Hopehope赋予希望 personal page

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href=\"https://ttm.financial/S/XIACY\">$Xiaomi Corp.(XIACY)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/XIACY\">$Xiaomi Corp.(XIACY)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","text":"$Xiaomi Corp.(XIACY)$ 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</a>&nbsp;","text":"@小米公司","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/529328900134456","repostId":"2609008395","repostType":2,"repost":{"id":"2609008395","kind":"news","pubTimestamp":1770220192,"share":"https://ttm.financial/m/news/2609008395?lang=en_US&edition=fundamental","pubTime":"2026-02-04 23:49","market":"hk","language":"zh","title":"Fryer! Xiaomi Hong Kong Dollar Repurchase VS US Dollar Reduction: Executives Cash Out Huge, How Many Investors Do Word Games Cheat?","url":"https://stock-news.laohu8.com/highlight/detail?id=2609008395","media":"上海陆家嘴并购...","summary":"2月3日，小米股价跌破35港元关键防线，收于34.6港元，连续三日下跌，市值持续缩水至9000亿港元以下。一边是“小额高频”的港元回购，高调释放利好；一边是“巨量分期”的美元减持，低调套现离场。小米那些年的市场绯闻与辟谣，套路从未变过此次“回购vs减持”的文字游戏，并非小米首次引发市场争议。","content":"<html><body><article><img src=\"https://fid-75186.picgzc.qpic.cn/20260204235131423v152x7cokeuf5tf\"/>On February 3,<a href=\"https://laohu8.com/S/XIACY\">Millet</a>share pricedrop belowThe key defense line of HK$ 35 closed at HK$ 34.6, falling for three consecutive days, and its market value continued to shrink below HK$ 900 billion.There was a wail in the stock bar, and some investors showed screenshots of losses of hundreds of thousands or nearly one million, while begging the company to increaseRepurchaseStrength, while denouncing executives' reduction of holdings as \"cold people's hearts\".<img src=\"https://fid-75186.picgzc.qpic.cn/20260204235150978v152q1cfhq6hqi4\"/>The focus of all these contradictions is focused on<a href=\"https://laohu8.com/S/01810\">Millet</a>Recently, there are two seemingly opposing capital operations-on the one hand, intensive Hong Kong dollar repurchase, which claims to \"maintain stable stock price and show confidence\" in a high profile; On one side is the huge dollar reduction of core executives, setting a record<a href=\"https://laohu8.com/S/81810\">Millet</a>The largest cash-out record in history.The lawyer admits that from the legal point of view, both operations are flawless [comprehensive public lawyer interpretation].However, at the market level, this drama of \"left-handed repurchase and right-handed reduction\", coupled with deliberately switched currency units and high-sounding reasons for reduction, is more like a carefully designed word game, which allows professionals to see through the core and confuses ordinary investors.Core Showdown: 2.5 billion Hong Kong dollars repurchase vs. 2 billion US dollars reduction, the gap is more than currencyFirst, set out the two sets of key data clearly, and understand the disparity at a glance — —On the repurchase side, on 22 January 2026, Xiaomi announced the launch of an automaticShare RepurchaseThe plan, the subject matter is Class B ordinary shares, and all repurchased shares will be cancelled. The plan will start on January 23rd and will be valid until the day before the annual general meeting or the quota is exhausted [source: 21st century business herald].<img src=\"https://mmbiz.qpic.cn/sz_mmbiz_png/v2VAOZiaVZxOm5TRaL9Ht66oGgsDXKCnccxTFqWYCtWAnYibTG2iabAuV0ShhxH84u9xKPfNgs2ib6dpvIqPbbB6GA/640?wx_fmt=png&from=appmsg\"/>This is not Xiaomi's first shot. From September 29, 2025 to January 22, 2026, Xiaomi has accumulated 44 repurchases at a cost of about 7.464 billion yuan; Since the beginning of 2026, the number of repurchases has reached 14 times, with a cumulative cost of HK$2.39 billion. On January 26th alone, HK$140 million was spent to repurchase 3.9872 million shares [source: 21st century business herald, securities times].On the reduction end, on December 28, 2025, Lin Bin, co-founder and vice chairman of Xiaomi (one of the \"Seven Musketeers\" of entrepreneurship and once the \"No.2 Person\" of Xiaomi) announced that he planned to sell no more than 500 million USD of Class B shares every 12 months from December 2026, with a cumulative reduction limit of 2 billion USD [source: Economic Herald].<img src=\"https://fid-75186.picgzc.qpic.cn/20260204235232432v1522wb1izm61eb\"/>Currentexchange rateConverted, US$2 billion is about HK$15.6 billion, which is 6.24 times of the repurchase amount of HK$2.5 billion [source: Economic Herald]. What's more noteworthy is that this is not the first time that Lin Bin has reduced his holdings-in June 2024, he reduced his holdings by 10 million shares and cashed out about HK$179 million, at that time on the grounds of \"charitable charity donation\" [source: Economic Herald].On the one hand, it is the \"small amount and high frequency\" Hong Kong dollar repurchase, which is good for high-profile release; On the one hand, the \"huge installment\" dollar reduction, low-key cash out and leave the market.This strong contrast inevitably makes the market question: Is the so-called \"maintaining stable stock price\" true confidence or a smoke bomb to hide others?Three doubts that the law is flawless, but the market logic does not make senseA number of capital market lawyers have publicly stated that Xiaomi's repurchase and Lin Bin's reduction are in line with<a href=\"https://laohu8.com/S/00388\">HKEX</a>The rules and regulatory requirements of listed companies, the information disclosure is complete, and no flaws can be found from the legal level [comprehensive public lawyer's interpretation]. However, outside the legal framework, three core doubts can't be avoided.Doubt 1: Can the reason for reducing holdings \"setting up an investment fund\" convince the public?Lin Bin's reason for the reduction is that \"the proceeds from the reduction are mainly used to set up investment fund companies\", and at the same time, he stated that \"he is full of confidence in the group's business prospects and will serve the group for a long time\" [Source: 21st century business herald].But the market doesn't buy it. Some financial bloggers questioned that the establishment of an investment fund may not necessarily require a huge amount of cash-by the end of the third quarter of 2025, Xiaomi's cash reserve reached 236.7 billion yuan. If Lin Bin really wants to lay out related investments, he can cooperate at the company level instead of reducing his personal shareholding on a large scale [source: public financial bloggers' views].More importantly, executive reduction has always been seen as a signal of \"voting with your feet\". As a core member who has accompanied Lei Jun for 16 years, Lin Bin knows Xiaomi's real business situation better than ordinary investors-the progress of high-end mobile phones, the profit prospect of automobile business and the bottleneck of IoT ecological growth. At this time, choosing a huge amount of reduction will inevitably make the market<a href=\"https://laohu8.com/S/00992\">Lenovo</a>\"Do you see risks that ordinary people can't see internally?\" [Source: Sina Financial Review].Doubt 2: Is currency unit switching a word game?This is the most criticized point, and it also fits the judgment of \"Xiaomi likes to play word games\" mentioned by users.When Xiaomi disclosed the repurchase, it deliberately used \"Hong Kong dollar\" as the unit-HK$ 2.5 billion. For ordinary investors, the intuitive feeling was \"billions of generous money\"; However, when Lin Bin was disclosed to reduce his holdings, he used \"US dollars\" as the unit-2 billion US dollars. If it is not converted into Hong Kong dollars, it is difficult to intuitively feel the disparity between it and repurchase [source: Economic Herald].Some netizens spit that this deliberate switching of monetary units is essentially \"misleading investors\": retail investors who don't know the truth may only see \"repurchase benefits\", but ignore the core fact that \"reduction of holdings is far more negative than positive\" [source: Economic Herald]. Although some insiders argue that enterprises can choose to disclose currency units independently, this move is to stabilize confidence, but this disclosure method of \"avoiding the important and taking the light\" undoubtedly consumes the trust of investors [source: Economic Herald].Doubt 3: Why does the repurchase \"support plate\" fall more and more?Xiaomi's original intention of repurchase was interpreted as \"coping with the decline in share price and demonstrating value recognition\"-as of January 22, 2026, Xiaomi's share price fell 42.65% from its all-time high of HK$61.45 in June 2025, almost giving up its full-year gain, and the P/E (TTM) was about 19.22 times, lower than<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, considered \"undervalued\" [source: 21st Century Business Herald].But the fact is that intensive buybacks have not prevented the stock price from falling: since the beginning of 2026, Xiaomi's share price has fallen from around HK$ 39 to HK$ 34, and many lines of defense such as 35, 36 and 37 have fallen one after another [source: Dabaibubai].The core reason is that the \"strength\" of repurchase is far less than the \"lethality\" of reduction, and the market is worried about Xiaomi's fundamentals. On the one hand, the repurchase of HK$2.5 billion is more like a drop in the bucket than the reduction of HK$15.6 billion; On the other hand, the rising cost of global memory chips has squeezed the gross profit margin of the mobile phone business. Although the automobile business has improved, it has not yet achieved a stable profit, and the high-end transformation is still facing<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>Apple's squeeze [source: 21st century business herald].Millet's market scandals and rumors in those years, the routine has never changedThis word game of \"repurchase vs reduction\" is not the first time that Xiaomi has caused market controversy.Looking back in recent years, Xiaomi has been frequently plagued by various market scandals, and its rumor refusal and public relations operations have always been characterized by \"fuzziness, avoiding the important and taking the light\", which is similar to this switching of currency units.Scandal 1: Xiaomi SU7 was denied insurance by insurance companies?In April 2025, rumors circulated on social platforms that \"Xiaomi SU7 was refused insurance by many insurance companies\" and \"the accident rate was several times that of models at the same price\", which caused panic among car owners and dragged down the short-term decline of Xiaomi's share price [source: Guangming.com].Millet urgently refutes rumors, jointly<a href=\"https://laohu8.com/S/01339\">PICC</a>Ping An,<a href=\"https://laohu8.com/S/601099\">Pacific Ocean</a>When the five major cooperative insurance companies confirmed that they had never issued a notice of refusal of insurance, the online documents were forged, and the case had been reported to the public security organs [source: Guangming.com]. Insurance companies also responded that the increase in premiums was related to the accident of vehicles last year, and there was no unified policy of refusing insurance [source: Guangming.com].Although this rumor was timely, Xiaomi did not disclose the specific accident data of SU7, and only responded with \"false rumors\", which failed to completely dispel market doubts-it was not until the sales data of subsequent quarters were disclosed that SU7 continued to sell well that this controversy gradually subsided.Scandal 2: Overseas business blocked and high-end failure?In recent years, rumors about the contraction of Xiaomi's overseas market and the stagnation of high-end transformation are common, and there is even news that \"Xiaomi will withdraw from the European high-end market\" [comprehensive public rumors].Xiaomi officials did not directly respond to such rumors, but indirectly refuted the rumors by releasing financial report data: in Q2, 2025, Xiaomi's global smartphone shipments increased by 12% year-on-year, and its European market share reached 23.4%, surpassing Apple for the first time and entering the second place in the region; The sales volume of overseas high-end mobile phones (priced at ≥4,000 yuan) accounted for 27.6%, a year-on-year increase of 10 percentage points [Source: Jinling Financial AI Analysis Report].However, the hidden worries behind the rumors have not disappeared: the average selling price (ASP) of Xiaomi's overseas mobile phones is still lower than that in China. In 2024, the overseas ASP is about 639 yuan, and the domestic ASP is about 890 yuan. High-end is still facing the problem of \"imbalance between volume and price\"; At the same time, European antitrust investigations and Indian supply chain localization requirements also put pressure on overseas businesses [Source: Jinling Financial AI Analysis Report].Scandal 3: tight cash flow, repurchase \"tearing down the east wall to make up the west wall\"?With Xiaomi's frequent repurchase and continuous investment in automobile business, there are rumors that \"Xiaomi's cash flow is tight, and the repurchase funds come from financing, not its own funds\" [comprehensive public rumors].Xiaomi responded through its financial report. By the end of the third quarter of 2025, its cash reserves reached 236.7 billion yuan, which was enough to support repurchase and business investment, and the repurchase funds were all its own funds [source: 21st century business herald]. However, what the market questions is why the repurchase amount is only 1/6 of the reduction amount when the cash flow is sufficient, which inevitably makes people suspect that \"repurchase is just a show\" [source: public investor discussion].Deep review: Who did Xiaomi's \"capital routine\" hurt?Whether it is this \"Hong Kong dollar repurchase + US dollar reduction\" or past scandals and rumors, Xiaomi's core operating logic is always the same: appeasing the market with \"superficial benefits\" and avoiding disputes with \"word games\", but always avoiding the core issues that the market is most concerned about.For professional investors, they can see through the essence at a glance: the huge reduction of executives is essentially a cautious expectation of the company's long-term growth; The insufficient repurchase shows that the management doesn't really think that the stock price is seriously undervalued, but more to alleviate market panic and maintain a decent valuation.For ordinary investors and rice noodle shareholders, this routine hurts the most. Many people bought millet stocks because of \"rice flour feelings\", but were misled by deliberately switched currency units and high-sounding reasons, and eventually faced losses [Source: Dabai Bubai Stock Bar Comments]. As some investors spit: \"We believe in Xiaomi's original intention, not the management's cash-out routine.\" [Source: public investor message]In the longer term, this operation of \"consuming trust\" will eventually backfire Xiaomi itself. What the capital market values most is \"integrity\". The imbalance between executives' reduction and repurchase, and the avoidance of information disclosure will gradually reduce the recognition of institutional investors and make ordinary investors lose confidence.Xiaomi wants to achieve the goal of \"the world's first mobile phone manufacturer\" and \"AIoT ecological leadership\", which can't be separated from the support of the capital market. If it loses trust, it will undoubtedly struggle [Source: Jinling Financial AI Analysis Report].Final reminder: How should ordinary investors respond?Putting aside the feelings of rice flour, from the perspective of investment, I would like to give you two core suggestions to avoid being tricked by \"word games\" again:First, don't be confused by \"superficial actions\". Whether it is repurchase or reduction, focus on \"magnitude\" rather than \"slogan\"-HK$2.5 billion repurchase vs HK$15.6 billion reduction, the negative is far greater than the positive, in this case, we must be cautious and don't blindlybargain hunting。Second, focus on fundamentals, not feelings. Xiaomi's core highlights are the breakthrough of high-end mobile phones, the profitability of automobile business and the synergy of IoT ecology. If there is no substantial progress in these businesses, it will be difficult to support the long-term rise of stock price by repurchase alone [source: 21st century business herald]. In the future, we can focus on Xiaomi's 2025 annual report, automobile business sales volume and gross profit margin data, and then decide whether to lay out.In the final analysis, there are no \"feelings\" in the capital market, only \"interests\" and \"integrity\". If Xiaomi continues to indulge in word games and consume investors' trust, even if it can alleviate the stock price pressure in the short term, it will eventually be abandoned by the market in the long run.I hope every investor can invest rationally-after all, making money is the most important thing, not paying for \"feelings\".Forward this article to remind friends who hold Xiaomi stocks and pay attention to Xiaomi to see the truth behind this repurchase and reduction!About Us:SHANGHAI<a href=\"https://laohu8.com/S/600663\">Lujiazui</a>M&A AllianceAn industrial financial cooperation organization covering the whole countryWe worked with a number ofListed Companies、large-scale<a href=\"https://laohu8.com/S/FISI\">Financial institutions</a>Investment banks, investment institutionsClosely cooperate, and strive to provide high-quality cooperation and exchange network for national outstanding enterprises and global investment institutionsProvide professional mergers and acquisitions, investment and financing advisors, directEquity investmentsand industryComprehensive financial services for investment.If enterprises have financing and mergers and acquisitions needs, please alsoContact us through the above contact details,The Alliance will provide project presentation or full-time financial advisory services.Our strengths:1. Relying on the huge resource network of listed companies, broad international vision, keen market sense and good industry relations, the platform has in-depth cooperation with more than 30 domestic listed companies and first-class financial institutions at home and abroad.Guarantee the source of project funding.2. The alliance relies on Xianglong Investment Management Company, and its accounting firms and law firms, which can provide enterprise financing M&A projectsFull professional consulting, financial and legal services.3. The Alliance has in-depth cooperation with professional financial advisory institutions for many years,Has extensive project experience.Shanghai Lujiazui M&A Alliance is your trustworthy partner!Thank you for your support to Shanghai Lujiazui M&A Alliance. We have established this alliance with many domestic listed companies, large investment banks, M&A funds, investment institutions, banks, trusts, lawyers, accountants and other professionals.If you needRelease project information or contact us for freePlease email LJZ8868XM@126.com for review.Please scan the QR code below to enter WeChat groupGroup Friend Address BookSend to the group ownerVerification informationAfter waiting to pull the group (Verification information: City, Company, Title）。</article></body></html>","source":"tencent","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>Fryer! Xiaomi Hong Kong Dollar Repurchase VS US Dollar Reduction: Executives Cash Out Huge, How Many Investors Do Word Games Cheat?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFryer! Xiaomi Hong Kong Dollar Repurchase VS US Dollar Reduction: Executives Cash Out Huge, How Many Investors Do Word Games Cheat?\n</h2>\n<h4 class=\"meta\">\n\n上海陆家嘴并购...2026-02-04 23:49\n\n</h4>\n</header>\n<article>\n<html><body><article><img src=\"https://fid-75186.picgzc.qpic.cn/20260204235131423v152x7cokeuf5tf\"/>On February 3,<a href=\"https://laohu8.com/S/XIACY\">Millet</a>share pricedrop belowThe key defense line of HK$ 35 closed at HK$ 34.6, falling for three consecutive days, and its market value continued to shrink below HK$ 900 billion.There was a wail in the stock bar, and some investors showed screenshots of losses of hundreds of thousands or nearly one million, while begging the company to increaseRepurchaseStrength, while denouncing executives' reduction of holdings as \"cold people's hearts\".<img src=\"https://fid-75186.picgzc.qpic.cn/20260204235150978v152q1cfhq6hqi4\"/>The focus of all these contradictions is focused on<a href=\"https://laohu8.com/S/01810\">Millet</a>Recently, there are two seemingly opposing capital operations-on the one hand, intensive Hong Kong dollar repurchase, which claims to \"maintain stable stock price and show confidence\" in a high profile; On one side is the huge dollar reduction of core executives, setting a record<a href=\"https://laohu8.com/S/81810\">Millet</a>The largest cash-out record in history.The lawyer admits that from the legal point of view, both operations are flawless [comprehensive public lawyer interpretation].However, at the market level, this drama of \"left-handed repurchase and right-handed reduction\", coupled with deliberately switched currency units and high-sounding reasons for reduction, is more like a carefully designed word game, which allows professionals to see through the core and confuses ordinary investors.Core Showdown: 2.5 billion Hong Kong dollars repurchase vs. 2 billion US dollars reduction, the gap is more than currencyFirst, set out the two sets of key data clearly, and understand the disparity at a glance — —On the repurchase side, on 22 January 2026, Xiaomi announced the launch of an automaticShare RepurchaseThe plan, the subject matter is Class B ordinary shares, and all repurchased shares will be cancelled. The plan will start on January 23rd and will be valid until the day before the annual general meeting or the quota is exhausted [source: 21st century business herald].<img src=\"https://mmbiz.qpic.cn/sz_mmbiz_png/v2VAOZiaVZxOm5TRaL9Ht66oGgsDXKCnccxTFqWYCtWAnYibTG2iabAuV0ShhxH84u9xKPfNgs2ib6dpvIqPbbB6GA/640?wx_fmt=png&from=appmsg\"/>This is not Xiaomi's first shot. From September 29, 2025 to January 22, 2026, Xiaomi has accumulated 44 repurchases at a cost of about 7.464 billion yuan; Since the beginning of 2026, the number of repurchases has reached 14 times, with a cumulative cost of HK$2.39 billion. On January 26th alone, HK$140 million was spent to repurchase 3.9872 million shares [source: 21st century business herald, securities times].On the reduction end, on December 28, 2025, Lin Bin, co-founder and vice chairman of Xiaomi (one of the \"Seven Musketeers\" of entrepreneurship and once the \"No.2 Person\" of Xiaomi) announced that he planned to sell no more than 500 million USD of Class B shares every 12 months from December 2026, with a cumulative reduction limit of 2 billion USD [source: Economic Herald].<img src=\"https://fid-75186.picgzc.qpic.cn/20260204235232432v1522wb1izm61eb\"/>Currentexchange rateConverted, US$2 billion is about HK$15.6 billion, which is 6.24 times of the repurchase amount of HK$2.5 billion [source: Economic Herald]. What's more noteworthy is that this is not the first time that Lin Bin has reduced his holdings-in June 2024, he reduced his holdings by 10 million shares and cashed out about HK$179 million, at that time on the grounds of \"charitable charity donation\" [source: Economic Herald].On the one hand, it is the \"small amount and high frequency\" Hong Kong dollar repurchase, which is good for high-profile release; On the one hand, the \"huge installment\" dollar reduction, low-key cash out and leave the market.This strong contrast inevitably makes the market question: Is the so-called \"maintaining stable stock price\" true confidence or a smoke bomb to hide others?Three doubts that the law is flawless, but the market logic does not make senseA number of capital market lawyers have publicly stated that Xiaomi's repurchase and Lin Bin's reduction are in line with<a href=\"https://laohu8.com/S/00388\">HKEX</a>The rules and regulatory requirements of listed companies, the information disclosure is complete, and no flaws can be found from the legal level [comprehensive public lawyer's interpretation]. However, outside the legal framework, three core doubts can't be avoided.Doubt 1: Can the reason for reducing holdings \"setting up an investment fund\" convince the public?Lin Bin's reason for the reduction is that \"the proceeds from the reduction are mainly used to set up investment fund companies\", and at the same time, he stated that \"he is full of confidence in the group's business prospects and will serve the group for a long time\" [Source: 21st century business herald].But the market doesn't buy it. Some financial bloggers questioned that the establishment of an investment fund may not necessarily require a huge amount of cash-by the end of the third quarter of 2025, Xiaomi's cash reserve reached 236.7 billion yuan. If Lin Bin really wants to lay out related investments, he can cooperate at the company level instead of reducing his personal shareholding on a large scale [source: public financial bloggers' views].More importantly, executive reduction has always been seen as a signal of \"voting with your feet\". As a core member who has accompanied Lei Jun for 16 years, Lin Bin knows Xiaomi's real business situation better than ordinary investors-the progress of high-end mobile phones, the profit prospect of automobile business and the bottleneck of IoT ecological growth. At this time, choosing a huge amount of reduction will inevitably make the market<a href=\"https://laohu8.com/S/00992\">Lenovo</a>\"Do you see risks that ordinary people can't see internally?\" [Source: Sina Financial Review].Doubt 2: Is currency unit switching a word game?This is the most criticized point, and it also fits the judgment of \"Xiaomi likes to play word games\" mentioned by users.When Xiaomi disclosed the repurchase, it deliberately used \"Hong Kong dollar\" as the unit-HK$ 2.5 billion. For ordinary investors, the intuitive feeling was \"billions of generous money\"; However, when Lin Bin was disclosed to reduce his holdings, he used \"US dollars\" as the unit-2 billion US dollars. If it is not converted into Hong Kong dollars, it is difficult to intuitively feel the disparity between it and repurchase [source: Economic Herald].Some netizens spit that this deliberate switching of monetary units is essentially \"misleading investors\": retail investors who don't know the truth may only see \"repurchase benefits\", but ignore the core fact that \"reduction of holdings is far more negative than positive\" [source: Economic Herald]. Although some insiders argue that enterprises can choose to disclose currency units independently, this move is to stabilize confidence, but this disclosure method of \"avoiding the important and taking the light\" undoubtedly consumes the trust of investors [source: Economic Herald].Doubt 3: Why does the repurchase \"support plate\" fall more and more?Xiaomi's original intention of repurchase was interpreted as \"coping with the decline in share price and demonstrating value recognition\"-as of January 22, 2026, Xiaomi's share price fell 42.65% from its all-time high of HK$61.45 in June 2025, almost giving up its full-year gain, and the P/E (TTM) was about 19.22 times, lower than<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, considered \"undervalued\" [source: 21st Century Business Herald].But the fact is that intensive buybacks have not prevented the stock price from falling: since the beginning of 2026, Xiaomi's share price has fallen from around HK$ 39 to HK$ 34, and many lines of defense such as 35, 36 and 37 have fallen one after another [source: Dabaibubai].The core reason is that the \"strength\" of repurchase is far less than the \"lethality\" of reduction, and the market is worried about Xiaomi's fundamentals. On the one hand, the repurchase of HK$2.5 billion is more like a drop in the bucket than the reduction of HK$15.6 billion; On the other hand, the rising cost of global memory chips has squeezed the gross profit margin of the mobile phone business. Although the automobile business has improved, it has not yet achieved a stable profit, and the high-end transformation is still facing<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>Apple's squeeze [source: 21st century business herald].Millet's market scandals and rumors in those years, the routine has never changedThis word game of \"repurchase vs reduction\" is not the first time that Xiaomi has caused market controversy.Looking back in recent years, Xiaomi has been frequently plagued by various market scandals, and its rumor refusal and public relations operations have always been characterized by \"fuzziness, avoiding the important and taking the light\", which is similar to this switching of currency units.Scandal 1: Xiaomi SU7 was denied insurance by insurance companies?In April 2025, rumors circulated on social platforms that \"Xiaomi SU7 was refused insurance by many insurance companies\" and \"the accident rate was several times that of models at the same price\", which caused panic among car owners and dragged down the short-term decline of Xiaomi's share price [source: Guangming.com].Millet urgently refutes rumors, jointly<a href=\"https://laohu8.com/S/01339\">PICC</a>Ping An,<a href=\"https://laohu8.com/S/601099\">Pacific Ocean</a>When the five major cooperative insurance companies confirmed that they had never issued a notice of refusal of insurance, the online documents were forged, and the case had been reported to the public security organs [source: Guangming.com]. Insurance companies also responded that the increase in premiums was related to the accident of vehicles last year, and there was no unified policy of refusing insurance [source: Guangming.com].Although this rumor was timely, Xiaomi did not disclose the specific accident data of SU7, and only responded with \"false rumors\", which failed to completely dispel market doubts-it was not until the sales data of subsequent quarters were disclosed that SU7 continued to sell well that this controversy gradually subsided.Scandal 2: Overseas business blocked and high-end failure?In recent years, rumors about the contraction of Xiaomi's overseas market and the stagnation of high-end transformation are common, and there is even news that \"Xiaomi will withdraw from the European high-end market\" [comprehensive public rumors].Xiaomi officials did not directly respond to such rumors, but indirectly refuted the rumors by releasing financial report data: in Q2, 2025, Xiaomi's global smartphone shipments increased by 12% year-on-year, and its European market share reached 23.4%, surpassing Apple for the first time and entering the second place in the region; The sales volume of overseas high-end mobile phones (priced at ≥4,000 yuan) accounted for 27.6%, a year-on-year increase of 10 percentage points [Source: Jinling Financial AI Analysis Report].However, the hidden worries behind the rumors have not disappeared: the average selling price (ASP) of Xiaomi's overseas mobile phones is still lower than that in China. In 2024, the overseas ASP is about 639 yuan, and the domestic ASP is about 890 yuan. High-end is still facing the problem of \"imbalance between volume and price\"; At the same time, European antitrust investigations and Indian supply chain localization requirements also put pressure on overseas businesses [Source: Jinling Financial AI Analysis Report].Scandal 3: tight cash flow, repurchase \"tearing down the east wall to make up the west wall\"?With Xiaomi's frequent repurchase and continuous investment in automobile business, there are rumors that \"Xiaomi's cash flow is tight, and the repurchase funds come from financing, not its own funds\" [comprehensive public rumors].Xiaomi responded through its financial report. By the end of the third quarter of 2025, its cash reserves reached 236.7 billion yuan, which was enough to support repurchase and business investment, and the repurchase funds were all its own funds [source: 21st century business herald]. However, what the market questions is why the repurchase amount is only 1/6 of the reduction amount when the cash flow is sufficient, which inevitably makes people suspect that \"repurchase is just a show\" [source: public investor discussion].Deep review: Who did Xiaomi's \"capital routine\" hurt?Whether it is this \"Hong Kong dollar repurchase + US dollar reduction\" or past scandals and rumors, Xiaomi's core operating logic is always the same: appeasing the market with \"superficial benefits\" and avoiding disputes with \"word games\", but always avoiding the core issues that the market is most concerned about.For professional investors, they can see through the essence at a glance: the huge reduction of executives is essentially a cautious expectation of the company's long-term growth; The insufficient repurchase shows that the management doesn't really think that the stock price is seriously undervalued, but more to alleviate market panic and maintain a decent valuation.For ordinary investors and rice noodle shareholders, this routine hurts the most. Many people bought millet stocks because of \"rice flour feelings\", but were misled by deliberately switched currency units and high-sounding reasons, and eventually faced losses [Source: Dabai Bubai Stock Bar Comments]. As some investors spit: \"We believe in Xiaomi's original intention, not the management's cash-out routine.\" [Source: public investor message]In the longer term, this operation of \"consuming trust\" will eventually backfire Xiaomi itself. What the capital market values most is \"integrity\". The imbalance between executives' reduction and repurchase, and the avoidance of information disclosure will gradually reduce the recognition of institutional investors and make ordinary investors lose confidence.Xiaomi wants to achieve the goal of \"the world's first mobile phone manufacturer\" and \"AIoT ecological leadership\", which can't be separated from the support of the capital market. If it loses trust, it will undoubtedly struggle [Source: Jinling Financial AI Analysis Report].Final reminder: How should ordinary investors respond?Putting aside the feelings of rice flour, from the perspective of investment, I would like to give you two core suggestions to avoid being tricked by \"word games\" again:First, don't be confused by \"superficial actions\". Whether it is repurchase or reduction, focus on \"magnitude\" rather than \"slogan\"-HK$2.5 billion repurchase vs HK$15.6 billion reduction, the negative is far greater than the positive, in this case, we must be cautious and don't blindlybargain hunting。Second, focus on fundamentals, not feelings. Xiaomi's core highlights are the breakthrough of high-end mobile phones, the profitability of automobile business and the synergy of IoT ecology. If there is no substantial progress in these businesses, it will be difficult to support the long-term rise of stock price by repurchase alone [source: 21st century business herald]. In the future, we can focus on Xiaomi's 2025 annual report, automobile business sales volume and gross profit margin data, and then decide whether to lay out.In the final analysis, there are no \"feelings\" in the capital market, only \"interests\" and \"integrity\". If Xiaomi continues to indulge in word games and consume investors' trust, even if it can alleviate the stock price pressure in the short term, it will eventually be abandoned by the market in the long run.I hope every investor can invest rationally-after all, making money is the most important thing, not paying for \"feelings\".Forward this article to remind friends who hold Xiaomi stocks and pay attention to Xiaomi to see the truth behind this repurchase and reduction!About Us:SHANGHAI<a href=\"https://laohu8.com/S/600663\">Lujiazui</a>M&A AllianceAn industrial financial cooperation organization covering the whole countryWe worked with a number ofListed Companies、large-scale<a href=\"https://laohu8.com/S/FISI\">Financial institutions</a>Investment banks, investment institutionsClosely cooperate, and strive to provide high-quality cooperation and exchange network for national outstanding enterprises and global investment institutionsProvide professional mergers and acquisitions, investment and financing advisors, directEquity investmentsand industryComprehensive financial services for investment.If enterprises have financing and mergers and acquisitions needs, please alsoContact us through the above contact details,The Alliance will provide project presentation or full-time financial advisory services.Our strengths:1. Relying on the huge resource network of listed companies, broad international vision, keen market sense and good industry relations, the platform has in-depth cooperation with more than 30 domestic listed companies and first-class financial institutions at home and abroad.Guarantee the source of project funding.2. The alliance relies on Xianglong Investment Management Company, and its accounting firms and law firms, which can provide enterprise financing M&A projectsFull professional consulting, financial and legal services.3. The Alliance has in-depth cooperation with professional financial advisory institutions for many years,Has extensive project experience.Shanghai Lujiazui M&A Alliance is your trustworthy partner!Thank you for your support to Shanghai Lujiazui M&A Alliance. We have established this alliance with many domestic listed companies, large investment banks, M&A funds, investment institutions, banks, trusts, lawyers, accountants and other professionals.If you needRelease project information or contact us for freePlease email LJZ8868XM@126.com for review.Please scan the QR code below to enter WeChat groupGroup Friend Address BookSend to the group ownerVerification informationAfter waiting to pull the group (Verification information: City, Company, Title）。</article></body></html>\n<div class=\"bt-text\">\n\n\n source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260204235311a6d37b32&s=b\">上海陆家嘴并购...</a>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) 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ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260204235311a6d37b32&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2609008395","content_text":"2月3日，小米股价跌破35港元关键防线，收于34.6港元，连续三日下跌，市值持续缩水至9000亿港元以下。股吧里一片哀嚎，有投资者晒出亏损几十万、近百万的截图，一边哀求公司加大回购力度，一边痛斥高管减持“寒了人心”。这一切的矛盾焦点，都集中在小米近期两大看似对立的资本操作上——一边是密集的港元回购，高调宣称“维稳股价、彰显信心”；一边是核心高管的美元巨量减持，创下小米史上最大规模套现纪录。律师坦言，从法律层面看，两项操作均无瑕疵[综合公开律师解读]。但在市场层面，这场“左手回购、右手减持”的大戏，配上刻意切换的货币单位、冠冕堂皇的减持理由，更像一场精心设计的文字游戏，让专业人士看穿核心，让普通投资者陷入困惑。核心对决：25亿港元回购VS20亿美元减持，差距不止货币先把两组关键数据摆清楚，一眼看懂悬殊差距——回购端，2026年1月22日，小米公告启动不超过25亿港元的自动股份回购计划，标的为B类普通股，所有回购股份将注销，计划自1月23日启动，有效期至股东周年大会前一日或用完额度[来源：21世纪经济报道]。这并非小米首次出手，2025年9月29日至2026年1月22日，小米已累计回购44次，耗资约74.64亿元人民币；2026年开年至今，回购次数达14次，累计耗资23.9亿港元，仅1月26日一天就砸下1.4亿港元回购398.72万股[来源：21世纪经济报道、证券时报]。减持端，2025年12月28日，小米联合创始人、副董事长林斌（创业“七剑客”之一，曾是小米“二号人物”）公告，计划自2026年12月起，每12个月出售不超过5亿美元的B类股份，累计减持上限20亿美元[来源：经济导报]。按现行汇率换算，20亿美元约合156亿港元，是此次25亿港元回购额度的6.24倍[来源：经济导报]。更值得注意的是，林斌并非首次减持——2024年6月，他曾减持1000万股，套现约1.79亿港元，当时理由是“慈善公益捐赠”[来源：经济导报]。一边是“小额高频”的港元回购，高调释放利好；一边是“巨量分期”的美元减持，低调套现离场。这种强烈反差，难免让市场质疑：所谓的“维稳股价”，到底是真信心，还是掩人耳目的烟雾弹？法律无瑕疵，但市场逻辑说不通的三大疑点多位资本市场律师公开表示，小米的回购与林斌的减持，均符合港交所规则及上市公司监管要求，信息披露完整，从法律层面找不到任何瑕疵[综合公开律师解读]。但跳出法律框架，三个核心疑点始终无法回避。疑点一：减持理由“成立投资基金”，能否服众？林斌给出的减持理由是“减持所得主要用于成立投资基金公司”，同时表态“对集团业务前景充满信心，将长期服务于集团”[来源：21世纪经济报道]。但市场并不买账。有财经博主质疑，成立投资基金未必需要巨量套现——截至2025年三季度末，小米现金储备达2367亿元，若林斌真要布局关联投资，完全可通过公司层面合作，而非大规模减持个人持股[来源：公开财经博主观点]。更关键的是，高管减持向来被视为“用脚投票”的信号。作为陪伴雷军创业16年的核心成员，林斌比普通投资者更了解小米的真实经营状况——手机高端化进展、汽车业务盈利前景、IoT生态增长瓶颈，他都了如指掌。此时选择巨量减持，难免让市场联想“是不是内部看到了普通人看不到的风险”[来源：新浪财经评论]。疑点二：货币单位切换，是不是文字游戏？这是最受诟病的一点，也贴合用户提到的“小米喜欢玩文字游戏”的判断。小米披露回购时，刻意使用“港元”作为单位——25亿港元，对于普通投资者而言，直观感受是“数十亿级别的大手笔”；而披露林斌减持时，却改用“美元”作为单位——20亿美元，若不换算成港元，很难直观感受到其与回购的悬殊差距[来源：经济导报]。有网民吐槽，这种货币单位的刻意切换，本质是“误导投资者”：不明真相的散户可能只看到“回购利好”，却忽略了“减持利空远超利好”的核心事实[来源：经济导报]。虽有业内人士辩解，企业可自主选择披露货币单位，此举是为了稳定信心，但这种“避重就轻”的披露方式，无疑消耗了投资者的信任[来源：经济导报]。疑点三：回购“护盘”为何越护越跌？小米的回购初衷，被解读为“应对股价下跌、彰显价值认可”——截至2026年1月22日，小米股价较2025年6月的历史高点61.45港元下跌42.65%，几乎回吐全年涨幅，市盈率（TTM）约19.22倍，低于苹果、特斯拉，被认为“估值低估”[来源：21世纪经济报道]。但事实是，密集回购并未阻止股价下跌：2026年开年至今，小米股价从39港元左右跌至34港元区间，35、36、37等多道防线接连失守[来源：大白不白]。核心原因的在于，回购的“力度”远不及减持的“杀伤力”，且市场对小米的基本面存在担忧。一方面，25亿港元回购相对于156亿港元减持，更像“杯水车薪”；另一方面，全球存储芯片成本上涨，挤压手机业务毛利率，汽车业务虽有起色但尚未稳定盈利，高端化转型仍面临三星、苹果的挤压[来源：21世纪经济报道]。小米那些年的市场绯闻与辟谣，套路从未变过此次“回购vs减持”的文字游戏，并非小米首次引发市场争议。回顾近年，小米频繁被各类市场绯闻缠身，而其辟谣与公关操作，始终带着“模糊化、避重就轻”的特点，与此次的货币单位切换异曲同工。绯闻1：小米SU7被保险公司拒保？2025年4月，社交平台流传“小米SU7被多家保险公司拒保”“出险率是同价位车型数倍”的谣言，引发车主恐慌，也拖累小米股价短期下跌[来源：光明网]。小米紧急辟谣，联合人保、平安、太平洋等五大合作保险公司确认，从未出具过拒保通知，网传文件系伪造，且已向公安机关报案[来源：光明网]。保险公司也回应，保费上涨与车辆上年出险情况相关，无统一拒保政策[来源：光明网]。此次辟谣虽及时，但小米并未公开SU7的具体出险数据，仅以“谣言不实”回应，未能完全打消市场疑虑——直到后续多个季度的销量数据披露，SU7持续热销，这一争议才逐渐平息。绯闻2：海外业务受阻、高端化失败？近年，关于小米海外市场收缩、高端化转型停滞的传闻屡见不鲜，甚至有消息称“小米将退出欧洲高端市场”[综合公开传闻]。小米官方并未直接回应此类传闻，而是通过发布财报数据间接辟谣：2025年Q2，小米全球智能手机出货量同比增长12%，欧洲市场份额达23.4%，首次超越苹果，进入区域第二；海外高端手机（售价≥4000元）销量占比达27.6%，同比提升10个百分点[来源：金灵金融AI分析报告]。但传闻背后的隐忧并未消失：小米海外手机平均售价（ASP）仍低于国内，2024年海外ASP约639元，国内约890元，高端化仍面临“量价失衡”的问题；同时，欧洲反垄断调查、印度供应链本地化要求等，也给海外业务带来压力[来源：金灵金融AI分析报告]。绯闻3：现金流紧张，回购“拆东墙补西墙”？随着小米频繁回购、汽车业务持续投入，有传闻称“小米现金流紧张，回购资金来自融资，而非自有资金”[综合公开传闻]。小米通过财报回应，截至2025年三季度末，现金储备达2367亿元，足以支撑回购及业务投入，且回购资金均为自有资金[来源：21世纪经济报道]。但市场质疑的是，为何在现金流充足的情况下，回购额度仅为减持额度的1/6，难免让人怀疑“回购只是做样子”[来源：公开投资者讨论]。深度复盘：小米的“资本套路”，伤了谁？无论是此次的“港元回购+美元减持”，还是过往的绯闻与辟谣，小米的核心操作逻辑始终一致：用“表面利好”安抚市场，用“文字游戏”规避争议，却始终回避市场最关心的核心问题。对于专业投资者而言，一眼就能看穿本质：高管巨量减持，本质是对公司长期增长的谨慎预期；回购力度不足，说明管理层并非真的认为股价被严重低估，更多是为了缓解市场恐慌，维持估值体面。而对于普通投资者、米粉股东而言，这种套路最伤人。很多人因为“米粉情怀”买入小米股票，却被刻意切换的货币单位、冠冕堂皇的理由误导，最终面临亏损[来源：大白不白股吧评论]。正如有投资者吐槽：“我们信的是小米的初心，而不是管理层的套现套路。”[来源：公开投资者留言]更长远来看，这种“消耗信任”的操作，终将反噬小米自身。资本市场最看重的是“诚信”，高管减持与回购的失衡、信息披露的避重就轻，会逐渐降低机构投资者的认可度，也会让普通投资者失去信心。而小米想要实现“全球第一手机厂商”“AIoT生态领先”的目标，离不开资本市场的支持，失去信任，无疑会举步维艰[来源：金灵金融AI分析报告]。最后提醒：普通投资者该如何应对？抛开米粉情怀，单纯从投资角度出发，给大家两个核心建议，避免再被“文字游戏”套路：第一，不被“表面动作”迷惑。无论是回购还是减持，重点看“量级”而非“口号”——25亿港元回购vs156亿港元减持，利空远大于利好，这种情况下，务必保持谨慎，不要盲目抄底。第二，聚焦基本面，而非情怀。小米的核心看点的是手机高端化突破、汽车业务盈利、IoT生态协同效应，若这些业务没有实质性进展，仅凭回购很难支撑股价长期上涨[来源：21世纪经济报道]。后续可重点关注小米2025年年报、汽车业务销量及毛利率数据，再决定是否布局。说到底，资本市场没有“情怀”可言，只有“利益”与“诚信”。小米若继续沉迷于文字游戏、消耗投资者信任，即便短期能缓解股价压力，长期来看，终将被市场抛弃。希望每一位投资者都能理性投资——毕竟，赚钱才是最重要的，而非为“情怀”买单。转发这篇文章，提醒身边持有小米股票、关注小米的朋友，看清这场回购与减持背后的真相！关于我们：上海陆家嘴并购联盟一个覆盖全国的产业金融合作组织我们与多家上市公司、大型金融机构、投资银行、投资机构密切合作，致力于为全国优秀的企业与全球投资机构高质量的合作交流网络并为企业提供专业的兼并收购、投融资顾问、直接股权投资与产业投资的综合性金融服务。若企业有融资、并购的需求，也敬请通过以上的联系方式与我们联系，本联盟将会提供项目推介或是全程财务顾问服务。我们的优势：1.平台依托庞大的上市公司资源网络，广阔的国际视野、敏锐的市场嗅觉以及良好的业内关系，与国内三十多家上市公司、境内外一流金融机构深度合作，保障项目资金来源。2.联盟依托于相龙投资管理公司，及其旗下的会计师事务所与律师事务所，能够为企业融资并购项目提供全程专业的咨询、财务与法律服务。3.联盟多年与专业的财务咨询机构的深度合作，拥有丰富的项目经验。上海陆家嘴并购联盟是您值得托付信赖的合作伙伴！感谢对上海陆家嘴并购联盟的支持，我们联合国内多家上市公司、大型投行、并购基金、投资机构、银行、信托、律师、会计师等专业人士成立本联盟。如果您需要免费发布项目信息或联系我们请发邮件到LJZ8868XM@126.com审核。微信群请先扫描下方二维码进入群友通讯录，向群主发送验证信息后等待拉群(验证信息：城市、公司、职务）。","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"MIUmain":0.6,"XIACY":1.98,"01810":1.98}},"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":528329631646952,"gmtCreate":1770008775463,"gmtModify":17700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href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","text":"$XIAOMI-W(01810)$","images":[{"img":"https://community-static.tradeup.com/news/b2c82f6772b33389eae909db9b2005e4","width":"1280","height":"1593"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":5,"link":"https://ttm.financial/post/525787000161392","isVote":1,"tweetType":1,"viewCount":857,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":521653422575920,"gmtCreate":1768391996188,"gmtModify":1768391999921,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"Morgan Stanley?&nbsp;","listText":"Morgan Stanley?&nbsp;","text":"Morgan Stanley?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521653422575920","repostId":"2603661886","repostType":2,"repost":{"id":"2603661886","kind":"highlight","weMediaInfo":{"introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"media_name":"MT Newswires Live","id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"pubTimestamp":1768391005,"share":"https://ttm.financial/m/news/2603661886?lang=en_US&edition=fundamental","pubTime":"2026-01-14 19:43","market":"sh","language":"en","title":"Morgan Stanley Lowers Price Target on JD.com to $24 From $28, Keeps Underweight Rating","url":"https://stock-news.laohu8.com/highlight/detail?id=2603661886","media":"MT Newswires Live","summary":"JD.com (JD) has an average rating of overweight and mean price target of $40.67, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from major banks a","content":"<html><body> <a href=\"https://laohu8.com/S/JD\">JD</a>.com (JD) has an average rating of overweight and mean price target of $40.67, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</body></html>","source":"mtnewswires_news","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>Morgan Stanley Lowers Price Target on JD.com to $24 From $28, Keeps Underweight Rating</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\">\nMorgan Stanley Lowers Price Target on JD.com to $24 From $28, Keeps Underweight Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nMT Newswires Live \n2026-01-14 19:43\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body> <a href=\"https://laohu8.com/S/JD\">JD</a>.com (JD) has an average rating of overweight and mean price target of $40.67, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89618":"京东集团-SWR","BK4551":"寇图资本持仓","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4509":"腾讯概念","BK1610":"ETF&股票定投概念","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","BK1575":"同股不同权","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU0140636845.USD":"施罗德大中华区股票A Acc","09618":"京东集团-SW","BK4503":"景林资产持仓","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0588545904.SGD":"Eastspring Investments - 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Templeton China A Acc SGD","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0431992006.USD":"摩根大通新兴市场机会A（acc）","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU0469268626.HKD":"AB FCP I-ASIA EX JAPAN EQUITY PTF(AD","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","JD":"京东","LU1044875133.USD":"天利亚洲反向股票 AU Acc","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","BK4585":"ETF&股票定投概念","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0259732245.USD":"EASTSPRING INVESTMENTS DRAGON PEACOCK A","BK1591":"就地过年概念","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0828237510.HKD":"SCHRODER ISF BIC (BRAZ IN CH)\"A\" (HKD) ACC","LU0672654166.SGD":"FTIF - 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Research providers may contact us here: https://www.mtnewswires.com/contact-us)","news_type":1,"symbols_score_info":{"89618":0.6,"JD":1.96,"09618":1.96}},"isVote":1,"tweetType":1,"viewCount":813,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521284856079696,"gmtCreate":1768295142826,"gmtModify":1768295146449,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a> smic came down today so did Xiaomi. does it mean xring 2 is going to be released soon?","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a> smic came down today so did Xiaomi. does it mean xring 2 is going to be released soon?","text":"$XIAOMI-W(01810)$ smic came down today so did Xiaomi. does it mean xring 2 is going to be released soon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521284856079696","isVote":1,"tweetType":1,"viewCount":1012,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521248196477072,"gmtCreate":1768286255973,"gmtModify":1768286259287,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a> only time will prove that you are deploying correctly in the ecosystem&nbsp;","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a> only time will prove that you are deploying correctly in the ecosystem&nbsp;","text":"$XIAOMI-W(01810)$ only time will prove that you are deploying correctly in the ecosystem","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/521248196477072","isVote":1,"tweetType":1,"viewCount":902,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":520072308937600,"gmtCreate":1768019047093,"gmtModify":1768019050533,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","text":"$XIAOMI-W(01810)$","images":[{"img":"https://community-static.tradeup.com/news/734cc7aab3f3bbe014dc8ba7653b21d5","width":"1280","height":"1481"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/520072308937600","isVote":1,"tweetType":1,"viewCount":1315,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":519842721182312,"gmtCreate":1767949904548,"gmtModify":1767949909695,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a> market manipulation as always","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a> market manipulation as always","text":"$Alibaba(BABA)$ market manipulation as always","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/519842721182312","isVote":1,"tweetType":1,"viewCount":821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":519577767834192,"gmtCreate":1767885218226,"gmtModify":1767885221579,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a> so much manipulation in the market","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$&nbsp;</a> so much manipulation in the market","text":"$Alibaba(BABA)$ so much manipulation in the market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/519577767834192","isVote":1,"tweetType":1,"viewCount":778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":519456626000344,"gmtCreate":1767854861809,"gmtModify":1767854864982,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a> I want to buy a Xiaomi robot. I only trust Xiaomi","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a> I want to buy a Xiaomi robot. I only trust Xiaomi","text":"$XIAOMI-W(01810)$ I want to buy a Xiaomi robot. I only trust Xiaomi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/519456626000344","isVote":1,"tweetType":1,"viewCount":971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":519434660946104,"gmtCreate":1767849498564,"gmtModify":1767849501924,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a> Xiaomi updated robots will be launched this year. Should I buy one for my home?","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a> Xiaomi updated robots will be launched this year. Should I buy one for my home?","text":"$XIAOMI-W(01810)$ Xiaomi updated robots will be launched this year. Should I buy one for my home?","images":[{"img":"https://community-static.tradeup.com/news/cf77de28c5d08e10ccee373c762729f3","width":"1280","height":"683"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":39,"commentSize":1,"repostSize":344,"link":"https://ttm.financial/post/519434660946104","isVote":1,"tweetType":1,"viewCount":7895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":519418421236296,"gmtCreate":1767834149532,"gmtModify":1767834152811,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","text":"$XIAOMI-W(01810)$","images":[{"img":"https://community-static.tradeup.com/news/224105bd4765292fc3a47ef34d1e3de0","width":"1280","height":"1680"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/519418421236296","isVote":1,"tweetType":1,"viewCount":780,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570232450402735","authorId":"3570232450402735","name":"Genx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"idStr":"3570232450402735","authorIdStr":"3570232450402735"},"content":"we will most likely see the stock going down... underperformance of tech in hk china","text":"we will most likely see the stock going down... underperformance of tech in hk china","html":"we will most likely see the stock going down... underperformance of tech in hk china"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":519136700707336,"gmtCreate":1767765365668,"gmtModify":1767765370366,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","text":"$XIAOMI-W(01810)$","images":[{"img":"https://community-static.tradeup.com/news/85d48dbf8580143277f6868c07f60cde","width":"1280","height":"1933"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/519136700707336","isVote":1,"tweetType":1,"viewCount":718,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":519018299933720,"gmtCreate":1767747878965,"gmtModify":1767747882288,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$&nbsp;</a>&nbsp;","text":"$XIAOMI-W(01810)$","images":[{"img":"https://community-static.tradeup.com/news/9d2ed83e130a4fe07ff8f6866a995364","width":"1280","height":"2248"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/519018299933720","isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":518841787125904,"gmtCreate":1767693357428,"gmtModify":1767693360321,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/U/3551155462363418\">@小米公司 </a>&nbsp;","listText":"<a href=\"https://ttm.financial/U/3551155462363418\">@小米公司 </a>&nbsp;","text":"@小米公司","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/518841787125904","repostId":"2601987678","repostType":2,"repost":{"id":"2601987678","kind":"news","pubTimestamp":1767690420,"share":"https://ttm.financial/m/news/2601987678?lang=en_US&edition=fundamental","pubTime":"2026-01-06 17:07","market":"hk","language":"zh","title":"Don't be led off by Lei Jun. These are the questions he should answer","url":"https://stock-news.laohu8.com/highlight/detail?id=2601987678","media":"网通社","summary":"对此，苏州市虎丘区人民法院驳回了小米方面的诉求，但小米方面不服，再次将此案上诉至江苏省苏州市中级人民法院。而法院的最终判决，可能对小米汽车的品牌公信力产生直接影响。这一表态直面了此前小米汽车在宣传中因小字注释引发的多次争议。除了引人注目的营销争议，一些具体的产品品控问题也困扰着部分小米车主。当雷军选择回应部分争议时，这些被搁置、更为棘手的问题，反而是消费者更想知道的。","content":"<html><body><article>Netcom · CommentaryAt the beginning of 2026, Lei Jun detonated the network again with a live broadcast facing controversy.In more than four hours of live broadcast, he and engineers disassembled on site<a href=\"https://laohu8.com/S/01810\">Millet</a>YU7, and with<a href=\"https://laohu8.com/S/81810\">Millet</a>Xu Jie, General Manager of Group Public Relations Department<a href=\"https://laohu8.com/S/YJ\">gather</a>Respond to hot topics such as \"God of War in Green Belt\", \"Only one charge in 1300 kilometers\" and \"Instantaneous braking in 200 kilometers\".<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172325695d152hr791t60zxm\"/>Previously, Lei Jun once said: \"No matter what happens, Xiaomi will not avoid it\".However, a closer look at the whole live broadcast shows that Lei Jun's response to some substantive product and service issues that car owners and the public are concerned about does not seem to have fully touched the core.Question 1: What is the progress of the lawsuit over the alleged false propaganda of carbon fiber machine covers?Behind the buzz of the live broadcast, Xiaomi Auto still faces some serious legal challenges.Among them, the consumer litigation case caused by the dispute over the function of the carbon fiber dual air duct front hatch of Xiaomi SU7 Ultra is one of the key outstanding issues.Some car owners pointed out that they spent 42,000 yuan to install the cover, believing in the official description of completely replicating the prototype with aerodynamic functions. However, after picking up the car, the owner found that there was a big gap between its actual effect and propaganda, and believed that Xiaomi car was suspected of false propaganda.For this matter, although Xiaomi Auto apologized and provided a plan to replace the cover or compensate the points, it failed to satisfy all car owners, resulting in many lawsuits.<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172326613d152pkdcdckwunw\"/>According to public information, the relevant lawsuits have been heard in courts in Jiangsu, Nanjing and other places.Among them, Jiangsu Xiaomi Jingming Technology Co., Ltd. (the main sales body of Xiaomi Automobile), as the defendant, believes that the main propaganda body of Xiaomi Automobile is in Beijing headquarters, and the \"place of infringement\" is in Daxing District, Beijing, rather than in Jiangsu Xiaomi Delivery Center where the car owner signed the car purchase contract.Therefore, Xiaomi believes that the People's Court of Huqiu District, Suzhou does not have jurisdiction, and Xiaomi argues that this case should be transferred to the jurisdiction of Daxing District People's Court of Beijing. In this regard, the People's Court of Huqiu District, Suzhou rejected Xiaomi's appeal, but Xiaomi refused to accept it and appealed the case to the Intermediate People's Court of Suzhou City, Jiangsu Province again.At the end of October 2025, the Suzhou Intermediate People's Court rejected the jurisdictional objection of Xiaomi's appeal and upheld the original ruling.In fact, the core of this case lies in whether the publicity content constitutes misleading consumers to buy cars and whether the product functions are consistent with the publicity. The final judgment of the court may have a direct impact on the brand credibility of Xiaomi Automobile.In this live broadcast to the general public, Lei Jun did not give a positive explanation of the progress of the case and the core demands of consumers.The public expects Xiaomi Automobile to make a more sincere response, including positively acknowledging the gap between publicity and reality, announcing the principle of litigation response, upgrading the practical compensation plan, and rectifying the publicity and audit process from the mechanism.Question 2: How to implement the specific standards for marketing speech rectification?Xiaomi SU7 \"breaks 100 in 1.98 seconds\" was picked out with the small print annotation \"excluding starting time\" and \"2200MPa Xiaomi super steel\", and the small print reading \"project name\" caused widespread doubts...In the live broadcast, Lei Jun reflected on the \"big character marketing, small character exemption\" that had been fermented for several months, admitting that Xiaomi Automobile's previous related practices ignored users' feelings, and announced that it would immediately and comprehensively rectify, and change the small character annotations in all product promotions to eye-catching large character displays.This statement faces many controversies caused by small print annotations in Xiaomi Automobile's previous publicity.<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172341970d152g3g2ka5bwtj\"/>The commitment to rectification is a positive signal, but the public is more concerned about whether clear and transparent implementation standards can be established and persisted.What information belongs to the key content that must be marked prominently? What kind of audit mechanism and font specification will be established within the enterprise?? What timetable will be followed for material updates of online and offline publicity channels??? The answer and implementation of these specific questions is the core of testing the sincerity of commitment and rebuilding the integrity marketing environment.Question 3: When will the crisis of confidence caused by quality issues be resolved?In addition to the attention-grabbing marketing controversy, some specific product quality control problems also plague some Xiaomi owners.You can see a number of complaints about cracked rear taillights of Xiaomi SU7 vehicles on Car Quality Network, a third-party car quality complaint platform. For example, some car owners said that they bought the Xiaomi SU7 Pro version for only four months, and there were a lot of cracks in many places through the rear taillights.After the inspection in the store, the cracking caused by external collision and body film was excluded, and it was suggested that the tail lights might crack due to the use of strong acid and alkali substances in the lights.The owner did not recognize this, believing that it reflected the insufficient durability of the taillight material and the responsibility for after-sales prevarication.<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172403609d152cqvxyctweh0\"/>Another complaint also reflected a similar situation. The owner said that the left rear taillight of the vehicle was cracked internally, and the aftermarket said that it was caused by the corrosion of car wash liquid.These complaints collectively point to the identification standards of quality control stability and after-sales service of specific parts of Xiaomi vehicles.In addition, one<a href=\"https://laohu8.com/S/1MZ.SI\">Nanchang</a>When consumers picked up the car not long ago, they found that the trunk could not open normally, whether it was voice control, pressing physical buttons, or drilling into the trunk to try to pull the emergency handle.After the staff connected the instrument to the car computer to scan, they came to the conclusion that \"there is nothing wrong with the software\".For car owners, users should not pay for the mistakes of businesses. With a light \"no problem\", you want to cover up all defects and perfunctory all demands? A truly okay car will never have consumers verify it over and over again with safety and money.Lei Jun showed the \"solid materials\" of Xiaomi YU7 in the live broadcast, but avoided talking about many problems feedback from consumers in use. Its expression tendency is self-evident.Question 4: Why does the phenomenon of paying the final payment without picking up the car still exist?Xiaomi's sales policy, particularly the terms regarding the final payment, has also been widely controversial.In August 2025, many prospective car owners reported on social platforms that when the vehicle has not yet rolled off the assembly line and the delivery cycle may be as long as dozens of weeks, they were notified by Xiaomi Auto to pay the full balance within seven days, otherwise the order will be cancelled and the deposit will not be refunded.This is contrary to the commonly adopted practice of payment after vehicle inspection or payment after vehicle arrives at the store in the industry, and it is also considered inconsistent with Xiaomi Automobile's early commitment to support the final payment after vehicle inspection.<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172407591d152tz5f75zmhi0\"/>It is understood that after some car owners pay, the delivery time of vehicles is greatly delayed. Xiaomi automobile salesperson explained, \"It is only for users who have put forward delayed delivery or evaluated the high risk of picking up a car. For example, when handling financial installment, the degree of cooperation is low, or they have expressed the idea of not wanting to pick up a car.\"However, this statement still raises questions from users. Although Lei Jun announced positive delivery data and New Year's goals in this live broadcast, he did not respond to how to optimize sales policies and protect consumer rights and interests.Question 5: Who is responsible for an accident when assisted driving is turned on?Looking back at 2025, two high-profile traffic accidents involving Xiaomi cars have highlighted the importance of attribution of responsibility for intelligent assisted driving at a heavy cost.During the live broadcast, Lei Jun and his team also introduced the progress of assisted driving functions of Xiaomi cars, such as end-to-end assisted driving system<a href=\"https://laohu8.com/S/XIACY\">Xiaomi</a>Optimization of the HAD enhanced version.But at the same time, Lei Jun also emphasized that no matter how advanced assisted driving is, drivers should still keep their attention, and safe driving is very critical.With the improvement of automobile intelligence, the definition of responsibility in the use of assisted driving system has become the focus of common concern of the whole industry and consumers. In recent years, a number of car companies have launched \"smart driving insurance\" schemes in an attempt to provide more protection for consumers.<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172414556d152w3gloxf36rk\"/>Although Xiaomi Auto launched the \"limited-time welfare activity\" on January 5th, Xiaomi Auto users need to obtain the auto insurance renewal quotation through Xiaomi Auto APP and complete the renewal through official channels before they have the opportunity to win the \"assisted driving guarantee service\".It is worth mentioning that Xiaomi car users cannot directly purchase the service at this stage. Some insiders believe that this move is to conduct a small batch test of \"Xiaomi Automobile Official Smart Driving Insurance\" in advance through \"lottery\". Everything is question marks about when it will cover all owners, when it will be without prerequisites, and when the final version will go live.At present, Xiaomi Automobile's \"assisted driving support service\" case is still in the early stage of exploration. To what extent it can clarify the attribution of responsibility, eliminate users' doubts and clarify the specific process of claims, Lei Jun has not made any discussion or commitment.While promoting technology, clarifying the boundary of responsibility is also an important issue that Lei Jun needs to face.Write at the endSome people describe this live broadcast as \"if you want to cover it up, the more clever your words are, the clearer your traces are\", pointing directly to Lei Jun's image as a \"hypocrite\". Because, all avoided problems, or will become future costs.\"Don't use tactical diligence to cover up strategic laziness,\" Lei Jun once said. But the core concerns of the public, especially car owners who have paid their trust and money, have not dissipated by the live broadcast.The functional dispute of carbon fiber cover has entered the judicial procedure, the quality control doubts of taillight cracking have been accumulating in complaints, and the sales policy of paying the final payment in advance has caused widespread controversy... These are not online rumors, but substantive issues involving product quality control, service fairness and legal responsibility.When Lei Jun chose to respond to some controversies, these shelved and more difficult questions were what consumers wanted to know more. If the quality of products, the safety of users, and the trust between enterprises and users are still blurred outside the live broadcast camera, then even the \"sincere\" response will be difficult to repair the cracks that have already occurred. (Photo/Text&nbspNetcom&nbspWang Zhiyuan)</article></body></html>","source":"tencent","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>Don't be led off by Lei Jun. 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These are the questions he should answer\n</h2>\n<h4 class=\"meta\">\n\n网通社2026-01-06 17:07\n\n</h4>\n</header>\n<article>\n<html><body><article>Netcom · CommentaryAt the beginning of 2026, Lei Jun detonated the network again with a live broadcast facing controversy.In more than four hours of live broadcast, he and engineers disassembled on site<a href=\"https://laohu8.com/S/01810\">Millet</a>YU7, and with<a href=\"https://laohu8.com/S/81810\">Millet</a>Xu Jie, General Manager of Group Public Relations Department<a href=\"https://laohu8.com/S/YJ\">gather</a>Respond to hot topics such as \"God of War in Green Belt\", \"Only one charge in 1300 kilometers\" and \"Instantaneous braking in 200 kilometers\".<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172325695d152hr791t60zxm\"/>Previously, Lei Jun once said: \"No matter what happens, Xiaomi will not avoid it\".However, a closer look at the whole live broadcast shows that Lei Jun's response to some substantive product and service issues that car owners and the public are concerned about does not seem to have fully touched the core.Question 1: What is the progress of the lawsuit over the alleged false propaganda of carbon fiber machine covers?Behind the buzz of the live broadcast, Xiaomi Auto still faces some serious legal challenges.Among them, the consumer litigation case caused by the dispute over the function of the carbon fiber dual air duct front hatch of Xiaomi SU7 Ultra is one of the key outstanding issues.Some car owners pointed out that they spent 42,000 yuan to install the cover, believing in the official description of completely replicating the prototype with aerodynamic functions. However, after picking up the car, the owner found that there was a big gap between its actual effect and propaganda, and believed that Xiaomi car was suspected of false propaganda.For this matter, although Xiaomi Auto apologized and provided a plan to replace the cover or compensate the points, it failed to satisfy all car owners, resulting in many lawsuits.<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172326613d152pkdcdckwunw\"/>According to public information, the relevant lawsuits have been heard in courts in Jiangsu, Nanjing and other places.Among them, Jiangsu Xiaomi Jingming Technology Co., Ltd. (the main sales body of Xiaomi Automobile), as the defendant, believes that the main propaganda body of Xiaomi Automobile is in Beijing headquarters, and the \"place of infringement\" is in Daxing District, Beijing, rather than in Jiangsu Xiaomi Delivery Center where the car owner signed the car purchase contract.Therefore, Xiaomi believes that the People's Court of Huqiu District, Suzhou does not have jurisdiction, and Xiaomi argues that this case should be transferred to the jurisdiction of Daxing District People's Court of Beijing. In this regard, the People's Court of Huqiu District, Suzhou rejected Xiaomi's appeal, but Xiaomi refused to accept it and appealed the case to the Intermediate People's Court of Suzhou City, Jiangsu Province again.At the end of October 2025, the Suzhou Intermediate People's Court rejected the jurisdictional objection of Xiaomi's appeal and upheld the original ruling.In fact, the core of this case lies in whether the publicity content constitutes misleading consumers to buy cars and whether the product functions are consistent with the publicity. The final judgment of the court may have a direct impact on the brand credibility of Xiaomi Automobile.In this live broadcast to the general public, Lei Jun did not give a positive explanation of the progress of the case and the core demands of consumers.The public expects Xiaomi Automobile to make a more sincere response, including positively acknowledging the gap between publicity and reality, announcing the principle of litigation response, upgrading the practical compensation plan, and rectifying the publicity and audit process from the mechanism.Question 2: How to implement the specific standards for marketing speech rectification?Xiaomi SU7 \"breaks 100 in 1.98 seconds\" was picked out with the small print annotation \"excluding starting time\" and \"2200MPa Xiaomi super steel\", and the small print reading \"project name\" caused widespread doubts...In the live broadcast, Lei Jun reflected on the \"big character marketing, small character exemption\" that had been fermented for several months, admitting that Xiaomi Automobile's previous related practices ignored users' feelings, and announced that it would immediately and comprehensively rectify, and change the small character annotations in all product promotions to eye-catching large character displays.This statement faces many controversies caused by small print annotations in Xiaomi Automobile's previous publicity.<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172341970d152g3g2ka5bwtj\"/>The commitment to rectification is a positive signal, but the public is more concerned about whether clear and transparent implementation standards can be established and persisted.What information belongs to the key content that must be marked prominently? What kind of audit mechanism and font specification will be established within the enterprise?? What timetable will be followed for material updates of online and offline publicity channels??? The answer and implementation of these specific questions is the core of testing the sincerity of commitment and rebuilding the integrity marketing environment.Question 3: When will the crisis of confidence caused by quality issues be resolved?In addition to the attention-grabbing marketing controversy, some specific product quality control problems also plague some Xiaomi owners.You can see a number of complaints about cracked rear taillights of Xiaomi SU7 vehicles on Car Quality Network, a third-party car quality complaint platform. For example, some car owners said that they bought the Xiaomi SU7 Pro version for only four months, and there were a lot of cracks in many places through the rear taillights.After the inspection in the store, the cracking caused by external collision and body film was excluded, and it was suggested that the tail lights might crack due to the use of strong acid and alkali substances in the lights.The owner did not recognize this, believing that it reflected the insufficient durability of the taillight material and the responsibility for after-sales prevarication.<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172403609d152cqvxyctweh0\"/>Another complaint also reflected a similar situation. The owner said that the left rear taillight of the vehicle was cracked internally, and the aftermarket said that it was caused by the corrosion of car wash liquid.These complaints collectively point to the identification standards of quality control stability and after-sales service of specific parts of Xiaomi vehicles.In addition, one<a href=\"https://laohu8.com/S/1MZ.SI\">Nanchang</a>When consumers picked up the car not long ago, they found that the trunk could not open normally, whether it was voice control, pressing physical buttons, or drilling into the trunk to try to pull the emergency handle.After the staff connected the instrument to the car computer to scan, they came to the conclusion that \"there is nothing wrong with the software\".For car owners, users should not pay for the mistakes of businesses. With a light \"no problem\", you want to cover up all defects and perfunctory all demands? A truly okay car will never have consumers verify it over and over again with safety and money.Lei Jun showed the \"solid materials\" of Xiaomi YU7 in the live broadcast, but avoided talking about many problems feedback from consumers in use. Its expression tendency is self-evident.Question 4: Why does the phenomenon of paying the final payment without picking up the car still exist?Xiaomi's sales policy, particularly the terms regarding the final payment, has also been widely controversial.In August 2025, many prospective car owners reported on social platforms that when the vehicle has not yet rolled off the assembly line and the delivery cycle may be as long as dozens of weeks, they were notified by Xiaomi Auto to pay the full balance within seven days, otherwise the order will be cancelled and the deposit will not be refunded.This is contrary to the commonly adopted practice of payment after vehicle inspection or payment after vehicle arrives at the store in the industry, and it is also considered inconsistent with Xiaomi Automobile's early commitment to support the final payment after vehicle inspection.<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172407591d152tz5f75zmhi0\"/>It is understood that after some car owners pay, the delivery time of vehicles is greatly delayed. Xiaomi automobile salesperson explained, \"It is only for users who have put forward delayed delivery or evaluated the high risk of picking up a car. For example, when handling financial installment, the degree of cooperation is low, or they have expressed the idea of not wanting to pick up a car.\"However, this statement still raises questions from users. Although Lei Jun announced positive delivery data and New Year's goals in this live broadcast, he did not respond to how to optimize sales policies and protect consumer rights and interests.Question 5: Who is responsible for an accident when assisted driving is turned on?Looking back at 2025, two high-profile traffic accidents involving Xiaomi cars have highlighted the importance of attribution of responsibility for intelligent assisted driving at a heavy cost.During the live broadcast, Lei Jun and his team also introduced the progress of assisted driving functions of Xiaomi cars, such as end-to-end assisted driving system<a href=\"https://laohu8.com/S/XIACY\">Xiaomi</a>Optimization of the HAD enhanced version.But at the same time, Lei Jun also emphasized that no matter how advanced assisted driving is, drivers should still keep their attention, and safe driving is very critical.With the improvement of automobile intelligence, the definition of responsibility in the use of assisted driving system has become the focus of common concern of the whole industry and consumers. In recent years, a number of car companies have launched \"smart driving insurance\" schemes in an attempt to provide more protection for consumers.<img src=\"https://fid-75186.picgzc.qpic.cn/20260106172414556d152w3gloxf36rk\"/>Although Xiaomi Auto launched the \"limited-time welfare activity\" on January 5th, Xiaomi Auto users need to obtain the auto insurance renewal quotation through Xiaomi Auto APP and complete the renewal through official channels before they have the opportunity to win the \"assisted driving guarantee service\".It is worth mentioning that Xiaomi car users cannot directly purchase the service at this stage. Some insiders believe that this move is to conduct a small batch test of \"Xiaomi Automobile Official Smart Driving Insurance\" in advance through \"lottery\". Everything is question marks about when it will cover all owners, when it will be without prerequisites, and when the final version will go live.At present, Xiaomi Automobile's \"assisted driving support service\" case is still in the early stage of exploration. To what extent it can clarify the attribution of responsibility, eliminate users' doubts and clarify the specific process of claims, Lei Jun has not made any discussion or commitment.While promoting technology, clarifying the boundary of responsibility is also an important issue that Lei Jun needs to face.Write at the endSome people describe this live broadcast as \"if you want to cover it up, the more clever your words are, the clearer your traces are\", pointing directly to Lei Jun's image as a \"hypocrite\". Because, all avoided problems, or will become future costs.\"Don't use tactical diligence to cover up strategic laziness,\" Lei Jun once said. But the core concerns of the public, especially car owners who have paid their trust and money, have not dissipated by the live broadcast.The functional dispute of carbon fiber cover has entered the judicial procedure, the quality control doubts of taillight cracking have been accumulating in complaints, and the sales policy of paying the final payment in advance has caused widespread controversy... These are not online rumors, but substantive issues involving product quality control, service fairness and legal responsibility.When Lei Jun chose to respond to some controversies, these shelved and more difficult questions were what consumers wanted to know more. If the quality of products, the safety of users, and the trust between enterprises and users are still blurred outside the live broadcast camera, then even the \"sincere\" response will be difficult to repair the cracks that have already occurred. (Photo/Text&nbspNetcom&nbspWang Zhiyuan)</article></body></html>\n<div class=\"bt-text\">\n\n\n source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260106172440a4a2c3fb&s=b\">网通社</a>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0169518387.USD":"JPM ASIA EQUITY \"A\" ACC","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU2476274720.SGD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (SGDHDG) ACC","BK1607":"新IT概念","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC","XIACY":"小米集团ADR","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","BK1523":"武汉本地概念股","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","BK1521":"挪威政府全球养老基金持仓","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0051755006.USD":"摩根大通中国A (dist)","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0700851271.USD":"NINETY ONE GSF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0918141887.USD":"安联亚洲实际收益股票基金","BK1610":"ETF&股票定投概念","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC NC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","BK1575":"同股不同权","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","BK1506":"5G概念","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0456846285.SGD":"JPMorgan Funds - 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Templeton China A Acc SGD","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260106172440a4a2c3fb&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2601987678","content_text":"网通社·时评2026年开年，雷军以一场直面争议的直播再次引爆网络。在四个多小时的直播中，他和工程师现场拆解小米YU7，并与小米集团公关部总经理徐洁云集中回应例如“绿化带战神”“1300公里只充一次电”以及“200公里瞬时刹停”等热门话题。此前，雷军曾说：“无论发生什么，小米都不会回避”。然而，细观整场直播，对于车主和公众关切的一些实质性产品与服务问题，雷军的回应似乎并未完全触及核心。问题1：碳纤维机盖涉嫌虚假宣传引发的官司进展如何？在直播的热闹背后，小米汽车仍面临一些严肃的法律挑战。其中，由小米SU7 Ultra选装的碳纤维双风道前舱盖功能争议引发的消费者诉讼案件，就是悬而未决的关键问题之一。部分车主指出，他们花费4.2万元选装该机盖，是相信了官方宣传的完全复刻原型车、具备空气动力学功能等描述。但车主提车后发现其实际效果与宣传存在较大差距，认为小米汽车涉嫌虚假宣传。对于此事，小米汽车虽曾致歉并提供更换机盖或补偿积分的方案，但未能让所有车主满意，导致多起诉讼。根据公开信息，相关诉讼已在江苏、南京等地法院展开审理。其中，作为被告的江苏小米景明科技有限公司（小米汽车销售主体）认为小米汽车宣传主体在北京总部，“侵权行为实施地”在北京市大兴区，而并不是在车主签订购车合同的江苏小米交付中心。因此，小米方面认为苏州市虎丘区人民法院不具备管辖权，小米方面主张本案应该移送至北京市大兴区人民法院管辖。对此，苏州市虎丘区人民法院驳回了小米方面的诉求，但小米方面不服，再次将此案上诉至江苏省苏州市中级人民法院。2025年10月底，苏州市中级人民法院驳回了小米方面上诉的管辖权异议，维持原裁定。事实上，这一案件的核心在于，宣传内容是否构成误导消费者购车、产品功能是否与宣传一致。而法院的最终判决，可能对小米汽车的品牌公信力产生直接影响。在本次面向广大公众的直播中，雷军并未对此案进展及消费者的核心诉求给出正面说明。公众期待小米汽车能作出更具诚意的回应，包括正面承认宣传与实际的差距、公布诉讼应对原则、升级切实补偿方案，并从机制上整改宣传审核流程。问题2：营销话术整改的具体标准如何落实？小米SU7“1.98秒破百”被扒出小字注解“不含起步时间”、“2200MPa小米超强钢”，小字写着“项目名称”引发广泛质疑……雷军在直播中针对发酵数月的“大字营销，小字免责”进行了反思，承认小米汽车此前相关做法忽略了用户感受，并宣布将立即全面整改，把所有产品宣传中的小字注释改为醒目大字展示。这一表态直面了此前小米汽车在宣传中因小字注释引发的多次争议。承诺整改是一个积极的信号，但公众更关切的是后续能否建立明确、透明的执行标准并持之以恒。究竟哪些信息属于必须醒目标注的关键内容？企业内部将建立怎样的审核机制与字体规范？？线上、线下各宣传渠道的物料更新又将遵循何种时间表？？？这些具体问题的解答与落实，才是检验承诺诚意、重建诚信营销环境的核心所在。问题3：质量问题引发的信任危机何时解？除了引人注目的营销争议，一些具体的产品品控问题也困扰着部分小米车主。在第三方汽车质量投诉平台车质网上，可以看到多起关于小米SU7车辆后尾灯开裂的投诉。例如，有车主称，其购买仅四个月的小米SU7 Pro版，后贯穿尾灯多处出现大量裂痕。店内检查后排除了外力碰撞、车身贴膜等原因导致开裂的情况，提出可能是车灯使用了强酸碱物质导致尾灯开裂。车主对此不予认可，认为这反映了尾灯材质耐久性不足，且售后推诿责任。另一则投诉也反映了类似情况，车主表示车辆左后尾灯内部开裂，售后则称是洗车液腐蚀所致。这些投诉共同指向了小米汽车特定零部件的品控稳定性和售后服务的认定标准。另外，一位南昌的消费者前不久提车时发现，无论是用语音控制、按物理按键，还是钻到后备箱里尝试拉动应急拉手，后备箱都无法正常开启。工作人员用仪器连上汽车电脑扫描后，得出的结论却是“软件没有任何问题”。对于车主而言，用户不应该为企业的错误埋单。一句轻飘飘的“没有问题”，就想掩盖所有缺陷、敷衍所有诉求？一辆真正的没问题的车，绝不会让消费者用安全和金钱来反复验证。雷军在直播中展示了小米YU7的“扎实用料”，面对消费者在使用中反馈的诸多问题却避而不谈，其表述倾向性不言而喻。问题4：未提车就交尾款的现象为何依然存在？小米汽车的销售政策，特别是有关尾款支付的条款，也曾引发广泛争议。2025年8月，多位准车主在社交平台反映，在车辆尚未下线、交付周期可能长达数十周的情况下，被小米汽车通知需在七日内付清全部尾款，否则订单将被取消，定金不予退还。这与行业内普遍采用的验车后付款或车辆到店后付款的惯例相悖，也被认为与小米汽车早期承诺的支持验车后付尾款不一致。据了解，有车主在付款后，车辆交付时间被大幅延后。小米汽车销售人员解释，“只是针对提出过延迟交付，或评估有较高提车风险的用户。比如办理金融分期时配合度较低，或表达过有不想提车想法的。”然而，这一说法依然引发了用户的质疑。尽管本次直播中，雷军公布了积极的交付数据和新年目标，但对于如何优化销售政策、保障消费者权益，并未进行回应。问题5：开启辅助驾驶出事故责任归谁？回顾2025年，小米汽车发生的两起备受关注的交通事故，以沉重的代价凸显了智能辅助驾驶责任归属的重要性。直播中，雷军及团队也介绍了小米汽车的辅助驾驶功能进展，例如端到端辅助驾驶系统Xiaomi HAD增强版的优化。但同时，雷军也强调，无论辅助驾驶多么先进，驾驶员仍要保持注意力，安全驾驶非常关键。随着汽车智能化程度提升，辅助驾驶系统使用中的责任界定，已成为整个行业和消费者共同关心的焦点。近年来，已有多家车企推出“智驾险”方案，试图为消费者提供更多保障。尽管小米汽车在1月5日推出了“限时福利活动”，但小米汽车用户需要通过小米汽车APP获取车险续保报价并在官方渠道完成续保，才有机会赢取“辅助驾驶保障服务”。值得一提的是，小米汽车用户现阶段还无法直接购买该服务。有业内人士认为，此举是通过“抽奖”的方式，提前对“小米汽车官方智驾险”进行小批量测试。何时才能覆盖所有车主、何时才能没有前置条件、最终版何时才能上线，一切都是问号。目前，小米汽车的“辅助驾驶保障服务”案仍处于探索初期，它能在多大程度上厘清责任归属、消除用户疑虑、明确理赔的具体流程，雷军并未有作出探讨和承诺。在推广技术的同时，明确责任边界，也是雷军需要面对的重要课题。写在最后有人用“欲盖弥彰，其词愈巧，其迹愈明”来形容这次直播，直指雷军“伪君子”的形象。因为，所有回避的问题，都或将变成未来的代价。雷军曾说：“不要用战术上的勤奋，掩盖战略上的懒惰。”但公众，尤其是已经支付了信任与金钱的车主，他们的核心关切并未因这场直播而消散。碳纤维机盖的功能争议已进入司法程序，尾灯开裂的品控疑虑在投诉中不断累积，提前付清尾款的销售政策引发广泛争议……这些不是网络流言，而是涉及产品品控、服务公平与法律责任的实质性议题。当雷军选择回应部分争议时，这些被搁置、更为棘手的问题，反而是消费者更想知道的。如果产品的质量、用户的安全、企业与用户之间的信任问题依然在直播镜头外模糊不清，那么再“真诚”的回应也难以修复已经产生的裂痕。（图/文&nbsp网通社&nbsp王志远）","news_type":1,"symbols_score_info":{"81810":0.6,"XIACY":1.91,"01810":1.91,"MIUmain":0.6,"HXXD.SI":0.6}},"isVote":1,"tweetType":1,"viewCount":545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":356884660719688,"gmtCreate":1728139613577,"gmtModify":1728295738387,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> another 12 million shorts. If these shortsellers did not close their shortsellingbpositions plus prior two days short selling position, cumulative shortselling positions will be 35 million shortselling positions...","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> another 12 million shorts. If these shortsellers did not close their shortsellingbpositions plus prior two days short selling position, cumulative shortselling positions will be 35 million shortselling positions...","text":"$Tiger Brokers(TIGR)$ another 12 million shorts. If these shortsellers did not close their shortsellingbpositions plus prior two days short selling position, cumulative shortselling positions will be 35 million shortselling positions...","images":[{"img":"https://community-static.tradeup.com/news/cbacb0155d62a5fd8f5d0c416f13214c","width":"1220","height":"1834"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":203,"commentSize":19,"repostSize":1669,"link":"https://ttm.financial/post/356884660719688","isVote":1,"tweetType":1,"viewCount":71440,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"content":"I hope they continue to build short position until a few times of issues share capital so that when China announces a series of positive market stimulus packages, they will be panicking to buy back...","text":"I hope they continue to build short position until a few times of issues share capital so that when China announces a series of positive market stimulus packages, they will be panicking to buy back...","html":"I hope they continue to build short position until a few times of issues share capital so that when China announces a series of positive market stimulus packages, they will be panicking to buy back..."},{"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"content":"$Tiger Brokers(TIGR)$ a series of positive market moving stimulus will shock shortsellers ...","text":"$Tiger Brokers(TIGR)$ a series of positive market moving stimulus will shock shortsellers ...","html":"$Tiger Brokers(TIGR)$ a series of positive market moving stimulus will shock shortsellers ..."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":353962730897552,"gmtCreate":1727424869421,"gmtModify":1727481602345,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a>&nbsp;<a href=\"https://ttm.financial/U/3582175710040105\">@Axekay </a>&nbsp;<a href=\"https://ttm.financial/U/3569183166174836\">@rainboi </a>&nbsp;<a href=\"https://ttm.financial/U/3580168839058745\">@Bandyboi </a>&nbsp;<a href=\"https://ttm.financial/U/3574136058061437\">@Changjieming </a>&nbsp;<a href=\"https://ttm.financial/U/3574723355648076\">@USD 300k </a> tiger brokers has to greatly exceed expectations for q3 to further push tiger brokers share price up to capitalise on this Chinese tech market recovery. I am calling a 75 percent odds of hang Seng tech having bottomed like a couple of weeks ago. As always, this should not be construed as any investment or trading advice.&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a>&nbsp;<a href=\"https://ttm.financial/U/3582175710040105\">@Axekay </a>&nbsp;<a href=\"https://ttm.financial/U/3569183166174836\">@rainboi </a>&nbsp;<a href=\"https://ttm.financial/U/3580168839058745\">@Bandyboi </a>&nbsp;<a href=\"https://ttm.financial/U/3574136058061437\">@Changjieming </a>&nbsp;<a href=\"https://ttm.financial/U/3574723355648076\">@USD 300k </a> tiger brokers has to greatly exceed expectations for q3 to further push tiger brokers share price up to capitalise on this Chinese tech market recovery. I am calling a 75 percent odds of hang Seng tech having bottomed like a couple of weeks ago. As always, this should not be construed as any investment or trading advice.&nbsp;","text":"$Tiger Brokers(TIGR)$ @Axekay @rainboi @Bandyboi @Changjieming @USD 300k tiger brokers has to greatly exceed expectations for q3 to further push tiger brokers share price up to capitalise on this Chinese tech market recovery. I am calling a 75 percent odds of hang Seng tech having bottomed like a couple of weeks ago. As always, this should not be construed as any investment or trading advice.","images":[{"img":"https://community-static.tradeup.com/news/242f90fa4019944585cdddbc9dca6d7c","width":"1220","height":"515"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":133,"commentSize":16,"repostSize":1532,"link":"https://ttm.financial/post/353962730897552","isVote":1,"tweetType":1,"viewCount":34160,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582175710040105","authorId":"3582175710040105","name":"Axekay","avatar":"https://static.itradeup.com/news/bb1a0492a52d3f14fed576a4c8d1b1da","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3582175710040105","idStr":"3582175710040105"},"content":"it needs to go back to its pre regulation price at ~$20 soon. hope this will be a story of $Palantir Technologies Inc.(PLTR)$ too","text":"it needs to go back to its pre regulation price at ~$20 soon. hope this will be a story of $Palantir Technologies Inc.(PLTR)$ too","html":"it needs to go back to its pre regulation price at ~$20 soon. hope this will be a story of $Palantir Technologies Inc.(PLTR)$ too"},{"author":{"id":"3574136058061437","authorId":"3574136058061437","name":"InverseCramer","avatar":"https://static.tigerbbs.com/fc405e9f366cb34e826787dc45d36977","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3574136058061437","idStr":"3574136058061437"},"content":"Lol do you think it’ll bull run up to $29 again? 😂😂😂","text":"Lol do you think it’ll bull run up to $29 again? 😂😂😂","html":"Lol do you think it’ll bull run up to $29 again? 😂😂😂"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":225576490504312,"gmtCreate":1696081474857,"gmtModify":1696082085193,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"title":"30 SEP 2023: continue to remain on the sideline for US Tech stocks for me","htmlText":"I am not saying that the markets cannot go up. If you look at what happens, Nasdaq 100 futures went back up after dipping below 14700 before staging a comeback to above 15070 this week. But how did it close by the end of the bell on Friday? It ended below 14900 and closed around 14891. The slight gain from the low of the week at 14600 plus to this level does not mean market has found back the confidence. Sentiment wise there is this possibility that it could always break the level of 14600 and then move down further. Let's take a look at core pce which was not over forecasted number. The markets did initially run up as per what was mentioned earlier, having hit above 15k but it subsequently came down within the first 2 hours of trading. In comparison, hang Seng tech index which seems to be","listText":"I am not saying that the markets cannot go up. If you look at what happens, Nasdaq 100 futures went back up after dipping below 14700 before staging a comeback to above 15070 this week. But how did it close by the end of the bell on Friday? It ended below 14900 and closed around 14891. The slight gain from the low of the week at 14600 plus to this level does not mean market has found back the confidence. Sentiment wise there is this possibility that it could always break the level of 14600 and then move down further. Let's take a look at core pce which was not over forecasted number. The markets did initially run up as per what was mentioned earlier, having hit above 15k but it subsequently came down within the first 2 hours of trading. In comparison, hang Seng tech index which seems to be","text":"I am not saying that the markets cannot go up. If you look at what happens, Nasdaq 100 futures went back up after dipping below 14700 before staging a comeback to above 15070 this week. But how did it close by the end of the bell on Friday? It ended below 14900 and closed around 14891. The slight gain from the low of the week at 14600 plus to this level does not mean market has found back the confidence. Sentiment wise there is this possibility that it could always break the level of 14600 and then move down further. Let's take a look at core pce which was not over forecasted number. The markets did initially run up as per what was mentioned earlier, having hit above 15k but it subsequently came down within the first 2 hours of trading. In comparison, hang Seng tech index which seems to be","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":2331,"commentSize":15,"repostSize":2036,"link":"https://ttm.financial/post/225576490504312","isVote":1,"tweetType":1,"viewCount":44039,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000648","authorId":"9000000000000648","name":"ColinThorndike","avatar":"https://static.tigerbbs.com/8e83e48989b3401bb5773e10a7c62208","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000648","idStr":"9000000000000648"},"content":"Investors should pay attention to government policies and the dynamics of the technology sector, as these factors may have an impact on the performance of tech stocks.","text":"Investors should pay attention to government policies and the dynamics of the technology sector, as these factors may have an impact on the performance of tech stocks.","html":"Investors should pay attention to government policies and the dynamics of the technology sector, as these factors may have an impact on the performance of tech stocks."},{"author":{"id":"9000000000000632","authorId":"9000000000000632","name":"mizzle","avatar":"https://static.tigerbbs.com/f2986a3c909439505407d0230a69dcb6","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000632","idStr":"9000000000000632"},"content":"US tech stocks are approaching the bubble period of 2001, and indeed, tech stocks are carrying the entire stock market.","text":"US tech stocks are approaching the bubble period of 2001, and indeed, tech stocks are carrying the entire stock market.","html":"US tech stocks are approaching the bubble period of 2001, and indeed, tech stocks are carrying the entire stock market."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":282129724190744,"gmtCreate":1709907838069,"gmtModify":1709915114241,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"title":"8 March 2024: Will EV narrative return to favor?","htmlText":"EV narrative was so popular back in 2020 and early 2021. Tesla back then had became the meme stock for a big cap company, growing rapidly from 20 to 30 billion USD market cap company to over 600 billion USD market cap company. At one point, if I did not recall wrongly, Tesla almost hits a one trillion USD market cap. Now the narrative is on AI. Anything related to Ai and ai chips is heavily bought. Just look at Nvidia and super micro computer and we saw that Nvidia is about to overtake apple as the second most valuable company in the world. The question then is why did EV fall out of favour? It's not difficult to see that there are many EV companies springing out from china due to conducive policies that encourage the founding of EV companies in china. This explains the immense competition","listText":"EV narrative was so popular back in 2020 and early 2021. Tesla back then had became the meme stock for a big cap company, growing rapidly from 20 to 30 billion USD market cap company to over 600 billion USD market cap company. At one point, if I did not recall wrongly, Tesla almost hits a one trillion USD market cap. Now the narrative is on AI. Anything related to Ai and ai chips is heavily bought. Just look at Nvidia and super micro computer and we saw that Nvidia is about to overtake apple as the second most valuable company in the world. The question then is why did EV fall out of favour? It's not difficult to see that there are many EV companies springing out from china due to conducive policies that encourage the founding of EV companies in china. This explains the immense competition","text":"EV narrative was so popular back in 2020 and early 2021. Tesla back then had became the meme stock for a big cap company, growing rapidly from 20 to 30 billion USD market cap company to over 600 billion USD market cap company. At one point, if I did not recall wrongly, Tesla almost hits a one trillion USD market cap. Now the narrative is on AI. Anything related to Ai and ai chips is heavily bought. Just look at Nvidia and super micro computer and we saw that Nvidia is about to overtake apple as the second most valuable company in the world. The question then is why did EV fall out of favour? It's not difficult to see that there are many EV companies springing out from china due to conducive policies that encourage the founding of EV companies in china. This explains the immense competition","images":[],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":3165,"commentSize":7,"repostSize":1764,"link":"https://ttm.financial/post/282129724190744","isVote":1,"tweetType":1,"viewCount":40711,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4101978790494150","authorId":"4101978790494150","name":"phongy 45","avatar":"https://static.tigerbbs.com/f6f41e543307358288f75d55fe347ad2","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4101978790494150","idStr":"4101978790494150"},"content":"cautious, happy days may end one day too !!!","text":"cautious, happy days may end one day too !!!","html":"cautious, happy days may end one day too !!!"},{"author":{"id":"4102377969591930","authorId":"4102377969591930","name":"Sonsonkok","avatar":"https://static.tigerbbs.com/cd822e55715284365189b1f1b3f09ec8","crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"4102377969591930","idStr":"4102377969591930"},"content":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","html":"Great ariticle, would you like to share it?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362772011991072,"gmtCreate":1729603305107,"gmtModify":1729603309963,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> it's an underwritten offer meaning if banks cannot sell, they will have to take the risk of holding tiger brokers shares. Unlikely they want to put these shares on their books mean tiger brokers probably have lined up buyers. Who wants to come in at this stage? Is this an intentional offer to press down tiger brokers shares and also to let some parties come in cheap to buy tiger shares ? We know it's a manipulated stock but it's pretty obvious this round","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> it's an underwritten offer meaning if banks cannot sell, they will have to take the risk of holding tiger brokers shares. Unlikely they want to put these shares on their books mean tiger brokers probably have lined up buyers. Who wants to come in at this stage? Is this an intentional offer to press down tiger brokers shares and also to let some parties come in cheap to buy tiger shares ? We know it's a manipulated stock but it's pretty obvious this round","text":"$Tiger Brokers(TIGR)$ it's an underwritten offer meaning if banks cannot sell, they will have to take the risk of holding tiger brokers shares. Unlikely they want to put these shares on their books mean tiger brokers probably have lined up buyers. Who wants to come in at this stage? Is this an intentional offer to press down tiger brokers shares and also to let some parties come in cheap to buy tiger shares ? We know it's a manipulated stock but it's pretty obvious this round","images":[{"img":"https://community-static.tradeup.com/news/e0a32827be30657b8514eb0c4e70a82e","width":"1220","height":"984"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":115,"commentSize":5,"repostSize":1131,"link":"https://ttm.financial/post/362772011991072","isVote":1,"tweetType":1,"viewCount":28155,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4182439385089562","authorId":"4182439385089562","name":"LianX","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4182439385089562","idStr":"4182439385089562"},"content":"yes. as I said this business still earns money. Those managers have properties. That's more important than share price now, because who wants manipulated shares unless the price bounces back attractive again","text":"yes. as I said this business still earns money. Those managers have properties. That's more important than share price now, because who wants manipulated shares unless the price bounces back attractive again","html":"yes. as I said this business still earns money. Those managers have properties. That's more important than share price now, because who wants manipulated shares unless the price bounces back attractive again"},{"author":{"id":"4147353622012922","authorId":"4147353622012922","name":"Callum8721","avatar":"https://community-static.tradeup.com/news/7502030165bf52711ccccfa78c9a2924","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4147353622012922","idStr":"4147353622012922"},"content":"This is a great article that needs to be spread within the Tiger community","text":"This is a great article that needs to be spread within the Tiger community","html":"This is a great article that needs to be spread within the Tiger community"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":363859433312504,"gmtCreate":1729843204464,"gmtModify":1729843209148,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a>&nbsp; this is another list... Do your due diligence yourself.&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a>&nbsp; this is another list... Do your due diligence yourself.&nbsp;","text":"$Tiger Brokers(TIGR)$ this is another list... Do your due diligence yourself.","images":[{"img":"https://community-static.tradeup.com/news/5d293d37ac75b9c407b6bb74102dd6ad","width":"1220","height":"2337"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":111,"commentSize":4,"repostSize":1297,"link":"https://ttm.financial/post/363859433312504","isVote":1,"tweetType":1,"viewCount":28666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":205704995012856,"gmtCreate":1691230502138,"gmtModify":1691232747313,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"htmlText":"I am seeing higher probability that Chinese tech stocks have made their bottoms and same for hang Seng tech index, which recently touched above 4660 and ended around 4500 this week. However, for every probability that I ascribe for my own assessment, I believe that it is not a 100 percent certainty that it will happen. China still has to play it's cards right in terms of execution which remains as the biggest risk card to me. Why did I say so? So far if I did not recall wrongly, there are 3 times for which conferences were held by NDRC, etc etc and other state authorities but there are no single measures that lay out clearly the execution plan and the figures to bring about the excitement of consumer spending. Domestic spending still remains the most difficult piece of the puzzle. In Us, d","listText":"I am seeing higher probability that Chinese tech stocks have made their bottoms and same for hang Seng tech index, which recently touched above 4660 and ended around 4500 this week. However, for every probability that I ascribe for my own assessment, I believe that it is not a 100 percent certainty that it will happen. China still has to play it's cards right in terms of execution which remains as the biggest risk card to me. Why did I say so? So far if I did not recall wrongly, there are 3 times for which conferences were held by NDRC, etc etc and other state authorities but there are no single measures that lay out clearly the execution plan and the figures to bring about the excitement of consumer spending. Domestic spending still remains the most difficult piece of the puzzle. In Us, d","text":"I am seeing higher probability that Chinese tech stocks have made their bottoms and same for hang Seng tech index, which recently touched above 4660 and ended around 4500 this week. However, for every probability that I ascribe for my own assessment, I believe that it is not a 100 percent certainty that it will happen. China still has to play it's cards right in terms of execution which remains as the biggest risk card to me. Why did I say so? So far if I did not recall wrongly, there are 3 times for which conferences were held by NDRC, etc etc and other state authorities but there are no single measures that lay out clearly the execution plan and the figures to bring about the excitement of consumer spending. Domestic spending still remains the most difficult piece of the puzzle. In Us, d","images":[],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":3057,"commentSize":15,"repostSize":547,"link":"https://ttm.financial/post/205704995012856","isVote":1,"tweetType":1,"viewCount":164259,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000140","authorId":"9000000000000140","name":"happygo","avatar":"https://static.tigerbbs.com/f63b3c9844fec1361496f60171c10016","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000140","idStr":"9000000000000140"},"content":"safe zone is not yet safe, it is definitely right for such market climate","text":"safe zone is not yet safe, it is definitely right for such market climate","html":"safe zone is not yet safe, it is definitely right for such market climate"},{"author":{"id":"9000000000000346","authorId":"9000000000000346","name":"glitzy","avatar":"https://static.tigerbbs.com/abf1cf89bc24c5ddf080de8c01c25fb0","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000346","idStr":"9000000000000346"},"content":"Stay caution is the first principle we should exert in such sitiuation","text":"Stay caution is the first principle we should exert in such sitiuation","html":"Stay caution is the first principle we should exert in such sitiuation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":466431887176208,"gmtCreate":1754900217124,"gmtModify":1754903446738,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"0\"></v-v> grok says even at 145 USD for most optimistic bull case scenario, it's a stretched valuation.. chasing palantir at this pricing is like playing musical chairs. I don't deny palantir has it's strengths but it's also a controversial company that thrives on defense spending, etc plus at lofty pricing now, market participants are expecting perfect execution","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"0\"></v-v> grok says even at 145 USD for most optimistic bull case scenario, it's a stretched valuation.. chasing palantir at this pricing is like playing musical chairs. I don't deny palantir has it's strengths but it's also a controversial company that thrives on defense spending, etc plus at lofty pricing now, market participants are expecting perfect execution","text":"$Palantir Technologies Inc.(PLTR)$ grok says even at 145 USD for most optimistic bull case scenario, it's a stretched valuation.. chasing palantir at this pricing is like playing musical chairs. I don't deny palantir has it's strengths but it's also a controversial company that thrives on defense spending, etc plus at lofty pricing now, market participants are expecting perfect execution","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":21,"commentSize":6,"repostSize":103,"link":"https://ttm.financial/post/466431887176208","isVote":1,"tweetType":1,"viewCount":5107,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4102495020619380","authorId":"4102495020619380","name":"romanc9","avatar":"https://static.tigerbbs.com/76bfe37245defa055adfff7453f1520f","crmLevel":11,"crmLevelSwitch":1,"authorIdStr":"4102495020619380","idStr":"4102495020619380"},"content":"So many critics on pltr. For sure one day it will happen but as of now, having said so many on the P/E, the price still like heading north. What is the actual reason? Importantly, can any of you give a precise timing?","text":"So many critics on pltr. For sure one day it will happen but as of now, having said so many on the P/E, the price still like heading north. What is the actual reason? Importantly, can any of you give a precise timing?","html":"So many critics on pltr. For sure one day it will happen but as of now, having said so many on the P/E, the price still like heading north. What is the actual reason? Importantly, can any of you give a precise timing?"},{"author":{"id":"10000000000010990","authorId":"10000000000010990","name":"Merle Ted","avatar":"https://static.tigerbbs.com/d0681550b13e51a8ffa4c08327616955","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"10000000000010990","idStr":"10000000000010990"},"content":"C3ai and PLTR went public around the same time. They’re down 86% and we’re up almost 2,000%. The market is speaking loud and clear.","text":"C3ai and PLTR went public around the same time. They’re down 86% and we’re up almost 2,000%. The market is speaking loud and clear.","html":"C3ai and PLTR went public around the same time. They’re down 86% and we’re up almost 2,000%. The market is speaking loud and clear."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361043987382272,"gmtCreate":1729181182769,"gmtModify":1729250859556,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> palantir price to sales at 38. Tiger still at 4 plus. Though they are in different industries, what I am trying to show you is that when the narratives are here the price can soar. Will tiger brokers soar?&nbsp;<a href=\"https://ttm.financial/S/HOOD\">$Robinhood(HOOD)$&nbsp;</a> ibkr price to book is many times that of tiger brokers too&nbsp;<a href=\"https://ttm.financial/S/IBKR\">$Interactive Brokers(IBKR)$&nbsp;</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a> palantir price to sales at 38. Tiger still at 4 plus. Though they are in different industries, what I am trying to show you is that when the narratives are here the price can soar. Will tiger brokers soar?&nbsp;<a href=\"https://ttm.financial/S/HOOD\">$Robinhood(HOOD)$&nbsp;</a> ibkr price to book is many times that of tiger brokers too&nbsp;<a href=\"https://ttm.financial/S/IBKR\">$Interactive Brokers(IBKR)$&nbsp;</a>&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$ $Tiger Brokers(TIGR)$ palantir price to sales at 38. Tiger still at 4 plus. Though they are in different industries, what I am trying to show you is that when the narratives are here the price can soar. Will tiger brokers soar? $Robinhood(HOOD)$ ibkr price to book is many times that of tiger brokers too $Interactive Brokers(IBKR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1958,"commentSize":5,"repostSize":661,"link":"https://ttm.financial/post/361043987382272","isVote":1,"tweetType":1,"viewCount":17914,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582175710040105","authorId":"3582175710040105","name":"Axekay","avatar":"https://static.itradeup.com/news/bb1a0492a52d3f14fed576a4c8d1b1da","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3582175710040105","idStr":"3582175710040105"},"content":"when pltr was 7, everyone was bashing that this stock was doomed. in a few mths' time, doom didn't come, rise did","text":"when pltr was 7, everyone was bashing that this stock was doomed. in a few mths' time, doom didn't come, rise did","html":"when pltr was 7, everyone was bashing that this stock was doomed. in a few mths' time, doom didn't come, rise did"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884197008,"gmtCreate":1631865203904,"gmtModify":1676530656064,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3563421686188310","idStr":"3563421686188310"},"themes":[],"title":"17 Sep 2021: My Updated thoughts on Alibaba","htmlText":"Alibaba is a company that everyone knows. We even know Charlie Munger did take a position in Alibaba. Is he still holding the shares? This is something that I do not know. Undoubtedly, Alibaba is a very big company, with many lines of businesses. Is Big still pretty now? We will leave my thoughts in response to this question towards the end of the article.Alibaba share price chart (US)Alibaba share price chart (US)If readers remembered, I touched on Alibaba long ago saying that I will not touch Alibaba at current price level. This is not a case of the business problems though it may be on going into the next few years. Rather, one should note that Alibaba share price led the decline of other Chinese tech stocks a couple of months ahead of others. Alibaba's price decline begins way back in","listText":"Alibaba is a company that everyone knows. We even know Charlie Munger did take a position in Alibaba. Is he still holding the shares? This is something that I do not know. Undoubtedly, Alibaba is a very big company, with many lines of businesses. Is Big still pretty now? We will leave my thoughts in response to this question towards the end of the article.Alibaba share price chart (US)Alibaba share price chart (US)If readers remembered, I touched on Alibaba long ago saying that I will not touch Alibaba at current price level. This is not a case of the business problems though it may be on going into the next few years. Rather, one should note that Alibaba share price led the decline of other Chinese tech stocks a couple of months ahead of others. Alibaba's price decline begins way back in","text":"Alibaba is a company that everyone knows. We even know Charlie Munger did take a position in Alibaba. Is he still holding the shares? This is something that I do not know. Undoubtedly, Alibaba is a very big company, with many lines of businesses. Is Big still pretty now? We will leave my thoughts in response to this question towards the end of the article.Alibaba share price chart (US)Alibaba share price chart (US)If readers remembered, I touched on Alibaba long ago saying that I will not touch Alibaba at current price level. This is not a case of the business problems though it may be on going into the next few years. Rather, one should note that Alibaba share price led the decline of other Chinese tech stocks a couple of months ahead of others. Alibaba's price decline begins way back in","images":[{"img":"https://static.tigerbbs.com/bc4ebccf5d040e56de54e430e1f4a64e","width":"560","height":"360"},{"img":"https://static.tigerbbs.com/deb1adde1dd390bdebf20232e9bf269c","width":"560","height":"360"},{"img":"https://static.tigerbbs.com/fb65992e2ea28edd206216b50ed82d99","width":"560","height":"360"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":2495,"commentSize":492,"repostSize":87,"link":"https://ttm.financial/post/884197008","isVote":1,"tweetType":1,"viewCount":56148,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576088975090731","authorId":"3576088975090731","name":"pandaroar","avatar":"https://static.tigerbbs.com/6a89ea1d0b07ef871d4ca0666dcc1abd","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3576088975090731","idStr":"3576088975090731"},"content":"Just continuing to accumulate small amounts as it keeps going lower.","text":"Just continuing to accumulate small amounts as it keeps going lower.","html":"Just continuing to accumulate small amounts as it keeps going lower."},{"author":{"id":"9000000000000313","authorId":"9000000000000313","name":"德迈metro","avatar":"https://static.tigerbbs.com/66be84645eeac71f62d4ad271c145cd9","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000313","idStr":"9000000000000313"},"content":"I like your articles very much, never say that kind of demagogic things, and can tell things that everyone doesn't know in a realistic way.","text":"I like your articles very much, never say that kind of demagogic things, and can tell things that everyone doesn't know in a realistic way.","html":"I like your articles very much, never say that kind of demagogic things, and can tell things that everyone doesn't know in a realistic way."}],"imageCount":3,"langContent":"EN","totalScore":0}],"lives":[]}