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寻音望月

寻音望月

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2021-09-11

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Apple has abandoned plans to launch a low-priced Apple TV stick.

2021-09-06

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2021-09-06

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ByteDance Vice President Li Liang once again criticized Tencent.

2021-09-06

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Tencent Holdings: Repurchased 200,000 shares today, costing approximately HK$100 million.

2021-09-05

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Tencent repurchased 210,000 shares today, costing HK$102 million.

2021-09-05

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2021-08-27

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How can the Federal Reserve manipulate global inflation?

2021-08-27

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Five financial figures reveal the essence of JD.com

2021-08-27

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Opening: The three major US stock indices opened largely flat, with YY Inc. rising over 12%.

2021-08-25

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2021-08-25

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After buying JD.com at rock-bottom prices, "Sister Wood" stated that she is not pessimistic about Chinese concept stocks.

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22:12","market":"us","language":"zh","title":"Apple has abandoned plans to launch a low-priced Apple TV stick.","url":"https://stock-news.laohu8.com/highlight/detail?id=2166370356","media":"威锋网","summary":"据The Information报道，苹果已经放弃了低价Apple TV电视棒的计划，并将在明年大幅加快和扩大Apple TV+上新内容的输出。据熟悉苹果计划的消息人士在接受The Information采访时，透露了该公司围绕Apple TV+的许多内部讨论和态度。据称，苹果将Apple TV+视为一项独立的业务，而不是鼓励用户购买苹果生态系统的机制。2018年有报道称，苹果正在研发一款低成本的电视棒设备，作为Apple TV更便宜的替代品。","content":"<p><html><body><article>According to The Information,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It has abandoned plans for a low-priced Apple TV stick and will significantly accelerate and expand the output of new content on Apple TV+ next year.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/13969021270/0\"/>According to sources familiar with Apple's plans, in an interview with The Information, The company revealed many internal discussions and attitudes surrounding Apple TV+. Apple reportedly views Apple TV+ as a separate business, rather than a mechanism to encourage users to purchase the Apple ecosystem.</p><p>In 2018, it was reported that Apple was developing a low-cost TV stick device as a cheaper alternative to the Apple TV. The project was driven by Tim Twerdahl, Apple's head of video and audio marketing, based on his work on Netflix and...<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Experience overseeing similar projects suggests that low-cost TV devices will make it easier for users to get started with Apple TV+.</p><p>According to reports, Greg Joswiak and Phil Schiller rejected Twerdahl, insisting that Apple should not start producing cheap, low-margin devices because it could damage the reputation of its high-end products, meaning that Twerdahl's low-priced TV equipment project was abandoned.</p><p></article></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple has abandoned plans to launch a low-priced Apple TV stick.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple has abandoned plans to launch a low-priced Apple TV stick.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">威锋网</strong><span class=\"h-time small\">2021-09-11 22:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article>According to The Information,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It has abandoned plans for a low-priced Apple TV stick and will significantly accelerate and expand the output of new content on Apple TV+ next year.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/13969021270/0\"/>According to sources familiar with Apple's plans, in an interview with The Information, The company revealed many internal discussions and attitudes surrounding Apple TV+. Apple reportedly views Apple TV+ as a separate business, rather than a mechanism to encourage users to purchase the Apple ecosystem.</p><p>In 2018, it was reported that Apple was developing a low-cost TV stick device as a cheaper alternative to the Apple TV. The project was driven by Tim Twerdahl, Apple's head of video and audio marketing, based on his work on Netflix and...<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Experience overseeing similar projects suggests that low-cost TV devices will make it easier for users to get started with Apple TV+.</p><p>According to reports, Greg Joswiak and Phil Schiller rejected Twerdahl, insisting that Apple should not start producing cheap, low-margin devices because it could damage the reputation of its high-end products, meaning that Twerdahl's low-priced TV equipment project was abandoned.</p><p></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021091122133079ef4164&s=b\">威锋网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c0c4c03a5eea688b1e8fa7410c021db6","relate_stocks":{"AAPL":"苹果"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021091122133079ef4164&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2166370356","content_text":"据The Information报道，苹果已经放弃了低价Apple TV电视棒的计划，并将在明年大幅加快和扩大Apple TV+上新内容的输出。据熟悉苹果计划的消息人士在接受The Information采访时，透露了该公司围绕‌Apple TV+‌的许多内部讨论和态度。据称，苹果将Apple TV+‌视为一项独立的业务，而不是鼓励用户购买苹果生态系统的机制。2018年有报道称，苹果正在研发一款低成本的电视棒设备，作为Apple TV更便宜的替代品。该项目是由苹果视频和音频营销主管Tim Twerdahl推动的，他根据自己在Netflix和亚马逊监督类似项目的经验，认为低成本电视设备会让用户更容易入门‌Apple TV+‌。据报道，Greg Joswiak和Phil Schiller否决了Twerdahl，坚称苹果不应该开始生产廉价、低利润率的设备，因为这可能会损害其高端产品的声誉，这意味着Twerdahl的低价电视设备项目被放弃了。","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":3694,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817855704,"gmtCreate":1630934833808,"gmtModify":1676530423945,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817855704","repostId":"1169885756","repostType":4,"isVote":1,"tweetType":1,"viewCount":4286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817855219,"gmtCreate":1630934820531,"gmtModify":1676530423873,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817855219","repostId":"2165842643","repostType":4,"repost":{"id":"2165842643","kind":"news","pubTimestamp":1630923185,"share":"https://ttm.financial/m/news/2165842643?lang=en_US&edition=fundamental","pubTime":"2021-09-06 18:13","market":"hk","language":"zh","title":"ByteDance Vice President Li Liang once again criticized Tencent.","url":"https://stock-news.laohu8.com/highlight/detail?id=2165842643","media":"中关村新闻","summary":"在转载评论中，李亮言辞激烈的指出，腾讯利用其影响力介入公权力，影响甚大。","content":"<p>Author: Qingzhou</p><p>ByteDance Vice President Li Liang reprinted a People's Daily commentary titled \"Central Commission for Discipline Inspection Website: Capital Involvement is a Significant Factor in Teenagers' Addiction to Online Games; Related Companies Cannot Be Pursuing Profit Only,\" commenting: \"Previously...\"<a href=\"https://laohu8.com/S/00700\">Tencent</a>A report issued with an organization claiming that games are harmless has drawn criticism from a middle school teacher. Based on this critical article, Tencent prompted a local police department to file a case to criminally question this middle school teacher who opposed games poisoning students. The case remains unresolved.</p><p>In the reprinted comment, Li Liang pointed out strongly that Tencent's use of its influence to interfere in public power has had a significant impact. The following is the original text of ByteDance's Li Liang criticizing Tencent:</p><p><img src=\"https://static.tigerbbs.com/8ca01a854f01ee36d6f74cd8cac0264b\" tg-width=\"640\" tg-height=\"1385\" referrerpolicy=\"no-referrer\"></p>","source":"zol_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>ByteDance Vice President Li Liang once again criticized Tencent.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Vice President Li Liang once again criticized Tencent.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">中关村新闻</strong><span class=\"h-time small\">2021-09-06 18:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Qingzhou</p><p>ByteDance Vice President Li Liang reprinted a People's Daily commentary titled \"Central Commission for Discipline Inspection Website: Capital Involvement is a Significant Factor in Teenagers' Addiction to Online Games; Related Companies Cannot Be Pursuing Profit Only,\" commenting: \"Previously...\"<a href=\"https://laohu8.com/S/00700\">Tencent</a>A report issued with an organization claiming that games are harmless has drawn criticism from a middle school teacher. Based on this critical article, Tencent prompted a local police department to file a case to criminally question this middle school teacher who opposed games poisoning students. The case remains unresolved.</p><p>In the reprinted comment, Li Liang pointed out strongly that Tencent's use of its influence to interfere in public power has had a significant impact. The following is the original text of ByteDance's Li Liang criticizing Tencent:</p><p><img src=\"https://static.tigerbbs.com/8ca01a854f01ee36d6f74cd8cac0264b\" tg-width=\"640\" tg-height=\"1385\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://news.zol.com.cn/776/7760636.html\">中关村新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8bea8b224335f941f6bd882d8b14f1da","relate_stocks":{"TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"source_url":"http://news.zol.com.cn/776/7760636.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2165842643","content_text":"作者：轻舟\n字节跳动副总裁李亮转载人民日报评论《中纪委网站：资本介入是青少年沉迷网游的重要因素，相关企业不能唯利是图》一文评论道：“此前腾讯与某机构出台报告称游戏无害，受某中学老师批评。就这一篇批评文章，腾讯就推动某地公安立案，刑询这位反对游戏毒害学生的中学老师，此案至今没有结论。”\n在转载评论中，李亮言辞激烈的指出，腾讯利用其影响力介入公权力，影响甚大。以下为字节跳动李亮炮轰腾讯原文：","news_type":1,"symbols_score_info":{"TCEHY":0.9,"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":4880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817855166,"gmtCreate":1630934807255,"gmtModify":1676530423866,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817855166","repostId":"1185930805","repostType":4,"repost":{"id":"1185930805","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630933979,"share":"https://ttm.financial/m/news/1185930805?lang=en_US&edition=fundamental","pubTime":"2021-09-06 21:12","market":"hk","language":"zh","title":"Tencent Holdings: Repurchased 200,000 shares today, costing approximately HK$100 million.","url":"https://stock-news.laohu8.com/highlight/detail?id=1185930805","media":"老虎资讯综合","summary":"9月6日，腾讯控股发布公告称，今日回购20万股普通股，回购价格在488.8港元/股至506.5港元/股之间，共耗资约1亿港元。","content":"<p>On September 6,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>The announcement stated that 200,000 ordinary shares were repurchased today at a price between HK$488.8 and HK$506.5 per share, costing a total of approximately HK$100 million.<img src=\"https://static.tigerbbs.com/7283710a5b2d39ebc4f31b82932ed007\" tg-width=\"1581\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/4951a1600d3b42d23257af1e0dc3455a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent Holdings: Repurchased 200,000 shares today, costing approximately HK$100 million.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent Holdings: Repurchased 200,000 shares today, costing approximately HK$100 million.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-06 21:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On September 6,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>The announcement stated that 200,000 ordinary shares were repurchased today at a price between HK$488.8 and HK$506.5 per share, costing a total of approximately HK$100 million.<img src=\"https://static.tigerbbs.com/7283710a5b2d39ebc4f31b82932ed007\" tg-width=\"1581\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/4951a1600d3b42d23257af1e0dc3455a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e7799eeb7043b8caaf3d109c3b13109e","relate_stocks":{"TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185930805","content_text":"9月6日，腾讯控股发布公告称，今日回购20万股普通股，回购价格在488.8港元/股至506.5港元/股之间，共耗资约1亿港元。","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":3786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814555754,"gmtCreate":1630849760278,"gmtModify":1676530405667,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814555754","repostId":"1115202561","repostType":4,"repost":{"id":"1115202561","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630668434,"share":"https://ttm.financial/m/news/1115202561?lang=en_US&edition=fundamental","pubTime":"2021-09-03 19:27","market":"hk","language":"zh","title":"Tencent repurchased 210,000 shares today, costing HK$102 million.","url":"https://stock-news.laohu8.com/highlight/detail?id=1115202561","media":"老虎资讯综合","summary":"连续第六个交易日进行回购。","content":"<p><a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>On September 3, 210,000 shares were repurchased, costing HK$102 million, marking the sixth consecutive trading day of repurchases.</p><p><img src=\"https://static.tigerbbs.com/7f71bd8c0ec569fc78c30fc90d0e9eb2\" tg-width=\"550\" tg-height=\"261\" width=\"100%\" height=\"auto\"></p><p><b>A summary of Tencent's recent share buybacks:</b></p><p>On September 2, Tencent repurchased 210,000 shares at a price of HK$493.2 to HK$498.4, costing HK$104 million.</p><p>On September 1, Tencent repurchased 210,000 shares for HK$102 million.</p><p>On August 31, Tencent spent HK$101 million to repurchase 220,000 shares, with a repurchase price of HK$447.4-477 per share.</p><p>On August 30, Tencent repurchased 220,000 shares at a price ranging from HK$458.20 to HK$465.20 per share, involving HK$101.5 million.</p><p>On August 27, Tencent spent HK$104 million to repurchase 220,000 shares at a price of HK$478.2-462.6 per share.</p><p>On August 24, Tencent repurchased 22,600 shares at a price ranging from HK$450.60 to HK$451.60 per share, involving HK$10.2005 million.</p><p>On August 23, Tencent invested HK$101 million to repurchase 230,000 shares at a price of HK$432 to HK$443.8 per share.</p><p>On August 20, Tencent spent HK$102 million to repurchase 240,000 shares at a price of HK$412.6 to HK$432.4 per share.</p><p>After announcing its second-quarter results on August 18, Tencent repurchased 180,000 shares for HK$76.965 million the following day at a price of HK$419.4 to HK$435.2 per share, marking its first repurchase in two years.</p><p><img src=\"https://static.tigerbbs.com/f4754d77a88e933d2632832a51141f21\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent repurchased 210,000 shares today, costing HK$102 million.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent repurchased 210,000 shares today, costing HK$102 million.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-03 19:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>On September 3, 210,000 shares were repurchased, costing HK$102 million, marking the sixth consecutive trading day of repurchases.</p><p><img src=\"https://static.tigerbbs.com/7f71bd8c0ec569fc78c30fc90d0e9eb2\" tg-width=\"550\" tg-height=\"261\" width=\"100%\" height=\"auto\"></p><p><b>A summary of Tencent's recent share buybacks:</b></p><p>On September 2, Tencent repurchased 210,000 shares at a price of HK$493.2 to HK$498.4, costing HK$104 million.</p><p>On September 1, Tencent repurchased 210,000 shares for HK$102 million.</p><p>On August 31, Tencent spent HK$101 million to repurchase 220,000 shares, with a repurchase price of HK$447.4-477 per share.</p><p>On August 30, Tencent repurchased 220,000 shares at a price ranging from HK$458.20 to HK$465.20 per share, involving HK$101.5 million.</p><p>On August 27, Tencent spent HK$104 million to repurchase 220,000 shares at a price of HK$478.2-462.6 per share.</p><p>On August 24, Tencent repurchased 22,600 shares at a price ranging from HK$450.60 to HK$451.60 per share, involving HK$10.2005 million.</p><p>On August 23, Tencent invested HK$101 million to repurchase 230,000 shares at a price of HK$432 to HK$443.8 per share.</p><p>On August 20, Tencent spent HK$102 million to repurchase 240,000 shares at a price of HK$412.6 to HK$432.4 per share.</p><p>After announcing its second-quarter results on August 18, Tencent repurchased 180,000 shares for HK$76.965 million the following day at a price of HK$419.4 to HK$435.2 per share, marking its first repurchase in two years.</p><p><img src=\"https://static.tigerbbs.com/f4754d77a88e933d2632832a51141f21\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e7799eeb7043b8caaf3d109c3b13109e","relate_stocks":{"00700":"腾讯控股"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115202561","content_text":"腾讯控股：9月3日回购21万股股份，耗资1.02亿港元，连续第六个交易日进行回购。\n\n腾讯近期回购情况一览：\n9月2日，腾讯以493.2港元—498.4港元的价格回购21万股，耗资1.04亿港元。\n9月1日，腾讯回购21万股股份，耗资1.02亿港元。\n8月31日，腾讯斥1.01亿港元回购22万股，每股回购价为447.4-477港元。\n8月30日，腾讯回购22万股，每股回购价介乎458.20港元至465.20港元，涉资1.015亿港元。\n8月27日，腾讯耗资1.04亿港元回购22万股，每股价格为478.2-462.6港元。\n8月24日，腾讯回购2.26万股，每股回购价介乎450.60港元至451.60港元，涉资1020.05万港元。\n8月23日，腾讯出资1.01亿港元回购23万股，回购价格每股432至443.8港元。\n8月20日，腾讯斥资1.02亿港元回购24万股，回购价格每股412.6至432.4港元。\n8月18日公布二季度业绩后，腾讯第二天即出手7696.5万港元回购18万股，回购价格每股419.4至435.2港元，成为时隔两年后首次回购。","news_type":1,"symbols_score_info":{"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":3660,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814555432,"gmtCreate":1630849747426,"gmtModify":1676530405674,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814555432","repostId":"1164269750","repostType":4,"isVote":1,"tweetType":1,"viewCount":4003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810709221,"gmtCreate":1630001813463,"gmtModify":1676530197394,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810709221","repostId":"1187114664","repostType":4,"repost":{"id":"1187114664","kind":"news","pubTimestamp":1630031209,"share":"https://ttm.financial/m/news/1187114664?lang=en_US&edition=fundamental","pubTime":"2021-08-27 10:26","market":"us","language":"zh","title":"How can the Federal Reserve manipulate global inflation?","url":"https://stock-news.laohu8.com/highlight/detail?id=1187114664","media":"财主家的余粮","summary":"按照价格上升的速度，人们通常将通货膨胀划分为以下几个级别：\n爬行通货膨胀(creeping inflation, 每年物价上升1%~3%);\n温和通货膨胀(moderate inflation, 每年","content":"<p>Inflation is usually divided into the following levels according to the rate at which prices rise:</p><p><b>creeping inflation (prices rise by 1% to 3% annually);</b></p><p><b>moderate inflation (prices rise by 3% to 6% annually);</b></p><p><b>raging inflation (prices rise by 6% to 9% annually);</b></p><p><b>galloping inflation (prices rise by 10% to 50% annually);</b></p><p><b>hyper-inflation (prices rise by more than 50% annually).</b></p><p>By studying nearly a century of monetary history in the United States between 1867 and 1960, Friedman reached a definitive conclusion regarding inflation:</p><p><b>\"Inflation, at any time and in any place, is a monetary phenomenon.\"</b></p><p>Furthermore, according to Friedman's research, except for hyperinflation, inflation usually occurs 12-24 months after the money supply, and usually lasts longer than 24 months.</p><p>Therefore, manipulating inflation, to put it bluntly, is manipulating the issuance of currency, which is the responsibility of the central bank.</p><p><img src=\"https://static.tigerbbs.com/9c98d63d291d237f8950be12f1a0750f\" tg-width=\"1080\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Some people watch changes in the central bank's balance sheet to judge the trend of inflation—because the size of the central bank's balance sheet does indeed represent the total scale of the central bank's money printing, and the size of the balance sheet is completely under the central bank's control.</p><p>There's really nothing wrong with this approach. Unfortunately, reality is harsh. Apart from seeing the two commonalities that the central bank's balance sheet has been increasing and inflation has been persistent, you can hardly see the relationship between changes in inflation and changes in the size of the central bank's balance sheet.</p><p>For example, since 2008, we can observe the size of the Federal Reserve's balance sheet. After a period of surge, we can indeed observe that inflation will also surge a year later. However, most of the time, inflation has almost no reaction to changes in the size of the balance sheet.</p><p><img src=\"https://static.tigerbbs.com/b661b875fd52225ff055b573bda9d7bc\" tg-width=\"864\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p><p>In other major global economies, including Europe, China, and Japan, the size of central bank balance sheets is less closely related to inflation.</p><p>Some people focus on the rate of change of broad money, because the definition of broad money does indeed include all the money and credit derived from the base money in a society, representing the payment capacity of the entire society.</p><p>Let's take the US dollar M2 growth rate again to observe the relationship between broad money and inflation.</p><p><img src=\"https://static.tigerbbs.com/4566cd8037455a6e2d0f324863cab858\" tg-width=\"864\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p><p>The relationship between M2 growth rate and inflation is somewhat better than that between changes in asset size, but overall, no pattern can be seen.</p><p>More importantly, in both the United States and China, broad money mainly comes from the expansion of social credit. While the central bank can certainly influence its expansion speed through rate hike, interest rate cuts, money printing, and money collection, it is not entirely under the central bank's control. To a large extent, it is influenced by the economic environment, and the central bank must choose a data point that it can fully control and manipulate.</p><p>in the case of the US dollar, this data is called \"Currency in Circulation,\" which I call CiC.</p><p>Here's an interpretation of the main components of the Federal Reserve's liability side.</p><p>On the Federal Reserve's asset side, the question is what it uses to print money; The Federal Reserve's liability side is the question of which accounts the money it prints ultimately flows into.</p><p>According to the Federal Reserve's balance sheet, the Fed's liability side currently mainly consists of four parts:</p><p><b>1) Bank reserves:</b>This includes banks' required reserves and excess reserves. The required reserve ratio in the United States is very low, but since the 2008 global financial crisis, the amount of excess reserves held by major banks in the Federal Reserve's accounts has increased rapidly and is currently the largest item on the Federal Reserve's liability side. This money belongs to major banks but is kept in the Federal Reserve's reserve accounts and does not circulate to society.</p><p><b>2) Federal government accounts:</b>There's not much to say about this. It's just that the U.S. Treasury Department has an Account with the Federal Reserve, commonly known as the \"TGA (Treasury General Account).\" The funds shown in this Account have always been stored in the Federal Reserve Account and have not been circulated to society. If the US government spends it, the account balance will decrease, meaning it will circulate into society.</p><p><b>3) Funds in the Federal Reserve's reverse repo account:</b>This is a tool used by the Federal Reserve to regulate the tightness of credit in financial markets in the short term. It is the exact opposite of the People's Bank of China's reverse repos. The Federal Reserve's reverse repos are an action to withdraw market funds, and the funds involved are also deposited in the Federal Reserve's accounts, not money circulating in society. The funds in reverse repurchase accounts have always been negligible. However, since the 2008 global financial crisis, in order to recover excessive liquidity in the financial market, the scale of reverse repos has grown rapidly. Starting in April 2020, the size of this account soared to a massive level, becoming one of the Federal Reserve's most important liabilities.</p><p><b>4) Currency in circulation:</b>There's not much to say about this. The total amount of funds in all accounts currently held at member banks of the Federal Reserve (almost all large and medium-sized banks in the United States are member banks of the Federal Reserve) is the money that is actually circulating in American society.</p><p>Except during the 2008 financial crisis and a few other times, these four accounts together account for more than 90% of the Federal Reserve's total liabilities, currently accounting for 96%. The Federal Reserve regulates and changes the total amount of money circulating in American society through the balance of these four accounts, thereby influencing the inflation situation of the entire society.</p><p>Comparing the annualized growth rate of CiC over the past 20 years with CPI inflation 12 months later not only reveals a high correlation between the growth rate of CiC and inflation, but also clearly demonstrates the Federal Reserve's operational strategy.</p><p>The adjustment strategy is very simple:</p><p><b>When inflation is high and rising, every effort is made to reduce the growth rate of money in circulation.</b></p><p><b>When inflation is low and declining, efforts are made to increase the growth rate of the currency in circulation.</b></p><p>After the 9/11 attacks in 2001, the Federal Reserve significantly increased the amount of money in circulation, which led to U.S. CPI inflation rising and exceeding 2% from the end of 2002 and remaining above 2%. The Federal Reserve then took a series of measures to withdraw some of the liquidity from the market, and as long as market inflation remained high, the CiC's growth rate remained low.</p><p>By early 2008, the annualized growth rate of money in circulation had fallen to near zero. Shortly thereafter, a global financial crisis triggered by the subprime mortgage crisis broke out, inflation dropped sharply, and the Federal Reserve immediately chose to print money aggressively (QE1). Under the control of the Federal Reserve, the growth rate of money in circulation surged starting from the end of 2008, and starting from mid-2009, the US inflation level also surged from its low level and returned to above 2%.</p><p>Then, the Federal Reserve chose to stop QE1, which quickly caused the CiC's growth rate to plummet. The Fed had to start QE2, which caused the CiC's growth rate to surge again, thus keeping the US inflation rate above 2%.</p><p>When the US inflation rate remained at 1%-2%, the Federal Reserve believed that it had achieved its monetary target, so it controlled the slow decline in the CiC growth rate. This process continued until September 2019, after which CiC growth was basically maintained at a low level. However, with the outbreak of the global COVID-19 pandemic in March 2020, there was a risk of a sharp decline in the US inflation rate. The Federal Reserve immediately launched unlimited quantitative easing (QE) and printed money aggressively, causing the CiC's growth rate to continue to surge to a record high of nearly 17%...</p><p>In March of this year, the U.S. inflation rate rose rapidly again. Although QE was still ongoing, the Federal Reserve began to lower the annualized growth rate of the CiC again, bringing it down from a high of nearly 17%.</p><p>Observing the changes in the Federal Reserve's liabilities over the past year and a half, we can clearly see the Fed's strategy for manipulating the CiC growth rate:</p><p>First, through unlimited QE money printing, the balance sheet size surged by more than 80%; However, in order to avoid the chaos in the capital market and social value system caused by the direct doubling of money supply, the scale of reserves and reverse repos began to surge: the reserve account increased at a rate of more than 100%, while the growth rate of reverse repos accounts was also close to 100%. As for the U.S. Treasury account, its growth rate exceeded 1000% because the federal government needed to cope with the future frenzied spending spree...</p><p>Under these three major growth categories, although the growth rate of money circulating in society reached its highest level in history, it only exceeded 10%, thus ensuring that the scale of dollar circulation in society as a whole grows within a relatively normal range and does not subvert the dollar value foundation of society as a whole.</p><p>This process continued until March 2021, when, as U.S. inflation data \"rapidly exceeded the standard,\" the Federal Reserve began to rapidly reduce the growth rate of the CiC by rapidly reducing the growth rate of reserves. In addition, as the U.S. Treasury Department's money is distributed by the government to citizens and businesses, the Treasury Department's account quota has decreased by more than 50%. To offset this impact, the Federal Reserve aggressively launched reverse repurchase accounts, with the quota of reverse repurchase accounts increasing by more than 500%...</p><p>Under this series of large-scale operations, CiC's annualized growth rate has begun to gradually decrease, and has now dropped below 10%, moving towards a \"normalization\" level.</p><p>Clearly, regardless of drastic changes in the total size of the balance sheet, reserves, reverse repos, or the amount of government accounts (which are controlled by the U.S. Treasury Department, not the Federal Reserve), the Federal Reserve's policy goal is to maintain the money in circulation at all times.<b>\"Stable growth\"</b>—On the basis of stable growth, adjust the growth rate according to the level of inflation, thereby controlling future inflation.</p><p>This is the Federal Reserve's overall approach to manipulating dollar inflation.</p><p>Previously, I wrote articles informing everyone about the manipulation of inflation data by government statistical departments around the world. However, inflation manipulation is not just a matter for statistical bureaus; it is also a matter for central banks around the world, including the Federal Reserve.<b>primary task</b>。</p><p>In fact, as early as June 2020, with the CiC growth rate surging, the Federal Reserve was well aware, based on historical patterns, that US inflation would inevitably \"significantly exceed the target\" in the second quarter of 2021, which is why it proposed the so-called...<b>\"Average inflation targeting system\"</b>They were just unsure how far this \"excess\" could go.</p><p>Currently, large-scale quantitative easing (QE) has become the Federal Reserve's \"normal operation,\" coupled with drastic changes in the U.S. government's account balance. At this point, the Federal Reserve's reserve account and reverse repurchase account act as a super buffer to absorb drastic changes in the dollar money supply. It is conceivable that these two accounts will continue to play this role over the next year and become a tool for the Federal Reserve to manipulate inflation.</p><p>Furthermore, the reason why Powell has consistently vowed that the Federal Reserve has ways to deal with inflation is actually due to his confidence in adjusting the reserve account and reverse repurchase account.</p><p>This raises the question: the CiC growth rate has now rapidly dropped below 10%, starting to catch up with the average level of the past 10 years, and the Federal Reserve has confidently stated that it can combat inflation.</p><p>So, is the current inflation in the United States really temporary, like after QE in 2008?</p><p>Although that's another question, to be honest, I personally think the outcome may not be what the Federal Reserve claims. Because the current and future global economic situation is completely different from that after 2008. In previous articles, I have repeatedly emphasized that this round of inflation is likely to continue.</p><p>Consider this: in mid-2002, CiC's annualized growth rate only exceeded 10% for a very short period, but for the next five years or so, the inflation rate in the United States exceeded 3% for half of the time...</p><p>Following the frenzied money printing since the beginning of 2020, the severity of this global inflation is likely to exceed that of 20 years ago. After all, inflation is influenced by too many internal and external factors, unlike the Federal Reserve's account, which can be manipulated however it wants.</p>","source":"wqqq","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>How can the Federal Reserve manipulate global inflation?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow can the Federal Reserve manipulate global inflation?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">财主家的余粮</strong><span class=\"h-time small\">2021-08-27 10:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Inflation is usually divided into the following levels according to the rate at which prices rise:</p><p><b>creeping inflation (prices rise by 1% to 3% annually);</b></p><p><b>moderate inflation (prices rise by 3% to 6% annually);</b></p><p><b>raging inflation (prices rise by 6% to 9% annually);</b></p><p><b>galloping inflation (prices rise by 10% to 50% annually);</b></p><p><b>hyper-inflation (prices rise by more than 50% annually).</b></p><p>By studying nearly a century of monetary history in the United States between 1867 and 1960, Friedman reached a definitive conclusion regarding inflation:</p><p><b>\"Inflation, at any time and in any place, is a monetary phenomenon.\"</b></p><p>Furthermore, according to Friedman's research, except for hyperinflation, inflation usually occurs 12-24 months after the money supply, and usually lasts longer than 24 months.</p><p>Therefore, manipulating inflation, to put it bluntly, is manipulating the issuance of currency, which is the responsibility of the central bank.</p><p><img src=\"https://static.tigerbbs.com/9c98d63d291d237f8950be12f1a0750f\" tg-width=\"1080\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Some people watch changes in the central bank's balance sheet to judge the trend of inflation—because the size of the central bank's balance sheet does indeed represent the total scale of the central bank's money printing, and the size of the balance sheet is completely under the central bank's control.</p><p>There's really nothing wrong with this approach. Unfortunately, reality is harsh. Apart from seeing the two commonalities that the central bank's balance sheet has been increasing and inflation has been persistent, you can hardly see the relationship between changes in inflation and changes in the size of the central bank's balance sheet.</p><p>For example, since 2008, we can observe the size of the Federal Reserve's balance sheet. After a period of surge, we can indeed observe that inflation will also surge a year later. However, most of the time, inflation has almost no reaction to changes in the size of the balance sheet.</p><p><img src=\"https://static.tigerbbs.com/b661b875fd52225ff055b573bda9d7bc\" tg-width=\"864\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p><p>In other major global economies, including Europe, China, and Japan, the size of central bank balance sheets is less closely related to inflation.</p><p>Some people focus on the rate of change of broad money, because the definition of broad money does indeed include all the money and credit derived from the base money in a society, representing the payment capacity of the entire society.</p><p>Let's take the US dollar M2 growth rate again to observe the relationship between broad money and inflation.</p><p><img src=\"https://static.tigerbbs.com/4566cd8037455a6e2d0f324863cab858\" tg-width=\"864\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p><p>The relationship between M2 growth rate and inflation is somewhat better than that between changes in asset size, but overall, no pattern can be seen.</p><p>More importantly, in both the United States and China, broad money mainly comes from the expansion of social credit. While the central bank can certainly influence its expansion speed through rate hike, interest rate cuts, money printing, and money collection, it is not entirely under the central bank's control. To a large extent, it is influenced by the economic environment, and the central bank must choose a data point that it can fully control and manipulate.</p><p>in the case of the US dollar, this data is called \"Currency in Circulation,\" which I call CiC.</p><p>Here's an interpretation of the main components of the Federal Reserve's liability side.</p><p>On the Federal Reserve's asset side, the question is what it uses to print money; The Federal Reserve's liability side is the question of which accounts the money it prints ultimately flows into.</p><p>According to the Federal Reserve's balance sheet, the Fed's liability side currently mainly consists of four parts:</p><p><b>1) Bank reserves:</b>This includes banks' required reserves and excess reserves. The required reserve ratio in the United States is very low, but since the 2008 global financial crisis, the amount of excess reserves held by major banks in the Federal Reserve's accounts has increased rapidly and is currently the largest item on the Federal Reserve's liability side. This money belongs to major banks but is kept in the Federal Reserve's reserve accounts and does not circulate to society.</p><p><b>2) Federal government accounts:</b>There's not much to say about this. It's just that the U.S. Treasury Department has an Account with the Federal Reserve, commonly known as the \"TGA (Treasury General Account).\" The funds shown in this Account have always been stored in the Federal Reserve Account and have not been circulated to society. If the US government spends it, the account balance will decrease, meaning it will circulate into society.</p><p><b>3) Funds in the Federal Reserve's reverse repo account:</b>This is a tool used by the Federal Reserve to regulate the tightness of credit in financial markets in the short term. It is the exact opposite of the People's Bank of China's reverse repos. The Federal Reserve's reverse repos are an action to withdraw market funds, and the funds involved are also deposited in the Federal Reserve's accounts, not money circulating in society. The funds in reverse repurchase accounts have always been negligible. However, since the 2008 global financial crisis, in order to recover excessive liquidity in the financial market, the scale of reverse repos has grown rapidly. Starting in April 2020, the size of this account soared to a massive level, becoming one of the Federal Reserve's most important liabilities.</p><p><b>4) Currency in circulation:</b>There's not much to say about this. The total amount of funds in all accounts currently held at member banks of the Federal Reserve (almost all large and medium-sized banks in the United States are member banks of the Federal Reserve) is the money that is actually circulating in American society.</p><p>Except during the 2008 financial crisis and a few other times, these four accounts together account for more than 90% of the Federal Reserve's total liabilities, currently accounting for 96%. The Federal Reserve regulates and changes the total amount of money circulating in American society through the balance of these four accounts, thereby influencing the inflation situation of the entire society.</p><p>Comparing the annualized growth rate of CiC over the past 20 years with CPI inflation 12 months later not only reveals a high correlation between the growth rate of CiC and inflation, but also clearly demonstrates the Federal Reserve's operational strategy.</p><p>The adjustment strategy is very simple:</p><p><b>When inflation is high and rising, every effort is made to reduce the growth rate of money in circulation.</b></p><p><b>When inflation is low and declining, efforts are made to increase the growth rate of the currency in circulation.</b></p><p>After the 9/11 attacks in 2001, the Federal Reserve significantly increased the amount of money in circulation, which led to U.S. CPI inflation rising and exceeding 2% from the end of 2002 and remaining above 2%. The Federal Reserve then took a series of measures to withdraw some of the liquidity from the market, and as long as market inflation remained high, the CiC's growth rate remained low.</p><p>By early 2008, the annualized growth rate of money in circulation had fallen to near zero. Shortly thereafter, a global financial crisis triggered by the subprime mortgage crisis broke out, inflation dropped sharply, and the Federal Reserve immediately chose to print money aggressively (QE1). Under the control of the Federal Reserve, the growth rate of money in circulation surged starting from the end of 2008, and starting from mid-2009, the US inflation level also surged from its low level and returned to above 2%.</p><p>Then, the Federal Reserve chose to stop QE1, which quickly caused the CiC's growth rate to plummet. The Fed had to start QE2, which caused the CiC's growth rate to surge again, thus keeping the US inflation rate above 2%.</p><p>When the US inflation rate remained at 1%-2%, the Federal Reserve believed that it had achieved its monetary target, so it controlled the slow decline in the CiC growth rate. This process continued until September 2019, after which CiC growth was basically maintained at a low level. However, with the outbreak of the global COVID-19 pandemic in March 2020, there was a risk of a sharp decline in the US inflation rate. The Federal Reserve immediately launched unlimited quantitative easing (QE) and printed money aggressively, causing the CiC's growth rate to continue to surge to a record high of nearly 17%...</p><p>In March of this year, the U.S. inflation rate rose rapidly again. Although QE was still ongoing, the Federal Reserve began to lower the annualized growth rate of the CiC again, bringing it down from a high of nearly 17%.</p><p>Observing the changes in the Federal Reserve's liabilities over the past year and a half, we can clearly see the Fed's strategy for manipulating the CiC growth rate:</p><p>First, through unlimited QE money printing, the balance sheet size surged by more than 80%; However, in order to avoid the chaos in the capital market and social value system caused by the direct doubling of money supply, the scale of reserves and reverse repos began to surge: the reserve account increased at a rate of more than 100%, while the growth rate of reverse repos accounts was also close to 100%. As for the U.S. Treasury account, its growth rate exceeded 1000% because the federal government needed to cope with the future frenzied spending spree...</p><p>Under these three major growth categories, although the growth rate of money circulating in society reached its highest level in history, it only exceeded 10%, thus ensuring that the scale of dollar circulation in society as a whole grows within a relatively normal range and does not subvert the dollar value foundation of society as a whole.</p><p>This process continued until March 2021, when, as U.S. inflation data \"rapidly exceeded the standard,\" the Federal Reserve began to rapidly reduce the growth rate of the CiC by rapidly reducing the growth rate of reserves. In addition, as the U.S. Treasury Department's money is distributed by the government to citizens and businesses, the Treasury Department's account quota has decreased by more than 50%. To offset this impact, the Federal Reserve aggressively launched reverse repurchase accounts, with the quota of reverse repurchase accounts increasing by more than 500%...</p><p>Under this series of large-scale operations, CiC's annualized growth rate has begun to gradually decrease, and has now dropped below 10%, moving towards a \"normalization\" level.</p><p>Clearly, regardless of drastic changes in the total size of the balance sheet, reserves, reverse repos, or the amount of government accounts (which are controlled by the U.S. Treasury Department, not the Federal Reserve), the Federal Reserve's policy goal is to maintain the money in circulation at all times.<b>\"Stable growth\"</b>—On the basis of stable growth, adjust the growth rate according to the level of inflation, thereby controlling future inflation.</p><p>This is the Federal Reserve's overall approach to manipulating dollar inflation.</p><p>Previously, I wrote articles informing everyone about the manipulation of inflation data by government statistical departments around the world. However, inflation manipulation is not just a matter for statistical bureaus; it is also a matter for central banks around the world, including the Federal Reserve.<b>primary task</b>。</p><p>In fact, as early as June 2020, with the CiC growth rate surging, the Federal Reserve was well aware, based on historical patterns, that US inflation would inevitably \"significantly exceed the target\" in the second quarter of 2021, which is why it proposed the so-called...<b>\"Average inflation targeting system\"</b>They were just unsure how far this \"excess\" could go.</p><p>Currently, large-scale quantitative easing (QE) has become the Federal Reserve's \"normal operation,\" coupled with drastic changes in the U.S. government's account balance. At this point, the Federal Reserve's reserve account and reverse repurchase account act as a super buffer to absorb drastic changes in the dollar money supply. It is conceivable that these two accounts will continue to play this role over the next year and become a tool for the Federal Reserve to manipulate inflation.</p><p>Furthermore, the reason why Powell has consistently vowed that the Federal Reserve has ways to deal with inflation is actually due to his confidence in adjusting the reserve account and reverse repurchase account.</p><p>This raises the question: the CiC growth rate has now rapidly dropped below 10%, starting to catch up with the average level of the past 10 years, and the Federal Reserve has confidently stated that it can combat inflation.</p><p>So, is the current inflation in the United States really temporary, like after QE in 2008?</p><p>Although that's another question, to be honest, I personally think the outcome may not be what the Federal Reserve claims. Because the current and future global economic situation is completely different from that after 2008. In previous articles, I have repeatedly emphasized that this round of inflation is likely to continue.</p><p>Consider this: in mid-2002, CiC's annualized growth rate only exceeded 10% for a very short period, but for the next five years or so, the inflation rate in the United States exceeded 3% for half of the time...</p><p>Following the frenzied money printing since the beginning of 2020, the severity of this global inflation is likely to exceed that of 20 years ago. After all, inflation is influenced by too many internal and external factors, unlike the Federal Reserve's account, which can be manipulated however it wants.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/j-I4SnKxJHxF3XljSZHIKg\">财主家的余粮</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f9e9a265cb0e7e8cb195039b2fe24a4","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","QQQ":"纳指100ETF","TQQQ":"纳指三倍做多ETF",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares","IVV":"标普500ETF-iShares","DOG":"道指ETF-ProShares做空","SDS":"两倍做空标普500 ETF-ProShares",".DJI":"道琼斯","SQQQ":"纳指三倍做空ETF","DDM":"2倍做多道指ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","OEX":"标普100","SPY":"标普500ETF",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF-ProShares"},"source_url":"https://mp.weixin.qq.com/s/j-I4SnKxJHxF3XljSZHIKg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187114664","content_text":"按照价格上升的速度，人们通常将通货膨胀划分为以下几个级别：\n爬行通货膨胀(creeping inflation, 每年物价上升1%~3%);\n温和通货膨胀(moderate inflation, 每年物价上升3%~6%);\n严重通货膨胀(raging inflation, 每年物价上升6%~9%);\n急剧通货膨胀(galloping inflation, 每年物价上升10%~50%);\n超级通货膨胀(hyper-inflation, 每年物价上升50%以上)。\n通过研究美国1867-1960年之间近百年的货币史，关于通货膨胀，弗里德曼得出来了一个斩钉截铁的结论：\n“通货膨胀，在任何时间，在任何地点，都是一个货币现象”。\n进一步地，根据弗里德曼的研究，除了超级通货膨胀之外，通货膨胀的发生，通常都发生在货币增发之后的12-24个月，而且持续时间，通常比24个月更久。\n所以，如何操纵通胀，说白了就是操纵货币的发行，这是央行的事儿。\n\n有人盯着央行的资产负债表变动，以此来判断通胀的走势——因为，央行资产负债表规模，确确实实代表了央行印钞的总规模，而且资产负债表大小完完全全在央行的操控之下。\n这个思路的确没啥问题。可惜，现实却很骨感，除了能看到央行资产负债表一直在增加、而通胀也一直持续这两个共同点之外，你几乎看不到通货膨胀变化与央行资产负债表规模变化之间的关系。\n例如，自2008年以来，我们可以观察到美联储的资产负债表规模，在阶段性的暴涨过后，的确能观察到一年之后的通胀也阶段性暴涨之外，但绝大部分时间通胀对资产负债表规模的变化几乎没有反应。\n\n其他的全球主要经济体，包括欧洲、中国和日本，央行资产负债表规模与通胀的关系更小。\n有人盯着广义货币的变化速率，因为广义货币的定义，的确包含了一个社会上由基础货币所衍生出来的所有货币和信贷，代表着整个社会的支付能力。\n再次拿美元M2增速，来观察广义货币与通货膨胀的关系。\n\nM2增长率与通货膨胀的关系比资产规模变化好一些，但整体还是看不出来什么规律。\n更重要的是，无论美国还是中国，广义货币主要来自于社会信贷的扩张，央行固然可以通过加息降息印钞收钞来影响其扩张速度，但毕竟不是完全在央行的管控之下，其很大程度上，受到经济环境的影响，而央行必须选一个自己能够完全掌控和操纵的数据。\n就美元而言，这个数据叫“流通中的货币（Currency in Circulation）” ，我称之为CiC。\n这里解读一下美联储负债端的主要构成。\n美联储的资产端，是它拿什么来印钞的问题；而美联储的负债端，则是它所印的钱，最终都流向了哪些账户的问题。\n根据美联储的资产负债表，目前，美联储的负债端主要由4个部分构成：\n1）银行准备金：包括了银行的法定准备金和超额准备金，美国的法定准备金率很低，但是自2008年全球金融危机以来，各大银行存放在美联储账户上的超额准备金额度迅速增长，目前是美联储负债端第一大项，这些钱隶属于各大银行，但是放在美联储的准备金账户上，未流通到社会上。\n2）联邦政府账户：这个没什么好说的，就是美国财政部开在美联储的账户，俗称为“TGA（Treasury General Account）”，这里面所显示的资金，一直存放在美联储账户上，并未流通到社会上。如果美国政府花出去，账户额会降低，就是流通到了社会上。\n3）美联储的逆回购账户资金：这是美联储用于短期调节金融市场信用松紧的工具，和中国央行的逆回购正好相反，美联储逆回购是收回市场资金的举动，这里面的资金，也是存放在美联储的账户上，不是社会上流通的钱。一直以来，逆回购账户资金不值一提。但自2008年全球金融危机之后，为了收回金融市场上过多的流动性，逆回购规模快速增长；从2020年4月份开始，这个账户规模更是飙升至天量，成为美联储最主要的负债端之一。\n4）流通中的货币：这个没啥说的，就是目前开在美联储会员银行（美国几乎所有的大中型银行都是美联储的会员银行）所有账户资金总和，是真正流通在美国社会上的钱。\n除了2008年金融危机期间及其他极少数时间，这4个账户总和，占到美联储负债总规模的90%以上，目前占比是96%。美联储正是通过这4个账户的平衡，来调节和改变美国社会上所流通的货币总量，进而影响整个社会的通货膨胀情况。\n把过去20年里CiC的年化增长率与12个月后的CPI通胀进行对比，除了能看出来CiC的增长率与通胀相关性很高之外，也明显看出美联储的操作思路。\n调节思路非常简单：\n通胀率处于高位且上升阶段，就想方设法降低流通货币增长率；\n通胀率处于低位且下降阶段，就使劲儿增加流通货币的增长率。\n2001年“911事件”爆发之后，美联储大肆增加流通货币数量，由此导致从2002年底开始，美国的CPI通胀开始上升并突破2%并一直保持在2%以上。随后美联储就采取一系列措施，收回市场上的一部分流动性，而且只要市场通胀率位于高位，CiC的增长率就一直让其保持在低位。\n到了2008年初，流通货币的年化增长率已经降至接近于0的水平。此后不久，又爆发了由次贷危机引发的全球金融危机，通胀水平急剧下降，美联储立即选择了疯狂印钞（QE1）。在美联储的操纵之下，自2008年底开始，流通货币增长率暴涨，从2009年年中开始，美国通胀水平也从低位开始暴涨并回到了2%以上。\n然后，美联储选择了停止QE1，结果CiC的增长率很快暴跌，美联储不得不开启QE2，让CiC的增长率再度暴涨，由此才将美国的通胀率维持在2%以上。\n当美国的通胀率维持在1%-2%水平的时候，美联储认为已经达成了货币目标，于是控制CiC的增长率缓慢下降，这一过程一直持续到2019年9月份，此后基本维持CiC低位增长。但随着2020年3月份全球新冠疫情的爆发，美国通胀率有急剧下降风险，美联储立即启动了无限QE，疯狂印钞，让CiC的增长率持续暴涨到近17%的历史极高位……\n今年3月份，美国的通胀率再度迅速上升，虽然还在持续QE，但美联储就又开始着手降低CiC的年化增长率，将其从近17%的高位降下来。\n观察最近一年半来美联储的负债项变化，可以清晰地发现美联储操纵CiC增长率的思路：\n先是通过无限QE印钞，资产负债表规模暴涨了80%以上；但同时，为避免市场上货币直接翻倍可能导致的资本市场及社会价值体系混乱，准备金和逆回购规模开始暴涨：准备金账户以超过100%的速度增加，而逆回购账户的增长率也接近100%。至于美国财政部账户，因为联邦政府要应对未来的疯狂撒钱，其增长率更是超过1000%……\n在这三个大项增长之下，社会上流通的货币增长率尽管达到了有史以来的最高水平，但也仅仅是超过了10%，从而确保整个社会流通美元的规模在一个相对正常的范围增长，不至于颠覆整个社会的美元价值基础。\n这一过程一直持续到2021年3月份，随着美国的通胀数据的“迅速超标”，美联储开始火速降低CiC的增长率，办法就是快速降低准备金的增速。另外，随着美国财政部的钱都被政府发给民众和企业，财政部账户额度的降速更是超过了50%。为抵消这个影响，美联储又强力启动逆回购账户，逆回购账户额度增速超过了500%……\n在这一系列大手笔操作之下，CiC的年化增长率开始逐渐降低，目前已经降低到了10%以下，向着“正常化”的水平迈进。\n显然，不管资产负债表总规模、准备金、逆回购或者政府账户（这个受美国财政部控制，不是美联储说了算）的额度如何剧烈变化，美联储的政策目标，就是始终保持社会上流通货币的“稳定增长”——在稳定增长的基础上，根据通货膨胀的高低，调整其增长率，进而对未来通胀加以操控。\n这就是美联储操纵美元通货膨胀的整体思路。\n以前，我曾经写过文章，告知大家关于各国政府统计部门对于通胀数据的操纵，但通胀操纵这事儿，可不仅仅是统计局一家的事儿，更是包括美联储在内各国央行的首要任务。\n实际上，就在2020年6月，随着CiC增长率的暴涨，根据历史规律，美联储已经很清楚， 2021年二季度美国的通胀必然会 “大大超标”，所以才提出来了所谓的“平均通胀目标制”，他们只是不确定这个“超标”能够超到什么程度而已。\n目前，大规模QE变成了美联储的“正常操作”，而且叠加了美国政府账户额度的剧烈变化。此时，美联储的准备金账户和逆回购账户，就像是吸收美元货币量剧烈变化的超级缓冲器。可以想象的是，在未来一年内，这两个账户还将持续发挥这种作用，并成为美联储操纵通胀的抓手。\n进一步地，鲍威尔为什么一直信誓旦旦地说，即使出现了通胀，美联储也有办法进行应对，其实也是对于调节准备金账户和逆回购账户的自信。\n这么一来，有人就问了，说现在CiC增长率已经迅速降低到了10%以下，开始向过去10年的平均水平看齐，而且美联储也信誓旦旦地说能够应对通胀——\n那么，现在美国的通胀是不是就真的是暂时的，像2008年的QE之后一样？\n虽然说，这是另外一个问题，但老实说，我个人觉得，结果可能不是美联储所宣称的那样。因为现在以及未来的全球经济状况，与2008年之后完全不一样。在以往文章里，我也多次强调，这一轮的通胀，大概率会持续下去。\n想想看，2002年年中，CiC的年化增长率，只是在极短时期内超过了10%，但在此后5年多的时间里，美国的通胀率在一半时间里都超过了3%……\n2020年初迄今的疯狂印钞之后，这一次的全球通胀，其严重性大概率会超过20年前。毕竟，通胀这玩意儿，有太多的内部和外部因素影响，可不像美联储的账户一样，自己想怎么玩，就怎么玩。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"ESmain":0.9,"QID":0.9,"SSO":0.9,".SPX":0.9,"SPXU":0.9,"IVV":0.9,"OEX":0.9,".IXIC":0.9,"SQQQ":0.9,"SPY":0.9,"DOG":0.9,"QQQ":0.9,"SDS":0.9,"DDM":0.9,".DJI":0.9,"SH":0.9,"TQQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":4068,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810709690,"gmtCreate":1630001799910,"gmtModify":1676530197386,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/810709690","repostId":"1131333217","repostType":4,"repost":{"id":"1131333217","kind":"news","pubTimestamp":1629990960,"share":"https://ttm.financial/m/news/1131333217?lang=en_US&edition=fundamental","pubTime":"2021-08-26 23:16","market":"hk","language":"zh","title":"Five financial figures reveal the essence of JD.com","url":"https://stock-news.laohu8.com/highlight/detail?id=1131333217","media":"锌财经","summary":"本周，京东集团正式对外发布2021年第二季度财报，相比于2538亿元净收入等备受关注的大数字，31、40、55、450、800等5个看似不起眼的财报小数字，却让锌财经看到了京东的本质。\n31天：京东将","content":"<p>This week,<a href=\"https://laohu8.com/S/JD\">JD.com</a>The group officially released its financial report for the second quarter of 2021. Compared to the much-anticipated big figures such as RMB 253.8 billion in net revenue, five seemingly insignificant small figures in the financial report, namely 31, 40, 55, 450, and 800, allowed Zinc Finance to see the essence of JD.com.</p><p>31 days: JD.com further reduced its inventory turnover days to 31 days, and its fulfillment expense ratio dropped to 5.8%, setting a new historical record.</p><p>400,000 employees: The number of employees in JD.com's listed and non-listed companies is nearly 400,000, an increase of nearly 120,000 compared with the same period last year, and employee compensation and benefits have steadily improved;</p><p>550,000 units: JD.com's infrastructure can cover more than 550,000 administrative villages across the country, and it is playing an increasingly important role in promoting urban-rural consumption equity and supporting the development of township industries;</p><p>450: One year,<a href=\"https://laohu8.com/S/02618\">JD Logistics</a>The number of warehouses in operation has increased by 450, which is equivalent to the total number of warehouses that JD.com has grown over the ten years since it started building its own logistics network in 2007 to 2017.</p><p>8 million customers: JD.com has over 8 million active corporate customers and is the common choice of over 91% of Fortune Global 500 companies in China...</p><p>There are many other small figures with special significance in the recently released financial report. In the view of Zinc Finance, they may be the ones that truly reflect the essence of JD.com.</p><p><img src=\"https://static.tigerbbs.com/26fb11e408a214b96e1a1800cc080bc7\" tg-width=\"641\" tg-height=\"425\" referrerpolicy=\"no-referrer\"></p><p><b>550,000, a marathon-like victory</b></p><p>In Milin County, Nyingchi City, Tibet, which is 4,000 kilometers away from JD.com's headquarters, local consumers used to need to go to Lhasa, then transport it to Nyingchi, and then to Milin County to receive the goods, taking 10 days to 1 month.</p><p>At the same time, on a plateau at an altitude of 4,000 meters in Xinghai County, Qinghai Province, 2,000 kilometers away, Yin Cuo, the station manager of JD Express, was recruiting. Previously, she took on the responsibility of providing express delivery services in this remote county town on a \"one person, one stop\" basis. In more than five years, she delivered nearly 200,000 orders and traveled more than 250,000 kilometers. She has only one belief: to deliver every order well and serve every user well.</p><p>Although the Qinghai-Tibet Plateau is located in a remote area with inconvenient transportation, which limits daily consumption, it has not hindered consumers' desire to shop.</p><p>In 2011, JD.com built its first self-operated delivery station in Tibet and launched a small and medium-sized parcel delivery service; In 2015, JD.com launched a delivery service for large appliances in Tibet; In 2017, JD.com and the Tibet Autonomous Region signed a comprehensive strategic cooperation agreement to accelerate investment and construction of warehousing and logistics in Tibet. Subsequently, JD.com's warehousing and logistics center in Lhasa went into operation. This is the first e-commerce logistics center in Tibet, which has improved the online shopping delivery time in Tibet from ten days to half a month to the fastest \"same-day delivery\" in Lhasa. In addition, in order to break through the limitations of daily necessities consumption in Tibet, JD.com has undertaken a national-level e-commerce demonstration project in 47 counties in Tibet since 2020, and plans to open 100 convenience stores in Tibet this year.</p><p><img src=\"https://static.tigerbbs.com/4d1dda6ab30a9736f4dfc35bc7d7f220\" tg-width=\"969\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p>The Qinghai-Tibet Plateau is a microcosm of JD.com's accelerated expansion in recent years. According to financial reports, JD.com's infrastructure has covered more than 550,000 administrative villages across the country. It has not only expanded JD.com's reach, but has also played an increasingly important role in promoting urban and rural consumption fairness and supporting the development of township industries.</p><p><b>450 infrastructure enthusiasts, catching up with ten years in one year.</b></p><p>The ability to achieve \"same-day delivery\" and \"next-day delivery\" directly reflects a kind of \"JD.com speed\".</p><p>As of June 30, 2021, JD Logistics operated approximately 1,200 warehouses, including the cloud warehouse area managed by JD Logistics, with a total warehousing area of approximately 23 million square meters. In one year, the number of warehouses operated by JD Logistics increased by 450, which is equivalent to the total number of warehouses that JD has grown over the ten years since it started building its own logistics network in 2007 to 2017.</p><p>In order to solve the transportation needs of several special drugs,<a href=\"https://laohu8.com/S/06618\">JD Health</a>In the second quarter, JD Logistics successfully built a drug \"self-operated cold chain\" capability covering 100 cities in 12 provincial-level administrative regions across the country, which can effectively help JD Pharmacy accelerate the expansion of special drugs such as rare disease drugs.</p><p>It was thanks to its nationwide infrastructure network that JD.com delivered supplies to the disaster relief sites as soon as the earthquakes struck Yangbi County in Dali Prefecture, Yunnan Province and Mado County in Guoluo Prefecture, Qinghai Province in May this year. During the floods in Henan in July, a large number of flood control supplies and daily necessities were allocated from the nearest warehouse to urgently provide assistance to the disaster area. In August, sufficient supplies of daily necessities were provided to cities with medium- and high-risk areas of the epidemic, such as Nanjing and Zhengzhou, to ensure stable prices.</p><p>To date, JD Logistics has built six major networks, including a warehousing network, an integrated transportation network, a last-mile delivery network, a large-item network, a cold chain network, and a cross-border network. Its service area covers 550,000 administrative villages in China, with 92% of districts and counties and 84% of townships achieving \"same-day\" or \"next-day delivery,\" and its global reach exceeds 220 countries and regions.</p><p>This shows that the infrastructure mania not only solved the \"last mile\" in sales for enterprises, but also filled the \"first mile\" in the supply chain. It accelerated the full-domain circulation of goods and truly realized their maximum value.</p><p><b>31 days, the core innovation behind efficiency</b></p><p>JD.com's aggressive expansion of its infrastructure is inseparable from years of continuous investment in technology.</p><p>Since its comprehensive transformation towards technology in early 2017, JD.com has invested nearly 70 billion yuan in technology. Continuous technological investment has effectively improved JD.com's operational efficiency. In the second quarter, after reaching 9 million SKUs of self-operated products, JD.com further reduced its inventory turnover days to 31 days and its fulfillment expense ratio to 5.8%, setting a new historical record.</p><p>During this year's JD.com 618 shopping festival,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The supply chain provides more than 400,000 intelligent supply chain decisions such as replenishment and allocation every day. JD.com has achieved intelligent supply chain collaboration with 64% of its self-operated suppliers. It is precisely the pre-sale process based on intelligent decision-making that enables minute-level delivery in 200 cities.</p><p>As of June 30, JD Logistics had applied for and obtained more than 500 patents related to unmanned delivery. As a new generation of advanced large-scale automated warehousing, production and management system, Beidou New Warehouse can operate millions of SKUs, which can shorten the fulfillment time by 2-3 hours. In the last-mile delivery segment, JD Logistics has established a complete system for the research, development, testing and operation of autonomous driving technology; Level 4 autonomous intelligent delivery vehicles, equipped with fully self-developed technology, have been put into operation in more than 10 cities across the country.</p><p><img src=\"https://static.tigerbbs.com/33a1ad1e60df30965b8f0ba4fd891ae4\" tg-width=\"640\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p>In addition, JD Discovery Research Institute brings together more than 200 young scientists from around the world to continuously promote innovative research in basic science fields such as trusted artificial intelligence, super deep learning, and quantum machine learning. Previously, JD Exploration Research Institute, in conjunction with the China Academy of Information and Communications Technology, released China's first \"Trusted Artificial Intelligence White Paper\" to the world.</p><p>Currently, JD Cloud has launched the industry's first hybrid cloud operating system, \"Cloud Ship,\" which for the first time elevates hybrid cloud management to the operating system level. Leveraging the Cloud Ship Open Application Market, JD Cloud also launched the industry's first fully open PaaS ecosystem, the \"Cloud Building Plan\".</p><p>It can be said that from<a href=\"https://laohu8.com/S/000931\">Zhongguancun</a>JD.com, which emerged from this, possesses a strong technological gene and is using continuous technological innovation as its foundation to unleash greater social value as a new type of physical enterprise.</p><p><b>8 million households, growing together by teaching people to fish</b></p><p>With its large-scale infrastructure and innovative technology as a foundation, JD.com can contribute more social value and grow together with numerous customers in the industry chain.</p><p>It is reported that JD.com has more than 8 million active enterprise customers, and its cooperation coverage rate with Fortune Global 500 companies reaches 91%. JD.com's achievements are due to its years of experience in enterprise procurement.</p><p>Especially during the 2020 COVID-19 pandemic, JD.com's enterprise business continued to ensure the supply of epidemic prevention and resumption of work and production materials for various enterprises, providing strong support for the uninterrupted provision of public services. During the economic recovery period, JD.com's corporate business also focused on resuming work and production.<a href=\"https://laohu8.com/S/0KFX.UK\">Danone</a>The front line of reaching full production capacity. In March, as the pandemic eased, JD.com's enterprise business immediately launched the \"Enterprise Resumption of Work Guarantee Plan,\" actively responding to material needs from the government and industries such as healthcare, railways, and rail transit, serving more than 1.31 million enterprise customers.</p><p>Song Chunzheng, Vice President of JD.com and President of the Enterprise Business Unit, once stated that as the largest comprehensive enterprise digital procurement platform, JD.com's enterprise business will continuously deepen technological innovation and industrial synergy. While providing more valuable services to enterprise customers, it will drive the enterprise service market to form a healthy ecosystem of win-win development and contribute to the recovery of Chinese enterprises and the Chinese economy in its own way.</p><p>Today, more than 1,000 manufacturing companies are leveraging JD.com's C2M reverse supply chain to enhance their new product development capabilities, and this number is expected to increase to 10,000 in the next three years. 59,000 companies are using the integrated supply chain services provided by JD Logistics, achieving cost reduction and efficiency improvement; More than 1,300 large enterprises and over 1.2 million small and medium-sized enterprises are using the one-stop digital technology services provided by JD Cloud.</p><p>Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a JD.com is proving through its actions that achieving common prosperity for all partners in the industry chain is not a dream.</p><p><b>400,000 people, building compliant development through hard work</b></p><p>The purpose of technological development is not to replace people, but to better serve them. JD.com is committed to improving work efficiency and reducing workload through technological innovation, so that employees can have a greater sense of gain, belonging, and happiness.</p><p>As of June 30, 2021, JD.com had nearly 400,000 employees in its listed and non-listed companies (some listed companies had more than 320,000 employees excluding part-time staff and interns, ranking among the top private enterprises), an increase of nearly 120,000 compared to the same period last year.</p><p>In the first half of this year, JD Logistics paid an average monthly salary of more than 11,000 yuan to 260,000 frontline employees. Unlike most express delivery companies, JD.com's nearly 300,000 blue-collar workers, including delivery drivers, are all full-time employees with formal labor contracts. JD.com provides its logistics drivers with six social insurances and one housing fund, including accidental injury commercial insurance.</p><p><img src=\"https://static.tigerbbs.com/fcde507599867fa58735921c74588c01\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>Not long ago, JD.com announced that from July 1, 2021 to July 1, 2023, it will gradually increase the average annual salary of its employees from 14 salaries to 16 salaries over two years. In addition, JD.com provides employees with a range of benefits, such as the \"Housing Plan,\" employee relief funds, child reunification subsidies for employees working overtime during the Spring Festival, special circumstances subsidies, and COVID-19 insurance.</p><p>JD.com has always adhered to the simplest business logic: only when a company treats its employees well can employees serve customers with sincerity, and only then can customers repay the company with trust.</p><p>Judging from the treatment of its most basic frontline employees, it can be seen that JD.com has long since deeply integrated the concept of \"compliance is development\" into all aspects of its business.</p><p><b>JD.com, the values of physical enterprises</b></p><p>Starting with the \"three-foot counter\" in Zhongguancun 18 years ago, JD.com was still a...<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>Despite facing immense pressure to survive, everyone firmly followed the right path, did practical things, and refused to sell counterfeit goods, evade taxes, or offer or accept bribes. Today, JD.com's ranking has risen to 59th in Fortune's 2021 Global 500 list.</p><p>\"For 18 years since its founding, JD.com has always put the interests of its users, partners, and employees first, and has long adhered to righteous business values,\" said Liu Qiangdong, Chairman and CEO of JD.com. Today, JD.com has grown into a leading supply chain-based technology and service company in China, serving millions of business partners and 532 million users. With hundreds of thousands of full-time employees and a modern intelligent supply chain and infrastructure network, JD.com has grown into a new type of physical enterprise rooted in and serving the long-term development of China's real economy.</p><p>JD.com, which is growing in scale, social influence, and social value, is gradually taking shape.</p><p>According to Zinc Finance, 31, 40, 55, 450, 800... these inconspicuous little numbers in the financial report actually reflect the values that JD.com upholds and the social value it creates as a new type of physical enterprise. Perhaps this is the essence of JD.com.</p>","source":"lsy1568892980557","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>Five financial figures reveal the essence of JD.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFive financial figures reveal the essence of JD.com\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">锌财经</strong><span class=\"h-time small\">2021-08-26 23:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>This week,<a href=\"https://laohu8.com/S/JD\">JD.com</a>The group officially released its financial report for the second quarter of 2021. Compared to the much-anticipated big figures such as RMB 253.8 billion in net revenue, five seemingly insignificant small figures in the financial report, namely 31, 40, 55, 450, and 800, allowed Zinc Finance to see the essence of JD.com.</p><p>31 days: JD.com further reduced its inventory turnover days to 31 days, and its fulfillment expense ratio dropped to 5.8%, setting a new historical record.</p><p>400,000 employees: The number of employees in JD.com's listed and non-listed companies is nearly 400,000, an increase of nearly 120,000 compared with the same period last year, and employee compensation and benefits have steadily improved;</p><p>550,000 units: JD.com's infrastructure can cover more than 550,000 administrative villages across the country, and it is playing an increasingly important role in promoting urban-rural consumption equity and supporting the development of township industries;</p><p>450: One year,<a href=\"https://laohu8.com/S/02618\">JD Logistics</a>The number of warehouses in operation has increased by 450, which is equivalent to the total number of warehouses that JD.com has grown over the ten years since it started building its own logistics network in 2007 to 2017.</p><p>8 million customers: JD.com has over 8 million active corporate customers and is the common choice of over 91% of Fortune Global 500 companies in China...</p><p>There are many other small figures with special significance in the recently released financial report. In the view of Zinc Finance, they may be the ones that truly reflect the essence of JD.com.</p><p><img src=\"https://static.tigerbbs.com/26fb11e408a214b96e1a1800cc080bc7\" tg-width=\"641\" tg-height=\"425\" referrerpolicy=\"no-referrer\"></p><p><b>550,000, a marathon-like victory</b></p><p>In Milin County, Nyingchi City, Tibet, which is 4,000 kilometers away from JD.com's headquarters, local consumers used to need to go to Lhasa, then transport it to Nyingchi, and then to Milin County to receive the goods, taking 10 days to 1 month.</p><p>At the same time, on a plateau at an altitude of 4,000 meters in Xinghai County, Qinghai Province, 2,000 kilometers away, Yin Cuo, the station manager of JD Express, was recruiting. Previously, she took on the responsibility of providing express delivery services in this remote county town on a \"one person, one stop\" basis. In more than five years, she delivered nearly 200,000 orders and traveled more than 250,000 kilometers. She has only one belief: to deliver every order well and serve every user well.</p><p>Although the Qinghai-Tibet Plateau is located in a remote area with inconvenient transportation, which limits daily consumption, it has not hindered consumers' desire to shop.</p><p>In 2011, JD.com built its first self-operated delivery station in Tibet and launched a small and medium-sized parcel delivery service; In 2015, JD.com launched a delivery service for large appliances in Tibet; In 2017, JD.com and the Tibet Autonomous Region signed a comprehensive strategic cooperation agreement to accelerate investment and construction of warehousing and logistics in Tibet. Subsequently, JD.com's warehousing and logistics center in Lhasa went into operation. This is the first e-commerce logistics center in Tibet, which has improved the online shopping delivery time in Tibet from ten days to half a month to the fastest \"same-day delivery\" in Lhasa. In addition, in order to break through the limitations of daily necessities consumption in Tibet, JD.com has undertaken a national-level e-commerce demonstration project in 47 counties in Tibet since 2020, and plans to open 100 convenience stores in Tibet this year.</p><p><img src=\"https://static.tigerbbs.com/4d1dda6ab30a9736f4dfc35bc7d7f220\" tg-width=\"969\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p>The Qinghai-Tibet Plateau is a microcosm of JD.com's accelerated expansion in recent years. According to financial reports, JD.com's infrastructure has covered more than 550,000 administrative villages across the country. It has not only expanded JD.com's reach, but has also played an increasingly important role in promoting urban and rural consumption fairness and supporting the development of township industries.</p><p><b>450 infrastructure enthusiasts, catching up with ten years in one year.</b></p><p>The ability to achieve \"same-day delivery\" and \"next-day delivery\" directly reflects a kind of \"JD.com speed\".</p><p>As of June 30, 2021, JD Logistics operated approximately 1,200 warehouses, including the cloud warehouse area managed by JD Logistics, with a total warehousing area of approximately 23 million square meters. In one year, the number of warehouses operated by JD Logistics increased by 450, which is equivalent to the total number of warehouses that JD has grown over the ten years since it started building its own logistics network in 2007 to 2017.</p><p>In order to solve the transportation needs of several special drugs,<a href=\"https://laohu8.com/S/06618\">JD Health</a>In the second quarter, JD Logistics successfully built a drug \"self-operated cold chain\" capability covering 100 cities in 12 provincial-level administrative regions across the country, which can effectively help JD Pharmacy accelerate the expansion of special drugs such as rare disease drugs.</p><p>It was thanks to its nationwide infrastructure network that JD.com delivered supplies to the disaster relief sites as soon as the earthquakes struck Yangbi County in Dali Prefecture, Yunnan Province and Mado County in Guoluo Prefecture, Qinghai Province in May this year. During the floods in Henan in July, a large number of flood control supplies and daily necessities were allocated from the nearest warehouse to urgently provide assistance to the disaster area. In August, sufficient supplies of daily necessities were provided to cities with medium- and high-risk areas of the epidemic, such as Nanjing and Zhengzhou, to ensure stable prices.</p><p>To date, JD Logistics has built six major networks, including a warehousing network, an integrated transportation network, a last-mile delivery network, a large-item network, a cold chain network, and a cross-border network. Its service area covers 550,000 administrative villages in China, with 92% of districts and counties and 84% of townships achieving \"same-day\" or \"next-day delivery,\" and its global reach exceeds 220 countries and regions.</p><p>This shows that the infrastructure mania not only solved the \"last mile\" in sales for enterprises, but also filled the \"first mile\" in the supply chain. It accelerated the full-domain circulation of goods and truly realized their maximum value.</p><p><b>31 days, the core innovation behind efficiency</b></p><p>JD.com's aggressive expansion of its infrastructure is inseparable from years of continuous investment in technology.</p><p>Since its comprehensive transformation towards technology in early 2017, JD.com has invested nearly 70 billion yuan in technology. Continuous technological investment has effectively improved JD.com's operational efficiency. In the second quarter, after reaching 9 million SKUs of self-operated products, JD.com further reduced its inventory turnover days to 31 days and its fulfillment expense ratio to 5.8%, setting a new historical record.</p><p>During this year's JD.com 618 shopping festival,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The supply chain provides more than 400,000 intelligent supply chain decisions such as replenishment and allocation every day. JD.com has achieved intelligent supply chain collaboration with 64% of its self-operated suppliers. It is precisely the pre-sale process based on intelligent decision-making that enables minute-level delivery in 200 cities.</p><p>As of June 30, JD Logistics had applied for and obtained more than 500 patents related to unmanned delivery. As a new generation of advanced large-scale automated warehousing, production and management system, Beidou New Warehouse can operate millions of SKUs, which can shorten the fulfillment time by 2-3 hours. In the last-mile delivery segment, JD Logistics has established a complete system for the research, development, testing and operation of autonomous driving technology; Level 4 autonomous intelligent delivery vehicles, equipped with fully self-developed technology, have been put into operation in more than 10 cities across the country.</p><p><img src=\"https://static.tigerbbs.com/33a1ad1e60df30965b8f0ba4fd891ae4\" tg-width=\"640\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p>In addition, JD Discovery Research Institute brings together more than 200 young scientists from around the world to continuously promote innovative research in basic science fields such as trusted artificial intelligence, super deep learning, and quantum machine learning. Previously, JD Exploration Research Institute, in conjunction with the China Academy of Information and Communications Technology, released China's first \"Trusted Artificial Intelligence White Paper\" to the world.</p><p>Currently, JD Cloud has launched the industry's first hybrid cloud operating system, \"Cloud Ship,\" which for the first time elevates hybrid cloud management to the operating system level. Leveraging the Cloud Ship Open Application Market, JD Cloud also launched the industry's first fully open PaaS ecosystem, the \"Cloud Building Plan\".</p><p>It can be said that from<a href=\"https://laohu8.com/S/000931\">Zhongguancun</a>JD.com, which emerged from this, possesses a strong technological gene and is using continuous technological innovation as its foundation to unleash greater social value as a new type of physical enterprise.</p><p><b>8 million households, growing together by teaching people to fish</b></p><p>With its large-scale infrastructure and innovative technology as a foundation, JD.com can contribute more social value and grow together with numerous customers in the industry chain.</p><p>It is reported that JD.com has more than 8 million active enterprise customers, and its cooperation coverage rate with Fortune Global 500 companies reaches 91%. JD.com's achievements are due to its years of experience in enterprise procurement.</p><p>Especially during the 2020 COVID-19 pandemic, JD.com's enterprise business continued to ensure the supply of epidemic prevention and resumption of work and production materials for various enterprises, providing strong support for the uninterrupted provision of public services. During the economic recovery period, JD.com's corporate business also focused on resuming work and production.<a href=\"https://laohu8.com/S/0KFX.UK\">Danone</a>The front line of reaching full production capacity. In March, as the pandemic eased, JD.com's enterprise business immediately launched the \"Enterprise Resumption of Work Guarantee Plan,\" actively responding to material needs from the government and industries such as healthcare, railways, and rail transit, serving more than 1.31 million enterprise customers.</p><p>Song Chunzheng, Vice President of JD.com and President of the Enterprise Business Unit, once stated that as the largest comprehensive enterprise digital procurement platform, JD.com's enterprise business will continuously deepen technological innovation and industrial synergy. While providing more valuable services to enterprise customers, it will drive the enterprise service market to form a healthy ecosystem of win-win development and contribute to the recovery of Chinese enterprises and the Chinese economy in its own way.</p><p>Today, more than 1,000 manufacturing companies are leveraging JD.com's C2M reverse supply chain to enhance their new product development capabilities, and this number is expected to increase to 10,000 in the next three years. 59,000 companies are using the integrated supply chain services provided by JD Logistics, achieving cost reduction and efficiency improvement; More than 1,300 large enterprises and over 1.2 million small and medium-sized enterprises are using the one-stop digital technology services provided by JD Cloud.</p><p>Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a JD.com is proving through its actions that achieving common prosperity for all partners in the industry chain is not a dream.</p><p><b>400,000 people, building compliant development through hard work</b></p><p>The purpose of technological development is not to replace people, but to better serve them. JD.com is committed to improving work efficiency and reducing workload through technological innovation, so that employees can have a greater sense of gain, belonging, and happiness.</p><p>As of June 30, 2021, JD.com had nearly 400,000 employees in its listed and non-listed companies (some listed companies had more than 320,000 employees excluding part-time staff and interns, ranking among the top private enterprises), an increase of nearly 120,000 compared to the same period last year.</p><p>In the first half of this year, JD Logistics paid an average monthly salary of more than 11,000 yuan to 260,000 frontline employees. Unlike most express delivery companies, JD.com's nearly 300,000 blue-collar workers, including delivery drivers, are all full-time employees with formal labor contracts. JD.com provides its logistics drivers with six social insurances and one housing fund, including accidental injury commercial insurance.</p><p><img src=\"https://static.tigerbbs.com/fcde507599867fa58735921c74588c01\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>Not long ago, JD.com announced that from July 1, 2021 to July 1, 2023, it will gradually increase the average annual salary of its employees from 14 salaries to 16 salaries over two years. In addition, JD.com provides employees with a range of benefits, such as the \"Housing Plan,\" employee relief funds, child reunification subsidies for employees working overtime during the Spring Festival, special circumstances subsidies, and COVID-19 insurance.</p><p>JD.com has always adhered to the simplest business logic: only when a company treats its employees well can employees serve customers with sincerity, and only then can customers repay the company with trust.</p><p>Judging from the treatment of its most basic frontline employees, it can be seen that JD.com has long since deeply integrated the concept of \"compliance is development\" into all aspects of its business.</p><p><b>JD.com, the values of physical enterprises</b></p><p>Starting with the \"three-foot counter\" in Zhongguancun 18 years ago, JD.com was still a...<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>Despite facing immense pressure to survive, everyone firmly followed the right path, did practical things, and refused to sell counterfeit goods, evade taxes, or offer or accept bribes. Today, JD.com's ranking has risen to 59th in Fortune's 2021 Global 500 list.</p><p>\"For 18 years since its founding, JD.com has always put the interests of its users, partners, and employees first, and has long adhered to righteous business values,\" said Liu Qiangdong, Chairman and CEO of JD.com. Today, JD.com has grown into a leading supply chain-based technology and service company in China, serving millions of business partners and 532 million users. With hundreds of thousands of full-time employees and a modern intelligent supply chain and infrastructure network, JD.com has grown into a new type of physical enterprise rooted in and serving the long-term development of China's real economy.</p><p>JD.com, which is growing in scale, social influence, and social value, is gradually taking shape.</p><p>According to Zinc Finance, 31, 40, 55, 450, 800... these inconspicuous little numbers in the financial report actually reflect the values that JD.com upholds and the social value it creates as a new type of physical enterprise. Perhaps this is the essence of JD.com.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/3sKk9WFSihH_VJsoHAhqnw\">锌财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/847d34c1e3c7971d406d09709e533466","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","09618":"京东集团-SW","JD":"京东"},"source_url":"https://mp.weixin.qq.com/s/3sKk9WFSihH_VJsoHAhqnw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131333217","content_text":"本周，京东集团正式对外发布2021年第二季度财报，相比于2538亿元净收入等备受关注的大数字，31、40、55、450、800等5个看似不起眼的财报小数字，却让锌财经看到了京东的本质。\n31天：京东将库存周转天数进一步降至31天，履约费用率降至5.8%，再创历史最优水平；\n40万人：京东体系上市公司及非上市公司员工数近40万人，较去年同期新增了近12万人，员工薪酬、福利待遇稳步提升；\n55万个：京东基础设施可覆盖全国55万多个行政村，在促进城乡消费公平、助力乡镇产业发展方面正发挥着越来越重要的作用；\n450个：一年间，京东物流运营的仓库数量增加了450个，这个数字相当于京东从2007年开始自建物流到2017年十年间的仓库增长总量；\n800万家：京东拥有超800万活跃企业客户，是超91%在华世界500强企业的共同选择……\n在刚刚发布的财报中，这样有着特殊意义的小数字还有很多，在锌财经看来，它们也许才能真正反应出京东的本质。\n\n55万个，一场马拉松般的胜利\n在距离京东总部车程4000公里外的西藏林芝市米林县，此前当地消费者要购买一件普通大家电，需要先到拉萨、再运到林芝，然后到米林县，收到货要10天至1个月。\n同一时间，在车程2000公里外的青海省兴海县海拔4000米的高原上，京东快递站站长银错正在招兵买马。以前，她以“一人一站”的方式扛下了这个偏远县城的快递服务，五年多的时间，配送了近20万单，行走了超过25万公里。她的信念只有一个：送好每一个单子，服务好每一个用户。\n虽然，青藏高原地处偏远、交通不便，日常消费受到很多局限，但并没有阻碍消费者的购物欲望。\n2011年，京东第一次在西藏建设自营配送站，开通中小件配送服务；2015年京东在西藏开通大家电配送服务；2017年，京东和西藏自治区签署全面战略合作协议，加快在西藏仓储物流的投资和建设。之后，京东在拉萨建造的仓储物流中心投入运营，这是西藏第一个电商物流中心，把西藏的网购时效从十天半个月提升到了最快拉萨“当日达”。此外，为了打破西藏地区日用品消费的局限，2020年起京东承接西藏47个县的国家级电子商务示范项目，计划今年在西藏落地100家便利店。\n\n青藏高原，是这几年京东加速扩张的一个缩影。据财报显示，京东基础设施已覆盖全国55万多个行政村。不仅实现了京东版图的扩张，更是在促进城乡消费公平、助力乡镇产业发展方面发挥出越来越重要的作用。\n450个，一年赶十年的基建狂魔\n能做到“当日达”和“次日达”，直接反映出的是一种“京东速度”。\n截至2021年6月30日，京东物流已经运营约1200个仓库，包含京东物流管理的云仓面积在内，京东物流仓储总面积约2300万平方米。一年间，京东物流运营的仓库数量增加了450个，这个数字相当于京东从2007年开始自建物流到2017年十年间的仓库增长总量。\n为了解决若干特殊药品的运输需求，京东健康在第二季度和京东物流成功构建了覆盖全国12个省级行政区内100个城市的药品“自营冷链”能力，可以有效地帮助京东大药房加速扩充如罕见病用药等特殊药品。\n也正是得益于遍布全国的基础设施网络，京东在今年5月份云南大理州漾濞县和青海果洛州玛多县发生地震时，第一时间将物资送达救灾现场；在7月份河南发生汛情期间，能够从距离最近的仓库调拨大批防汛物资和生活物资紧急驰援灾区；在8月份为南京、郑州等出现疫情中高风险地区的城市，提供充足的日用物资供应，确保价格平稳。\n截至目前，京东物流构建的仓储网络、综合运输网络、最后一公里配送网络、大件网络、冷链网络及跨境网络等六大网络，服务范围覆盖了中国55万个行政村，92%区县、84%乡镇实现“当日达”或“次日达”，而全球可触达也已超过220国家和地区。\n由此可见，基建狂魔，不仅解决了企业在销售中的“最后一公里”，也补上了供应链的“最初一公里”。加速了商品的全域流通，真正发挥出最大价值。\n31天，效率背后的硬核创新力\n京东之所以能如此激进地扩建基础设施，离不开多年对技术的持续投入。\n从2017年初全面向技术转型以来，京东体系已在技术上累计投入近700亿元。持续的技术投入有效地提升了京东的运营效率，第二季度，在自营商品达到900万SKU的基础上，京东将库存周转天数进一步降至31天，履约费用率降至5.8%，再创历史最优水平。\n在今年京东618期间，京东智能供应链每天要给出超40万条补货、调拨等供应链智能决策，京东与64%的自营供应商实现了智能供应链协同，正是基于智能决策的预售前置，从而在200个城市实现分钟级送达。\n截至6月30日，京东物流已申请及获得的无人配送领域相关专利超过500项。北斗新仓作为新一代先进的大规模自动化仓储生产与管理体系，可操作百万级SKU，可以将履约时间缩短2-3小时。在末端配送环节，京东物流建立了自动驾驶技术研发、测试和运营的完整体系；拥有全自研技术的L4级别自动驾驶智能快递车，已在全国超10个城市投入运营。\n\n此外，京东探索研究院汇集全球200多名青年科学家，在可信人工智能、超级深度学习、量子机器学习等基础科学领域持续推进创新研究。此前，京东探索研究院联合中国信息通信研究院面向全球发布国内首部《可信人工智能白皮书》。\n目前，京东云已推出行业首个混合云操作系统“云舰”，第一次将混合云的管理推向了操作系统级别；依托云舰开放应用市场，京东云还发布行业首个全面开放的PaaS生态“云筑计划”。\n可以说，从中关村走出来的京东，身上具备着浓厚的技术基因，正通过不断创新的技术作为基石，发挥出新型实体企业的更多社会价值。\n800万家，授人以渔的共同成长\n在有了大规模的基础设施以及创新的技术作为基础，京东可以贡献更多的社会价值，实现与产业链的众多客户共同成长。\n据悉，京东拥有超800万活跃企业客户，世界500强的合作覆盖率达91%。之所以取得这样的成绩，是京东在企业采购领域深耕多年的经验。\n特别是在2020年疫情防控期间，京东企业业务持续保障各类企业的防疫及复工复产物资供给，为民生服务、公共服务的不停摆提供了有力支持。在经济复苏期间，京东企业业务也冲在了复工复产、达能达产的第一线。疫情缓解的3月，京东企业业务第一时间启动“企业复工保障计划”，积极响应来自政府以及医疗、铁路、轨道交通等行业的物资需求，累计服务超131万企业客户。\n京东集团副总裁、企业业务事业部总裁宋春正曾表示，作为最大的企业数字化采购综合平台，京东企业业务将会不断深化技术创新和产业协同，在为企业客户提供更有价值服务的同时，带动企业服务市场形成共赢发展的良性生态，以自己的方式为中国企业与中国经济的复苏贡献力量。\n如今，超过1000家制造企业借助京东打造的C2M反向供应链提升新品开发能力，未来三年将提升到10000家制造企业；有5.9万家企业在使用京东物流提供的一体化供应链服务，实现了降本增效；1300多家大型企业、超120万家中小微企业在使用京东云提供的一站式数智化技术服务。\n授人以鱼，不如授人以渔。京东正用自己的行动证明，实现产业链全部合作伙伴的共同富裕，不是梦。\n40万人，用汗水筑就合规发展\n技术发展的目的不是替代人，而是更好地服务人。京东始终致力于通过技术创新，提升工作效率，降低工作强度，让员工拥有更多的获得感、归属感和幸福感。\n截至2021年6月30日，京东体系上市公司及非上市公司员工数近40万人（上市公司部分除兼职人员以及实习生外超过32万名员工，位居民营企业前列），较去年同期新增了近12万人。\n今年上半年，京东物流为26万一线员工支付的月平均工资支出超过1.1万元。与多数快递企业不同，京东包括送货小哥在内的近30万蓝领，全部都是正式员工，签订正规的劳动合同，京东为物流小哥提供了包括意外伤害商业保险在内的六险一金。\n\n前不久，京东集团宣布，自2021年7月1日开始到2023年7月1日，用两年时间，将员工平均年薪由14薪逐步涨至16薪；此外，京东还为员工提供诸如“安居计划”、员工救助基金、春节期间加班员工子女团聚补贴、特殊环境补贴、及新冠疫情险等一系列福利。\n京东始终坚持一个最朴素的商业逻辑：企业对员工好，员工才能用真心去服务客户，客户才能用信赖回馈企业。\n从最基层的一线员工待遇中就可以看出，京东早已将“合规即发展”的理念深深地融入企业各项业务中。\n大京东，实体企业的价值观\n从18年前中关村的“三尺柜台”开始，京东还是一家创业公司时，尽管承受着巨大的生存压力，但是每个人都坚定的走正道、做实事，不卖水货假货、不偷税漏税、不行贿受贿。时至今日，在《财富》公布的2021年世界500强榜单，京东集团排名已提升至第59位。\n“京东成立的18年来，始终坚持把用户、合作伙伴和员工的利益放在第一位，并长期坚持正道商业价值观。”京东集团董事会主席兼首席执行官刘强东表示，今天，京东已经成长为中国领先的以供应链为基础的技术与服务企业，服务着不断扩大的数百万计的业务伙伴和5.32亿用户。京东拥有几十万名全职员工以及现代化的智能供应链和基础设施网络，已成长为一家根植于、并服务于中国实体经济长期发展的新型实体企业。\n一个规模越来越大、一个社会影响越来越大、一个社会价值越来越大的京东正在渐次成型。\n在锌财经看来，31、40、55、450、800……这样一组又一组在财报中不起眼的小数字，其实更能反映出京东作为新型实体企业，所坚守的价值观、所创造的社会价值，也许这才是京东的本质。","news_type":1,"symbols_score_info":{"QNETCN":0.9,"09618":0.9,"JD":0.9}},"isVote":1,"tweetType":1,"viewCount":5796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810446854,"gmtCreate":1629997262778,"gmtModify":1676530197074,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810446854","repostId":"1135489091","repostType":4,"repost":{"id":"1135489091","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1629984612,"share":"https://ttm.financial/m/news/1135489091?lang=en_US&edition=fundamental","pubTime":"2021-08-26 21:30","market":"us","language":"zh","title":"Opening: The three major US stock indices opened largely flat, with YY Inc. rising over 12%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489091","media":"老虎资讯综合","summary":"8月26日，美股三大指数基本平开，道琼斯指数开盘上涨40.00点，涨幅0.11%，报35445.50点；标普500指数开盘下跌3.39点，跌幅0.08%，报4492.80点；纳斯达克综合指数开盘上涨2","content":"<p>On August 26, the three major U.S. stock indexes opened largely flat, with the Dow Jones Industrial Average rising 40.00 points, or 0.11%, to 35,445.50. The S&P 500 opened down 3.39 points, or 0.08%, at 4,492.80. The Nasdaq Composite Index opened up 22.1 points, or 0.15%, at 15,041.9.</p><p>Most popular Chinese concept stocks declined.<a href=\"https://laohu8.com/S/NTES\">NetEase</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It fell by more than 1%.</p><p><a href=\"https://laohu8.com/S/YY\">YY Era</a>The stock opened higher by more than 12%, following reports that YY Inc.'s chairman and Lei Jun plan to...<a href=\"https://laohu8.com/S/YY\">YY Inc.</a>Privatization could value the company at $8 billion.</p><p><a href=\"https://laohu8.com/S/YSG\">Yixian E-commerce</a>The stock fell by more than 14%, and the net loss in Q2 widened to 391 million yuan.</p><p><a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>The stock rose more than 8% after news broke that the company would acquire 100% equity of Henan Yujie Times Automobile.</p><p><a href=\"https://laohu8.com/S/RIDE\">Lordstown Motors</a>The stock surged 20% after the company appointed DANIEL NINIVAGGI as its new CEO.</p><p><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>It rose more than 8%, with Q2 revenue increasing by 104% year-on-year and a retention rate of 169%.</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>Opening: The three major US stock indices opened largely flat, with YY Inc. rising over 12%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: The three major US stock indices opened largely flat, with YY Inc. rising over 12%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-26 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 26, the three major U.S. stock indexes opened largely flat, with the Dow Jones Industrial Average rising 40.00 points, or 0.11%, to 35,445.50. The S&P 500 opened down 3.39 points, or 0.08%, at 4,492.80. The Nasdaq Composite Index opened up 22.1 points, or 0.15%, at 15,041.9.</p><p>Most popular Chinese concept stocks declined.<a href=\"https://laohu8.com/S/NTES\">NetEase</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It fell by more than 1%.</p><p><a href=\"https://laohu8.com/S/YY\">YY Era</a>The stock opened higher by more than 12%, following reports that YY Inc.'s chairman and Lei Jun plan to...<a href=\"https://laohu8.com/S/YY\">YY Inc.</a>Privatization could value the company at $8 billion.</p><p><a href=\"https://laohu8.com/S/YSG\">Yixian E-commerce</a>The stock fell by more than 14%, and the net loss in Q2 widened to 391 million yuan.</p><p><a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>The stock rose more than 8% after news broke that the company would acquire 100% equity of Henan Yujie Times Automobile.</p><p><a href=\"https://laohu8.com/S/RIDE\">Lordstown Motors</a>The stock surged 20% after the company appointed DANIEL NINIVAGGI as its new CEO.</p><p><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>It rose more than 8%, with Q2 revenue increasing by 104% year-on-year and a retention rate of 169%.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SSO":"2倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares","OEX":"标普100","IVV":"标普500ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","KXIN":"开心控股","NTES":"网易","QNETCN":"纳斯达克中美互联网老虎指数","OEF":"标普100指数ETF-iShares","BABA":"阿里巴巴","09988":"阿里巴巴-W",".DJI":"道琼斯","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite","PDD":"拼多多",".SPX":"S&P 500 Index","SPY":"标普500ETF","SNOW":"Snowflake","SDS":"两倍做空标普500 ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135489091","content_text":"8月26日，美股三大指数基本平开，道琼斯指数开盘上涨40.00点，涨幅0.11%，报35445.50点；标普500指数开盘下跌3.39点，跌幅0.08%，报4492.80点；纳斯达克综合指数开盘上涨22.1点，涨幅0.15%，报15041.9点。\n热门中概股多数走低，网易、阿里巴巴、拼多多跌超1%。\n欢聚时代开涨超12%，消息称欢聚董事长和雷军计划将欢聚集团私有化，估值或达80亿美元。\n逸仙电商跌超14%，Q2净亏损扩大至3.91亿元。\n开心汽车涨超8%，消息称公司将收购河南御捷时代汽车100%股权。\nLordstown Motors大涨20%，公司任命DANIEL NINIVAGGI为新的首席执行官。\nSnowflake涨超8%，Q2营收同比增长104%，留存率达169%。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"KXIN":0.9,"SH":0.9,"QNETCN":0.9,".DJI":0.9,"ESmain":0.9,"UPRO":0.9,"OEF":0.9,".IXIC":0.9,"SSO":0.9,"IVV":0.9,"SPXU":0.9,".SPX":0.9,"RIDE":0.9,"SDS":0.9,"BABA":0.9,"NTES":0.9,"SNOW":0.9,"SPY":0.9,"YY":0.9,"PDD":0.9,"09988":0.9,"OEX":0.9}},"isVote":1,"tweetType":1,"viewCount":4213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837158684,"gmtCreate":1629867117648,"gmtModify":1676530156855,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/837158684","repostId":"2162303853","repostType":4,"isVote":1,"tweetType":1,"viewCount":4552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837153640,"gmtCreate":1629866986780,"gmtModify":1676530156816,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/837153640","repostId":"2162387390","repostType":4,"repost":{"id":"2162387390","kind":"highlight","pubTimestamp":1629858360,"share":"https://ttm.financial/m/news/2162387390?lang=en_US&edition=fundamental","pubTime":"2021-08-25 10:26","market":"us","language":"zh","title":"After buying JD.com at rock-bottom prices, \"Sister Wood\" stated that she is not pessimistic about Chinese concept stocks.","url":"https://stock-news.laohu8.com/highlight/detail?id=2162387390","media":"华尔街见闻","summary":"几乎已经清仓中概股的ARK基金，本周开始出手抄底买入京东股票，该基金创始人“木头姐”最新表态称：对中国并不悲观。\nArk Investment创始人、有科技股女股神之称的Cathie Wood周二在接","content":"<p>ARK Fund, which has almost completely liquidated its holdings in Chinese concept stocks, began buying on dips this week.<a href=\"https://laohu8.com/S/JD\">JD.com</a>Regarding stocks, the fund's founder, \"Sister Wood,\" recently stated that he is not pessimistic about China.</p><p>Cathie Wood, founder of Ark Investment and known as the tech stock guru, said in an interview with Bloomberg on Tuesday:</p><p><b>“In the long run, I am not pessimistic about China because I think they are a very entrepreneurial society.”</b>Wood stated that the Chinese government is developing more regulations, but its goal is not to hinder growth and progress.</p><p>The latest data shows that ARK's automated &<a href=\"https://laohu8.com/S/300024\">Robot</a>The Technology ETF (ARKQ) bought more than 160,000 shares of JD.com ADRs on Monday.<b>This reversed the continuous sell-off trend since the end of July.</b></p><p><img src=\"https://static.tigerbbs.com/ba01ecec77377314f0598c9caadf2456\" tg-width=\"1118\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As of Tuesday, ARKQ held $86.17 million worth of JD.com stock, representing 3.22% of its holdings in the ETF, making it its ninth largest holding.</p><p><img src=\"https://static.tigerbbs.com/f3dccaf72955102a69b8a5080d87c3db\" tg-width=\"1107\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Since the beginning of the year, JD.com's stock has fallen by nearly 13%. JD.com's stock price rebounded strongly after releasing strong earnings reports on Monday, surging 14% overnight.<b>ARKQ also bought the dip after JD.com released its impressive financial report.</b></p><p><img src=\"https://static.tigerbbs.com/d796d9299aa03662c774ddd14756d6c0\" tg-width=\"688\" tg-height=\"388\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As previously mentioned by Wall Street Insights, financial reports showed that JD.com's revenue in the second quarter was 253.8 billion yuan, exceeding market expectations of 244.026 billion yuan, representing a year-on-year increase of 26.23%. Adjusted earnings per ADS for the second quarter were RMB 2.90, exceeding market expectations of RMB 2.12;</p><p>In terms of active users, as of June 30, 2021, JD.com's active purchasing users reached 532 million in the past 12 months, exceeding the market expectation of 520.9 million, a net increase of 115 million compared with the same period last year, and a single-quarter increase of 32 million, setting a new record.</p><p>It has been a tumultuous year for Wood and Ark. In 2020, riding the wave of a bull market in US tech stocks, ARKK's flagship fund achieved an astonishing return of 149%.</p><p><b>However, since the beginning of 2021, with the correction of technology stocks, ARKK's performance has been sluggish, with a cumulative decline of 2.9% since the beginning of the year. It was once subject to large-scale redemptions by investors and was eagerly shorted by hedge funds.</b></p><p><img src=\"https://static.tigerbbs.com/10a0e581ee3758d2aa1dfdc00b1114d3\" tg-width=\"720\" tg-height=\"412\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After buying JD.com at rock-bottom prices, \"Sister Wood\" stated that she is not pessimistic about Chinese concept stocks.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter buying JD.com at rock-bottom prices, \"Sister Wood\" stated that she is not pessimistic about Chinese concept stocks.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-25 10:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>ARK Fund, which has almost completely liquidated its holdings in Chinese concept stocks, began buying on dips this week.<a href=\"https://laohu8.com/S/JD\">JD.com</a>Regarding stocks, the fund's founder, \"Sister Wood,\" recently stated that he is not pessimistic about China.</p><p>Cathie Wood, founder of Ark Investment and known as the tech stock guru, said in an interview with Bloomberg on Tuesday:</p><p><b>“In the long run, I am not pessimistic about China because I think they are a very entrepreneurial society.”</b>Wood stated that the Chinese government is developing more regulations, but its goal is not to hinder growth and progress.</p><p>The latest data shows that ARK's automated &<a href=\"https://laohu8.com/S/300024\">Robot</a>The Technology ETF (ARKQ) bought more than 160,000 shares of JD.com ADRs on Monday.<b>This reversed the continuous sell-off trend since the end of July.</b></p><p><img src=\"https://static.tigerbbs.com/ba01ecec77377314f0598c9caadf2456\" tg-width=\"1118\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As of Tuesday, ARKQ held $86.17 million worth of JD.com stock, representing 3.22% of its holdings in the ETF, making it its ninth largest holding.</p><p><img src=\"https://static.tigerbbs.com/f3dccaf72955102a69b8a5080d87c3db\" tg-width=\"1107\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Since the beginning of the year, JD.com's stock has fallen by nearly 13%. JD.com's stock price rebounded strongly after releasing strong earnings reports on Monday, surging 14% overnight.<b>ARKQ also bought the dip after JD.com released its impressive financial report.</b></p><p><img src=\"https://static.tigerbbs.com/d796d9299aa03662c774ddd14756d6c0\" tg-width=\"688\" tg-height=\"388\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As previously mentioned by Wall Street Insights, financial reports showed that JD.com's revenue in the second quarter was 253.8 billion yuan, exceeding market expectations of 244.026 billion yuan, representing a year-on-year increase of 26.23%. Adjusted earnings per ADS for the second quarter were RMB 2.90, exceeding market expectations of RMB 2.12;</p><p>In terms of active users, as of June 30, 2021, JD.com's active purchasing users reached 532 million in the past 12 months, exceeding the market expectation of 520.9 million, a net increase of 115 million compared with the same period last year, and a single-quarter increase of 32 million, setting a new record.</p><p>It has been a tumultuous year for Wood and Ark. In 2020, riding the wave of a bull market in US tech stocks, ARKK's flagship fund achieved an astonishing return of 149%.</p><p><b>However, since the beginning of 2021, with the correction of technology stocks, ARKK's performance has been sluggish, with a cumulative decline of 2.9% since the beginning of the year. It was once subject to large-scale redemptions by investors and was eagerly shorted by hedge funds.</b></p><p><img src=\"https://static.tigerbbs.com/10a0e581ee3758d2aa1dfdc00b1114d3\" tg-width=\"720\" tg-height=\"412\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3638794\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c318bcd91a109139b7d70c76c30bb154","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","JD":"京东","09618":"京东集团-SW"},"source_url":"https://wallstreetcn.com/articles/3638794","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162387390","content_text":"几乎已经清仓中概股的ARK基金，本周开始出手抄底买入京东股票，该基金创始人“木头姐”最新表态称：对中国并不悲观。\nArk Investment创始人、有科技股女股神之称的Cathie Wood周二在接受彭博采访中表示：\n\n“从长远来看，我对中国并不悲观，因为我认为他们是一个非常具有创业精神的社会。”\n\nWood称，中国政府正在制定更多的规章制度，但政府的目的并不想阻止增长和进步。\n最新披露的数据显示，ARK旗下的自动&机器人技术ETF (ARKQ)于周一买入了超过16万股的京东ADR，扭转了7月底以来连续抛售的态势。\n\n截至周二，ARKQ持有8617万美元的京东股票，在该ETF中的持仓占比为3.22%，为其第九大持仓。\n\n年初至今，京东股票累计下跌了近13%。在周一公布了强劲财报后，京东股价强势反弹，隔夜大涨14%。ARKQ也是在京东公布亮眼财报后进行了抄底。\n\n华尔街见闻此前提及，财报数据显示，京东第二季度营收2538亿元，超市场预期2440.26亿元，同比增长26.23%；第二季度调整后每ADS收益2.90元，超市场预期的2.12元；\n在活跃用户方面， 截至2021年6月30日，京东过去12个月的活跃购买用户数达到5.32亿，超市场预估的5.209亿，较去年同期净增了1.15亿，单季新增3200万创下历史最高增量。\n对Wood和Ark来说，过去是跌宕起伏的一年。2020年在美国科技股大牛市的东风下，方舟旗舰基金ARKK取得了149%的惊人回报。\n但进入2021年来，随着科技股回调，ARKK表现萎靡，今年以来累计下跌2.9%，一度遭遇投资者大举赎回，并被对冲基金争相做空。","news_type":1,"symbols_score_info":{"JD":0.9,"09618":0.9,"ARKF":0.9}},"isVote":1,"tweetType":1,"viewCount":1461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":814555432,"gmtCreate":1630849747426,"gmtModify":1676530405674,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814555432","repostId":"1164269750","repostType":4,"isVote":1,"tweetType":1,"viewCount":4003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817855166,"gmtCreate":1630934807255,"gmtModify":1676530423866,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817855166","repostId":"1185930805","repostType":4,"repost":{"id":"1185930805","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630933979,"share":"https://ttm.financial/m/news/1185930805?lang=en_US&edition=fundamental","pubTime":"2021-09-06 21:12","market":"hk","language":"zh","title":"Tencent Holdings: Repurchased 200,000 shares today, costing approximately HK$100 million.","url":"https://stock-news.laohu8.com/highlight/detail?id=1185930805","media":"老虎资讯综合","summary":"9月6日，腾讯控股发布公告称，今日回购20万股普通股，回购价格在488.8港元/股至506.5港元/股之间，共耗资约1亿港元。","content":"<p>On September 6,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>The announcement stated that 200,000 ordinary shares were repurchased today at a price between HK$488.8 and HK$506.5 per share, costing a total of approximately HK$100 million.<img src=\"https://static.tigerbbs.com/7283710a5b2d39ebc4f31b82932ed007\" tg-width=\"1581\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/4951a1600d3b42d23257af1e0dc3455a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent Holdings: Repurchased 200,000 shares today, costing approximately HK$100 million.</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent Holdings: Repurchased 200,000 shares today, costing approximately HK$100 million.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-06 21:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On September 6,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>The announcement stated that 200,000 ordinary shares were repurchased today at a price between HK$488.8 and HK$506.5 per share, costing a total of approximately HK$100 million.<img src=\"https://static.tigerbbs.com/7283710a5b2d39ebc4f31b82932ed007\" tg-width=\"1581\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/4951a1600d3b42d23257af1e0dc3455a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e7799eeb7043b8caaf3d109c3b13109e","relate_stocks":{"TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185930805","content_text":"9月6日，腾讯控股发布公告称，今日回购20万股普通股，回购价格在488.8港元/股至506.5港元/股之间，共耗资约1亿港元。","news_type":1,"symbols_score_info":{"00700":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":3786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810709690,"gmtCreate":1630001799910,"gmtModify":1676530197386,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/810709690","repostId":"1131333217","repostType":4,"repost":{"id":"1131333217","kind":"news","pubTimestamp":1629990960,"share":"https://ttm.financial/m/news/1131333217?lang=en_US&edition=fundamental","pubTime":"2021-08-26 23:16","market":"hk","language":"zh","title":"Five financial figures reveal the essence of JD.com","url":"https://stock-news.laohu8.com/highlight/detail?id=1131333217","media":"锌财经","summary":"本周，京东集团正式对外发布2021年第二季度财报，相比于2538亿元净收入等备受关注的大数字，31、40、55、450、800等5个看似不起眼的财报小数字，却让锌财经看到了京东的本质。\n31天：京东将","content":"<p>This week,<a href=\"https://laohu8.com/S/JD\">JD.com</a>The group officially released its financial report for the second quarter of 2021. Compared to the much-anticipated big figures such as RMB 253.8 billion in net revenue, five seemingly insignificant small figures in the financial report, namely 31, 40, 55, 450, and 800, allowed Zinc Finance to see the essence of JD.com.</p><p>31 days: JD.com further reduced its inventory turnover days to 31 days, and its fulfillment expense ratio dropped to 5.8%, setting a new historical record.</p><p>400,000 employees: The number of employees in JD.com's listed and non-listed companies is nearly 400,000, an increase of nearly 120,000 compared with the same period last year, and employee compensation and benefits have steadily improved;</p><p>550,000 units: JD.com's infrastructure can cover more than 550,000 administrative villages across the country, and it is playing an increasingly important role in promoting urban-rural consumption equity and supporting the development of township industries;</p><p>450: One year,<a href=\"https://laohu8.com/S/02618\">JD Logistics</a>The number of warehouses in operation has increased by 450, which is equivalent to the total number of warehouses that JD.com has grown over the ten years since it started building its own logistics network in 2007 to 2017.</p><p>8 million customers: JD.com has over 8 million active corporate customers and is the common choice of over 91% of Fortune Global 500 companies in China...</p><p>There are many other small figures with special significance in the recently released financial report. In the view of Zinc Finance, they may be the ones that truly reflect the essence of JD.com.</p><p><img src=\"https://static.tigerbbs.com/26fb11e408a214b96e1a1800cc080bc7\" tg-width=\"641\" tg-height=\"425\" referrerpolicy=\"no-referrer\"></p><p><b>550,000, a marathon-like victory</b></p><p>In Milin County, Nyingchi City, Tibet, which is 4,000 kilometers away from JD.com's headquarters, local consumers used to need to go to Lhasa, then transport it to Nyingchi, and then to Milin County to receive the goods, taking 10 days to 1 month.</p><p>At the same time, on a plateau at an altitude of 4,000 meters in Xinghai County, Qinghai Province, 2,000 kilometers away, Yin Cuo, the station manager of JD Express, was recruiting. Previously, she took on the responsibility of providing express delivery services in this remote county town on a \"one person, one stop\" basis. In more than five years, she delivered nearly 200,000 orders and traveled more than 250,000 kilometers. She has only one belief: to deliver every order well and serve every user well.</p><p>Although the Qinghai-Tibet Plateau is located in a remote area with inconvenient transportation, which limits daily consumption, it has not hindered consumers' desire to shop.</p><p>In 2011, JD.com built its first self-operated delivery station in Tibet and launched a small and medium-sized parcel delivery service; In 2015, JD.com launched a delivery service for large appliances in Tibet; In 2017, JD.com and the Tibet Autonomous Region signed a comprehensive strategic cooperation agreement to accelerate investment and construction of warehousing and logistics in Tibet. Subsequently, JD.com's warehousing and logistics center in Lhasa went into operation. This is the first e-commerce logistics center in Tibet, which has improved the online shopping delivery time in Tibet from ten days to half a month to the fastest \"same-day delivery\" in Lhasa. In addition, in order to break through the limitations of daily necessities consumption in Tibet, JD.com has undertaken a national-level e-commerce demonstration project in 47 counties in Tibet since 2020, and plans to open 100 convenience stores in Tibet this year.</p><p><img src=\"https://static.tigerbbs.com/4d1dda6ab30a9736f4dfc35bc7d7f220\" tg-width=\"969\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p>The Qinghai-Tibet Plateau is a microcosm of JD.com's accelerated expansion in recent years. According to financial reports, JD.com's infrastructure has covered more than 550,000 administrative villages across the country. It has not only expanded JD.com's reach, but has also played an increasingly important role in promoting urban and rural consumption fairness and supporting the development of township industries.</p><p><b>450 infrastructure enthusiasts, catching up with ten years in one year.</b></p><p>The ability to achieve \"same-day delivery\" and \"next-day delivery\" directly reflects a kind of \"JD.com speed\".</p><p>As of June 30, 2021, JD Logistics operated approximately 1,200 warehouses, including the cloud warehouse area managed by JD Logistics, with a total warehousing area of approximately 23 million square meters. In one year, the number of warehouses operated by JD Logistics increased by 450, which is equivalent to the total number of warehouses that JD has grown over the ten years since it started building its own logistics network in 2007 to 2017.</p><p>In order to solve the transportation needs of several special drugs,<a href=\"https://laohu8.com/S/06618\">JD Health</a>In the second quarter, JD Logistics successfully built a drug \"self-operated cold chain\" capability covering 100 cities in 12 provincial-level administrative regions across the country, which can effectively help JD Pharmacy accelerate the expansion of special drugs such as rare disease drugs.</p><p>It was thanks to its nationwide infrastructure network that JD.com delivered supplies to the disaster relief sites as soon as the earthquakes struck Yangbi County in Dali Prefecture, Yunnan Province and Mado County in Guoluo Prefecture, Qinghai Province in May this year. During the floods in Henan in July, a large number of flood control supplies and daily necessities were allocated from the nearest warehouse to urgently provide assistance to the disaster area. In August, sufficient supplies of daily necessities were provided to cities with medium- and high-risk areas of the epidemic, such as Nanjing and Zhengzhou, to ensure stable prices.</p><p>To date, JD Logistics has built six major networks, including a warehousing network, an integrated transportation network, a last-mile delivery network, a large-item network, a cold chain network, and a cross-border network. Its service area covers 550,000 administrative villages in China, with 92% of districts and counties and 84% of townships achieving \"same-day\" or \"next-day delivery,\" and its global reach exceeds 220 countries and regions.</p><p>This shows that the infrastructure mania not only solved the \"last mile\" in sales for enterprises, but also filled the \"first mile\" in the supply chain. It accelerated the full-domain circulation of goods and truly realized their maximum value.</p><p><b>31 days, the core innovation behind efficiency</b></p><p>JD.com's aggressive expansion of its infrastructure is inseparable from years of continuous investment in technology.</p><p>Since its comprehensive transformation towards technology in early 2017, JD.com has invested nearly 70 billion yuan in technology. Continuous technological investment has effectively improved JD.com's operational efficiency. In the second quarter, after reaching 9 million SKUs of self-operated products, JD.com further reduced its inventory turnover days to 31 days and its fulfillment expense ratio to 5.8%, setting a new historical record.</p><p>During this year's JD.com 618 shopping festival,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The supply chain provides more than 400,000 intelligent supply chain decisions such as replenishment and allocation every day. JD.com has achieved intelligent supply chain collaboration with 64% of its self-operated suppliers. It is precisely the pre-sale process based on intelligent decision-making that enables minute-level delivery in 200 cities.</p><p>As of June 30, JD Logistics had applied for and obtained more than 500 patents related to unmanned delivery. As a new generation of advanced large-scale automated warehousing, production and management system, Beidou New Warehouse can operate millions of SKUs, which can shorten the fulfillment time by 2-3 hours. In the last-mile delivery segment, JD Logistics has established a complete system for the research, development, testing and operation of autonomous driving technology; Level 4 autonomous intelligent delivery vehicles, equipped with fully self-developed technology, have been put into operation in more than 10 cities across the country.</p><p><img src=\"https://static.tigerbbs.com/33a1ad1e60df30965b8f0ba4fd891ae4\" tg-width=\"640\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p>In addition, JD Discovery Research Institute brings together more than 200 young scientists from around the world to continuously promote innovative research in basic science fields such as trusted artificial intelligence, super deep learning, and quantum machine learning. Previously, JD Exploration Research Institute, in conjunction with the China Academy of Information and Communications Technology, released China's first \"Trusted Artificial Intelligence White Paper\" to the world.</p><p>Currently, JD Cloud has launched the industry's first hybrid cloud operating system, \"Cloud Ship,\" which for the first time elevates hybrid cloud management to the operating system level. Leveraging the Cloud Ship Open Application Market, JD Cloud also launched the industry's first fully open PaaS ecosystem, the \"Cloud Building Plan\".</p><p>It can be said that from<a href=\"https://laohu8.com/S/000931\">Zhongguancun</a>JD.com, which emerged from this, possesses a strong technological gene and is using continuous technological innovation as its foundation to unleash greater social value as a new type of physical enterprise.</p><p><b>8 million households, growing together by teaching people to fish</b></p><p>With its large-scale infrastructure and innovative technology as a foundation, JD.com can contribute more social value and grow together with numerous customers in the industry chain.</p><p>It is reported that JD.com has more than 8 million active enterprise customers, and its cooperation coverage rate with Fortune Global 500 companies reaches 91%. JD.com's achievements are due to its years of experience in enterprise procurement.</p><p>Especially during the 2020 COVID-19 pandemic, JD.com's enterprise business continued to ensure the supply of epidemic prevention and resumption of work and production materials for various enterprises, providing strong support for the uninterrupted provision of public services. During the economic recovery period, JD.com's corporate business also focused on resuming work and production.<a href=\"https://laohu8.com/S/0KFX.UK\">Danone</a>The front line of reaching full production capacity. In March, as the pandemic eased, JD.com's enterprise business immediately launched the \"Enterprise Resumption of Work Guarantee Plan,\" actively responding to material needs from the government and industries such as healthcare, railways, and rail transit, serving more than 1.31 million enterprise customers.</p><p>Song Chunzheng, Vice President of JD.com and President of the Enterprise Business Unit, once stated that as the largest comprehensive enterprise digital procurement platform, JD.com's enterprise business will continuously deepen technological innovation and industrial synergy. While providing more valuable services to enterprise customers, it will drive the enterprise service market to form a healthy ecosystem of win-win development and contribute to the recovery of Chinese enterprises and the Chinese economy in its own way.</p><p>Today, more than 1,000 manufacturing companies are leveraging JD.com's C2M reverse supply chain to enhance their new product development capabilities, and this number is expected to increase to 10,000 in the next three years. 59,000 companies are using the integrated supply chain services provided by JD Logistics, achieving cost reduction and efficiency improvement; More than 1,300 large enterprises and over 1.2 million small and medium-sized enterprises are using the one-stop digital technology services provided by JD Cloud.</p><p>Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a JD.com is proving through its actions that achieving common prosperity for all partners in the industry chain is not a dream.</p><p><b>400,000 people, building compliant development through hard work</b></p><p>The purpose of technological development is not to replace people, but to better serve them. JD.com is committed to improving work efficiency and reducing workload through technological innovation, so that employees can have a greater sense of gain, belonging, and happiness.</p><p>As of June 30, 2021, JD.com had nearly 400,000 employees in its listed and non-listed companies (some listed companies had more than 320,000 employees excluding part-time staff and interns, ranking among the top private enterprises), an increase of nearly 120,000 compared to the same period last year.</p><p>In the first half of this year, JD Logistics paid an average monthly salary of more than 11,000 yuan to 260,000 frontline employees. Unlike most express delivery companies, JD.com's nearly 300,000 blue-collar workers, including delivery drivers, are all full-time employees with formal labor contracts. JD.com provides its logistics drivers with six social insurances and one housing fund, including accidental injury commercial insurance.</p><p><img src=\"https://static.tigerbbs.com/fcde507599867fa58735921c74588c01\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>Not long ago, JD.com announced that from July 1, 2021 to July 1, 2023, it will gradually increase the average annual salary of its employees from 14 salaries to 16 salaries over two years. In addition, JD.com provides employees with a range of benefits, such as the \"Housing Plan,\" employee relief funds, child reunification subsidies for employees working overtime during the Spring Festival, special circumstances subsidies, and COVID-19 insurance.</p><p>JD.com has always adhered to the simplest business logic: only when a company treats its employees well can employees serve customers with sincerity, and only then can customers repay the company with trust.</p><p>Judging from the treatment of its most basic frontline employees, it can be seen that JD.com has long since deeply integrated the concept of \"compliance is development\" into all aspects of its business.</p><p><b>JD.com, the values of physical enterprises</b></p><p>Starting with the \"three-foot counter\" in Zhongguancun 18 years ago, JD.com was still a...<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>Despite facing immense pressure to survive, everyone firmly followed the right path, did practical things, and refused to sell counterfeit goods, evade taxes, or offer or accept bribes. Today, JD.com's ranking has risen to 59th in Fortune's 2021 Global 500 list.</p><p>\"For 18 years since its founding, JD.com has always put the interests of its users, partners, and employees first, and has long adhered to righteous business values,\" said Liu Qiangdong, Chairman and CEO of JD.com. Today, JD.com has grown into a leading supply chain-based technology and service company in China, serving millions of business partners and 532 million users. With hundreds of thousands of full-time employees and a modern intelligent supply chain and infrastructure network, JD.com has grown into a new type of physical enterprise rooted in and serving the long-term development of China's real economy.</p><p>JD.com, which is growing in scale, social influence, and social value, is gradually taking shape.</p><p>According to Zinc Finance, 31, 40, 55, 450, 800... these inconspicuous little numbers in the financial report actually reflect the values that JD.com upholds and the social value it creates as a new type of physical enterprise. Perhaps this is the essence of JD.com.</p>","source":"lsy1568892980557","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>Five financial figures reveal the essence of JD.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFive financial figures reveal the essence of JD.com\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">锌财经</strong><span class=\"h-time small\">2021-08-26 23:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>This week,<a href=\"https://laohu8.com/S/JD\">JD.com</a>The group officially released its financial report for the second quarter of 2021. Compared to the much-anticipated big figures such as RMB 253.8 billion in net revenue, five seemingly insignificant small figures in the financial report, namely 31, 40, 55, 450, and 800, allowed Zinc Finance to see the essence of JD.com.</p><p>31 days: JD.com further reduced its inventory turnover days to 31 days, and its fulfillment expense ratio dropped to 5.8%, setting a new historical record.</p><p>400,000 employees: The number of employees in JD.com's listed and non-listed companies is nearly 400,000, an increase of nearly 120,000 compared with the same period last year, and employee compensation and benefits have steadily improved;</p><p>550,000 units: JD.com's infrastructure can cover more than 550,000 administrative villages across the country, and it is playing an increasingly important role in promoting urban-rural consumption equity and supporting the development of township industries;</p><p>450: One year,<a href=\"https://laohu8.com/S/02618\">JD Logistics</a>The number of warehouses in operation has increased by 450, which is equivalent to the total number of warehouses that JD.com has grown over the ten years since it started building its own logistics network in 2007 to 2017.</p><p>8 million customers: JD.com has over 8 million active corporate customers and is the common choice of over 91% of Fortune Global 500 companies in China...</p><p>There are many other small figures with special significance in the recently released financial report. In the view of Zinc Finance, they may be the ones that truly reflect the essence of JD.com.</p><p><img src=\"https://static.tigerbbs.com/26fb11e408a214b96e1a1800cc080bc7\" tg-width=\"641\" tg-height=\"425\" referrerpolicy=\"no-referrer\"></p><p><b>550,000, a marathon-like victory</b></p><p>In Milin County, Nyingchi City, Tibet, which is 4,000 kilometers away from JD.com's headquarters, local consumers used to need to go to Lhasa, then transport it to Nyingchi, and then to Milin County to receive the goods, taking 10 days to 1 month.</p><p>At the same time, on a plateau at an altitude of 4,000 meters in Xinghai County, Qinghai Province, 2,000 kilometers away, Yin Cuo, the station manager of JD Express, was recruiting. Previously, she took on the responsibility of providing express delivery services in this remote county town on a \"one person, one stop\" basis. In more than five years, she delivered nearly 200,000 orders and traveled more than 250,000 kilometers. She has only one belief: to deliver every order well and serve every user well.</p><p>Although the Qinghai-Tibet Plateau is located in a remote area with inconvenient transportation, which limits daily consumption, it has not hindered consumers' desire to shop.</p><p>In 2011, JD.com built its first self-operated delivery station in Tibet and launched a small and medium-sized parcel delivery service; In 2015, JD.com launched a delivery service for large appliances in Tibet; In 2017, JD.com and the Tibet Autonomous Region signed a comprehensive strategic cooperation agreement to accelerate investment and construction of warehousing and logistics in Tibet. Subsequently, JD.com's warehousing and logistics center in Lhasa went into operation. This is the first e-commerce logistics center in Tibet, which has improved the online shopping delivery time in Tibet from ten days to half a month to the fastest \"same-day delivery\" in Lhasa. In addition, in order to break through the limitations of daily necessities consumption in Tibet, JD.com has undertaken a national-level e-commerce demonstration project in 47 counties in Tibet since 2020, and plans to open 100 convenience stores in Tibet this year.</p><p><img src=\"https://static.tigerbbs.com/4d1dda6ab30a9736f4dfc35bc7d7f220\" tg-width=\"969\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p><p>The Qinghai-Tibet Plateau is a microcosm of JD.com's accelerated expansion in recent years. According to financial reports, JD.com's infrastructure has covered more than 550,000 administrative villages across the country. It has not only expanded JD.com's reach, but has also played an increasingly important role in promoting urban and rural consumption fairness and supporting the development of township industries.</p><p><b>450 infrastructure enthusiasts, catching up with ten years in one year.</b></p><p>The ability to achieve \"same-day delivery\" and \"next-day delivery\" directly reflects a kind of \"JD.com speed\".</p><p>As of June 30, 2021, JD Logistics operated approximately 1,200 warehouses, including the cloud warehouse area managed by JD Logistics, with a total warehousing area of approximately 23 million square meters. In one year, the number of warehouses operated by JD Logistics increased by 450, which is equivalent to the total number of warehouses that JD has grown over the ten years since it started building its own logistics network in 2007 to 2017.</p><p>In order to solve the transportation needs of several special drugs,<a href=\"https://laohu8.com/S/06618\">JD Health</a>In the second quarter, JD Logistics successfully built a drug \"self-operated cold chain\" capability covering 100 cities in 12 provincial-level administrative regions across the country, which can effectively help JD Pharmacy accelerate the expansion of special drugs such as rare disease drugs.</p><p>It was thanks to its nationwide infrastructure network that JD.com delivered supplies to the disaster relief sites as soon as the earthquakes struck Yangbi County in Dali Prefecture, Yunnan Province and Mado County in Guoluo Prefecture, Qinghai Province in May this year. During the floods in Henan in July, a large number of flood control supplies and daily necessities were allocated from the nearest warehouse to urgently provide assistance to the disaster area. In August, sufficient supplies of daily necessities were provided to cities with medium- and high-risk areas of the epidemic, such as Nanjing and Zhengzhou, to ensure stable prices.</p><p>To date, JD Logistics has built six major networks, including a warehousing network, an integrated transportation network, a last-mile delivery network, a large-item network, a cold chain network, and a cross-border network. Its service area covers 550,000 administrative villages in China, with 92% of districts and counties and 84% of townships achieving \"same-day\" or \"next-day delivery,\" and its global reach exceeds 220 countries and regions.</p><p>This shows that the infrastructure mania not only solved the \"last mile\" in sales for enterprises, but also filled the \"first mile\" in the supply chain. It accelerated the full-domain circulation of goods and truly realized their maximum value.</p><p><b>31 days, the core innovation behind efficiency</b></p><p>JD.com's aggressive expansion of its infrastructure is inseparable from years of continuous investment in technology.</p><p>Since its comprehensive transformation towards technology in early 2017, JD.com has invested nearly 70 billion yuan in technology. Continuous technological investment has effectively improved JD.com's operational efficiency. In the second quarter, after reaching 9 million SKUs of self-operated products, JD.com further reduced its inventory turnover days to 31 days and its fulfillment expense ratio to 5.8%, setting a new historical record.</p><p>During this year's JD.com 618 shopping festival,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The supply chain provides more than 400,000 intelligent supply chain decisions such as replenishment and allocation every day. JD.com has achieved intelligent supply chain collaboration with 64% of its self-operated suppliers. It is precisely the pre-sale process based on intelligent decision-making that enables minute-level delivery in 200 cities.</p><p>As of June 30, JD Logistics had applied for and obtained more than 500 patents related to unmanned delivery. As a new generation of advanced large-scale automated warehousing, production and management system, Beidou New Warehouse can operate millions of SKUs, which can shorten the fulfillment time by 2-3 hours. In the last-mile delivery segment, JD Logistics has established a complete system for the research, development, testing and operation of autonomous driving technology; Level 4 autonomous intelligent delivery vehicles, equipped with fully self-developed technology, have been put into operation in more than 10 cities across the country.</p><p><img src=\"https://static.tigerbbs.com/33a1ad1e60df30965b8f0ba4fd891ae4\" tg-width=\"640\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p>In addition, JD Discovery Research Institute brings together more than 200 young scientists from around the world to continuously promote innovative research in basic science fields such as trusted artificial intelligence, super deep learning, and quantum machine learning. Previously, JD Exploration Research Institute, in conjunction with the China Academy of Information and Communications Technology, released China's first \"Trusted Artificial Intelligence White Paper\" to the world.</p><p>Currently, JD Cloud has launched the industry's first hybrid cloud operating system, \"Cloud Ship,\" which for the first time elevates hybrid cloud management to the operating system level. Leveraging the Cloud Ship Open Application Market, JD Cloud also launched the industry's first fully open PaaS ecosystem, the \"Cloud Building Plan\".</p><p>It can be said that from<a href=\"https://laohu8.com/S/000931\">Zhongguancun</a>JD.com, which emerged from this, possesses a strong technological gene and is using continuous technological innovation as its foundation to unleash greater social value as a new type of physical enterprise.</p><p><b>8 million households, growing together by teaching people to fish</b></p><p>With its large-scale infrastructure and innovative technology as a foundation, JD.com can contribute more social value and grow together with numerous customers in the industry chain.</p><p>It is reported that JD.com has more than 8 million active enterprise customers, and its cooperation coverage rate with Fortune Global 500 companies reaches 91%. JD.com's achievements are due to its years of experience in enterprise procurement.</p><p>Especially during the 2020 COVID-19 pandemic, JD.com's enterprise business continued to ensure the supply of epidemic prevention and resumption of work and production materials for various enterprises, providing strong support for the uninterrupted provision of public services. During the economic recovery period, JD.com's corporate business also focused on resuming work and production.<a href=\"https://laohu8.com/S/0KFX.UK\">Danone</a>The front line of reaching full production capacity. In March, as the pandemic eased, JD.com's enterprise business immediately launched the \"Enterprise Resumption of Work Guarantee Plan,\" actively responding to material needs from the government and industries such as healthcare, railways, and rail transit, serving more than 1.31 million enterprise customers.</p><p>Song Chunzheng, Vice President of JD.com and President of the Enterprise Business Unit, once stated that as the largest comprehensive enterprise digital procurement platform, JD.com's enterprise business will continuously deepen technological innovation and industrial synergy. While providing more valuable services to enterprise customers, it will drive the enterprise service market to form a healthy ecosystem of win-win development and contribute to the recovery of Chinese enterprises and the Chinese economy in its own way.</p><p>Today, more than 1,000 manufacturing companies are leveraging JD.com's C2M reverse supply chain to enhance their new product development capabilities, and this number is expected to increase to 10,000 in the next three years. 59,000 companies are using the integrated supply chain services provided by JD Logistics, achieving cost reduction and efficiency improvement; More than 1,300 large enterprises and over 1.2 million small and medium-sized enterprises are using the one-stop digital technology services provided by JD Cloud.</p><p>Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a JD.com is proving through its actions that achieving common prosperity for all partners in the industry chain is not a dream.</p><p><b>400,000 people, building compliant development through hard work</b></p><p>The purpose of technological development is not to replace people, but to better serve them. JD.com is committed to improving work efficiency and reducing workload through technological innovation, so that employees can have a greater sense of gain, belonging, and happiness.</p><p>As of June 30, 2021, JD.com had nearly 400,000 employees in its listed and non-listed companies (some listed companies had more than 320,000 employees excluding part-time staff and interns, ranking among the top private enterprises), an increase of nearly 120,000 compared to the same period last year.</p><p>In the first half of this year, JD Logistics paid an average monthly salary of more than 11,000 yuan to 260,000 frontline employees. Unlike most express delivery companies, JD.com's nearly 300,000 blue-collar workers, including delivery drivers, are all full-time employees with formal labor contracts. JD.com provides its logistics drivers with six social insurances and one housing fund, including accidental injury commercial insurance.</p><p><img src=\"https://static.tigerbbs.com/fcde507599867fa58735921c74588c01\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>Not long ago, JD.com announced that from July 1, 2021 to July 1, 2023, it will gradually increase the average annual salary of its employees from 14 salaries to 16 salaries over two years. In addition, JD.com provides employees with a range of benefits, such as the \"Housing Plan,\" employee relief funds, child reunification subsidies for employees working overtime during the Spring Festival, special circumstances subsidies, and COVID-19 insurance.</p><p>JD.com has always adhered to the simplest business logic: only when a company treats its employees well can employees serve customers with sincerity, and only then can customers repay the company with trust.</p><p>Judging from the treatment of its most basic frontline employees, it can be seen that JD.com has long since deeply integrated the concept of \"compliance is development\" into all aspects of its business.</p><p><b>JD.com, the values of physical enterprises</b></p><p>Starting with the \"three-foot counter\" in Zhongguancun 18 years ago, JD.com was still a...<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>Despite facing immense pressure to survive, everyone firmly followed the right path, did practical things, and refused to sell counterfeit goods, evade taxes, or offer or accept bribes. Today, JD.com's ranking has risen to 59th in Fortune's 2021 Global 500 list.</p><p>\"For 18 years since its founding, JD.com has always put the interests of its users, partners, and employees first, and has long adhered to righteous business values,\" said Liu Qiangdong, Chairman and CEO of JD.com. Today, JD.com has grown into a leading supply chain-based technology and service company in China, serving millions of business partners and 532 million users. With hundreds of thousands of full-time employees and a modern intelligent supply chain and infrastructure network, JD.com has grown into a new type of physical enterprise rooted in and serving the long-term development of China's real economy.</p><p>JD.com, which is growing in scale, social influence, and social value, is gradually taking shape.</p><p>According to Zinc Finance, 31, 40, 55, 450, 800... these inconspicuous little numbers in the financial report actually reflect the values that JD.com upholds and the social value it creates as a new type of physical enterprise. Perhaps this is the essence of JD.com.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/3sKk9WFSihH_VJsoHAhqnw\">锌财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/847d34c1e3c7971d406d09709e533466","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","09618":"京东集团-SW","JD":"京东"},"source_url":"https://mp.weixin.qq.com/s/3sKk9WFSihH_VJsoHAhqnw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131333217","content_text":"本周，京东集团正式对外发布2021年第二季度财报，相比于2538亿元净收入等备受关注的大数字，31、40、55、450、800等5个看似不起眼的财报小数字，却让锌财经看到了京东的本质。\n31天：京东将库存周转天数进一步降至31天，履约费用率降至5.8%，再创历史最优水平；\n40万人：京东体系上市公司及非上市公司员工数近40万人，较去年同期新增了近12万人，员工薪酬、福利待遇稳步提升；\n55万个：京东基础设施可覆盖全国55万多个行政村，在促进城乡消费公平、助力乡镇产业发展方面正发挥着越来越重要的作用；\n450个：一年间，京东物流运营的仓库数量增加了450个，这个数字相当于京东从2007年开始自建物流到2017年十年间的仓库增长总量；\n800万家：京东拥有超800万活跃企业客户，是超91%在华世界500强企业的共同选择……\n在刚刚发布的财报中，这样有着特殊意义的小数字还有很多，在锌财经看来，它们也许才能真正反应出京东的本质。\n\n55万个，一场马拉松般的胜利\n在距离京东总部车程4000公里外的西藏林芝市米林县，此前当地消费者要购买一件普通大家电，需要先到拉萨、再运到林芝，然后到米林县，收到货要10天至1个月。\n同一时间，在车程2000公里外的青海省兴海县海拔4000米的高原上，京东快递站站长银错正在招兵买马。以前，她以“一人一站”的方式扛下了这个偏远县城的快递服务，五年多的时间，配送了近20万单，行走了超过25万公里。她的信念只有一个：送好每一个单子，服务好每一个用户。\n虽然，青藏高原地处偏远、交通不便，日常消费受到很多局限，但并没有阻碍消费者的购物欲望。\n2011年，京东第一次在西藏建设自营配送站，开通中小件配送服务；2015年京东在西藏开通大家电配送服务；2017年，京东和西藏自治区签署全面战略合作协议，加快在西藏仓储物流的投资和建设。之后，京东在拉萨建造的仓储物流中心投入运营，这是西藏第一个电商物流中心，把西藏的网购时效从十天半个月提升到了最快拉萨“当日达”。此外，为了打破西藏地区日用品消费的局限，2020年起京东承接西藏47个县的国家级电子商务示范项目，计划今年在西藏落地100家便利店。\n\n青藏高原，是这几年京东加速扩张的一个缩影。据财报显示，京东基础设施已覆盖全国55万多个行政村。不仅实现了京东版图的扩张，更是在促进城乡消费公平、助力乡镇产业发展方面发挥出越来越重要的作用。\n450个，一年赶十年的基建狂魔\n能做到“当日达”和“次日达”，直接反映出的是一种“京东速度”。\n截至2021年6月30日，京东物流已经运营约1200个仓库，包含京东物流管理的云仓面积在内，京东物流仓储总面积约2300万平方米。一年间，京东物流运营的仓库数量增加了450个，这个数字相当于京东从2007年开始自建物流到2017年十年间的仓库增长总量。\n为了解决若干特殊药品的运输需求，京东健康在第二季度和京东物流成功构建了覆盖全国12个省级行政区内100个城市的药品“自营冷链”能力，可以有效地帮助京东大药房加速扩充如罕见病用药等特殊药品。\n也正是得益于遍布全国的基础设施网络，京东在今年5月份云南大理州漾濞县和青海果洛州玛多县发生地震时，第一时间将物资送达救灾现场；在7月份河南发生汛情期间，能够从距离最近的仓库调拨大批防汛物资和生活物资紧急驰援灾区；在8月份为南京、郑州等出现疫情中高风险地区的城市，提供充足的日用物资供应，确保价格平稳。\n截至目前，京东物流构建的仓储网络、综合运输网络、最后一公里配送网络、大件网络、冷链网络及跨境网络等六大网络，服务范围覆盖了中国55万个行政村，92%区县、84%乡镇实现“当日达”或“次日达”，而全球可触达也已超过220国家和地区。\n由此可见，基建狂魔，不仅解决了企业在销售中的“最后一公里”，也补上了供应链的“最初一公里”。加速了商品的全域流通，真正发挥出最大价值。\n31天，效率背后的硬核创新力\n京东之所以能如此激进地扩建基础设施，离不开多年对技术的持续投入。\n从2017年初全面向技术转型以来，京东体系已在技术上累计投入近700亿元。持续的技术投入有效地提升了京东的运营效率，第二季度，在自营商品达到900万SKU的基础上，京东将库存周转天数进一步降至31天，履约费用率降至5.8%，再创历史最优水平。\n在今年京东618期间，京东智能供应链每天要给出超40万条补货、调拨等供应链智能决策，京东与64%的自营供应商实现了智能供应链协同，正是基于智能决策的预售前置，从而在200个城市实现分钟级送达。\n截至6月30日，京东物流已申请及获得的无人配送领域相关专利超过500项。北斗新仓作为新一代先进的大规模自动化仓储生产与管理体系，可操作百万级SKU，可以将履约时间缩短2-3小时。在末端配送环节，京东物流建立了自动驾驶技术研发、测试和运营的完整体系；拥有全自研技术的L4级别自动驾驶智能快递车，已在全国超10个城市投入运营。\n\n此外，京东探索研究院汇集全球200多名青年科学家，在可信人工智能、超级深度学习、量子机器学习等基础科学领域持续推进创新研究。此前，京东探索研究院联合中国信息通信研究院面向全球发布国内首部《可信人工智能白皮书》。\n目前，京东云已推出行业首个混合云操作系统“云舰”，第一次将混合云的管理推向了操作系统级别；依托云舰开放应用市场，京东云还发布行业首个全面开放的PaaS生态“云筑计划”。\n可以说，从中关村走出来的京东，身上具备着浓厚的技术基因，正通过不断创新的技术作为基石，发挥出新型实体企业的更多社会价值。\n800万家，授人以渔的共同成长\n在有了大规模的基础设施以及创新的技术作为基础，京东可以贡献更多的社会价值，实现与产业链的众多客户共同成长。\n据悉，京东拥有超800万活跃企业客户，世界500强的合作覆盖率达91%。之所以取得这样的成绩，是京东在企业采购领域深耕多年的经验。\n特别是在2020年疫情防控期间，京东企业业务持续保障各类企业的防疫及复工复产物资供给，为民生服务、公共服务的不停摆提供了有力支持。在经济复苏期间，京东企业业务也冲在了复工复产、达能达产的第一线。疫情缓解的3月，京东企业业务第一时间启动“企业复工保障计划”，积极响应来自政府以及医疗、铁路、轨道交通等行业的物资需求，累计服务超131万企业客户。\n京东集团副总裁、企业业务事业部总裁宋春正曾表示，作为最大的企业数字化采购综合平台，京东企业业务将会不断深化技术创新和产业协同，在为企业客户提供更有价值服务的同时，带动企业服务市场形成共赢发展的良性生态，以自己的方式为中国企业与中国经济的复苏贡献力量。\n如今，超过1000家制造企业借助京东打造的C2M反向供应链提升新品开发能力，未来三年将提升到10000家制造企业；有5.9万家企业在使用京东物流提供的一体化供应链服务，实现了降本增效；1300多家大型企业、超120万家中小微企业在使用京东云提供的一站式数智化技术服务。\n授人以鱼，不如授人以渔。京东正用自己的行动证明，实现产业链全部合作伙伴的共同富裕，不是梦。\n40万人，用汗水筑就合规发展\n技术发展的目的不是替代人，而是更好地服务人。京东始终致力于通过技术创新，提升工作效率，降低工作强度，让员工拥有更多的获得感、归属感和幸福感。\n截至2021年6月30日，京东体系上市公司及非上市公司员工数近40万人（上市公司部分除兼职人员以及实习生外超过32万名员工，位居民营企业前列），较去年同期新增了近12万人。\n今年上半年，京东物流为26万一线员工支付的月平均工资支出超过1.1万元。与多数快递企业不同，京东包括送货小哥在内的近30万蓝领，全部都是正式员工，签订正规的劳动合同，京东为物流小哥提供了包括意外伤害商业保险在内的六险一金。\n\n前不久，京东集团宣布，自2021年7月1日开始到2023年7月1日，用两年时间，将员工平均年薪由14薪逐步涨至16薪；此外，京东还为员工提供诸如“安居计划”、员工救助基金、春节期间加班员工子女团聚补贴、特殊环境补贴、及新冠疫情险等一系列福利。\n京东始终坚持一个最朴素的商业逻辑：企业对员工好，员工才能用真心去服务客户，客户才能用信赖回馈企业。\n从最基层的一线员工待遇中就可以看出，京东早已将“合规即发展”的理念深深地融入企业各项业务中。\n大京东，实体企业的价值观\n从18年前中关村的“三尺柜台”开始，京东还是一家创业公司时，尽管承受着巨大的生存压力，但是每个人都坚定的走正道、做实事，不卖水货假货、不偷税漏税、不行贿受贿。时至今日，在《财富》公布的2021年世界500强榜单，京东集团排名已提升至第59位。\n“京东成立的18年来，始终坚持把用户、合作伙伴和员工的利益放在第一位，并长期坚持正道商业价值观。”京东集团董事会主席兼首席执行官刘强东表示，今天，京东已经成长为中国领先的以供应链为基础的技术与服务企业，服务着不断扩大的数百万计的业务伙伴和5.32亿用户。京东拥有几十万名全职员工以及现代化的智能供应链和基础设施网络，已成长为一家根植于、并服务于中国实体经济长期发展的新型实体企业。\n一个规模越来越大、一个社会影响越来越大、一个社会价值越来越大的京东正在渐次成型。\n在锌财经看来，31、40、55、450、800……这样一组又一组在财报中不起眼的小数字，其实更能反映出京东作为新型实体企业，所坚守的价值观、所创造的社会价值，也许这才是京东的本质。","news_type":1,"symbols_score_info":{"QNETCN":0.9,"09618":0.9,"JD":0.9}},"isVote":1,"tweetType":1,"viewCount":5796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810709221,"gmtCreate":1630001813463,"gmtModify":1676530197394,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810709221","repostId":"1187114664","repostType":4,"repost":{"id":"1187114664","kind":"news","pubTimestamp":1630031209,"share":"https://ttm.financial/m/news/1187114664?lang=en_US&edition=fundamental","pubTime":"2021-08-27 10:26","market":"us","language":"zh","title":"How can the Federal Reserve manipulate global inflation?","url":"https://stock-news.laohu8.com/highlight/detail?id=1187114664","media":"财主家的余粮","summary":"按照价格上升的速度，人们通常将通货膨胀划分为以下几个级别：\n爬行通货膨胀(creeping inflation, 每年物价上升1%~3%);\n温和通货膨胀(moderate inflation, 每年","content":"<p>Inflation is usually divided into the following levels according to the rate at which prices rise:</p><p><b>creeping inflation (prices rise by 1% to 3% annually);</b></p><p><b>moderate inflation (prices rise by 3% to 6% annually);</b></p><p><b>raging inflation (prices rise by 6% to 9% annually);</b></p><p><b>galloping inflation (prices rise by 10% to 50% annually);</b></p><p><b>hyper-inflation (prices rise by more than 50% annually).</b></p><p>By studying nearly a century of monetary history in the United States between 1867 and 1960, Friedman reached a definitive conclusion regarding inflation:</p><p><b>\"Inflation, at any time and in any place, is a monetary phenomenon.\"</b></p><p>Furthermore, according to Friedman's research, except for hyperinflation, inflation usually occurs 12-24 months after the money supply, and usually lasts longer than 24 months.</p><p>Therefore, manipulating inflation, to put it bluntly, is manipulating the issuance of currency, which is the responsibility of the central bank.</p><p><img src=\"https://static.tigerbbs.com/9c98d63d291d237f8950be12f1a0750f\" tg-width=\"1080\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Some people watch changes in the central bank's balance sheet to judge the trend of inflation—because the size of the central bank's balance sheet does indeed represent the total scale of the central bank's money printing, and the size of the balance sheet is completely under the central bank's control.</p><p>There's really nothing wrong with this approach. Unfortunately, reality is harsh. Apart from seeing the two commonalities that the central bank's balance sheet has been increasing and inflation has been persistent, you can hardly see the relationship between changes in inflation and changes in the size of the central bank's balance sheet.</p><p>For example, since 2008, we can observe the size of the Federal Reserve's balance sheet. After a period of surge, we can indeed observe that inflation will also surge a year later. However, most of the time, inflation has almost no reaction to changes in the size of the balance sheet.</p><p><img src=\"https://static.tigerbbs.com/b661b875fd52225ff055b573bda9d7bc\" tg-width=\"864\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p><p>In other major global economies, including Europe, China, and Japan, the size of central bank balance sheets is less closely related to inflation.</p><p>Some people focus on the rate of change of broad money, because the definition of broad money does indeed include all the money and credit derived from the base money in a society, representing the payment capacity of the entire society.</p><p>Let's take the US dollar M2 growth rate again to observe the relationship between broad money and inflation.</p><p><img src=\"https://static.tigerbbs.com/4566cd8037455a6e2d0f324863cab858\" tg-width=\"864\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p><p>The relationship between M2 growth rate and inflation is somewhat better than that between changes in asset size, but overall, no pattern can be seen.</p><p>More importantly, in both the United States and China, broad money mainly comes from the expansion of social credit. While the central bank can certainly influence its expansion speed through rate hike, interest rate cuts, money printing, and money collection, it is not entirely under the central bank's control. To a large extent, it is influenced by the economic environment, and the central bank must choose a data point that it can fully control and manipulate.</p><p>in the case of the US dollar, this data is called \"Currency in Circulation,\" which I call CiC.</p><p>Here's an interpretation of the main components of the Federal Reserve's liability side.</p><p>On the Federal Reserve's asset side, the question is what it uses to print money; The Federal Reserve's liability side is the question of which accounts the money it prints ultimately flows into.</p><p>According to the Federal Reserve's balance sheet, the Fed's liability side currently mainly consists of four parts:</p><p><b>1) Bank reserves:</b>This includes banks' required reserves and excess reserves. The required reserve ratio in the United States is very low, but since the 2008 global financial crisis, the amount of excess reserves held by major banks in the Federal Reserve's accounts has increased rapidly and is currently the largest item on the Federal Reserve's liability side. This money belongs to major banks but is kept in the Federal Reserve's reserve accounts and does not circulate to society.</p><p><b>2) Federal government accounts:</b>There's not much to say about this. It's just that the U.S. Treasury Department has an Account with the Federal Reserve, commonly known as the \"TGA (Treasury General Account).\" The funds shown in this Account have always been stored in the Federal Reserve Account and have not been circulated to society. If the US government spends it, the account balance will decrease, meaning it will circulate into society.</p><p><b>3) Funds in the Federal Reserve's reverse repo account:</b>This is a tool used by the Federal Reserve to regulate the tightness of credit in financial markets in the short term. It is the exact opposite of the People's Bank of China's reverse repos. The Federal Reserve's reverse repos are an action to withdraw market funds, and the funds involved are also deposited in the Federal Reserve's accounts, not money circulating in society. The funds in reverse repurchase accounts have always been negligible. However, since the 2008 global financial crisis, in order to recover excessive liquidity in the financial market, the scale of reverse repos has grown rapidly. Starting in April 2020, the size of this account soared to a massive level, becoming one of the Federal Reserve's most important liabilities.</p><p><b>4) Currency in circulation:</b>There's not much to say about this. The total amount of funds in all accounts currently held at member banks of the Federal Reserve (almost all large and medium-sized banks in the United States are member banks of the Federal Reserve) is the money that is actually circulating in American society.</p><p>Except during the 2008 financial crisis and a few other times, these four accounts together account for more than 90% of the Federal Reserve's total liabilities, currently accounting for 96%. The Federal Reserve regulates and changes the total amount of money circulating in American society through the balance of these four accounts, thereby influencing the inflation situation of the entire society.</p><p>Comparing the annualized growth rate of CiC over the past 20 years with CPI inflation 12 months later not only reveals a high correlation between the growth rate of CiC and inflation, but also clearly demonstrates the Federal Reserve's operational strategy.</p><p>The adjustment strategy is very simple:</p><p><b>When inflation is high and rising, every effort is made to reduce the growth rate of money in circulation.</b></p><p><b>When inflation is low and declining, efforts are made to increase the growth rate of the currency in circulation.</b></p><p>After the 9/11 attacks in 2001, the Federal Reserve significantly increased the amount of money in circulation, which led to U.S. CPI inflation rising and exceeding 2% from the end of 2002 and remaining above 2%. The Federal Reserve then took a series of measures to withdraw some of the liquidity from the market, and as long as market inflation remained high, the CiC's growth rate remained low.</p><p>By early 2008, the annualized growth rate of money in circulation had fallen to near zero. Shortly thereafter, a global financial crisis triggered by the subprime mortgage crisis broke out, inflation dropped sharply, and the Federal Reserve immediately chose to print money aggressively (QE1). Under the control of the Federal Reserve, the growth rate of money in circulation surged starting from the end of 2008, and starting from mid-2009, the US inflation level also surged from its low level and returned to above 2%.</p><p>Then, the Federal Reserve chose to stop QE1, which quickly caused the CiC's growth rate to plummet. The Fed had to start QE2, which caused the CiC's growth rate to surge again, thus keeping the US inflation rate above 2%.</p><p>When the US inflation rate remained at 1%-2%, the Federal Reserve believed that it had achieved its monetary target, so it controlled the slow decline in the CiC growth rate. This process continued until September 2019, after which CiC growth was basically maintained at a low level. However, with the outbreak of the global COVID-19 pandemic in March 2020, there was a risk of a sharp decline in the US inflation rate. The Federal Reserve immediately launched unlimited quantitative easing (QE) and printed money aggressively, causing the CiC's growth rate to continue to surge to a record high of nearly 17%...</p><p>In March of this year, the U.S. inflation rate rose rapidly again. Although QE was still ongoing, the Federal Reserve began to lower the annualized growth rate of the CiC again, bringing it down from a high of nearly 17%.</p><p>Observing the changes in the Federal Reserve's liabilities over the past year and a half, we can clearly see the Fed's strategy for manipulating the CiC growth rate:</p><p>First, through unlimited QE money printing, the balance sheet size surged by more than 80%; However, in order to avoid the chaos in the capital market and social value system caused by the direct doubling of money supply, the scale of reserves and reverse repos began to surge: the reserve account increased at a rate of more than 100%, while the growth rate of reverse repos accounts was also close to 100%. As for the U.S. Treasury account, its growth rate exceeded 1000% because the federal government needed to cope with the future frenzied spending spree...</p><p>Under these three major growth categories, although the growth rate of money circulating in society reached its highest level in history, it only exceeded 10%, thus ensuring that the scale of dollar circulation in society as a whole grows within a relatively normal range and does not subvert the dollar value foundation of society as a whole.</p><p>This process continued until March 2021, when, as U.S. inflation data \"rapidly exceeded the standard,\" the Federal Reserve began to rapidly reduce the growth rate of the CiC by rapidly reducing the growth rate of reserves. In addition, as the U.S. Treasury Department's money is distributed by the government to citizens and businesses, the Treasury Department's account quota has decreased by more than 50%. To offset this impact, the Federal Reserve aggressively launched reverse repurchase accounts, with the quota of reverse repurchase accounts increasing by more than 500%...</p><p>Under this series of large-scale operations, CiC's annualized growth rate has begun to gradually decrease, and has now dropped below 10%, moving towards a \"normalization\" level.</p><p>Clearly, regardless of drastic changes in the total size of the balance sheet, reserves, reverse repos, or the amount of government accounts (which are controlled by the U.S. Treasury Department, not the Federal Reserve), the Federal Reserve's policy goal is to maintain the money in circulation at all times.<b>\"Stable growth\"</b>—On the basis of stable growth, adjust the growth rate according to the level of inflation, thereby controlling future inflation.</p><p>This is the Federal Reserve's overall approach to manipulating dollar inflation.</p><p>Previously, I wrote articles informing everyone about the manipulation of inflation data by government statistical departments around the world. However, inflation manipulation is not just a matter for statistical bureaus; it is also a matter for central banks around the world, including the Federal Reserve.<b>primary task</b>。</p><p>In fact, as early as June 2020, with the CiC growth rate surging, the Federal Reserve was well aware, based on historical patterns, that US inflation would inevitably \"significantly exceed the target\" in the second quarter of 2021, which is why it proposed the so-called...<b>\"Average inflation targeting system\"</b>They were just unsure how far this \"excess\" could go.</p><p>Currently, large-scale quantitative easing (QE) has become the Federal Reserve's \"normal operation,\" coupled with drastic changes in the U.S. government's account balance. At this point, the Federal Reserve's reserve account and reverse repurchase account act as a super buffer to absorb drastic changes in the dollar money supply. It is conceivable that these two accounts will continue to play this role over the next year and become a tool for the Federal Reserve to manipulate inflation.</p><p>Furthermore, the reason why Powell has consistently vowed that the Federal Reserve has ways to deal with inflation is actually due to his confidence in adjusting the reserve account and reverse repurchase account.</p><p>This raises the question: the CiC growth rate has now rapidly dropped below 10%, starting to catch up with the average level of the past 10 years, and the Federal Reserve has confidently stated that it can combat inflation.</p><p>So, is the current inflation in the United States really temporary, like after QE in 2008?</p><p>Although that's another question, to be honest, I personally think the outcome may not be what the Federal Reserve claims. Because the current and future global economic situation is completely different from that after 2008. In previous articles, I have repeatedly emphasized that this round of inflation is likely to continue.</p><p>Consider this: in mid-2002, CiC's annualized growth rate only exceeded 10% for a very short period, but for the next five years or so, the inflation rate in the United States exceeded 3% for half of the time...</p><p>Following the frenzied money printing since the beginning of 2020, the severity of this global inflation is likely to exceed that of 20 years ago. After all, inflation is influenced by too many internal and external factors, unlike the Federal Reserve's account, which can be manipulated however it wants.</p>","source":"wqqq","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>How can the Federal Reserve manipulate global inflation?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow can the Federal Reserve manipulate global inflation?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">财主家的余粮</strong><span class=\"h-time small\">2021-08-27 10:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Inflation is usually divided into the following levels according to the rate at which prices rise:</p><p><b>creeping inflation (prices rise by 1% to 3% annually);</b></p><p><b>moderate inflation (prices rise by 3% to 6% annually);</b></p><p><b>raging inflation (prices rise by 6% to 9% annually);</b></p><p><b>galloping inflation (prices rise by 10% to 50% annually);</b></p><p><b>hyper-inflation (prices rise by more than 50% annually).</b></p><p>By studying nearly a century of monetary history in the United States between 1867 and 1960, Friedman reached a definitive conclusion regarding inflation:</p><p><b>\"Inflation, at any time and in any place, is a monetary phenomenon.\"</b></p><p>Furthermore, according to Friedman's research, except for hyperinflation, inflation usually occurs 12-24 months after the money supply, and usually lasts longer than 24 months.</p><p>Therefore, manipulating inflation, to put it bluntly, is manipulating the issuance of currency, which is the responsibility of the central bank.</p><p><img src=\"https://static.tigerbbs.com/9c98d63d291d237f8950be12f1a0750f\" tg-width=\"1080\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Some people watch changes in the central bank's balance sheet to judge the trend of inflation—because the size of the central bank's balance sheet does indeed represent the total scale of the central bank's money printing, and the size of the balance sheet is completely under the central bank's control.</p><p>There's really nothing wrong with this approach. Unfortunately, reality is harsh. Apart from seeing the two commonalities that the central bank's balance sheet has been increasing and inflation has been persistent, you can hardly see the relationship between changes in inflation and changes in the size of the central bank's balance sheet.</p><p>For example, since 2008, we can observe the size of the Federal Reserve's balance sheet. After a period of surge, we can indeed observe that inflation will also surge a year later. However, most of the time, inflation has almost no reaction to changes in the size of the balance sheet.</p><p><img src=\"https://static.tigerbbs.com/b661b875fd52225ff055b573bda9d7bc\" tg-width=\"864\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p><p>In other major global economies, including Europe, China, and Japan, the size of central bank balance sheets is less closely related to inflation.</p><p>Some people focus on the rate of change of broad money, because the definition of broad money does indeed include all the money and credit derived from the base money in a society, representing the payment capacity of the entire society.</p><p>Let's take the US dollar M2 growth rate again to observe the relationship between broad money and inflation.</p><p><img src=\"https://static.tigerbbs.com/4566cd8037455a6e2d0f324863cab858\" tg-width=\"864\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p><p>The relationship between M2 growth rate and inflation is somewhat better than that between changes in asset size, but overall, no pattern can be seen.</p><p>More importantly, in both the United States and China, broad money mainly comes from the expansion of social credit. While the central bank can certainly influence its expansion speed through rate hike, interest rate cuts, money printing, and money collection, it is not entirely under the central bank's control. To a large extent, it is influenced by the economic environment, and the central bank must choose a data point that it can fully control and manipulate.</p><p>in the case of the US dollar, this data is called \"Currency in Circulation,\" which I call CiC.</p><p>Here's an interpretation of the main components of the Federal Reserve's liability side.</p><p>On the Federal Reserve's asset side, the question is what it uses to print money; The Federal Reserve's liability side is the question of which accounts the money it prints ultimately flows into.</p><p>According to the Federal Reserve's balance sheet, the Fed's liability side currently mainly consists of four parts:</p><p><b>1) Bank reserves:</b>This includes banks' required reserves and excess reserves. The required reserve ratio in the United States is very low, but since the 2008 global financial crisis, the amount of excess reserves held by major banks in the Federal Reserve's accounts has increased rapidly and is currently the largest item on the Federal Reserve's liability side. This money belongs to major banks but is kept in the Federal Reserve's reserve accounts and does not circulate to society.</p><p><b>2) Federal government accounts:</b>There's not much to say about this. It's just that the U.S. Treasury Department has an Account with the Federal Reserve, commonly known as the \"TGA (Treasury General Account).\" The funds shown in this Account have always been stored in the Federal Reserve Account and have not been circulated to society. If the US government spends it, the account balance will decrease, meaning it will circulate into society.</p><p><b>3) Funds in the Federal Reserve's reverse repo account:</b>This is a tool used by the Federal Reserve to regulate the tightness of credit in financial markets in the short term. It is the exact opposite of the People's Bank of China's reverse repos. The Federal Reserve's reverse repos are an action to withdraw market funds, and the funds involved are also deposited in the Federal Reserve's accounts, not money circulating in society. The funds in reverse repurchase accounts have always been negligible. However, since the 2008 global financial crisis, in order to recover excessive liquidity in the financial market, the scale of reverse repos has grown rapidly. Starting in April 2020, the size of this account soared to a massive level, becoming one of the Federal Reserve's most important liabilities.</p><p><b>4) Currency in circulation:</b>There's not much to say about this. The total amount of funds in all accounts currently held at member banks of the Federal Reserve (almost all large and medium-sized banks in the United States are member banks of the Federal Reserve) is the money that is actually circulating in American society.</p><p>Except during the 2008 financial crisis and a few other times, these four accounts together account for more than 90% of the Federal Reserve's total liabilities, currently accounting for 96%. The Federal Reserve regulates and changes the total amount of money circulating in American society through the balance of these four accounts, thereby influencing the inflation situation of the entire society.</p><p>Comparing the annualized growth rate of CiC over the past 20 years with CPI inflation 12 months later not only reveals a high correlation between the growth rate of CiC and inflation, but also clearly demonstrates the Federal Reserve's operational strategy.</p><p>The adjustment strategy is very simple:</p><p><b>When inflation is high and rising, every effort is made to reduce the growth rate of money in circulation.</b></p><p><b>When inflation is low and declining, efforts are made to increase the growth rate of the currency in circulation.</b></p><p>After the 9/11 attacks in 2001, the Federal Reserve significantly increased the amount of money in circulation, which led to U.S. CPI inflation rising and exceeding 2% from the end of 2002 and remaining above 2%. The Federal Reserve then took a series of measures to withdraw some of the liquidity from the market, and as long as market inflation remained high, the CiC's growth rate remained low.</p><p>By early 2008, the annualized growth rate of money in circulation had fallen to near zero. Shortly thereafter, a global financial crisis triggered by the subprime mortgage crisis broke out, inflation dropped sharply, and the Federal Reserve immediately chose to print money aggressively (QE1). Under the control of the Federal Reserve, the growth rate of money in circulation surged starting from the end of 2008, and starting from mid-2009, the US inflation level also surged from its low level and returned to above 2%.</p><p>Then, the Federal Reserve chose to stop QE1, which quickly caused the CiC's growth rate to plummet. The Fed had to start QE2, which caused the CiC's growth rate to surge again, thus keeping the US inflation rate above 2%.</p><p>When the US inflation rate remained at 1%-2%, the Federal Reserve believed that it had achieved its monetary target, so it controlled the slow decline in the CiC growth rate. This process continued until September 2019, after which CiC growth was basically maintained at a low level. However, with the outbreak of the global COVID-19 pandemic in March 2020, there was a risk of a sharp decline in the US inflation rate. The Federal Reserve immediately launched unlimited quantitative easing (QE) and printed money aggressively, causing the CiC's growth rate to continue to surge to a record high of nearly 17%...</p><p>In March of this year, the U.S. inflation rate rose rapidly again. Although QE was still ongoing, the Federal Reserve began to lower the annualized growth rate of the CiC again, bringing it down from a high of nearly 17%.</p><p>Observing the changes in the Federal Reserve's liabilities over the past year and a half, we can clearly see the Fed's strategy for manipulating the CiC growth rate:</p><p>First, through unlimited QE money printing, the balance sheet size surged by more than 80%; However, in order to avoid the chaos in the capital market and social value system caused by the direct doubling of money supply, the scale of reserves and reverse repos began to surge: the reserve account increased at a rate of more than 100%, while the growth rate of reverse repos accounts was also close to 100%. As for the U.S. Treasury account, its growth rate exceeded 1000% because the federal government needed to cope with the future frenzied spending spree...</p><p>Under these three major growth categories, although the growth rate of money circulating in society reached its highest level in history, it only exceeded 10%, thus ensuring that the scale of dollar circulation in society as a whole grows within a relatively normal range and does not subvert the dollar value foundation of society as a whole.</p><p>This process continued until March 2021, when, as U.S. inflation data \"rapidly exceeded the standard,\" the Federal Reserve began to rapidly reduce the growth rate of the CiC by rapidly reducing the growth rate of reserves. In addition, as the U.S. Treasury Department's money is distributed by the government to citizens and businesses, the Treasury Department's account quota has decreased by more than 50%. To offset this impact, the Federal Reserve aggressively launched reverse repurchase accounts, with the quota of reverse repurchase accounts increasing by more than 500%...</p><p>Under this series of large-scale operations, CiC's annualized growth rate has begun to gradually decrease, and has now dropped below 10%, moving towards a \"normalization\" level.</p><p>Clearly, regardless of drastic changes in the total size of the balance sheet, reserves, reverse repos, or the amount of government accounts (which are controlled by the U.S. Treasury Department, not the Federal Reserve), the Federal Reserve's policy goal is to maintain the money in circulation at all times.<b>\"Stable growth\"</b>—On the basis of stable growth, adjust the growth rate according to the level of inflation, thereby controlling future inflation.</p><p>This is the Federal Reserve's overall approach to manipulating dollar inflation.</p><p>Previously, I wrote articles informing everyone about the manipulation of inflation data by government statistical departments around the world. However, inflation manipulation is not just a matter for statistical bureaus; it is also a matter for central banks around the world, including the Federal Reserve.<b>primary task</b>。</p><p>In fact, as early as June 2020, with the CiC growth rate surging, the Federal Reserve was well aware, based on historical patterns, that US inflation would inevitably \"significantly exceed the target\" in the second quarter of 2021, which is why it proposed the so-called...<b>\"Average inflation targeting system\"</b>They were just unsure how far this \"excess\" could go.</p><p>Currently, large-scale quantitative easing (QE) has become the Federal Reserve's \"normal operation,\" coupled with drastic changes in the U.S. government's account balance. At this point, the Federal Reserve's reserve account and reverse repurchase account act as a super buffer to absorb drastic changes in the dollar money supply. It is conceivable that these two accounts will continue to play this role over the next year and become a tool for the Federal Reserve to manipulate inflation.</p><p>Furthermore, the reason why Powell has consistently vowed that the Federal Reserve has ways to deal with inflation is actually due to his confidence in adjusting the reserve account and reverse repurchase account.</p><p>This raises the question: the CiC growth rate has now rapidly dropped below 10%, starting to catch up with the average level of the past 10 years, and the Federal Reserve has confidently stated that it can combat inflation.</p><p>So, is the current inflation in the United States really temporary, like after QE in 2008?</p><p>Although that's another question, to be honest, I personally think the outcome may not be what the Federal Reserve claims. Because the current and future global economic situation is completely different from that after 2008. In previous articles, I have repeatedly emphasized that this round of inflation is likely to continue.</p><p>Consider this: in mid-2002, CiC's annualized growth rate only exceeded 10% for a very short period, but for the next five years or so, the inflation rate in the United States exceeded 3% for half of the time...</p><p>Following the frenzied money printing since the beginning of 2020, the severity of this global inflation is likely to exceed that of 20 years ago. After all, inflation is influenced by too many internal and external factors, unlike the Federal Reserve's account, which can be manipulated however it wants.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/j-I4SnKxJHxF3XljSZHIKg\">财主家的余粮</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f9e9a265cb0e7e8cb195039b2fe24a4","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","QQQ":"纳指100ETF","TQQQ":"纳指三倍做多ETF",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares","IVV":"标普500ETF-iShares","DOG":"道指ETF-ProShares做空","SDS":"两倍做空标普500 ETF-ProShares",".DJI":"道琼斯","SQQQ":"纳指三倍做空ETF","DDM":"2倍做多道指ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","OEX":"标普100","SPY":"标普500ETF",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF-ProShares"},"source_url":"https://mp.weixin.qq.com/s/j-I4SnKxJHxF3XljSZHIKg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187114664","content_text":"按照价格上升的速度，人们通常将通货膨胀划分为以下几个级别：\n爬行通货膨胀(creeping inflation, 每年物价上升1%~3%);\n温和通货膨胀(moderate inflation, 每年物价上升3%~6%);\n严重通货膨胀(raging inflation, 每年物价上升6%~9%);\n急剧通货膨胀(galloping inflation, 每年物价上升10%~50%);\n超级通货膨胀(hyper-inflation, 每年物价上升50%以上)。\n通过研究美国1867-1960年之间近百年的货币史，关于通货膨胀，弗里德曼得出来了一个斩钉截铁的结论：\n“通货膨胀，在任何时间，在任何地点，都是一个货币现象”。\n进一步地，根据弗里德曼的研究，除了超级通货膨胀之外，通货膨胀的发生，通常都发生在货币增发之后的12-24个月，而且持续时间，通常比24个月更久。\n所以，如何操纵通胀，说白了就是操纵货币的发行，这是央行的事儿。\n\n有人盯着央行的资产负债表变动，以此来判断通胀的走势——因为，央行资产负债表规模，确确实实代表了央行印钞的总规模，而且资产负债表大小完完全全在央行的操控之下。\n这个思路的确没啥问题。可惜，现实却很骨感，除了能看到央行资产负债表一直在增加、而通胀也一直持续这两个共同点之外，你几乎看不到通货膨胀变化与央行资产负债表规模变化之间的关系。\n例如，自2008年以来，我们可以观察到美联储的资产负债表规模，在阶段性的暴涨过后，的确能观察到一年之后的通胀也阶段性暴涨之外，但绝大部分时间通胀对资产负债表规模的变化几乎没有反应。\n\n其他的全球主要经济体，包括欧洲、中国和日本，央行资产负债表规模与通胀的关系更小。\n有人盯着广义货币的变化速率，因为广义货币的定义，的确包含了一个社会上由基础货币所衍生出来的所有货币和信贷，代表着整个社会的支付能力。\n再次拿美元M2增速，来观察广义货币与通货膨胀的关系。\n\nM2增长率与通货膨胀的关系比资产规模变化好一些，但整体还是看不出来什么规律。\n更重要的是，无论美国还是中国，广义货币主要来自于社会信贷的扩张，央行固然可以通过加息降息印钞收钞来影响其扩张速度，但毕竟不是完全在央行的管控之下，其很大程度上，受到经济环境的影响，而央行必须选一个自己能够完全掌控和操纵的数据。\n就美元而言，这个数据叫“流通中的货币（Currency in Circulation）” ，我称之为CiC。\n这里解读一下美联储负债端的主要构成。\n美联储的资产端，是它拿什么来印钞的问题；而美联储的负债端，则是它所印的钱，最终都流向了哪些账户的问题。\n根据美联储的资产负债表，目前，美联储的负债端主要由4个部分构成：\n1）银行准备金：包括了银行的法定准备金和超额准备金，美国的法定准备金率很低，但是自2008年全球金融危机以来，各大银行存放在美联储账户上的超额准备金额度迅速增长，目前是美联储负债端第一大项，这些钱隶属于各大银行，但是放在美联储的准备金账户上，未流通到社会上。\n2）联邦政府账户：这个没什么好说的，就是美国财政部开在美联储的账户，俗称为“TGA（Treasury General Account）”，这里面所显示的资金，一直存放在美联储账户上，并未流通到社会上。如果美国政府花出去，账户额会降低，就是流通到了社会上。\n3）美联储的逆回购账户资金：这是美联储用于短期调节金融市场信用松紧的工具，和中国央行的逆回购正好相反，美联储逆回购是收回市场资金的举动，这里面的资金，也是存放在美联储的账户上，不是社会上流通的钱。一直以来，逆回购账户资金不值一提。但自2008年全球金融危机之后，为了收回金融市场上过多的流动性，逆回购规模快速增长；从2020年4月份开始，这个账户规模更是飙升至天量，成为美联储最主要的负债端之一。\n4）流通中的货币：这个没啥说的，就是目前开在美联储会员银行（美国几乎所有的大中型银行都是美联储的会员银行）所有账户资金总和，是真正流通在美国社会上的钱。\n除了2008年金融危机期间及其他极少数时间，这4个账户总和，占到美联储负债总规模的90%以上，目前占比是96%。美联储正是通过这4个账户的平衡，来调节和改变美国社会上所流通的货币总量，进而影响整个社会的通货膨胀情况。\n把过去20年里CiC的年化增长率与12个月后的CPI通胀进行对比，除了能看出来CiC的增长率与通胀相关性很高之外，也明显看出美联储的操作思路。\n调节思路非常简单：\n通胀率处于高位且上升阶段，就想方设法降低流通货币增长率；\n通胀率处于低位且下降阶段，就使劲儿增加流通货币的增长率。\n2001年“911事件”爆发之后，美联储大肆增加流通货币数量，由此导致从2002年底开始，美国的CPI通胀开始上升并突破2%并一直保持在2%以上。随后美联储就采取一系列措施，收回市场上的一部分流动性，而且只要市场通胀率位于高位，CiC的增长率就一直让其保持在低位。\n到了2008年初，流通货币的年化增长率已经降至接近于0的水平。此后不久，又爆发了由次贷危机引发的全球金融危机，通胀水平急剧下降，美联储立即选择了疯狂印钞（QE1）。在美联储的操纵之下，自2008年底开始，流通货币增长率暴涨，从2009年年中开始，美国通胀水平也从低位开始暴涨并回到了2%以上。\n然后，美联储选择了停止QE1，结果CiC的增长率很快暴跌，美联储不得不开启QE2，让CiC的增长率再度暴涨，由此才将美国的通胀率维持在2%以上。\n当美国的通胀率维持在1%-2%水平的时候，美联储认为已经达成了货币目标，于是控制CiC的增长率缓慢下降，这一过程一直持续到2019年9月份，此后基本维持CiC低位增长。但随着2020年3月份全球新冠疫情的爆发，美国通胀率有急剧下降风险，美联储立即启动了无限QE，疯狂印钞，让CiC的增长率持续暴涨到近17%的历史极高位……\n今年3月份，美国的通胀率再度迅速上升，虽然还在持续QE，但美联储就又开始着手降低CiC的年化增长率，将其从近17%的高位降下来。\n观察最近一年半来美联储的负债项变化，可以清晰地发现美联储操纵CiC增长率的思路：\n先是通过无限QE印钞，资产负债表规模暴涨了80%以上；但同时，为避免市场上货币直接翻倍可能导致的资本市场及社会价值体系混乱，准备金和逆回购规模开始暴涨：准备金账户以超过100%的速度增加，而逆回购账户的增长率也接近100%。至于美国财政部账户，因为联邦政府要应对未来的疯狂撒钱，其增长率更是超过1000%……\n在这三个大项增长之下，社会上流通的货币增长率尽管达到了有史以来的最高水平，但也仅仅是超过了10%，从而确保整个社会流通美元的规模在一个相对正常的范围增长，不至于颠覆整个社会的美元价值基础。\n这一过程一直持续到2021年3月份，随着美国的通胀数据的“迅速超标”，美联储开始火速降低CiC的增长率，办法就是快速降低准备金的增速。另外，随着美国财政部的钱都被政府发给民众和企业，财政部账户额度的降速更是超过了50%。为抵消这个影响，美联储又强力启动逆回购账户，逆回购账户额度增速超过了500%……\n在这一系列大手笔操作之下，CiC的年化增长率开始逐渐降低，目前已经降低到了10%以下，向着“正常化”的水平迈进。\n显然，不管资产负债表总规模、准备金、逆回购或者政府账户（这个受美国财政部控制，不是美联储说了算）的额度如何剧烈变化，美联储的政策目标，就是始终保持社会上流通货币的“稳定增长”——在稳定增长的基础上，根据通货膨胀的高低，调整其增长率，进而对未来通胀加以操控。\n这就是美联储操纵美元通货膨胀的整体思路。\n以前，我曾经写过文章，告知大家关于各国政府统计部门对于通胀数据的操纵，但通胀操纵这事儿，可不仅仅是统计局一家的事儿，更是包括美联储在内各国央行的首要任务。\n实际上，就在2020年6月，随着CiC增长率的暴涨，根据历史规律，美联储已经很清楚， 2021年二季度美国的通胀必然会 “大大超标”，所以才提出来了所谓的“平均通胀目标制”，他们只是不确定这个“超标”能够超到什么程度而已。\n目前，大规模QE变成了美联储的“正常操作”，而且叠加了美国政府账户额度的剧烈变化。此时，美联储的准备金账户和逆回购账户，就像是吸收美元货币量剧烈变化的超级缓冲器。可以想象的是，在未来一年内，这两个账户还将持续发挥这种作用，并成为美联储操纵通胀的抓手。\n进一步地，鲍威尔为什么一直信誓旦旦地说，即使出现了通胀，美联储也有办法进行应对，其实也是对于调节准备金账户和逆回购账户的自信。\n这么一来，有人就问了，说现在CiC增长率已经迅速降低到了10%以下，开始向过去10年的平均水平看齐，而且美联储也信誓旦旦地说能够应对通胀——\n那么，现在美国的通胀是不是就真的是暂时的，像2008年的QE之后一样？\n虽然说，这是另外一个问题，但老实说，我个人觉得，结果可能不是美联储所宣称的那样。因为现在以及未来的全球经济状况，与2008年之后完全不一样。在以往文章里，我也多次强调，这一轮的通胀，大概率会持续下去。\n想想看，2002年年中，CiC的年化增长率，只是在极短时期内超过了10%，但在此后5年多的时间里，美国的通胀率在一半时间里都超过了3%……\n2020年初迄今的疯狂印钞之后，这一次的全球通胀，其严重性大概率会超过20年前。毕竟，通胀这玩意儿，有太多的内部和外部因素影响，可不像美联储的账户一样，自己想怎么玩，就怎么玩。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"ESmain":0.9,"QID":0.9,"SSO":0.9,".SPX":0.9,"SPXU":0.9,"IVV":0.9,"OEX":0.9,".IXIC":0.9,"SQQQ":0.9,"SPY":0.9,"DOG":0.9,"QQQ":0.9,"SDS":0.9,"DDM":0.9,".DJI":0.9,"SH":0.9,"TQQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":4068,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810446854,"gmtCreate":1629997262778,"gmtModify":1676530197074,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810446854","repostId":"1135489091","repostType":4,"repost":{"id":"1135489091","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1629984612,"share":"https://ttm.financial/m/news/1135489091?lang=en_US&edition=fundamental","pubTime":"2021-08-26 21:30","market":"us","language":"zh","title":"Opening: The three major US stock indices opened largely flat, with YY Inc. rising over 12%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489091","media":"老虎资讯综合","summary":"8月26日，美股三大指数基本平开，道琼斯指数开盘上涨40.00点，涨幅0.11%，报35445.50点；标普500指数开盘下跌3.39点，跌幅0.08%，报4492.80点；纳斯达克综合指数开盘上涨2","content":"<p>On August 26, the three major U.S. stock indexes opened largely flat, with the Dow Jones Industrial Average rising 40.00 points, or 0.11%, to 35,445.50. The S&P 500 opened down 3.39 points, or 0.08%, at 4,492.80. The Nasdaq Composite Index opened up 22.1 points, or 0.15%, at 15,041.9.</p><p>Most popular Chinese concept stocks declined.<a href=\"https://laohu8.com/S/NTES\">NetEase</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It fell by more than 1%.</p><p><a href=\"https://laohu8.com/S/YY\">YY Era</a>The stock opened higher by more than 12%, following reports that YY Inc.'s chairman and Lei Jun plan to...<a href=\"https://laohu8.com/S/YY\">YY Inc.</a>Privatization could value the company at $8 billion.</p><p><a href=\"https://laohu8.com/S/YSG\">Yixian E-commerce</a>The stock fell by more than 14%, and the net loss in Q2 widened to 391 million yuan.</p><p><a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>The stock rose more than 8% after news broke that the company would acquire 100% equity of Henan Yujie Times Automobile.</p><p><a href=\"https://laohu8.com/S/RIDE\">Lordstown Motors</a>The stock surged 20% after the company appointed DANIEL NINIVAGGI as its new CEO.</p><p><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>It rose more than 8%, with Q2 revenue increasing by 104% year-on-year and a retention rate of 169%.</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>Opening: The three major US stock indices opened largely flat, with YY Inc. rising over 12%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: The three major US stock indices opened largely flat, with YY Inc. rising over 12%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-26 21:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 26, the three major U.S. stock indexes opened largely flat, with the Dow Jones Industrial Average rising 40.00 points, or 0.11%, to 35,445.50. The S&P 500 opened down 3.39 points, or 0.08%, at 4,492.80. The Nasdaq Composite Index opened up 22.1 points, or 0.15%, at 15,041.9.</p><p>Most popular Chinese concept stocks declined.<a href=\"https://laohu8.com/S/NTES\">NetEase</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It fell by more than 1%.</p><p><a href=\"https://laohu8.com/S/YY\">YY Era</a>The stock opened higher by more than 12%, following reports that YY Inc.'s chairman and Lei Jun plan to...<a href=\"https://laohu8.com/S/YY\">YY Inc.</a>Privatization could value the company at $8 billion.</p><p><a href=\"https://laohu8.com/S/YSG\">Yixian E-commerce</a>The stock fell by more than 14%, and the net loss in Q2 widened to 391 million yuan.</p><p><a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>The stock rose more than 8% after news broke that the company would acquire 100% equity of Henan Yujie Times Automobile.</p><p><a href=\"https://laohu8.com/S/RIDE\">Lordstown Motors</a>The stock surged 20% after the company appointed DANIEL NINIVAGGI as its new CEO.</p><p><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>It rose more than 8%, with Q2 revenue increasing by 104% year-on-year and a retention rate of 169%.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SSO":"2倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares","OEX":"标普100","IVV":"标普500ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","KXIN":"开心控股","NTES":"网易","QNETCN":"纳斯达克中美互联网老虎指数","OEF":"标普100指数ETF-iShares","BABA":"阿里巴巴","09988":"阿里巴巴-W",".DJI":"道琼斯","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite","PDD":"拼多多",".SPX":"S&P 500 Index","SPY":"标普500ETF","SNOW":"Snowflake","SDS":"两倍做空标普500 ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135489091","content_text":"8月26日，美股三大指数基本平开，道琼斯指数开盘上涨40.00点，涨幅0.11%，报35445.50点；标普500指数开盘下跌3.39点，跌幅0.08%，报4492.80点；纳斯达克综合指数开盘上涨22.1点，涨幅0.15%，报15041.9点。\n热门中概股多数走低，网易、阿里巴巴、拼多多跌超1%。\n欢聚时代开涨超12%，消息称欢聚董事长和雷军计划将欢聚集团私有化，估值或达80亿美元。\n逸仙电商跌超14%，Q2净亏损扩大至3.91亿元。\n开心汽车涨超8%，消息称公司将收购河南御捷时代汽车100%股权。\nLordstown Motors大涨20%，公司任命DANIEL NINIVAGGI为新的首席执行官。\nSnowflake涨超8%，Q2营收同比增长104%，留存率达169%。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"KXIN":0.9,"SH":0.9,"QNETCN":0.9,".DJI":0.9,"ESmain":0.9,"UPRO":0.9,"OEF":0.9,".IXIC":0.9,"SSO":0.9,"IVV":0.9,"SPXU":0.9,".SPX":0.9,"RIDE":0.9,"SDS":0.9,"BABA":0.9,"NTES":0.9,"SNOW":0.9,"SPY":0.9,"YY":0.9,"PDD":0.9,"09988":0.9,"OEX":0.9}},"isVote":1,"tweetType":1,"viewCount":4213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837158684,"gmtCreate":1629867117648,"gmtModify":1676530156855,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/837158684","repostId":"2162303853","repostType":4,"isVote":1,"tweetType":1,"viewCount":4552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817855704,"gmtCreate":1630934833808,"gmtModify":1676530423945,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817855704","repostId":"1169885756","repostType":4,"isVote":1,"tweetType":1,"viewCount":4286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817855219,"gmtCreate":1630934820531,"gmtModify":1676530423873,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817855219","repostId":"2165842643","repostType":4,"repost":{"id":"2165842643","kind":"news","pubTimestamp":1630923185,"share":"https://ttm.financial/m/news/2165842643?lang=en_US&edition=fundamental","pubTime":"2021-09-06 18:13","market":"hk","language":"zh","title":"ByteDance Vice President Li Liang once again criticized Tencent.","url":"https://stock-news.laohu8.com/highlight/detail?id=2165842643","media":"中关村新闻","summary":"在转载评论中，李亮言辞激烈的指出，腾讯利用其影响力介入公权力，影响甚大。","content":"<p>Author: Qingzhou</p><p>ByteDance Vice President Li Liang reprinted a People's Daily commentary titled \"Central Commission for Discipline Inspection Website: Capital Involvement is a Significant Factor in Teenagers' Addiction to Online Games; Related Companies Cannot Be Pursuing Profit Only,\" commenting: \"Previously...\"<a href=\"https://laohu8.com/S/00700\">Tencent</a>A report issued with an organization claiming that games are harmless has drawn criticism from a middle school teacher. Based on this critical article, Tencent prompted a local police department to file a case to criminally question this middle school teacher who opposed games poisoning students. The case remains unresolved.</p><p>In the reprinted comment, Li Liang pointed out strongly that Tencent's use of its influence to interfere in public power has had a significant impact. The following is the original text of ByteDance's Li Liang criticizing Tencent:</p><p><img src=\"https://static.tigerbbs.com/8ca01a854f01ee36d6f74cd8cac0264b\" tg-width=\"640\" tg-height=\"1385\" referrerpolicy=\"no-referrer\"></p>","source":"zol_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>ByteDance Vice President Li Liang once again criticized Tencent.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByteDance Vice President Li Liang once again criticized Tencent.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">中关村新闻</strong><span class=\"h-time small\">2021-09-06 18:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Qingzhou</p><p>ByteDance Vice President Li Liang reprinted a People's Daily commentary titled \"Central Commission for Discipline Inspection Website: Capital Involvement is a Significant Factor in Teenagers' Addiction to Online Games; Related Companies Cannot Be Pursuing Profit Only,\" commenting: \"Previously...\"<a href=\"https://laohu8.com/S/00700\">Tencent</a>A report issued with an organization claiming that games are harmless has drawn criticism from a middle school teacher. Based on this critical article, Tencent prompted a local police department to file a case to criminally question this middle school teacher who opposed games poisoning students. The case remains unresolved.</p><p>In the reprinted comment, Li Liang pointed out strongly that Tencent's use of its influence to interfere in public power has had a significant impact. The following is the original text of ByteDance's Li Liang criticizing Tencent:</p><p><img src=\"https://static.tigerbbs.com/8ca01a854f01ee36d6f74cd8cac0264b\" tg-width=\"640\" tg-height=\"1385\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://news.zol.com.cn/776/7760636.html\">中关村新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8bea8b224335f941f6bd882d8b14f1da","relate_stocks":{"TCEHY":"腾讯控股ADR","00700":"腾讯控股"},"source_url":"http://news.zol.com.cn/776/7760636.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2165842643","content_text":"作者：轻舟\n字节跳动副总裁李亮转载人民日报评论《中纪委网站：资本介入是青少年沉迷网游的重要因素，相关企业不能唯利是图》一文评论道：“此前腾讯与某机构出台报告称游戏无害，受某中学老师批评。就这一篇批评文章，腾讯就推动某地公安立案，刑询这位反对游戏毒害学生的中学老师，此案至今没有结论。”\n在转载评论中，李亮言辞激烈的指出，腾讯利用其影响力介入公权力，影响甚大。以下为字节跳动李亮炮轰腾讯原文：","news_type":1,"symbols_score_info":{"TCEHY":0.9,"00700":0.9}},"isVote":1,"tweetType":1,"viewCount":4880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837153640,"gmtCreate":1629866986780,"gmtModify":1676530156816,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/837153640","repostId":"2162387390","repostType":4,"repost":{"id":"2162387390","kind":"highlight","pubTimestamp":1629858360,"share":"https://ttm.financial/m/news/2162387390?lang=en_US&edition=fundamental","pubTime":"2021-08-25 10:26","market":"us","language":"zh","title":"After buying JD.com at rock-bottom prices, \"Sister Wood\" stated that she is not pessimistic about Chinese concept stocks.","url":"https://stock-news.laohu8.com/highlight/detail?id=2162387390","media":"华尔街见闻","summary":"几乎已经清仓中概股的ARK基金，本周开始出手抄底买入京东股票，该基金创始人“木头姐”最新表态称：对中国并不悲观。\nArk Investment创始人、有科技股女股神之称的Cathie Wood周二在接","content":"<p>ARK Fund, which has almost completely liquidated its holdings in Chinese concept stocks, began buying on dips this week.<a href=\"https://laohu8.com/S/JD\">JD.com</a>Regarding stocks, the fund's founder, \"Sister Wood,\" recently stated that he is not pessimistic about China.</p><p>Cathie Wood, founder of Ark Investment and known as the tech stock guru, said in an interview with Bloomberg on Tuesday:</p><p><b>“In the long run, I am not pessimistic about China because I think they are a very entrepreneurial society.”</b>Wood stated that the Chinese government is developing more regulations, but its goal is not to hinder growth and progress.</p><p>The latest data shows that ARK's automated &<a href=\"https://laohu8.com/S/300024\">Robot</a>The Technology ETF (ARKQ) bought more than 160,000 shares of JD.com ADRs on Monday.<b>This reversed the continuous sell-off trend since the end of July.</b></p><p><img src=\"https://static.tigerbbs.com/ba01ecec77377314f0598c9caadf2456\" tg-width=\"1118\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As of Tuesday, ARKQ held $86.17 million worth of JD.com stock, representing 3.22% of its holdings in the ETF, making it its ninth largest holding.</p><p><img src=\"https://static.tigerbbs.com/f3dccaf72955102a69b8a5080d87c3db\" tg-width=\"1107\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Since the beginning of the year, JD.com's stock has fallen by nearly 13%. JD.com's stock price rebounded strongly after releasing strong earnings reports on Monday, surging 14% overnight.<b>ARKQ also bought the dip after JD.com released its impressive financial report.</b></p><p><img src=\"https://static.tigerbbs.com/d796d9299aa03662c774ddd14756d6c0\" tg-width=\"688\" tg-height=\"388\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As previously mentioned by Wall Street Insights, financial reports showed that JD.com's revenue in the second quarter was 253.8 billion yuan, exceeding market expectations of 244.026 billion yuan, representing a year-on-year increase of 26.23%. Adjusted earnings per ADS for the second quarter were RMB 2.90, exceeding market expectations of RMB 2.12;</p><p>In terms of active users, as of June 30, 2021, JD.com's active purchasing users reached 532 million in the past 12 months, exceeding the market expectation of 520.9 million, a net increase of 115 million compared with the same period last year, and a single-quarter increase of 32 million, setting a new record.</p><p>It has been a tumultuous year for Wood and Ark. In 2020, riding the wave of a bull market in US tech stocks, ARKK's flagship fund achieved an astonishing return of 149%.</p><p><b>However, since the beginning of 2021, with the correction of technology stocks, ARKK's performance has been sluggish, with a cumulative decline of 2.9% since the beginning of the year. It was once subject to large-scale redemptions by investors and was eagerly shorted by hedge funds.</b></p><p><img src=\"https://static.tigerbbs.com/10a0e581ee3758d2aa1dfdc00b1114d3\" tg-width=\"720\" tg-height=\"412\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After buying JD.com at rock-bottom prices, \"Sister Wood\" stated that she is not pessimistic about Chinese concept stocks.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter buying JD.com at rock-bottom prices, \"Sister Wood\" stated that she is not pessimistic about Chinese concept stocks.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-25 10:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>ARK Fund, which has almost completely liquidated its holdings in Chinese concept stocks, began buying on dips this week.<a href=\"https://laohu8.com/S/JD\">JD.com</a>Regarding stocks, the fund's founder, \"Sister Wood,\" recently stated that he is not pessimistic about China.</p><p>Cathie Wood, founder of Ark Investment and known as the tech stock guru, said in an interview with Bloomberg on Tuesday:</p><p><b>“In the long run, I am not pessimistic about China because I think they are a very entrepreneurial society.”</b>Wood stated that the Chinese government is developing more regulations, but its goal is not to hinder growth and progress.</p><p>The latest data shows that ARK's automated &<a href=\"https://laohu8.com/S/300024\">Robot</a>The Technology ETF (ARKQ) bought more than 160,000 shares of JD.com ADRs on Monday.<b>This reversed the continuous sell-off trend since the end of July.</b></p><p><img src=\"https://static.tigerbbs.com/ba01ecec77377314f0598c9caadf2456\" tg-width=\"1118\" tg-height=\"480\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As of Tuesday, ARKQ held $86.17 million worth of JD.com stock, representing 3.22% of its holdings in the ETF, making it its ninth largest holding.</p><p><img src=\"https://static.tigerbbs.com/f3dccaf72955102a69b8a5080d87c3db\" tg-width=\"1107\" tg-height=\"437\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Since the beginning of the year, JD.com's stock has fallen by nearly 13%. JD.com's stock price rebounded strongly after releasing strong earnings reports on Monday, surging 14% overnight.<b>ARKQ also bought the dip after JD.com released its impressive financial report.</b></p><p><img src=\"https://static.tigerbbs.com/d796d9299aa03662c774ddd14756d6c0\" tg-width=\"688\" tg-height=\"388\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>As previously mentioned by Wall Street Insights, financial reports showed that JD.com's revenue in the second quarter was 253.8 billion yuan, exceeding market expectations of 244.026 billion yuan, representing a year-on-year increase of 26.23%. Adjusted earnings per ADS for the second quarter were RMB 2.90, exceeding market expectations of RMB 2.12;</p><p>In terms of active users, as of June 30, 2021, JD.com's active purchasing users reached 532 million in the past 12 months, exceeding the market expectation of 520.9 million, a net increase of 115 million compared with the same period last year, and a single-quarter increase of 32 million, setting a new record.</p><p>It has been a tumultuous year for Wood and Ark. In 2020, riding the wave of a bull market in US tech stocks, ARKK's flagship fund achieved an astonishing return of 149%.</p><p><b>However, since the beginning of 2021, with the correction of technology stocks, ARKK's performance has been sluggish, with a cumulative decline of 2.9% since the beginning of the year. It was once subject to large-scale redemptions by investors and was eagerly shorted by hedge funds.</b></p><p><img src=\"https://static.tigerbbs.com/10a0e581ee3758d2aa1dfdc00b1114d3\" tg-width=\"720\" tg-height=\"412\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3638794\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c318bcd91a109139b7d70c76c30bb154","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","JD":"京东","09618":"京东集团-SW"},"source_url":"https://wallstreetcn.com/articles/3638794","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162387390","content_text":"几乎已经清仓中概股的ARK基金，本周开始出手抄底买入京东股票，该基金创始人“木头姐”最新表态称：对中国并不悲观。\nArk Investment创始人、有科技股女股神之称的Cathie Wood周二在接受彭博采访中表示：\n\n“从长远来看，我对中国并不悲观，因为我认为他们是一个非常具有创业精神的社会。”\n\nWood称，中国政府正在制定更多的规章制度，但政府的目的并不想阻止增长和进步。\n最新披露的数据显示，ARK旗下的自动&机器人技术ETF (ARKQ)于周一买入了超过16万股的京东ADR，扭转了7月底以来连续抛售的态势。\n\n截至周二，ARKQ持有8617万美元的京东股票，在该ETF中的持仓占比为3.22%，为其第九大持仓。\n\n年初至今，京东股票累计下跌了近13%。在周一公布了强劲财报后，京东股价强势反弹，隔夜大涨14%。ARKQ也是在京东公布亮眼财报后进行了抄底。\n\n华尔街见闻此前提及，财报数据显示，京东第二季度营收2538亿元，超市场预期2440.26亿元，同比增长26.23%；第二季度调整后每ADS收益2.90元，超市场预期的2.12元；\n在活跃用户方面， 截至2021年6月30日，京东过去12个月的活跃购买用户数达到5.32亿，超市场预估的5.209亿，较去年同期净增了1.15亿，单季新增3200万创下历史最高增量。\n对Wood和Ark来说，过去是跌宕起伏的一年。2020年在美国科技股大牛市的东风下，方舟旗舰基金ARKK取得了149%的惊人回报。\n但进入2021年来，随着科技股回调，ARKK表现萎靡，今年以来累计下跌2.9%，一度遭遇投资者大举赎回，并被对冲基金争相做空。","news_type":1,"symbols_score_info":{"JD":0.9,"09618":0.9,"ARKF":0.9}},"isVote":1,"tweetType":1,"viewCount":1461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881415864,"gmtCreate":1631375662458,"gmtModify":1676530538205,"author":{"id":"4090298622870650","authorId":"4090298622870650","name":"寻音望月","avatar":"https://static.tigerbbs.com/a8c06eeacb125eabd3a4586bbedd65c9","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090298622870650","idStr":"4090298622870650"},"themes":[],"title":"","htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881415864","repostId":"2166370356","repostType":2,"repost":{"id":"2166370356","kind":"news","pubTimestamp":1631369550,"share":"https://ttm.financial/m/news/2166370356?lang=en_US&edition=fundamental","pubTime":"2021-09-11 22:12","market":"us","language":"zh","title":"Apple has abandoned plans to launch a low-priced Apple TV stick.","url":"https://stock-news.laohu8.com/highlight/detail?id=2166370356","media":"威锋网","summary":"据The Information报道，苹果已经放弃了低价Apple TV电视棒的计划，并将在明年大幅加快和扩大Apple TV+上新内容的输出。据熟悉苹果计划的消息人士在接受The Information采访时，透露了该公司围绕Apple TV+的许多内部讨论和态度。据称，苹果将Apple TV+视为一项独立的业务，而不是鼓励用户购买苹果生态系统的机制。2018年有报道称，苹果正在研发一款低成本的电视棒设备，作为Apple TV更便宜的替代品。","content":"<p><html><body><article>According to The Information,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It has abandoned plans for a low-priced Apple TV stick and will significantly accelerate and expand the output of new content on Apple TV+ next year.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/13969021270/0\"/>According to sources familiar with Apple's plans, in an interview with The Information, The company revealed many internal discussions and attitudes surrounding Apple TV+. Apple reportedly views Apple TV+ as a separate business, rather than a mechanism to encourage users to purchase the Apple ecosystem.</p><p>In 2018, it was reported that Apple was developing a low-cost TV stick device as a cheaper alternative to the Apple TV. The project was driven by Tim Twerdahl, Apple's head of video and audio marketing, based on his work on Netflix and...<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Experience overseeing similar projects suggests that low-cost TV devices will make it easier for users to get started with Apple TV+.</p><p>According to reports, Greg Joswiak and Phil Schiller rejected Twerdahl, insisting that Apple should not start producing cheap, low-margin devices because it could damage the reputation of its high-end products, meaning that Twerdahl's low-priced TV equipment project was abandoned.</p><p></article></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple has abandoned plans to launch a low-priced Apple TV stick.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple has abandoned plans to launch a low-priced Apple TV stick.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">威锋网</strong><span class=\"h-time small\">2021-09-11 22:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article>According to The Information,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It has abandoned plans for a low-priced Apple TV stick and will significantly accelerate and expand the output of new content on Apple TV+ next year.</p><p><img src=\"http://inews.gtimg.com/newsapp_match/0/13969021270/0\"/>According to sources familiar with Apple's plans, in an interview with The Information, The company revealed many internal discussions and attitudes surrounding Apple TV+. Apple reportedly views Apple TV+ as a separate business, rather than a mechanism to encourage users to purchase the Apple ecosystem.</p><p>In 2018, it was reported that Apple was developing a low-cost TV stick device as a cheaper alternative to the Apple TV. The project was driven by Tim Twerdahl, Apple's head of video and audio marketing, based on his work on Netflix and...<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Experience overseeing similar projects suggests that low-cost TV devices will make it easier for users to get started with Apple TV+.</p><p>According to reports, Greg Joswiak and Phil Schiller rejected Twerdahl, insisting that Apple should not start producing cheap, low-margin devices because it could damage the reputation of its high-end products, meaning that Twerdahl's low-priced TV equipment project was abandoned.</p><p></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021091122133079ef4164&s=b\">威锋网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c0c4c03a5eea688b1e8fa7410c021db6","relate_stocks":{"AAPL":"苹果"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021091122133079ef4164&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2166370356","content_text":"据The Information报道，苹果已经放弃了低价Apple TV电视棒的计划，并将在明年大幅加快和扩大Apple TV+上新内容的输出。据熟悉苹果计划的消息人士在接受The Information采访时，透露了该公司围绕‌Apple TV+‌的许多内部讨论和态度。据称，苹果将Apple TV+‌视为一项独立的业务，而不是鼓励用户购买苹果生态系统的机制。2018年有报道称，苹果正在研发一款低成本的电视棒设备，作为Apple TV更便宜的替代品。该项目是由苹果视频和音频营销主管Tim Twerdahl推动的，他根据自己在Netflix和亚马逊监督类似项目的经验，认为低成本电视设备会让用户更容易入门‌Apple TV+‌。据报道，Greg Joswiak和Phil Schiller否决了Twerdahl，坚称苹果不应该开始生产廉价、低利润率的设备，因为这可能会损害其高端产品的声誉，这意味着Twerdahl的低价电视设备项目被放弃了。","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":3694,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}