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DominicChan

DominicChan

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2021-04-30

Wonderful

Amazon once rose 2.4%, setting a record high in intraday trading

2021-04-08

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Charlie Munger Just Bought Alibaba Stock: Should You?

2021-04-08

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Tencent Says At AGM, Will Propose Resolution To Issue Up To 20% Of Total Issued Shares

2021-04-08

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2021-03-28

Excellent

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2021-02-24

Hi,tiger

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Analysts prefer it over other Big Tech companies</b></p><p>Trip Chowdhry, an analyst at Global Equities Research, noted the “solid results” and reiterated his view that Andy Jassy, who will replace founder Jeff Bezos as chief executive, will be a good boss.</p><p>Jassy currently runs Amazon Web Services, which Chowdhry says is benefiting from secular growth trends. “So many of you were panicked about CEO Transition,” he wrote. “Andy Jassy is a much better CEO than Jeff Bezos.”</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>Amazon once rose 2.4%, setting a record high in intraday trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon once rose 2.4%, setting a record high in intraday trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-30 22:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Amazon once rose 2.4%, setting a record high in intraday trading.</p><p><img src=\"https://static.tigerbbs.com/9b9f7378d5970cada2dc37de1aa76935\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Here’s what analysts are saying about Amazon tripling profits</p><p>Swiss Bank UBS raises its price target as the COVID-19 pandemic caused boom in demand for home deliveries, helping Amazon triple profits</p><p>The COVID-19 pandemic has caused a boom in demand for home deliveries, which has helped AmazonAMZN,+1.75%triple its first-quarter profits.</p><p>The online retailer’s stock has risen 46% the past year and some analysts think it could still have further to go.</p><p>Michael Lasser, an analyst at Swiss bank UBSUBS,-0.92%,has lifted his price target for Amazon to $4,350 from $4,150, writing: “With broad-based strength across e-commerce &amp; AWS, Amazon’s Q1 ’21 earnings report demonstrates why it remains the industry leader.”</p><p><b>Amazon’s pandemic profits top previous 3 years of earnings</b></p><p>Shyam Patil, an analyst from Susquehanna Financial Group, remains positive on Amazon.</p><p>“Business trends remain strong and should continue to do so throughout 2021,” he wrote. “Ultimately, we see AMZN as a long-term secular grower underpinned by its strong e-commerce, cloud, and advertising businesses.”</p><p><b>Should you buy Amazon stock? Analysts prefer it over other Big Tech companies</b></p><p>Trip Chowdhry, an analyst at Global Equities Research, noted the “solid results” and reiterated his view that Andy Jassy, who will replace founder Jeff Bezos as chief executive, will be a good boss.</p><p>Jassy currently runs Amazon Web Services, which Chowdhry says is benefiting from secular growth trends. “So many of you were panicked about CEO Transition,” he wrote. “Andy Jassy is a much better CEO than Jeff Bezos.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189807124","content_text":"Amazon once rose 2.4%, setting a record high in intraday trading.Here’s what analysts are saying about Amazon tripling profitsSwiss Bank UBS raises its price target as the COVID-19 pandemic caused boom in demand for home deliveries, helping Amazon triple profitsThe COVID-19 pandemic has caused a boom in demand for home deliveries, which has helped AmazonAMZN,+1.75%triple its first-quarter profits.The online retailer’s stock has risen 46% the past year and some analysts think it could still have further to go.Michael Lasser, an analyst at Swiss bank UBSUBS,-0.92%,has lifted his price target for Amazon to $4,350 from $4,150, writing: “With broad-based strength across e-commerce & AWS, Amazon’s Q1 ’21 earnings report demonstrates why it remains the industry leader.”Amazon’s pandemic profits top previous 3 years of earningsShyam Patil, an analyst from Susquehanna Financial Group, remains positive on Amazon.“Business trends remain strong and should continue to do so throughout 2021,” he wrote. “Ultimately, we see AMZN as a long-term secular grower underpinned by its strong e-commerce, cloud, and advertising businesses.”Should you buy Amazon stock? Analysts prefer it over other Big Tech companiesTrip Chowdhry, an analyst at Global Equities Research, noted the “solid results” and reiterated his view that Andy Jassy, who will replace founder Jeff Bezos as chief executive, will be a good boss.Jassy currently runs Amazon Web Services, which Chowdhry says is benefiting from secular growth trends. “So many of you were panicked about CEO Transition,” he wrote. “Andy Jassy is a much better CEO than Jeff Bezos.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348341361,"gmtCreate":1617890761153,"gmtModify":1704704466717,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348341361","repostId":"2125770926","repostType":4,"repost":{"id":"2125770926","pubTimestamp":1617888481,"share":"https://www.laohu8.com/m/news/2125770926?lang=&edition=full","pubTime":"2021-04-08 21:28","market":"hk","language":"en","title":"Charlie Munger Just Bought Alibaba Stock: Should You?","url":"https://stock-news.laohu8.com/highlight/detail?id=2125770926","media":"Motley Fool","summary":"Warren Buffett's longtime partner just took a big stake in the Chinese e-commerce giant.","content":"<p>Warren Buffett's longtime partner just took a big stake in the Chinese e-commerce giant.</p>\n<p>Many investors follow Warren Buffett's every move, but many also pay close attention to his longtime partner and <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B) Vice Chairman Charlie Munger. Munger, 97, is still active in the investing world, not only through his activities at Berkshire, but also as chairman of the <b>Daily Journal Corporation </b>(NASDAQ:DJCO).</p>\n<p>Munger bought the Daily Journal decades ago when he was still running his own investment fund, for just $2.5 million. After his fund dissolved, Munger distributed shares to his partners, but he still owns around 3.6% of the company, now valued at a whopping $455 million.</p>\n<p>One interesting feature of the Daily Journal, which historically published a legal newspaper and more recently began selling courthouse software, is that it takes cash flow from its core businesses and reinvests it into equities, mostly large U.S. banks.</p>\n<p>This week, Munger and company turned some heads when the Daily Journal disclosed a $37 million stake in Chinese e-commerce giant <b>Alibaba Group Holding</b>&nbsp;(NYSE:BABA), good for 19% of the company's equity portfolio, making it the company's third-largest position behind <b>Bank of America</b>&nbsp;and <b>Wells Fargo</b>.</p>\n<p>Is Alibaba really a Munger-style value stock? And should you follow him into the Chinese giant?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/088bcf56b1eb756386dbb32f48ea441c\" tg-width=\"700\" tg-height=\"432\"><span>Image source: Getty Images.</span></p>\n<h2>The case for Alibaba as a value stock</h2>\n<p>Alibaba's stock has languished somewhat recently despite delivering good results, so it's no wonder Munger might have thought the company a good value at today's prices. The recent controversy around founder Jack Ma and the aborted IPO for Ant Financial, of which Alibaba holds a <a href=\"https://laohu8.com/S/AONE\">one</a>-third stake, has likely played a role. Antitrust concerns in China have been an added drag. Furthermore, Alibaba is facing stiff competition in the e-commerce space from <b>JD.com</b>&nbsp;as well as the explosive discount-buying upstart <b>Pinduoduo</b>.</p>\n<p>However, Buffett once quipped, \"You pay a high price for a cheery consensus.\" Amid these concerns, Alibaba trades just around 25 times trailing earnings and under 19 times this year's earnings estimates. That's much cheaper than all of the FAANG stocks in the U.S., which is surprising given Alibaba's still strong growth rates and the growing middle class in China.</p>\n<h2>But Alibaba may be even cheaper than that</h2>\n<p>As is the case with several large technology conglomerates, Munger may be looking at various parts of Alibaba's sprawling empire, and might have realized these parts add up to much more than Alibaba's current market value.</p>\n<p>For <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing, Alibaba has a significant amount of cash on its balance sheet, along with large stakes in private companies like Ant Group as well as publicly traded companies. As of Dec. 31, 2021, its balance sheet included $47.8 billion in cash, $22.1 billion in short-term securities, $36.8 billion in other publicly traded equity securities, and another $28.4 billion in equity method investees, such as Ant Group. Those assets add up to $135.1 billion, against just about $18 billion in short and long-term debt.</p>\n<p>So while Alibaba currently sports a market cap of $615 billion or so, it's really only about $500 billion when stripping out these net assets. That's very cheap compared with Alibaba's current operating income, which totaled $14.9 billion through the first nine months of fiscal 2021, good for nearly a $20 billion run rate.</p>\n<p>Yet even that operating income figure may underrate Alibaba's true earnings power. That's because the company is aggressively investing the large cash flows from its core e-commerce platform into other parts of its operations. In fact, Alibaba is experiencing losses in a large number of its higher-growth business, including its local consumer services business, logistics arm Cainiao, Southeast Asian e-commerce firm Lazada Group, and its cloud computing and digital entertainment businesses. Over the past nine months, these cumulative losses decreased real operating income by about $5 billion, even though these divisions likely have significant positive value.</p>\n<h2>It all adds up to a bargain, in Munger's eyes</h2>\n<p>One could say Alibaba's core e-commerce operating income was almost $20 billion for the nine months ended in December, good for an annual run rate around $26 billion. Against $500 billion in enterprise value, that's less than a 20 times EBIT multiple. And this is for a company that grew revenue 37% last quarter. That seems like a pretty good deal.</p>\n<p>One particular reason to be bullish is Alibaba's cloud computing division. Last quarter, cloud revenue was up 50%, and that division also just recorded its first quarter of positive adjusted EBITA. Most think cloud is in its relatively early stages, especially in China, so that division likely has significant value going forward that hasn't contributed anything to overall company operating profits yet.</p>\n<h2>Alibaba looks like a good deal, if you can handle the China risk</h2>\n<p>All in all, Alibaba stock looks like a great value, provided investors can handle the China risk. Of note, the SEC just adopted a rule that will require U.S.-listed Chinese companies to be audited by U.S. tax authorities, as well as disclose Communist Party affiliations. Therefore, some Chinese securities have sold off on further U.S.-China tension fears.</p>\n<p>However, Munger is a noted bull on China. He may think these headlines are more dire than the business reality. If that turns out to be true, he and the Daily Journal may have indeed gotten a bargain in Alibaba's stock.</p>","source":"fool_stock","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>Charlie Munger Just Bought Alibaba Stock: Should You?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharlie Munger Just Bought Alibaba Stock: Should You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-08 21:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/08/charlie-munger-just-bought-alibaba-stock-should-yo/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett's longtime partner just took a big stake in the Chinese e-commerce giant.\nMany investors follow Warren Buffett's every move, but many also pay close attention to his longtime partner ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/08/charlie-munger-just-bought-alibaba-stock-should-yo/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-SW","BRK.A":"伯克希尔","QNETCN":"纳斯达克中美互联网老虎指数","BRK.B":"伯克希尔B","BABA":"阿里巴巴"},"source_url":"https://www.fool.com/investing/2021/04/08/charlie-munger-just-bought-alibaba-stock-should-yo/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125770926","content_text":"Warren Buffett's longtime partner just took a big stake in the Chinese e-commerce giant.\nMany investors follow Warren Buffett's every move, but many also pay close attention to his longtime partner and Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) Vice Chairman Charlie Munger. Munger, 97, is still active in the investing world, not only through his activities at Berkshire, but also as chairman of the Daily Journal Corporation (NASDAQ:DJCO).\nMunger bought the Daily Journal decades ago when he was still running his own investment fund, for just $2.5 million. After his fund dissolved, Munger distributed shares to his partners, but he still owns around 3.6% of the company, now valued at a whopping $455 million.\nOne interesting feature of the Daily Journal, which historically published a legal newspaper and more recently began selling courthouse software, is that it takes cash flow from its core businesses and reinvests it into equities, mostly large U.S. banks.\nThis week, Munger and company turned some heads when the Daily Journal disclosed a $37 million stake in Chinese e-commerce giant Alibaba Group Holding (NYSE:BABA), good for 19% of the company's equity portfolio, making it the company's third-largest position behind Bank of America and Wells Fargo.\nIs Alibaba really a Munger-style value stock? And should you follow him into the Chinese giant?\nImage source: Getty Images.\nThe case for Alibaba as a value stock\nAlibaba's stock has languished somewhat recently despite delivering good results, so it's no wonder Munger might have thought the company a good value at today's prices. The recent controversy around founder Jack Ma and the aborted IPO for Ant Financial, of which Alibaba holds a one-third stake, has likely played a role. Antitrust concerns in China have been an added drag. Furthermore, Alibaba is facing stiff competition in the e-commerce space from JD.com as well as the explosive discount-buying upstart Pinduoduo.\nHowever, Buffett once quipped, \"You pay a high price for a cheery consensus.\" Amid these concerns, Alibaba trades just around 25 times trailing earnings and under 19 times this year's earnings estimates. That's much cheaper than all of the FAANG stocks in the U.S., which is surprising given Alibaba's still strong growth rates and the growing middle class in China.\nBut Alibaba may be even cheaper than that\nAs is the case with several large technology conglomerates, Munger may be looking at various parts of Alibaba's sprawling empire, and might have realized these parts add up to much more than Alibaba's current market value.\nFor one thing, Alibaba has a significant amount of cash on its balance sheet, along with large stakes in private companies like Ant Group as well as publicly traded companies. As of Dec. 31, 2021, its balance sheet included $47.8 billion in cash, $22.1 billion in short-term securities, $36.8 billion in other publicly traded equity securities, and another $28.4 billion in equity method investees, such as Ant Group. Those assets add up to $135.1 billion, against just about $18 billion in short and long-term debt.\nSo while Alibaba currently sports a market cap of $615 billion or so, it's really only about $500 billion when stripping out these net assets. That's very cheap compared with Alibaba's current operating income, which totaled $14.9 billion through the first nine months of fiscal 2021, good for nearly a $20 billion run rate.\nYet even that operating income figure may underrate Alibaba's true earnings power. That's because the company is aggressively investing the large cash flows from its core e-commerce platform into other parts of its operations. In fact, Alibaba is experiencing losses in a large number of its higher-growth business, including its local consumer services business, logistics arm Cainiao, Southeast Asian e-commerce firm Lazada Group, and its cloud computing and digital entertainment businesses. Over the past nine months, these cumulative losses decreased real operating income by about $5 billion, even though these divisions likely have significant positive value.\nIt all adds up to a bargain, in Munger's eyes\nOne could say Alibaba's core e-commerce operating income was almost $20 billion for the nine months ended in December, good for an annual run rate around $26 billion. Against $500 billion in enterprise value, that's less than a 20 times EBIT multiple. And this is for a company that grew revenue 37% last quarter. That seems like a pretty good deal.\nOne particular reason to be bullish is Alibaba's cloud computing division. Last quarter, cloud revenue was up 50%, and that division also just recorded its first quarter of positive adjusted EBITA. Most think cloud is in its relatively early stages, especially in China, so that division likely has significant value going forward that hasn't contributed anything to overall company operating profits yet.\nAlibaba looks like a good deal, if you can handle the China risk\nAll in all, Alibaba stock looks like a great value, provided investors can handle the China risk. Of note, the SEC just adopted a rule that will require U.S.-listed Chinese companies to be audited by U.S. tax authorities, as well as disclose Communist Party affiliations. Therefore, some Chinese securities have sold off on further U.S.-China tension fears.\nHowever, Munger is a noted bull on China. He may think these headlines are more dire than the business reality. If that turns out to be true, he and the Daily Journal may have indeed gotten a bargain in Alibaba's stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348343582,"gmtCreate":1617890716346,"gmtModify":1704704466070,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348343582","repostId":"2125970856","repostType":4,"repost":{"id":"2125970856","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617889379,"share":"https://www.laohu8.com/m/news/2125970856?lang=&edition=full","pubTime":"2021-04-08 21:42","market":"hk","language":"en","title":"Tencent Says At AGM, Will Propose Resolution To Issue Up To 20% Of Total Issued Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=2125970856","media":"Reuters","summary":"* AT AGM, WILL PROPOSE RESOLUTION TO ALLOT, ISSUE AND DEAL WITH SHARES UP TO 20% OF TOTAL NUMBER OF ISSUED SHARES. * AT AGM, RESOLUTION WILL BE PROPOSED FOR MANDATE TO REPURCHASE UP TO 10% OF TOTAL NUMBER OF ISSUED SHARES","content":"<p>April 8 (Reuters) - Tencent Holdings Ltd :</p>\n<p>* AT AGM, WILL PROPOSE RESOLUTION TO ALLOT, ISSUE AND DEAL WITH SHARES UP TO 20% OF TOTAL NUMBER OF ISSUED SHARES</p>\n<p>* AT AGM, RESOLUTION WILL BE PROPOSED FOR MANDATE TO REPURCHASE UP TO 10% OF TOTAL NUMBER OF ISSUED SHARES</p>\n<p>Source text for Eikon: Further company coverage:</p>\n<p>(Reuters.Briefs@thomsonreuters.com)</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>Tencent Says At AGM, Will Propose Resolution To Issue Up To 20% Of Total Issued Shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent Says At AGM, Will Propose Resolution To Issue Up To 20% Of Total Issued Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-08 21:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 8 (Reuters) - Tencent Holdings Ltd :</p>\n<p>* AT AGM, WILL PROPOSE RESOLUTION TO ALLOT, ISSUE AND DEAL WITH SHARES UP TO 20% OF TOTAL NUMBER OF ISSUED SHARES</p>\n<p>* AT AGM, RESOLUTION WILL BE PROPOSED FOR MANDATE TO REPURCHASE UP TO 10% OF TOTAL NUMBER OF ISSUED SHARES</p>\n<p>Source text for Eikon: Further company coverage:</p>\n<p>(Reuters.Briefs@thomsonreuters.com)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125970856","content_text":"April 8 (Reuters) - Tencent Holdings Ltd :\n* AT AGM, WILL PROPOSE RESOLUTION TO ALLOT, ISSUE AND DEAL WITH SHARES UP TO 20% OF TOTAL NUMBER OF ISSUED SHARES\n* AT AGM, RESOLUTION WILL BE PROPOSED FOR MANDATE TO REPURCHASE UP TO 10% OF TOTAL NUMBER OF ISSUED SHARES\nSource text for Eikon: Further company coverage:\n(Reuters.Briefs@thomsonreuters.com)","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348343671,"gmtCreate":1617890704193,"gmtModify":1704704465748,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348343671","repostId":"2125970856","repostType":4,"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352920561,"gmtCreate":1616863450553,"gmtModify":1704799649910,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Excellent&nbsp;","listText":"Excellent&nbsp;","text":"Excellent","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352920561","repostId":"1178045979","repostType":2,"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363679499,"gmtCreate":1614137676311,"gmtModify":1704888589965,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi,tiger","listText":"Hi,tiger","text":"Hi,tiger","images":[{"img":"https://static.tigerbbs.com/d9950091a032f952ff37ea033618b60c","width":"3024","height":"4032"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/363679499","isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0},"content":"Bull market is coming. What do you think? Hahaha!","text":"Bull market is coming. What do you think? Hahaha!","html":"Bull market is coming. What do you think? Hahaha!"}],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":363679499,"gmtCreate":1614137676311,"gmtModify":1704888589965,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi,tiger","listText":"Hi,tiger","text":"Hi,tiger","images":[{"img":"https://static.tigerbbs.com/d9950091a032f952ff37ea033618b60c","width":"3024","height":"4032"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/363679499","isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0},"content":"Bull market is coming. What do you think? Hahaha!","text":"Bull market is coming. What do you think? Hahaha!","html":"Bull market is coming. What do you think? Hahaha!"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":348343671,"gmtCreate":1617890704193,"gmtModify":1704704465748,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348343671","repostId":"2125970856","repostType":4,"repost":{"id":"2125970856","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617889379,"share":"https://www.laohu8.com/m/news/2125970856?lang=&edition=full","pubTime":"2021-04-08 21:42","market":"us","language":"en","title":"Tencent Says At AGM, Will Propose Resolution To Issue Up To 20% Of Total Issued Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=2125970856","media":"Reuters","summary":"* AT AGM, WILL PROPOSE RESOLUTION TO ALLOT, ISSUE AND DEAL WITH SHARES UP TO 20% OF TOTAL NUMBER OF ISSUED SHARES. * AT AGM, RESOLUTION WILL BE PROPOSED FOR MANDATE TO REPURCHASE UP TO 10% OF TOTAL NUMBER OF ISSUED SHARES","content":"<p>April 8 (Reuters) - Tencent Holdings Ltd :</p>\n<p>* AT AGM, WILL PROPOSE RESOLUTION TO ALLOT, ISSUE AND DEAL WITH SHARES UP TO 20% OF TOTAL NUMBER OF ISSUED SHARES</p>\n<p>* AT AGM, RESOLUTION WILL BE PROPOSED FOR MANDATE TO REPURCHASE UP TO 10% OF TOTAL NUMBER OF ISSUED SHARES</p>\n<p>Source text for Eikon: Further company coverage:</p>\n<p>(Reuters.Briefs@thomsonreuters.com)</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>Tencent Says At AGM, Will Propose Resolution To Issue Up To 20% Of Total Issued Shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent Says At AGM, Will Propose Resolution To Issue Up To 20% Of Total Issued Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-08 21:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 8 (Reuters) - Tencent Holdings Ltd :</p>\n<p>* AT AGM, WILL PROPOSE RESOLUTION TO ALLOT, ISSUE AND DEAL WITH SHARES UP TO 20% OF TOTAL NUMBER OF ISSUED SHARES</p>\n<p>* AT AGM, RESOLUTION WILL BE PROPOSED FOR MANDATE TO REPURCHASE UP TO 10% OF TOTAL NUMBER OF ISSUED SHARES</p>\n<p>Source text for Eikon: Further company coverage:</p>\n<p>(Reuters.Briefs@thomsonreuters.com)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","QNETCN":"纳斯达克中美互联网老虎指数","00700":"腾讯控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125970856","content_text":"April 8 (Reuters) - Tencent Holdings Ltd :\n* AT AGM, WILL PROPOSE RESOLUTION TO ALLOT, ISSUE AND DEAL WITH SHARES UP TO 20% OF TOTAL NUMBER OF ISSUED SHARES\n* AT AGM, RESOLUTION WILL BE PROPOSED FOR MANDATE TO REPURCHASE UP TO 10% OF TOTAL NUMBER OF ISSUED SHARES\nSource text for Eikon: Further company coverage:\n(Reuters.Briefs@thomsonreuters.com)","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103504090,"gmtCreate":1619791758810,"gmtModify":1704272444067,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wonderful&nbsp;","listText":"Wonderful&nbsp;","text":"Wonderful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103504090","repostId":"1189807124","repostType":4,"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348341361,"gmtCreate":1617890761153,"gmtModify":1704704466717,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348341361","repostId":"2125770926","repostType":4,"repost":{"id":"2125770926","pubTimestamp":1617888481,"share":"https://www.laohu8.com/m/news/2125770926?lang=&edition=full","pubTime":"2021-04-08 21:28","market":"hk","language":"en","title":"Charlie Munger Just Bought Alibaba Stock: Should You?","url":"https://stock-news.laohu8.com/highlight/detail?id=2125770926","media":"Motley Fool","summary":"Warren Buffett's longtime partner just took a big stake in the Chinese e-commerce giant.","content":"<p>Warren Buffett's longtime partner just took a big stake in the Chinese e-commerce giant.</p>\n<p>Many investors follow Warren Buffett's every move, but many also pay close attention to his longtime partner and <b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B) Vice Chairman Charlie Munger. Munger, 97, is still active in the investing world, not only through his activities at Berkshire, but also as chairman of the <b>Daily Journal Corporation </b>(NASDAQ:DJCO).</p>\n<p>Munger bought the Daily Journal decades ago when he was still running his own investment fund, for just $2.5 million. After his fund dissolved, Munger distributed shares to his partners, but he still owns around 3.6% of the company, now valued at a whopping $455 million.</p>\n<p>One interesting feature of the Daily Journal, which historically published a legal newspaper and more recently began selling courthouse software, is that it takes cash flow from its core businesses and reinvests it into equities, mostly large U.S. banks.</p>\n<p>This week, Munger and company turned some heads when the Daily Journal disclosed a $37 million stake in Chinese e-commerce giant <b>Alibaba Group Holding</b>&nbsp;(NYSE:BABA), good for 19% of the company's equity portfolio, making it the company's third-largest position behind <b>Bank of America</b>&nbsp;and <b>Wells Fargo</b>.</p>\n<p>Is Alibaba really a Munger-style value stock? And should you follow him into the Chinese giant?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/088bcf56b1eb756386dbb32f48ea441c\" tg-width=\"700\" tg-height=\"432\"><span>Image source: Getty Images.</span></p>\n<h2>The case for Alibaba as a value stock</h2>\n<p>Alibaba's stock has languished somewhat recently despite delivering good results, so it's no wonder Munger might have thought the company a good value at today's prices. The recent controversy around founder Jack Ma and the aborted IPO for Ant Financial, of which Alibaba holds a <a href=\"https://laohu8.com/S/AONE\">one</a>-third stake, has likely played a role. Antitrust concerns in China have been an added drag. Furthermore, Alibaba is facing stiff competition in the e-commerce space from <b>JD.com</b>&nbsp;as well as the explosive discount-buying upstart <b>Pinduoduo</b>.</p>\n<p>However, Buffett once quipped, \"You pay a high price for a cheery consensus.\" Amid these concerns, Alibaba trades just around 25 times trailing earnings and under 19 times this year's earnings estimates. That's much cheaper than all of the FAANG stocks in the U.S., which is surprising given Alibaba's still strong growth rates and the growing middle class in China.</p>\n<h2>But Alibaba may be even cheaper than that</h2>\n<p>As is the case with several large technology conglomerates, Munger may be looking at various parts of Alibaba's sprawling empire, and might have realized these parts add up to much more than Alibaba's current market value.</p>\n<p>For <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing, Alibaba has a significant amount of cash on its balance sheet, along with large stakes in private companies like Ant Group as well as publicly traded companies. As of Dec. 31, 2021, its balance sheet included $47.8 billion in cash, $22.1 billion in short-term securities, $36.8 billion in other publicly traded equity securities, and another $28.4 billion in equity method investees, such as Ant Group. Those assets add up to $135.1 billion, against just about $18 billion in short and long-term debt.</p>\n<p>So while Alibaba currently sports a market cap of $615 billion or so, it's really only about $500 billion when stripping out these net assets. That's very cheap compared with Alibaba's current operating income, which totaled $14.9 billion through the first nine months of fiscal 2021, good for nearly a $20 billion run rate.</p>\n<p>Yet even that operating income figure may underrate Alibaba's true earnings power. That's because the company is aggressively investing the large cash flows from its core e-commerce platform into other parts of its operations. In fact, Alibaba is experiencing losses in a large number of its higher-growth business, including its local consumer services business, logistics arm Cainiao, Southeast Asian e-commerce firm Lazada Group, and its cloud computing and digital entertainment businesses. Over the past nine months, these cumulative losses decreased real operating income by about $5 billion, even though these divisions likely have significant positive value.</p>\n<h2>It all adds up to a bargain, in Munger's eyes</h2>\n<p>One could say Alibaba's core e-commerce operating income was almost $20 billion for the nine months ended in December, good for an annual run rate around $26 billion. Against $500 billion in enterprise value, that's less than a 20 times EBIT multiple. And this is for a company that grew revenue 37% last quarter. That seems like a pretty good deal.</p>\n<p>One particular reason to be bullish is Alibaba's cloud computing division. Last quarter, cloud revenue was up 50%, and that division also just recorded its first quarter of positive adjusted EBITA. Most think cloud is in its relatively early stages, especially in China, so that division likely has significant value going forward that hasn't contributed anything to overall company operating profits yet.</p>\n<h2>Alibaba looks like a good deal, if you can handle the China risk</h2>\n<p>All in all, Alibaba stock looks like a great value, provided investors can handle the China risk. Of note, the SEC just adopted a rule that will require U.S.-listed Chinese companies to be audited by U.S. tax authorities, as well as disclose Communist Party affiliations. Therefore, some Chinese securities have sold off on further U.S.-China tension fears.</p>\n<p>However, Munger is a noted bull on China. He may think these headlines are more dire than the business reality. If that turns out to be true, he and the Daily Journal may have indeed gotten a bargain in Alibaba's stock.</p>","source":"fool_stock","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>Charlie Munger Just Bought Alibaba Stock: Should You?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharlie Munger Just Bought Alibaba Stock: Should You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-08 21:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/08/charlie-munger-just-bought-alibaba-stock-should-yo/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett's longtime partner just took a big stake in the Chinese e-commerce giant.\nMany investors follow Warren Buffett's every move, but many also pay close attention to his longtime partner ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/08/charlie-munger-just-bought-alibaba-stock-should-yo/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-SW","BRK.A":"伯克希尔","BABA":"阿里巴巴","BRK.B":"伯克希尔B","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.fool.com/investing/2021/04/08/charlie-munger-just-bought-alibaba-stock-should-yo/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125770926","content_text":"Warren Buffett's longtime partner just took a big stake in the Chinese e-commerce giant.\nMany investors follow Warren Buffett's every move, but many also pay close attention to his longtime partner and Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) Vice Chairman Charlie Munger. Munger, 97, is still active in the investing world, not only through his activities at Berkshire, but also as chairman of the Daily Journal Corporation (NASDAQ:DJCO).\nMunger bought the Daily Journal decades ago when he was still running his own investment fund, for just $2.5 million. After his fund dissolved, Munger distributed shares to his partners, but he still owns around 3.6% of the company, now valued at a whopping $455 million.\nOne interesting feature of the Daily Journal, which historically published a legal newspaper and more recently began selling courthouse software, is that it takes cash flow from its core businesses and reinvests it into equities, mostly large U.S. banks.\nThis week, Munger and company turned some heads when the Daily Journal disclosed a $37 million stake in Chinese e-commerce giant Alibaba Group Holding (NYSE:BABA), good for 19% of the company's equity portfolio, making it the company's third-largest position behind Bank of America and Wells Fargo.\nIs Alibaba really a Munger-style value stock? And should you follow him into the Chinese giant?\nImage source: Getty Images.\nThe case for Alibaba as a value stock\nAlibaba's stock has languished somewhat recently despite delivering good results, so it's no wonder Munger might have thought the company a good value at today's prices. The recent controversy around founder Jack Ma and the aborted IPO for Ant Financial, of which Alibaba holds a one-third stake, has likely played a role. Antitrust concerns in China have been an added drag. Furthermore, Alibaba is facing stiff competition in the e-commerce space from JD.com as well as the explosive discount-buying upstart Pinduoduo.\nHowever, Buffett once quipped, \"You pay a high price for a cheery consensus.\" Amid these concerns, Alibaba trades just around 25 times trailing earnings and under 19 times this year's earnings estimates. That's much cheaper than all of the FAANG stocks in the U.S., which is surprising given Alibaba's still strong growth rates and the growing middle class in China.\nBut Alibaba may be even cheaper than that\nAs is the case with several large technology conglomerates, Munger may be looking at various parts of Alibaba's sprawling empire, and might have realized these parts add up to much more than Alibaba's current market value.\nFor one thing, Alibaba has a significant amount of cash on its balance sheet, along with large stakes in private companies like Ant Group as well as publicly traded companies. As of Dec. 31, 2021, its balance sheet included $47.8 billion in cash, $22.1 billion in short-term securities, $36.8 billion in other publicly traded equity securities, and another $28.4 billion in equity method investees, such as Ant Group. Those assets add up to $135.1 billion, against just about $18 billion in short and long-term debt.\nSo while Alibaba currently sports a market cap of $615 billion or so, it's really only about $500 billion when stripping out these net assets. That's very cheap compared with Alibaba's current operating income, which totaled $14.9 billion through the first nine months of fiscal 2021, good for nearly a $20 billion run rate.\nYet even that operating income figure may underrate Alibaba's true earnings power. That's because the company is aggressively investing the large cash flows from its core e-commerce platform into other parts of its operations. In fact, Alibaba is experiencing losses in a large number of its higher-growth business, including its local consumer services business, logistics arm Cainiao, Southeast Asian e-commerce firm Lazada Group, and its cloud computing and digital entertainment businesses. Over the past nine months, these cumulative losses decreased real operating income by about $5 billion, even though these divisions likely have significant positive value.\nIt all adds up to a bargain, in Munger's eyes\nOne could say Alibaba's core e-commerce operating income was almost $20 billion for the nine months ended in December, good for an annual run rate around $26 billion. Against $500 billion in enterprise value, that's less than a 20 times EBIT multiple. And this is for a company that grew revenue 37% last quarter. That seems like a pretty good deal.\nOne particular reason to be bullish is Alibaba's cloud computing division. Last quarter, cloud revenue was up 50%, and that division also just recorded its first quarter of positive adjusted EBITA. Most think cloud is in its relatively early stages, especially in China, so that division likely has significant value going forward that hasn't contributed anything to overall company operating profits yet.\nAlibaba looks like a good deal, if you can handle the China risk\nAll in all, Alibaba stock looks like a great value, provided investors can handle the China risk. Of note, the SEC just adopted a rule that will require U.S.-listed Chinese companies to be audited by U.S. tax authorities, as well as disclose Communist Party affiliations. Therefore, some Chinese securities have sold off on further U.S.-China tension fears.\nHowever, Munger is a noted bull on China. He may think these headlines are more dire than the business reality. If that turns out to be true, he and the Daily Journal may have indeed gotten a bargain in Alibaba's stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348343582,"gmtCreate":1617890716346,"gmtModify":1704704466070,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348343582","repostId":"2125970856","repostType":4,"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352920561,"gmtCreate":1616863450553,"gmtModify":1704799649910,"author":{"id":"3577097587624837","authorId":"3577097587624837","name":"DominicChan","avatar":"https://static.tigerbbs.com/a1036e5c01e42ddb0752723b1c86aa5f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Excellent&nbsp;","listText":"Excellent&nbsp;","text":"Excellent","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/352920561","repostId":"1178045979","repostType":2,"repost":{"id":"1178045979","pubTimestamp":1613962535,"share":"https://www.laohu8.com/m/news/1178045979?lang=&edition=full","pubTime":"2021-02-22 10:55","market":"us","language":"en","title":"Bill Gates’ Trust Sold Alibaba, Uber, and Apple Stock. Here’s What It Bought.","url":"https://stock-news.laohu8.com/highlight/detail?id=1178045979","media":"Barrons","summary":"One of the world’s largest foundations recently disclosed major changes in its investment portfolio.","content":"<p>One of the&nbsp;world’s largest foundations&nbsp;recently disclosed major changes in its investment portfolio.</p><p>The Bill &amp; Melinda Gates Foundation Trust, which manages the funds of that foundation, exited positions in&nbsp;Alibaba Group Holding(ticker: BABA) and&nbsp;Uber Technologies(UBER), halved its stake in&nbsp;Apple(AAPL), and increased an investment in&nbsp;Schrodinger(SDGR) in the fourth quarter. The trust disclosed the stock trades, among others, ina form it filedwith the Securities and Exchange Commission.</p><p>The trust didn’t respond to a request for comment made through the foundation. It hadassets of $49.8 billionat the end of 2019, its latest audited financial statements show.</p><p>The Gates Trust sold 552,383 Alibaba American depositary receipts it had owned at theend of the third quarterto end 2020 with no holdings of the Chinese internet giant.</p><p>Alibaba ADRs managed a 9.7% gain in 2020, but so far in 2021 through Friday’s close, it has soared 13.3%. By comparison, theS&amp;P 500 index,a measure of the broader market, rose 16.3% in 2020, but has risen 4.0% year to date.</p><p>Alibaba ADRs jumped in January after founder Jack Maresurfaced in a videoafter being out of the public eye for months. Both Ma and Alibaba hadfallen afoul of Chinese regulatorsafter he criticized the state-owned banking system. The regulatory difficultyeased in February, lifting Alibaba ADRs.</p><p>The trust didn’t own much of ride-hailing giant Uber, just 26,767 shares, but sold them all in the fourth quarter.</p><p>Uber stock had a strong 2020, surging 71.5%. Year to date, it has gained 14.5%.</p><p>Uber’s food-delivery unit, Uber Eats,could be a jewelin the company’s crown. Earlier this month, the company said fourth-quarter delivery revenue, including Uber Eats,was $1.36 billion, up 224% from a year ago. Interestingly, Uber agreed earlier this month tobuy alcohol-delivery startup Drizzlyfor $1.1 billion.</p><p>Apple stock had a boffo 2020, jumping 80.8%, but so far in 2021, it has slipped 2.1%.</p><p>There is widespread speculation that Apple isworking on a car. Reportedly,talks with Hyundaias a partner haven’t yet resulted in an agreement. Applecrushed estimateswhen it reported fiscal-first-quarter numbers at the end of January.</p><p>The Gates Trust sold 1 million Apple shares in the fourth quarter, cutting its holdings in the iPhone maker to 1 million shares.</p><p>The fund bought 2 million more Schrodinger shares to end 2020 with 7 million shares. The company offers a software platform used in the drug-discovery process.</p><p>Schrodinger’s initial public offering waspriced at $17 a sharein February 2020. The stock ended the year 466% higher. So far in 2021, shares have gained 32.6%.</p><p>BMO Capital Markets Research analyst Do Kim raised the target price on Schrodinger stock to $117 from $97. The new target price implies about 11% upside.Kim sees increased drug-discovery revenue under an agreement withBristol-Myers Squibb(BMY). He rates Schrodinger at Out&nbsp;perform.</p>","source":"lsy1601382232898","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>Bill Gates’ Trust Sold Alibaba, Uber, and Apple Stock. Here’s What It Bought.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill Gates’ Trust Sold Alibaba, Uber, and Apple Stock. Here’s What It Bought.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/bill-gates-trust-sold-alibaba-uber-apple-stock-bought-schrodinger-51613692068?mod=hp_DAY_7><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One of the world’s largest foundations recently disclosed major changes in its investment portfolio.The Bill & Melinda Gates Foundation Trust, which manages the funds of that foundation, exited ...</p>\n\n<a href=\"https://www.barrons.com/articles/bill-gates-trust-sold-alibaba-uber-apple-stock-bought-schrodinger-51613692068?mod=hp_DAY_7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SDGR":"Schrodinger Inc.","BABA":"阿里巴巴","UBER":"优步","AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/bill-gates-trust-sold-alibaba-uber-apple-stock-bought-schrodinger-51613692068?mod=hp_DAY_7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178045979","content_text":"One of the world’s largest foundations recently disclosed major changes in its investment portfolio.The Bill & Melinda Gates Foundation Trust, which manages the funds of that foundation, exited positions in Alibaba Group Holding(ticker: BABA) and Uber Technologies(UBER), halved its stake in Apple(AAPL), and increased an investment in Schrodinger(SDGR) in the fourth quarter. The trust disclosed the stock trades, among others, ina form it filedwith the Securities and Exchange Commission.The trust didn’t respond to a request for comment made through the foundation. It hadassets of $49.8 billionat the end of 2019, its latest audited financial statements show.The Gates Trust sold 552,383 Alibaba American depositary receipts it had owned at theend of the third quarterto end 2020 with no holdings of the Chinese internet giant.Alibaba ADRs managed a 9.7% gain in 2020, but so far in 2021 through Friday’s close, it has soared 13.3%. By comparison, theS&P 500 index,a measure of the broader market, rose 16.3% in 2020, but has risen 4.0% year to date.Alibaba ADRs jumped in January after founder Jack Maresurfaced in a videoafter being out of the public eye for months. Both Ma and Alibaba hadfallen afoul of Chinese regulatorsafter he criticized the state-owned banking system. The regulatory difficultyeased in February, lifting Alibaba ADRs.The trust didn’t own much of ride-hailing giant Uber, just 26,767 shares, but sold them all in the fourth quarter.Uber stock had a strong 2020, surging 71.5%. Year to date, it has gained 14.5%.Uber’s food-delivery unit, Uber Eats,could be a jewelin the company’s crown. Earlier this month, the company said fourth-quarter delivery revenue, including Uber Eats,was $1.36 billion, up 224% from a year ago. Interestingly, Uber agreed earlier this month tobuy alcohol-delivery startup Drizzlyfor $1.1 billion.Apple stock had a boffo 2020, jumping 80.8%, but so far in 2021, it has slipped 2.1%.There is widespread speculation that Apple isworking on a car. Reportedly,talks with Hyundaias a partner haven’t yet resulted in an agreement. Applecrushed estimateswhen it reported fiscal-first-quarter numbers at the end of January.The Gates Trust sold 1 million Apple shares in the fourth quarter, cutting its holdings in the iPhone maker to 1 million shares.The fund bought 2 million more Schrodinger shares to end 2020 with 7 million shares. The company offers a software platform used in the drug-discovery process.Schrodinger’s initial public offering waspriced at $17 a sharein February 2020. The stock ended the year 466% higher. So far in 2021, shares have gained 32.6%.BMO Capital Markets Research analyst Do Kim raised the target price on Schrodinger stock to $117 from $97. The new target price implies about 11% upside.Kim sees increased drug-discovery revenue under an agreement withBristol-Myers Squibb(BMY). He rates Schrodinger at Out perform.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}