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likemm
北美(qiong)留学生 marketing major
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likemm
2020-11-11
这篇文章不错,转发给大家看看
什么情况?五大互联网科技巨头一天狂泻4300亿!
likemm
2020-09-09
这篇文章不错,转发给大家看看
@少则得多则惑:
$特斯拉(TSLA)$
$特斯拉(TSLA)$ 特斯拉在9月4日的一份监管文件中披露,其董事会成员凯瑟琳·威尔逊-汤普森(Kathleen Wilson-Thompson)周一行使期权以每股44.95美元的价格买入12500股股票,然后即刻以超过10倍的价格卖出,获利500多万美元,并且成功地躲过了之后股价连续三个交易日的下跌。周四晚些时候,特斯拉还披露了内部人士杰罗姆·吉伦(Jerome Guillen)的交易,这笔交易让他赚了约640万美元。文件显示,吉伦在9月1日以51.64美元的价格收购了1.5万股,这是2月20日通过的交易计划的一部分。同一天,他以479.00美元的加权平均价格卖出了15000股。此次拍卖通过一系列交易完成,价格从471.33美元到502.01美元不等。吉伦于2010年11月加入特斯拉,自2018年9月起担任特斯拉汽车公司总裁。马斯克的弟弟两天收益6.5倍埃隆·马斯克(Elon Musk)的弟弟金巴尔(Kimbal)本周行使了购买特斯拉股票的期权,似乎赚了800多万美元。两天前,他以买价的6.5倍出售了这些股票。对董事会成员金巴尔来说,时机很好,因为周二的股票出售已经完成,其中一些交易的执行价格超过了周一498.32美元的创纪录收盘价。该股周五大幅反弹,收于418.32美元,上涨2.8%,扭转了此前高达8.6%的跌幅。根据周四晚些时候向美国证券交易委员会提交的一份表格数据计算,9月1日,金巴尔·马斯克以大约482.59美元的加权平均价格售出了36375股特斯拉股票。文件显示,多笔交易的价格在471.33美元到502.01美元之间。这与杰罗姆·吉伦的卖出执行的价格范围相同。
likemm
2020-09-08
这篇文章不错,转发给大家看看
抱歉,原内容已删除
likemm
2020-08-28
$腾讯控股(00700)$
咋回事啊?吃瓜
likemm
2020-08-27
这篇文章不错,转发给大家看看
抱歉,原内容已删除
likemm
2020-08-11
。
@阿鑫No1:从利润表讲起:拼多多和淘宝这些电商平台,有哪些营业成本?
likemm
2020-08-06
$美团点评-W(03690)$
大盘都绿 就你红 🐂啊
likemm
2020-02-25
$蔚来(NIO)$
有人能讲一下怎么申保证金账户吗..我刚满21..谢谢🙏
likemm
2020-02-21
$AMD(AMD)$
今天刚入手 可以吗?
likemm
2020-02-21
$特斯拉(TSLA)$
感觉特斯拉不同的一点是 它的营销手段和传统汽车公司不一样 传统汽车公司都是承销或者直营4S店进行销售 但特斯拉的销售方式是和房地产开放商或者商场开发商有合作 在商场内建立小的店铺专区 这样的好处一个是受众群体比较广 毕竟很多人会经常去mall购物吃饭消费 一个是公司会比较亲民 让顾客觉得很能理解和体会到产品的特点 这样算是特斯拉不同于其他车企的一个优点和长期可持续发展的一个关键因素
likemm
2020-02-14
$阿里巴巴(BABA)$
盒马生鲜和天猫超市都值得去投资 虽然最近病毒 但线上发展还是很好的 长期看好
likemm
2020-02-14
$切萨皮克能源(CHK)$
这是要退市了??
likemm
2020-02-05
$阿里巴巴(BABA)$
阿里冲冲冲
likemm
2019-11-12
其实我觉得和营销手段也有关系 像特斯拉 在国内国外都会和一些大型商场国内是地产企业合作 在开发mall的时候安插特斯拉的专卖店 算是个很好的推广手段
抱歉,原内容已删除
likemm
2019-11-06
$Shake Shack Inc(SHAK)$
我们学校附近的shake shack都没人吃啊(听说在上海都要排队
likemm
2019-08-04
$中烟香港(06055)$
什么时候还能上车呀ㅠ
likemm
2019-08-02
$普拉达(01913)$
万绿丛中一点红 respect
likemm
2019-07-31
1
抱歉,原内容已删除
likemm
2019-07-30
$特斯拉(TSLA)$
📈🐝🌶️
likemm
2019-07-29
$优步(UBER)$
这个跳水也太刺激了吧!
去老虎APP查看更多动态
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18:15","market":"hk","language":"zh","title":"什么情况?五大互联网科技巨头一天狂泻4300亿!","url":"https://stock-news.laohu8.com/highlight/detail?id=1199537706","media":"券商中国","summary":"暴跌又至,这次“对准”是互联网科技巨头!今日早盘,港股市场大幅高开,不过,对于港股市场的互联网科技巨头来说,并不是一个好的开始。年度超级大牛股美团盘中一度超跌13%,京东集团跌超10%,6万亿腾讯也一","content":"<p>暴跌又至,这次“对准”是互联网科技巨头!</p><p>今日早盘,港股市场大幅高开,不过,对于港股市场的互联网科技巨头来说,并不是一个好的开始。年度超级大牛股美团盘中一度超跌13%,<a href=\"https://laohu8.com/S/09618\">京东集团</a>跌超10%,6万亿<a href=\"https://laohu8.com/S/00700\">腾讯</a>也一度暴跌超6%。做空情绪高涨,即使恒生指数以1.1%收涨,互联网科技巨头亦是大幅收跌。</p><p>截至收盘,港股五大科技股全线暴跌,一天蒸发市值接近4300亿人民币,具体来看,<a href=\"https://laohu8.com/S/03690\">美团</a>跌10.5%,京东跌8.78%,<a href=\"https://laohu8.com/S/09988\">阿里巴巴</a>跌5.1%,腾讯跌4.42%,<a href=\"https://laohu8.com/S/01810\">小米集团</a>跌4.31%。市场分析认为,这或许与市场监管总局发布的《关于平台经济领域的反垄断指南(征求意见稿)》有关,中国互联网反垄断监管将迎来有力工具。</p><p><img src=\"https://static.tigerbbs.com/bb7b452648fc481f66a9cdc34ae50495\" tg-width=\"726\" tg-height=\"695\"></p><p><b>11月10日早8点,市场监管总局发布《关于平台经济领域的反垄断指南(征求意见稿)》公开征求意见的公告。这是近期市场监管总局已经公布了《经营者集中审查暂行规定》《规范促销行为暂行规定》《关于加强网络直播营销活动监管的指导意见》之后,对于互联网平台企业加强监管的又一重磅文件。</b></p><p>征求意见稿内容涉及广受批评的“二选一”、“大数据杀熟”、“搭售”的界定等,也对经营者集中的申报标准予以营业额和VIE的特别考量,实现了互联网平台经济领域反垄断相关法律规范的新突破,主要有五大看点。</p><p><img src=\"https://static.tigerbbs.com/112d92706064de30152a39eab7862955\" tg-width=\"1031\" tg-height=\"637\"></p><p></p><p></p><p><b>1</b></p><p><b>看点一:奠定了平台经济领域竞争评估的基本概念框架</b></p><p><b>征求意见稿共分六章24条,有针对性地对《反垄断法》的相关制度进行了细化,以更好地指导平台经济反垄断执法。</b></p><p>华东政法大学竞争法研究中心执行主任钟刚对券商中国记者表示,该意见稿澄清和确认了很多平台经济领域的基础性概念,包括平台、平台经济、平台经营者等,以及相关市场的具体参考因素,规定可以不明确界定相关市场的情形,奠定了法律视角下平台经济领域竞争评估的基本概念框架。</p><p>“指南是指导性文件,作用在于更好地指引执法机构按照指南中的细化内容去实际实施《反垄断法》中的落地事由,不具有强制性。”钟刚说,最终评估经营者的权利义务还是要根据《反垄断法》的规定。征求意见稿对企业合规确实提出新的要求,但从专业角度来说没有本质改变法律的要求,只是在具体实施中提出了呼吁和要求,还并没有转换成法律层面的义务。今天市场对平台发展的担心并不一定反映了真实情况。</p><p><b>2</b></p><p><b>看点二:对“二选一”、“大数据杀熟”、“搭售”等作出具体表述</b></p><p>对于具有市场支配地位的经营者从事滥用市场支配地位行为予以规制是该文件的最大看点。</p><p>文件的第三章,明确了市场支配地位分析认定依据,并对“不公平价格行为”、“低于成本销售”、“拒绝交易”、“限定交易”、“搭售或者附加不合理交易条件”以及“差别待遇”等行为的认定进行了场景化的细化。</p><p>对于普通消费者更为关注的“大数据杀熟”,征求意见稿在滥用市场支配地位行为的“差别待遇”部分明确,具有市场支配地位的平台经济领域经营者,可能滥用市场支配地位,无正当理由对交易条件相同的交易相对人实施差别待遇,排除、限制市场竞争。分析是否构成差别待遇,考虑以下因素:一是基于大数据和算法,根据交易相对人的支付能力、消费偏好、使用习惯等,实行差异性交易价格或者其他交易条件;二是基于大数据和算法,对新老交易相对人实行差异性交易价格或者其他交易条件;三是实行差异性标准、规则、算法;四是实行差异性付款条件和交易方式。</p><p>“不过,征求意见稿也规定,如果平台经营者是针对新用户的首次交易在合理期限内开展的优惠活动,则可以不被认定为差别待遇行为。”中国社会科学院大学竞争法研究中心研究团队在解读这份文件时表示。</p><p>“搭售”是普通消费者的另一困扰。征求意见稿列举了五类可被认定构成搭售或者附加不合理交易条件的行为,包括利用格式条款、弹窗、操作必经步骤等交易相对人无法选择、更改、拒绝的方式,将不同商品进行捆绑销售;以搜索降权、流量限制、技术障碍等惩罚性措施,强制交易相对人接受其他商品等。</p><p>对于引起了各界的广泛关注和讨论的“二选一”的矛盾。本次征求意见稿中,限定交易的规定就是旨在明确这一问题的判定依据。征求意见稿规定,分析是否构成限定交易,重点考虑以下两种情形。一是平台经营者通过搜索降权、流量限制、技术障碍、扣取保证金等惩罚性措施实施的限制,因对市场竞争和消费者利益产生直接损害,一般可认定构成限定交易行为。二是平台经营者通过补贴、折扣、优惠、流量资源支持等激励性方式实施的限制,可能对平台内经营者、消费者利益和社会整体福利具有一定积极效果,但如果对市场竞争产生明显的排除、限制影响,也可能被认定构成限定交易行为。</p><p><b>所谓“二选一”,是指一些电商要求入驻商家只能在该平台提供商品或服务,不得同时在其他平台经营。</b></p><p>钟刚指出,文件特别明确细化了平台经济领域经营者滥用市场支配地位行为的规制,细分了不同的滥用行为主义进行解释和列举,包括大数据杀熟、必需设施理论的适用问题、正当理由的认定问题等,对实践有很高的指导价值。同时,可以看到,文件对垄断行为进行场景化的细化,已经涉及到数据、技术和算法等对协议行为认定的冲击和具体形式的改变。</p><p><b>3</b></p><p><b>看点三:对经营者集中的申报标准予以营业额和VIE的特别考量</b></p><p>征求意见稿明确,对于仅提供信息匹配、收取佣金的平台经营者,可以平台所收取的服务费及平台其他收入计算营业额;对于具体参与平台一侧市场竞争的平台经营者,可以平台所涉交易金额及平台其他收入计算营业额。征求意见稿也将涉及协议控制(VIE)架构的经营者集中也纳入经营者集中反垄断审查的范围。</p><p>中国社会科学院大学竞争法研究中心研究团队认为,由于平台经济商业模式的特殊性,决定其营业额等可能很低,无法达到经营者集中申报的标准,但这种集中却又会对相关市场的竞争产生明显的排除、限制效果。此次征求意见稿也有针对性地作出了专门规定。例如,当参与集中的一方经营者为初创企业、新兴平台,或者参与集中的经营者因采取免费或者低价模式导致营业额较低,等等,在这些情形下,虽然集中未达到申报标准,但如果具有或可能具有排除、限制竞争效果,此时反垄断执法机构仍然可以依法进行调查处理。这适应了互联网行业的特点,能够更好地对平台经济领域经营者集中进行有效规制。</p><p>钟刚表示,我们在评估的一个相关市场的时候,首先要判断经营者集中的门槛,达到多少经营额才符合经营者集中的要求,营业额就是其中的一个核心标准。但是在很多平台经济的情况下,现在很多都是提供免费服务的,甚至本身是没有营业额的,因此需要特别考量。</p><p>“VIE的话是因为我们国内原来做外资在海外上市的时候,我们都有VIE架构,它在国内是一个灰色地带,我们的经营者集中如果一旦认可VIE需要进行申报,那就是变相在认可VIE架构的合法性。所以这种情况市场监管总局一直非常谨慎,但在今年4月份,我国已经立案了一个涉及到VIE架构的经营者集中的案件,因此本次文件只是做出一个肯定。但是本质上来说对VIE的合法性与否,这个恐怕不是一个文件能解决的问题。” 钟刚说。</p><p><b>4</b></p><p><b>看点四:特定个案可直接认定平台经济领域经营者实施垄断行为</b></p><p>对于平台经济领域滥用市场支配地位案件,相关市场界定通常是认定经营者滥用市场支配地位行为的第一步。</p><p>征求意见稿规定,在特定个案中,如果直接事实证据充分,只有依据市场支配地位才能实施的行为持续了相当长时间且损害效果明显,准确界定相关市场条件不足或非常困难,可以不界定相关市场,直接认定平台经济领域经营者实施了垄断行为。</p><p>中国社会科学院大学竞争法研究中心研究团队表示,这实际上突破了传统滥用市场支配地位案件中的“相关市场界定——市场支配地位认定——滥用的认定”的模式,以解决互联网行业中明显的滥用行为很难依据传统认定模式被查处的问题。</p><p><b>5</b></p><p><b>看点五:对公平竞争和行政垄断问题也做了相应规定</b></p><p>征求意见稿还对平台经济领域内的滥用行政权力排除、限制竞争行为的具体表现作出规定,列举了六类构成滥用行政权力排除、限制竞争行为的情形。包括:限定或者变相限定单位或者个人经营、购买、使用其指定的平台经济领域经营者提供的商品,或者其他经营者提供的与平台服务相关的商品等。</p><p>征求意见稿也强调,要求行政机关制定涉及平台经济领域市场主体活动的规章等时,应当进行公平竞争审查。</p><p>钟刚表示,对公平竞争和行政垄断问题的相应规定,有力地呼应了文件中所提到的反垄断监管原则。</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\" 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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什么情况?五大互联网科技巨头一天狂泻4300亿!\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">券商中国 </p>\n<p class=\"h-time\">2020-11-10 18:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>暴跌又至,这次“对准”是互联网科技巨头!</p><p>今日早盘,港股市场大幅高开,不过,对于港股市场的互联网科技巨头来说,并不是一个好的开始。年度超级大牛股美团盘中一度超跌13%,<a href=\"https://laohu8.com/S/09618\">京东集团</a>跌超10%,6万亿<a href=\"https://laohu8.com/S/00700\">腾讯</a>也一度暴跌超6%。做空情绪高涨,即使恒生指数以1.1%收涨,互联网科技巨头亦是大幅收跌。</p><p>截至收盘,港股五大科技股全线暴跌,一天蒸发市值接近4300亿人民币,具体来看,<a href=\"https://laohu8.com/S/03690\">美团</a>跌10.5%,京东跌8.78%,<a href=\"https://laohu8.com/S/09988\">阿里巴巴</a>跌5.1%,腾讯跌4.42%,<a href=\"https://laohu8.com/S/01810\">小米集团</a>跌4.31%。市场分析认为,这或许与市场监管总局发布的《关于平台经济领域的反垄断指南(征求意见稿)》有关,中国互联网反垄断监管将迎来有力工具。</p><p><img src=\"https://static.tigerbbs.com/bb7b452648fc481f66a9cdc34ae50495\" tg-width=\"726\" tg-height=\"695\"></p><p><b>11月10日早8点,市场监管总局发布《关于平台经济领域的反垄断指南(征求意见稿)》公开征求意见的公告。这是近期市场监管总局已经公布了《经营者集中审查暂行规定》《规范促销行为暂行规定》《关于加强网络直播营销活动监管的指导意见》之后,对于互联网平台企业加强监管的又一重磅文件。</b></p><p>征求意见稿内容涉及广受批评的“二选一”、“大数据杀熟”、“搭售”的界定等,也对经营者集中的申报标准予以营业额和VIE的特别考量,实现了互联网平台经济领域反垄断相关法律规范的新突破,主要有五大看点。</p><p><img src=\"https://static.tigerbbs.com/112d92706064de30152a39eab7862955\" tg-width=\"1031\" tg-height=\"637\"></p><p></p><p></p><p><b>1</b></p><p><b>看点一:奠定了平台经济领域竞争评估的基本概念框架</b></p><p><b>征求意见稿共分六章24条,有针对性地对《反垄断法》的相关制度进行了细化,以更好地指导平台经济反垄断执法。</b></p><p>华东政法大学竞争法研究中心执行主任钟刚对券商中国记者表示,该意见稿澄清和确认了很多平台经济领域的基础性概念,包括平台、平台经济、平台经营者等,以及相关市场的具体参考因素,规定可以不明确界定相关市场的情形,奠定了法律视角下平台经济领域竞争评估的基本概念框架。</p><p>“指南是指导性文件,作用在于更好地指引执法机构按照指南中的细化内容去实际实施《反垄断法》中的落地事由,不具有强制性。”钟刚说,最终评估经营者的权利义务还是要根据《反垄断法》的规定。征求意见稿对企业合规确实提出新的要求,但从专业角度来说没有本质改变法律的要求,只是在具体实施中提出了呼吁和要求,还并没有转换成法律层面的义务。今天市场对平台发展的担心并不一定反映了真实情况。</p><p><b>2</b></p><p><b>看点二:对“二选一”、“大数据杀熟”、“搭售”等作出具体表述</b></p><p>对于具有市场支配地位的经营者从事滥用市场支配地位行为予以规制是该文件的最大看点。</p><p>文件的第三章,明确了市场支配地位分析认定依据,并对“不公平价格行为”、“低于成本销售”、“拒绝交易”、“限定交易”、“搭售或者附加不合理交易条件”以及“差别待遇”等行为的认定进行了场景化的细化。</p><p>对于普通消费者更为关注的“大数据杀熟”,征求意见稿在滥用市场支配地位行为的“差别待遇”部分明确,具有市场支配地位的平台经济领域经营者,可能滥用市场支配地位,无正当理由对交易条件相同的交易相对人实施差别待遇,排除、限制市场竞争。分析是否构成差别待遇,考虑以下因素:一是基于大数据和算法,根据交易相对人的支付能力、消费偏好、使用习惯等,实行差异性交易价格或者其他交易条件;二是基于大数据和算法,对新老交易相对人实行差异性交易价格或者其他交易条件;三是实行差异性标准、规则、算法;四是实行差异性付款条件和交易方式。</p><p>“不过,征求意见稿也规定,如果平台经营者是针对新用户的首次交易在合理期限内开展的优惠活动,则可以不被认定为差别待遇行为。”中国社会科学院大学竞争法研究中心研究团队在解读这份文件时表示。</p><p>“搭售”是普通消费者的另一困扰。征求意见稿列举了五类可被认定构成搭售或者附加不合理交易条件的行为,包括利用格式条款、弹窗、操作必经步骤等交易相对人无法选择、更改、拒绝的方式,将不同商品进行捆绑销售;以搜索降权、流量限制、技术障碍等惩罚性措施,强制交易相对人接受其他商品等。</p><p>对于引起了各界的广泛关注和讨论的“二选一”的矛盾。本次征求意见稿中,限定交易的规定就是旨在明确这一问题的判定依据。征求意见稿规定,分析是否构成限定交易,重点考虑以下两种情形。一是平台经营者通过搜索降权、流量限制、技术障碍、扣取保证金等惩罚性措施实施的限制,因对市场竞争和消费者利益产生直接损害,一般可认定构成限定交易行为。二是平台经营者通过补贴、折扣、优惠、流量资源支持等激励性方式实施的限制,可能对平台内经营者、消费者利益和社会整体福利具有一定积极效果,但如果对市场竞争产生明显的排除、限制影响,也可能被认定构成限定交易行为。</p><p><b>所谓“二选一”,是指一些电商要求入驻商家只能在该平台提供商品或服务,不得同时在其他平台经营。</b></p><p>钟刚指出,文件特别明确细化了平台经济领域经营者滥用市场支配地位行为的规制,细分了不同的滥用行为主义进行解释和列举,包括大数据杀熟、必需设施理论的适用问题、正当理由的认定问题等,对实践有很高的指导价值。同时,可以看到,文件对垄断行为进行场景化的细化,已经涉及到数据、技术和算法等对协议行为认定的冲击和具体形式的改变。</p><p><b>3</b></p><p><b>看点三:对经营者集中的申报标准予以营业额和VIE的特别考量</b></p><p>征求意见稿明确,对于仅提供信息匹配、收取佣金的平台经营者,可以平台所收取的服务费及平台其他收入计算营业额;对于具体参与平台一侧市场竞争的平台经营者,可以平台所涉交易金额及平台其他收入计算营业额。征求意见稿也将涉及协议控制(VIE)架构的经营者集中也纳入经营者集中反垄断审查的范围。</p><p>中国社会科学院大学竞争法研究中心研究团队认为,由于平台经济商业模式的特殊性,决定其营业额等可能很低,无法达到经营者集中申报的标准,但这种集中却又会对相关市场的竞争产生明显的排除、限制效果。此次征求意见稿也有针对性地作出了专门规定。例如,当参与集中的一方经营者为初创企业、新兴平台,或者参与集中的经营者因采取免费或者低价模式导致营业额较低,等等,在这些情形下,虽然集中未达到申报标准,但如果具有或可能具有排除、限制竞争效果,此时反垄断执法机构仍然可以依法进行调查处理。这适应了互联网行业的特点,能够更好地对平台经济领域经营者集中进行有效规制。</p><p>钟刚表示,我们在评估的一个相关市场的时候,首先要判断经营者集中的门槛,达到多少经营额才符合经营者集中的要求,营业额就是其中的一个核心标准。但是在很多平台经济的情况下,现在很多都是提供免费服务的,甚至本身是没有营业额的,因此需要特别考量。</p><p>“VIE的话是因为我们国内原来做外资在海外上市的时候,我们都有VIE架构,它在国内是一个灰色地带,我们的经营者集中如果一旦认可VIE需要进行申报,那就是变相在认可VIE架构的合法性。所以这种情况市场监管总局一直非常谨慎,但在今年4月份,我国已经立案了一个涉及到VIE架构的经营者集中的案件,因此本次文件只是做出一个肯定。但是本质上来说对VIE的合法性与否,这个恐怕不是一个文件能解决的问题。” 钟刚说。</p><p><b>4</b></p><p><b>看点四:特定个案可直接认定平台经济领域经营者实施垄断行为</b></p><p>对于平台经济领域滥用市场支配地位案件,相关市场界定通常是认定经营者滥用市场支配地位行为的第一步。</p><p>征求意见稿规定,在特定个案中,如果直接事实证据充分,只有依据市场支配地位才能实施的行为持续了相当长时间且损害效果明显,准确界定相关市场条件不足或非常困难,可以不界定相关市场,直接认定平台经济领域经营者实施了垄断行为。</p><p>中国社会科学院大学竞争法研究中心研究团队表示,这实际上突破了传统滥用市场支配地位案件中的“相关市场界定——市场支配地位认定——滥用的认定”的模式,以解决互联网行业中明显的滥用行为很难依据传统认定模式被查处的问题。</p><p><b>5</b></p><p><b>看点五:对公平竞争和行政垄断问题也做了相应规定</b></p><p>征求意见稿还对平台经济领域内的滥用行政权力排除、限制竞争行为的具体表现作出规定,列举了六类构成滥用行政权力排除、限制竞争行为的情形。包括:限定或者变相限定单位或者个人经营、购买、使用其指定的平台经济领域经营者提供的商品,或者其他经营者提供的与平台服务相关的商品等。</p><p>征求意见稿也强调,要求行政机关制定涉及平台经济领域市场主体活动的规章等时,应当进行公平竞争审查。</p><p>钟刚表示,对公平竞争和行政垄断问题的相应规定,有力地呼应了文件中所提到的反垄断监管原则。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/04b91c64997312ff4b2e7434878c6e4f","relate_stocks":{"00700":"腾讯控股","09988":"阿里巴巴-W","03690":"美团-W","01810":"小米集团-W","09618":"京东集团-SW"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199537706","content_text":"暴跌又至,这次“对准”是互联网科技巨头!今日早盘,港股市场大幅高开,不过,对于港股市场的互联网科技巨头来说,并不是一个好的开始。年度超级大牛股美团盘中一度超跌13%,京东集团跌超10%,6万亿腾讯也一度暴跌超6%。做空情绪高涨,即使恒生指数以1.1%收涨,互联网科技巨头亦是大幅收跌。截至收盘,港股五大科技股全线暴跌,一天蒸发市值接近4300亿人民币,具体来看,美团跌10.5%,京东跌8.78%,阿里巴巴跌5.1%,腾讯跌4.42%,小米集团跌4.31%。市场分析认为,这或许与市场监管总局发布的《关于平台经济领域的反垄断指南(征求意见稿)》有关,中国互联网反垄断监管将迎来有力工具。11月10日早8点,市场监管总局发布《关于平台经济领域的反垄断指南(征求意见稿)》公开征求意见的公告。这是近期市场监管总局已经公布了《经营者集中审查暂行规定》《规范促销行为暂行规定》《关于加强网络直播营销活动监管的指导意见》之后,对于互联网平台企业加强监管的又一重磅文件。征求意见稿内容涉及广受批评的“二选一”、“大数据杀熟”、“搭售”的界定等,也对经营者集中的申报标准予以营业额和VIE的特别考量,实现了互联网平台经济领域反垄断相关法律规范的新突破,主要有五大看点。1看点一:奠定了平台经济领域竞争评估的基本概念框架征求意见稿共分六章24条,有针对性地对《反垄断法》的相关制度进行了细化,以更好地指导平台经济反垄断执法。华东政法大学竞争法研究中心执行主任钟刚对券商中国记者表示,该意见稿澄清和确认了很多平台经济领域的基础性概念,包括平台、平台经济、平台经营者等,以及相关市场的具体参考因素,规定可以不明确界定相关市场的情形,奠定了法律视角下平台经济领域竞争评估的基本概念框架。“指南是指导性文件,作用在于更好地指引执法机构按照指南中的细化内容去实际实施《反垄断法》中的落地事由,不具有强制性。”钟刚说,最终评估经营者的权利义务还是要根据《反垄断法》的规定。征求意见稿对企业合规确实提出新的要求,但从专业角度来说没有本质改变法律的要求,只是在具体实施中提出了呼吁和要求,还并没有转换成法律层面的义务。今天市场对平台发展的担心并不一定反映了真实情况。2看点二:对“二选一”、“大数据杀熟”、“搭售”等作出具体表述对于具有市场支配地位的经营者从事滥用市场支配地位行为予以规制是该文件的最大看点。文件的第三章,明确了市场支配地位分析认定依据,并对“不公平价格行为”、“低于成本销售”、“拒绝交易”、“限定交易”、“搭售或者附加不合理交易条件”以及“差别待遇”等行为的认定进行了场景化的细化。对于普通消费者更为关注的“大数据杀熟”,征求意见稿在滥用市场支配地位行为的“差别待遇”部分明确,具有市场支配地位的平台经济领域经营者,可能滥用市场支配地位,无正当理由对交易条件相同的交易相对人实施差别待遇,排除、限制市场竞争。分析是否构成差别待遇,考虑以下因素:一是基于大数据和算法,根据交易相对人的支付能力、消费偏好、使用习惯等,实行差异性交易价格或者其他交易条件;二是基于大数据和算法,对新老交易相对人实行差异性交易价格或者其他交易条件;三是实行差异性标准、规则、算法;四是实行差异性付款条件和交易方式。“不过,征求意见稿也规定,如果平台经营者是针对新用户的首次交易在合理期限内开展的优惠活动,则可以不被认定为差别待遇行为。”中国社会科学院大学竞争法研究中心研究团队在解读这份文件时表示。“搭售”是普通消费者的另一困扰。征求意见稿列举了五类可被认定构成搭售或者附加不合理交易条件的行为,包括利用格式条款、弹窗、操作必经步骤等交易相对人无法选择、更改、拒绝的方式,将不同商品进行捆绑销售;以搜索降权、流量限制、技术障碍等惩罚性措施,强制交易相对人接受其他商品等。对于引起了各界的广泛关注和讨论的“二选一”的矛盾。本次征求意见稿中,限定交易的规定就是旨在明确这一问题的判定依据。征求意见稿规定,分析是否构成限定交易,重点考虑以下两种情形。一是平台经营者通过搜索降权、流量限制、技术障碍、扣取保证金等惩罚性措施实施的限制,因对市场竞争和消费者利益产生直接损害,一般可认定构成限定交易行为。二是平台经营者通过补贴、折扣、优惠、流量资源支持等激励性方式实施的限制,可能对平台内经营者、消费者利益和社会整体福利具有一定积极效果,但如果对市场竞争产生明显的排除、限制影响,也可能被认定构成限定交易行为。所谓“二选一”,是指一些电商要求入驻商家只能在该平台提供商品或服务,不得同时在其他平台经营。钟刚指出,文件特别明确细化了平台经济领域经营者滥用市场支配地位行为的规制,细分了不同的滥用行为主义进行解释和列举,包括大数据杀熟、必需设施理论的适用问题、正当理由的认定问题等,对实践有很高的指导价值。同时,可以看到,文件对垄断行为进行场景化的细化,已经涉及到数据、技术和算法等对协议行为认定的冲击和具体形式的改变。3看点三:对经营者集中的申报标准予以营业额和VIE的特别考量征求意见稿明确,对于仅提供信息匹配、收取佣金的平台经营者,可以平台所收取的服务费及平台其他收入计算营业额;对于具体参与平台一侧市场竞争的平台经营者,可以平台所涉交易金额及平台其他收入计算营业额。征求意见稿也将涉及协议控制(VIE)架构的经营者集中也纳入经营者集中反垄断审查的范围。中国社会科学院大学竞争法研究中心研究团队认为,由于平台经济商业模式的特殊性,决定其营业额等可能很低,无法达到经营者集中申报的标准,但这种集中却又会对相关市场的竞争产生明显的排除、限制效果。此次征求意见稿也有针对性地作出了专门规定。例如,当参与集中的一方经营者为初创企业、新兴平台,或者参与集中的经营者因采取免费或者低价模式导致营业额较低,等等,在这些情形下,虽然集中未达到申报标准,但如果具有或可能具有排除、限制竞争效果,此时反垄断执法机构仍然可以依法进行调查处理。这适应了互联网行业的特点,能够更好地对平台经济领域经营者集中进行有效规制。钟刚表示,我们在评估的一个相关市场的时候,首先要判断经营者集中的门槛,达到多少经营额才符合经营者集中的要求,营业额就是其中的一个核心标准。但是在很多平台经济的情况下,现在很多都是提供免费服务的,甚至本身是没有营业额的,因此需要特别考量。“VIE的话是因为我们国内原来做外资在海外上市的时候,我们都有VIE架构,它在国内是一个灰色地带,我们的经营者集中如果一旦认可VIE需要进行申报,那就是变相在认可VIE架构的合法性。所以这种情况市场监管总局一直非常谨慎,但在今年4月份,我国已经立案了一个涉及到VIE架构的经营者集中的案件,因此本次文件只是做出一个肯定。但是本质上来说对VIE的合法性与否,这个恐怕不是一个文件能解决的问题。” 钟刚说。4看点四:特定个案可直接认定平台经济领域经营者实施垄断行为对于平台经济领域滥用市场支配地位案件,相关市场界定通常是认定经营者滥用市场支配地位行为的第一步。征求意见稿规定,在特定个案中,如果直接事实证据充分,只有依据市场支配地位才能实施的行为持续了相当长时间且损害效果明显,准确界定相关市场条件不足或非常困难,可以不界定相关市场,直接认定平台经济领域经营者实施了垄断行为。中国社会科学院大学竞争法研究中心研究团队表示,这实际上突破了传统滥用市场支配地位案件中的“相关市场界定——市场支配地位认定——滥用的认定”的模式,以解决互联网行业中明显的滥用行为很难依据传统认定模式被查处的问题。5看点五:对公平竞争和行政垄断问题也做了相应规定征求意见稿还对平台经济领域内的滥用行政权力排除、限制竞争行为的具体表现作出规定,列举了六类构成滥用行政权力排除、限制竞争行为的情形。包括:限定或者变相限定单位或者个人经营、购买、使用其指定的平台经济领域经营者提供的商品,或者其他经营者提供的与平台服务相关的商品等。征求意见稿也强调,要求行政机关制定涉及平台经济领域市场主体活动的规章等时,应当进行公平竞争审查。钟刚表示,对公平竞争和行政垄断问题的相应规定,有力地呼应了文件中所提到的反垄断监管原则。","news_type":1,"symbols_score_info":{"00700":0.9,"01810":0.9,"03690":0.9,"09618":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":1892,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":976353520,"gmtCreate":1599612838460,"gmtModify":1703819036283,"author":{"id":"3522626839626830","authorId":"3522626839626830","name":"likemm","avatar":"https://static.tigerbbs.com/6eaa9b9e78e77b2f1d489dfaf54639cd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522626839626830","authorIdStr":"3522626839626830"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/976353520","repostId":"976363057","repostType":1,"repost":{"id":976363057,"gmtCreate":1599602154079,"gmtModify":1703819008206,"author":{"id":"3479872608913924","authorId":"3479872608913924","name":"少则得多则惑","avatar":"https://static.tigerbbs.com/15356d9c9e3882677736242bbba4f3ce","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3479872608913924","authorIdStr":"3479872608913924"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>$特斯拉(TSLA)$ 特斯拉在9月4日的一份监管文件中披露,其董事会成员凯瑟琳·威尔逊-汤普森(Kathleen Wilson-Thompson)周一行使期权以每股44.95美元的价格买入12500股股票,然后即刻以超过10倍的价格卖出,获利500多万美元,并且成功地躲过了之后股价连续三个交易日的下跌。周四晚些时候,特斯拉还披露了内部人士杰罗姆·吉伦(Jerome Guillen)的交易,这笔交易让他赚了约640万美元。文件显示,吉伦在9月1日以51.64美元的价格收购了1.5万股,这是2月20日通过的交易计划的一部分。同一天,他以479.00美元的加权平均价格卖出了15000股。此次拍卖通过一系列交易完成,价格从471.33美元到502.01美元不等。吉伦于2010年11月加入特斯拉,自2018年9月起担任特斯拉汽车公司总裁。马斯克的弟弟两天收益6.5倍埃隆·马斯克(Elon Musk)的弟弟金巴尔(Kimbal)本周行使了购买特斯拉股票的期权,似乎赚了800多万美元。两天前,他以买价的6.5倍出售了这些股票。对董事会成员金巴尔来说,时机很好,因为周二的股票出售已经完成,其中一些交易的执行价格超过了周一498.32美元的创纪录收盘价。该股周五大幅反弹,收于418.32美元,上涨2.8%,扭转了此前高达8.6%的跌幅。根据周四晚些时候向美国证券交易委员会提交的一份表格数据计算,9月1日,金巴尔·马斯克以大约482.59美元的加权平均价格售出了36375股特斯拉股票。文件显示,多笔交易的价格在471.33美元到502.01美元之间。这与杰罗姆·吉伦的卖出执行的价格范围相同。","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a>$特斯拉(TSLA)$ 特斯拉在9月4日的一份监管文件中披露,其董事会成员凯瑟琳·威尔逊-汤普森(Kathleen Wilson-Thompson)周一行使期权以每股44.95美元的价格买入12500股股票,然后即刻以超过10倍的价格卖出,获利500多万美元,并且成功地躲过了之后股价连续三个交易日的下跌。周四晚些时候,特斯拉还披露了内部人士杰罗姆·吉伦(Jerome Guillen)的交易,这笔交易让他赚了约640万美元。文件显示,吉伦在9月1日以51.64美元的价格收购了1.5万股,这是2月20日通过的交易计划的一部分。同一天,他以479.00美元的加权平均价格卖出了15000股。此次拍卖通过一系列交易完成,价格从471.33美元到502.01美元不等。吉伦于2010年11月加入特斯拉,自2018年9月起担任特斯拉汽车公司总裁。马斯克的弟弟两天收益6.5倍埃隆·马斯克(Elon Musk)的弟弟金巴尔(Kimbal)本周行使了购买特斯拉股票的期权,似乎赚了800多万美元。两天前,他以买价的6.5倍出售了这些股票。对董事会成员金巴尔来说,时机很好,因为周二的股票出售已经完成,其中一些交易的执行价格超过了周一498.32美元的创纪录收盘价。该股周五大幅反弹,收于418.32美元,上涨2.8%,扭转了此前高达8.6%的跌幅。根据周四晚些时候向美国证券交易委员会提交的一份表格数据计算,9月1日,金巴尔·马斯克以大约482.59美元的加权平均价格售出了36375股特斯拉股票。文件显示,多笔交易的价格在471.33美元到502.01美元之间。这与杰罗姆·吉伦的卖出执行的价格范围相同。","text":"$特斯拉(TSLA)$$特斯拉(TSLA)$ 特斯拉在9月4日的一份监管文件中披露,其董事会成员凯瑟琳·威尔逊-汤普森(Kathleen Wilson-Thompson)周一行使期权以每股44.95美元的价格买入12500股股票,然后即刻以超过10倍的价格卖出,获利500多万美元,并且成功地躲过了之后股价连续三个交易日的下跌。周四晚些时候,特斯拉还披露了内部人士杰罗姆·吉伦(Jerome Guillen)的交易,这笔交易让他赚了约640万美元。文件显示,吉伦在9月1日以51.64美元的价格收购了1.5万股,这是2月20日通过的交易计划的一部分。同一天,他以479.00美元的加权平均价格卖出了15000股。此次拍卖通过一系列交易完成,价格从471.33美元到502.01美元不等。吉伦于2010年11月加入特斯拉,自2018年9月起担任特斯拉汽车公司总裁。马斯克的弟弟两天收益6.5倍埃隆·马斯克(Elon Musk)的弟弟金巴尔(Kimbal)本周行使了购买特斯拉股票的期权,似乎赚了800多万美元。两天前,他以买价的6.5倍出售了这些股票。对董事会成员金巴尔来说,时机很好,因为周二的股票出售已经完成,其中一些交易的执行价格超过了周一498.32美元的创纪录收盘价。该股周五大幅反弹,收于418.32美元,上涨2.8%,扭转了此前高达8.6%的跌幅。根据周四晚些时候向美国证券交易委员会提交的一份表格数据计算,9月1日,金巴尔·马斯克以大约482.59美元的加权平均价格售出了36375股特斯拉股票。文件显示,多笔交易的价格在471.33美元到502.01美元之间。这与杰罗姆·吉伦的卖出执行的价格范围相同。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/976363057","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":976301049,"gmtCreate":1599576854981,"gmtModify":1703818942828,"author":{"id":"3522626839626830","authorId":"3522626839626830","name":"likemm","avatar":"https://static.tigerbbs.com/6eaa9b9e78e77b2f1d489dfaf54639cd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522626839626830","authorIdStr":"3522626839626830"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/976301049","repostId":"2065168782","repostType":2,"isVote":1,"tweetType":1,"viewCount":1881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":973420787,"gmtCreate":1598602189949,"gmtModify":1704219783519,"author":{"id":"3522626839626830","authorId":"3522626839626830","name":"likemm","avatar":"https://static.tigerbbs.com/6eaa9b9e78e77b2f1d489dfaf54639cd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522626839626830","authorIdStr":"3522626839626830"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a>咋回事啊?吃瓜","listText":"<a href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a>咋回事啊?吃瓜","text":"$腾讯控股(00700)$咋回事啊?吃瓜","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/973420787","isVote":1,"tweetType":1,"viewCount":2731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":973144662,"gmtCreate":1598492269356,"gmtModify":1704219118677,"author":{"id":"3522626839626830","authorId":"3522626839626830","name":"likemm","avatar":"https://static.tigerbbs.com/6eaa9b9e78e77b2f1d489dfaf54639cd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522626839626830","authorIdStr":"3522626839626830"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/973144662","repostId":"2062121246","repostType":2,"isVote":1,"tweetType":1,"viewCount":1753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":944481488,"gmtCreate":1597078751644,"gmtModify":1704214348705,"author":{"id":"3522626839626830","authorId":"3522626839626830","name":"likemm","avatar":"https://static.tigerbbs.com/6eaa9b9e78e77b2f1d489dfaf54639cd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3522626839626830","authorIdStr":"3522626839626830"},"themes":[],"htmlText":"。","listText":"。","text":"。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/944481488","repostId":"940214570","repostType":1,"repost":{"id":940214570,"gmtCreate":1593941848790,"gmtModify":1704203344777,"author":{"id":"3455107317378325","authorId":"3455107317378325","name":"阿鑫No1","avatar":"https://static.tigerbbs.com/1cec92254de6221978b7edcd12458e0a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3455107317378325","authorIdStr":"3455107317378325"},"themes":[],"title":"从利润表讲起:拼多多和淘宝这些电商平台,有哪些营业成本?","htmlText":"电商股系列第12篇,讲电商平台的成本和费用主要有哪些?<a target=\"_blank\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 前文讲货币化率,可以知道卖场模式下,电商平台的收入来源主要包括:佣金+广告费。从营业收入到营业利润,依次要减去营业成本和各项费用,本篇先看一下(1)对于电商平台有哪些营业成本,(2)再看下拼多多、淘宝、京东的营业成本变化。一. 各项成本的释义1. 支付手续费用户在电商平台付款时,支付服务提供方向电商平台收取的费用。支付服务提供方现在主要有:微信支付/支付宝/京东支付等第三方支付机构 以及 银行等。举个例子,假设小明在拼多多上买了台iPhone,花了10000元,并采用了微信支付作为付款方式,那么拼多多需要付给腾讯一笔支付手续费,这个费率多数情况是0.6%,也就是60元。2.服务器/电脑等硬件的折旧 与 带宽成本运行一个电商APP背后需要有大量的机器和带宽支撑,这一部分费用也都计入营业成本。第一,开发并迭代一个APP,背后的产品、研发等员工所用的电脑、显示器等设备,按一定年限折旧计入营业成本;第二,让这个APP运行起来,背后需要很多服务器支持,比如:存储商品详情信息、用户行为数据等等,采购的服务器也按一定年限折旧。另外,早年各家大多都自己采购服务器,现在随着云计算的发展,可以采购阿里云、腾讯云的服务来替代自己采购服务器。因此付给的阿里云、腾讯云等云服务商的费用,也有一部分会计","listText":"电商股系列第12篇,讲电商平台的成本和费用主要有哪些?<a target=\"_blank\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/PDD\">$拼多多(PDD)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/JD\">$京东(JD)$</a> 前文讲货币化率,可以知道卖场模式下,电商平台的收入来源主要包括:佣金+广告费。从营业收入到营业利润,依次要减去营业成本和各项费用,本篇先看一下(1)对于电商平台有哪些营业成本,(2)再看下拼多多、淘宝、京东的营业成本变化。一. 各项成本的释义1. 支付手续费用户在电商平台付款时,支付服务提供方向电商平台收取的费用。支付服务提供方现在主要有:微信支付/支付宝/京东支付等第三方支付机构 以及 银行等。举个例子,假设小明在拼多多上买了台iPhone,花了10000元,并采用了微信支付作为付款方式,那么拼多多需要付给腾讯一笔支付手续费,这个费率多数情况是0.6%,也就是60元。2.服务器/电脑等硬件的折旧 与 带宽成本运行一个电商APP背后需要有大量的机器和带宽支撑,这一部分费用也都计入营业成本。第一,开发并迭代一个APP,背后的产品、研发等员工所用的电脑、显示器等设备,按一定年限折旧计入营业成本;第二,让这个APP运行起来,背后需要很多服务器支持,比如:存储商品详情信息、用户行为数据等等,采购的服务器也按一定年限折旧。另外,早年各家大多都自己采购服务器,现在随着云计算的发展,可以采购阿里云、腾讯云的服务来替代自己采购服务器。因此付给的阿里云、腾讯云等云服务商的费用,也有一部分会计","text":"电商股系列第12篇,讲电商平台的成本和费用主要有哪些?$阿里巴巴(BABA)$ $拼多多(PDD)$ $京东(JD)$ 前文讲货币化率,可以知道卖场模式下,电商平台的收入来源主要包括:佣金+广告费。从营业收入到营业利润,依次要减去营业成本和各项费用,本篇先看一下(1)对于电商平台有哪些营业成本,(2)再看下拼多多、淘宝、京东的营业成本变化。一. 各项成本的释义1. 支付手续费用户在电商平台付款时,支付服务提供方向电商平台收取的费用。支付服务提供方现在主要有:微信支付/支付宝/京东支付等第三方支付机构 以及 银行等。举个例子,假设小明在拼多多上买了台iPhone,花了10000元,并采用了微信支付作为付款方式,那么拼多多需要付给腾讯一笔支付手续费,这个费率多数情况是0.6%,也就是60元。2.服务器/电脑等硬件的折旧 与 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