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Jj1985

Jj1985

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2021-12-27

$GameStop(GME)$bomb

2021-12-17

$AMC Entertainment(AMC)$ are these American people here?

2021-12-17

No one use reddit

抱歉，原内容已删除

2021-12-17

Stupid game

No One Knows What Game Is GameStop Playing<blockquote>没人知道游戏驿站在玩什么游戏</blockquote>

2021-12-15

Down down down... Oh gosh.

E-commerce stocks fell sharply in morning trading, with Pinduoduo and JD.com dropping over 6%,Alibaba dropping 5%<blockquote>电子商务股早盘大幅下跌，拼多多和京东跌幅超过6%，阿里巴巴跌幅5%</blockquote>

2021-12-15

Like it's true

抱歉，原内容已删除

2021-12-14

$AMC Entertainment(AMC)$ siao... I hope AMC close down and lose all their money.

2021-12-14

Don't be the last to sell...

AMC continued to fall over 6% in premarket trading as its CEO and CFO sold a total of more than $10 million worth of stock<blockquote>AMC 在盘前交易中继续下跌超过 6%，其首席执行官和首席财务官总共出售了价值超过 1000 万美元的股票</blockquote>

2021-12-14

Just don't be the last to sell. When the panic button or insider start selling. Unless you know better than than the insiders.

抱歉，原内容已删除

2021-12-13

$AMC Entertainment(AMC)$ cheap deal? Buy now.

抱歉，原内容已删除

2021-12-13

$AMC Entertainment(AMC)$ if you don't dump it now you will be the last to dump. By the time you don't lose more. True?

2021-12-10

$Alibaba(BABA)$ haiz.... China stocks seem hopeless

2021-11-07

Nightlight saving

U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021<blockquote>美国夏令时于 2021 年 11 月 7 日星期日结束</blockquote>

2021-10-25

Hodl apes... It will go up

抱歉，原内容已删除

2021-10-22

$Phunware, Inc.(PHUN)$ to the moon.. The new $AMC Entertainment(AMC)$

2021-10-22

$Digital World Acquisition Corp(DWAC)$ WSB will not win this time.... Like $GameStop(GME)$$AMC Entertainment(AMC)$

2021-10-22

sell $AMC Entertainment(AMC)$to buy $Digital World Acquisition Corp(DWAC)$ ? 120% omg...

2021-10-22

$ProShares Bitcoin Strategy ETF(BITO)$ will it go below 40??

2021-10-22

$GameStop(GME)$ sell? $Digital World Acquisition Corp(DWAC)$ buy?

2021-10-21

$Alibaba(BABA)$ long this stock the potential is there... Not like AMC and GME

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href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>bomb","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>bomb","text":"$GameStop(GME)$bomb","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696311968","isVote":1,"tweetType":1,"viewCount":2725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699136362,"gmtCreate":1639754593439,"gmtModify":1639755321366,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;are these American people here?&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;are these American people here?&nbsp;","text":"$AMC Entertainment(AMC)$ are these American people here?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699136362","isVote":1,"tweetType":1,"viewCount":3967,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699193314,"gmtCreate":1639753861261,"gmtModify":1639753861410,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"No one use reddit","listText":"No one use reddit","text":"No one use reddit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699193314","repostId":"2192920651","repostType":2,"isVote":1,"tweetType":1,"viewCount":2564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699199012,"gmtCreate":1639753806198,"gmtModify":1639753856896,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"Stupid game","listText":"Stupid game","text":"Stupid game","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699199012","repostId":"1158215178","repostType":2,"repost":{"id":"1158215178","kind":"news","pubTimestamp":1639721545,"share":"https://www.laohunote.com/m/news/1158215178?lang=zh_CN&edition=full","pubTime":"2021-12-17 14:12","market":"us","language":"en","title":"No One Knows What Game Is GameStop Playing<blockquote>没人知道游戏驿站在玩什么游戏</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158215178","media":"IAM Newswire","summary":"Last week, GameStop (NYSE: GME) surprisingly topped revenue estimates for its third quarter. However","content":"<p>Last week, GameStop (NYSE: GME) surprisingly topped revenue estimates for its third quarter. However, the video game retailer widely missed analysts’ earnings guidance. Once again, it limited its earnings conference call to just management’s prepared remarks, without allowing Wall Street to ask any questions during a call that ended up being an eight-minute reading.</p><p><blockquote>上周，游戏驿站（纽约证券交易所股票代码：GME）第三季度收入出人意料地超出了预期。然而，这家视频游戏零售商普遍低于分析师的盈利指引。华尔街再次将财报电话会议限制在管理层事先准备好的讲话范围内，不允许华尔街在看涨期权上提出任何问题，而看涨期权最终只持续了八分钟。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/59db63e692307f2bd4125d05c605b6e0\" tg-width=\"600\" tg-height=\"449\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Third quarter results- spending money to make money</b></p><p><blockquote><b>第三季度业绩——花钱赚钱</b></blockquote></p><p> Although revenue rose 29% to just under $1.3 billion, coming close to its 2019 position when it generated $1.4 billion in sales, GameStop saw losses widen significantly in the period to $1.39 per share from $0.53, far worse than the $0.58 per share loss analysts were anticipating. Overall net loss grew to $105.4 million.</p><p><blockquote>尽管收入增长了 29%，略低于 13 亿美元，接近 2019 年销售额 14 亿美元的水平，但游戏驿站在此期间的亏损大幅扩大，从每股 0.53 美元扩大至 1.39 美元，远低于分析师预期的每股亏损 0.58 美元。总体净亏损增至 1.054 亿美元。</blockquote></p><p> Expenses jumped to $421.5 million which is expected as the company is investing heavily in being able to confront an online and digital future of gaming. Moreover, inventory rose to $1.14 billion as the company is stocked for the holidays as opposed to $861 million at the end of last year’s comparable quarter. However, it should be noted that Black Friday that tends to bring the peak demand isn’t included in these results.</p><p><blockquote>支出跃升至4.215亿美元，这是预计的，因为该公司正在大力投资，以应对在线和数字游戏的未来。此外，由于公司正在为假期储备库存，库存增至 11.4 亿美元，而去年同期末为 8.61 亿美元。不过，需要注意的是，往往会带来需求高峰的黑色星期五并不包括在这些结果中。</blockquote></p><p> <b>Infrastructure investments</b></p><p><blockquote><b>基础设施投资</b></blockquote></p><p> GameStop recently opened a new customer care facility in Florida for which it hired 500 employees. The facility has been presented as a key element of its future growth plans but it’s only one of several infrastructure investments the company has made recently, including two large fulfillment centers in Nevada and Pennsylvania or more precisely, additional 1 million square feet of warehouse space that is being stocked with merchandise. Considering the supply chain issues hampering other retailers, this spending is justified ahead of the holiday season. But the video gaming company still did not reveal its exact plans for all that space.</p><p><blockquote>游戏驿站最近在佛罗里达州开设了一家新的客户服务机构，为此雇佣了500名员工。该设施被认为是其未来发展计划的关键要素，但这只是该公司最近进行的几项基础设施投资之一，其中包括在内华达州和宾夕法尼亚州的两个大型履行中心，或者更准确地说，是额外增加 100 万平方英尺的仓库空间，用于储存商品。考虑到阻碍其他零售商的供应链问题，这笔支出在假期前是合理的。但这家视频游戏公司仍然没有透露其对所有空间的确切计划。</blockquote></p><p> <b>GameStop is set to become the “Amazon of gaming”</b></p><p><blockquote><b>游戏驿站将成为 “游戏界的亚马逊”</b></blockquote></p><p> GameStop entered the year with three distribution facilities and added new fulfilment centers in York, Pennsylvania, and Reno, Nevada, along with the customer care center in Florida. Building out this massive footprint with Amazon-sized centers is essential to realizing chairman Ryan Cohen’s vision. So, while Cohen and CEO Matt Furlong aren’t saying it out loud as Furlong only teased GameStop has “been exploring emerging opportunities in blockchain, NFTs, and Web 3.0 gaming”, the company’s actions speak for themselves.&nbsp; &nbsp;It would have also been nice to hear more about its partnerships with Samsung,&nbsp;LG Display Co Ltd (NYSE: LPL),&nbsp;Razer&nbsp;Inc (OTC: RAZFF), Vizio Holding Group (NYSE: VZIO),&nbsp;Logitech (NASDAQ, LOGI) and Asus management previously teased.</p><p><blockquote>游戏驿站今年开设了三个配送设施，并在宾夕法尼亚州约克和内华达州里诺增加了新的履行中心，以及佛罗里达州的客户服务中心。建立亚马逊规模的中心，对于实现董事长瑞安-科恩（Ryan Cohen）的愿景至关重要。因此，虽然科恩和首席执行官马特-弗隆（Matt Furlong）并没有大声说出来，因为弗隆只是预告游戏驿站 “一直在探索区块链、NFT 和 Web 3.0 游戏领域的新兴机遇”，但该公司的行动不言自明。如果能听到更多关于其与三星、LG Display Co Ltd（纽约证券交易所股票代码：LPL）、雷蛇公司（场外交易所股票代码：RAZFF）、Vizio Holding Group（纽约证券交易所股票代码：VZIO）、罗技（纳斯达克，LOGI）和华硕管理层之前预告的合作伙伴关系，那也是一件好事。</blockquote></p><p> <b>The verdict</b></p><p><blockquote><b>判决</b></blockquote></p><p> GameStop is a company undergoing transformation from a brick-and-mortar chain into an e-commerce retailer. But this turnaround is taking place in an environment shaped by escalating costs that are causing the company to burn through twice as much cash compared to a year ago. Unfortunately, management is practically not any particular insight into what it is doing to engineer this business turnaround. However, in times when so many companies used opaque reporting in the past to cover up fraud, simply saying buzzwords and catchphrases is never as good as actually shining light on the company’s actions. In addition, a recent Kotaku report show the discontent of store workers who say they are overworked and understaffed. Fortunately for the company, it seems small investors are patient and are trusting the leadership of former Chewy.com (NYSE: CHWY) founder Ryan Cohen who made billions selling pet food online. He brought former Amazon.com Inc (NASDAQ: AMZN) executives on board, and since then, GameStop has reduced online shipping times for games from weeks to days. For now, it seems investors are giving him space to do what is necessary for GameStop to reverse course – only time will tell if Cohen’s strategy can win the game.</p><p><blockquote>游戏驿站是一家正在从实体连锁店向电子商务零售商转型的公司。但这种转变发生在成本不断上升的环境中，导致该公司消耗的现金是一年前的两倍。不幸的是，管理层实际上对它正在做什么来实现这一业务转型没有任何特别的见解。然而，在过去许多公司都使用不透明的报告来掩盖欺诈行为的时代，仅仅说一些流行语和口号永远不如真正揭露公司的行为。此外，Kotaku 最近的一份报告显示了商店员工的不满，他们表示自己工作过度且人手不足。对该公司来说幸运的是，小投资者似乎很有耐心，并信任前 Chewy.com（纽约证券交易所股票代码：CHWY）创始人 Ryan Cohen 的领导，他通过在线销售宠物食品赚了数十亿美元。他邀请了亚马逊公司（纳斯达克股票代码：AMZN）的前高管加入，从那时起，游戏驿站将游戏的在线发货时间从几周缩短到了几天。目前来看，投资者似乎给了他空间，让他做必要的事情，让游戏驿站扭转局面--只有时间能证明科恩的策略能否赢得比赛。</blockquote></p><p></p>","source":"lsy1622643980725","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>No One Knows What Game Is GameStop Playing<blockquote>没人知道游戏驿站在玩什么游戏</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNo One Knows What Game Is GameStop Playing<blockquote>没人知道游戏驿站在玩什么游戏</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">IAM Newswire</strong><span class=\"h-time small\">2021-12-17 14:12</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, GameStop (NYSE: GME) surprisingly topped revenue estimates for its third quarter. However, the video game retailer widely missed analysts’ earnings guidance. Once again, it limited its earnings conference call to just management’s prepared remarks, without allowing Wall Street to ask any questions during a call that ended up being an eight-minute reading.</p><p><blockquote>上周，游戏驿站（纽约证券交易所股票代码：GME）第三季度收入出人意料地超出了预期。然而，这家视频游戏零售商普遍低于分析师的盈利指引。华尔街再次将财报电话会议限制在管理层事先准备好的讲话范围内，不允许华尔街在看涨期权上提出任何问题，而看涨期权最终只持续了八分钟。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/59db63e692307f2bd4125d05c605b6e0\" tg-width=\"600\" tg-height=\"449\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Third quarter results- spending money to make money</b></p><p><blockquote><b>第三季度业绩——花钱赚钱</b></blockquote></p><p> Although revenue rose 29% to just under $1.3 billion, coming close to its 2019 position when it generated $1.4 billion in sales, GameStop saw losses widen significantly in the period to $1.39 per share from $0.53, far worse than the $0.58 per share loss analysts were anticipating. Overall net loss grew to $105.4 million.</p><p><blockquote>尽管收入增长了 29%，略低于 13 亿美元，接近 2019 年销售额 14 亿美元的水平，但游戏驿站在此期间的亏损大幅扩大，从每股 0.53 美元扩大至 1.39 美元，远低于分析师预期的每股亏损 0.58 美元。总体净亏损增至 1.054 亿美元。</blockquote></p><p> Expenses jumped to $421.5 million which is expected as the company is investing heavily in being able to confront an online and digital future of gaming. Moreover, inventory rose to $1.14 billion as the company is stocked for the holidays as opposed to $861 million at the end of last year’s comparable quarter. However, it should be noted that Black Friday that tends to bring the peak demand isn’t included in these results.</p><p><blockquote>支出跃升至4.215亿美元，这是预计的，因为该公司正在大力投资，以应对在线和数字游戏的未来。此外，由于公司正在为假期储备库存，库存增至 11.4 亿美元，而去年同期末为 8.61 亿美元。不过，需要注意的是，往往会带来需求高峰的黑色星期五并不包括在这些结果中。</blockquote></p><p> <b>Infrastructure investments</b></p><p><blockquote><b>基础设施投资</b></blockquote></p><p> GameStop recently opened a new customer care facility in Florida for which it hired 500 employees. The facility has been presented as a key element of its future growth plans but it’s only one of several infrastructure investments the company has made recently, including two large fulfillment centers in Nevada and Pennsylvania or more precisely, additional 1 million square feet of warehouse space that is being stocked with merchandise. Considering the supply chain issues hampering other retailers, this spending is justified ahead of the holiday season. But the video gaming company still did not reveal its exact plans for all that space.</p><p><blockquote>游戏驿站最近在佛罗里达州开设了一家新的客户服务机构，为此雇佣了500名员工。该设施被认为是其未来发展计划的关键要素，但这只是该公司最近进行的几项基础设施投资之一，其中包括在内华达州和宾夕法尼亚州的两个大型履行中心，或者更准确地说，是额外增加 100 万平方英尺的仓库空间，用于储存商品。考虑到阻碍其他零售商的供应链问题，这笔支出在假期前是合理的。但这家视频游戏公司仍然没有透露其对所有空间的确切计划。</blockquote></p><p> <b>GameStop is set to become the “Amazon of gaming”</b></p><p><blockquote><b>游戏驿站将成为 “游戏界的亚马逊”</b></blockquote></p><p> GameStop entered the year with three distribution facilities and added new fulfilment centers in York, Pennsylvania, and Reno, Nevada, along with the customer care center in Florida. Building out this massive footprint with Amazon-sized centers is essential to realizing chairman Ryan Cohen’s vision. So, while Cohen and CEO Matt Furlong aren’t saying it out loud as Furlong only teased GameStop has “been exploring emerging opportunities in blockchain, NFTs, and Web 3.0 gaming”, the company’s actions speak for themselves.&nbsp; &nbsp;It would have also been nice to hear more about its partnerships with Samsung,&nbsp;LG Display Co Ltd (NYSE: LPL),&nbsp;Razer&nbsp;Inc (OTC: RAZFF), Vizio Holding Group (NYSE: VZIO),&nbsp;Logitech (NASDAQ, LOGI) and Asus management previously teased.</p><p><blockquote>游戏驿站今年开设了三个配送设施，并在宾夕法尼亚州约克和内华达州里诺增加了新的履行中心，以及佛罗里达州的客户服务中心。建立亚马逊规模的中心，对于实现董事长瑞安-科恩（Ryan Cohen）的愿景至关重要。因此，虽然科恩和首席执行官马特-弗隆（Matt Furlong）并没有大声说出来，因为弗隆只是预告游戏驿站 “一直在探索区块链、NFT 和 Web 3.0 游戏领域的新兴机遇”，但该公司的行动不言自明。如果能听到更多关于其与三星、LG Display Co Ltd（纽约证券交易所股票代码：LPL）、雷蛇公司（场外交易所股票代码：RAZFF）、Vizio Holding Group（纽约证券交易所股票代码：VZIO）、罗技（纳斯达克，LOGI）和华硕管理层之前预告的合作伙伴关系，那也是一件好事。</blockquote></p><p> <b>The verdict</b></p><p><blockquote><b>判决</b></blockquote></p><p> GameStop is a company undergoing transformation from a brick-and-mortar chain into an e-commerce retailer. But this turnaround is taking place in an environment shaped by escalating costs that are causing the company to burn through twice as much cash compared to a year ago. Unfortunately, management is practically not any particular insight into what it is doing to engineer this business turnaround. However, in times when so many companies used opaque reporting in the past to cover up fraud, simply saying buzzwords and catchphrases is never as good as actually shining light on the company’s actions. In addition, a recent Kotaku report show the discontent of store workers who say they are overworked and understaffed. Fortunately for the company, it seems small investors are patient and are trusting the leadership of former Chewy.com (NYSE: CHWY) founder Ryan Cohen who made billions selling pet food online. He brought former Amazon.com Inc (NASDAQ: AMZN) executives on board, and since then, GameStop has reduced online shipping times for games from weeks to days. For now, it seems investors are giving him space to do what is necessary for GameStop to reverse course – only time will tell if Cohen’s strategy can win the game.</p><p><blockquote>游戏驿站是一家正在从实体连锁店向电子商务零售商转型的公司。但这种转变发生在成本不断上升的环境中，导致该公司消耗的现金是一年前的两倍。不幸的是，管理层实际上对它正在做什么来实现这一业务转型没有任何特别的见解。然而，在过去许多公司都使用不透明的报告来掩盖欺诈行为的时代，仅仅说一些流行语和口号永远不如真正揭露公司的行为。此外，Kotaku 最近的一份报告显示了商店员工的不满，他们表示自己工作过度且人手不足。对该公司来说幸运的是，小投资者似乎很有耐心，并信任前 Chewy.com（纽约证券交易所股票代码：CHWY）创始人 Ryan Cohen 的领导，他通过在线销售宠物食品赚了数十亿美元。他邀请了亚马逊公司（纳斯达克股票代码：AMZN）的前高管加入，从那时起，游戏驿站将游戏的在线发货时间从几周缩短到了几天。目前来看，投资者似乎给了他空间，让他做必要的事情，让游戏驿站扭转局面--只有时间能证明科恩的策略能否赢得比赛。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://iamnewswire.com/no-one-knows-what-game-is-gamestop-playing/\">IAM Newswire</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://iamnewswire.com/no-one-knows-what-game-is-gamestop-playing/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158215178","content_text":"Last week, GameStop (NYSE: GME) surprisingly topped revenue estimates for its third quarter. However, the video game retailer widely missed analysts’ earnings guidance. Once again, it limited its earnings conference call to just management’s prepared remarks, without allowing Wall Street to ask any questions during a call that ended up being an eight-minute reading.\n\nThird quarter results- spending money to make money\nAlthough revenue rose 29% to just under $1.3 billion, coming close to its 2019 position when it generated $1.4 billion in sales, GameStop saw losses widen significantly in the period to $1.39 per share from $0.53, far worse than the $0.58 per share loss analysts were anticipating. Overall net loss grew to $105.4 million.\nExpenses jumped to $421.5 million which is expected as the company is investing heavily in being able to confront an online and digital future of gaming. Moreover, inventory rose to $1.14 billion as the company is stocked for the holidays as opposed to $861 million at the end of last year’s comparable quarter. However, it should be noted that Black Friday that tends to bring the peak demand isn’t included in these results.\nInfrastructure investments\nGameStop recently opened a new customer care facility in Florida for which it hired 500 employees. The facility has been presented as a key element of its future growth plans but it’s only one of several infrastructure investments the company has made recently, including two large fulfillment centers in Nevada and Pennsylvania or more precisely, additional 1 million square feet of warehouse space that is being stocked with merchandise. Considering the supply chain issues hampering other retailers, this spending is justified ahead of the holiday season. But the video gaming company still did not reveal its exact plans for all that space.\nGameStop is set to become the “Amazon of gaming”\nGameStop entered the year with three distribution facilities and added new fulfilment centers in York, Pennsylvania, and Reno, Nevada, along with the customer care center in Florida. Building out this massive footprint with Amazon-sized centers is essential to realizing chairman Ryan Cohen’s vision. So, while Cohen and CEO Matt Furlong aren’t saying it out loud as Furlong only teased GameStop has “been exploring emerging opportunities in blockchain, NFTs, and Web 3.0 gaming”, the company’s actions speak for themselves.   It would have also been nice to hear more about its partnerships with Samsung, LG Display Co Ltd (NYSE: LPL), Razer Inc (OTC: RAZFF), Vizio Holding Group (NYSE: VZIO), Logitech (NASDAQ, LOGI) and Asus management previously teased.\nThe verdict\nGameStop is a company undergoing transformation from a brick-and-mortar chain into an e-commerce retailer. But this turnaround is taking place in an environment shaped by escalating costs that are causing the company to burn through twice as much cash compared to a year ago. Unfortunately, management is practically not any particular insight into what it is doing to engineer this business turnaround. However, in times when so many companies used opaque reporting in the past to cover up fraud, simply saying buzzwords and catchphrases is never as good as actually shining light on the company’s actions. In addition, a recent Kotaku report show the discontent of store workers who say they are overworked and understaffed. Fortunately for the company, it seems small investors are patient and are trusting the leadership of former Chewy.com (NYSE: CHWY) founder Ryan Cohen who made billions selling pet food online. He brought former Amazon.com Inc (NASDAQ: AMZN) executives on board, and since then, GameStop has reduced online shipping times for games from weeks to days. For now, it seems investors are giving him space to do what is necessary for GameStop to reverse course – only time will tell if Cohen’s strategy can win the game.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607445038,"gmtCreate":1639581653814,"gmtModify":1639581653947,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"Down down down... Oh gosh.&nbsp;","listText":"Down down down... Oh gosh.&nbsp;","text":"Down down down... Oh gosh.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607445038","repostId":"1158262934","repostType":2,"repost":{"id":"1158262934","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639580117,"share":"https://www.laohunote.com/m/news/1158262934?lang=zh_CN&edition=full","pubTime":"2021-12-15 22:55","market":"us","language":"en","title":"E-commerce stocks fell sharply in morning trading, with Pinduoduo and JD.com dropping over 6%,Alibaba dropping 5%<blockquote>电子商务股早盘大幅下跌，拼多多和京东跌幅超过6%，阿里巴巴跌幅5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158262934","media":"Tiger Newspress","summary":"E-commerce stocks fell sharply in morning trading, with Pinduoduo and JD.com dropping over 6%,Alibab","content":"<p>E-commerce stocks fell sharply&nbsp;in morning trading, with Pinduoduo and JD.com dropping over 6%,Alibaba&nbsp;dropping&nbsp;5%.</p><p><blockquote>电商股早盘大跌，拼多多、京东跌超6%，阿里巴巴跌超5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a2a18e1400b6dcf51082ed27c6cf389e\" tg-width=\"289\" tg-height=\"278\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></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>E-commerce stocks fell sharply in morning trading, with Pinduoduo and JD.com dropping over 6%,Alibaba dropping 5%<blockquote>电子商务股早盘大幅下跌，拼多多和京东跌幅超过6%，阿里巴巴跌幅5%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nE-commerce stocks fell sharply in morning trading, with Pinduoduo and JD.com dropping over 6%,Alibaba dropping 5%<blockquote>电子商务股早盘大幅下跌，拼多多和京东跌幅超过6%，阿里巴巴跌幅5%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-15 22:55</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>E-commerce stocks fell sharply&nbsp;in morning trading, with Pinduoduo and JD.com dropping over 6%,Alibaba&nbsp;dropping&nbsp;5%.</p><p><blockquote>电商股早盘大跌，拼多多、京东跌超6%，阿里巴巴跌超5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a2a18e1400b6dcf51082ed27c6cf389e\" tg-width=\"289\" tg-height=\"278\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158262934","content_text":"E-commerce stocks fell sharply in morning trading, with Pinduoduo and JD.com dropping over 6%,Alibaba dropping 5%.","news_type":1,"symbols_score_info":{"JD":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":3119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607872926,"gmtCreate":1639529057162,"gmtModify":1639529057438,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"Like it's true","listText":"Like it's true","text":"Like it's true","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607872926","repostId":"1103369346","repostType":2,"isVote":1,"tweetType":1,"viewCount":2918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607343276,"gmtCreate":1639493282932,"gmtModify":1639493283093,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;siao... I hope AMC close down and&nbsp;lose all their money.&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;siao... I hope AMC close down and&nbsp;lose all their money.&nbsp;","text":"$AMC Entertainment(AMC)$ siao... I hope AMC close down and lose all their money.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/607343276","isVote":1,"tweetType":1,"viewCount":3665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607965020,"gmtCreate":1639475958164,"gmtModify":1639476253651,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"Don't be the last to sell...&nbsp;","listText":"Don't be the last to sell...&nbsp;","text":"Don't be the last to sell...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607965020","repostId":"1119841872","repostType":2,"repost":{"id":"1119841872","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639472518,"share":"https://www.laohunote.com/m/news/1119841872?lang=zh_CN&edition=full","pubTime":"2021-12-14 17:01","market":"us","language":"en","title":"AMC continued to fall over 6% in premarket trading as its CEO and CFO sold a total of more than $10 million worth of stock<blockquote>AMC 在盘前交易中继续下跌超过 6%，其首席执行官和首席财务官总共出售了价值超过 1000 万美元的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119841872","media":"Tiger Newspress","summary":"AMC continued to fall over 6% in premarket trading as its CEO and CFO sold a total of more than $10 ","content":"<p>AMC continued to fall over 6% in premarket trading as its&nbsp;CEO&nbsp;and&nbsp;CFO&nbsp;sold&nbsp;a total of more than $10 million worth of stock.<img src=\"https://static.tigerbbs.com/0fa76809ec85280fe97059676147b9e1\" tg-width=\"766\" tg-height=\"562\" width=\"100%\" height=\"auto\">The company&nbsp;disclosed late Thursday that sold a total of $10.2 million worth of the movie theater operator's stock earlier&nbsp;last&nbsp;week.&nbsp;</p><p><blockquote>AMC 在盘前交易中继续下跌超过 6%，其首席执行官和首席财务官总共出售了价值超过 1000 万美元的股票。该公司周四晚间披露，上周早些时候出售了这家电影院运营商总计价值 1020 万美元的股票。</blockquote></p><p> &nbsp;In Form 4 filings with the Securities and Exchange Commission, the company said Chief Executive Adam Aron sold 312,500 shares in the open market at volume weighted average price of $30.867 on&nbsp;last&nbsp;Tuesday, to raise $9.65 million, as part of a Rule 10b5-1 trading plan adopted more than 30 days before the trades. Chief Financial Officer Sean Goodman sold 18,316 shares at $30.862 on Jan. 7 to raise $565,268, also part of a prearranged trading plan.</p><p><blockquote>该公司在向美国证券交易委员会提交的 Form 4 文件中表示，首席执行官亚当·阿伦 (Adam Aron) 上周二在公开市场上以 30.867 美元的成交量加权平均价格出售了 312,500 股股票，筹集了 965 万美元，作为规则 10b5-1 的一部分交易计划在交易前 30 多天采用。首席财务官肖恩·古德曼 (Sean Goodman) 于 1 月 7 日以 30.862 美元的价格出售了 18,316 股股票，筹集了 565,268 美元，这也是预先安排的交易计划的一部分。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC continued to fall over 6% in premarket trading as its CEO and CFO sold a total of more than $10 million worth of stock<blockquote>AMC 在盘前交易中继续下跌超过 6%，其首席执行官和首席财务官总共出售了价值超过 1000 万美元的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC continued to fall over 6% in premarket trading as its CEO and CFO sold a total of more than $10 million worth of stock<blockquote>AMC 在盘前交易中继续下跌超过 6%，其首席执行官和首席财务官总共出售了价值超过 1000 万美元的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-14 17:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>AMC continued to fall over 6% in premarket trading as its&nbsp;CEO&nbsp;and&nbsp;CFO&nbsp;sold&nbsp;a total of more than $10 million worth of stock.<img src=\"https://static.tigerbbs.com/0fa76809ec85280fe97059676147b9e1\" tg-width=\"766\" tg-height=\"562\" width=\"100%\" height=\"auto\">The company&nbsp;disclosed late Thursday that sold a total of $10.2 million worth of the movie theater operator's stock earlier&nbsp;last&nbsp;week.&nbsp;</p><p><blockquote>AMC 在盘前交易中继续下跌超过 6%，其首席执行官和首席财务官总共出售了价值超过 1000 万美元的股票。该公司周四晚间披露，上周早些时候出售了这家电影院运营商总计价值 1020 万美元的股票。</blockquote></p><p> &nbsp;In Form 4 filings with the Securities and Exchange Commission, the company said Chief Executive Adam Aron sold 312,500 shares in the open market at volume weighted average price of $30.867 on&nbsp;last&nbsp;Tuesday, to raise $9.65 million, as part of a Rule 10b5-1 trading plan adopted more than 30 days before the trades. Chief Financial Officer Sean Goodman sold 18,316 shares at $30.862 on Jan. 7 to raise $565,268, also part of a prearranged trading plan.</p><p><blockquote>该公司在向美国证券交易委员会提交的 Form 4 文件中表示，首席执行官亚当·阿伦 (Adam Aron) 上周二在公开市场上以 30.867 美元的成交量加权平均价格出售了 312,500 股股票，筹集了 965 万美元，作为规则 10b5-1 的一部分交易计划在交易前 30 多天采用。首席财务官肖恩·古德曼 (Sean Goodman) 于 1 月 7 日以 30.862 美元的价格出售了 18,316 股股票，筹集了 565,268 美元，这也是预先安排的交易计划的一部分。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119841872","content_text":"AMC continued to fall over 6% in premarket trading as its CEO and CFO sold a total of more than $10 million worth of stock.The company disclosed late Thursday that sold a total of $10.2 million worth of the movie theater operator's stock earlier last week. \n In Form 4 filings with the Securities and Exchange Commission, the company said Chief Executive Adam Aron sold 312,500 shares in the open market at volume weighted average price of $30.867 on last Tuesday, to raise $9.65 million, as part of a Rule 10b5-1 trading plan adopted more than 30 days before the trades. Chief Financial Officer Sean Goodman sold 18,316 shares at $30.862 on Jan. 7 to raise $565,268, also part of a prearranged trading plan.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":3066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604758936,"gmtCreate":1639448890277,"gmtModify":1639448935729,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"Just don't be the last to sell. When the panic button or insider start selling. Unless you know better than than the insiders.&nbsp;","listText":"Just don't be the last to sell. When the panic button or insider start selling. Unless you know better than than the insiders.&nbsp;","text":"Just don't be the last to sell. When the panic button or insider start selling. Unless you know better than than the insiders.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604758936","repostId":"1115346113","repostType":4,"isVote":1,"tweetType":1,"viewCount":2909,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604533454,"gmtCreate":1639409573362,"gmtModify":1639411088943,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;cheap deal? Buy now.&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;cheap deal? Buy now.&nbsp;","text":"$AMC Entertainment(AMC)$ cheap deal? Buy now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604533454","repostId":"2191988234","repostType":2,"isVote":1,"tweetType":1,"viewCount":2790,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604597151,"gmtCreate":1639409270990,"gmtModify":1639410243924,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;if you don't dump it now you will be the last to dump. By the time you don't lose more. True?&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;if you don't dump it now you will be the last to dump. By the time you don't lose more. True?&nbsp;","text":"$AMC Entertainment(AMC)$ if you don't dump it now you will be the last to dump. By the time you don't lose more. True?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/604597151","isVote":1,"tweetType":1,"viewCount":2460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605608729,"gmtCreate":1639149104197,"gmtModify":1639149129025,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;haiz.... China stocks seem&nbsp;hopeless","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;haiz.... China stocks seem&nbsp;hopeless","text":"$Alibaba(BABA)$ haiz.... China stocks seem hopeless","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605608729","isVote":1,"tweetType":1,"viewCount":1076,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845905816,"gmtCreate":1636259212426,"gmtModify":1636259212602,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"Nightlight saving","listText":"Nightlight saving","text":"Nightlight saving","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/845905816","repostId":"1136116425","repostType":4,"repost":{"id":"1136116425","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636104081,"share":"https://www.laohunote.com/m/news/1136116425?lang=zh_CN&edition=full","pubTime":"2021-11-05 17:21","market":"us","language":"en","title":"U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021<blockquote>美国夏令时于 2021 年 11 月 7 日星期日结束</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136116425","media":"Tiger Newspress","summary":"Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00 a.m.\nAt that time,the regu","content":"<p>Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00&nbsp;a.m.</p><p><blockquote>亲爱的老虎们，美国夏令时于2021年11月7日周日凌晨2:00结束。</blockquote></p><p> At that time,the regular trading period of the US stock market will move toward by one hour, which will become 22:30 p.m.to 5:00 a.m（Beijing Time/SGT）. </p><p><blockquote>届时，美国股市的常规交易时段将提前一小时，即北京时间晚上22:30至凌晨5:00。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e441a1a98d5230fc31d6f1652e577bde\" tg-width=\"674\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Trading Hours</b></p><p><blockquote><b>交易时间</b></blockquote></p><p> U.S.&nbsp;Eastern Time:9:30 ~ 16:00; Beijing time /SGT :22:30 ~&nbsp;5:00 the next day</p><p><blockquote>美国东部时间：9:30~16:00；北京时间/SGT：22:30~次日5:00</blockquote></p><p> <b>pre-trade</b></p><p><blockquote><b>交易前</b></blockquote></p><p> U.S.&nbsp;Eastern Time:4:00 ~ 9:30;Beijing time/SGT :17:00&nbsp;~&nbsp;22:30</p><p><blockquote>美国东部时间：4:00~9:30；北京时间/SGT：17:00~22:30</blockquote></p><p> <b>post-trade</b></p><p><blockquote><b>交易后</b></blockquote></p><p> U.S.&nbsp;Eastern Time:16：00~20：00;Beijing time/SGT:5:00&nbsp;~&nbsp;9:00</p><p><blockquote>美国东部时间：16:00~20:00；北京时间/SGT：5:00~9:00</blockquote></p><p> (Note: Daylight saving time always begins on the second Sunday in March and ends on the first Sunday in November)</p><p><blockquote>（注：夏令时总是从三月的第二个星期日开始，到十一月的第一个星期日结束）</blockquote></p><p></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>U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021<blockquote>美国夏令时于 2021 年 11 月 7 日星期日结束</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Daylight Saving Time Ends on Sunday, Nov.7 2021<blockquote>美国夏令时于 2021 年 11 月 7 日星期日结束</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-05 17:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00&nbsp;a.m.</p><p><blockquote>亲爱的老虎们，美国夏令时于2021年11月7日周日凌晨2:00结束。</blockquote></p><p> At that time,the regular trading period of the US stock market will move toward by one hour, which will become 22:30 p.m.to 5:00 a.m（Beijing Time/SGT）. </p><p><blockquote>届时，美国股市的常规交易时段将提前一小时，即北京时间晚上22:30至凌晨5:00。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e441a1a98d5230fc31d6f1652e577bde\" tg-width=\"674\" tg-height=\"365\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Trading Hours</b></p><p><blockquote><b>交易时间</b></blockquote></p><p> U.S.&nbsp;Eastern Time:9:30 ~ 16:00; Beijing time /SGT :22:30 ~&nbsp;5:00 the next day</p><p><blockquote>美国东部时间：9:30~16:00；北京时间/SGT：22:30~次日5:00</blockquote></p><p> <b>pre-trade</b></p><p><blockquote><b>交易前</b></blockquote></p><p> U.S.&nbsp;Eastern Time:4:00 ~ 9:30;Beijing time/SGT :17:00&nbsp;~&nbsp;22:30</p><p><blockquote>美国东部时间：4:00~9:30；北京时间/SGT：17:00~22:30</blockquote></p><p> <b>post-trade</b></p><p><blockquote><b>交易后</b></blockquote></p><p> U.S.&nbsp;Eastern Time:16：00~20：00;Beijing time/SGT:5:00&nbsp;~&nbsp;9:00</p><p><blockquote>美国东部时间：16:00~20:00；北京时间/SGT：5:00~9:00</blockquote></p><p> (Note: Daylight saving time always begins on the second Sunday in March and ends on the first Sunday in November)</p><p><blockquote>（注：夏令时总是从三月的第二个星期日开始，到十一月的第一个星期日结束）</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136116425","content_text":"Dear Tigers, U.S. Daylight Saving Time Ends on Sunday, Nov.7 2021,at 2:00 a.m.\nAt that time,the regular trading period of the US stock market will move toward by one hour, which will become 22:30 p.m.to 5:00 a.m（Beijing Time/SGT）. \n\nTrading Hours\nU.S. Eastern Time:9:30 ~ 16:00; Beijing time /SGT :22:30 ~ 5:00 the next day\npre-trade\nU.S. Eastern Time:4:00 ~ 9:30;Beijing time/SGT :17:00 ~ 22:30\npost-trade\nU.S. Eastern Time:16：00~20：00;Beijing time/SGT:5:00 ~ 9:00\n(Note: Daylight saving time always begins on the second Sunday in March and ends on the first Sunday in November)","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":946,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":856969578,"gmtCreate":1635142501057,"gmtModify":1635142501306,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"Hodl apes... It will go up","listText":"Hodl apes... It will go up","text":"Hodl apes... It will go up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/856969578","repostId":"1163651002","repostType":4,"isVote":1,"tweetType":1,"viewCount":1011,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851496889,"gmtCreate":1634918383421,"gmtModify":1634918383641,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>&nbsp;to the moon.. The new&nbsp;<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>","listText":"<a href=\"https://laohu8.com/S/PHUN\">$Phunware, Inc.(PHUN)$</a>&nbsp;to the moon.. The new&nbsp;<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>","text":"$Phunware, Inc.(PHUN)$ to the moon.. The new $AMC Entertainment(AMC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851496889","isVote":1,"tweetType":1,"viewCount":1381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851405715,"gmtCreate":1634917695710,"gmtModify":1634917695928,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/DWAC\">$Digital World Acquisition Corp(DWAC)$</a>&nbsp;WSB will not win this time.... Like&nbsp;<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a><a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>","listText":"<a href=\"https://laohu8.com/S/DWAC\">$Digital World Acquisition Corp(DWAC)$</a>&nbsp;WSB will not win this time.... Like&nbsp;<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a><a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>","text":"$Digital World Acquisition Corp(DWAC)$ WSB will not win this time.... Like $GameStop(GME)$$AMC Entertainment(AMC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851405715","isVote":1,"tweetType":1,"viewCount":1278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851504779,"gmtCreate":1634912989983,"gmtModify":1634912999991,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"sell&nbsp;<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>to buy&nbsp;<a href=\"https://laohu8.com/S/DWAC\">$Digital World Acquisition Corp(DWAC)$</a>&nbsp;? 120% omg...","listText":"sell&nbsp;<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>to buy&nbsp;<a href=\"https://laohu8.com/S/DWAC\">$Digital World Acquisition Corp(DWAC)$</a>&nbsp;? 120% omg...","text":"sell $AMC Entertainment(AMC)$to buy $Digital World Acquisition Corp(DWAC)$ ? 120% omg...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/851504779","isVote":1,"tweetType":1,"viewCount":2000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851509748,"gmtCreate":1634912735935,"gmtModify":1634912786813,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BITO\">$ProShares Bitcoin Strategy ETF(BITO)$</a>&nbsp;will it go below 40??","listText":"<a href=\"https://laohu8.com/S/BITO\">$ProShares Bitcoin Strategy ETF(BITO)$</a>&nbsp;will it go below 40??","text":"$ProShares Bitcoin Strategy ETF(BITO)$ will it go below 40??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851509748","isVote":1,"tweetType":1,"viewCount":981,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851278270,"gmtCreate":1634912480697,"gmtModify":1634912480927,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>&nbsp;sell?&nbsp;<a href=\"https://laohu8.com/S/DWAC\">$Digital World Acquisition Corp(DWAC)$</a>&nbsp;buy?&nbsp;","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>&nbsp;sell?&nbsp;<a href=\"https://laohu8.com/S/DWAC\">$Digital World Acquisition Corp(DWAC)$</a>&nbsp;buy?&nbsp;","text":"$GameStop(GME)$ sell? $Digital World Acquisition Corp(DWAC)$ buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/851278270","isVote":1,"tweetType":1,"viewCount":1314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853403524,"gmtCreate":1634827347538,"gmtModify":1634827460109,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;long this stock the potential is there... Not like AMC and GME&nbsp;","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;long this stock the potential is there... Not like AMC and GME&nbsp;","text":"$Alibaba(BABA)$ long this stock the potential is there... Not like AMC and GME","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853403524","isVote":1,"tweetType":1,"viewCount":1013,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":102245235,"gmtCreate":1620221413927,"gmtModify":1634206891802,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>&nbsp;some people here just own a few shares and demand GME to give you rights in voting. They think they own the company.Brainless.&nbsp;","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>&nbsp;some people here just own a few shares and demand GME to give you rights in voting. They think they own the company.Brainless.&nbsp;","text":"$GameStop(GME)$ some people here just own a few shares and demand GME to give you rights in voting. They think they own the company.Brainless.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":2,"commentSize":17,"repostSize":0,"link":"https://laohu8.com/post/102245235","isVote":1,"tweetType":1,"viewCount":2791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104412790,"gmtCreate":1620402879310,"gmtModify":1634205465506,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>&nbsp;stop game stop game stop game stop gamble stop gamble","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>&nbsp;stop game stop game stop game stop gamble stop gamble","text":"$GameStop(GME)$ stop game stop game stop game stop gamble stop gamble","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":17,"repostSize":0,"link":"https://laohu8.com/post/104412790","isVote":1,"tweetType":1,"viewCount":1103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194387261,"gmtCreate":1621343434753,"gmtModify":1634192303210,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;will the Indian&nbsp;covid virus go into the USA and give them the next wave of virus? Cinema will still open?&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;will the Indian&nbsp;covid virus go into the USA and give them the next wave of virus? Cinema will still open?&nbsp;","text":"$AMC Entertainment(AMC)$ will the Indian covid virus go into the USA and give them the next wave of virus? Cinema will still open?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/194387261","isVote":1,"tweetType":1,"viewCount":1766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":851504779,"gmtCreate":1634912989983,"gmtModify":1634912999991,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"sell&nbsp;<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>to buy&nbsp;<a href=\"https://laohu8.com/S/DWAC\">$Digital World Acquisition Corp(DWAC)$</a>&nbsp;? 120% omg...","listText":"sell&nbsp;<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>to buy&nbsp;<a href=\"https://laohu8.com/S/DWAC\">$Digital World Acquisition Corp(DWAC)$</a>&nbsp;? 120% omg...","text":"sell $AMC Entertainment(AMC)$to buy $Digital World Acquisition Corp(DWAC)$ ? 120% omg...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/851504779","isVote":1,"tweetType":1,"viewCount":2000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":807316439,"gmtCreate":1628000255421,"gmtModify":1631892207126,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;this stock can only be helped if China people invest. Else the Americans will not invest cause they hate China. But Chinese people like&nbsp;<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>and&nbsp;<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;it seems. China help American company cannot help their own country stocks. Funny.&nbsp;","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;this stock can only be helped if China people invest. Else the Americans will not invest cause they hate China. But Chinese people like&nbsp;<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>and&nbsp;<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>&nbsp;it seems. China help American company cannot help their own country stocks. Funny.&nbsp;","text":"$Alibaba(BABA)$ this stock can only be helped if China people invest. Else the Americans will not invest cause they hate China. But Chinese people like $GameStop(GME)$and $AMC Entertainment(AMC)$ it seems. China help American company cannot help their own country stocks. Funny.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/807316439","isVote":1,"tweetType":1,"viewCount":2412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801943051,"gmtCreate":1627480857073,"gmtModify":1633764601394,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>&nbsp;sold it.... Have you?&nbsp;","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>&nbsp;sold it.... Have you?&nbsp;","text":"$GameStop(GME)$ sold it.... Have you?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/801943051","isVote":1,"tweetType":1,"viewCount":1461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354908415,"gmtCreate":1617115872037,"gmtModify":1634522565806,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"seems like China people support&nbsp;<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>&nbsp;more than their China owned companies like&nbsp;<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;will China government like that? Perhaps.&nbsp;","listText":"seems like China people support&nbsp;<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>&nbsp;more than their China owned companies like&nbsp;<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;will China government like that? Perhaps.&nbsp;","text":"seems like China people support $GameStop(GME)$ more than their China owned companies like $Alibaba(BABA)$ will China government like that? Perhaps.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/354908415","isVote":1,"tweetType":1,"viewCount":2238,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575594004305051","authorId":"3575594004305051","name":"虎了巴唧","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575594004305051","idStr":"3575594004305051"},"content":"The real Chinese have bought Alibaba at 200. GME is a gambling, regardless of nationality, people are just trying to make a profit in the wave of capital. Don't be swayed by the passion of others.","text":"The real Chinese have bought Alibaba at 200. GME is a gambling, regardless of nationality, people are just trying to make a profit in the wave of capital. Don't be swayed by the passion of others.","html":"The real Chinese have bought Alibaba at 200. GME is a gambling, regardless of nationality, people are just trying to make a profit in the wave of capital. Don't be swayed by the passion of others."},{"author":{"id":"3548452324602034","authorId":"3548452324602034","name":"华尔街挤奶员","avatar":"https://static.tigerbbs.com/8c72c8196781549d9c4d8e62dae4768d","crmLevel":1,"crmLevelSwitch":1,"authorIdStr":"3548452324602034","idStr":"3548452324602034"},"content":"跌不跌机构说的算.韭菜熟了，就收割！就这么简单.","text":"跌不跌机构说的算.韭菜熟了，就收割！就这么简单.","html":"跌不跌机构说的算.韭菜熟了，就收割！就这么简单."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356419752,"gmtCreate":1616805851976,"gmtModify":1634523926242,"author":{"id":"3555192598177225","authorId":"3555192598177225","name":"Jj1985","avatar":"https://static.tigerbbs.com/d52a052d654dfb301401489286662068","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3555192598177225","idStr":"3555192598177225"},"themes":[],"title":"","htmlText":"China VS USA. Like this&nbsp;<a href=\"https://laohu8.com/S/ZH\">$Zhihu(ZH)$</a>&nbsp;vs&nbsp;<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>","listText":"China VS USA. Like this&nbsp;<a href=\"https://laohu8.com/S/ZH\">$Zhihu(ZH)$</a>&nbsp;vs&nbsp;<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>","text":"China VS USA. Like this $Zhihu(ZH)$ vs $GameStop(GME)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/356419752","repostId":"1141686975","repostType":4,"repost":{"id":"1141686975","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616780260,"share":"https://www.laohunote.com/m/news/1141686975?lang=zh_CN&edition=full","pubTime":"2021-03-27 01:37","market":"us","language":"en","title":"Zhihu Technology fall on its first day of trading<blockquote>知乎科技首日交易下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141686975","media":"Tiger Newspress","summary":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO pri","content":"<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><blockquote>知乎科技股价周五开盘价为每股 8.02 美元，比公司 9.5 美元的 IPO 价格低约 15.6%。知乎的 IPO 价格处于区间的低端，公司估值约为 53 亿美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p><blockquote>知乎公司周五公布了首次公开募股的定价，为每股美国存托股9.50美元，处于预期范围的低端。这家总部位于中国的在线内容公司在IPO中提供了5500万份广告，筹集了5.225亿美元，而定价对该公司的估值约为53.1亿美元。</blockquote></p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><blockquote>知乎有一个类似于Quora的商业模式，数百万人提出问题，交流他们的观点和经验。知乎已经成为中国最大的在线问答社区。</blockquote></p><p><b>Sales Breakdown</b></p><p><blockquote><b>销售明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p><blockquote>广告和付费会员占该公司收入的最大部分。于二零一九年及二零二零年，广告分别占总收入的86.1%及62.4%。我们预计广告占收入的百分比将在未来五年逐渐下降，因为它被更快增长的付费会员和内容商务解决方案所抵消。我们估计广告占销售额的百分比将在2021年下降至34.1%，在2025年下降至22.3%。</blockquote></p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。我们假设付费会员收入占总收入的百分比将在2021年增加到31.5%，在2025年增加到37.8%。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><blockquote>内容商务解决方案和其他销售额在2020年也大幅增长。内容商务解决方案收入由2019年的人民币60万元跃升至2020年的人民币1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足他们所有的销售和营销需求，包括营销计划。我们假设内容商务解决方案占总收入的百分比将从2020年的10%跃升至2021年的17.8%和2025年的32.3%。</blockquote></p><p><b>Gross Margins</b></p><p><blockquote><b>毛利率</b></blockquote></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><blockquote>在业务可扩展性整体提升的推动下，公司毛利率由2019年的46.6%提升至2020年的56.0%。我们假设毛利率将进一步提高至2021年的57.4%和2025年的62.3%。</blockquote></p><p><b>Total Operating Expenses and Operating Margins</b></p><p><blockquote><b>总营业费用及营业利润率</b></blockquote></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><blockquote>总营运开支占收入的百分比由二零一九年的204.4%大幅下降至二零二零年的100.6%。我们预计这一比率将在2021年进一步提高至79%，2022年达到69.2%，2025年达到57.2%。运营费用的大部分改善来自于未来五年SG&amp;A和R&amp;D费用占收入百分比的降低。</blockquote></p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Company Background</b></p><p><blockquote><b>公司背景</b></blockquote></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p><blockquote>截至2020年底，知乎累计拥有超过4310万内容创作者，贡献了3.15亿个问答。2020年第四季度，该公司平均月活跃用户7570万，同比增长33%。该公司的主要优势之一是它被公认为最值得信赖的在线内容社区之一，并被认为提供中国最高质量的内容之一。知乎试图利用其庞大的用户群提供众多多媒体功能，包括直播、电子商务、在线教育和其他视频内容。</blockquote></p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p><blockquote>2019年8月，知乎从百度和快手科技等领先投资者那里获得了4.34亿美元的资金，公司估值为35亿美元。鉴于该公司2019年的销售额为9700万美元，这意味着市盈率为36倍。如果我们将相同的市盈率应用于该公司 2020 年 2.07 亿美元的销售额，这将表明隐含估值为 75 亿美元。</blockquote></p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><blockquote>知乎最初开发于2010年，是一个问答在线社区。截至2020年底，共有3.15亿条问答，涵盖1000多个垂直领域和57.1万个主题。就2020年的平均移动MAU和收入而言，知乎是中国五大综合在线内容社区之一。该公司使用人工智能、云和大数据算法来提高其内容和服务的优化。</blockquote></p><p><b>Major Shareholders of Zhihu</b></p><p><blockquote><b>知乎主要股东</b></blockquote></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><blockquote>创始人兼首席执行官周源拥有该公司8.2%的股份（但拥有46.6%的投票权）。创新工场拥有知乎13.1%的股份，腾讯控股控股有限公司拥有知乎12.3%的股份。</blockquote></p><p><b>Key Demographics</b></p><p><blockquote><b>主要人口统计</b></blockquote></p><p></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><blockquote>下图提供了知乎用户群的一些关键人口统计数据。男性占用户总数的56.9%。30岁以下的人占其总用户群的78.7%。一线及新一线城市占总用户群的52.6%。知乎的很多用户都是学生和白领职场人士。</blockquote></p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Revenue Breakdown</b></p><p><blockquote><b>收入明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p><blockquote>广告和付费会员占该公司收入的最大部分。于二零一九年及二零二零年，广告分别占总收入的86.1%及62.4%。本公司的广告收入主要由其每月活跃用户及每月活跃用户的广告收入推动。2020年，该公司的MAU同比增长42.7%至6850万。该公司于2016年开始在线广告业务，并于2018年推出付费内容。</blockquote></p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。2020年，平均每月会员人数同比增长311.5%至236万，这证明越来越多的客户重视知乎上的优质内容。</blockquote></p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p><blockquote>2019年3月，该公司推出了Yan Selection会员计划，使其成为第一个基于付费的问答社区。它为会员提供了无限制访问约340万个付费内容的机会，包括在线讲座、专栏、有声读物和电子期刊。这是该公司最大的优势之一，因为它展示了高质量的数据和内容如何产生大量的收入，并且还提供了更稳定的每月收入流入。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p><blockquote>内容商务解决方案和其他销售额在2020年也大幅增长。内容商务解决方案收入由2019年的人民币60万元跃升至2020年的人民币1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足他们所有的销售和营销需求，包括营销计划、将最相关的内容创作者分配给感兴趣的用户以及促进内容创作。</blockquote></p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><blockquote>中国的内容商务解决方案市场预计将是未来几年增长最快的行业之一。根据灼识谘询，预计2019年至2025年，中国内容商务解决方案市场将实现46.4%的强劲复合年增长率（1,123亿元人民币）。</blockquote></p><p><b>Market Opportunities</b></p><p><blockquote><b>市场机会</b></blockquote></p><p><b>China’s Online Content Communities Market Size</b></p><p><blockquote><b>中国在线内容社区市场规模</b></blockquote></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p><blockquote>在线内容社区是指以UGC（用户生成内容）为中心的（包括PUGC（专业用户生成内容）为中心的在线内容市场参与者，其中内容创建者也是用户，他们在社区内积极参与。与PGC（专业生成内容）玩家相比，内容社区通常可以刺激更高水平的用户参与、更多交互式的用户体验，并享受更低的内容成本。PGC是由品牌公司或组织创建的内容。</blockquote></p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p><blockquote>中国在线内容社区市场规模由二零一五年的386亿元人民币增长至二零一九年的2758亿元人民币，预计二零二五年将进一步增长至1.3万亿元人民币，二零一九年至二零二五年的复合年增长率为30.3%，高于整体在线内容市场的增长。</blockquote></p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p><blockquote>中国在线内容社区市场拥有更多元化的变现渠道，包括在线广告、付费会员、内容电子商务、内容商务解决方案、直播中的虚拟礼物、网络游戏和在线教育服务。相比之下，美国在线内容社区的变现主要是通过广告。</blockquote></p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><blockquote>该公司的一大积极因素是越来越多的中国消费者愿意为更高质量的内容付费。2019 年至 2025 年间，中国在线内容社区的付费用户数量预计将以 17.1% 的复合年增长率增长，这意味着到 2025 年，在线内容社区的付费用户数量将增加 3.604 亿，达到 5.882 亿。</blockquote></p><p><b>China's Online Content Market</b></p><p><blockquote><b>中国网络内容市场</b></blockquote></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><blockquote>中国在线内容市场从2015年增长了两倍，到2019年达到1.2万亿元人民币。该市场预计将于2025年增长至3.7万亿元人民币，2019年至2025年的复合年增长率为21.4%。</blockquote></p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>2015-2025年中国在线内容市场规模（按收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><blockquote><b>2015-2025年中国在线内容社区市场规模（按收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>2015-2025年中国付费会员市场规模（按收入计）</b></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Content-commerce solutions</b></p><p><blockquote><b>内容商务解决方案</b></blockquote></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><blockquote>为了提供整合营销服务，在线内容社区为内容创建、内容分发和内容转换提供内容商务解决方案。该公司提供集成的内容商务解决方案，为商家和品牌的所有销售和营销需求提供一站式服务，从制定营销计划、促进内容创作、分配最相关的内容创作者，到分发给感兴趣的用户。中国内容商务解决方案市场预计将从2019年的114亿元人民币增长至2025年的1123亿元人民币，复合年增长率为46.4%。</blockquote></p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>中国内容商务解决方案市场规模（按收入计），2015-2025E</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></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>Zhihu Technology fall on its first day of trading<blockquote>知乎科技首日交易下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZhihu Technology fall on its first day of trading<blockquote>知乎科技首日交易下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-27 01:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><blockquote>知乎科技股价周五开盘价为每股 8.02 美元，比公司 9.5 美元的 IPO 价格低约 15.6%。知乎的 IPO 价格处于区间的低端，公司估值约为 53 亿美元。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p><blockquote>知乎公司周五公布了首次公开募股的定价，为每股美国存托股9.50美元，处于预期范围的低端。这家总部位于中国的在线内容公司在IPO中提供了5500万份广告，筹集了5.225亿美元，而定价对该公司的估值约为53.1亿美元。</blockquote></p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><blockquote>知乎有一个类似于Quora的商业模式，数百万人提出问题，交流他们的观点和经验。知乎已经成为中国最大的在线问答社区。</blockquote></p><p><b>Sales Breakdown</b></p><p><blockquote><b>销售明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p><blockquote>广告和付费会员占该公司收入的最大部分。于二零一九年及二零二零年，广告分别占总收入的86.1%及62.4%。我们预计广告占收入的百分比将在未来五年逐渐下降，因为它被更快增长的付费会员和内容商务解决方案所抵消。我们估计广告占销售额的百分比将在2021年下降至34.1%，在2025年下降至22.3%。</blockquote></p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。我们假设付费会员收入占总收入的百分比将在2021年增加到31.5%，在2025年增加到37.8%。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><blockquote>内容商务解决方案和其他销售额在2020年也大幅增长。内容商务解决方案收入由2019年的人民币60万元跃升至2020年的人民币1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足他们所有的销售和营销需求，包括营销计划。我们假设内容商务解决方案占总收入的百分比将从2020年的10%跃升至2021年的17.8%和2025年的32.3%。</blockquote></p><p><b>Gross Margins</b></p><p><blockquote><b>毛利率</b></blockquote></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><blockquote>在业务可扩展性整体提升的推动下，公司毛利率由2019年的46.6%提升至2020年的56.0%。我们假设毛利率将进一步提高至2021年的57.4%和2025年的62.3%。</blockquote></p><p><b>Total Operating Expenses and Operating Margins</b></p><p><blockquote><b>总营业费用及营业利润率</b></blockquote></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><blockquote>总营运开支占收入的百分比由二零一九年的204.4%大幅下降至二零二零年的100.6%。我们预计这一比率将在2021年进一步提高至79%，2022年达到69.2%，2025年达到57.2%。运营费用的大部分改善来自于未来五年SG&amp;A和R&amp;D费用占收入百分比的降低。</blockquote></p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Company Background</b></p><p><blockquote><b>公司背景</b></blockquote></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p><blockquote>截至2020年底，知乎累计拥有超过4310万内容创作者，贡献了3.15亿个问答。2020年第四季度，该公司平均月活跃用户7570万，同比增长33%。该公司的主要优势之一是它被公认为最值得信赖的在线内容社区之一，并被认为提供中国最高质量的内容之一。知乎试图利用其庞大的用户群提供众多多媒体功能，包括直播、电子商务、在线教育和其他视频内容。</blockquote></p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p><blockquote>2019年8月，知乎从百度和快手科技等领先投资者那里获得了4.34亿美元的资金，公司估值为35亿美元。鉴于该公司2019年的销售额为9700万美元，这意味着市盈率为36倍。如果我们将相同的市盈率应用于该公司 2020 年 2.07 亿美元的销售额，这将表明隐含估值为 75 亿美元。</blockquote></p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><blockquote>知乎最初开发于2010年，是一个问答在线社区。截至2020年底，共有3.15亿条问答，涵盖1000多个垂直领域和57.1万个主题。就2020年的平均移动MAU和收入而言，知乎是中国五大综合在线内容社区之一。该公司使用人工智能、云和大数据算法来提高其内容和服务的优化。</blockquote></p><p><b>Major Shareholders of Zhihu</b></p><p><blockquote><b>知乎主要股东</b></blockquote></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><blockquote>创始人兼首席执行官周源拥有该公司8.2%的股份（但拥有46.6%的投票权）。创新工场拥有知乎13.1%的股份，腾讯控股控股有限公司拥有知乎12.3%的股份。</blockquote></p><p><b>Key Demographics</b></p><p><blockquote><b>主要人口统计</b></blockquote></p><p></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><blockquote>下图提供了知乎用户群的一些关键人口统计数据。男性占用户总数的56.9%。30岁以下的人占其总用户群的78.7%。一线及新一线城市占总用户群的52.6%。知乎的很多用户都是学生和白领职场人士。</blockquote></p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Revenue Breakdown</b></p><p><blockquote><b>收入明细</b></blockquote></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p><blockquote>广告和付费会员占该公司收入的最大部分。于二零一九年及二零二零年，广告分别占总收入的86.1%及62.4%。本公司的广告收入主要由其每月活跃用户及每月活跃用户的广告收入推动。2020年，该公司的MAU同比增长42.7%至6850万。该公司于2016年开始在线广告业务，并于2018年推出付费内容。</blockquote></p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p><blockquote>付费会员占2019年总收入的13.1%，2020年增至总收入的23.7%。2020年，平均每月会员人数同比增长311.5%至236万，这证明越来越多的客户重视知乎上的优质内容。</blockquote></p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p><blockquote>2019年3月，该公司推出了Yan Selection会员计划，使其成为第一个基于付费的问答社区。它为会员提供了无限制访问约340万个付费内容的机会，包括在线讲座、专栏、有声读物和电子期刊。这是该公司最大的优势之一，因为它展示了高质量的数据和内容如何产生大量的收入，并且还提供了更稳定的每月收入流入。</blockquote></p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p><blockquote>内容商务解决方案和其他销售额在2020年也大幅增长。内容商务解决方案收入由2019年的人民币60万元跃升至2020年的人民币1.358亿元。2020年初，该公司推出了内容商务解决方案，为商家和品牌提供一站式服务，满足他们所有的销售和营销需求，包括营销计划、将最相关的内容创作者分配给感兴趣的用户以及促进内容创作。</blockquote></p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><blockquote>中国的内容商务解决方案市场预计将是未来几年增长最快的行业之一。根据灼识谘询，预计2019年至2025年，中国内容商务解决方案市场将实现46.4%的强劲复合年增长率（1,123亿元人民币）。</blockquote></p><p><b>Market Opportunities</b></p><p><blockquote><b>市场机会</b></blockquote></p><p><b>China’s Online Content Communities Market Size</b></p><p><blockquote><b>中国在线内容社区市场规模</b></blockquote></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p><blockquote>在线内容社区是指以UGC（用户生成内容）为中心的（包括PUGC（专业用户生成内容）为中心的在线内容市场参与者，其中内容创建者也是用户，他们在社区内积极参与。与PGC（专业生成内容）玩家相比，内容社区通常可以刺激更高水平的用户参与、更多交互式的用户体验，并享受更低的内容成本。PGC是由品牌公司或组织创建的内容。</blockquote></p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p><blockquote>中国在线内容社区市场规模由二零一五年的386亿元人民币增长至二零一九年的2758亿元人民币，预计二零二五年将进一步增长至1.3万亿元人民币，二零一九年至二零二五年的复合年增长率为30.3%，高于整体在线内容市场的增长。</blockquote></p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p><blockquote>中国在线内容社区市场拥有更多元化的变现渠道，包括在线广告、付费会员、内容电子商务、内容商务解决方案、直播中的虚拟礼物、网络游戏和在线教育服务。相比之下，美国在线内容社区的变现主要是通过广告。</blockquote></p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><blockquote>该公司的一大积极因素是越来越多的中国消费者愿意为更高质量的内容付费。2019 年至 2025 年间，中国在线内容社区的付费用户数量预计将以 17.1% 的复合年增长率增长，这意味着到 2025 年，在线内容社区的付费用户数量将增加 3.604 亿，达到 5.882 亿。</blockquote></p><p><b>China's Online Content Market</b></p><p><blockquote><b>中国网络内容市场</b></blockquote></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><blockquote>中国在线内容市场从2015年增长了两倍，到2019年达到1.2万亿元人民币。该市场预计将于2025年增长至3.7万亿元人民币，2019年至2025年的复合年增长率为21.4%。</blockquote></p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>2015-2025年中国在线内容市场规模（按收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><blockquote><b>2015-2025年中国在线内容社区市场规模（按收入计）</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>2015-2025年中国付费会员市场规模（按收入计）</b></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Content-commerce solutions</b></p><p><blockquote><b>内容商务解决方案</b></blockquote></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><blockquote>为了提供整合营销服务，在线内容社区为内容创建、内容分发和内容转换提供内容商务解决方案。该公司提供集成的内容商务解决方案，为商家和品牌的所有销售和营销需求提供一站式服务，从制定营销计划、促进内容创作、分配最相关的内容创作者，到分发给感兴趣的用户。中国内容商务解决方案市场预计将从2019年的114亿元人民币增长至2025年的1123亿元人民币，复合年增长率为46.4%。</blockquote></p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><blockquote><b>中国内容商务解决方案市场规模（按收入计），2015-2025E</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1,"symbols_score_info":{"ZH":0.9}},"isVote":1,"tweetType":1,"viewCount":1346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}