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Vanillin

Vanillin

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2021-07-18

Netflix content is way better than Disney+. I had Disney+ for 3 months and got bored watching it. NetFlix’s content is a lot more diverse and caters for a wider audience. Big plus for me, they have excellent Korean dramas. The secret sauce will be its foray into gaming on-demand. Looking forward to it.

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2021-12-02

US investors are not familiar with Asian businesses like Grab, Korean Coupang suffered the same fate.

Grab shares changed from up to down on its first day of trading<blockquote>Grab股价首日交易由涨转跌</blockquote>

2021-12-02

Investors looking forward to cash out

Grab debuts on Nasdaq, marking biggest Southeast Asia listing<blockquote>Grab在纳斯达克首次亮相，成为东南亚最大的上市公司</blockquote>

2021-09-02

I hope he gets to keep his job.. and we will have some good bargains

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2021-10-14

Good selection as a portfolio.

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2021-08-31

Apple services should play important role in AAPL future. I still haven’t able to see how it can effectively take on the likes of Spotify and Netflix. This is a case of a elephant in the room.

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2021-12-16

We’re not out of the woods but hope to see a small Xmas 🎅🏻 rally

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2021-11-22

I still think Paypal is a good long term hold.

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2021-11-01

Baba moving higher lows, higher high

Chinese e-commerce stocks rose sharply on Monday<blockquote>中国电商股周一大幅上涨</blockquote>

2021-10-21

beyond EV, services like car insurance would be an important revenue stream.

Tesla beats Q3 revenue estimates but supply-chain problems impacting factories<blockquote>特斯拉第三季度收入超出预期，但供应链问题影响工厂</blockquote>

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trading<blockquote>Grab股价首日交易由涨转跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189056654","media":"Tiger Newspress","summary":"Singapore ride-hailing firm Grab shares changed from up to down on its first day of trading.Grab had","content":"<p>Singapore ride-hailing firm&nbsp;Grab shares changed from up to down on its first day of trading.Grab had previously risen more than 18%.</p><p><blockquote>新加坡网约车公司Grab股价在首日交易中由涨转跌。Grab此前涨超18%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/26b2390eadbdda9e5198852be72c65d5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm,lists&nbsp;on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGC\">Altimeter Growth Corp</a>.</p><p><blockquote><a href=\"https://laohu8.com/S/GRAB\">抓住</a>东南亚最大的网约车和食品配送公司在以400亿美元与特殊目的收购公司(SPAC)合并后于周四在纳斯达克上市<a href=\"https://laohu8.com/S/AGC\">高度计增长公司</a>.</blockquote></p><p> The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.</p><p><blockquote>这笔交易是全球有史以来最大的空白支票公司交易，也是东南亚公司在美国最大的上市交易。</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>Grab shares changed from up to down on its first day of trading<blockquote>Grab股价首日交易由涨转跌</blockquote></title>\n<style 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#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\">\nGrab shares changed from up to down on its first day of trading<blockquote>Grab股价首日交易由涨转跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-02 23:26</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Singapore ride-hailing firm&nbsp;Grab shares changed from up to down on its first day of trading.Grab had previously risen more than 18%.</p><p><blockquote>新加坡网约车公司Grab股价在首日交易中由涨转跌。Grab此前涨超18%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/26b2390eadbdda9e5198852be72c65d5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm,lists&nbsp;on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGC\">Altimeter Growth Corp</a>.</p><p><blockquote><a href=\"https://laohu8.com/S/GRAB\">抓住</a>东南亚最大的网约车和食品配送公司在以400亿美元与特殊目的收购公司(SPAC)合并后于周四在纳斯达克上市<a href=\"https://laohu8.com/S/AGC\">高度计增长公司</a>.</blockquote></p><p> The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.</p><p><blockquote>这笔交易是全球有史以来最大的空白支票公司交易，也是东南亚公司在美国最大的上市交易。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189056654","content_text":"Singapore ride-hailing firm Grab shares changed from up to down on its first day of trading.Grab had previously risen more than 18%.\n\nGrab, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp.\nThe deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.","news_type":1,"symbols_score_info":{"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":2638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603451948,"gmtCreate":1638443912701,"gmtModify":1638443918797,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Investors looking forward to cash out&nbsp;","listText":"Investors looking forward to cash out&nbsp;","text":"Investors looking forward to cash out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/603451948","repostId":"1107545461","repostType":2,"repost":{"id":"1107545461","kind":"news","pubTimestamp":1638422200,"share":"https://www.laohu8.com/m/news/1107545461?lang=zh_CN&edition=full","pubTime":"2021-12-02 13:16","market":"us","language":"en","title":"Grab debuts on Nasdaq, marking biggest Southeast Asia listing<blockquote>Grab在纳斯达克首次亮相，成为东南亚最大的上市公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107545461","media":"Reuters","summary":"$Grab$, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company  $Altimeter Growth Corp$.The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.Founded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" aft","content":"<p><a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm,lists&nbsp;on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGC\">Altimeter Growth Corp</a>.</p><p><blockquote><a href=\"https://laohu8.com/S/GRAB\">抓住</a>东南亚最大的网约车和食品配送公司在以400亿美元与特殊目的收购公司(SPAC)合并后于周四在纳斯达克上市<a href=\"https://laohu8.com/S/AGC\">高度计增长公司</a>.</blockquote></p><p> The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.</p><p><blockquote>这笔交易是全球有史以来最大的空白支票公司交易，也是东南亚公司在美国最大的上市交易。</blockquote></p><p> <b>WHAT IS GRAB?</b></p><p><blockquote><b>什么是GRAB？</b></blockquote></p><p> Founded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" after expanding into food, grocery and parcel delivery and to digital payments, lending and other financial services.</p><p><blockquote>Grab成立于2012年，是东南亚最大的初创公司，去年估值略高于160亿美元。它最初是马来西亚的出租车服务，现在评级本身已经成为一个“超级应用程序”，后来扩展到食品、杂货和包裹递送以及数字支付、贷款和其他金融服务。</blockquote></p><p> Singapore-headquartered Grab operates across 465 cities in eight countries in the region, counting Indonesia as its biggest. Its venture with Singapore Telecommunications Ltd(STEL.SI)was awarded a digital bank license in Singapore last year.</p><p><blockquote>总部位于新加坡的Grab在该地区8个国家的465个城市开展业务，其中印度尼西亚是最大的城市。其与新加坡电信有限公司（STEL.SI）的合资企业去年在新加坡获得了数字银行牌照。</blockquote></p><p> Grab gained the global spotlight in 2018 when it bought the Southeast Asian business of Uber Technologies Inc(UBER.N)in return for the U.S. ride-hailing company taking a stake in Grab.</p><p><blockquote>Grab在2018年收购了Uber Technologies Inc(UBER.N)的东南亚业务，成为全球关注的焦点，以换取美国网约车公司入股Grab。</blockquote></p><p> With some 8,000 employees, Grab has tech centres in Singapore, Beijing, Seattle, Bengaluru and other places.</p><p><blockquote>Grab拥有约8000名员工，在新加坡、北京、西雅图、孟加拉鲁鲁等地设有技术中心。</blockquote></p><p> <b>WHO'S BACKING GRAB? </b></p><p><blockquote><b>世卫组织的后盾？</b></blockquote></p><p> Early investors include Japan's SoftBank, China's Didi Chuxing and venture capital firms Vertex Ventures Holdings and GGV Capital.</p><p><blockquote>早期投资者包括日本软银、中国滴滴出行以及风险投资公司Vertex Ventures Holdings和GGV Capital。</blockquote></p><p> Grab raised about $12 billion ahead of the listing. Investors range from venture and hedge funds to automobile companies and other ride-hailing firms, and include:</p><p><blockquote>Grab在上市前筹集了约120亿美元。投资者范围从风险投资和对冲基金到汽车公司和其他网约车公司，包括：</blockquote></p><p> Uber, Booking Holdings Inc, China Investment Corp, Coatue Management, Hillhouse Capital, Hyundai Motor Co, Invesco Ltd, Microsoft Corp, Ping An Capital Co, Toyota Motor Corp, and Yamaha Motor Co..</p><p><blockquote>优步、Booking Holdings Inc、中国投资公司、Coatue Management、高瓴资本、现代汽车公司、景顺有限公司、微软公司、平安资本公司、丰田汽车公司和雅马哈汽车公司..</blockquote></p><p> In the SPAC deal, about three dozen investors came on board including Temasek Holdings, BlackRock, Fidelity International, Abu Dhabi's Mubadala and Malaysia's Permodalan Nasional Bhd and Altimeter Capital.</p><p><blockquote>在SPAC交易中，大约有三打投资者加入，包括淡马锡控股、贝莱德、富达国际、阿布扎比的穆巴达拉、马来西亚的Permodalan Nasional Bhd和Altimeter Capital。</blockquote></p><p> <b>WHO'S THE COMPETITION? </b></p><p><blockquote><b>世卫组织是竞争对手？</b></blockquote></p><p> GoTo Group, formed by the merger of Indonesian ride-hailing and deliveries firm Gojek and local e-commerce leader Tokopedia is Grab's biggest competitor.</p><p><blockquote>GoTo Group由印度尼西亚叫车和送货公司Gojek和当地电子商务领导者Tokopedia合并而成，是Grab最大的竞争对手。</blockquote></p><p> Singapore-based Sea Ltd, which has e-commerce, gaming and a digital payments business, and is also muscling into food delivery and financial services in Indonesia. Sea has also won a digital bank license in Singapore.</p><p><blockquote>总部位于新加坡的Sea Ltd拥有电子商务、游戏和数字支付业务，还在印度尼西亚大力进军食品配送和金融服务领域。Sea还获得了新加坡的数字银行牌照。</blockquote></p><p> Grab is likely to increasingly start competing with banks as it expands its financial services.</p><p><blockquote>随着Grab扩大其金融服务，它可能会越来越多地开始与银行竞争。</blockquote></p><p> It also competes with such delivery companies as Foodpanda and Deliveroo PLC.</p><p><blockquote>它还与Foodpanda和户户送等快递公司竞争。</blockquote></p><p> <b>WHAT ARE GRAB'S FINANCIALS?</b></p><p><blockquote><b>GRAB的财务状况如何？</b></blockquote></p><p> Grab's third-quarter revenue fell 9% from a year earlier to $157 million. Its adjusted loss before interest, taxes, depreciation and amortization (EBITDA) widened 66% to $212 million. Gross merchandise value hit a quarterly record of $4 billion.</p><p><blockquote>Grab第三季度营收同比下降9%至1.57亿美元。其调整后的息税折旧摊销前亏损(EBITDA)扩大66%至2.12亿美元。商品总值创下40亿美元的季度纪录。</blockquote></p><p> The delivery business has emerged as the biggest segment as more consumers shifted to online food delivery during the pandemic.</p><p><blockquote>随着越来越多的消费者在疫情期间转向在线食品配送，配送业务已成为最大的细分市场。</blockquote></p><p> Grab forecasts it will turn profitable on an EBITDA basis in 2023.</p><p><blockquote>Grab预测其将于2023年在EBITDA基础上实现盈利。</blockquote></p><p> <b>WHO ARE ITS KEY EXECUTIVES?</b></p><p><blockquote><b>世卫组织是其主要高管？</b></blockquote></p><p> Anthony Tan, 39, is the company's CEO and co-founder.</p><p><blockquote>39岁的Anthony Tan是该公司的首席执行官兼联合创始人。</blockquote></p><p> Fellow co-founder Tan Hooi Ling, 38, runs Grab's operations, including corporate strategy and technology.</p><p><blockquote>38岁的联合创始人Tan Hooi Ling负责Grab的运营，包括企业战略和技术。</blockquote></p><p> Both Tans, unrelated, met at Harvard Business School, where they conceived the idea of the ride-hailing company.</p><p><blockquote>这两个没有血缘关系的人在哈佛商学院相遇，在那里他们构思了这家叫车公司的想法。</blockquote></p><p> Grab's president, Ming Maa, is a prominent dealmaker from SoftBank, who joined the company in 2016.</p><p><blockquote>Grab总裁Ming Maa是软银的著名交易撮合者，于2016年加入该公司。</blockquote></p><p> <b>Here are some milestones for the Singapore-headquartered company:</b></p><p><blockquote><b>以下是这家总部位于新加坡的公司的一些里程碑：</b></blockquote></p><p> 2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan</p><p><blockquote>2011年：Anthony Tan和联合创始人Tan Hooi Ling在哈佛商学院创业竞赛计划中创建Grab</blockquote></p><p> 2012: Launches as MyTeksi taxi booking service in Malaysia</p><p><blockquote>2012年：在马来西亚推出MyTeksi出租车预订服务</blockquote></p><p> 2013: Expands to the Philippines, Thailand, Singapore as GrabTaxi</p><p><blockquote>2013年：作为GrabTaxi扩展到菲律宾、泰国、新加坡</blockquote></p><p> April 2014: Announces Series A funding</p><p><blockquote>2014年4月：宣布A轮融资</blockquote></p><p> June 2014: Launches in Indonesia</p><p><blockquote>2014年6月：在印度尼西亚推出</blockquote></p><p> December 2014: Japan's SoftBank&nbsp;invests $250 million in a funding round</p><p><blockquote>2014年12月：日本软银在一轮融资中投资2.5亿美元</blockquote></p><p> August 2015: Becomes a unicorn after $350 million funding round</p><p><blockquote>2015年8月：3.5亿美元融资后成为独角兽</blockquote></p><p> December 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against Uber</p><p><blockquote>2015年12月：宣布与其他与Uber竞争的网约车公司Ola、滴滴和Lyft建立战略合作伙伴关系</blockquote></p><p> January 2016: Rebrands to Grab from GrabTaxi to reflect expanding services</p><p><blockquote>2016年1月：从GrabTaxi更名为Grab，以反映不断扩大的服务</blockquote></p><p> November 2017: Launches GrabPay payments service for third-party transactions</p><p><blockquote>2017年11月：推出GrabPay第三方交易支付服务</blockquote></p><p> March 2018: Announces acquisition of Uber's business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholder</p><p><blockquote>2018年3月：宣布通过全股交易收购Uber东南亚业务，Uber成为战略股东</blockquote></p><p> May 2018: Pilots GrabFood delivery service</p><p><blockquote>2018年5月：试点GrabFood配送服务</blockquote></p><p> July 2018: Unveils \"superapp\" strategy that provides a range of services under one platform</p><p><blockquote>2018年7月：推出“superapp”战略，在一个平台下提供一系列服务</blockquote></p><p> March 2019: Reaches valuation of about $14 billion</p><p><blockquote>2019年3月：估值达到约140亿美元</blockquote></p><p> December 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd</p><p><blockquote>2020年12月：与新加坡电信有限公司合作，在新加坡获得数字全面银行牌照</blockquote></p><p></p><p> April 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp&nbsp;securing a valuation of nearly $40 billion</p><p><blockquote>2021年4月：同意通过与特殊目的收购公司Altimeter Growth Corp合并在纳斯达克上市，估值近400亿美元</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nGrab debuts on Nasdaq, marking biggest Southeast Asia listing<blockquote>Grab在纳斯达克首次亮相，成为东南亚最大的上市公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-02 13:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm,lists&nbsp;on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGC\">Altimeter Growth Corp</a>.</p><p><blockquote><a href=\"https://laohu8.com/S/GRAB\">抓住</a>东南亚最大的网约车和食品配送公司在以400亿美元与特殊目的收购公司(SPAC)合并后于周四在纳斯达克上市<a href=\"https://laohu8.com/S/AGC\">高度计增长公司</a>.</blockquote></p><p> The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.</p><p><blockquote>这笔交易是全球有史以来最大的空白支票公司交易，也是东南亚公司在美国最大的上市交易。</blockquote></p><p> <b>WHAT IS GRAB?</b></p><p><blockquote><b>什么是GRAB？</b></blockquote></p><p> Founded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" after expanding into food, grocery and parcel delivery and to digital payments, lending and other financial services.</p><p><blockquote>Grab成立于2012年，是东南亚最大的初创公司，去年估值略高于160亿美元。它最初是马来西亚的出租车服务，现在评级本身已经成为一个“超级应用程序”，后来扩展到食品、杂货和包裹递送以及数字支付、贷款和其他金融服务。</blockquote></p><p> Singapore-headquartered Grab operates across 465 cities in eight countries in the region, counting Indonesia as its biggest. Its venture with Singapore Telecommunications Ltd(STEL.SI)was awarded a digital bank license in Singapore last year.</p><p><blockquote>总部位于新加坡的Grab在该地区8个国家的465个城市开展业务，其中印度尼西亚是最大的城市。其与新加坡电信有限公司（STEL.SI）的合资企业去年在新加坡获得了数字银行牌照。</blockquote></p><p> Grab gained the global spotlight in 2018 when it bought the Southeast Asian business of Uber Technologies Inc(UBER.N)in return for the U.S. ride-hailing company taking a stake in Grab.</p><p><blockquote>Grab在2018年收购了Uber Technologies Inc(UBER.N)的东南亚业务，成为全球关注的焦点，以换取美国网约车公司入股Grab。</blockquote></p><p> With some 8,000 employees, Grab has tech centres in Singapore, Beijing, Seattle, Bengaluru and other places.</p><p><blockquote>Grab拥有约8000名员工，在新加坡、北京、西雅图、孟加拉鲁鲁等地设有技术中心。</blockquote></p><p> <b>WHO'S BACKING GRAB? </b></p><p><blockquote><b>世卫组织的后盾？</b></blockquote></p><p> Early investors include Japan's SoftBank, China's Didi Chuxing and venture capital firms Vertex Ventures Holdings and GGV Capital.</p><p><blockquote>早期投资者包括日本软银、中国滴滴出行以及风险投资公司Vertex Ventures Holdings和GGV Capital。</blockquote></p><p> Grab raised about $12 billion ahead of the listing. Investors range from venture and hedge funds to automobile companies and other ride-hailing firms, and include:</p><p><blockquote>Grab在上市前筹集了约120亿美元。投资者范围从风险投资和对冲基金到汽车公司和其他网约车公司，包括：</blockquote></p><p> Uber, Booking Holdings Inc, China Investment Corp, Coatue Management, Hillhouse Capital, Hyundai Motor Co, Invesco Ltd, Microsoft Corp, Ping An Capital Co, Toyota Motor Corp, and Yamaha Motor Co..</p><p><blockquote>优步、Booking Holdings Inc、中国投资公司、Coatue Management、高瓴资本、现代汽车公司、景顺有限公司、微软公司、平安资本公司、丰田汽车公司和雅马哈汽车公司..</blockquote></p><p> In the SPAC deal, about three dozen investors came on board including Temasek Holdings, BlackRock, Fidelity International, Abu Dhabi's Mubadala and Malaysia's Permodalan Nasional Bhd and Altimeter Capital.</p><p><blockquote>在SPAC交易中，大约有三打投资者加入，包括淡马锡控股、贝莱德、富达国际、阿布扎比的穆巴达拉、马来西亚的Permodalan Nasional Bhd和Altimeter Capital。</blockquote></p><p> <b>WHO'S THE COMPETITION? </b></p><p><blockquote><b>世卫组织是竞争对手？</b></blockquote></p><p> GoTo Group, formed by the merger of Indonesian ride-hailing and deliveries firm Gojek and local e-commerce leader Tokopedia is Grab's biggest competitor.</p><p><blockquote>GoTo Group由印度尼西亚叫车和送货公司Gojek和当地电子商务领导者Tokopedia合并而成，是Grab最大的竞争对手。</blockquote></p><p> Singapore-based Sea Ltd, which has e-commerce, gaming and a digital payments business, and is also muscling into food delivery and financial services in Indonesia. Sea has also won a digital bank license in Singapore.</p><p><blockquote>总部位于新加坡的Sea Ltd拥有电子商务、游戏和数字支付业务，还在印度尼西亚大力进军食品配送和金融服务领域。Sea还获得了新加坡的数字银行牌照。</blockquote></p><p> Grab is likely to increasingly start competing with banks as it expands its financial services.</p><p><blockquote>随着Grab扩大其金融服务，它可能会越来越多地开始与银行竞争。</blockquote></p><p> It also competes with such delivery companies as Foodpanda and Deliveroo PLC.</p><p><blockquote>它还与Foodpanda和户户送等快递公司竞争。</blockquote></p><p> <b>WHAT ARE GRAB'S FINANCIALS?</b></p><p><blockquote><b>GRAB的财务状况如何？</b></blockquote></p><p> Grab's third-quarter revenue fell 9% from a year earlier to $157 million. Its adjusted loss before interest, taxes, depreciation and amortization (EBITDA) widened 66% to $212 million. Gross merchandise value hit a quarterly record of $4 billion.</p><p><blockquote>Grab第三季度营收同比下降9%至1.57亿美元。其调整后的息税折旧摊销前亏损(EBITDA)扩大66%至2.12亿美元。商品总值创下40亿美元的季度纪录。</blockquote></p><p> The delivery business has emerged as the biggest segment as more consumers shifted to online food delivery during the pandemic.</p><p><blockquote>随着越来越多的消费者在疫情期间转向在线食品配送，配送业务已成为最大的细分市场。</blockquote></p><p> Grab forecasts it will turn profitable on an EBITDA basis in 2023.</p><p><blockquote>Grab预测其将于2023年在EBITDA基础上实现盈利。</blockquote></p><p> <b>WHO ARE ITS KEY EXECUTIVES?</b></p><p><blockquote><b>世卫组织是其主要高管？</b></blockquote></p><p> Anthony Tan, 39, is the company's CEO and co-founder.</p><p><blockquote>39岁的Anthony Tan是该公司的首席执行官兼联合创始人。</blockquote></p><p> Fellow co-founder Tan Hooi Ling, 38, runs Grab's operations, including corporate strategy and technology.</p><p><blockquote>38岁的联合创始人Tan Hooi Ling负责Grab的运营，包括企业战略和技术。</blockquote></p><p> Both Tans, unrelated, met at Harvard Business School, where they conceived the idea of the ride-hailing company.</p><p><blockquote>这两个没有血缘关系的人在哈佛商学院相遇，在那里他们构思了这家叫车公司的想法。</blockquote></p><p> Grab's president, Ming Maa, is a prominent dealmaker from SoftBank, who joined the company in 2016.</p><p><blockquote>Grab总裁Ming Maa是软银的著名交易撮合者，于2016年加入该公司。</blockquote></p><p> <b>Here are some milestones for the Singapore-headquartered company:</b></p><p><blockquote><b>以下是这家总部位于新加坡的公司的一些里程碑：</b></blockquote></p><p> 2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan</p><p><blockquote>2011年：Anthony Tan和联合创始人Tan Hooi Ling在哈佛商学院创业竞赛计划中创建Grab</blockquote></p><p> 2012: Launches as MyTeksi taxi booking service in Malaysia</p><p><blockquote>2012年：在马来西亚推出MyTeksi出租车预订服务</blockquote></p><p> 2013: Expands to the Philippines, Thailand, Singapore as GrabTaxi</p><p><blockquote>2013年：作为GrabTaxi扩展到菲律宾、泰国、新加坡</blockquote></p><p> April 2014: Announces Series A funding</p><p><blockquote>2014年4月：宣布A轮融资</blockquote></p><p> June 2014: Launches in Indonesia</p><p><blockquote>2014年6月：在印度尼西亚推出</blockquote></p><p> December 2014: Japan's SoftBank&nbsp;invests $250 million in a funding round</p><p><blockquote>2014年12月：日本软银在一轮融资中投资2.5亿美元</blockquote></p><p> August 2015: Becomes a unicorn after $350 million funding round</p><p><blockquote>2015年8月：3.5亿美元融资后成为独角兽</blockquote></p><p> December 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against Uber</p><p><blockquote>2015年12月：宣布与其他与Uber竞争的网约车公司Ola、滴滴和Lyft建立战略合作伙伴关系</blockquote></p><p> January 2016: Rebrands to Grab from GrabTaxi to reflect expanding services</p><p><blockquote>2016年1月：从GrabTaxi更名为Grab，以反映不断扩大的服务</blockquote></p><p> November 2017: Launches GrabPay payments service for third-party transactions</p><p><blockquote>2017年11月：推出GrabPay第三方交易支付服务</blockquote></p><p> March 2018: Announces acquisition of Uber's business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholder</p><p><blockquote>2018年3月：宣布通过全股交易收购Uber东南亚业务，Uber成为战略股东</blockquote></p><p> May 2018: Pilots GrabFood delivery service</p><p><blockquote>2018年5月：试点GrabFood配送服务</blockquote></p><p> July 2018: Unveils \"superapp\" strategy that provides a range of services under one platform</p><p><blockquote>2018年7月：推出“superapp”战略，在一个平台下提供一系列服务</blockquote></p><p> March 2019: Reaches valuation of about $14 billion</p><p><blockquote>2019年3月：估值达到约140亿美元</blockquote></p><p> December 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd</p><p><blockquote>2020年12月：与新加坡电信有限公司合作，在新加坡获得数字全面银行牌照</blockquote></p><p></p><p> April 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp&nbsp;securing a valuation of nearly $40 billion</p><p><blockquote>2021年4月：同意通过与特殊目的收购公司Altimeter Growth Corp合并在纳斯达克上市，估值近400亿美元</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/markets/us/grab-debuts-nasdaq-marking-biggest-southeast-asia-listing-2021-12-02/\">Reuters</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":{"GRAB":"Grab Holdings"},"source_url":"https://www.reuters.com/markets/us/grab-debuts-nasdaq-marking-biggest-southeast-asia-listing-2021-12-02/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107545461","content_text":"Grab, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp.\nThe deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.\nWHAT IS GRAB?\nFounded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" after expanding into food, grocery and parcel delivery and to digital payments, lending and other financial services.\nSingapore-headquartered Grab operates across 465 cities in eight countries in the region, counting Indonesia as its biggest. Its venture with Singapore Telecommunications Ltd(STEL.SI)was awarded a digital bank license in Singapore last year.\nGrab gained the global spotlight in 2018 when it bought the Southeast Asian business of Uber Technologies Inc(UBER.N)in return for the U.S. ride-hailing company taking a stake in Grab.\nWith some 8,000 employees, Grab has tech centres in Singapore, Beijing, Seattle, Bengaluru and other places.\nWHO'S BACKING GRAB? \nEarly investors include Japan's SoftBank, China's Didi Chuxing and venture capital firms Vertex Ventures Holdings and GGV Capital.\nGrab raised about $12 billion ahead of the listing. Investors range from venture and hedge funds to automobile companies and other ride-hailing firms, and include:\nUber, Booking Holdings Inc, China Investment Corp, Coatue Management, Hillhouse Capital, Hyundai Motor Co, Invesco Ltd, Microsoft Corp, Ping An Capital Co, Toyota Motor Corp, and Yamaha Motor Co..\nIn the SPAC deal, about three dozen investors came on board including Temasek Holdings, BlackRock, Fidelity International, Abu Dhabi's Mubadala and Malaysia's Permodalan Nasional Bhd and Altimeter Capital.\nWHO'S THE COMPETITION? \nGoTo Group, formed by the merger of Indonesian ride-hailing and deliveries firm Gojek and local e-commerce leader Tokopedia is Grab's biggest competitor.\nSingapore-based Sea Ltd, which has e-commerce, gaming and a digital payments business, and is also muscling into food delivery and financial services in Indonesia. Sea has also won a digital bank license in Singapore.\nGrab is likely to increasingly start competing with banks as it expands its financial services.\nIt also competes with such delivery companies as Foodpanda and Deliveroo PLC.\nWHAT ARE GRAB'S FINANCIALS?\nGrab's third-quarter revenue fell 9% from a year earlier to $157 million. Its adjusted loss before interest, taxes, depreciation and amortization (EBITDA) widened 66% to $212 million. Gross merchandise value hit a quarterly record of $4 billion.\nThe delivery business has emerged as the biggest segment as more consumers shifted to online food delivery during the pandemic.\nGrab forecasts it will turn profitable on an EBITDA basis in 2023.\nWHO ARE ITS KEY EXECUTIVES?\nAnthony Tan, 39, is the company's CEO and co-founder.\nFellow co-founder Tan Hooi Ling, 38, runs Grab's operations, including corporate strategy and technology.\nBoth Tans, unrelated, met at Harvard Business School, where they conceived the idea of the ride-hailing company.\nGrab's president, Ming Maa, is a prominent dealmaker from SoftBank, who joined the company in 2016.\nHere are some milestones for the Singapore-headquartered company:\n2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan\n2012: Launches as MyTeksi taxi booking service in Malaysia\n2013: Expands to the Philippines, Thailand, Singapore as GrabTaxi\nApril 2014: Announces Series A funding\nJune 2014: Launches in Indonesia\nDecember 2014: Japan's SoftBank invests $250 million in a funding round\nAugust 2015: Becomes a unicorn after $350 million funding round\nDecember 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against Uber\nJanuary 2016: Rebrands to Grab from GrabTaxi to reflect expanding services\nNovember 2017: Launches GrabPay payments service for third-party transactions\nMarch 2018: Announces acquisition of Uber's business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholder\nMay 2018: Pilots GrabFood delivery service\nJuly 2018: Unveils \"superapp\" strategy that provides a range of services under one platform\nMarch 2019: Reaches valuation of about $14 billion\nDecember 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd\nApril 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion","news_type":1,"symbols_score_info":{"AGC":0.9,"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":2339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600257589,"gmtCreate":1638163462346,"gmtModify":1638163462425,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"I like SHOP but maybe as a swing trade.&nbsp;","listText":"I like SHOP but maybe as a swing trade.&nbsp;","text":"I like SHOP but maybe as a swing trade.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/600257589","repostId":"1183215653","repostType":2,"repost":{"id":"1183215653","kind":"news","pubTimestamp":1638064282,"share":"https://www.laohu8.com/m/news/1183215653?lang=zh_CN&edition=full","pubTime":"2021-11-28 09:51","market":"us","language":"en","title":"3 Leading Software-as-a-Service Stocks to Buy in 2021 and Beyond<blockquote>2021年及以后值得买入的3只领先软件即服务股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183215653","media":"Motley Fool","summary":"Software-as-a-service (SaaS) stocks can be quite lucrative investments. The business model is subscr","content":"<p>Software-as-a-service (SaaS) stocks can be quite lucrative investments. The business model is subscription-based, which keeps customers paying monthly fees. Because the software often becomes integral to the operations of organizations that use it, customers are likely to stick with the providers they sign with, and expand their business with them over time. Also, software has minimal costs for physical production and distribution, allowing these companies to operate withhigh gross margins.</p><p><blockquote>软件即服务（SaaS）股票可能是相当有利可图的投资。商业模式是基于订阅的，让客户每月支付费用。因为软件通常成为使用它的组织运营的一部分，所以客户可能会坚持与他们签约的提供商合作，并随着时间的推移扩大与他们的业务。此外，软件的物理生产和分销成本最低，使这些公司能够以高毛利率运营。</blockquote></p><p> Three top SaaS stocks that investors should consider today are&nbsp;<a href=\"https://laohu8.com/S/SHOP\"><b>Shopify</b></a>,&nbsp;<a href=\"https://laohu8.com/S/PCOR\"><b>Procore</b></a>, and&nbsp;<a href=\"https://laohu8.com/S/TWLO\"><b>Twilio</b></a>.</p><p><blockquote>投资者今天应该考虑的三只顶级SaaS股票是<a href=\"https://laohu8.com/S/SHOP\"><b>Shopify</b></a>, <a href=\"https://laohu8.com/S/PCOR\"><b>Procore</b></a>，和<a href=\"https://laohu8.com/S/TWLO\"><b>Twilio</b></a>.</blockquote></p><p> <a href=\"https://laohu8.com/S/SHOP\"><b>Shopify</b></a></p><p><blockquote><a href=\"https://laohu8.com/S/SHOP\"><b>Shopify</b></a></blockquote></p><p> This Canadian e-commerce giant provides businesses with an online presence. With options well-priced for businesses of any size, Shopify provides even the humblest start-ups with an affordable way to reach customers across the internet. It also provides marketing and payment processing tools.</p><p><blockquote>这家加拿大电子商务巨头为企业提供在线业务。Shopify为任何规模的企业提供了价格合理的选项，为即使是最不起眼的初创企业也提供了一种通过互联网接触客户的经济实惠的方式。它还提供营销和支付处理工具。</blockquote></p><p> According to eMarketer, Shopify's platform facilitated the second-largest share of U.S. e-commerce sales last year -- behind only&nbsp;<b>Amazon</b>, and ahead of even huge retailers like&nbsp;<b>Walmart</b>&nbsp;or marketplace operators like&nbsp;<b>eBay.</b></p><p><blockquote>根据eMarketer的数据，Shopify的平台去年在美国电子商务销售额中占据了第二大份额，仅次于<b>亚马逊</b>，甚至领先于大型零售商<b>沃尔玛</b>或者市场运营商喜欢<b>易趣。</b></blockquote></p><p> While it's still far behind Amazon in terms of market share, during the third quarter, Shopify grew its revenue by 46% as its gross merchandise volume (GMV) grew by 35% to $41.8 billion. Additionally, it has more than $7.5 billion of cash on its balance sheet -- money it can put to work growing its operations.</p><p><blockquote>虽然在市场份额方面仍远远落后于亚马逊，但在第三季度，Shopify的收入增长了46%，商品总额(GMV)增长了35%，达到418亿美元。此外，该公司的资产负债表上还有超过75亿美元的现金，可以用来发展业务。</blockquote></p><p> Shopify has been a remarkable stock over the last five years, up over 3,500%. Yet, management expects its GMV to increase faster than commerce Q4 commerce in general. It also has long-term goals to create a fulfillment network and develop a business-to-business platform. With ambitious expansion plans and growth ahead, every growth investor should consider owning Shopify.</p><p><blockquote>Shopify在过去五年中一直是一只出色的股票，上涨了3,500%以上。然而，管理层预计其GMV的增长速度将快于商业第四季度的整体商业。它还有创建履行网络和开发企业对企业平台的长期目标。凭借雄心勃勃的扩张计划和未来的增长，每个成长型投资者都应该考虑拥有Shopify。</blockquote></p><p> <a href=\"https://laohu8.com/S/PCOR\"><b>Procore</b></a></p><p><blockquote><a href=\"https://laohu8.com/S/PCOR\"><b>Procore</b></a></blockquote></p><p> Procore's SaaS offering targets the construction industry. It allows owners, contractors, and sub-contractors to connect with each other and gather all the information about a project in a single location.Construction is one of the last industriesto join the SaaS revolution and Procore is leading the way.</p><p><blockquote>Procore的SaaS产品针对建筑行业。它允许业主、承包商和分包商相互联系，并在一个位置收集有关项目的所有信息。建筑业是最后加入SaaS革命的行业之一，Procore正处于领先地位。</blockquote></p><p> Its revenue grew at a solid 30% rate in Q3 to $132 million, and it produced free cash flow of $6.5 million. Unlike many SaaS companies, Procore is not putting its focus on expanding as quickly as possible. Instead, it lets customers find its platform organically. It does this by letting paying customers add non-paying users to a project. After those businesses realize the benefits of managing projects with Procore, they are more likely to join up and become paying customers.</p><p><blockquote>第三季度其收入以30%的速度稳步增长，达到1.32亿美元，并产生了650万美元的自由现金流。与许多SaaS公司不同，Procore并没有将重点放在尽快扩张上。相反，它让客户有机地找到它的平台。它通过让付费客户将非付费用户添加到项目中来实现这一点。在这些企业意识到使用Procore管理项目的好处后，他们更有可能加入并成为付费客户。</blockquote></p><p> Procore is at a much earlier stage of its growth than Shopify; it believes it has captured 2% of its potential customers, and less than half of its current customers subscribe to four or more of its 13 products. Its worldwide expansion is progressing; Procore will begin operating in France and Germany next year, for example.</p><p><blockquote>Procore比Shopify处于更早的增长阶段；它认为自己已经吸引了2%的潜在客户，只有不到一半的现有客户订阅了其13种产品中的4种或更多。其全球扩张正在取得进展；例如，Procore将于明年开始在法国和德国运营。</blockquote></p><p> <b>Autodesk</b>&nbsp;(NASDAQ:ADSK)&nbsp;competes against Procore with its Construction Cloud product. However, Procore expects global construction spending to reach $14 trillion in 2025. As such, the construction management software space has plenty of room for multiple players. If it can channel even 5% of spending through its platform, Procore will be a successful investment.</p><p><blockquote><b>Autodesk</b>（纳斯达克：ADSK）以其建筑云产品与Procore竞争。然而，Procore预计2025年全球建筑支出将达到14万亿美元。因此，施工管理软件领域有足够的空间供多个参与者使用。如果Procore能够通过其平台引导哪怕5%的支出，那么Procore将是一项成功的投资。</blockquote></p><p> With a large growth runway ahead, Procore is a great SaaS stock for the future.</p><p><blockquote>Procore未来有很大的增长空间，是SaaS未来的一只优秀股票。</blockquote></p><p> <a href=\"https://laohu8.com/S/TWLO\"><b>Twilio</b></a></p><p><blockquote><a href=\"https://laohu8.com/S/TWLO\"><b>Twilio</b></a></blockquote></p><p> If you've ever communicated with a business through text messages, chances are Twilio assisted with that. It provides application programming interfaces (APIs) so businesses can build communication tools without needing their own software engineers. It features a usage-based pricing model that generates more revenue for Twilio as its customers grow.</p><p><blockquote>如果你曾经通过短信与企业沟通，Twilio很可能会在这方面提供帮助。它提供应用程序编程接口（API），因此企业可以构建通信工具，而不需要自己的软件工程师。它采用基于使用情况的定价模式，随着客户的增长，可以为Twilio创造更多收入。</blockquote></p><p> Twilio is growing the fastest of these three companies, with Q3 revenue up 65% year over year. It also has an impressive revenue net expansion rate of 131%, meaning existing customers spent 31% more in the quarter than in the prior-year period. And while some of Twilio's growth did come via acquiring companies, its organic growth rate sits at a still-impressive 38%. Concentration risk is being reduced as only 11% of total revenue is attributed to its top 10 accounts down from 14% during Q3 last year.</p><p><blockquote>Twilio是这三家公司中增长最快的，第三季度收入同比增长65%。它还拥有令人印象深刻的131%的收入净增长率，这意味着现有客户本季度的支出比去年同期增加了31%。虽然Twilio的部分增长确实来自收购公司，但其有机增长率仍然高达38%，令人印象深刻。集中度风险正在降低，其前10大客户仅占总收入的11%，低于去年第三季度的14%。</blockquote></p><p> Businesses' desire and need to communicate with customers will only increase, and Twilio is making that easier for them. Management is committed to achieving organic growth of 30% or more annually over the next three years, which would increase its revenue to more than $5.5 billion using Q3 trailing-twelve-month revenue.</p><p><blockquote>企业与客户沟通的愿望和需求只会增加，而Twilio正在让他们更容易做到这一点。管理层致力于在未来三年内实现每年30%或更高的有机增长，这将使其收入根据第三季度过去12个月的收入增加到55亿美元以上。</blockquote></p><p></p><p> Twilio shows no signs of slowing down and investors should take note.</p><p><blockquote>Twilio没有显示出放缓的迹象，投资者应该注意。</blockquote></p><p> With all three of these stocks, valuation is a concern. While Twilio and Procore stock's price-to-sales ratio has recently come down, Shopify's has remained fairly steady. Shopify is also valued higher than the other two because the market believes its e-commerce opportunity is massive. Even at these levels, valuation still represents a potential investment risk. However, each deserves a high multiple because of strong execution and future expectations. Should one of the companies begin failing, the valuation will fall to reflect forward sentiment. Exciting growth prospects often come with valuation risks, and it's up to the companies to fulfill their long-term promise.</p><p><blockquote>对于这三只股票来说，估值都是一个问题。虽然Twilio和Procore股票的市销率最近有所下降，但Shopify的市销率仍然相当稳定。Shopify的估值也高于其他两家，因为市场认为其电子商务机会巨大。即使在这些水平上，估值仍然代表着潜在的投资风险。然而，由于强大的执行力和未来预期，每个公司都值得获得高倍数。如果其中一家公司开始倒闭，估值将会下降以反映前瞻性情绪。令人兴奋的增长前景往往伴随着估值风险，这取决于公司兑现其长期承诺。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e6bb9a9a2f064d66040f79ad93086bb1\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As the world becomes more connected, SaaS offerings provide businesses with powerful tools they can use to increase their effectiveness and productivity. Wise investors should consider purchasing all three of these stocks but must beware of the risks. Holding onto these stocks looks like a great way to beat the market over the long term.</p><p><blockquote>随着世界变得更加互联，SaaS产品为企业提供了强大的工具，他们可以使用这些工具来提高效率和生产力。明智的投资者应该考虑购买所有这三只股票，但必须小心风险。从长远来看，持有这些股票似乎是战胜市场的好方法。</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>3 Leading Software-as-a-Service Stocks to Buy in 2021 and Beyond<blockquote>2021年及以后值得买入的3只领先软件即服务股票</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\">\n3 Leading Software-as-a-Service Stocks to Buy in 2021 and Beyond<blockquote>2021年及以后值得买入的3只领先软件即服务股票</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\">2021-11-28 09:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Software-as-a-service (SaaS) stocks can be quite lucrative investments. The business model is subscription-based, which keeps customers paying monthly fees. Because the software often becomes integral to the operations of organizations that use it, customers are likely to stick with the providers they sign with, and expand their business with them over time. Also, software has minimal costs for physical production and distribution, allowing these companies to operate withhigh gross margins.</p><p><blockquote>软件即服务（SaaS）股票可能是相当有利可图的投资。商业模式是基于订阅的，让客户每月支付费用。因为软件通常成为使用它的组织运营的一部分，所以客户可能会坚持与他们签约的提供商合作，并随着时间的推移扩大与他们的业务。此外，软件的物理生产和分销成本最低，使这些公司能够以高毛利率运营。</blockquote></p><p> Three top SaaS stocks that investors should consider today are&nbsp;<a href=\"https://laohu8.com/S/SHOP\"><b>Shopify</b></a>,&nbsp;<a href=\"https://laohu8.com/S/PCOR\"><b>Procore</b></a>, and&nbsp;<a href=\"https://laohu8.com/S/TWLO\"><b>Twilio</b></a>.</p><p><blockquote>投资者今天应该考虑的三只顶级SaaS股票是<a href=\"https://laohu8.com/S/SHOP\"><b>Shopify</b></a>, <a href=\"https://laohu8.com/S/PCOR\"><b>Procore</b></a>，和<a href=\"https://laohu8.com/S/TWLO\"><b>Twilio</b></a>.</blockquote></p><p> <a href=\"https://laohu8.com/S/SHOP\"><b>Shopify</b></a></p><p><blockquote><a href=\"https://laohu8.com/S/SHOP\"><b>Shopify</b></a></blockquote></p><p> This Canadian e-commerce giant provides businesses with an online presence. With options well-priced for businesses of any size, Shopify provides even the humblest start-ups with an affordable way to reach customers across the internet. It also provides marketing and payment processing tools.</p><p><blockquote>这家加拿大电子商务巨头为企业提供在线业务。Shopify为任何规模的企业提供了价格合理的选项，为即使是最不起眼的初创企业也提供了一种通过互联网接触客户的经济实惠的方式。它还提供营销和支付处理工具。</blockquote></p><p> According to eMarketer, Shopify's platform facilitated the second-largest share of U.S. e-commerce sales last year -- behind only&nbsp;<b>Amazon</b>, and ahead of even huge retailers like&nbsp;<b>Walmart</b>&nbsp;or marketplace operators like&nbsp;<b>eBay.</b></p><p><blockquote>根据eMarketer的数据，Shopify的平台去年在美国电子商务销售额中占据了第二大份额，仅次于<b>亚马逊</b>，甚至领先于大型零售商<b>沃尔玛</b>或者市场运营商喜欢<b>易趣。</b></blockquote></p><p> While it's still far behind Amazon in terms of market share, during the third quarter, Shopify grew its revenue by 46% as its gross merchandise volume (GMV) grew by 35% to $41.8 billion. Additionally, it has more than $7.5 billion of cash on its balance sheet -- money it can put to work growing its operations.</p><p><blockquote>虽然在市场份额方面仍远远落后于亚马逊，但在第三季度，Shopify的收入增长了46%，商品总额(GMV)增长了35%，达到418亿美元。此外，该公司的资产负债表上还有超过75亿美元的现金，可以用来发展业务。</blockquote></p><p> Shopify has been a remarkable stock over the last five years, up over 3,500%. Yet, management expects its GMV to increase faster than commerce Q4 commerce in general. It also has long-term goals to create a fulfillment network and develop a business-to-business platform. With ambitious expansion plans and growth ahead, every growth investor should consider owning Shopify.</p><p><blockquote>Shopify在过去五年中一直是一只出色的股票，上涨了3,500%以上。然而，管理层预计其GMV的增长速度将快于商业第四季度的整体商业。它还有创建履行网络和开发企业对企业平台的长期目标。凭借雄心勃勃的扩张计划和未来的增长，每个成长型投资者都应该考虑拥有Shopify。</blockquote></p><p> <a href=\"https://laohu8.com/S/PCOR\"><b>Procore</b></a></p><p><blockquote><a href=\"https://laohu8.com/S/PCOR\"><b>Procore</b></a></blockquote></p><p> Procore's SaaS offering targets the construction industry. It allows owners, contractors, and sub-contractors to connect with each other and gather all the information about a project in a single location.Construction is one of the last industriesto join the SaaS revolution and Procore is leading the way.</p><p><blockquote>Procore的SaaS产品针对建筑行业。它允许业主、承包商和分包商相互联系，并在一个位置收集有关项目的所有信息。建筑业是最后加入SaaS革命的行业之一，Procore正处于领先地位。</blockquote></p><p> Its revenue grew at a solid 30% rate in Q3 to $132 million, and it produced free cash flow of $6.5 million. Unlike many SaaS companies, Procore is not putting its focus on expanding as quickly as possible. Instead, it lets customers find its platform organically. It does this by letting paying customers add non-paying users to a project. After those businesses realize the benefits of managing projects with Procore, they are more likely to join up and become paying customers.</p><p><blockquote>第三季度其收入以30%的速度稳步增长，达到1.32亿美元，并产生了650万美元的自由现金流。与许多SaaS公司不同，Procore并没有将重点放在尽快扩张上。相反，它让客户有机地找到它的平台。它通过让付费客户将非付费用户添加到项目中来实现这一点。在这些企业意识到使用Procore管理项目的好处后，他们更有可能加入并成为付费客户。</blockquote></p><p> Procore is at a much earlier stage of its growth than Shopify; it believes it has captured 2% of its potential customers, and less than half of its current customers subscribe to four or more of its 13 products. Its worldwide expansion is progressing; Procore will begin operating in France and Germany next year, for example.</p><p><blockquote>Procore比Shopify处于更早的增长阶段；它认为自己已经吸引了2%的潜在客户，只有不到一半的现有客户订阅了其13种产品中的4种或更多。其全球扩张正在取得进展；例如，Procore将于明年开始在法国和德国运营。</blockquote></p><p> <b>Autodesk</b>&nbsp;(NASDAQ:ADSK)&nbsp;competes against Procore with its Construction Cloud product. However, Procore expects global construction spending to reach $14 trillion in 2025. As such, the construction management software space has plenty of room for multiple players. If it can channel even 5% of spending through its platform, Procore will be a successful investment.</p><p><blockquote><b>Autodesk</b>（纳斯达克：ADSK）以其建筑云产品与Procore竞争。然而，Procore预计2025年全球建筑支出将达到14万亿美元。因此，施工管理软件领域有足够的空间供多个参与者使用。如果Procore能够通过其平台引导哪怕5%的支出，那么Procore将是一项成功的投资。</blockquote></p><p> With a large growth runway ahead, Procore is a great SaaS stock for the future.</p><p><blockquote>Procore未来有很大的增长空间，是SaaS未来的一只优秀股票。</blockquote></p><p> <a href=\"https://laohu8.com/S/TWLO\"><b>Twilio</b></a></p><p><blockquote><a href=\"https://laohu8.com/S/TWLO\"><b>Twilio</b></a></blockquote></p><p> If you've ever communicated with a business through text messages, chances are Twilio assisted with that. It provides application programming interfaces (APIs) so businesses can build communication tools without needing their own software engineers. It features a usage-based pricing model that generates more revenue for Twilio as its customers grow.</p><p><blockquote>如果你曾经通过短信与企业沟通，Twilio很可能会在这方面提供帮助。它提供应用程序编程接口（API），因此企业可以构建通信工具，而不需要自己的软件工程师。它采用基于使用情况的定价模式，随着客户的增长，可以为Twilio创造更多收入。</blockquote></p><p> Twilio is growing the fastest of these three companies, with Q3 revenue up 65% year over year. It also has an impressive revenue net expansion rate of 131%, meaning existing customers spent 31% more in the quarter than in the prior-year period. And while some of Twilio's growth did come via acquiring companies, its organic growth rate sits at a still-impressive 38%. Concentration risk is being reduced as only 11% of total revenue is attributed to its top 10 accounts down from 14% during Q3 last year.</p><p><blockquote>Twilio是这三家公司中增长最快的，第三季度收入同比增长65%。它还拥有令人印象深刻的131%的收入净增长率，这意味着现有客户本季度的支出比去年同期增加了31%。虽然Twilio的部分增长确实来自收购公司，但其有机增长率仍然高达38%，令人印象深刻。集中度风险正在降低，其前10大客户仅占总收入的11%，低于去年第三季度的14%。</blockquote></p><p> Businesses' desire and need to communicate with customers will only increase, and Twilio is making that easier for them. Management is committed to achieving organic growth of 30% or more annually over the next three years, which would increase its revenue to more than $5.5 billion using Q3 trailing-twelve-month revenue.</p><p><blockquote>企业与客户沟通的愿望和需求只会增加，而Twilio正在让他们更容易做到这一点。管理层致力于在未来三年内实现每年30%或更高的有机增长，这将使其收入根据第三季度过去12个月的收入增加到55亿美元以上。</blockquote></p><p></p><p> Twilio shows no signs of slowing down and investors should take note.</p><p><blockquote>Twilio没有显示出放缓的迹象，投资者应该注意。</blockquote></p><p> With all three of these stocks, valuation is a concern. While Twilio and Procore stock's price-to-sales ratio has recently come down, Shopify's has remained fairly steady. Shopify is also valued higher than the other two because the market believes its e-commerce opportunity is massive. Even at these levels, valuation still represents a potential investment risk. However, each deserves a high multiple because of strong execution and future expectations. Should one of the companies begin failing, the valuation will fall to reflect forward sentiment. Exciting growth prospects often come with valuation risks, and it's up to the companies to fulfill their long-term promise.</p><p><blockquote>对于这三只股票来说，估值都是一个问题。虽然Twilio和Procore股票的市销率最近有所下降，但Shopify的市销率仍然相当稳定。Shopify的估值也高于其他两家，因为市场认为其电子商务机会巨大。即使在这些水平上，估值仍然代表着潜在的投资风险。然而，由于强大的执行力和未来预期，每个公司都值得获得高倍数。如果其中一家公司开始倒闭，估值将会下降以反映前瞻性情绪。令人兴奋的增长前景往往伴随着估值风险，这取决于公司兑现其长期承诺。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e6bb9a9a2f064d66040f79ad93086bb1\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As the world becomes more connected, SaaS offerings provide businesses with powerful tools they can use to increase their effectiveness and productivity. Wise investors should consider purchasing all three of these stocks but must beware of the risks. Holding onto these stocks looks like a great way to beat the market over the long term.</p><p><blockquote>随着世界变得更加互联，SaaS产品为企业提供了强大的工具，他们可以使用这些工具来提高效率和生产力。明智的投资者应该考虑购买所有这三只股票，但必须小心风险。从长远来看，持有这些股票似乎是战胜市场的好方法。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/11/27/3-leading-saas-stocks-to-buy-in-2021-and-beyond/\">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":{"TWLO":"Twilio Inc","PCOR":"Procore Technologies","SHOP":"Shopify Inc"},"source_url":"https://www.fool.com/investing/2021/11/27/3-leading-saas-stocks-to-buy-in-2021-and-beyond/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183215653","content_text":"Software-as-a-service (SaaS) stocks can be quite lucrative investments. The business model is subscription-based, which keeps customers paying monthly fees. Because the software often becomes integral to the operations of organizations that use it, customers are likely to stick with the providers they sign with, and expand their business with them over time. Also, software has minimal costs for physical production and distribution, allowing these companies to operate withhigh gross margins.\nThree top SaaS stocks that investors should consider today are Shopify, Procore, and Twilio.\nShopify\nThis Canadian e-commerce giant provides businesses with an online presence. With options well-priced for businesses of any size, Shopify provides even the humblest start-ups with an affordable way to reach customers across the internet. It also provides marketing and payment processing tools.\nAccording to eMarketer, Shopify's platform facilitated the second-largest share of U.S. e-commerce sales last year -- behind only Amazon, and ahead of even huge retailers like Walmart or marketplace operators like eBay.\nWhile it's still far behind Amazon in terms of market share, during the third quarter, Shopify grew its revenue by 46% as its gross merchandise volume (GMV) grew by 35% to $41.8 billion. Additionally, it has more than $7.5 billion of cash on its balance sheet -- money it can put to work growing its operations.\nShopify has been a remarkable stock over the last five years, up over 3,500%. Yet, management expects its GMV to increase faster than commerce Q4 commerce in general. It also has long-term goals to create a fulfillment network and develop a business-to-business platform. With ambitious expansion plans and growth ahead, every growth investor should consider owning Shopify.\nProcore\nProcore's SaaS offering targets the construction industry. It allows owners, contractors, and sub-contractors to connect with each other and gather all the information about a project in a single location.Construction is one of the last industriesto join the SaaS revolution and Procore is leading the way.\nIts revenue grew at a solid 30% rate in Q3 to $132 million, and it produced free cash flow of $6.5 million. Unlike many SaaS companies, Procore is not putting its focus on expanding as quickly as possible. Instead, it lets customers find its platform organically. It does this by letting paying customers add non-paying users to a project. After those businesses realize the benefits of managing projects with Procore, they are more likely to join up and become paying customers.\nProcore is at a much earlier stage of its growth than Shopify; it believes it has captured 2% of its potential customers, and less than half of its current customers subscribe to four or more of its 13 products. Its worldwide expansion is progressing; Procore will begin operating in France and Germany next year, for example.\nAutodesk (NASDAQ:ADSK) competes against Procore with its Construction Cloud product. However, Procore expects global construction spending to reach $14 trillion in 2025. As such, the construction management software space has plenty of room for multiple players. If it can channel even 5% of spending through its platform, Procore will be a successful investment.\nWith a large growth runway ahead, Procore is a great SaaS stock for the future.\nTwilio\nIf you've ever communicated with a business through text messages, chances are Twilio assisted with that. It provides application programming interfaces (APIs) so businesses can build communication tools without needing their own software engineers. It features a usage-based pricing model that generates more revenue for Twilio as its customers grow.\nTwilio is growing the fastest of these three companies, with Q3 revenue up 65% year over year. It also has an impressive revenue net expansion rate of 131%, meaning existing customers spent 31% more in the quarter than in the prior-year period. And while some of Twilio's growth did come via acquiring companies, its organic growth rate sits at a still-impressive 38%. Concentration risk is being reduced as only 11% of total revenue is attributed to its top 10 accounts down from 14% during Q3 last year.\nBusinesses' desire and need to communicate with customers will only increase, and Twilio is making that easier for them. Management is committed to achieving organic growth of 30% or more annually over the next three years, which would increase its revenue to more than $5.5 billion using Q3 trailing-twelve-month revenue.\nTwilio shows no signs of slowing down and investors should take note.\nWith all three of these stocks, valuation is a concern. While Twilio and Procore stock's price-to-sales ratio has recently come down, Shopify's has remained fairly steady. Shopify is also valued higher than the other two because the market believes its e-commerce opportunity is massive. Even at these levels, valuation still represents a potential investment risk. However, each deserves a high multiple because of strong execution and future expectations. Should one of the companies begin failing, the valuation will fall to reflect forward sentiment. Exciting growth prospects often come with valuation risks, and it's up to the companies to fulfill their long-term promise.\n\nAs the world becomes more connected, SaaS offerings provide businesses with powerful tools they can use to increase their effectiveness and productivity. Wise investors should consider purchasing all three of these stocks but must beware of the risks. Holding onto these stocks looks like a great way to beat the market over the long term.","news_type":1,"symbols_score_info":{"TWLO":0.9,"SHOP":0.9,"PCOR":0.9}},"isVote":1,"tweetType":1,"viewCount":2868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875929087,"gmtCreate":1637595250667,"gmtModify":1637595250745,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"I still think Paypal is a good long term hold.","listText":"I still think Paypal is a good long term hold.","text":"I still think Paypal is a good long term hold.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875929087","repostId":"1158506816","repostType":2,"repost":{"id":"1158506816","kind":"news","pubTimestamp":1637550842,"share":"https://www.laohu8.com/m/news/1158506816?lang=zh_CN&edition=full","pubTime":"2021-11-22 11:14","market":"us","language":"en","title":"PayPal: Time To Go All In<blockquote>PayPal：是时候全力以赴了</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158506816","media":"Seeking Alpha","summary":"Summary\n\nPayPal has fallen over 30% since its ATH due to poor guidance and increased competition con","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>PayPal has fallen over 30% since its ATH due to poor guidance and increased competition concerns.</li>  <li>I argue that PayPal is still on track to achieve its long-term goals, and competition, albeit fierce, is manageable.</li>  <li>The potential of Venmo and PayPal's future acquisition are what keep me coming back for more.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/71b7d55858c35eda92a04deae062ef8b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>South_agency/E+ via Getty Images</span></p><p><blockquote><ul><li>由于指导不力和竞争担忧加剧，PayPal自ATH以来股价已下跌超过30%。</li><li>我认为PayPal仍在实现其长期目标的轨道上，竞争尽管激烈，但是可控的。</li><li>Venmo和PayPal未来收购的潜力让我不断回来购买更多。</li></ul><p class=\"t-img-caption\"><span>South_agency/E+来自Getty Images</span></p></blockquote></p><p> <b>Thesis Summary</b></p><p><blockquote><b>论文摘要</b></blockquote></p><p> Seven months ago, we analyzedPayPal Holdings Inc. (PYPL) and concluded that our target price of $425 for 2025 made the $266 purchase give a compound return of 10.5% per year. At the time, we were forecasting revenue, earnings, and PE ratios to calculate the target price.</p><p><blockquote>七个月前，我们分析了PayPal Holdings Inc.(PYPL)，得出的结论是，我们2025年425美元的目标价使得266美元的收购每年复合回报率为10.5%。当时，我们正在预测收入、盈利和市盈率来计算目标价。</blockquote></p><p> Although our forecasted PE ratio based on its relation to Earnings suggested the price was a little high for that point in time, it seemed that the market was granting the company a higher valuation given its remarkably consistent track record.</p><p><blockquote>尽管我们根据其与收益的关系预测市盈率表明当时的价格有点高，但鉴于该公司非常一致的业绩记录，市场似乎给予了该公司更高的估值。</blockquote></p><p> It took very little smoothing to set historical revenue growth at a consistent 17.9% per year, and as for the earnings margin, net income was very close to 13.55% of revenue almost every year. The only two exceptions were one negative, in 2014, and one positive, in 2020, where the margin was 19.6%.</p><p><blockquote>几乎不需要任何平滑就将历史收入增长率设定在每年17.9%，至于利润率，净利润几乎每年都非常接近收入的13.55%。仅有的两个例外是2014年的负利率和2020年的正利率，利润率为19.6%。</blockquote></p><p> As the year 2021 has progressed,PayPal has dropped significantly, all the way down to $200. At this price, the $425 target for 2025 would give you a compound annual return of 20.1%. I can think of three possible explanations for this collapse:</p><p><blockquote>随着2021年的进展，PayPal大幅下跌，一路跌至200美元。按照这个价格，2025年425美元的目标将为您带来20.1%的复合年回报率。对于这种崩溃，我可以想到三种可能的解释：</blockquote></p><p> a) The price was ahead of its time, and 2020 over performance got investors thinking growth had accelerated and that the price would go higher than we were forecasting. Ultimately, an investment relying on growth that has not yet materialized requires higher returns, and if the company is growing 18%, the investor wants to make at least 18% on their investment.</p><p><blockquote>a)价格领先于时代，2020年的表现让投资者认为增长已经加速，价格将高于我们的预期。最终，依赖尚未实现的增长的投资需要更高的回报，如果公司增长18%，投资者希望从投资中获得至少18%的回报。</blockquote></p><p> b) There is a perceived risk of earnings growth slowing down significantly based on the company's performance after looking at financial reports from the first three quarters of 2021.</p><p><blockquote>b)在查看2021年前三季度的财务报告后，根据公司的业绩，认为盈利增长存在大幅放缓的风险。</blockquote></p><p> c) There is a perceived risk of growth slowing down significantly due to factors outside of the company's financial performance, based on a qualitative analysis of the company and its addressable market.</p><p><blockquote>c)根据对公司及其目标市场的定性分析，由于公司财务业绩以外的因素，存在增长显着放缓的风险。</blockquote></p><p> If the correct answer is A, this is a great investment. If the logic feels compelling enough you should buy now and enjoy your 20% return over the years. I am going to focus on the other two scenarios, where we need to think about whether the business itself is actually in trouble.</p><p><blockquote>如果正确答案是A，这是一项伟大的投资。如果逻辑足够令人信服，您应该现在购买并享受多年来20%的回报。我将重点讨论另外两种情况，在这两种情况下，我们需要考虑企业本身是否真的陷入了困境。</blockquote></p><p> <b>2021 Financial Performance</b></p><p><blockquote><b>二零二一年财务表现</b></blockquote></p><p> Our previous analysis onPayPal was based on revenue and net income, as per GAAP figures up to 2020. Here I am going to look at the results of the first three quarters of 2021 to see if the results are disappointing.</p><p><blockquote>我们之前对PayPal的分析是基于截至2020年的GAAP数据的收入和净利润。这里我要看看2021年前三季度的业绩，看看业绩是否令人失望。</blockquote></p><p> First off, we have revenue growth. Indeed, quarter on quarter it doesn't look great, but this is not uncommon inPayPal's history of seasonality. If you look at the chart below, you can see that revenue grows the most in the fourth quarter, always drops in the first (QoQ), and has mixed results from the first to the third. Also, to continue on the 17.9% growth trend, revenue in the fourth quarter would only have to be %6.65 billion less than 8% higher than in the third quarter.</p><p><blockquote>首先，我们有收入增长。事实上，环比来看，情况并不乐观，但这在PayPal的季节性历史中并不罕见。如果你看下图，你可以看到第四季度收入增长最多，第一季度（环比）总是下降，并且从第一季度到第三季度的结果好坏参半。此外，要继续保持17.9%的增长趋势，第四季度的收入只需达到66.5亿美元，比第三季度增长不到8%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fba8cbaa13348012cc020a72a4ecd1c\" tg-width=\"283\" tg-height=\"170\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on financial reports. Items in $millions.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者基于财务报告的工作。百万美元的项目。</span></p></blockquote></p><p> It appears that all is good with revenue growth so far and 2021 looks to deliver once again on the near 20% revenue growth figure. Let's take a look at earnings. So far in the first 3 quarters of 2021, earnings have been, just as in 2020, much higher than the previous trend of 13.5% of revenue. So far, earnings are between 17.5 and 19% of revenue, with an average of 18.3%. It is true that this was 19.6% in 2020, but it also means that we can no longer reasonably consider 2020 an anomaly in that respect.</p><p><blockquote>到目前为止，收入增长似乎一切顺利，2021年有望再次实现近20%的收入增长。我们来看看收益。到目前为止，2021年前3个季度的盈利与2020年一样，远高于之前占收入13.5%的趋势。到目前为止，盈利占收入的17.5%至19%之间，平均为18.3%。诚然，2020年这一比例为19.6%，但这也意味着我们不能再合理地认为2020年在这方面是一个异常现象。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65fdec19cf0bd680067fed0f3ac34f92\" tg-width=\"482\" tg-height=\"290\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on financial reports. Items in $millions. 2021 figure is an estimate based on first 3 quarters.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者基于财务报告的工作。百万美元的项目。2021年的数字是基于前3个季度的估计。</span></p></blockquote></p><p> Looking at these figures, the only thing that could worry investors is year-on-year growth rates. If you look at the table below you can see the growth rates of revenue and earnings for&nbsp;Q3 2021, YTD or YoY and with the 1-year growth rate or the 2-year CAGR.</p><p><blockquote>从这些数字来看，投资者唯一可能担心的是同比增长率。如果您查看下表，您可以看到2021年第三季度、年初至今或同比的收入和收益增长率以及1年增长率或2年CAGR。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c30583b007f9682b8b5c78496897f61d\" tg-width=\"281\" tg-height=\"145\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on financial reports.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者基于财务报告的工作。</span></p></blockquote></p><p> This gives a clue of what might be the problem, as year-on-year growth rates in the third quarter look significantly worse than average, especially in earnings growth. However, if you take into account that 2020 Q3 was an exceptionally good quarter, it seems likePayPal is being punished for how good results were in 2020. If you look at the 2-year growth, results seem great, especially in earnings (it is also true that Q3 2019 was exceptionally bad, but one argument is as valid as the other).</p><p><blockquote>这为问题可能出在哪里提供了线索，因为第三季度的同比增长率看起来明显低于平均水平，尤其是在盈利增长方面。然而，如果你考虑到2020年第三季度是一个非常好的季度，那么PayPal似乎因2020年的良好业绩而受到惩罚。如果你看看两年的增长，结果似乎很好，尤其是在盈利方面（2019年第三季度确实异常糟糕，但一个论点和另一个一样有效）。</blockquote></p><p> To illustrate this point, imagine that net income had been lower in 2020. The chart below contains the same figures as the one before, except that 2020 net income has been arbitrarily reduced to fit a more growing pattern.</p><p><blockquote>为了说明这一点，想象一下2020年净利润较低。下图包含与上一张相同的数字，只是2020年净利润被任意减少以适应更增长的模式。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b14c61672e1db2d56752a6a07d858b3\" tg-width=\"483\" tg-height=\"289\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on financial reports. Items in $millions. *The figure from 2014 has been removed and the net income figure from 2020 has been reduced to illustrate the point explained above. 2021 figure is an estimate based on first 3 quarters.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者基于财务报告的工作。百万美元的项目。*二零一四年的数字已删除，而二零二零年的净收入数字已减少，以说明上文所解释的要点。2021年的数字是基于前3个季度的估计。</span></p></blockquote></p><p> The result would be a much more promising-looking trend altogether. When taking short-term growth figures into account when valuing a company one should wonder if they are punishing bad results or actually punishing good results. All considered it doesn't seem like there is a reasonable cause in the observed financial performance ofPayPal that should make you think prospects are worse than they were 9 months ago.</p><p><blockquote>结果将是一个看起来更有希望的趋势。当在评估一家公司时考虑短期增长数据时，人们应该怀疑他们是在惩罚糟糕的结果还是实际上在惩罚好的结果。总的来说，观察到的PayPal财务表现似乎没有合理的原因让您认为前景比9个月前更糟糕。</blockquote></p><p> <b>Is market growth a concern?</b></p><p><blockquote><b>市场增长令人担忧吗？</b></blockquote></p><p> With that said, the only other possible explanation is that, indeed, there are external factors that will prevent&nbsp;PayPal from expanding at the previously perceived rate. The stock was recently&nbsp;downgraded by Bernstein, claiming \"market share growth concerns\". The stock has slid over 30% since it reached an ATH at $300 makingPayPal's valuation that much more attractive. But how does this weigh against concerns over market growth?</p><p><blockquote>话虽如此，唯一其他可能的解释是，确实有外部因素会阻止PayPal以之前认为的速度扩张。该股最近被伯恩斯坦下调评级，声称“市场份额增长担忧”。自达到300美元的ATH以来，该股已下跌超过30%，这使得PayPal的估值更具吸引力。但这如何抵消对市场增长的担忧呢？</blockquote></p><p> \"Fintech\" is no longer a novel concept, and in the last few years, we have seen hundreds if not thousands of companies come out with similar versions of whatPayPal offers. To say the market is saturated, might even be an understatement, butPayPal remains the king of the hill.</p><p><blockquote>“金融科技”不再是一个新颖的概念，在过去几年中，我们已经看到数百家甚至数千家公司推出了PayPal提供的类似版本。说市场已经饱和甚至可能是一种保守的说法，但PayPal仍然是山中之王。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/462ce82e5652c8762836c4ef98dcdee5\" tg-width=\"1280\" tg-height=\"687\" width=\"100%\" height=\"auto\"><span>Source: datanyze.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：datanyze.com</span></p></blockquote></p><p> In terms of Payment Processing Software,PayPal has over 50% of the market, and I say that because Braintree, which takes the fifth position, is also owned byPayPal. The problemPayPal faces though, isn't coming from the hundreds of startups and newly IPO'd companies, but by the large players which we also see on his list.</p><p><blockquote>在支付处理软件方面，PayPal拥有超过50%的市场份额，我这么说是因为排名第五的Braintree也归PayPal所有。然而，PayPal面临的问题并不是来自数百家初创公司和新上市的公司，而是来自我们在他的名单上也看到的大公司。</blockquote></p><p> This includes AmazonPay, Shopify Inc.'s (SHOP) ShopPay and even Google Pay. Arguably, some of these services have an advantage, in that their payment offerings complement other services. Shopify, for example, incentivizes its users and merchants to use its payment processing platforms, and Google has the advantage of being deeply embedded in a lot of the things we do.</p><p><blockquote>这包括AmazonPay、Shopify Inc.(SHOP)的ShopPay甚至Google Pay。可以说，其中一些服务具有优势，因为它们的支付产品补充了其他服务。例如，Shopify激励其用户和商家使用其支付处理平台，而谷歌的优势在于深入参与我们所做的许多事情。</blockquote></p><p> In this regard, Shopify and Amazon, for example, have a big advantage, in that they control where much of the money online is spent and can use this to their advantage. However, the payment system is not just limited to eCommerce.PayPal has a presence in many other areas, such as international transfers/transactions and physical payments.PayPal can be used as a bank, and there are also advantages to being a complete financial service focused company, just like there are advantages to having an ecosystem of buyers and sellers on your platform.</p><p><blockquote>例如，在这方面，Shopify和亚马逊有很大的优势，因为他们控制着大部分在线资金的花费，并可以利用这一点。然而，支付系统不仅仅局限于电子商务。PayPal在许多其他领域都有业务，如国际转账/交易和实物支付。PayPal可以用作银行，作为一家专注于完整金融服务的公司也有优势，就像在你的平台上拥有买家和卖家的生态系统也有优势一样。</blockquote></p><p> Yes, the market is saturated, and growth will become a challenge, but I still believe thatPayPal can succeed long-term and I'll explain why.</p><p><blockquote>是的，市场已经饱和，增长将成为一个挑战，但我仍然相信PayPal可以长期成功，我会解释原因。</blockquote></p><p> <b>Two more reasons I will hold on to</b><b>PayPal</b></p><p><blockquote><b>还有两个我会坚持下去的理由</b><b>PayPal</b></blockquote></p><p> My analysis continues to support thatPayPal is on track to deliver the growth and returns I expected weeks ago. In this regard,PayPal offers growth at a reasonable price. It is a profitable and well-established company that is going nowhere.</p><p><blockquote>我的分析继续支持PayPal有望实现我几周前预期的增长和回报。在这方面，PayPal以合理的价格提供增长。这是一家盈利且信誉良好的公司，但却一事无成。</blockquote></p><p> More specifically though, two factors make me especially bullish onPayPal; Venmo and the power of its Balance Sheet.</p><p><blockquote>更具体地说，有两个因素让我特别看好PayPal；Venmo及其资产负债表的力量。</blockquote></p><p> Starting with Venmo, this is perhaps the biggest reason why I thinkPayPal still holds plenty of value and growth potential. Venmo is one of the most popular payment Apps in the United States. In 2020 over&nbsp;$159 billion in transactions&nbsp;were processed through Venmo in 2020, and the App is on track to deliver $900 million in revenues in 2021 according to the latest earnings call.</p><p><blockquote>从Venmo开始，这也许是我认为PayPal仍然拥有巨大价值和增长潜力的最大原因。Venmo是美国最受欢迎的支付应用之一。根据最新的收益看涨期权，2020年通过Venmo处理了超过1590亿美元的交易，该应用程序有望在2021年实现9亿美元的收入。</blockquote></p><p></p><p> But Venmo is barely scratching the surface of what it can achieve, both in terms of growth and monetization. When it comes to the latter, we can see that Venmo can still come a long way in terms of monetization if we compare it to Square Inc.'s (SQ) CashApp.According to estimates, CashApp produced $54 per user in 2020, while Venmo only made $12 from each active user. There are slight differences in transaction costs, but most of this comes from the fact that CashApp is used more for cryptocurrency transactions. This is something Venmo can easily replicate.</p><p><blockquote>但无论是在增长还是货币化方面，Venmo都只是触及了其所能实现的表面。谈到后者，如果我们将Venmo与Square Inc.(SQ)的CashApp进行比较，我们可以看到Venmo在货币化方面仍有很长的路要走。据估计，CashApp在2020年为每个用户带来了54美元的收入，而Venmo仅从每个活跃用户身上获得了12美元的收入。交易成本略有差异，但这大部分来自于CashApp更多地用于加密货币交易。这是Venmo可以轻松复制的。</blockquote></p><p> In terms of growth though, Venmo can go much farther. Originally, Venmo was conceived as a peer-to-peer payment system, but this is quickly moving to businesses too. Amazon.com (AMZN)&nbsp;will be accepting Venmo payments&nbsp;starting in 2022, and I believe this will see significant success.</p><p><blockquote>不过，就增长而言，Venmo可以走得更远。最初，Venmo被认为是一个点对点支付系统，但这也很快转移到企业。亚马逊(AMZN)将从2022年开始接受Venmo支付，我相信这将取得巨大成功。</blockquote></p><p> Venmo has a place in the mobile phones of 65 million people, and this is somethingPayPal can leverage to its advantage moving forward.</p><p><blockquote>Venmo在6500万人的手机中占有一席之地，这是PayPal可以利用的优势。</blockquote></p><p> The other big reason I will continue to holdPayPal is its incredible Balance Sheet, and all the growth opportunities this opens.PayPal has $13.29 billion in cash and negative net debt. It has a much stronger balance sheet than its most established peers, such as Mastercard Corporation (MA). It's now time forPayPal to put this money to good use to expand its platform, especially internationally, something we already got a taste of in the last investor presentation.</p><p><blockquote>我将继续持有PayPal的另一个重要原因是其令人难以置信的资产负债表，以及由此带来的所有增长机会。PayPal拥有132.9亿美元现金和负净债务。它的资产负债表比万事达卡公司（MA）等最成熟的同行要强大得多。现在是PayPal充分利用这笔资金来扩展其平台的时候了，特别是在国际上，我们已经在上次投资者演示中尝到了这一点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3484de41ef449aa085877ee9374fa00\" tg-width=\"1280\" tg-height=\"648\" width=\"100%\" height=\"auto\"><span>Source: Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：投资者介绍</span></p></blockquote></p><p> On September 7th, it was announced thatPayPal was acquiring Paidy, which uses artificial intelligence to find out the creditworthiness of its users and offers payment instalment plans. This is just one example of howPayPal can enter new markets and expand its footprint. Much like I argued before with Shopify,PayPal can now leverage Paidy to also push its other payment platforms into the Japanese market. I am very excited to see what other acquisitionsPayPal will make.</p><p><blockquote>9月7日，PayPal宣布收购Paidy，该公司使用人工智能来了解用户的信用度，并提供支付分期付款计划。这只是PayPal如何进入新市场并扩大其足迹的一个例子。就像我之前与Shopify争论的那样，PayPal现在可以利用Paidy将其其他支付平台推向日本市场。我很高兴看到PayPal还会进行哪些其他收购。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> In conclusion, and referring back to the thesis summary, I see no material reason why shares ofPayPal should continue to depreciate. Exogenous factors haven't changed, competition has always been tough and the company is still on track to deliver on its medium and long term growth targets.PayPal offers investors growth at a reasonable price, and that is hard to come by these days.</p><p><blockquote>总之，回到论文摘要，我认为PayPal的股价没有理由继续贬值。外生因素没有改变，竞争一直很激烈，公司仍有望实现中长期增长目标。PayPal以合理的价格为投资者提供增长，而这在当今很难实现。</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>PayPal: Time To Go All In<blockquote>PayPal：是时候全力以赴了</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\">\nPayPal: Time To Go All In<blockquote>PayPal：是时候全力以赴了</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\">2021-11-22 11:14</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>PayPal has fallen over 30% since its ATH due to poor guidance and increased competition concerns.</li>  <li>I argue that PayPal is still on track to achieve its long-term goals, and competition, albeit fierce, is manageable.</li>  <li>The potential of Venmo and PayPal's future acquisition are what keep me coming back for more.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/71b7d55858c35eda92a04deae062ef8b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>South_agency/E+ via Getty Images</span></p><p><blockquote><ul><li>由于指导不力和竞争担忧加剧，PayPal自ATH以来股价已下跌超过30%。</li><li>我认为PayPal仍在实现其长期目标的轨道上，竞争尽管激烈，但是可控的。</li><li>Venmo和PayPal未来收购的潜力让我不断回来购买更多。</li></ul><p class=\"t-img-caption\"><span>South_agency/E+来自Getty Images</span></p></blockquote></p><p> <b>Thesis Summary</b></p><p><blockquote><b>论文摘要</b></blockquote></p><p> Seven months ago, we analyzedPayPal Holdings Inc. (PYPL) and concluded that our target price of $425 for 2025 made the $266 purchase give a compound return of 10.5% per year. At the time, we were forecasting revenue, earnings, and PE ratios to calculate the target price.</p><p><blockquote>七个月前，我们分析了PayPal Holdings Inc.(PYPL)，得出的结论是，我们2025年425美元的目标价使得266美元的收购每年复合回报率为10.5%。当时，我们正在预测收入、盈利和市盈率来计算目标价。</blockquote></p><p> Although our forecasted PE ratio based on its relation to Earnings suggested the price was a little high for that point in time, it seemed that the market was granting the company a higher valuation given its remarkably consistent track record.</p><p><blockquote>尽管我们根据其与收益的关系预测市盈率表明当时的价格有点高，但鉴于该公司非常一致的业绩记录，市场似乎给予了该公司更高的估值。</blockquote></p><p> It took very little smoothing to set historical revenue growth at a consistent 17.9% per year, and as for the earnings margin, net income was very close to 13.55% of revenue almost every year. The only two exceptions were one negative, in 2014, and one positive, in 2020, where the margin was 19.6%.</p><p><blockquote>几乎不需要任何平滑就将历史收入增长率设定在每年17.9%，至于利润率，净利润几乎每年都非常接近收入的13.55%。仅有的两个例外是2014年的负利率和2020年的正利率，利润率为19.6%。</blockquote></p><p> As the year 2021 has progressed,PayPal has dropped significantly, all the way down to $200. At this price, the $425 target for 2025 would give you a compound annual return of 20.1%. I can think of three possible explanations for this collapse:</p><p><blockquote>随着2021年的进展，PayPal大幅下跌，一路跌至200美元。按照这个价格，2025年425美元的目标将为您带来20.1%的复合年回报率。对于这种崩溃，我可以想到三种可能的解释：</blockquote></p><p> a) The price was ahead of its time, and 2020 over performance got investors thinking growth had accelerated and that the price would go higher than we were forecasting. Ultimately, an investment relying on growth that has not yet materialized requires higher returns, and if the company is growing 18%, the investor wants to make at least 18% on their investment.</p><p><blockquote>a)价格领先于时代，2020年的表现让投资者认为增长已经加速，价格将高于我们的预期。最终，依赖尚未实现的增长的投资需要更高的回报，如果公司增长18%，投资者希望从投资中获得至少18%的回报。</blockquote></p><p> b) There is a perceived risk of earnings growth slowing down significantly based on the company's performance after looking at financial reports from the first three quarters of 2021.</p><p><blockquote>b)在查看2021年前三季度的财务报告后，根据公司的业绩，认为盈利增长存在大幅放缓的风险。</blockquote></p><p> c) There is a perceived risk of growth slowing down significantly due to factors outside of the company's financial performance, based on a qualitative analysis of the company and its addressable market.</p><p><blockquote>c)根据对公司及其目标市场的定性分析，由于公司财务业绩以外的因素，存在增长显着放缓的风险。</blockquote></p><p> If the correct answer is A, this is a great investment. If the logic feels compelling enough you should buy now and enjoy your 20% return over the years. I am going to focus on the other two scenarios, where we need to think about whether the business itself is actually in trouble.</p><p><blockquote>如果正确答案是A，这是一项伟大的投资。如果逻辑足够令人信服，您应该现在购买并享受多年来20%的回报。我将重点讨论另外两种情况，在这两种情况下，我们需要考虑企业本身是否真的陷入了困境。</blockquote></p><p> <b>2021 Financial Performance</b></p><p><blockquote><b>二零二一年财务表现</b></blockquote></p><p> Our previous analysis onPayPal was based on revenue and net income, as per GAAP figures up to 2020. Here I am going to look at the results of the first three quarters of 2021 to see if the results are disappointing.</p><p><blockquote>我们之前对PayPal的分析是基于截至2020年的GAAP数据的收入和净利润。这里我要看看2021年前三季度的业绩，看看业绩是否令人失望。</blockquote></p><p> First off, we have revenue growth. Indeed, quarter on quarter it doesn't look great, but this is not uncommon inPayPal's history of seasonality. If you look at the chart below, you can see that revenue grows the most in the fourth quarter, always drops in the first (QoQ), and has mixed results from the first to the third. Also, to continue on the 17.9% growth trend, revenue in the fourth quarter would only have to be %6.65 billion less than 8% higher than in the third quarter.</p><p><blockquote>首先，我们有收入增长。事实上，环比来看，情况并不乐观，但这在PayPal的季节性历史中并不罕见。如果你看下图，你可以看到第四季度收入增长最多，第一季度（环比）总是下降，并且从第一季度到第三季度的结果好坏参半。此外，要继续保持17.9%的增长趋势，第四季度的收入只需达到66.5亿美元，比第三季度增长不到8%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fba8cbaa13348012cc020a72a4ecd1c\" tg-width=\"283\" tg-height=\"170\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on financial reports. Items in $millions.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者基于财务报告的工作。百万美元的项目。</span></p></blockquote></p><p> It appears that all is good with revenue growth so far and 2021 looks to deliver once again on the near 20% revenue growth figure. Let's take a look at earnings. So far in the first 3 quarters of 2021, earnings have been, just as in 2020, much higher than the previous trend of 13.5% of revenue. So far, earnings are between 17.5 and 19% of revenue, with an average of 18.3%. It is true that this was 19.6% in 2020, but it also means that we can no longer reasonably consider 2020 an anomaly in that respect.</p><p><blockquote>到目前为止，收入增长似乎一切顺利，2021年有望再次实现近20%的收入增长。我们来看看收益。到目前为止，2021年前3个季度的盈利与2020年一样，远高于之前占收入13.5%的趋势。到目前为止，盈利占收入的17.5%至19%之间，平均为18.3%。诚然，2020年这一比例为19.6%，但这也意味着我们不能再合理地认为2020年在这方面是一个异常现象。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65fdec19cf0bd680067fed0f3ac34f92\" tg-width=\"482\" tg-height=\"290\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on financial reports. Items in $millions. 2021 figure is an estimate based on first 3 quarters.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者基于财务报告的工作。百万美元的项目。2021年的数字是基于前3个季度的估计。</span></p></blockquote></p><p> Looking at these figures, the only thing that could worry investors is year-on-year growth rates. If you look at the table below you can see the growth rates of revenue and earnings for&nbsp;Q3 2021, YTD or YoY and with the 1-year growth rate or the 2-year CAGR.</p><p><blockquote>从这些数字来看，投资者唯一可能担心的是同比增长率。如果您查看下表，您可以看到2021年第三季度、年初至今或同比的收入和收益增长率以及1年增长率或2年CAGR。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c30583b007f9682b8b5c78496897f61d\" tg-width=\"281\" tg-height=\"145\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on financial reports.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者基于财务报告的工作。</span></p></blockquote></p><p> This gives a clue of what might be the problem, as year-on-year growth rates in the third quarter look significantly worse than average, especially in earnings growth. However, if you take into account that 2020 Q3 was an exceptionally good quarter, it seems likePayPal is being punished for how good results were in 2020. If you look at the 2-year growth, results seem great, especially in earnings (it is also true that Q3 2019 was exceptionally bad, but one argument is as valid as the other).</p><p><blockquote>这为问题可能出在哪里提供了线索，因为第三季度的同比增长率看起来明显低于平均水平，尤其是在盈利增长方面。然而，如果你考虑到2020年第三季度是一个非常好的季度，那么PayPal似乎因2020年的良好业绩而受到惩罚。如果你看看两年的增长，结果似乎很好，尤其是在盈利方面（2019年第三季度确实异常糟糕，但一个论点和另一个一样有效）。</blockquote></p><p> To illustrate this point, imagine that net income had been lower in 2020. The chart below contains the same figures as the one before, except that 2020 net income has been arbitrarily reduced to fit a more growing pattern.</p><p><blockquote>为了说明这一点，想象一下2020年净利润较低。下图包含与上一张相同的数字，只是2020年净利润被任意减少以适应更增长的模式。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b14c61672e1db2d56752a6a07d858b3\" tg-width=\"483\" tg-height=\"289\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on financial reports. Items in $millions. *The figure from 2014 has been removed and the net income figure from 2020 has been reduced to illustrate the point explained above. 2021 figure is an estimate based on first 3 quarters.</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者基于财务报告的工作。百万美元的项目。*二零一四年的数字已删除，而二零二零年的净收入数字已减少，以说明上文所解释的要点。2021年的数字是基于前3个季度的估计。</span></p></blockquote></p><p> The result would be a much more promising-looking trend altogether. When taking short-term growth figures into account when valuing a company one should wonder if they are punishing bad results or actually punishing good results. All considered it doesn't seem like there is a reasonable cause in the observed financial performance ofPayPal that should make you think prospects are worse than they were 9 months ago.</p><p><blockquote>结果将是一个看起来更有希望的趋势。当在评估一家公司时考虑短期增长数据时，人们应该怀疑他们是在惩罚糟糕的结果还是实际上在惩罚好的结果。总的来说，观察到的PayPal财务表现似乎没有合理的原因让您认为前景比9个月前更糟糕。</blockquote></p><p> <b>Is market growth a concern?</b></p><p><blockquote><b>市场增长令人担忧吗？</b></blockquote></p><p> With that said, the only other possible explanation is that, indeed, there are external factors that will prevent&nbsp;PayPal from expanding at the previously perceived rate. The stock was recently&nbsp;downgraded by Bernstein, claiming \"market share growth concerns\". The stock has slid over 30% since it reached an ATH at $300 makingPayPal's valuation that much more attractive. But how does this weigh against concerns over market growth?</p><p><blockquote>话虽如此，唯一其他可能的解释是，确实有外部因素会阻止PayPal以之前认为的速度扩张。该股最近被伯恩斯坦下调评级，声称“市场份额增长担忧”。自达到300美元的ATH以来，该股已下跌超过30%，这使得PayPal的估值更具吸引力。但这如何抵消对市场增长的担忧呢？</blockquote></p><p> \"Fintech\" is no longer a novel concept, and in the last few years, we have seen hundreds if not thousands of companies come out with similar versions of whatPayPal offers. To say the market is saturated, might even be an understatement, butPayPal remains the king of the hill.</p><p><blockquote>“金融科技”不再是一个新颖的概念，在过去几年中，我们已经看到数百家甚至数千家公司推出了PayPal提供的类似版本。说市场已经饱和甚至可能是一种保守的说法，但PayPal仍然是山中之王。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/462ce82e5652c8762836c4ef98dcdee5\" tg-width=\"1280\" tg-height=\"687\" width=\"100%\" height=\"auto\"><span>Source: datanyze.com</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：datanyze.com</span></p></blockquote></p><p> In terms of Payment Processing Software,PayPal has over 50% of the market, and I say that because Braintree, which takes the fifth position, is also owned byPayPal. The problemPayPal faces though, isn't coming from the hundreds of startups and newly IPO'd companies, but by the large players which we also see on his list.</p><p><blockquote>在支付处理软件方面，PayPal拥有超过50%的市场份额，我这么说是因为排名第五的Braintree也归PayPal所有。然而，PayPal面临的问题并不是来自数百家初创公司和新上市的公司，而是来自我们在他的名单上也看到的大公司。</blockquote></p><p> This includes AmazonPay, Shopify Inc.'s (SHOP) ShopPay and even Google Pay. Arguably, some of these services have an advantage, in that their payment offerings complement other services. Shopify, for example, incentivizes its users and merchants to use its payment processing platforms, and Google has the advantage of being deeply embedded in a lot of the things we do.</p><p><blockquote>这包括AmazonPay、Shopify Inc.(SHOP)的ShopPay甚至Google Pay。可以说，其中一些服务具有优势，因为它们的支付产品补充了其他服务。例如，Shopify激励其用户和商家使用其支付处理平台，而谷歌的优势在于深入参与我们所做的许多事情。</blockquote></p><p> In this regard, Shopify and Amazon, for example, have a big advantage, in that they control where much of the money online is spent and can use this to their advantage. However, the payment system is not just limited to eCommerce.PayPal has a presence in many other areas, such as international transfers/transactions and physical payments.PayPal can be used as a bank, and there are also advantages to being a complete financial service focused company, just like there are advantages to having an ecosystem of buyers and sellers on your platform.</p><p><blockquote>例如，在这方面，Shopify和亚马逊有很大的优势，因为他们控制着大部分在线资金的花费，并可以利用这一点。然而，支付系统不仅仅局限于电子商务。PayPal在许多其他领域都有业务，如国际转账/交易和实物支付。PayPal可以用作银行，作为一家专注于完整金融服务的公司也有优势，就像在你的平台上拥有买家和卖家的生态系统也有优势一样。</blockquote></p><p> Yes, the market is saturated, and growth will become a challenge, but I still believe thatPayPal can succeed long-term and I'll explain why.</p><p><blockquote>是的，市场已经饱和，增长将成为一个挑战，但我仍然相信PayPal可以长期成功，我会解释原因。</blockquote></p><p> <b>Two more reasons I will hold on to</b><b>PayPal</b></p><p><blockquote><b>还有两个我会坚持下去的理由</b><b>PayPal</b></blockquote></p><p> My analysis continues to support thatPayPal is on track to deliver the growth and returns I expected weeks ago. In this regard,PayPal offers growth at a reasonable price. It is a profitable and well-established company that is going nowhere.</p><p><blockquote>我的分析继续支持PayPal有望实现我几周前预期的增长和回报。在这方面，PayPal以合理的价格提供增长。这是一家盈利且信誉良好的公司，但却一事无成。</blockquote></p><p> More specifically though, two factors make me especially bullish onPayPal; Venmo and the power of its Balance Sheet.</p><p><blockquote>更具体地说，有两个因素让我特别看好PayPal；Venmo及其资产负债表的力量。</blockquote></p><p> Starting with Venmo, this is perhaps the biggest reason why I thinkPayPal still holds plenty of value and growth potential. Venmo is one of the most popular payment Apps in the United States. In 2020 over&nbsp;$159 billion in transactions&nbsp;were processed through Venmo in 2020, and the App is on track to deliver $900 million in revenues in 2021 according to the latest earnings call.</p><p><blockquote>从Venmo开始，这也许是我认为PayPal仍然拥有巨大价值和增长潜力的最大原因。Venmo是美国最受欢迎的支付应用之一。根据最新的收益看涨期权，2020年通过Venmo处理了超过1590亿美元的交易，该应用程序有望在2021年实现9亿美元的收入。</blockquote></p><p></p><p> But Venmo is barely scratching the surface of what it can achieve, both in terms of growth and monetization. When it comes to the latter, we can see that Venmo can still come a long way in terms of monetization if we compare it to Square Inc.'s (SQ) CashApp.According to estimates, CashApp produced $54 per user in 2020, while Venmo only made $12 from each active user. There are slight differences in transaction costs, but most of this comes from the fact that CashApp is used more for cryptocurrency transactions. This is something Venmo can easily replicate.</p><p><blockquote>但无论是在增长还是货币化方面，Venmo都只是触及了其所能实现的表面。谈到后者，如果我们将Venmo与Square Inc.(SQ)的CashApp进行比较，我们可以看到Venmo在货币化方面仍有很长的路要走。据估计，CashApp在2020年为每个用户带来了54美元的收入，而Venmo仅从每个活跃用户身上获得了12美元的收入。交易成本略有差异，但这大部分来自于CashApp更多地用于加密货币交易。这是Venmo可以轻松复制的。</blockquote></p><p> In terms of growth though, Venmo can go much farther. Originally, Venmo was conceived as a peer-to-peer payment system, but this is quickly moving to businesses too. Amazon.com (AMZN)&nbsp;will be accepting Venmo payments&nbsp;starting in 2022, and I believe this will see significant success.</p><p><blockquote>不过，就增长而言，Venmo可以走得更远。最初，Venmo被认为是一个点对点支付系统，但这也很快转移到企业。亚马逊(AMZN)将从2022年开始接受Venmo支付，我相信这将取得巨大成功。</blockquote></p><p> Venmo has a place in the mobile phones of 65 million people, and this is somethingPayPal can leverage to its advantage moving forward.</p><p><blockquote>Venmo在6500万人的手机中占有一席之地，这是PayPal可以利用的优势。</blockquote></p><p> The other big reason I will continue to holdPayPal is its incredible Balance Sheet, and all the growth opportunities this opens.PayPal has $13.29 billion in cash and negative net debt. It has a much stronger balance sheet than its most established peers, such as Mastercard Corporation (MA). It's now time forPayPal to put this money to good use to expand its platform, especially internationally, something we already got a taste of in the last investor presentation.</p><p><blockquote>我将继续持有PayPal的另一个重要原因是其令人难以置信的资产负债表，以及由此带来的所有增长机会。PayPal拥有132.9亿美元现金和负净债务。它的资产负债表比万事达卡公司（MA）等最成熟的同行要强大得多。现在是PayPal充分利用这笔资金来扩展其平台的时候了，特别是在国际上，我们已经在上次投资者演示中尝到了这一点。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3484de41ef449aa085877ee9374fa00\" tg-width=\"1280\" tg-height=\"648\" width=\"100%\" height=\"auto\"><span>Source: Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：投资者介绍</span></p></blockquote></p><p> On September 7th, it was announced thatPayPal was acquiring Paidy, which uses artificial intelligence to find out the creditworthiness of its users and offers payment instalment plans. This is just one example of howPayPal can enter new markets and expand its footprint. Much like I argued before with Shopify,PayPal can now leverage Paidy to also push its other payment platforms into the Japanese market. I am very excited to see what other acquisitionsPayPal will make.</p><p><blockquote>9月7日，PayPal宣布收购Paidy，该公司使用人工智能来了解用户的信用度，并提供支付分期付款计划。这只是PayPal如何进入新市场并扩大其足迹的一个例子。就像我之前与Shopify争论的那样，PayPal现在可以利用Paidy将其其他支付平台推向日本市场。我很高兴看到PayPal还会进行哪些其他收购。</blockquote></p><p> <b>Takeaway</b></p><p><blockquote><b>外卖</b></blockquote></p><p> In conclusion, and referring back to the thesis summary, I see no material reason why shares ofPayPal should continue to depreciate. Exogenous factors haven't changed, competition has always been tough and the company is still on track to deliver on its medium and long term growth targets.PayPal offers investors growth at a reasonable price, and that is hard to come by these days.</p><p><blockquote>总之，回到论文摘要，我认为PayPal的股价没有理由继续贬值。外生因素没有改变，竞争一直很激烈，公司仍有望实现中长期增长目标。PayPal以合理的价格为投资者提供增长，而这在当今很难实现。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4470923-paypal-time-to-go-all-in\">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":{"PYPL":"PayPal"},"source_url":"https://seekingalpha.com/article/4470923-paypal-time-to-go-all-in","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158506816","content_text":"Summary\n\nPayPal has fallen over 30% since its ATH due to poor guidance and increased competition concerns.\nI argue that PayPal is still on track to achieve its long-term goals, and competition, albeit fierce, is manageable.\nThe potential of Venmo and PayPal's future acquisition are what keep me coming back for more.\n\nSouth_agency/E+ via Getty Images\nThesis Summary\nSeven months ago, we analyzedPayPal Holdings Inc. (PYPL) and concluded that our target price of $425 for 2025 made the $266 purchase give a compound return of 10.5% per year. At the time, we were forecasting revenue, earnings, and PE ratios to calculate the target price.\nAlthough our forecasted PE ratio based on its relation to Earnings suggested the price was a little high for that point in time, it seemed that the market was granting the company a higher valuation given its remarkably consistent track record.\nIt took very little smoothing to set historical revenue growth at a consistent 17.9% per year, and as for the earnings margin, net income was very close to 13.55% of revenue almost every year. The only two exceptions were one negative, in 2014, and one positive, in 2020, where the margin was 19.6%.\nAs the year 2021 has progressed,PayPal has dropped significantly, all the way down to $200. At this price, the $425 target for 2025 would give you a compound annual return of 20.1%. I can think of three possible explanations for this collapse:\na) The price was ahead of its time, and 2020 over performance got investors thinking growth had accelerated and that the price would go higher than we were forecasting. Ultimately, an investment relying on growth that has not yet materialized requires higher returns, and if the company is growing 18%, the investor wants to make at least 18% on their investment.\nb) There is a perceived risk of earnings growth slowing down significantly based on the company's performance after looking at financial reports from the first three quarters of 2021.\nc) There is a perceived risk of growth slowing down significantly due to factors outside of the company's financial performance, based on a qualitative analysis of the company and its addressable market.\nIf the correct answer is A, this is a great investment. If the logic feels compelling enough you should buy now and enjoy your 20% return over the years. I am going to focus on the other two scenarios, where we need to think about whether the business itself is actually in trouble.\n2021 Financial Performance\nOur previous analysis onPayPal was based on revenue and net income, as per GAAP figures up to 2020. Here I am going to look at the results of the first three quarters of 2021 to see if the results are disappointing.\nFirst off, we have revenue growth. Indeed, quarter on quarter it doesn't look great, but this is not uncommon inPayPal's history of seasonality. If you look at the chart below, you can see that revenue grows the most in the fourth quarter, always drops in the first (QoQ), and has mixed results from the first to the third. Also, to continue on the 17.9% growth trend, revenue in the fourth quarter would only have to be %6.65 billion less than 8% higher than in the third quarter.\nSource: Author's work based on financial reports. Items in $millions.\nIt appears that all is good with revenue growth so far and 2021 looks to deliver once again on the near 20% revenue growth figure. Let's take a look at earnings. So far in the first 3 quarters of 2021, earnings have been, just as in 2020, much higher than the previous trend of 13.5% of revenue. So far, earnings are between 17.5 and 19% of revenue, with an average of 18.3%. It is true that this was 19.6% in 2020, but it also means that we can no longer reasonably consider 2020 an anomaly in that respect.\nSource: Author's work based on financial reports. Items in $millions. 2021 figure is an estimate based on first 3 quarters.\nLooking at these figures, the only thing that could worry investors is year-on-year growth rates. If you look at the table below you can see the growth rates of revenue and earnings for Q3 2021, YTD or YoY and with the 1-year growth rate or the 2-year CAGR.\nSource: Author's work based on financial reports.\nThis gives a clue of what might be the problem, as year-on-year growth rates in the third quarter look significantly worse than average, especially in earnings growth. However, if you take into account that 2020 Q3 was an exceptionally good quarter, it seems likePayPal is being punished for how good results were in 2020. If you look at the 2-year growth, results seem great, especially in earnings (it is also true that Q3 2019 was exceptionally bad, but one argument is as valid as the other).\nTo illustrate this point, imagine that net income had been lower in 2020. The chart below contains the same figures as the one before, except that 2020 net income has been arbitrarily reduced to fit a more growing pattern.\nSource: Author's work based on financial reports. Items in $millions. *The figure from 2014 has been removed and the net income figure from 2020 has been reduced to illustrate the point explained above. 2021 figure is an estimate based on first 3 quarters.\nThe result would be a much more promising-looking trend altogether. When taking short-term growth figures into account when valuing a company one should wonder if they are punishing bad results or actually punishing good results. All considered it doesn't seem like there is a reasonable cause in the observed financial performance ofPayPal that should make you think prospects are worse than they were 9 months ago.\nIs market growth a concern?\nWith that said, the only other possible explanation is that, indeed, there are external factors that will prevent PayPal from expanding at the previously perceived rate. The stock was recently downgraded by Bernstein, claiming \"market share growth concerns\". The stock has slid over 30% since it reached an ATH at $300 makingPayPal's valuation that much more attractive. But how does this weigh against concerns over market growth?\n\"Fintech\" is no longer a novel concept, and in the last few years, we have seen hundreds if not thousands of companies come out with similar versions of whatPayPal offers. To say the market is saturated, might even be an understatement, butPayPal remains the king of the hill.\nSource: datanyze.com\nIn terms of Payment Processing Software,PayPal has over 50% of the market, and I say that because Braintree, which takes the fifth position, is also owned byPayPal. The problemPayPal faces though, isn't coming from the hundreds of startups and newly IPO'd companies, but by the large players which we also see on his list.\nThis includes AmazonPay, Shopify Inc.'s (SHOP) ShopPay and even Google Pay. Arguably, some of these services have an advantage, in that their payment offerings complement other services. Shopify, for example, incentivizes its users and merchants to use its payment processing platforms, and Google has the advantage of being deeply embedded in a lot of the things we do.\nIn this regard, Shopify and Amazon, for example, have a big advantage, in that they control where much of the money online is spent and can use this to their advantage. However, the payment system is not just limited to eCommerce.PayPal has a presence in many other areas, such as international transfers/transactions and physical payments.PayPal can be used as a bank, and there are also advantages to being a complete financial service focused company, just like there are advantages to having an ecosystem of buyers and sellers on your platform.\nYes, the market is saturated, and growth will become a challenge, but I still believe thatPayPal can succeed long-term and I'll explain why.\nTwo more reasons I will hold on toPayPal\nMy analysis continues to support thatPayPal is on track to deliver the growth and returns I expected weeks ago. In this regard,PayPal offers growth at a reasonable price. It is a profitable and well-established company that is going nowhere.\nMore specifically though, two factors make me especially bullish onPayPal; Venmo and the power of its Balance Sheet.\nStarting with Venmo, this is perhaps the biggest reason why I thinkPayPal still holds plenty of value and growth potential. Venmo is one of the most popular payment Apps in the United States. In 2020 over $159 billion in transactions were processed through Venmo in 2020, and the App is on track to deliver $900 million in revenues in 2021 according to the latest earnings call.\nBut Venmo is barely scratching the surface of what it can achieve, both in terms of growth and monetization. When it comes to the latter, we can see that Venmo can still come a long way in terms of monetization if we compare it to Square Inc.'s (SQ) CashApp.According to estimates, CashApp produced $54 per user in 2020, while Venmo only made $12 from each active user. There are slight differences in transaction costs, but most of this comes from the fact that CashApp is used more for cryptocurrency transactions. This is something Venmo can easily replicate.\nIn terms of growth though, Venmo can go much farther. Originally, Venmo was conceived as a peer-to-peer payment system, but this is quickly moving to businesses too. Amazon.com (AMZN) will be accepting Venmo payments starting in 2022, and I believe this will see significant success.\nVenmo has a place in the mobile phones of 65 million people, and this is somethingPayPal can leverage to its advantage moving forward.\nThe other big reason I will continue to holdPayPal is its incredible Balance Sheet, and all the growth opportunities this opens.PayPal has $13.29 billion in cash and negative net debt. It has a much stronger balance sheet than its most established peers, such as Mastercard Corporation (MA). It's now time forPayPal to put this money to good use to expand its platform, especially internationally, something we already got a taste of in the last investor presentation.\nSource: Investor Presentation\nOn September 7th, it was announced thatPayPal was acquiring Paidy, which uses artificial intelligence to find out the creditworthiness of its users and offers payment instalment plans. This is just one example of howPayPal can enter new markets and expand its footprint. Much like I argued before with Shopify,PayPal can now leverage Paidy to also push its other payment platforms into the Japanese market. I am very excited to see what other acquisitionsPayPal will make.\nTakeaway\nIn conclusion, and referring back to the thesis summary, I see no material reason why shares ofPayPal should continue to depreciate. Exogenous factors haven't changed, competition has always been tough and the company is still on track to deliver on its medium and long term growth targets.PayPal offers investors growth at a reasonable price, and that is hard to come by these days.","news_type":1,"symbols_score_info":{"PYPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2749,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878092037,"gmtCreate":1637120308618,"gmtModify":1637120308834,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Raised guidance on eCommerce is good, but low margin business unit.","listText":"Raised guidance on eCommerce is good, but low margin business unit.","text":"Raised guidance on eCommerce is good, but low margin business unit.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/878092037","repostId":"2184889903","repostType":2,"isVote":1,"tweetType":1,"viewCount":2804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842316348,"gmtCreate":1636132796379,"gmtModify":1636133434775,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Both companies have done well for humanity.","listText":"Both companies have done well for humanity.","text":"Both companies have done well for humanity.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842316348","repostId":"1188368870","repostType":2,"isVote":1,"tweetType":1,"viewCount":3112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848553873,"gmtCreate":1636014274728,"gmtModify":1636014274987,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Looking at the call options chain expiring 110521, a $1,200 callbreakeven price is at $1,260.&nbsp;","listText":"Looking at the call options chain expiring 110521, a $1,200 callbreakeven price is at $1,260.&nbsp;","text":"Looking at the call options chain expiring 110521, a $1,200 callbreakeven price is at $1,260.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848553873","repostId":"1184547180","repostType":4,"repost":{"id":"1184547180","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":1636013921,"share":"https://www.laohu8.com/m/news/1184547180?lang=zh_CN&edition=full","pubTime":"2021-11-04 16:18","market":"us","language":"en","title":"Tesla shares surged more than 2% to a new high in premarket trading<blockquote>特斯拉股价在盘前交易中飙升逾2%至新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184547180","media":"Tiger Newspress","summary":"Tesla shares surged more than 2% to a new high in premarket trading.","content":"<p>Tesla shares surged more&nbsp;than&nbsp;2% to a new high in premarket trading.</p><p><blockquote>特斯拉股价在盘前交易中飙升逾2%，创下新高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e3a05912968b722506b7360bb563f229\" tg-width=\"850\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla shares surged more than 2% to a new high in premarket trading<blockquote>特斯拉股价在盘前交易中飙升逾2%至新高</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; 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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\">\nTesla shares surged more than 2% to a new high in premarket trading<blockquote>特斯拉股价在盘前交易中飙升逾2%至新高</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 16:18</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla shares surged more&nbsp;than&nbsp;2% to a new high in premarket trading.</p><p><blockquote>特斯拉股价在盘前交易中飙升逾2%，创下新高。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e3a05912968b722506b7360bb563f229\" tg-width=\"850\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184547180","content_text":"Tesla shares surged more than 2% to a new high in premarket trading.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2844,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849724325,"gmtCreate":1635778628750,"gmtModify":1635778628865,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Baba moving higher&nbsp;lows, higher high&nbsp;","listText":"Baba moving higher&nbsp;lows, higher high&nbsp;","text":"Baba moving higher lows, higher high","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/849724325","repostId":"1183354594","repostType":4,"repost":{"id":"1183354594","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":1635775510,"share":"https://www.laohu8.com/m/news/1183354594?lang=zh_CN&edition=full","pubTime":"2021-11-01 22:05","market":"us","language":"en","title":"Chinese e-commerce stocks rose sharply on Monday<blockquote>中国电商股周一大幅上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183354594","media":"Tiger Newspress","summary":"Chinese e-commerce stocks rose sharply on Monday.Alibaba,JD.com,Pinduoduo,Vipshop&nbsp;and&nbsp;Baozun&nbsp;all&nbsp;surged&nbsp;more&nbsp;than&nbsp;3%.","content":"<p>Chinese e-commerce stocks rose sharply on Monday.Alibaba,JD.com,Pinduoduo,Vipshop&nbsp;and&nbsp;Baozun&nbsp;all&nbsp;surged&nbsp;more&nbsp;than&nbsp;3%.</p><p><blockquote>中国电商股周一大幅上涨，阿里巴巴、京东、拼多多、唯品会、宝尊均大涨逾3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f34ff03fe341c79c9f7a18ea4662bfcf\" tg-width=\"400\" tg-height=\"302\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese e-commerce stocks rose sharply on Monday<blockquote>中国电商股周一大幅上涨</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\">\nChinese e-commerce stocks rose sharply on Monday<blockquote>中国电商股周一大幅上涨</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\">2021-11-01 22:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Chinese e-commerce stocks rose sharply on Monday.Alibaba,JD.com,Pinduoduo,Vipshop&nbsp;and&nbsp;Baozun&nbsp;all&nbsp;surged&nbsp;more&nbsp;than&nbsp;3%.</p><p><blockquote>中国电商股周一大幅上涨，阿里巴巴、京东、拼多多、唯品会、宝尊均大涨逾3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f34ff03fe341c79c9f7a18ea4662bfcf\" tg-width=\"400\" tg-height=\"302\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183354594","content_text":"Chinese e-commerce stocks rose sharply on Monday.Alibaba,JD.com,Pinduoduo,Vipshop and Baozun all surged more than 3%.","news_type":1,"symbols_score_info":{"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849722667,"gmtCreate":1635778546792,"gmtModify":1635778546903,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Resistance @$22","listText":"Resistance @$22","text":"Resistance @$22","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849722667","repostId":"1121970113","repostType":4,"isVote":1,"tweetType":1,"viewCount":2734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854595781,"gmtCreate":1635466716077,"gmtModify":1635466868258,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Despite coming in below Wall Street expectation, double digit growth in a Trillion dollar company is a highly respectable feat. 83% growth in China!! Wow!! 👏🏻👏🏻👏🏻👏🏻 Still will continue to accumulate on dips&nbsp;","listText":"Despite coming in below Wall Street expectation, double digit growth in a Trillion dollar company is a highly respectable feat. 83% growth in China!! Wow!! 👏🏻👏🏻👏🏻👏🏻 Still will continue to accumulate on dips&nbsp;","text":"Despite coming in below Wall Street expectation, double digit growth in a Trillion dollar company is a highly respectable feat. 83% growth in China!! Wow!! 👏🏻👏🏻👏🏻👏🏻 Still will continue to accumulate on dips","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854595781","repostId":"1178207364","repostType":4,"repost":{"id":"1178207364","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":1635460531,"share":"https://www.laohu8.com/m/news/1178207364?lang=zh_CN&edition=full","pubTime":"2021-10-29 06:35","market":"us","language":"en","title":"Apple sales miss expectations, supply issues cost company $6 billion<blockquote>苹果销量未达预期，供应问题导致公司损失60亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1178207364","media":"Tiger Newspress","summary":"Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs.\"We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion,\" Cook said. \"The supply constraints were driven by the industry wide chip shortages that have been talked about a lot, and COVID-related manufacturing disruptions in Southe","content":"<p>Apple&nbsp;revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday,&nbsp;which Apple CEO Tim Cook attributed to larger-than-expected supply constraints&nbsp;on iPhones, iPads, and Macs.</p><p><blockquote>周四，苹果第四财季营收不及华尔街预期，苹果CEO Tim Cook将此归因于iPhone、iPad和Mac的供应限制超出预期。</blockquote></p><p> Apple fell 3.7% in extended trading.</p><p><blockquote>苹果盘后交易中下跌3.7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd3b61df2acaab5e8ff56c1872221c60\" tg-width=\"847\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> \"We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion,\" Cook said. \"The supply constraints were driven by the industry wide chip shortages that have been talked about a lot, and COVID-related manufacturing disruptions in Southeast Asia.\"Cook said that the impact will be even worse during the current holiday sales quarter.</p><p><blockquote>库克表示：“尽管供应限制超出预期，我们估计供应限制约为60亿美元，但我们的表现非常强劲。”“供应限制是由备受关注的全行业芯片短缺以及东南亚与新冠疫情相关的制造业中断造成的。”库克表示，在当前的假日销售季度，影响将更加严重。</blockquote></p><p> However, Apple's overall revenue was still up 29%&nbsp;and each of its product categories grew on an annual basis.</p><p><blockquote>然而，苹果的整体收入仍增长了29%，其每个产品类别均同比增长。</blockquote></p><p> Here's how Apple did versus Refinitiv consensus estimates:</p><p><blockquote>以下是苹果与Refinitiv共识估计的表现：</blockquote></p><p> <ul>  <li><b>EPS:</b>&nbsp;$1.24 vs. $1.24&nbsp;estimated</li>  <li><b>Revenue:</b>&nbsp;$83.36&nbsp;billion&nbsp;&nbsp;vs.&nbsp;$84.85&nbsp;billion&nbsp;estimated, up 29% year-over-year</li>  <li><b>iPhone revenue:</b>&nbsp;$38.87&nbsp;billion&nbsp;vs. $41.51&nbsp;billion&nbsp;estimated, up 47% year-over-year</li>  <li><b>Services revenue:</b>&nbsp;$18.28&nbsp;billion&nbsp;vs. $17.64&nbsp;billion&nbsp;estimated,&nbsp;up 25.6% year-over-year</li>  <li><b>Other Products revenue:</b>&nbsp;$8.79&nbsp;billion&nbsp;vs. $9.33&nbsp;billion&nbsp;estimated, up 11.5% year-over-year</li>  <li><b>Mac revenue:</b>&nbsp;$9.18&nbsp;billion&nbsp;vs. $9.23&nbsp;billion&nbsp;estimated, up 1.6% year-over-year</li>  <li><b>iPad revenue:</b>&nbsp;$8.25&nbsp;billion&nbsp;vs. $7.23&nbsp;billion&nbsp;estimated, up 21.4% year-over-year</li>  <li><b>Gross margin:</b>&nbsp;42.2% vs. 42.0% estimated</li> </ul> iPhone sales were up 47% year-over-year, but still came in under Wall Street estimates.</p><p><blockquote><ul><li><b>EPS：</b>1.24美元与预估1.24美元</li><li><b>收入：</b>833.6亿美元，预期848.5亿美元，同比增长29%</li><li><b>iPhone收入：</b>388.7亿美元对比。预计415.1亿美元，同比增长47%</li><li><b>服务收入：</b>182.8亿美元对比。预计176.4亿美元，同比增长25.6%</li><li><b>其他产品收入：</b>87.9亿美元对比。预计93.3亿美元，同比增长11.5%</li><li><b>Mac收入：</b>91.8亿美元对比。预计92.3亿美元，同比增长1.6%</li><li><b>iPad收入：</b>82.5亿美元对比。预计72.3亿美元，同比增长21.4%</li><li><b>毛利率：</b>42.2%vs.估计值42.0%</li></ul>iPhone销量同比增长47%，但仍低于华尔街的预期。</blockquote></p><p> Apple's results were mixed in a fiscal fourth quarter seen as a lull before the high-sales holiday end of year.</p><p><blockquote>苹果第四财季的业绩好坏参半，被视为年底高销售假期之前的平静期。</blockquote></p><p> Apple said revenues and profits for the fiscal fourth quarter were $83.4 billion and $1.24 per share, compared with analyst estimates of $84.8 billion and $1.24 per share, according to IBES data from Refinitiv.</p><p><blockquote>根据Refinitiv的IBES数据，苹果表示，第四财季营收和利润分别为834亿美元和每股1.24美元，而分析师预期为848亿美元和每股1.24美元。</blockquote></p><p> The results were a rocky end to a fiscal year of above-expectations sales led by its iPhone 12 models and strong sales of Mac computers and iPads for working and learning from home during the COVID-19 pandemic.</p><p><blockquote>这一结果为本财年的销售超出预期画上了一个艰难的句号，该财年由iPhone 12机型以及用于在家工作和学习的Mac电脑和iPad的强劲销售引领。</blockquote></p><p> Apple told investors in July that chip constraints would start to hit its iPhone and iPad lineups for the first time in the fourth quarter.</p><p><blockquote>苹果在7月份告诉投资者，芯片限制将在第四季度首次开始影响其iPhone和iPad产品线。</blockquote></p><p> Apple posted its results shortly after retailer Amazon.com&nbsp;forecast holiday-quarter sales well below Wall Street expectations, citing labor supply shortages and global supply chain issues in part.</p><p><blockquote>在零售商亚马逊预测假日季销售额远低于华尔街预期后不久，苹果公布了业绩，部分原因是劳动力供应短缺和全球供应链问题。</blockquote></p><p> Apple has \"managed to navigate the problems fairly well, but hasn’t escaped unscathed, and an extended duration of these problems will spell trouble, especially because the market is unforgiving when it comes to Apple’s performance,\" said Sophie Lund-Yates, equity analyst at Hargreaves Lansdown.</p><p><blockquote>索菲·伦德-耶茨(Sophie Lund-Yates)表示，苹果“相当好地解决了这些问题，但也未能毫发无损，这些问题持续时间的延长将带来麻烦，特别是因为市场对苹果的表现是无情的”。Hargreaves Lansdown的股票分析师。</blockquote></p><p> <b>MISSES</b></p><p><blockquote><b>未命中</b></blockquote></p><p> Apple missed expectations in two key categories.</p><p><blockquote>苹果在两个关键类别上未达到预期。</blockquote></p><p> Apple said fourth-quarter iPhone sales were $38.9 billion, short of estimates of $41.5 billion, according to Refinitiv data.</p><p><blockquote>根据Refinitiv的数据，苹果表示，第四季度iPhone销售额为389亿美元，低于预期的415亿美元。</blockquote></p><p> Cook said that chips made with older technology remain the key supply constraint. He said that Apple remains unsure whether the shortages will ease after the holiday shopping season.</p><p><blockquote>库克表示，采用旧技术制造的芯片仍然是关键的供应限制。他表示，苹果仍不确定假期购物季后短缺情况是否会缓解。</blockquote></p><p> \"It's very difficult to call,\" Cook said.</p><p><blockquote>“这对看涨期权来说非常困难，”Cook说。</blockquote></p><p> The company's accessories segment, which contains fast-growing categories like its AirPods wireless headphones, came in at $8.8 billion, half a billion dollars lower than analyst expectations of $9.3 billion, according to Refinitiv data.</p><p><blockquote>根据Refinitiv的数据，该公司的配件部门包括AirPods无线耳机等快速增长的类别，收入为88亿美元，比分析师预期的93亿美元低5亿美元。</blockquote></p><p> Other segments fared better. Sales for iPads and Macs were $8.3 billion and $9.2 billion, compared with analyst estimates of $7.2 billion and $9.2 billion, according to Refinitiv data.</p><p><blockquote>其他细分市场表现较好。根据Refinitiv的数据，iPad和Mac的销售额分别为83亿美元和92亿美元，而分析师预计为72亿美元和92亿美元。</blockquote></p><p> The company's services segment - which contains its App Store business - had sales of $18.3 billion in revenue, up 26%, compared with analyst expectations of $17.6 billion. Cook said that Apple now has 745 million paid subscribers to its platform, up from the 700 million it disclosed a quarter ago.</p><p><blockquote>该公司的服务部门（包括App Store业务）销售额为183亿美元，增长26%，而分析师预期为176亿美元。Cook表示，苹果目前在其平台上拥有7.45亿付费用户，高于一个季度前披露的7亿。</blockquote></p><p> \"Services were strong, and it shows the beauty and durability of software and services, as there are better margins and no supply issues, since software doesn't arrive on a container ship,\" said Hal Eddins, chief economist at Apple shareholder Capital Investment Companies.</p><p><blockquote>苹果股东资本首席经济学家哈尔·埃丁斯(Hal Eddins)表示：“服务表现强劲，这显示了软件和服务的美观和耐用性，因为利润率更高，而且不存在供应问题，因为软件不会通过集装箱船到达。”投资公司。</blockquote></p><p> Another bright spot in the company's results were its sales in China, which were up 83% to $14.6 billion.</p><p><blockquote>该公司业绩的另一个亮点是在中国的销售额，增长了83%，达到146亿美元。</blockquote></p><p> The company said it returned $24 billion to shareholders during the quarter.</p><p><blockquote>该公司表示，本季度向股东返还了240亿美元。</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>Apple sales miss expectations, supply issues cost company $6 billion<blockquote>苹果销量未达预期，供应问题导致公司损失60亿美元</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{ 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}\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\">\nApple sales miss expectations, supply issues cost company $6 billion<blockquote>苹果销量未达预期，供应问题导致公司损失60亿美元</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\">2021-10-29 06:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday,&nbsp;which Apple CEO Tim Cook attributed to larger-than-expected supply constraints&nbsp;on iPhones, iPads, and Macs.</p><p><blockquote>周四，苹果第四财季营收不及华尔街预期，苹果CEO Tim Cook将此归因于iPhone、iPad和Mac的供应限制超出预期。</blockquote></p><p> Apple fell 3.7% in extended trading.</p><p><blockquote>苹果盘后交易中下跌3.7%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd3b61df2acaab5e8ff56c1872221c60\" tg-width=\"847\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> \"We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion,\" Cook said. \"The supply constraints were driven by the industry wide chip shortages that have been talked about a lot, and COVID-related manufacturing disruptions in Southeast Asia.\"Cook said that the impact will be even worse during the current holiday sales quarter.</p><p><blockquote>库克表示：“尽管供应限制超出预期，我们估计供应限制约为60亿美元，但我们的表现非常强劲。”“供应限制是由备受关注的全行业芯片短缺以及东南亚与新冠疫情相关的制造业中断造成的。”库克表示，在当前的假日销售季度，影响将更加严重。</blockquote></p><p> However, Apple's overall revenue was still up 29%&nbsp;and each of its product categories grew on an annual basis.</p><p><blockquote>然而，苹果的整体收入仍增长了29%，其每个产品类别均同比增长。</blockquote></p><p> Here's how Apple did versus Refinitiv consensus estimates:</p><p><blockquote>以下是苹果与Refinitiv共识估计的表现：</blockquote></p><p> <ul>  <li><b>EPS:</b>&nbsp;$1.24 vs. $1.24&nbsp;estimated</li>  <li><b>Revenue:</b>&nbsp;$83.36&nbsp;billion&nbsp;&nbsp;vs.&nbsp;$84.85&nbsp;billion&nbsp;estimated, up 29% year-over-year</li>  <li><b>iPhone revenue:</b>&nbsp;$38.87&nbsp;billion&nbsp;vs. $41.51&nbsp;billion&nbsp;estimated, up 47% year-over-year</li>  <li><b>Services revenue:</b>&nbsp;$18.28&nbsp;billion&nbsp;vs. $17.64&nbsp;billion&nbsp;estimated,&nbsp;up 25.6% year-over-year</li>  <li><b>Other Products revenue:</b>&nbsp;$8.79&nbsp;billion&nbsp;vs. $9.33&nbsp;billion&nbsp;estimated, up 11.5% year-over-year</li>  <li><b>Mac revenue:</b>&nbsp;$9.18&nbsp;billion&nbsp;vs. $9.23&nbsp;billion&nbsp;estimated, up 1.6% year-over-year</li>  <li><b>iPad revenue:</b>&nbsp;$8.25&nbsp;billion&nbsp;vs. $7.23&nbsp;billion&nbsp;estimated, up 21.4% year-over-year</li>  <li><b>Gross margin:</b>&nbsp;42.2% vs. 42.0% estimated</li> </ul> iPhone sales were up 47% year-over-year, but still came in under Wall Street estimates.</p><p><blockquote><ul><li><b>EPS：</b>1.24美元与预估1.24美元</li><li><b>收入：</b>833.6亿美元，预期848.5亿美元，同比增长29%</li><li><b>iPhone收入：</b>388.7亿美元对比。预计415.1亿美元，同比增长47%</li><li><b>服务收入：</b>182.8亿美元对比。预计176.4亿美元，同比增长25.6%</li><li><b>其他产品收入：</b>87.9亿美元对比。预计93.3亿美元，同比增长11.5%</li><li><b>Mac收入：</b>91.8亿美元对比。预计92.3亿美元，同比增长1.6%</li><li><b>iPad收入：</b>82.5亿美元对比。预计72.3亿美元，同比增长21.4%</li><li><b>毛利率：</b>42.2%vs.估计值42.0%</li></ul>iPhone销量同比增长47%，但仍低于华尔街的预期。</blockquote></p><p> Apple's results were mixed in a fiscal fourth quarter seen as a lull before the high-sales holiday end of year.</p><p><blockquote>苹果第四财季的业绩好坏参半，被视为年底高销售假期之前的平静期。</blockquote></p><p> Apple said revenues and profits for the fiscal fourth quarter were $83.4 billion and $1.24 per share, compared with analyst estimates of $84.8 billion and $1.24 per share, according to IBES data from Refinitiv.</p><p><blockquote>根据Refinitiv的IBES数据，苹果表示，第四财季营收和利润分别为834亿美元和每股1.24美元，而分析师预期为848亿美元和每股1.24美元。</blockquote></p><p> The results were a rocky end to a fiscal year of above-expectations sales led by its iPhone 12 models and strong sales of Mac computers and iPads for working and learning from home during the COVID-19 pandemic.</p><p><blockquote>这一结果为本财年的销售超出预期画上了一个艰难的句号，该财年由iPhone 12机型以及用于在家工作和学习的Mac电脑和iPad的强劲销售引领。</blockquote></p><p> Apple told investors in July that chip constraints would start to hit its iPhone and iPad lineups for the first time in the fourth quarter.</p><p><blockquote>苹果在7月份告诉投资者，芯片限制将在第四季度首次开始影响其iPhone和iPad产品线。</blockquote></p><p> Apple posted its results shortly after retailer Amazon.com&nbsp;forecast holiday-quarter sales well below Wall Street expectations, citing labor supply shortages and global supply chain issues in part.</p><p><blockquote>在零售商亚马逊预测假日季销售额远低于华尔街预期后不久，苹果公布了业绩，部分原因是劳动力供应短缺和全球供应链问题。</blockquote></p><p> Apple has \"managed to navigate the problems fairly well, but hasn’t escaped unscathed, and an extended duration of these problems will spell trouble, especially because the market is unforgiving when it comes to Apple’s performance,\" said Sophie Lund-Yates, equity analyst at Hargreaves Lansdown.</p><p><blockquote>索菲·伦德-耶茨(Sophie Lund-Yates)表示，苹果“相当好地解决了这些问题，但也未能毫发无损，这些问题持续时间的延长将带来麻烦，特别是因为市场对苹果的表现是无情的”。Hargreaves Lansdown的股票分析师。</blockquote></p><p> <b>MISSES</b></p><p><blockquote><b>未命中</b></blockquote></p><p> Apple missed expectations in two key categories.</p><p><blockquote>苹果在两个关键类别上未达到预期。</blockquote></p><p> Apple said fourth-quarter iPhone sales were $38.9 billion, short of estimates of $41.5 billion, according to Refinitiv data.</p><p><blockquote>根据Refinitiv的数据，苹果表示，第四季度iPhone销售额为389亿美元，低于预期的415亿美元。</blockquote></p><p> Cook said that chips made with older technology remain the key supply constraint. He said that Apple remains unsure whether the shortages will ease after the holiday shopping season.</p><p><blockquote>库克表示，采用旧技术制造的芯片仍然是关键的供应限制。他表示，苹果仍不确定假期购物季后短缺情况是否会缓解。</blockquote></p><p> \"It's very difficult to call,\" Cook said.</p><p><blockquote>“这对看涨期权来说非常困难，”Cook说。</blockquote></p><p> The company's accessories segment, which contains fast-growing categories like its AirPods wireless headphones, came in at $8.8 billion, half a billion dollars lower than analyst expectations of $9.3 billion, according to Refinitiv data.</p><p><blockquote>根据Refinitiv的数据，该公司的配件部门包括AirPods无线耳机等快速增长的类别，收入为88亿美元，比分析师预期的93亿美元低5亿美元。</blockquote></p><p> Other segments fared better. Sales for iPads and Macs were $8.3 billion and $9.2 billion, compared with analyst estimates of $7.2 billion and $9.2 billion, according to Refinitiv data.</p><p><blockquote>其他细分市场表现较好。根据Refinitiv的数据，iPad和Mac的销售额分别为83亿美元和92亿美元，而分析师预计为72亿美元和92亿美元。</blockquote></p><p> The company's services segment - which contains its App Store business - had sales of $18.3 billion in revenue, up 26%, compared with analyst expectations of $17.6 billion. Cook said that Apple now has 745 million paid subscribers to its platform, up from the 700 million it disclosed a quarter ago.</p><p><blockquote>该公司的服务部门（包括App Store业务）销售额为183亿美元，增长26%，而分析师预期为176亿美元。Cook表示，苹果目前在其平台上拥有7.45亿付费用户，高于一个季度前披露的7亿。</blockquote></p><p> \"Services were strong, and it shows the beauty and durability of software and services, as there are better margins and no supply issues, since software doesn't arrive on a container ship,\" said Hal Eddins, chief economist at Apple shareholder Capital Investment Companies.</p><p><blockquote>苹果股东资本首席经济学家哈尔·埃丁斯(Hal Eddins)表示：“服务表现强劲，这显示了软件和服务的美观和耐用性，因为利润率更高，而且不存在供应问题，因为软件不会通过集装箱船到达。”投资公司。</blockquote></p><p> Another bright spot in the company's results were its sales in China, which were up 83% to $14.6 billion.</p><p><blockquote>该公司业绩的另一个亮点是在中国的销售额，增长了83%，达到146亿美元。</blockquote></p><p> The company said it returned $24 billion to shareholders during the quarter.</p><p><blockquote>该公司表示，本季度向股东返还了240亿美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178207364","content_text":"Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs.\nApple fell 3.7% in extended trading.\n\n\"We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion,\" Cook said. \"The supply constraints were driven by the industry wide chip shortages that have been talked about a lot, and COVID-related manufacturing disruptions in Southeast Asia.\"Cook said that the impact will be even worse during the current holiday sales quarter.\nHowever, Apple's overall revenue was still up 29% and each of its product categories grew on an annual basis.\nHere's how Apple did versus Refinitiv consensus estimates:\n\nEPS: $1.24 vs. $1.24 estimated\nRevenue: $83.36 billion  vs. $84.85 billion estimated, up 29% year-over-year\niPhone revenue: $38.87 billion vs. $41.51 billion estimated, up 47% year-over-year\nServices revenue: $18.28 billion vs. $17.64 billion estimated, up 25.6% year-over-year\nOther Products revenue: $8.79 billion vs. $9.33 billion estimated, up 11.5% year-over-year\nMac revenue: $9.18 billion vs. $9.23 billion estimated, up 1.6% year-over-year\niPad revenue: $8.25 billion vs. $7.23 billion estimated, up 21.4% year-over-year\nGross margin: 42.2% vs. 42.0% estimated\n\niPhone sales were up 47% year-over-year, but still came in under Wall Street estimates.\nApple's results were mixed in a fiscal fourth quarter seen as a lull before the high-sales holiday end of year.\nApple said revenues and profits for the fiscal fourth quarter were $83.4 billion and $1.24 per share, compared with analyst estimates of $84.8 billion and $1.24 per share, according to IBES data from Refinitiv.\nThe results were a rocky end to a fiscal year of above-expectations sales led by its iPhone 12 models and strong sales of Mac computers and iPads for working and learning from home during the COVID-19 pandemic.\nApple told investors in July that chip constraints would start to hit its iPhone and iPad lineups for the first time in the fourth quarter.\nApple posted its results shortly after retailer Amazon.com forecast holiday-quarter sales well below Wall Street expectations, citing labor supply shortages and global supply chain issues in part.\nApple has \"managed to navigate the problems fairly well, but hasn’t escaped unscathed, and an extended duration of these problems will spell trouble, especially because the market is unforgiving when it comes to Apple’s performance,\" said Sophie Lund-Yates, equity analyst at Hargreaves Lansdown.\nMISSES\nApple missed expectations in two key categories.\nApple said fourth-quarter iPhone sales were $38.9 billion, short of estimates of $41.5 billion, according to Refinitiv data.\nCook said that chips made with older technology remain the key supply constraint. He said that Apple remains unsure whether the shortages will ease after the holiday shopping season.\n\"It's very difficult to call,\" Cook said.\nThe company's accessories segment, which contains fast-growing categories like its AirPods wireless headphones, came in at $8.8 billion, half a billion dollars lower than analyst expectations of $9.3 billion, according to Refinitiv data.\nOther segments fared better. Sales for iPads and Macs were $8.3 billion and $9.2 billion, compared with analyst estimates of $7.2 billion and $9.2 billion, according to Refinitiv data.\nThe company's services segment - which contains its App Store business - had sales of $18.3 billion in revenue, up 26%, compared with analyst expectations of $17.6 billion. Cook said that Apple now has 745 million paid subscribers to its platform, up from the 700 million it disclosed a quarter ago.\n\"Services were strong, and it shows the beauty and durability of software and services, as there are better margins and no supply issues, since software doesn't arrive on a container ship,\" said Hal Eddins, chief economist at Apple shareholder Capital Investment Companies.\nAnother bright spot in the company's results were its sales in China, which were up 83% to $14.6 billion.\nThe company said it returned $24 billion to shareholders during the quarter.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":855154780,"gmtCreate":1635345136422,"gmtModify":1635345502932,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Still good for long term buy","listText":"Still good for long term buy","text":"Still good for long term buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/855154780","repostId":"2178402128","repostType":2,"isVote":1,"tweetType":1,"viewCount":934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853154968,"gmtCreate":1634782329986,"gmtModify":1634782330201,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"beyond EV, services like car insurance&nbsp;would be an important revenue stream.&nbsp;","listText":"beyond EV, services like car insurance&nbsp;would be an important revenue stream.&nbsp;","text":"beyond EV, services like car insurance would be an important revenue stream.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853154968","repostId":"1181020907","repostType":4,"repost":{"id":"1181020907","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":1634769732,"share":"https://www.laohu8.com/m/news/1181020907?lang=zh_CN&edition=full","pubTime":"2021-10-21 06:42","market":"us","language":"en","title":"Tesla beats Q3 revenue estimates but supply-chain problems impacting factories<blockquote>特斯拉第三季度收入超出预期，但供应链问题影响工厂</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181020907","media":"Tiger Newspress","summary":"Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.Tesla said it aims to increase production in the fourth quarter from the previous quarter, adding that \"the magnitude of growth will be determined largely by outside factors.\". Tesla, the world's most valuable automaker, has weathered the pandemic and the global supply-chain crisis better","content":"<p>Tesla Inc&nbsp;on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.</p><p><blockquote>特斯拉公司周三公布的第三季度营收超出了华尔街预期，交付量创历史新高，这家电动汽车制造商克服了全球芯片和原材料长期短缺的问题。</blockquote></p><p> Tesla said it aims to increase production in the fourth quarter from the previous quarter, adding that \"the magnitude of growth will be determined largely by outside factors.\"</p><p><blockquote>特斯拉表示，其目标是在第四季度环比增加产量，并补充说“增长幅度将在很大程度上取决于外部因素。”</blockquote></p><p> \"A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,\" the company said.</p><p><blockquote>该公司表示：“半导体短缺、港口拥堵和轮流停电等各种挑战一直在影响我们保持工厂全速运转的能力。”</blockquote></p><p> Tesla, the world's most valuable automaker, has weathered the pandemic and the global supply-chain crisis better than rivals, posting record revenue for the fifth consecutive quarter in the July to September period, fueled by a production ramp-up at its Chinese factory.</p><p><blockquote>全球最有价值的汽车制造商特斯拉比竞争对手更好地抵御了疫情和全球供应链危机，在中国工厂产量增加的推动下，7月至9月期间连续第五个季度实现创纪录的收入。</blockquote></p><p> Led by billionaire Elon Musk, Tesla faces challenges of maintaining its growth in the face of a prolonged chip shortage, with its factories starting production in Berlin and Texas this year.</p><p><blockquote>在亿万富翁Elon Musk的领导下，特斯拉面临着在芯片长期短缺的情况下保持增长的挑战，其工厂今年在柏林和德克萨斯开始生产。</blockquote></p><p> Tesla shares, up about 23% this year, were down about 1.6% in extended trade late on Wednesday.</p><p><blockquote>特斯拉股价今年上涨约23%，周三尾盘交易中下跌约1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d998d6369e593952a4c3d57b9224c4a6\" tg-width=\"848\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Revenue rose to $13.76 billion from $8.77 billion a year earlier. Analysts had expected revenue of about $13.63 billion, according to IBES data from Refinitiv.</p><p><blockquote>收入从去年同期的87.7亿美元增至137.6亿美元。根据Refinitiv的IBES数据，分析师此前预计营收约为136.3亿美元。</blockquote></p><p> Tesla's automotive gross margin, excluding environmental credits, rose to 28.8%, from 25.8% the previous quarter.</p><p><blockquote>特斯拉汽车毛利率（不包括环境信贷）从上一季度的25.8%升至28.8%。</blockquote></p><p> Tesla has been raising prices in the United States, which helped cushion the impact of the supply-chain costs, analysts said.</p><p><blockquote>分析师表示，特斯拉一直在提高美国的价格，这有助于缓冲供应链成本的影响。</blockquote></p><p> \"Tesla's average selling price (ASP) of vehicles were higher than expected and the U.S. market drove that,\" said Gene Munster, managing partner at venture capital firm Loup Ventures, an investor in Tesla. Tesla said its ongoing cost-cutting efforts helped counter the declines in its ASPs stemming from sales of lower-priced vehicles like the Model 3 and Model Y.</p><p><blockquote>特斯拉投资者、风险投资公司Loup Ventures的管理合伙人吉恩·蒙斯特(Gene Munster)表示：“特斯拉汽车的平均售价(ASP)高于预期，美国市场推动了这一趋势。”特斯拉表示，其持续的成本削减努力有助于应对因Model 3和Model Y等低价汽车销售而导致的平均售价下降。</blockquote></p><p> Tesla has cut costs with the use of more Chinese parts including batteries. The company posted robust sales in China, where its Shanghai factory has surpassed the Tesla factory in Fremont, California, in terms of production.</p><p><blockquote>特斯拉通过使用包括电池在内的更多中国零部件来削减成本。该公司在中国的销售表现强劲，其上海工厂的产量已经超过了位于加州弗里蒙特的特斯拉工厂。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bdf4574208dc79952acb2a1ca49c22b2\" tg-width=\"960\" tg-height=\"582\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla beats Q3 revenue estimates but supply-chain problems impacting factories<blockquote>特斯拉第三季度收入超出预期，但供应链问题影响工厂</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; 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}\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\">\nTesla beats Q3 revenue estimates but supply-chain problems impacting factories<blockquote>特斯拉第三季度收入超出预期，但供应链问题影响工厂</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\">2021-10-21 06:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla Inc&nbsp;on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.</p><p><blockquote>特斯拉公司周三公布的第三季度营收超出了华尔街预期，交付量创历史新高，这家电动汽车制造商克服了全球芯片和原材料长期短缺的问题。</blockquote></p><p> Tesla said it aims to increase production in the fourth quarter from the previous quarter, adding that \"the magnitude of growth will be determined largely by outside factors.\"</p><p><blockquote>特斯拉表示，其目标是在第四季度环比增加产量，并补充说“增长幅度将在很大程度上取决于外部因素。”</blockquote></p><p> \"A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,\" the company said.</p><p><blockquote>该公司表示：“半导体短缺、港口拥堵和轮流停电等各种挑战一直在影响我们保持工厂全速运转的能力。”</blockquote></p><p> Tesla, the world's most valuable automaker, has weathered the pandemic and the global supply-chain crisis better than rivals, posting record revenue for the fifth consecutive quarter in the July to September period, fueled by a production ramp-up at its Chinese factory.</p><p><blockquote>全球最有价值的汽车制造商特斯拉比竞争对手更好地抵御了疫情和全球供应链危机，在中国工厂产量增加的推动下，7月至9月期间连续第五个季度实现创纪录的收入。</blockquote></p><p> Led by billionaire Elon Musk, Tesla faces challenges of maintaining its growth in the face of a prolonged chip shortage, with its factories starting production in Berlin and Texas this year.</p><p><blockquote>在亿万富翁Elon Musk的领导下，特斯拉面临着在芯片长期短缺的情况下保持增长的挑战，其工厂今年在柏林和德克萨斯开始生产。</blockquote></p><p> Tesla shares, up about 23% this year, were down about 1.6% in extended trade late on Wednesday.</p><p><blockquote>特斯拉股价今年上涨约23%，周三尾盘交易中下跌约1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d998d6369e593952a4c3d57b9224c4a6\" tg-width=\"848\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Revenue rose to $13.76 billion from $8.77 billion a year earlier. Analysts had expected revenue of about $13.63 billion, according to IBES data from Refinitiv.</p><p><blockquote>收入从去年同期的87.7亿美元增至137.6亿美元。根据Refinitiv的IBES数据，分析师此前预计营收约为136.3亿美元。</blockquote></p><p> Tesla's automotive gross margin, excluding environmental credits, rose to 28.8%, from 25.8% the previous quarter.</p><p><blockquote>特斯拉汽车毛利率（不包括环境信贷）从上一季度的25.8%升至28.8%。</blockquote></p><p> Tesla has been raising prices in the United States, which helped cushion the impact of the supply-chain costs, analysts said.</p><p><blockquote>分析师表示，特斯拉一直在提高美国的价格，这有助于缓冲供应链成本的影响。</blockquote></p><p> \"Tesla's average selling price (ASP) of vehicles were higher than expected and the U.S. market drove that,\" said Gene Munster, managing partner at venture capital firm Loup Ventures, an investor in Tesla. Tesla said its ongoing cost-cutting efforts helped counter the declines in its ASPs stemming from sales of lower-priced vehicles like the Model 3 and Model Y.</p><p><blockquote>特斯拉投资者、风险投资公司Loup Ventures的管理合伙人吉恩·蒙斯特(Gene Munster)表示：“特斯拉汽车的平均售价(ASP)高于预期，美国市场推动了这一趋势。”特斯拉表示，其持续的成本削减努力有助于应对因Model 3和Model Y等低价汽车销售而导致的平均售价下降。</blockquote></p><p> Tesla has cut costs with the use of more Chinese parts including batteries. The company posted robust sales in China, where its Shanghai factory has surpassed the Tesla factory in Fremont, California, in terms of production.</p><p><blockquote>特斯拉通过使用包括电池在内的更多中国零部件来削减成本。该公司在中国的销售表现强劲，其上海工厂的产量已经超过了位于加州弗里蒙特的特斯拉工厂。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bdf4574208dc79952acb2a1ca49c22b2\" tg-width=\"960\" tg-height=\"582\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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":"1181020907","content_text":"Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.\nTesla said it aims to increase production in the fourth quarter from the previous quarter, adding that \"the magnitude of growth will be determined largely by outside factors.\"\n\"A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,\" the company said.\nTesla, the world's most valuable automaker, has weathered the pandemic and the global supply-chain crisis better than rivals, posting record revenue for the fifth consecutive quarter in the July to September period, fueled by a production ramp-up at its Chinese factory.\nLed by billionaire Elon Musk, Tesla faces challenges of maintaining its growth in the face of a prolonged chip shortage, with its factories starting production in Berlin and Texas this year.\nTesla shares, up about 23% this year, were down about 1.6% in extended trade late on Wednesday.\n\nRevenue rose to $13.76 billion from $8.77 billion a year earlier. Analysts had expected revenue of about $13.63 billion, according to IBES data from Refinitiv.\nTesla's automotive gross margin, excluding environmental credits, rose to 28.8%, from 25.8% the previous quarter.\nTesla has been raising prices in the United States, which helped cushion the impact of the supply-chain costs, analysts said.\n\"Tesla's average selling price (ASP) of vehicles were higher than expected and the U.S. market drove that,\" said Gene Munster, managing partner at venture capital firm Loup Ventures, an investor in Tesla. Tesla said its ongoing cost-cutting efforts helped counter the declines in its ASPs stemming from sales of lower-priced vehicles like the Model 3 and Model Y.\nTesla has cut costs with the use of more Chinese parts including batteries. The company posted robust sales in China, where its Shanghai factory has surpassed the Tesla factory in Fremont, California, in terms of production.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1023,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":859139041,"gmtCreate":1634665228085,"gmtModify":1634665228271,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Singapore’s very own unicorn, SEA <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>","listText":"Singapore’s very own unicorn, SEA <a href=\"https://laohu8.com/S/SE\">$Sea Ltd(SE)$</a>","text":"Singapore’s very own unicorn, SEA $Sea Ltd(SE)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/859139041","repostId":"2176796251","repostType":4,"isVote":1,"tweetType":1,"viewCount":949,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":827706988,"gmtCreate":1634521033165,"gmtModify":1634521033367,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Long&nbsp;on ABNB","listText":"Long&nbsp;on ABNB","text":"Long on ABNB","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/827706988","repostId":"1186083850","repostType":4,"isVote":1,"tweetType":1,"viewCount":1042,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":822589234,"gmtCreate":1634142180612,"gmtModify":1634142180700,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Good selection as a portfolio.","listText":"Good selection as a portfolio.","text":"Good selection as a portfolio.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/822589234","repostId":"2175157695","repostType":2,"isVote":1,"tweetType":1,"viewCount":1411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":881643201,"gmtCreate":1631334899703,"gmtModify":1632883065523,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Fair ruling;&nbsp;Short term impact, still&nbsp;Long AAPL.own it not trade.&nbsp;","listText":"Fair ruling;&nbsp;Short term impact, still&nbsp;Long AAPL.own it not trade.&nbsp;","text":"Fair ruling; Short term impact, still Long AAPL.own it not trade.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/881643201","repostId":"1147045390","repostType":4,"repost":{"id":"1147045390","kind":"news","pubTimestamp":1631321547,"share":"https://www.laohu8.com/m/news/1147045390?lang=zh_CN&edition=full","pubTime":"2021-09-11 08:52","market":"us","language":"en","title":"Why Apple’s Risk Is Limited<blockquote>为什么苹果的风险有限</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147045390","media":"Barrons","summary":"Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple  to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30%","content":"<p>Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.</p><p><blockquote>周五的裁决要求苹果允许开发者为通过苹果应用商店下载的应用程序中的购买提供替代支付方式，这给其收入和利润带来了真实但有限的风险。</blockquote></p><p> In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.</p><p><blockquote>在堡垒之夜发行商Epic Games提起的案件中，美国地区法官Yvonne Gonzalez Rogers发布了一项永久禁令，要求苹果（股票代码：AAPL）允许开发者选择在其应用程序中包含替代支付方式的链接。苹果自己的支付系统从大型开发商那里收取30%的提成。</blockquote></p><p> Data from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.</p><p><blockquote>应用追踪器SensorTower的数据显示，2020年，苹果从App Store获得的总收入为723亿美元，产生的费用估计为217亿美元，约占苹果总收入的7%。其中包括在美国的210亿美元支出，产生约63亿美元的费用，约占年收入的2%。</blockquote></p><p> SensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.</p><p><blockquote>SensorTower估计，2020年App Store中的手机游戏支出为476亿美元，产生143亿美元的费用，略低于苹果总收入的5%。</blockquote></p><p> Gene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.</p><p><blockquote>风险投资公司Loup Capital董事总经理、长期跟踪苹果的前卖方分析师吉恩·蒙斯特(Gene Munster)估计，App Store约占该公司利润的14%。但他认为周五裁决的风险有限。</blockquote></p><p> Munster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.</p><p><blockquote>蒙斯特认为大多数应用程序开发人员将留在苹果系统内。他认为整体收入“最多”会受到2%的阻力，利润可能会受到4%的打击。</blockquote></p><p> “After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”</p><p><blockquote>“在这些变化的第一年之后，app store的增长率将恢复正常，”他说。“最重要的是，这最多是一年的逆风，不会改变苹果未来5年的发展方向。”</blockquote></p><p> Evercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.</p><p><blockquote>Evercore ISI分析师Amit Daryanani在一份研究报告中表示，这一裁决对苹果来说是一次挫折，但鉴于苹果有其他方式从商店创收，包括其不断增长的店内广告业务，最终的影响可能是可控的。他指出，苹果实际上在该案中的一个更大问题上取得了胜利：法官驳回了Epic关于App Store是非法垄断的主张。Daryanani估计苹果每股收益面临的风险为2%至4%。</blockquote></p><p> Wedbush analyst Dan Ives told&nbsp;<i>Barron’s</i>&nbsp;he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.</p><p><blockquote>Wedbush分析师Dan Ives告诉<i>巴伦周刊</i>他认为最坏的情况是收入受到3%至4%的打击，并将这种风险描述为“舍入误差”。虽然Ives表示，华尔街原本预计苹果会全面获胜，但这一喜忧参半的决定消除了该股的悬念，投资者可能会因为解决这个问题而松一口气。</blockquote></p><p> The ruling is more a positive for companies like&nbsp;Spotify Technology&nbsp;and&nbsp;Match Group&nbsp;than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97&nbsp;on&nbsp;Friday, while Spotify and March gained 0.7% and&nbsp;4.2%, respectively.</p><p><blockquote>他表示，这一裁决对Spotify Technology和Match Group等公司来说更多的是积极的，而不是对苹果的负面影响。苹果股价周五下跌3.3%，至148.97美元，Spotify和March分别上涨0.7%和4.</blockquote></p><p></p>","source":"lsy1601382232898","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 Apple’s Risk Is Limited<blockquote>为什么苹果的风险有限</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 Apple’s Risk Is Limited<blockquote>为什么苹果的风险有限</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-09-11 08:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.</p><p><blockquote>周五的裁决要求苹果允许开发者为通过苹果应用商店下载的应用程序中的购买提供替代支付方式，这给其收入和利润带来了真实但有限的风险。</blockquote></p><p> In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.</p><p><blockquote>在堡垒之夜发行商Epic Games提起的案件中，美国地区法官Yvonne Gonzalez Rogers发布了一项永久禁令，要求苹果（股票代码：AAPL）允许开发者选择在其应用程序中包含替代支付方式的链接。苹果自己的支付系统从大型开发商那里收取30%的提成。</blockquote></p><p> Data from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.</p><p><blockquote>应用追踪器SensorTower的数据显示，2020年，苹果从App Store获得的总收入为723亿美元，产生的费用估计为217亿美元，约占苹果总收入的7%。其中包括在美国的210亿美元支出，产生约63亿美元的费用，约占年收入的2%。</blockquote></p><p> SensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.</p><p><blockquote>SensorTower估计，2020年App Store中的手机游戏支出为476亿美元，产生143亿美元的费用，略低于苹果总收入的5%。</blockquote></p><p> Gene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.</p><p><blockquote>风险投资公司Loup Capital董事总经理、长期跟踪苹果的前卖方分析师吉恩·蒙斯特(Gene Munster)估计，App Store约占该公司利润的14%。但他认为周五裁决的风险有限。</blockquote></p><p> Munster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.</p><p><blockquote>蒙斯特认为大多数应用程序开发人员将留在苹果系统内。他认为整体收入“最多”会受到2%的阻力，利润可能会受到4%的打击。</blockquote></p><p> “After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”</p><p><blockquote>“在这些变化的第一年之后，app store的增长率将恢复正常，”他说。“最重要的是，这最多是一年的逆风，不会改变苹果未来5年的发展方向。”</blockquote></p><p> Evercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.</p><p><blockquote>Evercore ISI分析师Amit Daryanani在一份研究报告中表示，这一裁决对苹果来说是一次挫折，但鉴于苹果有其他方式从商店创收，包括其不断增长的店内广告业务，最终的影响可能是可控的。他指出，苹果实际上在该案中的一个更大问题上取得了胜利：法官驳回了Epic关于App Store是非法垄断的主张。Daryanani估计苹果每股收益面临的风险为2%至4%。</blockquote></p><p> Wedbush analyst Dan Ives told&nbsp;<i>Barron’s</i>&nbsp;he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.</p><p><blockquote>Wedbush分析师Dan Ives告诉<i>巴伦周刊</i>他认为最坏的情况是收入受到3%至4%的打击，并将这种风险描述为“舍入误差”。虽然Ives表示，华尔街原本预计苹果会全面获胜，但这一喜忧参半的决定消除了该股的悬念，投资者可能会因为解决这个问题而松一口气。</blockquote></p><p> The ruling is more a positive for companies like&nbsp;Spotify Technology&nbsp;and&nbsp;Match Group&nbsp;than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97&nbsp;on&nbsp;Friday, while Spotify and March gained 0.7% and&nbsp;4.2%, respectively.</p><p><blockquote>他表示，这一裁决对Spotify Technology和Match Group等公司来说更多的是积极的，而不是对苹果的负面影响。苹果股价周五下跌3.3%，至148.97美元，Spotify和March分别上涨0.7%和4.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/apple-app-store-epic-51631304007?mod=hp_LEAD_1_B_2\">Barrons</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":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-app-store-epic-51631304007?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147045390","content_text":"Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.\nIn a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple (ticker: AAPL) to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30% cut from large developers.\nData from the app tracker SensorTower shows that in calendar 2020, Apple had overall revenue from the App Store of $72.3 billion, generating an estimated $21.7 billion in fees, or about 7% of Apple’s overall revenues. That includes $21 billion in spending in the U.S., generating about $6.3 billion in fees, or about 2% of annualized revenues.\nSensorTower estimates that mobile-game spending in the App Store in calendar 2020 was $47.6 billion, generating $14.3 billion in fees, or a little under 5% of Apple’s total revenues.\nGene Munster, managing director of the venture firm Loup Capital and a former sell-side analyst with a long history of tracking Apple, estimated that the App Store accounts for about 14% of the company’s profits. But he sees limited risk from Friday’s ruling.\nMunster thinks most app developers will stay inside of the Apple system. He sees “at most” a 2% headwind to overall revenue, and a potential 4% hit to profits.\n“After the first year of these changes, app store growth rates will return to normal,” he said. “Bottom line, it’s at most a one-year headwind and does not change the big picture of where Apple is going over the next 5 years.”\nEvercore ISI analyst Amit Daryanani said in a research note that the ruling is a setback for Apple, but that the eventual impact is likely to be manageable, given Apple has alternative ways to generate revenue from the store, including its growing in-store ad business. And he noted that Apple actually got a win on a bigger issue in the case: The judge rejected Epic’s assertion that the App Store is an illegal monopoly. Daryanani estimated the risk to Apple’s per-share earnings at 2% to 4%.\nWedbush analyst Dan Ives told Barron’s he thinks the worst-case scenario is a 3% to 4% hit to revenues, describing the risk as a “rounding error.” While Ives said the Street had expected an across-the-board win for Apple, the mixed decision removes an overhang on the stock and that investors are likely relieved to put the issue to rest.\nThe ruling is more a positive for companies like Spotify Technology and Match Group than it is a negative for Apple, he said. Apple stock fell 3.3% to $148.97 on Friday, while Spotify and March gained 0.7% and 4.2%, respectively.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880098232,"gmtCreate":1630995970426,"gmtModify":1632904698577,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Started accumulating at $450. Strong supportat $420.&nbsp;","listText":"Started accumulating at $450. Strong supportat $420.&nbsp;","text":"Started accumulating at $450. Strong supportat $420.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/880098232","repostId":"1199989573","repostType":4,"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817973254,"gmtCreate":1630901846778,"gmtModify":1632905223051,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Sell&nbsp;when others are greedy and buy when there’s fear.. It’s just&nbsp;so hard to resist the gravy train","listText":"Sell&nbsp;when others are greedy and buy when there’s fear.. It’s just&nbsp;so hard to resist the gravy train","text":"Sell when others are greedy and buy when there’s fear.. It’s just so hard to resist the gravy train","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817973254","repostId":"1121539570","repostType":4,"isVote":1,"tweetType":1,"viewCount":893,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812347345,"gmtCreate":1630557119087,"gmtModify":1632472793941,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"I hope he gets to keep his job.. and we will have some good bargains&nbsp;","listText":"I hope he gets to keep his job.. and we will have some good bargains&nbsp;","text":"I hope he gets to keep his job.. and we will have some good bargains","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/812347345","repostId":"1110833427","repostType":4,"isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":179775324,"gmtCreate":1626581508068,"gmtModify":1631885615581,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Netflix content is way better than Disney+. I had Disney+ for 3 months and got bored watching it. NetFlix’s content is a lot more diverse and caters for a wider audience. Big plus for me, they have excellent Korean dramas.&nbsp;The secret sauce will be its foray into gaming on-demand. Looking forward to it.","listText":"Netflix content is way better than Disney+. I had Disney+ for 3 months and got bored watching it. NetFlix’s content is a lot more diverse and caters for a wider audience. Big plus for me, they have excellent Korean dramas.&nbsp;The secret sauce will be its foray into gaming on-demand. Looking forward to it.","text":"Netflix content is way better than Disney+. I had Disney+ for 3 months and got bored watching it. NetFlix’s content is a lot more diverse and caters for a wider audience. Big plus for me, they have excellent Korean dramas. The secret sauce will be its foray into gaming on-demand. Looking forward to it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/179775324","repostId":"2152897876","repostType":4,"isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":601087230,"gmtCreate":1638459934595,"gmtModify":1638459934680,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"US investors are not familiar with Asian&nbsp;businesses like&nbsp;Grab, Korean Coupang suffered the same fate.&nbsp;","listText":"US investors are not familiar with Asian&nbsp;businesses like&nbsp;Grab, Korean Coupang suffered the same fate.&nbsp;","text":"US investors are not familiar with Asian businesses like Grab, Korean Coupang suffered the same fate.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/601087230","repostId":"1189056654","repostType":4,"repost":{"id":"1189056654","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":1638458798,"share":"https://www.laohu8.com/m/news/1189056654?lang=zh_CN&edition=full","pubTime":"2021-12-02 23:26","market":"us","language":"en","title":"Grab shares changed from up to down on its first day of trading<blockquote>Grab股价首日交易由涨转跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189056654","media":"Tiger Newspress","summary":"Singapore ride-hailing firm Grab shares changed from up to down on its first day of trading.Grab had","content":"<p>Singapore ride-hailing firm&nbsp;Grab shares changed from up to down on its first day of trading.Grab had previously risen more than 18%.</p><p><blockquote>新加坡网约车公司Grab股价在首日交易中由涨转跌。Grab此前涨超18%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/26b2390eadbdda9e5198852be72c65d5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm,lists&nbsp;on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGC\">Altimeter Growth Corp</a>.</p><p><blockquote><a href=\"https://laohu8.com/S/GRAB\">抓住</a>东南亚最大的网约车和食品配送公司在以400亿美元与特殊目的收购公司(SPAC)合并后于周四在纳斯达克上市<a href=\"https://laohu8.com/S/AGC\">高度计增长公司</a>.</blockquote></p><p> The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.</p><p><blockquote>这笔交易是全球有史以来最大的空白支票公司交易，也是东南亚公司在美国最大的上市交易。</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>Grab shares changed from up to down on its first day of trading<blockquote>Grab股价首日交易由涨转跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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\">\nGrab shares changed from up to down on its first day of trading<blockquote>Grab股价首日交易由涨转跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-02 23:26</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Singapore ride-hailing firm&nbsp;Grab shares changed from up to down on its first day of trading.Grab had previously risen more than 18%.</p><p><blockquote>新加坡网约车公司Grab股价在首日交易中由涨转跌。Grab此前涨超18%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/26b2390eadbdda9e5198852be72c65d5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm,lists&nbsp;on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGC\">Altimeter Growth Corp</a>.</p><p><blockquote><a href=\"https://laohu8.com/S/GRAB\">抓住</a>东南亚最大的网约车和食品配送公司在以400亿美元与特殊目的收购公司(SPAC)合并后于周四在纳斯达克上市<a href=\"https://laohu8.com/S/AGC\">高度计增长公司</a>.</blockquote></p><p> The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.</p><p><blockquote>这笔交易是全球有史以来最大的空白支票公司交易，也是东南亚公司在美国最大的上市交易。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189056654","content_text":"Singapore ride-hailing firm Grab shares changed from up to down on its first day of trading.Grab had previously risen more than 18%.\n\nGrab, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp.\nThe deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.","news_type":1,"symbols_score_info":{"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":2638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":603451948,"gmtCreate":1638443912701,"gmtModify":1638443918797,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Investors looking forward to cash out&nbsp;","listText":"Investors looking forward to cash out&nbsp;","text":"Investors looking forward to cash out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/603451948","repostId":"1107545461","repostType":2,"repost":{"id":"1107545461","kind":"news","pubTimestamp":1638422200,"share":"https://www.laohu8.com/m/news/1107545461?lang=zh_CN&edition=full","pubTime":"2021-12-02 13:16","market":"us","language":"en","title":"Grab debuts on Nasdaq, marking biggest Southeast Asia listing<blockquote>Grab在纳斯达克首次亮相，成为东南亚最大的上市公司</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107545461","media":"Reuters","summary":"$Grab$, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company  $Altimeter Growth Corp$.The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.Founded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" aft","content":"<p><a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm,lists&nbsp;on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGC\">Altimeter Growth Corp</a>.</p><p><blockquote><a href=\"https://laohu8.com/S/GRAB\">抓住</a>东南亚最大的网约车和食品配送公司在以400亿美元与特殊目的收购公司(SPAC)合并后于周四在纳斯达克上市<a href=\"https://laohu8.com/S/AGC\">高度计增长公司</a>.</blockquote></p><p> The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.</p><p><blockquote>这笔交易是全球有史以来最大的空白支票公司交易，也是东南亚公司在美国最大的上市交易。</blockquote></p><p> <b>WHAT IS GRAB?</b></p><p><blockquote><b>什么是GRAB？</b></blockquote></p><p> Founded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" after expanding into food, grocery and parcel delivery and to digital payments, lending and other financial services.</p><p><blockquote>Grab成立于2012年，是东南亚最大的初创公司，去年估值略高于160亿美元。它最初是马来西亚的出租车服务，现在评级本身已经成为一个“超级应用程序”，后来扩展到食品、杂货和包裹递送以及数字支付、贷款和其他金融服务。</blockquote></p><p> Singapore-headquartered Grab operates across 465 cities in eight countries in the region, counting Indonesia as its biggest. Its venture with Singapore Telecommunications Ltd(STEL.SI)was awarded a digital bank license in Singapore last year.</p><p><blockquote>总部位于新加坡的Grab在该地区8个国家的465个城市开展业务，其中印度尼西亚是最大的城市。其与新加坡电信有限公司（STEL.SI）的合资企业去年在新加坡获得了数字银行牌照。</blockquote></p><p> Grab gained the global spotlight in 2018 when it bought the Southeast Asian business of Uber Technologies Inc(UBER.N)in return for the U.S. ride-hailing company taking a stake in Grab.</p><p><blockquote>Grab在2018年收购了Uber Technologies Inc(UBER.N)的东南亚业务，成为全球关注的焦点，以换取美国网约车公司入股Grab。</blockquote></p><p> With some 8,000 employees, Grab has tech centres in Singapore, Beijing, Seattle, Bengaluru and other places.</p><p><blockquote>Grab拥有约8000名员工，在新加坡、北京、西雅图、孟加拉鲁鲁等地设有技术中心。</blockquote></p><p> <b>WHO'S BACKING GRAB? </b></p><p><blockquote><b>世卫组织的后盾？</b></blockquote></p><p> Early investors include Japan's SoftBank, China's Didi Chuxing and venture capital firms Vertex Ventures Holdings and GGV Capital.</p><p><blockquote>早期投资者包括日本软银、中国滴滴出行以及风险投资公司Vertex Ventures Holdings和GGV Capital。</blockquote></p><p> Grab raised about $12 billion ahead of the listing. Investors range from venture and hedge funds to automobile companies and other ride-hailing firms, and include:</p><p><blockquote>Grab在上市前筹集了约120亿美元。投资者范围从风险投资和对冲基金到汽车公司和其他网约车公司，包括：</blockquote></p><p> Uber, Booking Holdings Inc, China Investment Corp, Coatue Management, Hillhouse Capital, Hyundai Motor Co, Invesco Ltd, Microsoft Corp, Ping An Capital Co, Toyota Motor Corp, and Yamaha Motor Co..</p><p><blockquote>优步、Booking Holdings Inc、中国投资公司、Coatue Management、高瓴资本、现代汽车公司、景顺有限公司、微软公司、平安资本公司、丰田汽车公司和雅马哈汽车公司..</blockquote></p><p> In the SPAC deal, about three dozen investors came on board including Temasek Holdings, BlackRock, Fidelity International, Abu Dhabi's Mubadala and Malaysia's Permodalan Nasional Bhd and Altimeter Capital.</p><p><blockquote>在SPAC交易中，大约有三打投资者加入，包括淡马锡控股、贝莱德、富达国际、阿布扎比的穆巴达拉、马来西亚的Permodalan Nasional Bhd和Altimeter Capital。</blockquote></p><p> <b>WHO'S THE COMPETITION? </b></p><p><blockquote><b>世卫组织是竞争对手？</b></blockquote></p><p> GoTo Group, formed by the merger of Indonesian ride-hailing and deliveries firm Gojek and local e-commerce leader Tokopedia is Grab's biggest competitor.</p><p><blockquote>GoTo Group由印度尼西亚叫车和送货公司Gojek和当地电子商务领导者Tokopedia合并而成，是Grab最大的竞争对手。</blockquote></p><p> Singapore-based Sea Ltd, which has e-commerce, gaming and a digital payments business, and is also muscling into food delivery and financial services in Indonesia. Sea has also won a digital bank license in Singapore.</p><p><blockquote>总部位于新加坡的Sea Ltd拥有电子商务、游戏和数字支付业务，还在印度尼西亚大力进军食品配送和金融服务领域。Sea还获得了新加坡的数字银行牌照。</blockquote></p><p> Grab is likely to increasingly start competing with banks as it expands its financial services.</p><p><blockquote>随着Grab扩大其金融服务，它可能会越来越多地开始与银行竞争。</blockquote></p><p> It also competes with such delivery companies as Foodpanda and Deliveroo PLC.</p><p><blockquote>它还与Foodpanda和户户送等快递公司竞争。</blockquote></p><p> <b>WHAT ARE GRAB'S FINANCIALS?</b></p><p><blockquote><b>GRAB的财务状况如何？</b></blockquote></p><p> Grab's third-quarter revenue fell 9% from a year earlier to $157 million. Its adjusted loss before interest, taxes, depreciation and amortization (EBITDA) widened 66% to $212 million. Gross merchandise value hit a quarterly record of $4 billion.</p><p><blockquote>Grab第三季度营收同比下降9%至1.57亿美元。其调整后的息税折旧摊销前亏损(EBITDA)扩大66%至2.12亿美元。商品总值创下40亿美元的季度纪录。</blockquote></p><p> The delivery business has emerged as the biggest segment as more consumers shifted to online food delivery during the pandemic.</p><p><blockquote>随着越来越多的消费者在疫情期间转向在线食品配送，配送业务已成为最大的细分市场。</blockquote></p><p> Grab forecasts it will turn profitable on an EBITDA basis in 2023.</p><p><blockquote>Grab预测其将于2023年在EBITDA基础上实现盈利。</blockquote></p><p> <b>WHO ARE ITS KEY EXECUTIVES?</b></p><p><blockquote><b>世卫组织是其主要高管？</b></blockquote></p><p> Anthony Tan, 39, is the company's CEO and co-founder.</p><p><blockquote>39岁的Anthony Tan是该公司的首席执行官兼联合创始人。</blockquote></p><p> Fellow co-founder Tan Hooi Ling, 38, runs Grab's operations, including corporate strategy and technology.</p><p><blockquote>38岁的联合创始人Tan Hooi Ling负责Grab的运营，包括企业战略和技术。</blockquote></p><p> Both Tans, unrelated, met at Harvard Business School, where they conceived the idea of the ride-hailing company.</p><p><blockquote>这两个没有血缘关系的人在哈佛商学院相遇，在那里他们构思了这家叫车公司的想法。</blockquote></p><p> Grab's president, Ming Maa, is a prominent dealmaker from SoftBank, who joined the company in 2016.</p><p><blockquote>Grab总裁Ming Maa是软银的著名交易撮合者，于2016年加入该公司。</blockquote></p><p> <b>Here are some milestones for the Singapore-headquartered company:</b></p><p><blockquote><b>以下是这家总部位于新加坡的公司的一些里程碑：</b></blockquote></p><p> 2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan</p><p><blockquote>2011年：Anthony Tan和联合创始人Tan Hooi Ling在哈佛商学院创业竞赛计划中创建Grab</blockquote></p><p> 2012: Launches as MyTeksi taxi booking service in Malaysia</p><p><blockquote>2012年：在马来西亚推出MyTeksi出租车预订服务</blockquote></p><p> 2013: Expands to the Philippines, Thailand, Singapore as GrabTaxi</p><p><blockquote>2013年：作为GrabTaxi扩展到菲律宾、泰国、新加坡</blockquote></p><p> April 2014: Announces Series A funding</p><p><blockquote>2014年4月：宣布A轮融资</blockquote></p><p> June 2014: Launches in Indonesia</p><p><blockquote>2014年6月：在印度尼西亚推出</blockquote></p><p> December 2014: Japan's SoftBank&nbsp;invests $250 million in a funding round</p><p><blockquote>2014年12月：日本软银在一轮融资中投资2.5亿美元</blockquote></p><p> August 2015: Becomes a unicorn after $350 million funding round</p><p><blockquote>2015年8月：3.5亿美元融资后成为独角兽</blockquote></p><p> December 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against Uber</p><p><blockquote>2015年12月：宣布与其他与Uber竞争的网约车公司Ola、滴滴和Lyft建立战略合作伙伴关系</blockquote></p><p> January 2016: Rebrands to Grab from GrabTaxi to reflect expanding services</p><p><blockquote>2016年1月：从GrabTaxi更名为Grab，以反映不断扩大的服务</blockquote></p><p> November 2017: Launches GrabPay payments service for third-party transactions</p><p><blockquote>2017年11月：推出GrabPay第三方交易支付服务</blockquote></p><p> March 2018: Announces acquisition of Uber's business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholder</p><p><blockquote>2018年3月：宣布通过全股交易收购Uber东南亚业务，Uber成为战略股东</blockquote></p><p> May 2018: Pilots GrabFood delivery service</p><p><blockquote>2018年5月：试点GrabFood配送服务</blockquote></p><p> July 2018: Unveils \"superapp\" strategy that provides a range of services under one platform</p><p><blockquote>2018年7月：推出“superapp”战略，在一个平台下提供一系列服务</blockquote></p><p> March 2019: Reaches valuation of about $14 billion</p><p><blockquote>2019年3月：估值达到约140亿美元</blockquote></p><p> December 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd</p><p><blockquote>2020年12月：与新加坡电信有限公司合作，在新加坡获得数字全面银行牌照</blockquote></p><p></p><p> April 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp&nbsp;securing a valuation of nearly $40 billion</p><p><blockquote>2021年4月：同意通过与特殊目的收购公司Altimeter Growth Corp合并在纳斯达克上市，估值近400亿美元</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nGrab debuts on Nasdaq, marking biggest Southeast Asia listing<blockquote>Grab在纳斯达克首次亮相，成为东南亚最大的上市公司</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-02 13:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/GRAB\">Grab</a>, Southeast Asia's biggest ride-hailing and food delivery firm,lists&nbsp;on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/AGC\">Altimeter Growth Corp</a>.</p><p><blockquote><a href=\"https://laohu8.com/S/GRAB\">抓住</a>东南亚最大的网约车和食品配送公司在以400亿美元与特殊目的收购公司(SPAC)合并后于周四在纳斯达克上市<a href=\"https://laohu8.com/S/AGC\">高度计增长公司</a>.</blockquote></p><p> The deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.</p><p><blockquote>这笔交易是全球有史以来最大的空白支票公司交易，也是东南亚公司在美国最大的上市交易。</blockquote></p><p> <b>WHAT IS GRAB?</b></p><p><blockquote><b>什么是GRAB？</b></blockquote></p><p> Founded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" after expanding into food, grocery and parcel delivery and to digital payments, lending and other financial services.</p><p><blockquote>Grab成立于2012年，是东南亚最大的初创公司，去年估值略高于160亿美元。它最初是马来西亚的出租车服务，现在评级本身已经成为一个“超级应用程序”，后来扩展到食品、杂货和包裹递送以及数字支付、贷款和其他金融服务。</blockquote></p><p> Singapore-headquartered Grab operates across 465 cities in eight countries in the region, counting Indonesia as its biggest. Its venture with Singapore Telecommunications Ltd(STEL.SI)was awarded a digital bank license in Singapore last year.</p><p><blockquote>总部位于新加坡的Grab在该地区8个国家的465个城市开展业务，其中印度尼西亚是最大的城市。其与新加坡电信有限公司（STEL.SI）的合资企业去年在新加坡获得了数字银行牌照。</blockquote></p><p> Grab gained the global spotlight in 2018 when it bought the Southeast Asian business of Uber Technologies Inc(UBER.N)in return for the U.S. ride-hailing company taking a stake in Grab.</p><p><blockquote>Grab在2018年收购了Uber Technologies Inc(UBER.N)的东南亚业务，成为全球关注的焦点，以换取美国网约车公司入股Grab。</blockquote></p><p> With some 8,000 employees, Grab has tech centres in Singapore, Beijing, Seattle, Bengaluru and other places.</p><p><blockquote>Grab拥有约8000名员工，在新加坡、北京、西雅图、孟加拉鲁鲁等地设有技术中心。</blockquote></p><p> <b>WHO'S BACKING GRAB? </b></p><p><blockquote><b>世卫组织的后盾？</b></blockquote></p><p> Early investors include Japan's SoftBank, China's Didi Chuxing and venture capital firms Vertex Ventures Holdings and GGV Capital.</p><p><blockquote>早期投资者包括日本软银、中国滴滴出行以及风险投资公司Vertex Ventures Holdings和GGV Capital。</blockquote></p><p> Grab raised about $12 billion ahead of the listing. Investors range from venture and hedge funds to automobile companies and other ride-hailing firms, and include:</p><p><blockquote>Grab在上市前筹集了约120亿美元。投资者范围从风险投资和对冲基金到汽车公司和其他网约车公司，包括：</blockquote></p><p> Uber, Booking Holdings Inc, China Investment Corp, Coatue Management, Hillhouse Capital, Hyundai Motor Co, Invesco Ltd, Microsoft Corp, Ping An Capital Co, Toyota Motor Corp, and Yamaha Motor Co..</p><p><blockquote>优步、Booking Holdings Inc、中国投资公司、Coatue Management、高瓴资本、现代汽车公司、景顺有限公司、微软公司、平安资本公司、丰田汽车公司和雅马哈汽车公司..</blockquote></p><p> In the SPAC deal, about three dozen investors came on board including Temasek Holdings, BlackRock, Fidelity International, Abu Dhabi's Mubadala and Malaysia's Permodalan Nasional Bhd and Altimeter Capital.</p><p><blockquote>在SPAC交易中，大约有三打投资者加入，包括淡马锡控股、贝莱德、富达国际、阿布扎比的穆巴达拉、马来西亚的Permodalan Nasional Bhd和Altimeter Capital。</blockquote></p><p> <b>WHO'S THE COMPETITION? </b></p><p><blockquote><b>世卫组织是竞争对手？</b></blockquote></p><p> GoTo Group, formed by the merger of Indonesian ride-hailing and deliveries firm Gojek and local e-commerce leader Tokopedia is Grab's biggest competitor.</p><p><blockquote>GoTo Group由印度尼西亚叫车和送货公司Gojek和当地电子商务领导者Tokopedia合并而成，是Grab最大的竞争对手。</blockquote></p><p> Singapore-based Sea Ltd, which has e-commerce, gaming and a digital payments business, and is also muscling into food delivery and financial services in Indonesia. Sea has also won a digital bank license in Singapore.</p><p><blockquote>总部位于新加坡的Sea Ltd拥有电子商务、游戏和数字支付业务，还在印度尼西亚大力进军食品配送和金融服务领域。Sea还获得了新加坡的数字银行牌照。</blockquote></p><p> Grab is likely to increasingly start competing with banks as it expands its financial services.</p><p><blockquote>随着Grab扩大其金融服务，它可能会越来越多地开始与银行竞争。</blockquote></p><p> It also competes with such delivery companies as Foodpanda and Deliveroo PLC.</p><p><blockquote>它还与Foodpanda和户户送等快递公司竞争。</blockquote></p><p> <b>WHAT ARE GRAB'S FINANCIALS?</b></p><p><blockquote><b>GRAB的财务状况如何？</b></blockquote></p><p> Grab's third-quarter revenue fell 9% from a year earlier to $157 million. Its adjusted loss before interest, taxes, depreciation and amortization (EBITDA) widened 66% to $212 million. Gross merchandise value hit a quarterly record of $4 billion.</p><p><blockquote>Grab第三季度营收同比下降9%至1.57亿美元。其调整后的息税折旧摊销前亏损(EBITDA)扩大66%至2.12亿美元。商品总值创下40亿美元的季度纪录。</blockquote></p><p> The delivery business has emerged as the biggest segment as more consumers shifted to online food delivery during the pandemic.</p><p><blockquote>随着越来越多的消费者在疫情期间转向在线食品配送，配送业务已成为最大的细分市场。</blockquote></p><p> Grab forecasts it will turn profitable on an EBITDA basis in 2023.</p><p><blockquote>Grab预测其将于2023年在EBITDA基础上实现盈利。</blockquote></p><p> <b>WHO ARE ITS KEY EXECUTIVES?</b></p><p><blockquote><b>世卫组织是其主要高管？</b></blockquote></p><p> Anthony Tan, 39, is the company's CEO and co-founder.</p><p><blockquote>39岁的Anthony Tan是该公司的首席执行官兼联合创始人。</blockquote></p><p> Fellow co-founder Tan Hooi Ling, 38, runs Grab's operations, including corporate strategy and technology.</p><p><blockquote>38岁的联合创始人Tan Hooi Ling负责Grab的运营，包括企业战略和技术。</blockquote></p><p> Both Tans, unrelated, met at Harvard Business School, where they conceived the idea of the ride-hailing company.</p><p><blockquote>这两个没有血缘关系的人在哈佛商学院相遇，在那里他们构思了这家叫车公司的想法。</blockquote></p><p> Grab's president, Ming Maa, is a prominent dealmaker from SoftBank, who joined the company in 2016.</p><p><blockquote>Grab总裁Ming Maa是软银的著名交易撮合者，于2016年加入该公司。</blockquote></p><p> <b>Here are some milestones for the Singapore-headquartered company:</b></p><p><blockquote><b>以下是这家总部位于新加坡的公司的一些里程碑：</b></blockquote></p><p> 2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan</p><p><blockquote>2011年：Anthony Tan和联合创始人Tan Hooi Ling在哈佛商学院创业竞赛计划中创建Grab</blockquote></p><p> 2012: Launches as MyTeksi taxi booking service in Malaysia</p><p><blockquote>2012年：在马来西亚推出MyTeksi出租车预订服务</blockquote></p><p> 2013: Expands to the Philippines, Thailand, Singapore as GrabTaxi</p><p><blockquote>2013年：作为GrabTaxi扩展到菲律宾、泰国、新加坡</blockquote></p><p> April 2014: Announces Series A funding</p><p><blockquote>2014年4月：宣布A轮融资</blockquote></p><p> June 2014: Launches in Indonesia</p><p><blockquote>2014年6月：在印度尼西亚推出</blockquote></p><p> December 2014: Japan's SoftBank&nbsp;invests $250 million in a funding round</p><p><blockquote>2014年12月：日本软银在一轮融资中投资2.5亿美元</blockquote></p><p> August 2015: Becomes a unicorn after $350 million funding round</p><p><blockquote>2015年8月：3.5亿美元融资后成为独角兽</blockquote></p><p> December 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against Uber</p><p><blockquote>2015年12月：宣布与其他与Uber竞争的网约车公司Ola、滴滴和Lyft建立战略合作伙伴关系</blockquote></p><p> January 2016: Rebrands to Grab from GrabTaxi to reflect expanding services</p><p><blockquote>2016年1月：从GrabTaxi更名为Grab，以反映不断扩大的服务</blockquote></p><p> November 2017: Launches GrabPay payments service for third-party transactions</p><p><blockquote>2017年11月：推出GrabPay第三方交易支付服务</blockquote></p><p> March 2018: Announces acquisition of Uber's business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholder</p><p><blockquote>2018年3月：宣布通过全股交易收购Uber东南亚业务，Uber成为战略股东</blockquote></p><p> May 2018: Pilots GrabFood delivery service</p><p><blockquote>2018年5月：试点GrabFood配送服务</blockquote></p><p> July 2018: Unveils \"superapp\" strategy that provides a range of services under one platform</p><p><blockquote>2018年7月：推出“superapp”战略，在一个平台下提供一系列服务</blockquote></p><p> March 2019: Reaches valuation of about $14 billion</p><p><blockquote>2019年3月：估值达到约140亿美元</blockquote></p><p> December 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd</p><p><blockquote>2020年12月：与新加坡电信有限公司合作，在新加坡获得数字全面银行牌照</blockquote></p><p></p><p> April 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp&nbsp;securing a valuation of nearly $40 billion</p><p><blockquote>2021年4月：同意通过与特殊目的收购公司Altimeter Growth Corp合并在纳斯达克上市，估值近400亿美元</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/markets/us/grab-debuts-nasdaq-marking-biggest-southeast-asia-listing-2021-12-02/\">Reuters</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":{"GRAB":"Grab Holdings"},"source_url":"https://www.reuters.com/markets/us/grab-debuts-nasdaq-marking-biggest-southeast-asia-listing-2021-12-02/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107545461","content_text":"Grab, Southeast Asia's biggest ride-hailing and food delivery firm,lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp.\nThe deal is the world's biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.\nWHAT IS GRAB?\nFounded in 2012, Grab is Southeast Asia's largest startup, valued at just over $16 billion last year. It launched as a Malaysian taxi-hailing service and now calls itself a \"superapp\" after expanding into food, grocery and parcel delivery and to digital payments, lending and other financial services.\nSingapore-headquartered Grab operates across 465 cities in eight countries in the region, counting Indonesia as its biggest. Its venture with Singapore Telecommunications Ltd(STEL.SI)was awarded a digital bank license in Singapore last year.\nGrab gained the global spotlight in 2018 when it bought the Southeast Asian business of Uber Technologies Inc(UBER.N)in return for the U.S. ride-hailing company taking a stake in Grab.\nWith some 8,000 employees, Grab has tech centres in Singapore, Beijing, Seattle, Bengaluru and other places.\nWHO'S BACKING GRAB? \nEarly investors include Japan's SoftBank, China's Didi Chuxing and venture capital firms Vertex Ventures Holdings and GGV Capital.\nGrab raised about $12 billion ahead of the listing. Investors range from venture and hedge funds to automobile companies and other ride-hailing firms, and include:\nUber, Booking Holdings Inc, China Investment Corp, Coatue Management, Hillhouse Capital, Hyundai Motor Co, Invesco Ltd, Microsoft Corp, Ping An Capital Co, Toyota Motor Corp, and Yamaha Motor Co..\nIn the SPAC deal, about three dozen investors came on board including Temasek Holdings, BlackRock, Fidelity International, Abu Dhabi's Mubadala and Malaysia's Permodalan Nasional Bhd and Altimeter Capital.\nWHO'S THE COMPETITION? \nGoTo Group, formed by the merger of Indonesian ride-hailing and deliveries firm Gojek and local e-commerce leader Tokopedia is Grab's biggest competitor.\nSingapore-based Sea Ltd, which has e-commerce, gaming and a digital payments business, and is also muscling into food delivery and financial services in Indonesia. Sea has also won a digital bank license in Singapore.\nGrab is likely to increasingly start competing with banks as it expands its financial services.\nIt also competes with such delivery companies as Foodpanda and Deliveroo PLC.\nWHAT ARE GRAB'S FINANCIALS?\nGrab's third-quarter revenue fell 9% from a year earlier to $157 million. Its adjusted loss before interest, taxes, depreciation and amortization (EBITDA) widened 66% to $212 million. Gross merchandise value hit a quarterly record of $4 billion.\nThe delivery business has emerged as the biggest segment as more consumers shifted to online food delivery during the pandemic.\nGrab forecasts it will turn profitable on an EBITDA basis in 2023.\nWHO ARE ITS KEY EXECUTIVES?\nAnthony Tan, 39, is the company's CEO and co-founder.\nFellow co-founder Tan Hooi Ling, 38, runs Grab's operations, including corporate strategy and technology.\nBoth Tans, unrelated, met at Harvard Business School, where they conceived the idea of the ride-hailing company.\nGrab's president, Ming Maa, is a prominent dealmaker from SoftBank, who joined the company in 2016.\nHere are some milestones for the Singapore-headquartered company:\n2011: Anthony Tan and co-founder Tan Hooi Ling create Grab in a Harvard Business School venture competition plan\n2012: Launches as MyTeksi taxi booking service in Malaysia\n2013: Expands to the Philippines, Thailand, Singapore as GrabTaxi\nApril 2014: Announces Series A funding\nJune 2014: Launches in Indonesia\nDecember 2014: Japan's SoftBank invests $250 million in a funding round\nAugust 2015: Becomes a unicorn after $350 million funding round\nDecember 2015: Announces a strategic partnership with other ride-hailing companies Ola, Didi, and Lyft that competed against Uber\nJanuary 2016: Rebrands to Grab from GrabTaxi to reflect expanding services\nNovember 2017: Launches GrabPay payments service for third-party transactions\nMarch 2018: Announces acquisition of Uber's business in Southeast Asia through an all-share deal, Uber becomes a strategic shareholder\nMay 2018: Pilots GrabFood delivery service\nJuly 2018: Unveils \"superapp\" strategy that provides a range of services under one platform\nMarch 2019: Reaches valuation of about $14 billion\nDecember 2020: Wins digital full bank license in Singapore in a partnership with Singapore Telecommunications Ltd\nApril 2021: Agrees to list on Nasdaq through a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion","news_type":1,"symbols_score_info":{"AGC":0.9,"GRAB":0.9}},"isVote":1,"tweetType":1,"viewCount":2339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":812347345,"gmtCreate":1630557119087,"gmtModify":1632472793941,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"I hope he gets to keep his job.. and we will have some good bargains&nbsp;","listText":"I hope he gets to keep his job.. and we will have some good bargains&nbsp;","text":"I hope he gets to keep his job.. and we will have some good bargains","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/812347345","repostId":"1110833427","repostType":4,"isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":822589234,"gmtCreate":1634142180612,"gmtModify":1634142180700,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Good selection as a portfolio.","listText":"Good selection as a portfolio.","text":"Good selection as a portfolio.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/822589234","repostId":"2175157695","repostType":2,"isVote":1,"tweetType":1,"viewCount":1411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":818071623,"gmtCreate":1630368387162,"gmtModify":1704959129285,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Apple services should play important role in&nbsp;AAPL future. I still haven’t able to see how it can effectively take on the likes of Spotify and Netflix. This is a case of a&nbsp;elephant in the&nbsp;room.","listText":"Apple services should play important role in&nbsp;AAPL future. I still haven’t able to see how it can effectively take on the likes of Spotify and Netflix. This is a case of a&nbsp;elephant in the&nbsp;room.","text":"Apple services should play important role in AAPL future. I still haven’t able to see how it can effectively take on the likes of Spotify and Netflix. This is a case of a elephant in the room.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/818071623","repostId":"1110468761","repostType":2,"isVote":1,"tweetType":1,"viewCount":621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":690032367,"gmtCreate":1639612698162,"gmtModify":1639612698338,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"We’re not out of the woods but hope to see a small Xmas 🎅🏻&nbsp;rally&nbsp;","listText":"We’re not out of the woods but hope to see a small Xmas 🎅🏻&nbsp;rally&nbsp;","text":"We’re not out of the woods but hope to see a small Xmas 🎅🏻 rally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690032367","repostId":"2191994940","repostType":2,"isVote":1,"tweetType":1,"viewCount":3852,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875929087,"gmtCreate":1637595250667,"gmtModify":1637595250745,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"I still think Paypal is a good long term hold.","listText":"I still think Paypal is a good long term hold.","text":"I still think Paypal is a good long term hold.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875929087","repostId":"1158506816","repostType":2,"isVote":1,"tweetType":1,"viewCount":2749,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":849724325,"gmtCreate":1635778628750,"gmtModify":1635778628865,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"Baba moving higher&nbsp;lows, higher high&nbsp;","listText":"Baba moving higher&nbsp;lows, higher high&nbsp;","text":"Baba moving higher lows, higher high","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/849724325","repostId":"1183354594","repostType":4,"repost":{"id":"1183354594","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":1635775510,"share":"https://www.laohu8.com/m/news/1183354594?lang=zh_CN&edition=full","pubTime":"2021-11-01 22:05","market":"us","language":"en","title":"Chinese e-commerce stocks rose sharply on Monday<blockquote>中国电商股周一大幅上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183354594","media":"Tiger Newspress","summary":"Chinese e-commerce stocks rose sharply on Monday.Alibaba,JD.com,Pinduoduo,Vipshop&nbsp;and&nbsp;Baozun&nbsp;all&nbsp;surged&nbsp;more&nbsp;than&nbsp;3%.","content":"<p>Chinese e-commerce stocks rose sharply on Monday.Alibaba,JD.com,Pinduoduo,Vipshop&nbsp;and&nbsp;Baozun&nbsp;all&nbsp;surged&nbsp;more&nbsp;than&nbsp;3%.</p><p><blockquote>中国电商股周一大幅上涨，阿里巴巴、京东、拼多多、唯品会、宝尊均大涨逾3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f34ff03fe341c79c9f7a18ea4662bfcf\" tg-width=\"400\" tg-height=\"302\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese e-commerce stocks rose sharply on Monday<blockquote>中国电商股周一大幅上涨</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; 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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\">\nChinese e-commerce stocks rose sharply on Monday<blockquote>中国电商股周一大幅上涨</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\">2021-11-01 22:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Chinese e-commerce stocks rose sharply on Monday.Alibaba,JD.com,Pinduoduo,Vipshop&nbsp;and&nbsp;Baozun&nbsp;all&nbsp;surged&nbsp;more&nbsp;than&nbsp;3%.</p><p><blockquote>中国电商股周一大幅上涨，阿里巴巴、京东、拼多多、唯品会、宝尊均大涨逾3%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f34ff03fe341c79c9f7a18ea4662bfcf\" tg-width=\"400\" tg-height=\"302\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183354594","content_text":"Chinese e-commerce stocks rose sharply on Monday.Alibaba,JD.com,Pinduoduo,Vipshop and Baozun all surged more than 3%.","news_type":1,"symbols_score_info":{"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853154968,"gmtCreate":1634782329986,"gmtModify":1634782330201,"author":{"id":"3572310408162611","authorId":"3572310408162611","name":"Vanillin","avatar":"https://static.tigerbbs.com/57da3673038af147111405348d5fa098","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572310408162611","idStr":"3572310408162611"},"themes":[],"htmlText":"beyond EV, services like car insurance&nbsp;would be an important revenue stream.&nbsp;","listText":"beyond EV, services like car insurance&nbsp;would be an important revenue stream.&nbsp;","text":"beyond EV, services like car insurance would be an important revenue stream.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853154968","repostId":"1181020907","repostType":4,"repost":{"id":"1181020907","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":1634769732,"share":"https://www.laohu8.com/m/news/1181020907?lang=zh_CN&edition=full","pubTime":"2021-10-21 06:42","market":"us","language":"en","title":"Tesla beats Q3 revenue estimates but supply-chain problems impacting factories<blockquote>特斯拉第三季度收入超出预期，但供应链问题影响工厂</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181020907","media":"Tiger Newspress","summary":"Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.Tesla said it aims to increase production in the fourth quarter from the previous quarter, adding that \"the magnitude of growth will be determined largely by outside factors.\". Tesla, the world's most valuable automaker, has weathered the pandemic and the global supply-chain crisis better","content":"<p>Tesla Inc&nbsp;on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.</p><p><blockquote>特斯拉公司周三公布的第三季度营收超出了华尔街预期，交付量创历史新高，这家电动汽车制造商克服了全球芯片和原材料长期短缺的问题。</blockquote></p><p> Tesla said it aims to increase production in the fourth quarter from the previous quarter, adding that \"the magnitude of growth will be determined largely by outside factors.\"</p><p><blockquote>特斯拉表示，其目标是在第四季度环比增加产量，并补充说“增长幅度将在很大程度上取决于外部因素。”</blockquote></p><p> \"A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,\" the company said.</p><p><blockquote>该公司表示：“半导体短缺、港口拥堵和轮流停电等各种挑战一直在影响我们保持工厂全速运转的能力。”</blockquote></p><p> Tesla, the world's most valuable automaker, has weathered the pandemic and the global supply-chain crisis better than rivals, posting record revenue for the fifth consecutive quarter in the July to September period, fueled by a production ramp-up at its Chinese factory.</p><p><blockquote>全球最有价值的汽车制造商特斯拉比竞争对手更好地抵御了疫情和全球供应链危机，在中国工厂产量增加的推动下，7月至9月期间连续第五个季度实现创纪录的收入。</blockquote></p><p> Led by billionaire Elon Musk, Tesla faces challenges of maintaining its growth in the face of a prolonged chip shortage, with its factories starting production in Berlin and Texas this year.</p><p><blockquote>在亿万富翁Elon Musk的领导下，特斯拉面临着在芯片长期短缺的情况下保持增长的挑战，其工厂今年在柏林和德克萨斯开始生产。</blockquote></p><p> Tesla shares, up about 23% this year, were down about 1.6% in extended trade late on Wednesday.</p><p><blockquote>特斯拉股价今年上涨约23%，周三尾盘交易中下跌约1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d998d6369e593952a4c3d57b9224c4a6\" tg-width=\"848\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Revenue rose to $13.76 billion from $8.77 billion a year earlier. Analysts had expected revenue of about $13.63 billion, according to IBES data from Refinitiv.</p><p><blockquote>收入从去年同期的87.7亿美元增至137.6亿美元。根据Refinitiv的IBES数据，分析师此前预计营收约为136.3亿美元。</blockquote></p><p> Tesla's automotive gross margin, excluding environmental credits, rose to 28.8%, from 25.8% the previous quarter.</p><p><blockquote>特斯拉汽车毛利率（不包括环境信贷）从上一季度的25.8%升至28.8%。</blockquote></p><p> Tesla has been raising prices in the United States, which helped cushion the impact of the supply-chain costs, analysts said.</p><p><blockquote>分析师表示，特斯拉一直在提高美国的价格，这有助于缓冲供应链成本的影响。</blockquote></p><p> \"Tesla's average selling price (ASP) of vehicles were higher than expected and the U.S. market drove that,\" said Gene Munster, managing partner at venture capital firm Loup Ventures, an investor in Tesla. Tesla said its ongoing cost-cutting efforts helped counter the declines in its ASPs stemming from sales of lower-priced vehicles like the Model 3 and Model Y.</p><p><blockquote>特斯拉投资者、风险投资公司Loup Ventures的管理合伙人吉恩·蒙斯特(Gene Munster)表示：“特斯拉汽车的平均售价(ASP)高于预期，美国市场推动了这一趋势。”特斯拉表示，其持续的成本削减努力有助于应对因Model 3和Model Y等低价汽车销售而导致的平均售价下降。</blockquote></p><p> Tesla has cut costs with the use of more Chinese parts including batteries. The company posted robust sales in China, where its Shanghai factory has surpassed the Tesla factory in Fremont, California, in terms of production.</p><p><blockquote>特斯拉通过使用包括电池在内的更多中国零部件来削减成本。该公司在中国的销售表现强劲，其上海工厂的产量已经超过了位于加州弗里蒙特的特斯拉工厂。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bdf4574208dc79952acb2a1ca49c22b2\" tg-width=\"960\" tg-height=\"582\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla beats Q3 revenue estimates but supply-chain problems impacting factories<blockquote>特斯拉第三季度收入超出预期，但供应链问题影响工厂</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\">\nTesla beats Q3 revenue estimates but supply-chain problems impacting factories<blockquote>特斯拉第三季度收入超出预期，但供应链问题影响工厂</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\">2021-10-21 06:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla Inc&nbsp;on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.</p><p><blockquote>特斯拉公司周三公布的第三季度营收超出了华尔街预期，交付量创历史新高，这家电动汽车制造商克服了全球芯片和原材料长期短缺的问题。</blockquote></p><p> Tesla said it aims to increase production in the fourth quarter from the previous quarter, adding that \"the magnitude of growth will be determined largely by outside factors.\"</p><p><blockquote>特斯拉表示，其目标是在第四季度环比增加产量，并补充说“增长幅度将在很大程度上取决于外部因素。”</blockquote></p><p> \"A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,\" the company said.</p><p><blockquote>该公司表示：“半导体短缺、港口拥堵和轮流停电等各种挑战一直在影响我们保持工厂全速运转的能力。”</blockquote></p><p> Tesla, the world's most valuable automaker, has weathered the pandemic and the global supply-chain crisis better than rivals, posting record revenue for the fifth consecutive quarter in the July to September period, fueled by a production ramp-up at its Chinese factory.</p><p><blockquote>全球最有价值的汽车制造商特斯拉比竞争对手更好地抵御了疫情和全球供应链危机，在中国工厂产量增加的推动下，7月至9月期间连续第五个季度实现创纪录的收入。</blockquote></p><p> Led by billionaire Elon Musk, Tesla faces challenges of maintaining its growth in the face of a prolonged chip shortage, with its factories starting production in Berlin and Texas this year.</p><p><blockquote>在亿万富翁Elon Musk的领导下，特斯拉面临着在芯片长期短缺的情况下保持增长的挑战，其工厂今年在柏林和德克萨斯开始生产。</blockquote></p><p> Tesla shares, up about 23% this year, were down about 1.6% in extended trade late on Wednesday.</p><p><blockquote>特斯拉股价今年上涨约23%，周三尾盘交易中下跌约1.6%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d998d6369e593952a4c3d57b9224c4a6\" tg-width=\"848\" tg-height=\"619\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Revenue rose to $13.76 billion from $8.77 billion a year earlier. Analysts had expected revenue of about $13.63 billion, according to IBES data from Refinitiv.</p><p><blockquote>收入从去年同期的87.7亿美元增至137.6亿美元。根据Refinitiv的IBES数据，分析师此前预计营收约为136.3亿美元。</blockquote></p><p> Tesla's automotive gross margin, excluding environmental credits, rose to 28.8%, from 25.8% the previous quarter.</p><p><blockquote>特斯拉汽车毛利率（不包括环境信贷）从上一季度的25.8%升至28.8%。</blockquote></p><p> Tesla has been raising prices in the United States, which helped cushion the impact of the supply-chain costs, analysts said.</p><p><blockquote>分析师表示，特斯拉一直在提高美国的价格，这有助于缓冲供应链成本的影响。</blockquote></p><p> \"Tesla's average selling price (ASP) of vehicles were higher than expected and the U.S. market drove that,\" said Gene Munster, managing partner at venture capital firm Loup Ventures, an investor in Tesla. Tesla said its ongoing cost-cutting efforts helped counter the declines in its ASPs stemming from sales of lower-priced vehicles like the Model 3 and Model Y.</p><p><blockquote>特斯拉投资者、风险投资公司Loup Ventures的管理合伙人吉恩·蒙斯特(Gene Munster)表示：“特斯拉汽车的平均售价(ASP)高于预期，美国市场推动了这一趋势。”特斯拉表示，其持续的成本削减努力有助于应对因Model 3和Model Y等低价汽车销售而导致的平均售价下降。</blockquote></p><p> Tesla has cut costs with the use of more Chinese parts including batteries. The company posted robust sales in China, where its Shanghai factory has surpassed the Tesla factory in Fremont, California, in terms of production.</p><p><blockquote>特斯拉通过使用包括电池在内的更多中国零部件来削减成本。该公司在中国的销售表现强劲，其上海工厂的产量已经超过了位于加州弗里蒙特的特斯拉工厂。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bdf4574208dc79952acb2a1ca49c22b2\" tg-width=\"960\" tg-height=\"582\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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":"1181020907","content_text":"Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.\nTesla said it aims to increase production in the fourth quarter from the previous quarter, adding that \"the magnitude of growth will be determined largely by outside factors.\"\n\"A variety of challenges, including semiconductor shortages, congestion at ports and rolling blackouts, have been impacting our ability to keep factories running at full speed,\" the company said.\nTesla, the world's most valuable automaker, has weathered the pandemic and the global supply-chain crisis better than rivals, posting record revenue for the fifth consecutive quarter in the July to September period, fueled by a production ramp-up at its Chinese factory.\nLed by billionaire Elon Musk, Tesla faces challenges of maintaining its growth in the face of a prolonged chip shortage, with its factories starting production in Berlin and Texas this year.\nTesla shares, up about 23% this year, were down about 1.6% in extended trade late on Wednesday.\n\nRevenue rose to $13.76 billion from $8.77 billion a year earlier. Analysts had expected revenue of about $13.63 billion, according to IBES data from Refinitiv.\nTesla's automotive gross margin, excluding environmental credits, rose to 28.8%, from 25.8% the previous quarter.\nTesla has been raising prices in the United States, which helped cushion the impact of the supply-chain costs, analysts said.\n\"Tesla's average selling price (ASP) of vehicles were higher than expected and the U.S. market drove that,\" said Gene Munster, managing partner at venture capital firm Loup Ventures, an investor in Tesla. Tesla said its ongoing cost-cutting efforts helped counter the declines in its ASPs stemming from sales of lower-priced vehicles like the Model 3 and Model Y.\nTesla has cut costs with the use of more Chinese parts including batteries. The company posted robust sales in China, where its Shanghai factory has surpassed the Tesla factory in Fremont, California, in terms of production.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1023,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}