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JRQE99
JRQE99
·
2023-01-16
[开心] [开心] [开心]
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编组 21备份 2
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JRQE99
JRQE99
·
2022-11-02
$老虎证券(TIGR)$
gogogo
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JRQE99
JRQE99
·
2022-07-03
$新加坡交易所(S68.SI)$
🤔
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JRQE99
JRQE99
·
2021-08-29
Nice color
Sunset and Rose Apple iPhone 13 series ultra-clear renderings exposed
临近发布，关于iPhone 13的爆料层出不穷，却又难辨真假，而根据消息显示，此次iPhone 13系列在外观上会有不小的变动，其中最大的亮点之一就是传闻会新增两款配色，分别名为日落金和玫瑰金配色。近日，@微数码李Sir曝光了iPhone 13 Pro机型的超清渲染图，其中就展示了最新的“玫瑰金”配色。
Sunset and Rose Apple iPhone 13 series ultra-clear renderings exposed
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JRQE99
JRQE99
·
2021-08-20
Omg
Tencent Ali Meituan Kuaishou, the market value evaporated by 8 trillion! Really abandoned?
8月19日当天，腾讯在二级市场上回购了18万股，涉资7697万港元。这是8月份以来，段永平第二次透露自己买入了腾讯的股票。在反垄断风暴下，腾讯已经收到多项反垄断行政处罚书。中信证券表示，腾讯控股二季度业绩略超预期。自去年10月28日的历史高点309.4港元以来，阿里巴巴累计下跌47.6%，市值蒸发了3.21万亿港元，跌掉了5个小米。
Tencent Ali Meituan Kuaishou, the market value evaporated by 8 trillion! Really abandoned?
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JRQE99
JRQE99
·
2021-08-16
666
Why do you get poorer and poorer when you speculate in stocks? We can't afford to copy the organization's homework
抄作业可取不可取？
Why do you get poorer and poorer when you speculate in stocks? We can't afford to copy the organization's homework
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JRQE99
JRQE99
·
2021-08-12
??
Why do technology companies like robot dogs?
谁能想到，小米今年发布会的 One More Thing 竟然是一只“狗”；更没想到的是，这只狗还有一个十分接地气的名字：铁蛋。 根据雷军的介绍，这只名为铁蛋的四足机器狗不仅能跑会跳，还可以根据人类的
Why do technology companies like robot dogs?
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JRQE99
JRQE99
·
2021-08-08
?
Foreign media: U.S. lawmakers ask the Department of Commerce to put Honor on the economic blacklist
又要打压荣耀？据英国路透社消息，美国14名众议院议员当地时间6日要求美国商务部将荣耀公司列入政府的经济黑名单。 报道称，以美国国会众议院外交委员会共和党人迈克尔·麦考尔为首的议员在一封信中表示，荣耀公
Foreign media: U.S. lawmakers ask the Department of Commerce to put Honor on the economic blacklist
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JRQE99
JRQE99
·
2021-08-03
Wow
Sorry, this post has been deleted
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JRQE99
JRQE99
·
2021-07-02
Ok
Reminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5
因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。 港股、A股、英股、澳股、新加坡股市照常交易。 背景简介： 独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月
Reminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5
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color","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/813651053","repostId":"2163516079","repostType":2,"repost":{"id":"2163516079","kind":"news","pubTimestamp":1630167300,"share":"https://ttm.financial/m/news/2163516079?lang=en_US&edition=fundamental","pubTime":"2021-08-29 00:15","market":"hk","language":"zh","title":"Sunset and Rose Apple iPhone 13 series ultra-clear renderings exposed","url":"https://stock-news.laohu8.com/highlight/detail?id=2163516079","media":"太平洋电脑网","summary":"临近发布，关于iPhone 13的爆料层出不穷，却又难辨真假，而根据消息显示，此次iPhone 13系列在外观上会有不小的变动，其中最大的亮点之一就是传闻会新增两款配色，分别名为日落金和玫瑰金配色。近日，@微数码李Sir曝光了iPhone 13 Pro机型的超清渲染图，其中就展示了最新的“玫瑰金”配色。","content":"<p><html><body>As the release approaches, there are endless revelations about the iPhone 13, but it is difficult to distinguish the true from the false. According to the news, there will be a lot of changes in the appearance of the iPhone 13 series. One of the biggest highlights is that there are rumors that two new models will be added. The color schemes are named sunset gold and rose gold respectively.</p><p>Recently, @ 微 digital 李 Sir exposed ultra-clear renderings of the iPhone 13 Pro model, which showed the latest \"rose gold\" color scheme.</p><p><figure><img h=\"450\" src=\"http://n.sinaimg.cn/spider20210829/450/w800h450/20210829/dd71-24ab0efe33d987a237aabcd5c171b1a7.jpg\" w=\"800\"/></figure>It is not difficult to see from the pictures that the rose gold of the iPhone 13 Pro series is slightly different from the rose gold of the previous iPhone 6S era. Its color scheme is darker, and the overall color is biased towards red copper, which is very different from the previous pink tone. It is more neutral and is no longer an exclusive color scheme for girls.</p><p><div sax-type=\"proxy\"></div>It is worth noting that, except for the color change, the back of the iPhone 13 Pro series is basically exactly the same as the previous generation. According to rumors, the change on the back of the phone is only that the area of the three-camera module is slightly larger.</p><p><figure><img h=\"450\" src=\"http://n.sinaimg.cn/spider20210829/450/w800h450/20210829/9ff9-a045ac62af944f1135acf38a9e0cca42.jpg\" w=\"800\"/></figure>In addition, the entire iPhone 13 series will bring huge changes to the front this year and will be equipped with a small notch display, which is also<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Reducing the notch area for the first time in four years will bring a larger screen-to-body ratio and effectively improve the visual effect. The screen size will still maintain the 5.4/6.1/6.7 of the previous generation.</p><p><div><img src=\"http://n.sinaimg.cn/default/2fb77759/20151125/320X320.png\"/></div></body></html></p>","source":"sina_tech","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>Sunset and Rose Apple iPhone 13 series ultra-clear renderings exposed</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\">\nSunset and Rose Apple iPhone 13 series ultra-clear renderings exposed\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">太平洋电脑网</strong><span class=\"h-time small\">2021-08-29 00:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body>As the release approaches, there are endless revelations about the iPhone 13, but it is difficult to distinguish the true from the false. According to the news, there will be a lot of changes in the appearance of the iPhone 13 series. One of the biggest highlights is that there are rumors that two new models will be added. The color schemes are named sunset gold and rose gold respectively.</p><p>Recently, @ 微 digital 李 Sir exposed ultra-clear renderings of the iPhone 13 Pro model, which showed the latest \"rose gold\" color scheme.</p><p><figure><img h=\"450\" src=\"http://n.sinaimg.cn/spider20210829/450/w800h450/20210829/dd71-24ab0efe33d987a237aabcd5c171b1a7.jpg\" w=\"800\"/></figure>It is not difficult to see from the pictures that the rose gold of the iPhone 13 Pro series is slightly different from the rose gold of the previous iPhone 6S era. Its color scheme is darker, and the overall color is biased towards red copper, which is very different from the previous pink tone. It is more neutral and is no longer an exclusive color scheme for girls.</p><p><div sax-type=\"proxy\"></div>It is worth noting that, except for the color change, the back of the iPhone 13 Pro series is basically exactly the same as the previous generation. According to rumors, the change on the back of the phone is only that the area of the three-camera module is slightly larger.</p><p><figure><img h=\"450\" src=\"http://n.sinaimg.cn/spider20210829/450/w800h450/20210829/9ff9-a045ac62af944f1135acf38a9e0cca42.jpg\" w=\"800\"/></figure>In addition, the entire iPhone 13 series will bring huge changes to the front this year and will be equipped with a small notch display, which is also<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Reducing the notch area for the first time in four years will bring a larger screen-to-body ratio and effectively improve the visual effect. The screen size will still maintain the 5.4/6.1/6.7 of the previous generation.</p><p><div><img src=\"http://n.sinaimg.cn/default/2fb77759/20151125/320X320.png\"/></div></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://tech.sina.cn/2021-08-29/detail-iktzscyx0971706.d.html?vt=4\">太平洋电脑网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://k.sinaimg.cn/n/tech/transform/667/w400h267/20210829/9978-70df382ec19350297e6e0fe238f05884.jpg/w120h90l50t1686.jpg","relate_stocks":{"AAPL":"苹果"},"source_url":"https://tech.sina.cn/2021-08-29/detail-iktzscyx0971706.d.html?vt=4","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163516079","content_text":"临近发布，关于iPhone 13的爆料层出不穷，却又难辨真假，而根据消息显示，此次iPhone 13系列在外观上会有不小的变动，其中最大的亮点之一就是传闻会新增两款配色，分别名为日落金和玫瑰金配色。\n近日，@微数码李Sir曝光了iPhone 13 Pro机型的超清渲染图，其中就展示了最新的“玫瑰金”配色。\n\n\n\n从图片中不难看出，iPhone 13 Pro系列的玫瑰金与此前iPhone 6S时代的玫瑰金略有不同，其配色更暗一些，整体偏向于紫铜的色彩，与此前偏粉色的色调区别很大，更加中性化了一些，不再是女生专属配色了。\n值得关注的是，iPhone 13 Pro系列除了配色的变化外，背部基本与上代完全一致，从传闻上看该机背部的变化仅仅是三摄模组的面积稍大一些。\n\n\n\n此外，iPhone 13全系今年将在正面带来巨大的变化，会配备小刘海显示屏，这也是苹果四年来首次将刘海区域缩小，将带来更大的屏占比，视觉效果有效提升，屏幕尺寸则依然维持前代的5.4/6.1/6.7三种。","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":3192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838573399,"gmtCreate":1629421698111,"gmtModify":1676530034252,"author":{"id":"4087940084041310","authorId":"4087940084041310","name":"JRQE99","avatar":"https://static.tigerbbs.com/e211bc6d950fccebd88314997101cab4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087940084041310","idStr":"4087940084041310"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/838573399","repostId":"2160799153","repostType":4,"repost":{"id":"2160799153","kind":"highlight","weMediaInfo":{"introduction":"致力于提供最及时的财经资讯，最专业的解读分析，覆盖宏观经济、金融机构、A股市场、上市公司、投资理财等财经领域。","home_visible":1,"media_name":"券商中国","id":"9","head_image":"https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f"},"pubTimestamp":1629420623,"share":"https://ttm.financial/m/news/2160799153?lang=en_US&edition=fundamental","pubTime":"2021-08-20 08:50","market":"hk","language":"zh","title":"Tencent Ali Meituan Kuaishou, the market value evaporated by 8 trillion! Really abandoned?","url":"https://stock-news.laohu8.com/highlight/detail?id=2160799153","media":"券商中国","summary":"8月19日当天，腾讯在二级市场上回购了18万股，涉资7697万港元。这是8月份以来，段永平第二次透露自己买入了腾讯的股票。在反垄断风暴下，腾讯已经收到多项反垄断行政处罚书。中信证券表示，腾讯控股二季度业绩略超预期。自去年10月28日的历史高点309.4港元以来，阿里巴巴累计下跌47.6%，市值蒸发了3.21万亿港元，跌掉了5个小米。","content":"<p>Suppressed by the anti-monopoly storm and rumors that tax cuts may be cancelled, the stock prices of Internet giants are experiencing the baptism of \"cold winter\".</p><p>On August 19, investors in Hong Kong stocks were \"severely beaten\" for more than 5 hours.</p><p>On the same day, the Hong Kong stock market struggled for only ten minutes after the opening, then turned around and went all the way down until the close. Hong Kong's Hang Seng Index fell by 2% and the Hang Seng Technology Index fell by nearly 3%.</p><p>The stock prices of Internet giants are even more \"injured\". Meituan and Kuaishou fell 7%.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell 5.54%,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>It fell 3.44%. Among them, the stock prices of Alibaba and Kuaishou both hit record lows, and Tencent Holdings also hit a 52-week low. In terms of U.S. stocks, Alibaba fell 6.85% on August 19.</p><p>Since the high point, Meituan's stock price has fallen by 55.96%, and its market value has evaporated by 1.58 trillion Hong Kong dollars; Tencent has fallen by 45.5% cumulatively, and its market value has evaporated by HK $3.38 trillion; Alibaba fell 47.6%, evaporating HK $3.21 trillion; Kuaishou's stock price fell 84%, evaporating 1.47 trillion Hong Kong dollars. The total market value of the above four Internet giants evaporated by 9.64 trillion Hong Kong dollars, or about 8 trillion yuan.</p><p>However, in the face of the nearly halved stock price, Tencent made a move! On August 19, Tencent repurchased 180,000 shares in the secondary market, involving HK $76.97 million. The day before (August 18), Duan Yongping, a well-known investor, issued a document saying that he bought some Tencent and Ali that day. This is the second time since August that Duan Yongping has revealed that he has bought Tencent shares.</p><p>Meituan's stock price halved, and its market value evaporated by HK $1.58 trillion</p><p>Let's take a look at Meituan first. The stock price fell 7.15% that day to close at HK $202.6 per share; Since the historical high of HK $460 per share set in February this year, Meituan's stock price has fallen by 55.96%.</p><p>The cumulative market value has evaporated by 1.58 trillion Hong Kong dollars, which is equivalent to the loss of 2.6 millets (Xiaomi's latest market value is 602.1 billion Hong Kong dollars).</p><p><img src=\"https://static.tigerbbs.com/40637a8cb5287f84680e70549bd22998\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>However, even if the stock price is cut in half, Meituan still has a 400% increase compared to the low of HK $40.25 at the beginning of 2019. This means that early investors still made huge profits, but those who lost more were those who bought after February 18 this year.</p><p>On April 26 this year, the State Administration for Market Regulation announced that recently, the State Administration for Market Regulation, based on reports, launched an investigation into Meituan's suspected monopolistic behaviors such as \"choose one from two\".</p><p>On July 26th, seven departments, including the State Administration of Market Supervision and the National Network Information Office, jointly issued the Guiding Opinions on Implementing the Responsibility of Online Catering Platforms and Effectively Safeguarding the Rights and Interests of Takeaway Food Delivery Workers, which put forward all-round requirements for safeguarding the legitimate rights and interests of food delivery workers, including labor income, labor safety, food safety, social security, working environment, organizational construction, disposal mechanism, etc.</p><p>Specifically, it includes: ensuring that the normal labor income of food delivery staff is not lower than the local minimum wage standard; The \"strictest algorithm\" shall not be used as the assessment requirement, and the assessment elements such as order quantity, punctuality rate, and online rate shall be reasonably determined through \"algorithm picking\" and other methods, and the delivery time limit shall be appropriately relaxed; The platform and third-party cooperative units participate in social insurance for food delivery staff who have established labor relations, support other food delivery staff to participate in social insurance, and participate in the pilot project of occupational injury protection for flexible employees on the platform in accordance with national regulations.</p><p>Immediately, Meituan's stock price plummeted 13.76% on July 26, and plummeted 17.66% on July 27.</p><p>CMB International pointed out that based on the potential adjustment of social security, it is expected that the operating profit margin of Meituan's food delivery business will drop to 6% in the second half of the year.</p><p><a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>It is believed that compared with other Internet leaders, Meituan has relatively little potential regulatory pressure in terms of anti-monopoly and information security review because it relies heavily on operations and its business is closer to people's lives. The market is most concerned about the long-term profitability impact of its business. Based on the increase of social security costs, the corresponding sensitivity analysis is carried out, and it is judged that the impact on the company's fundamentals is limited. The short-term rapid decline in the stock price is caused by panic caused by uncertainty in the context of the implementation of the double reduction policy in education. It is recommended to look at it objectively and believe that the company's value orientation for a better life is in line with the interests of all parties and has the foundation for healthy development. Maintain Meituan's \"buy\" rating.</p><p>Tencent fell 45.5% cumulatively, and its market value evaporated by HK $3.38 trillion</p><p>Let's take a look at the leading boss Tencent. On August 19, Tencent's stock price closed down 3.44%, setting a new 52-week low. However, in the face of the sluggish stock price, Tencent took action. On the same day, Tencent repurchased 180,000 shares at a cost of HK $76.97 million. The day before, Duan Yongping, a well-known investor, issued a document saying that he bought some Tencent and Ali that day. This is also the second time Duan Yongping revealed that he bought Tencent shares in August.</p><p>In fact, in early trading on August 19, Tencent's stock price opened 2.7% higher, mainly because the financial report disclosed by Tencent the night before was good, and the revenue and net profit data exceeded market expectations. In the financial report, Tencent also announced for the first time the proportion of primary school students' game turnover. Among them, players under the age of 16 accounted for 2.6% of Tencent's game turnover in China, and players under the age of 12 accounted for 0.3%.</p><p><img src=\"https://static.tigerbbs.com/eda6384db940551825922d9749eae7d3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>However, in early trading that day, other technology stocks took the lead in diving, and Tencent was also dragged down. After more than an hour of resistance, Tencent finally turned green. In the afternoon, the decline worsened, and finally closed down 3.44% at HK $421.2.</p><p>Like Meituan, Tencent's stock price also began to adjust on February 18 this year. Tencent's current stock price has fallen by 45.5% compared to the historical high of HK $773.39 when it was founded on February 18, and its market value has evaporated by HK $3.38 trillion, which is equivalent to a drop of 5.6 millets.</p><p>Under the anti-monopoly storm, Tencent has received a number of anti-monopoly administrative penalties. According to statistics from brokerage Chinese reporters, since July alone, Tencent has received 6 anti-monopoly fines and received bans from its subsidiaries<a href=\"https://laohu8.com/S/HUYA\">Tiger Tooth</a>With<a href=\"https://laohu8.com/S/DOYU\">Betta fish</a>The merger case was decided 1 copy.</p><p>In addition, in early August, a news report about games endangering teenagers compared online games to new \"drugs\" and named \"the glory of the king\", which once caused Tencent's share price to plummet by 10% in intraday trading on August 3rd. At noon that day, Tencent quickly issued a document, gradually launching seven new measures of \"double reduction, doubles and three promotions\" for all games from the pilot of \"the glory of the king\", and prohibiting users under the age of 12 from recharging.</p><p>The sharp drop in Tencent's stock price made Duan Yongping, a well-known investor, \"unable to stand it anymore\". On the morning of August 4, Duan Yongping wrote in his snowball account \"The road is invisible and I have style\", \"I bought some Tencent Holdings today, and I will buy more if it falls.\"</p><p><img src=\"https://static.tigerbbs.com/22411a318b2e4227b3fee2b8c803f411\" tg-width=\"900\" tg-height=\"172\" referrerpolicy=\"no-referrer\"></p><p>Under the call of the boss, investors poured into bargain hunting. Tencent's stock price once rose 5% that day and closed up 2.42%. However, after several days of shocks, Tencent's stock price has recently returned to its downward trend. On August 18, Duan Yongping posted again, \"I bought some Tencent and Ali today.\"</p><p><img src=\"https://static.tigerbbs.com/c04d07efd4d6414486e14509c0e76830\" tg-width=\"609\" tg-height=\"225\" referrerpolicy=\"no-referrer\">On the earnings conference call on the evening of August 18th, Liu Chiping, president of Tencent, said that global Internet supervision is the general trend, and China's structured supervision in the Internet field is leading and strict in the world. Previously, the supervision of China's Internet industry was relatively loose, but it is gradually tightening. It is expected that more regulatory measures will be introduced in the future.</p><p>Regarding the recent media reports that Internet companies may no longer enjoy the 10% preferential tax policy, Tencent CFO Luo Shuohan responded that with the passage of time, tax subsidies have generally decreased. In the past period of time, the company has fully considered the tax rate, and will strictly follow the national regulations in taxation in the future.</p><p><a href=\"https://laohu8.com/S/06030\">CITIC Securities</a>Said that Tencent Holdings' second-quarter performance slightly exceeded expectations. Tencent is the core investment target in China's Internet field. Although anti-monopoly supervision has affected Tencent's related subsidiaries, the company's core businesses are still stable at present. In China's Internet field, the company still has strong product and competitive advantages, and actively increases investment in renewable energy, cloud business and innovative content to maintain the driving force of long-term sustainable development. Considering that the company has increased its investment in renewable energy, cloud business, and innovative content, the income tax concessions for game enterprises may change, and the rectification of App open-screen advertising and the \"Data Security Law\" may have a certain impact on the advertising business. Short-term profit growth is expected to be under pressure, but there is still room for continued growth in the medium and long term, and the \"buy\" rating is maintained.</p><p>Alibaba fell 47.6%, and its market value evaporated by HK $3.21 trillion</p><p>On August 19, Alibaba's Hong Kong stock price also fell 5.51% to close at HK $162.1, a record low, with the latest market value of HK $3.52 trillion.</p><p><img src=\"https://static.tigerbbs.com/240444cc64551d7a9718f5ad0994e19d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">Compared with Meituan and Tencent, this round of adjustment of Alibaba's stock price was earlier, and it started this round of decline since the end of October last year. Since the all-time high of HK $309.4 on October 28 last year, Alibaba has fallen by 47.6%, and its market value has evaporated by HK $3.21 trillion, falling 5 Xiaomi.</p><p>The antitrust investigation that Ali encountered came earlier. In December 2020, the State Administration for Market Regulation launched an investigation into Alibaba Group's abuse of market dominance in China's online retail platform service market in accordance with the Anti-Monopoly Law. On April 10, 2021, the State Administration for Market Regulation announced that it imposed administrative penalties on Alibaba Group in accordance with the law, ordered it to stop illegal activities, and imposed a fine of 4% of its domestic sales of 455.712 billion yuan in China in 2019, totaling 18.228 billion yuan (US $2.782 billion).) fine. Days after Alibaba's antitrust fine was issued, regulators interviewed<a href=\"https://laohu8.com/S/06688\">Ant Group</a>。</p><p>At the beginning of August, Alibaba issued an \"early warning\" in a conference call after the financial report was announced that some businesses would no longer enjoy the 10% tax preferential policy. Alibaba's latest financial report data also shows that its effective tax rate for the three months ended June 30, 2021 has increased from 19% in the same period last year to 20% today.</p><p>Industry insiders told brokerage China reporters that changes in preferential tax rate policies should be mainly aimed at Internet giants such as Ali and Tencent, but have little impact on more new economic enterprises in the early stage of entrepreneurship.</p><p><a href=\"https://laohu8.com/S/600918\">Zhongtai Securities</a>He said that under the background of stricter supervision, Ali's short-term operations are under pressure. In the long run, e-commerce leaders will continue to benefit from the increase in online penetration and the acceleration of digitalization. Ali has accumulated strong competitive advantages in brand services, cloud computing and other fields. With strong competitive advantages, large investment in R&D, and excellent innovation capabilities, it is expected to drive growth through continuous innovation in the future.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>、<a href=\"https://laohu8.com/S/601211\">Guotai Junan</a>(Hong Kong) also recently stated that at present, Alibaba's valuation has reached an attractive level.</p><p>Kuaishou's stock price fell 84%, and its market value evaporated by HK $1.47 trillion</p><p>Compared with several other Internet giants, Kuaishou's stock price fell even worse.</p><p><img src=\"https://static.tigerbbs.com/2c48d96c580c0b42fb488aafad9f9210\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>On August 19, Kuaishou Hong Kong stocks fell 7.07% again to HK $65.75, setting a record low for the seventh consecutive trading day, with the latest market value of only HK $273.5 billion. Since the high of HK $417.8, Kuaishou's stock price has fallen by 84%, and its market value has evaporated by nearly HK $1.47 trillion. At present, the market value of Meituan's Hong Kong stock market is only 1.24 trillion Hong Kong dollars. In other words, Kuaishou has directly evaporated the size of a Meituan.</p><p>Kuaishou landed on the Hong Kong Stock Exchange on February 5 this year, becoming \"the first short video stock in China\". In the first six trading days after listing, Kuaishou's stock price rose all the way, and its market value once reached 1.74 trillion Hong Kong dollars. But unexpectedly, the good days of Kuaishou's listing will only stay in these 6 days. Subsequently, the stock has fallen all the way to this day, lasting for half a year.</p><p><a href=\"https://laohu8.com/S/00665\">Haitong International</a>It is pointed out that in the short term, it is believed that the lifting of the ban on restricted shares in August and regulatory uncertainty will put pressure on Kuaishou's stock price. The adjusted target price is HK $125 (originally HK $276), and the earnings per share forecast for fiscal year 2023 is lowered from RMB 9.81 to RMB 3.45, mainly due to the net profit margin adjustment.</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>Tencent Ali Meituan Kuaishou, the market value evaporated by 8 trillion! Really abandoned?</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\">\nTencent Ali Meituan Kuaishou, the market value evaporated by 8 trillion! Really abandoned?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">券商中国 </p>\n<p class=\"h-time smaller\">2021-08-20 08:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Suppressed by the anti-monopoly storm and rumors that tax cuts may be cancelled, the stock prices of Internet giants are experiencing the baptism of \"cold winter\".</p><p>On August 19, investors in Hong Kong stocks were \"severely beaten\" for more than 5 hours.</p><p>On the same day, the Hong Kong stock market struggled for only ten minutes after the opening, then turned around and went all the way down until the close. Hong Kong's Hang Seng Index fell by 2% and the Hang Seng Technology Index fell by nearly 3%.</p><p>The stock prices of Internet giants are even more \"injured\". Meituan and Kuaishou fell 7%.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell 5.54%,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>It fell 3.44%. Among them, the stock prices of Alibaba and Kuaishou both hit record lows, and Tencent Holdings also hit a 52-week low. In terms of U.S. stocks, Alibaba fell 6.85% on August 19.</p><p>Since the high point, Meituan's stock price has fallen by 55.96%, and its market value has evaporated by 1.58 trillion Hong Kong dollars; Tencent has fallen by 45.5% cumulatively, and its market value has evaporated by HK $3.38 trillion; Alibaba fell 47.6%, evaporating HK $3.21 trillion; Kuaishou's stock price fell 84%, evaporating 1.47 trillion Hong Kong dollars. The total market value of the above four Internet giants evaporated by 9.64 trillion Hong Kong dollars, or about 8 trillion yuan.</p><p>However, in the face of the nearly halved stock price, Tencent made a move! On August 19, Tencent repurchased 180,000 shares in the secondary market, involving HK $76.97 million. The day before (August 18), Duan Yongping, a well-known investor, issued a document saying that he bought some Tencent and Ali that day. This is the second time since August that Duan Yongping has revealed that he has bought Tencent shares.</p><p>Meituan's stock price halved, and its market value evaporated by HK $1.58 trillion</p><p>Let's take a look at Meituan first. The stock price fell 7.15% that day to close at HK $202.6 per share; Since the historical high of HK $460 per share set in February this year, Meituan's stock price has fallen by 55.96%.</p><p>The cumulative market value has evaporated by 1.58 trillion Hong Kong dollars, which is equivalent to the loss of 2.6 millets (Xiaomi's latest market value is 602.1 billion Hong Kong dollars).</p><p><img src=\"https://static.tigerbbs.com/40637a8cb5287f84680e70549bd22998\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>However, even if the stock price is cut in half, Meituan still has a 400% increase compared to the low of HK $40.25 at the beginning of 2019. This means that early investors still made huge profits, but those who lost more were those who bought after February 18 this year.</p><p>On April 26 this year, the State Administration for Market Regulation announced that recently, the State Administration for Market Regulation, based on reports, launched an investigation into Meituan's suspected monopolistic behaviors such as \"choose one from two\".</p><p>On July 26th, seven departments, including the State Administration of Market Supervision and the National Network Information Office, jointly issued the Guiding Opinions on Implementing the Responsibility of Online Catering Platforms and Effectively Safeguarding the Rights and Interests of Takeaway Food Delivery Workers, which put forward all-round requirements for safeguarding the legitimate rights and interests of food delivery workers, including labor income, labor safety, food safety, social security, working environment, organizational construction, disposal mechanism, etc.</p><p>Specifically, it includes: ensuring that the normal labor income of food delivery staff is not lower than the local minimum wage standard; The \"strictest algorithm\" shall not be used as the assessment requirement, and the assessment elements such as order quantity, punctuality rate, and online rate shall be reasonably determined through \"algorithm picking\" and other methods, and the delivery time limit shall be appropriately relaxed; The platform and third-party cooperative units participate in social insurance for food delivery staff who have established labor relations, support other food delivery staff to participate in social insurance, and participate in the pilot project of occupational injury protection for flexible employees on the platform in accordance with national regulations.</p><p>Immediately, Meituan's stock price plummeted 13.76% on July 26, and plummeted 17.66% on July 27.</p><p>CMB International pointed out that based on the potential adjustment of social security, it is expected that the operating profit margin of Meituan's food delivery business will drop to 6% in the second half of the year.</p><p><a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>It is believed that compared with other Internet leaders, Meituan has relatively little potential regulatory pressure in terms of anti-monopoly and information security review because it relies heavily on operations and its business is closer to people's lives. The market is most concerned about the long-term profitability impact of its business. Based on the increase of social security costs, the corresponding sensitivity analysis is carried out, and it is judged that the impact on the company's fundamentals is limited. The short-term rapid decline in the stock price is caused by panic caused by uncertainty in the context of the implementation of the double reduction policy in education. It is recommended to look at it objectively and believe that the company's value orientation for a better life is in line with the interests of all parties and has the foundation for healthy development. Maintain Meituan's \"buy\" rating.</p><p>Tencent fell 45.5% cumulatively, and its market value evaporated by HK $3.38 trillion</p><p>Let's take a look at the leading boss Tencent. On August 19, Tencent's stock price closed down 3.44%, setting a new 52-week low. However, in the face of the sluggish stock price, Tencent took action. On the same day, Tencent repurchased 180,000 shares at a cost of HK $76.97 million. The day before, Duan Yongping, a well-known investor, issued a document saying that he bought some Tencent and Ali that day. This is also the second time Duan Yongping revealed that he bought Tencent shares in August.</p><p>In fact, in early trading on August 19, Tencent's stock price opened 2.7% higher, mainly because the financial report disclosed by Tencent the night before was good, and the revenue and net profit data exceeded market expectations. In the financial report, Tencent also announced for the first time the proportion of primary school students' game turnover. Among them, players under the age of 16 accounted for 2.6% of Tencent's game turnover in China, and players under the age of 12 accounted for 0.3%.</p><p><img src=\"https://static.tigerbbs.com/eda6384db940551825922d9749eae7d3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>However, in early trading that day, other technology stocks took the lead in diving, and Tencent was also dragged down. After more than an hour of resistance, Tencent finally turned green. In the afternoon, the decline worsened, and finally closed down 3.44% at HK $421.2.</p><p>Like Meituan, Tencent's stock price also began to adjust on February 18 this year. Tencent's current stock price has fallen by 45.5% compared to the historical high of HK $773.39 when it was founded on February 18, and its market value has evaporated by HK $3.38 trillion, which is equivalent to a drop of 5.6 millets.</p><p>Under the anti-monopoly storm, Tencent has received a number of anti-monopoly administrative penalties. According to statistics from brokerage Chinese reporters, since July alone, Tencent has received 6 anti-monopoly fines and received bans from its subsidiaries<a href=\"https://laohu8.com/S/HUYA\">Tiger Tooth</a>With<a href=\"https://laohu8.com/S/DOYU\">Betta fish</a>The merger case was decided 1 copy.</p><p>In addition, in early August, a news report about games endangering teenagers compared online games to new \"drugs\" and named \"the glory of the king\", which once caused Tencent's share price to plummet by 10% in intraday trading on August 3rd. At noon that day, Tencent quickly issued a document, gradually launching seven new measures of \"double reduction, doubles and three promotions\" for all games from the pilot of \"the glory of the king\", and prohibiting users under the age of 12 from recharging.</p><p>The sharp drop in Tencent's stock price made Duan Yongping, a well-known investor, \"unable to stand it anymore\". On the morning of August 4, Duan Yongping wrote in his snowball account \"The road is invisible and I have style\", \"I bought some Tencent Holdings today, and I will buy more if it falls.\"</p><p><img src=\"https://static.tigerbbs.com/22411a318b2e4227b3fee2b8c803f411\" tg-width=\"900\" tg-height=\"172\" referrerpolicy=\"no-referrer\"></p><p>Under the call of the boss, investors poured into bargain hunting. Tencent's stock price once rose 5% that day and closed up 2.42%. However, after several days of shocks, Tencent's stock price has recently returned to its downward trend. On August 18, Duan Yongping posted again, \"I bought some Tencent and Ali today.\"</p><p><img src=\"https://static.tigerbbs.com/c04d07efd4d6414486e14509c0e76830\" tg-width=\"609\" tg-height=\"225\" referrerpolicy=\"no-referrer\">On the earnings conference call on the evening of August 18th, Liu Chiping, president of Tencent, said that global Internet supervision is the general trend, and China's structured supervision in the Internet field is leading and strict in the world. Previously, the supervision of China's Internet industry was relatively loose, but it is gradually tightening. It is expected that more regulatory measures will be introduced in the future.</p><p>Regarding the recent media reports that Internet companies may no longer enjoy the 10% preferential tax policy, Tencent CFO Luo Shuohan responded that with the passage of time, tax subsidies have generally decreased. In the past period of time, the company has fully considered the tax rate, and will strictly follow the national regulations in taxation in the future.</p><p><a href=\"https://laohu8.com/S/06030\">CITIC Securities</a>Said that Tencent Holdings' second-quarter performance slightly exceeded expectations. Tencent is the core investment target in China's Internet field. Although anti-monopoly supervision has affected Tencent's related subsidiaries, the company's core businesses are still stable at present. In China's Internet field, the company still has strong product and competitive advantages, and actively increases investment in renewable energy, cloud business and innovative content to maintain the driving force of long-term sustainable development. Considering that the company has increased its investment in renewable energy, cloud business, and innovative content, the income tax concessions for game enterprises may change, and the rectification of App open-screen advertising and the \"Data Security Law\" may have a certain impact on the advertising business. Short-term profit growth is expected to be under pressure, but there is still room for continued growth in the medium and long term, and the \"buy\" rating is maintained.</p><p>Alibaba fell 47.6%, and its market value evaporated by HK $3.21 trillion</p><p>On August 19, Alibaba's Hong Kong stock price also fell 5.51% to close at HK $162.1, a record low, with the latest market value of HK $3.52 trillion.</p><p><img src=\"https://static.tigerbbs.com/240444cc64551d7a9718f5ad0994e19d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">Compared with Meituan and Tencent, this round of adjustment of Alibaba's stock price was earlier, and it started this round of decline since the end of October last year. Since the all-time high of HK $309.4 on October 28 last year, Alibaba has fallen by 47.6%, and its market value has evaporated by HK $3.21 trillion, falling 5 Xiaomi.</p><p>The antitrust investigation that Ali encountered came earlier. In December 2020, the State Administration for Market Regulation launched an investigation into Alibaba Group's abuse of market dominance in China's online retail platform service market in accordance with the Anti-Monopoly Law. On April 10, 2021, the State Administration for Market Regulation announced that it imposed administrative penalties on Alibaba Group in accordance with the law, ordered it to stop illegal activities, and imposed a fine of 4% of its domestic sales of 455.712 billion yuan in China in 2019, totaling 18.228 billion yuan (US $2.782 billion).) fine. Days after Alibaba's antitrust fine was issued, regulators interviewed<a href=\"https://laohu8.com/S/06688\">Ant Group</a>。</p><p>At the beginning of August, Alibaba issued an \"early warning\" in a conference call after the financial report was announced that some businesses would no longer enjoy the 10% tax preferential policy. Alibaba's latest financial report data also shows that its effective tax rate for the three months ended June 30, 2021 has increased from 19% in the same period last year to 20% today.</p><p>Industry insiders told brokerage China reporters that changes in preferential tax rate policies should be mainly aimed at Internet giants such as Ali and Tencent, but have little impact on more new economic enterprises in the early stage of entrepreneurship.</p><p><a href=\"https://laohu8.com/S/600918\">Zhongtai Securities</a>He said that under the background of stricter supervision, Ali's short-term operations are under pressure. In the long run, e-commerce leaders will continue to benefit from the increase in online penetration and the acceleration of digitalization. Ali has accumulated strong competitive advantages in brand services, cloud computing and other fields. With strong competitive advantages, large investment in R&D, and excellent innovation capabilities, it is expected to drive growth through continuous innovation in the future.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>、<a href=\"https://laohu8.com/S/601211\">Guotai Junan</a>(Hong Kong) also recently stated that at present, Alibaba's valuation has reached an attractive level.</p><p>Kuaishou's stock price fell 84%, and its market value evaporated by HK $1.47 trillion</p><p>Compared with several other Internet giants, Kuaishou's stock price fell even worse.</p><p><img src=\"https://static.tigerbbs.com/2c48d96c580c0b42fb488aafad9f9210\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>On August 19, Kuaishou Hong Kong stocks fell 7.07% again to HK $65.75, setting a record low for the seventh consecutive trading day, with the latest market value of only HK $273.5 billion. Since the high of HK $417.8, Kuaishou's stock price has fallen by 84%, and its market value has evaporated by nearly HK $1.47 trillion. At present, the market value of Meituan's Hong Kong stock market is only 1.24 trillion Hong Kong dollars. In other words, Kuaishou has directly evaporated the size of a Meituan.</p><p>Kuaishou landed on the Hong Kong Stock Exchange on February 5 this year, becoming \"the first short video stock in China\". In the first six trading days after listing, Kuaishou's stock price rose all the way, and its market value once reached 1.74 trillion Hong Kong dollars. But unexpectedly, the good days of Kuaishou's listing will only stay in these 6 days. Subsequently, the stock has fallen all the way to this day, lasting for half a year.</p><p><a href=\"https://laohu8.com/S/00665\">Haitong International</a>It is pointed out that in the short term, it is believed that the lifting of the ban on restricted shares in August and regulatory uncertainty will put pressure on Kuaishou's stock price. The adjusted target price is HK $125 (originally HK $276), and the earnings per share forecast for fiscal year 2023 is lowered from RMB 9.81 to RMB 3.45, mainly due to the net profit margin adjustment.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a0e16df4356317d39c6afb5761b6942b","relate_stocks":{"TCEHY":"腾讯控股ADR","03690":"美团-W","00700":"腾讯控股","01024":"快手-W","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160799153","content_text":"在反垄断风暴，以及减税优惠或被取消的传闻打压下，互联网巨头们的股价，正在经历“寒冬”的洗礼。\n8月19日，港股的投资者，又被“毒打”了5个多小时。\n当天，香港股市开盘后仅挣扎了十几分钟，就掉头一路向下，直至收盘，香港恒生指数跌去了2%，恒生科技指数大跌近3%。\n互联网巨头们的股价更是“伤势”惨重，美团、快手大跌7%，阿里巴巴跌了5.54%，腾讯控股跌了3.44%。其中，阿里巴巴和快手的股价，都创出了历史新低，腾讯控股也刷新了52周新低。美股方面，8月19日，阿里巴巴跌6.85%。\n自高点以来，美团股价已累计下跌55.96%，市值蒸发1.58万亿港元；腾讯累计下跌45.5%，市值蒸发3.38万亿港元；阿里巴巴跌了47.6%，蒸发3.21万亿港元；快手股价跌了84%，蒸发1.47万亿港元。上述4家互联网巨头，市值合计蒸发9.64万亿港元，约合人民币8万亿元。\n不过，面对接近腰斩的股价，腾讯出手了！8月19日当天，腾讯在二级市场上回购了18万股，涉资7697万港元。此前一天（8月18日），知名投资人段永平发文称，当天买了点腾讯和阿里。这是8月份以来，段永平第二次透露自己买入了腾讯的股票。\n美团股价腰斩，市值蒸发1.58万亿港元\n先来看看美团，当天股价跌了7.15%，报收于202.6港元/股；自今年2月创下的历史高点460港元/股以来，美团股价已累计下跌了55.96%，\n市值累计蒸发1.58万亿港元，相当于跌掉了2.6个小米（小米最新市值6021亿港元）。\n\n不过，即使股价被腰斩，但相对于2019年年初40.25港元的低点，美团仍然有400%的涨幅。这意味着早期的投资者，依然获利丰厚，损失较多的，是今年2月18日以后买入的股民。\n今年4月26日，国家市场监管总局发布消息称，近日，市场监管总局根据举报，依法对美团实施“二选一”等涉嫌垄断行为立案调查。\n7月26日，国家市场监管总局、国家网信办等7个部门联合印发《关于落实网络餐饮平台责任 切实维护外卖送餐员权益的指导意见》，对保障外卖送餐员正当权益提出全方位要求，包括劳动收入、劳动安全、食品安全、社会保障、从业环境、组织建设、处置机制等方面。\n具体包括：确保外卖送餐员正常劳动所得不低于当地最低工资标准；不得将“最严算法”作为考核要求，通过“算法取中”等方式，合理确定订单数量、准时率、在线率等考核要素，适当放宽配送时限；平台及第三方合作单位为建立劳动关系的外卖送餐员参加社会保险，支持其他外卖送餐员参加社会保险，按照国家规定参加平台灵活就业人员职业伤害保障试点等。\n随即，美团股价在7月26日当天大跌13.76%，7月27日又暴跌17.66%。\n招银国际指出，基于社保潜在调整，预计下半年美团外卖业务经营利润率将降至6%。\n中信证券认为，相比其他互联网龙头，美团因其倚重运营、业务更加接近百姓生活，在反垄断、信息安全审查等方面受到的潜在监管压力相对较小，市场最关注的是骑手权益保障背景下对其业务长期盈利性影响。基于社保成本增加情况进行相应的敏感性分析，判断对公司基本面影响有限。股价短期急速下跌存在教育双减政策落地背景下不确定情绪带来的恐慌，建议客观看待，认为公司对美好生活的价值导向符合各方利益、具备健康发展基础。维持美团“买入”评级。\n腾讯累计下跌45.5%，市值蒸发3.38万亿港元\n再来看看龙头老大腾讯。8月19日，腾讯股价收跌3.44%，刷新了52周新低。不过，面对股价低迷，腾讯出手了，当天，腾讯回购了18万股，耗资7697万港元。此前一天，知名投资人段永平发文称，当天买了点腾讯和阿里，这也是段永平8月份第二次透露自己买入腾讯的股票。\n其实，8月19日早盘，腾讯的股价高开了2.7%，主要是因为前一晚腾讯披露的财报业绩不错，营收及净利润数据均超市场预期。在财报中，腾讯还首次公布了小学生游戏流水占比，其中，16岁以下玩家对腾讯在中国游戏流水的占比为2.6%，12岁以下玩家的流水占比为0.3%。\n\n可是，当天早盘，其他科技股率先跳水，腾讯也被拖累，抵抗1个多小时后，腾讯最终还是翻绿了，下午跌势加重，最终收跌3.44%报421.2港元。\n跟美团一样，腾讯的股价也是从今年2月18日当天开始调整的。腾讯当前的股价，相对于2月18日创业下的773.39港元的历史高点，累计下跌了45.5%，市值蒸发3.38万亿港元，相当于跌掉了5.6个小米。\n在反垄断风暴下，腾讯已经收到多项反垄断行政处罚书。据券商中国记者统计，仅7月以来，腾讯就已经收到6份反垄断罚单，并收到禁止旗下虎牙与斗鱼的合并案决定1份。\n此外，8月初，一篇游戏危害青少年的新闻报道，将网络游戏比作新型“毒品”，并点名了《王者荣耀》，一度让腾讯的股价在8月3日盘中暴跌10%，当天午间，腾讯公司迅速发文，从《王者荣耀》试点，逐步面向全线游戏推出“双减、双打、三提倡”的七条新举措，并禁止未满12周岁用户充值。\n腾讯股价的大幅下挫，让知名投资人段永平“看不下去了”。8月4日上午，段永平在其雪球账号“大道无形我有型”中写道，“今天买了点腾讯控股，再跌再多买些。” \n\n在大佬的号召下，投资者涌入抄底，腾讯股价在当天一度大涨5%，收盘涨2.42%。不过，在震荡了几天后，近日腾讯股价重回跌势。8月18日，段永平再次发文称，“今天买了点腾讯和阿里。”\n在8月18日当晚的业绩电话会议上，腾讯总裁刘炽平表示，全球互联网监管是大势所趋，中国在互联网领域的结构化监管在世界范围内是领先且严格的，此前中国互联网产业的监管相对而言比较宽松，但逐渐在收紧，预期未来有更多监管措施出台。\n对于近期媒体报道的互联网企业或将不再享受10％的税收优惠政策的消息，腾讯CFO罗硕瀚回应称，随着时间的推移，税收补贴在普遍减少，过去一段时间里公司在税率方面进行了充分的考虑，未来在税收上会严格遵循国家的规定。\n中信证券表示，腾讯控股二季度业绩略超预期。腾讯是中国互联网领域的核心投资标的，虽然反垄断监管对腾讯相关子公司造成影响，但公司的各项核心业务目前仍保持稳健，在中国互联网领域，公司仍具有较强的产品和竞争优势，并且积极地加大在可再生能源、云业务以及创新内容等领域的投入，以保持长期可持续发展的动力。考虑到公司加大在可再生能源、云业务以及创新内容等领域的投入，游戏企业所得税优惠可能有所变化，整治App开屏广告和《数据安全法》或将对广告业务产生一定影响，短期盈利增速预计会有所承压，但中长期依然有持续增长空间，维持“买入”评级。\n阿里巴巴跌了47.6%，市值蒸发3.21万亿港元\n8月19日当天，阿里巴巴港股股价也跌了5.51%，报收于162.1港元，创出历史新低，最新市值为3.52万亿港元。\n相对于美团和腾讯，阿里巴巴股价的此轮调整时间更早，它是从去年10月底开始启动本轮下跌的。自去年10月28日的历史高点309.4港元以来，阿里巴巴累计下跌47.6%，市值蒸发了3.21万亿港元，跌掉了5个小米。\n阿里遭遇的反垄断调查来的更早些。2020年12月，市场监管总局依据《反垄断法》对阿里巴巴集团在中国境内网络零售平台服务市场滥用市场支配地位行为立案调查。2021年4月10日，国家市场监管总局通报，依法对阿里巴巴集团作出行政处罚，责令其停止违法行为，并处以其2019年中国境内销售额4557.12亿元4%计182.28亿元（27.82 亿美元）罚款。在阿里巴巴的反垄断罚单开出数天之后，监管部门约谈蚂蚁集团。\n8月初，阿里巴巴在财报公布后的电话会上，发出了部分业务将不再享有10%税收优惠政策的“预警”。阿里巴巴最新财报数据也显示，其截至2021年6月30日止三个月的有效稅率由去年同期的19%，增长至如今的20%。\n有业内人士向券商中国记者表示，税率优惠政策的变化主要针对的应该是阿里、腾讯等互联网巨头，而对更多创业初期的新经济企业影响不大。\n中泰证券表示，监管趋严的大背景下，阿里短期经营承压，长期来看，电商龙头仍将持续受益于线上渗透率提高和数字化进程加快，阿里在品牌服务、云计算等领域积累了较强的竞争优势，研发投入力度大，创新能力较优，未来有望通过持续创新驱动增长。天风证券、国泰君安(香港)近期也表示，目前，阿里巴巴估值已达到有吸引力的水平。\n快手股价跌了84%，市值蒸发1.47万亿港元\n相对于其他几个互联网巨头，快手的股价跌的更惨。\n\n8月19日，快手港股再度大跌7.07%，报65.75港元，连续第7个交易日刷新历史新低，最新市值仅剩2735亿港元。自高点417.8港元以来，快手股价累计下跌84%，市值蒸发近1.47万亿港元。目前，美团港股市值才1.24万亿港元，也就是说，快手直接蒸发掉了一个美团的体量。\n快手于今年2月5日登陆港交所，成为“中国短视频第一股”。上市后的前6个交易日，快手股价一路上涨，市值一度高达1.74万亿港元。但是没想到，快手上市的好日子也就停留在这6天，随后，该股一路下跌至今，持续了半年之久。\n海通国际指出，短期而言，认为8月限售股解禁以及监管方面的不确定性均对快手股价构成压力。调整后目标价为125港元（原为276港元），将2023财年每股盈利预测从9.81元人民币下调至3.45元人民币，主要由于净利率调整。","news_type":1,"symbols_score_info":{"90022":0.9,"QNETCN":0.9,"01024":0.9,"TCEHY":0.9,"00700":0.9,"03690":0.9}},"isVote":1,"tweetType":1,"viewCount":2346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830630808,"gmtCreate":1629069413104,"gmtModify":1676529918109,"author":{"id":"4087940084041310","authorId":"4087940084041310","name":"JRQE99","avatar":"https://static.tigerbbs.com/e211bc6d950fccebd88314997101cab4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087940084041310","idStr":"4087940084041310"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/830630808","repostId":"1108839763","repostType":4,"repost":{"id":"1108839763","kind":"news","pubTimestamp":1628999052,"share":"https://ttm.financial/m/news/1108839763?lang=en_US&edition=fundamental","pubTime":"2021-08-15 11:44","market":"sh","language":"zh","title":"Why do you get poorer and poorer when you speculate in stocks? We can't afford to copy the organization's homework","url":"https://stock-news.laohu8.com/highlight/detail?id=1108839763","media":"格隆汇","summary":"抄作业可取不可取？","content":"<p>In the past two months, if you want to say that the most lonely group of people in the stock market, the new energy short sellers must be one.</p><p>I thought it would fall again and again, but the market fought back with rising again and again. It's not that there has been no correction, but just when the bears thought it would be different this time, the stock price quickly returned to rise and reported a record high.</p><p>There is a particularly good joke:<b>After drinking Maotai, you stumble to drive. You think it must have a car accident, and you will be caught drunk driving no matter what. Who knows that everyone else is fine because the car has autonomous driving.</b></p><p><img src=\"https://static.tigerbbs.com/fc78d1377040d59a7aeaa3d903c65a6f\" tg-width=\"436\" tg-height=\"228\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>After exhausting the various valuation models of PE, PB, PEG, DCF, and EV/EBITDA, the short sellers may have no choice but to surrender.</p><p><b>Who is speculating on new energy?</b></p><p>When it comes to the strength of new energy, there are always two words inseparable-<b>Hold a group</b>。</p><p>Indeed, \"immortals\" from all walks of life swarmed forward and became the strongest support for the new energy sector. Let's not talk about new energy funds. Now medical funds buy new energy, Internet funds buy new energy, and liquor funds also buy new energy. With so much money pouring in, how can the stock price not rise?</p><p>Some people may question that the market value of new energy companies is not low. The leading Ningde era has exceeded one trillion yuan, and BYD has 800 billion yuan. Even smaller companies like Ganfeng and Tianqi have a market value of one to two hundred billion yuan, and they can come from time to time. daily limit,<b>Where did you get so much money in the market?</b></p><p>In this way, it would be an underestimate of the strength of institutions.</p><p>In fact, at the beginning of this year, the A-share market was booming, and investors were extremely enthusiastic about entering the market. The subscription scale was nearly 240 billion, setting a new subscription record (135.7 billion yuan) set by Penghua Ingenious Selection in 2020.</p><p><img src=\"https://static.tigerbbs.com/8c7f59953e6762c634cba085f88f737e\" tg-width=\"463\" tg-height=\"765\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Although after the Spring Festival, liquidity expectations have tightened, the stock market has ushered in a sharp correction, and the issuance of new funds has also cooled down, but overall, the fundraising of new funds in the first quarter of this year is still very large. Throughout the first quarter, a total of 422 new funds were established. The fund raised a total of 1.07 trillion yuan, setting a new historical record. More importantly, partial stock funds are the main force in the new market, and equity funds account for more than 80% of the new funds.</p><p>If the market keeps rising sharply, these funds should be invested, but after February 18, the market entered a correction, and the magnitude was very large. The fund manager is not a fool, and it is impossible to watch the correction and take over the order, so these funds are likely to be retained. Down and wait for an opportunity to move.</p><p>The investment of the new fund itself has a time limit for opening positions. For example, after the fundraising period ends and the formalities to be completed, it is necessary to open positions within 3 months.<b>According to the calculation, it is just right to open positions in May and June, which may explain why the new energy market began to rise in May.</b></p><p><img src=\"https://static.tigerbbs.com/4a6e4a67847f8748724d9dffb5abb2e5\" tg-width=\"981\" tg-height=\"542\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><img src=\"https://static.tigerbbs.com/1c0043d969ee585e6eabf185e3bb0a53\" tg-width=\"985\" tg-height=\"534\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Speaking of stock price fluctuations, don't look at the total market value, or how many hundreds of millions of people's assets have risen, and how many hundreds of millions of people have lost blood.<b>In fact, the daily transactions only reflect the changes of a handful of chips, and the transaction amount is less than a fraction of the total market value.</b></p><p>Take the boss of the Ning clan as an example. Its market value exceeds one trillion yuan, but its daily turnover rate is lower than 1% most of the time, mostly 0.6%-0.8%, and the transaction amount is mostly 5-8 billion yuan, rarely 10 billion yuan. That is to say, theoretically, only billions of funds are used every day to cause big ups and downs in the Ningde era. Even if it wants to increase by 10cm, tens of billions of funds can be used.</p><p><img src=\"https://static.tigerbbs.com/ceb945dd0272064b79aa8db004a68b90\" tg-width=\"982\" tg-height=\"555\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>These few billions of funds seem quite a bit, but it is not difficult for large institutions to contribute a little, plus small and medium-sized institutions, and a group of retail investors to rise.</p><p>Once the market is speculated, you can continue to raise funds, raise money and then invest it, and the cycle starts again and again, and the routine plays 666. You know, people who buy funds are just like people who buy houses. They all buy up and not down. The hotter the market, the hotter the sales will be, and few people care about bubbles. On the other hand, if the market is sluggish to the bottom, you tell them that it is a good time to build a position, but if you find someone to give money at this time, there is a high probability that you will be rejected.</p><p>It seems that it is a bit redundant to worry that the organization will run out of ammunition.</p><p><b>Callback, why is it so difficult?</b></p><p>The current style, to put it best, is to hold a group to make a price investment, and to put it worst, it is to sit in the banker. The difference is that in the past, when we said banker, we mostly referred to a group of desperate gamblers, but now the banker is a serious organization with a license. The main forces of these institutions, in addition to private equity, include public equity, insurance, large asset management, etc. Don't ignore the identities of these main forces.</p><p>In the past, it was said that hot money was basically pulling up, then smashing down, raising the knife and harvesting quickly. The landscape presented is various daily limits when pulling, and various lower limits when cutting.</p><p>This method is too simple and rude. Of course, it doesn't matter when it comes to small receipts. Anyway, the volume is small, so they can fend for themselves. Anyway, it won't cause panic to the entire market, but big tickets can't do this. First, the funds that need to be used are much larger than small receipts. Secondly, the result of violent market fluctuations will be questioned by the superiors, and maybe they will be arrested.</p><p><b>Therefore, if you look at the current gameplay of other people's big institutions, it is more civilized, and all the tickets they pull are big tickets. They have both fundamentals and future growth as support, so they are naturally not afraid to pull them up. But after going up, they didn't say that they ran away immediately, leaving chicken feathers all over the place. On the contrary, they were very patient, carefully changed funds, quietly, and escaped unscathed.</b></p><p>As of today, the transaction volume of A-share Shanghai and Shenzhen stock markets has exceeded one trillion yuan for 18 consecutive days, of which the transaction volume of the new energy sector accounts for nearly 20%, indicating that the market trading of new energy is still very prosperous. Although there is no more specific data, it is impossible to know how many of them are shipped by large institutions in the new energy sector, but as the main force in market transactions, there is no doubt that there are many exchange behaviors.</p><p>If there is no pressure from institutions to force them to come out quickly, their exchange behavior will definitely be quiet. If they fall a little today, they will ship some goods, and they will rise back a little tomorrow. Stabilize, investors are looking forward to a big correction in the market day and night, so it's good to get on the bus, I'm afraid I'll be disappointed.</p><p>Of course, when new energy has risen to the current height, there must be a bubble, and it is necessary to make a correction. Otherwise, how can the increase be made in the second half of the year? But how much and when it will be pulled back, no one can say. Under the current market sentiment, it is really difficult to see the inflection point.</p><p><b>Do you want to copy the organization's group homework?</b></p><p>From last year to now, the group of institutions has become the factor that is most likely to produce a consistent market. This kind of market has produced many myths of steady profits, and it is also regarded as an investment strategy by many investors. Eat meat or noodles, just follow the big institutions to copy homework.</p><p>Is it advisable to copy homework?</p><p>There is something desirable, because it is verified in hindsight. If you keep up with the pace of institutional speculation in liquor in the second half of last year, and keep up with the pace of institutional speculation in new energy in the past two months, the profit-making effect is still obvious, but this is also the problem. How do you ensure that the pace is consistent with the organization?</p><p>As an ordinary investor, unless you make friends with institutional leaders, it is basically difficult to synchronize, so you can only settle for the next best thing.</p><p><b>At present, the group behavior of institutions has two distinctive characteristics in stock selection and timing. One is to mainly invest in the track. Only the track is good, just buy the leader like crazy. After the leader is speculated, then speculate on the second dragon, or even the third dragon can also be considered; The second is that a large number of positions must be built during the market downturn, and there is enough patience to wait for the market to break out.</b></p><p>As long as the track is selected correctly, it doesn't matter if you spend more time, because the longer the time, the greater the gift.</p><p>Now, is new energy still a good track?</p><p>The answer is yes, and there is no doubt about it, but now that the market is so hot, does it meet the requirements of good timing? The answer is no. If you go in now, it is more about luck. Maybe the callback will not be very drastic, and there will be a big loss. The probability is less, and you may be able to make a wave by relying on the band, but if it is a good time to open a position, it is definitely not.</p><p>After all, where there are many people, either don't go; I really can't resist the temptation. If I want to go in, I must be mentally prepared.</p>","source":"gelonghui_highlight","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>Why do you get poorer and poorer when you speculate in stocks? We can't afford to copy the organization's homework</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\">\nWhy do you get poorer and poorer when you speculate in stocks? We can't afford to copy the organization's homework\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-08-15 11:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In the past two months, if you want to say that the most lonely group of people in the stock market, the new energy short sellers must be one.</p><p>I thought it would fall again and again, but the market fought back with rising again and again. It's not that there has been no correction, but just when the bears thought it would be different this time, the stock price quickly returned to rise and reported a record high.</p><p>There is a particularly good joke:<b>After drinking Maotai, you stumble to drive. You think it must have a car accident, and you will be caught drunk driving no matter what. Who knows that everyone else is fine because the car has autonomous driving.</b></p><p><img src=\"https://static.tigerbbs.com/fc78d1377040d59a7aeaa3d903c65a6f\" tg-width=\"436\" tg-height=\"228\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>After exhausting the various valuation models of PE, PB, PEG, DCF, and EV/EBITDA, the short sellers may have no choice but to surrender.</p><p><b>Who is speculating on new energy?</b></p><p>When it comes to the strength of new energy, there are always two words inseparable-<b>Hold a group</b>。</p><p>Indeed, \"immortals\" from all walks of life swarmed forward and became the strongest support for the new energy sector. Let's not talk about new energy funds. Now medical funds buy new energy, Internet funds buy new energy, and liquor funds also buy new energy. With so much money pouring in, how can the stock price not rise?</p><p>Some people may question that the market value of new energy companies is not low. The leading Ningde era has exceeded one trillion yuan, and BYD has 800 billion yuan. Even smaller companies like Ganfeng and Tianqi have a market value of one to two hundred billion yuan, and they can come from time to time. daily limit,<b>Where did you get so much money in the market?</b></p><p>In this way, it would be an underestimate of the strength of institutions.</p><p>In fact, at the beginning of this year, the A-share market was booming, and investors were extremely enthusiastic about entering the market. The subscription scale was nearly 240 billion, setting a new subscription record (135.7 billion yuan) set by Penghua Ingenious Selection in 2020.</p><p><img src=\"https://static.tigerbbs.com/8c7f59953e6762c634cba085f88f737e\" tg-width=\"463\" tg-height=\"765\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Although after the Spring Festival, liquidity expectations have tightened, the stock market has ushered in a sharp correction, and the issuance of new funds has also cooled down, but overall, the fundraising of new funds in the first quarter of this year is still very large. Throughout the first quarter, a total of 422 new funds were established. The fund raised a total of 1.07 trillion yuan, setting a new historical record. More importantly, partial stock funds are the main force in the new market, and equity funds account for more than 80% of the new funds.</p><p>If the market keeps rising sharply, these funds should be invested, but after February 18, the market entered a correction, and the magnitude was very large. The fund manager is not a fool, and it is impossible to watch the correction and take over the order, so these funds are likely to be retained. Down and wait for an opportunity to move.</p><p>The investment of the new fund itself has a time limit for opening positions. For example, after the fundraising period ends and the formalities to be completed, it is necessary to open positions within 3 months.<b>According to the calculation, it is just right to open positions in May and June, which may explain why the new energy market began to rise in May.</b></p><p><img src=\"https://static.tigerbbs.com/4a6e4a67847f8748724d9dffb5abb2e5\" tg-width=\"981\" tg-height=\"542\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><img src=\"https://static.tigerbbs.com/1c0043d969ee585e6eabf185e3bb0a53\" tg-width=\"985\" tg-height=\"534\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Speaking of stock price fluctuations, don't look at the total market value, or how many hundreds of millions of people's assets have risen, and how many hundreds of millions of people have lost blood.<b>In fact, the daily transactions only reflect the changes of a handful of chips, and the transaction amount is less than a fraction of the total market value.</b></p><p>Take the boss of the Ning clan as an example. Its market value exceeds one trillion yuan, but its daily turnover rate is lower than 1% most of the time, mostly 0.6%-0.8%, and the transaction amount is mostly 5-8 billion yuan, rarely 10 billion yuan. That is to say, theoretically, only billions of funds are used every day to cause big ups and downs in the Ningde era. Even if it wants to increase by 10cm, tens of billions of funds can be used.</p><p><img src=\"https://static.tigerbbs.com/ceb945dd0272064b79aa8db004a68b90\" tg-width=\"982\" tg-height=\"555\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>These few billions of funds seem quite a bit, but it is not difficult for large institutions to contribute a little, plus small and medium-sized institutions, and a group of retail investors to rise.</p><p>Once the market is speculated, you can continue to raise funds, raise money and then invest it, and the cycle starts again and again, and the routine plays 666. You know, people who buy funds are just like people who buy houses. They all buy up and not down. The hotter the market, the hotter the sales will be, and few people care about bubbles. On the other hand, if the market is sluggish to the bottom, you tell them that it is a good time to build a position, but if you find someone to give money at this time, there is a high probability that you will be rejected.</p><p>It seems that it is a bit redundant to worry that the organization will run out of ammunition.</p><p><b>Callback, why is it so difficult?</b></p><p>The current style, to put it best, is to hold a group to make a price investment, and to put it worst, it is to sit in the banker. The difference is that in the past, when we said banker, we mostly referred to a group of desperate gamblers, but now the banker is a serious organization with a license. The main forces of these institutions, in addition to private equity, include public equity, insurance, large asset management, etc. Don't ignore the identities of these main forces.</p><p>In the past, it was said that hot money was basically pulling up, then smashing down, raising the knife and harvesting quickly. The landscape presented is various daily limits when pulling, and various lower limits when cutting.</p><p>This method is too simple and rude. Of course, it doesn't matter when it comes to small receipts. Anyway, the volume is small, so they can fend for themselves. Anyway, it won't cause panic to the entire market, but big tickets can't do this. First, the funds that need to be used are much larger than small receipts. Secondly, the result of violent market fluctuations will be questioned by the superiors, and maybe they will be arrested.</p><p><b>Therefore, if you look at the current gameplay of other people's big institutions, it is more civilized, and all the tickets they pull are big tickets. They have both fundamentals and future growth as support, so they are naturally not afraid to pull them up. But after going up, they didn't say that they ran away immediately, leaving chicken feathers all over the place. On the contrary, they were very patient, carefully changed funds, quietly, and escaped unscathed.</b></p><p>As of today, the transaction volume of A-share Shanghai and Shenzhen stock markets has exceeded one trillion yuan for 18 consecutive days, of which the transaction volume of the new energy sector accounts for nearly 20%, indicating that the market trading of new energy is still very prosperous. Although there is no more specific data, it is impossible to know how many of them are shipped by large institutions in the new energy sector, but as the main force in market transactions, there is no doubt that there are many exchange behaviors.</p><p>If there is no pressure from institutions to force them to come out quickly, their exchange behavior will definitely be quiet. If they fall a little today, they will ship some goods, and they will rise back a little tomorrow. Stabilize, investors are looking forward to a big correction in the market day and night, so it's good to get on the bus, I'm afraid I'll be disappointed.</p><p>Of course, when new energy has risen to the current height, there must be a bubble, and it is necessary to make a correction. Otherwise, how can the increase be made in the second half of the year? But how much and when it will be pulled back, no one can say. Under the current market sentiment, it is really difficult to see the inflection point.</p><p><b>Do you want to copy the organization's group homework?</b></p><p>From last year to now, the group of institutions has become the factor that is most likely to produce a consistent market. This kind of market has produced many myths of steady profits, and it is also regarded as an investment strategy by many investors. Eat meat or noodles, just follow the big institutions to copy homework.</p><p>Is it advisable to copy homework?</p><p>There is something desirable, because it is verified in hindsight. If you keep up with the pace of institutional speculation in liquor in the second half of last year, and keep up with the pace of institutional speculation in new energy in the past two months, the profit-making effect is still obvious, but this is also the problem. How do you ensure that the pace is consistent with the organization?</p><p>As an ordinary investor, unless you make friends with institutional leaders, it is basically difficult to synchronize, so you can only settle for the next best thing.</p><p><b>At present, the group behavior of institutions has two distinctive characteristics in stock selection and timing. One is to mainly invest in the track. Only the track is good, just buy the leader like crazy. After the leader is speculated, then speculate on the second dragon, or even the third dragon can also be considered; The second is that a large number of positions must be built during the market downturn, and there is enough patience to wait for the market to break out.</b></p><p>As long as the track is selected correctly, it doesn't matter if you spend more time, because the longer the time, the greater the gift.</p><p>Now, is new energy still a good track?</p><p>The answer is yes, and there is no doubt about it, but now that the market is so hot, does it meet the requirements of good timing? The answer is no. If you go in now, it is more about luck. Maybe the callback will not be very drastic, and there will be a big loss. The probability is less, and you may be able to make a wave by relying on the band, but if it is a good time to open a position, it is definitely not.</p><p>After all, where there are many people, either don't go; I really can't resist the temptation. If I want to go in, I must be mentally prepared.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.gelonghui.com/p/480972\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/367fa068a00cbca94908e862748783f0","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://www.gelonghui.com/p/480972","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"1108839763","content_text":"这两个月，要说股市里最落寞的一群人，新能源空头肯定得算一个。\n一次又一次认为会下跌，但市场却用一次又一次上涨怼回去。当中不是没有过回调，但正当空头们以为这次会不一样的时候，股价很快又回复上涨，并报以历史新高。\n有个段子特别好：喝光了茅台，踉踉跄跄去开车，你以为它一定出车祸，再怎么着也会被抓醉驾，谁知人家一点事都没有，因为车子有自动驾驶。\n\n在穷尽了PE、PB、PEG、DCF、EV/EBITDA的各种估值模型后，空头们或许也只能缴械投降。\n谁在爆炒新能源？\n说起新能源的坚挺，总是离不开两个字--抱团。\n的确，各路“神仙”一拥而上，成为新能源板块最强的支撑。新能源基金就不说了，现在是医药基金去买新能源，互联网基金去买新能源，白酒基金也去买新能源，这么多钱涌进来，股价焉有不涨之道理？\n或许有人质疑，新能源公司的市值都不低了，龙头宁德时代过万亿，比亚迪8000亿，即使小一点的像赣锋、天齐，也都是一两千亿的市值，还能时不时来个涨停，市场上哪里来的这么多钱？\n这样说，未免小看机构们的实力。\n其实，在今年年初，A股行情火爆，股民对于入市异常热情，各类基金销售当然是趁热打铁，销售畅旺，“日光基”频现，像由冯波管理的易方达竞争优势企业混合基金，初期认购规模近2400亿，刷新了2020年由鹏华匠心精选创下的认购纪录（1357亿元）。\n\n虽然春节过后，流动性预期收紧，股市迎来大幅回调，新基金发行也有所降温，但整体来看，今年一季度的新基金募资还是非常大，整个一季度，共成立422只新基金，合计募资规模1.07万亿元，创下新的历史记录。更重要的是，偏股基金是新发市场的主力军，权益类基金占据新基金的份额超八成。\n如果行情一直大涨，这些资金理应投进去，但是2月18日后市场进入回调，而且幅度很大，基金经理也不是傻子，不可能看着回调还进去接盘，所以这些资金很可能被保留了下来，伺机而动。\n新基金的投资本身有建仓时间限制，例如募集期结束后，该做的手续完成之后，需要在3个月内建仓。掐指一算，五六月份建仓，正好适合，这或许可以解释为何新能源行情从5月份开始上攻。\n\n\n说起股价的波动，别看总市值上下上下，或者谁谁谁的资产又涨了多少个亿，谁又血亏多少个亿。实际上，每天的交易只是反映一小撮筹码的变动，交易金额跟总市值起来，零头都不到。\n就拿宁族老大来说，它的市值超过万亿，但日换手率绝大部分时间都低于1%，0.6%--0.8%居多，交易金额在50-80亿居多，甚少上100亿。即理论上，每天只有动用几十亿的资金，就可以让宁德时代发生大的涨跌，即使要拉涨10cm，动用百亿的资金即可。\n\n这区区几十亿的资金，看起来是不小，但大机构们一个出一点，加上中小机构，还有一群散户的簇拥，要涨上去，也不是什么难事。\n行情一旦炒上去，又可以继续募资，募到钱再投进去，周而复始，套路玩得666。要知道，买基金的人跟买房的人一个样，都是买涨不买跌，行情越火爆，销售就越火爆，也没几个人管什么泡沫。反过来，行情低迷到谷底，你告诉他们是建仓好时机，但这个时候找人给钱，大概率要吃闭门羹。\n看来，担心机构手里会没弹药的，有点多余。\n回调，咋就这么难？\n现在的风格，说好听点是抱团做价投，说难听点就是坐庄，所不同的是，以往说庄家，指的多是一群亡命赌徒，而现在的庄家，可是拿了牌照的正经机构。这些机构的主力，除了私募，还有公募、保险、大资管等，可不要忽略了这些主力们的身份。\n以前说游资坐庄，基本就是一个劲往上拉，然后一个劲往下砸，手起刀落，迅速收割，呈现出来的景观，就是拉的时候各种涨停，割的时候各种跌停。\n这种手法过于简单粗暴，当然在小票上无所谓，反正体量小，由他们自生自灭就是了，反正不会对整个市场造成恐慌，但大票可不能这么搞，一来搞起来需要动用的资金比小票大得多，二来引起市场剧烈波动的结果，是要被上头问话的，搞不好还会被抓起来。\n所以，你看人家大机构现在的玩法，文明多了，拉的都是大票，既有基本面打底，又有未来增长做支撑，拉上去自然不怕。但上去之后，没说马上跑路留下一地鸡毛，相反，它们都非常有耐心，小心翼翼的换筹，不动声色，完成全身而退。\n到今天为止，A股沪深两市的交易额连续18天超过万亿，其中新能源板块的交易额占比近20%，说明新能源的市场交投仍然很畅旺。虽然没有更具体的数据，无法得知当中有多少是大机构们在新能源板块上出货，但作为市场交易的主力，毫无疑问存在不少的换筹行为。\n如果机构们没有压力迫使它们快速出来，它们的换筹行为肯定还是会悄无声息，今天跌一点，出点货，明天又涨回一点，稳一下，股民日盼夜盘的大回调，好上车，恐怕要失望了。\n当然，新能源涨到现在这个高度，泡沫肯定是有的，回调一下也很必要，否则，下半年还怎么做增量？但到底会回调多少，什么时候回调，谁也说不准，现在市场情绪下，真的很难看到拐点。\n要不要抄机构抱团作业？\n从去年至今的机构抱团，成为最容易产生一致性行情的因素，这种行情产生了许多稳赚的神话，也被很多股民视为投资策略，吃肉还是吃面，跟着大机构抄作业就行。\n抄作业可取不可取？\n有可取的地方，因为马后炮去验证，如果去年下半年跟上机构炒白酒的步伐，这两个月又跟上机构炒新能源的步伐，赚钱效应还是很明显的，但问题也在于此，你如何确保和机构的步伐一致？\n做为普通投资者，除非和机构领导做朋友，否则，基本很难同步，只能退而求其次。\n现在机构的抱团行为，在选股和择时上有两个鲜明的特征，一个是投赛道为主，只有赛道好，狂买龙头就行，龙头炒完，再炒龙二，甚至龙三也可以考虑；第二个是一定是行情低迷期大量建仓，有足够的耐心等待行情的爆发。\n只要赛道选对，时间上多耗一点也无所谓，因为时间越久，馈赠越大。\n现在，新能源还是不是好赛道？\n答案是肯定的，而且毋庸置疑，但现在行情这么火热，是不是符合好的择时要求，答案是否定的，现在进去，更多的是拼运气了，或许回调不会很剧烈，大亏的概率少一些，说不定还能靠波段赚上一波，但要说是好的建仓时机，肯定算不上。\n毕竟，人多的地方，要么不要去；实在忍不住诱惑，要进去，必须做好心理准备。","news_type":1,"symbols_score_info":{"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":2487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895560046,"gmtCreate":1628757064085,"gmtModify":1676529844297,"author":{"id":"4087940084041310","authorId":"4087940084041310","name":"JRQE99","avatar":"https://static.tigerbbs.com/e211bc6d950fccebd88314997101cab4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087940084041310","idStr":"4087940084041310"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/895560046","repostId":"1128271719","repostType":4,"repost":{"id":"1128271719","kind":"news","pubTimestamp":1628751151,"share":"https://ttm.financial/m/news/1128271719?lang=en_US&edition=fundamental","pubTime":"2021-08-12 14:52","market":"sh","language":"zh","title":"Why do technology companies like robot dogs?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128271719","media":"光锥智能","summary":"谁能想到，小米今年发布会的 One More Thing 竟然是一只“狗”；更没想到的是，这只狗还有一个十分接地气的名字：铁蛋。\n根据雷军的介绍，这只名为铁蛋的四足机器狗不仅能跑会跳，还可以根据人类的","content":"<p>Who would have thought that Xiaomi's One More Thing at this year's press conference turned out to be a \"dog\"; Unexpectedly, this dog has a very grounded name: Iron Egg.</p><p>According to Lei Jun's introduction, this four-legged robot dog named Tiedan can not only run and jump, but also perform difficult movements such as somersaults according to human instructions; As a robot dog, of course, you can take it to the street, and it doesn't need to be tied to a rope. It can automatically follow its owner and actively avoid obstacles. The situation as shown below will never happen:</p><p><img src=\"https://static.tigerbbs.com/59f29c0300c69d80df49fd225388166a\" tg-width=\"250\" tg-height=\"333\" referrerpolicy=\"no-referrer\"></p><p>Lei Jun said that although it is an interesting small project, it is a big dream of engineers because it combines the top technologies of most engineers. According to reports, this quadruped robot is equipped with a self-developed high-performance servo motor, uses an edge AI chip with 21 TOPS computing power, and has self-developed technical support in many aspects such as AI vision, AI voice, and robot systems. Therefore, it Only then can various complex operations be performed according to the director's instructions.</p><p>At present, Xiaomi has produced 1,000 engineering exploration versions of \"Iron Eggs\", and will produce 700 units to co-create with rice noodles in the future, priced at 9,999 yuan. At the same time, in order to support the development of this project, Xiaomi has set up a robot laboratory and is also preparing for an open source robot community.</p><p>The front foot announced to build a car, and the back foot entered the robot game. Xiaomi's recent momentum has been somewhat fierce. Although many companies are already making quadruped robots, judging from the overall development of the industry, they are still in their infancy. Xiaomi chose to join at this time. On the one hand, it has the idea of developing new businesses, and on the other hand, it must also have the idea of demonstrating its own mechanical engineering ability. After all, when the news of the car manufacturing was announced, the biggest doubt about Xiaomi from the outside world came from this. Showing off its mechanical and technical capabilities is probably also a demonstration of determination.</p><p>Xiaomi is not the only company with similar ideas. In March of this year, Tencent released a quadruped robot called Max. In addition to the function of quadruped walking, Tencent researchers have also added wheels to its feet and joints, which can not only increase the speed of movement, but also allow the robot to move in various forms.</p><p><img src=\"https://static.tigerbbs.com/95df3077dc7d5050b97439af2336b30b\" tg-width=\"384\" tg-height=\"216\" referrerpolicy=\"no-referrer\"></p><p>According to the latest news, OPPO also submitted a patent for robot leg components, including leg brackets and foot structures. Presumably, this is also the first step for OPPO to join the robot competition.</p><p>Let's go back to Iron Egg and its kind.</p><p>As an \"old-timer\", Boston Dynamics has won a lot of attention for quadruped robots. Bezos, the founder of Amazon, took Spot to the streets to show off, and now Lei Jun has brought iron eggs to the stage to show off his skills. Technology companies of all sizes around the world have successively deployed in this field. Besides showing off their skills and muscles, what attracts them to like this \"headless and tailless\" robot dog?</p><p>Why do big factories and small factories want to \"raise dogs\"?</p><p>We may be able to find the answer from Boston Dynamics.</p><p>At first, Boston Dynamics was a laboratory dedicated to developing robots for the U.S. military. These robots were mainly responsible for tasks such as cargo transportation and complex terrain exploration; It was not until 2013 that Boston Dynamics was acquired by Google that more down-to-earth project research began.</p><p>The \"big yellow dog\" Spot Mini that Bezos led out and attracted onlookers was the product of Boston Dynamics' return to civilian popularity, but at this time, Boston Dynamics had been sold to Softbank by Google.</p><p><img src=\"https://static.tigerbbs.com/186271ee66f3e90978f3fd588a418cb4\" tg-width=\"1400\" tg-height=\"1050\" referrerpolicy=\"no-referrer\"></p><p>In a series of official demonstration videos in the past, we have seen that it has well inherited the ability of previous generation products to transport goods and adapt to various terrains:</p><p><img src=\"https://static.tigerbbs.com/d3eee7d7e3d07e54b9aea217bbfe2be6\" tg-width=\"441\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p><p>In the home environment, it can be used to provide services for users, such as opening and closing doors and delivering items:</p><p><img src=\"https://static.tigerbbs.com/63912f0e1d4468359b72c1bef131eeeb\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>It is not difficult to see that compared with wheeled robots, quadruped robots have advantages that the former is difficult to catch up with in terms of stability and adaptability to complex environments. This also makes quadruped robots have richer usage scenarios.</p><p>Some companies have applied quadruped robots to their businesses. For example, Ford announced that it has used two robot dogs produced by Boston Dynamics to survey its Van Dyke gearbox factory. Using robot dogs to perform 3D digital scanning of the factory can help engineers better complete tasks.</p><p>With its laser scanning and imaging capabilities, the Spot robot dog will be able to produce highly detailed and accurate maps that Ford engineers can use to modernize and retool facilities.</p><p><img src=\"https://static.tigerbbs.com/c1fd37eae946c95bed69be417426cb2a\" tg-width=\"1398\" tg-height=\"737\" referrerpolicy=\"no-referrer\"></p><p>In addition, quadruped robots are useful in rescue, patrol, and exploration scenarios. Where people can't get through, they can get through, and corners where people can't get into, they can drill. Using robots instead of manual work can not only greatly reduce personnel injuries, but also improve the effect of work, killing two birds with one stone.</p><p>In consumption scenarios, quadruped robots also have something they are good at.</p><p>Since it is called a \"robot dog\", in addition to its four-legged shape, it also needs to have the most important companionship and entertainment functions of pet dogs. For example, KODA, a social robot dog product launched by Drew Power, focuses on home companionship.</p><p>Equipped with air detectors, touch sensors and other sensing devices, KODA can not only analyze language, speech and intonation through the auditory module, but also assist the visual module to analyze human facial expressions and body language, such as gestures, to form semantics.</p><p>Through constant contact with people and self-evolution, KODA can better understand human semantics and interpret human emotions. With the appearance full of science fiction, I'm afraid KODA's companionship effect on human beings is not as bad as that of real pet dogs.</p><p><img src=\"https://static.tigerbbs.com/dc1d3850c9253fc4953a28da7fe0a726\" tg-width=\"1400\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p><p>In addition, companion robots such as KODA can also inspect the user's living environment, such as finding potential fire hazards, detecting air quality index, etc.</p><p>It can be seen that quadruped robots have broad application prospects in both commercial and consumer scenarios, which is why companies are willing to spend time, energy and money to build them.</p><p>In addition, from the perspective of market size, the fields in which quadruped robots can be applied are also quite large.</p><p>The companion robot market where the aforementioned KODA robot dog is located reached 2.53 billion yuan in my country in 2019. It is expected that in the next five years, the scale of the intelligent companion educational robot industry will still maintain a growth rate of more than 20%. By 2023, the market The size will reach 7.03 billion yuan; The security robot market for patrol and security, where quadruped robots are widely used, is also predicted to reach a scale of 3 billion yuan in 2023.</p><p>It has application prospects and market scale. Supposedly, quadruped robots should have been everywhere long ago, but why can't we see anyone walking around the streets with such robots in our lives?</p><p>This involves a long-standing problem that plagues quadruped robot manufacturers-the commercialization dilemma.</p><p>Quadruped robots are cool, but why didn't they usher in a commercial explosion?</p><p>Are quadruped robots cool? It's cool. Is there any application prospect? Yeah, yeah. Then why do you still say that it is in the dilemma of commercialization?</p><p>Still take the Boston Dynamics mentioned earlier as an example.</p><p>Although their products have strong technology and dazzling functions, they still can't avoid the dilemma of changing owners three times. After being acquired by Google from the U.S. military in 2013, it was sold by Google to Japanese giant SoftBank for $165 million in just four years; But after SoftBank received it, it did not let it stay in its hands any longer. At the end of 2020, it announced that it would resell it to South Korea's Hyundai.</p><p>Why is this happening? Simply put, R&D investment and profitability cannot be balanced.</p><p>The external price of Spot Mini is US $74,500, which is about RMB 480,000 according to the recent exchange rate, which is close to the price of a mid-to-high-end car. If the sales volume is ideal, it can actually achieve profitability; What's more, data shows that within three months of its launch, Spot received 260 orders, and its sales had reached 20 million US dollars at that time.</p><p>However, compared with the expensive R&D investment, this money is only the tip of the iceberg.</p><p>From its establishment in 1992 to 2013, it took Boston Dynamics more than 20 years to make the robot reach the level of Spot. The R&D investment during this period can be imagined. Relying on the early U.S. military and later Google to continue to throw money into it, Boston Dynamics has achieved certain results. If the same research and development process is put on other companies, I'm afraid it will inevitably go bankrupt.</p><p>This situation is not uncommon in the robotics industry with high R&D investment and long payback cycle.</p><p>For example, Anki, a former star robotics company, announced layoffs and bankruptcy in April 2019 because of its long-term inability to make ends meet. Even before that, they had raised US $182 million in funds.</p><p><img src=\"https://static.tigerbbs.com/d6436fc524dcede0fc77412f44c63fac\" tg-width=\"1400\" tg-height=\"801\" referrerpolicy=\"no-referrer\"></p><p>(Anki's star product Cozmo robot)</p><p>In addition to expensive R&D investment, manufacturing costs are also a major obstacle to the commercialization of quadruped robots, especially in the domestic market.</p><p>The core parts of a quadruped robot include reducer, servo motor, controller and sensor. Some products also include lidar, foot physical sensors, human body sensors and other equipment.</p><p>According to data from the China Business Industry Research Institute, 85% of my country's reducer market, 90% of the servo motor market, and more than 80% of the control system market are currently occupied by overseas brands. This means that in the process of manufacturing robots in China, the import price of core parts is firmly controlled by overseas companies.</p><p>Although this has stimulated our determination to conduct self-research to a certain extent, this status quo will always bother us until suitable alternative products are developed. It also takes more time and steps to produce quadruped robots whose price and technical level can meet the needs of the consumer market.</p><p>In addition, when consumers can truly psychologically accept the entry of quadruped robots into work and life will also influence the speed at which such products enter the consumer market.</p><p>For a new technology or invention, users' cognition and acceptance often determine their willingness to consume. Since quadruped robots are very early products and are relatively expensive for most consumers, it may be difficult for most users to accept them quickly before finding a very painful usage scenario.</p><p>However, fortunately, companies such as Xiaomi are also actively looking for solutions. For example, the open source community and developer co-creation method mentioned by Lei Jun at the press conference can find more possible landing scenarios for quadruped robot products. Perhaps one day, the era of each hand having a robot dog will come.</p>","source":"lsy1628751197130","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>Why do technology companies like robot dogs?</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\">\nWhy do technology companies like robot dogs?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">光锥智能</strong><span class=\"h-time small\">2021-08-12 14:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Who would have thought that Xiaomi's One More Thing at this year's press conference turned out to be a \"dog\"; Unexpectedly, this dog has a very grounded name: Iron Egg.</p><p>According to Lei Jun's introduction, this four-legged robot dog named Tiedan can not only run and jump, but also perform difficult movements such as somersaults according to human instructions; As a robot dog, of course, you can take it to the street, and it doesn't need to be tied to a rope. It can automatically follow its owner and actively avoid obstacles. The situation as shown below will never happen:</p><p><img src=\"https://static.tigerbbs.com/59f29c0300c69d80df49fd225388166a\" tg-width=\"250\" tg-height=\"333\" referrerpolicy=\"no-referrer\"></p><p>Lei Jun said that although it is an interesting small project, it is a big dream of engineers because it combines the top technologies of most engineers. According to reports, this quadruped robot is equipped with a self-developed high-performance servo motor, uses an edge AI chip with 21 TOPS computing power, and has self-developed technical support in many aspects such as AI vision, AI voice, and robot systems. Therefore, it Only then can various complex operations be performed according to the director's instructions.</p><p>At present, Xiaomi has produced 1,000 engineering exploration versions of \"Iron Eggs\", and will produce 700 units to co-create with rice noodles in the future, priced at 9,999 yuan. At the same time, in order to support the development of this project, Xiaomi has set up a robot laboratory and is also preparing for an open source robot community.</p><p>The front foot announced to build a car, and the back foot entered the robot game. Xiaomi's recent momentum has been somewhat fierce. Although many companies are already making quadruped robots, judging from the overall development of the industry, they are still in their infancy. Xiaomi chose to join at this time. On the one hand, it has the idea of developing new businesses, and on the other hand, it must also have the idea of demonstrating its own mechanical engineering ability. After all, when the news of the car manufacturing was announced, the biggest doubt about Xiaomi from the outside world came from this. Showing off its mechanical and technical capabilities is probably also a demonstration of determination.</p><p>Xiaomi is not the only company with similar ideas. In March of this year, Tencent released a quadruped robot called Max. In addition to the function of quadruped walking, Tencent researchers have also added wheels to its feet and joints, which can not only increase the speed of movement, but also allow the robot to move in various forms.</p><p><img src=\"https://static.tigerbbs.com/95df3077dc7d5050b97439af2336b30b\" tg-width=\"384\" tg-height=\"216\" referrerpolicy=\"no-referrer\"></p><p>According to the latest news, OPPO also submitted a patent for robot leg components, including leg brackets and foot structures. Presumably, this is also the first step for OPPO to join the robot competition.</p><p>Let's go back to Iron Egg and its kind.</p><p>As an \"old-timer\", Boston Dynamics has won a lot of attention for quadruped robots. Bezos, the founder of Amazon, took Spot to the streets to show off, and now Lei Jun has brought iron eggs to the stage to show off his skills. Technology companies of all sizes around the world have successively deployed in this field. Besides showing off their skills and muscles, what attracts them to like this \"headless and tailless\" robot dog?</p><p>Why do big factories and small factories want to \"raise dogs\"?</p><p>We may be able to find the answer from Boston Dynamics.</p><p>At first, Boston Dynamics was a laboratory dedicated to developing robots for the U.S. military. These robots were mainly responsible for tasks such as cargo transportation and complex terrain exploration; It was not until 2013 that Boston Dynamics was acquired by Google that more down-to-earth project research began.</p><p>The \"big yellow dog\" Spot Mini that Bezos led out and attracted onlookers was the product of Boston Dynamics' return to civilian popularity, but at this time, Boston Dynamics had been sold to Softbank by Google.</p><p><img src=\"https://static.tigerbbs.com/186271ee66f3e90978f3fd588a418cb4\" tg-width=\"1400\" tg-height=\"1050\" referrerpolicy=\"no-referrer\"></p><p>In a series of official demonstration videos in the past, we have seen that it has well inherited the ability of previous generation products to transport goods and adapt to various terrains:</p><p><img src=\"https://static.tigerbbs.com/d3eee7d7e3d07e54b9aea217bbfe2be6\" tg-width=\"441\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p><p>In the home environment, it can be used to provide services for users, such as opening and closing doors and delivering items:</p><p><img src=\"https://static.tigerbbs.com/63912f0e1d4468359b72c1bef131eeeb\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>It is not difficult to see that compared with wheeled robots, quadruped robots have advantages that the former is difficult to catch up with in terms of stability and adaptability to complex environments. This also makes quadruped robots have richer usage scenarios.</p><p>Some companies have applied quadruped robots to their businesses. For example, Ford announced that it has used two robot dogs produced by Boston Dynamics to survey its Van Dyke gearbox factory. Using robot dogs to perform 3D digital scanning of the factory can help engineers better complete tasks.</p><p>With its laser scanning and imaging capabilities, the Spot robot dog will be able to produce highly detailed and accurate maps that Ford engineers can use to modernize and retool facilities.</p><p><img src=\"https://static.tigerbbs.com/c1fd37eae946c95bed69be417426cb2a\" tg-width=\"1398\" tg-height=\"737\" referrerpolicy=\"no-referrer\"></p><p>In addition, quadruped robots are useful in rescue, patrol, and exploration scenarios. Where people can't get through, they can get through, and corners where people can't get into, they can drill. Using robots instead of manual work can not only greatly reduce personnel injuries, but also improve the effect of work, killing two birds with one stone.</p><p>In consumption scenarios, quadruped robots also have something they are good at.</p><p>Since it is called a \"robot dog\", in addition to its four-legged shape, it also needs to have the most important companionship and entertainment functions of pet dogs. For example, KODA, a social robot dog product launched by Drew Power, focuses on home companionship.</p><p>Equipped with air detectors, touch sensors and other sensing devices, KODA can not only analyze language, speech and intonation through the auditory module, but also assist the visual module to analyze human facial expressions and body language, such as gestures, to form semantics.</p><p>Through constant contact with people and self-evolution, KODA can better understand human semantics and interpret human emotions. With the appearance full of science fiction, I'm afraid KODA's companionship effect on human beings is not as bad as that of real pet dogs.</p><p><img src=\"https://static.tigerbbs.com/dc1d3850c9253fc4953a28da7fe0a726\" tg-width=\"1400\" tg-height=\"784\" referrerpolicy=\"no-referrer\"></p><p>In addition, companion robots such as KODA can also inspect the user's living environment, such as finding potential fire hazards, detecting air quality index, etc.</p><p>It can be seen that quadruped robots have broad application prospects in both commercial and consumer scenarios, which is why companies are willing to spend time, energy and money to build them.</p><p>In addition, from the perspective of market size, the fields in which quadruped robots can be applied are also quite large.</p><p>The companion robot market where the aforementioned KODA robot dog is located reached 2.53 billion yuan in my country in 2019. It is expected that in the next five years, the scale of the intelligent companion educational robot industry will still maintain a growth rate of more than 20%. By 2023, the market The size will reach 7.03 billion yuan; The security robot market for patrol and security, where quadruped robots are widely used, is also predicted to reach a scale of 3 billion yuan in 2023.</p><p>It has application prospects and market scale. Supposedly, quadruped robots should have been everywhere long ago, but why can't we see anyone walking around the streets with such robots in our lives?</p><p>This involves a long-standing problem that plagues quadruped robot manufacturers-the commercialization dilemma.</p><p>Quadruped robots are cool, but why didn't they usher in a commercial explosion?</p><p>Are quadruped robots cool? It's cool. Is there any application prospect? Yeah, yeah. Then why do you still say that it is in the dilemma of commercialization?</p><p>Still take the Boston Dynamics mentioned earlier as an example.</p><p>Although their products have strong technology and dazzling functions, they still can't avoid the dilemma of changing owners three times. After being acquired by Google from the U.S. military in 2013, it was sold by Google to Japanese giant SoftBank for $165 million in just four years; But after SoftBank received it, it did not let it stay in its hands any longer. At the end of 2020, it announced that it would resell it to South Korea's Hyundai.</p><p>Why is this happening? Simply put, R&D investment and profitability cannot be balanced.</p><p>The external price of Spot Mini is US $74,500, which is about RMB 480,000 according to the recent exchange rate, which is close to the price of a mid-to-high-end car. If the sales volume is ideal, it can actually achieve profitability; What's more, data shows that within three months of its launch, Spot received 260 orders, and its sales had reached 20 million US dollars at that time.</p><p>However, compared with the expensive R&D investment, this money is only the tip of the iceberg.</p><p>From its establishment in 1992 to 2013, it took Boston Dynamics more than 20 years to make the robot reach the level of Spot. The R&D investment during this period can be imagined. Relying on the early U.S. military and later Google to continue to throw money into it, Boston Dynamics has achieved certain results. If the same research and development process is put on other companies, I'm afraid it will inevitably go bankrupt.</p><p>This situation is not uncommon in the robotics industry with high R&D investment and long payback cycle.</p><p>For example, Anki, a former star robotics company, announced layoffs and bankruptcy in April 2019 because of its long-term inability to make ends meet. Even before that, they had raised US $182 million in funds.</p><p><img src=\"https://static.tigerbbs.com/d6436fc524dcede0fc77412f44c63fac\" tg-width=\"1400\" tg-height=\"801\" referrerpolicy=\"no-referrer\"></p><p>(Anki's star product Cozmo robot)</p><p>In addition to expensive R&D investment, manufacturing costs are also a major obstacle to the commercialization of quadruped robots, especially in the domestic market.</p><p>The core parts of a quadruped robot include reducer, servo motor, controller and sensor. Some products also include lidar, foot physical sensors, human body sensors and other equipment.</p><p>According to data from the China Business Industry Research Institute, 85% of my country's reducer market, 90% of the servo motor market, and more than 80% of the control system market are currently occupied by overseas brands. This means that in the process of manufacturing robots in China, the import price of core parts is firmly controlled by overseas companies.</p><p>Although this has stimulated our determination to conduct self-research to a certain extent, this status quo will always bother us until suitable alternative products are developed. It also takes more time and steps to produce quadruped robots whose price and technical level can meet the needs of the consumer market.</p><p>In addition, when consumers can truly psychologically accept the entry of quadruped robots into work and life will also influence the speed at which such products enter the consumer market.</p><p>For a new technology or invention, users' cognition and acceptance often determine their willingness to consume. Since quadruped robots are very early products and are relatively expensive for most consumers, it may be difficult for most users to accept them quickly before finding a very painful usage scenario.</p><p>However, fortunately, companies such as Xiaomi are also actively looking for solutions. For example, the open source community and developer co-creation method mentioned by Lei Jun at the press conference can find more possible landing scenarios for quadruped robot products. Perhaps one day, the era of each hand having a robot dog will come.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.tmtpost.com/5565657.html\">光锥智能</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/186271ee66f3e90978f3fd588a418cb4","relate_stocks":{"AMZN":"亚马逊","01810":"小米集团-W"},"source_url":"https://www.tmtpost.com/5565657.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128271719","content_text":"谁能想到，小米今年发布会的 One More Thing 竟然是一只“狗”；更没想到的是，这只狗还有一个十分接地气的名字：铁蛋。\n根据雷军的介绍，这只名为铁蛋的四足机器狗不仅能跑会跳，还可以根据人类的指令做出空翻等高难度动作；作为一只机器狗，你当然还能带着它上街，而且是不用拴绳子那种，它能够自动跟随主人，并主动避开障碍物，绝不会出现下图这种情况：\n\n雷军表示，它虽然是一个有趣的小项目，但却是工程师们的大梦想，因为它集合了多为工程师的顶尖技术于一身。据介绍，这款四足机器人配备了自研高性能伺服电机、采用具备21 TOPS算力的边缘AI芯片，同时拥有AI视觉、AI语音、机器人系统等多方面的自研技术支持，也因此它才能根据主任的指令执行各种复杂的操作。\n目前，小米已经制作了1000台工程探索版“铁蛋”，并会在未来拿出700台与米粉共创，售价9999元人民币。同时，为了支持这个项目的发展，小米成立了一个机器人实验室，也在筹备机器人开源社区。\n前脚宣布造车，后脚入局机器人，小米最近的势头有些凶猛。虽然四足机器人已经有不少公司在做，但是从行业整体发展来看，仍处在初级阶段，小米选择在这个时候加入，一方面有开拓新业务的想法，另一方面想必也有展示自身机械工程能力的心思。毕竟当造车消息宣布后，外界对于小米最大的质疑就来自于此，秀出机械技术能力，恐怕也是决心的一种展现。\n有类似想法的企业不止小米。今年3月，腾讯发布了一款名叫Max的四足机器人。除了四足行走的功能，腾讯的研究人员还在其足部、关节连接处都加上了轮子，不仅能提升行动速度，还可以让机器人以多种形态进行活动。\n\n而根据最新得到的消息，OPPO也提交了一份机器人腿部组件专利，包括腿部支架及足部结构。想必，这也是OPPO加入机器人竞赛的第一步。\n说回到铁蛋以及它的同类们。\n作为“老前辈”，波士顿动力为四足机器人争得了不小的关注，前有亚马逊创始人贝佐斯牵Spot上街炫耀，如今又有雷军带铁蛋上台炫技，全球大大小小的科技企业接连在这一领域布局，除了炫技、秀肌肉的功能之外，是什么引得他们对这只“没头没尾”的机器狗如此青睐？\n大厂小厂为啥都想“养狗”？\n我们或许可以从波士顿动力身上寻找答案。\n起初，波士顿动力是专为美国军方研制机器人的实验室，这些机器人主要承担货物运输、复杂地形探索等任务；直到2013年，波士顿动力被谷歌收购，这才开始了更接地气的项目研究。\n那只让贝佐斯牵出去并引起围观的“大黄狗”Spot Mini，就是波士顿动力回归平民化的产物，只不过这个时候，波士顿动力已经被谷歌卖给了软银。\n\n在过去一系列的官方演示视频里，我们看到它很好地继承了前代产品运输货物、适应多种地形的本领：\n\n在家庭环境里，它更多可以用来为用户提供服务，比如开关门、递送物品：\n\n不难看出，相比于轮式机器人，四足机器人在稳定性、复杂环境适应性等方面都具有着前者难以追赶的优势，这也造就了四足机器人可以拥有更丰富的使用场景。\n一些公司已经将四足机器人应用在了业务中。比如，福特公司宣布已采用两台波士顿动力公司出品的机器狗勘察其 Van Dyke 变速箱工厂，采用机器狗对工厂进行3D数字扫描，可以协助工程师更好地完成任务。\nSpot机器狗凭借其激光扫描和成像能力，将能够制作出高度详细和准确的地图，福特工程师便可以使用这些地图来对设施进行现代化改造和重新装备。\n\n除此之外，在救援、巡逻、勘探的场景下，四足机器人都有用武之地。人过不去的地方，它们能过去，人钻不进去的角落，它们可以钻，用机器人替代人工进行作业，不仅可以大幅减少人员的损伤，还能够提升作业的效果，一举两得。\n在消费场景里，四足机器人也有擅长的东西。\n既然被称为“机器狗”，那么它除了四条腿的外形，还需要具有宠物狗最为重要的陪伴、娱乐功能。比如德鲁动力推出的社交机器狗产品 KODA 就主打居家陪伴方向。\n配备了空气检测器、触摸传感器等传感设备，KODA不仅可以通过听觉模块分析语言、语音及语调，还可辅助视觉模块分析人的面部表情、肢体语言，如手势，从而形成语义。\nKODA通过不断的与人的接触，自我进化，能更加理解人类的语义，解读人类的情感，配合着充满科幻感的外形，KODA对人类的陪伴效果，恐怕不必真正的宠物狗要差。\n\n另外，KODA这类陪伴型机器人还能够对用户的生活环境进行检查，比如发现潜在的火灾隐患、检测空气质量指数等等。\n可见，四足机器人不论在商用场景还是消费场景下，都是有着广阔的应用前景的，这也是企业愿意花费时间、精力与金钱来打造它的原因。\n另外从市场规模来看，四足机器人可以应用的领域也都颇具规模。\n前面提到的 KODA 机器狗所在的陪伴型机器人市场，在我国于2019年就达到了25.3亿元，预计未来五年，智能陪伴教育机器人行业规模仍将保持20%以上的速率增长，到2023年市场规模将达到70.3亿元；而四足机器人应用比较广泛的巡逻、安保等的安防机器人市场，也被预测将在2023年达到30亿元规模。\n有应用前景，又有市场规模，按说四足机器人早就应该遍地走了才是，但为什么我们的生活中却看不到有谁牵着这样的机器人在街上溜达呢？\n这就牵扯到困扰四足机器人厂商的一个老大难问题——商业化困境。\n四足机器人很酷炫，但为何没迎来商业爆发？\n四足机器人酷炫吗？很酷炫。有应用前景吗？有。那为什么还说它处在商业化困境之中呢？\n仍然以前文提到的波士顿动力为例。\n虽然他们的产品技术强、功能炫，可依旧避免不了三易其主的窘境。2013年被谷歌从美国军方收购后，仅四年就被谷歌以1.65亿美元的价格卖给了日本巨头软银；可软银接收后，也没有让它在手里多留，2020年底就宣布把它转卖给韩国现代公司。\n为什么会这样呢？简单来说，是研发投入与盈利无法达到平衡。\nSpot Mini 对外的售价是7.45万美元，按照近期的汇率换算，合人民币约48万元，接近一台中高档汽车的价格，如果销量理想的话，其实是可以实现盈利的；何况有数据显示，上市3个月的时间里，Spot就获得了260台订单，销售额在当时已经达到了2000万美元。\n但是，这笔钱相较于昂贵的研发投入来说，只能算冰山一角。\n从1992年成立到2013年，波士顿动力花费了20多年的时间才让机器人达到Spot那样的水准，这期间的研发投入可想而知。依靠早期美国军方与后来的谷歌不断往里砸钱，波士顿动力才取得了一定的成果，同样的研发过程如果放在其他企业身上，恐怕难逃破产。\n在研发投入高、回报周期长的机器人行业来说，这种情况并不罕见。\n比如曾经的明星机器人公司Anki，就因为长久以来的入不敷出，于2019年4月对外宣布裁员与倒闭，即便在此之前，他们已经募集了1.82亿美元的资金。\n\n（Anki公司明星产品Cozmo机器人）\n在昂贵的研发投入外，制造成本也是阻碍四足机器人走向商业化的一大阻碍，这一点在国内市场尤为明显。\n一台四足机器人最核心的零件有减速器、伺服电机、控制器与传感器，有一些产品还包括激光雷达、足端物理传感器、人体感知器等设备。\n根据中商产业研究院的数据，目前我国85%的减速器市场、90%的伺服电机市场、以及超过80%的控制系统市场被海外品牌占据。这意味着，我国在生产制造机器人的过程中，核心零件的进口价格被海外企业牢牢把控着。\n虽然这一定程度上刺激了我们进行自研的决心，但是在合适的替代产品研发出来之前，这一现状将一直困扰着我们，生产出价格、技术水平都能够符合消费市场需求的四足机器人，也需要多花一些时间与步骤。\n另外，消费者们何时能够真正从心理上接受四足机器人走进工作、生活，也左右着这类产品走向消费市场的速度。\n对于一项新的技术或者新的发明，用户的认知与接受度往往决定了其消费意愿。由于四足机器人属于非常早期的产品，且对于大多数消费者来说价格相对昂贵，因此，在没有找到非常戳痛点的使用场景前，让大部分用户很快接受它，恐怕比较困难。\n不过，好在小米等公司也在积极寻找解决方法，比如发布会上雷军提到的开源社区、开发者共创的方式，可以为四足机器人产品寻找更多可能的落地场景。或许有一天，人手一只机器狗的时代就会到来。","news_type":1,"symbols_score_info":{"01810":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891178568,"gmtCreate":1628362996554,"gmtModify":1703505387955,"author":{"id":"4087940084041310","authorId":"4087940084041310","name":"JRQE99","avatar":"https://static.tigerbbs.com/e211bc6d950fccebd88314997101cab4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087940084041310","idStr":"4087940084041310"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891178568","repostId":"1133653497","repostType":4,"repost":{"id":"1133653497","kind":"news","pubTimestamp":1628337615,"share":"https://ttm.financial/m/news/1133653497?lang=en_US&edition=fundamental","pubTime":"2021-08-07 20:00","market":"us","language":"zh","title":"Foreign media: U.S. lawmakers ask the Department of Commerce to put Honor on the economic blacklist","url":"https://stock-news.laohu8.com/highlight/detail?id=1133653497","media":"环球网","summary":"又要打压荣耀？据英国路透社消息，美国14名众议院议员当地时间6日要求美国商务部将荣耀公司列入政府的经济黑名单。\n报道称，以美国国会众议院外交委员会共和党人迈克尔·麦考尔为首的议员在一封信中表示，荣耀公","content":"<p>To suppress glory again? According to British Reuters news, 14 members of the U.S. House of Representatives asked the U.S. Department of Commerce on the 6th local time to include Honor Company in the government's economic blacklist.</p><p>According to the report, lawmakers headed by Michael McCall, a Republican on the Foreign Affairs Committee of the U.S. House of Representatives, stated in a letter that Honor has been spun off from Huawei, and Huawei was included in the U.S. Entity List in May 2019. Listed companies are prohibited from purchasing parts from U.S. companies or using U.S. technology without approval from the U.S. government. These lawmakers claimed that Glory was stripped off to avoid U.S. export control policies.</p><p>On the other hand, a spokesman for the U.S. Department of Commerce claimed that the department appreciated \"the views of these members of Congress.\" He also declared that the department is \"constantly reviewing existing information to identify possible additions to the entity list\".</p><p>On November 17, 2020, Huawei Investment Holdings Co., Ltd. announced the overall sale of Honor's mobile phone business assets. Honor's top management and team will remain stable. After the sale, Huawei will no longer hold any shares in the new Honor company. On the same day, Huawei issued a statement in official website, saying that Huawei Investment Holdings Co., Ltd. decided to sell the assets of Honor business as a whole, and the acquirer was Shenzhen Zhixin New Information Technology Co., Ltd. For Honor after delivery, Huawei does not hold any shares, nor does it participate in business management and decision-making.</p><p>Earlier, in response to the extension of a ban involving Huawei by the U.S. government, Foreign Ministry spokesperson Hua Chunying pointed out in May this year that the U.S. government generalized the concept of national security, abused state power and suppressed Chinese enterprises by any means, which was a denial of the principle of market economy and fair competition that the U.S. has always advertised. This practice not only harms the legitimate rights and interests of Chinese enterprises, but also harms the interests of American enterprises, seriously interferes with the normal scientific and technological exchanges and trade between the two countries and even the world, and causes damage to the global industrial chain and supply chain. \"We urge the US to correct its mistakes, stop slandering, smearing and unreasonable suppression of Chinese enterprises, and treat Chinese enterprises fairly, impartially and without discrimination. The Chinese government will continue to firmly safeguard the legitimate rights and interests of Chinese enterprises,\" she said.</p>","source":"hqw","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>Foreign media: U.S. lawmakers ask the Department of Commerce to put Honor on the economic blacklist</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\">\nForeign media: U.S. lawmakers ask the Department of Commerce to put Honor on the economic blacklist\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">环球网</strong><span class=\"h-time small\">2021-08-07 20:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>To suppress glory again? According to British Reuters news, 14 members of the U.S. House of Representatives asked the U.S. Department of Commerce on the 6th local time to include Honor Company in the government's economic blacklist.</p><p>According to the report, lawmakers headed by Michael McCall, a Republican on the Foreign Affairs Committee of the U.S. House of Representatives, stated in a letter that Honor has been spun off from Huawei, and Huawei was included in the U.S. Entity List in May 2019. Listed companies are prohibited from purchasing parts from U.S. companies or using U.S. technology without approval from the U.S. government. These lawmakers claimed that Glory was stripped off to avoid U.S. export control policies.</p><p>On the other hand, a spokesman for the U.S. Department of Commerce claimed that the department appreciated \"the views of these members of Congress.\" He also declared that the department is \"constantly reviewing existing information to identify possible additions to the entity list\".</p><p>On November 17, 2020, Huawei Investment Holdings Co., Ltd. announced the overall sale of Honor's mobile phone business assets. Honor's top management and team will remain stable. After the sale, Huawei will no longer hold any shares in the new Honor company. On the same day, Huawei issued a statement in official website, saying that Huawei Investment Holdings Co., Ltd. decided to sell the assets of Honor business as a whole, and the acquirer was Shenzhen Zhixin New Information Technology Co., Ltd. For Honor after delivery, Huawei does not hold any shares, nor does it participate in business management and decision-making.</p><p>Earlier, in response to the extension of a ban involving Huawei by the U.S. government, Foreign Ministry spokesperson Hua Chunying pointed out in May this year that the U.S. government generalized the concept of national security, abused state power and suppressed Chinese enterprises by any means, which was a denial of the principle of market economy and fair competition that the U.S. has always advertised. This practice not only harms the legitimate rights and interests of Chinese enterprises, but also harms the interests of American enterprises, seriously interferes with the normal scientific and technological exchanges and trade between the two countries and even the world, and causes damage to the global industrial chain and supply chain. \"We urge the US to correct its mistakes, stop slandering, smearing and unreasonable suppression of Chinese enterprises, and treat Chinese enterprises fairly, impartially and without discrimination. The Chinese government will continue to firmly safeguard the legitimate rights and interests of Chinese enterprises,\" she said.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://world.huanqiu.com/article/44FmU6Cs7es\">环球网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ae6b3ec4ed112f437b0da43e3b4c0339","relate_stocks":{},"source_url":"https://world.huanqiu.com/article/44FmU6Cs7es","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133653497","content_text":"又要打压荣耀？据英国路透社消息，美国14名众议院议员当地时间6日要求美国商务部将荣耀公司列入政府的经济黑名单。\n报道称，以美国国会众议院外交委员会共和党人迈克尔·麦考尔为首的议员在一封信中表示，荣耀公司已经从华为剥离，而华为于2019年5月被列入美国实体清单。被列入清单的公司在未经美国政府批准的情况下，禁止从美国公司购买零部件或使用美国技术。这些议员宣称，荣耀被剥离是为躲避美国的出口管制政策。\n另一边，美国商务部发言人声称，该部门赞赏“这些国会议员的观点”。他还宣称，该部门“正在不断审查现有信息，以确定实体清单中可能增加的内容” 。\n2020年11月17日，华为投资控股有限公司宣布整体出售荣耀手机业务资产。荣耀高层及团队将保持稳定，出售后华为不再持有新荣耀公司的任何股份。华为当天在官网发布声明称，华为投资控股有限公司决定整体出售荣耀业务资产，收购方为深圳市智信新信息技术有限公司。对于交割后的荣耀，华为不占有任何股份，也不参与经营管理与决策。\n此前针对美国政府延长一项涉及华为的禁令，外交部发言人华春莹今年5月曾指出，美国政府泛化国家安全概念，滥用国家力量，不择手段打压中国企业，是对美方自己一贯标榜的市场经济和公平竞争原则的否定。这种做法不仅损害中国企业的合法权益，也损害美国企业的利益，严重干扰两国乃至全球正常的科技交流和贸易往来，对全球产业链、供应链造成破坏。“我们敦促美方纠正错误，停止对中国企业的诬蔑抹黑和无理打压，公平、公正、非歧视地对待中国企业。中国政府将继续坚定维护中国企业的合法权益。”她说。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804658712,"gmtCreate":1627955347936,"gmtModify":1703498499524,"author":{"id":"4087940084041310","authorId":"4087940084041310","name":"JRQE99","avatar":"https://static.tigerbbs.com/e211bc6d950fccebd88314997101cab4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087940084041310","idStr":"4087940084041310"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/804658712","repostId":"2156115789","repostType":4,"isVote":1,"tweetType":1,"viewCount":2679,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158462844,"gmtCreate":1625176553488,"gmtModify":1703737583710,"author":{"id":"4087940084041310","authorId":"4087940084041310","name":"JRQE99","avatar":"https://static.tigerbbs.com/e211bc6d950fccebd88314997101cab4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087940084041310","idStr":"4087940084041310"},"themes":[],"htmlText":"Ok ","listText":"Ok ","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158462844","repostId":"1168133884","repostType":4,"repost":{"id":"1168133884","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":1625021330,"share":"https://ttm.financial/m/news/1168133884?lang=en_US&edition=fundamental","pubTime":"2021-06-30 10:48","market":"sh","language":"zh","title":"Reminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5","url":"https://stock-news.laohu8.com/highlight/detail?id=1168133884","media":"老虎资讯综合","summary":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月","content":"<p><b>Due to the Independence Day holiday in the United States, the U.S. stock market will be closed for one day on July 5 (Monday), and trading will resume on July 6 (Tuesday).</b></p><p>Hong Kong stocks, A-shares, British stocks, Australian stocks and Singapore stock markets are trading as usual.</p><p><b>Background brief:</b></p><p><b>Independence Day</b>It is a legal national day of the United States, which is dated on July 4th every year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. Independence Day in the United States is as grand as religious and folk festivals. Before the festival, ordinary people clean their courtyards, decorate their homes and fly the national flag.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></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>Reminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5</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\">\nReminder: Due to the U.S. Independence Day holiday, U.S. stocks will be closed all day on July 5\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\">2021-06-30 10:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Due to the Independence Day holiday in the United States, the U.S. stock market will be closed for one day on July 5 (Monday), and trading will resume on July 6 (Tuesday).</b></p><p>Hong Kong stocks, A-shares, British stocks, Australian stocks and Singapore stock markets are trading as usual.</p><p><b>Background brief:</b></p><p><b>Independence Day</b>It is a legal national day of the United States, which is dated on July 4th every year to commemorate the formal adoption of the Declaration of Independence by the Continental Congress in Philadelphia on July 4, 1776. Independence Day in the United States is as grand as religious and folk festivals. Before the festival, ordinary people clean their courtyards, decorate their homes and fly the national flag.<img src=\"https://static.tigerbbs.com/f87ddb03d9b4d56cf0dce9450e742016\" tg-width=\"626\" tg-height=\"417\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/21dd6adec6b29203b5bca22347419441","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168133884","content_text":"因美国独立日假期，7月5日（周一）美股休市一日，7月6日（周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n独立日是美国法定国庆日，日期为每年7月4日，以纪念1776年7月4日大陆会议在费城正式通过《独立宣言》。美国的独立日，与宗教、民俗节日一样隆重，老百姓在节日前清洁院落，装饰家居，悬挂国旗。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}