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heng5644
heng5644
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2021-03-19
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What will happen to Pinduoduo in the "post-Huang Zheng era"? Here's JPMorgan's View
本周发布去年四季度业绩的拼多多，给了市场一个“惊天大雷”：黄峥辞去董事长职务。 虽然市场早有预期黄峥在卸任CEO之后也会卸任董事长，但没想到来得这么快。财报发布后，拼多多股价一路崩跌。 “后黄峥时代”
What will happen to Pinduoduo in the "post-Huang Zheng era"? Here's JPMorgan's View
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heng5644
heng5644
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2021-03-19
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Monitor car owners? Tesla says no vehicles in the Chinese market have in-car cameras turned on
针对近日网络上出现关于“特斯拉通过车内摄像头监控车主”的讨论，为消除不必要的误解，特斯拉中国说明称，特斯拉用户使用的车辆不存在通过车内摄像头侵犯用户个人隐私的行为。所有中国市场上的特斯拉用户车辆均未开
Monitor car owners? Tesla says no vehicles in the Chinese market have in-car cameras turned on
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heng5644
heng5644
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2021-03-09
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Planning to go public in three places? XPeng Motors is rumored to consider IPO on the Science and Technology Innovation Board
3月9日，资本邦了解到，据知情人士透露，小鹏汽车考虑在上交所科创板上市。 上周，小鹏汽车副董事长兼总裁顾宏地曾表示：“长期而言，像我们这样以消费者为中心的公司，与国内资本市场和国内投资者建立联系是有帮
Planning to go public in three places? XPeng Motors is rumored to consider IPO on the Science and Technology Innovation Board
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heng5644
heng5644
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2021-02-24
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Hong Kong plans to raise stamp duty on stock transactions from 0.1% to 0.13%
周三午后开盘，受香港计划提高股票交易印花税消息的影响，港股市场全线下挫，南向资金午后净卖出达100亿元！$香港交易所$股价直线下挫，一度跌超12%，为2015年来最大跌幅！同时，恒生指数跌2.7%，恒生科技指数跌超5%。消息面上，香港特区政府财政司司长陈茂波宣布：香港计划将股票交易印花税由目前的0.1%提高至0.13%。从全球来看，香港是仍对股票交易征税的少数主要市场之一。
Hong Kong plans to raise stamp duty on stock transactions from 0.1% to 0.13%
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heng5644
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2021-02-21
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16:59","market":"us","language":"zh","title":"What will happen to Pinduoduo in the \"post-Huang Zheng era\"? Here's JPMorgan's View","url":"https://stock-news.laohu8.com/highlight/detail?id=2120913581","media":"华尔街见闻","summary":"本周发布去年四季度业绩的拼多多，给了市场一个“惊天大雷”：黄峥辞去董事长职务。\n虽然市场早有预期黄峥在卸任CEO之后也会卸任董事长，但没想到来得这么快。财报发布后，拼多多股价一路崩跌。\n“后黄峥时代”","content":"<p>This week, the fourth quarter results of last year were released<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>, gave the market a \"shocking thunder\": Huang Zheng resigned as chairman.</p><p>Although the market had long expected that Huang Zheng would step down as chairman after stepping down as CEO, he didn't expect it to come so soon. After the financial report was released, Pinduoduo's stock price collapsed all the way.</p><p>What kind of situation is Pinduoduo facing in the \"post-Huang Zheng era\"?</p><p><h2>Transformation of Pinduoduo's business model</h2><b>In<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>It seems that the biggest change in Pinduoduo today is the transformation from light assets to heavy assets.</b></p><p>JPMorgan believes that Pinduoduo is changing from an asset-light 3P e-commerce (i.e. third-party seller) to an asset-heavy 1P e-commerce (i.e. supplier seller).</p><p>What do you mean? Simply put, many merchants will not or are unwilling to open stores on Pinduoduo, but Pinduoduo does not want to lose the users and consumption brought by these merchants and products, so Pinduoduo will go to these merchants to purchase goods by itself, and then sell them on Pinduoduo.</p><p>In this way, natural Pinduoduo's assets have become heavier. Simply put, before selling these products, Pinduoduo must purchase goods first, which will put certain pressure on cash flow. Subsequent warehousing, losses, etc. will also increase costs.</p><p><b>Nevertheless, JPMorgan believes Pinduoduo's move is still a wise move, mainly because Pinduoduo's ARPU (average revenue per user) is only<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>One-fifth of.</b></p><p>The reason why Pinduoduo's ARPU is far lower than that of its peers is that on the one hand, Pinduoduo's main battlefield is in rural areas and low-tier cities, and the spending power of users is relatively low. On the other hand, many big and famous brands are unwilling to open stores on Pinduoduo.</p><p><b>JPMorgan believes that if Pinduoduo's strategy can bring new profits to the company, Pinduoduo must strengthen its offline layout, including agents, logistics management, warehousing management and so on.</b></p><p><b>Now, before Huang Zheng left Pinduoduo, and Pinduoduo did not have clear relevant data on these offline layouts, JPMorgan believes that this may have a short-term impact on the company's stock price.</b></p><p><h2>How to understand Pinduoduo in the future?</h2>JPMorgan said Pinduoduo's results in the coming quarters will be critical in whether Pinduoduo can further expand its total available market (TAM, Total Addressable Market)</p><p><b>In JPMorgan's view, when Pinduoduo's annual active users have surpassed Alibaba's, the growth of users is no longer an important indicator for investors. JPMorgan suggested that investors need to pay attention to Pinduoduo's ARPU and the results of Pinduoduo's strategy to capture a larger market share.</b></p><p><b>In terms of financial indicators, JPMorgan Chase believes that Pinduoduo's 1P e-commerce business and Duoduo grocery shopping business may distort the company's revenue in the future. Therefore, the more important indicator should be the net profit or net loss in a single quarter, as a more important indicator to examine Pinduoduo's return on investment.</b></p><p>After considering the 1P e-commerce business, JPMorgan Chase raised Pinduoduo's revenue forecast for this year and next year respectively, with growth rates of 35% and 75% respectively (assuming that the growth rate of non-1P business can reach 60%).</p><p>JPMorgan expects the company to reach breakeven in the second half of 2022, a year later than previously expected. At the same time, the bank predicts that Pinduoduo will suffer a net loss of 10 billion yuan this year.</p><p><h2>What is the impact of Huang Zheng's sudden resignation?</h2>Regarding Huang Zheng's resignation as chairman, JPMorgan Chase believes that this may bring two risks to Pinduoduo.</p><p><b>The first aspect is whether the management after Huang Zheng left can continue to implement Pinduoduo's new strategy.</b></p><p><b>The second risk is whether the new management team can adapt and respond to unpredictable risks in a timely manner as Pinduoduo faces a more severe external competition and regulatory environment.</b></p><p>Considering these two risk points, JPMorgan Chase believes that due to Huang Zheng's departure, investors may be worried about the long-term prospects of Pinduoduo's stock price, thus bringing a discount to the stock price.</p><p>For the above reasons, JPMorgan Chase lowered its 12-month price target on Pinduoduo from $200 to $190.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What will happen to Pinduoduo in the \"post-Huang Zheng era\"? 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Here's JPMorgan's View\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-03-19 16:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p>This week, the fourth quarter results of last year were released<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>, gave the market a \"shocking thunder\": Huang Zheng resigned as chairman.</p><p>Although the market had long expected that Huang Zheng would step down as chairman after stepping down as CEO, he didn't expect it to come so soon. After the financial report was released, Pinduoduo's stock price collapsed all the way.</p><p>What kind of situation is Pinduoduo facing in the \"post-Huang Zheng era\"?</p><p><h2>Transformation of Pinduoduo's business model</h2><b>In<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>It seems that the biggest change in Pinduoduo today is the transformation from light assets to heavy assets.</b></p><p>JPMorgan believes that Pinduoduo is changing from an asset-light 3P e-commerce (i.e. third-party seller) to an asset-heavy 1P e-commerce (i.e. supplier seller).</p><p>What do you mean? Simply put, many merchants will not or are unwilling to open stores on Pinduoduo, but Pinduoduo does not want to lose the users and consumption brought by these merchants and products, so Pinduoduo will go to these merchants to purchase goods by itself, and then sell them on Pinduoduo.</p><p>In this way, natural Pinduoduo's assets have become heavier. Simply put, before selling these products, Pinduoduo must purchase goods first, which will put certain pressure on cash flow. Subsequent warehousing, losses, etc. will also increase costs.</p><p><b>Nevertheless, JPMorgan believes Pinduoduo's move is still a wise move, mainly because Pinduoduo's ARPU (average revenue per user) is only<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>One-fifth of.</b></p><p>The reason why Pinduoduo's ARPU is far lower than that of its peers is that on the one hand, Pinduoduo's main battlefield is in rural areas and low-tier cities, and the spending power of users is relatively low. On the other hand, many big and famous brands are unwilling to open stores on Pinduoduo.</p><p><b>JPMorgan believes that if Pinduoduo's strategy can bring new profits to the company, Pinduoduo must strengthen its offline layout, including agents, logistics management, warehousing management and so on.</b></p><p><b>Now, before Huang Zheng left Pinduoduo, and Pinduoduo did not have clear relevant data on these offline layouts, JPMorgan believes that this may have a short-term impact on the company's stock price.</b></p><p><h2>How to understand Pinduoduo in the future?</h2>JPMorgan said Pinduoduo's results in the coming quarters will be critical in whether Pinduoduo can further expand its total available market (TAM, Total Addressable Market)</p><p><b>In JPMorgan's view, when Pinduoduo's annual active users have surpassed Alibaba's, the growth of users is no longer an important indicator for investors. JPMorgan suggested that investors need to pay attention to Pinduoduo's ARPU and the results of Pinduoduo's strategy to capture a larger market share.</b></p><p><b>In terms of financial indicators, JPMorgan Chase believes that Pinduoduo's 1P e-commerce business and Duoduo grocery shopping business may distort the company's revenue in the future. Therefore, the more important indicator should be the net profit or net loss in a single quarter, as a more important indicator to examine Pinduoduo's return on investment.</b></p><p>After considering the 1P e-commerce business, JPMorgan Chase raised Pinduoduo's revenue forecast for this year and next year respectively, with growth rates of 35% and 75% respectively (assuming that the growth rate of non-1P business can reach 60%).</p><p>JPMorgan expects the company to reach breakeven in the second half of 2022, a year later than previously expected. At the same time, the bank predicts that Pinduoduo will suffer a net loss of 10 billion yuan this year.</p><p><h2>What is the impact of Huang Zheng's sudden resignation?</h2>Regarding Huang Zheng's resignation as chairman, JPMorgan Chase believes that this may bring two risks to Pinduoduo.</p><p><b>The first aspect is whether the management after Huang Zheng left can continue to implement Pinduoduo's new strategy.</b></p><p><b>The second risk is whether the new management team can adapt and respond to unpredictable risks in a timely manner as Pinduoduo faces a more severe external competition and regulatory environment.</b></p><p>Considering these two risk points, JPMorgan Chase believes that due to Huang Zheng's departure, investors may be worried about the long-term prospects of Pinduoduo's stock price, thus bringing a discount to the stock price.</p><p>For the above reasons, JPMorgan Chase lowered its 12-month price target on Pinduoduo from $200 to $190.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3624332\">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/6ae592b8e0da3ebec267f267bb1d6bdf","relate_stocks":{"PDD":"拼多多","JPM":"摩根大通"},"source_url":"https://wallstreetcn.com/articles/3624332","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120913581","content_text":"本周发布去年四季度业绩的拼多多，给了市场一个“惊天大雷”：黄峥辞去董事长职务。\n虽然市场早有预期黄峥在卸任CEO之后也会卸任董事长，但没想到来得这么快。财报发布后，拼多多股价一路崩跌。\n“后黄峥时代”的拼多多，面临怎么样的局面？\n拼多多商业模式的转变\n在摩根大通看来，拼多多如今最大的变化是，从轻资产到重资产的转变。\n摩根大通认为，拼多多正在从一个轻资产的3P电商（即第三方卖家）转变为一个重资产的1P电商（即供应商卖家）。\n什么意思呢？简单来说，就是很多商家，不会或者不愿意在拼多多上开设店铺，但是拼多多也不想失去这部分商家和商品带来的用户和消费，那么拼多多就自己去这些商家采购商品，然后在拼多多上贩售。\n如此，自然拼多多的资产就重了起来，简单来说，在卖出去这些产品之前，拼多多必须要先采购到商品，对现金流会形成一定压力。之后的仓储、损耗等也会增加成本。\n尽管如此，摩根大通认为，拼多多此举依然是明智之举，主要理由是，拼多多的ARPU（每用户平均收入）只有阿里巴巴的五分之一。\n之所以拼多多的ARPU远远低于同行，一方面是因为拼多多的主战场在乡村和低线城市，用户的消费能力相对较低，另一方面，很多大牌、名牌不愿意在拼多多上开店。\n摩根大通认为，拼多多的这一策略如果能够为公司带来新的利润，拼多多就必须加强线下布局，其中包括代理商、物流管理、仓储管理等等。\n如今，黄峥离开拼多多台前，加上拼多多在这些线下布局上还没有明确的相关数据，摩根大通认为，这可能对公司股价带来短期影响。\n未来如何理解拼多多？\n摩根大通称，未来几个季度拼多多的业绩将至关重要，关系到拼多多是否能够进一步扩大其可用市场总量（TAM, Total Addressable Market)。\n在摩根大通看来，当拼多多的年活跃用户数已经超过阿里时，用户数的增长对投资者来说已经不再是一个重要的指标。摩根大通建议，投资者需要关注拼多多的ARPU，以及拼多多为占据更大市场份额而采取的策略所取得的成效。\n在财务指标上，摩根大通认为，未来拼多多1P电商业务和多多买菜业务可能会令公司的营收扭曲，因此，更重要的指标应该是单季度的净利润或净亏损，以此来作为考察拼多多投资回报率的更重要指标。\n在考虑了1P电商业务之后，摩根大通分别上调拼多多今年和明年的营收预期，增速分别为35%和75%（假设条件是非1P业务的增速能达到60%）。\n摩根大通预计，公司能够在2022年下半年达到盈亏平衡，这比之前的预期晚了一年，同时该行预测，拼多多在今年将净亏损100亿元。\n黄峥突然离职，有什么影响？\n对于黄峥辞去董事长一职，摩根大通认为，这可能带给拼多多两方面的风险。\n第一方面是，黄峥离开后的管理层，能否继续执行拼多多新的策略。\n第二个风险是，当下的拼多多，面临更为严峻的外部竞争和监管环境，新的管理团队能否适应并且对不可预测的风险做出及时回应。\n考虑到这两个风险点，摩根大通认为，由于黄峥的离任，投资者可能会对拼多多股价的长远前景有所担忧，从而给股价带来折让。\n基于上述原因，摩根大通将拼多多12个月目标价从200美元下调至190美元。","news_type":1,"symbols_score_info":{"JPM":0.9,"PDD":0.9}},"isVote":1,"tweetType":1,"viewCount":2420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350981323,"gmtCreate":1616149383262,"gmtModify":1704791553953,"author":{"id":"3570862331735900","authorId":"3570862331735900","name":"heng5644","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570862331735900","idStr":"3570862331735900"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/350981323","repostId":"1160413220","repostType":4,"repost":{"id":"1160413220","kind":"news","pubTimestamp":1616146097,"share":"https://ttm.financial/m/news/1160413220?lang=en_US&edition=fundamental","pubTime":"2021-03-19 17:28","market":"us","language":"zh","title":"Monitor car owners? Tesla says no vehicles in the Chinese market have in-car cameras turned on","url":"https://stock-news.laohu8.com/highlight/detail?id=1160413220","media":"中国证券网","summary":"针对近日网络上出现关于“特斯拉通过车内摄像头监控车主”的讨论，为消除不必要的误解，特斯拉中国说明称，特斯拉用户使用的车辆不存在通过车内摄像头侵犯用户个人隐私的行为。所有中国市场上的特斯拉用户车辆均未开","content":"<p><div>In response to the recent discussion on the Internet about \"Tesla monitors car owners through in-car cameras\", in order to eliminate unnecessary misunderstandings, Tesla China stated that the vehicles used by Tesla users do not violate users through in-car cameras. Personal privacy behavior. All Tesla user vehicles in the Chinese market do not have in-car cameras turned on, nor are they involved in FSD Beta testing. Tesla China stated that Tesla's privacy protection policy complies with Chinese laws and regulations. Tesla attaches great importance to the protection of user privacy. Tesla is equipped with a world-leading network security system to ensure user privacy protection.</p><p><a href=\"http://news.cnstock.com/news,bwkx-202103-4674648.htm\">Web link</a></div></p>","source":"zgzxw","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>Monitor car owners? Tesla says no vehicles in the Chinese market have in-car cameras turned on</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\">\nMonitor car owners? Tesla says no vehicles in the Chinese market have in-car cameras turned on\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">中国证券网</strong><span class=\"h-time small\">2021-03-19 17:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>In response to the recent discussion on the Internet about \"Tesla monitors car owners through in-car cameras\", in order to eliminate unnecessary misunderstandings, Tesla China stated that the vehicles used by Tesla users do not violate users through in-car cameras. Personal privacy behavior. All Tesla user vehicles in the Chinese market do not have in-car cameras turned on, nor are they involved in FSD Beta testing. Tesla China stated that Tesla's privacy protection policy complies with Chinese laws and regulations. Tesla attaches great importance to the protection of user privacy. Tesla is equipped with a world-leading network security system to ensure user privacy protection.</p><p><a href=\"http://news.cnstock.com/news,bwkx-202103-4674648.htm\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://news.cnstock.com/news,bwkx-202103-4674648.htm\">中国证券网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b4edcd70007a48ee832e76f61e110854","relate_stocks":{"TSLA":"特斯拉"},"source_url":"http://news.cnstock.com/news,bwkx-202103-4674648.htm","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160413220","content_text":"针对近日网络上出现关于“特斯拉通过车内摄像头监控车主”的讨论，为消除不必要的误解，特斯拉中国说明称，特斯拉用户使用的车辆不存在通过车内摄像头侵犯用户个人隐私的行为。所有中国市场上的特斯拉用户车辆均未开启车内摄像头，也不涉及FSD Beta测试。\n特斯拉中国表示，特斯拉的隐私保护政策遵守中国的法律法规，特斯拉高度重视用户隐私的保护，特斯拉配备了安全等级全球领先的网络安全体系以确保用户隐私保护。","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323094433,"gmtCreate":1615286683322,"gmtModify":1704780613009,"author":{"id":"3570862331735900","authorId":"3570862331735900","name":"heng5644","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570862331735900","idStr":"3570862331735900"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323094433","repostId":"2118034612","repostType":4,"repost":{"id":"2118034612","kind":"news","pubTimestamp":1615282832,"share":"https://ttm.financial/m/news/2118034612?lang=en_US&edition=fundamental","pubTime":"2021-03-09 17:40","market":"us","language":"zh","title":"Planning to go public in three places? XPeng Motors is rumored to consider IPO on the Science and Technology Innovation Board","url":"https://stock-news.laohu8.com/highlight/detail?id=2118034612","media":"资本邦","summary":"3月9日，资本邦了解到，据知情人士透露，小鹏汽车考虑在上交所科创板上市。\n上周，小鹏汽车副董事长兼总裁顾宏地曾表示：“长期而言，像我们这样以消费者为中心的公司，与国内资本市场和国内投资者建立联系是有帮","content":"<p>On March 9, Capital State learned that, according to informed sources,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Consider listing on the Science and Technology Innovation Board of Shanghai Stock Exchange.</p><p>Last week, Gu Hongdi, vice chairman and president of XPeng Motor, said: \"In the long run, it is helpful for a consumer-centric company like ours to establish contacts with domestic capital markets and domestic investors.\"</p><p>It is understood that XPeng Motor was listed on the US stock market in August 2020. According to market news, XPeng Motors, Nio Motors and<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It is reported that discussions are under way with several banks to issue shares in Hong Kong.</p>","source":"chinaipo_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Planning to go public in three places? XPeng Motors is rumored to consider IPO on the Science and Technology Innovation Board</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\">\nPlanning to go public in three places? XPeng Motors is rumored to consider IPO on the Science and Technology Innovation Board\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">资本邦</strong><span class=\"h-time small\">2021-03-09 17:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On March 9, Capital State learned that, according to informed sources,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Consider listing on the Science and Technology Innovation Board of Shanghai Stock Exchange.</p><p>Last week, Gu Hongdi, vice chairman and president of XPeng Motor, said: \"In the long run, it is helpful for a consumer-centric company like ours to establish contacts with domestic capital markets and domestic investors.\"</p><p>It is understood that XPeng Motor was listed on the US stock market in August 2020. According to market news, XPeng Motors, Nio Motors and<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It is reported that discussions are under way with several banks to issue shares in Hong Kong.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.chinaipo.com/news/144007.html\">资本邦</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":{"XPEV":"小鹏汽车"},"source_url":"https://www.chinaipo.com/news/144007.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118034612","content_text":"3月9日，资本邦了解到，据知情人士透露，小鹏汽车考虑在上交所科创板上市。\n上周，小鹏汽车副董事长兼总裁顾宏地曾表示：“长期而言，像我们这样以消费者为中心的公司，与国内资本市场和国内投资者建立联系是有帮助的。”\n据了解，小鹏汽车于2020年8月美股上市。据市场消息，小鹏汽车、蔚来汽车和理想汽车据悉正在与数家银行商讨在香港发行股份。","news_type":1,"symbols_score_info":{"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":2135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363246241,"gmtCreate":1614146314283,"gmtModify":1704888718705,"author":{"id":"3570862331735900","authorId":"3570862331735900","name":"heng5644","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570862331735900","idStr":"3570862331735900"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363246241","repostId":"1181116380","repostType":4,"repost":{"id":"1181116380","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614141715,"share":"https://ttm.financial/m/news/1181116380?lang=en_US&edition=fundamental","pubTime":"2021-02-24 12:41","market":"hk","language":"zh","title":"Hong Kong plans to raise stamp duty on stock transactions from 0.1% to 0.13%","url":"https://stock-news.laohu8.com/highlight/detail?id=1181116380","media":"老虎资讯综合","summary":"周三午后开盘，受香港计划提高股票交易印花税消息的影响，港股市场全线下挫，南向资金午后净卖出达100亿元！$香港交易所$股价直线下挫，一度跌超12%，为2015年来最大跌幅！同时，恒生指数跌2.7%，恒生科技指数跌超5%。消息面上，香港特区政府财政司司长陈茂波宣布：香港计划将股票交易印花税由目前的0.1%提高至0.13%。从全球来看，香港是仍对股票交易征税的少数主要市场之一。","content":"<p>On Wednesday afternoon, the Hong Kong stock market fell across the board due to the news that Hong Kong plans to raise stamp duty on stock transactions.<b>The net sales of southbound funds reached 10 billion yuan in the afternoon!</b></p><p><img src=\"https://static.tigerbbs.com/889e6d95357d7d8d524e8cba6bb8ec22\" tg-width=\"353\" tg-height=\"440\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/00388\">HKEX</a>The stock price plummeted, once falling more than 12%.<b>The biggest drop since 2015!</b></p><p><img src=\"https://static.tigerbbs.com/30e9b87e00e34cb5f8176432829456fa\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>At the same time, the Hang Seng Index fell 2.7%, and the Hang Seng Technology Index fell more than 5%. The constituent stocks of the Hang Seng Technology Index all fell,<a href=\"https://laohu8.com/S/02013\">Weimob Group</a>Fell more than 9%,<a href=\"https://laohu8.com/S/03888\">Kingsoft</a>Fell more than 10%,<a href=\"https://laohu8.com/S/01024\">Kuaishou</a>、<a href=\"https://laohu8.com/S/02400\">Xindong Company</a>Fell more than 8%.</p><p><img src=\"https://static.tigerbbs.com/bed475e4bf45f9028e898c0a780e0d1c\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>On the news, Chen Maobo, Financial Secretary of the Hong Kong SAR Government, announced that Hong Kong plans to increase the stamp duty on stock transactions from the current 0.1% to 0.13%.</b></p><p>After fully considering the impact on the securities market and international competitiveness, we decided to submit a bill to adjust the stamp duty rate on stocks, from the current 0.1% payable by buyers and sellers based on the transaction amount to 0.13%, Chen Maobo said. The government will continue to make every effort to implement various measures to develop the securities market, so as to develop Hong Kong's financial industry to a higher level.</p><p>Affected by the current economic environment and the pandemic, businesses and citizens generally still face considerable financial pressure. I don't think it is appropriate to adjust the profits tax and salaries tax rates, which are the main sources of revenue of the government, at present. However, the Government will continue to review and make adjustments when appropriate.</p><p>In 2020/21, the revised budget of government revenue is 543.5 billion yuan, which is 5.1% lower than the original budget, that is, 29 billion yuan, mainly because the revenue from land premiums is less than expected. The estimated stamp duty revenue is 92 billion yuan, an increase of 16.5% over the revised estimate of last year.</p><p><b>Related background</b></p><p>As early as October 2017, the Hong Kong Stock Exchange had all rumors of adjusting the stamp duty on stock transactions. However, at that time, it was rumored that the Hong Kong Stock Exchange asked the government to reduce or even cancel the stamp duty to promote stock transactions and strengthen activity.</p><p>Globally, Hong Kong is one of the few major markets that still taxes stock trading.</p><p>The United States stopped levying stamp duty on securities transactions as early as 1966, Germany also stopped levying this tax in 1991, Japan abolished all negotiable instrument transfer tax and transaction tax including stamp duty on April 1, 1999, and Singapore abolished stock stamp duty on June 30, 2000.</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>Hong Kong plans to raise stamp duty on stock transactions from 0.1% to 0.13%</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\">\nHong Kong plans to raise stamp duty on stock transactions from 0.1% to 0.13%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-02-24 12:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Wednesday afternoon, the Hong Kong stock market fell across the board due to the news that Hong Kong plans to raise stamp duty on stock transactions.<b>The net sales of southbound funds reached 10 billion yuan in the afternoon!</b></p><p><img src=\"https://static.tigerbbs.com/889e6d95357d7d8d524e8cba6bb8ec22\" tg-width=\"353\" tg-height=\"440\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/00388\">HKEX</a>The stock price plummeted, once falling more than 12%.<b>The biggest drop since 2015!</b></p><p><img src=\"https://static.tigerbbs.com/30e9b87e00e34cb5f8176432829456fa\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>At the same time, the Hang Seng Index fell 2.7%, and the Hang Seng Technology Index fell more than 5%. The constituent stocks of the Hang Seng Technology Index all fell,<a href=\"https://laohu8.com/S/02013\">Weimob Group</a>Fell more than 9%,<a href=\"https://laohu8.com/S/03888\">Kingsoft</a>Fell more than 10%,<a href=\"https://laohu8.com/S/01024\">Kuaishou</a>、<a href=\"https://laohu8.com/S/02400\">Xindong Company</a>Fell more than 8%.</p><p><img src=\"https://static.tigerbbs.com/bed475e4bf45f9028e898c0a780e0d1c\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>On the news, Chen Maobo, Financial Secretary of the Hong Kong SAR Government, announced that Hong Kong plans to increase the stamp duty on stock transactions from the current 0.1% to 0.13%.</b></p><p>After fully considering the impact on the securities market and international competitiveness, we decided to submit a bill to adjust the stamp duty rate on stocks, from the current 0.1% payable by buyers and sellers based on the transaction amount to 0.13%, Chen Maobo said. The government will continue to make every effort to implement various measures to develop the securities market, so as to develop Hong Kong's financial industry to a higher level.</p><p>Affected by the current economic environment and the pandemic, businesses and citizens generally still face considerable financial pressure. I don't think it is appropriate to adjust the profits tax and salaries tax rates, which are the main sources of revenue of the government, at present. However, the Government will continue to review and make adjustments when appropriate.</p><p>In 2020/21, the revised budget of government revenue is 543.5 billion yuan, which is 5.1% lower than the original budget, that is, 29 billion yuan, mainly because the revenue from land premiums is less than expected. The estimated stamp duty revenue is 92 billion yuan, an increase of 16.5% over the revised estimate of last year.</p><p><b>Related background</b></p><p>As early as October 2017, the Hong Kong Stock Exchange had all rumors of adjusting the stamp duty on stock transactions. However, at that time, it was rumored that the Hong Kong Stock Exchange asked the government to reduce or even cancel the stamp duty to promote stock transactions and strengthen activity.</p><p>Globally, Hong Kong is one of the few major markets that still taxes stock trading.</p><p>The United States stopped levying stamp duty on securities transactions as early as 1966, Germany also stopped levying this tax in 1991, Japan abolished all negotiable instrument transfer tax and transaction tax including stamp duty on April 1, 1999, and Singapore abolished stock stamp duty on June 30, 2000.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f617bff86cb832841f26dc2719218046","relate_stocks":{"00388":"香港交易所","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181116380","content_text":"周三午后开盘，受香港计划提高股票交易印花税消息的影响，港股市场全线下挫，南向资金午后净卖出达100亿元！香港交易所股价直线下挫，一度跌超12%，为2015年来最大跌幅！同时，恒生指数跌2.7%，恒生科技指数跌超5%。恒生科技指数成分股齐挫，微盟集团跌超9%，金山软件跌超10%，快手、心动公司跌超8%。消息面上，香港特区政府财政司司长陈茂波宣布：香港计划将股票交易印花税由目前的0.1%提高至0.13%。陈茂波表示：我们充分考虑对证券市场和国际竞争力的影响后，决定提交法案调整股票印花税税率，由现时买卖双方按交易金额各付百分之零点一，提高至百分之零点一三。政府将继续全力推行各项发展证券市场的措施，将香港的金融业发展至更高的台阶。受当前的经济环境及疫情影响，企业和市民普遍仍面对相当的财政压力。我认为目前不适宜调整作为政府主要收入来源的利得税及薪俸税税率。不过，政府会持续审视，在适当时作出调整。2020／21年度，政府收入的修订预算为五千四百三十五亿元，较原来预算低百分之五点一，即二百九十亿元，主因是地价的收入较预期少。印花税收入预算为九百二十亿元，较上年度修订预算上升百分之十六点五。相关背景早在2017年10月份，港交所有过调整股票交易印花税的传闻，不过当时传港交所要求政府降低甚至取消印花税，以促进股票交易，加强活跃程度。从全球来看，香港是仍对股票交易征税的少数主要市场之一。美国早在1966年时便停止征收证券交易印花税，德国的该税种也在1991年时停止征收，日本在1999年4月1日取消了包括印花税在内的所有流通票据转让税和交易税，2000年6月30日，新加坡取消股票印花税。","news_type":1,"symbols_score_info":{"00388":0.9,"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":1812,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360602204,"gmtCreate":1613895606008,"gmtModify":1704885771100,"author":{"id":"3570862331735900","authorId":"3570862331735900","name":"heng5644","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570862331735900","idStr":"3570862331735900"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360602204","repostId":"1129445314","repostType":4,"isVote":1,"tweetType":1,"viewCount":1864,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}