Profile - To The Moon

Monke

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- MonkeMonke
  ·2021-02-17
  The ev craze continues. Soon there will be no more ICE vehicles
  Sorry, this post has been deleted
  1.09K Comment
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- MonkeMonke
  ·2021-02-16
  What is that supposed to mean? Comment and like back please.Sent from my iPhone.
  Sorry, this post has been deleted
  1.18K Comment
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- MonkeMonke
  ·2021-02-10
  TLDR : ???????
  Sorry, this post has been deleted
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- MonkeMonke
  ·2021-02-10
  Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends
  Sorry, this post has been deleted
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- MonkeMonke
  ·2021-02-09
  Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more stable. Anyways, please comment and like for likesand follow back thanks!
  Tencent bolsters defenses for core businesses as ByteDance muscles into its turf
  HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd may be the world's largest gaming company
  Tencent bolsters defenses for core businesses as ByteDance muscles into its turf
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- MonkeMonke
  ·2021-02-06
  Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)
  Sorry, this post has been deleted
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- MonkeMonke
  ·2021-02-05
  What a ride it was the last week. But is the show over though??
  The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America
  Shares of GameStop and other companies or assets that shot upin value in recent weeks are now droppi
  The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America
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- MonkeMonke
  ·2021-02-05
  $GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe
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- MonkeMonke
  ·2021-02-04
  Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.
  Chinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO
  Cloopen Group Holding, which provides cloud-based communication services in China, announced terms f
  Chinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO
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ev craze continues. Soon there will be no more ICE vehicles","listText":"The ev craze continues. Soon there will be no more ICE vehicles","text":"The ev craze continues. Soon there will be no more ICE vehicles","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385501854","repostId":"2112833386","repostType":4,"isVote":1,"tweetType":1,"viewCount":1091,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382257733,"gmtCreate":1613457197122,"gmtModify":1704880661193,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"What is that supposed to mean? Comment and like back please.Sent from my iPhone.","listText":"What is that supposed to mean? Comment and like back please.Sent from my iPhone.","text":"What is that supposed to mean? Comment and like back please.Sent from my iPhone.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382257733","repostId":"1136473777","repostType":4,"isVote":1,"tweetType":1,"viewCount":1175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381880581,"gmtCreate":1612952370643,"gmtModify":1704876429674,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"TLDR : ???????","listText":"TLDR : ???????","text":"TLDR : ???????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381880581","repostId":"2110425090","repostType":4,"isVote":1,"tweetType":1,"viewCount":1553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381814232,"gmtCreate":1612952243126,"gmtModify":1704876427038,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends","listText":"Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends","text":"Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381814232","repostId":"1150853051","repostType":4,"isVote":1,"tweetType":1,"viewCount":1191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383368034,"gmtCreate":1612839751328,"gmtModify":1704874839377,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more&nbsp;stable. Anyways, please comment and like for likesand follow back thanks!","listText":"Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more&nbsp;stable. Anyways, please comment and like for likesand follow back thanks!","text":"Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more stable. Anyways, please comment and like for likesand follow back thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383368034","repostId":"2110055481","repostType":4,"repost":{"id":"2110055481","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1612839116,"share":"https://ttm.financial/m/news/2110055481?lang=en_US&edition=fundamental","pubTime":"2021-02-09 10:51","market":"us","language":"en","title":"Tencent bolsters defenses for core businesses as ByteDance muscles into its turf","url":"https://stock-news.laohu8.com/highlight/detail?id=2110055481","media":"Reuters","summary":"HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd may be the world's largest gaming company","content":"<p>HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd&nbsp;may be the world's largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it's also spooked.</p>\n<p>Rapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social media and office software.</p>\n<p>That has forced Tencent over the past year to become less of absent parent and much more hands-on with some of the 800-plus companies it has invested in, sources at Tencent and its portfolio firms told Reuters.</p>\n<p>It is now helping key firms revamp their business models to head off ByteDance while coaxing them to stop competing with each other, the sources said.</p>\n<p>To buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games.</p>\n<p>\"ByteDance is pressing hard so as a defensive strategy, Tencent has to go on the offensive and at the same time exert more influence on portfolio companies to form a line of defence,\" said a Tencent executive.</p>\n<p>The executive, like other sources for this article, declined to be identified as he was not authorised to speak to media on the matter.</p>\n<p><b>NO LOVE LOST</b></p>\n<p>In 2018, ByteDance founder Zhang Yiming traded barbs with Tencent founder Pony Ma, accusing Tencent of blocking and copying Douyin, and the feud has since escalated into a volley of lawsuits.</p>\n<p>That includes a suit from Douyin last week accusing Tencent of monopolistic behaviour. Tencent said the claims were false, accused Douyin of illegally gaining user information and vowed to file more suits against ByteDance.</p>\n<p>Asked to comment on changes to its strategies and the feud, Tencent said in a statement to Reuters that ByteDance and related companies have hurt the interests of its partners and rights of its users.</p>\n<p>\"We are committed and will take legal action to protect our healthy ecosystem,\" it said.</p>\n<p>ByteDance argues WeChat users should have control of their data and the data isn't owned by Tencent. It said in a statement it was seeking to protect its rights and those of its users and that \"competition is better for consumers and promotes innovation\".</p>\n<p>Established only in 2012, Beijing-based ByteDance has become a prolific 'app factory' valued at some $180 billion. It is now 22-year-old Tencent's biggest threat, eclipsing long-time rivals Alibaba Group Holding and Baidu Inc , Tencent sources said.</p>\n<p>In 2019, ByteDance became China's second largest digital ad player behind Alibaba, leapfrogging Tencent and Baidu in the process. Its share of Chinese app users' screen time has also grown, to 15% as of end-September from 12% a year earlier, while Tencent's share fell to 41% from 45%, according to analytics firm QuestMobile.</p>\n<p>The potential for ByteDance to use Douyin and other apps to direct traffic to new business lines, similar to how Tencent leveraged its WeChat and QQ social media products, has pushed Tencent to formulate new strategies, the sources added.</p>\n<p><b>MAKING IT HARD FOR BYTEDANCE</b></p>\n<p>Best known for more sophisticated money-making titles like \"Honor of Kings\", Tencent is also now churning out simple casual games typically played on mobile phones - a segment it was once dismissive of as not very profitable, sources said.</p>\n<p>The reason? ByteDance's growing library of such games, currently over 150, that include notable hits like \"My Kungfu is Special\" and \"Rooster Defense\".</p>\n<p>Tencent has boosted its line-up with an investment last year in France's Voodoo, which already had a presence in China. Tencent then acquired Chinese firm Leyou, known for the action game \"Warframe\", but which also has many simple casual games.</p>\n<p>\"Obviously these games don't bring Tencent much revenue. The sole purpose is to just make it hard for ByteDance to succeed,\" said a ByteDance gaming executive.</p>\n<p>Tencent invested in 30 gaming firms last year compared to its usual practice of about 10 per year - a strategy aimed at preventing ByteDance, which has been working on more sophisticated games, from gaining a greater foothold in the industry, sources said.</p>\n<p>Tencent is also responsible for game-streaming firm Huya Inc's plans to acquire DouYu International Holdings</p>\n<p>- putting an end to a destructive rivalry that saw regular poaching of each other's celebrities, sources familiar with the matter said.</p>\n<p>It took action after Douyin and another rival Bilibili</p>\n<p>began gaining traction in games livestreaming services, they added.</p>\n<p>In other business areas, ByteDance's development of a search engine was a factor behind Tencent's plans to buy out the rest of search engine Sogou for $3.5 billion and take it private, <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources said.</p>\n<p>For majority-owned China Literature , Tencent sent <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its senior executives to lead the online reading platform and made most of its content free - moves analysts have said were made in response to the success of a rival offering launched by ByteDance.</p>\n<p>Attempts by Tencent to ward off ByteDance's encroachment of its territory could, however, become complicated by a recent antitrust review by Chinese regulators of internet firms.</p>\n<p>The gaming market remains fragmented and Tencent is less vulnerable to regulatory action there, but the overwhelming dominance of WeChat as a social media forum in China - the basis for ByteDance's latest suit - is hard to deny, lawyers say.</p>\n<p>Regulatory approval of the Huya-DouYu deal might come with the condition that other platforms be allowed to livestream Tencent-owned games, said You Yunting, a lawyer with Shanghai-based The Bund Law Office.</p>\n<p>Sources with direct knowledge of the matter have also said Tencent's Sogou deal will face a thorough review and there is a good chance it may not close as planned.</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>Tencent bolsters defenses for core businesses as ByteDance muscles into its turf</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent bolsters defenses for core businesses as ByteDance muscles into its turf\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-09 10:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd&nbsp;may be the world's largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it's also spooked.</p>\n<p>Rapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social media and office software.</p>\n<p>That has forced Tencent over the past year to become less of absent parent and much more hands-on with some of the 800-plus companies it has invested in, sources at Tencent and its portfolio firms told Reuters.</p>\n<p>It is now helping key firms revamp their business models to head off ByteDance while coaxing them to stop competing with each other, the sources said.</p>\n<p>To buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games.</p>\n<p>\"ByteDance is pressing hard so as a defensive strategy, Tencent has to go on the offensive and at the same time exert more influence on portfolio companies to form a line of defence,\" said a Tencent executive.</p>\n<p>The executive, like other sources for this article, declined to be identified as he was not authorised to speak to media on the matter.</p>\n<p><b>NO LOVE LOST</b></p>\n<p>In 2018, ByteDance founder Zhang Yiming traded barbs with Tencent founder Pony Ma, accusing Tencent of blocking and copying Douyin, and the feud has since escalated into a volley of lawsuits.</p>\n<p>That includes a suit from Douyin last week accusing Tencent of monopolistic behaviour. Tencent said the claims were false, accused Douyin of illegally gaining user information and vowed to file more suits against ByteDance.</p>\n<p>Asked to comment on changes to its strategies and the feud, Tencent said in a statement to Reuters that ByteDance and related companies have hurt the interests of its partners and rights of its users.</p>\n<p>\"We are committed and will take legal action to protect our healthy ecosystem,\" it said.</p>\n<p>ByteDance argues WeChat users should have control of their data and the data isn't owned by Tencent. It said in a statement it was seeking to protect its rights and those of its users and that \"competition is better for consumers and promotes innovation\".</p>\n<p>Established only in 2012, Beijing-based ByteDance has become a prolific 'app factory' valued at some $180 billion. It is now 22-year-old Tencent's biggest threat, eclipsing long-time rivals Alibaba Group Holding and Baidu Inc , Tencent sources said.</p>\n<p>In 2019, ByteDance became China's second largest digital ad player behind Alibaba, leapfrogging Tencent and Baidu in the process. Its share of Chinese app users' screen time has also grown, to 15% as of end-September from 12% a year earlier, while Tencent's share fell to 41% from 45%, according to analytics firm QuestMobile.</p>\n<p>The potential for ByteDance to use Douyin and other apps to direct traffic to new business lines, similar to how Tencent leveraged its WeChat and QQ social media products, has pushed Tencent to formulate new strategies, the sources added.</p>\n<p><b>MAKING IT HARD FOR BYTEDANCE</b></p>\n<p>Best known for more sophisticated money-making titles like \"Honor of Kings\", Tencent is also now churning out simple casual games typically played on mobile phones - a segment it was once dismissive of as not very profitable, sources said.</p>\n<p>The reason? ByteDance's growing library of such games, currently over 150, that include notable hits like \"My Kungfu is Special\" and \"Rooster Defense\".</p>\n<p>Tencent has boosted its line-up with an investment last year in France's Voodoo, which already had a presence in China. Tencent then acquired Chinese firm Leyou, known for the action game \"Warframe\", but which also has many simple casual games.</p>\n<p>\"Obviously these games don't bring Tencent much revenue. The sole purpose is to just make it hard for ByteDance to succeed,\" said a ByteDance gaming executive.</p>\n<p>Tencent invested in 30 gaming firms last year compared to its usual practice of about 10 per year - a strategy aimed at preventing ByteDance, which has been working on more sophisticated games, from gaining a greater foothold in the industry, sources said.</p>\n<p>Tencent is also responsible for game-streaming firm Huya Inc's plans to acquire DouYu International Holdings</p>\n<p>- putting an end to a destructive rivalry that saw regular poaching of each other's celebrities, sources familiar with the matter said.</p>\n<p>It took action after Douyin and another rival Bilibili</p>\n<p>began gaining traction in games livestreaming services, they added.</p>\n<p>In other business areas, ByteDance's development of a search engine was a factor behind Tencent's plans to buy out the rest of search engine Sogou for $3.5 billion and take it private, <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources said.</p>\n<p>For majority-owned China Literature , Tencent sent <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its senior executives to lead the online reading platform and made most of its content free - moves analysts have said were made in response to the success of a rival offering launched by ByteDance.</p>\n<p>Attempts by Tencent to ward off ByteDance's encroachment of its territory could, however, become complicated by a recent antitrust review by Chinese regulators of internet firms.</p>\n<p>The gaming market remains fragmented and Tencent is less vulnerable to regulatory action there, but the overwhelming dominance of WeChat as a social media forum in China - the basis for ByteDance's latest suit - is hard to deny, lawyers say.</p>\n<p>Regulatory approval of the Huya-DouYu deal might come with the condition that other platforms be allowed to livestream Tencent-owned games, said You Yunting, a lawyer with Shanghai-based The Bund Law Office.</p>\n<p>Sources with direct knowledge of the matter have also said Tencent's Sogou deal will face a thorough review and there is a good chance it may not close as planned.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BILI":"哔哩哔哩","00772":"阅文集团","HUYA":"虎牙","TCEHY":"腾讯控股ADR","00700":"腾讯控股","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110055481","content_text":"HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd may be the world's largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it's also spooked.\nRapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social media and office software.\nThat has forced Tencent over the past year to become less of absent parent and much more hands-on with some of the 800-plus companies it has invested in, sources at Tencent and its portfolio firms told Reuters.\nIt is now helping key firms revamp their business models to head off ByteDance while coaxing them to stop competing with each other, the sources said.\nTo buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games.\n\"ByteDance is pressing hard so as a defensive strategy, Tencent has to go on the offensive and at the same time exert more influence on portfolio companies to form a line of defence,\" said a Tencent executive.\nThe executive, like other sources for this article, declined to be identified as he was not authorised to speak to media on the matter.\nNO LOVE LOST\nIn 2018, ByteDance founder Zhang Yiming traded barbs with Tencent founder Pony Ma, accusing Tencent of blocking and copying Douyin, and the feud has since escalated into a volley of lawsuits.\nThat includes a suit from Douyin last week accusing Tencent of monopolistic behaviour. Tencent said the claims were false, accused Douyin of illegally gaining user information and vowed to file more suits against ByteDance.\nAsked to comment on changes to its strategies and the feud, Tencent said in a statement to Reuters that ByteDance and related companies have hurt the interests of its partners and rights of its users.\n\"We are committed and will take legal action to protect our healthy ecosystem,\" it said.\nByteDance argues WeChat users should have control of their data and the data isn't owned by Tencent. It said in a statement it was seeking to protect its rights and those of its users and that \"competition is better for consumers and promotes innovation\".\nEstablished only in 2012, Beijing-based ByteDance has become a prolific 'app factory' valued at some $180 billion. It is now 22-year-old Tencent's biggest threat, eclipsing long-time rivals Alibaba Group Holding and Baidu Inc , Tencent sources said.\nIn 2019, ByteDance became China's second largest digital ad player behind Alibaba, leapfrogging Tencent and Baidu in the process. Its share of Chinese app users' screen time has also grown, to 15% as of end-September from 12% a year earlier, while Tencent's share fell to 41% from 45%, according to analytics firm QuestMobile.\nThe potential for ByteDance to use Douyin and other apps to direct traffic to new business lines, similar to how Tencent leveraged its WeChat and QQ social media products, has pushed Tencent to formulate new strategies, the sources added.\nMAKING IT HARD FOR BYTEDANCE\nBest known for more sophisticated money-making titles like \"Honor of Kings\", Tencent is also now churning out simple casual games typically played on mobile phones - a segment it was once dismissive of as not very profitable, sources said.\nThe reason? ByteDance's growing library of such games, currently over 150, that include notable hits like \"My Kungfu is Special\" and \"Rooster Defense\".\nTencent has boosted its line-up with an investment last year in France's Voodoo, which already had a presence in China. Tencent then acquired Chinese firm Leyou, known for the action game \"Warframe\", but which also has many simple casual games.\n\"Obviously these games don't bring Tencent much revenue. The sole purpose is to just make it hard for ByteDance to succeed,\" said a ByteDance gaming executive.\nTencent invested in 30 gaming firms last year compared to its usual practice of about 10 per year - a strategy aimed at preventing ByteDance, which has been working on more sophisticated games, from gaining a greater foothold in the industry, sources said.\nTencent is also responsible for game-streaming firm Huya Inc's plans to acquire DouYu International Holdings\n- putting an end to a destructive rivalry that saw regular poaching of each other's celebrities, sources familiar with the matter said.\nIt took action after Douyin and another rival Bilibili\nbegan gaining traction in games livestreaming services, they added.\nIn other business areas, ByteDance's development of a search engine was a factor behind Tencent's plans to buy out the rest of search engine Sogou for $3.5 billion and take it private, one of the sources said.\nFor majority-owned China Literature , Tencent sent one of its senior executives to lead the online reading platform and made most of its content free - moves analysts have said were made in response to the success of a rival offering launched by ByteDance.\nAttempts by Tencent to ward off ByteDance's encroachment of its territory could, however, become complicated by a recent antitrust review by Chinese regulators of internet firms.\nThe gaming market remains fragmented and Tencent is less vulnerable to regulatory action there, but the overwhelming dominance of WeChat as a social media forum in China - the basis for ByteDance's latest suit - is hard to deny, lawyers say.\nRegulatory approval of the Huya-DouYu deal might come with the condition that other platforms be allowed to livestream Tencent-owned games, said You Yunting, a lawyer with Shanghai-based The Bund Law Office.\nSources with direct knowledge of the matter have also said Tencent's Sogou deal will face a thorough review and there is a good chance it may not close as planned.","news_type":1,"symbols_score_info":{"00772":0.9,"00700":0.9,"BILI":0.9,"HUYA":0.9,"TCEHY":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":1521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380736378,"gmtCreate":1612587108194,"gmtModify":1704873096845,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)","listText":"Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)","text":"Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380736378","repostId":"2109727286","repostType":4,"isVote":1,"tweetType":1,"viewCount":1324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380118485,"gmtCreate":1612522860747,"gmtModify":1704872330405,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"What a ride it was the last week. But is&nbsp;the show over though??","listText":"What a ride it was the last week. But is&nbsp;the show over though??","text":"What a ride it was the last week. But is the show over though??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/380118485","repostId":"1180970570","repostType":4,"repost":{"id":"1180970570","kind":"news","pubTimestamp":1612501989,"share":"https://ttm.financial/m/news/1180970570?lang=en_US&edition=fundamental","pubTime":"2021-02-05 13:13","market":"us","language":"en","title":"The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America","url":"https://stock-news.laohu8.com/highlight/detail?id=1180970570","media":"marketwatch","summary":"Shares of GameStop and other companies or assets that shot upin value in recent weeks are now droppi","content":"<p>Shares of GameStop&nbsp;and other companies or&nbsp;assets that shot upin value in recent weeks are now&nbsp;dropping&nbsp;like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.</p><p>The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.</p><p>As a finance professor who does&nbsp;research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.</p><p>Capital markets aren’t casinos</p><p>Some have portrayed&nbsp;GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?</p><p>The first thing to keep in mind is that markets aren’t a big casino,&nbsp;as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.</p><p>Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without&nbsp;access to capital markets.</p><p>The more jaundiced view of markets focuses on episodes when&nbsp;markets seemingly go crazy&nbsp;and on the&nbsp;speculative gambling behavior of some traders, such as&nbsp;hedge funds. The GameStop saga feeds into this storyline.</p><p>But GameStop also illustrates what happens when stock prices don’t reflect reality.</p><p>The GameStop bubble</p><p>GameStop fundamentals&nbsp;are, to put it mildly, lackluster.</p><p>The company is a brick-and-mortar chain of video game stores. Most video game sales now&nbsp;take place as digital downloads. GameStop&nbsp;has been slow&nbsp;to adapt to this new reality. Its revenue peaked in&nbsp;2012 at US$9.55 billion&nbsp;and had dropped by a third&nbsp;as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.</p><p>The recent speculative frenzy, however, increased the GameStop stock price&nbsp;from under $20 in early January to as high as $483&nbsp;in a little over two weeks,&nbsp;driven by retail investors on Reddit&nbsp;who coordinated their buying to harm hedge funds,&nbsp;costing the professionals billions of dollars.</p><p>It is&nbsp;clearly a speculative price bubble&nbsp;and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially&nbsp;those attracted by the extreme price moves&nbsp;and media coverage — will be left holding the bag.</p><p>And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares&nbsp;were trading near $70for the first time since Jan. 25.</p><p>The problems begin when that doesn’t happen until too late.</p><p>Bubbles are made to pop</p><p>Financial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.</p><p>That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.</p><p>Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 —&nbsp;after prices of dozens of tech stocks soared exponentially in the late 1990s&nbsp;— an&nbsp;economic recession&nbsp;followed soon after. The bursting of a&nbsp;housing bubble in 2008&nbsp;triggered a global financial crisis and the Great Recession.</p><p>Too much momentum</p><p>So markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.</p><p>Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.</p><p>In recent days, Reddit users have also driven up the&nbsp;prices of silverSI00,0.61%&nbsp;and&nbsp;companies&nbsp;such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood&nbsp;have made trading easy, fun&nbsp;and basically free.</p><p>The share price of TeslaTSLA,-0.55%,for example,&nbsp;skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called&nbsp;momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.</p><p>If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the&nbsp;already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation&nbsp;could hurt public confidence&nbsp;in financial markets, which would make people more reluctant to invest in retirement and other programs.</p><p>Warren Buffett&nbsp;once said&nbsp;about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”</p><p>What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.</p><p>There’s no particular reason it won’t happen again.</p><p><i>Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from&nbsp;crashing“.</i></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe dark side of the GameStop bubble: Driving stock prices to the moon can hurt America\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 13:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of GameStop and other companies or assets that shot upin value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b72bab52a7d49e9d26088350ab4826c1","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180970570","content_text":"Shares of GameStop and other companies or assets that shot upin value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.As a finance professor who does research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.Capital markets aren’t casinosSome have portrayed GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?The first thing to keep in mind is that markets aren’t a big casino, as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without access to capital markets.The more jaundiced view of markets focuses on episodes when markets seemingly go crazy and on the speculative gambling behavior of some traders, such as hedge funds. The GameStop saga feeds into this storyline.But GameStop also illustrates what happens when stock prices don’t reflect reality.The GameStop bubbleGameStop fundamentals are, to put it mildly, lackluster.The company is a brick-and-mortar chain of video game stores. Most video game sales now take place as digital downloads. GameStop has been slow to adapt to this new reality. Its revenue peaked in 2012 at US$9.55 billion and had dropped by a third as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.The recent speculative frenzy, however, increased the GameStop stock price from under $20 in early January to as high as $483 in a little over two weeks, driven by retail investors on Reddit who coordinated their buying to harm hedge funds, costing the professionals billions of dollars.It is clearly a speculative price bubble and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially those attracted by the extreme price moves and media coverage — will be left holding the bag.And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares were trading near $70for the first time since Jan. 25.The problems begin when that doesn’t happen until too late.Bubbles are made to popFinancial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 — after prices of dozens of tech stocks soared exponentially in the late 1990s — an economic recession followed soon after. The bursting of a housing bubble in 2008 triggered a global financial crisis and the Great Recession.Too much momentumSo markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.In recent days, Reddit users have also driven up the prices of silverSI00,0.61% and companies such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood have made trading easy, fun and basically free.The share price of TeslaTSLA,-0.55%,for example, skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation could hurt public confidence in financial markets, which would make people more reluctant to invest in retirement and other programs.Warren Buffett once said about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.There’s no particular reason it won’t happen again.Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from crashing“.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380077231,"gmtCreate":1612498346423,"gmtModify":1704872017855,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"$GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe","listText":"$GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe","text":"$GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380077231","repostId":"1125684044","repostType":4,"isVote":1,"tweetType":1,"viewCount":1587,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317893390,"gmtCreate":1612432950810,"gmtModify":1704871106924,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.","listText":"Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.","text":"Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317893390","repostId":"1177377712","repostType":4,"repost":{"id":"1177377712","kind":"news","pubTimestamp":1612431358,"share":"https://ttm.financial/m/news/1177377712?lang=en_US&edition=fundamental","pubTime":"2021-02-04 17:35","market":"us","language":"en","title":"Chinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1177377712","media":"Renaissance Capital","summary":"Cloopen Group Holding, which provides cloud-based communication services in China, announced terms f","content":"<p>Cloopen Group Holding, which provides cloud-based communication services in China, announced terms for its IPO on Wednesday.</p>\n<p>The Beijing, China-based company plans to raise $280 million by offering 20 million ADSs at a price range of $13 to $15. At the midpoint of the proposed range, Cloopen Group Holding would command a market value of $2.1 billion.</p>\n<p>In terms of 2019 revenue, Cloopen Group operates the largest multi-capability cloud-based communications solution provider in China. It is also the only provider in China that offers a full suite of cloud-based communications solutions, covering communications platform as a service, cloud-based contact centers, and cloud-based unified communications and collaborations.</p>\n<p>Cloopen Group Holding was founded in 2012 and booked $113 million in revenue for the 12 months ended September 30, 2020. It plans to list on the NYSE under the symbolRAAS. Goldman Sachs, Citi and CICC are the joint bookrunners on the deal.</p>","source":"lsy1603787993745","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>Chinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/76061/Chinese-cloud-communication-provider-Cloopen-Group-Holding-sets-terms-for-$><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cloopen Group Holding, which provides cloud-based communication services in China, announced terms for its IPO on Wednesday.\nThe Beijing, China-based company plans to raise $280 million by offering 20...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/76061/Chinese-cloud-communication-provider-Cloopen-Group-Holding-sets-terms-for-$\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/76061/Chinese-cloud-communication-provider-Cloopen-Group-Holding-sets-terms-for-$","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177377712","content_text":"Cloopen Group Holding, which provides cloud-based communication services in China, announced terms for its IPO on Wednesday.\nThe Beijing, China-based company plans to raise $280 million by offering 20 million ADSs at a price range of $13 to $15. At the midpoint of the proposed range, Cloopen Group Holding would command a market value of $2.1 billion.\nIn terms of 2019 revenue, Cloopen Group operates the largest multi-capability cloud-based communications solution provider in China. It is also the only provider in China that offers a full suite of cloud-based communications solutions, covering communications platform as a service, cloud-based contact centers, and cloud-based unified communications and collaborations.\nCloopen Group Holding was founded in 2012 and booked $113 million in revenue for the 12 months ended September 30, 2020. It plans to list on the NYSE under the symbolRAAS. Goldman Sachs, Citi and CICC are the joint bookrunners on the deal.","news_type":1,"symbols_score_info":{"RAAS":0.9}},"isVote":1,"tweetType":1,"viewCount":1436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}