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Bubuso

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- BubusoBubuso
  ·2021-06-23
  Wow
  Cathie Wood Has Invested Over $1 Billion Into This Crypto Stock. Should You Follow Her Lead?
  Down 35% from its high, Coinbase is beginning to look like it's worth the risk.
  Cathie Wood Has Invested Over $1 Billion Into This Crypto Stock. Should You Follow Her Lead?
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- BubusoBubuso
  ·2021-06-23
  Ok
  U.S. Existing Home Sales Fell for a Fourth Straight Month in May
  Sales of previously owned homes declined 0.9% from prior month Selling price rises to fresh record,
  U.S. Existing Home Sales Fell for a Fourth Straight Month in May
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- BubusoBubuso
  ·2021-06-23
  Nice
  MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens
  Bitcoin sinks below $30,000 for the first time in five months. MicroStrategy falls as much as 12%, t
  MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens
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- BubusoBubuso
  ·2021-06-23
  Nice
  Tencent-backed Missfresh eyes $3.8 billion valuation in U.S. IPO
  (Reuters) - Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 millio
  Tencent-backed Missfresh eyes $3.8 billion valuation in U.S. IPO
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Should You Follow Her Lead?","url":"https://stock-news.laohu8.com/highlight/detail?id=2145809052","media":"Motley Fool","summary":"Down 35% from its high, Coinbase is beginning to look like it's worth the risk.","content":"<blockquote>\n <b>Down 35% from its high, Coinbase is beginning to look like it's worth the risk.</b>\n</blockquote>\n<p>Love her or hate her, when Cathie Wood (the CEO of ARK Invest) speaks, the investing community listens. Ark manages six actively traded exchange-traded funds (ETFs), and each <a href=\"https://laohu8.com/S/AONE\">one</a> is centered around long-term growth and paradigm-shifting technology.</p>\n<p>Aside from electric vehicles, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of Wood's most outspoken ideas is<b>Bitcoin</b>(CRYPTO:BTC). And so it's no surprise that the investment management firm's various funds owns shares of one of the largest cryptocurrency exchanges in the world,<b>Coinbase Global</b>&nbsp;(NASDAQ:COIN). What is surprising, however, is the sheer number of shares that these funds have acquired in the two months since the company's direct listing. Let's take a look at the ARK's Coinbase stock accumulation -- as well as the company's strengths and weaknesses -- to determine if Coinbase is a stock worth buying now.</p>\n<p><img src=\"https://static.tigerbbs.com/12736a24e129e2a5c6c519f69338002a\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p>ARK's Coinbase stock accumulation</p>\n<p>As of June 16, ARK's funds cumulatively own a staggering 4.63 million shares of Coinbase, valued at nearly $1.04 billion at the time of this writing.&nbsp;For context, that's nearly 2% of Coinbase's fully diluted capitalization of 261.3 million shares, which includes common stock, options, and restricted stock. This makes Ark one of the largest institutional owners of Coinbase.</p>\n<p>After a sizable purchase during the first week of Coinbase's direct listing, the<b><a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a></b> (NYSEMKT:ARKK),<b><a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a></b> (NYSEMKT:ARKW), and<b>ARKFintech Innovation ETF</b> (NYSEMKT:ARKF) have been gradually adding shares. The following chart shows the combined daily buys and sells of these three ETFs.</p>\n<p><img src=\"https://static.tigerbbs.com/44931217bfae1411fe7e6d4520cc9d10\" tg-width=\"700\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Data source: ARK Invest, ARK ETF Track. Chart by author.</p>\n<p>As you can see in the chart, ARK acquired most of its position in April and May. That's a good sign for investors considering the stock at its current price, which is much cheaper than what Ark has been paying. Coinbase is now one of the largest holdings in the ARK suite of funds. Notably, it's now a top-10 holding in ARK's flagship Innovation fund.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Metric</p></th>\n   <th><p>ARK Innovation (ARKK)</p></th>\n   <th><p>ARK Nextgen Internet (ARKW)</p></th>\n   <th><p>ARK Fintech (ARKF)</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td><p>Shares held</p></td>\n   <td><p>3,309,612</p></td>\n   <td><p>844,630</p></td>\n   <td><p>463,517</p></td>\n  </tr>\n  <tr>\n   <td><p>Position rank</p></td>\n   <td><p>9/51</p></td>\n   <td><p>10/48</p></td>\n   <td><p>12/44</p></td>\n  </tr>\n  <tr>\n   <td><p>% of fund</p></td>\n   <td><p>3.5%</p></td>\n   <td><p>3.5%</p></td>\n   <td><p>2.9%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Ark Invest.</p>\n<p>A thriving business</p>\n<p>Coinbase is the No. 1 cryptocurrency custodian and exchange available in the U.S.&nbsp; Last year's first quarter (Q1) witnessed 34 million verified users and proceeded to earn $1.28 billion in revenue and $322 million in net income for the whole of 2020. But that was nothing compared to its blowout Q1 this year. Coinbase finished the quarter with 56 million verified users, produced $1.8 billion in revenue, and generated $771 million in net income for a profit margin of 43% compared to 25% for the full year 2020. Coinbase clearly benefited from a surge in cryptocurrency trading and valuations as the cumulative market cap of all tokens went from less than $800 billion at the end of 2020 to over $2 trillion by the end of Q1 2021.</p>\n<p>Coinbase charges a minimum trading fee of 1.49% per transaction. While it's true that it makes money from both the buying and selling of securities, it's generally going to make more money when cryptocurrency prices are going up. Higher valuations mean increased assets under management, trading volumes, and potentially more users entering its platform to try and get in on the action.</p>\n<p>Aside from cryptocurrency prices, Coinbase is also benefiting from increased institutional adoption of Bitcoin. Cathie Wood's Bitcoin optimism is centered around the notion that the more regular companies (not just banks and fintech platforms) that hold Bitcoin on their balance sheets, the more its value and reputation can grow. It may surprise you to learn that Coinbase's institutional trading volumes were about 80% higher than retail trading volumes in Q1.&nbsp;A lot of that came from Bitcoin and<b>Ethereum</b>(CRYPTO:ETH), which comprise over 75% of the assets held on the Coinbase platform. Put another way, the cryptocurrency market is now sophisticated and dominated by big players -- a far cry from its fringe roots.</p>\n<p>In sum, Coinbase is one of those rare companies that pairs profitability with some serious growth potential. Management is optimistic that the growth can continue into the second quarter while acknowledging the cyclicality of the cryptocurrency market and the positive and negative effects this dynamic will have on Coinbase's performance.</p>\n<p>Increased competition</p>\n<p>That leads us to Coinbase's weaknesses, the first being cryptocurrency volatility. Cryptocurrency may be more mainstream than it used to be, but it's just as volatile as ever. The worst of the May cryptocurrency crash knocked Bitcoin and Ethereum down over 50% in just a matter of days. Volatility has rendered Bitcoin ineffective as a currency. Prolonged downturns in asset values and investor sentiment could lead to difficult comps or even negative growth for Coinbase over the short to medium term.</p>\n<p>It's probably best to steer clear of Coinbase if you don't believe in the future of cryptocurrency. But even after that baseline is met, there's still the threat of increased competition. Many of Coinbase's competitors offer higher interest rates and lower (or free) trading fees than Coinbase. As cryptocurrency adoption grows, Coinbase is likely to face even fiercer competition -- which could pressure profit margins and stagnate or shrink Coinbase's user count. However, Coinbase has never been hacked and has invested heavily in security and its user-friendly interface, and it has a reputation for offering high liquidity (which institutional investors love).</p>\n<p>The bottom line</p>\n<p>Cathie Wood and her team have been gobbling up Coinbase shares because they believe in the future of Bitcoin as both an asset class and a store of value. Given Coinbase's Q1 performance and Q2 projections, the company's 2021 numbers are poised to look excellent, which will make its valuation ratios look stellar. The big question is whether or not it can sustain its impressive pace.</p>\n<p>For investors new to the space, it's probably best to spend some time learning about the different types of cryptocurrency before diving headfirst into cryptocurrency-related investments. But for investors who already own Bitcoin or Ethereum, or are simply looking to start a position in equities rather than tokens, Coinbase seems to be one of the best cryptocurrency stocks out there.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Has Invested Over $1 Billion Into This Crypto Stock. Should You Follow Her Lead?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Has Invested Over $1 Billion Into This Crypto Stock. Should You Follow Her Lead?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 22:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/22/cathie-wood-has-invested-over-1-billion-into-this/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Down 35% from its high, Coinbase is beginning to look like it's worth the risk.\n\nLove her or hate her, when Cathie Wood (the CEO of ARK Invest) speaks, the investing community listens. Ark manages six...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/22/cathie-wood-has-invested-over-1-billion-into-this/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.fool.com/investing/2021/06/22/cathie-wood-has-invested-over-1-billion-into-this/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145809052","content_text":"Down 35% from its high, Coinbase is beginning to look like it's worth the risk.\n\nLove her or hate her, when Cathie Wood (the CEO of ARK Invest) speaks, the investing community listens. Ark manages six actively traded exchange-traded funds (ETFs), and each one is centered around long-term growth and paradigm-shifting technology.\nAside from electric vehicles, one of Wood's most outspoken ideas isBitcoin(CRYPTO:BTC). And so it's no surprise that the investment management firm's various funds owns shares of one of the largest cryptocurrency exchanges in the world,Coinbase Global (NASDAQ:COIN). What is surprising, however, is the sheer number of shares that these funds have acquired in the two months since the company's direct listing. Let's take a look at the ARK's Coinbase stock accumulation -- as well as the company's strengths and weaknesses -- to determine if Coinbase is a stock worth buying now.\n\nImage source: Getty Images.\nARK's Coinbase stock accumulation\nAs of June 16, ARK's funds cumulatively own a staggering 4.63 million shares of Coinbase, valued at nearly $1.04 billion at the time of this writing. For context, that's nearly 2% of Coinbase's fully diluted capitalization of 261.3 million shares, which includes common stock, options, and restricted stock. This makes Ark one of the largest institutional owners of Coinbase.\nAfter a sizable purchase during the first week of Coinbase's direct listing, theARK Innovation ETF (NYSEMKT:ARKK),ARK Next Generation Internet ETF (NYSEMKT:ARKW), andARKFintech Innovation ETF (NYSEMKT:ARKF) have been gradually adding shares. The following chart shows the combined daily buys and sells of these three ETFs.\n\nData source: ARK Invest, ARK ETF Track. Chart by author.\nAs you can see in the chart, ARK acquired most of its position in April and May. That's a good sign for investors considering the stock at its current price, which is much cheaper than what Ark has been paying. Coinbase is now one of the largest holdings in the ARK suite of funds. Notably, it's now a top-10 holding in ARK's flagship Innovation fund.\n\n\n\nMetric\nARK Innovation (ARKK)\nARK Nextgen Internet (ARKW)\nARK Fintech (ARKF)\n\n\n\n\nShares held\n3,309,612\n844,630\n463,517\n\n\nPosition rank\n9/51\n10/48\n12/44\n\n\n% of fund\n3.5%\n3.5%\n2.9%\n\n\n\nData source: Ark Invest.\nA thriving business\nCoinbase is the No. 1 cryptocurrency custodian and exchange available in the U.S.  Last year's first quarter (Q1) witnessed 34 million verified users and proceeded to earn $1.28 billion in revenue and $322 million in net income for the whole of 2020. But that was nothing compared to its blowout Q1 this year. Coinbase finished the quarter with 56 million verified users, produced $1.8 billion in revenue, and generated $771 million in net income for a profit margin of 43% compared to 25% for the full year 2020. Coinbase clearly benefited from a surge in cryptocurrency trading and valuations as the cumulative market cap of all tokens went from less than $800 billion at the end of 2020 to over $2 trillion by the end of Q1 2021.\nCoinbase charges a minimum trading fee of 1.49% per transaction. While it's true that it makes money from both the buying and selling of securities, it's generally going to make more money when cryptocurrency prices are going up. Higher valuations mean increased assets under management, trading volumes, and potentially more users entering its platform to try and get in on the action.\nAside from cryptocurrency prices, Coinbase is also benefiting from increased institutional adoption of Bitcoin. Cathie Wood's Bitcoin optimism is centered around the notion that the more regular companies (not just banks and fintech platforms) that hold Bitcoin on their balance sheets, the more its value and reputation can grow. It may surprise you to learn that Coinbase's institutional trading volumes were about 80% higher than retail trading volumes in Q1. A lot of that came from Bitcoin andEthereum(CRYPTO:ETH), which comprise over 75% of the assets held on the Coinbase platform. Put another way, the cryptocurrency market is now sophisticated and dominated by big players -- a far cry from its fringe roots.\nIn sum, Coinbase is one of those rare companies that pairs profitability with some serious growth potential. Management is optimistic that the growth can continue into the second quarter while acknowledging the cyclicality of the cryptocurrency market and the positive and negative effects this dynamic will have on Coinbase's performance.\nIncreased competition\nThat leads us to Coinbase's weaknesses, the first being cryptocurrency volatility. Cryptocurrency may be more mainstream than it used to be, but it's just as volatile as ever. The worst of the May cryptocurrency crash knocked Bitcoin and Ethereum down over 50% in just a matter of days. Volatility has rendered Bitcoin ineffective as a currency. Prolonged downturns in asset values and investor sentiment could lead to difficult comps or even negative growth for Coinbase over the short to medium term.\nIt's probably best to steer clear of Coinbase if you don't believe in the future of cryptocurrency. But even after that baseline is met, there's still the threat of increased competition. Many of Coinbase's competitors offer higher interest rates and lower (or free) trading fees than Coinbase. As cryptocurrency adoption grows, Coinbase is likely to face even fiercer competition -- which could pressure profit margins and stagnate or shrink Coinbase's user count. However, Coinbase has never been hacked and has invested heavily in security and its user-friendly interface, and it has a reputation for offering high liquidity (which institutional investors love).\nThe bottom line\nCathie Wood and her team have been gobbling up Coinbase shares because they believe in the future of Bitcoin as both an asset class and a store of value. Given Coinbase's Q1 performance and Q2 projections, the company's 2021 numbers are poised to look excellent, which will make its valuation ratios look stellar. The big question is whether or not it can sustain its impressive pace.\nFor investors new to the space, it's probably best to spend some time learning about the different types of cryptocurrency before diving headfirst into cryptocurrency-related investments. But for investors who already own Bitcoin or Ethereum, or are simply looking to start a position in equities rather than tokens, Coinbase seems to be one of the best cryptocurrency stocks out there.","news_type":1},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129578391,"gmtCreate":1624379132013,"gmtModify":1703835089879,"author":{"id":"3565212330644264","authorId":"3565212330644264","name":"Bubuso","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565212330644264","authorIdStr":"3565212330644264"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129578391","repostId":"1148687043","repostType":4,"repost":{"id":"1148687043","pubTimestamp":1624372571,"share":"https://ttm.financial/m/news/1148687043?lang=&edition=fundamental","pubTime":"2021-06-22 22:36","market":"us","language":"en","title":"U.S. Existing Home Sales Fell for a Fourth Straight Month in May","url":"https://stock-news.laohu8.com/highlight/detail?id=1148687043","media":"Bloomberg","summary":"Sales of previously owned homes declined 0.9% from prior month\nSelling price rises to fresh record, ","content":"<ul>\n <li>Sales of previously owned homes declined 0.9% from prior month</li>\n <li>Selling price rises to fresh record, squeezing affordability</li>\n</ul>\n<p>Sales of previously owned U.S. homes fell for a fourth straight month in May as higher home prices and lean inventories weighed on home buying.</p>\n<p>Contract closings decreased 0.9% from the prior month to an annualized 5.8 million, according to data out Tuesday from the National Association of Realtors. The median forecast in a Bloomberg survey of economists called for a 5.73 million rate in May.</p>\n<p>Existing home sales continue to cool frommulti-year highs as rising prices increasingly offset low borrowing costs. Robust demand paired with a limited supply of available homes have pushed selling prices skyward, keeping some buyers out of the market.</p>\n<p><img src=\"https://static.tigerbbs.com/24ec325fcfa1539e4336ee13be92f662\" tg-width=\"558\" tg-height=\"313\"></p>\n<p>Home prices will likely remain elevated for some time as builders struggle to replace the deficit in existing homes with new builds. They cite high materials prices, supply shortages and a limited number of skilled workers as ongoing challenges. The median selling price rose 23.6% from a year ago to a record $350,300 in May.</p>\n<p>“Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” Lawrence Yun, NAR’s chief economist, said in a statement.</p>\n<p>There were 1.23 million homes for sale last month, up 7% from the prior month, though well-below levels of a year ago. At the current pace, it would take 2.5 months to sell all the homes on the market. Realtors see anything below five months of supply as a sign of a tight market.</p>\n<p>On average, properties remained on the market for a 17 days in May, matching an all-time low. Eighty-ninepercentof the homes sold last month were on the market for less than a month, the NAR said.</p>\n<p>“If prices were to decline, there’s an army of potential homebuyers seeing it as a second-chance opportunity,” Yun said on a call with reporters.</p>\n<p><b>Digging Deeper</b></p>\n<ul>\n <li>Sales of previously owned single-family homes declined 1% in May to a 5.08 million pace</li>\n <li>Existing condominium and co-op sales were unchanged from the prior month</li>\n <li>Three of four regions in the U.S. posted sales declines last month, while sales rose in the Midwest</li>\n <li>Existing-home sales account for about 90% of U.S. housing and are calculated when a contract closes. New-home sales, which make up the remainder, are based on contract signings and will be released Wednesday</li>\n</ul>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Existing Home Sales Fell for a Fourth Straight Month in May</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Existing Home Sales Fell for a Fourth Straight Month in May\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 22:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-22/u-s-existing-home-sales-fell-for-a-fourth-straight-month-in-may?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sales of previously owned homes declined 0.9% from prior month\nSelling price rises to fresh record, squeezing affordability\n\nSales of previously owned U.S. homes fell for a fourth straight month in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-22/u-s-existing-home-sales-fell-for-a-fourth-straight-month-in-may?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-22/u-s-existing-home-sales-fell-for-a-fourth-straight-month-in-may?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148687043","content_text":"Sales of previously owned homes declined 0.9% from prior month\nSelling price rises to fresh record, squeezing affordability\n\nSales of previously owned U.S. homes fell for a fourth straight month in May as higher home prices and lean inventories weighed on home buying.\nContract closings decreased 0.9% from the prior month to an annualized 5.8 million, according to data out Tuesday from the National Association of Realtors. The median forecast in a Bloomberg survey of economists called for a 5.73 million rate in May.\nExisting home sales continue to cool frommulti-year highs as rising prices increasingly offset low borrowing costs. Robust demand paired with a limited supply of available homes have pushed selling prices skyward, keeping some buyers out of the market.\n\nHome prices will likely remain elevated for some time as builders struggle to replace the deficit in existing homes with new builds. They cite high materials prices, supply shortages and a limited number of skilled workers as ongoing challenges. The median selling price rose 23.6% from a year ago to a record $350,300 in May.\n“Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” Lawrence Yun, NAR’s chief economist, said in a statement.\nThere were 1.23 million homes for sale last month, up 7% from the prior month, though well-below levels of a year ago. At the current pace, it would take 2.5 months to sell all the homes on the market. Realtors see anything below five months of supply as a sign of a tight market.\nOn average, properties remained on the market for a 17 days in May, matching an all-time low. Eighty-ninepercentof the homes sold last month were on the market for less than a month, the NAR said.\n“If prices were to decline, there’s an army of potential homebuyers seeing it as a second-chance opportunity,” Yun said on a call with reporters.\nDigging Deeper\n\nSales of previously owned single-family homes declined 1% in May to a 5.08 million pace\nExisting condominium and co-op sales were unchanged from the prior month\nThree of four regions in the U.S. posted sales declines last month, while sales rose in the Midwest\nExisting-home sales account for about 90% of U.S. housing and are calculated when a contract closes. New-home sales, which make up the remainder, are based on contract signings and will be released Wednesday","news_type":1},"isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129571808,"gmtCreate":1624379118004,"gmtModify":1703835088911,"author":{"id":"3565212330644264","authorId":"3565212330644264","name":"Bubuso","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565212330644264","authorIdStr":"3565212330644264"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129571808","repostId":"1190428306","repostType":4,"repost":{"id":"1190428306","pubTimestamp":1624376180,"share":"https://ttm.financial/m/news/1190428306?lang=&edition=fundamental","pubTime":"2021-06-22 23:36","market":"us","language":"en","title":"MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens","url":"https://stock-news.laohu8.com/highlight/detail?id=1190428306","media":"Bloomberg","summary":"Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, t","content":"<ul>\n <li>Bitcoin sinks below $30,000 for the first time in five months.</li>\n <li>MicroStrategy falls as much as 12%, the most since May.</li>\n</ul>\n<p>MicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as Bitcoin tumbled below the $30,000key levelfor the first time in five months.</p>\n<p>The enterprise software company fell as much as 12%, its steepest decline since May 19, leading a selloff in the shares of other crypto-linked firms as Bitcoinplunged, wiping out its entire gain for this year. The company’s shares are down more than 50% from since early February when it reached a 20-year high.</p>\n<p>MicroStrategy plummeted for a second session after revealing it bought $489 million of the virtual currency on Monday. The coin’s plunging value may trigger awritedownfor the tech company, which has become one of the strongest corporate advocates for Bitcoin.</p>\n<p>The company’s $500 million of junk-rated bonds issued earlier this monthdroppedto a new low of 97.75 cents on the dollar on Tuesday, according to Trace bond pricing data. Holders of those bonds have a claim on substantially all of the company’s business assets, in addition to the recently purchased Bitcoin.</p>\n<p>With Bitcoin dropping below $30,000 stocks with ties to the virtual currency industry were also getting pounded.</p>\n<p>Ebang International Holdings Inc. and Marathon Digital Holdings Inc. each fell about 11%. Other crypto-tied names like Galaxy Digital Holdings Ltd., DMG Blockchain Solutions Inc., Riot Blockchain Inc. and Diginex Ltd. also slumped. In Europe, Argo Blockchain Plc dropped 11%.</p>\n<p><img src=\"https://static.tigerbbs.com/be8d5a0859fc0983030b6509fd440adb\" tg-width=\"558\" tg-height=\"313\">Elon Musk’stweets about energy consumptionin crypto mining last week have also whipsawed the market and the cryptocurrency has slid for the past three days over regulatory worries and a China clampdown.</p>\n<p>“Not that long ago, China banned all cryptocurrency transactions, but now they’re cracking down and enforcing the crackdown. This a big deal,” Louis Navellier, a strategist for Navellier &amp; Associates wrote in a note to clients. “However, when one asset class suffers, money just goes elsewhere and obviously, the stock market’s doing very well right now.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, the most since May.\n\nMicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy Incorporated"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190428306","content_text":"Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, the most since May.\n\nMicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as Bitcoin tumbled below the $30,000key levelfor the first time in five months.\nThe enterprise software company fell as much as 12%, its steepest decline since May 19, leading a selloff in the shares of other crypto-linked firms as Bitcoinplunged, wiping out its entire gain for this year. The company’s shares are down more than 50% from since early February when it reached a 20-year high.\nMicroStrategy plummeted for a second session after revealing it bought $489 million of the virtual currency on Monday. The coin’s plunging value may trigger awritedownfor the tech company, which has become one of the strongest corporate advocates for Bitcoin.\nThe company’s $500 million of junk-rated bonds issued earlier this monthdroppedto a new low of 97.75 cents on the dollar on Tuesday, according to Trace bond pricing data. Holders of those bonds have a claim on substantially all of the company’s business assets, in addition to the recently purchased Bitcoin.\nWith Bitcoin dropping below $30,000 stocks with ties to the virtual currency industry were also getting pounded.\nEbang International Holdings Inc. and Marathon Digital Holdings Inc. each fell about 11%. Other crypto-tied names like Galaxy Digital Holdings Ltd., DMG Blockchain Solutions Inc., Riot Blockchain Inc. and Diginex Ltd. also slumped. In Europe, Argo Blockchain Plc dropped 11%.\nElon Musk’stweets about energy consumptionin crypto mining last week have also whipsawed the market and the cryptocurrency has slid for the past three days over regulatory worries and a China clampdown.\n“Not that long ago, China banned all cryptocurrency transactions, but now they’re cracking down and enforcing the crackdown. This a big deal,” Louis Navellier, a strategist for Navellier & Associates wrote in a note to clients. “However, when one asset class suffers, money just goes elsewhere and obviously, the stock market’s doing very well right now.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129571951,"gmtCreate":1624379106573,"gmtModify":1703835088426,"author":{"id":"3565212330644264","authorId":"3565212330644264","name":"Bubuso","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565212330644264","authorIdStr":"3565212330644264"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129571951","repostId":"1169498109","repostType":4,"repost":{"id":"1169498109","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624376440,"share":"https://ttm.financial/m/news/1169498109?lang=&edition=fundamental","pubTime":"2021-06-22 23:40","market":"us","language":"en","title":"Tencent-backed Missfresh eyes $3.8 billion valuation in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1169498109","media":"Reuters","summary":"(Reuters) - Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 millio","content":"<p>(Reuters) - Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 million from its U.S. initial public offering, which is expected to value the company at up to $3.8 billion at the top end of the range.</p>\n<p>Missfresh, which is backed by an affiliate of Chinese gaming and social media giant Tencent Holdings Ltd, is offering 21 million American Depositary Shares (ADSs) at a price range of between $13 and $16 each.</p>\n<p>Founded in 2014, Missfresh is a mobile e-commerce platform that offers delivery services of fresh produce, including fruits, vegetables, dairy products, meat, beverages and drinks, and other daily dining and living items.</p>\n<p>The COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Dingdong Macai, Alibaba Group and Pinduoduo competing aggressively to grab a major slice of that vast market.</p>\n<p>Earlier this month, Dingdong also filed to list in the United States.</p>\n<p>Missfresh also counts Abu Dhabi Capital Group and Tiger Global Management among its backers.</p>\n<p>J.P. Morgan, Citigroup, CICC and China Renaissance are the lead underwriters for the offering.</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-backed Missfresh eyes $3.8 billion valuation in U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent-backed Missfresh eyes $3.8 billion valuation in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-22 23:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 million from its U.S. initial public offering, which is expected to value the company at up to $3.8 billion at the top end of the range.</p>\n<p>Missfresh, which is backed by an affiliate of Chinese gaming and social media giant Tencent Holdings Ltd, is offering 21 million American Depositary Shares (ADSs) at a price range of between $13 and $16 each.</p>\n<p>Founded in 2014, Missfresh is a mobile e-commerce platform that offers delivery services of fresh produce, including fruits, vegetables, dairy products, meat, beverages and drinks, and other daily dining and living items.</p>\n<p>The COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Dingdong Macai, Alibaba Group and Pinduoduo competing aggressively to grab a major slice of that vast market.</p>\n<p>Earlier this month, Dingdong also filed to list in the United States.</p>\n<p>Missfresh also counts Abu Dhabi Capital Group and Tiger Global Management among its backers.</p>\n<p>J.P. Morgan, Citigroup, CICC and China Renaissance are the lead underwriters for the offering.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MF":"每日优鲜"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169498109","content_text":"(Reuters) - Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 million from its U.S. initial public offering, which is expected to value the company at up to $3.8 billion at the top end of the range.\nMissfresh, which is backed by an affiliate of Chinese gaming and social media giant Tencent Holdings Ltd, is offering 21 million American Depositary Shares (ADSs) at a price range of between $13 and $16 each.\nFounded in 2014, Missfresh is a mobile e-commerce platform that offers delivery services of fresh produce, including fruits, vegetables, dairy products, meat, beverages and drinks, and other daily dining and living items.\nThe COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Dingdong Macai, Alibaba Group and Pinduoduo competing aggressively to grab a major slice of that vast market.\nEarlier this month, Dingdong also filed to list in the United States.\nMissfresh also counts Abu Dhabi Capital Group and Tiger Global Management among its backers.\nJ.P. Morgan, Citigroup, CICC and China Renaissance are the lead underwriters for the offering.","news_type":1},"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}