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- AceboyAceboy
  ·11-20 04:25
  So much bullshit assumptions in this write up, Delivery time for Temu 2 weeks Aliexpress 7 days
  Alibaba: The 'Value Play' That Keeps On Disappointing
  Alibaba's 2QFY25 revenue miss highlights ongoing challenges amid China's value-seeking consumption and rising competition from low-cost rivals and live-streaming platforms.BABA's focus on user growth
  Alibaba: The 'Value Play' That Keeps On Disappointing
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- AceboyAceboy
  ·2022-06-30
  $SENSETIME-W(00020)$ Anyone know why it dropped in half today?
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- AceboyAceboy
  ·2022-05-11
  Any particular reason why it's gone up?
  Hong Kong Stocks Rebounded Sharply on Wednesday
  Hong Kong stocks rebounded sharply on Wednesday, with the Hang Seng technology index up more than 5%
  Hong Kong Stocks Rebounded Sharply on Wednesday
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Temu 2 weeks&nbsp; Aliexpress 7 days&nbsp;","listText":"So much bullshit assumptions in this write up, Delivery time for&nbsp; Temu 2 weeks&nbsp; Aliexpress 7 days&nbsp;","text":"So much bullshit assumptions in this write up, Delivery time for Temu 2 weeks Aliexpress 7 days","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372891787722968","repostId":"2484753619","repostType":2,"repost":{"id":"2484753619","pubTimestamp":1732038028,"share":"https://ttm.financial/m/news/2484753619?lang=&edition=fundamental","pubTime":"2024-11-20 01:40","market":"us","language":"en","title":"Alibaba: The 'Value Play' That Keeps On Disappointing","url":"https://stock-news.laohu8.com/highlight/detail?id=2484753619","media":"seekingalpha","summary":"Alibaba's 2QFY25 revenue miss highlights ongoing challenges amid China's value-seeking consumption and rising competition from low-cost rivals and live-streaming platforms.BABA's focus on user growth ","content":"<html><body><ul><li>Alibaba's 2QFY25 revenue miss highlights ongoing challenges amid China's value-seeking consumption and rising competition from low-cost rivals and live-streaming platforms.</li><li>BABA's focus on user growth and retention underscores churn pressure, with users migrating to value platforms like PDD, exacerbating share price and investment sentiment.</li><li>Despite trading at 10x forward earnings, BABA is a value trap due to macro, structural, and competitive challenges, making it less attractive than PDD.</li><li>BABA's global growth lags behind peers like Temu, with slower revenue and earnings growth, justifying a preference for PDD with higher growth potential.</li></ul><p><figure><picture> <img fetchpriority=\"high\" height=\"4413px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/181900539/image_181900539.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/181900539/image_181900539.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/181900539/image_181900539.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/181900539/image_181900539.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/181900539/image_181900539.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/181900539/image_181900539.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/181900539/image_181900539.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/181900539/image_181900539.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/181900539/image_181900539.jpg?io=getty-c-w240 240w\" width=\"5316px\"/> </picture><figcaption> <p>xefstock</p></figcaption></figure></p> <div></div> <p>Alibaba’s (<span>NYSE:BABA</span>) 2QFY25 revenue miss reinforces the fact that the company’s turnaround remains challenging amid China’s value-seeking consumption environment and increasing competition from low-cost competitors and live-streaming platforms.</p> <p>Management’s ongoing focus on user growth and retention illustrates that<span> BABA continues to face churn pressure as users migrate to money-for-value platforms such as PDD (</span>PDD<span>) and this trend seems unlikely to abate in the near term. (See: </span>PDD Holdings: Brand Migration Driving Long-Term GMV Growth)</p> <p>The lack of consumption-driven stimulus from the policymakers exacerbates BABA’s share price outlook and investment sentiment toward the stock. We note that the share price has increased by ~30% since the September 24<sup>th</sup> stimulus announcement but has given up most of the gains since early October.</p> <p>With the stock trading at 10x forward earnings, BABA is a value trap rather than a value play and better be avoided as its core Taobao and Tmall Group continue to face a number of macro, structural, and competitive challenges that will unlikely to be addressed in the foreseeable future.</p> <p>Our thesis on China’s internet sector is that population growth is no longer the key driver for industry growth and that Chinese internet companies need to shift their volume/user-based model to a value-based model through innovation so they can compete with other internet companies on a global scale. So far, Bytedance has done exceptionally well given its global coverage, followed by PDD (see: PDD: Shop Until You Drop). Ctrip (TCOM) has done well with its expansion into Southeast Asia, while Meituan is starting to expand its overseas presence in emerging markets (see: Meituan: Riding On Keeta To Drive Overseas Growth).</p> <p>Although BABA had the early mover advantage with its AliExpress, Lazada, and Trendyol assets, the company never capitalized on the global e-commerce growth opportunity. We note that AliExpress, one of the earlier cross-border shipping platforms that was accessible to US and European users, lost its competitive edge to PDD and Shein, while the recent resurgence in Sea’s (SE) Shopee and TikTok Shop in Southeast Asia is making BABA to rethink its Lazada strategy.</p> <p>Given the multiple challenges faced by BABA, we expect the share price to pull back to the level before the surge in late September and trade between 8x – 10x P/E until there are visible signs of revenue reacceleration in Taobao and Tmall Group. Without it, BABA’s share will likely be a value-trap, as this was the case for most of the calendar year 2024 and investors are better off avoiding this stock and sticking with PDD that is capitalizing on China’s soft macro backdrop with the global growth optionality in Temu.</p> <h2><strong>The core business continues to face macro and competitive headwinds</strong></h2> <p>BABA’s Taobao and Tmall revenue of RMB 98.99bn was largely in line with consensus, but worth flagging that the stabilization in the take-rate was partially helped by the introduction of 0.6% software service fee onto the Taobao merchants during the quarter. Without this extra fee, the CMR take rate would have been weaker, since BABA historically does not charge a commission from the Taobao merchants.</p> <p>Although the 0.6% software service fee is widely seen across the industry, the current e-commerce competition has resulted in platforms lowering various fees for merchants as part of their merchant retention strategy. We note that PDD has been lowering software service fees for merchants along with other fees covering logistics, marketing, use-now-pay-later, etc. When BABA’s key competitor is waiving these fees to retain merchants, we question whether BABA’s take rate has hit a trough and that we believe a prolonged soft consumption environment could add further downside risk to BABA’s take rate and revenue trajectory.</p> <p>Additionally, another concerning issue lies in the Adjusted EBITA of RMB 44.59bn, which fell short of the consensus RMB 45.14bn as BABA continues to invest in user experience and retention through aggressive marketing and promotions. Management guided that EBITA is likely to fluctuate in the coming quarters as Taobao and Tmall remain in the investment phase. In short, BABA is fighting an uphill battle, making large investments without clear visibility on when the investments will pay off. Hence, we are skeptical at a near-term turnaround in the business profile and prefer to avoid this stock until greater stability on its core commerce units.</p> <h3><strong>Falling behind peers in global growth</strong></h3> <p>AIDC revenue growth of 29% y/y was largely driven by cross-border e-commerce, AE Choice. Although AE Choice covers over 200 countries globally, its GMV is still relatively small compared with Temu which is generating roughly $350mn - $400mn weekly GMV run-rate, per YipitData.</p> <p>User experience, rather than geographic coverage, is a key determinant of e-commerce success rate. Temu has been actively shortening the cross-border shipping time to the US, as well as working with the semi-managed model to onboard new merchants and expand its SKU selection to compete against larger incumbents such as Amazon (AMZN).</p> <p>Anecdotal evidence indicates that AE Choice’s shipping time continues to underwhelm, while Temu has been able to narrow down the delivery window to around two weeks.</p> <p>The longer BABA takes to bring a comparable user experience in terms of product selection and delivery time, the wider the gap BABA has with its biggest competitor and the farther back it will trail in terms of customer experience.</p> <h4><strong>Valuation likely to remain depressed in the near term</strong></h4> <p>In the context of valuation, BABA’s 9x 2025E consensus earnings may appear to be a value play given that the current forward multiple is trading at a 10-year low and well below its historical average.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/11/17/967275-17318714899842544.png\"/></span> </picture><figcaption><p><span>Capital IQ, Astrada Advisors</span></p></figcaption></figure></p> <p>However, we feel that it is more of a value trap given its soft near-term growth trajectory. We note that the current consensus is looking at 7.5% revenue growth and 6.5% earnings growth for 2025E, which is significantly below that of PDD which is growing at 6x faster revenue and earnings growth while trading at 1 turn below that of BABA on a forward P/E basis.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2024/11/17/967275-17318714899907985.png\"/></span> </picture><figcaption><p><span>Capital IQ, Astrada Advisors</span></p></figcaption></figure></p> <div></div> <p>With a slower growth profile, we simply do not believe that BABA’s current valuation is justified, even when it is trading at a historically low single-digit forward P/E. As such, we believe investors are better off with PDD, given its higher global growth potential and its position as a market share gainer in China’s e-commerce space.</p></body></html>","source":"seekingalpha","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>Alibaba: The 'Value Play' That Keeps On Disappointing</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: The 'Value Play' That Keeps On Disappointing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 01:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4738720-alibaba-the-value-play-that-keeps-on-disappointing><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba's 2QFY25 revenue miss highlights ongoing challenges amid China's value-seeking consumption and rising competition from low-cost rivals and live-streaming platforms.BABA's focus on user growth ...</p>\n\n<a href=\"https://seekingalpha.com/article/4738720-alibaba-the-value-play-that-keeps-on-disappointing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/181900539/image_181900539.jpg","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4738720-alibaba-the-value-play-that-keeps-on-disappointing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2484753619","content_text":"Alibaba's 2QFY25 revenue miss highlights ongoing challenges amid China's value-seeking consumption and rising competition from low-cost rivals and live-streaming platforms.BABA's focus on user growth and retention underscores churn pressure, with users migrating to value platforms like PDD, exacerbating share price and investment sentiment.Despite trading at 10x forward earnings, BABA is a value trap due to macro, structural, and competitive challenges, making it less attractive than PDD.BABA's global growth lags behind peers like Temu, with slower revenue and earnings growth, justifying a preference for PDD with higher growth potential.   xefstock  Alibaba’s (NYSE:BABA) 2QFY25 revenue miss reinforces the fact that the company’s turnaround remains challenging amid China’s value-seeking consumption environment and increasing competition from low-cost competitors and live-streaming platforms. Management’s ongoing focus on user growth and retention illustrates that BABA continues to face churn pressure as users migrate to money-for-value platforms such as PDD (PDD) and this trend seems unlikely to abate in the near term. (See: PDD Holdings: Brand Migration Driving Long-Term GMV Growth) The lack of consumption-driven stimulus from the policymakers exacerbates BABA’s share price outlook and investment sentiment toward the stock. We note that the share price has increased by ~30% since the September 24th stimulus announcement but has given up most of the gains since early October. With the stock trading at 10x forward earnings, BABA is a value trap rather than a value play and better be avoided as its core Taobao and Tmall Group continue to face a number of macro, structural, and competitive challenges that will unlikely to be addressed in the foreseeable future. Our thesis on China’s internet sector is that population growth is no longer the key driver for industry growth and that Chinese internet companies need to shift their volume/user-based model to a value-based model through innovation so they can compete with other internet companies on a global scale. So far, Bytedance has done exceptionally well given its global coverage, followed by PDD (see: PDD: Shop Until You Drop). Ctrip (TCOM) has done well with its expansion into Southeast Asia, while Meituan is starting to expand its overseas presence in emerging markets (see: Meituan: Riding On Keeta To Drive Overseas Growth). Although BABA had the early mover advantage with its AliExpress, Lazada, and Trendyol assets, the company never capitalized on the global e-commerce growth opportunity. We note that AliExpress, one of the earlier cross-border shipping platforms that was accessible to US and European users, lost its competitive edge to PDD and Shein, while the recent resurgence in Sea’s (SE) Shopee and TikTok Shop in Southeast Asia is making BABA to rethink its Lazada strategy. Given the multiple challenges faced by BABA, we expect the share price to pull back to the level before the surge in late September and trade between 8x – 10x P/E until there are visible signs of revenue reacceleration in Taobao and Tmall Group. Without it, BABA’s share will likely be a value-trap, as this was the case for most of the calendar year 2024 and investors are better off avoiding this stock and sticking with PDD that is capitalizing on China’s soft macro backdrop with the global growth optionality in Temu. The core business continues to face macro and competitive headwinds BABA’s Taobao and Tmall revenue of RMB 98.99bn was largely in line with consensus, but worth flagging that the stabilization in the take-rate was partially helped by the introduction of 0.6% software service fee onto the Taobao merchants during the quarter. Without this extra fee, the CMR take rate would have been weaker, since BABA historically does not charge a commission from the Taobao merchants. Although the 0.6% software service fee is widely seen across the industry, the current e-commerce competition has resulted in platforms lowering various fees for merchants as part of their merchant retention strategy. We note that PDD has been lowering software service fees for merchants along with other fees covering logistics, marketing, use-now-pay-later, etc. When BABA’s key competitor is waiving these fees to retain merchants, we question whether BABA’s take rate has hit a trough and that we believe a prolonged soft consumption environment could add further downside risk to BABA’s take rate and revenue trajectory. Additionally, another concerning issue lies in the Adjusted EBITA of RMB 44.59bn, which fell short of the consensus RMB 45.14bn as BABA continues to invest in user experience and retention through aggressive marketing and promotions. Management guided that EBITA is likely to fluctuate in the coming quarters as Taobao and Tmall remain in the investment phase. In short, BABA is fighting an uphill battle, making large investments without clear visibility on when the investments will pay off. Hence, we are skeptical at a near-term turnaround in the business profile and prefer to avoid this stock until greater stability on its core commerce units. Falling behind peers in global growth AIDC revenue growth of 29% y/y was largely driven by cross-border e-commerce, AE Choice. Although AE Choice covers over 200 countries globally, its GMV is still relatively small compared with Temu which is generating roughly $350mn - $400mn weekly GMV run-rate, per YipitData. User experience, rather than geographic coverage, is a key determinant of e-commerce success rate. Temu has been actively shortening the cross-border shipping time to the US, as well as working with the semi-managed model to onboard new merchants and expand its SKU selection to compete against larger incumbents such as Amazon (AMZN). Anecdotal evidence indicates that AE Choice’s shipping time continues to underwhelm, while Temu has been able to narrow down the delivery window to around two weeks. The longer BABA takes to bring a comparable user experience in terms of product selection and delivery time, the wider the gap BABA has with its biggest competitor and the farther back it will trail in terms of customer experience. Valuation likely to remain depressed in the near term In the context of valuation, BABA’s 9x 2025E consensus earnings may appear to be a value play given that the current forward multiple is trading at a 10-year low and well below its historical average.   Capital IQ, Astrada Advisors However, we feel that it is more of a value trap given its soft near-term growth trajectory. We note that the current consensus is looking at 7.5% revenue growth and 6.5% earnings growth for 2025E, which is significantly below that of PDD which is growing at 6x faster revenue and earnings growth while trading at 1 turn below that of BABA on a forward P/E basis.   Capital IQ, Astrada Advisors  With a slower growth profile, we simply do not believe that BABA’s current valuation is justified, even when it is trading at a historically low single-digit forward P/E. As such, we believe investors are better off with PDD, given its higher global growth potential and its position as a market share gainer in China’s e-commerce space.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045975774,"gmtCreate":1656555122798,"gmtModify":1676535853296,"author":{"id":"4110836840749362","authorId":"4110836840749362","name":"Aceboy","avatar":"https://community-static.tradeup.com/news/bd1643c89e86b59cc3277429970e90d6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110836840749362","authorIdStr":"4110836840749362"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00020\">$SENSETIME-W(00020)$</a> Anyone know why it dropped in half today?","listText":"<a href=\"https://ttm.financial/S/00020\">$SENSETIME-W(00020)$</a> Anyone know why it dropped in half today?","text":"$SENSETIME-W(00020)$ Anyone know why it dropped in half today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045975774","isVote":1,"tweetType":1,"viewCount":1070,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4110836840749362","authorId":"4110836840749362","name":"Aceboy","avatar":"https://community-static.tradeup.com/news/bd1643c89e86b59cc3277429970e90d6","crmLevel":1,"crmLevelSwitch":0,"idStr":"4110836840749362","authorIdStr":"4110836840749362"},"content":"Happy to pay $3 a share","text":"Happy to pay $3 a share","html":"Happy to pay $3 a share"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064066958,"gmtCreate":1652249622174,"gmtModify":1676535062144,"author":{"id":"4110836840749362","authorId":"4110836840749362","name":"Aceboy","avatar":"https://community-static.tradeup.com/news/bd1643c89e86b59cc3277429970e90d6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110836840749362","authorIdStr":"4110836840749362"},"themes":[],"htmlText":"Any particular reason why it's gone up?","listText":"Any particular reason why it's gone up?","text":"Any particular reason why it's gone up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064066958","repostId":"1130946262","repostType":2,"repost":{"id":"1130946262","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1652245686,"share":"https://ttm.financial/m/news/1130946262?lang=&edition=fundamental","pubTime":"2022-05-11 13:08","market":"hk","language":"en","title":"Hong Kong Stocks Rebounded Sharply on Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1130946262","media":"Tiger Newspress","summary":"Hong Kong stocks rebounded sharply on Wednesday, with the Hang Seng technology index up more than 5%","content":"<html><head></head><body><p>Hong Kong stocks rebounded sharply on Wednesday, with the Hang Seng technology index up more than 5%. Tencent, Alibaba, JD.com, NetEase, Baidu, Xiaomi, Kuaishou, Bilibili, Nio, Xpeng and Li Auto climbed between 1% and 12%.</p><p><img src=\"https://static.tigerbbs.com/5366c3e1359d456b7682b915cad1a605\" tg-width=\"877\" tg-height=\"621\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/c27061a7d23c76a56aaeda33c2bea751\" tg-width=\"389\" tg-height=\"721\" referrerpolicy=\"no-referrer\"/></p><p></p></body></html>","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>Hong Kong Stocks Rebounded Sharply on Wednesday</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; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stocks Rebounded Sharply on Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\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\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-11 13:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hong Kong stocks rebounded sharply on Wednesday, with the Hang Seng technology index up more than 5%. Tencent, Alibaba, JD.com, NetEase, Baidu, Xiaomi, Kuaishou, Bilibili, Nio, Xpeng and Li Auto climbed between 1% and 12%.</p><p><img src=\"https://static.tigerbbs.com/5366c3e1359d456b7682b915cad1a605\" tg-width=\"877\" tg-height=\"621\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/c27061a7d23c76a56aaeda33c2bea751\" tg-width=\"389\" tg-height=\"721\" referrerpolicy=\"no-referrer\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02015":"理想汽车-W","09618":"京东集团-SW","09866":"蔚来-SW","01024":"快手-W","00700":"腾讯控股","01810":"小米集团-W","09988":"阿里巴巴-W","09868":"小鹏汽车-W","09888":"百度集团-SW","09999":"网易-S","HSI":"恒生指数","03690":"美团-W","HSTECH":"恒生科技指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130946262","content_text":"Hong Kong stocks rebounded sharply on Wednesday, with the Hang Seng technology index up more than 5%. Tencent, Alibaba, JD.com, NetEase, Baidu, Xiaomi, Kuaishou, Bilibili, Nio, Xpeng and Li Auto climbed between 1% and 12%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}