落难二世祖 personal page - To The Moon

落难二世祖

落难二世祖

No personal profile

4Follow

1Followers

0Topic

0Badge

落难二世祖

2021-08-12

....

Federal Reserve voting members: The scale of asset purchases may begin to be reduced by the end of this year

落难二世祖

2021-08-11

....

This summer's black swan event: The next Federal Reserve chairman will not be Powell?

落难二世祖

2021-08-05

.....

Sorry, the original content has been removed

落难二世祖

2021-08-04

Nice

Lyft achieved its first adjusted EBITDA profit, rising over 6% at one point in after-hours trading.

落难二世祖

2021-08-03

Nice

Sorry, the original content has been removed

落难二世祖

2021-08-01

Wow

Sorry, the original content has been removed

落难二世祖

2021-07-31

Nice

Sorry, the original content has been removed

落难二世祖

2021-07-30

Omg

If Li Xiang wants to go to Hong Kong, it's time for him to curb his temper.

落难二世祖

2021-07-28

Omg

Apple's earnings report once again stunned everyone, with all indicators exceeding expectations, causing its stock price to fall in after-hours trading.

落难二世祖

2021-07-24

Omg

Sorry, the original content has been removed

落难二世祖

2021-07-23

Omg

Intel's second-quarter earnings report exceeded expectations, causing the stock to rise more than 3% in after-hours trading before turning lower.

落难二世祖

2021-07-22

Oic

Sorry, the original content has been removed

落难二世祖

2021-07-21

Nice

Spin off businesses to accelerate transformation! Can GlaxoSmithKline successfully break through this predicament?

落难二世祖

2021-07-20

Omg

Sorry, the original content has been removed

落难二世祖

2021-07-19

Wow, no bad

Sorry, the original content has been removed

落难二世祖

2021-07-18

Haiz

This company's performance more than tripled in the first half of the year! Gaoyi Capital decisively increased its holdings in the second quarter.

落难二世祖

2021-07-17

Like pls

Sorry, the original content has been removed

落难二世祖

2021-07-15

Like pls

The Past of Chinese Internet Companies Listing

落难二世祖

2021-07-14

Like pls

S&P 500 and Nasdaq end down after hitting record highs

落难二世祖

2021-07-13

wow。。…。。。。。。。。。。。。。。。。。。。。

Sorry, the original content has been removed

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3586848937578320","uuid":"3586848937578320","gmtCreate":1623755405637,"gmtModify":1635779543001,"name":"落难二世祖","pinyin":"lneszluonanershizu","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":4,"tweetSize":32,"questionSize":0,"limitLevel":999,"accountStatus":3,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.04.23","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":1,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":894028092,"gmtCreate":1628778666216,"gmtModify":1676529852851,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"....","listText":"....","text":"....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/894028092","repostId":"2158253720","repostType":2,"repost":{"id":"2158253720","kind":"highlight","pubTimestamp":1628758171,"share":"https://ttm.financial/m/news/2158253720?lang=en_US&edition=fundamental","pubTime":"2021-08-12 16:49","market":"us","language":"zh","title":"Federal Reserve voting members: The scale of asset purchases may begin to be reduced by the end of this year","url":"https://stock-news.laohu8.com/highlight/detail?id=2158253720","media":"华尔街见闻","summary":"据金融时报，旧金山联储主席Mary Daly表示，鉴于目前经济反弹的力道，美联储可能会在今年底前开始缩减资产购买规模（taper）。\nDaly表示，随着越来越多的人重返工作岗位，消费者支出依然强劲，家","content":"<p>According to the Financial Times, San Francisco Federal Reserve President Mary Daly said that given the current strength of the economic rebound, the Fed may begin tapering its asset purchases (taper) by the end of this year.</p><p>Daly stated that as more people return to work, consumer spending remains strong, and the robust recovery in household and business activity will continue to accelerate. Daly also believes that it is appropriate to start discussing taper.</p><p>The Federal Reserve had previously stated that it would continue to purchase mortgage-backed securities and U.S. Treasury Bond until inflation hovered at an average of 2% and substantial further progress was made on its employment targets. Daly stated that these thresholds may be reached by the end of this year or early 2022.</p><p>According to Federal Reserve officials, the main risk to the economic outlook is the spread of the Delta variant, but Daly said this could have a limited impact on the economy. She also stated that, overall, this will not undermine the economic recovery, but it will undermine the global economic recovery and create resistance for the United States.</p><p>Regarding inflation, Daly stated that the economic sectors most affected by reopening have experienced a surge in inflation, but the supply-demand imbalance will eventually resolve itself.</p><p>It is worth noting that Daly is a voting member of the Federal Open Market Committee and has voting rights at FOMC meetings.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Federal Reserve voting members: The scale of asset purchases may begin to be reduced by the end of this year</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\">\nFederal Reserve voting members: The scale of asset purchases may begin to be reduced by the end of this year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-12 16:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>According to the Financial Times, San Francisco Federal Reserve President Mary Daly said that given the current strength of the economic rebound, the Fed may begin tapering its asset purchases (taper) by the end of this year.</p><p>Daly stated that as more people return to work, consumer spending remains strong, and the robust recovery in household and business activity will continue to accelerate. Daly also believes that it is appropriate to start discussing taper.</p><p>The Federal Reserve had previously stated that it would continue to purchase mortgage-backed securities and U.S. Treasury Bond until inflation hovered at an average of 2% and substantial further progress was made on its employment targets. Daly stated that these thresholds may be reached by the end of this year or early 2022.</p><p>According to Federal Reserve officials, the main risk to the economic outlook is the spread of the Delta variant, but Daly said this could have a limited impact on the economy. She also stated that, overall, this will not undermine the economic recovery, but it will undermine the global economic recovery and create resistance for the United States.</p><p>Regarding inflation, Daly stated that the economic sectors most affected by reopening have experienced a surge in inflation, but the supply-demand imbalance will eventually resolve itself.</p><p>It is worth noting that Daly is a voting member of the Federal Open Market Committee and has voting rights at FOMC meetings.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3637798\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/123472eab1159c5e881f8e540a346014","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SH":"做空标普500-Proshares","DDM":"2倍做多道指ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","DOG":"道指ETF-ProShares做空","QQQ":"纳指100ETF",".DJI":"道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares",".IXIC":"NASDAQ Composite","QLD":"2倍做多纳斯达克100指数ETF-ProShares","IVV":"标普500ETF-iShares","SQQQ":"纳指三倍做空ETF",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SPY":"标普500ETF","SDS":"两倍做空标普500 ETF-ProShares","OEX":"标普100","TQQQ":"纳指三倍做多ETF","DJX":"1/100道琼斯","OEF":"标普100指数ETF-iShares"},"source_url":"https://wallstreetcn.com/articles/3637798","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158253720","content_text":"据金融时报，旧金山联储主席Mary Daly表示，鉴于目前经济反弹的力道，美联储可能会在今年底前开始缩减资产购买规模（taper）。\nDaly表示，随着越来越多的人重返工作岗位，消费者支出依然强劲，家庭和商业活动的强劲复苏将继续加速。Daly还认为，开始讨论taper是合适的。\n此前美联储表示，将继续购买抵押贷款支持证券和美国国债，直到通胀率在2%的平均水平徘徊，以及就业目标取得实质性的进一步进展。Daly表示，在今年年底或2022年初可能会达到这些门槛。\n根据美联储官员的说法，经济前景的主要风险是德尔塔变种病毒的传播，但Daly表示，这可能对经济产生的影响有限。她还表示，整体来说，这不会破坏经济的复苏，但是会破坏全球经济的复苏，给美国带来阻力。\n对于通胀问题，Daly表示，受重新开放影响最大的经济部门出现通胀激增的现象，但供需失衡的现象最终将自己得到解决。\n值得注意的是，Daly是美联储公开市场委员会的投票成员，在FOMC会议上有投票权。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"UPRO":0.9,"NQmain":0.9,"MNQmain":0.9,"UDOW":0.9,"QLD":0.9,"TQQQ":0.9,"SH":0.9,"OEX":0.9,"QID":0.9,"SQQQ":0.9,"ESmain":0.9,"SDOW":0.9,"SPY":0.9,"IVV":0.9,"DJX":0.9,"PSQ":0.9,"DDM":0.9,"DXD":0.9,"OEF":0.9,"SPXU":0.9,"QQQ":0.9,"SSO":0.9,"SDS":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9,"DOG":0.9}},"isVote":1,"tweetType":1,"viewCount":5971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892693005,"gmtCreate":1628652299807,"gmtModify":1676529810146,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"....","listText":"....","text":"....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/892693005","repostId":"1199109524","repostType":2,"repost":{"id":"1199109524","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1628644081,"share":"https://ttm.financial/m/news/1199109524?lang=en_US&edition=fundamental","pubTime":"2021-08-11 09:08","market":"us","language":"zh","title":"This summer's black swan event: The next Federal Reserve chairman will not be Powell?","url":"https://stock-news.laohu8.com/highlight/detail?id=1199109524","media":"华尔街见闻","summary":"进步派民主党人对鲍威尔倾向于放宽2008年金融危机后实施的金融监管感到不满，认为美联储应该由与民主党派更为同步的人来掌管。\n\n周二，华尔街日报援引知情人士报道，拜登经济团队的成员普遍支持美联储主席鲍威","content":"<p>Progressive Democrats are unhappy with Powell's tendency to relax financial regulations implemented after the 2008 financial crisis, arguing that the Federal Reserve should be run by someone more in sync with the Democratic Party. On Tuesday, the Wall Street Journal, citing sources familiar with the matter, reported that members of Biden's economic team generally support Federal Reserve Chairman*Powell, but Powell may be replaced due to growing opposition from prominent Democratic senators, including Warren.</p><p>The market believes that Powell's*is the safest choice, warning him of the potential risks of a*failure, as the United States currently faces a series of economic challenges, including the upcoming vote on the infrastructure spending bill, higher-than-expected inflation, and the raging COVID-19 pandemic caused by the Delta variant.</p><p>However, some progressive Democrats are dissatisfied with Powell's inclination to relax financial regulations implemented after the 2008 financial crisis, arguing that the Federal Reserve should be run by someone more aligned with the Democratic Party.</p><p>Powell was appointed by former Republican President Trump, and his first term was highly praised by some Democrats for leading the Federal Reserve to shift its policy focus to reducing the unemployment rate. This is consistent with Biden's strong response to the COVID-19 pandemic last year.</p><p>If Powell does not secure a new four-year term when his term expires next February, then the frontrunner for Federal Reserve chairman will be Brainard, who was appointed a Fed governor by former President Obama in 2014.</p><p>In a recent television interview, Warren neither endorsed Brainard nor pointed to her differing views on regulatory issues during Powell's tenure.</p><p>Sherrod Brown, a Democrat and chairman of the Senate Banking Committee, believes the Federal Reserve should take a tougher regulatory approach.</p><p>Economists analyze that Brainard and Powell share similar monetary policy guidelines, and if she is elected Federal Reserve Chair, interest rate policy may remain continuous in the short term. The difference is that Brainard may take a more aggressive approach to financial regulation and may push central banks to adopt digital currencies more quickly.</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>This summer's black swan event: The next Federal Reserve chairman will not be Powell?</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\">\nThis summer's black swan event: The next Federal Reserve chairman will not be Powell?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-08-11 09:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Progressive Democrats are unhappy with Powell's tendency to relax financial regulations implemented after the 2008 financial crisis, arguing that the Federal Reserve should be run by someone more in sync with the Democratic Party. On Tuesday, the Wall Street Journal, citing sources familiar with the matter, reported that members of Biden's economic team generally support Federal Reserve Chairman*Powell, but Powell may be replaced due to growing opposition from prominent Democratic senators, including Warren.</p><p>The market believes that Powell's*is the safest choice, warning him of the potential risks of a*failure, as the United States currently faces a series of economic challenges, including the upcoming vote on the infrastructure spending bill, higher-than-expected inflation, and the raging COVID-19 pandemic caused by the Delta variant.</p><p>However, some progressive Democrats are dissatisfied with Powell's inclination to relax financial regulations implemented after the 2008 financial crisis, arguing that the Federal Reserve should be run by someone more aligned with the Democratic Party.</p><p>Powell was appointed by former Republican President Trump, and his first term was highly praised by some Democrats for leading the Federal Reserve to shift its policy focus to reducing the unemployment rate. This is consistent with Biden's strong response to the COVID-19 pandemic last year.</p><p>If Powell does not secure a new four-year term when his term expires next February, then the frontrunner for Federal Reserve chairman will be Brainard, who was appointed a Fed governor by former President Obama in 2014.</p><p>In a recent television interview, Warren neither endorsed Brainard nor pointed to her differing views on regulatory issues during Powell's tenure.</p><p>Sherrod Brown, a Democrat and chairman of the Senate Banking Committee, believes the Federal Reserve should take a tougher regulatory approach.</p><p>Economists analyze that Brainard and Powell share similar monetary policy guidelines, and if she is elected Federal Reserve Chair, interest rate policy may remain continuous in the short term. The difference is that Brainard may take a more aggressive approach to financial regulation and may push central banks to adopt digital currencies more quickly.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/62dafa537afba542bdc43da1b85df8b4","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","QLD":"2倍做多纳斯达克100指数ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares",".SPX":"S&P 500 Index","SDOW":"三倍做空道指30ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","DJX":"1/100道琼斯",".DJI":"道琼斯","OEX":"标普100","SPY":"标普500ETF","IVV":"标普500ETF-iShares","DXD":"两倍做空道琼30指数ETF-ProShares","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199109524","content_text":"进步派民主党人对鲍威尔倾向于放宽2008年金融危机后实施的金融监管感到不满，认为美联储应该由与民主党派更为同步的人来掌管。\n\n周二，华尔街日报援引知情人士报道，拜登经济团队的成员普遍支持美联储主席鲍威尔连任，但是由于包括沃伦在内的知名民主党参议员的日益反对，鲍威尔将有可能被替换。\n市场认为，鲍威尔连任是最安全的选择，警示他连任失败可能会带来风险，因为美国目前存在一系列的经济难题，包括即将就基建支出法案进行投票、通胀率高于预期、德尔塔变异毒株导致新冠疫情肆虐等。\n但是一些进步派民主党人对鲍威尔倾向于放宽2008年金融危机后实施的金融监管感到不满，认为美联储应该由与民主党派更为同步的人来掌管。\n鲍威尔是由前共和党总统特朗普任命的，他的第一个任期受到了一些民主党人的高度评价，因为他引领美联储改变政策重点，将更多注意力放在了降低失业率上。这与去年拜登对新冠疫情的有力应对一致。\n如果鲍威尔明年2月任期届满时没有获得新一任的四年任期，那么美联储主席的热门人选将是布雷纳德，他于2014年被前总统奥巴马任命为美联储理事。\n沃伦在最近的一次电视采访中既没有支持布雷纳德，又指出了她在鲍威尔任内对监管问题的不同意见。\n参议院银行委员会主席、民主党人Sherrod Brown认为，美联储的监管方式应当更加强硬。\n经济学家分析称，布雷纳德与鲍威尔的货币政策方针较一致，如果她当选美联储主席的话，利率政策在短期内可能会保持连续性。不同的是，布雷纳德可能会在金融监管方面采取更激进的做法，并可能更快推动央行采用数字货币。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"UPRO":0.9,"UDOW":0.9,"QLD":0.9,"OEX":0.9,"NQmain":0.9,"SDOW":0.9,"SPY":0.9,"IVV":0.9,"DJX":0.9,"PSQ":0.9,"DXD":0.9,"OEF":0.9,"MNQmain":0.9,"SPXU":0.9,"SDS":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":5861,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890458381,"gmtCreate":1628129638843,"gmtModify":1703501773689,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":".....","listText":".....","text":".....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/890458381","repostId":"2157027483","repostType":2,"isVote":1,"tweetType":1,"viewCount":7251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807607591,"gmtCreate":1628033399813,"gmtModify":1703499815654,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807607591","repostId":"2156120097","repostType":4,"repost":{"id":"2156120097","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":1628028000,"share":"https://ttm.financial/m/news/2156120097?lang=en_US&edition=fundamental","pubTime":"2021-08-04 06:00","market":"hk","language":"zh","title":"Lyft achieved its first adjusted EBITDA profit, rising over 6% at one point in after-hours trading.","url":"https://stock-news.laohu8.com/highlight/detail?id=2156120097","media":"老虎资讯综合","summary":"智通财经APP获悉，周二美股盘后，Lyft公布了截至2021年6月30日的二季度财报。因该公司首次实现季度调整后的EBITDA利润，Lyft股价在盘后交易中一度涨逾6%。受到其财报结果提振，Lyft的竞争对手，将于明日盘后公布财报的优步同时上涨超2%。而这一目标的实现比Lyft给出的指引提前了一个季度。二季度调整后的EBITDA利润率为3.1%，去年同期为亏损率82.6%。","content":"<p>After the US stock market closed on Tuesday, August 3, Eastern Time, Lyft...<a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a>The company released its financial report for the second quarter ended June 30, 2021. Lyft shares rose more than 6% in after-hours trading as the company achieved its first quarterly adjusted EBITDA profit.<img src=\"https://static.tigerbbs.com/ff158a359bbcc3ded406200c3a2fb587\" tg-width=\"1021\" tg-height=\"633\" referrerpolicy=\"no-referrer\">Lyft's second-quarter revenue increased 125% year-over-year to $765 million, exceeding the expected $696 million and compared to $339 million in the same period last year; The company reported a net loss of $251.9 million in the second quarter, compared with an expected loss of $236 million and $437 million in the same period last year. The company reported a loss of $0.76 per share in the second quarter, compared to market expectations of a loss of $0.73 and a loss of $1.41 in the same period last year.</p><p>The net loss margin for the second quarter was 32.9%, compared to 128.8% in the same period last year. The adjusted net loss for the second quarter was $18 million, compared to $265.8 million in the same period last year.</p><p>Lyft's adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) for the second quarter was $23.8 million, marking the company's first quarterly adjusted EBITDA profit. This goal was achieved a quarter ahead of Lyft's guidance. The adjusted EBITDA margin for the second quarter was 3.1%, compared to a loss margin of 82.6% in the same period last year.</p><p>The company's active passengers increased by 97.3% year-over-year to 17.142 million in the second quarter, compared to 8.688 million in the same period last year. Revenue per active passenger increased by 14.3% year-over-year to $44.63, compared to $39.06 in the same period last year.</p><p>Following the earnings report, LYFT's stock price rose by more than 6% in after-hours trading, but as of press time, the gains had narrowed to 1%, at $55.94.<img src=\"https://static.tigerbbs.com/3d2626035e5941a06de601bf0508b0fd\" tg-width=\"709\" tg-height=\"528\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lyft achieved its first adjusted EBITDA profit, rising over 6% at one point 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\">\nLyft achieved its first adjusted EBITDA profit, rising over 6% at one point 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\">2021-08-04 06:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>After the US stock market closed on Tuesday, August 3, Eastern Time, Lyft...<a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a>The company released its financial report for the second quarter ended June 30, 2021. Lyft shares rose more than 6% in after-hours trading as the company achieved its first quarterly adjusted EBITDA profit.<img src=\"https://static.tigerbbs.com/ff158a359bbcc3ded406200c3a2fb587\" tg-width=\"1021\" tg-height=\"633\" referrerpolicy=\"no-referrer\">Lyft's second-quarter revenue increased 125% year-over-year to $765 million, exceeding the expected $696 million and compared to $339 million in the same period last year; The company reported a net loss of $251.9 million in the second quarter, compared with an expected loss of $236 million and $437 million in the same period last year. The company reported a loss of $0.76 per share in the second quarter, compared to market expectations of a loss of $0.73 and a loss of $1.41 in the same period last year.</p><p>The net loss margin for the second quarter was 32.9%, compared to 128.8% in the same period last year. The adjusted net loss for the second quarter was $18 million, compared to $265.8 million in the same period last year.</p><p>Lyft's adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) for the second quarter was $23.8 million, marking the company's first quarterly adjusted EBITDA profit. This goal was achieved a quarter ahead of Lyft's guidance. The adjusted EBITDA margin for the second quarter was 3.1%, compared to a loss margin of 82.6% in the same period last year.</p><p>The company's active passengers increased by 97.3% year-over-year to 17.142 million in the second quarter, compared to 8.688 million in the same period last year. Revenue per active passenger increased by 14.3% year-over-year to $44.63, compared to $39.06 in the same period last year.</p><p>Following the earnings report, LYFT's stock price rose by more than 6% in after-hours trading, but as of press time, the gains had narrowed to 1%, at $55.94.<img src=\"https://static.tigerbbs.com/3d2626035e5941a06de601bf0508b0fd\" tg-width=\"709\" tg-height=\"528\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/35d89b3fc46f659d27a39823b3d20d09","relate_stocks":{"LYFT":"Lyft, Inc."},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156120097","content_text":"美东时间8月3日周二美股盘后，Lyft$(LYFT)$公布了截至2021年6月30日的二季度财报。因该公司首次实现季度调整后的EBITDA利润，Lyft股价在盘后交易中一度涨逾6%。Lyft二季度营收同比增长125%至7.65亿美元，超过预期的6.96亿美元，去年同期为3.39亿美元；二季度净亏损为2.519亿美元，预期为亏损2.36亿美元，去年同期为4.37亿美元；二季度每股亏损0.76美元，市场预期亏损0.73美元，去年同期亏损1.41美元。\n二季度的净亏损率为32.9%，而去年同期为128.8%。二季度调整后的净亏损为1800万美元，而去年同期为2.658亿美元。\nLyft二季度调整后的EBITDA(税息折旧及摊销前利润)为2380万美元，标志着该公司首次实现了季度调整后的EBITDA利润。而这一目标的实现比Lyft给出的指引提前了一个季度。二季度调整后的EBITDA利润率为3.1%，去年同期为亏损率82.6%。\n公司二季度活跃乘客数同比增加97.3%至1714.2万，去年同期为868.8万，每活跃乘客的收益同比增加14.3%至44.63美元，去年同期为39.06美元。\n财报公布后，LYFT盘后股价一度涨超6%，截至发稿，涨幅缩窄至1%，报55.94美元。","news_type":1,"symbols_score_info":{"LYFT":0.9}},"isVote":1,"tweetType":1,"viewCount":6773,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804461865,"gmtCreate":1627973004057,"gmtModify":1703498891729,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/804461865","repostId":"2156102521","repostType":4,"isVote":1,"tweetType":1,"viewCount":6339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802760443,"gmtCreate":1627808858582,"gmtModify":1703496167503,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/802760443","repostId":"2156169561","repostType":4,"isVote":1,"tweetType":1,"viewCount":6547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802890911,"gmtCreate":1627744871933,"gmtModify":1703495418402,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802890911","repostId":"1165085669","repostType":4,"isVote":1,"tweetType":1,"viewCount":3757,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806210282,"gmtCreate":1627657172046,"gmtModify":1703494316968,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/806210282","repostId":"1103612914","repostType":4,"repost":{"id":"1103612914","kind":"news","pubTimestamp":1627656394,"share":"https://ttm.financial/m/news/1103612914?lang=en_US&edition=fundamental","pubTime":"2021-07-30 22:46","market":"us","language":"zh","title":"If Li Xiang wants to go to Hong Kong, it's time for him to curb his temper.","url":"https://stock-news.laohu8.com/highlight/detail?id=1103612914","media":"AI蓝媒汇","summary":"王兴是理想的第一个“关键先生”，李想则是第二个。\n\n去年7月，理想登陆纳斯达克。时间不到一年，7月26日，理想通过港交所上市聆讯，不久之后，我们将看到理想在港股双重上市。\n在聆讯材料中，创始人李想被称","content":"<p>Wang Xing is the first \"key gentleman\" of the ideal, and Li Xiang is the second. Last July, Li Auto was listed on Nasdaq. Less than a year later, on July 26, Li Auto passed the listing hearing on the Hong Kong Stock Exchange. Soon after, we will see Li Auto dually list on the Hong Kong Stock Exchange.</p><p>In the hearing materials, founder Li Xiang was described as \"one of the few entrepreneurs in China who has achieved success one after another.\" He previously founded PConline,<a href=\"https://laohu8.com/S/ATHM\">Autohome</a>，<a href=\"https://laohu8.com/S/LI\">Li Auto</a>This is his third entrepreneurial venture. These past successes also \"demonstrate Li Xiang's insight, vision, experience and ability as one of China's best internet product managers\".</p><p>Yes, Li Xiang might be a very capable product manager. After Li Auto went public last year, the market had doubts about Li Auto's range-extended technology architecture. Wang Xing strongly supported Li Xiang on Fanfou with a sales tone, saying:</p><p>I never try to persuade others to \"buy\" the Li Auto ONE. I just suggest that they try the Li Auto ONE, drive it, sit for a while, and experience it for themselves before making a judgment. Some people have never even touched the Li Auto ONE and predict its downfall based solely on so-called industry experience/theory/common sense, haha.</p><p>Of course, Wang Xing himself, Meituan, and Li Auto are now deeply bound together, and Wang Xing is also known as \"Mr. Key to Li Auto\". In the hearing materials, Meituan and Wang Xing occupied two important positions among the four major shareholders of Li Auto:</p><p>Meituan, with a 13.23% stake, holds an ideal 4.21% of the voting rights; Wang Xing holds 6.76% of the shares and has an ideal 2.15% of the voting rights.</p><p><img src=\"https://static.tigerbbs.com/d7f0853225b7fb4cf59ed59e03aa5a29\" tg-width=\"692\" tg-height=\"370\" referrerpolicy=\"no-referrer\"></p><p>Li Xiang himself, as the single largest shareholder of Ideal, holds 23.79% of the shares and 75.74% of the voting rights. When Li Auto was listed on the US stock market, according to the data disclosed in its prospectus, Li Xiang owned 21.0% of Li Auto's shares and 72.7% of its voting rights.</p><p>Among the three emerging car manufacturers, NIO, Xiaoli, and Li Xiang, Li Xiang is the founder with the most \"fan effect\". To this day, Li Bin's<a href=\"https://laohu8.com/S/WB\">Weibo</a>He Xiaopeng has 495,000 followers.<a href=\"https://laohu8.com/S/WB\">Weibo</a>He has 969,000 followers, while Li Xiang's Weibo account has 1.869 million followers.</p><p>Of course, this fan effect may not be so beneficial to Li Auto, such as one of Li Xiang's nicknames:</p><p>The founder of a car company is the first person to curse.</p><p>This nickname is quite interesting; to some extent, it indicates that Li Auto's brand image has been severely damaged.</p><p>For example, in April, May, and July, review experienced three seemingly unrelated events.</p><p>In April, Li Xiang posted a Weibo post, discussing something from a third-party storytelling perspective and asking for guidance from netizens.</p><p><img src=\"https://static.tigerbbs.com/531d871804cbcfa51cc12bb7027912a5\" tg-width=\"719\" tg-height=\"2008\" referrerpolicy=\"no-referrer\"></p><p>The incident stemmed from a female reporter adding an ideal engineer to a social networking site and asking:</p><p>I heard that the ideal in May<a href=\"https://laohu8.com/S/AONE.U\">one</a>The facelifted car is about to be launched, and I'm curious about the changes in the new car. Could you please tell me?</p><p>Because of this question, the female reporter angered the engineer, who countered by asking:</p><p>I'd also like to ask you if your X life is harmonious? I'd also like to ask if any new XX games have been unlocked recently.</p><p>For an ideal employee, \"confidentiality\" naturally has its principles. While making vulgar remarks, this engineer also expressed his resentment:</p><p>All the companies that can speak have made public announcements. Don't ask these kinds of confidential questions to beginners. If someone actually answers you, your readership will increase. Have you thought about the person who provided the information? What are the consequences of leaking secrets that you don't know?</p><p>Of course, this matter is in the past, and there is no need to discuss the rights and wrongs of it too much. In the history of Ideal's development, this is just one insignificant case of its public relations crisis, but this incident was not without ripples. In May, another PR crisis for Ideal was similar to the one mentioned by the aforementioned female reporter.<a href=\"https://laohu8.com/S/AONE.U\">one</a>It is related to the \"facelifted car\".</p><p>At the time, some netizens took to Weibo to protect their rights, posting several banners pasted on the body of the Li Auto ONE, such as:</p><p>Car enthusiasts talk about nostalgia with Li Auto, but Li Auto treats car enthusiasts like fools! Li Auto ONE engages in unscrupulous fraudulent sales and abandons loyal fans!</p><p><img src=\"https://static.tigerbbs.com/e6eb469e68da66b0b9c2534977fae4a4\" tg-width=\"692\" tg-height=\"513\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/155449407a22b4c40e73939c81a8e7de\" tg-width=\"692\" tg-height=\"518\" referrerpolicy=\"no-referrer\"></p><p>The incident stemmed from the release and launch of the new Li Auto ONE on May 25th. In terms of price, the new Li Auto ONE has been priced up by 10,000 yuan, in exchange for upgrades in the hardware, software, and configuration of the driver assistance system.</p><p>The crux of the matter is that many Li Auto users are unaware of this news. Users who have already placed orders or recently received their cars believe that Li Auto's sales team has deceived them. One car owner stated:</p><p>Upgrading is normal, but it's wrong to conceal the need for an upgrade and sell us the old model.</p><p>Some car owners began to speak out through various channels, such as Li Xiang's Weibo, Li Auto APP, car owner groups, and after-sales customer service, but they were ignored and \"removed from the group chat\". After the car owners had \"no way to protect their rights,\" they spontaneously formed a rights protection group, and an Li Auto owner who is a lawyer sent a lawyer's letter to Li Auto. What's really \"outrageous\" is that in the screenshots circulating online, some car owners even expressed their \"big shot\" request to Li Auto's after-sales service:</p><p>You slap Li Xiang for me.</p><p><img src=\"https://static.tigerbbs.com/acadfdf4dde0b88fd6fc23a56725d5a8\" tg-width=\"695\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p><p>In fact, the damage to the ideal brand is also related to Li Xiang himself. In the past, Li Xiang has been the subject of even more news than expected.</p><p>In July, a car owner posted a video showing that there was suspected mercury in the gaps between the seats of the Li Auto ONE, and the dose was considerable. As a toxic substance, the official explanation given by Li Auto is:</p><p>The Li Auto ONE uses no mercury in its product design, raw material selection, manufacturing, transportation, and delivery processes. The vehicle fully complies with the \"Requirements for Prohibited Substances in Automobiles\" (GB/T 30612-2014) and the EU's requirements for hazardous substances such as ELVs.</p><p><img src=\"https://static.tigerbbs.com/7cb53fd3d2d43aebd55893ee2e05fb44\" tg-width=\"692\" tg-height=\"237\" referrerpolicy=\"no-referrer\"></p><p>However, what got Li Auto deeply involved in the \"mercury scandal\" was not Li Auto's official attitude, but a Weibo post by Li Xiang himself. On July 5, Li Xiang angrily denounced on Weibo:</p><p>Those who spread rumors about us using mercury and the media, may your blood flow with mercury and your minds be filled with mercury!</p><p><img src=\"https://static.tigerbbs.com/2e70a0f678807dac6bdb1c6a7b163488\" tg-width=\"550\" tg-height=\"327\" referrerpolicy=\"no-referrer\"></p><p>Li Xiang posted this Weibo post three times. In the end, Li Xiang deleted the Weibo post.</p><p>This move has also put Li Xiang in the spotlight. In the comments section of Weibo, some netizens commented on Li Xiang as follows:</p><p>They are hypocritical, full of lies, and deceive consumers.</p><p>Frankly speaking, such an image is quite serious for the CEO of a listed company. This isn't the first or second time Li Xiang has lost his temper; he's one of the few CEOs who has criticized the media so directly. If you watched the program \"Winning in China's Blue Skies and Clear Waters\" that Li Xiang participated in in 2013, you should have some understanding of Li Xiang's temperament.</p><p>In this program, at that time as<a href=\"https://laohu8.com/S/ATHM\">Autohome</a>Founder and president Li Xiang, due to insufficient contract preparation, loudly exclaimed on the spot:</p><p>The contract wasn't printed properly, and they want me to print my resume. What are you doing? I'm out of my mind.</p><p><img src=\"https://static.tigerbbs.com/22b1803a41fb098fcf8f0bf2a3fb96f4\" tg-width=\"709\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p><p>After the \"Mercury Gate\" incident, some netizens said that Li Xiang had become arrogant. After experiencing a downturn in the new energy vehicle market, Li Auto has actually delivered a pretty good performance. The hearing materials mentioned that from the start of mass production of the Li Auto ONE in November 2019 until June 30, 2021...<a href=\"https://laohu8.com/S/LI\">Li Auto</a>More than 63,000 Li Auto ONEs were delivered.</p><p>According to a report by Frost & Sullivan, based on sales volume, the Li Auto ONE was rated as China's best-selling new energy SUV in 2020, accounting for 9.7% of the market share. Meanwhile in China<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>It ranked sixth in the automotive market, accounting for 2.8% of the market share; Li Auto Yuzhong<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>The car brand ranked eleventh.</p><p>It is worth noting that in the delivery rankings of emerging electric vehicle manufacturers, Li Auto delivered 4,323 vehicles in May, ranking only fourth. In June, the ideal delivery volume reached 6,565 vehicles, exceeding...<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Only ranked<a href=\"https://laohu8.com/S/NIO\">Nio</a>Below.</p><p>At the same time, Li Auto's revenue figures are also constantly climbing. Li Auto's revenue was RMB 284 million, RMB 9.457 billion and RMB 3.575 billion in 2019, 2020 and the first quarter of 2021, respectively, compared to RMB 852 million in the same period last year.</p><p><img src=\"https://static.tigerbbs.com/d971fd2311c9185d972828dca2646e24\" tg-width=\"692\" tg-height=\"795\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>With such a report card, Li Auto is heading to the Hong Kong stock market.</p><p>Today, the ideal market capitalization has reached $27.84 billion, and the progress bar for the dream of a market capitalization of $100 billion has passed a quarter of the way.</p><p>However, the ideal still faces many problems. In the hearing materials, a key risk factor mentioned by Li Auto is that, to date, Li Auto still relies on a single model for revenue, and the number of models generating revenue is limited in the foreseeable future.</p><p>In some discussions about Li Auto, a car owner said:</p><p>When will the Li Auto TWO be released?</p><p>In addition, the issues facing Li Auto include the impact of the founder's words and actions on the brand, which were not mentioned in the hearing materials.</p><p>We consulted some car owners, and one Li Auto owner said:</p><p>The key is the car; as long as it's easy to drive, that's fine.</p><p>When asked about past Li Auto and some \"news\" about Li Xiang, the car owner, who also recommended Li Auto to others on Weibo, said he was unaware of it.</p><p>However, some consumers also said that certain comments made them waver whether to choose Li Auto when buying their \"first car\".</p><p>This reaction may be more pronounced in the capital market, and this impact may directly affect stocks.</p><p>As for why Li Auto's sales still increased in June despite the \"news\" in recent months, a Shanghai car owner said it was hard to say, but he also told us one reason for choosing Li Auto:</p><p>Among cars in the 300,000 yuan price range, only Li Auto can get a green license plate.</p><p>Li Xiang's short temper and \"street swearing\" image have also raised concerns among investors. Whether such traffic is beneficial to Ideal's brand image and its high-end development remains to be seen.</p><p>In the future, whether Li Xiang can lead the expanding ideal to reach the $100 billion mark may be key. Of course, what I'm saying has nothing to do with strategy.</p>","source":"lmh","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>If Li Xiang wants to go to Hong Kong, it's time for him to curb his temper.</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\">\nIf Li Xiang wants to go to Hong Kong, it's time for him to curb his temper.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">AI蓝媒汇</strong><span class=\"h-time small\">2021-07-30 22:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wang Xing is the first \"key gentleman\" of the ideal, and Li Xiang is the second. Last July, Li Auto was listed on Nasdaq. Less than a year later, on July 26, Li Auto passed the listing hearing on the Hong Kong Stock Exchange. Soon after, we will see Li Auto dually list on the Hong Kong Stock Exchange.</p><p>In the hearing materials, founder Li Xiang was described as \"one of the few entrepreneurs in China who has achieved success one after another.\" He previously founded PConline,<a href=\"https://laohu8.com/S/ATHM\">Autohome</a>，<a href=\"https://laohu8.com/S/LI\">Li Auto</a>This is his third entrepreneurial venture. These past successes also \"demonstrate Li Xiang's insight, vision, experience and ability as one of China's best internet product managers\".</p><p>Yes, Li Xiang might be a very capable product manager. After Li Auto went public last year, the market had doubts about Li Auto's range-extended technology architecture. Wang Xing strongly supported Li Xiang on Fanfou with a sales tone, saying:</p><p>I never try to persuade others to \"buy\" the Li Auto ONE. I just suggest that they try the Li Auto ONE, drive it, sit for a while, and experience it for themselves before making a judgment. Some people have never even touched the Li Auto ONE and predict its downfall based solely on so-called industry experience/theory/common sense, haha.</p><p>Of course, Wang Xing himself, Meituan, and Li Auto are now deeply bound together, and Wang Xing is also known as \"Mr. Key to Li Auto\". In the hearing materials, Meituan and Wang Xing occupied two important positions among the four major shareholders of Li Auto:</p><p>Meituan, with a 13.23% stake, holds an ideal 4.21% of the voting rights; Wang Xing holds 6.76% of the shares and has an ideal 2.15% of the voting rights.</p><p><img src=\"https://static.tigerbbs.com/d7f0853225b7fb4cf59ed59e03aa5a29\" tg-width=\"692\" tg-height=\"370\" referrerpolicy=\"no-referrer\"></p><p>Li Xiang himself, as the single largest shareholder of Ideal, holds 23.79% of the shares and 75.74% of the voting rights. When Li Auto was listed on the US stock market, according to the data disclosed in its prospectus, Li Xiang owned 21.0% of Li Auto's shares and 72.7% of its voting rights.</p><p>Among the three emerging car manufacturers, NIO, Xiaoli, and Li Xiang, Li Xiang is the founder with the most \"fan effect\". To this day, Li Bin's<a href=\"https://laohu8.com/S/WB\">Weibo</a>He Xiaopeng has 495,000 followers.<a href=\"https://laohu8.com/S/WB\">Weibo</a>He has 969,000 followers, while Li Xiang's Weibo account has 1.869 million followers.</p><p>Of course, this fan effect may not be so beneficial to Li Auto, such as one of Li Xiang's nicknames:</p><p>The founder of a car company is the first person to curse.</p><p>This nickname is quite interesting; to some extent, it indicates that Li Auto's brand image has been severely damaged.</p><p>For example, in April, May, and July, review experienced three seemingly unrelated events.</p><p>In April, Li Xiang posted a Weibo post, discussing something from a third-party storytelling perspective and asking for guidance from netizens.</p><p><img src=\"https://static.tigerbbs.com/531d871804cbcfa51cc12bb7027912a5\" tg-width=\"719\" tg-height=\"2008\" referrerpolicy=\"no-referrer\"></p><p>The incident stemmed from a female reporter adding an ideal engineer to a social networking site and asking:</p><p>I heard that the ideal in May<a href=\"https://laohu8.com/S/AONE.U\">one</a>The facelifted car is about to be launched, and I'm curious about the changes in the new car. Could you please tell me?</p><p>Because of this question, the female reporter angered the engineer, who countered by asking:</p><p>I'd also like to ask you if your X life is harmonious? I'd also like to ask if any new XX games have been unlocked recently.</p><p>For an ideal employee, \"confidentiality\" naturally has its principles. While making vulgar remarks, this engineer also expressed his resentment:</p><p>All the companies that can speak have made public announcements. Don't ask these kinds of confidential questions to beginners. If someone actually answers you, your readership will increase. Have you thought about the person who provided the information? What are the consequences of leaking secrets that you don't know?</p><p>Of course, this matter is in the past, and there is no need to discuss the rights and wrongs of it too much. In the history of Ideal's development, this is just one insignificant case of its public relations crisis, but this incident was not without ripples. In May, another PR crisis for Ideal was similar to the one mentioned by the aforementioned female reporter.<a href=\"https://laohu8.com/S/AONE.U\">one</a>It is related to the \"facelifted car\".</p><p>At the time, some netizens took to Weibo to protect their rights, posting several banners pasted on the body of the Li Auto ONE, such as:</p><p>Car enthusiasts talk about nostalgia with Li Auto, but Li Auto treats car enthusiasts like fools! Li Auto ONE engages in unscrupulous fraudulent sales and abandons loyal fans!</p><p><img src=\"https://static.tigerbbs.com/e6eb469e68da66b0b9c2534977fae4a4\" tg-width=\"692\" tg-height=\"513\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/155449407a22b4c40e73939c81a8e7de\" tg-width=\"692\" tg-height=\"518\" referrerpolicy=\"no-referrer\"></p><p>The incident stemmed from the release and launch of the new Li Auto ONE on May 25th. In terms of price, the new Li Auto ONE has been priced up by 10,000 yuan, in exchange for upgrades in the hardware, software, and configuration of the driver assistance system.</p><p>The crux of the matter is that many Li Auto users are unaware of this news. Users who have already placed orders or recently received their cars believe that Li Auto's sales team has deceived them. One car owner stated:</p><p>Upgrading is normal, but it's wrong to conceal the need for an upgrade and sell us the old model.</p><p>Some car owners began to speak out through various channels, such as Li Xiang's Weibo, Li Auto APP, car owner groups, and after-sales customer service, but they were ignored and \"removed from the group chat\". After the car owners had \"no way to protect their rights,\" they spontaneously formed a rights protection group, and an Li Auto owner who is a lawyer sent a lawyer's letter to Li Auto. What's really \"outrageous\" is that in the screenshots circulating online, some car owners even expressed their \"big shot\" request to Li Auto's after-sales service:</p><p>You slap Li Xiang for me.</p><p><img src=\"https://static.tigerbbs.com/acadfdf4dde0b88fd6fc23a56725d5a8\" tg-width=\"695\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p><p>In fact, the damage to the ideal brand is also related to Li Xiang himself. In the past, Li Xiang has been the subject of even more news than expected.</p><p>In July, a car owner posted a video showing that there was suspected mercury in the gaps between the seats of the Li Auto ONE, and the dose was considerable. As a toxic substance, the official explanation given by Li Auto is:</p><p>The Li Auto ONE uses no mercury in its product design, raw material selection, manufacturing, transportation, and delivery processes. The vehicle fully complies with the \"Requirements for Prohibited Substances in Automobiles\" (GB/T 30612-2014) and the EU's requirements for hazardous substances such as ELVs.</p><p><img src=\"https://static.tigerbbs.com/7cb53fd3d2d43aebd55893ee2e05fb44\" tg-width=\"692\" tg-height=\"237\" referrerpolicy=\"no-referrer\"></p><p>However, what got Li Auto deeply involved in the \"mercury scandal\" was not Li Auto's official attitude, but a Weibo post by Li Xiang himself. On July 5, Li Xiang angrily denounced on Weibo:</p><p>Those who spread rumors about us using mercury and the media, may your blood flow with mercury and your minds be filled with mercury!</p><p><img src=\"https://static.tigerbbs.com/2e70a0f678807dac6bdb1c6a7b163488\" tg-width=\"550\" tg-height=\"327\" referrerpolicy=\"no-referrer\"></p><p>Li Xiang posted this Weibo post three times. In the end, Li Xiang deleted the Weibo post.</p><p>This move has also put Li Xiang in the spotlight. In the comments section of Weibo, some netizens commented on Li Xiang as follows:</p><p>They are hypocritical, full of lies, and deceive consumers.</p><p>Frankly speaking, such an image is quite serious for the CEO of a listed company. This isn't the first or second time Li Xiang has lost his temper; he's one of the few CEOs who has criticized the media so directly. If you watched the program \"Winning in China's Blue Skies and Clear Waters\" that Li Xiang participated in in 2013, you should have some understanding of Li Xiang's temperament.</p><p>In this program, at that time as<a href=\"https://laohu8.com/S/ATHM\">Autohome</a>Founder and president Li Xiang, due to insufficient contract preparation, loudly exclaimed on the spot:</p><p>The contract wasn't printed properly, and they want me to print my resume. What are you doing? I'm out of my mind.</p><p><img src=\"https://static.tigerbbs.com/22b1803a41fb098fcf8f0bf2a3fb96f4\" tg-width=\"709\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p><p>After the \"Mercury Gate\" incident, some netizens said that Li Xiang had become arrogant. After experiencing a downturn in the new energy vehicle market, Li Auto has actually delivered a pretty good performance. The hearing materials mentioned that from the start of mass production of the Li Auto ONE in November 2019 until June 30, 2021...<a href=\"https://laohu8.com/S/LI\">Li Auto</a>More than 63,000 Li Auto ONEs were delivered.</p><p>According to a report by Frost & Sullivan, based on sales volume, the Li Auto ONE was rated as China's best-selling new energy SUV in 2020, accounting for 9.7% of the market share. Meanwhile in China<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>It ranked sixth in the automotive market, accounting for 2.8% of the market share; Li Auto Yuzhong<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>The car brand ranked eleventh.</p><p>It is worth noting that in the delivery rankings of emerging electric vehicle manufacturers, Li Auto delivered 4,323 vehicles in May, ranking only fourth. In June, the ideal delivery volume reached 6,565 vehicles, exceeding...<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Only ranked<a href=\"https://laohu8.com/S/NIO\">Nio</a>Below.</p><p>At the same time, Li Auto's revenue figures are also constantly climbing. Li Auto's revenue was RMB 284 million, RMB 9.457 billion and RMB 3.575 billion in 2019, 2020 and the first quarter of 2021, respectively, compared to RMB 852 million in the same period last year.</p><p><img src=\"https://static.tigerbbs.com/d971fd2311c9185d972828dca2646e24\" tg-width=\"692\" tg-height=\"795\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>With such a report card, Li Auto is heading to the Hong Kong stock market.</p><p>Today, the ideal market capitalization has reached $27.84 billion, and the progress bar for the dream of a market capitalization of $100 billion has passed a quarter of the way.</p><p>However, the ideal still faces many problems. In the hearing materials, a key risk factor mentioned by Li Auto is that, to date, Li Auto still relies on a single model for revenue, and the number of models generating revenue is limited in the foreseeable future.</p><p>In some discussions about Li Auto, a car owner said:</p><p>When will the Li Auto TWO be released?</p><p>In addition, the issues facing Li Auto include the impact of the founder's words and actions on the brand, which were not mentioned in the hearing materials.</p><p>We consulted some car owners, and one Li Auto owner said:</p><p>The key is the car; as long as it's easy to drive, that's fine.</p><p>When asked about past Li Auto and some \"news\" about Li Xiang, the car owner, who also recommended Li Auto to others on Weibo, said he was unaware of it.</p><p>However, some consumers also said that certain comments made them waver whether to choose Li Auto when buying their \"first car\".</p><p>This reaction may be more pronounced in the capital market, and this impact may directly affect stocks.</p><p>As for why Li Auto's sales still increased in June despite the \"news\" in recent months, a Shanghai car owner said it was hard to say, but he also told us one reason for choosing Li Auto:</p><p>Among cars in the 300,000 yuan price range, only Li Auto can get a green license plate.</p><p>Li Xiang's short temper and \"street swearing\" image have also raised concerns among investors. Whether such traffic is beneficial to Ideal's brand image and its high-end development remains to be seen.</p><p>In the future, whether Li Xiang can lead the expanding ideal to reach the $100 billion mark may be key. Of course, what I'm saying has nothing to do with strategy.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/1S3hOTihp9jJ6dlJx80c0A\">AI蓝媒汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8843ee5d72c93e2911b6a263ef27f796","relate_stocks":{"LI":"理想汽车","02015":"理想汽车-W"},"source_url":"https://mp.weixin.qq.com/s/1S3hOTihp9jJ6dlJx80c0A","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103612914","content_text":"王兴是理想的第一个“关键先生”，李想则是第二个。\n\n去年7月，理想登陆纳斯达克。时间不到一年，7月26日，理想通过港交所上市聆讯，不久之后，我们将看到理想在港股双重上市。\n在聆讯材料中，创始人李想被称为“中国为数不多接连取得成功的创业家”，他曾先后创立泡泡网、汽车之家，理想汽车是其第三次创业。过去的这些成功经历，也都“彰显出李想作为中国最佳互联网产品经理之一的洞见、视野、经验及能力”。\n是的，李想可能是一个很牛的产品经理。去年理想上市后，市场曾对理想增程式技术架构有质疑，王兴在饭否上带着点推销的意思力挺李想，说：\n我从来不试图说服别人“买”理想ONE，我只是建议他们试一下理想ONE，开一开，坐一坐，自己感受一下再做判断。有些人碰都没碰过理想ONE，仅凭所谓行业经验/理论/常识就直接唱衰，呵呵。\n当然，王兴本人和美团现在和理想都是深度绑定的关系，王兴也被称作“理想的关键先生”。在聆讯材料中，理想的4个主要股东，美团和王兴就占据了两个重要位置：\n美团以13.23%的股权，拥有理想4.21%的投票权；王兴以6.76%的股权，拥有理想2.15%的投票权。\n\n李想本人则作为理想的单一大股东，以23.79%的股权，拥有理想75.74%的投票权。当初理想在美股上市时，根据其招股书中披露的数据，当时李想拥有理想21.0%的股权、72.7%的投票权。\n在“蔚小理”三家造车新势力中，李想是最具有“粉丝效应”的一位创始人。时至今日，李斌的微博有49.5万粉丝，何小鹏的微博有96.9万粉丝，而李想的微博，则有186.9万粉丝。\n当然，这种粉丝效应对理想可能并没有那么利好，比如李想的一个外号：\n车企创始人骂街第一人。\n这个外号很有意思，一定程度上表明了理想这家企业，其品牌形象已受损严重。\n比如我们复盘下4月、5月、7月，理想分别发生了三件看起来没什么关联的事。\n4月份时，李想发了一条微博，以第三者讲故事的角度，谈了一件事，并请求网友赐教。\n\n事件的起因，源于一位女记者从某人脉网站上加了一位理想的工程师，并问了一句：\n听说5月份理想one的改款车就要上市了，比较好奇新车都有哪些变化，可否请教一下？\n因为这个问题，该女记者惹恼了这位工程师，他反问道：\n我也想和你请教一下你的X生活和谐吗？最近有没有解锁什么新XX，也想和你请教一下。\n对于理想的员工来说，“保密”工作自然有其原则性，这位工程师在发表粗俗言论的同时，也表达了自己的怨气：\n能说的公司都对外宣布了，这种涉密的问题不要再找小白问了，真有人回答了你们，你们阅读量是上去了，想过提供信息的人吗？泄漏机密什么后果你不清楚？\n当然，这件事已经过去了，其中是非也不用太多讨论了。在理想的发展史中，这只是其公关危机案例中不起眼的一件，但这件事情也并非没有涟漪，5月份时，理想的另一场公关危机，就跟上述女记者提到的“理想one的改款车”有关。\n当时，有网友在微博上维权，发布多张在理想ONE车身上贴着的各种横幅，比如：\n车友跟理想谈情怀，理想把车友当傻子！理想ONE没有良心的欺诈销售，抛弃忠实粉丝！\n\n这起事件的起因是5月25日，理想发布并上市了新款理想ONE。从售价看，新款理想ONE售价上调了1万元，换来的是辅助驾驶系统软硬件和配置上的升级。\n问题的关键在于，不少的理想用户并不知道这一消息，已经订车以及提车不久的用户认为理想的销售欺骗了他们，有车主表示：\n升级换代很正常，但是隐瞒要升级换代，把旧款卖给我们就不对。\n有车主们开始通过各种渠道去发声，譬如在李想的微博、理想APP、车主群以及售后客服，但却经历了不理会以及“被移出群聊”等操作。在车主们“维权无门”后，他们自发组建维权群，并由一名律师职业的理想车主，送给了理想一发律师函。很“过分”的是，在网上流传的截图中，甚至有车主向理想的售后表达了自己一个很“大爷”的诉求：\n你帮我扇李想。\n\n事实上，理想的品牌受损，跟李想本人也有一定的关系。在过去的新闻中，李想身上的新闻点甚至比理想还要多。\n7月份时，有车主发布视频显示，理想ONE的座椅缝隙间疑似有水银，而且剂量可观。作为一种有毒物质，理想官方给出的解释是：\n理想ONE在产品设计、原材料选择、生产制造、运输及交付环节均未使用到水银，车辆完全符合《汽车禁用物质要求》（GB/T 30612-2014）及欧盟ELV等有害物质相关要求。\n\n但让理想深陷“水银门”事件的，却并非理想官方的态度，而是李想本人的一条微博。7月5日，李想在微博怒斥：\n造谣我们用水银的人和媒体，祝愿你们血液里流动着汞，脑子里装满了汞！\n\n这条微博，李想发了三遍。最后，这条微博还是被李想删掉了。\n这波操作，也将李想推上风口浪尖。微博的评论区中，有网友这样评价李想：\n道貌岸然、满嘴谎言、欺瞒消费者。\n这样的形象，对于一家上市企业的CEO，坦白说，很严重了。李想发脾气其实不是一次两次了，他也是少有的非常直性子地骂媒体的一位CEO。如果你看过李想在2013年参加的一档《赢在中国蓝天碧水间》的节目，应该能对李想的脾气有所了解。\n在这档节目中，彼时作为汽车之家创始人兼总裁的李想，因为合同准备不足，扯着嗓门现场发飙说：\n合同没打印好，还要我打印简历，在干什么，脑袋进水了。\n\n“水银门”事件后，有网友说李想膨胀了。经历过新能源汽车的低谷期后，理想交的成绩单其实还不错。在本次聆讯资料中提到，从2019年11月量产理想ONE，截至到2021年6月30日，理想汽车交付逾63000辆理想ONE。\n根据灼识咨询报告，按销量统计，理想ONE于2020年被评为中国最畅销的新能源SUV车型，占市场份额9.7%；同时于中国新能源汽车市场排名第六，占市场份额2.8%；理想汽车于中国新能源汽车品牌排名第十一。\n值得注意的是，在造车新势力的交付排行榜中，5月份时，理想的交付量为4323辆，仅排在第四。6月份时，理想的交付量就到了6565辆，超过了小鹏汽车，仅排在蔚来之下。\n与此同时，理想营收数据也在不断地爬台阶。理想2019年、2020年以及2021年第一季度的营收分别为2.84亿元、94.57亿元和35.75亿元，去年同期，这个数据还是8.52亿元。\n\n带着这样一份成绩单，理想要奔赴港股了。\n今天，理想的市值已经到了278.4亿美元，千亿美元市值梦的进度条已经走过了四分之一。\n但理想仍然面临着诸多问题。在聆讯资料中，理想提到的风险因素，很关键的一条是，截止到目前，理想仍然依赖单一车型带来收入，而且在可预见的未来，带来收入的车型数量有限。\n在关于理想的一些讨论中，有车主说：\n理想TWO什么时候出？\n除此之外，理想面临的问题还包括未在聆讯资料中提及的，关于创始人的言行对品牌的影响。\n我们咨询了一些车主，有理想车主表示：\n重点还是在于车，好开就行了。\n在提及过往理想以及李想的一些“新闻”时，这位在微博上还安利别人买理想的车主表示并不知晓。\n但同时，也有消费者表示，因为某些言论，使他在购买“人生第一台车”时是否选择理想产生了动摇。\n在资本市场，这种反应可能更明显，这种影响，可能会直接作用在股票上。\n至于为何在这几个月的“新闻”中，理想的销量在6月份仍然实现了上涨，一位上海的车主表示不好说，但他同时告诉我们选择理想的一个原因：\n在30万价位的车中，只有理想能上绿牌。\n李想本人的暴脾气以及“骂街”形象，也不由地让投资者引起担忧，这样的流量对理想品牌形象以及对理想的高端化是否有利也有待商榷。\n未来，能否带领膨胀的理想迈入千亿美元大关，李想可能是关键。当然，我说的跟战略无关。","news_type":1,"symbols_score_info":{"LI":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":6690,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803872920,"gmtCreate":1627434057060,"gmtModify":1703489821472,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803872920","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":4478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174191324,"gmtCreate":1627084343368,"gmtModify":1703483842451,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/174191324","repostId":"1129536436","repostType":4,"isVote":1,"tweetType":1,"viewCount":6127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172781915,"gmtCreate":1626994517937,"gmtModify":1703481891593,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/172781915","repostId":"1178083534","repostType":4,"repost":{"id":"1178083534","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":1626991424,"share":"https://ttm.financial/m/news/1178083534?lang=en_US&edition=fundamental","pubTime":"2021-07-23 06:03","market":"sh","language":"zh","title":"Intel's second-quarter earnings report exceeded expectations, causing the stock to rise more than 3% in after-hours trading before turning lower.","url":"https://stock-news.laohu8.com/highlight/detail?id=1178083534","media":"老虎资讯综合","summary":"美东时间7月22日周四美股盘后，按收入计算的美国最大芯片制造商英特尔发布了2021财年二季度财报。尽管二季度财报和提供的下季度及全年指引均利好，英特尔盘后一度涨超3%，随后转跌并跌超2%。这可能是由于","content":"<p>On Thursday, July 22, Eastern Time, after the US stock market closed, the largest US chipmaker by revenue...<a href=\"https://laohu8.com/S/INTC\">Intel</a>The company released its financial report for the second quarter of fiscal year 2021. Despite positive second-quarter earnings reports and guidance for the next quarter and full year, Intel rose more than 3% at one point in after-hours trading before turning lower and falling more than 2%. This may be due to the highly anticipated 9% year-on-year decline in data center revenue, as well as a slightly lower-than-expected revenue in the third quarter.</p><p>Some analysts say that the adjusted non-GAAP financial report data \"only met market expectations\" and did not provide many surprises to boost the stock price, after all, Intel is currently stuck in a \"quagmire\" of production bottlenecks and delayed releases of next-generation advanced process products.</p><p>Intel closed down 0.5% on Thursday to less than $56, retreating from a one-week high.<img src=\"https://static.tigerbbs.com/1e44b1f5b13edeceec07010bb6d667de\" tg-width=\"692\" tg-height=\"529\" referrerpolicy=\"no-referrer\"><b>Both revenue and profit increased year-on-year in the second quarter, despite market expectations of a decline. The company raised its full-year revenue guidance to year-on-year growth.</b></p><p>Financial reports show that Intel's adjusted quarterly revenue was $18.5 billion, a 2% year-over-year increase and $700 million more than the company's previously released official guidance. This marks the tenth consecutive quarter that Intel's revenue has exceeded expectations. The market had previously expected adjusted revenue to be $17.8 billion, representing a year-on-year decline of nearly 2%.</p><p>Unadjusted quarterly revenue was $19.6 billion, a slight decrease of 0.6% year-over-year. Some commentators have noted that Intel sold its flash memory manufacturing business to South Korea's SK Hynix last year, a portion of the revenue typically excluded from financial report analysis.</p><p>Adjusted quarterly EPS was $1.28 per share, which also exceeded the company's official guidance by $0.23, representing a 4% year-over-year increase. The market had expected $1.07, representing a 13% decrease from $1.23 in the same period last year.<img src=\"https://static.tigerbbs.com/54a380ec9f26ad798d138d536762dad0\" tg-width=\"640\" tg-height=\"275\" referrerpolicy=\"no-referrer\">Intel stated that in addition to revenue and EPS exceeding official guidance, gross margin also exceeded previous expectations at 59.2%, up nearly 3% year-over-year, and recorded record second-quarter PC business revenue and...<a href=\"https://laohu8.com/S/MBLY\">Mobileye</a>Departmental revenue.</p><p>The company also raised its earnings guidance for the full fiscal year 2021, expecting GAAP revenue of $77.6 billion, compared to its previous forecast of $77 billion.<b>Non-GAAP revenue is expected to be $73.5 billion, compared to the company's previous forecast of $72.5 billion and analysts' expectation of $73.1 billion, representing year-over-year growth.</b>。 GAAP EPS is expected to be $4.09 per share, while non-GAAP EPS is expected to be $4.80 per share, compared to the company's previous forecast of $4.60 and analysts' expectations of $4.62.<img src=\"https://static.tigerbbs.com/188db5648a869808eaffe51754e2dcda\" tg-width=\"500\" tg-height=\"266\" referrerpolicy=\"no-referrer\"></p><p>Meanwhile, the company expects adjusted EPS per share of $1.10 for the third quarter, also higher than analysts' expectations of $1.08; Third-quarter revenue is expected to be $19.1 billion, with adjusted revenue of approximately $18.2 billion, slightly lower than analysts' expectations of $18.27 billion.</p><p>Intel CEO Pat Gelsinger, who has been pushing to expand the chip foundry business since taking office in February, said that the second-quarter results show that the company's momentum is strengthening and its execution capabilities are improving. The digitalization process across various industries continues to accelerate, creating tremendous growth opportunities for Intel and its customers in core and emerging business areas. \"I believe this marks the beginning of a decade of growth for the entire semiconductor industry.\"</p><p><b>Personal computer and Mobileye businesses achieved the highest revenue in the second quarter, but data center revenue continued to decline year-on-year.</b></p><p><b>Looking at the business segments,</b>Intel's Client Computing Group (CCG), which includes personal computer chips, reported revenue of $10.1 billion, a 6% year-over-year increase, a record high for the second quarter, and also higher than market expectations of approximately $10 billion. Last year saw a year-on-year increase of 8%, a record high, significantly benefiting from the demand for working from home and remote classes during the COVID-19 pandemic.</p><p>The Data Center Group (DCG), which focuses on providing chips to cloud computing and server manufacturers, reported revenue of $6.5 billion, down 9% year-over-year but up 16% quarter-over-quarter, better than market expectations of approximately $5.9 billion or an 18% year-over-year decrease. Last year saw a year-on-year increase of 11%, reaching a new high.</p><p>Analysis points out that from competitors<a href=\"https://laohu8.com/S/AMD\">AMD</a>and<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>Against the backdrop of surging pressure and worrying delays in the release of advanced process chip products,<b>Investors are closely watching whether Intel's data center prospects and market share are being dragged down.</b></p><p>Currently, Nvidia, which specializes in designing graphics processing chips (GPUs), is entering the data center CPU market. Last year, it surpassed Intel to become the most valuable chipmaker in the United States. In April of this year, when Intel disclosed that its data center revenue had plummeted by 20% year-on-year in the first quarter and that AMD's similar business had doubled, Intel's stock price fell by more than 9% in after-hours trading, and its stock price has fallen by 14% since the first quarter report was released.</p><p>In the Internet of Things business unit, Internet of Things Group (IOTG) reported second-quarter revenue of $984 million, a 47% year-over-year increase, compared to market expectations of $9. Mobileye's AI-based autonomous driving business saw its quarterly revenue more than double by 124%, reaching a record high of $327 million in the second quarter, but falling short of the $360 million expected by some analysts. Mobileye's revenue had previously increased by 10% year-on-year to a new high last year.</p><p>In addition, the Non-Volatile Storage Solutions (NSG) business unit reported revenue of $1.1 billion in the second quarter, a 34% year-over-year decrease, but higher than analysts' expectations of $690 million, after a 23% year-over-year increase to a record high last year. The Programmable Solutions Group (PSG) reported revenue of $486 million, a 3% decrease year-over-year.</p><p><img src=\"https://static.tigerbbs.com/4c296d4a684062b9b88a5635caee35b7\" tg-width=\"640\" tg-height=\"240\" referrerpolicy=\"no-referrer\"></p><p>Intel stated that<b>Second-quarter overall revenue exceeded the company's April guidance, primarily driven by continued strength in the PC CCG division and a robust recovery in the enterprise divisions of the Internet of Things (IOTG) and Data Center (DCG) divisions.</b>PC platform sales increased by 33% year-on-year in the quarter, and Mobileye won 10 additional design bids, providing full lifecycle technical support for more devices.</p><p><b>Intel's stock price has far underperformed its competitors, with the market focused on expansion and transformation plans under the new CEO's leadership.</b></p><p>In terms of stock price performance, if the after-hours decline continues today, it will be equivalent to Intel experiencing three after-hours declines since the release of its last four quarterly earnings reports. Its stock price fell by more than 12% overall in the second quarter of this year. During the same period, the Dow Jones Industrial Average, which includes it as one of its constituent stocks, rose by 4.6%, the S&P 500 rose by more than 8%, the Nasdaq Composite, which is dominated by technology stocks, rose by 9.5%, and the Philadelphia Semiconductor Index rose by more than 7%.</p><p>Statistics show that as the pandemic boosted demand for chips in cars, laptops, and game consoles, the stock prices of most chipmakers soared over the past 12 months. Intel fell by more than 9% instead of rising, while its competitor Nvidia rose by more than 80% and AMD rose by more than 50%. This is mainly due to Wall Street's short-term bearish outlook on Intel, which has hurt its stock price due to production errors and losing market share to competitors.</p><p>Looking ahead, the market will closely monitor Intel's management's transformation strategy, with CEO Gelsinger expected to release more details later this month.</p><p>On the one hand, the continued year-on-year decline in data center revenue indicates that Intel is constantly losing market share and even its technological leadership. At the same time, the chip shortage will also drag down its sales, and Gelsinger once believed that the shortage would continue beyond 2022.<b>Company executives said in the earnings call: \"The chip shortage problem is expected to bottom out in the second half of this year, but it will take another 1-2 years for the chip industry to fully recover its production capacity.\"</b></p><p>Earlier this year, Gelsinger announced the creation of a new $20 billion foundry business to manufacture chips for other companies, and additional capacity expansions in the United States and overseas are also in the planning stage. The company may also benefit from funding bills planned by the U.S. Congress and the Biden administration to enhance domestic chip manufacturing capabilities.</p><p>Last week, media reports indicated that Intel was considering acquiring GlobalFoundries, the world's fourth-largest chip foundry, from the Abu Dhabi government's sovereign wealth fund for approximately $30 billion. If completed, it would be the largest acquisition in the company's history, and Intel would become a full-stack supplier in the chip field, not only for PC chips, but also for key areas such as 5G, the Internet of Things, and electric vehicles.</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>Intel's second-quarter earnings report exceeded expectations, causing the stock to rise more than 3% in after-hours trading before turning lower.</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\">\nIntel's second-quarter earnings report exceeded expectations, causing the stock to rise more than 3% in after-hours trading before turning lower.\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\">2021-07-23 06:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Thursday, July 22, Eastern Time, after the US stock market closed, the largest US chipmaker by revenue...<a href=\"https://laohu8.com/S/INTC\">Intel</a>The company released its financial report for the second quarter of fiscal year 2021. Despite positive second-quarter earnings reports and guidance for the next quarter and full year, Intel rose more than 3% at one point in after-hours trading before turning lower and falling more than 2%. This may be due to the highly anticipated 9% year-on-year decline in data center revenue, as well as a slightly lower-than-expected revenue in the third quarter.</p><p>Some analysts say that the adjusted non-GAAP financial report data \"only met market expectations\" and did not provide many surprises to boost the stock price, after all, Intel is currently stuck in a \"quagmire\" of production bottlenecks and delayed releases of next-generation advanced process products.</p><p>Intel closed down 0.5% on Thursday to less than $56, retreating from a one-week high.<img src=\"https://static.tigerbbs.com/1e44b1f5b13edeceec07010bb6d667de\" tg-width=\"692\" tg-height=\"529\" referrerpolicy=\"no-referrer\"><b>Both revenue and profit increased year-on-year in the second quarter, despite market expectations of a decline. The company raised its full-year revenue guidance to year-on-year growth.</b></p><p>Financial reports show that Intel's adjusted quarterly revenue was $18.5 billion, a 2% year-over-year increase and $700 million more than the company's previously released official guidance. This marks the tenth consecutive quarter that Intel's revenue has exceeded expectations. The market had previously expected adjusted revenue to be $17.8 billion, representing a year-on-year decline of nearly 2%.</p><p>Unadjusted quarterly revenue was $19.6 billion, a slight decrease of 0.6% year-over-year. Some commentators have noted that Intel sold its flash memory manufacturing business to South Korea's SK Hynix last year, a portion of the revenue typically excluded from financial report analysis.</p><p>Adjusted quarterly EPS was $1.28 per share, which also exceeded the company's official guidance by $0.23, representing a 4% year-over-year increase. The market had expected $1.07, representing a 13% decrease from $1.23 in the same period last year.<img src=\"https://static.tigerbbs.com/54a380ec9f26ad798d138d536762dad0\" tg-width=\"640\" tg-height=\"275\" referrerpolicy=\"no-referrer\">Intel stated that in addition to revenue and EPS exceeding official guidance, gross margin also exceeded previous expectations at 59.2%, up nearly 3% year-over-year, and recorded record second-quarter PC business revenue and...<a href=\"https://laohu8.com/S/MBLY\">Mobileye</a>Departmental revenue.</p><p>The company also raised its earnings guidance for the full fiscal year 2021, expecting GAAP revenue of $77.6 billion, compared to its previous forecast of $77 billion.<b>Non-GAAP revenue is expected to be $73.5 billion, compared to the company's previous forecast of $72.5 billion and analysts' expectation of $73.1 billion, representing year-over-year growth.</b>。 GAAP EPS is expected to be $4.09 per share, while non-GAAP EPS is expected to be $4.80 per share, compared to the company's previous forecast of $4.60 and analysts' expectations of $4.62.<img src=\"https://static.tigerbbs.com/188db5648a869808eaffe51754e2dcda\" tg-width=\"500\" tg-height=\"266\" referrerpolicy=\"no-referrer\"></p><p>Meanwhile, the company expects adjusted EPS per share of $1.10 for the third quarter, also higher than analysts' expectations of $1.08; Third-quarter revenue is expected to be $19.1 billion, with adjusted revenue of approximately $18.2 billion, slightly lower than analysts' expectations of $18.27 billion.</p><p>Intel CEO Pat Gelsinger, who has been pushing to expand the chip foundry business since taking office in February, said that the second-quarter results show that the company's momentum is strengthening and its execution capabilities are improving. The digitalization process across various industries continues to accelerate, creating tremendous growth opportunities for Intel and its customers in core and emerging business areas. \"I believe this marks the beginning of a decade of growth for the entire semiconductor industry.\"</p><p><b>Personal computer and Mobileye businesses achieved the highest revenue in the second quarter, but data center revenue continued to decline year-on-year.</b></p><p><b>Looking at the business segments,</b>Intel's Client Computing Group (CCG), which includes personal computer chips, reported revenue of $10.1 billion, a 6% year-over-year increase, a record high for the second quarter, and also higher than market expectations of approximately $10 billion. Last year saw a year-on-year increase of 8%, a record high, significantly benefiting from the demand for working from home and remote classes during the COVID-19 pandemic.</p><p>The Data Center Group (DCG), which focuses on providing chips to cloud computing and server manufacturers, reported revenue of $6.5 billion, down 9% year-over-year but up 16% quarter-over-quarter, better than market expectations of approximately $5.9 billion or an 18% year-over-year decrease. Last year saw a year-on-year increase of 11%, reaching a new high.</p><p>Analysis points out that from competitors<a href=\"https://laohu8.com/S/AMD\">AMD</a>and<a href=\"https://laohu8.com/S/NVDA\">NVIDIA</a>Against the backdrop of surging pressure and worrying delays in the release of advanced process chip products,<b>Investors are closely watching whether Intel's data center prospects and market share are being dragged down.</b></p><p>Currently, Nvidia, which specializes in designing graphics processing chips (GPUs), is entering the data center CPU market. Last year, it surpassed Intel to become the most valuable chipmaker in the United States. In April of this year, when Intel disclosed that its data center revenue had plummeted by 20% year-on-year in the first quarter and that AMD's similar business had doubled, Intel's stock price fell by more than 9% in after-hours trading, and its stock price has fallen by 14% since the first quarter report was released.</p><p>In the Internet of Things business unit, Internet of Things Group (IOTG) reported second-quarter revenue of $984 million, a 47% year-over-year increase, compared to market expectations of $9. Mobileye's AI-based autonomous driving business saw its quarterly revenue more than double by 124%, reaching a record high of $327 million in the second quarter, but falling short of the $360 million expected by some analysts. Mobileye's revenue had previously increased by 10% year-on-year to a new high last year.</p><p>In addition, the Non-Volatile Storage Solutions (NSG) business unit reported revenue of $1.1 billion in the second quarter, a 34% year-over-year decrease, but higher than analysts' expectations of $690 million, after a 23% year-over-year increase to a record high last year. The Programmable Solutions Group (PSG) reported revenue of $486 million, a 3% decrease year-over-year.</p><p><img src=\"https://static.tigerbbs.com/4c296d4a684062b9b88a5635caee35b7\" tg-width=\"640\" tg-height=\"240\" referrerpolicy=\"no-referrer\"></p><p>Intel stated that<b>Second-quarter overall revenue exceeded the company's April guidance, primarily driven by continued strength in the PC CCG division and a robust recovery in the enterprise divisions of the Internet of Things (IOTG) and Data Center (DCG) divisions.</b>PC platform sales increased by 33% year-on-year in the quarter, and Mobileye won 10 additional design bids, providing full lifecycle technical support for more devices.</p><p><b>Intel's stock price has far underperformed its competitors, with the market focused on expansion and transformation plans under the new CEO's leadership.</b></p><p>In terms of stock price performance, if the after-hours decline continues today, it will be equivalent to Intel experiencing three after-hours declines since the release of its last four quarterly earnings reports. Its stock price fell by more than 12% overall in the second quarter of this year. During the same period, the Dow Jones Industrial Average, which includes it as one of its constituent stocks, rose by 4.6%, the S&P 500 rose by more than 8%, the Nasdaq Composite, which is dominated by technology stocks, rose by 9.5%, and the Philadelphia Semiconductor Index rose by more than 7%.</p><p>Statistics show that as the pandemic boosted demand for chips in cars, laptops, and game consoles, the stock prices of most chipmakers soared over the past 12 months. Intel fell by more than 9% instead of rising, while its competitor Nvidia rose by more than 80% and AMD rose by more than 50%. This is mainly due to Wall Street's short-term bearish outlook on Intel, which has hurt its stock price due to production errors and losing market share to competitors.</p><p>Looking ahead, the market will closely monitor Intel's management's transformation strategy, with CEO Gelsinger expected to release more details later this month.</p><p>On the one hand, the continued year-on-year decline in data center revenue indicates that Intel is constantly losing market share and even its technological leadership. At the same time, the chip shortage will also drag down its sales, and Gelsinger once believed that the shortage would continue beyond 2022.<b>Company executives said in the earnings call: \"The chip shortage problem is expected to bottom out in the second half of this year, but it will take another 1-2 years for the chip industry to fully recover its production capacity.\"</b></p><p>Earlier this year, Gelsinger announced the creation of a new $20 billion foundry business to manufacture chips for other companies, and additional capacity expansions in the United States and overseas are also in the planning stage. The company may also benefit from funding bills planned by the U.S. Congress and the Biden administration to enhance domestic chip manufacturing capabilities.</p><p>Last week, media reports indicated that Intel was considering acquiring GlobalFoundries, the world's fourth-largest chip foundry, from the Abu Dhabi government's sovereign wealth fund for approximately $30 billion. If completed, it would be the largest acquisition in the company's history, and Intel would become a full-stack supplier in the chip field, not only for PC chips, but also for key areas such as 5G, the Internet of Things, and electric vehicles.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c74be4c2a08964ef2daf32217f693b44","relate_stocks":{"09086":"华夏纳指-U","INTC":"英特尔","03086":"华夏纳指"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178083534","content_text":"美东时间7月22日周四美股盘后，按收入计算的美国最大芯片制造商英特尔发布了2021财年二季度财报。尽管二季度财报和提供的下季度及全年指引均利好，英特尔盘后一度涨超3%，随后转跌并跌超2%。这可能是由于备受关注的数据中心收入仍同比下跌9%，以及三季度预期营收略跌于预期。\n也有分析称，经调整后非GAAP的财报数据“只是符合市场预期”，没有提供太多的惊喜来提振股价，毕竟英特尔当前还陷在生产瓶颈和下一代先进制程产品延迟发布的“泥沼”中。\n英特尔周四收跌0.5%，报收不足56美元，从一周新高回落。二季度营收和盈利均同比增长，市场原本预期下滑，提升全年营收指引至同比增长\n财报显示，英特尔经调整后的季度营收为185亿美元，同比增长2%，也比公司此前发布的官方指引多出7亿美元。这等于英特尔连续十个季度营收超预期，市场曾认为调整后营收为178亿美元，代表同比下滑近2%。\n而未调整前的季度营收为196亿美元，同比微跌0.6%。有评论称，英特尔去年出售其闪存制造业务给韩国的SK海力士，这部分收入通常从财报分析中剥离。\n经调整后的季度EPS为每股收益1.28美元，也比公司的官方指引高出0.23美元，同比增长4%。市场曾预期为1.07美元，代表较去年同期的1.23美元下跌13%。英特尔表示，除了营收和EPS超出官方指引，毛利率也好于此前预期至59.2%，同比上升近3%，并录得创纪录的二季度个人电脑PC业务收入和Mobileye部门收入。\n公司还提升2021财年全年的盈利指引，预计GAAP项下的营收为776亿美元，此前公司预计为770亿美元。预计非GAAP的营收为735亿美元，公司此前预计为725亿美元，分析师预期为731亿美元，这也代表将实现同比增长。预计GAAP项下的EPS为每股收益4.09美元，非GAAP的EPS为每股收益4.80美元，后者公司此前预计为4.60美元，分析师预期为4.62美元。\n同时，公司预计三季度调整后EPS为每股收益1.10美元，同样高于分析师预期的1.08美元；预计三季度营收191亿美元，调整后营收约为182亿美元，略低于分析师预期的182.7亿美元。\n今年2月履新后力推开拓芯片代工制造业务的英特尔首席执行官Pat Gelsinger表示，二季度业绩表明公司势头正在增强、执行力正在提高。各行各业的数字化进程继续加速，为英特尔及其客户在核心和新兴业务领域创造了巨大的增长机会，“相信这是整个半导体行业十年增长期的开始。”\n个人电脑和Mobileye业务创二季度营收最高，但数据中心收入持续同比下滑\n分业务来看，包括个人电脑芯片在内的英特尔客户端计算事业部（CCG）101亿美元，同比增长6%，创二季度新高纪录，也高于市场预期的约100亿美元。去年全年曾同比增8%并创历史最高，显著受益于新冠疫情下的居家办公和远程上课需求。\n专注为云计算和服务器制造商提供芯片的数据中心事业部（DCG）营收65亿美元，同比下跌9%，环比增长16%，好于市场预期的约59亿美元或同比下降18%。去年全年同比增11%至新高。\n分析指出，在来自竞争对手AMD和英伟达的压力激增，以及令人担忧的先进制程芯片产品不断延迟发布的背景下，投资者密切关注英特尔的数据中心前景和市场份额是否受到拖累。\n当前，专门设计图形处理芯片GPU的英伟达正在进军数据中心CPU，去年超过英特尔成为美国市值最高的芯片商。而在今年4月，当英特尔披露一季度数据中心营收同比骤降20%、AMD的同类业务翻倍时，英特尔曾盘后跌超9%，而且一季报发布至今股价累跌14%。\n在物联网业务部中，物联网集团（IOTG）二季度营收9.84亿美元，同比激增47%，市场预期为9美元；基于人工智能的自动驾驶业务Mobileye季度营收翻倍激增124%，创史上二季度最高至3.27亿美元，但低于部分分析师预期的3.6亿美元，Mobileye营收去年曾同比增10%至新高。\n此外，非易失性存储解决方案事业部（NSG）二季度营收11亿美元，同比下跌34%，但高于分析师预期的6.9亿美元，去年曾同比增23%至历史最高。可编程解决方案事业部（PSG）营收4.86亿美元，同比下跌3%。\n\n英特尔表示，二季度整体营收超过公司4月提供的指引，主要由个人电脑CCG部门的持续强劲，以及物联网事业部（IOTG）和数据中心事业部（DCG）中的企业部门强劲复苏推动，当季PC平台销量同比增长 33%，Mobileye 获得 10 个额外的设计中标，为更多设备提供全生命周期技术支持。\n英特尔股价表现远逊于竞争对手，市场聚焦新CEO领导下的扩产和转型计划\n在股价表现方面，今日盘后转跌的态势如果延续，等于英特尔在过去四份季度财报发布后有三次盘后下跌。其股价今年二季度整体跌超12%，同期容纳其作为成分股之一的道指累涨4.6%、标普500指数累涨逾8%、科技股居多的纳指累涨9.5%，费城半导体指数累涨超7%。\n统计显示，由于疫情推升了汽车、笔记本电脑和游戏机中的芯片需求，过去12个月大部分芯片制造商股价飙升，英特尔不升反降了逾9%，竞争对手英伟达则涨超80%，AMD涨超50%。这主要是由于华尔街对英特尔短期内看跌，令其股价因生产失误和市场份额输给竞争对手而受到伤害。\n展望未来，市场将密切关注英特尔管理层给出的转型战略，CEO Gelsinger预计在本月晚些时候公布更多细节。\n一方面，数据中心收入持续同比下降，代表英特尔不断输掉市场份额，甚至输掉技术领先能力。同时，芯片短缺也会拖累其销售，Gelsinger曾认为短缺会持续到2022年以后。公司高管在财报电话会上称：“芯片短缺问题料将在今年下半年见底，但芯片行业完全恢复产能还需1-2年。”\n今年年初，Gelsinger曾宣布将创建一个价值200亿美元的新代工业务，为其他公司制造芯片，美国和海外的额外产能扩张也处于规划阶段。公司还可能受益于美国国会与拜登政府筹划的增强国内芯片制造能力的拨款法案。\n上周有媒体称，英特尔正考虑从阿布扎比政府主权财富基金手中以约300亿美元，收购全球第四大芯片代工厂GlobalFoundries。如果达成将是公司史上最大的一笔收购，英特尔也会变成芯片领域的全栈供应商，不仅仅是PC上的芯片，还包括5G、物联网、电动汽车等关键领域。","news_type":1,"symbols_score_info":{"09086":0.9,"INTC":0.9,"03086":0.9}},"isVote":1,"tweetType":1,"viewCount":1372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176729528,"gmtCreate":1626916916764,"gmtModify":1703480496419,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Oic","listText":"Oic","text":"Oic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176729528","repostId":"2153396623","repostType":4,"isVote":1,"tweetType":1,"viewCount":2115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178293811,"gmtCreate":1626822496433,"gmtModify":1703765699065,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/178293811","repostId":"2152686859","repostType":4,"repost":{"id":"2152686859","kind":"news","pubTimestamp":1626795361,"share":"https://ttm.financial/m/news/2152686859?lang=en_US&edition=fundamental","pubTime":"2021-07-20 23:36","market":"hk","language":"zh","title":"Spin off businesses to accelerate transformation! Can GlaxoSmithKline successfully break through this predicament?","url":"https://stock-news.laohu8.com/highlight/detail?id=2152686859","media":"医药魔方","summary":"2021年对于葛兰素史克来说显得有些艰难，在加速转型的路上，GSK也不可避免地经历阵痛期。\nGSK 2020年的财报其实就显示出了一定的颓势，全年营收为340.99亿英镑，同比增长仅仅为1%，此外在制","content":"<p>2021 for<a href=\"https://laohu8.com/S/GSK\">GlaxoSmithKline</a>It seems somewhat difficult, and on the road to accelerating transformation, GSK will inevitably experience a period of growing pains.</p><p>GSK's 2020 financial report actually showed a certain downward trend, with annual revenue of 34.099 billion pounds, a year-on-year increase of only 1%. In addition, revenue from pharmaceutical and vaccine businesses both showed varying degrees of decline. Entering 2021, GSK's first-quarter performance was still somewhat dismal, with total revenue of £7.418 billion, a year-on-year decline of 18%. For a long-established powerhouse MNC, this result seems a bit unreasonable. In particular, GSK's vaccine business sales in the first quarter were only 1.2 billion pounds, a year-on-year decline of nearly 32%, while two years ago GSK's vaccine business revenue ranked first in the world.</p><p><img src=\"https://static.tigerbbs.com/49db1b7ede2237c7045d9671b5461350\" tg-width=\"720\" tg-height=\"391\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Image source: GSK Q1 2021 financial report</p><p>In early June this year, PharmExec (American Pharmaceutical Manager Magazine) announced the 2021 TOP50 list of global pharmaceutical companies. GSK ranked ninth. Although GSK's ranking has been relatively stable in the past three years, from the overall and core product sales, the situation is hard to say optimistic. From the ranking of pharmaceutical companies in the past three years, it can be seen that the gap between GSK and leading pharmaceutical companies is further widening. In 2018, the sales gap was basically the same as the previous one, and by 2020, it was directly left behind by the previous one. Sales of more than 5 billion US dollars, in addition, in the past two years, the sales gap between GSK and the pharmaceutical companies ranked behind is also further narrowing. In 2020, GSK's highest-selling drug was the HIV-1 infection drug Triumeq. Although sales reached 2.96 billion US dollars, it fell by 8.7% year-on-year. Sales in the first quarter of this year fell by 23% year-on-year. With the fierce impact of Gilead, the prospects for the drug's market share also appear somewhat precarious.</p><p>TOP10 global pharmaceutical companies (sales: 100 million US dollars)</p><p><img src=\"https://static.tigerbbs.com/3af8fbdca54d47d99c31dfe2d6d6e7b7\" tg-width=\"720\" tg-height=\"827\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Note: The data is compiled from the Medical Rubik's Cube, and the sales revenue is the previous year.</p><p>With 2021 already more than halfway through, whether GSK can successfully stop its decline and make a comeback in the second half of the year and even in the future, judging from the signals currently released by GSK, the day when it will see the sun may not be far away.</p><p>1. Can revenue growth continue over the next ten years after spinning off the business?</p><p>When talking about GSK, we have to mention its current head-Emma Walmsley. Since becoming CEO of GSK in 2016, with the halo of being the first female CEO in GSK's history, Walmsley has been leading GSK on the road of transformation. Faced with a decline in business, Walmsley recently announced GSK's operational and R&D plans for the next ten years. An important part of this is that it is expected that in mid-2022, GSK's consumer health division will be separated into an independent company, and the spun-off new GSK will focus on the development of innovative vaccines and drugs.</p><p>The road to transformation is inevitably fraught with doubts, and capital forces, represented by the capital giant Elliott Management, are already voicing their doubts. Elliott stated that Walmsley, who had no scientific background, was giving blind orders and even called for Walmsley's direct dismissal. However, GSK's board of directors still firmly stood by its leader, stating that under Walmsley's leadership, GSK could achieve leapfrog development through spin-offs and long-term future planning.</p><p>In Walmsley's plan, after GSK is split in two, the independent pharmaceutical segment will maintain continuous growth in the next ten years. By 2031, the revenue of the independent pharmaceutical business will reach 46 billion US dollars, of which the operating profit in the next five years will continue to grow by more than 10%. After the spin-off, the new GSK will focus more on the development of infectious diseases, HIV, tumors and immune/respiratory drugs.</p><p>As GSK's traditional strength business, consumer healthcare brought in more than $13 billion in revenue last year. Its performance after the spin-off was unanimously favored by Walmsley and the board of directors. GSK's move to spin off the consumer healthcare business, which has an annual revenue of more than $10 billion and is still growing, has also been controversial. Some analysts believe that GSK's core purpose may be to broaden financing channels, demand higher valuations, and improve operational efficiency.</p><p>From a single-core to a twin-star model, GSK has made tremendous attempts for its development over the next decade. Walmsley and its partners, who are under enormous pressure, are bound to face more challenges. Their bold statements have been recorded, and time will tell.</p><p>2 Can GSK catch up with the successive introduction of new products?</p><p>After announcing the ten-year plan, GSK successively sounded the charge on the road to transformation.</p><p>Recently, GSK and Alector jointly announced that the two companies have reached a global strategic cooperation. GSK spent 2.2 billion US dollars to obtain two potential \"first-in-class\" monoclonal antibody drugs AL001 and AL101 in the clinical stage. The joint development rights of AL101, these two drugs will be used to develop and treat a number of neurodegenerative diseases including amyotrophic lateral sclerosis, Parkinson's disease and Alzheimer's disease.</p><p>This move is also seen as GSK's layout of one of the most attractive gene validation targets in current new immunoneurological treatment methods. It is not difficult to see from GSK's layout in the immune track that it attaches great importance to immune drugs. In the past 2020, Nucala and Trelegy Ellipta have grown into blockbuster drugs for their respective indications. Nucala is the world's first anti-IL5 monoclonal antibody drug for the treatment of eosinophilic asthma. It has breakthrough significance in the expansion of multiple indications, and its sales in 2020 also reached 1.284 billion US dollars. It is worth mentioning that Nucala's sales reached $352 million in the first quarter of this year, a year-on-year increase of 21%, and are expected to continue to grow in the future. Another drug, Trelegy Ellipta, as the first triple inhalation preparation approved for both COPD and asthma, exceeded the billion-dollar mark in sales for the first time in 2020, with a growth rate of 60%.</p><p>In addition, Benlysta (beliumab), as the first new drug for systemic lupus erythematosus (SLE) to be launched in 50 years, also saw sales approaching the blockbuster threshold in 2020. On December 17, 2020, Benlysta was approved by the FDA for the treatment of lupus nephritis, a serious complication of SLE. It became the first drug approved by the FDA for the treatment of lupus nephritis. In addition, it was included in the national medical insurance catalog. Benlysta's sales revenue maintained high double-digit growth (18%) in the first quarter of 2021. With many halos, Benlysta will undoubtedly become a powerful player under GSK in this sector.</p><p>It is not difficult to see that with drugs such as Nucala, Trelegy Ellipta and Benlysta at the forefront, plus GSK currently has more than 20 drugs that have entered Phase III clinical trials, the competitiveness of the first and substitute players should not be underestimated. Immune drugs will become one of the pillars supporting GSK's business growth in the future.</p><p>In terms of anti-tumor drugs, GSK has obviously also accelerated its layout. Also last month, GSK introduced a TIGIT monoclonal antibody drug with up to 2 billion US dollars. As a popular target after PD-1/PD-L1 and CTLA-4, TIGIT has also attracted a number of pharmaceutical giants to lay out, but so far no products for this target have been approved. Since only one PD-1 product has been approved this year, GSK, which has been clearly left behind by dozens of positions in the PD-1 track, has also set its sights on this rising star. In the future, GSK will cooperate with Roche,<a href=\"https://laohu8.com/S/MRK\">Merck</a>Old rivals such as BMS continue to fight each other.</p><p>Previously, GSK acquired Tesaro for a sky-high price of US$5.1 billion and obtained the development rights of Zejula (niraparib). As the only PARP inhibitor that only needs to be taken orally once a day, Zejula's performance in 2020 also lived up to expectations, achieving nearly 50% growth, and reached sales of US$122 million in the first quarter of 2021, a year-on-year increase of 10%. Another drug, Blenrep, as the world's first BCMA (B cell maturation antigen) targeted therapy, has achieved sales of 43 million US dollars in clinical last-line therapy applications in just 5 months, and the future prospects are relatively optimistic.</p><p>Although GSK only returned to the oncology drug market in 2016 for various reasons, judging from its layout in recent years, GSK seems to be somewhat hesitant in its layout of oncology drugs. This is why it currently does not have a truly leading global blockbuster drug. After introducing a number of products to expand its pipeline, GSK will have more confidence to challenge other competitors.</p><p>3 With a new generation of therapies, can GSK successfully challenge Gilead's HIV dominance?</p><p>Data shows that the global HIV drug market exceeded 27 billion US dollars in 2020. In this vast market, Gilead is currently the undisputed dominant player, occupying 62% of the global HIV market share. Biktarvy, a blockbuster product developed by Gilead, was in the spotlight for a while. In the second year of its listing, it reached sales of 7.3 billion US dollars and jumped to become the king of HIV drugs. As a veteran HIV player, GSK has been firmly occupying the second place in recent years. Although it was impacted by Biktarvy, which led to a decline in the growth rate of GSK's HIV drug sales, its developed Triumeq and Tivicay still delivered a good report card last year, with sales reaching 2.98 billion and 1.97 billion US dollars respectively.</p><p><img src=\"https://static.tigerbbs.com/dfafd99b115f924f68a1cf5050d6dff2\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Image source:<a href=\"https://laohu8.com/S/SINA\">Sina</a>Medicine</p><p>So in the future, will GSK have the opportunity to challenge Gilead's dominant position in the field of HIV? Of course it's possible.</p><p>One of the major reasons is that GSK has successfully developed Cabenuva, which is currently the first and only long-acting drug that can completely treat HIV-1 infection, which can be administered once a month. In other words, Cabenuva has completed a historic breakthrough in HIV patients from oral treatment 365 days a year to injection once a month, that is, only 12 days of injection treatment a year. Although Gilead also has various layouts in long-acting HIV drug administration, GSK has obviously taken the initiative in the new generation of HIV therapy. According to GSK's prediction, Cabenuva's sales will reach 7 billion US dollars in the next few years. It also confidently stated that GSK is currently at least five years ahead of other competitors in the new generation of long-acting drug administration.</p><p>4. With bad luck, will GSK be able to catch the next train for the COVID-19 vaccine?</p><p>As one of the world's largest vaccine manufacturers, GSK's development of its COVID-19 vaccine has been full of twists and turns.</p><p>Despite previously<a href=\"https://laohu8.com/S/0O59.UK\">Sanofi</a>They jointly announced the development of an adjuvanted recombinant protein COVID-19 vaccine, but unfortunately, due to the unsatisfactory results of the vaccine's mid-term study in Phase 1/2 last year, the two parties had no choice but to announce the postponement of the trial plan until May of this year. They jointly announced the restart and began Phase III clinical trials. To make matters worse, the cooperation between GSK and CureVac has made matters worse. On June 17, CureVac announced that the second interim analysis results of its mRNA novel coronavirus vaccine candidate Phase 2b/3 study showed that the effectiveness was only 47%. This undoubtedly gave GSK another blow.</p><p>In<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>While Moderna is making a fortune from its COVID-19 vaccine, GSK doesn't even have the right to drink soup right now. However, there is always a way out. The adjuvant recombinant protein COVID-19 vaccine previously jointly developed by GSK and Sanofi has gone smoothly after restarting clinical trials and may be launched before the end of the year. Bogillot, chairman of Sanofi France, also made an optimistic prediction, saying that although it entered the field late, the vaccine may be very effective in France and overseas. He also said: \"With the emergence of variant viruses, we must achieve a very high level of herd immunity.\" In addition, the neutralizing antibody therapy VIR-7831 jointly developed by GSK and Vir Biotechnology has good clinical trial results in the treatment of early COVID-19 patients, and the two companies have submitted an emergency use authorization application to the US FDA.</p><p>Although it has missed the best time to get on board, as the only company identified by the WHO to develop drugs and vaccines for the three major global diseases (malaria, AIDS and tuberculosis), GSK still does not need to worry too much about the commercialization and production capacity of vaccines. As an important piece on the road to future transformation, how Walmsley will lead her team to catch up and play carefully in these three tracks will also trouble her for some time.</p><p>5 Summary</p><p>Regardless of whether there is doubt or not, GSK's transformation path has indeed officially begun. There is a saying in the ancient East: \"When you are in trouble, you will change; when you change, you will prosper; when you prosper, you will last.\" This is applicable to GSK at this moment. In the predicament of continued decline in business, such changes are indeed needed to inject new vitality into GSK. Although there are no results to prove that \"change leads to success\" in the short term, it is encouraging that Walmsley is leading GSK to try to get out of the fog. The ten-year plan is long. Perhaps Walmsley will be dismissed after a year. Perhaps in three years, Walmsley has led GSK to complete the transformation... No one can predict the future, and we will wait and see.</p>","source":"lsy1571747680734","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>Spin off businesses to accelerate transformation! Can GlaxoSmithKline successfully break through this predicament?</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\">\nSpin off businesses to accelerate transformation! Can GlaxoSmithKline successfully break through this predicament?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">医药魔方</strong><span class=\"h-time small\">2021-07-20 23:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>2021 for<a href=\"https://laohu8.com/S/GSK\">GlaxoSmithKline</a>It seems somewhat difficult, and on the road to accelerating transformation, GSK will inevitably experience a period of growing pains.</p><p>GSK's 2020 financial report actually showed a certain downward trend, with annual revenue of 34.099 billion pounds, a year-on-year increase of only 1%. In addition, revenue from pharmaceutical and vaccine businesses both showed varying degrees of decline. Entering 2021, GSK's first-quarter performance was still somewhat dismal, with total revenue of £7.418 billion, a year-on-year decline of 18%. For a long-established powerhouse MNC, this result seems a bit unreasonable. In particular, GSK's vaccine business sales in the first quarter were only 1.2 billion pounds, a year-on-year decline of nearly 32%, while two years ago GSK's vaccine business revenue ranked first in the world.</p><p><img src=\"https://static.tigerbbs.com/49db1b7ede2237c7045d9671b5461350\" tg-width=\"720\" tg-height=\"391\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Image source: GSK Q1 2021 financial report</p><p>In early June this year, PharmExec (American Pharmaceutical Manager Magazine) announced the 2021 TOP50 list of global pharmaceutical companies. GSK ranked ninth. Although GSK's ranking has been relatively stable in the past three years, from the overall and core product sales, the situation is hard to say optimistic. From the ranking of pharmaceutical companies in the past three years, it can be seen that the gap between GSK and leading pharmaceutical companies is further widening. In 2018, the sales gap was basically the same as the previous one, and by 2020, it was directly left behind by the previous one. Sales of more than 5 billion US dollars, in addition, in the past two years, the sales gap between GSK and the pharmaceutical companies ranked behind is also further narrowing. In 2020, GSK's highest-selling drug was the HIV-1 infection drug Triumeq. Although sales reached 2.96 billion US dollars, it fell by 8.7% year-on-year. Sales in the first quarter of this year fell by 23% year-on-year. With the fierce impact of Gilead, the prospects for the drug's market share also appear somewhat precarious.</p><p>TOP10 global pharmaceutical companies (sales: 100 million US dollars)</p><p><img src=\"https://static.tigerbbs.com/3af8fbdca54d47d99c31dfe2d6d6e7b7\" tg-width=\"720\" tg-height=\"827\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Note: The data is compiled from the Medical Rubik's Cube, and the sales revenue is the previous year.</p><p>With 2021 already more than halfway through, whether GSK can successfully stop its decline and make a comeback in the second half of the year and even in the future, judging from the signals currently released by GSK, the day when it will see the sun may not be far away.</p><p>1. Can revenue growth continue over the next ten years after spinning off the business?</p><p>When talking about GSK, we have to mention its current head-Emma Walmsley. Since becoming CEO of GSK in 2016, with the halo of being the first female CEO in GSK's history, Walmsley has been leading GSK on the road of transformation. Faced with a decline in business, Walmsley recently announced GSK's operational and R&D plans for the next ten years. An important part of this is that it is expected that in mid-2022, GSK's consumer health division will be separated into an independent company, and the spun-off new GSK will focus on the development of innovative vaccines and drugs.</p><p>The road to transformation is inevitably fraught with doubts, and capital forces, represented by the capital giant Elliott Management, are already voicing their doubts. Elliott stated that Walmsley, who had no scientific background, was giving blind orders and even called for Walmsley's direct dismissal. However, GSK's board of directors still firmly stood by its leader, stating that under Walmsley's leadership, GSK could achieve leapfrog development through spin-offs and long-term future planning.</p><p>In Walmsley's plan, after GSK is split in two, the independent pharmaceutical segment will maintain continuous growth in the next ten years. By 2031, the revenue of the independent pharmaceutical business will reach 46 billion US dollars, of which the operating profit in the next five years will continue to grow by more than 10%. After the spin-off, the new GSK will focus more on the development of infectious diseases, HIV, tumors and immune/respiratory drugs.</p><p>As GSK's traditional strength business, consumer healthcare brought in more than $13 billion in revenue last year. Its performance after the spin-off was unanimously favored by Walmsley and the board of directors. GSK's move to spin off the consumer healthcare business, which has an annual revenue of more than $10 billion and is still growing, has also been controversial. Some analysts believe that GSK's core purpose may be to broaden financing channels, demand higher valuations, and improve operational efficiency.</p><p>From a single-core to a twin-star model, GSK has made tremendous attempts for its development over the next decade. Walmsley and its partners, who are under enormous pressure, are bound to face more challenges. Their bold statements have been recorded, and time will tell.</p><p>2 Can GSK catch up with the successive introduction of new products?</p><p>After announcing the ten-year plan, GSK successively sounded the charge on the road to transformation.</p><p>Recently, GSK and Alector jointly announced that the two companies have reached a global strategic cooperation. GSK spent 2.2 billion US dollars to obtain two potential \"first-in-class\" monoclonal antibody drugs AL001 and AL101 in the clinical stage. The joint development rights of AL101, these two drugs will be used to develop and treat a number of neurodegenerative diseases including amyotrophic lateral sclerosis, Parkinson's disease and Alzheimer's disease.</p><p>This move is also seen as GSK's layout of one of the most attractive gene validation targets in current new immunoneurological treatment methods. It is not difficult to see from GSK's layout in the immune track that it attaches great importance to immune drugs. In the past 2020, Nucala and Trelegy Ellipta have grown into blockbuster drugs for their respective indications. Nucala is the world's first anti-IL5 monoclonal antibody drug for the treatment of eosinophilic asthma. It has breakthrough significance in the expansion of multiple indications, and its sales in 2020 also reached 1.284 billion US dollars. It is worth mentioning that Nucala's sales reached $352 million in the first quarter of this year, a year-on-year increase of 21%, and are expected to continue to grow in the future. Another drug, Trelegy Ellipta, as the first triple inhalation preparation approved for both COPD and asthma, exceeded the billion-dollar mark in sales for the first time in 2020, with a growth rate of 60%.</p><p>In addition, Benlysta (beliumab), as the first new drug for systemic lupus erythematosus (SLE) to be launched in 50 years, also saw sales approaching the blockbuster threshold in 2020. On December 17, 2020, Benlysta was approved by the FDA for the treatment of lupus nephritis, a serious complication of SLE. It became the first drug approved by the FDA for the treatment of lupus nephritis. In addition, it was included in the national medical insurance catalog. Benlysta's sales revenue maintained high double-digit growth (18%) in the first quarter of 2021. With many halos, Benlysta will undoubtedly become a powerful player under GSK in this sector.</p><p>It is not difficult to see that with drugs such as Nucala, Trelegy Ellipta and Benlysta at the forefront, plus GSK currently has more than 20 drugs that have entered Phase III clinical trials, the competitiveness of the first and substitute players should not be underestimated. Immune drugs will become one of the pillars supporting GSK's business growth in the future.</p><p>In terms of anti-tumor drugs, GSK has obviously also accelerated its layout. Also last month, GSK introduced a TIGIT monoclonal antibody drug with up to 2 billion US dollars. As a popular target after PD-1/PD-L1 and CTLA-4, TIGIT has also attracted a number of pharmaceutical giants to lay out, but so far no products for this target have been approved. Since only one PD-1 product has been approved this year, GSK, which has been clearly left behind by dozens of positions in the PD-1 track, has also set its sights on this rising star. In the future, GSK will cooperate with Roche,<a href=\"https://laohu8.com/S/MRK\">Merck</a>Old rivals such as BMS continue to fight each other.</p><p>Previously, GSK acquired Tesaro for a sky-high price of US$5.1 billion and obtained the development rights of Zejula (niraparib). As the only PARP inhibitor that only needs to be taken orally once a day, Zejula's performance in 2020 also lived up to expectations, achieving nearly 50% growth, and reached sales of US$122 million in the first quarter of 2021, a year-on-year increase of 10%. Another drug, Blenrep, as the world's first BCMA (B cell maturation antigen) targeted therapy, has achieved sales of 43 million US dollars in clinical last-line therapy applications in just 5 months, and the future prospects are relatively optimistic.</p><p>Although GSK only returned to the oncology drug market in 2016 for various reasons, judging from its layout in recent years, GSK seems to be somewhat hesitant in its layout of oncology drugs. This is why it currently does not have a truly leading global blockbuster drug. After introducing a number of products to expand its pipeline, GSK will have more confidence to challenge other competitors.</p><p>3 With a new generation of therapies, can GSK successfully challenge Gilead's HIV dominance?</p><p>Data shows that the global HIV drug market exceeded 27 billion US dollars in 2020. In this vast market, Gilead is currently the undisputed dominant player, occupying 62% of the global HIV market share. Biktarvy, a blockbuster product developed by Gilead, was in the spotlight for a while. In the second year of its listing, it reached sales of 7.3 billion US dollars and jumped to become the king of HIV drugs. As a veteran HIV player, GSK has been firmly occupying the second place in recent years. Although it was impacted by Biktarvy, which led to a decline in the growth rate of GSK's HIV drug sales, its developed Triumeq and Tivicay still delivered a good report card last year, with sales reaching 2.98 billion and 1.97 billion US dollars respectively.</p><p><img src=\"https://static.tigerbbs.com/dfafd99b115f924f68a1cf5050d6dff2\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Image source:<a href=\"https://laohu8.com/S/SINA\">Sina</a>Medicine</p><p>So in the future, will GSK have the opportunity to challenge Gilead's dominant position in the field of HIV? Of course it's possible.</p><p>One of the major reasons is that GSK has successfully developed Cabenuva, which is currently the first and only long-acting drug that can completely treat HIV-1 infection, which can be administered once a month. In other words, Cabenuva has completed a historic breakthrough in HIV patients from oral treatment 365 days a year to injection once a month, that is, only 12 days of injection treatment a year. Although Gilead also has various layouts in long-acting HIV drug administration, GSK has obviously taken the initiative in the new generation of HIV therapy. According to GSK's prediction, Cabenuva's sales will reach 7 billion US dollars in the next few years. It also confidently stated that GSK is currently at least five years ahead of other competitors in the new generation of long-acting drug administration.</p><p>4. With bad luck, will GSK be able to catch the next train for the COVID-19 vaccine?</p><p>As one of the world's largest vaccine manufacturers, GSK's development of its COVID-19 vaccine has been full of twists and turns.</p><p>Despite previously<a href=\"https://laohu8.com/S/0O59.UK\">Sanofi</a>They jointly announced the development of an adjuvanted recombinant protein COVID-19 vaccine, but unfortunately, due to the unsatisfactory results of the vaccine's mid-term study in Phase 1/2 last year, the two parties had no choice but to announce the postponement of the trial plan until May of this year. They jointly announced the restart and began Phase III clinical trials. To make matters worse, the cooperation between GSK and CureVac has made matters worse. On June 17, CureVac announced that the second interim analysis results of its mRNA novel coronavirus vaccine candidate Phase 2b/3 study showed that the effectiveness was only 47%. This undoubtedly gave GSK another blow.</p><p>In<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>While Moderna is making a fortune from its COVID-19 vaccine, GSK doesn't even have the right to drink soup right now. However, there is always a way out. The adjuvant recombinant protein COVID-19 vaccine previously jointly developed by GSK and Sanofi has gone smoothly after restarting clinical trials and may be launched before the end of the year. Bogillot, chairman of Sanofi France, also made an optimistic prediction, saying that although it entered the field late, the vaccine may be very effective in France and overseas. He also said: \"With the emergence of variant viruses, we must achieve a very high level of herd immunity.\" In addition, the neutralizing antibody therapy VIR-7831 jointly developed by GSK and Vir Biotechnology has good clinical trial results in the treatment of early COVID-19 patients, and the two companies have submitted an emergency use authorization application to the US FDA.</p><p>Although it has missed the best time to get on board, as the only company identified by the WHO to develop drugs and vaccines for the three major global diseases (malaria, AIDS and tuberculosis), GSK still does not need to worry too much about the commercialization and production capacity of vaccines. As an important piece on the road to future transformation, how Walmsley will lead her team to catch up and play carefully in these three tracks will also trouble her for some time.</p><p>5 Summary</p><p>Regardless of whether there is doubt or not, GSK's transformation path has indeed officially begun. There is a saying in the ancient East: \"When you are in trouble, you will change; when you change, you will prosper; when you prosper, you will last.\" This is applicable to GSK at this moment. In the predicament of continued decline in business, such changes are indeed needed to inject new vitality into GSK. Although there are no results to prove that \"change leads to success\" in the short term, it is encouraging that Walmsley is leading GSK to try to get out of the fog. The ten-year plan is long. Perhaps Walmsley will be dismissed after a year. Perhaps in three years, Walmsley has led GSK to complete the transformation... No one can predict the future, and we will wait and see.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/hkstock/hkstocknews/2021-07-17/doc-ikqciyzk5966442.shtml\">医药魔方</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/85675909dc6c67ee0181339c18bcfdff","relate_stocks":{"GSK":"葛兰素史克","GSK.UK":"葛兰素史克"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/hkstock/hkstocknews/2021-07-17/doc-ikqciyzk5966442.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152686859","content_text":"2021年对于葛兰素史克来说显得有些艰难，在加速转型的路上，GSK也不可避免地经历阵痛期。\nGSK 2020年的财报其实就显示出了一定的颓势，全年营收为340.99亿英镑，同比增长仅仅为1%，此外在制药和疫苗业务收入均呈现了不同程度的下跌。进入2021年，GSK第一季度业绩依然有些惨淡，总营收为74.18亿英镑，同比下滑了18%，对于一个老牌豪强MNC来说，这个成绩似乎有点儿说不过去。尤其是GSK的疫苗业务一季度销售额仅仅有12亿英镑，同比下滑近32%，而两年前GSK的疫苗业务收入还位居全球第一。\n图源：GSK 2021年Q1财报\n今年6月初，PharmExec（美国制药经理人杂志）公布了2021年全球制药企业TOP50榜单，GSK排在第九位，尽管近三年以来GSK的排名较为稳定，然而从总体以及核心产品的销售额来看，形势难言乐观。从近三年来的药企排名可以看出，GSK和头部药企的差距正在进一步拉大，在2018年还和前一位销售额差距基本持平的情况下，到了2020年直接被前一名甩开了超过50亿美元的销售额，此外在近两年GSK与排名在后面的药企的销售额差距也在进一步缩小。2020年GSK销售额最高的药物为HIV-1感染药物Triumeq，尽管销售额达到29.6亿美元，但同比下跌了8.7%，今年第一季度的销售额更是同比下跌了23%，随着后面吉利德的猛烈冲击，该药的市场份额前景也显得有些岌岌可危。\n全球药企TOP10（销售额：亿美元）\n注：数据整理自医药魔方，销售额为上一年度\n2021年已经行之过半，在下半年乃至未来GSK能否顺利止住颓势，打好翻身仗，就目前GSK所释放出来的信号而言，拨云睹日的那一天或许不再遥远。\n1 分拆业务，未来十年收入能否持续增长？\n说起GSK，就不得不提一下其现任掌门人——Emma Walmsley。自2016年成为GSK CEO之后，顶着GSK史上首位女性CEO的光环，Walmsley也一直带领着GSK走在转型的路上。面临业务下降的颓势，Walmsley在近期宣布了GSK未来十年的运营以及研发计划，其中重要的一部分是预计在2022年的年中，GSK的消费者健康部分将被分离成为一家独立的公司，而分拆后的新GSK将专注于创新疫苗和药物的开发。\n转型的路上必然少不了质疑之声，以资本大鳄Elliott Management为代表的资本力量就已经在发出质疑的声音。Elliott表示没有科学背景的Walmsley在瞎指挥，甚至呼吁直接解雇Walmsley，不过GSK的董事会还是坚定站在自己掌门人这一边，董事会表示在Walmsley的领导下，GSK能够通过分拆以及未来的长期规划实现跨越式的发展。\n在Walmsley的规划中，GSK一分为二之后，独立出来的制药板块将在未来十年里保持持续增长，到2031年，独立制药业务的收入将会达到460亿美元，其中在未来五年的营业利润将持续增长10%以上，完成分拆之后新GSK将会更专注于传染病、HIV、肿瘤以及免疫/呼吸系统药物的开发。\n而作为GSK的传统优势业务，消费者保健业务在去年为GSK带来了超过130亿美元的收入，分拆之后的表现也是被Walmsley以及董事会一致看好，而此次分拆出去一个年营收超过百亿美元，且还处于增长的消费者保健业务，GSK此举也受到不少争议，就有分析人士认为GSK核心目的或是拓宽融资渠道、需求更高估值以及提升运营效率。\n由单核变成双子星模式，GSK为未来十年的发展作出了巨大的尝试，而背负着巨大压力的Walmsley以及其阵营的伙伴势必将迎来更多的挑战，豪言壮语已经被记录在案，时间将会给出答案。\n2 接连重金引入新产品，GSK能否迎头赶上？\n在宣布十年计划后，GSK就接连吹响了转型路上的冲锋号。\n近期，GSK就和Alector公司联合宣布，两家公司达成了一项全球性战略合作，GSK花了22亿美元重金，获得了两个处在临床阶段的潜在“first-in-class”单抗药物AL001和AL101的共同开发权益，这两款药物将被用于开发治疗包括肌萎缩侧索硬化、帕金森病和阿尔茨海默病在内的多项神经退行性疾病。\n此举也被视为是GSK对当前新的免疫神经病学治疗方法中最有吸引力的基因验证靶点之一的布局。而从GSK对免疫赛道的布局也不难看出其对于免疫药物是极为重视的，在过去的2020年中，Nucala和Trelegy Ellipta均成长为了各自适应症的重磅炸弹药物，Nucala是全球第一款用于治疗嗜酸性粒细胞性哮喘的anti-IL5单抗药物，其在多个适应症拓展上具有突破性意义，在2020年的销售额也达到了12.84亿美元。值得一提的是，Nucala在今年第一季度销售额也达到了3.52亿美元，同比增长了21%，在未来有望持续增长。而另一款药物Trelegy Ellipta作为首个同时获批用于COPD和哮喘的三联吸入制剂，在2020年的销售额首次突破了十亿美元大关，增速高达60%。\n此外Benlysta（贝利尤单抗）作为50年来上市的首个系统性红斑狼疮（SLE）新药，2020年销售额也接近重磅炸弹门槛，并且Benlysta在2020年12月17日被FDA批准用于SLE的严重并发症——狼疮肾炎，成为FDA批准的首个用于治疗狼疮肾炎的药物，再加上进入国家医保目录，Benlysta在2021年第一季度销售收入保持了高双位数增长（18%），顶着众多光环的Benlysta无疑也将成为GSK该赛道旗下的得力干将。\n由此不难看出，以Nucala、Trelegy Ellipta和Benlysta等药物打头阵，再加上GSK目前还坐拥20余款进入三期临床的药物，首发和替补选手竞争力都不容小觑，免疫药物将成为未来支撑GSK业务增长的支柱之一。\n在抗肿瘤药物上，GSK明显也是加快了其布局的步伐。同样在上个月GSK用高达20亿美金引入了一款TIGIT单抗药物，作为继PD-1/PD-L1、CTLA-4之后的热门靶点，TIGIT也吸引了一众医药巨头公司布局，但目前还未有该靶点的产品获批面世。由于直至今年才有一款PD-1产品获批，在PD-1赛道布局明显被甩出几十个身位的GSK也瞄准了这一后起之秀，在未来，GSK将与罗氏、默沙东、BMS等老对手继续捉对厮杀。\n此前GSK以51亿美元天价收购Tesaro并获得了Zejula（尼拉帕利）的开发权益，作为唯一一款每日只需口服1次的PARP抑制剂，Zejula在2020年的业绩也不负所望，取得近50%的增长，2021年第一季度也达到了1.22亿美元的销售额，同比增长了10%。而另一款药物Blenrep作为全球第一款上市的BCMA（B细胞成熟抗原）靶向疗法，在短短5个月内在临床末线疗法应用上就取得4300万美元的销售额，未来前景也较为乐观。\n尽管因为各种原因，GSK在2016年才重返肿瘤药物赛道，在近几年的布局来看，在对肿瘤药物的布局上，GSK似乎有些踯躅不前，这也是导致其在目前并没有一款真正的引领全球的重磅炸弹药物，而在接连引进多款产品扩充管线之后，GSK将会有更多的底气去和其它竞争对手叫板。\n3 拥有新一代疗法，GSK能否成功挑战吉利德HIV霸主地位？\n数据显示，2020年全球HIV药物市场超过了270亿美元，而在这片广阔的市场中，吉利德（Gilead）是目前当之无愧的霸主，其占据了全球HIV市场的62%的市场份额，由吉利德开发的重磅产品Biktarvy（必妥维）更是一时风头无两，在上市的第二年就达到了73亿美元销售额，一跃成为HIV药王。GSK作为老牌HIV玩家，在近几年也一直稳稳占据第二把交椅，尽管受到了Biktarvy的冲击，导致GSK的HIV药物销售额增长率下降，但其开发的Triumeq以及Tivicay在去年还是交出了一份不错的成绩单，销售额分别达到了29.8亿和19.7亿美元。\n图源：新浪医药\n那么在未来，GSK有机会挑战吉利德在HIV领域的霸主地位吗？当然是有可能的。\n其中一个重大原因是GSK成功开发出了Cabenuva，这是目前首款也是唯一一款可以完整治疗HIV-1感染的长效药物，其可以实现每个月给药一次。换句话来说，Cabenuva完成了HIV患者从全年365天口服转变为每月注射一次即全年仅需注射治疗12天的历史性突破。尽管吉利德也在HIV长效给药上有各种布局，但GSK显然已经掌握新一代HIV疗法的主动权，据GSK预测，Cabenuva在未来几年的销售额将会达到70亿美元，其也自信地表示目前GSK在新一代长效给药方面至少领先其他竞争对手五年的时间。\n4 运气不佳，GSK能否赶上新冠疫苗下一班车？\n作为全球最大的疫苗生产商之一， GSK在新冠疫苗的开发历程中却充满了曲折。\n尽管先前与赛诺菲共同宣布进行佐剂重组蛋白新冠疫苗的开发，但不幸的是由于该疫苗在去年的1/2期研究中期结果不甚理想，双方不得以宣布推迟试验计划，直到今年的5月份才共同宣布重启并开始进行三期临床试验。祸不单行，GSK与CureVac的合作更是雪上加霜，6月17日，CureVac公司宣布，其mRNA新冠病毒候选疫苗2b/3期研究的第二次中期分析结果显示，有效性仅为47%，这无疑又给了GSK当头一棒。\n在辉瑞、Moderna因为新冠疫苗赚的盆满钵满的时候，GSK目前甚至连喝汤的资格都没有，不过天无绝人之路，GSK和赛诺菲此前合作研发的的佐剂重组蛋白新冠疫苗在重启临床后一切顺利并可能将于年底前上市。赛诺菲法国公司董事长Bogillot也对此作出了乐观预测，尽管进入该领域较晚，但该疫苗可能在法国和海外将非常有效，他还表示:“随着变异病毒的出现，我们必须实现非常高水平的群体免疫。” 此外，GSK与Vir Biotechnology联合开发的中和抗体疗法VIR-7831在治疗早期COVID-19患者的临床试验结果良好，两家公司已经向美国FDA递交紧急使用授权申请。\n尽管已经错过了最佳上车时机，但作为唯一被WHO确定的三大全球性疾病（疟疾、艾滋病和结核病）研制药物和疫苗的公司，GSK对于疫苗的商业化和产能还是不用过于操心的，而作为未来转型路上的一枚重要棋子，Walmsley怎样率领她的团队在这三条赛道奋起直追精心对弈，这个问题也将困扰她一段时间。\n5 小结\n不管是质疑与否，GSK的转型之路确实是正式拉开了序幕，在古老的东方有这样一句话：易穷则变，变则通，通则久正适用于此刻的GSK。在业务持续走低的窘境之中，确实需要这样的变革来为GSK注入新的活力。尽管暂时“变则通”在短时间内还没有成果来印证，但值得鼓励的是，Walmsley正在带领着GSK试图走出迷雾，十年计划是漫长的，或许在一年之后Walmsley就已经被解雇，也许在三年之后Walmsley已经带领GSK完成转型…..没有人可以预测未来，我们拭目以待。","news_type":1,"symbols_score_info":{"GSK":0.9,"GSK.UK":0.9}},"isVote":1,"tweetType":1,"viewCount":1864,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171815369,"gmtCreate":1626736247151,"gmtModify":1703764042839,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171815369","repostId":"2152652777","repostType":4,"isVote":1,"tweetType":1,"viewCount":1828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173637573,"gmtCreate":1626656855892,"gmtModify":1703762757741,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Wow, no bad","listText":"Wow, no bad","text":"Wow, no bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/173637573","repostId":"2152680193","repostType":4,"isVote":1,"tweetType":1,"viewCount":1716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179479430,"gmtCreate":1626574138720,"gmtModify":1703761873073,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Haiz","listText":"Haiz","text":"Haiz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/179479430","repostId":"1102934343","repostType":4,"repost":{"id":"1102934343","kind":"news","pubTimestamp":1626573820,"share":"https://ttm.financial/m/news/1102934343?lang=en_US&edition=fundamental","pubTime":"2021-07-18 10:03","market":"sh","language":"zh","title":"This company's performance more than tripled in the first half of the year! Gaoyi Capital decisively increased its holdings in the second quarter.","url":"https://stock-news.laohu8.com/highlight/detail?id=1102934343","media":"上海证券报","summary":"在上半年有色金属价格持续向好的背景下，西部矿业抓住机会实现业绩大幅增长。\n\n7月16日晚，西部矿业披露半年报，公司上半年业绩增幅达到336.41%（此前预增为306%）。除了业绩大幅增长外，半年报显示","content":"<p><div>Against the backdrop of continued positive non-ferrous metal prices in the first half of the year, Western Mining seized the opportunity to achieve significant performance growth. On the evening of July 16, Western Mining released its semi-annual report, showing that the company's first-half performance increased by 336.41% (previously expected to increase by 306%). In addition to a significant increase in performance, the semi-annual report shows that Western Mining also received increased holdings from star capital Gaoyi in the second quarter. Rising copper prices boosted its performance. Specifically, Western Mining's semi-annual report shows that it achieved operating revenue of 19.119 billion yuan in the first half of the year, a year-on-year increase of 41.81%. Net profit reached 1.411 billion yuan, a year-on-year increase of 336.41%.</p><p><a href=\"https://mp.weixin.qq.com/s/ay6NiCFZzM7cGc2yZfLPZg\">Web page link</a></div></p>","source":"shzqb","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>This company's performance more than tripled in the first half of the year! Gaoyi Capital decisively increased its holdings in the second quarter.</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\">\nThis company's performance more than tripled in the first half of the year! Gaoyi Capital decisively increased its holdings in the second quarter.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">上海证券报</strong><span class=\"h-time small\">2021-07-18 10:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Against the backdrop of continued positive non-ferrous metal prices in the first half of the year, Western Mining seized the opportunity to achieve significant performance growth. On the evening of July 16, Western Mining released its semi-annual report, showing that the company's first-half performance increased by 336.41% (previously expected to increase by 306%). In addition to a significant increase in performance, the semi-annual report shows that Western Mining also received increased holdings from star capital Gaoyi in the second quarter. Rising copper prices boosted its performance. Specifically, Western Mining's semi-annual report shows that it achieved operating revenue of 19.119 billion yuan in the first half of the year, a year-on-year increase of 41.81%. Net profit reached 1.411 billion yuan, a year-on-year increase of 336.41%.</p><p><a href=\"https://mp.weixin.qq.com/s/ay6NiCFZzM7cGc2yZfLPZg\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/ay6NiCFZzM7cGc2yZfLPZg\">上海证券报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s/ay6NiCFZzM7cGc2yZfLPZg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102934343","content_text":"在上半年有色金属价格持续向好的背景下，西部矿业抓住机会实现业绩大幅增长。\n\n7月16日晚，西部矿业披露半年报，公司上半年业绩增幅达到336.41%（此前预增为306%）。除了业绩大幅增长外，半年报显示，二季度西部矿业还获得明星资本高毅加仓。\n铜价上升助推业绩上涨\n具体来看，西部矿业半年报显示，上半年实现营业收入191.19亿元，同比增41.81%；实现净利润14.11亿元，同比增336.41%。\n作为一家矿业公司，西部矿业何以取得如此优异的成绩？受益于铜价上涨周期，公司铜产品量价齐升是首要因素。\n\n据生意社统计数据，截至7月16日，现货铜报价69673.33元/吨，较7月12日的69496.67元/吨上涨0.25%，较年初上涨20.22%。\n对于业绩增长，西部矿业坦言主要系控股子公司玉龙铜业改扩建项目投产，铜精矿产量较上年同期增加，且有色金属市场价格持续向好，公司主要产品铜精矿和锌精矿销售均价较上年同期大幅上涨。\n事实上，在2020年底顺利投产的玉龙铜矿二期对公司上半年业绩增长起到至关重要作用。资料显示，玉龙铜矿是国内第二大单体铜矿，已探明铜金属量约为 650 万吨，品位达0.68%，公司目前持有其 58%股权。财务数据显示，玉龙矿业上半年实现营收25.42亿元，实现净利润12.64亿元。\n\n“玉龙铜矿目前已实现半产，预计在2022年实现满产。”公司相关人士表示，玉龙铜矿二期全面达产后，公司矿石的年处理量将由原来的200万吨提升至2000万吨，公司也将在现有年产铜6万吨的基础上再增加10万吨，公司的竞争力将得到大幅提升。“综合来看，玉龙矿业可实现的利润能使西矿整体利润水平翻一番，所以说这是一个再创辉煌的项目。”\n\n对于矿山板块，西部矿业表示还是要做大做强。据了解，西矿的目标是到“十四五”末形成5000万吨矿石年处理量能力，继续为成为国际特大型矿山奋斗。对于如何实现目标，前述人士表示西矿未来将采取一些并购重组、收购等方式来扩大资源优势。\n二季度获高毅资产加仓\n事实上，在半年报披露季投资者最关心的除了经营性信息外，恐怕就是股东信息了，因为在这里面藏着很多投资大佬们的一举一动。\n16日盘后刚刚发布2021年半年报的西部矿业，其股东榜就透露出高毅资产在二季度加仓的重要信息。\n\n具体来看，公司半年报股东榜显示，高毅资产-高毅晓峰2号致信基金持股比例由一季度末的1.58%增至1.79%，从一季度末的第三大股东跃升为第二大股东。同时，外贸信托-高毅晓峰鸿远集合资金信托计划新进公司十大股东榜，该信托计划以3784.97万股的持股数量（占总股本1.59%）成为公司第四大股东。\n回顾来看，高毅资产-高毅晓峰2号致信基金在2020年三季度进入西部矿业前十大股东。在完成建仓后，高毅资产-高毅晓峰2号致信基金在去年四季度增持公司46万股，今年一季度减持57.69万股，今年二季度再度增持505.52万股，总体来看，该基金对西部矿业持续“看好”。\n\n需要指出的是，该基金在西部矿业建仓时，也是色金属价格回暖的开始，彼时西部矿业股价开启向上模式。统计数据显示，自2020年7月以来，西部矿业股价累计涨幅达到148.3%。由此推算，高毅资产-高毅晓峰2号致信基金亦有较高浮盈。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179917820,"gmtCreate":1626481525560,"gmtModify":1703760814417,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/179917820","repostId":"1149986548","repostType":4,"isVote":1,"tweetType":1,"viewCount":1789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144557358,"gmtCreate":1626307544874,"gmtModify":1703757454460,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144557358","repostId":"1111811630","repostType":4,"repost":{"id":"1111811630","kind":"news","pubTimestamp":1626307234,"share":"https://ttm.financial/m/news/1111811630?lang=en_US&edition=fundamental","pubTime":"2021-07-15 08:00","market":"hk","language":"zh","title":"The Past of Chinese Internet Companies Listing","url":"https://stock-news.laohu8.com/highlight/detail?id=1111811630","media":"吴杨野餐会","summary":"1983年，刘钢从北京大学法学院毕业，被分配到司法部秘书处，负责为部长撰写日常报告。\n一年后，他感觉工作内容枯燥，想申请调职。有人劝告他，秘书身份可能会更容易得到提升。\n1985年，国家推行“第三梯队","content":"<p>In 1983, Liu Gang graduated from Peking University Law School and was assigned to the Secretariat of the Ministry of Justice, where he was responsible for writing daily reports for the minister.</p><p>A year later, he felt the job was boring and wanted to apply for a transfer. Someone advised him that secretarial status might be easier to promote.</p><p>In 1985, the state implemented the \"third tier\" cadre reform. The Ministry of Justice selected young cadres to train at the grassroots level, and Liu Gang was included in it. He voluntarily gave up his position in a grassroots government agency and chose to become a grassroots lawyer.</p><p>After completing their training period, his colleagues returned to the Ministry of Justice to continue their careers, but Liu Gang did not go back. He chose to stay in the legal profession.</p><p>At that time, the legal profession in China was just emerging, and everything was still in a stage of ignorance. Liu Gang's main business is debt collection.</p><p>From then on, he lived the life of a \"migrant worker collecting debts\": two days and two nights squeezed into hard seats on trains, slept in large bunks that cost one yuan a night, ran frantically to chase debtors, and dodged debtors' thugs and gangs...</p><p>The turning point came in 1989. The Ministry of Justice and the British Law Society jointly launched a lawyer training program. After applying for and passing the exam, Liu Gang was selected to receive internship training at a law firm in London, England.</p><p>He wanted to do intellectual property, which was very popular in China at the time. But a senior partner at a British law firm advised him, \"I suggest you learn about capital markets.\" Liu Gang asked, \"What are capital markets?\"</p><p><b>\"A country as big as China will have a capital market sooner or later.\"</b>The British law firm partner said.</p><p>In 1990, China ushered in its own capital market, with the opening of the Shanghai Stock Exchange and the Shenzhen Stock Exchange.</p><p><img src=\"https://static.tigerbbs.com/99e63397642efd52b0b6a3d4dc5643f2\" tg-width=\"640\" tg-height=\"493\" referrerpolicy=\"no-referrer\"></p><p>▲ In the 1990s, stock investors lined up outside the Shanghai Stock Exchange.</p><p>(Photo | Pan Suofei, China News Service)</p><p>Two years later, China lifted restrictions on private partnership law firms. Liu Gang and two friends rented an office outside Jianguomen and founded their own law firm: Tongshang Law Firm.</p><p>In 2000, Liu Gang received a crucial opportunity in his career. At the time, Sina was attempting to list on Nasdaq. If successful, it will become the first Chinese Internet company to list in the United States.</p><p>Sina's listed entity is registered in the Cayman Islands. However, Chinese law imposes restrictions on foreign investment in the internet sector: foreign investment in the Chinese internet is prohibited, and foreign companies are also prohibited from conducting internet business in China.</p><p>To circumvent these investment restrictions, Liu Gang helped Sina design a complex control structure. He connects foreign investors and Chinese companies through a series of complex legal contracts, allowing overseas-listed entities to control domestic operating entities through agreements without direct equity relationships.</p><p><b>Liu Gang uses a VIE structure to kick off the overseas listing of Chinese internet companies.</b></p><p>In April 2000, Sina successfully listed on Nasdaq in the United States. In June and July of the same year, NetEase and Sohu successively completed their listings on Nasdaq. China's three major portal websites went public overseas, and Liu Gang was involved in all of them. This is very rare in the legal profession.</p><p>Over the next 20 years, almost all Chinese internet companies listed overseas adopted the \"Sina model\" VIE structure. As of May 2021, there were 248 Chinese companies listed in the United States, with a total market capitalization of $2.1 trillion. Among them, Internet-related information technology companies have the largest number, accounting for more than a quarter.</p><p><b>However, the VIE structure has also become a fulcrum in the stock market competition between China and the United States over the next 20 years.</b></p><p>In Liu Gang's words, the VIE structure \"allows overseas investment companies to control the operations of domestic companies without direct equity relationships.\"</p><p>However, according to the U.S. Congress, the VIE structure \"ensures that economic benefits flow to foreign investors while retaining operational control of the business with the Chinese company.\"</p><p><b>This unique structure has become a typical feature of Chinese concept stocks, and it has also laid the groundwork for controversy and crisis in the 20-year journey of Chinese internet companies to list overseas.</b></p><p>The decade-long history of overseas listings following the 2008 global financial crisis is key to helping us understand the current situation of Chinese internet companies. I divided it into four phases, namely:</p><p><img src=\"https://static.tigerbbs.com/6e5b6f69c3b6db65256d2ee9f3c20b46\" tg-width=\"965\" tg-height=\"367\" referrerpolicy=\"no-referrer\"></p><p><b>01</b></p><p><b>Hunting Chinese companies</b></p><p><b>The first round of overseas listings and short selling (2010-2013)</b></p><p>On November 1, 2011, Zhou Hongyi rushed back to the company in the middle of the night and summoned a bunch of supervisors from the website, browser, investor relations, finance, legal, public relations, and other departments.</p><p>At 9 p.m. that evening, short-selling firm Citron Research issued its first short-selling report on Qihoo 360 before the U.S. stock market opened. An hour later, the report was delivered to Zhou Hongyi. “We were surprised when Citron shorted 360,” he said.</p><p>On that day, Qihoo 360's stock fell by about 10%.</p><p>Seven months ago, Qihoo 360 went public on the New York Stock Exchange. Along with it, a large number of Chinese companies also listed on the US stock market.</p><p>Following the 2008 financial crisis, the US economy recovered rapidly starting in 2009, and international capital markets became active. During the same period, Chinese internet companies were in a period of rapid expansion and urgently needed funds.</p><p>A large number of internet companies are heading to the United States seeking to go public.<b>From 2010 to 2012, internet companies such as Gaode Maps, Qihoo 360, Youku, and Tudou successfully went public in the United States, starting a wave of Chinese concept stocks overseas.</b></p><p><img src=\"https://static.tigerbbs.com/53b96a1e444ead872f2cd9531b979af2\" tg-width=\"692\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>▲ Changes in the number of Chinese companies listing in the US from 1970 to 2020</p><p>Data source: Zero2IPO Research Center</p><p>In 2010, approximately 50 Chinese concept stocks were listed on the US stock market, marking a peak in the number of Chinese companies listed overseas and attracting the attention of short-selling institutions known as \"market vultures\".</p><p>Muddy Waters fired the first bullet. In 2010, Muddy Waters founder Carson Block released a 30-page short-selling report on Oriental Paper, causing Oriental Paper's stock price to plummet and Muddy Waters to become famous overnight.</p><p>Subsequently, US short-selling firms, represented by Muddy Waters and Citron Research, successively targeted Chinese concept stocks such as Focus Media, Qihoo 360, and New Oriental. Internet companies have become a major target for Chinese concept stocks.</p><p>Under this round of short-selling institutions, more than 40 Chinese companies have had to suspend trading or be delisted.<b>Chinese concept stocks are collectively facing a crisis of trust.</b></p><p><b>VIEs are a key target for US institutions to short Chinese companies.</b>“China’s internet industry has a VIE structure. Americans think that if you don’t have legal regulations, you’ll always feel insecure,” Zhou Hongyi said.</p><p>On July 17, 2012, New Oriental was investigated by the U.S. Securities and Exchange Commission (SEC) due to adjustments to its VIE structure. Muddy Waters subsequently released a short-selling report of more than 90 pages, pointing out that New Oriental's VIE structure has huge hidden dangers and lacks control.</p><p>Within 48 hours, New Oriental's stock price fell by 60%, hitting a five-year low.</p><p>The New Oriental incident also raised concerns about the VIE structure in the international market, and Chinese concept stocks generally fell sharply. Ctrip and Sina fell by more than 7%, while Dangdang.com, Qihoo 360, NetEase, and Sohu fell by more than 4%.</p><p>Following the outbreak of short-selling in Chinese concept stocks, US regulators have taken further aggressive action. In December 2012, the SEC filed an administrative lawsuit against Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers, and the Chinese branches of the five major accounting firms, BDO.</p><p>The SEC asked them to submit audit working papers for nine Chinese companies listed in the United States, but the five major accounting firms refused the request, saying they were unwilling to break Chinese law.</p><p>This move left Chinese companies listed in the US without an auditor, forcing them to delist.</p><p>The delisting trend of Chinese concept stocks is intensifying. The number of Chinese companies listed in the United States decreased from more than 240 in 2010 to less than 200 in 2012.</p><p><img src=\"https://static.tigerbbs.com/2c640046a4853c23afbcdbf6ee3d55e5\" tg-width=\"500\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p><p>▲ From 2010 to 2012, US-listed Chinese concept stocks experienced a short-selling wave.</p><p>Data source: Guosheng Securities</p><p>With frequent conflicts, China and the United States have incorporated auditing and cross-border law enforcement into their strategic economic dialogue. In 2013, the China Securities Regulatory Commission and the Ministry of Finance signed an enforcement cooperation agreement with the Public Company Accounting Oversight Board (PCAOB) in the United States, formally launching cross-border audit enforcement cooperation.</p><p><b>However, data sovereignty and confidentiality issues remain contradictions that are difficult for China and the United States to reconcile.</b>This led to various subsequent controversies.</p><p><b>02</b></p><p><b>Shadows Beneath the Feast</b></p><p><b>Alibaba's IPO and the Storm of Review of Chinese Concept Stocks (2014-2017)</b></p><p>In September 2014, Jack Ma entered the United Nations headquarters. One of the purposes of his trip was to meet with UN Secretary-General Ban Ki-moon through the introduction of Hang Lung Group Chairman Ronnie Chan.</p><p>The two of them stood at the elevator entrance, and when Ban Ki-moon came up, Ronnie Chan said the following to Jack Ma:</p><p>“I know Alibaba was forced to list in the United States. Hong Kong doesn’t have dual-class shares, so you have no choice.”<b>But Jack Ma, you need to be careful, Americans have a very, very long hand. One day he will give you trouble.</b>”</p><p>A week ago, Alibaba successfully listed on the New York Stock Exchange on September 19. The revelry filled all of Wall Street.</p><p>That evening, on the New York Stock Exchange's large black screen, the numbers representing Alibaba's opening price kept scrolling and climbing—70…80…90…</p><p>\"Opening price 92.7!\" a voice shouted.</p><p>Jack Ma looked up and glanced excitedly at the numbers on the screen. He picked up his hammer and quickly struck a golden bronze bell. The crowd around him immediately cheered, flashing one after another.</p><p>After more than two hours and 12 rounds of price inquiries, Alibaba's stock finally opened at 11:53 p.m. that evening. The opening price was $92.70, a 36.32% increase from the offering price of $68. The total amount raised reached US$34.125 billion, setting a new record for the highest IPO financing in global history. Alibaba's total market capitalization reached 228.5 billion US dollars, exceeding the GDP of more than 100 countries.</p><p><img src=\"https://static.tigerbbs.com/b666ad1064a3f877e706adaec7dfcd17\" tg-width=\"1080\" tg-height=\"566\" referrerpolicy=\"no-referrer\"></p><p>▲ Jack Ma at Alibaba's US Listing in 2014</p><p><b>Several American securities firms and international capital shared in this capital feast.</b>Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and others are among them.</p><p>When Alibaba listed on the New York Stock Exchange, SoftBank held 34.4% of the shares, making it the largest shareholder. Yahoo holds 22.6% of the shares, ranking second. Based solely on Alibaba's opening price, the market value of SoftBank and Yahoo's shares has reached $78.604 billion and $51.641 billion respectively, not including the portion they previously cashed out from Alibaba.</p><p>2014 saw another peak in Chinese internet companies going public in the United States. Besides Alibaba, JD.com, Weibo, Tuniu, Zhaopin.com, and others have also listed on the New York Stock Exchange and Nasdaq in the United States. A total of 12 internet companies completed their listings in the United States throughout the year.</p><p>However, in the same month that Alibaba went public, the U.S. Congressional China Economic and Security Review Commission (UCESRC) released a report titled...<b>Risks of Chinese Internet Companies on U.S. Stock Exchanges</b>The investigation report.</p><p>The report devotes 17 pages to pointing out the various risks associated with the listing of Chinese internet companies, directly stating that the VIE structure is not trustworthy. The UCESRC stated, \"Many U.S. legal experts believe that VIE structures are technically illegal under Chinese law and advise U.S. investors against making such investments.\"</p><p>On the evening of Singles' Day that same year, Jack Ma gave a 20-minute media interview at Alibaba's headquarters in Hangzhou, directly stating when discussing Alipay's IPO:<b>\"Due to various reasons, Alibaba is unable to list on the A-share market, so we hope that Alipay can be listed on the Chinese A-share market in the future.\"</b></p><p>Clearly, Jack Ma understood Ronnie Chan's words. To further understand this statement, we need to trace the timeline back to the Alipay spin-off event three years ago.</p><p>In the first quarter of 2011, the People's Bank of China required payment companies applying for payment licenses to declare their foreign ownership percentages. In May, Jack Ma changed ownership of Alipay and terminated Alibaba Group's control agreement over Zhejiang's Alibaba. Zhejiang Alibaba is a wholly-owned subsidiary of Alipay. This means,<b>Alipay has transformed from a foreign-owned company into a purely domestic one.</b></p><p><img src=\"https://static.tigerbbs.com/86b9f8383885bec01116a82dcc7cc0da\" tg-width=\"449\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p><p>▲ Alipay spin-off equity change</p><p>However, Jack Ma had not previously reached an agreement with the board of directors regarding this round of equity changes. After the boat was finished, Jack Ma provided corresponding compensation to its two major shareholders, Yahoo and SoftBank.</p><p>On July 29, 2011, Alibaba Group, Yahoo, and SoftBank officially signed an agreement regarding the transfer of Alipay equity. Alipay Holding Company promised to give Alibaba Group a one-time cash return upon its IPO. The return amount is 37.5% of the total market capitalization of Alipay's IPO price at the time of its listing, with no less than US$2 billion and no more than US$6 billion.</p><p>Jack Ma has been accused of \"dishonesty\" and \"undermining foreign investors' confidence in Chinese concept stocks VIE\" for this. He unusually took the initiative to give a lengthy exclusive interview to domestic media, explaining that everything was for Alipay to comply with regulations and obtain a payment license.</p><p>\"I said, brother, it's okay if you start a small joint venture.\"<b>You're dealing with Alipay, which is finance, and you're increasingly touching on sensitive areas. Finance is data, and problems are bound to arise.</b>Jerry Yang didn't believe it, but later they did. Jack Ma said in an exclusive interview with Mr. Fashion.</p><p>At the time, however, most people believed that Jack Ma was using the government as a shield, and they mostly ridiculed and mocked him. Jack Ma angrily withdrew from Weibo.</p><p>Before withdrawing, Jack Ma posted one last Weibo post. No text, just punctuation:<b>A question mark, an exclamation mark, and a string of ellipses</b>。</p><p>Three years after Alipay was spun off, Ant Financial was established in 2014, venturing into inclusive finance from the payment sector.</p><p>Six years later, on the eve of Ant Financial's IPO, Jack Ma delivered that famous speech at the Bund Financial Summit at the end of October 2020. On November 3, the Shanghai Stock Exchange and the Hong Kong Stock Exchange issued emergency notices to temporarily suspend Ant Financial's listing on the Science and Technology Innovation Board and H-shares.</p><p>Only then did everyone suddenly realize.<b>Nine years ago, Jack Ma did not overestimate the Chinese government's determination.</b></p><p><b>03</b></p><p><b>Torrent flows into the sea</b></p><p><b>New economic reform of A-shares and H-shares (2018-2019)</b></p><p>During the 2018 Two Sessions, Liu Shiyu, then chairman of the China Securities Regulatory Commission, said when talking about the overseas listing of Chinese new economy companies that, due to the specific institutional environment and market capacity at the time, it was a good thing that some new economy companies in China chose to list overseas. However, it is also a pity that the country has not enjoyed the fruits of their growth.</p><p><b>\"In this new era, this regret can no longer happen.\"</b>Liu Shiyu said.</p><p>\"Standing at the forefront of the trend, even a pig can fly.\" Lei Jun, who said this, once again propelled Xiaomi into the forefront of the times.<b>He wants to make Xiaomi the first internet company to be listed simultaneously on the mainland A-share market and the Hong Kong H-share market.</b></p><p>On May 3, 2018, Lei Jun, holding two Xiaomi mobile phones, personally flew to Hong Kong to visit Li Ka-shing, Hong Kong's richest man. On the same day, Xiaomi submitted its IPO prospectus to the Hong Kong Stock Exchange. Li Ka-shing's favorite general, Fok Kin-ning, confirmed to the media that Li Ka-shing spent HK$230 million to subscribe to Xiaomi shares. Besides Li Ka-shing, China's two major internet giants, Jack Ma and Ma Huateng, also subscribed to Xiaomi shares.</p><p><img src=\"https://static.tigerbbs.com/c1dfd540577403bd287f47c1209b66c3\" tg-width=\"460\" tg-height=\"304\" referrerpolicy=\"no-referrer\"></p><p>▲ Lei Jun meets with Li Ka-shing</p><p>In mainland China, Xiaomi even set a record of 12 days of \"lightning-fast\" meetings. On June 7 of the same year, Xiaomi applied to the China Securities Regulatory Commission to issue CDRs (depositary receipts) for listing, and the application was accepted on the same day. On the 14th, Xiaomi updated its prospectus and received feedback from the China Securities Regulatory Commission that evening, which is scheduled to be reviewed on the 19th.</p><p>At that time,<b>The China Securities Regulatory Commission and the Hong Kong Stock Exchange are vying to advance new economy listing reforms.</b></p><p>In December 2017, the Hong Kong Stock Exchange released the market \"Consultation Summary\" of the \"Framework Consultation Document on the Proposal to Establish an Innovation Board\", announcing that it would accept new economy companies with different voting rights structures to list in Hong Kong.</p><p>Three months later, the General Office of the State Council forwarded the China Securities Regulatory Commission's \"Opinions on Carrying Out Pilot Programs for Innovative Enterprises to Issue Stocks or Depositary Receipts Domestically,\" allowing new economy companies listed overseas to issue CDRs (depositary receipts) in the mainland A-share market and promoting the return of new economy companies, including those in the Internet sector, to A-share listing.</p><p>However, Xiaomi's CDR listing in mainland China was suddenly halted. On June 14, 2018, the China Securities Regulatory Commission (CSRC) issued 84 questions to Xiaomi. Five days later, Xiaomi announced that it would postpone the Issuance Examination Committee meeting to review the company's CDR issuance application. After listing in Hong Kong first, it will be listed in mainland China by issuing CDRs when the opportunity arises.</p><p>The Hong Kong listing has also been fraught with difficulties. On July 9 of that year, Xiaomi completed its listing on the Hong Kong Stock Exchange. On the day of its listing, Xiaomi's stock was included in the Hang Seng Index Composite Stock Connect and will be included in the Hong Kong Stock Connect under normal circumstances, allowing mainland Chinese investors to directly purchase Xiaomi stock.</p><p>Unexpectedly, on July 14, the Shanghai and Shenzhen Stock Exchanges suddenly issued a notice temporarily refusing to include shares of companies with weighted voting rights, foreign companies, and stapled securities in the Stock Connect program, citing \"unfamiliarity with mainland investors.\" Xiaomi was shut out.</p><p>Two days later, Hong Kong Stock Exchange CEO Li Xiaojia urgently flew from Hong Kong to Beijing to meet and negotiate with relevant officials from the China Securities Regulatory Commission. “We have been communicating with the China Securities Regulatory Commission (CSRC) for weeks and months, hoping to include them all this time and proceed according to the normal Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect procedures. However, the mainland exchanges may have some different opinions,” Li Xiaojia said.</p><p><b>This dispute concerns the future direction of Chinese internet companies going public. Can the door to a new era be opened?</b></p><p>For a long time, Chinese internet companies had only one option: to list in the United States, because mainland A-shares and Hong Kong H-shares did not accept the dual-class share structure in the past. Even with the Hong Kong Stock Exchange's ambitious reforms, poor liquidity will remain a key obstacle for internet companies to list in Hong Kong.</p><p>Only when the Hong Kong Stock Connect accepts new economy companies, allowing massive amounts of capital from mainland China to flow south, can the door to the Eastern world truly open to internet companies.</p><p><b>The storm is temporary, but the direction is certain.</b></p><p>In 2018, the Hong Kong Stock Exchange regained the top spot in the global IPO rankings, raising HK$277.85 billion throughout the year, a new high since 2010.</p><p>A total of 28 new economy companies and biotechnology companies went public in Hong Kong throughout the year. Among them, Xiaomi and Meituan ranked as the second and third largest companies in Hong Kong in terms of fundraising amount, with HK$42.61 billion and HK$33.14 billion respectively.</p><p>In October 2019, the Shanghai Stock Exchange and the Shenzhen Stock Exchange issued announcements that Xiaomi and Meituan would be included in the Hong Kong Stock Connect program.</p><p>Riding this momentum, Chinese internet companies, including Alibaba, NetEase, and JD.com, have returned to China from overseas and are vying for secondary listings in Hong Kong. By 2021, the Hong Kong market had gathered eight major internet giants: Tencent, Alibaba, Meituan, Kuaishou, JD.com, Xiaomi, Baidu, and NetEase.</p><p><img src=\"https://static.tigerbbs.com/dd1e5900f6cb5582296cd123573d40b6\" tg-width=\"1080\" tg-height=\"570\" referrerpolicy=\"no-referrer\"></p><p>Data source: Hong Kong Stock Exchange</p><p>During the same period, Chinese internet companies experienced their third peak in listings in the United States. In 2018 and 2019, 38 and 32 Chinese companies went public in the United States, respectively, most of which were new economy internet companies, including iQiyi, Douyu, and NetEase Youdao.</p><p>In October 2019, China and the United States reached a consensus on retrieving audit working papers of U.S.-listed companies audited by Hong Kong accounting firms and stored in mainland China. In response to reporters' questions, the China Securities Regulatory Commission stated that the two sides \"maintain a smooth cooperative relationship.\"</p><p>Everything seems to be thriving.</p><p>Unexpectedly, just one year later,<b>New crises, like volcanic lava, have long been accumulated and are erupting.</b>。</p><p><b>04</b></p><p><b>New Crisis Era</b></p><p><b>The Dilemmas and Future of Didi, ByteDance, and Pinduoduo (2020-Present)</b></p><p>July 1st marks the 100th anniversary of the founding of the Communist Party of China. Early that morning, Didi went public in the United States, raising $4.4 billion.</p><p>This is the largest IPO of a Chinese company in the United States since 2014. There are no photos of the bell ringing, no announcements on the official website, little media coverage, and no employees posting on social media.</p><p>On July 2, the China Cybersecurity Review Office issued an announcement stating that, in order to prevent national data security risks, safeguard national security, and protect the public interest, it will conduct a cybersecurity review of Didi Chuxing in accordance with the National Security Law and the Cybersecurity Law. Didi Chuxing suspended new user registration during the review period. Didi only appeared on Weibo trending topics and media headlines after its IPO.</p><p>On July 9, all 25 of Didi's apps were removed from app stores.</p><p>Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, once published a 20,000-word article titled \"The Changing World Order\" on his LinkedIn page. He pointed out that the Populism Index, which measures global conflicts, has now reached an all-time high.</p><p>“We are heading towards an abyss of polarization and populism,” Dalio warned.<b>The wealth gap, political polarization, and extreme nationalism we face today are very similar to those of World War II.</b></p><p><img src=\"https://static.tigerbbs.com/82a4ead3b25817350b19c65a0fb2c2ba\" tg-width=\"864\" tg-height=\"311\" referrerpolicy=\"no-referrer\"></p><p>▲ The inequality between the rich and the poor has led to extreme nationalism, which is similar to that during World War II.</p><p>Data source: Bridgewater Associates</p><p>On March 25, 2021, the U.S. Securities and Exchange Commission (SEC) issued a notice approving the final amendments to the Foreign Company Accountability Act (HFCAA). The bill stipulates that,<b>Foreign issuers that fail to meet the inspection requirements of the U.S. Public Company Accounting Oversight Board (PCAOB) for accounting firms for three consecutive years will be delisted.</b></p><p>Chinese Foreign Ministry spokesperson Hua Chunying responded at a press conference, saying: \"The HFCAA is a completely unreasonable political suppression of Chinese companies listed in the United States, seriously distorts the basic principles of the market economy that the United States has always touted, and deprives American investors and the American public of the opportunity to share in the development dividends of Chinese companies.\"</p><p>According to official data from the US PCAOB, as of April 2020,<b>Among foreign listed companies that do not accept PCAOB inspection and audit working papers, companies in mainland China and Hong Kong account for nearly 90%.</b></p><p>By quietly going public, Didi successfully threw itself into the eye of the storm in the Sino-US stock market rivalry.</p><p>On July 7, the official WeChat account of People's Daily, \"Riding the Waves of Youth,\" published two reports commenting on the Didi incident: \"Didi is far from the point of using employment to command the government. If Didi goes out of business later, drivers will switch to another platform to take orders, and we will switch to another platform to hail rides, and our lives will not be affected in any way.\"</p><p>On July 8, U.S. Democratic Senator Chris Van Hollen called on the U.S. Securities and Exchange Commission to thoroughly investigate Didi's IPO.</p><p><b>The internet is going through a turbulent time. Some things, when viewed together, become intriguing.</b></p><p>Prior to the Didi incident, Huang Zheng stepped down as CEO of Pinduoduo in March of this year; In May, Zhang Yiming stepped down as CEO of ByteDance.</p><p>Many people previously viewed this as a result of internet anti-monopoly measures. But they overlooked a key clue:</p><p><b>Both Didi and Pinduoduo are listed in the United States. As for ByteDance, Trump's ban on Tiktok speaks for itself.</b></p><p><b>Meanwhile, for Tencent and Meituan, which are listed in Hong Kong, Ma Huateng and Wang Xing still hold the positions of CEO.</b></p><p>All the recent internet shocks happening around us are sending us a signal:</p><p><b>In the stock market rivalry between China and the United States, the past situation where the United States was aggressive and China was passively defensive will become history. China's regulatory determination and actions have already begun to show signs.</b></p><p>Some internet companies are still stuck in the habitual thinking of the previous 20 years; Some internet companies have already set sail for new ports.</p><p><b>They were destined to meet completely different fates.</b></p><p><img src=\"https://static.tigerbbs.com/a76220741e2982f75e2d7176ce362e38\" tg-width=\"1080\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1626307243676","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 Past of Chinese Internet Companies Listing</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 Past of Chinese Internet Companies Listing\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">吴杨野餐会</strong><span class=\"h-time small\">2021-07-15 08:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In 1983, Liu Gang graduated from Peking University Law School and was assigned to the Secretariat of the Ministry of Justice, where he was responsible for writing daily reports for the minister.</p><p>A year later, he felt the job was boring and wanted to apply for a transfer. Someone advised him that secretarial status might be easier to promote.</p><p>In 1985, the state implemented the \"third tier\" cadre reform. The Ministry of Justice selected young cadres to train at the grassroots level, and Liu Gang was included in it. He voluntarily gave up his position in a grassroots government agency and chose to become a grassroots lawyer.</p><p>After completing their training period, his colleagues returned to the Ministry of Justice to continue their careers, but Liu Gang did not go back. He chose to stay in the legal profession.</p><p>At that time, the legal profession in China was just emerging, and everything was still in a stage of ignorance. Liu Gang's main business is debt collection.</p><p>From then on, he lived the life of a \"migrant worker collecting debts\": two days and two nights squeezed into hard seats on trains, slept in large bunks that cost one yuan a night, ran frantically to chase debtors, and dodged debtors' thugs and gangs...</p><p>The turning point came in 1989. The Ministry of Justice and the British Law Society jointly launched a lawyer training program. After applying for and passing the exam, Liu Gang was selected to receive internship training at a law firm in London, England.</p><p>He wanted to do intellectual property, which was very popular in China at the time. But a senior partner at a British law firm advised him, \"I suggest you learn about capital markets.\" Liu Gang asked, \"What are capital markets?\"</p><p><b>\"A country as big as China will have a capital market sooner or later.\"</b>The British law firm partner said.</p><p>In 1990, China ushered in its own capital market, with the opening of the Shanghai Stock Exchange and the Shenzhen Stock Exchange.</p><p><img src=\"https://static.tigerbbs.com/99e63397642efd52b0b6a3d4dc5643f2\" tg-width=\"640\" tg-height=\"493\" referrerpolicy=\"no-referrer\"></p><p>▲ In the 1990s, stock investors lined up outside the Shanghai Stock Exchange.</p><p>(Photo | Pan Suofei, China News Service)</p><p>Two years later, China lifted restrictions on private partnership law firms. Liu Gang and two friends rented an office outside Jianguomen and founded their own law firm: Tongshang Law Firm.</p><p>In 2000, Liu Gang received a crucial opportunity in his career. At the time, Sina was attempting to list on Nasdaq. If successful, it will become the first Chinese Internet company to list in the United States.</p><p>Sina's listed entity is registered in the Cayman Islands. However, Chinese law imposes restrictions on foreign investment in the internet sector: foreign investment in the Chinese internet is prohibited, and foreign companies are also prohibited from conducting internet business in China.</p><p>To circumvent these investment restrictions, Liu Gang helped Sina design a complex control structure. He connects foreign investors and Chinese companies through a series of complex legal contracts, allowing overseas-listed entities to control domestic operating entities through agreements without direct equity relationships.</p><p><b>Liu Gang uses a VIE structure to kick off the overseas listing of Chinese internet companies.</b></p><p>In April 2000, Sina successfully listed on Nasdaq in the United States. In June and July of the same year, NetEase and Sohu successively completed their listings on Nasdaq. China's three major portal websites went public overseas, and Liu Gang was involved in all of them. This is very rare in the legal profession.</p><p>Over the next 20 years, almost all Chinese internet companies listed overseas adopted the \"Sina model\" VIE structure. As of May 2021, there were 248 Chinese companies listed in the United States, with a total market capitalization of $2.1 trillion. Among them, Internet-related information technology companies have the largest number, accounting for more than a quarter.</p><p><b>However, the VIE structure has also become a fulcrum in the stock market competition between China and the United States over the next 20 years.</b></p><p>In Liu Gang's words, the VIE structure \"allows overseas investment companies to control the operations of domestic companies without direct equity relationships.\"</p><p>However, according to the U.S. Congress, the VIE structure \"ensures that economic benefits flow to foreign investors while retaining operational control of the business with the Chinese company.\"</p><p><b>This unique structure has become a typical feature of Chinese concept stocks, and it has also laid the groundwork for controversy and crisis in the 20-year journey of Chinese internet companies to list overseas.</b></p><p>The decade-long history of overseas listings following the 2008 global financial crisis is key to helping us understand the current situation of Chinese internet companies. I divided it into four phases, namely:</p><p><img src=\"https://static.tigerbbs.com/6e5b6f69c3b6db65256d2ee9f3c20b46\" tg-width=\"965\" tg-height=\"367\" referrerpolicy=\"no-referrer\"></p><p><b>01</b></p><p><b>Hunting Chinese companies</b></p><p><b>The first round of overseas listings and short selling (2010-2013)</b></p><p>On November 1, 2011, Zhou Hongyi rushed back to the company in the middle of the night and summoned a bunch of supervisors from the website, browser, investor relations, finance, legal, public relations, and other departments.</p><p>At 9 p.m. that evening, short-selling firm Citron Research issued its first short-selling report on Qihoo 360 before the U.S. stock market opened. An hour later, the report was delivered to Zhou Hongyi. “We were surprised when Citron shorted 360,” he said.</p><p>On that day, Qihoo 360's stock fell by about 10%.</p><p>Seven months ago, Qihoo 360 went public on the New York Stock Exchange. Along with it, a large number of Chinese companies also listed on the US stock market.</p><p>Following the 2008 financial crisis, the US economy recovered rapidly starting in 2009, and international capital markets became active. During the same period, Chinese internet companies were in a period of rapid expansion and urgently needed funds.</p><p>A large number of internet companies are heading to the United States seeking to go public.<b>From 2010 to 2012, internet companies such as Gaode Maps, Qihoo 360, Youku, and Tudou successfully went public in the United States, starting a wave of Chinese concept stocks overseas.</b></p><p><img src=\"https://static.tigerbbs.com/53b96a1e444ead872f2cd9531b979af2\" tg-width=\"692\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>▲ Changes in the number of Chinese companies listing in the US from 1970 to 2020</p><p>Data source: Zero2IPO Research Center</p><p>In 2010, approximately 50 Chinese concept stocks were listed on the US stock market, marking a peak in the number of Chinese companies listed overseas and attracting the attention of short-selling institutions known as \"market vultures\".</p><p>Muddy Waters fired the first bullet. In 2010, Muddy Waters founder Carson Block released a 30-page short-selling report on Oriental Paper, causing Oriental Paper's stock price to plummet and Muddy Waters to become famous overnight.</p><p>Subsequently, US short-selling firms, represented by Muddy Waters and Citron Research, successively targeted Chinese concept stocks such as Focus Media, Qihoo 360, and New Oriental. Internet companies have become a major target for Chinese concept stocks.</p><p>Under this round of short-selling institutions, more than 40 Chinese companies have had to suspend trading or be delisted.<b>Chinese concept stocks are collectively facing a crisis of trust.</b></p><p><b>VIEs are a key target for US institutions to short Chinese companies.</b>“China’s internet industry has a VIE structure. Americans think that if you don’t have legal regulations, you’ll always feel insecure,” Zhou Hongyi said.</p><p>On July 17, 2012, New Oriental was investigated by the U.S. Securities and Exchange Commission (SEC) due to adjustments to its VIE structure. Muddy Waters subsequently released a short-selling report of more than 90 pages, pointing out that New Oriental's VIE structure has huge hidden dangers and lacks control.</p><p>Within 48 hours, New Oriental's stock price fell by 60%, hitting a five-year low.</p><p>The New Oriental incident also raised concerns about the VIE structure in the international market, and Chinese concept stocks generally fell sharply. Ctrip and Sina fell by more than 7%, while Dangdang.com, Qihoo 360, NetEase, and Sohu fell by more than 4%.</p><p>Following the outbreak of short-selling in Chinese concept stocks, US regulators have taken further aggressive action. In December 2012, the SEC filed an administrative lawsuit against Deloitte, Ernst & Young, KPMG, PricewaterhouseCoopers, and the Chinese branches of the five major accounting firms, BDO.</p><p>The SEC asked them to submit audit working papers for nine Chinese companies listed in the United States, but the five major accounting firms refused the request, saying they were unwilling to break Chinese law.</p><p>This move left Chinese companies listed in the US without an auditor, forcing them to delist.</p><p>The delisting trend of Chinese concept stocks is intensifying. The number of Chinese companies listed in the United States decreased from more than 240 in 2010 to less than 200 in 2012.</p><p><img src=\"https://static.tigerbbs.com/2c640046a4853c23afbcdbf6ee3d55e5\" tg-width=\"500\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p><p>▲ From 2010 to 2012, US-listed Chinese concept stocks experienced a short-selling wave.</p><p>Data source: Guosheng Securities</p><p>With frequent conflicts, China and the United States have incorporated auditing and cross-border law enforcement into their strategic economic dialogue. In 2013, the China Securities Regulatory Commission and the Ministry of Finance signed an enforcement cooperation agreement with the Public Company Accounting Oversight Board (PCAOB) in the United States, formally launching cross-border audit enforcement cooperation.</p><p><b>However, data sovereignty and confidentiality issues remain contradictions that are difficult for China and the United States to reconcile.</b>This led to various subsequent controversies.</p><p><b>02</b></p><p><b>Shadows Beneath the Feast</b></p><p><b>Alibaba's IPO and the Storm of Review of Chinese Concept Stocks (2014-2017)</b></p><p>In September 2014, Jack Ma entered the United Nations headquarters. One of the purposes of his trip was to meet with UN Secretary-General Ban Ki-moon through the introduction of Hang Lung Group Chairman Ronnie Chan.</p><p>The two of them stood at the elevator entrance, and when Ban Ki-moon came up, Ronnie Chan said the following to Jack Ma:</p><p>“I know Alibaba was forced to list in the United States. Hong Kong doesn’t have dual-class shares, so you have no choice.”<b>But Jack Ma, you need to be careful, Americans have a very, very long hand. One day he will give you trouble.</b>”</p><p>A week ago, Alibaba successfully listed on the New York Stock Exchange on September 19. The revelry filled all of Wall Street.</p><p>That evening, on the New York Stock Exchange's large black screen, the numbers representing Alibaba's opening price kept scrolling and climbing—70…80…90…</p><p>\"Opening price 92.7!\" a voice shouted.</p><p>Jack Ma looked up and glanced excitedly at the numbers on the screen. He picked up his hammer and quickly struck a golden bronze bell. The crowd around him immediately cheered, flashing one after another.</p><p>After more than two hours and 12 rounds of price inquiries, Alibaba's stock finally opened at 11:53 p.m. that evening. The opening price was $92.70, a 36.32% increase from the offering price of $68. The total amount raised reached US$34.125 billion, setting a new record for the highest IPO financing in global history. Alibaba's total market capitalization reached 228.5 billion US dollars, exceeding the GDP of more than 100 countries.</p><p><img src=\"https://static.tigerbbs.com/b666ad1064a3f877e706adaec7dfcd17\" tg-width=\"1080\" tg-height=\"566\" referrerpolicy=\"no-referrer\"></p><p>▲ Jack Ma at Alibaba's US Listing in 2014</p><p><b>Several American securities firms and international capital shared in this capital feast.</b>Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and others are among them.</p><p>When Alibaba listed on the New York Stock Exchange, SoftBank held 34.4% of the shares, making it the largest shareholder. Yahoo holds 22.6% of the shares, ranking second. Based solely on Alibaba's opening price, the market value of SoftBank and Yahoo's shares has reached $78.604 billion and $51.641 billion respectively, not including the portion they previously cashed out from Alibaba.</p><p>2014 saw another peak in Chinese internet companies going public in the United States. Besides Alibaba, JD.com, Weibo, Tuniu, Zhaopin.com, and others have also listed on the New York Stock Exchange and Nasdaq in the United States. A total of 12 internet companies completed their listings in the United States throughout the year.</p><p>However, in the same month that Alibaba went public, the U.S. Congressional China Economic and Security Review Commission (UCESRC) released a report titled...<b>Risks of Chinese Internet Companies on U.S. Stock Exchanges</b>The investigation report.</p><p>The report devotes 17 pages to pointing out the various risks associated with the listing of Chinese internet companies, directly stating that the VIE structure is not trustworthy. The UCESRC stated, \"Many U.S. legal experts believe that VIE structures are technically illegal under Chinese law and advise U.S. investors against making such investments.\"</p><p>On the evening of Singles' Day that same year, Jack Ma gave a 20-minute media interview at Alibaba's headquarters in Hangzhou, directly stating when discussing Alipay's IPO:<b>\"Due to various reasons, Alibaba is unable to list on the A-share market, so we hope that Alipay can be listed on the Chinese A-share market in the future.\"</b></p><p>Clearly, Jack Ma understood Ronnie Chan's words. To further understand this statement, we need to trace the timeline back to the Alipay spin-off event three years ago.</p><p>In the first quarter of 2011, the People's Bank of China required payment companies applying for payment licenses to declare their foreign ownership percentages. In May, Jack Ma changed ownership of Alipay and terminated Alibaba Group's control agreement over Zhejiang's Alibaba. Zhejiang Alibaba is a wholly-owned subsidiary of Alipay. This means,<b>Alipay has transformed from a foreign-owned company into a purely domestic one.</b></p><p><img src=\"https://static.tigerbbs.com/86b9f8383885bec01116a82dcc7cc0da\" tg-width=\"449\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p><p>▲ Alipay spin-off equity change</p><p>However, Jack Ma had not previously reached an agreement with the board of directors regarding this round of equity changes. After the boat was finished, Jack Ma provided corresponding compensation to its two major shareholders, Yahoo and SoftBank.</p><p>On July 29, 2011, Alibaba Group, Yahoo, and SoftBank officially signed an agreement regarding the transfer of Alipay equity. Alipay Holding Company promised to give Alibaba Group a one-time cash return upon its IPO. The return amount is 37.5% of the total market capitalization of Alipay's IPO price at the time of its listing, with no less than US$2 billion and no more than US$6 billion.</p><p>Jack Ma has been accused of \"dishonesty\" and \"undermining foreign investors' confidence in Chinese concept stocks VIE\" for this. He unusually took the initiative to give a lengthy exclusive interview to domestic media, explaining that everything was for Alipay to comply with regulations and obtain a payment license.</p><p>\"I said, brother, it's okay if you start a small joint venture.\"<b>You're dealing with Alipay, which is finance, and you're increasingly touching on sensitive areas. Finance is data, and problems are bound to arise.</b>Jerry Yang didn't believe it, but later they did. Jack Ma said in an exclusive interview with Mr. Fashion.</p><p>At the time, however, most people believed that Jack Ma was using the government as a shield, and they mostly ridiculed and mocked him. Jack Ma angrily withdrew from Weibo.</p><p>Before withdrawing, Jack Ma posted one last Weibo post. No text, just punctuation:<b>A question mark, an exclamation mark, and a string of ellipses</b>。</p><p>Three years after Alipay was spun off, Ant Financial was established in 2014, venturing into inclusive finance from the payment sector.</p><p>Six years later, on the eve of Ant Financial's IPO, Jack Ma delivered that famous speech at the Bund Financial Summit at the end of October 2020. On November 3, the Shanghai Stock Exchange and the Hong Kong Stock Exchange issued emergency notices to temporarily suspend Ant Financial's listing on the Science and Technology Innovation Board and H-shares.</p><p>Only then did everyone suddenly realize.<b>Nine years ago, Jack Ma did not overestimate the Chinese government's determination.</b></p><p><b>03</b></p><p><b>Torrent flows into the sea</b></p><p><b>New economic reform of A-shares and H-shares (2018-2019)</b></p><p>During the 2018 Two Sessions, Liu Shiyu, then chairman of the China Securities Regulatory Commission, said when talking about the overseas listing of Chinese new economy companies that, due to the specific institutional environment and market capacity at the time, it was a good thing that some new economy companies in China chose to list overseas. However, it is also a pity that the country has not enjoyed the fruits of their growth.</p><p><b>\"In this new era, this regret can no longer happen.\"</b>Liu Shiyu said.</p><p>\"Standing at the forefront of the trend, even a pig can fly.\" Lei Jun, who said this, once again propelled Xiaomi into the forefront of the times.<b>He wants to make Xiaomi the first internet company to be listed simultaneously on the mainland A-share market and the Hong Kong H-share market.</b></p><p>On May 3, 2018, Lei Jun, holding two Xiaomi mobile phones, personally flew to Hong Kong to visit Li Ka-shing, Hong Kong's richest man. On the same day, Xiaomi submitted its IPO prospectus to the Hong Kong Stock Exchange. Li Ka-shing's favorite general, Fok Kin-ning, confirmed to the media that Li Ka-shing spent HK$230 million to subscribe to Xiaomi shares. Besides Li Ka-shing, China's two major internet giants, Jack Ma and Ma Huateng, also subscribed to Xiaomi shares.</p><p><img src=\"https://static.tigerbbs.com/c1dfd540577403bd287f47c1209b66c3\" tg-width=\"460\" tg-height=\"304\" referrerpolicy=\"no-referrer\"></p><p>▲ Lei Jun meets with Li Ka-shing</p><p>In mainland China, Xiaomi even set a record of 12 days of \"lightning-fast\" meetings. On June 7 of the same year, Xiaomi applied to the China Securities Regulatory Commission to issue CDRs (depositary receipts) for listing, and the application was accepted on the same day. On the 14th, Xiaomi updated its prospectus and received feedback from the China Securities Regulatory Commission that evening, which is scheduled to be reviewed on the 19th.</p><p>At that time,<b>The China Securities Regulatory Commission and the Hong Kong Stock Exchange are vying to advance new economy listing reforms.</b></p><p>In December 2017, the Hong Kong Stock Exchange released the market \"Consultation Summary\" of the \"Framework Consultation Document on the Proposal to Establish an Innovation Board\", announcing that it would accept new economy companies with different voting rights structures to list in Hong Kong.</p><p>Three months later, the General Office of the State Council forwarded the China Securities Regulatory Commission's \"Opinions on Carrying Out Pilot Programs for Innovative Enterprises to Issue Stocks or Depositary Receipts Domestically,\" allowing new economy companies listed overseas to issue CDRs (depositary receipts) in the mainland A-share market and promoting the return of new economy companies, including those in the Internet sector, to A-share listing.</p><p>However, Xiaomi's CDR listing in mainland China was suddenly halted. On June 14, 2018, the China Securities Regulatory Commission (CSRC) issued 84 questions to Xiaomi. Five days later, Xiaomi announced that it would postpone the Issuance Examination Committee meeting to review the company's CDR issuance application. After listing in Hong Kong first, it will be listed in mainland China by issuing CDRs when the opportunity arises.</p><p>The Hong Kong listing has also been fraught with difficulties. On July 9 of that year, Xiaomi completed its listing on the Hong Kong Stock Exchange. On the day of its listing, Xiaomi's stock was included in the Hang Seng Index Composite Stock Connect and will be included in the Hong Kong Stock Connect under normal circumstances, allowing mainland Chinese investors to directly purchase Xiaomi stock.</p><p>Unexpectedly, on July 14, the Shanghai and Shenzhen Stock Exchanges suddenly issued a notice temporarily refusing to include shares of companies with weighted voting rights, foreign companies, and stapled securities in the Stock Connect program, citing \"unfamiliarity with mainland investors.\" Xiaomi was shut out.</p><p>Two days later, Hong Kong Stock Exchange CEO Li Xiaojia urgently flew from Hong Kong to Beijing to meet and negotiate with relevant officials from the China Securities Regulatory Commission. “We have been communicating with the China Securities Regulatory Commission (CSRC) for weeks and months, hoping to include them all this time and proceed according to the normal Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect procedures. However, the mainland exchanges may have some different opinions,” Li Xiaojia said.</p><p><b>This dispute concerns the future direction of Chinese internet companies going public. Can the door to a new era be opened?</b></p><p>For a long time, Chinese internet companies had only one option: to list in the United States, because mainland A-shares and Hong Kong H-shares did not accept the dual-class share structure in the past. Even with the Hong Kong Stock Exchange's ambitious reforms, poor liquidity will remain a key obstacle for internet companies to list in Hong Kong.</p><p>Only when the Hong Kong Stock Connect accepts new economy companies, allowing massive amounts of capital from mainland China to flow south, can the door to the Eastern world truly open to internet companies.</p><p><b>The storm is temporary, but the direction is certain.</b></p><p>In 2018, the Hong Kong Stock Exchange regained the top spot in the global IPO rankings, raising HK$277.85 billion throughout the year, a new high since 2010.</p><p>A total of 28 new economy companies and biotechnology companies went public in Hong Kong throughout the year. Among them, Xiaomi and Meituan ranked as the second and third largest companies in Hong Kong in terms of fundraising amount, with HK$42.61 billion and HK$33.14 billion respectively.</p><p>In October 2019, the Shanghai Stock Exchange and the Shenzhen Stock Exchange issued announcements that Xiaomi and Meituan would be included in the Hong Kong Stock Connect program.</p><p>Riding this momentum, Chinese internet companies, including Alibaba, NetEase, and JD.com, have returned to China from overseas and are vying for secondary listings in Hong Kong. By 2021, the Hong Kong market had gathered eight major internet giants: Tencent, Alibaba, Meituan, Kuaishou, JD.com, Xiaomi, Baidu, and NetEase.</p><p><img src=\"https://static.tigerbbs.com/dd1e5900f6cb5582296cd123573d40b6\" tg-width=\"1080\" tg-height=\"570\" referrerpolicy=\"no-referrer\"></p><p>Data source: Hong Kong Stock Exchange</p><p>During the same period, Chinese internet companies experienced their third peak in listings in the United States. In 2018 and 2019, 38 and 32 Chinese companies went public in the United States, respectively, most of which were new economy internet companies, including iQiyi, Douyu, and NetEase Youdao.</p><p>In October 2019, China and the United States reached a consensus on retrieving audit working papers of U.S.-listed companies audited by Hong Kong accounting firms and stored in mainland China. In response to reporters' questions, the China Securities Regulatory Commission stated that the two sides \"maintain a smooth cooperative relationship.\"</p><p>Everything seems to be thriving.</p><p>Unexpectedly, just one year later,<b>New crises, like volcanic lava, have long been accumulated and are erupting.</b>。</p><p><b>04</b></p><p><b>New Crisis Era</b></p><p><b>The Dilemmas and Future of Didi, ByteDance, and Pinduoduo (2020-Present)</b></p><p>July 1st marks the 100th anniversary of the founding of the Communist Party of China. Early that morning, Didi went public in the United States, raising $4.4 billion.</p><p>This is the largest IPO of a Chinese company in the United States since 2014. There are no photos of the bell ringing, no announcements on the official website, little media coverage, and no employees posting on social media.</p><p>On July 2, the China Cybersecurity Review Office issued an announcement stating that, in order to prevent national data security risks, safeguard national security, and protect the public interest, it will conduct a cybersecurity review of Didi Chuxing in accordance with the National Security Law and the Cybersecurity Law. Didi Chuxing suspended new user registration during the review period. Didi only appeared on Weibo trending topics and media headlines after its IPO.</p><p>On July 9, all 25 of Didi's apps were removed from app stores.</p><p>Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, once published a 20,000-word article titled \"The Changing World Order\" on his LinkedIn page. He pointed out that the Populism Index, which measures global conflicts, has now reached an all-time high.</p><p>“We are heading towards an abyss of polarization and populism,” Dalio warned.<b>The wealth gap, political polarization, and extreme nationalism we face today are very similar to those of World War II.</b></p><p><img src=\"https://static.tigerbbs.com/82a4ead3b25817350b19c65a0fb2c2ba\" tg-width=\"864\" tg-height=\"311\" referrerpolicy=\"no-referrer\"></p><p>▲ The inequality between the rich and the poor has led to extreme nationalism, which is similar to that during World War II.</p><p>Data source: Bridgewater Associates</p><p>On March 25, 2021, the U.S. Securities and Exchange Commission (SEC) issued a notice approving the final amendments to the Foreign Company Accountability Act (HFCAA). The bill stipulates that,<b>Foreign issuers that fail to meet the inspection requirements of the U.S. Public Company Accounting Oversight Board (PCAOB) for accounting firms for three consecutive years will be delisted.</b></p><p>Chinese Foreign Ministry spokesperson Hua Chunying responded at a press conference, saying: \"The HFCAA is a completely unreasonable political suppression of Chinese companies listed in the United States, seriously distorts the basic principles of the market economy that the United States has always touted, and deprives American investors and the American public of the opportunity to share in the development dividends of Chinese companies.\"</p><p>According to official data from the US PCAOB, as of April 2020,<b>Among foreign listed companies that do not accept PCAOB inspection and audit working papers, companies in mainland China and Hong Kong account for nearly 90%.</b></p><p>By quietly going public, Didi successfully threw itself into the eye of the storm in the Sino-US stock market rivalry.</p><p>On July 7, the official WeChat account of People's Daily, \"Riding the Waves of Youth,\" published two reports commenting on the Didi incident: \"Didi is far from the point of using employment to command the government. If Didi goes out of business later, drivers will switch to another platform to take orders, and we will switch to another platform to hail rides, and our lives will not be affected in any way.\"</p><p>On July 8, U.S. Democratic Senator Chris Van Hollen called on the U.S. Securities and Exchange Commission to thoroughly investigate Didi's IPO.</p><p><b>The internet is going through a turbulent time. Some things, when viewed together, become intriguing.</b></p><p>Prior to the Didi incident, Huang Zheng stepped down as CEO of Pinduoduo in March of this year; In May, Zhang Yiming stepped down as CEO of ByteDance.</p><p>Many people previously viewed this as a result of internet anti-monopoly measures. But they overlooked a key clue:</p><p><b>Both Didi and Pinduoduo are listed in the United States. As for ByteDance, Trump's ban on Tiktok speaks for itself.</b></p><p><b>Meanwhile, for Tencent and Meituan, which are listed in Hong Kong, Ma Huateng and Wang Xing still hold the positions of CEO.</b></p><p>All the recent internet shocks happening around us are sending us a signal:</p><p><b>In the stock market rivalry between China and the United States, the past situation where the United States was aggressive and China was passively defensive will become history. China's regulatory determination and actions have already begun to show signs.</b></p><p>Some internet companies are still stuck in the habitual thinking of the previous 20 years; Some internet companies have already set sail for new ports.</p><p><b>They were destined to meet completely different fates.</b></p><p><img src=\"https://static.tigerbbs.com/a76220741e2982f75e2d7176ce362e38\" tg-width=\"1080\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/QItPs3pB6CJ5Dn89MQYL2A\">吴杨野餐会</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1fc1f5e2fa377c378fa230c10e0849a2","relate_stocks":{"160636":"互联网","161025":"移动互联"},"source_url":"https://mp.weixin.qq.com/s/QItPs3pB6CJ5Dn89MQYL2A","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111811630","content_text":"1983年，刘钢从北京大学法学院毕业，被分配到司法部秘书处，负责为部长撰写日常报告。\n一年后，他感觉工作内容枯燥，想申请调职。有人劝告他，秘书身份可能会更容易得到提升。\n1985年，国家推行“第三梯队”干部改革。司法部挑选年轻干部到基层锻炼，刘钢被列入其中。他主动放弃了基层机关的岗位，选择做一名基层律师。\n锻炼期满，同事们纷纷回到司法部继续职业生涯，但刘钢没有回去。他选择留在律师行业。\n当时，中国律师行业刚刚兴起，一切尚在蒙昧期。刘钢的主要业务是讨债。\n从此，他过上了“讨债民工”的生活：两天两夜挤火车硬座，睡一块钱一晚的大通铺，狂奔追赶欠款人，躲避债务人的打手与围殴……\n转折点出现在1989年。司法部和英国律师协会联合启动一个律师培训项目。刘钢申请并通过考试后，被选派往英国伦敦的一家律师事务所接受实习培训。\n他想做当时在中国大热的知识产权。但英国律所的一位高级合伙人建议他：“我建议你了解一下资本市场。”刘钢问：“什么是资本市场？”\n“中国那么大的国家，早晚会有资本市场。”那位英国律所合伙人说。\n1990年，中国迎来属于自己的资本市场，上海交易所和深圳交易所先后开业。\n\n▲1990年代，股民在上海交易所门口排队\n（摄影 | 中新社 潘索菲）\n两年后，中国放开私人合伙制律师事务所限制。刘钢和两个朋友在建国门外租下一间办公室，创办起自己的律师事务所：通商律师事务所。\n2000年，刘钢得到职业生涯的一次关键机会。当时新浪正在冲击纳斯达克上市。如果成功，它将成为第一家在美国上市的中国互联网公司。\n新浪的上市主体注册在开曼群岛。但中国法律对外资进入互联网领域存在限制：禁止外资投资中国互联网，也禁止外国公司在中国开展互联网业务。\n为了绕过这些投资限制，刘钢帮助新浪设计了一套复杂的控制架构。他将外国投资者和中国公司通过一系列复杂的法律合同相连接，使海外上市实体在没有直接股权关系下，通过协议控制国内的运营实体。\n刘钢用一纸VIE架构，拉开中国互联网公司海外上市的大幕。\n2000年4月，新浪成功登陆美国纳斯达克。同年6月、7月，网易和搜狐相继完成纳斯达克上市。中国三大门户网站海外上市，刘钢均参与其中。这在律师行业非常罕见。\n此后20余年，几乎所有中国互联网公司海外上市，均采取“新浪模式”的VIE架构。截至2021年5月，中国共有248家公司在美国上市，总市值高达2.1万亿美元。其中互联网相关的信息技术公司数量最多，比例达四分之一以上。\n然而，VIE架构也成为今后20年中美两国股市博弈的支点。\n在刘钢的表述里，VIE架构“使境外投资公司在没有直接股权关系的情况下，控制国内公司的运营”。\n但在美国国会的表述中，VIE 架构则“保证了经济利益流向外国投资者，同时对业务的经营控制留在中国公司”。\n这种特殊架构，成为中概股的典型特征，也为中国互联网公司20年海外上市路埋下争议与危机的伏笔。\n08年全球金融危机后的十年海外上市史，是帮助我们理解中国互联网公司目前处境的关键。我将其分为四个阶段，分别为：\n\n01\n围猎中国公司\n第一轮海外上市与做空潮（2010—2013）\n2011年11月1日，周鸿祎半夜赶回公司，把网址站、浏览器、投资者关系、财务、法务、公关等相应一堆主管都叫了过来。\n当晚9点，做空机构香橼研究（Citron Research）赶在美国股市开市前，发出了针对奇虎360公司的第一份做空报告。1个小时后，报告送到周鸿祎手中。“Citron做空360时，我们觉得很惊讶。”他表示。\n当天，奇虎360的股票跌去约10%。\n7个月前，奇虎360登陆美国纽交所上市。和它一同登陆美国股市的，还有一大批中国公司。\n08年金融危机后，美国经济2009年起快速复苏，国际资本市场活跃。同一时期，中国互联网公司正在飞速扩张期，迫切需要资金。\n大批互联网公司奔赴美国寻求上市。从2010年到2012年，高德地图、奇虎360、优酷、土豆等互联网公司先后成功在美国上市，开启海外的中概股热潮。\n\n▲1970-2020年中国公司赴美上市数量变化\n数据来源：清科研究中心\n2010 年共计约 50 家中概股登陆美股市场，中国公司海外上市的数量突破峰值，也吸引了“市场秃鹫”做空机构们的目光。\n浑水公司（Muddy Waters）射出第一颗子弹。2010 年，浑水创始人卡森·布洛克（Carson Block）抛出一份30页的东方纸业做空报告，东方纸业股价大跌，浑水一战成名。\n随后，以浑水、香橼为代表的美国做空机构，相继把枪口瞄准了分众传媒、奇虎360、新东方等中概股。其中互联网公司成为被围猎的中概股重灾区。\n此轮做空机构围猎下，超过 40 家中国企业不得不停牌、退市。中概股集体陷入信任危机。\nVIE是美国机构做空中国公司的一个关键靶子。“中国互联网行业存在VIE结构。美国人认为你没有法律规定，就永远觉得心里没底。”周鸿祎说。\n2012年7月17日，新东方因为VIE架构调整，遭受美国证券交易委员会（SEC）调查。浑水随即发布一份长达90多页的做空报告，指出新东方VIE结构存在巨大隐患，缺乏控制力。\n48小时内，新东方股价跌去60%，股价创5年新低。\n新东方事件同时引发国际市场担忧VIE架构，中概股普遍大跌。携程、新浪等跌幅超过7%，当当网、奇虎360、网易、搜狐等跌幅超过4%。\n中概股做空潮爆发后，美国监管方进一步强势出击。2012年12月，SEC 对德勤、安永、毕马威、普华永道，以及德豪五大会计师事务所中国分部发起行政诉讼。\nSEC要求他们提交9家在美上市的中概股审计底稿，但五大会计师事务所拒绝了这一要求，他们不愿触犯中国法律。\n这一举动导致在美上市的中国企业陷入没有审计方的境地，迫使中国公司摘牌退市。\n中概股退市潮越演越烈。在美上市的中国公司由2010的240余家，减少到2012年的不足200家。\n\n▲ 2010-2012年美国上市中概股遭遇做空潮\n数据来源：国盛证券\n冲突频发，中美两国将审计跨境执法纳入战略经济对话。2013 年，中国证监会和财政部与美国上市公司会计监管委员会（PCAOB） 签订执法合作协议，正式开展审计跨境执法合作。\n但数据主权和保密问题仍是中美难以协调的矛盾。后续种种风波，也因此而起。\n02\n盛宴下的暗影\n阿里上市与中概股审查风暴（2014—2017）\n2014年9月，马云步入联合国总部。他此行的目的之一，是通过恒隆集团董事长陈启宗引荐，与联合国秘书长潘基文见面。\n他们两个人站在电梯口，等潘基文上来时，陈启宗对马云说了这样一番话：\n“我知道阿里到美国上市是被逼的，香港没有同股不同权，你是没办法。但是马云你要小心，美国人的手是伸的很长很长的。总有一天他会给你麻烦。”\n一个星期前，阿里巴巴9月19日在美国纽交所成功挂牌上市。狂欢充斥着整个华尔街。\n当晚，纽交所黑色大屏幕上，代表阿里巴巴开盘价的数字不断滚动，持续攀升——70……80……90……\n“开盘价92.7！”一个声音大喊。\n马云抬起头，兴奋地看了一眼屏幕上的数字。他拿起锤子，快速敲击着一个金色铜钟。包围着他的人群随即欢呼起来，闪光灯此起彼伏。\n经过2个多小时、12轮询价，阿里巴巴股票在当晚23点53分最终开盘。开盘价92.7美元，比起发行价68美元大涨36.32%。融资总金额高达341.25亿美元，创下全球历史上IPO融资最高纪录。阿里巴巴总市值达到2285亿美元，超过100多个国家的GDP。\n\n▲ 2014年阿里巴巴美国上市现场的马云\n多家美国券商和国际资本分享了这次资本盛宴。花旗、瑞士信贷、德意志银行、高盛、摩根大通、摩根士丹利等均位列其中。\n阿里巴巴登陆纽交所时，软银持股34.4%，为第一大股东；雅虎持股比例22.6%，居第二位。仅按阿里巴巴上市开盘价来算，软银和雅虎的持股市值已分别高达786.04亿美元和516.41亿美元，这还不算他们此前从阿里套现的部分。\n2014年是中国互联网公司赴美上市的又一波高峰。除了阿里，京东、微博、途牛、智联招聘等也先后登陆美国纽交所和纳斯达克，全年共有12家互联网公司在美完成上市。\n然而，就在阿里巴巴上市当月，美国国会中国经济与安全审查委员会（UCESRC）发布了一份名为《中国互联网公司在美国证券交易所的风险》的调查报告。\n报告用17页篇幅指出针对中国互联网公司上市的各项风险，直指VIE架构不值得信任。UCESRC宣称：“许多美国法律专家认为，根据中国法律，VIE 结构在技术上是非法的，并建议美国投资者不要进行此类投资。”\n同年双十一当晚，马云在杭州阿里总部接受20分钟的媒体采访，谈到支付宝上市时直接表态：“由于各种原因，阿里巴巴没有办法在A股上市，所以我们希望未来支付宝能够在中国A股上市。”\n显然，马云听懂了陈启宗的话。而要进一步理解这个表态，我们还需要把时间线拉回到三年前的支付宝拆分事件上。\n2011 年第一季度，中国央行要求申请支付牌照的支付企业对外资的持股比例作出声明。5月，马云变更支付宝的所有权，终止了阿里巴巴集团对浙江阿里巴巴的控制协议。浙江阿里巴巴为支付宝的全资控股公司。这意味着，支付宝从外资控股变为了一家纯内资公司。\n\n▲ 支付宝分拆股权变更\n但马云此轮股权变更，此前并未跟董事会达成协议。木已成舟后，马云对雅虎和软银两位大股东给出了相应补偿。\n2011 年 7 月 29 日，阿里巴巴集团、雅虎和软银就支付宝股权转让事件正式签署协议。支付宝控股公司承诺上市时给以阿里巴巴集团一次性的现金回报。回报额为支付宝上市时 IPO 价总市值的 37.5%，不低于 20 亿美元且不超过 60 亿美元。\n马云为此背上“不守诚信”，“打击国外投资者对中概股VIE信心”的骂名。他罕见地主动接受国内媒体大篇幅独家专访，出面解释一切都是为了支付宝合规获取支付牌照。\n“我说，兄弟，你如果搞个小合资企业，没关系。你搞的是支付宝，是金融，越来越触及到敏感地带。金融是数据，一定会出问题的。杨致远不相信，但后来他们相信了。”马云在接受《时尚先生》专访时说。\n但当时，大多数人认为马云是拿政府做挡箭牌，对此抱以讥笑嘲讽居多。马云愤而退出微博。\n退出前，马云发出了最后一条微博。没有文字，只有标点：问号，叹号，以及一串省略号。\n支付宝分拆三年后，2014年蚂蚁金服成立，从支付领域进军普惠金融。\n六年后，就在蚂蚁金服上市前夕，马云2020年10月底在外滩金融峰会做出了那篇著名的演讲。11月3号，上交所和港交所先后发出紧急通知，暂缓蚂蚁金服科创板和H股上市。\n这时，大家才恍然大悟。九年前，马云没有高估中国政府的决心。\n03\n洪流入海\nA股、H股新经济改革（2018-2019）\n2018年两会期间，时任中国证监会主席刘士余谈到中国新经济公司海外上市时称，限于当时的特定制度环境和市场容量，一些主体在中国的新经济企业选择到境外上市，这是好事。但国内没有享受到它们增长的成果，也是一个遗憾。\n“进入新时代，这个遗憾就不能再发生了。”刘士余说。\n“站在风口上，猪都会飞。”说出这句话的雷军，再一次把小米推上时代风口。他要让小米成为第一个内地A股和香港H股同步上市的互联网公司。\n2018年5月3日，雷军手握两款小米手机，亲自飞往香港拜访香港首富李嘉诚。就在同一天，小米向港交所递交上市招股书。李嘉诚爱将霍建宁向媒体证实，李嘉诚斥资2.3亿港元认购小米股票。除了李嘉诚，国内两大互联网巨头马云、马化腾也一同认购小米股票。\n\n▲ 雷军会见李嘉诚\n在内地，小米更是创下12天“闪电”上会记录。同年6月7日，小米向中国证监会申请发行CDR（存托凭证）上市，同天被受理。14日，小米更新招股说明书，当晚收到证监会下发的反馈意见，定于19日上会审核。\n彼时，中国证监会和港交所正在争相推进新经济上市改革。\n2017年12月，港交所发布《有关建议设立创新板的框架咨询文件》的市场《咨询总结》，宣布接纳采用不同投票权架构的新经济公司赴港上市。\n3个月后，国务院办公厅转发证监会《关于开展创新企业境内发行股票或存托凭证试点的若干意见》，允许在境外上市的新经济企业在内地A股市场发行CDR（存托凭证），推动包括互联网在内的新经济企业回归A股上市。\n然而，小米突然被叫停在内地CDR上市。2018年6月14日，证监会针对小米发出84问。五天后，小米宣布，推迟召开发审委会议审核公司的CDR发行申请。先在香港上市之后，再择机通过发行CDR的方式在境内上市。\n香港上市也一波三折。当年7月9日，小米公司在港交所完成上市。上市当天，小米股票被纳入恒指综合成分股，按照正常情况将进入港股通，允许中国内地投资者直接购买小米股票。\n不料沪深交易所在7月14日突然发出通知，以“内地投资者不熟识”为由，暂拒同股不同权公司、外国公司股票及合订证券纳入港股通范围。小米公司被拒之门外。\n两天后，港交所CEO李小加紧急从香港飞往北京，与中国证监会相关负责人碰面谈判。“一直几个星期、几个月来我们都在跟内地证监会沟通，最好这次都包进去，按正常沪港通、深港通程序往前走。但是内地交易所可能有些不同意见。”李小加说。\n这次争端，关系着中国互联网公司上市的未来走向。通往新时代的大门能否打开？\n中国互联网公司长期只有赴美上市一个选择，皆因内地A股和香港H股过去不接受同股不同权架构。即使港交所锐意改革，流动性差仍将成为互联网公司赴港上市的关键掣肘。\n只有港股通接纳新经济公司，来自中国内地的巨量资金得以南下，东方世界的大门才能真正面向互联网公司开启。\n风波是暂时的，方向是确定的。\n2018年，港交所重新摘下全球交易所IPO排行榜第一名桂冠，全年IPO募资额高达2778.5亿港元，创下2010年以来新高。\n全年共有28家新经济公司及生物科技公司赴港上市。其中小米和美团以426.1亿港元和331.4亿港元，分列香港上市募资额年度第二、第三大公司。\n2019年10月，上交所与深交所发布公告，小米和美团纳入港股通。\n乘此势头，包括阿里、网易、京东等在内的中国互联网公司纷纷从海外回归，争相赴港二次上市。到2021年，香港市场已经集齐腾讯、阿里、美团、快手、京东、小米、百度、网易八大互联网巨头。\n\n数据来源：香港交易所\n同一阶段，中国互联网公司赴美上市迎来第三次高峰。2018年和2019 年分别有38 家和32 家中国公司赴美国上市，其中大多以互联网新经济企业为主，包括爱奇艺、斗鱼、网易有道等等。\n2019年10月，中美双方就香港会计师事务所审计的、存放在中国内地的在美上市公司审计工作底稿调取事宜达成共识。中国证监会答记者问时表示，双方“保持着畅通的合作关系”。\n一切都显得欣欣向荣。\n人们没有料到，就在一年之后，新的危机如火山熔岩般，积蓄已久，喷涌而出。\n04\n新危机时代\n滴滴、字节、拼多多们的困境与未来（2020-今天）\n7月1日，建党100周年大庆。当天凌晨，滴滴赴美上市，融资44亿美元。\n这场自2014年来中国公司在美国最大的IPO，没有敲钟照片，官网没有公告，媒体少有报道，员工不发朋友圈。\n7月2号，中国网络安全审查办公室发布公告称，为防范国家数据安全风险，维护国家安全，保障公共利益，依据《国家安全法》《网络安全法》对“滴滴出行”实施网络安全审查。审查期间“滴滴出行”停止新用户注册。滴滴上市，才出现在微博热搜和媒体头条上。\n7月9日，滴滴公司旗下25款app全体下架。\n全球最大的对冲基金桥水基金创始人瑞·达利欧（Ray Dalio）曾在其领英主页上发布2万字长文《改变中的世界秩序》。他指出，衡量全球冲突的“民粹主义指数”（Populism Index）如今已经达到历史高点。\n“我们正在走向两极分化和民粹主义的深渊。”达利欧警告，今天我们面对的贫富分化、政治两极化和极端民族主义，和二战时期极为相似。\n\n▲ 贫富分化导致极端民族主义，现阶段与二战时期类似\n数据来源：桥水基金\n2021年3月25日，美国证券交易委员会（SEC）发布公告，通过《外国公司问责法案》（HFCAA）最终修正案。法案规定，外国发行人连续三年不能满足美国公众公司会计监督委员会（PCAOB）对会计师事务所检查要求的，将被摘牌退市。\n中国外交部发言人华春莹在记者会上回应称：“HFCAA完全是对中国在美上市企业的无理政治打压，严重扭曲美国自己一向标榜的市场经济基本准则，也剥夺了美国投资者和美国公众分享中国企业发展红利的机会。”\n美国PCAOB官方数据显示，截止到2020年4月，不接受PCAOB检查审计底稿的外国上市企业中，中国内地和香港的企业占近90%。\n滴滴用静默上市，成功把自己扔进了中美股市博弈风暴中的台风眼。\n7月7日，人民日报旗下“踏浪青年”公众号，连发两篇报道评论滴滴事件：“滴滴远没有到挟就业以令政府的程度。如果之后滴滴死了，司机换一个平台接单，我们换一个平台打车，生活不会受到任何影响。”\n7月8日，美国民主党参议员Chris Van Hollen呼吁美国证交会彻底调查滴滴上市事件。\n互联网正值多事之秋。一些事情连起来看，变得耐人寻味。\n滴滴事件之前，今年3月，黄峥卸任拼多多CEO；5月，张一鸣卸任字节跳动CEO。\n此前不少人将这看做互联网反垄断的结果。但他们忽略了一条关键线索：\n滴滴、拼多多均在美国上市。至于字节跳动，特朗普对Tiktok的禁令就已经说明了一切。\n而在香港上市的腾讯与美团，马化腾和王兴至今安坐CEO之位。\n最近所有在我们身边接连发生的互联网震动，都在向我们传递出一个信号：\n中美股市博弈中，过去美国积极进攻，中国被动防守的局面将成为历史。中国监管的决心和行动，已经初露端倪。\n有的互联网公司，还停留在前20年的惯性思维里；有的互联网公司已经驶向新港口。\n他们注定迎来截然不同的命运。","news_type":1,"symbols_score_info":{"160636":0.9,"161025":0.9}},"isVote":1,"tweetType":1,"viewCount":1121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145563229,"gmtCreate":1626230880061,"gmtModify":1703755986005,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/145563229","repostId":"2151560584","repostType":4,"repost":{"id":"2151560584","kind":"highlight","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":1626207238,"share":"https://ttm.financial/m/news/2151560584?lang=en_US&edition=fundamental","pubTime":"2021-07-14 04:13","market":"us","language":"en","title":"S&P 500 and Nasdaq end down after hitting record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2151560584","media":"Reuters","summary":"JPMorgan drops amid low interest rates\nU.S. consumer prices surge in June\nBoeing slips on new produc","content":"<ul>\n <li>JPMorgan drops amid low interest rates</li>\n <li>U.S. consumer prices surge in June</li>\n <li>Boeing slips on new production problems for 787 Dreamliners</li>\n <li>Indexes: Dow -0.31%, S&amp;P 500 -0.35%, Nasdaq -0.38%</li>\n</ul>\n<p>(Updates following end of session)</p>\n<p>July 13 (Reuters) - The S&amp;P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.</p>\n<p>The S&amp;P 500 and Nasdaq reached fresh record highs but quickly fell into negative territory after an auction of 30-year Treasuries showed less demand than some investors expected and pushed yields higher.</p>\n<p>Data indicated U.S. consumer prices rose by the most in 13 years last month, while so-called core consumer prices surged 4.5% year over year, the largest rise since November 1991.</p>\n<p>Economists viewed the price surge, driven by travel-rated services and used automobiles, as mostly temporary, aligning with Federal Reserve Chair Jerome Powell's long-standing views.</p>\n<p>\"Any time you get an uptick in interest rates the stock market is going to get nervous, especially on a day like today,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.</p>\n<p>The S&amp;P 500 growth index dipped 0.05%, while the value index fell 0.70%.</p>\n<p>\"With growth outperforming value, the takeaway is clearly that inflation from a market perspective is not a real threat in the long term,\" said Keith Buchanan, a portfolio manager at GLOBALT Investments in Atlanta, Georgia.</p>\n<p>Ten of the 11 major S&amp;P 500 sector indexes ended lower, with real estate , consumer discretionary and financials each down more than 1%.</p>\n<p>JPMorgan Chase &amp; Co stock fell 1.5% after the company reported blockbuster quarterly profit growth but warned that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates.</p>\n<p>Goldman Sachs Group Inc dipped 1.2% after its quarterly earnings exceeded forecasts.</p>\n<p>Citigroup , Wells Fargo &amp; Co and Bank of America were due to report their quarterly results early on Wednesday.</p>\n<p>PepsiCo Inc gained 2.3% after raising its full-year earnings forecast, betting on accelerating demand as COVID-19 restrictions continue to ease.</p>\n<p>June-quarter earnings per share for S&amp;P 500 companies are expected to rise 66%, according to Refinitiv data, with investors questioning how long Wall Street's rally would last after a 16% rise in the benchmark index so far this year.</p>\n<p>All eyes now turn to Fed Chair Jerome Powell's congressional testimony on Wednesday and Thursday for his comments about rising price pressures and monetary support going forward.</p>\n<p>The Dow Jones Industrial Average fell 0.31% to end at 34,888.79 points, while the S&amp;P 500 lost 0.35% to 4,369.21.</p>\n<p>The Nasdaq Composite dropped 0.38% to 14,677.65.</p>\n<p>Conagra Brands Inc dropped 5.4% after the packaged foods company warned that higher raw material and ingredient costs would take a bigger bite out of its profit this year than previously estimated.</p>\n<p>Boeing Co fell 4.2% after the Federal Aviation Administration said late on Monday some undelivered 787 Dreamliners have a new manufacturing quality issue.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.85-to-1 ratio; on Nasdaq, a 3.06-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 61 new highs and 73 new lows.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 10.5 billion average for the full session over the last 20 trading days.</p>\n<p>(Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Cynthia Osterman)</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>S&P 500 and Nasdaq end down after hitting record highs</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\">\nS&P 500 and Nasdaq end down after hitting record highs\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\">2021-07-14 04:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>JPMorgan drops amid low interest rates</li>\n <li>U.S. consumer prices surge in June</li>\n <li>Boeing slips on new production problems for 787 Dreamliners</li>\n <li>Indexes: Dow -0.31%, S&amp;P 500 -0.35%, Nasdaq -0.38%</li>\n</ul>\n<p>(Updates following end of session)</p>\n<p>July 13 (Reuters) - The S&amp;P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.</p>\n<p>The S&amp;P 500 and Nasdaq reached fresh record highs but quickly fell into negative territory after an auction of 30-year Treasuries showed less demand than some investors expected and pushed yields higher.</p>\n<p>Data indicated U.S. consumer prices rose by the most in 13 years last month, while so-called core consumer prices surged 4.5% year over year, the largest rise since November 1991.</p>\n<p>Economists viewed the price surge, driven by travel-rated services and used automobiles, as mostly temporary, aligning with Federal Reserve Chair Jerome Powell's long-standing views.</p>\n<p>\"Any time you get an uptick in interest rates the stock market is going to get nervous, especially on a day like today,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.</p>\n<p>The S&amp;P 500 growth index dipped 0.05%, while the value index fell 0.70%.</p>\n<p>\"With growth outperforming value, the takeaway is clearly that inflation from a market perspective is not a real threat in the long term,\" said Keith Buchanan, a portfolio manager at GLOBALT Investments in Atlanta, Georgia.</p>\n<p>Ten of the 11 major S&amp;P 500 sector indexes ended lower, with real estate , consumer discretionary and financials each down more than 1%.</p>\n<p>JPMorgan Chase &amp; Co stock fell 1.5% after the company reported blockbuster quarterly profit growth but warned that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates.</p>\n<p>Goldman Sachs Group Inc dipped 1.2% after its quarterly earnings exceeded forecasts.</p>\n<p>Citigroup , Wells Fargo &amp; Co and Bank of America were due to report their quarterly results early on Wednesday.</p>\n<p>PepsiCo Inc gained 2.3% after raising its full-year earnings forecast, betting on accelerating demand as COVID-19 restrictions continue to ease.</p>\n<p>June-quarter earnings per share for S&amp;P 500 companies are expected to rise 66%, according to Refinitiv data, with investors questioning how long Wall Street's rally would last after a 16% rise in the benchmark index so far this year.</p>\n<p>All eyes now turn to Fed Chair Jerome Powell's congressional testimony on Wednesday and Thursday for his comments about rising price pressures and monetary support going forward.</p>\n<p>The Dow Jones Industrial Average fell 0.31% to end at 34,888.79 points, while the S&amp;P 500 lost 0.35% to 4,369.21.</p>\n<p>The Nasdaq Composite dropped 0.38% to 14,677.65.</p>\n<p>Conagra Brands Inc dropped 5.4% after the packaged foods company warned that higher raw material and ingredient costs would take a bigger bite out of its profit this year than previously estimated.</p>\n<p>Boeing Co fell 4.2% after the Federal Aviation Administration said late on Monday some undelivered 787 Dreamliners have a new manufacturing quality issue.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.85-to-1 ratio; on Nasdaq, a 3.06-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 61 new highs and 73 new lows.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 10.5 billion average for the full session over the last 20 trading days.</p>\n<p>(Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","IVV":"标普500ETF-iShares","SQQQ":"纳指三倍做空ETF","OEX":"标普100","NDAQ":"纳斯达克OMX交易所","SPXU":"三倍做空标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SPY":"标普500ETF","SDS":"两倍做空标普500 ETF-ProShares",".DJI":"道琼斯","TQQQ":"纳指三倍做多ETF","SSO":"2倍做多标普500ETF-ProShares",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","SH":"做空标普500-Proshares",".SPX":"S&P 500 Index","QQQ":"纳指100ETF","PSQ":"做空纳斯达克100指数ETF-ProShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151560584","content_text":"JPMorgan drops amid low interest rates\nU.S. consumer prices surge in June\nBoeing slips on new production problems for 787 Dreamliners\nIndexes: Dow -0.31%, S&P 500 -0.35%, Nasdaq -0.38%\n\n(Updates following end of session)\nJuly 13 (Reuters) - The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.\nThe S&P 500 and Nasdaq reached fresh record highs but quickly fell into negative territory after an auction of 30-year Treasuries showed less demand than some investors expected and pushed yields higher.\nData indicated U.S. consumer prices rose by the most in 13 years last month, while so-called core consumer prices surged 4.5% year over year, the largest rise since November 1991.\nEconomists viewed the price surge, driven by travel-rated services and used automobiles, as mostly temporary, aligning with Federal Reserve Chair Jerome Powell's long-standing views.\n\"Any time you get an uptick in interest rates the stock market is going to get nervous, especially on a day like today,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.\nThe S&P 500 growth index dipped 0.05%, while the value index fell 0.70%.\n\"With growth outperforming value, the takeaway is clearly that inflation from a market perspective is not a real threat in the long term,\" said Keith Buchanan, a portfolio manager at GLOBALT Investments in Atlanta, Georgia.\nTen of the 11 major S&P 500 sector indexes ended lower, with real estate , consumer discretionary and financials each down more than 1%.\nJPMorgan Chase & Co stock fell 1.5% after the company reported blockbuster quarterly profit growth but warned that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates.\nGoldman Sachs Group Inc dipped 1.2% after its quarterly earnings exceeded forecasts.\nCitigroup , Wells Fargo & Co and Bank of America were due to report their quarterly results early on Wednesday.\nPepsiCo Inc gained 2.3% after raising its full-year earnings forecast, betting on accelerating demand as COVID-19 restrictions continue to ease.\nJune-quarter earnings per share for S&P 500 companies are expected to rise 66%, according to Refinitiv data, with investors questioning how long Wall Street's rally would last after a 16% rise in the benchmark index so far this year.\nAll eyes now turn to Fed Chair Jerome Powell's congressional testimony on Wednesday and Thursday for his comments about rising price pressures and monetary support going forward.\nThe Dow Jones Industrial Average fell 0.31% to end at 34,888.79 points, while the S&P 500 lost 0.35% to 4,369.21.\nThe Nasdaq Composite dropped 0.38% to 14,677.65.\nConagra Brands Inc dropped 5.4% after the packaged foods company warned that higher raw material and ingredient costs would take a bigger bite out of its profit this year than previously estimated.\nBoeing Co fell 4.2% after the Federal Aviation Administration said late on Monday some undelivered 787 Dreamliners have a new manufacturing quality issue.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.85-to-1 ratio; on Nasdaq, a 3.06-to-1 ratio favored decliners.\nThe S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 61 new highs and 73 new lows.\nVolume on U.S. exchanges was 9.5 billion shares, compared with the 10.5 billion average for the full session over the last 20 trading days.\n(Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Cynthia Osterman)","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"MNQmain":0.9,"NDAQ":0.9,"SPXU":0.9,".SPX":0.9,"SQQQ":0.9,"NQmain":0.9,"QID":0.9,"IVV":0.9,"QQQ":0.9,"SSO":0.9,"PSQ":0.9,"TQQQ":0.9,".IXIC":0.9,".DJI":0.9,"OEF":0.9,"SH":0.9,"OEX":0.9,"SDS":0.9,"ESmain":0.9,"QLD":0.9,"SPY":0.9,"UPRO":0.9}},"isVote":1,"tweetType":1,"viewCount":1823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142668037,"gmtCreate":1626146892729,"gmtModify":1703754285393,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"wow。。…。。。。。。。。。。。。。。。。。。。。","listText":"wow。。…。。。。。。。。。。。。。。。。。。。。","text":"wow。。…。。。。。。。。。。。。。。。。。。。。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142668037","repostId":"1101858948","repostType":4,"isVote":1,"tweetType":1,"viewCount":1762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":141127656,"gmtCreate":1625842942175,"gmtModify":1703749765961,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":35,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/141127656","repostId":"1161633079","repostType":4,"repost":{"id":"1161633079","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625842702,"share":"https://ttm.financial/m/news/1161633079?lang=en_US&edition=fundamental","pubTime":"2021-07-09 22:58","market":"us","language":"en","title":"Didi Global falls as China orders 25 of its apps to be removed from app stores","url":"https://stock-news.laohu8.com/highlight/detail?id=1161633079","media":"Tiger Newspress","summary":"Didi Global(NYSE:DIDI)pared earlier gain and is now down 0.6% after China's cyberspace administratio","content":"<ul>\n <li>Didi Global(NYSE:DIDI)pared earlier gain and is now&nbsp;down 0.6%&nbsp;after China's cyberspace administration said it called for the removal of 25 DIDI related apps from the app store.</li>\n <li>The 25 apps appear to have serious violations of laws and regulation in connecting and using personal information, according to aChina regulatory website(Google translated).</li>\n <li>No website or platform shall provide access and download services for the 25 apps that have been removed from the app store, such as “Didi Travel” and “Didi Enterprise Edition.\"</li>\n <li>Earlier this week, the Chinese Cyberspace Administrationordered app stores to block downloadsof DiDi, Full Truck Alliance(NYSE:YMM)and Kaznhun Ltd.(NASDAQ:BZ)software due to alleged problems with security of customers’personal information.</li>\n <li>Yesterday,&nbsp;DiDi Global, Full Truck Alliance and Kanzhun’s stocks fall again as China crackdown grows.</li>\n</ul>","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>Didi Global falls as China orders 25 of its apps to be removed from app stores</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\">\nDidi Global falls as China orders 25 of its apps to be removed from app stores\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-09 22:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Didi Global(NYSE:DIDI)pared earlier gain and is now&nbsp;down 0.6%&nbsp;after China's cyberspace administration said it called for the removal of 25 DIDI related apps from the app store.</li>\n <li>The 25 apps appear to have serious violations of laws and regulation in connecting and using personal information, according to aChina regulatory website(Google translated).</li>\n <li>No website or platform shall provide access and download services for the 25 apps that have been removed from the app store, such as “Didi Travel” and “Didi Enterprise Edition.\"</li>\n <li>Earlier this week, the Chinese Cyberspace Administrationordered app stores to block downloadsof DiDi, Full Truck Alliance(NYSE:YMM)and Kaznhun Ltd.(NASDAQ:BZ)software due to alleged problems with security of customers’personal information.</li>\n <li>Yesterday,&nbsp;DiDi Global, Full Truck Alliance and Kanzhun’s stocks fall again as China crackdown grows.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)","YMM":"满帮","BZ":"BOSS直聘"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161633079","content_text":"Didi Global(NYSE:DIDI)pared earlier gain and is now down 0.6% after China's cyberspace administration said it called for the removal of 25 DIDI related apps from the app store.\nThe 25 apps appear to have serious violations of laws and regulation in connecting and using personal information, according to aChina regulatory website(Google translated).\nNo website or platform shall provide access and download services for the 25 apps that have been removed from the app store, such as “Didi Travel” and “Didi Enterprise Edition.\"\nEarlier this week, the Chinese Cyberspace Administrationordered app stores to block downloadsof DiDi, Full Truck Alliance(NYSE:YMM)and Kaznhun Ltd.(NASDAQ:BZ)software due to alleged problems with security of customers’personal information.\nYesterday, DiDi Global, Full Truck Alliance and Kanzhun’s stocks fall again as China crackdown grows.","news_type":1,"symbols_score_info":{"BZ":0.9,"YMM":0.9,"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":1466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894028092,"gmtCreate":1628778666216,"gmtModify":1676529852851,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"....","listText":"....","text":"....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/894028092","repostId":"2158253720","repostType":2,"repost":{"id":"2158253720","kind":"highlight","pubTimestamp":1628758171,"share":"https://ttm.financial/m/news/2158253720?lang=en_US&edition=fundamental","pubTime":"2021-08-12 16:49","market":"us","language":"zh","title":"Federal Reserve voting members: The scale of asset purchases may begin to be reduced by the end of this year","url":"https://stock-news.laohu8.com/highlight/detail?id=2158253720","media":"华尔街见闻","summary":"据金融时报，旧金山联储主席Mary Daly表示，鉴于目前经济反弹的力道，美联储可能会在今年底前开始缩减资产购买规模（taper）。\nDaly表示，随着越来越多的人重返工作岗位，消费者支出依然强劲，家","content":"<p>According to the Financial Times, San Francisco Federal Reserve President Mary Daly said that given the current strength of the economic rebound, the Fed may begin tapering its asset purchases (taper) by the end of this year.</p><p>Daly stated that as more people return to work, consumer spending remains strong, and the robust recovery in household and business activity will continue to accelerate. Daly also believes that it is appropriate to start discussing taper.</p><p>The Federal Reserve had previously stated that it would continue to purchase mortgage-backed securities and U.S. Treasury Bond until inflation hovered at an average of 2% and substantial further progress was made on its employment targets. Daly stated that these thresholds may be reached by the end of this year or early 2022.</p><p>According to Federal Reserve officials, the main risk to the economic outlook is the spread of the Delta variant, but Daly said this could have a limited impact on the economy. She also stated that, overall, this will not undermine the economic recovery, but it will undermine the global economic recovery and create resistance for the United States.</p><p>Regarding inflation, Daly stated that the economic sectors most affected by reopening have experienced a surge in inflation, but the supply-demand imbalance will eventually resolve itself.</p><p>It is worth noting that Daly is a voting member of the Federal Open Market Committee and has voting rights at FOMC meetings.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Federal Reserve voting members: The scale of asset purchases may begin to be reduced by the end of this year</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\">\nFederal Reserve voting members: The scale of asset purchases may begin to be reduced by the end of this year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-12 16:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>According to the Financial Times, San Francisco Federal Reserve President Mary Daly said that given the current strength of the economic rebound, the Fed may begin tapering its asset purchases (taper) by the end of this year.</p><p>Daly stated that as more people return to work, consumer spending remains strong, and the robust recovery in household and business activity will continue to accelerate. Daly also believes that it is appropriate to start discussing taper.</p><p>The Federal Reserve had previously stated that it would continue to purchase mortgage-backed securities and U.S. Treasury Bond until inflation hovered at an average of 2% and substantial further progress was made on its employment targets. Daly stated that these thresholds may be reached by the end of this year or early 2022.</p><p>According to Federal Reserve officials, the main risk to the economic outlook is the spread of the Delta variant, but Daly said this could have a limited impact on the economy. She also stated that, overall, this will not undermine the economic recovery, but it will undermine the global economic recovery and create resistance for the United States.</p><p>Regarding inflation, Daly stated that the economic sectors most affected by reopening have experienced a surge in inflation, but the supply-demand imbalance will eventually resolve itself.</p><p>It is worth noting that Daly is a voting member of the Federal Open Market Committee and has voting rights at FOMC meetings.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3637798\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/123472eab1159c5e881f8e540a346014","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SH":"做空标普500-Proshares","DDM":"2倍做多道指ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","DOG":"道指ETF-ProShares做空","QQQ":"纳指100ETF",".DJI":"道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares",".IXIC":"NASDAQ Composite","QLD":"2倍做多纳斯达克100指数ETF-ProShares","IVV":"标普500ETF-iShares","SQQQ":"纳指三倍做空ETF",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SPY":"标普500ETF","SDS":"两倍做空标普500 ETF-ProShares","OEX":"标普100","TQQQ":"纳指三倍做多ETF","DJX":"1/100道琼斯","OEF":"标普100指数ETF-iShares"},"source_url":"https://wallstreetcn.com/articles/3637798","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158253720","content_text":"据金融时报，旧金山联储主席Mary Daly表示，鉴于目前经济反弹的力道，美联储可能会在今年底前开始缩减资产购买规模（taper）。\nDaly表示，随着越来越多的人重返工作岗位，消费者支出依然强劲，家庭和商业活动的强劲复苏将继续加速。Daly还认为，开始讨论taper是合适的。\n此前美联储表示，将继续购买抵押贷款支持证券和美国国债，直到通胀率在2%的平均水平徘徊，以及就业目标取得实质性的进一步进展。Daly表示，在今年年底或2022年初可能会达到这些门槛。\n根据美联储官员的说法，经济前景的主要风险是德尔塔变种病毒的传播，但Daly表示，这可能对经济产生的影响有限。她还表示，整体来说，这不会破坏经济的复苏，但是会破坏全球经济的复苏，给美国带来阻力。\n对于通胀问题，Daly表示，受重新开放影响最大的经济部门出现通胀激增的现象，但供需失衡的现象最终将自己得到解决。\n值得注意的是，Daly是美联储公开市场委员会的投票成员，在FOMC会议上有投票权。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"UPRO":0.9,"NQmain":0.9,"MNQmain":0.9,"UDOW":0.9,"QLD":0.9,"TQQQ":0.9,"SH":0.9,"OEX":0.9,"QID":0.9,"SQQQ":0.9,"ESmain":0.9,"SDOW":0.9,"SPY":0.9,"IVV":0.9,"DJX":0.9,"PSQ":0.9,"DDM":0.9,"DXD":0.9,"OEF":0.9,"SPXU":0.9,"QQQ":0.9,"SSO":0.9,"SDS":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9,"DOG":0.9}},"isVote":1,"tweetType":1,"viewCount":5971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802760443,"gmtCreate":1627808858582,"gmtModify":1703496167503,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/802760443","repostId":"2156169561","repostType":4,"isVote":1,"tweetType":1,"viewCount":6547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145563229,"gmtCreate":1626230880061,"gmtModify":1703755986005,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/145563229","repostId":"2151560584","repostType":4,"repost":{"id":"2151560584","kind":"highlight","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":1626207238,"share":"https://ttm.financial/m/news/2151560584?lang=en_US&edition=fundamental","pubTime":"2021-07-14 04:13","market":"us","language":"en","title":"S&P 500 and Nasdaq end down after hitting record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2151560584","media":"Reuters","summary":"JPMorgan drops amid low interest rates\nU.S. consumer prices surge in June\nBoeing slips on new produc","content":"<ul>\n <li>JPMorgan drops amid low interest rates</li>\n <li>U.S. consumer prices surge in June</li>\n <li>Boeing slips on new production problems for 787 Dreamliners</li>\n <li>Indexes: Dow -0.31%, S&amp;P 500 -0.35%, Nasdaq -0.38%</li>\n</ul>\n<p>(Updates following end of session)</p>\n<p>July 13 (Reuters) - The S&amp;P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.</p>\n<p>The S&amp;P 500 and Nasdaq reached fresh record highs but quickly fell into negative territory after an auction of 30-year Treasuries showed less demand than some investors expected and pushed yields higher.</p>\n<p>Data indicated U.S. consumer prices rose by the most in 13 years last month, while so-called core consumer prices surged 4.5% year over year, the largest rise since November 1991.</p>\n<p>Economists viewed the price surge, driven by travel-rated services and used automobiles, as mostly temporary, aligning with Federal Reserve Chair Jerome Powell's long-standing views.</p>\n<p>\"Any time you get an uptick in interest rates the stock market is going to get nervous, especially on a day like today,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.</p>\n<p>The S&amp;P 500 growth index dipped 0.05%, while the value index fell 0.70%.</p>\n<p>\"With growth outperforming value, the takeaway is clearly that inflation from a market perspective is not a real threat in the long term,\" said Keith Buchanan, a portfolio manager at GLOBALT Investments in Atlanta, Georgia.</p>\n<p>Ten of the 11 major S&amp;P 500 sector indexes ended lower, with real estate , consumer discretionary and financials each down more than 1%.</p>\n<p>JPMorgan Chase &amp; Co stock fell 1.5% after the company reported blockbuster quarterly profit growth but warned that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates.</p>\n<p>Goldman Sachs Group Inc dipped 1.2% after its quarterly earnings exceeded forecasts.</p>\n<p>Citigroup , Wells Fargo &amp; Co and Bank of America were due to report their quarterly results early on Wednesday.</p>\n<p>PepsiCo Inc gained 2.3% after raising its full-year earnings forecast, betting on accelerating demand as COVID-19 restrictions continue to ease.</p>\n<p>June-quarter earnings per share for S&amp;P 500 companies are expected to rise 66%, according to Refinitiv data, with investors questioning how long Wall Street's rally would last after a 16% rise in the benchmark index so far this year.</p>\n<p>All eyes now turn to Fed Chair Jerome Powell's congressional testimony on Wednesday and Thursday for his comments about rising price pressures and monetary support going forward.</p>\n<p>The Dow Jones Industrial Average fell 0.31% to end at 34,888.79 points, while the S&amp;P 500 lost 0.35% to 4,369.21.</p>\n<p>The Nasdaq Composite dropped 0.38% to 14,677.65.</p>\n<p>Conagra Brands Inc dropped 5.4% after the packaged foods company warned that higher raw material and ingredient costs would take a bigger bite out of its profit this year than previously estimated.</p>\n<p>Boeing Co fell 4.2% after the Federal Aviation Administration said late on Monday some undelivered 787 Dreamliners have a new manufacturing quality issue.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.85-to-1 ratio; on Nasdaq, a 3.06-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 61 new highs and 73 new lows.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 10.5 billion average for the full session over the last 20 trading days.</p>\n<p>(Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Cynthia Osterman)</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>S&P 500 and Nasdaq end down after hitting record highs</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\">\nS&P 500 and Nasdaq end down after hitting record highs\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\">2021-07-14 04:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>JPMorgan drops amid low interest rates</li>\n <li>U.S. consumer prices surge in June</li>\n <li>Boeing slips on new production problems for 787 Dreamliners</li>\n <li>Indexes: Dow -0.31%, S&amp;P 500 -0.35%, Nasdaq -0.38%</li>\n</ul>\n<p>(Updates following end of session)</p>\n<p>July 13 (Reuters) - The S&amp;P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.</p>\n<p>The S&amp;P 500 and Nasdaq reached fresh record highs but quickly fell into negative territory after an auction of 30-year Treasuries showed less demand than some investors expected and pushed yields higher.</p>\n<p>Data indicated U.S. consumer prices rose by the most in 13 years last month, while so-called core consumer prices surged 4.5% year over year, the largest rise since November 1991.</p>\n<p>Economists viewed the price surge, driven by travel-rated services and used automobiles, as mostly temporary, aligning with Federal Reserve Chair Jerome Powell's long-standing views.</p>\n<p>\"Any time you get an uptick in interest rates the stock market is going to get nervous, especially on a day like today,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.</p>\n<p>The S&amp;P 500 growth index dipped 0.05%, while the value index fell 0.70%.</p>\n<p>\"With growth outperforming value, the takeaway is clearly that inflation from a market perspective is not a real threat in the long term,\" said Keith Buchanan, a portfolio manager at GLOBALT Investments in Atlanta, Georgia.</p>\n<p>Ten of the 11 major S&amp;P 500 sector indexes ended lower, with real estate , consumer discretionary and financials each down more than 1%.</p>\n<p>JPMorgan Chase &amp; Co stock fell 1.5% after the company reported blockbuster quarterly profit growth but warned that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates.</p>\n<p>Goldman Sachs Group Inc dipped 1.2% after its quarterly earnings exceeded forecasts.</p>\n<p>Citigroup , Wells Fargo &amp; Co and Bank of America were due to report their quarterly results early on Wednesday.</p>\n<p>PepsiCo Inc gained 2.3% after raising its full-year earnings forecast, betting on accelerating demand as COVID-19 restrictions continue to ease.</p>\n<p>June-quarter earnings per share for S&amp;P 500 companies are expected to rise 66%, according to Refinitiv data, with investors questioning how long Wall Street's rally would last after a 16% rise in the benchmark index so far this year.</p>\n<p>All eyes now turn to Fed Chair Jerome Powell's congressional testimony on Wednesday and Thursday for his comments about rising price pressures and monetary support going forward.</p>\n<p>The Dow Jones Industrial Average fell 0.31% to end at 34,888.79 points, while the S&amp;P 500 lost 0.35% to 4,369.21.</p>\n<p>The Nasdaq Composite dropped 0.38% to 14,677.65.</p>\n<p>Conagra Brands Inc dropped 5.4% after the packaged foods company warned that higher raw material and ingredient costs would take a bigger bite out of its profit this year than previously estimated.</p>\n<p>Boeing Co fell 4.2% after the Federal Aviation Administration said late on Monday some undelivered 787 Dreamliners have a new manufacturing quality issue.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.85-to-1 ratio; on Nasdaq, a 3.06-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 61 new highs and 73 new lows.</p>\n<p>Volume on U.S. exchanges was 9.5 billion shares, compared with the 10.5 billion average for the full session over the last 20 trading days.</p>\n<p>(Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","IVV":"标普500ETF-iShares","SQQQ":"纳指三倍做空ETF","OEX":"标普100","NDAQ":"纳斯达克OMX交易所","SPXU":"三倍做空标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SPY":"标普500ETF","SDS":"两倍做空标普500 ETF-ProShares",".DJI":"道琼斯","TQQQ":"纳指三倍做多ETF","SSO":"2倍做多标普500ETF-ProShares",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","SH":"做空标普500-Proshares",".SPX":"S&P 500 Index","QQQ":"纳指100ETF","PSQ":"做空纳斯达克100指数ETF-ProShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151560584","content_text":"JPMorgan drops amid low interest rates\nU.S. consumer prices surge in June\nBoeing slips on new production problems for 787 Dreamliners\nIndexes: Dow -0.31%, S&P 500 -0.35%, Nasdaq -0.38%\n\n(Updates following end of session)\nJuly 13 (Reuters) - The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.\nThe S&P 500 and Nasdaq reached fresh record highs but quickly fell into negative territory after an auction of 30-year Treasuries showed less demand than some investors expected and pushed yields higher.\nData indicated U.S. consumer prices rose by the most in 13 years last month, while so-called core consumer prices surged 4.5% year over year, the largest rise since November 1991.\nEconomists viewed the price surge, driven by travel-rated services and used automobiles, as mostly temporary, aligning with Federal Reserve Chair Jerome Powell's long-standing views.\n\"Any time you get an uptick in interest rates the stock market is going to get nervous, especially on a day like today,\" said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.\nThe S&P 500 growth index dipped 0.05%, while the value index fell 0.70%.\n\"With growth outperforming value, the takeaway is clearly that inflation from a market perspective is not a real threat in the long term,\" said Keith Buchanan, a portfolio manager at GLOBALT Investments in Atlanta, Georgia.\nTen of the 11 major S&P 500 sector indexes ended lower, with real estate , consumer discretionary and financials each down more than 1%.\nJPMorgan Chase & Co stock fell 1.5% after the company reported blockbuster quarterly profit growth but warned that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates.\nGoldman Sachs Group Inc dipped 1.2% after its quarterly earnings exceeded forecasts.\nCitigroup , Wells Fargo & Co and Bank of America were due to report their quarterly results early on Wednesday.\nPepsiCo Inc gained 2.3% after raising its full-year earnings forecast, betting on accelerating demand as COVID-19 restrictions continue to ease.\nJune-quarter earnings per share for S&P 500 companies are expected to rise 66%, according to Refinitiv data, with investors questioning how long Wall Street's rally would last after a 16% rise in the benchmark index so far this year.\nAll eyes now turn to Fed Chair Jerome Powell's congressional testimony on Wednesday and Thursday for his comments about rising price pressures and monetary support going forward.\nThe Dow Jones Industrial Average fell 0.31% to end at 34,888.79 points, while the S&P 500 lost 0.35% to 4,369.21.\nThe Nasdaq Composite dropped 0.38% to 14,677.65.\nConagra Brands Inc dropped 5.4% after the packaged foods company warned that higher raw material and ingredient costs would take a bigger bite out of its profit this year than previously estimated.\nBoeing Co fell 4.2% after the Federal Aviation Administration said late on Monday some undelivered 787 Dreamliners have a new manufacturing quality issue.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.85-to-1 ratio; on Nasdaq, a 3.06-to-1 ratio favored decliners.\nThe S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 61 new highs and 73 new lows.\nVolume on U.S. exchanges was 9.5 billion shares, compared with the 10.5 billion average for the full session over the last 20 trading days.\n(Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; Editing by Cynthia Osterman)","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"MNQmain":0.9,"NDAQ":0.9,"SPXU":0.9,".SPX":0.9,"SQQQ":0.9,"NQmain":0.9,"QID":0.9,"IVV":0.9,"QQQ":0.9,"SSO":0.9,"PSQ":0.9,"TQQQ":0.9,".IXIC":0.9,".DJI":0.9,"OEF":0.9,"SH":0.9,"OEX":0.9,"SDS":0.9,"ESmain":0.9,"QLD":0.9,"SPY":0.9,"UPRO":0.9}},"isVote":1,"tweetType":1,"viewCount":1823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140856558,"gmtCreate":1625648510274,"gmtModify":1703745603154,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/140856558","repostId":"1130886099","repostType":4,"repost":{"id":"1130886099","kind":"news","pubTimestamp":1625647657,"share":"https://ttm.financial/m/news/1130886099?lang=en_US&edition=fundamental","pubTime":"2021-07-07 16:47","market":"hk","language":"en","title":"Havens in Demand as Deutsche Bank Sees Balance of Risks Shifting","url":"https://stock-news.laohu8.com/highlight/detail?id=1130886099","media":"Bloomberg","summary":"(Bloomberg) -- Once-bullish global risk sentiment is starting to cede ground to pockets of angst.\nSu","content":"<div>\n<p>(Bloomberg) -- Once-bullish global risk sentiment is starting to cede ground to pockets of angst.\nSurging commodity prices and rising inflation expectations have given way to rallies in havens from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/signs-market-angst-growing-investors-043911877.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","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>Havens in Demand as Deutsche Bank Sees Balance of Risks Shifting</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\">\nHavens in Demand as Deutsche Bank Sees Balance of Risks Shifting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-07 16:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/signs-market-angst-growing-investors-043911877.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Once-bullish global risk sentiment is starting to cede ground to pockets of angst.\nSurging commodity prices and rising inflation expectations have given way to rallies in havens from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/signs-market-angst-growing-investors-043911877.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/signs-market-angst-growing-investors-043911877.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130886099","content_text":"(Bloomberg) -- Once-bullish global risk sentiment is starting to cede ground to pockets of angst.\nSurging commodity prices and rising inflation expectations have given way to rallies in havens from Treasuries to the Japanese yen this week, while pockets of the tech world are in crisis. Investors are once again questioning the strength of the global recovery and mulling the threat of new Covid-19 variants and prospective central bank tightening -- in particular by the Federal Reserve.\n“The balance of risks is slightly more negative given the continued global reach of the delta variant and the reaction to the FOMC,” Deutsche Bank AG economist David Folkerts-Landau wrote in a report Tuesday. “One of the biggest questions soon will be the extent to which governments and citizens are prepared to live with the virus. That answer will have crucial implications for the shape of the recovery and the new steady-state we’re heading to.”\nBenchmark 10-year Treasury yields slumped Tuesday to touch their lowest since February after a key gauge of U.S. service-sector activity fell more than expected, raising concern over the strength of the economic rebound. Brent crude futures, which hit their highest since 2018 after OPEC+ talks over production increases collapsed this week, reversed course to give up this month’s gains.\nWith the world’s central bankers taking a data-dependent approach, investors are parsing every economic release for clues as to how it might affect their thinking. While Tuesday’s U.S. services data showed record order backlogs, traders focused instead on its weaker employment measure and a slight decline in prices paid, which suggested an acceleration in cost pressures may be starting to cool.\nU.S. stocks snapped a streak of seven consecutive closing record highs, led lower by economically-sensitive energy and financial shares. Traditional haven the Japanese yen strengthened, pushing the currency to a two-week high against the dollar.\nAlso spooking traders was the spread of the delta variant of the coronavirus, even in countries like Israel which has one of the world’s most effective inoculation drives. Many new Covid-19 cases are among vaccinated people, according to Ynet news service, while a report showed Pfizer Inc.’s vaccine was less effective at preventing the virus, even though it provided a strong shield against severe illness.\nMeanwhile, China’s technology stocks are withering under increasing regulatory scrutiny as investors brace for a new era of tighter oversight from Beijing. An index of the country’s internet shares has fallen to the lowest since September.\nAnd there are signs of concern over the nation’s pace of economic recovery. A former central bank official said policy makers should cut interest rates in the second half of the year.\nStill, the angst in pockets of the financial market has yet to lead to broader weakness. A gauge of global stocks is trading just off an all-time closing high set Friday and benchmark yields remain up more than 40 basis points this year.\nInvestor focus now turns to the release of Federal Reserve meeting minutes Wednesday that should bring fresh insight on its monetary policy.","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179479430,"gmtCreate":1626574138720,"gmtModify":1703761873073,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Haiz","listText":"Haiz","text":"Haiz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/179479430","repostId":"1102934343","repostType":4,"repost":{"id":"1102934343","kind":"news","pubTimestamp":1626573820,"share":"https://ttm.financial/m/news/1102934343?lang=en_US&edition=fundamental","pubTime":"2021-07-18 10:03","market":"sh","language":"zh","title":"This company's performance more than tripled in the first half of the year! Gaoyi Capital decisively increased its holdings in the second quarter.","url":"https://stock-news.laohu8.com/highlight/detail?id=1102934343","media":"上海证券报","summary":"在上半年有色金属价格持续向好的背景下，西部矿业抓住机会实现业绩大幅增长。\n\n7月16日晚，西部矿业披露半年报，公司上半年业绩增幅达到336.41%（此前预增为306%）。除了业绩大幅增长外，半年报显示","content":"<p><div>Against the backdrop of continued positive non-ferrous metal prices in the first half of the year, Western Mining seized the opportunity to achieve significant performance growth. On the evening of July 16, Western Mining released its semi-annual report, showing that the company's first-half performance increased by 336.41% (previously expected to increase by 306%). In addition to a significant increase in performance, the semi-annual report shows that Western Mining also received increased holdings from star capital Gaoyi in the second quarter. Rising copper prices boosted its performance. Specifically, Western Mining's semi-annual report shows that it achieved operating revenue of 19.119 billion yuan in the first half of the year, a year-on-year increase of 41.81%. Net profit reached 1.411 billion yuan, a year-on-year increase of 336.41%.</p><p><a href=\"https://mp.weixin.qq.com/s/ay6NiCFZzM7cGc2yZfLPZg\">Web page link</a></div></p>","source":"shzqb","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>This company's performance more than tripled in the first half of the year! Gaoyi Capital decisively increased its holdings in the second quarter.</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\">\nThis company's performance more than tripled in the first half of the year! Gaoyi Capital decisively increased its holdings in the second quarter.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">上海证券报</strong><span class=\"h-time small\">2021-07-18 10:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Against the backdrop of continued positive non-ferrous metal prices in the first half of the year, Western Mining seized the opportunity to achieve significant performance growth. On the evening of July 16, Western Mining released its semi-annual report, showing that the company's first-half performance increased by 336.41% (previously expected to increase by 306%). In addition to a significant increase in performance, the semi-annual report shows that Western Mining also received increased holdings from star capital Gaoyi in the second quarter. Rising copper prices boosted its performance. Specifically, Western Mining's semi-annual report shows that it achieved operating revenue of 19.119 billion yuan in the first half of the year, a year-on-year increase of 41.81%. Net profit reached 1.411 billion yuan, a year-on-year increase of 336.41%.</p><p><a href=\"https://mp.weixin.qq.com/s/ay6NiCFZzM7cGc2yZfLPZg\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/ay6NiCFZzM7cGc2yZfLPZg\">上海证券报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s/ay6NiCFZzM7cGc2yZfLPZg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102934343","content_text":"在上半年有色金属价格持续向好的背景下，西部矿业抓住机会实现业绩大幅增长。\n\n7月16日晚，西部矿业披露半年报，公司上半年业绩增幅达到336.41%（此前预增为306%）。除了业绩大幅增长外，半年报显示，二季度西部矿业还获得明星资本高毅加仓。\n铜价上升助推业绩上涨\n具体来看，西部矿业半年报显示，上半年实现营业收入191.19亿元，同比增41.81%；实现净利润14.11亿元，同比增336.41%。\n作为一家矿业公司，西部矿业何以取得如此优异的成绩？受益于铜价上涨周期，公司铜产品量价齐升是首要因素。\n\n据生意社统计数据，截至7月16日，现货铜报价69673.33元/吨，较7月12日的69496.67元/吨上涨0.25%，较年初上涨20.22%。\n对于业绩增长，西部矿业坦言主要系控股子公司玉龙铜业改扩建项目投产，铜精矿产量较上年同期增加，且有色金属市场价格持续向好，公司主要产品铜精矿和锌精矿销售均价较上年同期大幅上涨。\n事实上，在2020年底顺利投产的玉龙铜矿二期对公司上半年业绩增长起到至关重要作用。资料显示，玉龙铜矿是国内第二大单体铜矿，已探明铜金属量约为 650 万吨，品位达0.68%，公司目前持有其 58%股权。财务数据显示，玉龙矿业上半年实现营收25.42亿元，实现净利润12.64亿元。\n\n“玉龙铜矿目前已实现半产，预计在2022年实现满产。”公司相关人士表示，玉龙铜矿二期全面达产后，公司矿石的年处理量将由原来的200万吨提升至2000万吨，公司也将在现有年产铜6万吨的基础上再增加10万吨，公司的竞争力将得到大幅提升。“综合来看，玉龙矿业可实现的利润能使西矿整体利润水平翻一番，所以说这是一个再创辉煌的项目。”\n\n对于矿山板块，西部矿业表示还是要做大做强。据了解，西矿的目标是到“十四五”末形成5000万吨矿石年处理量能力，继续为成为国际特大型矿山奋斗。对于如何实现目标，前述人士表示西矿未来将采取一些并购重组、收购等方式来扩大资源优势。\n二季度获高毅资产加仓\n事实上，在半年报披露季投资者最关心的除了经营性信息外，恐怕就是股东信息了，因为在这里面藏着很多投资大佬们的一举一动。\n16日盘后刚刚发布2021年半年报的西部矿业，其股东榜就透露出高毅资产在二季度加仓的重要信息。\n\n具体来看，公司半年报股东榜显示，高毅资产-高毅晓峰2号致信基金持股比例由一季度末的1.58%增至1.79%，从一季度末的第三大股东跃升为第二大股东。同时，外贸信托-高毅晓峰鸿远集合资金信托计划新进公司十大股东榜，该信托计划以3784.97万股的持股数量（占总股本1.59%）成为公司第四大股东。\n回顾来看，高毅资产-高毅晓峰2号致信基金在2020年三季度进入西部矿业前十大股东。在完成建仓后，高毅资产-高毅晓峰2号致信基金在去年四季度增持公司46万股，今年一季度减持57.69万股，今年二季度再度增持505.52万股，总体来看，该基金对西部矿业持续“看好”。\n\n需要指出的是，该基金在西部矿业建仓时，也是色金属价格回暖的开始，彼时西部矿业股价开启向上模式。统计数据显示，自2020年7月以来，西部矿业股价累计涨幅达到148.3%。由此推算，高毅资产-高毅晓峰2号致信基金亦有较高浮盈。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142668037,"gmtCreate":1626146892729,"gmtModify":1703754285393,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"wow。。…。。。。。。。。。。。。。。。。。。。。","listText":"wow。。…。。。。。。。。。。。。。。。。。。。。","text":"wow。。…。。。。。。。。。。。。。。。。。。。。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142668037","repostId":"1101858948","repostType":4,"isVote":1,"tweetType":1,"viewCount":1762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806210282,"gmtCreate":1627657172046,"gmtModify":1703494316968,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/806210282","repostId":"1103612914","repostType":4,"repost":{"id":"1103612914","kind":"news","pubTimestamp":1627656394,"share":"https://ttm.financial/m/news/1103612914?lang=en_US&edition=fundamental","pubTime":"2021-07-30 22:46","market":"us","language":"zh","title":"If Li Xiang wants to go to Hong Kong, it's time for him to curb his temper.","url":"https://stock-news.laohu8.com/highlight/detail?id=1103612914","media":"AI蓝媒汇","summary":"王兴是理想的第一个“关键先生”，李想则是第二个。\n\n去年7月，理想登陆纳斯达克。时间不到一年，7月26日，理想通过港交所上市聆讯，不久之后，我们将看到理想在港股双重上市。\n在聆讯材料中，创始人李想被称","content":"<p>Wang Xing is the first \"key gentleman\" of the ideal, and Li Xiang is the second. Last July, Li Auto was listed on Nasdaq. Less than a year later, on July 26, Li Auto passed the listing hearing on the Hong Kong Stock Exchange. Soon after, we will see Li Auto dually list on the Hong Kong Stock Exchange.</p><p>In the hearing materials, founder Li Xiang was described as \"one of the few entrepreneurs in China who has achieved success one after another.\" He previously founded PConline,<a href=\"https://laohu8.com/S/ATHM\">Autohome</a>，<a href=\"https://laohu8.com/S/LI\">Li Auto</a>This is his third entrepreneurial venture. These past successes also \"demonstrate Li Xiang's insight, vision, experience and ability as one of China's best internet product managers\".</p><p>Yes, Li Xiang might be a very capable product manager. After Li Auto went public last year, the market had doubts about Li Auto's range-extended technology architecture. Wang Xing strongly supported Li Xiang on Fanfou with a sales tone, saying:</p><p>I never try to persuade others to \"buy\" the Li Auto ONE. I just suggest that they try the Li Auto ONE, drive it, sit for a while, and experience it for themselves before making a judgment. Some people have never even touched the Li Auto ONE and predict its downfall based solely on so-called industry experience/theory/common sense, haha.</p><p>Of course, Wang Xing himself, Meituan, and Li Auto are now deeply bound together, and Wang Xing is also known as \"Mr. Key to Li Auto\". In the hearing materials, Meituan and Wang Xing occupied two important positions among the four major shareholders of Li Auto:</p><p>Meituan, with a 13.23% stake, holds an ideal 4.21% of the voting rights; Wang Xing holds 6.76% of the shares and has an ideal 2.15% of the voting rights.</p><p><img src=\"https://static.tigerbbs.com/d7f0853225b7fb4cf59ed59e03aa5a29\" tg-width=\"692\" tg-height=\"370\" referrerpolicy=\"no-referrer\"></p><p>Li Xiang himself, as the single largest shareholder of Ideal, holds 23.79% of the shares and 75.74% of the voting rights. When Li Auto was listed on the US stock market, according to the data disclosed in its prospectus, Li Xiang owned 21.0% of Li Auto's shares and 72.7% of its voting rights.</p><p>Among the three emerging car manufacturers, NIO, Xiaoli, and Li Xiang, Li Xiang is the founder with the most \"fan effect\". To this day, Li Bin's<a href=\"https://laohu8.com/S/WB\">Weibo</a>He Xiaopeng has 495,000 followers.<a href=\"https://laohu8.com/S/WB\">Weibo</a>He has 969,000 followers, while Li Xiang's Weibo account has 1.869 million followers.</p><p>Of course, this fan effect may not be so beneficial to Li Auto, such as one of Li Xiang's nicknames:</p><p>The founder of a car company is the first person to curse.</p><p>This nickname is quite interesting; to some extent, it indicates that Li Auto's brand image has been severely damaged.</p><p>For example, in April, May, and July, review experienced three seemingly unrelated events.</p><p>In April, Li Xiang posted a Weibo post, discussing something from a third-party storytelling perspective and asking for guidance from netizens.</p><p><img src=\"https://static.tigerbbs.com/531d871804cbcfa51cc12bb7027912a5\" tg-width=\"719\" tg-height=\"2008\" referrerpolicy=\"no-referrer\"></p><p>The incident stemmed from a female reporter adding an ideal engineer to a social networking site and asking:</p><p>I heard that the ideal in May<a href=\"https://laohu8.com/S/AONE.U\">one</a>The facelifted car is about to be launched, and I'm curious about the changes in the new car. Could you please tell me?</p><p>Because of this question, the female reporter angered the engineer, who countered by asking:</p><p>I'd also like to ask you if your X life is harmonious? I'd also like to ask if any new XX games have been unlocked recently.</p><p>For an ideal employee, \"confidentiality\" naturally has its principles. While making vulgar remarks, this engineer also expressed his resentment:</p><p>All the companies that can speak have made public announcements. Don't ask these kinds of confidential questions to beginners. If someone actually answers you, your readership will increase. Have you thought about the person who provided the information? What are the consequences of leaking secrets that you don't know?</p><p>Of course, this matter is in the past, and there is no need to discuss the rights and wrongs of it too much. In the history of Ideal's development, this is just one insignificant case of its public relations crisis, but this incident was not without ripples. In May, another PR crisis for Ideal was similar to the one mentioned by the aforementioned female reporter.<a href=\"https://laohu8.com/S/AONE.U\">one</a>It is related to the \"facelifted car\".</p><p>At the time, some netizens took to Weibo to protect their rights, posting several banners pasted on the body of the Li Auto ONE, such as:</p><p>Car enthusiasts talk about nostalgia with Li Auto, but Li Auto treats car enthusiasts like fools! Li Auto ONE engages in unscrupulous fraudulent sales and abandons loyal fans!</p><p><img src=\"https://static.tigerbbs.com/e6eb469e68da66b0b9c2534977fae4a4\" tg-width=\"692\" tg-height=\"513\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/155449407a22b4c40e73939c81a8e7de\" tg-width=\"692\" tg-height=\"518\" referrerpolicy=\"no-referrer\"></p><p>The incident stemmed from the release and launch of the new Li Auto ONE on May 25th. In terms of price, the new Li Auto ONE has been priced up by 10,000 yuan, in exchange for upgrades in the hardware, software, and configuration of the driver assistance system.</p><p>The crux of the matter is that many Li Auto users are unaware of this news. Users who have already placed orders or recently received their cars believe that Li Auto's sales team has deceived them. One car owner stated:</p><p>Upgrading is normal, but it's wrong to conceal the need for an upgrade and sell us the old model.</p><p>Some car owners began to speak out through various channels, such as Li Xiang's Weibo, Li Auto APP, car owner groups, and after-sales customer service, but they were ignored and \"removed from the group chat\". After the car owners had \"no way to protect their rights,\" they spontaneously formed a rights protection group, and an Li Auto owner who is a lawyer sent a lawyer's letter to Li Auto. What's really \"outrageous\" is that in the screenshots circulating online, some car owners even expressed their \"big shot\" request to Li Auto's after-sales service:</p><p>You slap Li Xiang for me.</p><p><img src=\"https://static.tigerbbs.com/acadfdf4dde0b88fd6fc23a56725d5a8\" tg-width=\"695\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p><p>In fact, the damage to the ideal brand is also related to Li Xiang himself. In the past, Li Xiang has been the subject of even more news than expected.</p><p>In July, a car owner posted a video showing that there was suspected mercury in the gaps between the seats of the Li Auto ONE, and the dose was considerable. As a toxic substance, the official explanation given by Li Auto is:</p><p>The Li Auto ONE uses no mercury in its product design, raw material selection, manufacturing, transportation, and delivery processes. The vehicle fully complies with the \"Requirements for Prohibited Substances in Automobiles\" (GB/T 30612-2014) and the EU's requirements for hazardous substances such as ELVs.</p><p><img src=\"https://static.tigerbbs.com/7cb53fd3d2d43aebd55893ee2e05fb44\" tg-width=\"692\" tg-height=\"237\" referrerpolicy=\"no-referrer\"></p><p>However, what got Li Auto deeply involved in the \"mercury scandal\" was not Li Auto's official attitude, but a Weibo post by Li Xiang himself. On July 5, Li Xiang angrily denounced on Weibo:</p><p>Those who spread rumors about us using mercury and the media, may your blood flow with mercury and your minds be filled with mercury!</p><p><img src=\"https://static.tigerbbs.com/2e70a0f678807dac6bdb1c6a7b163488\" tg-width=\"550\" tg-height=\"327\" referrerpolicy=\"no-referrer\"></p><p>Li Xiang posted this Weibo post three times. In the end, Li Xiang deleted the Weibo post.</p><p>This move has also put Li Xiang in the spotlight. In the comments section of Weibo, some netizens commented on Li Xiang as follows:</p><p>They are hypocritical, full of lies, and deceive consumers.</p><p>Frankly speaking, such an image is quite serious for the CEO of a listed company. This isn't the first or second time Li Xiang has lost his temper; he's one of the few CEOs who has criticized the media so directly. If you watched the program \"Winning in China's Blue Skies and Clear Waters\" that Li Xiang participated in in 2013, you should have some understanding of Li Xiang's temperament.</p><p>In this program, at that time as<a href=\"https://laohu8.com/S/ATHM\">Autohome</a>Founder and president Li Xiang, due to insufficient contract preparation, loudly exclaimed on the spot:</p><p>The contract wasn't printed properly, and they want me to print my resume. What are you doing? I'm out of my mind.</p><p><img src=\"https://static.tigerbbs.com/22b1803a41fb098fcf8f0bf2a3fb96f4\" tg-width=\"709\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p><p>After the \"Mercury Gate\" incident, some netizens said that Li Xiang had become arrogant. After experiencing a downturn in the new energy vehicle market, Li Auto has actually delivered a pretty good performance. The hearing materials mentioned that from the start of mass production of the Li Auto ONE in November 2019 until June 30, 2021...<a href=\"https://laohu8.com/S/LI\">Li Auto</a>More than 63,000 Li Auto ONEs were delivered.</p><p>According to a report by Frost & Sullivan, based on sales volume, the Li Auto ONE was rated as China's best-selling new energy SUV in 2020, accounting for 9.7% of the market share. Meanwhile in China<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>It ranked sixth in the automotive market, accounting for 2.8% of the market share; Li Auto Yuzhong<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>The car brand ranked eleventh.</p><p>It is worth noting that in the delivery rankings of emerging electric vehicle manufacturers, Li Auto delivered 4,323 vehicles in May, ranking only fourth. In June, the ideal delivery volume reached 6,565 vehicles, exceeding...<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Only ranked<a href=\"https://laohu8.com/S/NIO\">Nio</a>Below.</p><p>At the same time, Li Auto's revenue figures are also constantly climbing. Li Auto's revenue was RMB 284 million, RMB 9.457 billion and RMB 3.575 billion in 2019, 2020 and the first quarter of 2021, respectively, compared to RMB 852 million in the same period last year.</p><p><img src=\"https://static.tigerbbs.com/d971fd2311c9185d972828dca2646e24\" tg-width=\"692\" tg-height=\"795\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>With such a report card, Li Auto is heading to the Hong Kong stock market.</p><p>Today, the ideal market capitalization has reached $27.84 billion, and the progress bar for the dream of a market capitalization of $100 billion has passed a quarter of the way.</p><p>However, the ideal still faces many problems. In the hearing materials, a key risk factor mentioned by Li Auto is that, to date, Li Auto still relies on a single model for revenue, and the number of models generating revenue is limited in the foreseeable future.</p><p>In some discussions about Li Auto, a car owner said:</p><p>When will the Li Auto TWO be released?</p><p>In addition, the issues facing Li Auto include the impact of the founder's words and actions on the brand, which were not mentioned in the hearing materials.</p><p>We consulted some car owners, and one Li Auto owner said:</p><p>The key is the car; as long as it's easy to drive, that's fine.</p><p>When asked about past Li Auto and some \"news\" about Li Xiang, the car owner, who also recommended Li Auto to others on Weibo, said he was unaware of it.</p><p>However, some consumers also said that certain comments made them waver whether to choose Li Auto when buying their \"first car\".</p><p>This reaction may be more pronounced in the capital market, and this impact may directly affect stocks.</p><p>As for why Li Auto's sales still increased in June despite the \"news\" in recent months, a Shanghai car owner said it was hard to say, but he also told us one reason for choosing Li Auto:</p><p>Among cars in the 300,000 yuan price range, only Li Auto can get a green license plate.</p><p>Li Xiang's short temper and \"street swearing\" image have also raised concerns among investors. Whether such traffic is beneficial to Ideal's brand image and its high-end development remains to be seen.</p><p>In the future, whether Li Xiang can lead the expanding ideal to reach the $100 billion mark may be key. Of course, what I'm saying has nothing to do with strategy.</p>","source":"lmh","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>If Li Xiang wants to go to Hong Kong, it's time for him to curb his temper.</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\">\nIf Li Xiang wants to go to Hong Kong, it's time for him to curb his temper.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">AI蓝媒汇</strong><span class=\"h-time small\">2021-07-30 22:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Wang Xing is the first \"key gentleman\" of the ideal, and Li Xiang is the second. Last July, Li Auto was listed on Nasdaq. Less than a year later, on July 26, Li Auto passed the listing hearing on the Hong Kong Stock Exchange. Soon after, we will see Li Auto dually list on the Hong Kong Stock Exchange.</p><p>In the hearing materials, founder Li Xiang was described as \"one of the few entrepreneurs in China who has achieved success one after another.\" He previously founded PConline,<a href=\"https://laohu8.com/S/ATHM\">Autohome</a>，<a href=\"https://laohu8.com/S/LI\">Li Auto</a>This is his third entrepreneurial venture. These past successes also \"demonstrate Li Xiang's insight, vision, experience and ability as one of China's best internet product managers\".</p><p>Yes, Li Xiang might be a very capable product manager. After Li Auto went public last year, the market had doubts about Li Auto's range-extended technology architecture. Wang Xing strongly supported Li Xiang on Fanfou with a sales tone, saying:</p><p>I never try to persuade others to \"buy\" the Li Auto ONE. I just suggest that they try the Li Auto ONE, drive it, sit for a while, and experience it for themselves before making a judgment. Some people have never even touched the Li Auto ONE and predict its downfall based solely on so-called industry experience/theory/common sense, haha.</p><p>Of course, Wang Xing himself, Meituan, and Li Auto are now deeply bound together, and Wang Xing is also known as \"Mr. Key to Li Auto\". In the hearing materials, Meituan and Wang Xing occupied two important positions among the four major shareholders of Li Auto:</p><p>Meituan, with a 13.23% stake, holds an ideal 4.21% of the voting rights; Wang Xing holds 6.76% of the shares and has an ideal 2.15% of the voting rights.</p><p><img src=\"https://static.tigerbbs.com/d7f0853225b7fb4cf59ed59e03aa5a29\" tg-width=\"692\" tg-height=\"370\" referrerpolicy=\"no-referrer\"></p><p>Li Xiang himself, as the single largest shareholder of Ideal, holds 23.79% of the shares and 75.74% of the voting rights. When Li Auto was listed on the US stock market, according to the data disclosed in its prospectus, Li Xiang owned 21.0% of Li Auto's shares and 72.7% of its voting rights.</p><p>Among the three emerging car manufacturers, NIO, Xiaoli, and Li Xiang, Li Xiang is the founder with the most \"fan effect\". To this day, Li Bin's<a href=\"https://laohu8.com/S/WB\">Weibo</a>He Xiaopeng has 495,000 followers.<a href=\"https://laohu8.com/S/WB\">Weibo</a>He has 969,000 followers, while Li Xiang's Weibo account has 1.869 million followers.</p><p>Of course, this fan effect may not be so beneficial to Li Auto, such as one of Li Xiang's nicknames:</p><p>The founder of a car company is the first person to curse.</p><p>This nickname is quite interesting; to some extent, it indicates that Li Auto's brand image has been severely damaged.</p><p>For example, in April, May, and July, review experienced three seemingly unrelated events.</p><p>In April, Li Xiang posted a Weibo post, discussing something from a third-party storytelling perspective and asking for guidance from netizens.</p><p><img src=\"https://static.tigerbbs.com/531d871804cbcfa51cc12bb7027912a5\" tg-width=\"719\" tg-height=\"2008\" referrerpolicy=\"no-referrer\"></p><p>The incident stemmed from a female reporter adding an ideal engineer to a social networking site and asking:</p><p>I heard that the ideal in May<a href=\"https://laohu8.com/S/AONE.U\">one</a>The facelifted car is about to be launched, and I'm curious about the changes in the new car. Could you please tell me?</p><p>Because of this question, the female reporter angered the engineer, who countered by asking:</p><p>I'd also like to ask you if your X life is harmonious? I'd also like to ask if any new XX games have been unlocked recently.</p><p>For an ideal employee, \"confidentiality\" naturally has its principles. While making vulgar remarks, this engineer also expressed his resentment:</p><p>All the companies that can speak have made public announcements. Don't ask these kinds of confidential questions to beginners. If someone actually answers you, your readership will increase. Have you thought about the person who provided the information? What are the consequences of leaking secrets that you don't know?</p><p>Of course, this matter is in the past, and there is no need to discuss the rights and wrongs of it too much. In the history of Ideal's development, this is just one insignificant case of its public relations crisis, but this incident was not without ripples. In May, another PR crisis for Ideal was similar to the one mentioned by the aforementioned female reporter.<a href=\"https://laohu8.com/S/AONE.U\">one</a>It is related to the \"facelifted car\".</p><p>At the time, some netizens took to Weibo to protect their rights, posting several banners pasted on the body of the Li Auto ONE, such as:</p><p>Car enthusiasts talk about nostalgia with Li Auto, but Li Auto treats car enthusiasts like fools! Li Auto ONE engages in unscrupulous fraudulent sales and abandons loyal fans!</p><p><img src=\"https://static.tigerbbs.com/e6eb469e68da66b0b9c2534977fae4a4\" tg-width=\"692\" tg-height=\"513\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/155449407a22b4c40e73939c81a8e7de\" tg-width=\"692\" tg-height=\"518\" referrerpolicy=\"no-referrer\"></p><p>The incident stemmed from the release and launch of the new Li Auto ONE on May 25th. In terms of price, the new Li Auto ONE has been priced up by 10,000 yuan, in exchange for upgrades in the hardware, software, and configuration of the driver assistance system.</p><p>The crux of the matter is that many Li Auto users are unaware of this news. Users who have already placed orders or recently received their cars believe that Li Auto's sales team has deceived them. One car owner stated:</p><p>Upgrading is normal, but it's wrong to conceal the need for an upgrade and sell us the old model.</p><p>Some car owners began to speak out through various channels, such as Li Xiang's Weibo, Li Auto APP, car owner groups, and after-sales customer service, but they were ignored and \"removed from the group chat\". After the car owners had \"no way to protect their rights,\" they spontaneously formed a rights protection group, and an Li Auto owner who is a lawyer sent a lawyer's letter to Li Auto. What's really \"outrageous\" is that in the screenshots circulating online, some car owners even expressed their \"big shot\" request to Li Auto's after-sales service:</p><p>You slap Li Xiang for me.</p><p><img src=\"https://static.tigerbbs.com/acadfdf4dde0b88fd6fc23a56725d5a8\" tg-width=\"695\" tg-height=\"612\" referrerpolicy=\"no-referrer\"></p><p>In fact, the damage to the ideal brand is also related to Li Xiang himself. In the past, Li Xiang has been the subject of even more news than expected.</p><p>In July, a car owner posted a video showing that there was suspected mercury in the gaps between the seats of the Li Auto ONE, and the dose was considerable. As a toxic substance, the official explanation given by Li Auto is:</p><p>The Li Auto ONE uses no mercury in its product design, raw material selection, manufacturing, transportation, and delivery processes. The vehicle fully complies with the \"Requirements for Prohibited Substances in Automobiles\" (GB/T 30612-2014) and the EU's requirements for hazardous substances such as ELVs.</p><p><img src=\"https://static.tigerbbs.com/7cb53fd3d2d43aebd55893ee2e05fb44\" tg-width=\"692\" tg-height=\"237\" referrerpolicy=\"no-referrer\"></p><p>However, what got Li Auto deeply involved in the \"mercury scandal\" was not Li Auto's official attitude, but a Weibo post by Li Xiang himself. On July 5, Li Xiang angrily denounced on Weibo:</p><p>Those who spread rumors about us using mercury and the media, may your blood flow with mercury and your minds be filled with mercury!</p><p><img src=\"https://static.tigerbbs.com/2e70a0f678807dac6bdb1c6a7b163488\" tg-width=\"550\" tg-height=\"327\" referrerpolicy=\"no-referrer\"></p><p>Li Xiang posted this Weibo post three times. In the end, Li Xiang deleted the Weibo post.</p><p>This move has also put Li Xiang in the spotlight. In the comments section of Weibo, some netizens commented on Li Xiang as follows:</p><p>They are hypocritical, full of lies, and deceive consumers.</p><p>Frankly speaking, such an image is quite serious for the CEO of a listed company. This isn't the first or second time Li Xiang has lost his temper; he's one of the few CEOs who has criticized the media so directly. If you watched the program \"Winning in China's Blue Skies and Clear Waters\" that Li Xiang participated in in 2013, you should have some understanding of Li Xiang's temperament.</p><p>In this program, at that time as<a href=\"https://laohu8.com/S/ATHM\">Autohome</a>Founder and president Li Xiang, due to insufficient contract preparation, loudly exclaimed on the spot:</p><p>The contract wasn't printed properly, and they want me to print my resume. What are you doing? I'm out of my mind.</p><p><img src=\"https://static.tigerbbs.com/22b1803a41fb098fcf8f0bf2a3fb96f4\" tg-width=\"709\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p><p>After the \"Mercury Gate\" incident, some netizens said that Li Xiang had become arrogant. After experiencing a downturn in the new energy vehicle market, Li Auto has actually delivered a pretty good performance. The hearing materials mentioned that from the start of mass production of the Li Auto ONE in November 2019 until June 30, 2021...<a href=\"https://laohu8.com/S/LI\">Li Auto</a>More than 63,000 Li Auto ONEs were delivered.</p><p>According to a report by Frost & Sullivan, based on sales volume, the Li Auto ONE was rated as China's best-selling new energy SUV in 2020, accounting for 9.7% of the market share. Meanwhile in China<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>It ranked sixth in the automotive market, accounting for 2.8% of the market share; Li Auto Yuzhong<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>The car brand ranked eleventh.</p><p>It is worth noting that in the delivery rankings of emerging electric vehicle manufacturers, Li Auto delivered 4,323 vehicles in May, ranking only fourth. In June, the ideal delivery volume reached 6,565 vehicles, exceeding...<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Only ranked<a href=\"https://laohu8.com/S/NIO\">Nio</a>Below.</p><p>At the same time, Li Auto's revenue figures are also constantly climbing. Li Auto's revenue was RMB 284 million, RMB 9.457 billion and RMB 3.575 billion in 2019, 2020 and the first quarter of 2021, respectively, compared to RMB 852 million in the same period last year.</p><p><img src=\"https://static.tigerbbs.com/d971fd2311c9185d972828dca2646e24\" tg-width=\"692\" tg-height=\"795\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>With such a report card, Li Auto is heading to the Hong Kong stock market.</p><p>Today, the ideal market capitalization has reached $27.84 billion, and the progress bar for the dream of a market capitalization of $100 billion has passed a quarter of the way.</p><p>However, the ideal still faces many problems. In the hearing materials, a key risk factor mentioned by Li Auto is that, to date, Li Auto still relies on a single model for revenue, and the number of models generating revenue is limited in the foreseeable future.</p><p>In some discussions about Li Auto, a car owner said:</p><p>When will the Li Auto TWO be released?</p><p>In addition, the issues facing Li Auto include the impact of the founder's words and actions on the brand, which were not mentioned in the hearing materials.</p><p>We consulted some car owners, and one Li Auto owner said:</p><p>The key is the car; as long as it's easy to drive, that's fine.</p><p>When asked about past Li Auto and some \"news\" about Li Xiang, the car owner, who also recommended Li Auto to others on Weibo, said he was unaware of it.</p><p>However, some consumers also said that certain comments made them waver whether to choose Li Auto when buying their \"first car\".</p><p>This reaction may be more pronounced in the capital market, and this impact may directly affect stocks.</p><p>As for why Li Auto's sales still increased in June despite the \"news\" in recent months, a Shanghai car owner said it was hard to say, but he also told us one reason for choosing Li Auto:</p><p>Among cars in the 300,000 yuan price range, only Li Auto can get a green license plate.</p><p>Li Xiang's short temper and \"street swearing\" image have also raised concerns among investors. Whether such traffic is beneficial to Ideal's brand image and its high-end development remains to be seen.</p><p>In the future, whether Li Xiang can lead the expanding ideal to reach the $100 billion mark may be key. Of course, what I'm saying has nothing to do with strategy.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/1S3hOTihp9jJ6dlJx80c0A\">AI蓝媒汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8843ee5d72c93e2911b6a263ef27f796","relate_stocks":{"LI":"理想汽车","02015":"理想汽车-W"},"source_url":"https://mp.weixin.qq.com/s/1S3hOTihp9jJ6dlJx80c0A","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103612914","content_text":"王兴是理想的第一个“关键先生”，李想则是第二个。\n\n去年7月，理想登陆纳斯达克。时间不到一年，7月26日，理想通过港交所上市聆讯，不久之后，我们将看到理想在港股双重上市。\n在聆讯材料中，创始人李想被称为“中国为数不多接连取得成功的创业家”，他曾先后创立泡泡网、汽车之家，理想汽车是其第三次创业。过去的这些成功经历，也都“彰显出李想作为中国最佳互联网产品经理之一的洞见、视野、经验及能力”。\n是的，李想可能是一个很牛的产品经理。去年理想上市后，市场曾对理想增程式技术架构有质疑，王兴在饭否上带着点推销的意思力挺李想，说：\n我从来不试图说服别人“买”理想ONE，我只是建议他们试一下理想ONE，开一开，坐一坐，自己感受一下再做判断。有些人碰都没碰过理想ONE，仅凭所谓行业经验/理论/常识就直接唱衰，呵呵。\n当然，王兴本人和美团现在和理想都是深度绑定的关系，王兴也被称作“理想的关键先生”。在聆讯材料中，理想的4个主要股东，美团和王兴就占据了两个重要位置：\n美团以13.23%的股权，拥有理想4.21%的投票权；王兴以6.76%的股权，拥有理想2.15%的投票权。\n\n李想本人则作为理想的单一大股东，以23.79%的股权，拥有理想75.74%的投票权。当初理想在美股上市时，根据其招股书中披露的数据，当时李想拥有理想21.0%的股权、72.7%的投票权。\n在“蔚小理”三家造车新势力中，李想是最具有“粉丝效应”的一位创始人。时至今日，李斌的微博有49.5万粉丝，何小鹏的微博有96.9万粉丝，而李想的微博，则有186.9万粉丝。\n当然，这种粉丝效应对理想可能并没有那么利好，比如李想的一个外号：\n车企创始人骂街第一人。\n这个外号很有意思，一定程度上表明了理想这家企业，其品牌形象已受损严重。\n比如我们复盘下4月、5月、7月，理想分别发生了三件看起来没什么关联的事。\n4月份时，李想发了一条微博，以第三者讲故事的角度，谈了一件事，并请求网友赐教。\n\n事件的起因，源于一位女记者从某人脉网站上加了一位理想的工程师，并问了一句：\n听说5月份理想one的改款车就要上市了，比较好奇新车都有哪些变化，可否请教一下？\n因为这个问题，该女记者惹恼了这位工程师，他反问道：\n我也想和你请教一下你的X生活和谐吗？最近有没有解锁什么新XX，也想和你请教一下。\n对于理想的员工来说，“保密”工作自然有其原则性，这位工程师在发表粗俗言论的同时，也表达了自己的怨气：\n能说的公司都对外宣布了，这种涉密的问题不要再找小白问了，真有人回答了你们，你们阅读量是上去了，想过提供信息的人吗？泄漏机密什么后果你不清楚？\n当然，这件事已经过去了，其中是非也不用太多讨论了。在理想的发展史中，这只是其公关危机案例中不起眼的一件，但这件事情也并非没有涟漪，5月份时，理想的另一场公关危机，就跟上述女记者提到的“理想one的改款车”有关。\n当时，有网友在微博上维权，发布多张在理想ONE车身上贴着的各种横幅，比如：\n车友跟理想谈情怀，理想把车友当傻子！理想ONE没有良心的欺诈销售，抛弃忠实粉丝！\n\n这起事件的起因是5月25日，理想发布并上市了新款理想ONE。从售价看，新款理想ONE售价上调了1万元，换来的是辅助驾驶系统软硬件和配置上的升级。\n问题的关键在于，不少的理想用户并不知道这一消息，已经订车以及提车不久的用户认为理想的销售欺骗了他们，有车主表示：\n升级换代很正常，但是隐瞒要升级换代，把旧款卖给我们就不对。\n有车主们开始通过各种渠道去发声，譬如在李想的微博、理想APP、车主群以及售后客服，但却经历了不理会以及“被移出群聊”等操作。在车主们“维权无门”后，他们自发组建维权群，并由一名律师职业的理想车主，送给了理想一发律师函。很“过分”的是，在网上流传的截图中，甚至有车主向理想的售后表达了自己一个很“大爷”的诉求：\n你帮我扇李想。\n\n事实上，理想的品牌受损，跟李想本人也有一定的关系。在过去的新闻中，李想身上的新闻点甚至比理想还要多。\n7月份时，有车主发布视频显示，理想ONE的座椅缝隙间疑似有水银，而且剂量可观。作为一种有毒物质，理想官方给出的解释是：\n理想ONE在产品设计、原材料选择、生产制造、运输及交付环节均未使用到水银，车辆完全符合《汽车禁用物质要求》（GB/T 30612-2014）及欧盟ELV等有害物质相关要求。\n\n但让理想深陷“水银门”事件的，却并非理想官方的态度，而是李想本人的一条微博。7月5日，李想在微博怒斥：\n造谣我们用水银的人和媒体，祝愿你们血液里流动着汞，脑子里装满了汞！\n\n这条微博，李想发了三遍。最后，这条微博还是被李想删掉了。\n这波操作，也将李想推上风口浪尖。微博的评论区中，有网友这样评价李想：\n道貌岸然、满嘴谎言、欺瞒消费者。\n这样的形象，对于一家上市企业的CEO，坦白说，很严重了。李想发脾气其实不是一次两次了，他也是少有的非常直性子地骂媒体的一位CEO。如果你看过李想在2013年参加的一档《赢在中国蓝天碧水间》的节目，应该能对李想的脾气有所了解。\n在这档节目中，彼时作为汽车之家创始人兼总裁的李想，因为合同准备不足，扯着嗓门现场发飙说：\n合同没打印好，还要我打印简历，在干什么，脑袋进水了。\n\n“水银门”事件后，有网友说李想膨胀了。经历过新能源汽车的低谷期后，理想交的成绩单其实还不错。在本次聆讯资料中提到，从2019年11月量产理想ONE，截至到2021年6月30日，理想汽车交付逾63000辆理想ONE。\n根据灼识咨询报告，按销量统计，理想ONE于2020年被评为中国最畅销的新能源SUV车型，占市场份额9.7%；同时于中国新能源汽车市场排名第六，占市场份额2.8%；理想汽车于中国新能源汽车品牌排名第十一。\n值得注意的是，在造车新势力的交付排行榜中，5月份时，理想的交付量为4323辆，仅排在第四。6月份时，理想的交付量就到了6565辆，超过了小鹏汽车，仅排在蔚来之下。\n与此同时，理想营收数据也在不断地爬台阶。理想2019年、2020年以及2021年第一季度的营收分别为2.84亿元、94.57亿元和35.75亿元，去年同期，这个数据还是8.52亿元。\n\n带着这样一份成绩单，理想要奔赴港股了。\n今天，理想的市值已经到了278.4亿美元，千亿美元市值梦的进度条已经走过了四分之一。\n但理想仍然面临着诸多问题。在聆讯资料中，理想提到的风险因素，很关键的一条是，截止到目前，理想仍然依赖单一车型带来收入，而且在可预见的未来，带来收入的车型数量有限。\n在关于理想的一些讨论中，有车主说：\n理想TWO什么时候出？\n除此之外，理想面临的问题还包括未在聆讯资料中提及的，关于创始人的言行对品牌的影响。\n我们咨询了一些车主，有理想车主表示：\n重点还是在于车，好开就行了。\n在提及过往理想以及李想的一些“新闻”时，这位在微博上还安利别人买理想的车主表示并不知晓。\n但同时，也有消费者表示，因为某些言论，使他在购买“人生第一台车”时是否选择理想产生了动摇。\n在资本市场，这种反应可能更明显，这种影响，可能会直接作用在股票上。\n至于为何在这几个月的“新闻”中，理想的销量在6月份仍然实现了上涨，一位上海的车主表示不好说，但他同时告诉我们选择理想的一个原因：\n在30万价位的车中，只有理想能上绿牌。\n李想本人的暴脾气以及“骂街”形象，也不由地让投资者引起担忧，这样的流量对理想品牌形象以及对理想的高端化是否有利也有待商榷。\n未来，能否带领膨胀的理想迈入千亿美元大关，李想可能是关键。当然，我说的跟战略无关。","news_type":1,"symbols_score_info":{"LI":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":6690,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174191324,"gmtCreate":1627084343368,"gmtModify":1703483842451,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/174191324","repostId":"1129536436","repostType":4,"isVote":1,"tweetType":1,"viewCount":6127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178293811,"gmtCreate":1626822496433,"gmtModify":1703765699065,"author":{"id":"3586848937578320","authorId":"3586848937578320","name":"落难二世祖","avatar":"https://static.tigerbbs.com/cb021fe780dc1f0c756b8d6a5b689c14","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586848937578320","authorIdStr":"3586848937578320"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/178293811","repostId":"2152686859","repostType":4,"repost":{"id":"2152686859","kind":"news","pubTimestamp":1626795361,"share":"https://ttm.financial/m/news/2152686859?lang=en_US&edition=fundamental","pubTime":"2021-07-20 23:36","market":"hk","language":"zh","title":"Spin off businesses to accelerate transformation! Can GlaxoSmithKline successfully break through this predicament?","url":"https://stock-news.laohu8.com/highlight/detail?id=2152686859","media":"医药魔方","summary":"2021年对于葛兰素史克来说显得有些艰难，在加速转型的路上，GSK也不可避免地经历阵痛期。\nGSK 2020年的财报其实就显示出了一定的颓势，全年营收为340.99亿英镑，同比增长仅仅为1%，此外在制","content":"<p>2021 for<a href=\"https://laohu8.com/S/GSK\">GlaxoSmithKline</a>It seems somewhat difficult, and on the road to accelerating transformation, GSK will inevitably experience a period of growing pains.</p><p>GSK's 2020 financial report actually showed a certain downward trend, with annual revenue of 34.099 billion pounds, a year-on-year increase of only 1%. In addition, revenue from pharmaceutical and vaccine businesses both showed varying degrees of decline. Entering 2021, GSK's first-quarter performance was still somewhat dismal, with total revenue of £7.418 billion, a year-on-year decline of 18%. For a long-established powerhouse MNC, this result seems a bit unreasonable. In particular, GSK's vaccine business sales in the first quarter were only 1.2 billion pounds, a year-on-year decline of nearly 32%, while two years ago GSK's vaccine business revenue ranked first in the world.</p><p><img src=\"https://static.tigerbbs.com/49db1b7ede2237c7045d9671b5461350\" tg-width=\"720\" tg-height=\"391\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Image source: GSK Q1 2021 financial report</p><p>In early June this year, PharmExec (American Pharmaceutical Manager Magazine) announced the 2021 TOP50 list of global pharmaceutical companies. GSK ranked ninth. Although GSK's ranking has been relatively stable in the past three years, from the overall and core product sales, the situation is hard to say optimistic. From the ranking of pharmaceutical companies in the past three years, it can be seen that the gap between GSK and leading pharmaceutical companies is further widening. In 2018, the sales gap was basically the same as the previous one, and by 2020, it was directly left behind by the previous one. Sales of more than 5 billion US dollars, in addition, in the past two years, the sales gap between GSK and the pharmaceutical companies ranked behind is also further narrowing. In 2020, GSK's highest-selling drug was the HIV-1 infection drug Triumeq. Although sales reached 2.96 billion US dollars, it fell by 8.7% year-on-year. Sales in the first quarter of this year fell by 23% year-on-year. With the fierce impact of Gilead, the prospects for the drug's market share also appear somewhat precarious.</p><p>TOP10 global pharmaceutical companies (sales: 100 million US dollars)</p><p><img src=\"https://static.tigerbbs.com/3af8fbdca54d47d99c31dfe2d6d6e7b7\" tg-width=\"720\" tg-height=\"827\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Note: The data is compiled from the Medical Rubik's Cube, and the sales revenue is the previous year.</p><p>With 2021 already more than halfway through, whether GSK can successfully stop its decline and make a comeback in the second half of the year and even in the future, judging from the signals currently released by GSK, the day when it will see the sun may not be far away.</p><p>1. Can revenue growth continue over the next ten years after spinning off the business?</p><p>When talking about GSK, we have to mention its current head-Emma Walmsley. Since becoming CEO of GSK in 2016, with the halo of being the first female CEO in GSK's history, Walmsley has been leading GSK on the road of transformation. Faced with a decline in business, Walmsley recently announced GSK's operational and R&D plans for the next ten years. An important part of this is that it is expected that in mid-2022, GSK's consumer health division will be separated into an independent company, and the spun-off new GSK will focus on the development of innovative vaccines and drugs.</p><p>The road to transformation is inevitably fraught with doubts, and capital forces, represented by the capital giant Elliott Management, are already voicing their doubts. Elliott stated that Walmsley, who had no scientific background, was giving blind orders and even called for Walmsley's direct dismissal. However, GSK's board of directors still firmly stood by its leader, stating that under Walmsley's leadership, GSK could achieve leapfrog development through spin-offs and long-term future planning.</p><p>In Walmsley's plan, after GSK is split in two, the independent pharmaceutical segment will maintain continuous growth in the next ten years. By 2031, the revenue of the independent pharmaceutical business will reach 46 billion US dollars, of which the operating profit in the next five years will continue to grow by more than 10%. After the spin-off, the new GSK will focus more on the development of infectious diseases, HIV, tumors and immune/respiratory drugs.</p><p>As GSK's traditional strength business, consumer healthcare brought in more than $13 billion in revenue last year. Its performance after the spin-off was unanimously favored by Walmsley and the board of directors. GSK's move to spin off the consumer healthcare business, which has an annual revenue of more than $10 billion and is still growing, has also been controversial. Some analysts believe that GSK's core purpose may be to broaden financing channels, demand higher valuations, and improve operational efficiency.</p><p>From a single-core to a twin-star model, GSK has made tremendous attempts for its development over the next decade. Walmsley and its partners, who are under enormous pressure, are bound to face more challenges. Their bold statements have been recorded, and time will tell.</p><p>2 Can GSK catch up with the successive introduction of new products?</p><p>After announcing the ten-year plan, GSK successively sounded the charge on the road to transformation.</p><p>Recently, GSK and Alector jointly announced that the two companies have reached a global strategic cooperation. GSK spent 2.2 billion US dollars to obtain two potential \"first-in-class\" monoclonal antibody drugs AL001 and AL101 in the clinical stage. The joint development rights of AL101, these two drugs will be used to develop and treat a number of neurodegenerative diseases including amyotrophic lateral sclerosis, Parkinson's disease and Alzheimer's disease.</p><p>This move is also seen as GSK's layout of one of the most attractive gene validation targets in current new immunoneurological treatment methods. It is not difficult to see from GSK's layout in the immune track that it attaches great importance to immune drugs. In the past 2020, Nucala and Trelegy Ellipta have grown into blockbuster drugs for their respective indications. Nucala is the world's first anti-IL5 monoclonal antibody drug for the treatment of eosinophilic asthma. It has breakthrough significance in the expansion of multiple indications, and its sales in 2020 also reached 1.284 billion US dollars. It is worth mentioning that Nucala's sales reached $352 million in the first quarter of this year, a year-on-year increase of 21%, and are expected to continue to grow in the future. Another drug, Trelegy Ellipta, as the first triple inhalation preparation approved for both COPD and asthma, exceeded the billion-dollar mark in sales for the first time in 2020, with a growth rate of 60%.</p><p>In addition, Benlysta (beliumab), as the first new drug for systemic lupus erythematosus (SLE) to be launched in 50 years, also saw sales approaching the blockbuster threshold in 2020. On December 17, 2020, Benlysta was approved by the FDA for the treatment of lupus nephritis, a serious complication of SLE. It became the first drug approved by the FDA for the treatment of lupus nephritis. In addition, it was included in the national medical insurance catalog. Benlysta's sales revenue maintained high double-digit growth (18%) in the first quarter of 2021. With many halos, Benlysta will undoubtedly become a powerful player under GSK in this sector.</p><p>It is not difficult to see that with drugs such as Nucala, Trelegy Ellipta and Benlysta at the forefront, plus GSK currently has more than 20 drugs that have entered Phase III clinical trials, the competitiveness of the first and substitute players should not be underestimated. Immune drugs will become one of the pillars supporting GSK's business growth in the future.</p><p>In terms of anti-tumor drugs, GSK has obviously also accelerated its layout. Also last month, GSK introduced a TIGIT monoclonal antibody drug with up to 2 billion US dollars. As a popular target after PD-1/PD-L1 and CTLA-4, TIGIT has also attracted a number of pharmaceutical giants to lay out, but so far no products for this target have been approved. Since only one PD-1 product has been approved this year, GSK, which has been clearly left behind by dozens of positions in the PD-1 track, has also set its sights on this rising star. In the future, GSK will cooperate with Roche,<a href=\"https://laohu8.com/S/MRK\">Merck</a>Old rivals such as BMS continue to fight each other.</p><p>Previously, GSK acquired Tesaro for a sky-high price of US$5.1 billion and obtained the development rights of Zejula (niraparib). As the only PARP inhibitor that only needs to be taken orally once a day, Zejula's performance in 2020 also lived up to expectations, achieving nearly 50% growth, and reached sales of US$122 million in the first quarter of 2021, a year-on-year increase of 10%. Another drug, Blenrep, as the world's first BCMA (B cell maturation antigen) targeted therapy, has achieved sales of 43 million US dollars in clinical last-line therapy applications in just 5 months, and the future prospects are relatively optimistic.</p><p>Although GSK only returned to the oncology drug market in 2016 for various reasons, judging from its layout in recent years, GSK seems to be somewhat hesitant in its layout of oncology drugs. This is why it currently does not have a truly leading global blockbuster drug. After introducing a number of products to expand its pipeline, GSK will have more confidence to challenge other competitors.</p><p>3 With a new generation of therapies, can GSK successfully challenge Gilead's HIV dominance?</p><p>Data shows that the global HIV drug market exceeded 27 billion US dollars in 2020. In this vast market, Gilead is currently the undisputed dominant player, occupying 62% of the global HIV market share. Biktarvy, a blockbuster product developed by Gilead, was in the spotlight for a while. In the second year of its listing, it reached sales of 7.3 billion US dollars and jumped to become the king of HIV drugs. As a veteran HIV player, GSK has been firmly occupying the second place in recent years. Although it was impacted by Biktarvy, which led to a decline in the growth rate of GSK's HIV drug sales, its developed Triumeq and Tivicay still delivered a good report card last year, with sales reaching 2.98 billion and 1.97 billion US dollars respectively.</p><p><img src=\"https://static.tigerbbs.com/dfafd99b115f924f68a1cf5050d6dff2\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Image source:<a href=\"https://laohu8.com/S/SINA\">Sina</a>Medicine</p><p>So in the future, will GSK have the opportunity to challenge Gilead's dominant position in the field of HIV? Of course it's possible.</p><p>One of the major reasons is that GSK has successfully developed Cabenuva, which is currently the first and only long-acting drug that can completely treat HIV-1 infection, which can be administered once a month. In other words, Cabenuva has completed a historic breakthrough in HIV patients from oral treatment 365 days a year to injection once a month, that is, only 12 days of injection treatment a year. Although Gilead also has various layouts in long-acting HIV drug administration, GSK has obviously taken the initiative in the new generation of HIV therapy. According to GSK's prediction, Cabenuva's sales will reach 7 billion US dollars in the next few years. It also confidently stated that GSK is currently at least five years ahead of other competitors in the new generation of long-acting drug administration.</p><p>4. With bad luck, will GSK be able to catch the next train for the COVID-19 vaccine?</p><p>As one of the world's largest vaccine manufacturers, GSK's development of its COVID-19 vaccine has been full of twists and turns.</p><p>Despite previously<a href=\"https://laohu8.com/S/0O59.UK\">Sanofi</a>They jointly announced the development of an adjuvanted recombinant protein COVID-19 vaccine, but unfortunately, due to the unsatisfactory results of the vaccine's mid-term study in Phase 1/2 last year, the two parties had no choice but to announce the postponement of the trial plan until May of this year. They jointly announced the restart and began Phase III clinical trials. To make matters worse, the cooperation between GSK and CureVac has made matters worse. On June 17, CureVac announced that the second interim analysis results of its mRNA novel coronavirus vaccine candidate Phase 2b/3 study showed that the effectiveness was only 47%. This undoubtedly gave GSK another blow.</p><p>In<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>While Moderna is making a fortune from its COVID-19 vaccine, GSK doesn't even have the right to drink soup right now. However, there is always a way out. The adjuvant recombinant protein COVID-19 vaccine previously jointly developed by GSK and Sanofi has gone smoothly after restarting clinical trials and may be launched before the end of the year. Bogillot, chairman of Sanofi France, also made an optimistic prediction, saying that although it entered the field late, the vaccine may be very effective in France and overseas. He also said: \"With the emergence of variant viruses, we must achieve a very high level of herd immunity.\" In addition, the neutralizing antibody therapy VIR-7831 jointly developed by GSK and Vir Biotechnology has good clinical trial results in the treatment of early COVID-19 patients, and the two companies have submitted an emergency use authorization application to the US FDA.</p><p>Although it has missed the best time to get on board, as the only company identified by the WHO to develop drugs and vaccines for the three major global diseases (malaria, AIDS and tuberculosis), GSK still does not need to worry too much about the commercialization and production capacity of vaccines. As an important piece on the road to future transformation, how Walmsley will lead her team to catch up and play carefully in these three tracks will also trouble her for some time.</p><p>5 Summary</p><p>Regardless of whether there is doubt or not, GSK's transformation path has indeed officially begun. There is a saying in the ancient East: \"When you are in trouble, you will change; when you change, you will prosper; when you prosper, you will last.\" This is applicable to GSK at this moment. In the predicament of continued decline in business, such changes are indeed needed to inject new vitality into GSK. Although there are no results to prove that \"change leads to success\" in the short term, it is encouraging that Walmsley is leading GSK to try to get out of the fog. The ten-year plan is long. Perhaps Walmsley will be dismissed after a year. Perhaps in three years, Walmsley has led GSK to complete the transformation... No one can predict the future, and we will wait and see.</p>","source":"lsy1571747680734","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>Spin off businesses to accelerate transformation! Can GlaxoSmithKline successfully break through this predicament?</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\">\nSpin off businesses to accelerate transformation! Can GlaxoSmithKline successfully break through this predicament?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">医药魔方</strong><span class=\"h-time small\">2021-07-20 23:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>2021 for<a href=\"https://laohu8.com/S/GSK\">GlaxoSmithKline</a>It seems somewhat difficult, and on the road to accelerating transformation, GSK will inevitably experience a period of growing pains.</p><p>GSK's 2020 financial report actually showed a certain downward trend, with annual revenue of 34.099 billion pounds, a year-on-year increase of only 1%. In addition, revenue from pharmaceutical and vaccine businesses both showed varying degrees of decline. Entering 2021, GSK's first-quarter performance was still somewhat dismal, with total revenue of £7.418 billion, a year-on-year decline of 18%. For a long-established powerhouse MNC, this result seems a bit unreasonable. In particular, GSK's vaccine business sales in the first quarter were only 1.2 billion pounds, a year-on-year decline of nearly 32%, while two years ago GSK's vaccine business revenue ranked first in the world.</p><p><img src=\"https://static.tigerbbs.com/49db1b7ede2237c7045d9671b5461350\" tg-width=\"720\" tg-height=\"391\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Image source: GSK Q1 2021 financial report</p><p>In early June this year, PharmExec (American Pharmaceutical Manager Magazine) announced the 2021 TOP50 list of global pharmaceutical companies. GSK ranked ninth. Although GSK's ranking has been relatively stable in the past three years, from the overall and core product sales, the situation is hard to say optimistic. From the ranking of pharmaceutical companies in the past three years, it can be seen that the gap between GSK and leading pharmaceutical companies is further widening. In 2018, the sales gap was basically the same as the previous one, and by 2020, it was directly left behind by the previous one. Sales of more than 5 billion US dollars, in addition, in the past two years, the sales gap between GSK and the pharmaceutical companies ranked behind is also further narrowing. In 2020, GSK's highest-selling drug was the HIV-1 infection drug Triumeq. Although sales reached 2.96 billion US dollars, it fell by 8.7% year-on-year. Sales in the first quarter of this year fell by 23% year-on-year. With the fierce impact of Gilead, the prospects for the drug's market share also appear somewhat precarious.</p><p>TOP10 global pharmaceutical companies (sales: 100 million US dollars)</p><p><img src=\"https://static.tigerbbs.com/3af8fbdca54d47d99c31dfe2d6d6e7b7\" tg-width=\"720\" tg-height=\"827\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Note: The data is compiled from the Medical Rubik's Cube, and the sales revenue is the previous year.</p><p>With 2021 already more than halfway through, whether GSK can successfully stop its decline and make a comeback in the second half of the year and even in the future, judging from the signals currently released by GSK, the day when it will see the sun may not be far away.</p><p>1. Can revenue growth continue over the next ten years after spinning off the business?</p><p>When talking about GSK, we have to mention its current head-Emma Walmsley. Since becoming CEO of GSK in 2016, with the halo of being the first female CEO in GSK's history, Walmsley has been leading GSK on the road of transformation. Faced with a decline in business, Walmsley recently announced GSK's operational and R&D plans for the next ten years. An important part of this is that it is expected that in mid-2022, GSK's consumer health division will be separated into an independent company, and the spun-off new GSK will focus on the development of innovative vaccines and drugs.</p><p>The road to transformation is inevitably fraught with doubts, and capital forces, represented by the capital giant Elliott Management, are already voicing their doubts. Elliott stated that Walmsley, who had no scientific background, was giving blind orders and even called for Walmsley's direct dismissal. However, GSK's board of directors still firmly stood by its leader, stating that under Walmsley's leadership, GSK could achieve leapfrog development through spin-offs and long-term future planning.</p><p>In Walmsley's plan, after GSK is split in two, the independent pharmaceutical segment will maintain continuous growth in the next ten years. By 2031, the revenue of the independent pharmaceutical business will reach 46 billion US dollars, of which the operating profit in the next five years will continue to grow by more than 10%. After the spin-off, the new GSK will focus more on the development of infectious diseases, HIV, tumors and immune/respiratory drugs.</p><p>As GSK's traditional strength business, consumer healthcare brought in more than $13 billion in revenue last year. Its performance after the spin-off was unanimously favored by Walmsley and the board of directors. GSK's move to spin off the consumer healthcare business, which has an annual revenue of more than $10 billion and is still growing, has also been controversial. Some analysts believe that GSK's core purpose may be to broaden financing channels, demand higher valuations, and improve operational efficiency.</p><p>From a single-core to a twin-star model, GSK has made tremendous attempts for its development over the next decade. Walmsley and its partners, who are under enormous pressure, are bound to face more challenges. Their bold statements have been recorded, and time will tell.</p><p>2 Can GSK catch up with the successive introduction of new products?</p><p>After announcing the ten-year plan, GSK successively sounded the charge on the road to transformation.</p><p>Recently, GSK and Alector jointly announced that the two companies have reached a global strategic cooperation. GSK spent 2.2 billion US dollars to obtain two potential \"first-in-class\" monoclonal antibody drugs AL001 and AL101 in the clinical stage. The joint development rights of AL101, these two drugs will be used to develop and treat a number of neurodegenerative diseases including amyotrophic lateral sclerosis, Parkinson's disease and Alzheimer's disease.</p><p>This move is also seen as GSK's layout of one of the most attractive gene validation targets in current new immunoneurological treatment methods. It is not difficult to see from GSK's layout in the immune track that it attaches great importance to immune drugs. In the past 2020, Nucala and Trelegy Ellipta have grown into blockbuster drugs for their respective indications. Nucala is the world's first anti-IL5 monoclonal antibody drug for the treatment of eosinophilic asthma. It has breakthrough significance in the expansion of multiple indications, and its sales in 2020 also reached 1.284 billion US dollars. It is worth mentioning that Nucala's sales reached $352 million in the first quarter of this year, a year-on-year increase of 21%, and are expected to continue to grow in the future. Another drug, Trelegy Ellipta, as the first triple inhalation preparation approved for both COPD and asthma, exceeded the billion-dollar mark in sales for the first time in 2020, with a growth rate of 60%.</p><p>In addition, Benlysta (beliumab), as the first new drug for systemic lupus erythematosus (SLE) to be launched in 50 years, also saw sales approaching the blockbuster threshold in 2020. On December 17, 2020, Benlysta was approved by the FDA for the treatment of lupus nephritis, a serious complication of SLE. It became the first drug approved by the FDA for the treatment of lupus nephritis. In addition, it was included in the national medical insurance catalog. Benlysta's sales revenue maintained high double-digit growth (18%) in the first quarter of 2021. With many halos, Benlysta will undoubtedly become a powerful player under GSK in this sector.</p><p>It is not difficult to see that with drugs such as Nucala, Trelegy Ellipta and Benlysta at the forefront, plus GSK currently has more than 20 drugs that have entered Phase III clinical trials, the competitiveness of the first and substitute players should not be underestimated. Immune drugs will become one of the pillars supporting GSK's business growth in the future.</p><p>In terms of anti-tumor drugs, GSK has obviously also accelerated its layout. Also last month, GSK introduced a TIGIT monoclonal antibody drug with up to 2 billion US dollars. As a popular target after PD-1/PD-L1 and CTLA-4, TIGIT has also attracted a number of pharmaceutical giants to lay out, but so far no products for this target have been approved. Since only one PD-1 product has been approved this year, GSK, which has been clearly left behind by dozens of positions in the PD-1 track, has also set its sights on this rising star. In the future, GSK will cooperate with Roche,<a href=\"https://laohu8.com/S/MRK\">Merck</a>Old rivals such as BMS continue to fight each other.</p><p>Previously, GSK acquired Tesaro for a sky-high price of US$5.1 billion and obtained the development rights of Zejula (niraparib). As the only PARP inhibitor that only needs to be taken orally once a day, Zejula's performance in 2020 also lived up to expectations, achieving nearly 50% growth, and reached sales of US$122 million in the first quarter of 2021, a year-on-year increase of 10%. Another drug, Blenrep, as the world's first BCMA (B cell maturation antigen) targeted therapy, has achieved sales of 43 million US dollars in clinical last-line therapy applications in just 5 months, and the future prospects are relatively optimistic.</p><p>Although GSK only returned to the oncology drug market in 2016 for various reasons, judging from its layout in recent years, GSK seems to be somewhat hesitant in its layout of oncology drugs. This is why it currently does not have a truly leading global blockbuster drug. After introducing a number of products to expand its pipeline, GSK will have more confidence to challenge other competitors.</p><p>3 With a new generation of therapies, can GSK successfully challenge Gilead's HIV dominance?</p><p>Data shows that the global HIV drug market exceeded 27 billion US dollars in 2020. In this vast market, Gilead is currently the undisputed dominant player, occupying 62% of the global HIV market share. Biktarvy, a blockbuster product developed by Gilead, was in the spotlight for a while. In the second year of its listing, it reached sales of 7.3 billion US dollars and jumped to become the king of HIV drugs. As a veteran HIV player, GSK has been firmly occupying the second place in recent years. Although it was impacted by Biktarvy, which led to a decline in the growth rate of GSK's HIV drug sales, its developed Triumeq and Tivicay still delivered a good report card last year, with sales reaching 2.98 billion and 1.97 billion US dollars respectively.</p><p><img src=\"https://static.tigerbbs.com/dfafd99b115f924f68a1cf5050d6dff2\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Image source:<a href=\"https://laohu8.com/S/SINA\">Sina</a>Medicine</p><p>So in the future, will GSK have the opportunity to challenge Gilead's dominant position in the field of HIV? Of course it's possible.</p><p>One of the major reasons is that GSK has successfully developed Cabenuva, which is currently the first and only long-acting drug that can completely treat HIV-1 infection, which can be administered once a month. In other words, Cabenuva has completed a historic breakthrough in HIV patients from oral treatment 365 days a year to injection once a month, that is, only 12 days of injection treatment a year. Although Gilead also has various layouts in long-acting HIV drug administration, GSK has obviously taken the initiative in the new generation of HIV therapy. According to GSK's prediction, Cabenuva's sales will reach 7 billion US dollars in the next few years. It also confidently stated that GSK is currently at least five years ahead of other competitors in the new generation of long-acting drug administration.</p><p>4. With bad luck, will GSK be able to catch the next train for the COVID-19 vaccine?</p><p>As one of the world's largest vaccine manufacturers, GSK's development of its COVID-19 vaccine has been full of twists and turns.</p><p>Despite previously<a href=\"https://laohu8.com/S/0O59.UK\">Sanofi</a>They jointly announced the development of an adjuvanted recombinant protein COVID-19 vaccine, but unfortunately, due to the unsatisfactory results of the vaccine's mid-term study in Phase 1/2 last year, the two parties had no choice but to announce the postponement of the trial plan until May of this year. They jointly announced the restart and began Phase III clinical trials. To make matters worse, the cooperation between GSK and CureVac has made matters worse. On June 17, CureVac announced that the second interim analysis results of its mRNA novel coronavirus vaccine candidate Phase 2b/3 study showed that the effectiveness was only 47%. This undoubtedly gave GSK another blow.</p><p>In<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>While Moderna is making a fortune from its COVID-19 vaccine, GSK doesn't even have the right to drink soup right now. However, there is always a way out. The adjuvant recombinant protein COVID-19 vaccine previously jointly developed by GSK and Sanofi has gone smoothly after restarting clinical trials and may be launched before the end of the year. Bogillot, chairman of Sanofi France, also made an optimistic prediction, saying that although it entered the field late, the vaccine may be very effective in France and overseas. He also said: \"With the emergence of variant viruses, we must achieve a very high level of herd immunity.\" In addition, the neutralizing antibody therapy VIR-7831 jointly developed by GSK and Vir Biotechnology has good clinical trial results in the treatment of early COVID-19 patients, and the two companies have submitted an emergency use authorization application to the US FDA.</p><p>Although it has missed the best time to get on board, as the only company identified by the WHO to develop drugs and vaccines for the three major global diseases (malaria, AIDS and tuberculosis), GSK still does not need to worry too much about the commercialization and production capacity of vaccines. As an important piece on the road to future transformation, how Walmsley will lead her team to catch up and play carefully in these three tracks will also trouble her for some time.</p><p>5 Summary</p><p>Regardless of whether there is doubt or not, GSK's transformation path has indeed officially begun. There is a saying in the ancient East: \"When you are in trouble, you will change; when you change, you will prosper; when you prosper, you will last.\" This is applicable to GSK at this moment. In the predicament of continued decline in business, such changes are indeed needed to inject new vitality into GSK. Although there are no results to prove that \"change leads to success\" in the short term, it is encouraging that Walmsley is leading GSK to try to get out of the fog. The ten-year plan is long. Perhaps Walmsley will be dismissed after a year. Perhaps in three years, Walmsley has led GSK to complete the transformation... No one can predict the future, and we will wait and see.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/hkstock/hkstocknews/2021-07-17/doc-ikqciyzk5966442.shtml\">医药魔方</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/85675909dc6c67ee0181339c18bcfdff","relate_stocks":{"GSK":"葛兰素史克","GSK.UK":"葛兰素史克"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/hkstock/hkstocknews/2021-07-17/doc-ikqciyzk5966442.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152686859","content_text":"2021年对于葛兰素史克来说显得有些艰难，在加速转型的路上，GSK也不可避免地经历阵痛期。\nGSK 2020年的财报其实就显示出了一定的颓势，全年营收为340.99亿英镑，同比增长仅仅为1%，此外在制药和疫苗业务收入均呈现了不同程度的下跌。进入2021年，GSK第一季度业绩依然有些惨淡，总营收为74.18亿英镑，同比下滑了18%，对于一个老牌豪强MNC来说，这个成绩似乎有点儿说不过去。尤其是GSK的疫苗业务一季度销售额仅仅有12亿英镑，同比下滑近32%，而两年前GSK的疫苗业务收入还位居全球第一。\n图源：GSK 2021年Q1财报\n今年6月初，PharmExec（美国制药经理人杂志）公布了2021年全球制药企业TOP50榜单，GSK排在第九位，尽管近三年以来GSK的排名较为稳定，然而从总体以及核心产品的销售额来看，形势难言乐观。从近三年来的药企排名可以看出，GSK和头部药企的差距正在进一步拉大，在2018年还和前一位销售额差距基本持平的情况下，到了2020年直接被前一名甩开了超过50亿美元的销售额，此外在近两年GSK与排名在后面的药企的销售额差距也在进一步缩小。2020年GSK销售额最高的药物为HIV-1感染药物Triumeq，尽管销售额达到29.6亿美元，但同比下跌了8.7%，今年第一季度的销售额更是同比下跌了23%，随着后面吉利德的猛烈冲击，该药的市场份额前景也显得有些岌岌可危。\n全球药企TOP10（销售额：亿美元）\n注：数据整理自医药魔方，销售额为上一年度\n2021年已经行之过半，在下半年乃至未来GSK能否顺利止住颓势，打好翻身仗，就目前GSK所释放出来的信号而言，拨云睹日的那一天或许不再遥远。\n1 分拆业务，未来十年收入能否持续增长？\n说起GSK，就不得不提一下其现任掌门人——Emma Walmsley。自2016年成为GSK CEO之后，顶着GSK史上首位女性CEO的光环，Walmsley也一直带领着GSK走在转型的路上。面临业务下降的颓势，Walmsley在近期宣布了GSK未来十年的运营以及研发计划，其中重要的一部分是预计在2022年的年中，GSK的消费者健康部分将被分离成为一家独立的公司，而分拆后的新GSK将专注于创新疫苗和药物的开发。\n转型的路上必然少不了质疑之声，以资本大鳄Elliott Management为代表的资本力量就已经在发出质疑的声音。Elliott表示没有科学背景的Walmsley在瞎指挥，甚至呼吁直接解雇Walmsley，不过GSK的董事会还是坚定站在自己掌门人这一边，董事会表示在Walmsley的领导下，GSK能够通过分拆以及未来的长期规划实现跨越式的发展。\n在Walmsley的规划中，GSK一分为二之后，独立出来的制药板块将在未来十年里保持持续增长，到2031年，独立制药业务的收入将会达到460亿美元，其中在未来五年的营业利润将持续增长10%以上，完成分拆之后新GSK将会更专注于传染病、HIV、肿瘤以及免疫/呼吸系统药物的开发。\n而作为GSK的传统优势业务，消费者保健业务在去年为GSK带来了超过130亿美元的收入，分拆之后的表现也是被Walmsley以及董事会一致看好，而此次分拆出去一个年营收超过百亿美元，且还处于增长的消费者保健业务，GSK此举也受到不少争议，就有分析人士认为GSK核心目的或是拓宽融资渠道、需求更高估值以及提升运营效率。\n由单核变成双子星模式，GSK为未来十年的发展作出了巨大的尝试，而背负着巨大压力的Walmsley以及其阵营的伙伴势必将迎来更多的挑战，豪言壮语已经被记录在案，时间将会给出答案。\n2 接连重金引入新产品，GSK能否迎头赶上？\n在宣布十年计划后，GSK就接连吹响了转型路上的冲锋号。\n近期，GSK就和Alector公司联合宣布，两家公司达成了一项全球性战略合作，GSK花了22亿美元重金，获得了两个处在临床阶段的潜在“first-in-class”单抗药物AL001和AL101的共同开发权益，这两款药物将被用于开发治疗包括肌萎缩侧索硬化、帕金森病和阿尔茨海默病在内的多项神经退行性疾病。\n此举也被视为是GSK对当前新的免疫神经病学治疗方法中最有吸引力的基因验证靶点之一的布局。而从GSK对免疫赛道的布局也不难看出其对于免疫药物是极为重视的，在过去的2020年中，Nucala和Trelegy Ellipta均成长为了各自适应症的重磅炸弹药物，Nucala是全球第一款用于治疗嗜酸性粒细胞性哮喘的anti-IL5单抗药物，其在多个适应症拓展上具有突破性意义，在2020年的销售额也达到了12.84亿美元。值得一提的是，Nucala在今年第一季度销售额也达到了3.52亿美元，同比增长了21%，在未来有望持续增长。而另一款药物Trelegy Ellipta作为首个同时获批用于COPD和哮喘的三联吸入制剂，在2020年的销售额首次突破了十亿美元大关，增速高达60%。\n此外Benlysta（贝利尤单抗）作为50年来上市的首个系统性红斑狼疮（SLE）新药，2020年销售额也接近重磅炸弹门槛，并且Benlysta在2020年12月17日被FDA批准用于SLE的严重并发症——狼疮肾炎，成为FDA批准的首个用于治疗狼疮肾炎的药物，再加上进入国家医保目录，Benlysta在2021年第一季度销售收入保持了高双位数增长（18%），顶着众多光环的Benlysta无疑也将成为GSK该赛道旗下的得力干将。\n由此不难看出，以Nucala、Trelegy Ellipta和Benlysta等药物打头阵，再加上GSK目前还坐拥20余款进入三期临床的药物，首发和替补选手竞争力都不容小觑，免疫药物将成为未来支撑GSK业务增长的支柱之一。\n在抗肿瘤药物上，GSK明显也是加快了其布局的步伐。同样在上个月GSK用高达20亿美金引入了一款TIGIT单抗药物，作为继PD-1/PD-L1、CTLA-4之后的热门靶点，TIGIT也吸引了一众医药巨头公司布局，但目前还未有该靶点的产品获批面世。由于直至今年才有一款PD-1产品获批，在PD-1赛道布局明显被甩出几十个身位的GSK也瞄准了这一后起之秀，在未来，GSK将与罗氏、默沙东、BMS等老对手继续捉对厮杀。\n此前GSK以51亿美元天价收购Tesaro并获得了Zejula（尼拉帕利）的开发权益，作为唯一一款每日只需口服1次的PARP抑制剂，Zejula在2020年的业绩也不负所望，取得近50%的增长，2021年第一季度也达到了1.22亿美元的销售额，同比增长了10%。而另一款药物Blenrep作为全球第一款上市的BCMA（B细胞成熟抗原）靶向疗法，在短短5个月内在临床末线疗法应用上就取得4300万美元的销售额，未来前景也较为乐观。\n尽管因为各种原因，GSK在2016年才重返肿瘤药物赛道，在近几年的布局来看，在对肿瘤药物的布局上，GSK似乎有些踯躅不前，这也是导致其在目前并没有一款真正的引领全球的重磅炸弹药物，而在接连引进多款产品扩充管线之后，GSK将会有更多的底气去和其它竞争对手叫板。\n3 拥有新一代疗法，GSK能否成功挑战吉利德HIV霸主地位？\n数据显示，2020年全球HIV药物市场超过了270亿美元，而在这片广阔的市场中，吉利德（Gilead）是目前当之无愧的霸主，其占据了全球HIV市场的62%的市场份额，由吉利德开发的重磅产品Biktarvy（必妥维）更是一时风头无两，在上市的第二年就达到了73亿美元销售额，一跃成为HIV药王。GSK作为老牌HIV玩家，在近几年也一直稳稳占据第二把交椅，尽管受到了Biktarvy的冲击，导致GSK的HIV药物销售额增长率下降，但其开发的Triumeq以及Tivicay在去年还是交出了一份不错的成绩单，销售额分别达到了29.8亿和19.7亿美元。\n图源：新浪医药\n那么在未来，GSK有机会挑战吉利德在HIV领域的霸主地位吗？当然是有可能的。\n其中一个重大原因是GSK成功开发出了Cabenuva，这是目前首款也是唯一一款可以完整治疗HIV-1感染的长效药物，其可以实现每个月给药一次。换句话来说，Cabenuva完成了HIV患者从全年365天口服转变为每月注射一次即全年仅需注射治疗12天的历史性突破。尽管吉利德也在HIV长效给药上有各种布局，但GSK显然已经掌握新一代HIV疗法的主动权，据GSK预测，Cabenuva在未来几年的销售额将会达到70亿美元，其也自信地表示目前GSK在新一代长效给药方面至少领先其他竞争对手五年的时间。\n4 运气不佳，GSK能否赶上新冠疫苗下一班车？\n作为全球最大的疫苗生产商之一， GSK在新冠疫苗的开发历程中却充满了曲折。\n尽管先前与赛诺菲共同宣布进行佐剂重组蛋白新冠疫苗的开发，但不幸的是由于该疫苗在去年的1/2期研究中期结果不甚理想，双方不得以宣布推迟试验计划，直到今年的5月份才共同宣布重启并开始进行三期临床试验。祸不单行，GSK与CureVac的合作更是雪上加霜，6月17日，CureVac公司宣布，其mRNA新冠病毒候选疫苗2b/3期研究的第二次中期分析结果显示，有效性仅为47%，这无疑又给了GSK当头一棒。\n在辉瑞、Moderna因为新冠疫苗赚的盆满钵满的时候，GSK目前甚至连喝汤的资格都没有，不过天无绝人之路，GSK和赛诺菲此前合作研发的的佐剂重组蛋白新冠疫苗在重启临床后一切顺利并可能将于年底前上市。赛诺菲法国公司董事长Bogillot也对此作出了乐观预测，尽管进入该领域较晚，但该疫苗可能在法国和海外将非常有效，他还表示:“随着变异病毒的出现，我们必须实现非常高水平的群体免疫。” 此外，GSK与Vir Biotechnology联合开发的中和抗体疗法VIR-7831在治疗早期COVID-19患者的临床试验结果良好，两家公司已经向美国FDA递交紧急使用授权申请。\n尽管已经错过了最佳上车时机，但作为唯一被WHO确定的三大全球性疾病（疟疾、艾滋病和结核病）研制药物和疫苗的公司，GSK对于疫苗的商业化和产能还是不用过于操心的，而作为未来转型路上的一枚重要棋子，Walmsley怎样率领她的团队在这三条赛道奋起直追精心对弈，这个问题也将困扰她一段时间。\n5 小结\n不管是质疑与否，GSK的转型之路确实是正式拉开了序幕，在古老的东方有这样一句话：易穷则变，变则通，通则久正适用于此刻的GSK。在业务持续走低的窘境之中，确实需要这样的变革来为GSK注入新的活力。尽管暂时“变则通”在短时间内还没有成果来印证，但值得鼓励的是，Walmsley正在带领着GSK试图走出迷雾，十年计划是漫长的，或许在一年之后Walmsley就已经被解雇，也许在三年之后Walmsley已经带领GSK完成转型…..没有人可以预测未来，我们拭目以待。","news_type":1,"symbols_score_info":{"GSK":0.9,"GSK.UK":0.9}},"isVote":1,"tweetType":1,"viewCount":1864,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}