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2021-06-09
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Tesla's China Scare
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2021-06-09
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While the exact details of the report weren't fully corroborated, such an impact to deliveries raises the possibility of more troubles in China ahead. However, a recent report showed that deliveries in Mayjumped 29% m/m, reversing last week's report. Overall, Tesla's increased scrutiny in China and extensive competition in the watchful eyes of the CCP could possibly impact Tesla's growth potential in the domestic market, of which contributes substantial value to shares.</p>\n<p>The EV landscape in China is highly competitive, with dozens of manufacturers finding high growth rates after entry to the market. China's government is looking to be favoring its domestic manufacturers with some favorable subsidy policies aiding NIO in the luxury market, as Tesla's recently-price-raised Model Y is ineligible for such subsidies.</p>\n<p>China is an increasingly important market for electric vehicle manufacturers, with the country pushing its electrification agenda to drive substantial adoption of EV over the course of the decade, and smaller penetration (<10%) relative to total auto sales leaves much market share to capture. China presents a massive market opportunity with EV sales forecast to reach1.8 million vehiclesfor 2021, and possibly over3 million vehiclesby 2022.</p>\n<p>The country is also increasingly important for Tesla, accounting for a solid proportion of deliveries, both in China and overseas, and revenues, as GF Shanghai ramps to its full potential. There were some glimpses ofmarket share troublethat arose late last year in China and Europe, and the May China data revives those troubles with the potential scale of Beijing's involvement still uncertain, but not looking favorable.</p>\n<p>Tesla started off 2021 delivering 184,800 vehicles worldwide duringQ1, a<b>~2.3% sequential improvement from Q4 '20</b>(and about double y/y) even though deliveries are typically loaded in the back half of the year. Yet the potential weakness in China arising through Q2 and \"increased scrutiny\" put more pressure on the manufacturer's ability to deliver in the country in the traditional high buying season in September and October.</p>\n<p>Deliveries in China monthly during 2021 have shown strong demand in the broader market, but some fading sales for Tesla amidst the government scrutiny. Seasonal patterns were exhibited within a low volume February followed by a strong March; however, April was weaker m/m in the prior two years compared to 2018-19. BEV market share YTD is about 8.1%.</p>\n<p><img src=\"https://static.tigerbbs.com/1a47d413260c41df98fb656c150e3084\" tg-width=\"913\" tg-height=\"442\">Graphic fromInsideEVs</p>\n<p>Tesla's monthly trajectory has followed the market, given that the Model 3 is the second-bestselling vehicles so far this year, with the Model Y the fifth. GM's (GM) joint-venture creation, the Hongguang Mini, has held the throne for some time, nearly reaching 100,000 units in just four months as its cumulative deliveries hit ~230,000 units in less than one year. Some vehicles like the Great Wall ORA (OTCPK:GWLLF), Chang'an BenBen, and the Clever and Roewe eRX5 from SAIC have seen massive growth at volume, and could be pushing for top five selling spots by the end of the year.</p>\n<p><img src=\"https://static.tigerbbs.com/3e6fa6456c49280125d4d2f493fdcd12\" tg-width=\"1280\" tg-height=\"1031\">Tesla's cumulative deliveries in China have reached 102,887 units according to CPCA's data; broken down by month:</p>\n<ul>\n <li>January: 15,484</li>\n <li>February: 18,318</li>\n <li>March: 35,478</li>\n <li>April: 25,845 (11,671 sales, 14,174 exports)</li>\n <li>May: 9,800 net orders (reported last week); 33,463 units reported Tuesday (21,936 sales, 11,527 exports)</li>\n</ul>\n<p>While January through March exhibited m/m growth rates similar to the broader market,Aprilrepresented a<b>27% m/m decline for Tesla</b>compared to just a 12% m/m decline for EV volumes. Compared to a handful of other EV, Tesla looked poor: BYD's April sales rose 6.5% m/m to 25,450 units, XPeng's (XPEV) rose marginally m/m to 5,147 units, while Li's (LI) deliveries rose 13% m/m to 5,539. Tesla only held the third spot for retail sales, with BYD and SGMW both selling over 10,000 units more at 31,908 and 33,175 units respectively. However, Tesla's Q1 deliveries were nearly 5% lower than Wuling's, as theMinioutsold every other vehicle.</p>\n<p>ThatQ1tally of 69,280 vehicles is approximately<b>37.5% of Tesla's total vehicle deliveries</b>for the quarter. Revenues generated by the segment were just over $3 billion, accounting for<b>33.8% of total automotive and29.3% of total revenues</b>as \"lower ASP China-made vehicles became a larger percentage of our mix.\" For 2020, China accounted for just 21.1% of total revenues, so the segment is growing in importance, and the country now is undeniably one of the, if not the, most important regions for Tesla at the moment from the current revenue/delivery picture, as well as the long-term growth picture over the course of the next few years.</p>\n<p>China's TTM revenues have reach $8.8 billion, but the segment could be poised to reach $13-14 billion this year (+98-110% y/y), given seasonality of demand in China and deliveries for Tesla. With consensus estimates pointing to about $49 billion in revenue for 2021 (+/-10% high/low figures), China is set to maintain a 27-29% revenue contribution.</p>\n<p>At the moment, the China segment could be worth approximately 13x 2021 revenues, slightly above Tesla's ~11.8x 2021 forward multiple, which is justified by the segment's high revenue growth rate around 100% and overall importance to the company in terms of revenues and deliveries. Valuation at that multiple<b>gives China an estimated valuation of $169-182 billion, or about $180 per share.</b></p>\n<p>With that estimated valuation, the market's reaction at the moment, down about 4-5% intra-day following the news, looks normal. The reported May numbers, although not fully corroborated, are likely to be revealed within the next two weeks when CPCA releases its monthly report. And that has been the case, with the CPCA data showing the opposite held true, with deliveries rising, with shares up following the report.</p>\n<p>Tesla has also been<b>clouded by other negative press and scrutiny</b>about product safety (see the recent brake bolt recalls) and data handling from Beijing could be contributing to declines in sales seen the past two months. There have been more \"local reports of Tesla brake failures,crashes and explosions,\" rumored 'highway bans' in Guangzhou,halted expansion plansat GF Shanghai and reports of a separate two-week production pause.</p>\n<p>Junheng Li of JL Warren Capital sees that the negative press could have a \"definitive material impacton Tesla branding, orders and deliveries for future months, although it’s hard to quantify exactly to what extent the declining demand is driven by concerns on Tesla’s safety features, or rising competition especially from Chinese automakers.\" Rising competition is visible, and Beijing's scrutinizing stance against Tesla is looming overhead.</p>\n<p>There's a chance that Beijing would turn cold to Tesla, favoring fast-growing domestic rivals like NIO and XPeng who challenge Tesla from a technological and innovative standpoint, as it wants to have domestic players become some of the world's leading EV manufacturers, especially with<b>rising US-China tensions</b>. While it simply can't ban the manufacturer from selling there, it could turn to subsidy policies to incentivize purchases of domestic models - Tesla's Model Y above RMB300,000 is ineligible, while NIO's models are eligible at any price due to BaaS. Tesla has been using Shanghai as an export base for Europe, and added tariffs could mitigate the benefit of the factory as an export hub; Beijing could also start to turn the cold shoulder to Tesla in terms of the safety and technology and guide consumers to Chinese cars in the future.</p>\n<p>The element of trust is important for businesses operating in China, as consumers can be distrusting of new, foreign, or unknown brands. Domestic brand growth and improvement has seen more growth of domestic manufacturers over foreign, especially in the smartphone market, and also now in the EV space. Widespread negative press and the incidents arising with Tesla do erode trust, from both the consumer and the government. Such loss of trust could see more difficulties in sales throughout the remainder of the year, especially if Beijing works to stall sales growth by promoting distrust of the brand through negative press. A scenario of that sort, which impacts deliveries through Q3 and Q4, the two most important quarters for Tesla,<b>could shave 25% off of the China segment valuation</b>, or ~$42-46 per share, another ~7% downside purely from China.</p>\n<p>Overall, the market's reaction to the reported decline in May sales has merit, as the segment is highly important to the manufacturer from delivery and revenue contribution currently and over the course of the next few years with triple-digit growth potential in 2021 alone. April sales fell 27% m/m, while some domestic manufacturers saw sequential growth, and May figures reversed course and showed a strong gain after a report pointed to a sharp fall in orders. While Q1 deliveries in China were strong at nearly 70,000 units, Q2's deliveries already look to face a large impact, with potential factors of the decline including domestic competition and a barrage of widespread negative press. With seasonality in Q3 and Q4, Tesla could be facing a tough uphill climb against rising domestic players backed by the government, negative press and a loss of trust, and possible headwinds brought about in the face of rising US-China tensions.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's China Scare</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's China Scare\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 16:44 GMT+8 <a href=https://seekingalpha.com/article/4433693-tesla-china-scare><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTesla saw a 27% m/m decline in deliveries for April with a majority of the reported figure exported, and a report last week pointed to a 50% decline for May.\nA recent report from Reuters ...</p>\n\n<a href=\"https://seekingalpha.com/article/4433693-tesla-china-scare\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4433693-tesla-china-scare","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1133238185","content_text":"Summary\n\nTesla saw a 27% m/m decline in deliveries for April with a majority of the reported figure exported, and a report last week pointed to a 50% decline for May.\nA recent report from Reuters disproved the prior report, showing deliveries rising 29% m/m, and up 88% excluding exports.\nDomestic players including NIO, XPeng, BYD, and SAIC-GM-Wuling have seen solid growth while Tesla's numbers declined.\nChina is ultra-important for Tesla, accounting for ~37.5% of Q1's deliveries and 33.8% of automotive revenues, with a projected segment valuation at $175 billion.\nDelivery declines, mounting negative press and increased scrutiny from Beijing threaten the segment's valuation, and open up 5-8% downside possibility.\n\nTesla's (TSLA) Thursday last week turned sour early in the afternoon, as a report stated that net order volumes slumped significantly for May. While the exact details of the report weren't fully corroborated, such an impact to deliveries raises the possibility of more troubles in China ahead. However, a recent report showed that deliveries in Mayjumped 29% m/m, reversing last week's report. Overall, Tesla's increased scrutiny in China and extensive competition in the watchful eyes of the CCP could possibly impact Tesla's growth potential in the domestic market, of which contributes substantial value to shares.\nThe EV landscape in China is highly competitive, with dozens of manufacturers finding high growth rates after entry to the market. China's government is looking to be favoring its domestic manufacturers with some favorable subsidy policies aiding NIO in the luxury market, as Tesla's recently-price-raised Model Y is ineligible for such subsidies.\nChina is an increasingly important market for electric vehicle manufacturers, with the country pushing its electrification agenda to drive substantial adoption of EV over the course of the decade, and smaller penetration (<10%) relative to total auto sales leaves much market share to capture. China presents a massive market opportunity with EV sales forecast to reach1.8 million vehiclesfor 2021, and possibly over3 million vehiclesby 2022.\nThe country is also increasingly important for Tesla, accounting for a solid proportion of deliveries, both in China and overseas, and revenues, as GF Shanghai ramps to its full potential. There were some glimpses ofmarket share troublethat arose late last year in China and Europe, and the May China data revives those troubles with the potential scale of Beijing's involvement still uncertain, but not looking favorable.\nTesla started off 2021 delivering 184,800 vehicles worldwide duringQ1, a~2.3% sequential improvement from Q4 '20(and about double y/y) even though deliveries are typically loaded in the back half of the year. Yet the potential weakness in China arising through Q2 and \"increased scrutiny\" put more pressure on the manufacturer's ability to deliver in the country in the traditional high buying season in September and October.\nDeliveries in China monthly during 2021 have shown strong demand in the broader market, but some fading sales for Tesla amidst the government scrutiny. Seasonal patterns were exhibited within a low volume February followed by a strong March; however, April was weaker m/m in the prior two years compared to 2018-19. BEV market share YTD is about 8.1%.\nGraphic fromInsideEVs\nTesla's monthly trajectory has followed the market, given that the Model 3 is the second-bestselling vehicles so far this year, with the Model Y the fifth. GM's (GM) joint-venture creation, the Hongguang Mini, has held the throne for some time, nearly reaching 100,000 units in just four months as its cumulative deliveries hit ~230,000 units in less than one year. Some vehicles like the Great Wall ORA (OTCPK:GWLLF), Chang'an BenBen, and the Clever and Roewe eRX5 from SAIC have seen massive growth at volume, and could be pushing for top five selling spots by the end of the year.\nTesla's cumulative deliveries in China have reached 102,887 units according to CPCA's data; broken down by month:\n\nJanuary: 15,484\nFebruary: 18,318\nMarch: 35,478\nApril: 25,845 (11,671 sales, 14,174 exports)\nMay: 9,800 net orders (reported last week); 33,463 units reported Tuesday (21,936 sales, 11,527 exports)\n\nWhile January through March exhibited m/m growth rates similar to the broader market,Aprilrepresented a27% m/m decline for Teslacompared to just a 12% m/m decline for EV volumes. Compared to a handful of other EV, Tesla looked poor: BYD's April sales rose 6.5% m/m to 25,450 units, XPeng's (XPEV) rose marginally m/m to 5,147 units, while Li's (LI) deliveries rose 13% m/m to 5,539. Tesla only held the third spot for retail sales, with BYD and SGMW both selling over 10,000 units more at 31,908 and 33,175 units respectively. However, Tesla's Q1 deliveries were nearly 5% lower than Wuling's, as theMinioutsold every other vehicle.\nThatQ1tally of 69,280 vehicles is approximately37.5% of Tesla's total vehicle deliveriesfor the quarter. Revenues generated by the segment were just over $3 billion, accounting for33.8% of total automotive and29.3% of total revenuesas \"lower ASP China-made vehicles became a larger percentage of our mix.\" For 2020, China accounted for just 21.1% of total revenues, so the segment is growing in importance, and the country now is undeniably one of the, if not the, most important regions for Tesla at the moment from the current revenue/delivery picture, as well as the long-term growth picture over the course of the next few years.\nChina's TTM revenues have reach $8.8 billion, but the segment could be poised to reach $13-14 billion this year (+98-110% y/y), given seasonality of demand in China and deliveries for Tesla. With consensus estimates pointing to about $49 billion in revenue for 2021 (+/-10% high/low figures), China is set to maintain a 27-29% revenue contribution.\nAt the moment, the China segment could be worth approximately 13x 2021 revenues, slightly above Tesla's ~11.8x 2021 forward multiple, which is justified by the segment's high revenue growth rate around 100% and overall importance to the company in terms of revenues and deliveries. Valuation at that multiplegives China an estimated valuation of $169-182 billion, or about $180 per share.\nWith that estimated valuation, the market's reaction at the moment, down about 4-5% intra-day following the news, looks normal. The reported May numbers, although not fully corroborated, are likely to be revealed within the next two weeks when CPCA releases its monthly report. And that has been the case, with the CPCA data showing the opposite held true, with deliveries rising, with shares up following the report.\nTesla has also beenclouded by other negative press and scrutinyabout product safety (see the recent brake bolt recalls) and data handling from Beijing could be contributing to declines in sales seen the past two months. There have been more \"local reports of Tesla brake failures,crashes and explosions,\" rumored 'highway bans' in Guangzhou,halted expansion plansat GF Shanghai and reports of a separate two-week production pause.\nJunheng Li of JL Warren Capital sees that the negative press could have a \"definitive material impacton Tesla branding, orders and deliveries for future months, although it’s hard to quantify exactly to what extent the declining demand is driven by concerns on Tesla’s safety features, or rising competition especially from Chinese automakers.\" Rising competition is visible, and Beijing's scrutinizing stance against Tesla is looming overhead.\nThere's a chance that Beijing would turn cold to Tesla, favoring fast-growing domestic rivals like NIO and XPeng who challenge Tesla from a technological and innovative standpoint, as it wants to have domestic players become some of the world's leading EV manufacturers, especially withrising US-China tensions. While it simply can't ban the manufacturer from selling there, it could turn to subsidy policies to incentivize purchases of domestic models - Tesla's Model Y above RMB300,000 is ineligible, while NIO's models are eligible at any price due to BaaS. Tesla has been using Shanghai as an export base for Europe, and added tariffs could mitigate the benefit of the factory as an export hub; Beijing could also start to turn the cold shoulder to Tesla in terms of the safety and technology and guide consumers to Chinese cars in the future.\nThe element of trust is important for businesses operating in China, as consumers can be distrusting of new, foreign, or unknown brands. Domestic brand growth and improvement has seen more growth of domestic manufacturers over foreign, especially in the smartphone market, and also now in the EV space. Widespread negative press and the incidents arising with Tesla do erode trust, from both the consumer and the government. Such loss of trust could see more difficulties in sales throughout the remainder of the year, especially if Beijing works to stall sales growth by promoting distrust of the brand through negative press. A scenario of that sort, which impacts deliveries through Q3 and Q4, the two most important quarters for Tesla,could shave 25% off of the China segment valuation, or ~$42-46 per share, another ~7% downside purely from China.\nOverall, the market's reaction to the reported decline in May sales has merit, as the segment is highly important to the manufacturer from delivery and revenue contribution currently and over the course of the next few years with triple-digit growth potential in 2021 alone. April sales fell 27% m/m, while some domestic manufacturers saw sequential growth, and May figures reversed course and showed a strong gain after a report pointed to a sharp fall in orders. While Q1 deliveries in China were strong at nearly 70,000 units, Q2's deliveries already look to face a large impact, with potential factors of the decline including domestic competition and a barrage of widespread negative press. With seasonality in Q3 and Q4, Tesla could be facing a tough uphill climb against rising domestic players backed by the government, negative press and a loss of trust, and possible headwinds brought about in the face of rising US-China tensions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189067531,"gmtCreate":1623233978323,"gmtModify":1704198922774,"author":{"id":"3586258149336307","authorId":"3586258149336307","name":"ONGTS","avatar":"https://static.tigerbbs.com/fd829dc637d1d23bab05737552bfa625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586258149336307","authorIdStr":"3586258149336307"},"themes":[],"htmlText":"okay ","listText":"okay ","text":"okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189067531","repostId":"2142529718","repostType":4,"repost":{"id":"2142529718","pubTimestamp":1623228119,"share":"https://ttm.financial/m/news/2142529718?lang=&edition=fundamental","pubTime":"2021-06-09 16:41","market":"us","language":"en","title":"Aramco Starts Debut Sale of Dollar-Denominated Islamic Bonds","url":"https://stock-news.laohu8.com/highlight/detail?id=2142529718","media":"Bloomberg","summary":"(Bloomberg) -- Saudi Aramco, the world’s biggest energy company, started marketing its first dollar-","content":"<p>(Bloomberg) -- Saudi Aramco, the world’s biggest energy company, started marketing its first dollar-denominated Islamic bond sale.</p>\n<p>The state-controlled company is offering sukuk due in three, five and 10 years, according to a person familiar with the matter, who asked not to be identified as the details are private.</p>\n<p>The firm is raising cash to help finance its plans to pay out $75 billion in dividends, a commitment that the oil company made to garner support for its initial public offering. Aramco had to reduce spending, cut jobs and sell non-core assets as the spread of the coronavirus and widespread lockdowns curbed demand for oil last year, the main source of revenue for Saudi Arabia.</p>\n<p>Read: Aramco $75 Billion Payout No Problem as Oil Recovers, BofA Says</p>\n<p>The price of Brent crude has rebounded, after plummeting to a 21-year low of just below $16 a barrel at <a href=\"https://laohu8.com/S/AONE\">one</a> point in 2020. It’s since climbed more than four-fold to over $70 a barrel.</p>\n<p>Oil Crown Jewels Are No Longer Off Limits With Deals Ramping Up</p>\n<p>And while Aramco’s first-quarter profits soared -- thanks to the recovery in both crude and gas -- its free cash flow fell short of the $18.75 billion needed to pay the dividend for the period.</p>\n<p>Aramco’s oil revenue accounts for about 40% of Saudi Arabia’s gross domestic product and the recent increase in crude prices may drive this even higher, Bloomberg Intelligence analysts Jaimin Patel and Damian Sassower wrote in a note Tuesday. Saudi Arabia’s plans to reduce its dependence on Aramco will be challenged by the nation’s fiscal deficit, they said.</p>","source":"yahoofinance","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>Aramco Starts Debut Sale of Dollar-Denominated Islamic Bonds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAramco Starts Debut Sale of Dollar-Denominated Islamic Bonds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 16:41 GMT+8 <a href=https://finance.yahoo.com/news/aramco-starts-debut-sale-dollar-033145460.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Saudi Aramco, the world’s biggest energy company, started marketing its first dollar-denominated Islamic bond sale.\nThe state-controlled company is offering sukuk due in three, five and...</p>\n\n<a href=\"https://finance.yahoo.com/news/aramco-starts-debut-sale-dollar-033145460.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行"},"source_url":"https://finance.yahoo.com/news/aramco-starts-debut-sale-dollar-033145460.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2142529718","content_text":"(Bloomberg) -- Saudi Aramco, the world’s biggest energy company, started marketing its first dollar-denominated Islamic bond sale.\nThe state-controlled company is offering sukuk due in three, five and 10 years, according to a person familiar with the matter, who asked not to be identified as the details are private.\nThe firm is raising cash to help finance its plans to pay out $75 billion in dividends, a commitment that the oil company made to garner support for its initial public offering. Aramco had to reduce spending, cut jobs and sell non-core assets as the spread of the coronavirus and widespread lockdowns curbed demand for oil last year, the main source of revenue for Saudi Arabia.\nRead: Aramco $75 Billion Payout No Problem as Oil Recovers, BofA Says\nThe price of Brent crude has rebounded, after plummeting to a 21-year low of just below $16 a barrel at one point in 2020. It’s since climbed more than four-fold to over $70 a barrel.\nOil Crown Jewels Are No Longer Off Limits With Deals Ramping Up\nAnd while Aramco’s first-quarter profits soared -- thanks to the recovery in both crude and gas -- its free cash flow fell short of the $18.75 billion needed to pay the dividend for the period.\nAramco’s oil revenue accounts for about 40% of Saudi Arabia’s gross domestic product and the recent increase in crude prices may drive this even higher, Bloomberg Intelligence analysts Jaimin Patel and Damian Sassower wrote in a note Tuesday. Saudi Arabia’s plans to reduce its dependence on Aramco will be challenged by the nation’s fiscal deficit, they said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180235969,"gmtCreate":1623205367251,"gmtModify":1704198317607,"author":{"id":"3586258149336307","authorId":"3586258149336307","name":"ONGTS","avatar":"https://static.tigerbbs.com/fd829dc637d1d23bab05737552bfa625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586258149336307","authorIdStr":"3586258149336307"},"themes":[],"htmlText":"good ","listText":"good ","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180235969","repostId":"2142964252","repostType":4,"repost":{"id":"2142964252","pubTimestamp":1623203293,"share":"https://ttm.financial/m/news/2142964252?lang=&edition=fundamental","pubTime":"2021-06-09 09:48","market":"us","language":"en","title":"Amazon Explores Replacing JPMorgan in Credit-Card Partnership","url":"https://stock-news.laohu8.com/highlight/detail?id=2142964252","media":"Bloomberg","summary":"(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its","content":"<p>(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its popular co-brand credit card, according to people familiar with the matter.</p>\n<p>American <a href=\"https://laohu8.com/S/EXPR\">Express</a> Co. and <a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a> are among those bidding on the portfolio, according to the people, who asked not to be identified discussing the negotiations. Representatives for the lenders declined to comment, while a spokesperson for Amazon didn’t have immediate comment when reached by email on Tuesday.</p>\n<p>JPMorgan is willing to part with the Amazon portfolio, according to some of the people familiar with the matter. Banks in recent years have loaded up their cards with rich perks, making it harder for lenders to turn a profit, especially in the world of co-brand cards where revenue is often shared with the merchant partner.</p>\n<p>JPMorgan’s current Amazon card comes with a lucrative set of rewards, including offering the e-commerce giant’s Prime members 5% cash back on purchases made on its site and at its subsidiary Whole Foods Market. That’s helped it become the fastest-growing portfolio among the top 10 co-brand card programs in the U.S., according to a 2019 study by Packaged Facts.</p>\n<p>JPMorgan could fetch a 15% premium on the portfolio, which contains more than $15 billion in loans, said some of the people familiar with the matter. Cardholders spend more than $50 billion a year on the card, according to the Packaged Facts study.</p>\n<p>Amazon and JPMorgan first issued a card together in 2002 and their offerings have long operated on the <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. network.</p>\n<p>It wouldn’t be the first time Amazon worked with other credit-card issuers. The retailer already offers a card with AmEx that’s targeted at small-business owners. The firm has also long partnered with Synchrony on its private-label card and the two debuted a secured card together in 2019.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Explores Replacing JPMorgan in Credit-Card Partnership</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Explores Replacing JPMorgan in Credit-Card Partnership\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 09:48 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-06-08/amazon-explores-replacing-jpmorgan-in-credit-card-partnership><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its popular co-brand credit card, according to people familiar with the matter.\nAmerican Express Co. ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/amazon-explores-replacing-jpmorgan-in-credit-card-partnership\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通","AMZN":"亚马逊","SYF":"Synchrony Financial","V":"Visa","09086":"华夏纳指-U","03086":"华夏纳指","AXP":"美国运通"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/amazon-explores-replacing-jpmorgan-in-credit-card-partnership","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142964252","content_text":"(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its popular co-brand credit card, according to people familiar with the matter.\nAmerican Express Co. and Synchrony Financial are among those bidding on the portfolio, according to the people, who asked not to be identified discussing the negotiations. Representatives for the lenders declined to comment, while a spokesperson for Amazon didn’t have immediate comment when reached by email on Tuesday.\nJPMorgan is willing to part with the Amazon portfolio, according to some of the people familiar with the matter. Banks in recent years have loaded up their cards with rich perks, making it harder for lenders to turn a profit, especially in the world of co-brand cards where revenue is often shared with the merchant partner.\nJPMorgan’s current Amazon card comes with a lucrative set of rewards, including offering the e-commerce giant’s Prime members 5% cash back on purchases made on its site and at its subsidiary Whole Foods Market. That’s helped it become the fastest-growing portfolio among the top 10 co-brand card programs in the U.S., according to a 2019 study by Packaged Facts.\nJPMorgan could fetch a 15% premium on the portfolio, which contains more than $15 billion in loans, said some of the people familiar with the matter. Cardholders spend more than $50 billion a year on the card, according to the Packaged Facts study.\nAmazon and JPMorgan first issued a card together in 2002 and their offerings have long operated on the Visa Inc. network.\nIt wouldn’t be the first time Amazon worked with other credit-card issuers. The retailer already offers a card with AmEx that’s targeted at small-business owners. The firm has also long partnered with Synchrony on its private-label card and the two debuted a secured card together in 2019.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180068384,"gmtCreate":1623164776348,"gmtModify":1704197532854,"author":{"id":"3586258149336307","authorId":"3586258149336307","name":"ONGTS","avatar":"https://static.tigerbbs.com/fd829dc637d1d23bab05737552bfa625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586258149336307","authorIdStr":"3586258149336307"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180068384","repostId":"1179058555","repostType":4,"repost":{"id":"1179058555","pubTimestamp":1623152276,"share":"https://ttm.financial/m/news/1179058555?lang=&edition=fundamental","pubTime":"2021-06-08 19:37","market":"us","language":"en","title":"Palantir bags $7.4M contract renewal with CDC for disease monitoring and outbreak response","url":"https://stock-news.laohu8.com/highlight/detail?id=1179058555","media":"seekingalpha","summary":"Palantir Technologies(NYSE:PLTR)wasawardeda $7.4M one-year contract renewal with the U.S. Centers fo","content":"<p>Palantir Technologies(NYSE:PLTR)wasawardeda $7.4M one-year contract renewal with the U.S. Centers for Disease Control and Prevention (CDC)to continue to provide an outbreak response and disease surveillance solution for the Data Collation and Integration for Public Health Event Response, or DCIPHER, Program.</p>\n<p>The renewal contract deepens Palantir’s more than decade-long partnership with the CDC on disease surveillance efforts and is distinct from Palantir’s COVID-19 response work with U.S. federal health agencies.</p>\n<p>DCIPHER is designed to assist public health experts in routine disease surveillance and outbreak management for real-time events.</p>\n<p>Shares are up 1.27% PM.</p>\n<p><img src=\"https://static.tigerbbs.com/18faac3aea35bb6d65718d540b830a95\" tg-width=\"750\" tg-height=\"514\"></p>","source":"seekingalpha","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>Palantir bags $7.4M contract renewal with CDC for disease monitoring and outbreak response</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir bags $7.4M contract renewal with CDC for disease monitoring and outbreak response\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 19:37 GMT+8 <a href=https://seekingalpha.com/news/3703995-palantir-bags-74m-contract-renewal-with-cdc-for-disease-monitoring-and-outbreak-response><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies(NYSE:PLTR)wasawardeda $7.4M one-year contract renewal with the U.S. Centers for Disease Control and Prevention (CDC)to continue to provide an outbreak response and disease ...</p>\n\n<a href=\"https://seekingalpha.com/news/3703995-palantir-bags-74m-contract-renewal-with-cdc-for-disease-monitoring-and-outbreak-response\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/news/3703995-palantir-bags-74m-contract-renewal-with-cdc-for-disease-monitoring-and-outbreak-response","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1179058555","content_text":"Palantir Technologies(NYSE:PLTR)wasawardeda $7.4M one-year contract renewal with the U.S. Centers for Disease Control and Prevention (CDC)to continue to provide an outbreak response and disease surveillance solution for the Data Collation and Integration for Public Health Event Response, or DCIPHER, Program.\nThe renewal contract deepens Palantir’s more than decade-long partnership with the CDC on disease surveillance efforts and is distinct from Palantir’s COVID-19 response work with U.S. federal health agencies.\nDCIPHER is designed to assist public health experts in routine disease surveillance and outbreak management for real-time events.\nShares are up 1.27% PM.","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180069066,"gmtCreate":1623164662155,"gmtModify":1704197529296,"author":{"id":"3586258149336307","authorId":"3586258149336307","name":"ONGTS","avatar":"https://static.tigerbbs.com/fd829dc637d1d23bab05737552bfa625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586258149336307","authorIdStr":"3586258149336307"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180069066","repostId":"2141426170","repostType":4,"repost":{"id":"2141426170","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623156570,"share":"https://ttm.financial/m/news/2141426170?lang=&edition=fundamental","pubTime":"2021-06-08 20:49","market":"us","language":"en","title":"Berkshire Hathaway invests $500 million in Brazil's Nubank","url":"https://stock-news.laohu8.com/highlight/detail?id=2141426170","media":"Reuters","summary":"June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giv","content":"<p>June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.</p><p>Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.</p><p>The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.</p><p>Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.</p><p>The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.</p><p>Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.</p><p><b>BERKSHIRE BETS IN BRAZIL</b></p><p>Nubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.</p><p>A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.</p><p>Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.</p><p>Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)</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>Berkshire Hathaway invests $500 million in Brazil's Nubank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway invests $500 million in Brazil's Nubank\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-08 20:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.</p><p>Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.</p><p>The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.</p><p>Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.</p><p>The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.</p><p>Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.</p><p><b>BERKSHIRE BETS IN BRAZIL</b></p><p>Nubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.</p><p>A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.</p><p>Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.</p><p>Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141426170","content_text":"June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.BERKSHIRE BETS IN BRAZILNubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)","news_type":1},"isVote":1,"tweetType":1,"viewCount":80,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":180069066,"gmtCreate":1623164662155,"gmtModify":1704197529296,"author":{"id":"3586258149336307","authorId":"3586258149336307","name":"ONGTS","avatar":"https://static.tigerbbs.com/fd829dc637d1d23bab05737552bfa625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586258149336307","authorIdStr":"3586258149336307"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180069066","repostId":"2141426170","repostType":4,"isVote":1,"tweetType":1,"viewCount":80,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189020448,"gmtCreate":1623234076784,"gmtModify":1704198924408,"author":{"id":"3586258149336307","authorId":"3586258149336307","name":"ONGTS","avatar":"https://static.tigerbbs.com/fd829dc637d1d23bab05737552bfa625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586258149336307","authorIdStr":"3586258149336307"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189020448","repostId":"1133238185","repostType":4,"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189067531,"gmtCreate":1623233978323,"gmtModify":1704198922774,"author":{"id":"3586258149336307","authorId":"3586258149336307","name":"ONGTS","avatar":"https://static.tigerbbs.com/fd829dc637d1d23bab05737552bfa625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586258149336307","authorIdStr":"3586258149336307"},"themes":[],"htmlText":"okay ","listText":"okay ","text":"okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189067531","repostId":"2142529718","repostType":4,"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180235969,"gmtCreate":1623205367251,"gmtModify":1704198317607,"author":{"id":"3586258149336307","authorId":"3586258149336307","name":"ONGTS","avatar":"https://static.tigerbbs.com/fd829dc637d1d23bab05737552bfa625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586258149336307","authorIdStr":"3586258149336307"},"themes":[],"htmlText":"good ","listText":"good ","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180235969","repostId":"2142964252","repostType":4,"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180068384,"gmtCreate":1623164776348,"gmtModify":1704197532854,"author":{"id":"3586258149336307","authorId":"3586258149336307","name":"ONGTS","avatar":"https://static.tigerbbs.com/fd829dc637d1d23bab05737552bfa625","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586258149336307","authorIdStr":"3586258149336307"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180068384","repostId":"1179058555","repostType":4,"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}