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NicNic

NicNic

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2021-06-24

[Miser]

抱歉，原内容已删除

2021-06-11

Tiger is here!

以史为鉴，美国通胀飙升后的演绎与影响

2021-06-11

Tiger is here!

以史为鉴，美国通胀飙升后的演绎与影响

2021-06-11

Tiger is here!

一张图读懂滴滴招股书：遍布15国，日均单量4100万

2021-04-21

[微笑]

抱歉，原内容已删除

2021-04-11

[无语]

抱歉，原内容已删除

2021-04-10

[财迷]

抱歉，原内容已删除

2021-04-09

[微笑]

Next Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</blockquote>

2021-04-05

[财迷]

抱歉，原内容已删除

2021-03-31

[开心]

Why Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote>

2021-03-30

[贱笑]

抱歉，原内容已删除

2021-03-26

[呆住]

抱歉，原内容已删除

2021-03-25

[开心]

抱歉，原内容已删除

2021-03-24

[微笑]

抱歉，原内容已删除

2021-03-23

[真香] [真香] [真香]

Kuaishou Technology Posts FY Loss Attributable Of RMB 116.64 Billion<blockquote>快手科技公布财年归属亏损1166.4亿元人民币</blockquote>

2021-03-15

[开心]

Dow opens higher as blue-chip index looks to add to record<blockquote>道琼斯指数高开，蓝筹股指数有望再创历史新高</blockquote>

2021-03-03

$SOS Limited(SOS)$[财迷]

Making A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know<blockquote>列出最值得关注的加密货币股票？4个需要知道的名字</blockquote>

2021-02-25

Wow

抱歉，原内容已删除

2021-02-23

[财迷]

抱歉，原内容已删除

2021-02-17

[笑哭]

抱歉，原内容已删除

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is here!","listText":"Tiger is here!","text":"Tiger is here!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181491872","repostId":"1156453091","repostType":4,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://www.laohu8.com/m/news/1156453091?lang=zh_CN&edition=full","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"以史为鉴，美国通胀飙升后的演绎与影响","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。<b>美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。</b>我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：</p>\n<p><b>1960年以来美国CPI同比破5%出现了4次</b>(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。</p>\n<p><b>1968/06-1971/09</b>：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。</p>\n<p><b>1973/03-1982/11：</b>粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。</p>\n<p><b>1987/08-1991/07：</b>走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。</p>\n<p><b>2007/11-2008/09：</b>油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。</p>\n<p><b>当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。</b></p>\n<p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p>\n<p><b>本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。</b>今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是<b>从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。</b></p>\n<p><b>对于今年通胀的演绎，我们重点关注二手车和房租两个分项。</b></p>\n<p><b>通胀的主要推力之一为二手车。</b>东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。</p>\n<p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p>\n<p><b>房租价格走势对未来通胀的演绎有重要影响。</b>美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们<b>预计受到供给短缺的影响，未来房租将会持续温和地上升</b>。</p>\n<p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p>\n<p><b>通胀预期走势如何?</b></p>\n<p>从消费者的角度，密西根预期通胀率数据显示，2<b>021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。</b></p>\n<p>从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为<b>共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。</b></p>\n<p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p>\n<p><b>未来通胀将会怎样影响资产价格?</b></p>\n<p>我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：<b>通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。</b>有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。</p>\n<p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p>\n<p><b>风险提示：</b>美联储过快收紧货币政策，地缘政治风险加剧</p>\n<hr>\n<p>恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">【七周年有奖活动】老虎大搜查 </a>了解）</p>\n<p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>以史为鉴，美国通胀飙升后的演绎与影响</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n以史为鉴，美国通胀飙升后的演绎与影响\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 21:58 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/492521.html><strong>川阅全球宏观</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181508504,"gmtCreate":1623399703408,"gmtModify":1634033747533,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"Tiger is here!","listText":"Tiger is here!","text":"Tiger is here!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181508504","repostId":"1156453091","repostType":2,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://www.laohu8.com/m/news/1156453091?lang=zh_CN&edition=full","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"以史为鉴，美国通胀飙升后的演绎与影响","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。<b>美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。</b>我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：</p>\n<p><b>1960年以来美国CPI同比破5%出现了4次</b>(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。</p>\n<p><b>1968/06-1971/09</b>：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。</p>\n<p><b>1973/03-1982/11：</b>粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。</p>\n<p><b>1987/08-1991/07：</b>走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。</p>\n<p><b>2007/11-2008/09：</b>油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。</p>\n<p><b>当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。</b></p>\n<p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p>\n<p><b>本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。</b>今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是<b>从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。</b></p>\n<p><b>对于今年通胀的演绎，我们重点关注二手车和房租两个分项。</b></p>\n<p><b>通胀的主要推力之一为二手车。</b>东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。</p>\n<p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p>\n<p><b>房租价格走势对未来通胀的演绎有重要影响。</b>美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们<b>预计受到供给短缺的影响，未来房租将会持续温和地上升</b>。</p>\n<p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p>\n<p><b>通胀预期走势如何?</b></p>\n<p>从消费者的角度，密西根预期通胀率数据显示，2<b>021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。</b></p>\n<p>从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为<b>共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。</b></p>\n<p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p>\n<p><b>未来通胀将会怎样影响资产价格?</b></p>\n<p>我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：<b>通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。</b>有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。</p>\n<p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p>\n<p><b>风险提示：</b>美联储过快收紧货币政策，地缘政治风险加剧</p>\n<hr>\n<p>恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">【七周年有奖活动】老虎大搜查 </a>了解）</p>\n<p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>以史为鉴，美国通胀飙升后的演绎与影响</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n以史为鉴，美国通胀飙升后的演绎与影响\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 21:58 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/492521.html><strong>川阅全球宏观</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1755,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181503228,"gmtCreate":1623399655264,"gmtModify":1634033748336,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"Tiger is here!","listText":"Tiger is here!","text":"Tiger is here!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181503228","repostId":"1140839418","repostType":2,"repost":{"id":"1140839418","kind":"news","pubTimestamp":1623382205,"share":"https://www.laohu8.com/m/news/1140839418?lang=zh_CN&edition=full","pubTime":"2021-06-11 11:30","market":"us","language":"zh","title":"一张图读懂滴滴招股书：遍布15国，日均单量4100万","url":"https://stock-news.laohu8.com/highlight/detail?id=1140839418","media":"腾讯科技","summary":"6月11日消息，美国当地时间周四，$滴滴出行 $的运营主体小桔快智向美国证券交易委员会提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。","content":"<p>6月11日消息，美国当地时间周四，<a href=\"https://laohu8.com/S/DIDI\">滴滴出行</a>的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。</p>\n<p>根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。</p>\n<p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p>\n<hr>\n<p>恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">【七周年有奖活动】老虎大搜查</a> 了解）<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>\n<p></p>","source":"txkj","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>一张图读懂滴滴招股书：遍布15国，日均单量4100万</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; 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.h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n一张图读懂滴滴招股书：遍布15国，日均单量4100万\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 11:30 北京时间&nbsp;&nbsp;&nbsp;<a href=https://new.qq.com/rain/a/20210611A02NC800><strong>腾讯科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机...</p>\n\n<a href=\"https://new.qq.com/rain/a/20210611A02NC800\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/rain/a/20210611A02NC800","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140839418","content_text":"6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。\n\n\n恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":1655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378393883,"gmtCreate":1618997788142,"gmtModify":1634289335582,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378393883","repostId":"1185015358","repostType":2,"isVote":1,"tweetType":1,"viewCount":2605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":346788319,"gmtCreate":1618113448131,"gmtModify":1634294840214,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"[无语]&nbsp;","listText":"[无语]&nbsp;","text":"[无语]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346788319","repostId":"1133841778","repostType":4,"isVote":1,"tweetType":1,"viewCount":2287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":346277275,"gmtCreate":1618059433797,"gmtModify":1634295030771,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346277275","repostId":"1142324412","repostType":4,"isVote":1,"tweetType":1,"viewCount":2169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":346079228,"gmtCreate":1617977271864,"gmtModify":1634295416782,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346079228","repostId":"1168300924","repostType":4,"repost":{"id":"1168300924","kind":"news","pubTimestamp":1617955250,"share":"https://www.laohu8.com/m/news/1168300924?lang=zh_CN&edition=full","pubTime":"2021-04-09 16:00","market":"us","language":"en","title":"Next Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168300924","media":"barrons","summary":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Pa","content":"<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p><blockquote>4月的第二周将成为IPO市场相对强劲的时期。又有多达四家公司在股市首次亮相，使总数至少达到六家。</blockquote></p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p><blockquote>美国最大的加密货币交易所Coinbase定于4月14日星期三开业交易。三位知情人士表示，Applovin和图森未来将于第二天上市。Agilon Health将于周四首次亮相。</blockquote></p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p><blockquote>据报道，银行软件公司Alkami Technology和生产环保一次性食品服务产品的Karat Packaging也将上市。</blockquote></p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p><blockquote>相比之下，本周有两家公司Reneo Pharmaceuticals和VectivBio Holding上市。这两家公司都是小型生物技术公司，预计将于周五在纳斯达克开始交易。</blockquote></p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p><blockquote>Applovin周三设定了首次公开募股的条款。该公司将以每股75至85美元的价格发行2500万股股票，这意味着如果该股票以该区间的高端出售，它可以筹集高达21.3亿美元的资金。该公司计划在纳斯达克以APP为代码进行交易。</blockquote></p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p><blockquote>Applovin招股说明书中列出了18家承销商，包括摩根士丹利（股票代码：MS）、摩根大通(JPM)、KKR、美国银行(BAC)美银证券和花旗集团(C)。</blockquote></p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p><blockquote>Applovin成立于2012年，提供手机游戏开发商用来发展业务的软件。据该公司称，每天约有4.1亿人打开包含Applovin软件的应用程序。Applovin还拥有200多款免费手机游戏，日用户达3200万。</blockquote></p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p><blockquote>2018年，KKR以4亿美元收购了Applovin的少数股权，当时Applovin的估值为20亿美元。Applovin今年2月以10亿美元收购了Adjust，这是一家帮助移动应用开发者衡量应用性能和防止欺诈的公司。招股说明书称，IPO后KKR将拥有该公司67.4%的股份。</blockquote></p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p><blockquote>Applovin的流通股为357,955,309股，市值可能达到300亿美元。</blockquote></p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p><blockquote>图森未来还设定了IPO条款。这家自动驾驶技术公司可能筹集高达13亿美元的资金；该公司以每股35至39美元的价格发行近3400万股股票。它将在纳斯达克交易，股票代码为TSP。</blockquote></p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p><blockquote>摩根士丹利（MS）、花旗集团和摩根大通（JPM）是该交易的牵头账簿管理人。</blockquote></p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p><blockquote>图森未来成立于2015年，旨在改变价值8000亿美元的卡车运输业。这家圣地亚哥公司除了在日本开展业务外，还在图森、上海和北京设有工厂，正在为长途半挂卡车开发自动货运网络，据称这将提高道路效率和安全性，同时削减运营成本。</blockquote></p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p><blockquote>图森未来为4级自动驾驶长途卡车开发软件，可以看到1000米以外的地方，相当于30秒的驾驶时间。高清地图提供了五厘米以内的精度。</blockquote></p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p><blockquote>招股说明书称，该公司正在与Navistar(NAV)合作，到2024年为北美市场开发卡车。图森未来与大众汽车子公司TRATON在欧洲建立了卡车合作伙伴关系。Navistar、TRATON和联合包裹服务公司(UPS)都是投资者。</blockquote></p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p><blockquote>图森未来已筹集8亿美元资金，其中包括11月份由VectoIQ领投的3.5亿美元融资。招股说明书称，贝莱德(BR)、富达管理与研究公司和资本集团正在洽谈以IPO价格购买最多1010万股图森未来股票。</blockquote></p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</p><p><blockquote>该公司将拥有212,263,328股已发行股票，这意味着图森未来的市值可能攀升至83亿美元。然而，图森未来并未盈利。亏损从2019年的8490万美元扩大至2020年的1.779亿美元。2020年收入增长近160%至180万美元。</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>Next Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</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\">\nNext Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">barrons</strong><span class=\"h-time small\">2021-04-09 16:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p><blockquote>4月的第二周将成为IPO市场相对强劲的时期。又有多达四家公司在股市首次亮相，使总数至少达到六家。</blockquote></p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p><blockquote>美国最大的加密货币交易所Coinbase定于4月14日星期三开业交易。三位知情人士表示，Applovin和图森未来将于第二天上市。Agilon Health将于周四首次亮相。</blockquote></p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p><blockquote>据报道，银行软件公司Alkami Technology和生产环保一次性食品服务产品的Karat Packaging也将上市。</blockquote></p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p><blockquote>相比之下，本周有两家公司Reneo Pharmaceuticals和VectivBio Holding上市。这两家公司都是小型生物技术公司，预计将于周五在纳斯达克开始交易。</blockquote></p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p><blockquote>Applovin周三设定了首次公开募股的条款。该公司将以每股75至85美元的价格发行2500万股股票，这意味着如果该股票以该区间的高端出售，它可以筹集高达21.3亿美元的资金。该公司计划在纳斯达克以APP为代码进行交易。</blockquote></p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p><blockquote>Applovin招股说明书中列出了18家承销商，包括摩根士丹利（股票代码：MS）、摩根大通(JPM)、KKR、美国银行(BAC)美银证券和花旗集团(C)。</blockquote></p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p><blockquote>Applovin成立于2012年，提供手机游戏开发商用来发展业务的软件。据该公司称，每天约有4.1亿人打开包含Applovin软件的应用程序。Applovin还拥有200多款免费手机游戏，日用户达3200万。</blockquote></p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p><blockquote>2018年，KKR以4亿美元收购了Applovin的少数股权，当时Applovin的估值为20亿美元。Applovin今年2月以10亿美元收购了Adjust，这是一家帮助移动应用开发者衡量应用性能和防止欺诈的公司。招股说明书称，IPO后KKR将拥有该公司67.4%的股份。</blockquote></p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p><blockquote>Applovin的流通股为357,955,309股，市值可能达到300亿美元。</blockquote></p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p><blockquote>图森未来还设定了IPO条款。这家自动驾驶技术公司可能筹集高达13亿美元的资金；该公司以每股35至39美元的价格发行近3400万股股票。它将在纳斯达克交易，股票代码为TSP。</blockquote></p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p><blockquote>摩根士丹利（MS）、花旗集团和摩根大通（JPM）是该交易的牵头账簿管理人。</blockquote></p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p><blockquote>图森未来成立于2015年，旨在改变价值8000亿美元的卡车运输业。这家圣地亚哥公司除了在日本开展业务外，还在图森、上海和北京设有工厂，正在为长途半挂卡车开发自动货运网络，据称这将提高道路效率和安全性，同时削减运营成本。</blockquote></p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p><blockquote>图森未来为4级自动驾驶长途卡车开发软件，可以看到1000米以外的地方，相当于30秒的驾驶时间。高清地图提供了五厘米以内的精度。</blockquote></p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p><blockquote>招股说明书称，该公司正在与Navistar(NAV)合作，到2024年为北美市场开发卡车。图森未来与大众汽车子公司TRATON在欧洲建立了卡车合作伙伴关系。Navistar、TRATON和联合包裹服务公司(UPS)都是投资者。</blockquote></p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p><blockquote>图森未来已筹集8亿美元资金，其中包括11月份由VectoIQ领投的3.5亿美元融资。招股说明书称，贝莱德(BR)、富达管理与研究公司和资本集团正在洽谈以IPO价格购买最多1010万股图森未来股票。</blockquote></p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</p><p><blockquote>该公司将拥有212,263,328股已发行股票，这意味着图森未来的市值可能攀升至83亿美元。然而，图森未来并未盈利。亏损从2019年的8490万美元扩大至2020年的1.779亿美元。2020年收入增长近160%至180万美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?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":{"COIN":"Coinbase Global, Inc.","APP":"AppLovin Corporation","ALKT":"Alkami Technology, Inc.","KRT":"Karat Packaging Inc."},"source_url":"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168300924","content_text":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR, Bank of America‘s (BAC) BofA Securities, andCitigroup(C).Founded in 2012, Applovin provides software used by mobile-game developers to grow their businesses.  Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management & Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.","news_type":1,"symbols_score_info":{"KRT":0.9,"RPHM":0.9,"TSP":0.9,"APP":0.9,"ALKT":0.9,"VECT":0.9,"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":2256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":349565316,"gmtCreate":1617627005435,"gmtModify":1634297483013,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/349565316","repostId":"1130269034","repostType":4,"isVote":1,"tweetType":1,"viewCount":2422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":354408713,"gmtCreate":1617193594332,"gmtModify":1634522166235,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/354408713","repostId":"1126047060","repostType":4,"repost":{"id":"1126047060","kind":"news","pubTimestamp":1617185695,"share":"https://www.laohu8.com/m/news/1126047060?lang=zh_CN&edition=full","pubTime":"2021-03-31 18:14","market":"us","language":"en","title":"Why Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126047060","media":"Barron's","summary":"The ARK Space Exploration & Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.That is because ARK’s space fund  isn’t limited to companies directly involved ","content":"<p>The ARK Space Exploration &amp; Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.</p><p><blockquote>方舟太空探索与创新交易所交易基金是凯西·伍德(Cathie Wood)方舟投资管理公司(ARK Investment Management)的第八只基金，在周二推出时吸引了众多眼球。但投资者在该基金的投资组合中发现了一些惊喜：太空探索相关领域的一些受欢迎的公司没有被包括在内，而其他看似不相关的公司——包括六家互联网科技巨头——却占据了很大的权重。</blockquote></p><p>That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.</p><p><blockquote>这是因为方舟的太空基金（股票代码：ARKX）不仅限于直接参与太空业务的公司，还包括间接推动太空繁荣的其他创新。例如，该ETF拥有谷歌母公司Alphabet（股票代码：GOOG），因为它是人工智能领域的领导者。另一家控股公司英伟达(NVDA)生产计算机芯片，使火箭能够高效运行。</blockquote></p><p>The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”</p><p><blockquote>该基金的第二大头寸是另一只ARK产品，价值5.48亿美元的ARK 3D打印ETF(PRNT)。ARK客户投资组合经理Ren Leggi表示，这是因为出于成本、重量和耐用性等原因，许多火箭部件都是3D打印的。可以肯定的是，ARK 3D打印ETF的0.66%管理费全额返还给ARKX投资者。“我们不会二次探底，”莱吉说，“你不会支付双层费用。”</blockquote></p><p>The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”</p><p><blockquote>该基金还持有能够从航空航天相关技术发展中受益的公司。亚马逊（AMZN）和阿里巴巴-SW（BABA）等电子商务巨头也被包括在内，因为如果市场成熟并扩大规模，它们可以节省送货成本并从无人机中产生收入。随着卫星宽带将更多人连接到互联网，另一家控股公司Netflix(NFLX)可能会释放数百万新用户。“有30亿人无法访问互联网，”莱吉说。“卫星连接打开了市场。它确实与地面上的任何东西有关。”</blockquote></p><p>Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.</p><p><blockquote>尽管如此，该基金仍有一个明显的遗漏：它不持有任何将通过与特殊目的收购公司（SPAC）合并上市的新的纯太空公司。</blockquote></p><p>Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.</p><p><blockquote>这些选择将包括美国火箭实验室和阿斯特拉，这两家发射服务公司目前正在将商业有效载荷送入近地轨道。这对组合分别与Vector Acquisition(VACQ)和Holicity(HOL)合并。BlackSky和Spire Global这两家地球成像公司将分别与Osprey Technology Acquisition(SFWT)和NavSight(NSH)合并。</blockquote></p><p>Others include AST &amp; Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.</p><p><blockquote>其他公司包括正在与New Providence Acquisition(NPA)合并的AST&amp;Science。该公司正在安装数百颗卫星来提供移动电话基础设施。Momentus与Redwire一起提供支持新商业太空参与者的基础设施服务。这两家公司分别与Stable Road Acquisition(SRAC)和Genesis Park Acquisition(GNPK)合并。</blockquote></p><p>The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.</p><p><blockquote>根据SPAC合并完成后每家公司的已发行股票数量计算，这七家公司的市值约为160亿美元。但这些名字都没有包含在方舟太空基金的投资组合中——至少现在还没有。</blockquote></p><p>ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.</p><p><blockquote>Leggi表示，如果合并目标已经确定，ARK愿意投资SPAC，但他们需要审查比SPAC合并演示文稿中通常提供的更多的财务数据。</blockquote></p><p>High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.</p><p><blockquote>高估值也让ARK等待了一些名字。Leggi表示：“它们符合我们的主题，但从估值角度来看，它们没有达到我们未来五年的最低利率。”他指出，该基金寻找能够为投资者提供15%年化回报的公司。“我们将保持耐心，继续跟踪他们。如果我们有机会，我们会介入。他们中的很多人都非常有趣，”他补充道。</blockquote></p><p>ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.</p><p><blockquote>ARK并不是唯一一个对进入太空SPAC犹豫不决的公司。该太空基金的竞争对手、价值1.29亿美元的Procure Space ETF(UFO)也不拥有任何SPAC。与主动管理的ARK ETF不同，Procure基金跟踪基础指数，并制定预定规则，禁止在合并完成之前投资SPAC。</blockquote></p><p>“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”</p><p><blockquote>Procure ETF首席执行官安德鲁·查宁(Andrew Chanin)告诉《巴伦周刊》：“任何SPAC都面临巨大风险。”“宣布了一个目标，但由于多种原因交易没有通过。那么你看到的是一家除了提议的目标之外没有任何空间敞口的公司。”</blockquote></p><p>The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).</p><p><blockquote>在SPAC合并完成后不久，Procure ETF就在其持有的股票中增加了新的公开股票，例如太空旅游先驱维珍银河(SPCE)。</blockquote></p><p>The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.</p><p><blockquote>Procure ETF声称是一种“更纯粹”的游戏。根据指数要求，其投资组合的80%以上必须投资于大部分收入来自太空相关业务和活动的公司。其余20%属于多元化的航空航天国防公司，例如波音(BA)和洛克希德·马丁公司(LMT)，这些公司也从其太空相关部门产生了大量收入（尽管不是大部分）。</blockquote></p><p></p><p>“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”</p><p><blockquote>“任何人都可以说，几乎每家上市公司都涉足太空，或者太空在该公司的成功能力中发挥着作用，”查宁说。“对我们来说，这并不是要就一家公司如何从太空中受益进行细致入微的争论。”</blockquote></p><p><b>Differing Exposures</b></p><p><blockquote><b>不同的暴露</b></blockquote></p><p>Percentage of portfolio in selected industries.</p><p><blockquote>所选行业投资组合的百分比。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7610169c4e1c63baad57b034b647f2ef\" tg-width=\"1242\" tg-height=\"975\" referrerpolicy=\"no-referrer\">Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.</p><p><blockquote>尽管存在差异，但两只基金均持有相同的顶级持股Trimble(TRMB)，在ARK基金中的权重为8.6%，在Procure基金中的权重为5.2%。该公司正在进军多个太空相关领域，为无人机提供软件、数据和传感器，以及为太空建设和物流提供车队管理服务。</blockquote></p><p>Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&amp;P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.</p><p><blockquote>Procure的太空基金于2019年4月启动。2020年下跌2%，而标普500则上涨18.4%。今年迄今为止，Procure基金已上涨11.1%，比整体指数高出5个百分点。</blockquote></p><p>The ARK space fund finished its first trading day on Tuesday down 1%. The S&amp;P 500 fell less than 1%.</p><p><blockquote>ARK space基金周二首个交易日收盘下跌1%。标普500跌不到1%。</blockquote></p><p>And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. The company is already carrying payloads into space and has the ability to build and manage satellites.</p><p><blockquote>尽管这两只基金都没有投资太空SPAC，但投资者仍然可以通过购买其SPAC的股票来拥有其中的一部分。《巴伦周刊》最近对火箭实验室进行了积极评价，认为它是寻求新太空投资的成长型投资者的最佳选择。该公司已经将有效载荷送入太空，并有能力建造和管理卫星。</blockquote></p><p></p>","source":"lsy1610680873436","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 Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-03-31 18:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The ARK Space Exploration &amp; Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.</p><p><blockquote>方舟太空探索与创新交易所交易基金是凯西·伍德(Cathie Wood)方舟投资管理公司(ARK Investment Management)的第八只基金，在周二推出时吸引了众多眼球。但投资者在该基金的投资组合中发现了一些惊喜：太空探索相关领域的一些受欢迎的公司没有被包括在内，而其他看似不相关的公司——包括六家互联网科技巨头——却占据了很大的权重。</blockquote></p><p>That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.</p><p><blockquote>这是因为方舟的太空基金（股票代码：ARKX）不仅限于直接参与太空业务的公司，还包括间接推动太空繁荣的其他创新。例如，该ETF拥有谷歌母公司Alphabet（股票代码：GOOG），因为它是人工智能领域的领导者。另一家控股公司英伟达(NVDA)生产计算机芯片，使火箭能够高效运行。</blockquote></p><p>The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”</p><p><blockquote>该基金的第二大头寸是另一只ARK产品，价值5.48亿美元的ARK 3D打印ETF(PRNT)。ARK客户投资组合经理Ren Leggi表示，这是因为出于成本、重量和耐用性等原因，许多火箭部件都是3D打印的。可以肯定的是，ARK 3D打印ETF的0.66%管理费全额返还给ARKX投资者。“我们不会二次探底，”莱吉说，“你不会支付双层费用。”</blockquote></p><p>The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”</p><p><blockquote>该基金还持有能够从航空航天相关技术发展中受益的公司。亚马逊（AMZN）和阿里巴巴-SW（BABA）等电子商务巨头也被包括在内，因为如果市场成熟并扩大规模，它们可以节省送货成本并从无人机中产生收入。随着卫星宽带将更多人连接到互联网，另一家控股公司Netflix(NFLX)可能会释放数百万新用户。“有30亿人无法访问互联网，”莱吉说。“卫星连接打开了市场。它确实与地面上的任何东西有关。”</blockquote></p><p>Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.</p><p><blockquote>尽管如此，该基金仍有一个明显的遗漏：它不持有任何将通过与特殊目的收购公司（SPAC）合并上市的新的纯太空公司。</blockquote></p><p>Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.</p><p><blockquote>这些选择将包括美国火箭实验室和阿斯特拉，这两家发射服务公司目前正在将商业有效载荷送入近地轨道。这对组合分别与Vector Acquisition(VACQ)和Holicity(HOL)合并。BlackSky和Spire Global这两家地球成像公司将分别与Osprey Technology Acquisition(SFWT)和NavSight(NSH)合并。</blockquote></p><p>Others include AST &amp; Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.</p><p><blockquote>其他公司包括正在与New Providence Acquisition(NPA)合并的AST&amp;Science。该公司正在安装数百颗卫星来提供移动电话基础设施。Momentus与Redwire一起提供支持新商业太空参与者的基础设施服务。这两家公司分别与Stable Road Acquisition(SRAC)和Genesis Park Acquisition(GNPK)合并。</blockquote></p><p>The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.</p><p><blockquote>根据SPAC合并完成后每家公司的已发行股票数量计算，这七家公司的市值约为160亿美元。但这些名字都没有包含在方舟太空基金的投资组合中——至少现在还没有。</blockquote></p><p>ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.</p><p><blockquote>Leggi表示，如果合并目标已经确定，ARK愿意投资SPAC，但他们需要审查比SPAC合并演示文稿中通常提供的更多的财务数据。</blockquote></p><p>High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.</p><p><blockquote>高估值也让ARK等待了一些名字。Leggi表示：“它们符合我们的主题，但从估值角度来看，它们没有达到我们未来五年的最低利率。”他指出，该基金寻找能够为投资者提供15%年化回报的公司。“我们将保持耐心，继续跟踪他们。如果我们有机会，我们会介入。他们中的很多人都非常有趣，”他补充道。</blockquote></p><p>ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.</p><p><blockquote>ARK并不是唯一一个对进入太空SPAC犹豫不决的公司。该太空基金的竞争对手、价值1.29亿美元的Procure Space ETF(UFO)也不拥有任何SPAC。与主动管理的ARK ETF不同，Procure基金跟踪基础指数，并制定预定规则，禁止在合并完成之前投资SPAC。</blockquote></p><p>“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”</p><p><blockquote>Procure ETF首席执行官安德鲁·查宁(Andrew Chanin)告诉《巴伦周刊》：“任何SPAC都面临巨大风险。”“宣布了一个目标，但由于多种原因交易没有通过。那么你看到的是一家除了提议的目标之外没有任何空间敞口的公司。”</blockquote></p><p>The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).</p><p><blockquote>在SPAC合并完成后不久，Procure ETF就在其持有的股票中增加了新的公开股票，例如太空旅游先驱维珍银河(SPCE)。</blockquote></p><p>The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.</p><p><blockquote>Procure ETF声称是一种“更纯粹”的游戏。根据指数要求，其投资组合的80%以上必须投资于大部分收入来自太空相关业务和活动的公司。其余20%属于多元化的航空航天国防公司，例如波音(BA)和洛克希德·马丁公司(LMT)，这些公司也从其太空相关部门产生了大量收入（尽管不是大部分）。</blockquote></p><p></p><p>“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”</p><p><blockquote>“任何人都可以说，几乎每家上市公司都涉足太空，或者太空在该公司的成功能力中发挥着作用，”查宁说。“对我们来说，这并不是要就一家公司如何从太空中受益进行细致入微的争论。”</blockquote></p><p><b>Differing Exposures</b></p><p><blockquote><b>不同的暴露</b></blockquote></p><p>Percentage of portfolio in selected industries.</p><p><blockquote>所选行业投资组合的百分比。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7610169c4e1c63baad57b034b647f2ef\" tg-width=\"1242\" tg-height=\"975\" referrerpolicy=\"no-referrer\">Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.</p><p><blockquote>尽管存在差异，但两只基金均持有相同的顶级持股Trimble(TRMB)，在ARK基金中的权重为8.6%，在Procure基金中的权重为5.2%。该公司正在进军多个太空相关领域，为无人机提供软件、数据和传感器，以及为太空建设和物流提供车队管理服务。</blockquote></p><p>Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&amp;P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.</p><p><blockquote>Procure的太空基金于2019年4月启动。2020年下跌2%，而标普500则上涨18.4%。今年迄今为止，Procure基金已上涨11.1%，比整体指数高出5个百分点。</blockquote></p><p>The ARK space fund finished its first trading day on Tuesday down 1%. The S&amp;P 500 fell less than 1%.</p><p><blockquote>ARK space基金周二首个交易日收盘下跌1%。标普500跌不到1%。</blockquote></p><p>And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. The company is already carrying payloads into space and has the ability to build and manage satellites.</p><p><blockquote>尽管这两只基金都没有投资太空SPAC，但投资者仍然可以通过购买其SPAC的股票来拥有其中的一部分。《巴伦周刊》最近对火箭实验室进行了积极评价，认为它是寻求新太空投资的成长型投资者的最佳选择。该公司已经将有效载荷送入太空，并有能力建造和管理卫星。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-ark-space-etf-has-some-unexpected-holdings-51617150050?mod=hp_LEAD_1\">Barron's</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":"https://static.tigerbbs.com/55e4b11e868aab2bd1399f8a1e0cd685","relate_stocks":{},"source_url":"https://www.barrons.com/articles/the-ark-space-etf-has-some-unexpected-holdings-51617150050?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126047060","content_text":"The ARK Space Exploration & Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.Others include AST & Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”Differing ExposuresPercentage of portfolio in selected industries.Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.The ARK space fund finished its first trading day on Tuesday down 1%. The S&P 500 fell less than 1%.And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. 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The consolidated financial statements for the year ended December 31, 2020 have been audited by PricewaterhouseCoopers, the independent auditor of the Company (the “Auditor”) in accordance with International Standards on Auditing. The results have been reviewed by the Audit Committee.</p><p><blockquote>快手科技董事会已公布公司截至2020年12月31日止年度的经审核综合业绩。截至2020年12月31日止年度的综合财务报表已由本公司独立核数师罗兵咸永道会计师事务所（“核数师”）根据国际审计准则审核。业绩已由审核委员会审阅。</blockquote></p><p>Kuaishou Technology   :</p><p><blockquote>快手科技：</blockquote></p><p>* FY ADJUSTED NET LOSS RMB 7.95 BILLION VERSUS PROFIT OF RMB1.03 BILLION</p><p><blockquote>*财年调整后净亏损人民币79.5亿元，利润人民币10.3亿元</blockquote></p><p>* FY TOTAL REVENUE GREW TO RMB58.8 BILLION FROM RMB39.1 BILLION IN 2019</p><p><blockquote>*财年总收入由2019年的人民币391亿元增长至人民币588亿元</blockquote></p><p>* FY OPERATING LOSS RMB10.32 BILLION VERSUS PROFIT OF RMB688.7 MILLION</p><p><blockquote>*本财政年度经营亏损人民币103.2亿元，溢利为人民币6.887亿元</blockquote></p><p>* <a href=\"https://laohu8.com/S/KUASF\">KUAISHOU TECHNOLOGY</a> FY LOSS ATTRIBUTABLE RMB116.64 BILLION VERSUS LOSS OF RMB19.65 BILLION</p><p><blockquote>*<a href=\"https://laohu8.com/S/KUASF\">快手科技</a>财年应占亏损人民币1,166.4亿元，而亏损为人民币196.5亿元</blockquote></p><p>* FOR YEAR ENDED DEC 31 2020, AVERAGE DAUS 264.6 MILLION</p><p><blockquote>*截至2020年12月31日止年度，平均DAU为2.646亿</blockquote></p><p>* AVERAGE DAILY TIME SPENT PER DAU ON KUAISHOU APP INCREASED BY 17.0% TO 87.3 MINUTES IN 2020</p><p><blockquote>*2020年，每DAU在快手应用上的平均每日花费时间增加17.0%至87.3分钟</blockquote></p><p><img src=\"https://static.tigerbbs.com/1f8d1bb3c11601b54a2a0d85fc57137a\" tg-width=\"1181\" tg-height=\"659\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3aedc5bd25fa5a777d572283ab0a0793\" tg-width=\"785\" tg-height=\"857\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Business Overview </b></p><p><blockquote><b>业务概况</b></blockquote></p><p>Year 2020 was indeed a memorable year. COVID-19 surprised the world with challenges and uncertainties. It also changed how we live and brought new opportunities as people spent more time online to socialize, be entertained, shop, acquire knowledge and information and more. Kuaishou, as a leading content community and social platform, helped people discover a vast world of content that expands their interests and horizons. We also played a role in driving digitization and contributing to overall economic recovery. We will continue forging ahead to create value for our users and customers through our deep and diverse content offerings, effective service solutions and AI-powered technologies to help people discover their needs and use their talents to improve their lives and their unique brand of happiness.</p><p><blockquote>2020年确实是值得纪念的一年。新冠肺炎给世界带来了挑战和不确定性。它还改变了我们的生活方式，并带来了新的机会，因为人们花更多的时间在网上社交、娱乐、购物、获取知识和信息等。快手作为领先的内容社区和社交平台，帮助人们发现了广阔的内容世界，拓展了他们的兴趣和视野。我们还在推动数字化和促进整体经济复苏方面发挥了作用。我们将继续锐意进取，通过我们丰富多样的内容产品、有效的服务解决方案和人工智能技术，为我们的用户和客户创造价值，帮助人们发现他们的需求，利用他们的才能改善他们的生活和他们独特的幸福品牌。</blockquote></p><p>In 2020, we continued enriching our content, product and service offerings to discover and serve our users’ needs to keep them actively engaged within our ecosystem. As a result, we have seen a substantial increase of our user base in 2020 as well as robust gains in user engagement. Our average DAUs and MAUs on all our apps and mini programs in China in 2020 were 308.1 million and 777.0 million, respectively. The average DAUs and MAUs on Kuaishou App in 2020 were 264.6 million and 481.1 million, respectively, representing a year-over-year increase of 50.7% and 45.6%, respectively. The average daily time spent per DAU on Kuaishou App increased by 17.0% to 87.3 minutes in 2020 from 74.6 minutes in 2019.</p><p><blockquote>2020年，我们继续丰富我们的内容、产品和服务，以发现和满足用户的需求，让他们积极参与我们的生态系统。因此，我们看到我们的用户群在2020年大幅增长，用户参与度也强劲增长。2020年，我们在中国所有应用程序及小程序的平均日活跃用户数及月活跃用户数分别为308.1百万及777.0百万。2020年快手应用的平均日活跃用户数和月活跃用户数分别为2.646亿和4.811亿，同比分别增长50.7%和45.6%。每个DAU在快手应用上的平均每日花费时间由2019年的74.6分钟增加17.0%至2020年的87.3分钟。</blockquote></p><p>We are committed to improving the quality, relevance and diversity of our content offerings to address evolving user interests and needs on our platform, which in turn encourages content creation. Our growing user base forms the bedrock of our content community and our users are the key sources of boundless creativity. Over 25% of our average MAUs on Kuaishou App were content creators in 2020. We also started exploring new content formats that can contribute to the vibrancy of our ecosystem and attract new users.</p><p><blockquote>我们致力于提高内容产品的质量、相关性和多样性，以满足我们平台上不断变化的用户兴趣和需求，从而鼓励内容创作。我们不断增长的用户群构成了我们内容社区的基石，我们的用户是无限创意的关键来源。2020年，我们在快手应用上的平均月活跃用户中超过25%为内容创作者。我们还开始探索新的内容格式，以增强我们生态系统的活力并吸引新用户。</blockquote></p><p>Kuaishou has inspired many to create and has become the platform of choice for content creation and business activities. As more users use Kuaishou App, the more diverse and vibrant our ecosystem becomes, thereby increasing user engagement and the value we provide to our ecosystem participants. Users’ interactions and trust greatly enhance our monetization capabilities, which in turn, attracts more advertisers, merchants and other business partners to our platform. In addition, our strong user engagement and advanced technologies enable us to understand our users better and provide more efficient and appealing services to our users and customers.</p><p><blockquote>快手激发了许多人的创作灵感，并成为内容创作和商业活动的首选平台。随着更多用户使用快手应用程序，我们的生态系统变得更加多样化和充满活力，从而提高用户参与度和我们为生态系统参与者提供的价值。用户的互动和信任大大增强了我们的变现能力，进而吸引更多广告商、商家和其他业务合作伙伴加入我们的平台。此外，我们强大的用户参与度和先进的技术使我们能够更好地了解我们的用户，并为我们的用户和客户提供更高效和更具吸引力的服务。</blockquote></p><p>For the full year ended December 31, 2020, our total revenue grew significantly to RMB58.8 billion from RMB39.1 billion in 2019, posting a year-over-year increase of 50.2%, which was primarily attributable to the robust growth in our online marketing services and other services including e-commerce. Our online marketing services revenue continued its rapid growth in 2020, increasing by 194.6% to RMB21.9 billion from RMB7.4 billion in 2019. Revenue contribution from online marketing services to total revenue increased from 19.0% in 2019 to 37.2% in 2020. Live streaming represented 56.5% of our total revenue and the remaining 6.3% was attributable to other services. Due to the change in our revenue mix, our gross margin improved to 40.5% from 36.1% in 2019.</p><p><blockquote>截至2020年12月31日止全年，我们的总收入由2019年的人民币391亿元大幅增长至人民币588亿元，同比增长50.2%，主要归因于我们的在线营销服务及包括电子商务在内的其他服务的强劲增长。我们的在线营销服务收入于2020年继续快速增长，由2019年的人民币74亿元增加194.6%至人民币219亿元。线上营销服务收入佔总收入的贡献由2019年的19.0%增加至2020年的37.2%。直播佔我们总收入的56.5%，馀下6.3%来自其他服务。由于我们收入组合的变化，我们的毛利率由2019年的36.1%改善至40.5%。</blockquote></p><p><b>Online marketing services </b></p><p><blockquote><b>在线营销服务</b></blockquote></p><p></p><p>Online video-based advertising is a promising market and online marketing service is one of the key strategic businesses for our long-term growth. Our massive and highly engaged user community makes our platform increasingly attractive to advertisers.</p><p><blockquote>基于视频的在线广告是一个前景广阔的市场，在线营销服务是我们长期增长的关键战略业务之一。我们庞大且高度参与的用户社区使我们的平台对广告商越来越有吸引力。</blockquote></p><p>In 2020, we launched an integrated advertising platform, further solidifying the foundation of our online marketing services. Our strong user engagement and advanced technologies empowered us to achieve precise understanding of our users, and sophisticated advertising content development and distribution, which led to improved advertising efficiency and effectiveness. We introduced an increasing number of powerful and intuitive tools and services to empower advertisers, allowing them to more precisely reach and engage with their target customers. Furthermore, we expanded our sales team and channel coverage, as well as giving greater emphasis to a more diverse set of advertising formats, such as branding advertisement and advertising union, in addition to short video feeds advertisement. In order to optimize our user experience, we also reinforced our cooperation with advertisers and content creators to deliver unique and customized ad content. At the same time, through refined algorithms and enriched ad materials, the ad content became less disruptive to our users.</p><p><blockquote>2020年，我们推出了整合广告平台，进一步夯实了我们在线营销服务的基础。我们强大的用户参与度和先进的技术使我们能够准确了解我们的用户，并开发和分发复杂的广告内容，从而提高广告效率和效果。我们推出了越来越多功能强大且直观的工具和服务，为广告主赋能，让他们能够更精准地接触目标客户并与之互动。此外，我们扩大了销售团队和渠道覆盖范围，并更加重视除短视频广告外的品牌广告和广告联盟等更多元化的广告形式。为优化用户体验，我们亦加强与广告商及内容创作者的合作，提供独特及定制的广告内容。同时，通过完善的算法和丰富的广告素材，广告内容对用户的干扰减少。</blockquote></p><p>As a result, we enjoyed robust growth in online marketing services. Revenue from online marketing services in 2020 increased by 194.6% to RMB21.9 billion, from RMB7.4 billion in 2019. Our average online marketing services revenue per DAU in 2020 increased by 95.3% to RMB82.6 from RMB42.3 in 2019. In the fourth quarter of 2020, online marketing services became the largest contributor to our total revenue, as a percentage of revenue, it surpassed the contribution of live streaming business for the first time.</p><p><blockquote>因此，我们的在线营销服务增长强劲。线上营销服务收入由2019年的人民币74亿元增加194.6%至2020年的人民币219亿元。我们每DAU的平均线上营销服务收入由2019年的人民币42.3元增加95.3%至2020年的人民币82.6元。2020年第四季度，在线营销服务成为我们总收入的最大贡献者，占收入的百分比首次超过直播业务的贡献。</blockquote></p><p><b>Live streaming </b></p><p><blockquote><b>直播</b></blockquote></p><p>We believe that people’s needs will be increasingly met online and that live streaming provides an ideal format and an infrastructure through which those needs can be met, due to its highly social, interactive, and immersive nature. As our scale continues to grow, together with the stronger network effect, our live streaming business nurtures our ecosystem and serves more than just a revenue contributor, but a vibrant and solid foundation from which more social interactions and new valuable businesses are derived, such as e-commerce live streaming.</p><p><blockquote>我们相信，人们的需求将越来越多地在网上得到满足，而直播提供了一种理想的形式和基础设施，由于其高度的社交、互动和沉浸式性质，可以通过这种形式和基础设施来满足这些需求。随着我们的规模不断增长，加上更强的网络效应，我们的直播业务培育了我们的生态系统，并提供了一个充满活力和坚实的基础，更多的社交互动和新的有价值的业务，如电子商务直播。</blockquote></p><p>In 2020, we further expanded our abundant and diverse live streaming content with more premium content, such as game events and sports events live streaming, as well as through cooperation with more high-quality content creators. We also devoted ourselves to developing more interactive features and events to enhance our live streaming experience. These efforts have been effective in increasing live streaming user engagement. In 2020, over 1.7 billion live streaming sessions were hosted on Kuaishou App. For the year ended December 31, 2020, revenue from live streaming increased by 5.6% to RMB33.2 billion from RMB31.4 billion in 2019. More importantly, as a result of our diverse content offering, highly interactive features as well as unique and strong social trust, the user community was even more engaged on our platform, which was demonstrated by the increase in average MPUs for live streaming. For the full year 2020, our average MPUs for live streaming increased by 17.8% to 57.6 million from 48.9 million in 2019, while our monthly ARPPU for live streaming was RMB48.0, which was RMB53.6 in 2019. For the fourth quarter of 2020, our average MPUs for live streaming was 50.8 million, increased from 50.2 million in the same period of 2019. Our monthly ARPPU for live streaming in the fourth quarter was RMB51.8, which was RMB56.6 in the same period of 2019.</p><p><blockquote>于二零二零年，我们通过更多优质内容（如游戏赛事及体育赛事直播）以及通过与更多优质内容创作者合作，进一步拓展我们丰富多样的直播内容。我们亦致力开发更多互动功能及活动，以提升我们的直播体验。这些努力有效地提高了直播用户的参与度。2020年，快手应用上的直播场次超过17亿次。截至2020年12月31日止年度，直播收入由2019年的人民币314亿元增加5.6%至人民币332亿元。更重要的是，由于我们提供多元化的内容、高度互动的功能以及独特而强大的社交信任，用户社区对我们平台的参与度更高，直播平均MPU的增加就证明了这一点。于二零二零年全年，我们直播的平均MPU由二零一九年的48.9百万元增加17.8%至57.6百万元，而我们直播的每月ARPPU为人民币48.0元，而二零一九年为人民币53.6元。2020年第四季度，我们直播的平均MPU为5080万，高于2019年同期的5020万。我们第四季度直播的月ARPPU为人民币51.8元，2019年同期为人民币56.6元。</blockquote></p><p><b>Other services including e-commerce </b></p><p><blockquote><b>其他服务，包括电子商务</b></blockquote></p><p>Other services, which primarily comprise e-commerce services, also achieved rapid growth in 2020. The highly engaged user base and strong social trust on our platform gave rise to natural opportunities for transactions between users and our business partners.</p><p><blockquote>以电子商务服务为主的其他服务在2020年也实现了快速增长。我们平台上高度参与的用户基础和强大的社会信任为用户与我们的业务合作伙伴之间的交易带来了天然的机会。</blockquote></p><p>In 2020, we continued to support the improvement of our ecosystem, as well as to provide more products and services to address our users’ needs, thereby further enhancing the trust and encouraging interactions among users, merchants and our platform. First, we invested in e-commerce infrastructure to facilitate transactions on our platform by providing various tools to help merchants manage their stores on our platform. Second, we incentivized high-quality merchants, as well as supported middle and long-tail merchants by providing training to help them improve their service capabilities and quality. Third, we were dedicated to strengthening platform governance, especially quality control and merchants supervision. We are pleased to see that the overall customer purchasing experience and satisfaction were further optimized.</p><p><blockquote>2020年，我们继续支持生态系统的完善，并提供更多产品和服务来满足用户的需求，从而进一步增强用户、商家和我们平台之间的信任并鼓励互动。首先，我们投资于电子商务基础设施，通过提供各种工具帮助商家管理其在我们平台上的商店，从而促进我们平台上的交易。二是对优质商户进行激励，对中长尾商户进行培训，提升服务能力和服务质量。第三，我们致力于加强平台治理，特别是质量控制和商户监管。我们欣喜地看到，整体客户购买体验和满意度进一步优化。</blockquote></p><p></p><p>By doing these, we attracted a greater number of superior merchants and expanded the product categories and offerings on our platform. As a result, the total GMV of e-commerce transactions facilitated on our platform increased significantly from RMB59.6 billion in 2019 to RMB381.2 billion in 2020. The average repeat purchase rate increased further to 65% in 2020 from 45% in 2019.</p><p><blockquote>通过这样做，我们吸引了更多的优秀商家，并扩大了我们平台上的产品类别和产品。因此，我们平台促成的电子商务交易总额由2019年的人民币596亿元大幅增加至2020年的人民币3,812亿元。平均重复购买率由2019年的45%进一步上升至2020年的65%。</blockquote></p><p><b>Business Outlook </b></p><p><blockquote><b>业务展望</b></blockquote></p><p>In 2021, we will continue to serve our users and customers, create value for them, and solidify our leading position in the global short video and live streaming industry.</p><p><blockquote>2021年，我们将继续服务用户和客户，为他们创造价值，巩固我们在全球短视频和直播行业的领先地位。</blockquote></p><p>In this promising industry, we will continue to reinforce and invest in our ecosystem by continuing enriching and improving the quality and diversity of our content offerings to attract and retain a broad user base; improving the experience of our users and business partners through enhanced functionalities, products and services to fulfill evolving user needs; expanding user reach through precise marketing and promotional activities; as well as strengthening our user-centric commercialization capabilities by further enhancing technological capabilities and developing more monetization opportunities. We believe platforms with stronger social attributes and interactions will enjoy stronger network effects and lay a solid foundation for long-term development.</p><p><blockquote>在这个前景广阔的行业，我们将继续加强和投资我们的生态系统，不断丰富和提高我们的内容产品的质量和多样性，以吸引和留住广泛的用户基础；通过增强功能、产品和服务改善我们的用户和业务合作伙伴的体验，以满足不断变化的用户需求；通过精准营销和推广活动扩大用户覆盖范围；以及通过进一步提升技术能力和开发更多变现机会来加强我们以用户为中心的商业化能力。我们相信社交属性和互动更强的平台将享有更强的网络效应，并为长期发展奠定坚实的基础。</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>Kuaishou Technology Posts FY Loss Attributable Of RMB 116.64 Billion<blockquote>快手科技公布财年归属亏损1166.4亿元人民币</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\">\nKuaishou Technology Posts FY Loss Attributable Of RMB 116.64 Billion<blockquote>快手科技公布财年归属亏损1166.4亿元人民币</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-23 17:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The Board of Directors of Kuaishou Technology has&nbsp;announced the audited consolidated results of the Company for the year ended December 31, 2020. The consolidated financial statements for the year ended December 31, 2020 have been audited by PricewaterhouseCoopers, the independent auditor of the Company (the “Auditor”) in accordance with International Standards on Auditing. The results have been reviewed by the Audit Committee.</p><p><blockquote>快手科技董事会已公布公司截至2020年12月31日止年度的经审核综合业绩。截至2020年12月31日止年度的综合财务报表已由本公司独立核数师罗兵咸永道会计师事务所（“核数师”）根据国际审计准则审核。业绩已由审核委员会审阅。</blockquote></p><p>Kuaishou Technology   :</p><p><blockquote>快手科技：</blockquote></p><p>* FY ADJUSTED NET LOSS RMB 7.95 BILLION VERSUS PROFIT OF RMB1.03 BILLION</p><p><blockquote>*财年调整后净亏损人民币79.5亿元，利润人民币10.3亿元</blockquote></p><p>* FY TOTAL REVENUE GREW TO RMB58.8 BILLION FROM RMB39.1 BILLION IN 2019</p><p><blockquote>*财年总收入由2019年的人民币391亿元增长至人民币588亿元</blockquote></p><p>* FY OPERATING LOSS RMB10.32 BILLION VERSUS PROFIT OF RMB688.7 MILLION</p><p><blockquote>*本财政年度经营亏损人民币103.2亿元，溢利为人民币6.887亿元</blockquote></p><p>* <a href=\"https://laohu8.com/S/KUASF\">KUAISHOU TECHNOLOGY</a> FY LOSS ATTRIBUTABLE RMB116.64 BILLION VERSUS LOSS OF RMB19.65 BILLION</p><p><blockquote>*<a href=\"https://laohu8.com/S/KUASF\">快手科技</a>财年应占亏损人民币1,166.4亿元，而亏损为人民币196.5亿元</blockquote></p><p>* FOR YEAR ENDED DEC 31 2020, AVERAGE DAUS 264.6 MILLION</p><p><blockquote>*截至2020年12月31日止年度，平均DAU为2.646亿</blockquote></p><p>* AVERAGE DAILY TIME SPENT PER DAU ON KUAISHOU APP INCREASED BY 17.0% TO 87.3 MINUTES IN 2020</p><p><blockquote>*2020年，每DAU在快手应用上的平均每日花费时间增加17.0%至87.3分钟</blockquote></p><p><img src=\"https://static.tigerbbs.com/1f8d1bb3c11601b54a2a0d85fc57137a\" tg-width=\"1181\" tg-height=\"659\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3aedc5bd25fa5a777d572283ab0a0793\" tg-width=\"785\" tg-height=\"857\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Business Overview </b></p><p><blockquote><b>业务概况</b></blockquote></p><p>Year 2020 was indeed a memorable year. COVID-19 surprised the world with challenges and uncertainties. It also changed how we live and brought new opportunities as people spent more time online to socialize, be entertained, shop, acquire knowledge and information and more. Kuaishou, as a leading content community and social platform, helped people discover a vast world of content that expands their interests and horizons. We also played a role in driving digitization and contributing to overall economic recovery. We will continue forging ahead to create value for our users and customers through our deep and diverse content offerings, effective service solutions and AI-powered technologies to help people discover their needs and use their talents to improve their lives and their unique brand of happiness.</p><p><blockquote>2020年确实是值得纪念的一年。新冠肺炎给世界带来了挑战和不确定性。它还改变了我们的生活方式，并带来了新的机会，因为人们花更多的时间在网上社交、娱乐、购物、获取知识和信息等。快手作为领先的内容社区和社交平台，帮助人们发现了广阔的内容世界，拓展了他们的兴趣和视野。我们还在推动数字化和促进整体经济复苏方面发挥了作用。我们将继续锐意进取，通过我们丰富多样的内容产品、有效的服务解决方案和人工智能技术，为我们的用户和客户创造价值，帮助人们发现他们的需求，利用他们的才能改善他们的生活和他们独特的幸福品牌。</blockquote></p><p>In 2020, we continued enriching our content, product and service offerings to discover and serve our users’ needs to keep them actively engaged within our ecosystem. As a result, we have seen a substantial increase of our user base in 2020 as well as robust gains in user engagement. Our average DAUs and MAUs on all our apps and mini programs in China in 2020 were 308.1 million and 777.0 million, respectively. The average DAUs and MAUs on Kuaishou App in 2020 were 264.6 million and 481.1 million, respectively, representing a year-over-year increase of 50.7% and 45.6%, respectively. The average daily time spent per DAU on Kuaishou App increased by 17.0% to 87.3 minutes in 2020 from 74.6 minutes in 2019.</p><p><blockquote>2020年，我们继续丰富我们的内容、产品和服务，以发现和满足用户的需求，让他们积极参与我们的生态系统。因此，我们看到我们的用户群在2020年大幅增长，用户参与度也强劲增长。2020年，我们在中国所有应用程序及小程序的平均日活跃用户数及月活跃用户数分别为308.1百万及777.0百万。2020年快手应用的平均日活跃用户数和月活跃用户数分别为2.646亿和4.811亿，同比分别增长50.7%和45.6%。每个DAU在快手应用上的平均每日花费时间由2019年的74.6分钟增加17.0%至2020年的87.3分钟。</blockquote></p><p>We are committed to improving the quality, relevance and diversity of our content offerings to address evolving user interests and needs on our platform, which in turn encourages content creation. Our growing user base forms the bedrock of our content community and our users are the key sources of boundless creativity. Over 25% of our average MAUs on Kuaishou App were content creators in 2020. We also started exploring new content formats that can contribute to the vibrancy of our ecosystem and attract new users.</p><p><blockquote>我们致力于提高内容产品的质量、相关性和多样性，以满足我们平台上不断变化的用户兴趣和需求，从而鼓励内容创作。我们不断增长的用户群构成了我们内容社区的基石，我们的用户是无限创意的关键来源。2020年，我们在快手应用上的平均月活跃用户中超过25%为内容创作者。我们还开始探索新的内容格式，以增强我们生态系统的活力并吸引新用户。</blockquote></p><p>Kuaishou has inspired many to create and has become the platform of choice for content creation and business activities. As more users use Kuaishou App, the more diverse and vibrant our ecosystem becomes, thereby increasing user engagement and the value we provide to our ecosystem participants. Users’ interactions and trust greatly enhance our monetization capabilities, which in turn, attracts more advertisers, merchants and other business partners to our platform. In addition, our strong user engagement and advanced technologies enable us to understand our users better and provide more efficient and appealing services to our users and customers.</p><p><blockquote>快手激发了许多人的创作灵感，并成为内容创作和商业活动的首选平台。随着更多用户使用快手应用程序，我们的生态系统变得更加多样化和充满活力，从而提高用户参与度和我们为生态系统参与者提供的价值。用户的互动和信任大大增强了我们的变现能力，进而吸引更多广告商、商家和其他业务合作伙伴加入我们的平台。此外，我们强大的用户参与度和先进的技术使我们能够更好地了解我们的用户，并为我们的用户和客户提供更高效和更具吸引力的服务。</blockquote></p><p>For the full year ended December 31, 2020, our total revenue grew significantly to RMB58.8 billion from RMB39.1 billion in 2019, posting a year-over-year increase of 50.2%, which was primarily attributable to the robust growth in our online marketing services and other services including e-commerce. Our online marketing services revenue continued its rapid growth in 2020, increasing by 194.6% to RMB21.9 billion from RMB7.4 billion in 2019. Revenue contribution from online marketing services to total revenue increased from 19.0% in 2019 to 37.2% in 2020. Live streaming represented 56.5% of our total revenue and the remaining 6.3% was attributable to other services. Due to the change in our revenue mix, our gross margin improved to 40.5% from 36.1% in 2019.</p><p><blockquote>截至2020年12月31日止全年，我们的总收入由2019年的人民币391亿元大幅增长至人民币588亿元，同比增长50.2%，主要归因于我们的在线营销服务及包括电子商务在内的其他服务的强劲增长。我们的在线营销服务收入于2020年继续快速增长，由2019年的人民币74亿元增加194.6%至人民币219亿元。线上营销服务收入佔总收入的贡献由2019年的19.0%增加至2020年的37.2%。直播佔我们总收入的56.5%，馀下6.3%来自其他服务。由于我们收入组合的变化，我们的毛利率由2019年的36.1%改善至40.5%。</blockquote></p><p><b>Online marketing services </b></p><p><blockquote><b>在线营销服务</b></blockquote></p><p></p><p>Online video-based advertising is a promising market and online marketing service is one of the key strategic businesses for our long-term growth. Our massive and highly engaged user community makes our platform increasingly attractive to advertisers.</p><p><blockquote>基于视频的在线广告是一个前景广阔的市场，在线营销服务是我们长期增长的关键战略业务之一。我们庞大且高度参与的用户社区使我们的平台对广告商越来越有吸引力。</blockquote></p><p>In 2020, we launched an integrated advertising platform, further solidifying the foundation of our online marketing services. Our strong user engagement and advanced technologies empowered us to achieve precise understanding of our users, and sophisticated advertising content development and distribution, which led to improved advertising efficiency and effectiveness. We introduced an increasing number of powerful and intuitive tools and services to empower advertisers, allowing them to more precisely reach and engage with their target customers. Furthermore, we expanded our sales team and channel coverage, as well as giving greater emphasis to a more diverse set of advertising formats, such as branding advertisement and advertising union, in addition to short video feeds advertisement. In order to optimize our user experience, we also reinforced our cooperation with advertisers and content creators to deliver unique and customized ad content. At the same time, through refined algorithms and enriched ad materials, the ad content became less disruptive to our users.</p><p><blockquote>2020年，我们推出了整合广告平台，进一步夯实了我们在线营销服务的基础。我们强大的用户参与度和先进的技术使我们能够准确了解我们的用户，并开发和分发复杂的广告内容，从而提高广告效率和效果。我们推出了越来越多功能强大且直观的工具和服务，为广告主赋能，让他们能够更精准地接触目标客户并与之互动。此外，我们扩大了销售团队和渠道覆盖范围，并更加重视除短视频广告外的品牌广告和广告联盟等更多元化的广告形式。为优化用户体验，我们亦加强与广告商及内容创作者的合作，提供独特及定制的广告内容。同时，通过完善的算法和丰富的广告素材，广告内容对用户的干扰减少。</blockquote></p><p>As a result, we enjoyed robust growth in online marketing services. Revenue from online marketing services in 2020 increased by 194.6% to RMB21.9 billion, from RMB7.4 billion in 2019. Our average online marketing services revenue per DAU in 2020 increased by 95.3% to RMB82.6 from RMB42.3 in 2019. In the fourth quarter of 2020, online marketing services became the largest contributor to our total revenue, as a percentage of revenue, it surpassed the contribution of live streaming business for the first time.</p><p><blockquote>因此，我们的在线营销服务增长强劲。线上营销服务收入由2019年的人民币74亿元增加194.6%至2020年的人民币219亿元。我们每DAU的平均线上营销服务收入由2019年的人民币42.3元增加95.3%至2020年的人民币82.6元。2020年第四季度，在线营销服务成为我们总收入的最大贡献者，占收入的百分比首次超过直播业务的贡献。</blockquote></p><p><b>Live streaming </b></p><p><blockquote><b>直播</b></blockquote></p><p>We believe that people’s needs will be increasingly met online and that live streaming provides an ideal format and an infrastructure through which those needs can be met, due to its highly social, interactive, and immersive nature. As our scale continues to grow, together with the stronger network effect, our live streaming business nurtures our ecosystem and serves more than just a revenue contributor, but a vibrant and solid foundation from which more social interactions and new valuable businesses are derived, such as e-commerce live streaming.</p><p><blockquote>我们相信，人们的需求将越来越多地在网上得到满足，而直播提供了一种理想的形式和基础设施，由于其高度的社交、互动和沉浸式性质，可以通过这种形式和基础设施来满足这些需求。随着我们的规模不断增长，加上更强的网络效应，我们的直播业务培育了我们的生态系统，并提供了一个充满活力和坚实的基础，更多的社交互动和新的有价值的业务，如电子商务直播。</blockquote></p><p>In 2020, we further expanded our abundant and diverse live streaming content with more premium content, such as game events and sports events live streaming, as well as through cooperation with more high-quality content creators. We also devoted ourselves to developing more interactive features and events to enhance our live streaming experience. These efforts have been effective in increasing live streaming user engagement. In 2020, over 1.7 billion live streaming sessions were hosted on Kuaishou App. For the year ended December 31, 2020, revenue from live streaming increased by 5.6% to RMB33.2 billion from RMB31.4 billion in 2019. More importantly, as a result of our diverse content offering, highly interactive features as well as unique and strong social trust, the user community was even more engaged on our platform, which was demonstrated by the increase in average MPUs for live streaming. For the full year 2020, our average MPUs for live streaming increased by 17.8% to 57.6 million from 48.9 million in 2019, while our monthly ARPPU for live streaming was RMB48.0, which was RMB53.6 in 2019. For the fourth quarter of 2020, our average MPUs for live streaming was 50.8 million, increased from 50.2 million in the same period of 2019. Our monthly ARPPU for live streaming in the fourth quarter was RMB51.8, which was RMB56.6 in the same period of 2019.</p><p><blockquote>于二零二零年，我们通过更多优质内容（如游戏赛事及体育赛事直播）以及通过与更多优质内容创作者合作，进一步拓展我们丰富多样的直播内容。我们亦致力开发更多互动功能及活动，以提升我们的直播体验。这些努力有效地提高了直播用户的参与度。2020年，快手应用上的直播场次超过17亿次。截至2020年12月31日止年度，直播收入由2019年的人民币314亿元增加5.6%至人民币332亿元。更重要的是，由于我们提供多元化的内容、高度互动的功能以及独特而强大的社交信任，用户社区对我们平台的参与度更高，直播平均MPU的增加就证明了这一点。于二零二零年全年，我们直播的平均MPU由二零一九年的48.9百万元增加17.8%至57.6百万元，而我们直播的每月ARPPU为人民币48.0元，而二零一九年为人民币53.6元。2020年第四季度，我们直播的平均MPU为5080万，高于2019年同期的5020万。我们第四季度直播的月ARPPU为人民币51.8元，2019年同期为人民币56.6元。</blockquote></p><p><b>Other services including e-commerce </b></p><p><blockquote><b>其他服务，包括电子商务</b></blockquote></p><p>Other services, which primarily comprise e-commerce services, also achieved rapid growth in 2020. The highly engaged user base and strong social trust on our platform gave rise to natural opportunities for transactions between users and our business partners.</p><p><blockquote>以电子商务服务为主的其他服务在2020年也实现了快速增长。我们平台上高度参与的用户基础和强大的社会信任为用户与我们的业务合作伙伴之间的交易带来了天然的机会。</blockquote></p><p>In 2020, we continued to support the improvement of our ecosystem, as well as to provide more products and services to address our users’ needs, thereby further enhancing the trust and encouraging interactions among users, merchants and our platform. First, we invested in e-commerce infrastructure to facilitate transactions on our platform by providing various tools to help merchants manage their stores on our platform. Second, we incentivized high-quality merchants, as well as supported middle and long-tail merchants by providing training to help them improve their service capabilities and quality. Third, we were dedicated to strengthening platform governance, especially quality control and merchants supervision. We are pleased to see that the overall customer purchasing experience and satisfaction were further optimized.</p><p><blockquote>2020年，我们继续支持生态系统的完善，并提供更多产品和服务来满足用户的需求，从而进一步增强用户、商家和我们平台之间的信任并鼓励互动。首先，我们投资于电子商务基础设施，通过提供各种工具帮助商家管理其在我们平台上的商店，从而促进我们平台上的交易。二是对优质商户进行激励，对中长尾商户进行培训，提升服务能力和服务质量。第三，我们致力于加强平台治理，特别是质量控制和商户监管。我们欣喜地看到，整体客户购买体验和满意度进一步优化。</blockquote></p><p></p><p>By doing these, we attracted a greater number of superior merchants and expanded the product categories and offerings on our platform. As a result, the total GMV of e-commerce transactions facilitated on our platform increased significantly from RMB59.6 billion in 2019 to RMB381.2 billion in 2020. The average repeat purchase rate increased further to 65% in 2020 from 45% in 2019.</p><p><blockquote>通过这样做，我们吸引了更多的优秀商家，并扩大了我们平台上的产品类别和产品。因此，我们平台促成的电子商务交易总额由2019年的人民币596亿元大幅增加至2020年的人民币3,812亿元。平均重复购买率由2019年的45%进一步上升至2020年的65%。</blockquote></p><p><b>Business Outlook </b></p><p><blockquote><b>业务展望</b></blockquote></p><p>In 2021, we will continue to serve our users and customers, create value for them, and solidify our leading position in the global short video and live streaming industry.</p><p><blockquote>2021年，我们将继续服务用户和客户，为他们创造价值，巩固我们在全球短视频和直播行业的领先地位。</blockquote></p><p>In this promising industry, we will continue to reinforce and invest in our ecosystem by continuing enriching and improving the quality and diversity of our content offerings to attract and retain a broad user base; improving the experience of our users and business partners through enhanced functionalities, products and services to fulfill evolving user needs; expanding user reach through precise marketing and promotional activities; as well as strengthening our user-centric commercialization capabilities by further enhancing technological capabilities and developing more monetization opportunities. We believe platforms with stronger social attributes and interactions will enjoy stronger network effects and lay a solid foundation for long-term development.</p><p><blockquote>在这个前景广阔的行业，我们将继续加强和投资我们的生态系统，不断丰富和提高我们的内容产品的质量和多样性，以吸引和留住广泛的用户基础；通过增强功能、产品和服务改善我们的用户和业务合作伙伴的体验，以满足不断变化的用户需求；通过精准营销和推广活动扩大用户覆盖范围；以及通过进一步提升技术能力和开发更多变现机会来加强我们以用户为中心的商业化能力。我们相信社交属性和互动更强的平台将享有更强的网络效应，并为长期发展奠定坚实的基础。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01024":"快手-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121831764","content_text":"The Board of Directors of Kuaishou Technology has announced the audited consolidated results of the Company for the year ended December 31, 2020. The consolidated financial statements for the year ended December 31, 2020 have been audited by PricewaterhouseCoopers, the independent auditor of the Company (the “Auditor”) in accordance with International Standards on Auditing. The results have been reviewed by the Audit Committee.Kuaishou Technology   :* FY ADJUSTED NET LOSS RMB 7.95 BILLION VERSUS PROFIT OF RMB1.03 BILLION* FY TOTAL REVENUE GREW TO RMB58.8 BILLION FROM RMB39.1 BILLION IN 2019* FY OPERATING LOSS RMB10.32 BILLION VERSUS PROFIT OF RMB688.7 MILLION* KUAISHOU TECHNOLOGY FY LOSS ATTRIBUTABLE RMB116.64 BILLION VERSUS LOSS OF RMB19.65 BILLION* FOR YEAR ENDED DEC 31 2020, AVERAGE DAUS 264.6 MILLION* AVERAGE DAILY TIME SPENT PER DAU ON KUAISHOU APP INCREASED BY 17.0% TO 87.3 MINUTES IN 2020Business Overview Year 2020 was indeed a memorable year. COVID-19 surprised the world with challenges and uncertainties. It also changed how we live and brought new opportunities as people spent more time online to socialize, be entertained, shop, acquire knowledge and information and more. Kuaishou, as a leading content community and social platform, helped people discover a vast world of content that expands their interests and horizons. We also played a role in driving digitization and contributing to overall economic recovery. We will continue forging ahead to create value for our users and customers through our deep and diverse content offerings, effective service solutions and AI-powered technologies to help people discover their needs and use their talents to improve their lives and their unique brand of happiness.In 2020, we continued enriching our content, product and service offerings to discover and serve our users’ needs to keep them actively engaged within our ecosystem. As a result, we have seen a substantial increase of our user base in 2020 as well as robust gains in user engagement. Our average DAUs and MAUs on all our apps and mini programs in China in 2020 were 308.1 million and 777.0 million, respectively. The average DAUs and MAUs on Kuaishou App in 2020 were 264.6 million and 481.1 million, respectively, representing a year-over-year increase of 50.7% and 45.6%, respectively. The average daily time spent per DAU on Kuaishou App increased by 17.0% to 87.3 minutes in 2020 from 74.6 minutes in 2019.We are committed to improving the quality, relevance and diversity of our content offerings to address evolving user interests and needs on our platform, which in turn encourages content creation. Our growing user base forms the bedrock of our content community and our users are the key sources of boundless creativity. Over 25% of our average MAUs on Kuaishou App were content creators in 2020. We also started exploring new content formats that can contribute to the vibrancy of our ecosystem and attract new users.Kuaishou has inspired many to create and has become the platform of choice for content creation and business activities. As more users use Kuaishou App, the more diverse and vibrant our ecosystem becomes, thereby increasing user engagement and the value we provide to our ecosystem participants. Users’ interactions and trust greatly enhance our monetization capabilities, which in turn, attracts more advertisers, merchants and other business partners to our platform. In addition, our strong user engagement and advanced technologies enable us to understand our users better and provide more efficient and appealing services to our users and customers.For the full year ended December 31, 2020, our total revenue grew significantly to RMB58.8 billion from RMB39.1 billion in 2019, posting a year-over-year increase of 50.2%, which was primarily attributable to the robust growth in our online marketing services and other services including e-commerce. Our online marketing services revenue continued its rapid growth in 2020, increasing by 194.6% to RMB21.9 billion from RMB7.4 billion in 2019. Revenue contribution from online marketing services to total revenue increased from 19.0% in 2019 to 37.2% in 2020. Live streaming represented 56.5% of our total revenue and the remaining 6.3% was attributable to other services. Due to the change in our revenue mix, our gross margin improved to 40.5% from 36.1% in 2019.Online marketing services Online video-based advertising is a promising market and online marketing service is one of the key strategic businesses for our long-term growth. Our massive and highly engaged user community makes our platform increasingly attractive to advertisers.In 2020, we launched an integrated advertising platform, further solidifying the foundation of our online marketing services. Our strong user engagement and advanced technologies empowered us to achieve precise understanding of our users, and sophisticated advertising content development and distribution, which led to improved advertising efficiency and effectiveness. We introduced an increasing number of powerful and intuitive tools and services to empower advertisers, allowing them to more precisely reach and engage with their target customers. Furthermore, we expanded our sales team and channel coverage, as well as giving greater emphasis to a more diverse set of advertising formats, such as branding advertisement and advertising union, in addition to short video feeds advertisement. In order to optimize our user experience, we also reinforced our cooperation with advertisers and content creators to deliver unique and customized ad content. At the same time, through refined algorithms and enriched ad materials, the ad content became less disruptive to our users.As a result, we enjoyed robust growth in online marketing services. Revenue from online marketing services in 2020 increased by 194.6% to RMB21.9 billion, from RMB7.4 billion in 2019. Our average online marketing services revenue per DAU in 2020 increased by 95.3% to RMB82.6 from RMB42.3 in 2019. In the fourth quarter of 2020, online marketing services became the largest contributor to our total revenue, as a percentage of revenue, it surpassed the contribution of live streaming business for the first time.Live streaming We believe that people’s needs will be increasingly met online and that live streaming provides an ideal format and an infrastructure through which those needs can be met, due to its highly social, interactive, and immersive nature. As our scale continues to grow, together with the stronger network effect, our live streaming business nurtures our ecosystem and serves more than just a revenue contributor, but a vibrant and solid foundation from which more social interactions and new valuable businesses are derived, such as e-commerce live streaming.In 2020, we further expanded our abundant and diverse live streaming content with more premium content, such as game events and sports events live streaming, as well as through cooperation with more high-quality content creators. We also devoted ourselves to developing more interactive features and events to enhance our live streaming experience. These efforts have been effective in increasing live streaming user engagement. In 2020, over 1.7 billion live streaming sessions were hosted on Kuaishou App. For the year ended December 31, 2020, revenue from live streaming increased by 5.6% to RMB33.2 billion from RMB31.4 billion in 2019. More importantly, as a result of our diverse content offering, highly interactive features as well as unique and strong social trust, the user community was even more engaged on our platform, which was demonstrated by the increase in average MPUs for live streaming. For the full year 2020, our average MPUs for live streaming increased by 17.8% to 57.6 million from 48.9 million in 2019, while our monthly ARPPU for live streaming was RMB48.0, which was RMB53.6 in 2019. For the fourth quarter of 2020, our average MPUs for live streaming was 50.8 million, increased from 50.2 million in the same period of 2019. Our monthly ARPPU for live streaming in the fourth quarter was RMB51.8, which was RMB56.6 in the same period of 2019.Other services including e-commerce Other services, which primarily comprise e-commerce services, also achieved rapid growth in 2020. The highly engaged user base and strong social trust on our platform gave rise to natural opportunities for transactions between users and our business partners.In 2020, we continued to support the improvement of our ecosystem, as well as to provide more products and services to address our users’ needs, thereby further enhancing the trust and encouraging interactions among users, merchants and our platform. First, we invested in e-commerce infrastructure to facilitate transactions on our platform by providing various tools to help merchants manage their stores on our platform. Second, we incentivized high-quality merchants, as well as supported middle and long-tail merchants by providing training to help them improve their service capabilities and quality. Third, we were dedicated to strengthening platform governance, especially quality control and merchants supervision. We are pleased to see that the overall customer purchasing experience and satisfaction were further optimized.By doing these, we attracted a greater number of superior merchants and expanded the product categories and offerings on our platform. As a result, the total GMV of e-commerce transactions facilitated on our platform increased significantly from RMB59.6 billion in 2019 to RMB381.2 billion in 2020. The average repeat purchase rate increased further to 65% in 2020 from 45% in 2019.Business Outlook In 2021, we will continue to serve our users and customers, create value for them, and solidify our leading position in the global short video and live streaming industry.In this promising industry, we will continue to reinforce and invest in our ecosystem by continuing enriching and improving the quality and diversity of our content offerings to attract and retain a broad user base; improving the experience of our users and business partners through enhanced functionalities, products and services to fulfill evolving user needs; expanding user reach through precise marketing and promotional activities; as well as strengthening our user-centric commercialization capabilities by further enhancing technological capabilities and developing more monetization opportunities. We believe platforms with stronger social attributes and interactions will enjoy stronger network effects and lay a solid foundation for long-term development.","news_type":1,"symbols_score_info":{"01024":0.9}},"isVote":1,"tweetType":1,"viewCount":697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":322481618,"gmtCreate":1615820609034,"gmtModify":1703493615957,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322481618","repostId":"1129468866","repostType":4,"repost":{"id":"1129468866","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":1615815086,"share":"https://www.laohu8.com/m/news/1129468866?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:31","market":"us","language":"en","title":"Dow opens higher as blue-chip index looks to add to record<blockquote>道琼斯指数高开，蓝筹股指数有望再创历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129468866","media":"Tiger Newspress","summary":"(March 15) Dow opens higher as blue-chip index looks to add to record.*Source From Tiger Trade, EST ","content":"<p>(March 15)&nbsp;Dow opens higher as blue-chip index looks to add to record.</p><p><blockquote>（3月15日）道指高开，蓝筹股指数有望再创历史新高。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07a0011d578acf92901b9b4adf142e95\" tg-width=\"1242\" tg-height=\"569\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:30</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间09:30</span></p></blockquote></p><p>U.S. stock index futures rose on Monday, indicating new record highs at the opening bell for the Dow and S&amp;P 500.</p><p><blockquote>美国股指期货周一上涨，道指和标普500在开盘时创下历史新高。</blockquote></p><p>Dow futures gained 80 points, or 0.24%. S&amp;P 500 futures advanced 0.05%, while Nasdaq 100 futures were up 0.1%.</p><p><blockquote>道指期货上涨80点，涨幅0.24%。标普500期货上涨0.05%，纳斯达克100期货上涨0.1%。</blockquote></p><p>Stocks that will benefit most from a swift economic comeback from the pandemic led the gains in premarket trading. American Airlines and United Airlines shares were both up more than 2% in premarket trading. Boeing, Gap and various energy stocks were also higher.</p><p><blockquote>将从疫情经济迅速复苏中受益最大的股票在盘前交易中领涨。美国航空和联合航空股价在盘前交易中均上涨超过2%。波音、盖普和各种能源股也走高。</blockquote></p><p>The U.S. 10-year Treasury hit its highest level in more than a year on Friday. The benchmark Treasury note rate reached 1.642%, its highest level since February 2020.</p><p><blockquote>美国10年期国债周五触及一年多来的最高水平。基准国债利率达到1.642%，为2020年2月以来的最高水平。</blockquote></p><p>The10-year Treasury yieldwas trading flat to slightly lower early Monday.</p><p><blockquote>周一早盘，10年期国债收益率持平至小幅走低。</blockquote></p><p>“Investors will have to continually grapple with the anxiety about economic overheating and Fed tightening that has gripped markets in recent weeks,” wrote David Kostin, Goldman’s chief U.S. equity strategist, in a note. “We believe equity valuations should be able to digest 10-year yields of roughly 2% without much difficulty.”</p><p><blockquote>高盛首席美国股票策略师David Kostin在一份报告中写道：“投资者将不得不不断应对最近几周困扰市场的对经济过热和美联储紧缩政策的焦虑。”“我们认为，股票估值应该能够毫无困难地消化约2%的10年期收益率。”</blockquote></p><p>Stocks rose last week with the Dow Jones Industrial Average rising 4% and the S&amp;P 500 gaining 2.6%. The S&amp;P 500 and the Dow&nbsp;both closed at record highs Friday.</p><p><blockquote>上周股市上涨，道琼斯工业平均指数上涨4%，标普500上涨2.6%。标普500和道琼斯指数周五均收于历史新高。</blockquote></p><p>The Nasdaq Composite advanced 3% last week, despite a sell-off on Friday spurred by rising interest rates. The jump in bond yields has challenged growth stocks in recent weeks and sent investors into cyclical pockets of the market. The Nasdaq is up less than 1% this month, while the Dow and S&amp;P are up 6% and 3.5%, respectively.</p><p><blockquote>尽管周五因利率上升引发抛售，但纳斯达克综合指数上周仍上涨3%。最近几周，债券收益率的飙升对成长型股票构成了挑战，并将投资者送入市场的周期性领域。纳斯达克本月涨幅不到1%，道指和标普分别上涨6%和3.5%。</blockquote></p><p>The small-cap benchmark Russell 2000 surged more than 7% last week as investors rotated into smaller stocks that benefit from a sharp economic comeback.</p><p><blockquote>随着投资者转向受益于经济大幅复苏的小型股，小盘股基准罗素2000指数上周飙升逾7%。</blockquote></p><p>Last week, investors cheered the $1.9 trillion stimulus package that President Joe Biden signed into law. The IRS started processing $1,400 direct payments on Friday and checks started hitting bank accounts over the weekend. The bill will also put nearly $20 billion into Covid-19 vaccinations and $350 billion into state, local and tribal government relief.</p><p><blockquote>上周，投资者对乔·拜登总统签署成为法律的1.9万亿美元刺激计划欢呼雀跃。美国国税局(IRS)周五开始处理1,400美元的直接付款，周末支票开始存入银行账户。该法案还将投入近200亿美元用于新冠肺炎疫苗接种，3500亿美元用于州、地方和部落政府救济。</blockquote></p><p>Investors will be gearing up for Wednesdaywhen the Federal Reserve will deliver its decision on interest rates. The bond market in the coming week will likely take its cues from the Fed.</p><p><blockquote>投资者将为周三美联储公布利率决定做好准备。未来一周的债券市场可能会从美联储那里得到暗示。</blockquote></p><p>The central bank is expected to acknowledge much better growth in the economy. Bond pros are also watching to see whether Fed officials will tweak their interest rate outlook, which now does not include any rate hikes through 2023.</p><p><blockquote>预计央行将承认经济增长更好。债券专业人士也在关注美联储官员是否会调整利率前景，目前利率前景不包括2023年之前的任何加息。</blockquote></p><p>On the vaccine front, Biden announced last week that he would&nbsp;direct states to make all adults eligible&nbsp;for the vaccine by May 1. Biden also set a goal for Americans to be able to gather in person with their friends and loved ones in small groups to celebrate the Fourth of July.</p><p><blockquote>在疫苗方面，拜登上周宣布，他将指示各州在5月1日之前让所有成年人都有资格接种疫苗。拜登还为美国人设定了一个目标，让他们能够亲自与朋友和亲人以小组形式聚集在一起庆祝7月4日。</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>Dow opens higher as blue-chip index looks to add to record<blockquote>道琼斯指数高开，蓝筹股指数有望再创历史新高</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; }\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\">\nDow opens higher as blue-chip index looks to add to record<blockquote>道琼斯指数高开，蓝筹股指数有望再创历史新高</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\">2021-03-15 21:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 15)&nbsp;Dow opens higher as blue-chip index looks to add to record.</p><p><blockquote>（3月15日）道指高开，蓝筹股指数有望再创历史新高。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07a0011d578acf92901b9b4adf142e95\" tg-width=\"1242\" tg-height=\"569\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:30</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间09:30</span></p></blockquote></p><p>U.S. stock index futures rose on Monday, indicating new record highs at the opening bell for the Dow and S&amp;P 500.</p><p><blockquote>美国股指期货周一上涨，道指和标普500在开盘时创下历史新高。</blockquote></p><p>Dow futures gained 80 points, or 0.24%. S&amp;P 500 futures advanced 0.05%, while Nasdaq 100 futures were up 0.1%.</p><p><blockquote>道指期货上涨80点，涨幅0.24%。标普500期货上涨0.05%，纳斯达克100期货上涨0.1%。</blockquote></p><p>Stocks that will benefit most from a swift economic comeback from the pandemic led the gains in premarket trading. American Airlines and United Airlines shares were both up more than 2% in premarket trading. Boeing, Gap and various energy stocks were also higher.</p><p><blockquote>将从疫情经济迅速复苏中受益最大的股票在盘前交易中领涨。美国航空和联合航空股价在盘前交易中均上涨超过2%。波音、盖普和各种能源股也走高。</blockquote></p><p>The U.S. 10-year Treasury hit its highest level in more than a year on Friday. The benchmark Treasury note rate reached 1.642%, its highest level since February 2020.</p><p><blockquote>美国10年期国债周五触及一年多来的最高水平。基准国债利率达到1.642%，为2020年2月以来的最高水平。</blockquote></p><p>The10-year Treasury yieldwas trading flat to slightly lower early Monday.</p><p><blockquote>周一早盘，10年期国债收益率持平至小幅走低。</blockquote></p><p>“Investors will have to continually grapple with the anxiety about economic overheating and Fed tightening that has gripped markets in recent weeks,” wrote David Kostin, Goldman’s chief U.S. equity strategist, in a note. “We believe equity valuations should be able to digest 10-year yields of roughly 2% without much difficulty.”</p><p><blockquote>高盛首席美国股票策略师David Kostin在一份报告中写道：“投资者将不得不不断应对最近几周困扰市场的对经济过热和美联储紧缩政策的焦虑。”“我们认为，股票估值应该能够毫无困难地消化约2%的10年期收益率。”</blockquote></p><p>Stocks rose last week with the Dow Jones Industrial Average rising 4% and the S&amp;P 500 gaining 2.6%. The S&amp;P 500 and the Dow&nbsp;both closed at record highs Friday.</p><p><blockquote>上周股市上涨，道琼斯工业平均指数上涨4%，标普500上涨2.6%。标普500和道琼斯指数周五均收于历史新高。</blockquote></p><p>The Nasdaq Composite advanced 3% last week, despite a sell-off on Friday spurred by rising interest rates. The jump in bond yields has challenged growth stocks in recent weeks and sent investors into cyclical pockets of the market. The Nasdaq is up less than 1% this month, while the Dow and S&amp;P are up 6% and 3.5%, respectively.</p><p><blockquote>尽管周五因利率上升引发抛售，但纳斯达克综合指数上周仍上涨3%。最近几周，债券收益率的飙升对成长型股票构成了挑战，并将投资者送入市场的周期性领域。纳斯达克本月涨幅不到1%，道指和标普分别上涨6%和3.5%。</blockquote></p><p>The small-cap benchmark Russell 2000 surged more than 7% last week as investors rotated into smaller stocks that benefit from a sharp economic comeback.</p><p><blockquote>随着投资者转向受益于经济大幅复苏的小型股，小盘股基准罗素2000指数上周飙升逾7%。</blockquote></p><p>Last week, investors cheered the $1.9 trillion stimulus package that President Joe Biden signed into law. The IRS started processing $1,400 direct payments on Friday and checks started hitting bank accounts over the weekend. The bill will also put nearly $20 billion into Covid-19 vaccinations and $350 billion into state, local and tribal government relief.</p><p><blockquote>上周，投资者对乔·拜登总统签署成为法律的1.9万亿美元刺激计划欢呼雀跃。美国国税局(IRS)周五开始处理1,400美元的直接付款，周末支票开始存入银行账户。该法案还将投入近200亿美元用于新冠肺炎疫苗接种，3500亿美元用于州、地方和部落政府救济。</blockquote></p><p>Investors will be gearing up for Wednesdaywhen the Federal Reserve will deliver its decision on interest rates. The bond market in the coming week will likely take its cues from the Fed.</p><p><blockquote>投资者将为周三美联储公布利率决定做好准备。未来一周的债券市场可能会从美联储那里得到暗示。</blockquote></p><p>The central bank is expected to acknowledge much better growth in the economy. Bond pros are also watching to see whether Fed officials will tweak their interest rate outlook, which now does not include any rate hikes through 2023.</p><p><blockquote>预计央行将承认经济增长更好。债券专业人士也在关注美联储官员是否会调整利率前景，目前利率前景不包括2023年之前的任何加息。</blockquote></p><p>On the vaccine front, Biden announced last week that he would&nbsp;direct states to make all adults eligible&nbsp;for the vaccine by May 1. Biden also set a goal for Americans to be able to gather in person with their friends and loved ones in small groups to celebrate the Fourth of July.</p><p><blockquote>在疫苗方面，拜登上周宣布，他将指示各州在5月1日之前让所有成年人都有资格接种疫苗。拜登还为美国人设定了一个目标，让他们能够亲自与朋友和亲人以小组形式聚集在一起庆祝7月4日。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129468866","content_text":"(March 15) Dow opens higher as blue-chip index looks to add to record.*Source From Tiger Trade, EST 09:30U.S. stock index futures rose on Monday, indicating new record highs at the opening bell for the Dow and S&P 500.Dow futures gained 80 points, or 0.24%. S&P 500 futures advanced 0.05%, while Nasdaq 100 futures were up 0.1%.Stocks that will benefit most from a swift economic comeback from the pandemic led the gains in premarket trading. American Airlines and United Airlines shares were both up more than 2% in premarket trading. Boeing, Gap and various energy stocks were also higher.The U.S. 10-year Treasury hit its highest level in more than a year on Friday. The benchmark Treasury note rate reached 1.642%, its highest level since February 2020.The10-year Treasury yieldwas trading flat to slightly lower early Monday.“Investors will have to continually grapple with the anxiety about economic overheating and Fed tightening that has gripped markets in recent weeks,” wrote David Kostin, Goldman’s chief U.S. equity strategist, in a note. “We believe equity valuations should be able to digest 10-year yields of roughly 2% without much difficulty.”Stocks rose last week with the Dow Jones Industrial Average rising 4% and the S&P 500 gaining 2.6%. The S&P 500 and the Dow both closed at record highs Friday.The Nasdaq Composite advanced 3% last week, despite a sell-off on Friday spurred by rising interest rates. The jump in bond yields has challenged growth stocks in recent weeks and sent investors into cyclical pockets of the market. The Nasdaq is up less than 1% this month, while the Dow and S&P are up 6% and 3.5%, respectively.The small-cap benchmark Russell 2000 surged more than 7% last week as investors rotated into smaller stocks that benefit from a sharp economic comeback.Last week, investors cheered the $1.9 trillion stimulus package that President Joe Biden signed into law. The IRS started processing $1,400 direct payments on Friday and checks started hitting bank accounts over the weekend. The bill will also put nearly $20 billion into Covid-19 vaccinations and $350 billion into state, local and tribal government relief.Investors will be gearing up for Wednesdaywhen the Federal Reserve will deliver its decision on interest rates. The bond market in the coming week will likely take its cues from the Fed.The central bank is expected to acknowledge much better growth in the economy. Bond pros are also watching to see whether Fed officials will tweak their interest rate outlook, which now does not include any rate hikes through 2023.On the vaccine front, Biden announced last week that he would direct states to make all adults eligible for the vaccine by May 1. Biden also set a goal for Americans to be able to gather in person with their friends and loved ones in small groups to celebrate the Fourth of July.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":365280423,"gmtCreate":1614745256562,"gmtModify":1703480582451,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>[财迷]&nbsp;","listText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>[财迷]&nbsp;","text":"$SOS Limited(SOS)$[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/365280423","repostId":"1169386190","repostType":4,"repost":{"id":"1169386190","kind":"news","pubTimestamp":1614743782,"share":"https://www.laohu8.com/m/news/1169386190?lang=zh_CN&edition=full","pubTime":"2021-03-03 11:56","market":"us","language":"en","title":"Making A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know<blockquote>列出最值得关注的加密货币股票？4个需要知道的名字</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169386190","media":"Nasdaq","summary":"Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong","content":"<p>Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress</p><p><blockquote>这些是您关注列表中最好的加密货币股票吗？赞助链接在香港买床垫？查看我们的购物指南Skyler床垫</blockquote></p><p> <b>Cryptocurrencies</b>have and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?</p><p><blockquote><b>加密货币</b>即使进入三月，也将继续成为讨论的热门话题。因此，希望从这一趋势中获利的投资者纷纷涌向顶级加密货币股票。这要归功于比特币的迅速崛起。因此，像马拉松数字控股公司（纳斯达克股票代码：MARA）这样开采比特币的公司现在成为人们关注的焦点。现在掀起波澜的其他加密货币包括以太币和狗狗币，今年迄今其价值已翻了一倍多。特别是，由于特斯拉（纳斯达克：TSLA）首席执行官Elon Musk的支持，后者今年迄今上涨了1,000%以上。是的，这些数字看起来令人印象深刻，但真正的问题是加密货币在这个时代的可行性如何？</blockquote></p><p> According to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.</p><p><blockquote>据花旗银行（NYSE：C）称，比特币有朝一日可能“成为国际贸易的首选货币”。显然，我们可以看到更多的主流公司开始采用加密货币作为合法的支付形式。例如，特斯拉上个月在收购价值15亿美元的比特币时透露了这样做的计划。另一家已经做出这一转变的大公司是微软（纳斯达克：MSFT）。与此同时，PayPal（纳斯达克股票代码：PYPL）等金融科技公司现在也为比特币相关交易提供便利。无论如何，鉴于该货币的波动性，投资者可能不太热衷于直接投资该货币。相反，他们会转向在比特币有经济利益的公司。好吧，如果你是其中之一，这里有四个可以考虑。</blockquote></p><p> Top Cryptocurrency Stocks To Watch This Week</p><p><blockquote>本周最值得关注的加密货币股票</blockquote></p><p> <ul>  <li><b>Future FinTech Group Inc.</b>(NASDAQ: FTFT)</li>  <li><b>Riot Blockchain Inc.</b>(NASDAQ: RIOT)</li>  <li><b>SOS Limited</b>(NYSE: SOS)</li>  <li><b>MicroStrategy Inc.</b>(NASDAQ: MSTR)</li> </ul> <b>Future FinTech Group Inc.</b></p><p><blockquote><ul><li><b>未来金融科技集团公司。</b>（纳斯达克：FTFT）</li><li><b>暴动区块链公司。</b>（纳斯达克：暴动）</li><li><b>SOS有限公司</b>（纽约证券交易所代码：SOS）</li><li><b>微战略公司。</b>（纳斯达克：MSTR）</li></ul><b>未来金融科技集团公司。</b></blockquote></p><p> For starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.</p><p><blockquote>首先，Future FinTech是一家现在备受关注的加密货币公司。简而言之，它是一家领先的区块链电子商务业务和金融科技服务提供商。公司主要运营包括基于区块链的网上商城平台、跨境电商平台、区块链项目孵化器。通过所有这些，未来金融科技开发了区块链技术和服务。</blockquote></p><p> If anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.</p><p><blockquote>如果说有什么不同的话，那就是该公司可能处于有利地位，可以从加密货币的日益普及中受益。因此，FTFT股票的价值今年迄今已上涨了两倍多。除了行业整体上涨外，该公司还在周末发布了一项重大公告。</blockquote></p><p> Notably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?</p><p><blockquote>值得注意的是，未来金融科技透露，其与四川龙马电子科技（龙马）签署了协议。具体而言，该公司收购了龙马子公司四川天码供应链管理（天码）60%的股权。为什么这很重要？Ticode提供专注于供应链行业的金融服务。主要是在电子元件、技术服务和供应链数据管理方面。首席执行官黄善春表示，这将改善未来金融科技金融科技服务的价值链。鉴于所有这些，您会关注FTFT股票吗？</blockquote></p><p> <b>Riot Blockchain Inc.</b></p><p><blockquote><b>暴动区块链公司。</b></blockquote></p><p> Following that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.</p><p><blockquote>接下来，我们将关注科罗拉多的比特币矿工Riot。在某些情况下，该公司专注于构建、支持和运营区块链技术生态系统。它也是目前美国为数不多的在纳斯达克上市的比特币矿业公司之一。随着比特币最近的崛起，RIOT的股票也在上涨。该公司股价目前在过去六个月内涨幅超过1,400%。然而，骚乱似乎不会很快放缓。</blockquote></p><p> Just last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.</p><p><blockquote>就在上个月，该公司发布了几项重要公告。首先，Riot于2月8日任命Jason Les为新任首席执行官。Les拥有超过7年的比特币矿工和区块链技术工程师经验。诚然，此举是有道理的，因为Riot在过去一年中一直在扩大其比特币采矿能力。此外，该公司于2月11日从比特币矿业科技公司比特大陆接收了2000多台下一代加密货币矿工（蚂蚁矿工）。这进一步增强了该公司的采矿能力，拥有超过11,500名蚂蚁矿工的采矿车队。</blockquote></p><p> Moreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?</p><p><blockquote>此外，该公司提到，它已经订购了另外26,100台蚂蚁矿机。这些将通过2021年10月之前的每月预定发货来完成。Les表示，这意味着Riot仍按计划到2021年第四季度将其当前采矿能力增加两倍。鉴于该公司目前的势头，您会将RIOT股票添加到您的观察名单中吗？</blockquote></p><p> <b>SOS Limited</b></p><p><blockquote><b>SOS有限公司</b></blockquote></p><p></p><p> SOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.</p><p><blockquote>SOS是一家新兴的基于区块链的大数据驱动的营销和解决方案提供商。与其他加密货币股票一起，SOS股票昨天盘中上涨超过40%。一方面，SOS是加密货币领域的新参与者之一。目前，该公司正在努力推出其采矿基础设施。除此之外，它还计划为数字资产和加密货币开发保险和安全管理解决方案。与大多数资产一样，加密货币所有者需要一种保护资产安全的方法。鉴于SOS目前的发展轨迹，它可能有助于满足未来的这一需求。更不用说，该公司还通过其营销数据部门为几个蓬勃发展的终端市场提供服务。其中包括但不限于云计算、物联网和人工智能行业。</blockquote></p><p> In terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.</p><p><blockquote>在加密货币相关业务方面，SOS上周提供了其云加密挖掘中心的关键更新。周四，该公司透露，与雷波洞水电站（Leibodong）达成最终协议。根据该协议，雷波东将为SOS提供电力并为其加密采矿钻机提供住房，为期三年。在确定了一个位置后，SOS现在离建立云挖掘业务又近了一步。</blockquote></p><p> Furthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?</p><p><blockquote>此外，该公司还宣布，它还收到了5,000台额外的加密采矿钻机。时间会证明SOS一旦建立起来，是否能够充分利用其当前的采矿基础设施。目前，您会考虑关注SOS股票吗？</blockquote></p><p> <b>MicroStrategy Inc.</b></p><p><blockquote><b>微战略公司。</b></blockquote></p><p> Another cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.</p><p><blockquote>现在另一个备受关注的加密货币参与者是MicroStrategy。总之，该公司提供商业智能和基于云的服务。但是，由于其不断增长的比特币储备，MSTR的股票现在正在上涨。由于首席执行官Michael Saylor对加密货币的坚定信念，MicroStrategy已成为许多加密投资者的首选。随后，这将解释MSTR股票今年迄今超过80%的涨幅。特别是，在昨天上涨4%后，MicroStrategy再次购买了比特币。</blockquote></p><p> Diving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.</p><p><blockquote>该公司直接透露，它以1500万美元现金购买了328个比特币。总而言之，这使得MicroStrategy的比特币数量达到约90,859，使其比特币总持有量突破40亿美元大关。再加上早些时候对加密货币的10亿美元投资，我可以理解为什么加密货币投资者热衷于投资MSTR股票。</blockquote></p><p> According to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you agree?</p><p><blockquote>据Saylor称，该公司目前的储备是以约21.86亿美元的价格购买的。鉴于比特币目前的估值，这将使该公司的利润达到20亿美元左右。这与其建立区块链分析团队的明显举措相结合，可能预示着MSTR股票的未来发展。你会同意吗？</blockquote></p><p></p>","source":"lsy1603171495471","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>Making A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know<blockquote>列出最值得关注的加密货币股票？4个需要知道的名字</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\">\nMaking A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know<blockquote>列出最值得关注的加密货币股票？4个需要知道的名字</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-03-03 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress</p><p><blockquote>这些是您关注列表中最好的加密货币股票吗？赞助链接在香港买床垫？查看我们的购物指南Skyler床垫</blockquote></p><p> <b>Cryptocurrencies</b>have and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?</p><p><blockquote><b>加密货币</b>即使进入三月，也将继续成为讨论的热门话题。因此，希望从这一趋势中获利的投资者纷纷涌向顶级加密货币股票。这要归功于比特币的迅速崛起。因此，像马拉松数字控股公司（纳斯达克股票代码：MARA）这样开采比特币的公司现在成为人们关注的焦点。现在掀起波澜的其他加密货币包括以太币和狗狗币，今年迄今其价值已翻了一倍多。特别是，由于特斯拉（纳斯达克：TSLA）首席执行官Elon Musk的支持，后者今年迄今上涨了1,000%以上。是的，这些数字看起来令人印象深刻，但真正的问题是加密货币在这个时代的可行性如何？</blockquote></p><p> According to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.</p><p><blockquote>据花旗银行（NYSE：C）称，比特币有朝一日可能“成为国际贸易的首选货币”。显然，我们可以看到更多的主流公司开始采用加密货币作为合法的支付形式。例如，特斯拉上个月在收购价值15亿美元的比特币时透露了这样做的计划。另一家已经做出这一转变的大公司是微软（纳斯达克：MSFT）。与此同时，PayPal（纳斯达克股票代码：PYPL）等金融科技公司现在也为比特币相关交易提供便利。无论如何，鉴于该货币的波动性，投资者可能不太热衷于直接投资该货币。相反，他们会转向在比特币有经济利益的公司。好吧，如果你是其中之一，这里有四个可以考虑。</blockquote></p><p> Top Cryptocurrency Stocks To Watch This Week</p><p><blockquote>本周最值得关注的加密货币股票</blockquote></p><p> <ul>  <li><b>Future FinTech Group Inc.</b>(NASDAQ: FTFT)</li>  <li><b>Riot Blockchain Inc.</b>(NASDAQ: RIOT)</li>  <li><b>SOS Limited</b>(NYSE: SOS)</li>  <li><b>MicroStrategy Inc.</b>(NASDAQ: MSTR)</li> </ul> <b>Future FinTech Group Inc.</b></p><p><blockquote><ul><li><b>未来金融科技集团公司。</b>（纳斯达克：FTFT）</li><li><b>暴动区块链公司。</b>（纳斯达克：暴动）</li><li><b>SOS有限公司</b>（纽约证券交易所代码：SOS）</li><li><b>微战略公司。</b>（纳斯达克：MSTR）</li></ul><b>未来金融科技集团公司。</b></blockquote></p><p> For starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.</p><p><blockquote>首先，Future FinTech是一家现在备受关注的加密货币公司。简而言之，它是一家领先的区块链电子商务业务和金融科技服务提供商。公司主要运营包括基于区块链的网上商城平台、跨境电商平台、区块链项目孵化器。通过所有这些，未来金融科技开发了区块链技术和服务。</blockquote></p><p> If anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.</p><p><blockquote>如果说有什么不同的话，那就是该公司可能处于有利地位，可以从加密货币的日益普及中受益。因此，FTFT股票的价值今年迄今已上涨了两倍多。除了行业整体上涨外，该公司还在周末发布了一项重大公告。</blockquote></p><p> Notably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?</p><p><blockquote>值得注意的是，未来金融科技透露，其与四川龙马电子科技（龙马）签署了协议。具体而言，该公司收购了龙马子公司四川天码供应链管理（天码）60%的股权。为什么这很重要？Ticode提供专注于供应链行业的金融服务。主要是在电子元件、技术服务和供应链数据管理方面。首席执行官黄善春表示，这将改善未来金融科技金融科技服务的价值链。鉴于所有这些，您会关注FTFT股票吗？</blockquote></p><p> <b>Riot Blockchain Inc.</b></p><p><blockquote><b>暴动区块链公司。</b></blockquote></p><p> Following that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.</p><p><blockquote>接下来，我们将关注科罗拉多的比特币矿工Riot。在某些情况下，该公司专注于构建、支持和运营区块链技术生态系统。它也是目前美国为数不多的在纳斯达克上市的比特币矿业公司之一。随着比特币最近的崛起，RIOT的股票也在上涨。该公司股价目前在过去六个月内涨幅超过1,400%。然而，骚乱似乎不会很快放缓。</blockquote></p><p> Just last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.</p><p><blockquote>就在上个月，该公司发布了几项重要公告。首先，Riot于2月8日任命Jason Les为新任首席执行官。Les拥有超过7年的比特币矿工和区块链技术工程师经验。诚然，此举是有道理的，因为Riot在过去一年中一直在扩大其比特币采矿能力。此外，该公司于2月11日从比特币矿业科技公司比特大陆接收了2000多台下一代加密货币矿工（蚂蚁矿工）。这进一步增强了该公司的采矿能力，拥有超过11,500名蚂蚁矿工的采矿车队。</blockquote></p><p> Moreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?</p><p><blockquote>此外，该公司提到，它已经订购了另外26,100台蚂蚁矿机。这些将通过2021年10月之前的每月预定发货来完成。Les表示，这意味着Riot仍按计划到2021年第四季度将其当前采矿能力增加两倍。鉴于该公司目前的势头，您会将RIOT股票添加到您的观察名单中吗？</blockquote></p><p> <b>SOS Limited</b></p><p><blockquote><b>SOS有限公司</b></blockquote></p><p></p><p> SOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.</p><p><blockquote>SOS是一家新兴的基于区块链的大数据驱动的营销和解决方案提供商。与其他加密货币股票一起，SOS股票昨天盘中上涨超过40%。一方面，SOS是加密货币领域的新参与者之一。目前，该公司正在努力推出其采矿基础设施。除此之外，它还计划为数字资产和加密货币开发保险和安全管理解决方案。与大多数资产一样，加密货币所有者需要一种保护资产安全的方法。鉴于SOS目前的发展轨迹，它可能有助于满足未来的这一需求。更不用说，该公司还通过其营销数据部门为几个蓬勃发展的终端市场提供服务。其中包括但不限于云计算、物联网和人工智能行业。</blockquote></p><p> In terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.</p><p><blockquote>在加密货币相关业务方面，SOS上周提供了其云加密挖掘中心的关键更新。周四，该公司透露，与雷波洞水电站（Leibodong）达成最终协议。根据该协议，雷波东将为SOS提供电力并为其加密采矿钻机提供住房，为期三年。在确定了一个位置后，SOS现在离建立云挖掘业务又近了一步。</blockquote></p><p> Furthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?</p><p><blockquote>此外，该公司还宣布，它还收到了5,000台额外的加密采矿钻机。时间会证明SOS一旦建立起来，是否能够充分利用其当前的采矿基础设施。目前，您会考虑关注SOS股票吗？</blockquote></p><p> <b>MicroStrategy Inc.</b></p><p><blockquote><b>微战略公司。</b></blockquote></p><p> Another cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.</p><p><blockquote>现在另一个备受关注的加密货币参与者是MicroStrategy。总之，该公司提供商业智能和基于云的服务。但是，由于其不断增长的比特币储备，MSTR的股票现在正在上涨。由于首席执行官Michael Saylor对加密货币的坚定信念，MicroStrategy已成为许多加密投资者的首选。随后，这将解释MSTR股票今年迄今超过80%的涨幅。特别是，在昨天上涨4%后，MicroStrategy再次购买了比特币。</blockquote></p><p> Diving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.</p><p><blockquote>该公司直接透露，它以1500万美元现金购买了328个比特币。总而言之，这使得MicroStrategy的比特币数量达到约90,859，使其比特币总持有量突破40亿美元大关。再加上早些时候对加密货币的10亿美元投资，我可以理解为什么加密货币投资者热衷于投资MSTR股票。</blockquote></p><p> According to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you agree?</p><p><blockquote>据Saylor称，该公司目前的储备是以约21.86亿美元的价格购买的。鉴于比特币目前的估值，这将使该公司的利润达到20亿美元左右。这与其建立区块链分析团队的明显举措相结合，可能预示着MSTR股票的未来发展。你会同意吗？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/making-a-list-of-the-top-cryptocurrency-stocks-to-watch-4-names-to-know-2021-03-02\">Nasdaq</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":{},"source_url":"https://www.nasdaq.com/articles/making-a-list-of-the-top-cryptocurrency-stocks-to-watch-4-names-to-know-2021-03-02","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169386190","content_text":"Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress\nCryptocurrencieshave and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?\nAccording to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.\nTop Cryptocurrency Stocks To Watch This Week\n\nFuture FinTech Group Inc.(NASDAQ: FTFT)\nRiot Blockchain Inc.(NASDAQ: RIOT)\nSOS Limited(NYSE: SOS)\nMicroStrategy Inc.(NASDAQ: MSTR)\n\nFuture FinTech Group Inc.\nFor starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.\nIf anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.\nNotably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?\nRiot Blockchain Inc.\nFollowing that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.\nJust last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.\nMoreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?\nSOS Limited\nSOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.\nIn terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.\nFurthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?\nMicroStrategy Inc.\nAnother cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.\nDiving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.\nAccording to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you agree?","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":361467841,"gmtCreate":1614255953683,"gmtModify":1634550448439,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361467841","repostId":"1169851865","repostType":4,"isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363001167,"gmtCreate":1614079654559,"gmtModify":1634551268210,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363001167","repostId":"1178144401","repostType":4,"isVote":1,"tweetType":1,"viewCount":973,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":385854997,"gmtCreate":1613534938519,"gmtModify":1634553259901,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573302017483188","idStr":"3573302017483188"},"themes":[],"htmlText":"[笑哭]&nbsp;","listText":"[笑哭]&nbsp;","text":"[笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/385854997","repostId":"1134279224","repostType":4,"isVote":1,"tweetType":1,"viewCount":988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":365280423,"gmtCreate":1614745256562,"gmtModify":1703480582451,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>[财迷]&nbsp;","listText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>[财迷]&nbsp;","text":"$SOS Limited(SOS)$[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/365280423","repostId":"1169386190","repostType":4,"repost":{"id":"1169386190","kind":"news","pubTimestamp":1614743782,"share":"https://www.laohu8.com/m/news/1169386190?lang=zh_CN&edition=full","pubTime":"2021-03-03 11:56","market":"us","language":"en","title":"Making A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know<blockquote>列出最值得关注的加密货币股票？4个需要知道的名字</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1169386190","media":"Nasdaq","summary":"Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong","content":"<p>Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress</p><p><blockquote>这些是您关注列表中最好的加密货币股票吗？赞助链接在香港买床垫？查看我们的购物指南Skyler床垫</blockquote></p><p> <b>Cryptocurrencies</b>have and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?</p><p><blockquote><b>加密货币</b>即使进入三月，也将继续成为讨论的热门话题。因此，希望从这一趋势中获利的投资者纷纷涌向顶级加密货币股票。这要归功于比特币的迅速崛起。因此，像马拉松数字控股公司（纳斯达克股票代码：MARA）这样开采比特币的公司现在成为人们关注的焦点。现在掀起波澜的其他加密货币包括以太币和狗狗币，今年迄今其价值已翻了一倍多。特别是，由于特斯拉（纳斯达克：TSLA）首席执行官Elon Musk的支持，后者今年迄今上涨了1,000%以上。是的，这些数字看起来令人印象深刻，但真正的问题是加密货币在这个时代的可行性如何？</blockquote></p><p> According to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.</p><p><blockquote>据花旗银行（NYSE：C）称，比特币有朝一日可能“成为国际贸易的首选货币”。显然，我们可以看到更多的主流公司开始采用加密货币作为合法的支付形式。例如，特斯拉上个月在收购价值15亿美元的比特币时透露了这样做的计划。另一家已经做出这一转变的大公司是微软（纳斯达克：MSFT）。与此同时，PayPal（纳斯达克股票代码：PYPL）等金融科技公司现在也为比特币相关交易提供便利。无论如何，鉴于该货币的波动性，投资者可能不太热衷于直接投资该货币。相反，他们会转向在比特币有经济利益的公司。好吧，如果你是其中之一，这里有四个可以考虑。</blockquote></p><p> Top Cryptocurrency Stocks To Watch This Week</p><p><blockquote>本周最值得关注的加密货币股票</blockquote></p><p> <ul>  <li><b>Future FinTech Group Inc.</b>(NASDAQ: FTFT)</li>  <li><b>Riot Blockchain Inc.</b>(NASDAQ: RIOT)</li>  <li><b>SOS Limited</b>(NYSE: SOS)</li>  <li><b>MicroStrategy Inc.</b>(NASDAQ: MSTR)</li> </ul> <b>Future FinTech Group Inc.</b></p><p><blockquote><ul><li><b>未来金融科技集团公司。</b>（纳斯达克：FTFT）</li><li><b>暴动区块链公司。</b>（纳斯达克：暴动）</li><li><b>SOS有限公司</b>（纽约证券交易所代码：SOS）</li><li><b>微战略公司。</b>（纳斯达克：MSTR）</li></ul><b>未来金融科技集团公司。</b></blockquote></p><p> For starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.</p><p><blockquote>首先，Future FinTech是一家现在备受关注的加密货币公司。简而言之，它是一家领先的区块链电子商务业务和金融科技服务提供商。公司主要运营包括基于区块链的网上商城平台、跨境电商平台、区块链项目孵化器。通过所有这些，未来金融科技开发了区块链技术和服务。</blockquote></p><p> If anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.</p><p><blockquote>如果说有什么不同的话，那就是该公司可能处于有利地位，可以从加密货币的日益普及中受益。因此，FTFT股票的价值今年迄今已上涨了两倍多。除了行业整体上涨外，该公司还在周末发布了一项重大公告。</blockquote></p><p> Notably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?</p><p><blockquote>值得注意的是，未来金融科技透露，其与四川龙马电子科技（龙马）签署了协议。具体而言，该公司收购了龙马子公司四川天码供应链管理（天码）60%的股权。为什么这很重要？Ticode提供专注于供应链行业的金融服务。主要是在电子元件、技术服务和供应链数据管理方面。首席执行官黄善春表示，这将改善未来金融科技金融科技服务的价值链。鉴于所有这些，您会关注FTFT股票吗？</blockquote></p><p> <b>Riot Blockchain Inc.</b></p><p><blockquote><b>暴动区块链公司。</b></blockquote></p><p> Following that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.</p><p><blockquote>接下来，我们将关注科罗拉多的比特币矿工Riot。在某些情况下，该公司专注于构建、支持和运营区块链技术生态系统。它也是目前美国为数不多的在纳斯达克上市的比特币矿业公司之一。随着比特币最近的崛起，RIOT的股票也在上涨。该公司股价目前在过去六个月内涨幅超过1,400%。然而，骚乱似乎不会很快放缓。</blockquote></p><p> Just last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.</p><p><blockquote>就在上个月，该公司发布了几项重要公告。首先，Riot于2月8日任命Jason Les为新任首席执行官。Les拥有超过7年的比特币矿工和区块链技术工程师经验。诚然，此举是有道理的，因为Riot在过去一年中一直在扩大其比特币采矿能力。此外，该公司于2月11日从比特币矿业科技公司比特大陆接收了2000多台下一代加密货币矿工（蚂蚁矿工）。这进一步增强了该公司的采矿能力，拥有超过11,500名蚂蚁矿工的采矿车队。</blockquote></p><p> Moreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?</p><p><blockquote>此外，该公司提到，它已经订购了另外26,100台蚂蚁矿机。这些将通过2021年10月之前的每月预定发货来完成。Les表示，这意味着Riot仍按计划到2021年第四季度将其当前采矿能力增加两倍。鉴于该公司目前的势头，您会将RIOT股票添加到您的观察名单中吗？</blockquote></p><p> <b>SOS Limited</b></p><p><blockquote><b>SOS有限公司</b></blockquote></p><p></p><p> SOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.</p><p><blockquote>SOS是一家新兴的基于区块链的大数据驱动的营销和解决方案提供商。与其他加密货币股票一起，SOS股票昨天盘中上涨超过40%。一方面，SOS是加密货币领域的新参与者之一。目前，该公司正在努力推出其采矿基础设施。除此之外，它还计划为数字资产和加密货币开发保险和安全管理解决方案。与大多数资产一样，加密货币所有者需要一种保护资产安全的方法。鉴于SOS目前的发展轨迹，它可能有助于满足未来的这一需求。更不用说，该公司还通过其营销数据部门为几个蓬勃发展的终端市场提供服务。其中包括但不限于云计算、物联网和人工智能行业。</blockquote></p><p> In terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.</p><p><blockquote>在加密货币相关业务方面，SOS上周提供了其云加密挖掘中心的关键更新。周四，该公司透露，与雷波洞水电站（Leibodong）达成最终协议。根据该协议，雷波东将为SOS提供电力并为其加密采矿钻机提供住房，为期三年。在确定了一个位置后，SOS现在离建立云挖掘业务又近了一步。</blockquote></p><p> Furthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?</p><p><blockquote>此外，该公司还宣布，它还收到了5,000台额外的加密采矿钻机。时间会证明SOS一旦建立起来，是否能够充分利用其当前的采矿基础设施。目前，您会考虑关注SOS股票吗？</blockquote></p><p> <b>MicroStrategy Inc.</b></p><p><blockquote><b>微战略公司。</b></blockquote></p><p> Another cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.</p><p><blockquote>现在另一个备受关注的加密货币参与者是MicroStrategy。总之，该公司提供商业智能和基于云的服务。但是，由于其不断增长的比特币储备，MSTR的股票现在正在上涨。由于首席执行官Michael Saylor对加密货币的坚定信念，MicroStrategy已成为许多加密投资者的首选。随后，这将解释MSTR股票今年迄今超过80%的涨幅。特别是，在昨天上涨4%后，MicroStrategy再次购买了比特币。</blockquote></p><p> Diving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.</p><p><blockquote>该公司直接透露，它以1500万美元现金购买了328个比特币。总而言之，这使得MicroStrategy的比特币数量达到约90,859，使其比特币总持有量突破40亿美元大关。再加上早些时候对加密货币的10亿美元投资，我可以理解为什么加密货币投资者热衷于投资MSTR股票。</blockquote></p><p> According to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you agree?</p><p><blockquote>据Saylor称，该公司目前的储备是以约21.86亿美元的价格购买的。鉴于比特币目前的估值，这将使该公司的利润达到20亿美元左右。这与其建立区块链分析团队的明显举措相结合，可能预示着MSTR股票的未来发展。你会同意吗？</blockquote></p><p></p>","source":"lsy1603171495471","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>Making A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know<blockquote>列出最值得关注的加密货币股票？4个需要知道的名字</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\">\nMaking A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know<blockquote>列出最值得关注的加密货币股票？4个需要知道的名字</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-03-03 11:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress</p><p><blockquote>这些是您关注列表中最好的加密货币股票吗？赞助链接在香港买床垫？查看我们的购物指南Skyler床垫</blockquote></p><p> <b>Cryptocurrencies</b>have and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?</p><p><blockquote><b>加密货币</b>即使进入三月，也将继续成为讨论的热门话题。因此，希望从这一趋势中获利的投资者纷纷涌向顶级加密货币股票。这要归功于比特币的迅速崛起。因此，像马拉松数字控股公司（纳斯达克股票代码：MARA）这样开采比特币的公司现在成为人们关注的焦点。现在掀起波澜的其他加密货币包括以太币和狗狗币，今年迄今其价值已翻了一倍多。特别是，由于特斯拉（纳斯达克：TSLA）首席执行官Elon Musk的支持，后者今年迄今上涨了1,000%以上。是的，这些数字看起来令人印象深刻，但真正的问题是加密货币在这个时代的可行性如何？</blockquote></p><p> According to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.</p><p><blockquote>据花旗银行（NYSE：C）称，比特币有朝一日可能“成为国际贸易的首选货币”。显然，我们可以看到更多的主流公司开始采用加密货币作为合法的支付形式。例如，特斯拉上个月在收购价值15亿美元的比特币时透露了这样做的计划。另一家已经做出这一转变的大公司是微软（纳斯达克：MSFT）。与此同时，PayPal（纳斯达克股票代码：PYPL）等金融科技公司现在也为比特币相关交易提供便利。无论如何，鉴于该货币的波动性，投资者可能不太热衷于直接投资该货币。相反，他们会转向在比特币有经济利益的公司。好吧，如果你是其中之一，这里有四个可以考虑。</blockquote></p><p> Top Cryptocurrency Stocks To Watch This Week</p><p><blockquote>本周最值得关注的加密货币股票</blockquote></p><p> <ul>  <li><b>Future FinTech Group Inc.</b>(NASDAQ: FTFT)</li>  <li><b>Riot Blockchain Inc.</b>(NASDAQ: RIOT)</li>  <li><b>SOS Limited</b>(NYSE: SOS)</li>  <li><b>MicroStrategy Inc.</b>(NASDAQ: MSTR)</li> </ul> <b>Future FinTech Group Inc.</b></p><p><blockquote><ul><li><b>未来金融科技集团公司。</b>（纳斯达克：FTFT）</li><li><b>暴动区块链公司。</b>（纳斯达克：暴动）</li><li><b>SOS有限公司</b>（纽约证券交易所代码：SOS）</li><li><b>微战略公司。</b>（纳斯达克：MSTR）</li></ul><b>未来金融科技集团公司。</b></blockquote></p><p> For starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.</p><p><blockquote>首先，Future FinTech是一家现在备受关注的加密货币公司。简而言之，它是一家领先的区块链电子商务业务和金融科技服务提供商。公司主要运营包括基于区块链的网上商城平台、跨境电商平台、区块链项目孵化器。通过所有这些，未来金融科技开发了区块链技术和服务。</blockquote></p><p> If anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.</p><p><blockquote>如果说有什么不同的话，那就是该公司可能处于有利地位，可以从加密货币的日益普及中受益。因此，FTFT股票的价值今年迄今已上涨了两倍多。除了行业整体上涨外，该公司还在周末发布了一项重大公告。</blockquote></p><p> Notably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?</p><p><blockquote>值得注意的是，未来金融科技透露，其与四川龙马电子科技（龙马）签署了协议。具体而言，该公司收购了龙马子公司四川天码供应链管理（天码）60%的股权。为什么这很重要？Ticode提供专注于供应链行业的金融服务。主要是在电子元件、技术服务和供应链数据管理方面。首席执行官黄善春表示，这将改善未来金融科技金融科技服务的价值链。鉴于所有这些，您会关注FTFT股票吗？</blockquote></p><p> <b>Riot Blockchain Inc.</b></p><p><blockquote><b>暴动区块链公司。</b></blockquote></p><p> Following that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.</p><p><blockquote>接下来，我们将关注科罗拉多的比特币矿工Riot。在某些情况下，该公司专注于构建、支持和运营区块链技术生态系统。它也是目前美国为数不多的在纳斯达克上市的比特币矿业公司之一。随着比特币最近的崛起，RIOT的股票也在上涨。该公司股价目前在过去六个月内涨幅超过1,400%。然而，骚乱似乎不会很快放缓。</blockquote></p><p> Just last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.</p><p><blockquote>就在上个月，该公司发布了几项重要公告。首先，Riot于2月8日任命Jason Les为新任首席执行官。Les拥有超过7年的比特币矿工和区块链技术工程师经验。诚然，此举是有道理的，因为Riot在过去一年中一直在扩大其比特币采矿能力。此外，该公司于2月11日从比特币矿业科技公司比特大陆接收了2000多台下一代加密货币矿工（蚂蚁矿工）。这进一步增强了该公司的采矿能力，拥有超过11,500名蚂蚁矿工的采矿车队。</blockquote></p><p> Moreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?</p><p><blockquote>此外，该公司提到，它已经订购了另外26,100台蚂蚁矿机。这些将通过2021年10月之前的每月预定发货来完成。Les表示，这意味着Riot仍按计划到2021年第四季度将其当前采矿能力增加两倍。鉴于该公司目前的势头，您会将RIOT股票添加到您的观察名单中吗？</blockquote></p><p> <b>SOS Limited</b></p><p><blockquote><b>SOS有限公司</b></blockquote></p><p></p><p> SOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.</p><p><blockquote>SOS是一家新兴的基于区块链的大数据驱动的营销和解决方案提供商。与其他加密货币股票一起，SOS股票昨天盘中上涨超过40%。一方面，SOS是加密货币领域的新参与者之一。目前，该公司正在努力推出其采矿基础设施。除此之外，它还计划为数字资产和加密货币开发保险和安全管理解决方案。与大多数资产一样，加密货币所有者需要一种保护资产安全的方法。鉴于SOS目前的发展轨迹，它可能有助于满足未来的这一需求。更不用说，该公司还通过其营销数据部门为几个蓬勃发展的终端市场提供服务。其中包括但不限于云计算、物联网和人工智能行业。</blockquote></p><p> In terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.</p><p><blockquote>在加密货币相关业务方面，SOS上周提供了其云加密挖掘中心的关键更新。周四，该公司透露，与雷波洞水电站（Leibodong）达成最终协议。根据该协议，雷波东将为SOS提供电力并为其加密采矿钻机提供住房，为期三年。在确定了一个位置后，SOS现在离建立云挖掘业务又近了一步。</blockquote></p><p> Furthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?</p><p><blockquote>此外，该公司还宣布，它还收到了5,000台额外的加密采矿钻机。时间会证明SOS一旦建立起来，是否能够充分利用其当前的采矿基础设施。目前，您会考虑关注SOS股票吗？</blockquote></p><p> <b>MicroStrategy Inc.</b></p><p><blockquote><b>微战略公司。</b></blockquote></p><p> Another cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.</p><p><blockquote>现在另一个备受关注的加密货币参与者是MicroStrategy。总之，该公司提供商业智能和基于云的服务。但是，由于其不断增长的比特币储备，MSTR的股票现在正在上涨。由于首席执行官Michael Saylor对加密货币的坚定信念，MicroStrategy已成为许多加密投资者的首选。随后，这将解释MSTR股票今年迄今超过80%的涨幅。特别是，在昨天上涨4%后，MicroStrategy再次购买了比特币。</blockquote></p><p> Diving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.</p><p><blockquote>该公司直接透露，它以1500万美元现金购买了328个比特币。总而言之，这使得MicroStrategy的比特币数量达到约90,859，使其比特币总持有量突破40亿美元大关。再加上早些时候对加密货币的10亿美元投资，我可以理解为什么加密货币投资者热衷于投资MSTR股票。</blockquote></p><p> According to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you agree?</p><p><blockquote>据Saylor称，该公司目前的储备是以约21.86亿美元的价格购买的。鉴于比特币目前的估值，这将使该公司的利润达到20亿美元左右。这与其建立区块链分析团队的明显举措相结合，可能预示着MSTR股票的未来发展。你会同意吗？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/making-a-list-of-the-top-cryptocurrency-stocks-to-watch-4-names-to-know-2021-03-02\">Nasdaq</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":{},"source_url":"https://www.nasdaq.com/articles/making-a-list-of-the-top-cryptocurrency-stocks-to-watch-4-names-to-know-2021-03-02","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169386190","content_text":"Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress\nCryptocurrencieshave and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?\nAccording to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.\nTop Cryptocurrency Stocks To Watch This Week\n\nFuture FinTech Group Inc.(NASDAQ: FTFT)\nRiot Blockchain Inc.(NASDAQ: RIOT)\nSOS Limited(NYSE: SOS)\nMicroStrategy Inc.(NASDAQ: MSTR)\n\nFuture FinTech Group Inc.\nFor starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.\nIf anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.\nNotably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?\nRiot Blockchain Inc.\nFollowing that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.\nJust last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.\nMoreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?\nSOS Limited\nSOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.\nIn terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.\nFurthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?\nMicroStrategy Inc.\nAnother cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.\nDiving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.\nAccording to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you agree?","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":322481618,"gmtCreate":1615820609034,"gmtModify":1703493615957,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322481618","repostId":"1129468866","repostType":4,"repost":{"id":"1129468866","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":1615815086,"share":"https://www.laohu8.com/m/news/1129468866?lang=zh_CN&edition=full","pubTime":"2021-03-15 21:31","market":"us","language":"en","title":"Dow opens higher as blue-chip index looks to add to record<blockquote>道琼斯指数高开，蓝筹股指数有望再创历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129468866","media":"Tiger Newspress","summary":"(March 15) Dow opens higher as blue-chip index looks to add to record.*Source From Tiger Trade, EST ","content":"<p>(March 15)&nbsp;Dow opens higher as blue-chip index looks to add to record.</p><p><blockquote>（3月15日）道指高开，蓝筹股指数有望再创历史新高。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07a0011d578acf92901b9b4adf142e95\" tg-width=\"1242\" tg-height=\"569\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:30</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间09:30</span></p></blockquote></p><p>U.S. stock index futures rose on Monday, indicating new record highs at the opening bell for the Dow and S&amp;P 500.</p><p><blockquote>美国股指期货周一上涨，道指和标普500在开盘时创下历史新高。</blockquote></p><p>Dow futures gained 80 points, or 0.24%. S&amp;P 500 futures advanced 0.05%, while Nasdaq 100 futures were up 0.1%.</p><p><blockquote>道指期货上涨80点，涨幅0.24%。标普500期货上涨0.05%，纳斯达克100期货上涨0.1%。</blockquote></p><p>Stocks that will benefit most from a swift economic comeback from the pandemic led the gains in premarket trading. American Airlines and United Airlines shares were both up more than 2% in premarket trading. Boeing, Gap and various energy stocks were also higher.</p><p><blockquote>将从疫情经济迅速复苏中受益最大的股票在盘前交易中领涨。美国航空和联合航空股价在盘前交易中均上涨超过2%。波音、盖普和各种能源股也走高。</blockquote></p><p>The U.S. 10-year Treasury hit its highest level in more than a year on Friday. The benchmark Treasury note rate reached 1.642%, its highest level since February 2020.</p><p><blockquote>美国10年期国债周五触及一年多来的最高水平。基准国债利率达到1.642%，为2020年2月以来的最高水平。</blockquote></p><p>The10-year Treasury yieldwas trading flat to slightly lower early Monday.</p><p><blockquote>周一早盘，10年期国债收益率持平至小幅走低。</blockquote></p><p>“Investors will have to continually grapple with the anxiety about economic overheating and Fed tightening that has gripped markets in recent weeks,” wrote David Kostin, Goldman’s chief U.S. equity strategist, in a note. “We believe equity valuations should be able to digest 10-year yields of roughly 2% without much difficulty.”</p><p><blockquote>高盛首席美国股票策略师David Kostin在一份报告中写道：“投资者将不得不不断应对最近几周困扰市场的对经济过热和美联储紧缩政策的焦虑。”“我们认为，股票估值应该能够毫无困难地消化约2%的10年期收益率。”</blockquote></p><p>Stocks rose last week with the Dow Jones Industrial Average rising 4% and the S&amp;P 500 gaining 2.6%. The S&amp;P 500 and the Dow&nbsp;both closed at record highs Friday.</p><p><blockquote>上周股市上涨，道琼斯工业平均指数上涨4%，标普500上涨2.6%。标普500和道琼斯指数周五均收于历史新高。</blockquote></p><p>The Nasdaq Composite advanced 3% last week, despite a sell-off on Friday spurred by rising interest rates. The jump in bond yields has challenged growth stocks in recent weeks and sent investors into cyclical pockets of the market. The Nasdaq is up less than 1% this month, while the Dow and S&amp;P are up 6% and 3.5%, respectively.</p><p><blockquote>尽管周五因利率上升引发抛售，但纳斯达克综合指数上周仍上涨3%。最近几周，债券收益率的飙升对成长型股票构成了挑战，并将投资者送入市场的周期性领域。纳斯达克本月涨幅不到1%，道指和标普分别上涨6%和3.5%。</blockquote></p><p>The small-cap benchmark Russell 2000 surged more than 7% last week as investors rotated into smaller stocks that benefit from a sharp economic comeback.</p><p><blockquote>随着投资者转向受益于经济大幅复苏的小型股，小盘股基准罗素2000指数上周飙升逾7%。</blockquote></p><p>Last week, investors cheered the $1.9 trillion stimulus package that President Joe Biden signed into law. The IRS started processing $1,400 direct payments on Friday and checks started hitting bank accounts over the weekend. The bill will also put nearly $20 billion into Covid-19 vaccinations and $350 billion into state, local and tribal government relief.</p><p><blockquote>上周，投资者对乔·拜登总统签署成为法律的1.9万亿美元刺激计划欢呼雀跃。美国国税局(IRS)周五开始处理1,400美元的直接付款，周末支票开始存入银行账户。该法案还将投入近200亿美元用于新冠肺炎疫苗接种，3500亿美元用于州、地方和部落政府救济。</blockquote></p><p>Investors will be gearing up for Wednesdaywhen the Federal Reserve will deliver its decision on interest rates. The bond market in the coming week will likely take its cues from the Fed.</p><p><blockquote>投资者将为周三美联储公布利率决定做好准备。未来一周的债券市场可能会从美联储那里得到暗示。</blockquote></p><p>The central bank is expected to acknowledge much better growth in the economy. Bond pros are also watching to see whether Fed officials will tweak their interest rate outlook, which now does not include any rate hikes through 2023.</p><p><blockquote>预计央行将承认经济增长更好。债券专业人士也在关注美联储官员是否会调整利率前景，目前利率前景不包括2023年之前的任何加息。</blockquote></p><p>On the vaccine front, Biden announced last week that he would&nbsp;direct states to make all adults eligible&nbsp;for the vaccine by May 1. Biden also set a goal for Americans to be able to gather in person with their friends and loved ones in small groups to celebrate the Fourth of July.</p><p><blockquote>在疫苗方面，拜登上周宣布，他将指示各州在5月1日之前让所有成年人都有资格接种疫苗。拜登还为美国人设定了一个目标，让他们能够亲自与朋友和亲人以小组形式聚集在一起庆祝7月4日。</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>Dow opens higher as blue-chip index looks to add to record<blockquote>道琼斯指数高开，蓝筹股指数有望再创历史新高</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; }\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\">\nDow opens higher as blue-chip index looks to add to record<blockquote>道琼斯指数高开，蓝筹股指数有望再创历史新高</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\">2021-03-15 21:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 15)&nbsp;Dow opens higher as blue-chip index looks to add to record.</p><p><blockquote>（3月15日）道指高开，蓝筹股指数有望再创历史新高。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/07a0011d578acf92901b9b4adf142e95\" tg-width=\"1242\" tg-height=\"569\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:30</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间09:30</span></p></blockquote></p><p>U.S. stock index futures rose on Monday, indicating new record highs at the opening bell for the Dow and S&amp;P 500.</p><p><blockquote>美国股指期货周一上涨，道指和标普500在开盘时创下历史新高。</blockquote></p><p>Dow futures gained 80 points, or 0.24%. S&amp;P 500 futures advanced 0.05%, while Nasdaq 100 futures were up 0.1%.</p><p><blockquote>道指期货上涨80点，涨幅0.24%。标普500期货上涨0.05%，纳斯达克100期货上涨0.1%。</blockquote></p><p>Stocks that will benefit most from a swift economic comeback from the pandemic led the gains in premarket trading. American Airlines and United Airlines shares were both up more than 2% in premarket trading. Boeing, Gap and various energy stocks were also higher.</p><p><blockquote>将从疫情经济迅速复苏中受益最大的股票在盘前交易中领涨。美国航空和联合航空股价在盘前交易中均上涨超过2%。波音、盖普和各种能源股也走高。</blockquote></p><p>The U.S. 10-year Treasury hit its highest level in more than a year on Friday. The benchmark Treasury note rate reached 1.642%, its highest level since February 2020.</p><p><blockquote>美国10年期国债周五触及一年多来的最高水平。基准国债利率达到1.642%，为2020年2月以来的最高水平。</blockquote></p><p>The10-year Treasury yieldwas trading flat to slightly lower early Monday.</p><p><blockquote>周一早盘，10年期国债收益率持平至小幅走低。</blockquote></p><p>“Investors will have to continually grapple with the anxiety about economic overheating and Fed tightening that has gripped markets in recent weeks,” wrote David Kostin, Goldman’s chief U.S. equity strategist, in a note. “We believe equity valuations should be able to digest 10-year yields of roughly 2% without much difficulty.”</p><p><blockquote>高盛首席美国股票策略师David Kostin在一份报告中写道：“投资者将不得不不断应对最近几周困扰市场的对经济过热和美联储紧缩政策的焦虑。”“我们认为，股票估值应该能够毫无困难地消化约2%的10年期收益率。”</blockquote></p><p>Stocks rose last week with the Dow Jones Industrial Average rising 4% and the S&amp;P 500 gaining 2.6%. The S&amp;P 500 and the Dow&nbsp;both closed at record highs Friday.</p><p><blockquote>上周股市上涨，道琼斯工业平均指数上涨4%，标普500上涨2.6%。标普500和道琼斯指数周五均收于历史新高。</blockquote></p><p>The Nasdaq Composite advanced 3% last week, despite a sell-off on Friday spurred by rising interest rates. The jump in bond yields has challenged growth stocks in recent weeks and sent investors into cyclical pockets of the market. The Nasdaq is up less than 1% this month, while the Dow and S&amp;P are up 6% and 3.5%, respectively.</p><p><blockquote>尽管周五因利率上升引发抛售，但纳斯达克综合指数上周仍上涨3%。最近几周，债券收益率的飙升对成长型股票构成了挑战，并将投资者送入市场的周期性领域。纳斯达克本月涨幅不到1%，道指和标普分别上涨6%和3.5%。</blockquote></p><p>The small-cap benchmark Russell 2000 surged more than 7% last week as investors rotated into smaller stocks that benefit from a sharp economic comeback.</p><p><blockquote>随着投资者转向受益于经济大幅复苏的小型股，小盘股基准罗素2000指数上周飙升逾7%。</blockquote></p><p>Last week, investors cheered the $1.9 trillion stimulus package that President Joe Biden signed into law. The IRS started processing $1,400 direct payments on Friday and checks started hitting bank accounts over the weekend. The bill will also put nearly $20 billion into Covid-19 vaccinations and $350 billion into state, local and tribal government relief.</p><p><blockquote>上周，投资者对乔·拜登总统签署成为法律的1.9万亿美元刺激计划欢呼雀跃。美国国税局(IRS)周五开始处理1,400美元的直接付款，周末支票开始存入银行账户。该法案还将投入近200亿美元用于新冠肺炎疫苗接种，3500亿美元用于州、地方和部落政府救济。</blockquote></p><p>Investors will be gearing up for Wednesdaywhen the Federal Reserve will deliver its decision on interest rates. The bond market in the coming week will likely take its cues from the Fed.</p><p><blockquote>投资者将为周三美联储公布利率决定做好准备。未来一周的债券市场可能会从美联储那里得到暗示。</blockquote></p><p>The central bank is expected to acknowledge much better growth in the economy. Bond pros are also watching to see whether Fed officials will tweak their interest rate outlook, which now does not include any rate hikes through 2023.</p><p><blockquote>预计央行将承认经济增长更好。债券专业人士也在关注美联储官员是否会调整利率前景，目前利率前景不包括2023年之前的任何加息。</blockquote></p><p>On the vaccine front, Biden announced last week that he would&nbsp;direct states to make all adults eligible&nbsp;for the vaccine by May 1. Biden also set a goal for Americans to be able to gather in person with their friends and loved ones in small groups to celebrate the Fourth of July.</p><p><blockquote>在疫苗方面，拜登上周宣布，他将指示各州在5月1日之前让所有成年人都有资格接种疫苗。拜登还为美国人设定了一个目标，让他们能够亲自与朋友和亲人以小组形式聚集在一起庆祝7月4日。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129468866","content_text":"(March 15) Dow opens higher as blue-chip index looks to add to record.*Source From Tiger Trade, EST 09:30U.S. stock index futures rose on Monday, indicating new record highs at the opening bell for the Dow and S&P 500.Dow futures gained 80 points, or 0.24%. S&P 500 futures advanced 0.05%, while Nasdaq 100 futures were up 0.1%.Stocks that will benefit most from a swift economic comeback from the pandemic led the gains in premarket trading. American Airlines and United Airlines shares were both up more than 2% in premarket trading. Boeing, Gap and various energy stocks were also higher.The U.S. 10-year Treasury hit its highest level in more than a year on Friday. The benchmark Treasury note rate reached 1.642%, its highest level since February 2020.The10-year Treasury yieldwas trading flat to slightly lower early Monday.“Investors will have to continually grapple with the anxiety about economic overheating and Fed tightening that has gripped markets in recent weeks,” wrote David Kostin, Goldman’s chief U.S. equity strategist, in a note. “We believe equity valuations should be able to digest 10-year yields of roughly 2% without much difficulty.”Stocks rose last week with the Dow Jones Industrial Average rising 4% and the S&P 500 gaining 2.6%. The S&P 500 and the Dow both closed at record highs Friday.The Nasdaq Composite advanced 3% last week, despite a sell-off on Friday spurred by rising interest rates. The jump in bond yields has challenged growth stocks in recent weeks and sent investors into cyclical pockets of the market. The Nasdaq is up less than 1% this month, while the Dow and S&P are up 6% and 3.5%, respectively.The small-cap benchmark Russell 2000 surged more than 7% last week as investors rotated into smaller stocks that benefit from a sharp economic comeback.Last week, investors cheered the $1.9 trillion stimulus package that President Joe Biden signed into law. The IRS started processing $1,400 direct payments on Friday and checks started hitting bank accounts over the weekend. The bill will also put nearly $20 billion into Covid-19 vaccinations and $350 billion into state, local and tribal government relief.Investors will be gearing up for Wednesdaywhen the Federal Reserve will deliver its decision on interest rates. The bond market in the coming week will likely take its cues from the Fed.The central bank is expected to acknowledge much better growth in the economy. Bond pros are also watching to see whether Fed officials will tweak their interest rate outlook, which now does not include any rate hikes through 2023.On the vaccine front, Biden announced last week that he would direct states to make all adults eligible for the vaccine by May 1. Biden also set a goal for Americans to be able to gather in person with their friends and loved ones in small groups to celebrate the Fourth of July.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":126085227,"gmtCreate":1624537716769,"gmtModify":1634004732234,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/126085227","repostId":"1135867851","repostType":4,"isVote":1,"tweetType":1,"viewCount":1379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354408713,"gmtCreate":1617193594332,"gmtModify":1634522166235,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/354408713","repostId":"1126047060","repostType":4,"repost":{"id":"1126047060","kind":"news","pubTimestamp":1617185695,"share":"https://www.laohu8.com/m/news/1126047060?lang=zh_CN&edition=full","pubTime":"2021-03-31 18:14","market":"us","language":"en","title":"Why Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126047060","media":"Barron's","summary":"The ARK Space Exploration & Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.That is because ARK’s space fund  isn’t limited to companies directly involved ","content":"<p>The ARK Space Exploration &amp; Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.</p><p><blockquote>方舟太空探索与创新交易所交易基金是凯西·伍德(Cathie Wood)方舟投资管理公司(ARK Investment Management)的第八只基金，在周二推出时吸引了众多眼球。但投资者在该基金的投资组合中发现了一些惊喜：太空探索相关领域的一些受欢迎的公司没有被包括在内，而其他看似不相关的公司——包括六家互联网科技巨头——却占据了很大的权重。</blockquote></p><p>That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.</p><p><blockquote>这是因为方舟的太空基金（股票代码：ARKX）不仅限于直接参与太空业务的公司，还包括间接推动太空繁荣的其他创新。例如，该ETF拥有谷歌母公司Alphabet（股票代码：GOOG），因为它是人工智能领域的领导者。另一家控股公司英伟达(NVDA)生产计算机芯片，使火箭能够高效运行。</blockquote></p><p>The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”</p><p><blockquote>该基金的第二大头寸是另一只ARK产品，价值5.48亿美元的ARK 3D打印ETF(PRNT)。ARK客户投资组合经理Ren Leggi表示，这是因为出于成本、重量和耐用性等原因，许多火箭部件都是3D打印的。可以肯定的是，ARK 3D打印ETF的0.66%管理费全额返还给ARKX投资者。“我们不会二次探底，”莱吉说，“你不会支付双层费用。”</blockquote></p><p>The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”</p><p><blockquote>该基金还持有能够从航空航天相关技术发展中受益的公司。亚马逊（AMZN）和阿里巴巴-SW（BABA）等电子商务巨头也被包括在内，因为如果市场成熟并扩大规模，它们可以节省送货成本并从无人机中产生收入。随着卫星宽带将更多人连接到互联网，另一家控股公司Netflix(NFLX)可能会释放数百万新用户。“有30亿人无法访问互联网，”莱吉说。“卫星连接打开了市场。它确实与地面上的任何东西有关。”</blockquote></p><p>Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.</p><p><blockquote>尽管如此，该基金仍有一个明显的遗漏：它不持有任何将通过与特殊目的收购公司（SPAC）合并上市的新的纯太空公司。</blockquote></p><p>Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.</p><p><blockquote>这些选择将包括美国火箭实验室和阿斯特拉，这两家发射服务公司目前正在将商业有效载荷送入近地轨道。这对组合分别与Vector Acquisition(VACQ)和Holicity(HOL)合并。BlackSky和Spire Global这两家地球成像公司将分别与Osprey Technology Acquisition(SFWT)和NavSight(NSH)合并。</blockquote></p><p>Others include AST &amp; Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.</p><p><blockquote>其他公司包括正在与New Providence Acquisition(NPA)合并的AST&amp;Science。该公司正在安装数百颗卫星来提供移动电话基础设施。Momentus与Redwire一起提供支持新商业太空参与者的基础设施服务。这两家公司分别与Stable Road Acquisition(SRAC)和Genesis Park Acquisition(GNPK)合并。</blockquote></p><p>The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.</p><p><blockquote>根据SPAC合并完成后每家公司的已发行股票数量计算，这七家公司的市值约为160亿美元。但这些名字都没有包含在方舟太空基金的投资组合中——至少现在还没有。</blockquote></p><p>ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.</p><p><blockquote>Leggi表示，如果合并目标已经确定，ARK愿意投资SPAC，但他们需要审查比SPAC合并演示文稿中通常提供的更多的财务数据。</blockquote></p><p>High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.</p><p><blockquote>高估值也让ARK等待了一些名字。Leggi表示：“它们符合我们的主题，但从估值角度来看，它们没有达到我们未来五年的最低利率。”他指出，该基金寻找能够为投资者提供15%年化回报的公司。“我们将保持耐心，继续跟踪他们。如果我们有机会，我们会介入。他们中的很多人都非常有趣，”他补充道。</blockquote></p><p>ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.</p><p><blockquote>ARK并不是唯一一个对进入太空SPAC犹豫不决的公司。该太空基金的竞争对手、价值1.29亿美元的Procure Space ETF(UFO)也不拥有任何SPAC。与主动管理的ARK ETF不同，Procure基金跟踪基础指数，并制定预定规则，禁止在合并完成之前投资SPAC。</blockquote></p><p>“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”</p><p><blockquote>Procure ETF首席执行官安德鲁·查宁(Andrew Chanin)告诉《巴伦周刊》：“任何SPAC都面临巨大风险。”“宣布了一个目标，但由于多种原因交易没有通过。那么你看到的是一家除了提议的目标之外没有任何空间敞口的公司。”</blockquote></p><p>The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).</p><p><blockquote>在SPAC合并完成后不久，Procure ETF就在其持有的股票中增加了新的公开股票，例如太空旅游先驱维珍银河(SPCE)。</blockquote></p><p>The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.</p><p><blockquote>Procure ETF声称是一种“更纯粹”的游戏。根据指数要求，其投资组合的80%以上必须投资于大部分收入来自太空相关业务和活动的公司。其余20%属于多元化的航空航天国防公司，例如波音(BA)和洛克希德·马丁公司(LMT)，这些公司也从其太空相关部门产生了大量收入（尽管不是大部分）。</blockquote></p><p></p><p>“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”</p><p><blockquote>“任何人都可以说，几乎每家上市公司都涉足太空，或者太空在该公司的成功能力中发挥着作用，”查宁说。“对我们来说，这并不是要就一家公司如何从太空中受益进行细致入微的争论。”</blockquote></p><p><b>Differing Exposures</b></p><p><blockquote><b>不同的暴露</b></blockquote></p><p>Percentage of portfolio in selected industries.</p><p><blockquote>所选行业投资组合的百分比。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7610169c4e1c63baad57b034b647f2ef\" tg-width=\"1242\" tg-height=\"975\" referrerpolicy=\"no-referrer\">Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.</p><p><blockquote>尽管存在差异，但两只基金均持有相同的顶级持股Trimble(TRMB)，在ARK基金中的权重为8.6%，在Procure基金中的权重为5.2%。该公司正在进军多个太空相关领域，为无人机提供软件、数据和传感器，以及为太空建设和物流提供车队管理服务。</blockquote></p><p>Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&amp;P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.</p><p><blockquote>Procure的太空基金于2019年4月启动。2020年下跌2%，而标普500则上涨18.4%。今年迄今为止，Procure基金已上涨11.1%，比整体指数高出5个百分点。</blockquote></p><p>The ARK space fund finished its first trading day on Tuesday down 1%. The S&amp;P 500 fell less than 1%.</p><p><blockquote>ARK space基金周二首个交易日收盘下跌1%。标普500跌不到1%。</blockquote></p><p>And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. The company is already carrying payloads into space and has the ability to build and manage satellites.</p><p><blockquote>尽管这两只基金都没有投资太空SPAC，但投资者仍然可以通过购买其SPAC的股票来拥有其中的一部分。《巴伦周刊》最近对火箭实验室进行了积极评价，认为它是寻求新太空投资的成长型投资者的最佳选择。该公司已经将有效载荷送入太空，并有能力建造和管理卫星。</blockquote></p><p></p>","source":"lsy1610680873436","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 Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Cathie Wood’s Space ETF Has Some Unexpected Holdings<blockquote>为什么Cathie Wood的Space ETF持有一些意想不到的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-03-31 18:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The ARK Space Exploration &amp; Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.</p><p><blockquote>方舟太空探索与创新交易所交易基金是凯西·伍德(Cathie Wood)方舟投资管理公司(ARK Investment Management)的第八只基金，在周二推出时吸引了众多眼球。但投资者在该基金的投资组合中发现了一些惊喜：太空探索相关领域的一些受欢迎的公司没有被包括在内，而其他看似不相关的公司——包括六家互联网科技巨头——却占据了很大的权重。</blockquote></p><p>That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.</p><p><blockquote>这是因为方舟的太空基金（股票代码：ARKX）不仅限于直接参与太空业务的公司，还包括间接推动太空繁荣的其他创新。例如，该ETF拥有谷歌母公司Alphabet（股票代码：GOOG），因为它是人工智能领域的领导者。另一家控股公司英伟达(NVDA)生产计算机芯片，使火箭能够高效运行。</blockquote></p><p>The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”</p><p><blockquote>该基金的第二大头寸是另一只ARK产品，价值5.48亿美元的ARK 3D打印ETF(PRNT)。ARK客户投资组合经理Ren Leggi表示，这是因为出于成本、重量和耐用性等原因，许多火箭部件都是3D打印的。可以肯定的是，ARK 3D打印ETF的0.66%管理费全额返还给ARKX投资者。“我们不会二次探底，”莱吉说，“你不会支付双层费用。”</blockquote></p><p>The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”</p><p><blockquote>该基金还持有能够从航空航天相关技术发展中受益的公司。亚马逊（AMZN）和阿里巴巴-SW（BABA）等电子商务巨头也被包括在内，因为如果市场成熟并扩大规模，它们可以节省送货成本并从无人机中产生收入。随着卫星宽带将更多人连接到互联网，另一家控股公司Netflix(NFLX)可能会释放数百万新用户。“有30亿人无法访问互联网，”莱吉说。“卫星连接打开了市场。它确实与地面上的任何东西有关。”</blockquote></p><p>Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.</p><p><blockquote>尽管如此，该基金仍有一个明显的遗漏：它不持有任何将通过与特殊目的收购公司（SPAC）合并上市的新的纯太空公司。</blockquote></p><p>Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.</p><p><blockquote>这些选择将包括美国火箭实验室和阿斯特拉，这两家发射服务公司目前正在将商业有效载荷送入近地轨道。这对组合分别与Vector Acquisition(VACQ)和Holicity(HOL)合并。BlackSky和Spire Global这两家地球成像公司将分别与Osprey Technology Acquisition(SFWT)和NavSight(NSH)合并。</blockquote></p><p>Others include AST &amp; Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.</p><p><blockquote>其他公司包括正在与New Providence Acquisition(NPA)合并的AST&amp;Science。该公司正在安装数百颗卫星来提供移动电话基础设施。Momentus与Redwire一起提供支持新商业太空参与者的基础设施服务。这两家公司分别与Stable Road Acquisition(SRAC)和Genesis Park Acquisition(GNPK)合并。</blockquote></p><p>The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.</p><p><blockquote>根据SPAC合并完成后每家公司的已发行股票数量计算，这七家公司的市值约为160亿美元。但这些名字都没有包含在方舟太空基金的投资组合中——至少现在还没有。</blockquote></p><p>ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.</p><p><blockquote>Leggi表示，如果合并目标已经确定，ARK愿意投资SPAC，但他们需要审查比SPAC合并演示文稿中通常提供的更多的财务数据。</blockquote></p><p>High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.</p><p><blockquote>高估值也让ARK等待了一些名字。Leggi表示：“它们符合我们的主题，但从估值角度来看，它们没有达到我们未来五年的最低利率。”他指出，该基金寻找能够为投资者提供15%年化回报的公司。“我们将保持耐心，继续跟踪他们。如果我们有机会，我们会介入。他们中的很多人都非常有趣，”他补充道。</blockquote></p><p>ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.</p><p><blockquote>ARK并不是唯一一个对进入太空SPAC犹豫不决的公司。该太空基金的竞争对手、价值1.29亿美元的Procure Space ETF(UFO)也不拥有任何SPAC。与主动管理的ARK ETF不同，Procure基金跟踪基础指数，并制定预定规则，禁止在合并完成之前投资SPAC。</blockquote></p><p>“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”</p><p><blockquote>Procure ETF首席执行官安德鲁·查宁(Andrew Chanin)告诉《巴伦周刊》：“任何SPAC都面临巨大风险。”“宣布了一个目标，但由于多种原因交易没有通过。那么你看到的是一家除了提议的目标之外没有任何空间敞口的公司。”</blockquote></p><p>The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).</p><p><blockquote>在SPAC合并完成后不久，Procure ETF就在其持有的股票中增加了新的公开股票，例如太空旅游先驱维珍银河(SPCE)。</blockquote></p><p>The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.</p><p><blockquote>Procure ETF声称是一种“更纯粹”的游戏。根据指数要求，其投资组合的80%以上必须投资于大部分收入来自太空相关业务和活动的公司。其余20%属于多元化的航空航天国防公司，例如波音(BA)和洛克希德·马丁公司(LMT)，这些公司也从其太空相关部门产生了大量收入（尽管不是大部分）。</blockquote></p><p></p><p>“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”</p><p><blockquote>“任何人都可以说，几乎每家上市公司都涉足太空，或者太空在该公司的成功能力中发挥着作用，”查宁说。“对我们来说，这并不是要就一家公司如何从太空中受益进行细致入微的争论。”</blockquote></p><p><b>Differing Exposures</b></p><p><blockquote><b>不同的暴露</b></blockquote></p><p>Percentage of portfolio in selected industries.</p><p><blockquote>所选行业投资组合的百分比。</blockquote></p><p><img src=\"https://static.tigerbbs.com/7610169c4e1c63baad57b034b647f2ef\" tg-width=\"1242\" tg-height=\"975\" referrerpolicy=\"no-referrer\">Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.</p><p><blockquote>尽管存在差异，但两只基金均持有相同的顶级持股Trimble(TRMB)，在ARK基金中的权重为8.6%，在Procure基金中的权重为5.2%。该公司正在进军多个太空相关领域，为无人机提供软件、数据和传感器，以及为太空建设和物流提供车队管理服务。</blockquote></p><p>Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&amp;P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.</p><p><blockquote>Procure的太空基金于2019年4月启动。2020年下跌2%，而标普500则上涨18.4%。今年迄今为止，Procure基金已上涨11.1%，比整体指数高出5个百分点。</blockquote></p><p>The ARK space fund finished its first trading day on Tuesday down 1%. The S&amp;P 500 fell less than 1%.</p><p><blockquote>ARK space基金周二首个交易日收盘下跌1%。标普500跌不到1%。</blockquote></p><p>And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. The company is already carrying payloads into space and has the ability to build and manage satellites.</p><p><blockquote>尽管这两只基金都没有投资太空SPAC，但投资者仍然可以通过购买其SPAC的股票来拥有其中的一部分。《巴伦周刊》最近对火箭实验室进行了积极评价，认为它是寻求新太空投资的成长型投资者的最佳选择。该公司已经将有效载荷送入太空，并有能力建造和管理卫星。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-ark-space-etf-has-some-unexpected-holdings-51617150050?mod=hp_LEAD_1\">Barron's</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":"https://static.tigerbbs.com/55e4b11e868aab2bd1399f8a1e0cd685","relate_stocks":{},"source_url":"https://www.barrons.com/articles/the-ark-space-etf-has-some-unexpected-holdings-51617150050?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126047060","content_text":"The ARK Space Exploration & Innovation exchange-traded fund –the eighth fund from Cathie Wood’s ARK Investment Management–attracted a lot of eyeballs at its launch on Tuesday. But investors found some surprises in the fund’s portfolio: Some popular firms in space-exploration related fields were not included, while other seemingly unrelated names–including half a dozen internet tech giants–make up a significant weight.That is because ARK’s space fund (ticker: ARKX) isn’t limited to companies directly involved in the space business, but also other innovations that have indirectly enabled the space boom. The ETF owns Google parent Alphabet (ticker: GOOG), for example, because it’s a leader in artificial intelligence. NVIDIA (NVDA), another holding, manufactures computer chips that allow rockets to operate efficiently.The fund’s second-largest position is another ARK product, the $548 million ARK 3D Printing ETF (PRNT). That’s because many rocket parts are 3D printed for reasons related to cost, weight, and durability, says Ren Leggi, client portfolio manager at ARK. To be sure, the 0.66% management fee of the ARK 3D Printing ETF is fully rebated back to ARKX investors. “We are not double dipping,” says Leggi, “You are not paying double-layer fees.”The fund also holds companies that are well-positioned to benefit from the development in aerospace-related tech. E-commerce giants like Amazon.com (AMZN) and Alibaba (BABA) are included because they can save delivery costs and generate revenue from drones if that market matures and scales. Netflix (NFLX), another holding, could potentially unlock millions of new users as satellite broadband connects more people to the internet. “There are three billion people who do not have access to internet,” says Leggi. “Satellite connectivity opens up the market. It really is about anything above ground.”Still, there is one glaring omission in the fund: It doesn’t hold any of the new pure-play space companies set to go public via mergers with special purpose acquisition companies, or SPACs.Those options would include Rocket Lab USA and Astra, two launch service companies that are currently sending commercial payloads into low Earth orbit. The pair is merging with Vector Acquisition (VACQ) and Holicity (HOL), respectively. BlackSky and Spire Global, two earth imaging businesses, are merging with Osprey Technology Acquisition (SFWT) and NavSight (NSH), respectively.Others include AST & Science, which is merging with New Providence Acquisition (NPA). That company is putting up hundreds of satellites to provide mobile phone infrastructure. Momentus, along with Redwire, offer the infrastructure services supporting new commercial space players. Those two are merging with Stable Road Acquisition (SRAC) and Genesis Park Acquisition (GNPK), respectively.The market capitalization of those seven companies is roughly $16 billion based on the number of shares outstanding for each after their SPAC mergers close. But none of those names are included in the ARK Space fund’s portfolio—at least not yet.ARK is open to investing in SPACs if the merger target has already been identified, says Leggi, but they need to review more financial data than is typically provided in SPAC merger presentations.High valuations have also caused ARK to wait on some names. “They fit our theme but from a valuation point, they don’t meet our hurdle rate for the next five years,” says Leggi, noting that the fund looks for companies that can provide investors with 15% annualized returns. “We will be patient and continue to track them. If we get an opportunity, we will leg into it. A lot of them are very interesting,” he adds.ARK isn’t the only one hesitant to jump into space SPACs. The space fund’s rival, the $129 million Procure Space ETF (UFO), also doesn’t own any SPACs. Unlike the actively managed ARK ETF, the Procure fund tracks an underlying index with predetermined rules that prohibit investments in SPACs before the merger is complete.“There is a tremendous risk to any SPAC,” Andrew Chanin, CEO of Procure ETFs, tells Barron’s. “That a target is announced and the deal doesn’t go through for a multitude of reasons. Then you are looking at a company that doesn’t have any space exposure other than a proposed target.”The Procure ETF has added newly public stocks to its holdings shortly after the SPAC merger was completed, such as space tourism pioneer Virgin Galactic (SPCE).The Procure ETF claims to be a “purer” play. More than 80% of its portfolio–per index mandate–has to be invested in companies whose majority revenues are derived from space-related businesses and activities. The remaining 20% are in diversified aerospace defense names such as Boeing (BA) and Lockheed Martin (LMT), which also generate a significant amount of revenue–albeit not the majority–from their space-related units.“Anyone can argue that almost every publicly traded company has some exposure to space, or space plays a role in that company’s ability to succeed,” says Chanin. “For us, it’s not about making nuanced arguments about how maybe a company could potentially benefit from space.”Differing ExposuresPercentage of portfolio in selected industries.Despite their differences, both funds share the same top holding, Trimble (TRMB), with an 8.6% weight in the ARK fund and a 5.2% weight in the Procure fund. The company is tapping into multiple space-related areas, offering software, data, and sensors for drones, as well as fleet management services for space construction and logistics.Procure’s space fund was launched in April 2019. It dipped 2% in 2020, while the S&P 500 returned 18.4%. Year to date, the Procure fund has gained 11.1%, beating the broader index by five percentage points.The ARK space fund finished its first trading day on Tuesday down 1%. The S&P 500 fell less than 1%.And although neither funds have exposure to space SPACs, investors can still own a piece of them by buying shares of their SPACs. Barron’s recently wrote positively about Rocket Labs, believing it’s the best option for growth investors looking for new space exposure. 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The consolidated financial statements for the year ended December 31, 2020 have been audited by PricewaterhouseCoopers, the independent auditor of the Company (the “Auditor”) in accordance with International Standards on Auditing. The results have been reviewed by the Audit Committee.</p><p><blockquote>快手科技董事会已公布公司截至2020年12月31日止年度的经审核综合业绩。截至2020年12月31日止年度的综合财务报表已由本公司独立核数师罗兵咸永道会计师事务所（“核数师”）根据国际审计准则审核。业绩已由审核委员会审阅。</blockquote></p><p>Kuaishou Technology   :</p><p><blockquote>快手科技：</blockquote></p><p>* FY ADJUSTED NET LOSS RMB 7.95 BILLION VERSUS PROFIT OF RMB1.03 BILLION</p><p><blockquote>*财年调整后净亏损人民币79.5亿元，利润人民币10.3亿元</blockquote></p><p>* FY TOTAL REVENUE GREW TO RMB58.8 BILLION FROM RMB39.1 BILLION IN 2019</p><p><blockquote>*财年总收入由2019年的人民币391亿元增长至人民币588亿元</blockquote></p><p>* FY OPERATING LOSS RMB10.32 BILLION VERSUS PROFIT OF RMB688.7 MILLION</p><p><blockquote>*本财政年度经营亏损人民币103.2亿元，溢利为人民币6.887亿元</blockquote></p><p>* <a href=\"https://laohu8.com/S/KUASF\">KUAISHOU TECHNOLOGY</a> FY LOSS ATTRIBUTABLE RMB116.64 BILLION VERSUS LOSS OF RMB19.65 BILLION</p><p><blockquote>*<a href=\"https://laohu8.com/S/KUASF\">快手科技</a>财年应占亏损人民币1,166.4亿元，而亏损为人民币196.5亿元</blockquote></p><p>* FOR YEAR ENDED DEC 31 2020, AVERAGE DAUS 264.6 MILLION</p><p><blockquote>*截至2020年12月31日止年度，平均DAU为2.646亿</blockquote></p><p>* AVERAGE DAILY TIME SPENT PER DAU ON KUAISHOU APP INCREASED BY 17.0% TO 87.3 MINUTES IN 2020</p><p><blockquote>*2020年，每DAU在快手应用上的平均每日花费时间增加17.0%至87.3分钟</blockquote></p><p><img src=\"https://static.tigerbbs.com/1f8d1bb3c11601b54a2a0d85fc57137a\" tg-width=\"1181\" tg-height=\"659\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3aedc5bd25fa5a777d572283ab0a0793\" tg-width=\"785\" tg-height=\"857\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Business Overview </b></p><p><blockquote><b>业务概况</b></blockquote></p><p>Year 2020 was indeed a memorable year. COVID-19 surprised the world with challenges and uncertainties. It also changed how we live and brought new opportunities as people spent more time online to socialize, be entertained, shop, acquire knowledge and information and more. Kuaishou, as a leading content community and social platform, helped people discover a vast world of content that expands their interests and horizons. We also played a role in driving digitization and contributing to overall economic recovery. We will continue forging ahead to create value for our users and customers through our deep and diverse content offerings, effective service solutions and AI-powered technologies to help people discover their needs and use their talents to improve their lives and their unique brand of happiness.</p><p><blockquote>2020年确实是值得纪念的一年。新冠肺炎给世界带来了挑战和不确定性。它还改变了我们的生活方式，并带来了新的机会，因为人们花更多的时间在网上社交、娱乐、购物、获取知识和信息等。快手作为领先的内容社区和社交平台，帮助人们发现了广阔的内容世界，拓展了他们的兴趣和视野。我们还在推动数字化和促进整体经济复苏方面发挥了作用。我们将继续锐意进取，通过我们丰富多样的内容产品、有效的服务解决方案和人工智能技术，为我们的用户和客户创造价值，帮助人们发现他们的需求，利用他们的才能改善他们的生活和他们独特的幸福品牌。</blockquote></p><p>In 2020, we continued enriching our content, product and service offerings to discover and serve our users’ needs to keep them actively engaged within our ecosystem. As a result, we have seen a substantial increase of our user base in 2020 as well as robust gains in user engagement. Our average DAUs and MAUs on all our apps and mini programs in China in 2020 were 308.1 million and 777.0 million, respectively. The average DAUs and MAUs on Kuaishou App in 2020 were 264.6 million and 481.1 million, respectively, representing a year-over-year increase of 50.7% and 45.6%, respectively. The average daily time spent per DAU on Kuaishou App increased by 17.0% to 87.3 minutes in 2020 from 74.6 minutes in 2019.</p><p><blockquote>2020年，我们继续丰富我们的内容、产品和服务，以发现和满足用户的需求，让他们积极参与我们的生态系统。因此，我们看到我们的用户群在2020年大幅增长，用户参与度也强劲增长。2020年，我们在中国所有应用程序及小程序的平均日活跃用户数及月活跃用户数分别为308.1百万及777.0百万。2020年快手应用的平均日活跃用户数和月活跃用户数分别为2.646亿和4.811亿，同比分别增长50.7%和45.6%。每个DAU在快手应用上的平均每日花费时间由2019年的74.6分钟增加17.0%至2020年的87.3分钟。</blockquote></p><p>We are committed to improving the quality, relevance and diversity of our content offerings to address evolving user interests and needs on our platform, which in turn encourages content creation. Our growing user base forms the bedrock of our content community and our users are the key sources of boundless creativity. Over 25% of our average MAUs on Kuaishou App were content creators in 2020. We also started exploring new content formats that can contribute to the vibrancy of our ecosystem and attract new users.</p><p><blockquote>我们致力于提高内容产品的质量、相关性和多样性，以满足我们平台上不断变化的用户兴趣和需求，从而鼓励内容创作。我们不断增长的用户群构成了我们内容社区的基石，我们的用户是无限创意的关键来源。2020年，我们在快手应用上的平均月活跃用户中超过25%为内容创作者。我们还开始探索新的内容格式，以增强我们生态系统的活力并吸引新用户。</blockquote></p><p>Kuaishou has inspired many to create and has become the platform of choice for content creation and business activities. As more users use Kuaishou App, the more diverse and vibrant our ecosystem becomes, thereby increasing user engagement and the value we provide to our ecosystem participants. Users’ interactions and trust greatly enhance our monetization capabilities, which in turn, attracts more advertisers, merchants and other business partners to our platform. In addition, our strong user engagement and advanced technologies enable us to understand our users better and provide more efficient and appealing services to our users and customers.</p><p><blockquote>快手激发了许多人的创作灵感，并成为内容创作和商业活动的首选平台。随着更多用户使用快手应用程序，我们的生态系统变得更加多样化和充满活力，从而提高用户参与度和我们为生态系统参与者提供的价值。用户的互动和信任大大增强了我们的变现能力，进而吸引更多广告商、商家和其他业务合作伙伴加入我们的平台。此外，我们强大的用户参与度和先进的技术使我们能够更好地了解我们的用户，并为我们的用户和客户提供更高效和更具吸引力的服务。</blockquote></p><p>For the full year ended December 31, 2020, our total revenue grew significantly to RMB58.8 billion from RMB39.1 billion in 2019, posting a year-over-year increase of 50.2%, which was primarily attributable to the robust growth in our online marketing services and other services including e-commerce. Our online marketing services revenue continued its rapid growth in 2020, increasing by 194.6% to RMB21.9 billion from RMB7.4 billion in 2019. Revenue contribution from online marketing services to total revenue increased from 19.0% in 2019 to 37.2% in 2020. Live streaming represented 56.5% of our total revenue and the remaining 6.3% was attributable to other services. Due to the change in our revenue mix, our gross margin improved to 40.5% from 36.1% in 2019.</p><p><blockquote>截至2020年12月31日止全年，我们的总收入由2019年的人民币391亿元大幅增长至人民币588亿元，同比增长50.2%，主要归因于我们的在线营销服务及包括电子商务在内的其他服务的强劲增长。我们的在线营销服务收入于2020年继续快速增长，由2019年的人民币74亿元增加194.6%至人民币219亿元。线上营销服务收入佔总收入的贡献由2019年的19.0%增加至2020年的37.2%。直播佔我们总收入的56.5%，馀下6.3%来自其他服务。由于我们收入组合的变化，我们的毛利率由2019年的36.1%改善至40.5%。</blockquote></p><p><b>Online marketing services </b></p><p><blockquote><b>在线营销服务</b></blockquote></p><p></p><p>Online video-based advertising is a promising market and online marketing service is one of the key strategic businesses for our long-term growth. Our massive and highly engaged user community makes our platform increasingly attractive to advertisers.</p><p><blockquote>基于视频的在线广告是一个前景广阔的市场，在线营销服务是我们长期增长的关键战略业务之一。我们庞大且高度参与的用户社区使我们的平台对广告商越来越有吸引力。</blockquote></p><p>In 2020, we launched an integrated advertising platform, further solidifying the foundation of our online marketing services. Our strong user engagement and advanced technologies empowered us to achieve precise understanding of our users, and sophisticated advertising content development and distribution, which led to improved advertising efficiency and effectiveness. We introduced an increasing number of powerful and intuitive tools and services to empower advertisers, allowing them to more precisely reach and engage with their target customers. Furthermore, we expanded our sales team and channel coverage, as well as giving greater emphasis to a more diverse set of advertising formats, such as branding advertisement and advertising union, in addition to short video feeds advertisement. In order to optimize our user experience, we also reinforced our cooperation with advertisers and content creators to deliver unique and customized ad content. At the same time, through refined algorithms and enriched ad materials, the ad content became less disruptive to our users.</p><p><blockquote>2020年，我们推出了整合广告平台，进一步夯实了我们在线营销服务的基础。我们强大的用户参与度和先进的技术使我们能够准确了解我们的用户，并开发和分发复杂的广告内容，从而提高广告效率和效果。我们推出了越来越多功能强大且直观的工具和服务，为广告主赋能，让他们能够更精准地接触目标客户并与之互动。此外，我们扩大了销售团队和渠道覆盖范围，并更加重视除短视频广告外的品牌广告和广告联盟等更多元化的广告形式。为优化用户体验，我们亦加强与广告商及内容创作者的合作，提供独特及定制的广告内容。同时，通过完善的算法和丰富的广告素材，广告内容对用户的干扰减少。</blockquote></p><p>As a result, we enjoyed robust growth in online marketing services. Revenue from online marketing services in 2020 increased by 194.6% to RMB21.9 billion, from RMB7.4 billion in 2019. Our average online marketing services revenue per DAU in 2020 increased by 95.3% to RMB82.6 from RMB42.3 in 2019. In the fourth quarter of 2020, online marketing services became the largest contributor to our total revenue, as a percentage of revenue, it surpassed the contribution of live streaming business for the first time.</p><p><blockquote>因此，我们的在线营销服务增长强劲。线上营销服务收入由2019年的人民币74亿元增加194.6%至2020年的人民币219亿元。我们每DAU的平均线上营销服务收入由2019年的人民币42.3元增加95.3%至2020年的人民币82.6元。2020年第四季度，在线营销服务成为我们总收入的最大贡献者，占收入的百分比首次超过直播业务的贡献。</blockquote></p><p><b>Live streaming </b></p><p><blockquote><b>直播</b></blockquote></p><p>We believe that people’s needs will be increasingly met online and that live streaming provides an ideal format and an infrastructure through which those needs can be met, due to its highly social, interactive, and immersive nature. As our scale continues to grow, together with the stronger network effect, our live streaming business nurtures our ecosystem and serves more than just a revenue contributor, but a vibrant and solid foundation from which more social interactions and new valuable businesses are derived, such as e-commerce live streaming.</p><p><blockquote>我们相信，人们的需求将越来越多地在网上得到满足，而直播提供了一种理想的形式和基础设施，由于其高度的社交、互动和沉浸式性质，可以通过这种形式和基础设施来满足这些需求。随着我们的规模不断增长，加上更强的网络效应，我们的直播业务培育了我们的生态系统，并提供了一个充满活力和坚实的基础，更多的社交互动和新的有价值的业务，如电子商务直播。</blockquote></p><p>In 2020, we further expanded our abundant and diverse live streaming content with more premium content, such as game events and sports events live streaming, as well as through cooperation with more high-quality content creators. We also devoted ourselves to developing more interactive features and events to enhance our live streaming experience. These efforts have been effective in increasing live streaming user engagement. In 2020, over 1.7 billion live streaming sessions were hosted on Kuaishou App. For the year ended December 31, 2020, revenue from live streaming increased by 5.6% to RMB33.2 billion from RMB31.4 billion in 2019. More importantly, as a result of our diverse content offering, highly interactive features as well as unique and strong social trust, the user community was even more engaged on our platform, which was demonstrated by the increase in average MPUs for live streaming. For the full year 2020, our average MPUs for live streaming increased by 17.8% to 57.6 million from 48.9 million in 2019, while our monthly ARPPU for live streaming was RMB48.0, which was RMB53.6 in 2019. For the fourth quarter of 2020, our average MPUs for live streaming was 50.8 million, increased from 50.2 million in the same period of 2019. Our monthly ARPPU for live streaming in the fourth quarter was RMB51.8, which was RMB56.6 in the same period of 2019.</p><p><blockquote>于二零二零年，我们通过更多优质内容（如游戏赛事及体育赛事直播）以及通过与更多优质内容创作者合作，进一步拓展我们丰富多样的直播内容。我们亦致力开发更多互动功能及活动，以提升我们的直播体验。这些努力有效地提高了直播用户的参与度。2020年，快手应用上的直播场次超过17亿次。截至2020年12月31日止年度，直播收入由2019年的人民币314亿元增加5.6%至人民币332亿元。更重要的是，由于我们提供多元化的内容、高度互动的功能以及独特而强大的社交信任，用户社区对我们平台的参与度更高，直播平均MPU的增加就证明了这一点。于二零二零年全年，我们直播的平均MPU由二零一九年的48.9百万元增加17.8%至57.6百万元，而我们直播的每月ARPPU为人民币48.0元，而二零一九年为人民币53.6元。2020年第四季度，我们直播的平均MPU为5080万，高于2019年同期的5020万。我们第四季度直播的月ARPPU为人民币51.8元，2019年同期为人民币56.6元。</blockquote></p><p><b>Other services including e-commerce </b></p><p><blockquote><b>其他服务，包括电子商务</b></blockquote></p><p>Other services, which primarily comprise e-commerce services, also achieved rapid growth in 2020. The highly engaged user base and strong social trust on our platform gave rise to natural opportunities for transactions between users and our business partners.</p><p><blockquote>以电子商务服务为主的其他服务在2020年也实现了快速增长。我们平台上高度参与的用户基础和强大的社会信任为用户与我们的业务合作伙伴之间的交易带来了天然的机会。</blockquote></p><p>In 2020, we continued to support the improvement of our ecosystem, as well as to provide more products and services to address our users’ needs, thereby further enhancing the trust and encouraging interactions among users, merchants and our platform. First, we invested in e-commerce infrastructure to facilitate transactions on our platform by providing various tools to help merchants manage their stores on our platform. Second, we incentivized high-quality merchants, as well as supported middle and long-tail merchants by providing training to help them improve their service capabilities and quality. Third, we were dedicated to strengthening platform governance, especially quality control and merchants supervision. We are pleased to see that the overall customer purchasing experience and satisfaction were further optimized.</p><p><blockquote>2020年，我们继续支持生态系统的完善，并提供更多产品和服务来满足用户的需求，从而进一步增强用户、商家和我们平台之间的信任并鼓励互动。首先，我们投资于电子商务基础设施，通过提供各种工具帮助商家管理其在我们平台上的商店，从而促进我们平台上的交易。二是对优质商户进行激励，对中长尾商户进行培训，提升服务能力和服务质量。第三，我们致力于加强平台治理，特别是质量控制和商户监管。我们欣喜地看到，整体客户购买体验和满意度进一步优化。</blockquote></p><p></p><p>By doing these, we attracted a greater number of superior merchants and expanded the product categories and offerings on our platform. As a result, the total GMV of e-commerce transactions facilitated on our platform increased significantly from RMB59.6 billion in 2019 to RMB381.2 billion in 2020. The average repeat purchase rate increased further to 65% in 2020 from 45% in 2019.</p><p><blockquote>通过这样做，我们吸引了更多的优秀商家，并扩大了我们平台上的产品类别和产品。因此，我们平台促成的电子商务交易总额由2019年的人民币596亿元大幅增加至2020年的人民币3,812亿元。平均重复购买率由2019年的45%进一步上升至2020年的65%。</blockquote></p><p><b>Business Outlook </b></p><p><blockquote><b>业务展望</b></blockquote></p><p>In 2021, we will continue to serve our users and customers, create value for them, and solidify our leading position in the global short video and live streaming industry.</p><p><blockquote>2021年，我们将继续服务用户和客户，为他们创造价值，巩固我们在全球短视频和直播行业的领先地位。</blockquote></p><p>In this promising industry, we will continue to reinforce and invest in our ecosystem by continuing enriching and improving the quality and diversity of our content offerings to attract and retain a broad user base; improving the experience of our users and business partners through enhanced functionalities, products and services to fulfill evolving user needs; expanding user reach through precise marketing and promotional activities; as well as strengthening our user-centric commercialization capabilities by further enhancing technological capabilities and developing more monetization opportunities. We believe platforms with stronger social attributes and interactions will enjoy stronger network effects and lay a solid foundation for long-term development.</p><p><blockquote>在这个前景广阔的行业，我们将继续加强和投资我们的生态系统，不断丰富和提高我们的内容产品的质量和多样性，以吸引和留住广泛的用户基础；通过增强功能、产品和服务改善我们的用户和业务合作伙伴的体验，以满足不断变化的用户需求；通过精准营销和推广活动扩大用户覆盖范围；以及通过进一步提升技术能力和开发更多变现机会来加强我们以用户为中心的商业化能力。我们相信社交属性和互动更强的平台将享有更强的网络效应，并为长期发展奠定坚实的基础。</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>Kuaishou Technology Posts FY Loss Attributable Of RMB 116.64 Billion<blockquote>快手科技公布财年归属亏损1166.4亿元人民币</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\">\nKuaishou Technology Posts FY Loss Attributable Of RMB 116.64 Billion<blockquote>快手科技公布财年归属亏损1166.4亿元人民币</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-23 17:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The Board of Directors of Kuaishou Technology has&nbsp;announced the audited consolidated results of the Company for the year ended December 31, 2020. The consolidated financial statements for the year ended December 31, 2020 have been audited by PricewaterhouseCoopers, the independent auditor of the Company (the “Auditor”) in accordance with International Standards on Auditing. The results have been reviewed by the Audit Committee.</p><p><blockquote>快手科技董事会已公布公司截至2020年12月31日止年度的经审核综合业绩。截至2020年12月31日止年度的综合财务报表已由本公司独立核数师罗兵咸永道会计师事务所（“核数师”）根据国际审计准则审核。业绩已由审核委员会审阅。</blockquote></p><p>Kuaishou Technology   :</p><p><blockquote>快手科技：</blockquote></p><p>* FY ADJUSTED NET LOSS RMB 7.95 BILLION VERSUS PROFIT OF RMB1.03 BILLION</p><p><blockquote>*财年调整后净亏损人民币79.5亿元，利润人民币10.3亿元</blockquote></p><p>* FY TOTAL REVENUE GREW TO RMB58.8 BILLION FROM RMB39.1 BILLION IN 2019</p><p><blockquote>*财年总收入由2019年的人民币391亿元增长至人民币588亿元</blockquote></p><p>* FY OPERATING LOSS RMB10.32 BILLION VERSUS PROFIT OF RMB688.7 MILLION</p><p><blockquote>*本财政年度经营亏损人民币103.2亿元，溢利为人民币6.887亿元</blockquote></p><p>* <a href=\"https://laohu8.com/S/KUASF\">KUAISHOU TECHNOLOGY</a> FY LOSS ATTRIBUTABLE RMB116.64 BILLION VERSUS LOSS OF RMB19.65 BILLION</p><p><blockquote>*<a href=\"https://laohu8.com/S/KUASF\">快手科技</a>财年应占亏损人民币1,166.4亿元，而亏损为人民币196.5亿元</blockquote></p><p>* FOR YEAR ENDED DEC 31 2020, AVERAGE DAUS 264.6 MILLION</p><p><blockquote>*截至2020年12月31日止年度，平均DAU为2.646亿</blockquote></p><p>* AVERAGE DAILY TIME SPENT PER DAU ON KUAISHOU APP INCREASED BY 17.0% TO 87.3 MINUTES IN 2020</p><p><blockquote>*2020年，每DAU在快手应用上的平均每日花费时间增加17.0%至87.3分钟</blockquote></p><p><img src=\"https://static.tigerbbs.com/1f8d1bb3c11601b54a2a0d85fc57137a\" tg-width=\"1181\" tg-height=\"659\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3aedc5bd25fa5a777d572283ab0a0793\" tg-width=\"785\" tg-height=\"857\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p><b>Business Overview </b></p><p><blockquote><b>业务概况</b></blockquote></p><p>Year 2020 was indeed a memorable year. COVID-19 surprised the world with challenges and uncertainties. It also changed how we live and brought new opportunities as people spent more time online to socialize, be entertained, shop, acquire knowledge and information and more. Kuaishou, as a leading content community and social platform, helped people discover a vast world of content that expands their interests and horizons. We also played a role in driving digitization and contributing to overall economic recovery. We will continue forging ahead to create value for our users and customers through our deep and diverse content offerings, effective service solutions and AI-powered technologies to help people discover their needs and use their talents to improve their lives and their unique brand of happiness.</p><p><blockquote>2020年确实是值得纪念的一年。新冠肺炎给世界带来了挑战和不确定性。它还改变了我们的生活方式，并带来了新的机会，因为人们花更多的时间在网上社交、娱乐、购物、获取知识和信息等。快手作为领先的内容社区和社交平台，帮助人们发现了广阔的内容世界，拓展了他们的兴趣和视野。我们还在推动数字化和促进整体经济复苏方面发挥了作用。我们将继续锐意进取，通过我们丰富多样的内容产品、有效的服务解决方案和人工智能技术，为我们的用户和客户创造价值，帮助人们发现他们的需求，利用他们的才能改善他们的生活和他们独特的幸福品牌。</blockquote></p><p>In 2020, we continued enriching our content, product and service offerings to discover and serve our users’ needs to keep them actively engaged within our ecosystem. As a result, we have seen a substantial increase of our user base in 2020 as well as robust gains in user engagement. Our average DAUs and MAUs on all our apps and mini programs in China in 2020 were 308.1 million and 777.0 million, respectively. The average DAUs and MAUs on Kuaishou App in 2020 were 264.6 million and 481.1 million, respectively, representing a year-over-year increase of 50.7% and 45.6%, respectively. The average daily time spent per DAU on Kuaishou App increased by 17.0% to 87.3 minutes in 2020 from 74.6 minutes in 2019.</p><p><blockquote>2020年，我们继续丰富我们的内容、产品和服务，以发现和满足用户的需求，让他们积极参与我们的生态系统。因此，我们看到我们的用户群在2020年大幅增长，用户参与度也强劲增长。2020年，我们在中国所有应用程序及小程序的平均日活跃用户数及月活跃用户数分别为308.1百万及777.0百万。2020年快手应用的平均日活跃用户数和月活跃用户数分别为2.646亿和4.811亿，同比分别增长50.7%和45.6%。每个DAU在快手应用上的平均每日花费时间由2019年的74.6分钟增加17.0%至2020年的87.3分钟。</blockquote></p><p>We are committed to improving the quality, relevance and diversity of our content offerings to address evolving user interests and needs on our platform, which in turn encourages content creation. Our growing user base forms the bedrock of our content community and our users are the key sources of boundless creativity. Over 25% of our average MAUs on Kuaishou App were content creators in 2020. We also started exploring new content formats that can contribute to the vibrancy of our ecosystem and attract new users.</p><p><blockquote>我们致力于提高内容产品的质量、相关性和多样性，以满足我们平台上不断变化的用户兴趣和需求，从而鼓励内容创作。我们不断增长的用户群构成了我们内容社区的基石，我们的用户是无限创意的关键来源。2020年，我们在快手应用上的平均月活跃用户中超过25%为内容创作者。我们还开始探索新的内容格式，以增强我们生态系统的活力并吸引新用户。</blockquote></p><p>Kuaishou has inspired many to create and has become the platform of choice for content creation and business activities. As more users use Kuaishou App, the more diverse and vibrant our ecosystem becomes, thereby increasing user engagement and the value we provide to our ecosystem participants. Users’ interactions and trust greatly enhance our monetization capabilities, which in turn, attracts more advertisers, merchants and other business partners to our platform. In addition, our strong user engagement and advanced technologies enable us to understand our users better and provide more efficient and appealing services to our users and customers.</p><p><blockquote>快手激发了许多人的创作灵感，并成为内容创作和商业活动的首选平台。随着更多用户使用快手应用程序，我们的生态系统变得更加多样化和充满活力，从而提高用户参与度和我们为生态系统参与者提供的价值。用户的互动和信任大大增强了我们的变现能力，进而吸引更多广告商、商家和其他业务合作伙伴加入我们的平台。此外，我们强大的用户参与度和先进的技术使我们能够更好地了解我们的用户，并为我们的用户和客户提供更高效和更具吸引力的服务。</blockquote></p><p>For the full year ended December 31, 2020, our total revenue grew significantly to RMB58.8 billion from RMB39.1 billion in 2019, posting a year-over-year increase of 50.2%, which was primarily attributable to the robust growth in our online marketing services and other services including e-commerce. Our online marketing services revenue continued its rapid growth in 2020, increasing by 194.6% to RMB21.9 billion from RMB7.4 billion in 2019. Revenue contribution from online marketing services to total revenue increased from 19.0% in 2019 to 37.2% in 2020. Live streaming represented 56.5% of our total revenue and the remaining 6.3% was attributable to other services. Due to the change in our revenue mix, our gross margin improved to 40.5% from 36.1% in 2019.</p><p><blockquote>截至2020年12月31日止全年，我们的总收入由2019年的人民币391亿元大幅增长至人民币588亿元，同比增长50.2%，主要归因于我们的在线营销服务及包括电子商务在内的其他服务的强劲增长。我们的在线营销服务收入于2020年继续快速增长，由2019年的人民币74亿元增加194.6%至人民币219亿元。线上营销服务收入佔总收入的贡献由2019年的19.0%增加至2020年的37.2%。直播佔我们总收入的56.5%，馀下6.3%来自其他服务。由于我们收入组合的变化，我们的毛利率由2019年的36.1%改善至40.5%。</blockquote></p><p><b>Online marketing services </b></p><p><blockquote><b>在线营销服务</b></blockquote></p><p></p><p>Online video-based advertising is a promising market and online marketing service is one of the key strategic businesses for our long-term growth. Our massive and highly engaged user community makes our platform increasingly attractive to advertisers.</p><p><blockquote>基于视频的在线广告是一个前景广阔的市场，在线营销服务是我们长期增长的关键战略业务之一。我们庞大且高度参与的用户社区使我们的平台对广告商越来越有吸引力。</blockquote></p><p>In 2020, we launched an integrated advertising platform, further solidifying the foundation of our online marketing services. Our strong user engagement and advanced technologies empowered us to achieve precise understanding of our users, and sophisticated advertising content development and distribution, which led to improved advertising efficiency and effectiveness. We introduced an increasing number of powerful and intuitive tools and services to empower advertisers, allowing them to more precisely reach and engage with their target customers. Furthermore, we expanded our sales team and channel coverage, as well as giving greater emphasis to a more diverse set of advertising formats, such as branding advertisement and advertising union, in addition to short video feeds advertisement. In order to optimize our user experience, we also reinforced our cooperation with advertisers and content creators to deliver unique and customized ad content. At the same time, through refined algorithms and enriched ad materials, the ad content became less disruptive to our users.</p><p><blockquote>2020年，我们推出了整合广告平台，进一步夯实了我们在线营销服务的基础。我们强大的用户参与度和先进的技术使我们能够准确了解我们的用户，并开发和分发复杂的广告内容，从而提高广告效率和效果。我们推出了越来越多功能强大且直观的工具和服务，为广告主赋能，让他们能够更精准地接触目标客户并与之互动。此外，我们扩大了销售团队和渠道覆盖范围，并更加重视除短视频广告外的品牌广告和广告联盟等更多元化的广告形式。为优化用户体验，我们亦加强与广告商及内容创作者的合作，提供独特及定制的广告内容。同时，通过完善的算法和丰富的广告素材，广告内容对用户的干扰减少。</blockquote></p><p>As a result, we enjoyed robust growth in online marketing services. Revenue from online marketing services in 2020 increased by 194.6% to RMB21.9 billion, from RMB7.4 billion in 2019. Our average online marketing services revenue per DAU in 2020 increased by 95.3% to RMB82.6 from RMB42.3 in 2019. In the fourth quarter of 2020, online marketing services became the largest contributor to our total revenue, as a percentage of revenue, it surpassed the contribution of live streaming business for the first time.</p><p><blockquote>因此，我们的在线营销服务增长强劲。线上营销服务收入由2019年的人民币74亿元增加194.6%至2020年的人民币219亿元。我们每DAU的平均线上营销服务收入由2019年的人民币42.3元增加95.3%至2020年的人民币82.6元。2020年第四季度，在线营销服务成为我们总收入的最大贡献者，占收入的百分比首次超过直播业务的贡献。</blockquote></p><p><b>Live streaming </b></p><p><blockquote><b>直播</b></blockquote></p><p>We believe that people’s needs will be increasingly met online and that live streaming provides an ideal format and an infrastructure through which those needs can be met, due to its highly social, interactive, and immersive nature. As our scale continues to grow, together with the stronger network effect, our live streaming business nurtures our ecosystem and serves more than just a revenue contributor, but a vibrant and solid foundation from which more social interactions and new valuable businesses are derived, such as e-commerce live streaming.</p><p><blockquote>我们相信，人们的需求将越来越多地在网上得到满足，而直播提供了一种理想的形式和基础设施，由于其高度的社交、互动和沉浸式性质，可以通过这种形式和基础设施来满足这些需求。随着我们的规模不断增长，加上更强的网络效应，我们的直播业务培育了我们的生态系统，并提供了一个充满活力和坚实的基础，更多的社交互动和新的有价值的业务，如电子商务直播。</blockquote></p><p>In 2020, we further expanded our abundant and diverse live streaming content with more premium content, such as game events and sports events live streaming, as well as through cooperation with more high-quality content creators. We also devoted ourselves to developing more interactive features and events to enhance our live streaming experience. These efforts have been effective in increasing live streaming user engagement. In 2020, over 1.7 billion live streaming sessions were hosted on Kuaishou App. For the year ended December 31, 2020, revenue from live streaming increased by 5.6% to RMB33.2 billion from RMB31.4 billion in 2019. More importantly, as a result of our diverse content offering, highly interactive features as well as unique and strong social trust, the user community was even more engaged on our platform, which was demonstrated by the increase in average MPUs for live streaming. For the full year 2020, our average MPUs for live streaming increased by 17.8% to 57.6 million from 48.9 million in 2019, while our monthly ARPPU for live streaming was RMB48.0, which was RMB53.6 in 2019. For the fourth quarter of 2020, our average MPUs for live streaming was 50.8 million, increased from 50.2 million in the same period of 2019. Our monthly ARPPU for live streaming in the fourth quarter was RMB51.8, which was RMB56.6 in the same period of 2019.</p><p><blockquote>于二零二零年，我们通过更多优质内容（如游戏赛事及体育赛事直播）以及通过与更多优质内容创作者合作，进一步拓展我们丰富多样的直播内容。我们亦致力开发更多互动功能及活动，以提升我们的直播体验。这些努力有效地提高了直播用户的参与度。2020年，快手应用上的直播场次超过17亿次。截至2020年12月31日止年度，直播收入由2019年的人民币314亿元增加5.6%至人民币332亿元。更重要的是，由于我们提供多元化的内容、高度互动的功能以及独特而强大的社交信任，用户社区对我们平台的参与度更高，直播平均MPU的增加就证明了这一点。于二零二零年全年，我们直播的平均MPU由二零一九年的48.9百万元增加17.8%至57.6百万元，而我们直播的每月ARPPU为人民币48.0元，而二零一九年为人民币53.6元。2020年第四季度，我们直播的平均MPU为5080万，高于2019年同期的5020万。我们第四季度直播的月ARPPU为人民币51.8元，2019年同期为人民币56.6元。</blockquote></p><p><b>Other services including e-commerce </b></p><p><blockquote><b>其他服务，包括电子商务</b></blockquote></p><p>Other services, which primarily comprise e-commerce services, also achieved rapid growth in 2020. The highly engaged user base and strong social trust on our platform gave rise to natural opportunities for transactions between users and our business partners.</p><p><blockquote>以电子商务服务为主的其他服务在2020年也实现了快速增长。我们平台上高度参与的用户基础和强大的社会信任为用户与我们的业务合作伙伴之间的交易带来了天然的机会。</blockquote></p><p>In 2020, we continued to support the improvement of our ecosystem, as well as to provide more products and services to address our users’ needs, thereby further enhancing the trust and encouraging interactions among users, merchants and our platform. First, we invested in e-commerce infrastructure to facilitate transactions on our platform by providing various tools to help merchants manage their stores on our platform. Second, we incentivized high-quality merchants, as well as supported middle and long-tail merchants by providing training to help them improve their service capabilities and quality. Third, we were dedicated to strengthening platform governance, especially quality control and merchants supervision. We are pleased to see that the overall customer purchasing experience and satisfaction were further optimized.</p><p><blockquote>2020年，我们继续支持生态系统的完善，并提供更多产品和服务来满足用户的需求，从而进一步增强用户、商家和我们平台之间的信任并鼓励互动。首先，我们投资于电子商务基础设施，通过提供各种工具帮助商家管理其在我们平台上的商店，从而促进我们平台上的交易。二是对优质商户进行激励，对中长尾商户进行培训，提升服务能力和服务质量。第三，我们致力于加强平台治理，特别是质量控制和商户监管。我们欣喜地看到，整体客户购买体验和满意度进一步优化。</blockquote></p><p></p><p>By doing these, we attracted a greater number of superior merchants and expanded the product categories and offerings on our platform. As a result, the total GMV of e-commerce transactions facilitated on our platform increased significantly from RMB59.6 billion in 2019 to RMB381.2 billion in 2020. The average repeat purchase rate increased further to 65% in 2020 from 45% in 2019.</p><p><blockquote>通过这样做，我们吸引了更多的优秀商家，并扩大了我们平台上的产品类别和产品。因此，我们平台促成的电子商务交易总额由2019年的人民币596亿元大幅增加至2020年的人民币3,812亿元。平均重复购买率由2019年的45%进一步上升至2020年的65%。</blockquote></p><p><b>Business Outlook </b></p><p><blockquote><b>业务展望</b></blockquote></p><p>In 2021, we will continue to serve our users and customers, create value for them, and solidify our leading position in the global short video and live streaming industry.</p><p><blockquote>2021年，我们将继续服务用户和客户，为他们创造价值，巩固我们在全球短视频和直播行业的领先地位。</blockquote></p><p>In this promising industry, we will continue to reinforce and invest in our ecosystem by continuing enriching and improving the quality and diversity of our content offerings to attract and retain a broad user base; improving the experience of our users and business partners through enhanced functionalities, products and services to fulfill evolving user needs; expanding user reach through precise marketing and promotional activities; as well as strengthening our user-centric commercialization capabilities by further enhancing technological capabilities and developing more monetization opportunities. We believe platforms with stronger social attributes and interactions will enjoy stronger network effects and lay a solid foundation for long-term development.</p><p><blockquote>在这个前景广阔的行业，我们将继续加强和投资我们的生态系统，不断丰富和提高我们的内容产品的质量和多样性，以吸引和留住广泛的用户基础；通过增强功能、产品和服务改善我们的用户和业务合作伙伴的体验，以满足不断变化的用户需求；通过精准营销和推广活动扩大用户覆盖范围；以及通过进一步提升技术能力和开发更多变现机会来加强我们以用户为中心的商业化能力。我们相信社交属性和互动更强的平台将享有更强的网络效应，并为长期发展奠定坚实的基础。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01024":"快手-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121831764","content_text":"The Board of Directors of Kuaishou Technology has announced the audited consolidated results of the Company for the year ended December 31, 2020. The consolidated financial statements for the year ended December 31, 2020 have been audited by PricewaterhouseCoopers, the independent auditor of the Company (the “Auditor”) in accordance with International Standards on Auditing. The results have been reviewed by the Audit Committee.Kuaishou Technology   :* FY ADJUSTED NET LOSS RMB 7.95 BILLION VERSUS PROFIT OF RMB1.03 BILLION* FY TOTAL REVENUE GREW TO RMB58.8 BILLION FROM RMB39.1 BILLION IN 2019* FY OPERATING LOSS RMB10.32 BILLION VERSUS PROFIT OF RMB688.7 MILLION* KUAISHOU TECHNOLOGY FY LOSS ATTRIBUTABLE RMB116.64 BILLION VERSUS LOSS OF RMB19.65 BILLION* FOR YEAR ENDED DEC 31 2020, AVERAGE DAUS 264.6 MILLION* AVERAGE DAILY TIME SPENT PER DAU ON KUAISHOU APP INCREASED BY 17.0% TO 87.3 MINUTES IN 2020Business Overview Year 2020 was indeed a memorable year. COVID-19 surprised the world with challenges and uncertainties. It also changed how we live and brought new opportunities as people spent more time online to socialize, be entertained, shop, acquire knowledge and information and more. Kuaishou, as a leading content community and social platform, helped people discover a vast world of content that expands their interests and horizons. We also played a role in driving digitization and contributing to overall economic recovery. We will continue forging ahead to create value for our users and customers through our deep and diverse content offerings, effective service solutions and AI-powered technologies to help people discover their needs and use their talents to improve their lives and their unique brand of happiness.In 2020, we continued enriching our content, product and service offerings to discover and serve our users’ needs to keep them actively engaged within our ecosystem. As a result, we have seen a substantial increase of our user base in 2020 as well as robust gains in user engagement. Our average DAUs and MAUs on all our apps and mini programs in China in 2020 were 308.1 million and 777.0 million, respectively. The average DAUs and MAUs on Kuaishou App in 2020 were 264.6 million and 481.1 million, respectively, representing a year-over-year increase of 50.7% and 45.6%, respectively. The average daily time spent per DAU on Kuaishou App increased by 17.0% to 87.3 minutes in 2020 from 74.6 minutes in 2019.We are committed to improving the quality, relevance and diversity of our content offerings to address evolving user interests and needs on our platform, which in turn encourages content creation. Our growing user base forms the bedrock of our content community and our users are the key sources of boundless creativity. Over 25% of our average MAUs on Kuaishou App were content creators in 2020. We also started exploring new content formats that can contribute to the vibrancy of our ecosystem and attract new users.Kuaishou has inspired many to create and has become the platform of choice for content creation and business activities. As more users use Kuaishou App, the more diverse and vibrant our ecosystem becomes, thereby increasing user engagement and the value we provide to our ecosystem participants. Users’ interactions and trust greatly enhance our monetization capabilities, which in turn, attracts more advertisers, merchants and other business partners to our platform. In addition, our strong user engagement and advanced technologies enable us to understand our users better and provide more efficient and appealing services to our users and customers.For the full year ended December 31, 2020, our total revenue grew significantly to RMB58.8 billion from RMB39.1 billion in 2019, posting a year-over-year increase of 50.2%, which was primarily attributable to the robust growth in our online marketing services and other services including e-commerce. Our online marketing services revenue continued its rapid growth in 2020, increasing by 194.6% to RMB21.9 billion from RMB7.4 billion in 2019. Revenue contribution from online marketing services to total revenue increased from 19.0% in 2019 to 37.2% in 2020. Live streaming represented 56.5% of our total revenue and the remaining 6.3% was attributable to other services. Due to the change in our revenue mix, our gross margin improved to 40.5% from 36.1% in 2019.Online marketing services Online video-based advertising is a promising market and online marketing service is one of the key strategic businesses for our long-term growth. Our massive and highly engaged user community makes our platform increasingly attractive to advertisers.In 2020, we launched an integrated advertising platform, further solidifying the foundation of our online marketing services. Our strong user engagement and advanced technologies empowered us to achieve precise understanding of our users, and sophisticated advertising content development and distribution, which led to improved advertising efficiency and effectiveness. We introduced an increasing number of powerful and intuitive tools and services to empower advertisers, allowing them to more precisely reach and engage with their target customers. Furthermore, we expanded our sales team and channel coverage, as well as giving greater emphasis to a more diverse set of advertising formats, such as branding advertisement and advertising union, in addition to short video feeds advertisement. In order to optimize our user experience, we also reinforced our cooperation with advertisers and content creators to deliver unique and customized ad content. At the same time, through refined algorithms and enriched ad materials, the ad content became less disruptive to our users.As a result, we enjoyed robust growth in online marketing services. Revenue from online marketing services in 2020 increased by 194.6% to RMB21.9 billion, from RMB7.4 billion in 2019. Our average online marketing services revenue per DAU in 2020 increased by 95.3% to RMB82.6 from RMB42.3 in 2019. In the fourth quarter of 2020, online marketing services became the largest contributor to our total revenue, as a percentage of revenue, it surpassed the contribution of live streaming business for the first time.Live streaming We believe that people’s needs will be increasingly met online and that live streaming provides an ideal format and an infrastructure through which those needs can be met, due to its highly social, interactive, and immersive nature. As our scale continues to grow, together with the stronger network effect, our live streaming business nurtures our ecosystem and serves more than just a revenue contributor, but a vibrant and solid foundation from which more social interactions and new valuable businesses are derived, such as e-commerce live streaming.In 2020, we further expanded our abundant and diverse live streaming content with more premium content, such as game events and sports events live streaming, as well as through cooperation with more high-quality content creators. We also devoted ourselves to developing more interactive features and events to enhance our live streaming experience. These efforts have been effective in increasing live streaming user engagement. In 2020, over 1.7 billion live streaming sessions were hosted on Kuaishou App. For the year ended December 31, 2020, revenue from live streaming increased by 5.6% to RMB33.2 billion from RMB31.4 billion in 2019. More importantly, as a result of our diverse content offering, highly interactive features as well as unique and strong social trust, the user community was even more engaged on our platform, which was demonstrated by the increase in average MPUs for live streaming. For the full year 2020, our average MPUs for live streaming increased by 17.8% to 57.6 million from 48.9 million in 2019, while our monthly ARPPU for live streaming was RMB48.0, which was RMB53.6 in 2019. For the fourth quarter of 2020, our average MPUs for live streaming was 50.8 million, increased from 50.2 million in the same period of 2019. Our monthly ARPPU for live streaming in the fourth quarter was RMB51.8, which was RMB56.6 in the same period of 2019.Other services including e-commerce Other services, which primarily comprise e-commerce services, also achieved rapid growth in 2020. The highly engaged user base and strong social trust on our platform gave rise to natural opportunities for transactions between users and our business partners.In 2020, we continued to support the improvement of our ecosystem, as well as to provide more products and services to address our users’ needs, thereby further enhancing the trust and encouraging interactions among users, merchants and our platform. First, we invested in e-commerce infrastructure to facilitate transactions on our platform by providing various tools to help merchants manage their stores on our platform. Second, we incentivized high-quality merchants, as well as supported middle and long-tail merchants by providing training to help them improve their service capabilities and quality. Third, we were dedicated to strengthening platform governance, especially quality control and merchants supervision. We are pleased to see that the overall customer purchasing experience and satisfaction were further optimized.By doing these, we attracted a greater number of superior merchants and expanded the product categories and offerings on our platform. As a result, the total GMV of e-commerce transactions facilitated on our platform increased significantly from RMB59.6 billion in 2019 to RMB381.2 billion in 2020. The average repeat purchase rate increased further to 65% in 2020 from 45% in 2019.Business Outlook In 2021, we will continue to serve our users and customers, create value for them, and solidify our leading position in the global short video and live streaming industry.In this promising industry, we will continue to reinforce and invest in our ecosystem by continuing enriching and improving the quality and diversity of our content offerings to attract and retain a broad user base; improving the experience of our users and business partners through enhanced functionalities, products and services to fulfill evolving user needs; expanding user reach through precise marketing and promotional activities; as well as strengthening our user-centric commercialization capabilities by further enhancing technological capabilities and developing more monetization opportunities. We believe platforms with stronger social attributes and interactions will enjoy stronger network effects and lay a solid foundation for long-term development.","news_type":1,"symbols_score_info":{"01024":0.9}},"isVote":1,"tweetType":1,"viewCount":697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":361467841,"gmtCreate":1614255953683,"gmtModify":1634550448439,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361467841","repostId":"1169851865","repostType":4,"isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181491872,"gmtCreate":1623405375296,"gmtModify":1634033683538,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"Tiger is here!","listText":"Tiger is here!","text":"Tiger is here!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181491872","repostId":"1156453091","repostType":4,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://www.laohu8.com/m/news/1156453091?lang=zh_CN&edition=full","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"以史为鉴，美国通胀飙升后的演绎与影响","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。<b>美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。</b>我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：</p>\n<p><b>1960年以来美国CPI同比破5%出现了4次</b>(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。</p>\n<p><b>1968/06-1971/09</b>：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。</p>\n<p><b>1973/03-1982/11：</b>粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。</p>\n<p><b>1987/08-1991/07：</b>走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。</p>\n<p><b>2007/11-2008/09：</b>油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。</p>\n<p><b>当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。</b></p>\n<p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p>\n<p><b>本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。</b>今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是<b>从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。</b></p>\n<p><b>对于今年通胀的演绎，我们重点关注二手车和房租两个分项。</b></p>\n<p><b>通胀的主要推力之一为二手车。</b>东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。</p>\n<p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p>\n<p><b>房租价格走势对未来通胀的演绎有重要影响。</b>美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们<b>预计受到供给短缺的影响，未来房租将会持续温和地上升</b>。</p>\n<p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p>\n<p><b>通胀预期走势如何?</b></p>\n<p>从消费者的角度，密西根预期通胀率数据显示，2<b>021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。</b></p>\n<p>从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为<b>共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。</b></p>\n<p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p>\n<p><b>未来通胀将会怎样影响资产价格?</b></p>\n<p>我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：<b>通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。</b>有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。</p>\n<p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p>\n<p><b>风险提示：</b>美联储过快收紧货币政策，地缘政治风险加剧</p>\n<hr>\n<p>恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">【七周年有奖活动】老虎大搜查 </a>了解）</p>\n<p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>以史为鉴，美国通胀飙升后的演绎与影响</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n以史为鉴，美国通胀飙升后的演绎与影响\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 21:58 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/492521.html><strong>川阅全球宏观</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385854997,"gmtCreate":1613534938519,"gmtModify":1634553259901,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"[笑哭]&nbsp;","listText":"[笑哭]&nbsp;","text":"[笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/385854997","repostId":"1134279224","repostType":4,"isVote":1,"tweetType":1,"viewCount":988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":314171045,"gmtCreate":1612325495987,"gmtModify":1703760380299,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"Niceee","listText":"Niceee","text":"Niceee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/314171045","repostId":"1183975527","repostType":4,"repost":{"id":"1183975527","kind":"news","pubTimestamp":1612319838,"share":"https://www.laohu8.com/m/news/1183975527?lang=zh_CN&edition=full","pubTime":"2021-02-03 10:37","market":"us","language":"en","title":"Investors Are Snapping Up a New Space Stock, Sending Shares Rocketing<blockquote>投资者正在抢购一只新的太空股票，导致股价飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183975527","media":"barrons","summary":"Investors are excitedabout space—and they are jumping ona dealthat will bring another fledgling spac","content":"<p>Investors are excitedabout space—and they are jumping ona dealthat will bring another fledgling space company to public markets.</p><p><blockquote>投资者对太空感到兴奋，他们正在进行一项交易，这将使另一家羽翼未丰的太空公司进入公开市场。</blockquote></p><p> Tuesday, space-launch company Astra announced it is merging with special purpose acquisition companyHolicity(ticker: HOL). When the merger is complete, the new company with trade under the stock symbol “ASTR.” Until then, space investors can buy Holicity stock. Indeed, they have started to already. Holicity shares were up more than 50% in Tuesday afternoon trading.</p><p><blockquote>周二，航天发射公司Astra宣布将与特殊目的收购公司Holicity（股票代码：HOL）合并。合并完成后，新公司的交易代码为“ASTR”。在此之前，太空投资者可以购买Holicity股票。事实上，他们已经开始了。周二下午交易中，Holicity股价上涨超过50%。</blockquote></p><p> “This transaction takes us a step closer to our mission of improving life on Earth from space by fully funding our plan to provide daily access to low Earth orbit from anywhere on the planet,” said Astra founder and CEO Chris Kemp in the company’snews release.</p><p><blockquote>Astra创始人兼首席执行官克里斯·坎普(Chris Kemp)在公司新闻中表示：“这项交易为我们提供从地球任何地方每天进入近地轨道的计划提供资金，使我们离从太空改善地球生活的使命又近了一步。”发布。</blockquote></p><p> The merger gives Astra a pro-forma market capitalization of almost $4.1 billion.</p><p><blockquote>此次合并使Astra的预计市值接近41亿美元。</blockquote></p><p> The number of space stocks and data points is growing like, well, the constellation of satellites circling the globe.Lockheed Martin(LMT), for starters, recently paid about$4.4 billionto acquireAerojet Rocketdyne(ARJD). Space-logistics providerMomentusis merging withStable Road Acquisition(SRAC), giving Momentus a market capitalization of about $3.4 billion based on 151 million shares outstanding when the merger closes.</p><p><blockquote>太空股票和数据点的数量正在增长，就像环绕全球的卫星星座一样。首先，洛克希德·马丁公司(LMT)最近斥资约44亿美元收购了Aerojet Rocketdyne(ARJD)。航天物流提供商Momentus正在与Stable Road Acquisition(SRAC)合并，合并完成时Momentus的市值约为34亿美元（基于1.51亿股已发行股票）。</blockquote></p><p> Space-tourism pioneerVirgin Galactic(SPCE) has achieved a $12 billion market cap along with a strong following on Wall Street. Six Wall Street analysts rate the shares Buy, while three others rate the sharesHold. The average Buy-rating ratio for stocks in theDow Jones Industrial Averageis about 57%.</p><p><blockquote>太空旅游先驱维珍银河(SPCE)的市值已达到120亿美元，在华尔街拥有强大的追随者。六名华尔街分析师将该股评级为买入，另外三名分析师将该股评级为持有。道琼斯工业平均指数股票的平均买入评级约为57%。</blockquote></p><p> Virgin Orbit is another space-launch services company that recently reached orbit. It is still privately held, not yet finding a SPAC merger partner.</p><p><blockquote>维珍轨道公司是另一家最近进入轨道的航天发射服务公司。它仍然是私人控股的，尚未找到SPAC合并伙伴。</blockquote></p><p> SpaceXis privately held, as well. Elon Musk’s space firm is the largest of the lot, valued at an estimated $46 billion. SpaceX pioneered the use of reusable rockets, helping to spark the space gold rush. Along with carrying astronautsfor NASAto the International Space Station, the company is launching itsStarlink satellitesto build a global, space-based Wi-Fi business.</p><p><blockquote>SpaceXis也是私人持有的。埃隆·马斯克(Elon Musk)的航天公司是其中最大的一家，估值约为460亿美元。SpaceX率先使用可重复使用的火箭，帮助引发了太空淘金热。除了为美国宇航局运送宇航员到国际空间站外，该公司还发射了星链卫星，以建立全球天基Wi-Fi业务。</blockquote></p><p> Astra’s rockets don’t appear to be reusable; it is lowering launch costs in other ways. “We’ve invested in machines and infrastructure to produce rockets at scale,” says Kemp ina video tourof the company’s manufacturing facility. Reaching orbit used to take tens of millions of dollars. New companies are lowering the bill to millions of dollars.</p><p><blockquote>阿斯特拉的火箭似乎不可重复使用；它正在通过其他方式降低发射成本。“我们投资了机器和基础设施来大规模生产火箭，”坎普在公司制造工厂的视频中说道。到达轨道过去需要数千万美元。新公司正在将账单降低到数百万美元。</blockquote></p><p> Falling costs are opening outer space for business. For exactly what, however, is still a guess. “Were going to see new applications that no one has ever imagined that will help improve life on earth,” says Kemp. Among the possibilities that people are imagining are new communications technologies like the ones SpaceX is pursuing, detailed earth observation, early-warning systems for defense, and weather and GPS applications.</p><p><blockquote>成本下降正在为商业打开外层空间。然而，到底是什么仍然是一个猜测。“我们将看到没有人想象过的新应用，这将有助于改善地球上的生活，”坎普说。人们正在想象的可能性包括SpaceX正在追求的新通信技术、详细的地球观测、国防预警系统以及天气和GPS应用。</blockquote></p><p> Astra appears confident that new applications are coming. The company has ambitions to have daily orbital launches by 2025. Revenue is projected to reach $1.5 billion that year, and Astra projects almost $700 million in free cash flow.</p><p><blockquote>Astra似乎对新应用的到来充满信心。该公司的目标是到2025年每天进行轨道发射。预计当年收入将达到15亿美元，Astra预计自由现金流将接近7亿美元。</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>Investors Are Snapping Up a New Space Stock, Sending Shares Rocketing<blockquote>投资者正在抢购一只新的太空股票，导致股价飙升</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\">\nInvestors Are Snapping Up a New Space Stock, Sending Shares Rocketing<blockquote>投资者正在抢购一只新的太空股票，导致股价飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">barrons</strong><span class=\"h-time small\">2021-02-03 10:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Investors are excitedabout space—and they are jumping ona dealthat will bring another fledgling space company to public markets.</p><p><blockquote>投资者对太空感到兴奋，他们正在进行一项交易，这将使另一家羽翼未丰的太空公司进入公开市场。</blockquote></p><p> Tuesday, space-launch company Astra announced it is merging with special purpose acquisition companyHolicity(ticker: HOL). When the merger is complete, the new company with trade under the stock symbol “ASTR.” Until then, space investors can buy Holicity stock. Indeed, they have started to already. Holicity shares were up more than 50% in Tuesday afternoon trading.</p><p><blockquote>周二，航天发射公司Astra宣布将与特殊目的收购公司Holicity（股票代码：HOL）合并。合并完成后，新公司的交易代码为“ASTR”。在此之前，太空投资者可以购买Holicity股票。事实上，他们已经开始了。周二下午交易中，Holicity股价上涨超过50%。</blockquote></p><p> “This transaction takes us a step closer to our mission of improving life on Earth from space by fully funding our plan to provide daily access to low Earth orbit from anywhere on the planet,” said Astra founder and CEO Chris Kemp in the company’snews release.</p><p><blockquote>Astra创始人兼首席执行官克里斯·坎普(Chris Kemp)在公司新闻中表示：“这项交易为我们提供从地球任何地方每天进入近地轨道的计划提供资金，使我们离从太空改善地球生活的使命又近了一步。”发布。</blockquote></p><p> The merger gives Astra a pro-forma market capitalization of almost $4.1 billion.</p><p><blockquote>此次合并使Astra的预计市值接近41亿美元。</blockquote></p><p> The number of space stocks and data points is growing like, well, the constellation of satellites circling the globe.Lockheed Martin(LMT), for starters, recently paid about$4.4 billionto acquireAerojet Rocketdyne(ARJD). Space-logistics providerMomentusis merging withStable Road Acquisition(SRAC), giving Momentus a market capitalization of about $3.4 billion based on 151 million shares outstanding when the merger closes.</p><p><blockquote>太空股票和数据点的数量正在增长，就像环绕全球的卫星星座一样。首先，洛克希德·马丁公司(LMT)最近斥资约44亿美元收购了Aerojet Rocketdyne(ARJD)。航天物流提供商Momentus正在与Stable Road Acquisition(SRAC)合并，合并完成时Momentus的市值约为34亿美元（基于1.51亿股已发行股票）。</blockquote></p><p> Space-tourism pioneerVirgin Galactic(SPCE) has achieved a $12 billion market cap along with a strong following on Wall Street. Six Wall Street analysts rate the shares Buy, while three others rate the sharesHold. The average Buy-rating ratio for stocks in theDow Jones Industrial Averageis about 57%.</p><p><blockquote>太空旅游先驱维珍银河(SPCE)的市值已达到120亿美元，在华尔街拥有强大的追随者。六名华尔街分析师将该股评级为买入，另外三名分析师将该股评级为持有。道琼斯工业平均指数股票的平均买入评级约为57%。</blockquote></p><p> Virgin Orbit is another space-launch services company that recently reached orbit. It is still privately held, not yet finding a SPAC merger partner.</p><p><blockquote>维珍轨道公司是另一家最近进入轨道的航天发射服务公司。它仍然是私人控股的，尚未找到SPAC合并伙伴。</blockquote></p><p> SpaceXis privately held, as well. Elon Musk’s space firm is the largest of the lot, valued at an estimated $46 billion. SpaceX pioneered the use of reusable rockets, helping to spark the space gold rush. Along with carrying astronautsfor NASAto the International Space Station, the company is launching itsStarlink satellitesto build a global, space-based Wi-Fi business.</p><p><blockquote>SpaceXis也是私人持有的。埃隆·马斯克(Elon Musk)的航天公司是其中最大的一家，估值约为460亿美元。SpaceX率先使用可重复使用的火箭，帮助引发了太空淘金热。除了为美国宇航局运送宇航员到国际空间站外，该公司还发射了星链卫星，以建立全球天基Wi-Fi业务。</blockquote></p><p> Astra’s rockets don’t appear to be reusable; it is lowering launch costs in other ways. “We’ve invested in machines and infrastructure to produce rockets at scale,” says Kemp ina video tourof the company’s manufacturing facility. Reaching orbit used to take tens of millions of dollars. New companies are lowering the bill to millions of dollars.</p><p><blockquote>阿斯特拉的火箭似乎不可重复使用；它正在通过其他方式降低发射成本。“我们投资了机器和基础设施来大规模生产火箭，”坎普在公司制造工厂的视频中说道。到达轨道过去需要数千万美元。新公司正在将账单降低到数百万美元。</blockquote></p><p> Falling costs are opening outer space for business. For exactly what, however, is still a guess. “Were going to see new applications that no one has ever imagined that will help improve life on earth,” says Kemp. Among the possibilities that people are imagining are new communications technologies like the ones SpaceX is pursuing, detailed earth observation, early-warning systems for defense, and weather and GPS applications.</p><p><blockquote>成本下降正在为商业打开外层空间。然而，到底是什么仍然是一个猜测。“我们将看到没有人想象过的新应用，这将有助于改善地球上的生活，”坎普说。人们正在想象的可能性包括SpaceX正在追求的新通信技术、详细的地球观测、国防预警系统以及天气和GPS应用。</blockquote></p><p> Astra appears confident that new applications are coming. The company has ambitions to have daily orbital launches by 2025. Revenue is projected to reach $1.5 billion that year, and Astra projects almost $700 million in free cash flow.</p><p><blockquote>Astra似乎对新应用的到来充满信心。该公司的目标是到2025年每天进行轨道发射。预计当年收入将达到15亿美元，Astra预计自由现金流将接近7亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/holicity-shares-rocket-higher-on-news-of-the-spacs-merger-with-astra-51612296073?mod=hp_LEADSUPP_3\">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":{"SPCE":"维珍银河"},"source_url":"https://www.barrons.com/articles/holicity-shares-rocket-higher-on-news-of-the-spacs-merger-with-astra-51612296073?mod=hp_LEADSUPP_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183975527","content_text":"Investors are excitedabout space—and they are jumping ona dealthat will bring another fledgling space company to public markets.\nTuesday, space-launch company Astra announced it is merging with special purpose acquisition companyHolicity(ticker: HOL). When the merger is complete, the new company with trade under the stock symbol “ASTR.” Until then, space investors can buy Holicity stock. Indeed, they have started to already. Holicity shares were up more than 50% in Tuesday afternoon trading.\n“This transaction takes us a step closer to our mission of improving life on Earth from space by fully funding our plan to provide daily access to low Earth orbit from anywhere on the planet,” said Astra founder and CEO Chris Kemp in the company’snews release.\nThe merger gives Astra a pro-forma market capitalization of almost $4.1 billion.\nThe number of space stocks and data points is growing like, well, the constellation of satellites circling the globe.Lockheed Martin(LMT), for starters, recently paid about$4.4 billionto acquireAerojet Rocketdyne(ARJD). Space-logistics providerMomentusis merging withStable Road Acquisition(SRAC), giving Momentus a market capitalization of about $3.4 billion based on 151 million shares outstanding when the merger closes.\nSpace-tourism pioneerVirgin Galactic(SPCE) has achieved a $12 billion market cap along with a strong following on Wall Street. Six Wall Street analysts rate the shares Buy, while three others rate the sharesHold. The average Buy-rating ratio for stocks in theDow Jones Industrial Averageis about 57%.\nVirgin Orbit is another space-launch services company that recently reached orbit. It is still privately held, not yet finding a SPAC merger partner.\nSpaceXis privately held, as well. Elon Musk’s space firm is the largest of the lot, valued at an estimated $46 billion. SpaceX pioneered the use of reusable rockets, helping to spark the space gold rush. Along with carrying astronautsfor NASAto the International Space Station, the company is launching itsStarlink satellitesto build a global, space-based Wi-Fi business.\nAstra’s rockets don’t appear to be reusable; it is lowering launch costs in other ways. “We’ve invested in machines and infrastructure to produce rockets at scale,” says Kemp ina video tourof the company’s manufacturing facility. Reaching orbit used to take tens of millions of dollars. New companies are lowering the bill to millions of dollars.\nFalling costs are opening outer space for business. For exactly what, however, is still a guess. “Were going to see new applications that no one has ever imagined that will help improve life on earth,” says Kemp. Among the possibilities that people are imagining are new communications technologies like the ones SpaceX is pursuing, detailed earth observation, early-warning systems for defense, and weather and GPS applications.\nAstra appears confident that new applications are coming. The company has ambitions to have daily orbital launches by 2025. Revenue is projected to reach $1.5 billion that year, and Astra projects almost $700 million in free cash flow.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":565,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","text":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","html":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181508504,"gmtCreate":1623399703408,"gmtModify":1634033747533,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"Tiger is here!","listText":"Tiger is here!","text":"Tiger is here!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181508504","repostId":"1156453091","repostType":2,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://www.laohu8.com/m/news/1156453091?lang=zh_CN&edition=full","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"以史为鉴，美国通胀飙升后的演绎与影响","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。<b>美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。</b>我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：</p>\n<p><b>1960年以来美国CPI同比破5%出现了4次</b>(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。</p>\n<p><b>1968/06-1971/09</b>：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。</p>\n<p><b>1973/03-1982/11：</b>粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。</p>\n<p><b>1987/08-1991/07：</b>走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。</p>\n<p><b>2007/11-2008/09：</b>油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。</p>\n<p><b>当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。</b></p>\n<p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p>\n<p><b>本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。</b>今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是<b>从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。</b></p>\n<p><b>对于今年通胀的演绎，我们重点关注二手车和房租两个分项。</b></p>\n<p><b>通胀的主要推力之一为二手车。</b>东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。</p>\n<p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p>\n<p><b>房租价格走势对未来通胀的演绎有重要影响。</b>美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们<b>预计受到供给短缺的影响，未来房租将会持续温和地上升</b>。</p>\n<p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p>\n<p><b>通胀预期走势如何?</b></p>\n<p>从消费者的角度，密西根预期通胀率数据显示，2<b>021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。</b></p>\n<p>从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为<b>共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。</b></p>\n<p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p>\n<p><b>未来通胀将会怎样影响资产价格?</b></p>\n<p>我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：<b>通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。</b>有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。</p>\n<p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p>\n<p><b>风险提示：</b>美联储过快收紧货币政策，地缘政治风险加剧</p>\n<hr>\n<p>恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">【七周年有奖活动】老虎大搜查 </a>了解）</p>\n<p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>以史为鉴，美国通胀飙升后的演绎与影响</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n以史为鉴，美国通胀飙升后的演绎与影响\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 21:58 北京时间&nbsp;&nbsp;&nbsp;<a href=https://www.zhitongcaijing.com/content/detail/492521.html><strong>川阅全球宏观</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1755,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181503228,"gmtCreate":1623399655264,"gmtModify":1634033748336,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"Tiger is here!","listText":"Tiger is here!","text":"Tiger is here!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181503228","repostId":"1140839418","repostType":2,"repost":{"id":"1140839418","kind":"news","pubTimestamp":1623382205,"share":"https://www.laohu8.com/m/news/1140839418?lang=zh_CN&edition=full","pubTime":"2021-06-11 11:30","market":"us","language":"zh","title":"一张图读懂滴滴招股书：遍布15国，日均单量4100万","url":"https://stock-news.laohu8.com/highlight/detail?id=1140839418","media":"腾讯科技","summary":"6月11日消息，美国当地时间周四，$滴滴出行 $的运营主体小桔快智向美国证券交易委员会提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。","content":"<p>6月11日消息，美国当地时间周四，<a href=\"https://laohu8.com/S/DIDI\">滴滴出行</a>的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。</p>\n<p>根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。</p>\n<p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p>\n<hr>\n<p>恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">【七周年有奖活动】老虎大搜查</a> 了解）<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>\n<p></p>","source":"txkj","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>一张图读懂滴滴招股书：遍布15国，日均单量4100万</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n一张图读懂滴滴招股书：遍布15国，日均单量4100万\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 11:30 北京时间&nbsp;&nbsp;&nbsp;<a href=https://new.qq.com/rain/a/20210611A02NC800><strong>腾讯科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机...</p>\n\n<a href=\"https://new.qq.com/rain/a/20210611A02NC800\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/rain/a/20210611A02NC800","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140839418","content_text":"6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。\n\n\n恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":1655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378393883,"gmtCreate":1618997788142,"gmtModify":1634289335582,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378393883","repostId":"1185015358","repostType":2,"isVote":1,"tweetType":1,"viewCount":2605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":346788319,"gmtCreate":1618113448131,"gmtModify":1634294840214,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"[无语]&nbsp;","listText":"[无语]&nbsp;","text":"[无语]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346788319","repostId":"1133841778","repostType":4,"repost":{"id":"1133841778","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":1617977105,"share":"https://www.laohu8.com/m/news/1133841778?lang=zh_CN&edition=full","pubTime":"2021-04-09 22:05","market":"us","language":"en","title":"EV Stocks underperformed<blockquote>电动汽车股票表现不佳</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1133841778","media":"Tiger Newspress","summary":"EV Stocks underperformed&nbsp;in Friday morning trading.Nio and Li Auto were down about 4%,Xpeng Motors was down 2%,Tesla was down 1%.","content":"<p>EV Stocks underperformed&nbsp;in Friday morning trading.Nio and Li Auto were down about 4%,Xpeng Motors was down 2%,Tesla was down 1%.</p><p><blockquote>电动汽车股在周五早盘交易中表现不佳。蔚来和理想汽车下跌约4%，小鹏汽车下跌2%，特斯拉下跌1%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8b61fa5fb6129f3dc72addb8c9abf0ea\" tg-width=\"422\" tg-height=\"240\" 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>EV Stocks underperformed<blockquote>电动汽车股票表现不佳</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\">\nEV Stocks underperformed<blockquote>电动汽车股票表现不佳</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\">2021-04-09 22:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV Stocks underperformed&nbsp;in Friday morning trading.Nio and Li Auto were down about 4%,Xpeng Motors was down 2%,Tesla was down 1%.</p><p><blockquote>电动汽车股在周五早盘交易中表现不佳。蔚来和理想汽车下跌约4%，小鹏汽车下跌2%，特斯拉下跌1%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8b61fa5fb6129f3dc72addb8c9abf0ea\" tg-width=\"422\" tg-height=\"240\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","LI":"理想汽车","TSLA":"特斯拉","XPEV":"小鹏汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133841778","content_text":"EV Stocks underperformed in Friday morning trading.Nio and Li Auto were down about 4%,Xpeng Motors was down 2%,Tesla was down 1%.","news_type":1,"symbols_score_info":{"XPEV":0.9,"NIO":0.9,"LI":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":346079228,"gmtCreate":1617977271864,"gmtModify":1634295416782,"author":{"id":"3573302017483188","authorId":"3573302017483188","name":"NicNic","avatar":"https://static.tigerbbs.com/8fbd8060ca43d86e45bac28030ead59e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573302017483188","authorIdStr":"3573302017483188"},"themes":[],"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346079228","repostId":"1168300924","repostType":4,"repost":{"id":"1168300924","kind":"news","pubTimestamp":1617955250,"share":"https://www.laohu8.com/m/news/1168300924?lang=zh_CN&edition=full","pubTime":"2021-04-09 16:00","market":"us","language":"en","title":"Next Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168300924","media":"barrons","summary":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Pa","content":"<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p><blockquote>4月的第二周将成为IPO市场相对强劲的时期。又有多达四家公司在股市首次亮相，使总数至少达到六家。</blockquote></p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p><blockquote>美国最大的加密货币交易所Coinbase定于4月14日星期三开业交易。三位知情人士表示，Applovin和图森未来将于第二天上市。Agilon Health将于周四首次亮相。</blockquote></p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p><blockquote>据报道，银行软件公司Alkami Technology和生产环保一次性食品服务产品的Karat Packaging也将上市。</blockquote></p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p><blockquote>相比之下，本周有两家公司Reneo Pharmaceuticals和VectivBio Holding上市。这两家公司都是小型生物技术公司，预计将于周五在纳斯达克开始交易。</blockquote></p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p><blockquote>Applovin周三设定了首次公开募股的条款。该公司将以每股75至85美元的价格发行2500万股股票，这意味着如果该股票以该区间的高端出售，它可以筹集高达21.3亿美元的资金。该公司计划在纳斯达克以APP为代码进行交易。</blockquote></p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p><blockquote>Applovin招股说明书中列出了18家承销商，包括摩根士丹利（股票代码：MS）、摩根大通(JPM)、KKR、美国银行(BAC)美银证券和花旗集团(C)。</blockquote></p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p><blockquote>Applovin成立于2012年，提供手机游戏开发商用来发展业务的软件。据该公司称，每天约有4.1亿人打开包含Applovin软件的应用程序。Applovin还拥有200多款免费手机游戏，日用户达3200万。</blockquote></p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p><blockquote>2018年，KKR以4亿美元收购了Applovin的少数股权，当时Applovin的估值为20亿美元。Applovin今年2月以10亿美元收购了Adjust，这是一家帮助移动应用开发者衡量应用性能和防止欺诈的公司。招股说明书称，IPO后KKR将拥有该公司67.4%的股份。</blockquote></p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p><blockquote>Applovin的流通股为357,955,309股，市值可能达到300亿美元。</blockquote></p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p><blockquote>图森未来还设定了IPO条款。这家自动驾驶技术公司可能筹集高达13亿美元的资金；该公司以每股35至39美元的价格发行近3400万股股票。它将在纳斯达克交易，股票代码为TSP。</blockquote></p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p><blockquote>摩根士丹利（MS）、花旗集团和摩根大通（JPM）是该交易的牵头账簿管理人。</blockquote></p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p><blockquote>图森未来成立于2015年，旨在改变价值8000亿美元的卡车运输业。这家圣地亚哥公司除了在日本开展业务外，还在图森、上海和北京设有工厂，正在为长途半挂卡车开发自动货运网络，据称这将提高道路效率和安全性，同时削减运营成本。</blockquote></p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p><blockquote>图森未来为4级自动驾驶长途卡车开发软件，可以看到1000米以外的地方，相当于30秒的驾驶时间。高清地图提供了五厘米以内的精度。</blockquote></p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p><blockquote>招股说明书称，该公司正在与Navistar(NAV)合作，到2024年为北美市场开发卡车。图森未来与大众汽车子公司TRATON在欧洲建立了卡车合作伙伴关系。Navistar、TRATON和联合包裹服务公司(UPS)都是投资者。</blockquote></p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p><blockquote>图森未来已筹集8亿美元资金，其中包括11月份由VectoIQ领投的3.5亿美元融资。招股说明书称，贝莱德(BR)、富达管理与研究公司和资本集团正在洽谈以IPO价格购买最多1010万股图森未来股票。</blockquote></p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</p><p><blockquote>该公司将拥有212,263,328股已发行股票，这意味着图森未来的市值可能攀升至83亿美元。然而，图森未来并未盈利。亏损从2019年的8490万美元扩大至2020年的1.779亿美元。2020年收入增长近160%至180万美元。</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>Next Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</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\">\nNext Week’s IPO Lineup Is Growing. It Could Be Busy.<blockquote>下周IPO阵容不断壮大。可能会很忙。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">barrons</strong><span class=\"h-time small\">2021-04-09 16:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.</p><p><blockquote>4月的第二周将成为IPO市场相对强劲的时期。又有多达四家公司在股市首次亮相，使总数至少达到六家。</blockquote></p><p>Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.</p><p><blockquote>美国最大的加密货币交易所Coinbase定于4月14日星期三开业交易。三位知情人士表示，Applovin和图森未来将于第二天上市。Agilon Health将于周四首次亮相。</blockquote></p><p>And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.</p><p><blockquote>据报道，银行软件公司Alkami Technology和生产环保一次性食品服务产品的Karat Packaging也将上市。</blockquote></p><p>This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.</p><p><blockquote>相比之下，本周有两家公司Reneo Pharmaceuticals和VectivBio Holding上市。这两家公司都是小型生物技术公司，预计将于周五在纳斯达克开始交易。</blockquote></p><p>Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.</p><p><blockquote>Applovin周三设定了首次公开募股的条款。该公司将以每股75至85美元的价格发行2500万股股票，这意味着如果该股票以该区间的高端出售，它可以筹集高达21.3亿美元的资金。该公司计划在纳斯达克以APP为代码进行交易。</blockquote></p><p>Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR,&nbsp;Bank of America‘s (BAC) BofA Securities, andCitigroup(C).</p><p><blockquote>Applovin招股说明书中列出了18家承销商，包括摩根士丹利（股票代码：MS）、摩根大通(JPM)、KKR、美国银行(BAC)美银证券和花旗集团(C)。</blockquote></p><p>Founded in 2012, Applovin&nbsp;provides software&nbsp;used by mobile-game developers to grow their businesses.&nbsp; Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.</p><p><blockquote>Applovin成立于2012年，提供手机游戏开发商用来发展业务的软件。据该公司称，每天约有4.1亿人打开包含Applovin软件的应用程序。Applovin还拥有200多款免费手机游戏，日用户达3200万。</blockquote></p><p>In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.</p><p><blockquote>2018年，KKR以4亿美元收购了Applovin的少数股权，当时Applovin的估值为20亿美元。Applovin今年2月以10亿美元收购了Adjust，这是一家帮助移动应用开发者衡量应用性能和防止欺诈的公司。招股说明书称，IPO后KKR将拥有该公司67.4%的股份。</blockquote></p><p>With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.</p><p><blockquote>Applovin的流通股为357,955,309股，市值可能达到300亿美元。</blockquote></p><p>TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.</p><p><blockquote>图森未来还设定了IPO条款。这家自动驾驶技术公司可能筹集高达13亿美元的资金；该公司以每股35至39美元的价格发行近3400万股股票。它将在纳斯达克交易，股票代码为TSP。</blockquote></p><p>Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.</p><p><blockquote>摩根士丹利（MS）、花旗集团和摩根大通（JPM）是该交易的牵头账簿管理人。</blockquote></p><p>Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.</p><p><blockquote>图森未来成立于2015年，旨在改变价值8000亿美元的卡车运输业。这家圣地亚哥公司除了在日本开展业务外，还在图森、上海和北京设有工厂，正在为长途半挂卡车开发自动货运网络，据称这将提高道路效率和安全性，同时削减运营成本。</blockquote></p><p>TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.</p><p><blockquote>图森未来为4级自动驾驶长途卡车开发软件，可以看到1000米以外的地方，相当于30秒的驾驶时间。高清地图提供了五厘米以内的精度。</blockquote></p><p>The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.</p><p><blockquote>招股说明书称，该公司正在与Navistar(NAV)合作，到2024年为北美市场开发卡车。图森未来与大众汽车子公司TRATON在欧洲建立了卡车合作伙伴关系。Navistar、TRATON和联合包裹服务公司(UPS)都是投资者。</blockquote></p><p>TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management &amp; Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.</p><p><blockquote>图森未来已筹集8亿美元资金，其中包括11月份由VectoIQ领投的3.5亿美元融资。招股说明书称，贝莱德(BR)、富达管理与研究公司和资本集团正在洽谈以IPO价格购买最多1010万股图森未来股票。</blockquote></p><p>The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. Revenue jumped nearly 160% to $1.8 million in 2020.</p><p><blockquote>该公司将拥有212,263,328股已发行股票，这意味着图森未来的市值可能攀升至83亿美元。然而，图森未来并未盈利。亏损从2019年的8490万美元扩大至2020年的1.779亿美元。2020年收入增长近160%至180万美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?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":{"COIN":"Coinbase Global, Inc.","APP":"AppLovin Corporation","ALKT":"Alkami Technology, Inc.","KRT":"Karat Packaging Inc."},"source_url":"https://www.barrons.com/articles/next-weeks-ipo-lineup-is-growing-it-could-be-busy-51617907448?mod=hp_LEAD_1_B_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168300924","content_text":"The second week of April is shaping up to be a relatively strong time for the IPO market. As many as four more companies are making their stock-market debuts, bringing the total to at least six.Coinbase, the largest U.S. cryptocurrency exchange,is slated to open for trading on Wednesday, April 14. Applovin and TuSimple are listing the next day, three people familiar with the situation said. Agilon Health ismaking its debut that Thursday.And Alkami Technology,a bank software company, and Karat Packaging, whichmakes environmentally-friendly disposable food service products, are also reportedly going public.This week, by way of contrast, two companies, Reneo Pharmaceuticals and VectivBio Holding, are listing. Both are small biotech companies that areslated to begin trading on the Nasdaq on Friday.Applovin on Wednesday set terms for its initial public offering. It is offering 25 million shares at $75 to $85 each, which means it could raise as much as $2.13 billion if the stock sells at the high end of that range. The company plans to trade on the Nasdaq under the symbol APP.Eighteen underwriters are listed in the Applovin prospectus, includingMorgan Stanley(ticker: MS),JPMorgan Chase(JPM),KKR, Bank of America‘s (BAC) BofA Securities, andCitigroup(C).Founded in 2012, Applovin provides software used by mobile-game developers to grow their businesses.  Some 410 million people a day open apps that contain Applovin software, according to the company. Applovin also has a portfolio of more than 200 free-to-play mobile games with 32 million daily users.In 2018, KKRbought a minority stakein Applovin for $400 million, valuing Applovin at $2 billion at the time. Applovin in February acquired Adjust, a firm that helps mobile-app developers measure the performance of apps and prevent fraud, for $1 billion. KKR will own 67.4% of the company after the IPO, theprospectus said.With 357,955,309 shares outstanding, Applovin’s market capitalization could hit $30 billion.TuSimple also set terms for its IPO. The self-driving technology company could raise as much as $1.3 billion; it is offering nearly 34 million shares at $35 to $39 each. It will trade on the Nasdaq under the ticker TSP.Morgan Stanley(MS),Citigroup,and J.P. Morgan (JPM) are lead bookrunners on the deal.Founded in 2015, TuSimple is looking to transform the $800 billion trucking industry. The San Diego company, which has plants in Tucson, Shanghai, and Beijing, in addition to operations in Japan, is developing an autonomous freight network for long-haul, semi-trucks that it says will increase efficiency and safety on the road, while cutting operating costs.TuSimple develops software for the Level 4 self-driving, long-haul trucks, which can see up to 1,000 meters away, equivalent to 30 seconds of driving time. High-definition maps provide accuracy within five centimeters.The company is partnering withNavistar(NAV) to develop trucks for the North American market by 2024,its prospectus said. TuSimple has another partnership withVolkswagensubsidiary TRATON for trucks in Europe. Navistar, TRATON, and United Parcel Service (UPS) are all investors.TuSimple has raised $800 million in funding, including a $350 million round in November led by VectoIQ.BlackRock(BR), Fidelity Management & Research Co and Capital Group are in talks to buy up to 10.1 million TuSimple shares at the IPO price, the prospectus said.The company will have 212,263,328 shares outstanding, meaning TuSimple’s market cap could climb to $8.3 billion. TuSimple, however, is not profitable. Losses widened to $177.9 million in 2020 from $84.9 million in 2019. 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