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米米西谷

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- 米米西谷米米西谷
  ·2023-04-14
  good game and easy going
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- 米米西谷米米西谷
  ·2021-05-20
  Wow
  Sorry, this post has been deleted
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- 米米西谷米米西谷
  ·2021-05-16
  $AMD(AMD)$?
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- 米米西谷米米西谷
  ·2021-05-04
  Wow
  Bill Gates announces his divorce! How costly is a divorce for the super-rich?
  　　微软创始人比尔·盖茨日前宣布与妻子梅琳达·盖茨离婚。根据福布斯今年发布的2021全球富豪榜，比尔·盖茨以1240亿美元的资产位列世界第四。　　超级富豪离婚的代价有多大？2019年世界首富亚马逊创始人杰夫．贝佐斯离婚曾经付出383亿美元的天价“分手费”，而传媒大亨默多克在与邓文迪结婚前把名下的主要资产放进了家族信托进行隔离保护。两人婚后共抚养四名子女。　　2019年，拥有逾千亿美元身价的贝佐斯与麦肯齐达成离婚协议。
  Bill Gates announces his divorce! How costly is a divorce for the super-rich?
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- 米米西谷米米西谷
  ·2021-04-25
  hmm
  Sorry, this post has been deleted
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- 米米西谷米米西谷
  ·2021-04-19
  $AMD(AMD)$Hmmm
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- 米米西谷米米西谷
  ·2021-04-12
  $AMD(AMD)$，?️
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- 米米西谷米米西谷
  ·2020-12-05
  Hmmm
  UBS intensively downgraded XPeng and BYD ratings: it's up a little too much
  过去一段时间，中国造车新势力股价涨势如虹，然而瑞银表示，在这一轮强劲反弹之后，他们近期不那么看多了。瑞银12月3日密集发布研报表示，尽管基本面强劲，但是过去三个月至六个月中国电动车企的股价涨幅超过了100%，基于这个理由他们下调了比亚迪评级至卖出，下调小鹏评级至中性。总体来看，瑞银的偏好顺序依次递减分别是：蔚来、小鹏和比亚迪。
  UBS intensively downgraded XPeng and BYD ratings: it's up a little too much
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href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>?","text":"$AMD(AMD)$?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/192065089","isVote":1,"tweetType":1,"viewCount":3744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106314515,"gmtCreate":1620088217637,"gmtModify":1704338400060,"author":{"id":"3569548060329512","authorId":"3569548060329512","name":"米米西谷","avatar":"https://static.tigerbbs.com/bd365b2bcfa2b18bab19f50df08c03b6","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548060329512","idStr":"3569548060329512"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/106314515","repostId":"2132152425","repostType":4,"repost":{"id":"2132152425","kind":"news","pubTimestamp":1620080580,"share":"https://ttm.financial/m/news/2132152425?lang=en_US&edition=fundamental","pubTime":"2021-05-04 06:23","market":"sh","language":"zh","title":"Bill Gates announces his divorce! How costly is a divorce for the super-rich?","url":"https://stock-news.laohu8.com/highlight/detail?id=2132152425","media":"新浪财经综合","summary":"　　微软创始人比尔·盖茨日前宣布与妻子梅琳达·盖茨离婚。根据福布斯今年发布的2021全球富豪榜，比尔·盖茨以1240亿美元的资产位列世界第四。　　超级富豪离婚的代价有多大？2019年世界首富亚马逊创始人杰夫．贝佐斯离婚曾经付出383亿美元的天价“分手费”，而传媒大亨默多克在与邓文迪结婚前把名下的主要资产放进了家族信托进行隔离保护。两人婚后共抚养四名子女。　　2019年，拥有逾千亿美元身价的贝佐斯与麦肯齐达成离婚协议。","content":"<p>Source: View the World</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Founder Bill Gates recently announced his divorce from his wife Melinda Gates. According to the 2021 Global Rich List released by Forbes this year, Bill Gates ranks fourth in the world with assets of $124 billion.</p><p>How costly is a divorce for the super-rich? The world's richest man in 2019<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Founder Jeff Bezos paid a sky-high \"breakup fee\" of $38.3 billion for his divorce, while media tycoon Murdoch put his main assets in a family trust for isolation and protection before marrying Wendi Deng. Some divorce cases of rich people in China have also led to some complicated disputes.</p><p><img src=\"https://static.tigerbbs.com/1dc6b7900e225fb1072ea0b139686c40\" tg-width=\"550\" tg-height=\"588\" referrerpolicy=\"no-referrer\"></p><p>Bill Gates ranked fourth on the Forbes 2021 list of the world's richest people.</p><p><b>Bezos' sky-high $38.3 billion \"breakup fee\"</b></p><p>McKenzie and Bezos met more than 20 years ago while working for the same hedge fund, and they got married in 1993. In 1994, Bezos created<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, Mackenzie was Amazon's accountant at the time and one of Amazon's earliest employees. After marriage, they raised four children.</p><p>In 2019, Bezos, who is worth more than $100 billion, reached a divorce agreement with Mackenzie. Since Bezos and Mackenzie didn't sign a prenuptial agreement when they got married, the couple jointly held about 16% of Amazon shares before their divorce. According to the law of Washington state where they live,<b>McKenzie could have gotten half of her worth, but she chose to let go generously, and finally only took away 4% of Amazon's stock, which was worth $38.3 billion at that time.</b>After that, Bezos has only about 11% of Amazon shares left in his hands.</p><p>This sky-high \"breakup fee\" was called the most expensive divorce agreement in the world by the outside world. At that time, the Bloomberg Billionaires Index still listed Bezos as the richest man in the world, and estimated his net worth at $118 billion. (Note: As of 2021, Bezos's assets have increased to $177 billion.)</p><p><img src=\"https://static.tigerbbs.com/4e5786f8a7a4defcf4d285b9bef35e4f\" tg-width=\"550\" tg-height=\"368\" referrerpolicy=\"no-referrer\"></p><p>Other issues</p><p><b>Asset shrinkage</b></p><p>Even if Bezos's divorce statement is better than his wedding vows, he still has to face the problem of asset division, and the shrinking assets is also the most direct problem in the divorce of rich people.</p><p>In 2016, China's Internet giants<a href=\"https://laohu8.com/S/300418\">Kunlun Wanwei</a>Chairman Zhou Yahui and his wife Li Qiong reached a divorce property division agreement, and Li Qiong received 277.93 million shares<a href=\"https://laohu8.com/S/300418\">Kunlun Wanwei</a>According to the stock price at that time, Li Qiong's share of property reached 7.076 billion yuan, which is the most expensive divorce case in China. After the 36-month lock-up period, Li Qiong sold a large number of Kunlun Wanwei stocks. Before the divorce, he was able to rank first on the Hurun self-made list with 26 billion, but in 2018, he could only rank with a net worth of 6.9 billion. Ranked more than 2,000 in the Hurun Report, \"If Zhou Yahui throws me, I will throw Zhou Yahui's stock.\"</p><p><img src=\"https://static.tigerbbs.com/51b54161d1cbf10046520ca70105c16a\" tg-width=\"550\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p><p><b>Murdoch paid $1.7 billion in divorce from second wife Anna Torve</b>, Murdoch, who suffered heavy losses and learned from his mistakes, put his main assets in his name, especially before marrying Wendi Deng<a href=\"https://laohu8.com/S/NWS\">News Corp</a>The equity is put into the family trust for isolation and protection.<b>In 2013, Wendi Deng got only two properties and made her two daughters beneficiaries of a $8.7 million fund when she divorced, which was basically a clean leave for Wendi Deng</b>As expected of being an old mage who has been divorced three times.</p><p>Of course, there is also a calm, \"everyone is happy\" property division. In 2014, Dai Xiuli, a Chinese rich woman who first appeared on the list of rich women in Britain, divorced, but her British husband Tony Hawken, a math teacher, proposed it on the grounds that she was tired of being too rich. The English teacher is content with cheap bottles of ten pounds, likes lunch in chain bars, and doesn't like famous brands, while his wife likes to keep them open<a href=\"https://laohu8.com/S/RRN.UK\">Rolls-Royce</a>And Bentley, buying football clubs all over the world, drinking champagne for 900 pounds a bottle. Hawken revealed to the British media that he only asked Dai Xiuli, whose net worth is 1.2 billion pounds (about 12.3 billion yuan), for alimony of 1 million pounds. He thought that his life was guaranteed for the rest of his life, and his daily life was to teach children from poor families free of charge.</p><p><img src=\"https://static.tigerbbs.com/5acf1a71ca7bca43197bc3bbe855294c\" tg-width=\"498\" tg-height=\"590\" referrerpolicy=\"no-referrer\"></p><p>Even if there is no problem with the division of assets, the negative effects of divorce itself will make the career and marriage \"double water reverse\". The divorce between Yang Mi and Hawick Lau has made the news of \"menstrual stickers\" that lasted for several years a thing of the past, and also made the valuation of companies in which Yang Mi shares shrink by 1 billion yuan.</p><p><b>Listing blocked, tragically merged</b></p><p>In the eyes of some rich people, my wife is a savior before marriage and a roadblock after marriage.</p><p>In August, 2007, Wang Wei, the founder of Tudou.com, registered their marriage with Yang Lei, the female anchorwoman of Shanghai TV Station. A couple who was once widely favored by the outside world began to separate 10 months after marriage. In August 2008, Wei Wang filed for divorce for the first time, but the court did not support his divorce request. It was not until March 2010 that the court ruled that both parties divorced. In November, more than half a year after the divorce, Tudou submitted an IPO application to the US Securities and Exchange Commission before Youku. Just when Wei Wang began to look forward to a broad blueprint for the future, an accident happened: Wei Wang's ex-wife Yang Lei filed a lawsuit with Xuhui District People's Court in Shanghai on the second day after Tudou submitted its listing application, demanding the division of property during the marriage relationship.</p><p>Shanghai Xuhui District People's Court froze the shares of three companies under Wang Wei's name, and Tudou's listing plan fell through instantly. Six months later, Wei Wang and Yang Lei reached an out-of-court settlement. Wei Wang paid his ex-wife Yang Lei a total of $7 million in economic compensation, paying $3 million in advance, and paying the balance separately after Tudou went public. In August of the same year, Tudou was finally listed on NASDAQ in the United States, but it missed the best opportunity to go public. Tudou, which was far ahead, was finally swallowed up by Youku. And this divorce case also gave birth to the \"potato clause\" of the investment community.</p><p>The so-called \"potato clause\" means that investors require the CEO and main founder of the invested company to get married or divorced with the consent of the board of directors, especially preferred shares shareholders. Now Wei Wang's ex-wife, Yang Lei, hosts a family dispute adjustment program on Shanghai TV, and every gesture is full of winners.</p><p>However, even with the \"potato clause\" as a firewall, it can't resist the appearance of the divorce curse. Unlike Wang Wei Yang Lei, Yang Haoran, the founder of Ganji.com, and his wife are typical couples in need. They met and married in China more than 20 years ago, and then went to the United States to study together. In 2005, Yang Haoran and his younger brother returned to China to set up the market network. Like many couples who can share weal and woe but can't be rich, the marriage between Yang Haoran and Wang Hongyan is in crisis just as their career is improving.</p><p>The trigger for the rapid collapse of marriage was Wang Hongyan's unexpected discovery of Yang Haoran's quietly transferring huge deposits in the American account. Because he was unwilling to divide the equity of Ganji.com, which he worked hard to create, to his wife, the two started a tug-of-war divorce lawsuit, and some of the equity was preserved, which made Ganji.com miss the opportunity to go public like Tudou. In 2013, the old rival of Ganji.com<a href=\"https://laohu8.com/S/WUBA\">58.com</a>After completing the listing of Nasdaq, with the support of funds, it quickly surpassed Ganji.com. Investors no longer expected Ganji.com to be listed and began to plan mergers and acquisitions. Finally, 58 acquired Ganji.com. By the way, Ganji.com and<a href=\"https://laohu8.com/S/WUBA\">58.com</a>The spokespersons are \"divorced\" Yao Chen and Yang Mi.</p><p>According to the lessons learned from the past, such as Jiji.com and Tudou.com, it may no longer be prevented by documents and terms. Some VC companies said that for companies that are going to invest, if the boss is married, they should interview their wives.</p><p>Not every rich man's divorce is accompanied by equity disputes and debt defaults. The property division structure of Wu Yajun, the former richest woman in China, is a replicable divorce model. As early as 2008, before Longfor Real Estate went public, Wu Yajun and her husband Cai Kui had been \"pre-divorced\". They divided their shares and handed them over to their own family trust control, just to hide the problem of emotional discord in order to successfully go public. Because of this design, when the two divorced in 2012, there was no dispute over equity division. Wu Yajun was in charge of their shares after the divorce through agreement, while her ex-husband Cai Kui married a stewardess with a huge breakup fee.</p><p>If the divorce of the founder of Tudou Ganji is a \"non-cooperative game\", then the \"divorce economics\" of Wu Yajun and his wife is a model of \"cooperative game\".</p><p><b>Grievances and prison sentences</b></p><p>The divorce grievances of rich families sometimes lead to jail time.</p><p>Beijing's apm, Shanghai's ifc, iapm, Chengdu's IFS, these iconic shopping malls are all Hong Kong<a href=\"https://laohu8.com/S/00016\">SUN HUNG KAI</a>Its commercial real estate projects, and the Guo family behind it is also the second richest family in Hong Kong after Li Ka-shing. Sun Hung Kai has become the largest real estate company in Hong Kong by market value with the unity and cooperation of the three Guo brothers. And it was such a business giant that was almost sunk by marriage.</p><p>The kidnapping case of the century in 1997 left a psychological shadow on Guo Bingxiang, the young master of Sun Hung Kai, which led him to suffer from mania. All kinds of hesitations in ransom payment made him suspicious of his family, and even his wife Li Tianying couldn't communicate. You know, in order to marry Li Tianying, Guo Bingxiang, an amorous seed, did not hesitate to divorce and break with his family.</p><p><img src=\"https://static.tigerbbs.com/f961bc00237d816a35460b3453d1d5cb\" tg-width=\"486\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p><p>At this time, Guo Bingxiang's first love, Tang Jinxin, gave him the greatest care, and Guo Bingxiang had been living in Tang Jinxin's home to heal. After slowly recovering, he returned to the family business to take power, and let Tang Jinxin enter Sun Hung Kai to hold an important position. Tang Jinxin gradually intervened in the company's operation and expanded her personal influence, which caused dissatisfaction among others in the Guo family.</p><p>Guo Bingxiang and his Miss Tang are in a couple, and it seems that they are only waiting for a divorce paper from their original wife. Mrs. Guo, who witnessed her two eldest daughters-in-law, obviously hopes that there will be nothing more than three things. In October, 2002, she gathered three brothers and asked Guo Bingjiang to record \"11 family rules\", including: Guo Bingxiang could not divorce Li Tianying, Tang Jinxin and her children could not participate in company affairs and management, were not allowed to enter Royal Garden Hotel and two offices, were not allowed to marry Guo Bingxiang and called herself Guo Tai, and so on. And witnessed and signed by three brothers.</p><p>However, if the family rules are useful, what should the writer do? Guo Bingxiang didn't abide by them. As a last resort, Mrs. Guo used the highest authority of the group to dismiss Guo Bingxiang as chairman, kicked him out of the board of directors, and divided the family trust fund into three parts, which were given to the second son Guo Bingjiang, the third son Guo Binglian and Guo Bingxiang's original wife Li Tianying. Instead, Guo Bingxiang, the original family heir, didn't get a dime. This division was to ensure that once Guo Bingxiang got married, the family fund would not be greatly affected.</p><p>Guo Bingxiang didn't sit still. He used the evidence collected to accuse his two younger brothers of bribery, and broke the corruption case of the century in Hong Kong-the corruption case involving former Chief Secretary for Administration Xu Shiren.</p><p>In order to save their two sons from jail, Kuang Xiaoqing, the old lady of Guo, distributed equity of Sun Hung Kai equally to the three brothers of Guo. However, despite the help of the Golden Lawyers Group, Guo Bingjiang, the second master of the Guo family, was convicted and resigned from Sun Hung Kai.</p><p>This wonderful plot like a TVB drama was really put on the screen by TVB. Coincidentally, Yue Hua and Guo Bingxiang, the role player and the prototype of the character died on the same day in 2018.</p>","source":"sina","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>Bill Gates announces his divorce! How costly is a divorce for the super-rich?</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\">\nBill Gates announces his divorce! How costly is a divorce for the super-rich?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经综合</strong><span class=\"h-time small\">2021-05-04 06:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Source: View the World</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Founder Bill Gates recently announced his divorce from his wife Melinda Gates. According to the 2021 Global Rich List released by Forbes this year, Bill Gates ranks fourth in the world with assets of $124 billion.</p><p>How costly is a divorce for the super-rich? The world's richest man in 2019<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Founder Jeff Bezos paid a sky-high \"breakup fee\" of $38.3 billion for his divorce, while media tycoon Murdoch put his main assets in a family trust for isolation and protection before marrying Wendi Deng. Some divorce cases of rich people in China have also led to some complicated disputes.</p><p><img src=\"https://static.tigerbbs.com/1dc6b7900e225fb1072ea0b139686c40\" tg-width=\"550\" tg-height=\"588\" referrerpolicy=\"no-referrer\"></p><p>Bill Gates ranked fourth on the Forbes 2021 list of the world's richest people.</p><p><b>Bezos' sky-high $38.3 billion \"breakup fee\"</b></p><p>McKenzie and Bezos met more than 20 years ago while working for the same hedge fund, and they got married in 1993. In 1994, Bezos created<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, Mackenzie was Amazon's accountant at the time and one of Amazon's earliest employees. After marriage, they raised four children.</p><p>In 2019, Bezos, who is worth more than $100 billion, reached a divorce agreement with Mackenzie. Since Bezos and Mackenzie didn't sign a prenuptial agreement when they got married, the couple jointly held about 16% of Amazon shares before their divorce. According to the law of Washington state where they live,<b>McKenzie could have gotten half of her worth, but she chose to let go generously, and finally only took away 4% of Amazon's stock, which was worth $38.3 billion at that time.</b>After that, Bezos has only about 11% of Amazon shares left in his hands.</p><p>This sky-high \"breakup fee\" was called the most expensive divorce agreement in the world by the outside world. At that time, the Bloomberg Billionaires Index still listed Bezos as the richest man in the world, and estimated his net worth at $118 billion. (Note: As of 2021, Bezos's assets have increased to $177 billion.)</p><p><img src=\"https://static.tigerbbs.com/4e5786f8a7a4defcf4d285b9bef35e4f\" tg-width=\"550\" tg-height=\"368\" referrerpolicy=\"no-referrer\"></p><p>Other issues</p><p><b>Asset shrinkage</b></p><p>Even if Bezos's divorce statement is better than his wedding vows, he still has to face the problem of asset division, and the shrinking assets is also the most direct problem in the divorce of rich people.</p><p>In 2016, China's Internet giants<a href=\"https://laohu8.com/S/300418\">Kunlun Wanwei</a>Chairman Zhou Yahui and his wife Li Qiong reached a divorce property division agreement, and Li Qiong received 277.93 million shares<a href=\"https://laohu8.com/S/300418\">Kunlun Wanwei</a>According to the stock price at that time, Li Qiong's share of property reached 7.076 billion yuan, which is the most expensive divorce case in China. After the 36-month lock-up period, Li Qiong sold a large number of Kunlun Wanwei stocks. Before the divorce, he was able to rank first on the Hurun self-made list with 26 billion, but in 2018, he could only rank with a net worth of 6.9 billion. Ranked more than 2,000 in the Hurun Report, \"If Zhou Yahui throws me, I will throw Zhou Yahui's stock.\"</p><p><img src=\"https://static.tigerbbs.com/51b54161d1cbf10046520ca70105c16a\" tg-width=\"550\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p><p><b>Murdoch paid $1.7 billion in divorce from second wife Anna Torve</b>, Murdoch, who suffered heavy losses and learned from his mistakes, put his main assets in his name, especially before marrying Wendi Deng<a href=\"https://laohu8.com/S/NWS\">News Corp</a>The equity is put into the family trust for isolation and protection.<b>In 2013, Wendi Deng got only two properties and made her two daughters beneficiaries of a $8.7 million fund when she divorced, which was basically a clean leave for Wendi Deng</b>As expected of being an old mage who has been divorced three times.</p><p>Of course, there is also a calm, \"everyone is happy\" property division. In 2014, Dai Xiuli, a Chinese rich woman who first appeared on the list of rich women in Britain, divorced, but her British husband Tony Hawken, a math teacher, proposed it on the grounds that she was tired of being too rich. The English teacher is content with cheap bottles of ten pounds, likes lunch in chain bars, and doesn't like famous brands, while his wife likes to keep them open<a href=\"https://laohu8.com/S/RRN.UK\">Rolls-Royce</a>And Bentley, buying football clubs all over the world, drinking champagne for 900 pounds a bottle. Hawken revealed to the British media that he only asked Dai Xiuli, whose net worth is 1.2 billion pounds (about 12.3 billion yuan), for alimony of 1 million pounds. He thought that his life was guaranteed for the rest of his life, and his daily life was to teach children from poor families free of charge.</p><p><img src=\"https://static.tigerbbs.com/5acf1a71ca7bca43197bc3bbe855294c\" tg-width=\"498\" tg-height=\"590\" referrerpolicy=\"no-referrer\"></p><p>Even if there is no problem with the division of assets, the negative effects of divorce itself will make the career and marriage \"double water reverse\". The divorce between Yang Mi and Hawick Lau has made the news of \"menstrual stickers\" that lasted for several years a thing of the past, and also made the valuation of companies in which Yang Mi shares shrink by 1 billion yuan.</p><p><b>Listing blocked, tragically merged</b></p><p>In the eyes of some rich people, my wife is a savior before marriage and a roadblock after marriage.</p><p>In August, 2007, Wang Wei, the founder of Tudou.com, registered their marriage with Yang Lei, the female anchorwoman of Shanghai TV Station. A couple who was once widely favored by the outside world began to separate 10 months after marriage. In August 2008, Wei Wang filed for divorce for the first time, but the court did not support his divorce request. It was not until March 2010 that the court ruled that both parties divorced. In November, more than half a year after the divorce, Tudou submitted an IPO application to the US Securities and Exchange Commission before Youku. Just when Wei Wang began to look forward to a broad blueprint for the future, an accident happened: Wei Wang's ex-wife Yang Lei filed a lawsuit with Xuhui District People's Court in Shanghai on the second day after Tudou submitted its listing application, demanding the division of property during the marriage relationship.</p><p>Shanghai Xuhui District People's Court froze the shares of three companies under Wang Wei's name, and Tudou's listing plan fell through instantly. Six months later, Wei Wang and Yang Lei reached an out-of-court settlement. Wei Wang paid his ex-wife Yang Lei a total of $7 million in economic compensation, paying $3 million in advance, and paying the balance separately after Tudou went public. In August of the same year, Tudou was finally listed on NASDAQ in the United States, but it missed the best opportunity to go public. Tudou, which was far ahead, was finally swallowed up by Youku. And this divorce case also gave birth to the \"potato clause\" of the investment community.</p><p>The so-called \"potato clause\" means that investors require the CEO and main founder of the invested company to get married or divorced with the consent of the board of directors, especially preferred shares shareholders. Now Wei Wang's ex-wife, Yang Lei, hosts a family dispute adjustment program on Shanghai TV, and every gesture is full of winners.</p><p>However, even with the \"potato clause\" as a firewall, it can't resist the appearance of the divorce curse. Unlike Wang Wei Yang Lei, Yang Haoran, the founder of Ganji.com, and his wife are typical couples in need. They met and married in China more than 20 years ago, and then went to the United States to study together. In 2005, Yang Haoran and his younger brother returned to China to set up the market network. Like many couples who can share weal and woe but can't be rich, the marriage between Yang Haoran and Wang Hongyan is in crisis just as their career is improving.</p><p>The trigger for the rapid collapse of marriage was Wang Hongyan's unexpected discovery of Yang Haoran's quietly transferring huge deposits in the American account. Because he was unwilling to divide the equity of Ganji.com, which he worked hard to create, to his wife, the two started a tug-of-war divorce lawsuit, and some of the equity was preserved, which made Ganji.com miss the opportunity to go public like Tudou. In 2013, the old rival of Ganji.com<a href=\"https://laohu8.com/S/WUBA\">58.com</a>After completing the listing of Nasdaq, with the support of funds, it quickly surpassed Ganji.com. Investors no longer expected Ganji.com to be listed and began to plan mergers and acquisitions. Finally, 58 acquired Ganji.com. By the way, Ganji.com and<a href=\"https://laohu8.com/S/WUBA\">58.com</a>The spokespersons are \"divorced\" Yao Chen and Yang Mi.</p><p>According to the lessons learned from the past, such as Jiji.com and Tudou.com, it may no longer be prevented by documents and terms. Some VC companies said that for companies that are going to invest, if the boss is married, they should interview their wives.</p><p>Not every rich man's divorce is accompanied by equity disputes and debt defaults. The property division structure of Wu Yajun, the former richest woman in China, is a replicable divorce model. As early as 2008, before Longfor Real Estate went public, Wu Yajun and her husband Cai Kui had been \"pre-divorced\". They divided their shares and handed them over to their own family trust control, just to hide the problem of emotional discord in order to successfully go public. Because of this design, when the two divorced in 2012, there was no dispute over equity division. Wu Yajun was in charge of their shares after the divorce through agreement, while her ex-husband Cai Kui married a stewardess with a huge breakup fee.</p><p>If the divorce of the founder of Tudou Ganji is a \"non-cooperative game\", then the \"divorce economics\" of Wu Yajun and his wife is a model of \"cooperative game\".</p><p><b>Grievances and prison sentences</b></p><p>The divorce grievances of rich families sometimes lead to jail time.</p><p>Beijing's apm, Shanghai's ifc, iapm, Chengdu's IFS, these iconic shopping malls are all Hong Kong<a href=\"https://laohu8.com/S/00016\">SUN HUNG KAI</a>Its commercial real estate projects, and the Guo family behind it is also the second richest family in Hong Kong after Li Ka-shing. Sun Hung Kai has become the largest real estate company in Hong Kong by market value with the unity and cooperation of the three Guo brothers. And it was such a business giant that was almost sunk by marriage.</p><p>The kidnapping case of the century in 1997 left a psychological shadow on Guo Bingxiang, the young master of Sun Hung Kai, which led him to suffer from mania. All kinds of hesitations in ransom payment made him suspicious of his family, and even his wife Li Tianying couldn't communicate. You know, in order to marry Li Tianying, Guo Bingxiang, an amorous seed, did not hesitate to divorce and break with his family.</p><p><img src=\"https://static.tigerbbs.com/f961bc00237d816a35460b3453d1d5cb\" tg-width=\"486\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p><p>At this time, Guo Bingxiang's first love, Tang Jinxin, gave him the greatest care, and Guo Bingxiang had been living in Tang Jinxin's home to heal. After slowly recovering, he returned to the family business to take power, and let Tang Jinxin enter Sun Hung Kai to hold an important position. Tang Jinxin gradually intervened in the company's operation and expanded her personal influence, which caused dissatisfaction among others in the Guo family.</p><p>Guo Bingxiang and his Miss Tang are in a couple, and it seems that they are only waiting for a divorce paper from their original wife. Mrs. Guo, who witnessed her two eldest daughters-in-law, obviously hopes that there will be nothing more than three things. In October, 2002, she gathered three brothers and asked Guo Bingjiang to record \"11 family rules\", including: Guo Bingxiang could not divorce Li Tianying, Tang Jinxin and her children could not participate in company affairs and management, were not allowed to enter Royal Garden Hotel and two offices, were not allowed to marry Guo Bingxiang and called herself Guo Tai, and so on. And witnessed and signed by three brothers.</p><p>However, if the family rules are useful, what should the writer do? Guo Bingxiang didn't abide by them. As a last resort, Mrs. Guo used the highest authority of the group to dismiss Guo Bingxiang as chairman, kicked him out of the board of directors, and divided the family trust fund into three parts, which were given to the second son Guo Bingjiang, the third son Guo Binglian and Guo Bingxiang's original wife Li Tianying. Instead, Guo Bingxiang, the original family heir, didn't get a dime. This division was to ensure that once Guo Bingxiang got married, the family fund would not be greatly affected.</p><p>Guo Bingxiang didn't sit still. He used the evidence collected to accuse his two younger brothers of bribery, and broke the corruption case of the century in Hong Kong-the corruption case involving former Chief Secretary for Administration Xu Shiren.</p><p>In order to save their two sons from jail, Kuang Xiaoqing, the old lady of Guo, distributed equity of Sun Hung Kai equally to the three brothers of Guo. However, despite the help of the Golden Lawyers Group, Guo Bingjiang, the second master of the Guo family, was convicted and resigned from Sun Hung Kai.</p><p>This wonderful plot like a TVB drama was really put on the screen by TVB. Coincidentally, Yue Hua and Guo Bingxiang, the role player and the prototype of the character died on the same day in 2018.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-05-04/doc-ikmxzfmm0438875.shtml\">新浪财经综合</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8ae09aeb718ecfeb44eda599f34a7a54","relate_stocks":{"09086":"华夏纳指-U","03086":"华夏纳指","AMZN":"亚马逊","QNETCN":"纳斯达克中美互联网老虎指数","MSFT":"微软"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-05-04/doc-ikmxzfmm0438875.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2132152425","content_text":"来源：瞰天下\n微软创始人比尔·盖茨日前宣布与妻子梅琳达·盖茨离婚。根据福布斯今年发布的2021全球富豪榜，比尔·盖茨以1240亿美元的资产位列世界第四。\n超级富豪离婚的代价有多大？2019年世界首富亚马逊创始人杰夫．贝佐斯离婚曾经付出383亿美元的天价“分手费”，而传媒大亨默多克在与邓文迪结婚前把名下的主要资产放进了家族信托进行隔离保护。国内一些富豪离婚案也曾导致一些复杂纠葛。\n\n福布斯2021全球富豪排行榜，比尔·盖茨位列第四。\n贝佐斯的383亿美元天价“分手费”\n20多年前，麦肯齐和贝佐斯在同一家对冲基金工作时相识，两人1993年结婚。1994年，贝佐斯创立亚马逊，麦肯齐是当时亚马逊的会计，也是亚马逊最早的员工之一。两人婚后共抚养四名子女。\n2019年，拥有逾千亿美元身价的贝佐斯与麦肯齐达成离婚协议。由于贝佐斯和麦肯齐在结婚时并没有签过婚前协议，他们夫妇在离婚前则共同持有约16%的亚马逊股份，根据他们所在的华盛顿州法律，麦肯齐本可分到一半身价，但她选择了慷慨放手，最终只分走了亚马逊4%的股票，当时这部分股票的价值达383亿美元。此后，贝佐斯手中仅剩11%左右的亚马逊股份。\n这笔天价“分手费”被外界称之为世界最贵离婚协议，当时彭博亿万富翁指数仍将贝佐斯列为全球第一富豪，并估计其净资产为1180亿美元。（注：截至2021年，贝佐斯资产已经增至1770亿美元。）\n\n其他问题\n资产缩水\n即便贝索斯的离婚声明写得比结婚誓词还要好，他也不得不面对资产分割的问题，而资产缩水也是富豪离婚中最直接的问题。\n2016年，中国互联网巨头昆仑万维董事长周亚辉与妻子李琼达成离婚财产分割约定，李琼分得2.7793亿股昆仑万维股份，按照当时的股价计算，李琼分得财产达到70.76亿元之巨，这是中国最贵的离婚案。在36个月的锁定期后，李琼便抛出了大量昆仑万维的股票，离婚前还能以260亿位列胡润白手起家榜第一位，到了2018年却只能以69亿的身家排在胡润百富榜的2000多位，“周亚辉抛我，我就抛周亚辉股票”。\n\n默多克在与第二任妻子安娜·托芙离婚时支付了17亿美元，损失惨重，吃一堑长一智的默多克在与邓文迪结婚前把名下的主要资产，特别是新闻集团股权都放进了家族信托进行隔离保护。2013年，邓文迪在离婚时仅获得了两套房产和让两个女儿成为870万美金基金的受益人，对于邓文迪而言这基本属于净身出户了，不愧是离过三次婚的老法师。\n当然，也有风平浪静、“皆大欢喜”的财产分割。2014年，首登全英女富豪榜的华人女富豪戴秀丽离婚了，不过是她身为数学老师的英国丈夫托尼·霍肯提出的，理由是自己厌倦了太富裕的生活。这位英国老师满足于每瓶十镑的平价酒、喜欢在连锁酒吧吃午餐，也不喜欢名牌，而他的太太喜欢开着劳斯莱斯和宾利、满世界买着足球俱乐部、喝着900英镑一瓶的香槟。霍肯向英国媒体透露，自己只向身家12亿英镑（约合人民币123亿元）的戴秀丽要了100万英镑的赡养费，认为后半辈子生活有了保障的他，日常生活是免费给穷人家的孩子上课。\n\n即便资产分割没有问题，离婚本身的负面效应也会让事业婚姻“双水逆”，杨幂和刘恺威离婚，让持续几年的“月经贴”新闻爆料成为了过去式，也让杨幂参股的公司估值缩水了10个亿。\n上市受阻，惨被兼并\n娇妻在一些富豪的眼中，婚前是救世主，婚后是拦路虎。\n2007年8月，土豆网创始人王微与上海电视台的女主播杨蕾登记结婚，曾经被外界普遍看好的郎才女貌的一对，婚后10个月便开始分居。2008年8月，王微第一次提出离婚，法院没有支持其离婚请求，直至2010年3月，法院才判决双方离婚。双方离婚后半年多的11月，土豆网先于优酷向美国证监会提交了IPO申请，就当王微开始憧憬未来的广阔蓝图时，意外发生了：王微的前妻杨蕾在土豆网提交上市申请的第二天，向上海市徐汇区人民法院起诉，要求分割婚姻关系存续期间的财产。\n上海徐汇区人民法院冻结了王微名下三家公司的股权，土豆网的上市计划瞬间泡汤。半年后，王微与杨蕾达成庭外和解，王微总共支付前妻杨蕾700万美元的经济补偿，先行支付300万美元，待土豆网上市后另行支付余额。同年8月，土豆网终于在美国纳斯达克上市，但是却错过了上市的最好时机，本来遥遥领先的土豆网，最后被优酷吞并。而这件离婚案也催生出了投资界的“土豆条款”。\n所谓“土豆条款”是指投资者要求被投资公司的CEO、主要创始人结婚或者离婚必须经过董事会，尤其是优先股股东的同意后方可进行。如今王微的前妻杨蕾在上海台主持一档家庭纠纷调节节目，举手投足间全是胜利者的姿态。\n不过即便有着“土豆条款”作为防火墙，也是抵挡不住离婚魔咒的显现。与王微杨蕾不同，赶集网的创始人杨浩然与太太是典型的患难夫妻，二十多年前他们在国内相识并结婚，随后一同去美国留学。2005年杨浩然与弟弟一起回国创建了赶集网，与许多能同甘共苦然却不能同富贵的夫妻一样，正当事业有了起色之时，杨浩然和王红艳的婚姻却出现了危机。\n婚姻快速崩溃的导火索是王红艳意外发现了杨浩然在悄悄转移美国账户里的巨额存款，由于不甘心把自己辛苦创立的赶集网的股权分割给妻子，两人开始了堪称拉锯战的离婚诉讼，部分股权被保全有，让赶集网与土豆网一样错失了上市的良机。2013年，赶集网的老对手58同城完成了纳斯达克上市，在资金的支持下，很快超越了赶集网，投资人不再期盼赶集网上市转而开始谋划并购，最终，58并购了赶集网。顺便提一句，赶集网和58同城的代言人，分别是“离过婚”的姚晨和杨幂。\n针对赶集网、土豆网等前车之鉴，可能已经不是文件和条款可以防范的了，有VC公司表示，对准备投资的公司，凡是老板已婚的，要访谈其太太。\n并不是每个富豪的离婚都伴有股权之争和债务违约，曾经的中国女首富吴亚军财产分割架构，便是可复制的离婚范本。早在2008年，龙湖地产上市前，吴亚军与丈夫蔡奎已经“预离婚”，他们把股份分割好，并各自交由自己的家族信托控制，只是为了成功上市瞒而不报感情不和的问题。正是由于这样的设计，2012年二人离婚时，并没有产生任何股权分割的纠纷，吴亚军通过协议在离婚后掌管着二人的股份，而前夫蔡奎拿着巨额分手费和一个空姐结了婚。\n如果说土豆赶集创始人的离婚是“非合作博弈”，那吴亚军夫妇的“离婚经济学”则正是“合作博弈”的典范。\n豪门恩怨与牢狱之灾\n豪门的离婚恩怨，有时还会催生出牢狱之灾。\n北京的apm，上海的ifc、iapm，成都的IFS，这些各地标志性的购物中心都是香港新鸿基地产旗下的商业地产项目，而它背后的郭氏家族也是香港继李嘉诚之后的第二大富豪家族，新鸿基在郭氏三兄弟的团结合作下成为了香港市值最大的地产公司。而就是这样一个商业巨擘，差点被婚变击沉。\n1997年的世纪绑架案给新鸿基大少郭炳湘留下了心理阴影，导致他患上了躁狂症，赎金支付环节的种种迟疑让他对家里人产生了怀疑，连妻子李天颖也无法沟通。要知道当年为了娶李天颖，多情种子郭炳湘不惜离婚并且与家人决裂。\n\n在这个时候，郭炳湘的初恋情人唐锦馨给予他最大的关怀，郭炳湘也一直住在唐锦馨家里疗伤，慢慢恢复之后又重新回到家族企业掌权，并让唐锦馨进入新鸿基担任要职。而唐锦馨逐渐介入公司营运并扩展个人影响力，引起了郭家其他人的不满。\n郭炳湘和他的唐小姐出双入对，似乎只等一张与原配的离婚纸，见证了两任大儿媳的郭老太太显然希望事不过三。2002年10月，她聚齐三兄弟，让郭炳江记录了“11条家规”，包括：郭炳湘不能与李天颖离婚，唐锦馨与子女不能参与公司事务及管理、不准进入帝苑酒店及两个办公室、不能嫁郭炳湘及自称郭太，等等。并由三兄弟见证签名作实。\n不过如果家规有用，还要编剧做什么，郭炳湘并没有遵守这些。不得已郭老太太动用集团最高权限罢免了郭炳湘的主席位，踢他出了董事局，还将家族的信托基金一分为三，分别给了二儿子郭炳江、三儿子郭炳联以及郭炳湘的原配妻子李天颖，原本的家族继承人郭炳湘反而没有分到一毛钱，这样的分割是为了保证郭炳湘一旦婚变，家族基金不受大的影响。\n郭炳湘并没有坐以待毙，他运用手上搜集的证据，指控两个弟弟贿赂，爆出香港世纪贪污案——前政务司司长许仕仁的涉贪案件。\n为了两个儿子免受牢狱之灾，郭老太邝肖卿向郭氏三兄弟平均分配了新鸿基股权，但是尽管有黄金律师团助阵，郭家二爷郭炳江还是被判入罪，辞去了新鸿基的职务。\n这段如TVB大戏般精彩的剧情还真被TVB搬上了荧幕，巧合的是岳华与郭炳湘，角色扮演者和角色的原型竟然在2018年的同一天去世。","news_type":1,"symbols_score_info":{"MSFT":0.9,"QNETCN":0.9,"03086":0.9,"09086":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2978,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375359278,"gmtCreate":1619311192094,"gmtModify":1704722219230,"author":{"id":"3569548060329512","authorId":"3569548060329512","name":"米米西谷","avatar":"https://static.tigerbbs.com/bd365b2bcfa2b18bab19f50df08c03b6","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548060329512","idStr":"3569548060329512"},"themes":[],"htmlText":"hmm","listText":"hmm","text":"hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375359278","repostId":"1156385647","repostType":4,"isVote":1,"tweetType":1,"viewCount":2578,"authorTweetTopStatus":1,"verified":2,"com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href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Hmmm","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Hmmm","text":"$AMD(AMD)$Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/379425903","isVote":1,"tweetType":1,"viewCount":2705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342342237,"gmtCreate":1618187660829,"gmtModify":1704707184892,"author":{"id":"3569548060329512","authorId":"3569548060329512","name":"米米西谷","avatar":"https://static.tigerbbs.com/bd365b2bcfa2b18bab19f50df08c03b6","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548060329512","idStr":"3569548060329512"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>，?️","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>，?️","text":"$AMD(AMD)$，?️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342342237","isVote":1,"tweetType":1,"viewCount":2847,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":396598924,"gmtCreate":1607155154068,"gmtModify":1704969087860,"author":{"id":"3569548060329512","authorId":"3569548060329512","name":"米米西谷","avatar":"https://static.tigerbbs.com/bd365b2bcfa2b18bab19f50df08c03b6","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548060329512","idStr":"3569548060329512"},"themes":[],"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/396598924","repostId":"1104020139","repostType":2,"repost":{"id":"1104020139","kind":"news","pubTimestamp":1607065247,"share":"https://ttm.financial/m/news/1104020139?lang=en_US&edition=fundamental","pubTime":"2020-12-04 15:00","market":"us","language":"zh","title":"UBS intensively downgraded XPeng and BYD ratings: it's up a little too much","url":"https://stock-news.laohu8.com/highlight/detail?id=1104020139","media":"华尔街见闻","summary":"过去一段时间，中国造车新势力股价涨势如虹，然而瑞银表示，在这一轮强劲反弹之后，他们近期不那么看多了。瑞银12月3日密集发布研报表示，尽管基本面强劲，但是过去三个月至六个月中国电动车企的股价涨幅超过了100%，基于这个理由他们下调了比亚迪评级至卖出，下调小鹏评级至中性。总体来看，瑞银的偏好顺序依次递减分别是：蔚来、小鹏和比亚迪。","content":"<p>In the past period of time, the stock prices of new Chinese car-making forces have risen like a rainbow. However, UBS said that after this round of strong rebound, they are not so bullish in the near future.</p><p>UBS released an intensive research report on December 3, saying,<b>Despite strong fundamentals, the stock prices of Chinese electric car companies have risen by more than 100% in the past three to six months. For this reason, they downgraded BYD to sell and XPeng to neutral.</b></p><p>However, taking into account the support of fundamental factors such as falling costs and increased market penetration, UBS raised the target price of three stocks. Overall, UBS's preference order is descending: Nio, XPeng and BYD.</p><p>Maintain Nio Motors' rating at neutral, and raise the target price from $16.3 to $55. XPeng's rating was downgraded to neutral from buy, but the target price was raised from $25 to $59. BYD's rating was downgraded to sell from neutral, but the target price was raised from HK $55 to HK $144.<img src=\"https://static.tigerbbs.com/a620bf4343628434a2d6be257362eccd\" tg-width=\"1015\" tg-height=\"829\">UBS mentioned in the research report that although the decline in battery costs may bring surprises to the market, the market may underestimate the increasingly fierce competition in the electric vehicle industry. The impact from giants such as Tesla and Volkswagen has caused some existing companies to risk losing some market share.</p><p>In addition, the stock prices of Chinese electric vehicle companies have rebounded strongly this year, reflecting investors' rising risk appetite for related companies. Indeed, better-than-expected sales and earnings are the reasons for investors' excitement, but the share prices of these companies hardly account for any downside risks.</p><p>Finally, even in the best case scenario, the current valuations of these electric vehicle companies are too high.</p><p>We also analyzed the best-case valuation in 2025, however the results show that even under the best-case scenario, the current valuation may be at excessive levels. Despite the strong momentum in many fundamental factors, market capitalization analysis shows that there is a clear disconnect between the long-term intrinsic value of EV stocks and the current bullish market valuation.<b>Nio: Brand capability is a strong point but valuation is too expensive</b></p><p>Among the three Chinese electric vehicle companies, UBS is the most optimistic about Nio. Although the valuation is slightly higher, it is relatively reasonable.</p><p>UBS believes the market has priced in the positive factors announced by Nio, including sales growth, improved margins and future technology developments.<b>However, it should be fully affirmed that Nio Motors has established a brand advantage in the electric vehicle industry, especially its positioning in the high-end market may help Nio benefit from the vigorous development of the electric vehicle market.</b></p><p>However, this does not mean that the road ahead for Nio is smooth.</p><p>At present, the direct competition between Tesla Model 3 and Nio ES8/ES6/EC6 is limited, but the localization of Model Y will begin in early 2021, and its price will be reduced from 488,000 yuan to 300,000 yuan, which means that it will affect Nio Automotive SUV sales. In addition, Tesla also has scale advantages, cost advantages and brand premiums.</p><p>Considering the above factors, UBS is cautious about Nio's valuation.</p><p>We believe that Tesla is the best benchmark for Nio vehicles from the perspective of business nature and NEV start-ups. However, from the perspective of global brand recognition, technological leadership and global production capacity, Nio cannot be compared with Tesla.<b>XPeng: Outstanding autonomous driving capabilities but the product is on a more crowded track</b></p><p>UBS believes that the recent sharp rise in XPeng's stock price has taken into account most positive factors. Its current valuation is already higher than its intrinsic valuation, but it is relatively reasonable.</p><p>The biggest advantage of XPeng vehicles comes from its ability to drive autonomously. For example, in October this year, XPeng Motors demonstrated its new generation XPilot 3.0; At the Guangzhou International Auto Show in November, the company also announced that it will launch its first mass-produced smart car equipped with lidar in 2021.</p><p>Nevertheless, after the stock price surged by 200%, investors were more or less aware of these factors. UBS believes that the potential upside/downside trend of XPeng is already balanced.</p><p>XPeng is in a highly competitive field. Although we think the P7 is a high-quality product, it is between Tesla Model 3 and BYD \"Han\". With the launch of Volkswagen's MEB offering, we expect the 150,000 to 300,000 price range to become even more crowded in 2021.<b>BYD: The supply chain has advantages, but it is still doubtful whether high sales can be sustained</b></p><p>Compared with the neutral ratings of the first two electric vehicle companies, UBS downgraded BYD's rating from neutral to sell, believing that BYD's recent stock price increase has far exceeded its fair value.</p><p>On the bright side, the sales of BYD's \"Han\" continued to hit new highs. From August to October this year, the sales volume was 4000/5600/7500 vehicles respectively. On the other hand, BYD Blade Battery has proven its performance on \"Han\".</p><p>Bullish investors are valuing BYD's electric vehicle business with reference to the valuation of electric vehicle start-ups, and BYD's battery business with reference to CATL. If BYD can sell blade batteries to the outside world, it may accelerate the divestiture and unlock value. However, it should be noted whether the sales volume of \"Han\" can be sustainable.</p><p>Historically, BYD's electric vehicle sales have usually increased rapidly, but their life cycle is relatively short. Although \"Han\" is more competitive than BYD's previous models, it also faces a more intense market environment. In particular, it should be noted that a key time point may be after the Spring Festival, when the industry usually enters the off-season.</p>","source":"highlight_wallstreetcn","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>UBS intensively downgraded XPeng and BYD ratings: it's up a little too much</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\">\nUBS intensively downgraded XPeng and BYD ratings: it's up a little too much\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\">2020-12-04 15:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In the past period of time, the stock prices of new Chinese car-making forces have risen like a rainbow. However, UBS said that after this round of strong rebound, they are not so bullish in the near future.</p><p>UBS released an intensive research report on December 3, saying,<b>Despite strong fundamentals, the stock prices of Chinese electric car companies have risen by more than 100% in the past three to six months. For this reason, they downgraded BYD to sell and XPeng to neutral.</b></p><p>However, taking into account the support of fundamental factors such as falling costs and increased market penetration, UBS raised the target price of three stocks. Overall, UBS's preference order is descending: Nio, XPeng and BYD.</p><p>Maintain Nio Motors' rating at neutral, and raise the target price from $16.3 to $55. XPeng's rating was downgraded to neutral from buy, but the target price was raised from $25 to $59. BYD's rating was downgraded to sell from neutral, but the target price was raised from HK $55 to HK $144.<img src=\"https://static.tigerbbs.com/a620bf4343628434a2d6be257362eccd\" tg-width=\"1015\" tg-height=\"829\">UBS mentioned in the research report that although the decline in battery costs may bring surprises to the market, the market may underestimate the increasingly fierce competition in the electric vehicle industry. The impact from giants such as Tesla and Volkswagen has caused some existing companies to risk losing some market share.</p><p>In addition, the stock prices of Chinese electric vehicle companies have rebounded strongly this year, reflecting investors' rising risk appetite for related companies. Indeed, better-than-expected sales and earnings are the reasons for investors' excitement, but the share prices of these companies hardly account for any downside risks.</p><p>Finally, even in the best case scenario, the current valuations of these electric vehicle companies are too high.</p><p>We also analyzed the best-case valuation in 2025, however the results show that even under the best-case scenario, the current valuation may be at excessive levels. Despite the strong momentum in many fundamental factors, market capitalization analysis shows that there is a clear disconnect between the long-term intrinsic value of EV stocks and the current bullish market valuation.<b>Nio: Brand capability is a strong point but valuation is too expensive</b></p><p>Among the three Chinese electric vehicle companies, UBS is the most optimistic about Nio. Although the valuation is slightly higher, it is relatively reasonable.</p><p>UBS believes the market has priced in the positive factors announced by Nio, including sales growth, improved margins and future technology developments.<b>However, it should be fully affirmed that Nio Motors has established a brand advantage in the electric vehicle industry, especially its positioning in the high-end market may help Nio benefit from the vigorous development of the electric vehicle market.</b></p><p>However, this does not mean that the road ahead for Nio is smooth.</p><p>At present, the direct competition between Tesla Model 3 and Nio ES8/ES6/EC6 is limited, but the localization of Model Y will begin in early 2021, and its price will be reduced from 488,000 yuan to 300,000 yuan, which means that it will affect Nio Automotive SUV sales. In addition, Tesla also has scale advantages, cost advantages and brand premiums.</p><p>Considering the above factors, UBS is cautious about Nio's valuation.</p><p>We believe that Tesla is the best benchmark for Nio vehicles from the perspective of business nature and NEV start-ups. However, from the perspective of global brand recognition, technological leadership and global production capacity, Nio cannot be compared with Tesla.<b>XPeng: Outstanding autonomous driving capabilities but the product is on a more crowded track</b></p><p>UBS believes that the recent sharp rise in XPeng's stock price has taken into account most positive factors. Its current valuation is already higher than its intrinsic valuation, but it is relatively reasonable.</p><p>The biggest advantage of XPeng vehicles comes from its ability to drive autonomously. For example, in October this year, XPeng Motors demonstrated its new generation XPilot 3.0; At the Guangzhou International Auto Show in November, the company also announced that it will launch its first mass-produced smart car equipped with lidar in 2021.</p><p>Nevertheless, after the stock price surged by 200%, investors were more or less aware of these factors. UBS believes that the potential upside/downside trend of XPeng is already balanced.</p><p>XPeng is in a highly competitive field. Although we think the P7 is a high-quality product, it is between Tesla Model 3 and BYD \"Han\". With the launch of Volkswagen's MEB offering, we expect the 150,000 to 300,000 price range to become even more crowded in 2021.<b>BYD: The supply chain has advantages, but it is still doubtful whether high sales can be sustained</b></p><p>Compared with the neutral ratings of the first two electric vehicle companies, UBS downgraded BYD's rating from neutral to sell, believing that BYD's recent stock price increase has far exceeded its fair value.</p><p>On the bright side, the sales of BYD's \"Han\" continued to hit new highs. From August to October this year, the sales volume was 4000/5600/7500 vehicles respectively. On the other hand, BYD Blade Battery has proven its performance on \"Han\".</p><p>Bullish investors are valuing BYD's electric vehicle business with reference to the valuation of electric vehicle start-ups, and BYD's battery business with reference to CATL. If BYD can sell blade batteries to the outside world, it may accelerate the divestiture and unlock value. However, it should be noted whether the sales volume of \"Han\" can be sustainable.</p><p>Historically, BYD's electric vehicle sales have usually increased rapidly, but their life cycle is relatively short. Although \"Han\" is more competitive than BYD's previous models, it also faces a more intense market environment. In particular, it should be noted that a key time point may be after the Spring Festival, when the industry usually enters the off-season.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3612470\">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/8a7cf240033f083a329240e6179df017","relate_stocks":{"002594":"比亚迪","XPEV":"小鹏汽车"},"source_url":"https://wallstreetcn.com/articles/3612470","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1104020139","content_text":"过去一段时间，中国造车新势力股价涨势如虹，然而瑞银表示，在这一轮强劲反弹之后，他们近期不那么看多了。\n瑞银12月3日密集发布研报表示，尽管基本面强劲，但是过去三个月至六个月中国电动车企的股价涨幅超过了100%，基于这个理由他们下调了比亚迪评级至卖出，下调小鹏评级至中性。\n不过考虑到成本下降、市场渗透率提高等基本面因素的支持，瑞银提高了三只股票的目标价。总体来看，瑞银的偏好顺序依次递减分别是：蔚来、小鹏和比亚迪。\n\n 维持蔚来汽车评级在中性，同时目标价从16.3美元提高至55美元。小鹏汽车评级从买入下调至中性，但是目标价从25美元提高至59美元。比亚迪评级从中性下调至卖出，但是目标价从55港元提高至144港元。\n \n\n瑞银在研报中提到，尽管电池成本的下降可能会给市场带来惊喜，但是市场可能低估了电动车行业日益激烈的竞争，来自特斯拉和大众这些巨头的冲击，让一些现有企业可能面临失去部分市场份额的风险。\n此外，中国电动车企股价在今年强劲反弹，反映出投资者对相关企业风险偏好的上升。确实，好于预期的销售额和盈利都是投资者们兴奋的原因，但是这些公司的股价几乎没有计入任何下行风险。\n最后，即使在最佳情形下，目前这些电动车企的估值也过高了。\n\n 我们还对2025年最佳情形下的估值进行了分析，然而结果表明，即使在最佳情形下，目前的估值也可能处于过高的水平。尽管许多基本面因素存在强劲势头，但市值分析表明，电动车企股票的长期内在价值与目前看涨的市场估值之间存在明显的脱节。\n\n蔚来：品牌能力是强项但是估值过贵\n在三家中国电动车企中，瑞银最看好蔚来，尽管估值略高，但相对而言还是合理的。\n瑞银认为，市场已经消化了蔚来宣布的积极因素，包括销量增长、利润率提高以及未来技术的发展。但是要充分给予肯定的是，蔚来汽车已经在电动车行业树立了品牌优势，尤其是其高端市场的定位可能帮助蔚来从电动车市场的蓬勃发展中受益。\n不过，这并不意味着蔚来的前路是平坦的。\n目前特斯拉Model 3与蔚来ES8/ES6/EC6 的直接竞争是有限的，但是2021年初开始Model Y本土化，其价格将从48.8万元人民币降低至30万元人民币，这意味着将影响蔚来汽车SUV的销量。另外特斯拉还有规模优势、成本优势和品牌溢价。\n考虑到以上因素，瑞银对蔚来的估值持谨慎态度。\n\n 我们认为，从商业本质和新能源汽车初创企业的角度，特斯拉是蔚来汽车最好的基准。不过从全球品牌认知度、技术领导力和全球产能这些方面来看，蔚来还不能跟特斯拉相提并论。\n\n小鹏：自动驾驶能力突出 但产品所处赛道更加拥挤\n瑞银认为，近期小鹏汽车股价的大幅上涨已经计入了大部分积极因素，当前其估值已经高于其内在估值，但是相对而言还是合理的。\n小鹏汽车最大优势是来自其自动驾驶方面的能力。比如，今年10月，小鹏汽车展示了其新一代的XPilot 3.0； 11月的广州国际车展上，该公司还宣布将在2021年推出首款搭载激光雷达的量产智能汽车。\n尽管如此，股价大涨200%之后，投资者或多或少都已经意识到上述这些因素。瑞银认为，小鹏的潜在上行/下行趋势已经处于平衡了。\n\n 小鹏处于一个高度竞争的领域。尽管我们认为P7是一款高质量产品，但是它处于特斯拉Model 3和比亚迪“汉”之间。随着大众MEB产品的推出，我们预计15万至30万售价区间将在2021年变得更加拥挤。\n\n比亚迪：供应链有优势，但是高销量能否持续仍存疑\n相比前两家电动车企业中性评级，瑞银把比亚迪的评级从中性降至卖出，认为比亚迪最近的股价涨幅已经远超出其公允价值。\n从好的方面来看，比亚迪“汉”的销量持续创下新高，今年8月至10月，销量分别为4000/5600/7500辆。另一方面，比亚迪刀片电池已经在“汉”上证明了自己的表现。\n\n 看涨的投资者是把比亚迪的电动车业务参照电动车初创企业估值，把比亚迪的电池业务参照宁德时代进行估值。如果比亚迪能够向外部出售刀片电池，那么可能会加速剥离，释放价值。\n\n但是需要注意的是，“汉”的销量是否能具有持续性。\n历史上，比亚迪电动车销量通常是快速上升，但是生命周期相对较短。尽管“汉”相对比亚迪之前的车型更具竞争力，但是它同样面临着更激烈的市场环境。尤其要注意的是一个关键时间点可能是春节后，通常此时行业进入淡季。","news_type":1,"symbols_score_info":{"XPEV":0.9,"002594":0.9}},"isVote":1,"tweetType":1,"viewCount":2655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}