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12-29 20:19

假戏，真扶持国产是真

官员与阿里巴巴、字节跳动和腾讯代表召开系列会议，要求他们评估H200的需求

11-18

Replying to @狩兽:好企业不就是这样吗？独守一方的企业，很容易就被颠覆式创新给颠没了//@狩兽:阿里是看什么都赚钱，什么都想搞。

11-18

Replying to @狩兽:好企业不就是这样吗？独守一方的企业，很容易就被颠覆式创新给颠没了//@狩兽:阿里是看什么都赚钱，什么都想搞。

11-14

真的，而且你不觉得卖压是来自对冲基金无差别减持避险吗？

11-14

$阿里巴巴(BABA)$ 这波的利好被美流动性带下去错压，绝好的上车机会。

11-12

$阿里巴巴(BABA)$ 不把小散洗出去，机构怎么能有机会加仓国内的AI龙一龙二[可爱]

10-14

$阿里巴巴(BABA)$ 关税这一波影响到阿里，大部分是情绪：美中贸易现在不超过10%，影响微乎其微，要替代美产产品不要太容易；对于云计算和芯片业务，让某些打算购买进口卡的公司看清现实，反而是正影响baba；

10-11

$阿里巴巴(BABA)$ 大幅加仓好时机。Ai和芯片业务去漂亮国化是利多，电商业务会受影响但漂亮国贸易不超过15%，有大把市场例如欧盟产品可以替代。所以是黄金坑

10-10

当然是加仓好机会，AI+工业制造+芯片，只买不卖，300以上见

09-12

必然看好阿里啊，达子市值都多大了，还有多少成长性？阿里量产以后你觉得天朝还可能再用米国货吗？？

09-12

当然看好阿里啊，达子市值都多大了，还有多少成长性？阿里量产以后你觉得天朝还可能再用米国货吗？？

08-27

阿里是国内top级的AI公司啊

08-21

$阿里巴巴-W(09988)$

08-19

Dalio都看错了多少回了，而且成天喊美要崩盘，推销他的对冲基金。

08-19

Dalio都看错了多少回了，而且成天喊美要崩盘，推销他的对冲基金。

08-15

$京东集团-SW(09618)$ 看不懂国家坚定做消费内循环大战略的人请尽快下车

08-14

$京东(JD)$ 股息率都3%以上，股价性价比超高，还要啥自行车

08-12

$黄金/美元(XAUUSD.FOREX)$ 货币都烂发到什么程度了

08-12

为脱钩继续行动

美国大型养老基金清仓阿里巴巴，转投量子计算股 D-Wave、Rigetti、IonQ

08-06

阿里现在是AI公司，别老拿旧眼光去看

淘宝即将上线大会员体系，将打通饿了么飞猪盒马等资源

去老虎APP查看更多动态

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18:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>官员与阿里巴巴、字节跳动和腾讯的代表召开了一系列会议，要求他们评估H200的需求。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU0049112450.USD":"FIDELITY PACIFIC \"A\" INC","LU0557290698.USD":"施罗德环球可持续增长基金","SG9999002463.SGD":"LionGlobal China Growth SGD","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) ACC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","LU0633140727.USD":"AB EMERGING MARKETS MULTI ASSET PORTFOLIO \"AD\" (USD) INC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","HBBD.SI":"Alibaba HK SDR 5to1","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU1791710582.SGD":"Fidelity Global Demographics 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to <a href=\"https://laohu8.com/U/3584392559633232\">@狩兽</a>:好企业不就是这样吗？独守一方的企业，很容易就被颠覆式创新给颠没了//<a href=\"https://laohu8.com/U/3584392559633232\">@狩兽</a>:阿里是看什么都赚钱，什么都想搞。","listText":"Replying to <a href=\"https://laohu8.com/U/3584392559633232\">@狩兽</a>:好企业不就是这样吗？独守一方的企业，很容易就被颠覆式创新给颠没了//<a href=\"https://laohu8.com/U/3584392559633232\">@狩兽</a>:阿里是看什么都赚钱，什么都想搞。","text":"Replying to @狩兽:好企业不就是这样吗？独守一方的企业，很容易就被颠覆式创新给颠没了//@狩兽:阿里是看什么都赚钱，什么都想搞。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/501211610288232","isVote":1,"tweetType":1,"viewCount":958,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000701","authorId":"9000000000000701","name":"AthenaVeblen","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000701","idStr":"9000000000000701"},"content":"专注才能持续创新，四面出击反而容易失焦。","text":"专注才能持续创新，四面出击反而容易失焦。","html":"专注才能持续创新，四面出击反而容易失焦。"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":501210244874240,"gmtCreate":1763395715439,"gmtModify":1763395718689,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3493041815189173","idStr":"3493041815189173"},"themes":[],"htmlText":"Replying to <a href=\"https://laohu8.com/U/3584392559633232\">@狩兽</a>:好企业不就是这样吗？独守一方的企业，很容易就被颠覆式创新给颠没了//<a href=\"https://laohu8.com/U/3584392559633232\">@狩兽</a>:阿里是看什么都赚钱，什么都想搞。","listText":"Replying to <a href=\"https://laohu8.com/U/3584392559633232\">@狩兽</a>:好企业不就是这样吗？独守一方的企业，很容易就被颠覆式创新给颠没了//<a href=\"https://laohu8.com/U/3584392559633232\">@狩兽</a>:阿里是看什么都赚钱，什么都想搞。","text":"Replying to @狩兽:好企业不就是这样吗？独守一方的企业，很容易就被颠覆式创新给颠没了//@狩兽:阿里是看什么都赚钱，什么都想搞。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/501210244874240","isVote":1,"tweetType":1,"viewCount":919,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3479274804420578","authorId":"3479274804420578","name":"Xiia","avatar":"https://static.laohu8.com/picture162","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3479274804420578","idStr":"3479274804420578"},"content":"阿里的多元化确实风险高，但也能分散危机。","text":"阿里的多元化确实风险高，但也能分散危机。","html":"阿里的多元化确实风险高，但也能分散危机。"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":500055263453952,"gmtCreate":1763124437648,"gmtModify":1763124440520,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3493041815189173","idStr":"3493041815189173"},"themes":[],"htmlText":"真的，而且你不觉得卖压是来自对冲基金无差别减持避险吗？","listText":"真的，而且你不觉得卖压是来自对冲基金无差别减持避险吗？","text":"真的，而且你不觉得卖压是来自对冲基金无差别减持避险吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/500055263453952","isVote":1,"tweetType":1,"viewCount":749,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000492","authorId":"9000000000000492","name":"MariaEvelina","avatar":"https://static.tigerbbs.com/ab2e41cdae0874685e31490cd9c2b407","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000492","idStr":"9000000000000492"},"content":"对冲砸盘又不是第一次，韭菜别慌！","text":"对冲砸盘又不是第一次，韭菜别慌！","html":"对冲砸盘又不是第一次，韭菜别慌！"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":500095730705072,"gmtCreate":1763119293067,"gmtModify":1763119294642,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3493041815189173","idStr":"3493041815189173"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a><v-v data-views=\"1\"></v-v> 这波的利好被美流动性带下去错压，绝好的上车机会。","listText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a><v-v data-views=\"1\"></v-v> 这波的利好被美流动性带下去错压，绝好的上车机会。","text":"$阿里巴巴(BABA)$ 这波的利好被美流动性带下去错压，绝好的上车机会。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/500095730705072","isVote":1,"tweetType":1,"viewCount":891,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":499117447783184,"gmtCreate":1762879806889,"gmtModify":1762879808620,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3493041815189173","idStr":"3493041815189173"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a> 不把小散洗出去，机构怎么能有机会加仓国内的AI龙一龙二[可爱]&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a> 不把小散洗出去，机构怎么能有机会加仓国内的AI龙一龙二[可爱]&nbsp;&nbsp;","text":"$阿里巴巴(BABA)$ 不把小散洗出去，机构怎么能有机会加仓国内的AI龙一龙二[可爱]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/499117447783184","isVote":1,"tweetType":1,"viewCount":1593,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3519104676971503","authorId":"3519104676971503","name":"逃离A股啊哈","avatar":"https://static.tigerbbs.com/4cb0f76320cc94a64a1ac39a740900eb","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3519104676971503","idStr":"3519104676971503"},"content":"狗头差不多，还龙头[捂脸]","text":"狗头差不多，还龙头[捂脸]","html":"狗头差不多，还龙头[捂脸]"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":489154194670296,"gmtCreate":1760449690788,"gmtModify":1760450042184,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3493041815189173","idStr":"3493041815189173"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a><v-v data-views=\"1\"></v-v> 关税这一波影响到阿里，大部分是情绪：美中贸易现在不超过10%，影响微乎其微，要替代美产产品不要太容易；对于云计算和芯片业务，让某些打算购买进口卡的公司看清现实，反而是正影响baba；","listText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a><v-v data-views=\"1\"></v-v> 关税这一波影响到阿里，大部分是情绪：美中贸易现在不超过10%，影响微乎其微，要替代美产产品不要太容易；对于云计算和芯片业务，让某些打算购买进口卡的公司看清现实，反而是正影响baba；","text":"$阿里巴巴(BABA)$ 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08:04","market":"us","language":"zh","title":"美国大型养老基金清仓阿里巴巴，转投量子计算股 D-Wave、Rigetti、IonQ","url":"https://stock-news.laohu8.com/highlight/detail?id=1131908152","media":"老虎资讯综合","summary":"新泽西州养老金在第二季度出售了全部在美上市的中国互联网公司 $阿里巴巴$ 的股份，新建了量子计算公司  $D-Wave Quantum Inc.$ 和  $Rigetti Computing$的头寸，并增持了同行 $IONQ Inc.$ 的股票。截至第三季度，目前阿里巴巴 ADR 上涨 6.1%，标普 500 指数上涨 3.0%。该养老金在第二季度新买入 D-Wave 和 Rigetti，分别购入 98,920 股和 135,890 股。相比之下，Rigetti 主要专注于科学研究与开发，而非商业应用。今年上半年，D-Wave 股价飙升 74%，Rigetti 股价下跌 22%。该养老金在第二季度增持了 9,108 股 IonQ，将其持股总数提升至 77,212 股。","content":"<html><head></head><body><p>一家大型美国公共养老基金退出了一家科技公司的持仓，并将更多资金投入到量子计算领域。</p><p>新泽西州养老金在第二季度出售了全部在美上市的中国互联网公司 <a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a> 的股份，新建了量子计算公司  <a href=\"https://laohu8.com/S/QBTS\">D-Wave Quantum Inc.</a> （QBTS）和  <a href=\"https://laohu8.com/S/RGTI\">Rigetti Computing</a>（RGTI）的头寸，并增持了同行 <a href=\"https://laohu8.com/S/IONQ\">IONQ Inc.</a> （IONQ）的股票。</p><p>该养老金由新泽西州财政部投资管理处负责管理，并在向美国证券交易委员会提交的文件中披露了这些交易。</p><p>新泽西州财政部未回应置评请求。该养老金管理的净资产规模约为 700 亿美元。</p><p>截至 3 月底，新泽西州养老金持有 53,560 股阿里巴巴的美国存托凭证（ADR），到 6 月底已全部清仓。</p><p>阿里巴巴 ADR 在 2025 年上半年大涨 34%，而标普 500 指数（SPX）同期上涨 5.5%。截至第三季度，目前阿里巴巴 ADR 上涨 6.1%，标普 500 指数上涨 3.0%。</p><p>阿里巴巴在 2 月公布的季度业绩强劲，但在 5 月的财报中未达市场预期。据外电报道，阿里巴巴支持的人工智能初创公司 Minimax 已于 7 月在香港申请首次公开募股（IPO）。</p><p>该养老金在第二季度新买入 D-Wave 和 Rigetti，分别购入 98,920 股和 135,890 股。</p><p>D-Wave 在 3 月声称实现了“量子霸权”，即其系统能够在可行的时间内完成任何经典计算机都无法完成的任务。</p><p>D-Wave 首席执行官阿兰·巴拉茨（Alan Baratz）一直是量子技术的积极倡导者，尤其是在其商业应用方面。</p><p>相比之下，Rigetti 主要专注于科学研究与开发，而非商业应用。</p><p>“我们的同行在预测上要更加乐观和激进，”Rigetti 首席执行官苏博德·库尔卡尼（Subodh Kulkarni）在 3 月表示，“我们同样对长期潜力充满热情。但就未来三到五年而言，我们持更为保守的态度。”</p><p>今年上半年，D-Wave 股价飙升 74%，Rigetti 股价下跌 22%。截至第三季度，目前 D-Wave 上涨 15%，Rigetti 上涨 30%。</p><p>IonQ 股价在今年前两个季度上涨 2.9%，但在第三季度迄今下跌 2.6%。</p><p>今年 3 月，IonQ 执行董事长彼得·查普曼（Peter Chapman）呼吁行业更加合作。</p><p>“我希望未来能有更多的分享，甚至可能实现共同协作，因为量子计算的前景及其对人类的意义非常重大，”查普曼表示。</p><p>今年 6 月，IonQ 同意以略高于 10.75 亿美元（主要以股票支付）的价格收购英国量子计算初创公司 Oxford Ionics，该交易预计将于今年完成。</p><p>该养老金在第二季度增持了 9,108 股 IonQ，将其持股总数提升至 77,212 股。</p><p>过去一周，D-Wave 和 IonQ 均公布了最新季度财报，显示营收增长，同时亏损扩大。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美国大型养老基金清仓阿里巴巴，转投量子计算股 D-Wave、Rigetti、IonQ</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美国大型养老基金清仓阿里巴巴，转投量子计算股 D-Wave、Rigetti、IonQ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2025-08-11 08:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>一家大型美国公共养老基金退出了一家科技公司的持仓，并将更多资金投入到量子计算领域。</p><p>新泽西州养老金在第二季度出售了全部在美上市的中国互联网公司 <a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a> 的股份，新建了量子计算公司  <a href=\"https://laohu8.com/S/QBTS\">D-Wave Quantum Inc.</a> （QBTS）和  <a href=\"https://laohu8.com/S/RGTI\">Rigetti Computing</a>（RGTI）的头寸，并增持了同行 <a href=\"https://laohu8.com/S/IONQ\">IONQ Inc.</a> （IONQ）的股票。</p><p>该养老金由新泽西州财政部投资管理处负责管理，并在向美国证券交易委员会提交的文件中披露了这些交易。</p><p>新泽西州财政部未回应置评请求。该养老金管理的净资产规模约为 700 亿美元。</p><p>截至 3 月底，新泽西州养老金持有 53,560 股阿里巴巴的美国存托凭证（ADR），到 6 月底已全部清仓。</p><p>阿里巴巴 ADR 在 2025 年上半年大涨 34%，而标普 500 指数（SPX）同期上涨 5.5%。截至第三季度，目前阿里巴巴 ADR 上涨 6.1%，标普 500 指数上涨 3.0%。</p><p>阿里巴巴在 2 月公布的季度业绩强劲，但在 5 月的财报中未达市场预期。据外电报道，阿里巴巴支持的人工智能初创公司 Minimax 已于 7 月在香港申请首次公开募股（IPO）。</p><p>该养老金在第二季度新买入 D-Wave 和 Rigetti，分别购入 98,920 股和 135,890 股。</p><p>D-Wave 在 3 月声称实现了“量子霸权”，即其系统能够在可行的时间内完成任何经典计算机都无法完成的任务。</p><p>D-Wave 首席执行官阿兰·巴拉茨（Alan Baratz）一直是量子技术的积极倡导者，尤其是在其商业应用方面。</p><p>相比之下，Rigetti 主要专注于科学研究与开发，而非商业应用。</p><p>“我们的同行在预测上要更加乐观和激进，”Rigetti 首席执行官苏博德·库尔卡尼（Subodh Kulkarni）在 3 月表示，“我们同样对长期潜力充满热情。但就未来三到五年而言，我们持更为保守的态度。”</p><p>今年上半年，D-Wave 股价飙升 74%，Rigetti 股价下跌 22%。截至第三季度，目前 D-Wave 上涨 15%，Rigetti 上涨 30%。</p><p>IonQ 股价在今年前两个季度上涨 2.9%，但在第三季度迄今下跌 2.6%。</p><p>今年 3 月，IonQ 执行董事长彼得·查普曼（Peter Chapman）呼吁行业更加合作。</p><p>“我希望未来能有更多的分享，甚至可能实现共同协作，因为量子计算的前景及其对人类的意义非常重大，”查普曼表示。</p><p>今年 6 月，IonQ 同意以略高于 10.75 亿美元（主要以股票支付）的价格收购英国量子计算初创公司 Oxford Ionics，该交易预计将于今年完成。</p><p>该养老金在第二季度增持了 9,108 股 IonQ，将其持股总数提升至 77,212 股。</p><p>过去一周，D-Wave 和 IonQ 均公布了最新季度财报，显示营收增长，同时亏损扩大。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/3c87878ed743eb868b955045fc28c1a6","relate_stocks":{"QBTS":"D-Wave Quantum Inc.","IONQ":"IONQ Inc.","BABA":"阿里巴巴","RGTI":"Rigetti Computing"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131908152","content_text":"一家大型美国公共养老基金退出了一家科技公司的持仓，并将更多资金投入到量子计算领域。新泽西州养老金在第二季度出售了全部在美上市的中国互联网公司 阿里巴巴 的股份，新建了量子计算公司  D-Wave Quantum Inc. （QBTS）和  Rigetti Computing（RGTI）的头寸，并增持了同行 IONQ Inc. （IONQ）的股票。该养老金由新泽西州财政部投资管理处负责管理，并在向美国证券交易委员会提交的文件中披露了这些交易。新泽西州财政部未回应置评请求。该养老金管理的净资产规模约为 700 亿美元。截至 3 月底，新泽西州养老金持有 53,560 股阿里巴巴的美国存托凭证（ADR），到 6 月底已全部清仓。阿里巴巴 ADR 在 2025 年上半年大涨 34%，而标普 500 指数（SPX）同期上涨 5.5%。截至第三季度，目前阿里巴巴 ADR 上涨 6.1%，标普 500 指数上涨 3.0%。阿里巴巴在 2 月公布的季度业绩强劲，但在 5 月的财报中未达市场预期。据外电报道，阿里巴巴支持的人工智能初创公司 Minimax 已于 7 月在香港申请首次公开募股（IPO）。该养老金在第二季度新买入 D-Wave 和 Rigetti，分别购入 98,920 股和 135,890 股。D-Wave 在 3 月声称实现了“量子霸权”，即其系统能够在可行的时间内完成任何经典计算机都无法完成的任务。D-Wave 首席执行官阿兰·巴拉茨（Alan Baratz）一直是量子技术的积极倡导者，尤其是在其商业应用方面。相比之下，Rigetti 主要专注于科学研究与开发，而非商业应用。“我们的同行在预测上要更加乐观和激进，”Rigetti 首席执行官苏博德·库尔卡尼（Subodh Kulkarni）在 3 月表示，“我们同样对长期潜力充满热情。但就未来三到五年而言，我们持更为保守的态度。”今年上半年，D-Wave 股价飙升 74%，Rigetti 股价下跌 22%。截至第三季度，目前 D-Wave 上涨 15%，Rigetti 上涨 30%。IonQ 股价在今年前两个季度上涨 2.9%，但在第三季度迄今下跌 2.6%。今年 3 月，IonQ 执行董事长彼得·查普曼（Peter Chapman）呼吁行业更加合作。“我希望未来能有更多的分享，甚至可能实现共同协作，因为量子计算的前景及其对人类的意义非常重大，”查普曼表示。今年 6 月，IonQ 同意以略高于 10.75 亿美元（主要以股票支付）的价格收购英国量子计算初创公司 Oxford Ionics，该交易预计将于今年完成。该养老金在第二季度增持了 9,108 股 IonQ，将其持股总数提升至 77,212 股。过去一周，D-Wave 和 IonQ 均公布了最新季度财报，显示营收增长，同时亏损扩大。","news_type":1,"symbols_score_info":{"RGTI":1.1,"QBTS":1.1,"BABA":1.1,"IONQ":1.1}},"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":464459541414096,"gmtCreate":1754418552245,"gmtModify":1754418554131,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3493041815189173","idStr":"3493041815189173"},"themes":[],"htmlText":"阿里现在是AI公司，别老拿旧眼光去看","listText":"阿里现在是AI公司，别老拿旧眼光去看","text":"阿里现在是AI公司，别老拿旧眼光去看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/464459541414096","repostId":"1188811373","repostType":2,"repost":{"id":"1188811373","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":1754385979,"share":"https://www.laohu8.com/m/news/1188811373?lang=zh_CN&edition=full","pubTime":"2025-08-05 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17:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>在饿了么、飞猪并入中国电商事业群后，据悉，阿里旗下淘宝将上线全新大会员体系，打通饿了么、飞猪、盒马等阿里系资源，包含购物、外卖、旅行、出行等权益。同时，88VIP用户权益也将升级，例如新增可免费领取90天盒马X会员的权益等。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7064c4d7d0e0e65c6e1138157a714384","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188811373","content_text":"在饿了么、飞猪并入中国电商事业群后，据悉，阿里旗下淘宝将上线全新大会员体系，打通饿了么、飞猪、盒马等阿里系资源，包含购物、外卖、旅行、出行等权益。同时，88VIP用户权益也将升级，例如新增可免费领取90天盒马X会员的权益等。","news_type":1,"symbols_score_info":{"BABA":1.1}},"isVote":1,"tweetType":1,"viewCount":705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":499117447783184,"gmtCreate":1762879806889,"gmtModify":1762879808620,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493041815189173","authorIdStr":"3493041815189173"},"themes":[],"title":"","htmlText":"<a 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href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a><v-v data-views=\"1\"></v-v> 大幅加仓好时机。Ai和芯片业务去漂亮国化是利多，电商业务会受影响但漂亮国贸易不超过15%，有大把市场例如欧盟产品可以替代。所以是黄金坑","listText":"<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a><v-v data-views=\"1\"></v-v> 大幅加仓好时机。Ai和芯片业务去漂亮国化是利多，电商业务会受影响但漂亮国贸易不超过15%，有大把市场例如欧盟产品可以替代。所以是黄金坑","text":"$阿里巴巴(BABA)$ 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19:53","market":"us","language":"zh","title":"预期过高的拼多多遭失望反噬","url":"https://stock-news.laohu8.com/highlight/detail?id=2321667647","media":"丫丫港股圈","summary":"3月20日，拼多多公布了2022年Q4财报，在中概股四季度均超市场预期的表现下，拼多多反倒成唯一一个低于市场预期的。在昨夜财报公布后，拼多多大跌14.17%，跌近5个月以来的低位，此前由于京东百亿补贴","content":"<html><head></head><body><p>3月20日，<a href=\"https://laohu8.com/S/PDD\">拼多多</a>公布了2022年Q4财报，在中概股四季度均超市场预期的表现下，拼多多反倒成唯一一个低于市场预期的。</p><p>在昨夜财报公布后，拼多多大跌14.17%，跌近5个月以来的低位，此前由于<a href=\"https://laohu8.com/S/JD\">京东</a>百亿补贴带来的冲击并不强，拼多多的走势优于京东，但为什么昨夜财报一发，就引起了股价大跌？ </p><p>财报显示，22Q4总营收为398.2亿元，同比增长46.2%，环比增长12.2%。此前彭博一致预期为419.48亿元，预期增速将达50%，但这次明显低于该数据。</p><p><img src=\"https://static.tigerbbs.com/8fa119ca11a84effab5f0f664bb59a4c\" tg-width=\"1080\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>22Q4 Non-GAAP归母净利润为121.1亿元，同比增长43.4%，环比下滑2.7%。此前彭博一致预期为111.7亿元，实际高于市场预期的8.4%。</p><p>在去年消费形势严峻的Q2和Q3季度下，拼多多仍有大超市场预期的表现，这让机构对拼多多在Q4的表现增多了想象空间。尤其是在去年阿里和京东市场份额下滑的情况下，大家对市场份额增多的拼多多抱有更大期待。</p><p>拼多多这次财报未能达到大家的预期，有个最直观的原因有两个。</p><p>一是拼多多为了高速扩展海外版拼多多Temu业务，在营销上花了不少钱揽客，拼多多原本优秀的成本控制环节有所放松。</p><p>22Q4营销费用支出为177亿元，同比大增56%，比营收增速还高。管理费用从21年Q4同期的2.24亿元增长至16.4亿，其中股权激励费用占12.8亿，这是拼多多为激励Temu员工所致的。研发费用为24亿，处于拼多多的正常水平，并无增多。</p><p>第二个是去年Q4的11月和12月深受疫情困扰，消费受阻，大家对药品类的需求激增。而有药房配送业务的阿里和京东受益于此，但拼多多却没有这项业务。</p><p>若不考虑药品带来的高增长，实际上阿里和京东的消费品营收也并不好看。这两家也在Q4财报中提到，药品高增长抵消了其他品类消费的下滑。拼多多由于没这项业务，即没有抵消其他品类营收下滑的缓冲垫。</p><p>从业务细分来看，22Q4在线营销服务收入为310亿元，同比增长38%，增速慢于22Q3的58%，且低于市场45-50%的较高预期值。但该项收入是京东同期该项收入的125%，为阿里同期该项收入的43.5%。</p><p>虽然去年Q4的11至12月是居家时间，对拼多多的日用品销售也有好处，但网购始终需要有人把货品送到家，而去年两个月中，很多地区的物流配送并不是那么顺畅，履约率恶化也是影响消费的因素。</p><p>22Q4佣金收入为88亿元，同比增长86%，但增速低于22Q3增长的102%，该项业务收入超市场预期的82亿元。</p><p>22Q4毛利率为77.6%，略高于市场预期的76.6%，其实毛利率并未有下滑。毛利润为309亿元，低于市场预期的319亿，这主要还是由于营收少了，及营销费用增多所致。</p><p>整体而言，市场对拼多多去年Q2和Q3超预期表现过于乐观，导致对Q4业绩期待过高。</p><p>而阿里和京东在Q4表现不错，与我们上述所说的一样，但主要得益于药品类销售增长。除去药品类外，其他消费品类营收实际下滑。阿里和京东有饿了么和京东到家等线下配送能力，在居家消费需求高涨的情况下占据优势。相比之下，拼多多没有线下配送药品能力。</p><p>值得注意的是，京东已经打响了所谓的百亿补贴战两周时间。</p><p>但从消费者反馈来看，并没有感受到京东宣传中所说的价格优势。例如，“价格不比拼多多和天猫低就赔三倍”的承诺并未兑现。在个别品类上，京东价格略低于拼多多；但从整体品类来看，拼多多给消费者更大力度。</p><p>拼多多CEO陈磊表示，行业内的竞争非常激烈，我们相信良性的竞争对于消费者以及整个行业而言，都是有利的，但有事随着竞争的激烈，这种竞争也会出现不同程度的异化。服务好消费者是创造长期价值的关键所在。</p><p><b>在电话会中，有一段话应是投资者关心的：拼多多高管提及到，公司的每一笔投资都会经过审慎考量，如果这笔投资能够为公司带来长期的高质量发展，将毫不犹豫地进行投资。</b></p><p><b>在过去，不仅是阿里和京东，或是<a href=\"https://laohu8.com/S/00700\">腾讯</a>的高速增长期时，都会有时候做一些莫名其妙的投资。而这项投资对公司产生的反馈并不好，这导致公司即花费了钱也花费了精力做一些比较差的投资，这是互联网公司经常会犯的错。</b></p><p><b>这也是段永平之前称为什么无法重手买腾讯的原因之一，腾讯也会做一些奇奇怪怪令股东难以理解的投资。</b></p><p>当然，拼多多的体量仍不能跟腾讯相提并论，但在企业高速发展期中，做好投资是公司未来发展更好的重要基石，例如拼多多扩展海外Temu业务。</p><p>陈磊表示，目前Temu业务仍处于早期的阶段，目前对财报的影响还相对较小。但我们从22Q4这次财报上看，未来拼多多的营销支出应该是会陆续增加，会影响至财报的表现。</p><p><b>结语</b></p><p>这次财报并非差劲之作，而是市场预期过高导致失望反噬。</p><p>目前京东打响价格战，并未动摇拼多多低价优势。若就是现在的价格力度，相信靠低价策略出身的拼多多能守好擂台。</p><p>药品类销售增长为京东其他营收下滑提供缓冲作用，但药品类属于“一次性”收入来源，并不能为京东带来持续发展。</p><p>因此23年Q1报尤为重要，它将反映出在疫情结束后首个消费复苏季度中消费者忠诚度如何分布。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>预期过高的拼多多遭失望反噬</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n预期过高的拼多多遭失望反噬\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/34\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/114bba396d364a71a322b5748847d493);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">丫丫港股圈 </p>\n<p class=\"h-time\">2023-03-21 19:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>3月20日，<a href=\"https://laohu8.com/S/PDD\">拼多多</a>公布了2022年Q4财报，在中概股四季度均超市场预期的表现下，拼多多反倒成唯一一个低于市场预期的。</p><p>在昨夜财报公布后，拼多多大跌14.17%，跌近5个月以来的低位，此前由于<a href=\"https://laohu8.com/S/JD\">京东</a>百亿补贴带来的冲击并不强，拼多多的走势优于京东，但为什么昨夜财报一发，就引起了股价大跌？ </p><p>财报显示，22Q4总营收为398.2亿元，同比增长46.2%，环比增长12.2%。此前彭博一致预期为419.48亿元，预期增速将达50%，但这次明显低于该数据。</p><p><img src=\"https://static.tigerbbs.com/8fa119ca11a84effab5f0f664bb59a4c\" tg-width=\"1080\" tg-height=\"489\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>22Q4 Non-GAAP归母净利润为121.1亿元，同比增长43.4%，环比下滑2.7%。此前彭博一致预期为111.7亿元，实际高于市场预期的8.4%。</p><p>在去年消费形势严峻的Q2和Q3季度下，拼多多仍有大超市场预期的表现，这让机构对拼多多在Q4的表现增多了想象空间。尤其是在去年阿里和京东市场份额下滑的情况下，大家对市场份额增多的拼多多抱有更大期待。</p><p>拼多多这次财报未能达到大家的预期，有个最直观的原因有两个。</p><p>一是拼多多为了高速扩展海外版拼多多Temu业务，在营销上花了不少钱揽客，拼多多原本优秀的成本控制环节有所放松。</p><p>22Q4营销费用支出为177亿元，同比大增56%，比营收增速还高。管理费用从21年Q4同期的2.24亿元增长至16.4亿，其中股权激励费用占12.8亿，这是拼多多为激励Temu员工所致的。研发费用为24亿，处于拼多多的正常水平，并无增多。</p><p>第二个是去年Q4的11月和12月深受疫情困扰，消费受阻，大家对药品类的需求激增。而有药房配送业务的阿里和京东受益于此，但拼多多却没有这项业务。</p><p>若不考虑药品带来的高增长，实际上阿里和京东的消费品营收也并不好看。这两家也在Q4财报中提到，药品高增长抵消了其他品类消费的下滑。拼多多由于没这项业务，即没有抵消其他品类营收下滑的缓冲垫。</p><p>从业务细分来看，22Q4在线营销服务收入为310亿元，同比增长38%，增速慢于22Q3的58%，且低于市场45-50%的较高预期值。但该项收入是京东同期该项收入的125%，为阿里同期该项收入的43.5%。</p><p>虽然去年Q4的11至12月是居家时间，对拼多多的日用品销售也有好处，但网购始终需要有人把货品送到家，而去年两个月中，很多地区的物流配送并不是那么顺畅，履约率恶化也是影响消费的因素。</p><p>22Q4佣金收入为88亿元，同比增长86%，但增速低于22Q3增长的102%，该项业务收入超市场预期的82亿元。</p><p>22Q4毛利率为77.6%，略高于市场预期的76.6%，其实毛利率并未有下滑。毛利润为309亿元，低于市场预期的319亿，这主要还是由于营收少了，及营销费用增多所致。</p><p>整体而言，市场对拼多多去年Q2和Q3超预期表现过于乐观，导致对Q4业绩期待过高。</p><p>而阿里和京东在Q4表现不错，与我们上述所说的一样，但主要得益于药品类销售增长。除去药品类外，其他消费品类营收实际下滑。阿里和京东有饿了么和京东到家等线下配送能力，在居家消费需求高涨的情况下占据优势。相比之下，拼多多没有线下配送药品能力。</p><p>值得注意的是，京东已经打响了所谓的百亿补贴战两周时间。</p><p>但从消费者反馈来看，并没有感受到京东宣传中所说的价格优势。例如，“价格不比拼多多和天猫低就赔三倍”的承诺并未兑现。在个别品类上，京东价格略低于拼多多；但从整体品类来看，拼多多给消费者更大力度。</p><p>拼多多CEO陈磊表示，行业内的竞争非常激烈，我们相信良性的竞争对于消费者以及整个行业而言，都是有利的，但有事随着竞争的激烈，这种竞争也会出现不同程度的异化。服务好消费者是创造长期价值的关键所在。</p><p><b>在电话会中，有一段话应是投资者关心的：拼多多高管提及到，公司的每一笔投资都会经过审慎考量，如果这笔投资能够为公司带来长期的高质量发展，将毫不犹豫地进行投资。</b></p><p><b>在过去，不仅是阿里和京东，或是<a href=\"https://laohu8.com/S/00700\">腾讯</a>的高速增长期时，都会有时候做一些莫名其妙的投资。而这项投资对公司产生的反馈并不好，这导致公司即花费了钱也花费了精力做一些比较差的投资，这是互联网公司经常会犯的错。</b></p><p><b>这也是段永平之前称为什么无法重手买腾讯的原因之一，腾讯也会做一些奇奇怪怪令股东难以理解的投资。</b></p><p>当然，拼多多的体量仍不能跟腾讯相提并论，但在企业高速发展期中，做好投资是公司未来发展更好的重要基石，例如拼多多扩展海外Temu业务。</p><p>陈磊表示，目前Temu业务仍处于早期的阶段，目前对财报的影响还相对较小。但我们从22Q4这次财报上看，未来拼多多的营销支出应该是会陆续增加，会影响至财报的表现。</p><p><b>结语</b></p><p>这次财报并非差劲之作，而是市场预期过高导致失望反噬。</p><p>目前京东打响价格战，并未动摇拼多多低价优势。若就是现在的价格力度，相信靠低价策略出身的拼多多能守好擂台。</p><p>药品类销售增长为京东其他营收下滑提供缓冲作用，但药品类属于“一次性”收入来源，并不能为京东带来持续发展。</p><p>因此23年Q1报尤为重要，它将反映出在疫情结束后首个消费复苏季度中消费者忠诚度如何分布。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e42c16a083ab273c19aaae21cdb697a0","relate_stocks":{"PDD":"拼多多"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2321667647","content_text":"3月20日，拼多多公布了2022年Q4财报，在中概股四季度均超市场预期的表现下，拼多多反倒成唯一一个低于市场预期的。在昨夜财报公布后，拼多多大跌14.17%，跌近5个月以来的低位，此前由于京东百亿补贴带来的冲击并不强，拼多多的走势优于京东，但为什么昨夜财报一发，就引起了股价大跌？ 财报显示，22Q4总营收为398.2亿元，同比增长46.2%，环比增长12.2%。此前彭博一致预期为419.48亿元，预期增速将达50%，但这次明显低于该数据。22Q4 Non-GAAP归母净利润为121.1亿元，同比增长43.4%，环比下滑2.7%。此前彭博一致预期为111.7亿元，实际高于市场预期的8.4%。在去年消费形势严峻的Q2和Q3季度下，拼多多仍有大超市场预期的表现，这让机构对拼多多在Q4的表现增多了想象空间。尤其是在去年阿里和京东市场份额下滑的情况下，大家对市场份额增多的拼多多抱有更大期待。拼多多这次财报未能达到大家的预期，有个最直观的原因有两个。一是拼多多为了高速扩展海外版拼多多Temu业务，在营销上花了不少钱揽客，拼多多原本优秀的成本控制环节有所放松。22Q4营销费用支出为177亿元，同比大增56%，比营收增速还高。管理费用从21年Q4同期的2.24亿元增长至16.4亿，其中股权激励费用占12.8亿，这是拼多多为激励Temu员工所致的。研发费用为24亿，处于拼多多的正常水平，并无增多。第二个是去年Q4的11月和12月深受疫情困扰，消费受阻，大家对药品类的需求激增。而有药房配送业务的阿里和京东受益于此，但拼多多却没有这项业务。若不考虑药品带来的高增长，实际上阿里和京东的消费品营收也并不好看。这两家也在Q4财报中提到，药品高增长抵消了其他品类消费的下滑。拼多多由于没这项业务，即没有抵消其他品类营收下滑的缓冲垫。从业务细分来看，22Q4在线营销服务收入为310亿元，同比增长38%，增速慢于22Q3的58%，且低于市场45-50%的较高预期值。但该项收入是京东同期该项收入的125%，为阿里同期该项收入的43.5%。虽然去年Q4的11至12月是居家时间，对拼多多的日用品销售也有好处，但网购始终需要有人把货品送到家，而去年两个月中，很多地区的物流配送并不是那么顺畅，履约率恶化也是影响消费的因素。22Q4佣金收入为88亿元，同比增长86%，但增速低于22Q3增长的102%，该项业务收入超市场预期的82亿元。22Q4毛利率为77.6%，略高于市场预期的76.6%，其实毛利率并未有下滑。毛利润为309亿元，低于市场预期的319亿，这主要还是由于营收少了，及营销费用增多所致。整体而言，市场对拼多多去年Q2和Q3超预期表现过于乐观，导致对Q4业绩期待过高。而阿里和京东在Q4表现不错，与我们上述所说的一样，但主要得益于药品类销售增长。除去药品类外，其他消费品类营收实际下滑。阿里和京东有饿了么和京东到家等线下配送能力，在居家消费需求高涨的情况下占据优势。相比之下，拼多多没有线下配送药品能力。值得注意的是，京东已经打响了所谓的百亿补贴战两周时间。但从消费者反馈来看，并没有感受到京东宣传中所说的价格优势。例如，“价格不比拼多多和天猫低就赔三倍”的承诺并未兑现。在个别品类上，京东价格略低于拼多多；但从整体品类来看，拼多多给消费者更大力度。拼多多CEO陈磊表示，行业内的竞争非常激烈，我们相信良性的竞争对于消费者以及整个行业而言，都是有利的，但有事随着竞争的激烈，这种竞争也会出现不同程度的异化。服务好消费者是创造长期价值的关键所在。在电话会中，有一段话应是投资者关心的：拼多多高管提及到，公司的每一笔投资都会经过审慎考量，如果这笔投资能够为公司带来长期的高质量发展，将毫不犹豫地进行投资。在过去，不仅是阿里和京东，或是腾讯的高速增长期时，都会有时候做一些莫名其妙的投资。而这项投资对公司产生的反馈并不好，这导致公司即花费了钱也花费了精力做一些比较差的投资，这是互联网公司经常会犯的错。这也是段永平之前称为什么无法重手买腾讯的原因之一，腾讯也会做一些奇奇怪怪令股东难以理解的投资。当然，拼多多的体量仍不能跟腾讯相提并论，但在企业高速发展期中，做好投资是公司未来发展更好的重要基石，例如拼多多扩展海外Temu业务。陈磊表示，目前Temu业务仍处于早期的阶段，目前对财报的影响还相对较小。但我们从22Q4这次财报上看，未来拼多多的营销支出应该是会陆续增加，会影响至财报的表现。结语这次财报并非差劲之作，而是市场预期过高导致失望反噬。目前京东打响价格战，并未动摇拼多多低价优势。若就是现在的价格力度，相信靠低价策略出身的拼多多能守好擂台。药品类销售增长为京东其他营收下滑提供缓冲作用，但药品类属于“一次性”收入来源，并不能为京东带来持续发展。因此23年Q1报尤为重要，它将反映出在疫情结束后首个消费复苏季度中消费者忠诚度如何分布。","news_type":1,"symbols_score_info":{"PDD":0.9}},"isVote":1,"tweetType":1,"viewCount":691,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3580820422981796","authorId":"3580820422981796","name":"姚姚会理财","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3580820422981796","authorIdStr":"3580820422981796"},"content":"你干嘛要说真话，我希望它继续往下砸，我好建仓","text":"你干嘛要说真话，我希望它继续往下砸，我好建仓","html":"你干嘛要说真话，我希望它继续往下砸，我好建仓"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":688532792,"gmtCreate":1657718839218,"gmtModify":1704868103590,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493041815189173","authorIdStr":"3493041815189173"},"themes":[],"htmlText":"通胀面前最脆弱的一类人群之一就是已经或即将退休的人…粗暴加息“股市-退休金”缩水，无异于打击他们的生活质量…","listText":"通胀面前最脆弱的一类人群之一就是已经或即将退休的人…粗暴加息“股市-退休金”缩水，无异于打击他们的生活质量…","text":"通胀面前最脆弱的一类人群之一就是已经或即将退休的人…粗暴加息“股市-退休金”缩水，无异于打击他们的生活质量…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/688532792","repostId":"1188823862","repostType":4,"repost":{"id":"1188823862","kind":"news","pubTimestamp":1657717841,"share":"https://www.laohu8.com/m/news/1188823862?lang=zh_CN&edition=full","pubTime":"2022-07-13 21:10","market":"us","language":"zh","title":"7月加息100基点？美国通胀“破9”，分析师火速解读来了！","url":"https://stock-news.laohu8.com/highlight/detail?id=1188823862","media":"金十数据 ","summary":"美联储观察显示，美国联邦基金利率期货显示美联储有80%的可能在9月再次加息75个基点。互换市场显示美联储7月加息100基点的概率有三分之一。而在数据公布前，美联储互换市场就充分定价美联储7月加息75个","content":"<html><head></head><body><blockquote>美联储观察显示，美国联邦基金利率期货显示美联储有80%的可能在9月再次加息75个基点。互换市场显示美联储7月加息100基点的概率有三分之一。而在数据公布前，美联储互换市场就充分定价美联储7月加息75个基点。</blockquote><p>北京时间7月13日20:30，市场瞩目的美国6月CPI数据公布。</p><p>美国6月未季调CPI年率录得9.1%，为<b>1981年11月以来最大增幅</b>，预期8.80%，前值8.60%。美国6月季调后CPI月率1.3%，创2005年9月以来新高，预期1.10%，前值1.00%。这反映出美国汽油、住房和食品成本上涨。</p><p><img src=\"https://static.tigerbbs.com/2520d00bd90aa275551197b5e4261de4\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\"/></p><p>然而，实际工资却连续第15个月下降。</p><p><img src=\"https://static.tigerbbs.com/1c7b1329b4daa8d75f0799eaa7965711\" tg-width=\"500\" tg-height=\"312\" referrerpolicy=\"no-referrer\"/></p><p>美国CPI数据公布后，美股股指期货直线下挫，美元指数短线拉升近50点，非美货币集体走低；现货黄金短线跳水17美元，跌穿1720美元/盎司，创2021年8月9日以来新低。</p><p>华尔街日报此前指出，一些投行已警告称，美国总体通胀率恐达9%，甚至更高。若果真如此，则很可能利空美股，尤其是包括Meta Platforms、苹果和亚马逊在内的成长股。</p><p>美国国债大跌。分析师Michael MacKenzie指出，在CPI高于预期之后，美国国债收益率飙升。可以理解的是，随着报告显示美联储将进一步收紧货币政策，前端利率先采取行动，</p><p>市场定价美联储7月加息100基点的概率</p><p>分析师Chris Anstey指出，无论从整体数据还是核心数据的环比涨幅来看，这都是一个<b>显著的涨幅</b>。这巩固美联储在7月会议上加息75个基点的预期。白宫不会给（CPI数据高企）这件事裹上糖衣。那些过时的、落后的解释不会让公众满意。</p><p><b>美联储观察显示，美国联邦基金利率期货显示美联储有80%的可能在9月再次加息75个基点</b>。<b>互换市场显示美联储7月加息100基点的概率有三分之一</b>。数据公布后，7月合约的利率一度升至2.416％，比当前有效联邦基金利率高出约83.6个基点。这意味着市场认为加息幅度达到75个基点已经确定无疑，而且加息整整一个百分点的概率大约三分之一。</p><p>此前在数据公布前，美联储互换市场就充分定价美联储7月加息75个基点，押注美国将需要加快货币紧缩步伐，以遏制通胀。瑞穗集团全球宏观策略交易主管Peter Chatwell表示：</p><blockquote>美联储现在需要保持激进，这样它才能在9月份评估形势，并可能在第四季度采取不那么激进的紧缩路线。</blockquote><p><b>超9%的数据意味着通胀还未见顶？</b></p><p>分析师Katia Dmitrieva指出，对美联储和美国人来说，一个不受欢迎的信号是，通胀仍然广泛存在。虽然能源和食品价格是物价上涨的主要原因，但其他商品和服务价格继续承压。</p><p>从细分数据来看，分析师Katia Dmitrie指出，食品指数的上升速度比前一个月慢。但增幅相当大，6月份较5月份增长1%。全年差不多都在以这个速度增长。</p><p>另一个导致CPI大涨的因素是油价，根据美国汽车协会AAA的数据，美国汽油价格在6月创下历史新高，平均超过每加仑5美元，不过汽油价格已经从峰值下跌，周三平均为每加仑4.631美元，这可能会减轻消费者的一些压力。目前高通胀和不断上升的借贷成本引发了人们对明年初经济衰退的担忧。</p><p>财经网站Forexlive指出，美国的通货膨胀正在加剧。联邦基金期货市场迅速定价美联储加息100个基点的几率为23%的预期。当月CPI能源指数上涨7.5%，贡献了总涨幅的近一半。能源价格同比上涨41.6%。除此之外，汽车行业也令人担忧，因为它仍处于高位，租金继续攀升。二手车数据尤其令人惊讶。<b>「CPI超过9%」这个数字对普通民众来说并不好看，美联储要想软化立场将会很困难</b>。</p><p>彭博经济学家Anna指出，尽管所有人都预期6月份CPI数据会上升，但这一意外上升包含了一个市场尚未消化的重要信号：<b>这意味着通胀仍未见顶</b>。即使由于大宗商品价格下跌导致下一份数据会走软，但今年夏天晚些时候，通胀年率可能会再次上升。美联储一直在寻找通胀正在减速的「清晰而令人信服」的迹象，但除非经济开始以更快的速度降温，否则这种情况不会发生。</p></body></html>","source":"jssj","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\" 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#eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7月加息100基点？美国通胀“破9”，分析师火速解读来了！\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-13 21:10 北京时间&nbsp;&nbsp;&nbsp;<a href=https://xnews.jin10.com/details/96983><strong>金十数据 </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美联储观察显示，美国联邦基金利率期货显示美联储有80%的可能在9月再次加息75个基点。互换市场显示美联储7月加息100基点的概率有三分之一。而在数据公布前，美联储互换市场就充分定价美联储7月加息75个基点。北京时间7月13日20:30，市场瞩目的美国6月CPI数据公布。美国6月未季调CPI年率录得9.1%，为1981年11月以来最大增幅，预期8.80%，前值8.60%。美国6月季调后CPI月率...</p>\n\n<a href=\"https://xnews.jin10.com/details/96983\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/627bc890436e46f74a0fe8143398a725","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://xnews.jin10.com/details/96983","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188823862","content_text":"美联储观察显示，美国联邦基金利率期货显示美联储有80%的可能在9月再次加息75个基点。互换市场显示美联储7月加息100基点的概率有三分之一。而在数据公布前，美联储互换市场就充分定价美联储7月加息75个基点。北京时间7月13日20:30，市场瞩目的美国6月CPI数据公布。美国6月未季调CPI年率录得9.1%，为1981年11月以来最大增幅，预期8.80%，前值8.60%。美国6月季调后CPI月率1.3%，创2005年9月以来新高，预期1.10%，前值1.00%。这反映出美国汽油、住房和食品成本上涨。然而，实际工资却连续第15个月下降。美国CPI数据公布后，美股股指期货直线下挫，美元指数短线拉升近50点，非美货币集体走低；现货黄金短线跳水17美元，跌穿1720美元/盎司，创2021年8月9日以来新低。华尔街日报此前指出，一些投行已警告称，美国总体通胀率恐达9%，甚至更高。若果真如此，则很可能利空美股，尤其是包括Meta Platforms、苹果和亚马逊在内的成长股。美国国债大跌。分析师Michael MacKenzie指出，在CPI高于预期之后，美国国债收益率飙升。可以理解的是，随着报告显示美联储将进一步收紧货币政策，前端利率先采取行动，市场定价美联储7月加息100基点的概率分析师Chris Anstey指出，无论从整体数据还是核心数据的环比涨幅来看，这都是一个显著的涨幅。这巩固美联储在7月会议上加息75个基点的预期。白宫不会给（CPI数据高企）这件事裹上糖衣。那些过时的、落后的解释不会让公众满意。美联储观察显示，美国联邦基金利率期货显示美联储有80%的可能在9月再次加息75个基点。互换市场显示美联储7月加息100基点的概率有三分之一。数据公布后，7月合约的利率一度升至2.416％，比当前有效联邦基金利率高出约83.6个基点。这意味着市场认为加息幅度达到75个基点已经确定无疑，而且加息整整一个百分点的概率大约三分之一。此前在数据公布前，美联储互换市场就充分定价美联储7月加息75个基点，押注美国将需要加快货币紧缩步伐，以遏制通胀。瑞穗集团全球宏观策略交易主管Peter Chatwell表示：美联储现在需要保持激进，这样它才能在9月份评估形势，并可能在第四季度采取不那么激进的紧缩路线。超9%的数据意味着通胀还未见顶？分析师Katia Dmitrieva指出，对美联储和美国人来说，一个不受欢迎的信号是，通胀仍然广泛存在。虽然能源和食品价格是物价上涨的主要原因，但其他商品和服务价格继续承压。从细分数据来看，分析师Katia Dmitrie指出，食品指数的上升速度比前一个月慢。但增幅相当大，6月份较5月份增长1%。全年差不多都在以这个速度增长。另一个导致CPI大涨的因素是油价，根据美国汽车协会AAA的数据，美国汽油价格在6月创下历史新高，平均超过每加仑5美元，不过汽油价格已经从峰值下跌，周三平均为每加仑4.631美元，这可能会减轻消费者的一些压力。目前高通胀和不断上升的借贷成本引发了人们对明年初经济衰退的担忧。财经网站Forexlive指出，美国的通货膨胀正在加剧。联邦基金期货市场迅速定价美联储加息100个基点的几率为23%的预期。当月CPI能源指数上涨7.5%，贡献了总涨幅的近一半。能源价格同比上涨41.6%。除此之外，汽车行业也令人担忧，因为它仍处于高位，租金继续攀升。二手车数据尤其令人惊讶。「CPI超过9%」这个数字对普通民众来说并不好看，美联储要想软化立场将会很困难。彭博经济学家Anna指出，尽管所有人都预期6月份CPI数据会上升，但这一意外上升包含了一个市场尚未消化的重要信号：这意味着通胀仍未见顶。即使由于大宗商品价格下跌导致下一份数据会走软，但今年夏天晚些时候，通胀年率可能会再次上升。美联储一直在寻找通胀正在减速的「清晰而令人信服」的迹象，但除非经济开始以更快的速度降温，否则这种情况不会发生。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1613,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":516055007134200,"gmtCreate":1767010756411,"gmtModify":1767010758968,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493041815189173","authorIdStr":"3493041815189173"},"themes":[],"title":"","htmlText":"假戏，真扶持国产是真","listText":"假戏，真扶持国产是真","text":"假戏，真扶持国产是真","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/516055007134200","repostId":"1120895346","repostType":2,"repost":{"id":"1120895346","kind":"news","weMediaInfo":{"introduction":"全球快讯第一时间播报","home_visible":1,"media_name":"美股速递","id":"1004306016","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"pubTimestamp":1765361426,"share":"https://www.laohu8.com/m/news/1120895346?lang=zh_CN&edition=full","pubTime":"2025-12-10 18:10","market":"us","language":"zh","title":"官员与阿里巴巴、字节跳动和腾讯代表召开系列会议，要求他们评估H200的需求","url":"https://stock-news.laohu8.com/highlight/detail?id=1120895346","media":"美股速递","summary":"官员与阿里巴巴、字节跳动和腾讯的代表召开了一系列会议，要求他们评估H200的需求。","content":"<p>官员与阿里巴巴、字节跳动和腾讯的代表召开了一系列会议，要求他们评估H200的需求。</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>官员与阿里巴巴、字节跳动和腾讯代表召开系列会议，要求他们评估H200的需求</title>\n<style 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18:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>官员与阿里巴巴、字节跳动和腾讯的代表召开了一系列会议，要求他们评估H200的需求。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU0049112450.USD":"FIDELITY PACIFIC \"A\" INC","LU0557290698.USD":"施罗德环球可持续增长基金","SG9999002463.SGD":"LionGlobal China Growth SGD","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) ACC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","LU0633140727.USD":"AB EMERGING MARKETS MULTI ASSET PORTFOLIO \"AD\" (USD) INC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","HBBD.SI":"Alibaba HK SDR 5to1","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU1791710582.SGD":"Fidelity Global Demographics 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10:04","market":"us","language":"zh","title":"又慢又“穷”的拼多多，如何打一场输不起的仗","url":"https://stock-news.laohu8.com/highlight/detail?id=1171831757","media":"雪豹财经社","summary":"切不动的万亿蛋糕黄峥离开一年多之后，新CEO陈磊掌舵下的拼多多新招频出，但见效颇缓。在农业和直播电商领域尚未掀起水花的拼多多，近日开始涉足即时零售，卷入“万物到家”的新战场。雪豹财经社了解到，4月28","content":"<html><head></head><body><blockquote><b>切不动的万亿蛋糕</b></blockquote><p>黄峥离开一年多之后，新CEO陈磊掌舵下的拼多多新招频出，但见效颇缓。</p><p>在农业和直播电商领域尚未掀起水花的拼多多，近日开始涉足即时零售，卷入“万物到家”的新战场。雪豹财经社了解到，4月28日，拼多多课堂上线同城配送功能操作手册，辅导有意愿的商家入驻。</p><p><img src=\"https://static.tigerbbs.com/019a70c4b760aa684214f75a9efae7bc\" tg-width=\"610\" tg-height=\"303\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>即时零售是块潜力巨大的蛋糕，但这条赛道早已硝烟弥漫。阿里、京东、美团三足鼎立，迟到的拼多多再次以搅局者的姿态出现，却面临运力欠缺、行动迟缓的尴尬现状。</p><p>如今的拼多多，还能否重现7年前在阿里和京东两大巨头的“铁幕”之下撕开裂口的奇迹？</p><p><b>即时不及时</b></p><p>从未如此渴盼物资及时抵达的上海，成为拼多多试水即时零售的第一个试炼场。</p><p>目前，拼多多即时零售已在上海地区运行，但页面入口藏得很深，App首页尚没有一级入口。据拼多多官方客服介绍，用户需主动搜索“上海48小时发货”，才能找到相关商品。</p><p><img src=\"https://static.tigerbbs.com/18dacdacc40f9f6297b04a8b5775c7a3\" tg-width=\"1080\" tg-height=\"1551\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>据拼多多同城配送功能手册介绍，其即时零售项目未来主要在北上广深开展，支持虚拟行业以外的所有行业入驻，尤其适合水果、礼品鲜花、低温奶、定制蛋糕等行业。</p><p>对于试图入局即时零售的拼多多而言，这无疑也是个不错的时机。</p><p>中泰证券研报分析称，始于2008年前后的餐饮外卖的即时零售，在2019年后进入成熟发展阶段，需求场景不断丰富。2020年以来，快递及线下消费受疫情影响，又一次促进了即时零售发展。</p><p>国家邮政局数据显示，3月，全国快递业务量和业务收入分别同比下降3.1%和4.2%。央视新闻则报道称，3月全国停发快件的快递网点超过2000个。在这种情况下，无需跨省市、依托同城配送的即时零售获得较快发展。</p><p>据美团数据，3月，美团闪购在北京、深圳、天津等城市的订单量同比增长超70%。这也让线下商家对入驻即时零售平台有强烈愿望。达达集团招股书显示，2019年，全行业中，即时零售在超市等商家中的渗透率为1.4%，预计2023年将提升至10.6%。</p><p>然而，抓住了天时与地利，并不意味着拼多多胜券在握。</p><p>时效是即时零售的生命线，但对于没有自营物流、缺乏终端配送能力的拼多多而言，这恰恰是最大的短板。</p><p>据艾瑞咨询数据，2020年，美团配送市占率为47.2%，阿里旗下的“蜂鸟即配”和“点我达”市占率为20.7%，京东合作的达达快送占据4.1%的市场份额。拼多多则没有专属配送队伍，需商家自己解决配送问题。因此，拼多多即时零售承诺的配送时间长达24小时，在上海地区目前只送到小区门口；而美团、京东等即时零售平台的配送时间多为30分钟到1小时。</p><p>更致命的“慢半拍”在于，拼多多入场“搅局”之际，阿里、京东、美团早已在即时零售行业布局多年。</p><p>除了美团买菜，美团旗下的即时零售平台美团闪购已上线3年多。2021年，美团闪购在没有额外流量扶持下，日订单量突破400万单，CFO陈少晖在财报电话会上展望称，闪购未来日订单将破千万。同一年，京东旗下即时零售业态京东到家，合作的门店突破15万家。阿里的同城零售业态盒马鲜生和淘鲜达，则分别诞生于2016年和2017年。</p><p><img src=\"https://static.tigerbbs.com/8b89e08117ee3181aee2f163e72864a6\" tg-width=\"996\" tg-height=\"604\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>错过直播电商红利的拼多多再次姗姗来迟，但新战场与新机遇不容错失。</p><p><b>不能输的战争</b></p><p>从“Everything Store（万货商店）”变迁至“Everything Now（万物到家）”的未来战场上，拼多多不能缺席，也不能输。</p><p>即时零售可以简单地理解为外卖配送的升级版，追求时效性，但配送的商品已不局限于餐饮，而是包罗万象。埃森哲《聚焦中国95后消费群体》报告显示，超过50%的95后消费者希望能当天甚至半天就收到商品，7%的消费者希望在两个小时内收到商品。</p><p>据艾瑞咨询预估，即时零售市场2019-2023年的年复合增速将达到69.5%，到2024年将达到9000亿元的市场规模，是2020年的4.5倍。与之对比，据国家统计局，2021年网上零售增速仅为14.1%。</p><p>华泰证券甚至在一份研报中预判，这个未来的万亿市场是电商的下半场，将重新定义整个电商行业。</p><p>对于股价下滑、流量见顶、告别高增长时代的拼多多而言，这一仗不得不打。</p><p>2021年四个季度，拼多多营收分别为222亿、230亿、214亿元、272亿元，增速显著放缓，其中Q1和Q3两个季度环比下降。截至2021年Q4，拼多多年度活跃买家为8.687亿，环比Q3新增140万，远低于Q1的新增3500万。这也是自2018年7月上市以来，拼多多年度活跃买家数增长最少的一个季度。</p><p><img src=\"https://static.tigerbbs.com/99773aec0412d978329f2c76eb78163e\" tg-width=\"1000\" tg-height=\"822\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/77fcbed2c671174b9295661bec61ab6a\" tg-width=\"1000\" tg-height=\"822\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>陈磊在Q4财报电话会上承认，长期保持快速增长已不可能。如何持续服务好现有的8.7亿用户，高速发展的即时零售或许是一个切入口。</p><p>此外，拼多多发展即时零售，还可以与旗下已具规模的社区团购“多多买菜”形成业务协同。多多买菜的生鲜品类优势可以为即时零售的供货和仓储环节提供助力，多多买菜遍布全国的团长也可兼职成为社区内的送货骑手。</p><p>这种做法已有先例。4月下旬，美团的社区团购项目美团优选暂停北京地区运营，被合并到美团买菜，其供应链资源、团长及配送能力转而为美团买菜服务。</p><p>问题在于，拼多多还有后来居上的机会吗？</p><p><b>不烧钱，怎么打？</b></p><p>本地生活是块人人垂涎的巨大蛋糕，但要想打好这场仗，强大的供应链能力、成熟的配送体系、丰沛的流量入口，以及高黏性的用户群体，缺一不可。</p><p>对于后黄峥时代的拼多多，利润是个无法回避的关键词。目前即时零售整个行业都处于亏损当中，拼多多入局即时零售，也需要熬过相当一段时间的业务亏损阶段。但是，拼多多已有耗资巨大的“百亿农研专项”计划，2021年二三四季度利润均投入其中。而农业是一个需长期投入、且短期难见效的行业。</p><p>况且，相比对手们，拼多多本就现金流不充沛。截至2021年末，拼多多现金、现金等价物及短期投资约为929亿元人民币，低于即时零售三巨头阿里（4949亿元）、京东（1853亿元）与美团（1168亿元）。</p><p>如何在农业投资之余，再挤出资金注入持续亏损的即时零售项目，也是一个难题。</p><p>目前，即时零售主要有两种模式。阿里的盒马鲜生和天猫超市采取自营模式，京东、美团和新入局的拼多多，则以平台模式为主。所谓平台模式，即平台依托消费者的即时性需求，整合线下门店的商品资源。平台模式对商品质量、配送效率和售后服务的管控能力逊色于自营模式，但好处是避开了自营模式的高投入。</p><p>拼多多的短板在于，缺乏连接商家和消费者的配送体系。这也意味着，拼多多并无意愿承担持续高企的配送人力成本。</p><p>但拼多多省下的成本不会凭空消失，而是落到了提供配送服务的线下门店头上。</p><p>据《IT时报》援引业内人士说法称，一个大型超市要想覆盖10公里的片区，需要配备近百名专职骑手，每月支出近百万元。即使在单量充足的情况下，这仍然极大地蚕食了实体店本就微薄的利润空间。规模相对较小的便利店和社区商店，更难以支撑配送带来的人力成本。</p><p>这意味着，面对京东、美团等入驻门槛更低、服务体系更完善的竞争对手，拼多多对商户的吸引力并不大。</p><p>截至2021年9月，美团闪购覆盖的城镇数量达到2800个，合作社区生鲜店超1.5万家、菜市场超3万家、连锁商超逾150家。拼多多想从美团的盘中夺食，不是件容易的事。</p><p>美团尚未覆盖的空白市场，会是拼多多撕开裂口的机遇窗口吗？</p><p>据华泰证券2月研报，即时零售正在由一二线向低线城市下沉，而拼多多的基本盘正是下沉市场。但难题仍在：拼多多的客群对价格较敏感，即时零售主打时效，很难做到极致性价比。</p><p>又一道异常艰难的必考题摆在了拼多多面前。这一次，陈磊会交出什么样的答卷？</p></body></html>","source":"lsy1634697401643","collect":0,"html":"<!DOCTYPE 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n又慢又“穷”的拼多多，如何打一场输不起的仗\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-09 10:04 北京时间&nbsp;&nbsp;&nbsp;<a href=https://mp.weixin.qq.com/s/PpRb0-JAaP8W1wV0O5Fp6Q><strong>雪豹财经社</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>切不动的万亿蛋糕黄峥离开一年多之后，新CEO陈磊掌舵下的拼多多新招频出，但见效颇缓。在农业和直播电商领域尚未掀起水花的拼多多，近日开始涉足即时零售，卷入“万物到家”的新战场。雪豹财经社了解到，4月28日，拼多多课堂上线同城配送功能操作手册，辅导有意愿的商家入驻。即时零售是块潜力巨大的蛋糕，但这条赛道早已硝烟弥漫。阿里、京东、美团三足鼎立，迟到的拼多多再次以搅局者的姿态出现，却面临运力欠缺、行动迟缓...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/PpRb0-JAaP8W1wV0O5Fp6Q\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/03e00fc5a5a157f3b632137c5f2ce307","relate_stocks":{"PDD":"拼多多"},"source_url":"https://mp.weixin.qq.com/s/PpRb0-JAaP8W1wV0O5Fp6Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171831757","content_text":"切不动的万亿蛋糕黄峥离开一年多之后，新CEO陈磊掌舵下的拼多多新招频出，但见效颇缓。在农业和直播电商领域尚未掀起水花的拼多多，近日开始涉足即时零售，卷入“万物到家”的新战场。雪豹财经社了解到，4月28日，拼多多课堂上线同城配送功能操作手册，辅导有意愿的商家入驻。即时零售是块潜力巨大的蛋糕，但这条赛道早已硝烟弥漫。阿里、京东、美团三足鼎立，迟到的拼多多再次以搅局者的姿态出现，却面临运力欠缺、行动迟缓的尴尬现状。如今的拼多多，还能否重现7年前在阿里和京东两大巨头的“铁幕”之下撕开裂口的奇迹？即时不及时从未如此渴盼物资及时抵达的上海，成为拼多多试水即时零售的第一个试炼场。目前，拼多多即时零售已在上海地区运行，但页面入口藏得很深，App首页尚没有一级入口。据拼多多官方客服介绍，用户需主动搜索“上海48小时发货”，才能找到相关商品。据拼多多同城配送功能手册介绍，其即时零售项目未来主要在北上广深开展，支持虚拟行业以外的所有行业入驻，尤其适合水果、礼品鲜花、低温奶、定制蛋糕等行业。对于试图入局即时零售的拼多多而言，这无疑也是个不错的时机。中泰证券研报分析称，始于2008年前后的餐饮外卖的即时零售，在2019年后进入成熟发展阶段，需求场景不断丰富。2020年以来，快递及线下消费受疫情影响，又一次促进了即时零售发展。国家邮政局数据显示，3月，全国快递业务量和业务收入分别同比下降3.1%和4.2%。央视新闻则报道称，3月全国停发快件的快递网点超过2000个。在这种情况下，无需跨省市、依托同城配送的即时零售获得较快发展。据美团数据，3月，美团闪购在北京、深圳、天津等城市的订单量同比增长超70%。这也让线下商家对入驻即时零售平台有强烈愿望。达达集团招股书显示，2019年，全行业中，即时零售在超市等商家中的渗透率为1.4%，预计2023年将提升至10.6%。然而，抓住了天时与地利，并不意味着拼多多胜券在握。时效是即时零售的生命线，但对于没有自营物流、缺乏终端配送能力的拼多多而言，这恰恰是最大的短板。据艾瑞咨询数据，2020年，美团配送市占率为47.2%，阿里旗下的“蜂鸟即配”和“点我达”市占率为20.7%，京东合作的达达快送占据4.1%的市场份额。拼多多则没有专属配送队伍，需商家自己解决配送问题。因此，拼多多即时零售承诺的配送时间长达24小时，在上海地区目前只送到小区门口；而美团、京东等即时零售平台的配送时间多为30分钟到1小时。更致命的“慢半拍”在于，拼多多入场“搅局”之际，阿里、京东、美团早已在即时零售行业布局多年。除了美团买菜，美团旗下的即时零售平台美团闪购已上线3年多。2021年，美团闪购在没有额外流量扶持下，日订单量突破400万单，CFO陈少晖在财报电话会上展望称，闪购未来日订单将破千万。同一年，京东旗下即时零售业态京东到家，合作的门店突破15万家。阿里的同城零售业态盒马鲜生和淘鲜达，则分别诞生于2016年和2017年。错过直播电商红利的拼多多再次姗姗来迟，但新战场与新机遇不容错失。不能输的战争从“Everything Store（万货商店）”变迁至“Everything Now（万物到家）”的未来战场上，拼多多不能缺席，也不能输。即时零售可以简单地理解为外卖配送的升级版，追求时效性，但配送的商品已不局限于餐饮，而是包罗万象。埃森哲《聚焦中国95后消费群体》报告显示，超过50%的95后消费者希望能当天甚至半天就收到商品，7%的消费者希望在两个小时内收到商品。据艾瑞咨询预估，即时零售市场2019-2023年的年复合增速将达到69.5%，到2024年将达到9000亿元的市场规模，是2020年的4.5倍。与之对比，据国家统计局，2021年网上零售增速仅为14.1%。华泰证券甚至在一份研报中预判，这个未来的万亿市场是电商的下半场，将重新定义整个电商行业。对于股价下滑、流量见顶、告别高增长时代的拼多多而言，这一仗不得不打。2021年四个季度，拼多多营收分别为222亿、230亿、214亿元、272亿元，增速显著放缓，其中Q1和Q3两个季度环比下降。截至2021年Q4，拼多多年度活跃买家为8.687亿，环比Q3新增140万，远低于Q1的新增3500万。这也是自2018年7月上市以来，拼多多年度活跃买家数增长最少的一个季度。陈磊在Q4财报电话会上承认，长期保持快速增长已不可能。如何持续服务好现有的8.7亿用户，高速发展的即时零售或许是一个切入口。此外，拼多多发展即时零售，还可以与旗下已具规模的社区团购“多多买菜”形成业务协同。多多买菜的生鲜品类优势可以为即时零售的供货和仓储环节提供助力，多多买菜遍布全国的团长也可兼职成为社区内的送货骑手。这种做法已有先例。4月下旬，美团的社区团购项目美团优选暂停北京地区运营，被合并到美团买菜，其供应链资源、团长及配送能力转而为美团买菜服务。问题在于，拼多多还有后来居上的机会吗？不烧钱，怎么打？本地生活是块人人垂涎的巨大蛋糕，但要想打好这场仗，强大的供应链能力、成熟的配送体系、丰沛的流量入口，以及高黏性的用户群体，缺一不可。对于后黄峥时代的拼多多，利润是个无法回避的关键词。目前即时零售整个行业都处于亏损当中，拼多多入局即时零售，也需要熬过相当一段时间的业务亏损阶段。但是，拼多多已有耗资巨大的“百亿农研专项”计划，2021年二三四季度利润均投入其中。而农业是一个需长期投入、且短期难见效的行业。况且，相比对手们，拼多多本就现金流不充沛。截至2021年末，拼多多现金、现金等价物及短期投资约为929亿元人民币，低于即时零售三巨头阿里（4949亿元）、京东（1853亿元）与美团（1168亿元）。如何在农业投资之余，再挤出资金注入持续亏损的即时零售项目，也是一个难题。目前，即时零售主要有两种模式。阿里的盒马鲜生和天猫超市采取自营模式，京东、美团和新入局的拼多多，则以平台模式为主。所谓平台模式，即平台依托消费者的即时性需求，整合线下门店的商品资源。平台模式对商品质量、配送效率和售后服务的管控能力逊色于自营模式，但好处是避开了自营模式的高投入。拼多多的短板在于，缺乏连接商家和消费者的配送体系。这也意味着，拼多多并无意愿承担持续高企的配送人力成本。但拼多多省下的成本不会凭空消失，而是落到了提供配送服务的线下门店头上。据《IT时报》援引业内人士说法称，一个大型超市要想覆盖10公里的片区，需要配备近百名专职骑手，每月支出近百万元。即使在单量充足的情况下，这仍然极大地蚕食了实体店本就微薄的利润空间。规模相对较小的便利店和社区商店，更难以支撑配送带来的人力成本。这意味着，面对京东、美团等入驻门槛更低、服务体系更完善的竞争对手，拼多多对商户的吸引力并不大。截至2021年9月，美团闪购覆盖的城镇数量达到2800个，合作社区生鲜店超1.5万家、菜市场超3万家、连锁商超逾150家。拼多多想从美团的盘中夺食，不是件容易的事。美团尚未覆盖的空白市场，会是拼多多撕开裂口的机遇窗口吗？据华泰证券2月研报，即时零售正在由一二线向低线城市下沉，而拼多多的基本盘正是下沉市场。但难题仍在：拼多多的客群对价格较敏感，即时零售主打时效，很难做到极致性价比。又一道异常艰难的必考题摆在了拼多多面前。这一次，陈磊会交出什么样的答卷？","news_type":1,"symbols_score_info":{"PDD":0.9}},"isVote":1,"tweetType":1,"viewCount":2609,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3522054114320634","authorId":"3522054114320634","name":"renyi122","avatar":"https://static.tigerbbs.com/9eb84dd80d4a7247aa54a20a74c9fa8f","crmLevel":1,"crmLevelSwitch":1,"idStr":"3522054114320634","authorIdStr":"3522054114320634"},"content":"拼多多可以的","text":"拼多多可以的","html":"拼多多可以的"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":477905928818808,"gmtCreate":1757686482733,"gmtModify":1757686484852,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493041815189173","authorIdStr":"3493041815189173"},"themes":[],"htmlText":"当然看好阿里啊，达子市值都多大了，还有多少成长性？阿里量产以后你觉得天朝还可能再用米国货吗？？","listText":"当然看好阿里啊，达子市值都多大了，还有多少成长性？阿里量产以后你觉得天朝还可能再用米国货吗？？","text":"当然看好阿里啊，达子市值都多大了，还有多少成长性？阿里量产以后你觉得天朝还可能再用米国货吗？？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/477905928818808","isVote":1,"tweetType":1,"viewCount":2789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":621687876,"gmtCreate":1672242102295,"gmtModify":1672242103359,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493041815189173","authorIdStr":"3493041815189173"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a><v-v data-views=\"1\"></v-v>给自己百亿补贴？好便宜加上。疫情+Temu用户增长+美通胀，全都是利好消息.。坐等新一**力反弹","listText":"<a href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$&nbsp;</a><v-v data-views=\"1\"></v-v>给自己百亿补贴？好便宜加上。疫情+Temu用户增长+美通胀，全都是利好消息.。坐等新一**力反弹","text":"$拼多多(PDD)$ 给自己百亿补贴？好便宜加上。疫情+Temu用户增长+美通胀，全都是利好消息.。坐等新一**力反弹","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/621687876","isVote":1,"tweetType":1,"viewCount":3786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":611567096,"gmtCreate":1650548259320,"gmtModify":1650548326456,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493041815189173","authorIdStr":"3493041815189173"},"themes":[],"htmlText":"中概都是中国top级企业，买中概就是信国运","listText":"中概都是中国top级企业，买中概就是信国运","text":"中概都是中国top级企业，买中概就是信国运","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/611567096","repostId":"1116074978","repostType":2,"repost":{"id":"1116074978","kind":"news","pubTimestamp":1650547913,"share":"https://www.laohu8.com/m/news/1116074978?lang=zh_CN&edition=full","pubTime":"2022-04-21 21:31","market":"sh","language":"zh","title":"证监会副主席方星海回应中概股相关问题","url":"https://stock-news.laohu8.com/highlight/detail?id=1116074978","media":"新华财经","summary":"相信不确定性很快就会消除。","content":"<html><head></head><body><p>证监会副主席方星海回应中概股下跌问题时表示，中美审计监管问题是核心，需要做一些安排，找到一个合情合理的安排不是简单的事，但双方团队每周都开会商谈，相信这个不确定性很快就会消除。（新华财经）</p></body></html>","source":"lsy1593695801475","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>证监会副主席方星海回应中概股相关问题</title>\n<style 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href=\"https://bm.cnfic.com.cn/sharing/share/articleDetail/2748734/1\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ea6c8d2de9134ace7d2e624d9ea72f29","relate_stocks":{"BK4526":"热门中概股","CQQQ":"中国科技指数ETF-Guggenheim"},"source_url":"https://bm.cnfic.com.cn/sharing/share/articleDetail/2748734/1","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116074978","content_text":"证监会副主席方星海回应中概股下跌问题时表示，中美审计监管问题是核心，需要做一些安排，找到一个合情合理的安排不是简单的事，但双方团队每周都开会商谈，相信这个不确定性很快就会消除。（新华财经）","news_type":1,"symbols_score_info":{"CQQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":2341,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568540247200871","authorId":"3568540247200871","name":"黄颖huangying","avatar":"https://static.tigerbbs.com/477d64f7b724ca11a43d6e0f92c07762","crmLevel":2,"crmLevelSwitch":0,"idStr":"3568540247200871","authorIdStr":"3568540247200871"},"content":"那你就买吧","text":"那你就买吧","html":"那你就买吧"},{"author":{"id":"3460824243893799","authorId":"3460824243893799","name":"Jet2017","avatar":"https://static.tigerbbs.com/440beaba18078db3c0c9976ad2baa925","crmLevel":5,"crmLevelSwitch":0,"idStr":"3460824243893799","authorIdStr":"3460824243893799"},"content":"你也没买？","text":"你也没买？","html":"你也没买？"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":623947192,"gmtCreate":1671016610016,"gmtModify":1671016610638,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493041815189173","authorIdStr":"3493041815189173"},"themes":[],"htmlText":"<a 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PDD几大利好还未出尽，这几天被大盘拖累，破百应该不会太遥远","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/629811899","isVote":1,"tweetType":1,"viewCount":8135,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3543619122303034","authorId":"3543619122303034","name":"八猫大仙","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3543619122303034","authorIdStr":"3543619122303034"},"content":"它敢跌我就敢买","text":"它敢跌我就敢买","html":"它敢跌我就敢买"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":665210494,"gmtCreate":1667297289218,"gmtModify":1667297291004,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493041815189173","authorIdStr":"3493041815189173"},"themes":[],"htmlText":"早就说过了，et5和et7火爆程度远超过预期，蔚来现在的股价简直是白菜价","listText":"早就说过了，et5和et7火爆程度远超过预期，蔚来现在的股价简直是白菜价","text":"早就说过了，et5和et7火爆程度远超过预期，蔚来现在的股价简直是白菜价","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/665210494","repostId":"1146480831","repostType":4,"repost":{"id":"1146480831","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":1667295099,"share":"https://www.laohu8.com/m/news/1146480831?lang=zh_CN&edition=full","pubTime":"2022-11-01 17:31","market":"us","language":"zh","title":"蔚来：10月交付量为10059辆，同比增长174.3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1146480831","media":"老虎资讯综合","summary":"11月1日，蔚来汽车公告，10月交付量为10059辆，同比增长174.3%；今年累计交付了92,493辆汽车，同比增长32.0%。截至2022年10月31日，蔚来汽车累计交付量达到259,563辆。","content":"<html><head></head><body><p>11月1日，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车公告，10月交付量为10059辆，同比增长174.3%；今年累计交付了92,493辆汽车，同比增长32.0%。截至2022年10月31日，<a href=\"https://laohu8.com/S/NIO.SI\">蔚来</a>汽车累计交付量达到259,563辆。<img src=\"https://static.tigerbbs.com/7ab5cca95dab171900a0d3e8c96ef8fe\" tg-width=\"798\" tg-height=\"768\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/7f4cf277f27ecdd522f21adb7fff3c93\" tg-width=\"1529\" tg-height=\"3310\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>蔚来：10月交付量为10059辆，同比增长174.3%</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; 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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\">2022-11-01 17:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>11月1日，<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车公告，10月交付量为10059辆，同比增长174.3%；今年累计交付了92,493辆汽车，同比增长32.0%。截至2022年10月31日，<a href=\"https://laohu8.com/S/NIO.SI\">蔚来</a>汽车累计交付量达到259,563辆。<img src=\"https://static.tigerbbs.com/7ab5cca95dab171900a0d3e8c96ef8fe\" tg-width=\"798\" tg-height=\"768\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/7f4cf277f27ecdd522f21adb7fff3c93\" tg-width=\"1529\" tg-height=\"3310\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f36b37eb8e9efe8641c7be55a7da26d","relate_stocks":{"EVS.SI":"MSCI China Electric Vehicles and Future Mobility 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07:45","market":"us","language":"zh","title":"《黑天鹅》作者：英伟达周一暴跌只是开始，未来回调幅度可能是两、三倍","url":"https://stock-news.laohu8.com/highlight/detail?id=2507231165","media":"全天候科技","summary":"《黑天鹅》一书的作者Nassim Taleb表示，周一英伟达遭遇的17%惨痛抛售，只是一个开始，考虑到行业风险，周一英伟达的下跌幅度实际上非常小。人们开始适应现实，他们现在意识到，已经不再是完美无缺的了。","content":"<html><head></head><body><p>《黑天鹅》一书的作者Nassim Taleb在最新接受彭博社对话时警告称，投资者盲目追逐华尔街AI热潮面临风险，<strong>周一<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>遭遇的17%惨痛抛售，只是一个开始，未来的回调幅度可能是17%跌幅的两倍甚至三倍：</strong></p><blockquote><p>这只是开始，是人们开始适应现实。因为他们现在意识到，已经不再是完美无缺的了——玻璃杯上有了小缺口。</p><p>到目前为止，投资者都过于关注一种叙事：随着英伟达保持在AI领域的主导地位，该公司的股价将持续上涨。然而考虑到行业风险，周一英伟达的下跌幅度实际上非常小。</p></blockquote><p>英伟达周一的暴跌令其市值抹去了5890亿美元，为美股有史以来最大。周二，英伟达盘中大幅反弹。</p><p>Taleb因畅销书《黑天鹅》闻名，这本书探讨了罕见和难以预测事件的极端影响。他目前担任Universa Investments的科学顾问，这是一家专注于尾部风险对冲的基金，提供类似保险的策略，帮助投资者保护投资组合免受剧烈市场波动的冲击。</p><p>Taleb以前是期权交易员，在业内以悲观的预言而著称，但他的预言并非次次应验。例如2023年初，他曾警告许多投资者尚未为高利率时代做好准备，资产可能不再像疯了一样地膨胀。但自那以来，受AI投资狂热的推动，美股大幅飙升。</p><p>不过，Taleb和Universa Investments并非主张投资者完全撤离市场，从而错过潜在的涨势，而是建议在投资组合中配置一部分资产用于防范突发冲击。</p><p>Taleb表示，太多投资者盲目推高与AI相关公司的股价，而他们实际上并不了解这项技术的运作方式或如何成功。他形容科技公司为“灰天鹅”，因为市场往往低估了这些股票可能出现的巨大日内波动。</p><p>Taleb还再次强调他对美国债务不可持续的担忧。他警告称，如果劳动力成本上升与激进的关税政策结合，可能会引发“通胀爆发”，并认为考虑到这种风险，美国债券市场并不是明智的投资标的。</p><p></p></body></html>","source":"awtmt_stock","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>《黑天鹅》作者：英伟达周一暴跌只是开始，未来回调幅度可能是两、三倍</title>\n<style 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}\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n《黑天鹅》作者：英伟达周一暴跌只是开始，未来回调幅度可能是两、三倍\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-29 07:45 北京时间&nbsp;&nbsp;&nbsp;<a href=https://api.jianyuweb.com/apiv1/content/articles/3740173?extract=1><strong>全天候科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>《黑天鹅》一书的作者Nassim Taleb在最新接受彭博社对话时警告称，投资者盲目追逐华尔街AI热潮面临风险，周一英伟达遭遇的17%惨痛抛售，只是一个开始，未来的回调幅度可能是17%跌幅的两倍甚至三倍：这只是开始，是人们开始适应现实。因为他们现在意识到，已经不再是完美无缺的了——玻璃杯上有了小缺口。到目前为止，投资者都过于关注一种叙事：随着英伟达保持在AI领域的主导地位，该公司的股价将持续上涨。...</p>\n\n<a href=\"https://api.jianyuweb.com/apiv1/content/articles/3740173?extract=1\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7308276753c5ff6ceaac8e2cceebffd3","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://api.jianyuweb.com/apiv1/content/articles/3740173?extract=1","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2507231165","content_text":"《黑天鹅》一书的作者Nassim Taleb在最新接受彭博社对话时警告称，投资者盲目追逐华尔街AI热潮面临风险，周一英伟达遭遇的17%惨痛抛售，只是一个开始，未来的回调幅度可能是17%跌幅的两倍甚至三倍：这只是开始，是人们开始适应现实。因为他们现在意识到，已经不再是完美无缺的了——玻璃杯上有了小缺口。到目前为止，投资者都过于关注一种叙事：随着英伟达保持在AI领域的主导地位，该公司的股价将持续上涨。然而考虑到行业风险，周一英伟达的下跌幅度实际上非常小。英伟达周一的暴跌令其市值抹去了5890亿美元，为美股有史以来最大。周二，英伟达盘中大幅反弹。Taleb因畅销书《黑天鹅》闻名，这本书探讨了罕见和难以预测事件的极端影响。他目前担任Universa Investments的科学顾问，这是一家专注于尾部风险对冲的基金，提供类似保险的策略，帮助投资者保护投资组合免受剧烈市场波动的冲击。Taleb以前是期权交易员，在业内以悲观的预言而著称，但他的预言并非次次应验。例如2023年初，他曾警告许多投资者尚未为高利率时代做好准备，资产可能不再像疯了一样地膨胀。但自那以来，受AI投资狂热的推动，美股大幅飙升。不过，Taleb和Universa Investments并非主张投资者完全撤离市场，从而错过潜在的涨势，而是建议在投资组合中配置一部分资产用于防范突发冲击。Taleb表示，太多投资者盲目推高与AI相关公司的股价，而他们实际上并不了解这项技术的运作方式或如何成功。他形容科技公司为“灰天鹅”，因为市场往往低估了这些股票可能出现的巨大日内波动。Taleb还再次强调他对美国债务不可持续的担忧。他警告称，如果劳动力成本上升与激进的关税政策结合，可能会引发“通胀爆发”，并认为考虑到这种风险，美国债券市场并不是明智的投资标的。","news_type":1,"symbols_score_info":{"NVDA":1.1}},"isVote":1,"tweetType":1,"viewCount":1848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":393310542930480,"gmtCreate":1737065103550,"gmtModify":1737065105993,"author":{"id":"3493041815189173","authorId":"3493041815189173","name":"gdudhfjjfjzh","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3493041815189173","authorIdStr":"3493041815189173"},"themes":[],"htmlText":"新iPhone国行AI等功能被阉割，海外版畅销，销量当然没有被统计在国内。。","listText":"新iPhone国行AI等功能被阉割，海外版畅销，销量当然没有被统计在国内。。","text":"新iPhone国行AI等功能被阉割，海外版畅销，销量当然没有被统计在国内。。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/393310542930480","repostId":"2503840629","repostType":2,"repost":{"id":"2503840629","kind":"news","pubTimestamp":1736996100,"share":"https://www.laohu8.com/m/news/2503840629?lang=zh_CN&edition=full","pubTime":"2025-01-16 10:55","market":"us","language":"zh","title":"苹果四季度在华销量暴跌25%，华为距离登顶仅一步之遥！","url":"https://stock-news.laohu8.com/highlight/detail?id=2503840629","media":"智通财经","summary":"苹果在此期间在中国的出货量为 1310 万台。","content":"<html><head></head><body><p>研究公司 Canalys 的数据显示，2024 年第四季度，<a href=\"https://laohu8.com/S/AAPL\">苹果</a>在中国的智能手机出货量暴跌 25%，iPhone 制造商在其全球最大的市场之一面临着华为复苏带来的越来越大的压力。</p><p>根据 Canalys 周四发布的数据，苹果在此期间在中国的出货量为 1310 万台，以 17% 的份额勉强保持市场领先地位。</p><p>Canalys 的数据显示，华为占据了 17% 的市场份额，出货量为 1290 万台，与苹果并列市场领先地位。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/182e0d019d9ed8b96945ce965d9553b7\" tg-width=\"1507\" tg-height=\"1437\"/></p><p>华为第四季度出货量增长了 24%，自 2023 年 8 月凭借本土制造的芯片组重返高端市场以来，它已成为一个特别强劲的挑战者。</p><p>在竞争压力不断加大的情况下，苹果采取罕见的折扣措施来刺激销售。该公司于 1 月 4 日至 7 日在中国开展了为期四天的促销活动，通过官方渠道对 iPhone 16 机型进行最高 500 元人民币(68.5 美元)的降价。</p><p>中国各大电商平台也纷纷效仿，推出了各自的促销活动。<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>旗下的天猫商城宣布，iPhone 15 系列设备最高可享受 1,000 元人民币(137 美元)的折扣。</p><p>Canalys 分析师 Amber Liu 表示：“虽然苹果及其 iPhone 15 系列在第四季度保持了领先地位，但面临着来自国产旗舰设备越来越大的压力。”</p><p>除了季节性促销之外，苹果还通过改善零售体验、以旧换新计划和扩大免息分期付款计划来增强其在中国高端市场的竞争地位和用户保留率。”</p><p>2024年中国智能手机年出货量将同比增长4%至2.85亿部。</p></body></html>","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>苹果四季度在华销量暴跌25%，华为距离登顶仅一步之遥！</title>\n<style 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href=\"http://www.zhitongcaijing.com/content/detail/1238464.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f2d6b2f654f9b77960ce3f7edcb3a947","relate_stocks":{"AAPL":"苹果"},"source_url":"http://www.zhitongcaijing.com/content/detail/1238464.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2503840629","content_text":"研究公司 Canalys 的数据显示，2024 年第四季度，苹果在中国的智能手机出货量暴跌 25%，iPhone 制造商在其全球最大的市场之一面临着华为复苏带来的越来越大的压力。根据 Canalys 周四发布的数据，苹果在此期间在中国的出货量为 1310 万台，以 17% 的份额勉强保持市场领先地位。Canalys 的数据显示，华为占据了 17% 的市场份额，出货量为 1290 万台，与苹果并列市场领先地位。华为第四季度出货量增长了 24%，自 2023 年 8 月凭借本土制造的芯片组重返高端市场以来，它已成为一个特别强劲的挑战者。在竞争压力不断加大的情况下，苹果采取罕见的折扣措施来刺激销售。该公司于 1 月 4 日至 7 日在中国开展了为期四天的促销活动，通过官方渠道对 iPhone 16 机型进行最高 500 元人民币(68.5 美元)的降价。中国各大电商平台也纷纷效仿，推出了各自的促销活动。阿里巴巴旗下的天猫商城宣布，iPhone 15 系列设备最高可享受 1,000 元人民币(137 美元)的折扣。Canalys 分析师 Amber Liu 表示：“虽然苹果及其 iPhone 15 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$中国海外互联网ETF-KraneShares(KWEB)$ $拼多多(PDD)$ 中概和港股这轮不正常的超跌，可能快要结束了，做空要小心了，因为消费数字和经济预期不可能低于open之前","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/658388887","isVote":1,"tweetType":1,"viewCount":7900,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4121498514108840","authorId":"4121498514108840","name":"__1253_1258","avatar":"https://static.tigerbbs.com/651c0637b1d65f537e4d3f0185a9bead","crmLevel":1,"crmLevelSwitch":0,"idStr":"4121498514108840","authorIdStr":"4121498514108840"},"content":"大佬，能不能帮忙分析分析 [流泪] [流泪] [流泪]","text":"大佬，能不能帮忙分析分析 [流泪] [流泪] [流泪]","html":"大佬，能不能帮忙分析分析 [流泪] [流泪] 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