同是天涯沦落人的个人主页 - 老虎社区

同是天涯沦落人

同是天涯沦落人

同是天涯沦落人相逢何必曾相识

IP属地：未知

83关注

201粉丝

0主题

0勋章

同是天涯沦落人

2021-08-11

$TENCENT(00700)$Hold on

同是天涯沦落人

2021-08-09

$Alibaba(09988)$加油

同是天涯沦落人

2021-08-03

$TENCENT(00700)$Waiting to buy more on dip.

同是天涯沦落人

2021-08-02

$Alibaba(09988)$gotta hold on to the next report release.

同是天涯沦落人

2021-07-30

$Alibaba(09988)$Hmm

同是天涯沦落人

2021-07-29

$TENCENT(00700)$Looks good in long term LOr

同是天涯沦落人

2021-07-28

加油加油

盘前异动：中概股止跌！是反转还是诱多？

同是天涯沦落人

2021-07-23

$KUAISHOU-W(01024)$what happened?

同是天涯沦落人

2021-07-23

Good

Intel Q2 EPS $1.28 Beats $1.06 Estimate

同是天涯沦落人

2021-07-22

Strong growth.

同是天涯沦落人

2021-07-22

$AEM HOLDINGS LTD(AWX.SI)$Good, waiting for long term growth.

同是天涯沦落人

2021-07-20

$PING AN(02318)$只能静待佳音。短期看跌，长期看好。

同是天涯沦落人

2021-07-19

用户需要更多的选择，商业巨头们就此需要更多的投入来维持领先地位。总体而言还是长期看好的。

抱歉，原内容已删除

同是天涯沦落人

2021-07-19

看好微软

快讯 | 英特尔驱动文档再暗示，微软Win11正式版或将在10月发布

同是天涯沦落人

2021-07-15

不错的分享

抱歉，原内容已删除

同是天涯沦落人

2021-07-15

好奇收购的理由。

阿里集团以48亿美元收购Welbilt

同是天涯沦落人

2021-07-15

$Alibaba(09988)$Still waiting

同是天涯沦落人

2021-07-14

感觉腾讯会是更受到欢迎的一方，当然，这对其他需要微信流量的电商们来说就不是那么利好了。

抱歉，原内容已删除

同是天涯沦落人

2021-07-13

Risk of doing business in China - being regulated over cyber security.

同是天涯沦落人

2021-07-13

$TENCENT(00700)$see if can go up or down.

去老虎APP查看更多动态

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LOr","images":[{"img":"https://static.tigerbbs.com/235b471f9eab45e329c24f28f3f7c2ba","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808683482","isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":801909988,"gmtCreate":1627477404044,"gmtModify":1631886230244,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"加油加油","listText":"加油加油","text":"加油加油","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/801909988","repostId":"1144159174","repostType":2,"repost":{"id":"1144159174","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627464336,"share":"https://www.laohu8.com/m/news/1144159174?lang=&edition=full","pubTime":"2021-07-28 17:25","market":"us","language":"zh","title":"盘前异动：中概股止跌！是反转还是诱多？","url":"https://stock-news.laohu8.com/highlight/detail?id=1144159174","media":"老虎资讯综合","summary":"7月28日，美股股指期货涨跌互现，道指期货跌0.03%，标普500指数涨0.18%，纳指期货涨0.28%。\n\n部分热门中概股盘前止跌回升，理想汽车、拼多多、滴滴涨超6%，贝壳涨超5%，小鹏汽车、蔚来、","content":"<p>7月28日，美股股指期货涨跌互现，道指期货跌0.03%，标普500指数涨0.18%，纳指期货涨0.28%。</p>\n<p><img src=\"https://static.tigerbbs.com/0595f69d8fd347a67caca1a48c6d34ad\" tg-width=\"376\" tg-height=\"184\" referrerpolicy=\"no-referrer\"></p>\n<p>部分热门中概股盘前止跌回升，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>、<a href=\"https://laohu8.com/S/PDD\">拼多多</a>、<a href=\"https://laohu8.com/S/DIDI\">滴滴</a>涨超6%，<a href=\"https://laohu8.com/S/BEKE\">贝壳</a>涨超5%，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>、<a href=\"https://laohu8.com/S/NIO\">蔚来</a>、<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>涨超4%。</p>\n<p>中概教育股涨跌不一，<a href=\"https://laohu8.com/S/GOTU\">高途</a>、<a href=\"https://laohu8.com/S/TAL\">好未来</a>涨超4%，<a href=\"https://laohu8.com/S/EDU\">新东方</a>跌一度跌超4%。</p>\n<p>美股区块链板块盘前普涨，<a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a>涨超21%，<a href=\"https://laohu8.com/S/NCTY\">第九城市</a>涨近10%，<a href=\"https://laohu8.com/S/EBON\">亿邦国际</a>、<a href=\"https://laohu8.com/S/CAN\">嘉楠科技</a>、<a href=\"https://laohu8.com/S/MARA\">Marathon Patent</a>、<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>涨超6%。</p>\n<p><a href=\"https://laohu8.com/S/GOOGL\">谷歌A</a>盘前涨超4%，开盘股价势再创新高。第二季度净利润超180亿美元，大增166%。此外，<a href=\"https://laohu8.com/S/UBS\">瑞银</a>将<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>目标价从2600美元上调至3190美元。</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">苹果</a>盘前跌超1%，未提供财年指引，称之后季度营收将放缓。</p>\n<p><a href=\"https://laohu8.com/S/MSFT\">微软</a>盘前涨近1%，第二季度营收创历史新高，净利润同比增长近50%。</p>\n<p><a href=\"https://laohu8.com/S/AMD\">AMD</a>盘前涨超1%，第二季度营收38.5亿美元，净利润7亿美元，比大涨352%。</p>\n<p><a href=\"https://laohu8.com/S/SBUX\">星巴克</a>盘前跌超2%，公司下调了对中国同店销售增长的全年预测。</p>\n<p><a href=\"https://laohu8.com/S/RIO\">力拓</a>盘前涨超2%，上半年盈利翻倍，股息超去年全年。</p>\n<p><a href=\"https://laohu8.com/S/DB\">德意志银行</a>盘前涨近1%，第二季度同比扭亏为盈，并宣布取消成本目标。</p>\n<p><a href=\"https://laohu8.com/S/BCS\">巴克莱银行</a>盘前涨超4%，公司将回购最多5亿英镑股份。</p>\n<p>Teladoc&nbsp;Health盘前跌近8%，第二季度净亏损状况扩大。</p>\n<p><a href=\"https://laohu8.com/S/HCM\">和黄医药</a>盘前涨超11%，公司与<a href=\"https://laohu8.com/S/AZN\">阿斯利康</a>共同合作的沃瑞沙的II期临床试验首名患者已于7月27日接受给药治疗。</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>盘前异动：中概股止跌！是反转还是诱多？</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; 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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盘前异动：中概股止跌！是反转还是诱多？\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-07-28 17:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>7月28日，美股股指期货涨跌互现，道指期货跌0.03%，标普500指数涨0.18%，纳指期货涨0.28%。</p>\n<p><img src=\"https://static.tigerbbs.com/0595f69d8fd347a67caca1a48c6d34ad\" tg-width=\"376\" tg-height=\"184\" referrerpolicy=\"no-referrer\"></p>\n<p>部分热门中概股盘前止跌回升，<a href=\"https://laohu8.com/S/LI\">理想汽车</a>、<a href=\"https://laohu8.com/S/PDD\">拼多多</a>、<a href=\"https://laohu8.com/S/DIDI\">滴滴</a>涨超6%，<a href=\"https://laohu8.com/S/BEKE\">贝壳</a>涨超5%，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>、<a href=\"https://laohu8.com/S/NIO\">蔚来</a>、<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>涨超4%。</p>\n<p>中概教育股涨跌不一，<a href=\"https://laohu8.com/S/GOTU\">高途</a>、<a href=\"https://laohu8.com/S/TAL\">好未来</a>涨超4%，<a href=\"https://laohu8.com/S/EDU\">新东方</a>跌一度跌超4%。</p>\n<p>美股区块链板块盘前普涨，<a href=\"https://laohu8.com/S/BTBT\">Bit Digital</a>涨超21%，<a href=\"https://laohu8.com/S/NCTY\">第九城市</a>涨近10%，<a href=\"https://laohu8.com/S/EBON\">亿邦国际</a>、<a href=\"https://laohu8.com/S/CAN\">嘉楠科技</a>、<a href=\"https://laohu8.com/S/MARA\">Marathon Patent</a>、<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>涨超6%。</p>\n<p><a href=\"https://laohu8.com/S/GOOGL\">谷歌A</a>盘前涨超4%，开盘股价势再创新高。第二季度净利润超180亿美元，大增166%。此外，<a href=\"https://laohu8.com/S/UBS\">瑞银</a>将<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>目标价从2600美元上调至3190美元。</p>\n<p><a href=\"https://laohu8.com/S/AAPL\">苹果</a>盘前跌超1%，未提供财年指引，称之后季度营收将放缓。</p>\n<p><a href=\"https://laohu8.com/S/MSFT\">微软</a>盘前涨近1%，第二季度营收创历史新高，净利润同比增长近50%。</p>\n<p><a href=\"https://laohu8.com/S/AMD\">AMD</a>盘前涨超1%，第二季度营收38.5亿美元，净利润7亿美元，比大涨352%。</p>\n<p><a href=\"https://laohu8.com/S/SBUX\">星巴克</a>盘前跌超2%，公司下调了对中国同店销售增长的全年预测。</p>\n<p><a href=\"https://laohu8.com/S/RIO\">力拓</a>盘前涨超2%，上半年盈利翻倍，股息超去年全年。</p>\n<p><a href=\"https://laohu8.com/S/DB\">德意志银行</a>盘前涨近1%，第二季度同比扭亏为盈，并宣布取消成本目标。</p>\n<p><a href=\"https://laohu8.com/S/BCS\">巴克莱银行</a>盘前涨超4%，公司将回购最多5亿英镑股份。</p>\n<p>Teladoc&nbsp;Health盘前跌近8%，第二季度净亏损状况扩大。</p>\n<p><a href=\"https://laohu8.com/S/HCM\">和黄医药</a>盘前涨超11%，公司与<a href=\"https://laohu8.com/S/AZN\">阿斯利康</a>共同合作的沃瑞沙的II期临床试验首名患者已于7月27日接受给药治疗。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{".IXIC":"NASDAQ Composite","DIDI":"滴滴(已退市)",".DJI":"道琼斯","QNETCN":"纳斯达克中美互联网老虎指数","LI":"理想汽车","TTTN":"老虎中美互联网巨头ETF","GOOGL":"谷歌A","PDD":"拼多多",".SPX":"S&P 500 Index","MSFT":"微软","SBUX":"星巴克","AAPL":"苹果","AMD":"美国超微公司","NIO":"蔚来","BABA":"阿里巴巴","XPEV":"小鹏汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144159174","content_text":"7月28日，美股股指期货涨跌互现，道指期货跌0.03%，标普500指数涨0.18%，纳指期货涨0.28%。\n\n部分热门中概股盘前止跌回升，理想汽车、拼多多、滴滴涨超6%，贝壳涨超5%，小鹏汽车、蔚来、哔哩哔哩涨超4%。\n中概教育股涨跌不一，高途、好未来涨超4%，新东方跌一度跌超4%。\n美股区块链板块盘前普涨，Bit Digital涨超21%，第九城市涨近10%，亿邦国际、嘉楠科技、Marathon Patent、Riot Blockchain涨超6%。\n谷歌A盘前涨超4%，开盘股价势再创新高。第二季度净利润超180亿美元，大增166%。此外，瑞银将谷歌目标价从2600美元上调至3190美元。\n苹果盘前跌超1%，未提供财年指引，称之后季度营收将放缓。\n微软盘前涨近1%，第二季度营收创历史新高，净利润同比增长近50%。\nAMD盘前涨超1%，第二季度营收38.5亿美元，净利润7亿美元，比大涨352%。\n星巴克盘前跌超2%，公司下调了对中国同店销售增长的全年预测。\n力拓盘前涨超2%，上半年盈利翻倍，股息超去年全年。\n德意志银行盘前涨近1%，第二季度同比扭亏为盈，并宣布取消成本目标。\n巴克莱银行盘前涨超4%，公司将回购最多5亿英镑股份。\nTeladoc Health盘前跌近8%，第二季度净亏损状况扩大。\n和黄医药盘前涨超11%，公司与阿斯利康共同合作的沃瑞沙的II期临床试验首名患者已于7月27日接受给药治疗。","news_type":1},"isVote":1,"tweetType":1,"viewCount":1470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":175320842,"gmtCreate":1627008007086,"gmtModify":1631886230259,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01024\">$KUAISHOU-W(01024)$</a>what happened?&nbsp;","listText":"<a href=\"https://laohu8.com/S/01024\">$KUAISHOU-W(01024)$</a>what happened?&nbsp;","text":"$KUAISHOU-W(01024)$what happened?","images":[{"img":"https://static.tigerbbs.com/9e0f79bbf91b47df54cc3883e61cc538","width":"750","height":"1971"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/175320842","isVote":1,"tweetType":1,"viewCount":1779,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":175905925,"gmtCreate":1627001015967,"gmtModify":1631886230268,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175905925","repostId":"2153567049","repostType":2,"repost":{"id":"2153567049","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626984110,"share":"https://www.laohu8.com/m/news/2153567049?lang=&edition=full","pubTime":"2021-07-23 04:01","market":"us","language":"en","title":"Intel Q2 EPS $1.28 Beats $1.06 Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2153567049","media":"Benzinga","summary":"-Reuters","content":"<html><body><p>-Reuters</p></body></html>","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>Intel Q2 EPS $1.28 Beats $1.06 Estimate</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\">\nIntel Q2 EPS $1.28 Beats $1.06 Estimate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-23 04:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>-Reuters</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QTWO":"Q2 Holdings 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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021071908123677535518&s=b><strong>财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>财经网科技7月19日讯，据IT之家消息，微软在 6 月份公布了全新的 Win11 操作系统，目前已放出多个 Dev 预览版本。此前种种消息透露，Win11 的正式版将在 10 月份发布，近日，英特尔的一份文档再次印证了这个答案。在 DCH GPU 驱动程序 30.0.100.9684 的发行说明中，英特尔明确将 Windows 11 称为“2021 年 10 月更新 - 版本 21H2”</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021071908123677535518&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e1a4cc202709ea1e312bac26753316a5","relate_stocks":{"09086":"华夏纳指-U","MSFT":"微软","INTC":"英特尔","03086":"华夏纳指"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021071908123677535518&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2152568048","content_text":"财经网科技7月19日讯，据IT之家消息，微软在 6 月份公布了全新的 Win11 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00:48","market":"us","language":"zh","title":"阿里集团以48亿美元收购Welbilt","url":"https://stock-news.laohu8.com/highlight/detail?id=2151951709","media":"美股研究社","summary":"美股研究社讯，阿里集团(巴巴+1.3%)签了约收购Welbilt(WBT +0.3%)为Welbilt股东进行每股24美元的现金交易。这笔交易的总股本价值为35亿美元，企业价值为48亿美元。预计交易将于2022年初结束，之后Welbilt的股票将不再在纽约证券交易所(NewYorkStocKExchange)交易。.Welbilt还终止了与米德尔比的合并协议.米德+0.9%)，阿里集团代表韦尔比尔特向米德尔比支付了1.1亿美元的解雇费。一天前米德尔比说过不会提高出价阿里集团在其最初的交易中名列前茅。","content":"<html><body><article><p>美股研究社讯，阿里集团(巴巴+1.3%)签了约收购Welbilt(WBT +0.3%)为Welbilt股东进行每股24美元的现金交易。这笔交易的总股本价值为35亿美元，企业价值为48亿美元。</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13740152395/0\"/><p>预计交易将于2022年初结束，之后Welbilt的股票将不再在纽约证券交易所(NewYorkStocKExchange)交易。</p><p>.Welbilt还终止了与米德尔比的合并协议.米德+0.9%)，阿里集团代表韦尔比尔特向米德尔比支付了1.1亿美元的解雇费。</p><p>一天前米德尔比说过不会提高出价阿里集团在其最初的交易中名列前茅。</p></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\" 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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107150049357c208326&s=b><strong>美股研究社</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美股研究社讯，阿里集团(巴巴+1.3%)签了约收购Welbilt(WBT +0.3%)为Welbilt股东进行每股24美元的现金交易。这笔交易的总股本价值为35亿美元，企业价值为48亿美元。预计交易将于2022年初结束，之后Welbilt的股票将不再在纽约证券交易所(NewYorkStocKExchange)交易。.Welbilt还终止了与米德尔比的合并协议.米德+0.9%)，阿里集团代表韦尔...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107150049357c208326&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a8cfe04583f65086e588fa34f234a623","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","BABA":"阿里巴巴","09988":"阿里巴巴-W","WBT":" Manitowoc Food Service"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107150049357c208326&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2151951709","content_text":"美股研究社讯，阿里集团(巴巴+1.3%)签了约收购Welbilt(WBT +0.3%)为Welbilt股东进行每股24美元的现金交易。这笔交易的总股本价值为35亿美元，企业价值为48亿美元。预计交易将于2022年初结束，之后Welbilt的股票将不再在纽约证券交易所(NewYorkStocKExchange)交易。.Welbilt还终止了与米德尔比的合并协议.米德+0.9%)，阿里集团代表韦尔比尔特向米德尔比支付了1.1亿美元的解雇费。一天前米德尔比说过不会提高出价阿里集团在其最初的交易中名列前茅。","news_type":1},"isVote":1,"tweetType":1,"viewCount":967,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":144425695,"gmtCreate":1626311266517,"gmtModify":1633928011970,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>Still waiting&nbsp;","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>Still waiting&nbsp;","text":"$Alibaba(09988)$Still waiting","images":[{"img":"https://static.tigerbbs.com/5055dd4e1276188afdbef35e26f55d6d","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/144425695","isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":144105627,"gmtCreate":1626270613769,"gmtModify":1633928436507,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"感觉腾讯会是更受到欢迎的一方，当然，这对其他需要微信流量的电商们来说就不是那么利好了。","listText":"感觉腾讯会是更受到欢迎的一方，当然，这对其他需要微信流量的电商们来说就不是那么利好了。","text":"感觉腾讯会是更受到欢迎的一方，当然，这对其他需要微信流量的电商们来说就不是那么利好了。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144105627","repostId":"1173619517","repostType":2,"isVote":1,"tweetType":1,"viewCount":1162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":142192501,"gmtCreate":1626135526703,"gmtModify":1631884665194,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"Risk 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down.","images":[{"img":"https://static.tigerbbs.com/f1d656b4e6407c74504b3ed0649c4da0","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142974182","isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":368259546,"gmtCreate":1614331695585,"gmtModify":1703476463253,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a>Volatile stock. Plan to average down when it hits $1.00 and below.&nbsp;","listText":"<a href=\"https://laohu8.com/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a>Volatile stock. Plan to average down when it hits $1.00 and below.&nbsp;","text":"$FRENCKEN GROUP LIMITED(E28.SI)$Volatile stock. Plan to average down when it hits $1.00 and below.","images":[{"img":"https://static.tigerbbs.com/3aa45a14cf985c45999b72eed7e6cf24","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":1,"link":"https://laohu8.com/post/368259546","isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":121468881,"gmtCreate":1624489805843,"gmtModify":1631884833013,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Looking better. It’s main customer is Intel but hopefully can expand its customer base in next few years.&nbsp;","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Looking better. It’s main customer is Intel but hopefully can expand its customer base in next few years.&nbsp;","text":"$AEM HOLDINGS LTD(AWX.SI)$Looking better. It’s main customer is Intel but hopefully can expand its customer base in next few years.","images":[{"img":"https://static.tigerbbs.com/0d89fc2f4c1d6361a51934090e478148","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121468881","isVote":1,"tweetType":1,"viewCount":461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":379940925,"gmtCreate":1618661696767,"gmtModify":1631886660076,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OV8.SI\">$SHENG SIONG GROUP LTD(OV8.SI)$</a>Waiting tobuy at even lower price.&nbsp;","listText":"<a href=\"https://laohu8.com/S/OV8.SI\">$SHENG SIONG GROUP LTD(OV8.SI)$</a>Waiting tobuy at even lower price.&nbsp;","text":"$SHENG SIONG GROUP LTD(OV8.SI)$Waiting tobuy at even lower price.","images":[{"img":"https://static.tigerbbs.com/678d58185439d7197e1a13b71a2e992a","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":1,"link":"https://laohu8.com/post/379940925","isVote":1,"tweetType":1,"viewCount":824,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":143673628,"gmtCreate":1625793975364,"gmtModify":1631886256897,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/02318\">$PING AN(02318)$</a>Hahaha","listText":"<a href=\"https://laohu8.com/S/02318\">$PING AN(02318)$</a>Hahaha","text":"$PING AN(02318)$Hahaha","images":[{"img":"https://static.tigerbbs.com/c8056700970fb902165807a17cb010fe","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/143673628","isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":359083690,"gmtCreate":1616300928710,"gmtModify":1631885138773,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Waiting for more clarification from the Mgmt on this year revenue guideline.&nbsp;","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Waiting for more clarification from the Mgmt on this year revenue guideline.&nbsp;","text":"$AEM HOLDINGS LTD(AWX.SI)$Waiting for more clarification from the Mgmt on this year revenue guideline.","images":[{"img":"https://static.tigerbbs.com/6c2ff7bb5ebb7809954a16969d69994a","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":1,"link":"https://laohu8.com/post/359083690","isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":356556731,"gmtCreate":1616801204423,"gmtModify":1634523966090,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"看起来不乐观，需要再多多观察","listText":"看起来不乐观，需要再多多观察","text":"看起来不乐观，需要再多多观察","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/356556731","repostId":"1141686975","repostType":4,"repost":{"id":"1141686975","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616780260,"share":"https://www.laohu8.com/m/news/1141686975?lang=&edition=full","pubTime":"2021-03-27 01:37","market":"us","language":"en","title":"Zhihu Technology fall on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1141686975","media":"Tiger Newspress","summary":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO pri","content":"<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zhihu Technology fall on its first day of trading</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\">\nZhihu Technology fall on its first day of trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\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\">2021-03-27 01:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328159985,"gmtCreate":1615508249947,"gmtModify":1703490109308,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OV8.SI\">$SHENG SIONG GROUP LTD(OV8.SI)$</a>Initiated asmall position. Will accumulate more when the price drops more.&nbsp;","listText":"<a href=\"https://laohu8.com/S/OV8.SI\">$SHENG SIONG GROUP LTD(OV8.SI)$</a>Initiated asmall position. Will accumulate more when the price drops more.&nbsp;","text":"$SHENG SIONG GROUP LTD(OV8.SI)$Initiated asmall position. Will accumulate more when the price drops more.","images":[{"img":"https://static.tigerbbs.com/c564304d3cd842fdb8559dab5d0f5a88","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328159985","isVote":1,"tweetType":1,"viewCount":670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":108138093,"gmtCreate":1620004052812,"gmtModify":1631890138693,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/G07.SI\">$GREAT EASTERN HLDGS LTD(G07.SI)$</a>耐心等待接下来的日子。","listText":"<a href=\"https://laohu8.com/S/G07.SI\">$GREAT EASTERN HLDGS LTD(G07.SI)$</a>耐心等待接下来的日子。","text":"$GREAT EASTERN HLDGS LTD(G07.SI)$耐心等待接下来的日子。","images":[{"img":"https://static.tigerbbs.com/2b31a645f67b82ddee9389d4aa07f38a","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/108138093","isVote":1,"tweetType":1,"viewCount":654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":342377827,"gmtCreate":1618188401969,"gmtModify":1634294572539,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"Good news to China, hope more players can alsoimprove lifestyles of Chinese there too.&nbsp;","listText":"Good news to China, hope more players can alsoimprove lifestyles of Chinese there too.&nbsp;","text":"Good news to China, hope more players can alsoimprove lifestyles of Chinese there too.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/342377827","repostId":"2126105501","repostType":4,"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365654793,"gmtCreate":1614738198112,"gmtModify":1703480492964,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Waiting to average down again. :P","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Waiting to average down again. :P","text":"$AEM HOLDINGS LTD(AWX.SI)$Waiting to average down again. :P","images":[{"img":"https://static.tigerbbs.com/ffc110e08645a887267eff89903119a3","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/365654793","isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":111850581,"gmtCreate":1622676306543,"gmtModify":1634099363549,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"I think this is a good article to share about Alibaba👍","listText":"I think this is a good article to share about Alibaba👍","text":"I think this is a good article to share about Alibaba👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/111850581","repostId":"1138216687","repostType":2,"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199381778,"gmtCreate":1620685885594,"gmtModify":1631884833505,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Just gotta be a long term investor as of now. Hoping for the best,prepare for the worst. :P","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Just gotta be a long term investor as of now. Hoping for the best,prepare for the worst. :P","text":"$AEM HOLDINGS LTD(AWX.SI)$Just gotta be a long term investor as of now. Hoping for the best,prepare for the worst. :P","images":[{"img":"https://static.tigerbbs.com/e937fa56a56c0a2c07f24f409d580a7f","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/199381778","isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":106347078,"gmtCreate":1620090303794,"gmtModify":1631885138382,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Haha, getting closer to my average down price.&nbsp;","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Haha, getting closer to my average down price.&nbsp;","text":"$AEM HOLDINGS LTD(AWX.SI)$Haha, getting closer to my average down price.","images":[{"img":"https://static.tigerbbs.com/2211aa3661dc5f547a3fa54e6d8a7f51","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/106347078","isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":164146453,"gmtCreate":1624185437672,"gmtModify":1634009689757,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>Holding on","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>Holding on","text":"$Alibaba(09988)$Holding on","images":[{"img":"https://static.tigerbbs.com/5960d9686a68e62916d81b35a2e3159d","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/164146453","isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":185222571,"gmtCreate":1623655300893,"gmtModify":1631884833109,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Still waiting&nbsp;","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Still waiting&nbsp;","text":"$AEM HOLDINGS LTD(AWX.SI)$Still waiting","images":[{"img":"https://static.tigerbbs.com/f025b321829390a527fdb1fbb173f7cd","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/185222571","isVote":1,"tweetType":1,"viewCount":93,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":116980423,"gmtCreate":1622769720362,"gmtModify":1634098207283,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"Pretty cool, indirect way of forcing people to be in philanthropy.","listText":"Pretty cool, indirect way of forcing people to be in philanthropy.","text":"Pretty cool, indirect way of forcing people to be in philanthropy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/116980423","repostId":"1106261871","repostType":4,"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119628347,"gmtCreate":1622543742889,"gmtModify":1634100654027,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"I like cloud businesses.&nbsp;","listText":"I like cloud businesses.&nbsp;","text":"I like cloud businesses.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/119628347","repostId":"1149617351","repostType":4,"repost":{"id":"1149617351","pubTimestamp":1622541523,"share":"https://www.laohu8.com/m/news/1149617351?lang=&edition=full","pubTime":"2021-06-01 17:58","market":"us","language":"en","title":"Alphabet Stock: Cloud Business Is Not Priced In","url":"https://stock-news.laohu8.com/highlight/detail?id=1149617351","media":"seekingalpha","summary":"Summary\n\nAlphabet Q1 2021 results show that it's back on its front foot.\nAlphabet's Cloud opportunit","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alphabet Q1 2021 results show that it's back on its front foot.</li>\n <li>Alphabet's Cloud opportunity is compelling and growing substantially faster than investors realize.</li>\n <li>Alphabet is priced at 32x trailing free cash flow, making it one of the cheapest tech stocks around.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/109234720a359e69ad5ff5a3bf82a35e\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by 400tmax/iStock Unreleased via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Alphabet's(NASDAQ:GOOG)(NASDAQ:GOOGL)Cloud business is growing faster than investors realize. I argue that Alphabet's Cloud business is compelling while at the same time contending that it's growing faster than many appreciate.</p>\n<p>Meanwhile, that Alphabet's stock is probably one of the cheapest investing opportunities in tech right now at just 32x trailing free cash flow. Note: not sales but clean free cash flow.</p>\n<p><b>Digging Into Future Revenue Drivers</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a6e955648e7aa69f99752ec4e9b2b869\" tg-width=\"1235\" tg-height=\"559\"><span>Source: author'swork</span></p>\n<p>As we can above, Alphabet's Q1 2021 results were particularly strong. Even if consider that Q1 2020 was delivered lackluster growth as COVID fully disrupted the advertising sector, we can see above that momentum has returned to Alphabet.</p>\n<p>Having said all that, one aspect that I don't believe investors are paying sufficient attention to is Alphabet's Cloud prospects. Google Cloud's business is now roughly 67% the size of Alphabet's YouTube. Moreover, this business is now worth 7% of Alphabet's total business and growing rapidly.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65cb2c889dcde622664e3283d73d1283\" tg-width=\"640\" tg-height=\"251\"><span>Source: InvestorPresentation</span></p>\n<p>The point to emphasize is that Alphabet's Cloud prospects are much bigger than investors are pricing in right now. And equally important, there's<i>no evidence</i>that Alphabet's Cloud prospects had a one-off benefit during COVID that brought about a digital acceleration and that its momentum has now tapered off.</p>\n<p>On the contrary, the number of customers that are expanding their footprint with Google Cloud continues to increase as customers require cloud-native, multi-cloud technology.</p>\n<p>And this is a tailwind that isn't going to fizzle out any time soon. In other words, investors are<i>not falling for an unsubstantiated ''story'' stock</i>. There's tangible momentum that is clearly resonating with customers:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0682924e4f901b4ab3c7d9833df80668\" tg-width=\"640\" tg-height=\"329\"><span>Source: Investor Presentation</span></p>\n<p>Furthermore, despite being a fraction of the size of Amazon's AWS (AMZN) Google Cloud clearly delivers a very high return on investment for enterprises.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02f6af749380679b969336a59dc37c9d\" tg-width=\"640\" tg-height=\"143\"><span>Source: Investor Presentation</span></p>\n<p>Having said all that, investors may be right to question given all the momentum in Google Cloud, why is this segment<i>still incurring heavy losses</i>?</p>\n<p>Alphabet's Q1 2021 results reported approximately $1 billion in losses. On the other hand, let's keep in mind that Amazon's AWS grew approximately 32% y/y during Q1 2021, whereas Alphabet's Cloud segment was up 46% y/y.</p>\n<p>Any time that Alphabet's Cloud can outgrow AWS by 1,400 basis points during a single quarter, it should absolutely do whatever it takes to onboard more customers and gain market share.</p>\n<p>The sole focus of Google Cloud should be to get enterprises to sign up and migrate onto its platform. Firstly, because this customer is going to be incredibly sticky as very few enterprises would churn out from their cloud platform. And secondly, over time, Alphabet can work on selling more products to enterprises and increasing its contract value with customers.</p>\n<p>In essence, the point to impress on readers is that when many investors try to value Alphabet a put lot of energy on Alphabet for its monopoly-like Search business and YouTube, but investors aren't paying sufficient attention to its Cloud business.</p>\n<p><b>Valuation - Still More Upside Potential</b></p>\n<p>Amazon is an amazing company. And many investors agree that a substantial portion of its market cap's value is derived from its cloud business. Hence, keep in mind the following facts. Both of these enterprises are traded at approximately $1.6 trillion.</p>\n<p>Meanwhile, Amazon's free cash flow margins over its trailing twelve months reached 5% versus Alphabet's free cash flow for the same period reaching 26%.</p>\n<p>What's more, Alphabet's Cloud business is evidently growing faster than Amazon's AWS and taking market share as it embraces this growing total addressable market. Furthermore, despite clocking up several billions of revenues during a single quarter, it's evidently<i>notbenefitting</i>from the law of small numbers.</p>\n<p>If we acknowledge that Alphabet's Cloud business was the slowest off the running block amongst all the tech giants, Alphabet Cloud has still managed to come from behind and show that first player advantage means very little in tech.</p>\n<p>Finally, right now in tech, there aren't too many companies still being valued at 32x trailing free cash flow. There are plenty of unprofitable companies being valued at 32x forward sales, but few as free cash flow generative as Alphabet, still being priced as cheaply as Alphabet, while having several diverse monopoly-like businesses.</p>\n<p><b>The Bottom Line</b></p>\n<p>Alphabet continues to steadily climb its revenues and shows no sign of meaningfully slowing down below 20% CAGR any time soon.</p>\n<p>Alphabet is well known for Search and YouTube, however, I make the case that very little weight is afforded towards Alphabet's Cloud business. Accordingly, that's why paying 32x trailing free cash flow this stock is cheaply valued and should be put on anyone's watchlist.</p>\n<p>Readers may question why the author doesn't hold any position here, given his bullish stance. That's because I find better opportunities amidst<i>small-cap stocks.</i></p>","source":"seekingalpha","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>Alphabet Stock: Cloud Business Is Not Priced In</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\">\nAlphabet Stock: Cloud Business Is Not Priced In\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 17:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432337-alphabet-fast-growing-cloud-business-and-cheap-stock><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlphabet Q1 2021 results show that it's back on its front foot.\nAlphabet's Cloud opportunity is compelling and growing substantially faster than investors realize.\nAlphabet is priced at 32x ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432337-alphabet-fast-growing-cloud-business-and-cheap-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4432337-alphabet-fast-growing-cloud-business-and-cheap-stock","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1149617351","content_text":"Summary\n\nAlphabet Q1 2021 results show that it's back on its front foot.\nAlphabet's Cloud opportunity is compelling and growing substantially faster than investors realize.\nAlphabet is priced at 32x trailing free cash flow, making it one of the cheapest tech stocks around.\n\nPhoto by 400tmax/iStock Unreleased via Getty Images\nInvestment Thesis\nAlphabet's(NASDAQ:GOOG)(NASDAQ:GOOGL)Cloud business is growing faster than investors realize. I argue that Alphabet's Cloud business is compelling while at the same time contending that it's growing faster than many appreciate.\nMeanwhile, that Alphabet's stock is probably one of the cheapest investing opportunities in tech right now at just 32x trailing free cash flow. Note: not sales but clean free cash flow.\nDigging Into Future Revenue Drivers\nSource: author'swork\nAs we can above, Alphabet's Q1 2021 results were particularly strong. Even if consider that Q1 2020 was delivered lackluster growth as COVID fully disrupted the advertising sector, we can see above that momentum has returned to Alphabet.\nHaving said all that, one aspect that I don't believe investors are paying sufficient attention to is Alphabet's Cloud prospects. Google Cloud's business is now roughly 67% the size of Alphabet's YouTube. Moreover, this business is now worth 7% of Alphabet's total business and growing rapidly.\nSource: InvestorPresentation\nThe point to emphasize is that Alphabet's Cloud prospects are much bigger than investors are pricing in right now. And equally important, there'sno evidencethat Alphabet's Cloud prospects had a one-off benefit during COVID that brought about a digital acceleration and that its momentum has now tapered off.\nOn the contrary, the number of customers that are expanding their footprint with Google Cloud continues to increase as customers require cloud-native, multi-cloud technology.\nAnd this is a tailwind that isn't going to fizzle out any time soon. In other words, investors arenot falling for an unsubstantiated ''story'' stock. There's tangible momentum that is clearly resonating with customers:\nSource: Investor Presentation\nFurthermore, despite being a fraction of the size of Amazon's AWS (AMZN) Google Cloud clearly delivers a very high return on investment for enterprises.\nSource: Investor Presentation\nHaving said all that, investors may be right to question given all the momentum in Google Cloud, why is this segmentstill incurring heavy losses?\nAlphabet's Q1 2021 results reported approximately $1 billion in losses. On the other hand, let's keep in mind that Amazon's AWS grew approximately 32% y/y during Q1 2021, whereas Alphabet's Cloud segment was up 46% y/y.\nAny time that Alphabet's Cloud can outgrow AWS by 1,400 basis points during a single quarter, it should absolutely do whatever it takes to onboard more customers and gain market share.\nThe sole focus of Google Cloud should be to get enterprises to sign up and migrate onto its platform. Firstly, because this customer is going to be incredibly sticky as very few enterprises would churn out from their cloud platform. And secondly, over time, Alphabet can work on selling more products to enterprises and increasing its contract value with customers.\nIn essence, the point to impress on readers is that when many investors try to value Alphabet a put lot of energy on Alphabet for its monopoly-like Search business and YouTube, but investors aren't paying sufficient attention to its Cloud business.\nValuation - Still More Upside Potential\nAmazon is an amazing company. And many investors agree that a substantial portion of its market cap's value is derived from its cloud business. Hence, keep in mind the following facts. Both of these enterprises are traded at approximately $1.6 trillion.\nMeanwhile, Amazon's free cash flow margins over its trailing twelve months reached 5% versus Alphabet's free cash flow for the same period reaching 26%.\nWhat's more, Alphabet's Cloud business is evidently growing faster than Amazon's AWS and taking market share as it embraces this growing total addressable market. Furthermore, despite clocking up several billions of revenues during a single quarter, it's evidentlynotbenefittingfrom the law of small numbers.\nIf we acknowledge that Alphabet's Cloud business was the slowest off the running block amongst all the tech giants, Alphabet Cloud has still managed to come from behind and show that first player advantage means very little in tech.\nFinally, right now in tech, there aren't too many companies still being valued at 32x trailing free cash flow. There are plenty of unprofitable companies being valued at 32x forward sales, but few as free cash flow generative as Alphabet, still being priced as cheaply as Alphabet, while having several diverse monopoly-like businesses.\nThe Bottom Line\nAlphabet continues to steadily climb its revenues and shows no sign of meaningfully slowing down below 20% CAGR any time soon.\nAlphabet is well known for Search and YouTube, however, I make the case that very little weight is afforded towards Alphabet's Cloud business. Accordingly, that's why paying 32x trailing free cash flow this stock is cheaply valued and should be put on anyone's watchlist.\nReaders may question why the author doesn't hold any position here, given his bullish stance. That's because I find better opportunities amidstsmall-cap stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345933038,"gmtCreate":1618271400324,"gmtModify":1634294077455,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/00700\">$TENCENT(00700)$</a>未来几个月应该会出现波动，主因在于中国缩紧经济，打压科技龙头垄断市场，改革个人数据分享，大股东减持等等等。但是，长期看好中国经济和科技发展。","listText":"<a href=\"https://laohu8.com/S/00700\">$TENCENT(00700)$</a>未来几个月应该会出现波动，主因在于中国缩紧经济，打压科技龙头垄断市场，改革个人数据分享，大股东减持等等等。但是，长期看好中国经济和科技发展。","text":"$TENCENT(00700)$未来几个月应该会出现波动，主因在于中国缩紧经济，打压科技龙头垄断市场，改革个人数据分享，大股东减持等等等。但是，长期看好中国经济和科技发展。","images":[{"img":"https://static.tigerbbs.com/00050b4b6bb139547342fe5f3b88639c","width":"750","height":"1953"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/345933038","isVote":1,"tweetType":1,"viewCount":767,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":346433880,"gmtCreate":1618100377040,"gmtModify":1631885138607,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Largely depend on Intel, so I think it has a good prospect. But gotta remember the high volatility in this stock.&nbsp;","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>Largely depend on Intel, so I think it has a good prospect. But gotta remember the high volatility in this stock.&nbsp;","text":"$AEM HOLDINGS LTD(AWX.SI)$Largely depend on Intel, so I think it has a good prospect. But gotta remember the high volatility in this stock.","images":[{"img":"https://static.tigerbbs.com/e3db951deea70716bd9b87a3313cf62d","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346433880","isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343797082,"gmtCreate":1617754397746,"gmtModify":1631885138625,"author":{"id":"3554323022733956","authorId":"3554323022733956","authorIdStr":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3554323022733956"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>耐心等待公司继续成长的长期获利。","listText":"<a href=\"https://laohu8.com/S/AWX.SI\">$AEM HOLDINGS LTD(AWX.SI)$</a>耐心等待公司继续成长的长期获利。","text":"$AEM HOLDINGS LTD(AWX.SI)$耐心等待公司继续成长的长期获利。","images":[{"img":"https://static.tigerbbs.com/c4990a9efb75a796cfb169c54e68ecc7","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/343797082","isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"lives":[]}