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amd
2022-11-19
共同富裕?有点扯淡了
分京东、发美团,“腾讯系”成为过去时
amd
2021-11-13
$SOS Limited(SOS)$
增发完成没有?
amd
2021-11-03
$Histogenics Corporation(OCGN)$
这个公司只是经销疫苗,美、加还未获准。而且美加两国的疫苗市场已经不大了。股票上涨是多头资金利用利多消息挤压空头。
amd
2020-11-25
$达达集团(DADA)$
没有期权?
amd
2020-11-11
$Beyond Meat, Inc.(BYND)$
换手率惊人
amd
2020-11-10
$BioNTech SE(BNTX)$
三期临床只有90个人?我国紧急接种的疫苗都几万人了
amd
2020-11-09
$Cronos Group Inc.(CRON)$
看财报是亏损的,为什么老虎这里显示的是盈利?
amd
2020-06-23
$西方石油(OXY)$
不跟期货,卖盘不断
amd
2020-06-19
$赫兹(HTZ)$
这里发言如此活跃。
amd
2020-06-18
$赫兹(HTZ)$
不让卖新股还成利好了
amd
2020-06-17
$赫兹(HTZ)$
莫名其妙的上涨
amd
2020-06-12
$塞德斯医疗(CLDX)$
什么情况?
amd
2020-06-12
$拼多多(PDD)$
真坚挺
amd
2020-06-11
居然疫苗股都没动静
据华尔街日报:美国政府称Moderna疫苗的最后阶段试验将在7月开始,强生...
amd
2020-06-10
$Beyond Meat, Inc.(BYND)$
砸盘很凶
amd
2020-06-10
$Beyond Meat, Inc.(BYND)$
奔向200的节奏
amd
2020-06-10
$房多多(DUO)$
有钱确实可以任性。但为嘛不对倒一些成家量出来呢?
amd
2020-06-10
$赫兹(HTZ)$
盘前机构还在折腾。今天公告说纽交所5月26号通知公司退市,公司申请开听证会。
amd
2020-06-10
$赫兹(HTZ)$
今晚能不能跌到1.5-1.8区间?
amd
2020-06-10
$Nikola Corporation(NKLAW)$
谁知道这个代码交易的的什么标的?
去老虎APP查看更多动态
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13:48","market":"hk","language":"zh","title":"分京东、发美团,“腾讯系”成为过去时","url":"https://stock-news.laohu8.com/highlight/detail?id=1161932790","media":"野马财经","summary":"几个月前的传言,如今正式应验。腾讯对投资版图的收缩,仍在继续。临近年底,腾讯给股东们发了个“大红包”。11月16日,腾讯以“分红式减持”的方式将约9.58亿股美团股份以特别中期股息的方式派发给了股东。","content":"<html><head></head><body><blockquote><b>几个月前的传言,如今正式应验。腾讯对投资版图的收缩,仍在继续。</b></blockquote><p>临近年底,腾讯给股东们发了个“大红包”。</p><p>11月16日,腾讯以“分红式减持”的方式将约9.58亿股美团股份以特别中期股息的方式派发给了股东。<b>以11月15日美团收盘股价166.4港元/股计算,该部分股份价值约1594亿港元。减持后,腾讯在美团持股比例下降超九成。</b></p><p>与此同时,腾讯总裁刘炽平也卸任了美团董事。美团方面称,此后仍将和腾讯维持互惠共赢的商业合作关系,包括延续现有的战略合作协议。</p><p>11月17日,腾讯、美团股价双双下跌,截至上午11时,美团跌近6%,腾讯跌近3%。</p><p>值得一提的是,2021年12月23日,腾讯也曾通过“分红式减持”,将自己在京东的持股比例由17%降至2.3%。</p><p><img src=\"https://static.tigerbbs.com/e84fcd6cad953507a14dcab199a88f5a\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>近一年,腾讯减持动作频频,除美团、京东外,遭减持的上市公司还包括新东方、华谊兄弟、步步高等。<b>最新发布的三季报中,腾讯于联营公司的投资(由直接及间接持有的上市股权权益构成)的公允价值为3760.76亿元,而去年年底,该数据尚为6346.61亿元。仅用时9个月便减少了2585.85亿元。</b></p><p><img src=\"https://static.tigerbbs.com/e9fea534820c4b47d3c4654542127b75\" tg-width=\"1080\" tg-height=\"247\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>来源:腾讯三季报</p><p>资深互联网观察家丁道师认为,减持美团并不是结束,腾讯投资的头部互联网企业还有拼多多、快手、滴滴、58同城等等,相信腾讯会继续“卖、卖、卖”。只是其所投资的企业体量太大,需要一步步来。</p><p><b>腾讯“削藩”</b></p><p>美团发展的过程中,腾讯一度发挥了重要作用。</p><p>腾讯不仅参与了美团上市前后的多轮融资,还在业务层面对美团的外卖、大众点评、摩拜单车等多个产品进行流量扶持。此次减持前,腾讯通过多家主体在美团的持股比例约为17%。</p><p>雪球网友“ICPA”曾统计,不考虑美团上市后,腾讯从二级市场买入的少量股份,腾讯在美团上的投资成本约40.73亿美元。目前美团市值约1万亿港元,腾讯所持股份价值约218亿美元,即使在过去一年中概股普跌的背景下,腾讯对美团投资浮盈仍十分丰厚。</p><p>事实上,腾讯计划出售大部分美团股份的消息早在三个月前就曾传出,彼时受消息面影响,美团股价一度跌超10%,带崩了港股。而腾讯高管则在二季度财报电话会议中称“新闻不准确”,美团对此也未予置评。</p><p>如今,腾讯已完成对美团的减持。外界多认为根本原因在于<b>反垄断和反对资本无序扩张的影响。</b>腾讯配合监管政策,主动减持手中持有的一些平台企业的股权,以避免平台与平台之间的所谓“联盟”关系,主动退出总比被罚出去要好。</p><p><img src=\"https://static.tigerbbs.com/22612e6800085b379502813e3b7369ff\" tg-width=\"1080\" tg-height=\"810\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>来源:罐头图库</p><p>2021年,互联网领域作为反垄断重点行业,经历了强监管的一年。其中,防止互联网资本无序扩张是反垄断的重要工作之一,因而平台企业的并购、投资行为尤其受到监管注视。4月,阿里巴巴因涉及“二选一”行为被罚182.28亿元;7月,斗鱼与虎牙的合并被监管叫停,背后腾讯作为主导方,收到了互联网企业首张“经营者集中”的行政禁令;10月,美团也因涉及“二选一”被罚34.42亿元。</p><p>丁道师称,如今腾讯一系列举措,都是有意迎合遵守监管政策的正面举措。这可以让公司获得更为稳定和利好的长期发展环境。</p><p>从商业本质角度来说,<b>即使是巴菲特也曾多次减持优秀企业股票,来优化资产配置,实现资产可持续增长。</b>过去几年,亚马逊、苹果、微软等优秀股票频频被投资人减持获益,这并不代表投资人不看好亚马逊、苹果等巨头。</p><p>“对京东、美团来说,他们经过多年发展,自身努力+腾讯赋能,已经成长为成熟的平台级商业零售企业。且经过此番调整,京东、美团们的股权进一步分散,更有利于长远发展。”丁道师表示。</p><p><b>此外,去年减持京东时腾讯以及业内人士的态度和表达也可以在此时此刻作为参考。</b></p><p>腾讯称,主要原因一是投资了八年,京东和旗下上市公司已经实现自我造血,具备完整的融资能力;二是腾讯和京东依然是战略合作关系,腾讯仍持有部分京东股票;三是腾讯保持“长期投资”战略不变,支持成长性企业的投资战略不变,目前腾讯也正在增加对硬科技企业的投资。</p><p>不过,腾讯内部人士认为,减持京东与反垄断并无关联。</p><p>至于为何采取罕见的派息式减持,腾讯表示一是为了对股东的回报,二是为了不构成京东二级市场波动。</p><p><img src=\"https://static.tigerbbs.com/56ccc5eab8f3cfad8f730d8ca63878e0\" tg-width=\"1080\" tg-height=\"810\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>来源:罐头图库</p><p>减持美团亦有类似的效果。此次腾讯派息的分派比例为10:1,按照11月15日美团收盘价计算,每持有1000股腾讯股票就能获得价值16640港元的美团股票,<b>此举可进一步充实一众腾讯股东的腰包,一定程度上有助于实现共同富裕。</b></p><p>网经社电子商务研究中心特约研究员、上海正策律师事务所董毅智律师表示,从公司财务的视角看,腾讯做出了一个有利于股东(但不一定有利于管理层自身)的决策。这个决策足以让长期投资者额手称庆,因为它说明腾讯确实把股东利益放在了第一位,是要为股东赚钱,而不是赚股东的钱。这也是腾讯在港股上市十多年来一直深受机构投资者欢迎的根本原因。</p><p>腾讯如此大幅度地减持京东、美团,派息式减持应该是最好的选择,<b>一是按照如今的形势看,要抛售价值高达千亿港元的股权,能不能找到有足够资金的接盘方还得另说;二是如果是在二级市场通过大宗交易集中竞价的方式一点点抛售,需要花费不少时间精力。</b></p><p>此外,自2021年初以来,中概股市场行情并不好,适当减持中概股股权也有利于腾讯降低投资风险。</p><p>另一方面,派息式减持虽然不会增加腾讯财务报表上的投资收益,但实物派息可以降低企业税收,分到股权的投资者也能免去现金分红的股息税。</p><p>网经社电子商务研究中心特约研究员、上海汉盛律师事务所高级合伙人李旻律师提到,以持有股票派息替代现金分红,也能较好的保持公司现金流,而被派息的股东可以选择继续持有京东、美团股份或者卖掉对应股票。总体而言,近年京东、美团营收增长成绩较好,以股票进行派息也不会对股东利益造成损害。同时正因为京东、美团已具有自筹资金的能力,腾讯基于对公司的信心方能大胆派息减持。因此总体而言,此次事件可能会取得多方共赢的结果。</p><p>而对于京东、美团而言,第一大股东派息式减持,仅留下约2%的股份,短期内难免会有股价波动的风险。长期来看,腾讯退出,<b>京东、美团也能彻底撕掉“腾讯系”的标签,且仍与腾讯保持战略合作的友好关系。</b>腾讯投资的数年间,京东、美团均实现了突破性的成长,如今两家公司市值合计约两千亿美元,基本面不会因为腾讯减持发生变化。</p><p><img src=\"https://static.tigerbbs.com/8969ab4cf92936bc277070795b1d951f\" tg-width=\"1080\" tg-height=\"810\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>来源:罐头图库</p><p>过去,京东、美团、拼多多等深度绑定腾讯和微信流量的电商平台抢占先机。相较之下,阿里的流量饥渴越发明显。</p><p><b>随着互联网领域的互联互通不断推进,各平台之间原本封闭的流量逐渐打通,再不需要通过股权强绑定或者“派系”、“联盟”的关系获取流量。公平竞争将是未来电商市场的主基调,各方都有意在资本市场撕去“腾讯系”这个标签。</b></p><p>而通过深耕物流、仓储等一体化供应链服务,以及遍布全国的线下门店,京东、美团都在转型成为同时具备实体企业基因和属性、拥有数字技术和能力的新型实体企业,对于流量的依赖自然也在降低。</p><p>另外,痛痛快快地一次性减持掉京东、美团的股权,也好过在市场上放出减持计划,耗时数月一点点抛售。如此的话,在减持计划完成之前,京东、美团将一直处在大股东减持的利空下,股价持续阴跌的风险大增,这样的做法对于合作多年的商业伙伴并不厚道。</p><p><b>“腾讯系”70家上市公司何去何从?</b></p><p>2011年初,“什么是腾讯开放能力”的总办会上,马化腾让与会的16位高管,每个人在纸上写下他们认为的腾讯核心能力。</p><p>负责投资的刘炽平写了“资本”,负责微信的张小龙写了“流量”。这是内部圈定的唯二答案,对腾讯日后战略发展影响深远。</p><p>彼时腾讯刚经历了一场舆论倒戈和3Q大战,市场冷眼旁观腾讯将要以何种姿态开放,而资本链接是被认为是重要的可行路径。</p><p>自此,由刘炽平操刀的投资成为腾讯重要底色,也是争夺未来的必备武器。在2018年初的腾讯投资年会上,刘炽平就透露,腾讯投资企业所新增的价值已超过腾讯本身的市值。</p><p>也是在这场总办会之后,腾讯开始洽谈入股京东。不过,腾讯的投资版图远不止于此,作为中国互联网巨头,腾讯战投规模异常庞大,投资也逐渐成为腾讯的核心优势之一。包括拼多多、美团、快手、贝壳、蔚来、B站、阅文集团等在内的诸多独角兽的背后都有腾讯投资的身影。</p><p>然而,把投资版图做大做强的腾讯,也一度被外界质疑“投行化”。<b>依托微信拥有的巨大流量,腾讯不再亲力亲为“什么都做”,而是利用资本和各领域的头部公司的形成结盟关系,构成布局庞大的“腾讯系”:京东、拼多多、美团点评、58同城、滴滴、知乎、摩拜单车、B站、快手……跟哪个“马”姓,成了崭露头角的互联网初创公司几乎都要面对的问题。</b></p><p>IT桔子数据显示,腾讯投资自2020年至今一共投资了528家公司,行业涉及游戏、文化娱乐、新零售、人工智能、医疗健康、社区团购等多维度。<b>2020年初刘炽平曾在腾讯投资IF大会上披露,彼时腾讯投资的企业中有70多家已上市,逾160家成为市值或估值超10亿美金的独角兽。</b></p><p><img src=\"https://static.tigerbbs.com/92c8761dbd9c4cb52af8741b9ad87195\" tg-width=\"1080\" tg-height=\"845\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>来源:IT桔子</p><p>目前来看,<b>腾讯投资的整体逻辑并未发生根本性变化,仍是专注于早期企业,不过分追求控股式投资,更多倾向于财务投资。</b></p><p>腾讯方面表示,“投资发展期的成长型企业”一直是腾讯投资的主要战略方向,而当被投企业有持续自筹资金能力时,则选择在适当情况下退出投资并与股东分享收益。腾讯的“长期投资”战略从未改变。</p><p><b>即使是多数互联网企业投资数量、额度大幅下降的今年,腾讯也未停止投资的步伐,随着国内移动互联网的天花板来临,未来半导体芯片、自动驾驶、新能源等硬科技将是重点投注方向。</b></p><p>近期腾讯也频频在硬科技投资、实体产业扶持上投注。仅今年下半年,腾讯就先后参与了芯片制造企业燧原科技、光波导系统提供商光舟半导体等多家先进制造领域企业的融资。</p><p>另外,也可以预见,在防止资本无序扩张的大背景下,<b>未来互联网平台投资企业并寻求董事会席位,将存在极大的风险。</b>而在投资企业中主动降权,也并非腾讯一家在做,早前阿里不惜亏损,依然退出了芒果超媒等文化传媒的投资,主动降低自身在传媒行业的话语权。<b>后续可能将出现更多互联网巨头减持所投资公司股权的情况出现,腾讯才刚刚开了个头。</b></p></body></html>","source":"lsy1589532854679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n分京东、发美团,“腾讯系”成为过去时\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-17 13:48 北京时间 <a href=https://mp.weixin.qq.com/s/Q4UUa5gEQraQjJVpuK301g><strong>野马财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>几个月前的传言,如今正式应验。腾讯对投资版图的收缩,仍在继续。临近年底,腾讯给股东们发了个“大红包”。11月16日,腾讯以“分红式减持”的方式将约9.58亿股美团股份以特别中期股息的方式派发给了股东。以11月15日美团收盘股价166.4港元/股计算,该部分股份价值约1594亿港元。减持后,腾讯在美团持股比例下降超九成。与此同时,腾讯总裁刘炽平也卸任了美团董事。美团方面称,此后仍将和腾讯维持互惠共赢...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/Q4UUa5gEQraQjJVpuK301g\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e1238455e09ac8d1135014cb37eb0f4d","relate_stocks":{"00700":"腾讯控股","03690":"美团-W","09618":"京东集团-SW","JD":"京东"},"source_url":"https://mp.weixin.qq.com/s/Q4UUa5gEQraQjJVpuK301g","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161932790","content_text":"几个月前的传言,如今正式应验。腾讯对投资版图的收缩,仍在继续。临近年底,腾讯给股东们发了个“大红包”。11月16日,腾讯以“分红式减持”的方式将约9.58亿股美团股份以特别中期股息的方式派发给了股东。以11月15日美团收盘股价166.4港元/股计算,该部分股份价值约1594亿港元。减持后,腾讯在美团持股比例下降超九成。与此同时,腾讯总裁刘炽平也卸任了美团董事。美团方面称,此后仍将和腾讯维持互惠共赢的商业合作关系,包括延续现有的战略合作协议。11月17日,腾讯、美团股价双双下跌,截至上午11时,美团跌近6%,腾讯跌近3%。值得一提的是,2021年12月23日,腾讯也曾通过“分红式减持”,将自己在京东的持股比例由17%降至2.3%。近一年,腾讯减持动作频频,除美团、京东外,遭减持的上市公司还包括新东方、华谊兄弟、步步高等。最新发布的三季报中,腾讯于联营公司的投资(由直接及间接持有的上市股权权益构成)的公允价值为3760.76亿元,而去年年底,该数据尚为6346.61亿元。仅用时9个月便减少了2585.85亿元。来源:腾讯三季报资深互联网观察家丁道师认为,减持美团并不是结束,腾讯投资的头部互联网企业还有拼多多、快手、滴滴、58同城等等,相信腾讯会继续“卖、卖、卖”。只是其所投资的企业体量太大,需要一步步来。腾讯“削藩”美团发展的过程中,腾讯一度发挥了重要作用。腾讯不仅参与了美团上市前后的多轮融资,还在业务层面对美团的外卖、大众点评、摩拜单车等多个产品进行流量扶持。此次减持前,腾讯通过多家主体在美团的持股比例约为17%。雪球网友“ICPA”曾统计,不考虑美团上市后,腾讯从二级市场买入的少量股份,腾讯在美团上的投资成本约40.73亿美元。目前美团市值约1万亿港元,腾讯所持股份价值约218亿美元,即使在过去一年中概股普跌的背景下,腾讯对美团投资浮盈仍十分丰厚。事实上,腾讯计划出售大部分美团股份的消息早在三个月前就曾传出,彼时受消息面影响,美团股价一度跌超10%,带崩了港股。而腾讯高管则在二季度财报电话会议中称“新闻不准确”,美团对此也未予置评。如今,腾讯已完成对美团的减持。外界多认为根本原因在于反垄断和反对资本无序扩张的影响。腾讯配合监管政策,主动减持手中持有的一些平台企业的股权,以避免平台与平台之间的所谓“联盟”关系,主动退出总比被罚出去要好。来源:罐头图库2021年,互联网领域作为反垄断重点行业,经历了强监管的一年。其中,防止互联网资本无序扩张是反垄断的重要工作之一,因而平台企业的并购、投资行为尤其受到监管注视。4月,阿里巴巴因涉及“二选一”行为被罚182.28亿元;7月,斗鱼与虎牙的合并被监管叫停,背后腾讯作为主导方,收到了互联网企业首张“经营者集中”的行政禁令;10月,美团也因涉及“二选一”被罚34.42亿元。丁道师称,如今腾讯一系列举措,都是有意迎合遵守监管政策的正面举措。这可以让公司获得更为稳定和利好的长期发展环境。从商业本质角度来说,即使是巴菲特也曾多次减持优秀企业股票,来优化资产配置,实现资产可持续增长。过去几年,亚马逊、苹果、微软等优秀股票频频被投资人减持获益,这并不代表投资人不看好亚马逊、苹果等巨头。“对京东、美团来说,他们经过多年发展,自身努力+腾讯赋能,已经成长为成熟的平台级商业零售企业。且经过此番调整,京东、美团们的股权进一步分散,更有利于长远发展。”丁道师表示。此外,去年减持京东时腾讯以及业内人士的态度和表达也可以在此时此刻作为参考。腾讯称,主要原因一是投资了八年,京东和旗下上市公司已经实现自我造血,具备完整的融资能力;二是腾讯和京东依然是战略合作关系,腾讯仍持有部分京东股票;三是腾讯保持“长期投资”战略不变,支持成长性企业的投资战略不变,目前腾讯也正在增加对硬科技企业的投资。不过,腾讯内部人士认为,减持京东与反垄断并无关联。至于为何采取罕见的派息式减持,腾讯表示一是为了对股东的回报,二是为了不构成京东二级市场波动。来源:罐头图库减持美团亦有类似的效果。此次腾讯派息的分派比例为10:1,按照11月15日美团收盘价计算,每持有1000股腾讯股票就能获得价值16640港元的美团股票,此举可进一步充实一众腾讯股东的腰包,一定程度上有助于实现共同富裕。网经社电子商务研究中心特约研究员、上海正策律师事务所董毅智律师表示,从公司财务的视角看,腾讯做出了一个有利于股东(但不一定有利于管理层自身)的决策。这个决策足以让长期投资者额手称庆,因为它说明腾讯确实把股东利益放在了第一位,是要为股东赚钱,而不是赚股东的钱。这也是腾讯在港股上市十多年来一直深受机构投资者欢迎的根本原因。腾讯如此大幅度地减持京东、美团,派息式减持应该是最好的选择,一是按照如今的形势看,要抛售价值高达千亿港元的股权,能不能找到有足够资金的接盘方还得另说;二是如果是在二级市场通过大宗交易集中竞价的方式一点点抛售,需要花费不少时间精力。此外,自2021年初以来,中概股市场行情并不好,适当减持中概股股权也有利于腾讯降低投资风险。另一方面,派息式减持虽然不会增加腾讯财务报表上的投资收益,但实物派息可以降低企业税收,分到股权的投资者也能免去现金分红的股息税。网经社电子商务研究中心特约研究员、上海汉盛律师事务所高级合伙人李旻律师提到,以持有股票派息替代现金分红,也能较好的保持公司现金流,而被派息的股东可以选择继续持有京东、美团股份或者卖掉对应股票。总体而言,近年京东、美团营收增长成绩较好,以股票进行派息也不会对股东利益造成损害。同时正因为京东、美团已具有自筹资金的能力,腾讯基于对公司的信心方能大胆派息减持。因此总体而言,此次事件可能会取得多方共赢的结果。而对于京东、美团而言,第一大股东派息式减持,仅留下约2%的股份,短期内难免会有股价波动的风险。长期来看,腾讯退出,京东、美团也能彻底撕掉“腾讯系”的标签,且仍与腾讯保持战略合作的友好关系。腾讯投资的数年间,京东、美团均实现了突破性的成长,如今两家公司市值合计约两千亿美元,基本面不会因为腾讯减持发生变化。来源:罐头图库过去,京东、美团、拼多多等深度绑定腾讯和微信流量的电商平台抢占先机。相较之下,阿里的流量饥渴越发明显。随着互联网领域的互联互通不断推进,各平台之间原本封闭的流量逐渐打通,再不需要通过股权强绑定或者“派系”、“联盟”的关系获取流量。公平竞争将是未来电商市场的主基调,各方都有意在资本市场撕去“腾讯系”这个标签。而通过深耕物流、仓储等一体化供应链服务,以及遍布全国的线下门店,京东、美团都在转型成为同时具备实体企业基因和属性、拥有数字技术和能力的新型实体企业,对于流量的依赖自然也在降低。另外,痛痛快快地一次性减持掉京东、美团的股权,也好过在市场上放出减持计划,耗时数月一点点抛售。如此的话,在减持计划完成之前,京东、美团将一直处在大股东减持的利空下,股价持续阴跌的风险大增,这样的做法对于合作多年的商业伙伴并不厚道。“腾讯系”70家上市公司何去何从?2011年初,“什么是腾讯开放能力”的总办会上,马化腾让与会的16位高管,每个人在纸上写下他们认为的腾讯核心能力。负责投资的刘炽平写了“资本”,负责微信的张小龙写了“流量”。这是内部圈定的唯二答案,对腾讯日后战略发展影响深远。彼时腾讯刚经历了一场舆论倒戈和3Q大战,市场冷眼旁观腾讯将要以何种姿态开放,而资本链接是被认为是重要的可行路径。自此,由刘炽平操刀的投资成为腾讯重要底色,也是争夺未来的必备武器。在2018年初的腾讯投资年会上,刘炽平就透露,腾讯投资企业所新增的价值已超过腾讯本身的市值。也是在这场总办会之后,腾讯开始洽谈入股京东。不过,腾讯的投资版图远不止于此,作为中国互联网巨头,腾讯战投规模异常庞大,投资也逐渐成为腾讯的核心优势之一。包括拼多多、美团、快手、贝壳、蔚来、B站、阅文集团等在内的诸多独角兽的背后都有腾讯投资的身影。然而,把投资版图做大做强的腾讯,也一度被外界质疑“投行化”。依托微信拥有的巨大流量,腾讯不再亲力亲为“什么都做”,而是利用资本和各领域的头部公司的形成结盟关系,构成布局庞大的“腾讯系”:京东、拼多多、美团点评、58同城、滴滴、知乎、摩拜单车、B站、快手……跟哪个“马”姓,成了崭露头角的互联网初创公司几乎都要面对的问题。IT桔子数据显示,腾讯投资自2020年至今一共投资了528家公司,行业涉及游戏、文化娱乐、新零售、人工智能、医疗健康、社区团购等多维度。2020年初刘炽平曾在腾讯投资IF大会上披露,彼时腾讯投资的企业中有70多家已上市,逾160家成为市值或估值超10亿美金的独角兽。来源:IT桔子目前来看,腾讯投资的整体逻辑并未发生根本性变化,仍是专注于早期企业,不过分追求控股式投资,更多倾向于财务投资。腾讯方面表示,“投资发展期的成长型企业”一直是腾讯投资的主要战略方向,而当被投企业有持续自筹资金能力时,则选择在适当情况下退出投资并与股东分享收益。腾讯的“长期投资”战略从未改变。即使是多数互联网企业投资数量、额度大幅下降的今年,腾讯也未停止投资的步伐,随着国内移动互联网的天花板来临,未来半导体芯片、自动驾驶、新能源等硬科技将是重点投注方向。近期腾讯也频频在硬科技投资、实体产业扶持上投注。仅今年下半年,腾讯就先后参与了芯片制造企业燧原科技、光波导系统提供商光舟半导体等多家先进制造领域企业的融资。另外,也可以预见,在防止资本无序扩张的大背景下,未来互联网平台投资企业并寻求董事会席位,将存在极大的风险。而在投资企业中主动降权,也并非腾讯一家在做,早前阿里不惜亏损,依然退出了芒果超媒等文化传媒的投资,主动降低自身在传媒行业的话语权。后续可能将出现更多互联网巨头减持所投资公司股权的情况出现,腾讯才刚刚开了个头。","news_type":1},"isVote":1,"tweetType":1,"viewCount":921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879759233,"gmtCreate":1636777100538,"gmtModify":1636777100538,"author":{"id":"69890726734912","authorId":"69890726734912","name":"amd","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"69890726734912","authorIdStr":"69890726734912"},"themes":[],"htmlText":"<a 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