. The implementation of new tobacco products such as e-cigarettes with reference to the relevant provisions on cigarettes in the \"Implementation Regulations\" will greatly improve the supervision efficiency of e-cigarettes, effectively regulate the production and operation activities of e-cigarettes, and solve the product quality and safety risks and false advertisements of e-cigarettes. issues, and effectively protect the legitimate rights and interests of consumers.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ba386c3541869b84e0878f0cb971079c","relate_stocks":{"RLX":"雾芯科技"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165513991","content_text":"周一，“国产电子烟第一股”雾芯科技美股盘前跌幅扩大至30%。消息面上，工信部公开征求对《关于修改〈中华人民共和国烟草专卖法实施条例〉的决定（征求意见稿）》的意见。意见稿中增加了一条附则：“电子烟等新型烟草制品参照本条例中关于卷烟的有关规定执行。”机构指出，我国对于电子烟的相关限制已逐步拓展到对行业消费群体以及销售渠道的限制。以目前趋势来看，国家对于电子烟使用的相关限制将趋于严格。《关于修改<中华人民共和国烟草专卖法实施条例>的决定（征求意见稿）》的说明：为贯彻落实党中央、国务院决策部署，进一步加强对电子烟等新型烟草制品的监管，维护消费者合法权益，我们起草了《关于修改<中华人民共和国烟草专卖法实施条例>的决定（征求意见稿）》（以下简称《征求意见稿》）。现说明如下：一、《征求意见稿》形成过程《中华人民共和国烟草专卖法实施条例》（以下简称《实施条例》）自1997年7月3日发布以来，于2013年、2016年进行了两次修改，在提高烟草制品质量、维护消费者合法权益、保证国家财政收入等方面发挥了重要作用。近年来电子烟等新型烟草制品市场监管领域出现了一系列新情况、新问题，有必要对《实施条例》进行修改完善。在前期充分调研、评估和论证的基础上，结合电子烟产品特点和市场发展情况，吸收国际监管经验，研究形成了《征求意见稿》。二、修改内容及主要考虑本次《实施条例》的修改，将在附则中增加一条，作为第六十五条：“电子烟等新型烟草制品参照本条例中关于卷烟的有关规定执行。”主要考虑是：（一）推进电子烟监管法治化。近年来电子烟等新型烟草制品市场监管领域出现了一些新情况、新问题，社会各方面非常关注。此次修改主要是落实党中央、国务院关于推进电子烟监管法治化的要求，明确电子烟等新型烟草制品的监管法律依据，并做好与《中华人民共和国未成年人保护法》等法律法规的衔接，发挥好法治固根本、稳预期、利长远的重要作用。（二）符合电子烟产品特性以及当前国际监管的通行做法。鉴于电子烟等新型烟草制品与传统卷烟在核心成分、产品功能、消费方式等方面具有同质性，对电子烟等新型烟草制品应当参照《实施条例》中关于卷烟的有关规定执行。这也与国际上主要国家和地区对于电子烟等新型烟草制品的监管方式一致。（三）增强电子烟监管效能。将电子烟等新型烟草制品参照《实施条例》中关于卷烟的有关规定执行，将大幅度提升电子烟监管效能，有效规范电子烟生产经营活动，解决电子烟存在的产品质量安全风险、虚假广告等问题，切实保障消费者合法权益。","news_type":1,"symbols_score_info":{"RLX":0.9}},"isVote":1,"tweetType":1,"viewCount":2161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359250095,"gmtCreate":1616405595617,"gmtModify":1704793597508,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555286705263146","authorIdStr":"3555286705263146"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359250095","repostId":"1196146182","repostType":4,"repost":{"id":"1196146182","kind":"news","weMediaInfo":{"introduction":"我们来自知名IT和财经媒体，专注于互联网+、电子商务、大数据、万物互联和人工智能。我们关注产业动态，技术趋势和商业变革，我们与你一起，迎接这个科技转变命运的时代。","home_visible":1,"media_name":"懂懂笔记","id":"1066040419","head_image":"https://static.tigerbbs.com/4e15097abde5468c897d6a3b51f78f1b"},"pubTimestamp":1616405036,"share":"https://ttm.financial/m/news/1196146182?lang=en_US&edition=fundamental","pubTime":"2021-03-22 17:23","market":"hk","language":"zh","title":"There is no end in bike-sharing. Can IPO solve the problem?","url":"https://stock-news.laohu8.com/highlight/detail?id=1196146182","media":"懂懂笔记","summary":"竞争烈度降低并没有改变共享单车本身的桎梏。","content":"<p>Text/Left Bank</p><p>Since August 2016, mobike announced its entry into Beijing and Guangzhou markets. Three months later, ofo went out of the campus to start city services. The bike-sharing war officially kicked off.</p><p>Five years later, mobike (brand) no longer exists, and there are still more than 10 million people waiting in line to refund the deposit in ofo (sharing bicycles are hard to see on the streets)... Meituan, Didi and Hellobike have become the new \"Three Kingdoms Killing\". When the wind disperses and the market structure stabilizes, the listing of bike-sharing enterprises seems to be the last threshold.</p><p>From the news of foreign media at the beginning of the year to the recent attention of domestic public opinion, the listing of Hellobike Travel seems to have become inevitable. It is reported that it will go public in the United States as soon as the second quarter of this year, with a financing amount between US $1 billion and US $2 billion. If successful, Hellobike will become the first stock in bike-sharing in the true sense.</p><p>Behind the listing, in addition to giving investors a chance to leave the market, the more important demand is the need for money.</p><p><b>Bike-sharing is still what it was five years ago</b></p><p><img src=\"https://static.tigerbbs.com/f28ac1a13b3ba7bdd5028322b69e62d1\" tg-width=\"480\" tg-height=\"320\" referrerpolicy=\"no-referrer\"></p><p>Hu Weiwei and Dai Wei, the two most beautiful people in the bike-sharing War, have now achieved two different fates. The former has become the representative of \"financial freedom in their 30s\" that countless people dream of, while the latter has become a figure almost as famous as Jia Yueting in the domestic Internet field.</p><p>After their departure, the bike-sharing market doesn't seem to have much new ideas. When mobike sold himself and ofo's capital chain broke, the whole industry quickly became an outcast of capital. A large part of the reason for the rapid change in capital attitude is that there is no hope of profit on the track of bike-sharing.</p><p>Nowadays, the three-legged confrontation pattern of bike-sharing market has long been determined. Under the premise that the market pattern will hardly change, unless the top three can reach a consensus of \"stopping burning money and taking profit as the business orientation\" like several leading enterprises in sharing charging treasures, there will be some possibility of profit. But for the top three, each backed by giants, it seems unlikely to reach such a consensus.</p><p>Among the top three in today's market, compared with the \"pro-son\" status of Meituan and Didi's respective bike-sharing business lines, although Hellobike, which will be listed independently this time, has always been backed by Ali, it seems to be more like an adopted son. This identity (role) gap has also deepened Hellobike's own anxiety to some extent.</p><p>Observing such a relatively independent existence as Hellobike may be able to better see the current development status of the entire bike-sharing industry.</p><p>Public data shows that Hellobike, established in September 2016, has completed 15 rounds of financing so far. In less than five years, the cumulative financing scale has exceeded 10 billion, and a round of financing can be completed in an average of four months. This speed and efficiency are quite amazing. Behind these successive financing measures, Ant Financial is the one that appears the most.</p><p>However, a noteworthy detail is that although Hellobike's financing efficiency is very high overall, its latest financing was in December 2019. At present, more than a year has passed since the last financing. For an entrepreneurial platform like Hellobike, which once had ultra-high financing efficiency, the window period of more than one year is a bit long.</p><p>In addition, according to a document from the Credit Information Center of the People's Bank of China, Hellobike has previously mortgaged all its bicycle assets to a wholly-owned subsidiary of Ant Financial for a period of three years (December 4, 2019 to December 3, 2022).</p><p>Stagnant financing and mortgaged bicycle assets all seem to tell the outside world that it is not so easy for bike-sharing enterprises to get money from capital when the wind passes.</p><p>On the other hand, the valuation of Hellobike, which has gone through 15 rounds of financing, is also a big \"threshold\". As early as the beginning of 2019, Li Kaizhu, co-founder and CEO of Hellobike, publicly revealed that Hellobike's valuation reached US $5 billion. After experiencing two rounds of financing in 2019, its valuation is likely to reach tens of billions.</p><p>The threshold brought by such a high valuation has also directly rejected a large wave of investors, and only those real capital giants have the ability to continue to bless. But bike-sharing is no longer the \"popular fried chicken\" in the eyes of investors in the past. Who is willing to invest a lot of money in such projects?</p><p>In this case, it is obviously the best way to continue to obtain financial support from the secondary market through IPO, and IPO is what early investors need most. After all, they need an exit channel.</p><p>This IPO rumor is not the first time that Hellobike has heard relevant news. In July last year, Li Kaizhu said to the outside world: \"If there is an opportunity, the Science and Technology Innovation Board will be considered.\" It can be seen that Hellobike's desire for funds is not only urgent, but also urgently needed.</p><p><b>Can price increases be exchanged for profits?</b></p><p><img src=\"https://static.tigerbbs.com/74fe589a0813bce2ef60b25c0fcb16ee\" tg-width=\"500\" tg-height=\"334\" referrerpolicy=\"no-referrer\"></p><p>I still remember that the initial bike-sharing war started, and Allen Zhu, an investor of ofo, made a malicious remark that it would take 90 days to solve the battle. Although the later reality hit Zhu Xiaohu in the face, it is undoubtedly the most commonly used method in the hot industry in the past few years to defeat competitors by burning money, achieve his absolute advantage in the market position, and then harvest the market by adjusting the unit price of customers.</p><p>However, judging from the current market structure, it seems unlikely that the top three will completely defeat their opponents in terms of volume. Perhaps they have already given up the idea of further expanding their market share by burning money. When the market structure is stable and the cultivation of users' usage habits is completed, it is inevitable that the unit price of customers will rise.</p><p>Just in recent days, Hellobike has increased the unit price of customers in Shanghai. At present, the charging rules for Hellobike bicycles in Shanghai are 1.5 yuan for the first 15 minutes, and 1 yuan for every 15 minutes thereafter, which is equivalent to 4.5 yuan for 1 hour. Prior to this, the charging rule of Hellobike bicycles was 1.5 yuan every 30 minutes, which is equivalent to 3 yuan for 1 hour.</p><p>However, this price increase still seems to be a drop in the bucket compared with the huge losses in the bicycle business.</p><p>Regarding the intensity of bike-sharing's losses, we can get a glimpse by analyzing Meituan's financial report. Nowadays, Meituan will not separately announce the specific profit and loss of bicycle business in its financial report, but we can see the specific figures of related businesses in the financial report of the year when Meituan acquired mobike in 2018: the 2018 financial report shows that from the wholly-owned acquisition of mobike in April 2018 to the end of the year, the revenue contributed by mobike was only 1.507 billion yuan; At the same time, mobike still lost 4.55 billion yuan.</p><p>If the financial data from January to March are included, then the annual loss of mobike in 2018 will most likely exceed 5 billion yuan, which is a very scary figure.</p><p>Of course, as the competition intensity in the industry decreases and the company's operating efficiency improves, losses will definitely decrease accordingly, but it seems impossible to achieve profitability through the bicycle business itself.</p><p>An employee of the bicycle business of a head enterprise revealed to Understanding Notes: \"It is necessary to raise the price of bicycles, and now the unit price of customers can't even make up for the loss caused by the loss of bicycle business every year. And on the whole, the use efficiency of bike-sharing is not high, especially in those second-and third-tier cities. Some cities in the north will have several months of vehicle hibernation every year, which are cost pressures.\"</p><p>Since last year, motorcycles in the field of two-wheeled travel have also become the focus of competition among the three industries. Meituan Wang Xing particularly emphasized at the second quarter financial report meeting last year that it will continue to increase investment in new business areas such as fresh food retail and motorcycles.</p><p>Admittedly, from the user's point of view, motorcycles provide a better user experience within an acceptable price range. However, from the perspective of business operating costs, motorcycles are a \"heavier\" business than traditional bicycles.</p><p>An insider of one of the Big Three in bike-sharing also revealed to Understanding Notes: \"The cost of stolen batteries of motorcycles can reach hundreds of millions every year.\"</p><p>Let me emphasize that it is not the loss of the whole bicycle, but only the theft loss of the battery part.</p><p>In addition, the above-mentioned person also pointed out that at present, the company's internal operation and maintenance management of motorcycle business has obviously not kept up with the speed of business development: \"Because of the characteristics of motorcycles themselves, especially the charging problem, it has higher requirements for offline operation and maintenance. However, at present, the company level cannot accurately see the charging situation of each motorcycle, including the specific daily work efficiency of operation and maintenance, so it can only simply calculate the remuneration for these operations and maintenance on a daily basis.\"</p><p>In its view, this situation also causes \"fishing\" to become the most common phenomenon. Now the most urgent task within the company is to complete the design of this management system. \"In recent months, developers basically get off work after 10 o'clock every day.\"</p><p>Fundamentally speaking, the reduction of competition intensity has not changed the shackles of bike-sharing itself. As a typical asset-heavy and operation-heavy business, problems such as high loss, low utilization, and heavy operation and maintenance always exist. How can the contradictions caused by these problems be achieved if we want to achieve breakeven or even profit simply by increasing the unit price of customers?</p><p><b>Create more imagination beyond two rounds?</b></p><p>Although it is impossible to achieve profitability from the two-wheeled vehicle business alone, it is undeniable that the huge market share has indeed accumulated a considerable amount of traffic for the top three.</p><p>For the two giants Meituan and Didi, the value of the bicycle business itself no longer lies in \"whether it can achieve profitability alone\". The huge traffic brought by the bicycle business can empower other related businesses and drive the development of other businesses. A typical example is that Meituan and Didi were the most active in several new trends that appeared last year, and in the development of these businesses, the traffic of bike-sharing played an important role in promoting them.</p><p>At the beginning, the original intention of Ant Financial to invest in Hellobike was more about its own data and traffic, especially its financial business. But now that ants are strong enough, the importance of Hellobike, which has been unable to make a profit, will naturally decrease.</p><p>From the standpoint of Hellobike, even in order to maintain a relatively high valuation, it cannot limit its business territory to the vertical field of two-wheeled travel. It needs more business to expand its liquidity and give itself more room for imagination.</p><p><img src=\"https://static.tigerbbs.com/5fddcdbddf9249a9c5d0ec4c3e063fe7\" tg-width=\"500\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p>Therefore, in the past few years, we have also seen new business areas expanded by Hellobike, including two-wheel, four-wheel, battery replacement, errands, fresh food, community grocery shopping, etc. And if you observe carefully, you can find that the overlap between Hellobike and Didi in terms of business selection is actually very high. The only difference may be the difference in volume between the two.</p><p>Coincidentally, shortly after the news of Hellobike's listing, the news of Didi's listing was also reported again. According to a recent report by 36kr, Didi may secretly submit its forms in the second quarter of 2021 and complete its listing in the third quarter. It is rumored that the listing location may not be the previously rumored Hong Kong Stock Exchange, but the US stock market.</p><p>Meituan and Didi are two giants, one has O2O and take-out as the basic disk, and the other is the absolute overlord in the domestic online car-hailing field. In their business matrix, the importance of bike-sharing or two-wheel business is relatively low, and the more purpose is to empower other businesses through the flow of two-wheel business and realize the value-added of a single flow.</p><p>From this point of view, they can endure long-term losses in two rounds of business and continue to \"play\".</p><p>However, as a company with two rounds of business as its basic market, Hellobike obviously does not have such confidence, especially under the premise that the two rounds of business cannot see profitability in the short term, and it needs continuous blood transfusion. It is expected that after the IPO, Hellobike will be able to regain the favor of the capital market, especially with the help of the secondary market to gain more room for development.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>There is no end in bike-sharing. Can IPO solve the problem?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThere is no end in bike-sharing. Can IPO solve the problem?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1066040419\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/4e15097abde5468c897d6a3b51f78f1b);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">懂懂笔记 </p>\n<p class=\"h-time smaller\">2021-03-22 17:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Text/Left Bank</p><p>Since August 2016, mobike announced its entry into Beijing and Guangzhou markets. Three months later, ofo went out of the campus to start city services. The bike-sharing war officially kicked off.</p><p>Five years later, mobike (brand) no longer exists, and there are still more than 10 million people waiting in line to refund the deposit in ofo (sharing bicycles are hard to see on the streets)... Meituan, Didi and Hellobike have become the new \"Three Kingdoms Killing\". When the wind disperses and the market structure stabilizes, the listing of bike-sharing enterprises seems to be the last threshold.</p><p>From the news of foreign media at the beginning of the year to the recent attention of domestic public opinion, the listing of Hellobike Travel seems to have become inevitable. It is reported that it will go public in the United States as soon as the second quarter of this year, with a financing amount between US $1 billion and US $2 billion. If successful, Hellobike will become the first stock in bike-sharing in the true sense.</p><p>Behind the listing, in addition to giving investors a chance to leave the market, the more important demand is the need for money.</p><p><b>Bike-sharing is still what it was five years ago</b></p><p><img src=\"https://static.tigerbbs.com/f28ac1a13b3ba7bdd5028322b69e62d1\" tg-width=\"480\" tg-height=\"320\" referrerpolicy=\"no-referrer\"></p><p>Hu Weiwei and Dai Wei, the two most beautiful people in the bike-sharing War, have now achieved two different fates. The former has become the representative of \"financial freedom in their 30s\" that countless people dream of, while the latter has become a figure almost as famous as Jia Yueting in the domestic Internet field.</p><p>After their departure, the bike-sharing market doesn't seem to have much new ideas. When mobike sold himself and ofo's capital chain broke, the whole industry quickly became an outcast of capital. A large part of the reason for the rapid change in capital attitude is that there is no hope of profit on the track of bike-sharing.</p><p>Nowadays, the three-legged confrontation pattern of bike-sharing market has long been determined. Under the premise that the market pattern will hardly change, unless the top three can reach a consensus of \"stopping burning money and taking profit as the business orientation\" like several leading enterprises in sharing charging treasures, there will be some possibility of profit. But for the top three, each backed by giants, it seems unlikely to reach such a consensus.</p><p>Among the top three in today's market, compared with the \"pro-son\" status of Meituan and Didi's respective bike-sharing business lines, although Hellobike, which will be listed independently this time, has always been backed by Ali, it seems to be more like an adopted son. This identity (role) gap has also deepened Hellobike's own anxiety to some extent.</p><p>Observing such a relatively independent existence as Hellobike may be able to better see the current development status of the entire bike-sharing industry.</p><p>Public data shows that Hellobike, established in September 2016, has completed 15 rounds of financing so far. In less than five years, the cumulative financing scale has exceeded 10 billion, and a round of financing can be completed in an average of four months. This speed and efficiency are quite amazing. Behind these successive financing measures, Ant Financial is the one that appears the most.</p><p>However, a noteworthy detail is that although Hellobike's financing efficiency is very high overall, its latest financing was in December 2019. At present, more than a year has passed since the last financing. For an entrepreneurial platform like Hellobike, which once had ultra-high financing efficiency, the window period of more than one year is a bit long.</p><p>In addition, according to a document from the Credit Information Center of the People's Bank of China, Hellobike has previously mortgaged all its bicycle assets to a wholly-owned subsidiary of Ant Financial for a period of three years (December 4, 2019 to December 3, 2022).</p><p>Stagnant financing and mortgaged bicycle assets all seem to tell the outside world that it is not so easy for bike-sharing enterprises to get money from capital when the wind passes.</p><p>On the other hand, the valuation of Hellobike, which has gone through 15 rounds of financing, is also a big \"threshold\". As early as the beginning of 2019, Li Kaizhu, co-founder and CEO of Hellobike, publicly revealed that Hellobike's valuation reached US $5 billion. After experiencing two rounds of financing in 2019, its valuation is likely to reach tens of billions.</p><p>The threshold brought by such a high valuation has also directly rejected a large wave of investors, and only those real capital giants have the ability to continue to bless. But bike-sharing is no longer the \"popular fried chicken\" in the eyes of investors in the past. Who is willing to invest a lot of money in such projects?</p><p>In this case, it is obviously the best way to continue to obtain financial support from the secondary market through IPO, and IPO is what early investors need most. After all, they need an exit channel.</p><p>This IPO rumor is not the first time that Hellobike has heard relevant news. In July last year, Li Kaizhu said to the outside world: \"If there is an opportunity, the Science and Technology Innovation Board will be considered.\" It can be seen that Hellobike's desire for funds is not only urgent, but also urgently needed.</p><p><b>Can price increases be exchanged for profits?</b></p><p><img src=\"https://static.tigerbbs.com/74fe589a0813bce2ef60b25c0fcb16ee\" tg-width=\"500\" tg-height=\"334\" referrerpolicy=\"no-referrer\"></p><p>I still remember that the initial bike-sharing war started, and Allen Zhu, an investor of ofo, made a malicious remark that it would take 90 days to solve the battle. Although the later reality hit Zhu Xiaohu in the face, it is undoubtedly the most commonly used method in the hot industry in the past few years to defeat competitors by burning money, achieve his absolute advantage in the market position, and then harvest the market by adjusting the unit price of customers.</p><p>However, judging from the current market structure, it seems unlikely that the top three will completely defeat their opponents in terms of volume. Perhaps they have already given up the idea of further expanding their market share by burning money. When the market structure is stable and the cultivation of users' usage habits is completed, it is inevitable that the unit price of customers will rise.</p><p>Just in recent days, Hellobike has increased the unit price of customers in Shanghai. At present, the charging rules for Hellobike bicycles in Shanghai are 1.5 yuan for the first 15 minutes, and 1 yuan for every 15 minutes thereafter, which is equivalent to 4.5 yuan for 1 hour. Prior to this, the charging rule of Hellobike bicycles was 1.5 yuan every 30 minutes, which is equivalent to 3 yuan for 1 hour.</p><p>However, this price increase still seems to be a drop in the bucket compared with the huge losses in the bicycle business.</p><p>Regarding the intensity of bike-sharing's losses, we can get a glimpse by analyzing Meituan's financial report. Nowadays, Meituan will not separately announce the specific profit and loss of bicycle business in its financial report, but we can see the specific figures of related businesses in the financial report of the year when Meituan acquired mobike in 2018: the 2018 financial report shows that from the wholly-owned acquisition of mobike in April 2018 to the end of the year, the revenue contributed by mobike was only 1.507 billion yuan; At the same time, mobike still lost 4.55 billion yuan.</p><p>If the financial data from January to March are included, then the annual loss of mobike in 2018 will most likely exceed 5 billion yuan, which is a very scary figure.</p><p>Of course, as the competition intensity in the industry decreases and the company's operating efficiency improves, losses will definitely decrease accordingly, but it seems impossible to achieve profitability through the bicycle business itself.</p><p>An employee of the bicycle business of a head enterprise revealed to Understanding Notes: \"It is necessary to raise the price of bicycles, and now the unit price of customers can't even make up for the loss caused by the loss of bicycle business every year. And on the whole, the use efficiency of bike-sharing is not high, especially in those second-and third-tier cities. Some cities in the north will have several months of vehicle hibernation every year, which are cost pressures.\"</p><p>Since last year, motorcycles in the field of two-wheeled travel have also become the focus of competition among the three industries. Meituan Wang Xing particularly emphasized at the second quarter financial report meeting last year that it will continue to increase investment in new business areas such as fresh food retail and motorcycles.</p><p>Admittedly, from the user's point of view, motorcycles provide a better user experience within an acceptable price range. However, from the perspective of business operating costs, motorcycles are a \"heavier\" business than traditional bicycles.</p><p>An insider of one of the Big Three in bike-sharing also revealed to Understanding Notes: \"The cost of stolen batteries of motorcycles can reach hundreds of millions every year.\"</p><p>Let me emphasize that it is not the loss of the whole bicycle, but only the theft loss of the battery part.</p><p>In addition, the above-mentioned person also pointed out that at present, the company's internal operation and maintenance management of motorcycle business has obviously not kept up with the speed of business development: \"Because of the characteristics of motorcycles themselves, especially the charging problem, it has higher requirements for offline operation and maintenance. However, at present, the company level cannot accurately see the charging situation of each motorcycle, including the specific daily work efficiency of operation and maintenance, so it can only simply calculate the remuneration for these operations and maintenance on a daily basis.\"</p><p>In its view, this situation also causes \"fishing\" to become the most common phenomenon. Now the most urgent task within the company is to complete the design of this management system. \"In recent months, developers basically get off work after 10 o'clock every day.\"</p><p>Fundamentally speaking, the reduction of competition intensity has not changed the shackles of bike-sharing itself. As a typical asset-heavy and operation-heavy business, problems such as high loss, low utilization, and heavy operation and maintenance always exist. How can the contradictions caused by these problems be achieved if we want to achieve breakeven or even profit simply by increasing the unit price of customers?</p><p><b>Create more imagination beyond two rounds?</b></p><p>Although it is impossible to achieve profitability from the two-wheeled vehicle business alone, it is undeniable that the huge market share has indeed accumulated a considerable amount of traffic for the top three.</p><p>For the two giants Meituan and Didi, the value of the bicycle business itself no longer lies in \"whether it can achieve profitability alone\". The huge traffic brought by the bicycle business can empower other related businesses and drive the development of other businesses. A typical example is that Meituan and Didi were the most active in several new trends that appeared last year, and in the development of these businesses, the traffic of bike-sharing played an important role in promoting them.</p><p>At the beginning, the original intention of Ant Financial to invest in Hellobike was more about its own data and traffic, especially its financial business. But now that ants are strong enough, the importance of Hellobike, which has been unable to make a profit, will naturally decrease.</p><p>From the standpoint of Hellobike, even in order to maintain a relatively high valuation, it cannot limit its business territory to the vertical field of two-wheeled travel. It needs more business to expand its liquidity and give itself more room for imagination.</p><p><img src=\"https://static.tigerbbs.com/5fddcdbddf9249a9c5d0ec4c3e063fe7\" tg-width=\"500\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p>Therefore, in the past few years, we have also seen new business areas expanded by Hellobike, including two-wheel, four-wheel, battery replacement, errands, fresh food, community grocery shopping, etc. And if you observe carefully, you can find that the overlap between Hellobike and Didi in terms of business selection is actually very high. The only difference may be the difference in volume between the two.</p><p>Coincidentally, shortly after the news of Hellobike's listing, the news of Didi's listing was also reported again. According to a recent report by 36kr, Didi may secretly submit its forms in the second quarter of 2021 and complete its listing in the third quarter. It is rumored that the listing location may not be the previously rumored Hong Kong Stock Exchange, but the US stock market.</p><p>Meituan and Didi are two giants, one has O2O and take-out as the basic disk, and the other is the absolute overlord in the domestic online car-hailing field. In their business matrix, the importance of bike-sharing or two-wheel business is relatively low, and the more purpose is to empower other businesses through the flow of two-wheel business and realize the value-added of a single flow.</p><p>From this point of view, they can endure long-term losses in two rounds of business and continue to \"play\".</p><p>However, as a company with two rounds of business as its basic market, Hellobike obviously does not have such confidence, especially under the premise that the two rounds of business cannot see profitability in the short term, and it needs continuous blood transfusion. It is expected that after the IPO, Hellobike will be able to regain the favor of the capital market, especially with the help of the secondary market to gain more room for development.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6412a825ea44c36795f522dd65a2d3fe","relate_stocks":{"03690":"美团-W","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196146182","content_text":"文/左岸\n2016年8月起，摩拜宣布进入北京、广州市场，三个月后ofo走出校园开启城市服务。共享单车大战由此正式拉开了帷幕。\n一晃五年时间过去，摩拜（品牌）已经不复存在，ofo排队退押金的人还有一千多万（街头已难见小黄车）……美团、滴滴、哈啰成了新的“三国杀”。当风口散去、市场格局稳定之后，共享单车企业的上市似乎成了最后一道门槛。\n从年初外媒的消息，到近来国内舆论的关注，哈啰出行的上市似乎已经成为必然。据悉其最快将于今年二季度赴美上市，融资金额在10亿美元到20亿美元之间。如果成功，哈啰将会成为真正意义上的共享单车第一股。\n上市的背后，除了要给投资人一个离场机会之外更主要的诉求——还是需要钱。\n共享单车还是五年前的样子\n\n作为当年共享单车大战中最风光的两个人——胡玮炜和戴威，如今已经成就了两种迥异的命运。前者成为无数人梦想中“30多岁财务自由”的代表，后者则成为国内互联网领域几乎和贾跃亭齐名的人物。\n而他们离开后的共享单车市场，似乎也没有了太多新意，当摩拜卖身、ofo资金链断裂之后，整个行业迅速成为了资本的弃儿。资本态度转变之快，很大一部分原因是在共享单车这条赛道上已经看不到任何盈利的希望。\n如今共享单车市场的三足鼎立格局早已定性，在市场格局几乎不会发生什么改变的大前提下，除非三强之间能够形成像共享充电宝几家头部企业那样达成“停止烧钱以盈利为经营导向”的共识，才有一些盈利的可能。但对于各自背靠巨头的三强而言，达成那样的共识似乎又不太可能。\n在如今的市场三强中，相较于美团和滴滴各自共享单车业务线的“亲儿子”身份，此次要独立上市的哈啰出行虽然一直背靠阿里，但似乎更像是一个义子，这种身份（角色）落差在某种程度上也加深了哈啰自身的焦虑。\n观察哈啰这样一个相对独立的存在，或许能更好地看清目前整个共享单车行业的发展状态。\n公开数据显示，2016年9月成立的哈啰出行至今已经完成15轮融资。不足五年的时间累计融资规模超过百亿，平均四个月就能完成一轮融资，这个速度和效率是相当惊人的。这些连番融资举措的背后，蚂蚁金服是最多出现的那道身影。\n不过，一个值得注意的细节是，虽然整体来看哈啰的融资效率非常高，但其最近一次融资是2019年的12月。目前距离上次融资已经过去一年有余，对于哈啰这样一个曾拥有超高融资效率的创业平台而言，一年多的空窗期有点儿漫长了。\n另外根据中国人民银行征信中心的一份文件显示，哈啰此前就已经将旗下所有的单车资产全部抵押给蚂蚁金服的全资子公司，为期三年（2019年12月4日到2022年12月3日）。\n停滞的融资、抵押的单车资产，这一切似乎都在告诉外界，当风口过去，共享单车企业想要从资本手中拿到钱已经不是那么容易。\n另一方面，经历了15轮融资的哈啰估值也是一个大“门槛”。早在2019年初，哈啰联合创始人、执行总裁李开逐就曾公开透露，哈啰的估值达到了50亿美元。而在经历了2019年的两轮融资之后，其估值大概率应该奔着百亿而去。\n这样高估值所带来的的门槛，也直接拒绝了一大波投资者，只有那些真正的资本巨头才有能力继续加持。但共享单车早就不是往昔投资人眼中的“当红炸子鸡”，谁又愿意拿出大量资金投在这样的项目上呢？\n这种情况下，通过IPO从二级市场继续获得资金支持显然是最佳方式，而IPO也是早期投资人最需要的，毕竟他们需要一个退出的通道。\n这一次的IPO传闻并不是哈啰第一次传出相关消息，去年7月李开逐就曾对外表示：“如果有机会，会考虑科创板“。可见哈啰对于资金的渴望，不止急迫、而且亟需。\n涨价能换来盈利吗？\n\n还记得最初的共享单车大战掀起，曾经ofo的投资人朱啸虎放出狠话称——90天解决战斗。虽然后来的现实打了朱啸虎的脸，但通过烧钱战胜竞争对手，实现自己绝对优势的市场地位，再通过调整客单价等方式收割市场，无疑是过去几年风口行业里最常用的手段。\n不过，从现阶段的市场格局来看，三强想要从体量上完全战胜对手似乎不太可能，或许它们各自心中也早已放弃进一步通过烧钱扩大自身市场份额的想法。当市场格局稳定，用户使用习惯培养完成之后，客单价上涨自然也就不可避免。\n就在近几日，哈啰提升了在上海地区的客单价。目前，哈啰单车在上海地区的收费规则为前15分钟1.5元，之后每15分钟1元，相当于1小时4.5元。在此之前，哈啰单车的收费规是每30分钟1.5元，相当于1小时3元。\n但这种幅度的提价，相较于单车业务的巨额亏损似乎仍有点儿杯水车薪的感觉。\n关于共享单车亏损的力度，可以通过分析美团的财报略窥一二。如今美团已经不会在财报中单独公布单车业务的具体盈亏，不过我们可以在2018年美团收购摩拜那一年的财报中，看到相关业务的具体数字：2018年财报显示，从2018年4月全资收购摩拜到年末，由摩拜贡献的收入仅为15.07亿元；同时，摩拜仍亏损了45.5亿元。\n如果将1~3月的财务数据也算进去，那么摩拜2018年的年亏损大概率会冲破50亿元，这是一个非常恐怖的数字。\n当然，随着行业竞争烈度的降低、公司经营效率的提升，亏损肯定是会有相应减少，但想要通过单车业务自身来实现盈利，似乎不太可能。\n某头部企业单车业务的职员对此向懂懂笔记透露：“单车的提价是必须的，现在客单价连每年单车业务因损耗造成的亏损都难以补平。而且从整体来看，共享单车的使用效率并不算高，特别是那些二三线城市。而北方部分城市每年还会有几个月的车辆冬眠期，这些都是成本压力。”\n从去年开始，两轮出行领域的电单车也成为三家行业竞争中的重点。美团王兴在去年第二季度财报会议上就特别强调，将在生鲜零售和电单车等新业务领域持续加大投入。\n诚然，站在用户的角度来看，电单车可以能接受的价格范围内提供了更好的用户体验。但从企业经营的成本上来看，电单车是一个比传统单车“更重”的业务。\n共享单车三巨头其中一家的内部人士也向懂懂笔记透露：“电单车每年仅仅电池被偷的成本，都能达到几个亿。”\n强调一下，不是单车整体的损耗，仅仅是电池部分的偷盗损耗。\n此外上述人士还指出，目前公司内部对于电单车业务的运维管理问题，显然没有跟上业务发展的速度：“由于电单车本身的特性，尤其涉及到充电的问题，所以它对线下运维的要求更高。但目前公司层面并不能精准地看到每一辆电单车的充电情况，包括运维方面每天的具体工作效率，因此只能简单地按天给这些运维计算报酬。“\n在其看来，这种情况也造成“摸鱼”成为最常见的现象。现在公司内部最紧迫的任务就是完成这个管理系统的设计，“这几个月来开发人员每天基本上都是10点以后下班。”\n从根本上来看，竞争烈度降低并没有改变共享单车本身的桎梏。作为一个典型重资产、重运营的业务，高损耗、低利用率、重运维等问题始终存在。这些问题造成的矛盾，想单凭提升客单价来实现盈亏平衡甚至盈利，又怎么能够达成？\n两轮之外创造更多想象空间？\n虽然不可能单凭两轮车业务实现盈利，但不可否认的是庞大的市场份额确实给三强积累了相当多的流量。\n对于美团、滴滴这两个巨头而言，单车业务的价值本身已经不在于“是否能够单独实现盈利“。单车业务所带来的巨大流量，可以为其他相关业务进行赋能，带动其他业务的发展。一个典型的例子，就是在去年出现的几个新风口中，美团和滴滴都是最积极的，而在这些业务的发展过程中，共享单车的流量起到了重要的推动作用。\n当初蚂蚁金服投资哈啰的初衷，更多也是看中了其本身的数据和流量，特别是其在金融业务方面的部分。但当现在蚂蚁的体量足够强大，一直无法盈利的哈啰对其重要性自然也就有所降低。\n站在哈啰的立场来看，就算是为了维持相对较高的估值，它也不能把自己的业务版图局限在两轮出行这个垂直领域。它需要更多的业务来拓展变现能力，让自己有更多的想象空间。\n\n所以，过去几年我们也看到包括两轮、四轮、换电、跑腿、生鲜、社区买菜等等哈啰拓展的新业务范畴。而且如果仔细观察就能发现，在业务选择上哈啰与滴滴的重合度其实是非常高的，唯一不同的可能就是二者在体量上的差距。\n巧合的是，就在哈啰传出上市不久之后，滴滴上市的消息也再度被传出。据36kr近日报道称，滴滴可能在今2021年第二季度秘密交表、三季度完成上市，据传上市地点有可能并非之前传闻中的港交所，而是美国股市。\n美团和滴滴两个巨头，一个有O2O、外卖作为基本盘，一个是国内网约车领域的绝对霸主。在它们的业务矩阵里，共享单车或者说两轮业务的重要性是相对靠后的，更多的目的是通过两轮业务的流量来赋能其他业务，实现单个流量的增值。\n由此看来，它们可以忍受两轮业务长时间的亏损，也能够继续“玩下去”。\n但作为一家以两轮业务为基本盘的企业，哈啰显然没有这样的底气，特别是在两轮业务短期内看不到盈利，自身又需要不断输血的前提下。期待IPO之后，哈啰能够让自己重新得到资本市场的青睐，尤其是在二级市场的助力下获得更大的发展空间。","news_type":1,"symbols_score_info":{"09988":0.9,"03690":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325377506,"gmtCreate":1615870281505,"gmtModify":1704787728358,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555286705263146","authorIdStr":"3555286705263146"},"themes":[],"htmlText":"go","listText":"go","text":"go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325377506","repostId":"2119928028","repostType":4,"repost":{"id":"2119928028","kind":"highlight","pubTimestamp":1615864488,"share":"https://ttm.financial/m/news/2119928028?lang=en_US&edition=fundamental","pubTime":"2021-03-16 11:14","market":"us","language":"zh","title":"US media: Biden plans to raise federal taxes, the first sharp increase since 1993","url":"https://stock-news.laohu8.com/highlight/detail?id=2119928028","media":"新浪财经","summary":"据彭博社15日报道，知情人士透露，美国总统拜登正在计划上调联邦税收，以支持其新冠缓解法案的后续行动。据介绍，此次税收上调是自1993年以来首次大幅上调。　　彭博社称，对于拜登政府来说，增加税收的计划是一个机会，不仅可以为基础设施、改善气候问题等提供资金，还可以解决民主党人所说的税收制度不平等的问题。报道称，该计划将考验拜登拉拢共和党人和民主党人保持团结的能力。","content":"<p>[Global Network Report] According to a Bloomberg report on the 15th, people familiar with the matter revealed that US President Biden is planning to raise federal taxes to support the follow-up to his new crown mitigation bill. According to reports, this tax increase is the first substantial increase since 1993.</p><p><p class=\"t-img-caption\"><img src=\"http://n.sinaimg.cn/finance/crawl/746/w550h196/20210316/7da6-kmkptxc8916317.jpg\" tg-width=\"550\" tg-height=\"196\" referrerpolicy=\"no-referrer\"><span>(Bloomberg: Biden's next-stage economic plan focuses on tax increases, which is the first substantial increase since 1993)</span></p><p>According to reports, unlike the $1.9 trillion new crown stimulus bill, the U.S. government's next move is expected to be larger and will not rely solely on government debt as a source of funding. It is becoming increasingly clear that tax increases will be an integral part of the plan.</p><p>Bloomberg said that for the Biden administration, the plan to increase taxes is an opportunity not only to provide funds for infrastructure, improving climate issues, etc., but also to solve what Democrats call inequality in the tax system. According to reports, the plan will test Biden's ability to woo Republicans and Democrats to maintain unity.</p>","source":"sina_us","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US media: Biden plans to raise federal taxes, the first sharp increase since 1993</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS media: Biden plans to raise federal taxes, the first sharp increase since 1993\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-03-16 11:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>[Global Network Report] According to a Bloomberg report on the 15th, people familiar with the matter revealed that US President Biden is planning to raise federal taxes to support the follow-up to his new crown mitigation bill. According to reports, this tax increase is the first substantial increase since 1993.</p><p><p class=\"t-img-caption\"><img src=\"http://n.sinaimg.cn/finance/crawl/746/w550h196/20210316/7da6-kmkptxc8916317.jpg\" tg-width=\"550\" tg-height=\"196\" referrerpolicy=\"no-referrer\"><span>(Bloomberg: Biden's next-stage economic plan focuses on tax increases, which is the first substantial increase since 1993)</span></p><p>According to reports, unlike the $1.9 trillion new crown stimulus bill, the U.S. government's next move is expected to be larger and will not rely solely on government debt as a source of funding. It is becoming increasingly clear that tax increases will be an integral part of the plan.</p><p>Bloomberg said that for the Biden administration, the plan to increase taxes is an opportunity not only to provide funds for infrastructure, improving climate issues, etc., but also to solve what Democrats call inequality in the tax system. According to reports, the plan will test Biden's ability to woo Republicans and Democrats to maintain unity.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/world/gjcj/2021-03-16/doc-ikknscsi5876100.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"http://n.sinaimg.cn/sinakd20210316s/300/w720h380/20210316/3ff7-kmkptxc8498697.jpg","relate_stocks":{},"source_url":"https://finance.sina.com.cn/world/gjcj/2021-03-16/doc-ikknscsi5876100.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2119928028","content_text":"【环球网报道】据彭博社15日报道，知情人士透露，美国总统拜登正在计划上调联邦税收，以支持其新冠缓解法案的后续行动。据介绍，此次税收上调是自1993年以来首次大幅上调。（彭博社：拜登下阶段经济计划中聚焦增税，系1993年以来首次大幅上调）报道称，与1.9万亿美元的新冠刺激法案不同，美国政府的下一项举措预计规模更大，且不会仅仅依靠政府债务作为资金来源。越来越明显的是，增税将是该计划的一个组成部分。彭博社称，对于拜登政府来说，增加税收的计划是一个机会，不仅可以为基础设施、改善气候问题等提供资金，还可以解决民主党人所说的税收制度不平等的问题。报道称，该计划将考验拜登拉拢共和党人和民主党人保持团结的能力。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320495886,"gmtCreate":1615165955445,"gmtModify":1704778982408,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555286705263146","authorIdStr":"3555286705263146"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>fly soon?","listText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>fly soon?","text":"$Zomedica Pharmaceuticals Corp.(ZOM)$fly soon?","images":[{"img":"https://static.tigerbbs.com/706c3ce7dff11f2b1f796c8ae3bf7fbb","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320495886","isVote":1,"tweetType":1,"viewCount":2398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":365986488,"gmtCreate":1614689700844,"gmtModify":1704774053687,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555286705263146","authorIdStr":"3555286705263146"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>gogogo","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>gogogo","text":"$Palantir Technologies Inc.(PLTR)$gogogo","images":[{"img":"https://static.tigerbbs.com/13e94fefebf934bb92c2301da4e3555f","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365986488","isVote":1,"tweetType":1,"viewCount":1795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":361887850,"gmtCreate":1614220910170,"gmtModify":1704889749291,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555286705263146","authorIdStr":"3555286705263146"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361887850","repostId":"2114974573","repostType":4,"isVote":1,"tweetType":1,"viewCount":2041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361882935,"gmtCreate":1614220644327,"gmtModify":1704889745369,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555286705263146","authorIdStr":"3555286705263146"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361882935","repostId":"1199827485","repostType":4,"isVote":1,"tweetType":1,"viewCount":1987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":320495886,"gmtCreate":1615165955445,"gmtModify":1704778982408,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555286705263146","idStr":"3555286705263146"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>fly soon?","listText":"<a href=\"https://laohu8.com/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$</a>fly soon?","text":"$Zomedica Pharmaceuticals Corp.(ZOM)$fly soon?","images":[{"img":"https://static.tigerbbs.com/706c3ce7dff11f2b1f796c8ae3bf7fbb","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320495886","isVote":1,"tweetType":1,"viewCount":2398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":361887850,"gmtCreate":1614220910170,"gmtModify":1704889749291,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555286705263146","idStr":"3555286705263146"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361887850","repostId":"2114974573","repostType":4,"repost":{"id":"2114974573","kind":"news","pubTimestamp":1614218660,"share":"https://ttm.financial/m/news/2114974573?lang=en_US&edition=fundamental","pubTime":"2021-02-25 10:04","market":"us","language":"zh","title":"The first in the world! Moderna begins development of South African variant virus vaccine","url":"https://stock-news.laohu8.com/highlight/detail?id=2114974573","media":"华尔街见闻","summary":"Moderna宣布，该公司已经完成了相关候选疫苗的临床试验材料生产，已经向美国国立卫生研究院运送了候选疫苗，用于第一阶段的临床试验。","content":"<p>Moderna became the first vaccine manufacturer in the world to produce a vaccine against the South African variant strain.</p><p>On Wednesday, February 24, Moderna announced that it has completed the production of clinical trial materials for the relevant vaccine candidate, which targets the Novel Coronavirus variant strain (B.1. 351) first discovered in South Africa. Meanwhile, Moderna has shipped its vaccine candidate to the National Institutes of Health (NIH) for phase one clinical trials.</p><p>The NIAID agency under NIH will start this study after obtaining the safety clearance from the US FDA. When the trial is launched, NIAID will provide additional information on the clinicaltrials.gov website.</p><p>The statement pointed out that although preliminary data show that COVID-19 vaccine (mRNA-1273) developed by Moderna has a neutralizing response to the mutant strain, the company is adopting different strategies to deal with the mutant strain out of caution.</p><p>Moderna said it will evaluate whether the vaccine booster dose can improve the vaccine's immune response to the mutant strain, including a booster shot against the South African mutant strain (mRNA-1273. 351), a multivalent booster shot against the original strain and the mutant strain (mRNA-1273. 211), etc.</p><p>Moderna CEO Stéphane Bancel said that as human society seeks to defeat COVID-19 pandemic, it is necessary to remain vigilant and actively respond to new virus variants. At the same time, he mentioned that he was very worried about the emergence of \"mutant evolution\" outside the existing variants, especially in the current situation, it may not be clear which strain is already spreading.</p><p>Now vaccination is in a race with virus mutation. Earlier, the US FDA had begun to urge vaccine manufacturers to start research on new variants.</p><p>Earlier, scientists warned that we are at a critical moment: some people have been vaccinated, and at the same time, many viruses are spreading. The combination of these two factors may lead to the emergence of more contagious or deadly mutant strains.</p><p>The harm of the new variant is obvious-potentially reducing the effectiveness of vaccines, as well as reducing the effectiveness of treatments and causing reinfections in recovered populations.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The first in the world! Moderna begins development of South African variant virus vaccine</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe first in the world! Moderna begins development of South African variant virus vaccine\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-02-25 10:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Moderna became the first vaccine manufacturer in the world to produce a vaccine against the South African variant strain.</p><p>On Wednesday, February 24, Moderna announced that it has completed the production of clinical trial materials for the relevant vaccine candidate, which targets the Novel Coronavirus variant strain (B.1. 351) first discovered in South Africa. Meanwhile, Moderna has shipped its vaccine candidate to the National Institutes of Health (NIH) for phase one clinical trials.</p><p>The NIAID agency under NIH will start this study after obtaining the safety clearance from the US FDA. When the trial is launched, NIAID will provide additional information on the clinicaltrials.gov website.</p><p>The statement pointed out that although preliminary data show that COVID-19 vaccine (mRNA-1273) developed by Moderna has a neutralizing response to the mutant strain, the company is adopting different strategies to deal with the mutant strain out of caution.</p><p>Moderna said it will evaluate whether the vaccine booster dose can improve the vaccine's immune response to the mutant strain, including a booster shot against the South African mutant strain (mRNA-1273. 351), a multivalent booster shot against the original strain and the mutant strain (mRNA-1273. 211), etc.</p><p>Moderna CEO Stéphane Bancel said that as human society seeks to defeat COVID-19 pandemic, it is necessary to remain vigilant and actively respond to new virus variants. At the same time, he mentioned that he was very worried about the emergence of \"mutant evolution\" outside the existing variants, especially in the current situation, it may not be clear which strain is already spreading.</p><p>Now vaccination is in a race with virus mutation. Earlier, the US FDA had begun to urge vaccine manufacturers to start research on new variants.</p><p>Earlier, scientists warned that we are at a critical moment: some people have been vaccinated, and at the same time, many viruses are spreading. The combination of these two factors may lead to the emergence of more contagious or deadly mutant strains.</p><p>The harm of the new variant is obvious-potentially reducing the effectiveness of vaccines, as well as reducing the effectiveness of treatments and causing reinfections in recovered populations.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3621285\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e559c5a8390713a5a8d4b07a2667368d","relate_stocks":{"MRNA":"Moderna, Inc."},"source_url":"https://wallstreetcn.com/articles/3621285","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2114974573","content_text":"Moderna成为全球第一家针对南非变异毒株生产疫苗的疫苗生产商。2月24日周三，Moderna宣布，该公司已经完成了相关候选疫苗的临床试验材料生产，该候选疫苗针对的是在南非首次发现的新冠病毒变异毒株（B.1.351）。与此同时，Moderna已经向美国国立卫生研究院（NIH）运送了候选疫苗，用于第一阶段的临床试验。NIH下属的NIAID机构将在获得美国FDA安全许可后启动这项研究。当试验启动后，NIAID将在clinicaltrials.gov网站上提供更多信息。声明指出，尽管初步数据显示，Moderna研发的新冠疫苗（mRNA-1273）对变异毒株产生了中和反应，但是出于谨慎考虑，该公司正采取不同的策略应对变异毒株。Moderna表示，将评估疫苗加强剂量是否能提高疫苗对变异毒株的免疫反应，包括针对南非变异毒株的加强针（mRNA-1273.351）、一种针对原始毒株和变异毒株的多价加强针（mRNA-1273.211）等。Moderna首席执行官Stéphane Bancel表示，在人类社会寻求战胜新冠疫情的时候，必须保持警惕，并积极应对新的病毒变种。他同时提到，非常担心现有变种之外出现“突变体进化“，特别是在当前情况下可能不清楚是哪种毒株已经在传播。如今疫苗接种正和病毒变异展开赛跑。早前美国FDA已经开始敦促疫苗生产商开始针对新的变种进行研究。此前有科学家警告，当前处于一个关键时刻：一部分人接种了疫苗，与此同时有很多病毒在传播，这两个因素的结合将可能导致出现更具传染性或更致命的变异毒株。新变种的危害是显而易见的——可能降低疫苗的有效性，也可能降低治疗的有效性并导致康复人群再次感染。","news_type":1,"symbols_score_info":{"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":2041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361882935,"gmtCreate":1614220644327,"gmtModify":1704889745369,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555286705263146","idStr":"3555286705263146"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361882935","repostId":"1199827485","repostType":4,"repost":{"id":"1199827485","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614216303,"share":"https://ttm.financial/m/news/1199827485?lang=en_US&edition=fundamental","pubTime":"2021-02-25 09:25","market":"hk","language":"zh","title":"Opening: The Hang Seng Index opened sharply higher by 1.53%, and technology stocks rose collectively","url":"https://stock-news.laohu8.com/highlight/detail?id=1199827485","media":"老虎资讯综合","summary":"2月25日讯，香港恒生指数开盘涨1.53%报30174.22点，恒生国企指数涨1.52%报11684.82点，恒生科技指数涨2.62%报9606.37点。能源、医疗板块多数上涨，科技股回稳，大市盘前成","content":"<p>On February 25, Hong Kong's Hang Seng Index opened up 1.53% to 30,174.22 points, the Hang Seng China Enterprises Index rose 1.52% to 11,684.82 points, and the Hang Seng Technology Index rose 2.62% to 9,606.37 points. Most of the energy and medical sectors rose, and technology stocks stabilized, with a pre-market turnover of HK $5.611 billion.<img src=\"https://static.tigerbbs.com/45043198d4259f97ec52edac17f967c9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">Meituan rose 4.7% to lead the blue chip gains,<a href=\"https://laohu8.com/S/00883\">CNOOC</a>Up 4.6%,<a href=\"https://laohu8.com/S/01177\">China Biopharmaceuticals</a>Up 3.5%,<a href=\"https://laohu8.com/S/02269\">WuXi Biologics</a>Up 3.4%,<a href=\"https://laohu8.com/S/00857\">PetroChina shares</a>Up 3.2%.</p><p>Technology giants generally rose, Meituan rose 4.7%, Kuaishou rose 4%, Xiaomi Group rose 2.1%,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>Up 1.9%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>The group rose 1.1%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Up 0.3%.</p><p>Blockchain concept stocks generally rose,<a href=\"https://laohu8.com/S/01611\">Huobi Technology</a>Up 9% to lead the gains,<a href=\"https://laohu8.com/S/01499\">Ouke Cloud Chain</a>Up 4.9%,<a href=\"https://laohu8.com/S/01647\">Xiong'an Technology</a>Up 4.8%,<a href=\"https://laohu8.com/S/01263\">Partner Group</a>Up 2.2%.</p><p><a href=\"https://laohu8.com/S/00043\">CP International</a>Up 8%, the company's profit attributable to shareholders in 2020 increased by 523.2% year-on-year to US $2.155 billion.</p><p>China Biopharmaceuticals rose 3.5%, subsidiaries signed overseas licensing cooperation agreements, with revenues up to US $517.5 million</p><p><a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Up 1.9%, the company plans to carry out business mergers and cooperation with Volvo Cars in powertrain, electrification and other aspects.</p><p><a href=\"https://laohu8.com/S/00388\">HKEX</a>Up 1.5%, the Hong Kong Stock Exchange responded to the increase in stamp duty, saying that the market needs time to digest, so you don't need to react too much or too fast.</p><p><a href=\"https://laohu8.com/S/688185\">CanSino</a>Bio rose 2.2%, and the conditional marketing application of recombinant Novel Coronavirus vaccine was accepted by the State Drug Administration.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: The Hang Seng Index opened sharply higher by 1.53%, and technology stocks rose collectively</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: The Hang Seng Index opened sharply higher by 1.53%, and technology stocks rose collectively\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-02-25 09:25</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On February 25, Hong Kong's Hang Seng Index opened up 1.53% to 30,174.22 points, the Hang Seng China Enterprises Index rose 1.52% to 11,684.82 points, and the Hang Seng Technology Index rose 2.62% to 9,606.37 points. Most of the energy and medical sectors rose, and technology stocks stabilized, with a pre-market turnover of HK $5.611 billion.<img src=\"https://static.tigerbbs.com/45043198d4259f97ec52edac17f967c9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">Meituan rose 4.7% to lead the blue chip gains,<a href=\"https://laohu8.com/S/00883\">CNOOC</a>Up 4.6%,<a href=\"https://laohu8.com/S/01177\">China Biopharmaceuticals</a>Up 3.5%,<a href=\"https://laohu8.com/S/02269\">WuXi Biologics</a>Up 3.4%,<a href=\"https://laohu8.com/S/00857\">PetroChina shares</a>Up 3.2%.</p><p>Technology giants generally rose, Meituan rose 4.7%, Kuaishou rose 4%, Xiaomi Group rose 2.1%,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>Up 1.9%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>The group rose 1.1%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Up 0.3%.</p><p>Blockchain concept stocks generally rose,<a href=\"https://laohu8.com/S/01611\">Huobi Technology</a>Up 9% to lead the gains,<a href=\"https://laohu8.com/S/01499\">Ouke Cloud Chain</a>Up 4.9%,<a href=\"https://laohu8.com/S/01647\">Xiong'an Technology</a>Up 4.8%,<a href=\"https://laohu8.com/S/01263\">Partner Group</a>Up 2.2%.</p><p><a href=\"https://laohu8.com/S/00043\">CP International</a>Up 8%, the company's profit attributable to shareholders in 2020 increased by 523.2% year-on-year to US $2.155 billion.</p><p>China Biopharmaceuticals rose 3.5%, subsidiaries signed overseas licensing cooperation agreements, with revenues up to US $517.5 million</p><p><a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Up 1.9%, the company plans to carry out business mergers and cooperation with Volvo Cars in powertrain, electrification and other aspects.</p><p><a href=\"https://laohu8.com/S/00388\">HKEX</a>Up 1.5%, the Hong Kong Stock Exchange responded to the increase in stamp duty, saying that the market needs time to digest, so you don't need to react too much or too fast.</p><p><a href=\"https://laohu8.com/S/688185\">CanSino</a>Bio rose 2.2%, and the conditional marketing application of recombinant Novel Coronavirus vaccine was accepted by the State Drug Administration.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5b3b5e72649367d0aafd9bcbbca9bcd1","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199827485","content_text":"2月25日讯，香港恒生指数开盘涨1.53%报30174.22点，恒生国企指数涨1.52%报11684.82点，恒生科技指数涨2.62%报9606.37点。能源、医疗板块多数上涨，科技股回稳，大市盘前成交56.11亿港元。美团涨4.7%领涨蓝筹，中国海洋石油涨4.6%，中国生物制药涨3.5%，药明生物涨3.4%，中国石油股份涨3.2%。科技巨头普涨，美团涨4.7%，快手涨4%，小米集团涨2.1%，腾讯控股涨1.9%，京东集团涨1.1%，阿里巴巴涨0.3%。区块链概念股普涨，火币科技涨9%领涨，欧科云链涨4.9%，雄岸科技涨4.8%，栢能集团涨2.2%。卜蜂国际涨8%，公司2020年股东应占溢利同比增长523.2%至21.55亿美元。中国生物制药涨3.5%， 附属公司签订海外授权合作协议，收益最高达5.175亿美元吉利汽车涨1.9%，公司拟与沃尔沃汽车在动力总成、电气化等方面进行业务合并及合作。香港交易所涨1.5%，港交所回应印花税提升表示，市场需要时间来消化，大家不用反应过大、过快。康希诺生物涨2.2%，重组新型冠状病毒疫苗附条件上市申请获国药监受理。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359250800,"gmtCreate":1616405610400,"gmtModify":1704793598314,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555286705263146","idStr":"3555286705263146"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359250800","repostId":"1165513991","repostType":4,"repost":{"id":"1165513991","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616403664,"share":"https://ttm.financial/m/news/1165513991?lang=en_US&edition=fundamental","pubTime":"2021-03-22 17:01","market":"us","language":"zh","title":"The Ministry of Industry and Information Technology strengthens the supervision of e-cigarettes, and Wuxin Technology plummeted before the market","url":"https://stock-news.laohu8.com/highlight/detail?id=1165513991","media":"老虎资讯综合","summary":"周一，“国产电子烟第一股”$雾芯科技$美股盘前跌幅扩大至30%。消息面上，工信部公开征求对《关于修改〈中华人民共和国烟草专卖法实施条例〉的决定》的意见。意见稿中增加了一条附则：“电子烟等新型烟草制品参照本条例中关于卷烟的有关规定执行。”机构指出，我国对于电子烟的相关限制已逐步拓展到对行业消费群体以及销售渠道的限制。以目前趋势来看，国家对于电子烟使用的相关限制将趋于严格。（三）增强电子烟监管效能。","content":"<p>On Monday, \"the first domestic e-cigarette stock\"<a href=\"https://laohu8.com/S/RLX.N\">Fog Core Technology</a>The pre-market decline of U.S. stocks expanded to 30%.</p><p><img src=\"https://static.tigerbbs.com/136bb2d0459814f4131d2ce7de7a9bcf\" tg-width=\"600\" tg-height=\"373\" referrerpolicy=\"no-referrer\"></p><p>On the news side, the Ministry of Industry and Information Technology publicly solicited opinions on the Decision on Amending the Implementation Regulations of the Tobacco Monopoly Law of the People's Republic of China (Draft for Comment). A supplementary provision has been added to the opinion draft:<b>\"New tobacco products such as e-cigarettes shall be implemented with reference to the relevant provisions on cigarettes in these Regulations.\"</b></p><p>The agency pointed out that my country's relevant restrictions on e-cigarettes have gradually expanded to restrictions on industry consumer groups and sales channels. Judging from the current trend, the country's relevant restrictions on the use of e-cigarettes will become stricter.</p><p><b>\"About Modification<中华人民共和国烟草专卖法实施条例>Description of the Decision (Draft for Comments):</b></p><p>In order to implement the decisions and arrangements of the Party Central Committee and the State Council, further strengthen the supervision of new tobacco products such as e-cigarettes, and safeguard the legitimate rights and interests of consumers, we drafted the \"About Amending<中华人民共和国烟草专卖法实施条例>Decision (Draft for Comments) \"(hereinafter referred to as the\" Draft for Comments \"). The description is as follows:</p><p>1. The formation process of the \"Draft for Comments\"</p><p>Since its promulgation on July 3, 1997, the Implementation Regulations of the Tobacco Monopoly Law of the People's Republic of China (hereinafter referred to as the Implementation Regulations) have been revised twice in 2013 and 2016, and have played an important role in improving the quality of tobacco products, safeguarding the legitimate rights and interests of consumers and ensuring national fiscal revenue. In recent years, a series of new situations and problems have emerged in the field of market supervision of new tobacco products such as e-cigarettes, and it is necessary to revise and improve the Implementation Regulations. On the basis of full research, evaluation and demonstration in the early stage, combined with the characteristics of e-cigarette products and market development, and absorbing international regulatory experience, the Draft for Comments was studied and formed.</p><p>II. Modified contents and main considerations</p><p>In this revision of the \"Implementation Regulations\", an article will be added to the supplementary provisions as Article 65: \"New tobacco products such as e-cigarettes shall be implemented with reference to the relevant provisions on cigarettes in these Regulations.\" The main considerations are:</p><p>(1) Promote the legalization of e-cigarette supervision. In recent years, some new situations and problems have emerged in the field of market supervision of new tobacco products such as e-cigarettes, which are of great concern to all sectors of society. This revision is mainly to implement the requirements of the Party Central Committee and the State Council on promoting the legalization of e-cigarette supervision, clarify the legal basis for the supervision of e-cigarettes and other new tobacco products, and do a good job in linking up with the Law of the People's Republic of China on the Protection of Minors and other laws and regulations. Connect, and give full play to the important role of the rule of law in consolidating the foundation, stabilizing expectations, and benefiting the long term.</p><p>(2) It conforms to the characteristics of e-cigarette products and the current international regulatory practices. In view of the homogeneity of new tobacco products such as e-cigarettes and traditional cigarettes in terms of core ingredients, product functions, consumption patterns, etc., new tobacco products such as e-cigarettes should be implemented with reference to the relevant provisions on cigarettes in the \"Implementation Regulations\". This is also consistent with the regulatory methods of new tobacco products such as e-cigarettes in major countries and regions in the world.</p><p>(3) Enhance the efficiency of e-cigarette supervision. The implementation of new tobacco products such as e-cigarettes with reference to the relevant provisions on cigarettes in the \"Implementation Regulations\" will greatly improve the supervision efficiency of e-cigarettes, effectively regulate the production and operation activities of e-cigarettes, and solve the product quality and safety risks and false advertisements of e-cigarettes. issues, and effectively protect the legitimate rights and interests of consumers.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Ministry of Industry and Information Technology strengthens the supervision of e-cigarettes, and Wuxin Technology plummeted before the market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Ministry of Industry and Information Technology strengthens the supervision of e-cigarettes, and Wuxin Technology plummeted before the market\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-22 17:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Monday, \"the first domestic e-cigarette stock\"<a href=\"https://laohu8.com/S/RLX.N\">Fog Core Technology</a>The pre-market decline of U.S. stocks expanded to 30%.</p><p><img src=\"https://static.tigerbbs.com/136bb2d0459814f4131d2ce7de7a9bcf\" tg-width=\"600\" tg-height=\"373\" referrerpolicy=\"no-referrer\"></p><p>On the news side, the Ministry of Industry and Information Technology publicly solicited opinions on the Decision on Amending the Implementation Regulations of the Tobacco Monopoly Law of the People's Republic of China (Draft for Comment). A supplementary provision has been added to the opinion draft:<b>\"New tobacco products such as e-cigarettes shall be implemented with reference to the relevant provisions on cigarettes in these Regulations.\"</b></p><p>The agency pointed out that my country's relevant restrictions on e-cigarettes have gradually expanded to restrictions on industry consumer groups and sales channels. Judging from the current trend, the country's relevant restrictions on the use of e-cigarettes will become stricter.</p><p><b>\"About Modification<中华人民共和国烟草专卖法实施条例>Description of the Decision (Draft for Comments):</b></p><p>In order to implement the decisions and arrangements of the Party Central Committee and the State Council, further strengthen the supervision of new tobacco products such as e-cigarettes, and safeguard the legitimate rights and interests of consumers, we drafted the \"About Amending<中华人民共和国烟草专卖法实施条例>Decision (Draft for Comments) \"(hereinafter referred to as the\" Draft for Comments \"). The description is as follows:</p><p>1. The formation process of the \"Draft for Comments\"</p><p>Since its promulgation on July 3, 1997, the Implementation Regulations of the Tobacco Monopoly Law of the People's Republic of China (hereinafter referred to as the Implementation Regulations) have been revised twice in 2013 and 2016, and have played an important role in improving the quality of tobacco products, safeguarding the legitimate rights and interests of consumers and ensuring national fiscal revenue. In recent years, a series of new situations and problems have emerged in the field of market supervision of new tobacco products such as e-cigarettes, and it is necessary to revise and improve the Implementation Regulations. On the basis of full research, evaluation and demonstration in the early stage, combined with the characteristics of e-cigarette products and market development, and absorbing international regulatory experience, the Draft for Comments was studied and formed.</p><p>II. Modified contents and main considerations</p><p>In this revision of the \"Implementation Regulations\", an article will be added to the supplementary provisions as Article 65: \"New tobacco products such as e-cigarettes shall be implemented with reference to the relevant provisions on cigarettes in these Regulations.\" The main considerations are:</p><p>(1) Promote the legalization of e-cigarette supervision. In recent years, some new situations and problems have emerged in the field of market supervision of new tobacco products such as e-cigarettes, which are of great concern to all sectors of society. This revision is mainly to implement the requirements of the Party Central Committee and the State Council on promoting the legalization of e-cigarette supervision, clarify the legal basis for the supervision of e-cigarettes and other new tobacco products, and do a good job in linking up with the Law of the People's Republic of China on the Protection of Minors and other laws and regulations. Connect, and give full play to the important role of the rule of law in consolidating the foundation, stabilizing expectations, and benefiting the long term.</p><p>(2) It conforms to the characteristics of e-cigarette products and the current international regulatory practices. In view of the homogeneity of new tobacco products such as e-cigarettes and traditional cigarettes in terms of core ingredients, product functions, consumption patterns, etc., new tobacco products such as e-cigarettes should be implemented with reference to the relevant provisions on cigarettes in the \"Implementation Regulations\". This is also consistent with the regulatory methods of new tobacco products such as e-cigarettes in major countries and regions in the world.</p><p>(3) Enhance the efficiency of e-cigarette supervision. The implementation of new tobacco products such as e-cigarettes with reference to the relevant provisions on cigarettes in the \"Implementation Regulations\" will greatly improve the supervision efficiency of e-cigarettes, effectively regulate the production and operation activities of e-cigarettes, and solve the product quality and safety risks and false advertisements of e-cigarettes. issues, and effectively protect the legitimate rights and interests of consumers.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ba386c3541869b84e0878f0cb971079c","relate_stocks":{"RLX":"雾芯科技"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165513991","content_text":"周一，“国产电子烟第一股”雾芯科技美股盘前跌幅扩大至30%。消息面上，工信部公开征求对《关于修改〈中华人民共和国烟草专卖法实施条例〉的决定（征求意见稿）》的意见。意见稿中增加了一条附则：“电子烟等新型烟草制品参照本条例中关于卷烟的有关规定执行。”机构指出，我国对于电子烟的相关限制已逐步拓展到对行业消费群体以及销售渠道的限制。以目前趋势来看，国家对于电子烟使用的相关限制将趋于严格。《关于修改<中华人民共和国烟草专卖法实施条例>的决定（征求意见稿）》的说明：为贯彻落实党中央、国务院决策部署，进一步加强对电子烟等新型烟草制品的监管，维护消费者合法权益，我们起草了《关于修改<中华人民共和国烟草专卖法实施条例>的决定（征求意见稿）》（以下简称《征求意见稿》）。现说明如下：一、《征求意见稿》形成过程《中华人民共和国烟草专卖法实施条例》（以下简称《实施条例》）自1997年7月3日发布以来，于2013年、2016年进行了两次修改，在提高烟草制品质量、维护消费者合法权益、保证国家财政收入等方面发挥了重要作用。近年来电子烟等新型烟草制品市场监管领域出现了一系列新情况、新问题，有必要对《实施条例》进行修改完善。在前期充分调研、评估和论证的基础上，结合电子烟产品特点和市场发展情况，吸收国际监管经验，研究形成了《征求意见稿》。二、修改内容及主要考虑本次《实施条例》的修改，将在附则中增加一条，作为第六十五条：“电子烟等新型烟草制品参照本条例中关于卷烟的有关规定执行。”主要考虑是：（一）推进电子烟监管法治化。近年来电子烟等新型烟草制品市场监管领域出现了一些新情况、新问题，社会各方面非常关注。此次修改主要是落实党中央、国务院关于推进电子烟监管法治化的要求，明确电子烟等新型烟草制品的监管法律依据，并做好与《中华人民共和国未成年人保护法》等法律法规的衔接，发挥好法治固根本、稳预期、利长远的重要作用。（二）符合电子烟产品特性以及当前国际监管的通行做法。鉴于电子烟等新型烟草制品与传统卷烟在核心成分、产品功能、消费方式等方面具有同质性，对电子烟等新型烟草制品应当参照《实施条例》中关于卷烟的有关规定执行。这也与国际上主要国家和地区对于电子烟等新型烟草制品的监管方式一致。（三）增强电子烟监管效能。将电子烟等新型烟草制品参照《实施条例》中关于卷烟的有关规定执行，将大幅度提升电子烟监管效能，有效规范电子烟生产经营活动，解决电子烟存在的产品质量安全风险、虚假广告等问题，切实保障消费者合法权益。","news_type":1,"symbols_score_info":{"RLX":0.9}},"isVote":1,"tweetType":1,"viewCount":2161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359250095,"gmtCreate":1616405595617,"gmtModify":1704793597508,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555286705263146","idStr":"3555286705263146"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359250095","repostId":"1196146182","repostType":4,"repost":{"id":"1196146182","kind":"news","weMediaInfo":{"introduction":"我们来自知名IT和财经媒体，专注于互联网+、电子商务、大数据、万物互联和人工智能。我们关注产业动态，技术趋势和商业变革，我们与你一起，迎接这个科技转变命运的时代。","home_visible":1,"media_name":"懂懂笔记","id":"1066040419","head_image":"https://static.tigerbbs.com/4e15097abde5468c897d6a3b51f78f1b"},"pubTimestamp":1616405036,"share":"https://ttm.financial/m/news/1196146182?lang=en_US&edition=fundamental","pubTime":"2021-03-22 17:23","market":"hk","language":"zh","title":"There is no end in bike-sharing. Can IPO solve the problem?","url":"https://stock-news.laohu8.com/highlight/detail?id=1196146182","media":"懂懂笔记","summary":"竞争烈度降低并没有改变共享单车本身的桎梏。","content":"<p>Text/Left Bank</p><p>Since August 2016, mobike announced its entry into Beijing and Guangzhou markets. Three months later, ofo went out of the campus to start city services. The bike-sharing war officially kicked off.</p><p>Five years later, mobike (brand) no longer exists, and there are still more than 10 million people waiting in line to refund the deposit in ofo (sharing bicycles are hard to see on the streets)... Meituan, Didi and Hellobike have become the new \"Three Kingdoms Killing\". When the wind disperses and the market structure stabilizes, the listing of bike-sharing enterprises seems to be the last threshold.</p><p>From the news of foreign media at the beginning of the year to the recent attention of domestic public opinion, the listing of Hellobike Travel seems to have become inevitable. It is reported that it will go public in the United States as soon as the second quarter of this year, with a financing amount between US $1 billion and US $2 billion. If successful, Hellobike will become the first stock in bike-sharing in the true sense.</p><p>Behind the listing, in addition to giving investors a chance to leave the market, the more important demand is the need for money.</p><p><b>Bike-sharing is still what it was five years ago</b></p><p><img src=\"https://static.tigerbbs.com/f28ac1a13b3ba7bdd5028322b69e62d1\" tg-width=\"480\" tg-height=\"320\" referrerpolicy=\"no-referrer\"></p><p>Hu Weiwei and Dai Wei, the two most beautiful people in the bike-sharing War, have now achieved two different fates. The former has become the representative of \"financial freedom in their 30s\" that countless people dream of, while the latter has become a figure almost as famous as Jia Yueting in the domestic Internet field.</p><p>After their departure, the bike-sharing market doesn't seem to have much new ideas. When mobike sold himself and ofo's capital chain broke, the whole industry quickly became an outcast of capital. A large part of the reason for the rapid change in capital attitude is that there is no hope of profit on the track of bike-sharing.</p><p>Nowadays, the three-legged confrontation pattern of bike-sharing market has long been determined. Under the premise that the market pattern will hardly change, unless the top three can reach a consensus of \"stopping burning money and taking profit as the business orientation\" like several leading enterprises in sharing charging treasures, there will be some possibility of profit. But for the top three, each backed by giants, it seems unlikely to reach such a consensus.</p><p>Among the top three in today's market, compared with the \"pro-son\" status of Meituan and Didi's respective bike-sharing business lines, although Hellobike, which will be listed independently this time, has always been backed by Ali, it seems to be more like an adopted son. This identity (role) gap has also deepened Hellobike's own anxiety to some extent.</p><p>Observing such a relatively independent existence as Hellobike may be able to better see the current development status of the entire bike-sharing industry.</p><p>Public data shows that Hellobike, established in September 2016, has completed 15 rounds of financing so far. In less than five years, the cumulative financing scale has exceeded 10 billion, and a round of financing can be completed in an average of four months. This speed and efficiency are quite amazing. Behind these successive financing measures, Ant Financial is the one that appears the most.</p><p>However, a noteworthy detail is that although Hellobike's financing efficiency is very high overall, its latest financing was in December 2019. At present, more than a year has passed since the last financing. For an entrepreneurial platform like Hellobike, which once had ultra-high financing efficiency, the window period of more than one year is a bit long.</p><p>In addition, according to a document from the Credit Information Center of the People's Bank of China, Hellobike has previously mortgaged all its bicycle assets to a wholly-owned subsidiary of Ant Financial for a period of three years (December 4, 2019 to December 3, 2022).</p><p>Stagnant financing and mortgaged bicycle assets all seem to tell the outside world that it is not so easy for bike-sharing enterprises to get money from capital when the wind passes.</p><p>On the other hand, the valuation of Hellobike, which has gone through 15 rounds of financing, is also a big \"threshold\". As early as the beginning of 2019, Li Kaizhu, co-founder and CEO of Hellobike, publicly revealed that Hellobike's valuation reached US $5 billion. After experiencing two rounds of financing in 2019, its valuation is likely to reach tens of billions.</p><p>The threshold brought by such a high valuation has also directly rejected a large wave of investors, and only those real capital giants have the ability to continue to bless. But bike-sharing is no longer the \"popular fried chicken\" in the eyes of investors in the past. Who is willing to invest a lot of money in such projects?</p><p>In this case, it is obviously the best way to continue to obtain financial support from the secondary market through IPO, and IPO is what early investors need most. After all, they need an exit channel.</p><p>This IPO rumor is not the first time that Hellobike has heard relevant news. In July last year, Li Kaizhu said to the outside world: \"If there is an opportunity, the Science and Technology Innovation Board will be considered.\" It can be seen that Hellobike's desire for funds is not only urgent, but also urgently needed.</p><p><b>Can price increases be exchanged for profits?</b></p><p><img src=\"https://static.tigerbbs.com/74fe589a0813bce2ef60b25c0fcb16ee\" tg-width=\"500\" tg-height=\"334\" referrerpolicy=\"no-referrer\"></p><p>I still remember that the initial bike-sharing war started, and Allen Zhu, an investor of ofo, made a malicious remark that it would take 90 days to solve the battle. Although the later reality hit Zhu Xiaohu in the face, it is undoubtedly the most commonly used method in the hot industry in the past few years to defeat competitors by burning money, achieve his absolute advantage in the market position, and then harvest the market by adjusting the unit price of customers.</p><p>However, judging from the current market structure, it seems unlikely that the top three will completely defeat their opponents in terms of volume. Perhaps they have already given up the idea of further expanding their market share by burning money. When the market structure is stable and the cultivation of users' usage habits is completed, it is inevitable that the unit price of customers will rise.</p><p>Just in recent days, Hellobike has increased the unit price of customers in Shanghai. At present, the charging rules for Hellobike bicycles in Shanghai are 1.5 yuan for the first 15 minutes, and 1 yuan for every 15 minutes thereafter, which is equivalent to 4.5 yuan for 1 hour. Prior to this, the charging rule of Hellobike bicycles was 1.5 yuan every 30 minutes, which is equivalent to 3 yuan for 1 hour.</p><p>However, this price increase still seems to be a drop in the bucket compared with the huge losses in the bicycle business.</p><p>Regarding the intensity of bike-sharing's losses, we can get a glimpse by analyzing Meituan's financial report. Nowadays, Meituan will not separately announce the specific profit and loss of bicycle business in its financial report, but we can see the specific figures of related businesses in the financial report of the year when Meituan acquired mobike in 2018: the 2018 financial report shows that from the wholly-owned acquisition of mobike in April 2018 to the end of the year, the revenue contributed by mobike was only 1.507 billion yuan; At the same time, mobike still lost 4.55 billion yuan.</p><p>If the financial data from January to March are included, then the annual loss of mobike in 2018 will most likely exceed 5 billion yuan, which is a very scary figure.</p><p>Of course, as the competition intensity in the industry decreases and the company's operating efficiency improves, losses will definitely decrease accordingly, but it seems impossible to achieve profitability through the bicycle business itself.</p><p>An employee of the bicycle business of a head enterprise revealed to Understanding Notes: \"It is necessary to raise the price of bicycles, and now the unit price of customers can't even make up for the loss caused by the loss of bicycle business every year. And on the whole, the use efficiency of bike-sharing is not high, especially in those second-and third-tier cities. Some cities in the north will have several months of vehicle hibernation every year, which are cost pressures.\"</p><p>Since last year, motorcycles in the field of two-wheeled travel have also become the focus of competition among the three industries. Meituan Wang Xing particularly emphasized at the second quarter financial report meeting last year that it will continue to increase investment in new business areas such as fresh food retail and motorcycles.</p><p>Admittedly, from the user's point of view, motorcycles provide a better user experience within an acceptable price range. However, from the perspective of business operating costs, motorcycles are a \"heavier\" business than traditional bicycles.</p><p>An insider of one of the Big Three in bike-sharing also revealed to Understanding Notes: \"The cost of stolen batteries of motorcycles can reach hundreds of millions every year.\"</p><p>Let me emphasize that it is not the loss of the whole bicycle, but only the theft loss of the battery part.</p><p>In addition, the above-mentioned person also pointed out that at present, the company's internal operation and maintenance management of motorcycle business has obviously not kept up with the speed of business development: \"Because of the characteristics of motorcycles themselves, especially the charging problem, it has higher requirements for offline operation and maintenance. However, at present, the company level cannot accurately see the charging situation of each motorcycle, including the specific daily work efficiency of operation and maintenance, so it can only simply calculate the remuneration for these operations and maintenance on a daily basis.\"</p><p>In its view, this situation also causes \"fishing\" to become the most common phenomenon. Now the most urgent task within the company is to complete the design of this management system. \"In recent months, developers basically get off work after 10 o'clock every day.\"</p><p>Fundamentally speaking, the reduction of competition intensity has not changed the shackles of bike-sharing itself. As a typical asset-heavy and operation-heavy business, problems such as high loss, low utilization, and heavy operation and maintenance always exist. How can the contradictions caused by these problems be achieved if we want to achieve breakeven or even profit simply by increasing the unit price of customers?</p><p><b>Create more imagination beyond two rounds?</b></p><p>Although it is impossible to achieve profitability from the two-wheeled vehicle business alone, it is undeniable that the huge market share has indeed accumulated a considerable amount of traffic for the top three.</p><p>For the two giants Meituan and Didi, the value of the bicycle business itself no longer lies in \"whether it can achieve profitability alone\". The huge traffic brought by the bicycle business can empower other related businesses and drive the development of other businesses. A typical example is that Meituan and Didi were the most active in several new trends that appeared last year, and in the development of these businesses, the traffic of bike-sharing played an important role in promoting them.</p><p>At the beginning, the original intention of Ant Financial to invest in Hellobike was more about its own data and traffic, especially its financial business. But now that ants are strong enough, the importance of Hellobike, which has been unable to make a profit, will naturally decrease.</p><p>From the standpoint of Hellobike, even in order to maintain a relatively high valuation, it cannot limit its business territory to the vertical field of two-wheeled travel. It needs more business to expand its liquidity and give itself more room for imagination.</p><p><img src=\"https://static.tigerbbs.com/5fddcdbddf9249a9c5d0ec4c3e063fe7\" tg-width=\"500\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p>Therefore, in the past few years, we have also seen new business areas expanded by Hellobike, including two-wheel, four-wheel, battery replacement, errands, fresh food, community grocery shopping, etc. And if you observe carefully, you can find that the overlap between Hellobike and Didi in terms of business selection is actually very high. The only difference may be the difference in volume between the two.</p><p>Coincidentally, shortly after the news of Hellobike's listing, the news of Didi's listing was also reported again. According to a recent report by 36kr, Didi may secretly submit its forms in the second quarter of 2021 and complete its listing in the third quarter. It is rumored that the listing location may not be the previously rumored Hong Kong Stock Exchange, but the US stock market.</p><p>Meituan and Didi are two giants, one has O2O and take-out as the basic disk, and the other is the absolute overlord in the domestic online car-hailing field. In their business matrix, the importance of bike-sharing or two-wheel business is relatively low, and the more purpose is to empower other businesses through the flow of two-wheel business and realize the value-added of a single flow.</p><p>From this point of view, they can endure long-term losses in two rounds of business and continue to \"play\".</p><p>However, as a company with two rounds of business as its basic market, Hellobike obviously does not have such confidence, especially under the premise that the two rounds of business cannot see profitability in the short term, and it needs continuous blood transfusion. It is expected that after the IPO, Hellobike will be able to regain the favor of the capital market, especially with the help of the secondary market to gain more room for development.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>There is no end in bike-sharing. Can IPO solve the problem?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThere is no end in bike-sharing. Can IPO solve the problem?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1066040419\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/4e15097abde5468c897d6a3b51f78f1b);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">懂懂笔记 </p>\n<p class=\"h-time smaller\">2021-03-22 17:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Text/Left Bank</p><p>Since August 2016, mobike announced its entry into Beijing and Guangzhou markets. Three months later, ofo went out of the campus to start city services. The bike-sharing war officially kicked off.</p><p>Five years later, mobike (brand) no longer exists, and there are still more than 10 million people waiting in line to refund the deposit in ofo (sharing bicycles are hard to see on the streets)... Meituan, Didi and Hellobike have become the new \"Three Kingdoms Killing\". When the wind disperses and the market structure stabilizes, the listing of bike-sharing enterprises seems to be the last threshold.</p><p>From the news of foreign media at the beginning of the year to the recent attention of domestic public opinion, the listing of Hellobike Travel seems to have become inevitable. It is reported that it will go public in the United States as soon as the second quarter of this year, with a financing amount between US $1 billion and US $2 billion. If successful, Hellobike will become the first stock in bike-sharing in the true sense.</p><p>Behind the listing, in addition to giving investors a chance to leave the market, the more important demand is the need for money.</p><p><b>Bike-sharing is still what it was five years ago</b></p><p><img src=\"https://static.tigerbbs.com/f28ac1a13b3ba7bdd5028322b69e62d1\" tg-width=\"480\" tg-height=\"320\" referrerpolicy=\"no-referrer\"></p><p>Hu Weiwei and Dai Wei, the two most beautiful people in the bike-sharing War, have now achieved two different fates. The former has become the representative of \"financial freedom in their 30s\" that countless people dream of, while the latter has become a figure almost as famous as Jia Yueting in the domestic Internet field.</p><p>After their departure, the bike-sharing market doesn't seem to have much new ideas. When mobike sold himself and ofo's capital chain broke, the whole industry quickly became an outcast of capital. A large part of the reason for the rapid change in capital attitude is that there is no hope of profit on the track of bike-sharing.</p><p>Nowadays, the three-legged confrontation pattern of bike-sharing market has long been determined. Under the premise that the market pattern will hardly change, unless the top three can reach a consensus of \"stopping burning money and taking profit as the business orientation\" like several leading enterprises in sharing charging treasures, there will be some possibility of profit. But for the top three, each backed by giants, it seems unlikely to reach such a consensus.</p><p>Among the top three in today's market, compared with the \"pro-son\" status of Meituan and Didi's respective bike-sharing business lines, although Hellobike, which will be listed independently this time, has always been backed by Ali, it seems to be more like an adopted son. This identity (role) gap has also deepened Hellobike's own anxiety to some extent.</p><p>Observing such a relatively independent existence as Hellobike may be able to better see the current development status of the entire bike-sharing industry.</p><p>Public data shows that Hellobike, established in September 2016, has completed 15 rounds of financing so far. In less than five years, the cumulative financing scale has exceeded 10 billion, and a round of financing can be completed in an average of four months. This speed and efficiency are quite amazing. Behind these successive financing measures, Ant Financial is the one that appears the most.</p><p>However, a noteworthy detail is that although Hellobike's financing efficiency is very high overall, its latest financing was in December 2019. At present, more than a year has passed since the last financing. For an entrepreneurial platform like Hellobike, which once had ultra-high financing efficiency, the window period of more than one year is a bit long.</p><p>In addition, according to a document from the Credit Information Center of the People's Bank of China, Hellobike has previously mortgaged all its bicycle assets to a wholly-owned subsidiary of Ant Financial for a period of three years (December 4, 2019 to December 3, 2022).</p><p>Stagnant financing and mortgaged bicycle assets all seem to tell the outside world that it is not so easy for bike-sharing enterprises to get money from capital when the wind passes.</p><p>On the other hand, the valuation of Hellobike, which has gone through 15 rounds of financing, is also a big \"threshold\". As early as the beginning of 2019, Li Kaizhu, co-founder and CEO of Hellobike, publicly revealed that Hellobike's valuation reached US $5 billion. After experiencing two rounds of financing in 2019, its valuation is likely to reach tens of billions.</p><p>The threshold brought by such a high valuation has also directly rejected a large wave of investors, and only those real capital giants have the ability to continue to bless. But bike-sharing is no longer the \"popular fried chicken\" in the eyes of investors in the past. Who is willing to invest a lot of money in such projects?</p><p>In this case, it is obviously the best way to continue to obtain financial support from the secondary market through IPO, and IPO is what early investors need most. After all, they need an exit channel.</p><p>This IPO rumor is not the first time that Hellobike has heard relevant news. In July last year, Li Kaizhu said to the outside world: \"If there is an opportunity, the Science and Technology Innovation Board will be considered.\" It can be seen that Hellobike's desire for funds is not only urgent, but also urgently needed.</p><p><b>Can price increases be exchanged for profits?</b></p><p><img src=\"https://static.tigerbbs.com/74fe589a0813bce2ef60b25c0fcb16ee\" tg-width=\"500\" tg-height=\"334\" referrerpolicy=\"no-referrer\"></p><p>I still remember that the initial bike-sharing war started, and Allen Zhu, an investor of ofo, made a malicious remark that it would take 90 days to solve the battle. Although the later reality hit Zhu Xiaohu in the face, it is undoubtedly the most commonly used method in the hot industry in the past few years to defeat competitors by burning money, achieve his absolute advantage in the market position, and then harvest the market by adjusting the unit price of customers.</p><p>However, judging from the current market structure, it seems unlikely that the top three will completely defeat their opponents in terms of volume. Perhaps they have already given up the idea of further expanding their market share by burning money. When the market structure is stable and the cultivation of users' usage habits is completed, it is inevitable that the unit price of customers will rise.</p><p>Just in recent days, Hellobike has increased the unit price of customers in Shanghai. At present, the charging rules for Hellobike bicycles in Shanghai are 1.5 yuan for the first 15 minutes, and 1 yuan for every 15 minutes thereafter, which is equivalent to 4.5 yuan for 1 hour. Prior to this, the charging rule of Hellobike bicycles was 1.5 yuan every 30 minutes, which is equivalent to 3 yuan for 1 hour.</p><p>However, this price increase still seems to be a drop in the bucket compared with the huge losses in the bicycle business.</p><p>Regarding the intensity of bike-sharing's losses, we can get a glimpse by analyzing Meituan's financial report. Nowadays, Meituan will not separately announce the specific profit and loss of bicycle business in its financial report, but we can see the specific figures of related businesses in the financial report of the year when Meituan acquired mobike in 2018: the 2018 financial report shows that from the wholly-owned acquisition of mobike in April 2018 to the end of the year, the revenue contributed by mobike was only 1.507 billion yuan; At the same time, mobike still lost 4.55 billion yuan.</p><p>If the financial data from January to March are included, then the annual loss of mobike in 2018 will most likely exceed 5 billion yuan, which is a very scary figure.</p><p>Of course, as the competition intensity in the industry decreases and the company's operating efficiency improves, losses will definitely decrease accordingly, but it seems impossible to achieve profitability through the bicycle business itself.</p><p>An employee of the bicycle business of a head enterprise revealed to Understanding Notes: \"It is necessary to raise the price of bicycles, and now the unit price of customers can't even make up for the loss caused by the loss of bicycle business every year. And on the whole, the use efficiency of bike-sharing is not high, especially in those second-and third-tier cities. Some cities in the north will have several months of vehicle hibernation every year, which are cost pressures.\"</p><p>Since last year, motorcycles in the field of two-wheeled travel have also become the focus of competition among the three industries. Meituan Wang Xing particularly emphasized at the second quarter financial report meeting last year that it will continue to increase investment in new business areas such as fresh food retail and motorcycles.</p><p>Admittedly, from the user's point of view, motorcycles provide a better user experience within an acceptable price range. However, from the perspective of business operating costs, motorcycles are a \"heavier\" business than traditional bicycles.</p><p>An insider of one of the Big Three in bike-sharing also revealed to Understanding Notes: \"The cost of stolen batteries of motorcycles can reach hundreds of millions every year.\"</p><p>Let me emphasize that it is not the loss of the whole bicycle, but only the theft loss of the battery part.</p><p>In addition, the above-mentioned person also pointed out that at present, the company's internal operation and maintenance management of motorcycle business has obviously not kept up with the speed of business development: \"Because of the characteristics of motorcycles themselves, especially the charging problem, it has higher requirements for offline operation and maintenance. However, at present, the company level cannot accurately see the charging situation of each motorcycle, including the specific daily work efficiency of operation and maintenance, so it can only simply calculate the remuneration for these operations and maintenance on a daily basis.\"</p><p>In its view, this situation also causes \"fishing\" to become the most common phenomenon. Now the most urgent task within the company is to complete the design of this management system. \"In recent months, developers basically get off work after 10 o'clock every day.\"</p><p>Fundamentally speaking, the reduction of competition intensity has not changed the shackles of bike-sharing itself. As a typical asset-heavy and operation-heavy business, problems such as high loss, low utilization, and heavy operation and maintenance always exist. How can the contradictions caused by these problems be achieved if we want to achieve breakeven or even profit simply by increasing the unit price of customers?</p><p><b>Create more imagination beyond two rounds?</b></p><p>Although it is impossible to achieve profitability from the two-wheeled vehicle business alone, it is undeniable that the huge market share has indeed accumulated a considerable amount of traffic for the top three.</p><p>For the two giants Meituan and Didi, the value of the bicycle business itself no longer lies in \"whether it can achieve profitability alone\". The huge traffic brought by the bicycle business can empower other related businesses and drive the development of other businesses. A typical example is that Meituan and Didi were the most active in several new trends that appeared last year, and in the development of these businesses, the traffic of bike-sharing played an important role in promoting them.</p><p>At the beginning, the original intention of Ant Financial to invest in Hellobike was more about its own data and traffic, especially its financial business. But now that ants are strong enough, the importance of Hellobike, which has been unable to make a profit, will naturally decrease.</p><p>From the standpoint of Hellobike, even in order to maintain a relatively high valuation, it cannot limit its business territory to the vertical field of two-wheeled travel. It needs more business to expand its liquidity and give itself more room for imagination.</p><p><img src=\"https://static.tigerbbs.com/5fddcdbddf9249a9c5d0ec4c3e063fe7\" tg-width=\"500\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p>Therefore, in the past few years, we have also seen new business areas expanded by Hellobike, including two-wheel, four-wheel, battery replacement, errands, fresh food, community grocery shopping, etc. And if you observe carefully, you can find that the overlap between Hellobike and Didi in terms of business selection is actually very high. The only difference may be the difference in volume between the two.</p><p>Coincidentally, shortly after the news of Hellobike's listing, the news of Didi's listing was also reported again. According to a recent report by 36kr, Didi may secretly submit its forms in the second quarter of 2021 and complete its listing in the third quarter. It is rumored that the listing location may not be the previously rumored Hong Kong Stock Exchange, but the US stock market.</p><p>Meituan and Didi are two giants, one has O2O and take-out as the basic disk, and the other is the absolute overlord in the domestic online car-hailing field. In their business matrix, the importance of bike-sharing or two-wheel business is relatively low, and the more purpose is to empower other businesses through the flow of two-wheel business and realize the value-added of a single flow.</p><p>From this point of view, they can endure long-term losses in two rounds of business and continue to \"play\".</p><p>However, as a company with two rounds of business as its basic market, Hellobike obviously does not have such confidence, especially under the premise that the two rounds of business cannot see profitability in the short term, and it needs continuous blood transfusion. It is expected that after the IPO, Hellobike will be able to regain the favor of the capital market, especially with the help of the secondary market to gain more room for development.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6412a825ea44c36795f522dd65a2d3fe","relate_stocks":{"03690":"美团-W","09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196146182","content_text":"文/左岸\n2016年8月起，摩拜宣布进入北京、广州市场，三个月后ofo走出校园开启城市服务。共享单车大战由此正式拉开了帷幕。\n一晃五年时间过去，摩拜（品牌）已经不复存在，ofo排队退押金的人还有一千多万（街头已难见小黄车）……美团、滴滴、哈啰成了新的“三国杀”。当风口散去、市场格局稳定之后，共享单车企业的上市似乎成了最后一道门槛。\n从年初外媒的消息，到近来国内舆论的关注，哈啰出行的上市似乎已经成为必然。据悉其最快将于今年二季度赴美上市，融资金额在10亿美元到20亿美元之间。如果成功，哈啰将会成为真正意义上的共享单车第一股。\n上市的背后，除了要给投资人一个离场机会之外更主要的诉求——还是需要钱。\n共享单车还是五年前的样子\n\n作为当年共享单车大战中最风光的两个人——胡玮炜和戴威，如今已经成就了两种迥异的命运。前者成为无数人梦想中“30多岁财务自由”的代表，后者则成为国内互联网领域几乎和贾跃亭齐名的人物。\n而他们离开后的共享单车市场，似乎也没有了太多新意，当摩拜卖身、ofo资金链断裂之后，整个行业迅速成为了资本的弃儿。资本态度转变之快，很大一部分原因是在共享单车这条赛道上已经看不到任何盈利的希望。\n如今共享单车市场的三足鼎立格局早已定性，在市场格局几乎不会发生什么改变的大前提下，除非三强之间能够形成像共享充电宝几家头部企业那样达成“停止烧钱以盈利为经营导向”的共识，才有一些盈利的可能。但对于各自背靠巨头的三强而言，达成那样的共识似乎又不太可能。\n在如今的市场三强中，相较于美团和滴滴各自共享单车业务线的“亲儿子”身份，此次要独立上市的哈啰出行虽然一直背靠阿里，但似乎更像是一个义子，这种身份（角色）落差在某种程度上也加深了哈啰自身的焦虑。\n观察哈啰这样一个相对独立的存在，或许能更好地看清目前整个共享单车行业的发展状态。\n公开数据显示，2016年9月成立的哈啰出行至今已经完成15轮融资。不足五年的时间累计融资规模超过百亿，平均四个月就能完成一轮融资，这个速度和效率是相当惊人的。这些连番融资举措的背后，蚂蚁金服是最多出现的那道身影。\n不过，一个值得注意的细节是，虽然整体来看哈啰的融资效率非常高，但其最近一次融资是2019年的12月。目前距离上次融资已经过去一年有余，对于哈啰这样一个曾拥有超高融资效率的创业平台而言，一年多的空窗期有点儿漫长了。\n另外根据中国人民银行征信中心的一份文件显示，哈啰此前就已经将旗下所有的单车资产全部抵押给蚂蚁金服的全资子公司，为期三年（2019年12月4日到2022年12月3日）。\n停滞的融资、抵押的单车资产，这一切似乎都在告诉外界，当风口过去，共享单车企业想要从资本手中拿到钱已经不是那么容易。\n另一方面，经历了15轮融资的哈啰估值也是一个大“门槛”。早在2019年初，哈啰联合创始人、执行总裁李开逐就曾公开透露，哈啰的估值达到了50亿美元。而在经历了2019年的两轮融资之后，其估值大概率应该奔着百亿而去。\n这样高估值所带来的的门槛，也直接拒绝了一大波投资者，只有那些真正的资本巨头才有能力继续加持。但共享单车早就不是往昔投资人眼中的“当红炸子鸡”，谁又愿意拿出大量资金投在这样的项目上呢？\n这种情况下，通过IPO从二级市场继续获得资金支持显然是最佳方式，而IPO也是早期投资人最需要的，毕竟他们需要一个退出的通道。\n这一次的IPO传闻并不是哈啰第一次传出相关消息，去年7月李开逐就曾对外表示：“如果有机会，会考虑科创板“。可见哈啰对于资金的渴望，不止急迫、而且亟需。\n涨价能换来盈利吗？\n\n还记得最初的共享单车大战掀起，曾经ofo的投资人朱啸虎放出狠话称——90天解决战斗。虽然后来的现实打了朱啸虎的脸，但通过烧钱战胜竞争对手，实现自己绝对优势的市场地位，再通过调整客单价等方式收割市场，无疑是过去几年风口行业里最常用的手段。\n不过，从现阶段的市场格局来看，三强想要从体量上完全战胜对手似乎不太可能，或许它们各自心中也早已放弃进一步通过烧钱扩大自身市场份额的想法。当市场格局稳定，用户使用习惯培养完成之后，客单价上涨自然也就不可避免。\n就在近几日，哈啰提升了在上海地区的客单价。目前，哈啰单车在上海地区的收费规则为前15分钟1.5元，之后每15分钟1元，相当于1小时4.5元。在此之前，哈啰单车的收费规是每30分钟1.5元，相当于1小时3元。\n但这种幅度的提价，相较于单车业务的巨额亏损似乎仍有点儿杯水车薪的感觉。\n关于共享单车亏损的力度，可以通过分析美团的财报略窥一二。如今美团已经不会在财报中单独公布单车业务的具体盈亏，不过我们可以在2018年美团收购摩拜那一年的财报中，看到相关业务的具体数字：2018年财报显示，从2018年4月全资收购摩拜到年末，由摩拜贡献的收入仅为15.07亿元；同时，摩拜仍亏损了45.5亿元。\n如果将1~3月的财务数据也算进去，那么摩拜2018年的年亏损大概率会冲破50亿元，这是一个非常恐怖的数字。\n当然，随着行业竞争烈度的降低、公司经营效率的提升，亏损肯定是会有相应减少，但想要通过单车业务自身来实现盈利，似乎不太可能。\n某头部企业单车业务的职员对此向懂懂笔记透露：“单车的提价是必须的，现在客单价连每年单车业务因损耗造成的亏损都难以补平。而且从整体来看，共享单车的使用效率并不算高，特别是那些二三线城市。而北方部分城市每年还会有几个月的车辆冬眠期，这些都是成本压力。”\n从去年开始，两轮出行领域的电单车也成为三家行业竞争中的重点。美团王兴在去年第二季度财报会议上就特别强调，将在生鲜零售和电单车等新业务领域持续加大投入。\n诚然，站在用户的角度来看，电单车可以能接受的价格范围内提供了更好的用户体验。但从企业经营的成本上来看，电单车是一个比传统单车“更重”的业务。\n共享单车三巨头其中一家的内部人士也向懂懂笔记透露：“电单车每年仅仅电池被偷的成本，都能达到几个亿。”\n强调一下，不是单车整体的损耗，仅仅是电池部分的偷盗损耗。\n此外上述人士还指出，目前公司内部对于电单车业务的运维管理问题，显然没有跟上业务发展的速度：“由于电单车本身的特性，尤其涉及到充电的问题，所以它对线下运维的要求更高。但目前公司层面并不能精准地看到每一辆电单车的充电情况，包括运维方面每天的具体工作效率，因此只能简单地按天给这些运维计算报酬。“\n在其看来，这种情况也造成“摸鱼”成为最常见的现象。现在公司内部最紧迫的任务就是完成这个管理系统的设计，“这几个月来开发人员每天基本上都是10点以后下班。”\n从根本上来看，竞争烈度降低并没有改变共享单车本身的桎梏。作为一个典型重资产、重运营的业务，高损耗、低利用率、重运维等问题始终存在。这些问题造成的矛盾，想单凭提升客单价来实现盈亏平衡甚至盈利，又怎么能够达成？\n两轮之外创造更多想象空间？\n虽然不可能单凭两轮车业务实现盈利，但不可否认的是庞大的市场份额确实给三强积累了相当多的流量。\n对于美团、滴滴这两个巨头而言，单车业务的价值本身已经不在于“是否能够单独实现盈利“。单车业务所带来的巨大流量，可以为其他相关业务进行赋能，带动其他业务的发展。一个典型的例子，就是在去年出现的几个新风口中，美团和滴滴都是最积极的，而在这些业务的发展过程中，共享单车的流量起到了重要的推动作用。\n当初蚂蚁金服投资哈啰的初衷，更多也是看中了其本身的数据和流量，特别是其在金融业务方面的部分。但当现在蚂蚁的体量足够强大，一直无法盈利的哈啰对其重要性自然也就有所降低。\n站在哈啰的立场来看，就算是为了维持相对较高的估值，它也不能把自己的业务版图局限在两轮出行这个垂直领域。它需要更多的业务来拓展变现能力，让自己有更多的想象空间。\n\n所以，过去几年我们也看到包括两轮、四轮、换电、跑腿、生鲜、社区买菜等等哈啰拓展的新业务范畴。而且如果仔细观察就能发现，在业务选择上哈啰与滴滴的重合度其实是非常高的，唯一不同的可能就是二者在体量上的差距。\n巧合的是，就在哈啰传出上市不久之后，滴滴上市的消息也再度被传出。据36kr近日报道称，滴滴可能在今2021年第二季度秘密交表、三季度完成上市，据传上市地点有可能并非之前传闻中的港交所，而是美国股市。\n美团和滴滴两个巨头，一个有O2O、外卖作为基本盘，一个是国内网约车领域的绝对霸主。在它们的业务矩阵里，共享单车或者说两轮业务的重要性是相对靠后的，更多的目的是通过两轮业务的流量来赋能其他业务，实现单个流量的增值。\n由此看来，它们可以忍受两轮业务长时间的亏损，也能够继续“玩下去”。\n但作为一家以两轮业务为基本盘的企业，哈啰显然没有这样的底气，特别是在两轮业务短期内看不到盈利，自身又需要不断输血的前提下。期待IPO之后，哈啰能够让自己重新得到资本市场的青睐，尤其是在二级市场的助力下获得更大的发展空间。","news_type":1,"symbols_score_info":{"09988":0.9,"03690":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325377506,"gmtCreate":1615870281505,"gmtModify":1704787728358,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555286705263146","idStr":"3555286705263146"},"themes":[],"htmlText":"go","listText":"go","text":"go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325377506","repostId":"2119928028","repostType":4,"repost":{"id":"2119928028","kind":"highlight","pubTimestamp":1615864488,"share":"https://ttm.financial/m/news/2119928028?lang=en_US&edition=fundamental","pubTime":"2021-03-16 11:14","market":"us","language":"zh","title":"US media: Biden plans to raise federal taxes, the first sharp increase since 1993","url":"https://stock-news.laohu8.com/highlight/detail?id=2119928028","media":"新浪财经","summary":"据彭博社15日报道，知情人士透露，美国总统拜登正在计划上调联邦税收，以支持其新冠缓解法案的后续行动。据介绍，此次税收上调是自1993年以来首次大幅上调。　　彭博社称，对于拜登政府来说，增加税收的计划是一个机会，不仅可以为基础设施、改善气候问题等提供资金，还可以解决民主党人所说的税收制度不平等的问题。报道称，该计划将考验拜登拉拢共和党人和民主党人保持团结的能力。","content":"<p>[Global Network Report] According to a Bloomberg report on the 15th, people familiar with the matter revealed that US President Biden is planning to raise federal taxes to support the follow-up to his new crown mitigation bill. According to reports, this tax increase is the first substantial increase since 1993.</p><p><p class=\"t-img-caption\"><img src=\"http://n.sinaimg.cn/finance/crawl/746/w550h196/20210316/7da6-kmkptxc8916317.jpg\" tg-width=\"550\" tg-height=\"196\" referrerpolicy=\"no-referrer\"><span>(Bloomberg: Biden's next-stage economic plan focuses on tax increases, which is the first substantial increase since 1993)</span></p><p>According to reports, unlike the $1.9 trillion new crown stimulus bill, the U.S. government's next move is expected to be larger and will not rely solely on government debt as a source of funding. It is becoming increasingly clear that tax increases will be an integral part of the plan.</p><p>Bloomberg said that for the Biden administration, the plan to increase taxes is an opportunity not only to provide funds for infrastructure, improving climate issues, etc., but also to solve what Democrats call inequality in the tax system. According to reports, the plan will test Biden's ability to woo Republicans and Democrats to maintain unity.</p>","source":"sina_us","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US media: Biden plans to raise federal taxes, the first sharp increase since 1993</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS media: Biden plans to raise federal taxes, the first sharp increase since 1993\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-03-16 11:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>[Global Network Report] According to a Bloomberg report on the 15th, people familiar with the matter revealed that US President Biden is planning to raise federal taxes to support the follow-up to his new crown mitigation bill. According to reports, this tax increase is the first substantial increase since 1993.</p><p><p class=\"t-img-caption\"><img src=\"http://n.sinaimg.cn/finance/crawl/746/w550h196/20210316/7da6-kmkptxc8916317.jpg\" tg-width=\"550\" tg-height=\"196\" referrerpolicy=\"no-referrer\"><span>(Bloomberg: Biden's next-stage economic plan focuses on tax increases, which is the first substantial increase since 1993)</span></p><p>According to reports, unlike the $1.9 trillion new crown stimulus bill, the U.S. government's next move is expected to be larger and will not rely solely on government debt as a source of funding. It is becoming increasingly clear that tax increases will be an integral part of the plan.</p><p>Bloomberg said that for the Biden administration, the plan to increase taxes is an opportunity not only to provide funds for infrastructure, improving climate issues, etc., but also to solve what Democrats call inequality in the tax system. According to reports, the plan will test Biden's ability to woo Republicans and Democrats to maintain unity.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/world/gjcj/2021-03-16/doc-ikknscsi5876100.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"http://n.sinaimg.cn/sinakd20210316s/300/w720h380/20210316/3ff7-kmkptxc8498697.jpg","relate_stocks":{},"source_url":"https://finance.sina.com.cn/world/gjcj/2021-03-16/doc-ikknscsi5876100.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2119928028","content_text":"【环球网报道】据彭博社15日报道，知情人士透露，美国总统拜登正在计划上调联邦税收，以支持其新冠缓解法案的后续行动。据介绍，此次税收上调是自1993年以来首次大幅上调。（彭博社：拜登下阶段经济计划中聚焦增税，系1993年以来首次大幅上调）报道称，与1.9万亿美元的新冠刺激法案不同，美国政府的下一项举措预计规模更大，且不会仅仅依靠政府债务作为资金来源。越来越明显的是，增税将是该计划的一个组成部分。彭博社称，对于拜登政府来说，增加税收的计划是一个机会，不仅可以为基础设施、改善气候问题等提供资金，还可以解决民主党人所说的税收制度不平等的问题。报道称，该计划将考验拜登拉拢共和党人和民主党人保持团结的能力。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365986488,"gmtCreate":1614689700844,"gmtModify":1704774053687,"author":{"id":"3555286705263146","authorId":"3555286705263146","name":"francis888","avatar":"https://static.tigerbbs.com/1b0c4a363e7dcf591e676aeec9a54d06","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555286705263146","idStr":"3555286705263146"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>gogogo","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>gogogo","text":"$Palantir Technologies Inc.(PLTR)$gogogo","images":[{"img":"https://static.tigerbbs.com/13e94fefebf934bb92c2301da4e3555f","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365986488","isVote":1,"tweetType":1,"viewCount":1795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}