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一茗王

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2022-03-18

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2021-06-19

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Weekend Blockbuster! China Securities Regulatory Commission enlarges its move: these 8 major behaviors are banned from the market for life!

2021-03-04

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2021-03-04

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2021-02-21

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Lei Jun ended up "kicking football". Is it reliable for Xiaomi to build a car?

2021-02-20

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In addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla

2021-02-20

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In addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla

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On June 18th, Gao Li, spokesman of the CSRC, said at a regular press conference that in order to implement the new Securities Law and the new Administrative Punishment Law and other higher-level laws, the CSRC recently issued the revised Securities Market Banning Regulations (hereinafter referred to as the Regulations), which will come into effect on July 19th, 2021. The Regulations further improve the securities market...</p><p><a href=\"None\">Web link</a></div></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>Weekend Blockbuster! China Securities Regulatory Commission enlarges its move: these 8 major behaviors are banned from the market for life!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeekend Blockbuster! China Securities Regulatory Commission enlarges its move: these 8 major behaviors are banned from the market for life!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/6\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/2b2c79a68beb44c7bc06ad7210091200);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">中国基金报 </p>\n<p class=\"h-time smaller\">2021-06-19 00:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><div>After the identity market is banned, the transaction market is banned; It is clear that the prohibition of trading is applicable to illegal acts that seriously disrupt the order of securities trading or the fairness of trading; It is clear that eight major behaviors, such as serious illegal letter disclosure and adverse impact, will be banned from the market for life... On June 18th, Gao Li, spokesman of the CSRC, said at a regular press conference that in order to implement the new Securities Law and the new Administrative Punishment Law and other higher-level laws, the CSRC recently issued the revised Securities Market Banning Regulations (hereinafter referred to as the Regulations), which will come into effect on July 19th, 2021. The Regulations further improve the securities market...</p><p><a href=\"None\">Web link</a></div></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e0ab8365ea89ee143187cbf51d23ba8f","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144701567","content_text":"在身份类市场禁入后，新增交易类市场禁入类型；明确交易类禁入适用于严重扰乱证券交易秩序或者交易公平的违法行为；明确信披严重违法造成恶劣影响等8大行为将被终身禁入市场……\n6月18日，证监会新闻发言人高莉在例行发布会上表示，为贯彻落实新《证券法》和新《行政处罚法》等上位法规定，证监会近日发布修订后的《证券市场禁入规定》（以下简称《规定》），自2021年7月19日起施行。\n《规定》进一步完善了证券市场禁入规则，相关违法违规责任人员将被“逐出市场”，大幅提高财务造假者的违法成本和监管的执法震慑作用。三大方面修订内容\n进一步明确市场禁入类型\n根据新《证券法》和新《行政处罚法》相关规定，证监会在总结近年行政执法实践基础上，对《证券市场禁入规定》（简称原《规定》）进行了修订，形成《证券市场禁入规定》修订稿。\n本次修订遵循“有限目标、问题导向、尊重历史、稳定预期”的思路，对根据上位法确有必要修订的内容进行完善。主要修订内容包括：\n一是进一步明确市场禁入类型。\n根据新《证券法》将证券市场禁入措施分为“不得从事证券业务、证券服务业务，不得担任证券发行人的董事、监事、高级管理人员”（以下简称身份类禁入）以及“不得在证券交易所、国务院批准的其他全国性证券交易场所（以下统称证券交易场所）交易证券”（以下简称交易类禁入）两类，执法单位可以结合实际，选择单独适用或者合并适用相匹配的禁入类型。\n其中，身份类禁入沿用原《规定》的禁入措施，而交易类禁入属于新增措施。\n二是进一步明确交易类禁入适用规则。\n考虑到交易类禁入为新《证券法》增加的一类禁入措施，具有不同于身份类禁入的特殊性，证监会在充分借鉴境内外经验基础上，审慎确定了相关适用规则。即，对交易类禁入仅设置5年期限上限，在5年期限上限内，执法单位可根据实际违法情况采取与之匹配的禁入期限，以便于应对复杂多样的违法实际，确保该项制度平稳起步。\n同时，做好政策衔接和风险防控，对7类情形作出了除外规定，避免不同政策叠加碰头和引发执法次生风险。根据上述条文规定，有关责任人员被责令依法买回证券、被责令依法处理非法持有的证券、持有的证券被依法强制扣划或转让等情形作了例外规定。\n而为了防控市场风险，一方面，为避免因交易无法了结引发信用风险，将信用类交易业务纳入禁止交易的除外情形；另一方面，允许投资者卖出被禁入前已经持有的证券，大股东、实控人和董监高等如果被采取交易类禁入措施，仍可依法卖出被禁入前持有的股票，但是需要符合法律、行政法规、中国证监会以及各证券交易场所关于股份减持的相关规定，以避免发生“处置风险的风险”。\n三是进一步明确市场禁入对象和适用情形。\n根据近年来市场发展变化的现实情况，完善了禁入对象的涵盖范围。适用情形方面，明确将信息披露严重违法造成恶劣影响的情况列入终身禁入市场情形，同时，明确交易类禁入适用于严重扰乱证券交易秩序或者交易公平的违法行为。\n其中，《规定》将被人民法院生效司法裁判认定构成犯罪等8大情形，可以对有关责任人员终身采取证券市场禁入措施（注：身份类禁入）。此外，《规定》还进一步明确了相关语言表述含义、不履行市场禁入决定的后果以及新老规定实施的过渡期安排等内容。\n五年近300人次遭市场禁入\n执法力度显著提升\n事实上，在2015 年原《规定》实施后，证券市场禁入的执法力度显著增强，覆盖的违法行为类型更为全面，执法程序更加透明规范。近年来的执法实践证明，原《规定》总体是符合我国市场实际、行之有效的，市场禁入执法力度显著提升，市场禁入也覆盖了资本市场各主要违法行为类型，提升了执法的威慑力度。\n据证监会公示数据显示，2016年至2020年，共对298人次的自然人采取市场禁入。分年限看，其中3至5年和5至10年两档次市场禁入共计216人次，占比约72%；终身市场禁入82人次，占比约28%，采取市场禁入人次数比原《规定》 修订前5年增长142%，并且市场禁入的严厉程度较好匹配了实践中不同危害情节违法行为的发生频度。\n总体分析，原《规定》对监管部门以“零容忍”的态度依法从严打击相关违法违规责任人员提供了有力制度保障。\n另一方面，市场禁入已经覆盖了资本市场各主要违法行为类型，特别是对信息披露违法相关责任人员进行了“逐出市场”的有力打击，提高了财务造假者的违法成本和执法震慑作用，取得了较好的效果。数据显示，在2016年至2020年期间，内幕交易类违法市场禁入17人次，市场操纵类违法市场禁入26人次，信息披露类违法市场禁入191人次，从业人员违法类市场禁入21人次，其他违法类案件市场禁入43人次。\n证监会新闻发言人高莉表示，下一步，证监会将按照党中央、国务院关于对资本市场违法违规行为“零容忍”的要求，落实好新《证券法》、新《行政处罚法》和《规定》相关内容，依法严厉打击各类资本市场违法违规行为，把“严”的执法主基调长期坚持下去，同时加大与司法机关协调配合力度，综合运用民事、行政和刑事追责手段进一步提高违法违规成本，为资本市场更好服务于构建新发展格局提供坚强执法保障。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":5137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364312987,"gmtCreate":1614815237949,"gmtModify":1704775517906,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364312987","repostId":"1106033054","repostType":4,"isVote":1,"tweetType":1,"viewCount":4665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364316314,"gmtCreate":1614815215738,"gmtModify":1704775516776,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364316314","repostId":"1156410668","repostType":4,"isVote":1,"tweetType":1,"viewCount":4061,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360109829,"gmtCreate":1613863521861,"gmtModify":1704885489264,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360109829","repostId":"1166915001","repostType":4,"repost":{"id":"1166915001","kind":"news","weMediaInfo":{"introduction":"轻松诙谐，一览财经趣事。","home_visible":1,"media_name":"侃见财经","id":"1090688601","head_image":"https://static.tigerbbs.com/b30934034f584369aeef0c7ed4236314"},"pubTimestamp":1613789171,"share":"https://ttm.financial/m/news/1166915001?lang=en_US&edition=fundamental","pubTime":"2021-02-20 10:46","market":"hk","language":"zh","title":"Lei Jun ended up \"kicking football\". Is it reliable for Xiaomi to build a car?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166915001","media":"侃见财经","summary":"小米不仅走出了低谷，现在已经开始攀越高山了。2月19日，有媒体报道称，小米已经确定造车，且将造车作为战略级决策。知情人士还称，小米造车或将由雷军亲自带队。消息一出，小米集团股价盘中大涨12%，收盘回落","content":"<p>Not only has Xiaomi emerged from the trough, but it has now begun to climb the mountain. On February 19th, some media reported that Xiaomi had decided to build a car, and made it a strategic decision. People familiar with the matter also said that Xiaomi will build a car or be personally led by Lei Jun.</p><p><img src=\"https://static.tigerbbs.com/d092a5bfd1b9cb3b3655676043d00f0e\" tg-width=\"1080\" tg-height=\"771\" referrerpolicy=\"no-referrer\"></p><p>As soon as the news came out, Xiaomi Group's share price rose by 12% in the intraday session, closing back to 6.4%, with a total market value of HK$ 772.2 billion.</p><p>For Xiaomi's car manufacturing, Xiaomi Group responded that it would not respond for the time being, waiting for public information disclosure.</p><p>I think Xiaomi's car building is a high probability event. For new energy vehicles, a track with relatively \"low threshold\" and good certainty, it is not a good time to cut in at this time.</p><p>In the past decade, Xiaomi has been born for \"fever\" from scratch.</p><p>In order to achieve the ultimate hardware, Xiaomi's products can always see the shadow of \"cost performance\". In order to kill the quality, Lei Jun has run to Japan several times to learn from the experience. Fortunately, Lei Jun ran through the line of smart phones and basically eliminated China's cottage mobile phones.</p><p>On July 9, 2018, Lei Jun and Xiaomi landed on HKEx.</p><p>Listing is an important milestone for every company. In less than ten years from its founding to listing, Xiaomi surpassed Jinshan, and Lei Jun also proved his value with Xiaomi.</p><p>At the beginning of the listing, Jack Ma, Ma Huateng, Li Ka-shing and others appeared in Xiaomi's shareholder list, and investors also enthusiastically blessed Xiaomi with their \"voting rights\". To this end, Lei Jun once said that \"investors who bought Xiaomi shares on the first day of listing should earn at least double\".</p><p><img src=\"https://static.tigerbbs.com/7e22a5d3be905a202d9210a65c3f5285\" tg-width=\"1080\" tg-height=\"749\" referrerpolicy=\"no-referrer\"></p><p>At the beginning of 2019, Lei Jun wrote in the circle of friends, \"Ten years ago, I came up with the idea of founding Xiaomi; Ten years later, hundreds of millions of people around the world are using Xiaomi products in various ways; In the past ten years, I don't seem to have changed much. I have to give it a shit!\"</p><p>What Lei Jun didn't expect was that Xiaomi's share price fell below the issue price before he had time to play. In order to stop the share price from falling, Lei Jun thought of many ways, including extending the lifting time, promising not to sell and repurchase, and so on.</p><p>But none of this has made Xiaomi's share price improve at all. In one year, Xiaomi's share price has dropped by 50% from the issuance price. At that time, the market was full of two voices. The first one thought that Xiaomi's issue price was too high, which was the main reason for its continuous decline, and its valuation could only be valued according to the manufacturing industry. They thought that Xiaomi's share price was still overvalued. Another believes that Xiaomi should be valued by Internet companies, and Xiaomi's share price is obviously undervalued.</p><p>Under both voices, the market is obviously more inclined to the former.</p><p>Lei Jun once said in public: \"In the face of the falling stock price, I am too anxious to sleep. Everyone has invested $5.5 billion. If it falls too ugly, how can I go out to meet people?\"</p><p>On the one hand, there is double-digit growth in revenue and net profit, and on the other hand, there is a share price below the issue price. Although Lei Jun's \"efforts\" are limited, he still makes unremitting efforts.</p><p>In 2020, a pandemic changed the ecology and landscape of global business.</p><p><img src=\"https://static.tigerbbs.com/d79620f3e3dafdacd4737cbcb2a815cc\" tg-width=\"1080\" tg-height=\"780\" referrerpolicy=\"no-referrer\"></p><p>In the middle of last year, Xiaomi regained its upward trend driven by Internet companies such as Meituan, and the market also reevaluated Xiaomi's value. In less than a year, Xiaomi's share price rose from HK$ 10/share to a maximum of HK$ 35.9/share. Not only that, Xiaomi's revenue also exceeded 200 billion yuan (in 2019, Xiaomi's revenue was 205.839 billion, and its net profit was 10.044 billion yuan).</p><p>In the past year, most of Huawei's lost overseas markets have been taken over by Xiaomi, but the ceiling of the global mobile phone market has become very obvious. Under the stock market, the future game will definitely become more and more fierce.</p><p>Regarding car building, it is reported that Lei Jun has considered the feasibility of Xiaomi car building many times before, but it has been rejected many times.</p><p>In my opinion, the new energy vehicle track has now become one of the biggest outlets in the world. Evergrande Xu Jiayin once predicted that the track will be a market of over 10 trillion in the next ten years.</p><p>So today, Lei Jun's cutting into this track can not only seek new growth points for Xiaomi, but also intensify the healthy competition of this track. In fact, Lei Jun didn't suddenly come up with the idea of building a car. As early as 2013, Lei Jun visited Tesla CEO Musk twice in the United States. And he wrote on his official account, \"I'm very interested in Musk's Tesla car.\"</p><p><img src=\"https://static.tigerbbs.com/41a93d03c8ae0af9d68db31beb0d9f5a\" tg-width=\"1080\" tg-height=\"950\" referrerpolicy=\"no-referrer\"></p><p>In 2015, Lei Jun also revealed the idea of building a car. However, at that time, the outside world was not optimistic about building a car. Since then, Lei Jun did not continue to advance. However, it is somewhat interesting that he founded Shunwei Capital and invested not only in Nio Motors, but also in Li Auto. Even XPeng Motors invested 50 million US dollars.</p><p>According to media reports, in 2018, Xiaomi has launched an internal research on a car-building project named \"micar\", led by the staff department responsible for formulating Xiaomi's strategy.</p><p>At present, Apple, Samsung and Huawei have all cut into the new energy track, and Tencent, Ali and Baidu have also entered the game in various forms. Evergrande has invested more than 400 billion yuan for this purpose. Under the secret battle of all forces, I think Xiaomi's entry is just right. Not long ago, Xiaomi Group just issued an additional 26 billion yuan, which means that Xiaomi has waited for the right time, place and people, and all the conditions have been met.</p><p>On the whole, I think Xiaomi will finally play football, because all the global mobile phone manufacturers have basically entered the game, and some leading Internet companies are also quick. If Xiaomi still decides to invest instead of going off in person at this time, Xiaomi will definitely be the most frustrated one on the new energy track in the future.</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>Lei Jun ended up \"kicking football\". 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Is it reliable for Xiaomi to build a car?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1090688601\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/b30934034f584369aeef0c7ed4236314);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">侃见财经 </p>\n<p class=\"h-time smaller\">2021-02-20 10:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Not only has Xiaomi emerged from the trough, but it has now begun to climb the mountain. On February 19th, some media reported that Xiaomi had decided to build a car, and made it a strategic decision. People familiar with the matter also said that Xiaomi will build a car or be personally led by Lei Jun.</p><p><img src=\"https://static.tigerbbs.com/d092a5bfd1b9cb3b3655676043d00f0e\" tg-width=\"1080\" tg-height=\"771\" referrerpolicy=\"no-referrer\"></p><p>As soon as the news came out, Xiaomi Group's share price rose by 12% in the intraday session, closing back to 6.4%, with a total market value of HK$ 772.2 billion.</p><p>For Xiaomi's car manufacturing, Xiaomi Group responded that it would not respond for the time being, waiting for public information disclosure.</p><p>I think Xiaomi's car building is a high probability event. For new energy vehicles, a track with relatively \"low threshold\" and good certainty, it is not a good time to cut in at this time.</p><p>In the past decade, Xiaomi has been born for \"fever\" from scratch.</p><p>In order to achieve the ultimate hardware, Xiaomi's products can always see the shadow of \"cost performance\". In order to kill the quality, Lei Jun has run to Japan several times to learn from the experience. Fortunately, Lei Jun ran through the line of smart phones and basically eliminated China's cottage mobile phones.</p><p>On July 9, 2018, Lei Jun and Xiaomi landed on HKEx.</p><p>Listing is an important milestone for every company. In less than ten years from its founding to listing, Xiaomi surpassed Jinshan, and Lei Jun also proved his value with Xiaomi.</p><p>At the beginning of the listing, Jack Ma, Ma Huateng, Li Ka-shing and others appeared in Xiaomi's shareholder list, and investors also enthusiastically blessed Xiaomi with their \"voting rights\". To this end, Lei Jun once said that \"investors who bought Xiaomi shares on the first day of listing should earn at least double\".</p><p><img src=\"https://static.tigerbbs.com/7e22a5d3be905a202d9210a65c3f5285\" tg-width=\"1080\" tg-height=\"749\" referrerpolicy=\"no-referrer\"></p><p>At the beginning of 2019, Lei Jun wrote in the circle of friends, \"Ten years ago, I came up with the idea of founding Xiaomi; Ten years later, hundreds of millions of people around the world are using Xiaomi products in various ways; In the past ten years, I don't seem to have changed much. I have to give it a shit!\"</p><p>What Lei Jun didn't expect was that Xiaomi's share price fell below the issue price before he had time to play. In order to stop the share price from falling, Lei Jun thought of many ways, including extending the lifting time, promising not to sell and repurchase, and so on.</p><p>But none of this has made Xiaomi's share price improve at all. In one year, Xiaomi's share price has dropped by 50% from the issuance price. At that time, the market was full of two voices. The first one thought that Xiaomi's issue price was too high, which was the main reason for its continuous decline, and its valuation could only be valued according to the manufacturing industry. They thought that Xiaomi's share price was still overvalued. Another believes that Xiaomi should be valued by Internet companies, and Xiaomi's share price is obviously undervalued.</p><p>Under both voices, the market is obviously more inclined to the former.</p><p>Lei Jun once said in public: \"In the face of the falling stock price, I am too anxious to sleep. Everyone has invested $5.5 billion. If it falls too ugly, how can I go out to meet people?\"</p><p>On the one hand, there is double-digit growth in revenue and net profit, and on the other hand, there is a share price below the issue price. Although Lei Jun's \"efforts\" are limited, he still makes unremitting efforts.</p><p>In 2020, a pandemic changed the ecology and landscape of global business.</p><p><img src=\"https://static.tigerbbs.com/d79620f3e3dafdacd4737cbcb2a815cc\" tg-width=\"1080\" tg-height=\"780\" referrerpolicy=\"no-referrer\"></p><p>In the middle of last year, Xiaomi regained its upward trend driven by Internet companies such as Meituan, and the market also reevaluated Xiaomi's value. In less than a year, Xiaomi's share price rose from HK$ 10/share to a maximum of HK$ 35.9/share. Not only that, Xiaomi's revenue also exceeded 200 billion yuan (in 2019, Xiaomi's revenue was 205.839 billion, and its net profit was 10.044 billion yuan).</p><p>In the past year, most of Huawei's lost overseas markets have been taken over by Xiaomi, but the ceiling of the global mobile phone market has become very obvious. Under the stock market, the future game will definitely become more and more fierce.</p><p>Regarding car building, it is reported that Lei Jun has considered the feasibility of Xiaomi car building many times before, but it has been rejected many times.</p><p>In my opinion, the new energy vehicle track has now become one of the biggest outlets in the world. Evergrande Xu Jiayin once predicted that the track will be a market of over 10 trillion in the next ten years.</p><p>So today, Lei Jun's cutting into this track can not only seek new growth points for Xiaomi, but also intensify the healthy competition of this track. In fact, Lei Jun didn't suddenly come up with the idea of building a car. As early as 2013, Lei Jun visited Tesla CEO Musk twice in the United States. And he wrote on his official account, \"I'm very interested in Musk's Tesla car.\"</p><p><img src=\"https://static.tigerbbs.com/41a93d03c8ae0af9d68db31beb0d9f5a\" tg-width=\"1080\" tg-height=\"950\" referrerpolicy=\"no-referrer\"></p><p>In 2015, Lei Jun also revealed the idea of building a car. However, at that time, the outside world was not optimistic about building a car. Since then, Lei Jun did not continue to advance. However, it is somewhat interesting that he founded Shunwei Capital and invested not only in Nio Motors, but also in Li Auto. Even XPeng Motors invested 50 million US dollars.</p><p>According to media reports, in 2018, Xiaomi has launched an internal research on a car-building project named \"micar\", led by the staff department responsible for formulating Xiaomi's strategy.</p><p>At present, Apple, Samsung and Huawei have all cut into the new energy track, and Tencent, Ali and Baidu have also entered the game in various forms. Evergrande has invested more than 400 billion yuan for this purpose. Under the secret battle of all forces, I think Xiaomi's entry is just right. Not long ago, Xiaomi Group just issued an additional 26 billion yuan, which means that Xiaomi has waited for the right time, place and people, and all the conditions have been met.</p><p>On the whole, I think Xiaomi will finally play football, because all the global mobile phone manufacturers have basically entered the game, and some leading Internet companies are also quick. If Xiaomi still decides to invest instead of going off in person at this time, Xiaomi will definitely be the most frustrated one on the new energy track in the future.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d092a5bfd1b9cb3b3655676043d00f0e","relate_stocks":{"01810":"小米集团-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166915001","content_text":"小米不仅走出了低谷，现在已经开始攀越高山了。2月19日，有媒体报道称，小米已经确定造车，且将造车作为战略级决策。知情人士还称，小米造车或将由雷军亲自带队。消息一出，小米集团股价盘中大涨12%，收盘回落至6.4%，总市值为7722亿港币。对于小米造车，小米集团回应称，暂不回应，等公开信息披露。我认为小米造车为大概率事件，对于新能源车这个门槛相对“不高”且确定性比较好的赛道，此时切入不可谓不是一个好时机。过去的十年时间里，小米从零开始为“发烧而生”。为了把硬件做到极致，小米的产品总能看到“性价比”的影子。为了死磕质量，雷军曾跑了数次日本取经。幸运的是，雷军跑通了智能手机这条线，也基本消灭中国的山寨手机。2018年7月9日，雷军携小米登陆港交所。上市对于每一家公司来说都是一个重要的里程碑，从创立到上市不到十年的时间，小米超越了金山，雷军也用小米证明了他的价值。上市之初，小米的股东列表里出现了马云、马化腾、李嘉诚等人，投资者也热情地用手中的“投票权”加持着小米。为此，雷军曾表示“要让上市首日买入小米股票的投资人赚至少一倍以上”。2019年年初，雷军在朋友圈写道，“十年前，我产生出了创办小米的想法；十年后，全球有几亿人在各种用小米的产品；这十年，我好像没什么变化。我得嘚瑟一下！”让雷军没想到的是他还没来得及嘚瑟，小米的股价就跌破了发行价，为了让股价止跌，雷军想了很多办法，包括延长解禁时间，承诺不抛售以及回购等等。但这一切都没能让小米的股价有一丁点起色，一年时间里，小米的股价较发行价跌了50%。当时市场充斥着两种声音，第一种认为小米发行价过高，这是其跌跌不休的主要原因，并且其估值也只能按照制造业去估值，他们认为小米股价仍被高估。另外一种认为小米应该以互联网企业去估值，小米的股价显然被低估了。两种声音下，市场显然更倾向于前者。雷军曾在公开场合谈到：“面对不断下跌的股价，我都焦虑得睡不着觉。大家都投资了55亿美元了，要是跌得太难看，我还怎么出去见人？”一边是两位数增长的营收和净利，一边是跌破发行价的股价，尽管雷军“努力”有限，但他仍然做着不懈的努力。2020年，一场疫情改变了全球商业的生态和格局。去年年中，小米在美团等互联网企业的带动下重拾升势，市场也重新评估了小米的价值。不到一年的时间里，小米的股价从10港元/股，涨至最高35.9港元/股。不仅如此，小米的营收也突破2000亿元（2019年小米营收2058.39亿，净利润100.44亿）。过去的一年，华为在海外的失去的市场大部分都被小米接了过去，但全球手机市场的天花板已经十分明显，存量市场下，未来博弈肯定会愈发激烈。对于造车，有报道称雷军此前曾多次考虑小米造车的可行性，但被多次否决。在我看来，如今新能源车赛道已经全球最大的风口之一，恒大许家印曾预测未来十年，该赛道将会是一个超十万亿级的市场。所以今天，雷军切入这个赛道不仅能为小米寻求新的增长点，也能加剧该赛道的良性竞争。事实上，关于造车想法雷军也不是现在突然冒出来的，早在2013年，雷军就曾两次去美国拜访特斯拉CEO马斯克。并且他在自己的公众号上撰文称，“我对Musk的Tesla汽车很感兴趣。”2015年，雷军也曾流露过造车的想法，不过当时外界对于造车并不乐观，其后雷军就没有继续推进，但有些意思的是，他创立了顺为资本不仅投资了蔚来汽车，还投资了理想汽车，就连小鹏汽车他也都投资了5000万美金。据媒体报道，2018年小米就已经在内部启动了名为 “micar” 的造车项目调研，由负责制定小米战略的参谋部牵头。目前，苹果、三星、华为都已经切入新能源赛道，腾讯、阿里、百度也以各种形式入局，恒大为此已经投资超过了4000亿，各方势力暗战下，我觉得小米入局恰到好处，且此前不久，小米集团刚增发260亿元，也就是说小米已经等到了天时地利人和，所有的条件已经都具备了。综合而言，我认为小米最终一定会下场踢球，因为全球手机大厂基本已经全部入局，一些互联网头部企业也都快马扬鞭，如果此时小米依旧决定投资而不亲自下场，未来新能源赛道上，小米必然是最失意的那个。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":3828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360393482,"gmtCreate":1613825501846,"gmtModify":1704885373600,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360393482","repostId":"1143057177","repostType":4,"repost":{"id":"1143057177","kind":"news","pubTimestamp":1613817857,"share":"https://ttm.financial/m/news/1143057177?lang=en_US&edition=fundamental","pubTime":"2021-02-20 18:44","market":"hk","language":"zh","title":"In addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1143057177","media":"腾讯科技","summary":"2月19日，据晚点 LatePost报道，小米已确定造车，并视其为战略级决策，不过具体形式和路径还未确定，或许仍有变数，小米造车或将由小米集团创始人雷军亲自带队。小米造车的消息也刺激了资本市场，该消息","content":"<p>On February 19th, according to a late LatePost report, Xiaomi has decided to build a car and regards it as a strategic decision. However, the specific form and path have not yet been determined, and there may still be variables. Xiaomi will build a car or be personally led by Lei Jun, founder of Xiaomi Group. The news that Xiaomi made a car also stimulated the capital market, which directly caused Xiaomi's share price to rise by 10%. For this news, Xiaomi official is noncommittal.</p><p>A management person of Xiaomi Group said<a href=\"https://laohu8.com/S/00700\">Tencent</a>News \"Periscope\" said that Xiaomi did discuss the matter internally, but whether it will eventually build a car is subject to the official announcement.</p><p>Previously, Lei Jun's Shunwei Capital participated in the investment<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive and<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Two new car manufacturers, both of which encountered a huge survival crisis in 2019 and completed their bottom out in 2020, have a current market value of tens of billions of dollars, among which the market value of Nio once exceeded 100 billion dollars, which is equivalent to the market value of Xiaomi.</p><p>During the development of Nio and XPeng Automobile, Lei Jun was deeply involved in helping. In the early stage of Nio development, he learned from Xiaomi's community operation experience, and He Xiaopeng, chairman of Xiaopeng Automobile, also discussed with Lei Jun many times the problems encountered in the process of building a car and starting a business and how to solve them. In the second half of 2019, during the most difficult period of Xiaopeng Automobile, Xiaomi Group participated in the investment in Xiaopeng Automobile.</p><p>Today, with<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Huawei,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Technology and Internet companies have been making cars one after another, and they are highly sought after in the capital market. Xiaomi has also begun to consider entering the field of car manufacturing. However, Xiaomi is also the latest enterprise among these technology companies, and it does not have a first-mover advantage.</p><p><b>Have the ability to build cars</b></p><p>Nio, the head enterprise of new domestic car manufacturing forces, was established at the end of 2014. If Xiaomi didn't start until 2021, it would be nearly seven years late. It can be said that it has missed the best time window.</p><p>In the past seven years, Nio has grown from scratch, with user enterprises as its development goal, and become the first Chinese brand with an average selling price of more than 400,000 units and a monthly sales volume of more than 5,000 units. You must know that this is an achievement that Hongqi has never achieved in the past.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>The first car, Ideal ONE, has become the number ONE new energy SUV model sales in just ONE year after its launch, and Xpeng Motors has also achieved the leading position in autonomous parking, voice interaction and autonomous driving assistance from scratch.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Sales are rising steadily despite price cuts.</p><p>From the above situation, it can be seen that artificial vehicles with Internet background are more insightful in the needs of users than those in the traditional automobile industry, and have initially obtained the recognition of users. But on the other hand, it also shows that the three companies in the first echelon have been established at present, while Baidu, Xiaomi and Huawei, which joined later, are all behind in time.</p><p>If it is a mobile phone, an enterprise is seven years behind in R&D and it is almost impossible to catch up, because many people's replacement frequency is usually within one year, and seven years is enough for the existing brands in the market to occupy users' minds. However, compared with mobile phones, the iteration cycle of cars is slower, which is one of the reasons why technology companies such as Xiaomi and Baidu consider entering the game.</p><p>Up to now, Baidu has announced its entry into the field of car manufacturing, with<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Cooperate to build a car, and have selected the CEO of the car manufacturing company. In the past few years, Baidu has invested a lot of manpower and material resources in research and development and promotion in the field of autonomous driving, which means that its car building seems to be a matter of course, not really starting from scratch.</p><p>Compared with Baidu's long-term cultivation in the field of autonomous driving, Xiaomi lacks the accumulation of corresponding technologies in the field of car manufacturing. In the past few years, it has not been in automobile autonomous driving,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Research and development in the direction of cockpit and other directions does not seem to have the genes for building cars. But in fact, building cars and making mobile phones are both entrepreneurships in the hardware field, and they are logically similar. In the past few years, a variety of hardware products made by Xiaomi and many Xiaomi ecological chain enterprises have achieved success. Now Lei Jun wants to make a bigger hardware-car.</p><p>Car building especially depends on an enterprise's technology research and development, design, supply chain, marketing and manufacturing capabilities, which is precisely what Xiaomi, which has been making mobile phones for ten years, is very good at. The difference is that the supply chain management and manufacturing of automobiles are much more complicated than those of mobile phones.</p><p>At the capital level, building a car requires at least tens of billions of funds. At present, Xiaomi's cash reserves are tens of billions of yuan, and the company is profitable every year. As long as it keeps running normally and its performance is good, it is enough to support the capital needs of an automobile company.</p><p><b>Car build mode optional</b></p><p>Once Xiaomi enters the field of car manufacturing, the specific mode has a variety of options, including building cars independently from scratch, cooperating with existing car companies or acquiring a non-head car company to become bigger.</p><p>Considering that Xiaomi has entered the game late, it will take at least three or four years to deliver the first mass-produced car if it takes another land to build a factory and then starts to build its own car from scratch. At this time, Nio, XPeng and other car companies have already delivered more than five mass-produced cars. With the continuous upgrading and iteration, both software and hardware and autonomous driving are more mature, and Xiaomi will have an obvious gap with the new forces in the head, so this is not the best policy.</p><p>Another option is to refer to Baidu and Geely Automobile, and Nio and<a href=\"https://laohu8.com/S/600418\">JAC</a>We also choose to cooperate with existing mature car companies. Xiaomi is responsible for technology research and development, design, supply chain, brand, sales, service, etc., while cooperative car companies are mainly responsible for manufacturing, which also takes at least three years. If you choose to cooperate with traditional car companies, Xiaomi's potential partners include<a href=\"https://laohu8.com/S/002594\">BYD</a>Great Wall, Chery and many other car companies; If it chooses to cooperate with new forces, Xiaomi is most likely to establish such a partnership with XPeng Motors.</p><p>The most flattering way for Xiaomi to build a car is to acquire non-first-line new car companies in the market, and then transform them and make them bigger. The biggest advantage of this is to save time and effectively avoid the gap between itself and Tesla and several domestic new forces.</p><p>Considering that the market value of the new forces at the head already has a certain bubble, the new power car companies available for Xiaomi to acquire in the market at present are mainly those in the second and third tier or more backward, such as Leapmotor, AIWAYS, Nezha, Byton, Gaohe, Ranger, Singularity, etc.</p><p><b>Potential and Concerns</b></p><p>The Xiaomi brand is now a household name in China, and the marketing and popularity of Xiaomi cars will directly benefit from this, which will also help Xiaomi increase sales. Considering the current indispensable position of Xiaomi in the field of smart phones and smart homes, once Xiaomi cars sell considerably after their release, the perfect integration of people, cars and homes will be truly realized in the future.</p><p>Once Xiaomi does this, it will undoubtedly become a super technology giant spanning the two major industries of mobile phones and automobiles.</p><p>Under the most optimistic scenario, Xiaomi is expected to become one of the top mobile phone brands and automobile brands in the world at the same time, and become a giant enterprise that competes with Apple and Tesla at the same time, and its market value is far from comparable now.</p><p>But on the other hand, once Xiaomi officially starts to build cars, it means that a large part of the whole company's manpower, material and financial resources will be scattered into automobile projects, which will affect the development of mobile phone business to a certain extent. If Xiaomi fights on two fronts, it will be exhausted and easily lose its leading advantage when facing the competition of brands such as OPPO, vivo and glory. If Huawei returns again, it will further aggravate Xiaomi's competitive pressure.</p><p>Compared with Baidu, Xiaomi's car building has its obvious advantages, but it also has shortcomings. The advantage is that Xiaomi, at the helm of Lei Jun, is a wolfish enterprise. Once it enters a field, it will rush forward desperately, and it is often easy to kill a piece of the sky. Baidu lacks this wolfish nature and viciousness. The shortcoming lies in the fact that Xiaomi's cash flow reserves in the past were not as abundant as Baidu's, and at the same time, it faced the pressure of two-front operations. Once it faced the capital chain crisis, it was not excluded that there would be a situation where everything would be lost carelessly.</p><p>For Xiaomi, car building is an industry with huge potential to re-enter the upward channel, but it is also a decision full of potential risks, which is an important reason why Lei Jun has hesitated about it in the past two years.</p>","source":"lsy1580517846866","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>In addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIn addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-02-20 18:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On February 19th, according to a late LatePost report, Xiaomi has decided to build a car and regards it as a strategic decision. However, the specific form and path have not yet been determined, and there may still be variables. Xiaomi will build a car or be personally led by Lei Jun, founder of Xiaomi Group. The news that Xiaomi made a car also stimulated the capital market, which directly caused Xiaomi's share price to rise by 10%. For this news, Xiaomi official is noncommittal.</p><p>A management person of Xiaomi Group said<a href=\"https://laohu8.com/S/00700\">Tencent</a>News \"Periscope\" said that Xiaomi did discuss the matter internally, but whether it will eventually build a car is subject to the official announcement.</p><p>Previously, Lei Jun's Shunwei Capital participated in the investment<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive and<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Two new car manufacturers, both of which encountered a huge survival crisis in 2019 and completed their bottom out in 2020, have a current market value of tens of billions of dollars, among which the market value of Nio once exceeded 100 billion dollars, which is equivalent to the market value of Xiaomi.</p><p>During the development of Nio and XPeng Automobile, Lei Jun was deeply involved in helping. In the early stage of Nio development, he learned from Xiaomi's community operation experience, and He Xiaopeng, chairman of Xiaopeng Automobile, also discussed with Lei Jun many times the problems encountered in the process of building a car and starting a business and how to solve them. In the second half of 2019, during the most difficult period of Xiaopeng Automobile, Xiaomi Group participated in the investment in Xiaopeng Automobile.</p><p>Today, with<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Huawei,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Technology and Internet companies have been making cars one after another, and they are highly sought after in the capital market. Xiaomi has also begun to consider entering the field of car manufacturing. However, Xiaomi is also the latest enterprise among these technology companies, and it does not have a first-mover advantage.</p><p><b>Have the ability to build cars</b></p><p>Nio, the head enterprise of new domestic car manufacturing forces, was established at the end of 2014. If Xiaomi didn't start until 2021, it would be nearly seven years late. It can be said that it has missed the best time window.</p><p>In the past seven years, Nio has grown from scratch, with user enterprises as its development goal, and become the first Chinese brand with an average selling price of more than 400,000 units and a monthly sales volume of more than 5,000 units. You must know that this is an achievement that Hongqi has never achieved in the past.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>The first car, Ideal ONE, has become the number ONE new energy SUV model sales in just ONE year after its launch, and Xpeng Motors has also achieved the leading position in autonomous parking, voice interaction and autonomous driving assistance from scratch.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Sales are rising steadily despite price cuts.</p><p>From the above situation, it can be seen that artificial vehicles with Internet background are more insightful in the needs of users than those in the traditional automobile industry, and have initially obtained the recognition of users. But on the other hand, it also shows that the three companies in the first echelon have been established at present, while Baidu, Xiaomi and Huawei, which joined later, are all behind in time.</p><p>If it is a mobile phone, an enterprise is seven years behind in R&D and it is almost impossible to catch up, because many people's replacement frequency is usually within one year, and seven years is enough for the existing brands in the market to occupy users' minds. However, compared with mobile phones, the iteration cycle of cars is slower, which is one of the reasons why technology companies such as Xiaomi and Baidu consider entering the game.</p><p>Up to now, Baidu has announced its entry into the field of car manufacturing, with<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Cooperate to build a car, and have selected the CEO of the car manufacturing company. In the past few years, Baidu has invested a lot of manpower and material resources in research and development and promotion in the field of autonomous driving, which means that its car building seems to be a matter of course, not really starting from scratch.</p><p>Compared with Baidu's long-term cultivation in the field of autonomous driving, Xiaomi lacks the accumulation of corresponding technologies in the field of car manufacturing. In the past few years, it has not been in automobile autonomous driving,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Research and development in the direction of cockpit and other directions does not seem to have the genes for building cars. But in fact, building cars and making mobile phones are both entrepreneurships in the hardware field, and they are logically similar. In the past few years, a variety of hardware products made by Xiaomi and many Xiaomi ecological chain enterprises have achieved success. Now Lei Jun wants to make a bigger hardware-car.</p><p>Car building especially depends on an enterprise's technology research and development, design, supply chain, marketing and manufacturing capabilities, which is precisely what Xiaomi, which has been making mobile phones for ten years, is very good at. The difference is that the supply chain management and manufacturing of automobiles are much more complicated than those of mobile phones.</p><p>At the capital level, building a car requires at least tens of billions of funds. At present, Xiaomi's cash reserves are tens of billions of yuan, and the company is profitable every year. As long as it keeps running normally and its performance is good, it is enough to support the capital needs of an automobile company.</p><p><b>Car build mode optional</b></p><p>Once Xiaomi enters the field of car manufacturing, the specific mode has a variety of options, including building cars independently from scratch, cooperating with existing car companies or acquiring a non-head car company to become bigger.</p><p>Considering that Xiaomi has entered the game late, it will take at least three or four years to deliver the first mass-produced car if it takes another land to build a factory and then starts to build its own car from scratch. At this time, Nio, XPeng and other car companies have already delivered more than five mass-produced cars. With the continuous upgrading and iteration, both software and hardware and autonomous driving are more mature, and Xiaomi will have an obvious gap with the new forces in the head, so this is not the best policy.</p><p>Another option is to refer to Baidu and Geely Automobile, and Nio and<a href=\"https://laohu8.com/S/600418\">JAC</a>We also choose to cooperate with existing mature car companies. Xiaomi is responsible for technology research and development, design, supply chain, brand, sales, service, etc., while cooperative car companies are mainly responsible for manufacturing, which also takes at least three years. If you choose to cooperate with traditional car companies, Xiaomi's potential partners include<a href=\"https://laohu8.com/S/002594\">BYD</a>Great Wall, Chery and many other car companies; If it chooses to cooperate with new forces, Xiaomi is most likely to establish such a partnership with XPeng Motors.</p><p>The most flattering way for Xiaomi to build a car is to acquire non-first-line new car companies in the market, and then transform them and make them bigger. The biggest advantage of this is to save time and effectively avoid the gap between itself and Tesla and several domestic new forces.</p><p>Considering that the market value of the new forces at the head already has a certain bubble, the new power car companies available for Xiaomi to acquire in the market at present are mainly those in the second and third tier or more backward, such as Leapmotor, AIWAYS, Nezha, Byton, Gaohe, Ranger, Singularity, etc.</p><p><b>Potential and Concerns</b></p><p>The Xiaomi brand is now a household name in China, and the marketing and popularity of Xiaomi cars will directly benefit from this, which will also help Xiaomi increase sales. Considering the current indispensable position of Xiaomi in the field of smart phones and smart homes, once Xiaomi cars sell considerably after their release, the perfect integration of people, cars and homes will be truly realized in the future.</p><p>Once Xiaomi does this, it will undoubtedly become a super technology giant spanning the two major industries of mobile phones and automobiles.</p><p>Under the most optimistic scenario, Xiaomi is expected to become one of the top mobile phone brands and automobile brands in the world at the same time, and become a giant enterprise that competes with Apple and Tesla at the same time, and its market value is far from comparable now.</p><p>But on the other hand, once Xiaomi officially starts to build cars, it means that a large part of the whole company's manpower, material and financial resources will be scattered into automobile projects, which will affect the development of mobile phone business to a certain extent. If Xiaomi fights on two fronts, it will be exhausted and easily lose its leading advantage when facing the competition of brands such as OPPO, vivo and glory. If Huawei returns again, it will further aggravate Xiaomi's competitive pressure.</p><p>Compared with Baidu, Xiaomi's car building has its obvious advantages, but it also has shortcomings. The advantage is that Xiaomi, at the helm of Lei Jun, is a wolfish enterprise. Once it enters a field, it will rush forward desperately, and it is often easy to kill a piece of the sky. Baidu lacks this wolfish nature and viciousness. The shortcoming lies in the fact that Xiaomi's cash flow reserves in the past were not as abundant as Baidu's, and at the same time, it faced the pressure of two-front operations. Once it faced the capital chain crisis, it was not excluded that there would be a situation where everything would be lost carelessly.</p><p>For Xiaomi, car building is an industry with huge potential to re-enter the upward channel, but it is also a decision full of potential risks, which is an important reason why Lei Jun has hesitated about it in the past two years.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/-PDJRnzcCVvrKWaM8h3U6Q\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/14d6e649b06703312499e84952510944","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://mp.weixin.qq.com/s/-PDJRnzcCVvrKWaM8h3U6Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143057177","content_text":"2月19日，据晚点 LatePost报道，小米已确定造车，并视其为战略级决策，不过具体形式和路径还未确定，或许仍有变数，小米造车或将由小米集团创始人雷军亲自带队。小米造车的消息也刺激了资本市场，该消息直接导致小米股价一度拉升10%。对于此消息，小米官方不置可否。\n一位小米集团管理层人士对腾讯新闻《潜望》表示，小米内部确实讨论过此事，但最终是否会造车以官方公告为准。\n此前，雷军旗下顺为资本参与投资了蔚来汽车和小鹏汽车两家新造车企业，两家企业都曾在2019年遭遇巨大的生存危机，并在2020年完成触底反弹，目前市值也都在数百亿美元，其中蔚来市值更是一度超越千亿美元，与小米市值相当。\n在蔚来和小鹏汽车发展过程中，雷军都曾深度参与帮忙，其中蔚来发展早期，曾借鉴了小米的社群运营经验，而小鹏汽车董事长何小鹏也多次与雷军探讨造车创业过程中遇到的问题以及如何解决，在2019年下半年小鹏汽车最艰难的时期，小米集团参与了对小鹏汽车的投资。\n如今，随着百度、华为、苹果等科技互联网公司相继传出造车，并在资本市场大受追捧，小米也开始考虑进入造车领域。然而，小米也是这几家科技公司中，最晚入局的企业，并不具有先发优势。\n具有造车能力\n国内造车新势力头部企业蔚来成立于2014年底，小米到2021年才起步的话已经晚了将近7年时间，可以说已经错过了最佳的时间窗口。\n过去七年，蔚来从无到有，以用户企业为发展目标，成为首个平均售价超过40万且单月销量超过5000台的中国品牌，要知道这是以往红旗都没做到的成绩。\n理想汽车的第一款车理想ONE 上市仅一年就成了新能源SUV单一车型销量第一名，而小鹏汽车也从零做到了自动泊车、语音交互以及自动驾驶辅助方面的领先，并且在特斯拉降价的情况下销量还在稳步上升。\n从上述情况可以看出，互联网背景出身的人造车比传统汽车行业的人更加洞悉用户需求，目前已经初步取得了用户的认可。但从另一个方面也说明，第一梯队的三家公司目前已经确立，而后来加入的百度、小米以及传言中的华为，都在时间上落后不少。\n如果是做手机，一家企业在研发上落后7年几乎无法追赶上，因为很多人的换机频率通常都在一年内之内，7年时间足以使市场上的已有品牌占领用户心智，但是与手机相比，汽车迭代周期更慢，这也是小米和百度等科技企业考虑入局的原因之一。\n截至目前，百度已宣布进入造车领域，与吉利汽车合作进行造车，并且已选定该造车公司CEO人选。百度过去几年在自动驾驶领域投入大量人力物力进行研发和推广，意味着其造车显得理所应当，并非真正从零开始。\n相比起百度长期耕耘自动驾驶领域不同的是，小米在造车领域缺乏相应技术的积累，过去几年并没有在汽车自动驾驶、智能座舱等方向进行研发，看起来不具有造车的基因。但实际上，造车与造手机同为硬件领域创业，在很多大逻辑上都是相通的。过去几年，小米以及众多小米生态链企业做出的多款硬件产品都取得了成功，如今雷军想做一个更大的硬件——汽车。\n造车特别依赖一家企业的技术研发、设计、供应链、营销以及生产制造能力，而这恰恰是做了十年手机的小米很擅长的工作。不同的是，汽车的供应链管理以及生产制造都比手机要复杂很多。\n资金层面，造车需要至少上百亿的资金，目前小米现金储备数百亿元，加上公司每年都在盈利，只要一直运转正常业绩向好，足够支撑起一家汽车企业的资金需求。\n造车模式可选项\n小米一旦进入造车领域，具体模式具有多种可选项，包括从零开始自主造车、与现有车企合作或者收购一家非头部车企做大等。\n考虑到小米入局时间已经较晚，如果再拿地建厂再从零开始自主造车，至少需要三四年时间才能交付首款量产车，而这时的蔚来、小鹏等车企都已经交付五款以上的量产车，随着持续不断地升级迭代，无论在软硬件还是自动驾驶层面都更为成熟，小米将会与头部新势力存在明显差距，因此这并非上策。\n另一种可选项是参考百度与吉利汽车，以及蔚来与江淮汽车的合作，也选择与现有成熟车企进行合作，小米负责技术研发、设计、供应链、品牌、销售、服务等方面，而合作车企主要负责生产制造，这同样需要至少三年时间。如果选择与传统车企合作，小米的潜在合作对象包括比亚迪、长城、奇瑞等诸多车企；如果选择与新势力合作，小米最有可能与小鹏汽车建立这样的合作关系。\n小米造车最为讨巧的方式是，收购市场上的非一线新势力车企，然后将其改造再做大，这样做最大的好处在于节省时间，有效避免自己与特斯拉以及几家国内头部新势力的差距过大。\n考虑到头部新势力的市值已经拥有一定泡沫，目前市场上可供小米收购的新势力车企，主要是处于二三线或更落后的车企，如零跑汽车、爱驰汽车、哪吒汽车、拜腾汽车、高合汽车、游侠汽车、奇点汽车等。\n潜力与隐忧\n小米品牌目前在中国家喻户晓，小米汽车的营销与知名度将会直接受益于此，这也将帮助小米提升销量。考虑到目前小米在智能手机和智能家居领域不可或缺的地位，一旦小米汽车发布后销量可观，未来将真正实现人、车与家的完美融合。\n一旦小米做成这件事，无疑将会成为横跨手机和汽车两大行业的超级科技巨头。\n最乐观的情况下，小米有望同时成为全球排名前几的手机品牌和汽车品牌，成为同时对标苹果和特斯拉的巨型企业，其市值也远非现在可比。\n但从另一方面，小米一旦正式开始造车，就意味着整个公司将会有很大一部分人力物力财力都被分散到汽车项目上，这样将会在一定程度上影响手机业务的发展。如果小米双线作战，在面临OPPO、vivo和荣耀等品牌的竞争时就会疲于奔命，容易丢掉领先优势，如果华为再度回归，将会进一步加剧小米的竞争压力。\n与百度相比，小米造车具有其明显优势之处，但同样也存在短板。优势之处在于雷军掌舵下的小米是一家具有狼性的企业，一旦进入一个领域便会不顾一切向前冲，往往容易杀出一片天，百度就缺乏这种狼性与狠劲。而短板就在于小米过去的现金流储备没有百度充裕，同时面临双线作战的压力，一旦面临资金链危机，不排除出现一着不慎满盘皆输的局面。\n对小米而言，造车是一个拥有巨大潜力可让公司重新进入上升通道的行业，但同时也是一个充满潜在风险的决定，这也是过去两年雷军对此犹豫不决的重要原因。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":3575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360393606,"gmtCreate":1613825458605,"gmtModify":1704885373438,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360393606","repostId":"1143057177","repostType":4,"repost":{"id":"1143057177","kind":"news","pubTimestamp":1613817857,"share":"https://ttm.financial/m/news/1143057177?lang=en_US&edition=fundamental","pubTime":"2021-02-20 18:44","market":"hk","language":"zh","title":"In addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1143057177","media":"腾讯科技","summary":"2月19日，据晚点 LatePost报道，小米已确定造车，并视其为战略级决策，不过具体形式和路径还未确定，或许仍有变数，小米造车或将由小米集团创始人雷军亲自带队。小米造车的消息也刺激了资本市场，该消息","content":"<p>On February 19th, according to a late LatePost report, Xiaomi has decided to build a car and regards it as a strategic decision. However, the specific form and path have not yet been determined, and there may still be variables. Xiaomi will build a car or be personally led by Lei Jun, founder of Xiaomi Group. The news that Xiaomi made a car also stimulated the capital market, which directly caused Xiaomi's share price to rise by 10%. For this news, Xiaomi official is noncommittal.</p><p>A management person of Xiaomi Group said<a href=\"https://laohu8.com/S/00700\">Tencent</a>News \"Periscope\" said that Xiaomi did discuss the matter internally, but whether it will eventually build a car is subject to the official announcement.</p><p>Previously, Lei Jun's Shunwei Capital participated in the investment<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive and<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Two new car manufacturers, both of which encountered a huge survival crisis in 2019 and completed their bottom out in 2020, have a current market value of tens of billions of dollars, among which the market value of Nio once exceeded 100 billion dollars, which is equivalent to the market value of Xiaomi.</p><p>During the development of Nio and XPeng Automobile, Lei Jun was deeply involved in helping. In the early stage of Nio development, he learned from Xiaomi's community operation experience, and He Xiaopeng, chairman of Xiaopeng Automobile, also discussed with Lei Jun many times the problems encountered in the process of building a car and starting a business and how to solve them. In the second half of 2019, during the most difficult period of Xiaopeng Automobile, Xiaomi Group participated in the investment in Xiaopeng Automobile.</p><p>Today, with<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Huawei,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Technology and Internet companies have been making cars one after another, and they are highly sought after in the capital market. Xiaomi has also begun to consider entering the field of car manufacturing. However, Xiaomi is also the latest enterprise among these technology companies, and it does not have a first-mover advantage.</p><p><b>Have the ability to build cars</b></p><p>Nio, the head enterprise of new domestic car manufacturing forces, was established at the end of 2014. If Xiaomi didn't start until 2021, it would be nearly seven years late. It can be said that it has missed the best time window.</p><p>In the past seven years, Nio has grown from scratch, with user enterprises as its development goal, and become the first Chinese brand with an average selling price of more than 400,000 units and a monthly sales volume of more than 5,000 units. You must know that this is an achievement that Hongqi has never achieved in the past.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>The first car, Ideal ONE, has become the number ONE new energy SUV model sales in just ONE year after its launch, and Xpeng Motors has also achieved the leading position in autonomous parking, voice interaction and autonomous driving assistance from scratch.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Sales are rising steadily despite price cuts.</p><p>From the above situation, it can be seen that artificial vehicles with Internet background are more insightful in the needs of users than those in the traditional automobile industry, and have initially obtained the recognition of users. But on the other hand, it also shows that the three companies in the first echelon have been established at present, while Baidu, Xiaomi and Huawei, which joined later, are all behind in time.</p><p>If it is a mobile phone, an enterprise is seven years behind in R&D and it is almost impossible to catch up, because many people's replacement frequency is usually within one year, and seven years is enough for the existing brands in the market to occupy users' minds. However, compared with mobile phones, the iteration cycle of cars is slower, which is one of the reasons why technology companies such as Xiaomi and Baidu consider entering the game.</p><p>Up to now, Baidu has announced its entry into the field of car manufacturing, with<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Cooperate to build a car, and have selected the CEO of the car manufacturing company. In the past few years, Baidu has invested a lot of manpower and material resources in research and development and promotion in the field of autonomous driving, which means that its car building seems to be a matter of course, not really starting from scratch.</p><p>Compared with Baidu's long-term cultivation in the field of autonomous driving, Xiaomi lacks the accumulation of corresponding technologies in the field of car manufacturing. In the past few years, it has not been in automobile autonomous driving,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Research and development in the direction of cockpit and other directions does not seem to have the genes for building cars. But in fact, building cars and making mobile phones are both entrepreneurships in the hardware field, and they are logically similar. In the past few years, a variety of hardware products made by Xiaomi and many Xiaomi ecological chain enterprises have achieved success. Now Lei Jun wants to make a bigger hardware-car.</p><p>Car building especially depends on an enterprise's technology research and development, design, supply chain, marketing and manufacturing capabilities, which is precisely what Xiaomi, which has been making mobile phones for ten years, is very good at. The difference is that the supply chain management and manufacturing of automobiles are much more complicated than those of mobile phones.</p><p>At the capital level, building a car requires at least tens of billions of funds. At present, Xiaomi's cash reserves are tens of billions of yuan, and the company is profitable every year. As long as it keeps running normally and its performance is good, it is enough to support the capital needs of an automobile company.</p><p><b>Car build mode optional</b></p><p>Once Xiaomi enters the field of car manufacturing, the specific mode has a variety of options, including building cars independently from scratch, cooperating with existing car companies or acquiring a non-head car company to become bigger.</p><p>Considering that Xiaomi has entered the game late, it will take at least three or four years to deliver the first mass-produced car if it takes another land to build a factory and then starts to build its own car from scratch. At this time, Nio, XPeng and other car companies have already delivered more than five mass-produced cars. With the continuous upgrading and iteration, both software and hardware and autonomous driving are more mature, and Xiaomi will have an obvious gap with the new forces in the head, so this is not the best policy.</p><p>Another option is to refer to Baidu and Geely Automobile, and Nio and<a href=\"https://laohu8.com/S/600418\">JAC</a>We also choose to cooperate with existing mature car companies. Xiaomi is responsible for technology research and development, design, supply chain, brand, sales, service, etc., while cooperative car companies are mainly responsible for manufacturing, which also takes at least three years. If you choose to cooperate with traditional car companies, Xiaomi's potential partners include<a href=\"https://laohu8.com/S/002594\">BYD</a>Great Wall, Chery and many other car companies; If it chooses to cooperate with new forces, Xiaomi is most likely to establish such a partnership with XPeng Motors.</p><p>The most flattering way for Xiaomi to build a car is to acquire non-first-line new car companies in the market, and then transform them and make them bigger. The biggest advantage of this is to save time and effectively avoid the gap between itself and Tesla and several domestic new forces.</p><p>Considering that the market value of the new forces at the head already has a certain bubble, the new power car companies available for Xiaomi to acquire in the market at present are mainly those in the second and third tier or more backward, such as Leapmotor, AIWAYS, Nezha, Byton, Gaohe, Ranger, Singularity, etc.</p><p><b>Potential and Concerns</b></p><p>The Xiaomi brand is now a household name in China, and the marketing and popularity of Xiaomi cars will directly benefit from this, which will also help Xiaomi increase sales. Considering the current indispensable position of Xiaomi in the field of smart phones and smart homes, once Xiaomi cars sell considerably after their release, the perfect integration of people, cars and homes will be truly realized in the future.</p><p>Once Xiaomi does this, it will undoubtedly become a super technology giant spanning the two major industries of mobile phones and automobiles.</p><p>Under the most optimistic scenario, Xiaomi is expected to become one of the top mobile phone brands and automobile brands in the world at the same time, and become a giant enterprise that competes with Apple and Tesla at the same time, and its market value is far from comparable now.</p><p>But on the other hand, once Xiaomi officially starts to build cars, it means that a large part of the whole company's manpower, material and financial resources will be scattered into automobile projects, which will affect the development of mobile phone business to a certain extent. If Xiaomi fights on two fronts, it will be exhausted and easily lose its leading advantage when facing the competition of brands such as OPPO, vivo and glory. If Huawei returns again, it will further aggravate Xiaomi's competitive pressure.</p><p>Compared with Baidu, Xiaomi's car building has its obvious advantages, but it also has shortcomings. The advantage is that Xiaomi, at the helm of Lei Jun, is a wolfish enterprise. Once it enters a field, it will rush forward desperately, and it is often easy to kill a piece of the sky. Baidu lacks this wolfish nature and viciousness. The shortcoming lies in the fact that Xiaomi's cash flow reserves in the past were not as abundant as Baidu's, and at the same time, it faced the pressure of two-front operations. Once it faced the capital chain crisis, it was not excluded that there would be a situation where everything would be lost carelessly.</p><p>For Xiaomi, car building is an industry with huge potential to re-enter the upward channel, but it is also a decision full of potential risks, which is an important reason why Lei Jun has hesitated about it in the past two years.</p>","source":"lsy1580517846866","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>In addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIn addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-02-20 18:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On February 19th, according to a late LatePost report, Xiaomi has decided to build a car and regards it as a strategic decision. However, the specific form and path have not yet been determined, and there may still be variables. Xiaomi will build a car or be personally led by Lei Jun, founder of Xiaomi Group. The news that Xiaomi made a car also stimulated the capital market, which directly caused Xiaomi's share price to rise by 10%. For this news, Xiaomi official is noncommittal.</p><p>A management person of Xiaomi Group said<a href=\"https://laohu8.com/S/00700\">Tencent</a>News \"Periscope\" said that Xiaomi did discuss the matter internally, but whether it will eventually build a car is subject to the official announcement.</p><p>Previously, Lei Jun's Shunwei Capital participated in the investment<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive and<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Two new car manufacturers, both of which encountered a huge survival crisis in 2019 and completed their bottom out in 2020, have a current market value of tens of billions of dollars, among which the market value of Nio once exceeded 100 billion dollars, which is equivalent to the market value of Xiaomi.</p><p>During the development of Nio and XPeng Automobile, Lei Jun was deeply involved in helping. In the early stage of Nio development, he learned from Xiaomi's community operation experience, and He Xiaopeng, chairman of Xiaopeng Automobile, also discussed with Lei Jun many times the problems encountered in the process of building a car and starting a business and how to solve them. In the second half of 2019, during the most difficult period of Xiaopeng Automobile, Xiaomi Group participated in the investment in Xiaopeng Automobile.</p><p>Today, with<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Huawei,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Technology and Internet companies have been making cars one after another, and they are highly sought after in the capital market. Xiaomi has also begun to consider entering the field of car manufacturing. However, Xiaomi is also the latest enterprise among these technology companies, and it does not have a first-mover advantage.</p><p><b>Have the ability to build cars</b></p><p>Nio, the head enterprise of new domestic car manufacturing forces, was established at the end of 2014. If Xiaomi didn't start until 2021, it would be nearly seven years late. It can be said that it has missed the best time window.</p><p>In the past seven years, Nio has grown from scratch, with user enterprises as its development goal, and become the first Chinese brand with an average selling price of more than 400,000 units and a monthly sales volume of more than 5,000 units. You must know that this is an achievement that Hongqi has never achieved in the past.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>The first car, Ideal ONE, has become the number ONE new energy SUV model sales in just ONE year after its launch, and Xpeng Motors has also achieved the leading position in autonomous parking, voice interaction and autonomous driving assistance from scratch.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Sales are rising steadily despite price cuts.</p><p>From the above situation, it can be seen that artificial vehicles with Internet background are more insightful in the needs of users than those in the traditional automobile industry, and have initially obtained the recognition of users. But on the other hand, it also shows that the three companies in the first echelon have been established at present, while Baidu, Xiaomi and Huawei, which joined later, are all behind in time.</p><p>If it is a mobile phone, an enterprise is seven years behind in R&D and it is almost impossible to catch up, because many people's replacement frequency is usually within one year, and seven years is enough for the existing brands in the market to occupy users' minds. However, compared with mobile phones, the iteration cycle of cars is slower, which is one of the reasons why technology companies such as Xiaomi and Baidu consider entering the game.</p><p>Up to now, Baidu has announced its entry into the field of car manufacturing, with<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Cooperate to build a car, and have selected the CEO of the car manufacturing company. In the past few years, Baidu has invested a lot of manpower and material resources in research and development and promotion in the field of autonomous driving, which means that its car building seems to be a matter of course, not really starting from scratch.</p><p>Compared with Baidu's long-term cultivation in the field of autonomous driving, Xiaomi lacks the accumulation of corresponding technologies in the field of car manufacturing. In the past few years, it has not been in automobile autonomous driving,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Research and development in the direction of cockpit and other directions does not seem to have the genes for building cars. But in fact, building cars and making mobile phones are both entrepreneurships in the hardware field, and they are logically similar. In the past few years, a variety of hardware products made by Xiaomi and many Xiaomi ecological chain enterprises have achieved success. Now Lei Jun wants to make a bigger hardware-car.</p><p>Car building especially depends on an enterprise's technology research and development, design, supply chain, marketing and manufacturing capabilities, which is precisely what Xiaomi, which has been making mobile phones for ten years, is very good at. The difference is that the supply chain management and manufacturing of automobiles are much more complicated than those of mobile phones.</p><p>At the capital level, building a car requires at least tens of billions of funds. At present, Xiaomi's cash reserves are tens of billions of yuan, and the company is profitable every year. As long as it keeps running normally and its performance is good, it is enough to support the capital needs of an automobile company.</p><p><b>Car build mode optional</b></p><p>Once Xiaomi enters the field of car manufacturing, the specific mode has a variety of options, including building cars independently from scratch, cooperating with existing car companies or acquiring a non-head car company to become bigger.</p><p>Considering that Xiaomi has entered the game late, it will take at least three or four years to deliver the first mass-produced car if it takes another land to build a factory and then starts to build its own car from scratch. At this time, Nio, XPeng and other car companies have already delivered more than five mass-produced cars. With the continuous upgrading and iteration, both software and hardware and autonomous driving are more mature, and Xiaomi will have an obvious gap with the new forces in the head, so this is not the best policy.</p><p>Another option is to refer to Baidu and Geely Automobile, and Nio and<a href=\"https://laohu8.com/S/600418\">JAC</a>We also choose to cooperate with existing mature car companies. Xiaomi is responsible for technology research and development, design, supply chain, brand, sales, service, etc., while cooperative car companies are mainly responsible for manufacturing, which also takes at least three years. If you choose to cooperate with traditional car companies, Xiaomi's potential partners include<a href=\"https://laohu8.com/S/002594\">BYD</a>Great Wall, Chery and many other car companies; If it chooses to cooperate with new forces, Xiaomi is most likely to establish such a partnership with XPeng Motors.</p><p>The most flattering way for Xiaomi to build a car is to acquire non-first-line new car companies in the market, and then transform them and make them bigger. The biggest advantage of this is to save time and effectively avoid the gap between itself and Tesla and several domestic new forces.</p><p>Considering that the market value of the new forces at the head already has a certain bubble, the new power car companies available for Xiaomi to acquire in the market at present are mainly those in the second and third tier or more backward, such as Leapmotor, AIWAYS, Nezha, Byton, Gaohe, Ranger, Singularity, etc.</p><p><b>Potential and Concerns</b></p><p>The Xiaomi brand is now a household name in China, and the marketing and popularity of Xiaomi cars will directly benefit from this, which will also help Xiaomi increase sales. Considering the current indispensable position of Xiaomi in the field of smart phones and smart homes, once Xiaomi cars sell considerably after their release, the perfect integration of people, cars and homes will be truly realized in the future.</p><p>Once Xiaomi does this, it will undoubtedly become a super technology giant spanning the two major industries of mobile phones and automobiles.</p><p>Under the most optimistic scenario, Xiaomi is expected to become one of the top mobile phone brands and automobile brands in the world at the same time, and become a giant enterprise that competes with Apple and Tesla at the same time, and its market value is far from comparable now.</p><p>But on the other hand, once Xiaomi officially starts to build cars, it means that a large part of the whole company's manpower, material and financial resources will be scattered into automobile projects, which will affect the development of mobile phone business to a certain extent. If Xiaomi fights on two fronts, it will be exhausted and easily lose its leading advantage when facing the competition of brands such as OPPO, vivo and glory. If Huawei returns again, it will further aggravate Xiaomi's competitive pressure.</p><p>Compared with Baidu, Xiaomi's car building has its obvious advantages, but it also has shortcomings. The advantage is that Xiaomi, at the helm of Lei Jun, is a wolfish enterprise. Once it enters a field, it will rush forward desperately, and it is often easy to kill a piece of the sky. Baidu lacks this wolfish nature and viciousness. The shortcoming lies in the fact that Xiaomi's cash flow reserves in the past were not as abundant as Baidu's, and at the same time, it faced the pressure of two-front operations. Once it faced the capital chain crisis, it was not excluded that there would be a situation where everything would be lost carelessly.</p><p>For Xiaomi, car building is an industry with huge potential to re-enter the upward channel, but it is also a decision full of potential risks, which is an important reason why Lei Jun has hesitated about it in the past two years.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/-PDJRnzcCVvrKWaM8h3U6Q\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/14d6e649b06703312499e84952510944","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://mp.weixin.qq.com/s/-PDJRnzcCVvrKWaM8h3U6Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143057177","content_text":"2月19日，据晚点 LatePost报道，小米已确定造车，并视其为战略级决策，不过具体形式和路径还未确定，或许仍有变数，小米造车或将由小米集团创始人雷军亲自带队。小米造车的消息也刺激了资本市场，该消息直接导致小米股价一度拉升10%。对于此消息，小米官方不置可否。\n一位小米集团管理层人士对腾讯新闻《潜望》表示，小米内部确实讨论过此事，但最终是否会造车以官方公告为准。\n此前，雷军旗下顺为资本参与投资了蔚来汽车和小鹏汽车两家新造车企业，两家企业都曾在2019年遭遇巨大的生存危机，并在2020年完成触底反弹，目前市值也都在数百亿美元，其中蔚来市值更是一度超越千亿美元，与小米市值相当。\n在蔚来和小鹏汽车发展过程中，雷军都曾深度参与帮忙，其中蔚来发展早期，曾借鉴了小米的社群运营经验，而小鹏汽车董事长何小鹏也多次与雷军探讨造车创业过程中遇到的问题以及如何解决，在2019年下半年小鹏汽车最艰难的时期，小米集团参与了对小鹏汽车的投资。\n如今，随着百度、华为、苹果等科技互联网公司相继传出造车，并在资本市场大受追捧，小米也开始考虑进入造车领域。然而，小米也是这几家科技公司中，最晚入局的企业，并不具有先发优势。\n具有造车能力\n国内造车新势力头部企业蔚来成立于2014年底，小米到2021年才起步的话已经晚了将近7年时间，可以说已经错过了最佳的时间窗口。\n过去七年，蔚来从无到有，以用户企业为发展目标，成为首个平均售价超过40万且单月销量超过5000台的中国品牌，要知道这是以往红旗都没做到的成绩。\n理想汽车的第一款车理想ONE 上市仅一年就成了新能源SUV单一车型销量第一名，而小鹏汽车也从零做到了自动泊车、语音交互以及自动驾驶辅助方面的领先，并且在特斯拉降价的情况下销量还在稳步上升。\n从上述情况可以看出，互联网背景出身的人造车比传统汽车行业的人更加洞悉用户需求，目前已经初步取得了用户的认可。但从另一个方面也说明，第一梯队的三家公司目前已经确立，而后来加入的百度、小米以及传言中的华为，都在时间上落后不少。\n如果是做手机，一家企业在研发上落后7年几乎无法追赶上，因为很多人的换机频率通常都在一年内之内，7年时间足以使市场上的已有品牌占领用户心智，但是与手机相比，汽车迭代周期更慢，这也是小米和百度等科技企业考虑入局的原因之一。\n截至目前，百度已宣布进入造车领域，与吉利汽车合作进行造车，并且已选定该造车公司CEO人选。百度过去几年在自动驾驶领域投入大量人力物力进行研发和推广，意味着其造车显得理所应当，并非真正从零开始。\n相比起百度长期耕耘自动驾驶领域不同的是，小米在造车领域缺乏相应技术的积累，过去几年并没有在汽车自动驾驶、智能座舱等方向进行研发，看起来不具有造车的基因。但实际上，造车与造手机同为硬件领域创业，在很多大逻辑上都是相通的。过去几年，小米以及众多小米生态链企业做出的多款硬件产品都取得了成功，如今雷军想做一个更大的硬件——汽车。\n造车特别依赖一家企业的技术研发、设计、供应链、营销以及生产制造能力，而这恰恰是做了十年手机的小米很擅长的工作。不同的是，汽车的供应链管理以及生产制造都比手机要复杂很多。\n资金层面，造车需要至少上百亿的资金，目前小米现金储备数百亿元，加上公司每年都在盈利，只要一直运转正常业绩向好，足够支撑起一家汽车企业的资金需求。\n造车模式可选项\n小米一旦进入造车领域，具体模式具有多种可选项，包括从零开始自主造车、与现有车企合作或者收购一家非头部车企做大等。\n考虑到小米入局时间已经较晚，如果再拿地建厂再从零开始自主造车，至少需要三四年时间才能交付首款量产车，而这时的蔚来、小鹏等车企都已经交付五款以上的量产车，随着持续不断地升级迭代，无论在软硬件还是自动驾驶层面都更为成熟，小米将会与头部新势力存在明显差距，因此这并非上策。\n另一种可选项是参考百度与吉利汽车，以及蔚来与江淮汽车的合作，也选择与现有成熟车企进行合作，小米负责技术研发、设计、供应链、品牌、销售、服务等方面，而合作车企主要负责生产制造，这同样需要至少三年时间。如果选择与传统车企合作，小米的潜在合作对象包括比亚迪、长城、奇瑞等诸多车企；如果选择与新势力合作，小米最有可能与小鹏汽车建立这样的合作关系。\n小米造车最为讨巧的方式是，收购市场上的非一线新势力车企，然后将其改造再做大，这样做最大的好处在于节省时间，有效避免自己与特斯拉以及几家国内头部新势力的差距过大。\n考虑到头部新势力的市值已经拥有一定泡沫，目前市场上可供小米收购的新势力车企，主要是处于二三线或更落后的车企，如零跑汽车、爱驰汽车、哪吒汽车、拜腾汽车、高合汽车、游侠汽车、奇点汽车等。\n潜力与隐忧\n小米品牌目前在中国家喻户晓，小米汽车的营销与知名度将会直接受益于此，这也将帮助小米提升销量。考虑到目前小米在智能手机和智能家居领域不可或缺的地位，一旦小米汽车发布后销量可观，未来将真正实现人、车与家的完美融合。\n一旦小米做成这件事，无疑将会成为横跨手机和汽车两大行业的超级科技巨头。\n最乐观的情况下，小米有望同时成为全球排名前几的手机品牌和汽车品牌，成为同时对标苹果和特斯拉的巨型企业，其市值也远非现在可比。\n但从另一方面，小米一旦正式开始造车，就意味着整个公司将会有很大一部分人力物力财力都被分散到汽车项目上，这样将会在一定程度上影响手机业务的发展。如果小米双线作战，在面临OPPO、vivo和荣耀等品牌的竞争时就会疲于奔命，容易丢掉领先优势，如果华为再度回归，将会进一步加剧小米的竞争压力。\n与百度相比，小米造车具有其明显优势之处，但同样也存在短板。优势之处在于雷军掌舵下的小米是一家具有狼性的企业，一旦进入一个领域便会不顾一切向前冲，往往容易杀出一片天，百度就缺乏这种狼性与狠劲。而短板就在于小米过去的现金流储备没有百度充裕，同时面临双线作战的压力，一旦面临资金链危机，不排除出现一着不慎满盘皆输的局面。\n对小米而言，造车是一个拥有巨大潜力可让公司重新进入上升通道的行业，但同时也是一个充满潜在风险的决定，这也是过去两年雷军对此犹豫不决的重要原因。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":3464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9035659763,"gmtCreate":1647590578977,"gmtModify":1676534248304,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035659763","repostId":"2220444917","repostType":4,"isVote":1,"tweetType":1,"viewCount":4985,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162511714,"gmtCreate":1624067758038,"gmtModify":1703828040008,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/162511714","repostId":"2144701567","repostType":4,"repost":{"id":"2144701567","kind":"news","weMediaInfo":{"introduction":"关注中国基金报，即时获取深度理财资讯","home_visible":1,"media_name":"中国基金报","id":"6","head_image":"https://static.tigerbbs.com/2b2c79a68beb44c7bc06ad7210091200"},"pubTimestamp":1624032060,"share":"https://ttm.financial/m/news/2144701567?lang=en_US&edition=fundamental","pubTime":"2021-06-19 00:01","market":"hk","language":"zh","title":"Weekend Blockbuster! China Securities Regulatory Commission enlarges its move: these 8 major behaviors are banned from the market for life!","url":"https://stock-news.laohu8.com/highlight/detail?id=2144701567","media":"中国基金报","summary":"　　在身份类市场禁入后，新增交易类市场禁入类型；明确交易类禁入适用于严重扰乱证券交易秩序或者交易公平的违法行为；明确信披严重违法造成恶劣影响等8大行为将被终身禁入市场……　　6月18日，证监会新闻发言人高莉在例行发布会上表示，为贯彻落实新《证券法》和新《行政处罚法》等上位法规定，证监会近日发布修订后的《证券市场禁入规定》，自2021年7月19日起施行。","content":"<p><div>After the identity market is banned, the transaction market is banned; It is clear that the prohibition of trading is applicable to illegal acts that seriously disrupt the order of securities trading or the fairness of trading; It is clear that eight major behaviors, such as serious illegal letter disclosure and adverse impact, will be banned from the market for life... On June 18th, Gao Li, spokesman of the CSRC, said at a regular press conference that in order to implement the new Securities Law and the new Administrative Punishment Law and other higher-level laws, the CSRC recently issued the revised Securities Market Banning Regulations (hereinafter referred to as the Regulations), which will come into effect on July 19th, 2021. The Regulations further improve the securities market...</p><p><a href=\"None\">Web link</a></div></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>Weekend Blockbuster! China Securities Regulatory Commission enlarges its move: these 8 major behaviors are banned from the market for life!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeekend Blockbuster! China Securities Regulatory Commission enlarges its move: these 8 major behaviors are banned from the market for life!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/6\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/2b2c79a68beb44c7bc06ad7210091200);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">中国基金报 </p>\n<p class=\"h-time smaller\">2021-06-19 00:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><div>After the identity market is banned, the transaction market is banned; It is clear that the prohibition of trading is applicable to illegal acts that seriously disrupt the order of securities trading or the fairness of trading; It is clear that eight major behaviors, such as serious illegal letter disclosure and adverse impact, will be banned from the market for life... On June 18th, Gao Li, spokesman of the CSRC, said at a regular press conference that in order to implement the new Securities Law and the new Administrative Punishment Law and other higher-level laws, the CSRC recently issued the revised Securities Market Banning Regulations (hereinafter referred to as the Regulations), which will come into effect on July 19th, 2021. The Regulations further improve the securities market...</p><p><a href=\"None\">Web link</a></div></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e0ab8365ea89ee143187cbf51d23ba8f","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144701567","content_text":"在身份类市场禁入后，新增交易类市场禁入类型；明确交易类禁入适用于严重扰乱证券交易秩序或者交易公平的违法行为；明确信披严重违法造成恶劣影响等8大行为将被终身禁入市场……\n6月18日，证监会新闻发言人高莉在例行发布会上表示，为贯彻落实新《证券法》和新《行政处罚法》等上位法规定，证监会近日发布修订后的《证券市场禁入规定》（以下简称《规定》），自2021年7月19日起施行。\n《规定》进一步完善了证券市场禁入规则，相关违法违规责任人员将被“逐出市场”，大幅提高财务造假者的违法成本和监管的执法震慑作用。三大方面修订内容\n进一步明确市场禁入类型\n根据新《证券法》和新《行政处罚法》相关规定，证监会在总结近年行政执法实践基础上，对《证券市场禁入规定》（简称原《规定》）进行了修订，形成《证券市场禁入规定》修订稿。\n本次修订遵循“有限目标、问题导向、尊重历史、稳定预期”的思路，对根据上位法确有必要修订的内容进行完善。主要修订内容包括：\n一是进一步明确市场禁入类型。\n根据新《证券法》将证券市场禁入措施分为“不得从事证券业务、证券服务业务，不得担任证券发行人的董事、监事、高级管理人员”（以下简称身份类禁入）以及“不得在证券交易所、国务院批准的其他全国性证券交易场所（以下统称证券交易场所）交易证券”（以下简称交易类禁入）两类，执法单位可以结合实际，选择单独适用或者合并适用相匹配的禁入类型。\n其中，身份类禁入沿用原《规定》的禁入措施，而交易类禁入属于新增措施。\n二是进一步明确交易类禁入适用规则。\n考虑到交易类禁入为新《证券法》增加的一类禁入措施，具有不同于身份类禁入的特殊性，证监会在充分借鉴境内外经验基础上，审慎确定了相关适用规则。即，对交易类禁入仅设置5年期限上限，在5年期限上限内，执法单位可根据实际违法情况采取与之匹配的禁入期限，以便于应对复杂多样的违法实际，确保该项制度平稳起步。\n同时，做好政策衔接和风险防控，对7类情形作出了除外规定，避免不同政策叠加碰头和引发执法次生风险。根据上述条文规定，有关责任人员被责令依法买回证券、被责令依法处理非法持有的证券、持有的证券被依法强制扣划或转让等情形作了例外规定。\n而为了防控市场风险，一方面，为避免因交易无法了结引发信用风险，将信用类交易业务纳入禁止交易的除外情形；另一方面，允许投资者卖出被禁入前已经持有的证券，大股东、实控人和董监高等如果被采取交易类禁入措施，仍可依法卖出被禁入前持有的股票，但是需要符合法律、行政法规、中国证监会以及各证券交易场所关于股份减持的相关规定，以避免发生“处置风险的风险”。\n三是进一步明确市场禁入对象和适用情形。\n根据近年来市场发展变化的现实情况，完善了禁入对象的涵盖范围。适用情形方面，明确将信息披露严重违法造成恶劣影响的情况列入终身禁入市场情形，同时，明确交易类禁入适用于严重扰乱证券交易秩序或者交易公平的违法行为。\n其中，《规定》将被人民法院生效司法裁判认定构成犯罪等8大情形，可以对有关责任人员终身采取证券市场禁入措施（注：身份类禁入）。此外，《规定》还进一步明确了相关语言表述含义、不履行市场禁入决定的后果以及新老规定实施的过渡期安排等内容。\n五年近300人次遭市场禁入\n执法力度显著提升\n事实上，在2015 年原《规定》实施后，证券市场禁入的执法力度显著增强，覆盖的违法行为类型更为全面，执法程序更加透明规范。近年来的执法实践证明，原《规定》总体是符合我国市场实际、行之有效的，市场禁入执法力度显著提升，市场禁入也覆盖了资本市场各主要违法行为类型，提升了执法的威慑力度。\n据证监会公示数据显示，2016年至2020年，共对298人次的自然人采取市场禁入。分年限看，其中3至5年和5至10年两档次市场禁入共计216人次，占比约72%；终身市场禁入82人次，占比约28%，采取市场禁入人次数比原《规定》 修订前5年增长142%，并且市场禁入的严厉程度较好匹配了实践中不同危害情节违法行为的发生频度。\n总体分析，原《规定》对监管部门以“零容忍”的态度依法从严打击相关违法违规责任人员提供了有力制度保障。\n另一方面，市场禁入已经覆盖了资本市场各主要违法行为类型，特别是对信息披露违法相关责任人员进行了“逐出市场”的有力打击，提高了财务造假者的违法成本和执法震慑作用，取得了较好的效果。数据显示，在2016年至2020年期间，内幕交易类违法市场禁入17人次，市场操纵类违法市场禁入26人次，信息披露类违法市场禁入191人次，从业人员违法类市场禁入21人次，其他违法类案件市场禁入43人次。\n证监会新闻发言人高莉表示，下一步，证监会将按照党中央、国务院关于对资本市场违法违规行为“零容忍”的要求，落实好新《证券法》、新《行政处罚法》和《规定》相关内容，依法严厉打击各类资本市场违法违规行为，把“严”的执法主基调长期坚持下去，同时加大与司法机关协调配合力度，综合运用民事、行政和刑事追责手段进一步提高违法违规成本，为资本市场更好服务于构建新发展格局提供坚强执法保障。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":5137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360393482,"gmtCreate":1613825501846,"gmtModify":1704885373600,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360393482","repostId":"1143057177","repostType":4,"repost":{"id":"1143057177","kind":"news","pubTimestamp":1613817857,"share":"https://ttm.financial/m/news/1143057177?lang=en_US&edition=fundamental","pubTime":"2021-02-20 18:44","market":"hk","language":"zh","title":"In addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1143057177","media":"腾讯科技","summary":"2月19日，据晚点 LatePost报道，小米已确定造车，并视其为战略级决策，不过具体形式和路径还未确定，或许仍有变数，小米造车或将由小米集团创始人雷军亲自带队。小米造车的消息也刺激了资本市场，该消息","content":"<p>On February 19th, according to a late LatePost report, Xiaomi has decided to build a car and regards it as a strategic decision. However, the specific form and path have not yet been determined, and there may still be variables. Xiaomi will build a car or be personally led by Lei Jun, founder of Xiaomi Group. The news that Xiaomi made a car also stimulated the capital market, which directly caused Xiaomi's share price to rise by 10%. For this news, Xiaomi official is noncommittal.</p><p>A management person of Xiaomi Group said<a href=\"https://laohu8.com/S/00700\">Tencent</a>News \"Periscope\" said that Xiaomi did discuss the matter internally, but whether it will eventually build a car is subject to the official announcement.</p><p>Previously, Lei Jun's Shunwei Capital participated in the investment<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive and<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Two new car manufacturers, both of which encountered a huge survival crisis in 2019 and completed their bottom out in 2020, have a current market value of tens of billions of dollars, among which the market value of Nio once exceeded 100 billion dollars, which is equivalent to the market value of Xiaomi.</p><p>During the development of Nio and XPeng Automobile, Lei Jun was deeply involved in helping. In the early stage of Nio development, he learned from Xiaomi's community operation experience, and He Xiaopeng, chairman of Xiaopeng Automobile, also discussed with Lei Jun many times the problems encountered in the process of building a car and starting a business and how to solve them. In the second half of 2019, during the most difficult period of Xiaopeng Automobile, Xiaomi Group participated in the investment in Xiaopeng Automobile.</p><p>Today, with<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Huawei,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Technology and Internet companies have been making cars one after another, and they are highly sought after in the capital market. Xiaomi has also begun to consider entering the field of car manufacturing. However, Xiaomi is also the latest enterprise among these technology companies, and it does not have a first-mover advantage.</p><p><b>Have the ability to build cars</b></p><p>Nio, the head enterprise of new domestic car manufacturing forces, was established at the end of 2014. If Xiaomi didn't start until 2021, it would be nearly seven years late. It can be said that it has missed the best time window.</p><p>In the past seven years, Nio has grown from scratch, with user enterprises as its development goal, and become the first Chinese brand with an average selling price of more than 400,000 units and a monthly sales volume of more than 5,000 units. You must know that this is an achievement that Hongqi has never achieved in the past.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>The first car, Ideal ONE, has become the number ONE new energy SUV model sales in just ONE year after its launch, and Xpeng Motors has also achieved the leading position in autonomous parking, voice interaction and autonomous driving assistance from scratch.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Sales are rising steadily despite price cuts.</p><p>From the above situation, it can be seen that artificial vehicles with Internet background are more insightful in the needs of users than those in the traditional automobile industry, and have initially obtained the recognition of users. But on the other hand, it also shows that the three companies in the first echelon have been established at present, while Baidu, Xiaomi and Huawei, which joined later, are all behind in time.</p><p>If it is a mobile phone, an enterprise is seven years behind in R&D and it is almost impossible to catch up, because many people's replacement frequency is usually within one year, and seven years is enough for the existing brands in the market to occupy users' minds. However, compared with mobile phones, the iteration cycle of cars is slower, which is one of the reasons why technology companies such as Xiaomi and Baidu consider entering the game.</p><p>Up to now, Baidu has announced its entry into the field of car manufacturing, with<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Cooperate to build a car, and have selected the CEO of the car manufacturing company. In the past few years, Baidu has invested a lot of manpower and material resources in research and development and promotion in the field of autonomous driving, which means that its car building seems to be a matter of course, not really starting from scratch.</p><p>Compared with Baidu's long-term cultivation in the field of autonomous driving, Xiaomi lacks the accumulation of corresponding technologies in the field of car manufacturing. In the past few years, it has not been in automobile autonomous driving,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Research and development in the direction of cockpit and other directions does not seem to have the genes for building cars. But in fact, building cars and making mobile phones are both entrepreneurships in the hardware field, and they are logically similar. In the past few years, a variety of hardware products made by Xiaomi and many Xiaomi ecological chain enterprises have achieved success. Now Lei Jun wants to make a bigger hardware-car.</p><p>Car building especially depends on an enterprise's technology research and development, design, supply chain, marketing and manufacturing capabilities, which is precisely what Xiaomi, which has been making mobile phones for ten years, is very good at. The difference is that the supply chain management and manufacturing of automobiles are much more complicated than those of mobile phones.</p><p>At the capital level, building a car requires at least tens of billions of funds. At present, Xiaomi's cash reserves are tens of billions of yuan, and the company is profitable every year. As long as it keeps running normally and its performance is good, it is enough to support the capital needs of an automobile company.</p><p><b>Car build mode optional</b></p><p>Once Xiaomi enters the field of car manufacturing, the specific mode has a variety of options, including building cars independently from scratch, cooperating with existing car companies or acquiring a non-head car company to become bigger.</p><p>Considering that Xiaomi has entered the game late, it will take at least three or four years to deliver the first mass-produced car if it takes another land to build a factory and then starts to build its own car from scratch. At this time, Nio, XPeng and other car companies have already delivered more than five mass-produced cars. With the continuous upgrading and iteration, both software and hardware and autonomous driving are more mature, and Xiaomi will have an obvious gap with the new forces in the head, so this is not the best policy.</p><p>Another option is to refer to Baidu and Geely Automobile, and Nio and<a href=\"https://laohu8.com/S/600418\">JAC</a>We also choose to cooperate with existing mature car companies. Xiaomi is responsible for technology research and development, design, supply chain, brand, sales, service, etc., while cooperative car companies are mainly responsible for manufacturing, which also takes at least three years. If you choose to cooperate with traditional car companies, Xiaomi's potential partners include<a href=\"https://laohu8.com/S/002594\">BYD</a>Great Wall, Chery and many other car companies; If it chooses to cooperate with new forces, Xiaomi is most likely to establish such a partnership with XPeng Motors.</p><p>The most flattering way for Xiaomi to build a car is to acquire non-first-line new car companies in the market, and then transform them and make them bigger. The biggest advantage of this is to save time and effectively avoid the gap between itself and Tesla and several domestic new forces.</p><p>Considering that the market value of the new forces at the head already has a certain bubble, the new power car companies available for Xiaomi to acquire in the market at present are mainly those in the second and third tier or more backward, such as Leapmotor, AIWAYS, Nezha, Byton, Gaohe, Ranger, Singularity, etc.</p><p><b>Potential and Concerns</b></p><p>The Xiaomi brand is now a household name in China, and the marketing and popularity of Xiaomi cars will directly benefit from this, which will also help Xiaomi increase sales. Considering the current indispensable position of Xiaomi in the field of smart phones and smart homes, once Xiaomi cars sell considerably after their release, the perfect integration of people, cars and homes will be truly realized in the future.</p><p>Once Xiaomi does this, it will undoubtedly become a super technology giant spanning the two major industries of mobile phones and automobiles.</p><p>Under the most optimistic scenario, Xiaomi is expected to become one of the top mobile phone brands and automobile brands in the world at the same time, and become a giant enterprise that competes with Apple and Tesla at the same time, and its market value is far from comparable now.</p><p>But on the other hand, once Xiaomi officially starts to build cars, it means that a large part of the whole company's manpower, material and financial resources will be scattered into automobile projects, which will affect the development of mobile phone business to a certain extent. If Xiaomi fights on two fronts, it will be exhausted and easily lose its leading advantage when facing the competition of brands such as OPPO, vivo and glory. If Huawei returns again, it will further aggravate Xiaomi's competitive pressure.</p><p>Compared with Baidu, Xiaomi's car building has its obvious advantages, but it also has shortcomings. The advantage is that Xiaomi, at the helm of Lei Jun, is a wolfish enterprise. Once it enters a field, it will rush forward desperately, and it is often easy to kill a piece of the sky. Baidu lacks this wolfish nature and viciousness. The shortcoming lies in the fact that Xiaomi's cash flow reserves in the past were not as abundant as Baidu's, and at the same time, it faced the pressure of two-front operations. Once it faced the capital chain crisis, it was not excluded that there would be a situation where everything would be lost carelessly.</p><p>For Xiaomi, car building is an industry with huge potential to re-enter the upward channel, but it is also a decision full of potential risks, which is an important reason why Lei Jun has hesitated about it in the past two years.</p>","source":"lsy1580517846866","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>In addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIn addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-02-20 18:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On February 19th, according to a late LatePost report, Xiaomi has decided to build a car and regards it as a strategic decision. However, the specific form and path have not yet been determined, and there may still be variables. Xiaomi will build a car or be personally led by Lei Jun, founder of Xiaomi Group. The news that Xiaomi made a car also stimulated the capital market, which directly caused Xiaomi's share price to rise by 10%. For this news, Xiaomi official is noncommittal.</p><p>A management person of Xiaomi Group said<a href=\"https://laohu8.com/S/00700\">Tencent</a>News \"Periscope\" said that Xiaomi did discuss the matter internally, but whether it will eventually build a car is subject to the official announcement.</p><p>Previously, Lei Jun's Shunwei Capital participated in the investment<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive and<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Two new car manufacturers, both of which encountered a huge survival crisis in 2019 and completed their bottom out in 2020, have a current market value of tens of billions of dollars, among which the market value of Nio once exceeded 100 billion dollars, which is equivalent to the market value of Xiaomi.</p><p>During the development of Nio and XPeng Automobile, Lei Jun was deeply involved in helping. In the early stage of Nio development, he learned from Xiaomi's community operation experience, and He Xiaopeng, chairman of Xiaopeng Automobile, also discussed with Lei Jun many times the problems encountered in the process of building a car and starting a business and how to solve them. In the second half of 2019, during the most difficult period of Xiaopeng Automobile, Xiaomi Group participated in the investment in Xiaopeng Automobile.</p><p>Today, with<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Huawei,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Technology and Internet companies have been making cars one after another, and they are highly sought after in the capital market. Xiaomi has also begun to consider entering the field of car manufacturing. However, Xiaomi is also the latest enterprise among these technology companies, and it does not have a first-mover advantage.</p><p><b>Have the ability to build cars</b></p><p>Nio, the head enterprise of new domestic car manufacturing forces, was established at the end of 2014. If Xiaomi didn't start until 2021, it would be nearly seven years late. It can be said that it has missed the best time window.</p><p>In the past seven years, Nio has grown from scratch, with user enterprises as its development goal, and become the first Chinese brand with an average selling price of more than 400,000 units and a monthly sales volume of more than 5,000 units. You must know that this is an achievement that Hongqi has never achieved in the past.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>The first car, Ideal ONE, has become the number ONE new energy SUV model sales in just ONE year after its launch, and Xpeng Motors has also achieved the leading position in autonomous parking, voice interaction and autonomous driving assistance from scratch.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Sales are rising steadily despite price cuts.</p><p>From the above situation, it can be seen that artificial vehicles with Internet background are more insightful in the needs of users than those in the traditional automobile industry, and have initially obtained the recognition of users. But on the other hand, it also shows that the three companies in the first echelon have been established at present, while Baidu, Xiaomi and Huawei, which joined later, are all behind in time.</p><p>If it is a mobile phone, an enterprise is seven years behind in R&D and it is almost impossible to catch up, because many people's replacement frequency is usually within one year, and seven years is enough for the existing brands in the market to occupy users' minds. However, compared with mobile phones, the iteration cycle of cars is slower, which is one of the reasons why technology companies such as Xiaomi and Baidu consider entering the game.</p><p>Up to now, Baidu has announced its entry into the field of car manufacturing, with<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Cooperate to build a car, and have selected the CEO of the car manufacturing company. In the past few years, Baidu has invested a lot of manpower and material resources in research and development and promotion in the field of autonomous driving, which means that its car building seems to be a matter of course, not really starting from scratch.</p><p>Compared with Baidu's long-term cultivation in the field of autonomous driving, Xiaomi lacks the accumulation of corresponding technologies in the field of car manufacturing. In the past few years, it has not been in automobile autonomous driving,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Research and development in the direction of cockpit and other directions does not seem to have the genes for building cars. But in fact, building cars and making mobile phones are both entrepreneurships in the hardware field, and they are logically similar. In the past few years, a variety of hardware products made by Xiaomi and many Xiaomi ecological chain enterprises have achieved success. Now Lei Jun wants to make a bigger hardware-car.</p><p>Car building especially depends on an enterprise's technology research and development, design, supply chain, marketing and manufacturing capabilities, which is precisely what Xiaomi, which has been making mobile phones for ten years, is very good at. The difference is that the supply chain management and manufacturing of automobiles are much more complicated than those of mobile phones.</p><p>At the capital level, building a car requires at least tens of billions of funds. At present, Xiaomi's cash reserves are tens of billions of yuan, and the company is profitable every year. As long as it keeps running normally and its performance is good, it is enough to support the capital needs of an automobile company.</p><p><b>Car build mode optional</b></p><p>Once Xiaomi enters the field of car manufacturing, the specific mode has a variety of options, including building cars independently from scratch, cooperating with existing car companies or acquiring a non-head car company to become bigger.</p><p>Considering that Xiaomi has entered the game late, it will take at least three or four years to deliver the first mass-produced car if it takes another land to build a factory and then starts to build its own car from scratch. At this time, Nio, XPeng and other car companies have already delivered more than five mass-produced cars. With the continuous upgrading and iteration, both software and hardware and autonomous driving are more mature, and Xiaomi will have an obvious gap with the new forces in the head, so this is not the best policy.</p><p>Another option is to refer to Baidu and Geely Automobile, and Nio and<a href=\"https://laohu8.com/S/600418\">JAC</a>We also choose to cooperate with existing mature car companies. Xiaomi is responsible for technology research and development, design, supply chain, brand, sales, service, etc., while cooperative car companies are mainly responsible for manufacturing, which also takes at least three years. If you choose to cooperate with traditional car companies, Xiaomi's potential partners include<a href=\"https://laohu8.com/S/002594\">BYD</a>Great Wall, Chery and many other car companies; If it chooses to cooperate with new forces, Xiaomi is most likely to establish such a partnership with XPeng Motors.</p><p>The most flattering way for Xiaomi to build a car is to acquire non-first-line new car companies in the market, and then transform them and make them bigger. The biggest advantage of this is to save time and effectively avoid the gap between itself and Tesla and several domestic new forces.</p><p>Considering that the market value of the new forces at the head already has a certain bubble, the new power car companies available for Xiaomi to acquire in the market at present are mainly those in the second and third tier or more backward, such as Leapmotor, AIWAYS, Nezha, Byton, Gaohe, Ranger, Singularity, etc.</p><p><b>Potential and Concerns</b></p><p>The Xiaomi brand is now a household name in China, and the marketing and popularity of Xiaomi cars will directly benefit from this, which will also help Xiaomi increase sales. Considering the current indispensable position of Xiaomi in the field of smart phones and smart homes, once Xiaomi cars sell considerably after their release, the perfect integration of people, cars and homes will be truly realized in the future.</p><p>Once Xiaomi does this, it will undoubtedly become a super technology giant spanning the two major industries of mobile phones and automobiles.</p><p>Under the most optimistic scenario, Xiaomi is expected to become one of the top mobile phone brands and automobile brands in the world at the same time, and become a giant enterprise that competes with Apple and Tesla at the same time, and its market value is far from comparable now.</p><p>But on the other hand, once Xiaomi officially starts to build cars, it means that a large part of the whole company's manpower, material and financial resources will be scattered into automobile projects, which will affect the development of mobile phone business to a certain extent. If Xiaomi fights on two fronts, it will be exhausted and easily lose its leading advantage when facing the competition of brands such as OPPO, vivo and glory. If Huawei returns again, it will further aggravate Xiaomi's competitive pressure.</p><p>Compared with Baidu, Xiaomi's car building has its obvious advantages, but it also has shortcomings. The advantage is that Xiaomi, at the helm of Lei Jun, is a wolfish enterprise. Once it enters a field, it will rush forward desperately, and it is often easy to kill a piece of the sky. Baidu lacks this wolfish nature and viciousness. The shortcoming lies in the fact that Xiaomi's cash flow reserves in the past were not as abundant as Baidu's, and at the same time, it faced the pressure of two-front operations. Once it faced the capital chain crisis, it was not excluded that there would be a situation where everything would be lost carelessly.</p><p>For Xiaomi, car building is an industry with huge potential to re-enter the upward channel, but it is also a decision full of potential risks, which is an important reason why Lei Jun has hesitated about it in the past two years.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/-PDJRnzcCVvrKWaM8h3U6Q\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/14d6e649b06703312499e84952510944","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://mp.weixin.qq.com/s/-PDJRnzcCVvrKWaM8h3U6Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143057177","content_text":"2月19日，据晚点 LatePost报道，小米已确定造车，并视其为战略级决策，不过具体形式和路径还未确定，或许仍有变数，小米造车或将由小米集团创始人雷军亲自带队。小米造车的消息也刺激了资本市场，该消息直接导致小米股价一度拉升10%。对于此消息，小米官方不置可否。\n一位小米集团管理层人士对腾讯新闻《潜望》表示，小米内部确实讨论过此事，但最终是否会造车以官方公告为准。\n此前，雷军旗下顺为资本参与投资了蔚来汽车和小鹏汽车两家新造车企业，两家企业都曾在2019年遭遇巨大的生存危机，并在2020年完成触底反弹，目前市值也都在数百亿美元，其中蔚来市值更是一度超越千亿美元，与小米市值相当。\n在蔚来和小鹏汽车发展过程中，雷军都曾深度参与帮忙，其中蔚来发展早期，曾借鉴了小米的社群运营经验，而小鹏汽车董事长何小鹏也多次与雷军探讨造车创业过程中遇到的问题以及如何解决，在2019年下半年小鹏汽车最艰难的时期，小米集团参与了对小鹏汽车的投资。\n如今，随着百度、华为、苹果等科技互联网公司相继传出造车，并在资本市场大受追捧，小米也开始考虑进入造车领域。然而，小米也是这几家科技公司中，最晚入局的企业，并不具有先发优势。\n具有造车能力\n国内造车新势力头部企业蔚来成立于2014年底，小米到2021年才起步的话已经晚了将近7年时间，可以说已经错过了最佳的时间窗口。\n过去七年，蔚来从无到有，以用户企业为发展目标，成为首个平均售价超过40万且单月销量超过5000台的中国品牌，要知道这是以往红旗都没做到的成绩。\n理想汽车的第一款车理想ONE 上市仅一年就成了新能源SUV单一车型销量第一名，而小鹏汽车也从零做到了自动泊车、语音交互以及自动驾驶辅助方面的领先，并且在特斯拉降价的情况下销量还在稳步上升。\n从上述情况可以看出，互联网背景出身的人造车比传统汽车行业的人更加洞悉用户需求，目前已经初步取得了用户的认可。但从另一个方面也说明，第一梯队的三家公司目前已经确立，而后来加入的百度、小米以及传言中的华为，都在时间上落后不少。\n如果是做手机，一家企业在研发上落后7年几乎无法追赶上，因为很多人的换机频率通常都在一年内之内，7年时间足以使市场上的已有品牌占领用户心智，但是与手机相比，汽车迭代周期更慢，这也是小米和百度等科技企业考虑入局的原因之一。\n截至目前，百度已宣布进入造车领域，与吉利汽车合作进行造车，并且已选定该造车公司CEO人选。百度过去几年在自动驾驶领域投入大量人力物力进行研发和推广，意味着其造车显得理所应当，并非真正从零开始。\n相比起百度长期耕耘自动驾驶领域不同的是，小米在造车领域缺乏相应技术的积累，过去几年并没有在汽车自动驾驶、智能座舱等方向进行研发，看起来不具有造车的基因。但实际上，造车与造手机同为硬件领域创业，在很多大逻辑上都是相通的。过去几年，小米以及众多小米生态链企业做出的多款硬件产品都取得了成功，如今雷军想做一个更大的硬件——汽车。\n造车特别依赖一家企业的技术研发、设计、供应链、营销以及生产制造能力，而这恰恰是做了十年手机的小米很擅长的工作。不同的是，汽车的供应链管理以及生产制造都比手机要复杂很多。\n资金层面，造车需要至少上百亿的资金，目前小米现金储备数百亿元，加上公司每年都在盈利，只要一直运转正常业绩向好，足够支撑起一家汽车企业的资金需求。\n造车模式可选项\n小米一旦进入造车领域，具体模式具有多种可选项，包括从零开始自主造车、与现有车企合作或者收购一家非头部车企做大等。\n考虑到小米入局时间已经较晚，如果再拿地建厂再从零开始自主造车，至少需要三四年时间才能交付首款量产车，而这时的蔚来、小鹏等车企都已经交付五款以上的量产车，随着持续不断地升级迭代，无论在软硬件还是自动驾驶层面都更为成熟，小米将会与头部新势力存在明显差距，因此这并非上策。\n另一种可选项是参考百度与吉利汽车，以及蔚来与江淮汽车的合作，也选择与现有成熟车企进行合作，小米负责技术研发、设计、供应链、品牌、销售、服务等方面，而合作车企主要负责生产制造，这同样需要至少三年时间。如果选择与传统车企合作，小米的潜在合作对象包括比亚迪、长城、奇瑞等诸多车企；如果选择与新势力合作，小米最有可能与小鹏汽车建立这样的合作关系。\n小米造车最为讨巧的方式是，收购市场上的非一线新势力车企，然后将其改造再做大，这样做最大的好处在于节省时间，有效避免自己与特斯拉以及几家国内头部新势力的差距过大。\n考虑到头部新势力的市值已经拥有一定泡沫，目前市场上可供小米收购的新势力车企，主要是处于二三线或更落后的车企，如零跑汽车、爱驰汽车、哪吒汽车、拜腾汽车、高合汽车、游侠汽车、奇点汽车等。\n潜力与隐忧\n小米品牌目前在中国家喻户晓，小米汽车的营销与知名度将会直接受益于此，这也将帮助小米提升销量。考虑到目前小米在智能手机和智能家居领域不可或缺的地位，一旦小米汽车发布后销量可观，未来将真正实现人、车与家的完美融合。\n一旦小米做成这件事，无疑将会成为横跨手机和汽车两大行业的超级科技巨头。\n最乐观的情况下，小米有望同时成为全球排名前几的手机品牌和汽车品牌，成为同时对标苹果和特斯拉的巨型企业，其市值也远非现在可比。\n但从另一方面，小米一旦正式开始造车，就意味着整个公司将会有很大一部分人力物力财力都被分散到汽车项目上，这样将会在一定程度上影响手机业务的发展。如果小米双线作战，在面临OPPO、vivo和荣耀等品牌的竞争时就会疲于奔命，容易丢掉领先优势，如果华为再度回归，将会进一步加剧小米的竞争压力。\n与百度相比，小米造车具有其明显优势之处，但同样也存在短板。优势之处在于雷军掌舵下的小米是一家具有狼性的企业，一旦进入一个领域便会不顾一切向前冲，往往容易杀出一片天，百度就缺乏这种狼性与狠劲。而短板就在于小米过去的现金流储备没有百度充裕，同时面临双线作战的压力，一旦面临资金链危机，不排除出现一着不慎满盘皆输的局面。\n对小米而言，造车是一个拥有巨大潜力可让公司重新进入上升通道的行业，但同时也是一个充满潜在风险的决定，这也是过去两年雷军对此犹豫不决的重要原因。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":3575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360393606,"gmtCreate":1613825458605,"gmtModify":1704885373438,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360393606","repostId":"1143057177","repostType":4,"repost":{"id":"1143057177","kind":"news","pubTimestamp":1613817857,"share":"https://ttm.financial/m/news/1143057177?lang=en_US&edition=fundamental","pubTime":"2021-02-20 18:44","market":"hk","language":"zh","title":"In addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1143057177","media":"腾讯科技","summary":"2月19日，据晚点 LatePost报道，小米已确定造车，并视其为战略级决策，不过具体形式和路径还未确定，或许仍有变数，小米造车或将由小米集团创始人雷军亲自带队。小米造车的消息也刺激了资本市场，该消息","content":"<p>On February 19th, according to a late LatePost report, Xiaomi has decided to build a car and regards it as a strategic decision. However, the specific form and path have not yet been determined, and there may still be variables. Xiaomi will build a car or be personally led by Lei Jun, founder of Xiaomi Group. The news that Xiaomi made a car also stimulated the capital market, which directly caused Xiaomi's share price to rise by 10%. For this news, Xiaomi official is noncommittal.</p><p>A management person of Xiaomi Group said<a href=\"https://laohu8.com/S/00700\">Tencent</a>News \"Periscope\" said that Xiaomi did discuss the matter internally, but whether it will eventually build a car is subject to the official announcement.</p><p>Previously, Lei Jun's Shunwei Capital participated in the investment<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive and<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Two new car manufacturers, both of which encountered a huge survival crisis in 2019 and completed their bottom out in 2020, have a current market value of tens of billions of dollars, among which the market value of Nio once exceeded 100 billion dollars, which is equivalent to the market value of Xiaomi.</p><p>During the development of Nio and XPeng Automobile, Lei Jun was deeply involved in helping. In the early stage of Nio development, he learned from Xiaomi's community operation experience, and He Xiaopeng, chairman of Xiaopeng Automobile, also discussed with Lei Jun many times the problems encountered in the process of building a car and starting a business and how to solve them. In the second half of 2019, during the most difficult period of Xiaopeng Automobile, Xiaomi Group participated in the investment in Xiaopeng Automobile.</p><p>Today, with<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Huawei,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Technology and Internet companies have been making cars one after another, and they are highly sought after in the capital market. Xiaomi has also begun to consider entering the field of car manufacturing. However, Xiaomi is also the latest enterprise among these technology companies, and it does not have a first-mover advantage.</p><p><b>Have the ability to build cars</b></p><p>Nio, the head enterprise of new domestic car manufacturing forces, was established at the end of 2014. If Xiaomi didn't start until 2021, it would be nearly seven years late. It can be said that it has missed the best time window.</p><p>In the past seven years, Nio has grown from scratch, with user enterprises as its development goal, and become the first Chinese brand with an average selling price of more than 400,000 units and a monthly sales volume of more than 5,000 units. You must know that this is an achievement that Hongqi has never achieved in the past.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>The first car, Ideal ONE, has become the number ONE new energy SUV model sales in just ONE year after its launch, and Xpeng Motors has also achieved the leading position in autonomous parking, voice interaction and autonomous driving assistance from scratch.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Sales are rising steadily despite price cuts.</p><p>From the above situation, it can be seen that artificial vehicles with Internet background are more insightful in the needs of users than those in the traditional automobile industry, and have initially obtained the recognition of users. But on the other hand, it also shows that the three companies in the first echelon have been established at present, while Baidu, Xiaomi and Huawei, which joined later, are all behind in time.</p><p>If it is a mobile phone, an enterprise is seven years behind in R&D and it is almost impossible to catch up, because many people's replacement frequency is usually within one year, and seven years is enough for the existing brands in the market to occupy users' minds. However, compared with mobile phones, the iteration cycle of cars is slower, which is one of the reasons why technology companies such as Xiaomi and Baidu consider entering the game.</p><p>Up to now, Baidu has announced its entry into the field of car manufacturing, with<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Cooperate to build a car, and have selected the CEO of the car manufacturing company. In the past few years, Baidu has invested a lot of manpower and material resources in research and development and promotion in the field of autonomous driving, which means that its car building seems to be a matter of course, not really starting from scratch.</p><p>Compared with Baidu's long-term cultivation in the field of autonomous driving, Xiaomi lacks the accumulation of corresponding technologies in the field of car manufacturing. In the past few years, it has not been in automobile autonomous driving,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Research and development in the direction of cockpit and other directions does not seem to have the genes for building cars. But in fact, building cars and making mobile phones are both entrepreneurships in the hardware field, and they are logically similar. In the past few years, a variety of hardware products made by Xiaomi and many Xiaomi ecological chain enterprises have achieved success. Now Lei Jun wants to make a bigger hardware-car.</p><p>Car building especially depends on an enterprise's technology research and development, design, supply chain, marketing and manufacturing capabilities, which is precisely what Xiaomi, which has been making mobile phones for ten years, is very good at. The difference is that the supply chain management and manufacturing of automobiles are much more complicated than those of mobile phones.</p><p>At the capital level, building a car requires at least tens of billions of funds. At present, Xiaomi's cash reserves are tens of billions of yuan, and the company is profitable every year. As long as it keeps running normally and its performance is good, it is enough to support the capital needs of an automobile company.</p><p><b>Car build mode optional</b></p><p>Once Xiaomi enters the field of car manufacturing, the specific mode has a variety of options, including building cars independently from scratch, cooperating with existing car companies or acquiring a non-head car company to become bigger.</p><p>Considering that Xiaomi has entered the game late, it will take at least three or four years to deliver the first mass-produced car if it takes another land to build a factory and then starts to build its own car from scratch. At this time, Nio, XPeng and other car companies have already delivered more than five mass-produced cars. With the continuous upgrading and iteration, both software and hardware and autonomous driving are more mature, and Xiaomi will have an obvious gap with the new forces in the head, so this is not the best policy.</p><p>Another option is to refer to Baidu and Geely Automobile, and Nio and<a href=\"https://laohu8.com/S/600418\">JAC</a>We also choose to cooperate with existing mature car companies. Xiaomi is responsible for technology research and development, design, supply chain, brand, sales, service, etc., while cooperative car companies are mainly responsible for manufacturing, which also takes at least three years. If you choose to cooperate with traditional car companies, Xiaomi's potential partners include<a href=\"https://laohu8.com/S/002594\">BYD</a>Great Wall, Chery and many other car companies; If it chooses to cooperate with new forces, Xiaomi is most likely to establish such a partnership with XPeng Motors.</p><p>The most flattering way for Xiaomi to build a car is to acquire non-first-line new car companies in the market, and then transform them and make them bigger. The biggest advantage of this is to save time and effectively avoid the gap between itself and Tesla and several domestic new forces.</p><p>Considering that the market value of the new forces at the head already has a certain bubble, the new power car companies available for Xiaomi to acquire in the market at present are mainly those in the second and third tier or more backward, such as Leapmotor, AIWAYS, Nezha, Byton, Gaohe, Ranger, Singularity, etc.</p><p><b>Potential and Concerns</b></p><p>The Xiaomi brand is now a household name in China, and the marketing and popularity of Xiaomi cars will directly benefit from this, which will also help Xiaomi increase sales. Considering the current indispensable position of Xiaomi in the field of smart phones and smart homes, once Xiaomi cars sell considerably after their release, the perfect integration of people, cars and homes will be truly realized in the future.</p><p>Once Xiaomi does this, it will undoubtedly become a super technology giant spanning the two major industries of mobile phones and automobiles.</p><p>Under the most optimistic scenario, Xiaomi is expected to become one of the top mobile phone brands and automobile brands in the world at the same time, and become a giant enterprise that competes with Apple and Tesla at the same time, and its market value is far from comparable now.</p><p>But on the other hand, once Xiaomi officially starts to build cars, it means that a large part of the whole company's manpower, material and financial resources will be scattered into automobile projects, which will affect the development of mobile phone business to a certain extent. If Xiaomi fights on two fronts, it will be exhausted and easily lose its leading advantage when facing the competition of brands such as OPPO, vivo and glory. If Huawei returns again, it will further aggravate Xiaomi's competitive pressure.</p><p>Compared with Baidu, Xiaomi's car building has its obvious advantages, but it also has shortcomings. The advantage is that Xiaomi, at the helm of Lei Jun, is a wolfish enterprise. Once it enters a field, it will rush forward desperately, and it is often easy to kill a piece of the sky. Baidu lacks this wolfish nature and viciousness. The shortcoming lies in the fact that Xiaomi's cash flow reserves in the past were not as abundant as Baidu's, and at the same time, it faced the pressure of two-front operations. Once it faced the capital chain crisis, it was not excluded that there would be a situation where everything would be lost carelessly.</p><p>For Xiaomi, car building is an industry with huge potential to re-enter the upward channel, but it is also a decision full of potential risks, which is an important reason why Lei Jun has hesitated about it in the past two years.</p>","source":"lsy1580517846866","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>In addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIn addition to mobile phones, cars are built, and Xiaomi dual-line operations benchmark Apple and Tesla\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-02-20 18:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On February 19th, according to a late LatePost report, Xiaomi has decided to build a car and regards it as a strategic decision. However, the specific form and path have not yet been determined, and there may still be variables. Xiaomi will build a car or be personally led by Lei Jun, founder of Xiaomi Group. The news that Xiaomi made a car also stimulated the capital market, which directly caused Xiaomi's share price to rise by 10%. For this news, Xiaomi official is noncommittal.</p><p>A management person of Xiaomi Group said<a href=\"https://laohu8.com/S/00700\">Tencent</a>News \"Periscope\" said that Xiaomi did discuss the matter internally, but whether it will eventually build a car is subject to the official announcement.</p><p>Previously, Lei Jun's Shunwei Capital participated in the investment<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive and<a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>Two new car manufacturers, both of which encountered a huge survival crisis in 2019 and completed their bottom out in 2020, have a current market value of tens of billions of dollars, among which the market value of Nio once exceeded 100 billion dollars, which is equivalent to the market value of Xiaomi.</p><p>During the development of Nio and XPeng Automobile, Lei Jun was deeply involved in helping. In the early stage of Nio development, he learned from Xiaomi's community operation experience, and He Xiaopeng, chairman of Xiaopeng Automobile, also discussed with Lei Jun many times the problems encountered in the process of building a car and starting a business and how to solve them. In the second half of 2019, during the most difficult period of Xiaopeng Automobile, Xiaomi Group participated in the investment in Xiaopeng Automobile.</p><p>Today, with<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Huawei,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Technology and Internet companies have been making cars one after another, and they are highly sought after in the capital market. Xiaomi has also begun to consider entering the field of car manufacturing. However, Xiaomi is also the latest enterprise among these technology companies, and it does not have a first-mover advantage.</p><p><b>Have the ability to build cars</b></p><p>Nio, the head enterprise of new domestic car manufacturing forces, was established at the end of 2014. If Xiaomi didn't start until 2021, it would be nearly seven years late. It can be said that it has missed the best time window.</p><p>In the past seven years, Nio has grown from scratch, with user enterprises as its development goal, and become the first Chinese brand with an average selling price of more than 400,000 units and a monthly sales volume of more than 5,000 units. You must know that this is an achievement that Hongqi has never achieved in the past.</p><p><a href=\"https://laohu8.com/S/LI\">Li Auto</a>The first car, Ideal ONE, has become the number ONE new energy SUV model sales in just ONE year after its launch, and Xpeng Motors has also achieved the leading position in autonomous parking, voice interaction and autonomous driving assistance from scratch.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Sales are rising steadily despite price cuts.</p><p>From the above situation, it can be seen that artificial vehicles with Internet background are more insightful in the needs of users than those in the traditional automobile industry, and have initially obtained the recognition of users. But on the other hand, it also shows that the three companies in the first echelon have been established at present, while Baidu, Xiaomi and Huawei, which joined later, are all behind in time.</p><p>If it is a mobile phone, an enterprise is seven years behind in R&D and it is almost impossible to catch up, because many people's replacement frequency is usually within one year, and seven years is enough for the existing brands in the market to occupy users' minds. However, compared with mobile phones, the iteration cycle of cars is slower, which is one of the reasons why technology companies such as Xiaomi and Baidu consider entering the game.</p><p>Up to now, Baidu has announced its entry into the field of car manufacturing, with<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Cooperate to build a car, and have selected the CEO of the car manufacturing company. In the past few years, Baidu has invested a lot of manpower and material resources in research and development and promotion in the field of autonomous driving, which means that its car building seems to be a matter of course, not really starting from scratch.</p><p>Compared with Baidu's long-term cultivation in the field of autonomous driving, Xiaomi lacks the accumulation of corresponding technologies in the field of car manufacturing. In the past few years, it has not been in automobile autonomous driving,<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Research and development in the direction of cockpit and other directions does not seem to have the genes for building cars. But in fact, building cars and making mobile phones are both entrepreneurships in the hardware field, and they are logically similar. In the past few years, a variety of hardware products made by Xiaomi and many Xiaomi ecological chain enterprises have achieved success. Now Lei Jun wants to make a bigger hardware-car.</p><p>Car building especially depends on an enterprise's technology research and development, design, supply chain, marketing and manufacturing capabilities, which is precisely what Xiaomi, which has been making mobile phones for ten years, is very good at. The difference is that the supply chain management and manufacturing of automobiles are much more complicated than those of mobile phones.</p><p>At the capital level, building a car requires at least tens of billions of funds. At present, Xiaomi's cash reserves are tens of billions of yuan, and the company is profitable every year. As long as it keeps running normally and its performance is good, it is enough to support the capital needs of an automobile company.</p><p><b>Car build mode optional</b></p><p>Once Xiaomi enters the field of car manufacturing, the specific mode has a variety of options, including building cars independently from scratch, cooperating with existing car companies or acquiring a non-head car company to become bigger.</p><p>Considering that Xiaomi has entered the game late, it will take at least three or four years to deliver the first mass-produced car if it takes another land to build a factory and then starts to build its own car from scratch. At this time, Nio, XPeng and other car companies have already delivered more than five mass-produced cars. With the continuous upgrading and iteration, both software and hardware and autonomous driving are more mature, and Xiaomi will have an obvious gap with the new forces in the head, so this is not the best policy.</p><p>Another option is to refer to Baidu and Geely Automobile, and Nio and<a href=\"https://laohu8.com/S/600418\">JAC</a>We also choose to cooperate with existing mature car companies. Xiaomi is responsible for technology research and development, design, supply chain, brand, sales, service, etc., while cooperative car companies are mainly responsible for manufacturing, which also takes at least three years. If you choose to cooperate with traditional car companies, Xiaomi's potential partners include<a href=\"https://laohu8.com/S/002594\">BYD</a>Great Wall, Chery and many other car companies; If it chooses to cooperate with new forces, Xiaomi is most likely to establish such a partnership with XPeng Motors.</p><p>The most flattering way for Xiaomi to build a car is to acquire non-first-line new car companies in the market, and then transform them and make them bigger. The biggest advantage of this is to save time and effectively avoid the gap between itself and Tesla and several domestic new forces.</p><p>Considering that the market value of the new forces at the head already has a certain bubble, the new power car companies available for Xiaomi to acquire in the market at present are mainly those in the second and third tier or more backward, such as Leapmotor, AIWAYS, Nezha, Byton, Gaohe, Ranger, Singularity, etc.</p><p><b>Potential and Concerns</b></p><p>The Xiaomi brand is now a household name in China, and the marketing and popularity of Xiaomi cars will directly benefit from this, which will also help Xiaomi increase sales. Considering the current indispensable position of Xiaomi in the field of smart phones and smart homes, once Xiaomi cars sell considerably after their release, the perfect integration of people, cars and homes will be truly realized in the future.</p><p>Once Xiaomi does this, it will undoubtedly become a super technology giant spanning the two major industries of mobile phones and automobiles.</p><p>Under the most optimistic scenario, Xiaomi is expected to become one of the top mobile phone brands and automobile brands in the world at the same time, and become a giant enterprise that competes with Apple and Tesla at the same time, and its market value is far from comparable now.</p><p>But on the other hand, once Xiaomi officially starts to build cars, it means that a large part of the whole company's manpower, material and financial resources will be scattered into automobile projects, which will affect the development of mobile phone business to a certain extent. If Xiaomi fights on two fronts, it will be exhausted and easily lose its leading advantage when facing the competition of brands such as OPPO, vivo and glory. If Huawei returns again, it will further aggravate Xiaomi's competitive pressure.</p><p>Compared with Baidu, Xiaomi's car building has its obvious advantages, but it also has shortcomings. The advantage is that Xiaomi, at the helm of Lei Jun, is a wolfish enterprise. Once it enters a field, it will rush forward desperately, and it is often easy to kill a piece of the sky. Baidu lacks this wolfish nature and viciousness. The shortcoming lies in the fact that Xiaomi's cash flow reserves in the past were not as abundant as Baidu's, and at the same time, it faced the pressure of two-front operations. Once it faced the capital chain crisis, it was not excluded that there would be a situation where everything would be lost carelessly.</p><p>For Xiaomi, car building is an industry with huge potential to re-enter the upward channel, but it is also a decision full of potential risks, which is an important reason why Lei Jun has hesitated about it in the past two years.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/-PDJRnzcCVvrKWaM8h3U6Q\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/14d6e649b06703312499e84952510944","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://mp.weixin.qq.com/s/-PDJRnzcCVvrKWaM8h3U6Q","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143057177","content_text":"2月19日，据晚点 LatePost报道，小米已确定造车，并视其为战略级决策，不过具体形式和路径还未确定，或许仍有变数，小米造车或将由小米集团创始人雷军亲自带队。小米造车的消息也刺激了资本市场，该消息直接导致小米股价一度拉升10%。对于此消息，小米官方不置可否。\n一位小米集团管理层人士对腾讯新闻《潜望》表示，小米内部确实讨论过此事，但最终是否会造车以官方公告为准。\n此前，雷军旗下顺为资本参与投资了蔚来汽车和小鹏汽车两家新造车企业，两家企业都曾在2019年遭遇巨大的生存危机，并在2020年完成触底反弹，目前市值也都在数百亿美元，其中蔚来市值更是一度超越千亿美元，与小米市值相当。\n在蔚来和小鹏汽车发展过程中，雷军都曾深度参与帮忙，其中蔚来发展早期，曾借鉴了小米的社群运营经验，而小鹏汽车董事长何小鹏也多次与雷军探讨造车创业过程中遇到的问题以及如何解决，在2019年下半年小鹏汽车最艰难的时期，小米集团参与了对小鹏汽车的投资。\n如今，随着百度、华为、苹果等科技互联网公司相继传出造车，并在资本市场大受追捧，小米也开始考虑进入造车领域。然而，小米也是这几家科技公司中，最晚入局的企业，并不具有先发优势。\n具有造车能力\n国内造车新势力头部企业蔚来成立于2014年底，小米到2021年才起步的话已经晚了将近7年时间，可以说已经错过了最佳的时间窗口。\n过去七年，蔚来从无到有，以用户企业为发展目标，成为首个平均售价超过40万且单月销量超过5000台的中国品牌，要知道这是以往红旗都没做到的成绩。\n理想汽车的第一款车理想ONE 上市仅一年就成了新能源SUV单一车型销量第一名，而小鹏汽车也从零做到了自动泊车、语音交互以及自动驾驶辅助方面的领先，并且在特斯拉降价的情况下销量还在稳步上升。\n从上述情况可以看出，互联网背景出身的人造车比传统汽车行业的人更加洞悉用户需求，目前已经初步取得了用户的认可。但从另一个方面也说明，第一梯队的三家公司目前已经确立，而后来加入的百度、小米以及传言中的华为，都在时间上落后不少。\n如果是做手机，一家企业在研发上落后7年几乎无法追赶上，因为很多人的换机频率通常都在一年内之内，7年时间足以使市场上的已有品牌占领用户心智，但是与手机相比，汽车迭代周期更慢，这也是小米和百度等科技企业考虑入局的原因之一。\n截至目前，百度已宣布进入造车领域，与吉利汽车合作进行造车，并且已选定该造车公司CEO人选。百度过去几年在自动驾驶领域投入大量人力物力进行研发和推广，意味着其造车显得理所应当，并非真正从零开始。\n相比起百度长期耕耘自动驾驶领域不同的是，小米在造车领域缺乏相应技术的积累，过去几年并没有在汽车自动驾驶、智能座舱等方向进行研发，看起来不具有造车的基因。但实际上，造车与造手机同为硬件领域创业，在很多大逻辑上都是相通的。过去几年，小米以及众多小米生态链企业做出的多款硬件产品都取得了成功，如今雷军想做一个更大的硬件——汽车。\n造车特别依赖一家企业的技术研发、设计、供应链、营销以及生产制造能力，而这恰恰是做了十年手机的小米很擅长的工作。不同的是，汽车的供应链管理以及生产制造都比手机要复杂很多。\n资金层面，造车需要至少上百亿的资金，目前小米现金储备数百亿元，加上公司每年都在盈利，只要一直运转正常业绩向好，足够支撑起一家汽车企业的资金需求。\n造车模式可选项\n小米一旦进入造车领域，具体模式具有多种可选项，包括从零开始自主造车、与现有车企合作或者收购一家非头部车企做大等。\n考虑到小米入局时间已经较晚，如果再拿地建厂再从零开始自主造车，至少需要三四年时间才能交付首款量产车，而这时的蔚来、小鹏等车企都已经交付五款以上的量产车，随着持续不断地升级迭代，无论在软硬件还是自动驾驶层面都更为成熟，小米将会与头部新势力存在明显差距，因此这并非上策。\n另一种可选项是参考百度与吉利汽车，以及蔚来与江淮汽车的合作，也选择与现有成熟车企进行合作，小米负责技术研发、设计、供应链、品牌、销售、服务等方面，而合作车企主要负责生产制造，这同样需要至少三年时间。如果选择与传统车企合作，小米的潜在合作对象包括比亚迪、长城、奇瑞等诸多车企；如果选择与新势力合作，小米最有可能与小鹏汽车建立这样的合作关系。\n小米造车最为讨巧的方式是，收购市场上的非一线新势力车企，然后将其改造再做大，这样做最大的好处在于节省时间，有效避免自己与特斯拉以及几家国内头部新势力的差距过大。\n考虑到头部新势力的市值已经拥有一定泡沫，目前市场上可供小米收购的新势力车企，主要是处于二三线或更落后的车企，如零跑汽车、爱驰汽车、哪吒汽车、拜腾汽车、高合汽车、游侠汽车、奇点汽车等。\n潜力与隐忧\n小米品牌目前在中国家喻户晓，小米汽车的营销与知名度将会直接受益于此，这也将帮助小米提升销量。考虑到目前小米在智能手机和智能家居领域不可或缺的地位，一旦小米汽车发布后销量可观，未来将真正实现人、车与家的完美融合。\n一旦小米做成这件事，无疑将会成为横跨手机和汽车两大行业的超级科技巨头。\n最乐观的情况下，小米有望同时成为全球排名前几的手机品牌和汽车品牌，成为同时对标苹果和特斯拉的巨型企业，其市值也远非现在可比。\n但从另一方面，小米一旦正式开始造车，就意味着整个公司将会有很大一部分人力物力财力都被分散到汽车项目上，这样将会在一定程度上影响手机业务的发展。如果小米双线作战，在面临OPPO、vivo和荣耀等品牌的竞争时就会疲于奔命，容易丢掉领先优势，如果华为再度回归，将会进一步加剧小米的竞争压力。\n与百度相比，小米造车具有其明显优势之处，但同样也存在短板。优势之处在于雷军掌舵下的小米是一家具有狼性的企业，一旦进入一个领域便会不顾一切向前冲，往往容易杀出一片天，百度就缺乏这种狼性与狠劲。而短板就在于小米过去的现金流储备没有百度充裕，同时面临双线作战的压力，一旦面临资金链危机，不排除出现一着不慎满盘皆输的局面。\n对小米而言，造车是一个拥有巨大潜力可让公司重新进入上升通道的行业，但同时也是一个充满潜在风险的决定，这也是过去两年雷军对此犹豫不决的重要原因。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":3464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364312987,"gmtCreate":1614815237949,"gmtModify":1704775517906,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364312987","repostId":"1106033054","repostType":4,"repost":{"id":"1106033054","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614782340,"share":"https://ttm.financial/m/news/1106033054?lang=en_US&edition=fundamental","pubTime":"2021-03-03 22:39","market":"us","language":"zh","title":"Opening: U.S. stocks open low, XPeng leads the rebound of new car-making forces","url":"https://stock-news.laohu8.com/highlight/detail?id=1106033054","media":"老虎资讯综合","summary":"美债收益率扩大涨幅，10年和30年期债券收益率创本周新高。","content":"<p>On March 3rd (Wednesday), the three major U.S. stock indexes collectively open low. The number of ADP employed in the United States in February was 117,000, which fell short of the expected 177,000. In addition,<b>U.S. bond yields extended gains, with 10-and 30-year bond yields hitting new highs this week.</b></p><p>The Dow opened down 38.56 points, or 0.12%, at 31,352.96; The S&P 500 opened down 7.93 points, or 0.20%, at 3,862.36; The Nasdaq Composite Index opened down 20.39 points, or 0.15%, at 13,358.79.</p><p><img src=\"https://static.tigerbbs.com/3b5042fd3c9327cdc2b399d077aa1b86\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Over 3%, Pinduoduo's DAU surpassed Taobao during the Spring Festival, ranking first in the industry.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>With an increase of more than 3%, XPeng Automobile launched two lithium iron phosphate models today.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/NIU\">Mavericks Electric</a>It rose more than 2%.</p><p><a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 5% in the session.</p><p>China Concept Stock<a href=\"https://laohu8.com/S/TAOP\">Taoping</a>It rose by more than 11% and announced the appointment of Wang Dongfeng as chief strategy officer.</p><p><a href=\"https://laohu8.com/S/GSX\">Who to learn from</a>It fell at the beginning of the session and is now down by more than 5%. Who learned to counterattack the short selling report yesterday, saying that the internal investigation found no financial problems.</p><p>New Leader of Retail Concept<a href=\"https://laohu8.com/S/RKT\">Rocket Companies</a>It fell more than 9% and closed up more than 70% on Tuesday. Recently, the discussion of Rocket Companies in the WSB sector has risen sharply.</p><p><img src=\"https://static.tigerbbs.com/27f3c0438b34c5121bbe913672c66e8b\" tg-width=\"840\" tg-height=\"470\"></p><p>Bitcoin prices rebounded sharply, and the blockchain sector of U.S. stocks rose sharply.<a href=\"https://laohu8.com/S/NCTY\">9th City</a>、<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>It rose by more than 16%,<a href=\"https://laohu8.com/S/SOS\">SOS Ltd.</a>rose by more than 8%,<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>It rose by over 9%.</p><p><a href=\"https://laohu8.com/S/KMPH\">KemPharm</a>It rose by more than 80%, after the company announced that the U.S. Food and Drug Administration approved the ADHD treatment drug Azstarys.</p><p><a href=\"https://laohu8.com/S/ZM\">Zoom</a>up nearly 2% after flagship fund Ark Innovation ETF (AARK) bought 255,621 shares of Zoom stock worth more than $95 million amid the plunge.</p><p><a href=\"https://laohu8.com/S/MU\">Micron Technology</a>up 0.32%. The company expects second-quarter revenue to be $6.2 billion to $6.25 billion, compared with the previous expectation of $5.6 billion to $6 billion.</p><p><a href=\"https://laohu8.com/S/LYFT\">Lyft</a>With an increase of more than 5%, Lyft expects that the average daily ridesharing volume in Q1 of 21 years will exceed that in Q4 of 20 years, achieving three consecutive months of growth.</p><p><a href=\"https://laohu8.com/S/OCGN\">Ocugen</a>It rose by more than 23%, and the medium-term effectiveness of the new coronavirus vaccine jointly developed with Indian Biotech company Bharat Biotech was 81%.</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>Opening: U.S. stocks open low, XPeng leads the rebound of new car-making forces</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpening: U.S. stocks open low, XPeng leads the rebound of new car-making forces\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-03 22:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On March 3rd (Wednesday), the three major U.S. stock indexes collectively open low. The number of ADP employed in the United States in February was 117,000, which fell short of the expected 177,000. In addition,<b>U.S. bond yields extended gains, with 10-and 30-year bond yields hitting new highs this week.</b></p><p>The Dow opened down 38.56 points, or 0.12%, at 31,352.96; The S&P 500 opened down 7.93 points, or 0.20%, at 3,862.36; The Nasdaq Composite Index opened down 20.39 points, or 0.15%, at 13,358.79.</p><p><img src=\"https://static.tigerbbs.com/3b5042fd3c9327cdc2b399d077aa1b86\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Over 3%, Pinduoduo's DAU surpassed Taobao during the Spring Festival, ranking first in the industry.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Motors</a>With an increase of more than 3%, XPeng Automobile launched two lithium iron phosphate models today.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/NIU\">Mavericks Electric</a>It rose more than 2%.</p><p><a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose more than 5% in the session.</p><p>China Concept Stock<a href=\"https://laohu8.com/S/TAOP\">Taoping</a>It rose by more than 11% and announced the appointment of Wang Dongfeng as chief strategy officer.</p><p><a href=\"https://laohu8.com/S/GSX\">Who to learn from</a>It fell at the beginning of the session and is now down by more than 5%. Who learned to counterattack the short selling report yesterday, saying that the internal investigation found no financial problems.</p><p>New Leader of Retail Concept<a href=\"https://laohu8.com/S/RKT\">Rocket Companies</a>It fell more than 9% and closed up more than 70% on Tuesday. Recently, the discussion of Rocket Companies in the WSB sector has risen sharply.</p><p><img src=\"https://static.tigerbbs.com/27f3c0438b34c5121bbe913672c66e8b\" tg-width=\"840\" tg-height=\"470\"></p><p>Bitcoin prices rebounded sharply, and the blockchain sector of U.S. stocks rose sharply.<a href=\"https://laohu8.com/S/NCTY\">9th City</a>、<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>It rose by more than 16%,<a href=\"https://laohu8.com/S/SOS\">SOS Ltd.</a>rose by more than 8%,<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>It rose by over 9%.</p><p><a href=\"https://laohu8.com/S/KMPH\">KemPharm</a>It rose by more than 80%, after the company announced that the U.S. Food and Drug Administration approved the ADHD treatment drug Azstarys.</p><p><a href=\"https://laohu8.com/S/ZM\">Zoom</a>up nearly 2% after flagship fund Ark Innovation ETF (AARK) bought 255,621 shares of Zoom stock worth more than $95 million amid the plunge.</p><p><a href=\"https://laohu8.com/S/MU\">Micron Technology</a>up 0.32%. The company expects second-quarter revenue to be $6.2 billion to $6.25 billion, compared with the previous expectation of $5.6 billion to $6 billion.</p><p><a href=\"https://laohu8.com/S/LYFT\">Lyft</a>With an increase of more than 5%, Lyft expects that the average daily ridesharing volume in Q1 of 21 years will exceed that in Q4 of 20 years, achieving three consecutive months of growth.</p><p><a href=\"https://laohu8.com/S/OCGN\">Ocugen</a>It rose by more than 23%, and the medium-term effectiveness of the new coronavirus vaccine jointly developed with Indian Biotech company Bharat Biotech was 81%.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106033054","content_text":"3月3日（周三），美股三大指数集体低开。美国2月ADP就业人数11.7万人，不及预期的17.7万人。此外，美债收益率扩大涨幅，10年和30年期债券收益率创本周新高。道琼斯指数开盘下跌38.56点，跌幅0.12%，报31352.96点；标普500指数开盘下跌7.93点，跌幅0.20%，报3862.36点；纳斯达克综合指数开盘下跌20.39点，跌幅0.15%，报13358.79点。拼多多涨超3%，拼多多春节期间DAU超过淘宝，位列行业第一。小鹏汽车涨超3%，小鹏汽车今日推出2款磷酸铁锂车型。理想汽车、蔚来、小牛电动涨超2%。哔哩哔哩盘中涨超5%。中概股淘屏涨超11%，宣布任命汪东风为首席战略官。跟谁学盘初下挫，现跌超5%。跟谁学昨日反击做空报告，称内部调查未发现财务问题。散户概念新龙头Rocket Companies跌超9%，周二收涨逾70%，近日Rocket Companies在WSB板块中的讨论度大幅上升。比特币价格大幅反弹，美股区块链板块大涨。第九城市、嘉楠科技涨超16%，SOS Ltd.涨超8%，Riot Blockchain涨超9%。KemPharm涨超80%，此前公司宣布美国食品药品监督管理局批准多动症治疗药物Azstarys。Zoom涨近2%，此前旗舰基金方舟创新ETF（AARK）在大跌中买入了255621股Zoom股票，价值超过9500万美元。美光科技涨0.32%，公司预计第二季度营收将为62亿至62.5亿美元，此前预期为56亿至60亿美元。Lyft涨超5%，Lyft预计21年Q1日均拼车量将超20年Q4，实现连续三个月增长。Ocugen涨超23%，与印度生物技术公司Bharat Biotech共同开发的新冠病毒疫苗中期有效性为81%。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":4665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364316314,"gmtCreate":1614815215738,"gmtModify":1704775516776,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364316314","repostId":"1156410668","repostType":4,"repost":{"id":"1156410668","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614782895,"share":"https://ttm.financial/m/news/1156410668?lang=en_US&edition=fundamental","pubTime":"2021-03-03 22:48","market":"us","language":"zh","title":"U.S. inflation measure topped 2.5% for first time since 2008","url":"https://stock-news.laohu8.com/highlight/detail?id=1156410668","media":"老虎资讯综合","summary":"美国五年期通胀保值国债（TIPS）损益平衡通胀率涨至2.5%上方，创2008年以来新高。10年期美债收益率涨向1.48%，日内当前涨幅超过8.0个基点。\n此前，媒体报道称，欧洲央行无意干预欧元区债券收","content":"<p>The U.S. five-year inflation-protected Treasury Bond (TIPS) profit-and-loss balance inflation rate rose above 2.5%, a new high since 2008. The yield on the 10-year U.S. bond rose to 1.48%, and the current increase in the day exceeded 8.0 basis points.</p><p>It follows media reports that the ECB has no intention of intervening in the rally in euro zone bond yields. Germany's 10-year Treasury Bond yield refreshed to a daily high of-0.303%, with the current intraday increase of nearly 5.0 basis points.</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>U.S. inflation measure topped 2.5% for first time since 2008</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. inflation measure topped 2.5% for first time since 2008\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-03 22:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The U.S. five-year inflation-protected Treasury Bond (TIPS) profit-and-loss balance inflation rate rose above 2.5%, a new high since 2008. The yield on the 10-year U.S. bond rose to 1.48%, and the current increase in the day exceeded 8.0 basis points.</p><p>It follows media reports that the ECB has no intention of intervening in the rally in euro zone bond yields. Germany's 10-year Treasury Bond yield refreshed to a daily high of-0.303%, with the current intraday increase of nearly 5.0 basis points.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/eaa375c3f2142c42f281c81029b9c0da","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156410668","content_text":"美国五年期通胀保值国债（TIPS）损益平衡通胀率涨至2.5%上方，创2008年以来新高。10年期美债收益率涨向1.48%，日内当前涨幅超过8.0个基点。\n此前，媒体报道称，欧洲央行无意干预欧元区债券收益率的涨势。德国10年期国债收益率刷新日高至-0.303%，日内当前涨幅将近5.0个基点。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4061,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360109829,"gmtCreate":1613863521861,"gmtModify":1704885489264,"author":{"id":"3576808490333004","authorId":"3576808490333004","name":"一茗王","avatar":"https://static.tigerbbs.com/bb488b40ca1e9b06bfd387f3acf02dcc","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576808490333004","idStr":"3576808490333004"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360109829","repostId":"1166915001","repostType":4,"repost":{"id":"1166915001","kind":"news","weMediaInfo":{"introduction":"轻松诙谐，一览财经趣事。","home_visible":1,"media_name":"侃见财经","id":"1090688601","head_image":"https://static.tigerbbs.com/b30934034f584369aeef0c7ed4236314"},"pubTimestamp":1613789171,"share":"https://ttm.financial/m/news/1166915001?lang=en_US&edition=fundamental","pubTime":"2021-02-20 10:46","market":"hk","language":"zh","title":"Lei Jun ended up \"kicking football\". Is it reliable for Xiaomi to build a car?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166915001","media":"侃见财经","summary":"小米不仅走出了低谷，现在已经开始攀越高山了。2月19日，有媒体报道称，小米已经确定造车，且将造车作为战略级决策。知情人士还称，小米造车或将由雷军亲自带队。消息一出，小米集团股价盘中大涨12%，收盘回落","content":"<p>Not only has Xiaomi emerged from the trough, but it has now begun to climb the mountain. On February 19th, some media reported that Xiaomi had decided to build a car, and made it a strategic decision. People familiar with the matter also said that Xiaomi will build a car or be personally led by Lei Jun.</p><p><img src=\"https://static.tigerbbs.com/d092a5bfd1b9cb3b3655676043d00f0e\" tg-width=\"1080\" tg-height=\"771\" referrerpolicy=\"no-referrer\"></p><p>As soon as the news came out, Xiaomi Group's share price rose by 12% in the intraday session, closing back to 6.4%, with a total market value of HK$ 772.2 billion.</p><p>For Xiaomi's car manufacturing, Xiaomi Group responded that it would not respond for the time being, waiting for public information disclosure.</p><p>I think Xiaomi's car building is a high probability event. For new energy vehicles, a track with relatively \"low threshold\" and good certainty, it is not a good time to cut in at this time.</p><p>In the past decade, Xiaomi has been born for \"fever\" from scratch.</p><p>In order to achieve the ultimate hardware, Xiaomi's products can always see the shadow of \"cost performance\". In order to kill the quality, Lei Jun has run to Japan several times to learn from the experience. Fortunately, Lei Jun ran through the line of smart phones and basically eliminated China's cottage mobile phones.</p><p>On July 9, 2018, Lei Jun and Xiaomi landed on HKEx.</p><p>Listing is an important milestone for every company. In less than ten years from its founding to listing, Xiaomi surpassed Jinshan, and Lei Jun also proved his value with Xiaomi.</p><p>At the beginning of the listing, Jack Ma, Ma Huateng, Li Ka-shing and others appeared in Xiaomi's shareholder list, and investors also enthusiastically blessed Xiaomi with their \"voting rights\". To this end, Lei Jun once said that \"investors who bought Xiaomi shares on the first day of listing should earn at least double\".</p><p><img src=\"https://static.tigerbbs.com/7e22a5d3be905a202d9210a65c3f5285\" tg-width=\"1080\" tg-height=\"749\" referrerpolicy=\"no-referrer\"></p><p>At the beginning of 2019, Lei Jun wrote in the circle of friends, \"Ten years ago, I came up with the idea of founding Xiaomi; Ten years later, hundreds of millions of people around the world are using Xiaomi products in various ways; In the past ten years, I don't seem to have changed much. I have to give it a shit!\"</p><p>What Lei Jun didn't expect was that Xiaomi's share price fell below the issue price before he had time to play. In order to stop the share price from falling, Lei Jun thought of many ways, including extending the lifting time, promising not to sell and repurchase, and so on.</p><p>But none of this has made Xiaomi's share price improve at all. In one year, Xiaomi's share price has dropped by 50% from the issuance price. At that time, the market was full of two voices. The first one thought that Xiaomi's issue price was too high, which was the main reason for its continuous decline, and its valuation could only be valued according to the manufacturing industry. They thought that Xiaomi's share price was still overvalued. Another believes that Xiaomi should be valued by Internet companies, and Xiaomi's share price is obviously undervalued.</p><p>Under both voices, the market is obviously more inclined to the former.</p><p>Lei Jun once said in public: \"In the face of the falling stock price, I am too anxious to sleep. Everyone has invested $5.5 billion. If it falls too ugly, how can I go out to meet people?\"</p><p>On the one hand, there is double-digit growth in revenue and net profit, and on the other hand, there is a share price below the issue price. Although Lei Jun's \"efforts\" are limited, he still makes unremitting efforts.</p><p>In 2020, a pandemic changed the ecology and landscape of global business.</p><p><img src=\"https://static.tigerbbs.com/d79620f3e3dafdacd4737cbcb2a815cc\" tg-width=\"1080\" tg-height=\"780\" referrerpolicy=\"no-referrer\"></p><p>In the middle of last year, Xiaomi regained its upward trend driven by Internet companies such as Meituan, and the market also reevaluated Xiaomi's value. In less than a year, Xiaomi's share price rose from HK$ 10/share to a maximum of HK$ 35.9/share. Not only that, Xiaomi's revenue also exceeded 200 billion yuan (in 2019, Xiaomi's revenue was 205.839 billion, and its net profit was 10.044 billion yuan).</p><p>In the past year, most of Huawei's lost overseas markets have been taken over by Xiaomi, but the ceiling of the global mobile phone market has become very obvious. Under the stock market, the future game will definitely become more and more fierce.</p><p>Regarding car building, it is reported that Lei Jun has considered the feasibility of Xiaomi car building many times before, but it has been rejected many times.</p><p>In my opinion, the new energy vehicle track has now become one of the biggest outlets in the world. Evergrande Xu Jiayin once predicted that the track will be a market of over 10 trillion in the next ten years.</p><p>So today, Lei Jun's cutting into this track can not only seek new growth points for Xiaomi, but also intensify the healthy competition of this track. In fact, Lei Jun didn't suddenly come up with the idea of building a car. As early as 2013, Lei Jun visited Tesla CEO Musk twice in the United States. And he wrote on his official account, \"I'm very interested in Musk's Tesla car.\"</p><p><img src=\"https://static.tigerbbs.com/41a93d03c8ae0af9d68db31beb0d9f5a\" tg-width=\"1080\" tg-height=\"950\" referrerpolicy=\"no-referrer\"></p><p>In 2015, Lei Jun also revealed the idea of building a car. However, at that time, the outside world was not optimistic about building a car. Since then, Lei Jun did not continue to advance. However, it is somewhat interesting that he founded Shunwei Capital and invested not only in Nio Motors, but also in Li Auto. Even XPeng Motors invested 50 million US dollars.</p><p>According to media reports, in 2018, Xiaomi has launched an internal research on a car-building project named \"micar\", led by the staff department responsible for formulating Xiaomi's strategy.</p><p>At present, Apple, Samsung and Huawei have all cut into the new energy track, and Tencent, Ali and Baidu have also entered the game in various forms. Evergrande has invested more than 400 billion yuan for this purpose. Under the secret battle of all forces, I think Xiaomi's entry is just right. Not long ago, Xiaomi Group just issued an additional 26 billion yuan, which means that Xiaomi has waited for the right time, place and people, and all the conditions have been met.</p><p>On the whole, I think Xiaomi will finally play football, because all the global mobile phone manufacturers have basically entered the game, and some leading Internet companies are also quick. If Xiaomi still decides to invest instead of going off in person at this time, Xiaomi will definitely be the most frustrated one on the new energy track in the future.</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>Lei Jun ended up \"kicking football\". Is it reliable for Xiaomi to build a car?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLei Jun ended up \"kicking football\". Is it reliable for Xiaomi to build a car?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1090688601\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/b30934034f584369aeef0c7ed4236314);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">侃见财经 </p>\n<p class=\"h-time smaller\">2021-02-20 10:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Not only has Xiaomi emerged from the trough, but it has now begun to climb the mountain. On February 19th, some media reported that Xiaomi had decided to build a car, and made it a strategic decision. People familiar with the matter also said that Xiaomi will build a car or be personally led by Lei Jun.</p><p><img src=\"https://static.tigerbbs.com/d092a5bfd1b9cb3b3655676043d00f0e\" tg-width=\"1080\" tg-height=\"771\" referrerpolicy=\"no-referrer\"></p><p>As soon as the news came out, Xiaomi Group's share price rose by 12% in the intraday session, closing back to 6.4%, with a total market value of HK$ 772.2 billion.</p><p>For Xiaomi's car manufacturing, Xiaomi Group responded that it would not respond for the time being, waiting for public information disclosure.</p><p>I think Xiaomi's car building is a high probability event. For new energy vehicles, a track with relatively \"low threshold\" and good certainty, it is not a good time to cut in at this time.</p><p>In the past decade, Xiaomi has been born for \"fever\" from scratch.</p><p>In order to achieve the ultimate hardware, Xiaomi's products can always see the shadow of \"cost performance\". In order to kill the quality, Lei Jun has run to Japan several times to learn from the experience. Fortunately, Lei Jun ran through the line of smart phones and basically eliminated China's cottage mobile phones.</p><p>On July 9, 2018, Lei Jun and Xiaomi landed on HKEx.</p><p>Listing is an important milestone for every company. In less than ten years from its founding to listing, Xiaomi surpassed Jinshan, and Lei Jun also proved his value with Xiaomi.</p><p>At the beginning of the listing, Jack Ma, Ma Huateng, Li Ka-shing and others appeared in Xiaomi's shareholder list, and investors also enthusiastically blessed Xiaomi with their \"voting rights\". To this end, Lei Jun once said that \"investors who bought Xiaomi shares on the first day of listing should earn at least double\".</p><p><img src=\"https://static.tigerbbs.com/7e22a5d3be905a202d9210a65c3f5285\" tg-width=\"1080\" tg-height=\"749\" referrerpolicy=\"no-referrer\"></p><p>At the beginning of 2019, Lei Jun wrote in the circle of friends, \"Ten years ago, I came up with the idea of founding Xiaomi; Ten years later, hundreds of millions of people around the world are using Xiaomi products in various ways; In the past ten years, I don't seem to have changed much. I have to give it a shit!\"</p><p>What Lei Jun didn't expect was that Xiaomi's share price fell below the issue price before he had time to play. In order to stop the share price from falling, Lei Jun thought of many ways, including extending the lifting time, promising not to sell and repurchase, and so on.</p><p>But none of this has made Xiaomi's share price improve at all. In one year, Xiaomi's share price has dropped by 50% from the issuance price. At that time, the market was full of two voices. The first one thought that Xiaomi's issue price was too high, which was the main reason for its continuous decline, and its valuation could only be valued according to the manufacturing industry. They thought that Xiaomi's share price was still overvalued. Another believes that Xiaomi should be valued by Internet companies, and Xiaomi's share price is obviously undervalued.</p><p>Under both voices, the market is obviously more inclined to the former.</p><p>Lei Jun once said in public: \"In the face of the falling stock price, I am too anxious to sleep. Everyone has invested $5.5 billion. If it falls too ugly, how can I go out to meet people?\"</p><p>On the one hand, there is double-digit growth in revenue and net profit, and on the other hand, there is a share price below the issue price. Although Lei Jun's \"efforts\" are limited, he still makes unremitting efforts.</p><p>In 2020, a pandemic changed the ecology and landscape of global business.</p><p><img src=\"https://static.tigerbbs.com/d79620f3e3dafdacd4737cbcb2a815cc\" tg-width=\"1080\" tg-height=\"780\" referrerpolicy=\"no-referrer\"></p><p>In the middle of last year, Xiaomi regained its upward trend driven by Internet companies such as Meituan, and the market also reevaluated Xiaomi's value. In less than a year, Xiaomi's share price rose from HK$ 10/share to a maximum of HK$ 35.9/share. Not only that, Xiaomi's revenue also exceeded 200 billion yuan (in 2019, Xiaomi's revenue was 205.839 billion, and its net profit was 10.044 billion yuan).</p><p>In the past year, most of Huawei's lost overseas markets have been taken over by Xiaomi, but the ceiling of the global mobile phone market has become very obvious. Under the stock market, the future game will definitely become more and more fierce.</p><p>Regarding car building, it is reported that Lei Jun has considered the feasibility of Xiaomi car building many times before, but it has been rejected many times.</p><p>In my opinion, the new energy vehicle track has now become one of the biggest outlets in the world. Evergrande Xu Jiayin once predicted that the track will be a market of over 10 trillion in the next ten years.</p><p>So today, Lei Jun's cutting into this track can not only seek new growth points for Xiaomi, but also intensify the healthy competition of this track. In fact, Lei Jun didn't suddenly come up with the idea of building a car. As early as 2013, Lei Jun visited Tesla CEO Musk twice in the United States. And he wrote on his official account, \"I'm very interested in Musk's Tesla car.\"</p><p><img src=\"https://static.tigerbbs.com/41a93d03c8ae0af9d68db31beb0d9f5a\" tg-width=\"1080\" tg-height=\"950\" referrerpolicy=\"no-referrer\"></p><p>In 2015, Lei Jun also revealed the idea of building a car. However, at that time, the outside world was not optimistic about building a car. Since then, Lei Jun did not continue to advance. However, it is somewhat interesting that he founded Shunwei Capital and invested not only in Nio Motors, but also in Li Auto. Even XPeng Motors invested 50 million US dollars.</p><p>According to media reports, in 2018, Xiaomi has launched an internal research on a car-building project named \"micar\", led by the staff department responsible for formulating Xiaomi's strategy.</p><p>At present, Apple, Samsung and Huawei have all cut into the new energy track, and Tencent, Ali and Baidu have also entered the game in various forms. Evergrande has invested more than 400 billion yuan for this purpose. Under the secret battle of all forces, I think Xiaomi's entry is just right. Not long ago, Xiaomi Group just issued an additional 26 billion yuan, which means that Xiaomi has waited for the right time, place and people, and all the conditions have been met.</p><p>On the whole, I think Xiaomi will finally play football, because all the global mobile phone manufacturers have basically entered the game, and some leading Internet companies are also quick. If Xiaomi still decides to invest instead of going off in person at this time, Xiaomi will definitely be the most frustrated one on the new energy track in the future.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d092a5bfd1b9cb3b3655676043d00f0e","relate_stocks":{"01810":"小米集团-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166915001","content_text":"小米不仅走出了低谷，现在已经开始攀越高山了。2月19日，有媒体报道称，小米已经确定造车，且将造车作为战略级决策。知情人士还称，小米造车或将由雷军亲自带队。消息一出，小米集团股价盘中大涨12%，收盘回落至6.4%，总市值为7722亿港币。对于小米造车，小米集团回应称，暂不回应，等公开信息披露。我认为小米造车为大概率事件，对于新能源车这个门槛相对“不高”且确定性比较好的赛道，此时切入不可谓不是一个好时机。过去的十年时间里，小米从零开始为“发烧而生”。为了把硬件做到极致，小米的产品总能看到“性价比”的影子。为了死磕质量，雷军曾跑了数次日本取经。幸运的是，雷军跑通了智能手机这条线，也基本消灭中国的山寨手机。2018年7月9日，雷军携小米登陆港交所。上市对于每一家公司来说都是一个重要的里程碑，从创立到上市不到十年的时间，小米超越了金山，雷军也用小米证明了他的价值。上市之初，小米的股东列表里出现了马云、马化腾、李嘉诚等人，投资者也热情地用手中的“投票权”加持着小米。为此，雷军曾表示“要让上市首日买入小米股票的投资人赚至少一倍以上”。2019年年初，雷军在朋友圈写道，“十年前，我产生出了创办小米的想法；十年后，全球有几亿人在各种用小米的产品；这十年，我好像没什么变化。我得嘚瑟一下！”让雷军没想到的是他还没来得及嘚瑟，小米的股价就跌破了发行价，为了让股价止跌，雷军想了很多办法，包括延长解禁时间，承诺不抛售以及回购等等。但这一切都没能让小米的股价有一丁点起色，一年时间里，小米的股价较发行价跌了50%。当时市场充斥着两种声音，第一种认为小米发行价过高，这是其跌跌不休的主要原因，并且其估值也只能按照制造业去估值，他们认为小米股价仍被高估。另外一种认为小米应该以互联网企业去估值，小米的股价显然被低估了。两种声音下，市场显然更倾向于前者。雷军曾在公开场合谈到：“面对不断下跌的股价，我都焦虑得睡不着觉。大家都投资了55亿美元了，要是跌得太难看，我还怎么出去见人？”一边是两位数增长的营收和净利，一边是跌破发行价的股价，尽管雷军“努力”有限，但他仍然做着不懈的努力。2020年，一场疫情改变了全球商业的生态和格局。去年年中，小米在美团等互联网企业的带动下重拾升势，市场也重新评估了小米的价值。不到一年的时间里，小米的股价从10港元/股，涨至最高35.9港元/股。不仅如此，小米的营收也突破2000亿元（2019年小米营收2058.39亿，净利润100.44亿）。过去的一年，华为在海外的失去的市场大部分都被小米接了过去，但全球手机市场的天花板已经十分明显，存量市场下，未来博弈肯定会愈发激烈。对于造车，有报道称雷军此前曾多次考虑小米造车的可行性，但被多次否决。在我看来，如今新能源车赛道已经全球最大的风口之一，恒大许家印曾预测未来十年，该赛道将会是一个超十万亿级的市场。所以今天，雷军切入这个赛道不仅能为小米寻求新的增长点，也能加剧该赛道的良性竞争。事实上，关于造车想法雷军也不是现在突然冒出来的，早在2013年，雷军就曾两次去美国拜访特斯拉CEO马斯克。并且他在自己的公众号上撰文称，“我对Musk的Tesla汽车很感兴趣。”2015年，雷军也曾流露过造车的想法，不过当时外界对于造车并不乐观，其后雷军就没有继续推进，但有些意思的是，他创立了顺为资本不仅投资了蔚来汽车，还投资了理想汽车，就连小鹏汽车他也都投资了5000万美金。据媒体报道，2018年小米就已经在内部启动了名为 “micar” 的造车项目调研，由负责制定小米战略的参谋部牵头。目前，苹果、三星、华为都已经切入新能源赛道，腾讯、阿里、百度也以各种形式入局，恒大为此已经投资超过了4000亿，各方势力暗战下，我觉得小米入局恰到好处，且此前不久，小米集团刚增发260亿元，也就是说小米已经等到了天时地利人和，所有的条件已经都具备了。综合而言，我认为小米最终一定会下场踢球，因为全球手机大厂基本已经全部入局，一些互联网头部企业也都快马扬鞭，如果此时小米依旧决定投资而不亲自下场，未来新能源赛道上，小米必然是最失意的那个。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":3828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}