花眠
02-12
恒科也是个草台班子，颠一颠
@迷鹿小仙女：
恒生科技半年塌陷图鉴：七个“背锅侠”与一个孤勇者
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href=\"https://laohu8.com/S/TCEHY\">$腾讯控股ADR(TCEHY)$</a></p><p>作为恒指大哥，这半年更像“精神股东”<br>AI节奏慢半拍<br>市场耐心少半条命</p><p>被字节工具压着打<br>像班长突然发现转学生才是全校第一</p><h4 id=\"id_3907564980\">第三责任人——阿里巴巴</h4><p>有AI，有云，有技术储备 <a data-mention-id=\"09988\" class=\"teditor-mention\" data-mention-name=\"阿里巴巴-W\" href=\"https://laohu8.com/S/09988\">$阿里巴巴-W(09988)$</a> <a data-mention-id=\"BABA\" class=\"teditor-mention\" data-mention-name=\"阿里巴巴\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> <a data-mention-id=\"89988\" class=\"teditor-mention\" data-mention-name=\"阿里巴巴-WR\" href=\"https://laohu8.com/S/89988\">$阿里巴巴-WR(89988)$</a></p><p>然后去打外卖</p><p>补贴大战一开<br>美团跌，自己也跌</p><p>一个业务没赢<br>两个权重受伤<br>指数跟着流血</p><p>这波操作，叫“伤敌一千，自损八百，再拖累指数两百”</p><h4 id=\"id_1636819938\">第四责任人——小米</h4><p>口碑崩坏，一天一个鬼故事 <a data-mention-id=\"XIACY\" class=\"teditor-mention\" data-mention-name=\"小米集团ADR\" href=\"https://laohu8.com/S/XIACY\">$小米集团ADR(XIACY)$</a> <a data-mention-id=\"01810\" class=\"teditor-mention\" data-mention-name=\"小米集团-W\" href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a></p><p>三天一小雷，五天一大雷</p><p>股价的走势基本是：</p><p>俯冲 → 反弹一点 → 再俯冲</p><p>投资人：我以为我在坐顺风车</p><p>结果发现是蹦极</p><h4 id=\"id_1107256617\">第五责任人——新能源车四傻</h4><p>行业关键词：内卷 <a data-mention-id=\"NIO\" class=\"teditor-mention\" data-mention-name=\"蔚来\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> <a data-mention-id=\"09866\" class=\"teditor-mention\" data-mention-name=\"蔚来-SW\" href=\"https://laohu8.com/S/09866\">$蔚来-SW(09866)$</a> <a data-mention-id=\"NIO.SI\" class=\"teditor-mention\" data-mention-name=\"蔚来\" href=\"https://laohu8.com/S/NIO.SI\">$蔚来(NIO.SI)$</a> <a data-mention-id=\"09868\" class=\"teditor-mention\" data-mention-name=\"小鹏汽车-W\" href=\"https://laohu8.com/S/09868\">$小鹏汽车-W(09868)$</a> <a data-mention-id=\"XPEV\" class=\"teditor-mention\" data-mention-name=\"小鹏汽车\" href=\"https://laohu8.com/S/XPEV\">$小鹏汽车(XPEV)$</a> <a data-mention-id=\"LI\" class=\"teditor-mention\" data-mention-name=\"理想汽车\" href=\"https://laohu8.com/S/LI\">$理想汽车(LI)$</a> <a data-mention-id=\"02015\" class=\"teditor-mention\" data-mention-name=\"理想汽车-W\" href=\"https://laohu8.com/S/02015\">$理想汽车-W(02015)$</a></p><p>价格战打到利润只剩信仰 <a data-mention-id=\"09927\" class=\"teditor-mention\" data-mention-name=\"赛力斯\" href=\"https://laohu8.com/S/09927\">$赛力斯(09927)$</a> <a data-mention-id=\"601127\" class=\"teditor-mention\" data-mention-name=\"赛力斯\" href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$</a></p><p>曾经的高光板块，现在离顶部腰斩</p><p>梦想很丰满，现金流很骨感</p><h4 id=\"id_2989552157\">第六责任人——快手</h4><p>监管铁拳来得猝不及防 <a data-mention-id=\"01024\" class=\"teditor-mention\" data-mention-name=\"快手-W\" href=\"https://laohu8.com/S/01024\">$快手-W(01024)$</a> <a data-mention-id=\"81024\" class=\"teditor-mention\" data-mention-name=\"快手-WR\" href=\"https://laohu8.com/S/81024\">$快手-WR(81024)$</a></p><p>挨打的角度永远超出想象</p><p>平台经济的风险提示</p><p>黑天鹅可能是白色的，也可能是马赛克的</p><h4 id=\"id_1691496053\">第七责任人——携程</h4><p>反垄断调查 + 负面新闻 <a data-mention-id=\"TCOM\" class=\"teditor-mention\" data-mention-name=\"携程网\" href=\"https://laohu8.com/S/TCOM\">$携程网(TCOM)$</a> <a data-mention-id=\"09961\" class=\"teditor-mention\" data-mention-name=\"携程集团—S\" href=\"https://laohu8.com/S/09961\">$携程集团—S(09961)$</a></p><p>旅游旺季来了<br>股价没跟来<br>稳健选手被打成情绪股</p><p>地板价不是支撑位<br>是情绪位</p><h4 id=\"id_2202469852\">唯一亮点——百度</h4><p>恒科最后的脊梁 <a data-mention-id=\"BIDU\" class=\"teditor-mention\" data-mention-name=\"百度\" href=\"https://laohu8.com/S/BIDU\">$百度(BIDU)$</a> <a data-mention-id=\"09888\" class=\"teditor-mention\" data-mention-name=\"百度集团-SW\" href=\"https://laohu8.com/S/09888\">$百度集团-SW(09888)$</a> <a data-mention-id=\"89888\" class=\"teditor-mention\" data-mention-name=\"百度集团-SWR\" href=\"https://laohu8.com/S/89888\">$百度集团-SWR(89888)$</a></p><p>别人忙着内卷、烧钱、挨罚、讲故事</p><p>它在卷模型、卷技术、卷落地</p><p>度娘这么努力</p><p>她真的……</p><p>我哭了</p><blockquote><p>你觉得真正的“第一责任人”是谁？</p></blockquote><blockquote><p>恒科还能翻身吗？</p></blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d139b4cf0a5b670e56aaad03e85c3153\" tg-width=\"1178\" tg-height=\"1568\"></p></body></html>","htmlText":"<html><head></head><body><h4 id=\"id_2703157769\">第一责任人——字节跳动</h4><p>人家不上市，但阴影比市值还大</p><p>不在恒科里，却压着阿里、美团、快手、腾讯喘气</p><p>即梦2.0一出来，传统大厂的AI发布会都显得有点像PPT大赛</p><p>它不在指数里<br>但它在所有人的焦虑里</p><h4 id=\"id_413588562\">第二责任人——腾讯</h4><p>AI投入不积极，后发先至策略失效 <a data-mention-id=\"00700\" class=\"teditor-mention\" data-mention-name=\"腾讯控股\" href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a> <a data-mention-id=\"TCEHY\" class=\"teditor-mention\" data-mention-name=\"腾讯控股ADR\" href=\"https://laohu8.com/S/TCEHY\">$腾讯控股ADR(TCEHY)$</a></p><p>作为恒指大哥，这半年更像“精神股东”<br>AI节奏慢半拍<br>市场耐心少半条命</p><p>被字节工具压着打<br>像班长突然发现转学生才是全校第一</p><h4 id=\"id_3907564980\">第三责任人——阿里巴巴</h4><p>有AI，有云，有技术储备 <a data-mention-id=\"09988\" class=\"teditor-mention\" data-mention-name=\"阿里巴巴-W\" href=\"https://laohu8.com/S/09988\">$阿里巴巴-W(09988)$</a> <a data-mention-id=\"BABA\" class=\"teditor-mention\" data-mention-name=\"阿里巴巴\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> <a data-mention-id=\"89988\" class=\"teditor-mention\" data-mention-name=\"阿里巴巴-WR\" href=\"https://laohu8.com/S/89988\">$阿里巴巴-WR(89988)$</a></p><p>然后去打外卖</p><p>补贴大战一开<br>美团跌，自己也跌</p><p>一个业务没赢<br>两个权重受伤<br>指数跟着流血</p><p>这波操作，叫“伤敌一千，自损八百，再拖累指数两百”</p><h4 id=\"id_1636819938\">第四责任人——小米</h4><p>口碑崩坏，一天一个鬼故事 <a data-mention-id=\"XIACY\" class=\"teditor-mention\" data-mention-name=\"小米集团ADR\" href=\"https://laohu8.com/S/XIACY\">$小米集团ADR(XIACY)$</a> <a data-mention-id=\"01810\" class=\"teditor-mention\" data-mention-name=\"小米集团-W\" href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a></p><p>三天一小雷，五天一大雷</p><p>股价的走势基本是：</p><p>俯冲 → 反弹一点 → 再俯冲</p><p>投资人：我以为我在坐顺风车</p><p>结果发现是蹦极</p><h4 id=\"id_1107256617\">第五责任人——新能源车四傻</h4><p>行业关键词：内卷 <a data-mention-id=\"NIO\" class=\"teditor-mention\" data-mention-name=\"蔚来\" href=\"https://laohu8.com/S/NIO\">$蔚来(NIO)$</a> <a data-mention-id=\"09866\" class=\"teditor-mention\" data-mention-name=\"蔚来-SW\" href=\"https://laohu8.com/S/09866\">$蔚来-SW(09866)$</a> <a data-mention-id=\"NIO.SI\" class=\"teditor-mention\" data-mention-name=\"蔚来\" href=\"https://laohu8.com/S/NIO.SI\">$蔚来(NIO.SI)$</a> <a data-mention-id=\"09868\" class=\"teditor-mention\" data-mention-name=\"小鹏汽车-W\" href=\"https://laohu8.com/S/09868\">$小鹏汽车-W(09868)$</a> <a data-mention-id=\"XPEV\" class=\"teditor-mention\" data-mention-name=\"小鹏汽车\" href=\"https://laohu8.com/S/XPEV\">$小鹏汽车(XPEV)$</a> <a data-mention-id=\"LI\" class=\"teditor-mention\" data-mention-name=\"理想汽车\" href=\"https://laohu8.com/S/LI\">$理想汽车(LI)$</a> <a data-mention-id=\"02015\" class=\"teditor-mention\" data-mention-name=\"理想汽车-W\" href=\"https://laohu8.com/S/02015\">$理想汽车-W(02015)$</a></p><p>价格战打到利润只剩信仰 <a data-mention-id=\"09927\" class=\"teditor-mention\" data-mention-name=\"赛力斯\" href=\"https://laohu8.com/S/09927\">$赛力斯(09927)$</a> <a data-mention-id=\"601127\" class=\"teditor-mention\" data-mention-name=\"赛力斯\" href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$</a></p><p>曾经的高光板块，现在离顶部腰斩</p><p>梦想很丰满，现金流很骨感</p><h4 id=\"id_2989552157\">第六责任人——快手</h4><p>监管铁拳来得猝不及防 <a data-mention-id=\"01024\" class=\"teditor-mention\" data-mention-name=\"快手-W\" href=\"https://laohu8.com/S/01024\">$快手-W(01024)$</a> <a data-mention-id=\"81024\" class=\"teditor-mention\" data-mention-name=\"快手-WR\" href=\"https://laohu8.com/S/81024\">$快手-WR(81024)$</a></p><p>挨打的角度永远超出想象</p><p>平台经济的风险提示</p><p>黑天鹅可能是白色的，也可能是马赛克的</p><h4 id=\"id_1691496053\">第七责任人——携程</h4><p>反垄断调查 + 负面新闻 <a data-mention-id=\"TCOM\" class=\"teditor-mention\" data-mention-name=\"携程网\" href=\"https://laohu8.com/S/TCOM\">$携程网(TCOM)$</a> <a data-mention-id=\"09961\" class=\"teditor-mention\" data-mention-name=\"携程集团—S\" href=\"https://laohu8.com/S/09961\">$携程集团—S(09961)$</a></p><p>旅游旺季来了<br>股价没跟来<br>稳健选手被打成情绪股</p><p>地板价不是支撑位<br>是情绪位</p><h4 id=\"id_2202469852\">唯一亮点——百度</h4><p>恒科最后的脊梁 <a data-mention-id=\"BIDU\" class=\"teditor-mention\" data-mention-name=\"百度\" href=\"https://laohu8.com/S/BIDU\">$百度(BIDU)$</a> <a data-mention-id=\"09888\" class=\"teditor-mention\" data-mention-name=\"百度集团-SW\" href=\"https://laohu8.com/S/09888\">$百度集团-SW(09888)$</a> <a data-mention-id=\"89888\" class=\"teditor-mention\" data-mention-name=\"百度集团-SWR\" href=\"https://laohu8.com/S/89888\">$百度集团-SWR(89888)$</a></p><p>别人忙着内卷、烧钱、挨罚、讲故事</p><p>它在卷模型、卷技术、卷落地</p><p>度娘这么努力</p><p>她真的……</p><p>我哭了</p><blockquote><p>你觉得真正的“第一责任人”是谁？</p></blockquote><blockquote><p>恒科还能翻身吗？</p></blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d139b4cf0a5b670e56aaad03e85c3153\" tg-width=\"1178\" tg-height=\"1568\"></p></body></html>","text":"第一责任人——字节跳动 人家不上市，但阴影比市值还大 不在恒科里，却压着阿里、美团、快手、腾讯喘气 即梦2.0一出来，传统大厂的AI发布会都显得有点像PPT大赛 它不在指数里 但它在所有人的焦虑里 第二责任人——腾讯 AI投入不积极，后发先至策略失效 $腾讯控股(00700)$ $腾讯控股ADR(TCEHY)$ 作为恒指大哥，这半年更像“精神股东” AI节奏慢半拍 市场耐心少半条命 被字节工具压着打 像班长突然发现转学生才是全校第一 第三责任人——阿里巴巴 有AI，有云，有技术储备 $阿里巴巴-W(09988)$ $阿里巴巴(BABA)$ $阿里巴巴-WR(89988)$ 然后去打外卖 补贴大战一开 美团跌，自己也跌 一个业务没赢 两个权重受伤 指数跟着流血 这波操作，叫“伤敌一千，自损八百，再拖累指数两百” 第四责任人——小米 口碑崩坏，一天一个鬼故事 $小米集团ADR(XIACY)$ $小米集团-W(01810)$ 三天一小雷，五天一大雷 股价的走势基本是： 俯冲 → 反弹一点 → 再俯冲 投资人：我以为我在坐顺风车 结果发现是蹦极 第五责任人——新能源车四傻 行业关键词：内卷 $蔚来(NIO)$ $蔚来-SW(09866)$ $蔚来(NIO.SI)$ $小鹏汽车-W(09868)$ $小鹏汽车(XPEV)$ $理想汽车(LI)$ $理想汽车-W(02015)$ 价格战打到利润只剩信仰 $赛力斯(09927)$ $赛力斯(601127)$ 曾经的高光板块，现在离顶部腰斩 梦想很丰满，现金流很骨感 第六责任人——快手 监管铁拳来得猝不及防 $快手-W(01024)$ $快手-WR(81024)$ 挨打的角度永远超出想象 平台经济的风险提示 黑天鹅可能是白色的，也可能是马赛克的 第七责任人——携程 反垄断调查 + 负面新闻 $携程网(TCOM)$ $携程集团—S(09961)$ 旅游旺季来了 股价没跟来 稳健选手被打成情绪股 地板价不是支撑位 是情绪位 唯一亮点——百度 恒科最后的脊梁 $百度(BIDU)$ $百度集团-SW(09888)$ $百度集团-SWR(89888)$ 别人忙着内卷、烧钱、挨罚、讲故事 它在卷模型、卷技术、卷落地 度娘这么努力 她真的…… 我哭了 你觉得真正的“第一责任人”是谁？ 恒科还能翻身吗？","highlighted":2,"essential":2,"paper":2,"link":"https://laohu8.com/post/531544074256480","repostId":0,"isVote":1,"tweetType":1,"commentLimit":10,"symbols":["XPEV","BABA","BIDU","02015","09927","01024","TCOM","NIO.SI","00700","01810","09868","09988","09866","09888","NIO","81024","09961","89988","TCEHY","89888","LI","XIACY","601127"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":true,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1484,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"isVote":1,"tweetType":1,"viewCount":111,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":25,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/531827915239888"}
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