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Jason001
Jason001
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2021-06-24
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Dongpeng special drinks skyrocketed, Genki Forest is too expensive, all bubbles?
东鹏特饮的暴涨“妖风”，终于暂时偃旗息鼓了。 这只老牌功能饮料品牌股，自今年5月27日在A股上市以来，股价一路飙升，在16个交易日里收获了15个涨停板。到6月18日收盘时，股价从46.27元已经涨到了
Dongpeng special drinks skyrocketed, Genki Forest is too expensive, all bubbles?
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Jason001
Jason001
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2021-06-24
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Jason001
Jason001
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2021-06-24
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Jason001
Jason001
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2021-06-24
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Pre-market: US employment data fell short of expectations, sending Nasdaq futures higher.
【重磅数据】 美国至6月19日当周初请失业金人数（万人）：41.1，申请人数自4月底以来首次增加。预期：38，前值：41.2 美国第一季度实际GDP年化季率终值：6.4%，预期：6.4%，前值：6.
Pre-market: US employment data fell short of expectations, sending Nasdaq futures higher.
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Jason001
Jason001
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2021-06-24
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XPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.
小鹏这次在香港上市属于双重上市，受美国SEC和香港SFC双方的监管。
XPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.
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Jason001
Jason001
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2021-06-24
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Big reveal: Windows 11 is coming tonight! What updates can we see?
被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。
Big reveal: Windows 11 is coming tonight! What updates can we see?
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Jason001
Jason001
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2021-06-24
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Chinese concept education stocks rebounded collectively, with Gaotu rising over 7%.
周四美股盘中，中概教育股集体走高，截至发稿，$高途(GOTU)$涨7.3%，$掌门教育(ZME)$涨4.23%，$好未来(TAL)$涨4.14%，$新东方(EDU)$涨3.82%。
Chinese concept education stocks rebounded collectively, with Gaotu rising over 7%.
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Jason001
Jason001
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2021-06-23
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Jason001
Jason001
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2021-06-23
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Jason001
Jason001
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2021-06-23
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Pony.ai will work with Geely to build electric vehicles, joined by XPeng design director
小马智行方面表示不予置评。
Pony.ai will work with Geely to build electric vehicles, joined by XPeng design director
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By the close of trading on June 18th, the stock price had risen from 46.27 yuan to 265.65 yuan, and the market value had doubled five times in just half a month.</p><p>Because it rose too sharply, the company issued seven consecutive stock trading risk warning announcements, but this failed to affect the enthusiasm of A-share investors at all. Although there was a slight decline this week, as of the close of June 23rd, the share price of Dongpeng Special Drink remained at a high level of 254 yuan, with a market value of 101.843 billion yuan.</p><p>Compared with the same energy drink, the P/E of Monster Drink listed in the United States is 33.7 times, while the P/E of Dongpeng Special Drink has reached 125 times.</p><p>Interestingly, in the whole beverage industry track, many beverage stocks maintain extremely high market value, such as the Hong Kong stock market listed last year<a href=\"https://laohu8.com/S/09633\">Nongfu Spring</a>When it went public, it triggered a round of heated discussion because of its high P/E.</p><p>Unlisted companies, such as Genki Forest, now have a price-to-sales ratio of 14.38 with sales of 2.7 billion yuan, which can already benchmark Nongfu Spring.</p><p>Under the high valuation, it is the capital's high confidence in the new beverage track. An investor admitted that there are basically no cheap projects now. Driven by new demands such as sugar-free, health and functionality, the soft drink industry, which once lost its imagination, has ushered in a new focus of competition. The total number of mature categories such as carbonated beverages, juices and dairy beverages has peaked, but high-prosperity sub-categories with sugar-free and sugar-reduced as the core have been derived. As viewed by Huachuang Securities Research Report, the core driving factors of head beverage enterprises have changed from \"products + channels\" to \"innovation iteration + high-end\". It is category innovation and product upgrade that have brought enough imagination to the secondary market.</p><p><img src=\"https://static.tigerbbs.com/7950045fb0e050fcc4b559cdf3187951\" tg-width=\"1399\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"></p><p>Image from Huachuang Securities</p><p>However, can this imagination support the enthusiasm of shareholders?</p><p>01. Soaring all the way</p><p>Investors' enthusiasm for Dongpeng Special Drink was obviously reflected from the first day of its listing. On the first day of listing, Dongpeng Special Drink rose by 44%. On the next trading day, Dongpeng Special Drink maintained a share price increase of about 10% until the highest point on June 18th.</p><p>After 15 daily limits, Dongpeng Special Drink has become the most profitable new stock this year. At the highest point, you can earn nearly 220,000 yuan by winning the first lottery. One signing for a car is really not a dream.</p><p>However, now the static P/E of Dongpeng Special Drink has reached 125 times, the average P/E of the whole A-share food and beverage industry is about 50 times, and the average P/E of the beverage industry in Hong Kong stocks is even lower than 40 times. From this perspective, the current stock price is already ridiculously high.</p><p>Investors are so sought after for Dongpeng Special Drink, first of all, because they chose the right track. The functional beverage track has maintained rapid growth in the past five years, with a compound growth rate of 15%, which is one of the fastest growing sub-categories of soft drinks, while the compound growth rate of the whole soft drink industry in the same period was only 5.9%.</p><p>And the head effect of this track is very obvious. According to the report of Minsheng Securities, in the past ten years, the CR5 (industry concentration index) of functional beverages has remained at about 80% ~90%. In contrast, tea drinks had a CR5 of 63% and fruit juices had a CR5 of 32%.</p><p>Red Bull, the industry leader, occupies 57% of the market share, while Dongpeng Special Drinks has only 15%, less than one-third of it, making it the second-ranked player in this field. The market is often not hesitant to give the number one company in the industry a super high valuation, and when the number one is absent, the glory falls on the second place.</p><p>Dongpeng Special Drink naturally inherits people's long-term optimism for the whole track. Especially in the A-share market, the limited target of excellent soft drinks shows the scarcity of Dongpeng special drinks.</p><p>From the development history of Dongpeng Special Drink itself, this is a company that is still in the growth stage. The past decade of functional beverage market can be said to be the decade in which various domestic brands \"snatched food from the tiger's mouth\" from Red Bull. You know, before 2013, Red Bull had eaten 80% of the market of functional drinks. At its peak, the market share in 2011 reached 89%, when the market share of Dongpeng Special Drink was only 3.9%.</p><p><img src=\"https://static.tigerbbs.com/6048d80e9fc3bb59d7e63ff9693bc897\" tg-width=\"1399\" tg-height=\"811\" referrerpolicy=\"no-referrer\"></p><p>But after 2015, Red Bull was caught up in a trademark dispute, with dozens of games between the founding family of Red Bull of Thailand and its Chinese partner Reignwood Group failing to settle. Various domestic brands take advantage of the situation, such as Lehu launched by Dali Group in 2013, and the new brand War Horse made by Yan Bin, the original Chinese promoter of Red Bull... Red Bull's market share has been declining all the way.</p><p>Dongpeng Special Drink, which has been \"high imitation Red Bull\" in the early days, took the opportunity to reduce canned drinks from 5 yuan to 3.5 yuan, and slowly eroded the market share vacated by Red Bull by sponsoring ICC, World Cup, Chinese Super League and other sports events. Especially after the launch of 500ml gold bottle in 2017, Dongpeng Special Drink opened the gap with Lehu, which killed out halfway, and firmly sat in the second position in the industry.</p><p>At present, Red Bull's lawsuit is unsettled, and Dongpeng Special Drink is listed first, which is more prominent. After completing this round of fund-raising of 1.73 billion yuan, Dongpeng Special Drink will also build production bases in South China, Nanning and Chongqing, and will spend 370 million yuan for marketing. With the support of capital, Dongpeng Special Drink will also occupy more initiative in the next round of competition.</p><p><img src=\"https://static.tigerbbs.com/2a38340d5e26b671deda6bc831ddde31\" tg-width=\"1400\" tg-height=\"1433\" referrerpolicy=\"no-referrer\"></p><p>Picture from Dongpeng Special Drink Prospectus</p><p>However, even so, investors are too optimistic about Dongpeng Special Drink. After all, the company's current fist products are only energy drinks, new product lines such as 0 sugar and tangerine peel drink, which only account for less than 5% of the revenue. If the product structure is single, it is easy to cause the whole company to stall rapidly after the growth of fist products stagnates.<a href=\"https://laohu8.com/S/000848\">Chengde Lulu</a>、<a href=\"https://laohu8.com/S/603711\">Fragrance flutters</a>And so on can be called a lesson from the past.</p><p><img src=\"https://static.tigerbbs.com/5b640852c664df7f538a8c315778443f\" tg-width=\"1399\" tg-height=\"756\" referrerpolicy=\"no-referrer\"></p><p>Picture data from Energy Drinks in China</p><p>However, the main sales positions of Dongpeng Special Drink are now concentrated in South China, and to some extent, it is only a regional brand. At present, it gives such a high market value, even like<a href=\"https://laohu8.com/S/600109\">Sinolink Securities</a>Such an institution also gives a target price of 291 yuan, and the market is obviously looking forward to its market expansion prospects.</p><p>02. Overflowing foam</p><p>People's optimism about the beverage industry is by no means limited to Dongpeng Special Drink. Several beverage companies listed since last year have maintained a high P/E.</p><p>Such as those listed last year<a href=\"https://laohu8.com/S/605388\">Juneyao Health</a>This year, the stock price rose for eight consecutive weeks, nearly doubling, listed in February this year<a href=\"https://laohu8.com/S/605337\">Plum Garden</a>Four months after listing, the stock price has tripled, and the first creamer stock in cooperation with Gu Ming, Yihetang, CoCo and other brands<a href=\"https://laohu8.com/S/605300\">Jiahe Food</a>After listing at the end of April this year, the current share price has also risen from the issue price of 11 yuan to 27 yuan.</p><p>The most typical representative may be Nongfu Spring, which was listed on Hong Kong stocks last year. As of press time, the P/E of Nongfu Spring is now as high as 54 times. You know, even Maotai's P/E is only 54 times, while in Hong Kong stocks, the average P/E of the beverage industry is only 40 times.</p><p>When it went public, Nongfu Spring was asked by many investors because its P/E was too high, \"Why is it higher than Maotai?\" And this kind of optimism is not only pervasive in the secondary market, but also very obvious in the primary market.</p><p>For example, the valuation has tripled in just one year, and Genki Forest, the leader of sugar-free sparkling water. According to Shenxiang's report, at present, the primary market basically adopts the price-to-sales ratio (market value/sales) to value new consumer brands. Based on the sales of Genki Forest last year and the latest valuation, its price-to-sales ratio has reached 14.8 times, which is close to the price-to-sales ratio of Nongfu Spring, the industry leader, 16 times, while the basic situation of the industry is about 2-3 times.</p><p><img src=\"https://static.tigerbbs.com/f83523516ab8f32d9c4a8fd739040145\" tg-width=\"1400\" tg-height=\"1050\" referrerpolicy=\"no-referrer\"></p><p>The high valuation of Genki Forest has also driven the valuation of a number of projects on the same track. An investor told Quan Now, \"There are no cheap projects now, and everyone has predicted their future very well.\"</p><p>The overall high premium of these beverage companies has the same cause as the skyrocketing of Dongpeng Special Drinks, that is, the soft drink market has not been met and has high-growth consumer demand.</p><p>Since 2015, the growth of mature categories such as tea drinks and juices has peaked in the past, and the channels are close to saturation. The explosion of a number of new brands such as Genki Forest and Hankou No.2 Factory means that the demand for sugar-free and functionalized has become a new increase in the beverage market.</p><p>Driven by new trends, according to<a href=\"https://laohu8.com/S/000776\">GF Securities</a>According to the data, from 2014 to 2019, the compound growth rate of sugar-free tea drinks was 32.6%, and the compound growth rates of pure juice and medium-concentration juice were 12.9% and 9.4% respectively, which were far higher than the growth of the whole tea drink and juice category. Also for this reason, sugar-free packaged water still has high room for imagination, and it is expected to maintain a compound growth rate of 10.8% in the next five years.</p><p><img src=\"https://static.tigerbbs.com/e64a5e4ce6cd34fa19da8d86ad7a4f93\" tg-width=\"1400\" tg-height=\"1033\" referrerpolicy=\"no-referrer\"></p><p>Image from<a href=\"https://laohu8.com/S/01776\">GF Securities</a></p><p>Therefore, Nongfu Spring, which occupies the first place in the packaged water market and can maintain high-speed growth when competitors such as Yibao and Master Kong have negative growth, has become the hot cake in the secondary market today. Needless to say, Genki Forest, looking at other enterprises that maintain a high market value, all of them regard the concept of health and functionality as their biggest selling point.</p><p>For example, Liziyuan, which specializes in sweet milk, not only plays the sinking strategy like Dongpeng Special Drink, but also launches new categories such as ready-to-drink coffee and electrolyte water. Jiahe Food not only pays close attention to the concept of \"health\", but also focuses on zero trans fatty acid fat-free powder, and is also developing new businesses such as cold brew coffee. In another glaring example, shares of Genki Forest, its erythritol producer, Bowling Bao, jumped 182% in a month after its sugar-free sparkling water exploded last year.</p><p><img src=\"https://static.tigerbbs.com/46079112fc80baa9c27f807d738680a9\" tg-width=\"1399\" tg-height=\"759\" referrerpolicy=\"no-referrer\"></p><p>Capital has always been profit-seeking and crazy. If you compare the industry leaders of its traditional categories, you can better see the blessing of new concepts for these beverage enterprises, such as those in mature categories<a href=\"https://laohu8.com/S/603156\">Yangyuan Beverage</a>, Chengde Lulu and Xiangpiaopiao, the three are only 24, 26 and 20 times P/E.</p><p>The sentiment of the secondary market has obviously raised the expectations of the primary market.</p><p>Although the price is expensive, the investor also admitted that if he can invest in it, he will still vote. \"Genki Forest is a company with great certainty of performance. Now it has invested in it with a valuation of tens of billions. It's okay to bet that it will go public for 200 billion yuan.\"</p><p>Even if you can't invest in the first place in the industry, there is no shortage of people willing to invest in the following projects. Last year, a number of new domestic brands such as Qingquan Chushan, Haowangshui and Hankou No.2 Factory have received financing. There are many categories in this market, and the competitive situation has not yet been clarified, so there is enough room for imagination.</p><p>\"Sparkling water, juice and tea, each of these three categories can have at least one head enterprise, and there are many combinations, such as juice tea, bubbling tea, etc., so now everyone is gambling.\" An investor said.</p><p>But,<a href=\"https://laohu8.com/S/00506\">CHINA FOOD</a>Zhu Danpeng, an industry analyst, believes that last year's epidemic led to capital all over the world, and there were not many good places to go. Therefore, many of them flocked to China's capital market, which aggravated the formation of bubbles, but this was unconventional and staged.</p><p>But no matter whether the bubble is big or small, investors will not give up this wave of opportunities. After all, whether it is worth the price or not, as long as enough people believe it within a certain period of time, this may be the most important thing.</p>","source":"lsy1609725711450","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>Dongpeng special drinks skyrocketed, Genki Forest is too expensive, all bubbles?</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\">\nDongpeng special drinks skyrocketed, Genki Forest is too expensive, all bubbles?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">20社</strong><span class=\"h-time small\">2021-06-24 17:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The soaring \"demonic wind\" of Dongpeng Special Drink finally stopped for the time being.</p><p>This old functional beverage brand stock has soared since its listing on A-shares on May 27th this year, and it has harvested 15 daily limits in 16 trading days. By the close of trading on June 18th, the stock price had risen from 46.27 yuan to 265.65 yuan, and the market value had doubled five times in just half a month.</p><p>Because it rose too sharply, the company issued seven consecutive stock trading risk warning announcements, but this failed to affect the enthusiasm of A-share investors at all. Although there was a slight decline this week, as of the close of June 23rd, the share price of Dongpeng Special Drink remained at a high level of 254 yuan, with a market value of 101.843 billion yuan.</p><p>Compared with the same energy drink, the P/E of Monster Drink listed in the United States is 33.7 times, while the P/E of Dongpeng Special Drink has reached 125 times.</p><p>Interestingly, in the whole beverage industry track, many beverage stocks maintain extremely high market value, such as the Hong Kong stock market listed last year<a href=\"https://laohu8.com/S/09633\">Nongfu Spring</a>When it went public, it triggered a round of heated discussion because of its high P/E.</p><p>Unlisted companies, such as Genki Forest, now have a price-to-sales ratio of 14.38 with sales of 2.7 billion yuan, which can already benchmark Nongfu Spring.</p><p>Under the high valuation, it is the capital's high confidence in the new beverage track. An investor admitted that there are basically no cheap projects now. Driven by new demands such as sugar-free, health and functionality, the soft drink industry, which once lost its imagination, has ushered in a new focus of competition. The total number of mature categories such as carbonated beverages, juices and dairy beverages has peaked, but high-prosperity sub-categories with sugar-free and sugar-reduced as the core have been derived. As viewed by Huachuang Securities Research Report, the core driving factors of head beverage enterprises have changed from \"products + channels\" to \"innovation iteration + high-end\". It is category innovation and product upgrade that have brought enough imagination to the secondary market.</p><p><img src=\"https://static.tigerbbs.com/7950045fb0e050fcc4b559cdf3187951\" tg-width=\"1399\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"></p><p>Image from Huachuang Securities</p><p>However, can this imagination support the enthusiasm of shareholders?</p><p>01. Soaring all the way</p><p>Investors' enthusiasm for Dongpeng Special Drink was obviously reflected from the first day of its listing. On the first day of listing, Dongpeng Special Drink rose by 44%. On the next trading day, Dongpeng Special Drink maintained a share price increase of about 10% until the highest point on June 18th.</p><p>After 15 daily limits, Dongpeng Special Drink has become the most profitable new stock this year. At the highest point, you can earn nearly 220,000 yuan by winning the first lottery. One signing for a car is really not a dream.</p><p>However, now the static P/E of Dongpeng Special Drink has reached 125 times, the average P/E of the whole A-share food and beverage industry is about 50 times, and the average P/E of the beverage industry in Hong Kong stocks is even lower than 40 times. From this perspective, the current stock price is already ridiculously high.</p><p>Investors are so sought after for Dongpeng Special Drink, first of all, because they chose the right track. The functional beverage track has maintained rapid growth in the past five years, with a compound growth rate of 15%, which is one of the fastest growing sub-categories of soft drinks, while the compound growth rate of the whole soft drink industry in the same period was only 5.9%.</p><p>And the head effect of this track is very obvious. According to the report of Minsheng Securities, in the past ten years, the CR5 (industry concentration index) of functional beverages has remained at about 80% ~90%. In contrast, tea drinks had a CR5 of 63% and fruit juices had a CR5 of 32%.</p><p>Red Bull, the industry leader, occupies 57% of the market share, while Dongpeng Special Drinks has only 15%, less than one-third of it, making it the second-ranked player in this field. The market is often not hesitant to give the number one company in the industry a super high valuation, and when the number one is absent, the glory falls on the second place.</p><p>Dongpeng Special Drink naturally inherits people's long-term optimism for the whole track. Especially in the A-share market, the limited target of excellent soft drinks shows the scarcity of Dongpeng special drinks.</p><p>From the development history of Dongpeng Special Drink itself, this is a company that is still in the growth stage. The past decade of functional beverage market can be said to be the decade in which various domestic brands \"snatched food from the tiger's mouth\" from Red Bull. You know, before 2013, Red Bull had eaten 80% of the market of functional drinks. At its peak, the market share in 2011 reached 89%, when the market share of Dongpeng Special Drink was only 3.9%.</p><p><img src=\"https://static.tigerbbs.com/6048d80e9fc3bb59d7e63ff9693bc897\" tg-width=\"1399\" tg-height=\"811\" referrerpolicy=\"no-referrer\"></p><p>But after 2015, Red Bull was caught up in a trademark dispute, with dozens of games between the founding family of Red Bull of Thailand and its Chinese partner Reignwood Group failing to settle. Various domestic brands take advantage of the situation, such as Lehu launched by Dali Group in 2013, and the new brand War Horse made by Yan Bin, the original Chinese promoter of Red Bull... Red Bull's market share has been declining all the way.</p><p>Dongpeng Special Drink, which has been \"high imitation Red Bull\" in the early days, took the opportunity to reduce canned drinks from 5 yuan to 3.5 yuan, and slowly eroded the market share vacated by Red Bull by sponsoring ICC, World Cup, Chinese Super League and other sports events. Especially after the launch of 500ml gold bottle in 2017, Dongpeng Special Drink opened the gap with Lehu, which killed out halfway, and firmly sat in the second position in the industry.</p><p>At present, Red Bull's lawsuit is unsettled, and Dongpeng Special Drink is listed first, which is more prominent. After completing this round of fund-raising of 1.73 billion yuan, Dongpeng Special Drink will also build production bases in South China, Nanning and Chongqing, and will spend 370 million yuan for marketing. With the support of capital, Dongpeng Special Drink will also occupy more initiative in the next round of competition.</p><p><img src=\"https://static.tigerbbs.com/2a38340d5e26b671deda6bc831ddde31\" tg-width=\"1400\" tg-height=\"1433\" referrerpolicy=\"no-referrer\"></p><p>Picture from Dongpeng Special Drink Prospectus</p><p>However, even so, investors are too optimistic about Dongpeng Special Drink. After all, the company's current fist products are only energy drinks, new product lines such as 0 sugar and tangerine peel drink, which only account for less than 5% of the revenue. If the product structure is single, it is easy to cause the whole company to stall rapidly after the growth of fist products stagnates.<a href=\"https://laohu8.com/S/000848\">Chengde Lulu</a>、<a href=\"https://laohu8.com/S/603711\">Fragrance flutters</a>And so on can be called a lesson from the past.</p><p><img src=\"https://static.tigerbbs.com/5b640852c664df7f538a8c315778443f\" tg-width=\"1399\" tg-height=\"756\" referrerpolicy=\"no-referrer\"></p><p>Picture data from Energy Drinks in China</p><p>However, the main sales positions of Dongpeng Special Drink are now concentrated in South China, and to some extent, it is only a regional brand. At present, it gives such a high market value, even like<a href=\"https://laohu8.com/S/600109\">Sinolink Securities</a>Such an institution also gives a target price of 291 yuan, and the market is obviously looking forward to its market expansion prospects.</p><p>02. Overflowing foam</p><p>People's optimism about the beverage industry is by no means limited to Dongpeng Special Drink. Several beverage companies listed since last year have maintained a high P/E.</p><p>Such as those listed last year<a href=\"https://laohu8.com/S/605388\">Juneyao Health</a>This year, the stock price rose for eight consecutive weeks, nearly doubling, listed in February this year<a href=\"https://laohu8.com/S/605337\">Plum Garden</a>Four months after listing, the stock price has tripled, and the first creamer stock in cooperation with Gu Ming, Yihetang, CoCo and other brands<a href=\"https://laohu8.com/S/605300\">Jiahe Food</a>After listing at the end of April this year, the current share price has also risen from the issue price of 11 yuan to 27 yuan.</p><p>The most typical representative may be Nongfu Spring, which was listed on Hong Kong stocks last year. As of press time, the P/E of Nongfu Spring is now as high as 54 times. You know, even Maotai's P/E is only 54 times, while in Hong Kong stocks, the average P/E of the beverage industry is only 40 times.</p><p>When it went public, Nongfu Spring was asked by many investors because its P/E was too high, \"Why is it higher than Maotai?\" And this kind of optimism is not only pervasive in the secondary market, but also very obvious in the primary market.</p><p>For example, the valuation has tripled in just one year, and Genki Forest, the leader of sugar-free sparkling water. According to Shenxiang's report, at present, the primary market basically adopts the price-to-sales ratio (market value/sales) to value new consumer brands. Based on the sales of Genki Forest last year and the latest valuation, its price-to-sales ratio has reached 14.8 times, which is close to the price-to-sales ratio of Nongfu Spring, the industry leader, 16 times, while the basic situation of the industry is about 2-3 times.</p><p><img src=\"https://static.tigerbbs.com/f83523516ab8f32d9c4a8fd739040145\" tg-width=\"1400\" tg-height=\"1050\" referrerpolicy=\"no-referrer\"></p><p>The high valuation of Genki Forest has also driven the valuation of a number of projects on the same track. An investor told Quan Now, \"There are no cheap projects now, and everyone has predicted their future very well.\"</p><p>The overall high premium of these beverage companies has the same cause as the skyrocketing of Dongpeng Special Drinks, that is, the soft drink market has not been met and has high-growth consumer demand.</p><p>Since 2015, the growth of mature categories such as tea drinks and juices has peaked in the past, and the channels are close to saturation. The explosion of a number of new brands such as Genki Forest and Hankou No.2 Factory means that the demand for sugar-free and functionalized has become a new increase in the beverage market.</p><p>Driven by new trends, according to<a href=\"https://laohu8.com/S/000776\">GF Securities</a>According to the data, from 2014 to 2019, the compound growth rate of sugar-free tea drinks was 32.6%, and the compound growth rates of pure juice and medium-concentration juice were 12.9% and 9.4% respectively, which were far higher than the growth of the whole tea drink and juice category. Also for this reason, sugar-free packaged water still has high room for imagination, and it is expected to maintain a compound growth rate of 10.8% in the next five years.</p><p><img src=\"https://static.tigerbbs.com/e64a5e4ce6cd34fa19da8d86ad7a4f93\" tg-width=\"1400\" tg-height=\"1033\" referrerpolicy=\"no-referrer\"></p><p>Image from<a href=\"https://laohu8.com/S/01776\">GF Securities</a></p><p>Therefore, Nongfu Spring, which occupies the first place in the packaged water market and can maintain high-speed growth when competitors such as Yibao and Master Kong have negative growth, has become the hot cake in the secondary market today. Needless to say, Genki Forest, looking at other enterprises that maintain a high market value, all of them regard the concept of health and functionality as their biggest selling point.</p><p>For example, Liziyuan, which specializes in sweet milk, not only plays the sinking strategy like Dongpeng Special Drink, but also launches new categories such as ready-to-drink coffee and electrolyte water. Jiahe Food not only pays close attention to the concept of \"health\", but also focuses on zero trans fatty acid fat-free powder, and is also developing new businesses such as cold brew coffee. In another glaring example, shares of Genki Forest, its erythritol producer, Bowling Bao, jumped 182% in a month after its sugar-free sparkling water exploded last year.</p><p><img src=\"https://static.tigerbbs.com/46079112fc80baa9c27f807d738680a9\" tg-width=\"1399\" tg-height=\"759\" referrerpolicy=\"no-referrer\"></p><p>Capital has always been profit-seeking and crazy. If you compare the industry leaders of its traditional categories, you can better see the blessing of new concepts for these beverage enterprises, such as those in mature categories<a href=\"https://laohu8.com/S/603156\">Yangyuan Beverage</a>, Chengde Lulu and Xiangpiaopiao, the three are only 24, 26 and 20 times P/E.</p><p>The sentiment of the secondary market has obviously raised the expectations of the primary market.</p><p>Although the price is expensive, the investor also admitted that if he can invest in it, he will still vote. \"Genki Forest is a company with great certainty of performance. Now it has invested in it with a valuation of tens of billions. It's okay to bet that it will go public for 200 billion yuan.\"</p><p>Even if you can't invest in the first place in the industry, there is no shortage of people willing to invest in the following projects. Last year, a number of new domestic brands such as Qingquan Chushan, Haowangshui and Hankou No.2 Factory have received financing. There are many categories in this market, and the competitive situation has not yet been clarified, so there is enough room for imagination.</p><p>\"Sparkling water, juice and tea, each of these three categories can have at least one head enterprise, and there are many combinations, such as juice tea, bubbling tea, etc., so now everyone is gambling.\" An investor said.</p><p>But,<a href=\"https://laohu8.com/S/00506\">CHINA FOOD</a>Zhu Danpeng, an industry analyst, believes that last year's epidemic led to capital all over the world, and there were not many good places to go. Therefore, many of them flocked to China's capital market, which aggravated the formation of bubbles, but this was unconventional and staged.</p><p>But no matter whether the bubble is big or small, investors will not give up this wave of opportunities. After all, whether it is worth the price or not, as long as enough people believe it within a certain period of time, this may be the most important thing.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.tmtpost.com/5424126.html\">20社</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f83523516ab8f32d9c4a8fd739040145","relate_stocks":{"605499":"东鹏饮料"},"source_url":"https://www.tmtpost.com/5424126.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120879670","content_text":"东鹏特饮的暴涨“妖风”，终于暂时偃旗息鼓了。\n这只老牌功能饮料品牌股，自今年5月27日在A股上市以来，股价一路飙升，在16个交易日里收获了15个涨停板。到6月18日收盘时，股价从46.27元已经涨到了265.65元，短短半个月时间，市值整整翻了五倍。\n因为涨得太猛，公司连续发布了七次股票交易风险提示公告，但这完全没能影响A股股民的热情。本周虽然有稍微回落，但截止到6月23日收盘，东鹏特饮的股价仍然维持在254元的高位，市值达到了1018.43亿元。\n如果对比同为能量饮料，在美上市的怪兽饮料，其市盈率是33.7倍，而东鹏特饮的市盈率已经达到了125倍。\n有意思的是，整个饮料行业赛道，不少饮料股都维持着极高的市值，比如去年在港股上市的农夫山泉，在上市时就曾经因为高市盈率引发了一轮热议。\n而未上市的公司，如元气森林，如今在其销售额为27亿元的情况下，其市销率达到14.38，已经可以对标农夫山泉。\n高估值之下，是资本对于饮料新赛道的高涨信心。一位投资人坦言，现在基本上都没有便宜的项目了。在无糖、健康、功能性等新需求的驱动下，曾一度失去想象力的软饮行业，迎来了新的竞争焦点，碳酸饮料、果汁、乳饮料等成熟品类总量见顶，但衍生出以无糖、减糖为核心的高景气细分品类。正如华创证券研报观点，头部饮料企业核心驱动因素由“产品+渠道”切换到了“创新迭代+高端化”。正是品类创新和产品升级，给二级市场带来了足够的想象空间。\n\n图片来自于华创证券\n只不过，这个想象空间能否支撑得住股民的热情？\n01、一路暴涨\n投资者对东鹏特饮的热情，从其上市的第一天就明显地体现出来。上市首日，东鹏特饮就大涨44%，接下来的每个交易日，东鹏特饮都保持着10%左右股价涨幅，直到6月18日的最高点。\n15个涨停后，东鹏特饮已经成为了今年最为赚钱的新股，以最高点计算，中一签可以赚到近22万元。一签一辆车，真的不是梦。\n不过，如今东鹏特饮的静态市盈率已经达到了125倍，A股整个食品饮料行业平均市盈率为50倍左右，港股的饮料行业平均市盈率更低些为40倍。从这个角度看，当下的股价，已经算是高得离谱了。\n投资者对于东鹏特饮如此之追捧，首先是源于其选对了赛道。功能性饮料赛道近五年都维持着高速增长，复合增长率达15%，是软饮料增长最快的子品类之一，而整个软饮料行业的同期复合增长率只有5.9%。\n且这个赛道头部效应非常明显，据民生证券的报告，过去十年，功能性饮料的CR5（行业集中度指数）均维持在 80%~90%左右。相较之下，茶饮料的CR5为63%，果汁CR5为32%。\n行业龙头红牛的市场份额占据了57%，而东鹏特饮只有15%，不到其三分之一，是这个领域排名第二的玩家。市场往往不吝于给行业第一的公司以超高估值，而在第一不在的时候，荣耀于是落在了的第二名头上。\n东鹏特饮自然承接了人们对整个赛道的长期看好。尤其是在A股市场，上佳的软饮料标的有限，就更显现出东鹏特饮的稀缺性。\n而从东鹏特饮自身的发展史来说，这是一家尚且还处于成长期的公司。功能性饮料市场过去的十年，可以说是各个国产品牌从红牛手上“虎口夺食”的十年。要知道，2013年前，红牛一家就吃下了功能性饮料80%的市场，其巅峰时刻——2011年的市场份额占比达到了89%，当时东鹏特饮的市场份额仅为3.9%。\n\n但2015年后，红牛陷入了商标之争，泰国红牛的创始家族和其中国合作方华彬集团之间的博弈达几十次，都未能和解。各个国产品牌趁虚而入，如达利集团2013年推出的乐虎，红牛原来的中国推手严彬做的新品牌战马……红牛的市场份额占比一路下跌。\n早期一直在“高仿红牛”的东鹏特饮，也正是在此时，趁机将罐装饮料从5元直降至3.5元，还通过赞助ICC、世界杯、中超等体育赛事大力营销，慢慢蚕食着红牛空出的市场份额，尤其是在2017年推出了500ml金瓶装后，东鹏特饮跟半路杀出的乐虎拉开差距，稳稳地坐上了行业第二的位置。\n眼下红牛的官司未了，东鹏特饮又抢先上市，此消彼长更为突出。完成了这一轮17.3亿元的募资后，东鹏特饮还将在华南、南宁、重庆建设生产基地，并将拿出3.7个亿用于营销。有了资本的支持，东鹏特饮在下一轮的竞争中，也会占据更多的主动权。\n\n图片来自于东鹏特饮招股书\n不过，就算是如此，投资者对于东鹏特饮的情绪，也着实太过乐观了。毕竟这家公司目前的拳头产品只有能量饮料，0糖、陈皮特饮等新产品线，仅仅占据了不到5%的收入。产品结构单一，就很容易导致当拳头产品增长停滞后，整个公司迅速失速，承德露露、香飘飘等都可称是前车之鉴。\n\n图片资料来自于《Energy Drinks in China》\n不过，东鹏特饮现在的销售主阵地都集中在华南一带，某种程度上还只是一个区域性品牌，当下给出如此高的市值，甚至像国金证券这样的机构还给出291元的目标价，市场明显是期待其市场拓展前景。\n02、溢出的泡沫\n人们对于饮料行业的乐观情绪，绝不仅仅是局限于东鹏特饮这一家公司。去年至今上市的数家饮料公司，都保持着较高的市盈率。\n如去年上市的均瑶健康，今年一度股价连涨8周，几近翻倍，今年2月份上市的李子园，上市4个月，股价已经涨了2倍，和古茗、益禾堂、CoCo等品牌合作的奶精第一股佳禾食品，在今年4月底上市后，目前股价也从发行价的11元涨到了27元。\n而最典型的代表，则可能是去年在港股上市的农夫山泉。截止到发稿前，农夫山泉的市盈率如今高达54倍，要知道，连茅台的市盈率也只有54倍，而在港股，饮料行业的市盈率平均值仅仅只有40倍。\n在上市时，农夫山泉就曾经因为市盈率过高，被许多投资者追问“凭什么比茅台还高”？而这种乐观的情绪，不仅弥漫在二级市场上，在一级市场上也非常明显。\n比如短短一年内估值就翻了3倍，无糖气泡水的龙头元气森林。据深响的报道，目前一级市场基本采用市销率（市值/销售额）来为新消费品牌估值，以元气森林去年的销售额和最新的估值计算，其市销率已经达到14.8倍，接近行业龙头农夫山泉的市销率16倍，而行业的基本情况是2-3倍左右。\n\n元气森林的高估值，也带动了一批同赛道项目的估值。一位投资人告诉全现在，“现在的项目没有便宜的，大家的都把自己的未来预测得很美好。”\n这些饮料公司整体的高溢价，和东鹏特饮的疯涨，有着一样的起因，那就是软饮料市场上尚未被满足，具备高成长性的消费需求。\n从2015年开始，过去茶饮料、果汁等成熟品类的增长已经见顶，渠道接近饱和，而元气森林、汉口二厂等一批新品牌的爆火，代表着无糖化、功能化的需求已经成为了饮料市场里的新增量。\n在新趋势的推动下，据广发证券的数据，2014-2019 年无糖茶饮料的复合增长率为32.6%，纯果汁和中浓度果汁的复合增长率分别为12.9%和 9.4%，都远远高于整个茶饮和果汁大品类的增长。同样因为这一原因，无糖的包装水也还有较高的想象空间，预计未来5年保持10.8%的复合增长。\n\n图片来自于广发证券\n因此，在包装水市场占据第一，并能在竞争对手怡宝、康师傅等负增长时，还能保持高速增长的农夫山泉，就成了如今二级市场的香饽饽。元气森林更不必多说，纵观其他保持较高市值的企业，无一不是将健康、功能化的概念，作为最大的卖点。\n比如主打甜牛奶的李子园，不仅和东鹏特饮一样玩下沉策略，还推出了即饮咖啡、电解质水等新品类，佳禾食品不仅抓紧“健康”概念，主打零反式脂肪酸植脂末，还在发力冷萃咖啡等新业务。另一个明显的例子是，去年元气森林的无糖气泡水爆火后，其赤藓糖醇生产商保龄宝的股价一个月就上涨了182%。\n\n资本从来都是趋利且疯狂的。如果对比其传统品类的行业龙头，则更能看出新概念对于这些饮料企业的加持，比如处于成熟品类里的养元饮品、承德露露和香飘飘，三者的是市盈率仅仅只有24、26和20倍。\n而二级市场的情绪，显然也拉高了一级市场的期待。\n虽然价格昂贵，但这位投资人也坦言，如果能投进去，还是会投的。“元气森林是有很大确定性能做成的公司，现在以几百亿估值投进去，赌它上市2000亿也算还好吧。”\n即使投不进去行业第一，跟在后面的项目也不缺人愿意投。去年如清泉出山、好望水、汉口二厂等一批国产新品牌都纷纷拿到了融资。这个市场品类多，竞争局势也尚未明朗化，有足够的想象空间。\n“气泡水、果汁、茶，这三个大品类每个至少能有1家头部企业，还有很多结合的，比如果汁茶、气泡茶等等，所以现在大家都在赌。”一位投资人说。\n不过，中国食品行业分析师朱丹蓬认为，去年疫情导致全世界范围的资本，没有太多好的去处，因此不少都涌向了中国的资本市场，加剧了泡沫的形成，但这是非常规的、阶段性的。\n但无论泡沫大或小，投资者们都不会放弃这波机会，毕竟，不管是否值得这个价格，只要一定时期内有足够多的人相信，这可能才是最重要的事情。","news_type":1,"symbols_score_info":{"605499":0.9}},"isVote":1,"tweetType":1,"viewCount":4131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126348474,"gmtCreate":1624545757698,"gmtModify":1703840024125,"author":{"id":"3586992742345237","authorId":"3586992742345237","name":"Jason001","avatar":"https://static.tigerbbs.com/d626b690870a11055bc7975ee05c4e36","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586992742345237","authorIdStr":"3586992742345237"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126348474","repostId":"1114030654","repostType":4,"isVote":1,"tweetType":1,"viewCount":5143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126348251,"gmtCreate":1624545739873,"gmtModify":1703840023960,"author":{"id":"3586992742345237","authorId":"3586992742345237","name":"Jason001","avatar":"https://static.tigerbbs.com/d626b690870a11055bc7975ee05c4e36","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586992742345237","authorIdStr":"3586992742345237"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126348251","repostId":"1162154872","repostType":4,"isVote":1,"tweetType":1,"viewCount":4837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126348914,"gmtCreate":1624545722738,"gmtModify":1703840023137,"author":{"id":"3586992742345237","authorId":"3586992742345237","name":"Jason001","avatar":"https://static.tigerbbs.com/d626b690870a11055bc7975ee05c4e36","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586992742345237","authorIdStr":"3586992742345237"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126348914","repostId":"1122443964","repostType":4,"repost":{"id":"1122443964","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":1624536460,"share":"https://ttm.financial/m/news/1122443964?lang=en_US&edition=fundamental","pubTime":"2021-06-24 20:07","market":"us","language":"zh","title":"Pre-market: US employment data fell short of expectations, sending Nasdaq futures higher.","url":"https://stock-news.laohu8.com/highlight/detail?id=1122443964","media":"老虎资讯综合","summary":"【重磅数据】\n\n美国至6月19日当周初请失业金人数（万人）：41.1，申请人数自4月底以来首次增加。预期：38，前值：41.2\n美国第一季度实际GDP年化季率终值：6.4%，预期：6.4%，前值：6.","content":"<p><b>[Key Data]</b></p><p><ul><li><b><b>Initial jobless claims in the United States for the week ending June 19 (10,000): 41.1.</b></b><b>The number of applicants increased for the first time since the end of April.</b><b><b>Expected: 38, Previous: 41.2</b></b></li><li>Final reading of the annualized quarterly rate of real US GDP in the first quarter:<b>6.4%，</b>Expected: 6.4%, Previous: 6.4%</li><li>US durable goods orders month-on-month rate in May:<b>2.3%，</b>Expected: 2.8%, Previous: -1.3%</li><li>Final reading of the annualized quarterly rate of the US core PCE price index for the first quarter:<b>2.5%，</b>Expected: 2.5%, previous value: 2.5%</li></ul>Following the data release, futures for the three major U.S. stock indexes maintained their upward trend, with Nasdaq futures leading the gains.</p><p><img src=\"https://static.tigerbbs.com/eebd9f5f42d7eb0eedf7063bd2f66784\" tg-width=\"575\" tg-height=\"205\" referrerpolicy=\"no-referrer\"></p><p><b>Pre-market trend of Chinese concept stocks</b></p><p><a href=\"https://laohu8.com/S/UXIN\">Uxin</a>It rose nearly 5% in pre-market trading. At a regular press conference held by the Ministry of Commerce today (24th), spokesperson Gao Feng said that the Ministry of Commerce is working with relevant departments to accelerate the development of the used car market by removing restrictions on the transfer of used cars and facilitating used car transactions.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose more than 1% in pre-market trading. XPeng Motor Company announced in the evening that it will issue 80.75 million Class A ordinary shares internationally and 4.25 million Class A ordinary shares in Hong Kong, with the stock code \"9868\". According to documents from the U.S. Securities and Exchange<b>XPeng Motors stated that the maximum offering price for this public offering in Hong Kong is HK$180 or US$23.19 per share (equivalent to US$46.39 per ADS).</b></p><p><a href=\"https://laohu8.com/S/EDU\">New Oriental</a>The market experienced a slight dip in pre-market trading and is currently down nearly 2%.</p><p><b>Important US stocks</b></p><p><b>The Federal Reserve will release the results of its banking \"stress test\" at 4:30 a.m. Beijing time the following day. If the test passes, the scale of share buybacks and dividends paid by U.S. banks will be further increased.</b>U.S. bank stocks generally rose in pre-market trading.<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Up 2.65%<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Up 0.58%,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Up 0.45%<a href=\"https://laohu8.com/S/C\">Citigroup</a>Up 0.43%<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Up 0.45%.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>The stock surged in pre-market trading, rising more than 7%. The company's donanemab antibody for the treatment of early-stage Alzheimer's disease has received breakthrough therapeutic status certification from the U.S. Food and Drug Administration.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose 0.57% in pre-market trading. Microsoft's stock price hit a record high during trading on Wednesday, with a total market capitalization of $2 trillion. At 23:00 Beijing time tonight, Microsoft will release the new generation of Windows system, Win11. It is understood that the next generation of Windows will provide a variety of features designed for the \"post-pandemic world\".</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose 3% in pre-market trading. Previously, the Tesla Model 3 was named the most produced car in the United States in 2021 by Cars.com, an American online car sales service.</p><p>Newly listed stocks, customer experience management platform<a href=\"https://laohu8.com/S/CXM\">sprinkler</a>It rose more than 10%, and closed up 10% on its first day of trading yesterday.</p><p>Human resources website<a href=\"https://laohu8.com/S/DHX\">Days Holdings</a>It surged 20% in pre-market trading. The company announced yesterday that it will conduct an additional $12 million in share buybacks.</p><p>Cloud enterprise marketing software<a href=\"https://laohu8.com/S/MRIN\">Marine Software</a>The stock surged more than 60% in pre-market trading after announcing that its flagship platform MarinOne had added the ability to manage Instacart ads.</p><p>WSB concept stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/SNDL\">Sundial Grower</a>Up 7%,<a href=\"https://laohu8.com/S/BBBY\">3B Home</a>Up 5.19%<a href=\"https://laohu8.com/S/CLOV\">Clover Health</a>Up 3.9%,<a href=\"https://laohu8.com/S/TLRY\">Tilray</a>Up 3.07%<a href=\"https://laohu8.com/S/MVIS\">Vision image</a>Up 2.23%<a href=\"https://laohu8.com/S/GME\">Game Station</a>It rose 0.98%.</p><p><b>Commodities</b></p><p>International oil prices fell sharply during trading. OPEC+ will meet next week to discuss further rolling back record production cuts since last August, but no decision has been made yet.</p><p>As of press time, WTI crude oil futures were trading at $72.67 per barrel, down 0.56%. Brent crude oil futures were trading at $74.81 a barrel, down 0.51%.</p><p><img src=\"https://static.tigerbbs.com/0837b45d3fbd0863863c29d91a275f6d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rose during trading. Investors await more economic data.</p><p>As of press time, gold futures in the New York market were trading at $1,785.95 per ounce, up 0.14%.</p><p><img src=\"https://static.tigerbbs.com/8b6dfead479925f1ef1f93e6aaf03982\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>Pre-market: US employment data fell short of expectations, sending Nasdaq futures higher.</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\">\nPre-market: US employment data fell short of expectations, sending Nasdaq futures higher.\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\">2021-06-24 20:07</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>[Key Data]</b></p><p><ul><li><b><b>Initial jobless claims in the United States for the week ending June 19 (10,000): 41.1.</b></b><b>The number of applicants increased for the first time since the end of April.</b><b><b>Expected: 38, Previous: 41.2</b></b></li><li>Final reading of the annualized quarterly rate of real US GDP in the first quarter:<b>6.4%，</b>Expected: 6.4%, Previous: 6.4%</li><li>US durable goods orders month-on-month rate in May:<b>2.3%，</b>Expected: 2.8%, Previous: -1.3%</li><li>Final reading of the annualized quarterly rate of the US core PCE price index for the first quarter:<b>2.5%，</b>Expected: 2.5%, previous value: 2.5%</li></ul>Following the data release, futures for the three major U.S. stock indexes maintained their upward trend, with Nasdaq futures leading the gains.</p><p><img src=\"https://static.tigerbbs.com/eebd9f5f42d7eb0eedf7063bd2f66784\" tg-width=\"575\" tg-height=\"205\" referrerpolicy=\"no-referrer\"></p><p><b>Pre-market trend of Chinese concept stocks</b></p><p><a href=\"https://laohu8.com/S/UXIN\">Uxin</a>It rose nearly 5% in pre-market trading. At a regular press conference held by the Ministry of Commerce today (24th), spokesperson Gao Feng said that the Ministry of Commerce is working with relevant departments to accelerate the development of the used car market by removing restrictions on the transfer of used cars and facilitating used car transactions.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose more than 1% in pre-market trading. XPeng Motor Company announced in the evening that it will issue 80.75 million Class A ordinary shares internationally and 4.25 million Class A ordinary shares in Hong Kong, with the stock code \"9868\". According to documents from the U.S. Securities and Exchange<b>XPeng Motors stated that the maximum offering price for this public offering in Hong Kong is HK$180 or US$23.19 per share (equivalent to US$46.39 per ADS).</b></p><p><a href=\"https://laohu8.com/S/EDU\">New Oriental</a>The market experienced a slight dip in pre-market trading and is currently down nearly 2%.</p><p><b>Important US stocks</b></p><p><b>The Federal Reserve will release the results of its banking \"stress test\" at 4:30 a.m. Beijing time the following day. If the test passes, the scale of share buybacks and dividends paid by U.S. banks will be further increased.</b>U.S. bank stocks generally rose in pre-market trading.<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>Up 2.65%<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Up 0.58%,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Up 0.45%<a href=\"https://laohu8.com/S/C\">Citigroup</a>Up 0.43%<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Up 0.45%.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a>The stock surged in pre-market trading, rising more than 7%. The company's donanemab antibody for the treatment of early-stage Alzheimer's disease has received breakthrough therapeutic status certification from the U.S. Food and Drug Administration.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose 0.57% in pre-market trading. Microsoft's stock price hit a record high during trading on Wednesday, with a total market capitalization of $2 trillion. At 23:00 Beijing time tonight, Microsoft will release the new generation of Windows system, Win11. It is understood that the next generation of Windows will provide a variety of features designed for the \"post-pandemic world\".</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose 3% in pre-market trading. Previously, the Tesla Model 3 was named the most produced car in the United States in 2021 by Cars.com, an American online car sales service.</p><p>Newly listed stocks, customer experience management platform<a href=\"https://laohu8.com/S/CXM\">sprinkler</a>It rose more than 10%, and closed up 10% on its first day of trading yesterday.</p><p>Human resources website<a href=\"https://laohu8.com/S/DHX\">Days Holdings</a>It surged 20% in pre-market trading. The company announced yesterday that it will conduct an additional $12 million in share buybacks.</p><p>Cloud enterprise marketing software<a href=\"https://laohu8.com/S/MRIN\">Marine Software</a>The stock surged more than 60% in pre-market trading after announcing that its flagship platform MarinOne had added the ability to manage Instacart ads.</p><p>WSB concept stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/SNDL\">Sundial Grower</a>Up 7%,<a href=\"https://laohu8.com/S/BBBY\">3B Home</a>Up 5.19%<a href=\"https://laohu8.com/S/CLOV\">Clover Health</a>Up 3.9%,<a href=\"https://laohu8.com/S/TLRY\">Tilray</a>Up 3.07%<a href=\"https://laohu8.com/S/MVIS\">Vision image</a>Up 2.23%<a href=\"https://laohu8.com/S/GME\">Game Station</a>It rose 0.98%.</p><p><b>Commodities</b></p><p>International oil prices fell sharply during trading. OPEC+ will meet next week to discuss further rolling back record production cuts since last August, but no decision has been made yet.</p><p>As of press time, WTI crude oil futures were trading at $72.67 per barrel, down 0.56%. Brent crude oil futures were trading at $74.81 a barrel, down 0.51%.</p><p><img src=\"https://static.tigerbbs.com/0837b45d3fbd0863863c29d91a275f6d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rose during trading. Investors await more economic data.</p><p>As of press time, gold futures in the New York market were trading at $1,785.95 per ounce, up 0.14%.</p><p><img src=\"https://static.tigerbbs.com/8b6dfead479925f1ef1f93e6aaf03982\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122443964","content_text":"【重磅数据】\n\n美国至6月19日当周初请失业金人数（万人）：41.1，申请人数自4月底以来首次增加。预期：38，前值：41.2\n美国第一季度实际GDP年化季率终值：6.4%，预期：6.4%，前值：6.4%\n美国5月耐用品订单月率：2.3%，预期：2.8%，前值：-1.3%\n美国第一季度核心PCE物价指数年化季率终值：2.5%，预期：2.5%，前值：2.5%\n\n数据公布后，美股三大指数期货维持上涨势头，纳指期货涨幅居前。\n\n中概股盘前走势\n优信盘前涨近5%。在今天（24日）商务部举行的例行新闻发布会上，新闻发言人高峰表示，商务部正会同有关部门，围绕取消二手车限迁政策、便利二手车交易等推动二手车市场加快发展。\n小鹏汽车盘前涨超1%。小鹏汽车晚间宣布：在全球发行中，国际发售8075万股A类普通股，香港公开发售425万股A类普通股，股票代码为“9868”。另据美国证券交易委员会文件：小鹏汽车表示本次香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。\n新东方盘前出现小幅跳水，现跌近2%。\n重要美股\n美联储将于北京时间次日凌晨04:30公布银行业“压力测试”结果。如果通过测试，美国银行业股票回购和分红规模进一步上调。美股银行股盘前普涨，瑞士信贷涨2.65%，摩根大通涨0.58%，美国银行涨0.45%，花旗集团涨0.43%，富国银行涨0.45%。\n礼来盘前直线拉涨，涨超7%。公司治疗早期阿尔茨海默病的donanemab抗体获得美国食品药品监督管理局突破性治疗地位认证。\n微软盘前涨0.57%。微软股价周三盘中创历史新高，总市值达两万亿美元。北京时间今晚23:00，微软将发布全新一代Windows系统Win11。据悉，新一代Windows将提供多方面为“后疫情世界”设计的功能。\n特斯拉盘前涨3%。此前特斯拉Model 3被美国在线汽车销售服务商Cars.com评为2021年美国制造最多的汽车。\n次新股、客户体验管理平台Sprinklr涨超10%，昨日上市首日收涨10%。\n人力资源网站戴斯控股盘前大涨20%。公司昨日宣布将追加1200万美元进行股票回购。\n云企业营销软件Marin Software盘前飙升超60%，此前宣布其旗舰平台MarinOne增加了管理Instacart广告的能力。\nWSB概念股盘前齐涨，Sundial Grower涨7%，3B家居涨5.19%，Clover Health涨3.9%，Tilray涨3.07%，维视图像涨2.23%，游戏驿站涨0.98%。\n大宗商品\n国际油价盘中大幅下跌。OPEC+将在下周举行会议，讨论进一步取消去年8月以来创纪录的减产，但尚未做出决定。\n截至发稿，WTI原油期货价格报72.67美元/桶，跌幅0.56%；布伦特原油期货价格报74.81美元/桶，跌幅0.51%。\n\n国际金价盘中走高。投资者等待更多经济数据。\n截至发稿，纽约市场黄金期货价格报1785.95美元/盎司，涨幅0.14%。","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":4124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126341940,"gmtCreate":1624545697780,"gmtModify":1703840021504,"author":{"id":"3586992742345237","authorId":"3586992742345237","name":"Jason001","avatar":"https://static.tigerbbs.com/d626b690870a11055bc7975ee05c4e36","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586992742345237","authorIdStr":"3586992742345237"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126341940","repostId":"1106576178","repostType":4,"repost":{"id":"1106576178","kind":"news","pubTimestamp":1624536819,"share":"https://ttm.financial/m/news/1106576178?lang=en_US&edition=fundamental","pubTime":"2021-06-24 20:13","market":"us","language":"zh","title":"XPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106576178","media":"时代在线","summary":"小鹏这次在香港上市属于双重上市，受美国SEC和香港SFC双方的监管。","content":"<p>By Li Zhuoling</p><p>Less than a year after successfully going public in the US last August,<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>They are then preparing for a Hong Kong IPO, aiming for a \"dual listing\".</p><p>At 8 p.m. on June 24, XPeng Motor Company issued a supplementary announcement to its prospectus, stating that it will issue 85 million Class A ordinary shares as part of its global offering, and 4.25 million Class A ordinary shares will be publicly offered in Hong Kong under the stock code \"9868\". XPeng Motors stated that the maximum offering price for this public offering in Hong Kong is HK$180 or US$23.19 per share (equivalent to US$46.39 per ADS).</p><p>Regarding shareholders, the prospectus shows that He Xiaopeng, co-founder, chairman and CEO of XPeng Motors, and his affiliated companies are the controlling shareholders of XPeng Motors, holding 21.75% of the shares. Taobao China holds 11.9% of the shares, and IDG Capital holds 4.8%.</p><p>On the same day, according to Times Finance on the official website of the Hong Kong Stock Exchange, XPeng Automotive has passed the listing hearing of the Hong Kong Stock Exchange and submitted its post-hearing information set for the first time. XPeng stated that this dataset is not the final listing document, and the company may update or revise it from time to time in accordance with the listing rules.</p><p>It is understood that this return to the Hong Kong stock market,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Bank of America and XPeng Motors are joint sponsors. The aforementioned investment bank had previously assisted XPeng in completing its IPO in the United States. Meanwhile, XPeng Motors has raised up to $2 billion in this round of financing. However, XPeng Automotive declined to comment on news regarding its Hong Kong listing, he told Times Finance.</p><p><img src=\"https://static.tigerbbs.com/637e64eaf32d8f5ba864c1e1c3561ec9\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\">Image source: XPeng Automobile</p><p>It is worth noting that, in addition to XPeng vehicles,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Both Li Auto and China have previously been rumored to be interested in listing in Hong Kong. In March of this year, according to media reports, Nio and XPeng had submitted their listing applications to the Hong Kong Stock Exchange, while Li Auto had not yet submitted its application. The report also cited sources familiar with the matter as saying that all three companies intend to sell 5% of their shares, raising a total of $5 billion.</p><p>Regarding the subsequent return plans and progress, Times Finance also interviewed Nio and...<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Both parties stated that there was no further information to disclose at the moment. Regarding the updates on XPeng' return to Hong Kong for its IPO, a representative from Nio' public relations department said, \"Best wishes to my teammates.\"</p><p><b>Dual listing</b></p><p>“XPeng’s listing in Hong Kong is a dual listing, subject to regulation by both the US SEC and the Hong Kong SFC. Generally speaking, this situation is stricter than a secondary listing,” Wang Yitang, a strategist at Sichuan Securities, told Times Finance on June 24.</p><p>Public information shows that companies primarily listed on qualified exchanges (such as the NYSE, NASDAQ, etc.) are allowed to conduct a secondary listing in Hong Kong, but must meet several conditions, including that the company must be a startup.<a href=\"https://laohu8.com/S/300832\">New industry</a>The company has a good compliance record of being listed on a qualified exchange for at least the most recent two full fiscal years, and the applicant's total market capitalization at the time of secondary listing in Hong Kong is not less than HK$40 billion, or the total market capitalization at the time of listing is not less than HK$10 billion and the revenue in the most recent audited fiscal year is not less than HK$1 billion, etc.</p><p><img src=\"https://static.tigerbbs.com/7426061ec0b6d7263a5f645b48ccc96b\" tg-width=\"550\" tg-height=\"414\" referrerpolicy=\"no-referrer\">Image source: Screenshot from the Hong Kong Stock Exchange website</p><p>XPeng’s return to the Hong Kong stock market through a rare “Dual Primary Listing” is mainly due to the short interval between its previous Listing on the US stock market (August 27 last year), which does not meet the requirement for the listed entity to have at least two years of good regulatory compliance records on another eligible exchange in a secondary Listing.</p><p>Wang Yitang told Times Finance that, given XPeng Motors' current market capitalization and its status as an innovative company, it theoretically meets the standards for listing on the Hong Kong Stock Exchange. As of the market close on June 23, XPeng Motors (XPEV.NYSE) closed at $41.61 per share, with a total market capitalization of $33.427 billion, or approximately HK$259.53 billion.</p><p>However, XPeng Motors' post-hearing filing with the Hong Kong Stock Exchange still mentioned a number of risks and uncertainties, including challenges as a new entrant to the industry, the possibility that its R&D efforts may not yield the expected results, risks related to autonomous driving technology, and the fact that it has only recently started generating revenue and is still generating losses and negative operating cash flow, which are likely to continue in the future.</p><p>Among them, in<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>Regarding production capacity cooperation, XPeng Automotive stated that the cooperation agreement with Haima will expire on December 31 this year, but there may be a failure to enter into a new contract or extend an existing contract with Haima on acceptable terms and conditions, and the agreement may also be terminated by mutual consent. If any of the above occurs, XPeng Motor may be required to enter into contracts with other third parties or significantly increase its own production capacity.</p><p>\"We cannot guarantee that, under such circumstances, we will be able to partner with other third parties on acceptable terms or increase our own production capacity to meet our needs, or at all. Completing any transition and ensuring the production capacity of the new third-party partners' factories...\"<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The expense and time required for electric vehicles to meet our quality standards and regulatory requirements may be greater than expected. Any of the above factors could adversely affect our business, results of operations, financial condition, and prospects. XPeng Motor Company stated in its post-hearing submission.</p><p><img src=\"https://static.tigerbbs.com/70c771acf3ec396d6a6bb60ff0922bce\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Image source: Internet. Please contact us to remove any infringements.</p><p><b>Is \"Wei Xiaoli\" accelerating its return to Hong Kong for IPO and fundraising?</b></p><p>Industry insiders believe that if XPeng successfully lists on the Hong Kong stock market, it will help it further broaden its financing channels and prepare funds for its subsequent product launches and technology research and development.</p><p>According to data submitted by XPeng Motors to the Hong Kong Stock Exchange, XPeng Motors' annual R&D expenditure was RMB 1.051 billion, RMB 2.07 billion, and RMB 1.726 billion from 2018 to 2020, respectively. Adding the RMB 535 million in the first quarter of this year, the total is approximately RMB 5.382 billion. The above expenses accounted for 89.2%, 29.5% and 18.1% of our total revenue in 2019, 2020 and the three months ended 31 March 2021, respectively.</p><p>In terms of R&D personnel, as of the end of March this year, 2,442 employees (accounting for approximately 39.8% of the total) worked in XPeng Automotive's R&D department, of which 62.1%, 16.3% and 21.5% were dedicated to automotive design and engineering, autonomous driving and intelligent operating systems, respectively. Looking at the employee breakdown by function, the proportion of R&D personnel at XPeng Motor Company is second only to those responsible for sales and marketing (2,518 people), with the latter accounting for 41.1%.</p><p>It is worth noting that XPeng Motor Company had previously acquired relatively sufficient cash reserves through its initial public offering and subsequent share issuances. It is reported that it completed its initial public offering and listed on the New York Stock Exchange last August, raising net proceeds of approximately US$1.656 billion after deducting underwriting discounts, commissions and expenses. Subsequently, in December of last year, XPeng completed a subsequent public offering at a price of $45 per American Depositary Share or $22.5 per share, raising a total of $2.445 billion in net proceeds after deducting underwriting discounts, commissions and expenses.</p><p>Currently, in addition to XPeng Automobile, two other leading emerging automakers, Nio and Li Auto, are rumored to also have plans to list in Hong Kong in order to further optimize their financing channels. According to the Q1 financial reports of \"Wei Xiaoli\" automakers, all three automakers currently have cash reserves exceeding 30 billion yuan. Among them, Nio has the largest cash reserves of 47.5 billion yuan, XPeng has 36.201 billion yuan, and Li Auto has 30.36 billion yuan.</p><p>Previously, Li Auto founder and CEO Li Xiang stated that Li Auto would not mind any form of financing, including the secondary market, bank loans, and bond issuance.</p><p>An industry insider told Times Finance that while broadening external financing channels, expanding delivery scale to enhance their own revenue-generating capabilities remains the top priority for emerging electric vehicle companies to achieve profitability. according to<a href=\"https://laohu8.com/S/002736\">Guoxin Securities</a>The research report estimates that Nio, XPeng, and Li Auto need to reach sales volumes of 180,000, 120,000, and 60,000 vehicles respectively to achieve profitability. As of the end of May this year, Nio had delivered a total of 109,500 vehicles, XPeng had delivered over 64,000 vehicles, and Li Auto had delivered over 56,000 vehicles.</p>","source":"lsy1588128741489","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>XPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.</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\">\nXPeng Motor Company's Hong Kong IPO price reached a maximum of HK$180 per share; Nio sent his blessings.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">时代在线</strong><span class=\"h-time small\">2021-06-24 20:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>By Li Zhuoling</p><p>Less than a year after successfully going public in the US last August,<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>They are then preparing for a Hong Kong IPO, aiming for a \"dual listing\".</p><p>At 8 p.m. on June 24, XPeng Motor Company issued a supplementary announcement to its prospectus, stating that it will issue 85 million Class A ordinary shares as part of its global offering, and 4.25 million Class A ordinary shares will be publicly offered in Hong Kong under the stock code \"9868\". XPeng Motors stated that the maximum offering price for this public offering in Hong Kong is HK$180 or US$23.19 per share (equivalent to US$46.39 per ADS).</p><p>Regarding shareholders, the prospectus shows that He Xiaopeng, co-founder, chairman and CEO of XPeng Motors, and his affiliated companies are the controlling shareholders of XPeng Motors, holding 21.75% of the shares. Taobao China holds 11.9% of the shares, and IDG Capital holds 4.8%.</p><p>On the same day, according to Times Finance on the official website of the Hong Kong Stock Exchange, XPeng Automotive has passed the listing hearing of the Hong Kong Stock Exchange and submitted its post-hearing information set for the first time. XPeng stated that this dataset is not the final listing document, and the company may update or revise it from time to time in accordance with the listing rules.</p><p>It is understood that this return to the Hong Kong stock market,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Bank of America and XPeng Motors are joint sponsors. The aforementioned investment bank had previously assisted XPeng in completing its IPO in the United States. Meanwhile, XPeng Motors has raised up to $2 billion in this round of financing. However, XPeng Automotive declined to comment on news regarding its Hong Kong listing, he told Times Finance.</p><p><img src=\"https://static.tigerbbs.com/637e64eaf32d8f5ba864c1e1c3561ec9\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\">Image source: XPeng Automobile</p><p>It is worth noting that, in addition to XPeng vehicles,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Both Li Auto and China have previously been rumored to be interested in listing in Hong Kong. In March of this year, according to media reports, Nio and XPeng had submitted their listing applications to the Hong Kong Stock Exchange, while Li Auto had not yet submitted its application. The report also cited sources familiar with the matter as saying that all three companies intend to sell 5% of their shares, raising a total of $5 billion.</p><p>Regarding the subsequent return plans and progress, Times Finance also interviewed Nio and...<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Both parties stated that there was no further information to disclose at the moment. Regarding the updates on XPeng' return to Hong Kong for its IPO, a representative from Nio' public relations department said, \"Best wishes to my teammates.\"</p><p><b>Dual listing</b></p><p>“XPeng’s listing in Hong Kong is a dual listing, subject to regulation by both the US SEC and the Hong Kong SFC. Generally speaking, this situation is stricter than a secondary listing,” Wang Yitang, a strategist at Sichuan Securities, told Times Finance on June 24.</p><p>Public information shows that companies primarily listed on qualified exchanges (such as the NYSE, NASDAQ, etc.) are allowed to conduct a secondary listing in Hong Kong, but must meet several conditions, including that the company must be a startup.<a href=\"https://laohu8.com/S/300832\">New industry</a>The company has a good compliance record of being listed on a qualified exchange for at least the most recent two full fiscal years, and the applicant's total market capitalization at the time of secondary listing in Hong Kong is not less than HK$40 billion, or the total market capitalization at the time of listing is not less than HK$10 billion and the revenue in the most recent audited fiscal year is not less than HK$1 billion, etc.</p><p><img src=\"https://static.tigerbbs.com/7426061ec0b6d7263a5f645b48ccc96b\" tg-width=\"550\" tg-height=\"414\" referrerpolicy=\"no-referrer\">Image source: Screenshot from the Hong Kong Stock Exchange website</p><p>XPeng’s return to the Hong Kong stock market through a rare “Dual Primary Listing” is mainly due to the short interval between its previous Listing on the US stock market (August 27 last year), which does not meet the requirement for the listed entity to have at least two years of good regulatory compliance records on another eligible exchange in a secondary Listing.</p><p>Wang Yitang told Times Finance that, given XPeng Motors' current market capitalization and its status as an innovative company, it theoretically meets the standards for listing on the Hong Kong Stock Exchange. As of the market close on June 23, XPeng Motors (XPEV.NYSE) closed at $41.61 per share, with a total market capitalization of $33.427 billion, or approximately HK$259.53 billion.</p><p>However, XPeng Motors' post-hearing filing with the Hong Kong Stock Exchange still mentioned a number of risks and uncertainties, including challenges as a new entrant to the industry, the possibility that its R&D efforts may not yield the expected results, risks related to autonomous driving technology, and the fact that it has only recently started generating revenue and is still generating losses and negative operating cash flow, which are likely to continue in the future.</p><p>Among them, in<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>Regarding production capacity cooperation, XPeng Automotive stated that the cooperation agreement with Haima will expire on December 31 this year, but there may be a failure to enter into a new contract or extend an existing contract with Haima on acceptable terms and conditions, and the agreement may also be terminated by mutual consent. If any of the above occurs, XPeng Motor may be required to enter into contracts with other third parties or significantly increase its own production capacity.</p><p>\"We cannot guarantee that, under such circumstances, we will be able to partner with other third parties on acceptable terms or increase our own production capacity to meet our needs, or at all. Completing any transition and ensuring the production capacity of the new third-party partners' factories...\"<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The expense and time required for electric vehicles to meet our quality standards and regulatory requirements may be greater than expected. Any of the above factors could adversely affect our business, results of operations, financial condition, and prospects. XPeng Motor Company stated in its post-hearing submission.</p><p><img src=\"https://static.tigerbbs.com/70c771acf3ec396d6a6bb60ff0922bce\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Image source: Internet. Please contact us to remove any infringements.</p><p><b>Is \"Wei Xiaoli\" accelerating its return to Hong Kong for IPO and fundraising?</b></p><p>Industry insiders believe that if XPeng successfully lists on the Hong Kong stock market, it will help it further broaden its financing channels and prepare funds for its subsequent product launches and technology research and development.</p><p>According to data submitted by XPeng Motors to the Hong Kong Stock Exchange, XPeng Motors' annual R&D expenditure was RMB 1.051 billion, RMB 2.07 billion, and RMB 1.726 billion from 2018 to 2020, respectively. Adding the RMB 535 million in the first quarter of this year, the total is approximately RMB 5.382 billion. The above expenses accounted for 89.2%, 29.5% and 18.1% of our total revenue in 2019, 2020 and the three months ended 31 March 2021, respectively.</p><p>In terms of R&D personnel, as of the end of March this year, 2,442 employees (accounting for approximately 39.8% of the total) worked in XPeng Automotive's R&D department, of which 62.1%, 16.3% and 21.5% were dedicated to automotive design and engineering, autonomous driving and intelligent operating systems, respectively. Looking at the employee breakdown by function, the proportion of R&D personnel at XPeng Motor Company is second only to those responsible for sales and marketing (2,518 people), with the latter accounting for 41.1%.</p><p>It is worth noting that XPeng Motor Company had previously acquired relatively sufficient cash reserves through its initial public offering and subsequent share issuances. It is reported that it completed its initial public offering and listed on the New York Stock Exchange last August, raising net proceeds of approximately US$1.656 billion after deducting underwriting discounts, commissions and expenses. Subsequently, in December of last year, XPeng completed a subsequent public offering at a price of $45 per American Depositary Share or $22.5 per share, raising a total of $2.445 billion in net proceeds after deducting underwriting discounts, commissions and expenses.</p><p>Currently, in addition to XPeng Automobile, two other leading emerging automakers, Nio and Li Auto, are rumored to also have plans to list in Hong Kong in order to further optimize their financing channels. According to the Q1 financial reports of \"Wei Xiaoli\" automakers, all three automakers currently have cash reserves exceeding 30 billion yuan. Among them, Nio has the largest cash reserves of 47.5 billion yuan, XPeng has 36.201 billion yuan, and Li Auto has 30.36 billion yuan.</p><p>Previously, Li Auto founder and CEO Li Xiang stated that Li Auto would not mind any form of financing, including the secondary market, bank loans, and bond issuance.</p><p>An industry insider told Times Finance that while broadening external financing channels, expanding delivery scale to enhance their own revenue-generating capabilities remains the top priority for emerging electric vehicle companies to achieve profitability. according to<a href=\"https://laohu8.com/S/002736\">Guoxin Securities</a>The research report estimates that Nio, XPeng, and Li Auto need to reach sales volumes of 180,000, 120,000, and 60,000 vehicles respectively to achieve profitability. As of the end of May this year, Nio had delivered a total of 109,500 vehicles, XPeng had delivered over 64,000 vehicles, and Li Auto had delivered over 56,000 vehicles.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.time-weekly.com/post/282527\">时代在线</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f112c7634aa63c7d43e3db0ad6536d8","relate_stocks":{"XPEV":"小鹏集团","09868":"小鹏集团-W"},"source_url":"http://www.time-weekly.com/post/282527","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106576178","content_text":"文／李卓玲\n距去年8月成功赴美上市不到一年时间，小鹏汽车便筹备回港IPO欲“双重上市”。\n6月24日晚8时，小鹏汽车发布了招股说明书补充公告称，将发行8500万股A类普通股作为全球发行的一部分，香港公开发售425万股A类普通股，股票代码为“9868”。小鹏汽车表示本次香港公开发行的最高发行价为每股180港元或23.19美元(相等于每ADS 46.39美元)。\n股东方面，招股书显示，小鹏汽车联合创始人、董事长兼首席执行官何小鹏及其关联公司为小鹏汽车控股股东，持股21.75%；淘宝中国持股11.9%，IDG资本持股4.8%。\n同日，据时代财经在港交所官网了解到，小鹏汽车已通过港交所上市聆讯，并第一次呈交聆讯后资料集。小鹏汽车称，该资料集并非最终上市文件，公司可能会不时根据上市规则作出更新或修订。\n据悉，此次回归港股，摩根大通和美银为小鹏汽车联席保荐人，前述投行此前曾助小鹏完成赴美上市事宜。与此同时，小鹏汽车此次融资规模最多为20亿美元。不过，对于赴港上市相关消息，小鹏汽车对时代财经称，不予置评。\n图片来源：小鹏汽车\n值得关注的是，除了小鹏汽车外，蔚来和理想汽车此前亦均传出有赴港上市之心。今年3月，据媒体报道，蔚来、小鹏汽车已向港交所递交上市申请，而理想尚未“递表”；该报道并援引知情人士称，三家公司均打算出售5%的股权，筹资金额合计或将达到50亿美元。\n对于后续回归计划及进展，时代财经6月24日也分别采访了蔚来和理想汽车，双方均称暂无更多消息披露，而对于小鹏回港IPO动态，蔚来公关部人士称，“祝福队友”。\n双重上市\n“小鹏这次在香港上市属于双重上市，受美国SEC和香港SFC双方的监管。一般来说，这种情况会比二次上市更为严格。”6月24日，川财证券策略分析师王一棠对时代财经表示。\n公开资料显示，在合格交易所（如纽交所、纳斯达克等）作主要上市的企业，允许在港作第二上市，但需符合几大条件，包括企业必须是创新产业公司、在至少最近两个完整会计年度于合格交易所上市的合规纪录良好，以及申请人于香港第二上市时的总市值不少于400亿港币，或上市时的总市值不少于100亿港币并且最近一个经审计会计年度的收益不少于10亿港币等。\n图片来源：港交所官网截图\n小鹏此次以目前较少见的“双重主要上市”(Dual Primary Listing)方式回归港股，主要因其距此前美股上市（去年8月27日）的间隔时间较短，不符合二次上市中对于上市主体在另一家符合条件的交易所至少有两年良好监管合规记录的要求。\n王一棠对时代财经称，从小鹏汽车当前市值，再加上该公司为创新企业，理论上满足上市港交所的标准。而截至6月23日收盘，小鹏汽车(XPEV.NYSE)美股收盘价为41.61美元/股，总市值达334.27亿美元，约合2595.3亿港币。\n不过，小鹏汽车在向港交所呈交的聆讯后资料中仍提及多项风险和不确定因素，包括作为行业新加入者的挑战、研发工作可能无法产能预期成果、自动驾驶技术风险，以及最近才开始产生收入且仍在产生亏损和负经营现金流，而此等情形将有可能于日后持续等。\n其中，在与海马汽车的产能合作方面，小鹏汽车称，与前者的合作协议将于今年12月31日届满，但可能存在未能与海马以可接纳的条款及条件订立新合约或延长现有合约，以及订立的协议亦可能会在双方同意下终止。如出现任何上述情况，小鹏汽车或须与其他第三方订立合约或大幅增加本身的产能。\n“我们无法保证在该情形下能按可接纳的条款，与其他第三方合伙或增加本身的产能以满足我们的需求，或完全不能满足。完成任何过渡及确保新第三方合作伙伴的工厂所生产的智能电动汽车符合我们的质量标准及监管规定所需的开支及时间可能较预期为多。上述任何因素均可能对我们的业务、经营业绩、财务状况及前景造成不利影响。”小鹏汽车在其呈交的聆讯后资料中指出。\n图片来源：网络，侵权请联系删除\n“蔚小理”加速回港上市筹资？\n在业界看来，若小鹏汽车如愿登陆港股市场，将助其进一步拓宽融资渠道，为其后续产品投放、技术研发等做好资金储备。\n据小鹏汽车呈交给港交所的资料显示，2018年至2020年，小鹏汽车的年研发开支分別为人民币10.51亿元、20.7亿元、17.26亿元，再加上今年一季度的5.35亿元，合计约53.82亿元。在2019年、2020年及截至2021年3月31日止三个月，上述开支分别占总收入89.2%、29.5%及18.1%。\n在研发人员方面，截至今年3月底，有2442名员工(占总人数约39.8%)在小鹏汽车研发部门工作，其中62.1%、16.3%和21.5%分别致力于汽车设计与工程、自动驾驶和智能操作系统。按职能分类的员工明细来看，小鹏汽车的研发人员占比仅次于负责销售及营销的员工（2518人），后者这一占比为41.1%。\n值得关注的是，小鹏汽车此前通过首发上市及后续股票增发等，获得较为充足的现金储备。据悉，其去年8月完成首次公开发售及于纽交所上市，经扣除承销折扣、佣金及开支后，共筹得所得款项净额约16.56亿美元。随后，去年12月，小鹏汽车又按每股美国存托股45美元或每股股份22.5美元的价格完成后续公开发售，经扣除承销折扣、佣金及开支后，共筹得所得款项净额24.45亿美元。\n而目前，除了小鹏汽车外，另外两家头部新势力车企蔚来、理想被传同样有回港上市计划，以进一步优化融资渠道。结合“蔚小理”车企Q1财报来看，目前三家车企现金储备均超300亿元，其中，蔚来现金储备最多达475亿元，小鹏为362.01亿元，理想汽车为303.6亿元。\n此前，理想汽车创始人、CEO李想曾对外表示，理想不介意任何一种方式的融资，包括二级市场、银行贷款和发债等。\n有业界人士对时代财经称，在拓宽外部融资渠道的同时，扩大交付规模以提升自身造血能力仍是新势力车企实现盈利的头等大事。据国信证券研报测算认为，蔚来、小鹏、理想要想实现盈利，销量规模分别需达到18万辆、12万辆和6万辆。截至今年5月底，蔚来累计交付量为10.95万辆，小鹏汽车累计交付量超6.4万辆，理想汽车累计交付量超5.6万辆。","news_type":1,"symbols_score_info":{"XPEV":0.9,"09868":0.9}},"isVote":1,"tweetType":1,"viewCount":4143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126343215,"gmtCreate":1624545683237,"gmtModify":1703840021013,"author":{"id":"3586992742345237","authorId":"3586992742345237","name":"Jason001","avatar":"https://static.tigerbbs.com/d626b690870a11055bc7975ee05c4e36","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586992742345237","authorIdStr":"3586992742345237"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126343215","repostId":"1121154040","repostType":4,"repost":{"id":"1121154040","kind":"news","pubTimestamp":1624539354,"share":"https://ttm.financial/m/news/1121154040?lang=en_US&edition=fundamental","pubTime":"2021-06-24 20:55","market":"us","language":"zh","title":"Big reveal: Windows 11 is coming tonight! What updates can we see?","url":"https://stock-news.laohu8.com/highlight/detail?id=1121154040","media":"腾讯科技","summary":"被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。","content":"<p>At 11 PM Beijing time on June 24th,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch event is about to be held, with what Microsoft CEO Satya Nadella calls the \"most important update\" to Windows in a decade.</p><p>Although Microsoft has not confirmed the upcoming new product release in any public setting, the major leak of the Windows 11 development version on June 16 has made the matter less mysterious. Windows 11 will be the main focus of tonight's launch event, and Microsoft has already showcased the most important update of the decade for Windows to us in all aspects before the event.</p><p>However, this press conference is not entirely without its highlights; there are still some details worth paying attention to.</p><p><b>What improvements can Windows 11 make to touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people found that this so-called \"major version\" did not make any significant functional improvements compared to the previous Windows 10, except for some Design adjustments to the interface to make it more in line with Microsoft's Fluent Design language.</p><p>Some users even gave it a Windows 10 skin after experiencing the Windows 11 development version.</p><p>To some extent, Windows 11 is indeed not as significant a design improvement as it was when we switched from Win8 to Win10. However, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which Microsoft has already canceled.</p><p>Features that appeared in the Windows 11 development version, such as \"centering the Start Menu and multitasking on the same screen,\" were originally standard features of Windows 10X.</p><p>Therefore, the leaked Windows 11 is more like an iteration of the previous Windows 10X. However, since 10X is a product designed by Microsoft for dual touch screens, what touch-enabled features Windows 11 will add to the system will be an important point of interest at tonight's launch event.</p><p>Microsoft has confirmed that it plans to \"innovate and develop exciting sensor technologies\" for future versions of Windows. As part of Windows 11 or an upcoming Windows update, popular features such as \"user presence detection,\" gesture detection, and ambient light will be improved to \"deliver a dazzling user experience on Windows.\"</p><p>This means that Microsoft hopes to achieve a fusion of desktop and mobile devices through the new Windows 11. Although Microsoft's current mobile phone projects are basically in a semi-abandoned state, the Surface still requires touch operation to achieve an excellent experience in more usage scenarios. Therefore, the improvements in touch and gestures in Windows 11 are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although MacOS's App Store doesn't have a strong presence, the App Store currently offered by Windows 10 seems even less important in comparison.</p><p>However, this may be greatly improved in Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand new app store that is more inclusive and free. Microsoft plans to introduce more developers to the new app store, such as apps like Chorme or Firefox, which will be available for download in the Microsoft app store in the future.</p><p>Another major improvement will be in the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and make in-app payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this comes true at tonight's press conference, since Microsoft is now uniting with Epic to resist...<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The App Store's high \"Apple tax\". This move could influence the reshuffling of app service pricing methods by large companies like Microsoft, Apple, and Google in the coming years.</p><p>Microsoft recently announced that it will reduce the purchase commission for games listed in its App Store from 30% to 12%. This significant discount has put a lot of pressure on App stores like Steam.</p><p><b>Will Windows 11 focus on improving the user experience for professional users?</b></p><p>As the world's largest desktop operating system, Windows' professional capabilities have been overlooked by many people. In this Windows 11 development version, we actually saw Microsoft's optimizations and improvements for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display for switching between multiple desktops, while also providing better support for multiple monitors. This has, to some extent, solved the problems that high-end users have accumulated over many years regarding multitasking.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>Meanwhile, Windows 11 has also focused more on improving the experience for game users. On this brand-new operating system, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social sections of the Xbox network, and the Xbox Store.</p><p>Meanwhile, Windows 11 has already been tested on XBox, and we hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display or faster game loading speeds, to improve the PC gaming experience.</p><p><b>Free upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we most want to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 7/8 to Windows 10, it used a free upgrade method, allowing all users to upgrade to the corresponding Windows 10 version. We hope that the free service will still appear on Windows 11.</p><p>The market has successfully told Microsoft that there is no point in charging users to upgrade their systems. As an operating system development company, Microsoft relies on OEM licensing and commercial licensing for more of its software revenue. Therefore, it is very likely that Windows 11 will still use the same free upgrade method as Windows 10.</p><p>Although Microsoft has sneaked Windows 11 away, it has actually left us with a lot of suspense. These answers may be revealed when Microsoft officially holds its new product launch event at 11 PM Beijing time on June 24th.</p>","source":"lsy1580517846866","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>Big reveal: Windows 11 is coming tonight! What updates can we see?</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\">\nBig reveal: Windows 11 is coming tonight! What updates can we see?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-24 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At 11 PM Beijing time on June 24th,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch event is about to be held, with what Microsoft CEO Satya Nadella calls the \"most important update\" to Windows in a decade.</p><p>Although Microsoft has not confirmed the upcoming new product release in any public setting, the major leak of the Windows 11 development version on June 16 has made the matter less mysterious. Windows 11 will be the main focus of tonight's launch event, and Microsoft has already showcased the most important update of the decade for Windows to us in all aspects before the event.</p><p>However, this press conference is not entirely without its highlights; there are still some details worth paying attention to.</p><p><b>What improvements can Windows 11 make to touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people found that this so-called \"major version\" did not make any significant functional improvements compared to the previous Windows 10, except for some Design adjustments to the interface to make it more in line with Microsoft's Fluent Design language.</p><p>Some users even gave it a Windows 10 skin after experiencing the Windows 11 development version.</p><p>To some extent, Windows 11 is indeed not as significant a design improvement as it was when we switched from Win8 to Win10. However, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which Microsoft has already canceled.</p><p>Features that appeared in the Windows 11 development version, such as \"centering the Start Menu and multitasking on the same screen,\" were originally standard features of Windows 10X.</p><p>Therefore, the leaked Windows 11 is more like an iteration of the previous Windows 10X. However, since 10X is a product designed by Microsoft for dual touch screens, what touch-enabled features Windows 11 will add to the system will be an important point of interest at tonight's launch event.</p><p>Microsoft has confirmed that it plans to \"innovate and develop exciting sensor technologies\" for future versions of Windows. As part of Windows 11 or an upcoming Windows update, popular features such as \"user presence detection,\" gesture detection, and ambient light will be improved to \"deliver a dazzling user experience on Windows.\"</p><p>This means that Microsoft hopes to achieve a fusion of desktop and mobile devices through the new Windows 11. Although Microsoft's current mobile phone projects are basically in a semi-abandoned state, the Surface still requires touch operation to achieve an excellent experience in more usage scenarios. Therefore, the improvements in touch and gestures in Windows 11 are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although MacOS's App Store doesn't have a strong presence, the App Store currently offered by Windows 10 seems even less important in comparison.</p><p>However, this may be greatly improved in Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand new app store that is more inclusive and free. Microsoft plans to introduce more developers to the new app store, such as apps like Chorme or Firefox, which will be available for download in the Microsoft app store in the future.</p><p>Another major improvement will be in the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and make in-app payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this comes true at tonight's press conference, since Microsoft is now uniting with Epic to resist...<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The App Store's high \"Apple tax\". This move could influence the reshuffling of app service pricing methods by large companies like Microsoft, Apple, and Google in the coming years.</p><p>Microsoft recently announced that it will reduce the purchase commission for games listed in its App Store from 30% to 12%. This significant discount has put a lot of pressure on App stores like Steam.</p><p><b>Will Windows 11 focus on improving the user experience for professional users?</b></p><p>As the world's largest desktop operating system, Windows' professional capabilities have been overlooked by many people. In this Windows 11 development version, we actually saw Microsoft's optimizations and improvements for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display for switching between multiple desktops, while also providing better support for multiple monitors. This has, to some extent, solved the problems that high-end users have accumulated over many years regarding multitasking.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>Meanwhile, Windows 11 has also focused more on improving the experience for game users. On this brand-new operating system, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social sections of the Xbox network, and the Xbox Store.</p><p>Meanwhile, Windows 11 has already been tested on XBox, and we hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display or faster game loading speeds, to improve the PC gaming experience.</p><p><b>Free upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we most want to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 7/8 to Windows 10, it used a free upgrade method, allowing all users to upgrade to the corresponding Windows 10 version. We hope that the free service will still appear on Windows 11.</p><p>The market has successfully told Microsoft that there is no point in charging users to upgrade their systems. As an operating system development company, Microsoft relies on OEM licensing and commercial licensing for more of its software revenue. Therefore, it is very likely that Windows 11 will still use the same free upgrade method as Windows 10.</p><p>Although Microsoft has sneaked Windows 11 away, it has actually left us with a lot of suspense. These answers may be revealed when Microsoft officially holds its new product launch event at 11 PM Beijing time on June 24th.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a04bf2da8ab76e823e11aa8e2f8fa5a2","relate_stocks":{"MSFT":"微软"},"source_url":"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121154040","content_text":"北京时间6月24日晚11点，微软将召开一场新品发布会，被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。\n尽管微软并没有在任何的公开场合确认过即将发布的新品，但因为6月16日Windows 11开发版本的重大泄露，让这件事变得没有那么神秘了。Windows 11将会成为今晚发布会的主角，而微软口中Windows十年最重要的更新，也已经在发布会之前就全方位的展示给我们了。\n但关于这场发布会，也不能说完全没有看点，其中还有一些细节值得我们关注。\nWindows 11在触摸和手势上能有何改善？\n\n很多人在体验过Windows 11的开发版本之后，发现这个所谓的“大版本”和之前的Windows 10相比，除了在界面上进行了一些设计调整，让它更贴合微软Fluent Design设计语言外，并让没有非常明显的功能性改进。\n甚至有的用户在体验完Windows 11开发版之后，给它了一个Windows 10皮肤的定位。\n从一定程度上讲，Windows 11确实不如之前从Win8转Win10时，设计改进巨大。但实际上如果你了解之前微软在Windows上的设计演进外，你会发现当下这个版本Windows 11实际上和已经被微软砍掉的Windows 10X有着极为相似的设计。\n包括“开始菜单居中、同屏多任务布局”等等在Windows 11开发版上出现的功能，原来都是Windows 10X的标配。\n所以目前泄露的Windows 11，更像是之前Windows 10X的迭代版本。但由于10X是微软为触摸双屏幕打造的产品，因此Windows 11将会在系统上增加哪些支持触摸操作的特性，将会成为今晚发布会上重要的看点。\n微软方面已经确认，正计划为未来的Windows版本 “创新和开发令人兴奋的传感器技术”。作为Windows 11或即将到来的Windows更新的一部分，“用户存在检测”、手势检测和环境光等流行功能将得到改进，以 “实现Windows上令人眼花缭乱的用户体验”。\n这意味着微软希望通过新的Windows 11来实现桌面和移动端的融合，尽管微软目前的手机项目基本上处于半放弃状态，但Surface依然需要触摸操作来实现在更多使用场景下的出色体验，因此Windows 11在触摸和手势上的改进，非常重要。\n全新的Windows App Store？\n\n尽管MacOS的App Store存在感也不强，但是相比之下，Windows 10目前提供的应用商店显得更加鸡肋。\n不过这件事可能会在今晚到来的Windows 11上大为改善。\n据媒体报道，微软一直在开发一个全新的应用商店，它更加的海纳百川也更加的自由。微软计划在新的应用商店中引入更多的开发者，比如Chorme或者Firefox这样的应用，未来都可以在微软应用商店进行下载。\n另外一个重大的改进，将会是支付机制上。微软或许将在新的应用商店中允许开发者绕过微软的支付机制，通过第三方的支付机制实现App内付款，以换得减免15%的微软抽成。\n如果这件事在今天晚上的发布会上成真，请别惊讶，毕竟微软现在正和Epic统一战线，以抵制苹果App Store高昂的“苹果税”。此举可能会影响到未来几年内，微软、苹果、Google这样的大公司，在应用服务上的收费方式重新洗牌。\n微软最近也宣布了将自家App Store中上架游戏的购买抽成从之前的30%降到12%，这大幅的优惠，让Steam这样的应用商店倍感压力。\nWindows 11将重点提升专业用户的使用感受？\nWindows作为全球最大的桌面操作系统，其专业能力其实一直被很多人忽视。而在此次Windows 11开发版中，我们其实看到了微软对于一些专业用户的优化改进。\n微软在新的Windows 11中，改善了多桌面之间切换的显示方式，同时对于多显示器的支持，也更加的出色，这从一定程度上解决了高端用户对于多任务处理上，多年积累的问题。\n\n同时Windows 11也更专注的改善了游戏用户的体验。在这套全新的操作系统上，新的Xbox应用程序现已集成到Windows 11中，提供对Xbox Game Pass游戏、Xbox网络的社交部分和Xbox商店的快速访问。\n同时目前Windows 11也已经在XBox上进行了测试，我们也希望看到更多XBox的功能被纳入到桌面端来，比如提供自动HDR显示功能，或者是更快的游戏加载速度等等，一次提升PC在游戏方面的体验。\n免费升级？\n\n是的，这是我们最希望在Windows 11上看到的。\n微软之前在Windows 7/8升级Windows 10时，采用了免费升级的方式，所有用户都可以升级对应的Win10版本。我们希望免费这件事，依然会出现在Windows 11上。\n市场已经成功的告诉微软，从用户手里收钱升级系统这件事是没有意义的，微软作为一家操作系统开发公司，更多软件的收入要来自OEM授权和商业许可。因此很有可能Win11依然会采用之前Win10免费升级的方式。\n尽管微软Windows 11已经偷跑，但实际上微软还是留下了不少悬念给我们。北京时间6月24日23点，微软正式召开新品发布会之时，这些答案可能会被揭开。","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":4455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126349757,"gmtCreate":1624545666979,"gmtModify":1703840020194,"author":{"id":"3586992742345237","authorId":"3586992742345237","name":"Jason001","avatar":"https://static.tigerbbs.com/d626b690870a11055bc7975ee05c4e36","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586992742345237","authorIdStr":"3586992742345237"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126349757","repostId":"1105253990","repostType":4,"repost":{"id":"1105253990","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":1624543189,"share":"https://ttm.financial/m/news/1105253990?lang=en_US&edition=fundamental","pubTime":"2021-06-24 21:59","market":"us","language":"zh","title":"Chinese concept education stocks rebounded collectively, with Gaotu rising over 7%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1105253990","media":"老虎资讯综合","summary":"周四美股盘中，中概教育股集体走高，截至发稿，$高途(GOTU)$涨7.3%，$掌门教育(ZME)$涨4.23%，$好未来(TAL)$涨4.14%，$新东方(EDU)$涨3.82%。","content":"<p>On Thursday, Chinese education stocks listed in the US concept rose across the board. As of press time,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>Up 7.3%<a href=\"https://laohu8.com/S/ZME\">Zhangmen Education</a>Up 4.23%<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>Up 4.14%<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up 3.82%.</p><p><img src=\"https://static.tigerbbs.com/1361568be6786ad099d75fae05597ac8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese concept education stocks rebounded collectively, with Gaotu rising over 7%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese concept education stocks rebounded collectively, with Gaotu rising over 7%.\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\">2021-06-24 21:59</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Thursday, Chinese education stocks listed in the US concept rose across the board. As of press time,<a href=\"https://laohu8.com/S/GOTU\">Gaotu</a>Up 7.3%<a href=\"https://laohu8.com/S/ZME\">Zhangmen Education</a>Up 4.23%<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>Up 4.14%<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up 3.82%.</p><p><img src=\"https://static.tigerbbs.com/1361568be6786ad099d75fae05597ac8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3d0dcd81c76b57c004cab65425452aa1","relate_stocks":{"GOTU":"高途","ZME":"掌门教育","EDU":"新东方","TAL":"好未来"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105253990","content_text":"周四美股盘中，中概教育股集体走高，截至发稿，高途涨7.3%，掌门教育涨4.23%，好未来涨4.14%，新东方涨3.82%。","news_type":1,"symbols_score_info":{"EDU":0.9,"GOTU":0.9,"ZME":0.9,"TAL":0.9}},"isVote":1,"tweetType":1,"viewCount":4388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121902911,"gmtCreate":1624447298833,"gmtModify":1703836948236,"author":{"id":"3586992742345237","authorId":"3586992742345237","name":"Jason001","avatar":"https://static.tigerbbs.com/d626b690870a11055bc7975ee05c4e36","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586992742345237","authorIdStr":"3586992742345237"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121902911","repostId":"2145098856","repostType":4,"isVote":1,"tweetType":1,"viewCount":4376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121906871,"gmtCreate":1624447276193,"gmtModify":1703836946774,"author":{"id":"3586992742345237","authorId":"3586992742345237","name":"Jason001","avatar":"https://static.tigerbbs.com/d626b690870a11055bc7975ee05c4e36","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586992742345237","authorIdStr":"3586992742345237"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121906871","repostId":"1193942232","repostType":4,"isVote":1,"tweetType":1,"viewCount":4303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121906997,"gmtCreate":1624447255119,"gmtModify":1703836947259,"author":{"id":"3586992742345237","authorId":"3586992742345237","name":"Jason001","avatar":"https://static.tigerbbs.com/d626b690870a11055bc7975ee05c4e36","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586992742345237","authorIdStr":"3586992742345237"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121906997","repostId":"1155650044","repostType":4,"repost":{"id":"1155650044","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":1624441077,"share":"https://ttm.financial/m/news/1155650044?lang=en_US&edition=fundamental","pubTime":"2021-06-23 17:37","market":"hk","language":"zh","title":"Pony.ai will work with Geely to build electric vehicles, joined by XPeng design director","url":"https://stock-news.laohu8.com/highlight/detail?id=1155650044","media":"老虎资讯综合","summary":"小马智行方面表示不予置评。","content":"<p>According to late LatePost, self-driving company Pony.ai is currently in contact with Geely and plans to build electric vehicles based on Geely's \"SEA Vast\" platform.</p><p>Pony Zhixing began to consider building cars at the beginning of this year, and poached people from major OEMs. At present, it has set up dozens of R&D teams in Shanghai. Original<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Zhao Qian, the forward-looking design director of the styling center, has joined Pony.ai to be responsible for the vehicle design. Pony Zhixing's past accumulation mainly lies in L4 autonomous driving technology. Cooperation with car companies can enable Pony Zhixing to fill up its vehicle manufacturing capacity faster.</p><p>Pony.ai said it would not comment on the above news.</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>Pony.ai will work with Geely to build electric vehicles, joined by XPeng design director</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\">\nPony.ai will work with Geely to build electric vehicles, joined by XPeng design director\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\">2021-06-23 17:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to late LatePost, self-driving company Pony.ai is currently in contact with Geely and plans to build electric vehicles based on Geely's \"SEA Vast\" platform.</p><p>Pony Zhixing began to consider building cars at the beginning of this year, and poached people from major OEMs. At present, it has set up dozens of R&D teams in Shanghai. Original<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Zhao Qian, the forward-looking design director of the styling center, has joined Pony.ai to be responsible for the vehicle design. Pony Zhixing's past accumulation mainly lies in L4 autonomous driving technology. Cooperation with car companies can enable Pony Zhixing to fill up its vehicle manufacturing capacity faster.</p><p>Pony.ai said it would not comment on the above news.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9650f2612f443ead7eb61b0211075572","relate_stocks":{"00175":"吉利汽车","GELYY":"吉利汽车ADR"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155650044","content_text":"据晚点LatePost，自动驾驶公司小马智行（Pony.ai）目前正与吉利接触，计划基于吉利“SEA浩瀚”平台打造电动车。\n小马智行今年初开始考虑造车，并从各大主机厂挖人，目前已在上海组建起数十人的研发团队。原小鹏汽车造型设计中心前瞻设计总监赵谦已加盟小马智行，负责整车设计。小马智行过去的积累主要在于 L4 级自动驾驶技术，与车企合作，能让小马智行更快补齐整车制造能力。\n对上述消息，小马智行方面表示不予置评。","news_type":1,"symbols_score_info":{"00175":0.9,"GELYY":0.9}},"isVote":1,"tweetType":1,"viewCount":4383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}