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Yafong
Yafong
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2021-08-11
Wa
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Yafong
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2021-08-11
Wa
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Yafong
Yafong
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2021-08-04
G
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Yafong
Yafong
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2021-08-03
ICC
Dalio: Don't be scared away by the recent correction in Chinese concept stocks.
近期中概股和A股市场出现明显波动，但桥水基创始人达里奥表示，投资者不应该对市场短期波动感到忧虑而卖出中国资产，最终错过中国经济发展的红利。 桥水基金达里奥在其社交媒体账号上撰文称，近期中国政策出现了新
Dalio: Don't be scared away by the recent correction in Chinese concept stocks.
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Yafong
Yafong
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2021-08-03
Good
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Yafong
Yafong
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2021-08-01
Hao
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Yafong
Yafong
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2021-08-01
W
Rumors circulate that Wumart Technology's Hong Kong IPO may be postponed.
据《彭博通讯社》引述消息称，内地连锁百货经营商物美科技在香港上市的计划或面临押後，因公司正在解答港交所 在IPO审查阶段对其业务经营所提出的问题。早前市场消息称，物美科技计划筹集10亿美元，去年有传物美目标集资10亿至20亿美元。官网资料显示，物美集团成立於1994年，旗下有美廉美、新华百货、浙江供销、百安居、奥士凯物美、崇菜物美、圣熙八号、京北大世界等多个品牌，业务涉及零售贸易、电子商务、互联网/物联网科技、物流运输等。(da/k)~阿思达克财经新闻网址: www.aastocks.com
Rumors circulate that Wumart Technology's Hong Kong IPO may be postponed.
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Yafong
Yafong
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2021-08-01
Good
By betting on Jidu Auto, how far can Baidu's car-making dream fly?
起了个大早赶了个晚集 百度自动驾驶不再想成为汽车的“灵魂”了？ 在上汽集团董事长陈虹提出要把“灵魂”掌握在自己手中后不久，百度自动驾驶产品运营部总监徐宝强近期在接受媒体采访时表示：“百度现在的发展方
By betting on Jidu Auto, how far can Baidu's car-making dream fly?
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Yafong
Yafong
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2021-07-30
hello
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Yafong
Yafong
·
2021-07-29
hi
ServiceNow beats earnings estimates on strength of subscriptions
Citing "strong demand across all regions and workflows," ServiceNow Inc. on Wednesday reported quart
ServiceNow beats earnings estimates on strength of subscriptions
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actually unnecessary.</p><p>Dalio's original text is as follows (slightly edited):</p><p>I understand that those who don't know much about China are confused about what is happening. Since I first came into contact with China 36 years ago, I have found that many Western observers have not had direct contact with Chinese policymakers, nor have they kept up with the changes in the Chinese model in a timely manner. They tend not to believe that China is truly using the market to develop its economy. Therefore, these international investors have misunderstood the recent Chinese government's regulation of the industry and ignored the trend of developing a market economy over the past 40 years. As a result, these investors have missed out on China's development in recent decades and will also miss out on investment opportunities in China now and in the future.</p><p>In this context, it is understandable that policymakers are signaling to Didi that continuing to go public may not be the best approach and that they want to address data privacy issues. In the case of tutoring companies, Chinese authorities want to reduce educational inequality and ease the financial burden on those who desperately want their children to receive these services but cannot afford them. Chinese policymakers believe that these changes will make the country better.</p><p>I remember there were many similar misunderstandings. For example, I remember that in 2015, overseas investors also had many doubts about A-shares. I remember that in 2015-2016, the People's Bank of China widened the range of the RMB exchange rate, which led to a depreciation of the RMB exchange rate. This led many investors to view these developments as evidence that policymakers were abandoning the development of capital markets.</p><p>Some discerning investors consider these measures inappropriate and turn a blind eye to government intervention in mainstream capital market countries. In fact, China's market regulation is negligible compared to the fiscal stimulus and monetary policy interventions in the United States and other developed market countries. Through timely policy adjustments, Chinese policymakers have successfully managed the economy and markets and achieved their goals. China's course of action has never changed, consistently supporting the rapid and stable development of its capital market, its entrepreneurial spirit, and its openness to foreign investors. Therefore, I encourage everyone to pay attention to trends and not to misunderstand or pay excessive attention to volatility.</p><p>To understand what happened, one needs to understand that China operates capitalism for the benefit of the majority, and that policymakers will not allow the sensitivity of capital markets and capital to harm the fundamental interests of the people. Capital must understand all this, otherwise it will suffer the consequences of being wrong.</p><p>International investors also need to understand that Chinese regulators are developing appropriate regulatory measures in China's rapidly developing capital market environment. Therefore, when regulatory measures change rapidly, it can lead to some misunderstandings.</p><p>In addition, international investors need to understand changes in the global geopolitical environment, which may lead to some regulatory changes in China. For example, investors can see this in the policy shifts of the U.S. government, such as changing the policy on Chinese companies listing in the United States and threatening to ban U.S. pension funds from investing in China.</p><p>If something similar happens in the future, investors should make corresponding investment adjustments, but they should not mistake these fluctuations for changes in trends, nor should they expect China's capital market to be exactly the same as Western capital markets.</p><p>Speaking of which, I do agree that Chinese policymakers could increase communication and provide more explanations for the changing regulatory measures.</p><p>As for investing, whether in China or the United States, there are both opportunities and risks, and both should be an important part of the portfolio. Finally, I urge investors not to miss investment opportunities in China by misinterpreting recent regulatory measures as a reversal of trends that have existed for decades.</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>Dalio: Don't be scared away by the recent correction in Chinese concept stocks.</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\">\nDalio: Don't be scared away by the recent correction in Chinese concept stocks.\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\">2021-08-03 11:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Recently, the Chinese concept stocks and A-share markets have experienced significant fluctuations, but Dalio, founder of Qiaoshui Fund, said that investors should not worry about short-term market fluctuations and sell Chinese assets, ultimately missing out on the benefits of China's economic development.</p><p>Bridgewater Associates' Dalio wrote on his social media account that there have been new developments in China policy recently, including...<a href=\"https://laohu8.com/S/DIDI\">Didi</a>The scrutiny of travel and the rectification of educational and training institutions have raised concerns among overseas investors, but such concerns are actually unnecessary.</p><p>Dalio's original text is as follows (slightly edited):</p><p>I understand that those who don't know much about China are confused about what is happening. Since I first came into contact with China 36 years ago, I have found that many Western observers have not had direct contact with Chinese policymakers, nor have they kept up with the changes in the Chinese model in a timely manner. They tend not to believe that China is truly using the market to develop its economy. Therefore, these international investors have misunderstood the recent Chinese government's regulation of the industry and ignored the trend of developing a market economy over the past 40 years. As a result, these investors have missed out on China's development in recent decades and will also miss out on investment opportunities in China now and in the future.</p><p>In this context, it is understandable that policymakers are signaling to Didi that continuing to go public may not be the best approach and that they want to address data privacy issues. In the case of tutoring companies, Chinese authorities want to reduce educational inequality and ease the financial burden on those who desperately want their children to receive these services but cannot afford them. Chinese policymakers believe that these changes will make the country better.</p><p>I remember there were many similar misunderstandings. For example, I remember that in 2015, overseas investors also had many doubts about A-shares. I remember that in 2015-2016, the People's Bank of China widened the range of the RMB exchange rate, which led to a depreciation of the RMB exchange rate. This led many investors to view these developments as evidence that policymakers were abandoning the development of capital markets.</p><p>Some discerning investors consider these measures inappropriate and turn a blind eye to government intervention in mainstream capital market countries. In fact, China's market regulation is negligible compared to the fiscal stimulus and monetary policy interventions in the United States and other developed market countries. Through timely policy adjustments, Chinese policymakers have successfully managed the economy and markets and achieved their goals. China's course of action has never changed, consistently supporting the rapid and stable development of its capital market, its entrepreneurial spirit, and its openness to foreign investors. Therefore, I encourage everyone to pay attention to trends and not to misunderstand or pay excessive attention to volatility.</p><p>To understand what happened, one needs to understand that China operates capitalism for the benefit of the majority, and that policymakers will not allow the sensitivity of capital markets and capital to harm the fundamental interests of the people. Capital must understand all this, otherwise it will suffer the consequences of being wrong.</p><p>International investors also need to understand that Chinese regulators are developing appropriate regulatory measures in China's rapidly developing capital market environment. Therefore, when regulatory measures change rapidly, it can lead to some misunderstandings.</p><p>In addition, international investors need to understand changes in the global geopolitical environment, which may lead to some regulatory changes in China. For example, investors can see this in the policy shifts of the U.S. government, such as changing the policy on Chinese companies listing in the United States and threatening to ban U.S. pension funds from investing in China.</p><p>If something similar happens in the future, investors should make corresponding investment adjustments, but they should not mistake these fluctuations for changes in trends, nor should they expect China's capital market to be exactly the same as Western capital markets.</p><p>Speaking of which, I do agree that Chinese policymakers could increase communication and provide more explanations for the changing regulatory measures.</p><p>As for investing, whether in China or the United States, there are both opportunities and risks, and both should be an important part of the portfolio. Finally, I urge investors not to miss investment opportunities in China by misinterpreting recent regulatory measures as a reversal of trends that have existed for decades.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/61ac6f61084482a9c0c70291c78e92f5","relate_stocks":{"TTTN":"老虎中美互联网巨头ETF","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152605616","content_text":"近期中概股和A股市场出现明显波动，但桥水基创始人达里奥表示，投资者不应该对市场短期波动感到忧虑而卖出中国资产，最终错过中国经济发展的红利。\n桥水基金达里奥在其社交媒体账号上撰文称，近期中国政策出现了新的动向，包括对滴滴出行的审查，和对教育培训机构的整顿，引起海外投资者的担忧，但其实这种担忧是没有必要的。\n达里奥原文如下（略有删改）：\n我理解，对于那些对中国不太了解的人对正在发生的一切感到困惑。从36年前，我开始接触中国，我就发现，很多西方的观察家与中国的政策制定者没有直接联系，也对中国模式的变化没有及时跟进了解，他们倾向于不相信中国真正运用市场发展经济。因此，这些国际投资者将近期中国政府对行业的监管产生误解，忽视过去40年来发展市场经济的趋势。结果是，这些投资者已经错过了中国近几十年的发展，还将错过在中国现在和未来的投资机会。\n在这种情况下，政策制定者向滴滴发出信号，表示继续上市可能不是最好的，希望处理数据隐私问题，这是可以理解的。就教育辅导公司而言，中国当局希望减少教育不平等现象，减轻那些迫切希望自己的孩子获得这些服务但无法支付得起的人的经济负担。中国政策制定者认为，这些改变会让这个国家变得更好。\n我记得有许多类似的误解。例如，我记得2015年时，海外投资者也对A股产生诸多猜疑。我还记得，2015-2016年，中国人民银行扩大了人民币汇率区间，导致人民币汇率下跌，这导致许多投资者将这些事态发展视为政策制定者放弃发展资本市场的证据。\n一些挑剔的投资者总认为这些举措是不合适的，而对主流资本市场国家政府对市场的干预视而不见。事实上，中国对市场的监管力度，相比美国和其他发达市场国家的财政刺激和货币政策干预市场的力度，显得不值一提。通过适时的政策调整，中国决策者成功地管理经济和市场，并实现了他们的目标。中国的行动方向从未改变，一直支持资本市场的快速稳定发展、创业精神以及对外国投资者的投资开放。因此，我鼓励大家关注趋势，不要误解和过度关注波动。\n要了解发生了什么，就需要了解中国经营资本主义是为了大多数人的利益，决策者不会让资本市场和资本的敏感性伤害人民的根本利益。资本必须了解这一切，否则将承受错误的后果。\n国际投资者还需要了解，在中国快速发展的资本市场环境中，中国监管机构正在制定适当的监管措施。因此，当监管措施变化迅速确时，会导致一些误解。\n此外，国际投资者需要了解全球地缘政治环境的变化，可能会导致中国监管方面的一些变化。比如，投资者可以从美国政府的政策转变中看到这一点，比如改变中国公司在美国上市的政策，以及威胁禁止美国养老基金在中国投资等等。\n假设将来也发生了类似的事情，投资者应进行相应的投资调整，但不要将这些波动误解为趋势的变化，也不要期望中国的资本市场与西方资本市场一模一样。\n说到这里，我确实也认为，中国政策制定者可以增加一些沟通，对正在发生变化的监管举措给出更多解释。\n至于投资，无论是中国还是美国，都有机会也有风险，都应该是投资组合中重要的一部分。最后，我敦促投资者们不要将近期监管举措误解为过去几十年来存在趋势的逆转，从而错过中国的投资机会。","news_type":1,"symbols_score_info":{"TTTN":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":4838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804256565,"gmtCreate":1627959938057,"gmtModify":1703498640112,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804256565","repostId":"2156112983","repostType":4,"isVote":1,"tweetType":1,"viewCount":4725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802296493,"gmtCreate":1627781069412,"gmtModify":1703495703497,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"Hao","listText":"Hao","text":"Hao","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802296493","repostId":"2155572168","repostType":4,"isVote":1,"tweetType":1,"viewCount":5499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802658115,"gmtCreate":1627778672737,"gmtModify":1703495644989,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"W","listText":"W","text":"W","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802658115","repostId":"2155906848","repostType":4,"repost":{"id":"2155906848","kind":"news","pubTimestamp":1627548642,"share":"https://ttm.financial/m/news/2155906848?lang=en_US&edition=fundamental","pubTime":"2021-07-29 16:50","market":"us","language":"zh","title":"Rumors circulate that Wumart Technology's Hong Kong IPO may be postponed.","url":"https://stock-news.laohu8.com/highlight/detail?id=2155906848","media":"AAFN","summary":"据《彭博通讯社》引述消息称，内地连锁百货经营商物美科技在香港上市的计划或面临押後，因公司正在解答港交所 在IPO审查阶段对其业务经营所提出的问题。早前市场消息称，物美科技计划筹集10亿美元，去年有传物美目标集资10亿至20亿美元。官网资料显示，物美集团成立於1994年，旗下有美廉美、新华百货、浙江供销、百安居、奥士凯物美、崇菜物美、圣熙八号、京北大世界等多个品牌，业务涉及零售贸易、电子商务、互联网/物联网科技、物流运输等。(da/k)~阿思达克财经新闻网址: www.aastocks.com","content":"<p><div>According to Bloomberg, mainland department store chain Wumart Technology's plan to list in Hong Kong may be delayed as the company answers questions raised by the Hong Kong Stock Exchange regarding its business operations during the IPO review stage. Earlier market reports indicated that Wumart Technology planned to raise $1 billion, and last year it was rumored that Wumart aimed to raise $1 billion to $2 billion. According to its official website, Wumart Group was founded in 1994 and owns several brands, including Meilianmei, Xinhua Department Store, Zhejiang Supply and Marketing, B&Q, Ausky Wumart, Chongcai Wumart, Shengxi No. 8, and Jingbei Grand World. Its business covers retail trade, e-commerce, ...</p><p><a href=\"http://www.aastocks.com/apps/data/iphone/news/newscontent.aspx?newsid=NOW.1116196&style=5&chgstyle=1&categoryid=stock&width=320&market_id=hk&fontary=3&platform=iPhone&language=sc&isfirstreq=1&sourceid=aafn&datatype=0\">Web page link</a></div></p>","source":"aastocks","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>Rumors circulate that Wumart Technology's Hong Kong IPO may be postponed.</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\">\nRumors circulate that Wumart Technology's Hong Kong IPO may be postponed.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">AAFN</strong><span class=\"h-time small\">2021-07-29 16:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>According to Bloomberg, mainland department store chain Wumart Technology's plan to list in Hong Kong may be delayed as the company answers questions raised by the Hong Kong Stock Exchange regarding its business operations during the IPO review stage. Earlier market reports indicated that Wumart Technology planned to raise $1 billion, and last year it was rumored that Wumart aimed to raise $1 billion to $2 billion. According to its official website, Wumart Group was founded in 1994 and owns several brands, including Meilianmei, Xinhua Department Store, Zhejiang Supply and Marketing, B&Q, Ausky Wumart, Chongcai Wumart, Shengxi No. 8, and Jingbei Grand World. Its business covers retail trade, e-commerce, ...</p><p><a href=\"http://www.aastocks.com/apps/data/iphone/news/newscontent.aspx?newsid=NOW.1116196&style=5&chgstyle=1&categoryid=stock&width=320&market_id=hk&fontary=3&platform=iPhone&language=sc&isfirstreq=1&sourceid=aafn&datatype=0\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.aastocks.com/apps/data/iphone/news/newscontent.aspx?newsid=NOW.1116196&style=5&chgstyle=1&categoryid=stock&width=320&market_id=hk&fontary=3&platform=iPhone&language=sc&isfirstreq=1&sourceid=aafn&datatype=0\">AAFN</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d3996b843dd6a60eaa5e5d861b252f6a","relate_stocks":{"00388":"香港交易所"},"source_url":"http://www.aastocks.com/apps/data/iphone/news/newscontent.aspx?newsid=NOW.1116196&style=5&chgstyle=1&categoryid=stock&width=320&market_id=hk&fontary=3&platform=iPhone&language=sc&isfirstreq=1&sourceid=aafn&datatype=0","is_english":false,"share_image_url":"https://static.laohu8.com/51f6b9126f36f92bbf92982596066e5a","article_id":"2155906848","content_text":"据《彭博通讯社》引述消息称，内地连锁百货经营商物美科技在香港上市的计划或面临押後，因公司正在解答港交所 在IPO审查阶段对其业务经营所提出的问题。早前市场消息称，物美科技计划筹集10亿美元，去年有传物美目标集资10亿至20亿美元。官网资料显示，物美集团成立於1994年，旗下有美廉美、新华百货、浙江供销、百安居、奥士凯物美、崇菜物美、圣熙八号、京北大世界等多个品牌，业务涉及零售贸易、电子商务、互联网/物联网科技、物流运输等。(da/k)~阿思达克财经新闻网址: www.aastocks.com","news_type":1,"symbols_score_info":{"00388":0.9}},"isVote":1,"tweetType":1,"viewCount":4138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802661763,"gmtCreate":1627777411052,"gmtModify":1703495614968,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802661763","repostId":"1110754441","repostType":4,"repost":{"id":"1110754441","kind":"news","weMediaInfo":{"introduction":"派财经是第一家聚焦数字经济融媒体平台，既关注人工智能、大数据、云计算、移动互联网、5G等数字科技，也关注产业数字化、数字金融、新消费、宅经济这些基于数字科技的新经济。","home_visible":1,"media_name":"派财经官微","id":"1014980900","head_image":"https://static.tigerbbs.com/bb9c7604ff64454d92461efd7b8b8949"},"pubTimestamp":1627690027,"share":"https://ttm.financial/m/news/1110754441?lang=en_US&edition=fundamental","pubTime":"2021-07-31 08:07","market":"us","language":"zh","title":"By betting on Jidu Auto, how far can Baidu's car-making dream fly?","url":"https://stock-news.laohu8.com/highlight/detail?id=1110754441","media":"派财经官微","summary":"起了个大早赶了个晚集\n\n百度自动驾驶不再想成为汽车的“灵魂”了？\n在上汽集团董事长陈虹提出要把“灵魂”掌握在自己手中后不久，百度自动驾驶产品运营部总监徐宝强近期在接受媒体采访时表示：“百度现在的发展方","content":"<p>I got up early and arrived at the market late.<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Does autonomous driving no longer want to be the \"soul\" of cars?</p><p>In<a href=\"https://laohu8.com/S/600104\">SAIC Motor</a>Shortly after Chairman Chen Hong proposed to take the \"soul\" into her own hands,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Xu Baoqiang, director of the autonomous driving product operations department, said in a recent media interview: \"Baidu's current development direction is not to export autonomous driving technology to automakers, but to promote the unmanned mobility business in the sharing field.\"</p><p>In the above remarks, Baidu revealed two key pieces of information: Baidu will no longer focus on outputting autonomous driving technology and will instead concentrate on autonomous driving in the sharing field. Clearly, this is similar to the initial launch by Baidu.<a href=\"https://laohu8.com/S/APOL\">Apollo</a>The planned goal has taken a 180-degree turn.</p><p>So, can Baidu, which no longer emphasizes exporting autonomous driving technology, still tell the story of AI well?</p><p><b>Automotive Strategic Shift</b></p><p>Baidu was one of the earliest companies to start in the field of autonomous driving.</p><p>As early as 2013, Baidu launched its driverless car project internally. After four years of refinement, it officially launched the Apollo system in April 2017, aiming to create an \"Android system for the field of autonomous driving.\" The goal is to provide partners in the automotive industry and autonomous driving with an open, complete, and secure software platform to help them quickly build their own complete autonomous driving system by combining vehicle and hardware systems.</p><p>To date, Baidu's driverless car project has been underway for nearly eight years, with a cumulative investment of tens of billions of yuan and participation in Baidu's \"<a href=\"https://laohu8.com/S/APOL\">Apollo</a>The \"plan\" includes more than ten car manufacturers such as Mercedes-Benz, Toyota, Honda, Volkswagen, BMW, and Byton, as well as other research institutions, internet companies, and telecom operators. The Apollo program has become a huge industry-wide alliance with strong appeal.</p><p>Baidu has unparalleled advantages in autonomous driving, such as AI technology reserves and Baidu Maps. In terms of technology, Baidu possesses comprehensive technologies such as cloud storage and high-precision maps, and AI is Baidu's inherent advantage. Meanwhile, Baidu Maps has a strong user base, and in terms of its autonomous driving data collection capabilities and qualifications, Baidu is also in a leading position in the industry.</p><p>However, with the rise of emerging car manufacturers and the entry of technology companies such as Huawei, Xiaomi, and 360, the presence of the Apollo program, which has a first-mover advantage, is weakening. In fact, to date, no automaker has mass-produced products equipped with Baidu's autonomous driving system on a large scale.</p><p>What is the reason? Industry insiders generally believe that the Apollo program's Level 4 targets are too high, and the difficulty in commercialization is the main reason why it has encountered obstacles in its progress.</p><p>\"The number of software codes in cars is greater than...<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Mobile phones are about 10 times more expensive, autonomous driving technology is far more complex than electric technology, and commercialization is far more difficult than that of electric vehicles. An automotive industry analyst said that the autonomous driving industry is a field that is both expensive and time-consuming. To achieve commercialization, more technological accumulation and a more suitable business model are needed.</p><p>Many users who have test-driven Baidu's self-driving cars have reported that they suffer from problems such as large steering radii, slow average speed, difficulty overtaking during driving, and the need to board at a designated location when hailing a taxi. Although these problems are not fatal flaws, the driving experience is not friendly for passengers, and it may take more time to truly replace traditional cars.</p><p>From the current market<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>,XPeng,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Judging from the sales figures of emerging car manufacturers, the most widely accepted way to achieve autonomous driving is first and foremost L2 and L3 level assisted autonomous driving, and only then is it possible to gradually transition to L4 level.</p><p>Of course, consumer experience is only one aspect; the resistance from laws and regulations is more direct. Due to current legal restrictions on road permits for fully autonomous vehicles, Level 4 autonomous driving can only be driven in closed and limited specific scenarios, which has reduced users' interest in choosing a Level 4 autonomous vehicle. Back then, Robin Li rode in an \"autonomous car\" and broadcast live on Beijing's Fourth Ring Road, which resulted in him being summoned for a meeting by traffic management authorities.</p><p>Therefore, Baidu Autonomous Driving has to prioritize meeting the regulatory requirements of different local governments, which has transformed Baidu Autonomous Driving into an autonomous driving team guided by local government requirements. Whether it's the selection of partner models, testing locations, or product development, Baidu's Apollo is difficult to consider according to the pace that is most conducive to technological development. Instead, the primary criterion is whether it can obtain local policy support.</p><p>Therefore, even though the prospects for Level 4 autonomous driving are very bright, due to the current driving experience and regulatory policy realities, Baidu's initial dream of empowering vehicle manufacturers can only be slowly promoted as a vision, until now it has to make a strategic change at the top-level design level - not to export autonomous driving technology to automakers.</p><p><b>Choices between referees and players</b></p><p>Why wasn't Huawei's HI solution adopted by SAIC? From the perspective of vehicle manufacturers, they inevitably hope to gain dominance in the personal consumer market and do not want to become...<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>From this perspective, automakers' concerns about automotive \"contract manufacturers\" for automotive solutions are entirely understandable.</p><p>However, this created a second dilemma for Baidu's Apollo project. As mentioned above, in its initial concept, Apollo borrowed from...<a href=\"https://laohu8.com/S/GOOG\">Google</a>The Android system's approach to the entire smartphone industry, attempting to develop into the hub of the entire intelligent vehicle industry through open source, has directly led to vehicle manufacturers being unwilling to adopt its solutions.</p><p>Therefore, after careful consideration, Baidu began to consider entering the car manufacturing market at the end of 2020. This was certainly due to its desire to covet the huge market potential of intelligent vehicles, but it was also a last resort. Finally, in March of this year, Baidu and Geely jointly launched Jidu Auto and planned to invest 50 billion yuan in car manufacturing within five years.</p><p>However, this has plunged Baidu into another dilemma—acting as both a referee and an athlete. This is similar to the current predicament of Huawei's HarmonyOS system. If automakers adopt Baidu's autonomous driving solution, will their lifeline be in the hands of competitors? Will Baidu be biased when providing autonomous driving technology output?</p><p>In addition, Baidu's autonomous driving solution faces fierce competition from other players, the most prominent of which is Huawei. As a joint partner of Huawei and Baidu, Jihu Auto has released the Alpha Intelligent Vehicle based on Huawei's HI solution. Relying on 30 years of ICT capabilities, Huawei has provided it with a brand-new intelligent vehicle digital architecture and five major intelligent systems. Throughout the entire solution, Huawei already possesses \"full-stack\" intelligence capabilities, including chips, operating systems, languages, maps, cloud computing, big data, vehicle-road collaboration, autonomous driving, software iteration and upgrades, and cloud data training.</p><p>More importantly, Huawei has announced since 2018 that not manufacturing cars is its ironclad rule and has repeatedly reiterated that this strategy will not change. This is completely different from Baidu's choice to directly manufacture cars, which will also become a factor that automakers consider when choosing between the two.</p><p>Based on the above considerations, Xu Baoqiang revealed in this media interview that Baidu will choose another path, namely, to avoid the highly competitive personal consumer market where automakers hope to gain dominance, and to enter the car-sharing business. In this regard, in June of this year, Jihu Auto and Baidu Apollo launched the Apollo Moon, an unmanned shared car priced at 480,000 yuan, with a cost only one-third of that of other Level 4 autonomous vehicles. Baidu believes that this is expected to truly bring Robotaxi into the operating cost range of ride-hailing vehicles.</p><p>Is it a choice or a last resort to downplay the autonomous driving system platform that has been betting on for eight years and instead choose intelligent shared cars, which have unclear application prospects, small market space, and are more difficult to implement? I believe only Baidu itself knows better.</p><p><b>Can Jidu Auto carry the banner?</b></p><p>If Baidu shifts its focus away from providing autonomous driving technology to automakers, then Jidu Auto is likely to be the ultimate carrier of Baidu's car manufacturing dream. In terms of shareholding structure, Baidu holds a 55% stake. In addition to Xia Yiping, three other directors—Liang Zhixiang, He Junjie, and Li Zhenyu—are from Baidu, while only one director, An Conghui, is from Geely. This shows that Baidu has greater control and expectations for Jidu Auto.</p><p>Furthermore, in terms of the hard conditions for both parties, they are indeed a perfect match. As an internet technology giant, Baidu's technological strength is naturally self-evident, especially since it has been deeply involved in AI and autonomous driving for many years. Geely achieved total sales of 1.32 million vehicles in 2020, demonstrating its formidable automobile production capacity. In addition, Geely's self-developed SEA automotive architecture is built on the concept of software-defined vehicles. Whether at the hardware layer, system layer or ecosystem layer, it has achieved unprecedented compatibility in the industry and can significantly shorten the automotive development cycle. Therefore, Jidu Auto dared to shout the slogan of achieving mass production within three years.</p><p>Meanwhile, Baidu has pledged to invest 50 billion yuan in research and development over the next five years, far exceeding...<a href=\"https://laohu8.com/S/NIO\">Nio</a>With R&D investments of 1 billion yuan by companies like XPeng and Li Auto, from this perspective, solid autonomous driving technology and long-term huge investments may indeed bring Jidu Auto better market performance.</p><p>However, Jidu Auto, which was born with a silver spoon in its mouth, is not entirely without its hidden concerns. The first step is the establishment of the car manufacturing team. In April 2021, Xia Yiping predicted that by the end of 2022, the core team of Jidu Auto would expand to 2,500-3,000 people.</p><p>From a team of 3-4 people to nearly 3,000 people by the end of 2022, the team was built almost from scratch. To date, Jidu's team includes people from traditional automakers and those who have already integrated into emerging electric vehicle companies, as well as colleagues from the internet and consumer electronics fields. On the one hand, this brings integrated advantages to Jidu Auto in various aspects, but on the other hand, such advantages can only be achieved on the basis of thorough integration. After all, startup teams will go through a period of adjustment to varying degrees, whether long or short.</p><p>However, an undeniable fact is that the internal relationships within the Baidu system are complex, even in the past...<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Lu Qi, who was surrounded by accolades, also lost core personnel such as Wang Jin and Andrew Ng when adjusting his autonomous driving business, and failed to streamline internal relationships. It remains to be seen to what extent Xia Yiping can mobilize internal resources to succeed at Jidu Auto.</p><p>Secondly, although Xia Yiping agrees that intelligentization is the core competitiveness of future intelligent vehicles, \"intelligentization is not only in form, but also in the underlying technology, a bottom-up restructuring.\" He defines this bottom-up restructuring as an \"end-to-end ecosystem.\" This is consistent with the general consensus in the industry that intelligent vehicles will definitely be deeply integrated with users' lives in the future, that is, they will form a \"perception-free\" IoT ecosystem with users' other devices. However, neither Baidu nor Geely currently has the ability to provide ecosystem empowerment for them.</p><p>Ecosystem building, however, is not Baidu's strength. On mobile devices, Baidu lags far behind Alibaba in both breadth and depth of software coverage.<a href=\"https://laohu8.com/S/00700\">Tencent</a>In terms of hardware, Baidu also lacks devices such as mobile phones that can establish strong connections with users, and it has not yet been able to establish its own IoT ecosystem. These are key factors determining whether Jidu Auto can gain consumer recognition in the future.</p><p>Finally, the cooperation between Baidu and Geely is another concern in the industry. Generally speaking, the car manufacturing cycle is very long, and there are very few successful cases in the industry of the joint venture car manufacturing method chosen by both parties. If there is a disagreement on the cooperation concept, it will have a huge impact on Jidu Auto. Meanwhile, senior automotive analyst Dr. Mei Songlin believes that \"building a car brand requires a lot of investment. Whether both parties have enough patience and strength, and whether their main businesses will affect the investment, are all unknowns. If challenges are encountered in the cooperation, whether the two parties still trust each other will also affect the cooperation.\"</p><p>Therefore, it can be said that although Jidu Auto, which boasts of mass production in three years, was born with a silver spoon in its mouth and is related to Baidu's future, the situation it faces is not optimistic, especially given that its own team has not yet been streamlined, the ecosystem is lacking, and the joint venture car manufacturing model with Geely. Any flaw in any of these will make it difficult for Baidu, which entered the market late, to catch up. Because it bet heavily on Jidu Auto, Baidu's dream of autonomous driving for Android almost came to nothing.</p><p>Has Baidu accidentally become...?<a href=\"https://laohu8.com/S/002594\">BYD</a>The person CEO Wang Chuanfu mentioned as \"wasting three years\" in car manufacturing?</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>By betting on Jidu Auto, how far can Baidu's car-making dream fly?</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\">\nBy betting on Jidu Auto, how far can Baidu's car-making dream fly?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1014980900\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/bb9c7604ff64454d92461efd7b8b8949);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">派财经官微 </p>\n<p class=\"h-time smaller\">2021-07-31 08:07</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>I got up early and arrived at the market late.<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Does autonomous driving no longer want to be the \"soul\" of cars?</p><p>In<a href=\"https://laohu8.com/S/600104\">SAIC Motor</a>Shortly after Chairman Chen Hong proposed to take the \"soul\" into her own hands,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Xu Baoqiang, director of the autonomous driving product operations department, said in a recent media interview: \"Baidu's current development direction is not to export autonomous driving technology to automakers, but to promote the unmanned mobility business in the sharing field.\"</p><p>In the above remarks, Baidu revealed two key pieces of information: Baidu will no longer focus on outputting autonomous driving technology and will instead concentrate on autonomous driving in the sharing field. Clearly, this is similar to the initial launch by Baidu.<a href=\"https://laohu8.com/S/APOL\">Apollo</a>The planned goal has taken a 180-degree turn.</p><p>So, can Baidu, which no longer emphasizes exporting autonomous driving technology, still tell the story of AI well?</p><p><b>Automotive Strategic Shift</b></p><p>Baidu was one of the earliest companies to start in the field of autonomous driving.</p><p>As early as 2013, Baidu launched its driverless car project internally. After four years of refinement, it officially launched the Apollo system in April 2017, aiming to create an \"Android system for the field of autonomous driving.\" The goal is to provide partners in the automotive industry and autonomous driving with an open, complete, and secure software platform to help them quickly build their own complete autonomous driving system by combining vehicle and hardware systems.</p><p>To date, Baidu's driverless car project has been underway for nearly eight years, with a cumulative investment of tens of billions of yuan and participation in Baidu's \"<a href=\"https://laohu8.com/S/APOL\">Apollo</a>The \"plan\" includes more than ten car manufacturers such as Mercedes-Benz, Toyota, Honda, Volkswagen, BMW, and Byton, as well as other research institutions, internet companies, and telecom operators. The Apollo program has become a huge industry-wide alliance with strong appeal.</p><p>Baidu has unparalleled advantages in autonomous driving, such as AI technology reserves and Baidu Maps. In terms of technology, Baidu possesses comprehensive technologies such as cloud storage and high-precision maps, and AI is Baidu's inherent advantage. Meanwhile, Baidu Maps has a strong user base, and in terms of its autonomous driving data collection capabilities and qualifications, Baidu is also in a leading position in the industry.</p><p>However, with the rise of emerging car manufacturers and the entry of technology companies such as Huawei, Xiaomi, and 360, the presence of the Apollo program, which has a first-mover advantage, is weakening. In fact, to date, no automaker has mass-produced products equipped with Baidu's autonomous driving system on a large scale.</p><p>What is the reason? Industry insiders generally believe that the Apollo program's Level 4 targets are too high, and the difficulty in commercialization is the main reason why it has encountered obstacles in its progress.</p><p>\"The number of software codes in cars is greater than...<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Mobile phones are about 10 times more expensive, autonomous driving technology is far more complex than electric technology, and commercialization is far more difficult than that of electric vehicles. An automotive industry analyst said that the autonomous driving industry is a field that is both expensive and time-consuming. To achieve commercialization, more technological accumulation and a more suitable business model are needed.</p><p>Many users who have test-driven Baidu's self-driving cars have reported that they suffer from problems such as large steering radii, slow average speed, difficulty overtaking during driving, and the need to board at a designated location when hailing a taxi. Although these problems are not fatal flaws, the driving experience is not friendly for passengers, and it may take more time to truly replace traditional cars.</p><p>From the current market<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>,XPeng,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Judging from the sales figures of emerging car manufacturers, the most widely accepted way to achieve autonomous driving is first and foremost L2 and L3 level assisted autonomous driving, and only then is it possible to gradually transition to L4 level.</p><p>Of course, consumer experience is only one aspect; the resistance from laws and regulations is more direct. Due to current legal restrictions on road permits for fully autonomous vehicles, Level 4 autonomous driving can only be driven in closed and limited specific scenarios, which has reduced users' interest in choosing a Level 4 autonomous vehicle. Back then, Robin Li rode in an \"autonomous car\" and broadcast live on Beijing's Fourth Ring Road, which resulted in him being summoned for a meeting by traffic management authorities.</p><p>Therefore, Baidu Autonomous Driving has to prioritize meeting the regulatory requirements of different local governments, which has transformed Baidu Autonomous Driving into an autonomous driving team guided by local government requirements. Whether it's the selection of partner models, testing locations, or product development, Baidu's Apollo is difficult to consider according to the pace that is most conducive to technological development. Instead, the primary criterion is whether it can obtain local policy support.</p><p>Therefore, even though the prospects for Level 4 autonomous driving are very bright, due to the current driving experience and regulatory policy realities, Baidu's initial dream of empowering vehicle manufacturers can only be slowly promoted as a vision, until now it has to make a strategic change at the top-level design level - not to export autonomous driving technology to automakers.</p><p><b>Choices between referees and players</b></p><p>Why wasn't Huawei's HI solution adopted by SAIC? From the perspective of vehicle manufacturers, they inevitably hope to gain dominance in the personal consumer market and do not want to become...<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>From this perspective, automakers' concerns about automotive \"contract manufacturers\" for automotive solutions are entirely understandable.</p><p>However, this created a second dilemma for Baidu's Apollo project. As mentioned above, in its initial concept, Apollo borrowed from...<a href=\"https://laohu8.com/S/GOOG\">Google</a>The Android system's approach to the entire smartphone industry, attempting to develop into the hub of the entire intelligent vehicle industry through open source, has directly led to vehicle manufacturers being unwilling to adopt its solutions.</p><p>Therefore, after careful consideration, Baidu began to consider entering the car manufacturing market at the end of 2020. This was certainly due to its desire to covet the huge market potential of intelligent vehicles, but it was also a last resort. Finally, in March of this year, Baidu and Geely jointly launched Jidu Auto and planned to invest 50 billion yuan in car manufacturing within five years.</p><p>However, this has plunged Baidu into another dilemma—acting as both a referee and an athlete. This is similar to the current predicament of Huawei's HarmonyOS system. If automakers adopt Baidu's autonomous driving solution, will their lifeline be in the hands of competitors? Will Baidu be biased when providing autonomous driving technology output?</p><p>In addition, Baidu's autonomous driving solution faces fierce competition from other players, the most prominent of which is Huawei. As a joint partner of Huawei and Baidu, Jihu Auto has released the Alpha Intelligent Vehicle based on Huawei's HI solution. Relying on 30 years of ICT capabilities, Huawei has provided it with a brand-new intelligent vehicle digital architecture and five major intelligent systems. Throughout the entire solution, Huawei already possesses \"full-stack\" intelligence capabilities, including chips, operating systems, languages, maps, cloud computing, big data, vehicle-road collaboration, autonomous driving, software iteration and upgrades, and cloud data training.</p><p>More importantly, Huawei has announced since 2018 that not manufacturing cars is its ironclad rule and has repeatedly reiterated that this strategy will not change. This is completely different from Baidu's choice to directly manufacture cars, which will also become a factor that automakers consider when choosing between the two.</p><p>Based on the above considerations, Xu Baoqiang revealed in this media interview that Baidu will choose another path, namely, to avoid the highly competitive personal consumer market where automakers hope to gain dominance, and to enter the car-sharing business. In this regard, in June of this year, Jihu Auto and Baidu Apollo launched the Apollo Moon, an unmanned shared car priced at 480,000 yuan, with a cost only one-third of that of other Level 4 autonomous vehicles. Baidu believes that this is expected to truly bring Robotaxi into the operating cost range of ride-hailing vehicles.</p><p>Is it a choice or a last resort to downplay the autonomous driving system platform that has been betting on for eight years and instead choose intelligent shared cars, which have unclear application prospects, small market space, and are more difficult to implement? I believe only Baidu itself knows better.</p><p><b>Can Jidu Auto carry the banner?</b></p><p>If Baidu shifts its focus away from providing autonomous driving technology to automakers, then Jidu Auto is likely to be the ultimate carrier of Baidu's car manufacturing dream. In terms of shareholding structure, Baidu holds a 55% stake. In addition to Xia Yiping, three other directors—Liang Zhixiang, He Junjie, and Li Zhenyu—are from Baidu, while only one director, An Conghui, is from Geely. This shows that Baidu has greater control and expectations for Jidu Auto.</p><p>Furthermore, in terms of the hard conditions for both parties, they are indeed a perfect match. As an internet technology giant, Baidu's technological strength is naturally self-evident, especially since it has been deeply involved in AI and autonomous driving for many years. Geely achieved total sales of 1.32 million vehicles in 2020, demonstrating its formidable automobile production capacity. In addition, Geely's self-developed SEA automotive architecture is built on the concept of software-defined vehicles. Whether at the hardware layer, system layer or ecosystem layer, it has achieved unprecedented compatibility in the industry and can significantly shorten the automotive development cycle. Therefore, Jidu Auto dared to shout the slogan of achieving mass production within three years.</p><p>Meanwhile, Baidu has pledged to invest 50 billion yuan in research and development over the next five years, far exceeding...<a href=\"https://laohu8.com/S/NIO\">Nio</a>With R&D investments of 1 billion yuan by companies like XPeng and Li Auto, from this perspective, solid autonomous driving technology and long-term huge investments may indeed bring Jidu Auto better market performance.</p><p>However, Jidu Auto, which was born with a silver spoon in its mouth, is not entirely without its hidden concerns. The first step is the establishment of the car manufacturing team. In April 2021, Xia Yiping predicted that by the end of 2022, the core team of Jidu Auto would expand to 2,500-3,000 people.</p><p>From a team of 3-4 people to nearly 3,000 people by the end of 2022, the team was built almost from scratch. To date, Jidu's team includes people from traditional automakers and those who have already integrated into emerging electric vehicle companies, as well as colleagues from the internet and consumer electronics fields. On the one hand, this brings integrated advantages to Jidu Auto in various aspects, but on the other hand, such advantages can only be achieved on the basis of thorough integration. After all, startup teams will go through a period of adjustment to varying degrees, whether long or short.</p><p>However, an undeniable fact is that the internal relationships within the Baidu system are complex, even in the past...<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Lu Qi, who was surrounded by accolades, also lost core personnel such as Wang Jin and Andrew Ng when adjusting his autonomous driving business, and failed to streamline internal relationships. It remains to be seen to what extent Xia Yiping can mobilize internal resources to succeed at Jidu Auto.</p><p>Secondly, although Xia Yiping agrees that intelligentization is the core competitiveness of future intelligent vehicles, \"intelligentization is not only in form, but also in the underlying technology, a bottom-up restructuring.\" He defines this bottom-up restructuring as an \"end-to-end ecosystem.\" This is consistent with the general consensus in the industry that intelligent vehicles will definitely be deeply integrated with users' lives in the future, that is, they will form a \"perception-free\" IoT ecosystem with users' other devices. However, neither Baidu nor Geely currently has the ability to provide ecosystem empowerment for them.</p><p>Ecosystem building, however, is not Baidu's strength. On mobile devices, Baidu lags far behind Alibaba in both breadth and depth of software coverage.<a href=\"https://laohu8.com/S/00700\">Tencent</a>In terms of hardware, Baidu also lacks devices such as mobile phones that can establish strong connections with users, and it has not yet been able to establish its own IoT ecosystem. These are key factors determining whether Jidu Auto can gain consumer recognition in the future.</p><p>Finally, the cooperation between Baidu and Geely is another concern in the industry. Generally speaking, the car manufacturing cycle is very long, and there are very few successful cases in the industry of the joint venture car manufacturing method chosen by both parties. If there is a disagreement on the cooperation concept, it will have a huge impact on Jidu Auto. Meanwhile, senior automotive analyst Dr. Mei Songlin believes that \"building a car brand requires a lot of investment. Whether both parties have enough patience and strength, and whether their main businesses will affect the investment, are all unknowns. If challenges are encountered in the cooperation, whether the two parties still trust each other will also affect the cooperation.\"</p><p>Therefore, it can be said that although Jidu Auto, which boasts of mass production in three years, was born with a silver spoon in its mouth and is related to Baidu's future, the situation it faces is not optimistic, especially given that its own team has not yet been streamlined, the ecosystem is lacking, and the joint venture car manufacturing model with Geely. Any flaw in any of these will make it difficult for Baidu, which entered the market late, to catch up. Because it bet heavily on Jidu Auto, Baidu's dream of autonomous driving for Android almost came to nothing.</p><p>Has Baidu accidentally become...?<a href=\"https://laohu8.com/S/002594\">BYD</a>The person CEO Wang Chuanfu mentioned as \"wasting three years\" in car manufacturing?</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/68a814138696b6daf296c3939a776531","relate_stocks":{"BIDU":"百度","QNETCN":"纳斯达克中美互联网老虎指数","09888":"百度集团-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110754441","content_text":"起了个大早赶了个晚集\n\n百度自动驾驶不再想成为汽车的“灵魂”了？\n在上汽集团董事长陈虹提出要把“灵魂”掌握在自己手中后不久，百度自动驾驶产品运营部总监徐宝强近期在接受媒体采访时表示：“百度现在的发展方向还并不是把自动驾驶技术输出给车企，而是希望推动共享领域的无人出行事业。”\n在上述言论中，百度透露了两点关键信息：百度不再重点输出自动驾驶技术、专注共享领域无人驾驶。显然，这与最初百度推出阿波罗计划时的目标已经发生了180度的大转弯。\n那么，不再强调输出无人驾驶技术的百度，还能否讲好AI的故事？\n汽车战略转向\n在无人驾驶这个赛道，百度是起步最早的一批。\n早在2013年，百度便在内部启动了无人车项目，打磨四年之后于2017年4月正式推出Apollo系统，致力于打造“自动驾驶领域的安卓系统”，目标是向汽车行业及自动驾驶领域的合作伙伴提供一个开放、完整、安全的软件平台，帮助他们结合车辆和硬件系统，快速搭建一套属于自己的完整的自动驾驶系统。\n至今，百度的无人车项目已启动近八年，累计投资数百亿，参与百度“阿波罗计划”的有戴勒姆奔驰、丰田、本田、大众、宝马、拜腾等十余家车厂，还有其他科研机构、互联网公司、运营商等。阿波罗计划成为一个行业性的巨大联盟，号召力强大。\n百度做自动驾驶有着其他厂商无可比拟的优势，比如AI技术储备和百度地图。在技术上，百度拥有云存储、高精地图等全方位技术，而AI又是百度的固有优势。同时，百度地图拥有强大的用户基础，从自动驾驶的采集能力以及资质上来看，百度在业界也处于领先地位。\n然而，随着造车新势力的崛起，以及华为、小米、360等科技企业的入局，拥有先发优势的阿波罗计划的存在感越来越弱。事实上，截至目前，还没有车企量产产品大规模搭载百度的自动驾驶系统。\n原因何在？业内普遍认为，阿波罗计划的L4级目标定位过高，难以实现商业化是其前进遇阻的最主要原因。\n“汽车的软件代码数量比智能手机高出10倍左右，自动驾驶技术也比电动技术复杂得多，商业化落地难度更是远超电动汽车。”一位汽车行业分析师表示，自动驾驶行业是一个既烧钱又费时的领域，要想实现商业化落地，还需要更多的技术沉淀以及更为适合的商业模式。\n不少试乘百度无人车的用户表示，百度无人车存在着转向绕行半径大、平均车速慢、行驶过程中超车困难以及打车时必须到指定地点上车等方面的问题，虽然这些问题都并非致命硬伤，但对于乘客而言，驾乘感受并不友好，真正取代传统汽车可能还需要更多时间。\n从目前市场上特斯拉、小鹏、蔚来等造车新势力的销量来看，外界更为认同的自动驾驶实现方式首先还是L2、L3级别的辅助自动驾驶，其次才可能逐步过渡至L4级别。\n当然，消费者的使用感受只是一方面，来自法律法规层面的阻力则更为直接。由于目前法律法规对于完全自动驾驶汽车上路许可的限制，L4级自动驾驶更多的只能行驶于封闭、局限的特定场景之下，用户对于选择一款L4级别自动驾驶汽车的兴趣，也因此被减弱了。当年李彦宏坐上「自动驾驶汽车」在北京四环现场直播，结果就遭到了交管部门约谈。\n为此，百度自动驾驶不得不优先满足不同地方政府的法规要求，这也让百度自动驾驶变成了以地方政府要求为导向的自动驾驶团队。无论是合作车型选择、测试地点，以及产品研发，百度的阿波罗都很难按照最利于技术发展的节奏来考量，而是以是否能获得地方政策扶持作为第一标准。\n因此，即使L4级自动驾驶前景十分明朗，但囿于当下的驾乘感受及监管政策现实，百度最初所设想的赋能整车企业的梦想只能当作愿景缓慢推进，直至现在不得不从顶层设计层面做出战略改变——不向车企输出自动驾驶技术。\n裁判与选手的抉择\n华为HI方案为什么不被上汽所采纳？从整车企业的角度而言，必然希望能由自己来掌握个人消费市场的主导权，不想沦为智能汽车解决方案的汽车“代工厂”，从这一角度而言，车企的顾虑完全可以理解。\n但这又为百度的阿波罗计划造成了第二个困扰，如上文所言，在一开始的构想中，阿波罗借鉴了谷歌的Android系统之于整个智能手机产业的思路，企图通过开源的方式发展成为整个智能汽车产业的中枢，这就直接导致了整车企业不愿意采用其解决方案。\n因此，百度在经过一番权衡之后，于2020年底开始酝酿自己下场造车，这当然有觊觎智能汽车庞大市场潜力的心态，但同时也是出于不得已而为之的考量。最终，今年3月，百度与吉利联合推出了集度汽车，并计划5年内投入500亿元造车。\n不过，这又让百度陷入了另一个困扰——既当裁判又当运动员，这与当下华为鸿蒙系统的困境相似，如果车企采用了百度的自动驾驶方案，那么自己的命脉会不会掌握在竞争对手手里？百度在提供自动驾驶技术输出时，会不会有所偏向？\n除此之外，百度的自动驾驶方案还面临着其他选手的激烈竞争，最为突出的当属华为。极狐汽车作为华为与百度的共同合作伙伴，已经发布了基于华为HI方案的阿尔法智能汽车，依靠30年的ICT能力，华为为其提供了包括1个全新的智能汽车数字化架构和5大智能系统。在整个解决方案里，华为已经具备了“全栈”智能能力，包括芯片、操作系统、语言、地图、云计算、大数据、车路协同、自动驾驶、软件迭代升级和云端数据训练等。\n更重要的一点是，华为自2018年就已宣布不造车是公司铁律，并且多次重申这一战略不会改变，这与百度所选择的亲自下场造车完全不同，这也会成为车企在二者之间进行选择时考量的因素。\n基于上述种种考虑，徐宝强在此次媒体采访中透露，百度将选择另外一条路径，即避开车企希望掌控主导权、竞争激烈的个人消费市场，从共享汽车业务层面切入。在这方面，今年6月份极狐汽车与百度 Apollo 发布了无人共享车 Apollo Moon，价格为48万元，成本仅为其它 L4 级自动驾驶车辆的三分之一，百度认为这有望真正将 Robotaxi 带进网约车运营成本区间。\n淡化押注了8年的自动驾驶系统平台，转而选择应用前景不明朗、市场空间小、落地更困难的智能共享汽车，究竟是选择，还是不得已？相信只有百度自己更清楚了。\n集度汽车能否扛起大旗？\n如果百度转向，发展重点不再是向车企输出自动驾驶技术，那么，集度汽车很可能是百度造车梦的最终载体。从股权机构来看，百度持股份额达到了55%，除了夏一平，另有梁志翔、何俊杰、李震宇三位董事来自百度，只有安聪慧一位董事来自吉利，由此可见百度对于集度汽车有着更高的掌控力与期望。\n另外，从双方的硬性条件来说，确实是一对天成佳偶，作为互联网科技巨头，百度技术实力自然不必多说，尤其是深耕AI与自动驾驶多年。吉利方面，其2020年总销量高达132万辆，汽车生产能力非常强悍。此外，吉利自研的 SEA浩瀚汽车架构基于软件定义汽车的思路所打造，无论是硬件层、系统层还是生态层，均实现了行业内前所未有的兼容性，可以大幅缩短汽车的研发周期。因此，集度汽车才敢于喊出三年内实现量产的口号。\n同时，百度承诺未来五年内将投入500亿元进行研发，远超蔚来、小鹏、理想10亿元级别的研发投入，从这一角度而言，扎实的自动驾驶技术与长期的巨额投入，或许真的能够为集度汽车带来更优秀的市场表现。\n然而，含着金钥匙出生的集度汽车也并非完全没有隐忧。首先就是造车团队的搭建，2021年4月，夏一平预计到2022年年底，集度汽车核心团队规模将扩大到2500-3000人。\n从之前的3-4人团队，到2022年底的近3000人，团队组建几乎是从零开始。至今，集度的团队中有来自传统车企和已经在新势力融合过的人，也有来自互联网、消费电子领域的同事。这一方面带来了集度汽车在各方面的整合优势，但另一方面这样的优势也必须在充分地磨合基础上才能实现。毕竟，创业团队或多或少、或长或短都会经历一个磨合时期。\n但一个不可否认的事实是，百度体系内部关系复杂，即使曾经微软光环加身的陆奇，在调整自动驾驶业务时也造成了王劲、吴恩达等核心人员的流失，没能理顺内部关系。夏一平能在多大程度上调动内部资源，做好集度汽车尚未可知。\n其次，虽然夏一平认同智能化才是未来智能汽车的核心竞争力，“智能化不只是形态上，也是底层技术，从下至上的重构。”并把这种从下至上的重构定义为“端到端的生态”。这与目前行业的普遍共识相一致——智能汽车未来一定是与用户生活深度融合，也就是与用户其他设备构成一套「无感知」级的 IoT 生态系统，但是眼下无论是百度还是吉利，都没有为其提供生态系统赋能的能力。\n生态构建却并不是百度的强项，百度在移动端不仅软件覆盖广度和深度远远落后于阿里、腾讯，在硬件方面也缺少手机之类能够与用户产生强联系的设备，百度也至今未能建立起属于自己的一套 IoT 物联网生态系统，这都是决定着未来集度汽车是否能够获得消费者认可的关键因素。\n最后，百度与吉利的合作方式也是业界的另一担忧点。通常来说，造车周期很长，而双方选择的合资造车方式在业内很少有成功的案例，如果一旦出现合作理念分歧，将对集度汽车的影响巨大。同时，资深汽车分析师梅松林博士认为，“打造汽车品牌资金投入很大，双方是不是都有足够的耐心和实力、双方的主业是否会影响投资，都是未知数。而如果合作中遇到挑战，双方之间是否依然互相信任，同样会影响到合作。\n因此，可以说豪言3年量产的集度汽车虽是含着金钥匙出生，关乎百度的未来，但其所面临的局面却并不乐观，尤其是在自身团队尚未理顺、生态构建缺位，以及与吉利的合资造车模式，任意一项出现纰漏都将导致晚入局的百度难以后来居上。因为全力押注集度汽车，百度的自动驾驶安卓梦也几乎无疾而终。\n百度，是否一不小心，成为比亚迪CEO王传福口中“浪费三年”造车之人？","news_type":1,"symbols_score_info":{"QNETCN":0.9,"BIDU":0.9,"09888":0.9}},"isVote":1,"tweetType":1,"viewCount":4617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808427359,"gmtCreate":1627607226671,"gmtModify":1703493205870,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"hello","listText":"hello","text":"hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808427359","repostId":"2155184148","repostType":4,"isVote":1,"tweetType":1,"viewCount":4742,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801658830,"gmtCreate":1627516118720,"gmtModify":1703491365163,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801658830","repostId":"2155697398","repostType":4,"repost":{"id":"2155697398","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1627515720,"share":"https://ttm.financial/m/news/2155697398?lang=en_US&edition=fundamental","pubTime":"2021-07-29 07:42","market":"us","language":"en","title":"ServiceNow beats earnings estimates on strength of subscriptions","url":"https://stock-news.laohu8.com/highlight/detail?id=2155697398","media":"Dow Jones","summary":"Citing \"strong demand across all regions and workflows,\" ServiceNow Inc. on Wednesday reported quart","content":"<p>Citing \"strong demand across all regions and workflows,\" ServiceNow Inc. on Wednesday reported quarterly results that beat expectations.</p>\n<p>The Silicon Valley-based maker of workflow software reported second-quarter net income of $59 million, or 29 cents a share, compared with $41 million, or 20 cents a share, in the year-ago period. Adjusted for stock-based compensation, depreciation and amortization and other costs, earnings were $1.42 a share. Revenue rose to $1.4 billion from $1.1 billion in the year-ago quarter, with subscription revenue increasing 31% year over year to $1.33 billion.</p>\n<p>Analysts surveyed by FactSet had forecast earnings of $1.21 a share on revenue of $1.36 billion.</p>\n<p>The company also reported a 25% increase year over year in the number of customers with more than $1 million in annual contract value.</p>\n<p>\"We are the platform for digital business, and we are well on our way to becoming a $15+ billion revenue company,\" said ServiceNow (NOW) Chief Financial Officer Gina Mastantuono in a news release.</p>\n<p>ServiceNow expects third-quarter subscription revenue of $1.4 billion to $1.405 billion. Analysts had forecast overall revenue of $1.45 billion.</p>\n<p>ServiceNow shares rose about 1.14% after hours, after rising nearly 0.2% in the regular session to close at $583.35.</p>\n<p>ServiceNow shares are up almost 6% year to date, and have risen about 34% in the past 52 weeks. By comparison, the S&P 500 Index has climbed more than 17% so far this year, and 35% in the past year.</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>ServiceNow beats earnings estimates on strength of subscriptions</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\">\nServiceNow beats earnings estimates on strength of subscriptions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-07-29 07:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Citing \"strong demand across all regions and workflows,\" ServiceNow Inc. on Wednesday reported quarterly results that beat expectations.</p>\n<p>The Silicon Valley-based maker of workflow software reported second-quarter net income of $59 million, or 29 cents a share, compared with $41 million, or 20 cents a share, in the year-ago period. Adjusted for stock-based compensation, depreciation and amortization and other costs, earnings were $1.42 a share. Revenue rose to $1.4 billion from $1.1 billion in the year-ago quarter, with subscription revenue increasing 31% year over year to $1.33 billion.</p>\n<p>Analysts surveyed by FactSet had forecast earnings of $1.21 a share on revenue of $1.36 billion.</p>\n<p>The company also reported a 25% increase year over year in the number of customers with more than $1 million in annual contract value.</p>\n<p>\"We are the platform for digital business, and we are well on our way to becoming a $15+ billion revenue company,\" said ServiceNow (NOW) Chief Financial Officer Gina Mastantuono in a news release.</p>\n<p>ServiceNow expects third-quarter subscription revenue of $1.4 billion to $1.405 billion. Analysts had forecast overall revenue of $1.45 billion.</p>\n<p>ServiceNow shares rose about 1.14% after hours, after rising nearly 0.2% in the regular session to close at $583.35.</p>\n<p>ServiceNow shares are up almost 6% year to date, and have risen about 34% in the past 52 weeks. By comparison, the S&P 500 Index has climbed more than 17% so far this year, and 35% in the past year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOW":"ServiceNow"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155697398","content_text":"Citing \"strong demand across all regions and workflows,\" ServiceNow Inc. on Wednesday reported quarterly results that beat expectations.\nThe Silicon Valley-based maker of workflow software reported second-quarter net income of $59 million, or 29 cents a share, compared with $41 million, or 20 cents a share, in the year-ago period. Adjusted for stock-based compensation, depreciation and amortization and other costs, earnings were $1.42 a share. Revenue rose to $1.4 billion from $1.1 billion in the year-ago quarter, with subscription revenue increasing 31% year over year to $1.33 billion.\nAnalysts surveyed by FactSet had forecast earnings of $1.21 a share on revenue of $1.36 billion.\nThe company also reported a 25% increase year over year in the number of customers with more than $1 million in annual contract value.\n\"We are the platform for digital business, and we are well on our way to becoming a $15+ billion revenue company,\" said ServiceNow (NOW) Chief Financial Officer Gina Mastantuono in a news release.\nServiceNow expects third-quarter subscription revenue of $1.4 billion to $1.405 billion. Analysts had forecast overall revenue of $1.45 billion.\nServiceNow shares rose about 1.14% after hours, after rising nearly 0.2% in the regular session to close at $583.35.\nServiceNow shares are up almost 6% year to date, and have risen about 34% in the past 52 weeks. By comparison, the S&P 500 Index has climbed more than 17% so far this year, and 35% in the past year.","news_type":1,"symbols_score_info":{"NOW":0.9}},"isVote":1,"tweetType":1,"viewCount":5590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}