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2021-09-18

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2021-09-17

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Reminder: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd

2021-09-12

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2021-09-09

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2021-09-08

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Pre-market changes: Chinese concept stocks have become "gold-sucking beasts"! Star stocks such as Station B and Pinduoduo broke out

2021-09-06

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@Fei2:Yes

2021-09-05

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Is Xiaomi "Foxconnization"?

2021-09-03

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Foreign media: Apple plans to launch "Apple Car" in 2024

2021-09-02

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Popular Chinese concept stocks collectively rose during the session, with Pinduoduo rising nearly 9%

2021-08-31

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Apple's stock price hits record high, with a market value of over $2.5 trillion

2021-08-30

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2021-08-28

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iPhone 13 is destined to not be cheap, and TSMC has taken the blame ahead of time

2021-08-27

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2021-08-25

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2021-08-20

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2021-08-15

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2021-08-10

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AMC Cinemas Q2 revenue of US $445 million exceeded expectations, and once rose by more than 9% after hours.

2021-07-26

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2021-07-16

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2021-07-14

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10:40","market":"us","language":"zh","title":"Reminder: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd","url":"https://stock-news.laohu8.com/highlight/detail?id=1100031374","media":"老虎资讯综合","summary":"2021年中秋节假期即将来临！各主要市场休市安排如下：港股：\n\n\n9月22日（周三）休市。9月23日（周四）起照常开市。\n\n\nA股：\n\n\n9月20日（周一）至9月21日（周二）休市。9月22日（周三）起照常开市。\n\n\n美股、英股、澳股、新加坡股市照常交易。\n\n\n沪股通和深股通：\n\n\n9月17日（周五）至9月22日（周三）关闭。9月23日（周四）起照常开通。\n\n\n港股通：\n\n\n9月16日（周四）至9月22日（周三）关闭。9月23日（周四）起照常开通。","content":"<p>The 2021 Mid-Autumn Festival holiday is upon us! The closing arrangements of major markets are as follows:<img src=\"https://static.tigerbbs.com/a514042f0cc485274181ed3db4bcf541\" tg-width=\"1103\" tg-height=\"746\" width=\"100%\" height=\"auto\"><b>Hong Kong stocks:</b></p><p>The market is closed on Wednesday, September 22. The market will open as usual from September 23rd (Thursday).</p><p><b>A shares:</b></p><p>Closed from Monday, September 20th to Tuesday, September 21st. The market will open as usual from September 22nd (Wednesday).</p><p><b>U.S. stocks, British stocks, Australian stocks and Singapore stock markets traded as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed Friday, September 17-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed Thursday, September 16-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><img src=\"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9\" tg-width=\"2048\" tg-height=\"1311\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd</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: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd\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\">2021-09-14 10:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The 2021 Mid-Autumn Festival holiday is upon us! The closing arrangements of major markets are as follows:<img src=\"https://static.tigerbbs.com/a514042f0cc485274181ed3db4bcf541\" tg-width=\"1103\" tg-height=\"746\" width=\"100%\" height=\"auto\"><b>Hong Kong stocks:</b></p><p>The market is closed on Wednesday, September 22. The market will open as usual from September 23rd (Thursday).</p><p><b>A shares:</b></p><p>Closed from Monday, September 20th to Tuesday, September 21st. The market will open as usual from September 22nd (Wednesday).</p><p><b>U.S. stocks, British stocks, Australian stocks and Singapore stock markets traded as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed Friday, September 17-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed Thursday, September 16-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><img src=\"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9\" tg-width=\"2048\" tg-height=\"1311\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100031374","content_text":"2021年中秋节假期即将来临！各主要市场休市安排如下：港股：\n9月22日（周三）休市。9月23日（周四）起照常开市。\nA股：\n9月20日（周一）至9月21日（周二）休市。9月22日（周三）起照常开市。\n美股、英股、澳股、新加坡股市照常交易。\n沪股通和深股通：\n9月17日（周五）至9月22日（周三）关闭。9月23日（周四）起照常开通。\n港股通：\n9月16日（周四）至9月22日（周三）关闭。9月23日（周四）起照常开通。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888032493,"gmtCreate":1631412450512,"gmtModify":1676530542950,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/888032493","repostId":"1144889232","repostType":4,"isVote":1,"tweetType":1,"viewCount":2954,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889204146,"gmtCreate":1631149044985,"gmtModify":1676530479797,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/889204146","repostId":"1140686239","repostType":2,"isVote":1,"tweetType":1,"viewCount":2992,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880694769,"gmtCreate":1631053039651,"gmtModify":1676530451197,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/880694769","repostId":"1160286543","repostType":2,"repost":{"id":"1160286543","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":1631005425,"share":"https://ttm.financial/m/news/1160286543?lang=en_US&edition=fundamental","pubTime":"2021-09-07 17:03","market":"us","language":"zh","title":"Pre-market changes: Chinese concept stocks have become \"gold-sucking beasts\"! Star stocks such as Station B and Pinduoduo broke out","url":"https://stock-news.laohu8.com/highlight/detail?id=1160286543","media":"老虎资讯综合","summary":"摘要：美国三大股指期货上涨，热门中概股盘前齐齐上涨，B站涨超5%，拼多多、网易、贝壳涨超4%；比特币今日一度逼近53000美元关口，亿邦国际、第九城市等区块链概念股集体“躁动”。\n\n9月7日，美国三大","content":"<p><b>Summary: The three major U.S. stock index futures rose, popular Chinese concept stocks all rose before the market opened, and Station B rose more than 5%.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>、<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Up more than 4%; Bitcoin once approached the $53,000 mark today.<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>、<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>Waiting for blockchain concept stocks to be collectively \"restless\".</b>On September 7, the three major U.S. stock index futures rose. As of press time, Dow futures rose 0.02%; S&P 500 futures rose 0.08%; Nasdaq 100 futures rose 0.15%.<img src=\"https://static.tigerbbs.com/008e26349bef0589c1f95e4e7ee6e3d2\" tg-width=\"828\" tg-height=\"235\" referrerpolicy=\"no-referrer\">Popular Chinese concept stocks are generally improving before the market,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>It rose more than 4% before the market. According to Reuters' IFR, Keike is considering listing in Hong Kong and plans to raise about US $2 billion. It has hired<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Take the lead in listing matters. In this regard, Keike said that the company currently has no relevant plans.</p><p><a href=\"https://laohu8.com/S/JD\">JD.com</a>It rose 2.6% before the market, and recently<a href=\"https://laohu8.com/S/JD\">JD.com</a>Announcing a new round of personnel appointments, Xu Lei was appointed as the new president of JD.com.</p><p>Among other star Chinese concept stocks,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 5%,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Rose more than 4%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>、<a href=\"https://laohu8.com/S/TAL\">TAL</a>、<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Rose more than 3%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Up more than 2%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up more than 1%.</p><p>Blockchain concept stocks rose collectively before the market opened,<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>Rose more than 4%,<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>Bit Digital, SOS,<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Rose more than 3%,<a href=\"https://laohu8.com/S/BTCM\">BitMining</a>Riot Blockchain Up more than 2%,<a href=\"https://laohu8.com/S/FTFT\">Future FinTech</a>Marathon Digital Up more than 1%. Bitcoin once approached the $53,000 mark today. At the same time, the Salvadoran Parliament passed a bill on June 9, approving the Bitcoin as the country's legal tender. The bill officially came into effect 90 days later, on September 7 (today). El Salvador became the first country in the world to officially recognize the Bitcoin as legal tender.</p><p>Novavax rose more than 2% before the market, and Japan will buy 150 million doses of COVID-19 vaccine.</p><p>Moderna fell 1.6% before the market. It is reported that Moderna's COVID-19 vaccine booster shot may be delayed in approval.</p><p>Dating software Match Group (MTCH.N) rose more than 12%. The stock will join the S&P 500 index, effective September 20.</p><p><a href=\"https://laohu8.com/S/AA\">Alcoa</a>It rose more than 3% before the market. The recent coup in Guinea has caused the industry to worry about the disruption of aluminum ore supply.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-market changes: Chinese concept stocks have become \"gold-sucking beasts\"! Star stocks such as Station B and Pinduoduo broke out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market changes: Chinese concept stocks have become \"gold-sucking beasts\"! Star stocks such as Station B and Pinduoduo broke out\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\">2021-09-07 17:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Summary: The three major U.S. stock index futures rose, popular Chinese concept stocks all rose before the market opened, and Station B rose more than 5%.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>、<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Up more than 4%; Bitcoin once approached the $53,000 mark today.<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>、<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>Waiting for blockchain concept stocks to be collectively \"restless\".</b>On September 7, the three major U.S. stock index futures rose. As of press time, Dow futures rose 0.02%; S&P 500 futures rose 0.08%; Nasdaq 100 futures rose 0.15%.<img src=\"https://static.tigerbbs.com/008e26349bef0589c1f95e4e7ee6e3d2\" tg-width=\"828\" tg-height=\"235\" referrerpolicy=\"no-referrer\">Popular Chinese concept stocks are generally improving before the market,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>It rose more than 4% before the market. According to Reuters' IFR, Keike is considering listing in Hong Kong and plans to raise about US $2 billion. It has hired<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Take the lead in listing matters. In this regard, Keike said that the company currently has no relevant plans.</p><p><a href=\"https://laohu8.com/S/JD\">JD.com</a>It rose 2.6% before the market, and recently<a href=\"https://laohu8.com/S/JD\">JD.com</a>Announcing a new round of personnel appointments, Xu Lei was appointed as the new president of JD.com.</p><p>Among other star Chinese concept stocks,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up more than 5%,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Rose more than 4%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>、<a href=\"https://laohu8.com/S/TAL\">TAL</a>、<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Rose more than 3%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Up more than 2%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up more than 1%.</p><p>Blockchain concept stocks rose collectively before the market opened,<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>Rose more than 4%,<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>Bit Digital, SOS,<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Rose more than 3%,<a href=\"https://laohu8.com/S/BTCM\">BitMining</a>Riot Blockchain Up more than 2%,<a href=\"https://laohu8.com/S/FTFT\">Future FinTech</a>Marathon Digital Up more than 1%. Bitcoin once approached the $53,000 mark today. At the same time, the Salvadoran Parliament passed a bill on June 9, approving the Bitcoin as the country's legal tender. The bill officially came into effect 90 days later, on September 7 (today). El Salvador became the first country in the world to officially recognize the Bitcoin as legal tender.</p><p>Novavax rose more than 2% before the market, and Japan will buy 150 million doses of COVID-19 vaccine.</p><p>Moderna fell 1.6% before the market. It is reported that Moderna's COVID-19 vaccine booster shot may be delayed in approval.</p><p>Dating software Match Group (MTCH.N) rose more than 12%. The stock will join the S&P 500 index, effective September 20.</p><p><a href=\"https://laohu8.com/S/AA\">Alcoa</a>It rose more than 3% before the market. The recent coup in Guinea has caused the industry to worry about the disruption of aluminum ore supply.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c7da52addfd52fb216bcf87283f43750","relate_stocks":{"TTTN":"老虎中美互联网巨头ETF","JD":"京东","QNETCN":"纳斯达克中美互联网老虎指数","09626":"哔哩哔哩-W","BILI":"哔哩哔哩","BEKE":"贝壳","NCTY":"第九城市"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160286543","content_text":"摘要：美国三大股指期货上涨，热门中概股盘前齐齐上涨，B站涨超5%，拼多多、网易、贝壳涨超4%；比特币今日一度逼近53000美元关口，亿邦国际、第九城市等区块链概念股集体“躁动”。\n\n9月7日，美国三大股指期货上涨，截至发稿，道指期货涨0.02%；标普500指数期货涨0.08%；纳斯达克100指数期货涨0.15%。热门中概股盘前普遍向好，贝壳盘前涨超4%，据路透旗下IFR，贝壳考虑于香港上市，计划筹资约20亿美元，已聘请高盛牵头负责上市事宜。对此贝壳方面表示，公司目前没有相关计划。\n京东盘前上涨2.6%，近日京东宣布新一轮人事任命，徐雷获委任为京东集团新任总裁。\n其它明星中概股中，哔哩哔哩涨超5%，拼多多、网易涨超4%，爱奇艺、好未来、高途涨超3%，新东方、阿里巴巴、滴滴涨超2%，蔚来、小鹏汽车、理想汽车涨超1%。\n区块链概念股盘前集体上涨，亿邦国际涨超4%，第九城市、Bit Digital、SOS、嘉楠科技涨超3%，比特矿业、Riot Blockchain涨超2%，未来金融科技、Marathon Digital涨超1%。比特币今日盘中一度逼近53000美元关口。同时，萨尔瓦多议会6月9日曾通过一项法案，批准将比特币作为该国法定货币，该法案于90天后即9月7日(今日)正式生效。萨尔瓦多成为世界上首个正式承认比特币为法定货币的国家。\n诺瓦瓦克斯盘前涨超2%，日本将购买1.5亿剂新冠疫苗。\nModerna盘前跌1.6%，据悉Moderna的新冠疫苗加强针可能将延后批准。\n约会软件Match Group(MTCH.N)涨超12%，该股将加入标普500指数，9月20日生效。\n美国铝业盘前涨超3%，近日几内亚发生政变，引起行业对铝矿供应受阻担忧。","news_type":1,"symbols_score_info":{"QNETCN":0.9,"BILI":0.9,"NCTY":0.9,"TTTN":0.9,"JD":0.9,"09626":0.9,"BEKE":0.9}},"isVote":1,"tweetType":1,"viewCount":3397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814730613,"gmtCreate":1630884338932,"gmtModify":1676530409539,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"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/814730613","repostId":"814418821","repostType":1,"repost":{"id":814418821,"gmtCreate":1630858285963,"gmtModify":1676530407240,"author":{"id":"3564205595315610","authorId":"3564205595315610","name":"Fei2","avatar":"https://static.tigerbbs.com/31547e7cf82c22e0a1fb334986b7ae6f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564205595315610","idStr":"3564205595315610"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814418821","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2508,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814618713,"gmtCreate":1630811878432,"gmtModify":1676530399178,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/814618713","repostId":"2164680809","repostType":4,"repost":{"id":"2164680809","kind":"news","pubTimestamp":1630810038,"share":"https://ttm.financial/m/news/2164680809?lang=en_US&edition=fundamental","pubTime":"2021-09-05 10:47","market":"hk","language":"zh","title":"Is Xiaomi \"Foxconnization\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2164680809","media":"华尔街见闻","summary":"小米自诞生以来便一直强调其极致的性价比，雷军曾表示小米硬件综合利润率不超过5%，但小米生态链公司的毛利却不低。\n主要是受益于代工模式，公司本身不承担制造生产成本，通过挤压代工厂利润来实现增值，与此同时","content":"<p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once said that the comprehensive profit margin of Xiaomi hardware does not exceed 5%, but the gross profit of Xiaomi ecological chain companies is not low.</p><p>Mainly benefiting from the OEM model, the company itself does not bear the manufacturing cost, and achieves value-added by squeezing the profits of the OEM. At the same time, Xiaomi also earns a share.</p><p>For a long time, Foxconn, the leading OEM, has extended to the upstream of the industrial chain through holding holdings to build a profitable Great Wall.</p><p><img src=\"https://static.tigerbbs.com/ae37174cdd7bc25d06393d5c9ab63a5e\" tg-width=\"1080\" tg-height=\"721\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>01</b></p><p><b>Is Xiaomi's low gross profit a gimmick?</b></p><p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once shouted that the comprehensive profit margin of Xiaomi hardware should not exceed 5%. If there is any excess, all the excess will be returned to users.</p><p>According to Xiaomi's 2020 financial report, its<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The gross profit margin of mobile phones is 8.7%. After deducting various expenses, the hardware is really not profitable.</p><p>Not only Xiaomi itself, but also the gross profit margin of Mijia products sold by Xiaomi Ecological Chain Company is not high, which is mainly determined by the cooperation model.</p><p>The cooperation between Xiaomi Ecological Chain Company and Xiaomi is mainly based on the cost price procurement/profit sharing model. Under this model, the company sells Xiaomi customized products to Xiaomi according to the cost price, and the products are finally sold externally through various channels of Xiaomi. The profits generated are divided according to the proportion agreed by both parties.</p><p><a href=\"https://laohu8.com/S/688169\">Stone Technology</a>In its prospectus, the gross profit margin of Xiaomi's ecological chain model company is listed. The gross profit margin of Mijia products under Roborock Technology is 13.58%, and the gross profit margin of electric scooters produced by another No. 9 Intelligent company is 15.39%.</p><p><img src=\"https://static.tigerbbs.com/3ccc0fd2f91479bb7e95a6ca6356aeb7\" tg-width=\"1037\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in recent years, as Xiaomi ecological chain companies have been listed one after another, the company is gradually seeking to \"de-Xiaomi\" to improve its profitability.</p><p>The latest semi-annual report released by Roborock Technology shows that the company achieved revenue of 2.348 billion yuan in the first half of the year, an increase of 32.19% over the same period last year; The net profit was 651 million yuan, an increase of 41.57% over the same period last year, and the gross sales profit margin was 50.74%.</p><p>In view of the performance growth, the reason given by the company is that the company has gradually expanded its own brand sales channels, and the sales proportion of its own brand products with higher gross profit has increased from 86.25% to 98.23%. At the same time, the continuous expansion of overseas business has also improved profitability.</p><p>Figure: Roborock Technology's gross sales profit margin and net sales profit margin</p><p><img src=\"https://static.tigerbbs.com/901972a18e0f775440d0485953729b09\" tg-width=\"735\" tg-height=\"454\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p><b>02</b></p><p><b>The Secret Behind Gross Profit</b></p><p>On the one hand, private brands with higher gross profits began to set up the stage to sing operas; on the other hand, it also benefited from Roborock Technology's finding two foundries for itself.</p><p>According to Roborock Technology's listing prospectus, all Roborock Technology's products are produced using commissioned processing methods, and it does not have its own production base. Before 2018, Roborock Technology's main foundry was<a href=\"https://laohu8.com/S/300207\">Sunwoda</a>In 2018, Roborock Technology introduced Dongguan Great Wall as the second OEM, but Sunwoda's proportion is still close to 90%.</p><p>It is worth mentioning that Sunwoda is also a supplier of Xiaomi mobile phones.</p><p><img src=\"https://static.tigerbbs.com/2543c440cca89d0b47bf2095c32f48ab\" tg-width=\"1031\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In the cost structure of Roborock Technology, raw materials and outsourcing processing fees account for the bulk, and it does not bear the manufacturing and production costs. Roborock Technology only needs to do a good job in design and research and development, and most of the hard work is handed over to the foundry.</p><p>According to the smile curve theory, the production link is a low gross profit margin, and this is indeed the case. The gross profit margin of Roborock Technology, which successfully outsourced the manufacturing and production process, can reach 50%, while the gross profit margin of Sunwoda is only 16.64%.</p><p><img src=\"https://static.tigerbbs.com/2d64b670e6efed9dcd6a5bb85ffc2311\" tg-width=\"1070\" tg-height=\"465\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In addition, according to the company's ownership structure, Tianjin Jinmi and Shunwei are both Lei Jun's \"Xiaomi Department\", which means that Xiaomi also has a share in the money made by Roborock Technology through subcontracting.</p><p><img src=\"https://static.tigerbbs.com/5c1b98af7350b7e3f205a05ffcf30290\" tg-width=\"814\" tg-height=\"378\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Coincidentally, Sunwoda is also included in the supplier list of No. 9 Smart, another Xiaomi ecological chain company.</p><p>No. 9 Intelligent disclosed in its prospectus that the company's product production mainly adopts the parallel mode of independent production and OEM production, of which OEM production is mainly carried out by foundries such as Sunwoda. In the 2019s, the number of products produced by factories accounted for 49.75%, of which Sunwoda accounted for 81.13%.</p><p><img src=\"https://static.tigerbbs.com/4a327ee44e71f6b06c949e57b061ef8f\" tg-width=\"1004\" tg-height=\"425\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Perhaps because No. 9 Intelligent still undertakes half of the production tasks, its gross profit margin is not as eye-catching as Roborock Technology. The gross profit margin in the past five years has basically been stable at around 25%, but it is still about 10 percentage points higher than its foundry.</p><p>Figure:<a href=\"https://laohu8.com/S/689009\">Nine Company</a>Gross sales margin and net sales margin</p><p><img src=\"https://static.tigerbbs.com/1cb15f3deed6695e3543ed0e7e55bc69\" tg-width=\"730\" tg-height=\"441\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>The operating conditions of the above two Xiaomi eco-chain companies reveal the mystery behind Xiaomi's ultimate cost performance. Although its own hardware does not make money, it can achieve value-added by squeezing the profits of foundries. At this point, Xiaomi's Internet model is practiced It's in place to find suppliers to cooperate with foundries, and act as a channel to earn a share from it.</p><p>It is precisely because it wants to maintain the return of profits from the industrial chain that Xiaomi reserves a certain decision-making right for suppliers of ecological chain companies. The prospectuses of the two companies mentioned that under the existing cooperation model, according to the agreement, the company needs to inform Xiaomi in advance when replacing key components and assembly suppliers of products.</p><p><b>03</b></p><p><b>Foxconn model?</b></p><p>In fact, the layer-by-layer foundry model is not unique to Xiaomi. Foxconn, the originator of foundries, has already begun to work hard on the supply chain.</p><p>As the OEM leader in the global electronics industry, Foxconn's revenue can be said to be at the giant level. In 2020, Hon Hai will achieve revenue of 1.2 trillion yuan, but its gross profit margin will remain at around 6% all year round.</p><p>Figure: Hon Hai gross profit margin and net profit margin</p><p><img src=\"https://static.tigerbbs.com/4cfe50d59737042e462374f04d0aab1b\" tg-width=\"710\" tg-height=\"446\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>It is not easy to maintain this meager profit in the increasingly fierce competition, and Foxconn relies on strong cost control and supply chain management capabilities. Benefiting from its own scale advantages, Foxconn extends to the upstream of the industrial chain and builds a great wall of profitability.</p><p>With<a href=\"https://laohu8.com/S/601138\">Fii Industrial</a>For example, according to its prospectus, the company's purchase of PCBs, connectors and other components from related parties, as well as molds and other products accounted for 7.29%.</p><p>Among them, Pengding, one of the suppliers of PCB with the largest amount of raw material purchases (accounting for up to 40% of the cost), is indirectly controlled by Hon Hai's subsidiary.</p><p><img src=\"https://static.tigerbbs.com/ce4ba8b7a30974c91a1887558e6cf45a\" tg-width=\"869\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Foxconn not only acts as a purchaser, but also as a controlling party. Its subsidiaries can be found in many aspects from materials to components.</p><p>With such a relationship, even in the links with higher gross profit, Foxconn has the capital to reduce the quotation, control the procurement cost and \"rush for gold\" from the industrial chain.</p><p>After long-term accumulation, Foxconn has built its own supply chain. According to estimates by T.Rowe Price, an American asset management company, Foxconn's own parts account for more than 30% of its ex-factory value, while another major electronics OEM manufacturer Singapore Wei<a href=\"https://laohu8.com/S/LTRX\">Innovation</a>This ratio is about 10-15%.</p>","source":"highlight_wallstreetcn","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>Is Xiaomi \"Foxconnization\"?</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\">\nIs Xiaomi \"Foxconnization\"?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-09-05 10:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once said that the comprehensive profit margin of Xiaomi hardware does not exceed 5%, but the gross profit of Xiaomi ecological chain companies is not low.</p><p>Mainly benefiting from the OEM model, the company itself does not bear the manufacturing cost, and achieves value-added by squeezing the profits of the OEM. At the same time, Xiaomi also earns a share.</p><p>For a long time, Foxconn, the leading OEM, has extended to the upstream of the industrial chain through holding holdings to build a profitable Great Wall.</p><p><img src=\"https://static.tigerbbs.com/ae37174cdd7bc25d06393d5c9ab63a5e\" tg-width=\"1080\" tg-height=\"721\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>01</b></p><p><b>Is Xiaomi's low gross profit a gimmick?</b></p><p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once shouted that the comprehensive profit margin of Xiaomi hardware should not exceed 5%. If there is any excess, all the excess will be returned to users.</p><p>According to Xiaomi's 2020 financial report, its<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The gross profit margin of mobile phones is 8.7%. After deducting various expenses, the hardware is really not profitable.</p><p>Not only Xiaomi itself, but also the gross profit margin of Mijia products sold by Xiaomi Ecological Chain Company is not high, which is mainly determined by the cooperation model.</p><p>The cooperation between Xiaomi Ecological Chain Company and Xiaomi is mainly based on the cost price procurement/profit sharing model. Under this model, the company sells Xiaomi customized products to Xiaomi according to the cost price, and the products are finally sold externally through various channels of Xiaomi. The profits generated are divided according to the proportion agreed by both parties.</p><p><a href=\"https://laohu8.com/S/688169\">Stone Technology</a>In its prospectus, the gross profit margin of Xiaomi's ecological chain model company is listed. The gross profit margin of Mijia products under Roborock Technology is 13.58%, and the gross profit margin of electric scooters produced by another No. 9 Intelligent company is 15.39%.</p><p><img src=\"https://static.tigerbbs.com/3ccc0fd2f91479bb7e95a6ca6356aeb7\" tg-width=\"1037\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in recent years, as Xiaomi ecological chain companies have been listed one after another, the company is gradually seeking to \"de-Xiaomi\" to improve its profitability.</p><p>The latest semi-annual report released by Roborock Technology shows that the company achieved revenue of 2.348 billion yuan in the first half of the year, an increase of 32.19% over the same period last year; The net profit was 651 million yuan, an increase of 41.57% over the same period last year, and the gross sales profit margin was 50.74%.</p><p>In view of the performance growth, the reason given by the company is that the company has gradually expanded its own brand sales channels, and the sales proportion of its own brand products with higher gross profit has increased from 86.25% to 98.23%. At the same time, the continuous expansion of overseas business has also improved profitability.</p><p>Figure: Roborock Technology's gross sales profit margin and net sales profit margin</p><p><img src=\"https://static.tigerbbs.com/901972a18e0f775440d0485953729b09\" tg-width=\"735\" tg-height=\"454\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p><b>02</b></p><p><b>The Secret Behind Gross Profit</b></p><p>On the one hand, private brands with higher gross profits began to set up the stage to sing operas; on the other hand, it also benefited from Roborock Technology's finding two foundries for itself.</p><p>According to Roborock Technology's listing prospectus, all Roborock Technology's products are produced using commissioned processing methods, and it does not have its own production base. Before 2018, Roborock Technology's main foundry was<a href=\"https://laohu8.com/S/300207\">Sunwoda</a>In 2018, Roborock Technology introduced Dongguan Great Wall as the second OEM, but Sunwoda's proportion is still close to 90%.</p><p>It is worth mentioning that Sunwoda is also a supplier of Xiaomi mobile phones.</p><p><img src=\"https://static.tigerbbs.com/2543c440cca89d0b47bf2095c32f48ab\" tg-width=\"1031\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In the cost structure of Roborock Technology, raw materials and outsourcing processing fees account for the bulk, and it does not bear the manufacturing and production costs. Roborock Technology only needs to do a good job in design and research and development, and most of the hard work is handed over to the foundry.</p><p>According to the smile curve theory, the production link is a low gross profit margin, and this is indeed the case. The gross profit margin of Roborock Technology, which successfully outsourced the manufacturing and production process, can reach 50%, while the gross profit margin of Sunwoda is only 16.64%.</p><p><img src=\"https://static.tigerbbs.com/2d64b670e6efed9dcd6a5bb85ffc2311\" tg-width=\"1070\" tg-height=\"465\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In addition, according to the company's ownership structure, Tianjin Jinmi and Shunwei are both Lei Jun's \"Xiaomi Department\", which means that Xiaomi also has a share in the money made by Roborock Technology through subcontracting.</p><p><img src=\"https://static.tigerbbs.com/5c1b98af7350b7e3f205a05ffcf30290\" tg-width=\"814\" tg-height=\"378\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Coincidentally, Sunwoda is also included in the supplier list of No. 9 Smart, another Xiaomi ecological chain company.</p><p>No. 9 Intelligent disclosed in its prospectus that the company's product production mainly adopts the parallel mode of independent production and OEM production, of which OEM production is mainly carried out by foundries such as Sunwoda. In the 2019s, the number of products produced by factories accounted for 49.75%, of which Sunwoda accounted for 81.13%.</p><p><img src=\"https://static.tigerbbs.com/4a327ee44e71f6b06c949e57b061ef8f\" tg-width=\"1004\" tg-height=\"425\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Perhaps because No. 9 Intelligent still undertakes half of the production tasks, its gross profit margin is not as eye-catching as Roborock Technology. The gross profit margin in the past five years has basically been stable at around 25%, but it is still about 10 percentage points higher than its foundry.</p><p>Figure:<a href=\"https://laohu8.com/S/689009\">Nine Company</a>Gross sales margin and net sales margin</p><p><img src=\"https://static.tigerbbs.com/1cb15f3deed6695e3543ed0e7e55bc69\" tg-width=\"730\" tg-height=\"441\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>The operating conditions of the above two Xiaomi eco-chain companies reveal the mystery behind Xiaomi's ultimate cost performance. Although its own hardware does not make money, it can achieve value-added by squeezing the profits of foundries. At this point, Xiaomi's Internet model is practiced It's in place to find suppliers to cooperate with foundries, and act as a channel to earn a share from it.</p><p>It is precisely because it wants to maintain the return of profits from the industrial chain that Xiaomi reserves a certain decision-making right for suppliers of ecological chain companies. The prospectuses of the two companies mentioned that under the existing cooperation model, according to the agreement, the company needs to inform Xiaomi in advance when replacing key components and assembly suppliers of products.</p><p><b>03</b></p><p><b>Foxconn model?</b></p><p>In fact, the layer-by-layer foundry model is not unique to Xiaomi. Foxconn, the originator of foundries, has already begun to work hard on the supply chain.</p><p>As the OEM leader in the global electronics industry, Foxconn's revenue can be said to be at the giant level. In 2020, Hon Hai will achieve revenue of 1.2 trillion yuan, but its gross profit margin will remain at around 6% all year round.</p><p>Figure: Hon Hai gross profit margin and net profit margin</p><p><img src=\"https://static.tigerbbs.com/4cfe50d59737042e462374f04d0aab1b\" tg-width=\"710\" tg-height=\"446\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>It is not easy to maintain this meager profit in the increasingly fierce competition, and Foxconn relies on strong cost control and supply chain management capabilities. Benefiting from its own scale advantages, Foxconn extends to the upstream of the industrial chain and builds a great wall of profitability.</p><p>With<a href=\"https://laohu8.com/S/601138\">Fii Industrial</a>For example, according to its prospectus, the company's purchase of PCBs, connectors and other components from related parties, as well as molds and other products accounted for 7.29%.</p><p>Among them, Pengding, one of the suppliers of PCB with the largest amount of raw material purchases (accounting for up to 40% of the cost), is indirectly controlled by Hon Hai's subsidiary.</p><p><img src=\"https://static.tigerbbs.com/ce4ba8b7a30974c91a1887558e6cf45a\" tg-width=\"869\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Foxconn not only acts as a purchaser, but also as a controlling party. Its subsidiaries can be found in many aspects from materials to components.</p><p>With such a relationship, even in the links with higher gross profit, Foxconn has the capital to reduce the quotation, control the procurement cost and \"rush for gold\" from the industrial chain.</p><p>After long-term accumulation, Foxconn has built its own supply chain. According to estimates by T.Rowe Price, an American asset management company, Foxconn's own parts account for more than 30% of its ex-factory value, while another major electronics OEM manufacturer Singapore Wei<a href=\"https://laohu8.com/S/LTRX\">Innovation</a>This ratio is about 10-15%.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021090420492879ec3ab1&s=b\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ae37174cdd7bc25d06393d5c9ab63a5e","relate_stocks":{"01810":"小米集团-W"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021090420492879ec3ab1&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"2164680809","content_text":"小米自诞生以来便一直强调其极致的性价比，雷军曾表示小米硬件综合利润率不超过5%，但小米生态链公司的毛利却不低。\n主要是受益于代工模式，公司本身不承担制造生产成本，通过挤压代工厂利润来实现增值，与此同时小米也赚取了分成。\n长期以来，代工龙头富士康便是通过控股方式，向产业链上游延伸，构建盈利长城。\n01\n小米低毛利是个噱头？\n小米自诞生以来便一贯强调其极致的性价比，雷军曾喊话，小米硬件综合利润率不超过5%，如有超出部分，将超出部分全部返还给用户。\n根据小米2020年财报显示，其智能手机的毛利率为8.7%，再扣除各项费用，硬件确实不赚钱。\n不仅仅是小米自己，小米生态链公司销售的米家产品的毛利率同样也不高，这主要是由合作模式决定的。\n小米生态链公司与小米的合作以成本价采购/利润分成模式为主，在该模式下，公司按照成本价格将小米定制产品销售给小米，产品在小米的各种渠道最终实现对外销售，小米再将其产生的利润按照双方约定的比例分成。\n石头科技在其招股说明书中罗列了小米生态链模式公司的毛利率，石头科技旗下米家产品的毛利率为13.58%，另一家九号智能生产的电动滑板车的毛利率为15.39%。\n\n不过近年来随着小米生态链公司相继上市，公司也在逐步寻求“去小米化”，以提升自身盈利能力。\n石头科技最新公布的半年报显示，上半年公司实现营收23.48亿元，较上年同期增长32.19%；净利润6.51亿元，较上年同期增长41.57%，销售毛利率为50.74%。\n针对业绩增长，公司给出的原因系公司逐步拓展自有品牌销售渠道，毛利较高的自有品牌产品销售额占比由86.25%提升至98.23%，同时海外业务持续扩张也使得盈利能力得到提升。\n图：石头科技销售毛利率和销售净利率\n\n数据来源：wind\n02\n毛利背后的秘密\n一方面毛利更高的自有品牌开始搭台唱戏，另一方面也得益于石头科技给自己找了两家代工厂。\n根据石头科技上市招股说明书，石头科技的产品全部采用委托加工方式进行生产，自己并无自建生产基地，2018年之前石头科技的主要代工厂为欣旺达，2018年石头科技引入东莞长城担任第二家代工厂商，但欣旺达的占比仍接近90%。\n值得一提的是，欣旺达也同样是小米手机的供应商。\n\n数据来源：石头科技招股说明书\n在石头科技的成本构成中原材料和委外加工费是大头，其本身并不承担制造生产成本，石头科技只需要做好设计和研发工作，大部分的辛苦活都交给了代工厂。\n依据微笑曲线理论，生产环节是毛利率洼地，事实也确实如此。成功将制造生产环节外包出去的石头科技的毛利率能达到50%，而欣旺达的毛利率就只有16.64%了。\n\n数据来源：石头科技招股说明书\n另根据公司股权结构，天津金米和Shunwei两家公司均是雷军的“小米系”，也就是说石头科技通过分包赚得钱小米也都是有份的。\n\n无独有偶，在另一家小米生态链公司九号智能的供应商列表中也有欣旺达的身影。\n九号智能在其招股说明书中披露，公司的产品生产主要采用自主生产和代工生产并行的模式，其中代工生产主要由欣旺达等代工厂进行，2019年代工厂生产的产品数量占比为49.75%，其中欣旺达的占比为81.13%。\n\n或许由于九号智能仍承担着一半的生产任务，其毛利率水平并没有石头科技那么瞩目，近五年的毛利率基本稳定在25%上下，不过还是要高出其代工厂约10个百分点。\n图：九号公司销售毛利率和销售净利率\n\n数据来源：wind\n上述两家小米生态链公司的经营情况揭示了小米极致性价比背后的玄机，虽然自己的硬件不挣钱，但可以通过挤压代工厂的利润来实现增值，在这一点上小米的互联网模式践行得很到位，找到供应商和代工厂合作，自己充当渠道角色从中赚取分成。\n也正因为要守住产业链的利润回流，小米对于生态链公司的供应商保留了一定的决定权。前述两家公司的招股说明书中均提到，在现有合作模式下，按约定公司在更换产品关键零部件及组装供应商时，需提前告知小米。\n03\n富士康模式？\n事实上，层层代工模式并非小米独有，代工厂鼻祖富士康早就开始在供应链环节下功夫了。\n作为全球电子产业的代工龙头，富士康的营收可以说是巨无霸级别的，2020年鸿海实现营收1.2万亿元，但其毛利率常年维持在6%左右。\n图：鸿海毛利率和净利率\n\n数据来源：wind\n想要在日益激烈的竞争中守住这微薄的利润也不容易，而富士康仰仗的便是强大的成本管控和供应链管理能力。受益于自身的规模优势，富士康向产业链上游延伸，构筑盈利长城。\n以工业富联为例，据其招股说明书显示，公司向关联方采购的PCB、连接器等零组件，以及模具等产品的占比为7.29%。\n其中原材料采购金额最大的PCB（成本占比高达40%）的供应商之一，鹏鼎便是由鸿海子公司间接控股。\n\n富士康既充当着采购者的角色，同时又是控股方，从材料到元器件等多个环节，都可以排摸到其子公司的身影。\n有了这样一层关系，即便是在毛利较高的环节，富士康也有降低报价的资本，控制了采购成本的同时还能从产业链上“淘金”。\n长期的积累之下，富士康构建起自己的供应链。根据美国资管公司普信集团（T.Rowe Price）的估算，富士康自有零件在其出厂金额中所占的比例超过30%，而另一家电子代工大厂新加坡伟创力的该比例约为10-15%。","news_type":1,"symbols_score_info":{"48657":0.9,"48708":0.9,"48717":0.9,"48730":0.9,"48754":0.9,"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":2763,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812474033,"gmtCreate":1630621410222,"gmtModify":1676530356187,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/812474033","repostId":"1138015825","repostType":4,"repost":{"id":"1138015825","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":1630581909,"share":"https://ttm.financial/m/news/1138015825?lang=en_US&edition=fundamental","pubTime":"2021-09-02 19:25","market":"us","language":"zh","title":"Foreign media: Apple plans to launch \"Apple Car\" in 2024","url":"https://stock-news.laohu8.com/highlight/detail?id=1138015825","media":"老虎资讯综合","summary":"目前正在访问韩国和日本的汽车制造商。也和中国的锂电池供应商进行了会谈。","content":"<p>According to Apple Insider:<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It plans to launch an \"Apple Car\" in 2024 and is currently visiting automakers in South Korea and Japan.</p><p>According to 21 Finance, Apple has contacted a number of Korean electric vehicle parts manufacturers regarding automotive projects, including LG, SK Group,<a href=\"https://laohu8.com/S/HYUD.UK\">Hyundai Motors</a>, Hanwha Group, etc. In addition, Apple has also held talks with Chinese lithium battery suppliers, including<a href=\"https://laohu8.com/S/002594\">BYD</a>And<a href=\"https://laohu8.com/S/300750\">Ningde era</a>。</p><p>Apple's stock price hit a record high in intraday trading yesterday. As of press time, it rose 0.57% before the market.</p><p><img src=\"https://static.tigerbbs.com/3850b0a2a93a7f23cf93ae906f2d9dc4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Foreign media: Apple plans to launch \"Apple Car\" in 2024</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: Apple plans to launch \"Apple Car\" in 2024\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\">2021-09-02 19:25</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to Apple Insider:<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It plans to launch an \"Apple Car\" in 2024 and is currently visiting automakers in South Korea and Japan.</p><p>According to 21 Finance, Apple has contacted a number of Korean electric vehicle parts manufacturers regarding automotive projects, including LG, SK Group,<a href=\"https://laohu8.com/S/HYUD.UK\">Hyundai Motors</a>, Hanwha Group, etc. In addition, Apple has also held talks with Chinese lithium battery suppliers, including<a href=\"https://laohu8.com/S/002594\">BYD</a>And<a href=\"https://laohu8.com/S/300750\">Ningde era</a>。</p><p>Apple's stock price hit a record high in intraday trading yesterday. As of press time, it rose 0.57% before the market.</p><p><img src=\"https://static.tigerbbs.com/3850b0a2a93a7f23cf93ae906f2d9dc4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0e9c6038c922a501076310ac125cdbb5","relate_stocks":{"AAPL":"苹果"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138015825","content_text":"据Apple Insider：苹果计划在2024年推出“苹果汽车”，目前正在访问韩国和日本的汽车制造商。\n另据21财经报道，苹果就汽车项目与多家韩国电动汽车零部件制造商进行了接触，其中包括LG、SK集团、现代汽车、韩华集团等。此外，苹果也和中国的锂电池供应商进行了会谈，其中包括比亚迪和宁德时代。\n苹果股价昨日盘中创历史新高，截至发稿，盘前涨幅0.57%。","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2917,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816738019,"gmtCreate":1630534675131,"gmtModify":1676530329739,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/816738019","repostId":"1170877267","repostType":4,"repost":{"id":"1170877267","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":1630506252,"share":"https://ttm.financial/m/news/1170877267?lang=en_US&edition=fundamental","pubTime":"2021-09-01 22:24","market":"us","language":"zh","title":"Popular Chinese concept stocks collectively rose during the session, with Pinduoduo rising nearly 9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1170877267","media":"老虎资讯综合","summary":"周三，热门中概股盘中集体拉升。截至发稿，拼多多涨近9%，爱奇艺涨超8%，哔哩哔哩、新东方、滴滴涨超7%，阿里巴巴、贝壳涨4%。","content":"<p>On Wednesday, popular Chinese concept stocks collectively rose intraday. As of press time,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose nearly 9%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>Rose more than 8%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>、<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>、<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Rose more than 7%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Up 4%.</p><p><img src=\"https://static.tigerbbs.com/f78e550ae6b6f37193fc364d410cd2b7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Popular Chinese concept stocks collectively rose during the session, with Pinduoduo rising nearly 9%</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\">\nPopular Chinese concept stocks collectively rose during the session, with Pinduoduo rising nearly 9%\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\">2021-09-01 22:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Wednesday, popular Chinese concept stocks collectively rose intraday. As of press time,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Rose nearly 9%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>Rose more than 8%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>、<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>、<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Rose more than 7%,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>、<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Up 4%.</p><p><img src=\"https://static.tigerbbs.com/f78e550ae6b6f37193fc364d410cd2b7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e42c16a083ab273c19aaae21cdb697a0","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","PDD":"拼多多"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170877267","content_text":"周三，热门中概股盘中集体拉升。截至发稿，拼多多涨近9%，爱奇艺涨超8%，哔哩哔哩、新东方、滴滴涨超7%，阿里巴巴、贝壳涨4%。","news_type":1,"symbols_score_info":{"PDD":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":2941,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818016566,"gmtCreate":1630365893355,"gmtModify":1676530279710,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818016566","repostId":"1128135952","repostType":4,"repost":{"id":"1128135952","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":1630364751,"share":"https://ttm.financial/m/news/1128135952?lang=en_US&edition=fundamental","pubTime":"2021-08-31 07:05","market":"us","language":"zh","title":"Apple's stock price hits record high, with a market value of over $2.5 trillion","url":"https://stock-news.laohu8.com/highlight/detail?id=1128135952","media":"老虎资讯综合","summary":"8月31日，苹果收涨3.04%，创下今年3月以来最大单日涨幅，报153.12美元刷新历史新高，最新总市值超25000亿美元，达25352亿美元。\n据悉，新的iPhone 13将在9月份发布，其相较于去","content":"<p>August 31,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It closed up 3.04%, the largest one-day increase since March this year, setting a record high of US $153.12. The latest total market value exceeded US $2.5 trillion, reaching US $2,535.2 billion.</p><p>It is reported that the new iPhone 13 will be released in September. Compared with the production capacity of 75 million units of the iPhone 12 series last year, the iPhone 13 has increased by 15 million units this year (the production of new phones will increase to 90 million units before the end of this year), and demand has increased. 20%.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>Analyst Ming-Chi Kuo's latest research report predicts that the iPhone 13 hardware specifications can support low-orbit satellite communications. If Apple turns on relevant software functions, users can also make calls and send messages through satellite communications when they are not within 4G/5G coverage.</p><p><img src=\"https://static.tigerbbs.com/ec225ec6777c2f7866708ae43467f465\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's stock price hits record high, with a market value of over $2.5 trillion</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\">\nApple's stock price hits record high, with a market value of over $2.5 trillion\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\">2021-08-31 07:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>August 31,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It closed up 3.04%, the largest one-day increase since March this year, setting a record high of US $153.12. The latest total market value exceeded US $2.5 trillion, reaching US $2,535.2 billion.</p><p>It is reported that the new iPhone 13 will be released in September. Compared with the production capacity of 75 million units of the iPhone 12 series last year, the iPhone 13 has increased by 15 million units this year (the production of new phones will increase to 90 million units before the end of this year), and demand has increased. 20%.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>Analyst Ming-Chi Kuo's latest research report predicts that the iPhone 13 hardware specifications can support low-orbit satellite communications. If Apple turns on relevant software functions, users can also make calls and send messages through satellite communications when they are not within 4G/5G coverage.</p><p><img src=\"https://static.tigerbbs.com/ec225ec6777c2f7866708ae43467f465\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/40ec3def981bd8ed848cbde61f044f04","relate_stocks":{"AAPL":"苹果"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128135952","content_text":"8月31日，苹果收涨3.04%，创下今年3月以来最大单日涨幅，报153.12美元刷新历史新高，最新总市值超25000亿美元，达25352亿美元。\n据悉，新的iPhone 13将在9月份发布，其相较于去年iPhone 12系列的7500万部产能，iPhone 13今年增加了1500万部（今年年底之前新机产量提高到9000万部），需求增长了20%。天风证券分析师郭明錤最新研报预测，iPhone 13硬件规格可支援低轨道卫星通讯，若苹果开启相关软件功能，则当使用者不在4G/5G覆盖范围内时，也能透过卫星通讯通话与传讯。","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811023283,"gmtCreate":1630279236542,"gmtModify":1676530253600,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/811023283","repostId":"2163776240","repostType":4,"isVote":1,"tweetType":1,"viewCount":885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813046989,"gmtCreate":1630116485941,"gmtModify":1676530228634,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/813046989","repostId":"2162073849","repostType":4,"repost":{"id":"2162073849","kind":"highlight","weMediaInfo":{"introduction":"վ'ᴗ' ի 追踪AI行业和技术动态，这里更快一步！关注我们，回复“今天”，更多大新闻等你来发现","home_visible":1,"media_name":"量子位","id":"1099700113","head_image":"https://static.tigerbbs.com/85c2c404af2f47a0ba492a15caf7cb80"},"pubTimestamp":1630114454,"share":"https://ttm.financial/m/news/2162073849?lang=en_US&edition=fundamental","pubTime":"2021-08-28 09:34","market":"sh","language":"zh","title":"iPhone 13 is destined to not be cheap, and TSMC has taken the blame ahead of time","url":"https://stock-news.laohu8.com/highlight/detail?id=2162073849","media":"量子位","summary":"梦晨 发自 凹非寺量子位 报道 | 公众号 QbitAIiPhone13马上就要发售之际，台积电突然宣布芯片涨价。最新消息，台积电计划将7nm及以下先进制程芯片涨价10%，成熟制程芯片涨价20%。目前，苹果是台积电最大的客户之一，iPhone系列所用的芯片正是由台积电代工生产。不少外媒预测，将在9月发布的iPhone13系列价格可能随之上涨。台积电二季度公布的净销售额为133亿美元，净利润48亿美元，净利润率达36%。但预计第三季度情况进一步恶化，影响恐怕会蔓延至iPhone生产线。","content":"<p>As the iPhone 13 is about to be released,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Suddenly announce<b>Chip price increase</b>。</p><p>The latest news,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Plan to increase the price of advanced process chips of 7nm and below<b>10%</b>, price increase of mature process chips<b>20%</b>。</p><p>For customers who have been notified, the price increase<b>Effective immediately</b>。</p><p>As soon as the news came out, speculation about the price of the upcoming new iPhone was also rampant.</p><p>At present,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It is one of TSMC's largest customers, and the chips used in the iPhone series are manufactured by TSMC.</p><p>Many foreign media predict that the price of the iPhone 13 series to be released in September may rise accordingly.<img src=\"https://static.tigerbbs.com/e6b0dc4b3c6f4baea547cf0984b8caaf\" tg-width=\"800\" tg-height=\"450\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Neither a spokesperson for TSMC nor TSMC commented on the matter.</p><p><h2>Why did TSMC raise prices?</h2>In early August, TSMC announced that the price of 80nm process LCD driver chips would increase by 20%. This time, the prices of all product lines increased across the board.</p><p>According to analysis by the Wall Street Journal, the reason for TSMC's price increase has a dual purpose.</p><p><b>In the short term</b>In the context of a global chip shortage, rising prices will depress demand and prevent customers from overbooking.</p><p>Thus reserving supply for customers who really need chips and have no choice.</p><p><b>Long-term</b>, increasing prices and increasing revenue can help TSMC invest in building new production capacity.</p><p>TSMC announced net sales of US $13.3 billion in the second quarter, net profit of US $4.8 billion, and net profit margin of 36%.</p><p>But we have to invest more.</p><p>TSMC will invest US $100 billion in new factories and research and development in the next three years, twice what it has invested in the past three years.</p><p>It has been confirmed that Nanjing 28nm wafer fab will expand production, investment of 12 billion to build a factory in Arizona, USA, and opening Japan's first chip factory in Kumamoto Prefecture, Japan.</p><p>In addition to mature production lines, TSMC's 3nm process will also enter mass production in the second half of next year, and the 2nm process will be mass-produced after 2024. The investment amount and research and development difficulty of this advanced process will increase exponentially.</p><p><h2>What does Apple say?</h2>At the end of July, Apple CEO Cook said that the seriousness of the previous chip shortage was lower than expected, which mainly affected the production of Macs and iPads, resulting in a decrease in revenue of US $3 billion to US $4 billion last quarter.</p><p>However, it is expected that the situation will deteriorate further in the third quarter, and the impact may spread to the iPhone production line.</p><p>Anyway, according to Apple's tradition, it will hold a press conference in September.<img src=\"https://static.tigerbbs.com/6d30e6a35a9d40799d177fb3c4255e3a\" tg-width=\"1080\" tg-height=\"608\" referrerpolicy=\"no-referrer\">The latest rumor is that a press conference will be held on September 14, reservations will be accepted on September 17, and shipments will be made on September 24.</p><p>The time is also very close, and whether the price will increase or not will be announced soon.</p><p>Reference link: [1] https://www.wsj.com/articles/worlds-largest-chip-maker-to-raise-prices-threatening-costlier-electronics-11629978308? mod = djemalertNEWS [2] https://asia.nikkei.com/Business/Tech/Semiconductors/TSMC-hikes-chip-prices-up-to-20-amid-supply-shortage [3] https://www.tomsguide.com/news/iphone-13-release-date-tipped-for-september-17-according-to-new-report</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>iPhone 13 is destined to not be cheap, and TSMC has taken the blame ahead of time</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\">\niPhone 13 is destined to not be cheap, and TSMC has taken the blame ahead of time\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1099700113\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/85c2c404af2f47a0ba492a15caf7cb80);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">量子位 </p>\n<p class=\"h-time smaller\">2021-08-28 09:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>As the iPhone 13 is about to be released,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Suddenly announce<b>Chip price increase</b>。</p><p>The latest news,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Plan to increase the price of advanced process chips of 7nm and below<b>10%</b>, price increase of mature process chips<b>20%</b>。</p><p>For customers who have been notified, the price increase<b>Effective immediately</b>。</p><p>As soon as the news came out, speculation about the price of the upcoming new iPhone was also rampant.</p><p>At present,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It is one of TSMC's largest customers, and the chips used in the iPhone series are manufactured by TSMC.</p><p>Many foreign media predict that the price of the iPhone 13 series to be released in September may rise accordingly.<img src=\"https://static.tigerbbs.com/e6b0dc4b3c6f4baea547cf0984b8caaf\" tg-width=\"800\" tg-height=\"450\" referrerpolicy=\"no-referrer\"><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Neither a spokesperson for TSMC nor TSMC commented on the matter.</p><p><h2>Why did TSMC raise prices?</h2>In early August, TSMC announced that the price of 80nm process LCD driver chips would increase by 20%. This time, the prices of all product lines increased across the board.</p><p>According to analysis by the Wall Street Journal, the reason for TSMC's price increase has a dual purpose.</p><p><b>In the short term</b>In the context of a global chip shortage, rising prices will depress demand and prevent customers from overbooking.</p><p>Thus reserving supply for customers who really need chips and have no choice.</p><p><b>Long-term</b>, increasing prices and increasing revenue can help TSMC invest in building new production capacity.</p><p>TSMC announced net sales of US $13.3 billion in the second quarter, net profit of US $4.8 billion, and net profit margin of 36%.</p><p>But we have to invest more.</p><p>TSMC will invest US $100 billion in new factories and research and development in the next three years, twice what it has invested in the past three years.</p><p>It has been confirmed that Nanjing 28nm wafer fab will expand production, investment of 12 billion to build a factory in Arizona, USA, and opening Japan's first chip factory in Kumamoto Prefecture, Japan.</p><p>In addition to mature production lines, TSMC's 3nm process will also enter mass production in the second half of next year, and the 2nm process will be mass-produced after 2024. The investment amount and research and development difficulty of this advanced process will increase exponentially.</p><p><h2>What does Apple say?</h2>At the end of July, Apple CEO Cook said that the seriousness of the previous chip shortage was lower than expected, which mainly affected the production of Macs and iPads, resulting in a decrease in revenue of US $3 billion to US $4 billion last quarter.</p><p>However, it is expected that the situation will deteriorate further in the third quarter, and the impact may spread to the iPhone production line.</p><p>Anyway, according to Apple's tradition, it will hold a press conference in September.<img src=\"https://static.tigerbbs.com/6d30e6a35a9d40799d177fb3c4255e3a\" tg-width=\"1080\" tg-height=\"608\" referrerpolicy=\"no-referrer\">The latest rumor is that a press conference will be held on September 14, reservations will be accepted on September 17, and shipments will be made on September 24.</p><p>The time is also very close, and whether the price will increase or not will be announced soon.</p><p>Reference link: [1] https://www.wsj.com/articles/worlds-largest-chip-maker-to-raise-prices-threatening-costlier-electronics-11629978308? mod = djemalertNEWS [2] https://asia.nikkei.com/Business/Tech/Semiconductors/TSMC-hikes-chip-prices-up-to-20-amid-supply-shortage [3] https://www.tomsguide.com/news/iphone-13-release-date-tipped-for-september-17-according-to-new-report</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6d30e6a35a9d40799d177fb3c4255e3a","relate_stocks":{"AAPL":"苹果","03145":"华夏亚洲高息股","TSM":"台积电","EWT":"台湾ETF-iShares MSCI"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162073849","content_text":"iPhone13马上就要发售之际，台积电突然宣布芯片涨价。\n最新消息，台积电计划将7nm及以下先进制程芯片涨价10%，成熟制程芯片涨价20%。\n对于已经接到通知的客户，涨价立即生效。\n消息一出，关于即将要到来的新款iPhone价格猜测也甚嚣尘上。\n目前，苹果是台积电最大的客户之一，iPhone系列所用的芯片正是由台积电代工生产。\n不少外媒预测，将在9月发布的iPhone13系列价格可能随之上涨。苹果和台积电发言人都没有就此事发表评论。\n台积电为什么涨价？\n在8月初，台积电就宣布80nm制程的LCD驱动芯片将涨价20%，这一次更是各产品线价格全面上涨。\n据华尔街日报分析，台积电涨价的原因有双重目的。\n短期来看，全球芯片短缺的背景下，价格上涨会压低需求，防止有客户超额预定。\n从而为真正需要芯片、别无选择的客户保留供应量。\n长期来看，涨价提高收入可以帮助台积电投建新的产能。\n台积电二季度公布的净销售额为133亿美元，净利润48亿美元，净利润率达36%。\n但要投入的更多。\n台积电将在未来3年投入1000亿美元用于新建工厂和研发，是过去3年投入的两倍之多。\n已经确定的有南京28nm晶圆厂扩产，在美国亚利桑那州投资120亿建厂，以及在日本熊本县开设日本首家芯片工厂。\n除了成熟的产线，台积电3nm制程也将于明年下半年进入量产，2nm制程会在2024年后量产，这种先进制程的投资金额和研发难度都会呈指数级上升。\n苹果怎么说？\n7月底时苹果CEO库克称，此前芯片短缺问题严重性低于预期，主要影响到了Mac与iPad的生产，导致上季营收减少了30亿-40亿美元。\n但预计第三季度情况进一步恶化，影响恐怕会蔓延至iPhone生产线。\n不管怎么说，按苹果的传统会在9月份召开发布会。最新传言是9月14日开发布会，9月17日开始接受预定，9月24日发货。\n时间也很近了，到底涨不涨价马上就会揭晓。\n参考链接：[1]https://www.wsj.com/articles/worlds-largest-chip-maker-to-raise-prices-threatening-costlier-electronics-11629978308?mod=djemalertNEWS[2]https://asia.nikkei.com/Business/Tech/Semiconductors/TSMC-hikes-chip-prices-up-to-20-amid-supply-shortage[3]https://www.tomsguide.com/news/iphone-13-release-date-tipped-for-september-17-according-to-new-report","news_type":1,"symbols_score_info":{"TSM":0.9,"AAPL":0.9,"03145":0.9,"TWmain":0.9,"EWT":0.9}},"isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810772744,"gmtCreate":1630020193088,"gmtModify":1676530199819,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810772744","repostId":"2162161090","repostType":4,"isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837013699,"gmtCreate":1629847531011,"gmtModify":1676530147532,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"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/837013699","repostId":"2161848230","repostType":2,"isVote":1,"tweetType":1,"viewCount":654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838741315,"gmtCreate":1629432228537,"gmtModify":1676530039611,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/838741315","repostId":"2160799393","repostType":4,"isVote":1,"tweetType":1,"viewCount":639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830927263,"gmtCreate":1629003072452,"gmtModify":1676529908887,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/830927263","repostId":"1142153860","repostType":4,"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896918097,"gmtCreate":1628551275219,"gmtModify":1703507843975,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/896918097","repostId":"1189888282","repostType":4,"repost":{"id":"1189888282","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":1628549563,"share":"https://ttm.financial/m/news/1189888282?lang=en_US&edition=fundamental","pubTime":"2021-08-10 06:52","market":"us","language":"zh","title":"AMC Cinemas Q2 revenue of US $445 million exceeded expectations, and once rose by more than 9% after hours.","url":"https://stock-news.laohu8.com/highlight/detail?id=1189888282","media":"老虎资讯综合","summary":"周一美股收盘后，AMC院线公布了2021年第二季度财报。因营收及净亏损好于预期，该股在盘后交易中一度涨逾9%。\n\n财报显示，公司第二季度营收4.45亿美元，市场预期为3.82亿美元，去年同期为1900","content":"<p>After U.S. stocks closed on Monday,<a href=\"https://laohu8.com/S/AMC\">AMC Cinemas</a>Announced its second quarter 2021 financial results. The stock rose more than 9% in after-hours trading due to better-than-expected revenue and net loss.</p><p><img src=\"https://static.tigerbbs.com/e08de01e164dbd877efa3387c2436ae4\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p><p>The financial report shows that the company's revenue in the second quarter was US $445 million, compared with market expectations of US $382 million, and US $19 million in the same period last year; The net loss in the second quarter was US $344 million, and the net loss per share was US $0.71, compared with market expectations of US $0.94; As of the end of the second quarter, the company held a total of $1.811 billion in cash; The company also said it plans to start accepting Bitcoin payments before the end of the year.</p><p><img src=\"https://static.tigerbbs.com/7f938af7c85a1594b7dd55fddf1184c6\" tg-width=\"1099\" tg-height=\"640\" referrerpolicy=\"no-referrer\"></p><p>In the second quarter, AMC Cinemas had 17.801 million seats in the U.S. market, 4.267 million seats in the international market, and 22.068 million seats in total. The average ticket price in the US market is $10.9, the average ticket price in the international market is $9.12, and the combined average ticket price is $10.56. The average consumption of food and drinks per moviegoer in the US market is $7.91, the average consumption of food and drinks per moviegoer in the international market is $4.85, and the comprehensive average consumption of food and drinks per moviegoer is $7.32.</p><p>As of June 30, 2021, AMC operated 593 domestic theaters across the United States, as well as 335 international theaters, accounting for 95% of its international theaters. The company said most of its international cinemas were suspended in the first two months of the second quarter and didn't reopen until early June.</p><p>Adam Aron, AMC Chairman and CEO, said: \"The second quarter of 2021 was a transitional period for AMC, and we raised another $1.25 billion in new equity (before commissions and fees) this quarter, bringing our quarter-end liquidity More than $2 billion (including cash and undrawn revolving credit facilities), which is approximately double the record such high in the company's more than 100-year history.\"</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>AMC Cinemas Q2 revenue of US $445 million exceeded expectations, and once rose by more than 9% after hours.</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\">\nAMC Cinemas Q2 revenue of US $445 million exceeded expectations, and once rose by more than 9% after hours.\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\">2021-08-10 06:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>After U.S. stocks closed on Monday,<a href=\"https://laohu8.com/S/AMC\">AMC Cinemas</a>Announced its second quarter 2021 financial results. The stock rose more than 9% in after-hours trading due to better-than-expected revenue and net loss.</p><p><img src=\"https://static.tigerbbs.com/e08de01e164dbd877efa3387c2436ae4\" tg-width=\"898\" tg-height=\"894\" referrerpolicy=\"no-referrer\"></p><p>The financial report shows that the company's revenue in the second quarter was US $445 million, compared with market expectations of US $382 million, and US $19 million in the same period last year; The net loss in the second quarter was US $344 million, and the net loss per share was US $0.71, compared with market expectations of US $0.94; As of the end of the second quarter, the company held a total of $1.811 billion in cash; The company also said it plans to start accepting Bitcoin payments before the end of the year.</p><p><img src=\"https://static.tigerbbs.com/7f938af7c85a1594b7dd55fddf1184c6\" tg-width=\"1099\" tg-height=\"640\" referrerpolicy=\"no-referrer\"></p><p>In the second quarter, AMC Cinemas had 17.801 million seats in the U.S. market, 4.267 million seats in the international market, and 22.068 million seats in total. The average ticket price in the US market is $10.9, the average ticket price in the international market is $9.12, and the combined average ticket price is $10.56. The average consumption of food and drinks per moviegoer in the US market is $7.91, the average consumption of food and drinks per moviegoer in the international market is $4.85, and the comprehensive average consumption of food and drinks per moviegoer is $7.32.</p><p>As of June 30, 2021, AMC operated 593 domestic theaters across the United States, as well as 335 international theaters, accounting for 95% of its international theaters. The company said most of its international cinemas were suspended in the first two months of the second quarter and didn't reopen until early June.</p><p>Adam Aron, AMC Chairman and CEO, said: \"The second quarter of 2021 was a transitional period for AMC, and we raised another $1.25 billion in new equity (before commissions and fees) this quarter, bringing our quarter-end liquidity More than $2 billion (including cash and undrawn revolving credit facilities), which is approximately double the record such high in the company's more than 100-year history.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0ee61f3102969f347b6aec27973133fc","relate_stocks":{"AMC":"AMC院线"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189888282","content_text":"周一美股收盘后，AMC院线公布了2021年第二季度财报。因营收及净亏损好于预期，该股在盘后交易中一度涨逾9%。\n\n财报显示，公司第二季度营收4.45亿美元，市场预期为3.82亿美元，去年同期为1900万美元；第二季度净亏损为3.44亿美元，每股净亏损为0.71美元，市场预期为0.94美元；截至第二季度末，公司共持有18.11亿美元现金；该公司还表示，计划在年底前开始接受比特币支付。\n\nAMC院线二季度美国市场的上座数为1780.1万人，国际市场的上座数为426.7万人，综合上座数为2206.8万人。美国市场平均票价为10.9美元，国际市场平均票价为9.12美元，综合平均票价为10.56美元。美国市场上平均每位观影者在食物及饮料上的消费为7.91美元，国际市场上平均每位观影者在食物及饮料上的消费为4.85美元，综合平均每位观影者在食物及饮料上的消费为7.32美元。\n截至2021年6月30日，AMC经营着全美593家国内影院，以及335家国际影院，占其国际影院的95%。公司表示，其大部分国际影院在第二季度的前两个月暂停营业，直到6月初才重新开业。\nAMC主席兼首席执行官Adam Aron表示：“2021年第二季度对AMC来说是转型期，我们本季度又筹集了12.5亿美元的新股本(未计入佣金和费用)，使我们的季度末流动资金超过20亿美元(包括现金和未提取的循环信贷额度)，这大约是公司100多年历史上此类最高纪录的两倍。”","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800966220,"gmtCreate":1627272714960,"gmtModify":1703486469107,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/800966220","repostId":"2154677958","repostType":4,"isVote":1,"tweetType":1,"viewCount":439,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147751433,"gmtCreate":1626392772822,"gmtModify":1703759142830,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/147751433","repostId":"1182732821","repostType":4,"isVote":1,"tweetType":1,"viewCount":798,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145822473,"gmtCreate":1626218422992,"gmtModify":1703755580632,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/145822473","repostId":"2151569582","repostType":4,"isVote":1,"tweetType":1,"viewCount":683,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":133750966,"gmtCreate":1621813268655,"gmtModify":1704362537778,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/133750966","repostId":"2137827351","repostType":4,"isVote":1,"tweetType":1,"viewCount":581,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346746318,"gmtCreate":1618118183434,"gmtModify":1704706779210,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"Yap","listText":"Yap","text":"Yap","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/346746318","repostId":"1142324412","repostType":4,"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":887927150,"gmtCreate":1631962215770,"gmtModify":1676530679109,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/887927150","repostId":"2168571021","repostType":4,"isVote":1,"tweetType":1,"viewCount":3700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811023283,"gmtCreate":1630279236542,"gmtModify":1676530253600,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"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13:44","market":"us","language":"zh","title":"Xiaomi entered the game to build cars, but it brought out a new \"contempt chain\" for job hunting in the auto industry","url":"https://stock-news.laohu8.com/highlight/detail?id=1167256448","media":"全天候科技","summary":"一边是科技造车企业高薪招聘的信息不断更新，一边却是大量求职人员被拒之门外。“小米们”到底在找什么样的人？王珂在向这些科技造车企业求职时的感受，“传统车企好像就是传统守旧、思想僵化的代名词。”随着以小米为代表的科技企业入局造车，它们重金“招兵买马”的消息不断传出，这似乎让汽车从业人员有了更多“跳槽”的机会。","content":"<p>On the one hand, the information of high-paying recruitment of technology car manufacturers is constantly updated, but on the other hand, a large number of job seekers are turned away. What kind of people are \"millets\" looking for? Who is the talent who does not hesitate to spend more than one million annual salary to dig the corner? Kelly (pseudonym) is a marketing management member of a new energy vehicle brand from a traditional domestic car company. Recently, he wanted to take advantage of the trend of technology car manufacturing to change the \"runway\", so he paid attention to Xiaomi, 360, Jidu, etc. Many technology companies have announced job opportunities for car manufacturing. But what he didn't expect was that after looking around, he found that his choice was very small.</p><p>\"People from (traditional) automobile (enterprise) backgrounds are not very popular.\" Kelly's feelings when applying for jobs from these technology car manufacturers, \"Traditional car companies seem to be synonymous with traditional conservatism and rigid thinking.\" Kelly said somewhat helplessly.</p><p>Chen Fan (pseudonym), who has also worked in traditional car companies for many years and is responsible for vehicle tuning, and his colleagues have recently paid great attention to the opportunities of new car technology companies. \"There are many people waiting and watching now,\" Chen Fan said. But according to Chen Fan, up to now, no colleagues around me have been able to enter these new technology companies.</p><p>\"They (technology companies) despise people from traditional car companies, and they all want to engage in software.\" At this point, Chen Fan and Kelly have similar feelings.</p><p>As technology companies represented by Xiaomi enter the market to build cars, news of their heavy \"recruitment\" continues to spread, which seems to give automobile employees more opportunities to \"change jobs\". But the reality is not the case.</p><p>A screenshot of his conversation with the company provided by a job seeker on the Internet confirms the \"rejection\" of talents from traditional car companies by technology car companies from another aspect: \"This is Jidu (<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>A joint venture with Geely), but I think you are in SAIC Volkswagen, right? Jidu made it clear that it doesn't want traditional cars. \"</p><p>However, the heroic \"meal ticket\" issued by Xiaomi still makes many car companies eager to move. \"Now the normal recruitment of all new companies is a salary increase of 10%-30%. People who are very good can talk about it themselves.\" A job seeker from a traditional car company said. And according to<a href=\"https://laohu8.com/S/SINA\">SINA</a>According to financial reports, the recommendation bonus of 360 Auto Recruitment alone totals hundreds of thousands of yuan.</p><p>According to a data exclusively provided to the Economic Observer by the workplace social platform Maimai, according to statistics, among new car companies, the number of people in the automotive circle plan to go to Didi is the largest, and the number of interactions is the highest; Followed by<a href=\"https://laohu8.com/S/LI\">Li Auto</a>, the third place is Jidu Automobile, a cooperation between Baidu and Geely, and the fourth place is Xiaomi Automobile.</p><p>On the one hand, the information of high-paying recruitment of technology car manufacturers is constantly updated, but on the other hand, a large number of job seekers are turned away. What kind of people are \"millets\" looking for? Who is the talent who does not hesitate to spend more than one million annual salary to dig the corner?</p><p><b>1、</b><b><b>Selective \"poaching corners\"</b></b></p><p>While the employees of traditional car companies are \"cold reception\" when applying for jobs, new car companies have become the key direction for technology car companies to \"poach people\".</p><p>In May<a href=\"https://laohu8.com/S/NIO\">Nio</a>At the press conference of the car, Li Bin, founder and chairman of Nio, said with emotion, \"There are too many people poaching us recently, and there is no way. We have to hide all the information of our colleagues.\" Because at that time, Baidu, Xiaomi, Didi, etc. have successively announced the construction of cars, which is considered to be the beginning of the war between technology companies and new car companies such as \"Wei Xiaoli\" to grab people. Compared with traditional car companies, these two types of companies are considered to be more advanced and advanced in car manufacturing concepts and technologies.</p><p>It is worth pondering that just a few years ago, \"Wei Xiaoli\" was still a \"poacher\". He once poached people from traditional car companies with high salaries, but now their employees have become \"sweet cakes\" in the eyes of technology car companies. \". According to reports, Zhu Jiang, former vice president of Nio Automobile User Development, may join Didi to build cars. In order to retain talents, information revealed that new car manufacturers have also begun to take actions, either signing more non-competition agreements or increasing employee stock ownership, in order to resist Xiaomi's \"poaching\".</p><p>\"This (poaching people) is normal. Now the industry needs it (talents) at a speed far faster than it supplies. When there is no water in the'pool ', can't you go to others to find water?\" Steven, who works in a new car company, said. \"If there is the right opportunity, of course it will be considered, so why not?\" Steven said.</p><p>It is worth noting that the obstacles encountered by employees of traditional car companies in applying for jobs do not mean that new technology car companies are completely disinterested in talents from traditional car companies. Some senior managers are still the targets of new technology car companies.</p><p>Recently, some media broke the news that Xiaomi Motors offered hundreds of millions of sky-high prices to \"poach corners\"<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Hu Zhengnan, president of the research institute, and Hu Zhengnan will also leave Geely to join Xiaomi in building cars. But then Hu Zhennan refuted rumors in the circle of friends. Geely insiders said that Hu Zhengnan's \"position (at Geely Research Institute) was removed, but there is no news about whether he left or not.\" In addition, other information shows that Didi once looked for a person at the vice president level, and the salary offered exceeded one million levels, which is more than three times that of traditional car companies.</p><p>Due to bringing a lot of money into the game, technology car-making companies generally spend a lot of money in order to quickly form teams. Zhou Hongluo, founder and chairman of 360 Group, even personally posted hero posts on social media, saying that \"the company is fully liberalized and fully supported in terms of salary and benefits.</p><p>It is worth noting that the positions that \"Xiaomi\" are now open are mainly focused on autonomous driving research and development. Judging from the recruitment information released by Xiaomi, it involves 20 positions including autonomous driving data platform, vehicle infrastructure, decision-making planning, and millimeter wave algorithm. The positions that 360 is seeking include perception fusion algorithms, software architecture, information security,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Driving development and other positions.</p><p>This shows that technology car companies are more focused on the research and development of core technologies such as autonomous driving, so current employees in this field may get more \"job-hopping\" opportunities.</p><p>According to the speeches of certified users on Maimai, these enterprises mainly attract them in terms of salary. In addition, some job seekers claim to be \"rice noodles\" and play emotional cards.</p><p><b>2、</b><b><b>New employment \"contempt chain\"</b></b></p><p>As participants from all sides are in place one after another, the car-making camp continues to expand, and the factions gradually become clear. In this process, a default employment \"contempt chain\" in the industry has been formed.</p><p>On the Maimai platform, automobile practitioners generally agree that the ranking of job hunting choices is: first-and second-tier new car manufacturers, new brands incubated by traditional car companies, traditional OEMs, and second-and third-tier new car manufacturers. Among these companies, cutting-edge technology research and development positions such as autonomous driving are even better.</p><p>Therefore, practitioners who join the autonomous driving industry are considered to be \"ashore\". Zhao Jun (a pseudonym) is one of the \"lucky ones\". Zhao Jun is 25 years old, just a few years after graduation, and now works as an unmanned project engineer in a technology company. Prior to this, he worked briefly in a traditional car company.</p><p>Zhao Jun recalled that when he applied for a job, the current company was just recruiting, and the requirements for the richness of experience were low. \"During the interview, I asked about the use of some commonly used tools for testing in the automotive industry, as well as some simple tool programming.\" After successfully joining the company, Zhao Jun did outsourced adas (advanced driver assistance system) testing in the company.</p><p>Zhao Jun said that he decided to join the current company, except because his previous work content in traditional car companies changed frequently, and he was overwhelmed. Another opportunity was that he saw a video of the CEO of a well-known company's views on future autonomous driving, which made him deeply touched. \"In addition, the wages of traditional car companies are too low, and there is almost no salary increase.\" Zhao Jun said that after he came to this company, the salary level and salary increase system were better than those of traditional car companies.</p><p>\"More importantly, I have been exposed to more things, my horizons have broadened, and I can see the future trend more clearly.\" Based on this, Zhao Jun can accept the longer working hours of the company now. \"Before the big and small weeks, it later became a full break, and the arrangement was particularly full.\"</p><p>If he changes jobs again, Zhao Jun said he would choose new car companies, Internet companies, or autonomous driving<a href=\"https://laohu8.com/S/V03.SI\">Startups</a>。 \"There is no other reason. I feel that companies with these backgrounds pay more.\"</p><p>Regarding whether to consider new technology car manufacturing companies such as Xiaomi, Zhao Jun said, \"I have considered it, but at present, they have little experience in the industry and can't get in. What they need are basically old people who have started with three years of experience, and they can work when they come. Now the industry is developing too fast, and they all hope to commercialize it quickly. No company is too willing to spend time training people, so they may not go at present.\"</p><p>Although he is considered to be at the top of the \"contempt chain\" of employment, Zhao Jun said that his colleagues are currently waiting to see more opportunities. \"(Colleagues change jobs) change frequently, and (the willingness to change jobs) is also very strong. They should consider more autonomous driving startups and new forces. They rarely hear of anyone returning to traditional car companies like Great Wall and Geely..\"</p><p>But not everyone is eager for Xiaomi's car manufacturing, and some automobile practitioners show \"no feeling\" for technology car manufacturing companies. Steven from a new car company said that if it wasn't a company he was optimistic about, he wouldn't go even if he was poached with a high salary.</p><p>\"This matter (joining a technology car-making company) is actually not in my consideration for the time being. Because I think that if you join a company, you want to grow up with him more. In an industry, if you can't do it deeply and thoroughly, your personal value will not be significantly improved.\" In Steven, 40, the higher salary of technology car-making companies is no longer the first attraction for him. Steven joined the current new car manufacturer in 2019. Before that, he worked for a technology company.</p><p>For those who want to switch jobs to technology car manufacturers such as Xiaomi, Steven suggested that they can observe again. \"Most of Xiaomi's current open jobs are related to these industries related to intelligent driving, so we still don't know whether there are demands for the traditional powertrain direction and interior and exterior decoration direction. After all, we don't know what form Xiaomi will take to make its first car. It is uncertain whether it starts from scratch or cooperates with OEM.\" Steven said that under different manufacturing modes, the positions recruited by \"Xiaomi\" will also be very different. At present, there are many targets of Xiaomi OEM scandals, but none of them have been determined.</p><p>At present, new car manufacturers are still entering the game, and the car manufacturing track will be unprecedentedly fierce. This means that the \"people-grabbing war\" in the automobile circle will become more and more fierce.</p><p>Xia Yiping, CEO of Jidu Automobile, said in April this year that the current core team of Jidu Automobile is about 100 people, and plans to expand to 2,500-3,000 people by the end of next year. And these people will undoubtedly come from other corporate talent pools. How to maintain its talent pool in this new wave of car manufacturing has become an issue that every enterprise needs to carefully consider.</p>","source":"qthkj","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>Xiaomi entered the game to build cars, but it brought out a new \"contempt chain\" for job hunting in the auto industry</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\">\nXiaomi entered the game to build cars, but it brought out a new \"contempt chain\" for job hunting in the auto industry\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">全天候科技</strong><span class=\"h-time small\">2021-06-26 13:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On the one hand, the information of high-paying recruitment of technology car manufacturers is constantly updated, but on the other hand, a large number of job seekers are turned away. What kind of people are \"millets\" looking for? Who is the talent who does not hesitate to spend more than one million annual salary to dig the corner? Kelly (pseudonym) is a marketing management member of a new energy vehicle brand from a traditional domestic car company. Recently, he wanted to take advantage of the trend of technology car manufacturing to change the \"runway\", so he paid attention to Xiaomi, 360, Jidu, etc. Many technology companies have announced job opportunities for car manufacturing. But what he didn't expect was that after looking around, he found that his choice was very small.</p><p>\"People from (traditional) automobile (enterprise) backgrounds are not very popular.\" Kelly's feelings when applying for jobs from these technology car manufacturers, \"Traditional car companies seem to be synonymous with traditional conservatism and rigid thinking.\" Kelly said somewhat helplessly.</p><p>Chen Fan (pseudonym), who has also worked in traditional car companies for many years and is responsible for vehicle tuning, and his colleagues have recently paid great attention to the opportunities of new car technology companies. \"There are many people waiting and watching now,\" Chen Fan said. But according to Chen Fan, up to now, no colleagues around me have been able to enter these new technology companies.</p><p>\"They (technology companies) despise people from traditional car companies, and they all want to engage in software.\" At this point, Chen Fan and Kelly have similar feelings.</p><p>As technology companies represented by Xiaomi enter the market to build cars, news of their heavy \"recruitment\" continues to spread, which seems to give automobile employees more opportunities to \"change jobs\". But the reality is not the case.</p><p>A screenshot of his conversation with the company provided by a job seeker on the Internet confirms the \"rejection\" of talents from traditional car companies by technology car companies from another aspect: \"This is Jidu (<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>A joint venture with Geely), but I think you are in SAIC Volkswagen, right? Jidu made it clear that it doesn't want traditional cars. \"</p><p>However, the heroic \"meal ticket\" issued by Xiaomi still makes many car companies eager to move. \"Now the normal recruitment of all new companies is a salary increase of 10%-30%. People who are very good can talk about it themselves.\" A job seeker from a traditional car company said. And according to<a href=\"https://laohu8.com/S/SINA\">SINA</a>According to financial reports, the recommendation bonus of 360 Auto Recruitment alone totals hundreds of thousands of yuan.</p><p>According to a data exclusively provided to the Economic Observer by the workplace social platform Maimai, according to statistics, among new car companies, the number of people in the automotive circle plan to go to Didi is the largest, and the number of interactions is the highest; Followed by<a href=\"https://laohu8.com/S/LI\">Li Auto</a>, the third place is Jidu Automobile, a cooperation between Baidu and Geely, and the fourth place is Xiaomi Automobile.</p><p>On the one hand, the information of high-paying recruitment of technology car manufacturers is constantly updated, but on the other hand, a large number of job seekers are turned away. What kind of people are \"millets\" looking for? Who is the talent who does not hesitate to spend more than one million annual salary to dig the corner?</p><p><b>1、</b><b><b>Selective \"poaching corners\"</b></b></p><p>While the employees of traditional car companies are \"cold reception\" when applying for jobs, new car companies have become the key direction for technology car companies to \"poach people\".</p><p>In May<a href=\"https://laohu8.com/S/NIO\">Nio</a>At the press conference of the car, Li Bin, founder and chairman of Nio, said with emotion, \"There are too many people poaching us recently, and there is no way. We have to hide all the information of our colleagues.\" Because at that time, Baidu, Xiaomi, Didi, etc. have successively announced the construction of cars, which is considered to be the beginning of the war between technology companies and new car companies such as \"Wei Xiaoli\" to grab people. Compared with traditional car companies, these two types of companies are considered to be more advanced and advanced in car manufacturing concepts and technologies.</p><p>It is worth pondering that just a few years ago, \"Wei Xiaoli\" was still a \"poacher\". He once poached people from traditional car companies with high salaries, but now their employees have become \"sweet cakes\" in the eyes of technology car companies. \". According to reports, Zhu Jiang, former vice president of Nio Automobile User Development, may join Didi to build cars. In order to retain talents, information revealed that new car manufacturers have also begun to take actions, either signing more non-competition agreements or increasing employee stock ownership, in order to resist Xiaomi's \"poaching\".</p><p>\"This (poaching people) is normal. Now the industry needs it (talents) at a speed far faster than it supplies. When there is no water in the'pool ', can't you go to others to find water?\" Steven, who works in a new car company, said. \"If there is the right opportunity, of course it will be considered, so why not?\" Steven said.</p><p>It is worth noting that the obstacles encountered by employees of traditional car companies in applying for jobs do not mean that new technology car companies are completely disinterested in talents from traditional car companies. Some senior managers are still the targets of new technology car companies.</p><p>Recently, some media broke the news that Xiaomi Motors offered hundreds of millions of sky-high prices to \"poach corners\"<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Hu Zhengnan, president of the research institute, and Hu Zhengnan will also leave Geely to join Xiaomi in building cars. But then Hu Zhennan refuted rumors in the circle of friends. Geely insiders said that Hu Zhengnan's \"position (at Geely Research Institute) was removed, but there is no news about whether he left or not.\" In addition, other information shows that Didi once looked for a person at the vice president level, and the salary offered exceeded one million levels, which is more than three times that of traditional car companies.</p><p>Due to bringing a lot of money into the game, technology car-making companies generally spend a lot of money in order to quickly form teams. Zhou Hongluo, founder and chairman of 360 Group, even personally posted hero posts on social media, saying that \"the company is fully liberalized and fully supported in terms of salary and benefits.</p><p>It is worth noting that the positions that \"Xiaomi\" are now open are mainly focused on autonomous driving research and development. Judging from the recruitment information released by Xiaomi, it involves 20 positions including autonomous driving data platform, vehicle infrastructure, decision-making planning, and millimeter wave algorithm. The positions that 360 is seeking include perception fusion algorithms, software architecture, information security,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Driving development and other positions.</p><p>This shows that technology car companies are more focused on the research and development of core technologies such as autonomous driving, so current employees in this field may get more \"job-hopping\" opportunities.</p><p>According to the speeches of certified users on Maimai, these enterprises mainly attract them in terms of salary. In addition, some job seekers claim to be \"rice noodles\" and play emotional cards.</p><p><b>2、</b><b><b>New employment \"contempt chain\"</b></b></p><p>As participants from all sides are in place one after another, the car-making camp continues to expand, and the factions gradually become clear. In this process, a default employment \"contempt chain\" in the industry has been formed.</p><p>On the Maimai platform, automobile practitioners generally agree that the ranking of job hunting choices is: first-and second-tier new car manufacturers, new brands incubated by traditional car companies, traditional OEMs, and second-and third-tier new car manufacturers. Among these companies, cutting-edge technology research and development positions such as autonomous driving are even better.</p><p>Therefore, practitioners who join the autonomous driving industry are considered to be \"ashore\". Zhao Jun (a pseudonym) is one of the \"lucky ones\". Zhao Jun is 25 years old, just a few years after graduation, and now works as an unmanned project engineer in a technology company. Prior to this, he worked briefly in a traditional car company.</p><p>Zhao Jun recalled that when he applied for a job, the current company was just recruiting, and the requirements for the richness of experience were low. \"During the interview, I asked about the use of some commonly used tools for testing in the automotive industry, as well as some simple tool programming.\" After successfully joining the company, Zhao Jun did outsourced adas (advanced driver assistance system) testing in the company.</p><p>Zhao Jun said that he decided to join the current company, except because his previous work content in traditional car companies changed frequently, and he was overwhelmed. Another opportunity was that he saw a video of the CEO of a well-known company's views on future autonomous driving, which made him deeply touched. \"In addition, the wages of traditional car companies are too low, and there is almost no salary increase.\" Zhao Jun said that after he came to this company, the salary level and salary increase system were better than those of traditional car companies.</p><p>\"More importantly, I have been exposed to more things, my horizons have broadened, and I can see the future trend more clearly.\" Based on this, Zhao Jun can accept the longer working hours of the company now. \"Before the big and small weeks, it later became a full break, and the arrangement was particularly full.\"</p><p>If he changes jobs again, Zhao Jun said he would choose new car companies, Internet companies, or autonomous driving<a href=\"https://laohu8.com/S/V03.SI\">Startups</a>。 \"There is no other reason. I feel that companies with these backgrounds pay more.\"</p><p>Regarding whether to consider new technology car manufacturing companies such as Xiaomi, Zhao Jun said, \"I have considered it, but at present, they have little experience in the industry and can't get in. What they need are basically old people who have started with three years of experience, and they can work when they come. Now the industry is developing too fast, and they all hope to commercialize it quickly. No company is too willing to spend time training people, so they may not go at present.\"</p><p>Although he is considered to be at the top of the \"contempt chain\" of employment, Zhao Jun said that his colleagues are currently waiting to see more opportunities. \"(Colleagues change jobs) change frequently, and (the willingness to change jobs) is also very strong. They should consider more autonomous driving startups and new forces. They rarely hear of anyone returning to traditional car companies like Great Wall and Geely..\"</p><p>But not everyone is eager for Xiaomi's car manufacturing, and some automobile practitioners show \"no feeling\" for technology car manufacturing companies. Steven from a new car company said that if it wasn't a company he was optimistic about, he wouldn't go even if he was poached with a high salary.</p><p>\"This matter (joining a technology car-making company) is actually not in my consideration for the time being. Because I think that if you join a company, you want to grow up with him more. In an industry, if you can't do it deeply and thoroughly, your personal value will not be significantly improved.\" In Steven, 40, the higher salary of technology car-making companies is no longer the first attraction for him. Steven joined the current new car manufacturer in 2019. Before that, he worked for a technology company.</p><p>For those who want to switch jobs to technology car manufacturers such as Xiaomi, Steven suggested that they can observe again. \"Most of Xiaomi's current open jobs are related to these industries related to intelligent driving, so we still don't know whether there are demands for the traditional powertrain direction and interior and exterior decoration direction. After all, we don't know what form Xiaomi will take to make its first car. It is uncertain whether it starts from scratch or cooperates with OEM.\" Steven said that under different manufacturing modes, the positions recruited by \"Xiaomi\" will also be very different. At present, there are many targets of Xiaomi OEM scandals, but none of them have been determined.</p><p>At present, new car manufacturers are still entering the game, and the car manufacturing track will be unprecedentedly fierce. This means that the \"people-grabbing war\" in the automobile circle will become more and more fierce.</p><p>Xia Yiping, CEO of Jidu Automobile, said in April this year that the current core team of Jidu Automobile is about 100 people, and plans to expand to 2,500-3,000 people by the end of next year. And these people will undoubtedly come from other corporate talent pools. How to maintain its talent pool in this new wave of car manufacturing has become an issue that every enterprise needs to carefully consider.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/DnyQ7n4h8IL2H4ni81x-hw\">全天候科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/edb5904d62b10798f760277be625646d","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://mp.weixin.qq.com/s/DnyQ7n4h8IL2H4ni81x-hw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167256448","content_text":"一边是科技造车企业高薪招聘的信息不断更新，一边却是大量求职人员被拒之门外。“小米们”到底在找什么样的人？到底谁才是他们不惜拿出超百万年薪挖墙角的人才？\n\n王珂（化名）是一位来自国内某传统车企新能源汽车品牌的营销管理层人员，最近他想趁着科技造车的风口换个“跑道”，因此留意了包括小米、360、集度等多家宣布造车的科技公司工作机会。但让他没想到的是，看了一圈后，他发现自己的选择空间非常小。\n“（传统）汽车（企业）出身的人都不太受待见。”王珂在向这些科技造车企业求职时的感受，“传统车企好像就是传统守旧、思想僵化的代名词。”王珂有些无奈地表示。\n同样在传统车企工作多年，负责车辆调教工作的陈凡（化名）和他的同事们，近期也非常关注新造车科技公司的机会，“现在观望的人很多”，陈凡说。但据陈凡透露，截至目前身边还没有同事能够进入这些新科技公司。\n“他们（科技公司）看不上传统车企的人，都要搞软件的。”在这一点上，陈凡与王珂有着相似的感受。\n随着以小米为代表的科技企业入局造车，它们重金“招兵买马”的消息不断传出，这似乎让汽车从业人员有了更多“跳槽”的机会。但现实情况却并非如此。\n网络上一张由求职者提供的其与企业的对话截图，从另一个侧面印证着科技造车公司对传统车企人才的“排斥”：“这边是集度（百度和吉利的合资公司），但是我看你是在上汽大众是吧，集度明确表示不要传统汽车的。”\n但小米们开出的豪迈“饭票”，还是让众多车企人士蠢蠢欲动。“现在所有新企业正常招聘都是涨薪10%-30%，很牛的人就自己谈喽。”一位来自某传统车企的求职人士表示。而据新浪财经报道，360汽车招聘仅岗位的推荐奖金就共计达数十万元。\n由职场社交平台脉脉独家提供给经济观察报的一份数据显示，据统计，在新造车企业中，汽车圈里计划去滴滴的人最多，互动数量最高；其次是理想汽车，第三名是百度和吉利合作的集度汽车，第四名是小米汽车。\n一边是科技造车企业高薪招聘的信息不断更新，一边却是大量求职人员被拒之门外。“小米们”到底在找什么样的人？到底谁才是他们不惜拿出超百万年薪挖墙角的人才？\n1、选择性“挖角”\n在传统车企从业人员求职遭“冷遇”的同时，新造车企业却成了科技造车企业“挖人”的重点方向。\n在5月蔚来汽车的发布会上，蔚来创始人、董事长李斌感慨，“最近挖我们的人实在太多了，没办法，我们要把同事的信息都隐藏一下。”由于彼时正值百度、小米、滴滴等陆续宣布造车，这被认为是科技公司和“蔚小理”等新造车企业抢人大战的开始。与传统车企相比，这两类企业在造车理念和技术上被认为更加先进和超前。\n值得玩味的是，就在几年前，“蔚小理”还是“挖角者”的角色，曾高薪从传统车企挖人，而如今他们的员工也成了科技造车公司眼中的“香饽饽”。据报道，原蔚来汽车用户发展副总裁朱江或将加盟滴滴造车。而为了留住人才，有信息透露，新造车企业也已开始采取行动，或增加签订竞业协议，或增加员工持股，以此抵抗小米们的“挖墙脚”。\n“这（挖人）是很正常的，现在这个行业需要着它（人才）的速度已经远远超过了它供给的速度。当‘水池子’里没有水的时候，不得去别人那儿去找水喝吗？”在某新造车企业任职的Steven说。“如果有合适的机会，当然会考虑，为什么不呢？”Steven说。\n值得注意的是，传统车企从业人员求职遇阻，并不意味着科技新造车企业对传统车企的人才完全不感兴趣。一些高层管理人员，仍然是科技新造车企业的目标。\n近日有媒体爆料，小米汽车开出上亿天价“挖角”吉利汽车研究院院长胡峥楠，胡峥楠也将离开吉利加盟小米造车。但随后胡峥楠在朋友圈辟谣。吉利内部人员表示，胡峥楠“（在吉利研究院的）职位撤了，不过走没走还没有消息。”此外，另有信息显示，滴滴曾寻找副总级别的人物，开出的待遇超百万级，是传统车企的三倍以上。\n由于携重金入局，科技造车公司为了迅速组建团队普遍出手阔绰。360集团创始人、董事长周鸿掉更是亲自在社交媒体上广发英雄帖，表示“公司在薪酬待遇方面全面放开、全力支持。\n值得注意的是，“小米”们如今开放的岗位，主要是集中在自动驾驶研发等方面。从小米发布的招聘信息看，涉及自动驾驶数据平台、车载基础架构、决策规划、毫米波算法等20个岗位。360重金寻求的职位则包括感知融合算法、软件架构、信息安全、智能驾驶开发等岗位。\n这表明科技造车公司更加聚焦自动驾驶等核心技术的研发，因此当前这方面的从业人员可能获得更多的“跳槽”机会。\n而根据认证用户在脉脉上的发言，这些企业吸引他们的地方主要是在薪资方面，另外也有求职者自称是“米粉”，打出情怀牌。\n2、新从业“鄙视链”\n随着各方参与者陆续到位，造车阵营持续扩大，且派系逐渐分明。在这个过程中，形成了一条业内默认的就职“鄙视链”。\n在脉脉平台上，汽车从业者普遍认同，求职选择的优劣排序是：一二线新造车企业、传统车企孵化的新品牌、传统主机厂、二三线新造车企业。而在这些企业中，自动驾驶等前沿科技研发岗位更胜一筹。\n因此，加入自动驾驶行业的从业人员被认为是“上了岸”。赵钧（化名）是其中一个“幸运儿”。赵钧今年25岁，毕业刚几年，现在某科技企业担任无人驾驶项目工程师。在此之前，他在一家传统车企短暂工作。\n赵钧回忆称，自己求职时，现在的公司刚好在招聘，而且对于经验的丰富性要求较低。“面试时问了一些汽车行业测试常用工具的使用情况，以及一些简单的工具编程情况。”成功入职后，赵钧在公司做外包adas（高级驾驶辅助系统）测试。\n赵钧表示，决定进入现在这家公司，除了因为之前在传统车企的工作内容变更频繁，有些招架不住，另一个契机是其看到了一家知名公司CEO对未来自动驾驶看法的视频，这让他深受触动。“另外就是，传统车企的工资实在太低了，而且几乎不会涨薪。”赵钧说，他来到这家公司后，薪资水平和涨薪制度都优于传统车企。\n“更重要的是，我接触的东西多了，眼界开拓了，能够更清晰地看清未来的趋势。”基于此，赵钧能够接受现在公司较长的工作时长。“之前大小周，后来变成全单休，安排得特别满。”\n如果再换工作的话，赵钧称会选择新造车企业、互联网公司，或者自动驾驶创业公司。“原因无它，感觉这些背景的公司给的工钱更多。”\n对于是否考虑小米这类新科技造车公司，赵钧表示“考虑过，但目前来说，入行经验少，进不去，他们需要的基本都是三年经验起步的老人，来了就可以干活，现在行业发展太快，都希望可以快速落地商业化，没有公司太愿意花时间培养人，所以目前来说可能不会去。”\n尽管被认为已经处于从业“鄙视链”较顶端的位置，但赵钧说，他的同事们目前也在观望更多的机会。“（同事换工作）变动很频繁，（跳槽的意愿）也很强烈，他们对自动驾驶初创公司和新势力应该考虑的更多，很少听说有谁又回到长城吉利类的传统车企。”\n但并非所有人都对小米造车趋之若鹜，一些汽车从业人员对科技造车企业表现出“无感”。来自某新造车企业的Steven就表示，如果不是自己看好的公司，就算是被高薪挖，也不会去。\n“这个事（加入科技造车企业）其实暂时还不在我的考虑之内。因为我觉得，你如果加入一家企业，更多的是希望能够跟他一块成长。一个行业，如果你没有能够把做深做透的话，你的个人价值是不会得到非常明显提升的。”在40岁的Steven看来，科技造车企业更高的薪资对他而言已经不是第一吸引力。Steven2019年加入现在的新造车企业，在此之前就职于某科技公司。\n对于想跳槽到小米等科技造车企业的人，Steven建议可以再观察一下。“小米现在open的岗位大多和智能驾驶相关的这些行业有关，那么对于传统的动力总成方向、内外饰方向是不是有诉求我们还不知道，毕竟现在也不知道小米会以什么样的形式去做它的第一款车，是从0开始，还是合作代工都不确定。”Steven表示，在不同的制造模式下，“小米”们招聘的岗位也会非常不同。目前，小米代工绯闻对象不少，但均未确定。\n目前来看，新的造车者还在不断入局，造车赛道也将空前激烈。这意味着汽车圈的“抢人大战”将越来越激烈。\n集度汽车CEO夏一平在今年4月表示，当前集度汽车核心团队约100人，到明年年底计划扩大到2500-3000人。而这些人无疑将来源于其它企业人才库。如何在这波造车新浪潮中守住自己的人才储备，已成为每个企业都需要慎重考虑的问题。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181085033,"gmtCreate":1623367471722,"gmtModify":1704201649782,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/181085033","repostId":"2142227762","repostType":4,"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885471658,"gmtCreate":1631830690874,"gmtModify":1676530644753,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6b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10:40","market":"us","language":"zh","title":"Reminder: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd","url":"https://stock-news.laohu8.com/highlight/detail?id=1100031374","media":"老虎资讯综合","summary":"2021年中秋节假期即将来临！各主要市场休市安排如下：港股：\n\n\n9月22日（周三）休市。9月23日（周四）起照常开市。\n\n\nA股：\n\n\n9月20日（周一）至9月21日（周二）休市。9月22日（周三）起照常开市。\n\n\n美股、英股、澳股、新加坡股市照常交易。\n\n\n沪股通和深股通：\n\n\n9月17日（周五）至9月22日（周三）关闭。9月23日（周四）起照常开通。\n\n\n港股通：\n\n\n9月16日（周四）至9月22日（周三）关闭。9月23日（周四）起照常开通。","content":"<p>The 2021 Mid-Autumn Festival holiday is upon us! The closing arrangements of major markets are as follows:<img src=\"https://static.tigerbbs.com/a514042f0cc485274181ed3db4bcf541\" tg-width=\"1103\" tg-height=\"746\" width=\"100%\" height=\"auto\"><b>Hong Kong stocks:</b></p><p>The market is closed on Wednesday, September 22. The market will open as usual from September 23rd (Thursday).</p><p><b>A shares:</b></p><p>Closed from Monday, September 20th to Tuesday, September 21st. The market will open as usual from September 22nd (Wednesday).</p><p><b>U.S. stocks, British stocks, Australian stocks and Singapore stock markets traded as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed Friday, September 17-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed Thursday, September 16-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><img src=\"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9\" tg-width=\"2048\" tg-height=\"1311\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd</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: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd\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\">2021-09-14 10:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The 2021 Mid-Autumn Festival holiday is upon us! The closing arrangements of major markets are as follows:<img src=\"https://static.tigerbbs.com/a514042f0cc485274181ed3db4bcf541\" tg-width=\"1103\" tg-height=\"746\" width=\"100%\" height=\"auto\"><b>Hong Kong stocks:</b></p><p>The market is closed on Wednesday, September 22. The market will open as usual from September 23rd (Thursday).</p><p><b>A shares:</b></p><p>Closed from Monday, September 20th to Tuesday, September 21st. The market will open as usual from September 22nd (Wednesday).</p><p><b>U.S. stocks, British stocks, Australian stocks and Singapore stock markets traded as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed Friday, September 17-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed Thursday, September 16-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><img src=\"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9\" tg-width=\"2048\" tg-height=\"1311\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100031374","content_text":"2021年中秋节假期即将来临！各主要市场休市安排如下：港股：\n9月22日（周三）休市。9月23日（周四）起照常开市。\nA股：\n9月20日（周一）至9月21日（周二）休市。9月22日（周三）起照常开市。\n美股、英股、澳股、新加坡股市照常交易。\n沪股通和深股通：\n9月17日（周五）至9月22日（周三）关闭。9月23日（周四）起照常开通。\n港股通：\n9月16日（周四）至9月22日（周三）关闭。9月23日（周四）起照常开通。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2783,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830927263,"gmtCreate":1629003072452,"gmtModify":1676529908887,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/830927263","repostId":"1142153860","repostType":4,"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147751433,"gmtCreate":1626392772822,"gmtModify":1703759142830,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/147751433","repostId":"1182732821","repostType":4,"isVote":1,"tweetType":1,"viewCount":798,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141240998,"gmtCreate":1625877021614,"gmtModify":1703750203833,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/141240998","repostId":"1146550873","repostType":4,"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133592547,"gmtCreate":1621764469689,"gmtModify":1704362202541,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/133592547","repostId":"1174075999","repostType":4,"repost":{"id":"1174075999","kind":"news","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":1621607834,"share":"https://ttm.financial/m/news/1174075999?lang=en_US&edition=fundamental","pubTime":"2021-05-21 22:37","market":"us","language":"en","title":"Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1174075999","media":"Tiger Newspress","summary":"Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum fell below $2500 per coin, down more than 14%.In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social fi","content":"<p>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.</p><p>Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum&nbsp;fell below $2500 per coin, down more than 14%.</p><p>In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.</p><p>The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"</p><p><img src=\"https://static.tigerbbs.com/d135c4771b39f0a7bc8af9a06844785e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/4448bb0f18a487f50bea1c8ba9816936\" tg-width=\"414\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading</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{ 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#494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto stocks tumbled again on China's crackdown on bitcoin mining and trading\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\">2021-05-21 22:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.</p><p>Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum&nbsp;fell below $2500 per coin, down more than 14%.</p><p>In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.</p><p>The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"</p><p><img src=\"https://static.tigerbbs.com/d135c4771b39f0a7bc8af9a06844785e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/4448bb0f18a487f50bea1c8ba9816936\" tg-width=\"414\" tg-height=\"727\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"MARA Holdings","SOS":"SOS Limited","BTBT":"Bit Digital, Inc.","RIOT":"Riot Platforms","CAN":"嘉楠科技","EBON":"亿邦国际","NCTY":"第九城市","XNET":"迅雷","COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174075999","content_text":"Crypto stocks tumbled again on China's crackdown on bitcoin mining and trading.Cryptocurrencies have fallen,Bitcoin fell below $38000 per coin, down 6.65% in the day;while Ethereum fell below $2500 per coin, down more than 14%.In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system.The statement, released late Friday in China time, said it is necessary to \"crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.\"","news_type":1,"symbols_score_info":{"SOS":0.9,"SQ":0.9,"BTCM":0.9,"RIOT":0.9,"MARA":0.9,"COIN":0.9,"XNET":0.9,"CAN":0.9,"EBON":0.9,"NCTY":0.9,"BTBT":0.9}},"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104923538,"gmtCreate":1620350803324,"gmtModify":1704342362666,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"no","listText":"no","text":"no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/104923538","repostId":"1196375959","repostType":4,"isVote":1,"tweetType":1,"viewCount":562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342821697,"gmtCreate":1618200902319,"gmtModify":1704707429169,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/342821697","repostId":"2126053673","repostType":4,"isVote":1,"tweetType":1,"viewCount":558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359969444,"gmtCreate":1616322405588,"gmtModify":1704792900096,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/359969444","repostId":"1199154789","repostType":4,"repost":{"id":"1199154789","kind":"news","pubTimestamp":1616164372,"share":"https://ttm.financial/m/news/1199154789?lang=en_US&edition=fundamental","pubTime":"2021-03-19 22:32","market":"us","language":"en","title":"Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1199154789","media":"zerohedge","summary":"As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio  exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on ","content":"<p>As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.</p><blockquote>The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.</blockquote><p><img src=\"https://static.tigerbbs.com/b822960da59d651f093b5113cd0c3fd0\" tg-width=\"500\" tg-height=\"319\" referrerpolicy=\"no-referrer\">This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –<b>suggests that the Fed is “foaming the runway” for the end of SLR exemption</b>.\"</p><p>Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"<b>Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability</b>\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:</p><blockquote>The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. <b>Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.</b>To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. <b>However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.</b>The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.</blockquote><p>The Fed's soothing wods notwithstanding,<b>having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...</b></p><p><img src=\"https://static.tigerbbs.com/c341c3843a5031cd1599c2c89e198050\" tg-width=\"500\" tg-height=\"305\" referrerpolicy=\"no-referrer\">Bond yields spiked...</p><p><img src=\"https://static.tigerbbs.com/14173c1ce587fb45efe4c30ecc1dfbab\" tg-width=\"500\" tg-height=\"284\" referrerpolicy=\"no-referrer\">... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")...</p><p><img src=\"https://static.tigerbbs.com/32811183fba3dbddf1c440836298c7f3\" tg-width=\"500\" tg-height=\"602\" referrerpolicy=\"no-referrer\">.... slumped.</p><p><img src=\"https://static.tigerbbs.com/2fba41463f15e79d2b8436cdd6a526fc\" tg-width=\"500\" tg-height=\"306\" referrerpolicy=\"no-referrer\">In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,<b>banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.</b></p><blockquote>The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. <b>The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.</b></blockquote><p><img src=\"https://static.tigerbbs.com/392342c2f3e1dd008b2276172a9b3ecf\" tg-width=\"500\" tg-height=\"253\" referrerpolicy=\"no-referrer\">While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that<b>\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.</b></p><p>The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).</p><p><b>So what happens next?</b></p><p>Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"<i>the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market</i>:</p><blockquote>The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. <b>Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.</b></blockquote><p>In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...</p><p>Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:</p><blockquote><u><b>3. Relief ends March 31, banks fully raise capital</b></u> <b>Impact on BanksRatesFront-End Rates</b> <u><b>4. Relief ends March 31, banks raise capital &amp; de-lever</b></u> <b>Impact on BanksRatesFront-End Rates</b></blockquote><p>Going back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,<b>and these flows will swell further money funds’ inflows coming from TGA drawdowns.</b>\"</p><p>More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.</p><p><img src=\"https://static.tigerbbs.com/caeeb2b1290e084832f29d61cea6a90b\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\">How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"</p><blockquote>FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...</blockquote><p>While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.</p><p>* *&nbsp; *</p><p>Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" as<b>the SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing</b>.</p><p>“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is<b>\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”</b></p><p>Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nFed Disappoints Market, Lets SLR Relief Expire: What Happens Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 22:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199154789","content_text":"As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –suggests that the Fed is “foaming the runway” for the end of SLR exemption.\"Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.The Fed's soothing wods notwithstanding,having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...Bond yields spiked...... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")....... slumped.In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).So what happens next?Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market:The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:3. Relief ends March 31, banks fully raise capital Impact on BanksRatesFront-End Rates 4. Relief ends March 31, banks raise capital & de-lever Impact on BanksRatesFront-End RatesGoing back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,and these flows will swell further money funds’ inflows coming from TGA drawdowns.\"More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.* *  *Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" asthe SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing.“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814618713,"gmtCreate":1630811878432,"gmtModify":1676530399178,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/814618713","repostId":"2164680809","repostType":4,"repost":{"id":"2164680809","kind":"news","pubTimestamp":1630810038,"share":"https://ttm.financial/m/news/2164680809?lang=en_US&edition=fundamental","pubTime":"2021-09-05 10:47","market":"hk","language":"zh","title":"Is Xiaomi \"Foxconnization\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2164680809","media":"华尔街见闻","summary":"小米自诞生以来便一直强调其极致的性价比，雷军曾表示小米硬件综合利润率不超过5%，但小米生态链公司的毛利却不低。\n主要是受益于代工模式，公司本身不承担制造生产成本，通过挤压代工厂利润来实现增值，与此同时","content":"<p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once said that the comprehensive profit margin of Xiaomi hardware does not exceed 5%, but the gross profit of Xiaomi ecological chain companies is not low.</p><p>Mainly benefiting from the OEM model, the company itself does not bear the manufacturing cost, and achieves value-added by squeezing the profits of the OEM. At the same time, Xiaomi also earns a share.</p><p>For a long time, Foxconn, the leading OEM, has extended to the upstream of the industrial chain through holding holdings to build a profitable Great Wall.</p><p><img src=\"https://static.tigerbbs.com/ae37174cdd7bc25d06393d5c9ab63a5e\" tg-width=\"1080\" tg-height=\"721\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>01</b></p><p><b>Is Xiaomi's low gross profit a gimmick?</b></p><p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once shouted that the comprehensive profit margin of Xiaomi hardware should not exceed 5%. If there is any excess, all the excess will be returned to users.</p><p>According to Xiaomi's 2020 financial report, its<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The gross profit margin of mobile phones is 8.7%. After deducting various expenses, the hardware is really not profitable.</p><p>Not only Xiaomi itself, but also the gross profit margin of Mijia products sold by Xiaomi Ecological Chain Company is not high, which is mainly determined by the cooperation model.</p><p>The cooperation between Xiaomi Ecological Chain Company and Xiaomi is mainly based on the cost price procurement/profit sharing model. Under this model, the company sells Xiaomi customized products to Xiaomi according to the cost price, and the products are finally sold externally through various channels of Xiaomi. The profits generated are divided according to the proportion agreed by both parties.</p><p><a href=\"https://laohu8.com/S/688169\">Stone Technology</a>In its prospectus, the gross profit margin of Xiaomi's ecological chain model company is listed. The gross profit margin of Mijia products under Roborock Technology is 13.58%, and the gross profit margin of electric scooters produced by another No. 9 Intelligent company is 15.39%.</p><p><img src=\"https://static.tigerbbs.com/3ccc0fd2f91479bb7e95a6ca6356aeb7\" tg-width=\"1037\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in recent years, as Xiaomi ecological chain companies have been listed one after another, the company is gradually seeking to \"de-Xiaomi\" to improve its profitability.</p><p>The latest semi-annual report released by Roborock Technology shows that the company achieved revenue of 2.348 billion yuan in the first half of the year, an increase of 32.19% over the same period last year; The net profit was 651 million yuan, an increase of 41.57% over the same period last year, and the gross sales profit margin was 50.74%.</p><p>In view of the performance growth, the reason given by the company is that the company has gradually expanded its own brand sales channels, and the sales proportion of its own brand products with higher gross profit has increased from 86.25% to 98.23%. At the same time, the continuous expansion of overseas business has also improved profitability.</p><p>Figure: Roborock Technology's gross sales profit margin and net sales profit margin</p><p><img src=\"https://static.tigerbbs.com/901972a18e0f775440d0485953729b09\" tg-width=\"735\" tg-height=\"454\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p><b>02</b></p><p><b>The Secret Behind Gross Profit</b></p><p>On the one hand, private brands with higher gross profits began to set up the stage to sing operas; on the other hand, it also benefited from Roborock Technology's finding two foundries for itself.</p><p>According to Roborock Technology's listing prospectus, all Roborock Technology's products are produced using commissioned processing methods, and it does not have its own production base. Before 2018, Roborock Technology's main foundry was<a href=\"https://laohu8.com/S/300207\">Sunwoda</a>In 2018, Roborock Technology introduced Dongguan Great Wall as the second OEM, but Sunwoda's proportion is still close to 90%.</p><p>It is worth mentioning that Sunwoda is also a supplier of Xiaomi mobile phones.</p><p><img src=\"https://static.tigerbbs.com/2543c440cca89d0b47bf2095c32f48ab\" tg-width=\"1031\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In the cost structure of Roborock Technology, raw materials and outsourcing processing fees account for the bulk, and it does not bear the manufacturing and production costs. Roborock Technology only needs to do a good job in design and research and development, and most of the hard work is handed over to the foundry.</p><p>According to the smile curve theory, the production link is a low gross profit margin, and this is indeed the case. The gross profit margin of Roborock Technology, which successfully outsourced the manufacturing and production process, can reach 50%, while the gross profit margin of Sunwoda is only 16.64%.</p><p><img src=\"https://static.tigerbbs.com/2d64b670e6efed9dcd6a5bb85ffc2311\" tg-width=\"1070\" tg-height=\"465\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In addition, according to the company's ownership structure, Tianjin Jinmi and Shunwei are both Lei Jun's \"Xiaomi Department\", which means that Xiaomi also has a share in the money made by Roborock Technology through subcontracting.</p><p><img src=\"https://static.tigerbbs.com/5c1b98af7350b7e3f205a05ffcf30290\" tg-width=\"814\" tg-height=\"378\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Coincidentally, Sunwoda is also included in the supplier list of No. 9 Smart, another Xiaomi ecological chain company.</p><p>No. 9 Intelligent disclosed in its prospectus that the company's product production mainly adopts the parallel mode of independent production and OEM production, of which OEM production is mainly carried out by foundries such as Sunwoda. In the 2019s, the number of products produced by factories accounted for 49.75%, of which Sunwoda accounted for 81.13%.</p><p><img src=\"https://static.tigerbbs.com/4a327ee44e71f6b06c949e57b061ef8f\" tg-width=\"1004\" tg-height=\"425\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Perhaps because No. 9 Intelligent still undertakes half of the production tasks, its gross profit margin is not as eye-catching as Roborock Technology. The gross profit margin in the past five years has basically been stable at around 25%, but it is still about 10 percentage points higher than its foundry.</p><p>Figure:<a href=\"https://laohu8.com/S/689009\">Nine Company</a>Gross sales margin and net sales margin</p><p><img src=\"https://static.tigerbbs.com/1cb15f3deed6695e3543ed0e7e55bc69\" tg-width=\"730\" tg-height=\"441\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>The operating conditions of the above two Xiaomi eco-chain companies reveal the mystery behind Xiaomi's ultimate cost performance. Although its own hardware does not make money, it can achieve value-added by squeezing the profits of foundries. At this point, Xiaomi's Internet model is practiced It's in place to find suppliers to cooperate with foundries, and act as a channel to earn a share from it.</p><p>It is precisely because it wants to maintain the return of profits from the industrial chain that Xiaomi reserves a certain decision-making right for suppliers of ecological chain companies. The prospectuses of the two companies mentioned that under the existing cooperation model, according to the agreement, the company needs to inform Xiaomi in advance when replacing key components and assembly suppliers of products.</p><p><b>03</b></p><p><b>Foxconn model?</b></p><p>In fact, the layer-by-layer foundry model is not unique to Xiaomi. Foxconn, the originator of foundries, has already begun to work hard on the supply chain.</p><p>As the OEM leader in the global electronics industry, Foxconn's revenue can be said to be at the giant level. In 2020, Hon Hai will achieve revenue of 1.2 trillion yuan, but its gross profit margin will remain at around 6% all year round.</p><p>Figure: Hon Hai gross profit margin and net profit margin</p><p><img src=\"https://static.tigerbbs.com/4cfe50d59737042e462374f04d0aab1b\" tg-width=\"710\" tg-height=\"446\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>It is not easy to maintain this meager profit in the increasingly fierce competition, and Foxconn relies on strong cost control and supply chain management capabilities. Benefiting from its own scale advantages, Foxconn extends to the upstream of the industrial chain and builds a great wall of profitability.</p><p>With<a href=\"https://laohu8.com/S/601138\">Fii Industrial</a>For example, according to its prospectus, the company's purchase of PCBs, connectors and other components from related parties, as well as molds and other products accounted for 7.29%.</p><p>Among them, Pengding, one of the suppliers of PCB with the largest amount of raw material purchases (accounting for up to 40% of the cost), is indirectly controlled by Hon Hai's subsidiary.</p><p><img src=\"https://static.tigerbbs.com/ce4ba8b7a30974c91a1887558e6cf45a\" tg-width=\"869\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Foxconn not only acts as a purchaser, but also as a controlling party. Its subsidiaries can be found in many aspects from materials to components.</p><p>With such a relationship, even in the links with higher gross profit, Foxconn has the capital to reduce the quotation, control the procurement cost and \"rush for gold\" from the industrial chain.</p><p>After long-term accumulation, Foxconn has built its own supply chain. According to estimates by T.Rowe Price, an American asset management company, Foxconn's own parts account for more than 30% of its ex-factory value, while another major electronics OEM manufacturer Singapore Wei<a href=\"https://laohu8.com/S/LTRX\">Innovation</a>This ratio is about 10-15%.</p>","source":"highlight_wallstreetcn","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>Is Xiaomi \"Foxconnization\"?</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\">\nIs Xiaomi \"Foxconnization\"?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-09-05 10:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once said that the comprehensive profit margin of Xiaomi hardware does not exceed 5%, but the gross profit of Xiaomi ecological chain companies is not low.</p><p>Mainly benefiting from the OEM model, the company itself does not bear the manufacturing cost, and achieves value-added by squeezing the profits of the OEM. At the same time, Xiaomi also earns a share.</p><p>For a long time, Foxconn, the leading OEM, has extended to the upstream of the industrial chain through holding holdings to build a profitable Great Wall.</p><p><img src=\"https://static.tigerbbs.com/ae37174cdd7bc25d06393d5c9ab63a5e\" tg-width=\"1080\" tg-height=\"721\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><b>01</b></p><p><b>Is Xiaomi's low gross profit a gimmick?</b></p><p>Since its birth, Xiaomi has always emphasized its ultimate cost performance. Lei Jun once shouted that the comprehensive profit margin of Xiaomi hardware should not exceed 5%. If there is any excess, all the excess will be returned to users.</p><p>According to Xiaomi's 2020 financial report, its<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The gross profit margin of mobile phones is 8.7%. After deducting various expenses, the hardware is really not profitable.</p><p>Not only Xiaomi itself, but also the gross profit margin of Mijia products sold by Xiaomi Ecological Chain Company is not high, which is mainly determined by the cooperation model.</p><p>The cooperation between Xiaomi Ecological Chain Company and Xiaomi is mainly based on the cost price procurement/profit sharing model. Under this model, the company sells Xiaomi customized products to Xiaomi according to the cost price, and the products are finally sold externally through various channels of Xiaomi. The profits generated are divided according to the proportion agreed by both parties.</p><p><a href=\"https://laohu8.com/S/688169\">Stone Technology</a>In its prospectus, the gross profit margin of Xiaomi's ecological chain model company is listed. The gross profit margin of Mijia products under Roborock Technology is 13.58%, and the gross profit margin of electric scooters produced by another No. 9 Intelligent company is 15.39%.</p><p><img src=\"https://static.tigerbbs.com/3ccc0fd2f91479bb7e95a6ca6356aeb7\" tg-width=\"1037\" tg-height=\"331\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in recent years, as Xiaomi ecological chain companies have been listed one after another, the company is gradually seeking to \"de-Xiaomi\" to improve its profitability.</p><p>The latest semi-annual report released by Roborock Technology shows that the company achieved revenue of 2.348 billion yuan in the first half of the year, an increase of 32.19% over the same period last year; The net profit was 651 million yuan, an increase of 41.57% over the same period last year, and the gross sales profit margin was 50.74%.</p><p>In view of the performance growth, the reason given by the company is that the company has gradually expanded its own brand sales channels, and the sales proportion of its own brand products with higher gross profit has increased from 86.25% to 98.23%. At the same time, the continuous expansion of overseas business has also improved profitability.</p><p>Figure: Roborock Technology's gross sales profit margin and net sales profit margin</p><p><img src=\"https://static.tigerbbs.com/901972a18e0f775440d0485953729b09\" tg-width=\"735\" tg-height=\"454\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p><b>02</b></p><p><b>The Secret Behind Gross Profit</b></p><p>On the one hand, private brands with higher gross profits began to set up the stage to sing operas; on the other hand, it also benefited from Roborock Technology's finding two foundries for itself.</p><p>According to Roborock Technology's listing prospectus, all Roborock Technology's products are produced using commissioned processing methods, and it does not have its own production base. Before 2018, Roborock Technology's main foundry was<a href=\"https://laohu8.com/S/300207\">Sunwoda</a>In 2018, Roborock Technology introduced Dongguan Great Wall as the second OEM, but Sunwoda's proportion is still close to 90%.</p><p>It is worth mentioning that Sunwoda is also a supplier of Xiaomi mobile phones.</p><p><img src=\"https://static.tigerbbs.com/2543c440cca89d0b47bf2095c32f48ab\" tg-width=\"1031\" tg-height=\"309\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In the cost structure of Roborock Technology, raw materials and outsourcing processing fees account for the bulk, and it does not bear the manufacturing and production costs. Roborock Technology only needs to do a good job in design and research and development, and most of the hard work is handed over to the foundry.</p><p>According to the smile curve theory, the production link is a low gross profit margin, and this is indeed the case. The gross profit margin of Roborock Technology, which successfully outsourced the manufacturing and production process, can reach 50%, while the gross profit margin of Sunwoda is only 16.64%.</p><p><img src=\"https://static.tigerbbs.com/2d64b670e6efed9dcd6a5bb85ffc2311\" tg-width=\"1070\" tg-height=\"465\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: Roborock Technology Prospectus</p><p>In addition, according to the company's ownership structure, Tianjin Jinmi and Shunwei are both Lei Jun's \"Xiaomi Department\", which means that Xiaomi also has a share in the money made by Roborock Technology through subcontracting.</p><p><img src=\"https://static.tigerbbs.com/5c1b98af7350b7e3f205a05ffcf30290\" tg-width=\"814\" tg-height=\"378\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Coincidentally, Sunwoda is also included in the supplier list of No. 9 Smart, another Xiaomi ecological chain company.</p><p>No. 9 Intelligent disclosed in its prospectus that the company's product production mainly adopts the parallel mode of independent production and OEM production, of which OEM production is mainly carried out by foundries such as Sunwoda. In the 2019s, the number of products produced by factories accounted for 49.75%, of which Sunwoda accounted for 81.13%.</p><p><img src=\"https://static.tigerbbs.com/4a327ee44e71f6b06c949e57b061ef8f\" tg-width=\"1004\" tg-height=\"425\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Perhaps because No. 9 Intelligent still undertakes half of the production tasks, its gross profit margin is not as eye-catching as Roborock Technology. The gross profit margin in the past five years has basically been stable at around 25%, but it is still about 10 percentage points higher than its foundry.</p><p>Figure:<a href=\"https://laohu8.com/S/689009\">Nine Company</a>Gross sales margin and net sales margin</p><p><img src=\"https://static.tigerbbs.com/1cb15f3deed6695e3543ed0e7e55bc69\" tg-width=\"730\" tg-height=\"441\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>The operating conditions of the above two Xiaomi eco-chain companies reveal the mystery behind Xiaomi's ultimate cost performance. Although its own hardware does not make money, it can achieve value-added by squeezing the profits of foundries. At this point, Xiaomi's Internet model is practiced It's in place to find suppliers to cooperate with foundries, and act as a channel to earn a share from it.</p><p>It is precisely because it wants to maintain the return of profits from the industrial chain that Xiaomi reserves a certain decision-making right for suppliers of ecological chain companies. The prospectuses of the two companies mentioned that under the existing cooperation model, according to the agreement, the company needs to inform Xiaomi in advance when replacing key components and assembly suppliers of products.</p><p><b>03</b></p><p><b>Foxconn model?</b></p><p>In fact, the layer-by-layer foundry model is not unique to Xiaomi. Foxconn, the originator of foundries, has already begun to work hard on the supply chain.</p><p>As the OEM leader in the global electronics industry, Foxconn's revenue can be said to be at the giant level. In 2020, Hon Hai will achieve revenue of 1.2 trillion yuan, but its gross profit margin will remain at around 6% all year round.</p><p>Figure: Hon Hai gross profit margin and net profit margin</p><p><img src=\"https://static.tigerbbs.com/4cfe50d59737042e462374f04d0aab1b\" tg-width=\"710\" tg-height=\"446\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Data source: wind</p><p>It is not easy to maintain this meager profit in the increasingly fierce competition, and Foxconn relies on strong cost control and supply chain management capabilities. Benefiting from its own scale advantages, Foxconn extends to the upstream of the industrial chain and builds a great wall of profitability.</p><p>With<a href=\"https://laohu8.com/S/601138\">Fii Industrial</a>For example, according to its prospectus, the company's purchase of PCBs, connectors and other components from related parties, as well as molds and other products accounted for 7.29%.</p><p>Among them, Pengding, one of the suppliers of PCB with the largest amount of raw material purchases (accounting for up to 40% of the cost), is indirectly controlled by Hon Hai's subsidiary.</p><p><img src=\"https://static.tigerbbs.com/ce4ba8b7a30974c91a1887558e6cf45a\" tg-width=\"869\" tg-height=\"461\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Foxconn not only acts as a purchaser, but also as a controlling party. Its subsidiaries can be found in many aspects from materials to components.</p><p>With such a relationship, even in the links with higher gross profit, Foxconn has the capital to reduce the quotation, control the procurement cost and \"rush for gold\" from the industrial chain.</p><p>After long-term accumulation, Foxconn has built its own supply chain. According to estimates by T.Rowe Price, an American asset management company, Foxconn's own parts account for more than 30% of its ex-factory value, while another major electronics OEM manufacturer Singapore Wei<a href=\"https://laohu8.com/S/LTRX\">Innovation</a>This ratio is about 10-15%.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021090420492879ec3ab1&s=b\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ae37174cdd7bc25d06393d5c9ab63a5e","relate_stocks":{"01810":"小米集团-W"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021090420492879ec3ab1&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"2164680809","content_text":"小米自诞生以来便一直强调其极致的性价比，雷军曾表示小米硬件综合利润率不超过5%，但小米生态链公司的毛利却不低。\n主要是受益于代工模式，公司本身不承担制造生产成本，通过挤压代工厂利润来实现增值，与此同时小米也赚取了分成。\n长期以来，代工龙头富士康便是通过控股方式，向产业链上游延伸，构建盈利长城。\n01\n小米低毛利是个噱头？\n小米自诞生以来便一贯强调其极致的性价比，雷军曾喊话，小米硬件综合利润率不超过5%，如有超出部分，将超出部分全部返还给用户。\n根据小米2020年财报显示，其智能手机的毛利率为8.7%，再扣除各项费用，硬件确实不赚钱。\n不仅仅是小米自己，小米生态链公司销售的米家产品的毛利率同样也不高，这主要是由合作模式决定的。\n小米生态链公司与小米的合作以成本价采购/利润分成模式为主，在该模式下，公司按照成本价格将小米定制产品销售给小米，产品在小米的各种渠道最终实现对外销售，小米再将其产生的利润按照双方约定的比例分成。\n石头科技在其招股说明书中罗列了小米生态链模式公司的毛利率，石头科技旗下米家产品的毛利率为13.58%，另一家九号智能生产的电动滑板车的毛利率为15.39%。\n\n不过近年来随着小米生态链公司相继上市，公司也在逐步寻求“去小米化”，以提升自身盈利能力。\n石头科技最新公布的半年报显示，上半年公司实现营收23.48亿元，较上年同期增长32.19%；净利润6.51亿元，较上年同期增长41.57%，销售毛利率为50.74%。\n针对业绩增长，公司给出的原因系公司逐步拓展自有品牌销售渠道，毛利较高的自有品牌产品销售额占比由86.25%提升至98.23%，同时海外业务持续扩张也使得盈利能力得到提升。\n图：石头科技销售毛利率和销售净利率\n\n数据来源：wind\n02\n毛利背后的秘密\n一方面毛利更高的自有品牌开始搭台唱戏，另一方面也得益于石头科技给自己找了两家代工厂。\n根据石头科技上市招股说明书，石头科技的产品全部采用委托加工方式进行生产，自己并无自建生产基地，2018年之前石头科技的主要代工厂为欣旺达，2018年石头科技引入东莞长城担任第二家代工厂商，但欣旺达的占比仍接近90%。\n值得一提的是，欣旺达也同样是小米手机的供应商。\n\n数据来源：石头科技招股说明书\n在石头科技的成本构成中原材料和委外加工费是大头，其本身并不承担制造生产成本，石头科技只需要做好设计和研发工作，大部分的辛苦活都交给了代工厂。\n依据微笑曲线理论，生产环节是毛利率洼地，事实也确实如此。成功将制造生产环节外包出去的石头科技的毛利率能达到50%，而欣旺达的毛利率就只有16.64%了。\n\n数据来源：石头科技招股说明书\n另根据公司股权结构，天津金米和Shunwei两家公司均是雷军的“小米系”，也就是说石头科技通过分包赚得钱小米也都是有份的。\n\n无独有偶，在另一家小米生态链公司九号智能的供应商列表中也有欣旺达的身影。\n九号智能在其招股说明书中披露，公司的产品生产主要采用自主生产和代工生产并行的模式，其中代工生产主要由欣旺达等代工厂进行，2019年代工厂生产的产品数量占比为49.75%，其中欣旺达的占比为81.13%。\n\n或许由于九号智能仍承担着一半的生产任务，其毛利率水平并没有石头科技那么瞩目，近五年的毛利率基本稳定在25%上下，不过还是要高出其代工厂约10个百分点。\n图：九号公司销售毛利率和销售净利率\n\n数据来源：wind\n上述两家小米生态链公司的经营情况揭示了小米极致性价比背后的玄机，虽然自己的硬件不挣钱，但可以通过挤压代工厂的利润来实现增值，在这一点上小米的互联网模式践行得很到位，找到供应商和代工厂合作，自己充当渠道角色从中赚取分成。\n也正因为要守住产业链的利润回流，小米对于生态链公司的供应商保留了一定的决定权。前述两家公司的招股说明书中均提到，在现有合作模式下，按约定公司在更换产品关键零部件及组装供应商时，需提前告知小米。\n03\n富士康模式？\n事实上，层层代工模式并非小米独有，代工厂鼻祖富士康早就开始在供应链环节下功夫了。\n作为全球电子产业的代工龙头，富士康的营收可以说是巨无霸级别的，2020年鸿海实现营收1.2万亿元，但其毛利率常年维持在6%左右。\n图：鸿海毛利率和净利率\n\n数据来源：wind\n想要在日益激烈的竞争中守住这微薄的利润也不容易，而富士康仰仗的便是强大的成本管控和供应链管理能力。受益于自身的规模优势，富士康向产业链上游延伸，构筑盈利长城。\n以工业富联为例，据其招股说明书显示，公司向关联方采购的PCB、连接器等零组件，以及模具等产品的占比为7.29%。\n其中原材料采购金额最大的PCB（成本占比高达40%）的供应商之一，鹏鼎便是由鸿海子公司间接控股。\n\n富士康既充当着采购者的角色，同时又是控股方，从材料到元器件等多个环节，都可以排摸到其子公司的身影。\n有了这样一层关系，即便是在毛利较高的环节，富士康也有降低报价的资本，控制了采购成本的同时还能从产业链上“淘金”。\n长期的积累之下，富士康构建起自己的供应链。根据美国资管公司普信集团（T.Rowe Price）的估算，富士康自有零件在其出厂金额中所占的比例超过30%，而另一家电子代工大厂新加坡伟创力的该比例约为10-15%。","news_type":1,"symbols_score_info":{"48657":0.9,"48708":0.9,"48717":0.9,"48730":0.9,"48754":0.9,"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":2763,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818016566,"gmtCreate":1630365893355,"gmtModify":1676530279710,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818016566","repostId":"1128135952","repostType":4,"repost":{"id":"1128135952","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":1630364751,"share":"https://ttm.financial/m/news/1128135952?lang=en_US&edition=fundamental","pubTime":"2021-08-31 07:05","market":"us","language":"zh","title":"Apple's stock price hits record high, with a market value of over $2.5 trillion","url":"https://stock-news.laohu8.com/highlight/detail?id=1128135952","media":"老虎资讯综合","summary":"8月31日，苹果收涨3.04%，创下今年3月以来最大单日涨幅，报153.12美元刷新历史新高，最新总市值超25000亿美元，达25352亿美元。\n据悉，新的iPhone 13将在9月份发布，其相较于去","content":"<p>August 31,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It closed up 3.04%, the largest one-day increase since March this year, setting a record high of US $153.12. The latest total market value exceeded US $2.5 trillion, reaching US $2,535.2 billion.</p><p>It is reported that the new iPhone 13 will be released in September. Compared with the production capacity of 75 million units of the iPhone 12 series last year, the iPhone 13 has increased by 15 million units this year (the production of new phones will increase to 90 million units before the end of this year), and demand has increased. 20%.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>Analyst Ming-Chi Kuo's latest research report predicts that the iPhone 13 hardware specifications can support low-orbit satellite communications. If Apple turns on relevant software functions, users can also make calls and send messages through satellite communications when they are not within 4G/5G coverage.</p><p><img src=\"https://static.tigerbbs.com/ec225ec6777c2f7866708ae43467f465\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple's stock price hits record high, with a market value of over $2.5 trillion</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\">\nApple's stock price hits record high, with a market value of over $2.5 trillion\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\">2021-08-31 07:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>August 31,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It closed up 3.04%, the largest one-day increase since March this year, setting a record high of US $153.12. The latest total market value exceeded US $2.5 trillion, reaching US $2,535.2 billion.</p><p>It is reported that the new iPhone 13 will be released in September. Compared with the production capacity of 75 million units of the iPhone 12 series last year, the iPhone 13 has increased by 15 million units this year (the production of new phones will increase to 90 million units before the end of this year), and demand has increased. 20%.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>Analyst Ming-Chi Kuo's latest research report predicts that the iPhone 13 hardware specifications can support low-orbit satellite communications. If Apple turns on relevant software functions, users can also make calls and send messages through satellite communications when they are not within 4G/5G coverage.</p><p><img src=\"https://static.tigerbbs.com/ec225ec6777c2f7866708ae43467f465\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/40ec3def981bd8ed848cbde61f044f04","relate_stocks":{"AAPL":"苹果"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128135952","content_text":"8月31日，苹果收涨3.04%，创下今年3月以来最大单日涨幅，报153.12美元刷新历史新高，最新总市值超25000亿美元，达25352亿美元。\n据悉，新的iPhone 13将在9月份发布，其相较于去年iPhone 12系列的7500万部产能，iPhone 13今年增加了1500万部（今年年底之前新机产量提高到9000万部），需求增长了20%。天风证券分析师郭明錤最新研报预测，iPhone 13硬件规格可支援低轨道卫星通讯，若苹果开启相关软件功能，则当使用者不在4G/5G覆盖范围内时，也能透过卫星通讯通话与传讯。","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157705821,"gmtCreate":1625614183063,"gmtModify":1703744790375,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/157705821","repostId":"1181343924","repostType":4,"repost":{"id":"1181343924","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":1625611649,"share":"https://ttm.financial/m/news/1181343924?lang=en_US&edition=fundamental","pubTime":"2021-07-07 06:47","market":"us","language":"zh","title":"JPMorgan Chase: Raised Apple price target to $170 and maintained outperform rating","url":"https://stock-news.laohu8.com/highlight/detail?id=1181343924","media":"老虎资讯综合","summary":"7月7日，摩根大通分析师Samik Chatterjee将苹果的目标价从165美元上调至170美元，并维持对该股的跑赢大市评级。\nChatterjee认为，尽管看好iPhone 12系列的销量前景，但","content":"<p>July 7th,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Analyst Samik Chatterjee will<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The price target was raised to $170 from $165 and an outperform rating on the stock was maintained.</p><p>Chatterjee believes that despite being bullish on the sales prospects of the iPhone 12 series, the stock has seriously lagged the broader market in the first half of 2021. The analyst said that the sales prospects of the iPhone 12 series are bright, and the product launch will stimulate the company's stock price to usher in historic performance between July and September. In addition, investors have lowered their sales expectations for the iPhone 13, which means that the stock The stock price will be very attractive in the second half of this year. He expects Apple shares to \"significantly\" outperform the broader market in the second half of the year, and believes now is the time to start buying the stock again.</p><p>Apple closed up 1.47% overnight at $142.02.</p><p><img src=\"https://static.tigerbbs.com/660fc1ade823da95d226e8cc37a2ea0a\" tg-width=\"840\" tg-height=\"470\"></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>JPMorgan Chase: Raised Apple price target to $170 and maintained outperform rating</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\">\nJPMorgan Chase: Raised Apple price target to $170 and maintained outperform rating\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-07 06:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>July 7th,<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Analyst Samik Chatterjee will<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The price target was raised to $170 from $165 and an outperform rating on the stock was maintained.</p><p>Chatterjee believes that despite being bullish on the sales prospects of the iPhone 12 series, the stock has seriously lagged the broader market in the first half of 2021. The analyst said that the sales prospects of the iPhone 12 series are bright, and the product launch will stimulate the company's stock price to usher in historic performance between July and September. In addition, investors have lowered their sales expectations for the iPhone 13, which means that the stock The stock price will be very attractive in the second half of this year. He expects Apple shares to \"significantly\" outperform the broader market in the second half of the year, and believes now is the time to start buying the stock again.</p><p>Apple closed up 1.47% overnight at $142.02.</p><p><img src=\"https://static.tigerbbs.com/660fc1ade823da95d226e8cc37a2ea0a\" tg-width=\"840\" tg-height=\"470\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/052d0d3a6389985cf72883e9c3047ae4","relate_stocks":{"09086":"华夏纳指-U","AAPL":"苹果","03086":"华夏纳指"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181343924","content_text":"7月7日，摩根大通分析师Samik Chatterjee将苹果的目标价从165美元上调至170美元，并维持对该股的跑赢大市评级。\nChatterjee认为，尽管看好iPhone 12系列的销量前景，但该股在2021年上半年的表现严重落后于大盘。该分析师表示，iPhone 12系列销量前景光明、产品发布会将刺激该公司股价在7月至9月间迎来历史性表现，加之投资者降低了对iPhone13的销量预期，这意味着该股股价在今年下半年将非常具有吸引力。他预计苹果股价将在下半年表现将“大幅”优于大盘，并且认为现在是重新开始买入该股的时机。\n苹果隔夜收涨1.47%，报142.02美元。","news_type":1,"symbols_score_info":{"AAPL":0.9,"09086":0.9,"03086":0.9}},"isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154573093,"gmtCreate":1625536402612,"gmtModify":1703743225768,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/154573093","repostId":"1121493911","repostType":4,"repost":{"id":"1121493911","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":1625526439,"share":"https://ttm.financial/m/news/1121493911?lang=en_US&edition=fundamental","pubTime":"2021-07-06 07:07","market":"hk","language":"zh","title":"XPeng Automobile-W has a winning rate of 10% for one lot, and you can secure one lot if you subscribe 20 lots","url":"https://stock-news.laohu8.com/highlight/detail?id=1121493911","media":"老虎资讯综合","summary":"7月6日，小鹏汽车-W发布公告，发行8500万股，国际发售与香港公开发售的最终发售价均已确定为每股发售股份165.00港元，全球发售收取所得款项净额约137.81亿港元。每手100股A类普通股，预期A","content":"<p>July 6th,<a href=\"https://laohu8.com/S/09868\">XPeng Motor-W</a>An announcement was issued to issue 85 million shares. The final offer price of the international offering and the Hong Kong public offering has been determined to be HK $165.00 per offer share, and the net proceeds received from the global offering are approximately HK $13.781 billion. 100 Class A ordinary shares in board lots, and the Class A ordinary shares are expected to be listed on July 7, 2021.</p><p><b>The relevant data of Tiger Information Collation is as follows:</b></p><p><img src=\"https://static.tigerbbs.com/acbbfe927e3f8c40f3e86f63a83f6bfe\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p><b>Distribution result:</b></p><p>Group A has 100 shares per lot, and the winning rate of one lot is 10%. If you subscribe for 20 lots, you will be sure to win one lot.</p><p>The head of Group B is 30,000 shares (300 lots), and 5,400 shares (54 lots) are allocated.<img src=\"https://static.tigerbbs.com/75f05d3ec9afe898f3ee9751c98bbc17\" tg-width=\"622\" tg-height=\"754\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b2f6d112ddbcf15a8ce5e053c738ccd1\" tg-width=\"625\" tg-height=\"524\" referrerpolicy=\"no-referrer\"></p><p>The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been oversubscribed, equivalent to approximately 14.73 times the total number of 4.25 million Hong Kong Offer Shares initially available under the Hong Kong Public Offering. The final number of Offer Shares in the Hong Kong Public Offering is 4.25 million Offer Shares, accounting for 5.0% of the total number of Offer Shares initially available for subscription in the Global Offering (before any over-allotment option is exercised), and has been allocated to 16,483 successful applicants in the Hong Kong Public Offering applicants.</p><p>The Offer Shares initially offered in the International Offering have been oversubscribed, representing approximately 8.54 times the total number of Offer Shares initially available in the International Offering. The final number of Offer Shares in the International Offering is 80.75 million Offer Shares, representing 95.0% of the total number of Offer Shares initially available for subscription in the Global Offering (before any over-allotment option is exercised).</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>XPeng Automobile-W has a winning rate of 10% for one lot, and you can secure one lot if you subscribe 20 lots</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng Automobile-W has a winning rate of 10% for one lot, and you can secure one lot if you subscribe 20 lots\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-06 07:07</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>July 6th,<a href=\"https://laohu8.com/S/09868\">XPeng Motor-W</a>An announcement was issued to issue 85 million shares. The final offer price of the international offering and the Hong Kong public offering has been determined to be HK $165.00 per offer share, and the net proceeds received from the global offering are approximately HK $13.781 billion. 100 Class A ordinary shares in board lots, and the Class A ordinary shares are expected to be listed on July 7, 2021.</p><p><b>The relevant data of Tiger Information Collation is as follows:</b></p><p><img src=\"https://static.tigerbbs.com/acbbfe927e3f8c40f3e86f63a83f6bfe\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p><b>Distribution result:</b></p><p>Group A has 100 shares per lot, and the winning rate of one lot is 10%. If you subscribe for 20 lots, you will be sure to win one lot.</p><p>The head of Group B is 30,000 shares (300 lots), and 5,400 shares (54 lots) are allocated.<img src=\"https://static.tigerbbs.com/75f05d3ec9afe898f3ee9751c98bbc17\" tg-width=\"622\" tg-height=\"754\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b2f6d112ddbcf15a8ce5e053c738ccd1\" tg-width=\"625\" tg-height=\"524\" referrerpolicy=\"no-referrer\"></p><p>The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been oversubscribed, equivalent to approximately 14.73 times the total number of 4.25 million Hong Kong Offer Shares initially available under the Hong Kong Public Offering. The final number of Offer Shares in the Hong Kong Public Offering is 4.25 million Offer Shares, accounting for 5.0% of the total number of Offer Shares initially available for subscription in the Global Offering (before any over-allotment option is exercised), and has been allocated to 16,483 successful applicants in the Hong Kong Public Offering applicants.</p><p>The Offer Shares initially offered in the International Offering have been oversubscribed, representing approximately 8.54 times the total number of Offer Shares initially available in the International Offering. The final number of Offer Shares in the International Offering is 80.75 million Offer Shares, representing 95.0% of the total number of Offer Shares initially available for subscription in the Global Offering (before any over-allotment option is exercised).</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8a7cf240033f083a329240e6179df017","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121493911","content_text":"7月6日，小鹏汽车-W发布公告，发行8500万股，国际发售与香港公开发售的最终发售价均已确定为每股发售股份165.00港元，全球发售收取所得款项净额约137.81亿港元。每手100股A类普通股，预期A类普通股于2021年7月7日上市。\n老虎资讯整理相关数据如下：\n\n分配结果：\n甲组每手100股，一手中签率10%，认购20手稳中一手。\n乙组头为3万股（300手），获配5400股（54手）。\n根据香港公开发售初步提呈发售的香港发售股份已获超额认购，相当于香港公开发售初步可供认购香港发售股份总数425万股约14.73倍。香港公开发售的发售股份最终数目为425万股发售股份，占全球发售初步可供认购的发售股份总数的5.0%（行使任何超额配股权前），并已分配予香港公开发售的16483名获接纳申请人。\n国际发售初步提呈发售的发售股份已获超额认购，相当于国际发售初步可供认购发售股份总数约8.54倍。国际发售的发售股份最终数目为8075万股发售股份，相当于全球发售初步可供认购发售股份总数的95.0%（行使任何超额配股权前）。","news_type":1,"symbols_score_info":{"09868":0.9,"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168528916,"gmtCreate":1623979022735,"gmtModify":1703825279496,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/168528916","repostId":"1102366839","repostType":4,"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182182945,"gmtCreate":1623557870887,"gmtModify":1704206137231,"author":{"id":"3576276306027110","authorId":"3576276306027110","name":"xiaochen10","avatar":"https://static.tigerbbs.com/5b1ab0cdd6be0408a7de20a01c26885a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576276306027110","idStr":"3576276306027110"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/182182945","repostId":"1176185879","repostType":4,"repost":{"id":"1176185879","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":1623482219,"share":"https://ttm.financial/m/news/1176185879?lang=en_US&edition=fundamental","pubTime":"2021-06-12 15:16","market":"us","language":"zh","title":"Liu Kai, Vice President of Technology of Tiger Brokers: Technology needs to always be half a position ahead of the business","url":"https://stock-news.laohu8.com/highlight/detail?id=1176185879","media":"老虎资讯综合","summary":"【正在直播】老虎7周年Open Day\n科技如何让投资更美好？6月12日的老虎证券七周年OPEN DAY上，老虎证券技术副总裁柳锴分享了老虎证券作为领先互联网券商的技术发展，并提出券商要实现差异化竞争","content":"<p><a href=\"https://laohu8.com/RN?name=RNLive&rndata=%7B%22liveId%22:%2216226253307800%22%7D&feature=Push\" target=\"_blank\"><b>[Live broadcast] Tiger 7th Anniversary Open Day</b></a></p><p>How Can Technology Make Investing Better? On June 12th, at the 7th anniversary OPEN DAY of Tiger Securities, Liu Kai, vice president of technology of Tiger Securities, shared the technological development of Tiger Securities as a leading Internet securities firm, and proposed that securities firms should achieve differentiated competition, \"technology needs to always be half a position ahead of business\".</p><p><img src=\"https://static.tigerbbs.com/db803d13a1f9a9c334aa331ae8a5a1c9\" tg-width=\"1080\" tg-height=\"1527\" referrerpolicy=\"no-referrer\"></p><p>\"From last year's epic circuit breaker in U.S. stocks, crude oil falling below negative figures for the first time, to this year's retail investors' group to fight Wall Street, the violently shaking market is a challenge for the entire brokerage industry, especially in terms of system carrying capacity and stability.\" Liu Kai said.</p><p>\"Factors such as whether it can cope with high concurrency scenarios, how long each market request responds, and how fast transaction orders are processed are directly related to the trading experience. The transaction uses real money, so the brokerage technology system is extremely important.\" Liu Kai said that Tiger Securities has been stuck on technology and constantly optimized the bottom layer of self-research. On the one hand, it has built a complete set of stability guarantee schemes and formulated plans in advance for extreme market scenarios to ensure the high availability of the system. On the other hand, the company has accelerated the research and development and iteration of infrastructure including self-clearing, and improved system scalability and clearing and settlement capabilities. Since the beginning of this year, the transaction capacity has increased by more than 5 times.</p><p>In Liu Kai's view, as the competition between securities firms enters the second half of the game, whether to master the underlying technology independently will be the next key match point. It revealed at the scene that Tiger Securities will soon launch the option portfolio trading function to further meet the diversified trading needs of high-level option players.</p><p>\"Internet brokerage is a deep integration of finance and technology. Like all industries, the premise of Internet brokerage technology research and development is to have a deep understanding of users' pain points and needs.\" Liu Kai said that on the basis of digging deep into users' needs, the production and research team also needs to accurately grasp future investment trends and technology development models. \"In the future, Tiger Securities will achieve a more stable system, faster transaction speed, more transaction types, better user experience and lower user transaction costs.\"</p><p>Talking about how to accelerate the international layout from the technical side, Liu Kai revealed that Tiger Securities is currently vigorously promoting the construction of China and Taiwan. By establishing a centralized and unified data middle platform, technology middle platform and growth middle platform, different markets can quickly share, replicate and verify technology and commercialization experience, improving the efficiency of production, research and localization operations.</p><p>\"Tiger Securities is internationalizing and globalizing. With the expansion of the territory, there will naturally be more competition, but we believe that Tiger Securities has strong technical capabilities and user scenario control capabilities, and we will spare no effort to continue to consolidate the research and development foundation in the future, and continue to be at the forefront of the industry.\" Liu Kai said.</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>Liu Kai, Vice President of Technology of Tiger Brokers: Technology needs to always be half a position ahead of the business</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\">\nLiu Kai, Vice President of Technology of Tiger Brokers: Technology needs to always be half a position ahead of the business\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\">2021-06-12 15:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/RN?name=RNLive&rndata=%7B%22liveId%22:%2216226253307800%22%7D&feature=Push\" target=\"_blank\"><b>[Live broadcast] Tiger 7th Anniversary Open Day</b></a></p><p>How Can Technology Make Investing Better? On June 12th, at the 7th anniversary OPEN DAY of Tiger Securities, Liu Kai, vice president of technology of Tiger Securities, shared the technological development of Tiger Securities as a leading Internet securities firm, and proposed that securities firms should achieve differentiated competition, \"technology needs to always be half a position ahead of business\".</p><p><img src=\"https://static.tigerbbs.com/db803d13a1f9a9c334aa331ae8a5a1c9\" tg-width=\"1080\" tg-height=\"1527\" referrerpolicy=\"no-referrer\"></p><p>\"From last year's epic circuit breaker in U.S. stocks, crude oil falling below negative figures for the first time, to this year's retail investors' group to fight Wall Street, the violently shaking market is a challenge for the entire brokerage industry, especially in terms of system carrying capacity and stability.\" Liu Kai said.</p><p>\"Factors such as whether it can cope with high concurrency scenarios, how long each market request responds, and how fast transaction orders are processed are directly related to the trading experience. The transaction uses real money, so the brokerage technology system is extremely important.\" Liu Kai said that Tiger Securities has been stuck on technology and constantly optimized the bottom layer of self-research. On the one hand, it has built a complete set of stability guarantee schemes and formulated plans in advance for extreme market scenarios to ensure the high availability of the system. On the other hand, the company has accelerated the research and development and iteration of infrastructure including self-clearing, and improved system scalability and clearing and settlement capabilities. Since the beginning of this year, the transaction capacity has increased by more than 5 times.</p><p>In Liu Kai's view, as the competition between securities firms enters the second half of the game, whether to master the underlying technology independently will be the next key match point. It revealed at the scene that Tiger Securities will soon launch the option portfolio trading function to further meet the diversified trading needs of high-level option players.</p><p>\"Internet brokerage is a deep integration of finance and technology. Like all industries, the premise of Internet brokerage technology research and development is to have a deep understanding of users' pain points and needs.\" Liu Kai said that on the basis of digging deep into users' needs, the production and research team also needs to accurately grasp future investment trends and technology development models. \"In the future, Tiger Securities will achieve a more stable system, faster transaction speed, more transaction types, better user experience and lower user transaction costs.\"</p><p>Talking about how to accelerate the international layout from the technical side, Liu Kai revealed that Tiger Securities is currently vigorously promoting the construction of China and Taiwan. By establishing a centralized and unified data middle platform, technology middle platform and growth middle platform, different markets can quickly share, replicate and verify technology and commercialization experience, improving the efficiency of production, research and localization operations.</p><p>\"Tiger Securities is internationalizing and globalizing. With the expansion of the territory, there will naturally be more competition, but we believe that Tiger Securities has strong technical capabilities and user scenario control capabilities, and we will spare no effort to continue to consolidate the research and development foundation in the future, and continue to be at the forefront of the industry.\" Liu Kai said.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/44d6afe93fb11279b2ba9ac83bf62c23","relate_stocks":{"TIGR":"老虎证券"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176185879","content_text":"【正在直播】老虎7周年Open Day\n科技如何让投资更美好？6月12日的老虎证券七周年OPEN DAY上，老虎证券技术副总裁柳锴分享了老虎证券作为领先互联网券商的技术发展，并提出券商要实现差异化竞争，“技术需始终领先业务半个身位”。\n\n “从去年美股史诗级熔断、原油破天荒跌破负数到今年散户抱团大战华尔街，剧烈震动的行情对于整个券商行业来说都是挑战，尤其是系统承载能力、稳定性等方面。”柳锴说。\n “是否能应对高并发场景、每个行情请求的响应时长有多少、交易订单的处理速度有多快等因素都与交易体验直接相关。交易用的是真金白银，所以券商技术系统极其重要。”柳锴表示，老虎证券一直以来死磕技术，不断优化自研底层，一方面构建了一整套稳定性保障方案，对极端行情场景提前制定预案，以保障系统的高可用性。另一方面，公司加速推进包括自清算在内的基础建设研发和迭代，提升系统扩展性和清结算能力，今年以来交易容量提升5倍以上。\n 在柳锴看来，随着券商竞争进入下半局，是否自主掌握底层技术将是接下来的关键赛点。其在现场透露，老虎证券即将上线期权组合交易功能，进一步满足高阶期权玩家多样化交易需求。\n “互联网券商是金融和技术的深度融合。和所有行业一样，互联网券商技术研发的前提是对用户痛点和需求有深刻的理解。”柳锴表示，在深挖用户需求的基础上，产研团队还需精准把握未来投资趋势和技术发展模式，“老虎证券未来要做到系统更稳、交易速度更快、支持交易类型更多、用户体验更好以及用户交易成本更低。”\n 谈及如何从技术侧加速国际化布局，柳锴透露老虎证券目前正在大力推进中台建设。通过建立集中统一的数据中台、技术中台和增长中台，不同市场可将技术和商业化经验快速共享、复制及验证，提高产研和本地化运营效率。\n “老虎证券正在国际化、全球化。随着版图的扩大，竞争自然也会多一些，但我们相信老虎证券有很强的技术能力和用户场景把控能力，未来我们也会不遗余力地持续夯实研发基础，继续走在行业前端。”柳锴说。","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}