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- OKTanOKTan
  ·2021-02-20
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  Chinese grocery app Xingsheng Youxuan raises $2 bln in new funding round - sources
  HONG KONG, Feb 19 (Reuters) - Chinese community groceryshopping app Xingsheng Youxuan has raised abo
  Chinese grocery app Xingsheng Youxuan raises $2 bln in new funding round - sources
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- OKTanOKTan
  ·2021-02-20
  Awesome
  Elon Musk On Why Tesla Invested in Bitcoin, Not Dogecoin
  Tesla Inc CEO Elon Musk said on Thursday gave an indication on why the electric vehicle maker invest
  Elon Musk On Why Tesla Invested in Bitcoin, Not Dogecoin
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Internet and gaming giant TencentHoldings, which is an early backer of XingshengYouxuan, also invested in this round, one of them said.</p>\n<p>The fundraising, signed just before the Lunar New Year, wasled by Sequoia Capital China and has also attracted propertydeveloper China Evergrande Group and Singapore'ssovereign wealth fund Temasek, said a separate personwith direct knowledge.</p>\n<p>Xingsheng Youxuan's spokesman Li Hao declined to commentwhen contacted by Reuters. Representatives for Sequoia China,FountainVest and Tencent declined to comment. Primavera, KKR,Temasek and Evergrande did not immediately respond to queriesfor comment.</p>\n<p>All the people declined to be named as the information hasnot been publicly announced.</p>\n<p>The fundraising comes as demand for grocery delivery inChina has surged over the past year as more consumers order fromthe comfort of their homes due to COVID-19 social distancingrestrictions.</p>\n<p>However, regulators said in December they would tightenoversight of the community group buying sector, which allowsgroups of local residents to get discounts by buying together inbulk, urging internet giants not to compete for market sharewith unreasonably low prices.</p>\n<p>Headquartered in central China's Hunan province,three-year-old Xingsheng Youxuan delivers online bulk orders tooffline grocery stores located inside or near residentialcommunities.</p>\n<p>It now runs the service in 13 provinces and municipalities,covering more than 6,000 counties and over 30,000 towns,according to its website.</p>\n<p>With more than 8 million daily orders, Xingsheng Youxuanestimated it had a gross merchandise value of 40 billion yuan($6.18 billion) in 2020, the website said.</p>\n<p>In December, Chinese e-commerce retailer JD.Com saidit would invest $700 million in the company.</p>\n<p>Xingsheng Youxuan's investors also include U.S. investmentfirm Tiger Global Management, according to its website.</p>\n<p>($1 = 6.4698 Chinese yuan)(Reporting by Kane Wu in Hong Kong and Yingzhi Yang and SophieYu in Beijing; Editing by Jacqueline Wong)</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>Chinese grocery app Xingsheng Youxuan raises $2 bln in new funding round - sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese grocery app Xingsheng Youxuan raises $2 bln in new funding round - sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-19 14:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, Feb 19 (Reuters) - Chinese community groceryshopping app Xingsheng Youxuan has raised about $2 billion in anew funding round that values the company at $6 billion prior tothe fresh capital injection, three people with knowledge of thematter told Reuters.</p>\n<p>Private equity firms FountainVest Partners, PrimaveraCapital Group and KKR &amp; Co are among investors in thisround, two sources said. Internet and gaming giant TencentHoldings, which is an early backer of XingshengYouxuan, also invested in this round, one of them said.</p>\n<p>The fundraising, signed just before the Lunar New Year, wasled by Sequoia Capital China and has also attracted propertydeveloper China Evergrande Group and Singapore'ssovereign wealth fund Temasek, said a separate personwith direct knowledge.</p>\n<p>Xingsheng Youxuan's spokesman Li Hao declined to commentwhen contacted by Reuters. Representatives for Sequoia China,FountainVest and Tencent declined to comment. Primavera, KKR,Temasek and Evergrande did not immediately respond to queriesfor comment.</p>\n<p>All the people declined to be named as the information hasnot been publicly announced.</p>\n<p>The fundraising comes as demand for grocery delivery inChina has surged over the past year as more consumers order fromthe comfort of their homes due to COVID-19 social distancingrestrictions.</p>\n<p>However, regulators said in December they would tightenoversight of the community group buying sector, which allowsgroups of local residents to get discounts by buying together inbulk, urging internet giants not to compete for market sharewith unreasonably low prices.</p>\n<p>Headquartered in central China's Hunan province,three-year-old Xingsheng Youxuan delivers online bulk orders tooffline grocery stores located inside or near residentialcommunities.</p>\n<p>It now runs the service in 13 provinces and municipalities,covering more than 6,000 counties and over 30,000 towns,according to its website.</p>\n<p>With more than 8 million daily orders, Xingsheng Youxuanestimated it had a gross merchandise value of 40 billion yuan($6.18 billion) in 2020, the website said.</p>\n<p>In December, Chinese e-commerce retailer JD.Com saidit would invest $700 million in the company.</p>\n<p>Xingsheng Youxuan's investors also include U.S. investmentfirm Tiger Global Management, according to its website.</p>\n<p>($1 = 6.4698 Chinese yuan)(Reporting by Kane Wu in Hong Kong and Yingzhi Yang and SophieYu in Beijing; Editing by Jacqueline Wong)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163973263","content_text":"HONG KONG, Feb 19 (Reuters) - Chinese community groceryshopping app Xingsheng Youxuan has raised about $2 billion in anew funding round that values the company at $6 billion prior tothe fresh capital injection, three people with knowledge of thematter told Reuters.\nPrivate equity firms FountainVest Partners, PrimaveraCapital Group and KKR & Co are among investors in thisround, two sources said. Internet and gaming giant TencentHoldings, which is an early backer of XingshengYouxuan, also invested in this round, one of them said.\nThe fundraising, signed just before the Lunar New Year, wasled by Sequoia Capital China and has also attracted propertydeveloper China Evergrande Group and Singapore'ssovereign wealth fund Temasek, said a separate personwith direct knowledge.\nXingsheng Youxuan's spokesman Li Hao declined to commentwhen contacted by Reuters. Representatives for Sequoia China,FountainVest and Tencent declined to comment. Primavera, KKR,Temasek and Evergrande did not immediately respond to queriesfor comment.\nAll the people declined to be named as the information hasnot been publicly announced.\nThe fundraising comes as demand for grocery delivery inChina has surged over the past year as more consumers order fromthe comfort of their homes due to COVID-19 social distancingrestrictions.\nHowever, regulators said in December they would tightenoversight of the community group buying sector, which allowsgroups of local residents to get discounts by buying together inbulk, urging internet giants not to compete for market sharewith unreasonably low prices.\nHeadquartered in central China's Hunan province,three-year-old Xingsheng Youxuan delivers online bulk orders tooffline grocery stores located inside or near residentialcommunities.\nIt now runs the service in 13 provinces and municipalities,covering more than 6,000 counties and over 30,000 towns,according to its website.\nWith more than 8 million daily orders, Xingsheng Youxuanestimated it had a gross merchandise value of 40 billion yuan($6.18 billion) in 2020, the website said.\nIn December, Chinese e-commerce retailer JD.Com saidit would invest $700 million in the company.\nXingsheng Youxuan's investors also include U.S. investmentfirm Tiger Global Management, according to its website.\n($1 = 6.4698 Chinese yuan)(Reporting by Kane Wu in Hong Kong and Yingzhi Yang and SophieYu in Beijing; Editing by Jacqueline Wong)","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360020178,"gmtCreate":1613797762294,"gmtModify":1704885163122,"author":{"id":"3575622214615606","authorId":"3575622214615606","name":"OKTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575622214615606","authorIdStr":"3575622214615606"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360020178","repostId":"2112819819","repostType":4,"repost":{"id":"2112819819","pubTimestamp":1613705895,"share":"https://ttm.financial/m/news/2112819819?lang=&edition=fundamental","pubTime":"2021-02-19 11:38","market":"us","language":"en","title":"Elon Musk On Why Tesla Invested in Bitcoin, Not Dogecoin","url":"https://stock-news.laohu8.com/highlight/detail?id=2112819819","media":"Benzinga","summary":"Tesla Inc CEO Elon Musk said on Thursday gave an indication on why the electric vehicle maker invest","content":"<p><img src=\"https://static.tigerbbs.com/47d2dba471cf214ac1236cf1b74b8d50\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"><b>Tesla Inc </b>CEO Elon Musk said on Thursday gave an indication on why the electric vehicle maker invested in<b> Bitcoin</b> (BTC) and not&nbsp;<b>Dogecoin</b> (DOGE) — a meme cryptocurrency&nbsp;often at the center of his tweets.,</p>\n<p><b>What Happened: </b>The entrepreneur was&nbsp;responding&nbsp;to a tweet that contained comments by Changpeng Zhao, CEO of Binance where the latter said while he was “surprised that Elon's so gung-ho on Dogecoin,” it was worth noting Tesla's actual investment came in Bitcoin.</p>\n<p>Musk said Tesla's investments are not \"directly reflective of my opinion.\" The Tesla CEO&nbsp;added that Bitcoin, which he describes as \"simply a less dumb form of liquidity than cash,\"&nbsp;is \"adventurous enough for an S&amp;P500 company,\" let alone Dogecoin.</p>\n<blockquote>\n To be clear, I am *not* an investor, I am an engineer. I don’t even own any publicly traded stock besides Tesla.However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere.Bitcoin is almost as bs as fiat money. The key word is “almost”.— Elon Musk (@elonmusk) February 19, 2021\n</blockquote>\n<p>Reflecting on his personal stance, Musk noted he is an \"engineer\" and not an \"investor.\"</p>\n<p>“I don’t even own any publicly traded stock besides Tesla,” the billionaire entrepreneur wrote.</p>\n<p>The apex cryptocurrency also came under some criticism from the executive who said “Bitcoin is almost as bs as fiat money. The key word is 'almost.'”</p>\n<p><b>Why It Matters: </b>This month Tesla invested .5 billion in Bitcoin and said it expected to accept the cryptocurrency for payments in the near future.</p>\n<p>Musk said in an appearance on the Clubhouse app that he was a “supporter of Bitcoin.”</p>\n<p>Comments on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> by Musk have at times fueled spikes in the price of the Shiba Inu-themed DOGE.</p>\n<p>BTC hit an all-time high of $51,335.23 on Wednesday buoyed by Tesla’s purchase of the cryptocurrency and heightened institutional interest from other investors like <b><a href=\"https://laohu8.com/S/MSTR\">MicroStrategy Incorporated</a></b> (NASDAQ: MSTR).</p>\n<p>BTC traded 1.39% lower at $51,332.92 at press time, while DOGE traded 11.05% higher at $0.058.</p>\n<p><b>Price Action: </b>Tesla shares closed 1.35% lower at $787.38 on Thursday and fell 0.54% in the after-hours session.</p>","source":"yahoofinance","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>Elon Musk On Why Tesla Invested in Bitcoin, Not Dogecoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk On Why Tesla Invested in Bitcoin, Not Dogecoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/elon-musk-why-tesla-invested-033815999.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc CEO Elon Musk said on Thursday gave an indication on why the electric vehicle maker invested in Bitcoin (BTC) and not Dogecoin (DOGE) — a meme cryptocurrency often at the center of his ...</p>\n\n<a href=\"https://finance.yahoo.com/news/elon-musk-why-tesla-invested-033815999.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/159dda514c10396afe3d3318e8c3916e","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/elon-musk-why-tesla-invested-033815999.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2112819819","content_text":"Tesla Inc CEO Elon Musk said on Thursday gave an indication on why the electric vehicle maker invested in Bitcoin (BTC) and not Dogecoin (DOGE) — a meme cryptocurrency often at the center of his tweets.,\nWhat Happened: The entrepreneur was responding to a tweet that contained comments by Changpeng Zhao, CEO of Binance where the latter said while he was “surprised that Elon's so gung-ho on Dogecoin,” it was worth noting Tesla's actual investment came in Bitcoin.\nMusk said Tesla's investments are not \"directly reflective of my opinion.\" The Tesla CEO added that Bitcoin, which he describes as \"simply a less dumb form of liquidity than cash,\" is \"adventurous enough for an S&P500 company,\" let alone Dogecoin.\n\n To be clear, I am *not* an investor, I am an engineer. I don’t even own any publicly traded stock besides Tesla.However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere.Bitcoin is almost as bs as fiat money. The key word is “almost”.— Elon Musk (@elonmusk) February 19, 2021\n\nReflecting on his personal stance, Musk noted he is an \"engineer\" and not an \"investor.\"\n“I don’t even own any publicly traded stock besides Tesla,” the billionaire entrepreneur wrote.\nThe apex cryptocurrency also came under some criticism from the executive who said “Bitcoin is almost as bs as fiat money. The key word is 'almost.'”\nWhy It Matters: This month Tesla invested .5 billion in Bitcoin and said it expected to accept the cryptocurrency for payments in the near future.\nMusk said in an appearance on the Clubhouse app that he was a “supporter of Bitcoin.”\nComments on Twitter by Musk have at times fueled spikes in the price of the Shiba Inu-themed DOGE.\nBTC hit an all-time high of $51,335.23 on Wednesday buoyed by Tesla’s purchase of the cryptocurrency and heightened institutional interest from other investors like MicroStrategy Incorporated (NASDAQ: MSTR).\nBTC traded 1.39% lower at $51,332.92 at press time, while DOGE traded 11.05% higher at $0.058.\nPrice Action: Tesla shares closed 1.35% lower at $787.38 on Thursday and fell 0.54% in the after-hours session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}