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2021-08-20

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Tencent Ali Meituan Kuaishou, the market value evaporated by 8 trillion! Really abandoned?

8月19日当天，腾讯在二级市场上回购了18万股，涉资7697万港元。这是8月份以来，段永平第二次透露自己买入了腾讯的股票。在反垄断风暴下，腾讯已经收到多项反垄断行政处罚书。中信证券表示，腾讯控股二季度业绩略超预期。自去年10月28日的历史高点309.4港元以来，阿里巴巴累计下跌47.6%，市值蒸发了3.21万亿港元，跌掉了5个小米。

Tencent Ali Meituan Kuaishou, the market value evaporated by 8 trillion! Really abandoned?

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":838573399,"tweetId":"838573399","gmtCreate":1629421698111,"gmtModify":1676530034252,"author":{"id":4087940084041310,"idStr":"4087940084041310","authorId":4087940084041310,"authorIdStr":"4087940084041310","name":"JRQE99","avatar":"https://static.tigerbbs.com/e211bc6d950fccebd88314997101cab4","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>Omg</body></html>","htmlText":"<html><head></head><body>Omg</body></html>","text":"Omg","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/838573399","repostId":2160799153,"repostType":4,"repost":{"id":"2160799153","kind":"highlight","weMediaInfo":{"introduction":"致力于提供最及时的财经资讯，最专业的解读分析，覆盖宏观经济、金融机构、A股市场、上市公司、投资理财等财经领域。","home_visible":1,"media_name":"券商中国","id":"9","head_image":"https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f"},"pubTimestamp":1629420623,"share":"https://ttm.financial/m/news/2160799153?lang=en_US&edition=fundamental","pubTime":"2021-08-20 08:50","market":"us","language":"zh","title":"Tencent Ali Meituan Kuaishou, the market value evaporated by 8 trillion! Really abandoned?","url":"https://stock-news.laohu8.com/highlight/detail?id=2160799153","media":"券商中国","summary":"8月19日当天，腾讯在二级市场上回购了18万股，涉资7697万港元。这是8月份以来，段永平第二次透露自己买入了腾讯的股票。在反垄断风暴下，腾讯已经收到多项反垄断行政处罚书。中信证券表示，腾讯控股二季度业绩略超预期。自去年10月28日的历史高点309.4港元以来，阿里巴巴累计下跌47.6%，市值蒸发了3.21万亿港元，跌掉了5个小米。","content":"Suppressed by the anti-monopoly storm and rumors that tax cuts may be cancelled, the stock prices of Internet giants are experiencing the baptism of \"cold winter\".On August 19, investors in Hong Kong stocks were \"severely beaten\" for more than 5 hours.On the same day, the Hong Kong stock market struggled for only ten minutes after the opening, then turned around and went all the way down until the close. Hong Kong's Hang Seng Index fell by 2% and the Hang Seng Technology Index fell by nearly 3%.The stock prices of Internet giants are even more \"injured\". Meituan and Kuaishou fell 7%.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell 5.54%,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>It fell 3.44%. Among them, the stock prices of Alibaba and Kuaishou both hit record lows, and Tencent Holdings also hit a 52-week low. In terms of U.S. stocks, Alibaba fell 6.85% on August 19.Since the high point, Meituan's stock price has fallen by 55.96%, and its market value has evaporated by 1.58 trillion Hong Kong dollars; Tencent has fallen by 45.5% cumulatively, and its market value has evaporated by HK $3.38 trillion; Alibaba fell 47.6%, evaporating HK $3.21 trillion; Kuaishou's stock price fell 84%, evaporating 1.47 trillion Hong Kong dollars. The total market value of the above four Internet giants evaporated by 9.64 trillion Hong Kong dollars, or about 8 trillion yuan.However, in the face of the nearly halved stock price, Tencent made a move! On August 19, Tencent repurchased 180,000 shares in the secondary market, involving HK $76.97 million. The day before (August 18), Duan Yongping, a well-known investor, issued a document saying that he bought some Tencent and Ali that day. This is the second time since August that Duan Yongping has revealed that he has bought Tencent shares.Meituan's stock price halved, and its market value evaporated by HK $1.58 trillionLet's take a look at Meituan first. The stock price fell 7.15% that day to close at HK $202.6 per share; Since the historical high of HK $460 per share set in February this year, Meituan's stock price has fallen by 55.96%.The cumulative market value has evaporated by 1.58 trillion Hong Kong dollars, which is equivalent to the loss of 2.6 millets (Xiaomi's latest market value is 602.1 billion Hong Kong dollars).<img src=\"https://static.tigerbbs.com/40637a8cb5287f84680e70549bd22998\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">However, even if the stock price is cut in half, Meituan still has a 400% increase compared to the low of HK $40.25 at the beginning of 2019. This means that early investors still made huge profits, but those who lost more were those who bought after February 18 this year.On April 26 this year, the State Administration for Market Regulation announced that recently, the State Administration for Market Regulation, based on reports, launched an investigation into Meituan's suspected monopolistic behaviors such as \"choose one from two\".On July 26th, seven departments, including the State Administration of Market Supervision and the National Network Information Office, jointly issued the Guiding Opinions on Implementing the Responsibility of Online Catering Platforms and Effectively Safeguarding the Rights and Interests of Takeaway Food Delivery Workers, which put forward all-round requirements for safeguarding the legitimate rights and interests of food delivery workers, including labor income, labor safety, food safety, social security, working environment, organizational construction, disposal mechanism, etc.Specifically, it includes: ensuring that the normal labor income of food delivery staff is not lower than the local minimum wage standard; The \"strictest algorithm\" shall not be used as the assessment requirement, and the assessment elements such as order quantity, punctuality rate, and online rate shall be reasonably determined through \"algorithm picking\" and other methods, and the delivery time limit shall be appropriately relaxed; The platform and third-party cooperative units participate in social insurance for food delivery staff who have established labor relations, support other food delivery staff to participate in social insurance, and participate in the pilot project of occupational injury protection for flexible employees on the platform in accordance with national regulations.Immediately, Meituan's stock price plummeted 13.76% on July 26, and plummeted 17.66% on July 27.CMB International pointed out that based on the potential adjustment of social security, it is expected that the operating profit margin of Meituan's food delivery business will drop to 6% in the second half of the year.<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>It is believed that compared with other Internet leaders, Meituan has relatively little potential regulatory pressure in terms of anti-monopoly and information security review because it relies heavily on operations and its business is closer to people's lives. The market is most concerned about the long-term profitability impact of its business. Based on the increase of social security costs, the corresponding sensitivity analysis is carried out, and it is judged that the impact on the company's fundamentals is limited. The short-term rapid decline in the stock price is caused by panic caused by uncertainty in the context of the implementation of the double reduction policy in education. It is recommended to look at it objectively and believe that the company's value orientation for a better life is in line with the interests of all parties and has the foundation for healthy development. Maintain Meituan's \"buy\" rating.Tencent fell 45.5% cumulatively, and its market value evaporated by HK $3.38 trillionLet's take a look at the leading boss Tencent. On August 19, Tencent's stock price closed down 3.44%, setting a new 52-week low. However, in the face of the sluggish stock price, Tencent took action. On the same day, Tencent repurchased 180,000 shares at a cost of HK $76.97 million. The day before, Duan Yongping, a well-known investor, issued a document saying that he bought some Tencent and Ali that day. This is also the second time Duan Yongping revealed that he bought Tencent shares in August.In fact, in early trading on August 19, Tencent's stock price opened 2.7% higher, mainly because the financial report disclosed by Tencent the night before was good, and the revenue and net profit data exceeded market expectations. In the financial report, Tencent also announced for the first time the proportion of primary school students' game turnover. Among them, players under the age of 16 accounted for 2.6% of Tencent's game turnover in China, and players under the age of 12 accounted for 0.3%.<img src=\"https://static.tigerbbs.com/eda6384db940551825922d9749eae7d3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">However, in early trading that day, other technology stocks took the lead in diving, and Tencent was also dragged down. After more than an hour of resistance, Tencent finally turned green. In the afternoon, the decline worsened, and finally closed down 3.44% at HK $421.2.Like Meituan, Tencent's stock price also began to adjust on February 18 this year. Tencent's current stock price has fallen by 45.5% compared to the historical high of HK $773.39 when it was founded on February 18, and its market value has evaporated by HK $3.38 trillion, which is equivalent to a drop of 5.6 millets.Under the anti-monopoly storm, Tencent has received a number of anti-monopoly administrative penalties. According to statistics from brokerage Chinese reporters, since July alone, Tencent has received 6 anti-monopoly fines and received bans from its subsidiaries<a href=\"https://laohu8.com/S/HUYA\">Tiger Tooth</a>With<a href=\"https://laohu8.com/S/DOYU\">Betta fish</a>The merger case was decided 1 copy.In addition, in early August, a news report about games endangering teenagers compared online games to new \"drugs\" and named \"the glory of the king\", which once caused Tencent's share price to plummet by 10% in intraday trading on August 3rd. At noon that day, Tencent quickly issued a document, gradually launching seven new measures of \"double reduction, doubles and three promotions\" for all games from the pilot of \"the glory of the king\", and prohibiting users under the age of 12 from recharging.The sharp drop in Tencent's stock price made Duan Yongping, a well-known investor, \"unable to stand it anymore\". On the morning of August 4, Duan Yongping wrote in his snowball account \"The road is invisible and I have style\", \"I bought some Tencent Holdings today, and I will buy more if it falls.\"<img src=\"https://static.tigerbbs.com/22411a318b2e4227b3fee2b8c803f411\" tg-width=\"900\" tg-height=\"172\" referrerpolicy=\"no-referrer\">Under the call of the boss, investors poured into bargain hunting. Tencent's stock price once rose 5% that day and closed up 2.42%. However, after several days of shocks, Tencent's stock price has recently returned to its downward trend. On August 18, Duan Yongping posted again, \"I bought some Tencent and Ali today.\"<img src=\"https://static.tigerbbs.com/c04d07efd4d6414486e14509c0e76830\" tg-width=\"609\" tg-height=\"225\" referrerpolicy=\"no-referrer\">On the earnings conference call on the evening of August 18th, Liu Chiping, president of Tencent, said that global Internet supervision is the general trend, and China's structured supervision in the Internet field is leading and strict in the world. Previously, the supervision of China's Internet industry was relatively loose, but it is gradually tightening. It is expected that more regulatory measures will be introduced in the future.Regarding the recent media reports that Internet companies may no longer enjoy the 10% preferential tax policy, Tencent CFO Luo Shuohan responded that with the passage of time, tax subsidies have generally decreased. In the past period of time, the company has fully considered the tax rate, and will strictly follow the national regulations in taxation in the future.<a href=\"https://laohu8.com/S/06030\">CITIC Securities</a>Said that Tencent Holdings' second-quarter performance slightly exceeded expectations. Tencent is the core investment target in China's Internet field. Although anti-monopoly supervision has affected Tencent's related subsidiaries, the company's core businesses are still stable at present. In China's Internet field, the company still has strong product and competitive advantages, and actively increases investment in renewable energy, cloud business and innovative content to maintain the driving force of long-term sustainable development. Considering that the company has increased its investment in renewable energy, cloud business, and innovative content, the income tax concessions for game enterprises may change, and the rectification of App open-screen advertising and the \"Data Security Law\" may have a certain impact on the advertising business. Short-term profit growth is expected to be under pressure, but there is still room for continued growth in the medium and long term, and the \"buy\" rating is maintained.Alibaba fell 47.6%, and its market value evaporated by HK $3.21 trillionOn August 19, Alibaba's Hong Kong stock price also fell 5.51% to close at HK $162.1, a record low, with the latest market value of HK $3.52 trillion.<img src=\"https://static.tigerbbs.com/240444cc64551d7a9718f5ad0994e19d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">Compared with Meituan and Tencent, this round of adjustment of Alibaba's stock price was earlier, and it started this round of decline since the end of October last year. Since the all-time high of HK $309.4 on October 28 last year, Alibaba has fallen by 47.6%, and its market value has evaporated by HK $3.21 trillion, falling 5 Xiaomi.The antitrust investigation that Ali encountered came earlier. In December 2020, the State Administration for Market Regulation launched an investigation into Alibaba Group's abuse of market dominance in China's online retail platform service market in accordance with the Anti-Monopoly Law. On April 10, 2021, the State Administration for Market Regulation announced that it imposed administrative penalties on Alibaba Group in accordance with the law, ordered it to stop illegal activities, and imposed a fine of 4% of its domestic sales of 455.712 billion yuan in China in 2019, totaling 18.228 billion yuan (US $2.782 billion).) fine. Days after Alibaba's antitrust fine was issued, regulators interviewed<a href=\"https://laohu8.com/S/06688\">Ant Group</a>。At the beginning of August, Alibaba issued an \"early warning\" in a conference call after the financial report was announced that some businesses would no longer enjoy the 10% tax preferential policy. Alibaba's latest financial report data also shows that its effective tax rate for the three months ended June 30, 2021 has increased from 19% in the same period last year to 20% today.Industry insiders told brokerage China reporters that changes in preferential tax rate policies should be mainly aimed at Internet giants such as Ali and Tencent, but have little impact on more new economic enterprises in the early stage of entrepreneurship.<a href=\"https://laohu8.com/S/600918\">Zhongtai Securities</a>He said that under the background of stricter supervision, Ali's short-term operations are under pressure. In the long run, e-commerce leaders will continue to benefit from the increase in online penetration and the acceleration of digitalization. Ali has accumulated strong competitive advantages in brand services, cloud computing and other fields. With strong competitive advantages, large investment in R&D, and excellent innovation capabilities, it is expected to drive growth through continuous innovation in the future.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>、<a href=\"https://laohu8.com/S/601211\">Guotai Junan</a>(Hong Kong) also recently stated that at present, Alibaba's valuation has reached an attractive level.Kuaishou's stock price fell 84%, and its market value evaporated by HK $1.47 trillionCompared with several other Internet giants, Kuaishou's stock price fell even worse.<img src=\"https://static.tigerbbs.com/2c48d96c580c0b42fb488aafad9f9210\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On August 19, Kuaishou Hong Kong stocks fell 7.07% again to HK $65.75, setting a record low for the seventh consecutive trading day, with the latest market value of only HK $273.5 billion. Since the high of HK $417.8, Kuaishou's stock price has fallen by 84%, and its market value has evaporated by nearly HK $1.47 trillion. At present, the market value of Meituan's Hong Kong stock market is only 1.24 trillion Hong Kong dollars. In other words, Kuaishou has directly evaporated the size of a Meituan.Kuaishou landed on the Hong Kong Stock Exchange on February 5 this year, becoming \"the first short video stock in China\". In the first six trading days after listing, Kuaishou's stock price rose all the way, and its market value once reached 1.74 trillion Hong Kong dollars. But unexpectedly, the good days of Kuaishou's listing will only stay in these 6 days. Subsequently, the stock has fallen all the way to this day, lasting for half a year.<a href=\"https://laohu8.com/S/00665\">Haitong International</a>It is pointed out that in the short term, it is believed that the lifting of the ban on restricted shares in August and regulatory uncertainty will put pressure on Kuaishou's stock price. The adjusted target price is HK $125 (originally HK $276), and the earnings per share forecast for fiscal year 2023 is lowered from RMB 9.81 to RMB 3.45, mainly due to the net profit margin adjustment.","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>Tencent Ali Meituan Kuaishou, the market value evaporated by 8 trillion! 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Really abandoned?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n券商中国 \n2021-08-20 08:50\n</div>\n</a>\n</h4>\n</header>\n<article>\nSuppressed by the anti-monopoly storm and rumors that tax cuts may be cancelled, the stock prices of Internet giants are experiencing the baptism of \"cold winter\".On August 19, investors in Hong Kong stocks were \"severely beaten\" for more than 5 hours.On the same day, the Hong Kong stock market struggled for only ten minutes after the opening, then turned around and went all the way down until the close. Hong Kong's Hang Seng Index fell by 2% and the Hang Seng Technology Index fell by nearly 3%.The stock prices of Internet giants are even more \"injured\". Meituan and Kuaishou fell 7%.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell 5.54%,<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>It fell 3.44%. Among them, the stock prices of Alibaba and Kuaishou both hit record lows, and Tencent Holdings also hit a 52-week low. In terms of U.S. stocks, Alibaba fell 6.85% on August 19.Since the high point, Meituan's stock price has fallen by 55.96%, and its market value has evaporated by 1.58 trillion Hong Kong dollars; Tencent has fallen by 45.5% cumulatively, and its market value has evaporated by HK $3.38 trillion; Alibaba fell 47.6%, evaporating HK $3.21 trillion; Kuaishou's stock price fell 84%, evaporating 1.47 trillion Hong Kong dollars. The total market value of the above four Internet giants evaporated by 9.64 trillion Hong Kong dollars, or about 8 trillion yuan.However, in the face of the nearly halved stock price, Tencent made a move! On August 19, Tencent repurchased 180,000 shares in the secondary market, involving HK $76.97 million. The day before (August 18), Duan Yongping, a well-known investor, issued a document saying that he bought some Tencent and Ali that day. This is the second time since August that Duan Yongping has revealed that he has bought Tencent shares.Meituan's stock price halved, and its market value evaporated by HK $1.58 trillionLet's take a look at Meituan first. The stock price fell 7.15% that day to close at HK $202.6 per share; Since the historical high of HK $460 per share set in February this year, Meituan's stock price has fallen by 55.96%.The cumulative market value has evaporated by 1.58 trillion Hong Kong dollars, which is equivalent to the loss of 2.6 millets (Xiaomi's latest market value is 602.1 billion Hong Kong dollars).<img src=\"https://static.tigerbbs.com/40637a8cb5287f84680e70549bd22998\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">However, even if the stock price is cut in half, Meituan still has a 400% increase compared to the low of HK $40.25 at the beginning of 2019. This means that early investors still made huge profits, but those who lost more were those who bought after February 18 this year.On April 26 this year, the State Administration for Market Regulation announced that recently, the State Administration for Market Regulation, based on reports, launched an investigation into Meituan's suspected monopolistic behaviors such as \"choose one from two\".On July 26th, seven departments, including the State Administration of Market Supervision and the National Network Information Office, jointly issued the Guiding Opinions on Implementing the Responsibility of Online Catering Platforms and Effectively Safeguarding the Rights and Interests of Takeaway Food Delivery Workers, which put forward all-round requirements for safeguarding the legitimate rights and interests of food delivery workers, including labor income, labor safety, food safety, social security, working environment, organizational construction, disposal mechanism, etc.Specifically, it includes: ensuring that the normal labor income of food delivery staff is not lower than the local minimum wage standard; The \"strictest algorithm\" shall not be used as the assessment requirement, and the assessment elements such as order quantity, punctuality rate, and online rate shall be reasonably determined through \"algorithm picking\" and other methods, and the delivery time limit shall be appropriately relaxed; The platform and third-party cooperative units participate in social insurance for food delivery staff who have established labor relations, support other food delivery staff to participate in social insurance, and participate in the pilot project of occupational injury protection for flexible employees on the platform in accordance with national regulations.Immediately, Meituan's stock price plummeted 13.76% on July 26, and plummeted 17.66% on July 27.CMB International pointed out that based on the potential adjustment of social security, it is expected that the operating profit margin of Meituan's food delivery business will drop to 6% in the second half of the year.<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>It is believed that compared with other Internet leaders, Meituan has relatively little potential regulatory pressure in terms of anti-monopoly and information security review because it relies heavily on operations and its business is closer to people's lives. The market is most concerned about the long-term profitability impact of its business. Based on the increase of social security costs, the corresponding sensitivity analysis is carried out, and it is judged that the impact on the company's fundamentals is limited. The short-term rapid decline in the stock price is caused by panic caused by uncertainty in the context of the implementation of the double reduction policy in education. It is recommended to look at it objectively and believe that the company's value orientation for a better life is in line with the interests of all parties and has the foundation for healthy development. Maintain Meituan's \"buy\" rating.Tencent fell 45.5% cumulatively, and its market value evaporated by HK $3.38 trillionLet's take a look at the leading boss Tencent. On August 19, Tencent's stock price closed down 3.44%, setting a new 52-week low. However, in the face of the sluggish stock price, Tencent took action. On the same day, Tencent repurchased 180,000 shares at a cost of HK $76.97 million. The day before, Duan Yongping, a well-known investor, issued a document saying that he bought some Tencent and Ali that day. This is also the second time Duan Yongping revealed that he bought Tencent shares in August.In fact, in early trading on August 19, Tencent's stock price opened 2.7% higher, mainly because the financial report disclosed by Tencent the night before was good, and the revenue and net profit data exceeded market expectations. In the financial report, Tencent also announced for the first time the proportion of primary school students' game turnover. Among them, players under the age of 16 accounted for 2.6% of Tencent's game turnover in China, and players under the age of 12 accounted for 0.3%.<img src=\"https://static.tigerbbs.com/eda6384db940551825922d9749eae7d3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">However, in early trading that day, other technology stocks took the lead in diving, and Tencent was also dragged down. After more than an hour of resistance, Tencent finally turned green. In the afternoon, the decline worsened, and finally closed down 3.44% at HK $421.2.Like Meituan, Tencent's stock price also began to adjust on February 18 this year. Tencent's current stock price has fallen by 45.5% compared to the historical high of HK $773.39 when it was founded on February 18, and its market value has evaporated by HK $3.38 trillion, which is equivalent to a drop of 5.6 millets.Under the anti-monopoly storm, Tencent has received a number of anti-monopoly administrative penalties. According to statistics from brokerage Chinese reporters, since July alone, Tencent has received 6 anti-monopoly fines and received bans from its subsidiaries<a href=\"https://laohu8.com/S/HUYA\">Tiger Tooth</a>With<a href=\"https://laohu8.com/S/DOYU\">Betta fish</a>The merger case was decided 1 copy.In addition, in early August, a news report about games endangering teenagers compared online games to new \"drugs\" and named \"the glory of the king\", which once caused Tencent's share price to plummet by 10% in intraday trading on August 3rd. At noon that day, Tencent quickly issued a document, gradually launching seven new measures of \"double reduction, doubles and three promotions\" for all games from the pilot of \"the glory of the king\", and prohibiting users under the age of 12 from recharging.The sharp drop in Tencent's stock price made Duan Yongping, a well-known investor, \"unable to stand it anymore\". On the morning of August 4, Duan Yongping wrote in his snowball account \"The road is invisible and I have style\", \"I bought some Tencent Holdings today, and I will buy more if it falls.\"<img src=\"https://static.tigerbbs.com/22411a318b2e4227b3fee2b8c803f411\" tg-width=\"900\" tg-height=\"172\" referrerpolicy=\"no-referrer\">Under the call of the boss, investors poured into bargain hunting. Tencent's stock price once rose 5% that day and closed up 2.42%. However, after several days of shocks, Tencent's stock price has recently returned to its downward trend. On August 18, Duan Yongping posted again, \"I bought some Tencent and Ali today.\"<img src=\"https://static.tigerbbs.com/c04d07efd4d6414486e14509c0e76830\" tg-width=\"609\" tg-height=\"225\" referrerpolicy=\"no-referrer\">On the earnings conference call on the evening of August 18th, Liu Chiping, president of Tencent, said that global Internet supervision is the general trend, and China's structured supervision in the Internet field is leading and strict in the world. Previously, the supervision of China's Internet industry was relatively loose, but it is gradually tightening. It is expected that more regulatory measures will be introduced in the future.Regarding the recent media reports that Internet companies may no longer enjoy the 10% preferential tax policy, Tencent CFO Luo Shuohan responded that with the passage of time, tax subsidies have generally decreased. In the past period of time, the company has fully considered the tax rate, and will strictly follow the national regulations in taxation in the future.<a href=\"https://laohu8.com/S/06030\">CITIC Securities</a>Said that Tencent Holdings' second-quarter performance slightly exceeded expectations. Tencent is the core investment target in China's Internet field. Although anti-monopoly supervision has affected Tencent's related subsidiaries, the company's core businesses are still stable at present. In China's Internet field, the company still has strong product and competitive advantages, and actively increases investment in renewable energy, cloud business and innovative content to maintain the driving force of long-term sustainable development. Considering that the company has increased its investment in renewable energy, cloud business, and innovative content, the income tax concessions for game enterprises may change, and the rectification of App open-screen advertising and the \"Data Security Law\" may have a certain impact on the advertising business. Short-term profit growth is expected to be under pressure, but there is still room for continued growth in the medium and long term, and the \"buy\" rating is maintained.Alibaba fell 47.6%, and its market value evaporated by HK $3.21 trillionOn August 19, Alibaba's Hong Kong stock price also fell 5.51% to close at HK $162.1, a record low, with the latest market value of HK $3.52 trillion.<img src=\"https://static.tigerbbs.com/240444cc64551d7a9718f5ad0994e19d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">Compared with Meituan and Tencent, this round of adjustment of Alibaba's stock price was earlier, and it started this round of decline since the end of October last year. Since the all-time high of HK $309.4 on October 28 last year, Alibaba has fallen by 47.6%, and its market value has evaporated by HK $3.21 trillion, falling 5 Xiaomi.The antitrust investigation that Ali encountered came earlier. In December 2020, the State Administration for Market Regulation launched an investigation into Alibaba Group's abuse of market dominance in China's online retail platform service market in accordance with the Anti-Monopoly Law. On April 10, 2021, the State Administration for Market Regulation announced that it imposed administrative penalties on Alibaba Group in accordance with the law, ordered it to stop illegal activities, and imposed a fine of 4% of its domestic sales of 455.712 billion yuan in China in 2019, totaling 18.228 billion yuan (US $2.782 billion).) fine. Days after Alibaba's antitrust fine was issued, regulators interviewed<a href=\"https://laohu8.com/S/06688\">Ant Group</a>。At the beginning of August, Alibaba issued an \"early warning\" in a conference call after the financial report was announced that some businesses would no longer enjoy the 10% tax preferential policy. Alibaba's latest financial report data also shows that its effective tax rate for the three months ended June 30, 2021 has increased from 19% in the same period last year to 20% today.Industry insiders told brokerage China reporters that changes in preferential tax rate policies should be mainly aimed at Internet giants such as Ali and Tencent, but have little impact on more new economic enterprises in the early stage of entrepreneurship.<a href=\"https://laohu8.com/S/600918\">Zhongtai Securities</a>He said that under the background of stricter supervision, Ali's short-term operations are under pressure. In the long run, e-commerce leaders will continue to benefit from the increase in online penetration and the acceleration of digitalization. Ali has accumulated strong competitive advantages in brand services, cloud computing and other fields. With strong competitive advantages, large investment in R&D, and excellent innovation capabilities, it is expected to drive growth through continuous innovation in the future.<a href=\"https://laohu8.com/S/601162\">Tianfeng Securities</a>、<a href=\"https://laohu8.com/S/601211\">Guotai Junan</a>(Hong Kong) also recently stated that at present, Alibaba's valuation has reached an attractive level.Kuaishou's stock price fell 84%, and its market value evaporated by HK $1.47 trillionCompared with several other Internet giants, Kuaishou's stock price fell even worse.<img src=\"https://static.tigerbbs.com/2c48d96c580c0b42fb488aafad9f9210\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\">On August 19, Kuaishou Hong Kong stocks fell 7.07% again to HK $65.75, setting a record low for the seventh consecutive trading day, with the latest market value of only HK $273.5 billion. Since the high of HK $417.8, Kuaishou's stock price has fallen by 84%, and its market value has evaporated by nearly HK $1.47 trillion. At present, the market value of Meituan's Hong Kong stock market is only 1.24 trillion Hong Kong dollars. In other words, Kuaishou has directly evaporated the size of a Meituan.Kuaishou landed on the Hong Kong Stock Exchange on February 5 this year, becoming \"the first short video stock in China\". In the first six trading days after listing, Kuaishou's stock price rose all the way, and its market value once reached 1.74 trillion Hong Kong dollars. But unexpectedly, the good days of Kuaishou's listing will only stay in these 6 days. Subsequently, the stock has fallen all the way to this day, lasting for half a year.<a href=\"https://laohu8.com/S/00665\">Haitong International</a>It is pointed out that in the short term, it is believed that the lifting of the ban on restricted shares in August and regulatory uncertainty will put pressure on Kuaishou's stock price. The adjusted target price is HK $125 (originally HK $276), and the earnings per share forecast for fiscal year 2023 is lowered from RMB 9.81 to RMB 3.45, mainly due to the net profit margin adjustment.\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a0e16df4356317d39c6afb5761b6942b","relate_stocks":{"TCEHY":"腾讯控股ADR","01024":"快手-W","00700":"腾讯控股","QNETCN":"纳斯达克中美互联网老虎指数","03690":"美团-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160799153","content_text":"在反垄断风暴，以及减税优惠或被取消的传闻打压下，互联网巨头们的股价，正在经历“寒冬”的洗礼。\n8月19日，港股的投资者，又被“毒打”了5个多小时。\n当天，香港股市开盘后仅挣扎了十几分钟，就掉头一路向下，直至收盘，香港恒生指数跌去了2%，恒生科技指数大跌近3%。\n互联网巨头们的股价更是“伤势”惨重，美团、快手大跌7%，阿里巴巴跌了5.54%，腾讯控股跌了3.44%。其中，阿里巴巴和快手的股价，都创出了历史新低，腾讯控股也刷新了52周新低。美股方面，8月19日，阿里巴巴跌6.85%。\n自高点以来，美团股价已累计下跌55.96%，市值蒸发1.58万亿港元；腾讯累计下跌45.5%，市值蒸发3.38万亿港元；阿里巴巴跌了47.6%，蒸发3.21万亿港元；快手股价跌了84%，蒸发1.47万亿港元。上述4家互联网巨头，市值合计蒸发9.64万亿港元，约合人民币8万亿元。\n不过，面对接近腰斩的股价，腾讯出手了！8月19日当天，腾讯在二级市场上回购了18万股，涉资7697万港元。此前一天（8月18日），知名投资人段永平发文称，当天买了点腾讯和阿里。这是8月份以来，段永平第二次透露自己买入了腾讯的股票。\n美团股价腰斩，市值蒸发1.58万亿港元\n先来看看美团，当天股价跌了7.15%，报收于202.6港元/股；自今年2月创下的历史高点460港元/股以来，美团股价已累计下跌了55.96%，\n市值累计蒸发1.58万亿港元，相当于跌掉了2.6个小米（小米最新市值6021亿港元）。\n\n不过，即使股价被腰斩，但相对于2019年年初40.25港元的低点，美团仍然有400%的涨幅。这意味着早期的投资者，依然获利丰厚，损失较多的，是今年2月18日以后买入的股民。\n今年4月26日，国家市场监管总局发布消息称，近日，市场监管总局根据举报，依法对美团实施“二选一”等涉嫌垄断行为立案调查。\n7月26日，国家市场监管总局、国家网信办等7个部门联合印发《关于落实网络餐饮平台责任 切实维护外卖送餐员权益的指导意见》，对保障外卖送餐员正当权益提出全方位要求，包括劳动收入、劳动安全、食品安全、社会保障、从业环境、组织建设、处置机制等方面。\n具体包括：确保外卖送餐员正常劳动所得不低于当地最低工资标准；不得将“最严算法”作为考核要求，通过“算法取中”等方式，合理确定订单数量、准时率、在线率等考核要素，适当放宽配送时限；平台及第三方合作单位为建立劳动关系的外卖送餐员参加社会保险，支持其他外卖送餐员参加社会保险，按照国家规定参加平台灵活就业人员职业伤害保障试点等。\n随即，美团股价在7月26日当天大跌13.76%，7月27日又暴跌17.66%。\n招银国际指出，基于社保潜在调整，预计下半年美团外卖业务经营利润率将降至6%。\n中信证券认为，相比其他互联网龙头，美团因其倚重运营、业务更加接近百姓生活，在反垄断、信息安全审查等方面受到的潜在监管压力相对较小，市场最关注的是骑手权益保障背景下对其业务长期盈利性影响。基于社保成本增加情况进行相应的敏感性分析，判断对公司基本面影响有限。股价短期急速下跌存在教育双减政策落地背景下不确定情绪带来的恐慌，建议客观看待，认为公司对美好生活的价值导向符合各方利益、具备健康发展基础。维持美团“买入”评级。\n腾讯累计下跌45.5%，市值蒸发3.38万亿港元\n再来看看龙头老大腾讯。8月19日，腾讯股价收跌3.44%，刷新了52周新低。不过，面对股价低迷，腾讯出手了，当天，腾讯回购了18万股，耗资7697万港元。此前一天，知名投资人段永平发文称，当天买了点腾讯和阿里，这也是段永平8月份第二次透露自己买入腾讯的股票。\n其实，8月19日早盘，腾讯的股价高开了2.7%，主要是因为前一晚腾讯披露的财报业绩不错，营收及净利润数据均超市场预期。在财报中，腾讯还首次公布了小学生游戏流水占比，其中，16岁以下玩家对腾讯在中国游戏流水的占比为2.6%，12岁以下玩家的流水占比为0.3%。\n\n可是，当天早盘，其他科技股率先跳水，腾讯也被拖累，抵抗1个多小时后，腾讯最终还是翻绿了，下午跌势加重，最终收跌3.44%报421.2港元。\n跟美团一样，腾讯的股价也是从今年2月18日当天开始调整的。腾讯当前的股价，相对于2月18日创业下的773.39港元的历史高点，累计下跌了45.5%，市值蒸发3.38万亿港元，相当于跌掉了5.6个小米。\n在反垄断风暴下，腾讯已经收到多项反垄断行政处罚书。据券商中国记者统计，仅7月以来，腾讯就已经收到6份反垄断罚单，并收到禁止旗下虎牙与斗鱼的合并案决定1份。\n此外，8月初，一篇游戏危害青少年的新闻报道，将网络游戏比作新型“毒品”，并点名了《王者荣耀》，一度让腾讯的股价在8月3日盘中暴跌10%，当天午间，腾讯公司迅速发文，从《王者荣耀》试点，逐步面向全线游戏推出“双减、双打、三提倡”的七条新举措，并禁止未满12周岁用户充值。\n腾讯股价的大幅下挫，让知名投资人段永平“看不下去了”。8月4日上午，段永平在其雪球账号“大道无形我有型”中写道，“今天买了点腾讯控股，再跌再多买些。” \n\n在大佬的号召下，投资者涌入抄底，腾讯股价在当天一度大涨5%，收盘涨2.42%。不过，在震荡了几天后，近日腾讯股价重回跌势。8月18日，段永平再次发文称，“今天买了点腾讯和阿里。”\n在8月18日当晚的业绩电话会议上，腾讯总裁刘炽平表示，全球互联网监管是大势所趋，中国在互联网领域的结构化监管在世界范围内是领先且严格的，此前中国互联网产业的监管相对而言比较宽松，但逐渐在收紧，预期未来有更多监管措施出台。\n对于近期媒体报道的互联网企业或将不再享受10％的税收优惠政策的消息，腾讯CFO罗硕瀚回应称，随着时间的推移，税收补贴在普遍减少，过去一段时间里公司在税率方面进行了充分的考虑，未来在税收上会严格遵循国家的规定。\n中信证券表示，腾讯控股二季度业绩略超预期。腾讯是中国互联网领域的核心投资标的，虽然反垄断监管对腾讯相关子公司造成影响，但公司的各项核心业务目前仍保持稳健，在中国互联网领域，公司仍具有较强的产品和竞争优势，并且积极地加大在可再生能源、云业务以及创新内容等领域的投入，以保持长期可持续发展的动力。考虑到公司加大在可再生能源、云业务以及创新内容等领域的投入，游戏企业所得税优惠可能有所变化，整治App开屏广告和《数据安全法》或将对广告业务产生一定影响，短期盈利增速预计会有所承压，但中长期依然有持续增长空间，维持“买入”评级。\n阿里巴巴跌了47.6%，市值蒸发3.21万亿港元\n8月19日当天，阿里巴巴港股股价也跌了5.51%，报收于162.1港元，创出历史新低，最新市值为3.52万亿港元。\n相对于美团和腾讯，阿里巴巴股价的此轮调整时间更早，它是从去年10月底开始启动本轮下跌的。自去年10月28日的历史高点309.4港元以来，阿里巴巴累计下跌47.6%，市值蒸发了3.21万亿港元，跌掉了5个小米。\n阿里遭遇的反垄断调查来的更早些。2020年12月，市场监管总局依据《反垄断法》对阿里巴巴集团在中国境内网络零售平台服务市场滥用市场支配地位行为立案调查。2021年4月10日，国家市场监管总局通报，依法对阿里巴巴集团作出行政处罚，责令其停止违法行为，并处以其2019年中国境内销售额4557.12亿元4%计182.28亿元（27.82 亿美元）罚款。在阿里巴巴的反垄断罚单开出数天之后，监管部门约谈蚂蚁集团。\n8月初，阿里巴巴在财报公布后的电话会上，发出了部分业务将不再享有10%税收优惠政策的“预警”。阿里巴巴最新财报数据也显示，其截至2021年6月30日止三个月的有效稅率由去年同期的19%，增长至如今的20%。\n有业内人士向券商中国记者表示，税率优惠政策的变化主要针对的应该是阿里、腾讯等互联网巨头，而对更多创业初期的新经济企业影响不大。\n中泰证券表示，监管趋严的大背景下，阿里短期经营承压，长期来看，电商龙头仍将持续受益于线上渗透率提高和数字化进程加快，阿里在品牌服务、云计算等领域积累了较强的竞争优势，研发投入力度大，创新能力较优，未来有望通过持续创新驱动增长。天风证券、国泰君安(香港)近期也表示，目前，阿里巴巴估值已达到有吸引力的水平。\n快手股价跌了84%，市值蒸发1.47万亿港元\n相对于其他几个互联网巨头，快手的股价跌的更惨。\n\n8月19日，快手港股再度大跌7.07%，报65.75港元，连续第7个交易日刷新历史新低，最新市值仅剩2735亿港元。自高点417.8港元以来，快手股价累计下跌84%，市值蒸发近1.47万亿港元。目前，美团港股市值才1.24万亿港元，也就是说，快手直接蒸发掉了一个美团的体量。\n快手于今年2月5日登陆港交所，成为“中国短视频第一股”。上市后的前6个交易日，快手股价一路上涨，市值一度高达1.74万亿港元。但是没想到，快手上市的好日子也就停留在这6天，随后，该股一路下跌至今，持续了半年之久。\n海通国际指出，短期而言，认为8月限售股解禁以及监管方面的不确定性均对快手股价构成压力。调整后目标价为125港元（原为276港元），将2023财年每股盈利预测从9.81元人民币下调至3.45元人民币，主要由于净利率调整。","news_type":1,"symbols_score_info":{"90022":0.9,"TCEHY":0.9,"QNETCN":0.9,"01024":0.9,"00700":0.9,"03690":0.9}},"isVote":1,"tweetType":1,"viewCount":2339,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}