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2021-08-06

Well done !!!

抱歉，原内容已删除

2021-08-06

Good.

Airline shares, Carnival stocks rally in morning trading

2021-08-06

Pls help to like .. nice

抱歉，原内容已删除

2021-05-19

That is great !

China's JD.com posts 39% rise in quarterly revenue

2021-05-19

Yap it's GG down.

Crypto Tumble Wipes $600 Billion Off Digital Tokens in a Week

2021-05-13

Wow that's alot...

Hong Kong stocks track fall in other Asian markets

2021-05-13

Nice !

@美股研究社:阿里巴巴旗下天猫淘宝海外宣布战略升级，今年全年将助力10万国货新商家加速出海

2021-05-08

Nice nice

US IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO week

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Analysts on average had expected revenue of 191.83 billion yuan, according to IBES data from Refinitiv.</p><p><img src=\"https://static.tigerbbs.com/fab4616b9116f62104b847dce7bfaa81\" tg-width=\"889\" tg-height=\"734\" referrerpolicy=\"no-referrer\"></p><p>The shares of JD.com jumped more than 1% from a drop in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/87d85727ae695bdaa5e19dd608c93902\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><b>First Quarter 2021 Highlights</b></p><ul><li><b>Net revenues</b>&nbsp;for the first quarter of 2021 were&nbsp;RMB203.2 billion(US$131.0 billion), an increase of 39.0% from the first quarter of 2020. Net service revenues for the first quarter of 2021 were&nbsp;RMB27.9 billion(US$4.3 billion), an increase of 73.1% from the first quarter of 2020.</li><li><b>Income from operations</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year.<b>Non-GAAP2income from operations</b>&nbsp;for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared toRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7%<b>3</b>for the first quarter of 2020.</li><li><b>Net income</b>&nbsp;<b>attributable to ordinary shareholders</b>&nbsp;for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year.<b>Non-GAAP net income</b>&nbsp;<b>attributable to ordinary shareholders</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB4.0 billion(US$0.6 billion), compared to&nbsp;RMB3.0 billionfor the same period last year.</li><li><b>Diluted net income per ADS</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020.<b>Non-GAAP diluted net income per ADS</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB2.47(US$0.38), compared toRMB1.98for the same period last year.</li><li><b>Annual active customer accounts4</b>&nbsp;increased by 29.0% to 499.8 million in the twelve months ended&nbsp;March 31, 2021from 387.4 million in the twelve months endedMarch 31, 2020.</li></ul><p>“As we mark JD.com’s 18th anniversary, we are pleased to deliver another strong quarter of growth to kick off 2021,” saidRichard Liu, Chairman and Chief Executive Officer ofJD.com. “Since our establishment, JD’s focus on customers has set us apart and today we are proud that 500 million active users rely on JD’s broad selection of quality products and best-in-class customer services to support every aspect of their lives. JD is also increasingly the partner of choice for millions of businesses who benefit from our advanced supply-chain infrastructure to reduce costs and boost operating efficiency.”</p><p>“As our strong growth momentum from last year continued into the first quarter of 2021, we are also encouraged by the diversification of our revenue streams with an increasing contribution from service revenues.” saidSandy Xu, Chief Financial Officer ofJD.com. “JD Retail’s operating margin further expanded during the quarter, as we continue to drive stronger operating leverage through technology and innovation.”</p><p><b><i>Business Highlights</i></b></p><p><b>Environment, Social and Governance</b></p><ul><li>JD.comreleased its first ESG report onApril 19thhighlighting the company’s long-term approach to ESG initiatives and corporate social responsibility. The report details JD.com’s vision of leveraging the digital supply chain to boost the real economy, improve efficiency and enhance environmentally friendly initiatives including green supply chain, green data centers and poverty alleviation.</li><li>As part of its commitment to poverty alleviation,JD.comhelped impoverished counties to market more than 3 million local commodities online.JD.comwill focus on rural digitalization to promote the sustainable development of rural areas in the future. With over 80% ofJD.comfront-line employees originally from rural areas,JD.comprovides sustainable employment opportunities and social insurance and housing fund for hundreds of thousands of employees throughout ruralChina.</li></ul><p><b>JD Retail</b></p><ul><li>JD.comandLouis Vuittonlaunched an innovative cooperation in April. The ground-breaking cooperation model connectsLouis Vuittondirectly with JD.com’s high-quality customers, providing them with access to the brand while further enhancing the luxury shopping experience onJD.com.</li><li>In the first quarter,JD.comhas started new partnerships with a wide spectrum of&nbsp;luxury brands.John Lobb, the luxury shoes and boots brand under Hermès Group, recently launched flagship stores onJD.com. Some brands went further to partner withJD.comin supply chain services. Italian brand Marni not only launched a flagship store onJD.com, but also adopted a customized one-stop solution offered byJD.com, covering marketing, technology, and supply chain management. With this service, customers can purchase directly from Marni’s inventory with the products delivered by JD Logistics.</li><li>In response to local authorities’ appeals to limit travel during this year’s Spring Festival, JD Retail collaborated with JD Logistics to provide non-stop delivery during Spring Festival for the ninth consecutive year and launched a series of initiatives for the JD New Year Shopping Festival. JD City-wide Shopping collaborated with JD Daojia (JDDJ) to coordinate inventory, logistics and employee resources in order to provide uninterrupted services during the Spring Festival holiday. Through cooperation with well-known chain retailers,JD.comprovided residents in more than 1,400 counties, districts and cities across the country with one-hour delivery service for products across all categories.JD.comalso upgraded the hassle-free shopping experience on its third-party platform, offering delivery time and price guarantees, free pickup for returns, as well as flash refunds.</li><li>During the first quarter, JD Home entered into strategic cooperation with Honor, Xiaomi, OPPO,OnePlus, realme, and other cellphone brands to collaborate on innovative omni-channel marketing initiatives, including in retail chain stores. JD Home has already achieved National Key Account (NKA) status with many major cellphone brands, supporting their omni-channel retail channels and the offline shopping experience. JD Home provides brands with additional channels to connect with customers and accelerate growth through omni-channel sales, user services, and event marketing.</li><li>JD.com’s recent announcement that it will increase its stake inDada Group(Dada) marks a tighter collaboration under the omni-channel strategy. Dada will have the full support ofJD.comand strategically&nbsp;undertake JD’s local on-demand retail and delivery businesses. Through this alignment,JD.comand Dada will be able to provide JD.com’s nearly 500 million annual active customers with superior customer services and enriched coverage in on-demand retail and delivery, and will accelerate the digital transformation of real economy enterprises.</li></ul><p><b>JD Health</b></p><ul><li>In February, JD Health announced the launch of theRare Diseases Care Project, under which it establishedJD Pharmacy Rare Diseases Care Centerand a dedicated fund for patients with rare diseases. In collaboration with partners from all relevant fields, the Project leverages JD Health’s supply chain capabilities and comprehensive healthcare offerings to create a one-stop solution for rare disease patients inChinaproviding financial assistance as well as ongoing support for diagnosis, treatment and access to medication.</li></ul><p><b>JD Logistics</b></p><ul><li>OnApril 17, JD Logistics andTencentSmart Retail jointly announced the launch ofJD-Tencent Cloud Warehouse. Integrated with JD Logistics cloud warehouse technologies, logistics platform and supply chain capabilities, as well asTencentSmart Retail's smart retailing analysis technology,JD-Tencent Cloud Warehouseprovides integrated solutions including business leads, branding and marketing as well as logistics services to merchants and warehousing companies, supporting areas including private traffic operations, traffic promotions, supply chains and logistics. Following its launch in 2017 to serve third-party warehouses and merchants,JD Cloud Warehousecan now leverage this partnership to serve new business models including social and live-streaming e-commerce, further opening JD Logistics’s integrated supply chain capabilities for diverse commercial use cases.</li><li>As ofMarch 31, 2021, JD Logistics operated over 1,000 warehouses, which covered an aggregate gross floor area of over 21 million square meters, including warehouse space of cloud warehouses managed under the JD Logistics Open Warehouse Platform.</li></ul><p><b>Other Highlights</b></p><ul><li>In May,Jingdong Digits Technology Holding Co., Ltd.(“JD Digits”) was officially renamed asJingdong Technology Holding Co., Ltd.(“JD Technology”). During the quarter endedMarch 31, 2021,JD.com, through a subsidiary, transferred JD Cloud &amp; AI business and certain assets to JD Technology, in exchange for issuance of ordinary shares of JD Technology. Through this transaction, JD.com’s equity interest in JD Technology increased to approximately 42%. The company deconsolidated the operating results of JD Cloud &amp; AI business upon the completion date of the transaction, which wasMarch 31, 2021.JD.comwill continue to focus on its core competences and synergistic businesses to better serve customers, and JD Technology will be better positioned to deliver a suite of cutting-edge technology services to its business partners.</li></ul><p><b>Operational Metrics Update</b></p><ul><li>As ofMarch 31, 2021,JD.comhad over 310,000 employees excluding part-time and interns.</li></ul><p><b>First Quarter 2021 Financial Results</b></p><p><b><i>Net Revenues.</i></b>&nbsp;&nbsp; For the first quarter of 2021,JD.comreported net revenues ofRMB203.2 billion(US$31.0 billion), representing a 39.0% increase from the same period in 2020. Net product revenues increased by 34.7%, while net service revenues increased by 73.1% for the first quarter of 2021, as compared to the same period of 2020.</p><p><b><i>Cost of Revenues</i></b><b>.</b>Cost of revenues increased by 40.7% toRMB174.1 billion(US$26.6 billion) for the first quarter of 2021 fromRMB123.7 billionfor the first quarter of 2020.</p><p><b><i>Fulfillment Expenses</i></b><b>.</b>Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 32.7% toRMB13.8 billion(US$2.1 billion) for the first quarter of 2021 fromRMB10.4 billionfor the first quarter of 2020.</p><p><b><i>Marketing Expenses</i></b><b>.</b>Marketing expenses increased by 56.6% toRMB7.0 billion(US$1.1 billion) for the first quarter of 2021 fromRMB4.5 billionfor the first quarter of 2020.</p><p><b><i>Research and Development Expenses</i></b><b>.</b>Research and development expenses increased by 15.1% toRMB4.5 billion(US$0.7 billion) for the first quarter of 2021 fromRMB3.9 billionfor the first quarter of 2020.</p><p><b><i>General and Administrative Expenses</i></b><b>.</b>&nbsp;&nbsp; General and administrative expenses increased by 56.8% toRMB2.2 billion(US$0.3 billion) for the first quarter of 2021 fromRMB1.4 billionfor the first quarter of 2020. The increase was primarily due to the increase in share-based compensation expenses in relation to JD Health’s and JD Logistics’s share incentive plans.</p><p><b><i>Income from Operations and Non-GAAP Income from Operations.</i></b>Income from operations for the first quarter of 2021 wasRMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year. Non-GAAP income from operations for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared to non-GAAP income from operations ofRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7% for the first quarter of 2020.</p><p><b><i>Non-GAAP EBITDA</i></b>for the first quarter of 2021 wasRMB4.9 billion(US$0.8 billion), compared toRMB4.5 billionfor the first quarter of 2020.</p><p><b><i>Share of Results of Equity Investees.</i></b>&nbsp;&nbsp; In the first quarter of 2021, share of results of equity investees was an income ofRMB0.7 billion(US$0.1 billion), which was mainly contributed by JD Technology. In the first quarter of 2020, share of results of equity investees was a loss ofRMB1.1 billion, which was mainly resulted fromJiangsu Five Star, Dada and Yixin.</p><p><b><i>Net Income</i></b>&nbsp;<b><i>Attributable to Ordinary Shareholdersand Non-GAAP Net IncomeAttributable to Ordinary Shareholders.</i></b>Net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year. Non-GAAP net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB4.0 billion(US$0.6 billion), compared toRMB3.0 billionfor the same period last year.</p><p><b><i>Diluted EPS and Non-GAAP Diluted EPS.</i></b>Diluted net income per ADS for the first quarter of 2021 wasRMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020. Non-GAAP diluted net income per ADS for the first quarter of 2021 wasRMB2.47(US$0.38), compared toRMB1.98for the first quarter of 2020.</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>China's JD.com posts 39% rise in quarterly revenue</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\">\nChina's JD.com posts 39% rise in quarterly revenue\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\">2021-05-19 18:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Chinese e-commerce platform JD.com Inc&nbsp;reported a 39% rise in quarterly revenue on Wednesday, aided by an expanded product line-up that helped lure in more users.</p><p>Net revenue at JD.com, China's largest e-commerce company by revenue, rose to 203.2 billion yuan ($31.57 billion) in the quarter ended March 31 from 146.2 billion yuan a year earlier. Analysts on average had expected revenue of 191.83 billion yuan, according to IBES data from Refinitiv.</p><p><img src=\"https://static.tigerbbs.com/fab4616b9116f62104b847dce7bfaa81\" tg-width=\"889\" tg-height=\"734\" referrerpolicy=\"no-referrer\"></p><p>The shares of JD.com jumped more than 1% from a drop in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/87d85727ae695bdaa5e19dd608c93902\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><b>First Quarter 2021 Highlights</b></p><ul><li><b>Net revenues</b>&nbsp;for the first quarter of 2021 were&nbsp;RMB203.2 billion(US$131.0 billion), an increase of 39.0% from the first quarter of 2020. Net service revenues for the first quarter of 2021 were&nbsp;RMB27.9 billion(US$4.3 billion), an increase of 73.1% from the first quarter of 2020.</li><li><b>Income from operations</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year.<b>Non-GAAP2income from operations</b>&nbsp;for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared toRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7%<b>3</b>for the first quarter of 2020.</li><li><b>Net income</b>&nbsp;<b>attributable to ordinary shareholders</b>&nbsp;for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year.<b>Non-GAAP net income</b>&nbsp;<b>attributable to ordinary shareholders</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB4.0 billion(US$0.6 billion), compared to&nbsp;RMB3.0 billionfor the same period last year.</li><li><b>Diluted net income per ADS</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020.<b>Non-GAAP diluted net income per ADS</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB2.47(US$0.38), compared toRMB1.98for the same period last year.</li><li><b>Annual active customer accounts4</b>&nbsp;increased by 29.0% to 499.8 million in the twelve months ended&nbsp;March 31, 2021from 387.4 million in the twelve months endedMarch 31, 2020.</li></ul><p>“As we mark JD.com’s 18th anniversary, we are pleased to deliver another strong quarter of growth to kick off 2021,” saidRichard Liu, Chairman and Chief Executive Officer ofJD.com. “Since our establishment, JD’s focus on customers has set us apart and today we are proud that 500 million active users rely on JD’s broad selection of quality products and best-in-class customer services to support every aspect of their lives. JD is also increasingly the partner of choice for millions of businesses who benefit from our advanced supply-chain infrastructure to reduce costs and boost operating efficiency.”</p><p>“As our strong growth momentum from last year continued into the first quarter of 2021, we are also encouraged by the diversification of our revenue streams with an increasing contribution from service revenues.” saidSandy Xu, Chief Financial Officer ofJD.com. “JD Retail’s operating margin further expanded during the quarter, as we continue to drive stronger operating leverage through technology and innovation.”</p><p><b><i>Business Highlights</i></b></p><p><b>Environment, Social and Governance</b></p><ul><li>JD.comreleased its first ESG report onApril 19thhighlighting the company’s long-term approach to ESG initiatives and corporate social responsibility. The report details JD.com’s vision of leveraging the digital supply chain to boost the real economy, improve efficiency and enhance environmentally friendly initiatives including green supply chain, green data centers and poverty alleviation.</li><li>As part of its commitment to poverty alleviation,JD.comhelped impoverished counties to market more than 3 million local commodities online.JD.comwill focus on rural digitalization to promote the sustainable development of rural areas in the future. With over 80% ofJD.comfront-line employees originally from rural areas,JD.comprovides sustainable employment opportunities and social insurance and housing fund for hundreds of thousands of employees throughout ruralChina.</li></ul><p><b>JD Retail</b></p><ul><li>JD.comandLouis Vuittonlaunched an innovative cooperation in April. The ground-breaking cooperation model connectsLouis Vuittondirectly with JD.com’s high-quality customers, providing them with access to the brand while further enhancing the luxury shopping experience onJD.com.</li><li>In the first quarter,JD.comhas started new partnerships with a wide spectrum of&nbsp;luxury brands.John Lobb, the luxury shoes and boots brand under Hermès Group, recently launched flagship stores onJD.com. Some brands went further to partner withJD.comin supply chain services. Italian brand Marni not only launched a flagship store onJD.com, but also adopted a customized one-stop solution offered byJD.com, covering marketing, technology, and supply chain management. With this service, customers can purchase directly from Marni’s inventory with the products delivered by JD Logistics.</li><li>In response to local authorities’ appeals to limit travel during this year’s Spring Festival, JD Retail collaborated with JD Logistics to provide non-stop delivery during Spring Festival for the ninth consecutive year and launched a series of initiatives for the JD New Year Shopping Festival. JD City-wide Shopping collaborated with JD Daojia (JDDJ) to coordinate inventory, logistics and employee resources in order to provide uninterrupted services during the Spring Festival holiday. Through cooperation with well-known chain retailers,JD.comprovided residents in more than 1,400 counties, districts and cities across the country with one-hour delivery service for products across all categories.JD.comalso upgraded the hassle-free shopping experience on its third-party platform, offering delivery time and price guarantees, free pickup for returns, as well as flash refunds.</li><li>During the first quarter, JD Home entered into strategic cooperation with Honor, Xiaomi, OPPO,OnePlus, realme, and other cellphone brands to collaborate on innovative omni-channel marketing initiatives, including in retail chain stores. JD Home has already achieved National Key Account (NKA) status with many major cellphone brands, supporting their omni-channel retail channels and the offline shopping experience. JD Home provides brands with additional channels to connect with customers and accelerate growth through omni-channel sales, user services, and event marketing.</li><li>JD.com’s recent announcement that it will increase its stake inDada Group(Dada) marks a tighter collaboration under the omni-channel strategy. Dada will have the full support ofJD.comand strategically&nbsp;undertake JD’s local on-demand retail and delivery businesses. Through this alignment,JD.comand Dada will be able to provide JD.com’s nearly 500 million annual active customers with superior customer services and enriched coverage in on-demand retail and delivery, and will accelerate the digital transformation of real economy enterprises.</li></ul><p><b>JD Health</b></p><ul><li>In February, JD Health announced the launch of theRare Diseases Care Project, under which it establishedJD Pharmacy Rare Diseases Care Centerand a dedicated fund for patients with rare diseases. In collaboration with partners from all relevant fields, the Project leverages JD Health’s supply chain capabilities and comprehensive healthcare offerings to create a one-stop solution for rare disease patients inChinaproviding financial assistance as well as ongoing support for diagnosis, treatment and access to medication.</li></ul><p><b>JD Logistics</b></p><ul><li>OnApril 17, JD Logistics andTencentSmart Retail jointly announced the launch ofJD-Tencent Cloud Warehouse. Integrated with JD Logistics cloud warehouse technologies, logistics platform and supply chain capabilities, as well asTencentSmart Retail's smart retailing analysis technology,JD-Tencent Cloud Warehouseprovides integrated solutions including business leads, branding and marketing as well as logistics services to merchants and warehousing companies, supporting areas including private traffic operations, traffic promotions, supply chains and logistics. Following its launch in 2017 to serve third-party warehouses and merchants,JD Cloud Warehousecan now leverage this partnership to serve new business models including social and live-streaming e-commerce, further opening JD Logistics’s integrated supply chain capabilities for diverse commercial use cases.</li><li>As ofMarch 31, 2021, JD Logistics operated over 1,000 warehouses, which covered an aggregate gross floor area of over 21 million square meters, including warehouse space of cloud warehouses managed under the JD Logistics Open Warehouse Platform.</li></ul><p><b>Other Highlights</b></p><ul><li>In May,Jingdong Digits Technology Holding Co., Ltd.(“JD Digits”) was officially renamed asJingdong Technology Holding Co., Ltd.(“JD Technology”). During the quarter endedMarch 31, 2021,JD.com, through a subsidiary, transferred JD Cloud &amp; AI business and certain assets to JD Technology, in exchange for issuance of ordinary shares of JD Technology. Through this transaction, JD.com’s equity interest in JD Technology increased to approximately 42%. The company deconsolidated the operating results of JD Cloud &amp; AI business upon the completion date of the transaction, which wasMarch 31, 2021.JD.comwill continue to focus on its core competences and synergistic businesses to better serve customers, and JD Technology will be better positioned to deliver a suite of cutting-edge technology services to its business partners.</li></ul><p><b>Operational Metrics Update</b></p><ul><li>As ofMarch 31, 2021,JD.comhad over 310,000 employees excluding part-time and interns.</li></ul><p><b>First Quarter 2021 Financial Results</b></p><p><b><i>Net Revenues.</i></b>&nbsp;&nbsp; For the first quarter of 2021,JD.comreported net revenues ofRMB203.2 billion(US$31.0 billion), representing a 39.0% increase from the same period in 2020. Net product revenues increased by 34.7%, while net service revenues increased by 73.1% for the first quarter of 2021, as compared to the same period of 2020.</p><p><b><i>Cost of Revenues</i></b><b>.</b>Cost of revenues increased by 40.7% toRMB174.1 billion(US$26.6 billion) for the first quarter of 2021 fromRMB123.7 billionfor the first quarter of 2020.</p><p><b><i>Fulfillment Expenses</i></b><b>.</b>Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 32.7% toRMB13.8 billion(US$2.1 billion) for the first quarter of 2021 fromRMB10.4 billionfor the first quarter of 2020.</p><p><b><i>Marketing Expenses</i></b><b>.</b>Marketing expenses increased by 56.6% toRMB7.0 billion(US$1.1 billion) for the first quarter of 2021 fromRMB4.5 billionfor the first quarter of 2020.</p><p><b><i>Research and Development Expenses</i></b><b>.</b>Research and development expenses increased by 15.1% toRMB4.5 billion(US$0.7 billion) for the first quarter of 2021 fromRMB3.9 billionfor the first quarter of 2020.</p><p><b><i>General and Administrative Expenses</i></b><b>.</b>&nbsp;&nbsp; General and administrative expenses increased by 56.8% toRMB2.2 billion(US$0.3 billion) for the first quarter of 2021 fromRMB1.4 billionfor the first quarter of 2020. The increase was primarily due to the increase in share-based compensation expenses in relation to JD Health’s and JD Logistics’s share incentive plans.</p><p><b><i>Income from Operations and Non-GAAP Income from Operations.</i></b>Income from operations for the first quarter of 2021 wasRMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year. Non-GAAP income from operations for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared to non-GAAP income from operations ofRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7% for the first quarter of 2020.</p><p><b><i>Non-GAAP EBITDA</i></b>for the first quarter of 2021 wasRMB4.9 billion(US$0.8 billion), compared toRMB4.5 billionfor the first quarter of 2020.</p><p><b><i>Share of Results of Equity Investees.</i></b>&nbsp;&nbsp; In the first quarter of 2021, share of results of equity investees was an income ofRMB0.7 billion(US$0.1 billion), which was mainly contributed by JD Technology. In the first quarter of 2020, share of results of equity investees was a loss ofRMB1.1 billion, which was mainly resulted fromJiangsu Five Star, Dada and Yixin.</p><p><b><i>Net Income</i></b>&nbsp;<b><i>Attributable to Ordinary Shareholdersand Non-GAAP Net IncomeAttributable to Ordinary Shareholders.</i></b>Net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year. Non-GAAP net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB4.0 billion(US$0.6 billion), compared toRMB3.0 billionfor the same period last year.</p><p><b><i>Diluted EPS and Non-GAAP Diluted EPS.</i></b>Diluted net income per ADS for the first quarter of 2021 wasRMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020. Non-GAAP diluted net income per ADS for the first quarter of 2021 wasRMB2.47(US$0.38), compared toRMB1.98for the first quarter of 2020.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","09618":"京东集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136116599","content_text":"Chinese e-commerce platform JD.com Inc reported a 39% rise in quarterly revenue on Wednesday, aided by an expanded product line-up that helped lure in more users.Net revenue at JD.com, China's largest e-commerce company by revenue, rose to 203.2 billion yuan ($31.57 billion) in the quarter ended March 31 from 146.2 billion yuan a year earlier. Analysts on average had expected revenue of 191.83 billion yuan, according to IBES data from Refinitiv.The shares of JD.com jumped more than 1% from a drop in premarket trading.First Quarter 2021 HighlightsNet revenues for the first quarter of 2021 were RMB203.2 billion(US$131.0 billion), an increase of 39.0% from the first quarter of 2020. Net service revenues for the first quarter of 2021 were RMB27.9 billion(US$4.3 billion), an increase of 73.1% from the first quarter of 2020.Income from operations for the first quarter of 2021 was RMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year.Non-GAAP2income from operations for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared toRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7%3for the first quarter of 2020.Net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year.Non-GAAP net income attributable to ordinary shareholders for the first quarter of 2021 was RMB4.0 billion(US$0.6 billion), compared to RMB3.0 billionfor the same period last year.Diluted net income per ADS for the first quarter of 2021 was RMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020.Non-GAAP diluted net income per ADS for the first quarter of 2021 was RMB2.47(US$0.38), compared toRMB1.98for the same period last year.Annual active customer accounts4 increased by 29.0% to 499.8 million in the twelve months ended March 31, 2021from 387.4 million in the twelve months endedMarch 31, 2020.“As we mark JD.com’s 18th anniversary, we are pleased to deliver another strong quarter of growth to kick off 2021,” saidRichard Liu, Chairman and Chief Executive Officer ofJD.com. “Since our establishment, JD’s focus on customers has set us apart and today we are proud that 500 million active users rely on JD’s broad selection of quality products and best-in-class customer services to support every aspect of their lives. JD is also increasingly the partner of choice for millions of businesses who benefit from our advanced supply-chain infrastructure to reduce costs and boost operating efficiency.”“As our strong growth momentum from last year continued into the first quarter of 2021, we are also encouraged by the diversification of our revenue streams with an increasing contribution from service revenues.” saidSandy Xu, Chief Financial Officer ofJD.com. “JD Retail’s operating margin further expanded during the quarter, as we continue to drive stronger operating leverage through technology and innovation.”Business HighlightsEnvironment, Social and GovernanceJD.comreleased its first ESG report onApril 19thhighlighting the company’s long-term approach to ESG initiatives and corporate social responsibility. The report details JD.com’s vision of leveraging the digital supply chain to boost the real economy, improve efficiency and enhance environmentally friendly initiatives including green supply chain, green data centers and poverty alleviation.As part of its commitment to poverty alleviation,JD.comhelped impoverished counties to market more than 3 million local commodities online.JD.comwill focus on rural digitalization to promote the sustainable development of rural areas in the future. With over 80% ofJD.comfront-line employees originally from rural areas,JD.comprovides sustainable employment opportunities and social insurance and housing fund for hundreds of thousands of employees throughout ruralChina.JD RetailJD.comandLouis Vuittonlaunched an innovative cooperation in April. The ground-breaking cooperation model connectsLouis Vuittondirectly with JD.com’s high-quality customers, providing them with access to the brand while further enhancing the luxury shopping experience onJD.com.In the first quarter,JD.comhas started new partnerships with a wide spectrum of luxury brands.John Lobb, the luxury shoes and boots brand under Hermès Group, recently launched flagship stores onJD.com. Some brands went further to partner withJD.comin supply chain services. Italian brand Marni not only launched a flagship store onJD.com, but also adopted a customized one-stop solution offered byJD.com, covering marketing, technology, and supply chain management. With this service, customers can purchase directly from Marni’s inventory with the products delivered by JD Logistics.In response to local authorities’ appeals to limit travel during this year’s Spring Festival, JD Retail collaborated with JD Logistics to provide non-stop delivery during Spring Festival for the ninth consecutive year and launched a series of initiatives for the JD New Year Shopping Festival. JD City-wide Shopping collaborated with JD Daojia (JDDJ) to coordinate inventory, logistics and employee resources in order to provide uninterrupted services during the Spring Festival holiday. Through cooperation with well-known chain retailers,JD.comprovided residents in more than 1,400 counties, districts and cities across the country with one-hour delivery service for products across all categories.JD.comalso upgraded the hassle-free shopping experience on its third-party platform, offering delivery time and price guarantees, free pickup for returns, as well as flash refunds.During the first quarter, JD Home entered into strategic cooperation with Honor, Xiaomi, OPPO,OnePlus, realme, and other cellphone brands to collaborate on innovative omni-channel marketing initiatives, including in retail chain stores. JD Home has already achieved National Key Account (NKA) status with many major cellphone brands, supporting their omni-channel retail channels and the offline shopping experience. JD Home provides brands with additional channels to connect with customers and accelerate growth through omni-channel sales, user services, and event marketing.JD.com’s recent announcement that it will increase its stake inDada Group(Dada) marks a tighter collaboration under the omni-channel strategy. Dada will have the full support ofJD.comand strategically undertake JD’s local on-demand retail and delivery businesses. Through this alignment,JD.comand Dada will be able to provide JD.com’s nearly 500 million annual active customers with superior customer services and enriched coverage in on-demand retail and delivery, and will accelerate the digital transformation of real economy enterprises.JD HealthIn February, JD Health announced the launch of theRare Diseases Care Project, under which it establishedJD Pharmacy Rare Diseases Care Centerand a dedicated fund for patients with rare diseases. In collaboration with partners from all relevant fields, the Project leverages JD Health’s supply chain capabilities and comprehensive healthcare offerings to create a one-stop solution for rare disease patients inChinaproviding financial assistance as well as ongoing support for diagnosis, treatment and access to medication.JD LogisticsOnApril 17, JD Logistics andTencentSmart Retail jointly announced the launch ofJD-Tencent Cloud Warehouse. Integrated with JD Logistics cloud warehouse technologies, logistics platform and supply chain capabilities, as well asTencentSmart Retail's smart retailing analysis technology,JD-Tencent Cloud Warehouseprovides integrated solutions including business leads, branding and marketing as well as logistics services to merchants and warehousing companies, supporting areas including private traffic operations, traffic promotions, supply chains and logistics. Following its launch in 2017 to serve third-party warehouses and merchants,JD Cloud Warehousecan now leverage this partnership to serve new business models including social and live-streaming e-commerce, further opening JD Logistics’s integrated supply chain capabilities for diverse commercial use cases.As ofMarch 31, 2021, JD Logistics operated over 1,000 warehouses, which covered an aggregate gross floor area of over 21 million square meters, including warehouse space of cloud warehouses managed under the JD Logistics Open Warehouse Platform.Other HighlightsIn May,Jingdong Digits Technology Holding Co., Ltd.(“JD Digits”) was officially renamed asJingdong Technology Holding Co., Ltd.(“JD Technology”). During the quarter endedMarch 31, 2021,JD.com, through a subsidiary, transferred JD Cloud & AI business and certain assets to JD Technology, in exchange for issuance of ordinary shares of JD Technology. Through this transaction, JD.com’s equity interest in JD Technology increased to approximately 42%. The company deconsolidated the operating results of JD Cloud & AI business upon the completion date of the transaction, which wasMarch 31, 2021.JD.comwill continue to focus on its core competences and synergistic businesses to better serve customers, and JD Technology will be better positioned to deliver a suite of cutting-edge technology services to its business partners.Operational Metrics UpdateAs ofMarch 31, 2021,JD.comhad over 310,000 employees excluding part-time and interns.First Quarter 2021 Financial ResultsNet Revenues.   For the first quarter of 2021,JD.comreported net revenues ofRMB203.2 billion(US$31.0 billion), representing a 39.0% increase from the same period in 2020. Net product revenues increased by 34.7%, while net service revenues increased by 73.1% for the first quarter of 2021, as compared to the same period of 2020.Cost of Revenues.Cost of revenues increased by 40.7% toRMB174.1 billion(US$26.6 billion) for the first quarter of 2021 fromRMB123.7 billionfor the first quarter of 2020.Fulfillment Expenses.Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 32.7% toRMB13.8 billion(US$2.1 billion) for the first quarter of 2021 fromRMB10.4 billionfor the first quarter of 2020.Marketing Expenses.Marketing expenses increased by 56.6% toRMB7.0 billion(US$1.1 billion) for the first quarter of 2021 fromRMB4.5 billionfor the first quarter of 2020.Research and Development Expenses.Research and development expenses increased by 15.1% toRMB4.5 billion(US$0.7 billion) for the first quarter of 2021 fromRMB3.9 billionfor the first quarter of 2020.General and Administrative Expenses.   General and administrative expenses increased by 56.8% toRMB2.2 billion(US$0.3 billion) for the first quarter of 2021 fromRMB1.4 billionfor the first quarter of 2020. The increase was primarily due to the increase in share-based compensation expenses in relation to JD Health’s and JD Logistics’s share incentive plans.Income from Operations and Non-GAAP Income from Operations.Income from operations for the first quarter of 2021 wasRMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year. Non-GAAP income from operations for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared to non-GAAP income from operations ofRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7% for the first quarter of 2020.Non-GAAP EBITDAfor the first quarter of 2021 wasRMB4.9 billion(US$0.8 billion), compared toRMB4.5 billionfor the first quarter of 2020.Share of Results of Equity Investees.   In the first quarter of 2021, share of results of equity investees was an income ofRMB0.7 billion(US$0.1 billion), which was mainly contributed by JD Technology. In the first quarter of 2020, share of results of equity investees was a loss ofRMB1.1 billion, which was mainly resulted fromJiangsu Five Star, Dada and Yixin.Net Income Attributable to Ordinary Shareholdersand Non-GAAP Net IncomeAttributable to Ordinary Shareholders.Net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year. Non-GAAP net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB4.0 billion(US$0.6 billion), compared toRMB3.0 billionfor the same period last year.Diluted EPS and Non-GAAP Diluted EPS.Diluted net income per ADS for the first quarter of 2021 wasRMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020. Non-GAAP diluted net income per ADS for the first quarter of 2021 wasRMB2.47(US$0.38), compared toRMB1.98for the first quarter of 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197940964,"gmtCreate":1621422915058,"gmtModify":1634189286880,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Yap it's GG down.","listText":"Yap it's GG down.","text":"Yap it's GG down.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197940964","repostId":"1107558091","repostType":4,"repost":{"id":"1107558091","pubTimestamp":1621420211,"share":"https://www.laohu8.com/m/news/1107558091?lang=&edition=full","pubTime":"2021-05-19 18:30","market":"fut","language":"en","title":"Crypto Tumble Wipes $600 Billion Off Digital Tokens in a Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1107558091","media":"Bloomberg","summary":"Musk’s Bitcoin criticism, China crypto warning shake sector\nBitcoin now down almost 40% from its mid","content":"<ul>\n <li>Musk’s Bitcoin criticism, China crypto warning shake sector</li>\n <li>Bitcoin now down almost 40% from its mid-April $64,870 record</li>\n</ul>\n<p>Virtual currencies are retreating so broadly and sharply, it’s testing the durability of the cryptocurrency boom.</p>\n<p>The value of more than 7,000 tokens tracked by CoinGecko has shrunk more than $600 billion in the past week to $1.9 trillion. Bitcoin, the largest cryptocurrency, slid some 11% Wednesday to break below $40,000 and is now about $25,000 off its record high set in April.</p>\n<p>Multiple factors are at play, ranging from criticism of the environmental impact of Bitcoin’s energy usage by onetime proponent Elon Musk, to the risk of a regulatory squeeze on what some have called the Wild West of investing. Digital tokens have also delivered gains so fat that some traders may have been taking profits.</p>\n<p>The $40,000 mark is a “critical make-or-break pivot level” for Bitcoin and a decline to just below $30,000 isn’t out of the question, Jeffrey Halley, senior market analyst at Oanda, wrote in a note.</p>\n<p>Here’s a snapshot of the crypto retreat:</p>\n<p><b>Market Value</b></p>\n<p><img src=\"https://static.tigerbbs.com/a49fce5743e9333e0d461e7f0aad637d\" tg-width=\"952\" tg-height=\"522\"></p>\n<p>Early in April, the value of cryptocurrencies breached $2 trillion for the first time, doubling in about two months on optimism institutional investors were increasingly interested. The current weakness has erased over $600 billion.</p>\n<p><b>Breaking $40,000</b></p>\n<p><img src=\"https://static.tigerbbs.com/4c667f867f5d3f835b4482176bfd5312\" tg-width=\"930\" tg-height=\"523\"></p>\n<p>Bitcoin tested its 200-day moving average, and its discount to the 120-day average is the biggest since last year, according to Mike McGlone, a commodity strategist at Bloomberg Intelligence in New York. He sees the Bitcoin price settling around the 2021 average of approximately $49,000.</p>\n<p><b>Futures</b></p>\n<p><img src=\"https://static.tigerbbs.com/37378d124d57d3cc139ca134fc782b6d\" tg-width=\"930\" tg-height=\"523\"></p>\n<p>In Bitcoin futures, technicians see a bearish head-and-shoulders pattern, which could point to more weakness ahead.</p>\n<p><b>Bitcoin Versus Gold</b></p>\n<p><img src=\"https://static.tigerbbs.com/1f426bc7dc3e4eea6d36aee4b7bf9aa7\" tg-width=\"930\" tg-height=\"523\"></p>\n<p>The ratio of Bitcoin’s price relative to gold has dropped to the lowest since early February. That’s come amid greater caution about speculative assets as well as the post-pandemic economic recovery. Bitcoin’s proponents argue it’s a modern-day store of value, a claim belied by the token’s volatility.</p>\n<p><b>Ether Trade</b></p>\n<p><img src=\"https://static.tigerbbs.com/e3be0dce1e4ad3d851c42ddf515d3838\" tg-width=\"930\" tg-height=\"523\"></p>\n<p>After Bitcoin pulled back from a mid-April high, an ongoing rally in Ether -- the second-largest cryptocurrency -- drew attention. But that has also stalled. Chris Weston, head of research at Pepperstone Group Ltd. in Melbourne, wrote in a note Monday that he was closing a short Bitcoin/long Ether trade as the “dust really needs to settle.”</p>\n<p><b>Largest Fund</b></p>\n<p><img src=\"https://static.tigerbbs.com/4f6356fdb46cbe22da222b5fc5066fd8\" tg-width=\"930\" tg-height=\"523\"></p>\n<p>The&nbsp;Grayscale Bitcoin Trust, the largest Bitcoin fund, is sitting on close to a record discount to net asset value. That gap could disappear if it converts as planned to an exchange-traded fund. However, risks for a wider discount include uncertainty over whether U.S. officials will ever allow Bitcoin ETFs.</p>","source":"lsy1584095487587","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>Crypto Tumble Wipes $600 Billion Off Digital Tokens in a Week</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\">\nCrypto Tumble Wipes $600 Billion Off Digital Tokens in a Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 18:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-19/crypto-tumble-wipes-600-billion-off-digital-tokens-in-a-week?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Musk’s Bitcoin criticism, China crypto warning shake sector\nBitcoin now down almost 40% from its mid-April $64,870 record\n\nVirtual currencies are retreating so broadly and sharply, it’s testing the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-19/crypto-tumble-wipes-600-billion-off-digital-tokens-in-a-week?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block","PYPL":"PayPal","TSLA":"特斯拉","COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-05-19/crypto-tumble-wipes-600-billion-off-digital-tokens-in-a-week?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107558091","content_text":"Musk’s Bitcoin criticism, China crypto warning shake sector\nBitcoin now down almost 40% from its mid-April $64,870 record\n\nVirtual currencies are retreating so broadly and sharply, it’s testing the durability of the cryptocurrency boom.\nThe value of more than 7,000 tokens tracked by CoinGecko has shrunk more than $600 billion in the past week to $1.9 trillion. Bitcoin, the largest cryptocurrency, slid some 11% Wednesday to break below $40,000 and is now about $25,000 off its record high set in April.\nMultiple factors are at play, ranging from criticism of the environmental impact of Bitcoin’s energy usage by onetime proponent Elon Musk, to the risk of a regulatory squeeze on what some have called the Wild West of investing. Digital tokens have also delivered gains so fat that some traders may have been taking profits.\nThe $40,000 mark is a “critical make-or-break pivot level” for Bitcoin and a decline to just below $30,000 isn’t out of the question, Jeffrey Halley, senior market analyst at Oanda, wrote in a note.\nHere’s a snapshot of the crypto retreat:\nMarket Value\n\nEarly in April, the value of cryptocurrencies breached $2 trillion for the first time, doubling in about two months on optimism institutional investors were increasingly interested. The current weakness has erased over $600 billion.\nBreaking $40,000\n\nBitcoin tested its 200-day moving average, and its discount to the 120-day average is the biggest since last year, according to Mike McGlone, a commodity strategist at Bloomberg Intelligence in New York. He sees the Bitcoin price settling around the 2021 average of approximately $49,000.\nFutures\n\nIn Bitcoin futures, technicians see a bearish head-and-shoulders pattern, which could point to more weakness ahead.\nBitcoin Versus Gold\n\nThe ratio of Bitcoin’s price relative to gold has dropped to the lowest since early February. That’s come amid greater caution about speculative assets as well as the post-pandemic economic recovery. Bitcoin’s proponents argue it’s a modern-day store of value, a claim belied by the token’s volatility.\nEther Trade\n\nAfter Bitcoin pulled back from a mid-April high, an ongoing rally in Ether -- the second-largest cryptocurrency -- drew attention. But that has also stalled. Chris Weston, head of research at Pepperstone Group Ltd. in Melbourne, wrote in a note Monday that he was closing a short Bitcoin/long Ether trade as the “dust really needs to settle.”\nLargest Fund\n\nThe Grayscale Bitcoin Trust, the largest Bitcoin fund, is sitting on close to a record discount to net asset value. That gap could disappear if it converts as planned to an exchange-traded fund. However, risks for a wider discount include uncertainty over whether U.S. officials will ever allow Bitcoin ETFs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191489246,"gmtCreate":1620898422085,"gmtModify":1634195465702,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Wow that's alot...","listText":"Wow that's alot...","text":"Wow that's alot...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191489246","repostId":"2135584647","repostType":4,"repost":{"id":"2135584647","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620895142,"share":"https://www.laohu8.com/m/news/2135584647?lang=&edition=full","pubTime":"2021-05-13 16:39","market":"hk","language":"en","title":"Hong Kong stocks track fall in other Asian markets","url":"https://stock-news.laohu8.com/highlight/detail?id=2135584647","media":"Reuters","summary":"HK->Shanghai Connect daily quota used -3.9%, Shanghai->HK daily quota used 7%HSI -1.8%, HSCE -2.1%, ","content":"<ul><li>HK-&gt;Shanghai Connect daily quota used -3.9%, Shanghai-&gt;HK daily quota used 7%</li><li>HSI -1.8%, HSCE -2.1%, CSI300 -1.0%</li><li>FTSE China A50 -1.1%</li></ul><p>May 13 (Reuters) - Hong Kong stocks fell on Thursday, tracking a broad sell-off in other Asian markets amid worries over U.S. inflation.</p><p>At the close of trade, the Hang Seng index was down 512.37 points, or 1.81%, at 27,718.67. The Hang Seng China Enterprises index fell 2.05% to 10,339.99.</p><p>The sub-index of the Hang Seng tracking energy shares&nbsp;dipped 2.8%, while the IT sector    dipped 3.11%, the financial sector ended 1.14% lower, the Hang Seng tech index dropped 3.3% and the property sector dipped 1.58%.</p><p>The top gainer on the Hang Seng was China Mengniu Dairy Co Ltd   , which gained 2.86%, while the biggest loser was Techtronic Industries Co Ltd   , which fell 9.49%.</p><p>Asian shares slipped to seven-week lows after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.</p><p>Tensions between Beijing and Washington added to the pressure.</p><p>The Chinese government has turned its western Xinjiang province into essentially an \"open-air prison\", a U.S. State Department official said on Wednesday as the department published a report that criticized China's treatment of religious minorities.</p><p>Bucking the retreat, mainland investors purchased a net 5 billion yuan ($774.75 million) worth of Hong Kong shares via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.</p><p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was weaker by 1.37%, while Japan's Nikkei index&nbsp;closed down 2.49%.</p><p>The yuan was quoted at 6.4525 per U.S. dollar at 08:17 GMT, 0.08% firmer than the previous close of 6.4575.</p><p>At close, China's A-shares were trading at a premium of 37.97% over Hong Kong-listed H-shares.</p><p>($1 = 6.4537 Chinese yuan renminbi)</p><p>(Reporting by the Shanghai Newsroom; Editing by Vinay Dwivedi)</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>Hong Kong stocks track fall in other Asian markets</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\">\nHong Kong stocks track fall in other Asian markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-13 16:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>HK-&gt;Shanghai Connect daily quota used -3.9%, Shanghai-&gt;HK daily quota used 7%</li><li>HSI -1.8%, HSCE -2.1%, CSI300 -1.0%</li><li>FTSE China A50 -1.1%</li></ul><p>May 13 (Reuters) - Hong Kong stocks fell on Thursday, tracking a broad sell-off in other Asian markets amid worries over U.S. inflation.</p><p>At the close of trade, the Hang Seng index was down 512.37 points, or 1.81%, at 27,718.67. The Hang Seng China Enterprises index fell 2.05% to 10,339.99.</p><p>The sub-index of the Hang Seng tracking energy shares&nbsp;dipped 2.8%, while the IT sector    dipped 3.11%, the financial sector ended 1.14% lower, the Hang Seng tech index dropped 3.3% and the property sector dipped 1.58%.</p><p>The top gainer on the Hang Seng was China Mengniu Dairy Co Ltd   , which gained 2.86%, while the biggest loser was Techtronic Industries Co Ltd   , which fell 9.49%.</p><p>Asian shares slipped to seven-week lows after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.</p><p>Tensions between Beijing and Washington added to the pressure.</p><p>The Chinese government has turned its western Xinjiang province into essentially an \"open-air prison\", a U.S. State Department official said on Wednesday as the department published a report that criticized China's treatment of religious minorities.</p><p>Bucking the retreat, mainland investors purchased a net 5 billion yuan ($774.75 million) worth of Hong Kong shares via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.</p><p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was weaker by 1.37%, while Japan's Nikkei index&nbsp;closed down 2.49%.</p><p>The yuan was quoted at 6.4525 per U.S. dollar at 08:17 GMT, 0.08% firmer than the previous close of 6.4575.</p><p>At close, China's A-shares were trading at a premium of 37.97% over Hong Kong-listed H-shares.</p><p>($1 = 6.4537 Chinese yuan renminbi)</p><p>(Reporting by the Shanghai Newsroom; Editing by Vinay Dwivedi)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09999":"网易-S","03988":"中国银行","01024":"快手-W","HSCCI":"红筹指数","02319":"蒙牛乳业","00669":"创科实业","06186":"中国飞鹤","HSCEI":"国企指数","03692":"翰森制药","HSI":"恒生指数","03143":"华夏香港银行股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135584647","content_text":"HK->Shanghai Connect daily quota used -3.9%, Shanghai->HK daily quota used 7%HSI -1.8%, HSCE -2.1%, CSI300 -1.0%FTSE China A50 -1.1%May 13 (Reuters) - Hong Kong stocks fell on Thursday, tracking a broad sell-off in other Asian markets amid worries over U.S. inflation.At the close of trade, the Hang Seng index was down 512.37 points, or 1.81%, at 27,718.67. The Hang Seng China Enterprises index fell 2.05% to 10,339.99.The sub-index of the Hang Seng tracking energy shares dipped 2.8%, while the IT sector    dipped 3.11%, the financial sector ended 1.14% lower, the Hang Seng tech index dropped 3.3% and the property sector dipped 1.58%.The top gainer on the Hang Seng was China Mengniu Dairy Co Ltd   , which gained 2.86%, while the biggest loser was Techtronic Industries Co Ltd   , which fell 9.49%.Asian shares slipped to seven-week lows after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.Tensions between Beijing and Washington added to the pressure.The Chinese government has turned its western Xinjiang province into essentially an \"open-air prison\", a U.S. State Department official said on Wednesday as the department published a report that criticized China's treatment of religious minorities.Bucking the retreat, mainland investors purchased a net 5 billion yuan ($774.75 million) worth of Hong Kong shares via the Stock Connect linking mainland and Hong Kong, according to Refinitiv data.Around the region, MSCI's Asia ex-Japan stock index was weaker by 1.37%, while Japan's Nikkei index closed down 2.49%.The yuan was quoted at 6.4525 per U.S. dollar at 08:17 GMT, 0.08% firmer than the previous close of 6.4575.At close, China's A-shares were trading at a premium of 37.97% over Hong Kong-listed H-shares.($1 = 6.4537 Chinese yuan renminbi)(Reporting by the Shanghai Newsroom; Editing by Vinay Dwivedi)","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191415102,"gmtCreate":1620898178906,"gmtModify":1634195468629,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Nice !","listText":"Nice !","text":"Nice !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191415102","repostId":"191490459","repostType":1,"repost":{"id":191490459,"gmtCreate":1620896044471,"gmtModify":1620896044471,"author":{"id":"3503452965237041","authorId":"3503452965237041","name":"美股研究社","avatar":"https://static.tigerbbs.com/a239c7906133df1f3817d0746a8a0ba1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3503452965237041","authorIdStr":"3503452965237041"},"themes":[],"title":"阿里巴巴旗下天猫淘宝海外宣布战略升级，今年全年将助力10万国货新商家加速出海","htmlText":"美股研究社消息，36氪获悉，今日，<a target=\"_blank\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a>&nbsp;跨境出口电商平台天猫淘宝海外宣布战略升级，全面开放商家出海通道，升级物流、支付、运营、售后等服务，实现商家零门槛一键入驻、运营成本大幅降低、跨境物流与支付更便捷。天猫淘宝海外事业部总经理叶剑秋表示，今年全年将助力10万国货新商家加速出海。 本文来源：美股研究社，转载请注明版权","listText":"美股研究社消息，36氪获悉，今日，<a target=\"_blank\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a>&nbsp;跨境出口电商平台天猫淘宝海外宣布战略升级，全面开放商家出海通道，升级物流、支付、运营、售后等服务，实现商家零门槛一键入驻、运营成本大幅降低、跨境物流与支付更便捷。天猫淘宝海外事业部总经理叶剑秋表示，今年全年将助力10万国货新商家加速出海。 本文来源：美股研究社，转载请注明版权","text":"美股研究社消息，36氪获悉，今日，$阿里巴巴(BABA)$ 跨境出口电商平台天猫淘宝海外宣布战略升级，全面开放商家出海通道，升级物流、支付、运营、售后等服务，实现商家零门槛一键入驻、运营成本大幅降低、跨境物流与支付更便捷。天猫淘宝海外事业部总经理叶剑秋表示，今年全年将助力10万国货新商家加速出海。 本文来源：美股研究社，转载请注明版权","images":[{"img":"https://static.tigerbbs.com/6c7c4aa7f09e77ea280e89f67f9a14b3","width":"500","height":"375"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191490459","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107627832,"gmtCreate":1620484376626,"gmtModify":1634198457489,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Nice nice","listText":"Nice nice","text":"Nice nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107627832","repostId":"1106882084","repostType":4,"repost":{"id":"1106882084","pubTimestamp":1620451121,"share":"https://www.laohu8.com/m/news/1106882084?lang=&edition=full","pubTime":"2021-05-08 13:18","market":"us","language":"en","title":"US IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO week","url":"https://stock-news.laohu8.com/highlight/detail?id=1106882084","media":"renaissancecap...","summary":"Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings.The largest deal of the week,Enact Holdings plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.Cros","content":"<p>Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance company<b>Enact Holdings</b>(ACT).</p>\n<p>The largest deal of the week,<b>Enact Holdings</b>(ACT) plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.</p>\n<p>Cross-border e-commerce platform<b>Global-E Online</b>(GLBE) plans to raise $360 million at a $4.0 billion market cap. The company states that it has built the world’s leading platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. Fast growing and profitable in 2020, Global-E has over 400 merchants on its platform and currently supports transactions in over 200 markets worldwide.</p>\n<p>Hearing care services provider<b>hear.com</b>(HCG) plans to raise $300 million at a $2.1 billion market cap. The company’s data-driven approach to hearing care enables them to deliver a personalized experience and respond to customer needs in real time. While its conversion rate fell slightly in the FY20, hear.com saw 25%+ increases in both appointments and total customer sales.</p>\n<p>Brazilian customer experience platform<b>Zenvia</b>(ZENV) plans to raise $213 million at a $607 million market cap. The company’s software platform facilitated the flow of communication for more than 9,400 customers throughout Latin America as of December 31, 2020. While it achieved a standalone net revenue expansion rate of over 110%, Zenvia’s EBIT turned negative in 2020.</p>\n<p>Israeli web analytics provider<b>Similarweb</b>(SMWB) plans to raise $160 million at a $1.7 billion market cap. The company has blue-chip customers across a variety of industries, and they include marketers, strategy teams, salespeople, analysts, and investors. Similarweb has demonstrated growth, though it remains small and unprofitable with widening losses.</p>\n<p>Online hydroponic equipment supplier<b>iPower</b>(IPW) plans to raise $24 million at a $202 million market cap. Fast growing and profitable, the company sells equipment that enables its customers to grow fruits, vegetables, flowers, and other plants, including cannabis, through its own website and third party retailers like Amazon, eBay, and Walmart.</p>\n<p>Canadian cannabis products developer<b>Flora Growth</b>(FLGC) plans to raise $15 million at a $221 million market cap. Flora Growth cultivates and processes medical-grade cannabis oil and other cannabis derived products in Colombia. Flora Growth is highly unprofitable, and it just began generating revenues this past August.</p>\n<p><img src=\"https://static.tigerbbs.com/57e90b667064a33ea39693340582c44c\" tg-width=\"1064\" tg-height=\"646\"></p>","source":"lsy1619493174116","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>US IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO week</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\">\nUS IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 13:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/81602/US-IPO-Week-Ahead-Mortgage-insurance-and-cross-border-e-commerce-lead-a-7-I><strong>renaissancecap...</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings(ACT).\nThe largest deal of the week,Enact Holdings(ACT) plans to raise $497 ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/81602/US-IPO-Week-Ahead-Mortgage-insurance-and-cross-border-e-commerce-lead-a-7-I\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/81602/US-IPO-Week-Ahead-Mortgage-insurance-and-cross-border-e-commerce-lead-a-7-I","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106882084","content_text":"Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings(ACT).\nThe largest deal of the week,Enact Holdings(ACT) plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.\nCross-border e-commerce platformGlobal-E Online(GLBE) plans to raise $360 million at a $4.0 billion market cap. The company states that it has built the world’s leading platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. Fast growing and profitable in 2020, Global-E has over 400 merchants on its platform and currently supports transactions in over 200 markets worldwide.\nHearing care services providerhear.com(HCG) plans to raise $300 million at a $2.1 billion market cap. The company’s data-driven approach to hearing care enables them to deliver a personalized experience and respond to customer needs in real time. While its conversion rate fell slightly in the FY20, hear.com saw 25%+ increases in both appointments and total customer sales.\nBrazilian customer experience platformZenvia(ZENV) plans to raise $213 million at a $607 million market cap. The company’s software platform facilitated the flow of communication for more than 9,400 customers throughout Latin America as of December 31, 2020. While it achieved a standalone net revenue expansion rate of over 110%, Zenvia’s EBIT turned negative in 2020.\nIsraeli web analytics providerSimilarweb(SMWB) plans to raise $160 million at a $1.7 billion market cap. The company has blue-chip customers across a variety of industries, and they include marketers, strategy teams, salespeople, analysts, and investors. Similarweb has demonstrated growth, though it remains small and unprofitable with widening losses.\nOnline hydroponic equipment supplieriPower(IPW) plans to raise $24 million at a $202 million market cap. Fast growing and profitable, the company sells equipment that enables its customers to grow fruits, vegetables, flowers, and other plants, including cannabis, through its own website and third party retailers like Amazon, eBay, and Walmart.\nCanadian cannabis products developerFlora Growth(FLGC) plans to raise $15 million at a $221 million market cap. Flora Growth cultivates and processes medical-grade cannabis oil and other cannabis derived products in Colombia. Flora Growth is highly unprofitable, and it just began generating revenues this past August.","news_type":1},"isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":899207149,"gmtCreate":1628187405381,"gmtModify":1633752819680,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Well done !!!","listText":"Well done !!!","text":"Well done !!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899207149","repostId":"1173170520","repostType":4,"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899204558,"gmtCreate":1628187173274,"gmtModify":1633752820127,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Pls help to like .. nice","listText":"Pls help to like .. nice","text":"Pls help to like .. nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899204558","repostId":"1173170520","repostType":4,"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197949084,"gmtCreate":1621423022548,"gmtModify":1634189286397,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"That is great !","listText":"That is great !","text":"That is great !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/197949084","repostId":"2136116599","repostType":4,"repost":{"id":"2136116599","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":1621421801,"share":"https://www.laohu8.com/m/news/2136116599?lang=&edition=full","pubTime":"2021-05-19 18:56","market":"us","language":"en","title":"China's JD.com posts 39% rise in quarterly revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=2136116599","media":"Tiger Newspress","summary":"Chinese e-commerce platform JD.com Inc reported a 39% rise in quarterly revenue on Wednesday, aided ","content":"<p>Chinese e-commerce platform JD.com Inc&nbsp;reported a 39% rise in quarterly revenue on Wednesday, aided by an expanded product line-up that helped lure in more users.</p><p>Net revenue at JD.com, China's largest e-commerce company by revenue, rose to 203.2 billion yuan ($31.57 billion) in the quarter ended March 31 from 146.2 billion yuan a year earlier. Analysts on average had expected revenue of 191.83 billion yuan, according to IBES data from Refinitiv.</p><p><img src=\"https://static.tigerbbs.com/fab4616b9116f62104b847dce7bfaa81\" tg-width=\"889\" tg-height=\"734\" referrerpolicy=\"no-referrer\"></p><p>The shares of JD.com jumped more than 1% from a drop in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/87d85727ae695bdaa5e19dd608c93902\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><b>First Quarter 2021 Highlights</b></p><ul><li><b>Net revenues</b>&nbsp;for the first quarter of 2021 were&nbsp;RMB203.2 billion(US$131.0 billion), an increase of 39.0% from the first quarter of 2020. Net service revenues for the first quarter of 2021 were&nbsp;RMB27.9 billion(US$4.3 billion), an increase of 73.1% from the first quarter of 2020.</li><li><b>Income from operations</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year.<b>Non-GAAP2income from operations</b>&nbsp;for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared toRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7%<b>3</b>for the first quarter of 2020.</li><li><b>Net income</b>&nbsp;<b>attributable to ordinary shareholders</b>&nbsp;for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year.<b>Non-GAAP net income</b>&nbsp;<b>attributable to ordinary shareholders</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB4.0 billion(US$0.6 billion), compared to&nbsp;RMB3.0 billionfor the same period last year.</li><li><b>Diluted net income per ADS</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020.<b>Non-GAAP diluted net income per ADS</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB2.47(US$0.38), compared toRMB1.98for the same period last year.</li><li><b>Annual active customer accounts4</b>&nbsp;increased by 29.0% to 499.8 million in the twelve months ended&nbsp;March 31, 2021from 387.4 million in the twelve months endedMarch 31, 2020.</li></ul><p>“As we mark JD.com’s 18th anniversary, we are pleased to deliver another strong quarter of growth to kick off 2021,” saidRichard Liu, Chairman and Chief Executive Officer ofJD.com. “Since our establishment, JD’s focus on customers has set us apart and today we are proud that 500 million active users rely on JD’s broad selection of quality products and best-in-class customer services to support every aspect of their lives. JD is also increasingly the partner of choice for millions of businesses who benefit from our advanced supply-chain infrastructure to reduce costs and boost operating efficiency.”</p><p>“As our strong growth momentum from last year continued into the first quarter of 2021, we are also encouraged by the diversification of our revenue streams with an increasing contribution from service revenues.” saidSandy Xu, Chief Financial Officer ofJD.com. “JD Retail’s operating margin further expanded during the quarter, as we continue to drive stronger operating leverage through technology and innovation.”</p><p><b><i>Business Highlights</i></b></p><p><b>Environment, Social and Governance</b></p><ul><li>JD.comreleased its first ESG report onApril 19thhighlighting the company’s long-term approach to ESG initiatives and corporate social responsibility. The report details JD.com’s vision of leveraging the digital supply chain to boost the real economy, improve efficiency and enhance environmentally friendly initiatives including green supply chain, green data centers and poverty alleviation.</li><li>As part of its commitment to poverty alleviation,JD.comhelped impoverished counties to market more than 3 million local commodities online.JD.comwill focus on rural digitalization to promote the sustainable development of rural areas in the future. With over 80% ofJD.comfront-line employees originally from rural areas,JD.comprovides sustainable employment opportunities and social insurance and housing fund for hundreds of thousands of employees throughout ruralChina.</li></ul><p><b>JD Retail</b></p><ul><li>JD.comandLouis Vuittonlaunched an innovative cooperation in April. The ground-breaking cooperation model connectsLouis Vuittondirectly with JD.com’s high-quality customers, providing them with access to the brand while further enhancing the luxury shopping experience onJD.com.</li><li>In the first quarter,JD.comhas started new partnerships with a wide spectrum of&nbsp;luxury brands.John Lobb, the luxury shoes and boots brand under Hermès Group, recently launched flagship stores onJD.com. Some brands went further to partner withJD.comin supply chain services. Italian brand Marni not only launched a flagship store onJD.com, but also adopted a customized one-stop solution offered byJD.com, covering marketing, technology, and supply chain management. With this service, customers can purchase directly from Marni’s inventory with the products delivered by JD Logistics.</li><li>In response to local authorities’ appeals to limit travel during this year’s Spring Festival, JD Retail collaborated with JD Logistics to provide non-stop delivery during Spring Festival for the ninth consecutive year and launched a series of initiatives for the JD New Year Shopping Festival. JD City-wide Shopping collaborated with JD Daojia (JDDJ) to coordinate inventory, logistics and employee resources in order to provide uninterrupted services during the Spring Festival holiday. Through cooperation with well-known chain retailers,JD.comprovided residents in more than 1,400 counties, districts and cities across the country with one-hour delivery service for products across all categories.JD.comalso upgraded the hassle-free shopping experience on its third-party platform, offering delivery time and price guarantees, free pickup for returns, as well as flash refunds.</li><li>During the first quarter, JD Home entered into strategic cooperation with Honor, Xiaomi, OPPO,OnePlus, realme, and other cellphone brands to collaborate on innovative omni-channel marketing initiatives, including in retail chain stores. JD Home has already achieved National Key Account (NKA) status with many major cellphone brands, supporting their omni-channel retail channels and the offline shopping experience. JD Home provides brands with additional channels to connect with customers and accelerate growth through omni-channel sales, user services, and event marketing.</li><li>JD.com’s recent announcement that it will increase its stake inDada Group(Dada) marks a tighter collaboration under the omni-channel strategy. Dada will have the full support ofJD.comand strategically&nbsp;undertake JD’s local on-demand retail and delivery businesses. Through this alignment,JD.comand Dada will be able to provide JD.com’s nearly 500 million annual active customers with superior customer services and enriched coverage in on-demand retail and delivery, and will accelerate the digital transformation of real economy enterprises.</li></ul><p><b>JD Health</b></p><ul><li>In February, JD Health announced the launch of theRare Diseases Care Project, under which it establishedJD Pharmacy Rare Diseases Care Centerand a dedicated fund for patients with rare diseases. In collaboration with partners from all relevant fields, the Project leverages JD Health’s supply chain capabilities and comprehensive healthcare offerings to create a one-stop solution for rare disease patients inChinaproviding financial assistance as well as ongoing support for diagnosis, treatment and access to medication.</li></ul><p><b>JD Logistics</b></p><ul><li>OnApril 17, JD Logistics andTencentSmart Retail jointly announced the launch ofJD-Tencent Cloud Warehouse. Integrated with JD Logistics cloud warehouse technologies, logistics platform and supply chain capabilities, as well asTencentSmart Retail's smart retailing analysis technology,JD-Tencent Cloud Warehouseprovides integrated solutions including business leads, branding and marketing as well as logistics services to merchants and warehousing companies, supporting areas including private traffic operations, traffic promotions, supply chains and logistics. Following its launch in 2017 to serve third-party warehouses and merchants,JD Cloud Warehousecan now leverage this partnership to serve new business models including social and live-streaming e-commerce, further opening JD Logistics’s integrated supply chain capabilities for diverse commercial use cases.</li><li>As ofMarch 31, 2021, JD Logistics operated over 1,000 warehouses, which covered an aggregate gross floor area of over 21 million square meters, including warehouse space of cloud warehouses managed under the JD Logistics Open Warehouse Platform.</li></ul><p><b>Other Highlights</b></p><ul><li>In May,Jingdong Digits Technology Holding Co., Ltd.(“JD Digits”) was officially renamed asJingdong Technology Holding Co., Ltd.(“JD Technology”). During the quarter endedMarch 31, 2021,JD.com, through a subsidiary, transferred JD Cloud &amp; AI business and certain assets to JD Technology, in exchange for issuance of ordinary shares of JD Technology. Through this transaction, JD.com’s equity interest in JD Technology increased to approximately 42%. The company deconsolidated the operating results of JD Cloud &amp; AI business upon the completion date of the transaction, which wasMarch 31, 2021.JD.comwill continue to focus on its core competences and synergistic businesses to better serve customers, and JD Technology will be better positioned to deliver a suite of cutting-edge technology services to its business partners.</li></ul><p><b>Operational Metrics Update</b></p><ul><li>As ofMarch 31, 2021,JD.comhad over 310,000 employees excluding part-time and interns.</li></ul><p><b>First Quarter 2021 Financial Results</b></p><p><b><i>Net Revenues.</i></b>&nbsp;&nbsp; For the first quarter of 2021,JD.comreported net revenues ofRMB203.2 billion(US$31.0 billion), representing a 39.0% increase from the same period in 2020. Net product revenues increased by 34.7%, while net service revenues increased by 73.1% for the first quarter of 2021, as compared to the same period of 2020.</p><p><b><i>Cost of Revenues</i></b><b>.</b>Cost of revenues increased by 40.7% toRMB174.1 billion(US$26.6 billion) for the first quarter of 2021 fromRMB123.7 billionfor the first quarter of 2020.</p><p><b><i>Fulfillment Expenses</i></b><b>.</b>Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 32.7% toRMB13.8 billion(US$2.1 billion) for the first quarter of 2021 fromRMB10.4 billionfor the first quarter of 2020.</p><p><b><i>Marketing Expenses</i></b><b>.</b>Marketing expenses increased by 56.6% toRMB7.0 billion(US$1.1 billion) for the first quarter of 2021 fromRMB4.5 billionfor the first quarter of 2020.</p><p><b><i>Research and Development Expenses</i></b><b>.</b>Research and development expenses increased by 15.1% toRMB4.5 billion(US$0.7 billion) for the first quarter of 2021 fromRMB3.9 billionfor the first quarter of 2020.</p><p><b><i>General and Administrative Expenses</i></b><b>.</b>&nbsp;&nbsp; General and administrative expenses increased by 56.8% toRMB2.2 billion(US$0.3 billion) for the first quarter of 2021 fromRMB1.4 billionfor the first quarter of 2020. The increase was primarily due to the increase in share-based compensation expenses in relation to JD Health’s and JD Logistics’s share incentive plans.</p><p><b><i>Income from Operations and Non-GAAP Income from Operations.</i></b>Income from operations for the first quarter of 2021 wasRMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year. Non-GAAP income from operations for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared to non-GAAP income from operations ofRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7% for the first quarter of 2020.</p><p><b><i>Non-GAAP EBITDA</i></b>for the first quarter of 2021 wasRMB4.9 billion(US$0.8 billion), compared toRMB4.5 billionfor the first quarter of 2020.</p><p><b><i>Share of Results of Equity Investees.</i></b>&nbsp;&nbsp; In the first quarter of 2021, share of results of equity investees was an income ofRMB0.7 billion(US$0.1 billion), which was mainly contributed by JD Technology. In the first quarter of 2020, share of results of equity investees was a loss ofRMB1.1 billion, which was mainly resulted fromJiangsu Five Star, Dada and Yixin.</p><p><b><i>Net Income</i></b>&nbsp;<b><i>Attributable to Ordinary Shareholdersand Non-GAAP Net IncomeAttributable to Ordinary Shareholders.</i></b>Net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year. Non-GAAP net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB4.0 billion(US$0.6 billion), compared toRMB3.0 billionfor the same period last year.</p><p><b><i>Diluted EPS and Non-GAAP Diluted EPS.</i></b>Diluted net income per ADS for the first quarter of 2021 wasRMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020. Non-GAAP diluted net income per ADS for the first quarter of 2021 wasRMB2.47(US$0.38), compared toRMB1.98for the first quarter of 2020.</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>China's JD.com posts 39% rise in quarterly revenue</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\">\nChina's JD.com posts 39% rise in quarterly revenue\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\">2021-05-19 18:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Chinese e-commerce platform JD.com Inc&nbsp;reported a 39% rise in quarterly revenue on Wednesday, aided by an expanded product line-up that helped lure in more users.</p><p>Net revenue at JD.com, China's largest e-commerce company by revenue, rose to 203.2 billion yuan ($31.57 billion) in the quarter ended March 31 from 146.2 billion yuan a year earlier. Analysts on average had expected revenue of 191.83 billion yuan, according to IBES data from Refinitiv.</p><p><img src=\"https://static.tigerbbs.com/fab4616b9116f62104b847dce7bfaa81\" tg-width=\"889\" tg-height=\"734\" referrerpolicy=\"no-referrer\"></p><p>The shares of JD.com jumped more than 1% from a drop in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/87d85727ae695bdaa5e19dd608c93902\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><b>First Quarter 2021 Highlights</b></p><ul><li><b>Net revenues</b>&nbsp;for the first quarter of 2021 were&nbsp;RMB203.2 billion(US$131.0 billion), an increase of 39.0% from the first quarter of 2020. Net service revenues for the first quarter of 2021 were&nbsp;RMB27.9 billion(US$4.3 billion), an increase of 73.1% from the first quarter of 2020.</li><li><b>Income from operations</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year.<b>Non-GAAP2income from operations</b>&nbsp;for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared toRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7%<b>3</b>for the first quarter of 2020.</li><li><b>Net income</b>&nbsp;<b>attributable to ordinary shareholders</b>&nbsp;for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year.<b>Non-GAAP net income</b>&nbsp;<b>attributable to ordinary shareholders</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB4.0 billion(US$0.6 billion), compared to&nbsp;RMB3.0 billionfor the same period last year.</li><li><b>Diluted net income per ADS</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020.<b>Non-GAAP diluted net income per ADS</b>&nbsp;for the first quarter of 2021 was&nbsp;RMB2.47(US$0.38), compared toRMB1.98for the same period last year.</li><li><b>Annual active customer accounts4</b>&nbsp;increased by 29.0% to 499.8 million in the twelve months ended&nbsp;March 31, 2021from 387.4 million in the twelve months endedMarch 31, 2020.</li></ul><p>“As we mark JD.com’s 18th anniversary, we are pleased to deliver another strong quarter of growth to kick off 2021,” saidRichard Liu, Chairman and Chief Executive Officer ofJD.com. “Since our establishment, JD’s focus on customers has set us apart and today we are proud that 500 million active users rely on JD’s broad selection of quality products and best-in-class customer services to support every aspect of their lives. JD is also increasingly the partner of choice for millions of businesses who benefit from our advanced supply-chain infrastructure to reduce costs and boost operating efficiency.”</p><p>“As our strong growth momentum from last year continued into the first quarter of 2021, we are also encouraged by the diversification of our revenue streams with an increasing contribution from service revenues.” saidSandy Xu, Chief Financial Officer ofJD.com. “JD Retail’s operating margin further expanded during the quarter, as we continue to drive stronger operating leverage through technology and innovation.”</p><p><b><i>Business Highlights</i></b></p><p><b>Environment, Social and Governance</b></p><ul><li>JD.comreleased its first ESG report onApril 19thhighlighting the company’s long-term approach to ESG initiatives and corporate social responsibility. The report details JD.com’s vision of leveraging the digital supply chain to boost the real economy, improve efficiency and enhance environmentally friendly initiatives including green supply chain, green data centers and poverty alleviation.</li><li>As part of its commitment to poverty alleviation,JD.comhelped impoverished counties to market more than 3 million local commodities online.JD.comwill focus on rural digitalization to promote the sustainable development of rural areas in the future. With over 80% ofJD.comfront-line employees originally from rural areas,JD.comprovides sustainable employment opportunities and social insurance and housing fund for hundreds of thousands of employees throughout ruralChina.</li></ul><p><b>JD Retail</b></p><ul><li>JD.comandLouis Vuittonlaunched an innovative cooperation in April. The ground-breaking cooperation model connectsLouis Vuittondirectly with JD.com’s high-quality customers, providing them with access to the brand while further enhancing the luxury shopping experience onJD.com.</li><li>In the first quarter,JD.comhas started new partnerships with a wide spectrum of&nbsp;luxury brands.John Lobb, the luxury shoes and boots brand under Hermès Group, recently launched flagship stores onJD.com. Some brands went further to partner withJD.comin supply chain services. Italian brand Marni not only launched a flagship store onJD.com, but also adopted a customized one-stop solution offered byJD.com, covering marketing, technology, and supply chain management. With this service, customers can purchase directly from Marni’s inventory with the products delivered by JD Logistics.</li><li>In response to local authorities’ appeals to limit travel during this year’s Spring Festival, JD Retail collaborated with JD Logistics to provide non-stop delivery during Spring Festival for the ninth consecutive year and launched a series of initiatives for the JD New Year Shopping Festival. JD City-wide Shopping collaborated with JD Daojia (JDDJ) to coordinate inventory, logistics and employee resources in order to provide uninterrupted services during the Spring Festival holiday. Through cooperation with well-known chain retailers,JD.comprovided residents in more than 1,400 counties, districts and cities across the country with one-hour delivery service for products across all categories.JD.comalso upgraded the hassle-free shopping experience on its third-party platform, offering delivery time and price guarantees, free pickup for returns, as well as flash refunds.</li><li>During the first quarter, JD Home entered into strategic cooperation with Honor, Xiaomi, OPPO,OnePlus, realme, and other cellphone brands to collaborate on innovative omni-channel marketing initiatives, including in retail chain stores. JD Home has already achieved National Key Account (NKA) status with many major cellphone brands, supporting their omni-channel retail channels and the offline shopping experience. JD Home provides brands with additional channels to connect with customers and accelerate growth through omni-channel sales, user services, and event marketing.</li><li>JD.com’s recent announcement that it will increase its stake inDada Group(Dada) marks a tighter collaboration under the omni-channel strategy. Dada will have the full support ofJD.comand strategically&nbsp;undertake JD’s local on-demand retail and delivery businesses. Through this alignment,JD.comand Dada will be able to provide JD.com’s nearly 500 million annual active customers with superior customer services and enriched coverage in on-demand retail and delivery, and will accelerate the digital transformation of real economy enterprises.</li></ul><p><b>JD Health</b></p><ul><li>In February, JD Health announced the launch of theRare Diseases Care Project, under which it establishedJD Pharmacy Rare Diseases Care Centerand a dedicated fund for patients with rare diseases. In collaboration with partners from all relevant fields, the Project leverages JD Health’s supply chain capabilities and comprehensive healthcare offerings to create a one-stop solution for rare disease patients inChinaproviding financial assistance as well as ongoing support for diagnosis, treatment and access to medication.</li></ul><p><b>JD Logistics</b></p><ul><li>OnApril 17, JD Logistics andTencentSmart Retail jointly announced the launch ofJD-Tencent Cloud Warehouse. Integrated with JD Logistics cloud warehouse technologies, logistics platform and supply chain capabilities, as well asTencentSmart Retail's smart retailing analysis technology,JD-Tencent Cloud Warehouseprovides integrated solutions including business leads, branding and marketing as well as logistics services to merchants and warehousing companies, supporting areas including private traffic operations, traffic promotions, supply chains and logistics. Following its launch in 2017 to serve third-party warehouses and merchants,JD Cloud Warehousecan now leverage this partnership to serve new business models including social and live-streaming e-commerce, further opening JD Logistics’s integrated supply chain capabilities for diverse commercial use cases.</li><li>As ofMarch 31, 2021, JD Logistics operated over 1,000 warehouses, which covered an aggregate gross floor area of over 21 million square meters, including warehouse space of cloud warehouses managed under the JD Logistics Open Warehouse Platform.</li></ul><p><b>Other Highlights</b></p><ul><li>In May,Jingdong Digits Technology Holding Co., Ltd.(“JD Digits”) was officially renamed asJingdong Technology Holding Co., Ltd.(“JD Technology”). During the quarter endedMarch 31, 2021,JD.com, through a subsidiary, transferred JD Cloud &amp; AI business and certain assets to JD Technology, in exchange for issuance of ordinary shares of JD Technology. Through this transaction, JD.com’s equity interest in JD Technology increased to approximately 42%. The company deconsolidated the operating results of JD Cloud &amp; AI business upon the completion date of the transaction, which wasMarch 31, 2021.JD.comwill continue to focus on its core competences and synergistic businesses to better serve customers, and JD Technology will be better positioned to deliver a suite of cutting-edge technology services to its business partners.</li></ul><p><b>Operational Metrics Update</b></p><ul><li>As ofMarch 31, 2021,JD.comhad over 310,000 employees excluding part-time and interns.</li></ul><p><b>First Quarter 2021 Financial Results</b></p><p><b><i>Net Revenues.</i></b>&nbsp;&nbsp; For the first quarter of 2021,JD.comreported net revenues ofRMB203.2 billion(US$31.0 billion), representing a 39.0% increase from the same period in 2020. Net product revenues increased by 34.7%, while net service revenues increased by 73.1% for the first quarter of 2021, as compared to the same period of 2020.</p><p><b><i>Cost of Revenues</i></b><b>.</b>Cost of revenues increased by 40.7% toRMB174.1 billion(US$26.6 billion) for the first quarter of 2021 fromRMB123.7 billionfor the first quarter of 2020.</p><p><b><i>Fulfillment Expenses</i></b><b>.</b>Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 32.7% toRMB13.8 billion(US$2.1 billion) for the first quarter of 2021 fromRMB10.4 billionfor the first quarter of 2020.</p><p><b><i>Marketing Expenses</i></b><b>.</b>Marketing expenses increased by 56.6% toRMB7.0 billion(US$1.1 billion) for the first quarter of 2021 fromRMB4.5 billionfor the first quarter of 2020.</p><p><b><i>Research and Development Expenses</i></b><b>.</b>Research and development expenses increased by 15.1% toRMB4.5 billion(US$0.7 billion) for the first quarter of 2021 fromRMB3.9 billionfor the first quarter of 2020.</p><p><b><i>General and Administrative Expenses</i></b><b>.</b>&nbsp;&nbsp; General and administrative expenses increased by 56.8% toRMB2.2 billion(US$0.3 billion) for the first quarter of 2021 fromRMB1.4 billionfor the first quarter of 2020. The increase was primarily due to the increase in share-based compensation expenses in relation to JD Health’s and JD Logistics’s share incentive plans.</p><p><b><i>Income from Operations and Non-GAAP Income from Operations.</i></b>Income from operations for the first quarter of 2021 wasRMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year. Non-GAAP income from operations for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared to non-GAAP income from operations ofRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7% for the first quarter of 2020.</p><p><b><i>Non-GAAP EBITDA</i></b>for the first quarter of 2021 wasRMB4.9 billion(US$0.8 billion), compared toRMB4.5 billionfor the first quarter of 2020.</p><p><b><i>Share of Results of Equity Investees.</i></b>&nbsp;&nbsp; In the first quarter of 2021, share of results of equity investees was an income ofRMB0.7 billion(US$0.1 billion), which was mainly contributed by JD Technology. In the first quarter of 2020, share of results of equity investees was a loss ofRMB1.1 billion, which was mainly resulted fromJiangsu Five Star, Dada and Yixin.</p><p><b><i>Net Income</i></b>&nbsp;<b><i>Attributable to Ordinary Shareholdersand Non-GAAP Net IncomeAttributable to Ordinary Shareholders.</i></b>Net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year. Non-GAAP net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB4.0 billion(US$0.6 billion), compared toRMB3.0 billionfor the same period last year.</p><p><b><i>Diluted EPS and Non-GAAP Diluted EPS.</i></b>Diluted net income per ADS for the first quarter of 2021 wasRMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020. Non-GAAP diluted net income per ADS for the first quarter of 2021 wasRMB2.47(US$0.38), compared toRMB1.98for the first quarter of 2020.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","09618":"京东集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136116599","content_text":"Chinese e-commerce platform JD.com Inc reported a 39% rise in quarterly revenue on Wednesday, aided by an expanded product line-up that helped lure in more users.Net revenue at JD.com, China's largest e-commerce company by revenue, rose to 203.2 billion yuan ($31.57 billion) in the quarter ended March 31 from 146.2 billion yuan a year earlier. Analysts on average had expected revenue of 191.83 billion yuan, according to IBES data from Refinitiv.The shares of JD.com jumped more than 1% from a drop in premarket trading.First Quarter 2021 HighlightsNet revenues for the first quarter of 2021 were RMB203.2 billion(US$131.0 billion), an increase of 39.0% from the first quarter of 2020. Net service revenues for the first quarter of 2021 were RMB27.9 billion(US$4.3 billion), an increase of 73.1% from the first quarter of 2020.Income from operations for the first quarter of 2021 was RMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year.Non-GAAP2income from operations for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared toRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7%3for the first quarter of 2020.Net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year.Non-GAAP net income attributable to ordinary shareholders for the first quarter of 2021 was RMB4.0 billion(US$0.6 billion), compared to RMB3.0 billionfor the same period last year.Diluted net income per ADS for the first quarter of 2021 was RMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020.Non-GAAP diluted net income per ADS for the first quarter of 2021 was RMB2.47(US$0.38), compared toRMB1.98for the same period last year.Annual active customer accounts4 increased by 29.0% to 499.8 million in the twelve months ended March 31, 2021from 387.4 million in the twelve months endedMarch 31, 2020.“As we mark JD.com’s 18th anniversary, we are pleased to deliver another strong quarter of growth to kick off 2021,” saidRichard Liu, Chairman and Chief Executive Officer ofJD.com. “Since our establishment, JD’s focus on customers has set us apart and today we are proud that 500 million active users rely on JD’s broad selection of quality products and best-in-class customer services to support every aspect of their lives. JD is also increasingly the partner of choice for millions of businesses who benefit from our advanced supply-chain infrastructure to reduce costs and boost operating efficiency.”“As our strong growth momentum from last year continued into the first quarter of 2021, we are also encouraged by the diversification of our revenue streams with an increasing contribution from service revenues.” saidSandy Xu, Chief Financial Officer ofJD.com. “JD Retail’s operating margin further expanded during the quarter, as we continue to drive stronger operating leverage through technology and innovation.”Business HighlightsEnvironment, Social and GovernanceJD.comreleased its first ESG report onApril 19thhighlighting the company’s long-term approach to ESG initiatives and corporate social responsibility. The report details JD.com’s vision of leveraging the digital supply chain to boost the real economy, improve efficiency and enhance environmentally friendly initiatives including green supply chain, green data centers and poverty alleviation.As part of its commitment to poverty alleviation,JD.comhelped impoverished counties to market more than 3 million local commodities online.JD.comwill focus on rural digitalization to promote the sustainable development of rural areas in the future. With over 80% ofJD.comfront-line employees originally from rural areas,JD.comprovides sustainable employment opportunities and social insurance and housing fund for hundreds of thousands of employees throughout ruralChina.JD RetailJD.comandLouis Vuittonlaunched an innovative cooperation in April. The ground-breaking cooperation model connectsLouis Vuittondirectly with JD.com’s high-quality customers, providing them with access to the brand while further enhancing the luxury shopping experience onJD.com.In the first quarter,JD.comhas started new partnerships with a wide spectrum of luxury brands.John Lobb, the luxury shoes and boots brand under Hermès Group, recently launched flagship stores onJD.com. Some brands went further to partner withJD.comin supply chain services. Italian brand Marni not only launched a flagship store onJD.com, but also adopted a customized one-stop solution offered byJD.com, covering marketing, technology, and supply chain management. With this service, customers can purchase directly from Marni’s inventory with the products delivered by JD Logistics.In response to local authorities’ appeals to limit travel during this year’s Spring Festival, JD Retail collaborated with JD Logistics to provide non-stop delivery during Spring Festival for the ninth consecutive year and launched a series of initiatives for the JD New Year Shopping Festival. JD City-wide Shopping collaborated with JD Daojia (JDDJ) to coordinate inventory, logistics and employee resources in order to provide uninterrupted services during the Spring Festival holiday. Through cooperation with well-known chain retailers,JD.comprovided residents in more than 1,400 counties, districts and cities across the country with one-hour delivery service for products across all categories.JD.comalso upgraded the hassle-free shopping experience on its third-party platform, offering delivery time and price guarantees, free pickup for returns, as well as flash refunds.During the first quarter, JD Home entered into strategic cooperation with Honor, Xiaomi, OPPO,OnePlus, realme, and other cellphone brands to collaborate on innovative omni-channel marketing initiatives, including in retail chain stores. JD Home has already achieved National Key Account (NKA) status with many major cellphone brands, supporting their omni-channel retail channels and the offline shopping experience. JD Home provides brands with additional channels to connect with customers and accelerate growth through omni-channel sales, user services, and event marketing.JD.com’s recent announcement that it will increase its stake inDada Group(Dada) marks a tighter collaboration under the omni-channel strategy. Dada will have the full support ofJD.comand strategically undertake JD’s local on-demand retail and delivery businesses. Through this alignment,JD.comand Dada will be able to provide JD.com’s nearly 500 million annual active customers with superior customer services and enriched coverage in on-demand retail and delivery, and will accelerate the digital transformation of real economy enterprises.JD HealthIn February, JD Health announced the launch of theRare Diseases Care Project, under which it establishedJD Pharmacy Rare Diseases Care Centerand a dedicated fund for patients with rare diseases. In collaboration with partners from all relevant fields, the Project leverages JD Health’s supply chain capabilities and comprehensive healthcare offerings to create a one-stop solution for rare disease patients inChinaproviding financial assistance as well as ongoing support for diagnosis, treatment and access to medication.JD LogisticsOnApril 17, JD Logistics andTencentSmart Retail jointly announced the launch ofJD-Tencent Cloud Warehouse. Integrated with JD Logistics cloud warehouse technologies, logistics platform and supply chain capabilities, as well asTencentSmart Retail's smart retailing analysis technology,JD-Tencent Cloud Warehouseprovides integrated solutions including business leads, branding and marketing as well as logistics services to merchants and warehousing companies, supporting areas including private traffic operations, traffic promotions, supply chains and logistics. Following its launch in 2017 to serve third-party warehouses and merchants,JD Cloud Warehousecan now leverage this partnership to serve new business models including social and live-streaming e-commerce, further opening JD Logistics’s integrated supply chain capabilities for diverse commercial use cases.As ofMarch 31, 2021, JD Logistics operated over 1,000 warehouses, which covered an aggregate gross floor area of over 21 million square meters, including warehouse space of cloud warehouses managed under the JD Logistics Open Warehouse Platform.Other HighlightsIn May,Jingdong Digits Technology Holding Co., Ltd.(“JD Digits”) was officially renamed asJingdong Technology Holding Co., Ltd.(“JD Technology”). During the quarter endedMarch 31, 2021,JD.com, through a subsidiary, transferred JD Cloud & AI business and certain assets to JD Technology, in exchange for issuance of ordinary shares of JD Technology. Through this transaction, JD.com’s equity interest in JD Technology increased to approximately 42%. The company deconsolidated the operating results of JD Cloud & AI business upon the completion date of the transaction, which wasMarch 31, 2021.JD.comwill continue to focus on its core competences and synergistic businesses to better serve customers, and JD Technology will be better positioned to deliver a suite of cutting-edge technology services to its business partners.Operational Metrics UpdateAs ofMarch 31, 2021,JD.comhad over 310,000 employees excluding part-time and interns.First Quarter 2021 Financial ResultsNet Revenues.   For the first quarter of 2021,JD.comreported net revenues ofRMB203.2 billion(US$31.0 billion), representing a 39.0% increase from the same period in 2020. Net product revenues increased by 34.7%, while net service revenues increased by 73.1% for the first quarter of 2021, as compared to the same period of 2020.Cost of Revenues.Cost of revenues increased by 40.7% toRMB174.1 billion(US$26.6 billion) for the first quarter of 2021 fromRMB123.7 billionfor the first quarter of 2020.Fulfillment Expenses.Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 32.7% toRMB13.8 billion(US$2.1 billion) for the first quarter of 2021 fromRMB10.4 billionfor the first quarter of 2020.Marketing Expenses.Marketing expenses increased by 56.6% toRMB7.0 billion(US$1.1 billion) for the first quarter of 2021 fromRMB4.5 billionfor the first quarter of 2020.Research and Development Expenses.Research and development expenses increased by 15.1% toRMB4.5 billion(US$0.7 billion) for the first quarter of 2021 fromRMB3.9 billionfor the first quarter of 2020.General and Administrative Expenses.   General and administrative expenses increased by 56.8% toRMB2.2 billion(US$0.3 billion) for the first quarter of 2021 fromRMB1.4 billionfor the first quarter of 2020. The increase was primarily due to the increase in share-based compensation expenses in relation to JD Health’s and JD Logistics’s share incentive plans.Income from Operations and Non-GAAP Income from Operations.Income from operations for the first quarter of 2021 wasRMB1.7 billion(US$0.3 billion), compared toRMB2.3 billionfor the same period last year. Non-GAAP income from operations for the first quarter of 2021 wasRMB3.5 billion(US$0.5 billion), compared to non-GAAP income from operations ofRMB3.3 billionfor the first quarter of 2020. Operating margin of JD Retail before unallocated items for the first quarter of 2021 was 4.0%, compared to 3.7% for the first quarter of 2020.Non-GAAP EBITDAfor the first quarter of 2021 wasRMB4.9 billion(US$0.8 billion), compared toRMB4.5 billionfor the first quarter of 2020.Share of Results of Equity Investees.   In the first quarter of 2021, share of results of equity investees was an income ofRMB0.7 billion(US$0.1 billion), which was mainly contributed by JD Technology. In the first quarter of 2020, share of results of equity investees was a loss ofRMB1.1 billion, which was mainly resulted fromJiangsu Five Star, Dada and Yixin.Net Income Attributable to Ordinary Shareholdersand Non-GAAP Net IncomeAttributable to Ordinary Shareholders.Net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB3.6 billion(US$0.6 billion), compared toRMB1.1 billionfor the same period last year. Non-GAAP net income attributable to ordinary shareholders for the first quarter of 2021 wasRMB4.0 billion(US$0.6 billion), compared toRMB3.0 billionfor the same period last year.Diluted EPS and Non-GAAP Diluted EPS.Diluted net income per ADS for the first quarter of 2021 wasRMB2.25(US$0.34), compared toRMB0.72for the first quarter of 2020. Non-GAAP diluted net income per ADS for the first quarter of 2021 wasRMB2.47(US$0.38), compared toRMB1.98for the first quarter of 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899204473,"gmtCreate":1628187203492,"gmtModify":1633752820006,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Good.","listText":"Good.","text":"Good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899204473","repostId":"1117772028","repostType":4,"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107627832,"gmtCreate":1620484376626,"gmtModify":1634198457489,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Nice nice","listText":"Nice nice","text":"Nice nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107627832","repostId":"1106882084","repostType":4,"repost":{"id":"1106882084","pubTimestamp":1620451121,"share":"https://www.laohu8.com/m/news/1106882084?lang=&edition=full","pubTime":"2021-05-08 13:18","market":"us","language":"en","title":"US IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO week","url":"https://stock-news.laohu8.com/highlight/detail?id=1106882084","media":"renaissancecap...","summary":"Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings.The largest deal of the week,Enact Holdings plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.Cros","content":"<p>Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance company<b>Enact Holdings</b>(ACT).</p>\n<p>The largest deal of the week,<b>Enact Holdings</b>(ACT) plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.</p>\n<p>Cross-border e-commerce platform<b>Global-E Online</b>(GLBE) plans to raise $360 million at a $4.0 billion market cap. The company states that it has built the world’s leading platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. Fast growing and profitable in 2020, Global-E has over 400 merchants on its platform and currently supports transactions in over 200 markets worldwide.</p>\n<p>Hearing care services provider<b>hear.com</b>(HCG) plans to raise $300 million at a $2.1 billion market cap. The company’s data-driven approach to hearing care enables them to deliver a personalized experience and respond to customer needs in real time. While its conversion rate fell slightly in the FY20, hear.com saw 25%+ increases in both appointments and total customer sales.</p>\n<p>Brazilian customer experience platform<b>Zenvia</b>(ZENV) plans to raise $213 million at a $607 million market cap. The company’s software platform facilitated the flow of communication for more than 9,400 customers throughout Latin America as of December 31, 2020. While it achieved a standalone net revenue expansion rate of over 110%, Zenvia’s EBIT turned negative in 2020.</p>\n<p>Israeli web analytics provider<b>Similarweb</b>(SMWB) plans to raise $160 million at a $1.7 billion market cap. The company has blue-chip customers across a variety of industries, and they include marketers, strategy teams, salespeople, analysts, and investors. Similarweb has demonstrated growth, though it remains small and unprofitable with widening losses.</p>\n<p>Online hydroponic equipment supplier<b>iPower</b>(IPW) plans to raise $24 million at a $202 million market cap. Fast growing and profitable, the company sells equipment that enables its customers to grow fruits, vegetables, flowers, and other plants, including cannabis, through its own website and third party retailers like Amazon, eBay, and Walmart.</p>\n<p>Canadian cannabis products developer<b>Flora Growth</b>(FLGC) plans to raise $15 million at a $221 million market cap. Flora Growth cultivates and processes medical-grade cannabis oil and other cannabis derived products in Colombia. Flora Growth is highly unprofitable, and it just began generating revenues this past August.</p>\n<p><img src=\"https://static.tigerbbs.com/57e90b667064a33ea39693340582c44c\" tg-width=\"1064\" tg-height=\"646\"></p>","source":"lsy1619493174116","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>US IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO week</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\">\nUS IPO Week Ahead: Mortgage insurance and cross-border e-commerce lead a 7 IPO week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 13:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/81602/US-IPO-Week-Ahead-Mortgage-insurance-and-cross-border-e-commerce-lead-a-7-I><strong>renaissancecap...</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings(ACT).\nThe largest deal of the week,Enact Holdings(ACT) plans to raise $497 ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/81602/US-IPO-Week-Ahead-Mortgage-insurance-and-cross-border-e-commerce-lead-a-7-I\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/81602/US-IPO-Week-Ahead-Mortgage-insurance-and-cross-border-e-commerce-lead-a-7-I","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106882084","content_text":"Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings(ACT).\nThe largest deal of the week,Enact Holdings(ACT) plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.\nCross-border e-commerce platformGlobal-E Online(GLBE) plans to raise $360 million at a $4.0 billion market cap. The company states that it has built the world’s leading platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. Fast growing and profitable in 2020, Global-E has over 400 merchants on its platform and currently supports transactions in over 200 markets worldwide.\nHearing care services providerhear.com(HCG) plans to raise $300 million at a $2.1 billion market cap. The company’s data-driven approach to hearing care enables them to deliver a personalized experience and respond to customer needs in real time. While its conversion rate fell slightly in the FY20, hear.com saw 25%+ increases in both appointments and total customer sales.\nBrazilian customer experience platformZenvia(ZENV) plans to raise $213 million at a $607 million market cap. The company’s software platform facilitated the flow of communication for more than 9,400 customers throughout Latin America as of December 31, 2020. While it achieved a standalone net revenue expansion rate of over 110%, Zenvia’s EBIT turned negative in 2020.\nIsraeli web analytics providerSimilarweb(SMWB) plans to raise $160 million at a $1.7 billion market cap. The company has blue-chip customers across a variety of industries, and they include marketers, strategy teams, salespeople, analysts, and investors. Similarweb has demonstrated growth, though it remains small and unprofitable with widening losses.\nOnline hydroponic equipment supplieriPower(IPW) plans to raise $24 million at a $202 million market cap. Fast growing and profitable, the company sells equipment that enables its customers to grow fruits, vegetables, flowers, and other plants, including cannabis, through its own website and third party retailers like Amazon, eBay, and Walmart.\nCanadian cannabis products developerFlora Growth(FLGC) plans to raise $15 million at a $221 million market cap. Flora Growth cultivates and processes medical-grade cannabis oil and other cannabis derived products in Colombia. Flora Growth is highly unprofitable, and it just began generating revenues this past August.","news_type":1},"isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197940964,"gmtCreate":1621422915058,"gmtModify":1634189286880,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Yap it's GG down.","listText":"Yap it's GG down.","text":"Yap it's GG down.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197940964","repostId":"1107558091","repostType":4,"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191489246,"gmtCreate":1620898422085,"gmtModify":1634195465702,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Wow that's alot...","listText":"Wow that's alot...","text":"Wow that's alot...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191489246","repostId":"2135584647","repostType":4,"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191415102,"gmtCreate":1620898178906,"gmtModify":1634195468629,"author":{"id":"3583576314764646","authorId":"3583576314764646","name":"NickyBoy","avatar":"https://static.tigerbbs.com/3bac59e664ff53d882124aaccc096cf7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583576314764646","authorIdStr":"3583576314764646"},"themes":[],"htmlText":"Nice !","listText":"Nice !","text":"Nice !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191415102","repostId":"191490459","repostType":1,"repost":{"id":191490459,"gmtCreate":1620896044471,"gmtModify":1620896044471,"author":{"id":"3503452965237041","authorId":"3503452965237041","name":"美股研究社","avatar":"https://static.tigerbbs.com/a239c7906133df1f3817d0746a8a0ba1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3503452965237041","authorIdStr":"3503452965237041"},"themes":[],"title":"阿里巴巴旗下天猫淘宝海外宣布战略升级，今年全年将助力10万国货新商家加速出海","htmlText":"美股研究社消息，36氪获悉，今日，<a target=\"_blank\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a>&nbsp;跨境出口电商平台天猫淘宝海外宣布战略升级，全面开放商家出海通道，升级物流、支付、运营、售后等服务，实现商家零门槛一键入驻、运营成本大幅降低、跨境物流与支付更便捷。天猫淘宝海外事业部总经理叶剑秋表示，今年全年将助力10万国货新商家加速出海。 本文来源：美股研究社，转载请注明版权","listText":"美股研究社消息，36氪获悉，今日，<a target=\"_blank\" href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$</a>&nbsp;跨境出口电商平台天猫淘宝海外宣布战略升级，全面开放商家出海通道，升级物流、支付、运营、售后等服务，实现商家零门槛一键入驻、运营成本大幅降低、跨境物流与支付更便捷。天猫淘宝海外事业部总经理叶剑秋表示，今年全年将助力10万国货新商家加速出海。 本文来源：美股研究社，转载请注明版权","text":"美股研究社消息，36氪获悉，今日，$阿里巴巴(BABA)$ 跨境出口电商平台天猫淘宝海外宣布战略升级，全面开放商家出海通道，升级物流、支付、运营、售后等服务，实现商家零门槛一键入驻、运营成本大幅降低、跨境物流与支付更便捷。天猫淘宝海外事业部总经理叶剑秋表示，今年全年将助力10万国货新商家加速出海。 本文来源：美股研究社，转载请注明版权","images":[{"img":"https://static.tigerbbs.com/6c7c4aa7f09e77ea280e89f67f9a14b3","width":"500","height":"375"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/191490459","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}