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sky老夫子
sky老夫子
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2021-08-04
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sky老夫子
sky老夫子
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2021-08-04
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sky老夫子
sky老夫子
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2021-08-04
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sky老夫子
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2021-08-01
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sky老夫子
sky老夫子
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2021-07-31
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sky老夫子
sky老夫子
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2021-07-27
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Popular Chinese concept stocks continued to fall before the market, Tencent Music fell 8%
7月27日,热门中概股盘前继续杀跌,腾讯音乐跌8%,拼多多、京东、百度、小鹏汽车、滴滴跌超7%,阿里巴巴跌超4%,贝壳跌超13%。
Popular Chinese concept stocks continued to fall before the market, Tencent Music fell 8%
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sky老夫子
sky老夫子
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2021-07-25
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Tencent was ordered to lift the exclusive copyright of music, and users can finally listen to songs well?
国家市场监管总局于7月24日发布公告,依法对腾讯控股有限公司作出责令解除网络音乐独家版权等处罚。最终,武汉市中级人民法院判定,网易云音乐涉嫌侵权行为,对网易云音乐发出网络禁令,勒令其删除相关内容。独家音乐版权已无法成为核心竞争力,TME再次提升了孵化内容的重要性。2021年6月25日,腾讯音乐集团宣布成立内容业务线,负责音乐内容相关业务的整体规划、战略制定和统筹管理。
Tencent was ordered to lift the exclusive copyright of music, and users can finally listen to songs well?
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sky老夫子
sky老夫子
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2021-07-24
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The "secret" of ten times the base, how can Christians really make money?
挖掘出十倍的投资标的,无疑是所有投资者的梦想。正所谓难以实现才叫梦想,但是我们发现身边依旧有着这样一些“梦想实现者”。他们是如何做到的呢? 为什么是十倍? “十倍”(Tenbagger)是美国投资大师
The "secret" of ten times the base, how can Christians really make money?
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sky老夫子
sky老夫子
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2021-07-13
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Opening: The Hang Seng Index opened up 0.65%, and both new stocks broke for the first time
7月13日,恒生指数开盘上涨178.79点,涨幅0.65%,报27694.03点;国企指数开盘上涨49.98点,涨幅0.5%,报9995.71点;红筹指数开盘上涨18.1点,涨幅0.47%,报3867
Opening: The Hang Seng Index opened up 0.65%, and both new stocks broke for the first time
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sky老夫子
sky老夫子
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2021-07-03
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Ford electric vehicle sales surge 117% in June, as total U.S. sales fall
福特汽车今日公布最新统计数据,6月份全美总销量为115789辆,同比下降26.9%。全年销售额增长4.9%。 6月份电动汽车销量激增117%,创下了56,570辆的上半年销售新纪录。卡车同比销量下滑2
Ford electric vehicle sales surge 117% in June, as total U.S. sales fall
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16:02","market":"other","language":"zh","title":"Popular Chinese concept stocks continued to fall before the market, Tencent Music fell 8%","url":"https://stock-news.laohu8.com/highlight/detail?id=1162740645","media":"老虎资讯综合","summary":"7月27日,热门中概股盘前继续杀跌,腾讯音乐跌8%,拼多多、京东、百度、小鹏汽车、滴滴跌超7%,阿里巴巴跌超4%,贝壳跌超13%。","content":"<p>On July 27, popular Chinese concept stocks continued to fall before the market opened.<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Down 8%,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Fell more than 7%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell more than 4%,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Fell more than 13%.</p><p><img src=\"https://static.tigerbbs.com/7b3f986352a57556755e6b792d87ad8f\" tg-width=\"376\" tg-height=\"603\" 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Chinese concept stocks continued to fall before the market, Tencent Music fell 8%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-27 16:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 27, popular Chinese concept stocks continued to fall before the market opened.<a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Down 8%,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Fell more than 7%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell more than 4%,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Fell more than 13%.</p><p><img src=\"https://static.tigerbbs.com/7b3f986352a57556755e6b792d87ad8f\" tg-width=\"376\" tg-height=\"603\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{"TME":"腾讯音乐","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":"1162740645","content_text":"7月27日,热门中概股盘前继续杀跌,腾讯音乐跌8%,拼多多、京东、百度、小鹏汽车、滴滴跌超7%,阿里巴巴跌超4%,贝壳跌超13%。","news_type":1,"symbols_score_info":{"TME":0.9,"TTTN":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":2821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177090244,"gmtCreate":1627162903488,"gmtModify":1703484828849,"author":{"id":"3585711731655298","authorId":"3585711731655298","name":"sky老夫子","avatar":"https://static.tigerbbs.com/1b6bc4b535fe31e2cb1d2b45246766d8","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3585711731655298","idStr":"3585711731655298"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/177090244","repostId":"2153002933","repostType":4,"repost":{"id":"2153002933","kind":"highlight","weMediaInfo":{"introduction":"有品好玩的科技,一切与你有关","home_visible":1,"media_name":"品玩","id":"1086141561","head_image":"https://static.tigerbbs.com/b02e1edb8fd87972c9239aa3a01b9bc8"},"pubTimestamp":1627101584,"share":"https://ttm.financial/m/news/2153002933?lang=en_US&edition=fundamental","pubTime":"2021-07-24 12:39","market":"us","language":"zh","title":"Tencent was ordered to lift the exclusive copyright of music, and users can finally listen to songs well?","url":"https://stock-news.laohu8.com/highlight/detail?id=2153002933","media":"品玩","summary":"国家市场监管总局于7月24日发布公告,依法对腾讯控股有限公司作出责令解除网络音乐独家版权等处罚。最终,武汉市中级人民法院判定,网易云音乐涉嫌侵权行为,对网易云音乐发出网络禁令,勒令其删除相关内容。独家音乐版权已无法成为核心竞争力,TME再次提升了孵化内容的重要性。2021年6月25日,腾讯音乐集团宣布成立内容业务线,负责音乐内容相关业务的整体规划、战略制定和统筹管理。","content":"<p>The State Administration for Market Regulation issued an announcement on July 24 to regulate<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>Co., Ltd. ordered to lift the exclusive copyright of online music and other penalties.</p><p><b>A big difference in this punishment is that this case is the first case in which the Anti-Monopoly Law \"takes necessary measures to restore market competition\" for illegally implementing concentration of operators.</b></p><p>Previous anti-monopoly punishment methods were mostly based on \"supplementary punishment\" combination to put forward guiding requirements for the next operation, but this time Tencent clearly listed very specific rectification measures, including which agreements in the contract need to be terminated, and when to complete the termination, etc. In fact, it once again enriches the anti-monopoly law enforcement toolbox.</p><p>According to the State Administration for Market Regulation, in January 2021, according to the report, the State Administration for Market Regulation opened an investigation into Tencent Holdings Co., Ltd. (hereinafter referred to as Tencent) 's acquisition of equity of China Music Group in July 2016 for suspected illegal concentration of operators.</p><p>The investigation shows that the relevant market in this case is the online music playback platform market in China. Genuine music copyright is the core asset and key resource of the operation of online music playing platform. In 2016, Tencent and China Music Group had about 30% and 40% in the relevant market shares, respectively. Tencent gained a higher market share by merging with its main competitors in the market. After concentration, the entity occupied more than 80% of the exclusive music library resources, which may be able to urge the upstream copyright owners to reach more exclusive copyright agreements with them, or require them to be given better trading conditions than their competitors, or raise market entry barriers by paying high advance payment and other copyright payment modes, which has or may have the effect of excluding and restricting competition in the relevant market.</p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Gone is the rough competitive way of relying on top music copyrights to drive growth and user retention.</p><p>In 2014, QQ Music, which was still a product of Tencent at that time, had already launched an attack on NetEase Cloud Music in terms of copyright. At the end of 2014, QQ Music sued NetEase Cloud Music, claiming that 623 online music pieces such as \"Where Has Time Gone\", which NetEase Cloud Music disseminated to the public without authorization, were suspected of infringement.</p><p>In the end, the Wuhan Intermediate People's Court ruled that NetEase Cloud Music was suspected of infringement, and issued a network ban on NetEase Cloud Music, ordering it to delete relevant content. What users can perceive is that NetEase Cloud Music has more songs that have \"turned gray\". QQ Music, which has tasted the sweetness, has also begun to build its copyright empire.</p><p>A large number of early music copyrights of TME came from the merger of China Music Group (hereinafter referred to as CMC). In the early years, Ocean Music, which had signed a large number of exclusive music copyrights at a low price, successively completed the merger and acquisition of Kuwo Music and Kugou Music, and established a new \"Ocean Music Group\", which was later renamed \"China Music Group\".</p><p>At that time, online music was not favored by capital. After several IPOs hit a wall, CMC finally chose to cooperate with Tencent to merge the digital music business. On July 12, 2016, Tencent acquired CMC through a series of transactions. In January 2017, Tencent announced that QQ Music Business and CMC merged to form a new music group and changed its name to Tencent Music Entertainment Group.</p><p>After that, the TME was respectively<a href=\"https://laohu8.com/S/SNE\">Sony</a>Music Entertainment (SME), Universal Music Group (UMG) and<a href=\"https://laohu8.com/S/WMG\">Warner Music</a>Group (EWMG) cooperated to obtain the exclusive streaming media rights in China of these three global music labels, and they have exclusively owned them for a long time. This puts TME far ahead in the competition with NetEase Cloud Music.</p><p>In February 2018, under the impetus of the National Copyright Administration, TME and NetEase Cloud Music reached a copyright cooperation, and the mutually authorized music works must reach 99% of their respective exclusive music works.</p><p>Judging from the figures published in the prospectus in 2018, TME had more than 20 million tracks from more than 200 domestic and foreign music labels at that time, and 1% of them were 200,000 songs. There is still enough room for operation to limit opponents.</p><p>NetEase Cloud Music re-entered into music copyright licensing cooperation with Warner and Universal Music in 2020. On May 18, 2021, NetEase Cloud Music announced that it would<a href=\"https://laohu8.com/S/SONY\">Sony</a>Music Entertainment (SME) has reached a copyright cooperation, which means that NetEase Cloud Music has also obtained the music copyrights of the world's three major record companies. NetEase Cloud Music has since completely broken TME's blockade on top record companies.</p><p>Although the territory owned by TME has been continuously reduced, it still maintains a large number of exclusive content cards, mainly in the following categories: 1) Several top Asian labels, including Modern Sky in mainland China, YG in South Korea and JVR owned by Jay Chou; 2) Several less advantageous Western label companies, such as Cooking Vinyl and Kobalt Music; 3) Music rights to popular TV and network reality shows, such as Youth With You and Creation Camp; 4) New original musicians hatched by the platform.</p><p>As early as TME's listing prospectus, there has been a risk warning on copyright issues, and its revenue model and business transformation seem to prove to the outside world that this entertainment building will not be dumped due to copyright issues. The foundation composed of rich long video content, live broadcast business and social exploration is enough to cope with the advent of risk turmoil.</p><p>In February 2021, the closure of Xiami Music, which has been in operation for 12 years and served over 100 million users, has brought more public and regulatory attention to TME. So far, there are only 3 major practitioners left.</p><p>Exclusive music copyright can no longer become the core competitiveness, and TME has once again enhanced the importance of incubating content.</p><p>On June 25, 2021, Tencent Music Group announced the establishment of a content business line, which is responsible for the overall planning, strategy formulation and overall management of music content-related businesses. On the basis of the original content cooperation department, a musician open platform department, a content studio group, a music cloud business center, a publicity market center, and a list and data product center will be set up.</p><p>Then on July 9th, TME's internal email showed that it announced the adjustment of its business lines and related personnel including QQ Music and Kuwo. In this adjustment, the QQ Music business line will set up a long audio business center, which is responsible for the product research and development of the QQ Music long audio zone; The most profitable business of Cool Music, Juxing Live, will be led by Xie Huan, an executive of Cool Dog Music; The commercialization of my music business line will be handed over to Liu Xiankai, general manager of Tencent Music's commercial advertising department.</p><p>According to the interface news report, an offline director of Kuwo Music said that the long audio business will be separated from Kuwo to form an independent BU, Kuwo's live broadcast business \"Juxing\" will be handed over to Kugou executives, and Kuwo's commercial business will be handed over to the relevant leaders of QQ Music. \"The current trend of (Kuwo) is to split the business and integrate it into other departments to ease policy pressure.\"</p><p><img src=\"https://static.tigerbbs.com/92b94122f6e8fae2bfd4b7f45c1d2891\" tg-width=\"750\" tg-height=\"2592\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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(hereinafter referred to as Tencent) 's acquisition of equity of China Music Group in July 2016 for suspected illegal concentration of operators.</p><p>The investigation shows that the relevant market in this case is the online music playback platform market in China. Genuine music copyright is the core asset and key resource of the operation of online music playing platform. In 2016, Tencent and China Music Group had about 30% and 40% in the relevant market shares, respectively. Tencent gained a higher market share by merging with its main competitors in the market. After concentration, the entity occupied more than 80% of the exclusive music library resources, which may be able to urge the upstream copyright owners to reach more exclusive copyright agreements with them, or require them to be given better trading conditions than their competitors, or raise market entry barriers by paying high advance payment and other copyright payment modes, which has or may have the effect of excluding and restricting competition in the relevant market.</p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music</a>Gone is the rough competitive way of relying on top music copyrights to drive growth and user retention.</p><p>In 2014, QQ Music, which was still a product of Tencent at that time, had already launched an attack on NetEase Cloud Music in terms of copyright. At the end of 2014, QQ Music sued NetEase Cloud Music, claiming that 623 online music pieces such as \"Where Has Time Gone\", which NetEase Cloud Music disseminated to the public without authorization, were suspected of infringement.</p><p>In the end, the Wuhan Intermediate People's Court ruled that NetEase Cloud Music was suspected of infringement, and issued a network ban on NetEase Cloud Music, ordering it to delete relevant content. What users can perceive is that NetEase Cloud Music has more songs that have \"turned gray\". QQ Music, which has tasted the sweetness, has also begun to build its copyright empire.</p><p>A large number of early music copyrights of TME came from the merger of China Music Group (hereinafter referred to as CMC). In the early years, Ocean Music, which had signed a large number of exclusive music copyrights at a low price, successively completed the merger and acquisition of Kuwo Music and Kugou Music, and established a new \"Ocean Music Group\", which was later renamed \"China Music Group\".</p><p>At that time, online music was not favored by capital. After several IPOs hit a wall, CMC finally chose to cooperate with Tencent to merge the digital music business. On July 12, 2016, Tencent acquired CMC through a series of transactions. In January 2017, Tencent announced that QQ Music Business and CMC merged to form a new music group and changed its name to Tencent Music Entertainment Group.</p><p>After that, the TME was respectively<a href=\"https://laohu8.com/S/SNE\">Sony</a>Music Entertainment (SME), Universal Music Group (UMG) and<a href=\"https://laohu8.com/S/WMG\">Warner Music</a>Group (EWMG) cooperated to obtain the exclusive streaming media rights in China of these three global music labels, and they have exclusively owned them for a long time. This puts TME far ahead in the competition with NetEase Cloud Music.</p><p>In February 2018, under the impetus of the National Copyright Administration, TME and NetEase Cloud Music reached a copyright cooperation, and the mutually authorized music works must reach 99% of their respective exclusive music works.</p><p>Judging from the figures published in the prospectus in 2018, TME had more than 20 million tracks from more than 200 domestic and foreign music labels at that time, and 1% of them were 200,000 songs. There is still enough room for operation to limit opponents.</p><p>NetEase Cloud Music re-entered into music copyright licensing cooperation with Warner and Universal Music in 2020. On May 18, 2021, NetEase Cloud Music announced that it would<a href=\"https://laohu8.com/S/SONY\">Sony</a>Music Entertainment (SME) has reached a copyright cooperation, which means that NetEase Cloud Music has also obtained the music copyrights of the world's three major record companies. NetEase Cloud Music has since completely broken TME's blockade on top record companies.</p><p>Although the territory owned by TME has been continuously reduced, it still maintains a large number of exclusive content cards, mainly in the following categories: 1) Several top Asian labels, including Modern Sky in mainland China, YG in South Korea and JVR owned by Jay Chou; 2) Several less advantageous Western label companies, such as Cooking Vinyl and Kobalt Music; 3) Music rights to popular TV and network reality shows, such as Youth With You and Creation Camp; 4) New original musicians hatched by the platform.</p><p>As early as TME's listing prospectus, there has been a risk warning on copyright issues, and its revenue model and business transformation seem to prove to the outside world that this entertainment building will not be dumped due to copyright issues. The foundation composed of rich long video content, live broadcast business and social exploration is enough to cope with the advent of risk turmoil.</p><p>In February 2021, the closure of Xiami Music, which has been in operation for 12 years and served over 100 million users, has brought more public and regulatory attention to TME. So far, there are only 3 major practitioners left.</p><p>Exclusive music copyright can no longer become the core competitiveness, and TME has once again enhanced the importance of incubating content.</p><p>On June 25, 2021, Tencent Music Group announced the establishment of a content business line, which is responsible for the overall planning, strategy formulation and overall management of music content-related businesses. On the basis of the original content cooperation department, a musician open platform department, a content studio group, a music cloud business center, a publicity market center, and a list and data product center will be set up.</p><p>Then on July 9th, TME's internal email showed that it announced the adjustment of its business lines and related personnel including QQ Music and Kuwo. In this adjustment, the QQ Music business line will set up a long audio business center, which is responsible for the product research and development of the QQ Music long audio zone; The most profitable business of Cool Music, Juxing Live, will be led by Xie Huan, an executive of Cool Dog Music; The commercialization of my music business line will be handed over to Liu Xiankai, general manager of Tencent Music's commercial advertising department.</p><p>According to the interface news report, an offline director of Kuwo Music said that the long audio business will be separated from Kuwo to form an independent BU, Kuwo's live broadcast business \"Juxing\" will be handed over to Kugou executives, and Kuwo's commercial business will be handed over to the relevant leaders of QQ Music. \"The current trend of (Kuwo) is to split the business and integrate it into other departments to ease policy pressure.\"</p><p><img src=\"https://static.tigerbbs.com/92b94122f6e8fae2bfd4b7f45c1d2891\" tg-width=\"750\" tg-height=\"2592\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e4cfb506ffb58f1fc2c6e75a4e50dab8","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153002933","content_text":"国家市场监管总局于7月24日发布公告,依法对腾讯控股有限公司作出责令解除网络音乐独家版权等处罚。\n此次处罚的一大不同在于,本案为《反垄断法》对违法实施经营者集中“采取必要措施恢复市场竞争状态”的第一起案件。\n此前的反垄断处罚方式多以“补罚”搭配对接下来的经营提出指导性要求为主,而此次则对腾讯明确列出了非常具体的整改措施,包括合同内哪些协议需要解除,需要在什么时间内完成解除等。事实上再次丰富了反垄断执法工具箱。\n据市场监管总局消息,2021年1月,市场监管总局根据举报,对腾讯控股有限公司(以下简称腾讯)2016年7月收购中国音乐集团股权涉嫌违法实施经营者集中行为立案调查。\n调查表明,本案相关市场为中国境内网络音乐播放平台市场。正版音乐版权是网络音乐播放平台运营的核心资产和关键性资源。2016年腾讯和中国音乐集团在相关市场份额分别为30%和40%左右,腾讯通过与市场主要竞争对手合并,获得较高的市场份额,集中后实体占有的独家曲库资源超过80%,可能有能力促使上游版权方与其达成更多独家版权协议,或要求给予其优于竞争对手的交易条件,也可能有能力通过支付高额预付金等版权付费模式提高市场进入壁垒,对相关市场具有或者可能具有排除、限制竞争效果。\n腾讯音乐靠顶级音乐版权拉动增长和用户留存的粗旷竞争方式一去不复返。\n2014年,彼时还是腾讯旗下产品的QQ音乐,就已经在版权方面对网易云音乐发起进攻。2014年末,QQ音乐曾起诉网易云音乐,称网易云音乐未经授权向公众传播的《时间都去哪了》等623首网络音乐涉嫌侵权行为。\n最终,武汉市中级人民法院判定,网易云音乐涉嫌侵权行为,对网易云音乐发出网络禁令,勒令其删除相关内容。用户能感知到的,就是网易云音乐“变灰”的歌曲多起来了。而尝到甜头的QQ音乐,也开始构建它的版权帝国。\nTME早期大量音乐版权来自于对中国音乐集团的合并(以下简称CMC)。早年已低价签下大量独家音乐版权的海洋音乐,先后完成对酷我音乐和酷狗音乐的并购,并组建起新的“海洋音乐集团”,后改名为“中国音乐集团”。\n当时,在线音乐并不受到资本青睐。在多次IPO碰壁后,CMC最终选择与腾讯合作,将数字音乐业务进行合并。2016年7月12日,腾讯通过一系列交易收购 CMC。2017年1月,腾讯宣布,QQ音乐业务和CMC合并成为新的音乐集团,并更名为腾讯音乐娱乐集团。\n之后,TME分别于索尼音乐娱乐(SME)、环球音乐集团(UMG)和华纳音乐集团(EWMG)合作,获得了这三大全球音乐厂牌的中国独家流媒体版权,并长期独家拥有。这使得TME在与网易云音乐的竞争中遥遥领先。\n2018年2月,在国家版权局的推动下,TME与网易云音乐达成版权合作,相互授权音乐作品需达到各自独家音乐作品数量99%。\n以2018年招股书上公布的数字来看,彼时TME拥有 200 多个国内外音乐厂牌的超过 2000 万首曲目,其1%则为20万首歌曲,这里面依然有足够的操作空间来限制对手。\n网易云音乐于2020年和华纳、环球音乐重新达成音乐版权授权合作。2021年5月18日,网易云音乐宣布与索尼音乐娱乐(SME)达成版权合作,这意味着网易云音乐同时获得了这全球三大唱片公司的音乐版权。网易云音乐也自此完全打破TME对顶级唱片公司的封锁。\n尽管TME所拥有的地盘被不断削减,但其仍保有大量独家内容底牌,主要有以下几类:1)几个亚洲顶级厂牌,包括中国大陆的摩登天空、韩国的YG和周杰伦拥有的JVR;2)几个不太有优势的西方厂牌公司,如Cooking Vinyl和Kobalt Music;3)热门电视和网络真人秀节目的音乐版权,如《青春有你》和《创造营》;4)平台孵化出的新原创音乐人。\n早在TME上市招股书中就已经有对版权问题进行过风险提示,而其营收模式和业务转型也似乎是在向外界证明这座娱乐大厦不会因为版权问题而倾倒,丰富的长视频内容、直播业务和对社交的探索组成的地基,足以应对风险动荡的来临。\n2021年2月,运营12年,服务过亿用户的虾米音乐的关闭,给TME带来了更多公众和监管部门的关注,至此主要从业者仅剩3家。\n独家音乐版权已无法成为核心竞争力,TME再次提升了孵化内容的重要性。\n2021年6月25日,腾讯音乐集团宣布成立内容业务线,负责音乐内容相关业务的整体规划、战略制定和统筹管理。将在原有的内容合作部的基础上成立音乐人开放平台部、内容工作室群、音乐云业务中心、宣推市场中心及榜单和数据产品中心。\n随后的7月9日,TME内部邮件显示,宣布对QQ音乐和酷我在内的业务线和相关人员进行调整。在本次调整中,QQ音乐业务线将成立长音频业务中心,负责QQ音乐长音频专区的产品研发工作;酷我音乐旗下最赚钱的业务“聚星直播”,将交由酷狗音乐的高管谢欢领导;酷我音乐业务线的商业化业务将交给腾讯音乐商业广告部总经理刘宪凯负责。\n据界面新闻报道,酷我音乐线下一位总监表示,将长音频业务从酷我剥离出去组建独立BU,将酷我的直播业务“聚星”交给酷狗高管领导,将酷我商业化业务交给QQ音乐的相关领导负责,“(酷我)现在的趋势就是拆分业务,整合进其它部门,缓解政策压力”。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174453028,"gmtCreate":1627130618664,"gmtModify":1703484631001,"author":{"id":"3585711731655298","authorId":"3585711731655298","name":"sky老夫子","avatar":"https://static.tigerbbs.com/1b6bc4b535fe31e2cb1d2b45246766d8","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3585711731655298","idStr":"3585711731655298"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/174453028","repostId":"1194494092","repostType":4,"repost":{"id":"1194494092","kind":"news","pubTimestamp":1627109486,"share":"https://ttm.financial/m/news/1194494092?lang=en_US&edition=fundamental","pubTime":"2021-07-24 14:51","market":"hk","language":"zh","title":"The \"secret\" of ten times the base, how can Christians really make money?","url":"https://stock-news.laohu8.com/highlight/detail?id=1194494092","media":" 兴证全球基金","summary":"挖掘出十倍的投资标的,无疑是所有投资者的梦想。正所谓难以实现才叫梦想,但是我们发现身边依旧有着这样一些“梦想实现者”。他们是如何做到的呢?\n为什么是十倍?\n“十倍”(Tenbagger)是美国投资大师","content":"<p>It is undoubtedly the dream of all investors to dig out ten times the investment target. As the saying goes, it is difficult to realize a dream, but we find that there are still some \"dream realizers\" around us. How do they do it?</p><p><b>Why tenfold?</b></p><p>\"Tenbagger\" is a word mentioned by American investment guru Peter Lynch in his autobiography \"One Up On Wall Street\".</p><p>It roughly means a stock whose stock price can rise 10 times after long-term development and with the support of revenue and profit growth.</p><p>Peter Lynch once wrote in his autobiography:<b>The best way to find ten-fold stocks is to start from the side. If you can't find them there, go to the shopping mall to look for them. His early attachment with ten-fold stocks also started from the \"side\".</b></p><p>Peter Lynch once found that all three of his daughters were using cosmetics from a company called The body Shop. Although The body Shop is a beauty brand, most of its chain stores in Europe and America are located in more conspicuous places such as street corners, not just in shopping malls.</p><p>Peter Lynch's research found that this company's products are relatively standardized, the price is affordable, and its customers cover a wide age group. Expansion by increasing franchise chain stores, and multinational operation from the beginning, the market expansion ability is very strong.</p><p>Peter Lynch seized the opportunity, and after The body Shop went public in the UK, the share price climbed steadily, eventually becoming a veritable Tenbagger (ten-fold stock).</p><p><b>Tenbagger in Public Offering of Fund Market</b></p><p>Tenbagger was later extended to the fund circle, which refers to funds whose net value has increased ten times or more compared with the time of issuance. As of June 25, 2021, there are 56 tenfold funds in domestic public funds. (Data source: Galaxy Securities, as of 2021/6/25)</p><p>What kind of markets have these funds experienced, and what are their common characteristics?</p><p><b>Birth-mostly born in or before 2006</b></p><p>Among the 56 funds, except for 2 funds, the remaining 54 funds were established in 2006 and before. They have experienced the big bull market from 2006 to 2007, and also experienced the market decline in 2008. They have gone through several bull-bear conversions. As of June 25, 2021, the average establishment time is 16.6 years. (Data source: Galaxy Securities, as of 2021/6/25)</p><p><b>It can be seen that a good investment does take time to witness.</b></p><p>The establishment time of ten-fold base and the corresponding index point</p><p><img src=\"https://static.tigerbbs.com/2287c6895d9a9cc1d15c36637e290d10\" tg-width=\"1000\" tg-height=\"407\" referrerpolicy=\"no-referrer\"></p><p>Data source: Galaxy Securities, as of June 25, 2021, the bar chart represents the ten-fold number of funds established in that year, the line chart represents the Shanghai Composite Index, the left axis is the corresponding index point, and the right axis is the number of funds established. Historical performance does not represent the future, so fund investment needs to be cautious.</p><p><b>Growth-not always the top few in the \"class\"</b></p><p>During the growth process of ten-fold funds, we found that they rarely rank among the top of their class in a single year in a row. One of the important reasons is that these funds are less likely to pursue short-term hot spots and abandon long-term investment strategies and styles.</p><p>Among the 56 ten-fold funds, only 7 funds have won the championship in the same category (2007-2020), 13 funds have not entered the top 10 of the same category in a single year, and few funds have been ranked in the same category for two consecutive years. top 10. (Data source: Galaxy Securities, as of June 25, 2021)</p><p>We have listed the annual \"report cards\" of the top ten-fold funds. These funds cannot always be in the top quarter in the short term, but their value is highlighted under the influence of time.</p><p>Part of the ten-fold base \"report card\"</p><p><img src=\"https://static.tigerbbs.com/971280df3e4665bafe1a50e179559917\" tg-width=\"1000\" tg-height=\"506\" referrerpolicy=\"no-referrer\"></p><p>Data source: Galaxy Securities, as of 2021/6/25. Historical performance does not represent the future, so fund investment needs to be cautious.</p><p><b>Adults-Solving \"difficult problems\" is a compulsory course</b></p><p>The A-share market has short bulls and long bears. Ten times base has often experienced several bear markets, and difficult problems are also their compulsory courses.</p><p>We have selected several typical unilateral downward markets in the A-share market, and the average decline of ten-fold base in these markets is lower than that of Shanghai Composite Index and partial stock fund index.</p><p>Ten-fold basis unilateral downward market performance</p><p><img src=\"https://static.tigerbbs.com/7eb0ab7b7db6441e489079d3818e347c\" tg-width=\"1000\" tg-height=\"453\" referrerpolicy=\"no-referrer\"></p><p>Data source: wind, Galaxy Securities, as of 2021/6/25</p><p>Although this is a \"God's perspective\" method of inquiry, the performance of these funds in the unilateral downward market still gives us some inspiration.</p><p>One of the most important things is,<b>\"Seek undefeated first, then win\", and sophisticated investors are familiar with it, a 50% drop requires about 100% increase to get back to the original point</b>。</p><p>Not only that, in the regular reports of ten times base, we found that during the hot market period, most ten times funds have a certain defensive tendency towards the market. In the first quarterly report of 2007, the reports of many of the above funds mentioned \"improving the defensiveness of the portfolio\"; In 2015, some ten-fold fund reports mentioned \"reducing shareholding concentration\" and so on.</p><p><b>Therefore, the ten-fold base not only relies on the rise in the \"easy\" market, but also relies on the fact that it will not perform too badly when facing difficult \"test papers\".</b></p><p><b>Success-the bonus of \"family background\" and \"noble people\"</b></p><p>When exploring the ten-fold base, fund companies and fund managers play an important role.</p><p>Most of the ten times base's family background have solid investment and research capabilities, which is one of the foundations to support the long-term excellent performance of the fund.</p><p><b>From the perspective of fund managers, a good fund manager can be described as a \"noble person\" with ten times the base.</b></p><p>Huabao Securities once produced a four-quadrant diagram of fund managers to depict the industry allocation and investment philosophy of fund managers.</p><p>Overall, there are more ten-fold fund managers in the left quadrant, that is, industries are scattered or concentrated, and industries are less switched. Industry balance and dispersion + less industry switching can control the risk of the portfolio as much as possible; Fund managers with centralized industry allocation + less industry switching are usually firmly optimistic about a certain high-quality track and hold it for a long time.</p><p><img src=\"https://static.tigerbbs.com/b85062db9868a316890ff75fbab0ea3b\" tg-width=\"524\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p>Source: Warburg Securities</p><p>Of course, when choosing a ten-fold base, you should also pay attention to analyzing the time in management and related performance of the current fund manager, and choose products that are more in line with your risk-return preferences.</p><p><b>Who is guarding the \"ten times base\"?</b></p><p><b>In fact, the holders will also experience the growth, adulthood and \"difficult periods\" in the process of a fund. Many people can accompany the fund for one year, but few people can accompany the fund for ten years.</b></p><p><b>The idea of long-term investment is to be a friend of time. 'The most romantic thing I can think of is to grow old with you'.</b></p><p><b>--Mr. Li held the fund for 17 years</b></p><p><b>The longest-term fund investment lasts for more than 10 years, and it was originally bought with children's lucky money. I believe that the long-term power of investment will always persist.</b></p><p><b>--Ms. Han held the fund for 13 years</b></p><p><b>It's possible that I'm the only one who has only bought but not sold since it was released.</b></p><p><b>--\"Looking for Trend Million Holders\" activity message</b></p><p><b>Only through the accumulation and hard work of time can we gain the possibility of qualitative change, grow together and move forward together.</b></p><p><b>--Christians in the discussion forum</b></p><p>Investors have done relevant research and found the holders of the ten-fold base from the regular reports of the fund. Their characteristics are that they dare to buy when the market panics and are more patient than most investors. Some people say that Maybe he \"forgot\" his position, but this \"forgetting\" has also become a staunch guardian of the ten-fold base from another aspect.</p><p><b>Finally, reasonable expectations are the prerequisite for investment and companionship. The road to investment requires both strength and endurance. If it is a high-quality fund, you might as well give it more time to allow the value to accumulate.</b></p>","source":"lsy1619314504794","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The \"secret\" of ten times the base, how can Christians really make money?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe \"secret\" of ten times the base, how can Christians really make money?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\"> 兴证全球基金</strong><span class=\"h-time small\">2021-07-24 14:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It is undoubtedly the dream of all investors to dig out ten times the investment target. As the saying goes, it is difficult to realize a dream, but we find that there are still some \"dream realizers\" around us. How do they do it?</p><p><b>Why tenfold?</b></p><p>\"Tenbagger\" is a word mentioned by American investment guru Peter Lynch in his autobiography \"One Up On Wall Street\".</p><p>It roughly means a stock whose stock price can rise 10 times after long-term development and with the support of revenue and profit growth.</p><p>Peter Lynch once wrote in his autobiography:<b>The best way to find ten-fold stocks is to start from the side. If you can't find them there, go to the shopping mall to look for them. His early attachment with ten-fold stocks also started from the \"side\".</b></p><p>Peter Lynch once found that all three of his daughters were using cosmetics from a company called The body Shop. Although The body Shop is a beauty brand, most of its chain stores in Europe and America are located in more conspicuous places such as street corners, not just in shopping malls.</p><p>Peter Lynch's research found that this company's products are relatively standardized, the price is affordable, and its customers cover a wide age group. Expansion by increasing franchise chain stores, and multinational operation from the beginning, the market expansion ability is very strong.</p><p>Peter Lynch seized the opportunity, and after The body Shop went public in the UK, the share price climbed steadily, eventually becoming a veritable Tenbagger (ten-fold stock).</p><p><b>Tenbagger in Public Offering of Fund Market</b></p><p>Tenbagger was later extended to the fund circle, which refers to funds whose net value has increased ten times or more compared with the time of issuance. As of June 25, 2021, there are 56 tenfold funds in domestic public funds. (Data source: Galaxy Securities, as of 2021/6/25)</p><p>What kind of markets have these funds experienced, and what are their common characteristics?</p><p><b>Birth-mostly born in or before 2006</b></p><p>Among the 56 funds, except for 2 funds, the remaining 54 funds were established in 2006 and before. They have experienced the big bull market from 2006 to 2007, and also experienced the market decline in 2008. They have gone through several bull-bear conversions. As of June 25, 2021, the average establishment time is 16.6 years. (Data source: Galaxy Securities, as of 2021/6/25)</p><p><b>It can be seen that a good investment does take time to witness.</b></p><p>The establishment time of ten-fold base and the corresponding index point</p><p><img src=\"https://static.tigerbbs.com/2287c6895d9a9cc1d15c36637e290d10\" tg-width=\"1000\" tg-height=\"407\" referrerpolicy=\"no-referrer\"></p><p>Data source: Galaxy Securities, as of June 25, 2021, the bar chart represents the ten-fold number of funds established in that year, the line chart represents the Shanghai Composite Index, the left axis is the corresponding index point, and the right axis is the number of funds established. Historical performance does not represent the future, so fund investment needs to be cautious.</p><p><b>Growth-not always the top few in the \"class\"</b></p><p>During the growth process of ten-fold funds, we found that they rarely rank among the top of their class in a single year in a row. One of the important reasons is that these funds are less likely to pursue short-term hot spots and abandon long-term investment strategies and styles.</p><p>Among the 56 ten-fold funds, only 7 funds have won the championship in the same category (2007-2020), 13 funds have not entered the top 10 of the same category in a single year, and few funds have been ranked in the same category for two consecutive years. top 10. (Data source: Galaxy Securities, as of June 25, 2021)</p><p>We have listed the annual \"report cards\" of the top ten-fold funds. These funds cannot always be in the top quarter in the short term, but their value is highlighted under the influence of time.</p><p>Part of the ten-fold base \"report card\"</p><p><img src=\"https://static.tigerbbs.com/971280df3e4665bafe1a50e179559917\" tg-width=\"1000\" tg-height=\"506\" referrerpolicy=\"no-referrer\"></p><p>Data source: Galaxy Securities, as of 2021/6/25. Historical performance does not represent the future, so fund investment needs to be cautious.</p><p><b>Adults-Solving \"difficult problems\" is a compulsory course</b></p><p>The A-share market has short bulls and long bears. Ten times base has often experienced several bear markets, and difficult problems are also their compulsory courses.</p><p>We have selected several typical unilateral downward markets in the A-share market, and the average decline of ten-fold base in these markets is lower than that of Shanghai Composite Index and partial stock fund index.</p><p>Ten-fold basis unilateral downward market performance</p><p><img src=\"https://static.tigerbbs.com/7eb0ab7b7db6441e489079d3818e347c\" tg-width=\"1000\" tg-height=\"453\" referrerpolicy=\"no-referrer\"></p><p>Data source: wind, Galaxy Securities, as of 2021/6/25</p><p>Although this is a \"God's perspective\" method of inquiry, the performance of these funds in the unilateral downward market still gives us some inspiration.</p><p>One of the most important things is,<b>\"Seek undefeated first, then win\", and sophisticated investors are familiar with it, a 50% drop requires about 100% increase to get back to the original point</b>。</p><p>Not only that, in the regular reports of ten times base, we found that during the hot market period, most ten times funds have a certain defensive tendency towards the market. In the first quarterly report of 2007, the reports of many of the above funds mentioned \"improving the defensiveness of the portfolio\"; In 2015, some ten-fold fund reports mentioned \"reducing shareholding concentration\" and so on.</p><p><b>Therefore, the ten-fold base not only relies on the rise in the \"easy\" market, but also relies on the fact that it will not perform too badly when facing difficult \"test papers\".</b></p><p><b>Success-the bonus of \"family background\" and \"noble people\"</b></p><p>When exploring the ten-fold base, fund companies and fund managers play an important role.</p><p>Most of the ten times base's family background have solid investment and research capabilities, which is one of the foundations to support the long-term excellent performance of the fund.</p><p><b>From the perspective of fund managers, a good fund manager can be described as a \"noble person\" with ten times the base.</b></p><p>Huabao Securities once produced a four-quadrant diagram of fund managers to depict the industry allocation and investment philosophy of fund managers.</p><p>Overall, there are more ten-fold fund managers in the left quadrant, that is, industries are scattered or concentrated, and industries are less switched. Industry balance and dispersion + less industry switching can control the risk of the portfolio as much as possible; Fund managers with centralized industry allocation + less industry switching are usually firmly optimistic about a certain high-quality track and hold it for a long time.</p><p><img src=\"https://static.tigerbbs.com/b85062db9868a316890ff75fbab0ea3b\" tg-width=\"524\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p>Source: Warburg Securities</p><p>Of course, when choosing a ten-fold base, you should also pay attention to analyzing the time in management and related performance of the current fund manager, and choose products that are more in line with your risk-return preferences.</p><p><b>Who is guarding the \"ten times base\"?</b></p><p><b>In fact, the holders will also experience the growth, adulthood and \"difficult periods\" in the process of a fund. Many people can accompany the fund for one year, but few people can accompany the fund for ten years.</b></p><p><b>The idea of long-term investment is to be a friend of time. 'The most romantic thing I can think of is to grow old with you'.</b></p><p><b>--Mr. Li held the fund for 17 years</b></p><p><b>The longest-term fund investment lasts for more than 10 years, and it was originally bought with children's lucky money. I believe that the long-term power of investment will always persist.</b></p><p><b>--Ms. Han held the fund for 13 years</b></p><p><b>It's possible that I'm the only one who has only bought but not sold since it was released.</b></p><p><b>--\"Looking for Trend Million Holders\" activity message</b></p><p><b>Only through the accumulation and hard work of time can we gain the possibility of qualitative change, grow together and move forward together.</b></p><p><b>--Christians in the discussion forum</b></p><p>Investors have done relevant research and found the holders of the ten-fold base from the regular reports of the fund. Their characteristics are that they dare to buy when the market panics and are more patient than most investors. Some people say that Maybe he \"forgot\" his position, but this \"forgetting\" has also become a staunch guardian of the ten-fold base from another aspect.</p><p><b>Finally, reasonable expectations are the prerequisite for investment and companionship. The road to investment requires both strength and endurance. If it is a high-quality fund, you might as well give it more time to allow the value to accumulate.</b></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://mp.weixin.qq.com/s/yZkwS_Je07rH8a47gyUlEA\"> 兴证全球基金</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/753c9aba3202037bc97463c545d5d015","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/yZkwS_Je07rH8a47gyUlEA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194494092","content_text":"挖掘出十倍的投资标的,无疑是所有投资者的梦想。正所谓难以实现才叫梦想,但是我们发现身边依旧有着这样一些“梦想实现者”。他们是如何做到的呢?\n为什么是十倍?\n“十倍”(Tenbagger)是美国投资大师彼得·林奇在其自传《One Up On Wall Street》中提及的词汇。\n大概意思是指企业经过长期发展,在营收与利润增长的支持下,股价能够上涨10倍的股票。\n彼得·林奇在自传中曾写道:寻找十倍股最佳的方式就是从身边找起,在那里找不到,就去购物中心里去找,而他早期与十倍股结缘,也正是从“身边”开始的。\n彼得·林奇有一次发现自己的三个女儿都在使用来自一家名叫美体小铺(The body Shop)公司的化妆品。The body Shop 虽然是一个美妆品牌,但它在欧美地区的大多数连锁店,都是开在街角等较为显眼的地方,而不仅仅是在商场里。\n彼得·林奇研究发现,这家公司的产品相对标准化,价格亲民,客户覆盖的年龄段相当宽泛。通过增加特许连锁店的方式进行扩张,而且一开始就进行跨国经营,市场扩张能力很强。\n彼得·林奇把握住了这一机会,The body Shop 在英国上市后,股价节节攀升,最终成为名副其实的Tenbagger(十倍股)。\n公募基金市场中的Tenbagger\nTenbagger后来也被延用到了基金圈,意指基金净值较发行时增长十倍及以上的基金,截至到2021年6月25日,国内公募基金共有56只十倍基。(数据来源:银河证券,截至2021/6/25)\n这些基金都经历过怎样的市场,又都有什么共同的特点呢?\n出生——大部分生于2006年及之前\n在56只基金中,除了2只基金,其余54只基金均成立于2006年及之前,经历过2006年-2007年的大牛市,也经历过2008年市场下跌,历经数度牛熊转换,截至2021年6月25日,平均成立时间16.6年。(数据来源:银河证券,截至2021/6/25)\n可见,好的投资,确实需要时间的见证。\n十倍基成立时间及对应指数点位\n\n数据来源:银河证券,截至2021/6/25,柱状图代表在当年成立的十倍基数量,折线图代表沪指,左侧轴为相对应指数点位,右侧为基金成立数量。历史业绩不代表未来,基金投资需谨慎。\n成长——不总是“班上”前几名\n在十倍基的成长过程中,我们发现,它们很少能连续在单一年度业绩排在同类前几名,其中重要的原因之一是,这些基金较少会追求短期热点而放弃长期坚持的投资策略和风格。\n在56只十倍基中,仅有7只基金曾获得过同类别冠军(2007年-2020年),有13只基金未进入过单一年度同类前10,鲜有基金能连续两年排进同类前10。(数据来源:银河证券,截至2021/6/25)\n我们罗列了排在前几位的十倍基每年的“成绩单”,这些基金在短期内无法总在前1/4,但在时间的作用下价值凸显。\n部分十倍基“成绩单”\n\n数据来源:银河证券,截至2021/6/25。历史业绩不代表未来,基金投资需谨慎。\n成人——解决“难题”是必修课\nA股市场牛短熊长,十倍基往往都经历过数个熊市,而难题也是它们的必修课。\n我们选取了A股市场中几个较为典型的单边下行市场,十倍基在这些市场中的平均跌幅均低于上证指数及偏股基金指数。\n十倍基单边下行市场表现情况\n\n数据来源:wind,银河证券,截至2021/6/25\n尽管这是一种“上帝视角”的探究方式,但这些基金在单边下行市场中的表现,还是给了我们一定的启发。\n其中很重要的一条是,“先求不败,再求胜”,而老练的投资者熟知,下跌50%,需要约100%的涨幅才能回到原点。\n不仅如此,在十倍基的定期报告中我们发现,在市场较热时期,大部分的十倍基金对市场都有一定的防守倾向,2007年一季报中,上述基金中多只基金的报告中提到“提高组合防御性”;2015年部分十倍基金报告中提及“降低持股集中度”等。\n所以,十倍基不仅仅是靠着“容易”市场中的上涨,还靠着在面对难“试卷”的时候,也不会表现得太差。\n成功 —— “家世”与“贵人”的加成\n探究十倍基,基金公司及基金经理扮演着重要的角色。\n十倍基的家世,多数都拥有扎实的投研实力,这是支撑基金长期业绩优异的基础之一。\n从基金经理来看,好的基金经理可谓是十倍基的“贵人”。\n华宝证券曾制作基金经理四象限图,刻画基金经理的行业配置及投资理念。\n整体来看,十倍基基金经理在左侧象限较多,即行业分散或集中、行业少切换。行业均衡分散+行业少切换可以尽可能控制组合的风险;行业集中配置+行业少切换的基金经理通常较为坚定看好某一优质赛道并长期持有。\n\n资料来源:华宝证券\n当然,在选择十倍基的时候,也要注意分析现任基金经理的在管时间和相关业绩表现,选择更符合自己风险收益偏好的产品。\n谁在守护“十倍基”?\n实际上,一只基金经历的成长、成人以及过程中的“困难时期”,持有人也一样会经历,而能陪伴基金一年者甚多,但十年者甚少。\n长期投资的理念是要做时间的朋友,‘我能想到最浪漫的事就是和你一起慢慢变老’。\n——李先生 持有基金17年\n最长期的基金投资不止10年,最开始是用小孩的压岁钱买的。相信投资的长期力量,会一直坚持。\n——韩女士 持有基金13年\n我有可能是唯一一个从发行到现在只买不卖的人。\n—— “寻找趋势百万持有人”活动留言\n只有经过时间的积累和努力才有收获质变的可能,一起成长,共同前行。\n—— 讨论区基民\n投资人记事曾做过相关研究,从基金定期报告中,找到十倍基的持有者,他们的特点是,敢于在市场恐慌的时候买入,并比多数投资者更有耐心,有人说,也许他“遗忘”了自己的持仓,但这种“遗忘”,也从另一个侧面成为了十倍基的坚定守护者。\n最后,合理的预期是投资和陪伴的前提。投资之路,既要比拼实力,也要比拼耐力,如果是一只优质的基金,不妨多给它一些时间,让价值沉淀。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142881061,"gmtCreate":1626140877653,"gmtModify":1703754124667,"author":{"id":"3585711731655298","authorId":"3585711731655298","name":"sky老夫子","avatar":"https://static.tigerbbs.com/1b6bc4b535fe31e2cb1d2b45246766d8","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3585711731655298","idStr":"3585711731655298"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142881061","repostId":"1199045893","repostType":4,"repost":{"id":"1199045893","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626139221,"share":"https://ttm.financial/m/news/1199045893?lang=en_US&edition=fundamental","pubTime":"2021-07-13 09:20","market":"hk","language":"zh","title":"Opening: The Hang Seng Index opened up 0.65%, and both new stocks broke for the first time","url":"https://stock-news.laohu8.com/highlight/detail?id=1199045893","media":"老虎资讯综合","summary":"7月13日,恒生指数开盘上涨178.79点,涨幅0.65%,报27694.03点;国企指数开盘上涨49.98点,涨幅0.5%,报9995.71点;红筹指数开盘上涨18.1点,涨幅0.47%,报3867","content":"<p>On July 13, the Hang Seng Index opened up 178.79 points, or 0.65%, to 27694.03 points; The China Enterprise Index opened up 49.98 points, or 0.5%, to 9,995.71 points; The red chip index opened up 18.1 points, or 0.47%, to 3867.61 points.</p><p>The Hang Seng Technology Index rose 0.54%, and large technology stocks rebounded.<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/09888\">Baidu Group-SW</a>、<a href=\"https://laohu8.com/S/09618\">Jingdong Group-SW</a>Both rose more than 1%;</p><p>Hong Kong mobile game stocks were among the top gainers,<a href=\"https://laohu8.com/S/02660\">Zen Tour Technology</a>Up 3.36%,<a href=\"https://laohu8.com/S/09999\">NetEase-S</a>Up 2.13%,<a href=\"https://laohu8.com/S/00302\">China Mobile Games</a>Up 0.52%;</p><p>NEW SHARE<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>It broke on the first day of listing, opening down 8.8%, and the issue price was HK $1.59 per share;</p><p>NEW SHARE<a href=\"https://laohu8.com/S/02137\">Tengsheng Boyao-B</a>It broke on the first day of listing and opened down nearly 4%, with an issue price of HK $22.25 per share;</p><p><a href=\"https://laohu8.com/S/01799\">Xinte Energy</a>Opening 5.75% higher, it is expected that the profit attributable to owners in the first half of the year will be no less than 1.15 billion yuan;</p><p><a href=\"https://laohu8.com/S/09969\">InnoCare-B</a>High opening exceeded 4% and reached a new high, reaching a licensing and cooperation agreement with Bojian on orelabrutinib.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nOpening: The Hang Seng Index opened up 0.65%, and both new stocks broke for the first time\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-13 09:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 13, the Hang Seng Index opened up 178.79 points, or 0.65%, to 27694.03 points; The China Enterprise Index opened up 49.98 points, or 0.5%, to 9,995.71 points; The red chip index opened up 18.1 points, or 0.47%, to 3867.61 points.</p><p>The Hang Seng Technology Index rose 0.54%, and large technology stocks rebounded.<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/09888\">Baidu Group-SW</a>、<a href=\"https://laohu8.com/S/09618\">Jingdong Group-SW</a>Both rose more than 1%;</p><p>Hong Kong mobile game stocks were among the top gainers,<a href=\"https://laohu8.com/S/02660\">Zen Tour Technology</a>Up 3.36%,<a href=\"https://laohu8.com/S/09999\">NetEase-S</a>Up 2.13%,<a href=\"https://laohu8.com/S/00302\">China Mobile Games</a>Up 0.52%;</p><p>NEW SHARE<a href=\"https://laohu8.com/S/06913\">South China Vocational Education</a>It broke on the first day of listing, opening down 8.8%, and the issue price was HK $1.59 per share;</p><p>NEW SHARE<a href=\"https://laohu8.com/S/02137\">Tengsheng Boyao-B</a>It broke on the first day of listing and opened down nearly 4%, with an issue price of HK $22.25 per share;</p><p><a href=\"https://laohu8.com/S/01799\">Xinte Energy</a>Opening 5.75% higher, it is expected that the profit attributable to owners in the first half of the year will be no less than 1.15 billion yuan;</p><p><a href=\"https://laohu8.com/S/09969\">InnoCare-B</a>High opening exceeded 4% and reached a new high, reaching a licensing and cooperation agreement with Bojian on orelabrutinib.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c1cb237e736a4e03c939622e7b71e8e7","relate_stocks":{"513600":"恒生指数ETF","HSI":"恒生指数","HSCEI":"国企指数","02833":"恒指ETF","HSTECH":"恒生科技指数","HSCCI":"红筹指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199045893","content_text":"7月13日,恒生指数开盘上涨178.79点,涨幅0.65%,报27694.03点;国企指数开盘上涨49.98点,涨幅0.5%,报9995.71点;红筹指数开盘上涨18.1点,涨幅0.47%,报3867.61点。\n恒生科技指数涨0.54%,大型科技股反弹,腾讯控股、阿里巴巴、百度集团-SW、京东集团-SW均涨逾1%;\n港股手游股涨幅居前,禅游科技涨3.36%,网易-S涨2.13%,中手游涨0.52%;\n新股华南职业教育上市首日破发,开跌8.8%,发行价为1.59港元/股;\n新股腾盛博药-B上市首日破发,开跌近4%,发行价22.25港元/股;\n新特能源高开5.75% 预期上半年拥有人应占利润不少于11.5亿元;\n诺诚健华-B高开超4%创新高 与渤健就奥布替尼达成许可及合作协议。","news_type":1,"symbols_score_info":{"513600":0.9,"MCHmain":0.9,"HSTECH":0.9,"HSCCI":0.9,"02833":0.9,"MHImain":0.9,"HHImain":0.9,"HSImain":0.9,"HSCEI":0.9,"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":3387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152146011,"gmtCreate":1625278035133,"gmtModify":1703739811090,"author":{"id":"3585711731655298","authorId":"3585711731655298","name":"sky老夫子","avatar":"https://static.tigerbbs.com/1b6bc4b535fe31e2cb1d2b45246766d8","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3585711731655298","idStr":"3585711731655298"},"themes":[],"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/152146011","repostId":"2148162803","repostType":4,"repost":{"id":"2148162803","kind":"news","pubTimestamp":1625235303,"share":"https://ttm.financial/m/news/2148162803?lang=en_US&edition=fundamental","pubTime":"2021-07-02 22:15","market":"hk","language":"zh","title":"Ford electric vehicle sales surge 117% in June, as total U.S. sales fall","url":"https://stock-news.laohu8.com/highlight/detail?id=2148162803","media":"智通财经","summary":"福特汽车今日公布最新统计数据,6月份全美总销量为115789辆,同比下降26.9%。全年销售额增长4.9%。\n6月份电动汽车销量激增117%,创下了56,570辆的上半年销售新纪录。卡车同比销量下滑2","content":"<p><a href=\"https://laohu8.com/S/F\">Ford Motor</a>According to the latest statistics released today, total sales in the United States in June were 115,789 vehicles, a year-on-year decrease of 26.9%. Full-year sales rose 4.9%.</p><p>EV sales surged 117% in June, setting a new first-half sales record of 56,570 units. Truck sales fell 27% year over year to 63,129 units, sedan sales fell 81.8% to 2,868 units, and SUV sales fell 11.5% to 49,792 units. Total retail sales fell 32.5%.</p><p>Sales of F-Series models fell 29.9% year-over-year, with 45,763 units sold. Mustang Mach-E sales rose 27% sequentially. Lincoln suv sales fell 31.9% year-on-year to just 4,800 units. In terms of retail sales, Lincoln SUV sales increased by 23.3% year-on-year, with total sales of 46,018 units.</p><p>Ford SUV sales are up 39% year-to-date, and retail sales in the first half of the year reached their highest level in 20 years, driven by new products.</p>","source":"stock_zhitongcaijing","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>Ford electric vehicle sales surge 117% in June, as total U.S. sales fall</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\">\nFord electric vehicle sales surge 117% in June, as total U.S. sales fall\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2021-07-02 22:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/F\">Ford Motor</a>According to the latest statistics released today, total sales in the United States in June were 115,789 vehicles, a year-on-year decrease of 26.9%. Full-year sales rose 4.9%.</p><p>EV sales surged 117% in June, setting a new first-half sales record of 56,570 units. Truck sales fell 27% year over year to 63,129 units, sedan sales fell 81.8% to 2,868 units, and SUV sales fell 11.5% to 49,792 units. Total retail sales fell 32.5%.</p><p>Sales of F-Series models fell 29.9% year-over-year, with 45,763 units sold. Mustang Mach-E sales rose 27% sequentially. Lincoln suv sales fell 31.9% year-on-year to just 4,800 units. In terms of retail sales, Lincoln SUV sales increased by 23.3% year-on-year, with total sales of 46,018 units.</p><p>Ford SUV sales are up 39% year-to-date, and retail sales in the first half of the year reached their highest level in 20 years, driven by new products.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://www.zhitongcaijing.com/content/detail/506736.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f27c1c8aa54c63bbf415c36a2121f812","relate_stocks":{"F":"福特汽车"},"source_url":"http://www.zhitongcaijing.com/content/detail/506736.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2148162803","content_text":"福特汽车今日公布最新统计数据,6月份全美总销量为115789辆,同比下降26.9%。全年销售额增长4.9%。\n6月份电动汽车销量激增117%,创下了56,570辆的上半年销售新纪录。卡车同比销量下滑27%至63,129辆,轿车销量下滑81.8%至2,868辆,SUV销量下滑11.5%至49,792辆。零售总额下降32.5%。\nF系列的车型同比销量下降了29.9%,销量为45,763辆。Mustang Mach-E 销量环比增长27%。林肯suv销量同比下降了31.9%,仅为4,800辆。在零售方面,林肯SUV销量同比增长了23.3%,总销量为46,018辆。\n年初至今福特SUV销量增长39%,在新产品的推动下,上半年零售额达到了20年来的最高水平。","news_type":1,"symbols_score_info":{"F":0.9}},"isVote":1,"tweetType":1,"viewCount":3113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}