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2021-06-24

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China Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period and it will be difficult to return to normal in the

2021-06-24

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XPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.

2021-06-24

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Big reveal: Windows 11 is coming tonight! What updates can we see?

2021-06-24

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Opening: Nasdaq and S&P 500 hit new highs! Technology stocks continue their strong performance

2021-06-24

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Chinese concept education stocks rebounded collectively, with Gaotu rising over 7%.

2021-06-24

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Tesla shares rose more than 5%, and the Model 3 and Model Y may sell out in the US.

2021-06-21

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Missing out on SaaS is missing out on this era.

2021-06-21

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Evergrande transfers controlling stake in Jia Kai City, with Xu Jiayin's old friend taking over.

2021-06-21

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Cryptocurrency prices plummeted, with several banks declaring they would not conduct related business.

2021-06-21

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Baidu manufactures cars, while Geely "works for them".

2021-06-21

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Why is hair transplantation so expensive? Yonghe Medical's prospectus reveals "secrets"

2021-06-21

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The new energy pattern is undecided, will they be the next CATL era?

2021-06-21

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Sorry, the original content has been removed

2021-06-18

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Sorry, the original content has been removed

2021-06-18

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Launching Plan B: ByteDance's true thoughts and strategies

2021-06-18

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Quiet 618: What's changing?

2021-06-18

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Sorry, the original content has been removed

2021-06-18

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Pre-market: The "Four Witches' Day" is here again! The US stock market is going to be interesting tonight!

Go to Tiger App to see more news

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19:09","market":"hk","language":"zh","title":"China Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period and it will be difficult to return to normal in the","url":"https://stock-news.laohu8.com/highlight/detail?id=1144044065","media":"新浪财经","summary":"这次疫情至少是自第二次世界大战以来对全球经济、人类社会最大的一次冲击。","content":"<p>The 2021 Caixin Summer Summit was held in Beijing from June 23-25, 2021. Yu Xuejun, a leader of the China Banking and Insurance Regulatory Commission, attended and delivered a speech.</p><p>Yu Xuejun stated that the global economy is in a sensitive period of evolution and change, and it is difficult to return to normal in the short term.</p><p>He explained that, firstly, the complexity and sensitivity facing the global economy this year were caused by the outbreak and spread of the COVID-19 pandemic last year, \"and the impact was too great.\" He cited a UN report stating that this was \"the worst global economic contraction since the Great Depression of the 1930s, a contraction 2.5 times the degree of the 2009 international financial crisis.\" He added,</p><p>\"From our memory, this pandemic has been the biggest shock to the global economy and human society since at least World War II.\" Last year, the global economy contracted by 4.4% overall. Thanks to China's good control of the epidemic and its combined efforts in epidemic prevention and economic work, the country resumed work and production effectively, making it the only country among the world's top ten economies to achieve positive growth, with an annual economic growth of 2.3%. Yu Xuejun said,</p><p>\"This (growth) of 2.3% is very well-known now. We see it on TV, in newspapers, and even some foreign scholars often mention 2.3%.\" Second, due to the rare impact of the COVID-19 pandemic on the global economy, governments around the world have generally implemented ultra-loose stimulus economic policies. Historically, these policies are unprecedented in intensity and have played an important role in stabilizing the economies and maintaining social order in various countries. However, at the same time, these ultra-loose policies have also brought many problems.</p><p>Third, the changes and impacts of global geopolitics.</p><p>Yu Xuejun stated that the key to controlling the epidemic lies in the research and development and administration of vaccines. All countries hope to achieve this in one fell swoop, but progress is now very fast, far exceeding people's previous expectations. How things will change in the future depends on two factors. One is the effectiveness of the vaccine, including its shelf life, which remains to be seen.</p><p>Second, the speed and complexity of the COVID-19 virus mutation. “In the past, when we were doing banking supervision, we often said, ‘Regulation is a race against risk.’ Today, we are borrowing this saying. We believe that fighting the COVID-19 pandemic is actually a race against the mutations of the virus,” he said. Overall, the situation in humanity’s fight against the COVID-19 pandemic has become bright, and it now seems to be dominated by optimism. He believes that the negative impact on the economy will gradually weaken.</p><p>When discussing the future of ultra-loose stimulus policies, Yu Xuejun analyzed the situation in the United States.</p><p>Last year, during the Trump administration, after the widespread spread of COVID-19 in the United States, the Federal Reserve lowered the Federal Reserve interest rate from 1.5%-1.75% to 0% to 0.25% in mid-March, the so-called \"zero interest rate\". At the end of the year, the Federal Reserve intensified its QE policy, increasing its bond purchases to $120 billion per month starting in December.</p><p>Since taking office, President Biden has further increased fiscal stimulus policies, most notably the $1.9 trillion COVID-19 relief bill passed in April of this year. In addition, he proposed a plan to revive infrastructure investment. The initial proposal was for a scale of 2.25 trillion, but it has recently been reduced to approximately $1 trillion.</p><p>Since last year, the Federal Reserve has implemented an ultra-loose monetary policy, which has led to a significant increase in its balance sheet, which has surged from about $4 trillion at the beginning to $7.5 trillion at the end of the year, and has now reached about $8 trillion. This has led to a continuous expansion of global dollar liquidity and caused a sharp rise in commodity prices, including a rare increase in food prices, raising global concerns about inflation.</p><p>Yu Xuejun believes that with the improvement of the US anti-epidemic situation and the cumulative effect of ultra-loose monetary stimulus policies, the US economy has rebounded strongly. According to the latest OECD medium-term economic outlook forecast, the US economy will grow by 6.9% this year, which is 0.4 percentage points higher than the previous forecast.</p><p>In response to these new changes, the Federal Reserve has begun to send hawkish signals at its latest interest rate meeting in June, and the market expects the Fed's rate hike to be brought forward by a year to the second half of 2022. In addition, inflation expectations have been significantly raised, with the U.S. PCE and personal consumption expenditures price index expected to rise to 3.4% in 2021, up 1 percentage point from the March forecast. Yu Xuejun said,</p><p>\"We are in a window of opportunity where macroeconomic control policies may be adjusted and changed at any time, so the market is extremely sensitive. A piece of information or a single word from the Federal Reserve can cause huge fluctuations in the market. Currently, grain, iron ore, oil, gold, and exchange rates rise and fall almost every day, with different changes and no consistent direction. We are in such a sensitive period.\" Why is it difficult to return to normal in the short term? He gave two reasons:</p><p>First, the impact of the COVID-19 pandemic is too great, and controlling the pandemic remains unpredictable. In addition, the significant impact of the pandemic on human society, especially on economic activities, after it is brought under control, also requires time to be assessed.</p><p>Secondly, the ultra-loose stimulus policies of various countries have had a significant impact. The withdrawal of these policies requires a long process and is irreversible. In particular, the base money injected by the Federal Reserve is difficult to recover in the short term and may become a part of history that will be retained forever.</p><p>\"After the 2008 US financial crisis, the Federal Reserve implemented a quantitative easing monetary policy. Previously, the Fed's balance sheet was less than $900 billion, but it later increased to a peak of $4.5 trillion, and now it has increased to $8 trillion. Based on this calculation...\"<b>The Fed's balance sheet is expected to eventually be more than 10 times larger than it was before the 2008 financial crisis.</b>These large amounts of dollar liquidity are being invested around the world, having a huge impact on global economic and financial markets, especially on inflation, which I believe is difficult to eliminate in the short term and difficult to accurately assess.</p>","source":"XLCJ","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 Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period and it will be difficult to return to normal in the</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period and it will be difficult to return to normal in the\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-06-24 19:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The 2021 Caixin Summer Summit was held in Beijing from June 23-25, 2021. Yu Xuejun, a leader of the China Banking and Insurance Regulatory Commission, attended and delivered a speech.</p><p>Yu Xuejun stated that the global economy is in a sensitive period of evolution and change, and it is difficult to return to normal in the short term.</p><p>He explained that, firstly, the complexity and sensitivity facing the global economy this year were caused by the outbreak and spread of the COVID-19 pandemic last year, \"and the impact was too great.\" He cited a UN report stating that this was \"the worst global economic contraction since the Great Depression of the 1930s, a contraction 2.5 times the degree of the 2009 international financial crisis.\" He added,</p><p>\"From our memory, this pandemic has been the biggest shock to the global economy and human society since at least World War II.\" Last year, the global economy contracted by 4.4% overall. Thanks to China's good control of the epidemic and its combined efforts in epidemic prevention and economic work, the country resumed work and production effectively, making it the only country among the world's top ten economies to achieve positive growth, with an annual economic growth of 2.3%. Yu Xuejun said,</p><p>\"This (growth) of 2.3% is very well-known now. We see it on TV, in newspapers, and even some foreign scholars often mention 2.3%.\" Second, due to the rare impact of the COVID-19 pandemic on the global economy, governments around the world have generally implemented ultra-loose stimulus economic policies. Historically, these policies are unprecedented in intensity and have played an important role in stabilizing the economies and maintaining social order in various countries. However, at the same time, these ultra-loose policies have also brought many problems.</p><p>Third, the changes and impacts of global geopolitics.</p><p>Yu Xuejun stated that the key to controlling the epidemic lies in the research and development and administration of vaccines. All countries hope to achieve this in one fell swoop, but progress is now very fast, far exceeding people's previous expectations. How things will change in the future depends on two factors. One is the effectiveness of the vaccine, including its shelf life, which remains to be seen.</p><p>Second, the speed and complexity of the COVID-19 virus mutation. “In the past, when we were doing banking supervision, we often said, ‘Regulation is a race against risk.’ Today, we are borrowing this saying. We believe that fighting the COVID-19 pandemic is actually a race against the mutations of the virus,” he said. Overall, the situation in humanity’s fight against the COVID-19 pandemic has become bright, and it now seems to be dominated by optimism. He believes that the negative impact on the economy will gradually weaken.</p><p>When discussing the future of ultra-loose stimulus policies, Yu Xuejun analyzed the situation in the United States.</p><p>Last year, during the Trump administration, after the widespread spread of COVID-19 in the United States, the Federal Reserve lowered the Federal Reserve interest rate from 1.5%-1.75% to 0% to 0.25% in mid-March, the so-called \"zero interest rate\". At the end of the year, the Federal Reserve intensified its QE policy, increasing its bond purchases to $120 billion per month starting in December.</p><p>Since taking office, President Biden has further increased fiscal stimulus policies, most notably the $1.9 trillion COVID-19 relief bill passed in April of this year. In addition, he proposed a plan to revive infrastructure investment. The initial proposal was for a scale of 2.25 trillion, but it has recently been reduced to approximately $1 trillion.</p><p>Since last year, the Federal Reserve has implemented an ultra-loose monetary policy, which has led to a significant increase in its balance sheet, which has surged from about $4 trillion at the beginning to $7.5 trillion at the end of the year, and has now reached about $8 trillion. This has led to a continuous expansion of global dollar liquidity and caused a sharp rise in commodity prices, including a rare increase in food prices, raising global concerns about inflation.</p><p>Yu Xuejun believes that with the improvement of the US anti-epidemic situation and the cumulative effect of ultra-loose monetary stimulus policies, the US economy has rebounded strongly. According to the latest OECD medium-term economic outlook forecast, the US economy will grow by 6.9% this year, which is 0.4 percentage points higher than the previous forecast.</p><p>In response to these new changes, the Federal Reserve has begun to send hawkish signals at its latest interest rate meeting in June, and the market expects the Fed's rate hike to be brought forward by a year to the second half of 2022. In addition, inflation expectations have been significantly raised, with the U.S. PCE and personal consumption expenditures price index expected to rise to 3.4% in 2021, up 1 percentage point from the March forecast. Yu Xuejun said,</p><p>\"We are in a window of opportunity where macroeconomic control policies may be adjusted and changed at any time, so the market is extremely sensitive. A piece of information or a single word from the Federal Reserve can cause huge fluctuations in the market. Currently, grain, iron ore, oil, gold, and exchange rates rise and fall almost every day, with different changes and no consistent direction. We are in such a sensitive period.\" Why is it difficult to return to normal in the short term? He gave two reasons:</p><p>First, the impact of the COVID-19 pandemic is too great, and controlling the pandemic remains unpredictable. In addition, the significant impact of the pandemic on human society, especially on economic activities, after it is brought under control, also requires time to be assessed.</p><p>Secondly, the ultra-loose stimulus policies of various countries have had a significant impact. The withdrawal of these policies requires a long process and is irreversible. In particular, the base money injected by the Federal Reserve is difficult to recover in the short term and may become a part of history that will be retained forever.</p><p>\"After the 2008 US financial crisis, the Federal Reserve implemented a quantitative easing monetary policy. Previously, the Fed's balance sheet was less than $900 billion, but it later increased to a peak of $4.5 trillion, and now it has increased to $8 trillion. Based on this calculation...\"<b>The Fed's balance sheet is expected to eventually be more than 10 times larger than it was before the 2008 financial crisis.</b>These large amounts of dollar liquidity are being invested around the world, having a huge impact on global economic and financial markets, especially on inflation, which I believe is difficult to eliminate in the short term and difficult to accurately assess.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.cn/hy/2021-06-24/detail-ikqciyzk1510511.d.html?from=wap\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f0777ffe79222b2a04c15407e205bed9","relate_stocks":{"000001.SH":"上证指数",".DJI":"道琼斯"},"source_url":"https://finance.sina.cn/hy/2021-06-24/detail-ikqciyzk1510511.d.html?from=wap","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144044065","content_text":"2021财新夏季峰会于2021年6月23-25日在北京举办，中国银行保险监督管理委员会领导于学军出席并演讲。\n于学军表示，全球经济正处于演进变化的敏感时期，短期内难以回归常态。\n他解释称，首先，今年全球经济面临的复杂性和敏感性是受去年新冠肺炎疫情在全球的暴发、蔓延而形成的，“这个冲击太大了”。他引用联合国报告称这“是自上世纪30年代经济大萧条以来，全球经济最严重的收缩，收缩的程度是2009年国际金融危机的2.5倍”。他又说道，\n\n “从我们的记忆来说，这次疫情至少是自第二次世界大战以来对全球经济、人类社会最大的一次冲击。”\n\n去年全球经济总体下降4.4%，由于中国疫情控制得好，并且防疫和经济工作两手抓，复工复产有力有效，成为了全球前十大经济体中唯一实现正增长的国家，全年经济增长2.3%。于学军说，\n\n “这个（增长）2.3%，现在非常有名，我们看电视、报纸，包括国外的一些学者，他们也经常提起来2.3%。”\n\n第二，由于新冠疫情对全球经济形成的罕见冲击，所以各国政府普遍实行了超宽松的刺激性经济政策，历史比较来看，这些政策力度是空前的，在各国稳定经济和维护社会秩序等方面均发挥了重要作用，但与此同时这些超宽松的政策也带来许多问题。\n第三，全球地缘政治的变化和影响。\n于学军表示，控制疫情的关键环节在于疫苗的研发和接种，各国都希望可以毕其功于一役，现在看进展很快，远超出人们之前的预期。未来如何变化取决于两个因素，一是疫苗的有效性，包括有效期，尚有待时间检验。\n二是新冠病毒变异的速度和复杂性。“过去我们做银行监管常说的一句话，叫做‘监管就是与风险赛跑’，今天我们把这句话借用过来，我们认为抗击新冠疫情实际上也是与新冠病毒的变异赛跑”，他说，总体来看人类抗击新冠疫情的形势已现光明，现在普遍看起来是乐观情绪主导，相信对经济的负面影响也会逐步减弱。\n谈及超宽松的刺激性政策何去何从，于学军分析了美国的情况。\n去年在特朗普执政时期，新冠肺炎在美国大面积传染之后，美联储在3月中旬一次性将联邦储备利率由1.5%-1.75%调低为0%到0.25%，即所谓的“零利率”。年末美联储又加大QE政策，从12月起将其购债规模每月增加到1200亿美元。\n拜登总统上任之后，进一步加大财政的刺激性政策，最具代表性的就是于今年4月通过的1.9万亿美元的新冠纾困法案。另外，他还提出基建投资的复兴计划。开始拟定的是2.25万亿规模，最近有所压缩，预计约1万亿美元。\n去年开始美联储实行超宽松的货币政策，使其资产负债表大幅增加，已从初期的约4万亿美元陡增至年末的7.5万亿美元，最新大概达到8万亿美元。这使全球的美元流动性不断膨胀，并造成大宗初级商品的价格大幅上涨，包括粮食也出现罕见的涨价现象，全球对通胀的担忧由此产生。\n于学军认为，随着美国抗疫形势出现好转，在货币超宽松刺激政策累加的作用之下，美国经济出现强势反弹，最新据经合组织OECD中期经济展望预测，今年美国经济将增长6.9%，比之前的预测调高了0.4个百分点。\n针对这些新变化，美联储在6月最新的议息会议上已开始释放鹰派信号，市场预计美联储加息或提前一年至2022年下半年。另外通货膨胀预期也被大幅上调，预计2021年美国的PCE及个人消费支出价格指数将升到3.4%，较3月的预测值上调1个百分点。于学军称，\n\n “我们处于这样一个宏观调控政策有可能随时发生调整变化的窗口期，所以市场表现极为敏感，一个信息、美联储的一句措词都有可能引起市场的巨大波动。现在粮食、铁矿石、石油、黄金、汇率几乎每天都出现上涨、下跌，有不同的变化，没有一致的方向，处在这样的一个敏感期。”\n\n为什么短期常态难回归呢？他给出两个原因：\n一是新冠疫情的冲击太大，现在疫情控制仍然难以预料。另外，疫情控制之后其对人类社会产生的重大影响，尤其是对经济活动的影响，也需要一个时间进行评估。\n二是各国超宽松的刺激性政策形成了重大影响，这些政策的退出需要一个较长的过程，并且覆水难收，尤其是美联储投放出去的基础货币很难在短期收回，也许会成为一段历史永远保留下去。\n\n “2008年美国发生金融危机之后，美联储就实行了量化宽松的货币政策，这个之前美联储的资产负债表不到9000亿美元，后来最高增加到了4.5万亿美元，现在又增加到8万亿美元。这样计算下来，\n 预计最终美联储的资产负债表将比2008年金融危机之前提高10倍以上，这些大量的美元流动性投入到世界各地，对全球经济金融市场形成巨大影响，尤其是下一步对通货膨胀的影响，我认为短期内难以消除，也难以准确评估。”","news_type":1,"symbols_score_info":{".DJI":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":4984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126800369,"gmtCreate":1624549505551,"gmtModify":1703840193663,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126800369","repostId":"1106576178","repostType":4,"repost":{"id":"1106576178","kind":"news","pubTimestamp":1624536819,"share":"https://ttm.financial/m/news/1106576178?lang=en_US&edition=fundamental","pubTime":"2021-06-24 20:13","market":"us","language":"zh","title":"XPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106576178","media":"时代在线","summary":"小鹏这次在香港上市属于双重上市，受美国SEC和香港SFC双方的监管。","content":"<p>By Li Zhuoling</p><p>Less than a year after successfully going public in the US last August,<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>They are then preparing for a Hong Kong IPO, aiming for a \"dual listing\".</p><p>At 8 p.m. on June 24, XPeng Motor Company issued a supplementary announcement to its prospectus, stating that it will issue 85 million Class A ordinary shares as part of its global offering, and 4.25 million Class A ordinary shares will be publicly offered in Hong Kong under the stock code \"9868\". XPeng Motors stated that the maximum offering price for this public offering in Hong Kong is HK$180 or US$23.19 per share (equivalent to US$46.39 per ADS).</p><p>Regarding shareholders, the prospectus shows that He Xiaopeng, co-founder, chairman and CEO of XPeng Motors, and his affiliated companies are the controlling shareholders of XPeng Motors, holding 21.75% of the shares. Taobao China holds 11.9% of the shares, and IDG Capital holds 4.8%.</p><p>On the same day, according to Times Finance on the official website of the Hong Kong Stock Exchange, XPeng Automotive has passed the listing hearing of the Hong Kong Stock Exchange and submitted its post-hearing information set for the first time. XPeng stated that this dataset is not the final listing document, and the company may update or revise it from time to time in accordance with the listing rules.</p><p>It is understood that this return to the Hong Kong stock market,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Bank of America and XPeng Motors are joint sponsors. The aforementioned investment bank had previously assisted XPeng in completing its IPO in the United States. Meanwhile, XPeng Motors has raised up to $2 billion in this round of financing. However, XPeng Automotive declined to comment on news regarding its Hong Kong listing, he told Times Finance.</p><p><img src=\"https://static.tigerbbs.com/637e64eaf32d8f5ba864c1e1c3561ec9\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\">Image source: XPeng Automobile</p><p>It is worth noting that, in addition to XPeng vehicles,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Both Li Auto and China have previously been rumored to be interested in listing in Hong Kong. In March of this year, according to media reports, Nio and XPeng had submitted their listing applications to the Hong Kong Stock Exchange, while Li Auto had not yet submitted its application. The report also cited sources familiar with the matter as saying that all three companies intend to sell 5% of their shares, raising a total of $5 billion.</p><p>Regarding the subsequent return plans and progress, Times Finance also interviewed Nio and...<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Both parties stated that there was no further information to disclose at the moment. Regarding the updates on XPeng' return to Hong Kong for its IPO, a representative from Nio' public relations department said, \"Best wishes to my teammates.\"</p><p><b>Dual listing</b></p><p>“XPeng’s listing in Hong Kong is a dual listing, subject to regulation by both the US SEC and the Hong Kong SFC. Generally speaking, this situation is stricter than a secondary listing,” Wang Yitang, a strategist at Sichuan Securities, told Times Finance on June 24.</p><p>Public information shows that companies primarily listed on qualified exchanges (such as the NYSE, NASDAQ, etc.) are allowed to conduct a secondary listing in Hong Kong, but must meet several conditions, including that the company must be a startup.<a href=\"https://laohu8.com/S/300832\">New industry</a>The company has a good compliance record of being listed on a qualified exchange for at least the most recent two full fiscal years, and the applicant's total market capitalization at the time of secondary listing in Hong Kong is not less than HK$40 billion, or the total market capitalization at the time of listing is not less than HK$10 billion and the revenue in the most recent audited fiscal year is not less than HK$1 billion, etc.</p><p><img src=\"https://static.tigerbbs.com/7426061ec0b6d7263a5f645b48ccc96b\" tg-width=\"550\" tg-height=\"414\" referrerpolicy=\"no-referrer\">Image source: Screenshot from the Hong Kong Stock Exchange website</p><p>XPeng’s return to the Hong Kong stock market through a rare “Dual Primary Listing” is mainly due to the short interval between its previous Listing on the US stock market (August 27 last year), which does not meet the requirement for the listed entity to have at least two years of good regulatory compliance records on another eligible exchange in a secondary Listing.</p><p>Wang Yitang told Times Finance that, given XPeng Motors' current market capitalization and its status as an innovative company, it theoretically meets the standards for listing on the Hong Kong Stock Exchange. As of the market close on June 23, XPeng Motors (XPEV.NYSE) closed at $41.61 per share, with a total market capitalization of $33.427 billion, or approximately HK$259.53 billion.</p><p>However, XPeng Motors' post-hearing filing with the Hong Kong Stock Exchange still mentioned a number of risks and uncertainties, including challenges as a new entrant to the industry, the possibility that its R&D efforts may not yield the expected results, risks related to autonomous driving technology, and the fact that it has only recently started generating revenue and is still generating losses and negative operating cash flow, which are likely to continue in the future.</p><p>Among them, in<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>Regarding production capacity cooperation, XPeng Automotive stated that the cooperation agreement with Haima will expire on December 31 this year, but there may be a failure to enter into a new contract or extend an existing contract with Haima on acceptable terms and conditions, and the agreement may also be terminated by mutual consent. If any of the above occurs, XPeng Motor may be required to enter into contracts with other third parties or significantly increase its own production capacity.</p><p>\"We cannot guarantee that, under such circumstances, we will be able to partner with other third parties on acceptable terms or increase our own production capacity to meet our needs, or at all. Completing any transition and ensuring the production capacity of the new third-party partners' factories...\"<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The expense and time required for electric vehicles to meet our quality standards and regulatory requirements may be greater than expected. Any of the above factors could adversely affect our business, results of operations, financial condition, and prospects. XPeng Motor Company stated in its post-hearing submission.</p><p><img src=\"https://static.tigerbbs.com/70c771acf3ec396d6a6bb60ff0922bce\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Image source: Internet. Please contact us to remove any infringements.</p><p><b>Is \"Wei Xiaoli\" accelerating its return to Hong Kong for IPO and fundraising?</b></p><p>Industry insiders believe that if XPeng successfully lists on the Hong Kong stock market, it will help it further broaden its financing channels and prepare funds for its subsequent product launches and technology research and development.</p><p>According to data submitted by XPeng Motors to the Hong Kong Stock Exchange, XPeng Motors' annual R&D expenditure was RMB 1.051 billion, RMB 2.07 billion, and RMB 1.726 billion from 2018 to 2020, respectively. Adding the RMB 535 million in the first quarter of this year, the total is approximately RMB 5.382 billion. The above expenses accounted for 89.2%, 29.5% and 18.1% of our total revenue in 2019, 2020 and the three months ended 31 March 2021, respectively.</p><p>In terms of R&D personnel, as of the end of March this year, 2,442 employees (accounting for approximately 39.8% of the total) worked in XPeng Automotive's R&D department, of which 62.1%, 16.3% and 21.5% were dedicated to automotive design and engineering, autonomous driving and intelligent operating systems, respectively. Looking at the employee breakdown by function, the proportion of R&D personnel at XPeng Motor Company is second only to those responsible for sales and marketing (2,518 people), with the latter accounting for 41.1%.</p><p>It is worth noting that XPeng Motor Company had previously acquired relatively sufficient cash reserves through its initial public offering and subsequent share issuances. It is reported that it completed its initial public offering and listed on the New York Stock Exchange last August, raising net proceeds of approximately US$1.656 billion after deducting underwriting discounts, commissions and expenses. Subsequently, in December of last year, XPeng completed a subsequent public offering at a price of $45 per American Depositary Share or $22.5 per share, raising a total of $2.445 billion in net proceeds after deducting underwriting discounts, commissions and expenses.</p><p>Currently, in addition to XPeng Automobile, two other leading emerging automakers, Nio and Li Auto, are rumored to also have plans to list in Hong Kong in order to further optimize their financing channels. According to the Q1 financial reports of \"Wei Xiaoli\" automakers, all three automakers currently have cash reserves exceeding 30 billion yuan. Among them, Nio has the largest cash reserves of 47.5 billion yuan, XPeng has 36.201 billion yuan, and Li Auto has 30.36 billion yuan.</p><p>Previously, Li Auto founder and CEO Li Xiang stated that Li Auto would not mind any form of financing, including the secondary market, bank loans, and bond issuance.</p><p>An industry insider told Times Finance that while broadening external financing channels, expanding delivery scale to enhance their own revenue-generating capabilities remains the top priority for emerging electric vehicle companies to achieve profitability. according to<a href=\"https://laohu8.com/S/002736\">Guoxin Securities</a>The research report estimates that Nio, XPeng, and Li Auto need to reach sales volumes of 180,000, 120,000, and 60,000 vehicles respectively to achieve profitability. As of the end of May this year, Nio had delivered a total of 109,500 vehicles, XPeng had delivered over 64,000 vehicles, and Li Auto had delivered over 56,000 vehicles.</p>","source":"lsy1588128741489","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>XPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">时代在线</strong><span class=\"h-time small\">2021-06-24 20:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>By Li Zhuoling</p><p>Less than a year after successfully going public in the US last August,<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>They are then preparing for a Hong Kong IPO, aiming for a \"dual listing\".</p><p>At 8 p.m. on June 24, XPeng Motor Company issued a supplementary announcement to its prospectus, stating that it will issue 85 million Class A ordinary shares as part of its global offering, and 4.25 million Class A ordinary shares will be publicly offered in Hong Kong under the stock code \"9868\". XPeng Motors stated that the maximum offering price for this public offering in Hong Kong is HK$180 or US$23.19 per share (equivalent to US$46.39 per ADS).</p><p>Regarding shareholders, the prospectus shows that He Xiaopeng, co-founder, chairman and CEO of XPeng Motors, and his affiliated companies are the controlling shareholders of XPeng Motors, holding 21.75% of the shares. Taobao China holds 11.9% of the shares, and IDG Capital holds 4.8%.</p><p>On the same day, according to Times Finance on the official website of the Hong Kong Stock Exchange, XPeng Automotive has passed the listing hearing of the Hong Kong Stock Exchange and submitted its post-hearing information set for the first time. XPeng stated that this dataset is not the final listing document, and the company may update or revise it from time to time in accordance with the listing rules.</p><p>It is understood that this return to the Hong Kong stock market,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Bank of America and XPeng Motors are joint sponsors. The aforementioned investment bank had previously assisted XPeng in completing its IPO in the United States. Meanwhile, XPeng Motors has raised up to $2 billion in this round of financing. However, XPeng Automotive declined to comment on news regarding its Hong Kong listing, he told Times Finance.</p><p><img src=\"https://static.tigerbbs.com/637e64eaf32d8f5ba864c1e1c3561ec9\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\">Image source: XPeng Automobile</p><p>It is worth noting that, in addition to XPeng vehicles,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Both Li Auto and China have previously been rumored to be interested in listing in Hong Kong. In March of this year, according to media reports, Nio and XPeng had submitted their listing applications to the Hong Kong Stock Exchange, while Li Auto had not yet submitted its application. The report also cited sources familiar with the matter as saying that all three companies intend to sell 5% of their shares, raising a total of $5 billion.</p><p>Regarding the subsequent return plans and progress, Times Finance also interviewed Nio and...<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Both parties stated that there was no further information to disclose at the moment. Regarding the updates on XPeng' return to Hong Kong for its IPO, a representative from Nio' public relations department said, \"Best wishes to my teammates.\"</p><p><b>Dual listing</b></p><p>“XPeng’s listing in Hong Kong is a dual listing, subject to regulation by both the US SEC and the Hong Kong SFC. Generally speaking, this situation is stricter than a secondary listing,” Wang Yitang, a strategist at Sichuan Securities, told Times Finance on June 24.</p><p>Public information shows that companies primarily listed on qualified exchanges (such as the NYSE, NASDAQ, etc.) are allowed to conduct a secondary listing in Hong Kong, but must meet several conditions, including that the company must be a startup.<a href=\"https://laohu8.com/S/300832\">New industry</a>The company has a good compliance record of being listed on a qualified exchange for at least the most recent two full fiscal years, and the applicant's total market capitalization at the time of secondary listing in Hong Kong is not less than HK$40 billion, or the total market capitalization at the time of listing is not less than HK$10 billion and the revenue in the most recent audited fiscal year is not less than HK$1 billion, etc.</p><p><img src=\"https://static.tigerbbs.com/7426061ec0b6d7263a5f645b48ccc96b\" tg-width=\"550\" tg-height=\"414\" referrerpolicy=\"no-referrer\">Image source: Screenshot from the Hong Kong Stock Exchange website</p><p>XPeng’s return to the Hong Kong stock market through a rare “Dual Primary Listing” is mainly due to the short interval between its previous Listing on the US stock market (August 27 last year), which does not meet the requirement for the listed entity to have at least two years of good regulatory compliance records on another eligible exchange in a secondary Listing.</p><p>Wang Yitang told Times Finance that, given XPeng Motors' current market capitalization and its status as an innovative company, it theoretically meets the standards for listing on the Hong Kong Stock Exchange. As of the market close on June 23, XPeng Motors (XPEV.NYSE) closed at $41.61 per share, with a total market capitalization of $33.427 billion, or approximately HK$259.53 billion.</p><p>However, XPeng Motors' post-hearing filing with the Hong Kong Stock Exchange still mentioned a number of risks and uncertainties, including challenges as a new entrant to the industry, the possibility that its R&D efforts may not yield the expected results, risks related to autonomous driving technology, and the fact that it has only recently started generating revenue and is still generating losses and negative operating cash flow, which are likely to continue in the future.</p><p>Among them, in<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>Regarding production capacity cooperation, XPeng Automotive stated that the cooperation agreement with Haima will expire on December 31 this year, but there may be a failure to enter into a new contract or extend an existing contract with Haima on acceptable terms and conditions, and the agreement may also be terminated by mutual consent. If any of the above occurs, XPeng Motor may be required to enter into contracts with other third parties or significantly increase its own production capacity.</p><p>\"We cannot guarantee that, under such circumstances, we will be able to partner with other third parties on acceptable terms or increase our own production capacity to meet our needs, or at all. Completing any transition and ensuring the production capacity of the new third-party partners' factories...\"<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The expense and time required for electric vehicles to meet our quality standards and regulatory requirements may be greater than expected. Any of the above factors could adversely affect our business, results of operations, financial condition, and prospects. XPeng Motor Company stated in its post-hearing submission.</p><p><img src=\"https://static.tigerbbs.com/70c771acf3ec396d6a6bb60ff0922bce\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Image source: Internet. Please contact us to remove any infringements.</p><p><b>Is \"Wei Xiaoli\" accelerating its return to Hong Kong for IPO and fundraising?</b></p><p>Industry insiders believe that if XPeng successfully lists on the Hong Kong stock market, it will help it further broaden its financing channels and prepare funds for its subsequent product launches and technology research and development.</p><p>According to data submitted by XPeng Motors to the Hong Kong Stock Exchange, XPeng Motors' annual R&D expenditure was RMB 1.051 billion, RMB 2.07 billion, and RMB 1.726 billion from 2018 to 2020, respectively. Adding the RMB 535 million in the first quarter of this year, the total is approximately RMB 5.382 billion. The above expenses accounted for 89.2%, 29.5% and 18.1% of our total revenue in 2019, 2020 and the three months ended 31 March 2021, respectively.</p><p>In terms of R&D personnel, as of the end of March this year, 2,442 employees (accounting for approximately 39.8% of the total) worked in XPeng Automotive's R&D department, of which 62.1%, 16.3% and 21.5% were dedicated to automotive design and engineering, autonomous driving and intelligent operating systems, respectively. Looking at the employee breakdown by function, the proportion of R&D personnel at XPeng Motor Company is second only to those responsible for sales and marketing (2,518 people), with the latter accounting for 41.1%.</p><p>It is worth noting that XPeng Motor Company had previously acquired relatively sufficient cash reserves through its initial public offering and subsequent share issuances. It is reported that it completed its initial public offering and listed on the New York Stock Exchange last August, raising net proceeds of approximately US$1.656 billion after deducting underwriting discounts, commissions and expenses. Subsequently, in December of last year, XPeng completed a subsequent public offering at a price of $45 per American Depositary Share or $22.5 per share, raising a total of $2.445 billion in net proceeds after deducting underwriting discounts, commissions and expenses.</p><p>Currently, in addition to XPeng Automobile, two other leading emerging automakers, Nio and Li Auto, are rumored to also have plans to list in Hong Kong in order to further optimize their financing channels. According to the Q1 financial reports of \"Wei Xiaoli\" automakers, all three automakers currently have cash reserves exceeding 30 billion yuan. Among them, Nio has the largest cash reserves of 47.5 billion yuan, XPeng has 36.201 billion yuan, and Li Auto has 30.36 billion yuan.</p><p>Previously, Li Auto founder and CEO Li Xiang stated that Li Auto would not mind any form of financing, including the secondary market, bank loans, and bond issuance.</p><p>An industry insider told Times Finance that while broadening external financing channels, expanding delivery scale to enhance their own revenue-generating capabilities remains the top priority for emerging electric vehicle companies to achieve profitability. according to<a href=\"https://laohu8.com/S/002736\">Guoxin Securities</a>The research report estimates that Nio, XPeng, and Li Auto need to reach sales volumes of 180,000, 120,000, and 60,000 vehicles respectively to achieve profitability. As of the end of May this year, Nio had delivered a total of 109,500 vehicles, XPeng had delivered over 64,000 vehicles, and Li Auto had delivered over 56,000 vehicles.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.time-weekly.com/post/282527\">时代在线</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f112c7634aa63c7d43e3db0ad6536d8","relate_stocks":{"XPEV":"小鹏集团","09868":"小鹏集团-W"},"source_url":"http://www.time-weekly.com/post/282527","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106576178","content_text":"文／李卓玲\n距去年8月成功赴美上市不到一年时间，小鹏汽车便筹备回港IPO欲“双重上市”。\n6月24日晚8时，小鹏汽车发布了招股说明书补充公告称，将发行8500万股A类普通股作为全球发行的一部分，香港公开发售425万股A类普通股，股票代码为“9868”。小鹏汽车表示本次香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。\n股东方面，招股书显示，小鹏汽车联合创始人、董事长兼首席执行官何小鹏及其关联公司为小鹏汽车控股股东，持股21.75%；淘宝中国持股11.9%，IDG资本持股4.8%。\n同日，据时代财经在港交所官网了解到，小鹏汽车已通过港交所上市聆讯，并第一次呈交聆讯后资料集。小鹏汽车称，该资料集并非最终上市文件，公司可能会不时根据上市规则作出更新或修订。\n据悉，此次回归港股，摩根大通和美银为小鹏汽车联席保荐人，前述投行此前曾助小鹏完成赴美上市事宜。与此同时，小鹏汽车此次融资规模最多为20亿美元。不过，对于赴港上市相关消息，小鹏汽车对时代财经称，不予置评。\n图片来源：小鹏汽车\n值得关注的是，除了小鹏汽车外，蔚来和理想汽车此前亦均传出有赴港上市之心。今年3月，据媒体报道，蔚来、小鹏汽车已向港交所递交上市申请，而理想尚未“递表”；该报道并援引知情人士称，三家公司均打算出售5%的股权，筹资金额合计或将达到50亿美元。\n对于后续回归计划及进展，时代财经6月24日也分别采访了蔚来和理想汽车，双方均称暂无更多消息披露，而对于小鹏回港IPO动态，蔚来公关部人士称，“祝福队友”。\n双重上市\n“小鹏这次在香港上市属于双重上市，受美国SEC和香港SFC双方的监管。一般来说，这种情况会比二次上市更为严格。”6月24日，川财证券策略分析师王一棠对时代财经表示。\n公开资料显示，在合格交易所（如纽交所、纳斯达克等）作主要上市的企业，允许在港作第二上市，但需符合几大条件，包括企业必须是创新产业公司、在至少最近两个完整会计年度于合格交易所上市的合规纪录良好，以及申请人于香港第二上市时的总市值不少于400亿港币，或上市时的总市值不少于100亿港币并且最近一个经审计会计年度的收益不少于10亿港币等。\n图片来源：港交所官网截图\n小鹏此次以目前较少见的“双重主要上市”(Dual Primary Listing)方式回归港股，主要因其距此前美股上市（去年8月27日）的间隔时间较短，不符合二次上市中对于上市主体在另一家符合条件的交易所至少有两年良好监管合规记录的要求。\n王一棠对时代财经称，从小鹏汽车当前市值，再加上该公司为创新企业，理论上满足上市港交所的标准。而截至6月23日收盘，小鹏汽车(XPEV.NYSE)美股收盘价为41.61美元/股，总市值达334.27亿美元，约合2595.3亿港币。\n不过，小鹏汽车在向港交所呈交的聆讯后资料中仍提及多项风险和不确定因素，包括作为行业新加入者的挑战、研发工作可能无法产能预期成果、自动驾驶技术风险，以及最近才开始产生收入且仍在产生亏损和负经营现金流，而此等情形将有可能于日后持续等。\n其中，在与海马汽车的产能合作方面，小鹏汽车称，与前者的合作协议将于今年12月31日届满，但可能存在未能与海马以可接纳的条款及条件订立新合约或延长现有合约，以及订立的协议亦可能会在双方同意下终止。如出现任何上述情况，小鹏汽车或须与其他第三方订立合约或大幅增加本身的产能。\n“我们无法保证在该情形下能按可接纳的条款，与其他第三方合伙或增加本身的产能以满足我们的需求，或完全不能满足。完成任何过渡及确保新第三方合作伙伴的工厂所生产的智能电动汽车符合我们的质量标准及监管规定所需的开支及时间可能较预期为多。上述任何因素均可能对我们的业务、经营业绩、财务状况及前景造成不利影响。”小鹏汽车在其呈交的聆讯后资料中指出。\n图片来源：网络，侵权请联系删除\n“蔚小理”加速回港上市筹资？\n在业界看来，若小鹏汽车如愿登陆港股市场，将助其进一步拓宽融资渠道，为其后续产品投放、技术研发等做好资金储备。\n据小鹏汽车呈交给港交所的资料显示，2018年至2020年，小鹏汽车的年研发开支分別为人民币10.51亿元、20.7亿元、17.26亿元，再加上今年一季度的5.35亿元，合计约53.82亿元。在2019年、2020年及截至2021年3月31日止三个月，上述开支分别占总收入89.2%、29.5%及18.1%。\n在研发人员方面，截至今年3月底，有2442名员工(占总人数约39.8%)在小鹏汽车研发部门工作，其中62.1%、16.3%和21.5%分别致力于汽车设计与工程、自动驾驶和智能操作系统。按职能分类的员工明细来看，小鹏汽车的研发人员占比仅次于负责销售及营销的员工（2518人），后者这一占比为41.1%。\n值得关注的是，小鹏汽车此前通过首发上市及后续股票增发等，获得较为充足的现金储备。据悉，其去年8月完成首次公开发售及于纽交所上市，经扣除承销折扣、佣金及开支后，共筹得所得款项净额约16.56亿美元。随后，去年12月，小鹏汽车又按每股美国存托股45美元或每股股份22.5美元的价格完成后续公开发售，经扣除承销折扣、佣金及开支后，共筹得所得款项净额24.45亿美元。\n而目前，除了小鹏汽车外，另外两家头部新势力车企蔚来、理想被传同样有回港上市计划，以进一步优化融资渠道。结合“蔚小理”车企Q1财报来看，目前三家车企现金储备均超300亿元，其中，蔚来现金储备最多达475亿元，小鹏为362.01亿元，理想汽车为303.6亿元。\n此前，理想汽车创始人、CEO李想曾对外表示，理想不介意任何一种方式的融资，包括二级市场、银行贷款和发债等。\n有业界人士对时代财经称，在拓宽外部融资渠道的同时，扩大交付规模以提升自身造血能力仍是新势力车企实现盈利的头等大事。据国信证券研报测算认为，蔚来、小鹏、理想要想实现盈利，销量规模分别需达到18万辆、12万辆和6万辆。截至今年5月底，蔚来累计交付量为10.95万辆，小鹏汽车累计交付量超6.4万辆，理想汽车累计交付量超5.6万辆。","news_type":1,"symbols_score_info":{"XPEV":0.9,"09868":0.9}},"isVote":1,"tweetType":1,"viewCount":4898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126177238,"gmtCreate":1624549482524,"gmtModify":1703840192848,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126177238","repostId":"1121154040","repostType":4,"repost":{"id":"1121154040","kind":"news","pubTimestamp":1624539354,"share":"https://ttm.financial/m/news/1121154040?lang=en_US&edition=fundamental","pubTime":"2021-06-24 20:55","market":"us","language":"zh","title":"Big reveal: Windows 11 is coming tonight! What updates can we see?","url":"https://stock-news.laohu8.com/highlight/detail?id=1121154040","media":"腾讯科技","summary":"被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。","content":"<p>At 11 PM Beijing time on June 24th,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch event is about to be held, with what Microsoft CEO Satya Nadella calls the \"most important update\" to Windows in a decade.</p><p>Although Microsoft has not confirmed the upcoming new product release in any public setting, the major leak of the Windows 11 development version on June 16 has made the matter less mysterious. Windows 11 will be the main focus of tonight's launch event, and Microsoft has already showcased the most important update of the decade for Windows to us in all aspects before the event.</p><p>However, this press conference is not entirely without its highlights; there are still some details worth paying attention to.</p><p><b>What improvements can Windows 11 make to touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people found that this so-called \"major version\" did not make any significant functional improvements compared to the previous Windows 10, except for some Design adjustments to the interface to make it more in line with Microsoft's Fluent Design language.</p><p>Some users even gave it a Windows 10 skin after experiencing the Windows 11 development version.</p><p>To some extent, Windows 11 is indeed not as significant a design improvement as it was when we switched from Win8 to Win10. However, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which Microsoft has already canceled.</p><p>Features that appeared in the Windows 11 development version, such as \"centering the Start Menu and multitasking on the same screen,\" were originally standard features of Windows 10X.</p><p>Therefore, the leaked Windows 11 is more like an iteration of the previous Windows 10X. However, since 10X is a product designed by Microsoft for dual touch screens, what touch-enabled features Windows 11 will add to the system will be an important point of interest at tonight's launch event.</p><p>Microsoft has confirmed that it plans to \"innovate and develop exciting sensor technologies\" for future versions of Windows. As part of Windows 11 or an upcoming Windows update, popular features such as \"user presence detection,\" gesture detection, and ambient light will be improved to \"deliver a dazzling user experience on Windows.\"</p><p>This means that Microsoft hopes to achieve a fusion of desktop and mobile devices through the new Windows 11. Although Microsoft's current mobile phone projects are basically in a semi-abandoned state, the Surface still requires touch operation to achieve an excellent experience in more usage scenarios. Therefore, the improvements in touch and gestures in Windows 11 are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although MacOS's App Store doesn't have a strong presence, the App Store currently offered by Windows 10 seems even less important in comparison.</p><p>However, this may be greatly improved in Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand new app store that is more inclusive and free. Microsoft plans to introduce more developers to the new app store, such as apps like Chorme or Firefox, which will be available for download in the Microsoft app store in the future.</p><p>Another major improvement will be in the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and make in-app payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this comes true at tonight's press conference, since Microsoft is now uniting with Epic to resist...<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The App Store's high \"Apple tax\". This move could influence the reshuffling of app service pricing methods by large companies like Microsoft, Apple, and Google in the coming years.</p><p>Microsoft recently announced that it will reduce the purchase commission for games listed in its App Store from 30% to 12%. This significant discount has put a lot of pressure on App stores like Steam.</p><p><b>Will Windows 11 focus on improving the user experience for professional users?</b></p><p>As the world's largest desktop operating system, Windows' professional capabilities have been overlooked by many people. In this Windows 11 development version, we actually saw Microsoft's optimizations and improvements for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display for switching between multiple desktops, while also providing better support for multiple monitors. This has, to some extent, solved the problems that high-end users have accumulated over many years regarding multitasking.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>Meanwhile, Windows 11 has also focused more on improving the experience for game users. On this brand-new operating system, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social sections of the Xbox network, and the Xbox Store.</p><p>Meanwhile, Windows 11 has already been tested on XBox, and we hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display or faster game loading speeds, to improve the PC gaming experience.</p><p><b>Free upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we most want to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 7/8 to Windows 10, it used a free upgrade method, allowing all users to upgrade to the corresponding Windows 10 version. We hope that the free service will still appear on Windows 11.</p><p>The market has successfully told Microsoft that there is no point in charging users to upgrade their systems. As an operating system development company, Microsoft relies on OEM licensing and commercial licensing for more of its software revenue. Therefore, it is very likely that Windows 11 will still use the same free upgrade method as Windows 10.</p><p>Although Microsoft has sneaked Windows 11 away, it has actually left us with a lot of suspense. These answers may be revealed when Microsoft officially holds its new product launch event at 11 PM Beijing time on June 24th.</p>","source":"lsy1580517846866","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>Big reveal: Windows 11 is coming tonight! What updates can we see?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig reveal: Windows 11 is coming tonight! What updates can we see?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-24 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At 11 PM Beijing time on June 24th,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch event is about to be held, with what Microsoft CEO Satya Nadella calls the \"most important update\" to Windows in a decade.</p><p>Although Microsoft has not confirmed the upcoming new product release in any public setting, the major leak of the Windows 11 development version on June 16 has made the matter less mysterious. Windows 11 will be the main focus of tonight's launch event, and Microsoft has already showcased the most important update of the decade for Windows to us in all aspects before the event.</p><p>However, this press conference is not entirely without its highlights; there are still some details worth paying attention to.</p><p><b>What improvements can Windows 11 make to touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people found that this so-called \"major version\" did not make any significant functional improvements compared to the previous Windows 10, except for some Design adjustments to the interface to make it more in line with Microsoft's Fluent Design language.</p><p>Some users even gave it a Windows 10 skin after experiencing the Windows 11 development version.</p><p>To some extent, Windows 11 is indeed not as significant a design improvement as it was when we switched from Win8 to Win10. However, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which Microsoft has already canceled.</p><p>Features that appeared in the Windows 11 development version, such as \"centering the Start Menu and multitasking on the same screen,\" were originally standard features of Windows 10X.</p><p>Therefore, the leaked Windows 11 is more like an iteration of the previous Windows 10X. However, since 10X is a product designed by Microsoft for dual touch screens, what touch-enabled features Windows 11 will add to the system will be an important point of interest at tonight's launch event.</p><p>Microsoft has confirmed that it plans to \"innovate and develop exciting sensor technologies\" for future versions of Windows. As part of Windows 11 or an upcoming Windows update, popular features such as \"user presence detection,\" gesture detection, and ambient light will be improved to \"deliver a dazzling user experience on Windows.\"</p><p>This means that Microsoft hopes to achieve a fusion of desktop and mobile devices through the new Windows 11. Although Microsoft's current mobile phone projects are basically in a semi-abandoned state, the Surface still requires touch operation to achieve an excellent experience in more usage scenarios. Therefore, the improvements in touch and gestures in Windows 11 are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although MacOS's App Store doesn't have a strong presence, the App Store currently offered by Windows 10 seems even less important in comparison.</p><p>However, this may be greatly improved in Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand new app store that is more inclusive and free. Microsoft plans to introduce more developers to the new app store, such as apps like Chorme or Firefox, which will be available for download in the Microsoft app store in the future.</p><p>Another major improvement will be in the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and make in-app payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this comes true at tonight's press conference, since Microsoft is now uniting with Epic to resist...<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The App Store's high \"Apple tax\". This move could influence the reshuffling of app service pricing methods by large companies like Microsoft, Apple, and Google in the coming years.</p><p>Microsoft recently announced that it will reduce the purchase commission for games listed in its App Store from 30% to 12%. This significant discount has put a lot of pressure on App stores like Steam.</p><p><b>Will Windows 11 focus on improving the user experience for professional users?</b></p><p>As the world's largest desktop operating system, Windows' professional capabilities have been overlooked by many people. In this Windows 11 development version, we actually saw Microsoft's optimizations and improvements for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display for switching between multiple desktops, while also providing better support for multiple monitors. This has, to some extent, solved the problems that high-end users have accumulated over many years regarding multitasking.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>Meanwhile, Windows 11 has also focused more on improving the experience for game users. On this brand-new operating system, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social sections of the Xbox network, and the Xbox Store.</p><p>Meanwhile, Windows 11 has already been tested on XBox, and we hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display or faster game loading speeds, to improve the PC gaming experience.</p><p><b>Free upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we most want to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 7/8 to Windows 10, it used a free upgrade method, allowing all users to upgrade to the corresponding Windows 10 version. We hope that the free service will still appear on Windows 11.</p><p>The market has successfully told Microsoft that there is no point in charging users to upgrade their systems. As an operating system development company, Microsoft relies on OEM licensing and commercial licensing for more of its software revenue. Therefore, it is very likely that Windows 11 will still use the same free upgrade method as Windows 10.</p><p>Although Microsoft has sneaked Windows 11 away, it has actually left us with a lot of suspense. These answers may be revealed when Microsoft officially holds its new product launch event at 11 PM Beijing time on June 24th.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a04bf2da8ab76e823e11aa8e2f8fa5a2","relate_stocks":{"MSFT":"微软"},"source_url":"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121154040","content_text":"北京时间6月24日晚11点，微软将召开一场新品发布会，被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。\n尽管微软并没有在任何的公开场合确认过即将发布的新品，但因为6月16日Windows 11开发版本的重大泄露，让这件事变得没有那么神秘了。Windows 11将会成为今晚发布会的主角，而微软口中Windows十年最重要的更新，也已经在发布会之前就全方位的展示给我们了。\n但关于这场发布会，也不能说完全没有看点，其中还有一些细节值得我们关注。\nWindows 11在触摸和手势上能有何改善？\n\n很多人在体验过Windows 11的开发版本之后，发现这个所谓的“大版本”和之前的Windows 10相比，除了在界面上进行了一些设计调整，让它更贴合微软Fluent Design设计语言外，并让没有非常明显的功能性改进。\n甚至有的用户在体验完Windows 11开发版之后，给它了一个Windows 10皮肤的定位。\n从一定程度上讲，Windows 11确实不如之前从Win8转Win10时，设计改进巨大。但实际上如果你了解之前微软在Windows上的设计演进外，你会发现当下这个版本Windows 11实际上和已经被微软砍掉的Windows 10X有着极为相似的设计。\n包括“开始菜单居中、同屏多任务布局”等等在Windows 11开发版上出现的功能，原来都是Windows 10X的标配。\n所以目前泄露的Windows 11，更像是之前Windows 10X的迭代版本。但由于10X是微软为触摸双屏幕打造的产品，因此Windows 11将会在系统上增加哪些支持触摸操作的特性，将会成为今晚发布会上重要的看点。\n微软方面已经确认，正计划为未来的Windows版本 “创新和开发令人兴奋的传感器技术”。作为Windows 11或即将到来的Windows更新的一部分，“用户存在检测”、手势检测和环境光等流行功能将得到改进，以 “实现Windows上令人眼花缭乱的用户体验”。\n这意味着微软希望通过新的Windows 11来实现桌面和移动端的融合，尽管微软目前的手机项目基本上处于半放弃状态，但Surface依然需要触摸操作来实现在更多使用场景下的出色体验，因此Windows 11在触摸和手势上的改进，非常重要。\n全新的Windows App Store？\n\n尽管MacOS的App Store存在感也不强，但是相比之下，Windows 10目前提供的应用商店显得更加鸡肋。\n不过这件事可能会在今晚到来的Windows 11上大为改善。\n据媒体报道，微软一直在开发一个全新的应用商店，它更加的海纳百川也更加的自由。微软计划在新的应用商店中引入更多的开发者，比如Chorme或者Firefox这样的应用，未来都可以在微软应用商店进行下载。\n另外一个重大的改进，将会是支付机制上。微软或许将在新的应用商店中允许开发者绕过微软的支付机制，通过第三方的支付机制实现App内付款，以换得减免15%的微软抽成。\n如果这件事在今天晚上的发布会上成真，请别惊讶，毕竟微软现在正和Epic统一战线，以抵制苹果App Store高昂的“苹果税”。此举可能会影响到未来几年内，微软、苹果、Google这样的大公司，在应用服务上的收费方式重新洗牌。\n微软最近也宣布了将自家App Store中上架游戏的购买抽成从之前的30%降到12%，这大幅的优惠，让Steam这样的应用商店倍感压力。\nWindows 11将重点提升专业用户的使用感受？\nWindows作为全球最大的桌面操作系统，其专业能力其实一直被很多人忽视。而在此次Windows 11开发版中，我们其实看到了微软对于一些专业用户的优化改进。\n微软在新的Windows 11中，改善了多桌面之间切换的显示方式，同时对于多显示器的支持，也更加的出色，这从一定程度上解决了高端用户对于多任务处理上，多年积累的问题。\n\n同时Windows 11也更专注的改善了游戏用户的体验。在这套全新的操作系统上，新的Xbox应用程序现已集成到Windows 11中，提供对Xbox Game Pass游戏、Xbox网络的社交部分和Xbox商店的快速访问。\n同时目前Windows 11也已经在XBox上进行了测试，我们也希望看到更多XBox的功能被纳入到桌面端来，比如提供自动HDR显示功能，或者是更快的游戏加载速度等等，一次提升PC在游戏方面的体验。\n免费升级？\n\n是的，这是我们最希望在Windows 11上看到的。\n微软之前在Windows 7/8升级Windows 10时，采用了免费升级的方式，所有用户都可以升级对应的Win10版本。我们希望免费这件事，依然会出现在Windows 11上。\n市场已经成功的告诉微软，从用户手里收钱升级系统这件事是没有意义的，微软作为一家操作系统开发公司，更多软件的收入要来自OEM授权和商业许可。因此很有可能Win11依然会采用之前Win10免费升级的方式。\n尽管微软Windows 11已经偷跑，但实际上微软还是留下了不少悬念给我们。北京时间6月24日23点，微软正式召开新品发布会之时，这些答案可能会被揭开。","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":4407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126177046,"gmtCreate":1624549458285,"gmtModify":1703840191538,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126177046","repostId":"1199120523","repostType":4,"repost":{"id":"1199120523","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624541451,"share":"https://ttm.financial/m/news/1199120523?lang=en_US&edition=fundamental","pubTime":"2021-06-24 21:30","market":"us","language":"zh","title":"Opening: Nasdaq and S&P 500 hit new highs! Technology stocks continue their strong performance","url":"https://stock-news.laohu8.com/highlight/detail?id=1199120523","media":"老虎资讯综合","summary":"6月24日（周四），纳斯达克综合指数开盘上涨91.1点，涨幅0.64%，报14362.8点；标普500指数开盘上涨22.36点，涨幅0.53%，报4264.20点；道琼斯指数开盘上涨182.35点，涨","content":"<p>On Thursday, June 24, the Nasdaq Composite Index opened 91.1 points higher, or 0.64%, at 14,362.8. The S&P 500 opened up 22.36 points, or 0.53%, at 4264.20. The Dow Jones Industrial Average opened up 182.35 points, or 0.54%, at 34,056.59.</p><p><img src=\"https://static.tigerbbs.com/95f1bc6c5ee7460a3506f35d137a3a29\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/90f02b2081ef4cd205fc04be09117cd5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>XPeng Motors opened 0.8% higher after announcing that its highest public offering price in Hong Kong would be HK$180 or US$23.19 per share (equivalent to US$46.39 per ADS).</p><p><a href=\"https://laohu8.com/S/UXIN\">Uxin</a>It opened up more than 5%. At today's regular press conference held by the Ministry of Commerce, spokesperson Gao Feng stated that the Ministry of Commerce is working with relevant departments to accelerate the development of the used car market by removing restrictions on the transfer of used cars and facilitating used car transactions.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>It rose more than 8% after its Alzheimer's disease treatment drug donanemab received breakthrough therapy certification from the U.S. Food and Drug Administration.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It opened up 0.51%. Microsoft's stock price hit a record high during trading on Wednesday, with a total market capitalization of $2 trillion. At 23:00 Beijing time tonight, Microsoft will release the new generation of Windows system, Win11. It is understood that the next generation of Windows will provide a variety of features designed for the \"post-pandemic world\".</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose more than 2% in pre-market trading. Previously, the Tesla Model 3 was named the most produced car in the United States in 2021 by Cars.com, an American online car sales service.</p><p>Newly listed stocks, customer experience management platform<a href=\"https://laohu8.com/S/CXM\">sprinkler</a>It rose more than 15%, and closed up 10% on its first day of trading yesterday.</p><p><a href=\"https://laohu8.com/S/LAZR\">luminaire</a>Shares rose more than 10%, indicating that its LiDAR technology will become standard equipment in Volvo's upcoming all-electric flagship car.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: Nasdaq and S&P 500 hit new highs! Technology stocks continue their strong performance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: Nasdaq and S&P 500 hit new highs! Technology stocks continue their strong performance\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-24 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Thursday, June 24, the Nasdaq Composite Index opened 91.1 points higher, or 0.64%, at 14,362.8. The S&P 500 opened up 22.36 points, or 0.53%, at 4264.20. The Dow Jones Industrial Average opened up 182.35 points, or 0.54%, at 34,056.59.</p><p><img src=\"https://static.tigerbbs.com/95f1bc6c5ee7460a3506f35d137a3a29\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/90f02b2081ef4cd205fc04be09117cd5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>XPeng Motors opened 0.8% higher after announcing that its highest public offering price in Hong Kong would be HK$180 or US$23.19 per share (equivalent to US$46.39 per ADS).</p><p><a href=\"https://laohu8.com/S/UXIN\">Uxin</a>It opened up more than 5%. At today's regular press conference held by the Ministry of Commerce, spokesperson Gao Feng stated that the Ministry of Commerce is working with relevant departments to accelerate the development of the used car market by removing restrictions on the transfer of used cars and facilitating used car transactions.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>It rose more than 8% after its Alzheimer's disease treatment drug donanemab received breakthrough therapy certification from the U.S. Food and Drug Administration.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It opened up 0.51%. Microsoft's stock price hit a record high during trading on Wednesday, with a total market capitalization of $2 trillion. At 23:00 Beijing time tonight, Microsoft will release the new generation of Windows system, Win11. It is understood that the next generation of Windows will provide a variety of features designed for the \"post-pandemic world\".</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose more than 2% in pre-market trading. Previously, the Tesla Model 3 was named the most produced car in the United States in 2021 by Cars.com, an American online car sales service.</p><p>Newly listed stocks, customer experience management platform<a href=\"https://laohu8.com/S/CXM\">sprinkler</a>It rose more than 15%, and closed up 10% on its first day of trading yesterday.</p><p><a href=\"https://laohu8.com/S/LAZR\">luminaire</a>Shares rose more than 10%, indicating that its LiDAR technology will become standard equipment in Volvo's upcoming all-electric flagship car.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199120523","content_text":"6月24日（周四），纳斯达克综合指数开盘上涨91.1点，涨幅0.64%，报14362.8点；标普500指数开盘上涨22.36点，涨幅0.53%，报4264.20点；道琼斯指数开盘上涨182.35点，涨幅0.54%，报34056.59点。\n\n\n小鹏汽车开盘涨0.8%，小鹏汽车公布：香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。\n优信开盘涨超5%。在今天商务部举行的例行新闻发布会上，新闻发言人高峰表示，商务部正会同有关部门，围绕取消二手车限迁政策、便利二手车交易等推动二手车市场加快发展。\n礼来开涨逾8%，其阿尔茨海默病治疗药物donanemab获美国食品药品监督管理局突破性疗法认证。\n微软开盘涨0.51%。微软股价周三盘中创历史新高，总市值达两万亿美元。北京时间今晚23:00，微软将发布全新一代Windows系统Win11。据悉，新一代Windows将提供多方面为“后疫情世界”设计的功能。\n特斯拉盘前涨超2%。此前特斯拉Model 3被美国在线汽车销售服务商Cars.com评为2021年美国制造最多的汽车。\n次新股、客户体验管理平台Sprinklr涨超15%，昨日上市首日收涨10%。\nLuminar涨超10%，其激光雷达技术将成为沃尔沃即将推出的全电动旗舰车的标准配备。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":4527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126174678,"gmtCreate":1624549441694,"gmtModify":1703840191053,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126174678","repostId":"1105253990","repostType":4,"repost":{"id":"1105253990","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624543189,"share":"https://ttm.financial/m/news/1105253990?lang=en_US&edition=fundamental","pubTime":"2021-06-24 21:59","market":"us","language":"zh","title":"Chinese concept education stocks rebounded collectively, with Gaotu rising over 7%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1105253990","media":"老虎资讯综合","summary":"周四美股盘中，中概教育股集体走高，截至发稿，$高途(GOTU)$涨7.3%，$掌门教育(ZME)$涨4.23%，$好未来(TAL)$涨4.14%，$新东方(EDU)$涨3.82%。","content":"<p>On Thursday, Chinese education stocks listed in the US concept rose across the board. As of press time,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>Up 7.3%<a href=\"https://laohu8.com/S/ZME\">Zhangmen Education</a>Up 4.23%<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>Up 4.14%<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up 3.82%.</p><p><img src=\"https://static.tigerbbs.com/1361568be6786ad099d75fae05597ac8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Chinese concept education stocks rebounded collectively, with Gaotu rising over 7%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese concept education stocks rebounded collectively, with Gaotu rising over 7%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-24 21:59</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Thursday, Chinese education stocks listed in the US concept rose across the board. As of press time,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>Up 7.3%<a href=\"https://laohu8.com/S/ZME\">Zhangmen Education</a>Up 4.23%<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>Up 4.14%<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up 3.82%.</p><p><img src=\"https://static.tigerbbs.com/1361568be6786ad099d75fae05597ac8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3d0dcd81c76b57c004cab65425452aa1","relate_stocks":{"GOTU":"高途","EDU":"新东方","ZME":"掌门教育","TAL":"好未来"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105253990","content_text":"周四美股盘中，中概教育股集体走高，截至发稿，高途涨7.3%，掌门教育涨4.23%，好未来涨4.14%，新东方涨3.82%。","news_type":1,"symbols_score_info":{"TAL":0.9,"GOTU":0.9,"ZME":0.9,"EDU":0.9}},"isVote":1,"tweetType":1,"viewCount":4777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126175514,"gmtCreate":1624549414038,"gmtModify":1703840189269,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126175514","repostId":"1173297432","repostType":4,"repost":{"id":"1173297432","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624546848,"share":"https://ttm.financial/m/news/1173297432?lang=en_US&edition=fundamental","pubTime":"2021-06-24 23:00","market":"us","language":"zh","title":"Tesla shares rose more than 5%, and the Model 3 and Model Y may sell out in the US.","url":"https://stock-news.laohu8.com/highlight/detail?id=1173297432","media":"老虎资讯综合","summary":"特斯拉的第三季度数据可能会相当令人印象深刻。","content":"<p>Market sources indicate that the current delivery waiting times for the Model 3 and Model Y in the United States partially suggest...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Demand in the United States remains so strong that it may sell out in the third quarter. Both models are expected to be delivered in the third quarter of 2021. The Model Y Long Range Dual Motor AWD version is expected to be delivered in September 2021, while the Model 3 Standard Range and Long Range Dual Motor AWD versions are expected to be delivered in 11 weeks.</p><p>With the Model S and even the Model X joining the competition in the third quarter, Tesla's third-quarter data could be quite impressive. Given that both of these flagship models are high-margin models, Tesla's financial situation in the third quarter may be boosted by the new Model S (and perhaps also a new Model X).</p><p>According to Electrek data, as of May 2021, Tesla models accounted for more than 54% of electric vehicle sales in the United States. In addition, U.S. electric vehicle sales reached 53,779 units in May, a 19.2% increase compared to April 2021.</p><p>As of press time, Tesla shares were up more than 5%.</p><p><img src=\"https://static.tigerbbs.com/4f87da9e5318350fee8df4e0885208cc\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Tesla shares rose more than 5%, and the Model 3 and Model Y may sell out in the US.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla shares rose more than 5%, and the Model 3 and Model Y may sell out in the US.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-24 23:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Market sources indicate that the current delivery waiting times for the Model 3 and Model Y in the United States partially suggest...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Demand in the United States remains so strong that it may sell out in the third quarter. Both models are expected to be delivered in the third quarter of 2021. The Model Y Long Range Dual Motor AWD version is expected to be delivered in September 2021, while the Model 3 Standard Range and Long Range Dual Motor AWD versions are expected to be delivered in 11 weeks.</p><p>With the Model S and even the Model X joining the competition in the third quarter, Tesla's third-quarter data could be quite impressive. Given that both of these flagship models are high-margin models, Tesla's financial situation in the third quarter may be boosted by the new Model S (and perhaps also a new Model X).</p><p>According to Electrek data, as of May 2021, Tesla models accounted for more than 54% of electric vehicle sales in the United States. In addition, U.S. electric vehicle sales reached 53,779 units in May, a 19.2% increase compared to April 2021.</p><p>As of press time, Tesla shares were up more than 5%.</p><p><img src=\"https://static.tigerbbs.com/4f87da9e5318350fee8df4e0885208cc\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9e0d9f23e003547a93295253f05b6a55","relate_stocks":{"TSLA":"特斯拉"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173297432","content_text":"市场消息，Model 3和Model Y目前在美国的交付等待时间部分暗示了特斯拉在美国的需求仍非常强劲，以至于可能会在第三季度销售一空。这两款车型的预计交付日期都要到2021年第三季度。Model Y长续航双电机全轮驱动版(Long Range Dual Motor AWD)预计交付日期为2021年9月，Model 3标准续航版和长续航双电机全轮驱动版预计交付日期为11周。\n随着Model S，甚至Model X在第三季度加入竞争，特斯拉的第三季度数据可能会相当令人印象深刻。考虑到这两款旗舰车都是高利润车型，特斯拉第三季度的财务状况可能会因为新款Model S(或许还有新款Model X)而得到提振。\n另据Electrek数据：截至2021年5月，特斯拉车型占美国电动汽车销量的54%以上。 此外，5月份美国电动汽车销量达到53779辆，比2021年4月增长了19.2%。\n截至发稿，特斯拉涨超5%。","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4037,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167824894,"gmtCreate":1624260788418,"gmtModify":1703831816796,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167824894","repostId":"1171966944","repostType":4,"repost":{"id":"1171966944","kind":"news","pubTimestamp":1624254615,"share":"https://ttm.financial/m/news/1171966944?lang=en_US&edition=fundamental","pubTime":"2021-06-21 13:50","market":"sh","language":"zh","title":"Missing out on SaaS is missing out on this era.","url":"https://stock-news.laohu8.com/highlight/detail?id=1171966944","media":"ToB老人家","summary":"01 人生最重要的决定\n6年前，我作出了人生最重要的一个决定：转行！\n那时我还在如日中天的Oracle公司，虽然传统软件仍然是各大企业的首选，但在资本的助推下，中国SaaS开始崭露头角。\n\n2013到","content":"<p><b>01 The most important decision in life</b></p><p>Six years ago, I made the most important decision of my life: to change careers!</p><p>At that time, I was still at the height of Oracle. Although traditional software was still the first choice for major enterprises, with the help of capital, SaaS in China began to emerge.</p><p><img src=\"https://static.tigerbbs.com/a5c23147277c69f98011dc3b27b8969c\" tg-width=\"208\" tg-height=\"152\" referrerpolicy=\"no-referrer\"></p><p>SaaS Financing Trends in China from 2013 to 2015</p><p>At that time, as a typical European and American company, the world's second-largest software company (first was...)<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Oracle offers very generous benefits: competitive salary, no 996, plus extended annual leave and various training opportunities. But I resolutely gave up all of that and chose to join a SaaS company.<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>The reason is that I have a strong feeling that traditional software is declining, and the future will definitely belong to SaaS.</p><p>More importantly, I realized that for us ordinary IT people, SaaS would be the best opportunity of our time. I even believe that missing out on SaaS is missing out on this era.</p><p><b>02 Trends of the Times</b></p><p>In 2017, Meituan CEO Wang Xing stated in a speech titled \"The Second Half of the Internet\" that a crucial direction for internet entrepreneurship is to deeply penetrate niche industries. It's essential to understand all aspects of the industry, transform it, and create new value. Wang Xing said, \"Taking Meituan-Dianping as an example, previously it focused more on group buying and food delivery, serving consumers.\" However, they are now getting more involved in B-end businesses, such as restaurant management.</p><p>In China, the mobile internet has profoundly changed everyone's life. According to statistics from the China Internet Network Information Center, as of December 2020, China had 986 million mobile internet users. According to statistics from the Qianzhan Industry Research Institute, as of December 2020, the average online time of Chinese mobile internet users had reached 5.72 hours per day.</p><p>When most Chinese people have become<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Heavy mobile phone users mean that businesses must also adapt to the trends of the times and migrate their products and management to the mobile internet.</p><p>However, for the software industry, the mobile internet is more than just apps. The deeper concept lies in: being user-centric and emphasizing the mobile experience; Continuous iteration and rapid adjustment. Compared to traditional software, Chinese SaaS is undoubtedly more in line with the concept of mobile internet. It is an inevitable trend for enterprises to gradually replace traditional software with SaaS software.</p><p><b>03 Take control of your work</b></p><p>Many product managers who work in internal systems have likely experienced a deep sense of powerlessness: the product department is an auxiliary department, always revolving around the business department. If the business department is capable, that's fine; it's just a matter of working a little harder and enjoying the benefits of the company's growth. If the business department lacks capabilities, or the company's business cannot take off, it will be difficult to make a breakthrough by relying solely on the product department. Even product managers can become scapegoats: if the business isn't making progress, what's the point of keeping product managers?</p><p>As a SaaS product manager, I rarely have this kind of trouble.</p><p>First, software products are the main source of profit for SaaS companies, which means that compared to other departments, the product department is the most core business department. Product managers don't need to depend on what other business units think.</p><p>Secondly, most successful SaaS companies meet the needs of a massive number of customers through a standardized product. The overall planning and design of the product will not be affected by the requirements of a particular customer. To reduce distractions for product managers and allow them to focus on building the best products, product managers often have a high degree of autonomy in SaaS companies. This autonomy includes: determining the authenticity of requirements, priority determination, and so on.</p><p>A SaaS founder told me, \"In our company, customers and sales don't count. Product iteration is mainly done by the product department, otherwise the product will become very bloated.\" In fact, this rule is very common in SaaS companies.</p><p>Therefore, as a SaaS product manager, you have more control over your work than an internal product manager.</p><p><b>04 Opportunities for Ordinary People</b></p><p>In the traditional software era, Oracle and SAP dominated multiple industries, such as Huawei, Lenovo, and Volkswagen.<a href=\"https://laohu8.com/S/601988\">BOC</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>They are all their clients. This is because they can conduct large-scale secondary development according to the needs of each customer, thus requiring relatively low product standardization capabilities.</p><p>However, in the SaaS era, there are higher requirements for product standardization capabilities, and a good user experience must also be taken into account. To achieve this, most SaaS products have to focus on a few industries or sectors. For example, even if its market capitalization has surpassed Oracle's<a href=\"https://laohu8.com/S/CRM\">Salesforce</a>(Data as of June 19, 2021), its SaaS products are still focused on the CRM field. And<a href=\"https://laohu8.com/S/WDAY\">Workday</a>Slack and Shopify have become SaaS companies with market capitalizations of hundreds of billions or even trillions of yuan in the fields of HR, office collaboration and e-commerce, respectively.</p><p>Similarly, most SaaS products in China are vertically oriented. For example, SalesEasy in the CRM field, Beisen in the HR field, and Youzan in the e-commerce field, etc. This means that customers across all industries need more SaaS products.</p><p>Unlike companies like BAT (Baidu, Alibaba, Tencent) that value prestigious university backgrounds, SaaS companies place greater emphasis on understanding B2B business. Therefore, for product managers or other positions with a background in small and medium-sized factories, transitioning to SaaS is a more reliable opportunity.</p><p>In addition, compared to foreign countries, SaaS in China started relatively late and still has a lot of room for development. As of June 19, 2021, there were already...<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>SaaS companies with a market capitalization exceeding 1 trillion yuan, such as Salesforce and Shopify. In China, the first SaaS companies to go public, Youzan and Weimob, both had market capitalizations of less than 40 billion yuan during the same period, which is orders of magnitude different from foreign SaaS giants.</p><p>However, for us, the sooner we enter a sunrise industry, the sooner we can enjoy the benefits of its development.</p><p><b>05 Changing the world</b></p><p>Why did I leave the world-renowned Oracle to join an obscure startup? Because of the call of dreams.</p><p>Life is like a river; what matters is not one's noble birth, but its continuous flow that benefits all living beings. A great life is like the Amazon River, which meanders 6,400 kilometers and nourishes 40% of the South American continent.</p><p>The core of SaaS operations is to serve a massive number of enterprises through standardized products. This means that the products we design can be disseminated to millions of companies, bringing them an easier way to work and higher profits. Imagine how fulfilling it would be to design and launch a small feature that could be used by thousands of companies the next day. Moreover, even after leaving the company, the products we were responsible for will continue to benefit society and become a calling card in our lives.</p><p>For example, I was once responsible for an order management SaaS product for small and medium-sized enterprises, which I iterated from being ignored to increasing the number of orders several times over. I also once managed a channel management SaaS product for large enterprises, which not only went from 0 to 1, but I also personally participated in acquiring benchmark clients. Both products are currently developing very well. Although I am no longer in charge, they have left my indelible mark on them.</p><p>Therefore, choosing to be a SaaS product manager is like choosing to be a still river: it is unlikely to be magnificent, but it is likely to meander and flow endlessly.</p><p><b>06 The person closest to the CEO</b></p><p>As the core position of a SaaS company, a SaaS product manager needs to possess comprehensive abilities and a work attitude that strives for excellence.</p><p>In addition to the business streamlining and product design skills that a typical B-end product manager needs, SaaS product managers must also possess a strong business acumen and ownership awareness.</p><p>Customers pay for the right to use SaaS products. Therefore, product positioning and its alignment with customer business will largely determine the fate of a product, which in turn affects the company's revenue and prospects. If a product manager lacks business acumen and a work attitude that pursues excellence, and can only passively design products according to the requirements of their superiors or customers, it will be difficult for such a product manager to stand on their own.</p><p>To reduce corporate training costs and lower the talent threshold, SaaS products strive for high availability, meaning they can be operated without training. At the same time, operational efficiency is also very important, because sometimes even just a few more clicks can put a heavy operational burden on business personnel. This forces SaaS product managers to design every product detail carefully.</p><p>Becoming a SaaS product manager means continuously improving your business awareness and cultivating an excellent work attitude. Therefore, I believe that an excellent SaaS product manager is the person closest to the CEO of a SaaS company.</p><p><b>07 Don't Miss SaaS</b></p><p>SaaS in China is just getting started. As a disruptor of traditional software, SaaS still has a long way to go. For example:</p><p><ul><li>How can SaaS, which seeks standardization, meet the personalized needs of large enterprises?</p><p></li><li>How can vertical SaaS, which operates independently, meet the needs of large enterprises for one-stop solutions?</p><p></li><li>How can we truly empower small and micro enterprises that lack talent and management capabilities through SaaS?</p><p></li><li>In the wave of digitalization, how can we meet the needs of enterprise transformation consulting?</p><p></li><li>In the intelligent era, how can SaaS be integrated with AI?</p><p></li><li>In the context of globalization, how can Chinese SaaS go global?</p><p></li></ul>When faced with new things, ordinary people see difficulties, while experts see opportunities.</p><p>SaaS in China is not perfect; it should be said that there are still quite a few problems. However, for something that represents a trend, the more problems there are, the greater the opportunities. The less perfect it is, the more promising it is.</p><p>This is the worst SaaS, and also the best SaaS. Don't miss out on SaaS, just like don't miss this era.</p>","source":"lsy1624254627080","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>Missing out on SaaS is missing out on this era.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMissing out on SaaS is missing out on this era.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">ToB老人家</strong><span class=\"h-time small\">2021-06-21 13:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>01 The most important decision in life</b></p><p>Six years ago, I made the most important decision of my life: to change careers!</p><p>At that time, I was still at the height of Oracle. Although traditional software was still the first choice for major enterprises, with the help of capital, SaaS in China began to emerge.</p><p><img src=\"https://static.tigerbbs.com/a5c23147277c69f98011dc3b27b8969c\" tg-width=\"208\" tg-height=\"152\" referrerpolicy=\"no-referrer\"></p><p>SaaS Financing Trends in China from 2013 to 2015</p><p>At that time, as a typical European and American company, the world's second-largest software company (first was...)<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Oracle offers very generous benefits: competitive salary, no 996, plus extended annual leave and various training opportunities. But I resolutely gave up all of that and chose to join a SaaS company.<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>The reason is that I have a strong feeling that traditional software is declining, and the future will definitely belong to SaaS.</p><p>More importantly, I realized that for us ordinary IT people, SaaS would be the best opportunity of our time. I even believe that missing out on SaaS is missing out on this era.</p><p><b>02 Trends of the Times</b></p><p>In 2017, Meituan CEO Wang Xing stated in a speech titled \"The Second Half of the Internet\" that a crucial direction for internet entrepreneurship is to deeply penetrate niche industries. It's essential to understand all aspects of the industry, transform it, and create new value. Wang Xing said, \"Taking Meituan-Dianping as an example, previously it focused more on group buying and food delivery, serving consumers.\" However, they are now getting more involved in B-end businesses, such as restaurant management.</p><p>In China, the mobile internet has profoundly changed everyone's life. According to statistics from the China Internet Network Information Center, as of December 2020, China had 986 million mobile internet users. According to statistics from the Qianzhan Industry Research Institute, as of December 2020, the average online time of Chinese mobile internet users had reached 5.72 hours per day.</p><p>When most Chinese people have become<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Heavy mobile phone users mean that businesses must also adapt to the trends of the times and migrate their products and management to the mobile internet.</p><p>However, for the software industry, the mobile internet is more than just apps. The deeper concept lies in: being user-centric and emphasizing the mobile experience; Continuous iteration and rapid adjustment. Compared to traditional software, Chinese SaaS is undoubtedly more in line with the concept of mobile internet. It is an inevitable trend for enterprises to gradually replace traditional software with SaaS software.</p><p><b>03 Take control of your work</b></p><p>Many product managers who work in internal systems have likely experienced a deep sense of powerlessness: the product department is an auxiliary department, always revolving around the business department. If the business department is capable, that's fine; it's just a matter of working a little harder and enjoying the benefits of the company's growth. If the business department lacks capabilities, or the company's business cannot take off, it will be difficult to make a breakthrough by relying solely on the product department. Even product managers can become scapegoats: if the business isn't making progress, what's the point of keeping product managers?</p><p>As a SaaS product manager, I rarely have this kind of trouble.</p><p>First, software products are the main source of profit for SaaS companies, which means that compared to other departments, the product department is the most core business department. Product managers don't need to depend on what other business units think.</p><p>Secondly, most successful SaaS companies meet the needs of a massive number of customers through a standardized product. The overall planning and design of the product will not be affected by the requirements of a particular customer. To reduce distractions for product managers and allow them to focus on building the best products, product managers often have a high degree of autonomy in SaaS companies. This autonomy includes: determining the authenticity of requirements, priority determination, and so on.</p><p>A SaaS founder told me, \"In our company, customers and sales don't count. Product iteration is mainly done by the product department, otherwise the product will become very bloated.\" In fact, this rule is very common in SaaS companies.</p><p>Therefore, as a SaaS product manager, you have more control over your work than an internal product manager.</p><p><b>04 Opportunities for Ordinary People</b></p><p>In the traditional software era, Oracle and SAP dominated multiple industries, such as Huawei, Lenovo, and Volkswagen.<a href=\"https://laohu8.com/S/601988\">BOC</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>They are all their clients. This is because they can conduct large-scale secondary development according to the needs of each customer, thus requiring relatively low product standardization capabilities.</p><p>However, in the SaaS era, there are higher requirements for product standardization capabilities, and a good user experience must also be taken into account. To achieve this, most SaaS products have to focus on a few industries or sectors. For example, even if its market capitalization has surpassed Oracle's<a href=\"https://laohu8.com/S/CRM\">Salesforce</a>(Data as of June 19, 2021), its SaaS products are still focused on the CRM field. And<a href=\"https://laohu8.com/S/WDAY\">Workday</a>Slack and Shopify have become SaaS companies with market capitalizations of hundreds of billions or even trillions of yuan in the fields of HR, office collaboration and e-commerce, respectively.</p><p>Similarly, most SaaS products in China are vertically oriented. For example, SalesEasy in the CRM field, Beisen in the HR field, and Youzan in the e-commerce field, etc. This means that customers across all industries need more SaaS products.</p><p>Unlike companies like BAT (Baidu, Alibaba, Tencent) that value prestigious university backgrounds, SaaS companies place greater emphasis on understanding B2B business. Therefore, for product managers or other positions with a background in small and medium-sized factories, transitioning to SaaS is a more reliable opportunity.</p><p>In addition, compared to foreign countries, SaaS in China started relatively late and still has a lot of room for development. As of June 19, 2021, there were already...<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>SaaS companies with a market capitalization exceeding 1 trillion yuan, such as Salesforce and Shopify. In China, the first SaaS companies to go public, Youzan and Weimob, both had market capitalizations of less than 40 billion yuan during the same period, which is orders of magnitude different from foreign SaaS giants.</p><p>However, for us, the sooner we enter a sunrise industry, the sooner we can enjoy the benefits of its development.</p><p><b>05 Changing the world</b></p><p>Why did I leave the world-renowned Oracle to join an obscure startup? Because of the call of dreams.</p><p>Life is like a river; what matters is not one's noble birth, but its continuous flow that benefits all living beings. A great life is like the Amazon River, which meanders 6,400 kilometers and nourishes 40% of the South American continent.</p><p>The core of SaaS operations is to serve a massive number of enterprises through standardized products. This means that the products we design can be disseminated to millions of companies, bringing them an easier way to work and higher profits. Imagine how fulfilling it would be to design and launch a small feature that could be used by thousands of companies the next day. Moreover, even after leaving the company, the products we were responsible for will continue to benefit society and become a calling card in our lives.</p><p>For example, I was once responsible for an order management SaaS product for small and medium-sized enterprises, which I iterated from being ignored to increasing the number of orders several times over. I also once managed a channel management SaaS product for large enterprises, which not only went from 0 to 1, but I also personally participated in acquiring benchmark clients. Both products are currently developing very well. Although I am no longer in charge, they have left my indelible mark on them.</p><p>Therefore, choosing to be a SaaS product manager is like choosing to be a still river: it is unlikely to be magnificent, but it is likely to meander and flow endlessly.</p><p><b>06 The person closest to the CEO</b></p><p>As the core position of a SaaS company, a SaaS product manager needs to possess comprehensive abilities and a work attitude that strives for excellence.</p><p>In addition to the business streamlining and product design skills that a typical B-end product manager needs, SaaS product managers must also possess a strong business acumen and ownership awareness.</p><p>Customers pay for the right to use SaaS products. Therefore, product positioning and its alignment with customer business will largely determine the fate of a product, which in turn affects the company's revenue and prospects. If a product manager lacks business acumen and a work attitude that pursues excellence, and can only passively design products according to the requirements of their superiors or customers, it will be difficult for such a product manager to stand on their own.</p><p>To reduce corporate training costs and lower the talent threshold, SaaS products strive for high availability, meaning they can be operated without training. At the same time, operational efficiency is also very important, because sometimes even just a few more clicks can put a heavy operational burden on business personnel. This forces SaaS product managers to design every product detail carefully.</p><p>Becoming a SaaS product manager means continuously improving your business awareness and cultivating an excellent work attitude. Therefore, I believe that an excellent SaaS product manager is the person closest to the CEO of a SaaS company.</p><p><b>07 Don't Miss SaaS</b></p><p>SaaS in China is just getting started. As a disruptor of traditional software, SaaS still has a long way to go. For example:</p><p><ul><li>How can SaaS, which seeks standardization, meet the personalized needs of large enterprises?</p><p></li><li>How can vertical SaaS, which operates independently, meet the needs of large enterprises for one-stop solutions?</p><p></li><li>How can we truly empower small and micro enterprises that lack talent and management capabilities through SaaS?</p><p></li><li>In the wave of digitalization, how can we meet the needs of enterprise transformation consulting?</p><p></li><li>In the intelligent era, how can SaaS be integrated with AI?</p><p></li><li>In the context of globalization, how can Chinese SaaS go global?</p><p></li></ul>When faced with new things, ordinary people see difficulties, while experts see opportunities.</p><p>SaaS in China is not perfect; it should be said that there are still quite a few problems. However, for something that represents a trend, the more problems there are, the greater the opportunities. The less perfect it is, the more promising it is.</p><p>This is the worst SaaS, and also the best SaaS. Don't miss out on SaaS, just like don't miss this era.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/uUEIASQB9iioeX9lyS1t8w\">ToB老人家</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4a9699fd03ca97c5defc830f7c544662","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/uUEIASQB9iioeX9lyS1t8w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171966944","content_text":"01 人生最重要的决定\n6年前，我作出了人生最重要的一个决定：转行！\n那时我还在如日中天的Oracle公司，虽然传统软件仍然是各大企业的首选，但在资本的助推下，中国SaaS开始崭露头角。\n\n2013到2015年中国SaaS融资趋势\n当时，作为典型的欧美企业，全球第二大软件公司（第一是微软），Oracle的福利非常优渥：有竞争力的薪酬，没有996，外加超长年假和各种培训机会。但是我毅然放弃这一切，选择加入一家SaaS创业公司，就在于我已经强烈感受到，传统软件正在走向衰败，未来一定属于SaaS。\n更关键的是，我意识到，对于我们这些平凡的IT人来说，SaaS将是这个时代最好的机遇。我甚至认为，错过SaaS，就是错过这个时代。\n02 时代的趋势\n2017年，美团CEO王兴在一场名为“互联网下半场“的演讲中表示：互联网创业的一个重要方向就是深度扎到细分行业里去。要了解行业的方方面面，去改造行业、创造新的价值。王兴说：“以美团点评为例，之前更多都是做团购、外卖，服务于C端。但是现在开始更多介入B端业务，比如餐厅管理等。”\n在中国，移动互联网已经深刻改变了每个人的生活。据中国互联网络信息中心统计，截至2020年12月，中国手机网民已达9.86亿。而据前瞻产业研究院统计，截止2020年12月，中国手机网民网民平均上网时长已达到5.72小时/天。\n当大部分中国人已经成为智能手机重度用户，意味着企业也必须顺应时代潮流，将产品和管理都迁移到移动互联网上。\n但是，对于软件产业来说，移动互联网不仅仅是APP那么简单。更深层次的理念在于：以用户为中心，重视移动端体验；持续迭代，快速调整。而相对于传统软件，中国SaaS无疑更符合移动互联网的理念。企业逐步用SaaS软件替换原有传统软件，是大势所趋。\n03 掌控自己的工作\n相信很多做内部系统的产品经理，都有过深深的无力感：产品部门是辅助部门，永远都围绕着业务部门转。如果业务部门能力强还好，无非是辛苦一点，还能够享受公司成长的红利；如果碰到业务部门能力欠缺，或者公司业务打不开局面，单靠产品部门就很难有突破。甚至产品经理还可能成为替罪羊：业务没有进展，产品经理还留着干嘛？\n作为SaaS产品经理，就很少有这种烦恼。\n首先，软件产品就是SaaS公司的盈利主体，这就意味着，相对于其他部门，产品部才是最核心的业务部门。产品经理不需要看其他业务部门的脸色。\n其次，大多数成功的SaaS公司，都是通过一套标准化产品满足海量客户的需求。不会因为某一个客户的要求，而影响产品的整体规划和设计。为了降低产品经理受到的干扰，让他们集中精力构建最优秀的产品，在SaaS公司，产品经理往往具有高度自主权。这种自主权包括：需求真伪判定、优先级判定等等。\n一位SaaS创始人对我说：“在我们公司，客户和销售说了都不算，产品迭代以产品部为主，否则产品就会变得很臃肿”。实际上，在SaaS公司，这种规则非常普遍。\n因此，作为SaaS产品经理，比内部产品经理更能掌控自己的工作。\n04 平凡人的机遇\n在传统软件时代，Oracle、SAP都是多个行业通吃，比如华为、联想、大众汽车、中国银行、阿里巴巴都是他们的客户。这得益于，他们可以根据每个客户的需求进行大规模二次开发，因此对产品标准化能力要求相对较低。\n但在SaaS时代，对产品标准化能力要求更高，还必须同时兼顾良好的用户体验。为了实现这一点，大部分SaaS产品不得不聚焦于少数行业或领域。比如，即便是市值已经超越Oracle的Salesforce（截止2021/6/19数据），其SaaS产品仍然聚焦于CRM领域。而Workday、Slack、Shopify则分别在HR、办公协同和电商领域成为千亿甚至万亿元市值的SaaS企业。\n同样，中国SaaS也多为垂直化产品。比如，CRM领域的销售易，HR领域的北森，电商领域的有赞等等。这就意味着，各行各业的客户需要更多的SaaS产品。\n不同于BAT等企业看重名校背景，SaaS公司更看重对B端业务的理解。因此，对于中小厂出身的产品经理或者其他岗位来说，转型SaaS才是更靠谱的机会。\n另外，相对于国外，中国SaaS起步较晚，还有很大的发展空间。截止到2021年6月19日，国外已经有Adobe、Salesfore、Shopify等市值超10,000亿元的SaaS企业。而在中国，率先上市的SaaS企业有赞和微盟，同期市值均不到400亿元，和国外SaaS巨头存在数量级的差异。\n但是，对于我们来说，越早进入一个朝阳行业，越早能够享受到行业发展的红利。\n05 改变世界\n为什么我离开世界知名的Oracle公司，跳槽到名不经传的创业公司？因为梦想的召唤。\n人生就像一条河流，重要的不是出身高贵，而是连绵不绝、福泽众生。伟大的人生，就如同亚马孙河，蜿蜒6400公里，哺育了南美大陆40%的面积。\nSaaS经营的核心，是通过标准化产品，服务海量企业。这就意味着，我们设计的产品，可以传播到千千万万企业，给他们带来更轻松的工作方式和更高的利润。想象一下，你设计并上线了一个小功能，第二天就能被上千家企业使用，这是多么有成就感的事情。而且，即便离开了公司，我们曾负责的产品，仍然会源源不断造福社会，成为我们人生的名片。\n比如，我曾经负责过一款面向中小企业的订单管理SaaS产品，将它从乏人问津迭代到订单数量几倍的增长；我还曾经负责过一款面向大型企业的渠道管理SaaS产品，不但实现了0到1，还亲自参与拿下标杆客户。这两款产品目前发展都很不错，虽然我不再负责，但是它们身上已经留下我不可磨灭的烙印。\n因此，选择做SaaS产品经理，就像选择做一条静水长流的小河：它不太可能波澜壮阔，但它很可能蜿蜒绵长，生生不息。\n06 最接近CEO的人\n作为SaaS公司最核心的岗位，SaaS产品经理需要具备全方位的能力，以及追求极致的工作态度。\n除了一般B端产品经理需要具备的业务梳理、产品设计等能力，SaaS产品经理还必须具备较强的商业意识和Owner意识。\n客户为SaaS产品的使用权付费。因此，产品的定位、与客户业务的匹配度会在很大程度上决定一个产品的命运，进而影响到公司的收入和前景。如果产品经理缺乏商业意识，以及追求极致的工作态度，只能被动按照领导或者客户的要求设计产品，这样的产品经理就很难独当一面。\n为了降低企业培训成本，降低人才门槛，SaaS产品非常追求高可用，即不需要培训就能够上手操作。同时，操作效率也非常重要，因为有时候哪怕只是多点击一下，也会对业务人员造成很重的操作负担。这就倒逼SaaS产品经理设计好每一个产品细节。\n成为SaaS产品经理，就意味着需要不断提升商业意识、打磨极致化的工作态度。因此，我认为，优秀的SaaS产品经理，是最接近SaaS公司CEO的人。\n07 不要错过SaaS\n中国SaaS才刚起步。作为传统软件的颠覆者，SaaS还有很长的路要走。比如：\n\n追求标准化的SaaS，如何满足大企业的个性化需求？\n各自为政的垂直型SaaS，如何满足大企业一站式解决方案的需求？\n面对缺乏人才和管理能力的小微企业，如何通过SaaS真正为他们赋能？\n数字化浪潮下，如何满足企业转型咨询的需求？\n智能时代，SaaS如何与AI融合？\n全球化背景下，中国SaaS如何走向世界？\n\n在新事物面前，普通人看到的是困难，而高手看到的则是机会。\n中国SaaS并不完美，应该说，问题还不少。但是，对于一个代表趋势的事物，问题越多，机会越大；越不完美，越有可期。\n这是最坏的SaaS，也是最好的SaaS。不要错过SaaS，就像不要错过这个时代。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167824968,"gmtCreate":1624260773154,"gmtModify":1703831816309,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167824968","repostId":"2145333083","repostType":4,"repost":{"id":"2145333083","kind":"highlight","pubTimestamp":1624255051,"share":"https://ttm.financial/m/news/2145333083?lang=en_US&edition=fundamental","pubTime":"2021-06-21 13:57","market":"sh","language":"zh","title":"Evergrande transfers controlling stake in Jia Kai City, with Xu Jiayin's old friend taking over.","url":"https://stock-news.laohu8.com/highlight/detail?id=2145333083","media":"华尔街见闻","summary":"到手不到五年，许家印把嘉凯城的控制权转给了自己的老朋友。\n6月21日午间嘉凯城公告称，收到控股股东广东广州市凯隆置业有限公司（以下简称“广州凯隆”）通知，公司29.9%的股份将转让给深圳市华建控股有限","content":"<p>Less than five years after acquiring it, Xu Jiayin...<a href=\"https://laohu8.com/S/000918\">Jia Kai City</a>He transferred control to his old friend.</p><p>On the afternoon of June 21, Jia Kai City announced that it had received notification from its controlling shareholder, Guangdong Guangzhou Kailong Real Estate Co., Ltd. (hereinafter referred to as \"Guangzhou Kailong\"), that 29.9% of the company's shares would be transferred to Shenzhen...<a href=\"https://laohu8.com/S/00479\">Huajian Holdings</a>Co., Ltd. (hereinafter referred to as \"Huajian Holdings\"), after the completion of the transaction, the remaining shares of Guangzhou Kailong will account for approximately 27.85% of the company's total shares, and it will voluntarily waive the voting rights of the above shares.</p><p>According to the \"Share Transfer Framework Agreement\" signed between Guangzhou Kailong and Huajian Holdings, the company's control will change after the transaction is completed. However, matters related to the transaction still need to be reviewed by the State Administration for Market Regulation regarding the concentration of undertakings.</p><p>The announcement shows that Huajian Holdings is mainly engaged in equity investment business, and its actual controller is Wang Zhongming.</p><p>In its announcement, Jia Kai City stated that Guangzhou Kailong plans to transfer control of the listed company through an agreement to resolve the issue of competition with the listed company and to protect the interests of minority shareholders.</p><p>According to Jia Kai City's previous announcement, Guangzhou Kailong promised to resolve the issue of competition with Jia Kai City by July 31 this year.</p><p>In August 2016, Evergrande Group acquired 52.78% of Jia Kai City's shares from several state-owned shareholders, thus becoming the controlling shareholder of Jia Kai City.</p><p>In the agreement at the time, Evergrande promised that within one year of the successful equity transfer, Jia Kai City would continue to focus on real estate as its main business, and would complete the resolution of competition issues within three years.</p><p>Three years later, on July 29, 2019, Jia Kai City announced that the competition issue with Evergrande Real Estate would have to be postponed for two years. The main reason is that due to factors such as real estate market regulation and price limits in some cities, real estate sales could not be cleared out in a timely manner. At the same time, Jia Kai City's second main business is in the development stage. In order to ensure the listed company's continued operation, it is not in the interest of all shareholders, especially minority shareholders, to completely clear out the real estate business in the short term.</p><p>However, two years later, Jia Kai City's main business is still real estate sales.</p><p>According to Jia Kai City's financial report, in 2020, its operating revenue was 999 million yuan, a year-on-year decrease of 39.47%, and the net profit attributable to shareholders of the listed company was a loss of 1.261 billion yuan, a year-on-year decrease of 1202.64%. Housing sales contributed the main revenue, amounting to 608 million yuan, a year-on-year decrease of 21.2%, accounting for 60.82% of total revenue.</p><p>The cinema chain, as Jia Kai City's second main business, has not brought Jia Kai City much revenue. As of the end of last year, Jia Kai City's cinema revenue was 238 million yuan, accounting for 23.8% of total revenue, a year-on-year decrease of 61.56%.</p><p>In addition, the first-quarter report shows that Jia Kai City's net cash flow from operating activities was RMB 161 million, its cash and cash equivalents were RMB 104 million, and its short-term borrowings were RMB 286 million. Cash and cash equivalents are clearly insufficient to cover its short-term debts.</p><p>This transaction allowed Evergrande to repatriate funds while resolving the issue of competition within the same industry.</p><p>As for the acquiring party, Wang Zhongming, business registration information shows that Wang Zhongming is the chairman of Shenzhen Cuilin Investment Holding Group Co., Ltd., which previously acquired Evergrande Spring and participated in...<a href=\"https://laohu8.com/S/00708\">Evergrande Auto</a>Strategic investors.</p><p>Currently, business registration information shows that Evergrande Agriculture and Animal Husbandry Group, Evergrande Mineral Water Group, Evergrande Dairy Group, and Evergrande Grain and Oil Group are all wholly owned by Cuilin Investment.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Evergrande transfers controlling stake in Jia Kai City, with Xu Jiayin's old friend taking over.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEvergrande transfers controlling stake in Jia Kai City, with Xu Jiayin's old friend taking over.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-06-21 13:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Less than five years after acquiring it, Xu Jiayin...<a href=\"https://laohu8.com/S/000918\">Jia Kai City</a>He transferred control to his old friend.</p><p>On the afternoon of June 21, Jia Kai City announced that it had received notification from its controlling shareholder, Guangdong Guangzhou Kailong Real Estate Co., Ltd. (hereinafter referred to as \"Guangzhou Kailong\"), that 29.9% of the company's shares would be transferred to Shenzhen...<a href=\"https://laohu8.com/S/00479\">Huajian Holdings</a>Co., Ltd. (hereinafter referred to as \"Huajian Holdings\"), after the completion of the transaction, the remaining shares of Guangzhou Kailong will account for approximately 27.85% of the company's total shares, and it will voluntarily waive the voting rights of the above shares.</p><p>According to the \"Share Transfer Framework Agreement\" signed between Guangzhou Kailong and Huajian Holdings, the company's control will change after the transaction is completed. However, matters related to the transaction still need to be reviewed by the State Administration for Market Regulation regarding the concentration of undertakings.</p><p>The announcement shows that Huajian Holdings is mainly engaged in equity investment business, and its actual controller is Wang Zhongming.</p><p>In its announcement, Jia Kai City stated that Guangzhou Kailong plans to transfer control of the listed company through an agreement to resolve the issue of competition with the listed company and to protect the interests of minority shareholders.</p><p>According to Jia Kai City's previous announcement, Guangzhou Kailong promised to resolve the issue of competition with Jia Kai City by July 31 this year.</p><p>In August 2016, Evergrande Group acquired 52.78% of Jia Kai City's shares from several state-owned shareholders, thus becoming the controlling shareholder of Jia Kai City.</p><p>In the agreement at the time, Evergrande promised that within one year of the successful equity transfer, Jia Kai City would continue to focus on real estate as its main business, and would complete the resolution of competition issues within three years.</p><p>Three years later, on July 29, 2019, Jia Kai City announced that the competition issue with Evergrande Real Estate would have to be postponed for two years. The main reason is that due to factors such as real estate market regulation and price limits in some cities, real estate sales could not be cleared out in a timely manner. At the same time, Jia Kai City's second main business is in the development stage. In order to ensure the listed company's continued operation, it is not in the interest of all shareholders, especially minority shareholders, to completely clear out the real estate business in the short term.</p><p>However, two years later, Jia Kai City's main business is still real estate sales.</p><p>According to Jia Kai City's financial report, in 2020, its operating revenue was 999 million yuan, a year-on-year decrease of 39.47%, and the net profit attributable to shareholders of the listed company was a loss of 1.261 billion yuan, a year-on-year decrease of 1202.64%. Housing sales contributed the main revenue, amounting to 608 million yuan, a year-on-year decrease of 21.2%, accounting for 60.82% of total revenue.</p><p>The cinema chain, as Jia Kai City's second main business, has not brought Jia Kai City much revenue. As of the end of last year, Jia Kai City's cinema revenue was 238 million yuan, accounting for 23.8% of total revenue, a year-on-year decrease of 61.56%.</p><p>In addition, the first-quarter report shows that Jia Kai City's net cash flow from operating activities was RMB 161 million, its cash and cash equivalents were RMB 104 million, and its short-term borrowings were RMB 286 million. Cash and cash equivalents are clearly insufficient to cover its short-term debts.</p><p>This transaction allowed Evergrande to repatriate funds while resolving the issue of competition within the same industry.</p><p>As for the acquiring party, Wang Zhongming, business registration information shows that Wang Zhongming is the chairman of Shenzhen Cuilin Investment Holding Group Co., Ltd., which previously acquired Evergrande Spring and participated in...<a href=\"https://laohu8.com/S/00708\">Evergrande Auto</a>Strategic investors.</p><p>Currently, business registration information shows that Evergrande Agriculture and Animal Husbandry Group, Evergrande Mineral Water Group, Evergrande Dairy Group, and Evergrande Grain and Oil Group are all wholly owned by Cuilin Investment.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3633409\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c6fcdaee085f89a043698b2126b966fe","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3633409","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145333083","content_text":"到手不到五年，许家印把嘉凯城的控制权转给了自己的老朋友。\n6月21日午间嘉凯城公告称，收到控股股东广东广州市凯隆置业有限公司（以下简称“广州凯隆”）通知，公司29.9%的股份将转让给深圳市华建控股有限公司（以下简称“华建控股”），交易完成后，广州凯隆剩余股份约占公司股份总数的27.85%，并将自愿放弃以上股份的表决权。\n按照广州凯隆与华健控股签订的《股份转让框架协议》，交易完成后，公司控制权将发生变更。不过该交易相关事项尚需通过国家市场监督管理总局经营者集中审查。\n公告显示，华健控股主要从事股权投资业务，实际控制人为王忠明。\n嘉凯城在公告中称，广州凯隆是出于解决与上市公司的同业竞争问题，为保障中小股东利益，拟协议转让上市公司控制权。\n按照此前嘉凯城的公告，广州凯隆承诺，要在今年7月31日前，解决与嘉凯城之间的同业竞争问题。\n恒大集团在2016年8月时，从嘉凯城几个国有股东手中，接手了嘉凯城52.78%的股份，并由此成为嘉凯城的控股股东。\n在当时的协议中，恒大承诺股权转让成功后一年内，嘉凯城仍以房地产为主业，3年内则将完成解决同业竞争问题。\n三年过后，在2019年7月29日，嘉凯城称与恒大地产之间的同业竞争问题须延期两年。主要原因在于，由于房地产市场调控及部分城市限价等因素，导致地产销售无法及时出清，同时嘉凯城第二主业出于培养阶段，为保证上市公司持续经营能力，短期内将地产业务全部出清不符合全体股东特别是中小股东的利益。\n只不过两年过去，嘉凯城仍以地产销售为主营业务。\n嘉凯城财报数据显示，2020年全年，其营业收入9.99亿元，同比减少39.47%，归属上市公司股东的净利润亏损12.61亿元，同比减少1202.64%。房屋销售贡献主要营收，为6.08亿元，同比减少21.2%，占营收比重60.82%。\n院线作为嘉凯城的第二主业，则未给嘉凯城带来大量收益。截至去年年末，嘉凯城的院线收入为2.38亿元，占营收比重23.8%，同比减少61.56%。\n此外，一季报数据显示，嘉凯城经营活动产生的现金流量净额为1.61亿元，持有货币资金为1.04亿元，同时短期借款为2.86亿元，货币资金显然难以覆盖其短期债务。\n此次交易则让恒大实现资金回流的同时，解决了同业竞争问题。\n至于接盘方王忠明，工商信息显示，王忠明为深圳市翠林投资控股集团有限公司董事长，翠林投资则分别曾接手恒大冰泉、参与恒大汽车战投。\n目前，工商信息显示，恒大农牧集团、恒大矿泉水集团、恒大乳业集团和恒大粮油集团均为翠林投资全资持有。","news_type":1,"symbols_score_info":{"03333":0.9,"000918":0.9}},"isVote":1,"tweetType":1,"viewCount":3952,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167825746,"gmtCreate":1624260758785,"gmtModify":1703831816148,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167825746","repostId":"1140366799","repostType":4,"repost":{"id":"1140366799","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624257971,"share":"https://ttm.financial/m/news/1140366799?lang=en_US&edition=fundamental","pubTime":"2021-06-21 14:46","market":"hk","language":"zh","title":"Cryptocurrency prices plummeted, with several banks declaring they would not conduct related business.","url":"https://stock-news.laohu8.com/highlight/detail?id=1140366799","media":"老虎资讯综合","summary":"北京时间周一午后，比特币短线下挫1500美元，现报33260.87美元/枚；加密货币以太坊跌破2000美元/枚，日内跌超10%。\n\n农业银行发布声明：我行坚决不开展、不参与任何与虚拟货币相关的业务活动","content":"<p>Bitcoin shares fell $1,500 shortly on Monday afternoon Beijing time, currently trading at $33,260.87 each. The cryptocurrency Ethereum fell below $2,000 per coin, dropping more than 10% intraday.</p><p><img src=\"https://static.tigerbbs.com/6fac185d163f34d53f54a5cf0e55254f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Agricultural Bank of China issued a statement:<b>Our bank resolutely refrains from conducting or participating in any business activities related to virtual currencies, prohibits the entry of customers involved in virtual currency transactions, and will intensify its investigation and monitoring of customer and fund transactions.</b>Upon discovery of any such behavior, measures such as suspending account transactions and terminating customer relationships will be taken immediately, and the relevant departments will be reported in a timely manner. Our bank reiterates that it will strictly implement relevant national regulatory requirements, abide by industry self-regulatory commitments, and resolutely crack down on virtual currency-related business activities. No institution or individual may use our bank's accounts, products, services, etc. for token issuance financing or virtual currency trading.</p><p>Last month, CITIC Bank issued an announcement stating that no institution or individual may use CITIC Bank accounts for activities such as cryptocurrency deposits and withdrawals. According to reports, as early as April 2014, several banks, including China Merchants Bank, Huaxia Bank, China Construction Bank, Bank of China, China Everbright Bank, Ping An Bank, Agricultural Bank of China, Shanghai Pudong Development Bank, Guangfa Bank, Industrial Bank, Industrial and Commercial Bank of China, Bank of Communications, and China Minsheng Bank, announced a ban on Bitcoin transactions, mostly on the grounds of \"protecting the property rights and interests of the public and preventing money laundering risks.\"</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>Cryptocurrency prices plummeted, with several banks declaring they would not conduct related business.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCryptocurrency prices plummeted, with several banks declaring they would not conduct related business.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-21 14:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Bitcoin shares fell $1,500 shortly on Monday afternoon Beijing time, currently trading at $33,260.87 each. The cryptocurrency Ethereum fell below $2,000 per coin, dropping more than 10% intraday.</p><p><img src=\"https://static.tigerbbs.com/6fac185d163f34d53f54a5cf0e55254f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Agricultural Bank of China issued a statement:<b>Our bank resolutely refrains from conducting or participating in any business activities related to virtual currencies, prohibits the entry of customers involved in virtual currency transactions, and will intensify its investigation and monitoring of customer and fund transactions.</b>Upon discovery of any such behavior, measures such as suspending account transactions and terminating customer relationships will be taken immediately, and the relevant departments will be reported in a timely manner. Our bank reiterates that it will strictly implement relevant national regulatory requirements, abide by industry self-regulatory commitments, and resolutely crack down on virtual currency-related business activities. No institution or individual may use our bank's accounts, products, services, etc. for token issuance financing or virtual currency trading.</p><p>Last month, CITIC Bank issued an announcement stating that no institution or individual may use CITIC Bank accounts for activities such as cryptocurrency deposits and withdrawals. According to reports, as early as April 2014, several banks, including China Merchants Bank, Huaxia Bank, China Construction Bank, Bank of China, China Everbright Bank, Ping An Bank, Agricultural Bank of China, Shanghai Pudong Development Bank, Guangfa Bank, Industrial Bank, Industrial and Commercial Bank of China, Bank of Communications, and China Minsheng Bank, announced a ban on Bitcoin transactions, mostly on the grounds of \"protecting the property rights and interests of the public and preventing money laundering risks.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2b6ee35d5e3953381b46896042cc8e62","relate_stocks":{"01288":"农业银行"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140366799","content_text":"北京时间周一午后，比特币短线下挫1500美元，现报33260.87美元/枚；加密货币以太坊跌破2000美元/枚，日内跌超10%。\n\n农业银行发布声明：我行坚决不开展、不参与任何与虚拟货币相关的业务活动，禁止涉及虚拟货币交易客户准入，并将对客户及资金交易加大排查和监测力度。一经发现相关行为，将立即采取暂停账户交易、终止客户关系等措施，并及时报告有关部门。我行重申，将严格落实国家有关监管要求，恪守行业自律承诺，坚决打击虚拟货币相关业务活动，任何机构及个人不得使用我行账户、产品、服务等进行代币发行融资以及虚拟货币交易。\n上月，中信银行发布公告称，任何机构和个人不得将中信银行账户用于加密货币资金充值、提现等活动。而据报道，早在2014年4月，招商银行、华夏银行、建设银行、中国银行、光大银行、平安银行、农业银行、浦发银行、广发银行、兴业银行、工商银行、交通银行、民生银行等多家银行均宣布禁止比特币交易，理由大多为“保护社会公众的财产权益，防范洗钱风险”。","news_type":1,"symbols_score_info":{"01288":0.9}},"isVote":1,"tweetType":1,"viewCount":3850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167825650,"gmtCreate":1624260732370,"gmtModify":1703831815341,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167825650","repostId":"2145085633","repostType":4,"repost":{"id":"2145085633","kind":"news","pubTimestamp":1624258081,"share":"https://ttm.financial/m/news/2145085633?lang=en_US&edition=fundamental","pubTime":"2021-06-21 14:48","market":"us","language":"zh","title":"Baidu manufactures cars, while Geely \"works for them\".","url":"https://stock-news.laohu8.com/highlight/detail?id=2145085633","media":"互联网风云榜","summary":"在互联网造车浪潮中，百度与吉利合资成立的“集度汽车”可谓备受关注。近日，传出相关消息，百度在北京独资成立“集度科技”，另一边吉利汽车研究院有限公司也公开了一项自动驾驶技术领域专利。\n在集度汽车尚未量产","content":"<p>In the wave of internet-based car manufacturing<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Jidu Auto, a joint venture with Geely, has attracted much attention. Recently, news broke that Baidu has established a wholly-owned subsidiary, \"Jidu Technology,\" in Beijing. On the other hand...<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>The research institute company has also published a patent in the field of autonomous driving technology.</p><p>With Jidu Auto not yet in mass production and available for sale, Baidu and Geely seem to have already begun to make their own plans. What kind of development will Jidu Auto have now and in the future?</p><p><b>A desperate gamble to bet on the degree</b></p><p>As one of the three giants of BAT (Baidu, Alibaba, Tencent) in the internet era, Baidu partnered with Alibaba in the mobile internet era.<a href=\"https://laohu8.com/S/00700\">Tencent</a>Compared to its slightly inferior presence, Baidu has found a breakthrough in the next wave of technological advancements amidst the crisis—AI (Artificial Intelligence).<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Baidu's emphasis on AI can be seen from a keynote speech by Lu Qi, then president and COO of Baidu Group. Lu Qi believed that \"AI is a historic opportunity for China, and the depth and breadth of AI's impact on society are unprecedented.\"</p><p>As a result, Baidu proclaimed the slogan \"All in AI\".</p><p>Over the past decade, Baidu's annual R&D investment has accounted for more than 15% of its revenue, with AI technology being a key focus. In 2020...<a href=\"https://laohu8.com/S/000931\">Zhongguancun</a>At the forum, Baidu founder, chairman and CEO Robin Li publicly expressed his attitude towards AI, believing that Baidu's investment in AI is long-term and continuous. AI has lived up to Baidu's expectations, making significant contributions to Baidu's technological innovation in areas such as algorithms, voice interaction, and autonomous driving. It has also added leverage to Baidu, which has been gradually falling behind among the BAT giants.</p><p>Among the technologies derived from AI, autonomous driving technology is a major observation point for judging the strength of a new energy vehicle company in the currently popular new energy vehicle manufacturing industry. Moreover, it coincides with the policy trend of the times, and autonomous driving technology is about to be fully implemented and commercialized. Baidu, which has been dedicated to AI research for many years, has already taken the lead internationally in autonomous driving technology. Some even believe that when the era of autonomous driving and vehicle-road cooperation arrives, Baidu's technology will become the standard for the construction of vehicle-road cooperation systems in China.</p><p>Having mastered key technologies for new energy vehicle manufacturing, Baidu, recalling its past lagging behind in the mobile internet era and missing the migration of PC devices to mobile phones, did not want to miss the construction of the next ecosystem. With its leading position in autonomous driving technology, Baidu decided to enter the car manufacturing market, becoming the only one among the three BAT giants to personally enter the car manufacturing field.</p><p>Baidu, which has personally entered the car manufacturing field, may be the one among the three giants of BAT (Baidu, Alibaba, Tencent) with the greatest degree of freedom and the best understanding of car manufacturing. However, in terms of the timing of its entry and the distance it has traveled, it cannot be said to be the one that has traveled the fastest and farthest.</p><p>Tencent<a href=\"https://laohu8.com/S/NIO\">Nio</a>The automaker holds 10% of the shares, making it the second largest shareholder of Nio. The largest shareholder is Li Bin, the founder of Nio. Baidu is also on the list of shareholders of Nio, but it is understood that Baidu currently only holds about 1% of the shares of Nio.</p><p>Alibaba is<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>The second largest shareholder, holding 12% of the shares, is He Xiaopeng, founder of XPeng Motors. Meanwhile, Alibaba and...<a href=\"https://laohu8.com/S/600104\">SAIC Motor</a>There are also related collaborations in the automotive sector.</p><p>Nio, XPeng, and Li Auto, as leading emerging forces in China's new energy vehicle industry, are undoubtedly powerful. They have all successfully listed on the US stock market, with market capitalizations reaching tens of billions of US dollars. However, as early as 2016, Nio, XPeng, and Li Auto all contacted Baidu in hopes of obtaining funding, but none of them reached a large-scale cooperation agreement. The reason for this may be Baidu's emphasis on autonomous driving and automotive intelligence.</p><p>Baidu's car manufacturing plan may become an \"intelligent transportation plan\". As mentioned earlier, the reason why Baidu is concerned about autonomous driving and intelligence may be because it has missed the lesson of the \"PC → mobile phone\" device replacement. In the layout of intelligent cars, a large mobile device that can be regarded as an ecosystem aggregation terminal, Baidu does not want to give up, but instead plans to get involved and do it itself.</p><p>Thus, Jidu Auto was born. Although the equity structure of Jidu clearly shows that the company's other major shareholder, Geely, holds more than 40% of the shares, Baidu, which holds as much as 55% of the shares, has absolute voting rights. Geely's status at Jidu is like that of a \"worker\" responsible only for production and manufacturing. Behind Baidu's absolute voting rights in Jidu, a question has also been exposed: can Geely be willing to just be an \"employee\"?</p><p><b>Geely: Earn other people's money and create your own dreams</b></p><p>Although Geely has become the top-selling domestic automaker thanks to the success of its gasoline-powered vehicles, it still has a blue dream.</p><p>In 2015, Geely launched the \"Blue Geely Action,\" hoping to achieve the goal of new energy vehicles accounting for more than 90% of total sales by 2020. Five years later, Geely's new energy vehicle sales in 2020 were 68,142 units, accounting for only 5.16% of total sales. Tracing the reasons for Geely's failure, the \"gasoline-to-electric\" route, which remained unchanged, may be the biggest reason.</p><p>Geely's main electric vehicle sales force, the \"Emgrand EV\" series, is derived from the \"gasoline-to-electric\" conversion of the gasoline-powered Emgrand. Although the EV series has changed the power supply from gasoline to electric, the overall structure of the vehicle has not been completely redesigned, and the exterior and most of the structure still use the gasoline model. Electric and gasoline models are difficult to distinguish in appearance, and in terms of pricing, the electric version is nearly half as expensive as the gasoline version, with the gasoline version priced between 69,800 and 100,800 yuan, and the electric version priced between 193,300 and 238,300 yuan.</p><p>For consumers, it is difficult to pay the extra premium for the Geely EV, which has only changed its powertrain but not significantly improved its vehicle configuration. Geely, which is in a new energy dilemma, urgently needs to abandon the \"gasoline-to-electric\" route and increase investment in the research and development of true new energy vehicles.</p><p>This reveals the reasons why Baidu chose Geely as its partner. Along with Baidu's collaboration with Geely in car manufacturing, news broke of the launch of Geely's \"SEA Architecture\" (hereinafter referred to as SEA).</p><p>SEA is a pure electric vehicle production platform developed by Geely with an investment of 18 billion yuan and four years. It can realize the production of models with a wheelbase of 1800mm-3300mm, covering all sizes from A-class to E-class cars. Judging from Baidu's bet on Geely in AI-powered car manufacturing, the SEA production platform has a leading advantage. The reason Baidu chose to partner with Geely to manufacture cars may be precisely because of the strength of the SEA platform.</p><p>Leveraging its SEA platform, Geely also launched a new pure electric model, the \"Jike 001,\" at the beginning of the year. This youthful shooting model features frameless doors, a 0-100 km/h acceleration time of 3.8 seconds, a range of 712km, a vehicle intelligence system, and Yamaha's customized speakers, catering to essential needs.<a href=\"https://laohu8.com/S/DLX\">luxury</a>With its complete configuration, Geely seems to have understood the rules of the new energy vehicle industry. However, facing the huge R&D costs of the SEA platform and new models, Geely, with its tight cash flow, urgently needs to recover its losses. The SEA platform, which cost 18 billion yuan, has become Geely's money-printing machine and working machine.</p><p>As the supply chain for new energy vehicle manufacturing in China gradually improves, internet companies are also entering the market, which is related to the issue of automobile production qualifications. Internet companies often start with contract manufacturing. Nio vehicles are manufactured by JAC, while XPeng vehicles were previously manufactured by...<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>The collection of OEM fees has given Geely the possibility of recovering its losses. Taking NIO and JAC as an example, by the end of 2019, Nio had paid JAC 604 million yuan in OEM fees, which included manufacturing costs and loss compensation. Previously, Geely and Foxconn established a joint venture to provide OEM production and customization consulting services to global automotive and mobility companies.</p><p>Whether in collaborations with Foxconn or Baidu, Geely's role has always been focused on production. Leveraging the productivity of the SEA platform to recoup revenue and support its own R&D investment in new energy vehicles seems to have become Geely's current strategic layout. According to Tianyancha, Geely released a technology patent related to autonomous driving on June 8. Geely, which is making money while developing autonomous driving technology, is clearly not content to just be an employee and is pursuing its dreams for the future.</p><p><b>Jidu's hidden concerns extend beyond Geely's \"multi-tasking\" approach.</b></p><p>Geely's \"cunning rabbit with three burrows\" approach of dividing its eggs into different baskets is ultimately to achieve its own success. Baidu's wholly-owned establishment of \"Jidu Technology\" to provide intelligent technologies such as autonomous driving to Jidu Auto as a technology supplier is \"one must be wary of others\". Baidu and Geely, each with their own ideas, seem unwilling to let their efforts become someone else's dowry, but the rapidly changing new energy market is long gone.</p><p>Previously, competition in the new energy vehicle sector revolved around two core areas: range and intelligence (including autonomous driving, intelligent cockpits, and vehicle networking). Currently, the new energy vehicle industry has the highest market capitalization.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>For example, CEO Elon Musk once said that autonomous driving could enable Tesla's market capitalization to reach $500 billion, which is a fundamental driving force for Tesla.</p><p>Admittedly, Jidu Auto relies on Baidu's autonomous driving technology and Geely's manufacturing capabilities to complement its core competitiveness, but there are many unknowns in this nascent industry.</p><p>Taking Nio, a leading domestic emerging electric vehicle manufacturer, as an example, Nio currently has a market capitalization ahead of emerging players such as Li Auto and XPeng, and its sales in Q1 2021 were also in a leading position. It is Tesla's strongest competitor at present. In addition to its sufficient product capabilities, Nio' advantage lies in its comprehensive service capabilities. This may also be the third competitive advantage extended after range and intelligence in the new energy vehicle market.</p><p>Why is it said that service capabilities extend from battery life and intelligence? Continuing to take NIO as an example, Nio is the only brand in the current new energy vehicle market that provides battery swapping stations for car owners. The essence of battery swapping service is \"energy replenishment,\" which solves the essential problem of electric vehicle range. Currently, the second-generation battery swapping stations updated in Nio are basically on par with gas stations in terms of replenishment time. In the current context of limited electric vehicle range and charging speed, battery swapping, a relatively efficient energy replenishment method, provides users with differentiated product competitiveness when choosing to purchase vehicles. In other words, it relies on the support of services to increase sales.</p><p>Looking back at Jidu Auto, as autonomous driving technology and supply chain gradually mature and become open-source in the future, while Jidu has no shortcomings, it also lacks distinctive features. Nio has a mature service foundation, XPeng has intelligent and autonomous driving and is currently in mass production, and Li Auto has range-extended driving to solve range anxiety. Will Jidu bring surprises to consumers when it launches its mass-produced models, or will it fall into homogeneous competition?</p><p>But recalling what Jidu CEO Xia Yiping said at a media briefing: \"There are no competitors,\" perhaps we should believe Baidu.</p>","source":"lsy1601291937209","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu manufactures cars, while Geely \"works for them\".</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu manufactures cars, while Geely \"works for them\".\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">互联网风云榜</strong><span class=\"h-time small\">2021-06-21 14:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In the wave of internet-based car manufacturing<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Jidu Auto, a joint venture with Geely, has attracted much attention. Recently, news broke that Baidu has established a wholly-owned subsidiary, \"Jidu Technology,\" in Beijing. On the other hand...<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>The research institute company has also published a patent in the field of autonomous driving technology.</p><p>With Jidu Auto not yet in mass production and available for sale, Baidu and Geely seem to have already begun to make their own plans. What kind of development will Jidu Auto have now and in the future?</p><p><b>A desperate gamble to bet on the degree</b></p><p>As one of the three giants of BAT (Baidu, Alibaba, Tencent) in the internet era, Baidu partnered with Alibaba in the mobile internet era.<a href=\"https://laohu8.com/S/00700\">Tencent</a>Compared to its slightly inferior presence, Baidu has found a breakthrough in the next wave of technological advancements amidst the crisis—AI (Artificial Intelligence).<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Baidu's emphasis on AI can be seen from a keynote speech by Lu Qi, then president and COO of Baidu Group. Lu Qi believed that \"AI is a historic opportunity for China, and the depth and breadth of AI's impact on society are unprecedented.\"</p><p>As a result, Baidu proclaimed the slogan \"All in AI\".</p><p>Over the past decade, Baidu's annual R&D investment has accounted for more than 15% of its revenue, with AI technology being a key focus. In 2020...<a href=\"https://laohu8.com/S/000931\">Zhongguancun</a>At the forum, Baidu founder, chairman and CEO Robin Li publicly expressed his attitude towards AI, believing that Baidu's investment in AI is long-term and continuous. AI has lived up to Baidu's expectations, making significant contributions to Baidu's technological innovation in areas such as algorithms, voice interaction, and autonomous driving. It has also added leverage to Baidu, which has been gradually falling behind among the BAT giants.</p><p>Among the technologies derived from AI, autonomous driving technology is a major observation point for judging the strength of a new energy vehicle company in the currently popular new energy vehicle manufacturing industry. Moreover, it coincides with the policy trend of the times, and autonomous driving technology is about to be fully implemented and commercialized. Baidu, which has been dedicated to AI research for many years, has already taken the lead internationally in autonomous driving technology. Some even believe that when the era of autonomous driving and vehicle-road cooperation arrives, Baidu's technology will become the standard for the construction of vehicle-road cooperation systems in China.</p><p>Having mastered key technologies for new energy vehicle manufacturing, Baidu, recalling its past lagging behind in the mobile internet era and missing the migration of PC devices to mobile phones, did not want to miss the construction of the next ecosystem. With its leading position in autonomous driving technology, Baidu decided to enter the car manufacturing market, becoming the only one among the three BAT giants to personally enter the car manufacturing field.</p><p>Baidu, which has personally entered the car manufacturing field, may be the one among the three giants of BAT (Baidu, Alibaba, Tencent) with the greatest degree of freedom and the best understanding of car manufacturing. However, in terms of the timing of its entry and the distance it has traveled, it cannot be said to be the one that has traveled the fastest and farthest.</p><p>Tencent<a href=\"https://laohu8.com/S/NIO\">Nio</a>The automaker holds 10% of the shares, making it the second largest shareholder of Nio. The largest shareholder is Li Bin, the founder of Nio. Baidu is also on the list of shareholders of Nio, but it is understood that Baidu currently only holds about 1% of the shares of Nio.</p><p>Alibaba is<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>The second largest shareholder, holding 12% of the shares, is He Xiaopeng, founder of XPeng Motors. Meanwhile, Alibaba and...<a href=\"https://laohu8.com/S/600104\">SAIC Motor</a>There are also related collaborations in the automotive sector.</p><p>Nio, XPeng, and Li Auto, as leading emerging forces in China's new energy vehicle industry, are undoubtedly powerful. They have all successfully listed on the US stock market, with market capitalizations reaching tens of billions of US dollars. However, as early as 2016, Nio, XPeng, and Li Auto all contacted Baidu in hopes of obtaining funding, but none of them reached a large-scale cooperation agreement. The reason for this may be Baidu's emphasis on autonomous driving and automotive intelligence.</p><p>Baidu's car manufacturing plan may become an \"intelligent transportation plan\". As mentioned earlier, the reason why Baidu is concerned about autonomous driving and intelligence may be because it has missed the lesson of the \"PC → mobile phone\" device replacement. In the layout of intelligent cars, a large mobile device that can be regarded as an ecosystem aggregation terminal, Baidu does not want to give up, but instead plans to get involved and do it itself.</p><p>Thus, Jidu Auto was born. Although the equity structure of Jidu clearly shows that the company's other major shareholder, Geely, holds more than 40% of the shares, Baidu, which holds as much as 55% of the shares, has absolute voting rights. Geely's status at Jidu is like that of a \"worker\" responsible only for production and manufacturing. Behind Baidu's absolute voting rights in Jidu, a question has also been exposed: can Geely be willing to just be an \"employee\"?</p><p><b>Geely: Earn other people's money and create your own dreams</b></p><p>Although Geely has become the top-selling domestic automaker thanks to the success of its gasoline-powered vehicles, it still has a blue dream.</p><p>In 2015, Geely launched the \"Blue Geely Action,\" hoping to achieve the goal of new energy vehicles accounting for more than 90% of total sales by 2020. Five years later, Geely's new energy vehicle sales in 2020 were 68,142 units, accounting for only 5.16% of total sales. Tracing the reasons for Geely's failure, the \"gasoline-to-electric\" route, which remained unchanged, may be the biggest reason.</p><p>Geely's main electric vehicle sales force, the \"Emgrand EV\" series, is derived from the \"gasoline-to-electric\" conversion of the gasoline-powered Emgrand. Although the EV series has changed the power supply from gasoline to electric, the overall structure of the vehicle has not been completely redesigned, and the exterior and most of the structure still use the gasoline model. Electric and gasoline models are difficult to distinguish in appearance, and in terms of pricing, the electric version is nearly half as expensive as the gasoline version, with the gasoline version priced between 69,800 and 100,800 yuan, and the electric version priced between 193,300 and 238,300 yuan.</p><p>For consumers, it is difficult to pay the extra premium for the Geely EV, which has only changed its powertrain but not significantly improved its vehicle configuration. Geely, which is in a new energy dilemma, urgently needs to abandon the \"gasoline-to-electric\" route and increase investment in the research and development of true new energy vehicles.</p><p>This reveals the reasons why Baidu chose Geely as its partner. Along with Baidu's collaboration with Geely in car manufacturing, news broke of the launch of Geely's \"SEA Architecture\" (hereinafter referred to as SEA).</p><p>SEA is a pure electric vehicle production platform developed by Geely with an investment of 18 billion yuan and four years. It can realize the production of models with a wheelbase of 1800mm-3300mm, covering all sizes from A-class to E-class cars. Judging from Baidu's bet on Geely in AI-powered car manufacturing, the SEA production platform has a leading advantage. The reason Baidu chose to partner with Geely to manufacture cars may be precisely because of the strength of the SEA platform.</p><p>Leveraging its SEA platform, Geely also launched a new pure electric model, the \"Jike 001,\" at the beginning of the year. This youthful shooting model features frameless doors, a 0-100 km/h acceleration time of 3.8 seconds, a range of 712km, a vehicle intelligence system, and Yamaha's customized speakers, catering to essential needs.<a href=\"https://laohu8.com/S/DLX\">luxury</a>With its complete configuration, Geely seems to have understood the rules of the new energy vehicle industry. However, facing the huge R&D costs of the SEA platform and new models, Geely, with its tight cash flow, urgently needs to recover its losses. The SEA platform, which cost 18 billion yuan, has become Geely's money-printing machine and working machine.</p><p>As the supply chain for new energy vehicle manufacturing in China gradually improves, internet companies are also entering the market, which is related to the issue of automobile production qualifications. Internet companies often start with contract manufacturing. Nio vehicles are manufactured by JAC, while XPeng vehicles were previously manufactured by...<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>The collection of OEM fees has given Geely the possibility of recovering its losses. Taking NIO and JAC as an example, by the end of 2019, Nio had paid JAC 604 million yuan in OEM fees, which included manufacturing costs and loss compensation. Previously, Geely and Foxconn established a joint venture to provide OEM production and customization consulting services to global automotive and mobility companies.</p><p>Whether in collaborations with Foxconn or Baidu, Geely's role has always been focused on production. Leveraging the productivity of the SEA platform to recoup revenue and support its own R&D investment in new energy vehicles seems to have become Geely's current strategic layout. According to Tianyancha, Geely released a technology patent related to autonomous driving on June 8. Geely, which is making money while developing autonomous driving technology, is clearly not content to just be an employee and is pursuing its dreams for the future.</p><p><b>Jidu's hidden concerns extend beyond Geely's \"multi-tasking\" approach.</b></p><p>Geely's \"cunning rabbit with three burrows\" approach of dividing its eggs into different baskets is ultimately to achieve its own success. Baidu's wholly-owned establishment of \"Jidu Technology\" to provide intelligent technologies such as autonomous driving to Jidu Auto as a technology supplier is \"one must be wary of others\". Baidu and Geely, each with their own ideas, seem unwilling to let their efforts become someone else's dowry, but the rapidly changing new energy market is long gone.</p><p>Previously, competition in the new energy vehicle sector revolved around two core areas: range and intelligence (including autonomous driving, intelligent cockpits, and vehicle networking). Currently, the new energy vehicle industry has the highest market capitalization.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>For example, CEO Elon Musk once said that autonomous driving could enable Tesla's market capitalization to reach $500 billion, which is a fundamental driving force for Tesla.</p><p>Admittedly, Jidu Auto relies on Baidu's autonomous driving technology and Geely's manufacturing capabilities to complement its core competitiveness, but there are many unknowns in this nascent industry.</p><p>Taking Nio, a leading domestic emerging electric vehicle manufacturer, as an example, Nio currently has a market capitalization ahead of emerging players such as Li Auto and XPeng, and its sales in Q1 2021 were also in a leading position. It is Tesla's strongest competitor at present. In addition to its sufficient product capabilities, Nio' advantage lies in its comprehensive service capabilities. This may also be the third competitive advantage extended after range and intelligence in the new energy vehicle market.</p><p>Why is it said that service capabilities extend from battery life and intelligence? Continuing to take NIO as an example, Nio is the only brand in the current new energy vehicle market that provides battery swapping stations for car owners. The essence of battery swapping service is \"energy replenishment,\" which solves the essential problem of electric vehicle range. Currently, the second-generation battery swapping stations updated in Nio are basically on par with gas stations in terms of replenishment time. In the current context of limited electric vehicle range and charging speed, battery swapping, a relatively efficient energy replenishment method, provides users with differentiated product competitiveness when choosing to purchase vehicles. In other words, it relies on the support of services to increase sales.</p><p>Looking back at Jidu Auto, as autonomous driving technology and supply chain gradually mature and become open-source in the future, while Jidu has no shortcomings, it also lacks distinctive features. Nio has a mature service foundation, XPeng has intelligent and autonomous driving and is currently in mass production, and Li Auto has range-extended driving to solve range anxiety. Will Jidu bring surprises to consumers when it launches its mass-produced models, or will it fall into homogeneous competition?</p><p>But recalling what Jidu CEO Xia Yiping said at a media briefing: \"There are no competitors,\" perhaps we should believe Baidu.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021062114383077ea37af&s=b\">互联网风云榜</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3d671f82579a0f7a86039a21fe8fc002","relate_stocks":{"09888":"百度集团-W","00175":"吉利汽车","BIDU":"百度"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021062114383077ea37af&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145085633","content_text":"在互联网造车浪潮中，百度与吉利合资成立的“集度汽车”可谓备受关注。近日，传出相关消息，百度在北京独资成立“集度科技”，另一边吉利汽车研究院有限公司也公开了一项自动驾驶技术领域专利。\n在集度汽车尚未量产发售的当下，百度与吉利似乎已经开始打起了各自的小算盘，集度汽车的现在与未来会有怎样的发展呢？\n孤注一掷押注集度\n作为互联网时代的BAT三巨头之一，百度在移动互联网时代与阿里腾讯相比存在感稍有逊色，危机之下百度为自己在下一波科技浪潮中寻找了一个突破口——AI（人工智能），百度对于AI的重视，从时任百度集团总裁兼COO陆奇的一次主题演讲中可以发现，陆奇认为：“AI是中国的历史性机遇，AI对社会的影响深度和广度都是空前的。”\n由此，百度喊出了“All in AI”的口号。\n过去的十年百度每年的研发投入占营收的15%以上，其中AI技术是百度的重点布局，2020中关村论坛上百度创始人、董事长兼CEO李彦宏曾公开表示对于AI的态度，他认为百度对AI的投入是长期的、持续的。AI不负百度重望，在算法、语音交互、自动驾驶等领域为百度技术的革新贡献了重要力量，也为在BAT三巨头中逐渐掉队的百度再次增添了筹码。\n而在AI衍生出的相关技术中，自动驾驶技术在当下热门的新能源造车行业中，是评判一家新能源车企是否具有实力的主要观察点，并且又恰逢政策的时代趋势，自动驾驶技术即将完全落地商用。潜心钻研AI多年的百度，在自动驾驶技术上已经走在了国际前沿，甚至有声音认为，在自动驾驶与车路协同时代到来时，百度的技术将成为中国车路协同系统建设的制定标准。\n掌握新能源造车关键技术的百度，回忆起曾经在移动互联网时代的掉队，错过了PC设备向手机迁移的百度不想再错过下一个生态的建设，凭借在自动驾驶技术的领先，百度决定入局造车，成为了BAT三巨头中目前亲自下场造车的独一家。\n亲自下场造车的百度，可能是BAT三巨头中对造车这件事自由度最高和最了解的那个，但在入局时间和跑出去的距离上，称不上是跑的最快最远的那个。\n腾讯对蔚来汽车持股10%，是蔚来的第二大股东，第一大股东为蔚来创始人李斌，在蔚来的股东名单中也有百度的身影，但据了解目前百度只持有蔚来1%左右的股份。\n阿里则是小鹏汽车的第二大股东，持股比例12%，第一大股东为小鹏汽车创始人何小鹏，同时，阿里与上汽集团也在汽车领域有相关合作。\n蔚来、小鹏、理想作为国内新能源汽车的头部新势力，毫无疑问是具有实力的，如今都已成功登陆美股上市，市值均达到了百亿美元级别，但最早在2016年，蔚来、小鹏、理想都曾与百度接触希望拿到资金，但均未达成大规模的合作，究其原因或许是百度对自动驾驶和汽车智能的重视。\n百度的造车计划或许可以成为“智能交通计划”，前文已经提到百度之所以在意自动驾驶和智能的原因，或许是因为已经错过了“PC→手机”的设备更迭的教训，在智能汽车这个可以被看做一个生态集合终端的大型移动设备的布局上，百度不想拱手相让，而是打算自己下场亲自来做。\n由此，集度汽车诞生，虽然在集度的股权构成中，可以清晰的看到公司另一大股东吉利持股超过40%，但持股高达55%的百度拥有绝对投票权，吉利在集度的身份像是一个只负责生产制造的“工人”，百度对集度拥有绝对投票权的背后也暴露了一个问题，吉利能甘心只做一个“打工仔”吗？\n吉利：赚别人的钱，造自己的梦\n虽然凭借燃油车的成功，吉利已经成为了自主车企的销量王，但吉利依然有着一个蓝色的梦想。\n2015年吉利发布“蓝色吉利行动”，希望在2020年达成新能源汽车占总销量90%以上的目标。五年过去，吉利2020年新能源汽车销量为68142辆，仅占总销量的5.16%，追溯吉利失败的原因，换汤不换药的“油改电”路线或许是最大原因。\n吉利目前电动车销量的主力“帝豪EV”系列，就是由燃油车型帝豪“油改电”而来，EV系列虽然将动力的提供方式从燃油改为电动，但车身整体结构并未完全重新设计，外观以及大部分结构仍是沿用燃油车型。电动与燃油车型在外观上难以分辨，并且在定价上，电动版比燃油版却贵了接近一半，燃油版售价为6.98-10.08万元，电动版售价为19.33-23.83万元。\n对于消费者而言，面对只是动力方式发生改变，车辆配置却没有很大提升的帝豪EV，很难为多出的溢价买单，陷入新能源困境的吉利，亟需舍弃“油改电”的路线，在真正的新能源汽车研发上加大投入。\n由此，百度选择吉利作为合作伙伴的原因也浮出水面。随百度与吉利合作造车一起传出消息的是吉利“SEA浩瀚架构”（后简称SEA）的问世。\nSEA是吉利投入180亿元，花费四年时间研制的纯电车型生产平台，可实现轴距1800mm-3300mm的车型生产，从A级车到E级车全尺寸覆盖。从百度把AI造车的赌注压在吉利身上来看，SEA生产平台有着领先优势。百度选择与吉利合作造车的原因，或许正是因为SEA平台的强大。\n凭借SEA平台，吉利也在年初推出全新纯电车型“极氪001”，年轻的猎装车型加上无边框车门的外观，3.8秒的百公里加速加上712km的续航，车辆智能系统加上雅马哈的定制音箱，从刚需到豪华配置一应齐全，吉利似乎是搞懂了新能源汽车赛道的规则，但面对SEA平台与新车型巨大的研发成本支出，现金流紧绷的吉利亟需回血，耗费了180亿资金的SEA平台成了吉利的印钞机兼打工机器。\n当下国内新能源造车的供应链逐渐完善，互联网企业又纷纷入局造车，关系到汽车生产资质问题，互联网企业造车起步往往采用代工生产的方式，蔚来汽车由江淮代工，小鹏汽车此前是由海马汽车代工，代工费用的收取给了吉利回血的可能性，以蔚来江淮为例，截止2019年底，蔚来已向江淮支付6.04亿元的代工费用，其中包含制造费和亏损补偿费，此前吉利与富士康成立合资公司为全球汽车及出行企业提供代工生产及定制顾问服务。\n无论是在富士康还是百度的合作中，吉利所扮演的角色重点都在于生产，凭借SEA平台的生产力回血，反哺自家新能源车型的研发投入似乎成了吉利当下的战略布局。据天眼查显示，吉利在6月8日公开了一项自动驾驶相关技术专利，一边赚钱一边搞起自动驾驶研发的吉利，显然不甘心只做打工仔，而是逐梦未来。\n集度的隐忧不止吉利的“一心多用”\n吉利“狡兔三窟”把鸡蛋分在不同的篮子里终究是为了成就自己，百度独资成立“集度科技”以技术供应商的身份向集度汽车提供自动驾驶等智能相关技术是“防人之心不可无”。各怀心思的百度与吉利似乎都不想让自己的努力成了他人的嫁妆，但瞬息万变的新能源市场却早已不复当日。\n此前新能源汽车赛道的竞争围绕两个核心，一是续航，二是智能（其中包括自动驾驶、智能座舱、车联网等），以目前新能源汽车行业市值最高的特斯拉为例，其CEO埃隆·马斯克曾表示，自动驾驶可以让特斯拉市值达到5000亿美元，是特斯拉的一个基本驱动力。\n诚然，集度汽车依靠百度的自动驾驶技术，吉利的生产制造能力补全了核心竞争力，但在这个刚起步的新兴行业中，存在更多的是未知。\n以国内造车新势力中处于领跑地位的蔚来为例，蔚来目前市值领先于理想、小鹏等新势力，2021年Q1销量也处于领先地位，是特斯拉当下最有力的竞争者，蔚来领先的原因除产品力足够之外，优势在于完善的服务能力，这或许也是新能源汽车市场中，在续航与智能后延伸出的第三个竞争力。\n为什么说服务力是从续航与智能中延伸出的？继续以蔚来举例，蔚来是当下新能源汽车市场中唯一为车主配有换电站的品牌，换电这项服务的本质是“补能”，解决的是电动车续航的刚需问题，目前蔚来更新的二代换电站，在补能时间上基本与加油站持平，在电动车续航里程和充电速度有限的当下，换电这种相对高效的补能方式在用户选择购买车辆时，提供了差异化的产品竞争力，也就是依靠服务的加持促使销量的提升。\n重新回到集度汽车来看，未来自动驾驶技术与供应链逐渐成熟开源的情况下，集度虽然没有短板，但同样没有特点，蔚来有建设成熟的服务基础，小鹏有智能与自动驾驶并且当下已经量产，理想有增程式解决续航的焦虑问题，集度在量产车型推出时会给消费者带来惊喜，还是陷入同质化的竞争？\n但想起集度CEO夏一平在媒体沟通会上说的那句“没有竞品”，或许应该相信百度。","news_type":1,"symbols_score_info":{"09888":0.6,"00175":0.9,"BIDU":0.9}},"isVote":1,"tweetType":1,"viewCount":4886,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167825191,"gmtCreate":1624260712513,"gmtModify":1703831815178,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167825191","repostId":"1114465112","repostType":4,"repost":{"id":"1114465112","kind":"news","pubTimestamp":1624259224,"share":"https://ttm.financial/m/news/1114465112?lang=en_US&edition=fundamental","pubTime":"2021-06-21 15:07","market":"sh","language":"zh","title":"Why is hair transplantation so expensive? Yonghe Medical's prospectus reveals \"secrets\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1114465112","media":"界面新闻","summary":"靠营销拉动收入增长。","content":"<p><div>In recent years, \"hair loss anxiety\" has frequently become a hot topic on social media. Hair loss not only affects middle-aged people, but also troubles young people in their 20s. With increasing attention, the Hong Kong stock market is about to welcome its first hair transplant company. Yonghe Medical, a hair medical service provider, has officially submitted its prospectus and is about to list on the Hong Kong Stock Exchange. Previously, the Hong Kong IPO of Times Angel (6699.HK), a dental invisible orthodontic company, was oversubscribed by retail investors by more than 2,000 times, which makes it easy to imagine the popularity of Yonghe Medical's listing. The fur business is growing rapidly, and hair loss is a global problem. Public data shows that hair loss in Western countries accounts for...</p><p><a href=\"https://www.jiemian.com/article/6256453.html\">Web page link</a></div></p>","source":"jm","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>Why is hair transplantation so expensive? Yonghe Medical's prospectus reveals \"secrets\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy is hair transplantation so expensive? Yonghe Medical's prospectus reveals \"secrets\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">界面新闻</strong><span class=\"h-time small\">2021-06-21 15:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>In recent years, \"hair loss anxiety\" has frequently become a hot topic on social media. Hair loss not only affects middle-aged people, but also troubles young people in their 20s. With increasing attention, the Hong Kong stock market is about to welcome its first hair transplant company. Yonghe Medical, a hair medical service provider, has officially submitted its prospectus and is about to list on the Hong Kong Stock Exchange. Previously, the Hong Kong IPO of Times Angel (6699.HK), a dental invisible orthodontic company, was oversubscribed by retail investors by more than 2,000 times, which makes it easy to imagine the popularity of Yonghe Medical's listing. The fur business is growing rapidly, and hair loss is a global problem. Public data shows that hair loss in Western countries accounts for...</p><p><a href=\"https://www.jiemian.com/article/6256453.html\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.jiemian.com/article/6256453.html\">界面新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f37cb026a48be54d987e53bd5654558b","relate_stocks":{},"source_url":"https://www.jiemian.com/article/6256453.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114465112","content_text":"近年来，“脱发焦虑”频频成为社交媒体上热议的话题。脱发不仅影响着中年人，也困扰着20岁的年轻人们。随着受关注度提高，港股也即将迎来第一家植发企业。\n毛发医疗服务商雍禾医疗已正式递交招股说明书，即将登陆港股。此前，牙科隐形矫治公司时代天使（6699.HK）港股IPO获得散户超2000倍超额认购，由此不难想象雍禾医疗上市受追捧程度。\n毛发生意增速凶猛\n脱发是个世界难题。公开数据显示，西方国家脱发人群占比超过40%。弗若斯特沙利文数据显示，中国2020年有约2.51亿人患有脱发。植发作为一种治疗脱发的手术，该市场目前正快速成长。\n医学上，引起脱发的原因较多，包括雄激素过高引发的雄性激素脱发、化疗等引发的药物性脱发、自身免疫疾病引发的斑秃等。其中雄性激素脱发占脱发人群比重超过90%，雄激素受体（AR）被认为是导致雄激素性脱发的关键机制，国内企业开拓药业（09939.HK）等正开发靶向AR的治疗脱发药物；较为罕见的斑秃，属于自身免疫疾病，此前在该领域获得成功的JAK抑制剂的辉瑞、礼来等药企正在开发相关适应症。\n雍禾医疗正是市场涌现的植发机构之一，取得了颇高市场认知。招股书显示，目前雍禾医疗在国内50个城市经营51家医疗机构，覆盖25个省、市、自治区，是国内最大连锁植发医疗机构。其中26家医疗机构为1年间新开业。\n数据显示，2018年至2020年期间，雍禾医疗触及患者由3.52万人大幅增加至9.11万人，复合增速达60.87%，也反应了市场对毛发管理需求的快速增长。实际上，除了雍禾医疗等植发服务机构，脱发药物业务也是近年来热门方向之一。\n雍禾医疗快速扩张领先于同行。弗若斯特沙利文报告指出，2020年国内植发医疗服务市场达134亿元，并预测未来将以18.9%的速度增长，2030年市场容量可达756亿元。按雍禾医疗2020年14.13亿元植发服务收入计算，目前市占率达10.54%。\n头顶上的生意方兴未艾\n2018至2020年，雍禾医疗的营业收入分别为9.34亿、12.2亿、16.4亿，复合年增长率达32.4%，这一增速足见植发领域的市场蓬勃；同期净利润分别实现0.54亿元、0.36亿元以及1.36亿元。\n雍禾医疗的收入主要来源两部分，植发医疗服务以及医疗养固服务。2018至2020年，雍禾医疗植发服务收入由9.18亿元增至14.13亿元，年化复合增速达24.07%。另一块业务医疗养固服务则有望成为雍禾医疗业绩新增长点。2020年公司来自医疗养固服务收入达2.13亿元，同比大幅增加17倍。\n雍禾医疗养固服务源于四年前一笔投资。2017年，雍禾医疗收购史云逊于中国内地的业务，后者是来自英国伦敦专注于提供毛发修复产品和服务的品牌。2018年开始，雍禾医疗开始在医疗养固领域进行尝试。\n相比植发业务，医疗养固可以触及更多患者且市场接受度更高。医疗养固融合医疗器械及药物等多种非手术治疗方式，能够满足存在各种头皮及头发问题的更大患者群体的多样化需求。\n目前，雍禾医疗采取了“店中店”模式，在旗下医疗机构内设立史云逊医学健发中心。在两年的培育后，医疗养固业务收入开始大幅增加；2020年该业务毛利率达73.8%，同比大幅增加41.8个百分点，与植发服务毛利率75.1%基本相当。\n但也正是因为这种“店中店”模式，让雍禾医疗业绩大起大伏。2019年，雍禾医疗在整合医疗养固业务期间，关闭了多家史云逊直营店并开始建立“店中店”模式，导致当年雍禾医疗净利润0.36亿元，同比减少33.3%。\n植发为什么这么贵？\n招股书显示， 2018年、2019年和2020年，患者的费用分别为26097元、27799元和27868元。因此，雍禾医疗平均每位患者的诊疗费在2.7万元左右，这也符合大众对“植发贵”的吐槽。公开数据显示，目前植发的价格为每单位十元起，价格看上去并不算高。但由于一般植发手术需要提取的毛囊单位数量大多都是以千计，一场手术算下来便需要上万元。\n究竟为何植发会如此贵？从雍禾医疗的毛利率与净利率中就能略知一二。\n2018年至2020年，雍禾医疗植发医疗服务的毛利率分别为76.7%、74%和75.1%，与之相比，同期雍禾医疗的净利率分别仅为5.72%、2.91%、9.97%。\n毛利率和净利率之所以相差那么多，主要还是由于销售费用。2018年至2020年，雍禾医疗的销售及营销开支分别为4.64亿元、6.5亿元、7.8亿元，占收入比分别为49.6%、53.1%、47.6%。销售费用几乎掏空了二分之一的营业收入，这也难怪高达75%以上的毛利率，仅有10%不到的净利率。\n另外，2020年雍禾医疗的前五大供应商中，无一例外的全是推广服务的平台。2020年，雍禾医疗向第一大供应商采购金额达到1.14亿元，目的在于透过线上社区进行推广服务。此外，供应商A连续三年均名列前五大供应商，2018年至2020年采购额分别为1.19亿元、1.69亿元和8075万元。供应商A主要为雍禾医疗提供搜索引擎相关广告。\n但与此同时，雍禾医疗研发费用却略显不足。2018年至2020年，其研发费用分别仅为780万元、890万元以及1180万元，占营收比例仅为0.8%、0.7%以及0.7%。\n虽然植发生意如火如荼，但雍禾医疗靠营销拉动的收入增长还能维持多久？","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167822471,"gmtCreate":1624260662493,"gmtModify":1703831814534,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167822471","repostId":"2145085184","repostType":4,"repost":{"id":"2145085184","kind":"highlight","pubTimestamp":1624259407,"share":"https://ttm.financial/m/news/2145085184?lang=en_US&edition=fundamental","pubTime":"2021-06-21 15:10","market":"hk","language":"zh","title":"The new energy pattern is undecided, will they be the next CATL era?","url":"https://stock-news.laohu8.com/highlight/detail?id=2145085184","media":"潮汐商业评论","summary":"不久前，小米公司官网突然出现了许多关于自动驾驶的各类职位，一个明显的信号——小米也要造车了，这已经是造车赛道上数不清的第几名选手。\n近两年来，除了一些传统车企之外，跨界造车也火了，地产造车、互联网造车","content":"<p>Not long ago, many positions about autonomous driving suddenly appeared on Xiaomi's official website. An obvious signal-Xiaomi is also going to build a car, which is already the countless players on the car-building track.</p><p>In the past two years, in addition to some traditional car companies, cross-border car manufacturing has also become popular, including real estate car manufacturing, Internet car manufacturing, express car manufacturing... It has to be said that the gold mine of new energy vehicles has attracted all players.</p><p>However, no matter what kind of car you want to build or how big a \"gold mine\" you dig, you can't do without the merchants who \"sell shovels\" to gold diggers. In the field of new energy vehicles,<a href=\"https://laohu8.com/S/300750\">CATL</a>It is the \"shovel\" businessman that car companies can't live without.</p><p><img src=\"https://static.tigerbbs.com/f164ce269a5bf2af39b7239b5597323c\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>Figure/Pexels</p><p>On the last day of May this year, the market value of CATL exceeded 1 trillion yuan, becoming the first listed company with a market value of over one trillion yuan on GEM-and this figure is equivalent to<a href=\"https://laohu8.com/S/002594\">BYD</a>、<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>as well as<a href=\"https://laohu8.com/S/600104\">SAIC Group</a>The sum of the market value of the three car companies.</p><p>In the market value map of Chinese enterprises, this is the only hard-core technology company from the manufacturing industry outside finance, liquor and the Internet.</p><p>Why CATL? Will there be another such wealth-making myth?</p><p><h2>01 The Myth of Wealth Creation</h2>The success of CATL is no accident.</p><p>At present, the three major businesses of CATL are power battery system, energy storage system and lithium battery materials. Among them, the power battery system is the main source of income in CATL.</p><p>As the most critical component of new energy vehicles at present, power batteries are equivalent to the \"heart\" of electric vehicle industry. It accounts for one-third of the vehicle cost. The cost, range, safety and charging efficiency of a new energy vehicle are closely related to the battery quality.</p><p>Therefore, CATL, which is on the outlet of new energy vehicles, is undoubtedly on the best track, and it is foreseeable that this dividend will last for a long time in the short term.</p><p>In addition, the rise of CATL is inseparable from the boost of BMW Group.</p><p><img src=\"https://static.tigerbbs.com/e0168ac368736b115f1b67c1427ae660\" tg-width=\"640\" tg-height=\"462\" referrerpolicy=\"no-referrer\"></p><p>Figure/Pexels</p><p>In 2012, when BMW Brilliance was preparing for the first high-end pure electric vehicle \"Zino 1E\", it finally decided to give up BYD and choose to cooperate with CATL, which was established only one year ago. Compared with BYD's closed operation mode of self-production and self-use, CATL has adopted completely different development ideas, such as actively opening up supply, and taking into account both lithium iron phosphate and ternary lithium battery to walk on two legs.</p><p>The open attitude has brought many opportunities to CATL. CATL and BMW Group jointly developed the power battery system of \"Zino 1E\", which is manufactured by CATL. Since then, CATL has become the only battery supplier of BMW Group in Greater China.</p><p>With the help of cooperation with BMW, CATL quickly opened up the power battery market and became the first domestic power battery enterprise to successfully enter the supplier system of international automobile companies.</p><p>At present, as the power battery supplier with the highest market share in the world, CATL has the widest customer base in the industry. Not only<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>In the domestic market, CATL is also the core supplier of SAIC, FAW, Geely, Yutong, BAIC,<a href=\"https://laohu8.com/S/NIO\">Nio</a>XPeng and other car companies are equipped with power battery products.</p><p>The huge customer network has brought huge profits to CATL.</p><p>According to the data, from 2018 to 2020, the operating income of CATL was 29.61 billion yuan, 45.79 billion yuan and 50.32 billion yuan respectively, and the net profit reached 3.387 billion yuan, 4.56 billion yuan and 5.583 billion yuan respectively, showing an increasing trend year by year. In the first quarter of this year, CATL achieved an operating income of 19.17 billion yuan and a net profit of 1.952 billion yuan, both of which increased by more than 100%.</p><p>In addition, from the perspective of stock price, since its listing in 2018, the stock price of CATL has been rising all the way, especially last year, because the market demand for new energy vehicles has risen sharply. Compared with the listing, the stock price has risen by more than 16 times, making it a veritable white horse stock.</p><p>In terms of market share, the development momentum of CATL is also very rapid. According to the data, in 2019, the installed capacity of power batteries in CATL accounted for 51.8% of the total installed capacity with an installed capacity of 32.31GWh, ranking first for three consecutive years; BYD, the leader of the second-tier enterprise, has a market share of only 1/3 of that of CATL even if it has the advantage of internal supply.</p><p>In all respects, CATL does match the market value of trillions, and the birth of such a company is inseparable from various factors such as weather (consumption upgrade), geography (good track), people and (own strength).</p><p>It is worth noting that CATL is still expanding this advantage.</p><p>According to public information, CATL has now cut into the travel field in an all-round way. Besides power batteries, its investment fields also include new energy vehicles, autonomous driving, charging piles and other industries.</p><p><img src=\"https://static.tigerbbs.com/7a2db3bfccb0ef66fa8b6d9b352f5953\" tg-width=\"640\" tg-height=\"688\" referrerpolicy=\"no-referrer\"></p><p>Figure/Network</p><p>It can be seen that the ambition of CATL is far from being as simple as a battery supplier.</p><p><h2>02 Pattern Undecided</h2>Although in the short term, no one can surpass the achievements of CATL, it is not without opportunities for other car companies.</p><p>At present, the market of new energy vehicles is undergoing rapid changes, and the competition of new energy vehicles has entered the second half. In this upgrade competition, new energy vehicles are no longer only used as vehicles, but intelligent networking devices with different functions such as energy storage.</p><p>This also means that enterprises will not only focus on the vertical supply chain of new energy vehicles, but also build an ecosystem with new energy vehicles as the core. The development of infrastructure, 5G networks, on-board operating systems and related applications for new energy vehicles to interact with grid energy will accelerate in the next 15 years.</p><p>The upgrading and development of new energy vehicles is bound to touch all aspects of the field, but in the whole industrial chain, the most promising ones are naturally power battery enterprises. After all, no matter how new energy vehicles change and develop, as energy storage devices, power batteries are the most important components of electric vehicles. With the progress of technology, the requirements for batteries will continue to increase.</p><p>In the second half of new energy vehicles, how to solve the problems of mileage and battery safety beaten by fuel vehicles has become the key. Whoever can take the lead in completing the reform can seize the trend in the second half of new energy vehicles.</p><p>Of course, such a test must be faced in CATL.</p><p>At present, the most widely used ternary lithium battery in new energy vehicles is generally made of positive electrode, separator and negative electrode, and then poured into electrolyte. The highest energy density of such battery cells should be about 300Wh/kg, and the plus or minus should not exceed 20Wh/kg. If we want to increase the energy density to 350Wh/kg, we also need to hope for a new generation of lithium-ion batteries or solid-state batteries.</p><p><img src=\"https://static.tigerbbs.com/07c3c8cb8c022762c320ead87cd74c34\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>Figure/Pexels</p><p>In addition, widely used lithium batteries are also potentially dangerous. Once there is a short circuit inside or outside, the battery can release a lot of heat in a very short time, and the flammable liquid electrolyte will ignite at high temperature, eventually causing the battery to catch fire or explode. However, the existing main means to avoid spontaneous combustion are nothing more than adding flame retardant to the electrolyte, optimizing the BMS thermal management system, adopting ceramic coating and high temperature resistant diaphragm, etc.</p><p>However, these methods have not completely eradicated the potential safety hazards of battery systems.</p><p>Therefore, the future battery development in the industry is generally pinned on solid-state batteries, but at present, the domestic solid-state battery development is still a long time away from mass production. CATL also said that this time will be at least until 2030.</p><p>Therefore, at present, enterprises that have failed to grasp the initiative in this round of power batteries have locked their eyes on the track of the next generation of power batteries early. In the next decade, whoever grabs the solid-state battery will grab the opportunity to develop the new energy automobile industry.</p><p>In addition, the shortage of funds is also a thorny problem that major battery companies must face.</p><p>As we all know, new energy vehicles are a very expensive field. At present, China's subsidy policy for new energy has shifted from the most radical stage to a more moderate stage that is gradually dominated by the market. Therefore, those car companies and manufacturers that have developed on government subsidies will have to choose to tighten their belts in the future.</p><p>Data shows that when in 2017 I<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>The subsidy policy has been reduced, and in 2018, the \"double-point policy\" was launched, and the rapid growth of China's power batteries has also come to an end. At the same time, the growth rate of CATL also dropped from a high of 90% to 38.8% in 2019, and then to 9.22% in 2020.</p><p>It can be seen that for CATL, the best era may have passed. Entering the second half of new energy vehicles with intensified industry changes and government subsidy cuts, CATL will usher in new crises and challenges.</p><p><h2>03 Who Will Win?</h2>As the saying goes, it is easy to fight a country, but it is difficult to defend it. In addition to facing the pressure from the second half of new energy vehicles, competitors are eyeing the market share, and CATL should not be underestimated.</p><p>According to the data, in 2019, the installed volume of domestic power battery enterprises ranked as follows: CATL, BYD,<a href=\"https://laohu8.com/S/002074\">Guoxuan Hi-Tech</a>Lishen battery,<a href=\"https://laohu8.com/S/300014\">Yiwei Lithium Energy</a>, AVIC Lithium Battery, Times SAIC,<a href=\"https://laohu8.com/S/688567\">Funeng Technology</a>、<a href=\"https://laohu8.com/S/CBAK\">BAK battery</a>, and<a href=\"https://laohu8.com/S/300207\">Sunwanda</a>。</p><p>From the current industry ranking, battery manufacturers are divided into several echelons. The first echelon is CATL and BYD. From 2016 to now, they have basically stabilized in the top two, and have a relative monopoly position.</p><p>The rest is the second echelon. As of April 2021, among the TOP5 installed capacity of domestic power battery enterprises, apart from CATL and BYD, AVIC Lithium Battery, LG Chem and Guoxuan Hi-Tech are all second echelon players, and their market share is constantly increasing.</p><p>In fact, before 2016, BYD had been firmly<a href=\"https://laohu8.com/S/600482\">China Dynamics</a>Sales champion in the battery market. The turning point began in 2017, when CATL overtook it with its ternary battery, and so far BYD became the \"second child in the millennium\". However, in March last year, Wang Chuanfu, chairman of BYD, launched the blade battery that passed the acupuncture test in a high profile at the online press conference. This battery focuses on safety and low cost, and the battery will also be fully matched to the latest flagship model BYD Han, which has a trend of counterattack.</p><p><img src=\"https://static.tigerbbs.com/77cca43941194a44a9e2296c0b47d224\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>Figure/Pexels</p><p>And Guoxuan Hi-Tech is still a little away from the two. In addition, AVIC Lithium Battery has not yet landed in the capital market, but the data shows that in 2020, the loaded capacity of power batteries of AVIC Lithium Battery will rise to 3.55GWh, with a market share of 5.6%, and its ranking will rise from 6th to 4th, and its own development will be relatively rapid.</p><p>From the research of solid-state batteries, among domestic power battery enterprises, Qingtao Energy, CATL,<a href=\"https://laohu8.com/S/002460\">Ganfeng Lithium</a>Huineng, Beijing Weilan, Kanai New Energy, etc. are all at the forefront of solid-state battery research and development.</p><p>It is understood that Qingtao Energy has developed an all-solid-state battery, with a single energy density of 430Wh/kg and more than 300Wh/g in mass production stage; CATL has made research on polymer solid-state lithium-metal batteries and sulfide-based solid-state batteries;<a href=\"https://laohu8.com/S/01772\">Ganfeng Lithium</a>The R&D pilot production line of the first generation solid-state lithium battery with an annual output of billion watt-hours has been completed for trial production; Weilan New Energy held the foundation stone laying of a solid-state battery project in Jiangsu in 2019, and plans to build a solid-state battery production line with an annual output of 0.1GWh in 2020; Huineng Technology said that it will start trial production of all-solid-state batteries in 2023 and mass production of all-solid-state batteries in 2024.</p><p>On the one hand, car companies are also making every effort to enter the field of battery competition.</p><p>On July 29 last year, Tesla CEO Elon Musk<a href=\"https://laohu8.com/S/WB\">Weibo</a>It was announced that the upcoming power battery business will not only be provided for its own use, but also be sold externally like BYD.</p><p>In addition, Volkswagen, traditional OEMs such as BMW, Geely, Changan, Great Wall and SAIC, as well as new car-making forces, have their own power battery investment layout or production line planning. By setting up joint ventures and self-built battery factories, they have carried out in-depth layout in the field of power batteries, and even have a timetable for mass production of solid-state batteries.</p><p>It is not surprising that OEMs are vigorously deploying power batteries. Although from the current situation, CATL is still in a far leading position. However, temporary technological leadership does not mean forever leading. With the emergence of new technologies, the disappearance of policy subsidies and the catching up of competitors, the battery industry will eventually usher in a big reshuffle.</p><p>The big waves wash the sand, and the sinker is gold; Winds and clouds, the winner is king. Under the fierce competition, we will wait and see whether the miracle of wealth-making in \"CATL\" can continue to be staged.</p>","source":"lsy1606976819935","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The new energy pattern is undecided, will they be the next CATL era?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe new energy pattern is undecided, will they be the next CATL era?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">潮汐商业评论</strong><span class=\"h-time small\">2021-06-21 15:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Not long ago, many positions about autonomous driving suddenly appeared on Xiaomi's official website. An obvious signal-Xiaomi is also going to build a car, which is already the countless players on the car-building track.</p><p>In the past two years, in addition to some traditional car companies, cross-border car manufacturing has also become popular, including real estate car manufacturing, Internet car manufacturing, express car manufacturing... It has to be said that the gold mine of new energy vehicles has attracted all players.</p><p>However, no matter what kind of car you want to build or how big a \"gold mine\" you dig, you can't do without the merchants who \"sell shovels\" to gold diggers. In the field of new energy vehicles,<a href=\"https://laohu8.com/S/300750\">CATL</a>It is the \"shovel\" businessman that car companies can't live without.</p><p><img src=\"https://static.tigerbbs.com/f164ce269a5bf2af39b7239b5597323c\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>Figure/Pexels</p><p>On the last day of May this year, the market value of CATL exceeded 1 trillion yuan, becoming the first listed company with a market value of over one trillion yuan on GEM-and this figure is equivalent to<a href=\"https://laohu8.com/S/002594\">BYD</a>、<a href=\"https://laohu8.com/S/601633\">Great Wall Motors</a>as well as<a href=\"https://laohu8.com/S/600104\">SAIC Group</a>The sum of the market value of the three car companies.</p><p>In the market value map of Chinese enterprises, this is the only hard-core technology company from the manufacturing industry outside finance, liquor and the Internet.</p><p>Why CATL? Will there be another such wealth-making myth?</p><p><h2>01 The Myth of Wealth Creation</h2>The success of CATL is no accident.</p><p>At present, the three major businesses of CATL are power battery system, energy storage system and lithium battery materials. Among them, the power battery system is the main source of income in CATL.</p><p>As the most critical component of new energy vehicles at present, power batteries are equivalent to the \"heart\" of electric vehicle industry. It accounts for one-third of the vehicle cost. The cost, range, safety and charging efficiency of a new energy vehicle are closely related to the battery quality.</p><p>Therefore, CATL, which is on the outlet of new energy vehicles, is undoubtedly on the best track, and it is foreseeable that this dividend will last for a long time in the short term.</p><p>In addition, the rise of CATL is inseparable from the boost of BMW Group.</p><p><img src=\"https://static.tigerbbs.com/e0168ac368736b115f1b67c1427ae660\" tg-width=\"640\" tg-height=\"462\" referrerpolicy=\"no-referrer\"></p><p>Figure/Pexels</p><p>In 2012, when BMW Brilliance was preparing for the first high-end pure electric vehicle \"Zino 1E\", it finally decided to give up BYD and choose to cooperate with CATL, which was established only one year ago. Compared with BYD's closed operation mode of self-production and self-use, CATL has adopted completely different development ideas, such as actively opening up supply, and taking into account both lithium iron phosphate and ternary lithium battery to walk on two legs.</p><p>The open attitude has brought many opportunities to CATL. CATL and BMW Group jointly developed the power battery system of \"Zino 1E\", which is manufactured by CATL. Since then, CATL has become the only battery supplier of BMW Group in Greater China.</p><p>With the help of cooperation with BMW, CATL quickly opened up the power battery market and became the first domestic power battery enterprise to successfully enter the supplier system of international automobile companies.</p><p>At present, as the power battery supplier with the highest market share in the world, CATL has the widest customer base in the industry. Not only<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>In the domestic market, CATL is also the core supplier of SAIC, FAW, Geely, Yutong, BAIC,<a href=\"https://laohu8.com/S/NIO\">Nio</a>XPeng and other car companies are equipped with power battery products.</p><p>The huge customer network has brought huge profits to CATL.</p><p>According to the data, from 2018 to 2020, the operating income of CATL was 29.61 billion yuan, 45.79 billion yuan and 50.32 billion yuan respectively, and the net profit reached 3.387 billion yuan, 4.56 billion yuan and 5.583 billion yuan respectively, showing an increasing trend year by year. In the first quarter of this year, CATL achieved an operating income of 19.17 billion yuan and a net profit of 1.952 billion yuan, both of which increased by more than 100%.</p><p>In addition, from the perspective of stock price, since its listing in 2018, the stock price of CATL has been rising all the way, especially last year, because the market demand for new energy vehicles has risen sharply. Compared with the listing, the stock price has risen by more than 16 times, making it a veritable white horse stock.</p><p>In terms of market share, the development momentum of CATL is also very rapid. According to the data, in 2019, the installed capacity of power batteries in CATL accounted for 51.8% of the total installed capacity with an installed capacity of 32.31GWh, ranking first for three consecutive years; BYD, the leader of the second-tier enterprise, has a market share of only 1/3 of that of CATL even if it has the advantage of internal supply.</p><p>In all respects, CATL does match the market value of trillions, and the birth of such a company is inseparable from various factors such as weather (consumption upgrade), geography (good track), people and (own strength).</p><p>It is worth noting that CATL is still expanding this advantage.</p><p>According to public information, CATL has now cut into the travel field in an all-round way. Besides power batteries, its investment fields also include new energy vehicles, autonomous driving, charging piles and other industries.</p><p><img src=\"https://static.tigerbbs.com/7a2db3bfccb0ef66fa8b6d9b352f5953\" tg-width=\"640\" tg-height=\"688\" referrerpolicy=\"no-referrer\"></p><p>Figure/Network</p><p>It can be seen that the ambition of CATL is far from being as simple as a battery supplier.</p><p><h2>02 Pattern Undecided</h2>Although in the short term, no one can surpass the achievements of CATL, it is not without opportunities for other car companies.</p><p>At present, the market of new energy vehicles is undergoing rapid changes, and the competition of new energy vehicles has entered the second half. In this upgrade competition, new energy vehicles are no longer only used as vehicles, but intelligent networking devices with different functions such as energy storage.</p><p>This also means that enterprises will not only focus on the vertical supply chain of new energy vehicles, but also build an ecosystem with new energy vehicles as the core. The development of infrastructure, 5G networks, on-board operating systems and related applications for new energy vehicles to interact with grid energy will accelerate in the next 15 years.</p><p>The upgrading and development of new energy vehicles is bound to touch all aspects of the field, but in the whole industrial chain, the most promising ones are naturally power battery enterprises. After all, no matter how new energy vehicles change and develop, as energy storage devices, power batteries are the most important components of electric vehicles. With the progress of technology, the requirements for batteries will continue to increase.</p><p>In the second half of new energy vehicles, how to solve the problems of mileage and battery safety beaten by fuel vehicles has become the key. Whoever can take the lead in completing the reform can seize the trend in the second half of new energy vehicles.</p><p>Of course, such a test must be faced in CATL.</p><p>At present, the most widely used ternary lithium battery in new energy vehicles is generally made of positive electrode, separator and negative electrode, and then poured into electrolyte. The highest energy density of such battery cells should be about 300Wh/kg, and the plus or minus should not exceed 20Wh/kg. If we want to increase the energy density to 350Wh/kg, we also need to hope for a new generation of lithium-ion batteries or solid-state batteries.</p><p><img src=\"https://static.tigerbbs.com/07c3c8cb8c022762c320ead87cd74c34\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>Figure/Pexels</p><p>In addition, widely used lithium batteries are also potentially dangerous. Once there is a short circuit inside or outside, the battery can release a lot of heat in a very short time, and the flammable liquid electrolyte will ignite at high temperature, eventually causing the battery to catch fire or explode. However, the existing main means to avoid spontaneous combustion are nothing more than adding flame retardant to the electrolyte, optimizing the BMS thermal management system, adopting ceramic coating and high temperature resistant diaphragm, etc.</p><p>However, these methods have not completely eradicated the potential safety hazards of battery systems.</p><p>Therefore, the future battery development in the industry is generally pinned on solid-state batteries, but at present, the domestic solid-state battery development is still a long time away from mass production. CATL also said that this time will be at least until 2030.</p><p>Therefore, at present, enterprises that have failed to grasp the initiative in this round of power batteries have locked their eyes on the track of the next generation of power batteries early. In the next decade, whoever grabs the solid-state battery will grab the opportunity to develop the new energy automobile industry.</p><p>In addition, the shortage of funds is also a thorny problem that major battery companies must face.</p><p>As we all know, new energy vehicles are a very expensive field. At present, China's subsidy policy for new energy has shifted from the most radical stage to a more moderate stage that is gradually dominated by the market. Therefore, those car companies and manufacturers that have developed on government subsidies will have to choose to tighten their belts in the future.</p><p>Data shows that when in 2017 I<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>The subsidy policy has been reduced, and in 2018, the \"double-point policy\" was launched, and the rapid growth of China's power batteries has also come to an end. At the same time, the growth rate of CATL also dropped from a high of 90% to 38.8% in 2019, and then to 9.22% in 2020.</p><p>It can be seen that for CATL, the best era may have passed. Entering the second half of new energy vehicles with intensified industry changes and government subsidy cuts, CATL will usher in new crises and challenges.</p><p><h2>03 Who Will Win?</h2>As the saying goes, it is easy to fight a country, but it is difficult to defend it. In addition to facing the pressure from the second half of new energy vehicles, competitors are eyeing the market share, and CATL should not be underestimated.</p><p>According to the data, in 2019, the installed volume of domestic power battery enterprises ranked as follows: CATL, BYD,<a href=\"https://laohu8.com/S/002074\">Guoxuan Hi-Tech</a>Lishen battery,<a href=\"https://laohu8.com/S/300014\">Yiwei Lithium Energy</a>, AVIC Lithium Battery, Times SAIC,<a href=\"https://laohu8.com/S/688567\">Funeng Technology</a>、<a href=\"https://laohu8.com/S/CBAK\">BAK battery</a>, and<a href=\"https://laohu8.com/S/300207\">Sunwanda</a>。</p><p>From the current industry ranking, battery manufacturers are divided into several echelons. The first echelon is CATL and BYD. From 2016 to now, they have basically stabilized in the top two, and have a relative monopoly position.</p><p>The rest is the second echelon. As of April 2021, among the TOP5 installed capacity of domestic power battery enterprises, apart from CATL and BYD, AVIC Lithium Battery, LG Chem and Guoxuan Hi-Tech are all second echelon players, and their market share is constantly increasing.</p><p>In fact, before 2016, BYD had been firmly<a href=\"https://laohu8.com/S/600482\">China Dynamics</a>Sales champion in the battery market. The turning point began in 2017, when CATL overtook it with its ternary battery, and so far BYD became the \"second child in the millennium\". However, in March last year, Wang Chuanfu, chairman of BYD, launched the blade battery that passed the acupuncture test in a high profile at the online press conference. This battery focuses on safety and low cost, and the battery will also be fully matched to the latest flagship model BYD Han, which has a trend of counterattack.</p><p><img src=\"https://static.tigerbbs.com/77cca43941194a44a9e2296c0b47d224\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>Figure/Pexels</p><p>And Guoxuan Hi-Tech is still a little away from the two. In addition, AVIC Lithium Battery has not yet landed in the capital market, but the data shows that in 2020, the loaded capacity of power batteries of AVIC Lithium Battery will rise to 3.55GWh, with a market share of 5.6%, and its ranking will rise from 6th to 4th, and its own development will be relatively rapid.</p><p>From the research of solid-state batteries, among domestic power battery enterprises, Qingtao Energy, CATL,<a href=\"https://laohu8.com/S/002460\">Ganfeng Lithium</a>Huineng, Beijing Weilan, Kanai New Energy, etc. are all at the forefront of solid-state battery research and development.</p><p>It is understood that Qingtao Energy has developed an all-solid-state battery, with a single energy density of 430Wh/kg and more than 300Wh/g in mass production stage; CATL has made research on polymer solid-state lithium-metal batteries and sulfide-based solid-state batteries;<a href=\"https://laohu8.com/S/01772\">Ganfeng Lithium</a>The R&D pilot production line of the first generation solid-state lithium battery with an annual output of billion watt-hours has been completed for trial production; Weilan New Energy held the foundation stone laying of a solid-state battery project in Jiangsu in 2019, and plans to build a solid-state battery production line with an annual output of 0.1GWh in 2020; Huineng Technology said that it will start trial production of all-solid-state batteries in 2023 and mass production of all-solid-state batteries in 2024.</p><p>On the one hand, car companies are also making every effort to enter the field of battery competition.</p><p>On July 29 last year, Tesla CEO Elon Musk<a href=\"https://laohu8.com/S/WB\">Weibo</a>It was announced that the upcoming power battery business will not only be provided for its own use, but also be sold externally like BYD.</p><p>In addition, Volkswagen, traditional OEMs such as BMW, Geely, Changan, Great Wall and SAIC, as well as new car-making forces, have their own power battery investment layout or production line planning. By setting up joint ventures and self-built battery factories, they have carried out in-depth layout in the field of power batteries, and even have a timetable for mass production of solid-state batteries.</p><p>It is not surprising that OEMs are vigorously deploying power batteries. Although from the current situation, CATL is still in a far leading position. However, temporary technological leadership does not mean forever leading. With the emergence of new technologies, the disappearance of policy subsidies and the catching up of competitors, the battery industry will eventually usher in a big reshuffle.</p><p>The big waves wash the sand, and the sinker is gold; Winds and clouds, the winner is king. Under the fierce competition, we will wait and see whether the miracle of wealth-making in \"CATL\" can continue to be staged.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/1277721378537729\">潮汐商业评论</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/983e0432c72ee1117f6c5b8a19ed6e25","relate_stocks":{"160640":"新能源","300750":"宁德时代","399941":"新能源","000941.SH":"新能源"},"source_url":"https://36kr.com/p/1277721378537729","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145085184","content_text":"不久前，小米公司官网突然出现了许多关于自动驾驶的各类职位，一个明显的信号——小米也要造车了，这已经是造车赛道上数不清的第几名选手。\n近两年来，除了一些传统车企之外，跨界造车也火了，地产造车、互联网造车，快递造车...不得不说，新能源汽车这座金矿，让所有玩家都趋之如骛。\n然而，不管你要造什么样的车，挖多大的“金矿”，都离不开向淘金客们“卖铲子”的商人。而在新能源汽车领域，宁德时代就是那个车企们都离不开的“铲子”商人。\n\n图/Pexels\n在今年5月的最后一天，宁德时代的市值突破10000亿，成为了创业板首家市值过万亿的的上市公司——而这个数字，相当于比亚迪、长城汽车以及上汽集团三家车企市值之和。\n在中国企业的市值版图里，这是金融、白酒、互联网之外的唯一一家来自制造业的硬核科技公司。\n为什么是宁德时代？这样的造富神话，还会出现下一个吗？\n01 造富神话\n宁德时代的成功绝非偶然。\n目前，宁德时代三大业务分别是动力电池系统、储能系统和锂电池材料。其中，动力电池系统是宁德时代主要的收入来源。\n作为目前新能源汽车的最关键部件，动力电池相当于电动汽车产业的“心脏”。其占整车成本的比重达三分之一。一辆新能源汽车的成本、续航里程、安全性及充电效率等方面，都与电池质量密切相关。\n因此，作为在新能源汽车风口之上的宁德时代无疑正处于最好的赛道之上，并且可以预见的是，在短期内，这种红利还会维持很长时间。\n除此之外，宁德时代的崛起，离不开宝马集团的助推。\n\n图/Pexels\n2012年，华晨宝马在筹备首款高端纯电动汽车“之诺1E”时，最终决定放弃比亚迪，选择和成立仅一年的宁德时代合作。相比比亚迪自产自用的封闭运营模式，宁德时代则采用了完全不同的发展思路，比如积极开放供应，且同时兼顾磷酸铁锂和三元锂电池两条腿走路。\n开放的态度为宁德时代带来了不少机会。宁德时代和宝马集团共同开发了“之诺1E”的动力电池系统，由宁德时代负责生产制造。此后，宁德时代就成了宝马集团在大中华地区唯一一家电池供应商。\n借助与宝马的合作，宁德时代迅速打开了动力电池市场，成为国内首家成功进入国际车企供应商体系的动力电池企业。\n目前，作为全球市占率最高的动力电池供应商，宁德时代拥有业内最广泛的客户基础。不仅是特斯拉、戴姆勒、宝马、大众、丰田、本田、现代等全球知名头部车企的核心供应商，在国内市场，宁德时代同样为上汽、一汽、吉利、宇通、北汽、蔚来、小鹏等车企配套动力电池产品。\n庞大的客户网络为宁德时代带来了巨大的利润。\n数据显示，2018-2020年，宁德时代的营业收入分别为296.1亿元、457.9亿元、503.2亿元，净利润分别达33.87亿元、45.60亿元、55.83亿元，呈现出逐年上涨的态势。今年一季度宁德时代实现营业收入191.7亿元，净利润19.52亿元，涨幅均超过100%。\n另外，从股价看，从2018年上市以后，宁德时代的股价就一路高涨，特别是在去年因为新能源汽车市场需求的展现大幅上扬，股价与上市时相比，已上涨了超16倍，是名副其实的白马股。\n从市占率看，宁德时代的发展势头也非常迅猛，数据显示，2019年动力电池装机量宁德时代以32.31GWh的装机量占总装机量的51.8%，连续三年蝉联第一；二线企业龙头比亚迪，即使有内供的优势，市占率也仅有宁德时代的1/3。\n方方面面来看，宁德时代确实匹配得上万亿市值，而这样一个公司的诞生，也离不开天时（消费升级）地利（好赛道）人和（自身实力）等种种因素。\n值得注意的是，宁德时代还在把这种优势继续扩大。\n公开信息显示，宁德时代目前已经全方位切入到了出行领域，其投资领域除了动力电池之外，还包括新能源汽车、自动驾驶、充电桩等行业。\n\n图/网络\n可以看出，宁德时代的野心，远不是一个电池供应商那么简单。\n02 格局未定\n虽然短期内，宁德时代的成绩还无人能超过，但对于其他车企来说，也并非毫无机会。\n眼下，新能源汽车的市场正在发生快速变革，新能源汽车的竞争已经进入到下半场。在这场升级赛中，新能源汽车不再仅仅作为交通工具，而是具备储能等不同功能的智能网联设备。\n这也意味着，企业们不仅会将重点放在新能源汽车的垂直供应链，还将打造以新能源汽车为核心的生态系统。新能源汽车与电网能量互动的基础设施、5G网络、车载操作系统和相关应用的发展将在未来15年加快脚步。\n新能源汽车升级发展，势必会触及的方方面面的领域，但整个产业链上，最被看好的自然是动力电池企业。毕竟，不管新能源汽车怎样变革发展，作为储能装置，动力电池都堪称电动汽车最重要的部件，随着技术的进步，对电池的要求也会不断提高。\n在新能源汽车的下半场 ，如何解决被燃油车吊打的里程和电池的安全性问题成了关键，谁能率先完成改革，谁就可以在新能源汽车的下半场抓住风口。\n当然，这样的考验，也是宁德时代必须要面对的。\n目前在新能源汽车上最广泛使用的三元锂电池，一般由正极、隔膜、负极，再灌入电解液制造而成，而这样的电池单体能量密度最高应该在300Wh/kg左右，正负不超过20Wh/kg。要想将能量密度提高至350Wh/kg，还需要寄希望于新一代锂离子电池或者固态电池。\n\n图/Pexels\n除此之外，广泛应用的锂电池也具有潜在的危险性，一旦内部或者外部发生短路，在极短的时间内，电池就能释放出大量热量，易燃性的液态电解液在高温下会被点燃，最终导致电池起火或者爆炸。而现有避免自燃的主要手段无外乎，在电解液中添加阻燃剂，优化BMS热管理系统，采用陶瓷涂覆与耐高温的隔膜等等。\n但这些方式并未彻底根除电池系统的安全隐患。\n因此，行业内普遍把未来的电池发展寄托在固态电池上，但目前国内的固态电池发展距离大量量产还有很长一段时间要走，宁德时代也表示，这一时间至少要到2030年。\n因此，目前来看，没能在这一轮动力电池掌握住主动权的企业，都早早地将目光锁定在下一代动力电池的赛道上，下一个十年，谁抢下了固态电池，谁就抢下了在新能源汽车产业发展的先机。\n除此之外，资金短缺也是各大电池企业们必须要面对的棘手问题。\n众所周知，新能源汽车是一个十分烧钱的领域。而目前，中国对新能源的补贴政策已经从最激进的阶段换挡至较为温和、逐步交由市场主导的阶段。因此，那些依靠政府补贴发展起来的车企以及厂商们未来不得不选择勒紧裤腰带。\n数据显示，当2017年我国新能源补贴政策力度减小，2018年全面退坡并推出“双积分政策”，我国动力电池高速增长也暂告一段落。同一时间，宁德时代的增速也从90%的高位，一下降到2019年的38.8%，再到2020年的9.22%。\n可见，对宁德时代来说，最好的时代或许已经过去。进入行业变革加剧、政府补贴削减的新能源汽车下半场，宁德时代将迎来新的危机和挑战。\n03 孰能胜出？\n俗话说，打江山容易，守江山难。除了面对来自新能源汽车下半场的压力之外，竞争对手们对市场份额的虎视眈眈，宁德时代同样不可小觑。\n数据显示，2019年，国内动力电池企业装车量排名分别为：宁德时代、比亚迪、国轩高科、力神电池、亿纬锂能、中航锂电、时代上汽、孚能科技、比克电池、和欣旺达。\n从目前的的行业排名看，电池厂商们被分为了几个梯队。第一个梯队是宁德时代和比亚迪。从2016年到现在，它们基本稳定在前两位，已经具备相对垄断的地位。\n剩下的则是第二梯队，截至2021年4月国内动力电池企业装机量 TOP5中，除了宁德时代和比亚迪之外，还包括中航锂电、 LG化学、国轩高科，都算是第二梯队选手，其市场占有率也在不断提高。\n其实，在2016年以前，比亚迪一直稳居中国动力电池市场的销售冠军。转折始于2017年，宁德时代凭借其三元电池反超，至此比亚迪成了“千年老二”。但在去年3月份，比亚迪董事长王传福在线上发布会上高调推出通过针刺测试的刀片电池，这款电池主打安全性和低成本，电池还将全面搭配到最新的旗舰车型比亚迪汉上面，有反攻的趋势。\n\n图/Pexels\n而国轩高科距离两者还有一点差距。此外，中航锂电目前还未登陆资本市场，但数据显示，2020年，中航锂电的动力电池装车量升至3.55GWh，市场占有率达到5.6%，排名从第6位升至第4位，其自身发展也比较快速。\n从固态电池的研究上看，在国内动力电池企业中，清陶能源、宁德时代、赣锋锂业、辉能、北京卫蓝、卡耐新能源等都走在固态电池研发前列。\n据了解，清陶能源目前已开发出全固态电池，单体能量密度可达到430Wh/kg，量产阶段可达到300Wh/g以上；宁德时代在聚合物固态锂金属电池和硫化物基固态电池方向都有研究；赣锋锂业年产亿瓦时级第一代固态锂电池研发中试生产线已建成试产；卫蓝新能源2019年在江苏举行了固态电池项目奠基，计划于2020年建成年产0.1GWh固态电池生产线；辉能科技称2023年将开始全固态电池试产，2024年全固态电池量产。\n而一边，车企们也在攒足劲头进军电池竞争领域。\n去年7月29日，特斯拉CEO埃隆·马斯克在微博宣布，即将开展的动力电池业务，不仅提供给自己使用，还将与比亚迪一样对外出售。\n除此之外，大众及宝马、吉利、长安、长城和上汽等传统整车厂以及造车新势力们，都有了自己的动力电池投资布局或产线规划，通过成立合资公司、自建电池厂等方式，展开在动力电池领域的深度布局，甚至有了固态电池量产时间表。\n整车厂们大力布局动力电池并不让人感到意外。虽然从目前的形势来看，宁德时代还是处于遥遥领先的地位。但一时的技术领先并不意味着永远领先，随着新技术不断涌现，政策补贴的消失，竞争对手的奋起直追，电池行业终将会迎来一场大洗牌。\n大浪淘沙，沉者为金；风卷残云，胜者为王。在激烈的竞争之下，“宁德时代”版的造富奇迹能否继续上演，我们拭目以待。","news_type":1,"symbols_score_info":{"160640":0.9,"300750":0.9,"399941":0.9,"000941.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167822275,"gmtCreate":1624260629297,"gmtModify":1703831814373,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167822275","repostId":"2145208877","repostType":4,"isVote":1,"tweetType":1,"viewCount":1793,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166571671,"gmtCreate":1624020198393,"gmtModify":1703826721633,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166571671","repostId":"2144445773","repostType":4,"isVote":1,"tweetType":1,"viewCount":1988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166573667,"gmtCreate":1624020174259,"gmtModify":1703826720657,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166573667","repostId":"1160653665","repostType":4,"repost":{"id":"1160653665","kind":"news","weMediaInfo":{"introduction":"研讨公司成败，探究行业兴衰，推动阳光商业。由《财经》公司产业报道团队创建，“媒体+智库”双轮驱动的商业新媒体平台","home_visible":1,"media_name":"财经十一人","id":"1099700195","head_image":"https://static.tigerbbs.com/2c6ac2a9dafc44d0a5e8c2ea84dfb4e2"},"pubTimestamp":1624014954,"share":"https://ttm.financial/m/news/1160653665?lang=en_US&edition=fundamental","pubTime":"2021-06-18 19:15","market":"us","language":"zh","title":"Launching Plan B: ByteDance's true thoughts and strategies","url":"https://stock-news.laohu8.com/highlight/detail?id=1160653665","media":"财经十一人","summary":"字节跳动做To B业务的逻辑，是从轻量级应用出发，逐渐向底层做深做厚，而这与当前的云计算巨头的打法是相反的\n\n2020年，是字节跳动业务疯狂成长的一年。这一年，这家公司旗下产品（包括今日头条、抖音、t","content":"<p><div>ByteDance's logic in developing its B2B business is To start with lightweight applications and gradually delve deeper into the underlying layer. This is the opposite of the current strategy of cloud computing giants. 2020 was a year of explosive growth for ByteDance's business. That year, the company's products (including Toutiao, Douyin, tiktok, Xigua Video, Dongchedi, etc.) had 1.9 billion monthly active users worldwide, covering more than 150 countries and regions. In 2020, its revenue reached 236.6 billion yuan, which is equivalent to 650 million yuan in revenue per day. Looking at it over time, ByteDance's revenue has been...</p><p><a href=\"None\">Web page link</a></div></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>Launching Plan B: ByteDance's true thoughts and strategies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLaunching Plan B: ByteDance's true thoughts and strategies\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1099700195\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/2c6ac2a9dafc44d0a5e8c2ea84dfb4e2);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">财经十一人 </p>\n<p class=\"h-time smaller\">2021-06-18 19:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><div>ByteDance's logic in developing its B2B business is To start with lightweight applications and gradually delve deeper into the underlying layer. This is the opposite of the current strategy of cloud computing giants. 2020 was a year of explosive growth for ByteDance's business. That year, the company's products (including Toutiao, Douyin, tiktok, Xigua Video, Dongchedi, etc.) had 1.9 billion monthly active users worldwide, covering more than 150 countries and regions. In 2020, its revenue reached 236.6 billion yuan, which is equivalent to 650 million yuan in revenue per day. Looking at it over time, ByteDance's revenue has been...</p><p><a href=\"None\">Web page link</a></div></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f85a6698080aa2201854246e2dcabe5a","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160653665","content_text":"字节跳动做To B业务的逻辑，是从轻量级应用出发，逐渐向底层做深做厚，而这与当前的云计算巨头的打法是相反的\n\n2020年，是字节跳动业务疯狂成长的一年。这一年，这家公司旗下产品（包括今日头条、抖音、tiktok、西瓜视频、懂车帝等）全球月活跃用户数达到19亿，覆盖全球超过150个国家和地区，2020年营收达2366亿元人民币，相当于每天进账6.5亿元。\n如果按照时间维度来看，字节跳动的营收每年都在翻番。\n\n但就是这么一家在面向个人消费者的To C市场如日中天的公司，在这一年决定进入又难做又陌生的To B市场了。\n2020年2月，字节跳动发布在线办公协同软件飞书，在线办公协同软件是一家To C巨头公司切入To B市场最为直接简单的路径，它可理解为用来办公的社交软件，此前成功案例可参考阿里旗下的钉钉。\n钉钉的一位资深员工近期向《财经》记者评价，飞书目前被认为是钉钉最有潜力的竞争对手。在阿里巴巴To B战略版图中，钉钉已经进入了一个全新的发展阶段——超越协同办公层面，开始和阿里云旗下的其他产品深度绑定，是阿里云进一步深耕To B市场的一个重要抓手。\n飞书只是字节跳动试探To B市场的第一个触角。6月10日，字节跳动再往前走了一步——当天，字节跳动正式宣布推出已经低调运行一年的火山引擎。\n火山引擎是字节跳动旗下面向企业的数字服务的技术平台。如果以云服务的技术逻辑分类，火山引擎位于上层的PaaS、SaaS层。也就是说，火山引擎可以基于不同云（如阿里云、腾讯云、华为云等）为不同类型的企业及政府客户提供不同种类的应用服务。\n火山引擎副总经理张鑫近期在接受《财经》记者专访时透露了几个重要信息：\n其一，火山引擎将是字节跳动布局To B市场的重要抓手，它的成败快慢将决定字节在To B市场布局的轻重缓急；\n其二，字节跳动此时入局To B市场不会走传统的“先云基础设施（IaaS）后搭建应用生态(PaaS+SaaS)”的传统道路，将反向而行；\n其三，字节将布局To B市场的两个领域：有优势的领域，和有预算的领域。\n这三点形成火山引擎To B市场的“字节式”打法。张鑫总结，外部环境变化快，字节的目标是坐到To B市场牌桌四个位置中的一个，在此目标之下，战术将随时调整。\n01、反其道而行之\n字节跳动为什么要切入以政府和企业为目标用户的To B赛道？外部逻辑很简单，面向个人消费者的To C市场红利见顶，头部互联网公司需要找到新的增长极。简单说，得端着今天的碗，想着明天的饭。\n其实，国内包括阿里、腾讯、百度等主流互联网巨头公司目前已经全面布局这个增长空间巨大的市场，并已形成规模效应，字节跳动是最新的入局者。\nTo B市场空间巨大。根据中国信通院发布的数据显示，中国数字经济保持高位增长，2020年增速达9.7%，远高于同期GDP名义增速约6.7个百分点。而且，数字经济在中国经济发展中的地位越来越重要，2002年至2020年中国数字经济占GDP比重由10.0%提升至38.6%。\n这样的空间，对于任何一个有能力去触及的科技公司来说，都不会轻易放过。\n\n内部逻辑相对复杂一点。常理来看，此时入场似乎并不是好时机。\n数字经济以云为基础，结合AI、大数据等最新计算技术。因此，阿里、腾讯和华为等科技巨头此前基本遵循“先铺云（IaaS）再上应用生态”的路径，这好比先铺电网，再基于电网提供不同类型的电器和服务。\n字节跳动如果要走这条老路，基本没有胜算。云被称为“吞金兽”， IaaS本质上属于重资产运营模式，出租算力和存储。这种商业模式需要规模效应：客户越多，边际成本越低。但要保持大量客户，首先要有巨量投入。\n云厂商每年需要花费巨额资金用于服务器等硬件设备的购置以及 IDC 租赁、建设等，而上述资产对折旧摊销的传导会影响云厂商的当期盈利能力。全球最大的公有云服务商亚马逊AWS花费了10年才盈利，阿里云则花了12年。\n字节跳动盈利能力强，现金流也不错，理论上是有实力做这件事情的，但目前公有云IaaS市场已经由三大巨头把持超过70%市场份额的状态，即便它有意愿卧薪尝胆，也已错过了最佳的布局时机。\n空间巨大，但按照传统路径进入未必行得通。字节跳动选择了另一条看起来和传统打法完全相反的路径：先是用飞书试水轻量级的SaaS应用，随后推出火山引擎企业云服务平台，再到时机成熟时，因需定制，补上底层基础设施层面的IaaS。\n到此时，字节跳动做To B业务的战略逻辑已经十分清晰了：从轻量级应用出发，逐渐向底层做深做厚。火山引擎的引擎作用十分关键。\n字节跳动经过9年时间，从一款图片社区产品，发展成为估值超千亿美元的超级独角兽，迅速崛起的核心秘笈，是千人千面智能推荐算法数据分析技术和庞大的图文、视频内容池。\n这些技术和内容，可以通过火山引擎，规模化输出给需要的企业和政府部门，从“自用”变成“输出”，为字节跳动带来新的增长空间。\n但火山引擎输出这些技术和能力，也非一日之功。\n2020年是火山引擎的“冷启动”期。其对外服务经历了两个阶段，第一阶段曾对外提供推荐算法、视频工具等单点SaaS产品，第二阶段逐渐建立了可打包输出的行业解决方案。\n第一个阶段，在SaaS领域尝试单点突破，充分发挥字节跳动推荐算法和相关技术的局部优势。\n举个例子，张鑫本人资深球迷，懂球帝是在足球行业非常垂类的APP，深受广大球迷和用户的喜欢。但是在业务发展初期，懂球帝曾经历过一些技术挑战，包括如何更好地提升性能、如何提升产品的体验。\n比如，早期的时候，用户在观看不同视频切换时，会明显感觉到首帧的卡顿，视频播放的过程中，尤其是在弱网环境下，也会面临着卡顿的风险。\n火山引擎为懂球帝量身订做了视频云+AI的解决方案，解决了这些痛点，提升了画面的质量和播放感。\n这一解决方案背后的技术其实都是字节跳动在视频直播领域的成熟技术。例如，提升画面播放连贯性用的是多轮的画面优化，推流码率的自适应能力，保证在弱网环境下画面质量的提升。除此以外，火山引擎通过图片压缩的算法，将大图传输的延迟大大的降低，并通过动图优化的技术，实现边看、边播。\n此外，火山引擎还通过技术实现主播的美颜、美化，并提供特效、美妆等更加互动的玩法，助力企业客户提升产品的交互度和体验感。\n一个典型的案例是心心APP。这是一款美妆鉴别服务交易平台，用户在购买美妆产品时，需要解决一系列灵魂拷问，比如彩妆质地如何、是否不易脱妆、品牌知名度如何、价格是否符合预期等，还有致命一击——这个色号到底适不适合。无论是线下实地试色还是美妆博主推荐，都有其瑕疵，最直接的解决方案是线上试色，而这需要技术的加持。火山引擎利用AR和AI技术为心心APP解决了这个问题。解决方案上线后，平台的购买转化率直接提升12.6%。\n\n经过SaaS领域的试水，火山引擎服务了不少客户也积累了一些经验，但同时也发现纯技术的应用过于简单，市场天花板较低，同质化竞争激烈，不足以充分发挥字节的所有沉淀优势。\n到了第二个阶段，打法升级，火山引擎团队开始挖掘纯技术之外的优势点。\n“过去九年，字节的用户和收入增长，其实都是非常快的，背后有可复制的方法论——支持用户增长的技术中台，我们想输出中台能力。”张鑫说，字节做任何一件事情，都要保持三个原则：可持续、可复制和可规模化。用户增长中台保证的就是这三个原则。第二阶段，主打“增长”，方案围绕“增长”来展开。换句话说，第一阶段看的是字节有什么，第二阶段看的是市场需要什么。\n以一个水电站客户的需求为例，浙江丽水市的金水峡口水电站已经服役30年，这座水电站需要提升发电量和防汛能力。今年，火山引擎把自己的容器云平台、大数据技术、物联网等技术引到了这座水电站，为水电站打造了一套智慧业务中台。提升了水电站 40% 的管理效率，防汛能力也全面升级。\n火山引擎目前的状态是保持第二个阶段态势，并向第三个阶段进阶。\n《财经》记者从火山引擎处获得的信息是，火山引擎在去年年底已初步形成了一套以SaaS、PaaS为切口，延展至IaaS层的打法思路。这套战略内部已有多轮讨论，目前还在演进过程中，还需根据变化持续观察。\n火山引擎官网显示，火山引擎初步形成了一套对外技术服务产品体系。这套体系共分成三层：基础服务（IaaS）、技术中台（PaaS）、智能应用(SaaS)。\n\n基础服务（IaaS）包括容器、存储、私有云、通信服务。和其他头部数字化企业相比，基础服务层产品还处在强化阶段。\n技术中台（PaaS）、智能应用(SaaS)是火山引擎的优势领域。位于PaaS层的技术中台包括AI中台、数据中台、研发中台、移动中台、多媒体中台。SaaS层的智能应用包括内容套件、营销套件、运营套件以及个性化推荐套件等。目前可部署在其他厂商的IaaS底座（包含公有云、私有云、混合云等）之上。\n目前，政企数字化仍然存在一个缺陷，即数字化平台建起来了，平台上没有东西可用。这为字节带来了机会：先发现需求，解决需求，再因需定制，以终为始。\n但字节仍然面对一个问题，能够提供相似能力的科技公司不少，为什么非要选择字节？\n字节跳动副总裁、算法和数据技术负责人杨震原的解释是，他们发现政企类客户对促成字节跳动用户和营收快速增长的技术和工具感兴趣，希望复制这样的经验。\n《财经》记者了解到，一些地方政府，过去已经采购了云服务，做成了一些惠民兴业的基础应用，但发现应用建起来后，活跃度不行，用户体验和黏性也不行。如何在APP里增加更丰富的内容，更精细化的运营，更千人千面的推荐，这些能力其他科技公司未必有字节擅长。\n大型企业和政府单位在搭建数字化平台能力时，往往不会采用一家技术，更多会集纳多家之所长，张鑫认为，这是字节此时切入的机会。\n02、耐心和快跑\n当一个商业机构发动一个全新的战略项目时，终极目标是获得收入和盈利。在大家都认为数字化平台很重要，又不太懂数字化时，往往很容易形成一个短期特点：平台先建，拿来干什么再说。这时，企业往往需要更符合自身价值观的选择。\n张鑫回忆，火山引擎曾经拿到一个项目，项目金额很高，拿到去集团汇报时，大家发现，这个项目只卖了平台，代表字节跳动在To B市场“增长”理念的内容和应用并没有搭建起来。\n“后来这个项目反而变成一个反面教材。集团内部很多人觉得我们不应该做这样的事情。”他说，这件事情对火山引擎团队冲击非常大。“关注收入，先卖出去，拿到收入，这很有诱惑，但和务实是矛盾的。”\n在经历了那次大型被质疑现场之后，火山引擎建立了重点项目立项机制，项目资金过了千万级，就需要经过立项讨论。讨论和监督有效控制了“务虚”类项目的比例，“再遇到这种情况，需要尝试找找平衡点，帮助客户找到有利于业务或者用户增长的服务。”张鑫对《财经》记者说。\n“单纯堆砌项目数量对火山引擎来说毫无增益。”张鑫说，To B领域苦哈哈做几个月的项目收入额，字节的巨量引擎（广告销售工具）可能几分钟就做出来了。“把有示范效应的头部标杆客户做出来，才是目前最重要的。”\n字节足够的底盘实力和战略倾斜支撑火山引擎对客户耐心的触探和选择，耐心看不见、摸不着，但却无法被取代。另一边是，行业大势不等人，耐心不等于慢。\n字节跳动总员工数目前已经达到11万人，火山引擎团队组织采用的是“虚拟+专职”模式，并不算公司的大型团队。虚拟部分，主要来源于字节跳动的技术中台团队，该中台规模达数千人，支撑抖音、今日头条、懂车帝等“字节系”产品线。火山引擎的核心研发人员来源于此。\n非研发部门约有大几百人规模。包括销售、市场、渠道、解决方案，及行业专家，实施交付团队。\n“这种架构保证了敏捷快跑的能力。”张鑫说，市场变化太快，所有选手都在快速调整姿势，火山引擎目前处于从0到1的阶段，随着客户规模体量越来越大，公司也需要更敏捷，快速动态调整。\n目前火山引擎客户集中在零售、金融、汽车、文旅、泛互联网等领域。其中泛互联网、零售领域被视为优势领域，汽车、金融、文旅被视为重点突破领域。\n一位火山引擎业务人士曾对《财经》记者提到提到，业务中台、数据中台等PaaS层产品“重且完整”，受头部大客户的欢迎。用户行为分析，A/B test等SaaS层单品因为灵活、便宜，因此在中长尾客户中有较好接受度。\n目前，以苏宁为代表的零售厂商，以银河证券为代表的金融企业已经是火山引擎的种子客户。部分手机厂商2017年开始便开始采用字节跳动的技术产品，为应用商店、浏览器优化推荐算法。\n一位手机厂商广告运营人士称，要避免流量空跑，否则每分钟都在浪费钱。手机厂商内部通常会自研算法，也会通过火山引擎购买字节跳动的算法，两者形成赛马关系。按照实际业务需求切换内外算法，以此提高广告转化效率，“字节跳动的算法技术较强，可模仿自学，有交学费性质。你必须知道别人在想什么、做什么。”\n目前多家手机厂商已是火山引擎的重要客户。一些手机厂商与火山引擎的合作更深。vivo已构建基于云服务为基础的业务中台、数据中台，并基于AI推荐技术。\n针对头部客户、长尾客户如何形成不同的打法体系？火山引擎总经理谭待的解释是，字节需要更多的尝试和标杆客户的案例效应。希望与“行业中具有趋势代表性”的客户合作。\n张鑫解释，火山引擎与头部客户展开深层战略合作，在集团层面为之投入资源。针对长尾客户，则会联合巨量引擎旗下穿山甲等流量变现平台展开结合。\n进入ToB市场通常需要建设销售、服务、解决方案伙伴生态。\n在合作伙伴生态建设方面，火山引擎处在初期，强调根据自身的特长开拓相关伙伴，已经建设了一支专业生态团队，形成了一定的流程。目前合作伙伴对字节跳动的技术、工具、资源有较大兴趣，希望这家新晋巨头能为其带来业务增量。\n针对火山引擎营收KPI等市场信息，张鑫对此解释，2021年火山引擎主要目标是打造标杆客户，寻找可复制案例，形成增长体系。营收规模暂时非首要考虑因素。\n此时，数字化市场已经非常拥挤，各家巨头基因不同，优势不同，切入市场的姿势也不同，后来者采用什么样的姿势切入非常关键。\n张鑫透露，字节目前挑选切入的行业分为两类：第一是有优势的行业，第二是有预算的行业。\n前者是字节的舒适区，和字节的基因、优势紧密相关，如文化传媒行业、游戏教育行业、直播视频行业、娱乐和社交行业。\n后者是机会巨大的行业，这些行业包括了政府部门、金融、工业等，但正是因为机会巨大，这些领域往往各家重兵布局，容易短兵相接，张鑫称，字节需要在这些行业里找到字节的独特优势和触点。\n比如，金融公司的APP里，也需要丰富的内容生态和千人千面的推荐机制，这些需求是字节的优势，也是机会。\n“市场很大，机会很多，没有人可以一家通吃，竞争之外，我们希望和其他人也是合作关系。”张鑫说。\n03、外部的评估\n外界极为关注字节的入局。\n一位头部云厂商战规人士对《财经》记者称，早在2020年7月，他和团队便在关注字节跳动在To B市场动作。他表示，字节跳动采买云厂商资源时，策略很独立。其做法是仅消耗资源，不使用其他服务，PaaS、SaaS层均为自研。其他云厂商更像是字节跳动的底座。\n火山引擎的战略、业务、人事也是外界关注重点。字节跳动如何切入To B，IaaS将做到何种程度，PaaS、SaaS可获得多大市场份额，这些问题都会影响市场格局。\n字节跳动因自身业务需求带动了数字化基础设施的建设。在IaaS层，其私有云具有一定规模。此外，多家招聘平台显示，字节跳动在去年7月开始就正在招聘IaaS相关岗位工程师，目前已有一定人才积累。\n公有云IaaS被视为数字化最后端的核心产品，也是登上数字化大厂牌桌的重要筹码。缺少自有公有云IaaS，PaaS、SaaS建设过程中可能面临数据隐私挑战。而且，PaaS、SaaS建设在自有IaaS之上通常可以提供最佳服务。\n基于这些因素，字节跳动进入IaaS领域，恐怕只是时间问题。\n有公有云领域的资深技术人士评论称，字节跳动进入IaaS没有想象中困难，它本身就是最大的公有云使用者之一，目前同时采用了阿里云等多家云厂商的服务。如果要进入IaaS领域，仅自用，就可保证一定的规模。\n但在目前，火山引擎采用了跨云协同、多云协同策略。希望兼容其他云底座，如阿里云、腾讯云、华为云以及字节跳动自身数据中心。火山引擎是核心抓手，决定了未来产品的发展走向。\n接受跨云协同、多云协同是后发数字化企业的普遍做法。一位京东云高管在今年4月对《财经》记者提到，这是市场正在出现的新趋势。\n从市场变化看，同时采购多家云资源是常见现象。互联网客户购买公有云资源时会着重采购成本、战略协同。\n目前企业倾向于采用多云策略，同时部署私有云存储核心数据，并使用多家公有云服务。被视为诞生在公有云之上的互联网企业也是如此。其考虑因素是，避免受制于一家云厂商，通过采购多家的方式压低价格。\n一位头部云厂商高管今年5月接受《财经》记者专访时提到，ToC像打猎，ToB像耕田。该高管此前曾负责过国民级消费互联网产品。在他看来，打猎不用培育行业，但耕田要和伙伴养成市场。ToB市场通常新单翻单比例是1：9，短期市场补贴无法产生根本性影响，服务好留存客户是行业通常做法。\n6月10日，火山引擎推出“火种计划”，一方面联合了多家大型企业共创行业解决方案，另一方面是对小微企业限期免费开放了多款数据智能产品，降低长尾客户的使用门槛。这是火山引擎走向市场的必经之路。\n“我们打算用八年的时间让火山引擎在ToB市场站稳脚跟。”张鑫说。\n“时间会不会太长了？”《财经》记者问。\n“如果说三年，一定是骗人的。做企业服务需要足够的决心和耐心，只有花更长的时间，才能验证这条差异化的路对不对。”张鑫说。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1974,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166579720,"gmtCreate":1624020154060,"gmtModify":1703826719980,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166579720","repostId":"1142180607","repostType":4,"repost":{"id":"1142180607","kind":"news","weMediaInfo":{"introduction":"有视角的商业资讯交流平台","home_visible":1,"media_name":"虎嗅APP","id":"101","head_image":"https://static.tigerbbs.com/98669fe7974e42f3976b3db47528792d"},"pubTimestamp":1624015245,"share":"https://ttm.financial/m/news/1142180607?lang=en_US&edition=fundamental","pubTime":"2021-06-18 19:20","market":"hk","language":"zh","title":"Quiet 618: What's changing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1142180607","media":"虎嗅APP","summary":"今年的618，与往年格外不同。\n这是对互联网领域反垄断调查开启后，电商平台迎来的首个大促。在没有品牌对电商平台“二选一”的限制后，电商环境更开放。而过去这个电商大节往往伴随着营销战、公关战，对比起来，","content":"<p>This year's 618 shopping festival is quite different from previous years.</p><p>This is the first major promotion by e-commerce platforms since the launch of the anti-monopoly investigation into the internet sector. With the absence of restrictions on brands allowing e-commerce platforms to choose between two options, the e-commerce environment is becoming more open. In the past, this major e-commerce festival was often accompanied by marketing and public relations battles, but this year's environment seems somewhat quiet.</p><p>The battlefield was still there, but the smoke seemed less intense. Ji Yun, general manager of Tmall's FMCG business unit, even publicly stated at an event, \"A successful brand must be an omnichannel brand. If it only succeeds on Tmall, it cannot be considered a successful Chinese brand.\"</p><p>Clearly, merchants operating on multiple platforms has become the norm.<b>For major platforms, 618 is no longer about simply and brutally \"grabbing merchants,\" but rather about honing their \"internal capabilities\" and providing good service to merchants who have already joined the platform.</b></p><p>The changes in the competitive landscape actually reflect profound transformations across the entire industry.</p><p><b>To sell, we must integrate product and sales.</b></p><p>Although the 618 shopping festival doesn't seem to be as fierce, merchants still achieved considerable growth according to sales reports from major platforms.</p><p>As of June 16, brand merchants gained nearly 60 million new members during the Tmall 618 shopping festival, with some brands generating more than 50% of their sales from members. On June 1st alone, the first day of the Tmall 618 shopping festival, 25 brands achieved sales exceeding 100 million yuan from members.</p><p><img src=\"https://static.tigerbbs.com/e6accf40012e50f9bc877aa4cba8078b\" tg-width=\"1080\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p>(Caption: Many brands launched exclusive membership benefits on Tmall during the 618 shopping festival)</p><p>The growth is driven by higher participation from brands and merchants. They are still investing heavily in the 618 shopping festival. What is their core goal?</p><p>Obviously, selling goods is not the only purpose.</p><p>In an increasingly complex marketing environment and incentivized competition, platform customer acquisition costs remain high.<b>If e-commerce in the past mainly solved the problems of tools and efficiency, then the new industry trend is to solve the problems of mindset and efficiency.</b>While a surge in sales during major promotional periods is important, bringing more certain and sustainable growth to merchants after a major promotion is the true reflection of internal strength.</p><p>The study found that advertising spending was redistributed across various internet platforms, with advertising revenue on search and vertical platforms declining significantly. E-commerce, video, and social media platforms maintained growth, while short video platforms performed outstandingly.</p><p>Social media was once used as an antidote for businesses and the secret to the rise of emerging brands such as Perfect Diary and Florasis.<b>However, under the pressure of economic downturn, the tactics and content that countless brands are vying to imitate have gradually clogged the channels of social media, and it has begun to enter a prosperous dilemma of having a lot of voice but little sales.</b></p><p>At the same time, brands are paying more attention to return on investment, and the share of performance-based advertising continues to increase. Performance advertising greatly shortens the path for users to go from seeding products to pulling them out, improving customer acquisition and conversion efficiency. At the same time, because performance advertising is often accompanied by price reductions, promotions, red envelope discounts, and other means to promote conversion rates, it can easily lead to a short-term sales surge.<b>However, the disadvantage of this type of advertising is that it cannot effectively retain users and fans, making it difficult to build a brand and generate effective recognition and repeat purchases.</b>If transaction guidance relies primarily on performance-based advertising, the cost for businesses to awaken consumers is too high, making it difficult to achieve sustainable operation. The rise of emerging brands such as Florasis and Perfect Diary is based on the focus on long-term brand operation and investment, and the pursuit of the integration of product and sales.</p><p>On the eve of the 618 shopping festival, Ebang Think Tank conducted an in-depth survey from the perspective of brand advertising. Although Tmall was hit by an anti-monopoly investigation, 80% of the surveyed companies across the internet still participated in the Tmall 618 event. And<b>More than half of the brands participating in Tmall events allocated 30% of their mid-year promotion budget to Tmall. 40% of the surveyed companies said that more than half of their sales during this year's 618 shopping festival are expected to come from Tmall.</b>Over the past year, 50% of the surveyed companies achieved the highest conversion rates on the Tmall platform.</p><p><img src=\"https://static.tigerbbs.com/5b1e8fa7481a04ccf6d168ba0dd86177\" tg-width=\"1000\" tg-height=\"579\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Ebang Think Tank research)</p><p>So, how does Tmall help brands achieve product and sales integration?</p><p>In<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>According to Vice President and Tmall Vice President Fuyuki,<b>Tmall flagship store is the best private domain on the entire internet. It can most effectively accumulate public domain traffic, form brand awareness, and carry out long-term operations including daily sales, weekly sales, and major promotions.</b></p><p>At the same time, Taobao e-commerce continues to promote content-based development. In addition to live streaming, it has also launched interactive games, built a lifestyle sharing platform, and laid out Diantao around the content e-commerce model, exploring a more agile path from seeding to weeding within China's largest business ecosystem.</p><p>This year's 618 shopping festival also upgraded merchant live streaming. Consumers can seamlessly switch between multiple brand live streaming rooms within the group by swiping down when they open the official live streaming room of any brand. The sales volume in the first hour of the \"618\" shopping festival exceeded that of the whole day last year, and the self-streaming sales of brand stores increased by more than 100% year-on-year.</p><p>Overall, Taobao and Tmall are continuously optimizing their business infrastructure and merchant experience.<b>Many merchants said they chose the Tmall platform as their business foundation mainly because it can create certain growth for them.</b></p><p><b>How can a platform retain users?</b></p><p>Balancing brand operational growth with consumer experience and retaining consumers is another major manifestation of a platform's internal strength.</p><p>Among traditional growth hacker advocates, a growth model centered around user acquisition, user activation, user retention, business monetization, and user referrals was once popular. However, today...<b>This model has gradually evolved from AARRR to RARRA, with \"user retention\" as the first key point.</b>This is inseparable from the current surge in consumer goods, frequent major promotions, which divide consumers' attention and purchasing power, and most products facing problems such as the loss of loyal customers.</p><p>Overall, with the continuous increase in mobile internet penetration, the user growth rate of major platforms will inevitably slow down. As platforms enter an era of competition for existing market share, they need to compete for a share of the wallets of the same group of consumers.</p><p><b>To become the first choice for consumers, the key is to look at the scenario and the experience.</b>Major platforms have stated that they prioritize consumer experience, reflecting the intense competition among users.</p><p>When consumers choose a platform, they care most about the simplicity of the rules and the purchase discounts. The increasingly complex discount schemes of the past few years have also drawn a lot of complaints from consumers.</p><p>This year's 618 shopping festival, Tmall's series of measures reflect new changes in consumer strategy.</p><p>Tmall's official list was launched for the first time during this year's 618 shopping festival. The rankings are based on consumer purchasing behavior, including pre-sale rankings, discount rankings, best-selling rankings, add-on rankings for each sub-category, as well as best-selling rankings, positive reviews rankings, and repurchase rankings based on daily sales.<b>Whether someone makes the list or not depends on sales figures. Tmall does not engage in any human intervention or commercialization to ensure credibility and user experience.</b>It can help consumers make decisions, allowing them to buy with peace of mind without blinking.</p><p>Membership management has also become a key focus. From the first wave to the second wave, 88VIP members can receive additional shopping red envelopes.</p><p>Brand memberships have also become an important source of business growth for businesses. On the first day of the 2021 Tmall 618 shopping festival alone, 25 brands achieved membership transactions exceeding 100 million yuan. In addition, several brands with hundreds of thousands of members revealed that member spending accounts for nearly 50% of their stores' total transaction volume, and members generally have higher average order value and repurchase rate.</p><p>In addition, Tmall has moved the pre-sale time forward to 8 p.m. on May 24 this year, avoiding staying up late to add purchases, while also simplifying marketing strategies so that consumers can more directly experience the discounts of the big promotion.</p><p><b>Measures such as list management, membership management, and rule optimization are all aimed at creating a more user-friendly shopping environment.</b></p><p><b>The outcome of future battles</b></p><p>The e-commerce landscape is becoming increasingly fierce, but the core business logic remains unchanged: ultimately, what consumers look at is where the best supply is available.</p><p>Tmall has always had a very clear supply-side strategy. Tmall is the core business platform for new products and brands across the entire internet.</p><p>For established merchants, 618 is the most important window of opportunity for new product launches in the first half of the year.<b>During this year's 618 shopping festival, 1.4 million new products chose to be launched on Tmall.</b></p><p>New brands also regard 618 as an important growth opportunity. According to Tmall's 618 sales statistics from June 1 to 15, 2021, a total of 459 new brands won the TOP 1 spot in their respective categories, and a large number of domestic brands such as Zhuben, Narwal, catlink, and Milk Candy Pie took center stage through the 618 stage.</p><p>Both new products and new brands have a strong need to build user mindsets, so it is natural for them to prioritize Tmall, a platform with strong mindsets.</p><p><a href=\"https://laohu8.com/S/DYIN\">TikTok</a>The entry of content platforms such as Kuaishou into e-commerce has brought new changes to the industry ecosystem.</p><p><b>Douyin proposed the concept of \"interest-based e-commerce,\" emphasizing that the matching of goods and people can be optimized through personalized recommendations. Prior to this,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It also emphasizes replacing \"people finding goods\" with \"goods finding people\".</b></p><p>Some voices predicting the downfall of Taobao and Tmall have emerged – shelf-style e-commerce seems to have become a thing of the past.</p><p>However, the fact that 80% of online merchants chose to participate in Tmall activities during the 618 shopping festival undoubtedly reflects Tmall's competitiveness.</p><p>Among the current mainstream e-commerce platforms, Tmall is the only one with brand-operated stores as its core operation. Sales and operations through other channels often focus on the explosive growth of single products, while Tmall's flagship store model allows merchants to strengthen brand awareness and launch more single products.<b>Tmall has always been regarded as the \"second official website of brands,\" and this position remains solid.</b></p><p>Furthermore, Tmall extends its capabilities to the supply side, helping merchants increase supply from the source, thereby continuing to attract users with new supply.</p><p>Tmall New Product Innovation Center (TMIC) has become a very mature merchant service, and a digital new product development system has been formed.<b>Covering a complete chain from consumer demographic research, market trend insights, refined product development, testing to launch and marketing, it can help brands and merchants improve innovation efficiency and reduce new product development costs.</b>During this year's 618 shopping festival<a href=\"https://laohu8.com/S/600315\">Shanghai Jahwa</a>A face mask from its new brand, Yuze, has entered the top 10 pre-sale bestsellers, becoming the only domestic brand outside of Huawei to make the list, which is inseparable from the help of TMIC.</p><p>As a long-established daily chemical company that nurtured national memories such as Liushen Floral Water and Mexagen, Shanghai Jahwa began cooperating with Tmall TMIC in 2017. In March of this year, the two parties jointly established...<b>\"Innovation Factory 2.0\"</b>\"By deepening cooperation across three dimensions: new production lines, new organizations, and new marketing, Shanghai Jahwa has built a new intelligent manufacturing model, achieving faster new product development, more blockbuster products, a higher success rate of new products, and lower trial-and-error costs.\"</p><p>According to Pan Qiusheng, Chairman of Shanghai Jahwa, \"Previously, our R&D cycle averaged 12 months, but now we can reduce it to 8 months. With the support of Innovation Factory 2.0, we hope to further shorten the R&D cycle so that we can continuously try new products.\" Currently, innovative tools like TMIC are also available on Tmall.<a href=\"https://laohu8.com/S/BBOX\">Black Box</a>Rhino Factory, New Product Radar, and more. Since the beginning of this year, Tmall has introduced a number of measures, including making the standard version of the essential merchant operation tool \"Business Advisor\" free. At the same time, it plans to comprehensively optimize the merchant operation tools within the year. Through the upgrade of the Qianniu workbench, it will help merchants improve their operational efficiency on the platform, including merchant product management, product listing, store decoration, order management, marketing tools, user management, etc. While these measures may not be deeply felt by ordinary consumers, they are actually the foundation upon which Tmall has earned the trust of brand merchants over the years.<b>Tmall's competitive advantage has long exceeded simple product sales, but rather serves as an innovative platform for brand research and development, marketing, and sales.</b></p><p><img src=\"https://static.tigerbbs.com/94150097bfc3565b16d029a5cff87065\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"></p><p>Furthermore, against the backdrop of the overall standardized development of the internet, the advantages of mature platforms like Tmall in governance capabilities will also demonstrate their key value. A platform can only truly become a good business environment if it serves merchants and consumers well through its professional capabilities.</p><p>Ultimately,<b>Only when consumers make repeat purchases and the brand's mindset is established can the platform's value be maximized, making it more likely to become the preferred battleground for merchants.</b><b>This is precisely the core manifestation of the platform's internal strength.</b></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>Quiet 618: What's changing?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQuiet 618: What's changing?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/101\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/98669fe7974e42f3976b3db47528792d);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">虎嗅APP </p>\n<p class=\"h-time smaller\">2021-06-18 19:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>This year's 618 shopping festival is quite different from previous years.</p><p>This is the first major promotion by e-commerce platforms since the launch of the anti-monopoly investigation into the internet sector. With the absence of restrictions on brands allowing e-commerce platforms to choose between two options, the e-commerce environment is becoming more open. In the past, this major e-commerce festival was often accompanied by marketing and public relations battles, but this year's environment seems somewhat quiet.</p><p>The battlefield was still there, but the smoke seemed less intense. Ji Yun, general manager of Tmall's FMCG business unit, even publicly stated at an event, \"A successful brand must be an omnichannel brand. If it only succeeds on Tmall, it cannot be considered a successful Chinese brand.\"</p><p>Clearly, merchants operating on multiple platforms has become the norm.<b>For major platforms, 618 is no longer about simply and brutally \"grabbing merchants,\" but rather about honing their \"internal capabilities\" and providing good service to merchants who have already joined the platform.</b></p><p>The changes in the competitive landscape actually reflect profound transformations across the entire industry.</p><p><b>To sell, we must integrate product and sales.</b></p><p>Although the 618 shopping festival doesn't seem to be as fierce, merchants still achieved considerable growth according to sales reports from major platforms.</p><p>As of June 16, brand merchants gained nearly 60 million new members during the Tmall 618 shopping festival, with some brands generating more than 50% of their sales from members. On June 1st alone, the first day of the Tmall 618 shopping festival, 25 brands achieved sales exceeding 100 million yuan from members.</p><p><img src=\"https://static.tigerbbs.com/e6accf40012e50f9bc877aa4cba8078b\" tg-width=\"1080\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p>(Caption: Many brands launched exclusive membership benefits on Tmall during the 618 shopping festival)</p><p>The growth is driven by higher participation from brands and merchants. They are still investing heavily in the 618 shopping festival. What is their core goal?</p><p>Obviously, selling goods is not the only purpose.</p><p>In an increasingly complex marketing environment and incentivized competition, platform customer acquisition costs remain high.<b>If e-commerce in the past mainly solved the problems of tools and efficiency, then the new industry trend is to solve the problems of mindset and efficiency.</b>While a surge in sales during major promotional periods is important, bringing more certain and sustainable growth to merchants after a major promotion is the true reflection of internal strength.</p><p>The study found that advertising spending was redistributed across various internet platforms, with advertising revenue on search and vertical platforms declining significantly. E-commerce, video, and social media platforms maintained growth, while short video platforms performed outstandingly.</p><p>Social media was once used as an antidote for businesses and the secret to the rise of emerging brands such as Perfect Diary and Florasis.<b>However, under the pressure of economic downturn, the tactics and content that countless brands are vying to imitate have gradually clogged the channels of social media, and it has begun to enter a prosperous dilemma of having a lot of voice but little sales.</b></p><p>At the same time, brands are paying more attention to return on investment, and the share of performance-based advertising continues to increase. Performance advertising greatly shortens the path for users to go from seeding products to pulling them out, improving customer acquisition and conversion efficiency. At the same time, because performance advertising is often accompanied by price reductions, promotions, red envelope discounts, and other means to promote conversion rates, it can easily lead to a short-term sales surge.<b>However, the disadvantage of this type of advertising is that it cannot effectively retain users and fans, making it difficult to build a brand and generate effective recognition and repeat purchases.</b>If transaction guidance relies primarily on performance-based advertising, the cost for businesses to awaken consumers is too high, making it difficult to achieve sustainable operation. The rise of emerging brands such as Florasis and Perfect Diary is based on the focus on long-term brand operation and investment, and the pursuit of the integration of product and sales.</p><p>On the eve of the 618 shopping festival, Ebang Think Tank conducted an in-depth survey from the perspective of brand advertising. Although Tmall was hit by an anti-monopoly investigation, 80% of the surveyed companies across the internet still participated in the Tmall 618 event. And<b>More than half of the brands participating in Tmall events allocated 30% of their mid-year promotion budget to Tmall. 40% of the surveyed companies said that more than half of their sales during this year's 618 shopping festival are expected to come from Tmall.</b>Over the past year, 50% of the surveyed companies achieved the highest conversion rates on the Tmall platform.</p><p><img src=\"https://static.tigerbbs.com/5b1e8fa7481a04ccf6d168ba0dd86177\" tg-width=\"1000\" tg-height=\"579\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Ebang Think Tank research)</p><p>So, how does Tmall help brands achieve product and sales integration?</p><p>In<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>According to Vice President and Tmall Vice President Fuyuki,<b>Tmall flagship store is the best private domain on the entire internet. It can most effectively accumulate public domain traffic, form brand awareness, and carry out long-term operations including daily sales, weekly sales, and major promotions.</b></p><p>At the same time, Taobao e-commerce continues to promote content-based development. In addition to live streaming, it has also launched interactive games, built a lifestyle sharing platform, and laid out Diantao around the content e-commerce model, exploring a more agile path from seeding to weeding within China's largest business ecosystem.</p><p>This year's 618 shopping festival also upgraded merchant live streaming. Consumers can seamlessly switch between multiple brand live streaming rooms within the group by swiping down when they open the official live streaming room of any brand. The sales volume in the first hour of the \"618\" shopping festival exceeded that of the whole day last year, and the self-streaming sales of brand stores increased by more than 100% year-on-year.</p><p>Overall, Taobao and Tmall are continuously optimizing their business infrastructure and merchant experience.<b>Many merchants said they chose the Tmall platform as their business foundation mainly because it can create certain growth for them.</b></p><p><b>How can a platform retain users?</b></p><p>Balancing brand operational growth with consumer experience and retaining consumers is another major manifestation of a platform's internal strength.</p><p>Among traditional growth hacker advocates, a growth model centered around user acquisition, user activation, user retention, business monetization, and user referrals was once popular. However, today...<b>This model has gradually evolved from AARRR to RARRA, with \"user retention\" as the first key point.</b>This is inseparable from the current surge in consumer goods, frequent major promotions, which divide consumers' attention and purchasing power, and most products facing problems such as the loss of loyal customers.</p><p>Overall, with the continuous increase in mobile internet penetration, the user growth rate of major platforms will inevitably slow down. As platforms enter an era of competition for existing market share, they need to compete for a share of the wallets of the same group of consumers.</p><p><b>To become the first choice for consumers, the key is to look at the scenario and the experience.</b>Major platforms have stated that they prioritize consumer experience, reflecting the intense competition among users.</p><p>When consumers choose a platform, they care most about the simplicity of the rules and the purchase discounts. The increasingly complex discount schemes of the past few years have also drawn a lot of complaints from consumers.</p><p>This year's 618 shopping festival, Tmall's series of measures reflect new changes in consumer strategy.</p><p>Tmall's official list was launched for the first time during this year's 618 shopping festival. The rankings are based on consumer purchasing behavior, including pre-sale rankings, discount rankings, best-selling rankings, add-on rankings for each sub-category, as well as best-selling rankings, positive reviews rankings, and repurchase rankings based on daily sales.<b>Whether someone makes the list or not depends on sales figures. Tmall does not engage in any human intervention or commercialization to ensure credibility and user experience.</b>It can help consumers make decisions, allowing them to buy with peace of mind without blinking.</p><p>Membership management has also become a key focus. From the first wave to the second wave, 88VIP members can receive additional shopping red envelopes.</p><p>Brand memberships have also become an important source of business growth for businesses. On the first day of the 2021 Tmall 618 shopping festival alone, 25 brands achieved membership transactions exceeding 100 million yuan. In addition, several brands with hundreds of thousands of members revealed that member spending accounts for nearly 50% of their stores' total transaction volume, and members generally have higher average order value and repurchase rate.</p><p>In addition, Tmall has moved the pre-sale time forward to 8 p.m. on May 24 this year, avoiding staying up late to add purchases, while also simplifying marketing strategies so that consumers can more directly experience the discounts of the big promotion.</p><p><b>Measures such as list management, membership management, and rule optimization are all aimed at creating a more user-friendly shopping environment.</b></p><p><b>The outcome of future battles</b></p><p>The e-commerce landscape is becoming increasingly fierce, but the core business logic remains unchanged: ultimately, what consumers look at is where the best supply is available.</p><p>Tmall has always had a very clear supply-side strategy. Tmall is the core business platform for new products and brands across the entire internet.</p><p>For established merchants, 618 is the most important window of opportunity for new product launches in the first half of the year.<b>During this year's 618 shopping festival, 1.4 million new products chose to be launched on Tmall.</b></p><p>New brands also regard 618 as an important growth opportunity. According to Tmall's 618 sales statistics from June 1 to 15, 2021, a total of 459 new brands won the TOP 1 spot in their respective categories, and a large number of domestic brands such as Zhuben, Narwal, catlink, and Milk Candy Pie took center stage through the 618 stage.</p><p>Both new products and new brands have a strong need to build user mindsets, so it is natural for them to prioritize Tmall, a platform with strong mindsets.</p><p><a href=\"https://laohu8.com/S/DYIN\">TikTok</a>The entry of content platforms such as Kuaishou into e-commerce has brought new changes to the industry ecosystem.</p><p><b>Douyin proposed the concept of \"interest-based e-commerce,\" emphasizing that the matching of goods and people can be optimized through personalized recommendations. Prior to this,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It also emphasizes replacing \"people finding goods\" with \"goods finding people\".</b></p><p>Some voices predicting the downfall of Taobao and Tmall have emerged – shelf-style e-commerce seems to have become a thing of the past.</p><p>However, the fact that 80% of online merchants chose to participate in Tmall activities during the 618 shopping festival undoubtedly reflects Tmall's competitiveness.</p><p>Among the current mainstream e-commerce platforms, Tmall is the only one with brand-operated stores as its core operation. Sales and operations through other channels often focus on the explosive growth of single products, while Tmall's flagship store model allows merchants to strengthen brand awareness and launch more single products.<b>Tmall has always been regarded as the \"second official website of brands,\" and this position remains solid.</b></p><p>Furthermore, Tmall extends its capabilities to the supply side, helping merchants increase supply from the source, thereby continuing to attract users with new supply.</p><p>Tmall New Product Innovation Center (TMIC) has become a very mature merchant service, and a digital new product development system has been formed.<b>Covering a complete chain from consumer demographic research, market trend insights, refined product development, testing to launch and marketing, it can help brands and merchants improve innovation efficiency and reduce new product development costs.</b>During this year's 618 shopping festival<a href=\"https://laohu8.com/S/600315\">Shanghai Jahwa</a>A face mask from its new brand, Yuze, has entered the top 10 pre-sale bestsellers, becoming the only domestic brand outside of Huawei to make the list, which is inseparable from the help of TMIC.</p><p>As a long-established daily chemical company that nurtured national memories such as Liushen Floral Water and Mexagen, Shanghai Jahwa began cooperating with Tmall TMIC in 2017. In March of this year, the two parties jointly established...<b>\"Innovation Factory 2.0\"</b>\"By deepening cooperation across three dimensions: new production lines, new organizations, and new marketing, Shanghai Jahwa has built a new intelligent manufacturing model, achieving faster new product development, more blockbuster products, a higher success rate of new products, and lower trial-and-error costs.\"</p><p>According to Pan Qiusheng, Chairman of Shanghai Jahwa, \"Previously, our R&D cycle averaged 12 months, but now we can reduce it to 8 months. With the support of Innovation Factory 2.0, we hope to further shorten the R&D cycle so that we can continuously try new products.\" Currently, innovative tools like TMIC are also available on Tmall.<a href=\"https://laohu8.com/S/BBOX\">Black Box</a>Rhino Factory, New Product Radar, and more. Since the beginning of this year, Tmall has introduced a number of measures, including making the standard version of the essential merchant operation tool \"Business Advisor\" free. At the same time, it plans to comprehensively optimize the merchant operation tools within the year. Through the upgrade of the Qianniu workbench, it will help merchants improve their operational efficiency on the platform, including merchant product management, product listing, store decoration, order management, marketing tools, user management, etc. While these measures may not be deeply felt by ordinary consumers, they are actually the foundation upon which Tmall has earned the trust of brand merchants over the years.<b>Tmall's competitive advantage has long exceeded simple product sales, but rather serves as an innovative platform for brand research and development, marketing, and sales.</b></p><p><img src=\"https://static.tigerbbs.com/94150097bfc3565b16d029a5cff87065\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"></p><p>Furthermore, against the backdrop of the overall standardized development of the internet, the advantages of mature platforms like Tmall in governance capabilities will also demonstrate their key value. A platform can only truly become a good business environment if it serves merchants and consumers well through its professional capabilities.</p><p>Ultimately,<b>Only when consumers make repeat purchases and the brand's mindset is established can the platform's value be maximized, making it more likely to become the preferred battleground for merchants.</b><b>This is precisely the core manifestation of the platform's internal strength.</b></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3f1b8b141a413bf8b99a717b029c0da6","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W","PDD":"拼多多","09618":"京东集团-SW","JD":"京东"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142180607","content_text":"今年的618，与往年格外不同。\n这是对互联网领域反垄断调查开启后，电商平台迎来的首个大促。在没有品牌对电商平台“二选一”的限制后，电商环境更开放。而过去这个电商大节往往伴随着营销战、公关战，对比起来，今年的环境反倒显得有些静悄悄。\n战场依旧在，但硝烟似乎不再那样浓烈。天猫快消事业部总经理激云甚至在某活动上公开表示，“成功的品牌一定是全渠道品牌，若只是在天猫上成功就不算是成功的中国品牌”。\n显然，商家多平台经营已经成为常态。对各大平台而言，618不再是简单粗暴的“抢商家”，而是转向修炼“内功”，把已经来到平台的商家服务好。\n竞争形态的变化，背后其实是全行业的深刻变革。\n要销售，更要品销合一\n虽然618的战火似乎不那么硝烟弥漫，但从各大平台的战报来看，商家仍然获得了可观的增长。\n截至6月16日，品牌商家在天猫618期间新增了近6000万会员，部分品牌超过50%的成交来自会员。仅在6月1日这天，天猫618开门红第一天，就已经有25个品牌来自会员的成交额超1亿元。\n\n（图注：618期间众多品牌在天猫推出专属的会员权益）\n驱动增长的，是品牌和商家更高的参与度。他们仍然重磅投入618，最核心的目标是什么？\n显然，卖货不是唯一的目的。\n在愈加复杂的营销环境和激励的竞争下，平台获客成本居高不下。如果说过去电商主要解决工具和效率问题，那么新的行业趋势就是要解决心智和效率问题。大促节点的销售爆发固然重要，但是在大促之后给商家带来确定性更强、更可持续的增长，这背后才是内功的体现。\n研究发现，广告投入在各互联网平台中重新分配，搜索、垂直类平台广告收入显著下滑，电商、视频、社交平台维持增长态势，短视频平台表现突出。\n社交媒体一度作为商家的解药，也是完美日记、花西子等新锐品牌崛起的秘诀。但在经济下行压力下，无数品牌竞相模仿的套路和内容，逐渐把社交媒体的通道无比堵塞，开始进入有声量、难有销量的繁荣窘境。\n与此同时，品牌更注重投入产出比，效果类广告份额持续提升。效果广告很大程度缩短了用户从种草到拔草的路径，提升获客转化效率，同时也因为效果广告往往伴随着降价促销、红包折扣等手段，来促进转化率提升，容易造成短期销量暴涨。但是，这种广告的缺点是无法有效沉淀用户和粉丝，从而难以建设品牌，产生有效的认同和复购。如果引导交易主要依赖效果广告，商家唤醒消费者的成本过高，很难实现可持续经营。诸如花西子、完美日记等新锐品牌的兴起，也是在效果投放的基础上，更注重品牌长线运营和投入，追求品销合一。\n在618前夕，亿邦智库从品牌投放角度做了深度调查虽然天猫遭遇反垄断调查冲击，但全网八成受访企业仍参与了天猫618活动。而参与天猫活动的品牌中，有半数以上将年中大促预算的30%留给天猫。4成受访企业表示，今年618半数以上销售额预计来自天猫。而过去一年时间，有50%的受访企业在天猫平台获得最高的投放转化。\n\n（图源：亿邦智库调研）\n那么，天猫是如何帮助品牌方实现品销合一的呢？\n在阿里巴巴副总裁、天猫副总裁吹雪看来，天猫旗舰店是全网最好的私域。它能够最有效地把公域流量沉淀下来，形成品牌心智，并开展包括日销、周销、大促等在内的长线运营。\n与此同时，淘系电商持续推动内容化建设，除直播外，还上线互动游戏，搭建生活方式分享平台逛逛，围绕内容电商形态布局点淘，在中国最大的商业生态内，探索从种草-拔草更敏捷的路径。\n今年618也对商家直播做了升级，消费者打开任意品牌的官方直播间通过下划形式可实现集团内多个品牌直播间的无缝切换，“618”开售第1小时成交超去年全天，品牌店铺自播成交同比增长超100%。\n整体来看，淘宝天猫还在不断地优化商业基础设施和商家体验。不少商家表示，他们选择天猫平台作为生意底座，最主要的原因是这里能为他们创造确定性增长。\n平台如何留住用户？\n而平衡好品牌运营增长和消费者体验，留住消费者，则是平台内功的另一大体现。\n在传统的增长黑客推崇者中，一度流行围绕用户拉新（acquisition)，用户激活（activation），用户留存（retention)、商业变现（revenue）、用户推荐（referral）构成增长模型，而今，这个模型也从AARRR也逐渐演化成RARRA，将“用户留存”作为第一关键点。这与当下消费品激增，大促频繁，瓜分消费者注意力和购买力，大部分产品面临老客流失等问题密不可分。\n总的来看，随着移动互联网渗透率的持续提升，各大平台的用户增速必然放缓。当平台之间进入存量博弈时代，平台需要争夺同一群消费者的钱包份额。\n要想成为消费者的首选，关键看场景和体验。各大平台纷纷表示，把消费者体验作为重中之重，也反映出当前用户竞争层面的焦灼。\n消费者选择平台，最在意的不过是规则的简单，购买的优惠。过去几年越来越复杂的优惠套路，也遭到消费者的大量吐槽。\n今年的618，天猫的一系列措施，反映了在消费者策略上的新变化。\n天猫的官方榜单在今年618期间首次上线。榜单的依据是消费者的购买行为，包括各细分品类预售榜、折扣榜、热卖榜、加购榜，以及基于日常销售的热销榜、好评榜、回购榜等。上榜与否关键看销量，天猫平台不做任何人工干预，不做商业化，以保证公信力和用户体验，可以帮助消费者决策，让用户闭眼买也放心。\n会员运营也成为重点。从第一波到第二波，88VIP会员都能够额外获得购物红包。\n品牌会员也成为商家重要的生意增量来源。仅在2021天猫618开门红第一天，就有25个品牌的会员成交额超1亿元。另外，多个十万级会员数的品牌商透露，会员消费额已经占到他们店铺总成交额的近50%，且会员普遍拥有更高的客单价以及复购率。\n此外，今年天猫把预售时间提前到5月24日晚八点，避免了熬夜加购，同时也简化了营销玩法，让消费者能够更直接地感受到大促的优惠。\n榜单运营、会员运营和规则优化等措施，都是为了形成一个更友好的购物环境。\n未来战局胜负手\n电商战局越发焦灼，但最核心的商业逻辑并未改变：消费者归根结底看的，还是哪里有最好的供给。\n天猫一直有非常清晰的供给侧策略。在全网范围内，天猫都是新品和新品牌的核心经营阵地。\n对于成熟商家而言，618是上半年最重要的新品发布窗口期。今年的618，有140万新品选择在天猫首发。\n而新品牌也把618作为重要的增长机会，根据2021年6月1日至15日的天猫618销售额统计，共有459个新品牌拿下细分类目TOP 1，逐本、云鲸、catlink、奶糖派等又一大批国产品牌通过618的舞台站上C位。\n新品和新品牌，都有强烈的建立用户心智的需求，他们优先选择天猫这个强心智平台，是自然而然的。\n抖音、快手等内容平台进军电商，给行业生态带来了新的变数。\n抖音提出“兴趣电商”概念，强调可以通过个性化推荐优化货与人的匹配。而在此前，拼多多也强调以“货找人”取代“人找货”。\n一些唱衰淘宝天猫的声音随之产生——货架式电商似乎已经成为明日黄花。\n但全网八成商家在618期间选择参与天猫活动的事实，却确凿无疑地反映出天猫的竞争力。\n在目前主流电商平台中，天猫是唯一以品牌自营店铺为运营核心的电商平台。其他渠道的销售和运营，往往侧重于单品的爆发，而天猫的旗舰店模式，能够让商家强化品牌认知，并推出更多单品。天猫一直被视为“品牌的第二官网”，目前来看，这一地位仍然稳固。\n更进一步地，天猫还向供给侧延伸自己的能力，从源头上帮助商家提升供给，从而以新供给继续吸引用户。\n天猫新品创新中心（TMIC）已经成为一项非常成熟的商家服务，目前已经形成一套数字化的新品研发系统，涵盖从消费者人群研究、市场趋势洞察、细腻品研发、测试到上市营销的完整链路，可以帮助品牌商家提升创新效率、降低新品研发成本。今年618期间，上海家化旗下新品牌玉泽的一款面膜跻身预售10大爆款，成为华为之外唯一入榜的国货品牌，背后就离不开TMIC的帮助。\n作为孕育了六神花露水、美加净等民族记忆的老牌日化企业，上海家化从2017年便开始与天猫TMIC合作，今年3月，双方共同建立“创新工厂2.0”，从新产线、新组织、新营销三个维度上更深层次地展开合作，构建起了上海家化的新智造模式，实现了更快的新品开发速度、更多的爆款产品、更高的新品成功率、更低的试错成本。\n据上海家化董事长潘秋生介绍，“过往我们的研发周期平均在12个月，现在我们能够压缩到8个月。又因为有创新工厂2.0的配合，我们希望能够把研发周期继续压短，这样的话我们就能不断试错一些新产品。”目前在天猫，类似TMIC这样的创新工具还有小黑盒、犀牛工厂、新品雷达等等，今年以来天猫连续出台多项措施，对商家必备运营工具“生意参谋”标准版实行免费，同时计划在年内，对商家经营工具进行全面优化，通过千牛工作台的升级，帮助商家提升在平台的经营效率，包括商家商品管理、商品发布、店铺装修、订单管理、营销工具、用户管理等等。这些措施虽然对于普通消费者感知不深，其实却是多年来天猫赢得品牌商家信任的基础，天猫业务的护城河其实早已超过简单的商品售卖，而是品牌研发、营销、售卖的创新中台。\n\n此外，在互联网整体规范发展的背景下，天猫这样的成熟平台在治理能力上的优势，也会体现出它的关键价值。一个平台只有通过专业化能力，服务好商家和消费者，才能够真正成为一个好的生意场。\n说到底，消费者有复购，品牌心智有沉淀，平台的价值才会达到最大化，也才更有可能成为商家首选的主战场。这也正是平台内功的核心体现。","news_type":1,"symbols_score_info":{"JD":0.9,"09618":0.9,"PDD":0.9,"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1937,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166579887,"gmtCreate":1624020129549,"gmtModify":1703826719326,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166579887","repostId":"1118210144","repostType":4,"isVote":1,"tweetType":1,"viewCount":1618,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166546627,"gmtCreate":1624019822669,"gmtModify":1703826710413,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166546627","repostId":"1136637831","repostType":4,"repost":{"id":"1136637831","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624017912,"share":"https://ttm.financial/m/news/1136637831?lang=en_US&edition=fundamental","pubTime":"2021-06-18 20:05","market":"fut","language":"zh","title":"Pre-market: The \"Four Witches' Day\" is here again! The US stock market is going to be interesting tonight!","url":"https://stock-news.laohu8.com/highlight/detail?id=1136637831","media":"老虎资讯综合","summary":"6月18日，美国三大股指期货全线走低，截至发稿，道指期货跌0.79%；标普500指数期货跌0.65%；纳斯达克100指数期货跌0.46%。\n\n今日是年内第二个“四巫日”，届时大量美股期权将同时到期。高","content":"<p>On June 18, futures for all three major U.S. stock indexes fell across the board, with Dow Jones futures down 0.79% as of press time. S&P 500 futures fell 0.65%; Nasdaq 100 futures fell 0.46%.</p><p><img src=\"https://static.tigerbbs.com/1694d26cd01389f499fe064b60f6b943\" tg-width=\"478\" tg-height=\"179\" referrerpolicy=\"no-referrer\"></p><p>Today is the second \"Four Witches' Day\" of the year, when a large number of US stock options will expire at the same time. Goldman Sachs and Nomura Securities stated that the expiration of a large number of S&P 500-related options could cause market volatility. Charlie McElligott of Nomura Securities points out that the current extremely low real volatility in the market and the large number of call gamma options expiring are dangerous, meaning that real volatility could rebound instantly once positions are collectively closed.</p><p><b>Pre-market price</b></p><p>Chinese concept education stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>、<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It rose more than 3% in pre-market trading.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose more than 2%;</p><p>US gold stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/HL\">Hekla Mining</a>It rose more than 3%.<a href=\"https://laohu8.com/S/CDE\">Cordelen Mining</a>、<a href=\"https://laohu8.com/S/KGC\">Golden Rose Gold</a>、<a href=\"https://laohu8.com/S/GFI\">Kaneda</a>It rose more than 2%;</p><p>Danish Biotechnology Company<a href=\"https://laohu8.com/S/ORPH\">Orphazyme</a>The stock fell more than 50% in pre-market trading after the company announced a reduction in its earnings guidance.</p><p>The world's leading container rental service company<a href=\"https://laohu8.com/S/CAI\">CAI International</a>The stock rose more than 46% in pre-market trading after Mitsubishi HC Capital announced its plan to acquire the company for $2.9 billion.</p><p>Biotechnology companies<a href=\"https://laohu8.com/S/GERN\">Jeron</a>The stock rose more than 19% in pre-market trading after data from the IMbark Phase II study were published in the Journal of Clinical Oncology.</p><p>Clinical stage biopharmaceutical companies<a href=\"https://laohu8.com/S/ATHA\">Athira Pharma</a>The stock fell more than 37% in pre-market trading after the company decided to put its CEO on temporary leave.</p><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a>The stock rose nearly 3% in pre-market trading after Q2 revenue and net profit both exceeded market expectations.</p><p><a href=\"https://laohu8.com/S/SYKE\">SECOS Enterprises</a>The stock rose nearly 30% in pre-market trading after Sitel Group announced it would acquire U.S. business process outsourcing provider Sycos for $54 per share.</p><p><b>European Market</b></p><p>Major European stock indices fell across the board, with Germany's DAX 30 down 1.29% as of press time.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It fell 1.4%, and the French CAC40 fell 0.91%.</p><p><img src=\"https://static.tigerbbs.com/592090d138b2b392133d1eea9187093d\" tg-width=\"813\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>Both WTI and Brent crude oil continued to decline. As of press time, WTI crude oil was down 1.04% at $70.30 per barrel. Brent crude fell 1.01% to $72.34 a barrel.</p><p>Oil prices fell for the second consecutive day as the dollar strengthened and the UK rebounded from the pandemic, but the deadlock in Iran nuclear negotiations due to the Iranian election limited the decline in oil prices. Despite short-term resistance, oil prices remain strong overall.</p><p><img src=\"https://static.tigerbbs.com/b19bda2c5975e06ad5f4aca9d7f565bf\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/23f87ea817ccf2c34180a977dd75a707\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><b>gold</b></p><p>Gold rose intraday, rising 1.04% to $1,793.3 per ounce as of press time.</p><p>International gold prices rose, but after the Federal Reserve shifted to a hawkish stance and significantly boosted the dollar, its safe-haven appeal was severely weakened, and gold prices are expected to hit their biggest weekly negative candlestick since March 2020. The dominant and popular theory of shorting the dollar, which has dominated for much of the past year, will face a severe test in the coming weeks and months.</p><p><img src=\"https://static.tigerbbs.com/086026b2ed31e282b42a596a47c5bbe3\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></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>Pre-market: The \"Four Witches' Day\" is here again! The US stock market is going to be interesting tonight!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market: The \"Four Witches' Day\" is here again! The US stock market is going to be interesting tonight!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-18 20:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 18, futures for all three major U.S. stock indexes fell across the board, with Dow Jones futures down 0.79% as of press time. S&P 500 futures fell 0.65%; Nasdaq 100 futures fell 0.46%.</p><p><img src=\"https://static.tigerbbs.com/1694d26cd01389f499fe064b60f6b943\" tg-width=\"478\" tg-height=\"179\" referrerpolicy=\"no-referrer\"></p><p>Today is the second \"Four Witches' Day\" of the year, when a large number of US stock options will expire at the same time. Goldman Sachs and Nomura Securities stated that the expiration of a large number of S&P 500-related options could cause market volatility. Charlie McElligott of Nomura Securities points out that the current extremely low real volatility in the market and the large number of call gamma options expiring are dangerous, meaning that real volatility could rebound instantly once positions are collectively closed.</p><p><b>Pre-market price</b></p><p>Chinese concept education stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>、<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It rose more than 3% in pre-market trading.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose more than 2%;</p><p>US gold stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/HL\">Hekla Mining</a>It rose more than 3%.<a href=\"https://laohu8.com/S/CDE\">Cordelen Mining</a>、<a href=\"https://laohu8.com/S/KGC\">Golden Rose Gold</a>、<a href=\"https://laohu8.com/S/GFI\">Kaneda</a>It rose more than 2%;</p><p>Danish Biotechnology Company<a href=\"https://laohu8.com/S/ORPH\">Orphazyme</a>The stock fell more than 50% in pre-market trading after the company announced a reduction in its earnings guidance.</p><p>The world's leading container rental service company<a href=\"https://laohu8.com/S/CAI\">CAI International</a>The stock rose more than 46% in pre-market trading after Mitsubishi HC Capital announced its plan to acquire the company for $2.9 billion.</p><p>Biotechnology companies<a href=\"https://laohu8.com/S/GERN\">Jeron</a>The stock rose more than 19% in pre-market trading after data from the IMbark Phase II study were published in the Journal of Clinical Oncology.</p><p>Clinical stage biopharmaceutical companies<a href=\"https://laohu8.com/S/ATHA\">Athira Pharma</a>The stock fell more than 37% in pre-market trading after the company decided to put its CEO on temporary leave.</p><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a>The stock rose nearly 3% in pre-market trading after Q2 revenue and net profit both exceeded market expectations.</p><p><a href=\"https://laohu8.com/S/SYKE\">SECOS Enterprises</a>The stock rose nearly 30% in pre-market trading after Sitel Group announced it would acquire U.S. business process outsourcing provider Sycos for $54 per share.</p><p><b>European Market</b></p><p>Major European stock indices fell across the board, with Germany's DAX 30 down 1.29% as of press time.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It fell 1.4%, and the French CAC40 fell 0.91%.</p><p><img src=\"https://static.tigerbbs.com/592090d138b2b392133d1eea9187093d\" tg-width=\"813\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>Both WTI and Brent crude oil continued to decline. As of press time, WTI crude oil was down 1.04% at $70.30 per barrel. Brent crude fell 1.01% to $72.34 a barrel.</p><p>Oil prices fell for the second consecutive day as the dollar strengthened and the UK rebounded from the pandemic, but the deadlock in Iran nuclear negotiations due to the Iranian election limited the decline in oil prices. Despite short-term resistance, oil prices remain strong overall.</p><p><img src=\"https://static.tigerbbs.com/b19bda2c5975e06ad5f4aca9d7f565bf\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/23f87ea817ccf2c34180a977dd75a707\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><b>gold</b></p><p>Gold rose intraday, rising 1.04% to $1,793.3 per ounce as of press time.</p><p>International gold prices rose, but after the Federal Reserve shifted to a hawkish stance and significantly boosted the dollar, its safe-haven appeal was severely weakened, and gold prices are expected to hit their biggest weekly negative candlestick since March 2020. The dominant and popular theory of shorting the dollar, which has dominated for much of the past year, will face a severe test in the coming weeks and months.</p><p><img src=\"https://static.tigerbbs.com/086026b2ed31e282b42a596a47c5bbe3\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{"161125":"标普500","518880":"黄金ETF华安","SPXU":"三倍做空标普500ETF-ProShares","USO":"美国原油ETF",".IXIC":"NASDAQ Composite","IAU":"黄金信托ETF-iShares","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","OEX":"标普100","IVV":"标普500ETF-iShares","DDG":"ProShares做空石油与天然气ETF",".DJI":"道琼斯","UCO":"二倍做多彭博原油ETF","NUGT":"二倍做多黄金矿业指数ETF-Direxion","DUST":"二倍做空黄金矿业指数ETF-Direxion","UPRO":"三倍做多标普500ETF-ProShares","SCO":"二倍做空彭博原油指数ETF","SSO":"2倍做多标普500ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136637831","content_text":"6月18日，美国三大股指期货全线走低，截至发稿，道指期货跌0.79%；标普500指数期货跌0.65%；纳斯达克100指数期货跌0.46%。\n\n今日是年内第二个“四巫日”，届时大量美股期权将同时到期。高盛集团和野村证券表示，大量标普500指数相关期权到期可能导致市场震荡。野村证券的Charlie McElligott指出，当前极低的大盘实际波动率与大量看涨gamma期权到期的情况是危险的，即一旦头寸集体平仓，实际波动率可能会瞬间回升。\n盘前行情\n中概教育股盘前走高，好未来、新东方盘前涨超3%，高途涨超2%；\n美股黄金股盘前走强，赫克拉矿业涨超3%，科尔黛伦矿业、金罗斯黄金、金田涨超2%；\n丹麦生物技术公司Orphazyme盘前跌超50%，公司宣布下调业绩指引。\n全球领先的货柜租赁服务公司CAI International盘前涨超46%，Mitsubishi HC Capital拟以29亿美元收购该公司。\n生物技术公司杰龙盘前涨超19%，此前在《临床肿瘤学杂志》上公布IMbark二期研究数据。\n临床阶段生物制药公司Athira Pharma盘前跌超37%，此前公司决定让首席执行官暂时休假。\nAdobe盘前涨近3%，Q2营收与净利润均好于市场预期。\n赛科斯企业盘前涨近30%，Sitel集团将以每股54美元的价格收购美国业务流程外包供应商赛科斯。\n欧洲市场\n欧洲主要股指全线下挫，截至发稿，德国DAX30指数跌1.29%，英国富时100跌1.4%、法国CAC40跌0.91%。\n\n原油\n美、布两油持续下挫，截止发稿，WTI原油跌1.04%，报70.3美元/桶；布伦特原油跌1.01%，报72.34美元/桶。\n油价连续第二日下跌，因美元走强且英国疫情反扑，不过伊核谈判因伊朗大选陷入僵局限制了油价的跌势。尽管油价短线遇阻，但整体来看其走势仍然偏强。\n\n黄金\n黄金日内走高，截止发稿，涨1.04%，报1793.3美元/盎司。\n国际金价上涨，但在美联储转向鹰派，大幅提振美元后，黄金避险吸引力受到严重削弱，金价有望创下2020年3月以来最大周阴线。在过去一年大部分时间里占据主导地位和广受欢迎的做空美元理论，将在未来几周和几个月面临严峻考验。","news_type":1,"symbols_score_info":{"161125":0.9,"518880":0.9,"BZmain":0.9,"NUGT":0.9,"DDG":0.9,"USO":0.9,"QMmain":0.9,"SSO":0.9,"DWTIF":0.9,".SPX":0.9,"SPXU":0.9,"IVV":0.9,"MGCmain":0.9,"OEX":0.9,".IXIC":0.9,"SCO":0.9,"UWTIF":0.9,"IAU":0.9,".DJI":0.9,"DUST":0.9,"UCO":0.9,"UPRO":0.9,"OEF":0.9}},"isVote":1,"tweetType":1,"viewCount":2101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":167824894,"gmtCreate":1624260788418,"gmtModify":1703831816796,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167824894","repostId":"1171966944","repostType":4,"repost":{"id":"1171966944","kind":"news","pubTimestamp":1624254615,"share":"https://ttm.financial/m/news/1171966944?lang=en_US&edition=fundamental","pubTime":"2021-06-21 13:50","market":"sh","language":"zh","title":"Missing out on SaaS is missing out on this era.","url":"https://stock-news.laohu8.com/highlight/detail?id=1171966944","media":"ToB老人家","summary":"01 人生最重要的决定\n6年前，我作出了人生最重要的一个决定：转行！\n那时我还在如日中天的Oracle公司，虽然传统软件仍然是各大企业的首选，但在资本的助推下，中国SaaS开始崭露头角。\n\n2013到","content":"<p><b>01 The most important decision in life</b></p><p>Six years ago, I made the most important decision of my life: to change careers!</p><p>At that time, I was still at the height of Oracle. Although traditional software was still the first choice for major enterprises, with the help of capital, SaaS in China began to emerge.</p><p><img src=\"https://static.tigerbbs.com/a5c23147277c69f98011dc3b27b8969c\" tg-width=\"208\" tg-height=\"152\" referrerpolicy=\"no-referrer\"></p><p>SaaS Financing Trends in China from 2013 to 2015</p><p>At that time, as a typical European and American company, the world's second-largest software company (first was...)<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Oracle offers very generous benefits: competitive salary, no 996, plus extended annual leave and various training opportunities. But I resolutely gave up all of that and chose to join a SaaS company.<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>The reason is that I have a strong feeling that traditional software is declining, and the future will definitely belong to SaaS.</p><p>More importantly, I realized that for us ordinary IT people, SaaS would be the best opportunity of our time. I even believe that missing out on SaaS is missing out on this era.</p><p><b>02 Trends of the Times</b></p><p>In 2017, Meituan CEO Wang Xing stated in a speech titled \"The Second Half of the Internet\" that a crucial direction for internet entrepreneurship is to deeply penetrate niche industries. It's essential to understand all aspects of the industry, transform it, and create new value. Wang Xing said, \"Taking Meituan-Dianping as an example, previously it focused more on group buying and food delivery, serving consumers.\" However, they are now getting more involved in B-end businesses, such as restaurant management.</p><p>In China, the mobile internet has profoundly changed everyone's life. According to statistics from the China Internet Network Information Center, as of December 2020, China had 986 million mobile internet users. According to statistics from the Qianzhan Industry Research Institute, as of December 2020, the average online time of Chinese mobile internet users had reached 5.72 hours per day.</p><p>When most Chinese people have become<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Heavy mobile phone users mean that businesses must also adapt to the trends of the times and migrate their products and management to the mobile internet.</p><p>However, for the software industry, the mobile internet is more than just apps. The deeper concept lies in: being user-centric and emphasizing the mobile experience; Continuous iteration and rapid adjustment. Compared to traditional software, Chinese SaaS is undoubtedly more in line with the concept of mobile internet. It is an inevitable trend for enterprises to gradually replace traditional software with SaaS software.</p><p><b>03 Take control of your work</b></p><p>Many product managers who work in internal systems have likely experienced a deep sense of powerlessness: the product department is an auxiliary department, always revolving around the business department. If the business department is capable, that's fine; it's just a matter of working a little harder and enjoying the benefits of the company's growth. If the business department lacks capabilities, or the company's business cannot take off, it will be difficult to make a breakthrough by relying solely on the product department. Even product managers can become scapegoats: if the business isn't making progress, what's the point of keeping product managers?</p><p>As a SaaS product manager, I rarely have this kind of trouble.</p><p>First, software products are the main source of profit for SaaS companies, which means that compared to other departments, the product department is the most core business department. Product managers don't need to depend on what other business units think.</p><p>Secondly, most successful SaaS companies meet the needs of a massive number of customers through a standardized product. The overall planning and design of the product will not be affected by the requirements of a particular customer. To reduce distractions for product managers and allow them to focus on building the best products, product managers often have a high degree of autonomy in SaaS companies. This autonomy includes: determining the authenticity of requirements, priority determination, and so on.</p><p>A SaaS founder told me, \"In our company, customers and sales don't count. Product iteration is mainly done by the product department, otherwise the product will become very bloated.\" In fact, this rule is very common in SaaS companies.</p><p>Therefore, as a SaaS product manager, you have more control over your work than an internal product manager.</p><p><b>04 Opportunities for Ordinary People</b></p><p>In the traditional software era, Oracle and SAP dominated multiple industries, such as Huawei, Lenovo, and Volkswagen.<a href=\"https://laohu8.com/S/601988\">BOC</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>They are all their clients. This is because they can conduct large-scale secondary development according to the needs of each customer, thus requiring relatively low product standardization capabilities.</p><p>However, in the SaaS era, there are higher requirements for product standardization capabilities, and a good user experience must also be taken into account. To achieve this, most SaaS products have to focus on a few industries or sectors. For example, even if its market capitalization has surpassed Oracle's<a href=\"https://laohu8.com/S/CRM\">Salesforce</a>(Data as of June 19, 2021), its SaaS products are still focused on the CRM field. And<a href=\"https://laohu8.com/S/WDAY\">Workday</a>Slack and Shopify have become SaaS companies with market capitalizations of hundreds of billions or even trillions of yuan in the fields of HR, office collaboration and e-commerce, respectively.</p><p>Similarly, most SaaS products in China are vertically oriented. For example, SalesEasy in the CRM field, Beisen in the HR field, and Youzan in the e-commerce field, etc. This means that customers across all industries need more SaaS products.</p><p>Unlike companies like BAT (Baidu, Alibaba, Tencent) that value prestigious university backgrounds, SaaS companies place greater emphasis on understanding B2B business. Therefore, for product managers or other positions with a background in small and medium-sized factories, transitioning to SaaS is a more reliable opportunity.</p><p>In addition, compared to foreign countries, SaaS in China started relatively late and still has a lot of room for development. As of June 19, 2021, there were already...<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>SaaS companies with a market capitalization exceeding 1 trillion yuan, such as Salesforce and Shopify. In China, the first SaaS companies to go public, Youzan and Weimob, both had market capitalizations of less than 40 billion yuan during the same period, which is orders of magnitude different from foreign SaaS giants.</p><p>However, for us, the sooner we enter a sunrise industry, the sooner we can enjoy the benefits of its development.</p><p><b>05 Changing the world</b></p><p>Why did I leave the world-renowned Oracle to join an obscure startup? Because of the call of dreams.</p><p>Life is like a river; what matters is not one's noble birth, but its continuous flow that benefits all living beings. A great life is like the Amazon River, which meanders 6,400 kilometers and nourishes 40% of the South American continent.</p><p>The core of SaaS operations is to serve a massive number of enterprises through standardized products. This means that the products we design can be disseminated to millions of companies, bringing them an easier way to work and higher profits. Imagine how fulfilling it would be to design and launch a small feature that could be used by thousands of companies the next day. Moreover, even after leaving the company, the products we were responsible for will continue to benefit society and become a calling card in our lives.</p><p>For example, I was once responsible for an order management SaaS product for small and medium-sized enterprises, which I iterated from being ignored to increasing the number of orders several times over. I also once managed a channel management SaaS product for large enterprises, which not only went from 0 to 1, but I also personally participated in acquiring benchmark clients. Both products are currently developing very well. Although I am no longer in charge, they have left my indelible mark on them.</p><p>Therefore, choosing to be a SaaS product manager is like choosing to be a still river: it is unlikely to be magnificent, but it is likely to meander and flow endlessly.</p><p><b>06 The person closest to the CEO</b></p><p>As the core position of a SaaS company, a SaaS product manager needs to possess comprehensive abilities and a work attitude that strives for excellence.</p><p>In addition to the business streamlining and product design skills that a typical B-end product manager needs, SaaS product managers must also possess a strong business acumen and ownership awareness.</p><p>Customers pay for the right to use SaaS products. Therefore, product positioning and its alignment with customer business will largely determine the fate of a product, which in turn affects the company's revenue and prospects. If a product manager lacks business acumen and a work attitude that pursues excellence, and can only passively design products according to the requirements of their superiors or customers, it will be difficult for such a product manager to stand on their own.</p><p>To reduce corporate training costs and lower the talent threshold, SaaS products strive for high availability, meaning they can be operated without training. At the same time, operational efficiency is also very important, because sometimes even just a few more clicks can put a heavy operational burden on business personnel. This forces SaaS product managers to design every product detail carefully.</p><p>Becoming a SaaS product manager means continuously improving your business awareness and cultivating an excellent work attitude. Therefore, I believe that an excellent SaaS product manager is the person closest to the CEO of a SaaS company.</p><p><b>07 Don't Miss SaaS</b></p><p>SaaS in China is just getting started. As a disruptor of traditional software, SaaS still has a long way to go. For example:</p><p><ul><li>How can SaaS, which seeks standardization, meet the personalized needs of large enterprises?</p><p></li><li>How can vertical SaaS, which operates independently, meet the needs of large enterprises for one-stop solutions?</p><p></li><li>How can we truly empower small and micro enterprises that lack talent and management capabilities through SaaS?</p><p></li><li>In the wave of digitalization, how can we meet the needs of enterprise transformation consulting?</p><p></li><li>In the intelligent era, how can SaaS be integrated with AI?</p><p></li><li>In the context of globalization, how can Chinese SaaS go global?</p><p></li></ul>When faced with new things, ordinary people see difficulties, while experts see opportunities.</p><p>SaaS in China is not perfect; it should be said that there are still quite a few problems. However, for something that represents a trend, the more problems there are, the greater the opportunities. The less perfect it is, the more promising it is.</p><p>This is the worst SaaS, and also the best SaaS. Don't miss out on SaaS, just like don't miss this era.</p>","source":"lsy1624254627080","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>Missing out on SaaS is missing out on this era.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMissing out on SaaS is missing out on this era.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">ToB老人家</strong><span class=\"h-time small\">2021-06-21 13:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>01 The most important decision in life</b></p><p>Six years ago, I made the most important decision of my life: to change careers!</p><p>At that time, I was still at the height of Oracle. Although traditional software was still the first choice for major enterprises, with the help of capital, SaaS in China began to emerge.</p><p><img src=\"https://static.tigerbbs.com/a5c23147277c69f98011dc3b27b8969c\" tg-width=\"208\" tg-height=\"152\" referrerpolicy=\"no-referrer\"></p><p>SaaS Financing Trends in China from 2013 to 2015</p><p>At that time, as a typical European and American company, the world's second-largest software company (first was...)<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Oracle offers very generous benefits: competitive salary, no 996, plus extended annual leave and various training opportunities. But I resolutely gave up all of that and chose to join a SaaS company.<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>The reason is that I have a strong feeling that traditional software is declining, and the future will definitely belong to SaaS.</p><p>More importantly, I realized that for us ordinary IT people, SaaS would be the best opportunity of our time. I even believe that missing out on SaaS is missing out on this era.</p><p><b>02 Trends of the Times</b></p><p>In 2017, Meituan CEO Wang Xing stated in a speech titled \"The Second Half of the Internet\" that a crucial direction for internet entrepreneurship is to deeply penetrate niche industries. It's essential to understand all aspects of the industry, transform it, and create new value. Wang Xing said, \"Taking Meituan-Dianping as an example, previously it focused more on group buying and food delivery, serving consumers.\" However, they are now getting more involved in B-end businesses, such as restaurant management.</p><p>In China, the mobile internet has profoundly changed everyone's life. According to statistics from the China Internet Network Information Center, as of December 2020, China had 986 million mobile internet users. According to statistics from the Qianzhan Industry Research Institute, as of December 2020, the average online time of Chinese mobile internet users had reached 5.72 hours per day.</p><p>When most Chinese people have become<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Heavy mobile phone users mean that businesses must also adapt to the trends of the times and migrate their products and management to the mobile internet.</p><p>However, for the software industry, the mobile internet is more than just apps. The deeper concept lies in: being user-centric and emphasizing the mobile experience; Continuous iteration and rapid adjustment. Compared to traditional software, Chinese SaaS is undoubtedly more in line with the concept of mobile internet. It is an inevitable trend for enterprises to gradually replace traditional software with SaaS software.</p><p><b>03 Take control of your work</b></p><p>Many product managers who work in internal systems have likely experienced a deep sense of powerlessness: the product department is an auxiliary department, always revolving around the business department. If the business department is capable, that's fine; it's just a matter of working a little harder and enjoying the benefits of the company's growth. If the business department lacks capabilities, or the company's business cannot take off, it will be difficult to make a breakthrough by relying solely on the product department. Even product managers can become scapegoats: if the business isn't making progress, what's the point of keeping product managers?</p><p>As a SaaS product manager, I rarely have this kind of trouble.</p><p>First, software products are the main source of profit for SaaS companies, which means that compared to other departments, the product department is the most core business department. Product managers don't need to depend on what other business units think.</p><p>Secondly, most successful SaaS companies meet the needs of a massive number of customers through a standardized product. The overall planning and design of the product will not be affected by the requirements of a particular customer. To reduce distractions for product managers and allow them to focus on building the best products, product managers often have a high degree of autonomy in SaaS companies. This autonomy includes: determining the authenticity of requirements, priority determination, and so on.</p><p>A SaaS founder told me, \"In our company, customers and sales don't count. Product iteration is mainly done by the product department, otherwise the product will become very bloated.\" In fact, this rule is very common in SaaS companies.</p><p>Therefore, as a SaaS product manager, you have more control over your work than an internal product manager.</p><p><b>04 Opportunities for Ordinary People</b></p><p>In the traditional software era, Oracle and SAP dominated multiple industries, such as Huawei, Lenovo, and Volkswagen.<a href=\"https://laohu8.com/S/601988\">BOC</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>They are all their clients. This is because they can conduct large-scale secondary development according to the needs of each customer, thus requiring relatively low product standardization capabilities.</p><p>However, in the SaaS era, there are higher requirements for product standardization capabilities, and a good user experience must also be taken into account. To achieve this, most SaaS products have to focus on a few industries or sectors. For example, even if its market capitalization has surpassed Oracle's<a href=\"https://laohu8.com/S/CRM\">Salesforce</a>(Data as of June 19, 2021), its SaaS products are still focused on the CRM field. And<a href=\"https://laohu8.com/S/WDAY\">Workday</a>Slack and Shopify have become SaaS companies with market capitalizations of hundreds of billions or even trillions of yuan in the fields of HR, office collaboration and e-commerce, respectively.</p><p>Similarly, most SaaS products in China are vertically oriented. For example, SalesEasy in the CRM field, Beisen in the HR field, and Youzan in the e-commerce field, etc. This means that customers across all industries need more SaaS products.</p><p>Unlike companies like BAT (Baidu, Alibaba, Tencent) that value prestigious university backgrounds, SaaS companies place greater emphasis on understanding B2B business. Therefore, for product managers or other positions with a background in small and medium-sized factories, transitioning to SaaS is a more reliable opportunity.</p><p>In addition, compared to foreign countries, SaaS in China started relatively late and still has a lot of room for development. As of June 19, 2021, there were already...<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>SaaS companies with a market capitalization exceeding 1 trillion yuan, such as Salesforce and Shopify. In China, the first SaaS companies to go public, Youzan and Weimob, both had market capitalizations of less than 40 billion yuan during the same period, which is orders of magnitude different from foreign SaaS giants.</p><p>However, for us, the sooner we enter a sunrise industry, the sooner we can enjoy the benefits of its development.</p><p><b>05 Changing the world</b></p><p>Why did I leave the world-renowned Oracle to join an obscure startup? Because of the call of dreams.</p><p>Life is like a river; what matters is not one's noble birth, but its continuous flow that benefits all living beings. A great life is like the Amazon River, which meanders 6,400 kilometers and nourishes 40% of the South American continent.</p><p>The core of SaaS operations is to serve a massive number of enterprises through standardized products. This means that the products we design can be disseminated to millions of companies, bringing them an easier way to work and higher profits. Imagine how fulfilling it would be to design and launch a small feature that could be used by thousands of companies the next day. Moreover, even after leaving the company, the products we were responsible for will continue to benefit society and become a calling card in our lives.</p><p>For example, I was once responsible for an order management SaaS product for small and medium-sized enterprises, which I iterated from being ignored to increasing the number of orders several times over. I also once managed a channel management SaaS product for large enterprises, which not only went from 0 to 1, but I also personally participated in acquiring benchmark clients. Both products are currently developing very well. Although I am no longer in charge, they have left my indelible mark on them.</p><p>Therefore, choosing to be a SaaS product manager is like choosing to be a still river: it is unlikely to be magnificent, but it is likely to meander and flow endlessly.</p><p><b>06 The person closest to the CEO</b></p><p>As the core position of a SaaS company, a SaaS product manager needs to possess comprehensive abilities and a work attitude that strives for excellence.</p><p>In addition to the business streamlining and product design skills that a typical B-end product manager needs, SaaS product managers must also possess a strong business acumen and ownership awareness.</p><p>Customers pay for the right to use SaaS products. Therefore, product positioning and its alignment with customer business will largely determine the fate of a product, which in turn affects the company's revenue and prospects. If a product manager lacks business acumen and a work attitude that pursues excellence, and can only passively design products according to the requirements of their superiors or customers, it will be difficult for such a product manager to stand on their own.</p><p>To reduce corporate training costs and lower the talent threshold, SaaS products strive for high availability, meaning they can be operated without training. At the same time, operational efficiency is also very important, because sometimes even just a few more clicks can put a heavy operational burden on business personnel. This forces SaaS product managers to design every product detail carefully.</p><p>Becoming a SaaS product manager means continuously improving your business awareness and cultivating an excellent work attitude. Therefore, I believe that an excellent SaaS product manager is the person closest to the CEO of a SaaS company.</p><p><b>07 Don't Miss SaaS</b></p><p>SaaS in China is just getting started. As a disruptor of traditional software, SaaS still has a long way to go. For example:</p><p><ul><li>How can SaaS, which seeks standardization, meet the personalized needs of large enterprises?</p><p></li><li>How can vertical SaaS, which operates independently, meet the needs of large enterprises for one-stop solutions?</p><p></li><li>How can we truly empower small and micro enterprises that lack talent and management capabilities through SaaS?</p><p></li><li>In the wave of digitalization, how can we meet the needs of enterprise transformation consulting?</p><p></li><li>In the intelligent era, how can SaaS be integrated with AI?</p><p></li><li>In the context of globalization, how can Chinese SaaS go global?</p><p></li></ul>When faced with new things, ordinary people see difficulties, while experts see opportunities.</p><p>SaaS in China is not perfect; it should be said that there are still quite a few problems. However, for something that represents a trend, the more problems there are, the greater the opportunities. The less perfect it is, the more promising it is.</p><p>This is the worst SaaS, and also the best SaaS. Don't miss out on SaaS, just like don't miss this era.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/uUEIASQB9iioeX9lyS1t8w\">ToB老人家</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4a9699fd03ca97c5defc830f7c544662","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/uUEIASQB9iioeX9lyS1t8w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171966944","content_text":"01 人生最重要的决定\n6年前，我作出了人生最重要的一个决定：转行！\n那时我还在如日中天的Oracle公司，虽然传统软件仍然是各大企业的首选，但在资本的助推下，中国SaaS开始崭露头角。\n\n2013到2015年中国SaaS融资趋势\n当时，作为典型的欧美企业，全球第二大软件公司（第一是微软），Oracle的福利非常优渥：有竞争力的薪酬，没有996，外加超长年假和各种培训机会。但是我毅然放弃这一切，选择加入一家SaaS创业公司，就在于我已经强烈感受到，传统软件正在走向衰败，未来一定属于SaaS。\n更关键的是，我意识到，对于我们这些平凡的IT人来说，SaaS将是这个时代最好的机遇。我甚至认为，错过SaaS，就是错过这个时代。\n02 时代的趋势\n2017年，美团CEO王兴在一场名为“互联网下半场“的演讲中表示：互联网创业的一个重要方向就是深度扎到细分行业里去。要了解行业的方方面面，去改造行业、创造新的价值。王兴说：“以美团点评为例，之前更多都是做团购、外卖，服务于C端。但是现在开始更多介入B端业务，比如餐厅管理等。”\n在中国，移动互联网已经深刻改变了每个人的生活。据中国互联网络信息中心统计，截至2020年12月，中国手机网民已达9.86亿。而据前瞻产业研究院统计，截止2020年12月，中国手机网民网民平均上网时长已达到5.72小时/天。\n当大部分中国人已经成为智能手机重度用户，意味着企业也必须顺应时代潮流，将产品和管理都迁移到移动互联网上。\n但是，对于软件产业来说，移动互联网不仅仅是APP那么简单。更深层次的理念在于：以用户为中心，重视移动端体验；持续迭代，快速调整。而相对于传统软件，中国SaaS无疑更符合移动互联网的理念。企业逐步用SaaS软件替换原有传统软件，是大势所趋。\n03 掌控自己的工作\n相信很多做内部系统的产品经理，都有过深深的无力感：产品部门是辅助部门，永远都围绕着业务部门转。如果业务部门能力强还好，无非是辛苦一点，还能够享受公司成长的红利；如果碰到业务部门能力欠缺，或者公司业务打不开局面，单靠产品部门就很难有突破。甚至产品经理还可能成为替罪羊：业务没有进展，产品经理还留着干嘛？\n作为SaaS产品经理，就很少有这种烦恼。\n首先，软件产品就是SaaS公司的盈利主体，这就意味着，相对于其他部门，产品部才是最核心的业务部门。产品经理不需要看其他业务部门的脸色。\n其次，大多数成功的SaaS公司，都是通过一套标准化产品满足海量客户的需求。不会因为某一个客户的要求，而影响产品的整体规划和设计。为了降低产品经理受到的干扰，让他们集中精力构建最优秀的产品，在SaaS公司，产品经理往往具有高度自主权。这种自主权包括：需求真伪判定、优先级判定等等。\n一位SaaS创始人对我说：“在我们公司，客户和销售说了都不算，产品迭代以产品部为主，否则产品就会变得很臃肿”。实际上，在SaaS公司，这种规则非常普遍。\n因此，作为SaaS产品经理，比内部产品经理更能掌控自己的工作。\n04 平凡人的机遇\n在传统软件时代，Oracle、SAP都是多个行业通吃，比如华为、联想、大众汽车、中国银行、阿里巴巴都是他们的客户。这得益于，他们可以根据每个客户的需求进行大规模二次开发，因此对产品标准化能力要求相对较低。\n但在SaaS时代，对产品标准化能力要求更高，还必须同时兼顾良好的用户体验。为了实现这一点，大部分SaaS产品不得不聚焦于少数行业或领域。比如，即便是市值已经超越Oracle的Salesforce（截止2021/6/19数据），其SaaS产品仍然聚焦于CRM领域。而Workday、Slack、Shopify则分别在HR、办公协同和电商领域成为千亿甚至万亿元市值的SaaS企业。\n同样，中国SaaS也多为垂直化产品。比如，CRM领域的销售易，HR领域的北森，电商领域的有赞等等。这就意味着，各行各业的客户需要更多的SaaS产品。\n不同于BAT等企业看重名校背景，SaaS公司更看重对B端业务的理解。因此，对于中小厂出身的产品经理或者其他岗位来说，转型SaaS才是更靠谱的机会。\n另外，相对于国外，中国SaaS起步较晚，还有很大的发展空间。截止到2021年6月19日，国外已经有Adobe、Salesfore、Shopify等市值超10,000亿元的SaaS企业。而在中国，率先上市的SaaS企业有赞和微盟，同期市值均不到400亿元，和国外SaaS巨头存在数量级的差异。\n但是，对于我们来说，越早进入一个朝阳行业，越早能够享受到行业发展的红利。\n05 改变世界\n为什么我离开世界知名的Oracle公司，跳槽到名不经传的创业公司？因为梦想的召唤。\n人生就像一条河流，重要的不是出身高贵，而是连绵不绝、福泽众生。伟大的人生，就如同亚马孙河，蜿蜒6400公里，哺育了南美大陆40%的面积。\nSaaS经营的核心，是通过标准化产品，服务海量企业。这就意味着，我们设计的产品，可以传播到千千万万企业，给他们带来更轻松的工作方式和更高的利润。想象一下，你设计并上线了一个小功能，第二天就能被上千家企业使用，这是多么有成就感的事情。而且，即便离开了公司，我们曾负责的产品，仍然会源源不断造福社会，成为我们人生的名片。\n比如，我曾经负责过一款面向中小企业的订单管理SaaS产品，将它从乏人问津迭代到订单数量几倍的增长；我还曾经负责过一款面向大型企业的渠道管理SaaS产品，不但实现了0到1，还亲自参与拿下标杆客户。这两款产品目前发展都很不错，虽然我不再负责，但是它们身上已经留下我不可磨灭的烙印。\n因此，选择做SaaS产品经理，就像选择做一条静水长流的小河：它不太可能波澜壮阔，但它很可能蜿蜒绵长，生生不息。\n06 最接近CEO的人\n作为SaaS公司最核心的岗位，SaaS产品经理需要具备全方位的能力，以及追求极致的工作态度。\n除了一般B端产品经理需要具备的业务梳理、产品设计等能力，SaaS产品经理还必须具备较强的商业意识和Owner意识。\n客户为SaaS产品的使用权付费。因此，产品的定位、与客户业务的匹配度会在很大程度上决定一个产品的命运，进而影响到公司的收入和前景。如果产品经理缺乏商业意识，以及追求极致的工作态度，只能被动按照领导或者客户的要求设计产品，这样的产品经理就很难独当一面。\n为了降低企业培训成本，降低人才门槛，SaaS产品非常追求高可用，即不需要培训就能够上手操作。同时，操作效率也非常重要，因为有时候哪怕只是多点击一下，也会对业务人员造成很重的操作负担。这就倒逼SaaS产品经理设计好每一个产品细节。\n成为SaaS产品经理，就意味着需要不断提升商业意识、打磨极致化的工作态度。因此，我认为，优秀的SaaS产品经理，是最接近SaaS公司CEO的人。\n07 不要错过SaaS\n中国SaaS才刚起步。作为传统软件的颠覆者，SaaS还有很长的路要走。比如：\n\n追求标准化的SaaS，如何满足大企业的个性化需求？\n各自为政的垂直型SaaS，如何满足大企业一站式解决方案的需求？\n面对缺乏人才和管理能力的小微企业，如何通过SaaS真正为他们赋能？\n数字化浪潮下，如何满足企业转型咨询的需求？\n智能时代，SaaS如何与AI融合？\n全球化背景下，中国SaaS如何走向世界？\n\n在新事物面前，普通人看到的是困难，而高手看到的则是机会。\n中国SaaS并不完美，应该说，问题还不少。但是，对于一个代表趋势的事物，问题越多，机会越大；越不完美，越有可期。\n这是最坏的SaaS，也是最好的SaaS。不要错过SaaS，就像不要错过这个时代。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":4605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166573667,"gmtCreate":1624020174259,"gmtModify":1703826720657,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166573667","repostId":"1160653665","repostType":4,"repost":{"id":"1160653665","kind":"news","weMediaInfo":{"introduction":"研讨公司成败，探究行业兴衰，推动阳光商业。由《财经》公司产业报道团队创建，“媒体+智库”双轮驱动的商业新媒体平台","home_visible":1,"media_name":"财经十一人","id":"1099700195","head_image":"https://static.tigerbbs.com/2c6ac2a9dafc44d0a5e8c2ea84dfb4e2"},"pubTimestamp":1624014954,"share":"https://ttm.financial/m/news/1160653665?lang=en_US&edition=fundamental","pubTime":"2021-06-18 19:15","market":"us","language":"zh","title":"Launching Plan B: ByteDance's true thoughts and strategies","url":"https://stock-news.laohu8.com/highlight/detail?id=1160653665","media":"财经十一人","summary":"字节跳动做To B业务的逻辑，是从轻量级应用出发，逐渐向底层做深做厚，而这与当前的云计算巨头的打法是相反的\n\n2020年，是字节跳动业务疯狂成长的一年。这一年，这家公司旗下产品（包括今日头条、抖音、t","content":"<p><div>ByteDance's logic in developing its B2B business is To start with lightweight applications and gradually delve deeper into the underlying layer. This is the opposite of the current strategy of cloud computing giants. 2020 was a year of explosive growth for ByteDance's business. That year, the company's products (including Toutiao, Douyin, tiktok, Xigua Video, Dongchedi, etc.) had 1.9 billion monthly active users worldwide, covering more than 150 countries and regions. In 2020, its revenue reached 236.6 billion yuan, which is equivalent to 650 million yuan in revenue per day. Looking at it over time, ByteDance's revenue has been...</p><p><a href=\"None\">Web page link</a></div></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>Launching Plan B: ByteDance's true thoughts and strategies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLaunching Plan B: ByteDance's true thoughts and strategies\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1099700195\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/2c6ac2a9dafc44d0a5e8c2ea84dfb4e2);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">财经十一人 </p>\n<p class=\"h-time smaller\">2021-06-18 19:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><div>ByteDance's logic in developing its B2B business is To start with lightweight applications and gradually delve deeper into the underlying layer. This is the opposite of the current strategy of cloud computing giants. 2020 was a year of explosive growth for ByteDance's business. That year, the company's products (including Toutiao, Douyin, tiktok, Xigua Video, Dongchedi, etc.) had 1.9 billion monthly active users worldwide, covering more than 150 countries and regions. In 2020, its revenue reached 236.6 billion yuan, which is equivalent to 650 million yuan in revenue per day. Looking at it over time, ByteDance's revenue has been...</p><p><a href=\"None\">Web page link</a></div></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f85a6698080aa2201854246e2dcabe5a","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160653665","content_text":"字节跳动做To B业务的逻辑，是从轻量级应用出发，逐渐向底层做深做厚，而这与当前的云计算巨头的打法是相反的\n\n2020年，是字节跳动业务疯狂成长的一年。这一年，这家公司旗下产品（包括今日头条、抖音、tiktok、西瓜视频、懂车帝等）全球月活跃用户数达到19亿，覆盖全球超过150个国家和地区，2020年营收达2366亿元人民币，相当于每天进账6.5亿元。\n如果按照时间维度来看，字节跳动的营收每年都在翻番。\n\n但就是这么一家在面向个人消费者的To C市场如日中天的公司，在这一年决定进入又难做又陌生的To B市场了。\n2020年2月，字节跳动发布在线办公协同软件飞书，在线办公协同软件是一家To C巨头公司切入To B市场最为直接简单的路径，它可理解为用来办公的社交软件，此前成功案例可参考阿里旗下的钉钉。\n钉钉的一位资深员工近期向《财经》记者评价，飞书目前被认为是钉钉最有潜力的竞争对手。在阿里巴巴To B战略版图中，钉钉已经进入了一个全新的发展阶段——超越协同办公层面，开始和阿里云旗下的其他产品深度绑定，是阿里云进一步深耕To B市场的一个重要抓手。\n飞书只是字节跳动试探To B市场的第一个触角。6月10日，字节跳动再往前走了一步——当天，字节跳动正式宣布推出已经低调运行一年的火山引擎。\n火山引擎是字节跳动旗下面向企业的数字服务的技术平台。如果以云服务的技术逻辑分类，火山引擎位于上层的PaaS、SaaS层。也就是说，火山引擎可以基于不同云（如阿里云、腾讯云、华为云等）为不同类型的企业及政府客户提供不同种类的应用服务。\n火山引擎副总经理张鑫近期在接受《财经》记者专访时透露了几个重要信息：\n其一，火山引擎将是字节跳动布局To B市场的重要抓手，它的成败快慢将决定字节在To B市场布局的轻重缓急；\n其二，字节跳动此时入局To B市场不会走传统的“先云基础设施（IaaS）后搭建应用生态(PaaS+SaaS)”的传统道路，将反向而行；\n其三，字节将布局To B市场的两个领域：有优势的领域，和有预算的领域。\n这三点形成火山引擎To B市场的“字节式”打法。张鑫总结，外部环境变化快，字节的目标是坐到To B市场牌桌四个位置中的一个，在此目标之下，战术将随时调整。\n01、反其道而行之\n字节跳动为什么要切入以政府和企业为目标用户的To B赛道？外部逻辑很简单，面向个人消费者的To C市场红利见顶，头部互联网公司需要找到新的增长极。简单说，得端着今天的碗，想着明天的饭。\n其实，国内包括阿里、腾讯、百度等主流互联网巨头公司目前已经全面布局这个增长空间巨大的市场，并已形成规模效应，字节跳动是最新的入局者。\nTo B市场空间巨大。根据中国信通院发布的数据显示，中国数字经济保持高位增长，2020年增速达9.7%，远高于同期GDP名义增速约6.7个百分点。而且，数字经济在中国经济发展中的地位越来越重要，2002年至2020年中国数字经济占GDP比重由10.0%提升至38.6%。\n这样的空间，对于任何一个有能力去触及的科技公司来说，都不会轻易放过。\n\n内部逻辑相对复杂一点。常理来看，此时入场似乎并不是好时机。\n数字经济以云为基础，结合AI、大数据等最新计算技术。因此，阿里、腾讯和华为等科技巨头此前基本遵循“先铺云（IaaS）再上应用生态”的路径，这好比先铺电网，再基于电网提供不同类型的电器和服务。\n字节跳动如果要走这条老路，基本没有胜算。云被称为“吞金兽”， IaaS本质上属于重资产运营模式，出租算力和存储。这种商业模式需要规模效应：客户越多，边际成本越低。但要保持大量客户，首先要有巨量投入。\n云厂商每年需要花费巨额资金用于服务器等硬件设备的购置以及 IDC 租赁、建设等，而上述资产对折旧摊销的传导会影响云厂商的当期盈利能力。全球最大的公有云服务商亚马逊AWS花费了10年才盈利，阿里云则花了12年。\n字节跳动盈利能力强，现金流也不错，理论上是有实力做这件事情的，但目前公有云IaaS市场已经由三大巨头把持超过70%市场份额的状态，即便它有意愿卧薪尝胆，也已错过了最佳的布局时机。\n空间巨大，但按照传统路径进入未必行得通。字节跳动选择了另一条看起来和传统打法完全相反的路径：先是用飞书试水轻量级的SaaS应用，随后推出火山引擎企业云服务平台，再到时机成熟时，因需定制，补上底层基础设施层面的IaaS。\n到此时，字节跳动做To B业务的战略逻辑已经十分清晰了：从轻量级应用出发，逐渐向底层做深做厚。火山引擎的引擎作用十分关键。\n字节跳动经过9年时间，从一款图片社区产品，发展成为估值超千亿美元的超级独角兽，迅速崛起的核心秘笈，是千人千面智能推荐算法数据分析技术和庞大的图文、视频内容池。\n这些技术和内容，可以通过火山引擎，规模化输出给需要的企业和政府部门，从“自用”变成“输出”，为字节跳动带来新的增长空间。\n但火山引擎输出这些技术和能力，也非一日之功。\n2020年是火山引擎的“冷启动”期。其对外服务经历了两个阶段，第一阶段曾对外提供推荐算法、视频工具等单点SaaS产品，第二阶段逐渐建立了可打包输出的行业解决方案。\n第一个阶段，在SaaS领域尝试单点突破，充分发挥字节跳动推荐算法和相关技术的局部优势。\n举个例子，张鑫本人资深球迷，懂球帝是在足球行业非常垂类的APP，深受广大球迷和用户的喜欢。但是在业务发展初期，懂球帝曾经历过一些技术挑战，包括如何更好地提升性能、如何提升产品的体验。\n比如，早期的时候，用户在观看不同视频切换时，会明显感觉到首帧的卡顿，视频播放的过程中，尤其是在弱网环境下，也会面临着卡顿的风险。\n火山引擎为懂球帝量身订做了视频云+AI的解决方案，解决了这些痛点，提升了画面的质量和播放感。\n这一解决方案背后的技术其实都是字节跳动在视频直播领域的成熟技术。例如，提升画面播放连贯性用的是多轮的画面优化，推流码率的自适应能力，保证在弱网环境下画面质量的提升。除此以外，火山引擎通过图片压缩的算法，将大图传输的延迟大大的降低，并通过动图优化的技术，实现边看、边播。\n此外，火山引擎还通过技术实现主播的美颜、美化，并提供特效、美妆等更加互动的玩法，助力企业客户提升产品的交互度和体验感。\n一个典型的案例是心心APP。这是一款美妆鉴别服务交易平台，用户在购买美妆产品时，需要解决一系列灵魂拷问，比如彩妆质地如何、是否不易脱妆、品牌知名度如何、价格是否符合预期等，还有致命一击——这个色号到底适不适合。无论是线下实地试色还是美妆博主推荐，都有其瑕疵，最直接的解决方案是线上试色，而这需要技术的加持。火山引擎利用AR和AI技术为心心APP解决了这个问题。解决方案上线后，平台的购买转化率直接提升12.6%。\n\n经过SaaS领域的试水，火山引擎服务了不少客户也积累了一些经验，但同时也发现纯技术的应用过于简单，市场天花板较低，同质化竞争激烈，不足以充分发挥字节的所有沉淀优势。\n到了第二个阶段，打法升级，火山引擎团队开始挖掘纯技术之外的优势点。\n“过去九年，字节的用户和收入增长，其实都是非常快的，背后有可复制的方法论——支持用户增长的技术中台，我们想输出中台能力。”张鑫说，字节做任何一件事情，都要保持三个原则：可持续、可复制和可规模化。用户增长中台保证的就是这三个原则。第二阶段，主打“增长”，方案围绕“增长”来展开。换句话说，第一阶段看的是字节有什么，第二阶段看的是市场需要什么。\n以一个水电站客户的需求为例，浙江丽水市的金水峡口水电站已经服役30年，这座水电站需要提升发电量和防汛能力。今年，火山引擎把自己的容器云平台、大数据技术、物联网等技术引到了这座水电站，为水电站打造了一套智慧业务中台。提升了水电站 40% 的管理效率，防汛能力也全面升级。\n火山引擎目前的状态是保持第二个阶段态势，并向第三个阶段进阶。\n《财经》记者从火山引擎处获得的信息是，火山引擎在去年年底已初步形成了一套以SaaS、PaaS为切口，延展至IaaS层的打法思路。这套战略内部已有多轮讨论，目前还在演进过程中，还需根据变化持续观察。\n火山引擎官网显示，火山引擎初步形成了一套对外技术服务产品体系。这套体系共分成三层：基础服务（IaaS）、技术中台（PaaS）、智能应用(SaaS)。\n\n基础服务（IaaS）包括容器、存储、私有云、通信服务。和其他头部数字化企业相比，基础服务层产品还处在强化阶段。\n技术中台（PaaS）、智能应用(SaaS)是火山引擎的优势领域。位于PaaS层的技术中台包括AI中台、数据中台、研发中台、移动中台、多媒体中台。SaaS层的智能应用包括内容套件、营销套件、运营套件以及个性化推荐套件等。目前可部署在其他厂商的IaaS底座（包含公有云、私有云、混合云等）之上。\n目前，政企数字化仍然存在一个缺陷，即数字化平台建起来了，平台上没有东西可用。这为字节带来了机会：先发现需求，解决需求，再因需定制，以终为始。\n但字节仍然面对一个问题，能够提供相似能力的科技公司不少，为什么非要选择字节？\n字节跳动副总裁、算法和数据技术负责人杨震原的解释是，他们发现政企类客户对促成字节跳动用户和营收快速增长的技术和工具感兴趣，希望复制这样的经验。\n《财经》记者了解到，一些地方政府，过去已经采购了云服务，做成了一些惠民兴业的基础应用，但发现应用建起来后，活跃度不行，用户体验和黏性也不行。如何在APP里增加更丰富的内容，更精细化的运营，更千人千面的推荐，这些能力其他科技公司未必有字节擅长。\n大型企业和政府单位在搭建数字化平台能力时，往往不会采用一家技术，更多会集纳多家之所长，张鑫认为，这是字节此时切入的机会。\n02、耐心和快跑\n当一个商业机构发动一个全新的战略项目时，终极目标是获得收入和盈利。在大家都认为数字化平台很重要，又不太懂数字化时，往往很容易形成一个短期特点：平台先建，拿来干什么再说。这时，企业往往需要更符合自身价值观的选择。\n张鑫回忆，火山引擎曾经拿到一个项目，项目金额很高，拿到去集团汇报时，大家发现，这个项目只卖了平台，代表字节跳动在To B市场“增长”理念的内容和应用并没有搭建起来。\n“后来这个项目反而变成一个反面教材。集团内部很多人觉得我们不应该做这样的事情。”他说，这件事情对火山引擎团队冲击非常大。“关注收入，先卖出去，拿到收入，这很有诱惑，但和务实是矛盾的。”\n在经历了那次大型被质疑现场之后，火山引擎建立了重点项目立项机制，项目资金过了千万级，就需要经过立项讨论。讨论和监督有效控制了“务虚”类项目的比例，“再遇到这种情况，需要尝试找找平衡点，帮助客户找到有利于业务或者用户增长的服务。”张鑫对《财经》记者说。\n“单纯堆砌项目数量对火山引擎来说毫无增益。”张鑫说，To B领域苦哈哈做几个月的项目收入额，字节的巨量引擎（广告销售工具）可能几分钟就做出来了。“把有示范效应的头部标杆客户做出来，才是目前最重要的。”\n字节足够的底盘实力和战略倾斜支撑火山引擎对客户耐心的触探和选择，耐心看不见、摸不着，但却无法被取代。另一边是，行业大势不等人，耐心不等于慢。\n字节跳动总员工数目前已经达到11万人，火山引擎团队组织采用的是“虚拟+专职”模式，并不算公司的大型团队。虚拟部分，主要来源于字节跳动的技术中台团队，该中台规模达数千人，支撑抖音、今日头条、懂车帝等“字节系”产品线。火山引擎的核心研发人员来源于此。\n非研发部门约有大几百人规模。包括销售、市场、渠道、解决方案，及行业专家，实施交付团队。\n“这种架构保证了敏捷快跑的能力。”张鑫说，市场变化太快，所有选手都在快速调整姿势，火山引擎目前处于从0到1的阶段，随着客户规模体量越来越大，公司也需要更敏捷，快速动态调整。\n目前火山引擎客户集中在零售、金融、汽车、文旅、泛互联网等领域。其中泛互联网、零售领域被视为优势领域，汽车、金融、文旅被视为重点突破领域。\n一位火山引擎业务人士曾对《财经》记者提到提到，业务中台、数据中台等PaaS层产品“重且完整”，受头部大客户的欢迎。用户行为分析，A/B test等SaaS层单品因为灵活、便宜，因此在中长尾客户中有较好接受度。\n目前，以苏宁为代表的零售厂商，以银河证券为代表的金融企业已经是火山引擎的种子客户。部分手机厂商2017年开始便开始采用字节跳动的技术产品，为应用商店、浏览器优化推荐算法。\n一位手机厂商广告运营人士称，要避免流量空跑，否则每分钟都在浪费钱。手机厂商内部通常会自研算法，也会通过火山引擎购买字节跳动的算法，两者形成赛马关系。按照实际业务需求切换内外算法，以此提高广告转化效率，“字节跳动的算法技术较强，可模仿自学，有交学费性质。你必须知道别人在想什么、做什么。”\n目前多家手机厂商已是火山引擎的重要客户。一些手机厂商与火山引擎的合作更深。vivo已构建基于云服务为基础的业务中台、数据中台，并基于AI推荐技术。\n针对头部客户、长尾客户如何形成不同的打法体系？火山引擎总经理谭待的解释是，字节需要更多的尝试和标杆客户的案例效应。希望与“行业中具有趋势代表性”的客户合作。\n张鑫解释，火山引擎与头部客户展开深层战略合作，在集团层面为之投入资源。针对长尾客户，则会联合巨量引擎旗下穿山甲等流量变现平台展开结合。\n进入ToB市场通常需要建设销售、服务、解决方案伙伴生态。\n在合作伙伴生态建设方面，火山引擎处在初期，强调根据自身的特长开拓相关伙伴，已经建设了一支专业生态团队，形成了一定的流程。目前合作伙伴对字节跳动的技术、工具、资源有较大兴趣，希望这家新晋巨头能为其带来业务增量。\n针对火山引擎营收KPI等市场信息，张鑫对此解释，2021年火山引擎主要目标是打造标杆客户，寻找可复制案例，形成增长体系。营收规模暂时非首要考虑因素。\n此时，数字化市场已经非常拥挤，各家巨头基因不同，优势不同，切入市场的姿势也不同，后来者采用什么样的姿势切入非常关键。\n张鑫透露，字节目前挑选切入的行业分为两类：第一是有优势的行业，第二是有预算的行业。\n前者是字节的舒适区，和字节的基因、优势紧密相关，如文化传媒行业、游戏教育行业、直播视频行业、娱乐和社交行业。\n后者是机会巨大的行业，这些行业包括了政府部门、金融、工业等，但正是因为机会巨大，这些领域往往各家重兵布局，容易短兵相接，张鑫称，字节需要在这些行业里找到字节的独特优势和触点。\n比如，金融公司的APP里，也需要丰富的内容生态和千人千面的推荐机制，这些需求是字节的优势，也是机会。\n“市场很大，机会很多，没有人可以一家通吃，竞争之外，我们希望和其他人也是合作关系。”张鑫说。\n03、外部的评估\n外界极为关注字节的入局。\n一位头部云厂商战规人士对《财经》记者称，早在2020年7月，他和团队便在关注字节跳动在To B市场动作。他表示，字节跳动采买云厂商资源时，策略很独立。其做法是仅消耗资源，不使用其他服务，PaaS、SaaS层均为自研。其他云厂商更像是字节跳动的底座。\n火山引擎的战略、业务、人事也是外界关注重点。字节跳动如何切入To B，IaaS将做到何种程度，PaaS、SaaS可获得多大市场份额，这些问题都会影响市场格局。\n字节跳动因自身业务需求带动了数字化基础设施的建设。在IaaS层，其私有云具有一定规模。此外，多家招聘平台显示，字节跳动在去年7月开始就正在招聘IaaS相关岗位工程师，目前已有一定人才积累。\n公有云IaaS被视为数字化最后端的核心产品，也是登上数字化大厂牌桌的重要筹码。缺少自有公有云IaaS，PaaS、SaaS建设过程中可能面临数据隐私挑战。而且，PaaS、SaaS建设在自有IaaS之上通常可以提供最佳服务。\n基于这些因素，字节跳动进入IaaS领域，恐怕只是时间问题。\n有公有云领域的资深技术人士评论称，字节跳动进入IaaS没有想象中困难，它本身就是最大的公有云使用者之一，目前同时采用了阿里云等多家云厂商的服务。如果要进入IaaS领域，仅自用，就可保证一定的规模。\n但在目前，火山引擎采用了跨云协同、多云协同策略。希望兼容其他云底座，如阿里云、腾讯云、华为云以及字节跳动自身数据中心。火山引擎是核心抓手，决定了未来产品的发展走向。\n接受跨云协同、多云协同是后发数字化企业的普遍做法。一位京东云高管在今年4月对《财经》记者提到，这是市场正在出现的新趋势。\n从市场变化看，同时采购多家云资源是常见现象。互联网客户购买公有云资源时会着重采购成本、战略协同。\n目前企业倾向于采用多云策略，同时部署私有云存储核心数据，并使用多家公有云服务。被视为诞生在公有云之上的互联网企业也是如此。其考虑因素是，避免受制于一家云厂商，通过采购多家的方式压低价格。\n一位头部云厂商高管今年5月接受《财经》记者专访时提到，ToC像打猎，ToB像耕田。该高管此前曾负责过国民级消费互联网产品。在他看来，打猎不用培育行业，但耕田要和伙伴养成市场。ToB市场通常新单翻单比例是1：9，短期市场补贴无法产生根本性影响，服务好留存客户是行业通常做法。\n6月10日，火山引擎推出“火种计划”，一方面联合了多家大型企业共创行业解决方案，另一方面是对小微企业限期免费开放了多款数据智能产品，降低长尾客户的使用门槛。这是火山引擎走向市场的必经之路。\n“我们打算用八年的时间让火山引擎在ToB市场站稳脚跟。”张鑫说。\n“时间会不会太长了？”《财经》记者问。\n“如果说三年，一定是骗人的。做企业服务需要足够的决心和耐心，只有花更长的时间，才能验证这条差异化的路对不对。”张鑫说。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1974,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126175514,"gmtCreate":1624549414038,"gmtModify":1703840189269,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126175514","repostId":"1173297432","repostType":4,"repost":{"id":"1173297432","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624546848,"share":"https://ttm.financial/m/news/1173297432?lang=en_US&edition=fundamental","pubTime":"2021-06-24 23:00","market":"us","language":"zh","title":"Tesla shares rose more than 5%, and the Model 3 and Model Y may sell out in the US.","url":"https://stock-news.laohu8.com/highlight/detail?id=1173297432","media":"老虎资讯综合","summary":"特斯拉的第三季度数据可能会相当令人印象深刻。","content":"<p>Market sources indicate that the current delivery waiting times for the Model 3 and Model Y in the United States partially suggest...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Demand in the United States remains so strong that it may sell out in the third quarter. Both models are expected to be delivered in the third quarter of 2021. The Model Y Long Range Dual Motor AWD version is expected to be delivered in September 2021, while the Model 3 Standard Range and Long Range Dual Motor AWD versions are expected to be delivered in 11 weeks.</p><p>With the Model S and even the Model X joining the competition in the third quarter, Tesla's third-quarter data could be quite impressive. Given that both of these flagship models are high-margin models, Tesla's financial situation in the third quarter may be boosted by the new Model S (and perhaps also a new Model X).</p><p>According to Electrek data, as of May 2021, Tesla models accounted for more than 54% of electric vehicle sales in the United States. In addition, U.S. electric vehicle sales reached 53,779 units in May, a 19.2% increase compared to April 2021.</p><p>As of press time, Tesla shares were up more than 5%.</p><p><img src=\"https://static.tigerbbs.com/4f87da9e5318350fee8df4e0885208cc\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Tesla shares rose more than 5%, and the Model 3 and Model Y may sell out in the US.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla shares rose more than 5%, and the Model 3 and Model Y may sell out in the US.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-24 23:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Market sources indicate that the current delivery waiting times for the Model 3 and Model Y in the United States partially suggest...<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Demand in the United States remains so strong that it may sell out in the third quarter. Both models are expected to be delivered in the third quarter of 2021. The Model Y Long Range Dual Motor AWD version is expected to be delivered in September 2021, while the Model 3 Standard Range and Long Range Dual Motor AWD versions are expected to be delivered in 11 weeks.</p><p>With the Model S and even the Model X joining the competition in the third quarter, Tesla's third-quarter data could be quite impressive. Given that both of these flagship models are high-margin models, Tesla's financial situation in the third quarter may be boosted by the new Model S (and perhaps also a new Model X).</p><p>According to Electrek data, as of May 2021, Tesla models accounted for more than 54% of electric vehicle sales in the United States. In addition, U.S. electric vehicle sales reached 53,779 units in May, a 19.2% increase compared to April 2021.</p><p>As of press time, Tesla shares were up more than 5%.</p><p><img src=\"https://static.tigerbbs.com/4f87da9e5318350fee8df4e0885208cc\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9e0d9f23e003547a93295253f05b6a55","relate_stocks":{"TSLA":"特斯拉"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173297432","content_text":"市场消息，Model 3和Model Y目前在美国的交付等待时间部分暗示了特斯拉在美国的需求仍非常强劲，以至于可能会在第三季度销售一空。这两款车型的预计交付日期都要到2021年第三季度。Model Y长续航双电机全轮驱动版(Long Range Dual Motor AWD)预计交付日期为2021年9月，Model 3标准续航版和长续航双电机全轮驱动版预计交付日期为11周。\n随着Model S，甚至Model X在第三季度加入竞争，特斯拉的第三季度数据可能会相当令人印象深刻。考虑到这两款旗舰车都是高利润车型，特斯拉第三季度的财务状况可能会因为新款Model S(或许还有新款Model X)而得到提振。\n另据Electrek数据：截至2021年5月，特斯拉车型占美国电动汽车销量的54%以上。 此外，5月份美国电动汽车销量达到53779辆，比2021年4月增长了19.2%。\n截至发稿，特斯拉涨超5%。","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4037,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167825746,"gmtCreate":1624260758785,"gmtModify":1703831816148,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167825746","repostId":"1140366799","repostType":4,"repost":{"id":"1140366799","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624257971,"share":"https://ttm.financial/m/news/1140366799?lang=en_US&edition=fundamental","pubTime":"2021-06-21 14:46","market":"hk","language":"zh","title":"Cryptocurrency prices plummeted, with several banks declaring they would not conduct related business.","url":"https://stock-news.laohu8.com/highlight/detail?id=1140366799","media":"老虎资讯综合","summary":"北京时间周一午后，比特币短线下挫1500美元，现报33260.87美元/枚；加密货币以太坊跌破2000美元/枚，日内跌超10%。\n\n农业银行发布声明：我行坚决不开展、不参与任何与虚拟货币相关的业务活动","content":"<p>Bitcoin shares fell $1,500 shortly on Monday afternoon Beijing time, currently trading at $33,260.87 each. The cryptocurrency Ethereum fell below $2,000 per coin, dropping more than 10% intraday.</p><p><img src=\"https://static.tigerbbs.com/6fac185d163f34d53f54a5cf0e55254f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Agricultural Bank of China issued a statement:<b>Our bank resolutely refrains from conducting or participating in any business activities related to virtual currencies, prohibits the entry of customers involved in virtual currency transactions, and will intensify its investigation and monitoring of customer and fund transactions.</b>Upon discovery of any such behavior, measures such as suspending account transactions and terminating customer relationships will be taken immediately, and the relevant departments will be reported in a timely manner. Our bank reiterates that it will strictly implement relevant national regulatory requirements, abide by industry self-regulatory commitments, and resolutely crack down on virtual currency-related business activities. No institution or individual may use our bank's accounts, products, services, etc. for token issuance financing or virtual currency trading.</p><p>Last month, CITIC Bank issued an announcement stating that no institution or individual may use CITIC Bank accounts for activities such as cryptocurrency deposits and withdrawals. According to reports, as early as April 2014, several banks, including China Merchants Bank, Huaxia Bank, China Construction Bank, Bank of China, China Everbright Bank, Ping An Bank, Agricultural Bank of China, Shanghai Pudong Development Bank, Guangfa Bank, Industrial Bank, Industrial and Commercial Bank of China, Bank of Communications, and China Minsheng Bank, announced a ban on Bitcoin transactions, mostly on the grounds of \"protecting the property rights and interests of the public and preventing money laundering risks.\"</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>Cryptocurrency prices plummeted, with several banks declaring they would not conduct related business.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCryptocurrency prices plummeted, with several banks declaring they would not conduct related business.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-21 14:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Bitcoin shares fell $1,500 shortly on Monday afternoon Beijing time, currently trading at $33,260.87 each. The cryptocurrency Ethereum fell below $2,000 per coin, dropping more than 10% intraday.</p><p><img src=\"https://static.tigerbbs.com/6fac185d163f34d53f54a5cf0e55254f\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Agricultural Bank of China issued a statement:<b>Our bank resolutely refrains from conducting or participating in any business activities related to virtual currencies, prohibits the entry of customers involved in virtual currency transactions, and will intensify its investigation and monitoring of customer and fund transactions.</b>Upon discovery of any such behavior, measures such as suspending account transactions and terminating customer relationships will be taken immediately, and the relevant departments will be reported in a timely manner. Our bank reiterates that it will strictly implement relevant national regulatory requirements, abide by industry self-regulatory commitments, and resolutely crack down on virtual currency-related business activities. No institution or individual may use our bank's accounts, products, services, etc. for token issuance financing or virtual currency trading.</p><p>Last month, CITIC Bank issued an announcement stating that no institution or individual may use CITIC Bank accounts for activities such as cryptocurrency deposits and withdrawals. According to reports, as early as April 2014, several banks, including China Merchants Bank, Huaxia Bank, China Construction Bank, Bank of China, China Everbright Bank, Ping An Bank, Agricultural Bank of China, Shanghai Pudong Development Bank, Guangfa Bank, Industrial Bank, Industrial and Commercial Bank of China, Bank of Communications, and China Minsheng Bank, announced a ban on Bitcoin transactions, mostly on the grounds of \"protecting the property rights and interests of the public and preventing money laundering risks.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2b6ee35d5e3953381b46896042cc8e62","relate_stocks":{"01288":"农业银行"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140366799","content_text":"北京时间周一午后，比特币短线下挫1500美元，现报33260.87美元/枚；加密货币以太坊跌破2000美元/枚，日内跌超10%。\n\n农业银行发布声明：我行坚决不开展、不参与任何与虚拟货币相关的业务活动，禁止涉及虚拟货币交易客户准入，并将对客户及资金交易加大排查和监测力度。一经发现相关行为，将立即采取暂停账户交易、终止客户关系等措施，并及时报告有关部门。我行重申，将严格落实国家有关监管要求，恪守行业自律承诺，坚决打击虚拟货币相关业务活动，任何机构及个人不得使用我行账户、产品、服务等进行代币发行融资以及虚拟货币交易。\n上月，中信银行发布公告称，任何机构和个人不得将中信银行账户用于加密货币资金充值、提现等活动。而据报道，早在2014年4月，招商银行、华夏银行、建设银行、中国银行、光大银行、平安银行、农业银行、浦发银行、广发银行、兴业银行、工商银行、交通银行、民生银行等多家银行均宣布禁止比特币交易，理由大多为“保护社会公众的财产权益，防范洗钱风险”。","news_type":1,"symbols_score_info":{"01288":0.9}},"isVote":1,"tweetType":1,"viewCount":3850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167822275,"gmtCreate":1624260629297,"gmtModify":1703831814373,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167822275","repostId":"2145208877","repostType":4,"isVote":1,"tweetType":1,"viewCount":1793,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166579720,"gmtCreate":1624020154060,"gmtModify":1703826719980,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166579720","repostId":"1142180607","repostType":4,"repost":{"id":"1142180607","kind":"news","weMediaInfo":{"introduction":"有视角的商业资讯交流平台","home_visible":1,"media_name":"虎嗅APP","id":"101","head_image":"https://static.tigerbbs.com/98669fe7974e42f3976b3db47528792d"},"pubTimestamp":1624015245,"share":"https://ttm.financial/m/news/1142180607?lang=en_US&edition=fundamental","pubTime":"2021-06-18 19:20","market":"hk","language":"zh","title":"Quiet 618: What's changing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1142180607","media":"虎嗅APP","summary":"今年的618，与往年格外不同。\n这是对互联网领域反垄断调查开启后，电商平台迎来的首个大促。在没有品牌对电商平台“二选一”的限制后，电商环境更开放。而过去这个电商大节往往伴随着营销战、公关战，对比起来，","content":"<p>This year's 618 shopping festival is quite different from previous years.</p><p>This is the first major promotion by e-commerce platforms since the launch of the anti-monopoly investigation into the internet sector. With the absence of restrictions on brands allowing e-commerce platforms to choose between two options, the e-commerce environment is becoming more open. In the past, this major e-commerce festival was often accompanied by marketing and public relations battles, but this year's environment seems somewhat quiet.</p><p>The battlefield was still there, but the smoke seemed less intense. Ji Yun, general manager of Tmall's FMCG business unit, even publicly stated at an event, \"A successful brand must be an omnichannel brand. If it only succeeds on Tmall, it cannot be considered a successful Chinese brand.\"</p><p>Clearly, merchants operating on multiple platforms has become the norm.<b>For major platforms, 618 is no longer about simply and brutally \"grabbing merchants,\" but rather about honing their \"internal capabilities\" and providing good service to merchants who have already joined the platform.</b></p><p>The changes in the competitive landscape actually reflect profound transformations across the entire industry.</p><p><b>To sell, we must integrate product and sales.</b></p><p>Although the 618 shopping festival doesn't seem to be as fierce, merchants still achieved considerable growth according to sales reports from major platforms.</p><p>As of June 16, brand merchants gained nearly 60 million new members during the Tmall 618 shopping festival, with some brands generating more than 50% of their sales from members. On June 1st alone, the first day of the Tmall 618 shopping festival, 25 brands achieved sales exceeding 100 million yuan from members.</p><p><img src=\"https://static.tigerbbs.com/e6accf40012e50f9bc877aa4cba8078b\" tg-width=\"1080\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p>(Caption: Many brands launched exclusive membership benefits on Tmall during the 618 shopping festival)</p><p>The growth is driven by higher participation from brands and merchants. They are still investing heavily in the 618 shopping festival. What is their core goal?</p><p>Obviously, selling goods is not the only purpose.</p><p>In an increasingly complex marketing environment and incentivized competition, platform customer acquisition costs remain high.<b>If e-commerce in the past mainly solved the problems of tools and efficiency, then the new industry trend is to solve the problems of mindset and efficiency.</b>While a surge in sales during major promotional periods is important, bringing more certain and sustainable growth to merchants after a major promotion is the true reflection of internal strength.</p><p>The study found that advertising spending was redistributed across various internet platforms, with advertising revenue on search and vertical platforms declining significantly. E-commerce, video, and social media platforms maintained growth, while short video platforms performed outstandingly.</p><p>Social media was once used as an antidote for businesses and the secret to the rise of emerging brands such as Perfect Diary and Florasis.<b>However, under the pressure of economic downturn, the tactics and content that countless brands are vying to imitate have gradually clogged the channels of social media, and it has begun to enter a prosperous dilemma of having a lot of voice but little sales.</b></p><p>At the same time, brands are paying more attention to return on investment, and the share of performance-based advertising continues to increase. Performance advertising greatly shortens the path for users to go from seeding products to pulling them out, improving customer acquisition and conversion efficiency. At the same time, because performance advertising is often accompanied by price reductions, promotions, red envelope discounts, and other means to promote conversion rates, it can easily lead to a short-term sales surge.<b>However, the disadvantage of this type of advertising is that it cannot effectively retain users and fans, making it difficult to build a brand and generate effective recognition and repeat purchases.</b>If transaction guidance relies primarily on performance-based advertising, the cost for businesses to awaken consumers is too high, making it difficult to achieve sustainable operation. The rise of emerging brands such as Florasis and Perfect Diary is based on the focus on long-term brand operation and investment, and the pursuit of the integration of product and sales.</p><p>On the eve of the 618 shopping festival, Ebang Think Tank conducted an in-depth survey from the perspective of brand advertising. Although Tmall was hit by an anti-monopoly investigation, 80% of the surveyed companies across the internet still participated in the Tmall 618 event. And<b>More than half of the brands participating in Tmall events allocated 30% of their mid-year promotion budget to Tmall. 40% of the surveyed companies said that more than half of their sales during this year's 618 shopping festival are expected to come from Tmall.</b>Over the past year, 50% of the surveyed companies achieved the highest conversion rates on the Tmall platform.</p><p><img src=\"https://static.tigerbbs.com/5b1e8fa7481a04ccf6d168ba0dd86177\" tg-width=\"1000\" tg-height=\"579\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Ebang Think Tank research)</p><p>So, how does Tmall help brands achieve product and sales integration?</p><p>In<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>According to Vice President and Tmall Vice President Fuyuki,<b>Tmall flagship store is the best private domain on the entire internet. It can most effectively accumulate public domain traffic, form brand awareness, and carry out long-term operations including daily sales, weekly sales, and major promotions.</b></p><p>At the same time, Taobao e-commerce continues to promote content-based development. In addition to live streaming, it has also launched interactive games, built a lifestyle sharing platform, and laid out Diantao around the content e-commerce model, exploring a more agile path from seeding to weeding within China's largest business ecosystem.</p><p>This year's 618 shopping festival also upgraded merchant live streaming. Consumers can seamlessly switch between multiple brand live streaming rooms within the group by swiping down when they open the official live streaming room of any brand. The sales volume in the first hour of the \"618\" shopping festival exceeded that of the whole day last year, and the self-streaming sales of brand stores increased by more than 100% year-on-year.</p><p>Overall, Taobao and Tmall are continuously optimizing their business infrastructure and merchant experience.<b>Many merchants said they chose the Tmall platform as their business foundation mainly because it can create certain growth for them.</b></p><p><b>How can a platform retain users?</b></p><p>Balancing brand operational growth with consumer experience and retaining consumers is another major manifestation of a platform's internal strength.</p><p>Among traditional growth hacker advocates, a growth model centered around user acquisition, user activation, user retention, business monetization, and user referrals was once popular. However, today...<b>This model has gradually evolved from AARRR to RARRA, with \"user retention\" as the first key point.</b>This is inseparable from the current surge in consumer goods, frequent major promotions, which divide consumers' attention and purchasing power, and most products facing problems such as the loss of loyal customers.</p><p>Overall, with the continuous increase in mobile internet penetration, the user growth rate of major platforms will inevitably slow down. As platforms enter an era of competition for existing market share, they need to compete for a share of the wallets of the same group of consumers.</p><p><b>To become the first choice for consumers, the key is to look at the scenario and the experience.</b>Major platforms have stated that they prioritize consumer experience, reflecting the intense competition among users.</p><p>When consumers choose a platform, they care most about the simplicity of the rules and the purchase discounts. The increasingly complex discount schemes of the past few years have also drawn a lot of complaints from consumers.</p><p>This year's 618 shopping festival, Tmall's series of measures reflect new changes in consumer strategy.</p><p>Tmall's official list was launched for the first time during this year's 618 shopping festival. The rankings are based on consumer purchasing behavior, including pre-sale rankings, discount rankings, best-selling rankings, add-on rankings for each sub-category, as well as best-selling rankings, positive reviews rankings, and repurchase rankings based on daily sales.<b>Whether someone makes the list or not depends on sales figures. Tmall does not engage in any human intervention or commercialization to ensure credibility and user experience.</b>It can help consumers make decisions, allowing them to buy with peace of mind without blinking.</p><p>Membership management has also become a key focus. From the first wave to the second wave, 88VIP members can receive additional shopping red envelopes.</p><p>Brand memberships have also become an important source of business growth for businesses. On the first day of the 2021 Tmall 618 shopping festival alone, 25 brands achieved membership transactions exceeding 100 million yuan. In addition, several brands with hundreds of thousands of members revealed that member spending accounts for nearly 50% of their stores' total transaction volume, and members generally have higher average order value and repurchase rate.</p><p>In addition, Tmall has moved the pre-sale time forward to 8 p.m. on May 24 this year, avoiding staying up late to add purchases, while also simplifying marketing strategies so that consumers can more directly experience the discounts of the big promotion.</p><p><b>Measures such as list management, membership management, and rule optimization are all aimed at creating a more user-friendly shopping environment.</b></p><p><b>The outcome of future battles</b></p><p>The e-commerce landscape is becoming increasingly fierce, but the core business logic remains unchanged: ultimately, what consumers look at is where the best supply is available.</p><p>Tmall has always had a very clear supply-side strategy. Tmall is the core business platform for new products and brands across the entire internet.</p><p>For established merchants, 618 is the most important window of opportunity for new product launches in the first half of the year.<b>During this year's 618 shopping festival, 1.4 million new products chose to be launched on Tmall.</b></p><p>New brands also regard 618 as an important growth opportunity. According to Tmall's 618 sales statistics from June 1 to 15, 2021, a total of 459 new brands won the TOP 1 spot in their respective categories, and a large number of domestic brands such as Zhuben, Narwal, catlink, and Milk Candy Pie took center stage through the 618 stage.</p><p>Both new products and new brands have a strong need to build user mindsets, so it is natural for them to prioritize Tmall, a platform with strong mindsets.</p><p><a href=\"https://laohu8.com/S/DYIN\">TikTok</a>The entry of content platforms such as Kuaishou into e-commerce has brought new changes to the industry ecosystem.</p><p><b>Douyin proposed the concept of \"interest-based e-commerce,\" emphasizing that the matching of goods and people can be optimized through personalized recommendations. Prior to this,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It also emphasizes replacing \"people finding goods\" with \"goods finding people\".</b></p><p>Some voices predicting the downfall of Taobao and Tmall have emerged – shelf-style e-commerce seems to have become a thing of the past.</p><p>However, the fact that 80% of online merchants chose to participate in Tmall activities during the 618 shopping festival undoubtedly reflects Tmall's competitiveness.</p><p>Among the current mainstream e-commerce platforms, Tmall is the only one with brand-operated stores as its core operation. Sales and operations through other channels often focus on the explosive growth of single products, while Tmall's flagship store model allows merchants to strengthen brand awareness and launch more single products.<b>Tmall has always been regarded as the \"second official website of brands,\" and this position remains solid.</b></p><p>Furthermore, Tmall extends its capabilities to the supply side, helping merchants increase supply from the source, thereby continuing to attract users with new supply.</p><p>Tmall New Product Innovation Center (TMIC) has become a very mature merchant service, and a digital new product development system has been formed.<b>Covering a complete chain from consumer demographic research, market trend insights, refined product development, testing to launch and marketing, it can help brands and merchants improve innovation efficiency and reduce new product development costs.</b>During this year's 618 shopping festival<a href=\"https://laohu8.com/S/600315\">Shanghai Jahwa</a>A face mask from its new brand, Yuze, has entered the top 10 pre-sale bestsellers, becoming the only domestic brand outside of Huawei to make the list, which is inseparable from the help of TMIC.</p><p>As a long-established daily chemical company that nurtured national memories such as Liushen Floral Water and Mexagen, Shanghai Jahwa began cooperating with Tmall TMIC in 2017. In March of this year, the two parties jointly established...<b>\"Innovation Factory 2.0\"</b>\"By deepening cooperation across three dimensions: new production lines, new organizations, and new marketing, Shanghai Jahwa has built a new intelligent manufacturing model, achieving faster new product development, more blockbuster products, a higher success rate of new products, and lower trial-and-error costs.\"</p><p>According to Pan Qiusheng, Chairman of Shanghai Jahwa, \"Previously, our R&D cycle averaged 12 months, but now we can reduce it to 8 months. With the support of Innovation Factory 2.0, we hope to further shorten the R&D cycle so that we can continuously try new products.\" Currently, innovative tools like TMIC are also available on Tmall.<a href=\"https://laohu8.com/S/BBOX\">Black Box</a>Rhino Factory, New Product Radar, and more. Since the beginning of this year, Tmall has introduced a number of measures, including making the standard version of the essential merchant operation tool \"Business Advisor\" free. At the same time, it plans to comprehensively optimize the merchant operation tools within the year. Through the upgrade of the Qianniu workbench, it will help merchants improve their operational efficiency on the platform, including merchant product management, product listing, store decoration, order management, marketing tools, user management, etc. While these measures may not be deeply felt by ordinary consumers, they are actually the foundation upon which Tmall has earned the trust of brand merchants over the years.<b>Tmall's competitive advantage has long exceeded simple product sales, but rather serves as an innovative platform for brand research and development, marketing, and sales.</b></p><p><img src=\"https://static.tigerbbs.com/94150097bfc3565b16d029a5cff87065\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"></p><p>Furthermore, against the backdrop of the overall standardized development of the internet, the advantages of mature platforms like Tmall in governance capabilities will also demonstrate their key value. A platform can only truly become a good business environment if it serves merchants and consumers well through its professional capabilities.</p><p>Ultimately,<b>Only when consumers make repeat purchases and the brand's mindset is established can the platform's value be maximized, making it more likely to become the preferred battleground for merchants.</b><b>This is precisely the core manifestation of the platform's internal strength.</b></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>Quiet 618: What's changing?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQuiet 618: What's changing?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/101\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/98669fe7974e42f3976b3db47528792d);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">虎嗅APP </p>\n<p class=\"h-time smaller\">2021-06-18 19:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>This year's 618 shopping festival is quite different from previous years.</p><p>This is the first major promotion by e-commerce platforms since the launch of the anti-monopoly investigation into the internet sector. With the absence of restrictions on brands allowing e-commerce platforms to choose between two options, the e-commerce environment is becoming more open. In the past, this major e-commerce festival was often accompanied by marketing and public relations battles, but this year's environment seems somewhat quiet.</p><p>The battlefield was still there, but the smoke seemed less intense. Ji Yun, general manager of Tmall's FMCG business unit, even publicly stated at an event, \"A successful brand must be an omnichannel brand. If it only succeeds on Tmall, it cannot be considered a successful Chinese brand.\"</p><p>Clearly, merchants operating on multiple platforms has become the norm.<b>For major platforms, 618 is no longer about simply and brutally \"grabbing merchants,\" but rather about honing their \"internal capabilities\" and providing good service to merchants who have already joined the platform.</b></p><p>The changes in the competitive landscape actually reflect profound transformations across the entire industry.</p><p><b>To sell, we must integrate product and sales.</b></p><p>Although the 618 shopping festival doesn't seem to be as fierce, merchants still achieved considerable growth according to sales reports from major platforms.</p><p>As of June 16, brand merchants gained nearly 60 million new members during the Tmall 618 shopping festival, with some brands generating more than 50% of their sales from members. On June 1st alone, the first day of the Tmall 618 shopping festival, 25 brands achieved sales exceeding 100 million yuan from members.</p><p><img src=\"https://static.tigerbbs.com/e6accf40012e50f9bc877aa4cba8078b\" tg-width=\"1080\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p>(Caption: Many brands launched exclusive membership benefits on Tmall during the 618 shopping festival)</p><p>The growth is driven by higher participation from brands and merchants. They are still investing heavily in the 618 shopping festival. What is their core goal?</p><p>Obviously, selling goods is not the only purpose.</p><p>In an increasingly complex marketing environment and incentivized competition, platform customer acquisition costs remain high.<b>If e-commerce in the past mainly solved the problems of tools and efficiency, then the new industry trend is to solve the problems of mindset and efficiency.</b>While a surge in sales during major promotional periods is important, bringing more certain and sustainable growth to merchants after a major promotion is the true reflection of internal strength.</p><p>The study found that advertising spending was redistributed across various internet platforms, with advertising revenue on search and vertical platforms declining significantly. E-commerce, video, and social media platforms maintained growth, while short video platforms performed outstandingly.</p><p>Social media was once used as an antidote for businesses and the secret to the rise of emerging brands such as Perfect Diary and Florasis.<b>However, under the pressure of economic downturn, the tactics and content that countless brands are vying to imitate have gradually clogged the channels of social media, and it has begun to enter a prosperous dilemma of having a lot of voice but little sales.</b></p><p>At the same time, brands are paying more attention to return on investment, and the share of performance-based advertising continues to increase. Performance advertising greatly shortens the path for users to go from seeding products to pulling them out, improving customer acquisition and conversion efficiency. At the same time, because performance advertising is often accompanied by price reductions, promotions, red envelope discounts, and other means to promote conversion rates, it can easily lead to a short-term sales surge.<b>However, the disadvantage of this type of advertising is that it cannot effectively retain users and fans, making it difficult to build a brand and generate effective recognition and repeat purchases.</b>If transaction guidance relies primarily on performance-based advertising, the cost for businesses to awaken consumers is too high, making it difficult to achieve sustainable operation. The rise of emerging brands such as Florasis and Perfect Diary is based on the focus on long-term brand operation and investment, and the pursuit of the integration of product and sales.</p><p>On the eve of the 618 shopping festival, Ebang Think Tank conducted an in-depth survey from the perspective of brand advertising. Although Tmall was hit by an anti-monopoly investigation, 80% of the surveyed companies across the internet still participated in the Tmall 618 event. And<b>More than half of the brands participating in Tmall events allocated 30% of their mid-year promotion budget to Tmall. 40% of the surveyed companies said that more than half of their sales during this year's 618 shopping festival are expected to come from Tmall.</b>Over the past year, 50% of the surveyed companies achieved the highest conversion rates on the Tmall platform.</p><p><img src=\"https://static.tigerbbs.com/5b1e8fa7481a04ccf6d168ba0dd86177\" tg-width=\"1000\" tg-height=\"579\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Ebang Think Tank research)</p><p>So, how does Tmall help brands achieve product and sales integration?</p><p>In<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>According to Vice President and Tmall Vice President Fuyuki,<b>Tmall flagship store is the best private domain on the entire internet. It can most effectively accumulate public domain traffic, form brand awareness, and carry out long-term operations including daily sales, weekly sales, and major promotions.</b></p><p>At the same time, Taobao e-commerce continues to promote content-based development. In addition to live streaming, it has also launched interactive games, built a lifestyle sharing platform, and laid out Diantao around the content e-commerce model, exploring a more agile path from seeding to weeding within China's largest business ecosystem.</p><p>This year's 618 shopping festival also upgraded merchant live streaming. Consumers can seamlessly switch between multiple brand live streaming rooms within the group by swiping down when they open the official live streaming room of any brand. The sales volume in the first hour of the \"618\" shopping festival exceeded that of the whole day last year, and the self-streaming sales of brand stores increased by more than 100% year-on-year.</p><p>Overall, Taobao and Tmall are continuously optimizing their business infrastructure and merchant experience.<b>Many merchants said they chose the Tmall platform as their business foundation mainly because it can create certain growth for them.</b></p><p><b>How can a platform retain users?</b></p><p>Balancing brand operational growth with consumer experience and retaining consumers is another major manifestation of a platform's internal strength.</p><p>Among traditional growth hacker advocates, a growth model centered around user acquisition, user activation, user retention, business monetization, and user referrals was once popular. However, today...<b>This model has gradually evolved from AARRR to RARRA, with \"user retention\" as the first key point.</b>This is inseparable from the current surge in consumer goods, frequent major promotions, which divide consumers' attention and purchasing power, and most products facing problems such as the loss of loyal customers.</p><p>Overall, with the continuous increase in mobile internet penetration, the user growth rate of major platforms will inevitably slow down. As platforms enter an era of competition for existing market share, they need to compete for a share of the wallets of the same group of consumers.</p><p><b>To become the first choice for consumers, the key is to look at the scenario and the experience.</b>Major platforms have stated that they prioritize consumer experience, reflecting the intense competition among users.</p><p>When consumers choose a platform, they care most about the simplicity of the rules and the purchase discounts. The increasingly complex discount schemes of the past few years have also drawn a lot of complaints from consumers.</p><p>This year's 618 shopping festival, Tmall's series of measures reflect new changes in consumer strategy.</p><p>Tmall's official list was launched for the first time during this year's 618 shopping festival. The rankings are based on consumer purchasing behavior, including pre-sale rankings, discount rankings, best-selling rankings, add-on rankings for each sub-category, as well as best-selling rankings, positive reviews rankings, and repurchase rankings based on daily sales.<b>Whether someone makes the list or not depends on sales figures. Tmall does not engage in any human intervention or commercialization to ensure credibility and user experience.</b>It can help consumers make decisions, allowing them to buy with peace of mind without blinking.</p><p>Membership management has also become a key focus. From the first wave to the second wave, 88VIP members can receive additional shopping red envelopes.</p><p>Brand memberships have also become an important source of business growth for businesses. On the first day of the 2021 Tmall 618 shopping festival alone, 25 brands achieved membership transactions exceeding 100 million yuan. In addition, several brands with hundreds of thousands of members revealed that member spending accounts for nearly 50% of their stores' total transaction volume, and members generally have higher average order value and repurchase rate.</p><p>In addition, Tmall has moved the pre-sale time forward to 8 p.m. on May 24 this year, avoiding staying up late to add purchases, while also simplifying marketing strategies so that consumers can more directly experience the discounts of the big promotion.</p><p><b>Measures such as list management, membership management, and rule optimization are all aimed at creating a more user-friendly shopping environment.</b></p><p><b>The outcome of future battles</b></p><p>The e-commerce landscape is becoming increasingly fierce, but the core business logic remains unchanged: ultimately, what consumers look at is where the best supply is available.</p><p>Tmall has always had a very clear supply-side strategy. Tmall is the core business platform for new products and brands across the entire internet.</p><p>For established merchants, 618 is the most important window of opportunity for new product launches in the first half of the year.<b>During this year's 618 shopping festival, 1.4 million new products chose to be launched on Tmall.</b></p><p>New brands also regard 618 as an important growth opportunity. According to Tmall's 618 sales statistics from June 1 to 15, 2021, a total of 459 new brands won the TOP 1 spot in their respective categories, and a large number of domestic brands such as Zhuben, Narwal, catlink, and Milk Candy Pie took center stage through the 618 stage.</p><p>Both new products and new brands have a strong need to build user mindsets, so it is natural for them to prioritize Tmall, a platform with strong mindsets.</p><p><a href=\"https://laohu8.com/S/DYIN\">TikTok</a>The entry of content platforms such as Kuaishou into e-commerce has brought new changes to the industry ecosystem.</p><p><b>Douyin proposed the concept of \"interest-based e-commerce,\" emphasizing that the matching of goods and people can be optimized through personalized recommendations. Prior to this,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It also emphasizes replacing \"people finding goods\" with \"goods finding people\".</b></p><p>Some voices predicting the downfall of Taobao and Tmall have emerged – shelf-style e-commerce seems to have become a thing of the past.</p><p>However, the fact that 80% of online merchants chose to participate in Tmall activities during the 618 shopping festival undoubtedly reflects Tmall's competitiveness.</p><p>Among the current mainstream e-commerce platforms, Tmall is the only one with brand-operated stores as its core operation. Sales and operations through other channels often focus on the explosive growth of single products, while Tmall's flagship store model allows merchants to strengthen brand awareness and launch more single products.<b>Tmall has always been regarded as the \"second official website of brands,\" and this position remains solid.</b></p><p>Furthermore, Tmall extends its capabilities to the supply side, helping merchants increase supply from the source, thereby continuing to attract users with new supply.</p><p>Tmall New Product Innovation Center (TMIC) has become a very mature merchant service, and a digital new product development system has been formed.<b>Covering a complete chain from consumer demographic research, market trend insights, refined product development, testing to launch and marketing, it can help brands and merchants improve innovation efficiency and reduce new product development costs.</b>During this year's 618 shopping festival<a href=\"https://laohu8.com/S/600315\">Shanghai Jahwa</a>A face mask from its new brand, Yuze, has entered the top 10 pre-sale bestsellers, becoming the only domestic brand outside of Huawei to make the list, which is inseparable from the help of TMIC.</p><p>As a long-established daily chemical company that nurtured national memories such as Liushen Floral Water and Mexagen, Shanghai Jahwa began cooperating with Tmall TMIC in 2017. In March of this year, the two parties jointly established...<b>\"Innovation Factory 2.0\"</b>\"By deepening cooperation across three dimensions: new production lines, new organizations, and new marketing, Shanghai Jahwa has built a new intelligent manufacturing model, achieving faster new product development, more blockbuster products, a higher success rate of new products, and lower trial-and-error costs.\"</p><p>According to Pan Qiusheng, Chairman of Shanghai Jahwa, \"Previously, our R&D cycle averaged 12 months, but now we can reduce it to 8 months. With the support of Innovation Factory 2.0, we hope to further shorten the R&D cycle so that we can continuously try new products.\" Currently, innovative tools like TMIC are also available on Tmall.<a href=\"https://laohu8.com/S/BBOX\">Black Box</a>Rhino Factory, New Product Radar, and more. Since the beginning of this year, Tmall has introduced a number of measures, including making the standard version of the essential merchant operation tool \"Business Advisor\" free. At the same time, it plans to comprehensively optimize the merchant operation tools within the year. Through the upgrade of the Qianniu workbench, it will help merchants improve their operational efficiency on the platform, including merchant product management, product listing, store decoration, order management, marketing tools, user management, etc. While these measures may not be deeply felt by ordinary consumers, they are actually the foundation upon which Tmall has earned the trust of brand merchants over the years.<b>Tmall's competitive advantage has long exceeded simple product sales, but rather serves as an innovative platform for brand research and development, marketing, and sales.</b></p><p><img src=\"https://static.tigerbbs.com/94150097bfc3565b16d029a5cff87065\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"></p><p>Furthermore, against the backdrop of the overall standardized development of the internet, the advantages of mature platforms like Tmall in governance capabilities will also demonstrate their key value. A platform can only truly become a good business environment if it serves merchants and consumers well through its professional capabilities.</p><p>Ultimately,<b>Only when consumers make repeat purchases and the brand's mindset is established can the platform's value be maximized, making it more likely to become the preferred battleground for merchants.</b><b>This is precisely the core manifestation of the platform's internal strength.</b></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3f1b8b141a413bf8b99a717b029c0da6","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W","PDD":"拼多多","09618":"京东集团-SW","JD":"京东"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142180607","content_text":"今年的618，与往年格外不同。\n这是对互联网领域反垄断调查开启后，电商平台迎来的首个大促。在没有品牌对电商平台“二选一”的限制后，电商环境更开放。而过去这个电商大节往往伴随着营销战、公关战，对比起来，今年的环境反倒显得有些静悄悄。\n战场依旧在，但硝烟似乎不再那样浓烈。天猫快消事业部总经理激云甚至在某活动上公开表示，“成功的品牌一定是全渠道品牌，若只是在天猫上成功就不算是成功的中国品牌”。\n显然，商家多平台经营已经成为常态。对各大平台而言，618不再是简单粗暴的“抢商家”，而是转向修炼“内功”，把已经来到平台的商家服务好。\n竞争形态的变化，背后其实是全行业的深刻变革。\n要销售，更要品销合一\n虽然618的战火似乎不那么硝烟弥漫，但从各大平台的战报来看，商家仍然获得了可观的增长。\n截至6月16日，品牌商家在天猫618期间新增了近6000万会员，部分品牌超过50%的成交来自会员。仅在6月1日这天，天猫618开门红第一天，就已经有25个品牌来自会员的成交额超1亿元。\n\n（图注：618期间众多品牌在天猫推出专属的会员权益）\n驱动增长的，是品牌和商家更高的参与度。他们仍然重磅投入618，最核心的目标是什么？\n显然，卖货不是唯一的目的。\n在愈加复杂的营销环境和激励的竞争下，平台获客成本居高不下。如果说过去电商主要解决工具和效率问题，那么新的行业趋势就是要解决心智和效率问题。大促节点的销售爆发固然重要，但是在大促之后给商家带来确定性更强、更可持续的增长，这背后才是内功的体现。\n研究发现，广告投入在各互联网平台中重新分配，搜索、垂直类平台广告收入显著下滑，电商、视频、社交平台维持增长态势，短视频平台表现突出。\n社交媒体一度作为商家的解药，也是完美日记、花西子等新锐品牌崛起的秘诀。但在经济下行压力下，无数品牌竞相模仿的套路和内容，逐渐把社交媒体的通道无比堵塞，开始进入有声量、难有销量的繁荣窘境。\n与此同时，品牌更注重投入产出比，效果类广告份额持续提升。效果广告很大程度缩短了用户从种草到拔草的路径，提升获客转化效率，同时也因为效果广告往往伴随着降价促销、红包折扣等手段，来促进转化率提升，容易造成短期销量暴涨。但是，这种广告的缺点是无法有效沉淀用户和粉丝，从而难以建设品牌，产生有效的认同和复购。如果引导交易主要依赖效果广告，商家唤醒消费者的成本过高，很难实现可持续经营。诸如花西子、完美日记等新锐品牌的兴起，也是在效果投放的基础上，更注重品牌长线运营和投入，追求品销合一。\n在618前夕，亿邦智库从品牌投放角度做了深度调查虽然天猫遭遇反垄断调查冲击，但全网八成受访企业仍参与了天猫618活动。而参与天猫活动的品牌中，有半数以上将年中大促预算的30%留给天猫。4成受访企业表示，今年618半数以上销售额预计来自天猫。而过去一年时间，有50%的受访企业在天猫平台获得最高的投放转化。\n\n（图源：亿邦智库调研）\n那么，天猫是如何帮助品牌方实现品销合一的呢？\n在阿里巴巴副总裁、天猫副总裁吹雪看来，天猫旗舰店是全网最好的私域。它能够最有效地把公域流量沉淀下来，形成品牌心智，并开展包括日销、周销、大促等在内的长线运营。\n与此同时，淘系电商持续推动内容化建设，除直播外，还上线互动游戏，搭建生活方式分享平台逛逛，围绕内容电商形态布局点淘，在中国最大的商业生态内，探索从种草-拔草更敏捷的路径。\n今年618也对商家直播做了升级，消费者打开任意品牌的官方直播间通过下划形式可实现集团内多个品牌直播间的无缝切换，“618”开售第1小时成交超去年全天，品牌店铺自播成交同比增长超100%。\n整体来看，淘宝天猫还在不断地优化商业基础设施和商家体验。不少商家表示，他们选择天猫平台作为生意底座，最主要的原因是这里能为他们创造确定性增长。\n平台如何留住用户？\n而平衡好品牌运营增长和消费者体验，留住消费者，则是平台内功的另一大体现。\n在传统的增长黑客推崇者中，一度流行围绕用户拉新（acquisition)，用户激活（activation），用户留存（retention)、商业变现（revenue）、用户推荐（referral）构成增长模型，而今，这个模型也从AARRR也逐渐演化成RARRA，将“用户留存”作为第一关键点。这与当下消费品激增，大促频繁，瓜分消费者注意力和购买力，大部分产品面临老客流失等问题密不可分。\n总的来看，随着移动互联网渗透率的持续提升，各大平台的用户增速必然放缓。当平台之间进入存量博弈时代，平台需要争夺同一群消费者的钱包份额。\n要想成为消费者的首选，关键看场景和体验。各大平台纷纷表示，把消费者体验作为重中之重，也反映出当前用户竞争层面的焦灼。\n消费者选择平台，最在意的不过是规则的简单，购买的优惠。过去几年越来越复杂的优惠套路，也遭到消费者的大量吐槽。\n今年的618，天猫的一系列措施，反映了在消费者策略上的新变化。\n天猫的官方榜单在今年618期间首次上线。榜单的依据是消费者的购买行为，包括各细分品类预售榜、折扣榜、热卖榜、加购榜，以及基于日常销售的热销榜、好评榜、回购榜等。上榜与否关键看销量，天猫平台不做任何人工干预，不做商业化，以保证公信力和用户体验，可以帮助消费者决策，让用户闭眼买也放心。\n会员运营也成为重点。从第一波到第二波，88VIP会员都能够额外获得购物红包。\n品牌会员也成为商家重要的生意增量来源。仅在2021天猫618开门红第一天，就有25个品牌的会员成交额超1亿元。另外，多个十万级会员数的品牌商透露，会员消费额已经占到他们店铺总成交额的近50%，且会员普遍拥有更高的客单价以及复购率。\n此外，今年天猫把预售时间提前到5月24日晚八点，避免了熬夜加购，同时也简化了营销玩法，让消费者能够更直接地感受到大促的优惠。\n榜单运营、会员运营和规则优化等措施，都是为了形成一个更友好的购物环境。\n未来战局胜负手\n电商战局越发焦灼，但最核心的商业逻辑并未改变：消费者归根结底看的，还是哪里有最好的供给。\n天猫一直有非常清晰的供给侧策略。在全网范围内，天猫都是新品和新品牌的核心经营阵地。\n对于成熟商家而言，618是上半年最重要的新品发布窗口期。今年的618，有140万新品选择在天猫首发。\n而新品牌也把618作为重要的增长机会，根据2021年6月1日至15日的天猫618销售额统计，共有459个新品牌拿下细分类目TOP 1，逐本、云鲸、catlink、奶糖派等又一大批国产品牌通过618的舞台站上C位。\n新品和新品牌，都有强烈的建立用户心智的需求，他们优先选择天猫这个强心智平台，是自然而然的。\n抖音、快手等内容平台进军电商，给行业生态带来了新的变数。\n抖音提出“兴趣电商”概念，强调可以通过个性化推荐优化货与人的匹配。而在此前，拼多多也强调以“货找人”取代“人找货”。\n一些唱衰淘宝天猫的声音随之产生——货架式电商似乎已经成为明日黄花。\n但全网八成商家在618期间选择参与天猫活动的事实，却确凿无疑地反映出天猫的竞争力。\n在目前主流电商平台中，天猫是唯一以品牌自营店铺为运营核心的电商平台。其他渠道的销售和运营，往往侧重于单品的爆发，而天猫的旗舰店模式，能够让商家强化品牌认知，并推出更多单品。天猫一直被视为“品牌的第二官网”，目前来看，这一地位仍然稳固。\n更进一步地，天猫还向供给侧延伸自己的能力，从源头上帮助商家提升供给，从而以新供给继续吸引用户。\n天猫新品创新中心（TMIC）已经成为一项非常成熟的商家服务，目前已经形成一套数字化的新品研发系统，涵盖从消费者人群研究、市场趋势洞察、细腻品研发、测试到上市营销的完整链路，可以帮助品牌商家提升创新效率、降低新品研发成本。今年618期间，上海家化旗下新品牌玉泽的一款面膜跻身预售10大爆款，成为华为之外唯一入榜的国货品牌，背后就离不开TMIC的帮助。\n作为孕育了六神花露水、美加净等民族记忆的老牌日化企业，上海家化从2017年便开始与天猫TMIC合作，今年3月，双方共同建立“创新工厂2.0”，从新产线、新组织、新营销三个维度上更深层次地展开合作，构建起了上海家化的新智造模式，实现了更快的新品开发速度、更多的爆款产品、更高的新品成功率、更低的试错成本。\n据上海家化董事长潘秋生介绍，“过往我们的研发周期平均在12个月，现在我们能够压缩到8个月。又因为有创新工厂2.0的配合，我们希望能够把研发周期继续压短，这样的话我们就能不断试错一些新产品。”目前在天猫，类似TMIC这样的创新工具还有小黑盒、犀牛工厂、新品雷达等等，今年以来天猫连续出台多项措施，对商家必备运营工具“生意参谋”标准版实行免费，同时计划在年内，对商家经营工具进行全面优化，通过千牛工作台的升级，帮助商家提升在平台的经营效率，包括商家商品管理、商品发布、店铺装修、订单管理、营销工具、用户管理等等。这些措施虽然对于普通消费者感知不深，其实却是多年来天猫赢得品牌商家信任的基础，天猫业务的护城河其实早已超过简单的商品售卖，而是品牌研发、营销、售卖的创新中台。\n\n此外，在互联网整体规范发展的背景下，天猫这样的成熟平台在治理能力上的优势，也会体现出它的关键价值。一个平台只有通过专业化能力，服务好商家和消费者，才能够真正成为一个好的生意场。\n说到底，消费者有复购，品牌心智有沉淀，平台的价值才会达到最大化，也才更有可能成为商家首选的主战场。这也正是平台内功的核心体现。","news_type":1,"symbols_score_info":{"JD":0.9,"09618":0.9,"PDD":0.9,"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1937,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166546627,"gmtCreate":1624019822669,"gmtModify":1703826710413,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166546627","repostId":"1136637831","repostType":4,"repost":{"id":"1136637831","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624017912,"share":"https://ttm.financial/m/news/1136637831?lang=en_US&edition=fundamental","pubTime":"2021-06-18 20:05","market":"fut","language":"zh","title":"Pre-market: The \"Four Witches' Day\" is here again! The US stock market is going to be interesting tonight!","url":"https://stock-news.laohu8.com/highlight/detail?id=1136637831","media":"老虎资讯综合","summary":"6月18日，美国三大股指期货全线走低，截至发稿，道指期货跌0.79%；标普500指数期货跌0.65%；纳斯达克100指数期货跌0.46%。\n\n今日是年内第二个“四巫日”，届时大量美股期权将同时到期。高","content":"<p>On June 18, futures for all three major U.S. stock indexes fell across the board, with Dow Jones futures down 0.79% as of press time. S&P 500 futures fell 0.65%; Nasdaq 100 futures fell 0.46%.</p><p><img src=\"https://static.tigerbbs.com/1694d26cd01389f499fe064b60f6b943\" tg-width=\"478\" tg-height=\"179\" referrerpolicy=\"no-referrer\"></p><p>Today is the second \"Four Witches' Day\" of the year, when a large number of US stock options will expire at the same time. Goldman Sachs and Nomura Securities stated that the expiration of a large number of S&P 500-related options could cause market volatility. Charlie McElligott of Nomura Securities points out that the current extremely low real volatility in the market and the large number of call gamma options expiring are dangerous, meaning that real volatility could rebound instantly once positions are collectively closed.</p><p><b>Pre-market price</b></p><p>Chinese concept education stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>、<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It rose more than 3% in pre-market trading.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose more than 2%;</p><p>US gold stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/HL\">Hekla Mining</a>It rose more than 3%.<a href=\"https://laohu8.com/S/CDE\">Cordelen Mining</a>、<a href=\"https://laohu8.com/S/KGC\">Golden Rose Gold</a>、<a href=\"https://laohu8.com/S/GFI\">Kaneda</a>It rose more than 2%;</p><p>Danish Biotechnology Company<a href=\"https://laohu8.com/S/ORPH\">Orphazyme</a>The stock fell more than 50% in pre-market trading after the company announced a reduction in its earnings guidance.</p><p>The world's leading container rental service company<a href=\"https://laohu8.com/S/CAI\">CAI International</a>The stock rose more than 46% in pre-market trading after Mitsubishi HC Capital announced its plan to acquire the company for $2.9 billion.</p><p>Biotechnology companies<a href=\"https://laohu8.com/S/GERN\">Jeron</a>The stock rose more than 19% in pre-market trading after data from the IMbark Phase II study were published in the Journal of Clinical Oncology.</p><p>Clinical stage biopharmaceutical companies<a href=\"https://laohu8.com/S/ATHA\">Athira Pharma</a>The stock fell more than 37% in pre-market trading after the company decided to put its CEO on temporary leave.</p><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a>The stock rose nearly 3% in pre-market trading after Q2 revenue and net profit both exceeded market expectations.</p><p><a href=\"https://laohu8.com/S/SYKE\">SECOS Enterprises</a>The stock rose nearly 30% in pre-market trading after Sitel Group announced it would acquire U.S. business process outsourcing provider Sycos for $54 per share.</p><p><b>European Market</b></p><p>Major European stock indices fell across the board, with Germany's DAX 30 down 1.29% as of press time.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It fell 1.4%, and the French CAC40 fell 0.91%.</p><p><img src=\"https://static.tigerbbs.com/592090d138b2b392133d1eea9187093d\" tg-width=\"813\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>Both WTI and Brent crude oil continued to decline. As of press time, WTI crude oil was down 1.04% at $70.30 per barrel. Brent crude fell 1.01% to $72.34 a barrel.</p><p>Oil prices fell for the second consecutive day as the dollar strengthened and the UK rebounded from the pandemic, but the deadlock in Iran nuclear negotiations due to the Iranian election limited the decline in oil prices. Despite short-term resistance, oil prices remain strong overall.</p><p><img src=\"https://static.tigerbbs.com/b19bda2c5975e06ad5f4aca9d7f565bf\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/23f87ea817ccf2c34180a977dd75a707\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><b>gold</b></p><p>Gold rose intraday, rising 1.04% to $1,793.3 per ounce as of press time.</p><p>International gold prices rose, but after the Federal Reserve shifted to a hawkish stance and significantly boosted the dollar, its safe-haven appeal was severely weakened, and gold prices are expected to hit their biggest weekly negative candlestick since March 2020. The dominant and popular theory of shorting the dollar, which has dominated for much of the past year, will face a severe test in the coming weeks and months.</p><p><img src=\"https://static.tigerbbs.com/086026b2ed31e282b42a596a47c5bbe3\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></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>Pre-market: The \"Four Witches' Day\" is here again! The US stock market is going to be interesting tonight!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market: The \"Four Witches' Day\" is here again! The US stock market is going to be interesting tonight!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-18 20:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 18, futures for all three major U.S. stock indexes fell across the board, with Dow Jones futures down 0.79% as of press time. S&P 500 futures fell 0.65%; Nasdaq 100 futures fell 0.46%.</p><p><img src=\"https://static.tigerbbs.com/1694d26cd01389f499fe064b60f6b943\" tg-width=\"478\" tg-height=\"179\" referrerpolicy=\"no-referrer\"></p><p>Today is the second \"Four Witches' Day\" of the year, when a large number of US stock options will expire at the same time. Goldman Sachs and Nomura Securities stated that the expiration of a large number of S&P 500-related options could cause market volatility. Charlie McElligott of Nomura Securities points out that the current extremely low real volatility in the market and the large number of call gamma options expiring are dangerous, meaning that real volatility could rebound instantly once positions are collectively closed.</p><p><b>Pre-market price</b></p><p>Chinese concept education stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>、<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>It rose more than 3% in pre-market trading.<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>It rose more than 2%;</p><p>US gold stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/HL\">Hekla Mining</a>It rose more than 3%.<a href=\"https://laohu8.com/S/CDE\">Cordelen Mining</a>、<a href=\"https://laohu8.com/S/KGC\">Golden Rose Gold</a>、<a href=\"https://laohu8.com/S/GFI\">Kaneda</a>It rose more than 2%;</p><p>Danish Biotechnology Company<a href=\"https://laohu8.com/S/ORPH\">Orphazyme</a>The stock fell more than 50% in pre-market trading after the company announced a reduction in its earnings guidance.</p><p>The world's leading container rental service company<a href=\"https://laohu8.com/S/CAI\">CAI International</a>The stock rose more than 46% in pre-market trading after Mitsubishi HC Capital announced its plan to acquire the company for $2.9 billion.</p><p>Biotechnology companies<a href=\"https://laohu8.com/S/GERN\">Jeron</a>The stock rose more than 19% in pre-market trading after data from the IMbark Phase II study were published in the Journal of Clinical Oncology.</p><p>Clinical stage biopharmaceutical companies<a href=\"https://laohu8.com/S/ATHA\">Athira Pharma</a>The stock fell more than 37% in pre-market trading after the company decided to put its CEO on temporary leave.</p><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a>The stock rose nearly 3% in pre-market trading after Q2 revenue and net profit both exceeded market expectations.</p><p><a href=\"https://laohu8.com/S/SYKE\">SECOS Enterprises</a>The stock rose nearly 30% in pre-market trading after Sitel Group announced it would acquire U.S. business process outsourcing provider Sycos for $54 per share.</p><p><b>European Market</b></p><p>Major European stock indices fell across the board, with Germany's DAX 30 down 1.29% as of press time.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It fell 1.4%, and the French CAC40 fell 0.91%.</p><p><img src=\"https://static.tigerbbs.com/592090d138b2b392133d1eea9187093d\" tg-width=\"813\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>Both WTI and Brent crude oil continued to decline. As of press time, WTI crude oil was down 1.04% at $70.30 per barrel. Brent crude fell 1.01% to $72.34 a barrel.</p><p>Oil prices fell for the second consecutive day as the dollar strengthened and the UK rebounded from the pandemic, but the deadlock in Iran nuclear negotiations due to the Iranian election limited the decline in oil prices. Despite short-term resistance, oil prices remain strong overall.</p><p><img src=\"https://static.tigerbbs.com/b19bda2c5975e06ad5f4aca9d7f565bf\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/23f87ea817ccf2c34180a977dd75a707\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><b>gold</b></p><p>Gold rose intraday, rising 1.04% to $1,793.3 per ounce as of press time.</p><p>International gold prices rose, but after the Federal Reserve shifted to a hawkish stance and significantly boosted the dollar, its safe-haven appeal was severely weakened, and gold prices are expected to hit their biggest weekly negative candlestick since March 2020. The dominant and popular theory of shorting the dollar, which has dominated for much of the past year, will face a severe test in the coming weeks and months.</p><p><img src=\"https://static.tigerbbs.com/086026b2ed31e282b42a596a47c5bbe3\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{"161125":"标普500","518880":"黄金ETF华安","SPXU":"三倍做空标普500ETF-ProShares","USO":"美国原油ETF",".IXIC":"NASDAQ Composite","IAU":"黄金信托ETF-iShares","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","OEX":"标普100","IVV":"标普500ETF-iShares","DDG":"ProShares做空石油与天然气ETF",".DJI":"道琼斯","UCO":"二倍做多彭博原油ETF","NUGT":"二倍做多黄金矿业指数ETF-Direxion","DUST":"二倍做空黄金矿业指数ETF-Direxion","UPRO":"三倍做多标普500ETF-ProShares","SCO":"二倍做空彭博原油指数ETF","SSO":"2倍做多标普500ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136637831","content_text":"6月18日，美国三大股指期货全线走低，截至发稿，道指期货跌0.79%；标普500指数期货跌0.65%；纳斯达克100指数期货跌0.46%。\n\n今日是年内第二个“四巫日”，届时大量美股期权将同时到期。高盛集团和野村证券表示，大量标普500指数相关期权到期可能导致市场震荡。野村证券的Charlie McElligott指出，当前极低的大盘实际波动率与大量看涨gamma期权到期的情况是危险的，即一旦头寸集体平仓，实际波动率可能会瞬间回升。\n盘前行情\n中概教育股盘前走高，好未来、新东方盘前涨超3%，高途涨超2%；\n美股黄金股盘前走强，赫克拉矿业涨超3%，科尔黛伦矿业、金罗斯黄金、金田涨超2%；\n丹麦生物技术公司Orphazyme盘前跌超50%，公司宣布下调业绩指引。\n全球领先的货柜租赁服务公司CAI International盘前涨超46%，Mitsubishi HC Capital拟以29亿美元收购该公司。\n生物技术公司杰龙盘前涨超19%，此前在《临床肿瘤学杂志》上公布IMbark二期研究数据。\n临床阶段生物制药公司Athira Pharma盘前跌超37%，此前公司决定让首席执行官暂时休假。\nAdobe盘前涨近3%，Q2营收与净利润均好于市场预期。\n赛科斯企业盘前涨近30%，Sitel集团将以每股54美元的价格收购美国业务流程外包供应商赛科斯。\n欧洲市场\n欧洲主要股指全线下挫，截至发稿，德国DAX30指数跌1.29%，英国富时100跌1.4%、法国CAC40跌0.91%。\n\n原油\n美、布两油持续下挫，截止发稿，WTI原油跌1.04%，报70.3美元/桶；布伦特原油跌1.01%，报72.34美元/桶。\n油价连续第二日下跌，因美元走强且英国疫情反扑，不过伊核谈判因伊朗大选陷入僵局限制了油价的跌势。尽管油价短线遇阻，但整体来看其走势仍然偏强。\n\n黄金\n黄金日内走高，截止发稿，涨1.04%，报1793.3美元/盎司。\n国际金价上涨，但在美联储转向鹰派，大幅提振美元后，黄金避险吸引力受到严重削弱，金价有望创下2020年3月以来最大周阴线。在过去一年大部分时间里占据主导地位和广受欢迎的做空美元理论，将在未来几周和几个月面临严峻考验。","news_type":1,"symbols_score_info":{"161125":0.9,"518880":0.9,"BZmain":0.9,"NUGT":0.9,"DDG":0.9,"USO":0.9,"QMmain":0.9,"SSO":0.9,"DWTIF":0.9,".SPX":0.9,"SPXU":0.9,"IVV":0.9,"MGCmain":0.9,"OEX":0.9,".IXIC":0.9,"SCO":0.9,"UWTIF":0.9,"IAU":0.9,".DJI":0.9,"DUST":0.9,"UCO":0.9,"UPRO":0.9,"OEF":0.9}},"isVote":1,"tweetType":1,"viewCount":2101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126800569,"gmtCreate":1624549519651,"gmtModify":1703840194486,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126800569","repostId":"1144044065","repostType":4,"repost":{"id":"1144044065","kind":"news","pubTimestamp":1624532990,"share":"https://ttm.financial/m/news/1144044065?lang=en_US&edition=fundamental","pubTime":"2021-06-24 19:09","market":"hk","language":"zh","title":"China Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period and it will be difficult to return to normal in the","url":"https://stock-news.laohu8.com/highlight/detail?id=1144044065","media":"新浪财经","summary":"这次疫情至少是自第二次世界大战以来对全球经济、人类社会最大的一次冲击。","content":"<p>The 2021 Caixin Summer Summit was held in Beijing from June 23-25, 2021. Yu Xuejun, a leader of the China Banking and Insurance Regulatory Commission, attended and delivered a speech.</p><p>Yu Xuejun stated that the global economy is in a sensitive period of evolution and change, and it is difficult to return to normal in the short term.</p><p>He explained that, firstly, the complexity and sensitivity facing the global economy this year were caused by the outbreak and spread of the COVID-19 pandemic last year, \"and the impact was too great.\" He cited a UN report stating that this was \"the worst global economic contraction since the Great Depression of the 1930s, a contraction 2.5 times the degree of the 2009 international financial crisis.\" He added,</p><p>\"From our memory, this pandemic has been the biggest shock to the global economy and human society since at least World War II.\" Last year, the global economy contracted by 4.4% overall. Thanks to China's good control of the epidemic and its combined efforts in epidemic prevention and economic work, the country resumed work and production effectively, making it the only country among the world's top ten economies to achieve positive growth, with an annual economic growth of 2.3%. Yu Xuejun said,</p><p>\"This (growth) of 2.3% is very well-known now. We see it on TV, in newspapers, and even some foreign scholars often mention 2.3%.\" Second, due to the rare impact of the COVID-19 pandemic on the global economy, governments around the world have generally implemented ultra-loose stimulus economic policies. Historically, these policies are unprecedented in intensity and have played an important role in stabilizing the economies and maintaining social order in various countries. However, at the same time, these ultra-loose policies have also brought many problems.</p><p>Third, the changes and impacts of global geopolitics.</p><p>Yu Xuejun stated that the key to controlling the epidemic lies in the research and development and administration of vaccines. All countries hope to achieve this in one fell swoop, but progress is now very fast, far exceeding people's previous expectations. How things will change in the future depends on two factors. One is the effectiveness of the vaccine, including its shelf life, which remains to be seen.</p><p>Second, the speed and complexity of the COVID-19 virus mutation. “In the past, when we were doing banking supervision, we often said, ‘Regulation is a race against risk.’ Today, we are borrowing this saying. We believe that fighting the COVID-19 pandemic is actually a race against the mutations of the virus,” he said. Overall, the situation in humanity’s fight against the COVID-19 pandemic has become bright, and it now seems to be dominated by optimism. He believes that the negative impact on the economy will gradually weaken.</p><p>When discussing the future of ultra-loose stimulus policies, Yu Xuejun analyzed the situation in the United States.</p><p>Last year, during the Trump administration, after the widespread spread of COVID-19 in the United States, the Federal Reserve lowered the Federal Reserve interest rate from 1.5%-1.75% to 0% to 0.25% in mid-March, the so-called \"zero interest rate\". At the end of the year, the Federal Reserve intensified its QE policy, increasing its bond purchases to $120 billion per month starting in December.</p><p>Since taking office, President Biden has further increased fiscal stimulus policies, most notably the $1.9 trillion COVID-19 relief bill passed in April of this year. In addition, he proposed a plan to revive infrastructure investment. The initial proposal was for a scale of 2.25 trillion, but it has recently been reduced to approximately $1 trillion.</p><p>Since last year, the Federal Reserve has implemented an ultra-loose monetary policy, which has led to a significant increase in its balance sheet, which has surged from about $4 trillion at the beginning to $7.5 trillion at the end of the year, and has now reached about $8 trillion. This has led to a continuous expansion of global dollar liquidity and caused a sharp rise in commodity prices, including a rare increase in food prices, raising global concerns about inflation.</p><p>Yu Xuejun believes that with the improvement of the US anti-epidemic situation and the cumulative effect of ultra-loose monetary stimulus policies, the US economy has rebounded strongly. According to the latest OECD medium-term economic outlook forecast, the US economy will grow by 6.9% this year, which is 0.4 percentage points higher than the previous forecast.</p><p>In response to these new changes, the Federal Reserve has begun to send hawkish signals at its latest interest rate meeting in June, and the market expects the Fed's rate hike to be brought forward by a year to the second half of 2022. In addition, inflation expectations have been significantly raised, with the U.S. PCE and personal consumption expenditures price index expected to rise to 3.4% in 2021, up 1 percentage point from the March forecast. Yu Xuejun said,</p><p>\"We are in a window of opportunity where macroeconomic control policies may be adjusted and changed at any time, so the market is extremely sensitive. A piece of information or a single word from the Federal Reserve can cause huge fluctuations in the market. Currently, grain, iron ore, oil, gold, and exchange rates rise and fall almost every day, with different changes and no consistent direction. We are in such a sensitive period.\" Why is it difficult to return to normal in the short term? He gave two reasons:</p><p>First, the impact of the COVID-19 pandemic is too great, and controlling the pandemic remains unpredictable. In addition, the significant impact of the pandemic on human society, especially on economic activities, after it is brought under control, also requires time to be assessed.</p><p>Secondly, the ultra-loose stimulus policies of various countries have had a significant impact. The withdrawal of these policies requires a long process and is irreversible. In particular, the base money injected by the Federal Reserve is difficult to recover in the short term and may become a part of history that will be retained forever.</p><p>\"After the 2008 US financial crisis, the Federal Reserve implemented a quantitative easing monetary policy. Previously, the Fed's balance sheet was less than $900 billion, but it later increased to a peak of $4.5 trillion, and now it has increased to $8 trillion. Based on this calculation...\"<b>The Fed's balance sheet is expected to eventually be more than 10 times larger than it was before the 2008 financial crisis.</b>These large amounts of dollar liquidity are being invested around the world, having a huge impact on global economic and financial markets, especially on inflation, which I believe is difficult to eliminate in the short term and difficult to accurately assess.</p>","source":"XLCJ","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 Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period and it will be difficult to return to normal in the</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Banking and Insurance Regulatory Commission official: The global economy is in a sensitive period and it will be difficult to return to normal in the\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-06-24 19:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The 2021 Caixin Summer Summit was held in Beijing from June 23-25, 2021. Yu Xuejun, a leader of the China Banking and Insurance Regulatory Commission, attended and delivered a speech.</p><p>Yu Xuejun stated that the global economy is in a sensitive period of evolution and change, and it is difficult to return to normal in the short term.</p><p>He explained that, firstly, the complexity and sensitivity facing the global economy this year were caused by the outbreak and spread of the COVID-19 pandemic last year, \"and the impact was too great.\" He cited a UN report stating that this was \"the worst global economic contraction since the Great Depression of the 1930s, a contraction 2.5 times the degree of the 2009 international financial crisis.\" He added,</p><p>\"From our memory, this pandemic has been the biggest shock to the global economy and human society since at least World War II.\" Last year, the global economy contracted by 4.4% overall. Thanks to China's good control of the epidemic and its combined efforts in epidemic prevention and economic work, the country resumed work and production effectively, making it the only country among the world's top ten economies to achieve positive growth, with an annual economic growth of 2.3%. Yu Xuejun said,</p><p>\"This (growth) of 2.3% is very well-known now. We see it on TV, in newspapers, and even some foreign scholars often mention 2.3%.\" Second, due to the rare impact of the COVID-19 pandemic on the global economy, governments around the world have generally implemented ultra-loose stimulus economic policies. Historically, these policies are unprecedented in intensity and have played an important role in stabilizing the economies and maintaining social order in various countries. However, at the same time, these ultra-loose policies have also brought many problems.</p><p>Third, the changes and impacts of global geopolitics.</p><p>Yu Xuejun stated that the key to controlling the epidemic lies in the research and development and administration of vaccines. All countries hope to achieve this in one fell swoop, but progress is now very fast, far exceeding people's previous expectations. How things will change in the future depends on two factors. One is the effectiveness of the vaccine, including its shelf life, which remains to be seen.</p><p>Second, the speed and complexity of the COVID-19 virus mutation. “In the past, when we were doing banking supervision, we often said, ‘Regulation is a race against risk.’ Today, we are borrowing this saying. We believe that fighting the COVID-19 pandemic is actually a race against the mutations of the virus,” he said. Overall, the situation in humanity’s fight against the COVID-19 pandemic has become bright, and it now seems to be dominated by optimism. He believes that the negative impact on the economy will gradually weaken.</p><p>When discussing the future of ultra-loose stimulus policies, Yu Xuejun analyzed the situation in the United States.</p><p>Last year, during the Trump administration, after the widespread spread of COVID-19 in the United States, the Federal Reserve lowered the Federal Reserve interest rate from 1.5%-1.75% to 0% to 0.25% in mid-March, the so-called \"zero interest rate\". At the end of the year, the Federal Reserve intensified its QE policy, increasing its bond purchases to $120 billion per month starting in December.</p><p>Since taking office, President Biden has further increased fiscal stimulus policies, most notably the $1.9 trillion COVID-19 relief bill passed in April of this year. In addition, he proposed a plan to revive infrastructure investment. The initial proposal was for a scale of 2.25 trillion, but it has recently been reduced to approximately $1 trillion.</p><p>Since last year, the Federal Reserve has implemented an ultra-loose monetary policy, which has led to a significant increase in its balance sheet, which has surged from about $4 trillion at the beginning to $7.5 trillion at the end of the year, and has now reached about $8 trillion. This has led to a continuous expansion of global dollar liquidity and caused a sharp rise in commodity prices, including a rare increase in food prices, raising global concerns about inflation.</p><p>Yu Xuejun believes that with the improvement of the US anti-epidemic situation and the cumulative effect of ultra-loose monetary stimulus policies, the US economy has rebounded strongly. According to the latest OECD medium-term economic outlook forecast, the US economy will grow by 6.9% this year, which is 0.4 percentage points higher than the previous forecast.</p><p>In response to these new changes, the Federal Reserve has begun to send hawkish signals at its latest interest rate meeting in June, and the market expects the Fed's rate hike to be brought forward by a year to the second half of 2022. In addition, inflation expectations have been significantly raised, with the U.S. PCE and personal consumption expenditures price index expected to rise to 3.4% in 2021, up 1 percentage point from the March forecast. Yu Xuejun said,</p><p>\"We are in a window of opportunity where macroeconomic control policies may be adjusted and changed at any time, so the market is extremely sensitive. A piece of information or a single word from the Federal Reserve can cause huge fluctuations in the market. Currently, grain, iron ore, oil, gold, and exchange rates rise and fall almost every day, with different changes and no consistent direction. We are in such a sensitive period.\" Why is it difficult to return to normal in the short term? He gave two reasons:</p><p>First, the impact of the COVID-19 pandemic is too great, and controlling the pandemic remains unpredictable. In addition, the significant impact of the pandemic on human society, especially on economic activities, after it is brought under control, also requires time to be assessed.</p><p>Secondly, the ultra-loose stimulus policies of various countries have had a significant impact. The withdrawal of these policies requires a long process and is irreversible. In particular, the base money injected by the Federal Reserve is difficult to recover in the short term and may become a part of history that will be retained forever.</p><p>\"After the 2008 US financial crisis, the Federal Reserve implemented a quantitative easing monetary policy. Previously, the Fed's balance sheet was less than $900 billion, but it later increased to a peak of $4.5 trillion, and now it has increased to $8 trillion. Based on this calculation...\"<b>The Fed's balance sheet is expected to eventually be more than 10 times larger than it was before the 2008 financial crisis.</b>These large amounts of dollar liquidity are being invested around the world, having a huge impact on global economic and financial markets, especially on inflation, which I believe is difficult to eliminate in the short term and difficult to accurately assess.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.cn/hy/2021-06-24/detail-ikqciyzk1510511.d.html?from=wap\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f0777ffe79222b2a04c15407e205bed9","relate_stocks":{"000001.SH":"上证指数",".DJI":"道琼斯"},"source_url":"https://finance.sina.cn/hy/2021-06-24/detail-ikqciyzk1510511.d.html?from=wap","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144044065","content_text":"2021财新夏季峰会于2021年6月23-25日在北京举办，中国银行保险监督管理委员会领导于学军出席并演讲。\n于学军表示，全球经济正处于演进变化的敏感时期，短期内难以回归常态。\n他解释称，首先，今年全球经济面临的复杂性和敏感性是受去年新冠肺炎疫情在全球的暴发、蔓延而形成的，“这个冲击太大了”。他引用联合国报告称这“是自上世纪30年代经济大萧条以来，全球经济最严重的收缩，收缩的程度是2009年国际金融危机的2.5倍”。他又说道，\n\n “从我们的记忆来说，这次疫情至少是自第二次世界大战以来对全球经济、人类社会最大的一次冲击。”\n\n去年全球经济总体下降4.4%，由于中国疫情控制得好，并且防疫和经济工作两手抓，复工复产有力有效，成为了全球前十大经济体中唯一实现正增长的国家，全年经济增长2.3%。于学军说，\n\n “这个（增长）2.3%，现在非常有名，我们看电视、报纸，包括国外的一些学者，他们也经常提起来2.3%。”\n\n第二，由于新冠疫情对全球经济形成的罕见冲击，所以各国政府普遍实行了超宽松的刺激性经济政策，历史比较来看，这些政策力度是空前的，在各国稳定经济和维护社会秩序等方面均发挥了重要作用，但与此同时这些超宽松的政策也带来许多问题。\n第三，全球地缘政治的变化和影响。\n于学军表示，控制疫情的关键环节在于疫苗的研发和接种，各国都希望可以毕其功于一役，现在看进展很快，远超出人们之前的预期。未来如何变化取决于两个因素，一是疫苗的有效性，包括有效期，尚有待时间检验。\n二是新冠病毒变异的速度和复杂性。“过去我们做银行监管常说的一句话，叫做‘监管就是与风险赛跑’，今天我们把这句话借用过来，我们认为抗击新冠疫情实际上也是与新冠病毒的变异赛跑”，他说，总体来看人类抗击新冠疫情的形势已现光明，现在普遍看起来是乐观情绪主导，相信对经济的负面影响也会逐步减弱。\n谈及超宽松的刺激性政策何去何从，于学军分析了美国的情况。\n去年在特朗普执政时期，新冠肺炎在美国大面积传染之后，美联储在3月中旬一次性将联邦储备利率由1.5%-1.75%调低为0%到0.25%，即所谓的“零利率”。年末美联储又加大QE政策，从12月起将其购债规模每月增加到1200亿美元。\n拜登总统上任之后，进一步加大财政的刺激性政策，最具代表性的就是于今年4月通过的1.9万亿美元的新冠纾困法案。另外，他还提出基建投资的复兴计划。开始拟定的是2.25万亿规模，最近有所压缩，预计约1万亿美元。\n去年开始美联储实行超宽松的货币政策，使其资产负债表大幅增加，已从初期的约4万亿美元陡增至年末的7.5万亿美元，最新大概达到8万亿美元。这使全球的美元流动性不断膨胀，并造成大宗初级商品的价格大幅上涨，包括粮食也出现罕见的涨价现象，全球对通胀的担忧由此产生。\n于学军认为，随着美国抗疫形势出现好转，在货币超宽松刺激政策累加的作用之下，美国经济出现强势反弹，最新据经合组织OECD中期经济展望预测，今年美国经济将增长6.9%，比之前的预测调高了0.4个百分点。\n针对这些新变化，美联储在6月最新的议息会议上已开始释放鹰派信号，市场预计美联储加息或提前一年至2022年下半年。另外通货膨胀预期也被大幅上调，预计2021年美国的PCE及个人消费支出价格指数将升到3.4%，较3月的预测值上调1个百分点。于学军称，\n\n “我们处于这样一个宏观调控政策有可能随时发生调整变化的窗口期，所以市场表现极为敏感，一个信息、美联储的一句措词都有可能引起市场的巨大波动。现在粮食、铁矿石、石油、黄金、汇率几乎每天都出现上涨、下跌，有不同的变化，没有一致的方向，处在这样的一个敏感期。”\n\n为什么短期常态难回归呢？他给出两个原因：\n一是新冠疫情的冲击太大，现在疫情控制仍然难以预料。另外，疫情控制之后其对人类社会产生的重大影响，尤其是对经济活动的影响，也需要一个时间进行评估。\n二是各国超宽松的刺激性政策形成了重大影响，这些政策的退出需要一个较长的过程，并且覆水难收，尤其是美联储投放出去的基础货币很难在短期收回，也许会成为一段历史永远保留下去。\n\n “2008年美国发生金融危机之后，美联储就实行了量化宽松的货币政策，这个之前美联储的资产负债表不到9000亿美元，后来最高增加到了4.5万亿美元，现在又增加到8万亿美元。这样计算下来，\n 预计最终美联储的资产负债表将比2008年金融危机之前提高10倍以上，这些大量的美元流动性投入到世界各地，对全球经济金融市场形成巨大影响，尤其是下一步对通货膨胀的影响，我认为短期内难以消除，也难以准确评估。”","news_type":1,"symbols_score_info":{".DJI":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":4984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126800369,"gmtCreate":1624549505551,"gmtModify":1703840193663,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126800369","repostId":"1106576178","repostType":4,"repost":{"id":"1106576178","kind":"news","pubTimestamp":1624536819,"share":"https://ttm.financial/m/news/1106576178?lang=en_US&edition=fundamental","pubTime":"2021-06-24 20:13","market":"us","language":"zh","title":"XPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106576178","media":"时代在线","summary":"小鹏这次在香港上市属于双重上市，受美国SEC和香港SFC双方的监管。","content":"<p>By Li Zhuoling</p><p>Less than a year after successfully going public in the US last August,<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>They are then preparing for a Hong Kong IPO, aiming for a \"dual listing\".</p><p>At 8 p.m. on June 24, XPeng Motor Company issued a supplementary announcement to its prospectus, stating that it will issue 85 million Class A ordinary shares as part of its global offering, and 4.25 million Class A ordinary shares will be publicly offered in Hong Kong under the stock code \"9868\". XPeng Motors stated that the maximum offering price for this public offering in Hong Kong is HK$180 or US$23.19 per share (equivalent to US$46.39 per ADS).</p><p>Regarding shareholders, the prospectus shows that He Xiaopeng, co-founder, chairman and CEO of XPeng Motors, and his affiliated companies are the controlling shareholders of XPeng Motors, holding 21.75% of the shares. Taobao China holds 11.9% of the shares, and IDG Capital holds 4.8%.</p><p>On the same day, according to Times Finance on the official website of the Hong Kong Stock Exchange, XPeng Automotive has passed the listing hearing of the Hong Kong Stock Exchange and submitted its post-hearing information set for the first time. XPeng stated that this dataset is not the final listing document, and the company may update or revise it from time to time in accordance with the listing rules.</p><p>It is understood that this return to the Hong Kong stock market,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Bank of America and XPeng Motors are joint sponsors. The aforementioned investment bank had previously assisted XPeng in completing its IPO in the United States. Meanwhile, XPeng Motors has raised up to $2 billion in this round of financing. However, XPeng Automotive declined to comment on news regarding its Hong Kong listing, he told Times Finance.</p><p><img src=\"https://static.tigerbbs.com/637e64eaf32d8f5ba864c1e1c3561ec9\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\">Image source: XPeng Automobile</p><p>It is worth noting that, in addition to XPeng vehicles,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Both Li Auto and China have previously been rumored to be interested in listing in Hong Kong. In March of this year, according to media reports, Nio and XPeng had submitted their listing applications to the Hong Kong Stock Exchange, while Li Auto had not yet submitted its application. The report also cited sources familiar with the matter as saying that all three companies intend to sell 5% of their shares, raising a total of $5 billion.</p><p>Regarding the subsequent return plans and progress, Times Finance also interviewed Nio and...<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Both parties stated that there was no further information to disclose at the moment. Regarding the updates on XPeng' return to Hong Kong for its IPO, a representative from Nio' public relations department said, \"Best wishes to my teammates.\"</p><p><b>Dual listing</b></p><p>“XPeng’s listing in Hong Kong is a dual listing, subject to regulation by both the US SEC and the Hong Kong SFC. Generally speaking, this situation is stricter than a secondary listing,” Wang Yitang, a strategist at Sichuan Securities, told Times Finance on June 24.</p><p>Public information shows that companies primarily listed on qualified exchanges (such as the NYSE, NASDAQ, etc.) are allowed to conduct a secondary listing in Hong Kong, but must meet several conditions, including that the company must be a startup.<a href=\"https://laohu8.com/S/300832\">New industry</a>The company has a good compliance record of being listed on a qualified exchange for at least the most recent two full fiscal years, and the applicant's total market capitalization at the time of secondary listing in Hong Kong is not less than HK$40 billion, or the total market capitalization at the time of listing is not less than HK$10 billion and the revenue in the most recent audited fiscal year is not less than HK$1 billion, etc.</p><p><img src=\"https://static.tigerbbs.com/7426061ec0b6d7263a5f645b48ccc96b\" tg-width=\"550\" tg-height=\"414\" referrerpolicy=\"no-referrer\">Image source: Screenshot from the Hong Kong Stock Exchange website</p><p>XPeng’s return to the Hong Kong stock market through a rare “Dual Primary Listing” is mainly due to the short interval between its previous Listing on the US stock market (August 27 last year), which does not meet the requirement for the listed entity to have at least two years of good regulatory compliance records on another eligible exchange in a secondary Listing.</p><p>Wang Yitang told Times Finance that, given XPeng Motors' current market capitalization and its status as an innovative company, it theoretically meets the standards for listing on the Hong Kong Stock Exchange. As of the market close on June 23, XPeng Motors (XPEV.NYSE) closed at $41.61 per share, with a total market capitalization of $33.427 billion, or approximately HK$259.53 billion.</p><p>However, XPeng Motors' post-hearing filing with the Hong Kong Stock Exchange still mentioned a number of risks and uncertainties, including challenges as a new entrant to the industry, the possibility that its R&D efforts may not yield the expected results, risks related to autonomous driving technology, and the fact that it has only recently started generating revenue and is still generating losses and negative operating cash flow, which are likely to continue in the future.</p><p>Among them, in<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>Regarding production capacity cooperation, XPeng Automotive stated that the cooperation agreement with Haima will expire on December 31 this year, but there may be a failure to enter into a new contract or extend an existing contract with Haima on acceptable terms and conditions, and the agreement may also be terminated by mutual consent. If any of the above occurs, XPeng Motor may be required to enter into contracts with other third parties or significantly increase its own production capacity.</p><p>\"We cannot guarantee that, under such circumstances, we will be able to partner with other third parties on acceptable terms or increase our own production capacity to meet our needs, or at all. Completing any transition and ensuring the production capacity of the new third-party partners' factories...\"<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The expense and time required for electric vehicles to meet our quality standards and regulatory requirements may be greater than expected. Any of the above factors could adversely affect our business, results of operations, financial condition, and prospects. XPeng Motor Company stated in its post-hearing submission.</p><p><img src=\"https://static.tigerbbs.com/70c771acf3ec396d6a6bb60ff0922bce\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Image source: Internet. Please contact us to remove any infringements.</p><p><b>Is \"Wei Xiaoli\" accelerating its return to Hong Kong for IPO and fundraising?</b></p><p>Industry insiders believe that if XPeng successfully lists on the Hong Kong stock market, it will help it further broaden its financing channels and prepare funds for its subsequent product launches and technology research and development.</p><p>According to data submitted by XPeng Motors to the Hong Kong Stock Exchange, XPeng Motors' annual R&D expenditure was RMB 1.051 billion, RMB 2.07 billion, and RMB 1.726 billion from 2018 to 2020, respectively. Adding the RMB 535 million in the first quarter of this year, the total is approximately RMB 5.382 billion. The above expenses accounted for 89.2%, 29.5% and 18.1% of our total revenue in 2019, 2020 and the three months ended 31 March 2021, respectively.</p><p>In terms of R&D personnel, as of the end of March this year, 2,442 employees (accounting for approximately 39.8% of the total) worked in XPeng Automotive's R&D department, of which 62.1%, 16.3% and 21.5% were dedicated to automotive design and engineering, autonomous driving and intelligent operating systems, respectively. Looking at the employee breakdown by function, the proportion of R&D personnel at XPeng Motor Company is second only to those responsible for sales and marketing (2,518 people), with the latter accounting for 41.1%.</p><p>It is worth noting that XPeng Motor Company had previously acquired relatively sufficient cash reserves through its initial public offering and subsequent share issuances. It is reported that it completed its initial public offering and listed on the New York Stock Exchange last August, raising net proceeds of approximately US$1.656 billion after deducting underwriting discounts, commissions and expenses. Subsequently, in December of last year, XPeng completed a subsequent public offering at a price of $45 per American Depositary Share or $22.5 per share, raising a total of $2.445 billion in net proceeds after deducting underwriting discounts, commissions and expenses.</p><p>Currently, in addition to XPeng Automobile, two other leading emerging automakers, Nio and Li Auto, are rumored to also have plans to list in Hong Kong in order to further optimize their financing channels. According to the Q1 financial reports of \"Wei Xiaoli\" automakers, all three automakers currently have cash reserves exceeding 30 billion yuan. Among them, Nio has the largest cash reserves of 47.5 billion yuan, XPeng has 36.201 billion yuan, and Li Auto has 30.36 billion yuan.</p><p>Previously, Li Auto founder and CEO Li Xiang stated that Li Auto would not mind any form of financing, including the secondary market, bank loans, and bond issuance.</p><p>An industry insider told Times Finance that while broadening external financing channels, expanding delivery scale to enhance their own revenue-generating capabilities remains the top priority for emerging electric vehicle companies to achieve profitability. according to<a href=\"https://laohu8.com/S/002736\">Guoxin Securities</a>The research report estimates that Nio, XPeng, and Li Auto need to reach sales volumes of 180,000, 120,000, and 60,000 vehicles respectively to achieve profitability. As of the end of May this year, Nio had delivered a total of 109,500 vehicles, XPeng had delivered over 64,000 vehicles, and Li Auto had delivered over 56,000 vehicles.</p>","source":"lsy1588128741489","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>XPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">时代在线</strong><span class=\"h-time small\">2021-06-24 20:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>By Li Zhuoling</p><p>Less than a year after successfully going public in the US last August,<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>They are then preparing for a Hong Kong IPO, aiming for a \"dual listing\".</p><p>At 8 p.m. on June 24, XPeng Motor Company issued a supplementary announcement to its prospectus, stating that it will issue 85 million Class A ordinary shares as part of its global offering, and 4.25 million Class A ordinary shares will be publicly offered in Hong Kong under the stock code \"9868\". XPeng Motors stated that the maximum offering price for this public offering in Hong Kong is HK$180 or US$23.19 per share (equivalent to US$46.39 per ADS).</p><p>Regarding shareholders, the prospectus shows that He Xiaopeng, co-founder, chairman and CEO of XPeng Motors, and his affiliated companies are the controlling shareholders of XPeng Motors, holding 21.75% of the shares. Taobao China holds 11.9% of the shares, and IDG Capital holds 4.8%.</p><p>On the same day, according to Times Finance on the official website of the Hong Kong Stock Exchange, XPeng Automotive has passed the listing hearing of the Hong Kong Stock Exchange and submitted its post-hearing information set for the first time. XPeng stated that this dataset is not the final listing document, and the company may update or revise it from time to time in accordance with the listing rules.</p><p>It is understood that this return to the Hong Kong stock market,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Bank of America and XPeng Motors are joint sponsors. The aforementioned investment bank had previously assisted XPeng in completing its IPO in the United States. Meanwhile, XPeng Motors has raised up to $2 billion in this round of financing. However, XPeng Automotive declined to comment on news regarding its Hong Kong listing, he told Times Finance.</p><p><img src=\"https://static.tigerbbs.com/637e64eaf32d8f5ba864c1e1c3561ec9\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\">Image source: XPeng Automobile</p><p>It is worth noting that, in addition to XPeng vehicles,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Both Li Auto and China have previously been rumored to be interested in listing in Hong Kong. In March of this year, according to media reports, Nio and XPeng had submitted their listing applications to the Hong Kong Stock Exchange, while Li Auto had not yet submitted its application. The report also cited sources familiar with the matter as saying that all three companies intend to sell 5% of their shares, raising a total of $5 billion.</p><p>Regarding the subsequent return plans and progress, Times Finance also interviewed Nio and...<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Both parties stated that there was no further information to disclose at the moment. Regarding the updates on XPeng' return to Hong Kong for its IPO, a representative from Nio' public relations department said, \"Best wishes to my teammates.\"</p><p><b>Dual listing</b></p><p>“XPeng’s listing in Hong Kong is a dual listing, subject to regulation by both the US SEC and the Hong Kong SFC. Generally speaking, this situation is stricter than a secondary listing,” Wang Yitang, a strategist at Sichuan Securities, told Times Finance on June 24.</p><p>Public information shows that companies primarily listed on qualified exchanges (such as the NYSE, NASDAQ, etc.) are allowed to conduct a secondary listing in Hong Kong, but must meet several conditions, including that the company must be a startup.<a href=\"https://laohu8.com/S/300832\">New industry</a>The company has a good compliance record of being listed on a qualified exchange for at least the most recent two full fiscal years, and the applicant's total market capitalization at the time of secondary listing in Hong Kong is not less than HK$40 billion, or the total market capitalization at the time of listing is not less than HK$10 billion and the revenue in the most recent audited fiscal year is not less than HK$1 billion, etc.</p><p><img src=\"https://static.tigerbbs.com/7426061ec0b6d7263a5f645b48ccc96b\" tg-width=\"550\" tg-height=\"414\" referrerpolicy=\"no-referrer\">Image source: Screenshot from the Hong Kong Stock Exchange website</p><p>XPeng’s return to the Hong Kong stock market through a rare “Dual Primary Listing” is mainly due to the short interval between its previous Listing on the US stock market (August 27 last year), which does not meet the requirement for the listed entity to have at least two years of good regulatory compliance records on another eligible exchange in a secondary Listing.</p><p>Wang Yitang told Times Finance that, given XPeng Motors' current market capitalization and its status as an innovative company, it theoretically meets the standards for listing on the Hong Kong Stock Exchange. As of the market close on June 23, XPeng Motors (XPEV.NYSE) closed at $41.61 per share, with a total market capitalization of $33.427 billion, or approximately HK$259.53 billion.</p><p>However, XPeng Motors' post-hearing filing with the Hong Kong Stock Exchange still mentioned a number of risks and uncertainties, including challenges as a new entrant to the industry, the possibility that its R&D efforts may not yield the expected results, risks related to autonomous driving technology, and the fact that it has only recently started generating revenue and is still generating losses and negative operating cash flow, which are likely to continue in the future.</p><p>Among them, in<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>Regarding production capacity cooperation, XPeng Automotive stated that the cooperation agreement with Haima will expire on December 31 this year, but there may be a failure to enter into a new contract or extend an existing contract with Haima on acceptable terms and conditions, and the agreement may also be terminated by mutual consent. If any of the above occurs, XPeng Motor may be required to enter into contracts with other third parties or significantly increase its own production capacity.</p><p>\"We cannot guarantee that, under such circumstances, we will be able to partner with other third parties on acceptable terms or increase our own production capacity to meet our needs, or at all. Completing any transition and ensuring the production capacity of the new third-party partners' factories...\"<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The expense and time required for electric vehicles to meet our quality standards and regulatory requirements may be greater than expected. Any of the above factors could adversely affect our business, results of operations, financial condition, and prospects. XPeng Motor Company stated in its post-hearing submission.</p><p><img src=\"https://static.tigerbbs.com/70c771acf3ec396d6a6bb60ff0922bce\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Image source: Internet. Please contact us to remove any infringements.</p><p><b>Is \"Wei Xiaoli\" accelerating its return to Hong Kong for IPO and fundraising?</b></p><p>Industry insiders believe that if XPeng successfully lists on the Hong Kong stock market, it will help it further broaden its financing channels and prepare funds for its subsequent product launches and technology research and development.</p><p>According to data submitted by XPeng Motors to the Hong Kong Stock Exchange, XPeng Motors' annual R&D expenditure was RMB 1.051 billion, RMB 2.07 billion, and RMB 1.726 billion from 2018 to 2020, respectively. Adding the RMB 535 million in the first quarter of this year, the total is approximately RMB 5.382 billion. The above expenses accounted for 89.2%, 29.5% and 18.1% of our total revenue in 2019, 2020 and the three months ended 31 March 2021, respectively.</p><p>In terms of R&D personnel, as of the end of March this year, 2,442 employees (accounting for approximately 39.8% of the total) worked in XPeng Automotive's R&D department, of which 62.1%, 16.3% and 21.5% were dedicated to automotive design and engineering, autonomous driving and intelligent operating systems, respectively. Looking at the employee breakdown by function, the proportion of R&D personnel at XPeng Motor Company is second only to those responsible for sales and marketing (2,518 people), with the latter accounting for 41.1%.</p><p>It is worth noting that XPeng Motor Company had previously acquired relatively sufficient cash reserves through its initial public offering and subsequent share issuances. It is reported that it completed its initial public offering and listed on the New York Stock Exchange last August, raising net proceeds of approximately US$1.656 billion after deducting underwriting discounts, commissions and expenses. Subsequently, in December of last year, XPeng completed a subsequent public offering at a price of $45 per American Depositary Share or $22.5 per share, raising a total of $2.445 billion in net proceeds after deducting underwriting discounts, commissions and expenses.</p><p>Currently, in addition to XPeng Automobile, two other leading emerging automakers, Nio and Li Auto, are rumored to also have plans to list in Hong Kong in order to further optimize their financing channels. According to the Q1 financial reports of \"Wei Xiaoli\" automakers, all three automakers currently have cash reserves exceeding 30 billion yuan. Among them, Nio has the largest cash reserves of 47.5 billion yuan, XPeng has 36.201 billion yuan, and Li Auto has 30.36 billion yuan.</p><p>Previously, Li Auto founder and CEO Li Xiang stated that Li Auto would not mind any form of financing, including the secondary market, bank loans, and bond issuance.</p><p>An industry insider told Times Finance that while broadening external financing channels, expanding delivery scale to enhance their own revenue-generating capabilities remains the top priority for emerging electric vehicle companies to achieve profitability. according to<a href=\"https://laohu8.com/S/002736\">Guoxin Securities</a>The research report estimates that Nio, XPeng, and Li Auto need to reach sales volumes of 180,000, 120,000, and 60,000 vehicles respectively to achieve profitability. As of the end of May this year, Nio had delivered a total of 109,500 vehicles, XPeng had delivered over 64,000 vehicles, and Li Auto had delivered over 56,000 vehicles.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.time-weekly.com/post/282527\">时代在线</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f112c7634aa63c7d43e3db0ad6536d8","relate_stocks":{"XPEV":"小鹏集团","09868":"小鹏集团-W"},"source_url":"http://www.time-weekly.com/post/282527","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106576178","content_text":"文／李卓玲\n距去年8月成功赴美上市不到一年时间，小鹏汽车便筹备回港IPO欲“双重上市”。\n6月24日晚8时，小鹏汽车发布了招股说明书补充公告称，将发行8500万股A类普通股作为全球发行的一部分，香港公开发售425万股A类普通股，股票代码为“9868”。小鹏汽车表示本次香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。\n股东方面，招股书显示，小鹏汽车联合创始人、董事长兼首席执行官何小鹏及其关联公司为小鹏汽车控股股东，持股21.75%；淘宝中国持股11.9%，IDG资本持股4.8%。\n同日，据时代财经在港交所官网了解到，小鹏汽车已通过港交所上市聆讯，并第一次呈交聆讯后资料集。小鹏汽车称，该资料集并非最终上市文件，公司可能会不时根据上市规则作出更新或修订。\n据悉，此次回归港股，摩根大通和美银为小鹏汽车联席保荐人，前述投行此前曾助小鹏完成赴美上市事宜。与此同时，小鹏汽车此次融资规模最多为20亿美元。不过，对于赴港上市相关消息，小鹏汽车对时代财经称，不予置评。\n图片来源：小鹏汽车\n值得关注的是，除了小鹏汽车外，蔚来和理想汽车此前亦均传出有赴港上市之心。今年3月，据媒体报道，蔚来、小鹏汽车已向港交所递交上市申请，而理想尚未“递表”；该报道并援引知情人士称，三家公司均打算出售5%的股权，筹资金额合计或将达到50亿美元。\n对于后续回归计划及进展，时代财经6月24日也分别采访了蔚来和理想汽车，双方均称暂无更多消息披露，而对于小鹏回港IPO动态，蔚来公关部人士称，“祝福队友”。\n双重上市\n“小鹏这次在香港上市属于双重上市，受美国SEC和香港SFC双方的监管。一般来说，这种情况会比二次上市更为严格。”6月24日，川财证券策略分析师王一棠对时代财经表示。\n公开资料显示，在合格交易所（如纽交所、纳斯达克等）作主要上市的企业，允许在港作第二上市，但需符合几大条件，包括企业必须是创新产业公司、在至少最近两个完整会计年度于合格交易所上市的合规纪录良好，以及申请人于香港第二上市时的总市值不少于400亿港币，或上市时的总市值不少于100亿港币并且最近一个经审计会计年度的收益不少于10亿港币等。\n图片来源：港交所官网截图\n小鹏此次以目前较少见的“双重主要上市”(Dual Primary Listing)方式回归港股，主要因其距此前美股上市（去年8月27日）的间隔时间较短，不符合二次上市中对于上市主体在另一家符合条件的交易所至少有两年良好监管合规记录的要求。\n王一棠对时代财经称，从小鹏汽车当前市值，再加上该公司为创新企业，理论上满足上市港交所的标准。而截至6月23日收盘，小鹏汽车(XPEV.NYSE)美股收盘价为41.61美元/股，总市值达334.27亿美元，约合2595.3亿港币。\n不过，小鹏汽车在向港交所呈交的聆讯后资料中仍提及多项风险和不确定因素，包括作为行业新加入者的挑战、研发工作可能无法产能预期成果、自动驾驶技术风险，以及最近才开始产生收入且仍在产生亏损和负经营现金流，而此等情形将有可能于日后持续等。\n其中，在与海马汽车的产能合作方面，小鹏汽车称，与前者的合作协议将于今年12月31日届满，但可能存在未能与海马以可接纳的条款及条件订立新合约或延长现有合约，以及订立的协议亦可能会在双方同意下终止。如出现任何上述情况，小鹏汽车或须与其他第三方订立合约或大幅增加本身的产能。\n“我们无法保证在该情形下能按可接纳的条款，与其他第三方合伙或增加本身的产能以满足我们的需求，或完全不能满足。完成任何过渡及确保新第三方合作伙伴的工厂所生产的智能电动汽车符合我们的质量标准及监管规定所需的开支及时间可能较预期为多。上述任何因素均可能对我们的业务、经营业绩、财务状况及前景造成不利影响。”小鹏汽车在其呈交的聆讯后资料中指出。\n图片来源：网络，侵权请联系删除\n“蔚小理”加速回港上市筹资？\n在业界看来，若小鹏汽车如愿登陆港股市场，将助其进一步拓宽融资渠道，为其后续产品投放、技术研发等做好资金储备。\n据小鹏汽车呈交给港交所的资料显示，2018年至2020年，小鹏汽车的年研发开支分別为人民币10.51亿元、20.7亿元、17.26亿元，再加上今年一季度的5.35亿元，合计约53.82亿元。在2019年、2020年及截至2021年3月31日止三个月，上述开支分别占总收入89.2%、29.5%及18.1%。\n在研发人员方面，截至今年3月底，有2442名员工(占总人数约39.8%)在小鹏汽车研发部门工作，其中62.1%、16.3%和21.5%分别致力于汽车设计与工程、自动驾驶和智能操作系统。按职能分类的员工明细来看，小鹏汽车的研发人员占比仅次于负责销售及营销的员工（2518人），后者这一占比为41.1%。\n值得关注的是，小鹏汽车此前通过首发上市及后续股票增发等，获得较为充足的现金储备。据悉，其去年8月完成首次公开发售及于纽交所上市，经扣除承销折扣、佣金及开支后，共筹得所得款项净额约16.56亿美元。随后，去年12月，小鹏汽车又按每股美国存托股45美元或每股股份22.5美元的价格完成后续公开发售，经扣除承销折扣、佣金及开支后，共筹得所得款项净额24.45亿美元。\n而目前，除了小鹏汽车外，另外两家头部新势力车企蔚来、理想被传同样有回港上市计划，以进一步优化融资渠道。结合“蔚小理”车企Q1财报来看，目前三家车企现金储备均超300亿元，其中，蔚来现金储备最多达475亿元，小鹏为362.01亿元，理想汽车为303.6亿元。\n此前，理想汽车创始人、CEO李想曾对外表示，理想不介意任何一种方式的融资，包括二级市场、银行贷款和发债等。\n有业界人士对时代财经称，在拓宽外部融资渠道的同时，扩大交付规模以提升自身造血能力仍是新势力车企实现盈利的头等大事。据国信证券研报测算认为，蔚来、小鹏、理想要想实现盈利，销量规模分别需达到18万辆、12万辆和6万辆。截至今年5月底，蔚来累计交付量为10.95万辆，小鹏汽车累计交付量超6.4万辆，理想汽车累计交付量超5.6万辆。","news_type":1,"symbols_score_info":{"XPEV":0.9,"09868":0.9}},"isVote":1,"tweetType":1,"viewCount":4898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126177238,"gmtCreate":1624549482524,"gmtModify":1703840192848,"author":{"id":"3575272463691980","authorId":"3575272463691980","name":"Chiazhe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575272463691980","idStr":"3575272463691980"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126177238","repostId":"1121154040","repostType":4,"repost":{"id":"1121154040","kind":"news","pubTimestamp":1624539354,"share":"https://ttm.financial/m/news/1121154040?lang=en_US&edition=fundamental","pubTime":"2021-06-24 20:55","market":"us","language":"zh","title":"Big reveal: Windows 11 is coming tonight! What updates can we see?","url":"https://stock-news.laohu8.com/highlight/detail?id=1121154040","media":"腾讯科技","summary":"被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。","content":"<p>At 11 PM Beijing time on June 24th,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch event is about to be held, with what Microsoft CEO Satya Nadella calls the \"most important update\" to Windows in a decade.</p><p>Although Microsoft has not confirmed the upcoming new product release in any public setting, the major leak of the Windows 11 development version on June 16 has made the matter less mysterious. Windows 11 will be the main focus of tonight's launch event, and Microsoft has already showcased the most important update of the decade for Windows to us in all aspects before the event.</p><p>However, this press conference is not entirely without its highlights; there are still some details worth paying attention to.</p><p><b>What improvements can Windows 11 make to touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people found that this so-called \"major version\" did not make any significant functional improvements compared to the previous Windows 10, except for some Design adjustments to the interface to make it more in line with Microsoft's Fluent Design language.</p><p>Some users even gave it a Windows 10 skin after experiencing the Windows 11 development version.</p><p>To some extent, Windows 11 is indeed not as significant a design improvement as it was when we switched from Win8 to Win10. However, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which Microsoft has already canceled.</p><p>Features that appeared in the Windows 11 development version, such as \"centering the Start Menu and multitasking on the same screen,\" were originally standard features of Windows 10X.</p><p>Therefore, the leaked Windows 11 is more like an iteration of the previous Windows 10X. However, since 10X is a product designed by Microsoft for dual touch screens, what touch-enabled features Windows 11 will add to the system will be an important point of interest at tonight's launch event.</p><p>Microsoft has confirmed that it plans to \"innovate and develop exciting sensor technologies\" for future versions of Windows. As part of Windows 11 or an upcoming Windows update, popular features such as \"user presence detection,\" gesture detection, and ambient light will be improved to \"deliver a dazzling user experience on Windows.\"</p><p>This means that Microsoft hopes to achieve a fusion of desktop and mobile devices through the new Windows 11. Although Microsoft's current mobile phone projects are basically in a semi-abandoned state, the Surface still requires touch operation to achieve an excellent experience in more usage scenarios. Therefore, the improvements in touch and gestures in Windows 11 are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although MacOS's App Store doesn't have a strong presence, the App Store currently offered by Windows 10 seems even less important in comparison.</p><p>However, this may be greatly improved in Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand new app store that is more inclusive and free. Microsoft plans to introduce more developers to the new app store, such as apps like Chorme or Firefox, which will be available for download in the Microsoft app store in the future.</p><p>Another major improvement will be in the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and make in-app payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this comes true at tonight's press conference, since Microsoft is now uniting with Epic to resist...<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The App Store's high \"Apple tax\". This move could influence the reshuffling of app service pricing methods by large companies like Microsoft, Apple, and Google in the coming years.</p><p>Microsoft recently announced that it will reduce the purchase commission for games listed in its App Store from 30% to 12%. This significant discount has put a lot of pressure on App stores like Steam.</p><p><b>Will Windows 11 focus on improving the user experience for professional users?</b></p><p>As the world's largest desktop operating system, Windows' professional capabilities have been overlooked by many people. In this Windows 11 development version, we actually saw Microsoft's optimizations and improvements for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display for switching between multiple desktops, while also providing better support for multiple monitors. This has, to some extent, solved the problems that high-end users have accumulated over many years regarding multitasking.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>Meanwhile, Windows 11 has also focused more on improving the experience for game users. On this brand-new operating system, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social sections of the Xbox network, and the Xbox Store.</p><p>Meanwhile, Windows 11 has already been tested on XBox, and we hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display or faster game loading speeds, to improve the PC gaming experience.</p><p><b>Free upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we most want to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 7/8 to Windows 10, it used a free upgrade method, allowing all users to upgrade to the corresponding Windows 10 version. We hope that the free service will still appear on Windows 11.</p><p>The market has successfully told Microsoft that there is no point in charging users to upgrade their systems. As an operating system development company, Microsoft relies on OEM licensing and commercial licensing for more of its software revenue. Therefore, it is very likely that Windows 11 will still use the same free upgrade method as Windows 10.</p><p>Although Microsoft has sneaked Windows 11 away, it has actually left us with a lot of suspense. These answers may be revealed when Microsoft officially holds its new product launch event at 11 PM Beijing time on June 24th.</p>","source":"lsy1580517846866","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>Big reveal: Windows 11 is coming tonight! What updates can we see?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig reveal: Windows 11 is coming tonight! What updates can we see?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-24 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At 11 PM Beijing time on June 24th,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch event is about to be held, with what Microsoft CEO Satya Nadella calls the \"most important update\" to Windows in a decade.</p><p>Although Microsoft has not confirmed the upcoming new product release in any public setting, the major leak of the Windows 11 development version on June 16 has made the matter less mysterious. Windows 11 will be the main focus of tonight's launch event, and Microsoft has already showcased the most important update of the decade for Windows to us in all aspects before the event.</p><p>However, this press conference is not entirely without its highlights; there are still some details worth paying attention to.</p><p><b>What improvements can Windows 11 make to touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people found that this so-called \"major version\" did not make any significant functional improvements compared to the previous Windows 10, except for some Design adjustments to the interface to make it more in line with Microsoft's Fluent Design language.</p><p>Some users even gave it a Windows 10 skin after experiencing the Windows 11 development version.</p><p>To some extent, Windows 11 is indeed not as significant a design improvement as it was when we switched from Win8 to Win10. However, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which Microsoft has already canceled.</p><p>Features that appeared in the Windows 11 development version, such as \"centering the Start Menu and multitasking on the same screen,\" were originally standard features of Windows 10X.</p><p>Therefore, the leaked Windows 11 is more like an iteration of the previous Windows 10X. However, since 10X is a product designed by Microsoft for dual touch screens, what touch-enabled features Windows 11 will add to the system will be an important point of interest at tonight's launch event.</p><p>Microsoft has confirmed that it plans to \"innovate and develop exciting sensor technologies\" for future versions of Windows. As part of Windows 11 or an upcoming Windows update, popular features such as \"user presence detection,\" gesture detection, and ambient light will be improved to \"deliver a dazzling user experience on Windows.\"</p><p>This means that Microsoft hopes to achieve a fusion of desktop and mobile devices through the new Windows 11. Although Microsoft's current mobile phone projects are basically in a semi-abandoned state, the Surface still requires touch operation to achieve an excellent experience in more usage scenarios. Therefore, the improvements in touch and gestures in Windows 11 are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although MacOS's App Store doesn't have a strong presence, the App Store currently offered by Windows 10 seems even less important in comparison.</p><p>However, this may be greatly improved in Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand new app store that is more inclusive and free. Microsoft plans to introduce more developers to the new app store, such as apps like Chorme or Firefox, which will be available for download in the Microsoft app store in the future.</p><p>Another major improvement will be in the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and make in-app payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this comes true at tonight's press conference, since Microsoft is now uniting with Epic to resist...<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The App Store's high \"Apple tax\". This move could influence the reshuffling of app service pricing methods by large companies like Microsoft, Apple, and Google in the coming years.</p><p>Microsoft recently announced that it will reduce the purchase commission for games listed in its App Store from 30% to 12%. This significant discount has put a lot of pressure on App stores like Steam.</p><p><b>Will Windows 11 focus on improving the user experience for professional users?</b></p><p>As the world's largest desktop operating system, Windows' professional capabilities have been overlooked by many people. In this Windows 11 development version, we actually saw Microsoft's optimizations and improvements for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display for switching between multiple desktops, while also providing better support for multiple monitors. This has, to some extent, solved the problems that high-end users have accumulated over many years regarding multitasking.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>Meanwhile, Windows 11 has also focused more on improving the experience for game users. On this brand-new operating system, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social sections of the Xbox network, and the Xbox Store.</p><p>Meanwhile, Windows 11 has already been tested on XBox, and we hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display or faster game loading speeds, to improve the PC gaming experience.</p><p><b>Free upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we most want to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 7/8 to Windows 10, it used a free upgrade method, allowing all users to upgrade to the corresponding Windows 10 version. We hope that the free service will still appear on Windows 11.</p><p>The market has successfully told Microsoft that there is no point in charging users to upgrade their systems. As an operating system development company, Microsoft relies on OEM licensing and commercial licensing for more of its software revenue. Therefore, it is very likely that Windows 11 will still use the same free upgrade method as Windows 10.</p><p>Although Microsoft has sneaked Windows 11 away, it has actually left us with a lot of suspense. These answers may be revealed when Microsoft officially holds its new product launch event at 11 PM Beijing time on June 24th.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a04bf2da8ab76e823e11aa8e2f8fa5a2","relate_stocks":{"MSFT":"微软"},"source_url":"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121154040","content_text":"北京时间6月24日晚11点，微软将召开一场新品发布会，被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。\n尽管微软并没有在任何的公开场合确认过即将发布的新品，但因为6月16日Windows 11开发版本的重大泄露，让这件事变得没有那么神秘了。Windows 11将会成为今晚发布会的主角，而微软口中Windows十年最重要的更新，也已经在发布会之前就全方位的展示给我们了。\n但关于这场发布会，也不能说完全没有看点，其中还有一些细节值得我们关注。\nWindows 11在触摸和手势上能有何改善？\n\n很多人在体验过Windows 11的开发版本之后，发现这个所谓的“大版本”和之前的Windows 10相比，除了在界面上进行了一些设计调整，让它更贴合微软Fluent Design设计语言外，并让没有非常明显的功能性改进。\n甚至有的用户在体验完Windows 11开发版之后，给它了一个Windows 10皮肤的定位。\n从一定程度上讲，Windows 11确实不如之前从Win8转Win10时，设计改进巨大。但实际上如果你了解之前微软在Windows上的设计演进外，你会发现当下这个版本Windows 11实际上和已经被微软砍掉的Windows 10X有着极为相似的设计。\n包括“开始菜单居中、同屏多任务布局”等等在Windows 11开发版上出现的功能，原来都是Windows 10X的标配。\n所以目前泄露的Windows 11，更像是之前Windows 10X的迭代版本。但由于10X是微软为触摸双屏幕打造的产品，因此Windows 11将会在系统上增加哪些支持触摸操作的特性，将会成为今晚发布会上重要的看点。\n微软方面已经确认，正计划为未来的Windows版本 “创新和开发令人兴奋的传感器技术”。作为Windows 11或即将到来的Windows更新的一部分，“用户存在检测”、手势检测和环境光等流行功能将得到改进，以 “实现Windows上令人眼花缭乱的用户体验”。\n这意味着微软希望通过新的Windows 11来实现桌面和移动端的融合，尽管微软目前的手机项目基本上处于半放弃状态，但Surface依然需要触摸操作来实现在更多使用场景下的出色体验，因此Windows 11在触摸和手势上的改进，非常重要。\n全新的Windows App Store？\n\n尽管MacOS的App Store存在感也不强，但是相比之下，Windows 10目前提供的应用商店显得更加鸡肋。\n不过这件事可能会在今晚到来的Windows 11上大为改善。\n据媒体报道，微软一直在开发一个全新的应用商店，它更加的海纳百川也更加的自由。微软计划在新的应用商店中引入更多的开发者，比如Chorme或者Firefox这样的应用，未来都可以在微软应用商店进行下载。\n另外一个重大的改进，将会是支付机制上。微软或许将在新的应用商店中允许开发者绕过微软的支付机制，通过第三方的支付机制实现App内付款，以换得减免15%的微软抽成。\n如果这件事在今天晚上的发布会上成真，请别惊讶，毕竟微软现在正和Epic统一战线，以抵制苹果App Store高昂的“苹果税”。此举可能会影响到未来几年内，微软、苹果、Google这样的大公司，在应用服务上的收费方式重新洗牌。\n微软最近也宣布了将自家App Store中上架游戏的购买抽成从之前的30%降到12%，这大幅的优惠，让Steam这样的应用商店倍感压力。\nWindows 11将重点提升专业用户的使用感受？\nWindows作为全球最大的桌面操作系统，其专业能力其实一直被很多人忽视。而在此次Windows 11开发版中，我们其实看到了微软对于一些专业用户的优化改进。\n微软在新的Windows 11中，改善了多桌面之间切换的显示方式，同时对于多显示器的支持，也更加的出色，这从一定程度上解决了高端用户对于多任务处理上，多年积累的问题。\n\n同时Windows 11也更专注的改善了游戏用户的体验。在这套全新的操作系统上，新的Xbox应用程序现已集成到Windows 11中，提供对Xbox Game Pass游戏、Xbox网络的社交部分和Xbox商店的快速访问。\n同时目前Windows 11也已经在XBox上进行了测试，我们也希望看到更多XBox的功能被纳入到桌面端来，比如提供自动HDR显示功能，或者是更快的游戏加载速度等等，一次提升PC在游戏方面的体验。\n免费升级？\n\n是的，这是我们最希望在Windows 11上看到的。\n微软之前在Windows 7/8升级Windows 10时，采用了免费升级的方式，所有用户都可以升级对应的Win10版本。我们希望免费这件事，依然会出现在Windows 11上。\n市场已经成功的告诉微软，从用户手里收钱升级系统这件事是没有意义的，微软作为一家操作系统开发公司，更多软件的收入要来自OEM授权和商业许可。因此很有可能Win11依然会采用之前Win10免费升级的方式。\n尽管微软Windows 11已经偷跑，但实际上微软还是留下了不少悬念给我们。北京时间6月24日23点，微软正式召开新品发布会之时，这些答案可能会被揭开。","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":4407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}