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2021-08-09

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3 Top Large-Cap Stocks to Buy in August

2021-08-09

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SoftBank Joins Two Gulf Wealth Funds for Debut Turkey Investment

2021-08-09

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2021-08-08

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2021-08-07

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2021-08-07

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2021-08-06

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2021-08-05

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SPACs Target Emerging Markets as U.S. Competition Mounts

2021-08-05

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SPACs Target Emerging Markets as U.S. Competition Mounts

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These proven companies provide the bulk of index returns, as both the <b>S&amp;P 500</b> and <b>Nasdaq</b> <b>Composite</b> are weighted by market capitalization. Large cap stocks have also earned their massive sizes due to their histories of exceeding expectations and making patient investors steady returns.</p>\n<p>The trade-off has always been framed as sacrificing growth for the stability large-cap stocks provide. But investors are increasingly rejecting this false narrative as many large-cap tech stocks continue to post above-average growth rates. These three large-cap companies offer the stability of large-cap stocks, with above-average growth potential.<img src=\"https://static.tigerbbs.com/a473d5ba64c80633f42466d051223667\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Image Source: Getty Images</p>\n<h2><b>Amazon's \"slowing growth\" narrative is too bearish</b></h2>\n<p><b>Amazon</b> (NASDAQ:AMZN) has made quite a few investors rich on its way to a $1.7 trillion market cap, including its founder Jeff Bezos -- now the second-richest man in the world. If you had invested $10,000 at its market debut in 1997, your stake would be worth more than $20 million today!</p>\n<p>That said, shares of Amazon are trailing the S&amp;P 500 this year, posting a 3% return versus 17% for the index. Despite posting a year-over-year revenue increase of 27%, Amazon missed analyst expectations of a 29% top-line beat. Additionally, the company guided for third-quarter revenue to come in at $109 billion at the midpoint, below consensus estimates of $119 billion.</p>\n<p>After being faulted for having no earnings for years, Amazon smashed earnings per share estimates by 23% despite missing on the top line. Ironically, investors ignored the increased profitability of the business to focus on slowing growth.</p>\n<p>There are reasons for long-term investors to consider this nothing but noise. Pandemic lockdowns boosted demand for e-commerce last year, which made 2021 a difficult year for comparisons. However, Amazon's higher-margin business segments like third-party seller services (38%), AWS (37%), and subscription services (32%) all outperformed analyst expectations.</p>\n<p>However, what's exciting is the company's catch-all other division, which is mostly advertising. During the quarter, revenue attributable to other increased 87% and is now half the size of AWS. Amazon's temporary sell-off has given long-term investors an attractive entry point.</p>\n<h2><b><a href=\"https://laohu8.com/S/FB\">Facebook</a>'s slowing user-growth isn't an issue</b></h2>\n<p><b>Facebook</b>'s (NASDAQ:FB) Mark Zuckerberg isn't as rich as Bezos, trailing him by an estimated $70 billion, but at 37 he still has a long career ahead of him. Zuckerberg has grown Facebook from an idea to a $1 trillion market cap, and shares are currently 840% higher than their $38 IPO price nine years ago. And there are still long-term drivers drivers ahead for the company.</p>\n<p>Facebook's stock rally was halted in its tracks due to second-quarter earnings, despite growing revenue by 56% and EPS by 101% -- both higher than consensus estimates. Investors were disappointed with the company's commentary on revenue growth in the back half of 2021 and the fact that daily active users in the lucrative U.S. and Canadian markets declined from the prior year's corresponding period.</p>\n<p>Like Amazon, Facebook is seeing a return to normal after the pandemic. Social media usage understandably exploded during the pandemic, and a return to more in-person events was always going to impact the company's engagement.</p>\n<p>Despite the modest yearly decline in daily active users (DAUs) (1.5%), the company still has 195 million people across the U.S. and Canada logging into a Facebook product daily, and can monetize users by raising costs per ad, like it did this quarter.</p>\n<p>Zuckerberg is now focused on his most audacious plans yet -- the metaverse. The company acquired virtual reality company Oculus in 2014, and plans to use its headsets to create an entirely new virtual world for users. The potential upside could be bigger than anything it's done yet.</p>\n<h2><b>Apple is going from strength to strength</b></h2>\n<p>By now, you might have identified a theme in the above stocks, as all are mega-cap tech companies that sold off after earnings. Against that backdrop, <b>Apple</b> (NASDAQ:AAPL) is a natural fit, as shares moderately sold off after the company reported fiscal third-quarter earnings. Although its market cap is approaching $2.5 trillion, the company continues to have growth drivers.</p>\n<p>Despite concerns that the iPhone market was saturated, Apple grew revenue attributable to the device 50% over the prior year and boosted total revenue higher by 36%. Although Apple easily topped analyst expectations for revenue and earnings, investors reacted negatively to commentary from CEO Tim Cook that chip shortages could impact iPhone and iPad sales in the current quarter.</p>\n<p>While shortages are never ideal, in the short term this is an example of a \"good problem.\" Demand outstripping supply means your product is coveted, and it's unlikely many iPhone users will step out of its ecosystem to buy an Android. In fact, it's this sticky user base that will power Apple's next phase of growth, as Apple has been aggressive at monetizing its installed base with services and recurring subscription-based revenue.</p>\n<p>Revenue attributable to services grew 33% over the prior year, an acceleration from the 27% growth rate the prior quarter. During the earnings call, Cook noted the company has nearly 700 million subscribers, a 27% increase from the prior year. Ignore the short-term chip bottleneck, Apple has many growth levers to pull going forward.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top Large-Cap Stocks to Buy in August</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\">\n3 Top Large-Cap Stocks to Buy in August\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 11:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/08/07/3-top-large-cap-stocks-to-buy-in-august/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need large-cap stocks in their portfolios. These proven companies provide the bulk of index returns, as both the S&P 500 and Nasdaq Composite are weighted by market capitalization. Large cap...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/07/3-top-large-cap-stocks-to-buy-in-august/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2021/08/07/3-top-large-cap-stocks-to-buy-in-august/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157492988","content_text":"Investors need large-cap stocks in their portfolios. These proven companies provide the bulk of index returns, as both the S&P 500 and Nasdaq Composite are weighted by market capitalization. Large cap stocks have also earned their massive sizes due to their histories of exceeding expectations and making patient investors steady returns.\nThe trade-off has always been framed as sacrificing growth for the stability large-cap stocks provide. But investors are increasingly rejecting this false narrative as many large-cap tech stocks continue to post above-average growth rates. These three large-cap companies offer the stability of large-cap stocks, with above-average growth potential.\nImage Source: Getty Images\nAmazon's \"slowing growth\" narrative is too bearish\nAmazon (NASDAQ:AMZN) has made quite a few investors rich on its way to a $1.7 trillion market cap, including its founder Jeff Bezos -- now the second-richest man in the world. If you had invested $10,000 at its market debut in 1997, your stake would be worth more than $20 million today!\nThat said, shares of Amazon are trailing the S&P 500 this year, posting a 3% return versus 17% for the index. Despite posting a year-over-year revenue increase of 27%, Amazon missed analyst expectations of a 29% top-line beat. Additionally, the company guided for third-quarter revenue to come in at $109 billion at the midpoint, below consensus estimates of $119 billion.\nAfter being faulted for having no earnings for years, Amazon smashed earnings per share estimates by 23% despite missing on the top line. Ironically, investors ignored the increased profitability of the business to focus on slowing growth.\nThere are reasons for long-term investors to consider this nothing but noise. Pandemic lockdowns boosted demand for e-commerce last year, which made 2021 a difficult year for comparisons. However, Amazon's higher-margin business segments like third-party seller services (38%), AWS (37%), and subscription services (32%) all outperformed analyst expectations.\nHowever, what's exciting is the company's catch-all other division, which is mostly advertising. During the quarter, revenue attributable to other increased 87% and is now half the size of AWS. Amazon's temporary sell-off has given long-term investors an attractive entry point.\nFacebook's slowing user-growth isn't an issue\nFacebook's (NASDAQ:FB) Mark Zuckerberg isn't as rich as Bezos, trailing him by an estimated $70 billion, but at 37 he still has a long career ahead of him. Zuckerberg has grown Facebook from an idea to a $1 trillion market cap, and shares are currently 840% higher than their $38 IPO price nine years ago. And there are still long-term drivers drivers ahead for the company.\nFacebook's stock rally was halted in its tracks due to second-quarter earnings, despite growing revenue by 56% and EPS by 101% -- both higher than consensus estimates. Investors were disappointed with the company's commentary on revenue growth in the back half of 2021 and the fact that daily active users in the lucrative U.S. and Canadian markets declined from the prior year's corresponding period.\nLike Amazon, Facebook is seeing a return to normal after the pandemic. Social media usage understandably exploded during the pandemic, and a return to more in-person events was always going to impact the company's engagement.\nDespite the modest yearly decline in daily active users (DAUs) (1.5%), the company still has 195 million people across the U.S. and Canada logging into a Facebook product daily, and can monetize users by raising costs per ad, like it did this quarter.\nZuckerberg is now focused on his most audacious plans yet -- the metaverse. The company acquired virtual reality company Oculus in 2014, and plans to use its headsets to create an entirely new virtual world for users. The potential upside could be bigger than anything it's done yet.\nApple is going from strength to strength\nBy now, you might have identified a theme in the above stocks, as all are mega-cap tech companies that sold off after earnings. Against that backdrop, Apple (NASDAQ:AAPL) is a natural fit, as shares moderately sold off after the company reported fiscal third-quarter earnings. Although its market cap is approaching $2.5 trillion, the company continues to have growth drivers.\nDespite concerns that the iPhone market was saturated, Apple grew revenue attributable to the device 50% over the prior year and boosted total revenue higher by 36%. Although Apple easily topped analyst expectations for revenue and earnings, investors reacted negatively to commentary from CEO Tim Cook that chip shortages could impact iPhone and iPad sales in the current quarter.\nWhile shortages are never ideal, in the short term this is an example of a \"good problem.\" Demand outstripping supply means your product is coveted, and it's unlikely many iPhone users will step out of its ecosystem to buy an Android. In fact, it's this sticky user base that will power Apple's next phase of growth, as Apple has been aggressive at monetizing its installed base with services and recurring subscription-based revenue.\nRevenue attributable to services grew 33% over the prior year, an acceleration from the 27% growth rate the prior quarter. During the earnings call, Cook noted the company has nearly 700 million subscribers, a 27% increase from the prior year. Ignore the short-term chip bottleneck, Apple has many growth levers to pull going forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898262511,"gmtCreate":1628501967833,"gmtModify":1703507164301,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/898262511","repostId":"1127340198","repostType":4,"repost":{"id":"1127340198","kind":"news","pubTimestamp":1628499049,"share":"https://ttm.financial/m/news/1127340198?lang=&edition=fundamental","pubTime":"2021-08-09 16:50","market":"us","language":"en","title":"SoftBank Joins Two Gulf Wealth Funds for Debut Turkey Investment","url":"https://stock-news.laohu8.com/highlight/detail?id=1127340198","media":"Bloomberg","summary":"Trendyol, a Turkish e-commerce company backed byAlibaba Group Holding Ltd., raised $1.5 billion in i","content":"<p>Trendyol, a Turkish e-commerce company backed byAlibaba Group Holding Ltd., raised $1.5 billion in its latest financing round that includedSoftBank Group Corp.and two Gulf wealth funds.</p>\n<p>The capital raise, co-led by SoftBank’s Vision Fund 2 and General Atlantic, vaulted the Istanbul-based firm to a $16.5 billion valuation, according to an emailed statement from the company. The announcement confirmed a Bloomberg Newsreportin July on Trendyol’s plans.</p>\n<p>Qatar Investment Authority, Abu Dhabi sovereign fundADQandPrinceville Capitalalso joined the round. It marked SoftBank’s first investment in Turkey.</p>\n<p>“The funding proceeds will support Trendyol’s growth both within Turkey and internationally,” said Demet Mutlu, the company’s founder and chief executive officer. “In particular, Trendyol will continue its investment in nationwide infrastructure, technology and logistics, accelerate digitalization of Turkish SMEs.”</p>\n<p>The e-commerce company has benefited from a surge in online buying in Turkey, which jumped 66% last year, according to the trade ministry. Trendyol’s gross merchandise value, a measure of the products it sells on its platform, has grown by about 20 times in the past three years and is on track to hit $10 billion this year, people familiar with the companysaidin April.</p>\n<p>The company may sell shares in two years through an initial public offering, the people said at the time.</p>\n<p>E-Commerce, Payments</p>\n<p>“Trendyol seamlessly integrates e-commerce, payments and delivery, with deep industry expertise in sectors such as fashion, with a unique consumer offer that we believe will be highly scalable across new markets and geographies,” said Anthony Doeh, partner forSoftBank InvestmentAdvisers, which manages the Japanese conglomerate’s Vision Fund 2.</p>\n<p>The funding round made Trendyol Turkey’s only “decacorn” with a valuation of more than $10 billion. The company hit $9.4 billion in value earlier this year when its top stakeholder, Alibaba, invested $350 million, according to the country’s commercial registry.</p>\n<p>Borsa Istanbul’s most valuable company, steelmaker Eregli Demir ve Celik Fabrikalari AS, has a market capitalization of about $8.4 billion.</p>\n<p>Tech companies in Turkey have attracted more international investment in the past year, pushing valuations higher.Hepsiburada, Trendyol’s main rival in Turkey, wasvaluedat $3.9 billion in its initial public offering onNasdaqearlier in July.Zynga Inc.bought game-maker Peak for $1.8 billion last year, and Getir, a quick grocery delivery app, fetched a$7.6 billionvaluation in its latest investment round from private equity firms in June.</p>\n<p>Citigroup Inc.is the sole financial adviser and placement agent for Trendyol in the transaction, according to the statement.</p>\n<p>Mutlu, a&nbsp;Harvard Business School&nbsp;dropout, founded the company in 2010. Trendyol has become Turkey’s largest e-commerce marketplace platform with 34% of the market, according to Euromonitor data. Hepsiburada controls 11% and n11.com has 8.3%, followed byEBay Inc.’s GittiGidiyor unit with 4.4%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank Joins Two Gulf Wealth Funds for Debut Turkey Investment</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\">\nSoftBank Joins Two Gulf Wealth Funds for Debut Turkey Investment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 16:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-09/softbank-joins-two-gulf-wealth-funds-for-debut-turkey-investment><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trendyol, a Turkish e-commerce company backed byAlibaba Group Holding Ltd., raised $1.5 billion in its latest financing round that includedSoftBank Group Corp.and two Gulf wealth funds.\nThe capital ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-09/softbank-joins-two-gulf-wealth-funds-for-debut-turkey-investment\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-09/softbank-joins-two-gulf-wealth-funds-for-debut-turkey-investment","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127340198","content_text":"Trendyol, a Turkish e-commerce company backed byAlibaba Group Holding Ltd., raised $1.5 billion in its latest financing round that includedSoftBank Group Corp.and two Gulf wealth funds.\nThe capital raise, co-led by SoftBank’s Vision Fund 2 and General Atlantic, vaulted the Istanbul-based firm to a $16.5 billion valuation, according to an emailed statement from the company. The announcement confirmed a Bloomberg Newsreportin July on Trendyol’s plans.\nQatar Investment Authority, Abu Dhabi sovereign fundADQandPrinceville Capitalalso joined the round. It marked SoftBank’s first investment in Turkey.\n“The funding proceeds will support Trendyol’s growth both within Turkey and internationally,” said Demet Mutlu, the company’s founder and chief executive officer. “In particular, Trendyol will continue its investment in nationwide infrastructure, technology and logistics, accelerate digitalization of Turkish SMEs.”\nThe e-commerce company has benefited from a surge in online buying in Turkey, which jumped 66% last year, according to the trade ministry. Trendyol’s gross merchandise value, a measure of the products it sells on its platform, has grown by about 20 times in the past three years and is on track to hit $10 billion this year, people familiar with the companysaidin April.\nThe company may sell shares in two years through an initial public offering, the people said at the time.\nE-Commerce, Payments\n“Trendyol seamlessly integrates e-commerce, payments and delivery, with deep industry expertise in sectors such as fashion, with a unique consumer offer that we believe will be highly scalable across new markets and geographies,” said Anthony Doeh, partner forSoftBank InvestmentAdvisers, which manages the Japanese conglomerate’s Vision Fund 2.\nThe funding round made Trendyol Turkey’s only “decacorn” with a valuation of more than $10 billion. The company hit $9.4 billion in value earlier this year when its top stakeholder, Alibaba, invested $350 million, according to the country’s commercial registry.\nBorsa Istanbul’s most valuable company, steelmaker Eregli Demir ve Celik Fabrikalari AS, has a market capitalization of about $8.4 billion.\nTech companies in Turkey have attracted more international investment in the past year, pushing valuations higher.Hepsiburada, Trendyol’s main rival in Turkey, wasvaluedat $3.9 billion in its initial public offering onNasdaqearlier in July.Zynga Inc.bought game-maker Peak for $1.8 billion last year, and Getir, a quick grocery delivery app, fetched a$7.6 billionvaluation in its latest investment round from private equity firms in June.\nCitigroup Inc.is the sole financial adviser and placement agent for Trendyol in the transaction, according to the statement.\nMutlu, a Harvard Business School dropout, founded the company in 2010. Trendyol has become Turkey’s largest e-commerce marketplace platform with 34% of the market, according to Euromonitor data. Hepsiburada controls 11% and n11.com has 8.3%, followed byEBay Inc.’s GittiGidiyor unit with 4.4%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898262961,"gmtCreate":1628501919853,"gmtModify":1703507163636,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"☺️☺️☺️☺️","listText":"☺️☺️☺️☺️","text":"☺️☺️☺️☺️","images":[{"img":"https://static.tigerbbs.com/b79f6f09217700557bb228197f572fc6","width":"1125","height":"2407"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898262961","isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":891789355,"gmtCreate":1628429080977,"gmtModify":1703506154746,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"Great 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it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891789019","repostId":"1190347839","repostType":4,"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891780446,"gmtCreate":1628429026885,"gmtModify":1703506153777,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"?‍♀️?‍♀️?‍♀️","listText":"?‍♀️?‍♀️?‍♀️","text":"?‍♀️?‍♀️?‍♀️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891780446","repostId":"1190347839","repostType":4,"isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891322199,"gmtCreate":1628338021511,"gmtModify":1703505208128,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"?‍♀️?‍♀️?‍♀️?‍♀️?‍♀️?‍♀️","listText":"?‍♀️?‍♀️?‍♀️?‍♀️?‍♀️?‍♀️","text":"?‍♀️?‍♀️?‍♀️?‍♀️?‍♀️?‍♀️","images":[{"img":"https://static.tigerbbs.com/af8645a8e817b989c85a3322519c3ab9","width":"1125","height":"2407"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891322199","isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":891326477,"gmtCreate":1628337919399,"gmtModify":1703505207965,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"<a 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href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>☺️☺️☺️☺️☺️","text":"$Apple(AAPL)$☺️☺️☺️☺️☺️","images":[{"img":"https://static.tigerbbs.com/2c333fac6b31831e93918a6ac8d0c3eb","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891326477","isVote":1,"tweetType":1,"viewCount":569,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":893152478,"gmtCreate":1628249612794,"gmtModify":1703503932216,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"See![Duh]&nbsp;[Happy]&nbsp;","listText":"See![Duh]&nbsp;[Happy]&nbsp;","text":"See![Duh] [Happy]","images":[{"img":"https://static.tigerbbs.com/1475df89737cbaad93535c8340d9dd0a","width":"1125","height":"2422"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/893152478","isVote":1,"tweetType":1,"viewCount":394,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":899125952,"gmtCreate":1628170539776,"gmtModify":1703502481168,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899125952","repostId":"1195294645","repostType":4,"isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899164569,"gmtCreate":1628170106651,"gmtModify":1703502469005,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"Down????","listText":"Down????","text":"Down????","images":[{"img":"https://static.tigerbbs.com/86e8be18fb6e2cf317dbfeb0da94e7b3","width":"1125","height":"3191"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899164569","isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":899162513,"gmtCreate":1628170013132,"gmtModify":1703502466417,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899162513","repostId":"1123028494","repostType":4,"repost":{"id":"1123028494","kind":"news","pubTimestamp":1628168579,"share":"https://ttm.financial/m/news/1123028494?lang=&edition=fundamental","pubTime":"2021-08-05 21:02","market":"us","language":"en","title":"SPACs Target Emerging Markets as U.S. Competition Mounts","url":"https://stock-news.laohu8.com/highlight/detail?id=1123028494","media":"The Wall Street Journal","summary":"The number of blank-check companies focused on developing countries has almost tripled in 2021 as in","content":"<blockquote>\n The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n</blockquote>\n<p>Blank-check companies are venturing to far-flung locales such as Brazil, Israel and Turkey to find attractive merger targets these days.</p>\n<p>Special-purpose acquisition companies, or SPACs, explicitly pursuing companies in Asia, Latin America, Eastern Europe, the Middle East and Africa remain a small part of the overall market. But they are growing at a faster clip than their conventional counterparts, according to The Wall Street Journal’s analysis of data from SPAC Research.</p>\n<p>Sixty new SPACs focused on emerging markets filed documents with the Securities and Exchange Commission in the first half of 2021, almost triple the number for all of 2020, according to the analysis. The number of non-emerging-market SPACs grew by about 67% to 515 over the same period.</p>\n<p>The surge coincides with mounting competition that has driven up purchase prices, and a selloff that has buffeted the U.S. SPAC market in recent months.</p>\n<p>SPACs are shell firms that raise money on stock exchanges, then merge with private companies and take them public. With so-manybuyers chasing dealsin the U.S., blank-check companies are more likely to overpay or to purchase speculative businesses because they must close deals within two years of launching or give investors their money back. The bidding wars have grown so heated that Wall Street insiders have taken to calling them SPAC-offs.</p>\n<p>“People are finding two Stanford dropouts with a twinkle in their eye and a plan to colonize Venus and giving them $2 billion,” said Daniel Freifeld, founder of Callaway Capital Management LLC, a money manager focused on emerging markets.</p>\n<p>Callaway completed a $125 million SPAC in July that listed on the New York Stock Exchange and is targeting Turkish financial-technology companies.</p>\n<p>Turkey is a prime example of the risks that foreign investors take playing in developing markets. Political instability, high inflation and erratic monetary policy have sent the country’s stock market andcurrency into a tailspindespite the global economic recovery this year. The Turkey BIST 100 stock index lost 5.2% in 2021 through Aug. 2, making it the third-worst performer of the global benchmark indexes listed by FactSet.</p>\n<p>“Nowhere in the world is cheaper than Turkey right now,” Mr. Freifeld said&nbsp;Still, the country’s banks and insurance companies are well capitalized and its young population is underbanked, creating strong growth prospects for the financial sector, according to Mr. Freifeld, who says Turkish assets are unlikely to fall much further.</p>\n<p>Most SPACs focused on emerging markets list on U.S. stock exchanges, where relatively stringent reporting and regulatory requirements give investors comfort, said Matthew Simpson, managing partner at WealthSpring Capital, which has about $750 million it invests in SPACs. They also give SPAC investors a way to reduce concentration in the U.S., where lofty valuations andwarnings from regulatorshave recently sparkeda sharp selloff.</p>\n<p>“We actually like adding a lot of foreign-focused SPACs in our portfolio because it adds diversity,” Mr. Simpson said.</p>\n<p></p>\n<p></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>SPACs Target Emerging Markets as U.S. Competition Mounts</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\">\nSPACs Target Emerging Markets as U.S. Competition Mounts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n\nBlank-check companies are venturing to far-flung locales ...</p>\n\n<a href=\"https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123028494","content_text":"The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n\nBlank-check companies are venturing to far-flung locales such as Brazil, Israel and Turkey to find attractive merger targets these days.\nSpecial-purpose acquisition companies, or SPACs, explicitly pursuing companies in Asia, Latin America, Eastern Europe, the Middle East and Africa remain a small part of the overall market. But they are growing at a faster clip than their conventional counterparts, according to The Wall Street Journal’s analysis of data from SPAC Research.\nSixty new SPACs focused on emerging markets filed documents with the Securities and Exchange Commission in the first half of 2021, almost triple the number for all of 2020, according to the analysis. The number of non-emerging-market SPACs grew by about 67% to 515 over the same period.\nThe surge coincides with mounting competition that has driven up purchase prices, and a selloff that has buffeted the U.S. SPAC market in recent months.\nSPACs are shell firms that raise money on stock exchanges, then merge with private companies and take them public. With so-manybuyers chasing dealsin the U.S., blank-check companies are more likely to overpay or to purchase speculative businesses because they must close deals within two years of launching or give investors their money back. The bidding wars have grown so heated that Wall Street insiders have taken to calling them SPAC-offs.\n“People are finding two Stanford dropouts with a twinkle in their eye and a plan to colonize Venus and giving them $2 billion,” said Daniel Freifeld, founder of Callaway Capital Management LLC, a money manager focused on emerging markets.\nCallaway completed a $125 million SPAC in July that listed on the New York Stock Exchange and is targeting Turkish financial-technology companies.\nTurkey is a prime example of the risks that foreign investors take playing in developing markets. Political instability, high inflation and erratic monetary policy have sent the country’s stock market andcurrency into a tailspindespite the global economic recovery this year. The Turkey BIST 100 stock index lost 5.2% in 2021 through Aug. 2, making it the third-worst performer of the global benchmark indexes listed by FactSet.\n“Nowhere in the world is cheaper than Turkey right now,” Mr. Freifeld said Still, the country’s banks and insurance companies are well capitalized and its young population is underbanked, creating strong growth prospects for the financial sector, according to Mr. Freifeld, who says Turkish assets are unlikely to fall much further.\nMost SPACs focused on emerging markets list on U.S. stock exchanges, where relatively stringent reporting and regulatory requirements give investors comfort, said Matthew Simpson, managing partner at WealthSpring Capital, which has about $750 million it invests in SPACs. They also give SPAC investors a way to reduce concentration in the U.S., where lofty valuations andwarnings from regulatorshave recently sparkeda sharp selloff.\n“We actually like adding a lot of foreign-focused SPACs in our portfolio because it adds diversity,” Mr. Simpson said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899166266,"gmtCreate":1628169920855,"gmtModify":1703502464475,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899166266","repostId":"1123028494","repostType":4,"repost":{"id":"1123028494","kind":"news","pubTimestamp":1628168579,"share":"https://ttm.financial/m/news/1123028494?lang=&edition=fundamental","pubTime":"2021-08-05 21:02","market":"us","language":"en","title":"SPACs Target Emerging Markets as U.S. Competition Mounts","url":"https://stock-news.laohu8.com/highlight/detail?id=1123028494","media":"The Wall Street Journal","summary":"The number of blank-check companies focused on developing countries has almost tripled in 2021 as in","content":"<blockquote>\n The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n</blockquote>\n<p>Blank-check companies are venturing to far-flung locales such as Brazil, Israel and Turkey to find attractive merger targets these days.</p>\n<p>Special-purpose acquisition companies, or SPACs, explicitly pursuing companies in Asia, Latin America, Eastern Europe, the Middle East and Africa remain a small part of the overall market. But they are growing at a faster clip than their conventional counterparts, according to The Wall Street Journal’s analysis of data from SPAC Research.</p>\n<p>Sixty new SPACs focused on emerging markets filed documents with the Securities and Exchange Commission in the first half of 2021, almost triple the number for all of 2020, according to the analysis. The number of non-emerging-market SPACs grew by about 67% to 515 over the same period.</p>\n<p>The surge coincides with mounting competition that has driven up purchase prices, and a selloff that has buffeted the U.S. SPAC market in recent months.</p>\n<p>SPACs are shell firms that raise money on stock exchanges, then merge with private companies and take them public. With so-manybuyers chasing dealsin the U.S., blank-check companies are more likely to overpay or to purchase speculative businesses because they must close deals within two years of launching or give investors their money back. The bidding wars have grown so heated that Wall Street insiders have taken to calling them SPAC-offs.</p>\n<p>“People are finding two Stanford dropouts with a twinkle in their eye and a plan to colonize Venus and giving them $2 billion,” said Daniel Freifeld, founder of Callaway Capital Management LLC, a money manager focused on emerging markets.</p>\n<p>Callaway completed a $125 million SPAC in July that listed on the New York Stock Exchange and is targeting Turkish financial-technology companies.</p>\n<p>Turkey is a prime example of the risks that foreign investors take playing in developing markets. Political instability, high inflation and erratic monetary policy have sent the country’s stock market andcurrency into a tailspindespite the global economic recovery this year. The Turkey BIST 100 stock index lost 5.2% in 2021 through Aug. 2, making it the third-worst performer of the global benchmark indexes listed by FactSet.</p>\n<p>“Nowhere in the world is cheaper than Turkey right now,” Mr. Freifeld said&nbsp;Still, the country’s banks and insurance companies are well capitalized and its young population is underbanked, creating strong growth prospects for the financial sector, according to Mr. Freifeld, who says Turkish assets are unlikely to fall much further.</p>\n<p>Most SPACs focused on emerging markets list on U.S. stock exchanges, where relatively stringent reporting and regulatory requirements give investors comfort, said Matthew Simpson, managing partner at WealthSpring Capital, which has about $750 million it invests in SPACs. They also give SPAC investors a way to reduce concentration in the U.S., where lofty valuations andwarnings from regulatorshave recently sparkeda sharp selloff.</p>\n<p>“We actually like adding a lot of foreign-focused SPACs in our portfolio because it adds diversity,” Mr. Simpson said.</p>\n<p></p>\n<p></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>SPACs Target Emerging Markets as U.S. Competition Mounts</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\">\nSPACs Target Emerging Markets as U.S. Competition Mounts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n\nBlank-check companies are venturing to far-flung locales ...</p>\n\n<a href=\"https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123028494","content_text":"The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n\nBlank-check companies are venturing to far-flung locales such as Brazil, Israel and Turkey to find attractive merger targets these days.\nSpecial-purpose acquisition companies, or SPACs, explicitly pursuing companies in Asia, Latin America, Eastern Europe, the Middle East and Africa remain a small part of the overall market. But they are growing at a faster clip than their conventional counterparts, according to The Wall Street Journal’s analysis of data from SPAC Research.\nSixty new SPACs focused on emerging markets filed documents with the Securities and Exchange Commission in the first half of 2021, almost triple the number for all of 2020, according to the analysis. The number of non-emerging-market SPACs grew by about 67% to 515 over the same period.\nThe surge coincides with mounting competition that has driven up purchase prices, and a selloff that has buffeted the U.S. SPAC market in recent months.\nSPACs are shell firms that raise money on stock exchanges, then merge with private companies and take them public. With so-manybuyers chasing dealsin the U.S., blank-check companies are more likely to overpay or to purchase speculative businesses because they must close deals within two years of launching or give investors their money back. The bidding wars have grown so heated that Wall Street insiders have taken to calling them SPAC-offs.\n“People are finding two Stanford dropouts with a twinkle in their eye and a plan to colonize Venus and giving them $2 billion,” said Daniel Freifeld, founder of Callaway Capital Management LLC, a money manager focused on emerging markets.\nCallaway completed a $125 million SPAC in July that listed on the New York Stock Exchange and is targeting Turkish financial-technology companies.\nTurkey is a prime example of the risks that foreign investors take playing in developing markets. Political instability, high inflation and erratic monetary policy have sent the country’s stock market andcurrency into a tailspindespite the global economic recovery this year. The Turkey BIST 100 stock index lost 5.2% in 2021 through Aug. 2, making it the third-worst performer of the global benchmark indexes listed by FactSet.\n“Nowhere in the world is cheaper than Turkey right now,” Mr. Freifeld said Still, the country’s banks and insurance companies are well capitalized and its young population is underbanked, creating strong growth prospects for the financial sector, according to Mr. Freifeld, who says Turkish assets are unlikely to fall much further.\nMost SPACs focused on emerging markets list on U.S. stock exchanges, where relatively stringent reporting and regulatory requirements give investors comfort, said Matthew Simpson, managing partner at WealthSpring Capital, which has about $750 million it invests in SPACs. They also give SPAC investors a way to reduce concentration in the U.S., where lofty valuations andwarnings from regulatorshave recently sparkeda sharp selloff.\n“We actually like adding a lot of foreign-focused SPACs in our portfolio because it adds diversity,” Mr. Simpson said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":898262511,"gmtCreate":1628501967833,"gmtModify":1703507164301,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/898262511","repostId":"1127340198","repostType":4,"repost":{"id":"1127340198","kind":"news","pubTimestamp":1628499049,"share":"https://ttm.financial/m/news/1127340198?lang=&edition=fundamental","pubTime":"2021-08-09 16:50","market":"us","language":"en","title":"SoftBank Joins Two Gulf Wealth Funds for Debut Turkey Investment","url":"https://stock-news.laohu8.com/highlight/detail?id=1127340198","media":"Bloomberg","summary":"Trendyol, a Turkish e-commerce company backed byAlibaba Group Holding Ltd., raised $1.5 billion in i","content":"<p>Trendyol, a Turkish e-commerce company backed byAlibaba Group Holding Ltd., raised $1.5 billion in its latest financing round that includedSoftBank Group Corp.and two Gulf wealth funds.</p>\n<p>The capital raise, co-led by SoftBank’s Vision Fund 2 and General Atlantic, vaulted the Istanbul-based firm to a $16.5 billion valuation, according to an emailed statement from the company. The announcement confirmed a Bloomberg Newsreportin July on Trendyol’s plans.</p>\n<p>Qatar Investment Authority, Abu Dhabi sovereign fundADQandPrinceville Capitalalso joined the round. It marked SoftBank’s first investment in Turkey.</p>\n<p>“The funding proceeds will support Trendyol’s growth both within Turkey and internationally,” said Demet Mutlu, the company’s founder and chief executive officer. “In particular, Trendyol will continue its investment in nationwide infrastructure, technology and logistics, accelerate digitalization of Turkish SMEs.”</p>\n<p>The e-commerce company has benefited from a surge in online buying in Turkey, which jumped 66% last year, according to the trade ministry. Trendyol’s gross merchandise value, a measure of the products it sells on its platform, has grown by about 20 times in the past three years and is on track to hit $10 billion this year, people familiar with the companysaidin April.</p>\n<p>The company may sell shares in two years through an initial public offering, the people said at the time.</p>\n<p>E-Commerce, Payments</p>\n<p>“Trendyol seamlessly integrates e-commerce, payments and delivery, with deep industry expertise in sectors such as fashion, with a unique consumer offer that we believe will be highly scalable across new markets and geographies,” said Anthony Doeh, partner forSoftBank InvestmentAdvisers, which manages the Japanese conglomerate’s Vision Fund 2.</p>\n<p>The funding round made Trendyol Turkey’s only “decacorn” with a valuation of more than $10 billion. The company hit $9.4 billion in value earlier this year when its top stakeholder, Alibaba, invested $350 million, according to the country’s commercial registry.</p>\n<p>Borsa Istanbul’s most valuable company, steelmaker Eregli Demir ve Celik Fabrikalari AS, has a market capitalization of about $8.4 billion.</p>\n<p>Tech companies in Turkey have attracted more international investment in the past year, pushing valuations higher.Hepsiburada, Trendyol’s main rival in Turkey, wasvaluedat $3.9 billion in its initial public offering onNasdaqearlier in July.Zynga Inc.bought game-maker Peak for $1.8 billion last year, and Getir, a quick grocery delivery app, fetched a$7.6 billionvaluation in its latest investment round from private equity firms in June.</p>\n<p>Citigroup Inc.is the sole financial adviser and placement agent for Trendyol in the transaction, according to the statement.</p>\n<p>Mutlu, a&nbsp;Harvard Business School&nbsp;dropout, founded the company in 2010. Trendyol has become Turkey’s largest e-commerce marketplace platform with 34% of the market, according to Euromonitor data. Hepsiburada controls 11% and n11.com has 8.3%, followed byEBay Inc.’s GittiGidiyor unit with 4.4%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank Joins Two Gulf Wealth Funds for Debut Turkey Investment</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\">\nSoftBank Joins Two Gulf Wealth Funds for Debut Turkey Investment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-09 16:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-09/softbank-joins-two-gulf-wealth-funds-for-debut-turkey-investment><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trendyol, a Turkish e-commerce company backed byAlibaba Group Holding Ltd., raised $1.5 billion in its latest financing round that includedSoftBank Group Corp.and two Gulf wealth funds.\nThe capital ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-09/softbank-joins-two-gulf-wealth-funds-for-debut-turkey-investment\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-09/softbank-joins-two-gulf-wealth-funds-for-debut-turkey-investment","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127340198","content_text":"Trendyol, a Turkish e-commerce company backed byAlibaba Group Holding Ltd., raised $1.5 billion in its latest financing round that includedSoftBank Group Corp.and two Gulf wealth funds.\nThe capital raise, co-led by SoftBank’s Vision Fund 2 and General Atlantic, vaulted the Istanbul-based firm to a $16.5 billion valuation, according to an emailed statement from the company. The announcement confirmed a Bloomberg Newsreportin July on Trendyol’s plans.\nQatar Investment Authority, Abu Dhabi sovereign fundADQandPrinceville Capitalalso joined the round. It marked SoftBank’s first investment in Turkey.\n“The funding proceeds will support Trendyol’s growth both within Turkey and internationally,” said Demet Mutlu, the company’s founder and chief executive officer. “In particular, Trendyol will continue its investment in nationwide infrastructure, technology and logistics, accelerate digitalization of Turkish SMEs.”\nThe e-commerce company has benefited from a surge in online buying in Turkey, which jumped 66% last year, according to the trade ministry. Trendyol’s gross merchandise value, a measure of the products it sells on its platform, has grown by about 20 times in the past three years and is on track to hit $10 billion this year, people familiar with the companysaidin April.\nThe company may sell shares in two years through an initial public offering, the people said at the time.\nE-Commerce, Payments\n“Trendyol seamlessly integrates e-commerce, payments and delivery, with deep industry expertise in sectors such as fashion, with a unique consumer offer that we believe will be highly scalable across new markets and geographies,” said Anthony Doeh, partner forSoftBank InvestmentAdvisers, which manages the Japanese conglomerate’s Vision Fund 2.\nThe funding round made Trendyol Turkey’s only “decacorn” with a valuation of more than $10 billion. The company hit $9.4 billion in value earlier this year when its top stakeholder, Alibaba, invested $350 million, according to the country’s commercial registry.\nBorsa Istanbul’s most valuable company, steelmaker Eregli Demir ve Celik Fabrikalari AS, has a market capitalization of about $8.4 billion.\nTech companies in Turkey have attracted more international investment in the past year, pushing valuations higher.Hepsiburada, Trendyol’s main rival in Turkey, wasvaluedat $3.9 billion in its initial public offering onNasdaqearlier in July.Zynga Inc.bought game-maker Peak for $1.8 billion last year, and Getir, a quick grocery delivery app, fetched a$7.6 billionvaluation in its latest investment round from private equity firms in June.\nCitigroup Inc.is the sole financial adviser and placement agent for Trendyol in the transaction, according to the statement.\nMutlu, a Harvard Business School dropout, founded the company in 2010. Trendyol has become Turkey’s largest e-commerce marketplace platform with 34% of the market, according to Euromonitor data. Hepsiburada controls 11% and n11.com has 8.3%, followed byEBay Inc.’s GittiGidiyor unit with 4.4%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898265681,"gmtCreate":1628502042643,"gmtModify":1703507164962,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898265681","repostId":"2157492988","repostType":4,"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899162513,"gmtCreate":1628170013132,"gmtModify":1703502466417,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899162513","repostId":"1123028494","repostType":4,"repost":{"id":"1123028494","kind":"news","pubTimestamp":1628168579,"share":"https://ttm.financial/m/news/1123028494?lang=&edition=fundamental","pubTime":"2021-08-05 21:02","market":"us","language":"en","title":"SPACs Target Emerging Markets as U.S. Competition Mounts","url":"https://stock-news.laohu8.com/highlight/detail?id=1123028494","media":"The Wall Street Journal","summary":"The number of blank-check companies focused on developing countries has almost tripled in 2021 as in","content":"<blockquote>\n The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n</blockquote>\n<p>Blank-check companies are venturing to far-flung locales such as Brazil, Israel and Turkey to find attractive merger targets these days.</p>\n<p>Special-purpose acquisition companies, or SPACs, explicitly pursuing companies in Asia, Latin America, Eastern Europe, the Middle East and Africa remain a small part of the overall market. But they are growing at a faster clip than their conventional counterparts, according to The Wall Street Journal’s analysis of data from SPAC Research.</p>\n<p>Sixty new SPACs focused on emerging markets filed documents with the Securities and Exchange Commission in the first half of 2021, almost triple the number for all of 2020, according to the analysis. The number of non-emerging-market SPACs grew by about 67% to 515 over the same period.</p>\n<p>The surge coincides with mounting competition that has driven up purchase prices, and a selloff that has buffeted the U.S. SPAC market in recent months.</p>\n<p>SPACs are shell firms that raise money on stock exchanges, then merge with private companies and take them public. With so-manybuyers chasing dealsin the U.S., blank-check companies are more likely to overpay or to purchase speculative businesses because they must close deals within two years of launching or give investors their money back. The bidding wars have grown so heated that Wall Street insiders have taken to calling them SPAC-offs.</p>\n<p>“People are finding two Stanford dropouts with a twinkle in their eye and a plan to colonize Venus and giving them $2 billion,” said Daniel Freifeld, founder of Callaway Capital Management LLC, a money manager focused on emerging markets.</p>\n<p>Callaway completed a $125 million SPAC in July that listed on the New York Stock Exchange and is targeting Turkish financial-technology companies.</p>\n<p>Turkey is a prime example of the risks that foreign investors take playing in developing markets. Political instability, high inflation and erratic monetary policy have sent the country’s stock market andcurrency into a tailspindespite the global economic recovery this year. The Turkey BIST 100 stock index lost 5.2% in 2021 through Aug. 2, making it the third-worst performer of the global benchmark indexes listed by FactSet.</p>\n<p>“Nowhere in the world is cheaper than Turkey right now,” Mr. Freifeld said&nbsp;Still, the country’s banks and insurance companies are well capitalized and its young population is underbanked, creating strong growth prospects for the financial sector, according to Mr. Freifeld, who says Turkish assets are unlikely to fall much further.</p>\n<p>Most SPACs focused on emerging markets list on U.S. stock exchanges, where relatively stringent reporting and regulatory requirements give investors comfort, said Matthew Simpson, managing partner at WealthSpring Capital, which has about $750 million it invests in SPACs. They also give SPAC investors a way to reduce concentration in the U.S., where lofty valuations andwarnings from regulatorshave recently sparkeda sharp selloff.</p>\n<p>“We actually like adding a lot of foreign-focused SPACs in our portfolio because it adds diversity,” Mr. Simpson said.</p>\n<p></p>\n<p></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>SPACs Target Emerging Markets as U.S. Competition Mounts</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\">\nSPACs Target Emerging Markets as U.S. Competition Mounts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n\nBlank-check companies are venturing to far-flung locales ...</p>\n\n<a href=\"https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123028494","content_text":"The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n\nBlank-check companies are venturing to far-flung locales such as Brazil, Israel and Turkey to find attractive merger targets these days.\nSpecial-purpose acquisition companies, or SPACs, explicitly pursuing companies in Asia, Latin America, Eastern Europe, the Middle East and Africa remain a small part of the overall market. But they are growing at a faster clip than their conventional counterparts, according to The Wall Street Journal’s analysis of data from SPAC Research.\nSixty new SPACs focused on emerging markets filed documents with the Securities and Exchange Commission in the first half of 2021, almost triple the number for all of 2020, according to the analysis. The number of non-emerging-market SPACs grew by about 67% to 515 over the same period.\nThe surge coincides with mounting competition that has driven up purchase prices, and a selloff that has buffeted the U.S. SPAC market in recent months.\nSPACs are shell firms that raise money on stock exchanges, then merge with private companies and take them public. With so-manybuyers chasing dealsin the U.S., blank-check companies are more likely to overpay or to purchase speculative businesses because they must close deals within two years of launching or give investors their money back. The bidding wars have grown so heated that Wall Street insiders have taken to calling them SPAC-offs.\n“People are finding two Stanford dropouts with a twinkle in their eye and a plan to colonize Venus and giving them $2 billion,” said Daniel Freifeld, founder of Callaway Capital Management LLC, a money manager focused on emerging markets.\nCallaway completed a $125 million SPAC in July that listed on the New York Stock Exchange and is targeting Turkish financial-technology companies.\nTurkey is a prime example of the risks that foreign investors take playing in developing markets. Political instability, high inflation and erratic monetary policy have sent the country’s stock market andcurrency into a tailspindespite the global economic recovery this year. The Turkey BIST 100 stock index lost 5.2% in 2021 through Aug. 2, making it the third-worst performer of the global benchmark indexes listed by FactSet.\n“Nowhere in the world is cheaper than Turkey right now,” Mr. Freifeld said Still, the country’s banks and insurance companies are well capitalized and its young population is underbanked, creating strong growth prospects for the financial sector, according to Mr. Freifeld, who says Turkish assets are unlikely to fall much further.\nMost SPACs focused on emerging markets list on U.S. stock exchanges, where relatively stringent reporting and regulatory requirements give investors comfort, said Matthew Simpson, managing partner at WealthSpring Capital, which has about $750 million it invests in SPACs. They also give SPAC investors a way to reduce concentration in the U.S., where lofty valuations andwarnings from regulatorshave recently sparkeda sharp selloff.\n“We actually like adding a lot of foreign-focused SPACs in our portfolio because it adds diversity,” Mr. Simpson said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899125952,"gmtCreate":1628170539776,"gmtModify":1703502481168,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899125952","repostId":"1195294645","repostType":4,"isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898262961,"gmtCreate":1628501919853,"gmtModify":1703507163636,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"☺️☺️☺️☺️","listText":"☺️☺️☺️☺️","text":"☺️☺️☺️☺️","images":[{"img":"https://static.tigerbbs.com/b79f6f09217700557bb228197f572fc6","width":"1125","height":"2407"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898262961","isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":891789355,"gmtCreate":1628429080977,"gmtModify":1703506154746,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891789355","repostId":"1139912651","repostType":4,"isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891789019,"gmtCreate":1628429061531,"gmtModify":1703506154261,"author":{"id":"4089378651570600","authorId":"4089378651570600","name":"Maythel","avatar":"https://static.tigerbbs.com/a94f46621840f75918a526c78ef5bfac","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089378651570600","authorIdStr":"4089378651570600"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share 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me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899166266","repostId":"1123028494","repostType":4,"repost":{"id":"1123028494","kind":"news","pubTimestamp":1628168579,"share":"https://ttm.financial/m/news/1123028494?lang=&edition=fundamental","pubTime":"2021-08-05 21:02","market":"us","language":"en","title":"SPACs Target Emerging Markets as U.S. Competition Mounts","url":"https://stock-news.laohu8.com/highlight/detail?id=1123028494","media":"The Wall Street Journal","summary":"The number of blank-check companies focused on developing countries has almost tripled in 2021 as in","content":"<blockquote>\n The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n</blockquote>\n<p>Blank-check companies are venturing to far-flung locales such as Brazil, Israel and Turkey to find attractive merger targets these days.</p>\n<p>Special-purpose acquisition companies, or SPACs, explicitly pursuing companies in Asia, Latin America, Eastern Europe, the Middle East and Africa remain a small part of the overall market. But they are growing at a faster clip than their conventional counterparts, according to The Wall Street Journal’s analysis of data from SPAC Research.</p>\n<p>Sixty new SPACs focused on emerging markets filed documents with the Securities and Exchange Commission in the first half of 2021, almost triple the number for all of 2020, according to the analysis. The number of non-emerging-market SPACs grew by about 67% to 515 over the same period.</p>\n<p>The surge coincides with mounting competition that has driven up purchase prices, and a selloff that has buffeted the U.S. SPAC market in recent months.</p>\n<p>SPACs are shell firms that raise money on stock exchanges, then merge with private companies and take them public. With so-manybuyers chasing dealsin the U.S., blank-check companies are more likely to overpay or to purchase speculative businesses because they must close deals within two years of launching or give investors their money back. The bidding wars have grown so heated that Wall Street insiders have taken to calling them SPAC-offs.</p>\n<p>“People are finding two Stanford dropouts with a twinkle in their eye and a plan to colonize Venus and giving them $2 billion,” said Daniel Freifeld, founder of Callaway Capital Management LLC, a money manager focused on emerging markets.</p>\n<p>Callaway completed a $125 million SPAC in July that listed on the New York Stock Exchange and is targeting Turkish financial-technology companies.</p>\n<p>Turkey is a prime example of the risks that foreign investors take playing in developing markets. Political instability, high inflation and erratic monetary policy have sent the country’s stock market andcurrency into a tailspindespite the global economic recovery this year. The Turkey BIST 100 stock index lost 5.2% in 2021 through Aug. 2, making it the third-worst performer of the global benchmark indexes listed by FactSet.</p>\n<p>“Nowhere in the world is cheaper than Turkey right now,” Mr. Freifeld said&nbsp;Still, the country’s banks and insurance companies are well capitalized and its young population is underbanked, creating strong growth prospects for the financial sector, according to Mr. Freifeld, who says Turkish assets are unlikely to fall much further.</p>\n<p>Most SPACs focused on emerging markets list on U.S. stock exchanges, where relatively stringent reporting and regulatory requirements give investors comfort, said Matthew Simpson, managing partner at WealthSpring Capital, which has about $750 million it invests in SPACs. They also give SPAC investors a way to reduce concentration in the U.S., where lofty valuations andwarnings from regulatorshave recently sparkeda sharp selloff.</p>\n<p>“We actually like adding a lot of foreign-focused SPACs in our portfolio because it adds diversity,” Mr. Simpson said.</p>\n<p></p>\n<p></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>SPACs Target Emerging Markets as U.S. Competition Mounts</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\">\nSPACs Target Emerging Markets as U.S. Competition Mounts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n\nBlank-check companies are venturing to far-flung locales ...</p>\n\n<a href=\"https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/spacs-target-emerging-markets-as-u-s-competition-mounts-11628161381?mod=markets_lead_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123028494","content_text":"The number of blank-check companies focused on developing countries has almost tripled in 2021 as investors look for better value overseas.\n\nBlank-check companies are venturing to far-flung locales such as Brazil, Israel and Turkey to find attractive merger targets these days.\nSpecial-purpose acquisition companies, or SPACs, explicitly pursuing companies in Asia, Latin America, Eastern Europe, the Middle East and Africa remain a small part of the overall market. But they are growing at a faster clip than their conventional counterparts, according to The Wall Street Journal’s analysis of data from SPAC Research.\nSixty new SPACs focused on emerging markets filed documents with the Securities and Exchange Commission in the first half of 2021, almost triple the number for all of 2020, according to the analysis. The number of non-emerging-market SPACs grew by about 67% to 515 over the same period.\nThe surge coincides with mounting competition that has driven up purchase prices, and a selloff that has buffeted the U.S. SPAC market in recent months.\nSPACs are shell firms that raise money on stock exchanges, then merge with private companies and take them public. With so-manybuyers chasing dealsin the U.S., blank-check companies are more likely to overpay or to purchase speculative businesses because they must close deals within two years of launching or give investors their money back. The bidding wars have grown so heated that Wall Street insiders have taken to calling them SPAC-offs.\n“People are finding two Stanford dropouts with a twinkle in their eye and a plan to colonize Venus and giving them $2 billion,” said Daniel Freifeld, founder of Callaway Capital Management LLC, a money manager focused on emerging markets.\nCallaway completed a $125 million SPAC in July that listed on the New York Stock Exchange and is targeting Turkish financial-technology companies.\nTurkey is a prime example of the risks that foreign investors take playing in developing markets. Political instability, high inflation and erratic monetary policy have sent the country’s stock market andcurrency into a tailspindespite the global economic recovery this year. The Turkey BIST 100 stock index lost 5.2% in 2021 through Aug. 2, making it the third-worst performer of the global benchmark indexes listed by FactSet.\n“Nowhere in the world is cheaper than Turkey right now,” Mr. Freifeld said Still, the country’s banks and insurance companies are well capitalized and its young population is underbanked, creating strong growth prospects for the financial sector, according to Mr. Freifeld, who says Turkish assets are unlikely to fall much further.\nMost SPACs focused on emerging markets list on U.S. stock exchanges, where relatively stringent reporting and regulatory requirements give investors comfort, said Matthew Simpson, managing partner at WealthSpring Capital, which has about $750 million it invests in SPACs. They also give SPAC investors a way to reduce concentration in the U.S., where lofty valuations andwarnings from regulatorshave recently sparkeda sharp selloff.\n“We actually like adding a lot of foreign-focused SPACs in our portfolio because it adds diversity,” Mr. Simpson said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}