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2021-09-23

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Eargo Slammed on Criminal Probe, Withdrawn Guidance

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The company’s products range from $1,500 to $3,000. It makes a significant effort on the site to say they “May be covered by federal insurance.” In addition it breaks out its “Federal Employee program” on the site.</p>\n<p>As a result of the investigation, Eargo said it is withdrawing its financial guidance for the fiscal year ending Dec. 31.</p>\n<p>At the time of its last earnings report, on Aug. 12, Eargo said it was increasing its full-year net revenue guidance to between $93 million and $96 million from an earlier range of $89 million to $93 million.</p>\n<p>In addition, Eargo said it has “been the subject of an ongoing claims audit by an insurance company that is the Company's largest third-party payor. The Company has been informed by the insurance company that the DOJ is now the principal contact related to the subject matter of the audit.”</p>\n<p>It also said it “ intends to work with the government with the objective of validating the process to support any future claims that the Company may submit for reimbursement.”</p>\n<p>Shares of Eargo fell $11.31, or 52%, to $10.36 in after-hours trading.</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>Eargo Slammed on Criminal Probe, Withdrawn Guidance</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nEargo Slammed on Criminal Probe, Withdrawn Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 11:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/eargo-slammed-on-criminal-probe-withdrawn-guidance><strong>Thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Eargo Inc. (EAR)  said after the bell Wednesday that it is the target of a criminal investigation by the U.S. Dept. of Justice.\nThe company said in an SEC filing that the investigation is “related to ...</p>\n\n<a href=\"https://www.thestreet.com/investing/eargo-slammed-on-criminal-probe-withdrawn-guidance\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EAR":"Eargo, Inc."},"source_url":"https://www.thestreet.com/investing/eargo-slammed-on-criminal-probe-withdrawn-guidance","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124325323","content_text":"Eargo Inc. (EAR)  said after the bell Wednesday that it is the target of a criminal investigation by the U.S. Dept. of Justice.\nThe company said in an SEC filing that the investigation is “related to insurance reimbursement claims the Company has submitted on behalf of its customers covered by federal employee health plans.” It was notified of the investigation on Tuesday. Eargo said it is cooperating with the investigation.\nEargo, Inc., sells hearing aids through online stores. The company’s products range from $1,500 to $3,000. It makes a significant effort on the site to say they “May be covered by federal insurance.” In addition it breaks out its “Federal Employee program” on the site.\nAs a result of the investigation, Eargo said it is withdrawing its financial guidance for the fiscal year ending Dec. 31.\nAt the time of its last earnings report, on Aug. 12, Eargo said it was increasing its full-year net revenue guidance to between $93 million and $96 million from an earlier range of $89 million to $93 million.\nIn addition, Eargo said it has “been the subject of an ongoing claims audit by an insurance company that is the Company's largest third-party payor. The Company has been informed by the insurance company that the DOJ is now the principal contact related to the subject matter of the audit.”\nIt also said it “ intends to work with the government with the objective of validating the process to support any future claims that the Company may submit for reimbursement.”\nShares of Eargo fell $11.31, or 52%, to $10.36 in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869562100,"gmtCreate":1632305651400,"gmtModify":1676530747873,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Check bridgework","listText":"Check bridgework","text":"Check 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Chief Executive Officer Robert Reffkin started his career working in the","content":"<p>(Bloomberg) -- Compass Inc. Chief Executive Officer Robert Reffkin started his career working in the inner sanctums of American power, from McKinsey &amp; Co. to the White House to Goldman Sachs Group Inc. But it was a real estate startup that vaulted him to the ranks of the ultrarich.</p><p>Compass, the tech-focused brokerage that Reffkin co-founded in 2012, raised $450 million in an initial public offering Wednesday. The sale was cut in half from the company’s prior target as tech shares sank this week, and it priced at the low end of a reduced range with investor enthusiasm waning for high-flying startups that got a boost from Covid-related demand.</p><p>Now Reffkin, whose company has yet to turn a profit, must show that his investments in tech talent can justify Compass’s valuation.</p><p>“It’s been a very challenging market environment, I’m very happy we were able to realize our goal successfully,” Reffkin said in an interview. “The goal was never a valuation -- the goal was a successful capital raise and with today’s IPO we’ve raised hundreds of millions of dollars from great investors.”</p><p>The stock rose 12% from its $18 IPO price to close at $20.15 in its trading debut Thursday, giving the company a market value of $7.8 billion.</p><p>Fueled by funding from SoftBank Group Corp., the New York-based firm has grown into the second-largest brokerage in the U.S. It has benefited from a pandemic-driven housing boom and soaring investor demand for real estate-related technology.</p><p>But skeptics say it has yet to differentiate itself from traditional real estate companies or create a path toward making money. Reffkin said the new capital from the IPO will help the company turn a profit.</p><p>“We have a clear path to profitability,” Reffkin said. “We’re still going to grow fast, but we’re growing more efficiently.”</p><p>Reffkin’s roughly 6% stake in Compass was valued at $472 million at the IPO price. He stands to receive another 14.9 million shares in coming years contingent on tenure and share performance, which would boost his stake by about 50%.</p><p>That makes him one of corporate America’s wealthiest Black entrepreneurs, and one of only three Black founders to have taken their venture-backed companies public in the last decade, according to Crunchbase.</p><p>Compass recorded $270 million in losses last year, even as its revenue soared 56% to $3.7 billion. Realogy Holdings Corp., owner of the Coldwell Banker and Century 21 brands, has almost twice the annual revenue and a market value of just $1.8 billion. The company was valued at $6.4 billion in its last funding round in 2019.</p><p>“There’s no doubt that the growth has been extraordinary,” Clelia Warburg Peters, a venture partner at Bain Capital Ventures, said of Compass. “Is that a sign of innovation, or a sign that Rob brought investment-banking style aggressiveness into a sleepy industry?”</p><p>‘Underserved’ Agents</p><p>Reffkin, 41, describes Compass as a company designed to elevate real estate agents, who work as independent contractors under its brand. In a letter to potential investors, he said the group is “remarkably underserved,” despite playing a central role in the $2 trillion U.S. housing industry.</p><p>He was inspired by his mother Ruth, a single parent who supported the family by working as a real estate agent. She “didn’t have the right tools or support” to build her business, he wrote.</p><p>Reffkin’s early career, by contrast, was marked by a procession through America’s most storied institutions, including Columbia Business School, the Obama administration and a stint at Goldman, where he served as chief of staff to Gary Cohn, the bank’s president at the time. He founded a nonprofit called America Needs You, to help first-generation college students, and ran marathons in all 50 U.S. states to raise $1 million for charities.</p><p>In 2012, as tech was emerging as alternative to Wall Street as place for the young and ambitious to seek riches, Reffkin and Ori Allon, a software engineer who had sold his previous startups to Google and Twitter Inc., decided to launch a company together, going on to raise money from the likes of Josh Kushner’s Thrive Capital and former American Express Co. CEO Ken Chenault.</p><p>Armed with capital, Reffkin and Allon hit on a two-pronged approach. Compass hired coders to build software to help its agents run their businesses more efficiently. Over time they assembled a staff of 650 product and engineering professionals and hired a top artificial intelligence executive from Microsoft Corp.</p><p>Compass also dangled rich incentives to recruit agents from competitors, offering top performers stock options and the opportunity to keep a greater share of their commission revenue. At the same time, the company went on a buying spree as it ramped up its business in San Francisco and other markets.</p><p>Its critics say that Compass acquired growth without demonstrating the ability to improve margins and it will need to reduce compensation -- and risk alienating agents -- in order to profit. Doubts about its strategy grew loud enough that Chief Financial Officer Kristen Ankerbrandt penned a companywide email highlighting eight ways the company wasn’t like its fellow SoftBank-backed real estate startup, WeWork.</p><p>Reffkin’s rise is notable in other ways. Black Americans are strikingly underrepresented among the ultrawealthy. Out of the 156 Americans ranked on the Bloomberg Billionaires Index, only one -- private equity magnate Robert Smith -- is Black.</p><p>“It’s a long journey for any CEO and, candidly, it is much longer and more arduous for CEOs of color,” said Tyler Scriven, who leads the startup Saltbox. “Robert, having successfully brought such an incredibly ambitious company to market, provides one the best such examples that we’ve seen in generations.”</p>","source":"lsy1584095487587","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>Compass CEO Who Pivoted From Goldman to Tech Reaps IPO Gain</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nCompass CEO Who Pivoted From Goldman to Tech Reaps IPO Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 10:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/compass-ceo-pivoted-goldman-tech-132635900.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Compass Inc. Chief Executive Officer Robert Reffkin started his career working in the inner sanctums of American power, from McKinsey & Co. to the White House to Goldman Sachs Group Inc...</p>\n\n<a href=\"https://finance.yahoo.com/news/compass-ceo-pivoted-goldman-tech-132635900.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COMP":"Compass, Inc."},"source_url":"https://finance.yahoo.com/news/compass-ceo-pivoted-goldman-tech-132635900.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184918741","content_text":"(Bloomberg) -- Compass Inc. Chief Executive Officer Robert Reffkin started his career working in the inner sanctums of American power, from McKinsey & Co. to the White House to Goldman Sachs Group Inc. But it was a real estate startup that vaulted him to the ranks of the ultrarich.Compass, the tech-focused brokerage that Reffkin co-founded in 2012, raised $450 million in an initial public offering Wednesday. The sale was cut in half from the company’s prior target as tech shares sank this week, and it priced at the low end of a reduced range with investor enthusiasm waning for high-flying startups that got a boost from Covid-related demand.Now Reffkin, whose company has yet to turn a profit, must show that his investments in tech talent can justify Compass’s valuation.“It’s been a very challenging market environment, I’m very happy we were able to realize our goal successfully,” Reffkin said in an interview. “The goal was never a valuation -- the goal was a successful capital raise and with today’s IPO we’ve raised hundreds of millions of dollars from great investors.”The stock rose 12% from its $18 IPO price to close at $20.15 in its trading debut Thursday, giving the company a market value of $7.8 billion.Fueled by funding from SoftBank Group Corp., the New York-based firm has grown into the second-largest brokerage in the U.S. It has benefited from a pandemic-driven housing boom and soaring investor demand for real estate-related technology.But skeptics say it has yet to differentiate itself from traditional real estate companies or create a path toward making money. Reffkin said the new capital from the IPO will help the company turn a profit.“We have a clear path to profitability,” Reffkin said. “We’re still going to grow fast, but we’re growing more efficiently.”Reffkin’s roughly 6% stake in Compass was valued at $472 million at the IPO price. He stands to receive another 14.9 million shares in coming years contingent on tenure and share performance, which would boost his stake by about 50%.That makes him one of corporate America’s wealthiest Black entrepreneurs, and one of only three Black founders to have taken their venture-backed companies public in the last decade, according to Crunchbase.Compass recorded $270 million in losses last year, even as its revenue soared 56% to $3.7 billion. Realogy Holdings Corp., owner of the Coldwell Banker and Century 21 brands, has almost twice the annual revenue and a market value of just $1.8 billion. The company was valued at $6.4 billion in its last funding round in 2019.“There’s no doubt that the growth has been extraordinary,” Clelia Warburg Peters, a venture partner at Bain Capital Ventures, said of Compass. “Is that a sign of innovation, or a sign that Rob brought investment-banking style aggressiveness into a sleepy industry?”‘Underserved’ AgentsReffkin, 41, describes Compass as a company designed to elevate real estate agents, who work as independent contractors under its brand. In a letter to potential investors, he said the group is “remarkably underserved,” despite playing a central role in the $2 trillion U.S. housing industry.He was inspired by his mother Ruth, a single parent who supported the family by working as a real estate agent. She “didn’t have the right tools or support” to build her business, he wrote.Reffkin’s early career, by contrast, was marked by a procession through America’s most storied institutions, including Columbia Business School, the Obama administration and a stint at Goldman, where he served as chief of staff to Gary Cohn, the bank’s president at the time. He founded a nonprofit called America Needs You, to help first-generation college students, and ran marathons in all 50 U.S. states to raise $1 million for charities.In 2012, as tech was emerging as alternative to Wall Street as place for the young and ambitious to seek riches, Reffkin and Ori Allon, a software engineer who had sold his previous startups to Google and Twitter Inc., decided to launch a company together, going on to raise money from the likes of Josh Kushner’s Thrive Capital and former American Express Co. CEO Ken Chenault.Armed with capital, Reffkin and Allon hit on a two-pronged approach. Compass hired coders to build software to help its agents run their businesses more efficiently. Over time they assembled a staff of 650 product and engineering professionals and hired a top artificial intelligence executive from Microsoft Corp.Compass also dangled rich incentives to recruit agents from competitors, offering top performers stock options and the opportunity to keep a greater share of their commission revenue. At the same time, the company went on a buying spree as it ramped up its business in San Francisco and other markets.Its critics say that Compass acquired growth without demonstrating the ability to improve margins and it will need to reduce compensation -- and risk alienating agents -- in order to profit. Doubts about its strategy grew loud enough that Chief Financial Officer Kristen Ankerbrandt penned a companywide email highlighting eight ways the company wasn’t like its fellow SoftBank-backed real estate startup, WeWork.Reffkin’s rise is notable in other ways. Black Americans are strikingly underrepresented among the ultrawealthy. Out of the 156 Americans ranked on the Bloomberg Billionaires Index, only one -- private equity magnate Robert Smith -- is Black.“It’s a long journey for any CEO and, candidly, it is much longer and more arduous for CEOs of color,” said Tyler Scriven, who leads the startup Saltbox. “Robert, having successfully brought such an incredibly ambitious company to market, provides one the best such examples that we’ve seen in generations.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359095643,"gmtCreate":1616297978882,"gmtModify":1704792721105,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Coming back up","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Coming back up","text":"$XPeng Inc.(XPEV)$Coming back up","images":[{"img":"https://static.tigerbbs.com/f3a7e12857dfca09b9e13fd98dd36c8e","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/359095643","isVote":1,"tweetType":1,"viewCount":407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":812401043,"gmtCreate":1630598407682,"gmtModify":1676530353775,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PDD\">$Pinduoduo Inc.(PDD)$</a>Slowlyyyy","listText":"<a href=\"https://laohu8.com/S/PDD\">$Pinduoduo Inc.(PDD)$</a>Slowlyyyy","text":"$Pinduoduo Inc.(PDD)$Slowlyyyy","images":[{"img":"https://static.tigerbbs.com/1baf4860c64605c3ef6d19a81ed6b9ec","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/812401043","isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":803713541,"gmtCreate":1627463237683,"gmtModify":1703490447654,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PDD\">$Pinduoduo Inc.(PDD)$</a>Any donations pls??","listText":"<a href=\"https://laohu8.com/S/PDD\">$Pinduoduo Inc.(PDD)$</a>Any donations pls??","text":"$Pinduoduo Inc.(PDD)$Any donations pls??","images":[{"img":"https://static.tigerbbs.com/855679ae10e9a23c7d3b122a61e9ae78","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/803713541","isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":177506971,"gmtCreate":1627233659193,"gmtModify":1703485817944,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PDD\">$Pinduoduo Inc.(PDD)$</a>Everyday crying","listText":"<a href=\"https://laohu8.com/S/PDD\">$Pinduoduo Inc.(PDD)$</a>Everyday crying","text":"$Pinduoduo Inc.(PDD)$Everyday crying","images":[{"img":"https://static.tigerbbs.com/1d65e706a73a907b7d5ebe02461f646f","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/177506971","isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559157121318776","authorId":"3559157121318776","name":"温良恭","avatar":"https://static.tigerbbs.com/578ac994ad69614ee393c7c08aca3a38","crmLevel":5,"crmLevelSwitch":0},"content":"Hold on, from the logical point of view, it is a matter of time before Pinduoduo Inc. turns over Alibaba. Originally, I estimated it to be 5 years, and now it is estimated to be 4 years, but I sold my Pinduoduo Inc. for Bitcoin, and I have never been happy.","text":"Hold on, from the logical point of view, it is a matter of time before Pinduoduo Inc. turns over Alibaba. Originally, I estimated it to be 5 years, and now it is estimated to be 4 years, but I sold my Pinduoduo Inc. for Bitcoin, and I have never been happy.","html":"Hold on, from the logical point of view, it is a matter of time before Pinduoduo Inc. turns over Alibaba. Originally, I estimated it to be 5 years, and now it is estimated to be 4 years, but I sold my Pinduoduo Inc. for Bitcoin, and I have never been happy."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":153401069,"gmtCreate":1625040334551,"gmtModify":1703850693141,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Coming back!","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Coming back!","text":"$NIO Inc.(NIO)$Coming back!","images":[{"img":"https://static.tigerbbs.com/4fd946fafe856b00ac84603fae6b4851","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153401069","isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":102238003,"gmtCreate":1620216188002,"gmtModify":1704340278188,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Bye bye","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Bye bye","text":"$XPeng Inc.(XPEV)$Bye bye","images":[{"img":"https://static.tigerbbs.com/1b543b6233fda33962670048b8dbc2d3","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/102238003","isVote":1,"tweetType":1,"viewCount":553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":896274481,"gmtCreate":1628589306143,"gmtModify":1703508654346,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Help like ty","listText":"Help like ty","text":"Help like ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/896274481","repostId":"1172629758","repostType":4,"repost":{"id":"1172629758","pubTimestamp":1628588719,"share":"https://www.laohu8.com/m/news/1172629758?lang=&edition=full","pubTime":"2021-08-10 17:45","market":"us","language":"en","title":"Tesla China Shipments of Locally Made Cars Plunge in July","url":"https://stock-news.laohu8.com/highlight/detail?id=1172629758","media":"Bloomberg","summary":"Tesla Inc.shipments of China-made cars to the local market fell sharply last month following a run o","content":"<p>Tesla Inc.shipments of China-made cars to the local market fell sharply last month following a run of negative publicity that culminated in therecallof almost every vehicle the California-based company has sold in the nation.</p>\n<p>Elon Musk’s electric-vehicle pioneer reported domestic China shipments of just 8,621 units in July, a 69% plunge from June when Tesla’s Shanghai factory shipped 28,138 cars to the local market. Exports however soared to 24,347 versus 5,017, with most of those vehicles destined for Europe. That meant overall Tesla China shipments in July decreased just 0.6% to 32,968.</p>\n<p>After initially enjoying ared-carpet welcomein China, including being the only foreign automaker allowed to wholly own its local operation, Tesla has endured a series of setback this year. Aprotestby a disgruntled owner at the Shanghai Auto Show in April thatwent viralon social media was followed by a spate ofcrashesandregulatory concernsover safety and customer service.</p>\n<p>At the same time, Tesla is facing fiercer competition from local EV startups likeNio Inc.,Xpeng Inc.andLi Auto Inc., which has justraised$1.5 billion in its Hong Kong listing that will help fund research and development and infrastructure expansion. Li Autodelivered8,589 cars in July, while Xpengsold8,040 vehicles last month. Nio delivered 7,931. It’s the first month that domestic upstarts have recorded similar deliveries to the American giant.</p>\n<p>“Tesla tends to be aggressive in exports regardless of the domestic market in July,” PCA Secretary General Cui Dongshu said during a briefing Tuesday. “The fact that Tesla’s domestic deliveries didn’t reach 10,000 is normal and fine.”</p>\n<p>Tesla last month launched acheaper versionof its locally built Model Y SUV crossover, a fact that might have seen some customers delay their purchase until that particular variant is available. The model is expected to start delivery in the coming months.</p>\n<p>The so-called standard-range version will start from 276,000 yuan ($42,600) after government subsidies, about 20% less than the original longer-range Model Y. It then cut the price of its basic Model 3 by 15,000 yuan to 235,900 yuan.</p>\n<p>By comparison, Nio’s ES6 SUV starts from around 358,000 yuan and Li Auto’s Li One sells for 338,000 yuan. While Tesla still leads the luxury EV market, its Chinese rivals are catching up with stylish designs, localized software and meticulouscustomer care.</p>\n<p>“We think current demand for Tesla is fine in China, but that Tesla has over/forward built capacity relative to the U.S., which is triggering price cuts and exports,” Bernstein analysts led by Toni Sacconaghi said in an Aug 9. report. Domestic competition is “likely to make it difficult to Tesla to fully capture its fair share or sustain similar levels of profitability.”</p>\n<p>Overall, retail sales of cars, sport utility vehicles and multipurpose vehicles declined by 6.4% in July from a year earlier to 1.52 million units, PCA data showed Tuesday. New-energy vehicle sales, which include electric cars and plug-in hybrids, increased almost 170% from a year earlier to 222,000, led by strong showing from BYD, Tesla, and SAIC Corp.</p>\n<p>Cui also said that he expects the global chip shortage to start to ease after next month.</p>\n<p>“The nationalanti-trustprobe into semiconductors led by the state authorities will intimidate some chip distributors and they will release the inventory they were hoarding, which will further benefit the production and sales,” he said, with reference to a governmentprobe into possible price manipulationthat was announced last week.</p>","source":"lsy1584095487587","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>Tesla China Shipments of Locally Made Cars Plunge in July</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nTesla China Shipments of Locally Made Cars Plunge in July\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 17:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-10/tesla-china-deliveries-of-locally-made-cars-plunge-69-in-july><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc.shipments of China-made cars to the local market fell sharply last month following a run of negative publicity that culminated in therecallof almost every vehicle the California-based ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-10/tesla-china-deliveries-of-locally-made-cars-plunge-69-in-july\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-10/tesla-china-deliveries-of-locally-made-cars-plunge-69-in-july","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172629758","content_text":"Tesla Inc.shipments of China-made cars to the local market fell sharply last month following a run of negative publicity that culminated in therecallof almost every vehicle the California-based company has sold in the nation.\nElon Musk’s electric-vehicle pioneer reported domestic China shipments of just 8,621 units in July, a 69% plunge from June when Tesla’s Shanghai factory shipped 28,138 cars to the local market. Exports however soared to 24,347 versus 5,017, with most of those vehicles destined for Europe. That meant overall Tesla China shipments in July decreased just 0.6% to 32,968.\nAfter initially enjoying ared-carpet welcomein China, including being the only foreign automaker allowed to wholly own its local operation, Tesla has endured a series of setback this year. Aprotestby a disgruntled owner at the Shanghai Auto Show in April thatwent viralon social media was followed by a spate ofcrashesandregulatory concernsover safety and customer service.\nAt the same time, Tesla is facing fiercer competition from local EV startups likeNio Inc.,Xpeng Inc.andLi Auto Inc., which has justraised$1.5 billion in its Hong Kong listing that will help fund research and development and infrastructure expansion. Li Autodelivered8,589 cars in July, while Xpengsold8,040 vehicles last month. Nio delivered 7,931. It’s the first month that domestic upstarts have recorded similar deliveries to the American giant.\n“Tesla tends to be aggressive in exports regardless of the domestic market in July,” PCA Secretary General Cui Dongshu said during a briefing Tuesday. “The fact that Tesla’s domestic deliveries didn’t reach 10,000 is normal and fine.”\nTesla last month launched acheaper versionof its locally built Model Y SUV crossover, a fact that might have seen some customers delay their purchase until that particular variant is available. The model is expected to start delivery in the coming months.\nThe so-called standard-range version will start from 276,000 yuan ($42,600) after government subsidies, about 20% less than the original longer-range Model Y. It then cut the price of its basic Model 3 by 15,000 yuan to 235,900 yuan.\nBy comparison, Nio’s ES6 SUV starts from around 358,000 yuan and Li Auto’s Li One sells for 338,000 yuan. While Tesla still leads the luxury EV market, its Chinese rivals are catching up with stylish designs, localized software and meticulouscustomer care.\n“We think current demand for Tesla is fine in China, but that Tesla has over/forward built capacity relative to the U.S., which is triggering price cuts and exports,” Bernstein analysts led by Toni Sacconaghi said in an Aug 9. report. Domestic competition is “likely to make it difficult to Tesla to fully capture its fair share or sustain similar levels of profitability.”\nOverall, retail sales of cars, sport utility vehicles and multipurpose vehicles declined by 6.4% in July from a year earlier to 1.52 million units, PCA data showed Tuesday. New-energy vehicle sales, which include electric cars and plug-in hybrids, increased almost 170% from a year earlier to 222,000, led by strong showing from BYD, Tesla, and SAIC Corp.\nCui also said that he expects the global chip shortage to start to ease after next month.\n“The nationalanti-trustprobe into semiconductors led by the state authorities will intimidate some chip distributors and they will release the inventory they were hoarding, which will further benefit the production and sales,” he said, with reference to a governmentprobe into possible price manipulationthat was announced last week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142452315,"gmtCreate":1626170909437,"gmtModify":1703754745281,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>Lets go BABA","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>Lets go BABA","text":"$Alibaba(BABA)$Lets go BABA","images":[{"img":"https://static.tigerbbs.com/475f6909d58078480a58f20800ad0ea7","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/142452315","isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":109886675,"gmtCreate":1619683509597,"gmtModify":1704727935801,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CRSR\">$Corsair Gaming, Inc.(CRSR)$</a>[Facepalm]&nbsp;","listText":"<a href=\"https://laohu8.com/S/CRSR\">$Corsair Gaming, Inc.(CRSR)$</a>[Facepalm]&nbsp;","text":"$Corsair Gaming, Inc.(CRSR)$[Facepalm]","images":[{"img":"https://static.tigerbbs.com/ec18f6543d25eabb301d6296ea2c97f4","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/109886675","isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":353830431,"gmtCreate":1616478112923,"gmtModify":1704794605169,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/353830431","repostId":"1113268864","repostType":4,"repost":{"id":"1113268864","pubTimestamp":1616476327,"share":"https://www.laohu8.com/m/news/1113268864?lang=&edition=full","pubTime":"2021-03-23 13:12","market":"us","language":"en","title":"Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=1113268864","media":"cnbc","summary":"KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nTh","content":"<div>\n<p>KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S., raised $3.1 billion in the Hong ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nBaidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 13:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S., raised $3.1 billion in the Hong ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0cb3c6c3c55603d00a14ee3389850b7f","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"source_url":"https://www.cnbc.com/2021/03/23/baidu-shares-debut-in-hong-kong-secondary-listing.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113268864","content_text":"KEY POINTS\n\nBaidu shares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S., raised $3.1 billion in the Hong Kong secondary listing.\nBaidu, operator of China’s largest search engine, has had a rough couple years from mid-2018 and lagged behind rivals such as Alibaba and Tencent.\n\nGUANGZHOU, China —Baidushares rose just under 1% at the open in the company’s Hong Kong debut Tuesday.\nThe Chinese technology giant, which is already listed in the U.S.,raised $3.1 billion in the Hong Kong secondary listing. Shares pared those gains during morning trade.\nUnlike initial public offerings, secondary listings may not be greeted with massive first-day rallies as shares of the company are already trading on another exchange.\nThe Hong Kong listing is a big moment for Baidu, China’s largest search engine. The company has had a rough couple years from mid-2018 and lagged behind rivals such asAlibabaandTencent. Baidu failed to move quickly asChinese users flocked to mobile search and a tough advertising market hurt the business.\nBut a turnaround, led by CEO Robin Li, has centered on convincing investors that the technology giant is a leader in artificial intelligence and autonomous driving in a bid to diversify its revenue stream beyond advertising. And that seems to paying off.\nIn mid-May 2018,Baidu’sU.S.-listed shares closed at $284.07 a share, a record high at the time. But the stock subsequently fell over 70% to a trough of $83.62 in March 2020 amid the stock market crash. That was the lowest close since April 2013.\nBut since the March 2020 low, shares have rallied over 200%. Baidu shares hit an all time high of $354.82 in February.\n“I think EV (electric vehicles) is part of the story. At the same time, cloud computing, integrating AI, these are all the areas where Baidu has been investing in very heavily really since 2014 and we’re just starting to see the fruits of those labors,” Brendan Ahern, chief investment officer at KraneShares, told “Squawk Box Asia” on Tuesday.\nBaidu has an autonomous driving system called Apollo which can be sold to automakers. The companystarted a standalone electric vehicle company in partnership with Chinese carmaker Geely. Baidu is also testing robotaxis in cities including in Beijing. And last month, the firm launched a smart transportation project in the southern Chinese city of Guangzhou, its biggest yet.\nJames Lee, U.S. and China internet analyst at Mizuho Securities, has a $350 price target on Baidu’s U.S.-listed shares, which is 31% higher than Monday’s closing price on Wall Street. He said that the autonomous driving business could be valued at $40 billion and that the Chinese government will continue to support this industry with favorable policies. Lee also said he expects Baidu’s advertising business to continue to gain momentum in the first quarter of this year.\n“We do like the fundamentals of the company and we continue to expect the Baidu shares will outperform the market,” Lee told “Street Signs Asia” on Tuesday.\nMeanwhile, Baidu has been looking to further diversify its revenue streams. The companyhas raised money for its Kunlun artificial intelligence semiconductor unit which is valued at $2 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":40,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816856167,"gmtCreate":1630489432159,"gmtModify":1676530317962,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>To Mars!","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>To Mars!","text":"$Tesla Motors(TSLA)$To Mars!","images":[{"img":"https://static.tigerbbs.com/e67b5727a3764a37461a908a328e3f0b","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/816856167","isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":833936278,"gmtCreate":1629195479294,"gmtModify":1676529961796,"author":{"id":"3561609447157373","authorId":"3561609447157373","name":"Baldy","avatar":"https://static.tigerbbs.com/0b4d7e96779a5120811e1a603b358e54","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>No more winnings","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>No more winnings","text":"$Tesla Motors(TSLA)$No more winnings","images":[{"img":"https://static.tigerbbs.com/8dc2e5d66b34a560b7f80de116419d6b","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/833936278","isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}