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2021-07-28

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$SOS Limited(SOS)$?

2023-04-06

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2021-08-09

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Why was Alibaba so oblivious to the assault on a female employee?

2021-07-30

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2021-07-09

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US Treasury yields have plummeted again; is the sky-high true for US tech stocks?

2021-07-04

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The advanced packaging solutions industry has huge potential. Who will be the next ASML?

2021-07-03

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2021-07-02

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With its market capitalization surpassing one trillion yuan, CATL, which was "escaped," is staging a dramatic reversal.

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[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948275888","isVote":1,"tweetType":1,"viewCount":5158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898081054,"gmtCreate":1628459546078,"gmtModify":1703506293393,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898081054","repostId":"1178435073","repostType":4,"repost":{"id":"1178435073","kind":"news","weMediaInfo":{"introduction":"有视角的商业资讯交流平台","home_visible":1,"media_name":"虎嗅APP","id":"101","head_image":"https://static.tigerbbs.com/98669fe7974e42f3976b3db47528792d"},"pubTimestamp":1628404892,"share":"https://ttm.financial/m/news/1178435073?lang=en_US&edition=fundamental","pubTime":"2021-08-08 14:41","market":"us","language":"zh","title":"Why was Alibaba so oblivious to the assault on a female employee?","url":"https://stock-news.laohu8.com/highlight/detail?id=1178435073","media":"虎嗅APP","summary":"阿里巴巴的价值观，再一次遭到了全民群嘲。\n今日凌晨（8月8日）阿里强势霸屏热搜，一篇爆料长文让阿里在热搜前三条独占两席，舆论更是一片哗然。\n\n8月7日，有认证为阿里巴巴员工的网友在社交平台发帖称，在出","content":"<p><a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The values have once again been challenged.<a href=\"https://laohu8.com/S/QC7.SI\">the whole people</a>Mass ridicule.</p><p>Early this morning (August 8), Alibaba dominated the trending searches, with a long article revealing that Alibaba occupied two of the top three spots on the trending searches, causing a public uproar.</p><p><img src=\"https://static.tigerbbs.com/2937c21a2436352e0d15d5dbae166ea6\" tg-width=\"1000\" tg-height=\"462\" referrerpolicy=\"no-referrer\"></p><p>On August 7, a netizen verified as an Alibaba employee posted on social media that during a business trip, he was asked by his superiors to drink with a client at a KTV, and after being forced to drink, he was molested by the client. Meanwhile, the female employee reported that after reviewing the hotel video footage, the leader entered the female employee's hotel room multiple times that night, suspected of sexual assault.</p><p><img src=\"https://static.tigerbbs.com/cd191f7c7f608d8fb9d4324a137e8923\" tg-width=\"533\" tg-height=\"842\" referrerpolicy=\"no-referrer\"></p><p>The most bizarre aspect of the incident is that the female employee reported the situation to Alibaba's HR and P10 simultaneously after the incident, but to no avail, ultimately forcing the victim to distribute flyers in Alibaba's canteen to protect her rights.</p><p><img src=\"https://static.tigerbbs.com/1596732e1550023b9559751fdfdccc99\" tg-width=\"1000\" tg-height=\"777\" referrerpolicy=\"no-referrer\"></p><p>Alibaba female employees were assaulted and internally settled for two weeks</p><p>In an 8,000-word post exposing the incident, the female Alibaba employee detailed the events, summarizing them as follows:</p><p>According to the report, the leader who assaulted the female employee was Wang Chengwen of Alibaba. The victim claimed that Wang Chengwen entered her room four times after she was drunk and assaulted her. After the incident, she originally wanted to handle it in a rational and legitimate way to minimize the impact on the company, but in the end, she was met with repeated deception and perfunctory attempts. Currently, she has filed a police report and reiterated two demands; 1. In accordance with company rules and regulations, the relevant leaders will be dismissed, and Alibaba-affiliated companies will never hire them; 2. You need a long vacation to improve your physical and mental health. Finally, she stated frankly: \"The most powerful weapon in the world is the determination to go all out.\"<img src=\"https://static.tigerbbs.com/84478fb960db488be67b86e399557afc\" tg-width=\"370\" tg-height=\"532\" referrerpolicy=\"no-referrer\"></p><p>If all of this description is true, it inevitably raises doubts about Alibaba's values.</p><p>As a company employee, after being assaulted, I first reported the situation to the police and then quickly reported it to the company. However, the attitude of relevant Alibaba officials in handling the victim's complaint was astonishing. According to the latest investigation results released by an independent investigation team led by Jiang Fang (one of Alibaba's eighteen founding employees, nicknamed \"Nun Miejue,\" who served as the head of the anti-corruption department for a long time, special assistant for international business to current Alibaba CEO Daniel Zhang, and deputy chief human resources officer of Alibaba Group), relevant leaders and HRGs were almost in a waiting state for two full weeks after receiving the complaint.</p><p><img src=\"https://static.tigerbbs.com/83997d0086b46400eee50b76f74948b3\" tg-width=\"828\" tg-height=\"1035\" referrerpolicy=\"no-referrer\"></p><p>This forced the victim to run to the canteen on the first floor of Building 8 of the company to hand out flyers and ask for her colleagues' attention. Even so, the flyers were quickly snatched away by the security guard. According to the female Alibaba employee, the security guard even threatened to call the police and arrest her during the shoving.</p><p><img src=\"https://static.tigerbbs.com/2b315527addc78055c8dcbde380544ae\" tg-width=\"368\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>Moreover, according to information later posted by the Alibaba female employee, she was indeed under pressure from the company.</p><p><img src=\"https://static.tigerbbs.com/dbf1db99a253f2f93a6fbd4629d6d8d2\" tg-width=\"365\" tg-height=\"328\" referrerpolicy=\"no-referrer\"></p><p>It's estimated that the relevant leaders and HRG would never have imagined that their actions would not only earn them two related trending topics on Weibo late at night on August 7, but would also make their company go viral again and gain fame in this way.</p><p>In response, Alibaba Chairman and CEO Daniel Zhang posted on Alibaba's internal network in the early hours of August 8, expressing his feelings about the alleged assault of a female colleague by an Alibaba employee, expressing shock, anger, and shame. He also stated:</p><p>We apologize for the indifference and failure to handle this matter promptly by all levels of supervisors. Although the police are still investigating, Alibaba believes that the incident was not promptly addressed after employee feedback, indicating a significant problem. \"Starting with me, starting with the managers, each of us must be deeply moved, reflect, and take action.\"<img src=\"https://static.tigerbbs.com/4c525130cd0b91da7c8e2a561333b9d2\" tg-width=\"676\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p><p>To be honest, you should indeed feel ashamed. As the chairman and CEO of a company, the incident happened on July 27. You and netizens learned about it and were angry at the same time. You didn't hear about it until two weeks later (August 7) due to public opinion. Alibaba only launched an investigation more than ten days after the incident due to public pressure.</p><p>Although, in the early hours of August 8, Alibaba stated that both indecent assault and sexual assault are very serious crimes that Alibaba will never tolerate. Currently, Jinan police are investigating the case. Alibaba has suspended the employee suspected of committing the crime and will fully cooperate with the police investigation, closely monitoring the progress and results of the police investigation.</p><p>The problem is that the \"self-punishment three cups\" punishment imposed by Jiang Fan, president of Taobao, Tmall, and Alimama Business Group, followed by the inertia of female employees being harmed by relevant leaders and HRGs to smooth things over, shows that Alibaba takes such egregious incidents lightly and also exposes the management chaos in Alibaba's management system.</p><p>In response, a friend posted late at night:</p><p>\"I felt terrible late at night. A couple of days ago, I saw someone chatting in a group chat and thought it was a joke, but now it seems it's much more than that. We can't just look at this with the mindset of a bystander. Just a few days ago, the president of Blizzard resigned because of discrimination against women, and a few years ago, Google and Amazon both sparked widespread discussion worldwide due to sexual harassment incidents.\" As both internet technology companies, we hope that this time, in addition to justice and the truth, we can also strive for greater equality for female workers in China. The bad habit of \"hunting\" female subordinates</p><p>Many people believe that the incentive for the harassment of female Alibaba employees lies in the \"drinking culture\".</p><p>Especially for sales-related positions, there is a saying that \"three hours of phone calls are not as good as three glasses of wine\". The rules of toasting and urging people to drink at the dinner table are deeply ingrained even in large internet companies—there are gentle breezes and rain when pouring wine, hidden meanings when toasting, hypocrisy when urging people to drink, and the clinking of glasses is full of human relationships and conflicts. The essence of the drinking party has also become a highly utilitarian social event.</p><p>For example, in a recent article, \"Geometry Girl\" wrote on review: \"The full text of Alibaba's internal network shows that the female employee of Alibaba returned to Hangzhou on August 2 and immediately reported the incident of assault to Jiu Rong (head of Taoxianda), Yueer (HRG), and Gan Qiliang (pseudonym Agan, head of Taoxianda LKA), the leaders of her business unit, Alibaba's Taoxianda, and demanded that Alibaba dismiss the perpetrator, Wang Chengwen (Qu Yi), and never hire him.\"</p><p><img src=\"https://static.tigerbbs.com/6adbfd8f9aee06d186752b55af5fef3f\" tg-width=\"600\" tg-height=\"625\" referrerpolicy=\"no-referrer\"></p><p>Contents of the flyer for female employees of Alibaba seeking help</p><p>On the day the complaint was filed, Wang Chengwen's direct supervisor, Gan Qiliang, contacted him privately: \"These are all business-related issues. I often have to travel for work, so I knew there would be problems.\" He then asked the victimized female employee: \"Do you think Jinan Hualian can negotiate business with some northern merchants in the future without drinking alcohol?\"</p><p>A financial professional told Huxiu, \"Large companies stand at the top of the compensation system, and the compensation often determines the upper limit of tolerance. Therefore, some managers take it for granted that female subordinates are willing to sacrifice some things beyond their abilities—such as being taken advantage of.\"</p><p>Therefore, on the surface, Alibaba's P7 is considered a social elite, but at heart, when it comes to gatherings, it's still the same old style as a village boss hosting a banquet, and they look just as disheveled at the dinner table.</p><p>In addition, the destructive power of the bad habit of encouraging drinking lies in the gradual blurring of the boundaries between public and private. For example, in this incident, Alibaba's leadership went from condoning a customer's physical assault on a female subordinate to entering the female subordinate's room four times and even assaulting her, which is a typical example of power expansion.</p><p>In essence, he is a symbol of power coercing the next \"ugly\" person. The \"dominant\" workplace culture he believes in often manifests itself in a crude manner. He naturally classifies his subordinates as vassals of power, and even uses the guise of \"training\" and \"valuing\" them, completely disregarding the basic common sense of human rights equality at gatherings and whether his own behavior is illegal.</p><p>Some netizens have suggested that with such frequent incidents, could the relevant regulations be written into the company's articles of association to detail internal control measures?</p><p>Frankly speaking, even if some companies are willing to do this, it is very difficult to implement and define such private regulations. Therefore, when faced with leaders, especially female subordinates, who brazenly abuse their power and ask to accompany them to drinks, one should muster the courage to refuse.</p><p>As an employee of a large company lamented on her WeChat Moments, \"Even if you have worked hard to get into a top-tier company in the industry, thinking that you can be protected by the rules and ethics of the modern workplace, you may still encounter unimaginable harm. Especially when you hear the saying that they 'consciously only hire men and not women', what you don't care about today will be the tomorrow of all working women.\"</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 was Alibaba so oblivious to the assault on a female employee?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy was Alibaba so oblivious to the assault on a female employee?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/101\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/98669fe7974e42f3976b3db47528792d);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">虎嗅APP </p>\n<p class=\"h-time smaller\">2021-08-08 14:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The values have once again been challenged.<a href=\"https://laohu8.com/S/QC7.SI\">the whole people</a>Mass ridicule.</p><p>Early this morning (August 8), Alibaba dominated the trending searches, with a long article revealing that Alibaba occupied two of the top three spots on the trending searches, causing a public uproar.</p><p><img src=\"https://static.tigerbbs.com/2937c21a2436352e0d15d5dbae166ea6\" tg-width=\"1000\" tg-height=\"462\" referrerpolicy=\"no-referrer\"></p><p>On August 7, a netizen verified as an Alibaba employee posted on social media that during a business trip, he was asked by his superiors to drink with a client at a KTV, and after being forced to drink, he was molested by the client. Meanwhile, the female employee reported that after reviewing the hotel video footage, the leader entered the female employee's hotel room multiple times that night, suspected of sexual assault.</p><p><img src=\"https://static.tigerbbs.com/cd191f7c7f608d8fb9d4324a137e8923\" tg-width=\"533\" tg-height=\"842\" referrerpolicy=\"no-referrer\"></p><p>The most bizarre aspect of the incident is that the female employee reported the situation to Alibaba's HR and P10 simultaneously after the incident, but to no avail, ultimately forcing the victim to distribute flyers in Alibaba's canteen to protect her rights.</p><p><img src=\"https://static.tigerbbs.com/1596732e1550023b9559751fdfdccc99\" tg-width=\"1000\" tg-height=\"777\" referrerpolicy=\"no-referrer\"></p><p>Alibaba female employees were assaulted and internally settled for two weeks</p><p>In an 8,000-word post exposing the incident, the female Alibaba employee detailed the events, summarizing them as follows:</p><p>According to the report, the leader who assaulted the female employee was Wang Chengwen of Alibaba. The victim claimed that Wang Chengwen entered her room four times after she was drunk and assaulted her. After the incident, she originally wanted to handle it in a rational and legitimate way to minimize the impact on the company, but in the end, she was met with repeated deception and perfunctory attempts. Currently, she has filed a police report and reiterated two demands; 1. In accordance with company rules and regulations, the relevant leaders will be dismissed, and Alibaba-affiliated companies will never hire them; 2. You need a long vacation to improve your physical and mental health. Finally, she stated frankly: \"The most powerful weapon in the world is the determination to go all out.\"<img src=\"https://static.tigerbbs.com/84478fb960db488be67b86e399557afc\" tg-width=\"370\" tg-height=\"532\" referrerpolicy=\"no-referrer\"></p><p>If all of this description is true, it inevitably raises doubts about Alibaba's values.</p><p>As a company employee, after being assaulted, I first reported the situation to the police and then quickly reported it to the company. However, the attitude of relevant Alibaba officials in handling the victim's complaint was astonishing. According to the latest investigation results released by an independent investigation team led by Jiang Fang (one of Alibaba's eighteen founding employees, nicknamed \"Nun Miejue,\" who served as the head of the anti-corruption department for a long time, special assistant for international business to current Alibaba CEO Daniel Zhang, and deputy chief human resources officer of Alibaba Group), relevant leaders and HRGs were almost in a waiting state for two full weeks after receiving the complaint.</p><p><img src=\"https://static.tigerbbs.com/83997d0086b46400eee50b76f74948b3\" tg-width=\"828\" tg-height=\"1035\" referrerpolicy=\"no-referrer\"></p><p>This forced the victim to run to the canteen on the first floor of Building 8 of the company to hand out flyers and ask for her colleagues' attention. Even so, the flyers were quickly snatched away by the security guard. According to the female Alibaba employee, the security guard even threatened to call the police and arrest her during the shoving.</p><p><img src=\"https://static.tigerbbs.com/2b315527addc78055c8dcbde380544ae\" tg-width=\"368\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>Moreover, according to information later posted by the Alibaba female employee, she was indeed under pressure from the company.</p><p><img src=\"https://static.tigerbbs.com/dbf1db99a253f2f93a6fbd4629d6d8d2\" tg-width=\"365\" tg-height=\"328\" referrerpolicy=\"no-referrer\"></p><p>It's estimated that the relevant leaders and HRG would never have imagined that their actions would not only earn them two related trending topics on Weibo late at night on August 7, but would also make their company go viral again and gain fame in this way.</p><p>In response, Alibaba Chairman and CEO Daniel Zhang posted on Alibaba's internal network in the early hours of August 8, expressing his feelings about the alleged assault of a female colleague by an Alibaba employee, expressing shock, anger, and shame. He also stated:</p><p>We apologize for the indifference and failure to handle this matter promptly by all levels of supervisors. Although the police are still investigating, Alibaba believes that the incident was not promptly addressed after employee feedback, indicating a significant problem. \"Starting with me, starting with the managers, each of us must be deeply moved, reflect, and take action.\"<img src=\"https://static.tigerbbs.com/4c525130cd0b91da7c8e2a561333b9d2\" tg-width=\"676\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p><p>To be honest, you should indeed feel ashamed. As the chairman and CEO of a company, the incident happened on July 27. You and netizens learned about it and were angry at the same time. You didn't hear about it until two weeks later (August 7) due to public opinion. Alibaba only launched an investigation more than ten days after the incident due to public pressure.</p><p>Although, in the early hours of August 8, Alibaba stated that both indecent assault and sexual assault are very serious crimes that Alibaba will never tolerate. Currently, Jinan police are investigating the case. Alibaba has suspended the employee suspected of committing the crime and will fully cooperate with the police investigation, closely monitoring the progress and results of the police investigation.</p><p>The problem is that the \"self-punishment three cups\" punishment imposed by Jiang Fan, president of Taobao, Tmall, and Alimama Business Group, followed by the inertia of female employees being harmed by relevant leaders and HRGs to smooth things over, shows that Alibaba takes such egregious incidents lightly and also exposes the management chaos in Alibaba's management system.</p><p>In response, a friend posted late at night:</p><p>\"I felt terrible late at night. A couple of days ago, I saw someone chatting in a group chat and thought it was a joke, but now it seems it's much more than that. We can't just look at this with the mindset of a bystander. Just a few days ago, the president of Blizzard resigned because of discrimination against women, and a few years ago, Google and Amazon both sparked widespread discussion worldwide due to sexual harassment incidents.\" As both internet technology companies, we hope that this time, in addition to justice and the truth, we can also strive for greater equality for female workers in China. The bad habit of \"hunting\" female subordinates</p><p>Many people believe that the incentive for the harassment of female Alibaba employees lies in the \"drinking culture\".</p><p>Especially for sales-related positions, there is a saying that \"three hours of phone calls are not as good as three glasses of wine\". The rules of toasting and urging people to drink at the dinner table are deeply ingrained even in large internet companies—there are gentle breezes and rain when pouring wine, hidden meanings when toasting, hypocrisy when urging people to drink, and the clinking of glasses is full of human relationships and conflicts. The essence of the drinking party has also become a highly utilitarian social event.</p><p>For example, in a recent article, \"Geometry Girl\" wrote on review: \"The full text of Alibaba's internal network shows that the female employee of Alibaba returned to Hangzhou on August 2 and immediately reported the incident of assault to Jiu Rong (head of Taoxianda), Yueer (HRG), and Gan Qiliang (pseudonym Agan, head of Taoxianda LKA), the leaders of her business unit, Alibaba's Taoxianda, and demanded that Alibaba dismiss the perpetrator, Wang Chengwen (Qu Yi), and never hire him.\"</p><p><img src=\"https://static.tigerbbs.com/6adbfd8f9aee06d186752b55af5fef3f\" tg-width=\"600\" tg-height=\"625\" referrerpolicy=\"no-referrer\"></p><p>Contents of the flyer for female employees of Alibaba seeking help</p><p>On the day the complaint was filed, Wang Chengwen's direct supervisor, Gan Qiliang, contacted him privately: \"These are all business-related issues. I often have to travel for work, so I knew there would be problems.\" He then asked the victimized female employee: \"Do you think Jinan Hualian can negotiate business with some northern merchants in the future without drinking alcohol?\"</p><p>A financial professional told Huxiu, \"Large companies stand at the top of the compensation system, and the compensation often determines the upper limit of tolerance. Therefore, some managers take it for granted that female subordinates are willing to sacrifice some things beyond their abilities—such as being taken advantage of.\"</p><p>Therefore, on the surface, Alibaba's P7 is considered a social elite, but at heart, when it comes to gatherings, it's still the same old style as a village boss hosting a banquet, and they look just as disheveled at the dinner table.</p><p>In addition, the destructive power of the bad habit of encouraging drinking lies in the gradual blurring of the boundaries between public and private. For example, in this incident, Alibaba's leadership went from condoning a customer's physical assault on a female subordinate to entering the female subordinate's room four times and even assaulting her, which is a typical example of power expansion.</p><p>In essence, he is a symbol of power coercing the next \"ugly\" person. The \"dominant\" workplace culture he believes in often manifests itself in a crude manner. He naturally classifies his subordinates as vassals of power, and even uses the guise of \"training\" and \"valuing\" them, completely disregarding the basic common sense of human rights equality at gatherings and whether his own behavior is illegal.</p><p>Some netizens have suggested that with such frequent incidents, could the relevant regulations be written into the company's articles of association to detail internal control measures?</p><p>Frankly speaking, even if some companies are willing to do this, it is very difficult to implement and define such private regulations. Therefore, when faced with leaders, especially female subordinates, who brazenly abuse their power and ask to accompany them to drinks, one should muster the courage to refuse.</p><p>As an employee of a large company lamented on her WeChat Moments, \"Even if you have worked hard to get into a top-tier company in the industry, thinking that you can be protected by the rules and ethics of the modern workplace, you may still encounter unimaginable harm. Especially when you hear the saying that they 'consciously only hire men and not women', what you don't care about today will be the tomorrow of all working women.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ca2161e8ddb469de4171b1fb09459c6b","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178435073","content_text":"阿里巴巴的价值观，再一次遭到了全民群嘲。\n今日凌晨（8月8日）阿里强势霸屏热搜，一篇爆料长文让阿里在热搜前三条独占两席，舆论更是一片哗然。\n\n8月7日，有认证为阿里巴巴员工的网友在社交平台发帖称，在出差过程，其被领导要求在KTV陪客户喝酒，被灌酒后遭到客户猥亵。同时，女员工举报称，事后查看酒店录像，当天夜里该领导多次进入女员工酒店房间，涉嫌性侵。\n\n而事件最吊诡的地方在于，该女员工事发后同时向阿里HR及P10反馈相关情况后均了无结果，最后逼得受害者只能在阿里食堂发传单维权。\n\n阿里女员工被侵害，内部和稀泥两周\n在一份长达8000字的爆料帖子中，该阿里女员工详细叙述了事发经过，大致总结如下：\n\n 据爆料显示，侵害女员工的领导为阿里的王成文，受害者称王成文在其醉酒之后四次进入其房间，对她实施侵害。事件发生后，她原本想用理智正当的方式来处理这件事，尽可能减少对公司造成的影响，可是最后换来的却是一次又一次的欺骗和敷衍。目前，她已经报案，并重申了两点诉求；1、依据公司规章制度，开除相关领导， 且阿里系的公司对其永不录用；2、需要一段长假，调理身心健康。 最后，她直言道：“世界上最厉害的武器，是豁出去的决心。\n\n\n如果该描述全部属实，不得不让人对阿里这家公司的价值观产生怀疑。\n作为公司员工，在被侵害后先报警后迅速向公司反映情况，结果阿里内部相关负责人对受害者控诉的处置态度还是让人叹为观止——据阿里巴巴内部由蒋芳（阿里巴巴十八名创始员工之一，花名“灭绝师太”，曾长期担任廉正反腐部门的主管，现任阿里巴巴CEO张勇的国际业务特别助理兼阿里巴巴集团副首席人力官）牵头成立的独立调查组最新公布调查结果显示，足足两周时间相关领导及HRG在接到投诉后几乎处于一个等待状态？\n\n这才逼得受害者不得不跑到公司 8 号楼 1 楼饭堂发传单求同事关注，即便如此还是很快被保安抢走了传单，并据该阿里女员工表述，在推搡中保安甚至扬言要报警把她抓走。\n\n而且，据该阿里女员工后来晒出的信息显示，自己确实受到了公司方面的压力。\n\n估计当初相关领导及HRG也不会想到，其行为不仅能在8月7日深夜换回两条相关词条微博热搜，还让自家公司以这样的方式再次出圈，博得大名。\n对此，阿里巴巴董事局主席兼CEO张勇8月8日凌晨在阿里内网发帖，用震惊、气愤、羞愧，表达对阿里一员工涉嫌侵犯女同事事件的感受。他同时表示：\n\n 为此事中各级主管的冷漠和没有及时处理道歉。尽管警方仍在调查阶段，但阿里内部认为，事情在员工反馈后没有得到迅速的响应处理，存在重大问题。“从我开始，从管理者开始，我们每一个人必须有深刻的触动、反思和行动”。\n\n\n说实话，您确实应该感到羞愧，作为一家公司董事长兼CEO，事情在7月27日发生，您竟然和网友知情、气愤的时间一致——直到两周后（8月7日）才因舆情发酵听说此事，阿里在事发十多天后才因为舆论压力启动调查。\n虽然，8月8日凌晨，阿里巴巴方面表态，无论是猥亵还是性侵，都是非常严重的犯罪行为，阿里巴巴决不容忍。目前，济南警方已对该案进行调查，阿里巴巴已对涉嫌施害的员工停职，并将全力配合警方调查，密切关注警方调查进展和结果。\n问题是，前有淘宝、天猫、阿里妈妈事业群总裁蒋凡“自罚三杯”式的处罚，后有女员工被侵害相关领导及HRG和稀泥的惯性，这既显示出阿里巴巴对如此恶劣事件的轻视，也暴露出阿里管理体系存在的管理乱象。\n对此，有朋友深夜发文表示：\n\n “大晚上整个人都不好了，前两天看到有人在群里聊还以为是个玩笑，现在看来远不止如此，这个事情不能用吃瓜的心态来看。几天前暴雪总裁才因为歧视女性辞职，再往前几年，Google、Amazon都曾因为性骚扰事件在世界范围内引起广泛讨论。同样是互联网科技企业，希望这一次除了公道和真相，也能为国内女性劳动者争取更多平等蹲一个后续。”\n\n“围猎”女下属的陋习\n很多人觉得，阿里女员工被侵害的诱因在于“酒桌文化”。\n尤其对于销售属性的岗位而言，流传着 “三小时电话抵不过三杯酒” 的说法。酒桌上那一套敬酒、劝酒的规矩即便在互联网大厂也是根深蒂固——斟酒时斜风细雨，敬酒时话里藏事，劝酒时口是心非，觥筹交错之间全是人情和冲突，酒局的本质也变成了极具功利性的social。\n比如，“几何小姐姐”在最新文章中复盘道：阿里巴巴内网全文显示，阿里女员工8月2日回到杭州，立即将受侵害事件报告了自己所在BU——阿里淘鲜达的领导九戎（淘鲜达负责人）、悦尔（HRG）、甘启梁（花名阿甘，淘鲜达 LKA 负责人），要求阿里开除施害者王成文（曲一），永不录用。\n\n阿里女员工求助传单内容\n结果投诉当日，王成文的直属领导甘启梁前来私聊：“都是业务性质的的问题，经常要出差，我早就知道要出问题。”又问受害女员工：“你觉得不喝酒，这个济南华联和一些北方的商户以后的业务能谈下来吗？”\n某位金融从业者就告诉虎嗅，“大厂站在薪酬体系塔尖，待遇往往决定了忍容的上限，所以有管理者想当然认为女下属愿意牺牲一部分能力之外的东西——比如被揩油。”\n所以，表面上阿里P7已经算是社会精英阶层，但骨子里搞起聚会，还是村头土老板宴请那一套，在酒桌上一样狼狈不堪。\n除此之外，劝酒陋习的破坏力还在于逐渐模糊了公与私的界限。比如在该事件中，阿里领导从纵容客户对女下属动手动脚到自己四次进入女下属房间甚至实施侵害，就是典型的权力膨胀。\n本质上，他是权力裹挟下一个“丑”的符号。而他信奉的这套“统治性”职场文化往往以粗暴的形式示人，内心理所当然将下属归类成权利的附庸，还打着“培养”和“重视”的旗号，完全罔顾聚会上人权平等以及自身行为是否违法的基本常识。\n有网友说，这类事件频出，是不是可以把相关规定写到公司章程里，细化出内控措施？\n可以坦诚的说，即便有企业愿意这样做，但如此私人化的规定实行和界定起来都非常困难，所以，面对肆无忌惮滥用职权要求陪酒的领导，尤其女下属，应该鼓起勇气拒绝。\n诚如一位大厂员工在朋友圈感慨的那样，“哪怕已经努力去了行业top的超大企业，以为能被现代社会职场的规则和伦理所保护，却还是有可能遇到想象不到的伤害，尤其在听到‘已经有意识地只招男生不招女生’的说法时，你毫不在意的今天，会是所有职场女性的明天。”","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":4327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806104677,"gmtCreate":1627638127899,"gmtModify":1703493844259,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806104677","repostId":"1185291608","repostType":4,"isVote":1,"tweetType":1,"viewCount":5014,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803847976,"gmtCreate":1627433784695,"gmtModify":1703489811597,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/803847976","repostId":"1121684255","repostType":4,"repost":{"id":"1121684255","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627424128,"share":"https://ttm.financial/m/news/1121684255?lang=en_US&edition=fundamental","pubTime":"2021-07-28 06:15","market":"us","language":"zh","title":"Apple's earnings report once again stunned everyone, with all indicators exceeding expectations, causing its stock price to fall in after-hours trading.","url":"https://stock-news.laohu8.com/highlight/detail?id=1121684255","media":"老虎资讯综合","summary":"苹果于周二美股盘后发布2021财年三季报（即2021自然年第二季度业绩），季度成绩惊艳四座，各项数据均超过市场预期。营收创历史新高，净利润同比接近翻倍，iPhone销售同比激增近50%，服务收入再创历","content":"<p>Apple released its Q3 2021 fiscal year results (i.e., the second quarter of calendar year 2021 results) after the US stock market closed on Tuesday. The quarterly results were impressive, with all data exceeding market expectations. Revenue hit a record high, net profit nearly doubled year-on-year, iPhone sales surged by nearly 50% year-on-year, and service revenue hit a new record high. However, Apple CEO Tim Cook stated in a conference call that the chip shortage has significantly impacted Mac and iPad sales, otherwise this quarter would have been better. In addition, tight chip supply and excessively high transportation costs will put pressure on subsequent performance.</p><p>Apple's stock price retreated from its highs, closing down 1.5% at $146.77 on Tuesday. After trading, the stock price reversed its gains and fell, falling 1.48% as of press time. The company's market capitalization still exceeds $2.4 trillion, firmly holding the top spot in the U.S. market capitalization.<img src=\"https://static.tigerbbs.com/b1c7358d4f1168881c8071a7e50cd849\" tg-width=\"1542\" tg-height=\"1438\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/RN?name=RNLive&rndata={\"liveId\":\"16272656629834\"}\" target=\"_blank\"><b>Apple FY2021Q3 Earnings Call</b></a><b></b></p><p>Third fiscal quarter results details:</p><p><ul><li>Total revenue reached $81.4 billion, a 36% year-over-year increase, far exceeding market expectations of $73.8 billion, marking the company's best third-quarter revenue in history.</li><li>Net income was $21.744 billion, up 93% year-over-year, and diluted earnings per share (EPS) was $1.30, more than doubling year-over-year and exceeding market expectations of $1.01.</li><li>Among them, hardware product revenue was $63.95 billion, higher than the market expectation of $58.18 billion; Revenue from services reached $17.49 billion, marking the second consecutive quarterly record high and representing a 33% year-over-year increase.<b>，</b>The figure exceeded analysts' expectations of $16.32 billion and was also higher than the 26.7% growth rate in the previous fiscal quarter;</li><li>The quarterly gross profit margin was 43.3%, also higher than the expected 41.9%; Quarterly operating profit was $24.126 billion, up from $13.091 billion in the same period last year.</li></ul><b>Looking at different product lines, Apple has achieved double-digit percentage year-on-year revenue growth across all product categories for three consecutive quarters, while the iPhone is not weak during the off-season.</b><img src=\"https://static.tigerbbs.com/4645adcd3f7499969d904dd8973cb926\" tg-width=\"1026\" tg-height=\"318\" referrerpolicy=\"no-referrer\"></p><p><ul><li>iPhone revenue for the quarter reached $39.57 billion, a strong year-over-year increase of 49.78%, exceeding market expectations of $34.5 billion;</li><li>iPad revenue for the quarter was $7.37 billion, up 12% year-over-year, exceeding market expectations of $7.13 billion.</li><li>Mac revenue for the quarter was $8.24 billion, up 16% year-over-year, exceeding market expectations of $8 billion, but falling short of the record high of $9.1 billion set in the first quarter.</li><li>Revenue from wearable devices, home goods and peripherals reached $8.78 billion in the quarter, a 36% year-over-year increase, exceeding the expected $7.6 billion.</li></ul><img src=\"https://static.tigerbbs.com/7bb1355a6d1dba7fdb82e2f1080709ed\" tg-width=\"826\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p><p><ul><li>Net revenue from the highly anticipated services business was $17.486 billion, compared to $13.156 billion in the same period last year, representing a 33% year-over-year increase. This growth rate was higher than the 26.7% growth rate in the previous quarter.</li></ul><img src=\"https://static.tigerbbs.com/bf345163556353fb6796cb26a428fc67\" tg-width=\"500\" tg-height=\"291\" referrerpolicy=\"no-referrer\">By region, Apple also achieved double-digit percentage growth in all regions in the third fiscal quarter, with Greater China performing strongly, growing by 58% year-over-year.</p><p><ul><li>Net revenue from the Americas market was $35.87 billion, compared to $27.018 billion in the same period last year;</li><li>Net revenue from the European market was $18.943 billion, compared to $14.173 billion in the same period last year;</li><li>Net revenue in Greater China was US$14.762 billion, compared to US$9.329 billion in the same period last year, representing a year-on-year increase of 58%.</li><li>Net revenue in Japan was $6.464 billion, compared to $4.966 billion in the same period last year;</li><li>Net revenue from the rest of Asia Pacific was $5.395 billion, compared to $4.199 billion in the same period last year.<img src=\"https://static.tigerbbs.com/ce16bed953b733de1347a9e299d82745\" tg-width=\"1020\" tg-height=\"332\" referrerpolicy=\"no-referrer\"></li></ul>In addition, Apple's board of directors announced a cash Dividend of $0.22 per share. The statement shows that Apple spent $29 billion on shareholder returns in the quarter. CFO Mestri revealed that the company has repurchased nearly $450 billion in stock in recent years.</p><p>It is worth noting that Apple did not provide earnings guidance for the next quarter in its financial report, marking the sixth consecutive quarter since the pandemic. The company expects its revenue to remain at a \"very strong double-digit percentage year-on-year growth rate\" in the next fiscal quarter, but it may be slower than in the third fiscal quarter. CFO Mestri expects iPhone and iPad supply to be limited and growth to slow next quarter.</p><p>Cook stated that Apple could do even better this quarter if it could address the chip shortage, which has significantly impacted Mac and iPad sales. Tight chip supply could impact its iPhone and iPad sales in September, although the shortage of chips is a \"legacy node\" of older types of chips, not the processors that power Apple devices. Cook also said on a conference call with analysts that the company believes freight costs are high.</p><p>In explaining Apple's next growth engine—services revenue—Cook revealed that sub-businesses such as music, video, cloud services, advertising, and payments all hit record highs, \"demonstrating that our long-term investment in our services strategy is succeeding.\" Apple currently has 700 million paid subscribers, 150 million more than the same period last year, although this figure includes the number of people who subscribe to an app through its app store.</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>Apple's earnings report once again stunned everyone, with all indicators exceeding expectations, causing its stock price to fall in after-hours 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: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's earnings report once again stunned everyone, with all indicators exceeding expectations, causing its stock price to fall in after-hours trading.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-28 06:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple released its Q3 2021 fiscal year results (i.e., the second quarter of calendar year 2021 results) after the US stock market closed on Tuesday. The quarterly results were impressive, with all data exceeding market expectations. Revenue hit a record high, net profit nearly doubled year-on-year, iPhone sales surged by nearly 50% year-on-year, and service revenue hit a new record high. However, Apple CEO Tim Cook stated in a conference call that the chip shortage has significantly impacted Mac and iPad sales, otherwise this quarter would have been better. In addition, tight chip supply and excessively high transportation costs will put pressure on subsequent performance.</p><p>Apple's stock price retreated from its highs, closing down 1.5% at $146.77 on Tuesday. After trading, the stock price reversed its gains and fell, falling 1.48% as of press time. The company's market capitalization still exceeds $2.4 trillion, firmly holding the top spot in the U.S. market capitalization.<img src=\"https://static.tigerbbs.com/b1c7358d4f1168881c8071a7e50cd849\" tg-width=\"1542\" tg-height=\"1438\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/RN?name=RNLive&rndata={\"liveId\":\"16272656629834\"}\" target=\"_blank\"><b>Apple FY2021Q3 Earnings Call</b></a><b></b></p><p>Third fiscal quarter results details:</p><p><ul><li>Total revenue reached $81.4 billion, a 36% year-over-year increase, far exceeding market expectations of $73.8 billion, marking the company's best third-quarter revenue in history.</li><li>Net income was $21.744 billion, up 93% year-over-year, and diluted earnings per share (EPS) was $1.30, more than doubling year-over-year and exceeding market expectations of $1.01.</li><li>Among them, hardware product revenue was $63.95 billion, higher than the market expectation of $58.18 billion; Revenue from services reached $17.49 billion, marking the second consecutive quarterly record high and representing a 33% year-over-year increase.<b>，</b>The figure exceeded analysts' expectations of $16.32 billion and was also higher than the 26.7% growth rate in the previous fiscal quarter;</li><li>The quarterly gross profit margin was 43.3%, also higher than the expected 41.9%; Quarterly operating profit was $24.126 billion, up from $13.091 billion in the same period last year.</li></ul><b>Looking at different product lines, Apple has achieved double-digit percentage year-on-year revenue growth across all product categories for three consecutive quarters, while the iPhone is not weak during the off-season.</b><img src=\"https://static.tigerbbs.com/4645adcd3f7499969d904dd8973cb926\" tg-width=\"1026\" tg-height=\"318\" referrerpolicy=\"no-referrer\"></p><p><ul><li>iPhone revenue for the quarter reached $39.57 billion, a strong year-over-year increase of 49.78%, exceeding market expectations of $34.5 billion;</li><li>iPad revenue for the quarter was $7.37 billion, up 12% year-over-year, exceeding market expectations of $7.13 billion.</li><li>Mac revenue for the quarter was $8.24 billion, up 16% year-over-year, exceeding market expectations of $8 billion, but falling short of the record high of $9.1 billion set in the first quarter.</li><li>Revenue from wearable devices, home goods and peripherals reached $8.78 billion in the quarter, a 36% year-over-year increase, exceeding the expected $7.6 billion.</li></ul><img src=\"https://static.tigerbbs.com/7bb1355a6d1dba7fdb82e2f1080709ed\" tg-width=\"826\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p><p><ul><li>Net revenue from the highly anticipated services business was $17.486 billion, compared to $13.156 billion in the same period last year, representing a 33% year-over-year increase. This growth rate was higher than the 26.7% growth rate in the previous quarter.</li></ul><img src=\"https://static.tigerbbs.com/bf345163556353fb6796cb26a428fc67\" tg-width=\"500\" tg-height=\"291\" referrerpolicy=\"no-referrer\">By region, Apple also achieved double-digit percentage growth in all regions in the third fiscal quarter, with Greater China performing strongly, growing by 58% year-over-year.</p><p><ul><li>Net revenue from the Americas market was $35.87 billion, compared to $27.018 billion in the same period last year;</li><li>Net revenue from the European market was $18.943 billion, compared to $14.173 billion in the same period last year;</li><li>Net revenue in Greater China was US$14.762 billion, compared to US$9.329 billion in the same period last year, representing a year-on-year increase of 58%.</li><li>Net revenue in Japan was $6.464 billion, compared to $4.966 billion in the same period last year;</li><li>Net revenue from the rest of Asia Pacific was $5.395 billion, compared to $4.199 billion in the same period last year.<img src=\"https://static.tigerbbs.com/ce16bed953b733de1347a9e299d82745\" tg-width=\"1020\" tg-height=\"332\" referrerpolicy=\"no-referrer\"></li></ul>In addition, Apple's board of directors announced a cash Dividend of $0.22 per share. The statement shows that Apple spent $29 billion on shareholder returns in the quarter. CFO Mestri revealed that the company has repurchased nearly $450 billion in stock in recent years.</p><p>It is worth noting that Apple did not provide earnings guidance for the next quarter in its financial report, marking the sixth consecutive quarter since the pandemic. The company expects its revenue to remain at a \"very strong double-digit percentage year-on-year growth rate\" in the next fiscal quarter, but it may be slower than in the third fiscal quarter. CFO Mestri expects iPhone and iPad supply to be limited and growth to slow next quarter.</p><p>Cook stated that Apple could do even better this quarter if it could address the chip shortage, which has significantly impacted Mac and iPad sales. Tight chip supply could impact its iPhone and iPad sales in September, although the shortage of chips is a \"legacy node\" of older types of chips, not the processors that power Apple devices. Cook also said on a conference call with analysts that the company believes freight costs are high.</p><p>In explaining Apple's next growth engine—services revenue—Cook revealed that sub-businesses such as music, video, cloud services, advertising, and payments all hit record highs, \"demonstrating that our long-term investment in our services strategy is succeeding.\" Apple currently has 700 million paid subscribers, 150 million more than the same period last year, although this figure includes the number of people who subscribe to an app through its app store.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/052d0d3a6389985cf72883e9c3047ae4","relate_stocks":{"AAPL":"苹果"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121684255","content_text":"苹果于周二美股盘后发布2021财年三季报（即2021自然年第二季度业绩），季度成绩惊艳四座，各项数据均超过市场预期。营收创历史新高，净利润同比接近翻倍，iPhone销售同比激增近50%，服务收入再创历史新高。但苹果CEO库克却在电话会中称：芯片短缺问题很大程度影响了Mac和iPad的销售，否则本季度会更好。此外，芯片供应紧张和运输费用过高会给后续业绩造成压力。\n苹果股价高位回落，周二收跌1.5%，报146.77美元，盘后股价由涨转跌，截止发稿跌1.48%，公司市值仍超2.4万亿美元，稳居美市值之冠。苹果FY2021Q3业绩电话会\n第三财季业绩详情：\n\n总营收814亿美元，同比增36%，远超市场预期的738亿美元，创公司史上最佳第三财季营收\n净利润217.44亿美元，同比增长93%，摊薄后每股收益（EPS）1.30美元，同比翻倍，也高于市场预期的1.01美元。\n其中，硬件产品营收639.5亿美元，高于市场预期的581.8亿美元；来自服务业务营收174.9亿美元，连续两个季度历史新高，同比增33%，高于分析师预期的163.2亿美元，也高于上一财季的增速26.7%；\n季度毛利率为43.3%，同样高于预期的41.9%；季度运营利润为241.26亿美元，高于去年同期的130.91亿美元。\n\n分产品线来看，苹果连续三个季度在所有产品类别上均实现了双位数百分比的同比营收涨幅，而iPhone淡季不淡；\n\n当季iPhone营收395.7亿美元，同比劲增49.78%，超过市场预期的345亿美元；\n当季iPad营收73.7亿美元，同比增12%，高于市场预期的71.3亿美元。\n当季Mac营收82.4亿美元，同比增16%，高于市场预期的80亿美元，但逊于一季度91亿美元所创的历史最高。\n当季可穿戴设备、居家用品及周边产品营收87.8亿美元，同比增36%，高于预期的76亿美元。\n\n\n\n备受关注的服务业务净营收为174.86亿美元，相比之下去年同期为131.56亿美元，同比增长33%，这个一增速高于上一季度26.7%增幅。\n\n分地区看，同样第三财季苹果在所有地区实现了双位数百分比的增幅，其大中华地区表现强劲，同比增长58%：\n\n来自美洲市场的净营收为358.70亿美元，相比之下去年同期为270.18亿美元；\n来自欧洲市场净营收为189.43亿美元，相比之下去年同期为141.73亿美元；\n大中华区净营收为147.62亿美元，相比之下去年同期为93.29亿美元，同比增幅达58%；\n日本区净营收为64.64亿美元，相比之下去年同期为49.66亿美元；\n亚太其他地区净营收为53.95亿美元，相比之下去年同期为41.99亿美元。\n\n此外，苹果董事会宣布派发每股0.22美元的现金股息。声明显示，苹果在该季度股东回报上花费了290亿美元。CFO梅斯特里透露，该公司近年来回购了近4500亿美元的股票。\n值得注意的是，苹果在财报中并没有下季度业绩指引，是疫情以来连续第六个季度没有发布指引，公司预计下一财季营收仍是“非常强劲的两位数百分比同比增速”，但可能会慢于第三财季。CFO梅斯特里预计下一个季度iPhone和iPad的供应将会受限，增长将放缓。\n库克称：如果能解决芯片短缺有关的问题，苹果本季度可以做得更好，芯片短缺极大程度影响了Mac和iPad的销售。芯片供应紧张可能会影响其9月份的iPhone和iPad销售，尽管短缺的芯片是旧种类芯片的 \"遗留节点\"，而不是为苹果设备提供动力的处理器。库克在与分析师的电话会议上还表示，该公司认为货运成本很高。\n在解释苹果的下一个增长引擎——服务收入时，库克透露，音乐、视频、云服务、广告和支付等分项业务均创新高，“显示我们对服务战略的长期投资正在取得成功”。苹果目前拥有7亿付费订阅用户，比去年同期多出1.5 亿，不过该数据包括通过其应用商店订阅某款app的人数。","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":5806,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143823612,"gmtCreate":1625788449436,"gmtModify":1703748450807,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143823612","repostId":"2149632317","repostType":4,"repost":{"id":"2149632317","kind":"news","pubTimestamp":1625715666,"share":"https://ttm.financial/m/news/2149632317?lang=en_US&edition=fundamental","pubTime":"2021-07-08 11:41","market":"hk","language":"zh","title":"US Treasury yields have plummeted again; is the sky-high true for US tech stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2149632317","media":"智通财经","summary":"周三公布的6月FMOC会议纪要，作为立场“转鹰”的关键节点，任何超预期的鹰派表态都可能引发股债异动。\n然而，美联储6月会议记录显示，官员们认为经济复苏尚未实现“实质性进展”目标。周三10年期美债收益率","content":"<p>The minutes of the June FMOC meeting, released on Wednesday, serve as a key milestone in the \"hawkish\" stance, and any unexpectedly hawkish statement could trigger unusual fluctuations in stocks and bonds.</p><p>However, the minutes of the Federal Reserve's June meeting showed that officials believed the economic recovery had not yet achieved its goal of \"substantial progress\". The 10-year U.S. Treasury yield hit a more than four-month low on Wednesday, and U.S. stocks fell more than 5 basis points to 1.294% in early trading, the lowest level since February 17.</p><p><img src=\"https://static.tigerbbs.com/da29078c8013140b59a5b8c53924c08c\" tg-width=\"998\" tg-height=\"657\" referrerpolicy=\"no-referrer\"></p><p>As Jean Paren, an analyst at Credit Consortium, previously stated, the meeting minutes are unlikely to bring many surprises, given that various signs indicate that the current economic recovery is not overheated, which also means that the steps of policy normalization will proceed gradually.</p><p>Zhitong Finance APP noted that with the continued decline in US Treasury yields and Wall Street's concerns about the peak of US economic growth, large technology companies have regained favor with investors. such as<a href=\"https://laohu8.com/S/AAPL\">Apple</a>(AAPL.US) shares rose 1.8% on Wednesday.<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>(AMAZN.US) shares rose nearly 0.6%, hitting a record closing high for the second consecutive trading day. Over the past month, both Apple and Amazon have risen by nearly 15%, far exceeding the S&P 500's 3.1% return.</p><p>Standard Chartered analyst Suki Cooper said that because the meeting minutes were largely in line with market expectations rather than presenting more unexpected hawkish signals, the threshold for tapering the purchase program has not yet been met, and the rise in inflation largely reflects temporary factors.</p><p>Naeem Aslam, chief market analyst at AvaTrade Ltd., also said that monetary policy is expected to remain accommodative as concerns about inflation and rapid economic growth subside.</p><p>Does this mean that the sharp drop in US Treasury yields will further boost the rise in tech stocks?</p><p><b>Under normal circumstances, as US Treasury Bond yields fall, growth stocks, especially those in the technology sector, may have ample room to rise.</b></p><p>ARK Fund founder Cathie Wood's four ARK ETFs, which focus on growth sectors, have collectively attracted more than $1 billion in funding in the past month. With a total return of 15% over the past month, the Ark Innovation ETF ranks among the top ten themed funds. As inflation expectations decline, the rebound momentum of companies with high growth potential may continue.</p><p>As is well known, the U.S. technology industry, in terms of the overall environment, still receives support from the U.S. government. U.S. Senator Schumer previously stated that the Senate is developing a bipartisan plan to invest $100 billion to stimulate research in key U.S. technology fields, improve research capabilities, and transform them into technological products. This includes artificial intelligence, quantum computing, and the semiconductor industry, and this plan has received bipartisan support from the Senate, House of Representatives, Democrats, and Republicans. It aims to maintain the rapid development of American technology and its leading position in the world by increasing investment in the technology industry.</p><p>Looking back at last week, US tech stocks continued to decline, with rumors circulating that they might resemble the tech bubble of 2000. Looking at the current strong performance of tech stocks, it seems that investors' anxieties will always be absorbed. It still depends on solid data research, and the market will eventually return to a rational track from various emotional fluctuations.</p>","source":"stock_zhitongcaijing","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>US Treasury yields have plummeted again; is the sky-high true for US tech stocks?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Treasury yields have plummeted again; is the sky-high true for US tech stocks?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2021-07-08 11:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The minutes of the June FMOC meeting, released on Wednesday, serve as a key milestone in the \"hawkish\" stance, and any unexpectedly hawkish statement could trigger unusual fluctuations in stocks and bonds.</p><p>However, the minutes of the Federal Reserve's June meeting showed that officials believed the economic recovery had not yet achieved its goal of \"substantial progress\". The 10-year U.S. Treasury yield hit a more than four-month low on Wednesday, and U.S. stocks fell more than 5 basis points to 1.294% in early trading, the lowest level since February 17.</p><p><img src=\"https://static.tigerbbs.com/da29078c8013140b59a5b8c53924c08c\" tg-width=\"998\" tg-height=\"657\" referrerpolicy=\"no-referrer\"></p><p>As Jean Paren, an analyst at Credit Consortium, previously stated, the meeting minutes are unlikely to bring many surprises, given that various signs indicate that the current economic recovery is not overheated, which also means that the steps of policy normalization will proceed gradually.</p><p>Zhitong Finance APP noted that with the continued decline in US Treasury yields and Wall Street's concerns about the peak of US economic growth, large technology companies have regained favor with investors. such as<a href=\"https://laohu8.com/S/AAPL\">Apple</a>(AAPL.US) shares rose 1.8% on Wednesday.<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>(AMAZN.US) shares rose nearly 0.6%, hitting a record closing high for the second consecutive trading day. Over the past month, both Apple and Amazon have risen by nearly 15%, far exceeding the S&P 500's 3.1% return.</p><p>Standard Chartered analyst Suki Cooper said that because the meeting minutes were largely in line with market expectations rather than presenting more unexpected hawkish signals, the threshold for tapering the purchase program has not yet been met, and the rise in inflation largely reflects temporary factors.</p><p>Naeem Aslam, chief market analyst at AvaTrade Ltd., also said that monetary policy is expected to remain accommodative as concerns about inflation and rapid economic growth subside.</p><p>Does this mean that the sharp drop in US Treasury yields will further boost the rise in tech stocks?</p><p><b>Under normal circumstances, as US Treasury Bond yields fall, growth stocks, especially those in the technology sector, may have ample room to rise.</b></p><p>ARK Fund founder Cathie Wood's four ARK ETFs, which focus on growth sectors, have collectively attracted more than $1 billion in funding in the past month. With a total return of 15% over the past month, the Ark Innovation ETF ranks among the top ten themed funds. As inflation expectations decline, the rebound momentum of companies with high growth potential may continue.</p><p>As is well known, the U.S. technology industry, in terms of the overall environment, still receives support from the U.S. government. U.S. Senator Schumer previously stated that the Senate is developing a bipartisan plan to invest $100 billion to stimulate research in key U.S. technology fields, improve research capabilities, and transform them into technological products. This includes artificial intelligence, quantum computing, and the semiconductor industry, and this plan has received bipartisan support from the Senate, House of Representatives, Democrats, and Republicans. It aims to maintain the rapid development of American technology and its leading position in the world by increasing investment in the technology industry.</p><p>Looking back at last week, US tech stocks continued to decline, with rumors circulating that they might resemble the tech bubble of 2000. Looking at the current strong performance of tech stocks, it seems that investors' anxieties will always be absorbed. It still depends on solid data research, and the market will eventually return to a rational track from various emotional fluctuations.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/509701.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a8642475395bb363eacb86148917e7b","relate_stocks":{"03086":"华夏纳指","TTTN":"老虎中美互联网巨头ETF","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"http://www.zhitongcaijing.com/content/detail/509701.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149632317","content_text":"周三公布的6月FMOC会议纪要，作为立场“转鹰”的关键节点，任何超预期的鹰派表态都可能引发股债异动。\n然而，美联储6月会议记录显示，官员们认为经济复苏尚未实现“实质性进展”目标。周三10年期美债收益率触及逾四个月低位，美股盘初一度跌超5个基点至1.294%，为2月17日以来最低水平。\n\n正如此前东方汇理银行分析师Jean Paren此前表示，此次会议纪要不太可能带来太多惊喜，鉴于种种迹象显示目前经济复苏并没有过热，这也意味着政策正常化的步骤将会逐步推进。\n智通财经APP注意到，随着美债收益率持续回落以及华尔街对美国经济增长见顶的担忧，大型科技公司重获投资者的青睐。如苹果(AAPL.US)股价周三上涨1.8%，亚马逊(AMAZN.US)股价上涨近0.6%，为连续第二个交易日创收盘历史新高。过去一个月，苹果和亚马逊均上涨了近15%，远远超过了标普500指数3.1%的回报率。\n渣打银行分析师SukiCooper表示，因为此次会议纪要与市场预期基本一致，而非呈现更多令人意外的鹰派信号，缩减购计划的门槛尚未达到，通胀上升在很大程度上反映的是临时性因素。\nAvaTradeLtd.的首席市场分析师NaeemAslam亦表示，随着对通胀和经济快速增长的担忧消退，货币政策预计将保持宽松。\n那么是否意味着美债收益率大跌，将再助力科技股上涨一臂之力呢?\n正常情况下，随着美国国债收益率下跌，增长型股票，尤其是科技板块里的增长股，可能有充足的上涨空间。\nARK基金创始人Cathie Wood的4支专注增长板块的方舟ETF在过去一个月里合计吸引了逾10亿美元资金。凭借过去一个月里15%的总回报率，方舟创新ETF位列主题基金前十名。随着通胀预期回落，具有高增长潜力的公司的反弹势头可能会继续下去。\n众所周知，美国的科技产业，从大环境来说，依旧是获美国政府支持的，美国国会参议院舒默此前表示，参议院正在制定一项美国两党都支持的方案，建议投资1000亿美元，刺激美国关键科技领域的研究，提高研究能力以及转化为科技产品的能力。包括人工智能，量子计算到半导体产业，且这项方案是获得参议院，众议院，美国民主党以及共和党两党的支持，即通过增加对科技行业的投资，保持美国科技的高速发展以及在世界上的引先优势。\n回看上一周，持续下跌的美股科技股，到处传着会不会象2000年的科技股泡沫，再看目前科技股的强劲表现，投资者不安的情绪似乎总会被消化，还是要靠扎实的数据研究，市场从各种情绪的波动中总会回到理性轨道上。","news_type":1,"symbols_score_info":{"ZNmain":0.9,"TTTN":0.9,"QNETCN":0.9,"ZFmain":0.9,"UBmain":0.9,"ZBmain":0.9,"03086":0.9,"TNmain":0.9,"ZTmain":0.9}},"isVote":1,"tweetType":1,"viewCount":4690,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155315511,"gmtCreate":1625375360033,"gmtModify":1703741013901,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/155315511","repostId":"2148380082","repostType":4,"repost":{"id":"2148380082","kind":"highlight","pubTimestamp":1625364606,"share":"https://ttm.financial/m/news/2148380082?lang=en_US&edition=fundamental","pubTime":"2021-07-04 10:10","market":"hk","language":"zh","title":"The advanced packaging solutions industry has huge potential. Who will be the next ASML?","url":"https://stock-news.laohu8.com/highlight/detail?id=2148380082","media":"智通财经网","summary":"过去数十年来，摩尔定律犹如法则一般引领了半导体行业的发展，半导体制程持续升级，然而，当先进制程技术已走到5nm、3nm，甚至IBM已经发布了全球首个2nm的芯片制造技术，晶体管大小正不断逼近原子的物理","content":"<p>For decades, Moore's Law has guided the development of the semiconductor industry like a law, leading to continuous upgrades in semiconductor manufacturing processes. However, as advanced manufacturing technologies have reached 5nm, 3nm, and even...<a href=\"https://laohu8.com/S/IBM\">IBM</a>The world's first 2nm chip manufacturing technology has been released, and transistor size is constantly approaching the physical volume limit of atoms.</p><p>When the physical volume of a process reaches its limit and further progress becomes impossible, it signifies the end of the Moore's Law era driven by processes. However, at the same time, applications such as 5G, autonomous driving, artificial intelligence, and the Internet of Things are rapidly emerging, placing higher demands on chip performance. Where is the semiconductor industry headed in the next decade?</p><p>June 2021,<a href=\"https://laohu8.com/S/AMD\">AMD</a>Announcing a partnership<a href=\"https://laohu8.com/S/TSM\">TSMC</a>(TSM.US) has developed 3D Chiplet technology and will mass-produce the corresponding chip by the end of 2021. AMD President and CEO Lisa Su stated that the packaging technology is groundbreaking, employing advanced hybrid bond technology that combines AMD's Chiplet architecture with a 3D stack, providing more than 200 times higher interconnect density than 2D chiplets and 15 times higher density than existing 3D packaging solutions.</p><p>As one of the most outstanding representatives in the two major fields of Fabless and Foundry, these two companies have made judgments about the future development direction of the semiconductor industry, and the general consensus in the industry is: the development of advanced packaging technology.</p><p>Packaging testing involves cutting, wire bonding, plastic sealing, and die-cutting the produced qualified wafers to electrically connect the chip circuit to external components, provide mechanical and physical protection for the chip, and use testing tools provided by integrated circuit design companies to conduct functional and performance tests on the packaged chip.</p><p>Compared to traditional packaging, advanced packaging, as a subsequent manufacturing process, is constantly moving forward, continuously compressing chip volume, improving processing efficiency, enhancing design efficiency, and reducing design costs. In addition, the packaging efficiency (die area/substrate area) of conventional packages is low, and there is great room for improvement. Advanced packaging technology achieves electrical interconnection by replacing lines with points, enabling higher-density integration and greatly reducing waste of space.</p><p><b>What is Advanced Packaging?</b></p><p>Advanced Packaging technologies mainly include Flip-Chip, Wafer Level Packaging (WLP), 2.5D and 3D Packaging, and System-in-Packaging (SiP). SiP technology laid the foundation for the era of advanced Packaging. The emergence of 2D integration technologies, such as Wafer Level Packaging (WLP), Flip-Chip, 3D Packaging, and Through Silicon Via (TSV) technologies, further reduces the connection distance between chips and improves the reaction speed of components, which will continue to advance the pace of advanced Packaging in the future.</p><p>Introduction to the main advanced packaging technologies and their main functions:</p><p><img src=\"https://static.tigerbbs.com/9c62fb531a75f893af16a1760adf918a\" tg-width=\"1080\" tg-height=\"951\" referrerpolicy=\"no-referrer\"></p><p><b>In the era of advanced packaging, the role of packaging and testing equipment is becoming</b></p><p>- Semiconductor equipment investment accounts for over 60% of industrial capital expenditure, making it highly susceptible to monopolies and crucial for investment.</p><p>Equipment investment accounts for more than 60% of capital expenditure in the semiconductor industry. The value of manufacturing, packaging, and testing equipment is large, which directly affects the technical level and yield of semiconductor production.</p><p><img src=\"https://static.tigerbbs.com/7a191b485369c6e83e24aabede4ba93c\" tg-width=\"1040\" tg-height=\"1071\" referrerpolicy=\"no-referrer\"></p><p>According to statistics from CIC, the global semiconductor equipment market reached US$72.4 billion in 2020 and is projected to reach US$102.4 billion by 2025, with a compound annual growth rate of 7.2%. CIC Consulting predicts that the global share of packaging and testing equipment in semiconductor equipment will increase from 16.7% in 2020 to 18.6% in 2025, with a market size of approximately US$19 billion.</p><p>In the packaging process, it can be divided into patches, leads, dicing and testing, rebar cutting and plastic sealing according to steps. Among them, the mounting machine is the most critical and core equipment in the advanced packaging process.</p><p><img src=\"https://static.tigerbbs.com/acf992d2b628ac4f835caec00330de80\" tg-width=\"898\" tg-height=\"873\" referrerpolicy=\"no-referrer\"></p><p><b>A compilation of leading global players in advanced packaging equipment</b></p><p><b>iron</b></p><p>Founded in the Netherlands in 1995, Besi is a leading supplier of semiconductor assembly equipment to the global semiconductor and electronics industries, developing leading assembly processes and equipment for the end-user market for leadframe, substrate and wafer-level packaging applications. The company's product line covers various types of equipment on the packaging line, including 18 types of mounting machines. Mainly covering electronics, mobile internet, automotive, industrial, LED and<a href=\"https://laohu8.com/S/000591\">solar energy</a>Our customers are mainly leading semiconductor manufacturers, assembly subcontractors, and electronics and industrial companies, including many large semiconductor companies such as ASE, Amkor, Foxconn, and Greatek.</p><p><b>ASM</b></p><p>Founded in Hong Kong in 1975 and headquartered in Singapore, ASM Pacific has been listed on the Hong Kong Stock Exchange since 1989. It is the world's first equipment manufacturer to provide technology and solutions for all process steps in semiconductor packaging and electronics production. ASM encompasses the production of most of the equipment used in wafer manufacturing and packaging testing, including 25 types of patch equipment, 12 types of wire bonding machines, 5 types of plastic sealing equipment, 2 types of ribbing equipment, and 6 types of testing equipment. It mainly covers industries such as CIS, computer science, automation electronic equipment, LEDs, and mobile communications.</p><p><b>Capcon</b></p><p>Capcon Limited, established in Hong Kong in 2014 with its R&D center and production headquarters in Singapore, is a high-end equipment manufacturer focusing on advanced packaging equipment. The company's products achieve comprehensive coverage of advanced packaging and mounting processes, including FOWLP (Face Up/Down), POP, MCM, EMCP, Stack Die, SiP, 2.5D/3D, FCCSP, FCBGA, etc. The company is positioned in the field of advanced semiconductor packaging and provides a new generation of advanced packaging and mounting equipment for semiconductor post-processes, such as flip-chip mounting machines, wafer-level mounting machines, POP packaging machines, stacked mounting machines, panel-level mounting machines, and multi-chip mounting machines. Our main customers include TSMC, SunMoon, Silicon Products,<a href=\"https://laohu8.com/S/600584\">JCET Technology</a>、<a href=\"https://laohu8.com/S/002156\">Tongfu Microelectronics</a>, DeeTee et al; Shipments were 15 units in 2020, and are expected to be around 35 units in 2021.</p><p><b>Kulicke & Sofa</b></p><p>Founded in 1956 and headquartered in Singapore, Kulicke & Soffa is a leading global provider of semiconductor packaging and electronic assembly solutions. In recent years, K&S has added advanced packaging, electronic assembly, wedge welding machines and other products through strategic acquisitions and independent research and development. The main customer industries covered include automobiles, consumer electronics, communications, computers, and industry.</p><p>According to statistics from CIC Consulting, Besi, Capcon, and ASM currently occupy the vast majority of the market share of advanced packaging and surface mount equipment in terms of shipments or revenue.</p><p><img src=\"https://static.tigerbbs.com/687915a7f70155ce2037bfce3d1800e4\" tg-width=\"1080\" tg-height=\"1215\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The advanced packaging solutions industry has huge potential. Who will be the next ASML?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe advanced packaging solutions industry has huge potential. Who will be the next ASML?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-07-04 10:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>For decades, Moore's Law has guided the development of the semiconductor industry like a law, leading to continuous upgrades in semiconductor manufacturing processes. However, as advanced manufacturing technologies have reached 5nm, 3nm, and even...<a href=\"https://laohu8.com/S/IBM\">IBM</a>The world's first 2nm chip manufacturing technology has been released, and transistor size is constantly approaching the physical volume limit of atoms.</p><p>When the physical volume of a process reaches its limit and further progress becomes impossible, it signifies the end of the Moore's Law era driven by processes. However, at the same time, applications such as 5G, autonomous driving, artificial intelligence, and the Internet of Things are rapidly emerging, placing higher demands on chip performance. Where is the semiconductor industry headed in the next decade?</p><p>June 2021,<a href=\"https://laohu8.com/S/AMD\">AMD</a>Announcing a partnership<a href=\"https://laohu8.com/S/TSM\">TSMC</a>(TSM.US) has developed 3D Chiplet technology and will mass-produce the corresponding chip by the end of 2021. AMD President and CEO Lisa Su stated that the packaging technology is groundbreaking, employing advanced hybrid bond technology that combines AMD's Chiplet architecture with a 3D stack, providing more than 200 times higher interconnect density than 2D chiplets and 15 times higher density than existing 3D packaging solutions.</p><p>As one of the most outstanding representatives in the two major fields of Fabless and Foundry, these two companies have made judgments about the future development direction of the semiconductor industry, and the general consensus in the industry is: the development of advanced packaging technology.</p><p>Packaging testing involves cutting, wire bonding, plastic sealing, and die-cutting the produced qualified wafers to electrically connect the chip circuit to external components, provide mechanical and physical protection for the chip, and use testing tools provided by integrated circuit design companies to conduct functional and performance tests on the packaged chip.</p><p>Compared to traditional packaging, advanced packaging, as a subsequent manufacturing process, is constantly moving forward, continuously compressing chip volume, improving processing efficiency, enhancing design efficiency, and reducing design costs. In addition, the packaging efficiency (die area/substrate area) of conventional packages is low, and there is great room for improvement. Advanced packaging technology achieves electrical interconnection by replacing lines with points, enabling higher-density integration and greatly reducing waste of space.</p><p><b>What is Advanced Packaging?</b></p><p>Advanced Packaging technologies mainly include Flip-Chip, Wafer Level Packaging (WLP), 2.5D and 3D Packaging, and System-in-Packaging (SiP). SiP technology laid the foundation for the era of advanced Packaging. The emergence of 2D integration technologies, such as Wafer Level Packaging (WLP), Flip-Chip, 3D Packaging, and Through Silicon Via (TSV) technologies, further reduces the connection distance between chips and improves the reaction speed of components, which will continue to advance the pace of advanced Packaging in the future.</p><p>Introduction to the main advanced packaging technologies and their main functions:</p><p><img src=\"https://static.tigerbbs.com/9c62fb531a75f893af16a1760adf918a\" tg-width=\"1080\" tg-height=\"951\" referrerpolicy=\"no-referrer\"></p><p><b>In the era of advanced packaging, the role of packaging and testing equipment is becoming</b></p><p>- Semiconductor equipment investment accounts for over 60% of industrial capital expenditure, making it highly susceptible to monopolies and crucial for investment.</p><p>Equipment investment accounts for more than 60% of capital expenditure in the semiconductor industry. The value of manufacturing, packaging, and testing equipment is large, which directly affects the technical level and yield of semiconductor production.</p><p><img src=\"https://static.tigerbbs.com/7a191b485369c6e83e24aabede4ba93c\" tg-width=\"1040\" tg-height=\"1071\" referrerpolicy=\"no-referrer\"></p><p>According to statistics from CIC, the global semiconductor equipment market reached US$72.4 billion in 2020 and is projected to reach US$102.4 billion by 2025, with a compound annual growth rate of 7.2%. CIC Consulting predicts that the global share of packaging and testing equipment in semiconductor equipment will increase from 16.7% in 2020 to 18.6% in 2025, with a market size of approximately US$19 billion.</p><p>In the packaging process, it can be divided into patches, leads, dicing and testing, rebar cutting and plastic sealing according to steps. Among them, the mounting machine is the most critical and core equipment in the advanced packaging process.</p><p><img src=\"https://static.tigerbbs.com/acf992d2b628ac4f835caec00330de80\" tg-width=\"898\" tg-height=\"873\" referrerpolicy=\"no-referrer\"></p><p><b>A compilation of leading global players in advanced packaging equipment</b></p><p><b>iron</b></p><p>Founded in the Netherlands in 1995, Besi is a leading supplier of semiconductor assembly equipment to the global semiconductor and electronics industries, developing leading assembly processes and equipment for the end-user market for leadframe, substrate and wafer-level packaging applications. The company's product line covers various types of equipment on the packaging line, including 18 types of mounting machines. Mainly covering electronics, mobile internet, automotive, industrial, LED and<a href=\"https://laohu8.com/S/000591\">solar energy</a>Our customers are mainly leading semiconductor manufacturers, assembly subcontractors, and electronics and industrial companies, including many large semiconductor companies such as ASE, Amkor, Foxconn, and Greatek.</p><p><b>ASM</b></p><p>Founded in Hong Kong in 1975 and headquartered in Singapore, ASM Pacific has been listed on the Hong Kong Stock Exchange since 1989. It is the world's first equipment manufacturer to provide technology and solutions for all process steps in semiconductor packaging and electronics production. ASM encompasses the production of most of the equipment used in wafer manufacturing and packaging testing, including 25 types of patch equipment, 12 types of wire bonding machines, 5 types of plastic sealing equipment, 2 types of ribbing equipment, and 6 types of testing equipment. It mainly covers industries such as CIS, computer science, automation electronic equipment, LEDs, and mobile communications.</p><p><b>Capcon</b></p><p>Capcon Limited, established in Hong Kong in 2014 with its R&D center and production headquarters in Singapore, is a high-end equipment manufacturer focusing on advanced packaging equipment. The company's products achieve comprehensive coverage of advanced packaging and mounting processes, including FOWLP (Face Up/Down), POP, MCM, EMCP, Stack Die, SiP, 2.5D/3D, FCCSP, FCBGA, etc. The company is positioned in the field of advanced semiconductor packaging and provides a new generation of advanced packaging and mounting equipment for semiconductor post-processes, such as flip-chip mounting machines, wafer-level mounting machines, POP packaging machines, stacked mounting machines, panel-level mounting machines, and multi-chip mounting machines. Our main customers include TSMC, SunMoon, Silicon Products,<a href=\"https://laohu8.com/S/600584\">JCET Technology</a>、<a href=\"https://laohu8.com/S/002156\">Tongfu Microelectronics</a>, DeeTee et al; Shipments were 15 units in 2020, and are expected to be around 35 units in 2021.</p><p><b>Kulicke & Sofa</b></p><p>Founded in 1956 and headquartered in Singapore, Kulicke & Soffa is a leading global provider of semiconductor packaging and electronic assembly solutions. In recent years, K&S has added advanced packaging, electronic assembly, wedge welding machines and other products through strategic acquisitions and independent research and development. The main customer industries covered include automobiles, consumer electronics, communications, computers, and industry.</p><p>According to statistics from CIC Consulting, Besi, Capcon, and ASM currently occupy the vast majority of the market share of advanced packaging and surface mount equipment in terms of shipments or revenue.</p><p><img src=\"https://static.tigerbbs.com/687915a7f70155ce2037bfce3d1800e4\" tg-width=\"1080\" tg-height=\"1215\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/506867.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bd1fba0b4ee480123e9706ba26636a3e","relate_stocks":{"ASML":"阿斯麦"},"source_url":"http://www.zhitongcaijing.com/content/detail/506867.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2148380082","content_text":"过去数十年来，摩尔定律犹如法则一般引领了半导体行业的发展，半导体制程持续升级，然而，当先进制程技术已走到5nm、3nm，甚至IBM已经发布了全球首个2nm的芯片制造技术，晶体管大小正不断逼近原子的物理体积极限。\n当制程物理体积到达极限之后，无法再继续进步，那就意味着靠制程推动的摩尔定律时代的终结，但与此同时，5G、自动驾驶、人工智能、物联网等应用正快速兴起，对芯片的性能要求更高，半导体行业下一个十年方向在哪里?\n2021年6月，AMD宣布携手台积电(TSM.US)，开发出了3D Chiplet技术，并且将于2021年年底量产相应芯片。AMD总裁兼CEO苏姿丰表示，该封装技术具有突破性，采用先进的hybrid bond技术，将AMD的Chiplet架构与3D堆栈结合，提供比2D Chiplet高出超过200倍的互连密度，以及比现有3D封装解决方案高出15倍的密度。\n作为Fabless和Foundry两大领域最杰出的代表之一，这两家企业对未来半导体行业的发展方向做出的判断以及业内的普遍共识便是：先进封装技术的发展。\n封装测试是将生产出来的合格晶圆进行切割、焊线、塑封、切割成型，使芯片电路与外部器件实现电气连接，并为芯片提供机械物理保护，并利用集成电路设计企业提供的测试工具，对封装完毕的芯片进行功能和性能测试。\n相较于传统封装，先进封装作为制造的后道工序，正不断前移，持续压缩芯片体积、提高加工效率、提高设计效率，并减少设计成本。此外，传统封装的封装效率(裸芯面积/基板面积)较低，存在很大改良的空间。先进封装技术通过以点代线的方式实现电气互联，实现更高密度的集成，大大减小了对面积的浪费。\n什么是先进封装?\n先进封装技术主要包括Flip-Chip(倒装)、Wafer Level Packaging(WLP，晶圆级封装)、2.5D封装和3D封装以及系统级封装(SiP)等，SiP技术奠定了先进封装时代的开局，2D集成技术，如Wafer Level Packaging(WLP，晶圆级封装)、Flip-Chip(倒装)以及3D封装技术、Through Silicon Via(TSV，硅通孔)等技术的出现进一步缩小芯片间的连接距离，提高元器件的反应速度，未来将继续推进着先进封装的脚步。\n目前主要先进封装工艺的介绍及主要作用：\n\n先进封装时代，封测设备作用凸显\n- 半导体设备投资占产业资本支出60%以上，极易形成垄断，对于投资至关重要\n设备投资占半导体产业资本支出的60%以上，制造、封装、测试设备的价值量大，直接影响着半导体生产的技术水平与良率。\n\n根据CIC灼识咨询统计数据，2020年，全球半导体设备市场达到724亿美元，预计到2025年将达到1,024亿美元，复合年增长率为7.2%。CIC灼识咨询预测，全球封测设备在半导体设备中的占比将从2020年的16.7%提升到2025年的18.6%，市场体量将达到约190亿美金。\n在封装流程中，可将其按步骤分为贴片、引线、划片与测试、切筋与塑封。其中，在先进封装过程中贴片机是最关键、最核心的设备。\n\n全球先进封装设备头部玩家梳理\nBesi\nBesi于1995在荷兰成立，是面向全球半导体和电子行业的半导体组装设备的领先供应商，为终端用户市场开发领先的组装工艺和设备，用于引线框架、基板和晶圆级封装应用。公司产品线涵盖封装线上的各类设备，其中包括18种贴片机设备。主要覆盖电子、移动互联网、汽车、工业、LED和太阳能等行业，客户主要是领先的半导体制造商、组装分包商以及电子和工业公司，其中包括ASE、Amkor、富士康、Greatek等多家大型半导体企业。\nASM\nASM Pacific于1975年在香港成立，总部位于新加坡，自1989年起在香港联交所上市，是全球首个为半导体封装及电子产品生产的所有工艺步骤提供技术和解决方案的设备制造商。ASM囊括晶圆制造和封装测试过程中的大部分设备的生产，共有贴片设备25种，焊线机12种，塑封设备5种，切筋设备2种以及6种测试设备。主要覆盖CIS、计算机领域、自动化电子设备、LED、移动通讯等行业。\nCapcon\nCapcon Limited(华封科技有限公司)，于2014年在香港成立，研发中心和生产总部位于新加坡，是聚焦先进封装设备领域的高端装备制造商。公司产品对先进封装贴片工艺实现了全面覆盖，包括FOWLP (Face Up/Down)、POP、MCM、EMCP、Stack Die、SiP、2.5D/3D、FCCSP、FCBGA等公司定位在半导体先进封装领域，针对半导体后道工序提供全新一代先进封装贴片设备，如倒装贴片机、晶圆级贴片机、POP封装机、层叠贴片机、面板级贴片机、多晶片贴片机等。主要服务客户有台积电、日月光、矽品、长电科技、通富微电、DeeTee等;2020年出货量在15台，2021年预计出货量在35台左右。\nKulicke & Soffa\nKulicke & Soffa于1956年成立，总部位于新加坡，是全球领先的半导体封装和电子装配解决方案企业。近年来，K&S通过战略性收购和自主研发，增加了先进封装、电子装配、楔焊机等产品。主要覆盖客户行业为汽车、消费电子、通讯、计算机和工业等。\n据CIC灼识咨询统计，目前先进封装贴片设备，以出货量或收入计，市场中Besi、Capcon和ASM几乎占据市场绝大多数体量。","news_type":1,"symbols_score_info":{"ASML":0.9}},"isVote":1,"tweetType":1,"viewCount":4777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152220455,"gmtCreate":1625298793377,"gmtModify":1703740203649,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/152220455","repostId":"1188688591","repostType":4,"isVote":1,"tweetType":1,"viewCount":6007,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156962607,"gmtCreate":1625191017309,"gmtModify":1703738011003,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/156962607","repostId":"1129796608","repostType":4,"repost":{"id":"1129796608","kind":"news","pubTimestamp":1625190502,"share":"https://ttm.financial/m/news/1129796608?lang=en_US&edition=fundamental","pubTime":"2021-07-02 09:48","market":"sh","language":"zh","title":"With its market capitalization surpassing one trillion yuan, CATL, which was \"escaped,\" is staging a dramatic reversal.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129796608","media":"每日经济新闻","summary":"在发布与特斯拉签订供货框架协议公告后，动力电池巨头宁德时代的股价再度“起飞”。\n6月28日晚，宁德时代发布公告，称公司与特斯拉在6月25日签订了《Production Pricing Agreemen","content":"<p><div>Following the announcement of signing a supply framework agreement with Tesla, the stock price of power battery giant CATL has taken off again. On the evening of June 28, CATL issued an announcement stating that the company signed a \"Production Pricing Agreement\" with Tesla on June 25, and will supply lithium-ion power battery products to Tesla from January 2022 to December 2025. Back in February of last year, the two parties signed an agreement. Production Pricing Agreement (China). As agreed, in...</p><p><a href=\"https://mp.weixin.qq.com/s/HQaDELw20vQ0nJOKkrK1hA\">Web page link</a></div></p>","source":"mrjjxw","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>With its market capitalization surpassing one trillion yuan, CATL, which was \"escaped,\" is staging a dramatic reversal.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWith its market capitalization surpassing one trillion yuan, CATL, which was \"escaped,\" is staging a dramatic reversal.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">每日经济新闻</strong><span class=\"h-time small\">2021-07-02 09:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Following the announcement of signing a supply framework agreement with Tesla, the stock price of power battery giant CATL has taken off again. On the evening of June 28, CATL issued an announcement stating that the company signed a \"Production Pricing Agreement\" with Tesla on June 25, and will supply lithium-ion power battery products to Tesla from January 2022 to December 2025. Back in February of last year, the two parties signed an agreement. Production Pricing Agreement (China). As agreed, in...</p><p><a href=\"https://mp.weixin.qq.com/s/HQaDELw20vQ0nJOKkrK1hA\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/HQaDELw20vQ0nJOKkrK1hA\">每日经济新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/983e0432c72ee1117f6c5b8a19ed6e25","relate_stocks":{"300750":"宁德时代"},"source_url":"https://mp.weixin.qq.com/s/HQaDELw20vQ0nJOKkrK1hA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129796608","content_text":"在发布与特斯拉签订供货框架协议公告后，动力电池巨头宁德时代的股价再度“起飞”。\n6月28日晚，宁德时代发布公告，称公司与特斯拉在6月25日签订了《Production Pricing Agreement》，将在2022年1月至2025年12月期间向特斯拉供应锂离子动力电池产品。\n\n早在去年2月，双方就曾签订《Production Pricing Agreement (China)》。根据约定，在2020年7月1日至2022年6月30日期间，特斯拉将向宁德时代采购锂离子动力电池。\n值得注意的是，此次签订的协议名称由此前《Production Pricing Agreement（China）》变更为《Production Pricing Agreement》，合作框架去掉了“China”，或意味着本次供货协议将覆盖全球。\n受此利好消息影响，6月30日盘中，宁德时代股价一度达到542元，创历史新高。当日，宁德时代以534.80元/股收盘，总市值约为1.25万亿元。就在6月29日，宁德时代市值晋升深市市值榜首、A股市值榜第5位。\n有趣的是，今年5月31日，美国知名投行摩根士丹利曾公开将宁德时代评级下调至“underweight（低配）”，目标价为251元，仅为当时股价的60%。摩根士丹利对此给出的理由是：新能源电池的中期前景已基本反映在股价中。同时，一些汽车厂商正在积极推进内部电池计划，这将减少对供应商的依赖。\n东兴证券报告认为，动力电池行业具有“三高”属性：高资本投入、高技术壁垒和高不确定性。当下，整车企业与动力电池供应商正在竞争与合作之中，打响有关动力电池的话语权之争。\n撸起袖子自己干\n随着电动汽车进入大规模推广期，有着电动车“心脏”之称的动力电池在产业链中的地位愈发重要，围绕其展开的博弈也日渐激烈。\n数据显示，传统燃油车动力总成系统（发动机+传动系统）成本占整车成本的约25%，而新能源车的三电系统（电池+电机+电控）占整车成本高达52%，其中仅电池系统一项就可达整车成本的三分之一到四分之一。\n也正因新能源汽车核心技术的转变，令整车厂与动力电池供应商的关系变得“微妙”起来：在电动汽车应用推广初期，车企高度依赖动力电池企业，外购电池成为其电池供应的主要手段。\n但随着新能源汽车市场需求的持续扩张，国内外各大车企开始加大对电池供应的控制权。它们或同时与多家电池厂商合作，保障电池稳定供应；或通过与电池厂商合资建厂，进行深度协作；更有企业开始着手自研技术、自建电池厂，以期实现电池自给自足。\n“主机厂要不要建电池厂，取决于它的需求量，只有电池需求量足够大的时候才会考虑独立建设电池厂，并且还要能够保持连续的技术进步。就像现在我们看到很多乘用车公司都是自己做发动机一样。”国家电动乘用车技术创新联盟技术委员会主任、国家新能源汽车创新工程专家组组长王秉刚表示。\n事实上，近两年来整车厂因动力电池供应不足而被迫推迟量产车计划的事情时有发生。这种被电池“限制”的状况正加快整车厂自建电池厂的进程。包括大众集团、奔驰、通用、吉利、长城等车企在内，越来越多的主机厂加入到自建电池工厂的行列中来。\n有观点认为，车企自建电池工厂，可以加深对于整个动力电池产业链的深度整合。一方面可以打通动力电池上游材料产业链，与其展开直接合作也将一定程度降低采购成本；另一方面可以将真正的价值从产业链传递给消费者，提高市场竞争力。此外，车企下场造电池也可降低因动力电池产能不足而引发的生产与销售风险，通过主动布局拉低成本。\n竞争or合作？\n尽管不少车企已着手自建电池工厂，但另一边与电池供应商的合作却从未停止。例如与动力电池企业蜂巢能源同属长城控股旗下的长城汽车，近期就与宁德时代签署了十年长期战略合作框架协议。戴姆勒的情况也与之相似，尽管斥资9亿元入股国内软包电池企业孚能科技，也不时曝出自研电池传闻，但5月戴姆勒宣布与宁德时代加强合作，戴姆勒电动卡车计划从2024年起使用宁德时代的电池，供应期将持续到2030年。\n与成熟的动力电池生产企业相比，车企自建电池工厂需解决多方难题。“首先很有可能会出现因技术不成熟造成高端产能不足低端产能过剩的情况；另外动力电池研发制造生产周期长，倘若无法形成规模量产，车企需承担巨额的研发费用。”全国乘用车市场信息联席会秘书长崔东树表示。\n确如崔东树所言，动力电池行业在技术、品牌、规模和资金方面均存在较高进入壁垒。技术层面，材料、电芯、模组、电池包、电池管理系统的研发和生产均对技术有较高要求，如果相应核心技术储备不足，电池生产企业将很难产出有竞争优势的产品。\n面对快速更新迭代的技术，持续研发投入是关键。以宁德时代为例，公开资料显示，2020年宁德时代研发投入35.69亿元，研发投入占营收的比重为7%；2015~2020年研发投入平均占比为6.8%；截至2020年末，宁德时代共有研发技术人员5592名，宁德时代及其子公司共拥有2969项境内专利及348项境外专利，正申请的专利合计3454项。\n福特汽车首席产品开发和采购官唐浩泰认为，与独立供应商签订合同制造零部件的传统模式更适合车企的电芯需求。自研电芯会耗费很大成本，且不一定能确保电池的及时供应；在电池技术上进行大笔投资有同样风险，市场上任何新技术的突破都可能使其被淘汰。\n不仅如此，生产成本和规模也是整车企业自建电池工厂必须跨过的“坎”。其中，制造动力电池所涉及的成本包含研发投入、工厂建设、供应链建立、试错成本等多个方面。仅以建设成本计算，2021年第一季度国内电池行业统计数据显示，20余家企业投资的电池产能约350GWh，对应建设资金达到1600亿元，平均1GWh产能的投资成本为4.57亿元。\n全球汽车零部件巨头博世此前就曾公开表示，因市场、技术、成本、投资等原因放弃自制动力电池单元，转而通过外购电池单元及自身强大的电池管理系统技术与系统集成能力来为客户提供完整的电池系统。\n有观点认为，长远来看，如果电动车的未来销量远不及预期，那么目前自建电池工厂投入的产能无疑将成为车企的负担。此外，电池制造商研发投入巨大但可凭借庞大的装机量摊薄成本，车企自研电池若仅为自用，价格优势并不明显，若想推广也面临一定门槛。\n“个人认为，未来的电池供应会走向多元化，车企自建电池厂、采购电池、与供应商合建电池厂，以及这三种模式混搭等形式将长期存在。可以肯定的是，车企对于电池会越来越重视，将促进行业竞争与业态融合。虽然车企都想控制‘三电’、降低成本、增加话语权，我个人还是建议专业化分工、协同融合为优。” 中关村新型电池技术创新联盟秘书长、电池百人会理事长于清教表示。","news_type":1,"symbols_score_info":{"300750":0.9}},"isVote":1,"tweetType":1,"viewCount":4669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125130358,"gmtCreate":1624663129674,"gmtModify":1703842914442,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Uolp","listText":"Uolp","text":"Uolp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125130358","repostId":"1179112703","repostType":4,"repost":{"id":"1179112703","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624641115,"share":"https://ttm.financial/m/news/1179112703?lang=en_US&edition=fundamental","pubTime":"2021-06-26 01:11","market":"us","language":"zh","title":"Missfresh, the \"first fresh food stock,\" opened below its issue price, falling more than 18% in early trading.","url":"https://stock-news.laohu8.com/highlight/detail?id=1179112703","media":"老虎资讯综合","summary":"截止2021年3月31日的三个月，每日优鲜净营收为15.302亿元。","content":"<p>On June 25, the \"first fresh food e-commerce stock\"<a href=\"https://laohu8.com/S/MF\">Missfresh</a>The company officially listed on the US stock market with an IPO price of $13. It opened at $10.65 today, a drop of more than 18% in early trading, and its total market capitalization exceeded $2.5 billion.</p><p><img src=\"https://static.tigerbbs.com/a26741e6bf10a3c331c1b43354d5e31c\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>In this IPO, Missfresh issued a total of 21 million American Depositary Shares (ADSs) (including 24.15 million greenshoes). Based on the issue price of US$13, Missfresh's IPO will raise approximately US$300 million.</p><p>At the listing ceremony, Xu Zheng, founder and CEO of Missfresh, said that going public is not Missfresh's goal or end, but a new starting point for us to fulfill our mission and realize our vision. The digitalization of community retail has reached the eve of a major explosion, and facing the second half of the competition, Missfresh will never stop exploring the community retail industry.</p><p><img src=\"https://static.tigerbbs.com/8a45b68d6410257cdce765e8be0dc67b\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p><p><b>The company is developing a 10 trillion yuan community retail market, with the main model being (A+B) x N.</b></p><p>Missfresh was founded in October 2014. Its founders, Xu Zheng and Zeng Bin, had previously...<a href=\"https://laohu8.com/S/00992\">Lenovo Group</a>He worked there for over ten years and became a senior executive at Lenovo Joyvio Group. In May 2015, Missfresh pioneered its pre-warehouse instant retail business, becoming a mobile e-commerce platform focused on providing consumers with high-quality fresh produce, covering all categories including fruits and vegetables, seafood, meat and poultry, dairy and snacks. As of March 31, 2021, Missfresh had established 631 pre-positioned warehouses in 16 cities in China, with a cumulative transaction volume of over 31 million users and an average delivery time of 39 minutes.</p><p>On June 9th, Missfresh officially submitted its prospectus to the U.S. Securities and Exchange Commission. The most interesting part of the prospectus details its updated (A+B)XN strategy this year.<b>A: Front-end warehouse instant retail, B: Smart market, N: Retail cloud</b>This reveals its ambitions in the larger community retail sector. Compared to the past, more people's understanding of Missfresh is still limited to online fresh food shopping. However, on the eve of its IPO, Missfresh quietly announced its platform-based model. Missfresh's transformation from a vertical self-operated company to a platform-based company is actually a shift from a trading company to a road-building company, and it also places itself in a larger market.</p><p><img src=\"https://static.tigerbbs.com/9f1b9b7e8f3af7ffa0d9b3758f5340ef\" tg-width=\"550\" tg-height=\"698\" referrerpolicy=\"no-referrer\"></p><p>Missfresh's diversified layout breaks through its limited definition of \"fresh food e-commerce\". In the future, Missfresh will continue to leverage its advantages and pay close attention to market trends, leveraging its strengths and following the trend.</p><p>According to the prospectus, Missfresh's net revenue was approximately RMB 3.5467 billion in 2018, increased to RMB 6.0014 billion in 2019, and reached RMB 6.1304 billion in 2020. For the three months ended March 31, 2020, Missfresh's net revenue was RMB 1.6898 billion, and for the three months ended March 31, 2021, net revenue was RMB 1.5302 billion. GMV increased from RMB 4.7259 billion in 2018 to RMB 7.614.7 billion in 2020, with a compound annual growth rate of 26.9%. Data shows that the average order value of Missfresh's forward warehouse instant retail is 94.6 yuan.</p><p>Missfresh pioneered the pre-warehouse model in May 2015. Currently, it has opened 631 pre-warehouses in 16 first- and second-tier cities across the country, providing consumers with more than 4,300 express delivery products with an average delivery time of 39 minutes. Currently, it has more than 31 million transaction users and a GMV of 7.6 billion yuan in 2020. In the second half of 2020, Missfresh launched its smart farmers' market business, planning to promote the standardization of farmers' markets and upgrade them to small fresh food community shopping malls. As of May 31, 2021, it had signed operating agreements with 54 farmers' markets in 14 cities and was operating in 33 farmers' markets in 10 cities.</p><p>In addition, according to the prospectus, Missfresh's average order value of RMB 94.6 is the highest in the industry, its fulfillment expense ratio has continued to decline from 34.9% in 2018 to 25.7% in 2020, and its fulfillment profit margin (gross profit margin minus fulfillment expense ratio) is higher than the industry average.</p><p><b>Community retail digitalization is on the eve of a major explosion.</b></p><p>In terms of users, from 2018 to 2020, Missfresh had 5.1 million, 7.2 million and 8.7 million active users respectively, with an average spending of 558.0 yuan, 690.4 yuan and 712.8 yuan. Given that Missfresh defines effective users as \"transaction users whose product payments after deducting discounts and coupons exceed the cost of selling the relevant products,\" it therefore has a group of positive profit-contributing users whose number and transaction volume are increasing year by year.</p><p><img src=\"https://static.tigerbbs.com/d67526d2a1198afcce6a244be378ea5f\" tg-width=\"590\" tg-height=\"353\" referrerpolicy=\"no-referrer\"></p><p>In addition, Missfresh's average order value is 94.6 yuan, which is higher than other forward warehouse companies in the industry. The proportion of its core users (users who place orders four or more times within at least one month in a given year) among transaction users increased from 14.9% in 2018 to 21.1% in 2020. As of March 31, 2021, the annual consumption of core users reached 2,106 yuan.</p><p>In his speech, Xu Zheng mentioned, \"Although today is an important moment in Youshion's seven years of entrepreneurship, as a company that aims to create value continuously, aggressively, and in the long term, I hope that every Youshion employee can maintain the entrepreneurial mindset of Always Day One.\"</p><p>He stated that as a company that aims to pursue long-term value, MissFresh will maintain the \"always day one\" mentality, continue to explore the field of digital community retail, enable more families to enjoy a high-quality shopping experience, and help more merchants achieve efficient management and operation.</p><p>The digitalization of community retail is the largest and fastest-growing market in China in the future. According to data from iResearch Consulting, the scale of the community retail industry is expected to increase from 11.9 trillion yuan to 15.7 trillion yuan from 2020 to 2025, while the online penetration rate of community retail will increase from 20.9% to 45.5%. This means that by 2025, the scale of China's digital community retail industry will reach 7.2 trillion yuan.</p><p>As Xu Zheng said, going public is a new starting point. The digitalization of community retail has reached the eve of a major explosion. In the second half of the competition, community retail platforms are facing not only a battle for business, but also a battle for capital.</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>Missfresh, the \"first fresh food stock,\" opened below its issue price, falling more than 18% in early 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: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMissfresh, the \"first fresh food stock,\" opened below its issue price, falling more than 18% in early trading.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-26 01:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 25, the \"first fresh food e-commerce stock\"<a href=\"https://laohu8.com/S/MF\">Missfresh</a>The company officially listed on the US stock market with an IPO price of $13. It opened at $10.65 today, a drop of more than 18% in early trading, and its total market capitalization exceeded $2.5 billion.</p><p><img src=\"https://static.tigerbbs.com/a26741e6bf10a3c331c1b43354d5e31c\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>In this IPO, Missfresh issued a total of 21 million American Depositary Shares (ADSs) (including 24.15 million greenshoes). Based on the issue price of US$13, Missfresh's IPO will raise approximately US$300 million.</p><p>At the listing ceremony, Xu Zheng, founder and CEO of Missfresh, said that going public is not Missfresh's goal or end, but a new starting point for us to fulfill our mission and realize our vision. The digitalization of community retail has reached the eve of a major explosion, and facing the second half of the competition, Missfresh will never stop exploring the community retail industry.</p><p><img src=\"https://static.tigerbbs.com/8a45b68d6410257cdce765e8be0dc67b\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p><p><b>The company is developing a 10 trillion yuan community retail market, with the main model being (A+B) x N.</b></p><p>Missfresh was founded in October 2014. Its founders, Xu Zheng and Zeng Bin, had previously...<a href=\"https://laohu8.com/S/00992\">Lenovo Group</a>He worked there for over ten years and became a senior executive at Lenovo Joyvio Group. In May 2015, Missfresh pioneered its pre-warehouse instant retail business, becoming a mobile e-commerce platform focused on providing consumers with high-quality fresh produce, covering all categories including fruits and vegetables, seafood, meat and poultry, dairy and snacks. As of March 31, 2021, Missfresh had established 631 pre-positioned warehouses in 16 cities in China, with a cumulative transaction volume of over 31 million users and an average delivery time of 39 minutes.</p><p>On June 9th, Missfresh officially submitted its prospectus to the U.S. Securities and Exchange Commission. The most interesting part of the prospectus details its updated (A+B)XN strategy this year.<b>A: Front-end warehouse instant retail, B: Smart market, N: Retail cloud</b>This reveals its ambitions in the larger community retail sector. Compared to the past, more people's understanding of Missfresh is still limited to online fresh food shopping. However, on the eve of its IPO, Missfresh quietly announced its platform-based model. Missfresh's transformation from a vertical self-operated company to a platform-based company is actually a shift from a trading company to a road-building company, and it also places itself in a larger market.</p><p><img src=\"https://static.tigerbbs.com/9f1b9b7e8f3af7ffa0d9b3758f5340ef\" tg-width=\"550\" tg-height=\"698\" referrerpolicy=\"no-referrer\"></p><p>Missfresh's diversified layout breaks through its limited definition of \"fresh food e-commerce\". In the future, Missfresh will continue to leverage its advantages and pay close attention to market trends, leveraging its strengths and following the trend.</p><p>According to the prospectus, Missfresh's net revenue was approximately RMB 3.5467 billion in 2018, increased to RMB 6.0014 billion in 2019, and reached RMB 6.1304 billion in 2020. For the three months ended March 31, 2020, Missfresh's net revenue was RMB 1.6898 billion, and for the three months ended March 31, 2021, net revenue was RMB 1.5302 billion. GMV increased from RMB 4.7259 billion in 2018 to RMB 7.614.7 billion in 2020, with a compound annual growth rate of 26.9%. Data shows that the average order value of Missfresh's forward warehouse instant retail is 94.6 yuan.</p><p>Missfresh pioneered the pre-warehouse model in May 2015. Currently, it has opened 631 pre-warehouses in 16 first- and second-tier cities across the country, providing consumers with more than 4,300 express delivery products with an average delivery time of 39 minutes. Currently, it has more than 31 million transaction users and a GMV of 7.6 billion yuan in 2020. In the second half of 2020, Missfresh launched its smart farmers' market business, planning to promote the standardization of farmers' markets and upgrade them to small fresh food community shopping malls. As of May 31, 2021, it had signed operating agreements with 54 farmers' markets in 14 cities and was operating in 33 farmers' markets in 10 cities.</p><p>In addition, according to the prospectus, Missfresh's average order value of RMB 94.6 is the highest in the industry, its fulfillment expense ratio has continued to decline from 34.9% in 2018 to 25.7% in 2020, and its fulfillment profit margin (gross profit margin minus fulfillment expense ratio) is higher than the industry average.</p><p><b>Community retail digitalization is on the eve of a major explosion.</b></p><p>In terms of users, from 2018 to 2020, Missfresh had 5.1 million, 7.2 million and 8.7 million active users respectively, with an average spending of 558.0 yuan, 690.4 yuan and 712.8 yuan. Given that Missfresh defines effective users as \"transaction users whose product payments after deducting discounts and coupons exceed the cost of selling the relevant products,\" it therefore has a group of positive profit-contributing users whose number and transaction volume are increasing year by year.</p><p><img src=\"https://static.tigerbbs.com/d67526d2a1198afcce6a244be378ea5f\" tg-width=\"590\" tg-height=\"353\" referrerpolicy=\"no-referrer\"></p><p>In addition, Missfresh's average order value is 94.6 yuan, which is higher than other forward warehouse companies in the industry. The proportion of its core users (users who place orders four or more times within at least one month in a given year) among transaction users increased from 14.9% in 2018 to 21.1% in 2020. As of March 31, 2021, the annual consumption of core users reached 2,106 yuan.</p><p>In his speech, Xu Zheng mentioned, \"Although today is an important moment in Youshion's seven years of entrepreneurship, as a company that aims to create value continuously, aggressively, and in the long term, I hope that every Youshion employee can maintain the entrepreneurial mindset of Always Day One.\"</p><p>He stated that as a company that aims to pursue long-term value, MissFresh will maintain the \"always day one\" mentality, continue to explore the field of digital community retail, enable more families to enjoy a high-quality shopping experience, and help more merchants achieve efficient management and operation.</p><p>The digitalization of community retail is the largest and fastest-growing market in China in the future. According to data from iResearch Consulting, the scale of the community retail industry is expected to increase from 11.9 trillion yuan to 15.7 trillion yuan from 2020 to 2025, while the online penetration rate of community retail will increase from 20.9% to 45.5%. This means that by 2025, the scale of China's digital community retail industry will reach 7.2 trillion yuan.</p><p>As Xu Zheng said, going public is a new starting point. The digitalization of community retail has reached the eve of a major explosion. In the second half of the competition, community retail platforms are facing not only a battle for business, but also a battle for capital.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/26dac0b9aef9b62cf45137413315ab61","relate_stocks":{"MF":"MindForge Inc."},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179112703","content_text":"6月25日，“生鲜电商第一股”每日优鲜正式登陆美股，公司IPO定价13美元，今日开盘报10.65美元，盘初跌幅超18%，总市值超25亿美元。\n\n每日优鲜在本次IPO中总计发行2100万股（含绿鞋2415万股）美国存托股票（ADS），以13美元发行价计算，每日优鲜IPO募资额约为3亿美元。\n每日优鲜创始人兼CEO徐正在上市仪式上表示，上市并不是每日优鲜的目标和终点，而是我们践行使命、实现愿景的新起点。社区零售数字化已经来到大爆发的前夜，面临着下半场的竞争，每日优鲜将永无止境地在社区零售的行业探索。\n\n布局10万亿的社区零售市场，主要模式为（A+B）x N\n每日优鲜成立于2014年10月，创始人徐正和曾斌此前曾在联想集团供职十余年，并出任联想佳沃集团高管。2015年5月，每日优鲜首创前置仓即时零售业务，成为一家专注于为消费者提供优质生鲜的移动电商，覆盖水果蔬菜、海鲜肉禽、牛奶零食等全品类。截至2021年3月31日，每日优鲜已在中国16个城市建立了631个前置仓，累计交易用户超3100万，并提供平均39分钟达的服务。\n6月9日，每日优鲜正式向美国证券交易委员会递交招股说明书，其中最有意思的部分则是详细展示了今年更新的（A+B）x N 战略（A：前置仓即时零售，B：智慧菜场，N：零售云），透露了其在更大的社区零售赛道中的野心。相比以往，更多人对每日优鲜的理解还停留在生鲜网购。但上市前夕的每日优鲜，悄然了宣告自己的平台化模式，每日优鲜从垂直自营公司到平台化的转型，其实就是从贸易型公司转向筑路型公司，而它也将自己置身于一个更大的市场里。\n\n每日优鲜的多元化布局，打破了其“生鲜电商”的局限定义，在未来每日优鲜会继续发挥自身的优势比并且时刻关注市场动向，发挥自身的优势，顺势而为。\n招股书数据显示，2018年，每日优鲜的净营收约为35.467亿元，2019年增至60.014亿元，2020年达到61.304亿元。截止2020年3月31日的三个月，每日优鲜的净营收为16.898亿元，截止2021年3月31日的三个月，净营收为15.302亿元。GMV从2018年的47.259亿元增长到2020年的76.147亿元人民币，复合年增长率为26.9%。数据显示，每日优鲜前置仓即时零售的平均客单价为94.6元。\n每日优鲜于2015年5月首创前置仓模式，目前已在全国16个一二线城市开设631个前置仓，为消费者提供超4300款极速达商品、平均39分钟达的服务。目前其累计交易用户3100多万，2020年GMV76亿元。2020年下半年，每日优鲜推出智慧菜场业务，计划推动菜市场标准化以及向小型生鲜社区商场升级。截至2021年5月31日，其已与14个城市的54家菜场签订运营协议，并在10个城市的33家菜场展开运营。\n另外，招股书数据显示，每日优鲜94.6元的平均客单价为行业最高，履约费用率从2018年的34.9%持续降至2020年的25.7%，履约利润率（毛利率扣除履约费用率）高于行业平均水平。\n社区零售数字化已经来到大爆发的前夜\n在用户方面，从2018年到2020年，每日优鲜有效用户数量分别为510万、720万和 870万，有效用户平均消费额别为558.0元、690.4元和712.8元。鉴于每日优鲜将有效用户定义为“扣除折扣和优惠券后产品付款大于相关销售产品成本的交易用户”，它因此拥有一批数量和交易额均逐年增加的正向利润贡献用户。\n\n此外，每日优鲜平均客单价为94.6元，高于行业其他前置仓企业。其核心用户（某一年份至少一个月内下单4次或以上的用户）在交易用户中的占比从2018年的14.9%，增加到2020年的21.1%，截至2021年3月31日，核心用户年消费额达2106元。\n徐正在演讲中提到，“尽管今天是优鲜创业7年来的重要时刻，但作为一家以持续地、疯狂地、长期地创造价值为目标的企业，我希望每个优鲜人都能保持Always Day One的创业心态。”\n他表示，作为一家以追求长期价值为目标的企业，每日优鲜会保持always day one的心态，继续在社区零售数字化领域做探索，让更多家庭享受到优质购物体验，帮助更多商家实现高效管理和运营。\n社区零售数字化是未来中国增量最大、增速最快的市场。根据艾瑞咨询数据，从2020年到2025年，社区零售行业规模预计会从11.9万亿增至15.7万亿，社区零售线上化渗透率则会从20.9%增至45.5%，这意味着到2025年，中国数字化社区零售的行业规模将达到7.2万亿。\n正如徐正所说，上市是新起点。社区零售数字化已经来到大爆发的前夜，在下半场的竞争中，社区零售平台们，面临的不仅仅是业务之争，还有资本之争。","news_type":1,"symbols_score_info":{"MF":0.9}},"isVote":1,"tweetType":1,"viewCount":4636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120279255,"gmtCreate":1624326215777,"gmtModify":1703833526024,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120279255","repostId":"2145703290","repostType":2,"repost":{"id":"2145703290","kind":"news","pubTimestamp":1624324980,"share":"https://ttm.financial/m/news/2145703290?lang=en_US&edition=fundamental","pubTime":"2021-06-22 09:23","market":"hk","language":"zh","title":"Guo Jiayao: Hong Kong stocks lack direction in the short term due to fluctuating external market conditions; Anta (02020.HK) issues a positive profit warning and has a promising outlook.","url":"https://stock-news.laohu8.com/highlight/detail?id=2145703290","media":"阿思达克财经新闻","summary":"外围走势持续反复，短期市况未有明确方向，预料指数继续于28,000至29,000点水平徘徊。市场预期安踏下半年业务表现保持稳健，公司将增加广告与推广投入，品牌销售额有望维持强劲增长。内地体育用品行业处于结构性增长阶段，安踏作为行业龙头受惠明显，前景值得乐观。","content":"<p><html><body><article>Guo Jiayao, Vice President of Zhenro Financial Business, said that U.S. stocks rebounded significantly on Monday as investors' concerns about the Federal Reserve's water tightening eased, financial stocks performed well, the Dow Jones Industrial Average closed up nearly 600 points, and the S&P 500 and Nasdaq also rose. The US dollar was under pressure, with the 10-year US Treasury yield rising to 1.50%, and gold and oil prices rebounding. Hong Kong stock depositary receipts showed a moderate upward trend, and the market is expected to open higher in the early session, following the overseas market. The mainland stock market developed individually, with the Shanghai Composite Index...<span>open low Gaozhou</span>The stock closed up 0.1%, with the combined turnover of the Shanghai and Shenzhen stock exchanges exceeding one trillion yuan.</p><p>Hong Kong stocks were pressured by external factors yesterday, with the index falling below several moving averages, while trading in the market remained active. External trends continue to fluctuate, with no clear direction for the short-term market, and the index is expected to continue to hover around 28,000 to 29,000 points.</p><p>Anta (02020.HK) also issued a profit warning, expecting its revenue to increase by no less than 50% year-on-year in the first half of the year; Operating profit growth of no less than 55%; Excluding Amer Sports joint ventures<span>Net profit</span>Growth shall not be less than 65%; The net profit growth of the Amer Sports joint venture was no less than 110%, exceeding market expectations. This was mainly supported by several factors, including the rebound in sales of Anta, FILA and other brands, continued improvement in retail discounts, improved operational efficiency of FILA and other brands, and the narrowing of the Amer Sports joint venture's losses to approximately RMB 440 million.</p><p>The market expects Anta's business performance to remain stable in the second half of the year, and the company will increase its investment in advertising and promotion, which is expected to maintain strong growth in brand sales. The mainland sporting goods industry is in a stage of structural growth, and Anta, as an industry leader, has benefited significantly, so its prospects are optimistic.</p><p>(I am a licensed holder of the China Securities Regulatory Commission (CSRC) and do not hold any of the aforementioned shares.) (Quote delay of at least fifteen minutes. Short selling data as of 16:25, June 21, 2021.)</p><p>Aastocks Financial News</p><p></article></body></html></p>","source":"tencent","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>Guo Jiayao: Hong Kong stocks lack direction in the short term due to fluctuating external market conditions; Anta (02020.HK) issues a positive profit warning and has a promising outlook.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGuo Jiayao: Hong Kong stocks lack direction in the short term due to fluctuating external market conditions; Anta (02020.HK) issues a positive profit warning and has a promising outlook.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">阿思达克财经新闻</strong><span class=\"h-time small\">2021-06-22 09:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article>Guo Jiayao, Vice President of Zhenro Financial Business, said that U.S. stocks rebounded significantly on Monday as investors' concerns about the Federal Reserve's water tightening eased, financial stocks performed well, the Dow Jones Industrial Average closed up nearly 600 points, and the S&P 500 and Nasdaq also rose. The US dollar was under pressure, with the 10-year US Treasury yield rising to 1.50%, and gold and oil prices rebounding. Hong Kong stock depositary receipts showed a moderate upward trend, and the market is expected to open higher in the early session, following the overseas market. The mainland stock market developed individually, with the Shanghai Composite Index...<span>open low Gaozhou</span>The stock closed up 0.1%, with the combined turnover of the Shanghai and Shenzhen stock exchanges exceeding one trillion yuan.</p><p>Hong Kong stocks were pressured by external factors yesterday, with the index falling below several moving averages, while trading in the market remained active. External trends continue to fluctuate, with no clear direction for the short-term market, and the index is expected to continue to hover around 28,000 to 29,000 points.</p><p>Anta (02020.HK) also issued a profit warning, expecting its revenue to increase by no less than 50% year-on-year in the first half of the year; Operating profit growth of no less than 55%; Excluding Amer Sports joint ventures<span>Net profit</span>Growth shall not be less than 65%; The net profit growth of the Amer Sports joint venture was no less than 110%, exceeding market expectations. This was mainly supported by several factors, including the rebound in sales of Anta, FILA and other brands, continued improvement in retail discounts, improved operational efficiency of FILA and other brands, and the narrowing of the Amer Sports joint venture's losses to approximately RMB 440 million.</p><p>The market expects Anta's business performance to remain stable in the second half of the year, and the company will increase its investment in advertising and promotion, which is expected to maintain strong growth in brand sales. The mainland sporting goods industry is in a stage of structural growth, and Anta, as an industry leader, has benefited significantly, so its prospects are optimistic.</p><p>(I am a licensed holder of the China Securities Regulatory Commission (CSRC) and do not hold any of the aforementioned shares.) (Quote delay of at least fifteen minutes. Short selling data as of 16:25, June 21, 2021.)</p><p>Aastocks Financial News</p><p></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021062209244879c9227f&s=b\">阿思达克财经新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/39a199af535042dfebd27ef56f398707","relate_stocks":{"02020":"安踏体育"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021062209244879c9227f&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2145703290","content_text":"正荣金融业务部副总裁郭家耀称，美股周一显着反弹，投资者对联储局收水忧虑减退，金融股大幅造好，道指收市升近600点，标普500指数及纳指亦走势向上。美元表现受压，美国十年期债息回升至1.50厘水平，金价及油价展现反弹。港股预托证券温和向好，预料大市早段跟随外围高开。内地股市个别发展，沪综指低开高走，收市上升0.1%，沪深两市成交额超过万亿元水平。港股昨日跟随外围受压，指数失守多条移动平均线水平，大市成交保持活跃。外围走势持续反复，短期市况未有明确方向，预料指数继续于28,000至29,000点水平徘徊。另安踏(02020.HK)发出盈喜，预料上半年收入同比增长不低于50%；经营利润增长不低于55%；不包括亚玛芬合资公司的净利润增长不低于65%；包括亚玛芬合资公司的净利润增长不低于110%，业绩优于市场预期，主要由于多项因素支持，包括安踏品牌、斐乐品牌和其他品牌销售额回升，零售折扣持续改善，斐乐和其他品牌运营效率提升，以及亚玛芬合资公司的亏损收窄至约4.4亿元人民币。市场预期安踏下半年业务表现保持稳健，公司将增加广告与推广投入，品牌销售额有望维持强劲增长。内地体育用品行业处于结构性增长阶段，安踏作为行业龙头受惠明显，前景值得乐观。(笔者为证监会持牌人，没持有上述股份)(报价延迟最少十五分钟。沽空资料截至 2021-06-21 16:25。)阿思达克财经新闻","news_type":1,"symbols_score_info":{"02020":1}},"isVote":1,"tweetType":1,"viewCount":4920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167388120,"gmtCreate":1624247220060,"gmtModify":1703831500836,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167388120","repostId":"2145700986","repostType":4,"isVote":1,"tweetType":1,"viewCount":2418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165177469,"gmtCreate":1624112003851,"gmtModify":1703828966955,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165177469","repostId":"2144154703","repostType":4,"repost":{"id":"2144154703","kind":"highlight","pubTimestamp":1624085563,"share":"https://ttm.financial/m/news/2144154703?lang=en_US&edition=fundamental","pubTime":"2021-06-19 14:52","market":"hk","language":"zh","title":"SPACs, a global blind box game of wealth where people are feeling their way across the river.","url":"https://stock-news.laohu8.com/highlight/detail?id=2144154703","media":"智通财经网","summary":"这段时间，SPAC的狂热已经引起市场警惕，美国监管层正在有意进行监管规则的调整。长期来看，相关政策调整、流动性大幅收紧等都将是SPAC未来发展的重大不确定性因素。","content":"<p>After a booming first quarter, the frenzied SPAC market cooled down in just two months. After reaching a record high of 110 SPAC IPOs in March 2021, the number plummeted to 13 in April and 19 in May.<img src=\"https://static.tigerbbs.com/bcc02404cd4816379f86b57e2674e2aa\" tg-width=\"1080\" tg-height=\"616\" referrerpolicy=\"no-referrer\">Number of SPAC IPOs in the past year (Chart by Titanium Media)</p><p>The fierce influx of hot money has driven SPACs to surge since 2020, and now the market is beginning to return to normal. In 2020, a total of 248 SPACs went public on the U.S. stock market, raising a total of more than $84 billion, exceeding the total amount raised by SPACs in previous years. The market remained hot in the first quarter of 2021, with 308 SPAC IPOs, exceeding the total for the entire previous year, raising $99.6 billion, far exceeding traditional IPOs.</p><p>SPACs seem to be trending towards disrupting the traditional IPO market, but extremes always backfire, and signs of the market peaking are beginning to emerge. The recent frenzy surrounding SPACs has raised market concerns, and US regulators are intentionally adjusting regulatory rules. In the long run, policy adjustments and a significant tightening of liquidity will be major uncertainties for the future development of SPACs.</p><p>As an innovative financial instrument, there is equal support and opposition to SPACs. In fact, countries around the world, including the United States, are \"crossing the river by feeling the stones,\" and are generally in the process of exploration and improvement. Looking back at the history of SPACs, they have been adapting to the development of the capital market by continuously optimizing their systems and improving their trading rules.</p><p>A precipitous drop occurred, with the number of Spacipos falling from 110 to 14 in a single month.</p><p>In the past two months, the SEC (Securities and Exchange Commission) has issued new accounting guidelines for SPACs (Special Purpose Acquisition Companies), which have instantly calmed down the SPAC market. On April 12, the U.S. SEC announced that Warrants sold by SPACs should be classified as liabilities rather than equity.</p><p>A Warrant is a right that a public investor can exchange for one share of common stock at a fixed price in the future. From an accounting perspective, these types of warrants were previously classified as \"equity,\" and investors in SPACs purchased them at a specific price to obtain huge returns.</p><p>Since they are liabilities, the promoters need to regularly account for the value of the warrants, which clearly increases the procedural burden for SPAC promoters who seek simplicity. This means that if the value of warrants fluctuates significantly, the affected SPACs will have to restate their financial performance. In other words, if you have already completed your financial statements, initiated a reverse merger and acquisition application, and begun the merger and acquisition process, then you may need to redo your financial statements in accordance with the new requirements.</p><p>The impact of this move on the market was like pouring cold water on its head. Statistics show that the number of newly established SPACs plummeted in April, from a historical peak of 110 in March to 13 in April, and only 19 in May. Many companies have suspended their SPAC listing applications and begun to readjust their accounting standards.</p><p>Since 2020, the SPAC market has been booming like never before, raising the alarm of overseas regulators. The SEC had previously warned SPAC investors multiple times. In early April, an SEC official said that SPACs had \"some significant but undiscovered\" problems.</p><p>In March, the SEC warned investors that they should not invest in SPACs simply because they are celebrities among their sponsors. Some market analysts have even called SPACs \"the crystallization of wisdom in this era of short-sighted IPOs, a solution after a large number of unicorns were accumulated during the era of massive monetary easing over the past decade, and the king of this round of bubbles.\"</p><p>\"In the past, going public to raise money required going through the IPO process. Why not just give out accounts to retail investors?\", \"Capital's empty promise game is essentially just exploiting retail investors\", \"Getting something for nothing\". This has always been a blind box game for ordinary investors' wealth. SPAC listed car companies have become the hardest hit by collapses. There are widespread doubts about SPACs, this new type of financial instrument.</p><p>In the wealth blind box game, SPAC-listed automakers have become the hardest hit by collapses.</p><p>Beyond the regulatory blow, the brutal market is also becoming an alchemical stone for SPACs. Recently, several new energy vehicle companies in the United States have been exposed for alleged fraud. Most of them went public in 2020 through the SPAC model, and then collapsed one after another within about six months.</p><p>On June 16, according to foreign media reports, Lordstown Motors, a US-listed startup new energy vehicle company, announced that its CEO Steve Burns and CFO Julio Rodriguez have resigned. In October 2020, Lordstown went public on the Nasdaq Stock Exchange through a SPAC under the ticker symbol \"RIDE\".</p><p>On its first day of trading, Lordstown's stock price rose by nearly 20%, but in March of this year, short-selling firm Hindenburg Research accused Lordstown of using fake orders to raise funds for its Endurance electric pickup truck. The pickup truck will still be several years away from production, but Lordstown insists that production of the model will begin as planned in September.</p><p>Six months seems to have become a life-or-death criterion for SPAC listed companies. In March 2020, it was regarded by the industry as the \"truck industry\".<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Nikola Corp. announced its IPO through a reverse merger and Acquisition with SPAC company VectorIQ Acquisition Corp. The deal brings NikolaCorp.'s corporate market capitalization to $3.3 billion and raises approximately $525 million in working capital.</p><p>Just six months after its listing, Nikola Corp. collapsed. In September 2020, Hindenburg Research released a report stating that Nikola Corp. was suspected of falsifying products and technologies. Not only did the company not master the manufacturing technology for hydrogen fuel cells, but it also made dozens of false statements in many aspects, including its semi-trailer trucks, battery technology, hydrogen production, Nikola One, and even its multi-billion dollar orders. Following the release of the report, Nikola Executive Chairman Trevor Milton announced his resignation.</p><p>The collective resignation of the company's senior executives could not save the plummeting stock price. Currently, Nikola Corp.'s stock price is hovering around $15 per share, a drop of nearly 80% from its peak price of $66 per share before being shorted.<img src=\"https://static.tigerbbs.com/9ec57d3a166878fc396f28f04648875f\" tg-width=\"913\" tg-height=\"555\" referrerpolicy=\"no-referrer\">Nicholas Corp. Stock price trend</p><p>The streamlined listing process and more lenient review standards have always been the main reasons why the SPAC model is so popular in the market. However, this is also a double-edged sword. Due to the simple listing process and relatively lax regulation, the SPAC listing model lacks the strict oversight of investment banks, thus harboring significant risks, such as false capital injection by the listed target and business entities not complying with listing regulations.</p><p>The potential for high returns is very attractive to founders and public investors, but the secrets to the SPAC wealth blind box game are only in the hands of a small number of people.</p><p>\"The essence of a SPAC is the monetization of the founder's resources. Therefore, the equity structure of a SPAC naturally gives the founder the investment leverage to acquire a higher proportion of equity at a lower cost,\" said the Sun Jinju research team at Open Source Securities. Founders can set up a SPAC with just $25,000, which translates to no more than 2 cents per share of common stock. However, \"the target of a SPAC acquisition is highly uncertain. Public investors are participating in a blind box game with high potential returns, and the success rate of the game depends on the SPAC founder.\"</p><p>Is the market about to peak? SPACs have been evolving over the past 30 years</p><p>As an innovative financial instrument, countries around the world, including the United States, are actually \"crossing the river by feeling the stones,\" and are generally in the process of exploration and improvement.</p><p>The past year has thrust SPACs into the spotlight of global capital markets. In 2020 alone, 248 SPACs went public, raising over $83 billion, accounting for half of all IPOs in the United States that year. In the first three months of this year, the number of SPACs listed and the amount of funds raised have exceeded the total amount of last year. Private equity giants, business tycoons, and celebrities have all gotten involved in SPACs, making this SPAC quickly \"go viral\".<img src=\"https://static.tigerbbs.com/e3935d6372e6d7a6d74f92c250589da9\" tg-width=\"648\" tg-height=\"368\" referrerpolicy=\"no-referrer\">In order to compete for high-quality companies, major exchanges around the world are also actively promoting and improving the SPAC mechanism.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>On March 31, a public consultation was launched regarding the introduction of the SPAC mechanism, and the SPAC framework is expected to be officially announced as early as mid-2021. Some media reports,<a href=\"https://laohu8.com/S/00388\">Hong Kong Stock Exchange</a>We are also considering developing a SPAC framework suitable for the Hong Kong market, with the goal of launching the first batch of SPACs by the end of the year. It is understood that Hong Kong regulators are considering formulating stricter rules than those in the United States.</p><p>With strong support from the global market, the momentum of SPACs has been unstoppable. Amidst the frenzy, the market seems to be showing signs of peaking. Co-founder of Marshall Wace, a hedge fund managing $55 billion in assets, based in the UK.<a href=\"https://laohu8.com/S/JRJC\">Financial world</a>Paul Marshall, a household name, warned about the SPAC bubble. He said, \"The SPAC phenomenon will end badly, and many people will suffer.\"</p><p>Two major investment giants in the global financial markets have been relentless in criticizing SPACs. \"Gambling with other people's money.\" At this year's shareholders' meeting, Buffett defined the SPAC listing mechanism in this way, while Munger directly called it a kind of \"easy money\" (ill-gotten gains). He doesn't like things that are used to deceive investors and exploit retail investors.</p><p>However, there are also voices of support in the market. Regarding the series of repressive measures taken by US regulators, a market observer named Steven Davidoff Solomon...<a href=\"https://laohu8.com/S/NYT\">New York times</a>The article states that although some SPACs are too aggressive or go public too early, or even announce erroneous and false business plans, it cannot be denied that SPACs have revived the IPO market for small and emerging growth companies over the past 20 years.</p><p>Since GKN Securities launched SPACs into the market in 1993, nearly 30 years ago, the trading rules and regulations for SPACs have been constantly being adjusted and improved. For example, the recent deal between another hedge fund tycoon, Bill Ackman, and Universal Music, which has attracted much attention. Media reports indicate that Ackman's SPAC, Pershing Square Tontine Holding (PSTH), is in talks with Universal Music regarding a merger. This could be the largest deal in the SPAC frenzy, with the combined company valued at $40 billion.</p><p>In this transaction, Ackman created a new type of SPAC called SPARC (Special Purpose Acquisition Rights Company), which addresses some of the current shortcomings of SPACs, such as not tiing up investor funds until the transaction is completed. This is considered the third generation evolution of SPACs.</p><p>In the long run, the Federal Reserve's rate hike policy is also a sharp sword hanging over SPACs. Once a liquidity tightening occurs, the secondary market tide will recede, and the naked swimmers will also surface. Although the Federal Reserve announced on June 16 that it would maintain the Federal Funds rate target range at 0-0.25%, which was in line with market expectations. However, most Federal Reserve officials predict that rate hike will arrive as early as 2023.</p>","source":"highlight_zhitongcaijin","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>SPACs, a global blind box game of wealth where people are feeling their way across the river.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSPACs, a global blind box game of wealth where people are feeling their way across the river.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-06-19 14:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a booming first quarter, the frenzied SPAC market cooled down in just two months. After reaching a record high of 110 SPAC IPOs in March 2021, the number plummeted to 13 in April and 19 in May.<img src=\"https://static.tigerbbs.com/bcc02404cd4816379f86b57e2674e2aa\" tg-width=\"1080\" tg-height=\"616\" referrerpolicy=\"no-referrer\">Number of SPAC IPOs in the past year (Chart by Titanium Media)</p><p>The fierce influx of hot money has driven SPACs to surge since 2020, and now the market is beginning to return to normal. In 2020, a total of 248 SPACs went public on the U.S. stock market, raising a total of more than $84 billion, exceeding the total amount raised by SPACs in previous years. The market remained hot in the first quarter of 2021, with 308 SPAC IPOs, exceeding the total for the entire previous year, raising $99.6 billion, far exceeding traditional IPOs.</p><p>SPACs seem to be trending towards disrupting the traditional IPO market, but extremes always backfire, and signs of the market peaking are beginning to emerge. The recent frenzy surrounding SPACs has raised market concerns, and US regulators are intentionally adjusting regulatory rules. In the long run, policy adjustments and a significant tightening of liquidity will be major uncertainties for the future development of SPACs.</p><p>As an innovative financial instrument, there is equal support and opposition to SPACs. In fact, countries around the world, including the United States, are \"crossing the river by feeling the stones,\" and are generally in the process of exploration and improvement. Looking back at the history of SPACs, they have been adapting to the development of the capital market by continuously optimizing their systems and improving their trading rules.</p><p>A precipitous drop occurred, with the number of Spacipos falling from 110 to 14 in a single month.</p><p>In the past two months, the SEC (Securities and Exchange Commission) has issued new accounting guidelines for SPACs (Special Purpose Acquisition Companies), which have instantly calmed down the SPAC market. On April 12, the U.S. SEC announced that Warrants sold by SPACs should be classified as liabilities rather than equity.</p><p>A Warrant is a right that a public investor can exchange for one share of common stock at a fixed price in the future. From an accounting perspective, these types of warrants were previously classified as \"equity,\" and investors in SPACs purchased them at a specific price to obtain huge returns.</p><p>Since they are liabilities, the promoters need to regularly account for the value of the warrants, which clearly increases the procedural burden for SPAC promoters who seek simplicity. This means that if the value of warrants fluctuates significantly, the affected SPACs will have to restate their financial performance. In other words, if you have already completed your financial statements, initiated a reverse merger and acquisition application, and begun the merger and acquisition process, then you may need to redo your financial statements in accordance with the new requirements.</p><p>The impact of this move on the market was like pouring cold water on its head. Statistics show that the number of newly established SPACs plummeted in April, from a historical peak of 110 in March to 13 in April, and only 19 in May. Many companies have suspended their SPAC listing applications and begun to readjust their accounting standards.</p><p>Since 2020, the SPAC market has been booming like never before, raising the alarm of overseas regulators. The SEC had previously warned SPAC investors multiple times. In early April, an SEC official said that SPACs had \"some significant but undiscovered\" problems.</p><p>In March, the SEC warned investors that they should not invest in SPACs simply because they are celebrities among their sponsors. Some market analysts have even called SPACs \"the crystallization of wisdom in this era of short-sighted IPOs, a solution after a large number of unicorns were accumulated during the era of massive monetary easing over the past decade, and the king of this round of bubbles.\"</p><p>\"In the past, going public to raise money required going through the IPO process. Why not just give out accounts to retail investors?\", \"Capital's empty promise game is essentially just exploiting retail investors\", \"Getting something for nothing\". This has always been a blind box game for ordinary investors' wealth. SPAC listed car companies have become the hardest hit by collapses. There are widespread doubts about SPACs, this new type of financial instrument.</p><p>In the wealth blind box game, SPAC-listed automakers have become the hardest hit by collapses.</p><p>Beyond the regulatory blow, the brutal market is also becoming an alchemical stone for SPACs. Recently, several new energy vehicle companies in the United States have been exposed for alleged fraud. Most of them went public in 2020 through the SPAC model, and then collapsed one after another within about six months.</p><p>On June 16, according to foreign media reports, Lordstown Motors, a US-listed startup new energy vehicle company, announced that its CEO Steve Burns and CFO Julio Rodriguez have resigned. In October 2020, Lordstown went public on the Nasdaq Stock Exchange through a SPAC under the ticker symbol \"RIDE\".</p><p>On its first day of trading, Lordstown's stock price rose by nearly 20%, but in March of this year, short-selling firm Hindenburg Research accused Lordstown of using fake orders to raise funds for its Endurance electric pickup truck. The pickup truck will still be several years away from production, but Lordstown insists that production of the model will begin as planned in September.</p><p>Six months seems to have become a life-or-death criterion for SPAC listed companies. In March 2020, it was regarded by the industry as the \"truck industry\".<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Nikola Corp. announced its IPO through a reverse merger and Acquisition with SPAC company VectorIQ Acquisition Corp. The deal brings NikolaCorp.'s corporate market capitalization to $3.3 billion and raises approximately $525 million in working capital.</p><p>Just six months after its listing, Nikola Corp. collapsed. In September 2020, Hindenburg Research released a report stating that Nikola Corp. was suspected of falsifying products and technologies. Not only did the company not master the manufacturing technology for hydrogen fuel cells, but it also made dozens of false statements in many aspects, including its semi-trailer trucks, battery technology, hydrogen production, Nikola One, and even its multi-billion dollar orders. Following the release of the report, Nikola Executive Chairman Trevor Milton announced his resignation.</p><p>The collective resignation of the company's senior executives could not save the plummeting stock price. Currently, Nikola Corp.'s stock price is hovering around $15 per share, a drop of nearly 80% from its peak price of $66 per share before being shorted.<img src=\"https://static.tigerbbs.com/9ec57d3a166878fc396f28f04648875f\" tg-width=\"913\" tg-height=\"555\" referrerpolicy=\"no-referrer\">Nicholas Corp. Stock price trend</p><p>The streamlined listing process and more lenient review standards have always been the main reasons why the SPAC model is so popular in the market. However, this is also a double-edged sword. Due to the simple listing process and relatively lax regulation, the SPAC listing model lacks the strict oversight of investment banks, thus harboring significant risks, such as false capital injection by the listed target and business entities not complying with listing regulations.</p><p>The potential for high returns is very attractive to founders and public investors, but the secrets to the SPAC wealth blind box game are only in the hands of a small number of people.</p><p>\"The essence of a SPAC is the monetization of the founder's resources. Therefore, the equity structure of a SPAC naturally gives the founder the investment leverage to acquire a higher proportion of equity at a lower cost,\" said the Sun Jinju research team at Open Source Securities. Founders can set up a SPAC with just $25,000, which translates to no more than 2 cents per share of common stock. However, \"the target of a SPAC acquisition is highly uncertain. Public investors are participating in a blind box game with high potential returns, and the success rate of the game depends on the SPAC founder.\"</p><p>Is the market about to peak? SPACs have been evolving over the past 30 years</p><p>As an innovative financial instrument, countries around the world, including the United States, are actually \"crossing the river by feeling the stones,\" and are generally in the process of exploration and improvement.</p><p>The past year has thrust SPACs into the spotlight of global capital markets. In 2020 alone, 248 SPACs went public, raising over $83 billion, accounting for half of all IPOs in the United States that year. In the first three months of this year, the number of SPACs listed and the amount of funds raised have exceeded the total amount of last year. Private equity giants, business tycoons, and celebrities have all gotten involved in SPACs, making this SPAC quickly \"go viral\".<img src=\"https://static.tigerbbs.com/e3935d6372e6d7a6d74f92c250589da9\" tg-width=\"648\" tg-height=\"368\" referrerpolicy=\"no-referrer\">In order to compete for high-quality companies, major exchanges around the world are also actively promoting and improving the SPAC mechanism.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>On March 31, a public consultation was launched regarding the introduction of the SPAC mechanism, and the SPAC framework is expected to be officially announced as early as mid-2021. Some media reports,<a href=\"https://laohu8.com/S/00388\">Hong Kong Stock Exchange</a>We are also considering developing a SPAC framework suitable for the Hong Kong market, with the goal of launching the first batch of SPACs by the end of the year. It is understood that Hong Kong regulators are considering formulating stricter rules than those in the United States.</p><p>With strong support from the global market, the momentum of SPACs has been unstoppable. Amidst the frenzy, the market seems to be showing signs of peaking. Co-founder of Marshall Wace, a hedge fund managing $55 billion in assets, based in the UK.<a href=\"https://laohu8.com/S/JRJC\">Financial world</a>Paul Marshall, a household name, warned about the SPAC bubble. He said, \"The SPAC phenomenon will end badly, and many people will suffer.\"</p><p>Two major investment giants in the global financial markets have been relentless in criticizing SPACs. \"Gambling with other people's money.\" At this year's shareholders' meeting, Buffett defined the SPAC listing mechanism in this way, while Munger directly called it a kind of \"easy money\" (ill-gotten gains). He doesn't like things that are used to deceive investors and exploit retail investors.</p><p>However, there are also voices of support in the market. Regarding the series of repressive measures taken by US regulators, a market observer named Steven Davidoff Solomon...<a href=\"https://laohu8.com/S/NYT\">New York times</a>The article states that although some SPACs are too aggressive or go public too early, or even announce erroneous and false business plans, it cannot be denied that SPACs have revived the IPO market for small and emerging growth companies over the past 20 years.</p><p>Since GKN Securities launched SPACs into the market in 1993, nearly 30 years ago, the trading rules and regulations for SPACs have been constantly being adjusted and improved. For example, the recent deal between another hedge fund tycoon, Bill Ackman, and Universal Music, which has attracted much attention. Media reports indicate that Ackman's SPAC, Pershing Square Tontine Holding (PSTH), is in talks with Universal Music regarding a merger. This could be the largest deal in the SPAC frenzy, with the combined company valued at $40 billion.</p><p>In this transaction, Ackman created a new type of SPAC called SPARC (Special Purpose Acquisition Rights Company), which addresses some of the current shortcomings of SPACs, such as not tiing up investor funds until the transaction is completed. This is considered the third generation evolution of SPACs.</p><p>In the long run, the Federal Reserve's rate hike policy is also a sharp sword hanging over SPACs. Once a liquidity tightening occurs, the secondary market tide will recede, and the naked swimmers will also surface. Although the Federal Reserve announced on June 16 that it would maintain the Federal Funds rate target range at 0-0.25%, which was in line with market expectations. However, most Federal Reserve officials predict that rate hike will arrive as early as 2023.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/497190.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4d8b4ef5e124da060f276a5c2f3dd5af","relate_stocks":{"TQQQ":"纳指三倍做多ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF","QID":"两倍做空纳斯达克指数ETF-ProShares","SQQQ":"纳指三倍做空ETF"},"source_url":"http://www.zhitongcaijing.com/content/detail/497190.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2144154703","content_text":"经历了一季度的火爆，短短2个月，狂热的SPAC就凉了。2021年3月，SPAC IPO数量攀至110个的历史顶峰之后，4月瞬间悬崖式下跌至13个，5月为19个。最近一年单月SPAC IPO数量,制图：钛媒体\n热钱凶猛，让SPAC从2020年开始一路狂奔，如今市场开始恢复常态。2020年一整年，共有248家SPAC公司在美股上市，募资总额达到840多亿美元，超过SPAC往年的IPO募资总和。2021年一季度市场依旧火爆，SPAC IPO数已达308起，超越去年全年总和，募资规模达996亿美元，远超传统IPO。\nSPAC似有颠覆传统IPO市场的趋势，但物极必反，市场见顶的迹象初露端倪。这段时间，SPAC的狂热已经引起市场警惕，美国监管层正在有意进行监管规则的调整。长期来看，相关政策调整、流动性大幅收紧等都将是SPAC未来发展的重大不确定性因素。\n作为一个创新型的金融工具，对SPAC支持和反对的声音同样高涨。事实上，包括美国在内的世界各国都在“摸着石头过河”，总体上，都处于探索、完善的过程。回顾SPAC的前世今生，SPAC一直在通过不断优化制度、完善交易规则来适应资本市场的发展。\n断崖式下跌，单月SPACIPO数量从110到14\n最近两个月，SEC(美国证券交易委员会)发布的一则针对SPAC(特殊目的收购公司)的新会计指南，让SPAC市场瞬间恢复了冷静。4月12日，美国SEC宣布SPAC出售的认股权证(Warrants)应分类为负债而不是股权。\nWarrant是公众投资人将来可以按固定价格兑换一股普通股的权利。从会计的角度上看，此前，该类认股权证被归为“股本”，SPAC的投资者以特定的价格购买以此获得巨大收益。\n既是负债，发起人就需要定期核算认股权证的价值，这明显给追求简便的SPAC发起人增加了手续上的负担。这意味着，如果认股权证的价值波动较大，受影响的SPAC将必须要重述他们的财务业绩。也就是说，如果你已经做完了财报，发起了反向并购申请，开始走并购程序，那么你可能要按照新要求重新做一遍财报。\n此举对市场的影响犹如当头泼了一盆冷水。统计显示，4月新设立的SPAC数量发生骤减，从3月的历史峰值110个断崖式下跌至4月的13个，5月也仅有19个。很多公司暂停了SPAC上市申请，并开始就会计准则作出了重新调整。\n2020年以来，SPAC市场空前火爆，已经引发海外监管机构的警惕，此前SEC就已多次警示SPAC的投资者，4月初，SEC的一位官员表示，SPAC存在“一些重大但尚未发现的”问题。\n3月，SEC曾警告投资者，投资SPAC不应仅因为SPAC发起人中的明星而进行投资。有市场人士更是称SPAC是“这个急功近利的IPO时代的智慧结晶，是过去十年大放水时代里囤积出大量独角兽后的解决方案，更是这一轮的泡沫之王”。\n“以前上市圈钱还走一下IPO流程，不如直接给韭菜发帐号吧”、“资本画饼游戏实质还是割韭菜”、“空手套白狼”，一直以来普通投资人财富盲盒游戏，SPAC上市车企已成爆雷重灾区对SPAC这种新型的金融工具的各种质疑普遍存在。\n财富盲盒游戏，SPAC上市车企已成爆雷重灾区\n监管的当头一棒之外，残酷的市场也正成为SPAC的炼金石。近日，美国多家新能源车企被曝涉嫌造假，其中大部分车企都是通过SPAC模式在2020年实现上市，而后在半年左右的时间内相继爆雷。\n6月16日，据外媒消息，美股上市初创新能源车企LordstownMotors宣布，公司首席执行官史蒂夫伯恩斯和首席财务官胡里奥罗德里格斯已经辞职。2020年10月，Lordstown通过SPAC在纳斯达克证券交易所上市，股票代码为 \"RIDE\"。\n上市首日，Lordstown股价一度上涨近20%，但今年3月，做空机构HindenburgResearch指控Lordstown使用虚假订单为其Endurance电动皮卡筹集资金。该款皮卡仍需要数年才能投入生产，但Lordstown坚称将在9月按计划开始生产该车型。\n半年似乎成了SPAC上市公司的一个生死命门。2020年3月，被业内视为“卡车界特斯拉”的Nikola Corp.宣布通过与SPAC公司VectorIQ Acquisition Corp.反向并购上市。该交易使NikolaCorp.的公司市值达到33亿美元，并筹集约5.25亿美元的运营资金。\n上市仅6个月后，Nikola Corp.爆雷。2020年9月，Hindenburg Research发布报告称， Nikola Corp.公司在产品及技术方面涉嫌造假，不仅该公司并未掌握氢燃料电池的制造技术，其半挂式卡车、电池技术、氢气生产、Nikola One甚至其数十亿美元大订单等诸多方面也存在数十个虚假声明。报告发布后，Nikola执行董事长Trevor Milton宣布了辞职。\n公司高层集体辞职，也拯救不了一路下跌的股价。目前，Nikola Corp.股价在15美元/股上下徘徊，相比被做空前66美元/股的峰值股价已跌去近80%。Nikola Corp.股价走势\n一直以来，上市程序更精简，审查标准更宽松都是SPAC模式备受市场推崇的主要原因。但这也是一把双刃剑，由于上市流程简单、监管相对较松，SPAC上市模式相对缺乏投资银行的严格把关，因而埋藏了较大风险，比如上市标的虚假注资、业务主体不合上市规范等。\n潜在高额回报对创始人和公众投资者具有很强的吸引力，但SPAC财富盲盒游戏的密码只掌握在一小部分人手里。\n“SPAC的本质是创始人的资源变现，因此SPAC在股权结构的设置上天然赋予了创始人以较低成本获取较高比例股权的投资杠杆。”开源证券孙金钜研究团队表示。创始人仅需2.5万美元即可成立一个SPAC，折算下来，普通股每股价格不超过2美分。但“SPAC收购标的具有高度不确定性，公众投资者参与的是潜在收益率颇高的盲盒游戏，而游戏的胜率取决于SPAC创始人”。\n市场快见顶了?30年间SPAC一直在不断演变\n作为一个创新型的金融工具，事实上包括美国在内的世界各国都在“摸着石头过河”，总体上，都处于探索、完善的过程。\n过去的一年把SPAC彻底推上了全球资本市场的风口浪尖。单是2020年一年，共有248家SPAC上市，募资超830亿美元，占美国全年IPO的半壁江山。今年前三个月，SPAC的上市数量和募资金额已经超过去年全年。PE巨头、商界大佬及明星富豪等纷纷涉足SPAC，让这场SPAC快速“出圈”。为了抢夺优质公司，世界各大交易所也在积极推进和完善SPAC机制。新加坡交易所3月31日就引入SPAC机制向公众展开了咨询，预计最快在2021年年中正式公布SPAC框架。有媒体报道，香港交易所也正考虑制定适合香港市场的SPAC框架，目标是在年底迎来首批SPAC。据悉，香港监管机构考虑制定比美国更严格的规则。\n在全球市场的大力推崇之下，SPAC的势头一发不可收拾。热炒之下，市场似乎在透露出见顶的信号。掌管550亿美元资产的对冲基金Marshall Wace的共同创始人、在英国金融界无人不晓的大腕保罗·马歇尔(Paul Marshall)对SPAC泡沫发出警告。他说：“SPAC现象将以糟糕的结局收场，而且很多人会受害。”\n全球金融市场的两大投资泰斗更是毫不留情的批评SPAC。“用别人的钱来赌博。”在今年的股东大会上，巴菲特给SPAC这一上市机制下了如此定义，芒格则直接说这是一种“easy money\"(不义之财)，他不喜欢这种用来骗人投资割韭菜的东西。\n但是市场上也不乏支持的声音。对于美国监管层的一系列压制措施，一位名叫Steven Davidoff Solomon的市场观察人士在纽约时报上撰文表示，虽然一些SPAC过于激进或者过早上市，甚至公布错误虚假的商业计划，但是，不能否认的一点是，过去20年SPAC让小公司和新兴成长公司的IPO市场复苏起来。\n自从1993年，美国GKN证券将SPAC推向市场近30年来，SPAC的交易规则制度一直在不断调整完善。比如近期备受关注的另外一位对冲基金大佬Bill Ackman与环球音乐的交易。有媒体报道称Ackman旗下SPAC公司Pershing Square Tontine Holding(PSTH)正在和环球音乐(Universal Music)进行并购方面的磋商，这可能是SPAC狂潮下的最大一笔交易，合并后的新公司估值将达400亿美元。\n这次交易中，Ackman 衍生了一种名为SPARC(特殊目的收购权公司)的新型SPAC形式，解决了SPAC目前运作的一些缺陷，比如在交易完成之前不占用投资者资金。这被认为是SPAC的第三代演变。\n长期来看，美联储的加息政策也是悬在SPAC头上的一把利剑，一旦流动性收紧，二级市场潮水退出，裸泳者也将浮出水面。虽然美国联邦储备委员会在6月16日宣布维持联邦基金利率目标区间在0-0.25%之间不变，符合市场预期。但美联储多数官员预测，加息最早会在2023年到来。","news_type":1,"symbols_score_info":{"QLD":0.9,"PSQ":0.9,"QID":0.9,"QQQ":0.9,"TQQQ":0.9,"MNQmain":0.9,"SQQQ":0.9,"NQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186422388,"gmtCreate":1623533471844,"gmtModify":1704205489115,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>?","listText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>?","text":"$SOS Limited(SOS)$?","images":[{"img":"https://static.tigerbbs.com/031b71459c9eb8aa5e9ff764c3aaa443","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186422388","isVote":1,"tweetType":1,"viewCount":2085,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":117220551,"gmtCreate":1623144611073,"gmtModify":1704196993358,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117220551","repostId":"1148995890","repostType":4,"repost":{"id":"1148995890","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623144032,"share":"https://ttm.financial/m/news/1148995890?lang=en_US&edition=fundamental","pubTime":"2021-06-08 17:20","market":"us","language":"zh","title":"Pre-market activity: Amazing! Dada Group surged, and WSB concept stocks continued their \"frenzy\".","url":"https://stock-news.laohu8.com/highlight/detail?id=1148995890","media":"老虎资讯综合","summary":"摘要：美国三大股指期货涨跌不一，AMC院线、游戏驿站等WSB概念股躁动依旧；公司宣布高达1.5亿美元的股票回购计划，达达集团涨超8%；5月份特斯拉中国批发销量33463辆，特斯拉涨近3%。6月8日，美","content":"<p><b>Abstract: Futures for the three major U.S. stock indexes were mixed.<a href=\"https://laohu8.com/S/AMC\">AMC Cinemas</a>、<a href=\"https://laohu8.com/S/GME\">Game Station</a>WSB concept stocks continued to fluctuate; The company announced a stock repurchase program of up to $150 million,<a href=\"https://laohu8.com/S/DADA\">Dada Group</a>It rose more than 8%; May<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Wholesale sales in China reached 33,463 units, with Tesla's sales rising nearly 3%.</b>On June 8, futures for the three major U.S. stock indexes were mixed, with the Dow Jones Industrial Average futures down 0.12% as of press time. S&P 500 futures rose 0.03%; Nasdaq 100 futures rose 0.17%.<img src=\"https://static.tigerbbs.com/c69d8d1a46f427761ef70218e1f7c8b0\" tg-width=\"828\" tg-height=\"241\" referrerpolicy=\"no-referrer\">WSB concept stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/AMC\">AMC Cinemas</a>It rose nearly 5%.<a href=\"https://laohu8.com/S/GME\">Game Station</a>It rose more than 3%.<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>、<a href=\"https://laohu8.com/S/KOSS\">Gaussian electronics</a>It rose by more than 2%.</p><p>US Blockchain stocks declined in pre-market trading, with Riot Blockchain and Marathon Patent falling more than 5%.<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>It fell more than 4%.<a href=\"https://laohu8.com/S/NCTY\">Ninth City</a>It fell 3.11%.</p><p><a href=\"https://laohu8.com/S/DADA\">Dada Group</a>The stock rose more than 8% in pre-market trading after Q1 total revenue exceeded market expectations and the company announced a stock repurchase program of up to $150 million.</p><p>ATOS rose more than 7% in pre-market trading after the company announced it would release final data from its Phase II study of antioxidant for the preoperative treatment of breast cancer patients.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Tesla shares rose nearly 3% in pre-market trading, after falling more than 1% at one point. According to data released today by the China Passenger Car Association, Tesla's wholesale sales in May 2021 reached 33,463 units, a 202% increase compared to the same period last year and a nearly 30% increase month-on-month. The Model Y set a new record with 12,728 units sold. Meanwhile, from January to May 2021, Tesla's cumulative domestic sales reached 128,588 vehicles.</p><p>Bridgetown 2 shares rose more than 5% in pre-market trading after the company reportedly merged with Propertyguru, Southeast Asia's largest real estate portal.</p><p>Moderna rose 1.5% in pre-market trading after the company submitted its application for a COVID-19 vaccine for teenagers to the European Union yesterday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-market activity: Amazing! Dada Group surged, and WSB concept stocks continued their \"frenzy\".</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market activity: Amazing! Dada Group surged, and WSB concept stocks continued their \"frenzy\".\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-08 17:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Abstract: Futures for the three major U.S. stock indexes were mixed.<a href=\"https://laohu8.com/S/AMC\">AMC Cinemas</a>、<a href=\"https://laohu8.com/S/GME\">Game Station</a>WSB concept stocks continued to fluctuate; The company announced a stock repurchase program of up to $150 million,<a href=\"https://laohu8.com/S/DADA\">Dada Group</a>It rose more than 8%; May<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Wholesale sales in China reached 33,463 units, with Tesla's sales rising nearly 3%.</b>On June 8, futures for the three major U.S. stock indexes were mixed, with the Dow Jones Industrial Average futures down 0.12% as of press time. S&P 500 futures rose 0.03%; Nasdaq 100 futures rose 0.17%.<img src=\"https://static.tigerbbs.com/c69d8d1a46f427761ef70218e1f7c8b0\" tg-width=\"828\" tg-height=\"241\" referrerpolicy=\"no-referrer\">WSB concept stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/AMC\">AMC Cinemas</a>It rose nearly 5%.<a href=\"https://laohu8.com/S/GME\">Game Station</a>It rose more than 3%.<a href=\"https://laohu8.com/S/BBRY\">Blackberry</a>、<a href=\"https://laohu8.com/S/KOSS\">Gaussian electronics</a>It rose by more than 2%.</p><p>US Blockchain stocks declined in pre-market trading, with Riot Blockchain and Marathon Patent falling more than 5%.<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>It fell more than 4%.<a href=\"https://laohu8.com/S/NCTY\">Ninth City</a>It fell 3.11%.</p><p><a href=\"https://laohu8.com/S/DADA\">Dada Group</a>The stock rose more than 8% in pre-market trading after Q1 total revenue exceeded market expectations and the company announced a stock repurchase program of up to $150 million.</p><p>ATOS rose more than 7% in pre-market trading after the company announced it would release final data from its Phase II study of antioxidant for the preoperative treatment of breast cancer patients.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Tesla shares rose nearly 3% in pre-market trading, after falling more than 1% at one point. According to data released today by the China Passenger Car Association, Tesla's wholesale sales in May 2021 reached 33,463 units, a 202% increase compared to the same period last year and a nearly 30% increase month-on-month. The Model Y set a new record with 12,728 units sold. Meanwhile, from January to May 2021, Tesla's cumulative domestic sales reached 128,588 vehicles.</p><p>Bridgetown 2 shares rose more than 5% in pre-market trading after the company reportedly merged with Propertyguru, Southeast Asia's largest real estate portal.</p><p>Moderna rose 1.5% in pre-market trading after the company submitted its application for a COVID-19 vaccine for teenagers to the European Union yesterday.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{".DJI":"道琼斯","DADA":"达达集团",".IXIC":"NASDAQ Composite","CAN":"嘉楠科技",".SPX":"S&P 500 Index","AMC":"AMC院线"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148995890","content_text":"摘要：美国三大股指期货涨跌不一，AMC院线、游戏驿站等WSB概念股躁动依旧；公司宣布高达1.5亿美元的股票回购计划，达达集团涨超8%；5月份特斯拉中国批发销量33463辆，特斯拉涨近3%。6月8日，美国三大股指期货涨跌不一，截至发稿，道指期货跌0.12%；标普500指数期货涨0.03%；纳斯达克100指数期货涨0.17%。WSB概念股盘前走高，AMC院线涨近5%，游戏驿站涨超3%，黑莓、高斯电子涨超2%。美股区块链板块盘前走低，Riot Blockchain、Marathon Patent跌超5%，嘉楠科技跌超4%，第九城市跌3.11%。达达集团盘前涨超8%，Q1总营收超出市场预期，公司宣布高达1.5亿美元的股票回购计划。ATOS盘前涨超7%，公司宣布将公布其用于乳腺癌患者手术前治疗的安替昔芬二期研究的最终数据。特斯拉盘前涨近3%，此前一度跌超1%，乘联会今日发布的中国汽车销量数据显示，2021年5月，特斯拉批发销量为33463辆，与去年同期相比增长202%，环比增长近30%。Model Y以12728辆创下历史新高纪录。同时，2021年1月-5月，特斯拉国内累计销量达到128588辆。Bridgetown 2美股盘前涨超5%，公司据悉与东南亚最大房地产门户网站Propertyguru进行合并。Moderna盘前上涨1.5%，昨日公司向欧盟递交青少年新冠疫苗申请。","news_type":1,"symbols_score_info":{"CAN":0.9,"DADA":0.9,".DJI":0.9,".IXIC":0.9,"AMC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":803847976,"gmtCreate":1627433784695,"gmtModify":1703489811597,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/803847976","repostId":"1121684255","repostType":4,"repost":{"id":"1121684255","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627424128,"share":"https://ttm.financial/m/news/1121684255?lang=en_US&edition=fundamental","pubTime":"2021-07-28 06:15","market":"us","language":"zh","title":"Apple's earnings report once again stunned everyone, with all indicators exceeding expectations, causing its stock price to fall in after-hours trading.","url":"https://stock-news.laohu8.com/highlight/detail?id=1121684255","media":"老虎资讯综合","summary":"苹果于周二美股盘后发布2021财年三季报（即2021自然年第二季度业绩），季度成绩惊艳四座，各项数据均超过市场预期。营收创历史新高，净利润同比接近翻倍，iPhone销售同比激增近50%，服务收入再创历","content":"<p>Apple released its Q3 2021 fiscal year results (i.e., the second quarter of calendar year 2021 results) after the US stock market closed on Tuesday. The quarterly results were impressive, with all data exceeding market expectations. Revenue hit a record high, net profit nearly doubled year-on-year, iPhone sales surged by nearly 50% year-on-year, and service revenue hit a new record high. However, Apple CEO Tim Cook stated in a conference call that the chip shortage has significantly impacted Mac and iPad sales, otherwise this quarter would have been better. In addition, tight chip supply and excessively high transportation costs will put pressure on subsequent performance.</p><p>Apple's stock price retreated from its highs, closing down 1.5% at $146.77 on Tuesday. After trading, the stock price reversed its gains and fell, falling 1.48% as of press time. The company's market capitalization still exceeds $2.4 trillion, firmly holding the top spot in the U.S. market capitalization.<img src=\"https://static.tigerbbs.com/b1c7358d4f1168881c8071a7e50cd849\" tg-width=\"1542\" tg-height=\"1438\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/RN?name=RNLive&rndata={\"liveId\":\"16272656629834\"}\" target=\"_blank\"><b>Apple FY2021Q3 Earnings Call</b></a><b></b></p><p>Third fiscal quarter results details:</p><p><ul><li>Total revenue reached $81.4 billion, a 36% year-over-year increase, far exceeding market expectations of $73.8 billion, marking the company's best third-quarter revenue in history.</li><li>Net income was $21.744 billion, up 93% year-over-year, and diluted earnings per share (EPS) was $1.30, more than doubling year-over-year and exceeding market expectations of $1.01.</li><li>Among them, hardware product revenue was $63.95 billion, higher than the market expectation of $58.18 billion; Revenue from services reached $17.49 billion, marking the second consecutive quarterly record high and representing a 33% year-over-year increase.<b>，</b>The figure exceeded analysts' expectations of $16.32 billion and was also higher than the 26.7% growth rate in the previous fiscal quarter;</li><li>The quarterly gross profit margin was 43.3%, also higher than the expected 41.9%; Quarterly operating profit was $24.126 billion, up from $13.091 billion in the same period last year.</li></ul><b>Looking at different product lines, Apple has achieved double-digit percentage year-on-year revenue growth across all product categories for three consecutive quarters, while the iPhone is not weak during the off-season.</b><img src=\"https://static.tigerbbs.com/4645adcd3f7499969d904dd8973cb926\" tg-width=\"1026\" tg-height=\"318\" referrerpolicy=\"no-referrer\"></p><p><ul><li>iPhone revenue for the quarter reached $39.57 billion, a strong year-over-year increase of 49.78%, exceeding market expectations of $34.5 billion;</li><li>iPad revenue for the quarter was $7.37 billion, up 12% year-over-year, exceeding market expectations of $7.13 billion.</li><li>Mac revenue for the quarter was $8.24 billion, up 16% year-over-year, exceeding market expectations of $8 billion, but falling short of the record high of $9.1 billion set in the first quarter.</li><li>Revenue from wearable devices, home goods and peripherals reached $8.78 billion in the quarter, a 36% year-over-year increase, exceeding the expected $7.6 billion.</li></ul><img src=\"https://static.tigerbbs.com/7bb1355a6d1dba7fdb82e2f1080709ed\" tg-width=\"826\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p><p><ul><li>Net revenue from the highly anticipated services business was $17.486 billion, compared to $13.156 billion in the same period last year, representing a 33% year-over-year increase. This growth rate was higher than the 26.7% growth rate in the previous quarter.</li></ul><img src=\"https://static.tigerbbs.com/bf345163556353fb6796cb26a428fc67\" tg-width=\"500\" tg-height=\"291\" referrerpolicy=\"no-referrer\">By region, Apple also achieved double-digit percentage growth in all regions in the third fiscal quarter, with Greater China performing strongly, growing by 58% year-over-year.</p><p><ul><li>Net revenue from the Americas market was $35.87 billion, compared to $27.018 billion in the same period last year;</li><li>Net revenue from the European market was $18.943 billion, compared to $14.173 billion in the same period last year;</li><li>Net revenue in Greater China was US$14.762 billion, compared to US$9.329 billion in the same period last year, representing a year-on-year increase of 58%.</li><li>Net revenue in Japan was $6.464 billion, compared to $4.966 billion in the same period last year;</li><li>Net revenue from the rest of Asia Pacific was $5.395 billion, compared to $4.199 billion in the same period last year.<img src=\"https://static.tigerbbs.com/ce16bed953b733de1347a9e299d82745\" tg-width=\"1020\" tg-height=\"332\" referrerpolicy=\"no-referrer\"></li></ul>In addition, Apple's board of directors announced a cash Dividend of $0.22 per share. The statement shows that Apple spent $29 billion on shareholder returns in the quarter. CFO Mestri revealed that the company has repurchased nearly $450 billion in stock in recent years.</p><p>It is worth noting that Apple did not provide earnings guidance for the next quarter in its financial report, marking the sixth consecutive quarter since the pandemic. The company expects its revenue to remain at a \"very strong double-digit percentage year-on-year growth rate\" in the next fiscal quarter, but it may be slower than in the third fiscal quarter. CFO Mestri expects iPhone and iPad supply to be limited and growth to slow next quarter.</p><p>Cook stated that Apple could do even better this quarter if it could address the chip shortage, which has significantly impacted Mac and iPad sales. Tight chip supply could impact its iPhone and iPad sales in September, although the shortage of chips is a \"legacy node\" of older types of chips, not the processors that power Apple devices. Cook also said on a conference call with analysts that the company believes freight costs are high.</p><p>In explaining Apple's next growth engine—services revenue—Cook revealed that sub-businesses such as music, video, cloud services, advertising, and payments all hit record highs, \"demonstrating that our long-term investment in our services strategy is succeeding.\" Apple currently has 700 million paid subscribers, 150 million more than the same period last year, although this figure includes the number of people who subscribe to an app through its app store.</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>Apple's earnings report once again stunned everyone, with all indicators exceeding expectations, causing its stock price to fall in after-hours 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: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple's earnings report once again stunned everyone, with all indicators exceeding expectations, causing its stock price to fall in after-hours trading.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-28 06:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple released its Q3 2021 fiscal year results (i.e., the second quarter of calendar year 2021 results) after the US stock market closed on Tuesday. The quarterly results were impressive, with all data exceeding market expectations. Revenue hit a record high, net profit nearly doubled year-on-year, iPhone sales surged by nearly 50% year-on-year, and service revenue hit a new record high. However, Apple CEO Tim Cook stated in a conference call that the chip shortage has significantly impacted Mac and iPad sales, otherwise this quarter would have been better. In addition, tight chip supply and excessively high transportation costs will put pressure on subsequent performance.</p><p>Apple's stock price retreated from its highs, closing down 1.5% at $146.77 on Tuesday. After trading, the stock price reversed its gains and fell, falling 1.48% as of press time. The company's market capitalization still exceeds $2.4 trillion, firmly holding the top spot in the U.S. market capitalization.<img src=\"https://static.tigerbbs.com/b1c7358d4f1168881c8071a7e50cd849\" tg-width=\"1542\" tg-height=\"1438\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/RN?name=RNLive&rndata={\"liveId\":\"16272656629834\"}\" target=\"_blank\"><b>Apple FY2021Q3 Earnings Call</b></a><b></b></p><p>Third fiscal quarter results details:</p><p><ul><li>Total revenue reached $81.4 billion, a 36% year-over-year increase, far exceeding market expectations of $73.8 billion, marking the company's best third-quarter revenue in history.</li><li>Net income was $21.744 billion, up 93% year-over-year, and diluted earnings per share (EPS) was $1.30, more than doubling year-over-year and exceeding market expectations of $1.01.</li><li>Among them, hardware product revenue was $63.95 billion, higher than the market expectation of $58.18 billion; Revenue from services reached $17.49 billion, marking the second consecutive quarterly record high and representing a 33% year-over-year increase.<b>，</b>The figure exceeded analysts' expectations of $16.32 billion and was also higher than the 26.7% growth rate in the previous fiscal quarter;</li><li>The quarterly gross profit margin was 43.3%, also higher than the expected 41.9%; Quarterly operating profit was $24.126 billion, up from $13.091 billion in the same period last year.</li></ul><b>Looking at different product lines, Apple has achieved double-digit percentage year-on-year revenue growth across all product categories for three consecutive quarters, while the iPhone is not weak during the off-season.</b><img src=\"https://static.tigerbbs.com/4645adcd3f7499969d904dd8973cb926\" tg-width=\"1026\" tg-height=\"318\" referrerpolicy=\"no-referrer\"></p><p><ul><li>iPhone revenue for the quarter reached $39.57 billion, a strong year-over-year increase of 49.78%, exceeding market expectations of $34.5 billion;</li><li>iPad revenue for the quarter was $7.37 billion, up 12% year-over-year, exceeding market expectations of $7.13 billion.</li><li>Mac revenue for the quarter was $8.24 billion, up 16% year-over-year, exceeding market expectations of $8 billion, but falling short of the record high of $9.1 billion set in the first quarter.</li><li>Revenue from wearable devices, home goods and peripherals reached $8.78 billion in the quarter, a 36% year-over-year increase, exceeding the expected $7.6 billion.</li></ul><img src=\"https://static.tigerbbs.com/7bb1355a6d1dba7fdb82e2f1080709ed\" tg-width=\"826\" tg-height=\"600\" referrerpolicy=\"no-referrer\"></p><p><ul><li>Net revenue from the highly anticipated services business was $17.486 billion, compared to $13.156 billion in the same period last year, representing a 33% year-over-year increase. This growth rate was higher than the 26.7% growth rate in the previous quarter.</li></ul><img src=\"https://static.tigerbbs.com/bf345163556353fb6796cb26a428fc67\" tg-width=\"500\" tg-height=\"291\" referrerpolicy=\"no-referrer\">By region, Apple also achieved double-digit percentage growth in all regions in the third fiscal quarter, with Greater China performing strongly, growing by 58% year-over-year.</p><p><ul><li>Net revenue from the Americas market was $35.87 billion, compared to $27.018 billion in the same period last year;</li><li>Net revenue from the European market was $18.943 billion, compared to $14.173 billion in the same period last year;</li><li>Net revenue in Greater China was US$14.762 billion, compared to US$9.329 billion in the same period last year, representing a year-on-year increase of 58%.</li><li>Net revenue in Japan was $6.464 billion, compared to $4.966 billion in the same period last year;</li><li>Net revenue from the rest of Asia Pacific was $5.395 billion, compared to $4.199 billion in the same period last year.<img src=\"https://static.tigerbbs.com/ce16bed953b733de1347a9e299d82745\" tg-width=\"1020\" tg-height=\"332\" referrerpolicy=\"no-referrer\"></li></ul>In addition, Apple's board of directors announced a cash Dividend of $0.22 per share. The statement shows that Apple spent $29 billion on shareholder returns in the quarter. CFO Mestri revealed that the company has repurchased nearly $450 billion in stock in recent years.</p><p>It is worth noting that Apple did not provide earnings guidance for the next quarter in its financial report, marking the sixth consecutive quarter since the pandemic. The company expects its revenue to remain at a \"very strong double-digit percentage year-on-year growth rate\" in the next fiscal quarter, but it may be slower than in the third fiscal quarter. CFO Mestri expects iPhone and iPad supply to be limited and growth to slow next quarter.</p><p>Cook stated that Apple could do even better this quarter if it could address the chip shortage, which has significantly impacted Mac and iPad sales. Tight chip supply could impact its iPhone and iPad sales in September, although the shortage of chips is a \"legacy node\" of older types of chips, not the processors that power Apple devices. Cook also said on a conference call with analysts that the company believes freight costs are high.</p><p>In explaining Apple's next growth engine—services revenue—Cook revealed that sub-businesses such as music, video, cloud services, advertising, and payments all hit record highs, \"demonstrating that our long-term investment in our services strategy is succeeding.\" Apple currently has 700 million paid subscribers, 150 million more than the same period last year, although this figure includes the number of people who subscribe to an app through its app store.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/052d0d3a6389985cf72883e9c3047ae4","relate_stocks":{"AAPL":"苹果"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121684255","content_text":"苹果于周二美股盘后发布2021财年三季报（即2021自然年第二季度业绩），季度成绩惊艳四座，各项数据均超过市场预期。营收创历史新高，净利润同比接近翻倍，iPhone销售同比激增近50%，服务收入再创历史新高。但苹果CEO库克却在电话会中称：芯片短缺问题很大程度影响了Mac和iPad的销售，否则本季度会更好。此外，芯片供应紧张和运输费用过高会给后续业绩造成压力。\n苹果股价高位回落，周二收跌1.5%，报146.77美元，盘后股价由涨转跌，截止发稿跌1.48%，公司市值仍超2.4万亿美元，稳居美市值之冠。苹果FY2021Q3业绩电话会\n第三财季业绩详情：\n\n总营收814亿美元，同比增36%，远超市场预期的738亿美元，创公司史上最佳第三财季营收\n净利润217.44亿美元，同比增长93%，摊薄后每股收益（EPS）1.30美元，同比翻倍，也高于市场预期的1.01美元。\n其中，硬件产品营收639.5亿美元，高于市场预期的581.8亿美元；来自服务业务营收174.9亿美元，连续两个季度历史新高，同比增33%，高于分析师预期的163.2亿美元，也高于上一财季的增速26.7%；\n季度毛利率为43.3%，同样高于预期的41.9%；季度运营利润为241.26亿美元，高于去年同期的130.91亿美元。\n\n分产品线来看，苹果连续三个季度在所有产品类别上均实现了双位数百分比的同比营收涨幅，而iPhone淡季不淡；\n\n当季iPhone营收395.7亿美元，同比劲增49.78%，超过市场预期的345亿美元；\n当季iPad营收73.7亿美元，同比增12%，高于市场预期的71.3亿美元。\n当季Mac营收82.4亿美元，同比增16%，高于市场预期的80亿美元，但逊于一季度91亿美元所创的历史最高。\n当季可穿戴设备、居家用品及周边产品营收87.8亿美元，同比增36%，高于预期的76亿美元。\n\n\n\n备受关注的服务业务净营收为174.86亿美元，相比之下去年同期为131.56亿美元，同比增长33%，这个一增速高于上一季度26.7%增幅。\n\n分地区看，同样第三财季苹果在所有地区实现了双位数百分比的增幅，其大中华地区表现强劲，同比增长58%：\n\n来自美洲市场的净营收为358.70亿美元，相比之下去年同期为270.18亿美元；\n来自欧洲市场净营收为189.43亿美元，相比之下去年同期为141.73亿美元；\n大中华区净营收为147.62亿美元，相比之下去年同期为93.29亿美元，同比增幅达58%；\n日本区净营收为64.64亿美元，相比之下去年同期为49.66亿美元；\n亚太其他地区净营收为53.95亿美元，相比之下去年同期为41.99亿美元。\n\n此外，苹果董事会宣布派发每股0.22美元的现金股息。声明显示，苹果在该季度股东回报上花费了290亿美元。CFO梅斯特里透露，该公司近年来回购了近4500亿美元的股票。\n值得注意的是，苹果在财报中并没有下季度业绩指引，是疫情以来连续第六个季度没有发布指引，公司预计下一财季营收仍是“非常强劲的两位数百分比同比增速”，但可能会慢于第三财季。CFO梅斯特里预计下一个季度iPhone和iPad的供应将会受限，增长将放缓。\n库克称：如果能解决芯片短缺有关的问题，苹果本季度可以做得更好，芯片短缺极大程度影响了Mac和iPad的销售。芯片供应紧张可能会影响其9月份的iPhone和iPad销售，尽管短缺的芯片是旧种类芯片的 \"遗留节点\"，而不是为苹果设备提供动力的处理器。库克在与分析师的电话会议上还表示，该公司认为货运成本很高。\n在解释苹果的下一个增长引擎——服务收入时，库克透露，音乐、视频、云服务、广告和支付等分项业务均创新高，“显示我们对服务战略的长期投资正在取得成功”。苹果目前拥有7亿付费订阅用户，比去年同期多出1.5 亿，不过该数据包括通过其应用商店订阅某款app的人数。","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":5806,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165177469,"gmtCreate":1624112003851,"gmtModify":1703828966955,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165177469","repostId":"2144154703","repostType":4,"repost":{"id":"2144154703","kind":"highlight","pubTimestamp":1624085563,"share":"https://ttm.financial/m/news/2144154703?lang=en_US&edition=fundamental","pubTime":"2021-06-19 14:52","market":"hk","language":"zh","title":"SPACs, a global blind box game of wealth where people are feeling their way across the river.","url":"https://stock-news.laohu8.com/highlight/detail?id=2144154703","media":"智通财经网","summary":"这段时间，SPAC的狂热已经引起市场警惕，美国监管层正在有意进行监管规则的调整。长期来看，相关政策调整、流动性大幅收紧等都将是SPAC未来发展的重大不确定性因素。","content":"<p>After a booming first quarter, the frenzied SPAC market cooled down in just two months. After reaching a record high of 110 SPAC IPOs in March 2021, the number plummeted to 13 in April and 19 in May.<img src=\"https://static.tigerbbs.com/bcc02404cd4816379f86b57e2674e2aa\" tg-width=\"1080\" tg-height=\"616\" referrerpolicy=\"no-referrer\">Number of SPAC IPOs in the past year (Chart by Titanium Media)</p><p>The fierce influx of hot money has driven SPACs to surge since 2020, and now the market is beginning to return to normal. In 2020, a total of 248 SPACs went public on the U.S. stock market, raising a total of more than $84 billion, exceeding the total amount raised by SPACs in previous years. The market remained hot in the first quarter of 2021, with 308 SPAC IPOs, exceeding the total for the entire previous year, raising $99.6 billion, far exceeding traditional IPOs.</p><p>SPACs seem to be trending towards disrupting the traditional IPO market, but extremes always backfire, and signs of the market peaking are beginning to emerge. The recent frenzy surrounding SPACs has raised market concerns, and US regulators are intentionally adjusting regulatory rules. In the long run, policy adjustments and a significant tightening of liquidity will be major uncertainties for the future development of SPACs.</p><p>As an innovative financial instrument, there is equal support and opposition to SPACs. In fact, countries around the world, including the United States, are \"crossing the river by feeling the stones,\" and are generally in the process of exploration and improvement. Looking back at the history of SPACs, they have been adapting to the development of the capital market by continuously optimizing their systems and improving their trading rules.</p><p>A precipitous drop occurred, with the number of Spacipos falling from 110 to 14 in a single month.</p><p>In the past two months, the SEC (Securities and Exchange Commission) has issued new accounting guidelines for SPACs (Special Purpose Acquisition Companies), which have instantly calmed down the SPAC market. On April 12, the U.S. SEC announced that Warrants sold by SPACs should be classified as liabilities rather than equity.</p><p>A Warrant is a right that a public investor can exchange for one share of common stock at a fixed price in the future. From an accounting perspective, these types of warrants were previously classified as \"equity,\" and investors in SPACs purchased them at a specific price to obtain huge returns.</p><p>Since they are liabilities, the promoters need to regularly account for the value of the warrants, which clearly increases the procedural burden for SPAC promoters who seek simplicity. This means that if the value of warrants fluctuates significantly, the affected SPACs will have to restate their financial performance. In other words, if you have already completed your financial statements, initiated a reverse merger and acquisition application, and begun the merger and acquisition process, then you may need to redo your financial statements in accordance with the new requirements.</p><p>The impact of this move on the market was like pouring cold water on its head. Statistics show that the number of newly established SPACs plummeted in April, from a historical peak of 110 in March to 13 in April, and only 19 in May. Many companies have suspended their SPAC listing applications and begun to readjust their accounting standards.</p><p>Since 2020, the SPAC market has been booming like never before, raising the alarm of overseas regulators. The SEC had previously warned SPAC investors multiple times. In early April, an SEC official said that SPACs had \"some significant but undiscovered\" problems.</p><p>In March, the SEC warned investors that they should not invest in SPACs simply because they are celebrities among their sponsors. Some market analysts have even called SPACs \"the crystallization of wisdom in this era of short-sighted IPOs, a solution after a large number of unicorns were accumulated during the era of massive monetary easing over the past decade, and the king of this round of bubbles.\"</p><p>\"In the past, going public to raise money required going through the IPO process. Why not just give out accounts to retail investors?\", \"Capital's empty promise game is essentially just exploiting retail investors\", \"Getting something for nothing\". This has always been a blind box game for ordinary investors' wealth. SPAC listed car companies have become the hardest hit by collapses. There are widespread doubts about SPACs, this new type of financial instrument.</p><p>In the wealth blind box game, SPAC-listed automakers have become the hardest hit by collapses.</p><p>Beyond the regulatory blow, the brutal market is also becoming an alchemical stone for SPACs. Recently, several new energy vehicle companies in the United States have been exposed for alleged fraud. Most of them went public in 2020 through the SPAC model, and then collapsed one after another within about six months.</p><p>On June 16, according to foreign media reports, Lordstown Motors, a US-listed startup new energy vehicle company, announced that its CEO Steve Burns and CFO Julio Rodriguez have resigned. In October 2020, Lordstown went public on the Nasdaq Stock Exchange through a SPAC under the ticker symbol \"RIDE\".</p><p>On its first day of trading, Lordstown's stock price rose by nearly 20%, but in March of this year, short-selling firm Hindenburg Research accused Lordstown of using fake orders to raise funds for its Endurance electric pickup truck. The pickup truck will still be several years away from production, but Lordstown insists that production of the model will begin as planned in September.</p><p>Six months seems to have become a life-or-death criterion for SPAC listed companies. In March 2020, it was regarded by the industry as the \"truck industry\".<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Nikola Corp. announced its IPO through a reverse merger and Acquisition with SPAC company VectorIQ Acquisition Corp. The deal brings NikolaCorp.'s corporate market capitalization to $3.3 billion and raises approximately $525 million in working capital.</p><p>Just six months after its listing, Nikola Corp. collapsed. In September 2020, Hindenburg Research released a report stating that Nikola Corp. was suspected of falsifying products and technologies. Not only did the company not master the manufacturing technology for hydrogen fuel cells, but it also made dozens of false statements in many aspects, including its semi-trailer trucks, battery technology, hydrogen production, Nikola One, and even its multi-billion dollar orders. Following the release of the report, Nikola Executive Chairman Trevor Milton announced his resignation.</p><p>The collective resignation of the company's senior executives could not save the plummeting stock price. Currently, Nikola Corp.'s stock price is hovering around $15 per share, a drop of nearly 80% from its peak price of $66 per share before being shorted.<img src=\"https://static.tigerbbs.com/9ec57d3a166878fc396f28f04648875f\" tg-width=\"913\" tg-height=\"555\" referrerpolicy=\"no-referrer\">Nicholas Corp. Stock price trend</p><p>The streamlined listing process and more lenient review standards have always been the main reasons why the SPAC model is so popular in the market. However, this is also a double-edged sword. Due to the simple listing process and relatively lax regulation, the SPAC listing model lacks the strict oversight of investment banks, thus harboring significant risks, such as false capital injection by the listed target and business entities not complying with listing regulations.</p><p>The potential for high returns is very attractive to founders and public investors, but the secrets to the SPAC wealth blind box game are only in the hands of a small number of people.</p><p>\"The essence of a SPAC is the monetization of the founder's resources. Therefore, the equity structure of a SPAC naturally gives the founder the investment leverage to acquire a higher proportion of equity at a lower cost,\" said the Sun Jinju research team at Open Source Securities. Founders can set up a SPAC with just $25,000, which translates to no more than 2 cents per share of common stock. However, \"the target of a SPAC acquisition is highly uncertain. Public investors are participating in a blind box game with high potential returns, and the success rate of the game depends on the SPAC founder.\"</p><p>Is the market about to peak? SPACs have been evolving over the past 30 years</p><p>As an innovative financial instrument, countries around the world, including the United States, are actually \"crossing the river by feeling the stones,\" and are generally in the process of exploration and improvement.</p><p>The past year has thrust SPACs into the spotlight of global capital markets. In 2020 alone, 248 SPACs went public, raising over $83 billion, accounting for half of all IPOs in the United States that year. In the first three months of this year, the number of SPACs listed and the amount of funds raised have exceeded the total amount of last year. Private equity giants, business tycoons, and celebrities have all gotten involved in SPACs, making this SPAC quickly \"go viral\".<img src=\"https://static.tigerbbs.com/e3935d6372e6d7a6d74f92c250589da9\" tg-width=\"648\" tg-height=\"368\" referrerpolicy=\"no-referrer\">In order to compete for high-quality companies, major exchanges around the world are also actively promoting and improving the SPAC mechanism.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>On March 31, a public consultation was launched regarding the introduction of the SPAC mechanism, and the SPAC framework is expected to be officially announced as early as mid-2021. Some media reports,<a href=\"https://laohu8.com/S/00388\">Hong Kong Stock Exchange</a>We are also considering developing a SPAC framework suitable for the Hong Kong market, with the goal of launching the first batch of SPACs by the end of the year. It is understood that Hong Kong regulators are considering formulating stricter rules than those in the United States.</p><p>With strong support from the global market, the momentum of SPACs has been unstoppable. Amidst the frenzy, the market seems to be showing signs of peaking. Co-founder of Marshall Wace, a hedge fund managing $55 billion in assets, based in the UK.<a href=\"https://laohu8.com/S/JRJC\">Financial world</a>Paul Marshall, a household name, warned about the SPAC bubble. He said, \"The SPAC phenomenon will end badly, and many people will suffer.\"</p><p>Two major investment giants in the global financial markets have been relentless in criticizing SPACs. \"Gambling with other people's money.\" At this year's shareholders' meeting, Buffett defined the SPAC listing mechanism in this way, while Munger directly called it a kind of \"easy money\" (ill-gotten gains). He doesn't like things that are used to deceive investors and exploit retail investors.</p><p>However, there are also voices of support in the market. Regarding the series of repressive measures taken by US regulators, a market observer named Steven Davidoff Solomon...<a href=\"https://laohu8.com/S/NYT\">New York times</a>The article states that although some SPACs are too aggressive or go public too early, or even announce erroneous and false business plans, it cannot be denied that SPACs have revived the IPO market for small and emerging growth companies over the past 20 years.</p><p>Since GKN Securities launched SPACs into the market in 1993, nearly 30 years ago, the trading rules and regulations for SPACs have been constantly being adjusted and improved. For example, the recent deal between another hedge fund tycoon, Bill Ackman, and Universal Music, which has attracted much attention. Media reports indicate that Ackman's SPAC, Pershing Square Tontine Holding (PSTH), is in talks with Universal Music regarding a merger. This could be the largest deal in the SPAC frenzy, with the combined company valued at $40 billion.</p><p>In this transaction, Ackman created a new type of SPAC called SPARC (Special Purpose Acquisition Rights Company), which addresses some of the current shortcomings of SPACs, such as not tiing up investor funds until the transaction is completed. This is considered the third generation evolution of SPACs.</p><p>In the long run, the Federal Reserve's rate hike policy is also a sharp sword hanging over SPACs. Once a liquidity tightening occurs, the secondary market tide will recede, and the naked swimmers will also surface. Although the Federal Reserve announced on June 16 that it would maintain the Federal Funds rate target range at 0-0.25%, which was in line with market expectations. However, most Federal Reserve officials predict that rate hike will arrive as early as 2023.</p>","source":"highlight_zhitongcaijin","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>SPACs, a global blind box game of wealth where people are feeling their way across the river.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSPACs, a global blind box game of wealth where people are feeling their way across the river.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-06-19 14:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a booming first quarter, the frenzied SPAC market cooled down in just two months. After reaching a record high of 110 SPAC IPOs in March 2021, the number plummeted to 13 in April and 19 in May.<img src=\"https://static.tigerbbs.com/bcc02404cd4816379f86b57e2674e2aa\" tg-width=\"1080\" tg-height=\"616\" referrerpolicy=\"no-referrer\">Number of SPAC IPOs in the past year (Chart by Titanium Media)</p><p>The fierce influx of hot money has driven SPACs to surge since 2020, and now the market is beginning to return to normal. In 2020, a total of 248 SPACs went public on the U.S. stock market, raising a total of more than $84 billion, exceeding the total amount raised by SPACs in previous years. The market remained hot in the first quarter of 2021, with 308 SPAC IPOs, exceeding the total for the entire previous year, raising $99.6 billion, far exceeding traditional IPOs.</p><p>SPACs seem to be trending towards disrupting the traditional IPO market, but extremes always backfire, and signs of the market peaking are beginning to emerge. The recent frenzy surrounding SPACs has raised market concerns, and US regulators are intentionally adjusting regulatory rules. In the long run, policy adjustments and a significant tightening of liquidity will be major uncertainties for the future development of SPACs.</p><p>As an innovative financial instrument, there is equal support and opposition to SPACs. In fact, countries around the world, including the United States, are \"crossing the river by feeling the stones,\" and are generally in the process of exploration and improvement. Looking back at the history of SPACs, they have been adapting to the development of the capital market by continuously optimizing their systems and improving their trading rules.</p><p>A precipitous drop occurred, with the number of Spacipos falling from 110 to 14 in a single month.</p><p>In the past two months, the SEC (Securities and Exchange Commission) has issued new accounting guidelines for SPACs (Special Purpose Acquisition Companies), which have instantly calmed down the SPAC market. On April 12, the U.S. SEC announced that Warrants sold by SPACs should be classified as liabilities rather than equity.</p><p>A Warrant is a right that a public investor can exchange for one share of common stock at a fixed price in the future. From an accounting perspective, these types of warrants were previously classified as \"equity,\" and investors in SPACs purchased them at a specific price to obtain huge returns.</p><p>Since they are liabilities, the promoters need to regularly account for the value of the warrants, which clearly increases the procedural burden for SPAC promoters who seek simplicity. This means that if the value of warrants fluctuates significantly, the affected SPACs will have to restate their financial performance. In other words, if you have already completed your financial statements, initiated a reverse merger and acquisition application, and begun the merger and acquisition process, then you may need to redo your financial statements in accordance with the new requirements.</p><p>The impact of this move on the market was like pouring cold water on its head. Statistics show that the number of newly established SPACs plummeted in April, from a historical peak of 110 in March to 13 in April, and only 19 in May. Many companies have suspended their SPAC listing applications and begun to readjust their accounting standards.</p><p>Since 2020, the SPAC market has been booming like never before, raising the alarm of overseas regulators. The SEC had previously warned SPAC investors multiple times. In early April, an SEC official said that SPACs had \"some significant but undiscovered\" problems.</p><p>In March, the SEC warned investors that they should not invest in SPACs simply because they are celebrities among their sponsors. Some market analysts have even called SPACs \"the crystallization of wisdom in this era of short-sighted IPOs, a solution after a large number of unicorns were accumulated during the era of massive monetary easing over the past decade, and the king of this round of bubbles.\"</p><p>\"In the past, going public to raise money required going through the IPO process. Why not just give out accounts to retail investors?\", \"Capital's empty promise game is essentially just exploiting retail investors\", \"Getting something for nothing\". This has always been a blind box game for ordinary investors' wealth. SPAC listed car companies have become the hardest hit by collapses. There are widespread doubts about SPACs, this new type of financial instrument.</p><p>In the wealth blind box game, SPAC-listed automakers have become the hardest hit by collapses.</p><p>Beyond the regulatory blow, the brutal market is also becoming an alchemical stone for SPACs. Recently, several new energy vehicle companies in the United States have been exposed for alleged fraud. Most of them went public in 2020 through the SPAC model, and then collapsed one after another within about six months.</p><p>On June 16, according to foreign media reports, Lordstown Motors, a US-listed startup new energy vehicle company, announced that its CEO Steve Burns and CFO Julio Rodriguez have resigned. In October 2020, Lordstown went public on the Nasdaq Stock Exchange through a SPAC under the ticker symbol \"RIDE\".</p><p>On its first day of trading, Lordstown's stock price rose by nearly 20%, but in March of this year, short-selling firm Hindenburg Research accused Lordstown of using fake orders to raise funds for its Endurance electric pickup truck. The pickup truck will still be several years away from production, but Lordstown insists that production of the model will begin as planned in September.</p><p>Six months seems to have become a life-or-death criterion for SPAC listed companies. In March 2020, it was regarded by the industry as the \"truck industry\".<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Nikola Corp. announced its IPO through a reverse merger and Acquisition with SPAC company VectorIQ Acquisition Corp. The deal brings NikolaCorp.'s corporate market capitalization to $3.3 billion and raises approximately $525 million in working capital.</p><p>Just six months after its listing, Nikola Corp. collapsed. In September 2020, Hindenburg Research released a report stating that Nikola Corp. was suspected of falsifying products and technologies. Not only did the company not master the manufacturing technology for hydrogen fuel cells, but it also made dozens of false statements in many aspects, including its semi-trailer trucks, battery technology, hydrogen production, Nikola One, and even its multi-billion dollar orders. Following the release of the report, Nikola Executive Chairman Trevor Milton announced his resignation.</p><p>The collective resignation of the company's senior executives could not save the plummeting stock price. Currently, Nikola Corp.'s stock price is hovering around $15 per share, a drop of nearly 80% from its peak price of $66 per share before being shorted.<img src=\"https://static.tigerbbs.com/9ec57d3a166878fc396f28f04648875f\" tg-width=\"913\" tg-height=\"555\" referrerpolicy=\"no-referrer\">Nicholas Corp. Stock price trend</p><p>The streamlined listing process and more lenient review standards have always been the main reasons why the SPAC model is so popular in the market. However, this is also a double-edged sword. Due to the simple listing process and relatively lax regulation, the SPAC listing model lacks the strict oversight of investment banks, thus harboring significant risks, such as false capital injection by the listed target and business entities not complying with listing regulations.</p><p>The potential for high returns is very attractive to founders and public investors, but the secrets to the SPAC wealth blind box game are only in the hands of a small number of people.</p><p>\"The essence of a SPAC is the monetization of the founder's resources. Therefore, the equity structure of a SPAC naturally gives the founder the investment leverage to acquire a higher proportion of equity at a lower cost,\" said the Sun Jinju research team at Open Source Securities. Founders can set up a SPAC with just $25,000, which translates to no more than 2 cents per share of common stock. However, \"the target of a SPAC acquisition is highly uncertain. Public investors are participating in a blind box game with high potential returns, and the success rate of the game depends on the SPAC founder.\"</p><p>Is the market about to peak? SPACs have been evolving over the past 30 years</p><p>As an innovative financial instrument, countries around the world, including the United States, are actually \"crossing the river by feeling the stones,\" and are generally in the process of exploration and improvement.</p><p>The past year has thrust SPACs into the spotlight of global capital markets. In 2020 alone, 248 SPACs went public, raising over $83 billion, accounting for half of all IPOs in the United States that year. In the first three months of this year, the number of SPACs listed and the amount of funds raised have exceeded the total amount of last year. Private equity giants, business tycoons, and celebrities have all gotten involved in SPACs, making this SPAC quickly \"go viral\".<img src=\"https://static.tigerbbs.com/e3935d6372e6d7a6d74f92c250589da9\" tg-width=\"648\" tg-height=\"368\" referrerpolicy=\"no-referrer\">In order to compete for high-quality companies, major exchanges around the world are also actively promoting and improving the SPAC mechanism.<a href=\"https://laohu8.com/S/S68.SI\">Singapore Exchange</a>On March 31, a public consultation was launched regarding the introduction of the SPAC mechanism, and the SPAC framework is expected to be officially announced as early as mid-2021. Some media reports,<a href=\"https://laohu8.com/S/00388\">Hong Kong Stock Exchange</a>We are also considering developing a SPAC framework suitable for the Hong Kong market, with the goal of launching the first batch of SPACs by the end of the year. It is understood that Hong Kong regulators are considering formulating stricter rules than those in the United States.</p><p>With strong support from the global market, the momentum of SPACs has been unstoppable. Amidst the frenzy, the market seems to be showing signs of peaking. Co-founder of Marshall Wace, a hedge fund managing $55 billion in assets, based in the UK.<a href=\"https://laohu8.com/S/JRJC\">Financial world</a>Paul Marshall, a household name, warned about the SPAC bubble. He said, \"The SPAC phenomenon will end badly, and many people will suffer.\"</p><p>Two major investment giants in the global financial markets have been relentless in criticizing SPACs. \"Gambling with other people's money.\" At this year's shareholders' meeting, Buffett defined the SPAC listing mechanism in this way, while Munger directly called it a kind of \"easy money\" (ill-gotten gains). He doesn't like things that are used to deceive investors and exploit retail investors.</p><p>However, there are also voices of support in the market. Regarding the series of repressive measures taken by US regulators, a market observer named Steven Davidoff Solomon...<a href=\"https://laohu8.com/S/NYT\">New York times</a>The article states that although some SPACs are too aggressive or go public too early, or even announce erroneous and false business plans, it cannot be denied that SPACs have revived the IPO market for small and emerging growth companies over the past 20 years.</p><p>Since GKN Securities launched SPACs into the market in 1993, nearly 30 years ago, the trading rules and regulations for SPACs have been constantly being adjusted and improved. For example, the recent deal between another hedge fund tycoon, Bill Ackman, and Universal Music, which has attracted much attention. Media reports indicate that Ackman's SPAC, Pershing Square Tontine Holding (PSTH), is in talks with Universal Music regarding a merger. This could be the largest deal in the SPAC frenzy, with the combined company valued at $40 billion.</p><p>In this transaction, Ackman created a new type of SPAC called SPARC (Special Purpose Acquisition Rights Company), which addresses some of the current shortcomings of SPACs, such as not tiing up investor funds until the transaction is completed. This is considered the third generation evolution of SPACs.</p><p>In the long run, the Federal Reserve's rate hike policy is also a sharp sword hanging over SPACs. Once a liquidity tightening occurs, the secondary market tide will recede, and the naked swimmers will also surface. Although the Federal Reserve announced on June 16 that it would maintain the Federal Funds rate target range at 0-0.25%, which was in line with market expectations. However, most Federal Reserve officials predict that rate hike will arrive as early as 2023.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/497190.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4d8b4ef5e124da060f276a5c2f3dd5af","relate_stocks":{"TQQQ":"纳指三倍做多ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF","QID":"两倍做空纳斯达克指数ETF-ProShares","SQQQ":"纳指三倍做空ETF"},"source_url":"http://www.zhitongcaijing.com/content/detail/497190.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2144154703","content_text":"经历了一季度的火爆，短短2个月，狂热的SPAC就凉了。2021年3月，SPAC IPO数量攀至110个的历史顶峰之后，4月瞬间悬崖式下跌至13个，5月为19个。最近一年单月SPAC IPO数量,制图：钛媒体\n热钱凶猛，让SPAC从2020年开始一路狂奔，如今市场开始恢复常态。2020年一整年，共有248家SPAC公司在美股上市，募资总额达到840多亿美元，超过SPAC往年的IPO募资总和。2021年一季度市场依旧火爆，SPAC IPO数已达308起，超越去年全年总和，募资规模达996亿美元，远超传统IPO。\nSPAC似有颠覆传统IPO市场的趋势，但物极必反，市场见顶的迹象初露端倪。这段时间，SPAC的狂热已经引起市场警惕，美国监管层正在有意进行监管规则的调整。长期来看，相关政策调整、流动性大幅收紧等都将是SPAC未来发展的重大不确定性因素。\n作为一个创新型的金融工具，对SPAC支持和反对的声音同样高涨。事实上，包括美国在内的世界各国都在“摸着石头过河”，总体上，都处于探索、完善的过程。回顾SPAC的前世今生，SPAC一直在通过不断优化制度、完善交易规则来适应资本市场的发展。\n断崖式下跌，单月SPACIPO数量从110到14\n最近两个月，SEC(美国证券交易委员会)发布的一则针对SPAC(特殊目的收购公司)的新会计指南，让SPAC市场瞬间恢复了冷静。4月12日，美国SEC宣布SPAC出售的认股权证(Warrants)应分类为负债而不是股权。\nWarrant是公众投资人将来可以按固定价格兑换一股普通股的权利。从会计的角度上看，此前，该类认股权证被归为“股本”，SPAC的投资者以特定的价格购买以此获得巨大收益。\n既是负债，发起人就需要定期核算认股权证的价值，这明显给追求简便的SPAC发起人增加了手续上的负担。这意味着，如果认股权证的价值波动较大，受影响的SPAC将必须要重述他们的财务业绩。也就是说，如果你已经做完了财报，发起了反向并购申请，开始走并购程序，那么你可能要按照新要求重新做一遍财报。\n此举对市场的影响犹如当头泼了一盆冷水。统计显示，4月新设立的SPAC数量发生骤减，从3月的历史峰值110个断崖式下跌至4月的13个，5月也仅有19个。很多公司暂停了SPAC上市申请，并开始就会计准则作出了重新调整。\n2020年以来，SPAC市场空前火爆，已经引发海外监管机构的警惕，此前SEC就已多次警示SPAC的投资者，4月初，SEC的一位官员表示，SPAC存在“一些重大但尚未发现的”问题。\n3月，SEC曾警告投资者，投资SPAC不应仅因为SPAC发起人中的明星而进行投资。有市场人士更是称SPAC是“这个急功近利的IPO时代的智慧结晶，是过去十年大放水时代里囤积出大量独角兽后的解决方案，更是这一轮的泡沫之王”。\n“以前上市圈钱还走一下IPO流程，不如直接给韭菜发帐号吧”、“资本画饼游戏实质还是割韭菜”、“空手套白狼”，一直以来普通投资人财富盲盒游戏，SPAC上市车企已成爆雷重灾区对SPAC这种新型的金融工具的各种质疑普遍存在。\n财富盲盒游戏，SPAC上市车企已成爆雷重灾区\n监管的当头一棒之外，残酷的市场也正成为SPAC的炼金石。近日，美国多家新能源车企被曝涉嫌造假，其中大部分车企都是通过SPAC模式在2020年实现上市，而后在半年左右的时间内相继爆雷。\n6月16日，据外媒消息，美股上市初创新能源车企LordstownMotors宣布，公司首席执行官史蒂夫伯恩斯和首席财务官胡里奥罗德里格斯已经辞职。2020年10月，Lordstown通过SPAC在纳斯达克证券交易所上市，股票代码为 \"RIDE\"。\n上市首日，Lordstown股价一度上涨近20%，但今年3月，做空机构HindenburgResearch指控Lordstown使用虚假订单为其Endurance电动皮卡筹集资金。该款皮卡仍需要数年才能投入生产，但Lordstown坚称将在9月按计划开始生产该车型。\n半年似乎成了SPAC上市公司的一个生死命门。2020年3月，被业内视为“卡车界特斯拉”的Nikola Corp.宣布通过与SPAC公司VectorIQ Acquisition Corp.反向并购上市。该交易使NikolaCorp.的公司市值达到33亿美元，并筹集约5.25亿美元的运营资金。\n上市仅6个月后，Nikola Corp.爆雷。2020年9月，Hindenburg Research发布报告称， Nikola Corp.公司在产品及技术方面涉嫌造假，不仅该公司并未掌握氢燃料电池的制造技术，其半挂式卡车、电池技术、氢气生产、Nikola One甚至其数十亿美元大订单等诸多方面也存在数十个虚假声明。报告发布后，Nikola执行董事长Trevor Milton宣布了辞职。\n公司高层集体辞职，也拯救不了一路下跌的股价。目前，Nikola Corp.股价在15美元/股上下徘徊，相比被做空前66美元/股的峰值股价已跌去近80%。Nikola Corp.股价走势\n一直以来，上市程序更精简，审查标准更宽松都是SPAC模式备受市场推崇的主要原因。但这也是一把双刃剑，由于上市流程简单、监管相对较松，SPAC上市模式相对缺乏投资银行的严格把关，因而埋藏了较大风险，比如上市标的虚假注资、业务主体不合上市规范等。\n潜在高额回报对创始人和公众投资者具有很强的吸引力，但SPAC财富盲盒游戏的密码只掌握在一小部分人手里。\n“SPAC的本质是创始人的资源变现，因此SPAC在股权结构的设置上天然赋予了创始人以较低成本获取较高比例股权的投资杠杆。”开源证券孙金钜研究团队表示。创始人仅需2.5万美元即可成立一个SPAC，折算下来，普通股每股价格不超过2美分。但“SPAC收购标的具有高度不确定性，公众投资者参与的是潜在收益率颇高的盲盒游戏，而游戏的胜率取决于SPAC创始人”。\n市场快见顶了?30年间SPAC一直在不断演变\n作为一个创新型的金融工具，事实上包括美国在内的世界各国都在“摸着石头过河”，总体上，都处于探索、完善的过程。\n过去的一年把SPAC彻底推上了全球资本市场的风口浪尖。单是2020年一年，共有248家SPAC上市，募资超830亿美元，占美国全年IPO的半壁江山。今年前三个月，SPAC的上市数量和募资金额已经超过去年全年。PE巨头、商界大佬及明星富豪等纷纷涉足SPAC，让这场SPAC快速“出圈”。为了抢夺优质公司，世界各大交易所也在积极推进和完善SPAC机制。新加坡交易所3月31日就引入SPAC机制向公众展开了咨询，预计最快在2021年年中正式公布SPAC框架。有媒体报道，香港交易所也正考虑制定适合香港市场的SPAC框架，目标是在年底迎来首批SPAC。据悉，香港监管机构考虑制定比美国更严格的规则。\n在全球市场的大力推崇之下，SPAC的势头一发不可收拾。热炒之下，市场似乎在透露出见顶的信号。掌管550亿美元资产的对冲基金Marshall Wace的共同创始人、在英国金融界无人不晓的大腕保罗·马歇尔(Paul Marshall)对SPAC泡沫发出警告。他说：“SPAC现象将以糟糕的结局收场，而且很多人会受害。”\n全球金融市场的两大投资泰斗更是毫不留情的批评SPAC。“用别人的钱来赌博。”在今年的股东大会上，巴菲特给SPAC这一上市机制下了如此定义，芒格则直接说这是一种“easy money\"(不义之财)，他不喜欢这种用来骗人投资割韭菜的东西。\n但是市场上也不乏支持的声音。对于美国监管层的一系列压制措施，一位名叫Steven Davidoff Solomon的市场观察人士在纽约时报上撰文表示，虽然一些SPAC过于激进或者过早上市，甚至公布错误虚假的商业计划，但是，不能否认的一点是，过去20年SPAC让小公司和新兴成长公司的IPO市场复苏起来。\n自从1993年，美国GKN证券将SPAC推向市场近30年来，SPAC的交易规则制度一直在不断调整完善。比如近期备受关注的另外一位对冲基金大佬Bill Ackman与环球音乐的交易。有媒体报道称Ackman旗下SPAC公司Pershing Square Tontine Holding(PSTH)正在和环球音乐(Universal Music)进行并购方面的磋商，这可能是SPAC狂潮下的最大一笔交易，合并后的新公司估值将达400亿美元。\n这次交易中，Ackman 衍生了一种名为SPARC(特殊目的收购权公司)的新型SPAC形式，解决了SPAC目前运作的一些缺陷，比如在交易完成之前不占用投资者资金。这被认为是SPAC的第三代演变。\n长期来看，美联储的加息政策也是悬在SPAC头上的一把利剑，一旦流动性收紧，二级市场潮水退出，裸泳者也将浮出水面。虽然美国联邦储备委员会在6月16日宣布维持联邦基金利率目标区间在0-0.25%之间不变，符合市场预期。但美联储多数官员预测，加息最早会在2023年到来。","news_type":1,"symbols_score_info":{"QLD":0.9,"PSQ":0.9,"QID":0.9,"QQQ":0.9,"TQQQ":0.9,"MNQmain":0.9,"SQQQ":0.9,"NQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186422388,"gmtCreate":1623533471844,"gmtModify":1704205489115,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>?","listText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>?","text":"$SOS Limited(SOS)$?","images":[{"img":"https://static.tigerbbs.com/031b71459c9eb8aa5e9ff764c3aaa443","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186422388","isVote":1,"tweetType":1,"viewCount":2085,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9948275888,"gmtCreate":1680733795145,"gmtModify":1680733798844,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","listText":"[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;[微笑]&nbsp;","text":"[微笑] [微笑] [微笑] [微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948275888","isVote":1,"tweetType":1,"viewCount":5158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898081054,"gmtCreate":1628459546078,"gmtModify":1703506293393,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898081054","repostId":"1178435073","repostType":4,"repost":{"id":"1178435073","kind":"news","weMediaInfo":{"introduction":"有视角的商业资讯交流平台","home_visible":1,"media_name":"虎嗅APP","id":"101","head_image":"https://static.tigerbbs.com/98669fe7974e42f3976b3db47528792d"},"pubTimestamp":1628404892,"share":"https://ttm.financial/m/news/1178435073?lang=en_US&edition=fundamental","pubTime":"2021-08-08 14:41","market":"us","language":"zh","title":"Why was Alibaba so oblivious to the assault on a female employee?","url":"https://stock-news.laohu8.com/highlight/detail?id=1178435073","media":"虎嗅APP","summary":"阿里巴巴的价值观，再一次遭到了全民群嘲。\n今日凌晨（8月8日）阿里强势霸屏热搜，一篇爆料长文让阿里在热搜前三条独占两席，舆论更是一片哗然。\n\n8月7日，有认证为阿里巴巴员工的网友在社交平台发帖称，在出","content":"<p><a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The values have once again been challenged.<a href=\"https://laohu8.com/S/QC7.SI\">the whole people</a>Mass ridicule.</p><p>Early this morning (August 8), Alibaba dominated the trending searches, with a long article revealing that Alibaba occupied two of the top three spots on the trending searches, causing a public uproar.</p><p><img src=\"https://static.tigerbbs.com/2937c21a2436352e0d15d5dbae166ea6\" tg-width=\"1000\" tg-height=\"462\" referrerpolicy=\"no-referrer\"></p><p>On August 7, a netizen verified as an Alibaba employee posted on social media that during a business trip, he was asked by his superiors to drink with a client at a KTV, and after being forced to drink, he was molested by the client. Meanwhile, the female employee reported that after reviewing the hotel video footage, the leader entered the female employee's hotel room multiple times that night, suspected of sexual assault.</p><p><img src=\"https://static.tigerbbs.com/cd191f7c7f608d8fb9d4324a137e8923\" tg-width=\"533\" tg-height=\"842\" referrerpolicy=\"no-referrer\"></p><p>The most bizarre aspect of the incident is that the female employee reported the situation to Alibaba's HR and P10 simultaneously after the incident, but to no avail, ultimately forcing the victim to distribute flyers in Alibaba's canteen to protect her rights.</p><p><img src=\"https://static.tigerbbs.com/1596732e1550023b9559751fdfdccc99\" tg-width=\"1000\" tg-height=\"777\" referrerpolicy=\"no-referrer\"></p><p>Alibaba female employees were assaulted and internally settled for two weeks</p><p>In an 8,000-word post exposing the incident, the female Alibaba employee detailed the events, summarizing them as follows:</p><p>According to the report, the leader who assaulted the female employee was Wang Chengwen of Alibaba. The victim claimed that Wang Chengwen entered her room four times after she was drunk and assaulted her. After the incident, she originally wanted to handle it in a rational and legitimate way to minimize the impact on the company, but in the end, she was met with repeated deception and perfunctory attempts. Currently, she has filed a police report and reiterated two demands; 1. In accordance with company rules and regulations, the relevant leaders will be dismissed, and Alibaba-affiliated companies will never hire them; 2. You need a long vacation to improve your physical and mental health. Finally, she stated frankly: \"The most powerful weapon in the world is the determination to go all out.\"<img src=\"https://static.tigerbbs.com/84478fb960db488be67b86e399557afc\" tg-width=\"370\" tg-height=\"532\" referrerpolicy=\"no-referrer\"></p><p>If all of this description is true, it inevitably raises doubts about Alibaba's values.</p><p>As a company employee, after being assaulted, I first reported the situation to the police and then quickly reported it to the company. However, the attitude of relevant Alibaba officials in handling the victim's complaint was astonishing. According to the latest investigation results released by an independent investigation team led by Jiang Fang (one of Alibaba's eighteen founding employees, nicknamed \"Nun Miejue,\" who served as the head of the anti-corruption department for a long time, special assistant for international business to current Alibaba CEO Daniel Zhang, and deputy chief human resources officer of Alibaba Group), relevant leaders and HRGs were almost in a waiting state for two full weeks after receiving the complaint.</p><p><img src=\"https://static.tigerbbs.com/83997d0086b46400eee50b76f74948b3\" tg-width=\"828\" tg-height=\"1035\" referrerpolicy=\"no-referrer\"></p><p>This forced the victim to run to the canteen on the first floor of Building 8 of the company to hand out flyers and ask for her colleagues' attention. Even so, the flyers were quickly snatched away by the security guard. According to the female Alibaba employee, the security guard even threatened to call the police and arrest her during the shoving.</p><p><img src=\"https://static.tigerbbs.com/2b315527addc78055c8dcbde380544ae\" tg-width=\"368\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>Moreover, according to information later posted by the Alibaba female employee, she was indeed under pressure from the company.</p><p><img src=\"https://static.tigerbbs.com/dbf1db99a253f2f93a6fbd4629d6d8d2\" tg-width=\"365\" tg-height=\"328\" referrerpolicy=\"no-referrer\"></p><p>It's estimated that the relevant leaders and HRG would never have imagined that their actions would not only earn them two related trending topics on Weibo late at night on August 7, but would also make their company go viral again and gain fame in this way.</p><p>In response, Alibaba Chairman and CEO Daniel Zhang posted on Alibaba's internal network in the early hours of August 8, expressing his feelings about the alleged assault of a female colleague by an Alibaba employee, expressing shock, anger, and shame. He also stated:</p><p>We apologize for the indifference and failure to handle this matter promptly by all levels of supervisors. Although the police are still investigating, Alibaba believes that the incident was not promptly addressed after employee feedback, indicating a significant problem. \"Starting with me, starting with the managers, each of us must be deeply moved, reflect, and take action.\"<img src=\"https://static.tigerbbs.com/4c525130cd0b91da7c8e2a561333b9d2\" tg-width=\"676\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p><p>To be honest, you should indeed feel ashamed. As the chairman and CEO of a company, the incident happened on July 27. You and netizens learned about it and were angry at the same time. You didn't hear about it until two weeks later (August 7) due to public opinion. Alibaba only launched an investigation more than ten days after the incident due to public pressure.</p><p>Although, in the early hours of August 8, Alibaba stated that both indecent assault and sexual assault are very serious crimes that Alibaba will never tolerate. Currently, Jinan police are investigating the case. Alibaba has suspended the employee suspected of committing the crime and will fully cooperate with the police investigation, closely monitoring the progress and results of the police investigation.</p><p>The problem is that the \"self-punishment three cups\" punishment imposed by Jiang Fan, president of Taobao, Tmall, and Alimama Business Group, followed by the inertia of female employees being harmed by relevant leaders and HRGs to smooth things over, shows that Alibaba takes such egregious incidents lightly and also exposes the management chaos in Alibaba's management system.</p><p>In response, a friend posted late at night:</p><p>\"I felt terrible late at night. A couple of days ago, I saw someone chatting in a group chat and thought it was a joke, but now it seems it's much more than that. We can't just look at this with the mindset of a bystander. Just a few days ago, the president of Blizzard resigned because of discrimination against women, and a few years ago, Google and Amazon both sparked widespread discussion worldwide due to sexual harassment incidents.\" As both internet technology companies, we hope that this time, in addition to justice and the truth, we can also strive for greater equality for female workers in China. The bad habit of \"hunting\" female subordinates</p><p>Many people believe that the incentive for the harassment of female Alibaba employees lies in the \"drinking culture\".</p><p>Especially for sales-related positions, there is a saying that \"three hours of phone calls are not as good as three glasses of wine\". The rules of toasting and urging people to drink at the dinner table are deeply ingrained even in large internet companies—there are gentle breezes and rain when pouring wine, hidden meanings when toasting, hypocrisy when urging people to drink, and the clinking of glasses is full of human relationships and conflicts. The essence of the drinking party has also become a highly utilitarian social event.</p><p>For example, in a recent article, \"Geometry Girl\" wrote on review: \"The full text of Alibaba's internal network shows that the female employee of Alibaba returned to Hangzhou on August 2 and immediately reported the incident of assault to Jiu Rong (head of Taoxianda), Yueer (HRG), and Gan Qiliang (pseudonym Agan, head of Taoxianda LKA), the leaders of her business unit, Alibaba's Taoxianda, and demanded that Alibaba dismiss the perpetrator, Wang Chengwen (Qu Yi), and never hire him.\"</p><p><img src=\"https://static.tigerbbs.com/6adbfd8f9aee06d186752b55af5fef3f\" tg-width=\"600\" tg-height=\"625\" referrerpolicy=\"no-referrer\"></p><p>Contents of the flyer for female employees of Alibaba seeking help</p><p>On the day the complaint was filed, Wang Chengwen's direct supervisor, Gan Qiliang, contacted him privately: \"These are all business-related issues. I often have to travel for work, so I knew there would be problems.\" He then asked the victimized female employee: \"Do you think Jinan Hualian can negotiate business with some northern merchants in the future without drinking alcohol?\"</p><p>A financial professional told Huxiu, \"Large companies stand at the top of the compensation system, and the compensation often determines the upper limit of tolerance. Therefore, some managers take it for granted that female subordinates are willing to sacrifice some things beyond their abilities—such as being taken advantage of.\"</p><p>Therefore, on the surface, Alibaba's P7 is considered a social elite, but at heart, when it comes to gatherings, it's still the same old style as a village boss hosting a banquet, and they look just as disheveled at the dinner table.</p><p>In addition, the destructive power of the bad habit of encouraging drinking lies in the gradual blurring of the boundaries between public and private. For example, in this incident, Alibaba's leadership went from condoning a customer's physical assault on a female subordinate to entering the female subordinate's room four times and even assaulting her, which is a typical example of power expansion.</p><p>In essence, he is a symbol of power coercing the next \"ugly\" person. The \"dominant\" workplace culture he believes in often manifests itself in a crude manner. He naturally classifies his subordinates as vassals of power, and even uses the guise of \"training\" and \"valuing\" them, completely disregarding the basic common sense of human rights equality at gatherings and whether his own behavior is illegal.</p><p>Some netizens have suggested that with such frequent incidents, could the relevant regulations be written into the company's articles of association to detail internal control measures?</p><p>Frankly speaking, even if some companies are willing to do this, it is very difficult to implement and define such private regulations. Therefore, when faced with leaders, especially female subordinates, who brazenly abuse their power and ask to accompany them to drinks, one should muster the courage to refuse.</p><p>As an employee of a large company lamented on her WeChat Moments, \"Even if you have worked hard to get into a top-tier company in the industry, thinking that you can be protected by the rules and ethics of the modern workplace, you may still encounter unimaginable harm. Especially when you hear the saying that they 'consciously only hire men and not women', what you don't care about today will be the tomorrow of all working women.\"</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 was Alibaba so oblivious to the assault on a female employee?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy was Alibaba so oblivious to the assault on a female employee?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/101\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/98669fe7974e42f3976b3db47528792d);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">虎嗅APP </p>\n<p class=\"h-time smaller\">2021-08-08 14:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/BABA\">Alibaba</a>The values have once again been challenged.<a href=\"https://laohu8.com/S/QC7.SI\">the whole people</a>Mass ridicule.</p><p>Early this morning (August 8), Alibaba dominated the trending searches, with a long article revealing that Alibaba occupied two of the top three spots on the trending searches, causing a public uproar.</p><p><img src=\"https://static.tigerbbs.com/2937c21a2436352e0d15d5dbae166ea6\" tg-width=\"1000\" tg-height=\"462\" referrerpolicy=\"no-referrer\"></p><p>On August 7, a netizen verified as an Alibaba employee posted on social media that during a business trip, he was asked by his superiors to drink with a client at a KTV, and after being forced to drink, he was molested by the client. Meanwhile, the female employee reported that after reviewing the hotel video footage, the leader entered the female employee's hotel room multiple times that night, suspected of sexual assault.</p><p><img src=\"https://static.tigerbbs.com/cd191f7c7f608d8fb9d4324a137e8923\" tg-width=\"533\" tg-height=\"842\" referrerpolicy=\"no-referrer\"></p><p>The most bizarre aspect of the incident is that the female employee reported the situation to Alibaba's HR and P10 simultaneously after the incident, but to no avail, ultimately forcing the victim to distribute flyers in Alibaba's canteen to protect her rights.</p><p><img src=\"https://static.tigerbbs.com/1596732e1550023b9559751fdfdccc99\" tg-width=\"1000\" tg-height=\"777\" referrerpolicy=\"no-referrer\"></p><p>Alibaba female employees were assaulted and internally settled for two weeks</p><p>In an 8,000-word post exposing the incident, the female Alibaba employee detailed the events, summarizing them as follows:</p><p>According to the report, the leader who assaulted the female employee was Wang Chengwen of Alibaba. The victim claimed that Wang Chengwen entered her room four times after she was drunk and assaulted her. After the incident, she originally wanted to handle it in a rational and legitimate way to minimize the impact on the company, but in the end, she was met with repeated deception and perfunctory attempts. Currently, she has filed a police report and reiterated two demands; 1. In accordance with company rules and regulations, the relevant leaders will be dismissed, and Alibaba-affiliated companies will never hire them; 2. You need a long vacation to improve your physical and mental health. Finally, she stated frankly: \"The most powerful weapon in the world is the determination to go all out.\"<img src=\"https://static.tigerbbs.com/84478fb960db488be67b86e399557afc\" tg-width=\"370\" tg-height=\"532\" referrerpolicy=\"no-referrer\"></p><p>If all of this description is true, it inevitably raises doubts about Alibaba's values.</p><p>As a company employee, after being assaulted, I first reported the situation to the police and then quickly reported it to the company. However, the attitude of relevant Alibaba officials in handling the victim's complaint was astonishing. According to the latest investigation results released by an independent investigation team led by Jiang Fang (one of Alibaba's eighteen founding employees, nicknamed \"Nun Miejue,\" who served as the head of the anti-corruption department for a long time, special assistant for international business to current Alibaba CEO Daniel Zhang, and deputy chief human resources officer of Alibaba Group), relevant leaders and HRGs were almost in a waiting state for two full weeks after receiving the complaint.</p><p><img src=\"https://static.tigerbbs.com/83997d0086b46400eee50b76f74948b3\" tg-width=\"828\" tg-height=\"1035\" referrerpolicy=\"no-referrer\"></p><p>This forced the victim to run to the canteen on the first floor of Building 8 of the company to hand out flyers and ask for her colleagues' attention. Even so, the flyers were quickly snatched away by the security guard. According to the female Alibaba employee, the security guard even threatened to call the police and arrest her during the shoving.</p><p><img src=\"https://static.tigerbbs.com/2b315527addc78055c8dcbde380544ae\" tg-width=\"368\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>Moreover, according to information later posted by the Alibaba female employee, she was indeed under pressure from the company.</p><p><img src=\"https://static.tigerbbs.com/dbf1db99a253f2f93a6fbd4629d6d8d2\" tg-width=\"365\" tg-height=\"328\" referrerpolicy=\"no-referrer\"></p><p>It's estimated that the relevant leaders and HRG would never have imagined that their actions would not only earn them two related trending topics on Weibo late at night on August 7, but would also make their company go viral again and gain fame in this way.</p><p>In response, Alibaba Chairman and CEO Daniel Zhang posted on Alibaba's internal network in the early hours of August 8, expressing his feelings about the alleged assault of a female colleague by an Alibaba employee, expressing shock, anger, and shame. He also stated:</p><p>We apologize for the indifference and failure to handle this matter promptly by all levels of supervisors. Although the police are still investigating, Alibaba believes that the incident was not promptly addressed after employee feedback, indicating a significant problem. \"Starting with me, starting with the managers, each of us must be deeply moved, reflect, and take action.\"<img src=\"https://static.tigerbbs.com/4c525130cd0b91da7c8e2a561333b9d2\" tg-width=\"676\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p><p>To be honest, you should indeed feel ashamed. As the chairman and CEO of a company, the incident happened on July 27. You and netizens learned about it and were angry at the same time. You didn't hear about it until two weeks later (August 7) due to public opinion. Alibaba only launched an investigation more than ten days after the incident due to public pressure.</p><p>Although, in the early hours of August 8, Alibaba stated that both indecent assault and sexual assault are very serious crimes that Alibaba will never tolerate. Currently, Jinan police are investigating the case. Alibaba has suspended the employee suspected of committing the crime and will fully cooperate with the police investigation, closely monitoring the progress and results of the police investigation.</p><p>The problem is that the \"self-punishment three cups\" punishment imposed by Jiang Fan, president of Taobao, Tmall, and Alimama Business Group, followed by the inertia of female employees being harmed by relevant leaders and HRGs to smooth things over, shows that Alibaba takes such egregious incidents lightly and also exposes the management chaos in Alibaba's management system.</p><p>In response, a friend posted late at night:</p><p>\"I felt terrible late at night. A couple of days ago, I saw someone chatting in a group chat and thought it was a joke, but now it seems it's much more than that. We can't just look at this with the mindset of a bystander. Just a few days ago, the president of Blizzard resigned because of discrimination against women, and a few years ago, Google and Amazon both sparked widespread discussion worldwide due to sexual harassment incidents.\" As both internet technology companies, we hope that this time, in addition to justice and the truth, we can also strive for greater equality for female workers in China. The bad habit of \"hunting\" female subordinates</p><p>Many people believe that the incentive for the harassment of female Alibaba employees lies in the \"drinking culture\".</p><p>Especially for sales-related positions, there is a saying that \"three hours of phone calls are not as good as three glasses of wine\". The rules of toasting and urging people to drink at the dinner table are deeply ingrained even in large internet companies—there are gentle breezes and rain when pouring wine, hidden meanings when toasting, hypocrisy when urging people to drink, and the clinking of glasses is full of human relationships and conflicts. The essence of the drinking party has also become a highly utilitarian social event.</p><p>For example, in a recent article, \"Geometry Girl\" wrote on review: \"The full text of Alibaba's internal network shows that the female employee of Alibaba returned to Hangzhou on August 2 and immediately reported the incident of assault to Jiu Rong (head of Taoxianda), Yueer (HRG), and Gan Qiliang (pseudonym Agan, head of Taoxianda LKA), the leaders of her business unit, Alibaba's Taoxianda, and demanded that Alibaba dismiss the perpetrator, Wang Chengwen (Qu Yi), and never hire him.\"</p><p><img src=\"https://static.tigerbbs.com/6adbfd8f9aee06d186752b55af5fef3f\" tg-width=\"600\" tg-height=\"625\" referrerpolicy=\"no-referrer\"></p><p>Contents of the flyer for female employees of Alibaba seeking help</p><p>On the day the complaint was filed, Wang Chengwen's direct supervisor, Gan Qiliang, contacted him privately: \"These are all business-related issues. I often have to travel for work, so I knew there would be problems.\" He then asked the victimized female employee: \"Do you think Jinan Hualian can negotiate business with some northern merchants in the future without drinking alcohol?\"</p><p>A financial professional told Huxiu, \"Large companies stand at the top of the compensation system, and the compensation often determines the upper limit of tolerance. Therefore, some managers take it for granted that female subordinates are willing to sacrifice some things beyond their abilities—such as being taken advantage of.\"</p><p>Therefore, on the surface, Alibaba's P7 is considered a social elite, but at heart, when it comes to gatherings, it's still the same old style as a village boss hosting a banquet, and they look just as disheveled at the dinner table.</p><p>In addition, the destructive power of the bad habit of encouraging drinking lies in the gradual blurring of the boundaries between public and private. For example, in this incident, Alibaba's leadership went from condoning a customer's physical assault on a female subordinate to entering the female subordinate's room four times and even assaulting her, which is a typical example of power expansion.</p><p>In essence, he is a symbol of power coercing the next \"ugly\" person. The \"dominant\" workplace culture he believes in often manifests itself in a crude manner. He naturally classifies his subordinates as vassals of power, and even uses the guise of \"training\" and \"valuing\" them, completely disregarding the basic common sense of human rights equality at gatherings and whether his own behavior is illegal.</p><p>Some netizens have suggested that with such frequent incidents, could the relevant regulations be written into the company's articles of association to detail internal control measures?</p><p>Frankly speaking, even if some companies are willing to do this, it is very difficult to implement and define such private regulations. Therefore, when faced with leaders, especially female subordinates, who brazenly abuse their power and ask to accompany them to drinks, one should muster the courage to refuse.</p><p>As an employee of a large company lamented on her WeChat Moments, \"Even if you have worked hard to get into a top-tier company in the industry, thinking that you can be protected by the rules and ethics of the modern workplace, you may still encounter unimaginable harm. Especially when you hear the saying that they 'consciously only hire men and not women', what you don't care about today will be the tomorrow of all working women.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ca2161e8ddb469de4171b1fb09459c6b","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178435073","content_text":"阿里巴巴的价值观，再一次遭到了全民群嘲。\n今日凌晨（8月8日）阿里强势霸屏热搜，一篇爆料长文让阿里在热搜前三条独占两席，舆论更是一片哗然。\n\n8月7日，有认证为阿里巴巴员工的网友在社交平台发帖称，在出差过程，其被领导要求在KTV陪客户喝酒，被灌酒后遭到客户猥亵。同时，女员工举报称，事后查看酒店录像，当天夜里该领导多次进入女员工酒店房间，涉嫌性侵。\n\n而事件最吊诡的地方在于，该女员工事发后同时向阿里HR及P10反馈相关情况后均了无结果，最后逼得受害者只能在阿里食堂发传单维权。\n\n阿里女员工被侵害，内部和稀泥两周\n在一份长达8000字的爆料帖子中，该阿里女员工详细叙述了事发经过，大致总结如下：\n\n 据爆料显示，侵害女员工的领导为阿里的王成文，受害者称王成文在其醉酒之后四次进入其房间，对她实施侵害。事件发生后，她原本想用理智正当的方式来处理这件事，尽可能减少对公司造成的影响，可是最后换来的却是一次又一次的欺骗和敷衍。目前，她已经报案，并重申了两点诉求；1、依据公司规章制度，开除相关领导， 且阿里系的公司对其永不录用；2、需要一段长假，调理身心健康。 最后，她直言道：“世界上最厉害的武器，是豁出去的决心。\n\n\n如果该描述全部属实，不得不让人对阿里这家公司的价值观产生怀疑。\n作为公司员工，在被侵害后先报警后迅速向公司反映情况，结果阿里内部相关负责人对受害者控诉的处置态度还是让人叹为观止——据阿里巴巴内部由蒋芳（阿里巴巴十八名创始员工之一，花名“灭绝师太”，曾长期担任廉正反腐部门的主管，现任阿里巴巴CEO张勇的国际业务特别助理兼阿里巴巴集团副首席人力官）牵头成立的独立调查组最新公布调查结果显示，足足两周时间相关领导及HRG在接到投诉后几乎处于一个等待状态？\n\n这才逼得受害者不得不跑到公司 8 号楼 1 楼饭堂发传单求同事关注，即便如此还是很快被保安抢走了传单，并据该阿里女员工表述，在推搡中保安甚至扬言要报警把她抓走。\n\n而且，据该阿里女员工后来晒出的信息显示，自己确实受到了公司方面的压力。\n\n估计当初相关领导及HRG也不会想到，其行为不仅能在8月7日深夜换回两条相关词条微博热搜，还让自家公司以这样的方式再次出圈，博得大名。\n对此，阿里巴巴董事局主席兼CEO张勇8月8日凌晨在阿里内网发帖，用震惊、气愤、羞愧，表达对阿里一员工涉嫌侵犯女同事事件的感受。他同时表示：\n\n 为此事中各级主管的冷漠和没有及时处理道歉。尽管警方仍在调查阶段，但阿里内部认为，事情在员工反馈后没有得到迅速的响应处理，存在重大问题。“从我开始，从管理者开始，我们每一个人必须有深刻的触动、反思和行动”。\n\n\n说实话，您确实应该感到羞愧，作为一家公司董事长兼CEO，事情在7月27日发生，您竟然和网友知情、气愤的时间一致——直到两周后（8月7日）才因舆情发酵听说此事，阿里在事发十多天后才因为舆论压力启动调查。\n虽然，8月8日凌晨，阿里巴巴方面表态，无论是猥亵还是性侵，都是非常严重的犯罪行为，阿里巴巴决不容忍。目前，济南警方已对该案进行调查，阿里巴巴已对涉嫌施害的员工停职，并将全力配合警方调查，密切关注警方调查进展和结果。\n问题是，前有淘宝、天猫、阿里妈妈事业群总裁蒋凡“自罚三杯”式的处罚，后有女员工被侵害相关领导及HRG和稀泥的惯性，这既显示出阿里巴巴对如此恶劣事件的轻视，也暴露出阿里管理体系存在的管理乱象。\n对此，有朋友深夜发文表示：\n\n “大晚上整个人都不好了，前两天看到有人在群里聊还以为是个玩笑，现在看来远不止如此，这个事情不能用吃瓜的心态来看。几天前暴雪总裁才因为歧视女性辞职，再往前几年，Google、Amazon都曾因为性骚扰事件在世界范围内引起广泛讨论。同样是互联网科技企业，希望这一次除了公道和真相，也能为国内女性劳动者争取更多平等蹲一个后续。”\n\n“围猎”女下属的陋习\n很多人觉得，阿里女员工被侵害的诱因在于“酒桌文化”。\n尤其对于销售属性的岗位而言，流传着 “三小时电话抵不过三杯酒” 的说法。酒桌上那一套敬酒、劝酒的规矩即便在互联网大厂也是根深蒂固——斟酒时斜风细雨，敬酒时话里藏事，劝酒时口是心非，觥筹交错之间全是人情和冲突，酒局的本质也变成了极具功利性的social。\n比如，“几何小姐姐”在最新文章中复盘道：阿里巴巴内网全文显示，阿里女员工8月2日回到杭州，立即将受侵害事件报告了自己所在BU——阿里淘鲜达的领导九戎（淘鲜达负责人）、悦尔（HRG）、甘启梁（花名阿甘，淘鲜达 LKA 负责人），要求阿里开除施害者王成文（曲一），永不录用。\n\n阿里女员工求助传单内容\n结果投诉当日，王成文的直属领导甘启梁前来私聊：“都是业务性质的的问题，经常要出差，我早就知道要出问题。”又问受害女员工：“你觉得不喝酒，这个济南华联和一些北方的商户以后的业务能谈下来吗？”\n某位金融从业者就告诉虎嗅，“大厂站在薪酬体系塔尖，待遇往往决定了忍容的上限，所以有管理者想当然认为女下属愿意牺牲一部分能力之外的东西——比如被揩油。”\n所以，表面上阿里P7已经算是社会精英阶层，但骨子里搞起聚会，还是村头土老板宴请那一套，在酒桌上一样狼狈不堪。\n除此之外，劝酒陋习的破坏力还在于逐渐模糊了公与私的界限。比如在该事件中，阿里领导从纵容客户对女下属动手动脚到自己四次进入女下属房间甚至实施侵害，就是典型的权力膨胀。\n本质上，他是权力裹挟下一个“丑”的符号。而他信奉的这套“统治性”职场文化往往以粗暴的形式示人，内心理所当然将下属归类成权利的附庸，还打着“培养”和“重视”的旗号，完全罔顾聚会上人权平等以及自身行为是否违法的基本常识。\n有网友说，这类事件频出，是不是可以把相关规定写到公司章程里，细化出内控措施？\n可以坦诚的说，即便有企业愿意这样做，但如此私人化的规定实行和界定起来都非常困难，所以，面对肆无忌惮滥用职权要求陪酒的领导，尤其女下属，应该鼓起勇气拒绝。\n诚如一位大厂员工在朋友圈感慨的那样，“哪怕已经努力去了行业top的超大企业，以为能被现代社会职场的规则和伦理所保护，却还是有可能遇到想象不到的伤害，尤其在听到‘已经有意识地只招男生不招女生’的说法时，你毫不在意的今天，会是所有职场女性的明天。”","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":4327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806104677,"gmtCreate":1627638127899,"gmtModify":1703493844259,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806104677","repostId":"1185291608","repostType":4,"isVote":1,"tweetType":1,"viewCount":5014,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143823612,"gmtCreate":1625788449436,"gmtModify":1703748450807,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143823612","repostId":"2149632317","repostType":4,"repost":{"id":"2149632317","kind":"news","pubTimestamp":1625715666,"share":"https://ttm.financial/m/news/2149632317?lang=en_US&edition=fundamental","pubTime":"2021-07-08 11:41","market":"hk","language":"zh","title":"US Treasury yields have plummeted again; is the sky-high true for US tech stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2149632317","media":"智通财经","summary":"周三公布的6月FMOC会议纪要，作为立场“转鹰”的关键节点，任何超预期的鹰派表态都可能引发股债异动。\n然而，美联储6月会议记录显示，官员们认为经济复苏尚未实现“实质性进展”目标。周三10年期美债收益率","content":"<p>The minutes of the June FMOC meeting, released on Wednesday, serve as a key milestone in the \"hawkish\" stance, and any unexpectedly hawkish statement could trigger unusual fluctuations in stocks and bonds.</p><p>However, the minutes of the Federal Reserve's June meeting showed that officials believed the economic recovery had not yet achieved its goal of \"substantial progress\". The 10-year U.S. Treasury yield hit a more than four-month low on Wednesday, and U.S. stocks fell more than 5 basis points to 1.294% in early trading, the lowest level since February 17.</p><p><img src=\"https://static.tigerbbs.com/da29078c8013140b59a5b8c53924c08c\" tg-width=\"998\" tg-height=\"657\" referrerpolicy=\"no-referrer\"></p><p>As Jean Paren, an analyst at Credit Consortium, previously stated, the meeting minutes are unlikely to bring many surprises, given that various signs indicate that the current economic recovery is not overheated, which also means that the steps of policy normalization will proceed gradually.</p><p>Zhitong Finance APP noted that with the continued decline in US Treasury yields and Wall Street's concerns about the peak of US economic growth, large technology companies have regained favor with investors. such as<a href=\"https://laohu8.com/S/AAPL\">Apple</a>(AAPL.US) shares rose 1.8% on Wednesday.<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>(AMAZN.US) shares rose nearly 0.6%, hitting a record closing high for the second consecutive trading day. Over the past month, both Apple and Amazon have risen by nearly 15%, far exceeding the S&P 500's 3.1% return.</p><p>Standard Chartered analyst Suki Cooper said that because the meeting minutes were largely in line with market expectations rather than presenting more unexpected hawkish signals, the threshold for tapering the purchase program has not yet been met, and the rise in inflation largely reflects temporary factors.</p><p>Naeem Aslam, chief market analyst at AvaTrade Ltd., also said that monetary policy is expected to remain accommodative as concerns about inflation and rapid economic growth subside.</p><p>Does this mean that the sharp drop in US Treasury yields will further boost the rise in tech stocks?</p><p><b>Under normal circumstances, as US Treasury Bond yields fall, growth stocks, especially those in the technology sector, may have ample room to rise.</b></p><p>ARK Fund founder Cathie Wood's four ARK ETFs, which focus on growth sectors, have collectively attracted more than $1 billion in funding in the past month. With a total return of 15% over the past month, the Ark Innovation ETF ranks among the top ten themed funds. As inflation expectations decline, the rebound momentum of companies with high growth potential may continue.</p><p>As is well known, the U.S. technology industry, in terms of the overall environment, still receives support from the U.S. government. U.S. Senator Schumer previously stated that the Senate is developing a bipartisan plan to invest $100 billion to stimulate research in key U.S. technology fields, improve research capabilities, and transform them into technological products. This includes artificial intelligence, quantum computing, and the semiconductor industry, and this plan has received bipartisan support from the Senate, House of Representatives, Democrats, and Republicans. It aims to maintain the rapid development of American technology and its leading position in the world by increasing investment in the technology industry.</p><p>Looking back at last week, US tech stocks continued to decline, with rumors circulating that they might resemble the tech bubble of 2000. Looking at the current strong performance of tech stocks, it seems that investors' anxieties will always be absorbed. It still depends on solid data research, and the market will eventually return to a rational track from various emotional fluctuations.</p>","source":"stock_zhitongcaijing","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>US Treasury yields have plummeted again; is the sky-high true for US tech stocks?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Treasury yields have plummeted again; is the sky-high true for US tech stocks?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2021-07-08 11:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The minutes of the June FMOC meeting, released on Wednesday, serve as a key milestone in the \"hawkish\" stance, and any unexpectedly hawkish statement could trigger unusual fluctuations in stocks and bonds.</p><p>However, the minutes of the Federal Reserve's June meeting showed that officials believed the economic recovery had not yet achieved its goal of \"substantial progress\". The 10-year U.S. Treasury yield hit a more than four-month low on Wednesday, and U.S. stocks fell more than 5 basis points to 1.294% in early trading, the lowest level since February 17.</p><p><img src=\"https://static.tigerbbs.com/da29078c8013140b59a5b8c53924c08c\" tg-width=\"998\" tg-height=\"657\" referrerpolicy=\"no-referrer\"></p><p>As Jean Paren, an analyst at Credit Consortium, previously stated, the meeting minutes are unlikely to bring many surprises, given that various signs indicate that the current economic recovery is not overheated, which also means that the steps of policy normalization will proceed gradually.</p><p>Zhitong Finance APP noted that with the continued decline in US Treasury yields and Wall Street's concerns about the peak of US economic growth, large technology companies have regained favor with investors. such as<a href=\"https://laohu8.com/S/AAPL\">Apple</a>(AAPL.US) shares rose 1.8% on Wednesday.<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>(AMAZN.US) shares rose nearly 0.6%, hitting a record closing high for the second consecutive trading day. Over the past month, both Apple and Amazon have risen by nearly 15%, far exceeding the S&P 500's 3.1% return.</p><p>Standard Chartered analyst Suki Cooper said that because the meeting minutes were largely in line with market expectations rather than presenting more unexpected hawkish signals, the threshold for tapering the purchase program has not yet been met, and the rise in inflation largely reflects temporary factors.</p><p>Naeem Aslam, chief market analyst at AvaTrade Ltd., also said that monetary policy is expected to remain accommodative as concerns about inflation and rapid economic growth subside.</p><p>Does this mean that the sharp drop in US Treasury yields will further boost the rise in tech stocks?</p><p><b>Under normal circumstances, as US Treasury Bond yields fall, growth stocks, especially those in the technology sector, may have ample room to rise.</b></p><p>ARK Fund founder Cathie Wood's four ARK ETFs, which focus on growth sectors, have collectively attracted more than $1 billion in funding in the past month. With a total return of 15% over the past month, the Ark Innovation ETF ranks among the top ten themed funds. As inflation expectations decline, the rebound momentum of companies with high growth potential may continue.</p><p>As is well known, the U.S. technology industry, in terms of the overall environment, still receives support from the U.S. government. U.S. Senator Schumer previously stated that the Senate is developing a bipartisan plan to invest $100 billion to stimulate research in key U.S. technology fields, improve research capabilities, and transform them into technological products. This includes artificial intelligence, quantum computing, and the semiconductor industry, and this plan has received bipartisan support from the Senate, House of Representatives, Democrats, and Republicans. It aims to maintain the rapid development of American technology and its leading position in the world by increasing investment in the technology industry.</p><p>Looking back at last week, US tech stocks continued to decline, with rumors circulating that they might resemble the tech bubble of 2000. Looking at the current strong performance of tech stocks, it seems that investors' anxieties will always be absorbed. It still depends on solid data research, and the market will eventually return to a rational track from various emotional fluctuations.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/509701.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a8642475395bb363eacb86148917e7b","relate_stocks":{"03086":"华夏纳指","TTTN":"老虎中美互联网巨头ETF","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"http://www.zhitongcaijing.com/content/detail/509701.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149632317","content_text":"周三公布的6月FMOC会议纪要，作为立场“转鹰”的关键节点，任何超预期的鹰派表态都可能引发股债异动。\n然而，美联储6月会议记录显示，官员们认为经济复苏尚未实现“实质性进展”目标。周三10年期美债收益率触及逾四个月低位，美股盘初一度跌超5个基点至1.294%，为2月17日以来最低水平。\n\n正如此前东方汇理银行分析师Jean Paren此前表示，此次会议纪要不太可能带来太多惊喜，鉴于种种迹象显示目前经济复苏并没有过热，这也意味着政策正常化的步骤将会逐步推进。\n智通财经APP注意到，随着美债收益率持续回落以及华尔街对美国经济增长见顶的担忧，大型科技公司重获投资者的青睐。如苹果(AAPL.US)股价周三上涨1.8%，亚马逊(AMAZN.US)股价上涨近0.6%，为连续第二个交易日创收盘历史新高。过去一个月，苹果和亚马逊均上涨了近15%，远远超过了标普500指数3.1%的回报率。\n渣打银行分析师SukiCooper表示，因为此次会议纪要与市场预期基本一致，而非呈现更多令人意外的鹰派信号，缩减购计划的门槛尚未达到，通胀上升在很大程度上反映的是临时性因素。\nAvaTradeLtd.的首席市场分析师NaeemAslam亦表示，随着对通胀和经济快速增长的担忧消退，货币政策预计将保持宽松。\n那么是否意味着美债收益率大跌，将再助力科技股上涨一臂之力呢?\n正常情况下，随着美国国债收益率下跌，增长型股票，尤其是科技板块里的增长股，可能有充足的上涨空间。\nARK基金创始人Cathie Wood的4支专注增长板块的方舟ETF在过去一个月里合计吸引了逾10亿美元资金。凭借过去一个月里15%的总回报率，方舟创新ETF位列主题基金前十名。随着通胀预期回落，具有高增长潜力的公司的反弹势头可能会继续下去。\n众所周知，美国的科技产业，从大环境来说，依旧是获美国政府支持的，美国国会参议院舒默此前表示，参议院正在制定一项美国两党都支持的方案，建议投资1000亿美元，刺激美国关键科技领域的研究，提高研究能力以及转化为科技产品的能力。包括人工智能，量子计算到半导体产业，且这项方案是获得参议院，众议院，美国民主党以及共和党两党的支持，即通过增加对科技行业的投资，保持美国科技的高速发展以及在世界上的引先优势。\n回看上一周，持续下跌的美股科技股，到处传着会不会象2000年的科技股泡沫，再看目前科技股的强劲表现，投资者不安的情绪似乎总会被消化，还是要靠扎实的数据研究，市场从各种情绪的波动中总会回到理性轨道上。","news_type":1,"symbols_score_info":{"ZNmain":0.9,"TTTN":0.9,"QNETCN":0.9,"ZFmain":0.9,"UBmain":0.9,"ZBmain":0.9,"03086":0.9,"TNmain":0.9,"ZTmain":0.9}},"isVote":1,"tweetType":1,"viewCount":4690,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155315511,"gmtCreate":1625375360033,"gmtModify":1703741013901,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/155315511","repostId":"2148380082","repostType":4,"repost":{"id":"2148380082","kind":"highlight","pubTimestamp":1625364606,"share":"https://ttm.financial/m/news/2148380082?lang=en_US&edition=fundamental","pubTime":"2021-07-04 10:10","market":"hk","language":"zh","title":"The advanced packaging solutions industry has huge potential. Who will be the next ASML?","url":"https://stock-news.laohu8.com/highlight/detail?id=2148380082","media":"智通财经网","summary":"过去数十年来，摩尔定律犹如法则一般引领了半导体行业的发展，半导体制程持续升级，然而，当先进制程技术已走到5nm、3nm，甚至IBM已经发布了全球首个2nm的芯片制造技术，晶体管大小正不断逼近原子的物理","content":"<p>For decades, Moore's Law has guided the development of the semiconductor industry like a law, leading to continuous upgrades in semiconductor manufacturing processes. However, as advanced manufacturing technologies have reached 5nm, 3nm, and even...<a href=\"https://laohu8.com/S/IBM\">IBM</a>The world's first 2nm chip manufacturing technology has been released, and transistor size is constantly approaching the physical volume limit of atoms.</p><p>When the physical volume of a process reaches its limit and further progress becomes impossible, it signifies the end of the Moore's Law era driven by processes. However, at the same time, applications such as 5G, autonomous driving, artificial intelligence, and the Internet of Things are rapidly emerging, placing higher demands on chip performance. Where is the semiconductor industry headed in the next decade?</p><p>June 2021,<a href=\"https://laohu8.com/S/AMD\">AMD</a>Announcing a partnership<a href=\"https://laohu8.com/S/TSM\">TSMC</a>(TSM.US) has developed 3D Chiplet technology and will mass-produce the corresponding chip by the end of 2021. AMD President and CEO Lisa Su stated that the packaging technology is groundbreaking, employing advanced hybrid bond technology that combines AMD's Chiplet architecture with a 3D stack, providing more than 200 times higher interconnect density than 2D chiplets and 15 times higher density than existing 3D packaging solutions.</p><p>As one of the most outstanding representatives in the two major fields of Fabless and Foundry, these two companies have made judgments about the future development direction of the semiconductor industry, and the general consensus in the industry is: the development of advanced packaging technology.</p><p>Packaging testing involves cutting, wire bonding, plastic sealing, and die-cutting the produced qualified wafers to electrically connect the chip circuit to external components, provide mechanical and physical protection for the chip, and use testing tools provided by integrated circuit design companies to conduct functional and performance tests on the packaged chip.</p><p>Compared to traditional packaging, advanced packaging, as a subsequent manufacturing process, is constantly moving forward, continuously compressing chip volume, improving processing efficiency, enhancing design efficiency, and reducing design costs. In addition, the packaging efficiency (die area/substrate area) of conventional packages is low, and there is great room for improvement. Advanced packaging technology achieves electrical interconnection by replacing lines with points, enabling higher-density integration and greatly reducing waste of space.</p><p><b>What is Advanced Packaging?</b></p><p>Advanced Packaging technologies mainly include Flip-Chip, Wafer Level Packaging (WLP), 2.5D and 3D Packaging, and System-in-Packaging (SiP). SiP technology laid the foundation for the era of advanced Packaging. The emergence of 2D integration technologies, such as Wafer Level Packaging (WLP), Flip-Chip, 3D Packaging, and Through Silicon Via (TSV) technologies, further reduces the connection distance between chips and improves the reaction speed of components, which will continue to advance the pace of advanced Packaging in the future.</p><p>Introduction to the main advanced packaging technologies and their main functions:</p><p><img src=\"https://static.tigerbbs.com/9c62fb531a75f893af16a1760adf918a\" tg-width=\"1080\" tg-height=\"951\" referrerpolicy=\"no-referrer\"></p><p><b>In the era of advanced packaging, the role of packaging and testing equipment is becoming</b></p><p>- Semiconductor equipment investment accounts for over 60% of industrial capital expenditure, making it highly susceptible to monopolies and crucial for investment.</p><p>Equipment investment accounts for more than 60% of capital expenditure in the semiconductor industry. The value of manufacturing, packaging, and testing equipment is large, which directly affects the technical level and yield of semiconductor production.</p><p><img src=\"https://static.tigerbbs.com/7a191b485369c6e83e24aabede4ba93c\" tg-width=\"1040\" tg-height=\"1071\" referrerpolicy=\"no-referrer\"></p><p>According to statistics from CIC, the global semiconductor equipment market reached US$72.4 billion in 2020 and is projected to reach US$102.4 billion by 2025, with a compound annual growth rate of 7.2%. CIC Consulting predicts that the global share of packaging and testing equipment in semiconductor equipment will increase from 16.7% in 2020 to 18.6% in 2025, with a market size of approximately US$19 billion.</p><p>In the packaging process, it can be divided into patches, leads, dicing and testing, rebar cutting and plastic sealing according to steps. Among them, the mounting machine is the most critical and core equipment in the advanced packaging process.</p><p><img src=\"https://static.tigerbbs.com/acf992d2b628ac4f835caec00330de80\" tg-width=\"898\" tg-height=\"873\" referrerpolicy=\"no-referrer\"></p><p><b>A compilation of leading global players in advanced packaging equipment</b></p><p><b>iron</b></p><p>Founded in the Netherlands in 1995, Besi is a leading supplier of semiconductor assembly equipment to the global semiconductor and electronics industries, developing leading assembly processes and equipment for the end-user market for leadframe, substrate and wafer-level packaging applications. The company's product line covers various types of equipment on the packaging line, including 18 types of mounting machines. Mainly covering electronics, mobile internet, automotive, industrial, LED and<a href=\"https://laohu8.com/S/000591\">solar energy</a>Our customers are mainly leading semiconductor manufacturers, assembly subcontractors, and electronics and industrial companies, including many large semiconductor companies such as ASE, Amkor, Foxconn, and Greatek.</p><p><b>ASM</b></p><p>Founded in Hong Kong in 1975 and headquartered in Singapore, ASM Pacific has been listed on the Hong Kong Stock Exchange since 1989. It is the world's first equipment manufacturer to provide technology and solutions for all process steps in semiconductor packaging and electronics production. ASM encompasses the production of most of the equipment used in wafer manufacturing and packaging testing, including 25 types of patch equipment, 12 types of wire bonding machines, 5 types of plastic sealing equipment, 2 types of ribbing equipment, and 6 types of testing equipment. It mainly covers industries such as CIS, computer science, automation electronic equipment, LEDs, and mobile communications.</p><p><b>Capcon</b></p><p>Capcon Limited, established in Hong Kong in 2014 with its R&D center and production headquarters in Singapore, is a high-end equipment manufacturer focusing on advanced packaging equipment. The company's products achieve comprehensive coverage of advanced packaging and mounting processes, including FOWLP (Face Up/Down), POP, MCM, EMCP, Stack Die, SiP, 2.5D/3D, FCCSP, FCBGA, etc. The company is positioned in the field of advanced semiconductor packaging and provides a new generation of advanced packaging and mounting equipment for semiconductor post-processes, such as flip-chip mounting machines, wafer-level mounting machines, POP packaging machines, stacked mounting machines, panel-level mounting machines, and multi-chip mounting machines. Our main customers include TSMC, SunMoon, Silicon Products,<a href=\"https://laohu8.com/S/600584\">JCET Technology</a>、<a href=\"https://laohu8.com/S/002156\">Tongfu Microelectronics</a>, DeeTee et al; Shipments were 15 units in 2020, and are expected to be around 35 units in 2021.</p><p><b>Kulicke & Sofa</b></p><p>Founded in 1956 and headquartered in Singapore, Kulicke & Soffa is a leading global provider of semiconductor packaging and electronic assembly solutions. In recent years, K&S has added advanced packaging, electronic assembly, wedge welding machines and other products through strategic acquisitions and independent research and development. The main customer industries covered include automobiles, consumer electronics, communications, computers, and industry.</p><p>According to statistics from CIC Consulting, Besi, Capcon, and ASM currently occupy the vast majority of the market share of advanced packaging and surface mount equipment in terms of shipments or revenue.</p><p><img src=\"https://static.tigerbbs.com/687915a7f70155ce2037bfce3d1800e4\" tg-width=\"1080\" tg-height=\"1215\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The advanced packaging solutions industry has huge potential. Who will be the next ASML?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe advanced packaging solutions industry has huge potential. Who will be the next ASML?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经网</strong><span class=\"h-time small\">2021-07-04 10:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>For decades, Moore's Law has guided the development of the semiconductor industry like a law, leading to continuous upgrades in semiconductor manufacturing processes. However, as advanced manufacturing technologies have reached 5nm, 3nm, and even...<a href=\"https://laohu8.com/S/IBM\">IBM</a>The world's first 2nm chip manufacturing technology has been released, and transistor size is constantly approaching the physical volume limit of atoms.</p><p>When the physical volume of a process reaches its limit and further progress becomes impossible, it signifies the end of the Moore's Law era driven by processes. However, at the same time, applications such as 5G, autonomous driving, artificial intelligence, and the Internet of Things are rapidly emerging, placing higher demands on chip performance. Where is the semiconductor industry headed in the next decade?</p><p>June 2021,<a href=\"https://laohu8.com/S/AMD\">AMD</a>Announcing a partnership<a href=\"https://laohu8.com/S/TSM\">TSMC</a>(TSM.US) has developed 3D Chiplet technology and will mass-produce the corresponding chip by the end of 2021. AMD President and CEO Lisa Su stated that the packaging technology is groundbreaking, employing advanced hybrid bond technology that combines AMD's Chiplet architecture with a 3D stack, providing more than 200 times higher interconnect density than 2D chiplets and 15 times higher density than existing 3D packaging solutions.</p><p>As one of the most outstanding representatives in the two major fields of Fabless and Foundry, these two companies have made judgments about the future development direction of the semiconductor industry, and the general consensus in the industry is: the development of advanced packaging technology.</p><p>Packaging testing involves cutting, wire bonding, plastic sealing, and die-cutting the produced qualified wafers to electrically connect the chip circuit to external components, provide mechanical and physical protection for the chip, and use testing tools provided by integrated circuit design companies to conduct functional and performance tests on the packaged chip.</p><p>Compared to traditional packaging, advanced packaging, as a subsequent manufacturing process, is constantly moving forward, continuously compressing chip volume, improving processing efficiency, enhancing design efficiency, and reducing design costs. In addition, the packaging efficiency (die area/substrate area) of conventional packages is low, and there is great room for improvement. Advanced packaging technology achieves electrical interconnection by replacing lines with points, enabling higher-density integration and greatly reducing waste of space.</p><p><b>What is Advanced Packaging?</b></p><p>Advanced Packaging technologies mainly include Flip-Chip, Wafer Level Packaging (WLP), 2.5D and 3D Packaging, and System-in-Packaging (SiP). SiP technology laid the foundation for the era of advanced Packaging. The emergence of 2D integration technologies, such as Wafer Level Packaging (WLP), Flip-Chip, 3D Packaging, and Through Silicon Via (TSV) technologies, further reduces the connection distance between chips and improves the reaction speed of components, which will continue to advance the pace of advanced Packaging in the future.</p><p>Introduction to the main advanced packaging technologies and their main functions:</p><p><img src=\"https://static.tigerbbs.com/9c62fb531a75f893af16a1760adf918a\" tg-width=\"1080\" tg-height=\"951\" referrerpolicy=\"no-referrer\"></p><p><b>In the era of advanced packaging, the role of packaging and testing equipment is becoming</b></p><p>- Semiconductor equipment investment accounts for over 60% of industrial capital expenditure, making it highly susceptible to monopolies and crucial for investment.</p><p>Equipment investment accounts for more than 60% of capital expenditure in the semiconductor industry. The value of manufacturing, packaging, and testing equipment is large, which directly affects the technical level and yield of semiconductor production.</p><p><img src=\"https://static.tigerbbs.com/7a191b485369c6e83e24aabede4ba93c\" tg-width=\"1040\" tg-height=\"1071\" referrerpolicy=\"no-referrer\"></p><p>According to statistics from CIC, the global semiconductor equipment market reached US$72.4 billion in 2020 and is projected to reach US$102.4 billion by 2025, with a compound annual growth rate of 7.2%. CIC Consulting predicts that the global share of packaging and testing equipment in semiconductor equipment will increase from 16.7% in 2020 to 18.6% in 2025, with a market size of approximately US$19 billion.</p><p>In the packaging process, it can be divided into patches, leads, dicing and testing, rebar cutting and plastic sealing according to steps. Among them, the mounting machine is the most critical and core equipment in the advanced packaging process.</p><p><img src=\"https://static.tigerbbs.com/acf992d2b628ac4f835caec00330de80\" tg-width=\"898\" tg-height=\"873\" referrerpolicy=\"no-referrer\"></p><p><b>A compilation of leading global players in advanced packaging equipment</b></p><p><b>iron</b></p><p>Founded in the Netherlands in 1995, Besi is a leading supplier of semiconductor assembly equipment to the global semiconductor and electronics industries, developing leading assembly processes and equipment for the end-user market for leadframe, substrate and wafer-level packaging applications. The company's product line covers various types of equipment on the packaging line, including 18 types of mounting machines. Mainly covering electronics, mobile internet, automotive, industrial, LED and<a href=\"https://laohu8.com/S/000591\">solar energy</a>Our customers are mainly leading semiconductor manufacturers, assembly subcontractors, and electronics and industrial companies, including many large semiconductor companies such as ASE, Amkor, Foxconn, and Greatek.</p><p><b>ASM</b></p><p>Founded in Hong Kong in 1975 and headquartered in Singapore, ASM Pacific has been listed on the Hong Kong Stock Exchange since 1989. It is the world's first equipment manufacturer to provide technology and solutions for all process steps in semiconductor packaging and electronics production. ASM encompasses the production of most of the equipment used in wafer manufacturing and packaging testing, including 25 types of patch equipment, 12 types of wire bonding machines, 5 types of plastic sealing equipment, 2 types of ribbing equipment, and 6 types of testing equipment. It mainly covers industries such as CIS, computer science, automation electronic equipment, LEDs, and mobile communications.</p><p><b>Capcon</b></p><p>Capcon Limited, established in Hong Kong in 2014 with its R&D center and production headquarters in Singapore, is a high-end equipment manufacturer focusing on advanced packaging equipment. The company's products achieve comprehensive coverage of advanced packaging and mounting processes, including FOWLP (Face Up/Down), POP, MCM, EMCP, Stack Die, SiP, 2.5D/3D, FCCSP, FCBGA, etc. The company is positioned in the field of advanced semiconductor packaging and provides a new generation of advanced packaging and mounting equipment for semiconductor post-processes, such as flip-chip mounting machines, wafer-level mounting machines, POP packaging machines, stacked mounting machines, panel-level mounting machines, and multi-chip mounting machines. Our main customers include TSMC, SunMoon, Silicon Products,<a href=\"https://laohu8.com/S/600584\">JCET Technology</a>、<a href=\"https://laohu8.com/S/002156\">Tongfu Microelectronics</a>, DeeTee et al; Shipments were 15 units in 2020, and are expected to be around 35 units in 2021.</p><p><b>Kulicke & Sofa</b></p><p>Founded in 1956 and headquartered in Singapore, Kulicke & Soffa is a leading global provider of semiconductor packaging and electronic assembly solutions. In recent years, K&S has added advanced packaging, electronic assembly, wedge welding machines and other products through strategic acquisitions and independent research and development. The main customer industries covered include automobiles, consumer electronics, communications, computers, and industry.</p><p>According to statistics from CIC Consulting, Besi, Capcon, and ASM currently occupy the vast majority of the market share of advanced packaging and surface mount equipment in terms of shipments or revenue.</p><p><img src=\"https://static.tigerbbs.com/687915a7f70155ce2037bfce3d1800e4\" tg-width=\"1080\" tg-height=\"1215\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/506867.html\">智通财经网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bd1fba0b4ee480123e9706ba26636a3e","relate_stocks":{"ASML":"阿斯麦"},"source_url":"http://www.zhitongcaijing.com/content/detail/506867.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2148380082","content_text":"过去数十年来，摩尔定律犹如法则一般引领了半导体行业的发展，半导体制程持续升级，然而，当先进制程技术已走到5nm、3nm，甚至IBM已经发布了全球首个2nm的芯片制造技术，晶体管大小正不断逼近原子的物理体积极限。\n当制程物理体积到达极限之后，无法再继续进步，那就意味着靠制程推动的摩尔定律时代的终结，但与此同时，5G、自动驾驶、人工智能、物联网等应用正快速兴起，对芯片的性能要求更高，半导体行业下一个十年方向在哪里?\n2021年6月，AMD宣布携手台积电(TSM.US)，开发出了3D Chiplet技术，并且将于2021年年底量产相应芯片。AMD总裁兼CEO苏姿丰表示，该封装技术具有突破性，采用先进的hybrid bond技术，将AMD的Chiplet架构与3D堆栈结合，提供比2D Chiplet高出超过200倍的互连密度，以及比现有3D封装解决方案高出15倍的密度。\n作为Fabless和Foundry两大领域最杰出的代表之一，这两家企业对未来半导体行业的发展方向做出的判断以及业内的普遍共识便是：先进封装技术的发展。\n封装测试是将生产出来的合格晶圆进行切割、焊线、塑封、切割成型，使芯片电路与外部器件实现电气连接，并为芯片提供机械物理保护，并利用集成电路设计企业提供的测试工具，对封装完毕的芯片进行功能和性能测试。\n相较于传统封装，先进封装作为制造的后道工序，正不断前移，持续压缩芯片体积、提高加工效率、提高设计效率，并减少设计成本。此外，传统封装的封装效率(裸芯面积/基板面积)较低，存在很大改良的空间。先进封装技术通过以点代线的方式实现电气互联，实现更高密度的集成，大大减小了对面积的浪费。\n什么是先进封装?\n先进封装技术主要包括Flip-Chip(倒装)、Wafer Level Packaging(WLP，晶圆级封装)、2.5D封装和3D封装以及系统级封装(SiP)等，SiP技术奠定了先进封装时代的开局，2D集成技术，如Wafer Level Packaging(WLP，晶圆级封装)、Flip-Chip(倒装)以及3D封装技术、Through Silicon Via(TSV，硅通孔)等技术的出现进一步缩小芯片间的连接距离，提高元器件的反应速度，未来将继续推进着先进封装的脚步。\n目前主要先进封装工艺的介绍及主要作用：\n\n先进封装时代，封测设备作用凸显\n- 半导体设备投资占产业资本支出60%以上，极易形成垄断，对于投资至关重要\n设备投资占半导体产业资本支出的60%以上，制造、封装、测试设备的价值量大，直接影响着半导体生产的技术水平与良率。\n\n根据CIC灼识咨询统计数据，2020年，全球半导体设备市场达到724亿美元，预计到2025年将达到1,024亿美元，复合年增长率为7.2%。CIC灼识咨询预测，全球封测设备在半导体设备中的占比将从2020年的16.7%提升到2025年的18.6%，市场体量将达到约190亿美金。\n在封装流程中，可将其按步骤分为贴片、引线、划片与测试、切筋与塑封。其中，在先进封装过程中贴片机是最关键、最核心的设备。\n\n全球先进封装设备头部玩家梳理\nBesi\nBesi于1995在荷兰成立，是面向全球半导体和电子行业的半导体组装设备的领先供应商，为终端用户市场开发领先的组装工艺和设备，用于引线框架、基板和晶圆级封装应用。公司产品线涵盖封装线上的各类设备，其中包括18种贴片机设备。主要覆盖电子、移动互联网、汽车、工业、LED和太阳能等行业，客户主要是领先的半导体制造商、组装分包商以及电子和工业公司，其中包括ASE、Amkor、富士康、Greatek等多家大型半导体企业。\nASM\nASM Pacific于1975年在香港成立，总部位于新加坡，自1989年起在香港联交所上市，是全球首个为半导体封装及电子产品生产的所有工艺步骤提供技术和解决方案的设备制造商。ASM囊括晶圆制造和封装测试过程中的大部分设备的生产，共有贴片设备25种，焊线机12种，塑封设备5种，切筋设备2种以及6种测试设备。主要覆盖CIS、计算机领域、自动化电子设备、LED、移动通讯等行业。\nCapcon\nCapcon Limited(华封科技有限公司)，于2014年在香港成立，研发中心和生产总部位于新加坡，是聚焦先进封装设备领域的高端装备制造商。公司产品对先进封装贴片工艺实现了全面覆盖，包括FOWLP (Face Up/Down)、POP、MCM、EMCP、Stack Die、SiP、2.5D/3D、FCCSP、FCBGA等公司定位在半导体先进封装领域，针对半导体后道工序提供全新一代先进封装贴片设备，如倒装贴片机、晶圆级贴片机、POP封装机、层叠贴片机、面板级贴片机、多晶片贴片机等。主要服务客户有台积电、日月光、矽品、长电科技、通富微电、DeeTee等;2020年出货量在15台，2021年预计出货量在35台左右。\nKulicke & Soffa\nKulicke & Soffa于1956年成立，总部位于新加坡，是全球领先的半导体封装和电子装配解决方案企业。近年来，K&S通过战略性收购和自主研发，增加了先进封装、电子装配、楔焊机等产品。主要覆盖客户行业为汽车、消费电子、通讯、计算机和工业等。\n据CIC灼识咨询统计，目前先进封装贴片设备，以出货量或收入计，市场中Besi、Capcon和ASM几乎占据市场绝大多数体量。","news_type":1,"symbols_score_info":{"ASML":0.9}},"isVote":1,"tweetType":1,"viewCount":4777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152220455,"gmtCreate":1625298793377,"gmtModify":1703740203649,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/152220455","repostId":"1188688591","repostType":4,"isVote":1,"tweetType":1,"viewCount":6007,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156962607,"gmtCreate":1625191017309,"gmtModify":1703738011003,"author":{"id":"3585774809391416","authorId":"3585774809391416","name":"shellyc","avatar":"https://static.tigerbbs.com/a94100801e5f9c3042bd6e2e15ad8298","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585774809391416","idStr":"3585774809391416"},"themes":[],"title":"","htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/156962607","repostId":"1129796608","repostType":4,"repost":{"id":"1129796608","kind":"news","pubTimestamp":1625190502,"share":"https://ttm.financial/m/news/1129796608?lang=en_US&edition=fundamental","pubTime":"2021-07-02 09:48","market":"sh","language":"zh","title":"With its market capitalization surpassing one trillion yuan, CATL, which was \"escaped,\" is staging a dramatic reversal.","url":"https://stock-news.laohu8.com/highlight/detail?id=1129796608","media":"每日经济新闻","summary":"在发布与特斯拉签订供货框架协议公告后，动力电池巨头宁德时代的股价再度“起飞”。\n6月28日晚，宁德时代发布公告，称公司与特斯拉在6月25日签订了《Production Pricing Agreemen","content":"<p><div>Following the announcement of signing a supply framework agreement with Tesla, the stock price of power battery giant CATL has taken off again. On the evening of June 28, CATL issued an announcement stating that the company signed a \"Production Pricing Agreement\" with Tesla on June 25, and will supply lithium-ion power battery products to Tesla from January 2022 to December 2025. Back in February of last year, the two parties signed an agreement. Production Pricing Agreement (China). As agreed, in...</p><p><a href=\"https://mp.weixin.qq.com/s/HQaDELw20vQ0nJOKkrK1hA\">Web page link</a></div></p>","source":"mrjjxw","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>With its market capitalization surpassing one trillion yuan, CATL, which was \"escaped,\" is staging a dramatic reversal.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWith its market capitalization surpassing one trillion yuan, CATL, which was \"escaped,\" is staging a dramatic reversal.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">每日经济新闻</strong><span class=\"h-time small\">2021-07-02 09:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Following the announcement of signing a supply framework agreement with Tesla, the stock price of power battery giant CATL has taken off again. On the evening of June 28, CATL issued an announcement stating that the company signed a \"Production Pricing Agreement\" with Tesla on June 25, and will supply lithium-ion power battery products to Tesla from January 2022 to December 2025. Back in February of last year, the two parties signed an agreement. Production Pricing Agreement (China). As agreed, in...</p><p><a href=\"https://mp.weixin.qq.com/s/HQaDELw20vQ0nJOKkrK1hA\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/HQaDELw20vQ0nJOKkrK1hA\">每日经济新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/983e0432c72ee1117f6c5b8a19ed6e25","relate_stocks":{"300750":"宁德时代"},"source_url":"https://mp.weixin.qq.com/s/HQaDELw20vQ0nJOKkrK1hA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129796608","content_text":"在发布与特斯拉签订供货框架协议公告后，动力电池巨头宁德时代的股价再度“起飞”。\n6月28日晚，宁德时代发布公告，称公司与特斯拉在6月25日签订了《Production Pricing Agreement》，将在2022年1月至2025年12月期间向特斯拉供应锂离子动力电池产品。\n\n早在去年2月，双方就曾签订《Production Pricing Agreement (China)》。根据约定，在2020年7月1日至2022年6月30日期间，特斯拉将向宁德时代采购锂离子动力电池。\n值得注意的是，此次签订的协议名称由此前《Production Pricing Agreement（China）》变更为《Production Pricing Agreement》，合作框架去掉了“China”，或意味着本次供货协议将覆盖全球。\n受此利好消息影响，6月30日盘中，宁德时代股价一度达到542元，创历史新高。当日，宁德时代以534.80元/股收盘，总市值约为1.25万亿元。就在6月29日，宁德时代市值晋升深市市值榜首、A股市值榜第5位。\n有趣的是，今年5月31日，美国知名投行摩根士丹利曾公开将宁德时代评级下调至“underweight（低配）”，目标价为251元，仅为当时股价的60%。摩根士丹利对此给出的理由是：新能源电池的中期前景已基本反映在股价中。同时，一些汽车厂商正在积极推进内部电池计划，这将减少对供应商的依赖。\n东兴证券报告认为，动力电池行业具有“三高”属性：高资本投入、高技术壁垒和高不确定性。当下，整车企业与动力电池供应商正在竞争与合作之中，打响有关动力电池的话语权之争。\n撸起袖子自己干\n随着电动汽车进入大规模推广期，有着电动车“心脏”之称的动力电池在产业链中的地位愈发重要，围绕其展开的博弈也日渐激烈。\n数据显示，传统燃油车动力总成系统（发动机+传动系统）成本占整车成本的约25%，而新能源车的三电系统（电池+电机+电控）占整车成本高达52%，其中仅电池系统一项就可达整车成本的三分之一到四分之一。\n也正因新能源汽车核心技术的转变，令整车厂与动力电池供应商的关系变得“微妙”起来：在电动汽车应用推广初期，车企高度依赖动力电池企业，外购电池成为其电池供应的主要手段。\n但随着新能源汽车市场需求的持续扩张，国内外各大车企开始加大对电池供应的控制权。它们或同时与多家电池厂商合作，保障电池稳定供应；或通过与电池厂商合资建厂，进行深度协作；更有企业开始着手自研技术、自建电池厂，以期实现电池自给自足。\n“主机厂要不要建电池厂，取决于它的需求量，只有电池需求量足够大的时候才会考虑独立建设电池厂，并且还要能够保持连续的技术进步。就像现在我们看到很多乘用车公司都是自己做发动机一样。”国家电动乘用车技术创新联盟技术委员会主任、国家新能源汽车创新工程专家组组长王秉刚表示。\n事实上，近两年来整车厂因动力电池供应不足而被迫推迟量产车计划的事情时有发生。这种被电池“限制”的状况正加快整车厂自建电池厂的进程。包括大众集团、奔驰、通用、吉利、长城等车企在内，越来越多的主机厂加入到自建电池工厂的行列中来。\n有观点认为，车企自建电池工厂，可以加深对于整个动力电池产业链的深度整合。一方面可以打通动力电池上游材料产业链，与其展开直接合作也将一定程度降低采购成本；另一方面可以将真正的价值从产业链传递给消费者，提高市场竞争力。此外，车企下场造电池也可降低因动力电池产能不足而引发的生产与销售风险，通过主动布局拉低成本。\n竞争or合作？\n尽管不少车企已着手自建电池工厂，但另一边与电池供应商的合作却从未停止。例如与动力电池企业蜂巢能源同属长城控股旗下的长城汽车，近期就与宁德时代签署了十年长期战略合作框架协议。戴姆勒的情况也与之相似，尽管斥资9亿元入股国内软包电池企业孚能科技，也不时曝出自研电池传闻，但5月戴姆勒宣布与宁德时代加强合作，戴姆勒电动卡车计划从2024年起使用宁德时代的电池，供应期将持续到2030年。\n与成熟的动力电池生产企业相比，车企自建电池工厂需解决多方难题。“首先很有可能会出现因技术不成熟造成高端产能不足低端产能过剩的情况；另外动力电池研发制造生产周期长，倘若无法形成规模量产，车企需承担巨额的研发费用。”全国乘用车市场信息联席会秘书长崔东树表示。\n确如崔东树所言，动力电池行业在技术、品牌、规模和资金方面均存在较高进入壁垒。技术层面，材料、电芯、模组、电池包、电池管理系统的研发和生产均对技术有较高要求，如果相应核心技术储备不足，电池生产企业将很难产出有竞争优势的产品。\n面对快速更新迭代的技术，持续研发投入是关键。以宁德时代为例，公开资料显示，2020年宁德时代研发投入35.69亿元，研发投入占营收的比重为7%；2015~2020年研发投入平均占比为6.8%；截至2020年末，宁德时代共有研发技术人员5592名，宁德时代及其子公司共拥有2969项境内专利及348项境外专利，正申请的专利合计3454项。\n福特汽车首席产品开发和采购官唐浩泰认为，与独立供应商签订合同制造零部件的传统模式更适合车企的电芯需求。自研电芯会耗费很大成本，且不一定能确保电池的及时供应；在电池技术上进行大笔投资有同样风险，市场上任何新技术的突破都可能使其被淘汰。\n不仅如此，生产成本和规模也是整车企业自建电池工厂必须跨过的“坎”。其中，制造动力电池所涉及的成本包含研发投入、工厂建设、供应链建立、试错成本等多个方面。仅以建设成本计算，2021年第一季度国内电池行业统计数据显示，20余家企业投资的电池产能约350GWh，对应建设资金达到1600亿元，平均1GWh产能的投资成本为4.57亿元。\n全球汽车零部件巨头博世此前就曾公开表示，因市场、技术、成本、投资等原因放弃自制动力电池单元，转而通过外购电池单元及自身强大的电池管理系统技术与系统集成能力来为客户提供完整的电池系统。\n有观点认为，长远来看，如果电动车的未来销量远不及预期，那么目前自建电池工厂投入的产能无疑将成为车企的负担。此外，电池制造商研发投入巨大但可凭借庞大的装机量摊薄成本，车企自研电池若仅为自用，价格优势并不明显，若想推广也面临一定门槛。\n“个人认为，未来的电池供应会走向多元化，车企自建电池厂、采购电池、与供应商合建电池厂，以及这三种模式混搭等形式将长期存在。可以肯定的是，车企对于电池会越来越重视，将促进行业竞争与业态融合。虽然车企都想控制‘三电’、降低成本、增加话语权，我个人还是建议专业化分工、协同融合为优。” 中关村新型电池技术创新联盟秘书长、电池百人会理事长于清教表示。","news_type":1,"symbols_score_info":{"300750":0.9}},"isVote":1,"tweetType":1,"viewCount":4669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}