+关注
joker1
wb's Rule No1:Never lose money
IP属地:未知
48
关注
32
粉丝
0
主题
0
勋章
主贴
热门
joker1
2021-06-10
$Tiger Brokers(TIGR)$
can tigr break the $30 mark this week??
joker1
2021-11-12
$Alibaba(09988)$
hhuh, why dropping today? Hongkie punters taking profits and run?
joker1
2021-11-02
$Alibaba(09988)$
美国拼命买[鼓掌] ,香港拼命卖[抠鼻] [晕]
joker1
2021-06-17
$SEA LTD(SE)$
hmm...wonder if there's opportunity to average up at a good price.
joker1
2021-11-17
[得意] [得意] [财迷] , huat ah!
Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲,百度季度收入超出预期</blockquote>
joker1
2021-09-01
Dumb article of the day, institutions were the ones taking most of the windfall during the GameStop short squeeze.
抱歉,原内容已删除
joker1
2021-08-19
$Tiger Brokers(TIGR)$
wake me up when September comes[叹气]
joker1
2021-07-16
$TIGR 20210716 17.5 PUT(TIGR)$
anxious final 24hrs[丢脸]
joker1
2021-06-08
All Waiting for inflation report on Thurs.
抱歉,原内容已删除
joker1
2021-08-17
$Tiger Brokers(TIGR)$
hodling, for better or worse.
joker1
2021-07-14
$Tiger Brokers(TIGR)$
patience is key
joker1
2021-06-13
$Tiger Brokers(TIGR)$
go go go!![财迷]
joker1
2021-06-03
$Tiger Brokers(TIGR)$
tigr investor, you can do better...stop chasing after a bankrupt theater company 😭
joker1
2021-07-23
$Immunoprecise Antibodies Ltd(IPA)$
so Many new friend in this stock thread suddenly, I have been lonely here for quite a while already.
joker1
2021-06-22
$BIDU-SW(09888)$
争气点啊
joker1
2021-08-10
$Tiger Brokers(TIGR)$
blast past 21 Tonight?
joker1
2021-08-08
$Tiger Brokers(TIGR)$
is Aug 16 time for the breakout?
joker1
2021-07-22
$TIGR 20210820 15.0 PUT(TIGR)$
got lucky this round[得意]
joker1
2021-06-30
$Tiger Brokers(TIGR)
the sky the limit!!
joker1
2021-05-31
$Tiger Brokers(TIGR)$
to the Moon 🌘!!
去老虎APP查看更多动态
{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3571036277019840","uuid":"3571036277019840","gmtCreate":1607944974772,"gmtModify":1623032239677,"name":"joker1","pinyin":"joker1","introduction":"","introductionEn":"","signature":"wb's Rule No1:Never lose money","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":32,"headSize":48,"tweetSize":199,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.09","exceedPercentage":"93.94%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-2","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"资深虎友","description":"加入老虎社区1000天","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.11","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.87%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":693119369,"gmtCreate":1639983964762,"gmtModify":1639983965142,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"No.","listText":"No.","text":"No.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693119369","repostId":"1109541249","repostType":2,"repost":{"id":"1109541249","kind":"news","pubTimestamp":1639972523,"share":"https://www.laohu8.com/m/news/1109541249?lang=zh_CN&edition=full","pubTime":"2021-12-20 11:55","market":"us","language":"en","title":"Sea Stock: Down 43% From Its High, is a Buy Now?<blockquote>Sea股票:较高点下跌43%,现在值得买入吗?</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109541249","media":"Seeking Alpha","summary":"Summary\n\nSea Limited stock has been battered recently as growth stocks sold off massively in the mar","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Sea Limited stock has been battered recently as growth stocks sold off massively in the market.</li> <li>However, we believe that the fundamental thesis on its rapid growth remains robust.</li> <li>We discuss why investors should capitalize on its recent significant correction to add exposure.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa5cbe0a30acc723a2c6f62300024002\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>kokkai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>由于成长型股票在市场上大量抛售,Sea Limited的股票最近遭受重创。</li><li>然而,我们认为其快速增长的基本论点仍然强劲。</li><li>我们讨论了为什么投资者应该利用其最近的重大调整来增加风险敞口。</li></ul><p class=\"t-img-caption\"><span>kokkai/iStock未通过Getty Images发布</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Sea Limited(NYSE:SE) stock is one of our highest conviction growth stocks that has been severely battered over the last month. Since its recent all-time high (ATH) in October, its price has dropped by a dramatic 43%. Many reasons have been presented on why the stock has fallen. We exhort investors not to read too much into them. We believe nothing material has changed from its fundamental thesis. The stock has had a remarkable run in 2021 relative to its gaming peers or e-tailer peers. Therefore, profit-taking of this extent should not be surprising as fear struck growth stocks.</p><p><blockquote>Sea Limited(纽约证券交易所股票代码:SE)股票是我们最有信心的成长型股票之一,但在上个月遭受了严重打击。自10月份创下历史新高(ATH)以来,其价格已大幅下跌43%。关于该股下跌的原因有很多。我们敦促投资者不要对他们解读太多。我们认为它的基本论点没有任何实质性的改变。相对于游戏同行或电子零售商同行,该股在2021年表现出色。因此,随着恐惧袭击成长型股票,这种程度的获利了结并不令人意外。</blockquote></p><p> Moreover, the recent significant correction in growth stocks across the market has also hit SE stock hard. But, we are not concerned. Significant volatility will always be a factor influencing the performance of growth stocks like SE in the short term.</p><p><blockquote>此外,近期全市场成长股的大幅回调也重创了SE股。但是,我们并不担心。短期内,大幅波动始终是影响SE等成长型股票表现的一个因素。</blockquote></p><p> Notably, we observed that the consensus target price on SE stock had been revised upwards since its FQ3 report card. Moreover, the gap between its price target and its current stock price has been greater than its last significant correction in April/May.</p><p><blockquote>值得注意的是,我们观察到,自第三季度成绩单以来,SE股票的共识目标价已向上修正。此外,其目标价与当前股价之间的差距已大于4月/5月上次大幅调整。</blockquote></p><p> Our internal DCF valuation model also points to a stock that is now significantly undervalued. Thanks to the market's myopia, we have been presented with another fantastic opportunity since April/May to add SE stock with great fervor again.</p><p><blockquote>我们的内部DCF估值模型也指向一只目前被严重低估的股票。由于市场的短视,自4月/5月以来,我们又迎来了一个绝佳的机会,再次以极大的热情增持SE股票。</blockquote></p><p> We discuss why we think investors should not miss this incredible opportunity to add exposure to an outstanding growth stock.</p><p><blockquote>我们讨论了为什么我们认为投资者不应该错过这个增加对优秀成长型股票投资的绝佳机会。</blockquote></p><p> <b>SE Stock YTD Performance</b></p><p><blockquote><b>SE股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c191d1f0f6a10e392845cdbda1264aa\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>SE stock YTD performance (as of 17 December'21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票年初至今表现(截至21年12月17日)。</span></p></blockquote></p><p> As a result of the significant correction recently, SE stock's YTD return has dropped to 6.9%, thus underperforming the market. Notably, its YTD gain was as high as 80% in October/early November. Despite that, the stock is still outperforming its e-tailer and gaming peers, as shown above.</p><p><blockquote>由于近期大幅调整,SE股票年初至今的回报率已降至6.9%,表现逊于大盘。值得注意的是,10月/11月初,其年初至今涨幅高达80%。尽管如此,该股的表现仍然优于电子零售商和游戏同行,如上所示。</blockquote></p><p> <b>Sea Stock Estimates Have Consistently Been Revised Upwards</b></p><p><blockquote><b>海洋库存估计不断上调</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8555128e2a30e924dd6c2dd162a27eea\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Sea Limited revised revenue mean consensus estimates. Data source: S&P Capital IQ, Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sea Limited修正后的收入平均共识估计。数据来源:S&P Capital IQ、Seeking Alpha</span></p></blockquote></p><p> Readers can quickly observe that the company's revenue consensus estimates for FY21-23 have consistently been revised upwards over the last five months. These revisions lend credence to the robust growth prospects of the company over the next two years. Notably, Sea Limited's revenue is estimated to increase at a phenomenal CAGR of 42.8% through FY23.</p><p><blockquote>读者可以很快观察到,该公司对2021-23财年的收入共识预期在过去五个月中一直在上调。这些修正为公司未来两年的强劲增长前景增添了信心。值得注意的是,Sea Limited的收入预计将通过2023财年以42.8%的惊人复合年增长率增长。</blockquote></p><p> There were concerns over the growth rates of its Garena gaming arm in its FQ3 report card.We also explained in our previous article that Sea Limited has clearly explained that investors should expect normalization in Garena's growth after two spectacular years. However, its monetization capability continues to dazzle. Therefore, we are confident that Garena can continue its robust monetization strategies moving forward.</p><p><blockquote>人们对其第三季度成绩单中Garena游戏部门的增长率感到担忧。我们在上一篇文章中还解释说,Sea Limited已经明确解释说,投资者应该预计Garena的增长在经历了两年的辉煌之后将正常化。然而,其变现能力继续令人眼花缭乱。因此,我们相信Garena能够继续其稳健的货币化战略。</blockquote></p><p> Moreover, data from Sensor Tower's recent gaming statistics continue to point to sturdy performance from its Free Fire game. It continues to be ranked among the top ten mobile games in terms of overall gaming revenue in November. Moreover, it's also ranked#2 in overall downloadsacross both the App Store and Google Play. Notably, it's also among eight games globally whose annual revenue crossed $1B as of 14 December. Therefore, we think the sentiments and chatter about Free Fire's \"one-shot wonder\" have been overblown.</p><p><blockquote>此外,Sensor Tower最近的游戏统计数据继续表明其Free Fire游戏的强劲性能。继续位列11月整体游戏收入排名前十的手游。此外,它在App Store和Google Play的总下载量中也排名第二。值得注意的是,截至12月14日,它也是全球年收入超过10亿美元的八款游戏之一。因此,我们认为关于Free Fire的“一次性奇迹”的情绪和喋喋不休被夸大了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51247ba1efd7fa6d333b482446e94c9a\" tg-width=\"515\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>Global games market forecast. Source: Google, Newzoo</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球游戏市场预测。资料来源:谷歌、Newzoo</span></p></blockquote></p><p></p><p> In addition, the global gaming market is estimated to experience a slight decline to $175.8B after last year's massive 23% growth to $177.8B. However, given Garena's impressive growth in FY21 despite the decline in the global market, we believe it validates its business model and prospects. Notably, the gaming market is expected to reverse its decline moving forward. Therefore, Garena's leadership in mobile gaming could continue to propel its growth underpinned by the recovery in the global gaming market.</p><p><blockquote>此外,全球游戏市场在去年大幅增长23%至$177.8 B后,预计将小幅下降至$175.8 B。然而,尽管全球市场下滑,但鉴于Garena在21财年仍取得了令人印象深刻的增长,我们相信它验证了其商业模式和前景。值得注意的是,游戏市场预计将扭转未来的颓势。因此,在全球游戏市场复苏的支持下,Garena在移动游戏领域的领导地位可能会继续推动其增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a0612da9a19f7b7198d43213b4f4470\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Shopee adjusted EBITDA per order. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Shopee调整了每个订单的EBITDA。数据来源:公司备案</span></p></blockquote></p><p> But, some investors may have been spooked by Shopee's (Sea Limited's e-commerce arm) continued expansion into new geographical markets. Notably, Shopee continues to report adjusted EBITDA loss per order, as shown above. Therefore, some investors might have been concerned about whether the company's plate is getting too much to handle. Over the last three months, the company has entered into new markets such as India, France, Spain, and Poland. They are in addition to its battle with MercadoLibre (MELI) in Latin America, particularly Brazil. As a result, there are concerns on whether Sea Limited could continue its adroit execution in these markets while still making losses. We believe such concerns are valid. However, Sea Limited has shown its tremendous capability in penetrating the most important markets where the incumbents have strong leadership. It includes Lazada (BABA) in Southeast Asia, MercadoLibre in Brazil, and Tokopedia in Indonesia. Shopee was never the first-mover. But, it took advantage as the \"late-comer\" as it sought to compete with the incumbents. It's important to note that Sea Limited is not averse to competition. It has thrived against the incumbents and has made the e-commerce space in these geographical regions much more competitive.</p><p><blockquote>但是,一些投资者可能被Shopee(Sea Limited的电子商务部门)向新地理市场的持续扩张吓坏了。值得注意的是,Shopee继续报告每个订单调整后的EBITDA损失,如上所示。因此,一些投资者可能会担心该公司的盘子是否太大而无法处理。在过去的三个月里,该公司进入了印度、法国、西班牙和波兰等新市场。除此之外,它还在拉丁美洲,尤其是巴西与MercadoLibre(MELI)展开了战斗。因此,人们担心Sea Limited能否在亏损的同时继续在这些市场娴熟地执行任务。我们认为这种担忧是有道理的。然而,Sea Limited在渗透现有企业拥有强大领导力的最重要市场方面表现出了巨大的能力。其中包括东南亚的Lazada(BABA)、巴西的MercadoLibre和印度尼西亚的Tokopedia。Shopee从来都不是先行者。但是,它利用了“后来者”的优势,试图与现有企业竞争。值得注意的是,Sea Limited并不反对竞争。它在与现有企业的竞争中蓬勃发展,并使这些地理区域的电子商务空间更具竞争力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80938433e2d55307ca40000eeea2a26f\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Sea Limited revised adjusted EPS mean consensus estimates. Data source: S&P Capital IQ, Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sea Limited修订后的调整后每股收益均值共识估计。数据来源:S&P Capital IQ、Seeking Alpha</span></p></blockquote></p><p> Nevertheless, the road towards profitability might be stretched further due to its e-commerce expansion. Readers can quickly glance over the chart above, where its adjusted EPS estimates have been revised downwards through FY23 over the last five months. However, we believe that if you are a long-term investor with a five-year horizon at least, it's not a cause for concern. Earlier investors in Sea Limited can keenly recall the company's massive adjusted EBITDA per order losses, as seen in the previous chart. Shopee has scaled tremendously over the last five years and has improved its operating leverage further. But, it's important to note that it takes time to scale up. Therefore, earlier losses in new geographical markets are expected. But, management has demonstrated its execution capability over the last three years. Considering its much reduced adjusted EBITDA losses over the previous few years, we believe that Shopee is even better positioned than before to navigate its expansion.</p><p><blockquote>然而,由于其电子商务的扩张,盈利之路可能会进一步延伸。读者可以快速浏览上图,其中2023财年在过去五个月中下调了调整后的每股收益预期。然而,我们认为,如果您是至少有五年投资期限的长期投资者,则无需担心。Sea Limited的早期投资者可以敏锐地回忆起该公司每订单调整后EBITDA的巨大损失,如上图所示。Shopee在过去五年中规模巨大,并进一步提高了其运营杠杆。但是,值得注意的是,扩大规模需要时间。因此,预计新地理市场将出现较早亏损。但是,管理层在过去三年中展示了其执行能力。考虑到过去几年调整后EBITDA亏损大幅减少,我们认为Shopee比以前更有能力应对扩张。</blockquote></p><p> <b>So, is SE Stock a Buy Now?</b></p><p><blockquote><b>那么,SE股票现在值得买入吗?</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3dbc835e49ded8a7a0e5f4fcc9e10649\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>SE stock EV/NTM Revenue 4Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票EV/NTM收入4年平均值。</span></p></blockquote></p><p> SE stock is trading at an EV/NTM Revenue of 8.3x. Therefore, it has brought it back to its 4Y NTM revenue multiple mean of 8.6x. We believe there's a fantastic opportunity right now as the market has undoubtedly overreacted. As demonstrated clearly, SE is still expected to generate massive revenue growth moving ahead, even though it means the road to profitability gets further extended.</p><p><blockquote>SE股票的EV/NTM收入为8.3倍。因此,它已将其恢复到4年NTM收入倍数平均值8.6倍。我们相信现在有一个绝佳的机会,因为市场无疑反应过度了。正如清楚表明的那样,SE仍有望在未来产生巨大的收入增长,尽管这意味着盈利之路将进一步延长。</blockquote></p><p> Considering its FY23 revenue estimate, SE stock is trading at just 5.8x FY23 revenue. No one can accurately predict where the stock will be headed over the next few months. But, we think it represents a tremendous opportunity right now.</p><p><blockquote>考虑到2023财年的收入预期,SE股票的交易价格仅为2023财年收入的5.8倍。没有人能够准确预测该股未来几个月的走势。但是,我们认为这现在代表着一个巨大的机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bea18a0bdfd970ea640308dc35e099c\" tg-width=\"635\" tg-height=\"362\" referrerpolicy=\"no-referrer\"><span>SE stock price target Vs. actual price trend. Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股价目标与实际价格趋势。资料来源:寻求阿尔法</span></p></blockquote></p><p></p><p> Moreover, readers can observe that the valuation gap between SE stock's consensus price target (PT) of $405.87 and its current price has never been more significant in a while. It's even more pronounced than its last significant correction in April/May. Notably, the consensus price target has been revised upwards despite the so-called \"gaming headwinds.\" And, if you look at the price chart, SE stock price has followed the revised PT trend very consistently over time. Therefore, the current price could be one of the most significant discounts you could observe in a long time.</p><p><blockquote>此外,读者可以观察到,SE股票405.87美元的共识目标价(PT)与其当前价格之间的估值差距从未如此显着。这甚至比4月/5月的上一次大幅调整更加明显。值得注意的是,尽管存在所谓的“博弈阻力”,但共识价格目标仍被上调。而且,如果您查看价格图表,您会发现SE股价随着时间的推移非常一致地遵循修订后的PT趋势。因此,当前价格可能是您在很长一段时间内观察到的最显着的折扣之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/939a544ab94c9e2a2b8a6db943703b39\" tg-width=\"910\" tg-height=\"602\" referrerpolicy=\"no-referrer\"><span>SE stock DCF valuation model. Data source: S&P Capital IQ, company filings, author</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票DCF估值模型。数据来源:S&P Capital IQ,公司文件,作者</span></p></blockquote></p><p> Our DCF model also shows that SE stock is now significantly undervalued with an implied fair value of $371.46. We have also used reasonable estimates in our model. Moreover, we believe that SE will continue to gain significant operating leverage as it scales in the new markets. We estimate that its adjusted EBITDA margins could reach 15% by FY25.</p><p><blockquote>我们的DCF模型还显示,SE股票目前被严重低估,隐含公允价值为371.46美元。我们在模型中也使用了合理的估计。此外,我们相信,随着SE在新市场的扩大规模,它将继续获得巨大的运营杠杆。我们估计,到2025财年,其调整后EBITDA利润率可能达到15%。</blockquote></p><p> Lastly, the stock is also testing a critical support level that has strongly underpinned the stock's advance since early 2021. Therefore, there are sufficient reasons to believe that the current entry point to add exposure to SE stock seems very attractive now.</p><p><blockquote>最后,该股还在测试关键支撑位,该支撑位自2021年初以来有力支撑了该股的上涨。因此,有足够的理由相信,目前增加SE股票敞口的切入点现在看来非常有吸引力。</blockquote></p><p> Consequently,<i>we revise our rating on SE stock to Strong Buy</i>.</p><p><blockquote>因此,<i>我们将SE股票评级修改为强力买入</i>.</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>Sea Stock: Down 43% From Its High, is a Buy Now?<blockquote>Sea股票:较高点下跌43%,现在值得买入吗?</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\">\nSea Stock: Down 43% From Its High, is a Buy Now?<blockquote>Sea股票:较高点下跌43%,现在值得买入吗?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-20 11:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul> <li>Sea Limited stock has been battered recently as growth stocks sold off massively in the market.</li> <li>However, we believe that the fundamental thesis on its rapid growth remains robust.</li> <li>We discuss why investors should capitalize on its recent significant correction to add exposure.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa5cbe0a30acc723a2c6f62300024002\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>kokkai/iStock Unreleased via Getty Images</span></p><p><blockquote><ul><li>由于成长型股票在市场上大量抛售,Sea Limited的股票最近遭受重创。</li><li>然而,我们认为其快速增长的基本论点仍然强劲。</li><li>我们讨论了为什么投资者应该利用其最近的重大调整来增加风险敞口。</li></ul><p class=\"t-img-caption\"><span>kokkai/iStock未通过Getty Images发布</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Sea Limited(NYSE:SE) stock is one of our highest conviction growth stocks that has been severely battered over the last month. Since its recent all-time high (ATH) in October, its price has dropped by a dramatic 43%. Many reasons have been presented on why the stock has fallen. We exhort investors not to read too much into them. We believe nothing material has changed from its fundamental thesis. The stock has had a remarkable run in 2021 relative to its gaming peers or e-tailer peers. Therefore, profit-taking of this extent should not be surprising as fear struck growth stocks.</p><p><blockquote>Sea Limited(纽约证券交易所股票代码:SE)股票是我们最有信心的成长型股票之一,但在上个月遭受了严重打击。自10月份创下历史新高(ATH)以来,其价格已大幅下跌43%。关于该股下跌的原因有很多。我们敦促投资者不要对他们解读太多。我们认为它的基本论点没有任何实质性的改变。相对于游戏同行或电子零售商同行,该股在2021年表现出色。因此,随着恐惧袭击成长型股票,这种程度的获利了结并不令人意外。</blockquote></p><p> Moreover, the recent significant correction in growth stocks across the market has also hit SE stock hard. But, we are not concerned. Significant volatility will always be a factor influencing the performance of growth stocks like SE in the short term.</p><p><blockquote>此外,近期全市场成长股的大幅回调也重创了SE股。但是,我们并不担心。短期内,大幅波动始终是影响SE等成长型股票表现的一个因素。</blockquote></p><p> Notably, we observed that the consensus target price on SE stock had been revised upwards since its FQ3 report card. Moreover, the gap between its price target and its current stock price has been greater than its last significant correction in April/May.</p><p><blockquote>值得注意的是,我们观察到,自第三季度成绩单以来,SE股票的共识目标价已向上修正。此外,其目标价与当前股价之间的差距已大于4月/5月上次大幅调整。</blockquote></p><p> Our internal DCF valuation model also points to a stock that is now significantly undervalued. Thanks to the market's myopia, we have been presented with another fantastic opportunity since April/May to add SE stock with great fervor again.</p><p><blockquote>我们的内部DCF估值模型也指向一只目前被严重低估的股票。由于市场的短视,自4月/5月以来,我们又迎来了一个绝佳的机会,再次以极大的热情增持SE股票。</blockquote></p><p> We discuss why we think investors should not miss this incredible opportunity to add exposure to an outstanding growth stock.</p><p><blockquote>我们讨论了为什么我们认为投资者不应该错过这个增加对优秀成长型股票投资的绝佳机会。</blockquote></p><p> <b>SE Stock YTD Performance</b></p><p><blockquote><b>SE股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c191d1f0f6a10e392845cdbda1264aa\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>SE stock YTD performance (as of 17 December'21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票年初至今表现(截至21年12月17日)。</span></p></blockquote></p><p> As a result of the significant correction recently, SE stock's YTD return has dropped to 6.9%, thus underperforming the market. Notably, its YTD gain was as high as 80% in October/early November. Despite that, the stock is still outperforming its e-tailer and gaming peers, as shown above.</p><p><blockquote>由于近期大幅调整,SE股票年初至今的回报率已降至6.9%,表现逊于大盘。值得注意的是,10月/11月初,其年初至今涨幅高达80%。尽管如此,该股的表现仍然优于电子零售商和游戏同行,如上所示。</blockquote></p><p> <b>Sea Stock Estimates Have Consistently Been Revised Upwards</b></p><p><blockquote><b>海洋库存估计不断上调</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8555128e2a30e924dd6c2dd162a27eea\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Sea Limited revised revenue mean consensus estimates. Data source: S&P Capital IQ, Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sea Limited修正后的收入平均共识估计。数据来源:S&P Capital IQ、Seeking Alpha</span></p></blockquote></p><p> Readers can quickly observe that the company's revenue consensus estimates for FY21-23 have consistently been revised upwards over the last five months. These revisions lend credence to the robust growth prospects of the company over the next two years. Notably, Sea Limited's revenue is estimated to increase at a phenomenal CAGR of 42.8% through FY23.</p><p><blockquote>读者可以很快观察到,该公司对2021-23财年的收入共识预期在过去五个月中一直在上调。这些修正为公司未来两年的强劲增长前景增添了信心。值得注意的是,Sea Limited的收入预计将通过2023财年以42.8%的惊人复合年增长率增长。</blockquote></p><p> There were concerns over the growth rates of its Garena gaming arm in its FQ3 report card.We also explained in our previous article that Sea Limited has clearly explained that investors should expect normalization in Garena's growth after two spectacular years. However, its monetization capability continues to dazzle. Therefore, we are confident that Garena can continue its robust monetization strategies moving forward.</p><p><blockquote>人们对其第三季度成绩单中Garena游戏部门的增长率感到担忧。我们在上一篇文章中还解释说,Sea Limited已经明确解释说,投资者应该预计Garena的增长在经历了两年的辉煌之后将正常化。然而,其变现能力继续令人眼花缭乱。因此,我们相信Garena能够继续其稳健的货币化战略。</blockquote></p><p> Moreover, data from Sensor Tower's recent gaming statistics continue to point to sturdy performance from its Free Fire game. It continues to be ranked among the top ten mobile games in terms of overall gaming revenue in November. Moreover, it's also ranked#2 in overall downloadsacross both the App Store and Google Play. Notably, it's also among eight games globally whose annual revenue crossed $1B as of 14 December. Therefore, we think the sentiments and chatter about Free Fire's \"one-shot wonder\" have been overblown.</p><p><blockquote>此外,Sensor Tower最近的游戏统计数据继续表明其Free Fire游戏的强劲性能。继续位列11月整体游戏收入排名前十的手游。此外,它在App Store和Google Play的总下载量中也排名第二。值得注意的是,截至12月14日,它也是全球年收入超过10亿美元的八款游戏之一。因此,我们认为关于Free Fire的“一次性奇迹”的情绪和喋喋不休被夸大了。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51247ba1efd7fa6d333b482446e94c9a\" tg-width=\"515\" tg-height=\"380\" referrerpolicy=\"no-referrer\"><span>Global games market forecast. Source: Google, Newzoo</span></p><p><blockquote><p class=\"t-img-caption\"><span>全球游戏市场预测。资料来源:谷歌、Newzoo</span></p></blockquote></p><p></p><p> In addition, the global gaming market is estimated to experience a slight decline to $175.8B after last year's massive 23% growth to $177.8B. However, given Garena's impressive growth in FY21 despite the decline in the global market, we believe it validates its business model and prospects. Notably, the gaming market is expected to reverse its decline moving forward. Therefore, Garena's leadership in mobile gaming could continue to propel its growth underpinned by the recovery in the global gaming market.</p><p><blockquote>此外,全球游戏市场在去年大幅增长23%至$177.8 B后,预计将小幅下降至$175.8 B。然而,尽管全球市场下滑,但鉴于Garena在21财年仍取得了令人印象深刻的增长,我们相信它验证了其商业模式和前景。值得注意的是,游戏市场预计将扭转未来的颓势。因此,在全球游戏市场复苏的支持下,Garena在移动游戏领域的领导地位可能会继续推动其增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a0612da9a19f7b7198d43213b4f4470\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Shopee adjusted EBITDA per order. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>Shopee调整了每个订单的EBITDA。数据来源:公司备案</span></p></blockquote></p><p> But, some investors may have been spooked by Shopee's (Sea Limited's e-commerce arm) continued expansion into new geographical markets. Notably, Shopee continues to report adjusted EBITDA loss per order, as shown above. Therefore, some investors might have been concerned about whether the company's plate is getting too much to handle. Over the last three months, the company has entered into new markets such as India, France, Spain, and Poland. They are in addition to its battle with MercadoLibre (MELI) in Latin America, particularly Brazil. As a result, there are concerns on whether Sea Limited could continue its adroit execution in these markets while still making losses. We believe such concerns are valid. However, Sea Limited has shown its tremendous capability in penetrating the most important markets where the incumbents have strong leadership. It includes Lazada (BABA) in Southeast Asia, MercadoLibre in Brazil, and Tokopedia in Indonesia. Shopee was never the first-mover. But, it took advantage as the \"late-comer\" as it sought to compete with the incumbents. It's important to note that Sea Limited is not averse to competition. It has thrived against the incumbents and has made the e-commerce space in these geographical regions much more competitive.</p><p><blockquote>但是,一些投资者可能被Shopee(Sea Limited的电子商务部门)向新地理市场的持续扩张吓坏了。值得注意的是,Shopee继续报告每个订单调整后的EBITDA损失,如上所示。因此,一些投资者可能会担心该公司的盘子是否太大而无法处理。在过去的三个月里,该公司进入了印度、法国、西班牙和波兰等新市场。除此之外,它还在拉丁美洲,尤其是巴西与MercadoLibre(MELI)展开了战斗。因此,人们担心Sea Limited能否在亏损的同时继续在这些市场娴熟地执行任务。我们认为这种担忧是有道理的。然而,Sea Limited在渗透现有企业拥有强大领导力的最重要市场方面表现出了巨大的能力。其中包括东南亚的Lazada(BABA)、巴西的MercadoLibre和印度尼西亚的Tokopedia。Shopee从来都不是先行者。但是,它利用了“后来者”的优势,试图与现有企业竞争。值得注意的是,Sea Limited并不反对竞争。它在与现有企业的竞争中蓬勃发展,并使这些地理区域的电子商务空间更具竞争力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80938433e2d55307ca40000eeea2a26f\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Sea Limited revised adjusted EPS mean consensus estimates. Data source: S&P Capital IQ, Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sea Limited修订后的调整后每股收益均值共识估计。数据来源:S&P Capital IQ、Seeking Alpha</span></p></blockquote></p><p> Nevertheless, the road towards profitability might be stretched further due to its e-commerce expansion. Readers can quickly glance over the chart above, where its adjusted EPS estimates have been revised downwards through FY23 over the last five months. However, we believe that if you are a long-term investor with a five-year horizon at least, it's not a cause for concern. Earlier investors in Sea Limited can keenly recall the company's massive adjusted EBITDA per order losses, as seen in the previous chart. Shopee has scaled tremendously over the last five years and has improved its operating leverage further. But, it's important to note that it takes time to scale up. Therefore, earlier losses in new geographical markets are expected. But, management has demonstrated its execution capability over the last three years. Considering its much reduced adjusted EBITDA losses over the previous few years, we believe that Shopee is even better positioned than before to navigate its expansion.</p><p><blockquote>然而,由于其电子商务的扩张,盈利之路可能会进一步延伸。读者可以快速浏览上图,其中2023财年在过去五个月中下调了调整后的每股收益预期。然而,我们认为,如果您是至少有五年投资期限的长期投资者,则无需担心。Sea Limited的早期投资者可以敏锐地回忆起该公司每订单调整后EBITDA的巨大损失,如上图所示。Shopee在过去五年中规模巨大,并进一步提高了其运营杠杆。但是,值得注意的是,扩大规模需要时间。因此,预计新地理市场将出现较早亏损。但是,管理层在过去三年中展示了其执行能力。考虑到过去几年调整后EBITDA亏损大幅减少,我们认为Shopee比以前更有能力应对扩张。</blockquote></p><p> <b>So, is SE Stock a Buy Now?</b></p><p><blockquote><b>那么,SE股票现在值得买入吗?</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3dbc835e49ded8a7a0e5f4fcc9e10649\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>SE stock EV/NTM Revenue 4Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票EV/NTM收入4年平均值。</span></p></blockquote></p><p> SE stock is trading at an EV/NTM Revenue of 8.3x. Therefore, it has brought it back to its 4Y NTM revenue multiple mean of 8.6x. We believe there's a fantastic opportunity right now as the market has undoubtedly overreacted. As demonstrated clearly, SE is still expected to generate massive revenue growth moving ahead, even though it means the road to profitability gets further extended.</p><p><blockquote>SE股票的EV/NTM收入为8.3倍。因此,它已将其恢复到4年NTM收入倍数平均值8.6倍。我们相信现在有一个绝佳的机会,因为市场无疑反应过度了。正如清楚表明的那样,SE仍有望在未来产生巨大的收入增长,尽管这意味着盈利之路将进一步延长。</blockquote></p><p> Considering its FY23 revenue estimate, SE stock is trading at just 5.8x FY23 revenue. No one can accurately predict where the stock will be headed over the next few months. But, we think it represents a tremendous opportunity right now.</p><p><blockquote>考虑到2023财年的收入预期,SE股票的交易价格仅为2023财年收入的5.8倍。没有人能够准确预测该股未来几个月的走势。但是,我们认为这现在代表着一个巨大的机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3bea18a0bdfd970ea640308dc35e099c\" tg-width=\"635\" tg-height=\"362\" referrerpolicy=\"no-referrer\"><span>SE stock price target Vs. actual price trend. Source: Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股价目标与实际价格趋势。资料来源:寻求阿尔法</span></p></blockquote></p><p></p><p> Moreover, readers can observe that the valuation gap between SE stock's consensus price target (PT) of $405.87 and its current price has never been more significant in a while. It's even more pronounced than its last significant correction in April/May. Notably, the consensus price target has been revised upwards despite the so-called \"gaming headwinds.\" And, if you look at the price chart, SE stock price has followed the revised PT trend very consistently over time. Therefore, the current price could be one of the most significant discounts you could observe in a long time.</p><p><blockquote>此外,读者可以观察到,SE股票405.87美元的共识目标价(PT)与其当前价格之间的估值差距从未如此显着。这甚至比4月/5月的上一次大幅调整更加明显。值得注意的是,尽管存在所谓的“博弈阻力”,但共识价格目标仍被上调。而且,如果您查看价格图表,您会发现SE股价随着时间的推移非常一致地遵循修订后的PT趋势。因此,当前价格可能是您在很长一段时间内观察到的最显着的折扣之一。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/939a544ab94c9e2a2b8a6db943703b39\" tg-width=\"910\" tg-height=\"602\" referrerpolicy=\"no-referrer\"><span>SE stock DCF valuation model. Data source: S&P Capital IQ, company filings, author</span></p><p><blockquote><p class=\"t-img-caption\"><span>SE股票DCF估值模型。数据来源:S&P Capital IQ,公司文件,作者</span></p></blockquote></p><p> Our DCF model also shows that SE stock is now significantly undervalued with an implied fair value of $371.46. We have also used reasonable estimates in our model. Moreover, we believe that SE will continue to gain significant operating leverage as it scales in the new markets. We estimate that its adjusted EBITDA margins could reach 15% by FY25.</p><p><blockquote>我们的DCF模型还显示,SE股票目前被严重低估,隐含公允价值为371.46美元。我们在模型中也使用了合理的估计。此外,我们相信,随着SE在新市场的扩大规模,它将继续获得巨大的运营杠杆。我们估计,到2025财年,其调整后EBITDA利润率可能达到15%。</blockquote></p><p> Lastly, the stock is also testing a critical support level that has strongly underpinned the stock's advance since early 2021. Therefore, there are sufficient reasons to believe that the current entry point to add exposure to SE stock seems very attractive now.</p><p><blockquote>最后,该股还在测试关键支撑位,该支撑位自2021年初以来有力支撑了该股的上涨。因此,有足够的理由相信,目前增加SE股票敞口的切入点现在看来非常有吸引力。</blockquote></p><p> Consequently,<i>we revise our rating on SE stock to Strong Buy</i>.</p><p><blockquote>因此,<i>我们将SE股票评级修改为强力买入</i>.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://seekingalpha.com/article/4475931-sea-se-down-significantly-stock-strong-buy\">Seeking Alpha</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":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4475931-sea-se-down-significantly-stock-strong-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109541249","content_text":"Summary\n\nSea Limited stock has been battered recently as growth stocks sold off massively in the market.\nHowever, we believe that the fundamental thesis on its rapid growth remains robust.\nWe discuss why investors should capitalize on its recent significant correction to add exposure.\n\nkokkai/iStock Unreleased via Getty Images\nInvestment Thesis\nSea Limited(NYSE:SE) stock is one of our highest conviction growth stocks that has been severely battered over the last month. Since its recent all-time high (ATH) in October, its price has dropped by a dramatic 43%. Many reasons have been presented on why the stock has fallen. We exhort investors not to read too much into them. We believe nothing material has changed from its fundamental thesis. The stock has had a remarkable run in 2021 relative to its gaming peers or e-tailer peers. Therefore, profit-taking of this extent should not be surprising as fear struck growth stocks.\nMoreover, the recent significant correction in growth stocks across the market has also hit SE stock hard. But, we are not concerned. Significant volatility will always be a factor influencing the performance of growth stocks like SE in the short term.\nNotably, we observed that the consensus target price on SE stock had been revised upwards since its FQ3 report card. Moreover, the gap between its price target and its current stock price has been greater than its last significant correction in April/May.\nOur internal DCF valuation model also points to a stock that is now significantly undervalued. Thanks to the market's myopia, we have been presented with another fantastic opportunity since April/May to add SE stock with great fervor again.\nWe discuss why we think investors should not miss this incredible opportunity to add exposure to an outstanding growth stock.\nSE Stock YTD Performance\nSE stock YTD performance (as of 17 December'21).\nAs a result of the significant correction recently, SE stock's YTD return has dropped to 6.9%, thus underperforming the market. Notably, its YTD gain was as high as 80% in October/early November. Despite that, the stock is still outperforming its e-tailer and gaming peers, as shown above.\nSea Stock Estimates Have Consistently Been Revised Upwards\nSea Limited revised revenue mean consensus estimates. Data source: S&P Capital IQ, Seeking Alpha\nReaders can quickly observe that the company's revenue consensus estimates for FY21-23 have consistently been revised upwards over the last five months. These revisions lend credence to the robust growth prospects of the company over the next two years. Notably, Sea Limited's revenue is estimated to increase at a phenomenal CAGR of 42.8% through FY23.\nThere were concerns over the growth rates of its Garena gaming arm in its FQ3 report card.We also explained in our previous article that Sea Limited has clearly explained that investors should expect normalization in Garena's growth after two spectacular years. However, its monetization capability continues to dazzle. Therefore, we are confident that Garena can continue its robust monetization strategies moving forward.\nMoreover, data from Sensor Tower's recent gaming statistics continue to point to sturdy performance from its Free Fire game. It continues to be ranked among the top ten mobile games in terms of overall gaming revenue in November. Moreover, it's also ranked#2 in overall downloadsacross both the App Store and Google Play. Notably, it's also among eight games globally whose annual revenue crossed $1B as of 14 December. Therefore, we think the sentiments and chatter about Free Fire's \"one-shot wonder\" have been overblown.\nGlobal games market forecast. Source: Google, Newzoo\nIn addition, the global gaming market is estimated to experience a slight decline to $175.8B after last year's massive 23% growth to $177.8B. However, given Garena's impressive growth in FY21 despite the decline in the global market, we believe it validates its business model and prospects. Notably, the gaming market is expected to reverse its decline moving forward. Therefore, Garena's leadership in mobile gaming could continue to propel its growth underpinned by the recovery in the global gaming market.\nShopee adjusted EBITDA per order. Data source: Company filings\nBut, some investors may have been spooked by Shopee's (Sea Limited's e-commerce arm) continued expansion into new geographical markets. Notably, Shopee continues to report adjusted EBITDA loss per order, as shown above. Therefore, some investors might have been concerned about whether the company's plate is getting too much to handle. Over the last three months, the company has entered into new markets such as India, France, Spain, and Poland. They are in addition to its battle with MercadoLibre (MELI) in Latin America, particularly Brazil. As a result, there are concerns on whether Sea Limited could continue its adroit execution in these markets while still making losses. We believe such concerns are valid. However, Sea Limited has shown its tremendous capability in penetrating the most important markets where the incumbents have strong leadership. It includes Lazada (BABA) in Southeast Asia, MercadoLibre in Brazil, and Tokopedia in Indonesia. Shopee was never the first-mover. But, it took advantage as the \"late-comer\" as it sought to compete with the incumbents. It's important to note that Sea Limited is not averse to competition. It has thrived against the incumbents and has made the e-commerce space in these geographical regions much more competitive.\nSea Limited revised adjusted EPS mean consensus estimates. Data source: S&P Capital IQ, Seeking Alpha\nNevertheless, the road towards profitability might be stretched further due to its e-commerce expansion. Readers can quickly glance over the chart above, where its adjusted EPS estimates have been revised downwards through FY23 over the last five months. However, we believe that if you are a long-term investor with a five-year horizon at least, it's not a cause for concern. Earlier investors in Sea Limited can keenly recall the company's massive adjusted EBITDA per order losses, as seen in the previous chart. Shopee has scaled tremendously over the last five years and has improved its operating leverage further. But, it's important to note that it takes time to scale up. Therefore, earlier losses in new geographical markets are expected. But, management has demonstrated its execution capability over the last three years. Considering its much reduced adjusted EBITDA losses over the previous few years, we believe that Shopee is even better positioned than before to navigate its expansion.\nSo, is SE Stock a Buy Now?\nSE stock EV/NTM Revenue 4Y mean.\nSE stock is trading at an EV/NTM Revenue of 8.3x. Therefore, it has brought it back to its 4Y NTM revenue multiple mean of 8.6x. We believe there's a fantastic opportunity right now as the market has undoubtedly overreacted. As demonstrated clearly, SE is still expected to generate massive revenue growth moving ahead, even though it means the road to profitability gets further extended.\nConsidering its FY23 revenue estimate, SE stock is trading at just 5.8x FY23 revenue. No one can accurately predict where the stock will be headed over the next few months. But, we think it represents a tremendous opportunity right now.\nSE stock price target Vs. actual price trend. Source: Seeking Alpha\nMoreover, readers can observe that the valuation gap between SE stock's consensus price target (PT) of $405.87 and its current price has never been more significant in a while. It's even more pronounced than its last significant correction in April/May. Notably, the consensus price target has been revised upwards despite the so-called \"gaming headwinds.\" And, if you look at the price chart, SE stock price has followed the revised PT trend very consistently over time. Therefore, the current price could be one of the most significant discounts you could observe in a long time.\nSE stock DCF valuation model. Data source: S&P Capital IQ, company filings, author\nOur DCF model also shows that SE stock is now significantly undervalued with an implied fair value of $371.46. We have also used reasonable estimates in our model. Moreover, we believe that SE will continue to gain significant operating leverage as it scales in the new markets. We estimate that its adjusted EBITDA margins could reach 15% by FY25.\nLastly, the stock is also testing a critical support level that has strongly underpinned the stock's advance since early 2021. Therefore, there are sufficient reasons to believe that the current entry point to add exposure to SE stock seems very attractive now.\nConsequently,we revise our rating on SE stock to Strong Buy.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":2494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699157989,"gmtCreate":1639758622428,"gmtModify":1639758862140,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>woohoo,冲向云雀!!","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>woohoo,冲向云雀!!","text":"$Tiger Brokers(TIGR)$woohoo,冲向云雀!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699157989","isVote":1,"tweetType":1,"viewCount":3685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690056747,"gmtCreate":1639616089093,"gmtModify":1639619915941,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"Good analysis but Ironic writer highlight the ridiculous p/s ratio and loss for the last 20 yrs, yet try to call pltr a value trap.. there is nothing in pltr earning statements that look like good value in the first place.","listText":"Good analysis but Ironic writer highlight the ridiculous p/s ratio and loss for the last 20 yrs, yet try to call pltr a value trap.. there is nothing in pltr earning statements that look like good value in the first place.","text":"Good analysis but Ironic writer highlight the ridiculous p/s ratio and loss for the last 20 yrs, yet try to call pltr a value trap.. there is nothing in pltr earning statements that look like good value in the first place.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690056747","repostId":"1143795954","repostType":2,"isVote":1,"tweetType":1,"viewCount":2740,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603109344,"gmtCreate":1638370774292,"gmtModify":1638370774924,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"Fake news also can published sia.","listText":"Fake news also can published sia.","text":"Fake news also can published sia.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603109344","repostId":"2188551711","repostType":2,"isVote":1,"tweetType":1,"viewCount":2568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876625764,"gmtCreate":1637307972442,"gmtModify":1637307972609,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>dead trend...not going up nor down..[疑问] .","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>dead trend...not going up nor down..[疑问] .","text":"$Alibaba(09988)$dead trend...not going up nor down..[疑问] .","images":[{"img":"https://static.tigerbbs.com/afa912e41231340d474a0aa50a20f7f9","width":"1080","height":"3531"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876625764","isVote":1,"tweetType":1,"viewCount":3640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":878226216,"gmtCreate":1637199227524,"gmtModify":1637199227735,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"Same share price here, earning report not bad also eat dust ytd, I wonder if there's any major news, almost all China tech crash ytd.","listText":"Same share price here, earning report not bad also eat dust ytd, I wonder if there's any major news, almost all China tech crash ytd.","text":"Same share price here, earning report not bad also eat dust ytd, I wonder if there's any major news, almost all China tech crash ytd.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878226216","repostId":"878228142","repostType":1,"repost":{"id":878228142,"gmtCreate":1637199108503,"gmtModify":1637199108606,"author":{"id":"3567242381966976","authorId":"3567242381966976","name":"Danielng","avatar":"https://static.tigerbbs.com/024f7639570d9482b3ca8647b5d54ebd","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567242381966976","authorIdStr":"3567242381966976"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$</a>dafuq","listText":"<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$</a>dafuq","text":"$BIDU-SW(09888)$dafuq","images":[{"img":"https://static.tigerbbs.com/3c5e39a298148392d389d29f46a56270","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878228142","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878988284,"gmtCreate":1637138381299,"gmtModify":1637138381893,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"[得意] [得意] [财迷] , huat ah!","listText":"[得意] [得意] [财迷] , huat ah!","text":"[得意] [得意] [财迷] , huat ah!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878988284","repostId":"1154755901","repostType":4,"repost":{"id":"1154755901","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":1637138067,"share":"https://www.laohu8.com/m/news/1154755901?lang=zh_CN&edition=full","pubTime":"2021-11-17 16:34","market":"hk","language":"en","title":"Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲,百度季度收入超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154755901","media":"Tiger Newspress","summary":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by str","content":"<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>百度周三公布的季度营收高于华尔街预期,这得益于广告销售强劲以及对其人工智能和云产品的需求。百度表示,第三季度总收入为319.2亿元人民币(合49.5亿美元),略高于分析师根据Refinitiv的IBES数据,平均预估为317.1亿元人民币。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b> were RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>总收入</b>为319亿元人民币(49.5亿美元),同比增长13%。</blockquote></p><p> <ul> <li><b>Revenue from Baidu Core</b> was RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b> was RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li> <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b> was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元(38.3亿美元),同比增长15%;<b>网络营销收入</b>为195亿元人民币(30.2亿美元),同比增长6%,<b>非线上营销收入</b>在云和其他人工智能业务的推动下,销售额为52亿元人民币(8.06亿美元),同比增长76%。</li><li><b>爱奇艺收入</b>为76亿元人民币(11.8亿美元),同比增长6%。</li></ul><b>收入成本</b>为161亿元人民币(25亿美元),同比增长26%,主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b> were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为73亿元人民币(11.4亿美元),同比增长56%,主要是由于渠道支出、促销营销、人员相关费用以及与涉及前广告公司的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b> was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发费用</b>为62亿元人民币(9.57亿美元),同比增长35%,主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b> was RMB 2.3 billion($358 million).<b>Baidu Core operating income</b> was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b> was RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b> was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>营业收入</b>为23亿元人民币(3.58亿美元)。<b>百度核心营业收入</b>为37亿元人民币(5.77亿美元),百度核心营业利润率为15%。<b>非公认会计准则营业收入</b>为47亿元人民币(7.31亿美元)。<b>百度核心非公认会计准则营业收入</b>为人民币58亿元(9.04亿美元),百度核心非公认会计准则营业利润率为24%。</blockquote></p><p> <b>Total other loss, net</b> was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他亏损总额,净额</b>为215亿元人民币(33.4亿美元),其中包括189亿元人民币非现金、按市值计价的长期投资损失。该季度公允价值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b> was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为18亿元人民币(2.86亿美元),而20年第三季度的所得税费用为16亿元人民币,主要是由于长期投资公允价值损失确认的递延税项收益增加以及之前考虑的某些费用的扣除。不可扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b> was RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b> was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b> was RMB 5.9 billion($909 million).</p><p><blockquote>归属于百度的净亏损为166亿元人民币(25.7亿美元),每股美国存托凭证摊薄亏损为48.18元人民币(7.48美元)。<b>百度核心应佔净亏损</b>为156亿元人民币(24.3亿美元)。<b>归属于百度的非公认会计准则净利润</b>为51亿元人民币(7.9亿美元),非GAAP摊薄每股美国存托凭证收益为14.66元人民币(2.28美元)。<b>归属于百度核心的非公认会计准则净利润</b>为59亿元人民币(9.09亿美元)。</blockquote></p><p> <b>Adjusted EBITDA</b> was RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b> was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后EBITDA</b>为60亿元人民币(9.25亿美元)。<b>百度核心调整后EBITDA</b>为70亿元人民币(10.9亿美元),百度核心调整后EBITDA利润率为28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b> were RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b> were RMB 183.6 billion($28.49 billion).<b>Free cash flow</b> was RMB 691 million($108 million), and <b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日,<b>现金、现金等价物、受限制现金和短期投资</b>为人民币1,946亿元(302亿美元),以及<b>现金、现金等价物、限制性现金和短期投资(不包括爱奇艺)</b>为人民币1,836亿元(284.9亿美元)。<b>自由现金流</b>为6.91亿元人民币(1.08亿美元),以及<b>不包括爱奇艺的自由现金流</b>为29亿元人民币(4.49亿美元)。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul> <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li> <li>ESG:</li> <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li> <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li> <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>21年第三季度净亏损包括季度公允价值调整产生的长期投资按市值计价的189亿元人民币非现金损失。</li><li>ESG:</li><li>-百度向赫尔菲南省捐赠9000万元人民币,以应对该省最近发生的自然灾害。</li><li>-小度推出“视觉辅助”,实现视障语音控制和按需读屏,音频体验更流畅。</li><li>-10月,百度成立数据管理委员会,整合现有数据管理委员会、数据隐私保护委员会和数据安全委员会,进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul> <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li> <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li> <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li> <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案,由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持,帮助金融服务公司实现运营流程数字化和自动化,吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是一个拥有800年历史的桥梁和水道的联合国教科文组织遗产,正在使用百度智慧城市云为游客保持城市的安全和清洁。利用旅游区的数字化,百度人工智能解决方案帮助地方当局及时发现和解决违规行为,如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议,为其制造业企业提供百度人工智能解决方案,让百度进一步渗透到工业互联网中。</li><li>百度ACE智慧交通已被24个城市采用,合同金额超过人民币1,000万元,同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul> <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li> <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li> <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里,同比增长189%,并获得了411张自动驾驶许可证,反映了Apollo广泛的地理覆盖和广泛的测试场景。</li><li>阿波罗提供的游乐设施连续翻倍,在上海、北京、广州、长沙和沧州均有提供。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议,在其新款W6 SUV中安装Apollo Navigation Pilot(ANP),使与Apollo合作提供自动驾驶和信息娱乐解决方案的品牌总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul> <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li> <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据,2021年Q2,小度在全球智能显示器出货量和中国智能扬声器出货量中排名第一。</li><li>2021年8月,小度完成B轮融资,估值51亿美元,百度保留超多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul> <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li> <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li> <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份,百度App的月活跃用户数达到6.07亿,同比增长12%,日登录用户数达到79%的历史新高,反映了积极的用户体验。</li><li>通过持续的营销云增强(例如扩展的电子商务功能和工具),托管页面达到了百度核心第三季度在线营销收入的43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度的智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul> <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>2021年9月,爱奇艺订阅用户达到1.04亿,为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>百度预计2021年第四季度收入将在310亿元人民币(48.1亿美元)至340亿元人民币(52.7亿美元)之间,同比增长率为2%至12%,假设百度核心收入将同比增长5%至16%。</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>Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲,百度季度收入超出预期</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\">\nBaidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲,百度季度收入超出预期</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\">2021-11-17 16:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>百度周三公布的季度营收高于华尔街预期,这得益于广告销售强劲以及对其人工智能和云产品的需求。百度表示,第三季度总收入为319.2亿元人民币(合49.5亿美元),略高于分析师根据Refinitiv的IBES数据,平均预估为317.1亿元人民币。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b> were RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>总收入</b>为319亿元人民币(49.5亿美元),同比增长13%。</blockquote></p><p> <ul> <li><b>Revenue from Baidu Core</b> was RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b> was RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li> <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b> was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元(38.3亿美元),同比增长15%;<b>网络营销收入</b>为195亿元人民币(30.2亿美元),同比增长6%,<b>非线上营销收入</b>在云和其他人工智能业务的推动下,销售额为52亿元人民币(8.06亿美元),同比增长76%。</li><li><b>爱奇艺收入</b>为76亿元人民币(11.8亿美元),同比增长6%。</li></ul><b>收入成本</b>为161亿元人民币(25亿美元),同比增长26%,主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b> were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为73亿元人民币(11.4亿美元),同比增长56%,主要是由于渠道支出、促销营销、人员相关费用以及与涉及前广告公司的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b> was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发费用</b>为62亿元人民币(9.57亿美元),同比增长35%,主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b> was RMB 2.3 billion($358 million).<b>Baidu Core operating income</b> was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b> was RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b> was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>营业收入</b>为23亿元人民币(3.58亿美元)。<b>百度核心营业收入</b>为37亿元人民币(5.77亿美元),百度核心营业利润率为15%。<b>非公认会计准则营业收入</b>为47亿元人民币(7.31亿美元)。<b>百度核心非公认会计准则营业收入</b>为人民币58亿元(9.04亿美元),百度核心非公认会计准则营业利润率为24%。</blockquote></p><p> <b>Total other loss, net</b> was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他亏损总额,净额</b>为215亿元人民币(33.4亿美元),其中包括189亿元人民币非现金、按市值计价的长期投资损失。该季度公允价值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b> was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为18亿元人民币(2.86亿美元),而20年第三季度的所得税费用为16亿元人民币,主要是由于长期投资公允价值损失确认的递延税项收益增加以及之前考虑的某些费用的扣除。不可扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b> was RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b> was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b> was RMB 5.9 billion($909 million).</p><p><blockquote>归属于百度的净亏损为166亿元人民币(25.7亿美元),每股美国存托凭证摊薄亏损为48.18元人民币(7.48美元)。<b>百度核心应佔净亏损</b>为156亿元人民币(24.3亿美元)。<b>归属于百度的非公认会计准则净利润</b>为51亿元人民币(7.9亿美元),非GAAP摊薄每股美国存托凭证收益为14.66元人民币(2.28美元)。<b>归属于百度核心的非公认会计准则净利润</b>为59亿元人民币(9.09亿美元)。</blockquote></p><p> <b>Adjusted EBITDA</b> was RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b> was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后EBITDA</b>为60亿元人民币(9.25亿美元)。<b>百度核心调整后EBITDA</b>为70亿元人民币(10.9亿美元),百度核心调整后EBITDA利润率为28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b> were RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b> were RMB 183.6 billion($28.49 billion).<b>Free cash flow</b> was RMB 691 million($108 million), and <b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日,<b>现金、现金等价物、受限制现金和短期投资</b>为人民币1,946亿元(302亿美元),以及<b>现金、现金等价物、限制性现金和短期投资(不包括爱奇艺)</b>为人民币1,836亿元(284.9亿美元)。<b>自由现金流</b>为6.91亿元人民币(1.08亿美元),以及<b>不包括爱奇艺的自由现金流</b>为29亿元人民币(4.49亿美元)。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul> <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li> <li>ESG:</li> <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li> <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li> <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>21年第三季度净亏损包括季度公允价值调整产生的长期投资按市值计价的189亿元人民币非现金损失。</li><li>ESG:</li><li>-百度向赫尔菲南省捐赠9000万元人民币,以应对该省最近发生的自然灾害。</li><li>-小度推出“视觉辅助”,实现视障语音控制和按需读屏,音频体验更流畅。</li><li>-10月,百度成立数据管理委员会,整合现有数据管理委员会、数据隐私保护委员会和数据安全委员会,进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul> <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li> <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li> <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li> <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案,由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持,帮助金融服务公司实现运营流程数字化和自动化,吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是一个拥有800年历史的桥梁和水道的联合国教科文组织遗产,正在使用百度智慧城市云为游客保持城市的安全和清洁。利用旅游区的数字化,百度人工智能解决方案帮助地方当局及时发现和解决违规行为,如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议,为其制造业企业提供百度人工智能解决方案,让百度进一步渗透到工业互联网中。</li><li>百度ACE智慧交通已被24个城市采用,合同金额超过人民币1,000万元,同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul> <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li> <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li> <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里,同比增长189%,并获得了411张自动驾驶许可证,反映了Apollo广泛的地理覆盖和广泛的测试场景。</li><li>阿波罗提供的游乐设施连续翻倍,在上海、北京、广州、长沙和沧州均有提供。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议,在其新款W6 SUV中安装Apollo Navigation Pilot(ANP),使与Apollo合作提供自动驾驶和信息娱乐解决方案的品牌总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul> <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li> <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据,2021年Q2,小度在全球智能显示器出货量和中国智能扬声器出货量中排名第一。</li><li>2021年8月,小度完成B轮融资,估值51亿美元,百度保留超多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul> <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li> <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li> <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份,百度App的月活跃用户数达到6.07亿,同比增长12%,日登录用户数达到79%的历史新高,反映了积极的用户体验。</li><li>通过持续的营销云增强(例如扩展的电子商务功能和工具),托管页面达到了百度核心第三季度在线营销收入的43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度的智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul> <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>2021年9月,爱奇艺订阅用户达到1.04亿,为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>百度预计2021年第四季度收入将在310亿元人民币(48.1亿美元)至340亿元人民币(52.7亿美元)之间,同比增长率为2%至12%,假设百度核心收入将同比增长5%至16%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154755901","content_text":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.\nBaidu stock climbed 1.6% in premarket trading.\n\nTotal revenues were RMB 31.9 billion($4.95 billion), increasing 13% year over year.\n\nRevenue from Baidu Core was RMB 24.7 billion($3.83 billion), increasing 15% year over year;online marketing revenue was RMB 19.5 billion($3.02 billion), up 6% year over year, andnon-online marketing revenuewasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.\nRevenue from iQIYIwasRMB 7.6 billion($1.18 billion), increasing 6% year over year.\n\nCost of revenues was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.\nSelling, general and administrative expenses were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.\nResearch and development expense was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.\nOperating income was RMB 2.3 billion($358 million).Baidu Core operating income was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.Non-GAAP operating income was RMB 4.7 billion($731 million).Baidu Core non-GAAP operating income was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.\nTotal other loss, net was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.\nIncome tax benefit was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.\nNet loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).Net loss attributable to Baidu Core was RMB 15.6 billion($2.43 billion).Non-GAAP net income attributable to Baidu was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).Non-GAAP net income attributable to Baidu Core was RMB 5.9 billion($909 million).\nAdjusted EBITDA was RMB 6.0 billion($925 million).Adjusted EBITDA for Baidu Core was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.\nAs ofSeptember 30, 2021,cash, cash equivalents, restricted cash and short-term investments were RMB 194.6 billion($30.20 billion), andcash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB 183.6 billion($28.49 billion).Free cash flow was RMB 691 million($108 million), and free cash flow excluding iQIYIwasRMB 2.9 billion($449 million).\nOther Highlights\nCorporate\n\nQ3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.\nESG:\n- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.\n- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.\n- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.\n\nAI Cloud\n\nBaidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.\nLijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.\nTongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.\nBaidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.\n\nIntelligent Driving\n\nApollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.\nRides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.\nWM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.\n\nOther Growth Initiatives\n\nXiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.\nInAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.\n\nMobile Ecosystem\n\nIn September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.\nManaged Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.\nThe open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.\n\niQIYI\n\niQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.\n\nFinancial Guidance\nFor the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.","news_type":1,"symbols_score_info":{"BIDU":0.9,"09888":0.9}},"isVote":1,"tweetType":1,"viewCount":2910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871832033,"gmtCreate":1637048542477,"gmtModify":1637048542721,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"Financial freedom only..for the founders[打脸] ","listText":"Financial freedom only..for the founders[打脸] ","text":"Financial freedom only..for the founders[打脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871832033","repostId":"2183188070","repostType":4,"isVote":1,"tweetType":1,"viewCount":2478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873415680,"gmtCreate":1636975269064,"gmtModify":1636975269285,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"There are quality Stocks like meta and tencent in her portfoli, but the majority of the others, she hype them up and Pump along then way up. Pump and dump woodie.","listText":"There are quality Stocks like meta and tencent in her portfoli, but the majority of the others, she hype them up and Pump along then way up. Pump and dump woodie.","text":"There are quality Stocks like meta and tencent in her portfoli, but the majority of the others, she hype them up and Pump along then way up. Pump and dump woodie.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873415680","repostId":"2183046479","repostType":2,"isVote":1,"tweetType":1,"viewCount":4074,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879669114,"gmtCreate":1636718068240,"gmtModify":1636718068418,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"Amazon stock is only 4.4x price to book, what has tesla achieved to be compared to amazon at this Price? competitors are catching up and It's fsd is not even rated among the best right now.","listText":"Amazon stock is only 4.4x price to book, what has tesla achieved to be compared to amazon at this Price? competitors are catching up and It's fsd is not even rated among the best right now.","text":"Amazon stock is only 4.4x price to book, what has tesla achieved to be compared to amazon at this Price? competitors are catching up and It's fsd is not even rated among the best right now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879669114","repostId":"1101762629","repostType":4,"repost":{"id":"1101762629","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":1636715542,"share":"https://www.laohu8.com/m/news/1101762629?lang=zh_CN&edition=full","pubTime":"2021-11-12 19:12","market":"us","language":"en","title":"Musk further sold Tesla shares on November 11<blockquote>马斯克11月11日进一步抛售特斯拉股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1101762629","media":"Tiger Newspress","summary":"Musk further sold Tesla shares on November 11, according to the SEC files.","content":"<p>Musk further sold Tesla shares on November 11, according to the SEC files.</p><p><blockquote>根据SEC的文件,马斯克在11月11日进一步出售了特斯拉股票。</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>Musk further sold Tesla shares on November 11<blockquote>马斯克11月11日进一步抛售特斯拉股票</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\">\nMusk further sold Tesla shares on November 11<blockquote>马斯克11月11日进一步抛售特斯拉股票</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\">2021-11-12 19:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Musk further sold Tesla shares on November 11, according to the SEC files.</p><p><blockquote>根据SEC的文件,马斯克在11月11日进一步出售了特斯拉股票。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101762629","content_text":"Musk further sold Tesla shares on November 11, according to the SEC files.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879122785,"gmtCreate":1636693081155,"gmtModify":1636693081774,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"Comparing <a href=\"https://laohu8.com/S/BABAF\">$Alibaba</a>against <a href=\"https://laohu8.com/S/ZM\">$Zoom</a> isnt exactly apple to apple comparison,one is a conglomerate involved with everything in china while the other is just video remote app priced more than 10x sales[傲娇] ","listText":"Comparing <a href=\"https://laohu8.com/S/BABAF\">$Alibaba</a>against <a href=\"https://laohu8.com/S/ZM\">$Zoom</a> isnt exactly apple to apple comparison,one is a conglomerate involved with everything in china while the other is just video remote app priced more than 10x sales[傲娇] ","text":"Comparing $Alibabaagainst $Zoom isnt exactly apple to apple comparison,one is a conglomerate involved with everything in china while the other is just video remote app priced more than 10x sales[傲娇]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879122785","repostId":"1137718483","repostType":4,"repost":{"id":"1137718483","kind":"news","pubTimestamp":1636677707,"share":"https://www.laohu8.com/m/news/1137718483?lang=zh_CN&edition=full","pubTime":"2021-11-12 08:41","market":"hk","language":"en","title":"Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入?这3只顶级股票已下跌超过40%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137718483","media":"Motley Fool","summary":"$Alibaba$ Group has plummeted 49% since peaking 13 months ago.Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.Alibaba and two other U.S. former market darlings have a strong chance to bounce back from here.Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day c","content":"<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul> <li><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group has plummeted 49% since peaking 13 months ago.</li> <li>Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.</li> <li>Alibaba and two other U.S. former market darlings have a strong chance to bounce back from here.</li> </ul> The market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.</p><p><blockquote><ul><li><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>自13个月前达到峰值以来,该集团股价已暴跌49%。</li><li>鉴于中国的“共同富裕”倡议,阿里巴巴-SW的光棍节今非昔比。</li><li>阿里巴巴-SW和另外两家美国前市场宠儿很有可能从这里反弹。</li></ul>市场越来越不稳定,但交易价格仍接近近期历史高点。您是否正在等待市场遭受重创,然后才将资金放在场外发挥作用?嗯,很多去年最大的明星已经坠毁了。</blockquote></p><p> Shares of<b><a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding</b>(NYSE:BABA),<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</b>, and <a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a> have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.</p><p><blockquote>本公司之股份<b><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股</b>(纽约证券交易所代码:BABA),<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</b>,和<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>自触及历史高点以来,均暴跌至少40%。降价似乎有些过头了。让我们仔细看看。</blockquote></p><p> 1. Alibaba</p><p><blockquote>1.阿里巴巴-SW</blockquote></p><p> Thursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.</p><p><blockquote>对于中国的在线零售商来说,周四应该是个大日子。今天是光棍节!阿里巴巴-SW创造了每年11月11日举行的购物假期——因为11/11日期而被称为光棍节——但此后它被较小的电子零售商广泛采用。</blockquote></p><p> Singles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.</p><p><blockquote>今年的光棍节有所不同。中国政府推动的“共同富裕”发现吹捧商业和消费是不时髦的。阿里巴巴-SW不太可能达到去年“双11”庆祝活动期间740亿美元的销售额。</blockquote></p><p> Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.</p><p><blockquote>阿里巴巴-SW进入光棍节,交易价格比去年年底创下的历史高点低49%。在中国政府打击多个行业后,投资者避开了中国的成长型股票,但光棍节真正便宜的可能是阿里巴巴-SW本身的股票。过去十年,该公司的收入每年至少增长32%。即使现在阿里巴巴-SW正在努力应对COVID-19危机和该国的共同繁荣目标,追踪收入仍增长了40%。</blockquote></p><p> 2. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</p><p><blockquote>2.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</blockquote></p><p> The rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?</p><p><blockquote>Zoom Video的兴衰众所周知。在疫情的最初几个月,当面对面的课程、工作会议以及朋友和家人的聚会都不安全时,视频会议平台的受欢迎程度飙升。现在我们大部分人都接种了疫苗,病例数也减少了,Zoom真的有未来吗?</blockquote></p><p> The market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.</p><p><blockquote>市场似乎认为未来将黯淡无光。与阿里巴巴-SW一样,Zoom的股价在13个月前见顶。自该高点以来,Zoom股价已暴跌57%。这里的转折是Zoom仍在增长。最近一个季度收入增长了54%。当然,收入正在减速。我们不会回到Zoom在前五份季度报告中每份报告中公布的三位数营收增长。</blockquote></p><p> However, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.</p><p><blockquote>然而,Zoom仍在复苏的环境中增长。视频会议将继续是一种具有成本效益的聚集和完成工作的方式。Zoom正在充实其产品,最近一次失败的收购尝试不会阻止这一演变过程。去年有一段疯狂的时期,Zoom的交易价格是往绩收入的100多倍。令人兴奋的销售增长和股价的连击发现,目前市盈率已降至仅20倍。</blockquote></p><p> 3. Pinterest</p><p><blockquote>3.Pinterest</blockquote></p><p> A year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.</p><p><blockquote>一年前,我们依靠Pinterest变得狡猾。一旦我们能够在疫情之后安全旅行,视觉发现引擎是食谱、装饰技巧和关于我们想去的目的地的白日梦的宝贵资源。</blockquote></p><p> Everything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.</p><p><blockquote>对Pinterest来说,一切都很顺利,直到我们冷静下来,扔掉我们的酸面团发酵剂,出去吃别人的面包。Pinterest现在的活跃用户连续下降令投资者震惊。该股已较2月份的峰值暴跌49%。</blockquote></p><p> Last month <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b> was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.</p><p><blockquote>上个月<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>据报道,该公司正在就收购Pinterest进行谈判,这笔交易主要是股票交易,Pinterest的估值将达到每股70美元。那些对持有更多股票感到自豪的Pinterest投资者希望有机会回到那里,因为自拟议的合并取消以来,该股已大幅下跌。Pinterest必须升值53%才能达到现在的70美元。</blockquote></p><p> PayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.</p><p><blockquote>PayPal的股票在最初的传言中遭到抛售,但即使现在交易尚未摆在桌面上,该股仍在继续下跌。既然这两只股票都失宠了,它可能不会卷土重来,但Pinterest仍然拥有一个充满活力的平台,货币化程度不断提高。随着广告商蜂拥其营销机会以吸引利润丰厚的Pinterest受众,收入仍在增长。</blockquote></p><p> Alibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.</p><p><blockquote>阿里巴巴-SW、Zoom和Pinterest仍然是蓬勃发展的成长型股票。该股的交易价格恰好比历史高点低了49%至57%。你不需要等到市场崩盘时再买便宜货。他们现在就在外面。</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>Why Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入?这3只顶级股票已下跌超过40%</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\">\nWhy Wait for a Crash to Buy? These 3 Top Stocks Are Already Down More Than 40%<blockquote>为什么要等到崩盘才买入?这3只顶级股票已下跌超过40%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-11-12 08:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul> <li><a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group has plummeted 49% since peaking 13 months ago.</li> <li>Alibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.</li> <li>Alibaba and two other U.S. former market darlings have a strong chance to bounce back from here.</li> </ul> The market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.</p><p><blockquote><ul><li><a href=\"https://laohu8.com/S/BABA\">阿里巴巴-SW</a>自13个月前达到峰值以来,该集团股价已暴跌49%。</li><li>鉴于中国的“共同富裕”倡议,阿里巴巴-SW的光棍节今非昔比。</li><li>阿里巴巴-SW和另外两家美国前市场宠儿很有可能从这里反弹。</li></ul>市场越来越不稳定,但交易价格仍接近近期历史高点。您是否正在等待市场遭受重创,然后才将资金放在场外发挥作用?嗯,很多去年最大的明星已经坠毁了。</blockquote></p><p> Shares of<b><a href=\"https://laohu8.com/S/09988\">Alibaba</a> Group Holding</b>(NYSE:BABA),<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</b>, and <a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a> have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.</p><p><blockquote>本公司之股份<b><a href=\"https://laohu8.com/S/09988\">阿里巴巴-SW</a>集团控股</b>(纽约证券交易所代码:BABA),<b><a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</b>,和<a href=\"https://laohu8.com/S/PINS\"><b>Pinterest</b></a>自触及历史高点以来,均暴跌至少40%。降价似乎有些过头了。让我们仔细看看。</blockquote></p><p> 1. Alibaba</p><p><blockquote>1.阿里巴巴-SW</blockquote></p><p> Thursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.</p><p><blockquote>对于中国的在线零售商来说,周四应该是个大日子。今天是光棍节!阿里巴巴-SW创造了每年11月11日举行的购物假期——因为11/11日期而被称为光棍节——但此后它被较小的电子零售商广泛采用。</blockquote></p><p> Singles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.</p><p><blockquote>今年的光棍节有所不同。中国政府推动的“共同富裕”发现吹捧商业和消费是不时髦的。阿里巴巴-SW不太可能达到去年“双11”庆祝活动期间740亿美元的销售额。</blockquote></p><p> Alibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.</p><p><blockquote>阿里巴巴-SW进入光棍节,交易价格比去年年底创下的历史高点低49%。在中国政府打击多个行业后,投资者避开了中国的成长型股票,但光棍节真正便宜的可能是阿里巴巴-SW本身的股票。过去十年,该公司的收入每年至少增长32%。即使现在阿里巴巴-SW正在努力应对COVID-19危机和该国的共同繁荣目标,追踪收入仍增长了40%。</blockquote></p><p> 2. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video</p><p><blockquote>2.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>录像</blockquote></p><p> The rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?</p><p><blockquote>Zoom Video的兴衰众所周知。在疫情的最初几个月,当面对面的课程、工作会议以及朋友和家人的聚会都不安全时,视频会议平台的受欢迎程度飙升。现在我们大部分人都接种了疫苗,病例数也减少了,Zoom真的有未来吗?</blockquote></p><p> The market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.</p><p><blockquote>市场似乎认为未来将黯淡无光。与阿里巴巴-SW一样,Zoom的股价在13个月前见顶。自该高点以来,Zoom股价已暴跌57%。这里的转折是Zoom仍在增长。最近一个季度收入增长了54%。当然,收入正在减速。我们不会回到Zoom在前五份季度报告中每份报告中公布的三位数营收增长。</blockquote></p><p> However, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.</p><p><blockquote>然而,Zoom仍在复苏的环境中增长。视频会议将继续是一种具有成本效益的聚集和完成工作的方式。Zoom正在充实其产品,最近一次失败的收购尝试不会阻止这一演变过程。去年有一段疯狂的时期,Zoom的交易价格是往绩收入的100多倍。令人兴奋的销售增长和股价的连击发现,目前市盈率已降至仅20倍。</blockquote></p><p> 3. Pinterest</p><p><blockquote>3.Pinterest</blockquote></p><p> A year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.</p><p><blockquote>一年前,我们依靠Pinterest变得狡猾。一旦我们能够在疫情之后安全旅行,视觉发现引擎是食谱、装饰技巧和关于我们想去的目的地的白日梦的宝贵资源。</blockquote></p><p> Everything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.</p><p><blockquote>对Pinterest来说,一切都很顺利,直到我们冷静下来,扔掉我们的酸面团发酵剂,出去吃别人的面包。Pinterest现在的活跃用户连续下降令投资者震惊。该股已较2月份的峰值暴跌49%。</blockquote></p><p> Last month <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b> was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.</p><p><blockquote>上个月<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>控股</b>据报道,该公司正在就收购Pinterest进行谈判,这笔交易主要是股票交易,Pinterest的估值将达到每股70美元。那些对持有更多股票感到自豪的Pinterest投资者希望有机会回到那里,因为自拟议的合并取消以来,该股已大幅下跌。Pinterest必须升值53%才能达到现在的70美元。</blockquote></p><p> PayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.</p><p><blockquote>PayPal的股票在最初的传言中遭到抛售,但即使现在交易尚未摆在桌面上,该股仍在继续下跌。既然这两只股票都失宠了,它可能不会卷土重来,但Pinterest仍然拥有一个充满活力的平台,货币化程度不断提高。随着广告商蜂拥其营销机会以吸引利润丰厚的Pinterest受众,收入仍在增长。</blockquote></p><p> Alibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.</p><p><blockquote>阿里巴巴-SW、Zoom和Pinterest仍然是蓬勃发展的成长型股票。该股的交易价格恰好比历史高点低了49%至57%。你不需要等到市场崩盘时再买便宜货。他们现在就在外面。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.fool.com/investing/2021/11/11/why-wait-for-a-crash-to-buy-these-3-top-stocks-are/\">Motley Fool</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":{"PINS":"Pinterest, Inc.","ZM":"Zoom","BABA":"阿里巴巴"},"source_url":"https://www.fool.com/investing/2021/11/11/why-wait-for-a-crash-to-buy-these-3-top-stocks-are/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137718483","content_text":"Key Points\n\nAlibaba Group has plummeted 49% since peaking 13 months ago.\nAlibaba's Singles' Day isn't what it used to be now given China's \"common prosperity\" initiative.\nAlibaba and two other U.S. former market darlings have a strong chance to bounce back from here.\n\nThe market's getting volatile, but it's still trading close to its recent all-time highs. Are you waiting for the market to take a big hit before putting your money on the sidelines to work? Well, a lot of last year's biggest stars have already crashed.\nShares ofAlibaba Group Holding(NYSE:BABA),Zoom Video, and Pinterest have all plummeted at least 40% since hitting all-time highs. The markdowns seem overdone. Let's take a closer look.\n1. Alibaba\nThursday should've been a big day for China's online retailers. It's Singles' Day! Alibaba created the shopping holiday that takes place every year on Nov. 11 -- called Singles' Day because of the 11/11 date -- but it has since been widely adopted by smaller e-tailers.\nSingles' Day is hitting different this year. China's government push for \"common prosperity\" finds it unfashionable to tout commerce and consumption. Alibaba is highly unlikely to match the $74 billion it rang up in sales during last year's \"Double 11\" celebration.\nAlibaba enters Singles' Day trading 49% below the all-time high it hit late last year. Investors have steered clear of China's growth stocks in the wake of the government's crackdown on several industries, but the real bargain for Singles' Day could be shares of Alibaba itself. It has grown revenue by at least 32% every year over the past decade. Even now as Alibaba grapples with the COVID-19 crisis and the country's common prosperity objectives, trailing revenue has climbed 40%.\n2. Zoom Video\nThe rise and fall of Zoom Video is well known. The videoconferencing platform skyrocketed in popularity during the early months of the pandemic when in-person classes, work meetings, and gatherings of friends and family weren't safe. Now that we're largely vaccinated and case counts are lower is there really a future for Zoom?\nThe market seems to think that the future will be bleak. Like Alibaba, shares of Zoom peaked 13 months ago. Zoom stock has plummeted 57% since that high. The twist here is that Zoom is still growing. Revenue rose 54% inits latest quarter. Sure, revenue is decelerating. We're not going to return to the triple-digit top-line growth that Zoom posted in each of the five previous quarterly reports.\nHowever, Zoom is still growing in the recovery climate. Video meetings will continue to be a cost-effective way to gather and get things done. Zoom is fleshing out its offerings, and a recently fumbled acquisition attempt won't stop the evolutionary process. There was a crazy time last year when Zoom was trading for more than 100 times trailing revenue. The one-two punch of heady sales growth and the cascading stock price finds that multiple whittled down to just 20 right now.\n3. Pinterest\nA year ago we were leaning on Pinterest to get crafty. The visual discovery engine was a valuable resource for recipes, decorating tips, and daydreaming about destinations we wanted to visit once we were able to safely travel after the pandemic.\nEverything was going swimmingly for Pinterest until we were cool to toss out our sourdough starter and head outside to eat someone else's bread. Pinterest has now stunned investors with back-to-back sequential declines in active users. The stock has plummeted 49% from February's peak.\nLast month PayPal Holdings was reportedly negotiating to buy Pinterest in a largely stock deal that would value Pinterest at$70 a share. Pinterest investors who were cocky about holding out for more would love a chance to get back there, as the stock has fallen sharply since the proposed combination came undone. Pinterest would have to appreciate by 53% to get to $70 now.\nPayPal stock sold off on the initial chatter, but it continues to fall even now that a deal is not on the table. It probably won't come back on bended knee now that both stocks are out of favor, but Pinterest still has a vibrant platform with improving monetization. Revenue is still growing as advertisers flock its marketing opportunities to reach the lucrative Pinterest audience.\nAlibaba, Zoom, and Pinterest are still thrivinggrowth stocks. The shares just happen to be trading between 49% and 57% off their all-time highs. You don't need to wait for the market crash to happen to pick up bargains. They're out there now.","news_type":1,"symbols_score_info":{"ZM":0.9,"PINS":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879111174,"gmtCreate":1636689234217,"gmtModify":1636689234849,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>hhuh, why dropping today? Hongkie punters taking profits and run?","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>hhuh, why dropping today? Hongkie punters taking profits and run?","text":"$Alibaba(09988)$hhuh, why dropping today? Hongkie punters taking profits and run?","images":[{"img":"https://static.tigerbbs.com/68f7826a2b53f67def16e0c6f8a8f2dd","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/879111174","isVote":1,"tweetType":1,"viewCount":1105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":870764286,"gmtCreate":1636649401480,"gmtModify":1636649402052,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"In the same boat! Will average down along the way up!","listText":"In the same boat! Will average down along the way up!","text":"In the same boat! Will average down along the way up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870764286","repostId":"870765094","repostType":1,"repost":{"id":870765094,"gmtCreate":1636649154110,"gmtModify":1636649154408,"author":{"id":"3582185683571273","authorId":"3582185683571273","name":"HLian","avatar":"https://static.tigerbbs.com/90bcdbd44874b70cbc71635ff588e5eb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582185683571273","authorIdStr":"3582185683571273"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>ok hang on..","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>ok hang on..","text":"$Tiger Brokers(TIGR)$ok hang on..","images":[{"img":"https://static.tigerbbs.com/125f67f1b9975c93e8886abd52dab2e0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870765094","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1032,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847498369,"gmtCreate":1636542257485,"gmtModify":1636542258009,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"Someone predict the crash gonna come soon every single month, just remember that even a broken clock get the time correct twice every day. Just stick to fundamentals and stay invested[正经] ","listText":"Someone predict the crash gonna come soon every single month, just remember that even a broken clock get the time correct twice every day. Just stick to fundamentals and stay invested[正经] ","text":"Someone predict the crash gonna come soon every single month, just remember that even a broken clock get the time correct twice every day. Just stick to fundamentals and stay invested[正经]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847498369","repostId":"1179287524","repostType":4,"isVote":1,"tweetType":1,"viewCount":815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":844654299,"gmtCreate":1636424593720,"gmtModify":1636424594279,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/00700\">$TENCENT(00700)$</a>part of thr reason why Chinese company prefer listing in nyse rather than hkex, hlex are filled with short term traders while USA simply has more whom are willing to take a longer look at it's investment holding and support their price, allowing them to grow healthily.","listText":"<a href=\"https://laohu8.com/S/00700\">$TENCENT(00700)$</a>part of thr reason why Chinese company prefer listing in nyse rather than hkex, hlex are filled with short term traders while USA simply has more whom are willing to take a longer look at it's investment holding and support their price, allowing them to grow healthily.","text":"$TENCENT(00700)$part of thr reason why Chinese company prefer listing in nyse rather than hkex, hlex are filled with short term traders while USA simply has more whom are willing to take a longer look at it's investment holding and support their price, allowing them to grow healthily.","images":[{"img":"https://static.tigerbbs.com/669fc3e805ffbf0a2a1ea55488989e7f","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844654299","isVote":1,"tweetType":1,"viewCount":760,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845289237,"gmtCreate":1636341120627,"gmtModify":1636342385175,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"Thinking it's a dead cat bounce , share Price has been priced at a premium even after the massive drop.","listText":"Thinking it's a dead cat bounce , share Price has been priced at a premium even after the massive drop.","text":"Thinking it's a dead cat bounce , share Price has been priced at a premium even after the massive drop.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845289237","repostId":"845664586","repostType":1,"repost":{"id":845664586,"gmtCreate":1636335398871,"gmtModify":1636335399568,"author":{"id":"3585438119648715","authorId":"3585438119648715","name":"ca4edf9","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585438119648715","authorIdStr":"3585438119648715"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/06862\">$HAIDILAO(06862)$</a>Hai Di laoo ","listText":"<a href=\"https://laohu8.com/S/06862\">$HAIDILAO(06862)$</a>Hai Di laoo ","text":"$HAIDILAO(06862)$Hai Di laoo","images":[{"img":"https://static.tigerbbs.com/50f4f8ca449ac5343021972a33078e17","width":"750","height":"1485"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845664586","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":694,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845665743,"gmtCreate":1636335365323,"gmtModify":1636335365873,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/06862\">$HAIDILAO(06862)$</a>hhuh, closing 300 stores and yet it's good news to investors?","listText":"<a href=\"https://laohu8.com/S/06862\">$HAIDILAO(06862)$</a>hhuh, closing 300 stores and yet it's good news to investors?","text":"$HAIDILAO(06862)$hhuh, closing 300 stores and yet it's good news to investors?","images":[{"img":"https://static.tigerbbs.com/0239f18c79aaf5dd523be960192889db","width":"1080","height":"3432"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/845665743","isVote":1,"tweetType":1,"viewCount":736,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842052085,"gmtCreate":1636121915633,"gmtModify":1636121916142,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"How do u guys check the Short interest?","listText":"How do u guys check the Short interest?","text":"How do u guys check the Short interest?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842052085","repostId":"842062343","repostType":1,"repost":{"id":842062343,"gmtCreate":1636121158311,"gmtModify":1636121163884,"author":{"id":"3576759208994289","authorId":"3576759208994289","name":"CashCity","avatar":"https://static.tigerbbs.com/c5cf91d5f3d2d348fadcd1f4cd2a3fc7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576759208994289","authorIdStr":"3576759208994289"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a> Next week back to $8? Almost no more stocks left to borrow to short.","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a> Next week back to $8? Almost no more stocks left to borrow to short.","text":"$Tiger Brokers(TIGR)$ Next week back to $8? Almost no more stocks left to borrow to short.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842062343","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848755299,"gmtCreate":1636032584778,"gmtModify":1636037255008,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"Haha 🤣🤣🤣, dunno why if anyone will still believe this fraud company.","listText":"Haha 🤣🤣🤣, dunno why if anyone will still believe this fraud company.","text":"Haha 🤣🤣🤣, dunno why if anyone will still believe this fraud company.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848755299","repostId":"1100949235","repostType":4,"repost":{"id":"1100949235","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":1636031029,"share":"https://www.laohu8.com/m/news/1100949235?lang=zh_CN&edition=full","pubTime":"2021-11-04 21:03","market":"us","language":"en","title":"Nikola stock surged 6% after reporting quarterly results<blockquote>尼古拉公布季度业绩后股价飙升6%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100949235","media":"Tiger Newspress","summary":"Nikola stock surged 6% after reporting quarterly results.\n\nNikola Corporation today reported financi","content":"<p>Nikola stock surged 6% after reporting quarterly results.</p><p><blockquote>Nikola公布季度业绩后股价飙升6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eed83deb9bd3d57a85bf31a9ee1b16d7\" tg-width=\"849\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Nikola Corporation today reported financial results for the quarter ended September 30, 2021.</p><p><blockquote>尼古拉公司今天公布了截至2021年9月30日的季度财务业绩。</blockquote></p><p> <ul> <li>Up to 25 Tre BEV trucks are expected to be delivered to dealers and customers by the end of 2021 and Tre FCEV is on schedule, and testing has begun</p><p><blockquote><ul><li>预计到2021年底将向经销商和客户交付多达25辆Tre BEV卡车,Tre FCEV按计划进行,测试已开始</li></ul></blockquote></p><p></li> <li>Continued progress building out the sales and service network with dealers in 28 states consisting of over 130 locations</p><p><blockquote><li>继续在28个州建立销售和服务网络,经销商遍布130多个地点</li></blockquote></p><p></li> <li>Ulm, Germany joint venture manufacturing facility inaugurated in September</p><p><blockquote><li>德国乌尔姆合资制造工厂于九月落成</li></blockquote></p><p></li> <li>$125 million reserved to fund potential settlement with the SEC</p><p><blockquote><li>预留1.25亿美元用于资助与SEC的潜在和解</li></blockquote></p><p></li> </ul> \"During the third quarter, we continued to execute on our business plan,” said Mark Russell, Nikola's Chief Executive Officer. “Validation of the Nikola Tre BEV is progressing, with trucks now being test-driven and tested on public roads. We also formally inaugurated our joint venture manufacturing facility in Ulm, Germany, and entered into additional strategic partnerships to advance our hydrogen refueling ecosystem with TC Energy and OPAL Fuels.”</p><p><blockquote>Nikola首席执行官Mark Russell表示:“第三季度,我们继续执行我们的业务计划。Nikola Tre BEV的验证正在取得进展,卡车现在正在公共道路上进行试驾和测试。我们还正式启动了位于德国乌尔姆的合资制造工厂,并与TC Energy和OPAL Fuels建立了额外的战略合作伙伴关系,以推进我们的加氢生态系统。”</blockquote></p><p> Russell added, “with prospects of an SEC settlement, we’re looking forward to resolving the outstanding issues relating to our founder and bringing that chapter to a close and maintaining our focus on delivering trucks to our customers, and building the energy, service, and support infrastructure our customers need.”</p><p><blockquote>拉塞尔补充道:“随着美国证券交易委员会达成和解的前景,我们期待解决与我们创始人相关的悬而未决的问题,结束这一篇章,并继续专注于向客户交付卡车,以及建设能源、服务和支持我们的客户所需的基础设施。”</blockquote></p><p> <b>Third Quarter Financial Highlights</b></p><p><blockquote><b>第三季度财务摘要</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c6af9593f60adb9a4fa204669090164\" tg-width=\"2994\" tg-height=\"960\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Business Outlook</b></p><p><blockquote><b>业务展望</b></blockquote></p><p> Nikola looks forward to achieving the following milestones in the fourth quarter of 2021:</p><p><blockquote>尼古拉期待在2021年第四季度实现以下里程碑:</blockquote></p><p> <ul> <li>Deliver pre-series Nikola Tre BEVs for use on public roads hauling customer freight;</p><p><blockquote><ul><li>交付预系列Nikola Tre纯电动汽车,用于在公共道路上运输客户货物;</li></ul></blockquote></p><p></li> <li>Announce additional fleet testing dealers/customers;</p><p><blockquote><li>宣布额外的车队测试经销商/客户;</li></blockquote></p><p></li> <li>Purchase land for our first centralized hydrogen production hub facility and/or commercial on-site gaseous generation station; and</p><p><blockquote><li>为我们的首个集中制氢中心设施及╱或商业现场气体发电站购买土地;和</li></blockquote></p><p></li> <li>Announce additional hydrogen infrastructure/ecosystem partners</p><p><blockquote><li>宣布更多氢基础设施/生态系统合作伙伴</li></blockquote></p><p></li> </ul></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>Nikola stock surged 6% after reporting quarterly results<blockquote>尼古拉公布季度业绩后股价飙升6%</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\">\nNikola stock surged 6% after reporting quarterly results<blockquote>尼古拉公布季度业绩后股价飙升6%</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\">2021-11-04 21:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Nikola stock surged 6% after reporting quarterly results.</p><p><blockquote>Nikola公布季度业绩后股价飙升6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eed83deb9bd3d57a85bf31a9ee1b16d7\" tg-width=\"849\" tg-height=\"618\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Nikola Corporation today reported financial results for the quarter ended September 30, 2021.</p><p><blockquote>尼古拉公司今天公布了截至2021年9月30日的季度财务业绩。</blockquote></p><p> <ul> <li>Up to 25 Tre BEV trucks are expected to be delivered to dealers and customers by the end of 2021 and Tre FCEV is on schedule, and testing has begun</p><p><blockquote><ul><li>预计到2021年底将向经销商和客户交付多达25辆Tre BEV卡车,Tre FCEV按计划进行,测试已开始</li></ul></blockquote></p><p></li> <li>Continued progress building out the sales and service network with dealers in 28 states consisting of over 130 locations</p><p><blockquote><li>继续在28个州建立销售和服务网络,经销商遍布130多个地点</li></blockquote></p><p></li> <li>Ulm, Germany joint venture manufacturing facility inaugurated in September</p><p><blockquote><li>德国乌尔姆合资制造工厂于九月落成</li></blockquote></p><p></li> <li>$125 million reserved to fund potential settlement with the SEC</p><p><blockquote><li>预留1.25亿美元用于资助与SEC的潜在和解</li></blockquote></p><p></li> </ul> \"During the third quarter, we continued to execute on our business plan,” said Mark Russell, Nikola's Chief Executive Officer. “Validation of the Nikola Tre BEV is progressing, with trucks now being test-driven and tested on public roads. We also formally inaugurated our joint venture manufacturing facility in Ulm, Germany, and entered into additional strategic partnerships to advance our hydrogen refueling ecosystem with TC Energy and OPAL Fuels.”</p><p><blockquote>Nikola首席执行官Mark Russell表示:“第三季度,我们继续执行我们的业务计划。Nikola Tre BEV的验证正在取得进展,卡车现在正在公共道路上进行试驾和测试。我们还正式启动了位于德国乌尔姆的合资制造工厂,并与TC Energy和OPAL Fuels建立了额外的战略合作伙伴关系,以推进我们的加氢生态系统。”</blockquote></p><p> Russell added, “with prospects of an SEC settlement, we’re looking forward to resolving the outstanding issues relating to our founder and bringing that chapter to a close and maintaining our focus on delivering trucks to our customers, and building the energy, service, and support infrastructure our customers need.”</p><p><blockquote>拉塞尔补充道:“随着美国证券交易委员会达成和解的前景,我们期待解决与我们创始人相关的悬而未决的问题,结束这一篇章,并继续专注于向客户交付卡车,以及建设能源、服务和支持我们的客户所需的基础设施。”</blockquote></p><p> <b>Third Quarter Financial Highlights</b></p><p><blockquote><b>第三季度财务摘要</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c6af9593f60adb9a4fa204669090164\" tg-width=\"2994\" tg-height=\"960\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Business Outlook</b></p><p><blockquote><b>业务展望</b></blockquote></p><p> Nikola looks forward to achieving the following milestones in the fourth quarter of 2021:</p><p><blockquote>尼古拉期待在2021年第四季度实现以下里程碑:</blockquote></p><p> <ul> <li>Deliver pre-series Nikola Tre BEVs for use on public roads hauling customer freight;</p><p><blockquote><ul><li>交付预系列Nikola Tre纯电动汽车,用于在公共道路上运输客户货物;</li></ul></blockquote></p><p></li> <li>Announce additional fleet testing dealers/customers;</p><p><blockquote><li>宣布额外的车队测试经销商/客户;</li></blockquote></p><p></li> <li>Purchase land for our first centralized hydrogen production hub facility and/or commercial on-site gaseous generation station; and</p><p><blockquote><li>为我们的首个集中制氢中心设施及╱或商业现场气体发电站购买土地;和</li></blockquote></p><p></li> <li>Announce additional hydrogen infrastructure/ecosystem partners</p><p><blockquote><li>宣布更多氢基础设施/生态系统合作伙伴</li></blockquote></p><p></li> </ul></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100949235","content_text":"Nikola stock surged 6% after reporting quarterly results.\n\nNikola Corporation today reported financial results for the quarter ended September 30, 2021.\n\nUp to 25 Tre BEV trucks are expected to be delivered to dealers and customers by the end of 2021 and Tre FCEV is on schedule, and testing has begun\nContinued progress building out the sales and service network with dealers in 28 states consisting of over 130 locations\nUlm, Germany joint venture manufacturing facility inaugurated in September\n$125 million reserved to fund potential settlement with the SEC\n\n\"During the third quarter, we continued to execute on our business plan,” said Mark Russell, Nikola's Chief Executive Officer. “Validation of the Nikola Tre BEV is progressing, with trucks now being test-driven and tested on public roads. We also formally inaugurated our joint venture manufacturing facility in Ulm, Germany, and entered into additional strategic partnerships to advance our hydrogen refueling ecosystem with TC Energy and OPAL Fuels.”\nRussell added, “with prospects of an SEC settlement, we’re looking forward to resolving the outstanding issues relating to our founder and bringing that chapter to a close and maintaining our focus on delivering trucks to our customers, and building the energy, service, and support infrastructure our customers need.”\nThird Quarter Financial Highlights\n\nBusiness Outlook\nNikola looks forward to achieving the following milestones in the fourth quarter of 2021:\n\nDeliver pre-series Nikola Tre BEVs for use on public roads hauling customer freight;\nAnnounce additional fleet testing dealers/customers;\nPurchase land for our first centralized hydrogen production hub facility and/or commercial on-site gaseous generation station; and\nAnnounce additional hydrogen infrastructure/ecosystem partners","news_type":1,"symbols_score_info":{"NKLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":843689072,"gmtCreate":1635823631213,"gmtModify":1635823631416,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571036277019840","authorIdStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>美国拼命买[鼓掌] ,香港拼命卖[抠鼻] [晕] ","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>美国拼命买[鼓掌] ,香港拼命卖[抠鼻] [晕] ","text":"$Alibaba(09988)$美国拼命买[鼓掌] ,香港拼命卖[抠鼻] [晕]","images":[{"img":"https://static.tigerbbs.com/baab65fd3b929038343177ad1fea0445","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/843689072","isVote":1,"tweetType":1,"viewCount":1156,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578479768557192","authorId":"3578479768557192","name":"FranKoh","avatar":"https://static.tigerbbs.com/94104f964346a916676e7e914d93706d","crmLevel":12,"crmLevelSwitch":0,"idStr":"3578479768557192","authorIdStr":"3578479768557192"},"content":"Why so? US buy and HK sells ? Dont make any sense to me…","text":"Why so? US buy and HK sells ? Dont make any sense to me…","html":"Why so? US buy and HK sells ? Dont make any sense to me…"}],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":183108852,"gmtCreate":1623312549176,"gmtModify":1634034693280,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>can tigr break the $30 mark this week??","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>can tigr break the $30 mark this week??","text":"$Tiger Brokers(TIGR)$can tigr break the $30 mark this week??","images":[{"img":"https://static.tigerbbs.com/67ccf0fb98467bad87dccb402c1179c5","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/183108852","isVote":1,"tweetType":1,"viewCount":2271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":879111174,"gmtCreate":1636689234217,"gmtModify":1636689234849,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>hhuh, why dropping today? Hongkie punters taking profits and run?","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>hhuh, why dropping today? Hongkie punters taking profits and run?","text":"$Alibaba(09988)$hhuh, why dropping today? Hongkie punters taking profits and run?","images":[{"img":"https://static.tigerbbs.com/68f7826a2b53f67def16e0c6f8a8f2dd","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/879111174","isVote":1,"tweetType":1,"viewCount":1105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":843689072,"gmtCreate":1635823631213,"gmtModify":1635823631416,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>美国拼命买[鼓掌] ,香港拼命卖[抠鼻] [晕] ","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>美国拼命买[鼓掌] ,香港拼命卖[抠鼻] [晕] ","text":"$Alibaba(09988)$美国拼命买[鼓掌] ,香港拼命卖[抠鼻] [晕]","images":[{"img":"https://static.tigerbbs.com/baab65fd3b929038343177ad1fea0445","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/843689072","isVote":1,"tweetType":1,"viewCount":1156,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578479768557192","authorId":"3578479768557192","name":"FranKoh","avatar":"https://static.tigerbbs.com/94104f964346a916676e7e914d93706d","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3578479768557192","idStr":"3578479768557192"},"content":"Why so? US buy and HK sells ? Dont make any sense to me…","text":"Why so? US buy and HK sells ? Dont make any sense to me…","html":"Why so? US buy and HK sells ? Dont make any sense to me…"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":161938238,"gmtCreate":1623899767324,"gmtModify":1634026138046,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>hmm...wonder if there's opportunity to average up at a good price.","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>hmm...wonder if there's opportunity to average up at a good price.","text":"$SEA LTD(SE)$hmm...wonder if there's opportunity to average up at a good price.","images":[{"img":"https://static.tigerbbs.com/46ba8a33b69b73b93c4fcae2c2a9a27a","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/161938238","isVote":1,"tweetType":1,"viewCount":777,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3484893936287389","authorId":"3484893936287389","name":"神的孩子都在跳舞吧","avatar":"https://static.tigerbbs.com/179c82d74b4d0a5ed1b41dd0329334cd","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3484893936287389","idStr":"3484893936287389"},"content":"你几月入职的?","text":"你几月入职的?","html":"你几月入职的?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":878988284,"gmtCreate":1637138381299,"gmtModify":1637138381893,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"[得意] [得意] [财迷] , huat ah!","listText":"[得意] [得意] [财迷] , huat ah!","text":"[得意] [得意] [财迷] , huat ah!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878988284","repostId":"1154755901","repostType":4,"repost":{"id":"1154755901","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":1637138067,"share":"https://www.laohu8.com/m/news/1154755901?lang=zh_CN&edition=full","pubTime":"2021-11-17 16:34","market":"hk","language":"en","title":"Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲,百度季度收入超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154755901","media":"Tiger Newspress","summary":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by str","content":"<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>百度周三公布的季度营收高于华尔街预期,这得益于广告销售强劲以及对其人工智能和云产品的需求。百度表示,第三季度总收入为319.2亿元人民币(合49.5亿美元),略高于分析师根据Refinitiv的IBES数据,平均预估为317.1亿元人民币。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b> were RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>总收入</b>为319亿元人民币(49.5亿美元),同比增长13%。</blockquote></p><p> <ul> <li><b>Revenue from Baidu Core</b> was RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b> was RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li> <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b> was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元(38.3亿美元),同比增长15%;<b>网络营销收入</b>为195亿元人民币(30.2亿美元),同比增长6%,<b>非线上营销收入</b>在云和其他人工智能业务的推动下,销售额为52亿元人民币(8.06亿美元),同比增长76%。</li><li><b>爱奇艺收入</b>为76亿元人民币(11.8亿美元),同比增长6%。</li></ul><b>收入成本</b>为161亿元人民币(25亿美元),同比增长26%,主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b> were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为73亿元人民币(11.4亿美元),同比增长56%,主要是由于渠道支出、促销营销、人员相关费用以及与涉及前广告公司的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b> was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发费用</b>为62亿元人民币(9.57亿美元),同比增长35%,主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b> was RMB 2.3 billion($358 million).<b>Baidu Core operating income</b> was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b> was RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b> was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>营业收入</b>为23亿元人民币(3.58亿美元)。<b>百度核心营业收入</b>为37亿元人民币(5.77亿美元),百度核心营业利润率为15%。<b>非公认会计准则营业收入</b>为47亿元人民币(7.31亿美元)。<b>百度核心非公认会计准则营业收入</b>为人民币58亿元(9.04亿美元),百度核心非公认会计准则营业利润率为24%。</blockquote></p><p> <b>Total other loss, net</b> was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他亏损总额,净额</b>为215亿元人民币(33.4亿美元),其中包括189亿元人民币非现金、按市值计价的长期投资损失。该季度公允价值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b> was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为18亿元人民币(2.86亿美元),而20年第三季度的所得税费用为16亿元人民币,主要是由于长期投资公允价值损失确认的递延税项收益增加以及之前考虑的某些费用的扣除。不可扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b> was RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b> was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b> was RMB 5.9 billion($909 million).</p><p><blockquote>归属于百度的净亏损为166亿元人民币(25.7亿美元),每股美国存托凭证摊薄亏损为48.18元人民币(7.48美元)。<b>百度核心应佔净亏损</b>为156亿元人民币(24.3亿美元)。<b>归属于百度的非公认会计准则净利润</b>为51亿元人民币(7.9亿美元),非GAAP摊薄每股美国存托凭证收益为14.66元人民币(2.28美元)。<b>归属于百度核心的非公认会计准则净利润</b>为59亿元人民币(9.09亿美元)。</blockquote></p><p> <b>Adjusted EBITDA</b> was RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b> was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后EBITDA</b>为60亿元人民币(9.25亿美元)。<b>百度核心调整后EBITDA</b>为70亿元人民币(10.9亿美元),百度核心调整后EBITDA利润率为28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b> were RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b> were RMB 183.6 billion($28.49 billion).<b>Free cash flow</b> was RMB 691 million($108 million), and <b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日,<b>现金、现金等价物、受限制现金和短期投资</b>为人民币1,946亿元(302亿美元),以及<b>现金、现金等价物、限制性现金和短期投资(不包括爱奇艺)</b>为人民币1,836亿元(284.9亿美元)。<b>自由现金流</b>为6.91亿元人民币(1.08亿美元),以及<b>不包括爱奇艺的自由现金流</b>为29亿元人民币(4.49亿美元)。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul> <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li> <li>ESG:</li> <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li> <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li> <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>21年第三季度净亏损包括季度公允价值调整产生的长期投资按市值计价的189亿元人民币非现金损失。</li><li>ESG:</li><li>-百度向赫尔菲南省捐赠9000万元人民币,以应对该省最近发生的自然灾害。</li><li>-小度推出“视觉辅助”,实现视障语音控制和按需读屏,音频体验更流畅。</li><li>-10月,百度成立数据管理委员会,整合现有数据管理委员会、数据隐私保护委员会和数据安全委员会,进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul> <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li> <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li> <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li> <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案,由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持,帮助金融服务公司实现运营流程数字化和自动化,吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是一个拥有800年历史的桥梁和水道的联合国教科文组织遗产,正在使用百度智慧城市云为游客保持城市的安全和清洁。利用旅游区的数字化,百度人工智能解决方案帮助地方当局及时发现和解决违规行为,如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议,为其制造业企业提供百度人工智能解决方案,让百度进一步渗透到工业互联网中。</li><li>百度ACE智慧交通已被24个城市采用,合同金额超过人民币1,000万元,同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul> <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li> <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li> <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里,同比增长189%,并获得了411张自动驾驶许可证,反映了Apollo广泛的地理覆盖和广泛的测试场景。</li><li>阿波罗提供的游乐设施连续翻倍,在上海、北京、广州、长沙和沧州均有提供。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议,在其新款W6 SUV中安装Apollo Navigation Pilot(ANP),使与Apollo合作提供自动驾驶和信息娱乐解决方案的品牌总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul> <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li> <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据,2021年Q2,小度在全球智能显示器出货量和中国智能扬声器出货量中排名第一。</li><li>2021年8月,小度完成B轮融资,估值51亿美元,百度保留超多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul> <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li> <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li> <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份,百度App的月活跃用户数达到6.07亿,同比增长12%,日登录用户数达到79%的历史新高,反映了积极的用户体验。</li><li>通过持续的营销云增强(例如扩展的电子商务功能和工具),托管页面达到了百度核心第三季度在线营销收入的43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度的智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul> <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>2021年9月,爱奇艺订阅用户达到1.04亿,为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>百度预计2021年第四季度收入将在310亿元人民币(48.1亿美元)至340亿元人民币(52.7亿美元)之间,同比增长率为2%至12%,假设百度核心收入将同比增长5%至16%。</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>Baidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲,百度季度收入超出预期</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\">\nBaidu beats quarterly revenue estimates on robust ad sales, AI<blockquote>由于广告销售和人工智能强劲,百度季度收入超出预期</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\">2021-11-17 16:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.</p><p><blockquote>百度周三公布的季度营收高于华尔街预期,这得益于广告销售强劲以及对其人工智能和云产品的需求。百度表示,第三季度总收入为319.2亿元人民币(合49.5亿美元),略高于分析师根据Refinitiv的IBES数据,平均预估为317.1亿元人民币。</blockquote></p><p> Baidu stock climbed 1.6% in premarket trading.</p><p><blockquote>百度股价在盘前交易中上涨1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ff45646bb43efda219e4c6b143b1daf8\" tg-width=\"848\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/84e4b6e7ab7b7d2ec65ad8ba25ce18cf\" tg-width=\"759\" tg-height=\"589\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Total revenues</b> were RMB 31.9 billion($4.95 billion), increasing 13% year over year.</p><p><blockquote><b>总收入</b>为319亿元人民币(49.5亿美元),同比增长13%。</blockquote></p><p> <ul> <li><b>Revenue from Baidu Core</b> was RMB 24.7 billion($3.83 billion), increasing 15% year over year;<b>online marketing revenue</b> was RMB 19.5 billion($3.02 billion), up 6% year over year, and<b>non-online marketing revenue</b>wasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.</li> <li><b>Revenue from iQIYI</b>wasRMB 7.6 billion($1.18 billion), increasing 6% year over year.</li> </ul> <b>Cost of revenues</b> was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.</p><p><blockquote><ul><li><b>百度核心收入</b>为人民币247亿元(38.3亿美元),同比增长15%;<b>网络营销收入</b>为195亿元人民币(30.2亿美元),同比增长6%,<b>非线上营销收入</b>在云和其他人工智能业务的推动下,销售额为52亿元人民币(8.06亿美元),同比增长76%。</li><li><b>爱奇艺收入</b>为76亿元人民币(11.8亿美元),同比增长6%。</li></ul><b>收入成本</b>为161亿元人民币(25亿美元),同比增长26%,主要是由于与新人工智能业务相关的流量获取成本、内容成本和销售商品成本增加。</blockquote></p><p> <b>Selling, general and administrative expenses</b> were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.</p><p><blockquote><b>销售、一般及行政开支</b>为73亿元人民币(11.4亿美元),同比增长56%,主要是由于渠道支出、促销营销、人员相关费用以及与涉及前广告公司的法律诉讼相关的或有损失增加。</blockquote></p><p> <b>Research and development expense</b> was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.</p><p><blockquote><b>研发费用</b>为62亿元人民币(9.57亿美元),同比增长35%,主要与人员相关费用有关。</blockquote></p><p> <b>Operating income</b> was RMB 2.3 billion($358 million).<b>Baidu Core operating income</b> was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.<b>Non-GAAP operating income</b> was RMB 4.7 billion($731 million).<b>Baidu Core non-GAAP operating income</b> was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.</p><p><blockquote><b>营业收入</b>为23亿元人民币(3.58亿美元)。<b>百度核心营业收入</b>为37亿元人民币(5.77亿美元),百度核心营业利润率为15%。<b>非公认会计准则营业收入</b>为47亿元人民币(7.31亿美元)。<b>百度核心非公认会计准则营业收入</b>为人民币58亿元(9.04亿美元),百度核心非公认会计准则营业利润率为24%。</blockquote></p><p> <b>Total other loss, net</b> was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.</p><p><blockquote><b>其他亏损总额,净额</b>为215亿元人民币(33.4亿美元),其中包括189亿元人民币非现金、按市值计价的长期投资损失。该季度公允价值调整可能导致未来净利润进一步波动。</blockquote></p><p> <b>Income tax benefit</b> was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.</p><p><blockquote><b>所得税优惠</b>为18亿元人民币(2.86亿美元),而20年第三季度的所得税费用为16亿元人民币,主要是由于长期投资公允价值损失确认的递延税项收益增加以及之前考虑的某些费用的扣除。不可扣除。</blockquote></p><p> Net loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).<b>Net loss attributable to Baidu Core</b> was RMB 15.6 billion($2.43 billion).<b>Non-GAAP net income attributable to Baidu</b> was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).<b>Non-GAAP net income attributable to Baidu Core</b> was RMB 5.9 billion($909 million).</p><p><blockquote>归属于百度的净亏损为166亿元人民币(25.7亿美元),每股美国存托凭证摊薄亏损为48.18元人民币(7.48美元)。<b>百度核心应佔净亏损</b>为156亿元人民币(24.3亿美元)。<b>归属于百度的非公认会计准则净利润</b>为51亿元人民币(7.9亿美元),非GAAP摊薄每股美国存托凭证收益为14.66元人民币(2.28美元)。<b>归属于百度核心的非公认会计准则净利润</b>为59亿元人民币(9.09亿美元)。</blockquote></p><p> <b>Adjusted EBITDA</b> was RMB 6.0 billion($925 million).<b>Adjusted EBITDA for Baidu Core</b> was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.</p><p><blockquote><b>调整后EBITDA</b>为60亿元人民币(9.25亿美元)。<b>百度核心调整后EBITDA</b>为70亿元人民币(10.9亿美元),百度核心调整后EBITDA利润率为28%。</blockquote></p><p> As ofSeptember 30, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b> were RMB 194.6 billion($30.20 billion), and<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b> were RMB 183.6 billion($28.49 billion).<b>Free cash flow</b> was RMB 691 million($108 million), and <b>free cash flow excluding iQIYI</b>wasRMB 2.9 billion($449 million).</p><p><blockquote>截至2021年9月30日,<b>现金、现金等价物、受限制现金和短期投资</b>为人民币1,946亿元(302亿美元),以及<b>现金、现金等价物、限制性现金和短期投资(不包括爱奇艺)</b>为人民币1,836亿元(284.9亿美元)。<b>自由现金流</b>为6.91亿元人民币(1.08亿美元),以及<b>不包括爱奇艺的自由现金流</b>为29亿元人民币(4.49亿美元)。</blockquote></p><p> <b>Other Highlights</b></p><p><blockquote><b>其他亮点</b></blockquote></p><p> <i>Corporate</i></p><p><blockquote><i>公司的</i></blockquote></p><p> <ul> <li>Q3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.</li> <li>ESG:</li> <li>- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.</li> <li>- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.</li> <li>- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.</li> </ul> <i>AI Cloud</i></p><p><blockquote><ul><li>21年第三季度净亏损包括季度公允价值调整产生的长期投资按市值计价的189亿元人民币非现金损失。</li><li>ESG:</li><li>-百度向赫尔菲南省捐赠9000万元人民币,以应对该省最近发生的自然灾害。</li><li>-小度推出“视觉辅助”,实现视障语音控制和按需读屏,音频体验更流畅。</li><li>-10月,百度成立数据管理委员会,整合现有数据管理委员会、数据隐私保护委员会和数据安全委员会,进一步完善数据管理政策和监管。</li></ul><i>AI云</i></blockquote></p><p></p><p> <ul> <li>Baidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.</li> <li>Lijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.</li> <li>Tongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.</li> <li>Baidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.</li> </ul> <i>Intelligent Driving</i></p><p><blockquote><ul><li>百度发布端到端人工智能云解决方案,由昆仑人工智能芯片和PaddlePaddle深度学习框架提供支持,帮助金融服务公司实现运营流程数字化和自动化,吸引了中国人寿和江苏银行等领先客户。</li><li>丽江是一个拥有800年历史的桥梁和水道的联合国教科文组织遗产,正在使用百度智慧城市云为游客保持城市的安全和清洁。利用旅游区的数字化,百度人工智能解决方案帮助地方当局及时发现和解决违规行为,如非法停车和乱扔垃圾。</li><li>浙江省桐乡市与百度签署协议,为其制造业企业提供百度人工智能解决方案,让百度进一步渗透到工业互联网中。</li><li>百度ACE智慧交通已被24个城市采用,合同金额超过人民币1,000万元,同比增长两倍。</li></ul><i>智能驾驶</i></blockquote></p><p> <ul> <li>Apollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.</li> <li>Rides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.</li> <li>WM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.</li> </ul> <i>Other Growth Initiatives</i></p><p><blockquote><ul><li>Apollo L4累计测试里程超过1000万英里,同比增长189%,并获得了411张自动驾驶许可证,反映了Apollo广泛的地理覆盖和广泛的测试场景。</li><li>阿波罗提供的游乐设施连续翻倍,在上海、北京、广州、长沙和沧州均有提供。</li><li>中国电动汽车原始设备制造商威马汽车与百度签署协议,在其新款W6 SUV中安装Apollo Navigation Pilot(ANP),使与Apollo合作提供自动驾驶和信息娱乐解决方案的品牌总数达到31家。</li></ul><i>其他增长举措</i></blockquote></p><p> <ul> <li>Xiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.</li> <li>InAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.</li> </ul> <i>Mobile Ecosystem</i></p><p><blockquote><ul><li>根据Strategy Analytics、IDC和Canalys的数据,2021年Q2,小度在全球智能显示器出货量和中国智能扬声器出货量中排名第一。</li><li>2021年8月,小度完成B轮融资,估值51亿美元,百度保留超多数股权。</li></ul><i>移动生态系统</i></blockquote></p><p> <ul> <li>In September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.</li> <li>Managed Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.</li> <li>The open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.</li> </ul> <i>iQIYI</i></p><p><blockquote><ul><li>9月份,百度App的月活跃用户数达到6.07亿,同比增长12%,日登录用户数达到79%的历史新高,反映了积极的用户体验。</li><li>通过持续的营销云增强(例如扩展的电子商务功能和工具),托管页面达到了百度核心第三季度在线营销收入的43%。</li><li>百度互联网基础设施的开放性导致顶级智能手机制造商选择百度的智能小程序作为其浏览器搜索的登陆页面。</li></ul><i>爱奇艺</i></blockquote></p><p> <ul> <li>iQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.</li> </ul> <b>Financial Guidance</b></p><p><blockquote><ul><li>2021年9月,爱奇艺订阅用户达到1.04亿,为提供创新、自主开发的大片奠定了坚实的基础。</li></ul><b>财务指引</b></blockquote></p><p> For the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.</p><p><blockquote>百度预计2021年第四季度收入将在310亿元人民币(48.1亿美元)至340亿元人民币(52.7亿美元)之间,同比增长率为2%至12%,假设百度核心收入将同比增长5%至16%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154755901","content_text":"China's Baidu Inc on Wednesday reported quarterly revenue above Wall Street estimates, helped by stronger advertising sales and demand for its artificial intelligence and cloud products.Baidu said total revenue was 31.92 billion yuan ($4.95 billion) in the third quarter, slightly above analysts' average estimate of 31.71 billion yuan, according to IBES data from Refinitiv.\nBaidu stock climbed 1.6% in premarket trading.\n\nTotal revenues were RMB 31.9 billion($4.95 billion), increasing 13% year over year.\n\nRevenue from Baidu Core was RMB 24.7 billion($3.83 billion), increasing 15% year over year;online marketing revenue was RMB 19.5 billion($3.02 billion), up 6% year over year, andnon-online marketing revenuewasRMB 5.2 billion($806 million), up 76% year over year, driven by cloud and other AI-powered businesses.\nRevenue from iQIYIwasRMB 7.6 billion($1.18 billion), increasing 6% year over year.\n\nCost of revenues was RMB 16.1 billion($2.50 billion), increasing 26% year over year, primarily due to an increase in traffic acquisition costs, content costs and cost of goods sold related to new AI business.\nSelling, general and administrative expenses were RMB 7.3 billion($1.14 billion), increasing 56% year over year, primarily due to an increase in channel spending, promotional marketing, personnel-related expenses and contingent loss pertaining to legal proceeding involving former advertising agency.\nResearch and development expense was RMB 6.2 billion($957 million), increasing 35% year over year, primarily related to personnel-related expenses.\nOperating income was RMB 2.3 billion($358 million).Baidu Core operating income was RMB 3.7 billion($577 million), and Baidu Core operating margin was 15%.Non-GAAP operating income was RMB 4.7 billion($731 million).Baidu Core non-GAAP operating income was RMB 5.8 billion($904 million), and Baidu Core non-GAAP operating margin was 24%.\nTotal other loss, net was RMB 21.5 billion($3.34 billion), which included aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments. Such quarterly fair-value adjustment may result in further net income volatility in the future.\nIncome tax benefit was RMB 1.8 billion($286 million), compared to an income tax expense ofRMB 1.6 billionfor Q3 '20, primarily due to an increase in deferred tax benefit recognized on fair value loss of long-term investments and deduction on certain expenses that were previously considered non-deductible.\nNet loss attributable to Baidu wasRMB 16.6 billion($2.57 billion), and diluted loss per ADS wasRMB 48.18($7.48).Net loss attributable to Baidu Core was RMB 15.6 billion($2.43 billion).Non-GAAP net income attributable to Baidu was RMB 5.1 billion($790 million), and non-GAAP diluted earnings per ADS wasRMB 14.66($2.28).Non-GAAP net income attributable to Baidu Core was RMB 5.9 billion($909 million).\nAdjusted EBITDA was RMB 6.0 billion($925 million).Adjusted EBITDA for Baidu Core was RMB 7.0 billion($1.09 billion) and adjusted EBITDA margin for Baidu Core was 28%.\nAs ofSeptember 30, 2021,cash, cash equivalents, restricted cash and short-term investments were RMB 194.6 billion($30.20 billion), andcash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB 183.6 billion($28.49 billion).Free cash flow was RMB 691 million($108 million), and free cash flow excluding iQIYIwasRMB 2.9 billion($449 million).\nOther Highlights\nCorporate\n\nQ3 21 net loss includes aRMB 18.9 billionnon-cash, mark-to-market loss in long-term investments arising from quarterly fair-value adjustment.\nESG:\n- Baidu donatedRMB 90 millionto helpHenanprovince cope with its recent natural disaster.\n- Xiaodu launched \"visual assistance\" to enable visually impaired voice control and on-demand screen-text reading for a smoother audio experience.\n- In October, Baidu established a Data Management Committee, to consolidate its existing committees on data management, data privacy & protection and data security, to further improve its policies and oversight around data management.\n\nAI Cloud\n\nBaidu releases end-to-end AI cloud solution, powered by Kunlun AI chip and PaddlePaddle deep learning framework, to help financial services firms digitize and automate their operational processes, enlisting leading customers likeChina Lifeand Bank of Jiangsu.\nLijiang, a UNESCO Heritage Site with 800-year old bridges and waterways, is using Baidu smart-city cloud to keep the city safe and clean for visitors. Leveraging the digitalization of tourist areas, Baidu AI solution helps local authorities timely detect and address infractions, e.g., illegal parking and littering.\nTongxiang,Zhejiang(province) signed with Baidu to enable its manufacturing-based enterprises with Baidu AI solutions, allowing Baidu to further penetrate into industrial Internet.\nBaidu ACE smart transportation has been adopted by 24 cities, tripling year over year, based on contract amount overRMB10 million.\n\nIntelligent Driving\n\nApollo L4 has accumulated over 10 million test miles, up 189% year over year, and has received 411 autonomous driving permits, reflecting Apollo's broad geographic coverage and wide-ranging test scenarios.\nRides provided byApollo Godoubled sequentially, which are available inShanghai, Beijing,Guangzhou,Changshaand Cangzhou.\nWM Motor, a ChineseEV OEM, signed with Baidu to install Apollo Navigation Pilot (ANP) in its new W6 SUV, taking the total makes that have partnered with Apollo for self-driving and infotainment solutions to 31.\n\nOther Growth Initiatives\n\nXiaodu ranks No.1 in smart display shipments globally and smart speaker shipments inChinafor Q2 2021, according to Strategy Analytics, IDC and Canalys.\nInAugust 2021, Xiaodu completed Series B financing at a valuation ofUS$5.1 billionwith Baidu retaining super-majority shareholding.\n\nMobile Ecosystem\n\nIn September, Baidu App's MAUs reached 607 million, up 12% year over year, and daily logged in users reached an all-time high of 79%, reflecting positive user experience.\nManaged Page reached 43% of Baidu Core Q3 online marketing revenue, through continuous marketing-cloud enhancements, such as expanded e-commerce features and tools.\nThe open nature of Baidu's Internet infrastructure is leading to top smartphone makers to select Baidu's smart mini program as the landing page for their browser search.\n\niQIYI\n\niQIYI subscribers reached 104 million inSeptember 2021, creating a strong foundation to provide innovative, self-developed blockbusters.\n\nFinancial Guidance\nFor the fourth quarter of 2021, Baidu expects revenues to be between RMB 31.0 billion($4.81 billion) and RMB 34.0 billion($5.27 billion), representing a growth rate of 2% to 12% year over year, which assumes that Baidu Core revenue will grow between 5% and 16% year over year.","news_type":1,"symbols_score_info":{"BIDU":0.9,"09888":0.9}},"isVote":1,"tweetType":1,"viewCount":2910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":816632035,"gmtCreate":1630494411127,"gmtModify":1631884166754,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"Dumb article of the day, institutions were the ones taking most of the windfall during the GameStop short squeeze.","listText":"Dumb article of the day, institutions were the ones taking most of the windfall during the GameStop short squeeze.","text":"Dumb article of the day, institutions were the ones taking most of the windfall during the GameStop short squeeze.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/816632035","repostId":"1128788292","repostType":4,"isVote":1,"tweetType":1,"viewCount":679,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838804459,"gmtCreate":1629383653271,"gmtModify":1631890454464,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>wake me up when September comes[叹气] ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>wake me up when September comes[叹气] ","text":"$Tiger Brokers(TIGR)$wake me up when September comes[叹气]","images":[{"img":"https://static.tigerbbs.com/09bcfd490213c1433bcdf1742462341d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/838804459","isVote":1,"tweetType":1,"viewCount":820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":170856819,"gmtCreate":1626422493731,"gmtModify":1633926886150,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$TIGR 20210716 17.5 PUT(TIGR)$</a>anxious final 24hrs[丢脸] ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$TIGR 20210716 17.5 PUT(TIGR)$</a>anxious final 24hrs[丢脸] ","text":"$TIGR 20210716 17.5 PUT(TIGR)$anxious final 24hrs[丢脸]","images":[{"img":"https://static.tigerbbs.com/9c52f4e05a7ac95dd8c898bfb49f2d5d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/170856819","isVote":1,"tweetType":1,"viewCount":832,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3548442381649766","authorId":"3548442381649766","name":"海格微","avatar":"https://static.tigerbbs.com/627e959157d81f1d9d698bade03acc1d","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3548442381649766","idStr":"3548442381649766"},"content":"take it easy. won't be a problem. I? short this too.","text":"take it easy. won't be a problem. I? short this too.","html":"take it easy. won't be a problem. I? short this too."}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":117138862,"gmtCreate":1623121254556,"gmtModify":1634036708789,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"All Waiting for inflation report on Thurs.","listText":"All Waiting for inflation report on Thurs.","text":"All Waiting for inflation report on Thurs.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/117138862","repostId":"2141342255","repostType":4,"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833349545,"gmtCreate":1629207846087,"gmtModify":1631890454478,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>hodling, for better or worse.","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>hodling, for better or worse.","text":"$Tiger Brokers(TIGR)$hodling, for better or worse.","images":[{"img":"https://static.tigerbbs.com/b2108913f1f4a2a23a6f7cfeeb156581","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/833349545","isVote":1,"tweetType":1,"viewCount":1084,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":144127776,"gmtCreate":1626272616495,"gmtModify":1633928393942,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>patience is key","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>patience is key","text":"$Tiger Brokers(TIGR)$patience is key","images":[{"img":"https://static.tigerbbs.com/aa02c1333dad916c661352d2d0a3523d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144127776","isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":182626946,"gmtCreate":1623570498285,"gmtModify":1634031530841,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>go go go!![财迷] ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>go go go!![财迷] ","text":"$Tiger Brokers(TIGR)$go go go!![财迷]","images":[{"img":"https://static.tigerbbs.com/ce9f4824207ddeeb1ef4b36194246686","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/182626946","isVote":1,"tweetType":1,"viewCount":1234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":118059895,"gmtCreate":1622709154417,"gmtModify":1634098920340,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>tigr investor, you can do better...stop chasing after a bankrupt theater company 😭","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>tigr investor, you can do better...stop chasing after a bankrupt theater company 😭","text":"$Tiger Brokers(TIGR)$tigr investor, you can do better...stop chasing after a bankrupt theater company 😭","images":[{"img":"https://static.tigerbbs.com/865901ab7f7486be358246a30bb1a459","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/118059895","isVote":1,"tweetType":1,"viewCount":579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":175667292,"gmtCreate":1627029381416,"gmtModify":1631888750320,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/IPA\">$Immunoprecise Antibodies Ltd(IPA)$</a>so Many new friend in this stock thread suddenly, I have been lonely here for quite a while already.","listText":"<a href=\"https://laohu8.com/S/IPA\">$Immunoprecise Antibodies Ltd(IPA)$</a>so Many new friend in this stock thread suddenly, I have been lonely here for quite a while already.","text":"$Immunoprecise Antibodies Ltd(IPA)$so Many new friend in this stock thread suddenly, I have been lonely here for quite a while already.","images":[{"img":"https://static.tigerbbs.com/f2bc395bdfb52e8ce813f1766cb9869b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/175667292","isVote":1,"tweetType":1,"viewCount":656,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":129012475,"gmtCreate":1624343543097,"gmtModify":1631883556701,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$</a>争气点啊","listText":"<a href=\"https://laohu8.com/S/09888\">$BIDU-SW(09888)$</a>争气点啊","text":"$BIDU-SW(09888)$争气点啊","images":[{"img":"https://static.tigerbbs.com/81ba93e904a3c07d355e8d872cfbe126","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/129012475","isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":896423917,"gmtCreate":1628602391039,"gmtModify":1631890454526,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>blast past 21 Tonight?","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>blast past 21 Tonight?","text":"$Tiger Brokers(TIGR)$blast past 21 Tonight?","images":[{"img":"https://static.tigerbbs.com/8cdbd59bea614a32cbe4673d78892325","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/896423917","isVote":1,"tweetType":1,"viewCount":721,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":891787499,"gmtCreate":1628430424011,"gmtModify":1631890454558,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>is Aug 16 time for the breakout?","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>is Aug 16 time for the breakout?","text":"$Tiger Brokers(TIGR)$is Aug 16 time for the breakout?","images":[{"img":"https://static.tigerbbs.com/872d2cb1a3ba6fa296e5b434bc7c1240","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891787499","isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":172603124,"gmtCreate":1626956237268,"gmtModify":1631892961256,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$TIGR 20210820 15.0 PUT(TIGR)$</a>got lucky this round[得意] ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$TIGR 20210820 15.0 PUT(TIGR)$</a>got lucky this round[得意] ","text":"$TIGR 20210820 15.0 PUT(TIGR)$got lucky this round[得意]","images":[{"img":"https://static.tigerbbs.com/835a5b7b3dcd765b9174ff159756522d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/172603124","isVote":1,"tweetType":1,"viewCount":849,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":151069724,"gmtCreate":1625058293668,"gmtModify":1633945373626,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)</a>the sky the limit!!","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)</a>the sky the limit!!","text":"$Tiger Brokers(TIGR)the sky the limit!!","images":[{"img":"https://static.tigerbbs.com/951c70a8785e5ee02c33692232735fc4","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/151069724","isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":110573588,"gmtCreate":1622473658844,"gmtModify":1634101222505,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>to the Moon 🌘!!","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>to the Moon 🌘!!","text":"$Tiger Brokers(TIGR)$to the Moon 🌘!!","images":[{"img":"https://static.tigerbbs.com/5b5261d979238516ffe3b67bf4239085","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/110573588","isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}