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Jacobb_k
2021-06-16
Oh
Why a Hawkish Fed Might Not Spook Emerging Markets
Jacobb_k
2021-06-16
Wow
Chinese Uber-for-Trucks Startup Seeks $1.57 Billion in U.S. IPO
Jacobb_k
2021-06-16
[Miser]
Why Nio Is Investing In Chinese Online Used Car Dealer Uxin
Go to Tiger App to see more news
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Investors are warily watching the Federal Reserve’s policy meeting this week and bracing for another painful “taper tantrum” in emerging markets that led to painful losses . But it may not be as bad this time.</p>\n<p>Fund managers cited a taper tantrum as the second-biggest risk after inflation in a recent survey by Bank of America. Emerging markets felt the brunt of the last taper tantrum, with the MSCI Emerging Markets index falling roughly 10% in four months as investors yanked money out as higher yields in the U.S. offered them alternatives in 2013. That added pressure to emerging market countries, exacerbating precarious fiscal positions in countries reliant on foreign funding.</p>\n<p>Many emerging market countries have better fiscal positions and stronger reserves to deal this time to deal with the fallout from another Fed taper. Increased demand for commodities should also help insulate non-Asian markets from disruptive outflows, giving policy makers more room to maneuver, according to Gavkeal Research analysts Udith Sikand and Vincent Tsui.</p>\n<p>The duo expects a less extreme reaction in emerging markets, writing in a note this month that the Fed may also be more attuned to the fragility of the global backdrop and careful to avoid sparking a panic.</p>\n<p>Plus, U.S. real yields are already inching up, which could mean any further rise in yields on the back of a Fed tapering could be smaller. As a result, the analysts think several emerging markets could be less vulnerable this time around and even outperform.</p>\n<p>Of course, if a Fed taper triggers the type of outflows seen last time from emerging markets—roughly $30 billion—there will be few places to hide. The growth outlook for emerging markets, especially outside of India and China, is also less exciting and many countries will likely be grappling with higher levels of debt post-Covid. And the most fiscally fragile could still be vulnerable (think Turkey and South Africa).</p>\n<p>But some money managers see pockets of opportunity in emerging markets. While 2013 is still fresh in the minds of emerging market investors, not all instances of Fed tightening have created such painful periods. Between 2004 to 2006, the MSCI Emerging Markets index returned more than 80% as the Federal Reserve raised the fed-funds rate by 4.25 percentage points, analysts at RockCreek wrote in a note to clients this week. A strong economic recovery led to the tightening in 2004—a period where emerging markets also saw the benefits of a strong commodities market. The RockCreek team highlighted similarities to that period: Commodities are booming again and the U.S. is in the throes of an economic recovery.</p>\n<p>Picking the right spots in emerging markets will be important, as some countries are better-positioned for stronger commodity demand and to withstand volatility from a Fed taper. Others, like China are still grappling with country-specific issues,like antimonopoly measures that loom over not just the e-commerce and internet sectors but also education.</p>\n<p>Oxford Economics strategists favor commodity-oriented beneficiaries in emerging markets in Brazil, for example, where valuations are less stretched than in “new-economy” areas of the market like Chinese technology stocks.</p>\n<p>Some emerging markets managers are also looking to banks in countries like Brazil as a way to benefit from the commodities boom and broader recovery. Gavekal also recommends overweight emerging-market stocks with a preference for non-Asian commodity exporters, as well as countries with weaker currencies like Brazil and Mexico.</p>\n<p>The iShares MSCI Brazilexchange-traded fund (EWZ) is up 26% over the last three months; the iShares MSCI Mexico ETF (EWW) is up nearly 13% while the China-heavy iShares MSCI Emerging Markets index (EEM) is up just 4% over that period.</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>Why a Hawkish Fed Might Not Spook Emerging Markets</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\">\nWhy a Hawkish Fed Might Not Spook Emerging Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 08:00 GMT+8 <a href=https://www.barrons.com/articles/taper-tantrum-why-emerging-markets-may-keep-their-cool-51623796608?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Emerging markets threw a toddler-worthy tantrum in 2013 when the Federal Reserve suggested it may taper its crisis-era asset purchases. Investors are warily watching the Federal Reserve’s policy ...</p>\n\n<a href=\"https://www.barrons.com/articles/taper-tantrum-why-emerging-markets-may-keep-their-cool-51623796608?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/taper-tantrum-why-emerging-markets-may-keep-their-cool-51623796608?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178629454","content_text":"Emerging markets threw a toddler-worthy tantrum in 2013 when the Federal Reserve suggested it may taper its crisis-era asset purchases. Investors are warily watching the Federal Reserve’s policy meeting this week and bracing for another painful “taper tantrum” in emerging markets that led to painful losses . But it may not be as bad this time.\nFund managers cited a taper tantrum as the second-biggest risk after inflation in a recent survey by Bank of America. Emerging markets felt the brunt of the last taper tantrum, with the MSCI Emerging Markets index falling roughly 10% in four months as investors yanked money out as higher yields in the U.S. offered them alternatives in 2013. That added pressure to emerging market countries, exacerbating precarious fiscal positions in countries reliant on foreign funding.\nMany emerging market countries have better fiscal positions and stronger reserves to deal this time to deal with the fallout from another Fed taper. Increased demand for commodities should also help insulate non-Asian markets from disruptive outflows, giving policy makers more room to maneuver, according to Gavkeal Research analysts Udith Sikand and Vincent Tsui.\nThe duo expects a less extreme reaction in emerging markets, writing in a note this month that the Fed may also be more attuned to the fragility of the global backdrop and careful to avoid sparking a panic.\nPlus, U.S. real yields are already inching up, which could mean any further rise in yields on the back of a Fed tapering could be smaller. As a result, the analysts think several emerging markets could be less vulnerable this time around and even outperform.\nOf course, if a Fed taper triggers the type of outflows seen last time from emerging markets—roughly $30 billion—there will be few places to hide. The growth outlook for emerging markets, especially outside of India and China, is also less exciting and many countries will likely be grappling with higher levels of debt post-Covid. And the most fiscally fragile could still be vulnerable (think Turkey and South Africa).\nBut some money managers see pockets of opportunity in emerging markets. While 2013 is still fresh in the minds of emerging market investors, not all instances of Fed tightening have created such painful periods. Between 2004 to 2006, the MSCI Emerging Markets index returned more than 80% as the Federal Reserve raised the fed-funds rate by 4.25 percentage points, analysts at RockCreek wrote in a note to clients this week. A strong economic recovery led to the tightening in 2004—a period where emerging markets also saw the benefits of a strong commodities market. The RockCreek team highlighted similarities to that period: Commodities are booming again and the U.S. is in the throes of an economic recovery.\nPicking the right spots in emerging markets will be important, as some countries are better-positioned for stronger commodity demand and to withstand volatility from a Fed taper. Others, like China are still grappling with country-specific issues,like antimonopoly measures that loom over not just the e-commerce and internet sectors but also education.\nOxford Economics strategists favor commodity-oriented beneficiaries in emerging markets in Brazil, for example, where valuations are less stretched than in “new-economy” areas of the market like Chinese technology stocks.\nSome emerging markets managers are also looking to banks in countries like Brazil as a way to benefit from the commodities boom and broader recovery. Gavekal also recommends overweight emerging-market stocks with a preference for non-Asian commodity exporters, as well as countries with weaker currencies like Brazil and Mexico.\nThe iShares MSCI Brazilexchange-traded fund (EWZ) is up 26% over the last three months; the iShares MSCI Mexico ETF (EWW) is up nearly 13% while the China-heavy iShares MSCI Emerging Markets index (EEM) is up just 4% over that period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160479532,"gmtCreate":1623805440026,"gmtModify":1703819909789,"author":{"id":"3581814058471333","authorId":"3581814058471333","name":"Jacobb_k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814058471333","authorIdStr":"3581814058471333"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160479532","repostId":"1181055193","repostType":4,"repost":{"id":"1181055193","pubTimestamp":1623805043,"share":"https://ttm.financial/m/news/1181055193?lang=&edition=fundamental","pubTime":"2021-06-16 08:57","market":"us","language":"en","title":"Chinese Uber-for-Trucks Startup Seeks $1.57 Billion in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1181055193","media":"Bloomberg","summary":"Full Truck Alliance is backed by SoftBank, Tencent, Sequoia\nKanzhun’s $912 million IPO reopened pipe","content":"<ul>\n <li>Full Truck Alliance is backed by SoftBank, Tencent, Sequoia</li>\n <li>Kanzhun’s $912 million IPO reopened pipeline for Chinese deals</li>\n</ul>\n<p>Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in a initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year.</p>\n<p>The firm, backed by investors including SoftBank Group Corp. and Tencent Holdings Ltd., is offering 82.5 million American depositary shares for $17 to $19 apiece, according to a filing with the U.S. Securities and Exchange Commission.</p>\n<p>At the top of that range, the IPO would rival January’s listing by Beijing-based RLX Technology Inc., which raised more than $1.6 billion including so-called greenshoe shares. Full Truck Alliance’s offering also has a provision for underwriters to issue additional greenshoe shares, which would likely push it past RLX’s total.</p>\n<p>Full Truck Alliance will follow the successful debut by Kanzhun Ltd., the Chinese online recruitment platform whose shares almost doubled in the first day of trade on Nasdaq last week. Kanzhun’s $912 million offering priced at the top of the marketed range, unclogging the pipeline for share sales by China-based companies after several others had put plans for U.S. listingson hold.</p>\n<p>Companies based in China and Hong Kong have raised $8.4 billion in U.S. IPOs this year, more than four times the amount this time last year, according to data compiled by Bloomberg.</p>\n<p>The Guiyang-based startup, known as Manbang in Chinese, intends to use the proceeds for investment in infrastructure development and technology innovation, expansion of service offerings and general corporate purposes including working capital needs and potential acquisitions and investments.</p>\n<p>The company posted net revenue of 2.58 billion yuan ($400 million) in 2020, with its net loss widening to 3.47 billion yuan from 1.52 billion yuan in 2019.</p>\n<p>Manbang has been facing stiffening competition as rivals try to win a slice of an evolving market. Giants from car-hailing leader Didi Chuxing Technology Co.to Alibaba Group Holding Ltd. are introducing technology to streamline shipping, connecting merchants with truckers and delivery firms.</p>\n<p>Formed by a merger between China’s two largest truck-sharing platforms -- Huochebang and Yunmanman -- Manbang’s backers include Alphabet Inc.’s CapitalG, Sequoia Capital China, Fidelity International and Jack Ma’s Yunfeng Capital. It received a cash infusion of $1.7 billion last year.</p>\n<p>Full Truck Alliance will set the final IPO price on June 21, according to a term sheet obtained by Bloomberg News.</p>\n<p>The offering is being led by Morgan Stanley,China International Capital Corp.and Goldman Sachs Group Inc.The shares are expected to trade on the New York Stock Exchange under the symbol YMM.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Uber-for-Trucks Startup Seeks $1.57 Billion in U.S. IPO</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\">\nChinese Uber-for-Trucks Startup Seeks $1.57 Billion in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 08:57 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-06-16/chinese-uber-for-trucks-startup-seeks-1-57-billion-in-u-s-ipo><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Full Truck Alliance is backed by SoftBank, Tencent, Sequoia\nKanzhun’s $912 million IPO reopened pipeline for Chinese deals\n\nFull Truck Alliance Co., an Uber-like trucking startup, is looking to raise ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-16/chinese-uber-for-trucks-startup-seeks-1-57-billion-in-u-s-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-16/chinese-uber-for-trucks-startup-seeks-1-57-billion-in-u-s-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181055193","content_text":"Full Truck Alliance is backed by SoftBank, Tencent, Sequoia\nKanzhun’s $912 million IPO reopened pipeline for Chinese deals\n\nFull Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in a initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year.\nThe firm, backed by investors including SoftBank Group Corp. and Tencent Holdings Ltd., is offering 82.5 million American depositary shares for $17 to $19 apiece, according to a filing with the U.S. Securities and Exchange Commission.\nAt the top of that range, the IPO would rival January’s listing by Beijing-based RLX Technology Inc., which raised more than $1.6 billion including so-called greenshoe shares. Full Truck Alliance’s offering also has a provision for underwriters to issue additional greenshoe shares, which would likely push it past RLX’s total.\nFull Truck Alliance will follow the successful debut by Kanzhun Ltd., the Chinese online recruitment platform whose shares almost doubled in the first day of trade on Nasdaq last week. Kanzhun’s $912 million offering priced at the top of the marketed range, unclogging the pipeline for share sales by China-based companies after several others had put plans for U.S. listingson hold.\nCompanies based in China and Hong Kong have raised $8.4 billion in U.S. IPOs this year, more than four times the amount this time last year, according to data compiled by Bloomberg.\nThe Guiyang-based startup, known as Manbang in Chinese, intends to use the proceeds for investment in infrastructure development and technology innovation, expansion of service offerings and general corporate purposes including working capital needs and potential acquisitions and investments.\nThe company posted net revenue of 2.58 billion yuan ($400 million) in 2020, with its net loss widening to 3.47 billion yuan from 1.52 billion yuan in 2019.\nManbang has been facing stiffening competition as rivals try to win a slice of an evolving market. Giants from car-hailing leader Didi Chuxing Technology Co.to Alibaba Group Holding Ltd. are introducing technology to streamline shipping, connecting merchants with truckers and delivery firms.\nFormed by a merger between China’s two largest truck-sharing platforms -- Huochebang and Yunmanman -- Manbang’s backers include Alphabet Inc.’s CapitalG, Sequoia Capital China, Fidelity International and Jack Ma’s Yunfeng Capital. It received a cash infusion of $1.7 billion last year.\nFull Truck Alliance will set the final IPO price on June 21, according to a term sheet obtained by Bloomberg News.\nThe offering is being led by Morgan Stanley,China International Capital Corp.and Goldman Sachs Group Inc.The shares are expected to trade on the New York Stock Exchange under the symbol YMM.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160470052,"gmtCreate":1623805384976,"gmtModify":1703819907981,"author":{"id":"3581814058471333","authorId":"3581814058471333","name":"Jacobb_k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814058471333","authorIdStr":"3581814058471333"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160470052","repostId":"1181966550","repostType":4,"repost":{"id":"1181966550","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623803685,"share":"https://ttm.financial/m/news/1181966550?lang=&edition=fundamental","pubTime":"2021-06-16 08:34","market":"us","language":"en","title":"Why Nio Is Investing In Chinese Online Used Car Dealer Uxin","url":"https://stock-news.laohu8.com/highlight/detail?id=1181966550","media":"Benzinga","summary":"Chinese EV manufacturer NIO Inc, which has astrong competitive positioning in the Chinese EV market,","content":"<p>Chinese EV manufacturer <b>NIO Inc</b>, which has astrong competitive positioning in the Chinese EV market, is investing in a used car retailer.</p>\n<p><b>What Happened:</b>Beijing-based <b>Uxin Ltd</b>, which operates as a nationwide online used car dealer in China, said <b>Nio Capital,</b>the venture capital arm of Nio, and <b>Joy Capital</b> have agreed to invest up to $315 million in the company.</p>\n<p>Concurrently, Uxin said it has agreed with its convertible note-holders, including <b>58.com, TPG</b> and <b>Warburg Pincus</b>, to convert their convertible notes in an aggregate principal amount of $69 million into Class A ordinary shares of the company.</p>\n<p>More than 10 important investors, including NIO Capital, Joy Capital and the convertible notes holders, have agreed not to sell their shares in the next nine months.</p>\n<p>The transaction is subject to customary closing conditions stipulated in the agreements.</p>\n<p><b>Why It's Important:</b>Nio's founder, chairman and CEO<b>William Li</b>commended Uxin for its one-stop business model that provides car buyers nationwide with \"high quality vehicles and comprehensive after-sales services.\"</p>\n<p>Meanwhile, Joy Capital sees the investment as an attractive opportunity to take advantage of the booming used car market in China.</p>\n<p>For Nio, this should give a sense of déjà vu.</p>\n<p>The company was struggling with an acute cash crunch for much of 2019. Even as rumors regarding a potential bankruptcy swirled around, it received a lifeline in the form of state financial support from the local Hefei government, where its joint-venture manufacturing plant is situated.</p>\n<p>At last check, Nio shares were down 2.79% to $45.19 and Uxin, despite the fund infusion, was down 13.32% at $4.49.</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>Why Nio Is Investing In Chinese Online Used Car Dealer Uxin</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\">\nWhy Nio Is Investing In Chinese Online Used Car Dealer Uxin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-16 08:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Chinese EV manufacturer <b>NIO Inc</b>, which has astrong competitive positioning in the Chinese EV market, is investing in a used car retailer.</p>\n<p><b>What Happened:</b>Beijing-based <b>Uxin Ltd</b>, which operates as a nationwide online used car dealer in China, said <b>Nio Capital,</b>the venture capital arm of Nio, and <b>Joy Capital</b> have agreed to invest up to $315 million in the company.</p>\n<p>Concurrently, Uxin said it has agreed with its convertible note-holders, including <b>58.com, TPG</b> and <b>Warburg Pincus</b>, to convert their convertible notes in an aggregate principal amount of $69 million into Class A ordinary shares of the company.</p>\n<p>More than 10 important investors, including NIO Capital, Joy Capital and the convertible notes holders, have agreed not to sell their shares in the next nine months.</p>\n<p>The transaction is subject to customary closing conditions stipulated in the agreements.</p>\n<p><b>Why It's Important:</b>Nio's founder, chairman and CEO<b>William Li</b>commended Uxin for its one-stop business model that provides car buyers nationwide with \"high quality vehicles and comprehensive after-sales services.\"</p>\n<p>Meanwhile, Joy Capital sees the investment as an attractive opportunity to take advantage of the booming used car market in China.</p>\n<p>For Nio, this should give a sense of déjà vu.</p>\n<p>The company was struggling with an acute cash crunch for much of 2019. Even as rumors regarding a potential bankruptcy swirled around, it received a lifeline in the form of state financial support from the local Hefei government, where its joint-venture manufacturing plant is situated.</p>\n<p>At last check, Nio shares were down 2.79% to $45.19 and Uxin, despite the fund infusion, was down 13.32% at $4.49.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UXIN":"优信","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181966550","content_text":"Chinese EV manufacturer NIO Inc, which has astrong competitive positioning in the Chinese EV market, is investing in a used car retailer.\nWhat Happened:Beijing-based Uxin Ltd, which operates as a nationwide online used car dealer in China, said Nio Capital,the venture capital arm of Nio, and Joy Capital have agreed to invest up to $315 million in the company.\nConcurrently, Uxin said it has agreed with its convertible note-holders, including 58.com, TPG and Warburg Pincus, to convert their convertible notes in an aggregate principal amount of $69 million into Class A ordinary shares of the company.\nMore than 10 important investors, including NIO Capital, Joy Capital and the convertible notes holders, have agreed not to sell their shares in the next nine months.\nThe transaction is subject to customary closing conditions stipulated in the agreements.\nWhy It's Important:Nio's founder, chairman and CEOWilliam Licommended Uxin for its one-stop business model that provides car buyers nationwide with \"high quality vehicles and comprehensive after-sales services.\"\nMeanwhile, Joy Capital sees the investment as an attractive opportunity to take advantage of the booming used car market in China.\nFor Nio, this should give a sense of déjà vu.\nThe company was struggling with an acute cash crunch for much of 2019. Even as rumors regarding a potential bankruptcy swirled around, it received a lifeline in the form of state financial support from the local Hefei government, where its joint-venture manufacturing plant is situated.\nAt last check, Nio shares were down 2.79% to $45.19 and Uxin, despite the fund infusion, was down 13.32% at $4.49.","news_type":1},"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":160472339,"gmtCreate":1623805551721,"gmtModify":1703819915324,"author":{"id":"3581814058471333","authorId":"3581814058471333","name":"Jacobb_k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814058471333","authorIdStr":"3581814058471333"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160472339","repostId":"1178629454","repostType":4,"repost":{"id":"1178629454","pubTimestamp":1623801608,"share":"https://ttm.financial/m/news/1178629454?lang=&edition=fundamental","pubTime":"2021-06-16 08:00","market":"us","language":"en","title":"Why a Hawkish Fed Might Not Spook Emerging Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1178629454","media":"Barrons","summary":"Emerging markets threw a toddler-worthy tantrum in 2013 when the Federal Reserve suggested it may ta","content":"<p>Emerging markets threw a toddler-worthy tantrum in 2013 when the Federal Reserve suggested it may taper its crisis-era asset purchases. Investors are warily watching the Federal Reserve’s policy meeting this week and bracing for another painful “taper tantrum” in emerging markets that led to painful losses . But it may not be as bad this time.</p>\n<p>Fund managers cited a taper tantrum as the second-biggest risk after inflation in a recent survey by Bank of America. Emerging markets felt the brunt of the last taper tantrum, with the MSCI Emerging Markets index falling roughly 10% in four months as investors yanked money out as higher yields in the U.S. offered them alternatives in 2013. That added pressure to emerging market countries, exacerbating precarious fiscal positions in countries reliant on foreign funding.</p>\n<p>Many emerging market countries have better fiscal positions and stronger reserves to deal this time to deal with the fallout from another Fed taper. Increased demand for commodities should also help insulate non-Asian markets from disruptive outflows, giving policy makers more room to maneuver, according to Gavkeal Research analysts Udith Sikand and Vincent Tsui.</p>\n<p>The duo expects a less extreme reaction in emerging markets, writing in a note this month that the Fed may also be more attuned to the fragility of the global backdrop and careful to avoid sparking a panic.</p>\n<p>Plus, U.S. real yields are already inching up, which could mean any further rise in yields on the back of a Fed tapering could be smaller. As a result, the analysts think several emerging markets could be less vulnerable this time around and even outperform.</p>\n<p>Of course, if a Fed taper triggers the type of outflows seen last time from emerging markets—roughly $30 billion—there will be few places to hide. The growth outlook for emerging markets, especially outside of India and China, is also less exciting and many countries will likely be grappling with higher levels of debt post-Covid. And the most fiscally fragile could still be vulnerable (think Turkey and South Africa).</p>\n<p>But some money managers see pockets of opportunity in emerging markets. While 2013 is still fresh in the minds of emerging market investors, not all instances of Fed tightening have created such painful periods. Between 2004 to 2006, the MSCI Emerging Markets index returned more than 80% as the Federal Reserve raised the fed-funds rate by 4.25 percentage points, analysts at RockCreek wrote in a note to clients this week. A strong economic recovery led to the tightening in 2004—a period where emerging markets also saw the benefits of a strong commodities market. The RockCreek team highlighted similarities to that period: Commodities are booming again and the U.S. is in the throes of an economic recovery.</p>\n<p>Picking the right spots in emerging markets will be important, as some countries are better-positioned for stronger commodity demand and to withstand volatility from a Fed taper. Others, like China are still grappling with country-specific issues,like antimonopoly measures that loom over not just the e-commerce and internet sectors but also education.</p>\n<p>Oxford Economics strategists favor commodity-oriented beneficiaries in emerging markets in Brazil, for example, where valuations are less stretched than in “new-economy” areas of the market like Chinese technology stocks.</p>\n<p>Some emerging markets managers are also looking to banks in countries like Brazil as a way to benefit from the commodities boom and broader recovery. Gavekal also recommends overweight emerging-market stocks with a preference for non-Asian commodity exporters, as well as countries with weaker currencies like Brazil and Mexico.</p>\n<p>The iShares MSCI Brazilexchange-traded fund (EWZ) is up 26% over the last three months; the iShares MSCI Mexico ETF (EWW) is up nearly 13% while the China-heavy iShares MSCI Emerging Markets index (EEM) is up just 4% over that period.</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>Why a Hawkish Fed Might Not Spook Emerging Markets</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\">\nWhy a Hawkish Fed Might Not Spook Emerging Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 08:00 GMT+8 <a href=https://www.barrons.com/articles/taper-tantrum-why-emerging-markets-may-keep-their-cool-51623796608?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Emerging markets threw a toddler-worthy tantrum in 2013 when the Federal Reserve suggested it may taper its crisis-era asset purchases. Investors are warily watching the Federal Reserve’s policy ...</p>\n\n<a href=\"https://www.barrons.com/articles/taper-tantrum-why-emerging-markets-may-keep-their-cool-51623796608?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/taper-tantrum-why-emerging-markets-may-keep-their-cool-51623796608?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178629454","content_text":"Emerging markets threw a toddler-worthy tantrum in 2013 when the Federal Reserve suggested it may taper its crisis-era asset purchases. Investors are warily watching the Federal Reserve’s policy meeting this week and bracing for another painful “taper tantrum” in emerging markets that led to painful losses . But it may not be as bad this time.\nFund managers cited a taper tantrum as the second-biggest risk after inflation in a recent survey by Bank of America. Emerging markets felt the brunt of the last taper tantrum, with the MSCI Emerging Markets index falling roughly 10% in four months as investors yanked money out as higher yields in the U.S. offered them alternatives in 2013. That added pressure to emerging market countries, exacerbating precarious fiscal positions in countries reliant on foreign funding.\nMany emerging market countries have better fiscal positions and stronger reserves to deal this time to deal with the fallout from another Fed taper. Increased demand for commodities should also help insulate non-Asian markets from disruptive outflows, giving policy makers more room to maneuver, according to Gavkeal Research analysts Udith Sikand and Vincent Tsui.\nThe duo expects a less extreme reaction in emerging markets, writing in a note this month that the Fed may also be more attuned to the fragility of the global backdrop and careful to avoid sparking a panic.\nPlus, U.S. real yields are already inching up, which could mean any further rise in yields on the back of a Fed tapering could be smaller. As a result, the analysts think several emerging markets could be less vulnerable this time around and even outperform.\nOf course, if a Fed taper triggers the type of outflows seen last time from emerging markets—roughly $30 billion—there will be few places to hide. The growth outlook for emerging markets, especially outside of India and China, is also less exciting and many countries will likely be grappling with higher levels of debt post-Covid. And the most fiscally fragile could still be vulnerable (think Turkey and South Africa).\nBut some money managers see pockets of opportunity in emerging markets. While 2013 is still fresh in the minds of emerging market investors, not all instances of Fed tightening have created such painful periods. Between 2004 to 2006, the MSCI Emerging Markets index returned more than 80% as the Federal Reserve raised the fed-funds rate by 4.25 percentage points, analysts at RockCreek wrote in a note to clients this week. A strong economic recovery led to the tightening in 2004—a period where emerging markets also saw the benefits of a strong commodities market. The RockCreek team highlighted similarities to that period: Commodities are booming again and the U.S. is in the throes of an economic recovery.\nPicking the right spots in emerging markets will be important, as some countries are better-positioned for stronger commodity demand and to withstand volatility from a Fed taper. Others, like China are still grappling with country-specific issues,like antimonopoly measures that loom over not just the e-commerce and internet sectors but also education.\nOxford Economics strategists favor commodity-oriented beneficiaries in emerging markets in Brazil, for example, where valuations are less stretched than in “new-economy” areas of the market like Chinese technology stocks.\nSome emerging markets managers are also looking to banks in countries like Brazil as a way to benefit from the commodities boom and broader recovery. Gavekal also recommends overweight emerging-market stocks with a preference for non-Asian commodity exporters, as well as countries with weaker currencies like Brazil and Mexico.\nThe iShares MSCI Brazilexchange-traded fund (EWZ) is up 26% over the last three months; the iShares MSCI Mexico ETF (EWW) is up nearly 13% while the China-heavy iShares MSCI Emerging Markets index (EEM) is up just 4% over that period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160479532,"gmtCreate":1623805440026,"gmtModify":1703819909789,"author":{"id":"3581814058471333","authorId":"3581814058471333","name":"Jacobb_k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814058471333","authorIdStr":"3581814058471333"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160479532","repostId":"1181055193","repostType":4,"repost":{"id":"1181055193","pubTimestamp":1623805043,"share":"https://ttm.financial/m/news/1181055193?lang=&edition=fundamental","pubTime":"2021-06-16 08:57","market":"us","language":"en","title":"Chinese Uber-for-Trucks Startup Seeks $1.57 Billion in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1181055193","media":"Bloomberg","summary":"Full Truck Alliance is backed by SoftBank, Tencent, Sequoia\nKanzhun’s $912 million IPO reopened pipe","content":"<ul>\n <li>Full Truck Alliance is backed by SoftBank, Tencent, Sequoia</li>\n <li>Kanzhun’s $912 million IPO reopened pipeline for Chinese deals</li>\n</ul>\n<p>Full Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in a initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year.</p>\n<p>The firm, backed by investors including SoftBank Group Corp. and Tencent Holdings Ltd., is offering 82.5 million American depositary shares for $17 to $19 apiece, according to a filing with the U.S. Securities and Exchange Commission.</p>\n<p>At the top of that range, the IPO would rival January’s listing by Beijing-based RLX Technology Inc., which raised more than $1.6 billion including so-called greenshoe shares. Full Truck Alliance’s offering also has a provision for underwriters to issue additional greenshoe shares, which would likely push it past RLX’s total.</p>\n<p>Full Truck Alliance will follow the successful debut by Kanzhun Ltd., the Chinese online recruitment platform whose shares almost doubled in the first day of trade on Nasdaq last week. Kanzhun’s $912 million offering priced at the top of the marketed range, unclogging the pipeline for share sales by China-based companies after several others had put plans for U.S. listingson hold.</p>\n<p>Companies based in China and Hong Kong have raised $8.4 billion in U.S. IPOs this year, more than four times the amount this time last year, according to data compiled by Bloomberg.</p>\n<p>The Guiyang-based startup, known as Manbang in Chinese, intends to use the proceeds for investment in infrastructure development and technology innovation, expansion of service offerings and general corporate purposes including working capital needs and potential acquisitions and investments.</p>\n<p>The company posted net revenue of 2.58 billion yuan ($400 million) in 2020, with its net loss widening to 3.47 billion yuan from 1.52 billion yuan in 2019.</p>\n<p>Manbang has been facing stiffening competition as rivals try to win a slice of an evolving market. Giants from car-hailing leader Didi Chuxing Technology Co.to Alibaba Group Holding Ltd. are introducing technology to streamline shipping, connecting merchants with truckers and delivery firms.</p>\n<p>Formed by a merger between China’s two largest truck-sharing platforms -- Huochebang and Yunmanman -- Manbang’s backers include Alphabet Inc.’s CapitalG, Sequoia Capital China, Fidelity International and Jack Ma’s Yunfeng Capital. It received a cash infusion of $1.7 billion last year.</p>\n<p>Full Truck Alliance will set the final IPO price on June 21, according to a term sheet obtained by Bloomberg News.</p>\n<p>The offering is being led by Morgan Stanley,China International Capital Corp.and Goldman Sachs Group Inc.The shares are expected to trade on the New York Stock Exchange under the symbol YMM.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Uber-for-Trucks Startup Seeks $1.57 Billion in U.S. IPO</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\">\nChinese Uber-for-Trucks Startup Seeks $1.57 Billion in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 08:57 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-06-16/chinese-uber-for-trucks-startup-seeks-1-57-billion-in-u-s-ipo><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Full Truck Alliance is backed by SoftBank, Tencent, Sequoia\nKanzhun’s $912 million IPO reopened pipeline for Chinese deals\n\nFull Truck Alliance Co., an Uber-like trucking startup, is looking to raise ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-16/chinese-uber-for-trucks-startup-seeks-1-57-billion-in-u-s-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-16/chinese-uber-for-trucks-startup-seeks-1-57-billion-in-u-s-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181055193","content_text":"Full Truck Alliance is backed by SoftBank, Tencent, Sequoia\nKanzhun’s $912 million IPO reopened pipeline for Chinese deals\n\nFull Truck Alliance Co., an Uber-like trucking startup, is looking to raise as much as $1.57 billion in a initial public offering, which would make it one of the biggest U.S. listings by a Chinese company this year.\nThe firm, backed by investors including SoftBank Group Corp. and Tencent Holdings Ltd., is offering 82.5 million American depositary shares for $17 to $19 apiece, according to a filing with the U.S. Securities and Exchange Commission.\nAt the top of that range, the IPO would rival January’s listing by Beijing-based RLX Technology Inc., which raised more than $1.6 billion including so-called greenshoe shares. Full Truck Alliance’s offering also has a provision for underwriters to issue additional greenshoe shares, which would likely push it past RLX’s total.\nFull Truck Alliance will follow the successful debut by Kanzhun Ltd., the Chinese online recruitment platform whose shares almost doubled in the first day of trade on Nasdaq last week. Kanzhun’s $912 million offering priced at the top of the marketed range, unclogging the pipeline for share sales by China-based companies after several others had put plans for U.S. listingson hold.\nCompanies based in China and Hong Kong have raised $8.4 billion in U.S. IPOs this year, more than four times the amount this time last year, according to data compiled by Bloomberg.\nThe Guiyang-based startup, known as Manbang in Chinese, intends to use the proceeds for investment in infrastructure development and technology innovation, expansion of service offerings and general corporate purposes including working capital needs and potential acquisitions and investments.\nThe company posted net revenue of 2.58 billion yuan ($400 million) in 2020, with its net loss widening to 3.47 billion yuan from 1.52 billion yuan in 2019.\nManbang has been facing stiffening competition as rivals try to win a slice of an evolving market. Giants from car-hailing leader Didi Chuxing Technology Co.to Alibaba Group Holding Ltd. are introducing technology to streamline shipping, connecting merchants with truckers and delivery firms.\nFormed by a merger between China’s two largest truck-sharing platforms -- Huochebang and Yunmanman -- Manbang’s backers include Alphabet Inc.’s CapitalG, Sequoia Capital China, Fidelity International and Jack Ma’s Yunfeng Capital. It received a cash infusion of $1.7 billion last year.\nFull Truck Alliance will set the final IPO price on June 21, according to a term sheet obtained by Bloomberg News.\nThe offering is being led by Morgan Stanley,China International Capital Corp.and Goldman Sachs Group Inc.The shares are expected to trade on the New York Stock Exchange under the symbol YMM.","news_type":1},"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160470052,"gmtCreate":1623805384976,"gmtModify":1703819907981,"author":{"id":"3581814058471333","authorId":"3581814058471333","name":"Jacobb_k","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581814058471333","authorIdStr":"3581814058471333"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160470052","repostId":"1181966550","repostType":4,"repost":{"id":"1181966550","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623803685,"share":"https://ttm.financial/m/news/1181966550?lang=&edition=fundamental","pubTime":"2021-06-16 08:34","market":"us","language":"en","title":"Why Nio Is Investing In Chinese Online Used Car Dealer Uxin","url":"https://stock-news.laohu8.com/highlight/detail?id=1181966550","media":"Benzinga","summary":"Chinese EV manufacturer NIO Inc, which has astrong competitive positioning in the Chinese EV market,","content":"<p>Chinese EV manufacturer <b>NIO Inc</b>, which has astrong competitive positioning in the Chinese EV market, is investing in a used car retailer.</p>\n<p><b>What Happened:</b>Beijing-based <b>Uxin Ltd</b>, which operates as a nationwide online used car dealer in China, said <b>Nio Capital,</b>the venture capital arm of Nio, and <b>Joy Capital</b> have agreed to invest up to $315 million in the company.</p>\n<p>Concurrently, Uxin said it has agreed with its convertible note-holders, including <b>58.com, TPG</b> and <b>Warburg Pincus</b>, to convert their convertible notes in an aggregate principal amount of $69 million into Class A ordinary shares of the company.</p>\n<p>More than 10 important investors, including NIO Capital, Joy Capital and the convertible notes holders, have agreed not to sell their shares in the next nine months.</p>\n<p>The transaction is subject to customary closing conditions stipulated in the agreements.</p>\n<p><b>Why It's Important:</b>Nio's founder, chairman and CEO<b>William Li</b>commended Uxin for its one-stop business model that provides car buyers nationwide with \"high quality vehicles and comprehensive after-sales services.\"</p>\n<p>Meanwhile, Joy Capital sees the investment as an attractive opportunity to take advantage of the booming used car market in China.</p>\n<p>For Nio, this should give a sense of déjà vu.</p>\n<p>The company was struggling with an acute cash crunch for much of 2019. Even as rumors regarding a potential bankruptcy swirled around, it received a lifeline in the form of state financial support from the local Hefei government, where its joint-venture manufacturing plant is situated.</p>\n<p>At last check, Nio shares were down 2.79% to $45.19 and Uxin, despite the fund infusion, was down 13.32% at $4.49.</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>Why Nio Is Investing In Chinese Online Used Car Dealer Uxin</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\">\nWhy Nio Is Investing In Chinese Online Used Car Dealer Uxin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-16 08:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Chinese EV manufacturer <b>NIO Inc</b>, which has astrong competitive positioning in the Chinese EV market, is investing in a used car retailer.</p>\n<p><b>What Happened:</b>Beijing-based <b>Uxin Ltd</b>, which operates as a nationwide online used car dealer in China, said <b>Nio Capital,</b>the venture capital arm of Nio, and <b>Joy Capital</b> have agreed to invest up to $315 million in the company.</p>\n<p>Concurrently, Uxin said it has agreed with its convertible note-holders, including <b>58.com, TPG</b> and <b>Warburg Pincus</b>, to convert their convertible notes in an aggregate principal amount of $69 million into Class A ordinary shares of the company.</p>\n<p>More than 10 important investors, including NIO Capital, Joy Capital and the convertible notes holders, have agreed not to sell their shares in the next nine months.</p>\n<p>The transaction is subject to customary closing conditions stipulated in the agreements.</p>\n<p><b>Why It's Important:</b>Nio's founder, chairman and CEO<b>William Li</b>commended Uxin for its one-stop business model that provides car buyers nationwide with \"high quality vehicles and comprehensive after-sales services.\"</p>\n<p>Meanwhile, Joy Capital sees the investment as an attractive opportunity to take advantage of the booming used car market in China.</p>\n<p>For Nio, this should give a sense of déjà vu.</p>\n<p>The company was struggling with an acute cash crunch for much of 2019. Even as rumors regarding a potential bankruptcy swirled around, it received a lifeline in the form of state financial support from the local Hefei government, where its joint-venture manufacturing plant is situated.</p>\n<p>At last check, Nio shares were down 2.79% to $45.19 and Uxin, despite the fund infusion, was down 13.32% at $4.49.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UXIN":"优信","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181966550","content_text":"Chinese EV manufacturer NIO Inc, which has astrong competitive positioning in the Chinese EV market, is investing in a used car retailer.\nWhat Happened:Beijing-based Uxin Ltd, which operates as a nationwide online used car dealer in China, said Nio Capital,the venture capital arm of Nio, and Joy Capital have agreed to invest up to $315 million in the company.\nConcurrently, Uxin said it has agreed with its convertible note-holders, including 58.com, TPG and Warburg Pincus, to convert their convertible notes in an aggregate principal amount of $69 million into Class A ordinary shares of the company.\nMore than 10 important investors, including NIO Capital, Joy Capital and the convertible notes holders, have agreed not to sell their shares in the next nine months.\nThe transaction is subject to customary closing conditions stipulated in the agreements.\nWhy It's Important:Nio's founder, chairman and CEOWilliam Licommended Uxin for its one-stop business model that provides car buyers nationwide with \"high quality vehicles and comprehensive after-sales services.\"\nMeanwhile, Joy Capital sees the investment as an attractive opportunity to take advantage of the booming used car market in China.\nFor Nio, this should give a sense of déjà vu.\nThe company was struggling with an acute cash crunch for much of 2019. Even as rumors regarding a potential bankruptcy swirled around, it received a lifeline in the form of state financial support from the local Hefei government, where its joint-venture manufacturing plant is situated.\nAt last check, Nio shares were down 2.79% to $45.19 and Uxin, despite the fund infusion, was down 13.32% at $4.49.","news_type":1},"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
