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Yafong
Yafong
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2021-08-11
Wa
Li Auto-W's first-hand winning rate is 50%, and the subscription of 4 lots is stable
8月11日，理想汽车-W发布公告，公司全球发售1亿股股份，其中香港发售股份1000万股，国际发售股份9000万股，另有15%超额配股权；最终发售价定为每股发售股份118.00港元，A类普通股每手买卖单
Li Auto-W's first-hand winning rate is 50%, and the subscription of 4 lots is stable
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Yafong
Yafong
·
2021-08-11
Wa
Li Auto-W's first-hand winning rate is 50%, and the subscription of 4 lots is stable
8月11日，理想汽车-W发布公告，公司全球发售1亿股股份，其中香港发售股份1000万股，国际发售股份9000万股，另有15%超额配股权；最终发售价定为每股发售股份118.00港元，A类普通股每手买卖单
Li Auto-W's first-hand winning rate is 50%, and the subscription of 4 lots is stable
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Yafong
Yafong
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2021-08-04
G
China Concept Online Games Stocks Accelerate Downward, Game Working Committee Meets to Promote Anti-addiction Work
周二美股盘中，中概游戏股短线加速下行，截至发稿，网易跌超11%，哔哩哔哩跌近10%。同时，腾讯控股ADR跌超7%。 消息面上，中国音数协游戏工委相关负责人回应21世纪经济报道记者，近日游戏工委已召集
China Concept Online Games Stocks Accelerate Downward, Game Working Committee Meets to Promote Anti-addiction Work
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Yafong
Yafong
·
2021-08-03
ICC
Dario: Don't be scared away by the recent adjustment of Chinese stocks
近期中概股和A股市场出现明显波动，但桥水基创始人达里奥表示，投资者不应该对市场短期波动感到忧虑而卖出中国资产，最终错过中国经济发展的红利。 桥水基金达里奥在其社交媒体账号上撰文称，近期中国政策出现了新
Dario: Don't be scared away by the recent adjustment of Chinese stocks
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Yafong
Yafong
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2021-08-03
Good
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Yafong
Yafong
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2021-08-01
Hao
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Yafong
Yafong
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2021-08-01
W
"New Stock News" Wumart Technology's Hong Kong IPO or postponement
据《彭博通讯社》引述消息称，内地连锁百货经营商物美科技在香港上市的计划或面临押後，因公司正在解答港交所 在IPO审查阶段对其业务经营所提出的问题。早前市场消息称，物美科技计划筹集10亿美元，去年有传物美目标集资10亿至20亿美元。官网资料显示，物美集团成立於1994年，旗下有美廉美、新华百货、浙江供销、百安居、奥士凯物美、崇菜物美、圣熙八号、京北大世界等多个品牌，业务涉及零售贸易、电子商务、互联网/物联网科技、物流运输等。(da/k)~阿思达克财经新闻网址: www.aastocks.com
"New Stock News" Wumart Technology's Hong Kong IPO or postponement
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Yafong
Yafong
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2021-08-01
Good
Betting on Jidu Car, how far can Baidu's dream of building a car fly?
起了个大早赶了个晚集 百度自动驾驶不再想成为汽车的“灵魂”了？ 在上汽集团董事长陈虹提出要把“灵魂”掌握在自己手中后不久，百度自动驾驶产品运营部总监徐宝强近期在接受媒体采访时表示：“百度现在的发展方
Betting on Jidu Car, how far can Baidu's dream of building a car fly?
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Yafong
Yafong
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2021-07-30
hello
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Yafong
Yafong
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2021-07-29
hi
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follows:</b></p><p><img src=\"https://static.tigerbbs.com/90dc33d8cf6dd54bbb8089aa202a675a\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p><b>Assignment Results:</b></p><p>Group A has 100 shares per lot, the winning rate of one lot is 50%, and the subscription of 4 lots is stable.</p><p>The head of Group B was 35,000 shares (350 lots), and 10,500 shares (105 lots) were allocated.</p><p><img src=\"https://static.tigerbbs.com/b72b9980b33d2bc145bf750eac99fc97\" tg-width=\"750\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5852a66a7931d4851ceef4c3351892b0\" tg-width=\"786\" tg-height=\"485\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/e99a932ac3365eb3bf4b8ec5aa2f7806\" tg-width=\"792\" tg-height=\"436\" referrerpolicy=\"no-referrer\"></p><p>The Offer Shares initially offered under the International Offering have been over-subscribed, representing approximately 7.9 times the total number of Offer Shares initially available under the International Offering. The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been over-subscribed. A total of 50,264 valid applications were received, representing approximately 5.50 times the total number of Hong Kong Offer Shares initially available under the Hong Kong Public Offering.</p><p>Assuming the Over-allotment Option is not exercised, the net proceeds to be received by the Company from the Global Offering, based on the Offer Price of HK$118.00 per Offer Share, are estimated to be approximately HK$11,551.9 million. The Company intends to allocate approximately 45% of these net proceeds to research and development in the next 12 to 36 months; approximately 45% is expected to be used to fund the expansion of infrastructure, marketing and promotion in the next 12 to 36 months; Approximately 10% is expected to be used for working capital and other general corporate purposes in the next 12 months to support the Company's business operations and growth. If the Over-allotment Option is exercised in full, the Company will receive additional net proceeds of approximately HK$1,742.4 million in respect of the 15 million Class A ordinary shares to be issued upon the exercise of the Over-allotment Option.</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>Li Auto-W's first-hand winning rate is 50%, and the subscription of 4 lots is stable</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; 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}\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\">\nLi Auto-W's first-hand winning rate is 50%, and the subscription of 4 lots is stable\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\">2021-08-11 06:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 11,<a href=\"https://laohu8.com/S/02015\">Li Auto-W.</a>Announced that the company offered 100 million shares globally, including 10 million shares offered in Hong Kong, 90 million shares offered internationally, and 15% over-allotment option; The final Offer Price is fixed at HK$118.00 per Offer Share with board lots of 100 Class A Ordinary Shares;<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>And<a href=\"https://laohu8.com/S/601995\">CICC</a>Being a joint sponsor; The Class A ordinary shares are expected to be listed on the Main Board of the Stock Exchange on 12 August 2021.</p><p><b>The relevant data of Tiger Information are as follows:</b></p><p><img src=\"https://static.tigerbbs.com/90dc33d8cf6dd54bbb8089aa202a675a\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p><b>Assignment Results:</b></p><p>Group A has 100 shares per lot, the winning rate of one lot is 50%, and the subscription of 4 lots is stable.</p><p>The head of Group B was 35,000 shares (350 lots), and 10,500 shares (105 lots) were allocated.</p><p><img src=\"https://static.tigerbbs.com/b72b9980b33d2bc145bf750eac99fc97\" tg-width=\"750\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5852a66a7931d4851ceef4c3351892b0\" tg-width=\"786\" tg-height=\"485\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/e99a932ac3365eb3bf4b8ec5aa2f7806\" tg-width=\"792\" tg-height=\"436\" referrerpolicy=\"no-referrer\"></p><p>The Offer Shares initially offered under the International Offering have been over-subscribed, representing approximately 7.9 times the total number of Offer Shares initially available under the International Offering. The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been over-subscribed. A total of 50,264 valid applications were received, representing approximately 5.50 times the total number of Hong Kong Offer Shares initially available under the Hong Kong Public Offering.</p><p>Assuming the Over-allotment Option is not exercised, the net proceeds to be received by the Company from the Global Offering, based on the Offer Price of HK$118.00 per Offer Share, are estimated to be approximately HK$11,551.9 million. The Company intends to allocate approximately 45% of these net proceeds to research and development in the next 12 to 36 months; approximately 45% is expected to be used to fund the expansion of infrastructure, marketing and promotion in the next 12 to 36 months; Approximately 10% is expected to be used for working capital and other general corporate purposes in the next 12 months to support the Company's business operations and growth. If the Over-allotment Option is exercised in full, the Company will receive additional net proceeds of approximately HK$1,742.4 million in respect of the 15 million Class A ordinary shares to be issued upon the exercise of the Over-allotment Option.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c3461c9400040bdfdce3ecdd4882fbed","relate_stocks":{"02015":"理想汽车-W","LI":"理想汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133103562","content_text":"8月11日，理想汽车-W发布公告，公司全球发售1亿股股份，其中香港发售股份1000万股，国际发售股份9000万股，另有15%超额配股权；最终发售价定为每股发售股份118.00港元，A类普通股每手买卖单位100股；高盛及中金公司为联席保荐人；预期A类普通股将于2021年8月12日于联交所主板挂牌上市。\n老虎资讯整理相关数据如下：\n\n分配结果：\n甲组每手100股，一手中签率50%，认购4手稳中一手。\n乙组头为3.5万股（350手），获配10500股（105手）。\n\n国际发售初步提呈发售的发售股份已获超额认购，相当于国际发售初步可供认购发售股份总数的约7.9倍。香港公开发售项下初步提呈发售的香港发售股份已获超额认购。合共接获50,264份有效申请，相当于香港公开发售项下初步可供认购香港发售股份总数约5.50倍。\n假设超额配售权未获行使，按发售价每股发售股份118.00港元计算，公司将收取的全球发售所得款项净额估计约为115.519亿港元。公司拟将该等所得款项净额约45%将于未来12至36个月分配至研发用途；约45%预期将用于为未来12至36个月扩大基础设施、市场营销及宣传提供资金；约10%预期将于未来12个月用作营运资金及其他一般公司用途，以支持公司的业务营运及增长。倘超额配售权获悉数行使，公司将就超额配售权获行使后拟发行的1500万股A类普通股收取额外所得款项净额约17.424亿港元。","news_type":1,"symbols_score_info":{"LI":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":4401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892830723,"gmtCreate":1628647153862,"gmtModify":1676529807781,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"Wa","listText":"Wa","text":"Wa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892830723","repostId":"1133103562","repostType":4,"repost":{"id":"1133103562","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":1628635870,"share":"https://ttm.financial/m/news/1133103562?lang=en_US&edition=fundamental","pubTime":"2021-08-11 06:51","market":"hk","language":"zh","title":"Li Auto-W's first-hand winning rate is 50%, and the subscription of 4 lots is stable","url":"https://stock-news.laohu8.com/highlight/detail?id=1133103562","media":"老虎资讯综合","summary":"8月11日，理想汽车-W发布公告，公司全球发售1亿股股份，其中香港发售股份1000万股，国际发售股份9000万股，另有15%超额配股权；最终发售价定为每股发售股份118.00港元，A类普通股每手买卖单","content":"<p>On August 11,<a href=\"https://laohu8.com/S/02015\">Li Auto-W.</a>Announced that the company offered 100 million shares globally, including 10 million shares offered in Hong Kong, 90 million shares offered internationally, and 15% over-allotment option; The final Offer Price is fixed at HK$118.00 per Offer Share with board lots of 100 Class A Ordinary Shares;<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>And<a href=\"https://laohu8.com/S/601995\">CICC</a>Being a joint sponsor; The Class A ordinary shares are expected to be listed on the Main Board of the Stock Exchange on 12 August 2021.</p><p><b>The relevant data of Tiger Information are as follows:</b></p><p><img src=\"https://static.tigerbbs.com/90dc33d8cf6dd54bbb8089aa202a675a\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p><b>Assignment Results:</b></p><p>Group A has 100 shares per lot, the winning rate of one lot is 50%, and the subscription of 4 lots is stable.</p><p>The head of Group B was 35,000 shares (350 lots), and 10,500 shares (105 lots) were allocated.</p><p><img src=\"https://static.tigerbbs.com/b72b9980b33d2bc145bf750eac99fc97\" tg-width=\"750\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5852a66a7931d4851ceef4c3351892b0\" tg-width=\"786\" tg-height=\"485\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/e99a932ac3365eb3bf4b8ec5aa2f7806\" tg-width=\"792\" tg-height=\"436\" referrerpolicy=\"no-referrer\"></p><p>The Offer Shares initially offered under the International Offering have been over-subscribed, representing approximately 7.9 times the total number of Offer Shares initially available under the International Offering. The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been over-subscribed. A total of 50,264 valid applications were received, representing approximately 5.50 times the total number of Hong Kong Offer Shares initially available under the Hong Kong Public Offering.</p><p>Assuming the Over-allotment Option is not exercised, the net proceeds to be received by the Company from the Global Offering, based on the Offer Price of HK$118.00 per Offer Share, are estimated to be approximately HK$11,551.9 million. The Company intends to allocate approximately 45% of these net proceeds to research and development in the next 12 to 36 months; approximately 45% is expected to be used to fund the expansion of infrastructure, marketing and promotion in the next 12 to 36 months; Approximately 10% is expected to be used for working capital and other general corporate purposes in the next 12 months to support the Company's business operations and growth. If the Over-allotment Option is exercised in full, the Company will receive additional net proceeds of approximately HK$1,742.4 million in respect of the 15 million Class A ordinary shares to be issued upon the exercise of the Over-allotment Option.</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>Li Auto-W's first-hand winning rate is 50%, and the subscription of 4 lots is stable</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\">\nLi Auto-W's first-hand winning rate is 50%, and the subscription of 4 lots is stable\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\">2021-08-11 06:51</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 11,<a href=\"https://laohu8.com/S/02015\">Li Auto-W.</a>Announced that the company offered 100 million shares globally, including 10 million shares offered in Hong Kong, 90 million shares offered internationally, and 15% over-allotment option; The final Offer Price is fixed at HK$118.00 per Offer Share with board lots of 100 Class A Ordinary Shares;<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>And<a href=\"https://laohu8.com/S/601995\">CICC</a>Being a joint sponsor; The Class A ordinary shares are expected to be listed on the Main Board of the Stock Exchange on 12 August 2021.</p><p><b>The relevant data of Tiger Information are as follows:</b></p><p><img src=\"https://static.tigerbbs.com/90dc33d8cf6dd54bbb8089aa202a675a\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p><b>Assignment Results:</b></p><p>Group A has 100 shares per lot, the winning rate of one lot is 50%, and the subscription of 4 lots is stable.</p><p>The head of Group B was 35,000 shares (350 lots), and 10,500 shares (105 lots) were allocated.</p><p><img src=\"https://static.tigerbbs.com/b72b9980b33d2bc145bf750eac99fc97\" tg-width=\"750\" tg-height=\"653\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5852a66a7931d4851ceef4c3351892b0\" tg-width=\"786\" tg-height=\"485\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/e99a932ac3365eb3bf4b8ec5aa2f7806\" tg-width=\"792\" tg-height=\"436\" referrerpolicy=\"no-referrer\"></p><p>The Offer Shares initially offered under the International Offering have been over-subscribed, representing approximately 7.9 times the total number of Offer Shares initially available under the International Offering. The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been over-subscribed. A total of 50,264 valid applications were received, representing approximately 5.50 times the total number of Hong Kong Offer Shares initially available under the Hong Kong Public Offering.</p><p>Assuming the Over-allotment Option is not exercised, the net proceeds to be received by the Company from the Global Offering, based on the Offer Price of HK$118.00 per Offer Share, are estimated to be approximately HK$11,551.9 million. The Company intends to allocate approximately 45% of these net proceeds to research and development in the next 12 to 36 months; approximately 45% is expected to be used to fund the expansion of infrastructure, marketing and promotion in the next 12 to 36 months; Approximately 10% is expected to be used for working capital and other general corporate purposes in the next 12 months to support the Company's business operations and growth. If the Over-allotment Option is exercised in full, the Company will receive additional net proceeds of approximately HK$1,742.4 million in respect of the 15 million Class A ordinary shares to be issued upon the exercise of the Over-allotment Option.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c3461c9400040bdfdce3ecdd4882fbed","relate_stocks":{"02015":"理想汽车-W","LI":"理想汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133103562","content_text":"8月11日，理想汽车-W发布公告，公司全球发售1亿股股份，其中香港发售股份1000万股，国际发售股份9000万股，另有15%超额配股权；最终发售价定为每股发售股份118.00港元，A类普通股每手买卖单位100股；高盛及中金公司为联席保荐人；预期A类普通股将于2021年8月12日于联交所主板挂牌上市。\n老虎资讯整理相关数据如下：\n\n分配结果：\n甲组每手100股，一手中签率50%，认购4手稳中一手。\n乙组头为3.5万股（350手），获配10500股（105手）。\n\n国际发售初步提呈发售的发售股份已获超额认购，相当于国际发售初步可供认购发售股份总数的约7.9倍。香港公开发售项下初步提呈发售的香港发售股份已获超额认购。合共接获50,264份有效申请，相当于香港公开发售项下初步可供认购香港发售股份总数约5.50倍。\n假设超额配售权未获行使，按发售价每股发售股份118.00港元计算，公司将收取的全球发售所得款项净额估计约为115.519亿港元。公司拟将该等所得款项净额约45%将于未来12至36个月分配至研发用途；约45%预期将用于为未来12至36个月扩大基础设施、市场营销及宣传提供资金；约10%预期将于未来12个月用作营运资金及其他一般公司用途，以支持公司的业务营运及增长。倘超额配售权获悉数行使，公司将就超额配售权获行使后拟发行的1500万股A类普通股收取额外所得款项净额约17.424亿港元。","news_type":1,"symbols_score_info":{"LI":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":4756,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807158148,"gmtCreate":1628009960584,"gmtModify":1703499630674,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807158148","repostId":"1121239470","repostType":4,"repost":{"id":"1121239470","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":1628004677,"share":"https://ttm.financial/m/news/1121239470?lang=en_US&edition=fundamental","pubTime":"2021-08-03 23:31","market":"us","language":"zh","title":"China Concept Online Games Stocks Accelerate Downward, Game Working Committee Meets to Promote Anti-addiction Work","url":"https://stock-news.laohu8.com/highlight/detail?id=1121239470","media":"老虎资讯综合","summary":"周二美股盘中，中概游戏股短线加速下行，截至发稿，网易跌超11%，哔哩哔哩跌近10%。同时，腾讯控股ADR跌超7%。\n\n消息面上，中国音数协游戏工委相关负责人回应21世纪经济报道记者，近日游戏工委已召集","content":"<p>On Tuesday, in the U.S. stock market, Chinese game stocks accelerated downward in the short term. As of press time,<a href=\"https://laohu8.com/S/NTES\">Netease</a>It fell by more than 11%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It fell nearly 10%. At the same time,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>ADR fell more than 7%.</p><p><img src=\"https://static.tigerbbs.com/172264ba3c104dc34e6aed1522f00582\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>On the news, the relevant person in charge of the Game Working Committee of China Music and Digital Association responded to the 21st century business herald reporter. Recently, the Game Working Committee has convened some key game enterprises and organized a closed-door seminar on anti-addiction of online games. At the meeting, it was once again clearly required that all game companies should cover the standard to all products according to the planned timetable and the required quality and quantity.</p><p>The person in charge of the Game Working Committee said that the work of age-appropriate reminders also needs to be further improved and strengthened. The Game Working Committee will speed up the launch of age-appropriate reminders in all game products, and take age-appropriate reminders as one of the evaluation criteria, urging enterprises to set the contents of games more carefully. At the same time, it will also help minors and their guardians choose games more suitable for their age groups. After the pilot work of age-appropriate reminder matures, it will also be included in the version number review system.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Concept Online Games Stocks Accelerate Downward, Game Working Committee Meets to Promote Anti-addiction Work</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\">\nChina Concept Online Games Stocks Accelerate Downward, Game Working Committee Meets to Promote Anti-addiction Work\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\">2021-08-03 23:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Tuesday, in the U.S. stock market, Chinese game stocks accelerated downward in the short term. As of press time,<a href=\"https://laohu8.com/S/NTES\">Netease</a>It fell by more than 11%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It fell nearly 10%. At the same time,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>ADR fell more than 7%.</p><p><img src=\"https://static.tigerbbs.com/172264ba3c104dc34e6aed1522f00582\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>On the news, the relevant person in charge of the Game Working Committee of China Music and Digital Association responded to the 21st century business herald reporter. Recently, the Game Working Committee has convened some key game enterprises and organized a closed-door seminar on anti-addiction of online games. At the meeting, it was once again clearly required that all game companies should cover the standard to all products according to the planned timetable and the required quality and quantity.</p><p>The person in charge of the Game Working Committee said that the work of age-appropriate reminders also needs to be further improved and strengthened. The Game Working Committee will speed up the launch of age-appropriate reminders in all game products, and take age-appropriate reminders as one of the evaluation criteria, urging enterprises to set the contents of games more carefully. At the same time, it will also help minors and their guardians choose games more suitable for their age groups. After the pilot work of age-appropriate reminder matures, it will also be included in the version number review system.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7eaa2c45cf70f617f2a492ecb0fcce5f","relate_stocks":{"NTES":"网易","BILI":"哔哩哔哩","TCEHY":"腾讯控股ADR"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121239470","content_text":"周二美股盘中，中概游戏股短线加速下行，截至发稿，网易跌超11%，哔哩哔哩跌近10%。同时，腾讯控股ADR跌超7%。\n\n消息面上，中国音数协游戏工委相关负责人回应21世纪经济报道记者，近日游戏工委已召集了部分重点游戏企业，组织了网络游戏防沉迷工作闭门研讨会。会上再次明确要求，各游戏企业要按照规划时间表，按照要求保质保量将该标准覆盖到所有产品上。\n游戏工委负责人表示，适龄提示工作也需要进一步完善和加强，游戏工委将会加快推动适龄提示在全游戏产品的上线，并将适龄提示作为评价标准之一，敦促企业更谨慎地设定游戏中的内容，同时，也将帮助未成年人和其监护人选择更适合其年龄段使用的游戏。在适龄提示试点工作成熟后，也会将其纳入版号审核系统中。","news_type":1,"symbols_score_info":{"BILI":0.9,"TCEHY":0.9,"NTES":0.9}},"isVote":1,"tweetType":1,"viewCount":5244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807998058,"gmtCreate":1627994375874,"gmtModify":1703499268144,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"ICC","listText":"ICC","text":"ICC","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807998058","repostId":"1152605616","repostType":4,"repost":{"id":"1152605616","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1627961391,"share":"https://ttm.financial/m/news/1152605616?lang=en_US&edition=fundamental","pubTime":"2021-08-03 11:29","market":"us","language":"zh","title":"Dario: Don't be scared away by the recent adjustment of Chinese stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1152605616","media":"Wind万得","summary":"近期中概股和A股市场出现明显波动，但桥水基创始人达里奥表示，投资者不应该对市场短期波动感到忧虑而卖出中国资产，最终错过中国经济发展的红利。\n桥水基金达里奥在其社交媒体账号上撰文称，近期中国政策出现了新","content":"<p>Recently, there have been obvious fluctuations in the Chinese stock and A-share markets, but Dario, founder of Qiaoshuiji, said that investors should not be worried about short-term market fluctuations and sell Chinese assets, eventually missing the dividends of China's economic development.</p><p>Bridgewater Dalio wrote on his social media account that there have been new trends in China's policy recently, including<a href=\"https://laohu8.com/S/DIDI\">Didi</a>The censorship of travel and the rectification of education and training institutions have caused worries among overseas investors, but in fact, such worries are unnecessary.</p><p>The original Dario text is as follows (with slight redactions):</p><p>I understand, for those who don't know much about China are confused about what is going on. Since I started contacting China 36 years ago, I found that many Western observers have no direct contact with Chinese policymakers, nor have they followed up on the changes in China's model in time. They tend not to believe that China really uses the market to develop its economy. Therefore, these international investors have misunderstood the recent Chinese government regulation of the industry and ignored the trend of developing a market economy over the past 40 years. As a result, these investors have already missed China's development in recent decades and will also miss out on investment opportunities in China now and in the future.</p><p>In this context, policymakers are understandably signaling to Didi that continuing to go public may not be the best, wanting to deal with data privacy issues. In the case of educational tutoring companies, Chinese authorities want to reduce educational inequality and ease the financial burden on those who desperately want these services for their children but can't afford them. Chinese policymakers believe these changes will change the country for the better.</p><p>I remember many similar misconceptions. For example, I remember that in 2015, overseas investors also had a lot of suspicions about A shares. I also recall that in 2015-2016, the People's Bank of China widened the RMB exchange rate range, which caused the RMB exchange rate to fall, which led many investors to view these developments as evidence that policymakers had abandoned developing capital markets.</p><p>Some critical investors always think these measures are inappropriate, and turn a blind eye to government intervention in the market of mainstream capital markets. In fact, the strength of China's market supervision is not worth mentioning compared with the strength of fiscal stimulus and monetary policy intervention in the market in the United States and other developed market countries. Through timely policy adjustments, Chinese policymakers managed the economy and markets successfully and achieved their goals. China's course of action has never changed, and has always supported the rapid and stable development of capital markets, entrepreneurship and investment openness to foreign investors. Therefore, I encourage everyone to pay attention to trends and not misinterpret and focus too much on volatility.</p><p>To understand what is going on, one needs to understand that China operates capitalism for the benefit of the majority, and that policymakers will not let the sensitivities of capital markets and capital hurt the fundamental interests of the people. Capital must know all this or suffer the consequences of the wrong.</p><p>International investors also need to understand that in China's rapidly evolving capital market environment, Chinese regulators are developing appropriate regulatory measures. Therefore, when regulatory measures change rapidly, it can lead to some misunderstandings.</p><p>Additionally, international investors need to be aware of changes in the global geopolitical environment, which may lead to some changes in regulatory aspects in China. For example, investors can see this in the US government's policy shifts, such as changing the policy of Chinese companies listing in the United States, and threatening to ban US pension funds from investing in China, and so on.</p><p>Assuming something similar happens in the future, investors should adjust their investments accordingly, but don't misinterpret these fluctuations as changes in trends, and don't expect China's capital markets to be exactly the same as Western ones.</p><p>Speaking of which, I do also think that Chinese policymakers could add some communication and give more explanation for the regulatory moves that are changing.</p><p>As for investing, both China and the United States have opportunities and risks and should be an important part of the portfolio. Finally, I urge investors not to miss out on investment opportunities in China by misinterpreting recent regulatory initiatives as a reversal of trends over the past few decades.</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>Dario: Don't be scared away by the recent adjustment of Chinese stocks</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\">\nDario: Don't be scared away by the recent adjustment of Chinese stocks\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-08-03 11:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Recently, there have been obvious fluctuations in the Chinese stock and A-share markets, but Dario, founder of Qiaoshuiji, said that investors should not be worried about short-term market fluctuations and sell Chinese assets, eventually missing the dividends of China's economic development.</p><p>Bridgewater Dalio wrote on his social media account that there have been new trends in China's policy recently, including<a href=\"https://laohu8.com/S/DIDI\">Didi</a>The censorship of travel and the rectification of education and training institutions have caused worries among overseas investors, but in fact, such worries are unnecessary.</p><p>The original Dario text is as follows (with slight redactions):</p><p>I understand, for those who don't know much about China are confused about what is going on. Since I started contacting China 36 years ago, I found that many Western observers have no direct contact with Chinese policymakers, nor have they followed up on the changes in China's model in time. They tend not to believe that China really uses the market to develop its economy. Therefore, these international investors have misunderstood the recent Chinese government regulation of the industry and ignored the trend of developing a market economy over the past 40 years. As a result, these investors have already missed China's development in recent decades and will also miss out on investment opportunities in China now and in the future.</p><p>In this context, policymakers are understandably signaling to Didi that continuing to go public may not be the best, wanting to deal with data privacy issues. In the case of educational tutoring companies, Chinese authorities want to reduce educational inequality and ease the financial burden on those who desperately want these services for their children but can't afford them. Chinese policymakers believe these changes will change the country for the better.</p><p>I remember many similar misconceptions. For example, I remember that in 2015, overseas investors also had a lot of suspicions about A shares. I also recall that in 2015-2016, the People's Bank of China widened the RMB exchange rate range, which caused the RMB exchange rate to fall, which led many investors to view these developments as evidence that policymakers had abandoned developing capital markets.</p><p>Some critical investors always think these measures are inappropriate, and turn a blind eye to government intervention in the market of mainstream capital markets. In fact, the strength of China's market supervision is not worth mentioning compared with the strength of fiscal stimulus and monetary policy intervention in the market in the United States and other developed market countries. Through timely policy adjustments, Chinese policymakers managed the economy and markets successfully and achieved their goals. China's course of action has never changed, and has always supported the rapid and stable development of capital markets, entrepreneurship and investment openness to foreign investors. Therefore, I encourage everyone to pay attention to trends and not misinterpret and focus too much on volatility.</p><p>To understand what is going on, one needs to understand that China operates capitalism for the benefit of the majority, and that policymakers will not let the sensitivities of capital markets and capital hurt the fundamental interests of the people. Capital must know all this or suffer the consequences of the wrong.</p><p>International investors also need to understand that in China's rapidly evolving capital market environment, Chinese regulators are developing appropriate regulatory measures. Therefore, when regulatory measures change rapidly, it can lead to some misunderstandings.</p><p>Additionally, international investors need to be aware of changes in the global geopolitical environment, which may lead to some changes in regulatory aspects in China. For example, investors can see this in the US government's policy shifts, such as changing the policy of Chinese companies listing in the United States, and threatening to ban US pension funds from investing in China, and so on.</p><p>Assuming something similar happens in the future, investors should adjust their investments accordingly, but don't misinterpret these fluctuations as changes in trends, and don't expect China's capital markets to be exactly the same as Western ones.</p><p>Speaking of which, I do also think that Chinese policymakers could add some communication and give more explanation for the regulatory moves that are changing.</p><p>As for investing, both China and the United States have opportunities and risks and should be an important part of the portfolio. Finally, I urge investors not to miss out on investment opportunities in China by misinterpreting recent regulatory initiatives as a reversal of trends over the past few decades.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/61ac6f61084482a9c0c70291c78e92f5","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","TTTN":"老虎中美互联网巨头ETF"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152605616","content_text":"近期中概股和A股市场出现明显波动，但桥水基创始人达里奥表示，投资者不应该对市场短期波动感到忧虑而卖出中国资产，最终错过中国经济发展的红利。\n桥水基金达里奥在其社交媒体账号上撰文称，近期中国政策出现了新的动向，包括对滴滴出行的审查，和对教育培训机构的整顿，引起海外投资者的担忧，但其实这种担忧是没有必要的。\n达里奥原文如下（略有删改）：\n我理解，对于那些对中国不太了解的人对正在发生的一切感到困惑。从36年前，我开始接触中国，我就发现，很多西方的观察家与中国的政策制定者没有直接联系，也对中国模式的变化没有及时跟进了解，他们倾向于不相信中国真正运用市场发展经济。因此，这些国际投资者将近期中国政府对行业的监管产生误解，忽视过去40年来发展市场经济的趋势。结果是，这些投资者已经错过了中国近几十年的发展，还将错过在中国现在和未来的投资机会。\n在这种情况下，政策制定者向滴滴发出信号，表示继续上市可能不是最好的，希望处理数据隐私问题，这是可以理解的。就教育辅导公司而言，中国当局希望减少教育不平等现象，减轻那些迫切希望自己的孩子获得这些服务但无法支付得起的人的经济负担。中国政策制定者认为，这些改变会让这个国家变得更好。\n我记得有许多类似的误解。例如，我记得2015年时，海外投资者也对A股产生诸多猜疑。我还记得，2015-2016年，中国人民银行扩大了人民币汇率区间，导致人民币汇率下跌，这导致许多投资者将这些事态发展视为政策制定者放弃发展资本市场的证据。\n一些挑剔的投资者总认为这些举措是不合适的，而对主流资本市场国家政府对市场的干预视而不见。事实上，中国对市场的监管力度，相比美国和其他发达市场国家的财政刺激和货币政策干预市场的力度，显得不值一提。通过适时的政策调整，中国决策者成功地管理经济和市场，并实现了他们的目标。中国的行动方向从未改变，一直支持资本市场的快速稳定发展、创业精神以及对外国投资者的投资开放。因此，我鼓励大家关注趋势，不要误解和过度关注波动。\n要了解发生了什么，就需要了解中国经营资本主义是为了大多数人的利益，决策者不会让资本市场和资本的敏感性伤害人民的根本利益。资本必须了解这一切，否则将承受错误的后果。\n国际投资者还需要了解，在中国快速发展的资本市场环境中，中国监管机构正在制定适当的监管措施。因此，当监管措施变化迅速确时，会导致一些误解。\n此外，国际投资者需要了解全球地缘政治环境的变化，可能会导致中国监管方面的一些变化。比如，投资者可以从美国政府的政策转变中看到这一点，比如改变中国公司在美国上市的政策，以及威胁禁止美国养老基金在中国投资等等。\n假设将来也发生了类似的事情，投资者应进行相应的投资调整，但不要将这些波动误解为趋势的变化，也不要期望中国的资本市场与西方资本市场一模一样。\n说到这里，我确实也认为，中国政策制定者可以增加一些沟通，对正在发生变化的监管举措给出更多解释。\n至于投资，无论是中国还是美国，都有机会也有风险，都应该是投资组合中重要的一部分。最后，我敦促投资者们不要将近期监管举措误解为过去几十年来存在趋势的逆转，从而错过中国的投资机会。","news_type":1,"symbols_score_info":{"TTTN":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":4218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804256565,"gmtCreate":1627959938057,"gmtModify":1703498640112,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804256565","repostId":"2156112983","repostType":4,"isVote":1,"tweetType":1,"viewCount":4442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802296493,"gmtCreate":1627781069412,"gmtModify":1703495703497,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"Hao","listText":"Hao","text":"Hao","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802296493","repostId":"2155572168","repostType":4,"isVote":1,"tweetType":1,"viewCount":4923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802658115,"gmtCreate":1627778672737,"gmtModify":1703495644989,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"W","listText":"W","text":"W","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802658115","repostId":"2155906848","repostType":4,"repost":{"id":"2155906848","kind":"news","pubTimestamp":1627548642,"share":"https://ttm.financial/m/news/2155906848?lang=en_US&edition=fundamental","pubTime":"2021-07-29 16:50","market":"us","language":"zh","title":"\"New Stock News\" Wumart Technology's Hong Kong IPO or postponement","url":"https://stock-news.laohu8.com/highlight/detail?id=2155906848","media":"AAFN","summary":"据《彭博通讯社》引述消息称，内地连锁百货经营商物美科技在香港上市的计划或面临押後，因公司正在解答港交所 在IPO审查阶段对其业务经营所提出的问题。早前市场消息称，物美科技计划筹集10亿美元，去年有传物美目标集资10亿至20亿美元。官网资料显示，物美集团成立於1994年，旗下有美廉美、新华百货、浙江供销、百安居、奥士凯物美、崇菜物美、圣熙八号、京北大世界等多个品牌，业务涉及零售贸易、电子商务、互联网/物联网科技、物流运输等。(da/k)~阿思达克财经新闻网址: www.aastocks.com","content":"<p><div>According to the news quoted by Bloomberg News Agency, the plan of Wumart Technology, a mainland department store chain operator, to list in Hong Kong may be delayed, because the company is answering questions raised by HKEx about its business operations during the IPO review stage. Earlier, market news said that Wumart Technology planned to raise $1 billion. Last year, it was rumored that Wumart aimed to raise $1 billion to $2 billion. According to official website data, Wumart Group was established in 1994, and it owns many brands such as Meilianmei, Xinhua Department Store, Zhejiang Supply and Marketing, B&Q, Oskai Wumart, Chongcai Wumart, Shengxi No.8, Jingbei Great World, etc. Its business involves retail trade, e-commerce,...</p><p><a href=\"http://www.aastocks.com/apps/data/iphone/news/newscontent.aspx?newsid=NOW.1116196&style=5&chgstyle=1&categoryid=stock&width=320&market_id=hk&fontary=3&platform=iPhone&language=sc&isfirstreq=1&sourceid=aafn&datatype=0\">Web link</a></div></p>","source":"aastocks","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>\"New Stock News\" Wumart Technology's Hong Kong IPO or postponement</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\">\n\"New Stock News\" Wumart Technology's Hong Kong IPO or postponement\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">AAFN</strong><span class=\"h-time small\">2021-07-29 16:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>According to the news quoted by Bloomberg News Agency, the plan of Wumart Technology, a mainland department store chain operator, to list in Hong Kong may be delayed, because the company is answering questions raised by HKEx about its business operations during the IPO review stage. Earlier, market news said that Wumart Technology planned to raise $1 billion. Last year, it was rumored that Wumart aimed to raise $1 billion to $2 billion. According to official website data, Wumart Group was established in 1994, and it owns many brands such as Meilianmei, Xinhua Department Store, Zhejiang Supply and Marketing, B&Q, Oskai Wumart, Chongcai Wumart, Shengxi No.8, Jingbei Great World, etc. Its business involves retail trade, e-commerce,...</p><p><a href=\"http://www.aastocks.com/apps/data/iphone/news/newscontent.aspx?newsid=NOW.1116196&style=5&chgstyle=1&categoryid=stock&width=320&market_id=hk&fontary=3&platform=iPhone&language=sc&isfirstreq=1&sourceid=aafn&datatype=0\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.aastocks.com/apps/data/iphone/news/newscontent.aspx?newsid=NOW.1116196&style=5&chgstyle=1&categoryid=stock&width=320&market_id=hk&fontary=3&platform=iPhone&language=sc&isfirstreq=1&sourceid=aafn&datatype=0\">AAFN</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d3996b843dd6a60eaa5e5d861b252f6a","relate_stocks":{"00388":"香港交易所"},"source_url":"http://www.aastocks.com/apps/data/iphone/news/newscontent.aspx?newsid=NOW.1116196&style=5&chgstyle=1&categoryid=stock&width=320&market_id=hk&fontary=3&platform=iPhone&language=sc&isfirstreq=1&sourceid=aafn&datatype=0","is_english":false,"share_image_url":"https://static.laohu8.com/51f6b9126f36f92bbf92982596066e5a","article_id":"2155906848","content_text":"据《彭博通讯社》引述消息称，内地连锁百货经营商物美科技在香港上市的计划或面临押後，因公司正在解答港交所 在IPO审查阶段对其业务经营所提出的问题。早前市场消息称，物美科技计划筹集10亿美元，去年有传物美目标集资10亿至20亿美元。官网资料显示，物美集团成立於1994年，旗下有美廉美、新华百货、浙江供销、百安居、奥士凯物美、崇菜物美、圣熙八号、京北大世界等多个品牌，业务涉及零售贸易、电子商务、互联网/物联网科技、物流运输等。(da/k)~阿思达克财经新闻网址: www.aastocks.com","news_type":1,"symbols_score_info":{"00388":0.9}},"isVote":1,"tweetType":1,"viewCount":3698,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802661763,"gmtCreate":1627777411052,"gmtModify":1703495614968,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802661763","repostId":"1110754441","repostType":4,"repost":{"id":"1110754441","kind":"news","weMediaInfo":{"introduction":"派财经是第一家聚焦数字经济融媒体平台，既关注人工智能、大数据、云计算、移动互联网、5G等数字科技，也关注产业数字化、数字金融、新消费、宅经济这些基于数字科技的新经济。","home_visible":1,"media_name":"派财经官微","id":"1014980900","head_image":"https://static.tigerbbs.com/bb9c7604ff64454d92461efd7b8b8949"},"pubTimestamp":1627690027,"share":"https://ttm.financial/m/news/1110754441?lang=en_US&edition=fundamental","pubTime":"2021-07-31 08:07","market":"hk","language":"zh","title":"Betting on Jidu Car, how far can Baidu's dream of building a car fly?","url":"https://stock-news.laohu8.com/highlight/detail?id=1110754441","media":"派财经官微","summary":"起了个大早赶了个晚集\n\n百度自动驾驶不再想成为汽车的“灵魂”了？\n在上汽集团董事长陈虹提出要把“灵魂”掌握在自己手中后不久，百度自动驾驶产品运营部总监徐宝强近期在接受媒体采访时表示：“百度现在的发展方","content":"<p>Got up early to catch a late market<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Autonomous driving no longer wants to be the \"soul\" of the car?</p><p>In<a href=\"https://laohu8.com/S/600104\">SAIC Group</a>Soon after Chen Hong, the chairman of the board, proposed to take the \"soul\" in his own hands,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Xu Baoqiang, director of autonomous driving product operation department, said in a recent interview with the media: \"Baidu's current development direction is not to export autonomous driving technology to car companies, but to promote unmanned travel in the sharing field.\"</p><p>In the above remarks, Baidu revealed two key messages: Baidu no longer focuses on exporting autonomous driving technology and focuses on unmanned driving in the shared field. Obviously, this is the same as the original Baidu launch<a href=\"https://laohu8.com/S/APOL\">Apollo</a>The goal at the time of planning has taken a 180-degree U-turn.</p><p>So, can Baidu, which no longer emphasizes the export of unmanned technology, tell the story of AI well?</p><p><b>Automotive Strategy Turn</b></p><p>In the driverless track, Baidu is the earliest batch to start.</p><p>As early as 2013, Baidu launched the unmanned vehicle project internally. After four years of polishing, it officially launched the Apollo system in April 2017, committed to building an \"Android system in the field of autonomous driving\". The goal is to provide an open, complete and safe software platform to partners in the automobile industry and autonomous driving field, and help them quickly build a complete autonomous driving system of their own by combining vehicles and hardware systems.</p><p>So far, Baidu's unmanned vehicle project has been launched for nearly eight years, with a total investment of tens of billions to participate in Baidu's \"<a href=\"https://laohu8.com/S/APOL\">Apollo</a>More than ten car manufacturers such as Dylem Benz, Toyota, Honda, Volkswagen, BMW and Byton, as well as other scientific research institutions, Internet companies and operators, are involved in the plan. Apollo plans to become an industry-wide huge alliance with a strong appeal.</p><p>Baidu's autonomous driving has unparalleled advantages of other manufacturers, such as AI technology reserve and Baidu Map. Technically, Baidu has all-round technologies such as cloud storage and high-precision maps, and AI is Baidu's inherent advantage. At the same time, Baidu Maps has a strong user base, and Baidu is also in a leading position in the industry from the perspective of autonomous driving collection capability and qualification.</p><p>However, with the rise of new car-making forces and the entry of technology companies such as Huawei, Xiaomi and 360, the presence of Apollo Project, which has a first-mover advantage, is getting weaker and weaker. In fact, up to now, no mass-produced products of car companies have been equipped with Baidu's autonomous driving system on a large scale.</p><p>What is the reason? It is generally believed in the industry that the L4 target positioning of the Apollo program is too high, and it is difficult to achieve commercialization, which is the main reason for its obstacles.</p><p>\"The number of software codes for cars is higher than<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Mobile phones are about 10 times higher, autonomous driving technology is much more complex than electric technology, and the difficulty of commercialization is far more difficult than that of electric vehicles. \" An automotive industry analyst said that the autonomous driving industry is a money-burning and time-consuming field. To achieve commercialization, more technical precipitation and more suitable business models are needed.</p><p>Many users who test Baidu unmanned vehicles said that Baidu unmanned vehicles have problems such as large steering radius, slow average speed, difficulty in overtaking during driving, and having to get on the bus at the designated place when taking a taxi. Although these problems are not fatal injuries, the driving experience is not friendly for passengers, and it may take more time to truly replace traditional cars.</p><p>From the current market<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>XPeng,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Judging from the sales volume of new car-making forces, the realization method of autonomous driving that is more recognized by the outside world is first of all assisted autonomous driving at L2 and L3 levels, and then it is possible to gradually transition to L4 level.</p><p>Of course, consumers' experience is only one aspect, and the resistance from laws and regulations is more direct. Due to the current laws and regulations restricting the road permit of fully autonomous vehicles, L4-level autonomous driving can only be driven under closed and limited specific scenarios, and users' interest in choosing an L4-level autonomous driving car has been weakened. At that time, Robin Li sat in an \"autonomous car\" to broadcast live on the Fourth Ring Road in Beijing, and as a result, he was interviewed by the traffic control department.</p><p>To this end, Baidu Autonomous Driving has to give priority to meeting the regulatory requirements of different local governments, which also turns Baidu Autonomous Driving into an autonomous driving team guided by local government requirements. Whether it is the selection of cooperative models, test locations, and product research and development, Baidu's Apollo is difficult to consider at the rhythm that is most conducive to technological development, but whether it can get local policy support as the first criterion.</p><p>Therefore, even if the prospect of L4 autonomous driving is very clear, due to the current driving experience and the reality of regulatory policies, Baidu's initial dream of empowering vehicle companies can only be slowly advanced as a vision. Until now, it has to make strategic changes from the top-level design level-not to export autonomous driving technology to car companies.</p><p><b>The choice of referee and player</b></p><p>Why wasn't Huawei's HI scheme adopted by SAIC? From the perspective of vehicle enterprises, they must hope to be able to control the personal consumption market by themselves, and do not want to be reduced to<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The automobile \"foundry\" of automobile solutions, from this perspective, the concerns of car companies are completely understandable.</p><p>But this creates a second problem for Baidu's Apollo program. As mentioned above, in the initial conception, Apollo borrowed<a href=\"https://laohu8.com/S/GOOG\">Google</a>The idea of Android system to the whole smart phone industry attempts to develop into the center of the whole smart car industry through open source, which directly leads to the reluctance of vehicle enterprises to adopt its solution.</p><p>Therefore, after some trade-offs, Baidu began to brew its own car at the end of 2020. Of course, this has the mentality of coveting the huge market potential of smart cars, but at the same time, it is also out of a last resort. Finally, in March this year, Baidu and Geely jointly launched Jidu Automobile, and planned to invest 50 billion yuan in building cars within five years.</p><p>However, this has put Baidu in another trouble-being both a referee and an athlete, which is similar to the current dilemma of Huawei's Hongmeng system. If car companies adopt Baidu's autonomous driving scheme, will their lifeblood be in the hands of competitors? Will Baidu be biased when providing autonomous driving technology output?</p><p>In addition, Baidu's autonomous driving scheme is also facing fierce competition from other players, the most prominent of which is Huawei. As a joint partner of Huawei and Baidu, Jihu Automobile has released Alpha Smart Car based on Huawei's HI solution. Relying on 30 years' ICT capability, Huawei has provided it with a brand-new digital architecture of smart car and five intelligent systems. In the whole solution, Huawei already has \"full-stack\" intelligent capabilities, including chips, operating systems, languages, maps, cloud computing, big data, vehicle-road collaboration, autonomous driving, software iterative upgrade and cloud data training.</p><p>More importantly, Huawei has announced since 2018 that it is the company's iron law not to build cars, and has repeatedly reiterated that this strategy will not change. This is completely different from Baidu's choice to build cars in person, which will also become a factor for car companies to consider when choosing between the two.</p><p>Based on the above considerations, Xu Baoqiang revealed in this media interview that Baidu will choose another path, that is, avoid the personal consumption market where car companies want to control the dominance and the competition is fierce, and cut into the car-sharing business level. In this regard, in June this year, Jihu Automobile and Baidu Apollo released Apollo Moon, an unmanned shared car, with a price of 480,000 yuan, and the cost is only one-third of that of other L4 autonomous vehicles. Baidu believes that this is expected to really bring Robotaxi into the operating cost range of online car-hailing.</p><p>Is it a choice or a last resort to downplay the autonomous driving system platform that has been betted on for 8 years, and instead choose intelligent shared cars with uncertain application prospects, small market space and more difficult landing? I believe only Baidu knows better.</p><p><b>Can Jidu Car carry the banner?</b></p><p>If Baidu turns and the focus of development is no longer to export autonomous driving technology to car companies, then Jidu Car is likely to be the ultimate carrier of Baidu's car-building dream. From the perspective of equity institutions, Baidu's shareholding share has reached 55%. Besides Xia Yiping, three other directors, Liang Zhixiang, He Junjie and Li Zhenyu, are from Baidu, and only one director, An Conghui, is from Geely. This shows that Baidu has higher control and expectation for Jidu Automobile.</p><p>In addition, from the hard conditions of both sides, they are indeed a natural couple. As an Internet technology giant, Baidu's technical strength is naturally needless to say, especially after deeply cultivating AI and autonomous driving for many years. For Geely, its total sales volume in 2020 was as high as 1.32 million units, and its car production capacity is very strong. In addition, Geely's self-developed SEA vast automobile architecture is based on the idea of software-defined cars. Whether it is hardware layer, system layer or ecological layer, it has achieved unprecedented compatibility in the industry, which can greatly shorten the R&D cycle of cars. Therefore, Jidu Auto dared to shout the slogan of achieving mass production within three years.</p><p>At the same time, Baidu promised to invest 50 billion yuan in research and development in the next five years, far exceeding<a href=\"https://laohu8.com/S/NIO\">Nio</a>From this perspective, solid autonomous driving technology and long-term huge investment may really bring better market performance to Jidu Automobile.</p><p>However, the Jidu car born with the golden key in its mouth is not completely free of hidden worries. The first is the establishment of the car manufacturing team. In April 2021, Xia Yiping predicted that by the end of 2022, the core team of Jidu Automobile will expand to 2,500-3,000 people.</p><p>From previous teams of 3-4, to nearly 3,000 at the end of 2022, team formation has been practically from scratch. So far, Jidu's team includes people from traditional car companies and those who have already integrated in new forces, as well as colleagues from the Internet and consumer electronics fields. On the one hand, this brings the integration advantage of Jidu Automobile in all aspects, but on the other hand, such advantages must be fully integrated to achieve. After all, entrepreneurial teams go through a run-in period more or less, long or short.</p><p>But an undeniable fact is that the internal relationship of Baidu system is complicated, even if once<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Lu Qi, who has a halo, also caused the loss of core personnel such as Wang Jin and Andrew Ng when adjusting the autonomous driving business, and failed to straighten out internal relations. It is still unknown to what extent Xia Yiping can mobilize internal resources and do a good job in gathering cars.</p><p>Secondly, although Xia Yiping agrees that intelligence is the core competitiveness of future smart cars, \"intelligence is not only in form, but also the underlying technology, reconstruction from bottom to top.\" And defines this bottom-to-top reconstruction as \"end-to-end ecology\". This is consistent with the general consensus of the current industry-smart cars must be deeply integrated with users' lives in the future, that is, they will form a set of \"non-perceptive\" IoT ecosystems with other users' devices. However, at present, neither Baidu nor Geely have the ability to provide them with ecosystem empowerment.</p><p>Ecological construction is not Baidu's strength. Baidu not only lags far behind Ali in terms of software coverage and depth on the mobile side,<a href=\"https://laohu8.com/S/00700\">Tencent</a>In terms of hardware, there is also a lack of devices such as mobile phones that can have a strong connection with users, and Baidu has so far failed to establish its own set of IoT Internet of Things ecosystem, which is the key factor that determines whether Jidu cars can be recognized by consumers in the future.</p><p>Finally, the cooperation between Baidu and Geely is another concern in the industry. Generally speaking, the car manufacturing cycle is very long, and the joint venture car manufacturing method chosen by both parties has few successful cases in the industry. If there is a difference in cooperation concept, it will have a huge impact on Jidu Automobile. At the same time, Dr. Mei Songlin, a senior automotive analyst, believes that \"there is a lot of investment in building a car brand. It is unknown whether both sides have enough patience and strength, and whether their main businesses will affect investment. If there are challenges in cooperation, whether the two sides still trust each other will also affect cooperation.</p><p>Therefore, it can be said that although the three-year-old mass-produced Jidu car was born with a golden key, which is related to Baidu's future, the situation it faces is not optimistic, especially when its own team has not been straightened out, the ecological construction is absent, and the joint venture car manufacturing model with Geely. Any mistake will make it difficult for Baidu, which entered the game late, to come from behind. Because of its full bet on Jidu cars, Baidu's self-driving Android dream has almost ended for nothing.</p><p>Baidu, whether accidentally, becomes<a href=\"https://laohu8.com/S/002594\">BYD</a>CEO Wang Chuanfu's mouth \"wasted three years\" car builder?</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>Betting on Jidu Car, how far can Baidu's dream of building a car fly?</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\">\nBetting on Jidu Car, how far can Baidu's dream of building a car fly?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1014980900\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/bb9c7604ff64454d92461efd7b8b8949);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">派财经官微 </p>\n<p class=\"h-time smaller\">2021-07-31 08:07</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Got up early to catch a late market<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Autonomous driving no longer wants to be the \"soul\" of the car?</p><p>In<a href=\"https://laohu8.com/S/600104\">SAIC Group</a>Soon after Chen Hong, the chairman of the board, proposed to take the \"soul\" in his own hands,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Xu Baoqiang, director of autonomous driving product operation department, said in a recent interview with the media: \"Baidu's current development direction is not to export autonomous driving technology to car companies, but to promote unmanned travel in the sharing field.\"</p><p>In the above remarks, Baidu revealed two key messages: Baidu no longer focuses on exporting autonomous driving technology and focuses on unmanned driving in the shared field. Obviously, this is the same as the original Baidu launch<a href=\"https://laohu8.com/S/APOL\">Apollo</a>The goal at the time of planning has taken a 180-degree U-turn.</p><p>So, can Baidu, which no longer emphasizes the export of unmanned technology, tell the story of AI well?</p><p><b>Automotive Strategy Turn</b></p><p>In the driverless track, Baidu is the earliest batch to start.</p><p>As early as 2013, Baidu launched the unmanned vehicle project internally. After four years of polishing, it officially launched the Apollo system in April 2017, committed to building an \"Android system in the field of autonomous driving\". The goal is to provide an open, complete and safe software platform to partners in the automobile industry and autonomous driving field, and help them quickly build a complete autonomous driving system of their own by combining vehicles and hardware systems.</p><p>So far, Baidu's unmanned vehicle project has been launched for nearly eight years, with a total investment of tens of billions to participate in Baidu's \"<a href=\"https://laohu8.com/S/APOL\">Apollo</a>More than ten car manufacturers such as Dylem Benz, Toyota, Honda, Volkswagen, BMW and Byton, as well as other scientific research institutions, Internet companies and operators, are involved in the plan. Apollo plans to become an industry-wide huge alliance with a strong appeal.</p><p>Baidu's autonomous driving has unparalleled advantages of other manufacturers, such as AI technology reserve and Baidu Map. Technically, Baidu has all-round technologies such as cloud storage and high-precision maps, and AI is Baidu's inherent advantage. At the same time, Baidu Maps has a strong user base, and Baidu is also in a leading position in the industry from the perspective of autonomous driving collection capability and qualification.</p><p>However, with the rise of new car-making forces and the entry of technology companies such as Huawei, Xiaomi and 360, the presence of Apollo Project, which has a first-mover advantage, is getting weaker and weaker. In fact, up to now, no mass-produced products of car companies have been equipped with Baidu's autonomous driving system on a large scale.</p><p>What is the reason? It is generally believed in the industry that the L4 target positioning of the Apollo program is too high, and it is difficult to achieve commercialization, which is the main reason for its obstacles.</p><p>\"The number of software codes for cars is higher than<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Mobile phones are about 10 times higher, autonomous driving technology is much more complex than electric technology, and the difficulty of commercialization is far more difficult than that of electric vehicles. \" An automotive industry analyst said that the autonomous driving industry is a money-burning and time-consuming field. To achieve commercialization, more technical precipitation and more suitable business models are needed.</p><p>Many users who test Baidu unmanned vehicles said that Baidu unmanned vehicles have problems such as large steering radius, slow average speed, difficulty in overtaking during driving, and having to get on the bus at the designated place when taking a taxi. Although these problems are not fatal injuries, the driving experience is not friendly for passengers, and it may take more time to truly replace traditional cars.</p><p>From the current market<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>XPeng,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Judging from the sales volume of new car-making forces, the realization method of autonomous driving that is more recognized by the outside world is first of all assisted autonomous driving at L2 and L3 levels, and then it is possible to gradually transition to L4 level.</p><p>Of course, consumers' experience is only one aspect, and the resistance from laws and regulations is more direct. Due to the current laws and regulations restricting the road permit of fully autonomous vehicles, L4-level autonomous driving can only be driven under closed and limited specific scenarios, and users' interest in choosing an L4-level autonomous driving car has been weakened. At that time, Robin Li sat in an \"autonomous car\" to broadcast live on the Fourth Ring Road in Beijing, and as a result, he was interviewed by the traffic control department.</p><p>To this end, Baidu Autonomous Driving has to give priority to meeting the regulatory requirements of different local governments, which also turns Baidu Autonomous Driving into an autonomous driving team guided by local government requirements. Whether it is the selection of cooperative models, test locations, and product research and development, Baidu's Apollo is difficult to consider at the rhythm that is most conducive to technological development, but whether it can get local policy support as the first criterion.</p><p>Therefore, even if the prospect of L4 autonomous driving is very clear, due to the current driving experience and the reality of regulatory policies, Baidu's initial dream of empowering vehicle companies can only be slowly advanced as a vision. Until now, it has to make strategic changes from the top-level design level-not to export autonomous driving technology to car companies.</p><p><b>The choice of referee and player</b></p><p>Why wasn't Huawei's HI scheme adopted by SAIC? From the perspective of vehicle enterprises, they must hope to be able to control the personal consumption market by themselves, and do not want to be reduced to<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The automobile \"foundry\" of automobile solutions, from this perspective, the concerns of car companies are completely understandable.</p><p>But this creates a second problem for Baidu's Apollo program. As mentioned above, in the initial conception, Apollo borrowed<a href=\"https://laohu8.com/S/GOOG\">Google</a>The idea of Android system to the whole smart phone industry attempts to develop into the center of the whole smart car industry through open source, which directly leads to the reluctance of vehicle enterprises to adopt its solution.</p><p>Therefore, after some trade-offs, Baidu began to brew its own car at the end of 2020. Of course, this has the mentality of coveting the huge market potential of smart cars, but at the same time, it is also out of a last resort. Finally, in March this year, Baidu and Geely jointly launched Jidu Automobile, and planned to invest 50 billion yuan in building cars within five years.</p><p>However, this has put Baidu in another trouble-being both a referee and an athlete, which is similar to the current dilemma of Huawei's Hongmeng system. If car companies adopt Baidu's autonomous driving scheme, will their lifeblood be in the hands of competitors? Will Baidu be biased when providing autonomous driving technology output?</p><p>In addition, Baidu's autonomous driving scheme is also facing fierce competition from other players, the most prominent of which is Huawei. As a joint partner of Huawei and Baidu, Jihu Automobile has released Alpha Smart Car based on Huawei's HI solution. Relying on 30 years' ICT capability, Huawei has provided it with a brand-new digital architecture of smart car and five intelligent systems. In the whole solution, Huawei already has \"full-stack\" intelligent capabilities, including chips, operating systems, languages, maps, cloud computing, big data, vehicle-road collaboration, autonomous driving, software iterative upgrade and cloud data training.</p><p>More importantly, Huawei has announced since 2018 that it is the company's iron law not to build cars, and has repeatedly reiterated that this strategy will not change. This is completely different from Baidu's choice to build cars in person, which will also become a factor for car companies to consider when choosing between the two.</p><p>Based on the above considerations, Xu Baoqiang revealed in this media interview that Baidu will choose another path, that is, avoid the personal consumption market where car companies want to control the dominance and the competition is fierce, and cut into the car-sharing business level. In this regard, in June this year, Jihu Automobile and Baidu Apollo released Apollo Moon, an unmanned shared car, with a price of 480,000 yuan, and the cost is only one-third of that of other L4 autonomous vehicles. Baidu believes that this is expected to really bring Robotaxi into the operating cost range of online car-hailing.</p><p>Is it a choice or a last resort to downplay the autonomous driving system platform that has been betted on for 8 years, and instead choose intelligent shared cars with uncertain application prospects, small market space and more difficult landing? I believe only Baidu knows better.</p><p><b>Can Jidu Car carry the banner?</b></p><p>If Baidu turns and the focus of development is no longer to export autonomous driving technology to car companies, then Jidu Car is likely to be the ultimate carrier of Baidu's car-building dream. From the perspective of equity institutions, Baidu's shareholding share has reached 55%. Besides Xia Yiping, three other directors, Liang Zhixiang, He Junjie and Li Zhenyu, are from Baidu, and only one director, An Conghui, is from Geely. This shows that Baidu has higher control and expectation for Jidu Automobile.</p><p>In addition, from the hard conditions of both sides, they are indeed a natural couple. As an Internet technology giant, Baidu's technical strength is naturally needless to say, especially after deeply cultivating AI and autonomous driving for many years. For Geely, its total sales volume in 2020 was as high as 1.32 million units, and its car production capacity is very strong. In addition, Geely's self-developed SEA vast automobile architecture is based on the idea of software-defined cars. Whether it is hardware layer, system layer or ecological layer, it has achieved unprecedented compatibility in the industry, which can greatly shorten the R&D cycle of cars. Therefore, Jidu Auto dared to shout the slogan of achieving mass production within three years.</p><p>At the same time, Baidu promised to invest 50 billion yuan in research and development in the next five years, far exceeding<a href=\"https://laohu8.com/S/NIO\">Nio</a>From this perspective, solid autonomous driving technology and long-term huge investment may really bring better market performance to Jidu Automobile.</p><p>However, the Jidu car born with the golden key in its mouth is not completely free of hidden worries. The first is the establishment of the car manufacturing team. In April 2021, Xia Yiping predicted that by the end of 2022, the core team of Jidu Automobile will expand to 2,500-3,000 people.</p><p>From previous teams of 3-4, to nearly 3,000 at the end of 2022, team formation has been practically from scratch. So far, Jidu's team includes people from traditional car companies and those who have already integrated in new forces, as well as colleagues from the Internet and consumer electronics fields. On the one hand, this brings the integration advantage of Jidu Automobile in all aspects, but on the other hand, such advantages must be fully integrated to achieve. After all, entrepreneurial teams go through a run-in period more or less, long or short.</p><p>But an undeniable fact is that the internal relationship of Baidu system is complicated, even if once<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Lu Qi, who has a halo, also caused the loss of core personnel such as Wang Jin and Andrew Ng when adjusting the autonomous driving business, and failed to straighten out internal relations. It is still unknown to what extent Xia Yiping can mobilize internal resources and do a good job in gathering cars.</p><p>Secondly, although Xia Yiping agrees that intelligence is the core competitiveness of future smart cars, \"intelligence is not only in form, but also the underlying technology, reconstruction from bottom to top.\" And defines this bottom-to-top reconstruction as \"end-to-end ecology\". This is consistent with the general consensus of the current industry-smart cars must be deeply integrated with users' lives in the future, that is, they will form a set of \"non-perceptive\" IoT ecosystems with other users' devices. However, at present, neither Baidu nor Geely have the ability to provide them with ecosystem empowerment.</p><p>Ecological construction is not Baidu's strength. Baidu not only lags far behind Ali in terms of software coverage and depth on the mobile side,<a href=\"https://laohu8.com/S/00700\">Tencent</a>In terms of hardware, there is also a lack of devices such as mobile phones that can have a strong connection with users, and Baidu has so far failed to establish its own set of IoT Internet of Things ecosystem, which is the key factor that determines whether Jidu cars can be recognized by consumers in the future.</p><p>Finally, the cooperation between Baidu and Geely is another concern in the industry. Generally speaking, the car manufacturing cycle is very long, and the joint venture car manufacturing method chosen by both parties has few successful cases in the industry. If there is a difference in cooperation concept, it will have a huge impact on Jidu Automobile. At the same time, Dr. Mei Songlin, a senior automotive analyst, believes that \"there is a lot of investment in building a car brand. It is unknown whether both sides have enough patience and strength, and whether their main businesses will affect investment. If there are challenges in cooperation, whether the two sides still trust each other will also affect cooperation.</p><p>Therefore, it can be said that although the three-year-old mass-produced Jidu car was born with a golden key, which is related to Baidu's future, the situation it faces is not optimistic, especially when its own team has not been straightened out, the ecological construction is absent, and the joint venture car manufacturing model with Geely. Any mistake will make it difficult for Baidu, which entered the game late, to come from behind. Because of its full bet on Jidu cars, Baidu's self-driving Android dream has almost ended for nothing.</p><p>Baidu, whether accidentally, becomes<a href=\"https://laohu8.com/S/002594\">BYD</a>CEO Wang Chuanfu's mouth \"wasted three years\" car builder?</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/68a814138696b6daf296c3939a776531","relate_stocks":{"09888":"百度集团-W","QNETCN":"纳斯达克中美互联网老虎指数","BIDU":"百度"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110754441","content_text":"起了个大早赶了个晚集\n\n百度自动驾驶不再想成为汽车的“灵魂”了？\n在上汽集团董事长陈虹提出要把“灵魂”掌握在自己手中后不久，百度自动驾驶产品运营部总监徐宝强近期在接受媒体采访时表示：“百度现在的发展方向还并不是把自动驾驶技术输出给车企，而是希望推动共享领域的无人出行事业。”\n在上述言论中，百度透露了两点关键信息：百度不再重点输出自动驾驶技术、专注共享领域无人驾驶。显然，这与最初百度推出阿波罗计划时的目标已经发生了180度的大转弯。\n那么，不再强调输出无人驾驶技术的百度，还能否讲好AI的故事？\n汽车战略转向\n在无人驾驶这个赛道，百度是起步最早的一批。\n早在2013年，百度便在内部启动了无人车项目，打磨四年之后于2017年4月正式推出Apollo系统，致力于打造“自动驾驶领域的安卓系统”，目标是向汽车行业及自动驾驶领域的合作伙伴提供一个开放、完整、安全的软件平台，帮助他们结合车辆和硬件系统，快速搭建一套属于自己的完整的自动驾驶系统。\n至今，百度的无人车项目已启动近八年，累计投资数百亿，参与百度“阿波罗计划”的有戴勒姆奔驰、丰田、本田、大众、宝马、拜腾等十余家车厂，还有其他科研机构、互联网公司、运营商等。阿波罗计划成为一个行业性的巨大联盟，号召力强大。\n百度做自动驾驶有着其他厂商无可比拟的优势，比如AI技术储备和百度地图。在技术上，百度拥有云存储、高精地图等全方位技术，而AI又是百度的固有优势。同时，百度地图拥有强大的用户基础，从自动驾驶的采集能力以及资质上来看，百度在业界也处于领先地位。\n然而，随着造车新势力的崛起，以及华为、小米、360等科技企业的入局，拥有先发优势的阿波罗计划的存在感越来越弱。事实上，截至目前，还没有车企量产产品大规模搭载百度的自动驾驶系统。\n原因何在？业内普遍认为，阿波罗计划的L4级目标定位过高，难以实现商业化是其前进遇阻的最主要原因。\n“汽车的软件代码数量比智能手机高出10倍左右，自动驾驶技术也比电动技术复杂得多，商业化落地难度更是远超电动汽车。”一位汽车行业分析师表示，自动驾驶行业是一个既烧钱又费时的领域，要想实现商业化落地，还需要更多的技术沉淀以及更为适合的商业模式。\n不少试乘百度无人车的用户表示，百度无人车存在着转向绕行半径大、平均车速慢、行驶过程中超车困难以及打车时必须到指定地点上车等方面的问题，虽然这些问题都并非致命硬伤，但对于乘客而言，驾乘感受并不友好，真正取代传统汽车可能还需要更多时间。\n从目前市场上特斯拉、小鹏、蔚来等造车新势力的销量来看，外界更为认同的自动驾驶实现方式首先还是L2、L3级别的辅助自动驾驶，其次才可能逐步过渡至L4级别。\n当然，消费者的使用感受只是一方面，来自法律法规层面的阻力则更为直接。由于目前法律法规对于完全自动驾驶汽车上路许可的限制，L4级自动驾驶更多的只能行驶于封闭、局限的特定场景之下，用户对于选择一款L4级别自动驾驶汽车的兴趣，也因此被减弱了。当年李彦宏坐上「自动驾驶汽车」在北京四环现场直播，结果就遭到了交管部门约谈。\n为此，百度自动驾驶不得不优先满足不同地方政府的法规要求，这也让百度自动驾驶变成了以地方政府要求为导向的自动驾驶团队。无论是合作车型选择、测试地点，以及产品研发，百度的阿波罗都很难按照最利于技术发展的节奏来考量，而是以是否能获得地方政策扶持作为第一标准。\n因此，即使L4级自动驾驶前景十分明朗，但囿于当下的驾乘感受及监管政策现实，百度最初所设想的赋能整车企业的梦想只能当作愿景缓慢推进，直至现在不得不从顶层设计层面做出战略改变——不向车企输出自动驾驶技术。\n裁判与选手的抉择\n华为HI方案为什么不被上汽所采纳？从整车企业的角度而言，必然希望能由自己来掌握个人消费市场的主导权，不想沦为智能汽车解决方案的汽车“代工厂”，从这一角度而言，车企的顾虑完全可以理解。\n但这又为百度的阿波罗计划造成了第二个困扰，如上文所言，在一开始的构想中，阿波罗借鉴了谷歌的Android系统之于整个智能手机产业的思路，企图通过开源的方式发展成为整个智能汽车产业的中枢，这就直接导致了整车企业不愿意采用其解决方案。\n因此，百度在经过一番权衡之后，于2020年底开始酝酿自己下场造车，这当然有觊觎智能汽车庞大市场潜力的心态，但同时也是出于不得已而为之的考量。最终，今年3月，百度与吉利联合推出了集度汽车，并计划5年内投入500亿元造车。\n不过，这又让百度陷入了另一个困扰——既当裁判又当运动员，这与当下华为鸿蒙系统的困境相似，如果车企采用了百度的自动驾驶方案，那么自己的命脉会不会掌握在竞争对手手里？百度在提供自动驾驶技术输出时，会不会有所偏向？\n除此之外，百度的自动驾驶方案还面临着其他选手的激烈竞争，最为突出的当属华为。极狐汽车作为华为与百度的共同合作伙伴，已经发布了基于华为HI方案的阿尔法智能汽车，依靠30年的ICT能力，华为为其提供了包括1个全新的智能汽车数字化架构和5大智能系统。在整个解决方案里，华为已经具备了“全栈”智能能力，包括芯片、操作系统、语言、地图、云计算、大数据、车路协同、自动驾驶、软件迭代升级和云端数据训练等。\n更重要的一点是，华为自2018年就已宣布不造车是公司铁律，并且多次重申这一战略不会改变，这与百度所选择的亲自下场造车完全不同，这也会成为车企在二者之间进行选择时考量的因素。\n基于上述种种考虑，徐宝强在此次媒体采访中透露，百度将选择另外一条路径，即避开车企希望掌控主导权、竞争激烈的个人消费市场，从共享汽车业务层面切入。在这方面，今年6月份极狐汽车与百度 Apollo 发布了无人共享车 Apollo Moon，价格为48万元，成本仅为其它 L4 级自动驾驶车辆的三分之一，百度认为这有望真正将 Robotaxi 带进网约车运营成本区间。\n淡化押注了8年的自动驾驶系统平台，转而选择应用前景不明朗、市场空间小、落地更困难的智能共享汽车，究竟是选择，还是不得已？相信只有百度自己更清楚了。\n集度汽车能否扛起大旗？\n如果百度转向，发展重点不再是向车企输出自动驾驶技术，那么，集度汽车很可能是百度造车梦的最终载体。从股权机构来看，百度持股份额达到了55%，除了夏一平，另有梁志翔、何俊杰、李震宇三位董事来自百度，只有安聪慧一位董事来自吉利，由此可见百度对于集度汽车有着更高的掌控力与期望。\n另外，从双方的硬性条件来说，确实是一对天成佳偶，作为互联网科技巨头，百度技术实力自然不必多说，尤其是深耕AI与自动驾驶多年。吉利方面，其2020年总销量高达132万辆，汽车生产能力非常强悍。此外，吉利自研的 SEA浩瀚汽车架构基于软件定义汽车的思路所打造，无论是硬件层、系统层还是生态层，均实现了行业内前所未有的兼容性，可以大幅缩短汽车的研发周期。因此，集度汽车才敢于喊出三年内实现量产的口号。\n同时，百度承诺未来五年内将投入500亿元进行研发，远超蔚来、小鹏、理想10亿元级别的研发投入，从这一角度而言，扎实的自动驾驶技术与长期的巨额投入，或许真的能够为集度汽车带来更优秀的市场表现。\n然而，含着金钥匙出生的集度汽车也并非完全没有隐忧。首先就是造车团队的搭建，2021年4月，夏一平预计到2022年年底，集度汽车核心团队规模将扩大到2500-3000人。\n从之前的3-4人团队，到2022年底的近3000人，团队组建几乎是从零开始。至今，集度的团队中有来自传统车企和已经在新势力融合过的人，也有来自互联网、消费电子领域的同事。这一方面带来了集度汽车在各方面的整合优势，但另一方面这样的优势也必须在充分地磨合基础上才能实现。毕竟，创业团队或多或少、或长或短都会经历一个磨合时期。\n但一个不可否认的事实是，百度体系内部关系复杂，即使曾经微软光环加身的陆奇，在调整自动驾驶业务时也造成了王劲、吴恩达等核心人员的流失，没能理顺内部关系。夏一平能在多大程度上调动内部资源，做好集度汽车尚未可知。\n其次，虽然夏一平认同智能化才是未来智能汽车的核心竞争力，“智能化不只是形态上，也是底层技术，从下至上的重构。”并把这种从下至上的重构定义为“端到端的生态”。这与目前行业的普遍共识相一致——智能汽车未来一定是与用户生活深度融合，也就是与用户其他设备构成一套「无感知」级的 IoT 生态系统，但是眼下无论是百度还是吉利，都没有为其提供生态系统赋能的能力。\n生态构建却并不是百度的强项，百度在移动端不仅软件覆盖广度和深度远远落后于阿里、腾讯，在硬件方面也缺少手机之类能够与用户产生强联系的设备，百度也至今未能建立起属于自己的一套 IoT 物联网生态系统，这都是决定着未来集度汽车是否能够获得消费者认可的关键因素。\n最后，百度与吉利的合作方式也是业界的另一担忧点。通常来说，造车周期很长，而双方选择的合资造车方式在业内很少有成功的案例，如果一旦出现合作理念分歧，将对集度汽车的影响巨大。同时，资深汽车分析师梅松林博士认为，“打造汽车品牌资金投入很大，双方是不是都有足够的耐心和实力、双方的主业是否会影响投资，都是未知数。而如果合作中遇到挑战，双方之间是否依然互相信任，同样会影响到合作。\n因此，可以说豪言3年量产的集度汽车虽是含着金钥匙出生，关乎百度的未来，但其所面临的局面却并不乐观，尤其是在自身团队尚未理顺、生态构建缺位，以及与吉利的合资造车模式，任意一项出现纰漏都将导致晚入局的百度难以后来居上。因为全力押注集度汽车，百度的自动驾驶安卓梦也几乎无疾而终。\n百度，是否一不小心，成为比亚迪CEO王传福口中“浪费三年”造车之人？","news_type":1,"symbols_score_info":{"QNETCN":0.9,"BIDU":0.9,"09888":0.9}},"isVote":1,"tweetType":1,"viewCount":4257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808427359,"gmtCreate":1627607226671,"gmtModify":1703493205870,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"hello","listText":"hello","text":"hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808427359","repostId":"2155184148","repostType":4,"isVote":1,"tweetType":1,"viewCount":4388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801658830,"gmtCreate":1627516118720,"gmtModify":1703491365163,"author":{"id":"3583485627907481","authorId":"3583485627907481","name":"Yafong","avatar":"https://static.tigerbbs.com/83edd0e662808c628cfa8d8af19f6993","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583485627907481","authorIdStr":"3583485627907481"},"themes":[],"title":"","htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801658830","repostId":"2155697398","repostType":4,"isVote":1,"tweetType":1,"viewCount":4940,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}