Sky_Chew personal page - To The Moon

Sky_Chew

Sky_Chew

No personal profile

13Follow

0Followers

0Topic

0Badge

2021-07-09

??

Xiaomi Group rose more than 5%! Acquisition of autonomous driving company DeepMotion

2021-07-08

?

Xiaomi Group: 7.75 million shares were repurchased today at a total cost of HK $197 million

2021-07-08

Good

Sorry, the original content has been removed

2021-07-03

ok

In 19 days, Jia Yueting is going to do something big?

2021-07-01

Ok

Reminder: Due to the anniversary of Hong Kong's return, Hong Kong stocks will be closed on July 1

2021-06-30

??

Sorry, the original content has been removed

2021-06-28

??

Growth VS value, this is the biggest difference in US stocks right now

2021-06-22

。。。

Sorry, the original content has been removed

2021-06-21

buy？

Sorry, the original content has been removed

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3577705130761729","uuid":"3577705130761729","gmtCreate":1614611107763,"gmtModify":1624071003219,"name":"Sky_Chew","pinyin":"skychewskychew","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":13,"tweetSize":16,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":48,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.04.10","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.08","exceedPercentage":"60.46%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.09","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":1,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":143428362,"gmtCreate":1625811166056,"gmtModify":1703749039249,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577705130761729","idStr":"3577705130761729"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143428362","repostId":"1112290720","repostType":4,"repost":{"id":"1112290720","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":1625807791,"share":"https://ttm.financial/m/news/1112290720?lang=en_US&edition=fundamental","pubTime":"2021-07-09 13:16","market":"hk","language":"zh","title":"Xiaomi Group rose more than 5%! Acquisition of autonomous driving company DeepMotion","url":"https://stock-news.laohu8.com/highlight/detail?id=1112290720","media":"老虎资讯综合","summary":"7月9日，小米集团-W涨超5%，消息称小米集团已经在近期收购自动驾驶技术公司DeepMotion(深动科技)。\n\n小米加速造车进程：收购自动驾驶公司 DeepMotion\n小米造车新进展。\n汽车之心从","content":"<p>July 9th,<a href=\"https://laohu8.com/S/01810\">Xiaomi Group-W</a>It rose more than 5%. It is reported that Xiaomi Group has recently acquired DeepMotion, an autonomous driving technology company.</p><p><img src=\"https://static.tigerbbs.com/0f1211fba5e5b919b70b173c517d9865\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>Xiaomi accelerates car manufacturing process: acquires autonomous driving company DeepMotion</b></p><p>New progress in Xiaomi's car manufacturing.</p><p>Car Heart learned from multiple information sources:<b>Millet</b>Has recently acquired autonomous driving technology companies<b>DeepMotion</b>(Shendong Technology). DeepMotion will have a team of up to 20 people joining Xiaomi.</p><p>This will help Xiaomi initially complete the lineup of persons in charge of each module of autonomous driving technology, which may lay the foundation for the research and development of Xiaomi's autonomous driving technology.</p><p>Before press release, Auto Heart verified this matter with Xiaomi's public relations department and DeepMotion officials. Xiaomi's public relations department said it was not clear about the acquisition, while DeepMotion has not yet responded.</p><p><b>1. Who is DeepMotion?</b></p><p>DeepMotion was founded in July 2017. Many people in the autonomous driving industry classify DeepMotion as a high-precision map and positioning technology company.</p><p><img src=\"https://static.tigerbbs.com/10f017cd1452d36c5a189b47f73fec18\" tg-width=\"640\" tg-height=\"225\" referrerpolicy=\"no-referrer\"></p><p>The co-founders of DeepMotion-CEO Cai Rui, CTO Li Zhiwei, chief scientist Yang Kuiyuan, and R&D director Zhang Chi are all born<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Background of the Institute of Sub-Research.</p><p>In 2018, Cai Rui said in an interview with the media: Deepmotion adopts a vision-based multi-sensor fusion strategy.</p><p>At that time, its high-precision positioning technology had been able to achieve positioning accuracy of 30-40cm front and rear and 10-20cm left and right. In terms of technical route, Deepmotion takes high-precision maps as the core and integrates perception, positioning and composition modules at the algorithm level.</p><p><img src=\"https://static.tigerbbs.com/c54a1f9094cd444a9afa844974b8b942\" tg-width=\"640\" tg-height=\"249\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ae129b17eaa75948eda75445740d7253\" tg-width=\"640\" tg-height=\"210\" referrerpolicy=\"no-referrer\"></p><p>With<b>High-precision mapping and positioning</b>As a starting point, DeepMotion subsequently began to provide full-stack autonomous driving solutions, including<b>Forward/Surround/Perception System</b>、<b>Autonomous Valet Parking AVP</b>Solutions and other technologies.</p><p><img src=\"https://static.tigerbbs.com/bad9bb07fbc884164092f3bd990d96e5\" tg-width=\"640\" tg-height=\"261\" referrerpolicy=\"no-referrer\"></p><p>Overall, a person close to this acquisition commented to Auto Heart that the main team of DeepMotion comes from Microsoft Asia Research.<b>Strong algorithm ability</b>, will complement Xiaomi in terms of engineering capabilities and commercialization.</p><p>If the DeepMotion team and Xiaomi Automobile Autopilot team successfully complete the integration, we can basically infer that Xiaomi Autopilot will adopt a vision-based solution, configure high-precision maps, and support technical paths such as crowdsourcing collection and update.</p><p><b>2. Why did Xiaomi acquire DeepMotion?</b></p><p>Industry insiders analyzed to Auto Heart that there may be three reasons why Xiaomi chose to acquire DeepMotion:</p><p><ul><li>DeepMotion has strong technical ability;</p><p></li><li>The equity of the target company is relatively simple and the valuation is relatively low;</p><p></li><li>The prospect of commercialization of high-precision map tracks is unclear.</p><p></li></ul>If we say<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It is the Whampoa Military Academy of autonomous driving in China, so<b>Microsoft Research Asia</b>It is<b>Chinese AI algorithm talents</b>Of<b>Huangpu Military Academy</b>It is not an exaggeration to add the word top in front of talent.</p><p>Megvii's chief scientist Sun Jian, Momenta's CEO Cao Xudong,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Autonomous driving of<a href=\"https://laohu8.com/S/VP..UK\">VP</a>Ren Shaoqing and others are all from Microsoft Asia Research.</p><p>A former DeepMotion employee is also at<a href=\"https://laohu8.com/S/ZH\">Zhihu</a>It is mentioned that there is a high academic enthusiasm within the company.</p><p>DeepMotion's core team focuses on Microsoft sub-research<b>Deep Learning</b>With<b>Stereoscopic vision</b>Aspects of research.</p><p>By 2018, DeepMotion announced that it had the mature ability to produce high-precision maps of expressways/expressways on a large scale, and the automation degree of high-precision maps of more complex central urban roads had reached 90%.</p><p>Many industry insiders directly or indirectly said that DeepMotion's technical capabilities are very good.</p><p>But this does not mean that the company's development will be smooth.</p><p>In fact, DeepMotion's last round of public financing was the A round of financing completed in March 2018. This round of financing was led by Red Dot China, followed by angel round investor Source Code Capital, with a financing amount of tens of millions of dollars.</p><p>But since then, Deepmotion has not announced any further financing news.</p><p>This is related to the characteristics, control and competition of high-precision map tracks. We'll expand later.</p><p>From the valuation level, the expected valuation of DeepMotion seeking financing in early 2020 is US $200 million.</p><p>According to the information we have learned, the valuation of this round of Xiaomi's acquisition of DeepMotion may be<b>RMB 1 billion level</b>。</p><p>Compared with the leading autonomous driving companies on the market, DeepMotion's valuation is relatively low.</p><p>Pony.ai was valued at US $5.3 billion after completing a round of financing at the beginning of this year, WeRide's latest valuation was US $3.3 billion, and Momenta crossed the US $1 billion valuation threshold in 2018.</p><p><b>3. High-precision maps: it is a huge market, and it is also Huarong Road</b></p><p>The field of high-precision maps where DeepMotion is located has a broad market space, but it is also a very narrow and crowded track.</p><p>With the launch of pilot assisted driving functions such as Nio NOP and XPeng NGP, many models of both traditional car companies and new car companies are already equipped with high-precision maps. But most of these high-precision maps come from Baidu, Amap and<a href=\"https://laohu8.com/S/002405\">NavInfo</a>Waiting for large graphic dealers.</p><p>Because maps are closely related to homeland security, the collection, drawing and storage of map data are subject to specific legal supervision.</p><p>At present, only more than 20 companies in China have obtained Class A surveying and mapping qualifications required to make navigation electronic maps. Since 2019, the review of Class A surveying and mapping qualifications has been relaxed, and new entrants such as Kuanzhu Technology, Momenta, Huawei, Meituan and other companies have successively obtained Class A qualifications.</p><p><img src=\"https://static.tigerbbs.com/8435146af095e24e4973f854e0ad0802\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"></p><p>But DeepMotion did not achieve the required qualifications. This may also be one of the reasons why DeepMotion will switch to full-stack autonomous driving solutions in the future.</p><p>The acquisition cost of high-precision maps is high, and it is more difficult to update them on a large scale afterwards.</p><p>It is extremely difficult to complete high-precision map collection with only 1-2 car company customers<b>Amortisation of cost</b>After mass production, it is impossible to achieve large-scale road coverage and regular updates, which makes it difficult for small and medium-sized enterprises in the field of high-precision maps.</p><p><b>4. The trend of Xiaomi's autonomous driving</b></p><p>DeepMotion has a team of more than 40 people at its peak.</p><p>Auto Heart learned that with the acquisition, more than 20 people from DeepMotion may join Xiaomi.</p><p>Prior to this, Xiaomi's autonomous driving team was still in the early preparatory stage, and the internal autonomous driving business was transferred to the general manager of the Artificial Intelligence Department<b>Ye Hangjun</b>Report, Ye Hangjun was also Xiao Ai's boss for a period of time.</p><p>After DeepMotion joins, its key personnel will assume the role of the person in charge of each module of autonomous driving.</p><p>Looking back at history, there are always some similarities in stories.</p><p><img src=\"https://static.tigerbbs.com/4c6665b9b1980f51691501edf56c8c8f\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>In 2019,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The acquisition of Drive.ai, an autonomous driving company initiated by Andrew Ng, is said to be preparing for the car manufacturing business.</p><p>Wang Tao, co-founder of Drive.ai, subsequently joined<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>, is now the head of XPeng Motor's North American perception research and development.</p><p>By the way, XPeng's autonomous driving route is also a vision-based solution, equipped with high-precision maps. In addition, XPeng's car price positioning is a model of 150,000-300,000 yuan. With such a price range and technical route, XPeng Motors and Xiaomi Motors may have a battle.</p><p>Back to Xiaomi, it has invested in an autonomous driving company after announcing its car manufacturing this year.</p><p>On June 3,<b>Zongmu Technology</b>Officially announced the completion of US $190 million in Series D financing, of which Xiaomi Yangtze River Industry Fund led the D3 financing. Zongmu Technology's flagship product is automatic parking system, and its benchmark customers include<a href=\"https://laohu8.com/S/000625\">Changan Automobile</a>, Dongfeng Lantu, etc.</p><p>Another piece of news shows that Xiaomi intends to participate in an AI chip company, whose main direction is a large computing power autonomous driving computing platform.</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>Xiaomi Group rose more than 5%! Acquisition of autonomous driving company DeepMotion</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 Group rose more than 5%! Acquisition of autonomous driving company DeepMotion\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\">2021-07-09 13:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>July 9th,<a href=\"https://laohu8.com/S/01810\">Xiaomi Group-W</a>It rose more than 5%. It is reported that Xiaomi Group has recently acquired DeepMotion, an autonomous driving technology company.</p><p><img src=\"https://static.tigerbbs.com/0f1211fba5e5b919b70b173c517d9865\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>Xiaomi accelerates car manufacturing process: acquires autonomous driving company DeepMotion</b></p><p>New progress in Xiaomi's car manufacturing.</p><p>Car Heart learned from multiple information sources:<b>Millet</b>Has recently acquired autonomous driving technology companies<b>DeepMotion</b>(Shendong Technology). DeepMotion will have a team of up to 20 people joining Xiaomi.</p><p>This will help Xiaomi initially complete the lineup of persons in charge of each module of autonomous driving technology, which may lay the foundation for the research and development of Xiaomi's autonomous driving technology.</p><p>Before press release, Auto Heart verified this matter with Xiaomi's public relations department and DeepMotion officials. Xiaomi's public relations department said it was not clear about the acquisition, while DeepMotion has not yet responded.</p><p><b>1. Who is DeepMotion?</b></p><p>DeepMotion was founded in July 2017. Many people in the autonomous driving industry classify DeepMotion as a high-precision map and positioning technology company.</p><p><img src=\"https://static.tigerbbs.com/10f017cd1452d36c5a189b47f73fec18\" tg-width=\"640\" tg-height=\"225\" referrerpolicy=\"no-referrer\"></p><p>The co-founders of DeepMotion-CEO Cai Rui, CTO Li Zhiwei, chief scientist Yang Kuiyuan, and R&D director Zhang Chi are all born<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Background of the Institute of Sub-Research.</p><p>In 2018, Cai Rui said in an interview with the media: Deepmotion adopts a vision-based multi-sensor fusion strategy.</p><p>At that time, its high-precision positioning technology had been able to achieve positioning accuracy of 30-40cm front and rear and 10-20cm left and right. In terms of technical route, Deepmotion takes high-precision maps as the core and integrates perception, positioning and composition modules at the algorithm level.</p><p><img src=\"https://static.tigerbbs.com/c54a1f9094cd444a9afa844974b8b942\" tg-width=\"640\" tg-height=\"249\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ae129b17eaa75948eda75445740d7253\" tg-width=\"640\" tg-height=\"210\" referrerpolicy=\"no-referrer\"></p><p>With<b>High-precision mapping and positioning</b>As a starting point, DeepMotion subsequently began to provide full-stack autonomous driving solutions, including<b>Forward/Surround/Perception System</b>、<b>Autonomous Valet Parking AVP</b>Solutions and other technologies.</p><p><img src=\"https://static.tigerbbs.com/bad9bb07fbc884164092f3bd990d96e5\" tg-width=\"640\" tg-height=\"261\" referrerpolicy=\"no-referrer\"></p><p>Overall, a person close to this acquisition commented to Auto Heart that the main team of DeepMotion comes from Microsoft Asia Research.<b>Strong algorithm ability</b>, will complement Xiaomi in terms of engineering capabilities and commercialization.</p><p>If the DeepMotion team and Xiaomi Automobile Autopilot team successfully complete the integration, we can basically infer that Xiaomi Autopilot will adopt a vision-based solution, configure high-precision maps, and support technical paths such as crowdsourcing collection and update.</p><p><b>2. Why did Xiaomi acquire DeepMotion?</b></p><p>Industry insiders analyzed to Auto Heart that there may be three reasons why Xiaomi chose to acquire DeepMotion:</p><p><ul><li>DeepMotion has strong technical ability;</p><p></li><li>The equity of the target company is relatively simple and the valuation is relatively low;</p><p></li><li>The prospect of commercialization of high-precision map tracks is unclear.</p><p></li></ul>If we say<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It is the Whampoa Military Academy of autonomous driving in China, so<b>Microsoft Research Asia</b>It is<b>Chinese AI algorithm talents</b>Of<b>Huangpu Military Academy</b>It is not an exaggeration to add the word top in front of talent.</p><p>Megvii's chief scientist Sun Jian, Momenta's CEO Cao Xudong,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Autonomous driving of<a href=\"https://laohu8.com/S/VP..UK\">VP</a>Ren Shaoqing and others are all from Microsoft Asia Research.</p><p>A former DeepMotion employee is also at<a href=\"https://laohu8.com/S/ZH\">Zhihu</a>It is mentioned that there is a high academic enthusiasm within the company.</p><p>DeepMotion's core team focuses on Microsoft sub-research<b>Deep Learning</b>With<b>Stereoscopic vision</b>Aspects of research.</p><p>By 2018, DeepMotion announced that it had the mature ability to produce high-precision maps of expressways/expressways on a large scale, and the automation degree of high-precision maps of more complex central urban roads had reached 90%.</p><p>Many industry insiders directly or indirectly said that DeepMotion's technical capabilities are very good.</p><p>But this does not mean that the company's development will be smooth.</p><p>In fact, DeepMotion's last round of public financing was the A round of financing completed in March 2018. This round of financing was led by Red Dot China, followed by angel round investor Source Code Capital, with a financing amount of tens of millions of dollars.</p><p>But since then, Deepmotion has not announced any further financing news.</p><p>This is related to the characteristics, control and competition of high-precision map tracks. We'll expand later.</p><p>From the valuation level, the expected valuation of DeepMotion seeking financing in early 2020 is US $200 million.</p><p>According to the information we have learned, the valuation of this round of Xiaomi's acquisition of DeepMotion may be<b>RMB 1 billion level</b>。</p><p>Compared with the leading autonomous driving companies on the market, DeepMotion's valuation is relatively low.</p><p>Pony.ai was valued at US $5.3 billion after completing a round of financing at the beginning of this year, WeRide's latest valuation was US $3.3 billion, and Momenta crossed the US $1 billion valuation threshold in 2018.</p><p><b>3. High-precision maps: it is a huge market, and it is also Huarong Road</b></p><p>The field of high-precision maps where DeepMotion is located has a broad market space, but it is also a very narrow and crowded track.</p><p>With the launch of pilot assisted driving functions such as Nio NOP and XPeng NGP, many models of both traditional car companies and new car companies are already equipped with high-precision maps. But most of these high-precision maps come from Baidu, Amap and<a href=\"https://laohu8.com/S/002405\">NavInfo</a>Waiting for large graphic dealers.</p><p>Because maps are closely related to homeland security, the collection, drawing and storage of map data are subject to specific legal supervision.</p><p>At present, only more than 20 companies in China have obtained Class A surveying and mapping qualifications required to make navigation electronic maps. Since 2019, the review of Class A surveying and mapping qualifications has been relaxed, and new entrants such as Kuanzhu Technology, Momenta, Huawei, Meituan and other companies have successively obtained Class A qualifications.</p><p><img src=\"https://static.tigerbbs.com/8435146af095e24e4973f854e0ad0802\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"></p><p>But DeepMotion did not achieve the required qualifications. This may also be one of the reasons why DeepMotion will switch to full-stack autonomous driving solutions in the future.</p><p>The acquisition cost of high-precision maps is high, and it is more difficult to update them on a large scale afterwards.</p><p>It is extremely difficult to complete high-precision map collection with only 1-2 car company customers<b>Amortisation of cost</b>After mass production, it is impossible to achieve large-scale road coverage and regular updates, which makes it difficult for small and medium-sized enterprises in the field of high-precision maps.</p><p><b>4. The trend of Xiaomi's autonomous driving</b></p><p>DeepMotion has a team of more than 40 people at its peak.</p><p>Auto Heart learned that with the acquisition, more than 20 people from DeepMotion may join Xiaomi.</p><p>Prior to this, Xiaomi's autonomous driving team was still in the early preparatory stage, and the internal autonomous driving business was transferred to the general manager of the Artificial Intelligence Department<b>Ye Hangjun</b>Report, Ye Hangjun was also Xiao Ai's boss for a period of time.</p><p>After DeepMotion joins, its key personnel will assume the role of the person in charge of each module of autonomous driving.</p><p>Looking back at history, there are always some similarities in stories.</p><p><img src=\"https://static.tigerbbs.com/4c6665b9b1980f51691501edf56c8c8f\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>In 2019,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The acquisition of Drive.ai, an autonomous driving company initiated by Andrew Ng, is said to be preparing for the car manufacturing business.</p><p>Wang Tao, co-founder of Drive.ai, subsequently joined<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>, is now the head of XPeng Motor's North American perception research and development.</p><p>By the way, XPeng's autonomous driving route is also a vision-based solution, equipped with high-precision maps. In addition, XPeng's car price positioning is a model of 150,000-300,000 yuan. With such a price range and technical route, XPeng Motors and Xiaomi Motors may have a battle.</p><p>Back to Xiaomi, it has invested in an autonomous driving company after announcing its car manufacturing this year.</p><p>On June 3,<b>Zongmu Technology</b>Officially announced the completion of US $190 million in Series D financing, of which Xiaomi Yangtze River Industry Fund led the D3 financing. Zongmu Technology's flagship product is automatic parking system, and its benchmark customers include<a href=\"https://laohu8.com/S/000625\">Changan Automobile</a>, Dongfeng Lantu, etc.</p><p>Another piece of news shows that Xiaomi intends to participate in an AI chip company, whose main direction is a large computing power autonomous driving computing platform.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3df686d3a6ca977e8c6841905eb7e18c","relate_stocks":{"01810":"小米集团-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112290720","content_text":"7月9日，小米集团-W涨超5%，消息称小米集团已经在近期收购自动驾驶技术公司DeepMotion(深动科技)。\n\n小米加速造车进程：收购自动驾驶公司 DeepMotion\n小米造车新进展。\n汽车之心从多个信息源获悉：小米已经在近期收购自动驾驶技术公司DeepMotion（深动科技）。DeepMotion 最多将有 20 余人的团队加入小米。\n这将帮助小米初步补齐自动驾驶技术各个模块的负责人阵容，此举或将奠定小米汽车自动驾驶技术研发的基础。\n在发稿前，汽车之心就此事向小米公关部以及 DeepMotion 官方核实。小米公关部表示「不清楚」收购事宜，DeepMotion 方面则还未做出回应。\n1、谁是 DeepMotion？\nDeepMotion 创办于 2017 年 7 月。多位自动驾驶行业人士将 DeepMotion 归入「高精地图与定位技术公司」的范畴。\n\nDeepMotion 的联合创始人——CEO 蔡锐、CTO 李志伟、首席科学家杨奎元、研发总监张驰 4 人均系出身微软亚研究院的背景。\n2018 年，蔡锐在接受媒体采访时表示：Deepmotion 采用了视觉为主的多传感器融合策略。\n当时，其高精度定位技术已经能达到前后 30 - 40cm、左右 10 - 20cm 的定位精度。在技术路线方面，Deepmotion 以高精地图为核心，对感知、定位与构图模块在算法层面进行整合。\n\n以高精度地图和定位为出发点，后续 DeepMotion 开始提供全栈的自动驾驶解决方案，包括前视/环视/感知系统、自主代客泊车 AVP方案等技术。\n\n整体上，一位接近此项收购事宜的人士向汽车之心评价，DeepMotion 的主要团队出自微软亚研，算法能力强，与小米在工程能力和商业化上将形成互补。\n如果 DeepMotion 团队与小米汽车自动驾驶团队顺利完成整合，我们基本上可以推断，小米自动驾驶将采用以视觉为主的方案，配置高精度地图，支持众包采集更新这样的技术路径。\n2、小米为何收购 DeepMotion？\n业内人士向汽车之心分析，小米选择收购 DeepMotion 可能有 3 方面的原因：\n\nDeepMotion 技术能力强；\n标的公司的股权相对简单，估值相对较低；\n高精度地图赛道商业化前景不清晰。\n\n如果说百度是中国自动驾驶的黄埔军校，那微软亚洲研究院则是中国 AI 算法人才的黄埔军校，在人才前面加上「顶尖」二字也不为过。\n旷视的首席科学家孙剑、Momenta 的 CEO 曹旭东、蔚来的自动驾驶 VP 任少卿等人悉数出自微软亚研。\n一位 DeepMotion 的前员工也在知乎提到，公司内部有很高的学术热情。\nDeepMotion 的核心团队在微软亚研究主攻深度学习与立体视觉方面的研究。\n到 2018 年，DeepMotion 对外宣称，已经具备成熟的大规模制作高速/快速道路高精地图的能力，「较复杂的中心城区道路的高精地图自动化程度已经能达到 90%」。\n有多位业内人士直接或间接表示，DeepMotion 的技术能力很不错。\n但这并不意味着公司的发展就一路坦途。\n实际上，DeepMotion 上一轮公开的融资是在 2018 年 3 月完成的 A 轮融资，这轮融资由红点中国领投，天使轮资方源码资本跟投，融资金额为数千万美元。\n但此后，Deepmotion 就没有再公布进一步的融资消息。\n这与高精度地图赛道的特点、管制以及竞争有关。我们稍后展开。\n从估值层面出发，DeepMotion 在 2020 年初寻求融资的期望估值是 2 亿美元。\n据我们获知的消息，本轮小米收购 DeepMotion 估值可能在10 亿元人民币级别。\n与市面上头部的自动驾驶公司相比，DeepMotion 的估值又是处在相对低位。\nPony.ai 小马智行在完成今年初的一轮融资后估值在 53 亿美元，WeRide 文远知行的最新估值是 33 亿美元，Momenta 则在 2018 年跨过了 10 亿美元估值门槛。\n3、高精度地图：是巨大的市场，也是华容道\nDeepMotion 所在的高精度地图领域，拥有广阔的市场空间，同时又是一个非常狭窄和拥挤的赛道。\n随着蔚来 NOP、小鹏 NGP 等领航辅助驾驶功能推出，目前不管是传统车企还是新车企的不少车型上都已经搭载了高精度地图。但这些高精度地图大部分来自于百度、高德和四维图新等大型图商。\n由于地图与国土安全密切相关，地图数据的采集、绘制、存储都受到特定的法律监管。\n目前，全国仅有 20 余家公司获得制作导航电子地图所需要的甲级测绘资质。2019 年以来，甲级测绘资质的审核有所放宽，新入局者如宽凳科技、Momenta、华为、美团等公司先后拿到了甲级资质。\n\n但 DeepMotion 并未取得所需的资质。这也可能是后续 DeepMotion 转战全栈自动驾驶解决方案的原因之一。\n高精度地图的采集成本高昂，之后更加困难的是进行大规模的更新。\n仅仅凭借 1 - 2 家车企客户，极难完成高精地图采集的成本摊销，量产之后也无法实现大规模的道路覆盖与定期更新，这让高精度地图领域的中小企业举步维艰。\n4、小米自动驾驶的走向\n高峰时期 DeepMotion 有超过 40 人的团队。\n汽车之心获悉，随着收购，DeepMotion 可能有 20 余人加入小米。\n在此之前，小米自动驾驶团队还处于早期筹备阶段，内部的自动驾驶业务向人工智能部总经理叶航军汇报，叶航军在一段时间内也是「小爱同学的老板」。\nDeepMotion 加入后，其骨干人员将承担起自动驾驶各个模块负责人的角色。\n回看历史，故事总是有些相似性。\n\n2019 年，苹果收购了由吴恩达参与发起的自动驾驶公司 Drive.ai，据说就是为造车业务做准备。\nDrive.ai 的联合创始人王弢后续加入了小鹏汽车，现在则是小鹏汽车北美感知研发的负责人。\n顺便提一句，小鹏的自动驾驶路线也是以视觉为主的方案，配置高精度地图。加之小鹏的车价定位是在 15 - 30 万元的车型，这样的价格区间与技术路线，小鹏汽车和小米汽车或有一战。\n回到小米，其在今年宣布造车之后，已经投资了一家自动驾驶公司。\n6 月 3 日，纵目科技官宣完成 1.9 亿美元的 D 轮融资，其中小米长江产业基金领投了 D3 融资。纵目科技的拳头产品是自动泊车系统，标杆客户包括长安汽车、东风岚图等。\n另一则消息则显示，小米有意参投 AI 芯片公司，这家公司的主攻方向是大算力自动驾驶计算平台。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":1143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149708815,"gmtCreate":1625746987637,"gmtModify":1703747651091,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577705130761729","idStr":"3577705130761729"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149708815","repostId":"1160205102","repostType":4,"repost":{"id":"1160205102","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":1625739764,"share":"https://ttm.financial/m/news/1160205102?lang=en_US&edition=fundamental","pubTime":"2021-07-08 18:22","market":"hk","language":"zh","title":"Xiaomi Group: 7.75 million shares were repurchased today at a total cost of HK $197 million","url":"https://stock-news.laohu8.com/highlight/detail?id=1160205102","media":"老虎资讯综合","summary":"7月8日，小米集团在港交所公告称，今日回购775万股，共耗资1.97亿港元。","content":"<p>On July 8, Xiaomi Group announced on the Hong Kong Stock Exchange that it would repurchase 7.75 million shares today at a total cost of HK $197 million.<img src=\"https://static.tigerbbs.com/0e172616aa234f62f7f9b915df5d7f18\" tg-width=\"1595\" tg-height=\"573\"><img src=\"https://static.tigerbbs.com/a7d88e020ca68edd2f98b2a3986e57e9\" 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>Xiaomi Group: 7.75 million shares were repurchased today at a total cost of HK $197 million</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 Group: 7.75 million shares were repurchased today at a total cost of HK $197 million\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\">2021-07-08 18:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 8, Xiaomi Group announced on the Hong Kong Stock Exchange that it would repurchase 7.75 million shares today at a total cost of HK $197 million.<img src=\"https://static.tigerbbs.com/0e172616aa234f62f7f9b915df5d7f18\" tg-width=\"1595\" tg-height=\"573\"><img src=\"https://static.tigerbbs.com/a7d88e020ca68edd2f98b2a3986e57e9\" tg-width=\"840\" tg-height=\"470\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3df686d3a6ca977e8c6841905eb7e18c","relate_stocks":{"01810":"小米集团-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160205102","content_text":"7月8日，小米集团在港交所公告称，今日回购775万股，共耗资1.97亿港元。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":1412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140743530,"gmtCreate":1625676994620,"gmtModify":1703746319939,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577705130761729","idStr":"3577705130761729"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140743530","repostId":"2149945113","repostType":4,"isVote":1,"tweetType":1,"viewCount":1543,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152957483,"gmtCreate":1625266366042,"gmtModify":1703739516243,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577705130761729","idStr":"3577705130761729"},"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/152957483","repostId":"1116214742","repostType":4,"repost":{"id":"1116214742","kind":"news","pubTimestamp":1625237242,"share":"https://ttm.financial/m/news/1116214742?lang=en_US&edition=fundamental","pubTime":"2021-07-02 22:47","market":"us","language":"zh","title":"In 19 days, Jia Yueting is going to do something big?","url":"https://stock-news.laohu8.com/highlight/detail?id=1116214742","media":"铅笔道","summary":"贾跃亭，一个时刻不忘让自己处在舆论漩涡中的男人。\n在被调侃过无数次“下周回国”之后，这次可能是他希望最大的一次。\n近日，贾跃亭创立的电动汽车品牌FF宣布其与PSAC的合并计划已被批准。如果顺利，本月F","content":"<p><img src=\"https://static.tigerbbs.com/a556d406f2cd07fbbf570fb90e4b3c67\" tg-width=\"1080\" tg-height=\"578\" referrerpolicy=\"no-referrer\"></p><p>Jia Yueting, a man who never forgets to put himself in the whirlpool of public opinion.</p><p>After being teased countless times for \"returning to China next week\", this may be the biggest one he hopes for.</p><p>Recently, FF, the electric vehicle brand founded by Jia Yueting, announced that its merger plan with PSAC has been approved. If it goes well, FF will be listed in the United States this month. This merger transaction will provide FF with approximately US $1 billion in funding, and its valuation after listing will be approximately US $3.4 billion.</p><p>This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\". At the same time, Jia Yueting's huge debt may also be repaid.</p><p>However, it is still unknown whether FF, which Jia Yueting has betted on everything, can be listed smoothly. In addition, even if FF is successfully listed, it still faces many problems. Compared with other electric vehicle brands, today's FF is full of shortcomings.</p><p>Jia Yueting, who has left the United States for 4 years and is still suffocating for his \"dream\", how will he and FF go on next? I wonder if he already has the answer in his heart.</p><p>Note: The content of this article mainly comes from the interview of Pencil Road reporters and the public information on the Internet. The arguments are inevitably biased and there is no deliberate misleading.</p><p>Boss Jia's \"debt repayment technology\"</p><p>Recently, a listing news made Jia Yueting the focus of public opinion again.</p><p>FF, whose founder and CPUO he serves as, announced on June 24, US time, that the US stock listing document S4 submitted by the company has officially taken effect, and the US Securities and Exchange Commission has approved the merger plan of PSAC and FF.</p><p>This means that FF listing will become possible in the near future. According to FF, a PSAC shareholder meeting will be held on July 20 to vote on the FF merger. If the merger is successfully passed, it will be listed on Nasdaq on July 21st.</p><p><img src=\"https://static.tigerbbs.com/937db887fc673e84e69530f0738c1588\" tg-width=\"1080\" tg-height=\"761\" referrerpolicy=\"no-referrer\"></p><p>FF also mentioned that this merger transaction will provide FF with approximately US $1 billion in funds, including US $230 million in cash held by PSAC in the form of trust (assuming no redemption). Its valuation after listing is about $3.4 billion.</p><p>Besides, there is a more important point. That is, after the transaction ends, FF's first flagship product FF 91 is expected to be mass-produced and delivered on a large scale within 12 months. This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\".</p><p>The news of FF's listing rekindled the confidence of Jia Yueting's creditors.</p><p>After LeTV's capital chain broke in 2017, Jia Yueting went to the United States to continue building cars. In October 2019, Jia Yueting filed for personal bankruptcy and reorganization in the United States amid the voice of \"paying back the money\". In July 2020, Jia Yueting's bankruptcy and reorganization was finally completed, and the reorganization plan officially came into effect. According to the disclosure of Jia Yueting's debt processing team on October 14, 2019, Jia Yueting's remaining net debt is approximately US $2 billion.</p><p>Regarding his own situation, Jia Yueting was<a href=\"https://laohu8.com/S/WB\">Weibo</a>In the article \"Working to Start a Business, Restarting Life, with My Apology, Gratitude and Commitment\", the article mentioned, \"I put all the remaining personal equity into a creditor trust managed by a third party, and I am no longer a holder of FF equity since then., and become a migrant worker who works with an entrepreneurial mentality and an entrepreneur who starts a business by working.\"</p><p><img src=\"https://static.tigerbbs.com/d1679a6ea996148f8944b03f7aabf94e\" tg-width=\"891\" tg-height=\"746\" referrerpolicy=\"no-referrer\"></p><p>What does Jia Yueting, who has no equity, use to pay off his debt? The answer lies in its personal bankruptcy reorganization plan.</p><p>Jia Yueting is well versed in capital skills, and his \"debt repayment skills\" are even more superb. Jia Yueting chose to transfer his FF equity to creditors through creditor trust. That is to say, creditors have become shareholders of FF. However, the plan stipulates that creditors can only sell the FF equity in the trust after the FF IPO. This means that only after FF goes public can creditors get their own money.</p><p>Regardless of whether creditors are optimistic about FF or not, Jia Yueting can only accept this plan when he cannot come up with real money to repay the debt. Although Jia Yueting euphemistically claims that this is working for creditors, in fact it is to bind creditors to FF and slow down the intensity of debt collection.</p><p>According to S4 documents, FF's original shareholders and creditors (through debt-to-equity swaps) will continue to hold 213,176,594 shares of the company after the transaction, with an equity ratio of 66%. If calculated at a valuation of US $3.4 billion, this part is about US $2.24 billion. If this money can be cashed in, it may not be impossible for Jia Yueting to pay off his debts.</p><p>Looking back, although Jia Yueting's bankruptcy and reorganization process was not without ups and downs, it was also smooth.</p><p>This is not unrelated to Jia Yueting's strategizing. According to media analysis, this has something to do with Jia Yueting's \"turning against each other\" with his family.</p><p>Previously, Jia Yueting was sued by his ex-wife Gan Wei, his brother Jia Yuemin and his sister Jia Yuefang, claiming US $500 million, US $800 million and US $50 million respectively. In this way, Jia Yueting's total debt amount increased, the right to speak of other creditors was diluted, and the bankruptcy reorganization plan was successfully passed. In addition, judging from the debt amount of his family, if FF is successfully listed, Jia Yueting will not have nothing.</p><p>Jia Yueting's way of repaying debts is not just as simple as suspending \"forcing debts\". According to media reports, the quiescent period of the creditor's lawsuit against Jia Yueting is 4 years, which means that the creditor will not file a lawsuit against Jia Yueting within 4 years. If there are no other debts, Jia Yueting's \"Lao Lai\" status may also be lifted. In this case, he was given enough breathing time and a chance to \"whitewash\".</p><p>FF with an uncertain future</p><p>All along, when Jia Yueting's reputation cannot be restored, the biggest impact is actually the financing of FF.</p><p>Jia Yueting also worked hard to finance FF. To this end, Jia Yueting chose to step down as CEO of FF.</p><p>On September 3, 2019, FF announced that Breitfeld Breitfeld became FF's global CEO and Jia Yueting became CPUO (Chief Product and User Officer). From the perspective of financing history, \"de-Jia Yueting\" has indeed achieved certain results.</p><p><img src=\"https://static.tigerbbs.com/d7df018c4258c3696d4279d6bf3e7161\" tg-width=\"900\" tg-height=\"711\" referrerpolicy=\"no-referrer\"></p><p>According to the statistics of Qichacha, FF has raised funds 9 times, totaling tens of billions of yuan.</p><p><img src=\"https://static.tigerbbs.com/7eb89966043e084ffdd3ebf8b1b36908\" tg-width=\"600\" tg-height=\"708\" referrerpolicy=\"no-referrer\"></p><p>It stands to reason that the amount of FF financing is already quite large, but the actual amount of funds received is still unknown. In addition, the specific investment method of investors is not clear.</p><p>According to industry analysts, the actual arrival of FF may not be as much as it seems, otherwise Jia Yueting would not be so anxious to raise funds. In addition, the electric vehicle industry burns money horribly.<a href=\"https://laohu8.com/S/NIO\">Nio</a>, XPeng, and Ideal have both raised billions of dollars, and the pressure on FF funds is naturally not small.</p><p>Nowadays, although FF is about to be listed, the industry is not so optimistic about FF.</p><p>The primary reason is that FF has not actually sold a car so far.</p><p>Back in 2015, Jia Yueting announced that he would build a car, boasting that he would all link LeTV's ecological chain to form a closed loop. However, six years later, LeTV has also been delisted, and FF has not delivered a single car. Looking at other domestic electric vehicle brands in the same period, the performance is remarkable.</p><p>Take the first half of 2021 as an example, Nio vehicles,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>The sales volume is 40,000 +, 30,000 +, and 30,000 + respectively. Even the newly emerging Nezha Automobile's cumulative sales volume in the first half of the year exceeded 20,000 vehicles.</p><p>Let's look at the progress of FF. In May 2021, the first FF Futurist Experience Center was settled in Manhattan, New York, USA.</p><p><img src=\"https://static.tigerbbs.com/2302ae5d340911e1cc5fd974085cc1ca\" tg-width=\"903\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></p><p>The only thing that can please Jia Yueting is the reservation volume of FF's official website. According to FF, by January this year, the number of bookings for FF91 has exceeded 14,000. If FF91 is priced at US $100,000 to US $180,000, FF has at least US $1.4 billion to US $2.52 billion in orders. However, there is no way to verify whether the data is true or not.</p><p>At present, FF91 has accepted reservations in China, with a deposit of 50,000 yuan. However, due to factors such as tariffs, the domestic selling price may reach more than 2 million yuan. It is unknown whether there is a domestic market for such an expensive electric vehicle.</p><p>In order to prove its strength, FF chose to continue to \"paint cakes\". FF once said that FF81 and FF71 for the public are already under development. It is reported that the FF81 starts at US $59,000, which is comparable to the benchmark<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>High-end models such as model S. The FF71 is expected to begin design and development in 2022, with a starting price of $45,000 and is aimed at mid-range consumers.</p><p>Another reason why the outside world is not optimistic about FF is that it is not yet known whether FF's production capacity will be sufficient.</p><p>Previously, FF announced that the Hanford factory already has mass production capacity, with an annual production capacity of 10,000 vehicles, but it will start production within 12 months after the merger of FF and PSAC.</p><p>In addition, according to media reports, FF is also cooperating with a leading manufacturing partner in South Korea to produce FF's follow-up models.</p><p>At the same time, FF also announced that it has signed a framework cooperation agreement with Geely Group and explored the possibility of providing OEM services by a joint venture between Geely and Foxconn.</p><p>However, these news show that FF's production line is not perfect, and its mass production capacity is only a slogan. Look at other domestic brands: XPeng vehicles currently have a planned total production capacity of 350,000 vehicles; Li Auto currently has an annual production capacity of 100,000 vehicles, but its new factory with an annual production capacity of 100,000 vehicles will be completed in 2022; Nio CEO Li Bin recently stated that the second factory in Nio will be put into production in the third quarter of next year, with an annual production capacity of 1 million vehicles.</p><p>Compared with other new car brands, FF seems to be full of shortcomings. Jia Yueting has been dormant for so long, maybe FF may have a big move in technology, but the answer can only be revealed one year later.</p><p>In April this year, Jia Yueting, who seemed to have seen the dawn, was hit hard again. LeTV said that it received the administrative penalty decision from Beijing Securities Regulatory Bureau of China Securities Regulatory Commission. For ten consecutive years of financial fraud from 2007 to 2016, LeTV was fined 240.6 million yuan and Jia Yueting was fined 241.2 million yuan. There are more voices questioning Jia Yueting.</p><p>July is a critical month for FF to go public. Can FF land smoothly? What is the stock price after listing? How should FF open the market? They are all gullies in front of Jia Yueting.</p>","source":"lsy1576054490042","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>In 19 days, Jia Yueting is going to do something big?</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\">\nIn 19 days, Jia Yueting is going to do something big?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">铅笔道</strong><span class=\"h-time small\">2021-07-02 22:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/a556d406f2cd07fbbf570fb90e4b3c67\" tg-width=\"1080\" tg-height=\"578\" referrerpolicy=\"no-referrer\"></p><p>Jia Yueting, a man who never forgets to put himself in the whirlpool of public opinion.</p><p>After being teased countless times for \"returning to China next week\", this may be the biggest one he hopes for.</p><p>Recently, FF, the electric vehicle brand founded by Jia Yueting, announced that its merger plan with PSAC has been approved. If it goes well, FF will be listed in the United States this month. This merger transaction will provide FF with approximately US $1 billion in funding, and its valuation after listing will be approximately US $3.4 billion.</p><p>This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\". At the same time, Jia Yueting's huge debt may also be repaid.</p><p>However, it is still unknown whether FF, which Jia Yueting has betted on everything, can be listed smoothly. In addition, even if FF is successfully listed, it still faces many problems. Compared with other electric vehicle brands, today's FF is full of shortcomings.</p><p>Jia Yueting, who has left the United States for 4 years and is still suffocating for his \"dream\", how will he and FF go on next? I wonder if he already has the answer in his heart.</p><p>Note: The content of this article mainly comes from the interview of Pencil Road reporters and the public information on the Internet. The arguments are inevitably biased and there is no deliberate misleading.</p><p>Boss Jia's \"debt repayment technology\"</p><p>Recently, a listing news made Jia Yueting the focus of public opinion again.</p><p>FF, whose founder and CPUO he serves as, announced on June 24, US time, that the US stock listing document S4 submitted by the company has officially taken effect, and the US Securities and Exchange Commission has approved the merger plan of PSAC and FF.</p><p>This means that FF listing will become possible in the near future. According to FF, a PSAC shareholder meeting will be held on July 20 to vote on the FF merger. If the merger is successfully passed, it will be listed on Nasdaq on July 21st.</p><p><img src=\"https://static.tigerbbs.com/937db887fc673e84e69530f0738c1588\" tg-width=\"1080\" tg-height=\"761\" referrerpolicy=\"no-referrer\"></p><p>FF also mentioned that this merger transaction will provide FF with approximately US $1 billion in funds, including US $230 million in cash held by PSAC in the form of trust (assuming no redemption). Its valuation after listing is about $3.4 billion.</p><p>Besides, there is a more important point. That is, after the transaction ends, FF's first flagship product FF 91 is expected to be mass-produced and delivered on a large scale within 12 months. This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\".</p><p>The news of FF's listing rekindled the confidence of Jia Yueting's creditors.</p><p>After LeTV's capital chain broke in 2017, Jia Yueting went to the United States to continue building cars. In October 2019, Jia Yueting filed for personal bankruptcy and reorganization in the United States amid the voice of \"paying back the money\". In July 2020, Jia Yueting's bankruptcy and reorganization was finally completed, and the reorganization plan officially came into effect. According to the disclosure of Jia Yueting's debt processing team on October 14, 2019, Jia Yueting's remaining net debt is approximately US $2 billion.</p><p>Regarding his own situation, Jia Yueting was<a href=\"https://laohu8.com/S/WB\">Weibo</a>In the article \"Working to Start a Business, Restarting Life, with My Apology, Gratitude and Commitment\", the article mentioned, \"I put all the remaining personal equity into a creditor trust managed by a third party, and I am no longer a holder of FF equity since then., and become a migrant worker who works with an entrepreneurial mentality and an entrepreneur who starts a business by working.\"</p><p><img src=\"https://static.tigerbbs.com/d1679a6ea996148f8944b03f7aabf94e\" tg-width=\"891\" tg-height=\"746\" referrerpolicy=\"no-referrer\"></p><p>What does Jia Yueting, who has no equity, use to pay off his debt? The answer lies in its personal bankruptcy reorganization plan.</p><p>Jia Yueting is well versed in capital skills, and his \"debt repayment skills\" are even more superb. Jia Yueting chose to transfer his FF equity to creditors through creditor trust. That is to say, creditors have become shareholders of FF. However, the plan stipulates that creditors can only sell the FF equity in the trust after the FF IPO. This means that only after FF goes public can creditors get their own money.</p><p>Regardless of whether creditors are optimistic about FF or not, Jia Yueting can only accept this plan when he cannot come up with real money to repay the debt. Although Jia Yueting euphemistically claims that this is working for creditors, in fact it is to bind creditors to FF and slow down the intensity of debt collection.</p><p>According to S4 documents, FF's original shareholders and creditors (through debt-to-equity swaps) will continue to hold 213,176,594 shares of the company after the transaction, with an equity ratio of 66%. If calculated at a valuation of US $3.4 billion, this part is about US $2.24 billion. If this money can be cashed in, it may not be impossible for Jia Yueting to pay off his debts.</p><p>Looking back, although Jia Yueting's bankruptcy and reorganization process was not without ups and downs, it was also smooth.</p><p>This is not unrelated to Jia Yueting's strategizing. According to media analysis, this has something to do with Jia Yueting's \"turning against each other\" with his family.</p><p>Previously, Jia Yueting was sued by his ex-wife Gan Wei, his brother Jia Yuemin and his sister Jia Yuefang, claiming US $500 million, US $800 million and US $50 million respectively. In this way, Jia Yueting's total debt amount increased, the right to speak of other creditors was diluted, and the bankruptcy reorganization plan was successfully passed. In addition, judging from the debt amount of his family, if FF is successfully listed, Jia Yueting will not have nothing.</p><p>Jia Yueting's way of repaying debts is not just as simple as suspending \"forcing debts\". According to media reports, the quiescent period of the creditor's lawsuit against Jia Yueting is 4 years, which means that the creditor will not file a lawsuit against Jia Yueting within 4 years. If there are no other debts, Jia Yueting's \"Lao Lai\" status may also be lifted. In this case, he was given enough breathing time and a chance to \"whitewash\".</p><p>FF with an uncertain future</p><p>All along, when Jia Yueting's reputation cannot be restored, the biggest impact is actually the financing of FF.</p><p>Jia Yueting also worked hard to finance FF. To this end, Jia Yueting chose to step down as CEO of FF.</p><p>On September 3, 2019, FF announced that Breitfeld Breitfeld became FF's global CEO and Jia Yueting became CPUO (Chief Product and User Officer). From the perspective of financing history, \"de-Jia Yueting\" has indeed achieved certain results.</p><p><img src=\"https://static.tigerbbs.com/d7df018c4258c3696d4279d6bf3e7161\" tg-width=\"900\" tg-height=\"711\" referrerpolicy=\"no-referrer\"></p><p>According to the statistics of Qichacha, FF has raised funds 9 times, totaling tens of billions of yuan.</p><p><img src=\"https://static.tigerbbs.com/7eb89966043e084ffdd3ebf8b1b36908\" tg-width=\"600\" tg-height=\"708\" referrerpolicy=\"no-referrer\"></p><p>It stands to reason that the amount of FF financing is already quite large, but the actual amount of funds received is still unknown. In addition, the specific investment method of investors is not clear.</p><p>According to industry analysts, the actual arrival of FF may not be as much as it seems, otherwise Jia Yueting would not be so anxious to raise funds. In addition, the electric vehicle industry burns money horribly.<a href=\"https://laohu8.com/S/NIO\">Nio</a>, XPeng, and Ideal have both raised billions of dollars, and the pressure on FF funds is naturally not small.</p><p>Nowadays, although FF is about to be listed, the industry is not so optimistic about FF.</p><p>The primary reason is that FF has not actually sold a car so far.</p><p>Back in 2015, Jia Yueting announced that he would build a car, boasting that he would all link LeTV's ecological chain to form a closed loop. However, six years later, LeTV has also been delisted, and FF has not delivered a single car. Looking at other domestic electric vehicle brands in the same period, the performance is remarkable.</p><p>Take the first half of 2021 as an example, Nio vehicles,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>The sales volume is 40,000 +, 30,000 +, and 30,000 + respectively. Even the newly emerging Nezha Automobile's cumulative sales volume in the first half of the year exceeded 20,000 vehicles.</p><p>Let's look at the progress of FF. In May 2021, the first FF Futurist Experience Center was settled in Manhattan, New York, USA.</p><p><img src=\"https://static.tigerbbs.com/2302ae5d340911e1cc5fd974085cc1ca\" tg-width=\"903\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></p><p>The only thing that can please Jia Yueting is the reservation volume of FF's official website. According to FF, by January this year, the number of bookings for FF91 has exceeded 14,000. If FF91 is priced at US $100,000 to US $180,000, FF has at least US $1.4 billion to US $2.52 billion in orders. However, there is no way to verify whether the data is true or not.</p><p>At present, FF91 has accepted reservations in China, with a deposit of 50,000 yuan. However, due to factors such as tariffs, the domestic selling price may reach more than 2 million yuan. It is unknown whether there is a domestic market for such an expensive electric vehicle.</p><p>In order to prove its strength, FF chose to continue to \"paint cakes\". FF once said that FF81 and FF71 for the public are already under development. It is reported that the FF81 starts at US $59,000, which is comparable to the benchmark<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>High-end models such as model S. The FF71 is expected to begin design and development in 2022, with a starting price of $45,000 and is aimed at mid-range consumers.</p><p>Another reason why the outside world is not optimistic about FF is that it is not yet known whether FF's production capacity will be sufficient.</p><p>Previously, FF announced that the Hanford factory already has mass production capacity, with an annual production capacity of 10,000 vehicles, but it will start production within 12 months after the merger of FF and PSAC.</p><p>In addition, according to media reports, FF is also cooperating with a leading manufacturing partner in South Korea to produce FF's follow-up models.</p><p>At the same time, FF also announced that it has signed a framework cooperation agreement with Geely Group and explored the possibility of providing OEM services by a joint venture between Geely and Foxconn.</p><p>However, these news show that FF's production line is not perfect, and its mass production capacity is only a slogan. Look at other domestic brands: XPeng vehicles currently have a planned total production capacity of 350,000 vehicles; Li Auto currently has an annual production capacity of 100,000 vehicles, but its new factory with an annual production capacity of 100,000 vehicles will be completed in 2022; Nio CEO Li Bin recently stated that the second factory in Nio will be put into production in the third quarter of next year, with an annual production capacity of 1 million vehicles.</p><p>Compared with other new car brands, FF seems to be full of shortcomings. Jia Yueting has been dormant for so long, maybe FF may have a big move in technology, but the answer can only be revealed one year later.</p><p>In April this year, Jia Yueting, who seemed to have seen the dawn, was hit hard again. LeTV said that it received the administrative penalty decision from Beijing Securities Regulatory Bureau of China Securities Regulatory Commission. For ten consecutive years of financial fraud from 2007 to 2016, LeTV was fined 240.6 million yuan and Jia Yueting was fined 241.2 million yuan. There are more voices questioning Jia Yueting.</p><p>July is a critical month for FF to go public. Can FF land smoothly? What is the stock price after listing? How should FF open the market? They are all gullies in front of Jia Yueting.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/nHVDuAdzDGJsDe1BiC3QuA\">铅笔道</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a556d406f2cd07fbbf570fb90e4b3c67","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/nHVDuAdzDGJsDe1BiC3QuA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116214742","content_text":"贾跃亭，一个时刻不忘让自己处在舆论漩涡中的男人。\n在被调侃过无数次“下周回国”之后，这次可能是他希望最大的一次。\n近日，贾跃亭创立的电动汽车品牌FF宣布其与PSAC的合并计划已被批准。如果顺利，本月FF将在美上市。本次合并交易将为FF提供约10亿美元的资金，上市后其估值约为34亿美元。\n这意味着，贾跃亭的造车梦将圆，终于能摆脱“PPT造车”的标签。同时，贾跃亭的巨额债务，也有了偿还的可能。\n然而，被贾跃亭押上一切的FF能否顺利上市，其实也还是一个未知数。此外，即便FF顺利上市，其面临的问题还有许多。与其他电动汽车品牌相比，如今的FF处处是短板。\n出走美国4年，依然在为“梦想”窒息的贾跃亭，他和FF接下来的路将如何走下去？不知他心里是否已经有了答案。\n注：本文内容主要来自铅笔道记者采访和网络公开信息，论据难免偏颇，不存在刻意误导。\n贾老板的“还债技术”\n最近，一则上市消息让贾跃亭再次成为舆论焦点。\n他担任创始人兼CPUO的FF于美国时间6月24日宣布，公司提交的美股上市文件S4已经正式生效，美国证券交易委员会已经批准了PSAC和FF的合并计划。\n这意味着FF上市在近期内成为可能。据FF介绍，7月20日将举行PSAC股东会议，对FF合并进行投票。如果顺利通过合并，将于7月21日在纳斯达克挂牌上市。\n\nFF还提到，本次合并交易将为FF提供约10亿美元的资金，其中包括PSAC以信托形式持有的2.3亿美元现金（假设不赎回的条件下）。在上市后其估值约为34亿美元。\n此外，还有更重要的一点。那就是在交易结束后，FF的首款旗舰产品FF 91在12个月内有望大规模量产和交付。这意味着，贾跃亭的造车梦将圆，终于能摆脱“PPT造车”的标签。\nFF上市的消息，让贾跃亭的债主们重新燃起了信心。\n在2017年乐视资金链断裂后，贾跃亭远赴美国继续造车。在一片“还钱”的追讨声中，2019年10月贾跃亭在美申请个人破产重组。2020年7月，贾跃亭破产重组最终完成，重组方案正式生效。据贾跃亭债务处理小组于2019年10月14日披露，贾跃亭剩下债务净额约为20亿美元。\n对于自身处境，贾跃亭当时在微博发文《打工创业、重启人生，带着我的致歉、感恩和承诺》，文中提到，“我把剩余全部个人股权装入了第三方管理的债权人信托，我自此不再是FF股权的持有者，而成为以创业心态打工的打工者和用打工方式创业的创业者。”\n\n没有股权的贾跃亭用什么还账？答案就在其个人破产重组方案中。\n贾跃亭深谙资本技巧，“还账术”更为高超。贾跃亭选择把其持有的FF股权通过债权人信托的方式转让给债权人。意思就是说，债权人成为了FF的股东。但是方案规定，FF IPO后债权人才能出售信托内的FF股权。这就意味着只有FF上市后，债权人才有可能拿到自己的钱。\n不管债权人看不看好FF，在贾跃亭拿不出真金白银还账的情况下，只能接受这一方案。虽然贾跃亭美其名曰这是给债权人打工，实则是让债权人和FF绑定，减缓对其催债的力度。\n据S4文件显示，FF原有股东以及债权人（通过债转股）将在交易后继续占有公司 213,176,594股股票，股权比例达66%。如果按照34亿美元估值计算，这部分约为22.4亿美元。这笔钱如果能兑现，让贾跃亭还清债务也许并不是没有可能。\n回过头来看，贾跃亭破产重整过程，虽然不是毫无坎坷，但也说得上顺利。\n之所以这样，和贾跃亭的运筹帷幄不无关系。据媒体分析，这和贾跃亭与其家人“反目”有关。\n此前，贾跃亭先后被前妻甘薇、哥哥贾跃民、妹妹贾跃芳起诉，分别索赔5亿美元、8亿美元、5000万美元。通过这种方式，贾跃亭的总负债额度增高，其他债权人的话语权被稀释，破产重组方案得以顺利通过。此外，以家人们债务额度来看，假如FF上市成功，贾跃亭并不是一无所有。\n贾跃亭的还账方式，并不仅仅是暂停“逼债”那么简单。据媒体介绍，债权人给贾跃亭的诉讼静止期是4年，也就是说债主在4年内，不会对贾跃亭提起诉讼。如果没有其他债务，贾跃亭的“老赖”身份或许也会被解除。在这种情况下，就给了他足够喘息时间，也给了他“洗白”的机会。\n前途未卜的FF\n一直以来，在贾跃亭名誉无法恢复的情况下，影响最大的其实是FF的融资。\n贾跃亭为FF融资也费尽心思。为此，贾跃亭选择卸任FF的CEO。\n2019年9月3日，FF宣布毕福康成为FF全球CEO，贾跃亭出任CPUO（首席产品和用户官）。从融资历史来看，“去贾跃亭化”确实取得了一定效果。\n\n据企查查统计，FF先后融资已有9次，总额数百亿元。\n\n按理说FF融资金额已经不少，但是资金实际到账多少还是未知，此外，投资方具体出资方式也不明确。\n业内人士分析，FF实际到账或许并没有看起来那么多，不然贾跃亭不会如此着急融资。此外，电动汽车行业烧钱恐怖，蔚来、小鹏、理想均融资数十亿美元，FF资金压力自然不小。\n如今，虽然FF上市在即，但是业内对FF并没有那么看好。\n首要原因是，FF至今还未真正卖出过一辆车。\n时间回到2015年，贾跃亭宣布造车，豪言称要全部链接乐视生态链，形成闭环。然而，6年过了，乐视也已退市，而FF一辆汽车都未交付。再看同期的其他国产电动汽车品牌，业绩斐然。\n就拿2021年上半年来看，蔚来汽车、小鹏汽车、理想汽车销售量，分别4万辆+、3万辆+、3万辆+，就算刚崛起的哪吒汽车，上半年累计销售量也突破了2万辆。\n再看FF的进度。2021年5月，首个FF未来主义者体验中心才落户美国纽约曼哈顿。\n\n唯一能让贾跃亭欣慰的，只有FF的官网预定量。据FF透露，到今年1月份，FF91的预订量已经超过1.4万。如果以FF91定价10万~18万美元来算，FF至少有14亿~25.2亿美元的订单。但是，数据是否真实也无从考证。\n目前，FF91在中国已经接受预订，定金5万元。但是受关税等因素影响，国内售价或将达200万元以上。如此高昂的电动汽车，在国内是否有市场也是未知数。\n为了证明自身的实力，FF选择继续“画饼”，FF曾表示，面向大众的FF81和FF71已在研发中。据悉，FF81起售价5.9万美元，对标特斯拉model S等高端车型。FF71预计2022年开始进行设计和开发，起售价为4.5万美元，面向中端消费者。\n外界不看好FF，还有一个原因是FF的产能能否足够，尚未可知。\n此前，FF宣布汉福德工厂已经具备了量产能力，年产能为10000辆，但是要在FF与PSAC的合并后的12个月内开始投产。\n此外，据媒体报道，FF还正在与韩国一家领先的制造伙伴合作，生产FF的后续车型。\n同时，FF也宣布，已与吉利集团签署框架合作协议，并探讨由吉利与富士康的合资公司提供代工服务的可能性。\n但是这些消息表明，FF的产线并未完善，量产能力还只有口号。再看国内其他品牌：小鹏汽车目前规划总产能为35万辆；理想汽车目前年产能为10万辆，但是其年产能10万辆新厂房2022年将完工；蔚来CEO李斌近期表示，蔚来第二家工厂明年三季度投产，年产能100万辆。\n与其他新造车品牌相比，FF貌似处处是短板。贾跃亭蛰伏如此之久，或许FF在技术方面有大招也不一定，但是也只能在一年后才能揭晓答案。\n今年4月，仿佛看到曙光的贾跃亭再被重击。乐视网称收到证监会北京证监局送到的行政处罚决定书，因乐视网2007年至2016年连续十年财务造假，乐视网被处以2.406亿元罚款，贾跃亭被罚款 2.412亿元。对贾跃亭质疑的声音更多。\n7月，是FF上市关键的一个月，FF能够顺利上岸？上市后股价如何？FF该怎么打开市场？都是横在贾跃亭前面的一道道沟壑。","news_type":1,"symbols_score_info":{"PSAC":0.9}},"isVote":1,"tweetType":1,"viewCount":1531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151295241,"gmtCreate":1625093546083,"gmtModify":1703735825669,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577705130761729","idStr":"3577705130761729"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151295241","repostId":"1100844519","repostType":4,"repost":{"id":"1100844519","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":1624850864,"share":"https://ttm.financial/m/news/1100844519?lang=en_US&edition=fundamental","pubTime":"2021-06-28 11:27","market":"sh","language":"zh","title":"Reminder: Due to the anniversary of Hong Kong's return, Hong Kong stocks will be closed on July 1","url":"https://stock-news.laohu8.com/highlight/detail?id=1100844519","media":"老虎资讯综合","summary":"据悉，因7月1日（周四）香港特别行政区成立纪念日，港股休市一日。具体安排如下：港股\n7月1日（周四）休市一日。7月2日（周五）照常开市。\n美股、A股、英股、澳股、新加坡市场等照常交易。\n沪股通、深股通","content":"<p>It is reported that due to the anniversary of the establishment of the Hong Kong Special Administrative Region on July 1 (Thursday), the Hong Kong stock market will be closed for one day. The specific arrangement is as follows:<img src=\"https://static.tigerbbs.com/eaa05e0ac274f01336380bf4d575542d\" tg-width=\"787\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>Hong Kong Stocks</b></p><p>The market will be closed for one day on July 1 (Thursday). The market will open as usual on July 2nd (Friday).</p><p><b>U.S. stocks, A-shares, British stocks, Australian stocks, Singapore markets, etc. are trading as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>The service will not be available from June 30th (Wednesday) to July 1st (Thursday), and will be open as usual from July 2nd (Friday).</p><p><b>Hong Kong Stock Connect:</b></p><p>The service will not be available on July 1st (Thursday), but will be open as usual from July 2nd (Friday).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: Due to the anniversary of Hong Kong's return, Hong Kong stocks will be closed on July 1</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: Due to the anniversary of Hong Kong's return, Hong Kong stocks will be closed on July 1\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\">2021-06-28 11:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>It is reported that due to the anniversary of the establishment of the Hong Kong Special Administrative Region on July 1 (Thursday), the Hong Kong stock market will be closed for one day. The specific arrangement is as follows:<img src=\"https://static.tigerbbs.com/eaa05e0ac274f01336380bf4d575542d\" tg-width=\"787\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>Hong Kong Stocks</b></p><p>The market will be closed for one day on July 1 (Thursday). The market will open as usual on July 2nd (Friday).</p><p><b>U.S. stocks, A-shares, British stocks, Australian stocks, Singapore markets, etc. are trading as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>The service will not be available from June 30th (Wednesday) to July 1st (Thursday), and will be open as usual from July 2nd (Friday).</p><p><b>Hong Kong Stock Connect:</b></p><p>The service will not be available on July 1st (Thursday), but will be open as usual from July 2nd (Friday).</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a6adcf1f575211fc4f9ca7f666658417","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100844519","content_text":"据悉，因7月1日（周四）香港特别行政区成立纪念日，港股休市一日。具体安排如下：港股\n7月1日（周四）休市一日。7月2日（周五）照常开市。\n美股、A股、英股、澳股、新加坡市场等照常交易。\n沪股通、深股通：\n6月30日（周三）至7月1日（周四）不提供服务，7月2日（周五）起照常开通。\n港股通：\n7月1日（周四）不提供服务，7月2日（周五）起照常开通。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153399189,"gmtCreate":1625009000541,"gmtModify":1703849851736,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577705130761729","idStr":"3577705130761729"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153399189","repostId":"2147629258","repostType":4,"isVote":1,"tweetType":1,"viewCount":1519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127337567,"gmtCreate":1624835142659,"gmtModify":1703845606610,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577705130761729","idStr":"3577705130761729"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127337567","repostId":"1175717613","repostType":4,"repost":{"id":"1175717613","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1624799107,"share":"https://ttm.financial/m/news/1175717613?lang=en_US&edition=fundamental","pubTime":"2021-06-27 21:05","market":"us","language":"zh","title":"Growth VS value, this is the biggest difference in US stocks right now","url":"https://stock-news.laohu8.com/highlight/detail?id=1175717613","media":"华尔街见闻","summary":"一场成长股与价值股之间的角力正在展开。\n\n行至年中，笼罩的美股上方的不确定性越来越大，对美股风格也产生了巨大影响，一场成长股与价值股之间的角力正在展开。\n就不确定性而言，一方面，美国货币和财政支持可能","content":"<p>A wrestle between growth stocks and value stocks is unfolding. By the middle of the year, the uncertainty above the U.S. stock market is growing, which has also had a huge impact on the style of the U.S. stock market. A wrestling between growth stocks and value stocks is unfolding.</p><p>In terms of uncertainty, on the one hand, U.S. monetary and fiscal support is likely to decrease, which will weaken the dynamism of the current economic recovery and put pressure on corporate earnings growth. In addition, the U.S. government's plan to raise taxes is another potential disincentive factor.</p><p>On the other hand, the trend of inflation has become another major uncertainty affecting the trend of U.S. stocks. If the upward pressure on prices continues, the result is that rate hike expectations rise, and U.S. stocks may go through a bumpy road.</p><p>These uncertainties dominate the trend of growth and value stocks, and expected changes in inflation and monetary policy will determine the style of U.S. stocks in the second half of the year.</p><p>Wall Street News previously mentioned that since the beginning of this year, as U.S. bond yields have risen rapidly and U.S. stocks have rotated rapidly, the stock prices of technology giants that have enjoyed great success during the epidemic have fallen sharply, while cyclical stocks that are more sensitive to economic recovery have rebounded collectively.</p><p>However, recently, as inflation expectations have cooled and U.S. bond yields have declined, technology stocks have regained market favor, especially since the Federal Reserve hinted that rate hike will be earlier than expected, the gains in technology stocks have intensified.</p><p>Many analysts sided with technology stocks, believing that after a correction, the valuations of U.S. technology giants have begun to show attractiveness, which means that these technology leaders are expected to continue to rise.</p><p>Barclays strategist Maneesh Deshpande believes U.S. technology stocks are relatively cheap right now. According to data from Barclays, FANMAG currently has an average forward P/E of 29.9 x. That's only marginally higher than the roughly 28 times before the pandemic began in December 2019, and a significant drop from the peak of 40 times in the middle of last year.</p><p>Jason Pride, chief investment officer of Glenmede Private Wealth, believes that the market for value stocks is not over yet, and value stocks will outperform technology stocks:</p><p>We are still in the midst of a fundamental recovery, with improved economic growth and revenues. Our base assumption is that inflation will eventually stabilize between 2% and 3%, which will benefit value stocks more than growth stocks. Morgan Stanley Asset Management also prefers value stocks. Andrew Slimmon, senior portfolio manager at the agency, said that when the economy is stronger, there is a tendency to hold inflation-sensitive stocks, and people may underestimate the duration of this cycle.</p><p>Slimmon pointed out that value stocks are still cheap relative to the broader market, and the phase of value stocks' overperformance will continue.</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>Growth VS value, this is the biggest difference in US stocks right now</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\">\nGrowth VS value, this is the biggest difference in US stocks right now\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-06-27 21:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>A wrestle between growth stocks and value stocks is unfolding. By the middle of the year, the uncertainty above the U.S. stock market is growing, which has also had a huge impact on the style of the U.S. stock market. A wrestling between growth stocks and value stocks is unfolding.</p><p>In terms of uncertainty, on the one hand, U.S. monetary and fiscal support is likely to decrease, which will weaken the dynamism of the current economic recovery and put pressure on corporate earnings growth. In addition, the U.S. government's plan to raise taxes is another potential disincentive factor.</p><p>On the other hand, the trend of inflation has become another major uncertainty affecting the trend of U.S. stocks. If the upward pressure on prices continues, the result is that rate hike expectations rise, and U.S. stocks may go through a bumpy road.</p><p>These uncertainties dominate the trend of growth and value stocks, and expected changes in inflation and monetary policy will determine the style of U.S. stocks in the second half of the year.</p><p>Wall Street News previously mentioned that since the beginning of this year, as U.S. bond yields have risen rapidly and U.S. stocks have rotated rapidly, the stock prices of technology giants that have enjoyed great success during the epidemic have fallen sharply, while cyclical stocks that are more sensitive to economic recovery have rebounded collectively.</p><p>However, recently, as inflation expectations have cooled and U.S. bond yields have declined, technology stocks have regained market favor, especially since the Federal Reserve hinted that rate hike will be earlier than expected, the gains in technology stocks have intensified.</p><p>Many analysts sided with technology stocks, believing that after a correction, the valuations of U.S. technology giants have begun to show attractiveness, which means that these technology leaders are expected to continue to rise.</p><p>Barclays strategist Maneesh Deshpande believes U.S. technology stocks are relatively cheap right now. According to data from Barclays, FANMAG currently has an average forward P/E of 29.9 x. That's only marginally higher than the roughly 28 times before the pandemic began in December 2019, and a significant drop from the peak of 40 times in the middle of last year.</p><p>Jason Pride, chief investment officer of Glenmede Private Wealth, believes that the market for value stocks is not over yet, and value stocks will outperform technology stocks:</p><p>We are still in the midst of a fundamental recovery, with improved economic growth and revenues. Our base assumption is that inflation will eventually stabilize between 2% and 3%, which will benefit value stocks more than growth stocks. Morgan Stanley Asset Management also prefers value stocks. Andrew Slimmon, senior portfolio manager at the agency, said that when the economy is stronger, there is a tendency to hold inflation-sensitive stocks, and people may underestimate the duration of this cycle.</p><p>Slimmon pointed out that value stocks are still cheap relative to the broader market, and the phase of value stocks' overperformance will continue.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175717613","content_text":"一场成长股与价值股之间的角力正在展开。\n\n行至年中，笼罩的美股上方的不确定性越来越大，对美股风格也产生了巨大影响，一场成长股与价值股之间的角力正在展开。\n就不确定性而言，一方面，美国货币和财政支持可能会减少，这将削弱当前经济复苏的活力，并对企业盈利增长造成压力。此外美国政府酝酿提高税收的计划是另一个潜在的抑制因素。\n另一方面，通胀走势成为牵动美股走势的另一大不确定性，如果价格的上行压力持续，结果是加息预期上升，美股可能会经历一段坎坷之路。\n这些不确定性主宰着成长和价值股票走势，通胀和货币政策走向预期的变动将决定美股下半年的风格。\n华尔街见闻此前提及，今年初以来，随着美债收益率快速走高，美股快速轮动，疫情期间风光无限的科技巨头们股价大幅回调，而对经济复苏较为敏感的周期股集体反弹。\n但近期，随着通胀预期降温，美债收益率下行，科技股重获市场青睐，尤其是美联储暗示将早于预期加息以来，科技股涨势加剧。\n有不少分析师站队科技股，认为经过一番回调，目前美国科技巨头们的估值已经开始彰显吸引力，这意味着这些科技领头羊有望继续上涨。\n巴克莱策略师Maneesh Deshpande认为目前美国科技股相对便宜。巴克莱(Barclays)的数据显示，FANMAG目前的平均预期市盈率为29.9倍。这只比2019年12月大流行开始前的约28倍高一点点，比去年年中40倍的峰值大幅下降。\n格伦米德(Glenmede)私人财富首席投资官Jason Pride则认为，价值股的行情还未结束，价值股将跑赢科技股：\n\n 我们仍处于基本面复苏之中，经济增长和收入都有所提高。我们的基本假设是，通胀最终会稳定在2%至3%之间，这对价值股的益处将大于成长股。\n\n摩根士丹利资产管理公司也偏好价值股。该机构高级投资组合经理Andrew Slimmon表示，在经济形势更为强劲的时候，倾向于持有对通胀敏感的股票，而人们可能低估了这个周期的持续时间。\nSlimmon指出，相对于更广泛的市场，价值型股票仍然很便宜，价值股表现超大盘的阶段将持续下去。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129634003,"gmtCreate":1624370643302,"gmtModify":1703834709839,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577705130761729","idStr":"3577705130761729"},"themes":[],"htmlText":"。。。","listText":"。。。","text":"。。。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129634003","repostId":"1158994165","repostType":4,"isVote":1,"tweetType":1,"viewCount":1724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167685097,"gmtCreate":1624265412719,"gmtModify":1703831924585,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577705130761729","idStr":"3577705130761729"},"themes":[],"htmlText":"buy？","listText":"buy？","text":"buy？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167685097","repostId":"1196205425","repostType":4,"isVote":1,"tweetType":1,"viewCount":1525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":151295241,"gmtCreate":1625093546083,"gmtModify":1703735825669,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577705130761729","authorIdStr":"3577705130761729"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151295241","repostId":"1100844519","repostType":4,"repost":{"id":"1100844519","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":1624850864,"share":"https://ttm.financial/m/news/1100844519?lang=en_US&edition=fundamental","pubTime":"2021-06-28 11:27","market":"sh","language":"zh","title":"Reminder: Due to the anniversary of Hong Kong's return, Hong Kong stocks will be closed on July 1","url":"https://stock-news.laohu8.com/highlight/detail?id=1100844519","media":"老虎资讯综合","summary":"据悉，因7月1日（周四）香港特别行政区成立纪念日，港股休市一日。具体安排如下：港股\n7月1日（周四）休市一日。7月2日（周五）照常开市。\n美股、A股、英股、澳股、新加坡市场等照常交易。\n沪股通、深股通","content":"<p>It is reported that due to the anniversary of the establishment of the Hong Kong Special Administrative Region on July 1 (Thursday), the Hong Kong stock market will be closed for one day. The specific arrangement is as follows:<img src=\"https://static.tigerbbs.com/eaa05e0ac274f01336380bf4d575542d\" tg-width=\"787\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>Hong Kong Stocks</b></p><p>The market will be closed for one day on July 1 (Thursday). The market will open as usual on July 2nd (Friday).</p><p><b>U.S. stocks, A-shares, British stocks, Australian stocks, Singapore markets, etc. are trading as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>The service will not be available from June 30th (Wednesday) to July 1st (Thursday), and will be open as usual from July 2nd (Friday).</p><p><b>Hong Kong Stock Connect:</b></p><p>The service will not be available on July 1st (Thursday), but will be open as usual from July 2nd (Friday).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: Due to the anniversary of Hong Kong's return, Hong Kong stocks will be closed on July 1</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: Due to the anniversary of Hong Kong's return, Hong Kong stocks will be closed on July 1\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\">2021-06-28 11:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>It is reported that due to the anniversary of the establishment of the Hong Kong Special Administrative Region on July 1 (Thursday), the Hong Kong stock market will be closed for one day. The specific arrangement is as follows:<img src=\"https://static.tigerbbs.com/eaa05e0ac274f01336380bf4d575542d\" tg-width=\"787\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>Hong Kong Stocks</b></p><p>The market will be closed for one day on July 1 (Thursday). The market will open as usual on July 2nd (Friday).</p><p><b>U.S. stocks, A-shares, British stocks, Australian stocks, Singapore markets, etc. are trading as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>The service will not be available from June 30th (Wednesday) to July 1st (Thursday), and will be open as usual from July 2nd (Friday).</p><p><b>Hong Kong Stock Connect:</b></p><p>The service will not be available on July 1st (Thursday), but will be open as usual from July 2nd (Friday).</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a6adcf1f575211fc4f9ca7f666658417","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100844519","content_text":"据悉，因7月1日（周四）香港特别行政区成立纪念日，港股休市一日。具体安排如下：港股\n7月1日（周四）休市一日。7月2日（周五）照常开市。\n美股、A股、英股、澳股、新加坡市场等照常交易。\n沪股通、深股通：\n6月30日（周三）至7月1日（周四）不提供服务，7月2日（周五）起照常开通。\n港股通：\n7月1日（周四）不提供服务，7月2日（周五）起照常开通。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143428362,"gmtCreate":1625811166056,"gmtModify":1703749039249,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577705130761729","authorIdStr":"3577705130761729"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/143428362","repostId":"1112290720","repostType":4,"repost":{"id":"1112290720","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":1625807791,"share":"https://ttm.financial/m/news/1112290720?lang=en_US&edition=fundamental","pubTime":"2021-07-09 13:16","market":"hk","language":"zh","title":"Xiaomi Group rose more than 5%! Acquisition of autonomous driving company DeepMotion","url":"https://stock-news.laohu8.com/highlight/detail?id=1112290720","media":"老虎资讯综合","summary":"7月9日，小米集团-W涨超5%，消息称小米集团已经在近期收购自动驾驶技术公司DeepMotion(深动科技)。\n\n小米加速造车进程：收购自动驾驶公司 DeepMotion\n小米造车新进展。\n汽车之心从","content":"<p>July 9th,<a href=\"https://laohu8.com/S/01810\">Xiaomi Group-W</a>It rose more than 5%. It is reported that Xiaomi Group has recently acquired DeepMotion, an autonomous driving technology company.</p><p><img src=\"https://static.tigerbbs.com/0f1211fba5e5b919b70b173c517d9865\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>Xiaomi accelerates car manufacturing process: acquires autonomous driving company DeepMotion</b></p><p>New progress in Xiaomi's car manufacturing.</p><p>Car Heart learned from multiple information sources:<b>Millet</b>Has recently acquired autonomous driving technology companies<b>DeepMotion</b>(Shendong Technology). DeepMotion will have a team of up to 20 people joining Xiaomi.</p><p>This will help Xiaomi initially complete the lineup of persons in charge of each module of autonomous driving technology, which may lay the foundation for the research and development of Xiaomi's autonomous driving technology.</p><p>Before press release, Auto Heart verified this matter with Xiaomi's public relations department and DeepMotion officials. Xiaomi's public relations department said it was not clear about the acquisition, while DeepMotion has not yet responded.</p><p><b>1. Who is DeepMotion?</b></p><p>DeepMotion was founded in July 2017. Many people in the autonomous driving industry classify DeepMotion as a high-precision map and positioning technology company.</p><p><img src=\"https://static.tigerbbs.com/10f017cd1452d36c5a189b47f73fec18\" tg-width=\"640\" tg-height=\"225\" referrerpolicy=\"no-referrer\"></p><p>The co-founders of DeepMotion-CEO Cai Rui, CTO Li Zhiwei, chief scientist Yang Kuiyuan, and R&D director Zhang Chi are all born<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Background of the Institute of Sub-Research.</p><p>In 2018, Cai Rui said in an interview with the media: Deepmotion adopts a vision-based multi-sensor fusion strategy.</p><p>At that time, its high-precision positioning technology had been able to achieve positioning accuracy of 30-40cm front and rear and 10-20cm left and right. In terms of technical route, Deepmotion takes high-precision maps as the core and integrates perception, positioning and composition modules at the algorithm level.</p><p><img src=\"https://static.tigerbbs.com/c54a1f9094cd444a9afa844974b8b942\" tg-width=\"640\" tg-height=\"249\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ae129b17eaa75948eda75445740d7253\" tg-width=\"640\" tg-height=\"210\" referrerpolicy=\"no-referrer\"></p><p>With<b>High-precision mapping and positioning</b>As a starting point, DeepMotion subsequently began to provide full-stack autonomous driving solutions, including<b>Forward/Surround/Perception System</b>、<b>Autonomous Valet Parking AVP</b>Solutions and other technologies.</p><p><img src=\"https://static.tigerbbs.com/bad9bb07fbc884164092f3bd990d96e5\" tg-width=\"640\" tg-height=\"261\" referrerpolicy=\"no-referrer\"></p><p>Overall, a person close to this acquisition commented to Auto Heart that the main team of DeepMotion comes from Microsoft Asia Research.<b>Strong algorithm ability</b>, will complement Xiaomi in terms of engineering capabilities and commercialization.</p><p>If the DeepMotion team and Xiaomi Automobile Autopilot team successfully complete the integration, we can basically infer that Xiaomi Autopilot will adopt a vision-based solution, configure high-precision maps, and support technical paths such as crowdsourcing collection and update.</p><p><b>2. Why did Xiaomi acquire DeepMotion?</b></p><p>Industry insiders analyzed to Auto Heart that there may be three reasons why Xiaomi chose to acquire DeepMotion:</p><p><ul><li>DeepMotion has strong technical ability;</p><p></li><li>The equity of the target company is relatively simple and the valuation is relatively low;</p><p></li><li>The prospect of commercialization of high-precision map tracks is unclear.</p><p></li></ul>If we say<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It is the Whampoa Military Academy of autonomous driving in China, so<b>Microsoft Research Asia</b>It is<b>Chinese AI algorithm talents</b>Of<b>Huangpu Military Academy</b>It is not an exaggeration to add the word top in front of talent.</p><p>Megvii's chief scientist Sun Jian, Momenta's CEO Cao Xudong,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Autonomous driving of<a href=\"https://laohu8.com/S/VP..UK\">VP</a>Ren Shaoqing and others are all from Microsoft Asia Research.</p><p>A former DeepMotion employee is also at<a href=\"https://laohu8.com/S/ZH\">Zhihu</a>It is mentioned that there is a high academic enthusiasm within the company.</p><p>DeepMotion's core team focuses on Microsoft sub-research<b>Deep Learning</b>With<b>Stereoscopic vision</b>Aspects of research.</p><p>By 2018, DeepMotion announced that it had the mature ability to produce high-precision maps of expressways/expressways on a large scale, and the automation degree of high-precision maps of more complex central urban roads had reached 90%.</p><p>Many industry insiders directly or indirectly said that DeepMotion's technical capabilities are very good.</p><p>But this does not mean that the company's development will be smooth.</p><p>In fact, DeepMotion's last round of public financing was the A round of financing completed in March 2018. This round of financing was led by Red Dot China, followed by angel round investor Source Code Capital, with a financing amount of tens of millions of dollars.</p><p>But since then, Deepmotion has not announced any further financing news.</p><p>This is related to the characteristics, control and competition of high-precision map tracks. We'll expand later.</p><p>From the valuation level, the expected valuation of DeepMotion seeking financing in early 2020 is US $200 million.</p><p>According to the information we have learned, the valuation of this round of Xiaomi's acquisition of DeepMotion may be<b>RMB 1 billion level</b>。</p><p>Compared with the leading autonomous driving companies on the market, DeepMotion's valuation is relatively low.</p><p>Pony.ai was valued at US $5.3 billion after completing a round of financing at the beginning of this year, WeRide's latest valuation was US $3.3 billion, and Momenta crossed the US $1 billion valuation threshold in 2018.</p><p><b>3. High-precision maps: it is a huge market, and it is also Huarong Road</b></p><p>The field of high-precision maps where DeepMotion is located has a broad market space, but it is also a very narrow and crowded track.</p><p>With the launch of pilot assisted driving functions such as Nio NOP and XPeng NGP, many models of both traditional car companies and new car companies are already equipped with high-precision maps. But most of these high-precision maps come from Baidu, Amap and<a href=\"https://laohu8.com/S/002405\">NavInfo</a>Waiting for large graphic dealers.</p><p>Because maps are closely related to homeland security, the collection, drawing and storage of map data are subject to specific legal supervision.</p><p>At present, only more than 20 companies in China have obtained Class A surveying and mapping qualifications required to make navigation electronic maps. Since 2019, the review of Class A surveying and mapping qualifications has been relaxed, and new entrants such as Kuanzhu Technology, Momenta, Huawei, Meituan and other companies have successively obtained Class A qualifications.</p><p><img src=\"https://static.tigerbbs.com/8435146af095e24e4973f854e0ad0802\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"></p><p>But DeepMotion did not achieve the required qualifications. This may also be one of the reasons why DeepMotion will switch to full-stack autonomous driving solutions in the future.</p><p>The acquisition cost of high-precision maps is high, and it is more difficult to update them on a large scale afterwards.</p><p>It is extremely difficult to complete high-precision map collection with only 1-2 car company customers<b>Amortisation of cost</b>After mass production, it is impossible to achieve large-scale road coverage and regular updates, which makes it difficult for small and medium-sized enterprises in the field of high-precision maps.</p><p><b>4. The trend of Xiaomi's autonomous driving</b></p><p>DeepMotion has a team of more than 40 people at its peak.</p><p>Auto Heart learned that with the acquisition, more than 20 people from DeepMotion may join Xiaomi.</p><p>Prior to this, Xiaomi's autonomous driving team was still in the early preparatory stage, and the internal autonomous driving business was transferred to the general manager of the Artificial Intelligence Department<b>Ye Hangjun</b>Report, Ye Hangjun was also Xiao Ai's boss for a period of time.</p><p>After DeepMotion joins, its key personnel will assume the role of the person in charge of each module of autonomous driving.</p><p>Looking back at history, there are always some similarities in stories.</p><p><img src=\"https://static.tigerbbs.com/4c6665b9b1980f51691501edf56c8c8f\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>In 2019,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The acquisition of Drive.ai, an autonomous driving company initiated by Andrew Ng, is said to be preparing for the car manufacturing business.</p><p>Wang Tao, co-founder of Drive.ai, subsequently joined<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>, is now the head of XPeng Motor's North American perception research and development.</p><p>By the way, XPeng's autonomous driving route is also a vision-based solution, equipped with high-precision maps. In addition, XPeng's car price positioning is a model of 150,000-300,000 yuan. With such a price range and technical route, XPeng Motors and Xiaomi Motors may have a battle.</p><p>Back to Xiaomi, it has invested in an autonomous driving company after announcing its car manufacturing this year.</p><p>On June 3,<b>Zongmu Technology</b>Officially announced the completion of US $190 million in Series D financing, of which Xiaomi Yangtze River Industry Fund led the D3 financing. Zongmu Technology's flagship product is automatic parking system, and its benchmark customers include<a href=\"https://laohu8.com/S/000625\">Changan Automobile</a>, Dongfeng Lantu, etc.</p><p>Another piece of news shows that Xiaomi intends to participate in an AI chip company, whose main direction is a large computing power autonomous driving computing platform.</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>Xiaomi Group rose more than 5%! Acquisition of autonomous driving company DeepMotion</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 Group rose more than 5%! Acquisition of autonomous driving company DeepMotion\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\">2021-07-09 13:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>July 9th,<a href=\"https://laohu8.com/S/01810\">Xiaomi Group-W</a>It rose more than 5%. It is reported that Xiaomi Group has recently acquired DeepMotion, an autonomous driving technology company.</p><p><img src=\"https://static.tigerbbs.com/0f1211fba5e5b919b70b173c517d9865\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>Xiaomi accelerates car manufacturing process: acquires autonomous driving company DeepMotion</b></p><p>New progress in Xiaomi's car manufacturing.</p><p>Car Heart learned from multiple information sources:<b>Millet</b>Has recently acquired autonomous driving technology companies<b>DeepMotion</b>(Shendong Technology). DeepMotion will have a team of up to 20 people joining Xiaomi.</p><p>This will help Xiaomi initially complete the lineup of persons in charge of each module of autonomous driving technology, which may lay the foundation for the research and development of Xiaomi's autonomous driving technology.</p><p>Before press release, Auto Heart verified this matter with Xiaomi's public relations department and DeepMotion officials. Xiaomi's public relations department said it was not clear about the acquisition, while DeepMotion has not yet responded.</p><p><b>1. Who is DeepMotion?</b></p><p>DeepMotion was founded in July 2017. Many people in the autonomous driving industry classify DeepMotion as a high-precision map and positioning technology company.</p><p><img src=\"https://static.tigerbbs.com/10f017cd1452d36c5a189b47f73fec18\" tg-width=\"640\" tg-height=\"225\" referrerpolicy=\"no-referrer\"></p><p>The co-founders of DeepMotion-CEO Cai Rui, CTO Li Zhiwei, chief scientist Yang Kuiyuan, and R&D director Zhang Chi are all born<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Background of the Institute of Sub-Research.</p><p>In 2018, Cai Rui said in an interview with the media: Deepmotion adopts a vision-based multi-sensor fusion strategy.</p><p>At that time, its high-precision positioning technology had been able to achieve positioning accuracy of 30-40cm front and rear and 10-20cm left and right. In terms of technical route, Deepmotion takes high-precision maps as the core and integrates perception, positioning and composition modules at the algorithm level.</p><p><img src=\"https://static.tigerbbs.com/c54a1f9094cd444a9afa844974b8b942\" tg-width=\"640\" tg-height=\"249\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ae129b17eaa75948eda75445740d7253\" tg-width=\"640\" tg-height=\"210\" referrerpolicy=\"no-referrer\"></p><p>With<b>High-precision mapping and positioning</b>As a starting point, DeepMotion subsequently began to provide full-stack autonomous driving solutions, including<b>Forward/Surround/Perception System</b>、<b>Autonomous Valet Parking AVP</b>Solutions and other technologies.</p><p><img src=\"https://static.tigerbbs.com/bad9bb07fbc884164092f3bd990d96e5\" tg-width=\"640\" tg-height=\"261\" referrerpolicy=\"no-referrer\"></p><p>Overall, a person close to this acquisition commented to Auto Heart that the main team of DeepMotion comes from Microsoft Asia Research.<b>Strong algorithm ability</b>, will complement Xiaomi in terms of engineering capabilities and commercialization.</p><p>If the DeepMotion team and Xiaomi Automobile Autopilot team successfully complete the integration, we can basically infer that Xiaomi Autopilot will adopt a vision-based solution, configure high-precision maps, and support technical paths such as crowdsourcing collection and update.</p><p><b>2. Why did Xiaomi acquire DeepMotion?</b></p><p>Industry insiders analyzed to Auto Heart that there may be three reasons why Xiaomi chose to acquire DeepMotion:</p><p><ul><li>DeepMotion has strong technical ability;</p><p></li><li>The equity of the target company is relatively simple and the valuation is relatively low;</p><p></li><li>The prospect of commercialization of high-precision map tracks is unclear.</p><p></li></ul>If we say<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It is the Whampoa Military Academy of autonomous driving in China, so<b>Microsoft Research Asia</b>It is<b>Chinese AI algorithm talents</b>Of<b>Huangpu Military Academy</b>It is not an exaggeration to add the word top in front of talent.</p><p>Megvii's chief scientist Sun Jian, Momenta's CEO Cao Xudong,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Autonomous driving of<a href=\"https://laohu8.com/S/VP..UK\">VP</a>Ren Shaoqing and others are all from Microsoft Asia Research.</p><p>A former DeepMotion employee is also at<a href=\"https://laohu8.com/S/ZH\">Zhihu</a>It is mentioned that there is a high academic enthusiasm within the company.</p><p>DeepMotion's core team focuses on Microsoft sub-research<b>Deep Learning</b>With<b>Stereoscopic vision</b>Aspects of research.</p><p>By 2018, DeepMotion announced that it had the mature ability to produce high-precision maps of expressways/expressways on a large scale, and the automation degree of high-precision maps of more complex central urban roads had reached 90%.</p><p>Many industry insiders directly or indirectly said that DeepMotion's technical capabilities are very good.</p><p>But this does not mean that the company's development will be smooth.</p><p>In fact, DeepMotion's last round of public financing was the A round of financing completed in March 2018. This round of financing was led by Red Dot China, followed by angel round investor Source Code Capital, with a financing amount of tens of millions of dollars.</p><p>But since then, Deepmotion has not announced any further financing news.</p><p>This is related to the characteristics, control and competition of high-precision map tracks. We'll expand later.</p><p>From the valuation level, the expected valuation of DeepMotion seeking financing in early 2020 is US $200 million.</p><p>According to the information we have learned, the valuation of this round of Xiaomi's acquisition of DeepMotion may be<b>RMB 1 billion level</b>。</p><p>Compared with the leading autonomous driving companies on the market, DeepMotion's valuation is relatively low.</p><p>Pony.ai was valued at US $5.3 billion after completing a round of financing at the beginning of this year, WeRide's latest valuation was US $3.3 billion, and Momenta crossed the US $1 billion valuation threshold in 2018.</p><p><b>3. High-precision maps: it is a huge market, and it is also Huarong Road</b></p><p>The field of high-precision maps where DeepMotion is located has a broad market space, but it is also a very narrow and crowded track.</p><p>With the launch of pilot assisted driving functions such as Nio NOP and XPeng NGP, many models of both traditional car companies and new car companies are already equipped with high-precision maps. But most of these high-precision maps come from Baidu, Amap and<a href=\"https://laohu8.com/S/002405\">NavInfo</a>Waiting for large graphic dealers.</p><p>Because maps are closely related to homeland security, the collection, drawing and storage of map data are subject to specific legal supervision.</p><p>At present, only more than 20 companies in China have obtained Class A surveying and mapping qualifications required to make navigation electronic maps. Since 2019, the review of Class A surveying and mapping qualifications has been relaxed, and new entrants such as Kuanzhu Technology, Momenta, Huawei, Meituan and other companies have successively obtained Class A qualifications.</p><p><img src=\"https://static.tigerbbs.com/8435146af095e24e4973f854e0ad0802\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"></p><p>But DeepMotion did not achieve the required qualifications. This may also be one of the reasons why DeepMotion will switch to full-stack autonomous driving solutions in the future.</p><p>The acquisition cost of high-precision maps is high, and it is more difficult to update them on a large scale afterwards.</p><p>It is extremely difficult to complete high-precision map collection with only 1-2 car company customers<b>Amortisation of cost</b>After mass production, it is impossible to achieve large-scale road coverage and regular updates, which makes it difficult for small and medium-sized enterprises in the field of high-precision maps.</p><p><b>4. The trend of Xiaomi's autonomous driving</b></p><p>DeepMotion has a team of more than 40 people at its peak.</p><p>Auto Heart learned that with the acquisition, more than 20 people from DeepMotion may join Xiaomi.</p><p>Prior to this, Xiaomi's autonomous driving team was still in the early preparatory stage, and the internal autonomous driving business was transferred to the general manager of the Artificial Intelligence Department<b>Ye Hangjun</b>Report, Ye Hangjun was also Xiao Ai's boss for a period of time.</p><p>After DeepMotion joins, its key personnel will assume the role of the person in charge of each module of autonomous driving.</p><p>Looking back at history, there are always some similarities in stories.</p><p><img src=\"https://static.tigerbbs.com/4c6665b9b1980f51691501edf56c8c8f\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>In 2019,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The acquisition of Drive.ai, an autonomous driving company initiated by Andrew Ng, is said to be preparing for the car manufacturing business.</p><p>Wang Tao, co-founder of Drive.ai, subsequently joined<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>, is now the head of XPeng Motor's North American perception research and development.</p><p>By the way, XPeng's autonomous driving route is also a vision-based solution, equipped with high-precision maps. In addition, XPeng's car price positioning is a model of 150,000-300,000 yuan. With such a price range and technical route, XPeng Motors and Xiaomi Motors may have a battle.</p><p>Back to Xiaomi, it has invested in an autonomous driving company after announcing its car manufacturing this year.</p><p>On June 3,<b>Zongmu Technology</b>Officially announced the completion of US $190 million in Series D financing, of which Xiaomi Yangtze River Industry Fund led the D3 financing. Zongmu Technology's flagship product is automatic parking system, and its benchmark customers include<a href=\"https://laohu8.com/S/000625\">Changan Automobile</a>, Dongfeng Lantu, etc.</p><p>Another piece of news shows that Xiaomi intends to participate in an AI chip company, whose main direction is a large computing power autonomous driving computing platform.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3df686d3a6ca977e8c6841905eb7e18c","relate_stocks":{"01810":"小米集团-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112290720","content_text":"7月9日，小米集团-W涨超5%，消息称小米集团已经在近期收购自动驾驶技术公司DeepMotion(深动科技)。\n\n小米加速造车进程：收购自动驾驶公司 DeepMotion\n小米造车新进展。\n汽车之心从多个信息源获悉：小米已经在近期收购自动驾驶技术公司DeepMotion（深动科技）。DeepMotion 最多将有 20 余人的团队加入小米。\n这将帮助小米初步补齐自动驾驶技术各个模块的负责人阵容，此举或将奠定小米汽车自动驾驶技术研发的基础。\n在发稿前，汽车之心就此事向小米公关部以及 DeepMotion 官方核实。小米公关部表示「不清楚」收购事宜，DeepMotion 方面则还未做出回应。\n1、谁是 DeepMotion？\nDeepMotion 创办于 2017 年 7 月。多位自动驾驶行业人士将 DeepMotion 归入「高精地图与定位技术公司」的范畴。\n\nDeepMotion 的联合创始人——CEO 蔡锐、CTO 李志伟、首席科学家杨奎元、研发总监张驰 4 人均系出身微软亚研究院的背景。\n2018 年，蔡锐在接受媒体采访时表示：Deepmotion 采用了视觉为主的多传感器融合策略。\n当时，其高精度定位技术已经能达到前后 30 - 40cm、左右 10 - 20cm 的定位精度。在技术路线方面，Deepmotion 以高精地图为核心，对感知、定位与构图模块在算法层面进行整合。\n\n以高精度地图和定位为出发点，后续 DeepMotion 开始提供全栈的自动驾驶解决方案，包括前视/环视/感知系统、自主代客泊车 AVP方案等技术。\n\n整体上，一位接近此项收购事宜的人士向汽车之心评价，DeepMotion 的主要团队出自微软亚研，算法能力强，与小米在工程能力和商业化上将形成互补。\n如果 DeepMotion 团队与小米汽车自动驾驶团队顺利完成整合，我们基本上可以推断，小米自动驾驶将采用以视觉为主的方案，配置高精度地图，支持众包采集更新这样的技术路径。\n2、小米为何收购 DeepMotion？\n业内人士向汽车之心分析，小米选择收购 DeepMotion 可能有 3 方面的原因：\n\nDeepMotion 技术能力强；\n标的公司的股权相对简单，估值相对较低；\n高精度地图赛道商业化前景不清晰。\n\n如果说百度是中国自动驾驶的黄埔军校，那微软亚洲研究院则是中国 AI 算法人才的黄埔军校，在人才前面加上「顶尖」二字也不为过。\n旷视的首席科学家孙剑、Momenta 的 CEO 曹旭东、蔚来的自动驾驶 VP 任少卿等人悉数出自微软亚研。\n一位 DeepMotion 的前员工也在知乎提到，公司内部有很高的学术热情。\nDeepMotion 的核心团队在微软亚研究主攻深度学习与立体视觉方面的研究。\n到 2018 年，DeepMotion 对外宣称，已经具备成熟的大规模制作高速/快速道路高精地图的能力，「较复杂的中心城区道路的高精地图自动化程度已经能达到 90%」。\n有多位业内人士直接或间接表示，DeepMotion 的技术能力很不错。\n但这并不意味着公司的发展就一路坦途。\n实际上，DeepMotion 上一轮公开的融资是在 2018 年 3 月完成的 A 轮融资，这轮融资由红点中国领投，天使轮资方源码资本跟投，融资金额为数千万美元。\n但此后，Deepmotion 就没有再公布进一步的融资消息。\n这与高精度地图赛道的特点、管制以及竞争有关。我们稍后展开。\n从估值层面出发，DeepMotion 在 2020 年初寻求融资的期望估值是 2 亿美元。\n据我们获知的消息，本轮小米收购 DeepMotion 估值可能在10 亿元人民币级别。\n与市面上头部的自动驾驶公司相比，DeepMotion 的估值又是处在相对低位。\nPony.ai 小马智行在完成今年初的一轮融资后估值在 53 亿美元，WeRide 文远知行的最新估值是 33 亿美元，Momenta 则在 2018 年跨过了 10 亿美元估值门槛。\n3、高精度地图：是巨大的市场，也是华容道\nDeepMotion 所在的高精度地图领域，拥有广阔的市场空间，同时又是一个非常狭窄和拥挤的赛道。\n随着蔚来 NOP、小鹏 NGP 等领航辅助驾驶功能推出，目前不管是传统车企还是新车企的不少车型上都已经搭载了高精度地图。但这些高精度地图大部分来自于百度、高德和四维图新等大型图商。\n由于地图与国土安全密切相关，地图数据的采集、绘制、存储都受到特定的法律监管。\n目前，全国仅有 20 余家公司获得制作导航电子地图所需要的甲级测绘资质。2019 年以来，甲级测绘资质的审核有所放宽，新入局者如宽凳科技、Momenta、华为、美团等公司先后拿到了甲级资质。\n\n但 DeepMotion 并未取得所需的资质。这也可能是后续 DeepMotion 转战全栈自动驾驶解决方案的原因之一。\n高精度地图的采集成本高昂，之后更加困难的是进行大规模的更新。\n仅仅凭借 1 - 2 家车企客户，极难完成高精地图采集的成本摊销，量产之后也无法实现大规模的道路覆盖与定期更新，这让高精度地图领域的中小企业举步维艰。\n4、小米自动驾驶的走向\n高峰时期 DeepMotion 有超过 40 人的团队。\n汽车之心获悉，随着收购，DeepMotion 可能有 20 余人加入小米。\n在此之前，小米自动驾驶团队还处于早期筹备阶段，内部的自动驾驶业务向人工智能部总经理叶航军汇报，叶航军在一段时间内也是「小爱同学的老板」。\nDeepMotion 加入后，其骨干人员将承担起自动驾驶各个模块负责人的角色。\n回看历史，故事总是有些相似性。\n\n2019 年，苹果收购了由吴恩达参与发起的自动驾驶公司 Drive.ai，据说就是为造车业务做准备。\nDrive.ai 的联合创始人王弢后续加入了小鹏汽车，现在则是小鹏汽车北美感知研发的负责人。\n顺便提一句，小鹏的自动驾驶路线也是以视觉为主的方案，配置高精度地图。加之小鹏的车价定位是在 15 - 30 万元的车型，这样的价格区间与技术路线，小鹏汽车和小米汽车或有一战。\n回到小米，其在今年宣布造车之后，已经投资了一家自动驾驶公司。\n6 月 3 日，纵目科技官宣完成 1.9 亿美元的 D 轮融资，其中小米长江产业基金领投了 D3 融资。纵目科技的拳头产品是自动泊车系统，标杆客户包括长安汽车、东风岚图等。\n另一则消息则显示，小米有意参投 AI 芯片公司，这家公司的主攻方向是大算力自动驾驶计算平台。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":1143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152957483,"gmtCreate":1625266366042,"gmtModify":1703739516243,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577705130761729","authorIdStr":"3577705130761729"},"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/152957483","repostId":"1116214742","repostType":4,"repost":{"id":"1116214742","kind":"news","pubTimestamp":1625237242,"share":"https://ttm.financial/m/news/1116214742?lang=en_US&edition=fundamental","pubTime":"2021-07-02 22:47","market":"us","language":"zh","title":"In 19 days, Jia Yueting is going to do something big?","url":"https://stock-news.laohu8.com/highlight/detail?id=1116214742","media":"铅笔道","summary":"贾跃亭，一个时刻不忘让自己处在舆论漩涡中的男人。\n在被调侃过无数次“下周回国”之后，这次可能是他希望最大的一次。\n近日，贾跃亭创立的电动汽车品牌FF宣布其与PSAC的合并计划已被批准。如果顺利，本月F","content":"<p><img src=\"https://static.tigerbbs.com/a556d406f2cd07fbbf570fb90e4b3c67\" tg-width=\"1080\" tg-height=\"578\" referrerpolicy=\"no-referrer\"></p><p>Jia Yueting, a man who never forgets to put himself in the whirlpool of public opinion.</p><p>After being teased countless times for \"returning to China next week\", this may be the biggest one he hopes for.</p><p>Recently, FF, the electric vehicle brand founded by Jia Yueting, announced that its merger plan with PSAC has been approved. If it goes well, FF will be listed in the United States this month. This merger transaction will provide FF with approximately US $1 billion in funding, and its valuation after listing will be approximately US $3.4 billion.</p><p>This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\". At the same time, Jia Yueting's huge debt may also be repaid.</p><p>However, it is still unknown whether FF, which Jia Yueting has betted on everything, can be listed smoothly. In addition, even if FF is successfully listed, it still faces many problems. Compared with other electric vehicle brands, today's FF is full of shortcomings.</p><p>Jia Yueting, who has left the United States for 4 years and is still suffocating for his \"dream\", how will he and FF go on next? I wonder if he already has the answer in his heart.</p><p>Note: The content of this article mainly comes from the interview of Pencil Road reporters and the public information on the Internet. The arguments are inevitably biased and there is no deliberate misleading.</p><p>Boss Jia's \"debt repayment technology\"</p><p>Recently, a listing news made Jia Yueting the focus of public opinion again.</p><p>FF, whose founder and CPUO he serves as, announced on June 24, US time, that the US stock listing document S4 submitted by the company has officially taken effect, and the US Securities and Exchange Commission has approved the merger plan of PSAC and FF.</p><p>This means that FF listing will become possible in the near future. According to FF, a PSAC shareholder meeting will be held on July 20 to vote on the FF merger. If the merger is successfully passed, it will be listed on Nasdaq on July 21st.</p><p><img src=\"https://static.tigerbbs.com/937db887fc673e84e69530f0738c1588\" tg-width=\"1080\" tg-height=\"761\" referrerpolicy=\"no-referrer\"></p><p>FF also mentioned that this merger transaction will provide FF with approximately US $1 billion in funds, including US $230 million in cash held by PSAC in the form of trust (assuming no redemption). Its valuation after listing is about $3.4 billion.</p><p>Besides, there is a more important point. That is, after the transaction ends, FF's first flagship product FF 91 is expected to be mass-produced and delivered on a large scale within 12 months. This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\".</p><p>The news of FF's listing rekindled the confidence of Jia Yueting's creditors.</p><p>After LeTV's capital chain broke in 2017, Jia Yueting went to the United States to continue building cars. In October 2019, Jia Yueting filed for personal bankruptcy and reorganization in the United States amid the voice of \"paying back the money\". In July 2020, Jia Yueting's bankruptcy and reorganization was finally completed, and the reorganization plan officially came into effect. According to the disclosure of Jia Yueting's debt processing team on October 14, 2019, Jia Yueting's remaining net debt is approximately US $2 billion.</p><p>Regarding his own situation, Jia Yueting was<a href=\"https://laohu8.com/S/WB\">Weibo</a>In the article \"Working to Start a Business, Restarting Life, with My Apology, Gratitude and Commitment\", the article mentioned, \"I put all the remaining personal equity into a creditor trust managed by a third party, and I am no longer a holder of FF equity since then., and become a migrant worker who works with an entrepreneurial mentality and an entrepreneur who starts a business by working.\"</p><p><img src=\"https://static.tigerbbs.com/d1679a6ea996148f8944b03f7aabf94e\" tg-width=\"891\" tg-height=\"746\" referrerpolicy=\"no-referrer\"></p><p>What does Jia Yueting, who has no equity, use to pay off his debt? The answer lies in its personal bankruptcy reorganization plan.</p><p>Jia Yueting is well versed in capital skills, and his \"debt repayment skills\" are even more superb. Jia Yueting chose to transfer his FF equity to creditors through creditor trust. That is to say, creditors have become shareholders of FF. However, the plan stipulates that creditors can only sell the FF equity in the trust after the FF IPO. This means that only after FF goes public can creditors get their own money.</p><p>Regardless of whether creditors are optimistic about FF or not, Jia Yueting can only accept this plan when he cannot come up with real money to repay the debt. Although Jia Yueting euphemistically claims that this is working for creditors, in fact it is to bind creditors to FF and slow down the intensity of debt collection.</p><p>According to S4 documents, FF's original shareholders and creditors (through debt-to-equity swaps) will continue to hold 213,176,594 shares of the company after the transaction, with an equity ratio of 66%. If calculated at a valuation of US $3.4 billion, this part is about US $2.24 billion. If this money can be cashed in, it may not be impossible for Jia Yueting to pay off his debts.</p><p>Looking back, although Jia Yueting's bankruptcy and reorganization process was not without ups and downs, it was also smooth.</p><p>This is not unrelated to Jia Yueting's strategizing. According to media analysis, this has something to do with Jia Yueting's \"turning against each other\" with his family.</p><p>Previously, Jia Yueting was sued by his ex-wife Gan Wei, his brother Jia Yuemin and his sister Jia Yuefang, claiming US $500 million, US $800 million and US $50 million respectively. In this way, Jia Yueting's total debt amount increased, the right to speak of other creditors was diluted, and the bankruptcy reorganization plan was successfully passed. In addition, judging from the debt amount of his family, if FF is successfully listed, Jia Yueting will not have nothing.</p><p>Jia Yueting's way of repaying debts is not just as simple as suspending \"forcing debts\". According to media reports, the quiescent period of the creditor's lawsuit against Jia Yueting is 4 years, which means that the creditor will not file a lawsuit against Jia Yueting within 4 years. If there are no other debts, Jia Yueting's \"Lao Lai\" status may also be lifted. In this case, he was given enough breathing time and a chance to \"whitewash\".</p><p>FF with an uncertain future</p><p>All along, when Jia Yueting's reputation cannot be restored, the biggest impact is actually the financing of FF.</p><p>Jia Yueting also worked hard to finance FF. To this end, Jia Yueting chose to step down as CEO of FF.</p><p>On September 3, 2019, FF announced that Breitfeld Breitfeld became FF's global CEO and Jia Yueting became CPUO (Chief Product and User Officer). From the perspective of financing history, \"de-Jia Yueting\" has indeed achieved certain results.</p><p><img src=\"https://static.tigerbbs.com/d7df018c4258c3696d4279d6bf3e7161\" tg-width=\"900\" tg-height=\"711\" referrerpolicy=\"no-referrer\"></p><p>According to the statistics of Qichacha, FF has raised funds 9 times, totaling tens of billions of yuan.</p><p><img src=\"https://static.tigerbbs.com/7eb89966043e084ffdd3ebf8b1b36908\" tg-width=\"600\" tg-height=\"708\" referrerpolicy=\"no-referrer\"></p><p>It stands to reason that the amount of FF financing is already quite large, but the actual amount of funds received is still unknown. In addition, the specific investment method of investors is not clear.</p><p>According to industry analysts, the actual arrival of FF may not be as much as it seems, otherwise Jia Yueting would not be so anxious to raise funds. In addition, the electric vehicle industry burns money horribly.<a href=\"https://laohu8.com/S/NIO\">Nio</a>, XPeng, and Ideal have both raised billions of dollars, and the pressure on FF funds is naturally not small.</p><p>Nowadays, although FF is about to be listed, the industry is not so optimistic about FF.</p><p>The primary reason is that FF has not actually sold a car so far.</p><p>Back in 2015, Jia Yueting announced that he would build a car, boasting that he would all link LeTV's ecological chain to form a closed loop. However, six years later, LeTV has also been delisted, and FF has not delivered a single car. Looking at other domestic electric vehicle brands in the same period, the performance is remarkable.</p><p>Take the first half of 2021 as an example, Nio vehicles,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>The sales volume is 40,000 +, 30,000 +, and 30,000 + respectively. Even the newly emerging Nezha Automobile's cumulative sales volume in the first half of the year exceeded 20,000 vehicles.</p><p>Let's look at the progress of FF. In May 2021, the first FF Futurist Experience Center was settled in Manhattan, New York, USA.</p><p><img src=\"https://static.tigerbbs.com/2302ae5d340911e1cc5fd974085cc1ca\" tg-width=\"903\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></p><p>The only thing that can please Jia Yueting is the reservation volume of FF's official website. According to FF, by January this year, the number of bookings for FF91 has exceeded 14,000. If FF91 is priced at US $100,000 to US $180,000, FF has at least US $1.4 billion to US $2.52 billion in orders. However, there is no way to verify whether the data is true or not.</p><p>At present, FF91 has accepted reservations in China, with a deposit of 50,000 yuan. However, due to factors such as tariffs, the domestic selling price may reach more than 2 million yuan. It is unknown whether there is a domestic market for such an expensive electric vehicle.</p><p>In order to prove its strength, FF chose to continue to \"paint cakes\". FF once said that FF81 and FF71 for the public are already under development. It is reported that the FF81 starts at US $59,000, which is comparable to the benchmark<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>High-end models such as model S. The FF71 is expected to begin design and development in 2022, with a starting price of $45,000 and is aimed at mid-range consumers.</p><p>Another reason why the outside world is not optimistic about FF is that it is not yet known whether FF's production capacity will be sufficient.</p><p>Previously, FF announced that the Hanford factory already has mass production capacity, with an annual production capacity of 10,000 vehicles, but it will start production within 12 months after the merger of FF and PSAC.</p><p>In addition, according to media reports, FF is also cooperating with a leading manufacturing partner in South Korea to produce FF's follow-up models.</p><p>At the same time, FF also announced that it has signed a framework cooperation agreement with Geely Group and explored the possibility of providing OEM services by a joint venture between Geely and Foxconn.</p><p>However, these news show that FF's production line is not perfect, and its mass production capacity is only a slogan. Look at other domestic brands: XPeng vehicles currently have a planned total production capacity of 350,000 vehicles; Li Auto currently has an annual production capacity of 100,000 vehicles, but its new factory with an annual production capacity of 100,000 vehicles will be completed in 2022; Nio CEO Li Bin recently stated that the second factory in Nio will be put into production in the third quarter of next year, with an annual production capacity of 1 million vehicles.</p><p>Compared with other new car brands, FF seems to be full of shortcomings. Jia Yueting has been dormant for so long, maybe FF may have a big move in technology, but the answer can only be revealed one year later.</p><p>In April this year, Jia Yueting, who seemed to have seen the dawn, was hit hard again. LeTV said that it received the administrative penalty decision from Beijing Securities Regulatory Bureau of China Securities Regulatory Commission. For ten consecutive years of financial fraud from 2007 to 2016, LeTV was fined 240.6 million yuan and Jia Yueting was fined 241.2 million yuan. There are more voices questioning Jia Yueting.</p><p>July is a critical month for FF to go public. Can FF land smoothly? What is the stock price after listing? How should FF open the market? They are all gullies in front of Jia Yueting.</p>","source":"lsy1576054490042","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>In 19 days, Jia Yueting is going to do something big?</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\">\nIn 19 days, Jia Yueting is going to do something big?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">铅笔道</strong><span class=\"h-time small\">2021-07-02 22:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/a556d406f2cd07fbbf570fb90e4b3c67\" tg-width=\"1080\" tg-height=\"578\" referrerpolicy=\"no-referrer\"></p><p>Jia Yueting, a man who never forgets to put himself in the whirlpool of public opinion.</p><p>After being teased countless times for \"returning to China next week\", this may be the biggest one he hopes for.</p><p>Recently, FF, the electric vehicle brand founded by Jia Yueting, announced that its merger plan with PSAC has been approved. If it goes well, FF will be listed in the United States this month. This merger transaction will provide FF with approximately US $1 billion in funding, and its valuation after listing will be approximately US $3.4 billion.</p><p>This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\". At the same time, Jia Yueting's huge debt may also be repaid.</p><p>However, it is still unknown whether FF, which Jia Yueting has betted on everything, can be listed smoothly. In addition, even if FF is successfully listed, it still faces many problems. Compared with other electric vehicle brands, today's FF is full of shortcomings.</p><p>Jia Yueting, who has left the United States for 4 years and is still suffocating for his \"dream\", how will he and FF go on next? I wonder if he already has the answer in his heart.</p><p>Note: The content of this article mainly comes from the interview of Pencil Road reporters and the public information on the Internet. The arguments are inevitably biased and there is no deliberate misleading.</p><p>Boss Jia's \"debt repayment technology\"</p><p>Recently, a listing news made Jia Yueting the focus of public opinion again.</p><p>FF, whose founder and CPUO he serves as, announced on June 24, US time, that the US stock listing document S4 submitted by the company has officially taken effect, and the US Securities and Exchange Commission has approved the merger plan of PSAC and FF.</p><p>This means that FF listing will become possible in the near future. According to FF, a PSAC shareholder meeting will be held on July 20 to vote on the FF merger. If the merger is successfully passed, it will be listed on Nasdaq on July 21st.</p><p><img src=\"https://static.tigerbbs.com/937db887fc673e84e69530f0738c1588\" tg-width=\"1080\" tg-height=\"761\" referrerpolicy=\"no-referrer\"></p><p>FF also mentioned that this merger transaction will provide FF with approximately US $1 billion in funds, including US $230 million in cash held by PSAC in the form of trust (assuming no redemption). Its valuation after listing is about $3.4 billion.</p><p>Besides, there is a more important point. That is, after the transaction ends, FF's first flagship product FF 91 is expected to be mass-produced and delivered on a large scale within 12 months. This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\".</p><p>The news of FF's listing rekindled the confidence of Jia Yueting's creditors.</p><p>After LeTV's capital chain broke in 2017, Jia Yueting went to the United States to continue building cars. In October 2019, Jia Yueting filed for personal bankruptcy and reorganization in the United States amid the voice of \"paying back the money\". In July 2020, Jia Yueting's bankruptcy and reorganization was finally completed, and the reorganization plan officially came into effect. According to the disclosure of Jia Yueting's debt processing team on October 14, 2019, Jia Yueting's remaining net debt is approximately US $2 billion.</p><p>Regarding his own situation, Jia Yueting was<a href=\"https://laohu8.com/S/WB\">Weibo</a>In the article \"Working to Start a Business, Restarting Life, with My Apology, Gratitude and Commitment\", the article mentioned, \"I put all the remaining personal equity into a creditor trust managed by a third party, and I am no longer a holder of FF equity since then., and become a migrant worker who works with an entrepreneurial mentality and an entrepreneur who starts a business by working.\"</p><p><img src=\"https://static.tigerbbs.com/d1679a6ea996148f8944b03f7aabf94e\" tg-width=\"891\" tg-height=\"746\" referrerpolicy=\"no-referrer\"></p><p>What does Jia Yueting, who has no equity, use to pay off his debt? The answer lies in its personal bankruptcy reorganization plan.</p><p>Jia Yueting is well versed in capital skills, and his \"debt repayment skills\" are even more superb. Jia Yueting chose to transfer his FF equity to creditors through creditor trust. That is to say, creditors have become shareholders of FF. However, the plan stipulates that creditors can only sell the FF equity in the trust after the FF IPO. This means that only after FF goes public can creditors get their own money.</p><p>Regardless of whether creditors are optimistic about FF or not, Jia Yueting can only accept this plan when he cannot come up with real money to repay the debt. Although Jia Yueting euphemistically claims that this is working for creditors, in fact it is to bind creditors to FF and slow down the intensity of debt collection.</p><p>According to S4 documents, FF's original shareholders and creditors (through debt-to-equity swaps) will continue to hold 213,176,594 shares of the company after the transaction, with an equity ratio of 66%. If calculated at a valuation of US $3.4 billion, this part is about US $2.24 billion. If this money can be cashed in, it may not be impossible for Jia Yueting to pay off his debts.</p><p>Looking back, although Jia Yueting's bankruptcy and reorganization process was not without ups and downs, it was also smooth.</p><p>This is not unrelated to Jia Yueting's strategizing. According to media analysis, this has something to do with Jia Yueting's \"turning against each other\" with his family.</p><p>Previously, Jia Yueting was sued by his ex-wife Gan Wei, his brother Jia Yuemin and his sister Jia Yuefang, claiming US $500 million, US $800 million and US $50 million respectively. In this way, Jia Yueting's total debt amount increased, the right to speak of other creditors was diluted, and the bankruptcy reorganization plan was successfully passed. In addition, judging from the debt amount of his family, if FF is successfully listed, Jia Yueting will not have nothing.</p><p>Jia Yueting's way of repaying debts is not just as simple as suspending \"forcing debts\". According to media reports, the quiescent period of the creditor's lawsuit against Jia Yueting is 4 years, which means that the creditor will not file a lawsuit against Jia Yueting within 4 years. If there are no other debts, Jia Yueting's \"Lao Lai\" status may also be lifted. In this case, he was given enough breathing time and a chance to \"whitewash\".</p><p>FF with an uncertain future</p><p>All along, when Jia Yueting's reputation cannot be restored, the biggest impact is actually the financing of FF.</p><p>Jia Yueting also worked hard to finance FF. To this end, Jia Yueting chose to step down as CEO of FF.</p><p>On September 3, 2019, FF announced that Breitfeld Breitfeld became FF's global CEO and Jia Yueting became CPUO (Chief Product and User Officer). From the perspective of financing history, \"de-Jia Yueting\" has indeed achieved certain results.</p><p><img src=\"https://static.tigerbbs.com/d7df018c4258c3696d4279d6bf3e7161\" tg-width=\"900\" tg-height=\"711\" referrerpolicy=\"no-referrer\"></p><p>According to the statistics of Qichacha, FF has raised funds 9 times, totaling tens of billions of yuan.</p><p><img src=\"https://static.tigerbbs.com/7eb89966043e084ffdd3ebf8b1b36908\" tg-width=\"600\" tg-height=\"708\" referrerpolicy=\"no-referrer\"></p><p>It stands to reason that the amount of FF financing is already quite large, but the actual amount of funds received is still unknown. In addition, the specific investment method of investors is not clear.</p><p>According to industry analysts, the actual arrival of FF may not be as much as it seems, otherwise Jia Yueting would not be so anxious to raise funds. In addition, the electric vehicle industry burns money horribly.<a href=\"https://laohu8.com/S/NIO\">Nio</a>, XPeng, and Ideal have both raised billions of dollars, and the pressure on FF funds is naturally not small.</p><p>Nowadays, although FF is about to be listed, the industry is not so optimistic about FF.</p><p>The primary reason is that FF has not actually sold a car so far.</p><p>Back in 2015, Jia Yueting announced that he would build a car, boasting that he would all link LeTV's ecological chain to form a closed loop. However, six years later, LeTV has also been delisted, and FF has not delivered a single car. Looking at other domestic electric vehicle brands in the same period, the performance is remarkable.</p><p>Take the first half of 2021 as an example, Nio vehicles,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>The sales volume is 40,000 +, 30,000 +, and 30,000 + respectively. Even the newly emerging Nezha Automobile's cumulative sales volume in the first half of the year exceeded 20,000 vehicles.</p><p>Let's look at the progress of FF. In May 2021, the first FF Futurist Experience Center was settled in Manhattan, New York, USA.</p><p><img src=\"https://static.tigerbbs.com/2302ae5d340911e1cc5fd974085cc1ca\" tg-width=\"903\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></p><p>The only thing that can please Jia Yueting is the reservation volume of FF's official website. According to FF, by January this year, the number of bookings for FF91 has exceeded 14,000. If FF91 is priced at US $100,000 to US $180,000, FF has at least US $1.4 billion to US $2.52 billion in orders. However, there is no way to verify whether the data is true or not.</p><p>At present, FF91 has accepted reservations in China, with a deposit of 50,000 yuan. However, due to factors such as tariffs, the domestic selling price may reach more than 2 million yuan. It is unknown whether there is a domestic market for such an expensive electric vehicle.</p><p>In order to prove its strength, FF chose to continue to \"paint cakes\". FF once said that FF81 and FF71 for the public are already under development. It is reported that the FF81 starts at US $59,000, which is comparable to the benchmark<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>High-end models such as model S. The FF71 is expected to begin design and development in 2022, with a starting price of $45,000 and is aimed at mid-range consumers.</p><p>Another reason why the outside world is not optimistic about FF is that it is not yet known whether FF's production capacity will be sufficient.</p><p>Previously, FF announced that the Hanford factory already has mass production capacity, with an annual production capacity of 10,000 vehicles, but it will start production within 12 months after the merger of FF and PSAC.</p><p>In addition, according to media reports, FF is also cooperating with a leading manufacturing partner in South Korea to produce FF's follow-up models.</p><p>At the same time, FF also announced that it has signed a framework cooperation agreement with Geely Group and explored the possibility of providing OEM services by a joint venture between Geely and Foxconn.</p><p>However, these news show that FF's production line is not perfect, and its mass production capacity is only a slogan. Look at other domestic brands: XPeng vehicles currently have a planned total production capacity of 350,000 vehicles; Li Auto currently has an annual production capacity of 100,000 vehicles, but its new factory with an annual production capacity of 100,000 vehicles will be completed in 2022; Nio CEO Li Bin recently stated that the second factory in Nio will be put into production in the third quarter of next year, with an annual production capacity of 1 million vehicles.</p><p>Compared with other new car brands, FF seems to be full of shortcomings. Jia Yueting has been dormant for so long, maybe FF may have a big move in technology, but the answer can only be revealed one year later.</p><p>In April this year, Jia Yueting, who seemed to have seen the dawn, was hit hard again. LeTV said that it received the administrative penalty decision from Beijing Securities Regulatory Bureau of China Securities Regulatory Commission. For ten consecutive years of financial fraud from 2007 to 2016, LeTV was fined 240.6 million yuan and Jia Yueting was fined 241.2 million yuan. There are more voices questioning Jia Yueting.</p><p>July is a critical month for FF to go public. Can FF land smoothly? What is the stock price after listing? How should FF open the market? They are all gullies in front of Jia Yueting.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/nHVDuAdzDGJsDe1BiC3QuA\">铅笔道</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a556d406f2cd07fbbf570fb90e4b3c67","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/nHVDuAdzDGJsDe1BiC3QuA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116214742","content_text":"贾跃亭，一个时刻不忘让自己处在舆论漩涡中的男人。\n在被调侃过无数次“下周回国”之后，这次可能是他希望最大的一次。\n近日，贾跃亭创立的电动汽车品牌FF宣布其与PSAC的合并计划已被批准。如果顺利，本月FF将在美上市。本次合并交易将为FF提供约10亿美元的资金，上市后其估值约为34亿美元。\n这意味着，贾跃亭的造车梦将圆，终于能摆脱“PPT造车”的标签。同时，贾跃亭的巨额债务，也有了偿还的可能。\n然而，被贾跃亭押上一切的FF能否顺利上市，其实也还是一个未知数。此外，即便FF顺利上市，其面临的问题还有许多。与其他电动汽车品牌相比，如今的FF处处是短板。\n出走美国4年，依然在为“梦想”窒息的贾跃亭，他和FF接下来的路将如何走下去？不知他心里是否已经有了答案。\n注：本文内容主要来自铅笔道记者采访和网络公开信息，论据难免偏颇，不存在刻意误导。\n贾老板的“还债技术”\n最近，一则上市消息让贾跃亭再次成为舆论焦点。\n他担任创始人兼CPUO的FF于美国时间6月24日宣布，公司提交的美股上市文件S4已经正式生效，美国证券交易委员会已经批准了PSAC和FF的合并计划。\n这意味着FF上市在近期内成为可能。据FF介绍，7月20日将举行PSAC股东会议，对FF合并进行投票。如果顺利通过合并，将于7月21日在纳斯达克挂牌上市。\n\nFF还提到，本次合并交易将为FF提供约10亿美元的资金，其中包括PSAC以信托形式持有的2.3亿美元现金（假设不赎回的条件下）。在上市后其估值约为34亿美元。\n此外，还有更重要的一点。那就是在交易结束后，FF的首款旗舰产品FF 91在12个月内有望大规模量产和交付。这意味着，贾跃亭的造车梦将圆，终于能摆脱“PPT造车”的标签。\nFF上市的消息，让贾跃亭的债主们重新燃起了信心。\n在2017年乐视资金链断裂后，贾跃亭远赴美国继续造车。在一片“还钱”的追讨声中，2019年10月贾跃亭在美申请个人破产重组。2020年7月，贾跃亭破产重组最终完成，重组方案正式生效。据贾跃亭债务处理小组于2019年10月14日披露，贾跃亭剩下债务净额约为20亿美元。\n对于自身处境，贾跃亭当时在微博发文《打工创业、重启人生，带着我的致歉、感恩和承诺》，文中提到，“我把剩余全部个人股权装入了第三方管理的债权人信托，我自此不再是FF股权的持有者，而成为以创业心态打工的打工者和用打工方式创业的创业者。”\n\n没有股权的贾跃亭用什么还账？答案就在其个人破产重组方案中。\n贾跃亭深谙资本技巧，“还账术”更为高超。贾跃亭选择把其持有的FF股权通过债权人信托的方式转让给债权人。意思就是说，债权人成为了FF的股东。但是方案规定，FF IPO后债权人才能出售信托内的FF股权。这就意味着只有FF上市后，债权人才有可能拿到自己的钱。\n不管债权人看不看好FF，在贾跃亭拿不出真金白银还账的情况下，只能接受这一方案。虽然贾跃亭美其名曰这是给债权人打工，实则是让债权人和FF绑定，减缓对其催债的力度。\n据S4文件显示，FF原有股东以及债权人（通过债转股）将在交易后继续占有公司 213,176,594股股票，股权比例达66%。如果按照34亿美元估值计算，这部分约为22.4亿美元。这笔钱如果能兑现，让贾跃亭还清债务也许并不是没有可能。\n回过头来看，贾跃亭破产重整过程，虽然不是毫无坎坷，但也说得上顺利。\n之所以这样，和贾跃亭的运筹帷幄不无关系。据媒体分析，这和贾跃亭与其家人“反目”有关。\n此前，贾跃亭先后被前妻甘薇、哥哥贾跃民、妹妹贾跃芳起诉，分别索赔5亿美元、8亿美元、5000万美元。通过这种方式，贾跃亭的总负债额度增高，其他债权人的话语权被稀释，破产重组方案得以顺利通过。此外，以家人们债务额度来看，假如FF上市成功，贾跃亭并不是一无所有。\n贾跃亭的还账方式，并不仅仅是暂停“逼债”那么简单。据媒体介绍，债权人给贾跃亭的诉讼静止期是4年，也就是说债主在4年内，不会对贾跃亭提起诉讼。如果没有其他债务，贾跃亭的“老赖”身份或许也会被解除。在这种情况下，就给了他足够喘息时间，也给了他“洗白”的机会。\n前途未卜的FF\n一直以来，在贾跃亭名誉无法恢复的情况下，影响最大的其实是FF的融资。\n贾跃亭为FF融资也费尽心思。为此，贾跃亭选择卸任FF的CEO。\n2019年9月3日，FF宣布毕福康成为FF全球CEO，贾跃亭出任CPUO（首席产品和用户官）。从融资历史来看，“去贾跃亭化”确实取得了一定效果。\n\n据企查查统计，FF先后融资已有9次，总额数百亿元。\n\n按理说FF融资金额已经不少，但是资金实际到账多少还是未知，此外，投资方具体出资方式也不明确。\n业内人士分析，FF实际到账或许并没有看起来那么多，不然贾跃亭不会如此着急融资。此外，电动汽车行业烧钱恐怖，蔚来、小鹏、理想均融资数十亿美元，FF资金压力自然不小。\n如今，虽然FF上市在即，但是业内对FF并没有那么看好。\n首要原因是，FF至今还未真正卖出过一辆车。\n时间回到2015年，贾跃亭宣布造车，豪言称要全部链接乐视生态链，形成闭环。然而，6年过了，乐视也已退市，而FF一辆汽车都未交付。再看同期的其他国产电动汽车品牌，业绩斐然。\n就拿2021年上半年来看，蔚来汽车、小鹏汽车、理想汽车销售量，分别4万辆+、3万辆+、3万辆+，就算刚崛起的哪吒汽车，上半年累计销售量也突破了2万辆。\n再看FF的进度。2021年5月，首个FF未来主义者体验中心才落户美国纽约曼哈顿。\n\n唯一能让贾跃亭欣慰的，只有FF的官网预定量。据FF透露，到今年1月份，FF91的预订量已经超过1.4万。如果以FF91定价10万~18万美元来算，FF至少有14亿~25.2亿美元的订单。但是，数据是否真实也无从考证。\n目前，FF91在中国已经接受预订，定金5万元。但是受关税等因素影响，国内售价或将达200万元以上。如此高昂的电动汽车，在国内是否有市场也是未知数。\n为了证明自身的实力，FF选择继续“画饼”，FF曾表示，面向大众的FF81和FF71已在研发中。据悉，FF81起售价5.9万美元，对标特斯拉model S等高端车型。FF71预计2022年开始进行设计和开发，起售价为4.5万美元，面向中端消费者。\n外界不看好FF，还有一个原因是FF的产能能否足够，尚未可知。\n此前，FF宣布汉福德工厂已经具备了量产能力，年产能为10000辆，但是要在FF与PSAC的合并后的12个月内开始投产。\n此外，据媒体报道，FF还正在与韩国一家领先的制造伙伴合作，生产FF的后续车型。\n同时，FF也宣布，已与吉利集团签署框架合作协议，并探讨由吉利与富士康的合资公司提供代工服务的可能性。\n但是这些消息表明，FF的产线并未完善，量产能力还只有口号。再看国内其他品牌：小鹏汽车目前规划总产能为35万辆；理想汽车目前年产能为10万辆，但是其年产能10万辆新厂房2022年将完工；蔚来CEO李斌近期表示，蔚来第二家工厂明年三季度投产，年产能100万辆。\n与其他新造车品牌相比，FF貌似处处是短板。贾跃亭蛰伏如此之久，或许FF在技术方面有大招也不一定，但是也只能在一年后才能揭晓答案。\n今年4月，仿佛看到曙光的贾跃亭再被重击。乐视网称收到证监会北京证监局送到的行政处罚决定书，因乐视网2007年至2016年连续十年财务造假，乐视网被处以2.406亿元罚款，贾跃亭被罚款 2.412亿元。对贾跃亭质疑的声音更多。\n7月，是FF上市关键的一个月，FF能够顺利上岸？上市后股价如何？FF该怎么打开市场？都是横在贾跃亭前面的一道道沟壑。","news_type":1,"symbols_score_info":{"PSAC":0.9}},"isVote":1,"tweetType":1,"viewCount":1531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149708815,"gmtCreate":1625746987637,"gmtModify":1703747651091,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577705130761729","authorIdStr":"3577705130761729"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149708815","repostId":"1160205102","repostType":4,"repost":{"id":"1160205102","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":1625739764,"share":"https://ttm.financial/m/news/1160205102?lang=en_US&edition=fundamental","pubTime":"2021-07-08 18:22","market":"hk","language":"zh","title":"Xiaomi Group: 7.75 million shares were repurchased today at a total cost of HK $197 million","url":"https://stock-news.laohu8.com/highlight/detail?id=1160205102","media":"老虎资讯综合","summary":"7月8日，小米集团在港交所公告称，今日回购775万股，共耗资1.97亿港元。","content":"<p>On July 8, Xiaomi Group announced on the Hong Kong Stock Exchange that it would repurchase 7.75 million shares today at a total cost of HK $197 million.<img src=\"https://static.tigerbbs.com/0e172616aa234f62f7f9b915df5d7f18\" tg-width=\"1595\" tg-height=\"573\"><img src=\"https://static.tigerbbs.com/a7d88e020ca68edd2f98b2a3986e57e9\" 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>Xiaomi Group: 7.75 million shares were repurchased today at a total cost of HK $197 million</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 Group: 7.75 million shares were repurchased today at a total cost of HK $197 million\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\">2021-07-08 18:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On July 8, Xiaomi Group announced on the Hong Kong Stock Exchange that it would repurchase 7.75 million shares today at a total cost of HK $197 million.<img src=\"https://static.tigerbbs.com/0e172616aa234f62f7f9b915df5d7f18\" tg-width=\"1595\" tg-height=\"573\"><img src=\"https://static.tigerbbs.com/a7d88e020ca68edd2f98b2a3986e57e9\" tg-width=\"840\" tg-height=\"470\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3df686d3a6ca977e8c6841905eb7e18c","relate_stocks":{"01810":"小米集团-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160205102","content_text":"7月8日，小米集团在港交所公告称，今日回购775万股，共耗资1.97亿港元。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":1412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140743530,"gmtCreate":1625676994620,"gmtModify":1703746319939,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577705130761729","authorIdStr":"3577705130761729"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140743530","repostId":"2149945113","repostType":4,"repost":{"id":"2149945113","kind":"news","pubTimestamp":1625654645,"share":"https://ttm.financial/m/news/2149945113?lang=en_US&edition=fundamental","pubTime":"2021-07-07 18:44","market":"hk","language":"zh","title":"The U.S. Department of Defense has new orders, and bidders include Amazon, Microsoft, etc.","url":"https://stock-news.laohu8.com/highlight/detail?id=2149945113","media":"智通财经","summary":"美国国防部宣布取消了价值100亿美元的联合企业防御基础设施(JEDI)云计算合同，该合同曾成为亚马逊和微软之间的争夺焦点。同时，美国国防部还宣布了一项新的多供应商合同，包括微软、亚马逊、甲骨文及IBM","content":"<p>The U.S. Department of Defense announced the cancellation of a $10 billion Joint Enterprise Defense Infrastructure (JEDI) cloud computing contract that became<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>And<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>The focus of competition between. At the same time, the U.S. Department of Defense also announced a new multi-vendor contract including Microsoft, Amazon,<a href=\"https://laohu8.com/S/ORCL\">Oracle bone inscriptions</a>(b)<a href=\"https://laohu8.com/S/IBM\">IBM</a>Are potential candidates.</p><p>The new agreement, known as the Joint Warfighter Cloud Capability (JWCC), is a project of no more than five years and costing \"billions of dollars.\" Bidders are expected to be determined around October, with new contracts expected to be awarded in spring 2022. It is reported that the \"Joint Enterprise Defense Infrastructure\" project is called \"War Cloud\". This project aims to realize the storage and processing of a large amount of encrypted data, improve the communication between the Pentagon and frontline troops, and use artificial intelligence to speed up combat planning, enhance combat capabilities, and promote the modernization of the US military's information technology system.</p><p>Microsoft beat Amazon in October 2019 to secure a big contract from the U.S. Department of Defense. This caused Amazon's dissatisfaction, believing that then US President Trump's prejudice against Amazon and Bezos led the US Department of Defense to favor Microsoft, and immediately filed a lawsuit in the US federal court.</p><p>After the related lawsuit delayed the deal for several years, the U.S. Department of Defense announced yesterday that \"due to changing needs, cloud technology developments and industry advancements, the contract for the JEDI project can no longer meet the needs of the Department of Defense.\" \"The announcement also announced a multi-vendor contract, called JWCC, to provide many of the services that JEDI would otherwise provide.</p>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The U.S. Department of Defense has new orders, and bidders include Amazon, Microsoft, etc.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe U.S. Department of Defense has new orders, and bidders include Amazon, Microsoft, etc.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2021-07-07 18:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The U.S. Department of Defense announced the cancellation of a $10 billion Joint Enterprise Defense Infrastructure (JEDI) cloud computing contract that became<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>And<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>The focus of competition between. At the same time, the U.S. Department of Defense also announced a new multi-vendor contract including Microsoft, Amazon,<a href=\"https://laohu8.com/S/ORCL\">Oracle bone inscriptions</a>(b)<a href=\"https://laohu8.com/S/IBM\">IBM</a>Are potential candidates.</p><p>The new agreement, known as the Joint Warfighter Cloud Capability (JWCC), is a project of no more than five years and costing \"billions of dollars.\" Bidders are expected to be determined around October, with new contracts expected to be awarded in spring 2022. It is reported that the \"Joint Enterprise Defense Infrastructure\" project is called \"War Cloud\". This project aims to realize the storage and processing of a large amount of encrypted data, improve the communication between the Pentagon and frontline troops, and use artificial intelligence to speed up combat planning, enhance combat capabilities, and promote the modernization of the US military's information technology system.</p><p>Microsoft beat Amazon in October 2019 to secure a big contract from the U.S. Department of Defense. This caused Amazon's dissatisfaction, believing that then US President Trump's prejudice against Amazon and Bezos led the US Department of Defense to favor Microsoft, and immediately filed a lawsuit in the US federal court.</p><p>After the related lawsuit delayed the deal for several years, the U.S. Department of Defense announced yesterday that \"due to changing needs, cloud technology developments and industry advancements, the contract for the JEDI project can no longer meet the needs of the Department of Defense.\" \"The announcement also announced a multi-vendor contract, called JWCC, to provide many of the services that JEDI would otherwise provide.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/509311.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/33a7c3b01fe631a9615e5ce7fd89ba66","relate_stocks":{"AMZN":"亚马逊","QNETCN":"纳斯达克中美互联网老虎指数","MSFT":"微软"},"source_url":"http://www.zhitongcaijing.com/content/detail/509311.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149945113","content_text":"美国国防部宣布取消了价值100亿美元的联合企业防御基础设施(JEDI)云计算合同，该合同曾成为亚马逊和微软之间的争夺焦点。同时，美国国防部还宣布了一项新的多供应商合同，包括微软、亚马逊、甲骨文及IBM都是潜在候选。\n这项被称为联合作战人员云能力”(JWCC)的新协议，是一个为期不超过五年的项目，耗资“数十亿美元”。预计投标人将在10月左右确定，新合同预计将在2022年春季授予。据悉，“联合企业防御基础设施”项目获称“战争云”。这一项目旨在实现大量加密数据的存储和处理，旨在改善五角大楼与前线部队的沟通，并借助人工智能加快作战筹划、提升作战能力，推进美军信息技术系统现代化。\n微软在2019年10月击败了亚马逊，取得了美国国防部的大合同。这引起了亚马逊的不满，认为时任美国总统特朗普对亚马逊和贝索斯的偏见导致美国国防部倾向微软，随即向美国联邦法院提起诉讼。\n相关诉讼将交易推迟数年后，美国国防部昨天宣布，“由于需求不断变化、云技术发展和行业的进步，JEDI项目的合同已不能满足国防部的需求”。\"该声明还宣布了一项名为 JWCC 的多供应商合同，以提供JEDI原本要提供的许多服务。","news_type":1,"symbols_score_info":{"MSFT":0.9,"QNETCN":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1543,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153399189,"gmtCreate":1625009000541,"gmtModify":1703849851736,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577705130761729","authorIdStr":"3577705130761729"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153399189","repostId":"2147629258","repostType":4,"isVote":1,"tweetType":1,"viewCount":1519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127337567,"gmtCreate":1624835142659,"gmtModify":1703845606610,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577705130761729","authorIdStr":"3577705130761729"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127337567","repostId":"1175717613","repostType":4,"repost":{"id":"1175717613","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1624799107,"share":"https://ttm.financial/m/news/1175717613?lang=en_US&edition=fundamental","pubTime":"2021-06-27 21:05","market":"us","language":"zh","title":"Growth VS value, this is the biggest difference in US stocks right now","url":"https://stock-news.laohu8.com/highlight/detail?id=1175717613","media":"华尔街见闻","summary":"一场成长股与价值股之间的角力正在展开。\n\n行至年中，笼罩的美股上方的不确定性越来越大，对美股风格也产生了巨大影响，一场成长股与价值股之间的角力正在展开。\n就不确定性而言，一方面，美国货币和财政支持可能","content":"<p>A wrestle between growth stocks and value stocks is unfolding. By the middle of the year, the uncertainty above the U.S. stock market is growing, which has also had a huge impact on the style of the U.S. stock market. A wrestling between growth stocks and value stocks is unfolding.</p><p>In terms of uncertainty, on the one hand, U.S. monetary and fiscal support is likely to decrease, which will weaken the dynamism of the current economic recovery and put pressure on corporate earnings growth. In addition, the U.S. government's plan to raise taxes is another potential disincentive factor.</p><p>On the other hand, the trend of inflation has become another major uncertainty affecting the trend of U.S. stocks. If the upward pressure on prices continues, the result is that rate hike expectations rise, and U.S. stocks may go through a bumpy road.</p><p>These uncertainties dominate the trend of growth and value stocks, and expected changes in inflation and monetary policy will determine the style of U.S. stocks in the second half of the year.</p><p>Wall Street News previously mentioned that since the beginning of this year, as U.S. bond yields have risen rapidly and U.S. stocks have rotated rapidly, the stock prices of technology giants that have enjoyed great success during the epidemic have fallen sharply, while cyclical stocks that are more sensitive to economic recovery have rebounded collectively.</p><p>However, recently, as inflation expectations have cooled and U.S. bond yields have declined, technology stocks have regained market favor, especially since the Federal Reserve hinted that rate hike will be earlier than expected, the gains in technology stocks have intensified.</p><p>Many analysts sided with technology stocks, believing that after a correction, the valuations of U.S. technology giants have begun to show attractiveness, which means that these technology leaders are expected to continue to rise.</p><p>Barclays strategist Maneesh Deshpande believes U.S. technology stocks are relatively cheap right now. According to data from Barclays, FANMAG currently has an average forward P/E of 29.9 x. That's only marginally higher than the roughly 28 times before the pandemic began in December 2019, and a significant drop from the peak of 40 times in the middle of last year.</p><p>Jason Pride, chief investment officer of Glenmede Private Wealth, believes that the market for value stocks is not over yet, and value stocks will outperform technology stocks:</p><p>We are still in the midst of a fundamental recovery, with improved economic growth and revenues. Our base assumption is that inflation will eventually stabilize between 2% and 3%, which will benefit value stocks more than growth stocks. Morgan Stanley Asset Management also prefers value stocks. Andrew Slimmon, senior portfolio manager at the agency, said that when the economy is stronger, there is a tendency to hold inflation-sensitive stocks, and people may underestimate the duration of this cycle.</p><p>Slimmon pointed out that value stocks are still cheap relative to the broader market, and the phase of value stocks' overperformance will continue.</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>Growth VS value, this is the biggest difference in US stocks right now</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\">\nGrowth VS value, this is the biggest difference in US stocks right now\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-06-27 21:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>A wrestle between growth stocks and value stocks is unfolding. By the middle of the year, the uncertainty above the U.S. stock market is growing, which has also had a huge impact on the style of the U.S. stock market. A wrestling between growth stocks and value stocks is unfolding.</p><p>In terms of uncertainty, on the one hand, U.S. monetary and fiscal support is likely to decrease, which will weaken the dynamism of the current economic recovery and put pressure on corporate earnings growth. In addition, the U.S. government's plan to raise taxes is another potential disincentive factor.</p><p>On the other hand, the trend of inflation has become another major uncertainty affecting the trend of U.S. stocks. If the upward pressure on prices continues, the result is that rate hike expectations rise, and U.S. stocks may go through a bumpy road.</p><p>These uncertainties dominate the trend of growth and value stocks, and expected changes in inflation and monetary policy will determine the style of U.S. stocks in the second half of the year.</p><p>Wall Street News previously mentioned that since the beginning of this year, as U.S. bond yields have risen rapidly and U.S. stocks have rotated rapidly, the stock prices of technology giants that have enjoyed great success during the epidemic have fallen sharply, while cyclical stocks that are more sensitive to economic recovery have rebounded collectively.</p><p>However, recently, as inflation expectations have cooled and U.S. bond yields have declined, technology stocks have regained market favor, especially since the Federal Reserve hinted that rate hike will be earlier than expected, the gains in technology stocks have intensified.</p><p>Many analysts sided with technology stocks, believing that after a correction, the valuations of U.S. technology giants have begun to show attractiveness, which means that these technology leaders are expected to continue to rise.</p><p>Barclays strategist Maneesh Deshpande believes U.S. technology stocks are relatively cheap right now. According to data from Barclays, FANMAG currently has an average forward P/E of 29.9 x. That's only marginally higher than the roughly 28 times before the pandemic began in December 2019, and a significant drop from the peak of 40 times in the middle of last year.</p><p>Jason Pride, chief investment officer of Glenmede Private Wealth, believes that the market for value stocks is not over yet, and value stocks will outperform technology stocks:</p><p>We are still in the midst of a fundamental recovery, with improved economic growth and revenues. Our base assumption is that inflation will eventually stabilize between 2% and 3%, which will benefit value stocks more than growth stocks. Morgan Stanley Asset Management also prefers value stocks. Andrew Slimmon, senior portfolio manager at the agency, said that when the economy is stronger, there is a tendency to hold inflation-sensitive stocks, and people may underestimate the duration of this cycle.</p><p>Slimmon pointed out that value stocks are still cheap relative to the broader market, and the phase of value stocks' overperformance will continue.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175717613","content_text":"一场成长股与价值股之间的角力正在展开。\n\n行至年中，笼罩的美股上方的不确定性越来越大，对美股风格也产生了巨大影响，一场成长股与价值股之间的角力正在展开。\n就不确定性而言，一方面，美国货币和财政支持可能会减少，这将削弱当前经济复苏的活力，并对企业盈利增长造成压力。此外美国政府酝酿提高税收的计划是另一个潜在的抑制因素。\n另一方面，通胀走势成为牵动美股走势的另一大不确定性，如果价格的上行压力持续，结果是加息预期上升，美股可能会经历一段坎坷之路。\n这些不确定性主宰着成长和价值股票走势，通胀和货币政策走向预期的变动将决定美股下半年的风格。\n华尔街见闻此前提及，今年初以来，随着美债收益率快速走高，美股快速轮动，疫情期间风光无限的科技巨头们股价大幅回调，而对经济复苏较为敏感的周期股集体反弹。\n但近期，随着通胀预期降温，美债收益率下行，科技股重获市场青睐，尤其是美联储暗示将早于预期加息以来，科技股涨势加剧。\n有不少分析师站队科技股，认为经过一番回调，目前美国科技巨头们的估值已经开始彰显吸引力，这意味着这些科技领头羊有望继续上涨。\n巴克莱策略师Maneesh Deshpande认为目前美国科技股相对便宜。巴克莱(Barclays)的数据显示，FANMAG目前的平均预期市盈率为29.9倍。这只比2019年12月大流行开始前的约28倍高一点点，比去年年中40倍的峰值大幅下降。\n格伦米德(Glenmede)私人财富首席投资官Jason Pride则认为，价值股的行情还未结束，价值股将跑赢科技股：\n\n 我们仍处于基本面复苏之中，经济增长和收入都有所提高。我们的基本假设是，通胀最终会稳定在2%至3%之间，这对价值股的益处将大于成长股。\n\n摩根士丹利资产管理公司也偏好价值股。该机构高级投资组合经理Andrew Slimmon表示，在经济形势更为强劲的时候，倾向于持有对通胀敏感的股票，而人们可能低估了这个周期的持续时间。\nSlimmon指出，相对于更广泛的市场，价值型股票仍然很便宜，价值股表现超大盘的阶段将持续下去。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129634003,"gmtCreate":1624370643302,"gmtModify":1703834709839,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577705130761729","authorIdStr":"3577705130761729"},"themes":[],"htmlText":"。。。","listText":"。。。","text":"。。。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129634003","repostId":"1158994165","repostType":4,"repost":{"id":"1158994165","kind":"news","pubTimestamp":1624366338,"share":"https://ttm.financial/m/news/1158994165?lang=en_US&edition=fundamental","pubTime":"2021-06-22 20:52","market":"us","language":"zh","title":"Walmart VS Amazon: The War of American Retail Kings","url":"https://stock-news.laohu8.com/highlight/detail?id=1158994165","media":"霞光社 ","summary":"今年亚马逊再一次面临了来自沃尔玛的挑战。","content":"<p>When summer comes, what better way to generate interest than a shopping spree?</p><p>Similar to the 618 Shopping Carnival that is in full swing in China,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>(Amazon) is also holding its annual promotional binge (known as Amazon Prime Day) on Monday, June 21 and Tuesday, June 22. Last year, although most merchants such as Amazon had to postpone the promotion festival until October due to the impact of the epidemic, small and medium-sized enterprises on Amazon still achieved revenue of US $3.5 billion on Prime Day, a month-on-month increase of 60%.</p><p><b>However, this year Amazon once again faced a problem from<a href=\"https://laohu8.com/S/WMT\">Walmart</a>The challenge of.</b>After Amazon announced its promotion, Walmart also launched its \"2021 Deals for Days\" super promotion on the same day, which lasted from June 20th to 23rd, two days more than Amazon. A Wal-Mart spokesman said that during these four days, consumers can enjoy huge discounts on \"Black Friday\" on gardening, electronic products, household goods, toys, beauty cosmetics, fashion and other goods, whether in Wal-Mart official website or physical stores. It is reported that this year, Wal-Mart moved the \"Black Friday\" promotion, which will be held one day after Thanksgiving every year (that is, the fourth Friday in November every year), to June, and there will be no promotion activities in November.</p><p><img src=\"https://static.tigerbbs.com/1241bdcd5c343d678302482cd00eb2f4\" tg-width=\"554\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p><p>Amazon's competition with Walmart, the world's two largest retailers, is no stranger. In 2020, when Amazon's Prime Day event was held, Walmart launched a five-day \"Big Save\" promotion. In December 2020, Walmart also launched a membership service called \"Walmart +\", which is very similar to the service of Amazon Prime membership.</p><p>According to the US<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Research reports released by banks,<b>Amazon on track to overtake Walmart as the largest U.S. retailer in 2022</b>。 Analysts said that Amazon has \"the fastest growth in scale\" in the retail sector in the United States. Although neither company announces total merchandise transactions in quarterly results, it is estimated that Amazon's total merchandise transactions are growing faster than Walmart's.</p><p>Amazon's total merchandise transactions in 2020 increased 41% month-over-month to $316 billion, while Walmart's total merchandise transactions in 2020 increased 10% month-over-month to $439 billion, analysts said. Although Amazon's current total transaction volume is lower than Walmart's, according to the current growth rate, Amazon is expected to surpass Walmart in 2022.</p><p>Although Amazon is full of momentum, the future pattern of American retail industry needs to be analyzed from more specific aspects.</p><p><b>Amazon vs Walmart, comprehensive comparative analysis</b></p><p><b>Offline physical sales</b></p><p>As far as offline physical retail business is concerned, Wal-Mart has long had an advantage. With more than 4,700 stores in the United States, Wal-Mart has long become a habitual place for Americans to spend money. It is estimated that 90% of Americans live less than 10 miles from Wal-Mart stores.</p><p>At the same time, Amazon's physical retail business is making great strides. In 2020, Amazon expanded its offline business. In addition to opening more than 500 Whole Foods stores, Amazon also opened large-scale Amazon Fresh stores across the United States. At present, Amazon is operating 11 Wal-Mart stores, and 28 others are under construction, but Amazon has not made any further statements about the future planning.</p><p>Looking at the offline business, Walmart dominates the brick-and-mortar space with its ubiquitous stores, and despite Amazon's rapid growth, it still has a long way to go.</p><p><b>E-commerce Growth and Network Services</b></p><p>COVID-19 pandemic has put all stores on the fast track of digital growth, and Wal-Mart and Amazon are no exception. In fiscal year 2021 (i.e. February 1, 2020 to January 31, 2021), Walmart's e-commerce business grew by 79%. Amazon accounts for 40% of all e-commerce sales in the United States, and this number is still growing.</p><p>Wal-Mart's new app and new store design incorporate customers' mobile phones into shopping, blurring the boundary between offline shopping and online shopping. In 2020, Walmart launched a \"Walmart +\" membership equivalent to Amazon Prime membership, which includes various preferential services such as free shipping services, Scan and Go in-store shopping services, and gasoline discounts. In the five months of its launch, Walmart gained approximately 8 million users.</p><p>From Amazon's perspective, in addition to online shopping, Amazon has also achieved great success in the Prime streaming video business. In 2020, the number of users of this business has exceeded 175 million, and the streaming time has increased by more than 70% year-on-year. Separately, Amazon Web Services is now the company's darling, bringing Amazon $13.5 billion in profits in 2020.</p><p><img src=\"https://static.tigerbbs.com/13e3302325a7ad4e8318dd70c151fe43\" tg-width=\"554\" tg-height=\"333\" referrerpolicy=\"no-referrer\"></p><p>In terms of online business, the winner is undoubtedly Amazon, whose B2B and B2C businesses, as well as streaming media, have grown to become the industry leader.</p><p><b>Innovation and development</b></p><p>Both Amazon and Walmart are at the forefront of innovation.</p><p>On the Amazon side, in the last year alone, Amazon announced innovative services such as face payments, FAA-approved drone deliveries, and even created hair salons-all during the COVID-19 pandemic epidemic.</p><p>Amazon has also continued to expand into new areas, such as increasing drug supply and strengthening its smart home devices. In May of this year, Amazon announced the acquisition of MGM Studios for $8.45 billion to expand its commercial territory.</p><p>In addition, Amazon has always been a leader in innovative technology and automation in the industry. In 2021, Amazon will invest US $40 million to build a new storage site and will first open a 350,000-square-foot (approximately 32,516.064 square meters) storage site in Massachusetts<a href=\"https://laohu8.com/S/300024\">Robot</a>Autonomous transportation center, which aims to expand the use of robots in the supply chain.</p><p>Walmart is also constantly innovating in areas such as order fulfillment and customer experience. In 2020, Walmart launched Alphabot, a platform that can pick up, pack, and send online orders faster and more accurately than humans.</p><p>In addition, Wal-Mart is also redesigning 1,000 stores, which is expected to create a leaner and faster shopping experience for customers by the end of 2021. It is reported that the new design adds a more recognizable logo for customers, while the upgraded App function can point out the exact location of each item for customers.</p><p>In terms of innovation, Amazon is clearly superior. Amazon has revolutionized the retail field with its innovative products and services, as well as leading robotics and artificial intelligence technologies, and has thus become a leading enterprise in the industry.</p><p><b>Wal-Mart \"Copy Homework\": Last Mile Chase Battle</b></p><p>As mentioned above, Wal-Mart's general advantage lies in offline services, while Amazon's advantage lies online. In order to compete with Amazon, Walmart is trying to learn from Amazon's practice and build its own \"last mile\" independent delivery service.</p><p>Reuters said that establishing an independent distribution business is one of Wal-Mart's measures to narrow the sales gap with Amazon's e-commerce. Previously, Amazon had recruited a large number of small businesses to provide delivery services in vans printed with the company's logo, in order to control customer waiting times and costs.</p><p>Since the pandemic hit the U.S. market last year, the U.S<a href=\"https://laohu8.com/S/UPS\">United Parcel</a>Shipping service company UPS,<a href=\"https://laohu8.com/S/FDX\">FedEx</a>Companies FedEx and the U.S. Postal Service USPS have been saturated with shipping packages, and shipping costs have soared, forcing major companies to seek new ways to deliver express delivery while controlling soaring express delivery costs.</p><p>John, CEO of Walmart USA<a href=\"https://laohu8.com/S/FONR\">Forner</a>(John Furner) said on the company's earnings call that Walmart is already piloting its first \"last mile\" delivery van to deliver packages from Walmart stores or distribution centers to customers' homes.</p><p>Wal-Mart spokeswoman Camille Dunn said that since January, fleets of minivans have been deployed in Bentonville, Arkansas, near Wal-Mart headquarters and<a href=\"https://laohu8.com/S/ROG\">Rogers</a>(Rogers) area to deliver packages.</p><p>Cathy Morrow Roberson, founder of Logistics Trends & Insights, a global logistics market research firm, said: \"They [referring to Walmart] built a freight network, and I can't say they took customers away from Amazon, but keeping the parcel delivery business in-house can really give an advantage.\"</p><p>According to the analysis of Motley Fool, a well-known American investment media, Wal-Mart has certain advantages in distribution: Wal-Mart has its own independent stores and distribution centers, which means that it has a store network to complete online orders and a logistics network to supply these stores, so Wal-Mart doesn't need to spend time on goods and storage space.</p><p>In addition, a large part of Wal-Mart's sales still come from in-store customers, who have developed shopping habits over the years. Therefore, Wal-Mart's strong comprehensive sales service can retain \"repeat customers\" and ensure sufficient passenger flow.</p><p><b>Amazon's \"ambition\": the establishment of a global market</b></p><p>Although Wal-Mart is trying to secure its advantage in the retail market by establishing the \"last mile\", Amazon seems to have set its sights on the broader global market.</p><p><img src=\"https://static.tigerbbs.com/085032a356457297052d97fce19a954b\" tg-width=\"554\" tg-height=\"279\" referrerpolicy=\"no-referrer\"></p><p>Taking Amazon Prime membership as an example, eMarketer, a subsidiary of digital research firm Insider Intelligence, estimates that its users are growing faster outside the United States than in the United States. This could be because Prime membership is nearing saturation in the U.S. market (about 65% of U.S. households already became Prime members in 2021, according to eMarketer), while in other countries, Amazon may be just getting started with plenty of room to grow.</p><p>According to official data, in 2019, the number of new registrations for Amazon Prime Day reached an all-time high, and the registration rate outside the United States is getting higher and higher, which has boosted Amazon's international sales. On Prime Day 2021, 20 countries will participate, including China, Mexico, Japan, Italy, Turkey, Saudi Arabia and many others.</p><p>The benefits Amazon offers through Prime vary by country. Food is the main attraction in the UK and parts of Europe, while in emerging markets Prim has video streaming as its main attraction. Dave Fildes, head of investor relations at Amazon, said on the earnings conference call in April: \"In Brazil, for example, users first accept video subscription services, and then focus on other aspects such as shopping to become broader Prime members. This is a way to get new customers in touch with Amazon.\"</p><p>Fields also noted that users are more likely to sign up for a Prime membership after a 30-day free trial if they use streaming to watch videos. Once registered, it is likely that you will spend money on Amazon within the membership time, thus realizing the expansion of Amazon's global market.</p><p>In contrast, the prospect of Wal-Mart's global market is uncertain-in early 2018, Wal-Mart temporarily abandoned its slow-growing and struggling international business in favor of faster-growing e-commerce business. However, since then, Walmart has gradually reshaped its international business, acquiring Indian e-commerce start-up Flipkart for $16 billion, and investing in e-commerce businesses in Canada and Mexico.</p><p>From January to March 2021, Walmart International announced that its revenue fell by 8.3% to $27.3 billion due to \"negative impacts from government-imposed restrictions in certain markets (under the COVID-19 pandemic)\". However, due to the strong support of international e-commerce business, its market still maintained a growth rate of 5.1%.</p><p>In this chase, the \"king of American retail\"<a href=\"https://laohu8.com/S/5HT.SI\">Crown</a>Whose house will it fall into? Let's wait and see.</p><p><b><i>Article translated from:</i></b></p><p><i>By Cortney Moore, Walmart's' Deals for Days' event starts<a href=\"https://laohu8.com/S/AONE\">one</a>day ahead of Prime Day, FOX Business, https://www.foxbusiness.com/lifestyle/walmart-deals-days-amazon-prime</i></p><p><i>Blake Morgan, Who Wins The Battle Of Walmart Vs. Amazon?, Forbes,</i></p><p><i>https://www.forbes.com/sites/blakemorgan/2021/06/14/who-wins-the-battle-of-walmart-vs-amazon/? sh = 2537584a5ba7</i></p><p><i>Lisa Baertlein, Echoing Amazon: Walmart, Target try local package delivery, Reuters,</i></p><p><i>https://www.reuters.com/business/retail-consumer/echoing-amazon-walmart-target-try-local-package-delivery-2021-05-19/</i></p><p><i>Marc Bain, Amazon Prime has signed up most of America-now it wants the rest of the world, Quartz, https://qz.com/2018881/amazon-prime-day-prime-is-how-amazon-expands-around-the-world/</i></p>","source":"lsy1601451636609","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>Walmart VS Amazon: The War of American Retail Kings</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\">\nWalmart VS Amazon: The War of American Retail Kings\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">霞光社 </strong><span class=\"h-time small\">2021-06-22 20:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>When summer comes, what better way to generate interest than a shopping spree?</p><p>Similar to the 618 Shopping Carnival that is in full swing in China,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>(Amazon) is also holding its annual promotional binge (known as Amazon Prime Day) on Monday, June 21 and Tuesday, June 22. Last year, although most merchants such as Amazon had to postpone the promotion festival until October due to the impact of the epidemic, small and medium-sized enterprises on Amazon still achieved revenue of US $3.5 billion on Prime Day, a month-on-month increase of 60%.</p><p><b>However, this year Amazon once again faced a problem from<a href=\"https://laohu8.com/S/WMT\">Walmart</a>The challenge of.</b>After Amazon announced its promotion, Walmart also launched its \"2021 Deals for Days\" super promotion on the same day, which lasted from June 20th to 23rd, two days more than Amazon. A Wal-Mart spokesman said that during these four days, consumers can enjoy huge discounts on \"Black Friday\" on gardening, electronic products, household goods, toys, beauty cosmetics, fashion and other goods, whether in Wal-Mart official website or physical stores. It is reported that this year, Wal-Mart moved the \"Black Friday\" promotion, which will be held one day after Thanksgiving every year (that is, the fourth Friday in November every year), to June, and there will be no promotion activities in November.</p><p><img src=\"https://static.tigerbbs.com/1241bdcd5c343d678302482cd00eb2f4\" tg-width=\"554\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p><p>Amazon's competition with Walmart, the world's two largest retailers, is no stranger. In 2020, when Amazon's Prime Day event was held, Walmart launched a five-day \"Big Save\" promotion. In December 2020, Walmart also launched a membership service called \"Walmart +\", which is very similar to the service of Amazon Prime membership.</p><p>According to the US<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Research reports released by banks,<b>Amazon on track to overtake Walmart as the largest U.S. retailer in 2022</b>。 Analysts said that Amazon has \"the fastest growth in scale\" in the retail sector in the United States. Although neither company announces total merchandise transactions in quarterly results, it is estimated that Amazon's total merchandise transactions are growing faster than Walmart's.</p><p>Amazon's total merchandise transactions in 2020 increased 41% month-over-month to $316 billion, while Walmart's total merchandise transactions in 2020 increased 10% month-over-month to $439 billion, analysts said. Although Amazon's current total transaction volume is lower than Walmart's, according to the current growth rate, Amazon is expected to surpass Walmart in 2022.</p><p>Although Amazon is full of momentum, the future pattern of American retail industry needs to be analyzed from more specific aspects.</p><p><b>Amazon vs Walmart, comprehensive comparative analysis</b></p><p><b>Offline physical sales</b></p><p>As far as offline physical retail business is concerned, Wal-Mart has long had an advantage. With more than 4,700 stores in the United States, Wal-Mart has long become a habitual place for Americans to spend money. It is estimated that 90% of Americans live less than 10 miles from Wal-Mart stores.</p><p>At the same time, Amazon's physical retail business is making great strides. In 2020, Amazon expanded its offline business. In addition to opening more than 500 Whole Foods stores, Amazon also opened large-scale Amazon Fresh stores across the United States. At present, Amazon is operating 11 Wal-Mart stores, and 28 others are under construction, but Amazon has not made any further statements about the future planning.</p><p>Looking at the offline business, Walmart dominates the brick-and-mortar space with its ubiquitous stores, and despite Amazon's rapid growth, it still has a long way to go.</p><p><b>E-commerce Growth and Network Services</b></p><p>COVID-19 pandemic has put all stores on the fast track of digital growth, and Wal-Mart and Amazon are no exception. In fiscal year 2021 (i.e. February 1, 2020 to January 31, 2021), Walmart's e-commerce business grew by 79%. Amazon accounts for 40% of all e-commerce sales in the United States, and this number is still growing.</p><p>Wal-Mart's new app and new store design incorporate customers' mobile phones into shopping, blurring the boundary between offline shopping and online shopping. In 2020, Walmart launched a \"Walmart +\" membership equivalent to Amazon Prime membership, which includes various preferential services such as free shipping services, Scan and Go in-store shopping services, and gasoline discounts. In the five months of its launch, Walmart gained approximately 8 million users.</p><p>From Amazon's perspective, in addition to online shopping, Amazon has also achieved great success in the Prime streaming video business. In 2020, the number of users of this business has exceeded 175 million, and the streaming time has increased by more than 70% year-on-year. Separately, Amazon Web Services is now the company's darling, bringing Amazon $13.5 billion in profits in 2020.</p><p><img src=\"https://static.tigerbbs.com/13e3302325a7ad4e8318dd70c151fe43\" tg-width=\"554\" tg-height=\"333\" referrerpolicy=\"no-referrer\"></p><p>In terms of online business, the winner is undoubtedly Amazon, whose B2B and B2C businesses, as well as streaming media, have grown to become the industry leader.</p><p><b>Innovation and development</b></p><p>Both Amazon and Walmart are at the forefront of innovation.</p><p>On the Amazon side, in the last year alone, Amazon announced innovative services such as face payments, FAA-approved drone deliveries, and even created hair salons-all during the COVID-19 pandemic epidemic.</p><p>Amazon has also continued to expand into new areas, such as increasing drug supply and strengthening its smart home devices. In May of this year, Amazon announced the acquisition of MGM Studios for $8.45 billion to expand its commercial territory.</p><p>In addition, Amazon has always been a leader in innovative technology and automation in the industry. In 2021, Amazon will invest US $40 million to build a new storage site and will first open a 350,000-square-foot (approximately 32,516.064 square meters) storage site in Massachusetts<a href=\"https://laohu8.com/S/300024\">Robot</a>Autonomous transportation center, which aims to expand the use of robots in the supply chain.</p><p>Walmart is also constantly innovating in areas such as order fulfillment and customer experience. In 2020, Walmart launched Alphabot, a platform that can pick up, pack, and send online orders faster and more accurately than humans.</p><p>In addition, Wal-Mart is also redesigning 1,000 stores, which is expected to create a leaner and faster shopping experience for customers by the end of 2021. It is reported that the new design adds a more recognizable logo for customers, while the upgraded App function can point out the exact location of each item for customers.</p><p>In terms of innovation, Amazon is clearly superior. Amazon has revolutionized the retail field with its innovative products and services, as well as leading robotics and artificial intelligence technologies, and has thus become a leading enterprise in the industry.</p><p><b>Wal-Mart \"Copy Homework\": Last Mile Chase Battle</b></p><p>As mentioned above, Wal-Mart's general advantage lies in offline services, while Amazon's advantage lies online. In order to compete with Amazon, Walmart is trying to learn from Amazon's practice and build its own \"last mile\" independent delivery service.</p><p>Reuters said that establishing an independent distribution business is one of Wal-Mart's measures to narrow the sales gap with Amazon's e-commerce. Previously, Amazon had recruited a large number of small businesses to provide delivery services in vans printed with the company's logo, in order to control customer waiting times and costs.</p><p>Since the pandemic hit the U.S. market last year, the U.S<a href=\"https://laohu8.com/S/UPS\">United Parcel</a>Shipping service company UPS,<a href=\"https://laohu8.com/S/FDX\">FedEx</a>Companies FedEx and the U.S. Postal Service USPS have been saturated with shipping packages, and shipping costs have soared, forcing major companies to seek new ways to deliver express delivery while controlling soaring express delivery costs.</p><p>John, CEO of Walmart USA<a href=\"https://laohu8.com/S/FONR\">Forner</a>(John Furner) said on the company's earnings call that Walmart is already piloting its first \"last mile\" delivery van to deliver packages from Walmart stores or distribution centers to customers' homes.</p><p>Wal-Mart spokeswoman Camille Dunn said that since January, fleets of minivans have been deployed in Bentonville, Arkansas, near Wal-Mart headquarters and<a href=\"https://laohu8.com/S/ROG\">Rogers</a>(Rogers) area to deliver packages.</p><p>Cathy Morrow Roberson, founder of Logistics Trends & Insights, a global logistics market research firm, said: \"They [referring to Walmart] built a freight network, and I can't say they took customers away from Amazon, but keeping the parcel delivery business in-house can really give an advantage.\"</p><p>According to the analysis of Motley Fool, a well-known American investment media, Wal-Mart has certain advantages in distribution: Wal-Mart has its own independent stores and distribution centers, which means that it has a store network to complete online orders and a logistics network to supply these stores, so Wal-Mart doesn't need to spend time on goods and storage space.</p><p>In addition, a large part of Wal-Mart's sales still come from in-store customers, who have developed shopping habits over the years. Therefore, Wal-Mart's strong comprehensive sales service can retain \"repeat customers\" and ensure sufficient passenger flow.</p><p><b>Amazon's \"ambition\": the establishment of a global market</b></p><p>Although Wal-Mart is trying to secure its advantage in the retail market by establishing the \"last mile\", Amazon seems to have set its sights on the broader global market.</p><p><img src=\"https://static.tigerbbs.com/085032a356457297052d97fce19a954b\" tg-width=\"554\" tg-height=\"279\" referrerpolicy=\"no-referrer\"></p><p>Taking Amazon Prime membership as an example, eMarketer, a subsidiary of digital research firm Insider Intelligence, estimates that its users are growing faster outside the United States than in the United States. This could be because Prime membership is nearing saturation in the U.S. market (about 65% of U.S. households already became Prime members in 2021, according to eMarketer), while in other countries, Amazon may be just getting started with plenty of room to grow.</p><p>According to official data, in 2019, the number of new registrations for Amazon Prime Day reached an all-time high, and the registration rate outside the United States is getting higher and higher, which has boosted Amazon's international sales. On Prime Day 2021, 20 countries will participate, including China, Mexico, Japan, Italy, Turkey, Saudi Arabia and many others.</p><p>The benefits Amazon offers through Prime vary by country. Food is the main attraction in the UK and parts of Europe, while in emerging markets Prim has video streaming as its main attraction. Dave Fildes, head of investor relations at Amazon, said on the earnings conference call in April: \"In Brazil, for example, users first accept video subscription services, and then focus on other aspects such as shopping to become broader Prime members. This is a way to get new customers in touch with Amazon.\"</p><p>Fields also noted that users are more likely to sign up for a Prime membership after a 30-day free trial if they use streaming to watch videos. Once registered, it is likely that you will spend money on Amazon within the membership time, thus realizing the expansion of Amazon's global market.</p><p>In contrast, the prospect of Wal-Mart's global market is uncertain-in early 2018, Wal-Mart temporarily abandoned its slow-growing and struggling international business in favor of faster-growing e-commerce business. However, since then, Walmart has gradually reshaped its international business, acquiring Indian e-commerce start-up Flipkart for $16 billion, and investing in e-commerce businesses in Canada and Mexico.</p><p>From January to March 2021, Walmart International announced that its revenue fell by 8.3% to $27.3 billion due to \"negative impacts from government-imposed restrictions in certain markets (under the COVID-19 pandemic)\". However, due to the strong support of international e-commerce business, its market still maintained a growth rate of 5.1%.</p><p>In this chase, the \"king of American retail\"<a href=\"https://laohu8.com/S/5HT.SI\">Crown</a>Whose house will it fall into? Let's wait and see.</p><p><b><i>Article translated from:</i></b></p><p><i>By Cortney Moore, Walmart's' Deals for Days' event starts<a href=\"https://laohu8.com/S/AONE\">one</a>day ahead of Prime Day, FOX Business, https://www.foxbusiness.com/lifestyle/walmart-deals-days-amazon-prime</i></p><p><i>Blake Morgan, Who Wins The Battle Of Walmart Vs. Amazon?, Forbes,</i></p><p><i>https://www.forbes.com/sites/blakemorgan/2021/06/14/who-wins-the-battle-of-walmart-vs-amazon/? sh = 2537584a5ba7</i></p><p><i>Lisa Baertlein, Echoing Amazon: Walmart, Target try local package delivery, Reuters,</i></p><p><i>https://www.reuters.com/business/retail-consumer/echoing-amazon-walmart-target-try-local-package-delivery-2021-05-19/</i></p><p><i>Marc Bain, Amazon Prime has signed up most of America-now it wants the rest of the world, Quartz, https://qz.com/2018881/amazon-prime-day-prime-is-how-amazon-expands-around-the-world/</i></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/mI3jXunxtG2NsNaraEXy1Q\">霞光社 </a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1277c588f730effea40429d55740af79","relate_stocks":{"WMT":"沃尔玛","AMZN":"亚马逊"},"source_url":"https://mp.weixin.qq.com/s/mI3jXunxtG2NsNaraEXy1Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158994165","content_text":"夏日到来，还有什么比疯狂购物更能引起人们的兴趣呢？\n与中国进行得如火如荼的618购物狂欢节类似，亚马逊（Amazon）也于6月21日（周一）和6月22日（周二）举行一年一度的促销狂欢活动（即Amazon Prime Day）。去年，虽然受到疫情影响，亚马逊等大多数商家不得不将促销节推迟到十月份，但亚马逊上的小中型企业依旧在Prime Day中创下了35亿美元的收入，环比增长60%。\n然而，今年亚马逊再一次面临了来自沃尔玛的挑战。在亚马逊宣布其促销活动后，沃尔玛也在同一天推出了“2021年特惠日”（2021 Deals for Days）的超级促销活动，活动从6月20日持续到23日，比亚马逊还更多两天。沃尔玛发言人称，在这四天时间内，无论是在沃尔玛官网还是在实体店，消费者都可以在园艺、电子产品、家居用品、玩具、美妆、时装等各类商品上享受“黑色星期五”时才能享受的巨大折扣。据悉，今年沃尔玛把每年感恩节后一天（即每年11月的第四个星期五）才会举行的“黑色星期五”大促销移动至6月，而11月将不再举行大促活动。\n\n亚马逊与沃尔玛这两家全球最大零售商的竞争并不让人陌生。2020年，亚马逊的Prime Day活动举办时，沃尔玛则推出了为期五天的“巨省钱”（Big Save）促销活动。2020年12月，沃尔玛还推出了一项名为“沃尔玛+”（Walmart +）的会员服务，与亚马逊Prime会员的服务十分类似。\n据美国摩根大通银行发布的研究报告，亚马逊有望在2022年取代沃尔玛成为美国最大的零售商。分析师表示，亚马逊在美国的零售业领域“规模增长最快”，虽然两家均未在季度业绩中公布商品交易总额，但据估计，亚马逊的商品交易总额增长速度快于沃尔玛。\n分析师称，亚马逊2020年的商品交易总额环比增长41%，达到3160亿美元，而沃尔玛2020年的商品交易总额环比增长10%，达到4390亿美元。虽然目前亚马逊的交易总额低于沃尔玛，但按照目前的增速预计，2022年，亚马逊有望超越沃尔玛。\n虽然亚马逊冲劲满满，但美国零售业未来格局如何，还需从更具体方面分析。\n亚马逊vs沃尔玛，全方位对比解析\n线下实体销售\n就线下的实体零售业务而言，沃尔玛长期占据优势。沃尔玛在美国拥有4700多家门店，长久以来已经成为了美国人习惯消费的场所，据估计90%的美国人都住在距离沃尔玛门店不到10英里的地方。\n而同时，亚马逊的实体零售业务正在大步前进。2020年，亚马逊扩大了自己的线下业务，除了开设Whole Foods的500多家门店外，亚马逊还在美国各地开设了大规模的亚马逊生鲜（Amazon Fresh）店。目前，亚马逊在运营11家沃尔玛门店，还有28家正在筹建中，但对于未来的规划，亚马逊没有更进一步的表示。\n从线下业务来看，沃尔玛以其无处不在的门店在实体店领域占据主导地位，尽管亚马逊发展迅速，但仍有很长的路要走。\n电商增长与网络服务\n新冠疫情使得所有商店都进入了数字化增长的快速轨道，沃尔玛和亚马逊均不例外。在2021财年（即2020年2月1日到2021年1月31日），沃尔玛的电商业务增长了79%。而亚马逊则占据了美国所有电商销售额的40%，而且这一数字还在不断增长。\n沃尔玛的新版应用以及新的门店设计将顾客的手机纳入到购物中，模糊了线下购物和网上购物之间的界限。2020年，沃尔玛推出了相当于Amazon Prime会员的“沃尔玛+” （Walmart +）会员，囊括了免费的送货服务、Scan and Go店内购物服务和汽油折扣等各项优惠服务，在其推出的五个月里，沃尔玛收获了大约800万用户。\n而从亚马逊来看，除了线上购物外，亚马逊还在Prime流媒体视频业务上取得了巨大成功，2020年，该业务的用户已超过1.75亿，流媒体时长同比增长了70%以上。另外，网络服务（Amazon Web Services）如今已成为该公司的宠儿，在2020年为亚马逊带来了135亿美元的利润。\n\n在线上业务方面，赢家无疑是亚马逊，它的B2B和B2C业务，以及流媒体都增长成为了行业的领头羊。\n创新发展\n亚马逊和沃尔玛都走在创新的前沿。\n亚马逊方面，仅在去年，亚马逊就宣布了人脸支付、美国联邦航空局批准的无人机送货等创新服务，甚至还创建了美发沙龙——而所有这些都发生在新冠疫情流行期间。\n亚马逊还继续扩展到了新的领域，比如增加药品供应和加强其智能家居设备等。今年5月，亚马逊宣布以84.5亿美元收购米高梅电影公司，以扩展其商业版图。\n此外，亚马逊也一直是行业创新技术和自动化的领导者。2021年，亚马逊投资4000万美元建设新型仓储地，并将首先在马萨诸塞州开设一个35万平方英尺（约合32516.064平方米）的机器人自动运输中心，旨在扩大机器人在供应链中的使用。\n沃尔玛也在订单执行和客户体验等方面不断创新。2020年，沃尔玛推出了Alphabot，该平台可以比人类更快、更准确地提取、打包和发送在线订单。\n此外，沃尔玛还在重新设计1000家门店，预计到2021年底将为顾客创造更精简、更迅捷的购物体验。据悉，新设计为顾客增加了更容易识别的标识，而升级后的App功能则能为顾客指出每件商品的确切位置。\n在创新方面，亚马逊显然更胜一筹。亚马逊以其创新的产品和服务，以及领先的机器人和人工智能技术革新了零售领域，也因此成为了行业中的头部企业。\n沃尔玛“抄作业”：最后一英里追逐战\n正如上文所述，沃尔玛的普遍优势在于线下服务，而亚马逊的优势则在于线上。为了与亚马逊形成抗衡之势，沃尔玛正在尝试借鉴亚马逊的做法，自己建立“最后一英里”（last mile）的独立配送服务。\n路透社称，建立独立配送业务是沃尔玛缩小与亚马逊电商销售差距的举措之一。此前，亚马逊已经招募了大批小企业，用印有该公司标志的货车提供送货服务，以期控制客户的等待时间和成本。\n自去年疫情袭击美国市场以来，美国联合包裹运送服务公司UPS、联邦快递公司FedEx和美国邮政总局USPS一直处于运送包裹的饱和状态，运送费用飙升，迫使各大企业在控制不断飙升的快递成本的同时，寻求新的方式递送快递。\n沃尔玛美国首席执行官约翰•福纳（John Furner）在公司业绩电话会议上表示，沃尔玛已在试用其首款 “最后一英里”送货车，将包裹从沃尔玛门店或配送中心送至顾客家中。\n沃尔玛发言人卡米尔•邓恩（Camille Dunn）说，自今年1月份以来，已有小型货车车队在阿肯色州沃尔玛总部附近的本顿维尔（Bentonville）和罗杰斯（Rogers）地区运送包裹。\n全球物流市场研究公司Logistics Trends & Insights的创始人凯西•莫罗•罗伯森（Cathy Morrow Roberson）表示:“他们（指沃尔玛）建立了一个货运网络，我不能说他们把顾客从亚马逊那里抢走了，但将包裹递送业务保留在内部确实可以带来优势。”\n美国知名投资媒体Motley Fool分析，沃尔玛在配送上具有一定优势：沃尔玛拥有自己独立的门店和配送中心，这意味着它拥有完成在线订单的商店网络和为这些商店供货的物流网络，这样沃尔玛就无需再在商品与仓储空间上花费心思。\n此外，沃尔玛的很大部分销售额仍然来自店内顾客，多年来顾客已经养成了购物习惯，因此，沃尔玛强大的综合性售卖服务能够留住“回头客”，确保足够的客流。\n亚马逊的“野望”：全球市场的建立\n虽然沃尔玛试图通过建立“最后一英里”以确保自己在零售市场的优势，不过，亚马逊似乎将眼光放在了更加广阔的全球市场上。\n\n以亚马逊Prime会员为例，数字研究公司Insider Intelligence的子公司eMarketer估计，其用户在美国以外地区的增长速度要快于美国本土。这可能是因为Prime会员在美国市场已经接近饱和（根据eMarketer的数据，2021年已经约有65%的美国家庭成为Prime会员），而在其他国家，亚马逊可能只是刚刚起步，拥有足够的增长空间。\n据官方资料，2019年，亚马逊Prime Day的新注册用户达到历史最高，并且美国以外的地区注册率越来越高，这对于亚马逊国际销售产生了推动作用。而2021年的Prime Day，则将有20个国家参加，包括中国、墨西哥、日本、意大利、土耳其、沙特阿拉伯和许多其他国家。\n亚马逊通过Prime提供的福利因国家而异。在英国和欧洲部分地区，食品是主要的吸引力，而在新兴市场中， Prim则以视频流媒体作为主要吸引力。亚马逊的投资者关系主管戴夫•菲尔德斯（Dave Fildes）在4月份的业绩电话会议上说：“比如在巴西，用户首先接受视频订阅服务，然后关注到其他比如购物方面，成为更广泛的Prime会员。这是一种让新客户接触亚马逊的方式。”\n菲尔德斯还指出，如果用户使用流媒体观看视频，那么在30天免费试用后，用户就更有可能注册Prime会员。而一旦注册，则很可能会在会员时间内在亚马逊上消费，由此实现亚马逊的全球市场的扩张。\n而相比之下，沃尔玛的全球市场则前景不明——2018年初，沃尔玛暂时放弃了增长缓慢和举步维艰的国际业务，转而寻求增长更快的电商业务。不过，此后，沃尔玛逐渐重塑其国际业务，以160亿美元收购印度电子商务初创企业Flipkart，并投资了加拿大和墨西哥的电商业务。\n2021年1月到3月，沃尔玛国际（Walmart International）公布其收入因“受到了（新冠疫情下）某些市场政府强制限制的负面影响”下降了8.3%，下降至了273亿美元。不过，因为国际电商业务的强劲助力，其市场仍保持了5.1%的增长。\n在这场追逐战中，“美国零售之王”的皇冠会落入谁家？让我们拭目以待。\n文章翻译自：\nBy Cortney Moore, Walmart's 'Deals for Days' event starts one day ahead of Prime Day, FOX Business, https://www.foxbusiness.com/lifestyle/walmart-deals-days-amazon-prime\nBlake Morgan, Who Wins The Battle Of Walmart Vs. Amazon?, Forbes,\nhttps://www.forbes.com/sites/blakemorgan/2021/06/14/who-wins-the-battle-of-walmart-vs-amazon/?sh=2537584a5ba7\nLisa Baertlein, Echoing Amazon: Walmart, Target try local package delivery, Reuters,\nhttps://www.reuters.com/business/retail-consumer/echoing-amazon-walmart-target-try-local-package-delivery-2021-05-19/\nMarc Bain, Amazon Prime has signed up most of America—now it wants the rest of the world, Quartz, https://qz.com/2018881/amazon-prime-day-prime-is-how-amazon-expands-around-the-world/","news_type":1,"symbols_score_info":{"AMZN":0.9,"WMT":0.9}},"isVote":1,"tweetType":1,"viewCount":1724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167685097,"gmtCreate":1624265412719,"gmtModify":1703831924585,"author":{"id":"3577705130761729","authorId":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577705130761729","authorIdStr":"3577705130761729"},"themes":[],"htmlText":"buy？","listText":"buy？","text":"buy？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167685097","repostId":"1196205425","repostType":4,"isVote":1,"tweetType":1,"viewCount":1525,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}