Profile - To The Moon

Li Guixi

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- Li GuixiLi Guixi
  ·2023-07-19
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- Li GuixiLi Guixi
  ·2022-03-08
  💰
  Sorry, this post has been deleted
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- Li GuixiLi Guixi
  ·2022-02-25
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  Sorry, this post has been deleted
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- Li GuixiLi Guixi
  ·2022-02-16
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  The Hong Kong Stock Exchange welcomes the 6th SPAC to submit forms! What capital has entered the game?
  港交所近日披露，“特殊目的收购公司”（SPAC）Vision Deal递表港交所主板上市，花旗及海通国际担任联席保荐人。阿里巴巴前CEO卫哲、Deal Globe、楼立枢及创富融资为发起人。（图片来源
  The Hong Kong Stock Exchange welcomes the 6th SPAC to submit forms! What capital has entered the game?
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- Li GuixiLi Guixi
  ·2022-01-27
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  The Nasdaq rose more than 2%! Markets hold their breath for Fed Chair Jerome Powell's press conference
  周三，投资者等待美联储（Federal Reserve）会议结果，美国股市开盘上涨，此前市场又经历一个疯狂的交易日。美联储本次会议预计将为2022年定下基调。道琼斯工业指数上涨约308点，涨幅0.9%
  The Nasdaq rose more than 2%! Markets hold their breath for Fed Chair Jerome Powell's press conference
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- Li GuixiLi Guixi
  ·2022-01-14
  👌
  Chinese online "metaverse" story, capital is tired of hearing?
  “元宇宙”罩不住中文在线了？被誉为“元宇宙”龙头之一的中文在线，这下尴尬了。2022年1月11日，中国移动通信联合会元宇宙产业委员会揭牌，接纳涉足“元宇宙”的8家上市公司，包括中青宝、天下秀、风语筑等
  Chinese online "metaverse" story, capital is tired of hearing?
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- Li GuixiLi Guixi
  ·2021-08-24
  Good to buy ?
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- Li GuixiLi Guixi
  ·2021-08-11
  $fuboTV Inc.(FUBO)$Thanks
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- Li GuixiLi Guixi
  ·2021-08-01
  Share . Good
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- Li GuixiLi Guixi
  ·2021-07-10
  Keep waiting
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What capital has entered the game?","url":"https://stock-news.laohu8.com/highlight/detail?id=1102305568","media":"Wind万得","summary":"港交所近日披露，“特殊目的收购公司”（SPAC）Vision Deal递表港交所主板上市，花旗及海通国际担任联席保荐人。阿里巴巴前CEO卫哲、Deal Globe、楼立枢及创富融资为发起人。（图片来源","content":"<p><html><head></head><body>The Hong Kong Stock Exchange recently disclosed that the \"special purpose acquisition company\" (SPAC) Vision Deal submitted a listing form on the main board of the Hong Kong Stock Exchange.<a href=\"https://laohu8.com/S/C\">Citigroup</a>(b)<a href=\"https://laohu8.com/S/00665\">Haitong International</a>Acting as joint sponsors.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Former CEO Wei Zhe, Deal Globe, Lou Lishu and Chuangfu Financing are the sponsors.</p><p><img src=\"https://static.tigerbbs.com/de7a7b5d0845bce6df8aca065ff9c141\" tg-width=\"796\" tg-height=\"659\" referrerpolicy=\"no-referrer\"/></p><p>(Image source: Vision Deal prospectus)</p><p>The prospectus shows that the company intends to focus on specializing in<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Automotive technology, and high-quality Chinese companies with supply chain and cross-border e-commerce capabilities that benefit from domestic consumption upgrading trends.</p><p><b>Former Alibaba CEO as sponsor</b></p><p>According to the prospectus, the sponsors of Vision Deal are Wei Zhe, founder of Jiayu Capital and former CEO of Alibaba, Deal Globe, Lou Lishu and Chuangfu Financing. Vision Deal's Class B Shares are held as to 90% by Vision Deal Acquisition Sponsor LLC, which is held as to 40% by VKC Management, 40% by Deal Globe and 20% by Lou Lishu, respectively. VKC Management is an investment holding company wholly-owned by Weizhe.</p><p>The remaining 10% of Vision Deal's Class B shares are held by Opus Vision SPAC Limited, an investment holding company wholly owned by Chuangfu Capital.</p><p>From the perspective of the background of the sponsor, Jiayu Capital, a private equity investment fund founded by Wei Zhe, focuses on new channels, B2B platforms/services/products, new consumption and new technologies empowered by China's Internet industry. As of December 31, 2021, Assets under management reached US $2.2 billion. Some of its well-known investments in China over the past decade with the theme of consumption upgrading include:<a href=\"https://laohu8.com/S/09992\">Pop Mart</a>、<a href=\"https://laohu8.com/S/06969\">Smol International</a>、<a href=\"https://laohu8.com/S/300866\">Anker Innovation</a>Etc.</p><p>Deal Globe is a member of Yijie Group, a cross-border boutique investment bank; Lou Lishu has held various positions in private equity firms and investment banks, including San Francisco<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, Apax Partners in New York and Hillhouse Capital in Beijing; Chuangfu Capital provides a variety of financial services. Since its establishment, it has successfully completed 46 initial public offerings and secondary offerings of listed companies and private companies, with a total transaction size of approximately US $1.5 billion.</p><p>The Vision Deal prospectus shows that certain macroeconomic factors and industry trends will continue to support China's smart car technology market and consumption upgrade trends. Not only has China's economy grown strongly over the past decade, relevant policies and technological advancements are driving the growth of China's smart vehicle technology market. Additionally, Vision Deal witnesses the rise of Chinese companies benefiting from China's vibrant consumer market. Supported by strong domestic supply chain capabilities, Chinese consumer goods companies are increasingly recognized overseas.</p><p><b>The Hong Kong Stock Exchange has welcomed 6 SPACs to submit forms</b></p><p>According to Wind statistics, since 2022, 6 SPACs have submitted forms for listing on the Hong Kong Stock Exchange. Among them, February had Ace Eight Acquisition Corporation (Ace Eight) and Vision Deal HK Acquisition Corp (Vision Deal) Submit a form for listing.</p><p>In addition, on January 17, the Hong Kong Stock Exchange welcomed the submission of Aquila Acquisition (Aquila); On January 28, Tiger Jade Acquisition (Tiger Jade) submitted a form to the Hong Kong Stock Exchange; On January 31, Trinity Acquisition (Trinity) and Interra Acquisition (Interra) simultaneously submitted their forms to the Hong Kong Stock Exchange.</p><p>According to Wind, the six SPACs currently listed on the Hong Kong Stock Exchange invest in different fields: Aquila plans to focus on \"new economy\" industries in Asia (especially China) (such as green energy, life sciences and advanced technology and manufacturing industries) Companies empowered by technology; Tiger Jade focuses on the healthcare industry; Trinity focuses on the global consumer sector.</p><p>Interra plans to invest<a href=\"https://laohu8.com/S/C76.SI\">Innovation and Technology</a>High-growth companies in the fields of consumer and new retail, high-end manufacturing, healthcare and climate action; Ace Eight focuses on companies operating in the biotechnology and TMT industries in Asia.</p><p>From the perspective of sponsors, the sponsors of the six SPACs are all from well-known institutions and individuals. For example, one of the sponsors of Aquila is CMB International Asset Management; Tiger Jade sponsors include Taixin Capital, a healthcare-focused private equity fund; Trinity promoters include well-known athletes<a href=\"https://laohu8.com/S/02331\">Li Ning</a>； Interra was initiated by Primavera Capital, ABC International Asset Management and other institutions.</p><p><b>SPAC Investment Opportunities and Risks</b></p><p>SPAC is a shell company. The purpose of IPO is to acquire (i.e. SPAC merger and acquisition transaction) a company (i.e. SPAC merger and acquisition target) within a preset period of time after listing. Supported by the huge liquidity of global central banks during the epidemic, the number of global SPAC IPOs has ushered in a blowout in the past two years.</p><p><a href=\"https://laohu8.com/S/002736\">Guosen Securities</a>He said that the Hong Kong stock SPAC mechanism will be a major development opportunity for large domestic securities firms. Large securities firms have a complete range of businesses and have accumulated mature teams in each business line. By creating SPACs, they can not only contribute to the development of the country's new economy, but also strengthen the application skills of comprehensive strength and consolidate their market position.</p><p>CDB Securities warned of risks that the SPAC model has policy dividends, and once regulatory policies are tightened, this fanaticism will suddenly cool down. It is hard to say that there is no bubble in a capital market model whose prosperity is firmly controlled by regulatory policies, explodes in a short period of time, and suddenly cools down after being prompted by regulators to pay attention to risks.</p><p>From the perspective of specific investment strategies, CDB Securities stated that the stock price of SPAC is the largest increase range from the announcement of the merger to the completion of the merger. After the merger is completed, it can be treated as a general secondary market investment. Investors mainly take the investment period from the announcement of mergers and acquisitions to the completion of mergers and acquisitions as their main investment period. If they want to obtain the income during this period, they must buy when there are \"rumors\" and sell when \"the dust settles\".</p><p></body></html></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>The Hong Kong Stock Exchange welcomes the 6th SPAC to submit forms! What capital has entered the game?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Hong Kong Stock Exchange welcomes the 6th SPAC to submit forms! What capital has entered the game?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2022-02-16 10:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The Hong Kong Stock Exchange recently disclosed that the \"special purpose acquisition company\" (SPAC) Vision Deal submitted a listing form on the main board of the Hong Kong Stock Exchange.<a href=\"https://laohu8.com/S/C\">Citigroup</a>(b)<a href=\"https://laohu8.com/S/00665\">Haitong International</a>Acting as joint sponsors.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Former CEO Wei Zhe, Deal Globe, Lou Lishu and Chuangfu Financing are the sponsors.</p><p><img src=\"https://static.tigerbbs.com/de7a7b5d0845bce6df8aca065ff9c141\" tg-width=\"796\" tg-height=\"659\" referrerpolicy=\"no-referrer\"/></p><p>(Image source: Vision Deal prospectus)</p><p>The prospectus shows that the company intends to focus on specializing in<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Automotive technology, and high-quality Chinese companies with supply chain and cross-border e-commerce capabilities that benefit from domestic consumption upgrading trends.</p><p><b>Former Alibaba CEO as sponsor</b></p><p>According to the prospectus, the sponsors of Vision Deal are Wei Zhe, founder of Jiayu Capital and former CEO of Alibaba, Deal Globe, Lou Lishu and Chuangfu Financing. Vision Deal's Class B Shares are held as to 90% by Vision Deal Acquisition Sponsor LLC, which is held as to 40% by VKC Management, 40% by Deal Globe and 20% by Lou Lishu, respectively. VKC Management is an investment holding company wholly-owned by Weizhe.</p><p>The remaining 10% of Vision Deal's Class B shares are held by Opus Vision SPAC Limited, an investment holding company wholly owned by Chuangfu Capital.</p><p>From the perspective of the background of the sponsor, Jiayu Capital, a private equity investment fund founded by Wei Zhe, focuses on new channels, B2B platforms/services/products, new consumption and new technologies empowered by China's Internet industry. As of December 31, 2021, Assets under management reached US $2.2 billion. Some of its well-known investments in China over the past decade with the theme of consumption upgrading include:<a href=\"https://laohu8.com/S/09992\">Pop Mart</a>、<a href=\"https://laohu8.com/S/06969\">Smol International</a>、<a href=\"https://laohu8.com/S/300866\">Anker Innovation</a>Etc.</p><p>Deal Globe is a member of Yijie Group, a cross-border boutique investment bank; Lou Lishu has held various positions in private equity firms and investment banks, including San Francisco<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, Apax Partners in New York and Hillhouse Capital in Beijing; Chuangfu Capital provides a variety of financial services. Since its establishment, it has successfully completed 46 initial public offerings and secondary offerings of listed companies and private companies, with a total transaction size of approximately US $1.5 billion.</p><p>The Vision Deal prospectus shows that certain macroeconomic factors and industry trends will continue to support China's smart car technology market and consumption upgrade trends. Not only has China's economy grown strongly over the past decade, relevant policies and technological advancements are driving the growth of China's smart vehicle technology market. Additionally, Vision Deal witnesses the rise of Chinese companies benefiting from China's vibrant consumer market. Supported by strong domestic supply chain capabilities, Chinese consumer goods companies are increasingly recognized overseas.</p><p><b>The Hong Kong Stock Exchange has welcomed 6 SPACs to submit forms</b></p><p>According to Wind statistics, since 2022, 6 SPACs have submitted forms for listing on the Hong Kong Stock Exchange. Among them, February had Ace Eight Acquisition Corporation (Ace Eight) and Vision Deal HK Acquisition Corp (Vision Deal) Submit a form for listing.</p><p>In addition, on January 17, the Hong Kong Stock Exchange welcomed the submission of Aquila Acquisition (Aquila); On January 28, Tiger Jade Acquisition (Tiger Jade) submitted a form to the Hong Kong Stock Exchange; On January 31, Trinity Acquisition (Trinity) and Interra Acquisition (Interra) simultaneously submitted their forms to the Hong Kong Stock Exchange.</p><p>According to Wind, the six SPACs currently listed on the Hong Kong Stock Exchange invest in different fields: Aquila plans to focus on \"new economy\" industries in Asia (especially China) (such as green energy, life sciences and advanced technology and manufacturing industries) Companies empowered by technology; Tiger Jade focuses on the healthcare industry; Trinity focuses on the global consumer sector.</p><p>Interra plans to invest<a href=\"https://laohu8.com/S/C76.SI\">Innovation and Technology</a>High-growth companies in the fields of consumer and new retail, high-end manufacturing, healthcare and climate action; Ace Eight focuses on companies operating in the biotechnology and TMT industries in Asia.</p><p>From the perspective of sponsors, the sponsors of the six SPACs are all from well-known institutions and individuals. For example, one of the sponsors of Aquila is CMB International Asset Management; Tiger Jade sponsors include Taixin Capital, a healthcare-focused private equity fund; Trinity promoters include well-known athletes<a href=\"https://laohu8.com/S/02331\">Li Ning</a>； Interra was initiated by Primavera Capital, ABC International Asset Management and other institutions.</p><p><b>SPAC Investment Opportunities and Risks</b></p><p>SPAC is a shell company. The purpose of IPO is to acquire (i.e. SPAC merger and acquisition transaction) a company (i.e. SPAC merger and acquisition target) within a preset period of time after listing. Supported by the huge liquidity of global central banks during the epidemic, the number of global SPAC IPOs has ushered in a blowout in the past two years.</p><p><a href=\"https://laohu8.com/S/002736\">Guosen Securities</a>He said that the Hong Kong stock SPAC mechanism will be a major development opportunity for large domestic securities firms. Large securities firms have a complete range of businesses and have accumulated mature teams in each business line. By creating SPACs, they can not only contribute to the development of the country's new economy, but also strengthen the application skills of comprehensive strength and consolidate their market position.</p><p>CDB Securities warned of risks that the SPAC model has policy dividends, and once regulatory policies are tightened, this fanaticism will suddenly cool down. It is hard to say that there is no bubble in a capital market model whose prosperity is firmly controlled by regulatory policies, explodes in a short period of time, and suddenly cools down after being prompted by regulators to pay attention to risks.</p><p>From the perspective of specific investment strategies, CDB Securities stated that the stock price of SPAC is the largest increase range from the announcement of the merger to the completion of the merger. After the merger is completed, it can be treated as a general secondary market investment. Investors mainly take the investment period from the announcement of mergers and acquisitions to the completion of mergers and acquisitions as their main investment period. If they want to obtain the income during this period, they must buy when there are \"rumors\" and sell when \"the dust settles\".</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"HSCCI":"红筹指数","HSI":"恒生指数","HSCEI":"国企指数","HSTECH":"恒生科技指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102305568","content_text":"港交所近日披露，“特殊目的收购公司”（SPAC）Vision Deal递表港交所主板上市，花旗及海通国际担任联席保荐人。阿里巴巴前CEO卫哲、Deal Globe、楼立枢及创富融资为发起人。（图片来源：Vision Deal招股书）招股书显示，公司拟重点关注专门从事智能汽车技术，及具备供应链及跨境电商能力、从国内消费升级趋势中受益的中国优质公司。阿里巴巴前CEO为发起人据招股书披露，Vision Deal发起人为嘉御资本创始人、阿里巴巴前CEO卫哲、Deal Globe、楼立枢及创富融资。Vision Deal B类股份的90%由Vision Deal Acquisition Sponsor LLC持有，后者分别由VKC Management、Deal Globe及楼立枢分别持有40%、40%及20%权益。VKC Management是卫哲全资拥有的投资控股公司。Vision Deal剩余10%的B类股份由Opus Vision SPAC Limited持有，该公司为创富融资全资拥有的投资控股公司。从发起人背景来看，卫哲创立的私募股权投资基金嘉御资本注于中国互联网行业赋能的新渠道、B2B平台╱服务╱产品、新消费及新技术，截至2021年12月31日，资产管理规模达到22亿美元。其过去十年间在中国进行的部分以消费升级为主题的知名投资包括：泡泡玛特、思摩尔国际、安克创新等。Deal Globe为跨境精品投行易界集团成员公司；楼立枢曾于私募股权公司及投资银行担任多个职务，包括旧金山的高盛、纽约的Apax Partners及北京的高瓴资本；创富融资提供多项金融服务，自成立以来已成功完成46项上市公司及私人公司的首次公开发售及二次发行交易，总交易规模约15亿美元。Vision Deal招股书显示，若干宏观经济因素及行业趋势将继续支撑中国智能汽车技术市场及消费升级趋势。中国经济不仅于过去十年间强劲增长，相关政策及技术进步正推动中国智能汽车技术市场的增长。此外，Vision Deal见证受益于中国充满活力消费市场的中国公司的崛起。在强大的国内供应链能力支持下，中国消费品公司在海外越来越受认可。港交所已迎接6只SPAC递表据Wind统计，2022年以来，已经有6家SPAC递表港交所上市。其中，2月分别有Ace Eight Acquisition Corporation（Ace Eight）和Vision Deal HK Acquisition Corp （Vision Deal）递表申请上市。此外，1月17日，港交所迎接Aquila Acquisition（Aquila）递表；1月28日，Tiger Jade Acquisition（Tiger Jade）递表港交所；1月31日，Trinity Acquisition（Trinity）及Interra Acquisition（Interra）同时递表港交所。据Wind梳理，目前递表港交所上市的6只SPAC分别投资于不同领域：Aquila计划重点关注亚洲（特别是中国）“新经济”行业（例如绿色能源、生命科学及先进科技与制造行业）内有科技赋能的公司；Tiger Jade专注于医疗保健行业；Trinity关注全球性消费领域。Interra计划投资创新科技、消费及新零售、高端制造、医疗健康及气候行动等领域的高增长型公司；Ace Eight则关注亚洲经营生物技术及TMT行业的公司。而从发起人来看，6只SPAC的发起人均来自知名机构和个人。例如，Aquila发起人之一为招银国际资产管理；Tiger Jade发起人包括专注医疗保健的私募股权基金泰欣资本；Trinity发起人包括知名运动员李宁；而Interra则由春华资本、农银国际资管等机构发起。SPAC的投资机遇与风险SPAC是一种空壳公司，IPO的目的是在上市后一段预设时间内收购（即SPAC并购交易）一家公司（即SPAC并购目标）。在疫情期间全球央行的天量流动性支持下，全球SPAC IPO数量在过去两年迎来井喷式爆发。国信证券表示，港股SPAC 机制将是国内大型券商的重大发展机遇。大型券商的业务种类齐全，在各条业务线都积淀了成熟的团队，通过创设SPAC，不仅可以为国家新经济发展做出贡献，也可以强化综合实力的运用技巧，巩固市场地位。国开证券则提示风险称，SPAC模式是有政策红利的，当监管政策一旦收紧，这种狂热将骤然降温。一种繁荣景气程度被监管政策牢牢控制、短期内井喷式爆发、又被监管提示注意风险后骤然降温的资本市场模式，我们很难说它不存在泡沫。从具体投资策略来看，国开证券表示，SPAC 股价在宣布并购到完成并购期间是涨幅最大的区间，并购完成后就可按照一般二级市场投资对待。投资者主要以宣布并购到并购完成作为主要投资期间，欲获取此期间收益就要买在“流言蜚语”时，卖在“尘埃落定”时。","news_type":1,"symbols_score_info":{"HSI":0.9,"HSTECH":0.9,"HSCCI":0.9,"HSCEI":0.9}},"isVote":1,"tweetType":1,"viewCount":2442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9090561807,"gmtCreate":1643234724753,"gmtModify":1676533787211,"author":{"id":"3570833668911971","authorId":"3570833668911971","name":"Li Guixi","avatar":"https://static.tigerbbs.com/d47f140f55f4badb19ca06d16064de5b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570833668911971","idStr":"3570833668911971"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090561807","repostId":"1147036450","repostType":4,"repost":{"id":"1147036450","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1643210255,"share":"https://ttm.financial/m/news/1147036450?lang=en_US&edition=fundamental","pubTime":"2022-01-26 23:17","market":"us","language":"zh","title":"The Nasdaq rose more than 2%! Markets hold their breath for Fed Chair Jerome Powell's press conference","url":"https://stock-news.laohu8.com/highlight/detail?id=1147036450","media":"Wind万得","summary":"周三，投资者等待美联储（Federal Reserve）会议结果，美国股市开盘上涨，此前市场又经历一个疯狂的交易日。美联储本次会议预计将为2022年定下基调。道琼斯工业指数上涨约308点，涨幅0.9%","content":"<p><html><head></head><body>U.S. stocks opened higher on Wednesday as investors awaited the results of the Federal Reserve meeting, following another wild trading day for markets. This Fed meeting is expected to set the tone for 2022.</p><p>The Dow Jones Industrial Average rose about 308 points, or 0.9%. The S&P 500 rose 1.5%. The Nasdaq Composite rose 2.5%.</p><p>Luca Paolini, chief strategist at Pictet Asset Management, said: \"The focus today will be on the Fed, and the tone of the press conference will be the focus. One might think that given market turmoil and geopolitical tensions, the Fed may ease the language.\"</p><p>The VIX index, which measures expected volatility, sometimes referred to as Wall Street's panic gauge, fell 2.8 points to 28.4. The index rose this week as stocks fell.</p><p>The Federal Reserve will conclude its two-day policy meeting on Wednesday and issue a statement in the afternoon local time. The Fed is not expected to make any policy adjustments, but investors will be looking for clues about when and to what extent the Fed will rate hike later this year. Market participants will also look for hints that the Federal Reserve will take further steps to lift pandemic-era aid.</p><p>In March 2020, when the pandemic hit across the globe, the Federal Reserve reduced interest rates to near zero. In September 2020, Fed officials said they would keep interest rates unchanged until inflation expectations modestly exceed 2% and until the labor market returns to levels consistent with full employment.</p><p>The Fed can use its post-meeting statement on Wednesday to announce that it basically achieves both goals. Excluding the volatile food and energy categories, inflation surged to 4.7% in November from a year earlier, easily surpassing the first target, according to the Fed's preferred gauge. Most Fed officials said that the sharp drop in the unemployment rate in the second half of last year (to 3.9% in December), coupled with strong wage growth, almost achieved the second target.</p><p>Such an acknowledgement would allow the Fed to send its clearest signal yet that it is poised to rate hike by 25 basis points at its March 15-16 meeting.</p><p>Powell is likely to come under pressure on the outlook for inflation, which could affect the number of Fed rate hike. He put forward his latest ideas when he testified before Congress in January. He said that inflation remains high because of the imbalance between supply and demand.</p><p>Market strategists believe that recent market volatility is unlikely to prevent the Federal Reserve from making up to four rate hike this year. On Tuesday, the Dow Jones Industrial Average closed down 66 points, or 0.2%. A day earlier, the Dow Jones Industrial Average rebounded from a 1,115-point decline to modest gains.</p><p>The S&P500 and Nasdaq Composite also closed well below their intraday lows on Tuesday, but were still down 1.2% and 2.3%, respectively.</p><p><a href=\"https://laohu8.com/S/BLK\">BlackRock</a>\"We're in a tightening environment,\" said Rick Rieder of (BlackRock). \"Interest rates are going to be trending upward and volatility is going to be higher.\"</p><p>U.S. Treasury Bond yields surged at the start of the year amid expectations that the Federal Reserve will tighten monetary policy. The benchmark 10-year Treasury Bond yield was around 1.78% on Wednesday.</p><p>As for individual stocks,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Tech stocks rebounded in early trading after earnings. Microsoft shares jumped 5.5% after it issued better-than-expected quarterly revenue guidance.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>(Apple),<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>(Amazon), Netflix and<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>(Nvidia) Shares Are Trending Higher.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Shares rose 4.2% as the electric vehicle company is scheduled to report earnings after the market closes.</p><p>Boeing's performance in the fourth quarter of last year fell short of expectations, falling 2%, and the pre-tax expenditure of the 787 Dreamliner project was $3.5 billion. Moderna rose 4.3% in early trading, rebounding after eight consecutive days of losses.</p><p></body></html></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>The Nasdaq rose more than 2%! Markets hold their breath for Fed Chair Jerome Powell's press conference</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Nasdaq rose more than 2%! Markets hold their breath for Fed Chair Jerome Powell's press conference\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2022-01-26 23:17</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>U.S. stocks opened higher on Wednesday as investors awaited the results of the Federal Reserve meeting, following another wild trading day for markets. This Fed meeting is expected to set the tone for 2022.</p><p>The Dow Jones Industrial Average rose about 308 points, or 0.9%. The S&P 500 rose 1.5%. The Nasdaq Composite rose 2.5%.</p><p>Luca Paolini, chief strategist at Pictet Asset Management, said: \"The focus today will be on the Fed, and the tone of the press conference will be the focus. One might think that given market turmoil and geopolitical tensions, the Fed may ease the language.\"</p><p>The VIX index, which measures expected volatility, sometimes referred to as Wall Street's panic gauge, fell 2.8 points to 28.4. The index rose this week as stocks fell.</p><p>The Federal Reserve will conclude its two-day policy meeting on Wednesday and issue a statement in the afternoon local time. The Fed is not expected to make any policy adjustments, but investors will be looking for clues about when and to what extent the Fed will rate hike later this year. Market participants will also look for hints that the Federal Reserve will take further steps to lift pandemic-era aid.</p><p>In March 2020, when the pandemic hit across the globe, the Federal Reserve reduced interest rates to near zero. In September 2020, Fed officials said they would keep interest rates unchanged until inflation expectations modestly exceed 2% and until the labor market returns to levels consistent with full employment.</p><p>The Fed can use its post-meeting statement on Wednesday to announce that it basically achieves both goals. Excluding the volatile food and energy categories, inflation surged to 4.7% in November from a year earlier, easily surpassing the first target, according to the Fed's preferred gauge. Most Fed officials said that the sharp drop in the unemployment rate in the second half of last year (to 3.9% in December), coupled with strong wage growth, almost achieved the second target.</p><p>Such an acknowledgement would allow the Fed to send its clearest signal yet that it is poised to rate hike by 25 basis points at its March 15-16 meeting.</p><p>Powell is likely to come under pressure on the outlook for inflation, which could affect the number of Fed rate hike. He put forward his latest ideas when he testified before Congress in January. He said that inflation remains high because of the imbalance between supply and demand.</p><p>Market strategists believe that recent market volatility is unlikely to prevent the Federal Reserve from making up to four rate hike this year. On Tuesday, the Dow Jones Industrial Average closed down 66 points, or 0.2%. A day earlier, the Dow Jones Industrial Average rebounded from a 1,115-point decline to modest gains.</p><p>The S&P500 and Nasdaq Composite also closed well below their intraday lows on Tuesday, but were still down 1.2% and 2.3%, respectively.</p><p><a href=\"https://laohu8.com/S/BLK\">BlackRock</a>\"We're in a tightening environment,\" said Rick Rieder of (BlackRock). \"Interest rates are going to be trending upward and volatility is going to be higher.\"</p><p>U.S. Treasury Bond yields surged at the start of the year amid expectations that the Federal Reserve will tighten monetary policy. The benchmark 10-year Treasury Bond yield was around 1.78% on Wednesday.</p><p>As for individual stocks,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Tech stocks rebounded in early trading after earnings. Microsoft shares jumped 5.5% after it issued better-than-expected quarterly revenue guidance.<a href=\"https://laohu8.com/S/AAPL\">Apple</a>(Apple),<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>(Amazon), Netflix and<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>(Nvidia) Shares Are Trending Higher.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Shares rose 4.2% as the electric vehicle company is scheduled to report earnings after the market closes.</p><p>Boeing's performance in the fourth quarter of last year fell short of expectations, falling 2%, and the pre-tax expenditure of the 787 Dreamliner project was $3.5 billion. Moderna rose 4.3% in early trading, rebounding after eight consecutive days of losses.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/55eb327f580527889cf30bafa92692ae","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147036450","content_text":"周三，投资者等待美联储（Federal Reserve）会议结果，美国股市开盘上涨，此前市场又经历一个疯狂的交易日。美联储本次会议预计将为2022年定下基调。道琼斯工业指数上涨约308点，涨幅0.9%。标准普尔500指数上涨1.5%。纳斯达克综合指数上涨2.5%。Pictet Asset Management首席策略师卢卡•保里尼（Luca Paolini）表示：“今天的焦点将是美联储，而新闻发布会的基调是重点。人们可能会认为，鉴于市场动荡和地缘政治紧张局势，美联储可能会缓和措辞。”衡量预期波动率的VIX指数下降2.8点，至28.4点，该指数有时被称为华尔街的恐慌指标。本周随着股市下跌，该指数上升。美联储将在周三结束为期两天的政策会议，并在当地时间下午发表声明。美联储预计不会做出任何政策调整，但投资者将寻找今年晚些时候美联储将在何时以及在多大程度上加息线索。市场参与者还将寻找美联储将采取进一步措施解除疫情时期援助的暗示。2020年3月，当疫情在全球爆发时，美联储将利率降至接近零的水平。2020年9月，美联储官员表示，他们将维持利率不变，直到通胀预期温和超过2%，直到劳动力市场回到与充分就业一致的水平。美联储可以利用周三会后声明宣布，它基本上实现这两个目标。按照美联储偏爱的指标，剔除波动较大的食品和能源类别，去年11月通胀率较上年同期飙升至4.7%，轻松超过第一个目标。大多数美联储官员表示，去年下半年失业率大幅下降（12月降至3.9%），再加上工资的强劲增长，几乎实现第二个目标。这样的承认将使美联储能够发出迄今最明确的信号，表明它准备在3月15日至16日的会议上加息25个基点。鲍威尔可能会在通胀前景问题上受到压力，这可能会影响美联储加息次数。他1月在国会作证时提出自己最新想法。他说，通货膨胀居高不下是因为供需失衡。市场策略师认为，近期市场波动不太可能阻止美联储今年加息至多四次。周二，道琼斯工业平均指数收盘下跌66点，跌幅0.2%。一天前，道琼斯工业指数从1115点下跌中反弹，小幅上涨。标准普尔500指数(S&P 500)和纳斯达克综合指数(Nasdaq Composite)周二收盘时也远低于盘中低点，但仍分别下跌1.2%和2.3%。贝莱德(BlackRock)的瑞德(Rick Rieder)表示:“我们正处于一个紧缩环境中。”“利率将呈上升趋势，波动性将会更高。”由于预期美联储将收紧货币政策，美国国债收益率在年初大幅飙升。周三基准的10年期国债收益率在1.78%左右。个股方面，微软发布财报后，科技股在早盘交易中反弹。微软发布好于预期的季度营收指引后，股价上涨5.5%。苹果(Apple)、亚马逊(Amazon)、Netflix和英伟达(Nvidia)股价纷纷走高。特斯拉股价上涨4.2%，这家电动汽车公司定于收盘后公布财报。波音公司去年四季度业绩不及预期，跌2%，787梦想飞机(787 Dreamliner)项目税前支出为35亿美元。Moderna在早盘交易中上涨4.3%，在连续8天下跌后出现反弹。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005958125,"gmtCreate":1642153982464,"gmtModify":1676533687205,"author":{"id":"3570833668911971","authorId":"3570833668911971","name":"Li Guixi","avatar":"https://static.tigerbbs.com/d47f140f55f4badb19ca06d16064de5b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570833668911971","idStr":"3570833668911971"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005958125","repostId":"1106363843","repostType":4,"repost":{"id":"1106363843","kind":"news","pubTimestamp":1642153329,"share":"https://ttm.financial/m/news/1106363843?lang=en_US&edition=fundamental","pubTime":"2022-01-14 17:42","market":"sh","language":"zh","title":"Chinese online \"metaverse\" story, capital is tired of hearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1106363843","media":"锌刻度","summary":"“元宇宙”罩不住中文在线了？被誉为“元宇宙”龙头之一的中文在线，这下尴尬了。2022年1月11日，中国移动通信联合会元宇宙产业委员会揭牌，接纳涉足“元宇宙”的8家上市公司，包括中青宝、天下秀、风语筑等","content":"<p><html><head></head><body><b>\"Metaverse\" can't cover it<a href=\"https://laohu8.com/S/300364\">Chinese Online</a>Have you done?</b>Chinese Online, known as one of the leaders of \"metaverse\", is embarrassing now.</p><p>January 11, 2022,<a href=\"https://laohu8.com/S/CHL\">China Mobile</a>The metaverse Industry Committee of the Communications Federation was unveiled to accept eight listed companies involved in \"metaverse\", including<a href=\"https://laohu8.com/S/300052\">Zhongqingbao</a>、<a href=\"https://laohu8.com/S/600556\">Tianxia Show</a>、<a href=\"https://laohu8.com/S/603466\">Feng Yuzhu</a>Waiting for the A-share \"metaverse\" concept leader, but Chinese Online is not seen.</p><p>What's even more subtle is that Chinese Online's performance has made a large pre-profit, but it has continued to plummet.</p><p>A few days ago, Chinese Online released its 2021 annual performance forecast. It is estimated that the full-year profit in 2021 will be 90 million to 110 million yuan, an increase of 84% to 125% from 48.9231 million yuan in the previous fiscal year. The company's \"literature +\" business revenue has increased, resulting in Net profit has increased significantly compared with the same period last year.</p><p>Unexpectedly, the stock price fell for four consecutive days after the announcement was released, with the first trading day plummeting 7.42%, the second trading day plummeting 8.33%, and the third trading day plummeting 8.11% shortly after the opening.</p><p>What is the logic behind Chinese Online's early release of positive results, but instead of rising but falling? Getting involved in \"metaverse\", what is the quality? The competition in the online literature market is fierce. What are the chances of Chinese online winning?</p><p><b>There is a mystery behind the popularity of \"metaverse\"</b></p><p>Generally speaking, the earlier the annual performance forecast time and the greater the increase in net profit, the easier it is to get the attention of funds. The performance of many stocks with large pre-profits is quite strong.</p><p>As a result, the trend of Chinese online is particularly eye-catching.</p><p>\"Before, Chinese Online was busy rubbing the popularity of 'metaverse', and the stock price rose too fast. The pre-profit did not rise but fell, which may be related to this.\" A private equity source said.</p><p>The private equity source further stated,<b>On the means of rubbing \"metaverse\", Chinese Online claims to be second, but no one dares to recognize the first</b>。</p><p>For a long time, the stock price of Chinese Online hovered between 5 yuan and 7 yuan. It was not until the actual controller made a meaningful move that the stock price made waves.</p><p>According to data from Aiqicha, Tong Zhilei, chairman of Chinese Online, is the largest shareholder and actual controller of Chinese Online, with a shareholding ratio of 13.71%.</p><p><img src=\"https://static.tigerbbs.com/a8e2f16a00cdbfceee965b0b7a7c0a7e\" tg-width=\"733\" tg-height=\"474\" referrerpolicy=\"no-referrer\"/></p><p>Source: Aiqicha</p><p>On October 14, 2021, Tong Zhilei announced that he planned to transfer no more than 3% of the company's total share capital to Guangzhou Xuanyuan Investment Management Co., Ltd.-Xuanyuan Yuanding No. 6 Private Securities Investment Fund in a block transaction, and Xuanyuan Yuanding The sole holder of the No. 6 Private Securities Investment Fund is Tong Zhilei.</p><p>It should be noted that this is not a simple left hand inverting right hand, and there is a mystery in it.</p><p>According to the relevant regulations of the China Securities Regulatory Commission, shareholders holding more than 5% of the shares must announce the reduction of their holdings in advance, while shareholders holding less than 5% do not need to comply with the above regulations, which means that if the reduction is more hidden.</p><p>After \"coincidence\", Chinese online frequently moved closer to \"metaverse\".</p><p>For example, on October 19, investors were replied: \"It can continue to provide metaverse with a large amount of IP and enrich the construction of a virtual world. The company is actively researching relevant directions.\"</p><p>For another example, on November 9th, I replied to investors: \"The company is optimistic about the future development of metaverse. metaverse is the company's long-term development strategy. The company has set up a team and invested relevant resources. At present, it has applied for trademarks such as Chinese metaverse, 17 metaverse, IP metaverse, April Day metaverse, etc.\" What's more, the \"Chinese metaverse Global Essay Contest\" was launched, with the highest prize of 1 million yuan, which set a precedent for the online literature industry to set foot in metaverse.</p><p>Against this background, fanatical funds have poured into Chinese Online.</p><p>And the stock price of Chinese Online is also like sitting on a \"rocket\", rising from 5.59 yuan on October 14, 2021 to 19.88 yuan on December 13, an increase of 225.64%, becoming the leader of the concept of metaverse side by side with Zhongqingbao.</p><p>After the stock price rose, the reduction of holdings came immediately.</p><p>Tus Huachuang, the eighth largest shareholder, announced the liquidation and reduction of 7,761,368 shares, and Tus Incubator announced the liquidation and reduction of 3,776,625 shares, both of which withdrew from the Chinese online shareholder sequence.</p><p>Thus,<b>It's hard to draw a conclusion about how much spark can be made between Chinese online and \"metaverse\", but it's easy to see at a glance that the relevant shareholders have made a lot of money.</b></p><p><b>Performance is picking up, but it has nothing to do with metaverse</b></p><p>In a word, the bubble superimposed on shareholder reduction has become the key to the wild leakage of Chinese Online's stock price, even if the performance is substantially pre-profit, it will not help.</p><p>In addition,<b>The pre-profit quality of Chinese online is also debatable.</b></p><p>Chinese Online also predicted: \"During the reporting period (2021), the impact of non-recurring gains and losses on the current net profit is expected to be approximately 84 million yuan.\"</p><p>The so-called non-recurring gains and losses, that is, non-main business income, such as the income from the sale of equity and the income from financial investment, are characterized by uncertainty, high volatility and non-sustainability.</p><p>In other words, Chinese Online's non-net profit (main business) in 2021 will only be 6 million to 26 million yuan.</p><p>According to financial report data, from 2017 to the first three quarters of 2021, Chinese Online's non-net profit deduction was 45.63 million yuan,-1.966 billion yuan,-645 million yuan,-46.4075 million yuan, and 12.84 million yuan respectively. Profitability has not yet returned to 2017 levels.</p><p><img src=\"https://static.tigerbbs.com/d215fbe6a66d6394a84a4e211ed63cb6\" tg-width=\"704\" tg-height=\"465\" referrerpolicy=\"no-referrer\"/></p><p>Profitability has not fully recovered yet</p><p><b>The reason for this has a lot to do with its cross-border failure.</b></p><p>According to public information, Chinese Online owns original online literature platforms such as 17K Novel Network, April Sky Novel Network, and Tangyuan Creation, and plays the role of a digital content provider.</p><p>It is not appropriate to make money in this line. From 2011 to 2016, the profitability did not change much, so in 2017, it spent 1.472 billion yuan and a premium of 5.26 times to acquire Chenzhike, cutting into the game field to seek the second curve.</p><p>Unexpectedly, this morning branch, which specializes in two-dimensional games, is not a good match.</p><p>From 2018 to 2020, Chenzhike's net profits were-89.0393 million yuan,-279 million yuan, and-13.1342 million yuan, respectively. Goodwill impairment, thus affecting profitability.</p><p><b>So, will the current involvement in \"metaverse\" repeat the same mistakes?</b></p><p>An industry insider told Zinc Scale: \"The actual business scope of Chinese Online has not changed, and the source of operating income and net profit has not changed. The relationship with 'metaverse' is just new wine in old bottles, which has long aroused doubts from the Shenzhen Stock Exchange.\"</p><p>The insider further stated that there is no advantage in Chinese online advancing into \"metaverse\": there are no technical barriers to online essay writing, which is easy to be imitated, and the manuscripts of essay writing activities do not require exclusivity; It is still early to adapt online articles into \"metaverse\" stories and film and television works. After all, the prototype of \"metaverse\" has not yet been decided. At present, the industry mainly focuses on the technical level.</p><p>\"Whether the application terminals involved in the metaverse are popular, whether the connection between virtual and real can be truly established, and whether there is a real landing scene is uncertain.\" Chinese Online also admits that the fundamentals have not changed significantly. \"The company has carried out the layout of metaverse, but it is still in the exploration and trial stage. There is great uncertainty in the future implementation progress of the project and whether it can achieve the company's expected results, and it will not have a significant impact on the company's short-term operating performance.\"</p><p>In other words,<b>The online Chinese story of \"metaverse\" is not as beautiful as it says.</b></p><p><b>Two-line battle, how can Chinese Online break through?</b></p><p>Leaving aside \"metaverse\", the competitive situation of Chinese online is not optimistic.</p><p>On the one hand,<b>The rise of free online texts has broken the pattern dominated by paid reading, and the dispute for free payment has become fierce.</b></p><p>Since the second half of 2018, mobile reading apps shouting the slogan of free reading, such as Qimao Novels, Tomato Novels, Shuqi Novels, and Fit Novels, have stepped in. With a large amount of free content, supplemented by cash reading incentives, they \"use money to open the way\" Reshape the dominant market of stolen novels in the past, and turn the background color of free novels from gray to white.</p><p>According to QuestMobile's 2020<a href=\"https://laohu8.com/S/600941\">China Mobile</a>According to the Internet Annual Report Part 2, in December 2020, the number of users in the free reading APP industry was 144 million, an increase of 22% from 118 million in the same period last year. The situation of paid online apps is just the opposite. The monthly active users in the industry dropped from 254 million in December 2019 to 219 million, a decrease of 13.7%. As a member of the paying camp, Chinese Online is naturally impacted.</p><p>Fortunately, Chinese Online and Qimao Novels have cooperated in digital content authorization, and indirectly enjoy the growth dividend of free novels to a certain extent.</p><p>On the other hand,<b>And its benchmark<a href=\"https://laohu8.com/S/603533\">Palm Reading Technology</a>Not to be underestimated, the two sides are in a dogfight.</b></p><p>According to the financial report of Palm Reading Technology, the operating income in the first three quarters of 2021 was 1.597 billion yuan, a year-on-year increase of 6.81%; Net profit was 149 million yuan, a year-on-year decrease of 10.46%; Non-net profit after deduction was 147 million yuan, a year-on-year decrease of 9.77%.</p><p>This means that the three major indicators of Zhangyue Technology's operating income, net profit and deduction of non-net profit are all much higher than those of Chinese Online, but the latter is more dominant when going overseas.</p><p>Chinese Online has a relatively rich overseas product line, with multiple platforms such as Chapters, Screen, Spotlight, and Kiss. Its operating income in the first half of 2021 will be 334 million yuan, while Palm Reading Technology mainly relies on the overseas version of iReader, and its operating income in the first half of 2021 will be 148 million yuan.</p><p><img src=\"https://static.tigerbbs.com/09710d821259c30452d6462bbbd00032\" tg-width=\"675\" tg-height=\"485\" referrerpolicy=\"no-referrer\"/></p><p>Chinese online popularity map</p><p>It should be noted that there are many giant platforms behind both sides of the confrontation.</p><p><a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/00700\">Tencent</a>With<a href=\"https://laohu8.com/S/00772\">Reading Group</a>As shareholders of Chinese Online, ByteDance and Bilibili have invested in Palm Reading Technology. With the blessing of the giants, it is difficult for this competition to reach the end in a short period of time.</p><p>All in all,<b>At a time when the competition in the field of online literature is becoming increasingly fierce, Chinese Online has devoted its energy to \"metaverse\", and it is impossible to give a conclusion whether it is correct or not. The only certainty is that if there is no performance support, no matter how good the concept is, it will be a rootless tree.</b></p><p>After all, a flash in the pan cannot last long.</p><p></body></html></p>","source":"lsy1568158634801","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>Chinese online \"metaverse\" story, capital is tired of hearing?</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\">\nChinese online \"metaverse\" story, capital is tired of hearing?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">锌刻度</strong><span class=\"h-time small\">2022-01-14 17:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>\"Metaverse\" can't cover it<a href=\"https://laohu8.com/S/300364\">Chinese Online</a>Have you done?</b>Chinese Online, known as one of the leaders of \"metaverse\", is embarrassing now.</p><p>January 11, 2022,<a href=\"https://laohu8.com/S/CHL\">China Mobile</a>The metaverse Industry Committee of the Communications Federation was unveiled to accept eight listed companies involved in \"metaverse\", including<a href=\"https://laohu8.com/S/300052\">Zhongqingbao</a>、<a href=\"https://laohu8.com/S/600556\">Tianxia Show</a>、<a href=\"https://laohu8.com/S/603466\">Feng Yuzhu</a>Waiting for the A-share \"metaverse\" concept leader, but Chinese Online is not seen.</p><p>What's even more subtle is that Chinese Online's performance has made a large pre-profit, but it has continued to plummet.</p><p>A few days ago, Chinese Online released its 2021 annual performance forecast. It is estimated that the full-year profit in 2021 will be 90 million to 110 million yuan, an increase of 84% to 125% from 48.9231 million yuan in the previous fiscal year. The company's \"literature +\" business revenue has increased, resulting in Net profit has increased significantly compared with the same period last year.</p><p>Unexpectedly, the stock price fell for four consecutive days after the announcement was released, with the first trading day plummeting 7.42%, the second trading day plummeting 8.33%, and the third trading day plummeting 8.11% shortly after the opening.</p><p>What is the logic behind Chinese Online's early release of positive results, but instead of rising but falling? Getting involved in \"metaverse\", what is the quality? The competition in the online literature market is fierce. What are the chances of Chinese online winning?</p><p><b>There is a mystery behind the popularity of \"metaverse\"</b></p><p>Generally speaking, the earlier the annual performance forecast time and the greater the increase in net profit, the easier it is to get the attention of funds. The performance of many stocks with large pre-profits is quite strong.</p><p>As a result, the trend of Chinese online is particularly eye-catching.</p><p>\"Before, Chinese Online was busy rubbing the popularity of 'metaverse', and the stock price rose too fast. The pre-profit did not rise but fell, which may be related to this.\" A private equity source said.</p><p>The private equity source further stated,<b>On the means of rubbing \"metaverse\", Chinese Online claims to be second, but no one dares to recognize the first</b>。</p><p>For a long time, the stock price of Chinese Online hovered between 5 yuan and 7 yuan. It was not until the actual controller made a meaningful move that the stock price made waves.</p><p>According to data from Aiqicha, Tong Zhilei, chairman of Chinese Online, is the largest shareholder and actual controller of Chinese Online, with a shareholding ratio of 13.71%.</p><p><img src=\"https://static.tigerbbs.com/a8e2f16a00cdbfceee965b0b7a7c0a7e\" tg-width=\"733\" tg-height=\"474\" referrerpolicy=\"no-referrer\"/></p><p>Source: Aiqicha</p><p>On October 14, 2021, Tong Zhilei announced that he planned to transfer no more than 3% of the company's total share capital to Guangzhou Xuanyuan Investment Management Co., Ltd.-Xuanyuan Yuanding No. 6 Private Securities Investment Fund in a block transaction, and Xuanyuan Yuanding The sole holder of the No. 6 Private Securities Investment Fund is Tong Zhilei.</p><p>It should be noted that this is not a simple left hand inverting right hand, and there is a mystery in it.</p><p>According to the relevant regulations of the China Securities Regulatory Commission, shareholders holding more than 5% of the shares must announce the reduction of their holdings in advance, while shareholders holding less than 5% do not need to comply with the above regulations, which means that if the reduction is more hidden.</p><p>After \"coincidence\", Chinese online frequently moved closer to \"metaverse\".</p><p>For example, on October 19, investors were replied: \"It can continue to provide metaverse with a large amount of IP and enrich the construction of a virtual world. The company is actively researching relevant directions.\"</p><p>For another example, on November 9th, I replied to investors: \"The company is optimistic about the future development of metaverse. metaverse is the company's long-term development strategy. The company has set up a team and invested relevant resources. At present, it has applied for trademarks such as Chinese metaverse, 17 metaverse, IP metaverse, April Day metaverse, etc.\" What's more, the \"Chinese metaverse Global Essay Contest\" was launched, with the highest prize of 1 million yuan, which set a precedent for the online literature industry to set foot in metaverse.</p><p>Against this background, fanatical funds have poured into Chinese Online.</p><p>And the stock price of Chinese Online is also like sitting on a \"rocket\", rising from 5.59 yuan on October 14, 2021 to 19.88 yuan on December 13, an increase of 225.64%, becoming the leader of the concept of metaverse side by side with Zhongqingbao.</p><p>After the stock price rose, the reduction of holdings came immediately.</p><p>Tus Huachuang, the eighth largest shareholder, announced the liquidation and reduction of 7,761,368 shares, and Tus Incubator announced the liquidation and reduction of 3,776,625 shares, both of which withdrew from the Chinese online shareholder sequence.</p><p>Thus,<b>It's hard to draw a conclusion about how much spark can be made between Chinese online and \"metaverse\", but it's easy to see at a glance that the relevant shareholders have made a lot of money.</b></p><p><b>Performance is picking up, but it has nothing to do with metaverse</b></p><p>In a word, the bubble superimposed on shareholder reduction has become the key to the wild leakage of Chinese Online's stock price, even if the performance is substantially pre-profit, it will not help.</p><p>In addition,<b>The pre-profit quality of Chinese online is also debatable.</b></p><p>Chinese Online also predicted: \"During the reporting period (2021), the impact of non-recurring gains and losses on the current net profit is expected to be approximately 84 million yuan.\"</p><p>The so-called non-recurring gains and losses, that is, non-main business income, such as the income from the sale of equity and the income from financial investment, are characterized by uncertainty, high volatility and non-sustainability.</p><p>In other words, Chinese Online's non-net profit (main business) in 2021 will only be 6 million to 26 million yuan.</p><p>According to financial report data, from 2017 to the first three quarters of 2021, Chinese Online's non-net profit deduction was 45.63 million yuan,-1.966 billion yuan,-645 million yuan,-46.4075 million yuan, and 12.84 million yuan respectively. Profitability has not yet returned to 2017 levels.</p><p><img src=\"https://static.tigerbbs.com/d215fbe6a66d6394a84a4e211ed63cb6\" tg-width=\"704\" tg-height=\"465\" referrerpolicy=\"no-referrer\"/></p><p>Profitability has not fully recovered yet</p><p><b>The reason for this has a lot to do with its cross-border failure.</b></p><p>According to public information, Chinese Online owns original online literature platforms such as 17K Novel Network, April Sky Novel Network, and Tangyuan Creation, and plays the role of a digital content provider.</p><p>It is not appropriate to make money in this line. From 2011 to 2016, the profitability did not change much, so in 2017, it spent 1.472 billion yuan and a premium of 5.26 times to acquire Chenzhike, cutting into the game field to seek the second curve.</p><p>Unexpectedly, this morning branch, which specializes in two-dimensional games, is not a good match.</p><p>From 2018 to 2020, Chenzhike's net profits were-89.0393 million yuan,-279 million yuan, and-13.1342 million yuan, respectively. Goodwill impairment, thus affecting profitability.</p><p><b>So, will the current involvement in \"metaverse\" repeat the same mistakes?</b></p><p>An industry insider told Zinc Scale: \"The actual business scope of Chinese Online has not changed, and the source of operating income and net profit has not changed. The relationship with 'metaverse' is just new wine in old bottles, which has long aroused doubts from the Shenzhen Stock Exchange.\"</p><p>The insider further stated that there is no advantage in Chinese online advancing into \"metaverse\": there are no technical barriers to online essay writing, which is easy to be imitated, and the manuscripts of essay writing activities do not require exclusivity; It is still early to adapt online articles into \"metaverse\" stories and film and television works. After all, the prototype of \"metaverse\" has not yet been decided. At present, the industry mainly focuses on the technical level.</p><p>\"Whether the application terminals involved in the metaverse are popular, whether the connection between virtual and real can be truly established, and whether there is a real landing scene is uncertain.\" Chinese Online also admits that the fundamentals have not changed significantly. \"The company has carried out the layout of metaverse, but it is still in the exploration and trial stage. There is great uncertainty in the future implementation progress of the project and whether it can achieve the company's expected results, and it will not have a significant impact on the company's short-term operating performance.\"</p><p>In other words,<b>The online Chinese story of \"metaverse\" is not as beautiful as it says.</b></p><p><b>Two-line battle, how can Chinese Online break through?</b></p><p>Leaving aside \"metaverse\", the competitive situation of Chinese online is not optimistic.</p><p>On the one hand,<b>The rise of free online texts has broken the pattern dominated by paid reading, and the dispute for free payment has become fierce.</b></p><p>Since the second half of 2018, mobile reading apps shouting the slogan of free reading, such as Qimao Novels, Tomato Novels, Shuqi Novels, and Fit Novels, have stepped in. With a large amount of free content, supplemented by cash reading incentives, they \"use money to open the way\" Reshape the dominant market of stolen novels in the past, and turn the background color of free novels from gray to white.</p><p>According to QuestMobile's 2020<a href=\"https://laohu8.com/S/600941\">China Mobile</a>According to the Internet Annual Report Part 2, in December 2020, the number of users in the free reading APP industry was 144 million, an increase of 22% from 118 million in the same period last year. The situation of paid online apps is just the opposite. The monthly active users in the industry dropped from 254 million in December 2019 to 219 million, a decrease of 13.7%. As a member of the paying camp, Chinese Online is naturally impacted.</p><p>Fortunately, Chinese Online and Qimao Novels have cooperated in digital content authorization, and indirectly enjoy the growth dividend of free novels to a certain extent.</p><p>On the other hand,<b>And its benchmark<a href=\"https://laohu8.com/S/603533\">Palm Reading Technology</a>Not to be underestimated, the two sides are in a dogfight.</b></p><p>According to the financial report of Palm Reading Technology, the operating income in the first three quarters of 2021 was 1.597 billion yuan, a year-on-year increase of 6.81%; Net profit was 149 million yuan, a year-on-year decrease of 10.46%; Non-net profit after deduction was 147 million yuan, a year-on-year decrease of 9.77%.</p><p>This means that the three major indicators of Zhangyue Technology's operating income, net profit and deduction of non-net profit are all much higher than those of Chinese Online, but the latter is more dominant when going overseas.</p><p>Chinese Online has a relatively rich overseas product line, with multiple platforms such as Chapters, Screen, Spotlight, and Kiss. Its operating income in the first half of 2021 will be 334 million yuan, while Palm Reading Technology mainly relies on the overseas version of iReader, and its operating income in the first half of 2021 will be 148 million yuan.</p><p><img src=\"https://static.tigerbbs.com/09710d821259c30452d6462bbbd00032\" tg-width=\"675\" tg-height=\"485\" referrerpolicy=\"no-referrer\"/></p><p>Chinese online popularity map</p><p>It should be noted that there are many giant platforms behind both sides of the confrontation.</p><p><a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/00700\">Tencent</a>With<a href=\"https://laohu8.com/S/00772\">Reading Group</a>As shareholders of Chinese Online, ByteDance and Bilibili have invested in Palm Reading Technology. With the blessing of the giants, it is difficult for this competition to reach the end in a short period of time.</p><p>All in all,<b>At a time when the competition in the field of online literature is becoming increasingly fierce, Chinese Online has devoted its energy to \"metaverse\", and it is impossible to give a conclusion whether it is correct or not. The only certainty is that if there is no performance support, no matter how good the concept is, it will be a rootless tree.</b></p><p>After all, a flash in the pan cannot last long.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/bpAZS7d6aIk7IkESp6AL5w\">锌刻度</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4d12ba6d4abafb70216f4d41c63dd343","relate_stocks":{"300364":"中文在线"},"source_url":"https://mp.weixin.qq.com/s/bpAZS7d6aIk7IkESp6AL5w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106363843","content_text":"“元宇宙”罩不住中文在线了？被誉为“元宇宙”龙头之一的中文在线，这下尴尬了。2022年1月11日，中国移动通信联合会元宇宙产业委员会揭牌，接纳涉足“元宇宙”的8家上市公司，包括中青宝、天下秀、风语筑等A股“元宇宙”概念龙头，却不见中文在线的身影。更为微妙的是，中文在线的业绩大幅预盈，却持续暴跌。日前，中文在线发布2021年度业绩预告，预计2021年全年盈利9000万元~11000万元，比上一个财年的4892.31万元增长84%~125%，公司“文学+”业务收入增长，致净利润较上年同期有大幅增长。万万没想到，预告发布之后股价连跌四天，其中第一个交易日暴跌7.42%，第二个交易日暴跌8.33%，第三个交易日开盘不久就暴跌8.11%。中文在线早早发布业绩利好，不涨反跌的背后是何逻辑？涉足“元宇宙”，到底成色几何？网文市场竞争白热化，中文在线又有几分胜算？蹭“元宇宙”热度，背后大有玄机一般而言，年度业绩预告时间越靠前、净利润增幅越大，就越容易获得资金的关注，多只大幅预盈的股票表现的相当坚挺。如此一来，中文在线的走势格外扎眼。“之前，中文在线忙于蹭‘元宇宙’热度，股价过快上涨，预盈不涨反跌或与此有关。”一名私募人士如是说。该私募人士进一步表示，论蹭“元宇宙”的手段，中文在线称第二，无人敢认第一。相当长一段时间，中文在线的股价在5元~7元徘徊，直到实际控制人有了意味深长的动作，股价才起了波澜。据爱企查数据显示，中文在线董事长童之磊为中文在线的第一大股东及实际控制人，持股比例为13.71%。图源：爱企查2021年10月14日，童之磊宣布拟以大宗交易的方式转让不超过公司总股本3%的股份给广州市玄元投资管理有限公司—玄元元定6号私募证券投资基金，而玄元元定6号私募证券投资基金的唯一持有人正是童之磊。需要注意的是，这不是简单的左手倒右手，其中大有玄机。按照证监会的相关规定，持股5%以上股东减持必须提前公告，而持股比例低于5%则不用遵守上述规定，这意味着如若减持更为隐蔽。“巧合”之后，中文在线频频向“元宇宙”靠拢。譬如，10月19日答复投资者：“可为元宇宙持续提供海量的IP，丰富构建虚拟世界，公司在积极研究相关方向”。再譬如，11月9日答复投资者：“公司看好元宇宙未来的发展，元宇宙是公司长期发展战略，公司已成立团队并投入相关资源，目前已申请如中文元宇宙、17元宇宙、IP元宇宙、四月天元宇宙等商标。”更绝的是，发起“中文元宇宙全球征文大赛”，最高奖高达100万元，开了网文行业涉足元宇宙的先河。此背景下，狂热的资金纷纷涌入中文在线。而中文在线的股价也犹如坐上了“火箭”，从2021年10月14日的5.59元一路上扬至12月13日的19.88元，涨幅高达225.64%，与中青宝并肩成为元宇宙概念的龙头。股价抬高之后，减持随即而来。第八大股东启迪华创宣布清仓减持7761368股，启迪孵化器宣布清仓减持3776625股，双双退出中文在线股东序列。由此可见，中文在线与“元宇宙”可以擦出多大的火花，现在不好下定论，但相关股东借此赚得盆满钵满却是一看便知。业绩回暖，但跟元宇宙没有一毛钱关系一言以蔽之，泡沫化叠加股东减持，成为中文在线股价狂泄的关键所在，哪怕业绩大幅预盈也不济于是。另外，中文在线的预盈成色也值得商榷。中文在线也预告：“（2021年）报告期内，预计非经常性损益对当期净利润的影响金额约为8400万元。”所谓非经常性损益，即非主业收入，譬如出售股权带来的收益、金融投资带来的收益等，具有不确定性、高波动性、非持续性等特点。换而言之，中文在线2021年扣非净利润（主业）只有600万元~2600万元。据财报数据显示，2017年~2021年前三季度，中文在线扣非净利润分别为4563万元、-19.66亿元、-6.45亿元、-4640.75万元、1284万元，也就是说中文在线的盈利能力还没有恢复到2017年的水准。盈利能力还没完全恢复之所以如此，与其跨界失败有莫大的关系。据公开资料显示，中文在线旗下拥有17K小说网、四月天小说网、汤圆创作等网络文学原创平台，扮演的是数字内容提供商的角色。这一行赚钱不宜，2011年~2016年盈利能力变化不大，遂于2017年耗资14.72亿元、溢价5.26倍收购晨之科，切入游戏领域以寻求第二曲线。万万没想到的是，这家主打二次元游戏的晨之科并非良配。2018年~2020年，晨之科的净利润分别为-8903.93万元、-2.79亿元、-1313.42万元，非常没有成为新的增长极，反而成为中文在线的累赘，导致其不得不进行巨额商誉减值，从而影响了盈利能力。那么，当下涉足“元宇宙”会重蹈覆辙吗？一名业内人士告诉锌刻度：“中文在线的实际业务范畴未变，营业收入与净利润的来源未变，与‘元宇宙’扯上关系不过是旧瓶装新酒，早就引起深交所的质疑。”该业内人士进一步表示，中文在线挺进“元宇宙”的打法并无优势：网络征文并无技术壁垒，极易被模仿，且征文活动的稿件并未要求排他性；网文改编为“元宇宙”故事及影视作品尚早，毕竟“元宇宙”的雏形都还没有定下来，目前行业主要聚焦技术层面。“元宇宙所涉及的应用终端是否普及，能否真正建立虚拟和现实的联系，以及是否有真实的落地场景，存在不确定性。”中文在线也坦承基本面未发生重大变化，“公司已经进行元宇宙的布局，但仍处于探索尝试阶段，项目未来的实施进度以及能否达到公司预计的效果，存在较大的不确定性，且对公司短期经营业绩不构成重大影响。”换而言之，中文在线的“元宇宙”故事，没有其说那么动听。两线作战，中文在线如何突围？抛开“元宇宙”不谈，中文在线的竞争势态并不乐观。一方面，免费网文兴起，打破付费阅读为主导的格局，免费付费之争白热化。自2018年下半年，七猫小说、番茄小说、书旗小说、飞度小说等喊着免费阅读口号的移动阅读APP横插一脚，凭借大量免费内容，并辅以现金阅读激励，“用钱开路”重塑昔日盗文主导市场，将免费小说的底色由灰转白。据QuestMobile发布的《2020中国移动互联网年度大报告·下》显示，2020年12月，免费阅读APP行业用户规模1.44亿，较上年同期的1.18亿，增长了22%。付费网文APP的状况正好相反，行业月活跃用户从2019年12月的2.54亿，下滑到2.19亿，降幅13.7%。作为付费阵营一员的中文在线，自然也受到冲击。所幸，中文在线与七猫小说在数字内容授权展开了合作，也在一定程度上间接享受到免费小说的成长红利。另外一方面，与其对标的掌阅科技不容小觑，双方呈现缠斗之势。据掌阅科技财报显示，2021年前三季度营业收入为15.97亿元，同比增长6.81%；净利润为1.49亿元，同比下滑10.46%；扣非净利润为1.47亿元，同比下滑9.77%。这意味着，掌阅科技的营业收入、净利润与扣非净利润这三大指标均高了中文在线一大截，不过后者出海上更为占优。中文在线的出海产品线较为丰富，拥有Chapters、Screen、Spotlight、Kiss等多个平台，2021年上半年营业收入为3.34亿元，而掌阅科技主要依赖iReader海外版，2021年上半年营业收入为1.48亿元。中文在线的人气图需要注意的是，对垒的双方背后都不乏巨头站台。百度、腾讯与阅文集团为中文在线的股东，而字节跳动、B站入股了掌阅科技，巨头们加持之下，这场竞赛短时间内难入终局。总而言之，在网文领域竞争愈发激烈之际，中文在线将精力倾注于“元宇宙”，是否正确尚无法给出结论，唯一确定的是如若没有业绩支撑，再好的概念也是无根之木。毕竟，昙花一现，不能持久。","news_type":1,"symbols_score_info":{"300364":0.9}},"isVote":1,"tweetType":1,"viewCount":2287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834843279,"gmtCreate":1629792852891,"gmtModify":1676530132663,"author":{"id":"3570833668911971","authorId":"3570833668911971","name":"Li 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