社区
首页
集团介绍
社区
资讯
行情
学堂
TigerAI
登录
注册
正直的人
IP属地：海外
+关注
帖子 · 11
帖子 · 11
关注 · 0
关注 · 0
粉丝 · 0
粉丝 · 0
正直的人
正直的人
·
12-02
我不知道他怎么懵对了英伟达…我感觉再用 2 年，他会把过去赚的钱都赔了。预测看看，哈哈
私募大佬但斌：如果AI Agent成真了，腾讯有可能被颠覆
私募大佬、东方港湾董事长但斌近日在新浪财经“金麒麟”最佳分析师颁奖盛典上分享他的投资感悟时表示，如果AI Agent成真了，微信模式都要改写，即腾讯有可能被颠覆。今年，东方港湾做出方向调整。但斌表示，AI行业竞争非常激烈。一旦AI Agent实现，将来订飞机票可能只需要对着眼镜讲句话就搞定，连手机形态都可能消失。
私募大佬但斌：如果AI Agent成真了，腾讯有可能被颠覆
看
144
回复
评论
点赞
1
编组 21备份 2
分享
举报
正直的人
正直的人
·
11-14
所以继续大跌，投入不停，市场又担心打不赢，大概率也不可能扭亏为盈，最后还得关
京东对外卖业务的表述要点（业绩会&callback）
否了之后，京东又接着投诉，目前投诉结果未知。所以这一篇文章我将站在京东立场，为京东站台。以下为京东业绩会和callback中对外卖的表述要点：1.外卖Q3亏损相对于Q2是收窄的，新业务Q3亏损金额环比扩大主要因为京喜和国际业务，而非外卖。）7.继续追求单量增长，释放外卖业务规模效应，提升UE，最终使外卖成为一个可以独立生存的业务。这篇应该不会被删，要删也是蓝猫或者袋鼠要我删。
京东对外卖业务的表述要点（业绩会&callback）
看
351
回复
评论
点赞
1
编组 21备份 2
分享
举报
正直的人
正直的人
·
07-17
建议多去做一些调研，哈，风已经过了，而且会很快
看
730
回复
评论
点赞
1
编组 21备份 2
分享
举报
正直的人
正直的人
·
05-15
今年上 700，创历史新高，立贴为证
看
1,371
回复
评论
点赞
1
编组 21备份 2
分享
举报
正直的人
正直的人
·
03-05
今年还会有 1000 亿回购吗？
看
1,101
回复
评论
点赞
点赞
编组 21备份 2
分享
举报
正直的人
正直的人
·
02-04
那你另外90%的仓位在哪里？？
看
1,794
回复
评论
点赞
点赞
编组 21备份 2
分享
举报
正直的人
正直的人
·
02-04
$特斯拉(TSLA)$
股价腰斩是必然的，就在今年。长期看机器人无法成功，fsd也没法大规模货币化
看
1,556
回复
评论
点赞
1
编组 21备份 2
分享
举报
正直的人
正直的人
·
2021-07-09
$好未来(TAL)$
被reddit盯上了？
看
3,591
回复
1
点赞
1
编组 21备份 2
分享
举报
正直的人
正直的人
·
2020-09-02
$跟谁学(GSX)$
运营开始亏损了，没有红利了
看
2,518
回复
评论
点赞
2
编组 21备份 2
分享
举报
正直的人
正直的人
·
2020-04-02
$跟谁学(GSX)$
会不会是下一个瑞幸呢？市场调研都找不到用户的公司
看
3,504
回复
1
点赞
4
编组 21备份 2
分享
举报
加载更多
热议股票
{"i18n":{"language":"zh_CN"},"isCurrentUser":false,"userPageInfo":{"id":"3484476934259199","uuid":"3484476934259199","gmtCreate":1521382913361,"gmtModify":1521382913361,"name":"正直的人","pinyin":"zzdrzhengzhideren","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":2,"headSize":57,"tweetSize":11,"questionSize":0,"limitLevel":900,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-4","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"明星虎友","description":"加入老虎社区2000天","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.10","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.22","exceedPercentage":"93.33%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.39%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":9,"crmLevelSwitch":0,"location":"海外","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":506359201223688,"gmtCreate":1764653532709,"gmtModify":1764653535451,"author":{"id":"3484476934259199","authorId":"3484476934259199","name":"正直的人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3484476934259199","idStr":"3484476934259199"},"themes":[],"title":"","htmlText":"我不知道他怎么懵对了英伟达…我感觉再用 2 年，他会把过去赚的钱都赔了。预测看看，哈哈","listText":"我不知道他怎么懵对了英伟达…我感觉再用 2 年，他会把过去赚的钱都赔了。预测看看，哈哈","text":"我不知道他怎么懵对了英伟达…我感觉再用 2 年，他会把过去赚的钱都赔了。预测看看，哈哈","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/506359201223688","repostId":"2588085407","repostType":2,"repost":{"id":"2588085407","kind":"news","pubTimestamp":1764646708,"share":"https://www.laohu8.com/m/news/2588085407?lang=zh_CN&edition=full","pubTime":"2025-12-02 11:38","market":"sh","language":"zh","title":"私募大佬但斌：如果AI Agent成真了，腾讯有可能被颠覆","url":"https://stock-news.laohu8.com/highlight/detail?id=2588085407","media":"金融界","summary":"私募大佬、东方港湾董事长但斌近日在新浪财经“金麒麟”最佳分析师颁奖盛典上分享他的投资感悟时表示，如果AI Agent成真了，微信模式都要改写，即腾讯有可能被颠覆。今年，东方港湾做出方向调整。但斌表示，AI行业竞争非常激烈。一旦AI Agent实现，将来订飞机票可能只需要对着眼镜讲句话就搞定，连手机形态都可能消失。","content":"<html><body><div>\n<p>私募大佬、东方港湾董事长但斌近日在新浪财经“<span><a href=\"https://laohu8.com/S/603586\">金麒麟</a></span>”最佳分析师颁奖盛典上分享他的投资感悟时表示，如果AI Agent成真了，微信模式都要改写，即<a href=\"https://laohu8.com/S/00700\">腾讯</a>有可能被颠覆。</p><p>面对2022年开启的AI时代，但斌只做简单的战略性抉择，集中投资于以<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>为代表的公司。今年，东方港湾做出方向调整。“过去两年英伟达是第一大重仓，但今年初研究团队发现，AI对<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>有推动作用，并非负面影响，于是将<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>加仓至第二大重仓。”</p><p>但斌表示，AI行业竞争非常激烈。<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>今年研发投入1250亿美金，谷歌900亿，<a href=\"https://laohu8.com/S/MSFT\">微软</a>连同Open AI要投1000亿。一旦AI Agent实现，将来订飞机票可能只需要对着眼镜讲句话就搞定，连手机形态都可能消失。到时候，连腾讯微信的商业模式都有机会发生大变化。</p>\n<div>\n<p>港股频道更多独家策划、专家专栏，免费查阅>></p>\n<div>\r\n 责任编辑：栎树\r\n </div>\n</div>\n</div></body></html>","source":"jinrongjie_stock","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>私募大佬但斌：如果AI Agent成真了，腾讯有可能被颠覆</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私募大佬但斌：如果AI Agent成真了，腾讯有可能被颠覆\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-02 11:38 北京时间 <a href=https://hk.jrj.com.cn/2025/12/02113854519616.shtml><strong>金融界</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>私募大佬、东方港湾董事长但斌近日在新浪财经“金麒麟”最佳分析师颁奖盛典上分享他的投资感悟时表示，如果AI Agent成真了，微信模式都要改写，即腾讯有可能被颠覆。面对2022年开启的AI时代，但斌只做简单的战略性抉择，集中投资于以英伟达为代表的公司。今年，东方港湾做出方向调整。“过去两年英伟达是第一大重仓，但今年初研究团队发现，AI对谷歌有推动作用，并非负面影响，于是将谷歌加仓至第二大重仓。”但斌...</p>\n\n<a href=\"https://hk.jrj.com.cn/2025/12/02113854519616.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU1044876610.USD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"ZU\" (USD) ACC","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0061477393.USD":"CT (LUX) I ASIA EQUITY INCOME \"AU\" (USD) ACC","LU0192582467.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" (USD) INC MF","00700":"腾讯控股","LU1504937902.USD":"CT (LUX) I ASIAN EQUITY INCOME \"DUP\" (EUR) INC","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","SG9999013353.USD":"SCHRODER ASIAN INCOME FUND\"A\" (USDHDG) INC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU0918141887.USD":"安联亚洲实际收益股票基金","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU0862451837.USD":"JPM EMERGING MARKETS DIVIDEND \"A\" (USD) INC (M)","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","IE0032834883.USD":"FSSA ASIAN EQUITY PLUS \"I\" (USD) INC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2051468812.USD":"JPM EMERGING MARKETS ESG EQUITY \"A\" (USD) ACC","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","LU1046422090.SGD":"Fidelity Pacific A-SGD","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","LU0886674414.USD":"CT (LUX) I ASIAN EQUITY INCOME \"AUP\" (USD) INC","LU1224444064.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AM\" (USDHDG) INC","BK1586":"云计算","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0543330566.HKD":"TEMPLETON BRIC \"A\" (HKD) ACC","BK1531":"手游股","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU2293587155.HKD":"ALLIANZ ORIENTAL INCOME \"AT\" (HKD) ACC","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","LU1629966141.USD":"Aberdeen Standard SICAV I - Asia Pacific Multi Asset A Acc USD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0651946864.USD":"贝莱德新兴市场股票收益A2","TCEHY":"腾讯控股ADR","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund SGD","HTCD.SI":"Tencent HK SDR 10to1","LU1282649141.HKD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (HKD) INC","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU0455707207.USD":"FIDELITY FUNDS CHINA INNOVATION \"A\" (USD) INC","LU0051755006.USD":"摩根大通中国A (dist)"},"source_url":"https://hk.jrj.com.cn/2025/12/02113854519616.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2588085407","content_text":"私募大佬、东方港湾董事长但斌近日在新浪财经“金麒麟”最佳分析师颁奖盛典上分享他的投资感悟时表示，如果AI Agent成真了，微信模式都要改写，即腾讯有可能被颠覆。面对2022年开启的AI时代，但斌只做简单的战略性抉择，集中投资于以英伟达为代表的公司。今年，东方港湾做出方向调整。“过去两年英伟达是第一大重仓，但今年初研究团队发现，AI对谷歌有推动作用，并非负面影响，于是将谷歌加仓至第二大重仓。”但斌表示，AI行业竞争非常激烈。亚马逊今年研发投入1250亿美金，谷歌900亿，微软连同Open AI要投1000亿。一旦AI Agent实现，将来订飞机票可能只需要对着眼镜讲句话就搞定，连手机形态都可能消失。到时候，连腾讯微信的商业模式都有机会发生大变化。\n\n港股频道更多独家策划、专家专栏，免费查阅>>\n\r\n 责任编辑：栎树","news_type":1,"symbols_score_info":{"TCEHY":1.5,"HTCD.SI":0.6,"TCHmain":1.5,"00700":1.5}},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":499982601835328,"gmtCreate":1763091743131,"gmtModify":1763091745499,"author":{"id":"3484476934259199","authorId":"3484476934259199","name":"正直的人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3484476934259199","idStr":"3484476934259199"},"themes":[],"title":"","htmlText":"所以继续大跌，投入不停，市场又担心打不赢，大概率也不可能扭亏为盈，最后还得关","listText":"所以继续大跌，投入不停，市场又担心打不赢，大概率也不可能扭亏为盈，最后还得关","text":"所以继续大跌，投入不停，市场又担心打不赢，大概率也不可能扭亏为盈，最后还得关","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/499982601835328","repostId":"2583136885","repostType":2,"repost":{"id":"2583136885","kind":"news","pubTimestamp":1763055701,"share":"https://www.laohu8.com/m/news/2583136885?lang=zh_CN&edition=full","pubTime":"2025-11-14 01:41","market":"hk","language":"zh","title":"京东对外卖业务的表述要点（业绩会&callback）","url":"https://stock-news.laohu8.com/highlight/detail?id=2583136885","media":"卓哥投研笔记","summary":"否了之后，京东又接着投诉，目前投诉结果未知。所以这一篇文章我将站在京东立场，为京东站台。以下为京东业绩会和callback中对外卖的表述要点：1.外卖Q3亏损相对于Q2是收窄的，新业务Q3亏损金额环比扩大主要因为京喜和国际业务，而非外卖。）7.继续追求单量增长，释放外卖业务规模效应，提升UE，最终使外卖成为一个可以独立生存的业务。这篇应该不会被删，要删也是蓝猫或者袋鼠要我删。","content":"<html><body><article><p>我之前一篇文章大摩：<a href=\"https://laohu8.com/S/JD\">京东</a>，凛冬将至为什么还没有被删？不是京东没有投诉我，京东已经投诉我两次了哈，第一次投诉是当天晚上8点半，但投诉第二天早上10点就被微信团队否了。否了之后，京东又接着投诉，目前投诉结果未知。</p><p>所以这一篇文章我将站在京东立场，为京东站台。以下为京东业绩会和callback中对外卖的表述要点：</p><p>1.外卖Q3亏损相对于Q2是收窄的，新业务Q3亏损金额环比扩大主要因为京喜和国际业务，而非外卖。</p><p>2.补贴相对理性，业绩会上管理层表述原文是“尽管面临行业内的激烈竞争，公司在刚刚过去的第三季度仍然保持着相对理性的态度。”这句话三个重点词，“仍然”、“相对”、“理性”。（卓哥呼吁：麻烦袋鼠和蓝猫也保持理性。）</p><p>3.UE亏损（单均亏损）也在收窄，但GMV实现了双位数增长，说的是环比。卓哥：管理层没有谈市占率，也没有必要谈市占率，咱自己跟自己比每个季度有进步就行。</p><p>4.外卖和闪购是一盘棋，目前重心在外卖。</p><p>5.Q4继续追求单量增长（继续？）、UE改善，Q4整体投入预计环比Q3减少，但也要看竞争强弱。卓哥理解：不好战，也不怕战。</p><p>6.外卖与主站电商的协同效应？上个季度的交叉销售是40%（外卖用户在电商有下过单），这个季度是50%。（卓哥理解：相比之下，蓝猫双十一的1亿单交叉销售就有些平淡了，日均交叉销售也就400多万单，相比日均2-3亿的电商总订单，也就2%的提升。）</p><p>7.继续追求单量增长，释放外卖业务规模效应，提升UE，最终使外卖成为一个可以独立生存的业务。（卓哥理解：外卖未来要实现盈亏平衡才行）</p><p>这篇应该不会被删，要删也是蓝猫或者袋鼠要我删。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251114020126674v152c3u7y6abqzs\"/></article></body></html>","source":"tencent","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>京东对外卖业务的表述要点（业绩会&callback）</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京东对外卖业务的表述要点（业绩会&callback）\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-14 01:41 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251114020127a6f793ec&s=b><strong>卓哥投研笔记</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>我之前一篇文章大摩：京东，凛冬将至为什么还没有被删？不是京东没有投诉我，京东已经投诉我两次了哈，第一次投诉是当天晚上8点半，但投诉第二天早上10点就被微信团队否了。否了之后，京东又接着投诉，目前投诉结果未知。所以这一篇文章我将站在京东立场，为京东站台。以下为京东业绩会和callback中对外卖的表述要点：1.外卖Q3亏损相对于Q2是收窄的，新业务Q3亏损金额环比扩大主要因为京喜和国际业务，而非外卖...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251114020127a6f793ec&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89618":"京东集团-SWR","LU0791590937.USD":"ALLSPRING EMERGING MARKTES EQUITY INCOME \"A\" (USD)","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","BK1619":"稳定币概念","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU0469268626.HKD":"AB FCP I-ASIA EX JAPAN EQUITY PTF(AD","JD":"京东","BK1591":"就地过年概念","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","LU1224444064.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AM\" (USDHDG) INC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0259732245.USD":"EASTSPRING INVESTMENTS DRAGON PEACOCK A","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0828237510.HKD":"SCHRODER ISF BIC (BRAZ IN CH)\"A\" (HKD) ACC","IE00B29SXG58.USD":"FSSA CHINA FOCUS \"I\" (USD) ACC","LU0293314216.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","BK1142":"互联网与直销零售","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU0051755006.USD":"摩根大通中国A (dist)","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0594300419.USD":"富达中国消费基金A","SG9999002828.SGD":"Eastspring Investments Unit Trusts - Dragon Peacock A SGD","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","09618":"京东集团-SW","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","BK1610":"ETF&股票定投概念","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251114020127a6f793ec&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2583136885","content_text":"我之前一篇文章大摩：京东，凛冬将至为什么还没有被删？不是京东没有投诉我，京东已经投诉我两次了哈，第一次投诉是当天晚上8点半，但投诉第二天早上10点就被微信团队否了。否了之后，京东又接着投诉，目前投诉结果未知。所以这一篇文章我将站在京东立场，为京东站台。以下为京东业绩会和callback中对外卖的表述要点：1.外卖Q3亏损相对于Q2是收窄的，新业务Q3亏损金额环比扩大主要因为京喜和国际业务，而非外卖。2.补贴相对理性，业绩会上管理层表述原文是“尽管面临行业内的激烈竞争，公司在刚刚过去的第三季度仍然保持着相对理性的态度。”这句话三个重点词，“仍然”、“相对”、“理性”。（卓哥呼吁：麻烦袋鼠和蓝猫也保持理性。）3.UE亏损（单均亏损）也在收窄，但GMV实现了双位数增长，说的是环比。卓哥：管理层没有谈市占率，也没有必要谈市占率，咱自己跟自己比每个季度有进步就行。4.外卖和闪购是一盘棋，目前重心在外卖。5.Q4继续追求单量增长（继续？）、UE改善，Q4整体投入预计环比Q3减少，但也要看竞争强弱。卓哥理解：不好战，也不怕战。6.外卖与主站电商的协同效应？上个季度的交叉销售是40%（外卖用户在电商有下过单），这个季度是50%。（卓哥理解：相比之下，蓝猫双十一的1亿单交叉销售就有些平淡了，日均交叉销售也就400多万单，相比日均2-3亿的电商总订单，也就2%的提升。）7.继续追求单量增长，释放外卖业务规模效应，提升UE，最终使外卖成为一个可以独立生存的业务。（卓哥理解：外卖未来要实现盈亏平衡才行）这篇应该不会被删，要删也是蓝猫或者袋鼠要我删。","news_type":1,"symbols_score_info":{"89618":0.6,"09618":1.5,"JD":0.6}},"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":457618127675480,"gmtCreate":1752760464703,"gmtModify":1752760465880,"author":{"id":"3484476934259199","authorId":"3484476934259199","name":"正直的人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3484476934259199","idStr":"3484476934259199"},"themes":[],"htmlText":"建议多去做一些调研，哈，风已经过了，而且会很快","listText":"建议多去做一些调研，哈，风已经过了，而且会很快","text":"建议多去做一些调研，哈，风已经过了，而且会很快","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/457618127675480","isVote":1,"tweetType":1,"viewCount":730,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":435211304637008,"gmtCreate":1747272400004,"gmtModify":1747272401997,"author":{"id":"3484476934259199","authorId":"3484476934259199","name":"正直的人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3484476934259199","idStr":"3484476934259199"},"themes":[],"htmlText":"今年上 700，创历史新高，立贴为证","listText":"今年上 700，创历史新高，立贴为证","text":"今年上 700，创历史新高，立贴为证","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/435211304637008","isVote":1,"tweetType":1,"viewCount":1371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":410234439582352,"gmtCreate":1741164918331,"gmtModify":1741164920238,"author":{"id":"3484476934259199","authorId":"3484476934259199","name":"正直的人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3484476934259199","idStr":"3484476934259199"},"themes":[],"htmlText":"今年还会有 1000 亿回购吗？","listText":"今年还会有 1000 亿回购吗？","text":"今年还会有 1000 亿回购吗？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/410234439582352","isVote":1,"tweetType":1,"viewCount":1101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":399826232988160,"gmtCreate":1738635992146,"gmtModify":1738635994111,"author":{"id":"3484476934259199","authorId":"3484476934259199","name":"正直的人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3484476934259199","idStr":"3484476934259199"},"themes":[],"htmlText":"那你另外90%的仓位在哪里？？","listText":"那你另外90%的仓位在哪里？？","text":"那你另外90%的仓位在哪里？？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/399826232988160","isVote":1,"tweetType":1,"viewCount":1794,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":399673176596928,"gmtCreate":1738598977854,"gmtModify":1738598979692,"author":{"id":"3484476934259199","authorId":"3484476934259199","name":"正直的人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3484476934259199","idStr":"3484476934259199"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$ </a> 股价腰斩是必然的，就在今年。长期看机器人无法成功，fsd也没法大规模货币化","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$ </a> 股价腰斩是必然的，就在今年。长期看机器人无法成功，fsd也没法大规模货币化","text":"$特斯拉(TSLA)$ 股价腰斩是必然的，就在今年。长期看机器人无法成功，fsd也没法大规模货币化","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/399673176596928","isVote":1,"tweetType":1,"viewCount":1556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":141174357,"gmtCreate":1625844340279,"gmtModify":1625844340279,"author":{"id":"3484476934259199","authorId":"3484476934259199","name":"正直的人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3484476934259199","idStr":"3484476934259199"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TAL\">$好未来(TAL)$</a>被reddit盯上了？","listText":"<a href=\"https://laohu8.com/S/TAL\">$好未来(TAL)$</a>被reddit盯上了？","text":"$好未来(TAL)$被reddit盯上了？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/141174357","isVote":1,"tweetType":1,"viewCount":3591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":971483633,"gmtCreate":1599030049422,"gmtModify":1704221111080,"author":{"id":"3484476934259199","authorId":"3484476934259199","name":"正直的人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3484476934259199","idStr":"3484476934259199"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GSX\">$跟谁学(GSX)$</a>运营开始亏损了，没有红利了","listText":"<a href=\"https://laohu8.com/S/GSX\">$跟谁学(GSX)$</a>运营开始亏损了，没有红利了","text":"$跟谁学(GSX)$运营开始亏损了，没有红利了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/971483633","isVote":1,"tweetType":1,"viewCount":2518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":923848793,"gmtCreate":1585832581212,"gmtModify":1704359161838,"author":{"id":"3484476934259199","authorId":"3484476934259199","name":"正直的人","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":9,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3484476934259199","idStr":"3484476934259199"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GSX\">$跟谁学(GSX)$</a>会不会是下一个瑞幸呢？市场调研都找不到用户的公司","listText":"<a href=\"https://laohu8.com/S/GSX\">$跟谁学(GSX)$</a>会不会是下一个瑞幸呢？市场调研都找不到用户的公司","text":"$跟谁学(GSX)$会不会是下一个瑞幸呢？市场调研都找不到用户的公司","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/923848793","isVote":1,"tweetType":1,"viewCount":3504,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}