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- T1213121T1213121
  ·2022-08-06
  Sharing some of my favourite places in Singapore! All taken by me when exploring this beautiful island we call home 🇸🇬1. Treetop walk @ MacRitchie Reservoir2. Jewel Changi Airport3. The Float @ Marina BayHappy 57th birthday Singapore!!
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- T1213121T1213121
  ·2021-06-14
  Alibaba
  Sorry, this post has been deleted
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- T1213121T1213121
  ·2021-02-06
  “China’s Starbucks”
  Luckin Coffee Files for Chapter 15 Bankruptcy in New York
  (Bloomberg) -- Embattled Chinese coffee chain Luckin Coffee Inc. filed for Chapter 15 bankruptcy in
  Luckin Coffee Files for Chapter 15 Bankruptcy in New York
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- T1213121T1213121
  ·2021-02-05
  Nice
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- T1213121T1213121
  ·2021-02-04
  Xpeng
  What are the challenges facing Biden's electric vehicle program?
  President Biden may be winning points with environmentalists, renewable-energy champions and U.S. allies abroad for his serious approach to slowing global warming, but his electric-vehicle plan has some practical challenges when applied across all 50 states.Transportation isthe largest source of U.S. greenhouse gas emissions, which is why electric-vehicle adoption is a cornerstone of President Joe Biden’s ambitious climate-change plan.Biden may be winning points with some consumers, environmenta
  What are the challenges facing Biden's electric vehicle program?
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- T1213121T1213121
  ·2021-02-04
  BABA
  Ant and Chinese Banks Are Reining In Joint Loans to Consumers
  (Bloomberg) -- Ant Group Co. and at least a dozen banks are paring back their years-long cooperation
  Ant and Chinese Banks Are Reining In Joint Loans to Consumers
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The company has never officially admitted or denied the SEC’s allegations.</p>\n<p>Luckin’s alleged malfeasance, which involved misstating its revenue, expenses and operating loss, was all done to give investors the false impression that the company was experiencing miraculous growth, the SEC said.</p>\n<p>The chain’s collapse has led to renewed scrutiny of Chinese companies that sell shares on U.S. exchanges without adhering to rules that require their audits be inspected by American regulators. The fallout also triggered fresh concerns for global investors about China’s corporate governance, while contributing to the U.S. Congress passing legislation late last year that could lead to Chinese businesses being kicked out of American markets.</p>\n<p>Founded in 2017, Luckin operated about 4,500 stores in mainland China as of the end of 2019. The chain pulled in customers by offering massive discounts and sought to reach 10,000 locations by the end of 2021.</p>\n<p></p>","source":"yahoofinance","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>Luckin Coffee Files for Chapter 15 Bankruptcy in New York</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLuckin Coffee Files for Chapter 15 Bankruptcy in New York\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 17:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/luckin-coffee-files-chapter-15-091150472.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Embattled Chinese coffee chain Luckin Coffee Inc. filed for Chapter 15 bankruptcy in New York, less than a year after the company said that more than a quarter’s worth of business may ...</p>\n\n<a href=\"https://finance.yahoo.com/news/luckin-coffee-files-chapter-15-091150472.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/120ddcc8b271bde3f640b7b0fcaaa22f","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/luckin-coffee-files-chapter-15-091150472.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2109722637","content_text":"(Bloomberg) -- Embattled Chinese coffee chain Luckin Coffee Inc. filed for Chapter 15 bankruptcy in New York, less than a year after the company said that more than a quarter’s worth of business may have been faked.\nThe move will protect the company from lawsuits by U.S. creditors while it reorganizes in China, where it runs several thousand outlets. All its coffee shops will remain open for business and the Chapter 15 petition will not materially impact the company’s day-to-day operations, according to a statement issued on Friday.\n“The company continues to meet its trade obligations in the ordinary course of business, including paying suppliers, vendors and employees,” the statement said.\nThe bankruptcy filing caps a saga in which the coffee chain, once thought of as a challenger to Starbucks Corp.’s dominance in China, fired its chairman and chief executive officer, paid hundreds of millions out in fines to both Chinese and U.S. regulators, and saw its stock plunge 90% before being delisted by Nasdaq.\nThe U.S. Securities and Exchange Commission fined the company $180 million in December after finding that it intentionally fabricated more than $300 million in sales from April 2019 through January 2020. The company has never officially admitted or denied the SEC’s allegations.\nLuckin’s alleged malfeasance, which involved misstating its revenue, expenses and operating loss, was all done to give investors the false impression that the company was experiencing miraculous growth, the SEC said.\nThe chain’s collapse has led to renewed scrutiny of Chinese companies that sell shares on U.S. exchanges without adhering to rules that require their audits be inspected by American regulators. The fallout also triggered fresh concerns for global investors about China’s corporate governance, while contributing to the U.S. Congress passing legislation late last year that could lead to Chinese businesses being kicked out of American markets.\nFounded in 2017, Luckin operated about 4,500 stores in mainland China as of the end of 2019. The chain pulled in customers by offering massive discounts and sought to reach 10,000 locations by the end of 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317717349,"gmtCreate":1612485636681,"gmtModify":1704871800204,"author":{"id":"3574854488928895","authorId":"3574854488928895","name":"T1213121","avatar":"https://community-static.tradeup.com/news/5b4df11ae370aa4dd766241576d6f7b0","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574854488928895","authorIdStr":"3574854488928895"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317717349","repostId":"1140015602","repostType":4,"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317338964,"gmtCreate":1612415497458,"gmtModify":1704870849062,"author":{"id":"3574854488928895","authorId":"3574854488928895","name":"T1213121","avatar":"https://community-static.tradeup.com/news/5b4df11ae370aa4dd766241576d6f7b0","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574854488928895","authorIdStr":"3574854488928895"},"themes":[],"htmlText":"Xpeng","listText":"Xpeng","text":"Xpeng","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317338964","repostId":"1198883855","repostType":4,"repost":{"id":"1198883855","kind":"news","pubTimestamp":1612407577,"share":"https://ttm.financial/m/news/1198883855?lang=&edition=fundamental","pubTime":"2021-02-04 10:59","market":"us","language":"en","title":"What are the challenges facing Biden's electric vehicle program?","url":"https://stock-news.laohu8.com/highlight/detail?id=1198883855","media":"marketwatch","summary":"President Biden may be winning points with environmentalists, renewable-energy champions and U.S. allies abroad for his serious approach to slowing global warming, but his electric-vehicle plan has some practical challenges when applied across all 50 states.Transportation isthe largest source of U.S. greenhouse gas emissions, which is why electric-vehicle adoption is a cornerstone of President Joe Biden’s ambitious climate-change plan.Biden may be winning points with some consumers, environmenta","content":"<p>President Biden may be winning points with environmentalists, renewable-energy champions and U.S. allies abroad for his serious approach to slowing global warming, but his electric-vehicle plan has some practical challenges when applied across all 50 states.</p><p>Transportation isthe largest source of U.S. greenhouse gas emissions, which is why electric-vehicle adoption is a cornerstone of President Joe Biden’s ambitious climate-change plan.</p><p>Biden may be winning points with some consumers, environmentalists, renewable-energy champions and allies abroad for his serious approach to slowing emissions, but his electric-vehicle initiative has some practical implementation challenges: states have varying barriers to entry.</p><p>Biden via executive order has said he will replace the U.S. government’s fleet of roughly 650,000 vehicles with electric models and encourage a broader national shift to electric cars, including installing 500,000 new electric vehicle charging stations across the country.</p><p>But states and cities have their own hot-and-cold political climate toward EVs and, for instance, some areas have sharply raised registration fees on EVs as an offset for lost tax revenue tied to gasoline purchases.</p><p>EVs tend to have lower lifetime ownership costs because of low fueling and maintenance expenses. But the higher initial purchase cost and lack of access to vehicle charging remain barriers for many households and fleet owners.</p><p>“Charging is the big challenge right now,” said Joe Wiesenfelder, executive editor at Cars.com. “People will want to charge at home, overnight, then unplug and drive. At-home charging doesn’t work in every home without modification. And once on the road and needing a charge, even fast-charging batteries aren’t as fast as the five minutes consumers are used to spending at a gas station.”</p><p>Still, well aware of the burgeoning policy and regulatory trend, several states, led by California, are taking comprehensive steps to help enable more residents and businesses to use and charge EVs. Other states notably have done less to reduce barriers to entry, according to the American Council for an Energy-Efficient Economy, in what it suggests is a first-of-its-kind&nbsp;report&nbsp;ranking states.</p><p>States that rate high in this particular report are mitigating obstacles by offering purchase incentives to buy EVs (on top of federal tax credits, which are up to $7,500 for select manufacturers, excluding TeslaTSLA,-2.07%,where credits have been phased out), adding more charging options and setting lower electric rates at preferred car-charging times.</p><p>California is the only state to set deadlines for electrifying transit buses, heavy trucks and commercial vehicles. The state is also one of the few to offer assistance for lower-income drivers replacing older, high-polluting cars with zero- or near-zero-emissions vehicles, and it plans to deploy chargers in economically distressed areas and communities with a history of environmental injustice.</p><p>California scored 91 out of 100 possible points. Other top finishers include New York; Washington, D.C.; Maryland; Massachusetts; Washington State; Vermont; Colorado; Oregon and New Jersey.</p><p>Twenty states earned 15 points or fewer.</p><p><img src=\"https://static.tigerbbs.com/fda572f679aec2a40d1fa93f5d4312dd\" tg-width=\"620\" tg-height=\"509\" referrerpolicy=\"no-referrer\">Evaluation in the American Council for an Energy-Efficient Economy scorecard focuses on the states that have demonstrated some level of progress on transportation electrification. Unranked states achieved no more than 15% of the total available points.</p><p>According to the state rankings, the most common state actions to electrify transportation include planning for more EVs and EV charging options (23 states); incentives such as rebates, tax credits and grants to buy large electric pickups and delivery trucks (27 states); using federal funds to buy electric transit buses (48 states); utility programs that offer lower electric rates at preferred times for EV (Level 2) charging (36 states) and utility funding to spur EV and EV charging adoption in low-income areas and environmental justice communities (15 states).</p><p>Cars.com’s Wiesenfelder said the pursuit of more EVs on the road has historically been a “pull not a push,” meaning consumers aren’t yet in front and plans are subsidy-reliant.</p><p>Cars.com said that despite the positive momentum expected in the EV category this year, hybrids and EV searches made up less than 1% of total searches&nbsp;on&nbsp;its site in 2020, signaling a long road ahead for mainstream adoption.</p><p>Under Biden’sproposed aim for net-zero U.S. emissionsby no later than 2050, the EV share of passenger vehicle sales would have to hit at least 25% by 2026, with electric-car sales reaching 4 million per year,&nbsp; Bloomberg NEF analysts, led by Aleksandra O’Donovan, said inreportlate last year.</p><p>Undeniably market forces are changing, especially with tech companies such as AppleAAPLrumored to enter the market, and automakers like HyundaiKR:005380, FordFand GMGMannouncing plans to significantly invest and expand their EV platforms. GM last week saidit aspires to offer only electric vehicles in 15 yearson its way to become a carbon-neutral company by 2040.</p><p>How fast local governments and individuals make the upgrades remain a challenge to the federal agenda.</p><p>“The leading states are embracing this transition, but many more are just starting, even as the automakers are preparing a burst of new electric models,” said Bryan Howard, state policy director at the American Council for an Energy-Efficient Economy.</p>","source":"lsy1603348471595","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> What are the challenges facing Biden's electric vehicle program?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n What are the challenges facing Biden's electric vehicle program?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 10:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-big-challenge-to-bidens-electric-vehicle-pledge-every-state-is-different-11612389231?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Biden may be winning points with environmentalists, renewable-energy champions and U.S. allies abroad for his serious approach to slowing global warming, but his electric-vehicle plan has ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-big-challenge-to-bidens-electric-vehicle-pledge-every-state-is-different-11612389231?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/11fb5ef0b1cb032e12ea701b85e5650d","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.marketwatch.com/story/the-big-challenge-to-bidens-electric-vehicle-pledge-every-state-is-different-11612389231?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198883855","content_text":"President Biden may be winning points with environmentalists, renewable-energy champions and U.S. allies abroad for his serious approach to slowing global warming, but his electric-vehicle plan has some practical challenges when applied across all 50 states.Transportation isthe largest source of U.S. greenhouse gas emissions, which is why electric-vehicle adoption is a cornerstone of President Joe Biden’s ambitious climate-change plan.Biden may be winning points with some consumers, environmentalists, renewable-energy champions and allies abroad for his serious approach to slowing emissions, but his electric-vehicle initiative has some practical implementation challenges: states have varying barriers to entry.Biden via executive order has said he will replace the U.S. government’s fleet of roughly 650,000 vehicles with electric models and encourage a broader national shift to electric cars, including installing 500,000 new electric vehicle charging stations across the country.But states and cities have their own hot-and-cold political climate toward EVs and, for instance, some areas have sharply raised registration fees on EVs as an offset for lost tax revenue tied to gasoline purchases.EVs tend to have lower lifetime ownership costs because of low fueling and maintenance expenses. But the higher initial purchase cost and lack of access to vehicle charging remain barriers for many households and fleet owners.“Charging is the big challenge right now,” said Joe Wiesenfelder, executive editor at Cars.com. “People will want to charge at home, overnight, then unplug and drive. At-home charging doesn’t work in every home without modification. And once on the road and needing a charge, even fast-charging batteries aren’t as fast as the five minutes consumers are used to spending at a gas station.”Still, well aware of the burgeoning policy and regulatory trend, several states, led by California, are taking comprehensive steps to help enable more residents and businesses to use and charge EVs. Other states notably have done less to reduce barriers to entry, according to the American Council for an Energy-Efficient Economy, in what it suggests is a first-of-its-kind report ranking states.States that rate high in this particular report are mitigating obstacles by offering purchase incentives to buy EVs (on top of federal tax credits, which are up to $7,500 for select manufacturers, excluding TeslaTSLA,-2.07%,where credits have been phased out), adding more charging options and setting lower electric rates at preferred car-charging times.California is the only state to set deadlines for electrifying transit buses, heavy trucks and commercial vehicles. The state is also one of the few to offer assistance for lower-income drivers replacing older, high-polluting cars with zero- or near-zero-emissions vehicles, and it plans to deploy chargers in economically distressed areas and communities with a history of environmental injustice.California scored 91 out of 100 possible points. Other top finishers include New York; Washington, D.C.; Maryland; Massachusetts; Washington State; Vermont; Colorado; Oregon and New Jersey.Twenty states earned 15 points or fewer.Evaluation in the American Council for an Energy-Efficient Economy scorecard focuses on the states that have demonstrated some level of progress on transportation electrification. Unranked states achieved no more than 15% of the total available points.According to the state rankings, the most common state actions to electrify transportation include planning for more EVs and EV charging options (23 states); incentives such as rebates, tax credits and grants to buy large electric pickups and delivery trucks (27 states); using federal funds to buy electric transit buses (48 states); utility programs that offer lower electric rates at preferred times for EV (Level 2) charging (36 states) and utility funding to spur EV and EV charging adoption in low-income areas and environmental justice communities (15 states).Cars.com’s Wiesenfelder said the pursuit of more EVs on the road has historically been a “pull not a push,” meaning consumers aren’t yet in front and plans are subsidy-reliant.Cars.com said that despite the positive momentum expected in the EV category this year, hybrids and EV searches made up less than 1% of total searches on its site in 2020, signaling a long road ahead for mainstream adoption.Under Biden’sproposed aim for net-zero U.S. emissionsby no later than 2050, the EV share of passenger vehicle sales would have to hit at least 25% by 2026, with electric-car sales reaching 4 million per year,  Bloomberg NEF analysts, led by Aleksandra O’Donovan, said inreportlate last year.Undeniably market forces are changing, especially with tech companies such as AppleAAPLrumored to enter the market, and automakers like HyundaiKR:005380, FordFand GMGMannouncing plans to significantly invest and expand their EV platforms. GM last week saidit aspires to offer only electric vehicles in 15 yearson its way to become a carbon-neutral company by 2040.How fast local governments and individuals make the upgrades remain a challenge to the federal agenda.“The leading states are embracing this transition, but many more are just starting, even as the automakers are preparing a burst of new electric models,” said Bryan Howard, state policy director at the American Council for an Energy-Efficient Economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317331552,"gmtCreate":1612415451876,"gmtModify":1704870847766,"author":{"id":"3574854488928895","authorId":"3574854488928895","name":"T1213121","avatar":"https://community-static.tradeup.com/news/5b4df11ae370aa4dd766241576d6f7b0","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574854488928895","authorIdStr":"3574854488928895"},"themes":[],"htmlText":"BABA","listText":"BABA","text":"BABA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317331552","repostId":"2108791116","repostType":4,"repost":{"id":"2108791116","kind":"news","pubTimestamp":1612407835,"share":"https://ttm.financial/m/news/2108791116?lang=&edition=fundamental","pubTime":"2021-02-04 11:03","market":"sh","language":"en","title":"Ant and Chinese Banks Are Reining In Joint Loans to Consumers","url":"https://stock-news.laohu8.com/highlight/detail?id=2108791116","media":"Bloomberg","summary":"(Bloomberg) -- Ant Group Co. and at least a dozen banks are paring back their years-long cooperation","content":"<p>(Bloomberg) -- Ant Group Co. and at least a dozen banks are paring back their years-long cooperation on consumer lending platforms that fuel the spending of at least 500 million people across China.</p>\n<p>Regulators have signaled their intention to curb online loans in recent months, prompting banks and Ant itself to discuss lending caps, people familiar with the matter said, asking not to be identified discussing a private information.</p>\n<p>Banks in Zhejiang province have been instructed to cut their exposure to Ant via joint loans on the firm’s Jiebei and Huabei platforms, the people said. Some lenders in Shanghai have set a timetable for a gradual reduction in joint offerings, while at least <a href=\"https://laohu8.com/S/AONE\">one</a> in Shandong has completely suspended ties with the firm, the people said.</p>\n<p>The moves have taken place in parallel with Ant’s discussions with Chinese authorities on a restructuring plan. Bloomberg reported on Wednesday that Ant has agreed to become a financial holding company, making it subject to capital requirements similar to those for banks.</p>\n<p>Consumer credit has been crucial in driving growth at Ant’s digital finance business, which contributed 63% of the firm’s revenue in the first half of 2020 before the authorities unleashed a barrage of rules to curb the country’s booming financial technology industry. Regulators also want to prevent any <a href=\"https://laohu8.com/S/AONE.U\">one</a> firm from becoming too dominant.</p>\n<p>The regulators upended a $35 billion initial public offering by Ant Group in November, stunning investors from Shanghai to New York. In a conference call with investors on Tuesday, Alibaba Group Holding Ltd. Chief Executive Officer Daniel Zhang said there is “substantial uncertainty” with Ant’s business and it is difficult to assess the impact of the new regulations. Alibaba owns a third of Ant and both were founded by billionaire Jack Ma.</p>\n<p>Ant declined to comment. The China Banking and Insurance Regulatory Commission didn’t immediately respond to a request seeking comment.</p>\n<p>Among the hardest-hitting for Ant was the proposal to impose additional capital requirements on microlenders and demand that fintech platforms put up at least 30% of the funding for loans that are jointly offered with banks. Before the proposal, only about 2% of the more than 1.7 trillion yuan ($263 billion) in loans remained on Ant’s balance sheet, with the bulk of funding coming from its about 100 bank partners.</p>\n<p>Ant needs to inject at least 70 billion yuan of new capital just for its credit-lending business to comply with the regulation, according to a November estimate by Francis Chan, a senior analyst at Bloomberg Intelligence in Hong Kong.</p>\n<p>Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, said last month recent measures weren’t aimed at any specific company and have been well received by some in the industry. Some of the firms have a “relatively positive attitude” toward the new requirements and have achieved “initial effects” in their “rectification” efforts, he said.</p>\n<p>Banks and insurers should continue to cooperate normally with internet platforms in compliance with laws and regulations and some lenders that have pulled back should correct their behavior, Liang said, without elaborating.</p>\n<p>Still, local banking regulators in provinces including Zhejiang and Hunan are urging banks that have relied heavily on Ant for client referrals and lending growth to cut back, said the people.</p>\n<p>“While the restructuring would bring Ant a step closer to relaunching its IPO, all its units face more restrictions on capital, leverage and product pricing, risking growth,” said Chan, who estimated Ant’s valuation may have fallen to below $108 billion from a $280 billion pre-money valuation ahead of its failed IPO.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ant and Chinese Banks Are Reining In Joint Loans to Consumers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnt and Chinese Banks Are Reining In Joint Loans to Consumers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ant-chinese-banks-reining-joint-010651856.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Ant Group Co. and at least a dozen banks are paring back their years-long cooperation on consumer lending platforms that fuel the spending of at least 500 million people across China.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/ant-chinese-banks-reining-joint-010651856.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1684aaaa06891b8d2dd04a9941acb502","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/ant-chinese-banks-reining-joint-010651856.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2108791116","content_text":"(Bloomberg) -- Ant Group Co. and at least a dozen banks are paring back their years-long cooperation on consumer lending platforms that fuel the spending of at least 500 million people across China.\nRegulators have signaled their intention to curb online loans in recent months, prompting banks and Ant itself to discuss lending caps, people familiar with the matter said, asking not to be identified discussing a private information.\nBanks in Zhejiang province have been instructed to cut their exposure to Ant via joint loans on the firm’s Jiebei and Huabei platforms, the people said. Some lenders in Shanghai have set a timetable for a gradual reduction in joint offerings, while at least one in Shandong has completely suspended ties with the firm, the people said.\nThe moves have taken place in parallel with Ant’s discussions with Chinese authorities on a restructuring plan. Bloomberg reported on Wednesday that Ant has agreed to become a financial holding company, making it subject to capital requirements similar to those for banks.\nConsumer credit has been crucial in driving growth at Ant’s digital finance business, which contributed 63% of the firm’s revenue in the first half of 2020 before the authorities unleashed a barrage of rules to curb the country’s booming financial technology industry. Regulators also want to prevent any one firm from becoming too dominant.\nThe regulators upended a $35 billion initial public offering by Ant Group in November, stunning investors from Shanghai to New York. In a conference call with investors on Tuesday, Alibaba Group Holding Ltd. Chief Executive Officer Daniel Zhang said there is “substantial uncertainty” with Ant’s business and it is difficult to assess the impact of the new regulations. Alibaba owns a third of Ant and both were founded by billionaire Jack Ma.\nAnt declined to comment. The China Banking and Insurance Regulatory Commission didn’t immediately respond to a request seeking comment.\nAmong the hardest-hitting for Ant was the proposal to impose additional capital requirements on microlenders and demand that fintech platforms put up at least 30% of the funding for loans that are jointly offered with banks. Before the proposal, only about 2% of the more than 1.7 trillion yuan ($263 billion) in loans remained on Ant’s balance sheet, with the bulk of funding coming from its about 100 bank partners.\nAnt needs to inject at least 70 billion yuan of new capital just for its credit-lending business to comply with the regulation, according to a November estimate by Francis Chan, a senior analyst at Bloomberg Intelligence in Hong Kong.\nLiang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, said last month recent measures weren’t aimed at any specific company and have been well received by some in the industry. Some of the firms have a “relatively positive attitude” toward the new requirements and have achieved “initial effects” in their “rectification” efforts, he said.\nBanks and insurers should continue to cooperate normally with internet platforms in compliance with laws and regulations and some lenders that have pulled back should correct their behavior, Liang said, without elaborating.\nStill, local banking regulators in provinces including Zhejiang and Hunan are urging banks that have relied heavily on Ant for client referrals and lending growth to cut back, said the people.\n“While the restructuring would bring Ant a step closer to relaunching its IPO, all its units face more restrictions on capital, leverage and product pricing, risking growth,” said Chan, who estimated Ant’s valuation may have fallen to below $108 billion from a $280 billion pre-money valuation ahead of its failed IPO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}