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Terrens

Terrens

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2021-06-30

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2021-06-29

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2021-06-27

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国际油价“高歌猛进”，市场静待下周欧佩克+会议

2021-06-26

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达里奥最新演讲：股市眼下并不一定处于泡沫中

2021-06-25

Ok//@Kenwen: k

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2021-06-25

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2021-06-21

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2021-06-18

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2021-06-15

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2021-06-07

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2021-06-05

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2021-06-04

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2021-05-30

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分拆向左，并购向右，为何中美互联网巨头走向天平的两端？

2021-05-28

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散户再次逼空！除了GME和AMC，他们还在买什么

2021-05-26

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在岸人民币兑美元升破6.4关口，为2018年6月来首次

2021-05-25

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2021-05-24

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2021-05-23

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2021-05-22

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2021-05-21

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down"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124121799,"gmtCreate":1624754683111,"gmtModify":1703844391717,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/124121799","repostId":"1181161116","repostType":4,"repost":{"id":"1181161116","pubTimestamp":1624754107,"share":"https://www.laohu8.com/m/news/1181161116?lang=&edition=full","pubTime":"2021-06-27 08:35","market":"fut","language":"zh","title":"国际油价“高歌猛进”，市场静待下周欧佩克+会议","url":"https://stock-news.laohu8.com/highlight/detail?id=1181161116","media":"期货日报","summary":"本周，受国际油价持续上涨影响，能化系期货品种大幅走强，但板块间各品种走势却出现分化。其中，LPG和沥青期货走势偏强。\n“与原油相比，今年沥青一直处于偏弱状态，主要是自身基本面出了较大的问题。”招金期货","content":"<div>\n<p>本周，受国际油价持续上涨影响，能化系期货品种大幅走强，但板块间各品种走势却出现分化。其中，LPG和沥青期货走势偏强。\n“与原油相比，今年沥青一直处于偏弱状态，主要是自身基本面出了较大的问题。”招金期货分析师于竼森告诉期货日报记者，沥青行业的开工率并没有超越去年，甚至比往年同期还要偏低，需求一直未能启动，且库存逼近近8年来的历史高位。\n在于竼森看来，当前仍处于雨季，沥青的实际需求偏弱，库存也在4季度...</p>\n\n<a href=\"https://www.cls.cn/detail/777596\">Web Link</a>\n\n</div>\n","source":"qihuoribao","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>国际油价“高歌猛进”，市场静待下周欧佩克+会议</title>\n<style 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}\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\">\n国际油价“高歌猛进”，市场静待下周欧佩克+会议\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 08:35 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.cls.cn/detail/777596><strong>期货日报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>本周，受国际油价持续上涨影响，能化系期货品种大幅走强，但板块间各品种走势却出现分化。其中，LPG和沥青期货走势偏强。\n“与原油相比，今年沥青一直处于偏弱状态，主要是自身基本面出了较大的问题。”招金期货分析师于竼森告诉期货日报记者，沥青行业的开工率并没有超越去年，甚至比往年同期还要偏低，需求一直未能启动，且库存逼近近8年来的历史高位。\n在于竼森看来，当前仍处于雨季，沥青的实际需求偏弱，库存也在4季度...</p>\n\n<a href=\"https://www.cls.cn/detail/777596\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ef375710aa7a4298de56c8827d8139df","relate_stocks":{"DWT":"三倍做空原油ETN","SCO":"二倍做空彭博原油指数ETF","UCO":"二倍做多彭博原油ETF","DDG":"ProShares做空石油与天然气ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","USO":"美国原油ETF"},"source_url":"https://www.cls.cn/detail/777596","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181161116","content_text":"本周，受国际油价持续上涨影响，能化系期货品种大幅走强，但板块间各品种走势却出现分化。其中，LPG和沥青期货走势偏强。\n“与原油相比，今年沥青一直处于偏弱状态，主要是自身基本面出了较大的问题。”招金期货分析师于竼森告诉期货日报记者，沥青行业的开工率并没有超越去年，甚至比往年同期还要偏低，需求一直未能启动，且库存逼近近8年来的历史高位。\n在于竼森看来，当前仍处于雨季，沥青的实际需求偏弱，库存也在4季度前很难出现下滑，因此沥青期货本周的强势上涨，更多是受油价上涨的影响，成本提高推动沥青价格上涨。\n此外，消息面的利好来自于市场关于国家针对地炼企业原油配额缩减问题的解读。部分机构认为，国家今年1—2批次进口原油配额相对去年有了明显的缩量，叠加前期针对稀释沥青的加税问题，会造成地炼企业原材料价格上涨及原材料紧缺，从而导致后期的沥青产量会有所下滑。那么在旺季来临之后，沥青可能会面临比较快速的去库存，而不是前期预期的全年都处于高库存之下。\n尽管沥青本周表现极为强势，远强于其他油品。但有业内人士认为沥青盘面明显超涨，后期走势可能相对于其他油品更弱。\n过去一周，随着市场逐步认识到“稀释沥青”可能长期短缺的问题，对于远期沥青炼厂供应产生担忧，市场看多情绪加重。但在国泰君安期货分析师黄柳楠看来，短期交易视角不应过分聚焦远期市场。“当前山东地区现货对于沥青期货主力合约2109合约的贴水已经超过300元/吨，无风险套利窗口大幅敞开，且沥青与高、低硫燃料油的价差也逼近今年以来的高位，估值已经偏高。”\n“从供需面看，当前绝对库存依旧处于历史最高位，未来2个月不太可能出现缺货的情况，因此沥青利润修复的驱动并不强。”黄柳楠表示，由于今年国内信用扩张停滞，基建工程减少，未来2个月需求端可能不会有逆季节性的扩张，近两日盘面超涨的溢价可能在未来逐步回吐。“考虑到油价下半年重心上移的确定性，沥青价格未来挑战4000元/吨的可能性依旧较大，只是短期背离油价的强势难以持续。”\n值得注意的是，本周LPG期货价格连创新高。东证期货衍生品研究院大宗商品研究主管金晓告诉期货日报记者，一方面，受益于油价持续上涨，相应抬升了LPG期价中枢。另一方面，海外LPG掉期价格在沙特传出出口收紧的消息刺激下一路狂奔。“即将出台的7月沙特CP丙烷价格预计会超过620美元/吨，较上月大涨近100美元/吨，未来进口成本增加的预期是近期国内期价上行的重要驱动。”\nLPG消费本身有一定的季节性，随着主力合约从淡季逐渐转入旺季，市场对旺季抱有期待，乐观情绪在市场中占主导。\n在金晓看来，LPG基本面预期较好。从最新的气象预测来看今年秋冬大概率是中性状态，在12月前后有略超50%的概率转为拉尼娜，未来随着天气转冷燃料消费将有正常的季节性回升。在化工原料需求上，今年全年国内预计有4套PDH新装置投产，此外还有一些可灵活切换原料的乙烯裂解新装置未来可以消化前端炼能扩张带来的LPG国产气增量。“总体上，国内需求增速快于供给增速。这部分需求缺口会对应到国内的进口气增量，是全球需求增量的重要组成部分，亚洲地区LPG价格受到支撑，对国内也意味着进口成本相比去年同期易涨难跌。”\n不过，目前LPG基本面国内外分化的格局短期内仍将持续。据国投安信期货分析师李祖智介绍，国内市场受广州疫情和国产气外放压力增长的影响，价格已显疲态，终端销售压力不断放大。但国际市场方面，美国库存维持低位，而中东短期内增产预期仍不明朗，年内主要潜在供给增量的伊朗也因谈判节奏放缓而有所推迟，国际市场紧平衡格局下的推高动力仍然存在。“在市场格局暂无拐点迹象，同时原油强势的背景下，盘面仍有一定上涨空间。”\n“LPG期价从半年度的时间维度上我们觉得上方仍有空间但过程可能会波折。”金晓认为，由于这一轮海外价格是偏事件驱动的推涨，目前LPG期价位置相对高位，短期要防范沙特消息反转供给边际宽松的回调风险。未来供需基本面环比改善预期可能是直到旺季前半段市场的主要交易逻辑。\n业内人士建议投资者关注下周即将举行的OPEC+会议，这是当前能化市场当前关注的焦点。如果增产幅度超出预期，油价回调的可能性依旧存在，也将一定程度上影响能化板块其他品种的价格走势。","news_type":1},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":9,"crmLevelSwitch":1},"content":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]","text":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]","html":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125696873,"gmtCreate":1624670526592,"gmtModify":1703843191910,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/125696873","repostId":"1186578125","repostType":4,"repost":{"id":"1186578125","pubTimestamp":1624879503,"share":"https://www.laohu8.com/m/news/1186578125?lang=&edition=full","pubTime":"2021-06-28 19:25","market":"sh","language":"zh","title":"达里奥最新演讲：股市眼下并不一定处于泡沫中","url":"https://stock-news.laohu8.com/highlight/detail?id=1186578125","media":"人民币交易与研究","summary":"全球最大对冲基金桥水创始人达里奥6月24日连发两篇推文，介绍自己衡量泡沫的六项指标，并发布了一个10分钟的视频阐述自己对当下股市泡沫的看法。\n在这个应罗宾汉基金会要求解释股票泡沫的视频中，达里奥表示，","content":"<p>全球最大对冲基金桥水创始人达里奥6月24日连发两篇推文，介绍自己衡量泡沫的六项指标，并发布了一个10分钟的视频阐述自己对当下股市泡沫的看法。</p>\n<p>在这个应罗宾汉基金会要求解释股票泡沫的视频中，达里奥表示，虽然指标显示一些股票目前“存在泡沫”，但股市眼下不一定处于泡沫中。</p>\n<p><img src=\"https://static.tigerbbs.com/ed46d81d71867f2d1eb8b3b9ad012779\" tg-width=\"532\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p>\n<p>达里奥在推文中写道，“我所说的泡沫是指不可持续的高价，我用六项指标来衡量它”，并指出投资者需关注买家杠杆水平和新买家数量等迹象。</p>\n<p>事实上，早在5月中旬时，达里奥就曾在公众号分享了他对股市泡沫的研究，详述了这六种系统性“泡沫指标”，包括价格、看涨情绪、杠杆高低等：</p>\n<p>1． 相对传统的衡量标准，价格有多高？</p>\n<p>2． 价格是否反映了不可持续的状况？</p>\n<p>3． 有多少新买家（即之前不在市场里的人）进入了市场？</p>\n<p>4． 看涨情绪有多普遍？</p>\n<p>5． 交易是否依赖高杠杆的支撑？</p>\n<p>6． 买家是否过度进行远期交易（如建立库存、签订远期协议等）来投机或保护自己免受未来价格上涨的影响？</p>\n<p><img src=\"https://static.tigerbbs.com/b89447f632ae50e578dd9ebcd007795e\" tg-width=\"550\" tg-height=\"306\" referrerpolicy=\"no-referrer\"></p>\n<p>以下是这个名为《股市目前是否处于泡沫中？》的视频演讲全文：</p>\n<p>大家好，很高兴能代表所有被罗宾汉（基金会）帮助过的人来到这里。</p>\n<p>你们知道，知道罗宾汉，是因为我认识保罗·都铎·琼斯，当时罗宾汉是他眼里的一抹微光，他会在贝德福德-斯图文森特街区（Bed Stuy）和孩子们一起打篮球，我很幸运能够看到他和罗宾汉基金的所有工作人员，以一种非常个人化和高效的方式来帮助减轻美国的贫困，并且能够成为其中的一员。你们所做的一切都很棒，所以我只想感谢你们所做的一切，并且告诉你们能够来到这里并尽我的微薄之力，我有多么高兴。</p>\n<p>我被要求谈论泡沫，市场、股市是否处于泡沫中，以及什么样的泡沫。我只想给你们一些关于这个问题的想法，我只有大约10分钟的时间。所以我想讲快点，几年前，我开始思考：什么是泡沫？当我们身处泡沫中时，我所说的泡沫是指什么？因为在我50年的投资生涯中，我看到了很多泡沫。</p>\n<p>在我脑海中，有六件事是我基本上认为会导致产生泡沫的，我将他们一一列举出来。现在，看着它们，以便您知道我在说什么。</p>\n<p>首先，您知道，我们的价格相对于传统的价格衡量标准有多高是一个考虑因素。例如，你知道我们的PSI或收益率之类的东西，这是一个考虑因素，但这不是我所说的泡沫。</p>\n<p>比方说，可能出现价格高回报低的现象，而且这种情况可以持续很长时间，但这并不意味着泡沫会破灭，只是其中一个组成因素。</p>\n<p>第二，价格是反映不可持续的条件，这里指的是买方的性质，谁在买入和如何买入，不可持续的条件会产生了价格调整或下跌，然后就出现了第三个投机因素——市场上的新买家被吸引了。</p>\n<p>您知道，这就像鸡尾酒会，有些从不参加的人出现了，也就是投资了某些资产，可能是科技股，也可能是房地产，但无论如何，每个人都想，没有持有这些东西会让他们觉得自己很蠢，诸如此类。</p>\n<p>第五项是大额购买远期“合约”，比如有人买了他们不了解的公寓，因为他们认为公寓会上涨，或者用大规模交易大宗商品的年代来举例。我会观察那些使用大宗商品的人，他们购买了大量远期合约。换句话说，购买库存以保护自己免受价格上涨的影响。</p>\n<p>所以当他们离场的时候——正如我们最近在大宗商品市场看到的——当他们抛售远期合约时，价格持续下跌，他们会说“我也不想要它”。</p>\n<p>而当价格上涨时，他们会说我们要进行溢价保护，对冲价格上涨。所以，延长了这些远期购买的买家是一个（泡沫）指标。</p>\n<p>我用这张表显示整个股市，我把这个框架基本上应用到所有资产上，并且使用一种系统化的方法，试图判断哪些处在泡沫中。在我看来，在各种各样的股票中，有些存在泡沫，有些则没有，而整个股市正如这张图表所显示的。</p>\n<p>这张图表可以追溯到1910年，它是一个彰显泡沫程度的指标。你可以看到当前是有泡沫的，但没有2000年和1929年那么高，不过高于2007年。</p>\n<p><img src=\"https://static.tigerbbs.com/4c4f2ff86c22e19d1a051e96d120c0fa\" tg-width=\"640\" tg-height=\"347\" referrerpolicy=\"no-referrer\"></p>\n<p>让我们看看存在泡沫的股票，根据这些标准，很多股票没有泡沫。</p>\n<p><img src=\"https://static.tigerbbs.com/4ebf9f9bfdd5c982106b5c4f97acf635\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p>\n<p>这张图表追溯到1995年，与2000年相比，前1000名的企业市值存在泡沫比例约为5%，整个标普500指数存在泡沫的份额约为2%，虽然不如2000年高，但比2007年高。</p>\n<p>现在来看下一张显示了泡沫股票的图表。</p>\n<p><img src=\"https://static.tigerbbs.com/15720e9f5f0240be2ddeda3d14230eaa\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p>\n<p>我把这些泡沫股票与标准普尔500指数分离，可以看到泡沫股在大盘中的比例下降，我相信这种情况很可能会持续下去，但目前处于泡沫之中。其中一个问题是，泡沫可以扩张和收缩，时机是个大问题。</p>\n<p>下面这张图表可以追溯到1900年，上图显示的是债务与国内生产总值（GDP）之比，下图中蓝线显示的是利率，红线显示印钞规模，也就是流入的货币量。所以你可以看到当债务累加时，就像现在的情况，并且实施近零利率，这两种情况同时存在时就会大肆印钞。</p>\n<p><img src=\"https://static.tigerbbs.com/e5d3d3c839ca42009c377a3eed7c9c3c\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p>\n<p>这是泡沫的一个关键因素，因为有大量的流动性进入市场，然后有很多资金哄抬各种各样的资产价格，所以你可以看到，当蓝线触及零时，红线大幅上行。大量流动性，大量的债务融资和债务货币化形成了一个典型的泡沫。</p>\n<p>其他可能产生泡沫的因素则是新股上市，特别是如果它们没有盈利，或者是在许多情况下没有盈利的前景。</p>\n<p>这些也是泡沫的考虑因素，所以我想说，你不能说当前的股市处于最高程度的泡沫，你必须区分哪些股票正处于泡沫中、或者一直处于泡沫中；哪些股票没有，实际上目前有许多股票并没有处于泡沫中。</p>\n<p>所以我希望这能让你对泡沫有所了解、我如何看待它们以及我们目前处于什么位置。谢谢。</p>","source":"lsy1574157197600","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>达里奥最新演讲：股市眼下并不一定处于泡沫中</title>\n<style 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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\">\n达里奥最新演讲：股市眼下并不一定处于泡沫中\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 19:25 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/lv14Xv-iB491-ddK3pdX_w><strong>人民币交易与研究</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球最大对冲基金桥水创始人达里奥6月24日连发两篇推文，介绍自己衡量泡沫的六项指标，并发布了一个10分钟的视频阐述自己对当下股市泡沫的看法。\n在这个应罗宾汉基金会要求解释股票泡沫的视频中，达里奥表示，虽然指标显示一些股票目前“存在泡沫”，但股市眼下不一定处于泡沫中。\n\n达里奥在推文中写道，“我所说的泡沫是指不可持续的高价，我用六项指标来衡量它”，并指出投资者需关注买家杠杆水平和新买家数量等迹象。\n...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/lv14Xv-iB491-ddK3pdX_w\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/61ac6f61084482a9c0c70291c78e92f5","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/lv14Xv-iB491-ddK3pdX_w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186578125","content_text":"全球最大对冲基金桥水创始人达里奥6月24日连发两篇推文，介绍自己衡量泡沫的六项指标，并发布了一个10分钟的视频阐述自己对当下股市泡沫的看法。\n在这个应罗宾汉基金会要求解释股票泡沫的视频中，达里奥表示，虽然指标显示一些股票目前“存在泡沫”，但股市眼下不一定处于泡沫中。\n\n达里奥在推文中写道，“我所说的泡沫是指不可持续的高价，我用六项指标来衡量它”，并指出投资者需关注买家杠杆水平和新买家数量等迹象。\n事实上，早在5月中旬时，达里奥就曾在公众号分享了他对股市泡沫的研究，详述了这六种系统性“泡沫指标”，包括价格、看涨情绪、杠杆高低等：\n1． 相对传统的衡量标准，价格有多高？\n2． 价格是否反映了不可持续的状况？\n3． 有多少新买家（即之前不在市场里的人）进入了市场？\n4． 看涨情绪有多普遍？\n5． 交易是否依赖高杠杆的支撑？\n6． 买家是否过度进行远期交易（如建立库存、签订远期协议等）来投机或保护自己免受未来价格上涨的影响？\n\n以下是这个名为《股市目前是否处于泡沫中？》的视频演讲全文：\n大家好，很高兴能代表所有被罗宾汉（基金会）帮助过的人来到这里。\n你们知道，知道罗宾汉，是因为我认识保罗·都铎·琼斯，当时罗宾汉是他眼里的一抹微光，他会在贝德福德-斯图文森特街区（Bed Stuy）和孩子们一起打篮球，我很幸运能够看到他和罗宾汉基金的所有工作人员，以一种非常个人化和高效的方式来帮助减轻美国的贫困，并且能够成为其中的一员。你们所做的一切都很棒，所以我只想感谢你们所做的一切，并且告诉你们能够来到这里并尽我的微薄之力，我有多么高兴。\n我被要求谈论泡沫，市场、股市是否处于泡沫中，以及什么样的泡沫。我只想给你们一些关于这个问题的想法，我只有大约10分钟的时间。所以我想讲快点，几年前，我开始思考：什么是泡沫？当我们身处泡沫中时，我所说的泡沫是指什么？因为在我50年的投资生涯中，我看到了很多泡沫。\n在我脑海中，有六件事是我基本上认为会导致产生泡沫的，我将他们一一列举出来。现在，看着它们，以便您知道我在说什么。\n首先，您知道，我们的价格相对于传统的价格衡量标准有多高是一个考虑因素。例如，你知道我们的PSI或收益率之类的东西，这是一个考虑因素，但这不是我所说的泡沫。\n比方说，可能出现价格高回报低的现象，而且这种情况可以持续很长时间，但这并不意味着泡沫会破灭，只是其中一个组成因素。\n第二，价格是反映不可持续的条件，这里指的是买方的性质，谁在买入和如何买入，不可持续的条件会产生了价格调整或下跌，然后就出现了第三个投机因素——市场上的新买家被吸引了。\n您知道，这就像鸡尾酒会，有些从不参加的人出现了，也就是投资了某些资产，可能是科技股，也可能是房地产，但无论如何，每个人都想，没有持有这些东西会让他们觉得自己很蠢，诸如此类。\n第五项是大额购买远期“合约”，比如有人买了他们不了解的公寓，因为他们认为公寓会上涨，或者用大规模交易大宗商品的年代来举例。我会观察那些使用大宗商品的人，他们购买了大量远期合约。换句话说，购买库存以保护自己免受价格上涨的影响。\n所以当他们离场的时候——正如我们最近在大宗商品市场看到的——当他们抛售远期合约时，价格持续下跌，他们会说“我也不想要它”。\n而当价格上涨时，他们会说我们要进行溢价保护，对冲价格上涨。所以，延长了这些远期购买的买家是一个（泡沫）指标。\n我用这张表显示整个股市，我把这个框架基本上应用到所有资产上，并且使用一种系统化的方法，试图判断哪些处在泡沫中。在我看来，在各种各样的股票中，有些存在泡沫，有些则没有，而整个股市正如这张图表所显示的。\n这张图表可以追溯到1910年，它是一个彰显泡沫程度的指标。你可以看到当前是有泡沫的，但没有2000年和1929年那么高，不过高于2007年。\n\n让我们看看存在泡沫的股票，根据这些标准，很多股票没有泡沫。\n\n这张图表追溯到1995年，与2000年相比，前1000名的企业市值存在泡沫比例约为5%，整个标普500指数存在泡沫的份额约为2%，虽然不如2000年高，但比2007年高。\n现在来看下一张显示了泡沫股票的图表。\n\n我把这些泡沫股票与标准普尔500指数分离，可以看到泡沫股在大盘中的比例下降，我相信这种情况很可能会持续下去，但目前处于泡沫之中。其中一个问题是，泡沫可以扩张和收缩，时机是个大问题。\n下面这张图表可以追溯到1900年，上图显示的是债务与国内生产总值（GDP）之比，下图中蓝线显示的是利率，红线显示印钞规模，也就是流入的货币量。所以你可以看到当债务累加时，就像现在的情况，并且实施近零利率，这两种情况同时存在时就会大肆印钞。\n\n这是泡沫的一个关键因素，因为有大量的流动性进入市场，然后有很多资金哄抬各种各样的资产价格，所以你可以看到，当蓝线触及零时，红线大幅上行。大量流动性，大量的债务融资和债务货币化形成了一个典型的泡沫。\n其他可能产生泡沫的因素则是新股上市，特别是如果它们没有盈利，或者是在许多情况下没有盈利的前景。\n这些也是泡沫的考虑因素，所以我想说，你不能说当前的股市处于最高程度的泡沫，你必须区分哪些股票正处于泡沫中、或者一直处于泡沫中；哪些股票没有，实际上目前有许多股票并没有处于泡沫中。\n所以我希望这能让你对泡沫有所了解、我如何看待它们以及我们目前处于什么位置。谢谢。","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126746181,"gmtCreate":1624586066243,"gmtModify":1703841016063,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok//<a 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11:35","market":"us","language":"zh","title":"分拆向左，并购向右，为何中美互联网巨头走向天平的两端？","url":"https://stock-news.laohu8.com/highlight/detail?id=1151377509","media":"美股研究社","summary":"近期，网易云音乐和京东物流的接连上市，让我们看到了一个有意思的现象：中国的互联网大厂都在分拆业务，单独上市。但是纵观美国巨头FAAMG，不但没有走上分拆之路，反而大手笔砸钱开展并购。\n为何中美两国的企","content":"<p>近期，<a href=\"https://laohu8.com/S/NTES\">网易</a>云音乐和<a href=\"https://laohu8.com/S/02618\">京东物流</a>的接连上市，让我们看到了一个有意思的现象：中国的互联网大厂都在分拆业务，单独上市。但是纵观美国巨头FAAMG，不但没有走上分拆之路，反而大手笔砸钱开展并购。</p>\n<p>为何中美两国的企业有这样的差异？分拆与不分拆，都是出于什么考量？背后的原因究竟是什么？</p>\n<p><img src=\"https://static.tigerbbs.com/51aa3b9eeac8e58fa89c06cdf21d1385\" tg-width=\"713\" tg-height=\"401\" referrerpolicy=\"no-referrer\"></p>\n<p><b>网易分拆网易云音乐赴港上市 中国互联网巨头忙分拆</b></p>\n<p>5月26日，网易宣布计划分拆网易云音乐业务，将在港股独立上市。这意味着<a href=\"https://laohu8.com/S/TME\">腾讯音乐</a>和网易云将展开巨头争霸时代。</p>\n<p>除了网易云之外，2019年10月，网易分拆的网易<a href=\"https://laohu8.com/S/DAO\">有道</a>于纽交所上市。在此之前的2016年，网易分拆新闻业务融资3亿美元，计划分拆后专注于核心的在线游戏业务。</p>\n<p>就在前不久，<a href=\"https://laohu8.com/S/JD\">京东</a>物流也通过港交所聆讯，计划5月28日在港上市。京东物流正式开启港股IPO征程之后，京东集团的分拆上市大计成功了三个——另外两家是<a href=\"https://laohu8.com/S/06618\">京东健康</a>和京东数科。</p>\n<p>京东健康在2020年12月8日登录港交所，上市大涨超过40%，京东数科今年年初寻求A股科创板上市，但受到政策收紧的影响暂缓IPO计划。</p>\n<p>分拆上市，在我国互联网大厂里只是基本操作，十分常见。</p>\n<p>2012年，阿里将支付宝从体系内分拆，2020年<a href=\"https://laohu8.com/S/06688\">蚂蚁集团</a>通过科创板上市申请，虽然目前暂时被搁置；</p>\n<p>2014年3月，从<a href=\"https://laohu8.com/S/SINA\">新浪</a>拆分出来的新浪<a href=\"https://laohu8.com/S/WB\">微博</a>赴美递交招股书，成功上市；</p>\n<p>2016年7月，<a href=\"https://laohu8.com/S/00700\">腾讯</a>旗下QQ音乐与海洋音乐合并成立新的音乐集团腾讯音乐，合并并独立分拆后，腾讯音乐于2018年12月成功登陆纽交所。</p>\n<p>2017年11月，从<a href=\"https://laohu8.com/S/SOHU\">搜狐</a>分拆出来7年之久的<a href=\"https://laohu8.com/S/SOGO\">搜狗</a>，也在纽交所挂牌上市。张朝阳当初分拆的目的就是为了让搜狗上市。除了搜狗以外，搜狐还有一家分拆上市的公司——2009年上市的<a href=\"https://laohu8.com/S/CYOU\">畅游</a>。</p>\n<p>与搜狗上市差不多的时间节点，腾讯分拆<a href=\"https://laohu8.com/S/00772\">阅文集团</a>在港上市，这是我国最大的网上文学平台。</p>\n<p>2018年，<a href=\"https://laohu8.com/S/601318\">中国平安</a>集团旗下互联网医疗板块<a href=\"https://laohu8.com/S/01833\">平安好医生</a>独立在港股上市。</p>\n<p>近几年字节跳动也分拆了<a href=\"https://laohu8.com/S/DYIN\">抖音</a>，<a href=\"https://laohu8.com/S/BIDU\">百度</a>方面也在计划分拆小度和百度网盘，小米也计划分拆小米金融，都是为IPO做准备......</p>\n<p>案例比比皆是，不胜枚举。为何中概股企业都喜欢将业务分拆上市？如何看待分拆上市的现象？</p>\n<p><b>化整为零拓宽融资渠道，分拆子公司提高集团整体市值</b></p>\n<p>美股研究社认为，国内的企业，尤其是互联网行业的大厂，早已进入分拆上市的浪潮。他们选择分拆业务并公开上市，吸引更多资本来扩张规模已经成为重要的战略。</p>\n<p>第一，从这些分拆的公司来看，基本都是互联网科技公司，这与互联网科技行业的特点分不开的。互联网业务迭代和扩张的速度非常快，时刻都在发生改变，集团整体的组织架构已经不能满足各个业务发展的需求。</p>\n<p>第二，分拆子公司带来的市场机会，比不分拆要大很多。比如<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>分拆蚂蚁金服，不仅仅能够做自家电商体系的生意，还可以开展更多业务，比如支付宝不仅仅是作为淘宝天猫购物的第三方支付平台，还增加理财、基金、保险等多项业务，面向的是更广阔的的交易市场。</p>\n<p>而如果不分拆，在阿里巴巴原本的组织架构里是看不到蚂蚁集团在数字金融科技领域大展身手的。</p>\n<p>第三，有些集团原业务与子业务的联系相对松散，比如说新浪与新浪微博，腾讯与腾讯音乐，<a href=\"https://laohu8.com/S/02318\">中国平安</a>与平安好医生这一类，子业务并不是为了支持原有业务运营而创建的，他们是集团战略部署后的创新业务。所以分拆之后能更好的独立运营。</p>\n<p>以微博为例，新浪董事长兼CEO、微博董事长曹国伟在2014年微博上市之初解释分拆上市的原因：“微博独立上市后有了独立评估体系，新浪可以腾出手来重新规划新浪网的发展。”</p>\n<p>分拆后，新浪与微博在多个层面进行了切割，微博有了更加灵活的运营体系，也能够基于产品特点充分挖掘潜力。</p>\n<p>同样的，网易分拆网易有道，是因为有道专注于在线教育，与网易的游戏、电商、音乐业务都存在差异，分拆独立后，网易有道可以针对教育行业特点构建更适应的管理风格和组织架构。网易云音乐也是同理。</p>\n<p>第四，从资本市场来看，规则调整和政策红利是良好的催化剂，比如A股的科创板还有正在推进中的注册制，港股方面也调整了三类新经济公司进入IPO范畴等， 政策暖风的有效刺激，让科技公司加速拥抱资本市场，更好地参与国际竞争。</p>\n<p>意图分拆的原因很多，而分拆给这些公司带来的好处也不少。</p>\n<p>其一，分拆上市之后，对于子业务来说，可以建立独立的融资渠道，享受资本市场红利，外部股东往往也会成为业务合作伙伴，有助于增强子业务作为独立主体的竞争力，能够更好地发展。并且子业务独立出来后，更有利于团队管理。</p>\n<p>其二，分拆能够推动整体市值的上升。分拆前，资本市场对集团的估值是基于整体的盈利能力和发展潜力。但在分拆后，估值会增加对子公司发展潜力的评判。</p>\n<p>比如京东，每一次子业务分拆上市有新的进展，母公司京东集团都要迎来一波上涨。</p>\n<p>2014年新浪微博上市，微博的市值达到41.18亿美元，甚至超过新浪的37.78亿美元。如今微博的市值已经是新浪的4倍。</p>\n<p><a href=\"https://laohu8.com/S/00241\">阿里健康</a>于2014年上市，其市值从1002亿港元增加至3176亿港元。2020年京东健康股价在上市首日上涨超过40％，市值突破3100亿港元，一举超过阿里健康。</p>\n<p>因此，总体来看，子公司与母公司形成共振，分拆上市之后估值联动，最终都反映到控股股东集团的整体市值上，所以集团仍然是最大的受益者。并且，对于背后参与投资的资本机构来说，也能分享收益。</p>\n<p>另外，从投资者的角度来说，可以让投资者有更多追求优质标的的机会和获益的可能性。目前，京东物流的总市值已经约等于“通达系”（圆通申通中通韵达）的总和。京东物流在物流领域就是优质资产。</p>\n<p><b>FAAMG积极砸钱并购，美国巨头为何不分拆？</b></p>\n<p>对比之下，美国的互联网巨头仿佛走向了天平的另一端，不但不分拆，反而在积极并购扩张。</p>\n<p>去年疫情带来全球经济的衰退，小企业破产出局，但FAAMG却在迅速扩张，加快投资并购的步伐。</p>\n<p>去年5月，<a href=\"https://laohu8.com/S/FB\">Facebook</a>斥资4亿美元收购了一家GIF动画公司，它还在建立一个风险投资基金，用于投资有前景的初创公司。去年6月Facebook投资了东南亚的一款“超级APP”Gojek。此前不久，Facebook向印度电信巨头Reliance Jio投资了57亿美元。</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">苹果</a>去年至少收购了四家公司，并发布了新款iPhone。<a href=\"https://laohu8.com/S/MSFT\">微软</a>也收购了三家云计算公司。<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>正在洽谈收购一家自动驾驶汽车初创公司。</p>\n<p>从FAAMG的动向来看，都在大张旗鼓的收购小公司，疫情并没有阻碍前行的脚步。但从FAAMG的子业务来看，有一些已经足够独当一面，分拆上市或许有更好的前景。为何他们不选择分拆呢？</p>\n<p>美股研究社认为，主要是受到美国的反垄断调查的影响和受知识产权的限制，让这些企业只能在核心业务方面深耕。针对反垄断调查，如果巨头们破坏行业的良性竞争，挤压了中小企业的生存空间，就会消灭竞争、扼杀创新，极大地损害了美国科技领域的市场生态。</p>\n<p>并且在政策层面来看，共和党会支持垄断，但民主党上台，是通过遏制超级巨头的垄断，通过市场的竞争给予新鲜力量发展的空间，促进美国的科技与互联网取得高速的迭代式发展。因此拜登上台之后，针对FAAMG的垄断调查只会进一步加码，对于新兴互联网巨头们来说或许是蓬勃发展的机会。</p>\n<p>同时，中美两国的互联网环境不同，也造就了企业不同的选择。对比来看，美国的互联网巨头更愿意去做基础设施，打好基础才去发力上层建筑。而中国互联网企业喜欢多点开花，涉及多个领域，试图多分几杯羹。</p>\n<p>并且，国内巨头分拆时，母公司都处于成长期，分拆出于考虑发展规划、牌照、政策利好等因素，但美国科技巨头在迅速成长期是不愿意将势头正盛的子业务单独剥离的，只有在发展受困时才“忍痛割爱”，通过分拆来寻求业绩与股价的增长。</p>\n<p>实际上，美国企业也不是没有分拆的例子，比如<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>和<a href=\"https://laohu8.com/S/EBAY\">eBay</a>的分拆。eBay的分拆直接刺激了竞争对手亚马逊。当亚马逊在美国电商市场已经占有48%份额时，位居第二的eBay市场份额已下滑至6.1%。还有AT&amp;T、<a href=\"https://laohu8.com/S/HPQ\">惠普</a>的分拆，最后的结果都不太好。</p>\n<p>亚马逊CEO贝佐斯曾经提出过飞轮效应，指的是一个公司的各个业务模块之间，会有机地相互推动，就像咬合的齿轮一样互相带动。</p>\n<p>以亚马逊的云业务AWS为例，目前AWS是全球云计算的巨头，全球市场份额占比近半。AWS 的CEO安迪·杰西表示目前并没有从亚马逊分拆的计划。如果亚马逊将云业务分拆为一个独立的实体，将意味着亚马逊的云服务和其他业务将面临不同的财务状况。并且这会分散亚马逊的精力。在他看来，AWS是一项可独立运营的业务，其客户基础和领导团队与消费者业务都不相同。亚马逊的消费者和零售业务是AWS的大客户，对AWS的帮助巨大。亚马逊非常清楚，一个真正的大公司可以从在自己基础设施运行的工作负载中提取出宝贵的性能数据。</p>\n<p>因此，不管是受市值或利益的推动，还是受反垄断法的牵制，美国各个行业的企业都鲜少分拆，并且分拆后的企业极难有令人欣慰的结果。中国科技巨头的分拆，像是把面团切成很多块再慢慢揉搓变大，而美国却专注于把一张饼越摊越大。对于巨头的发展而言，不管是分拆还是并购，不需要判断孰好孰坏，都是不同背景下根据自身发展做出的最佳选择。</p>","source":"mgyjs","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>分拆向左，并购向右，为何中美互联网巨头走向天平的两端？</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\">\n分拆向左，并购向右，为何中美互联网巨头走向天平的两端？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-30 11:35 北京时间&nbsp;&nbsp;&nbsp;<a href=https://36kr.com/p/1243919906621696><strong>美股研究社</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近期，网易云音乐和京东物流的接连上市，让我们看到了一个有意思的现象：中国的互联网大厂都在分拆业务，单独上市。但是纵观美国巨头FAAMG，不但没有走上分拆之路，反而大手笔砸钱开展并购。\n为何中美两国的企业有这样的差异？分拆与不分拆，都是出于什么考量？背后的原因究竟是什么？\n\n网易分拆网易云音乐赴港上市 中国互联网巨头忙分拆\n5月26日，网易宣布计划分拆网易云音乐业务，将在港股独立上市。这意味着...</p>\n\n<a href=\"https://36kr.com/p/1243919906621696\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/51aa3b9eeac8e58fa89c06cdf21d1385","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","AAPL":"苹果","AMZN":"亚马逊"},"source_url":"https://36kr.com/p/1243919906621696","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151377509","content_text":"近期，网易云音乐和京东物流的接连上市，让我们看到了一个有意思的现象：中国的互联网大厂都在分拆业务，单独上市。但是纵观美国巨头FAAMG，不但没有走上分拆之路，反而大手笔砸钱开展并购。\n为何中美两国的企业有这样的差异？分拆与不分拆，都是出于什么考量？背后的原因究竟是什么？\n\n网易分拆网易云音乐赴港上市 中国互联网巨头忙分拆\n5月26日，网易宣布计划分拆网易云音乐业务，将在港股独立上市。这意味着腾讯音乐和网易云将展开巨头争霸时代。\n除了网易云之外，2019年10月，网易分拆的网易有道于纽交所上市。在此之前的2016年，网易分拆新闻业务融资3亿美元，计划分拆后专注于核心的在线游戏业务。\n就在前不久，京东物流也通过港交所聆讯，计划5月28日在港上市。京东物流正式开启港股IPO征程之后，京东集团的分拆上市大计成功了三个——另外两家是京东健康和京东数科。\n京东健康在2020年12月8日登录港交所，上市大涨超过40%，京东数科今年年初寻求A股科创板上市，但受到政策收紧的影响暂缓IPO计划。\n分拆上市，在我国互联网大厂里只是基本操作，十分常见。\n2012年，阿里将支付宝从体系内分拆，2020年蚂蚁集团通过科创板上市申请，虽然目前暂时被搁置；\n2014年3月，从新浪拆分出来的新浪微博赴美递交招股书，成功上市；\n2016年7月，腾讯旗下QQ音乐与海洋音乐合并成立新的音乐集团腾讯音乐，合并并独立分拆后，腾讯音乐于2018年12月成功登陆纽交所。\n2017年11月，从搜狐分拆出来7年之久的搜狗，也在纽交所挂牌上市。张朝阳当初分拆的目的就是为了让搜狗上市。除了搜狗以外，搜狐还有一家分拆上市的公司——2009年上市的畅游。\n与搜狗上市差不多的时间节点，腾讯分拆阅文集团在港上市，这是我国最大的网上文学平台。\n2018年，中国平安集团旗下互联网医疗板块平安好医生独立在港股上市。\n近几年字节跳动也分拆了抖音，百度方面也在计划分拆小度和百度网盘，小米也计划分拆小米金融，都是为IPO做准备......\n案例比比皆是，不胜枚举。为何中概股企业都喜欢将业务分拆上市？如何看待分拆上市的现象？\n化整为零拓宽融资渠道，分拆子公司提高集团整体市值\n美股研究社认为，国内的企业，尤其是互联网行业的大厂，早已进入分拆上市的浪潮。他们选择分拆业务并公开上市，吸引更多资本来扩张规模已经成为重要的战略。\n第一，从这些分拆的公司来看，基本都是互联网科技公司，这与互联网科技行业的特点分不开的。互联网业务迭代和扩张的速度非常快，时刻都在发生改变，集团整体的组织架构已经不能满足各个业务发展的需求。\n第二，分拆子公司带来的市场机会，比不分拆要大很多。比如阿里巴巴分拆蚂蚁金服，不仅仅能够做自家电商体系的生意，还可以开展更多业务，比如支付宝不仅仅是作为淘宝天猫购物的第三方支付平台，还增加理财、基金、保险等多项业务，面向的是更广阔的的交易市场。\n而如果不分拆，在阿里巴巴原本的组织架构里是看不到蚂蚁集团在数字金融科技领域大展身手的。\n第三，有些集团原业务与子业务的联系相对松散，比如说新浪与新浪微博，腾讯与腾讯音乐，中国平安与平安好医生这一类，子业务并不是为了支持原有业务运营而创建的，他们是集团战略部署后的创新业务。所以分拆之后能更好的独立运营。\n以微博为例，新浪董事长兼CEO、微博董事长曹国伟在2014年微博上市之初解释分拆上市的原因：“微博独立上市后有了独立评估体系，新浪可以腾出手来重新规划新浪网的发展。”\n分拆后，新浪与微博在多个层面进行了切割，微博有了更加灵活的运营体系，也能够基于产品特点充分挖掘潜力。\n同样的，网易分拆网易有道，是因为有道专注于在线教育，与网易的游戏、电商、音乐业务都存在差异，分拆独立后，网易有道可以针对教育行业特点构建更适应的管理风格和组织架构。网易云音乐也是同理。\n第四，从资本市场来看，规则调整和政策红利是良好的催化剂，比如A股的科创板还有正在推进中的注册制，港股方面也调整了三类新经济公司进入IPO范畴等， 政策暖风的有效刺激，让科技公司加速拥抱资本市场，更好地参与国际竞争。\n意图分拆的原因很多，而分拆给这些公司带来的好处也不少。\n其一，分拆上市之后，对于子业务来说，可以建立独立的融资渠道，享受资本市场红利，外部股东往往也会成为业务合作伙伴，有助于增强子业务作为独立主体的竞争力，能够更好地发展。并且子业务独立出来后，更有利于团队管理。\n其二，分拆能够推动整体市值的上升。分拆前，资本市场对集团的估值是基于整体的盈利能力和发展潜力。但在分拆后，估值会增加对子公司发展潜力的评判。\n比如京东，每一次子业务分拆上市有新的进展，母公司京东集团都要迎来一波上涨。\n2014年新浪微博上市，微博的市值达到41.18亿美元，甚至超过新浪的37.78亿美元。如今微博的市值已经是新浪的4倍。\n阿里健康于2014年上市，其市值从1002亿港元增加至3176亿港元。2020年京东健康股价在上市首日上涨超过40％，市值突破3100亿港元，一举超过阿里健康。\n因此，总体来看，子公司与母公司形成共振，分拆上市之后估值联动，最终都反映到控股股东集团的整体市值上，所以集团仍然是最大的受益者。并且，对于背后参与投资的资本机构来说，也能分享收益。\n另外，从投资者的角度来说，可以让投资者有更多追求优质标的的机会和获益的可能性。目前，京东物流的总市值已经约等于“通达系”（圆通申通中通韵达）的总和。京东物流在物流领域就是优质资产。\nFAAMG积极砸钱并购，美国巨头为何不分拆？\n对比之下，美国的互联网巨头仿佛走向了天平的另一端，不但不分拆，反而在积极并购扩张。\n去年疫情带来全球经济的衰退，小企业破产出局，但FAAMG却在迅速扩张，加快投资并购的步伐。\n去年5月，Facebook斥资4亿美元收购了一家GIF动画公司，它还在建立一个风险投资基金，用于投资有前景的初创公司。去年6月Facebook投资了东南亚的一款“超级APP”Gojek。此前不久，Facebook向印度电信巨头Reliance Jio投资了57亿美元。\n苹果去年至少收购了四家公司，并发布了新款iPhone。微软也收购了三家云计算公司。亚马逊正在洽谈收购一家自动驾驶汽车初创公司。\n从FAAMG的动向来看，都在大张旗鼓的收购小公司，疫情并没有阻碍前行的脚步。但从FAAMG的子业务来看，有一些已经足够独当一面，分拆上市或许有更好的前景。为何他们不选择分拆呢？\n美股研究社认为，主要是受到美国的反垄断调查的影响和受知识产权的限制，让这些企业只能在核心业务方面深耕。针对反垄断调查，如果巨头们破坏行业的良性竞争，挤压了中小企业的生存空间，就会消灭竞争、扼杀创新，极大地损害了美国科技领域的市场生态。\n并且在政策层面来看，共和党会支持垄断，但民主党上台，是通过遏制超级巨头的垄断，通过市场的竞争给予新鲜力量发展的空间，促进美国的科技与互联网取得高速的迭代式发展。因此拜登上台之后，针对FAAMG的垄断调查只会进一步加码，对于新兴互联网巨头们来说或许是蓬勃发展的机会。\n同时，中美两国的互联网环境不同，也造就了企业不同的选择。对比来看，美国的互联网巨头更愿意去做基础设施，打好基础才去发力上层建筑。而中国互联网企业喜欢多点开花，涉及多个领域，试图多分几杯羹。\n并且，国内巨头分拆时，母公司都处于成长期，分拆出于考虑发展规划、牌照、政策利好等因素，但美国科技巨头在迅速成长期是不愿意将势头正盛的子业务单独剥离的，只有在发展受困时才“忍痛割爱”，通过分拆来寻求业绩与股价的增长。\n实际上，美国企业也不是没有分拆的例子，比如PayPal和eBay的分拆。eBay的分拆直接刺激了竞争对手亚马逊。当亚马逊在美国电商市场已经占有48%份额时，位居第二的eBay市场份额已下滑至6.1%。还有AT&T、惠普的分拆，最后的结果都不太好。\n亚马逊CEO贝佐斯曾经提出过飞轮效应，指的是一个公司的各个业务模块之间，会有机地相互推动，就像咬合的齿轮一样互相带动。\n以亚马逊的云业务AWS为例，目前AWS是全球云计算的巨头，全球市场份额占比近半。AWS 的CEO安迪·杰西表示目前并没有从亚马逊分拆的计划。如果亚马逊将云业务分拆为一个独立的实体，将意味着亚马逊的云服务和其他业务将面临不同的财务状况。并且这会分散亚马逊的精力。在他看来，AWS是一项可独立运营的业务，其客户基础和领导团队与消费者业务都不相同。亚马逊的消费者和零售业务是AWS的大客户，对AWS的帮助巨大。亚马逊非常清楚，一个真正的大公司可以从在自己基础设施运行的工作负载中提取出宝贵的性能数据。\n因此，不管是受市值或利益的推动，还是受反垄断法的牵制，美国各个行业的企业都鲜少分拆，并且分拆后的企业极难有令人欣慰的结果。中国科技巨头的分拆，像是把面团切成很多块再慢慢揉搓变大，而美国却专注于把一张饼越摊越大。对于巨头的发展而言，不管是分拆还是并购，不需要判断孰好孰坏，都是不同背景下根据自身发展做出的最佳选择。","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135705174,"gmtCreate":1622181430398,"gmtModify":1704181022633,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135705174","repostId":"1130424152","repostType":4,"repost":{"id":"1130424152","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1622171495,"share":"https://www.laohu8.com/m/news/1130424152?lang=&edition=full","pubTime":"2021-05-28 11:11","market":"us","language":"zh","title":"散户再次逼空！除了GME和AMC，他们还在买什么","url":"https://stock-news.laohu8.com/highlight/detail?id=1130424152","media":"华尔街见闻","summary":"周四，美国连锁影院AMC股价再度飙升35%，创近四年新高。","content":"<p>作者：林菁扬</p><p>周四，美国连锁影院AMC股价再度飙升35%，创近四年新高；电子游戏零售商GME也再涨5%，BioCryst、Roblox、<a href=\"https://laohu8.com/S/BBRY\">黑莓</a>继续走高。过去五天，GME和AMC已分别大涨48%和110%。</p><p><img src=\"https://static.tigerbbs.com/d9e388aac59a8b09ac14bd9977904ab1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>上周社群媒体疯传GME与AMC做空消息后，散户再次集结大举买进。四个月前美股散户“逼空大战”犹在眼前，如今似又卷土重来。</p><p>据<a href=\"https://laohu8.com/S/GS\">高盛</a>，5月12日以来，“散户最爱”股票收益率已超出大盘5%，而3月中旬随着“散户逼空战”熄火，此类小型股表现一度落后大盘8%，情势明显逆转。</p><p>被散户相中的远不止GME和AMC两只股票。该行罗列了50只周三散户交易最活跃的小型股，如下表所示：</p><p><img src=\"https://static.tigerbbs.com/3117aebfa949da6aff119f61c827840f\" tg-width=\"500\" tg-height=\"726\" referrerpolicy=\"no-referrer\"></p><p>下表则展示了期权交易活跃度最高的小型股：</p><p><img src=\"https://static.tigerbbs.com/e11d7f476bc646e0e14478673ecc616a\" tg-width=\"500\" tg-height=\"714\" referrerpolicy=\"no-referrer\"></p><p>分析师表示，由于加密货币市场近期震荡不断，本月大部分散户失去“炒币”激情，重新进入股市以寻求收益。Reddit的WallStreetBets论坛之类的平台给散户提供了持续的热情来源。</p><p>S3 Partners的Ihor Dusaniwsky称，AMC和GME的空头挤兑情况已经达到了最高，而AMC本周的反弹将逼空的可能性推得更高。据彭博统计，AMC在5月26日的期权成交量达到了160万份，与2月25日并列历史最高。</p><p><img src=\"https://static.tigerbbs.com/1cbb9b127d2494ab0c6ae7913d0c8bd8\" tg-width=\"1060\" tg-height=\"577\" referrerpolicy=\"no-referrer\"></p><p>另一边，做空者再次经历钻心之痛。根据S3 Partners的数据显示，AMC股票的空头截止5月26日的今年累计亏损已经超过13亿美元，其中单单26日一天的亏损就达到2.91亿美元。</p><p>近日，CNBC主持人、美国股市评论员Jim Cramer表示，那些仍然试图做空<a href=\"https://laohu8.com/S/GME\">游戏驿站</a>和AMC的投资者都是疯了，WallStreetBets的散户太强势了，现在试图做空只会给他们更多的弹药。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>散户再次逼空！除了GME和AMC，他们还在买什么</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\">\n散户再次逼空！除了GME和AMC，他们还在买什么\n</h2>\n\n<h4 class=\"meta\">\n\n2021-05-28 11:11 北京时间&nbsp;&nbsp;&nbsp;<strong>华尔街见闻</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者：林菁扬周四，美国连锁影院AMC股价再度飙升35%，创近四年新高；电子游戏零售商GME也再涨5%，BioCryst、Roblox、黑莓继续走高。过去五天，GME和AMC已分别大涨48%和110%。上周社群媒体疯传GME与AMC做空消息后，散户再次集结大举买进。四个月前美股散户“逼空大战”犹在眼前，如今似又卷土重来。据高盛，5月12日以来，“散户最爱”股票收益率已超出大盘5%，而3月中旬随着“...</p>\n\n<a href=\"None\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9799452c6e883af5f4b9930336873099","relate_stocks":{"AMC":"AMC院线","GME":"游戏驿站"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130424152","content_text":"作者：林菁扬周四，美国连锁影院AMC股价再度飙升35%，创近四年新高；电子游戏零售商GME也再涨5%，BioCryst、Roblox、黑莓继续走高。过去五天，GME和AMC已分别大涨48%和110%。上周社群媒体疯传GME与AMC做空消息后，散户再次集结大举买进。四个月前美股散户“逼空大战”犹在眼前，如今似又卷土重来。据高盛，5月12日以来，“散户最爱”股票收益率已超出大盘5%，而3月中旬随着“散户逼空战”熄火，此类小型股表现一度落后大盘8%，情势明显逆转。被散户相中的远不止GME和AMC两只股票。该行罗列了50只周三散户交易最活跃的小型股，如下表所示：下表则展示了期权交易活跃度最高的小型股：分析师表示，由于加密货币市场近期震荡不断，本月大部分散户失去“炒币”激情，重新进入股市以寻求收益。Reddit的WallStreetBets论坛之类的平台给散户提供了持续的热情来源。S3 Partners的Ihor Dusaniwsky称，AMC和GME的空头挤兑情况已经达到了最高，而AMC本周的反弹将逼空的可能性推得更高。据彭博统计，AMC在5月26日的期权成交量达到了160万份，与2月25日并列历史最高。另一边，做空者再次经历钻心之痛。根据S3 Partners的数据显示，AMC股票的空头截止5月26日的今年累计亏损已经超过13亿美元，其中单单26日一天的亏损就达到2.91亿美元。近日，CNBC主持人、美国股市评论员Jim Cramer表示，那些仍然试图做空游戏驿站和AMC的投资者都是疯了，WallStreetBets的散户太强势了，现在试图做空只会给他们更多的弹药。","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136183539,"gmtCreate":1621999241421,"gmtModify":1704365796819,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/136183539","repostId":"1106894116","repostType":4,"repost":{"id":"1106894116","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621999122,"share":"https://www.laohu8.com/m/news/1106894116?lang=&edition=full","pubTime":"2021-05-26 11:18","market":"us","language":"zh","title":"在岸人民币兑美元升破6.4关口，为2018年6月来首次","url":"https://stock-news.laohu8.com/highlight/detail?id=1106894116","media":"老虎资讯综合","summary":"据中国货币网报价，在岸人民币兑美元升破6.4关口，为2018年6月来首次。","content":"<p>据中国货币网报价，在岸人民币兑美元升破6.4关口，为2018年6月来首次。 </p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>在岸人民币兑美元升破6.4关口，为2018年6月来首次</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\">\n在岸人民币兑美元升破6.4关口，为2018年6月来首次\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-05-26 11:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>据中国货币网报价，在岸人民币兑美元升破6.4关口，为2018年6月来首次。 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02:22","market":"us","language":"zh","title":"知乎IPO发行价区间9.5-11.5美元，最高融资额超10亿美金","url":"https://stock-news.laohu8.com/highlight/detail?id=2120223114","media":"新浪科技","summary":"知乎此次公开发行将同步进行私募配售，最高融资额超过10亿美金。知乎将以每股ADS9.5至11.5美元的价格，公开发行5500万股ADS，每股ADS对应0.5股A类普通股。截至2020年12月31日，知乎累计拥有4310万内容创作者，已贡献3.53亿条内容，其中包括3.15亿个问答。知乎于3月5日首次向美国证券交易委员会提交了IPO申请，计划登陆纽约证券交易所，证券代码为“ZH”，由瑞信、高盛、摩根大通担任主承销商。","content":"<p><img src=\"https://static.tigerbbs.com/d5d054f3ce622439a28ec91bb74049bb\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>打新入口：</b><a href=\"https://www.tigersecurities.com/login?next=https%3A%2F%2Fwww.itiger.com%2Fmi%2Fipo%3Ff%3Dshare%26share%3DWechat\" target=\"_blank\"><b>知乎新股申购</b></a><b></b></p><p>美东时间3月19日，中国最大的问答式在线社区<a href=\"https://laohu8.com/S/ZH\">知乎</a>向美国证券交易委员会（SEC）更新F-1招股文件，计划以“ZH”为代码在纽约证券交易所挂牌上市。</p><p>知乎此次公开发行将同步进行私募配售（CPP），最高融资额超过10亿美金。</p><p>知乎将以每股ADS（美国存托证券）9.5至11.5美元的价格，公开发行5500万股ADS（行使超额配股权前），每股ADS对应0.5股A类普通股。瑞信、<a href=\"https://laohu8.com/S/GS\">高盛</a>、<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>担任此次上市主承销商，并享有825万股ADS的超额配售权。</p><p>知乎更新的招股书显示，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>、<a href=\"https://laohu8.com/S/JD\">京东</a>、<a href=\"https://laohu8.com/S/00700\">腾讯</a>、Lilith Games一并参与此次私募配售，合计认购2.5亿美元等值股份。顶级科技公司的引入，无疑体现了市场对知乎内容战略价值和未来发展的坚定信心，以及对知乎长期投资价值的认同。</p><p>作为中国最大的问答式在线社区，以及中国前五大综合在线内容社区之一，知乎在中文互联网内容赛道上独树一帜，被认为是最具有特点和稀缺性的标的。</p><p>高质量内容使得知乎以低成本迅速扩展用户群体，同时保持较高的用户参与度和忠诚度。知乎招股书显示，2020年第四季度知乎平均月活用户数达7570万，同比增长33%。截至2020年12月31日，知乎累计拥有4310万内容创作者，已贡献3.53亿条内容，其中包括3.15亿个问答。</p><p><img src=\"https://static.tigerbbs.com/362ba7d1a024b4d636014b7792ba8eaf\" tg-width=\"630\" tg-height=\"333\" referrerpolicy=\"no-referrer\"></p><p>2020年知乎总营收为13.52亿，相比2019年营收6.71亿，同比增长101.7%，实现连续四个季度的营收增长，并在多个变现渠道上体现了巨大的增长前景。知乎目前主要变现途径为线上广告、付费会员、商业内容解决方案以及其他服务（在线教育、电商），知乎在内容赛道上还体现了极强的外张力，更提供广阔的变现渠道想象空间。</p><p><img src=\"https://static.tigerbbs.com/933170496a431c38a928ab1b4ffecddb\" tg-width=\"630\" tg-height=\"417\" referrerpolicy=\"no-referrer\"></p><p>知乎于3月5日首次向美国证券交易委员会提交了IPO申请，计划登陆纽约证券交易所，证券代码为“ZH”，由瑞信、高盛、摩根大通担任主承销商。更新后的招股书披露，知乎计划将此次募集所得款项用于产品和服务的开发、营销和用户的增长、研究与开发技术，以及一般公司用途，包括潜在的战略投资和收购。</p><p>知乎成立于2010年，聚集了中文互联网科技、商业、影视、时尚、文化等领域极具创造力的人群。根据CIC的调查，就2020年平均移动月活用户和收入而言，知乎是中国最大的问答式在线社区，也是中国前五大综合在线内容社区之一。</p>","source":"sina_tech","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>知乎IPO发行价区间9.5-11.5美元，最高融资额超10亿美金</title>\n<style 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href=https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-03-20/doc-ikkntiam5672814.shtml><strong>新浪科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>打新入口：知乎新股申购美东时间3月19日，中国最大的问答式在线社区知乎向美国证券交易委员会（SEC）更新F-1招股文件，计划以“ZH”为代码在纽约证券交易所挂牌上市。知乎此次公开发行将同步进行私募配售（CPP），最高融资额超过10亿美金。知乎将以每股ADS（美国存托证券）9.5至11.5美元的价格，公开发行5500万股ADS（行使超额配股权前），每股ADS对应0.5股A类普通股。瑞信、高盛、...</p>\n\n<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-03-20/doc-ikkntiam5672814.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d5d054f3ce622439a28ec91bb74049bb","relate_stocks":{"ZH":"知乎"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-03-20/doc-ikkntiam5672814.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120223114","content_text":"打新入口：知乎新股申购美东时间3月19日，中国最大的问答式在线社区知乎向美国证券交易委员会（SEC）更新F-1招股文件，计划以“ZH”为代码在纽约证券交易所挂牌上市。知乎此次公开发行将同步进行私募配售（CPP），最高融资额超过10亿美金。知乎将以每股ADS（美国存托证券）9.5至11.5美元的价格，公开发行5500万股ADS（行使超额配股权前），每股ADS对应0.5股A类普通股。瑞信、高盛、摩根大通担任此次上市主承销商，并享有825万股ADS的超额配售权。知乎更新的招股书显示，阿里巴巴、京东、腾讯、Lilith Games一并参与此次私募配售，合计认购2.5亿美元等值股份。顶级科技公司的引入，无疑体现了市场对知乎内容战略价值和未来发展的坚定信心，以及对知乎长期投资价值的认同。作为中国最大的问答式在线社区，以及中国前五大综合在线内容社区之一，知乎在中文互联网内容赛道上独树一帜，被认为是最具有特点和稀缺性的标的。高质量内容使得知乎以低成本迅速扩展用户群体，同时保持较高的用户参与度和忠诚度。知乎招股书显示，2020年第四季度知乎平均月活用户数达7570万，同比增长33%。截至2020年12月31日，知乎累计拥有4310万内容创作者，已贡献3.53亿条内容，其中包括3.15亿个问答。2020年知乎总营收为13.52亿，相比2019年营收6.71亿，同比增长101.7%，实现连续四个季度的营收增长，并在多个变现渠道上体现了巨大的增长前景。知乎目前主要变现途径为线上广告、付费会员、商业内容解决方案以及其他服务（在线教育、电商），知乎在内容赛道上还体现了极强的外张力，更提供广阔的变现渠道想象空间。知乎于3月5日首次向美国证券交易委员会提交了IPO申请，计划登陆纽约证券交易所，证券代码为“ZH”，由瑞信、高盛、摩根大通担任主承销商。更新后的招股书披露，知乎计划将此次募集所得款项用于产品和服务的开发、营销和用户的增长、研究与开发技术，以及一般公司用途，包括潜在的战略投资和收购。知乎成立于2010年，聚集了中文互联网科技、商业、影视、时尚、文化等领域极具创造力的人群。根据CIC的调查，就2020年平均移动月活用户和收入而言，知乎是中国最大的问答式在线社区，也是中国前五大综合在线内容社区之一。","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":9,"crmLevelSwitch":1},"content":"Reply bro","text":"Reply bro","html":"Reply bro"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198344629,"gmtCreate":1620940434961,"gmtModify":1704350708610,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/198344629","repostId":"1162795644","repostType":4,"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":9,"crmLevelSwitch":1},"content":"But when is the dip? Deeper and Deeper [Cry]","text":"But when is the dip? Deeper and Deeper [Cry]","html":"But when is the dip? Deeper and Deeper [Cry]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349860196,"gmtCreate":1617588825615,"gmtModify":1704700606103,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/349860196","repostId":"2124275783","repostType":4,"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124121799,"gmtCreate":1624754683111,"gmtModify":1703844391717,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/124121799","repostId":"1181161116","repostType":4,"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":9,"crmLevelSwitch":1},"content":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]","text":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]","html":"The current market is really contradictory. Too many people feel guilty and want to sell. If they fall, they want to take a long-term line and can't do it. [LOL], [LOL] and [LOL]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136183539,"gmtCreate":1621999241421,"gmtModify":1704365796819,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/136183539","repostId":"1106894116","repostType":4,"repost":{"id":"1106894116","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621999122,"share":"https://www.laohu8.com/m/news/1106894116?lang=&edition=full","pubTime":"2021-05-26 11:18","market":"us","language":"zh","title":"在岸人民币兑美元升破6.4关口，为2018年6月来首次","url":"https://stock-news.laohu8.com/highlight/detail?id=1106894116","media":"老虎资讯综合","summary":"据中国货币网报价，在岸人民币兑美元升破6.4关口，为2018年6月来首次。","content":"<p>据中国货币网报价，在岸人民币兑美元升破6.4关口，为2018年6月来首次。 </p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>在岸人民币兑美元升破6.4关口，为2018年6月来首次</title>\n<style 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</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/16d1fa6e9b69c5975060146f6c797ee5","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106894116","content_text":"据中国货币网报价，在岸人民币兑美元升破6.4关口，为2018年6月来首次。","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381764561,"gmtCreate":1612991051253,"gmtModify":1704877100582,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Quest","listText":"Quest","text":"Quest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/381764561","isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574500206068120","authorId":"3574500206068120","name":"Kenwen","avatar":"https://static.tigerbbs.com/0e40d46e852addbb8143debd4343a58c","crmLevel":9,"crmLevelSwitch":1},"content":"Comment my post pls thank you","text":"Comment my post pls thank you","html":"Comment my post pls thank you"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354310038,"gmtCreate":1617141546624,"gmtModify":1704696270282,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/354310038","repostId":"2123421823","repostType":4,"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112157179,"gmtCreate":1622857407491,"gmtModify":1704192504043,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/112157179","repostId":"2141400304","repostType":4,"repost":{"id":"2141400304","pubTimestamp":1622854462,"share":"https://www.laohu8.com/m/news/2141400304?lang=&edition=full","pubTime":"2021-06-05 08:54","market":"us","language":"zh","title":"微软160亿美元收购Nuance已获美国反垄断许可","url":"https://stock-news.laohu8.com/highlight/detail?id=2141400304","media":"新浪科技","summary":"北京时间6月5日上午消息，据报道，根据最近人工智能与语音技术公司Nuance向政府提交的文件，微软收购Nuance的这笔交易，已经获得美国的反垄断许可。今年四月份，微软正式公开了这笔160亿美元的交易","content":"<p>北京时间6月5日上午消息，据报道，根据最近人工智能与语音技术公司Nuance向政府提交的文件，<a href=\"https://laohu8.com/S/MSFT\">微软</a>收购Nuance的这笔交易，已经获得美国的反垄断许可。</p><p>今年四月份，微软正式公开了这笔160亿美元的交易。在此之前，两家公司已经在2019年就自动化医疗管理工作（比如文件归档等）进行合作。</p><p>在周五提交给美国证券交易委员会的文件中，Nuance表示，美国政府对该交易提出反对的截止日期为6月1日。Nuance称，该日期到期“满足了完成交易的条件之一”。</p><p>微软发言人之前在一份声明中表示，其他司法管辖区的监管机构正在审查这笔收购交易，并预期交易将于2021年底完成。</p>","source":"sina_tech","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\" 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href=https://tech.sina.cn/i/gj/2021-06-05/detail-ikqcfnaz9207589.d.html?vt=4><strong>新浪科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>北京时间6月5日上午消息，据报道，根据最近人工智能与语音技术公司Nuance向政府提交的文件，微软收购Nuance的这笔交易，已经获得美国的反垄断许可。今年四月份，微软正式公开了这笔160亿美元的交易。在此之前，两家公司已经在2019年就自动化医疗管理工作（比如文件归档等）进行合作。在周五提交给美国证券交易委员会的文件中，Nuance表示，美国政府对该交易提出反对的截止日期为6月1日。Nuance...</p>\n\n<a href=\"https://tech.sina.cn/i/gj/2021-06-05/detail-ikqcfnaz9207589.d.html?vt=4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/055c7812061d918cb8dbc486a1ec6b48","relate_stocks":{"MSFT":"微软"},"source_url":"https://tech.sina.cn/i/gj/2021-06-05/detail-ikqcfnaz9207589.d.html?vt=4","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141400304","content_text":"北京时间6月5日上午消息，据报道，根据最近人工智能与语音技术公司Nuance向政府提交的文件，微软收购Nuance的这笔交易，已经获得美国的反垄断许可。今年四月份，微软正式公开了这笔160亿美元的交易。在此之前，两家公司已经在2019年就自动化医疗管理工作（比如文件归档等）进行合作。在周五提交给美国证券交易委员会的文件中，Nuance表示，美国政府对该交易提出反对的截止日期为6月1日。Nuance称，该日期到期“满足了完成交易的条件之一”。微软发言人之前在一份声明中表示，其他司法管辖区的监管机构正在审查这笔收购交易，并预期交易将于2021年底完成。","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118706512,"gmtCreate":1622760522336,"gmtModify":1704190480122,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/118706512","repostId":"1135014295","repostType":4,"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195425334,"gmtCreate":1621309738128,"gmtModify":1704355566994,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/195425334","repostId":"2136578469","repostType":4,"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343968580,"gmtCreate":1617670163040,"gmtModify":1704701559663,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/343968580","repostId":"2125290764","repostType":4,"isVote":1,"tweetType":1,"viewCount":43,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364084730,"gmtCreate":1614785479820,"gmtModify":1704775270419,"author":{"id":"3571363097076123","authorId":"3571363097076123","name":"Terrens","avatar":"https://static.tigerbbs.com/3de224a4ccb02f0dbcea7ad782bfd855","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"?????","listText":"?????","text":"?????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/364084730","repostId":"364082865","repostType":1,"repost":{"id":364082865,"gmtCreate":1614785339253,"gmtModify":1704775267299,"author":{"id":"3527667586584720","authorId":"3527667586584720","name":"小虎综合资讯","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"U.S. stocks slip as economic data disappoints and bond yields spike","htmlText":"(March 3)&nbsp;U.S. stocks slip Wednesday, as a jobs report showed weaker-than-expected recovery from the ** pandemic as the vaccine rollout accelerates.","listText":"(March 3)&nbsp;U.S. stocks slip Wednesday, as a jobs report showed weaker-than-expected recovery from the ** pandemic as the vaccine rollout accelerates.","text":"(March 3) U.S. stocks slip Wednesday, as a jobs report showed weaker-than-expected recovery from the ** pandemic as the vaccine rollout 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