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BernardLL

BernardLL

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2023-12-22

$TENCENT(00700)$ Why the sudden sell off?

2023-03-12

Get ready for the big storm ahead

20 Banks That Are Sitting on Huge Potential Securities Losses--As Was SVB

2021-08-25

$BOQI ENV(02377)$Will study this company carefully

2023-12-21

It's not even a rally.... trying to push up all the way to maximise that little bit more of profits.funds will flowing out from US soon

What Killed the US Stock Rally?

2023-11-02

The sharks already set up their positions in China heavyweights

Sorry, the original content has been removed

02-27

$BIDU-SW(09888)$ Way to go

2023-12-27

$TENCENT(00700)$ those who short Tencent will suffer big losses

2023-12-11

Baba is not competitive enough

China Has A New E-Commerce Top Dog As Global Gains Lift PDD Past Alibaba

2023-10-24

$HSI(HSI)$ Alot of people feeling bearish and fearful. Time for me to be greedy now

2023-08-08

$HSI(HSI)$ Have to be patient. The day will come

2023-05-16

$U.S. Bancorp(USB)$ Inflation will continue to be sticky and the rising interest rates will force more banks to experience problems. I expect more shorts on the bank stocks. I have confidence in USB but my entry price has to be below $20 now

2022-09-23

HSI is confirmed to be oversold. But to recover willneed time and the covid situation to be stabilised. HK will need to rebuild its economy and improve the overall investment climate and attract more foreign talent just like what Singapore is doing. On the high inflation problem, hopefully the FED can limit its damage on equities markets

2022-05-19

$FIT Hon Teng(06088)$I will be studying this company. Wait for my updates

2021-08-18

$CHINA YOUZAN(08083)$Bought in

2022-05-27

$CHINA STARCH(03838)$for your reference

2021-08-19

$Alibaba(09988)$Oversold.

2023-08-18

Too many negative news all at one go.... valuation drops quite a lot. Which means time to buy in

Hong Kong Stocks Set for Biggest Weekly Drop Since June As Debt Defaults, Yuan Slide Trouble Investors

2022-11-01

$Lufax(LU)$China covid exit plans, fed pivoting and inflation under control.... will all these drive lufax back to above $5

03-14

$TG SMART ENERGY(01083)$ time to look at it

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/00576\">$ZHEJIANGEXPRESS(00576)$</a> Invested","listText":"<a href=\"https://ttm.financial/S/00576\">$ZHEJIANGEXPRESS(00576)$</a> Invested","text":"$ZHEJIANGEXPRESS(00576)$ Invested","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/304385068962008","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":289622022656248,"gmtCreate":1711715146993,"gmtModify":1711715151293,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Already vested in Baidu. Autonomous taxi and AI will still bring in high growth.&nbsp;","listText":"Already vested in Baidu. Autonomous taxi and AI will still bring in high growth.&nbsp;","text":"Already vested in Baidu. Autonomous taxi and AI will still bring in high growth.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289622022656248","repostId":"289603819036776","repostType":1,"repost":{"id":289603819036776,"gmtCreate":1711712429805,"gmtModify":1711712713781,"author":{"id":"10000000000010844","authorId":"10000000000010844","name":"AI_Dig","avatar":"https://community-static.tradeup.com/news/361bf37eac2660de93c3020a7714b78d","crmLevel":1,"crmLevelSwitch":0},"themes":[],"title":"Here are four reasons why you should buy Baidu!","htmlText":"图片In recent years, AI stock <a href=\"https://ttm.financial/S/BIDU\">$Baidu(BIDU)$</a> <a href=\"https://ttm.financial/S/09888\">$BIDU-SW(09888)$</a> hasn't been getting much love from investors, with its share price plunging over 70% from its highs three years ago. However, all risk is basically priced in now, and the company's fundamentals are still solid.When the bad news is all out, good news is just around the corner. And believe me, now is the perfect time to jump on this former growth star. Here are four reasons why:1.Baidu is a bargain!Baidu ticks all the boxes for value investors. While tech giants in the US are seeing their valuations skyrocket, Baidu is trading at a mere 13 times its earnings. And if you look at adjusted earnings, that number drops to just 9! Compare that to","listText":"图片In recent years, AI stock <a href=\"https://ttm.financial/S/BIDU\">$Baidu(BIDU)$</a> <a href=\"https://ttm.financial/S/09888\">$BIDU-SW(09888)$</a> hasn't been getting much love from investors, with its share price plunging over 70% from its highs three years ago. However, all risk is basically priced in now, and the company's fundamentals are still solid.When the bad news is all out, good news is just around the corner. And believe me, now is the perfect time to jump on this former growth star. Here are four reasons why:1.Baidu is a bargain!Baidu ticks all the boxes for value investors. While tech giants in the US are seeing their valuations skyrocket, Baidu is trading at a mere 13 times its earnings. And if you look at adjusted earnings, that number drops to just 9! Compare that to","text":"图片In recent years, AI stock $Baidu(BIDU)$ $BIDU-SW(09888)$ hasn't been getting much love from investors, with its share price plunging over 70% from its highs three years ago. However, all risk is basically priced in now, and the company's fundamentals are still solid.When the bad news is all out, good news is just around the corner. And believe me, now is the perfect time to jump on this former growth star. Here are four reasons why:1.Baidu is a bargain!Baidu ticks all the boxes for value investors. While tech giants in the US are seeing their valuations skyrocket, Baidu is trading at a mere 13 times its earnings. And if you look at adjusted earnings, that number drops to just 9! Compare that to","images":[{"img":"https://community-static.tradeup.com/news/5109fbd2e033f183f162f788e615782b","width":"909","height":"559"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289603819036776","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":284240849842376,"gmtCreate":1710410772376,"gmtModify":1710410775537,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01083\">$TG SMART ENERGY(01083)$</a> time to look at it","listText":"<a href=\"https://ttm.financial/S/01083\">$TG SMART ENERGY(01083)$</a> time to look at it","text":"$TG SMART ENERGY(01083)$ time to look at it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/284240849842376","isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278537639498008,"gmtCreate":1709029990612,"gmtModify":1709029993310,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09888\">$BIDU-SW(09888)$&nbsp;</a><v-v data-views=\"1\"></v-v> Way to go","listText":"<a href=\"https://ttm.financial/S/09888\">$BIDU-SW(09888)$&nbsp;</a><v-v data-views=\"1\"></v-v> Way to go","text":"$BIDU-SW(09888)$ Way to go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278537639498008","isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":265688654405656,"gmtCreate":1705889420006,"gmtModify":1705889423607,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a><v-v data-views=\"0\"></v-v> The selling now is too strong&nbsp;","listText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a><v-v data-views=\"0\"></v-v> The selling now is too strong&nbsp;","text":"$HSI(HSI)$ The selling now is too strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/265688654405656","isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":256596790456416,"gmtCreate":1703679596649,"gmtModify":1703679600887,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a><v-v data-views=\"1\"></v-v>those who short Tencent will suffer big losses","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a><v-v data-views=\"1\"></v-v>those who short Tencent will suffer big losses","text":"$TENCENT(00700)$ those who short Tencent will suffer big losses","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/256596790456416","isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254691823218960,"gmtCreate":1703217276228,"gmtModify":1703217278748,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a><v-v data-views=\"0\"></v-v>Why the sudden sell off?","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a><v-v data-views=\"0\"></v-v>Why the sudden sell off?","text":"$TENCENT(00700)$ Why the sudden sell off?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/254691823218960","isVote":1,"tweetType":1,"viewCount":1269,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"content":"Yes, the news just came out. But the selling off happen earlier","text":"Yes, the news just came out. But the selling off happen earlier","html":"Yes, the news just came out. But the selling off happen earlier"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254369085436200,"gmtCreate":1703138484550,"gmtModify":1703138489155,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"It's not even a rally.... trying to push up all the way to maximise that little bit more of profits.funds will flowing out from US soon","listText":"It's not even a rally.... trying to push up all the way to maximise that little bit more of profits.funds will flowing out from US soon","text":"It's not even a rally.... trying to push up all the way to maximise that little bit more of profits.funds will flowing out from US soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254369085436200","repostId":"1141146421","repostType":2,"repost":{"id":"1141146421","pubTimestamp":1703138400,"share":"https://www.laohu8.com/m/news/1141146421?lang=&edition=full","pubTime":"2023-12-21 14:00","market":"us","language":"en","title":"What Killed the US Stock Rally?","url":"https://stock-news.laohu8.com/highlight/detail?id=1141146421","media":"Bloomberg","summary":"Put trades cited as catalyst for biggest slide in three monthsLight trading, overbought conditions may have exacerbated moveThis year’s hottest derivatives trade, and perhaps also its most divisive, s","content":"<html><head></head><body><ul style=\"\"><li><p>Put trades cited as catalyst for biggest slide in three months</p></li><li><p>Light trading, overbought conditions may have exacerbated move</p></li></ul><p>This year’s hottest derivatives trade, and perhaps also its most divisive, stole the limelight one final time for 2023 as market watchers cast zero-day options as the villains behind Wednesday’s rally-ending slump in US equities.</p><p style=\"text-align: start;\">With the S&amp;P 500 Index in overbought territory and turnover curtailed by looming holidays, observers suggested hefty volumes in put options that expire within 24 hours, known as 0DTE options, were sufficient to drag the market to its biggest loss in almost three months. Such trades would oblige market makers on the other side of the transactions to hedge their exposure, pushing the market lower, the argument goes.</p><p>“We have been wary of 0DTE options for quite some time,” Matthew Tym, the head of equity derivatives trading at Cantor Fitzgerald LP, wrote in a note with colleague Paolo Zanello. “Today we saw a late day selloff that, we believe, could have been caused by or certainly exacerbated by 0DTE SPX options. Certainly the market environment was ripe for it.”</p><p style=\"text-align: start;\">It was trades in put options, which give buyers the right but not the obligation to sell an underlying asset, around the 4,755-4,765 area that drew attention, they said. The S&amp;P gauge slid from as high as 4,778.01 intraday to close at 4,698.35. Its 1.5% drop from the previous close was the biggest since Sept. 26. Relative strength readings on the gauge had been hovering at levels typically seen before a decline. Wall Street’s fear gauge — the VIX — rose sharply from near multi-year lows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85a9fd3db50c99a40dbea49c2ecea694\" tg-width=\"828\" tg-height=\"929\"/></p><p>Amid an explosion in trading of zero-day contracts for every weekday this year, debate continues to rage on their broader impact. For institutional investors, “zero-day-to-expiry” options offer a way to hedge short-term risk and pursue strategies based on darting in and out of positions. For retail investors, they offer a way to make big bets with little money down that can pay off quickly — or not.</p><p>While the likes of JPMorgan Chase &amp; Co.’s Marko Kolanovic have warned that the popularity of the product risks reprising past shocks such as the 2018 Volmageddon episode, Cboe Global Markets says there’s scant evidence that the buying and selling of the derivatives is destabilizing the underlying market.</p><p>Options analysis firm SpotGamma said in a post on social media platform X that 0DTE options drove the decline in the US equity benchmark. Rocky Fishman, founder of derivatives analytical company Asym 500, pointed out that the daily 0DTE volume was the highest since early October — $900 billion — which was noteworthy given the lack of specific economic news during the day.</p><p style=\"text-align: start;\">“The elevated volumes could have contributed to the selloff if the extra activity was directional option-buying,” Fishman said.</p><p>What Bloomberg’s Strategists Say...</p><blockquote><p>“There was pretty good volume in 0DTE puts today, and when we went through the 4,755-4,750 level, there was a good volume of futures to sell. In an illiquid holiday market, it seems pretty clear that the appetite to absorb the flow was scant, and we were off to the races. At the very least it has reminded the street the playing in the stock market entails two-way risk, a fact that’s been all too easy to forget over the past seven weeks or so.”</p></blockquote></body></html>","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>What Killed the US Stock Rally?</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\">\nWhat Killed the US Stock Rally?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-21 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-12-21/fingers-point-at-vilified-zero-day-options-to-explain-stock-drop?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Put trades cited as catalyst for biggest slide in three monthsLight trading, overbought conditions may have exacerbated moveThis year’s hottest derivatives trade, and perhaps also its most divisive, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-12-21/fingers-point-at-vilified-zero-day-options-to-explain-stock-drop?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2023-12-21/fingers-point-at-vilified-zero-day-options-to-explain-stock-drop?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141146421","content_text":"Put trades cited as catalyst for biggest slide in three monthsLight trading, overbought conditions may have exacerbated moveThis year’s hottest derivatives trade, and perhaps also its most divisive, stole the limelight one final time for 2023 as market watchers cast zero-day options as the villains behind Wednesday’s rally-ending slump in US equities.With the S&P 500 Index in overbought territory and turnover curtailed by looming holidays, observers suggested hefty volumes in put options that expire within 24 hours, known as 0DTE options, were sufficient to drag the market to its biggest loss in almost three months. Such trades would oblige market makers on the other side of the transactions to hedge their exposure, pushing the market lower, the argument goes.“We have been wary of 0DTE options for quite some time,” Matthew Tym, the head of equity derivatives trading at Cantor Fitzgerald LP, wrote in a note with colleague Paolo Zanello. “Today we saw a late day selloff that, we believe, could have been caused by or certainly exacerbated by 0DTE SPX options. Certainly the market environment was ripe for it.”It was trades in put options, which give buyers the right but not the obligation to sell an underlying asset, around the 4,755-4,765 area that drew attention, they said. The S&P gauge slid from as high as 4,778.01 intraday to close at 4,698.35. Its 1.5% drop from the previous close was the biggest since Sept. 26. Relative strength readings on the gauge had been hovering at levels typically seen before a decline. Wall Street’s fear gauge — the VIX — rose sharply from near multi-year lows.Amid an explosion in trading of zero-day contracts for every weekday this year, debate continues to rage on their broader impact. For institutional investors, “zero-day-to-expiry” options offer a way to hedge short-term risk and pursue strategies based on darting in and out of positions. For retail investors, they offer a way to make big bets with little money down that can pay off quickly — or not.While the likes of JPMorgan Chase & Co.’s Marko Kolanovic have warned that the popularity of the product risks reprising past shocks such as the 2018 Volmageddon episode, Cboe Global Markets says there’s scant evidence that the buying and selling of the derivatives is destabilizing the underlying market.Options analysis firm SpotGamma said in a post on social media platform X that 0DTE options drove the decline in the US equity benchmark. Rocky Fishman, founder of derivatives analytical company Asym 500, pointed out that the daily 0DTE volume was the highest since early October — $900 billion — which was noteworthy given the lack of specific economic news during the day.“The elevated volumes could have contributed to the selloff if the extra activity was directional option-buying,” Fishman said.What Bloomberg’s Strategists Say...“There was pretty good volume in 0DTE puts today, and when we went through the 4,755-4,750 level, there was a good volume of futures to sell. In an illiquid holiday market, it seems pretty clear that the appetite to absorb the flow was scant, and we were off to the races. At the very least it has reminded the street the playing in the stock market entails two-way risk, a fact that’s been all too easy to forget over the past seven weeks or so.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":251086201954584,"gmtCreate":1702308676013,"gmtModify":1702308680069,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Baba is not competitive enough&nbsp;","listText":"Baba is not competitive enough&nbsp;","text":"Baba is not competitive enough","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251086201954584","repostId":"2389850906","repostType":2,"repost":{"id":"2389850906","pubTimestamp":1702283458,"share":"https://www.laohu8.com/m/news/2389850906?lang=&edition=full","pubTime":"2023-12-11 16:30","market":"us","language":"en","title":"China Has A New E-Commerce Top Dog As Global Gains Lift PDD Past Alibaba","url":"https://stock-news.laohu8.com/highlight/detail?id=2389850906","media":"Seekingalpha","summary":"PDD Holdings Inc. has surpassed Alibaba in terms of valuation, becoming the new top e-commerce player in China with a value of $186 billion.PDD's success is attributed to its focus on bargains and its","content":"<html><head></head><body><ul style=\"\"><li><p>PDD Holdings Inc. has surpassed Alibaba in terms of valuation, becoming the new top e-commerce player in China with a value of $186 billion.</p></li><li><p>PDD&#39;s success is attributed to its focus on bargains and its innovative group-buying model, particularly appealing to price-conscious consumers in smaller cities.</p></li><li><p>PDD&#39;s international expansion, driven by its success with Temu, its international business, has contributed to its rapid rise and investor optimism.</p></li></ul><p>After years of dominance by the duo of Alibaba (BABA) and JD.com (JD), China suddenly has a new top kid on its e-commerce block.</p><p><strong>PDD Holdings Inc. (NASDAQ: PDD) </strong>has emerged as the new favorite in that fiercely competitive landscape, after surpassing a slumping Alibaba in terms of valuation last week. As of Thursday’s market close, PDD was the leader with a value of $186 billion, just ahead of Alibaba’s $185 billion and well in front of JD.com’s $42 billion. The watershed moment capped years of stellar performance by PDD, better known in China as Pinduoduo.</p><p>The 8-year-old upstart’s passing of veteran Alibaba came after PDD reported turbo-charged <strong>third-quarter earnings</strong> that included a revenue surge of over 90%, and 45% profit growth.</p><p>PDD’s rapid rise owes to its laser focus on bargains and an innovative group-buying model that resonates with price-conscious consumers, especially in China’s less affluent smaller cities. While multiple factors underlie its success, PDD’s red-hot international expansion is the main driver behind its latest surge. That contrasts even more strongly with Alibaba’s more checkered record of achieving success outside China.</p><p>Before examining PDD’s overseas growth in more detail, we should note that Alibaba’s fall from grace owes in no small part to China’s crackdown on the entire internet sector – making PDD’s story even more remarkable. A 2020 speech by Alibaba founder Jack Ma criticizing Chinese regulators is generally seen as the starting point for a crackdown on the company, which later spread to other major internet players, for anti-competitive practices.</p><p>Alibaba has largely limped along since then, though it excited investors with its March announcement that it would break itself up into six component parts, a move many said was made in part to address anti-monopoly concerns. But even that drive ran into trouble last month when Alibaba said it no longer planned to spin off its cloud business due to changes in the market.</p><p>While Alibaba has foundered, PDD has done just the opposite, in no small part by avoiding controversy with its strong focus on its core e-commerce business. The company’s third-quarter revenue totaled 68.8 billion yuan ($9.7 billion), about a third of Alibaba’s 224.8 billion yuan. But while the Alibaba figure grew by a modest 9% year-on-year, Pinduoduo’s nearly doubled with a 94% rise.</p><p>PDD’s shares surged 17% in the trading day of the announcement, and have held onto the gains since then, propelling it past Alibaba in terms of market value. That jump has given PDD a price-to-sales (P/S) ratio of 7.48, significantly higher than Alibaba’s 1.45. In terms of price-to-earnings (P/E) ratio, PDD also commands a ratio of 32, triple the 10 for Alibaba, according to Yahoo Finance.</p><h4 id=\"id_2936380799\">International success</h4><p>The investor optimism that lifted PDD past Alibaba is likely tied to the success of Temu, its international business. Temu <strong>has expanded swiftly</strong> since its launch in September last year, garnering over 52 million monthly active users in the U.S. alone, according to mobile app performance tracker Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>. The service is now available in 48 countries worldwide.</p><p>While PDD did not provide specific financial details for Temu in its latest earnings report, Goldman Sachs estimated the service accounted for approximately 28% of the company’s revenue in its latest quarter. The international success contrasts with Alibaba, whose older foreign operations are still relatively small as a percentage of its overall business.</p><p>PDD’s overseas success uses a page taken directly from its domestic playbook targeting price-conscious customers. That focus resonates strongly in the current environment as global shoppers&#39; grapple with high prices and inflation. And, of course, everyone always loves a good bargain.</p><p>Temu offers shoppers extremely low prices for a variety of products, such as $4 for earphones and $15 for hoodies. Those goods are shipped from China, drawing on PDD’s extensive merchant network established over its brief lifetime. The company’s tight control over this network, which helps it cut prices to the bone, gives it an edge over Alibaba.</p><p>Alibaba operates more like a marketplace, providing support to its merchants but largely letting them run their own shops. By comparison, Pinduoduo has invested heavily in direct relationships with its suppliers, giving it more control over sourcing, pricing, and inventory.</p><p>Pinduoduo appears to be employing the same strategy abroad that fueled its early growth in China – aggressively using marketing and discounts to drive expansion, prioritizing top-line growth over short-term profits. PDD was loss-making for years before becoming profitable in 2021.</p><p>Temu’s aggressive marketing approach, which includes big spending in high-profile outlets like Super Bowl commercials, means it’s likely that PDD’s international business is still unprofitable and is dragging down the company’s overall margins. However, the company can afford to subsidize its international expansion with its strong and profitable business in China.</p><p>That doesn’t mean PDD won’t face some challenges in its international expansion. As its popularity grows in the U.S., it’s already attracting unwanted political scrutiny due to tensions between China and the U.S., especially over data security concerns. In April, a U.S. Congressional commission report <strong>outlined</strong> concerns over Chinese fast fashion platforms like Temu in areas like trade practices, labor, safety and IP protections.</p><p>PDD also faces intensifying competition in the fast fashion e-commerce space from the likes of Shein, its Chinese competitor that similarly focuses on ultra-low-cost products and gained early traction in the U.S. market.</p><p>The two companies previously sued each other over the past year on issues such as disparaging remarks and allegations of monopolistic practices. They settled their suits in October, but the disputes still illustrate the competitive pressures PDD faces as it seeks to expand outside its home market. Most recently, even Amazon (AMZN.US) appeared to be joining the fray by <strong>offering</strong> unusually low fee rates for its merchants selling clothing priced below $20 – a move that looks directly aimed at both Shein and Temu.</p><p>At the end of the day, PDD’s continued success will rely on growing its business internationally as its China growth slows. This gives it a clear lead over Alibaba, though by no means assures its success as PDD faces intensifying competition on the global stage from not only established companies in other markets but also Chinese rivals.</p></body></html>","source":"seekingalpha","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>China Has A New E-Commerce Top Dog As Global Gains Lift PDD Past Alibaba</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\">\nChina Has A New E-Commerce Top Dog As Global Gains Lift PDD Past Alibaba\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-11 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4656839-china-has-a-new-e-commerce-top-dog-as-global-gains-lift-pdd-past-alibaba><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PDD Holdings Inc. has surpassed Alibaba in terms of valuation, becoming the new top e-commerce player in China with a value of $186 billion.PDD's success is attributed to its focus on bargains and its...</p>\n\n<a href=\"https://seekingalpha.com/article/4656839-china-has-a-new-e-commerce-top-dog-as-global-gains-lift-pdd-past-alibaba\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4558":"双十一","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4220":"综合零售","BK4535":"淡马锡持仓","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","BK4538":"云计算","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU1688375341.USD":"贝莱德中国灵活股票基金","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","PDD":"拼多多","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0918141887.USD":"安联亚洲实际收益股票基金","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","BK4548":"巴美列捷福持仓","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","BK4565":"NFT概念","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","BK4554":"元宇宙及AR概念","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4553":"喜马拉雅资本持仓","BK4531":"中概回港概念","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE0008368742.USD":"首域中国增长基金I Acc","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://seekingalpha.com/article/4656839-china-has-a-new-e-commerce-top-dog-as-global-gains-lift-pdd-past-alibaba","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2389850906","content_text":"PDD Holdings Inc. has surpassed Alibaba in terms of valuation, becoming the new top e-commerce player in China with a value of $186 billion.PDD's success is attributed to its focus on bargains and its innovative group-buying model, particularly appealing to price-conscious consumers in smaller cities.PDD's international expansion, driven by its success with Temu, its international business, has contributed to its rapid rise and investor optimism.After years of dominance by the duo of Alibaba (BABA) and JD.com (JD), China suddenly has a new top kid on its e-commerce block.PDD Holdings Inc. (NASDAQ: PDD) has emerged as the new favorite in that fiercely competitive landscape, after surpassing a slumping Alibaba in terms of valuation last week. As of Thursday’s market close, PDD was the leader with a value of $186 billion, just ahead of Alibaba’s $185 billion and well in front of JD.com’s $42 billion. The watershed moment capped years of stellar performance by PDD, better known in China as Pinduoduo.The 8-year-old upstart’s passing of veteran Alibaba came after PDD reported turbo-charged third-quarter earnings that included a revenue surge of over 90%, and 45% profit growth.PDD’s rapid rise owes to its laser focus on bargains and an innovative group-buying model that resonates with price-conscious consumers, especially in China’s less affluent smaller cities. While multiple factors underlie its success, PDD’s red-hot international expansion is the main driver behind its latest surge. That contrasts even more strongly with Alibaba’s more checkered record of achieving success outside China.Before examining PDD’s overseas growth in more detail, we should note that Alibaba’s fall from grace owes in no small part to China’s crackdown on the entire internet sector – making PDD’s story even more remarkable. A 2020 speech by Alibaba founder Jack Ma criticizing Chinese regulators is generally seen as the starting point for a crackdown on the company, which later spread to other major internet players, for anti-competitive practices.Alibaba has largely limped along since then, though it excited investors with its March announcement that it would break itself up into six component parts, a move many said was made in part to address anti-monopoly concerns. But even that drive ran into trouble last month when Alibaba said it no longer planned to spin off its cloud business due to changes in the market.While Alibaba has foundered, PDD has done just the opposite, in no small part by avoiding controversy with its strong focus on its core e-commerce business. The company’s third-quarter revenue totaled 68.8 billion yuan ($9.7 billion), about a third of Alibaba’s 224.8 billion yuan. But while the Alibaba figure grew by a modest 9% year-on-year, Pinduoduo’s nearly doubled with a 94% rise.PDD’s shares surged 17% in the trading day of the announcement, and have held onto the gains since then, propelling it past Alibaba in terms of market value. That jump has given PDD a price-to-sales (P/S) ratio of 7.48, significantly higher than Alibaba’s 1.45. In terms of price-to-earnings (P/E) ratio, PDD also commands a ratio of 32, triple the 10 for Alibaba, according to Yahoo Finance.International successThe investor optimism that lifted PDD past Alibaba is likely tied to the success of Temu, its international business. Temu has expanded swiftly since its launch in September last year, garnering over 52 million monthly active users in the U.S. alone, according to mobile app performance tracker Sensor Tower. The service is now available in 48 countries worldwide.While PDD did not provide specific financial details for Temu in its latest earnings report, Goldman Sachs estimated the service accounted for approximately 28% of the company’s revenue in its latest quarter. The international success contrasts with Alibaba, whose older foreign operations are still relatively small as a percentage of its overall business.PDD’s overseas success uses a page taken directly from its domestic playbook targeting price-conscious customers. That focus resonates strongly in the current environment as global shoppers' grapple with high prices and inflation. And, of course, everyone always loves a good bargain.Temu offers shoppers extremely low prices for a variety of products, such as $4 for earphones and $15 for hoodies. Those goods are shipped from China, drawing on PDD’s extensive merchant network established over its brief lifetime. The company’s tight control over this network, which helps it cut prices to the bone, gives it an edge over Alibaba.Alibaba operates more like a marketplace, providing support to its merchants but largely letting them run their own shops. By comparison, Pinduoduo has invested heavily in direct relationships with its suppliers, giving it more control over sourcing, pricing, and inventory.Pinduoduo appears to be employing the same strategy abroad that fueled its early growth in China – aggressively using marketing and discounts to drive expansion, prioritizing top-line growth over short-term profits. PDD was loss-making for years before becoming profitable in 2021.Temu’s aggressive marketing approach, which includes big spending in high-profile outlets like Super Bowl commercials, means it’s likely that PDD’s international business is still unprofitable and is dragging down the company’s overall margins. However, the company can afford to subsidize its international expansion with its strong and profitable business in China.That doesn’t mean PDD won’t face some challenges in its international expansion. As its popularity grows in the U.S., it’s already attracting unwanted political scrutiny due to tensions between China and the U.S., especially over data security concerns. In April, a U.S. Congressional commission report outlined concerns over Chinese fast fashion platforms like Temu in areas like trade practices, labor, safety and IP protections.PDD also faces intensifying competition in the fast fashion e-commerce space from the likes of Shein, its Chinese competitor that similarly focuses on ultra-low-cost products and gained early traction in the U.S. market.The two companies previously sued each other over the past year on issues such as disparaging remarks and allegations of monopolistic practices. They settled their suits in October, but the disputes still illustrate the competitive pressures PDD faces as it seeks to expand outside its home market. Most recently, even Amazon (AMZN.US) appeared to be joining the fray by offering unusually low fee rates for its merchants selling clothing priced below $20 – a move that looks directly aimed at both Shein and Temu.At the end of the day, PDD’s continued success will rely on growing its business internationally as its China growth slows. This gives it a clear lead over Alibaba, though by no means assures its success as PDD faces intensifying competition on the global stage from not only established companies in other markets but also Chinese rivals.","news_type":1},"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237073476722728,"gmtCreate":1698914805086,"gmtModify":1698914809648,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"The sharks already set up their positions in China heavyweights","listText":"The sharks already set up their positions in China heavyweights","text":"The sharks already set up their positions in China heavyweights","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237073476722728","repostId":"2380069545","repostType":2,"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":234029153697992,"gmtCreate":1698144969929,"gmtModify":1698144972656,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a><v-v data-views=\"1\"></v-v>Alot of people feeling bearish and fearful. Time for me to be greedy now","listText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a><v-v data-views=\"1\"></v-v>Alot of people feeling bearish and fearful. Time for me to be greedy now","text":"$HSI(HSI)$ Alot of people feeling bearish and fearful. Time for me to be greedy now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234029153697992","isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":232190091579656,"gmtCreate":1697715448592,"gmtModify":1697715451186,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01302\">$LIFETECH SCI(01302)$&nbsp;</a>Aging population worldwide. Growing demand","listText":"<a href=\"https://ttm.financial/S/01302\">$LIFETECH SCI(01302)$&nbsp;</a>Aging population worldwide. Growing demand","text":"$LIFETECH SCI(01302)$ Aging population worldwide. Growing demand","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/232190091579656","isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":231866827546920,"gmtCreate":1697617171812,"gmtModify":1697617174502,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01618\">$MCC(01618)$&nbsp;</a>BRI new 100b funding from China. Bull","listText":"<a href=\"https://ttm.financial/S/01618\">$MCC(01618)$&nbsp;</a>BRI new 100b funding from China. Bull","text":"$MCC(01618)$ BRI new 100b funding from China. Bull","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/231866827546920","isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":231023327355120,"gmtCreate":1697444101570,"gmtModify":1697444106576,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"US politicians are running out of ideas to curb China's progress.&nbsp;","listText":"US politicians are running out of ideas to curb China's progress.&nbsp;","text":"US politicians are running out of ideas to curb China's progress.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/231023327355120","repostId":"1182382828","repostType":2,"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":231016655905032,"gmtCreate":1697442440119,"gmtModify":1697442442764,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/02318\">$PING AN(02318)$&nbsp;</a><v-v data-views=\"1\"></v-v>As the name implies, can sleep soundly with Ping An","listText":"<a href=\"https://ttm.financial/S/02318\">$PING AN(02318)$&nbsp;</a><v-v data-views=\"1\"></v-v>As the name implies, can sleep soundly with Ping An","text":"$PING AN(02318)$ As the name implies, can sleep soundly with Ping An","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/231016655905032","isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570273121072466","authorId":"3570273121072466","name":"Tuxn","avatar":"https://community-static.tradeup.com/news/963eaca2dfb6315915f9fdf5c24024fa","crmLevel":5,"crmLevelSwitch":1},"content":"https://www.businesstimes.com.sg/property/ping-real-estate-china-propertys-new-hot-potato","text":"https://www.businesstimes.com.sg/property/ping-real-estate-china-propertys-new-hot-potato","html":"https://www.businesstimes.com.sg/property/ping-real-estate-china-propertys-new-hot-potato"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":229882346766624,"gmtCreate":1697165516082,"gmtModify":1697166892462,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Shorts are in control now. Just hold your positions. Recovery of the Chinese markets is coming&nbsp;","listText":"Shorts are in control now. Just hold your positions. Recovery of the Chinese markets is coming&nbsp;","text":"Shorts are in control now. Just hold your positions. Recovery of the Chinese markets is coming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229882346766624","repostId":"2375956288","repostType":2,"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":219790799577288,"gmtCreate":1694679102822,"gmtModify":1694679107261,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"I like nothing abt India","listText":"I like nothing abt India","text":"I like nothing abt India","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/219790799577288","repostId":"1181981650","repostType":2,"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":218788400435304,"gmtCreate":1694440856043,"gmtModify":1694440858838,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"0\"></v-v>how can its share price still going up when Huawei is breaking new grounds with its latest phones and software. HongMeng OS and it's AI are very impressive","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"0\"></v-v>how can its share price still going up when Huawei is breaking new grounds with its latest phones and software. HongMeng OS and it's AI are very impressive","text":"$Apple(AAPL)$ how can its share price still going up when Huawei is breaking new grounds with its latest phones and software. HongMeng OS and it's AI are very impressive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/218788400435304","isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":217343837184032,"gmtCreate":1694086388193,"gmtModify":1694086393399,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Joe Biden will fly to China and ask for forgiveness","listText":"Joe Biden will fly to China and ask for forgiveness","text":"Joe Biden will fly to China and ask for forgiveness","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/217343837184032","repostId":"2365886993","repostType":2,"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":215927878127680,"gmtCreate":1693747603437,"gmtModify":1693747609132,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Instead of blaming others, we should continue to learn from our own mistakes and improve on our trading methodologies. Knowledge is our biggest asset, not dollars and cents","listText":"Instead of blaming others, we should continue to learn from our own mistakes and improve on our trading methodologies. Knowledge is our biggest asset, not dollars and cents","text":"Instead of blaming others, we should continue to learn from our own mistakes and improve on our trading methodologies. Knowledge is our biggest asset, not dollars and cents","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/215927878127680","isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":254691823218960,"gmtCreate":1703217276228,"gmtModify":1703217278748,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a><v-v data-views=\"0\"></v-v>Why the sudden sell off?","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a><v-v data-views=\"0\"></v-v>Why the sudden sell off?","text":"$TENCENT(00700)$ Why the sudden sell off?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/254691823218960","isVote":1,"tweetType":1,"viewCount":1269,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"content":"Yes, the news just came out. But the selling off happen earlier","text":"Yes, the news just came out. But the selling off happen earlier","html":"Yes, the news just came out. But the selling off happen earlier"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949667389,"gmtCreate":1678611928242,"gmtModify":1678611932416,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Get ready for the big storm ahead","listText":"Get ready for the big storm ahead","text":"Get ready for the big storm ahead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":27,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949667389","repostId":"2318857796","repostType":2,"repost":{"id":"2318857796","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1678601805,"share":"https://www.laohu8.com/m/news/2318857796?lang=&edition=full","pubTime":"2023-03-12 14:16","market":"us","language":"en","title":"20 Banks That Are Sitting on Huge Potential Securities Losses--As Was SVB","url":"https://stock-news.laohu8.com/highlight/detail?id=2318857796","media":"Dow Jones","summary":"SVB Financial Group faced a perfect storm, but there are plenty of other banks that would face big l","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SIVBO\">SVB Financial Group</a> faced a perfect storm, but there are plenty of other banks that would face big losses if they were forced to dump securities to raise cash</p><p>Silicon Valley Bank has failed following a run on deposits, after its parent company&#39;s share price crashed a record 60% on Thursday.</p><p>Trading of <a href=\"https://laohu8.com/S/SIVBP\">SVB Financial Group</a>&#39;s <a href=\"https://laohu8.com/S/SIVB\">$(SIVB)$</a> stock was halted early Friday, after the shares plunged again in premarket trading. Treasury Secretary Janet Yellen said SVB was one of a few banks she was &#34;monitoring very carefully.&#34; Reaction poured in from several analysts who discussed the bank&#39;s liquidity risk.</p><p>California regulators closed Silicon Valley Bank and handed the wreckage over to the Federal Deposit Insurance Administration later on Friday.</p><p>Below is the same list of 10 banks we highlighted on Thursday that showed similar red flags to those shown by SVB Financial through the fourth quarter. This time, we will show how much they reported in unrealized losses on securities -- an item that played an important role in SVB&#39;s crisis.</p><p>Below that is a screen of U.S. banks with at least $10 billion in total assets, showing those that appeared to have the greatest exposure to unrealized securities losses, as a percentage of total capital, as of Dec. 31.</p><h3>First, a quick look at SVB</h3><p>Some media reports have referred to SVB of Santa Clara, Calif., as a small bank, but it had $212 billion in total assets as of Dec. 31, making it the 17th largest bank in the Russell 3000 Index  as of Dec. 31. That makes it the largest U.S. bank failure since Washington Mutual in 2008.</p><p>One unique aspect of SVB was its decades-long focus on the venture capital industry. The bank&#39;s loan growth had been slowing as interest rates rose. Meanwhile, when announcing its $21 billion dollars in securities sales on Thursday, SVB said it had taken the action not only to lower its interest-rate risk, but because &#34;client cash burn has remained elevated and increased further in February, resulting in lower deposits than forecasted.&#34;</p><p>SVB estimated it would book a $1.8 billion loss on the securities sale and said it would raise $2.25 billion in capital through two offerings of new shares and a convertible bond offering. That offering wasn&#39;t completed.</p><p>So this appears to be an example of what can go wrong with a bank focused on a particular industry. The combination of a balance sheet heavy with securities and relatively light on loans, in a rising-rate environment in which bond prices have declined and in which depositors specific to that industry are themselves suffering from a decline in cash, led to a liquidity problem.</p><h3>Unrealized losses on securities</h3><p>Banks leverage their capital by gathering deposits or borrowing money either to lend the money out or purchase securities. They earn the spread between their average yield on loans and investments and their average cost for funds.</p><p>The securities investments are held in two buckets:</p><p>In its regulatory Consolidated Financial Statements for Holding Companies--FR Y-9C, filed with the Federal Reserve, SVB Financial, reported a negative $1.911 billion in accumulated other comprehensive income as of Dec. 31. That is line 26.b on Schedule HC of the report, for those keeping score at home. You can look up regulatory reports for any U.S. bank holding company, savings and loan holding company or subsidiary institution at the Federal Financial Institution Examination Council&#39;s National Information Center. Be sure to get the name of the company or institution right -- or you may be looking at the wrong entity.</p><p>Here&#39;s how accumulated other comprehensive income (AOCI) is defined in the report: &#34;Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and accumulated defined benefit pension and other postretirement plan adjustments.&#34;</p><p>In other words, it was mostly unrealized losses on SVB&#39;s available-for-sale securities. The bank booked an estimated $1.8 billion loss when selling &#34;substantially all&#34; of these securities on March 8.</p><p>The list of 10 banks with unfavorable interest margin trends</p><p>On the regulatory call reports, AOCI is added to regulatory capital. Since SVB&#39;s AOCI was negative (because of its unrealized losses on AFS securities) as of Dec. 31, it lowered the company&#39;s total equity capital. So a fair way to gauge the negative AOCI to the bank&#39;s total equity capital would be to divide the negative AOCI by total equity capital less AOCI -- effectively adding the unrealized losses back to total equity capital for the calculation.</p><p>Getting back to our list of 10 banks that raised similar red margin flags to those of SVB, here&#39;s the same group, in the same order, showing negative AOCI as a percentage of total equity capital as of Dec. 31. We have added SVB to the bottom of the list. The data was provided by FactSet:</p><p><img src=\"https://static.tigerbbs.com/12eb7c2420e69b60c526a6b6ef79626d\" tg-width=\"887\" tg-height=\"715\" width=\"100%\" height=\"auto\"/></p><p>Ally Financial Inc. (ALLY) -- the third largest bank on the list by Dec. 31 total assets -- stands out as having the largest percentage of negative accumulated comprehensive income relative to total equity capital as of Dec. 31.</p><p>To be sure, these numbers don&#39;t mean that a bank is in trouble, or that it will be forced to sell securities for big losses. But SVB had both a troubling pattern for its interest margins and what appeared to be a relatively high percentage of securities losses relative to capital as of Dec. 31.</p><h3>Banks with the highest percentage of negative AOCI to capital</h3><p>There are 108 banks in the Russell 3000 Index  that had total assets of at least $10.0 billion as of Dec. 31. FactSet provided AOCI and total equity capital data for 105 of them. Here are the 20 which had the highest ratios of negative AOCI to total equity capital less AOCI (as explained above) as of Dec. 31:</p><p><img src=\"https://static.tigerbbs.com/8c786a5e88cfaa8510ac5458b4a31b86\" tg-width=\"884\" tg-height=\"618\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/6bbd38b51d92ae37f23e7fbff46e9c08\" tg-width=\"879\" tg-height=\"668\" width=\"100%\" height=\"auto\"/>Again, this is not to suggest that any particular bank on this list based on Dec. 31 data is facing the type of perfect storm that has hurt SVB Financial. A bank sitting on large paper losses on its AFS securities may not need to sell them. In fact <a href=\"https://laohu8.com/S/CMA\">Comerica Inc.</a>, which tops the list, also improved its interest margin the most over the past four quarters, as shown here.</p><p>But it is interesting to note that <a href=\"https://laohu8.com/S/SI\">Silvergate Capital Corp.</a>, which focused on serving clients in the virtual currency industry, made the list. It is shuttering its bank subsidiary voluntarily.</p><p>Another bank on the list facing concern among depositors is <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a> of New York, which has a diverse business model, but has also faced a backlash related to the services it provides to the virtual currency industry. The bank’s shares fell 12% on Thursday and were down another 24% in afternoon trading on Friday.</p><p>Signature Bank said in a statement that it was in a “strong, well-diversified financial position.”</p></body></html>","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>20 Banks That Are Sitting on Huge Potential Securities Losses--As Was SVB</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\">\n20 Banks That Are Sitting on Huge Potential Securities Losses--As Was SVB\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-12 14:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/SIVBO\">SVB Financial Group</a> faced a perfect storm, but there are plenty of other banks that would face big losses if they were forced to dump securities to raise cash</p><p>Silicon Valley Bank has failed following a run on deposits, after its parent company&#39;s share price crashed a record 60% on Thursday.</p><p>Trading of <a href=\"https://laohu8.com/S/SIVBP\">SVB Financial Group</a>&#39;s <a href=\"https://laohu8.com/S/SIVB\">$(SIVB)$</a> stock was halted early Friday, after the shares plunged again in premarket trading. Treasury Secretary Janet Yellen said SVB was one of a few banks she was &#34;monitoring very carefully.&#34; Reaction poured in from several analysts who discussed the bank&#39;s liquidity risk.</p><p>California regulators closed Silicon Valley Bank and handed the wreckage over to the Federal Deposit Insurance Administration later on Friday.</p><p>Below is the same list of 10 banks we highlighted on Thursday that showed similar red flags to those shown by SVB Financial through the fourth quarter. This time, we will show how much they reported in unrealized losses on securities -- an item that played an important role in SVB&#39;s crisis.</p><p>Below that is a screen of U.S. banks with at least $10 billion in total assets, showing those that appeared to have the greatest exposure to unrealized securities losses, as a percentage of total capital, as of Dec. 31.</p><h3>First, a quick look at SVB</h3><p>Some media reports have referred to SVB of Santa Clara, Calif., as a small bank, but it had $212 billion in total assets as of Dec. 31, making it the 17th largest bank in the Russell 3000 Index  as of Dec. 31. That makes it the largest U.S. bank failure since Washington Mutual in 2008.</p><p>One unique aspect of SVB was its decades-long focus on the venture capital industry. The bank&#39;s loan growth had been slowing as interest rates rose. Meanwhile, when announcing its $21 billion dollars in securities sales on Thursday, SVB said it had taken the action not only to lower its interest-rate risk, but because &#34;client cash burn has remained elevated and increased further in February, resulting in lower deposits than forecasted.&#34;</p><p>SVB estimated it would book a $1.8 billion loss on the securities sale and said it would raise $2.25 billion in capital through two offerings of new shares and a convertible bond offering. That offering wasn&#39;t completed.</p><p>So this appears to be an example of what can go wrong with a bank focused on a particular industry. The combination of a balance sheet heavy with securities and relatively light on loans, in a rising-rate environment in which bond prices have declined and in which depositors specific to that industry are themselves suffering from a decline in cash, led to a liquidity problem.</p><h3>Unrealized losses on securities</h3><p>Banks leverage their capital by gathering deposits or borrowing money either to lend the money out or purchase securities. They earn the spread between their average yield on loans and investments and their average cost for funds.</p><p>The securities investments are held in two buckets:</p><p>In its regulatory Consolidated Financial Statements for Holding Companies--FR Y-9C, filed with the Federal Reserve, SVB Financial, reported a negative $1.911 billion in accumulated other comprehensive income as of Dec. 31. That is line 26.b on Schedule HC of the report, for those keeping score at home. You can look up regulatory reports for any U.S. bank holding company, savings and loan holding company or subsidiary institution at the Federal Financial Institution Examination Council&#39;s National Information Center. Be sure to get the name of the company or institution right -- or you may be looking at the wrong entity.</p><p>Here&#39;s how accumulated other comprehensive income (AOCI) is defined in the report: &#34;Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and accumulated defined benefit pension and other postretirement plan adjustments.&#34;</p><p>In other words, it was mostly unrealized losses on SVB&#39;s available-for-sale securities. The bank booked an estimated $1.8 billion loss when selling &#34;substantially all&#34; of these securities on March 8.</p><p>The list of 10 banks with unfavorable interest margin trends</p><p>On the regulatory call reports, AOCI is added to regulatory capital. Since SVB&#39;s AOCI was negative (because of its unrealized losses on AFS securities) as of Dec. 31, it lowered the company&#39;s total equity capital. So a fair way to gauge the negative AOCI to the bank&#39;s total equity capital would be to divide the negative AOCI by total equity capital less AOCI -- effectively adding the unrealized losses back to total equity capital for the calculation.</p><p>Getting back to our list of 10 banks that raised similar red margin flags to those of SVB, here&#39;s the same group, in the same order, showing negative AOCI as a percentage of total equity capital as of Dec. 31. We have added SVB to the bottom of the list. The data was provided by FactSet:</p><p><img src=\"https://static.tigerbbs.com/12eb7c2420e69b60c526a6b6ef79626d\" tg-width=\"887\" tg-height=\"715\" width=\"100%\" height=\"auto\"/></p><p>Ally Financial Inc. (ALLY) -- the third largest bank on the list by Dec. 31 total assets -- stands out as having the largest percentage of negative accumulated comprehensive income relative to total equity capital as of Dec. 31.</p><p>To be sure, these numbers don&#39;t mean that a bank is in trouble, or that it will be forced to sell securities for big losses. But SVB had both a troubling pattern for its interest margins and what appeared to be a relatively high percentage of securities losses relative to capital as of Dec. 31.</p><h3>Banks with the highest percentage of negative AOCI to capital</h3><p>There are 108 banks in the Russell 3000 Index  that had total assets of at least $10.0 billion as of Dec. 31. FactSet provided AOCI and total equity capital data for 105 of them. Here are the 20 which had the highest ratios of negative AOCI to total equity capital less AOCI (as explained above) as of Dec. 31:</p><p><img src=\"https://static.tigerbbs.com/8c786a5e88cfaa8510ac5458b4a31b86\" tg-width=\"884\" tg-height=\"618\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/6bbd38b51d92ae37f23e7fbff46e9c08\" tg-width=\"879\" tg-height=\"668\" width=\"100%\" height=\"auto\"/>Again, this is not to suggest that any particular bank on this list based on Dec. 31 data is facing the type of perfect storm that has hurt SVB Financial. A bank sitting on large paper losses on its AFS securities may not need to sell them. In fact <a href=\"https://laohu8.com/S/CMA\">Comerica Inc.</a>, which tops the list, also improved its interest margin the most over the past four quarters, as shown here.</p><p>But it is interesting to note that <a href=\"https://laohu8.com/S/SI\">Silvergate Capital Corp.</a>, which focused on serving clients in the virtual currency industry, made the list. It is shuttering its bank subsidiary voluntarily.</p><p>Another bank on the list facing concern among depositors is <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a> of New York, which has a diverse business model, but has also faced a backlash related to the services it provides to the virtual currency industry. The bank’s shares fell 12% on Thursday and were down another 24% in afternoon trading on Friday.</p><p>Signature Bank said in a statement that it was in a “strong, well-diversified financial position.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4539":"次新股","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","ALLY":"Ally Financial Inc.","BOLT":"Bolt Biotherapeutics, Inc.","BK4191":"家用电器","BK4585":"ETF&股票定投概念","KEY":"KeyCorp","BK4139":"生物科技","BK4007":"制药","CRCT":"Cricut, Inc.","LU1861217088.USD":"贝莱德金融科技A2","BK4211":"区域性银行","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","SBNY":"签字银行","TERN":"Terns Pharmaceuticals, Inc.","BK4166":"消费信贷","BK4588":"碎股","BK4561":"索罗斯持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318857796","content_text":"SVB Financial Group faced a perfect storm, but there are plenty of other banks that would face big losses if they were forced to dump securities to raise cashSilicon Valley Bank has failed following a run on deposits, after its parent company's share price crashed a record 60% on Thursday.Trading of SVB Financial Group's $(SIVB)$ stock was halted early Friday, after the shares plunged again in premarket trading. Treasury Secretary Janet Yellen said SVB was one of a few banks she was \"monitoring very carefully.\" Reaction poured in from several analysts who discussed the bank's liquidity risk.California regulators closed Silicon Valley Bank and handed the wreckage over to the Federal Deposit Insurance Administration later on Friday.Below is the same list of 10 banks we highlighted on Thursday that showed similar red flags to those shown by SVB Financial through the fourth quarter. This time, we will show how much they reported in unrealized losses on securities -- an item that played an important role in SVB's crisis.Below that is a screen of U.S. banks with at least $10 billion in total assets, showing those that appeared to have the greatest exposure to unrealized securities losses, as a percentage of total capital, as of Dec. 31.First, a quick look at SVBSome media reports have referred to SVB of Santa Clara, Calif., as a small bank, but it had $212 billion in total assets as of Dec. 31, making it the 17th largest bank in the Russell 3000 Index  as of Dec. 31. That makes it the largest U.S. bank failure since Washington Mutual in 2008.One unique aspect of SVB was its decades-long focus on the venture capital industry. The bank's loan growth had been slowing as interest rates rose. Meanwhile, when announcing its $21 billion dollars in securities sales on Thursday, SVB said it had taken the action not only to lower its interest-rate risk, but because \"client cash burn has remained elevated and increased further in February, resulting in lower deposits than forecasted.\"SVB estimated it would book a $1.8 billion loss on the securities sale and said it would raise $2.25 billion in capital through two offerings of new shares and a convertible bond offering. That offering wasn't completed.So this appears to be an example of what can go wrong with a bank focused on a particular industry. The combination of a balance sheet heavy with securities and relatively light on loans, in a rising-rate environment in which bond prices have declined and in which depositors specific to that industry are themselves suffering from a decline in cash, led to a liquidity problem.Unrealized losses on securitiesBanks leverage their capital by gathering deposits or borrowing money either to lend the money out or purchase securities. They earn the spread between their average yield on loans and investments and their average cost for funds.The securities investments are held in two buckets:In its regulatory Consolidated Financial Statements for Holding Companies--FR Y-9C, filed with the Federal Reserve, SVB Financial, reported a negative $1.911 billion in accumulated other comprehensive income as of Dec. 31. That is line 26.b on Schedule HC of the report, for those keeping score at home. You can look up regulatory reports for any U.S. bank holding company, savings and loan holding company or subsidiary institution at the Federal Financial Institution Examination Council's National Information Center. Be sure to get the name of the company or institution right -- or you may be looking at the wrong entity.Here's how accumulated other comprehensive income (AOCI) is defined in the report: \"Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and accumulated defined benefit pension and other postretirement plan adjustments.\"In other words, it was mostly unrealized losses on SVB's available-for-sale securities. The bank booked an estimated $1.8 billion loss when selling \"substantially all\" of these securities on March 8.The list of 10 banks with unfavorable interest margin trendsOn the regulatory call reports, AOCI is added to regulatory capital. Since SVB's AOCI was negative (because of its unrealized losses on AFS securities) as of Dec. 31, it lowered the company's total equity capital. So a fair way to gauge the negative AOCI to the bank's total equity capital would be to divide the negative AOCI by total equity capital less AOCI -- effectively adding the unrealized losses back to total equity capital for the calculation.Getting back to our list of 10 banks that raised similar red margin flags to those of SVB, here's the same group, in the same order, showing negative AOCI as a percentage of total equity capital as of Dec. 31. We have added SVB to the bottom of the list. The data was provided by FactSet:Ally Financial Inc. (ALLY) -- the third largest bank on the list by Dec. 31 total assets -- stands out as having the largest percentage of negative accumulated comprehensive income relative to total equity capital as of Dec. 31.To be sure, these numbers don't mean that a bank is in trouble, or that it will be forced to sell securities for big losses. But SVB had both a troubling pattern for its interest margins and what appeared to be a relatively high percentage of securities losses relative to capital as of Dec. 31.Banks with the highest percentage of negative AOCI to capitalThere are 108 banks in the Russell 3000 Index  that had total assets of at least $10.0 billion as of Dec. 31. FactSet provided AOCI and total equity capital data for 105 of them. Here are the 20 which had the highest ratios of negative AOCI to total equity capital less AOCI (as explained above) as of Dec. 31:Again, this is not to suggest that any particular bank on this list based on Dec. 31 data is facing the type of perfect storm that has hurt SVB Financial. A bank sitting on large paper losses on its AFS securities may not need to sell them. In fact Comerica Inc., which tops the list, also improved its interest margin the most over the past four quarters, as shown here.But it is interesting to note that Silvergate Capital Corp., which focused on serving clients in the virtual currency industry, made the list. It is shuttering its bank subsidiary voluntarily.Another bank on the list facing concern among depositors is Signature Bank of New York, which has a diverse business model, but has also faced a backlash related to the services it provides to the virtual currency industry. The bank’s shares fell 12% on Thursday and were down another 24% in afternoon trading on Friday.Signature Bank said in a statement that it was in a “strong, well-diversified financial position.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837651346,"gmtCreate":1629886106385,"gmtModify":1676530162369,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/02377\">$BOQI ENV(02377)$</a>Will study this company carefully","listText":"<a href=\"https://laohu8.com/S/02377\">$BOQI ENV(02377)$</a>Will study this company carefully","text":"$BOQI ENV(02377)$Will study this company carefully","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":6,"repostSize":2,"link":"https://ttm.financial/post/837651346","isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4089524325627800","authorId":"4089524325627800","name":"ewangteoh","avatar":"https://static.tigerbbs.com/cf1a4685095869993dc85e75987db1c0","crmLevel":3,"crmLevelSwitch":1},"content":"Harvested [Great]","text":"Harvested [Great]","html":"Harvested [Great]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254369085436200,"gmtCreate":1703138484550,"gmtModify":1703138489155,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"It's not even a rally.... trying to push up all the way to maximise that little bit more of profits.funds will flowing out from US soon","listText":"It's not even a rally.... trying to push up all the way to maximise that little bit more of profits.funds will flowing out from US soon","text":"It's not even a rally.... trying to push up all the way to maximise that little bit more of profits.funds will flowing out from US soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254369085436200","repostId":"1141146421","repostType":2,"repost":{"id":"1141146421","pubTimestamp":1703138400,"share":"https://www.laohu8.com/m/news/1141146421?lang=&edition=full","pubTime":"2023-12-21 14:00","market":"us","language":"en","title":"What Killed the US Stock Rally?","url":"https://stock-news.laohu8.com/highlight/detail?id=1141146421","media":"Bloomberg","summary":"Put trades cited as catalyst for biggest slide in three monthsLight trading, overbought conditions may have exacerbated moveThis year’s hottest derivatives trade, and perhaps also its most divisive, s","content":"<html><head></head><body><ul style=\"\"><li><p>Put trades cited as catalyst for biggest slide in three months</p></li><li><p>Light trading, overbought conditions may have exacerbated move</p></li></ul><p>This year’s hottest derivatives trade, and perhaps also its most divisive, stole the limelight one final time for 2023 as market watchers cast zero-day options as the villains behind Wednesday’s rally-ending slump in US equities.</p><p style=\"text-align: start;\">With the S&amp;P 500 Index in overbought territory and turnover curtailed by looming holidays, observers suggested hefty volumes in put options that expire within 24 hours, known as 0DTE options, were sufficient to drag the market to its biggest loss in almost three months. Such trades would oblige market makers on the other side of the transactions to hedge their exposure, pushing the market lower, the argument goes.</p><p>“We have been wary of 0DTE options for quite some time,” Matthew Tym, the head of equity derivatives trading at Cantor Fitzgerald LP, wrote in a note with colleague Paolo Zanello. “Today we saw a late day selloff that, we believe, could have been caused by or certainly exacerbated by 0DTE SPX options. Certainly the market environment was ripe for it.”</p><p style=\"text-align: start;\">It was trades in put options, which give buyers the right but not the obligation to sell an underlying asset, around the 4,755-4,765 area that drew attention, they said. The S&amp;P gauge slid from as high as 4,778.01 intraday to close at 4,698.35. Its 1.5% drop from the previous close was the biggest since Sept. 26. Relative strength readings on the gauge had been hovering at levels typically seen before a decline. Wall Street’s fear gauge — the VIX — rose sharply from near multi-year lows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/85a9fd3db50c99a40dbea49c2ecea694\" tg-width=\"828\" tg-height=\"929\"/></p><p>Amid an explosion in trading of zero-day contracts for every weekday this year, debate continues to rage on their broader impact. For institutional investors, “zero-day-to-expiry” options offer a way to hedge short-term risk and pursue strategies based on darting in and out of positions. For retail investors, they offer a way to make big bets with little money down that can pay off quickly — or not.</p><p>While the likes of JPMorgan Chase &amp; Co.’s Marko Kolanovic have warned that the popularity of the product risks reprising past shocks such as the 2018 Volmageddon episode, Cboe Global Markets says there’s scant evidence that the buying and selling of the derivatives is destabilizing the underlying market.</p><p>Options analysis firm SpotGamma said in a post on social media platform X that 0DTE options drove the decline in the US equity benchmark. Rocky Fishman, founder of derivatives analytical company Asym 500, pointed out that the daily 0DTE volume was the highest since early October — $900 billion — which was noteworthy given the lack of specific economic news during the day.</p><p style=\"text-align: start;\">“The elevated volumes could have contributed to the selloff if the extra activity was directional option-buying,” Fishman said.</p><p>What Bloomberg’s Strategists Say...</p><blockquote><p>“There was pretty good volume in 0DTE puts today, and when we went through the 4,755-4,750 level, there was a good volume of futures to sell. In an illiquid holiday market, it seems pretty clear that the appetite to absorb the flow was scant, and we were off to the races. At the very least it has reminded the street the playing in the stock market entails two-way risk, a fact that’s been all too easy to forget over the past seven weeks or so.”</p></blockquote></body></html>","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>What Killed the US Stock Rally?</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\">\nWhat Killed the US Stock Rally?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-21 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-12-21/fingers-point-at-vilified-zero-day-options-to-explain-stock-drop?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Put trades cited as catalyst for biggest slide in three monthsLight trading, overbought conditions may have exacerbated moveThis year’s hottest derivatives trade, and perhaps also its most divisive, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-12-21/fingers-point-at-vilified-zero-day-options-to-explain-stock-drop?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2023-12-21/fingers-point-at-vilified-zero-day-options-to-explain-stock-drop?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141146421","content_text":"Put trades cited as catalyst for biggest slide in three monthsLight trading, overbought conditions may have exacerbated moveThis year’s hottest derivatives trade, and perhaps also its most divisive, stole the limelight one final time for 2023 as market watchers cast zero-day options as the villains behind Wednesday’s rally-ending slump in US equities.With the S&P 500 Index in overbought territory and turnover curtailed by looming holidays, observers suggested hefty volumes in put options that expire within 24 hours, known as 0DTE options, were sufficient to drag the market to its biggest loss in almost three months. Such trades would oblige market makers on the other side of the transactions to hedge their exposure, pushing the market lower, the argument goes.“We have been wary of 0DTE options for quite some time,” Matthew Tym, the head of equity derivatives trading at Cantor Fitzgerald LP, wrote in a note with colleague Paolo Zanello. “Today we saw a late day selloff that, we believe, could have been caused by or certainly exacerbated by 0DTE SPX options. Certainly the market environment was ripe for it.”It was trades in put options, which give buyers the right but not the obligation to sell an underlying asset, around the 4,755-4,765 area that drew attention, they said. The S&P gauge slid from as high as 4,778.01 intraday to close at 4,698.35. Its 1.5% drop from the previous close was the biggest since Sept. 26. Relative strength readings on the gauge had been hovering at levels typically seen before a decline. Wall Street’s fear gauge — the VIX — rose sharply from near multi-year lows.Amid an explosion in trading of zero-day contracts for every weekday this year, debate continues to rage on their broader impact. For institutional investors, “zero-day-to-expiry” options offer a way to hedge short-term risk and pursue strategies based on darting in and out of positions. For retail investors, they offer a way to make big bets with little money down that can pay off quickly — or not.While the likes of JPMorgan Chase & Co.’s Marko Kolanovic have warned that the popularity of the product risks reprising past shocks such as the 2018 Volmageddon episode, Cboe Global Markets says there’s scant evidence that the buying and selling of the derivatives is destabilizing the underlying market.Options analysis firm SpotGamma said in a post on social media platform X that 0DTE options drove the decline in the US equity benchmark. Rocky Fishman, founder of derivatives analytical company Asym 500, pointed out that the daily 0DTE volume was the highest since early October — $900 billion — which was noteworthy given the lack of specific economic news during the day.“The elevated volumes could have contributed to the selloff if the extra activity was directional option-buying,” Fishman said.What Bloomberg’s Strategists Say...“There was pretty good volume in 0DTE puts today, and when we went through the 4,755-4,750 level, there was a good volume of futures to sell. In an illiquid holiday market, it seems pretty clear that the appetite to absorb the flow was scant, and we were off to the races. At the very least it has reminded the street the playing in the stock market entails two-way risk, a fact that’s been all too easy to forget over the past seven weeks or so.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237073476722728,"gmtCreate":1698914805086,"gmtModify":1698914809648,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"The sharks already set up their positions in China heavyweights","listText":"The sharks already set up their positions in China heavyweights","text":"The sharks already set up their positions in China heavyweights","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237073476722728","repostId":"2380069545","repostType":2,"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278537639498008,"gmtCreate":1709029990612,"gmtModify":1709029993310,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09888\">$BIDU-SW(09888)$&nbsp;</a><v-v data-views=\"1\"></v-v> Way to go","listText":"<a href=\"https://ttm.financial/S/09888\">$BIDU-SW(09888)$&nbsp;</a><v-v data-views=\"1\"></v-v> Way to go","text":"$BIDU-SW(09888)$ Way to go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278537639498008","isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":256596790456416,"gmtCreate":1703679596649,"gmtModify":1703679600887,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a><v-v data-views=\"1\"></v-v>those who short Tencent will suffer big losses","listText":"<a href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$&nbsp;</a><v-v data-views=\"1\"></v-v>those who short Tencent will suffer big losses","text":"$TENCENT(00700)$ those who short Tencent will suffer big losses","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/256596790456416","isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":251086201954584,"gmtCreate":1702308676013,"gmtModify":1702308680069,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Baba is not competitive enough&nbsp;","listText":"Baba is not competitive enough&nbsp;","text":"Baba is not competitive enough","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251086201954584","repostId":"2389850906","repostType":2,"repost":{"id":"2389850906","pubTimestamp":1702283458,"share":"https://www.laohu8.com/m/news/2389850906?lang=&edition=full","pubTime":"2023-12-11 16:30","market":"us","language":"en","title":"China Has A New E-Commerce Top Dog As Global Gains Lift PDD Past Alibaba","url":"https://stock-news.laohu8.com/highlight/detail?id=2389850906","media":"Seekingalpha","summary":"PDD Holdings Inc. has surpassed Alibaba in terms of valuation, becoming the new top e-commerce player in China with a value of $186 billion.PDD's success is attributed to its focus on bargains and its","content":"<html><head></head><body><ul style=\"\"><li><p>PDD Holdings Inc. has surpassed Alibaba in terms of valuation, becoming the new top e-commerce player in China with a value of $186 billion.</p></li><li><p>PDD&#39;s success is attributed to its focus on bargains and its innovative group-buying model, particularly appealing to price-conscious consumers in smaller cities.</p></li><li><p>PDD&#39;s international expansion, driven by its success with Temu, its international business, has contributed to its rapid rise and investor optimism.</p></li></ul><p>After years of dominance by the duo of Alibaba (BABA) and JD.com (JD), China suddenly has a new top kid on its e-commerce block.</p><p><strong>PDD Holdings Inc. (NASDAQ: PDD) </strong>has emerged as the new favorite in that fiercely competitive landscape, after surpassing a slumping Alibaba in terms of valuation last week. As of Thursday’s market close, PDD was the leader with a value of $186 billion, just ahead of Alibaba’s $185 billion and well in front of JD.com’s $42 billion. The watershed moment capped years of stellar performance by PDD, better known in China as Pinduoduo.</p><p>The 8-year-old upstart’s passing of veteran Alibaba came after PDD reported turbo-charged <strong>third-quarter earnings</strong> that included a revenue surge of over 90%, and 45% profit growth.</p><p>PDD’s rapid rise owes to its laser focus on bargains and an innovative group-buying model that resonates with price-conscious consumers, especially in China’s less affluent smaller cities. While multiple factors underlie its success, PDD’s red-hot international expansion is the main driver behind its latest surge. That contrasts even more strongly with Alibaba’s more checkered record of achieving success outside China.</p><p>Before examining PDD’s overseas growth in more detail, we should note that Alibaba’s fall from grace owes in no small part to China’s crackdown on the entire internet sector – making PDD’s story even more remarkable. A 2020 speech by Alibaba founder Jack Ma criticizing Chinese regulators is generally seen as the starting point for a crackdown on the company, which later spread to other major internet players, for anti-competitive practices.</p><p>Alibaba has largely limped along since then, though it excited investors with its March announcement that it would break itself up into six component parts, a move many said was made in part to address anti-monopoly concerns. But even that drive ran into trouble last month when Alibaba said it no longer planned to spin off its cloud business due to changes in the market.</p><p>While Alibaba has foundered, PDD has done just the opposite, in no small part by avoiding controversy with its strong focus on its core e-commerce business. The company’s third-quarter revenue totaled 68.8 billion yuan ($9.7 billion), about a third of Alibaba’s 224.8 billion yuan. But while the Alibaba figure grew by a modest 9% year-on-year, Pinduoduo’s nearly doubled with a 94% rise.</p><p>PDD’s shares surged 17% in the trading day of the announcement, and have held onto the gains since then, propelling it past Alibaba in terms of market value. That jump has given PDD a price-to-sales (P/S) ratio of 7.48, significantly higher than Alibaba’s 1.45. In terms of price-to-earnings (P/E) ratio, PDD also commands a ratio of 32, triple the 10 for Alibaba, according to Yahoo Finance.</p><h4 id=\"id_2936380799\">International success</h4><p>The investor optimism that lifted PDD past Alibaba is likely tied to the success of Temu, its international business. Temu <strong>has expanded swiftly</strong> since its launch in September last year, garnering over 52 million monthly active users in the U.S. alone, according to mobile app performance tracker Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>. The service is now available in 48 countries worldwide.</p><p>While PDD did not provide specific financial details for Temu in its latest earnings report, Goldman Sachs estimated the service accounted for approximately 28% of the company’s revenue in its latest quarter. The international success contrasts with Alibaba, whose older foreign operations are still relatively small as a percentage of its overall business.</p><p>PDD’s overseas success uses a page taken directly from its domestic playbook targeting price-conscious customers. That focus resonates strongly in the current environment as global shoppers&#39; grapple with high prices and inflation. And, of course, everyone always loves a good bargain.</p><p>Temu offers shoppers extremely low prices for a variety of products, such as $4 for earphones and $15 for hoodies. Those goods are shipped from China, drawing on PDD’s extensive merchant network established over its brief lifetime. The company’s tight control over this network, which helps it cut prices to the bone, gives it an edge over Alibaba.</p><p>Alibaba operates more like a marketplace, providing support to its merchants but largely letting them run their own shops. By comparison, Pinduoduo has invested heavily in direct relationships with its suppliers, giving it more control over sourcing, pricing, and inventory.</p><p>Pinduoduo appears to be employing the same strategy abroad that fueled its early growth in China – aggressively using marketing and discounts to drive expansion, prioritizing top-line growth over short-term profits. PDD was loss-making for years before becoming profitable in 2021.</p><p>Temu’s aggressive marketing approach, which includes big spending in high-profile outlets like Super Bowl commercials, means it’s likely that PDD’s international business is still unprofitable and is dragging down the company’s overall margins. However, the company can afford to subsidize its international expansion with its strong and profitable business in China.</p><p>That doesn’t mean PDD won’t face some challenges in its international expansion. As its popularity grows in the U.S., it’s already attracting unwanted political scrutiny due to tensions between China and the U.S., especially over data security concerns. In April, a U.S. Congressional commission report <strong>outlined</strong> concerns over Chinese fast fashion platforms like Temu in areas like trade practices, labor, safety and IP protections.</p><p>PDD also faces intensifying competition in the fast fashion e-commerce space from the likes of Shein, its Chinese competitor that similarly focuses on ultra-low-cost products and gained early traction in the U.S. market.</p><p>The two companies previously sued each other over the past year on issues such as disparaging remarks and allegations of monopolistic practices. They settled their suits in October, but the disputes still illustrate the competitive pressures PDD faces as it seeks to expand outside its home market. Most recently, even Amazon (AMZN.US) appeared to be joining the fray by <strong>offering</strong> unusually low fee rates for its merchants selling clothing priced below $20 – a move that looks directly aimed at both Shein and Temu.</p><p>At the end of the day, PDD’s continued success will rely on growing its business internationally as its China growth slows. This gives it a clear lead over Alibaba, though by no means assures its success as PDD faces intensifying competition on the global stage from not only established companies in other markets but also Chinese rivals.</p></body></html>","source":"seekingalpha","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>China Has A New E-Commerce Top Dog As Global Gains Lift PDD Past Alibaba</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\">\nChina Has A New E-Commerce Top Dog As Global Gains Lift PDD Past Alibaba\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-11 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4656839-china-has-a-new-e-commerce-top-dog-as-global-gains-lift-pdd-past-alibaba><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PDD Holdings Inc. has surpassed Alibaba in terms of valuation, becoming the new top e-commerce player in China with a value of $186 billion.PDD's success is attributed to its focus on bargains and its...</p>\n\n<a href=\"https://seekingalpha.com/article/4656839-china-has-a-new-e-commerce-top-dog-as-global-gains-lift-pdd-past-alibaba\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4558":"双十一","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4220":"综合零售","BK4535":"淡马锡持仓","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","BK4538":"云计算","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU1688375341.USD":"贝莱德中国灵活股票基金","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","PDD":"拼多多","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0918141887.USD":"安联亚洲实际收益股票基金","LU1051768304.USD":"贝莱德新兴市场股票收益A6","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","BK4548":"巴美列捷福持仓","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","BK4565":"NFT概念","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","BK4554":"元宇宙及AR概念","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4553":"喜马拉雅资本持仓","BK4531":"中概回港概念","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE0008368742.USD":"首域中国增长基金I Acc","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://seekingalpha.com/article/4656839-china-has-a-new-e-commerce-top-dog-as-global-gains-lift-pdd-past-alibaba","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2389850906","content_text":"PDD Holdings Inc. has surpassed Alibaba in terms of valuation, becoming the new top e-commerce player in China with a value of $186 billion.PDD's success is attributed to its focus on bargains and its innovative group-buying model, particularly appealing to price-conscious consumers in smaller cities.PDD's international expansion, driven by its success with Temu, its international business, has contributed to its rapid rise and investor optimism.After years of dominance by the duo of Alibaba (BABA) and JD.com (JD), China suddenly has a new top kid on its e-commerce block.PDD Holdings Inc. (NASDAQ: PDD) has emerged as the new favorite in that fiercely competitive landscape, after surpassing a slumping Alibaba in terms of valuation last week. As of Thursday’s market close, PDD was the leader with a value of $186 billion, just ahead of Alibaba’s $185 billion and well in front of JD.com’s $42 billion. The watershed moment capped years of stellar performance by PDD, better known in China as Pinduoduo.The 8-year-old upstart’s passing of veteran Alibaba came after PDD reported turbo-charged third-quarter earnings that included a revenue surge of over 90%, and 45% profit growth.PDD’s rapid rise owes to its laser focus on bargains and an innovative group-buying model that resonates with price-conscious consumers, especially in China’s less affluent smaller cities. While multiple factors underlie its success, PDD’s red-hot international expansion is the main driver behind its latest surge. That contrasts even more strongly with Alibaba’s more checkered record of achieving success outside China.Before examining PDD’s overseas growth in more detail, we should note that Alibaba’s fall from grace owes in no small part to China’s crackdown on the entire internet sector – making PDD’s story even more remarkable. A 2020 speech by Alibaba founder Jack Ma criticizing Chinese regulators is generally seen as the starting point for a crackdown on the company, which later spread to other major internet players, for anti-competitive practices.Alibaba has largely limped along since then, though it excited investors with its March announcement that it would break itself up into six component parts, a move many said was made in part to address anti-monopoly concerns. But even that drive ran into trouble last month when Alibaba said it no longer planned to spin off its cloud business due to changes in the market.While Alibaba has foundered, PDD has done just the opposite, in no small part by avoiding controversy with its strong focus on its core e-commerce business. The company’s third-quarter revenue totaled 68.8 billion yuan ($9.7 billion), about a third of Alibaba’s 224.8 billion yuan. But while the Alibaba figure grew by a modest 9% year-on-year, Pinduoduo’s nearly doubled with a 94% rise.PDD’s shares surged 17% in the trading day of the announcement, and have held onto the gains since then, propelling it past Alibaba in terms of market value. That jump has given PDD a price-to-sales (P/S) ratio of 7.48, significantly higher than Alibaba’s 1.45. In terms of price-to-earnings (P/E) ratio, PDD also commands a ratio of 32, triple the 10 for Alibaba, according to Yahoo Finance.International successThe investor optimism that lifted PDD past Alibaba is likely tied to the success of Temu, its international business. Temu has expanded swiftly since its launch in September last year, garnering over 52 million monthly active users in the U.S. alone, according to mobile app performance tracker Sensor Tower. The service is now available in 48 countries worldwide.While PDD did not provide specific financial details for Temu in its latest earnings report, Goldman Sachs estimated the service accounted for approximately 28% of the company’s revenue in its latest quarter. The international success contrasts with Alibaba, whose older foreign operations are still relatively small as a percentage of its overall business.PDD’s overseas success uses a page taken directly from its domestic playbook targeting price-conscious customers. That focus resonates strongly in the current environment as global shoppers' grapple with high prices and inflation. And, of course, everyone always loves a good bargain.Temu offers shoppers extremely low prices for a variety of products, such as $4 for earphones and $15 for hoodies. Those goods are shipped from China, drawing on PDD’s extensive merchant network established over its brief lifetime. The company’s tight control over this network, which helps it cut prices to the bone, gives it an edge over Alibaba.Alibaba operates more like a marketplace, providing support to its merchants but largely letting them run their own shops. By comparison, Pinduoduo has invested heavily in direct relationships with its suppliers, giving it more control over sourcing, pricing, and inventory.Pinduoduo appears to be employing the same strategy abroad that fueled its early growth in China – aggressively using marketing and discounts to drive expansion, prioritizing top-line growth over short-term profits. PDD was loss-making for years before becoming profitable in 2021.Temu’s aggressive marketing approach, which includes big spending in high-profile outlets like Super Bowl commercials, means it’s likely that PDD’s international business is still unprofitable and is dragging down the company’s overall margins. However, the company can afford to subsidize its international expansion with its strong and profitable business in China.That doesn’t mean PDD won’t face some challenges in its international expansion. As its popularity grows in the U.S., it’s already attracting unwanted political scrutiny due to tensions between China and the U.S., especially over data security concerns. In April, a U.S. Congressional commission report outlined concerns over Chinese fast fashion platforms like Temu in areas like trade practices, labor, safety and IP protections.PDD also faces intensifying competition in the fast fashion e-commerce space from the likes of Shein, its Chinese competitor that similarly focuses on ultra-low-cost products and gained early traction in the U.S. market.The two companies previously sued each other over the past year on issues such as disparaging remarks and allegations of monopolistic practices. They settled their suits in October, but the disputes still illustrate the competitive pressures PDD faces as it seeks to expand outside its home market. Most recently, even Amazon (AMZN.US) appeared to be joining the fray by offering unusually low fee rates for its merchants selling clothing priced below $20 – a move that looks directly aimed at both Shein and Temu.At the end of the day, PDD’s continued success will rely on growing its business internationally as its China growth slows. This gives it a clear lead over Alibaba, though by no means assures its success as PDD faces intensifying competition on the global stage from not only established companies in other markets but also Chinese rivals.","news_type":1},"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":234029153697992,"gmtCreate":1698144969929,"gmtModify":1698144972656,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a><v-v data-views=\"1\"></v-v>Alot of people feeling bearish and fearful. Time for me to be greedy now","listText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a><v-v data-views=\"1\"></v-v>Alot of people feeling bearish and fearful. Time for me to be greedy now","text":"$HSI(HSI)$ Alot of people feeling bearish and fearful. Time for me to be greedy now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234029153697992","isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":206558948655248,"gmtCreate":1691461161631,"gmtModify":1691461164404,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a><v-v data-views=\"1\"></v-v>Have to be patient. The day will come","listText":"<a href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$&nbsp;</a><v-v data-views=\"1\"></v-v>Have to be patient. The day will come","text":"$HSI(HSI)$ Have to be patient. The day will come","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206558948655248","isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970811988,"gmtCreate":1684251826545,"gmtModify":1684251829986,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/USB\">$U.S. Bancorp(USB)$&nbsp;</a>Inflation will continue to be sticky and the rising interest rates will force more banks to experience problems. I expect more shorts on the bank stocks. I have confidence in USB but my entry price has to be below $20 now","listText":"<a href=\"https://ttm.financial/S/USB\">$U.S. Bancorp(USB)$&nbsp;</a>Inflation will continue to be sticky and the rising interest rates will force more banks to experience problems. I expect more shorts on the bank stocks. I have confidence in USB but my entry price has to be below $20 now","text":"$U.S. Bancorp(USB)$ Inflation will continue to be sticky and the rising interest rates will force more banks to experience problems. I expect more shorts on the bank stocks. I have confidence in USB but my entry price has to be below $20 now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970811988","isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913335134,"gmtCreate":1663908596428,"gmtModify":1676537361650,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"HSI is confirmed to be oversold. But to recover willneed time and the covid situation to be stabilised. HK will need to rebuild its economy and improve the overall investment climate and attract more foreign talent just like what Singapore is doing. On the high inflation problem, hopefully the FED can limit its damage on equities markets","listText":"HSI is confirmed to be oversold. But to recover willneed time and the covid situation to be stabilised. HK will need to rebuild its economy and improve the overall investment climate and attract more foreign talent just like what Singapore is doing. On the high inflation problem, hopefully the FED can limit its damage on equities markets","text":"HSI is confirmed to be oversold. But to recover willneed time and the covid situation to be stabilised. HK will need to rebuild its economy and improve the overall investment climate and attract more foreign talent just like what Singapore is doing. On the high inflation problem, hopefully the FED can limit its damage on equities markets","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/9913335134","isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023794685,"gmtCreate":1652960493247,"gmtModify":1676535196565,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/06088\">$FIT Hon Teng(06088)$</a>I will be studying this company. Wait for my updates","listText":"<a href=\"https://ttm.financial/S/06088\">$FIT Hon Teng(06088)$</a>I will be studying this company. Wait for my updates","text":"$FIT Hon Teng(06088)$I will be studying this company. Wait for my updates","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9023794685","isVote":1,"tweetType":1,"viewCount":769,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"content":"Can buy in as production starts to resume but dont expect demand to be strong. Good entry price should be below 95 cents","text":"Can buy in as production starts to resume but dont expect demand to be strong. Good entry price should be below 95 cents","html":"Can buy in as production starts to resume but dont expect demand to be strong. Good entry price should be below 95 cents"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833494831,"gmtCreate":1629253747423,"gmtModify":1676529980739,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/08083\">$CHINA YOUZAN(08083)$</a>Bought in&nbsp;","listText":"<a href=\"https://laohu8.com/S/08083\">$CHINA YOUZAN(08083)$</a>Bought in&nbsp;","text":"$CHINA YOUZAN(08083)$Bought in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/833494831","isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582699680917595","authorId":"3582699680917595","name":"Hett","avatar":"https://static.tigerbbs.com/538abd1cb14779c0920c643a0a0ba120","crmLevel":4,"crmLevelSwitch":0},"content":"You bought??? Its terrible!!","text":"You bought??? Its terrible!!","html":"You bought??? Its terrible!!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025899361,"gmtCreate":1653652207053,"gmtModify":1676535321230,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/03838\">$CHINA STARCH(03838)$</a>for your reference&nbsp;","listText":"<a href=\"https://ttm.financial/S/03838\">$CHINA STARCH(03838)$</a>for your reference&nbsp;","text":"$CHINA STARCH(03838)$for your reference","images":[{"img":"https://community-static.tradeup.com/news/51db40c792ec1b089cdf7a957ce15cb1","width":"1196","height":"1370"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025899361","isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4087724962016220","authorId":"4087724962016220","name":"Hangen","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0},"content":"start dropping?","text":"start dropping?","html":"start dropping?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":831775260,"gmtCreate":1629354849650,"gmtModify":1676530012657,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>Oversold.&nbsp;","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>Oversold.&nbsp;","text":"$Alibaba(09988)$Oversold.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/831775260","isVote":1,"tweetType":1,"viewCount":935,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":210150535307320,"gmtCreate":1692328486636,"gmtModify":1692328491397,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"Too many negative news all at one go.... valuation drops quite a lot. Which means time to buy in","listText":"Too many negative news all at one go.... valuation drops quite a lot. Which means time to buy in","text":"Too many negative news all at one go.... valuation drops quite a lot. Which means time to buy in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210150535307320","repostId":"1104288445","repostType":2,"repost":{"id":"1104288445","pubTimestamp":1692327544,"share":"https://www.laohu8.com/m/news/1104288445?lang=&edition=full","pubTime":"2023-08-18 10:59","market":"us","language":"en","title":"Hong Kong Stocks Set for Biggest Weekly Drop Since June As Debt Defaults, Yuan Slide Trouble Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1104288445","media":"South China Morning Post","summary":"Hong Kong stocks fell, adding to the biggest weekly decline in two months, amid concerns about spreading debt defaults in China’s property industry and shadow banking fallout. Investors also trimmed t","content":"<html><head></head><body><p>Hong Kong stocks fell, adding to the biggest weekly decline in two months, amid concerns about spreading debt defaults in China’s property industry and shadow banking fallout. Investors also trimmed their bets after the Chinese currency hit the weakest level since October.</p><p>The Hang Seng Index fell 0.3 percent to 18,273.22 as of 9.49am local time. The 4.3 percent decline since last Friday is the most since the June 23 week. The Hang Seng Tech Index dropped 1.2 percent while the Shanghai Composite Index added 0.4 percent.</p><p>Lenovo Group slumped 3.8 percent to HK$7.38 while JD Health tumbled 6.3 percent to HK$66.30 and EV maker Xpeng dived 5.8 percent to HK$61.50. Alibaba Group Holding slipped 0.8 percent to HK$89.40. Limiting losses, developer Longfor advanced 1.4 percent to HK$17.44 before its earnings report later today.</p><p>Investors have given up on short-term outlook for Chinese stocks as they cut their holdings after Beijing failed to follow up on its July 24’s pledge with sufficient measures to shore up the economy. Weak data for July and sliding home prices have since undermined confidence and stoked default concerns following missed payments at developer Country Garden and private wealth manager Zhongrong International Trust.</p><p>The onshore yuan weakened 0.4 percent to 7.2695 against the US dollar this week, approaching its weakest level since October, prompting speculation the People’s Bank of China will intervene to strengthen its currency.</p><p>Three companies debuted on Friday. Suzhou Convert Semiconductor surged 97 percent to 80.70 yuan in Shanghai and Weima Agricultural Machinery jumped 133 percent to 68.78 yuan in Shenzhen. Hubei Hongyu New Packaging Materials dropped 1.1 percent to 7.91 yuan in Beijing.</p><p>Other major Asian markets were mixed. Japan’s Nikkei 225 slipped 0.5 percent, while South Korea’s Kospi retreated 0.3 percent and Australia’s S&amp;P/ASX 200 added 0.2 percent.</p></body></html>","source":"lsy1600132093512","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>Hong Kong Stocks Set for Biggest Weekly Drop Since June As Debt Defaults, Yuan Slide Trouble Investors</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\">\nHong Kong Stocks Set for Biggest Weekly Drop Since June As Debt Defaults, Yuan Slide Trouble Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-18 10:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3231473/hong-kong-stocks-set-biggest-weekly-drop-june-debt-defaults-yuan-slide-trouble-investors?module=live&pgtype=homepage><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks fell, adding to the biggest weekly decline in two months, amid concerns about spreading debt defaults in China’s property industry and shadow banking fallout. Investors also trimmed ...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3231473/hong-kong-stocks-set-biggest-weekly-drop-june-debt-defaults-yuan-slide-trouble-investors?module=live&pgtype=homepage\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数"},"source_url":"https://www.scmp.com/business/china-business/article/3231473/hong-kong-stocks-set-biggest-weekly-drop-june-debt-defaults-yuan-slide-trouble-investors?module=live&pgtype=homepage","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104288445","content_text":"Hong Kong stocks fell, adding to the biggest weekly decline in two months, amid concerns about spreading debt defaults in China’s property industry and shadow banking fallout. Investors also trimmed their bets after the Chinese currency hit the weakest level since October.The Hang Seng Index fell 0.3 percent to 18,273.22 as of 9.49am local time. The 4.3 percent decline since last Friday is the most since the June 23 week. The Hang Seng Tech Index dropped 1.2 percent while the Shanghai Composite Index added 0.4 percent.Lenovo Group slumped 3.8 percent to HK$7.38 while JD Health tumbled 6.3 percent to HK$66.30 and EV maker Xpeng dived 5.8 percent to HK$61.50. Alibaba Group Holding slipped 0.8 percent to HK$89.40. Limiting losses, developer Longfor advanced 1.4 percent to HK$17.44 before its earnings report later today.Investors have given up on short-term outlook for Chinese stocks as they cut their holdings after Beijing failed to follow up on its July 24’s pledge with sufficient measures to shore up the economy. Weak data for July and sliding home prices have since undermined confidence and stoked default concerns following missed payments at developer Country Garden and private wealth manager Zhongrong International Trust.The onshore yuan weakened 0.4 percent to 7.2695 against the US dollar this week, approaching its weakest level since October, prompting speculation the People’s Bank of China will intervene to strengthen its currency.Three companies debuted on Friday. Suzhou Convert Semiconductor surged 97 percent to 80.70 yuan in Shanghai and Weima Agricultural Machinery jumped 133 percent to 68.78 yuan in Shenzhen. Hubei Hongyu New Packaging Materials dropped 1.1 percent to 7.91 yuan in Beijing.Other major Asian markets were mixed. Japan’s Nikkei 225 slipped 0.5 percent, while South Korea’s Kospi retreated 0.3 percent and Australia’s S&P/ASX 200 added 0.2 percent.","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985304383,"gmtCreate":1667308519042,"gmtModify":1676537895356,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LU\">$Lufax(LU)$</a>China covid exit plans, fed pivoting and inflation under control.... will all these drive lufax back to above $5","listText":"<a href=\"https://ttm.financial/S/LU\">$Lufax(LU)$</a>China covid exit plans, fed pivoting and inflation under control.... will all these drive lufax back to above $5","text":"$Lufax(LU)$China covid exit plans, fed pivoting and inflation under control.... will all these drive lufax back to above $5","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9985304383","isVote":1,"tweetType":1,"viewCount":707,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4091317198228650","authorId":"4091317198228650","name":"魔鬼王","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0},"content":"All in, success or failure is hereTimes","text":"All in, success or failure is hereTimes","html":"All in, success or failure is hereTimes"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":284240849842376,"gmtCreate":1710410772376,"gmtModify":1710410775537,"author":{"id":"3567412323589940","authorId":"3567412323589940","name":"BernardLL","avatar":"https://community-static.tradeup.com/news/3eb1ecb8182a3c31f7f8d7a53d00163b","crmLevel":5,"crmLevelSwitch":1},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01083\">$TG SMART ENERGY(01083)$</a> time to look at it","listText":"<a href=\"https://ttm.financial/S/01083\">$TG SMART ENERGY(01083)$</a> time to look at it","text":"$TG SMART ENERGY(01083)$ time to look at it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/284240849842376","isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}