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沙發馬鈴薯
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沙發馬鈴薯
01-24 14:31
[Surprised] [Surprised] [Surprised]
沙發馬鈴薯
2022-04-22
[Heart]
沙發馬鈴薯
2022-03-15
$Tiger Brokers(TIGR)$
eat grassssss
沙發馬鈴薯
2022-03-06
$NIO Inc.(NIO)$
[Speechless]
沙發馬鈴薯
2022-03-06
$Tiger Brokers(TIGR)$
[Cry]
沙發馬鈴薯
2022-03-06
$Grab Holdings(GRAB)$
[Smug]
沙發馬鈴薯
2022-01-30
Show off lol
沙發馬鈴薯
2022-01-28
$Tiger Brokers(TIGR)$
[Sad]
沙發馬鈴薯
2022-01-05
$SEA LTD(SE)$
[Thinking]
沙發馬鈴薯
2021-12-30
[Wow]
沙發馬鈴薯
2021-08-12
Great ariticle, would you like to share it?
@小虎活动:【老虎財報季】寫財報分析,贏取老虎限量商務套裝
沙發馬鈴薯
2021-08-12
Great ariticle, would you like to share it?
@爱运动的小虎哥:Predict the Market to share MILLIONS of Tiger coins!
沙發馬鈴薯
2021-08-04
$Nike(NKE)$
[OK]
沙發馬鈴薯
2021-06-12
$Tiger Brokers(TIGR)$
[666]
沙發馬鈴薯
2021-06-05
Looking good
沙發馬鈴薯
2021-05-26
Great ariticle, would you like to share it?
@爱发红包的虎妞:【有獎活動】5·20,一句話表白你最喜歡的股票~
沙發馬鈴薯
2021-05-10
[DOGE]
沙發馬鈴薯
2021-04-24
$CrowdStrike Holdings, Inc.(CRWD)$
[OK]
沙發馬鈴薯
2021-03-30
Great ariticle, would you like to share it?
@走马财经:騰訊投資的shopee是怎麼反超阿里控股的Lazada的
沙發馬鈴薯
2021-03-29
Great ariticle, would you like to share it?
@美股解毒师:認識認識這些服裝品牌公司
Go to Tiger App to see more news
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Brokers(TIGR)$[Cry]","images":[{"img":"https://static.itradeup.com/news/6130985f369d0aaed6a7ebd212dead58","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031661947","isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9031663415,"gmtCreate":1646543993406,"gmtModify":1676534138447,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>[Smug] ","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>[Smug] ","text":"$Grab 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LTD(SE)$[Thinking]","images":[{"img":"https://static.itradeup.com/news/06c98af95c0839ed74eddc1307720cc4","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001730848","isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9003959997,"gmtCreate":1640858652164,"gmtModify":1676533548444,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"[Wow] ","listText":"[Wow] ","text":"[Wow]","images":[{"img":"https://static.itradeup.com/news/5c4c9ca2695a371ac1530604b14e27fb","width":"1080","height":"1432"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003959997","isVote":1,"tweetType":1,"viewCount":320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":895609068,"gmtCreate":1628736186554,"gmtModify":1676529837064,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/895609068","repostId":"146135203","repostType":1,"repost":{"id":146135203,"gmtCreate":1626057999999,"gmtModify":1703752520422,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"【老虎財報季】寫財報分析,贏取老虎限量商務套裝","htmlText":"參與《老虎財報季》贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。Q2財報季即將拉開序幕,美國六大銀行將在本週率先公佈財報,隨後將迎來大家最關心的科技股財報。小虎君想邀請虎友們,分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,就有機會贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。【參與方式】 在“<a href=\"https://laohu8.com/RN?name=RNTheme&page=/theme/special/discussion&rndata={"themeId":"fa946d497d894de8863f2348305e2a7e"}\" target=\"_blank\">老虎財報季</a>”主題下發帖,或者題目中包含“老虎財報季”等關鍵字分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,字數不少於300字。並<a target=\"_blank\" href=\"https://laohu8.com/U/36984908995200\">@小虎活動</a>、<a target=\"_blank\" href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> 或者<a target=\"_blank\" href=\"https://laohu8.com/U/3514329116425907\">@小虎AV</a> 寫什麼?虎友們可以自由發揮!如果沒有現成的idea,也可以參考以下模版: 關注公司的財報業績(營收,淨利潤,主營業務表現,關鍵指標增長等) 公司基本面分析(包括主營業務分析、所屬行業競爭優劣勢、未來發展點等) 財報前後你是否有調整倉位?未來是否會繼續投資?","listText":"參與《老虎財報季》贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。Q2財報季即將拉開序幕,美國六大銀行將在本週率先公佈財報,隨後將迎來大家最關心的科技股財報。小虎君想邀請虎友們,分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,就有機會贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。【參與方式】 在“<a href=\"https://laohu8.com/RN?name=RNTheme&page=/theme/special/discussion&rndata={"themeId":"fa946d497d894de8863f2348305e2a7e"}\" target=\"_blank\">老虎財報季</a>”主題下發帖,或者題目中包含“老虎財報季”等關鍵字分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,字數不少於300字。並<a target=\"_blank\" href=\"https://laohu8.com/U/36984908995200\">@小虎活動</a>、<a target=\"_blank\" href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> 或者<a target=\"_blank\" href=\"https://laohu8.com/U/3514329116425907\">@小虎AV</a> 寫什麼?虎友們可以自由發揮!如果沒有現成的idea,也可以參考以下模版: 關注公司的財報業績(營收,淨利潤,主營業務表現,關鍵指標增長等) 公司基本面分析(包括主營業務分析、所屬行業競爭優劣勢、未來發展點等) 財報前後你是否有調整倉位?未來是否會繼續投資?","text":"參與《老虎財報季》贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。Q2財報季即將拉開序幕,美國六大銀行將在本週率先公佈財報,隨後將迎來大家最關心的科技股財報。小虎君想邀請虎友們,分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,就有機會贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。【參與方式】 在“老虎財報季”主題下發帖,或者題目中包含“老虎財報季”等關鍵字分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,字數不少於300字。並@小虎活動、@愛發紅包的虎妞 或者@小虎AV 寫什麼?虎友們可以自由發揮!如果沒有現成的idea,也可以參考以下模版: 關注公司的財報業績(營收,淨利潤,主營業務表現,關鍵指標增長等) 公司基本面分析(包括主營業務分析、所屬行業競爭優劣勢、未來發展點等) 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From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","text":"Hello, dear Tigers! Wanna have more commission-free trades but your Tiger coins are not enough? Come join this game to win commission-free trades & MILLIONS OF Tiger coins! 1. How to Participate? From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147198981","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807554887,"gmtCreate":1628045440449,"gmtModify":1703500195511,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NKE\">$Nike(NKE)$</a>[OK] ","listText":"<a href=\"https://laohu8.com/S/NKE\">$Nike(NKE)$</a>[OK] 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Brokers(TIGR)$[666]","images":[{"img":"https://static.tigerbbs.com/ee3a93b1504d056aa0579f9b9e361e01","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188814792","isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":112274594,"gmtCreate":1622879934518,"gmtModify":1704192939002,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Looking good","listText":"Looking good","text":"Looking 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","text":"[DOGE]","images":[{"img":"https://static.tigerbbs.com/d6023d5b7a763f20ab2c168da0b445ec","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199031843","isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":375916451,"gmtCreate":1619275696873,"gmtModify":1704722043385,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CRWD\">$CrowdStrike Holdings, Inc.(CRWD)$</a>[OK] ","listText":"<a href=\"https://laohu8.com/S/CRWD\">$CrowdStrike Holdings, Inc.(CRWD)$</a>[OK] ","text":"$CrowdStrike Holdings, Inc.(CRWD)$[OK]","images":[{"img":"https://static.tigerbbs.com/92d4309835e0bf0a4dd2144538a936ac","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375916451","isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":355771855,"gmtCreate":1617110366777,"gmtModify":1704695947569,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355771855","repostId":"397000071","repostType":1,"repost":{"id":397000071,"gmtCreate":1608125254293,"gmtModify":1704973421809,"author":{"id":"3555926517215344","authorId":"3555926517215344","name":"走马财经","avatar":"https://static.tigerbbs.com/e421cf207f1b9b3827a49f1d17bead5a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555926517215344","authorIdStr":"3555926517215344"},"themes":[],"title":"騰訊投資的shopee是怎麼反超阿里控股的Lazada的","htmlText":"這是我們研究東南亞互聯網平臺Sea limited的第1篇,後續還有幾篇內容,都會發布在「走馬財經」公衆號上,想第一時間收到相關信息,請關注我們吧。對了,拜託大家一件小事。<a href=\"https://laohu8.com/TW/396194927\" target=\"_blank\">我入圍了2020老虎新銳人物,求求各位粉絲大大幫我投一票吧,記得選“走馬看世界”</a>Lazada:頻繁而蹊蹺的人事變動2003年淘寶創立,第一波上線的商家多數會告訴你,只要上一個鏈接,就會有生意。龐大的人口猶如黑洞,永遠有尚未被洞察的需求。6億多東南亞人猶如嗷嗷待哺的嬰孩,等待着供應者的出現。東南亞本地的製造業並不發達,零售主要依賴進口,過去以歐美、日本、韓國的商品爲主,價格昂貴,主打性價比的商品在這兒就是很大的優勢。2012年,法國人皮爾·彭龍在新加坡發現了這個“祕密”,岳父的鄰居靠在eBay上倒賣舊手錶,一年收入幾百萬。他也將東南亞貨物帶到法國販賣,賺到了人生的第一桶金。有了穩定的供貨商後,皮爾·彭龍創立Lazada,專做東南亞電商生意。總部就設立在新加坡。印尼語中,Lazada是“環”的意思。很快,Lazada的“環”就變大了。業務發展的速度超乎想象,馬來西亞,越南,印度尼西亞,菲律賓,泰國也都有了Lazada的身影,最終形成了東南亞的電商圈。皮爾·彭龍創立Lazada後,很快吸引了臭名昭著的德國資本孵化器Rocket Internet的投資。Rocket Internet公司的運作模式是發現成功的互聯網項目然後以火箭般的速度招聘技術人員組建團隊進行抄襲複製。2016年的阿里巴巴如日中天,開始大力發展國際化業務,於是阿里以10億美元的價格從Rocket Internet手中購得Lazada51%的控股權。2017年6月,阿里巴巴再次加碼10億美元,將股權增加到83%。20","listText":"這是我們研究東南亞互聯網平臺Sea limited的第1篇,後續還有幾篇內容,都會發布在「走馬財經」公衆號上,想第一時間收到相關信息,請關注我們吧。對了,拜託大家一件小事。<a href=\"https://laohu8.com/TW/396194927\" target=\"_blank\">我入圍了2020老虎新銳人物,求求各位粉絲大大幫我投一票吧,記得選“走馬看世界”</a>Lazada:頻繁而蹊蹺的人事變動2003年淘寶創立,第一波上線的商家多數會告訴你,只要上一個鏈接,就會有生意。龐大的人口猶如黑洞,永遠有尚未被洞察的需求。6億多東南亞人猶如嗷嗷待哺的嬰孩,等待着供應者的出現。東南亞本地的製造業並不發達,零售主要依賴進口,過去以歐美、日本、韓國的商品爲主,價格昂貴,主打性價比的商品在這兒就是很大的優勢。2012年,法國人皮爾·彭龍在新加坡發現了這個“祕密”,岳父的鄰居靠在eBay上倒賣舊手錶,一年收入幾百萬。他也將東南亞貨物帶到法國販賣,賺到了人生的第一桶金。有了穩定的供貨商後,皮爾·彭龍創立Lazada,專做東南亞電商生意。總部就設立在新加坡。印尼語中,Lazada是“環”的意思。很快,Lazada的“環”就變大了。業務發展的速度超乎想象,馬來西亞,越南,印度尼西亞,菲律賓,泰國也都有了Lazada的身影,最終形成了東南亞的電商圈。皮爾·彭龍創立Lazada後,很快吸引了臭名昭著的德國資本孵化器Rocket Internet的投資。Rocket Internet公司的運作模式是發現成功的互聯網項目然後以火箭般的速度招聘技術人員組建團隊進行抄襲複製。2016年的阿里巴巴如日中天,開始大力發展國際化業務,於是阿里以10億美元的價格從Rocket Internet手中購得Lazada51%的控股權。2017年6月,阿里巴巴再次加碼10億美元,將股權增加到83%。20","text":"這是我們研究東南亞互聯網平臺Sea limited的第1篇,後續還有幾篇內容,都會發布在「走馬財經」公衆號上,想第一時間收到相關信息,請關注我們吧。對了,拜託大家一件小事。我入圍了2020老虎新銳人物,求求各位粉絲大大幫我投一票吧,記得選“走馬看世界”Lazada:頻繁而蹊蹺的人事變動2003年淘寶創立,第一波上線的商家多數會告訴你,只要上一個鏈接,就會有生意。龐大的人口猶如黑洞,永遠有尚未被洞察的需求。6億多東南亞人猶如嗷嗷待哺的嬰孩,等待着供應者的出現。東南亞本地的製造業並不發達,零售主要依賴進口,過去以歐美、日本、韓國的商品爲主,價格昂貴,主打性價比的商品在這兒就是很大的優勢。2012年,法國人皮爾·彭龍在新加坡發現了這個“祕密”,岳父的鄰居靠在eBay上倒賣舊手錶,一年收入幾百萬。他也將東南亞貨物帶到法國販賣,賺到了人生的第一桶金。有了穩定的供貨商後,皮爾·彭龍創立Lazada,專做東南亞電商生意。總部就設立在新加坡。印尼語中,Lazada是“環”的意思。很快,Lazada的“環”就變大了。業務發展的速度超乎想象,馬來西亞,越南,印度尼西亞,菲律賓,泰國也都有了Lazada的身影,最終形成了東南亞的電商圈。皮爾·彭龍創立Lazada後,很快吸引了臭名昭著的德國資本孵化器Rocket Internet的投資。Rocket Internet公司的運作模式是發現成功的互聯網項目然後以火箭般的速度招聘技術人員組建團隊進行抄襲複製。2016年的阿里巴巴如日中天,開始大力發展國際化業務,於是阿里以10億美元的價格從Rocket Internet手中購得Lazada51%的控股權。2017年6月,阿里巴巴再次加碼10億美元,將股權增加到83%。20","images":[{"img":"https://static.tigerbbs.com/4be9216e88ae66f043f47d90221e670b","width":"688","height":"255"},{"img":"https://static.tigerbbs.com/8257e0be3c8cbbbfd0f95c219eef7c81","width":"688","height":"399"},{"img":"https://static.tigerbbs.com/780c0daabe4582f75ef34729c7caa207","width":"688","height":"390"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/397000071","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":12,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355360802,"gmtCreate":1617029006206,"gmtModify":1704801107604,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355360802","repostId":"358156007","repostType":1,"repost":{"id":358156007,"gmtCreate":1616675509601,"gmtModify":1704797244732,"author":{"id":"3440721572920950","authorId":"3440721572920950","name":"美股解毒师","avatar":"https://community-static.tradeup.com/news/bbf0f514b8e5abb92266789b89f6e1e6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3440721572920950","authorIdStr":"3440721572920950"},"themes":[],"title":"認識認識這些服裝品牌公司","htmlText":"這麼多公司要抵制新疆棉,結果受到了全國人民的抵制,真是自作自受。別的不多說,新疆產棉量佔全球的1/5,全國80%以上的棉品及供應鏈都是多多少少都能用到新疆棉的。 所以,真的這些公司要是抵制,也是不可能辦到的事情,而且他們在中國市場折戟,倒黴的還是他們自己。 先給大家科普一些涉事企業的代碼(以及在美股OTC市場上的),恐怕很多朋友都不認識 H&M:<a href=\"https://laohu8.com/S/HNNMY\">$Hennes & Mauritz AB(HNNMY)$</a> Adidas:<a href=\"https://laohu8.com/S/0OLD.UK\">$阿迪達斯(0OLD.UK)$</a> <a href=\"https://laohu8.com/S/ADDYY\">$阿迪達斯(ADDYY)$</a> Nike:<a href=\"https://laohu8.com/S/NKE\">$耐克(NKE)$</a> ,Converse匡威也是耐克的子公司 優衣庫:母公司是<a href=\"https://laohu8.com/S/06288\">$迅銷 - 預託證券(06288)$</a> Under Armour:<a href=\"https://laohu8.com/S/UAA\">$安德瑪公司A類股(UAA)$</a> <a href=\"https://laohu8.com/S/UA\">$安德瑪公司C類股(UA)$</a> lululemon:<a href=\"https://laohu8.com/S/LULU\">$lululemon athletica(LULU)$</a> 其實還有很多<a href=\"https://laohu8.com/S/BRBY.UK\">$巴寶莉(BRBY.UK)$</a> 之類的品牌,但是這麼多品牌得選幾個","listText":"這麼多公司要抵制新疆棉,結果受到了全國人民的抵制,真是自作自受。別的不多說,新疆產棉量佔全球的1/5,全國80%以上的棉品及供應鏈都是多多少少都能用到新疆棉的。 所以,真的這些公司要是抵制,也是不可能辦到的事情,而且他們在中國市場折戟,倒黴的還是他們自己。 先給大家科普一些涉事企業的代碼(以及在美股OTC市場上的),恐怕很多朋友都不認識 H&M:<a href=\"https://laohu8.com/S/HNNMY\">$Hennes & Mauritz AB(HNNMY)$</a> Adidas:<a href=\"https://laohu8.com/S/0OLD.UK\">$阿迪達斯(0OLD.UK)$</a> <a href=\"https://laohu8.com/S/ADDYY\">$阿迪達斯(ADDYY)$</a> Nike:<a href=\"https://laohu8.com/S/NKE\">$耐克(NKE)$</a> ,Converse匡威也是耐克的子公司 優衣庫:母公司是<a href=\"https://laohu8.com/S/06288\">$迅銷 - 預託證券(06288)$</a> Under Armour:<a href=\"https://laohu8.com/S/UAA\">$安德瑪公司A類股(UAA)$</a> <a href=\"https://laohu8.com/S/UA\">$安德瑪公司C類股(UA)$</a> lululemon:<a href=\"https://laohu8.com/S/LULU\">$lululemon athletica(LULU)$</a> 其實還有很多<a href=\"https://laohu8.com/S/BRBY.UK\">$巴寶莉(BRBY.UK)$</a> 之類的品牌,但是這麼多品牌得選幾個","text":"這麼多公司要抵制新疆棉,結果受到了全國人民的抵制,真是自作自受。別的不多說,新疆產棉量佔全球的1/5,全國80%以上的棉品及供應鏈都是多多少少都能用到新疆棉的。 所以,真的這些公司要是抵制,也是不可能辦到的事情,而且他們在中國市場折戟,倒黴的還是他們自己。 先給大家科普一些涉事企業的代碼(以及在美股OTC市場上的),恐怕很多朋友都不認識 H&M:$Hennes & Mauritz AB(HNNMY)$ Adidas:$阿迪達斯(0OLD.UK)$ $阿迪達斯(ADDYY)$ Nike:$耐克(NKE)$ ,Converse匡威也是耐克的子公司 優衣庫:母公司是$迅銷 - 預託證券(06288)$ Under Armour:$安德瑪公司A類股(UAA)$ $安德瑪公司C類股(UA)$ lululemon:$lululemon athletica(LULU)$ 其實還有很多$巴寶莉(BRBY.UK)$ 之類的品牌,但是這麼多品牌得選幾個","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358156007","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9031661947,"gmtCreate":1646544024872,"gmtModify":1676534138447,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>[Cry] ","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>[Cry] ","text":"$Tiger Brokers(TIGR)$[Cry]","images":[{"img":"https://static.itradeup.com/news/6130985f369d0aaed6a7ebd212dead58","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031661947","isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9031663415,"gmtCreate":1646543993406,"gmtModify":1676534138447,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>[Smug] ","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a>[Smug] ","text":"$Grab 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Brokers(TIGR)$[Sad]","images":[{"img":"https://static.itradeup.com/news/a8393cd7ce9b2e049662029ffe711277","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099679167","isVote":1,"tweetType":1,"viewCount":866,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9032335349,"gmtCreate":1647275402766,"gmtModify":1676534211127,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>eat grassssss","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>eat grassssss","text":"$Tiger Brokers(TIGR)$eat grassssss","images":[{"img":"https://community-static.tradeup.com/news/6309d6292488d17758014467c64cec1d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032335349","isVote":1,"tweetType":1,"viewCount":792,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":188814792,"gmtCreate":1623427746816,"gmtModify":1704203553295,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>[666] ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>[666] ","text":"$Tiger 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","text":"$Nike(NKE)$[OK]","images":[{"img":"https://static.tigerbbs.com/7355762d81d270989ea4fd6f2e470d9d","width":"1080","height":"3011"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807554887","isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":389497135,"gmtCreate":1612794059027,"gmtModify":1704874281556,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389497135","repostId":"389647744","repostType":1,"repost":{"id":389647744,"gmtCreate":1612773376885,"gmtModify":1704873978081,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"【有獎活動】新春好運到,留下你的新年祝福!","htmlText":"\n \n \n 老虎證券給大家拜年啦,祝各位虎友在新的一年投資順利,happy 牛 year~2020年在成功和收穫的喜悅中漸漸遠去,2021年的鐘聲即將敲響在這辭舊迎新之際,我們把話筒交給你,由你來說說對於2021的期望與祝福凡是參與活動的虎友,都可以獲得66虎幣獎勵,除此之外,我們還會給互動量高的,或者最有趣的虎友送上老虎新年限量版小黃杯。【參與方式】在本帖評論區留言聊聊你的新年祝福或者期望即可如果你想多聊聊,也可以發貼並關聯“2021我的新年祝福”主題,或者題目中包含“2021我的新年祝福”想發視頻的虎友,可以戳我瞭解一下如何發佈視頻<a href=\"https://laohu8.com/TW/334935374\" target=\"_blank\">【有獎徵集】2021我的新年祝福語</a>活動會持續到2月18日,歡迎大家參與~最後的最後,再次祝願大家新年快樂~<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>\n \n","listText":"老虎證券給大家拜年啦,祝各位虎友在新的一年投資順利,happy 牛 year~2020年在成功和收穫的喜悅中漸漸遠去,2021年的鐘聲即將敲響在這辭舊迎新之際,我們把話筒交給你,由你來說說對於2021的期望與祝福凡是參與活動的虎友,都可以獲得66虎幣獎勵,除此之外,我們還會給互動量高的,或者最有趣的虎友送上老虎新年限量版小黃杯。【參與方式】在本帖評論區留言聊聊你的新年祝福或者期望即可如果你想多聊聊,也可以發貼並關聯“2021我的新年祝福”主題,或者題目中包含“2021我的新年祝福”想發視頻的虎友,可以戳我瞭解一下如何發佈視頻<a href=\"https://laohu8.com/TW/334935374\" target=\"_blank\">【有獎徵集】2021我的新年祝福語</a>活動會持續到2月18日,歡迎大家參與~最後的最後,再次祝願大家新年快樂~<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","text":"老虎證券給大家拜年啦,祝各位虎友在新的一年投資順利,happy 牛 year~2020年在成功和收穫的喜悅中漸漸遠去,2021年的鐘聲即將敲響在這辭舊迎新之際,我們把話筒交給你,由你來說說對於2021的期望與祝福凡是參與活動的虎友,都可以獲得66虎幣獎勵,除此之外,我們還會給互動量高的,或者最有趣的虎友送上老虎新年限量版小黃杯。【參與方式】在本帖評論區留言聊聊你的新年祝福或者期望即可如果你想多聊聊,也可以發貼並關聯“2021我的新年祝福”主題,或者題目中包含“2021我的新年祝福”想發視頻的虎友,可以戳我瞭解一下如何發佈視頻【有獎徵集】2021我的新年祝福語活動會持續到2月18日,歡迎大家參與~最後的最後,再次祝願大家新年快樂~$老虎證券(TIGR)$","images":[{"img":"https://static.tigerbbs.com/e65202807c9ea697dc642f1b91b7a00d","width":"1663","height":"1248"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389647744","isVote":1,"tweetType":2,"object":{"id":"8b7f153f598e4d86be4a08ca2f29416c","tweetId":"389647744","videoUrl":"https://1254107296.vod2.myqcloud.com/27e1f7ecvodtransgzp1254107296/38a71faa5285890813942146235/v.f30.mp4","poster":"https://static.tigerbbs.com/7d0887c8d8f3ae3761534264f9bb0eef"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389547325,"gmtCreate":1612791860267,"gmtModify":1704874240964,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389547325","repostId":"389230697","repostType":1,"repost":{"id":389230697,"gmtCreate":1612776275316,"gmtModify":1704874018138,"author":{"id":"3558937605407666","authorId":"3558937605407666","name":"小虎投资狮城","avatar":"https://static.tigerbbs.com/71787abf8925cc00babc5c74c39de37a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558937605407666","authorIdStr":"3558937605407666"},"themes":[],"title":"??小老虎暢遊獅城,新加坡的虎友來相遇!","htmlText":"Hello,虎友們新春快樂,新加坡小虎給大家拜年了!!不知道社區在新加坡虎友多不多?下面報個道~ ??? 大家在街上看到過畫着?的出租車嗎?我們將小虎新春祝福刷滿了新加坡的街頭,讓出租車帶小虎暢遊獅城大街小巷~ ??? 如果有新加坡的虎友看到了?的taxi,拍個照、合個影,在本帖下方以圖片回覆給我,打賞春節虎幣哦~?此外,???新加坡春節期間還有如下活動,歡迎獅城的虎友參加,ღ( ´・ᴗ・` )比心: <a href=\"https://r.tigerbbs.com/lrhx\" target=\"_blank\">邀請好友贏大獎</a> <a href=\"https://r.tigerbbs.com/lrhy\" target=\"_blank\">組團開?,新春好運到!</a> <a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","listText":"Hello,虎友們新春快樂,新加坡小虎給大家拜年了!!不知道社區在新加坡虎友多不多?下面報個道~ ??? 大家在街上看到過畫着?的出租車嗎?我們將小虎新春祝福刷滿了新加坡的街頭,讓出租車帶小虎暢遊獅城大街小巷~ ??? 如果有新加坡的虎友看到了?的taxi,拍個照、合個影,在本帖下方以圖片回覆給我,打賞春節虎幣哦~?此外,???新加坡春節期間還有如下活動,歡迎獅城的虎友參加,ღ( ´・ᴗ・` )比心: <a href=\"https://r.tigerbbs.com/lrhx\" target=\"_blank\">邀請好友贏大獎</a> <a href=\"https://r.tigerbbs.com/lrhy\" target=\"_blank\">組團開?,新春好運到!</a> <a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎證券(TIGR)$</a>","text":"Hello,虎友們新春快樂,新加坡小虎給大家拜年了!!不知道社區在新加坡虎友多不多?下面報個道~ ??? 大家在街上看到過畫着?的出租車嗎?我們將小虎新春祝福刷滿了新加坡的街頭,讓出租車帶小虎暢遊獅城大街小巷~ ??? 如果有新加坡的虎友看到了?的taxi,拍個照、合個影,在本帖下方以圖片回覆給我,打賞春節虎幣哦~?此外,???新加坡春節期間還有如下活動,歡迎獅城的虎友參加,ღ( ´・ᴗ・` )比心: 邀請好友贏大獎 組團開?,新春好運到! $老虎證券(TIGR)$","images":[{"img":"https://static.tigerbbs.com/fc9af1f69c9efe3fb1d7438d962f5ee4","width":"1600","height":"1200"},{"img":"https://static.tigerbbs.com/762010a2dc18d4af39429195c1f3ed15","width":"720","height":"540"},{"img":"https://static.tigerbbs.com/186eccc3a15da5327c2d8e15288a03d7","width":"1600","height":"1200"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389230697","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"subType":2,"comments":[],"imageCount":4,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317571435,"gmtCreate":1612459429227,"gmtModify":1704871611329,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317571435","repostId":"1174038896","repostType":2,"repost":{"id":"1174038896","kind":"news","pubTimestamp":1612279492,"share":"https://ttm.financial/m/news/1174038896?lang=&edition=fundamental","pubTime":"2021-02-02 23:24","market":"us","language":"en","title":"The Robinhood of China:UP Fintech Holding Limited (TIGR)","url":"https://stock-news.laohu8.com/highlight/detail?id=1174038896","media":"seekingalpha.com","summary":"We are long shares of UP Fintech, the holding company of Tiger Brokers, which we believe is position","content":"<p>We are long shares of UP Fintech, the holding company of Tiger Brokers, which we believe is positioned to become the Robinhood of China. Love it or hate it, you have to admit that Robinhood has created an enormous amount of value for its investors in a very short time: having debuted its trading app in 2015, the company is now reportedly valued at more than $20 billion. Even in a market full of established online brokerages like E*TRADE (recently acquired for $13 billion) and TD Ameritrade (recently acquired for $26 billion), Robinhood carved out a sizable niche for itself with its low fees, user-friendly design, and mobile-first approach.</p><p>Tiger Brokers shares a similar approach but in a less mature market. Founded by a Tsinghua University computer-science graduate then in his late twenties, Tiger also launched in 2015; today, it has more than a million customer accounts, and its app facilitates over a billion dollars’ worth of trades every day (more than double the prior year’s level). With its low fees (commissions average 0.03%) and sleek design, Tiger has rapidly gained a following among tech-savvy Chinese millennials – 72% of its customers are under 35 years old – in part by making it cheaper and easier for Chinese citizens to invest in US-listed stocks. A strange aspect of the immense growth in the Chinese economy is that many of China’s most prominent and exciting firms, like Alibaba and NIO, trade on American stock exchanges, which ordinary Chinese citizens have historically had difficulty getting access to. By streamlining and simplifying the process, Tiger has outflanked incumbent banks and brokers, which have traditionally focused on serving older and wealthier clients via physical offices and in-person salesmanship. Tiger’s entrepreneurial spirit and scalable technology have also empowered it to expand into new geographic markets, like Singapore and Australia, and adjacent business lines, like IPO underwriting. Moreover, unlike so many other fast-growing companies, Tiger has actually begun to turn a profit, gaining enough operating leverage to achieve a respectable 21% pretax profit margin in the third quarter.</p><p>We believe Tiger has a long runway for continued growth. Though China is famous for its high savings rate, households have tended to invest in real estate and bank deposits, with equities accounting for a much smaller fraction of total wealth than in Western developed markets. But as more Chinese investors, especially young ones, become familiar with global capital markets, portfolios are shifting, freeing up a gargantuan addressable market. Already, Chinese household wealth totals $78 trillion, and we estimate that in 10 years it will exceed $200 trillion – almost twice the current US level. There will be room for multiple online brokerages worth tens of billions of dollars, and we believe Tiger – currently valued at $2.7 billion – will be <a href=\"https://laohu8.com/S/AONE.U\">one</a> of them.</p><p>Despite its impressive track record and vast potential, Tiger has been overlooked. According to Bloomberg, zero sell-side firms cover the company; during its past three earnings calls, only two people, on average, asked questions. It’s time to enter the tiger’s den before it gets crowded.</p><p><i>Disclaimer: As of the publication date of this report, Kerrisdale Capital Management, LLC and its affiliates (collectively, “Kerrisdale”), have long positions in the stock of UP Fintech Holding Limited (the “Company”). Kerrisdale stands to realize gains in the event that the price of the stock increases. Following publication, Kerrisdale may transact in the securities of the Company. All expressions of opinion are subject to change without notice, and Kerrisdale does not undertake to update this report or any information herein. Please read our full legal disclaimer at the end of this report.</i></p><p><b>Company Overview</b></p><p><img src=\"https://static.tigerbbs.com/18e6d829da2e23cc2b71a0304cc45fa6\" tg-width=\"644\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p>Founded in 2014 by Tianhua Wu, a Tsinghua University computer-science graduate and former employee at the US-listed Chinese internet giant NetEase, Tiger Brokers began with nothing but a vision: to make it easier for Chinese-speaking investors to trade securities globally. In mainland China, companies listed on the local, RMB-denominated Shanghai and Shenzhen stock exchanges tend to be somewhat sleepy, weighted toward traditional financial and industrial firms, while up-and-coming high-tech businesses, often lacking the track record of profitability required by the exchanges, usually go public on Hong Kong or US-based exchanges. But this makes it difficult for mainland Chinese investors to actually buy into those businesses, let alone diversify their portfolios into non-Chinese assets, because capital controls designed to prop up the value of the Chinese currency limit the purchase of foreign currency to USD 50,000 per person per year, and traditional local brokerages, with their focus on face-toface interaction and brick-and-mortar respectability, haven’t made it straightforward for normal people to put dollars to work in offshore trading. Even beyond the legal restrictions of mainland China, Chinese-speaking investors globally suffered from a lack of easy-to-use online brokerage services in their own language.</p><p>By distilling this process of funding and trading into a single user-friendly mobile app, Tiger quickly caught on among younger Chinese investors, especially relatively affluent participants in the internet sector; according to a 2017 article in the South China Morning Post, “The majority of Tiger users are male, live in first-tier Chinese cities and work for technology and financial firms, so they have always been familiar with the technology, media, telecom (TMT) sectors. Some even own foreign assets because they work for companies that have had overseas initial public offerings…Nearly 60 per cent of Tiger users were born after 1985.” (Robinhood users in the US likely have very similar demographics.) By focusing initially on trading in US-listed equities, Tiger bypassed the need to obtain a Chinese brokerage license, the supply of which is very tightly controlled; instead, Tiger users acquire dollars on their own, then wire them to <a href=\"https://laohu8.com/S/AONE\">one</a> of Tiger’s offshore-domiciled brokerage entities. The business is managed from Beijing but, for legal purposes, the customer trades are conducted elsewhere.</p><p>Initially, as Tiger worked to build out its own technology, it used Interactive Brokers to process and clear its customers’ trades, which allowed it to launch new products more quickly but cut into profitability. Last year, however, after acquiring a US-based broker, Tiger began to selfclear more of its trades and move toward full independence. In fact, Interactive Brokers – a major player in the US online brokerage sector for decades, with a ~$30 billion market cap -- recognized Tiger’s potential from early on and made a strategic investment in its shares; it now owns 7.6% of the company (source: Interactive Brokers 2019 Q3 10-Q). (Xiaomi, the massive mobile device maker, was also an early investor and currently owns 12% of Tiger (source: Capital IQ).) Interactive Brokers’ discussion of its decision to invest in Tiger nicely illustrates Tiger’s strengths: in April 2019, it spoke of Tiger’s “huge potential” and “technological excellence,” and in June 2019 added: We recently invested in Tiger Brokers, which is one of our largest introducing broker customers. And we have found that, that is more effective because we don't usually find that somebody has better technology, but that they have, like in the case of Tiger, had a Chinese language mobile app that was impressive and that they had managed to crack that nut certainly more quickly than we would have been able to.</p><p>Today, Tiger continues to crack the nut of mobile trading for a Chinese-speaking audience, hitting the “million-account milestone faster than any other online brokerage firm focusing on global Chinese investors,” according to the company. Though the business model remains fairly simple – revenue is dominated by commissions (55% of the total in the latest reported quarter) and net interest income, primarily derived from margin loans (20%), with expenses dominated by the cost of software engineers – Tiger has begun to expand into adjacent business lines, including IPO underwriting (helping its customers gain early access to newly US-listed Chinese companies) and the management of employee stock ownership plans (serving many of those same companies). To be sure, Tiger has competition, primarily from Futu, another up-andcoming China-focused low-cost online broker (currently valued at $15 billion). But with such a large and rapidly growing addressable market, competition hasn’t stopped Tiger from consistently winning new business.</p><p><b>Tiger Has an Impressive Track Record of Growth </b></p><p>As previously stated, Tiger’s total customer accounts began to exceed 1 million in the past few months – an impressive achievement after just a few years in operation, with limited marketing. But there’s an important wrinkle: due mainly to the frictions and restrictions involved in converting RMB into foreign currency, only a fraction of those accounts have actually been funded with deposits; total funded accounts stand at only 215,000 as of 9/30/2020. But this number too has been growing exponentially:</p><p><img src=\"https://static.tigerbbs.com/c04bd85cc1082f92508d05d7cf2687aa\" tg-width=\"494\" tg-height=\"378\" referrerpolicy=\"no-referrer\"></p><p>The large gap between total accounts and funded accounts illustrates the huge latent demand for Tiger’s services: assuming users are opening accounts because they intend to eventually use them to trade – the process involves submitting official government identity documents and other personal information, so it’s unlikely to be done on a lark – Tiger has the potential to increase funded accounts by a factor of 4.5x just by converting existing customers, let alone attracting new ones.</p><p>While the trading volume generated by funded accounts fluctuates based on sentiment, recent market returns, and other difficult-to-predict factors, aggregate quarterly trading volume has generally increased over time, from zero to $63 billion in the third quarter of 2020.</p><p><img src=\"https://static.tigerbbs.com/9247eb383d78f50e4194d69c9260caae\" tg-width=\"494\" tg-height=\"378\" referrerpolicy=\"no-referrer\"></p><p>We expect this strength in trading volume to persist into the fourth quarter and beyond. Interactive Brokers, for instance, recently reported that in the fourth quarter its DARTs (daily average revenue trades) increased 165% year-over-year. COVID-19-related market volatility, increased time spent at home, and strong recent returns have all combined to foster greater enthusiasm for trading across the world.</p><p>Of course, given Tiger’s strategy of enticing customers with convenience and low cost, it takes a lot of trading volume to generate meaningful revenues; at an average commission rate of only 3 basis points, scale is essential. But Tiger has already proven that it can produce not only revenue but profit. Unlike many publicly traded start-ups that never seem to achieve operating leverage, Tiger has begun to generate consistent and growing profits even while continuing to invest in personnel and technology:</p><p><img src=\"https://static.tigerbbs.com/ca4d7e73bdbb5c85c00a92f42e8d59e8\" tg-width=\"616\" tg-height=\"445\" referrerpolicy=\"no-referrer\"></p><p>Note: operating expenses for 2018 Q2 exclude $32.4 million in one-time share-based compensation expense in order to better illustrate the long-term trend.</p><p>We believe that Tiger’s operating margin – already at 21% in the third quarter of 2020 – can continue to expand over time. The experience of the American online brokers illustrates the possibilities. Despite intense competition for customers (including bonuses for opening new accounts and constant pressure on fee levels), as well as the negative impact of low interest rates, in recent years both E*TRADE and TD Ameritrade managed to consistently produce ~40% operating margins on billions of dollars in revenue:</p><p><img src=\"https://static.tigerbbs.com/b769cf9055dbaed2e592cefc50a4c015\" tg-width=\"572\" tg-height=\"315\" referrerpolicy=\"no-referrer\"></p><p>Note: E*TRADE operating income for 2015 excludes $413 million pre-tax charge on the termination of legacy wholesale funding obligations.</p><p>We see the same margin potential for Tiger because of the basic nature of the online brokerage business model: although creating reliable and user-friendly infrastructure for self-directed retail trading is difficult and costly, each incremental trade that flows through that infrastructure incurs little to no expenses (especially as Tigers shifts toward self-clearing). Increased revenue from increased trading can then drop straight to the bottom line – and if Tiger continues to succeed at reaching the huge, underserved market for global securities trading by Chinese investors, revenue will continue to increase.</p><p><b>Tiger Is Tapping into a Massive and Fast-Growing Addressable Market </b></p><p>While it’s become a cliché to wax poetic about the size of the Chinese market for various products and services, some clichés happen to be true, and the addressable market for Chinese securities trading truly is vast. At the most basic level, traders aim to put their money to work, and rapid economic growth means that the Chinese population has more and more money to deploy. According to Credit Suisse’s Global Wealth Report, China is now home to the second largest amount of aggregate household wealth in the world (after the United States), and average wealth per adult has increased exponentially over the past two decades:</p><p><img src=\"https://static.tigerbbs.com/6270619415c2bc13ee62fd1e937aa077\" tg-width=\"582\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p><p>In fact, without making any heroic assumptions but simply by extrapolating from recent secular trends, we expect that total household wealth in China will exceed that in the US within the next 10 years, at which point household wealth in China will be more than $200 trillion – almost double what it is the US today:</p><p><img src=\"https://static.tigerbbs.com/7d12f60f8df429602c90f99518eca38d\" tg-width=\"575\" tg-height=\"140\" referrerpolicy=\"no-referrer\"></p><p>However, Chinese households have historically allocated their wealth quite differently from their American counterparts, investing heavily in real estate and, within the realm of financial assets, in simple bank deposits, not stocks and bonds. But that behavior is changing – a trend that has attracted much attention from observers of the global asset-management industry. Deloitte, for instance, recently estimated that by 2023 China’s “total addressable retail financial wealth is expected to reach US$30.2 trillion” – yet only a tenth of that is expected to be managed by local Chinese investment funds. The potential for Chinese households to rebalance their evergrowing portfolios into a wider range of financial assets is clearly vast, and there will be opportunities for many large players to carve out their own niches. Tiger is well positioned to be one of them, just as online discount brokers in the United States have created tens of billions of dollars of shareholder value even in the face of competition from more traditional brick-andmortar brokers – and each other. With a hundred-trillion-dollar market up for grabs, the runway for growth can extend a long way indeed.</p><p>An additional tailwind for Tiger is that its initial brand focus on giving Chinese traders access to US stocks aligns well with Chinese investors’ long-term need to diversify globally. The local Shanghai and Shenzhen stock exchanges that have been by far the easiest for Chinese citizens to access contain just ~10% of global equities by market value; in contrast, the NYSE and Nasdaq contain nearly half. In the long run, Chinese investors, whether conservative indexers or aggressive speculators, won’t be content with exclusively local stocks; they will seek to broaden their portfolios globally, and Tiger will make it easy for them to do it.</p><p><b>Conclusion </b></p><p>What’s remarkable about Robinhood’s $20 billion value is not just that it was created in a short period of time; it’s also that it emerged within what appeared to be a mature, saturated market. E*TRADE was founded in 1982 and went public in 1996; the concept of low-cost, online stock trading was hardly a new one in 2015. Yet Robinhood proved that the amount of tradeable wealth in the hands of relatively young and tech-savvy Americans was large enough to accommodate a new $20-billion player. Given the rapid growth in China’s wealth and the more nascent state of its retail investing industry, the opportunity that lays before Tiger is, if anything, larger. In the old Disney animated movie, Robin Hood is a fox – but we think a tiger is even better.</p><p><b>Full Legal Disclaimer </b></p><p>As of the publication date of this report, Kerrisdale Capital Management LLC and its affiliates (collectively \"Kerrisdale\") have long positions in the stock of UP Fintech Holding Limited (“TIGR”). In addition, others that contributed research to this report and others that we have shared our research with (collectively with Kerrisdale, the “Authors”) likewise may have long positions in the stock of TIGR. The Authors stand to realize gains in the event that the price of the stock increases. Following publication of the report, the Authors may transact in the securities of the company covered herein. All content in this report represent the opinions of Kerrisdale. The Authors have obtained all information herein from sources they believe to be accurate and reliable. However, such information is presented “as is,” without warranty of any kind – whether express or implied. The Authors make no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results obtained from its use. All expressions of opinion are subject to change without notice, and the Authors do not undertake to update or supplement this report or any information contained herein. This report is not a recommendation to purchase the shares of any company, including TIGR, and is only a discussion of why Kerrisdale is long TIGR.</p><p>This document is for informational purposes only and it is not intended as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. The information included in this document is based upon selected public market data and reflects prevailing conditions and the Authors’ views as of this date, all of which are accordingly subject to change. The Authors’ opinions and estimates constitute a best efforts judgment and should be regarded as indicative, preliminary and for illustrative purposes only.</p><p>Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This report’s estimated fundamental value only represents a best efforts estimate of the potential fundamental valuation of a specific security, and is not expressed as, or implied as, assessments of the quality of a security, a summary of past performance, or an actionable investment strategy for an investor. This document does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein or of any of the affiliates of the Authors. Also, this document does not in any way constitute an offer or solicitation of an offer to buy or sell any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction. To the best of the Authors’ abilities and beliefs, all information contained herein is accurate and reliable. The Authors reserve the rights for their affiliates, officers, and employees to hold cash or derivative positions in any company discussed in this document at any time. As of the original publication date of this document, investors should assume that the Authors are long shares of TIGR and stand to potentially realize gains in the event that the market valuation of the company’s common equity is higher than prior to the original publication date. These affiliates, officers, and individuals shall have no obligation to inform any investor or viewer of this report about their historical, current, and future trading activities. In addition, the Authors may benefit from any change in the valuation of any other companies, securities, or commodities discussed in this document. Analysts who prepared this report are compensated based upon (among other factors) the overall profitability of the Authors’ operations and their affiliates. The compensation structure for the Authors’ analysts is generally a derivative of their effectiveness in generating and communicating new investment ideas and the performance of recommended strategies for the Authors. This could represent a potential conflict of interest in the statements and opinions in the Authors’ documents.</p><p>The information contained in this document may include, or incorporate by reference, forwardlooking statements, which would include any statements that are not statements of historical fact. Any or all of the Authors’ forward-looking assumptions, expectations, projections, intentions or beliefs about future events may turn out to be wrong. These forward-looking statements can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, most of which are beyond the Authors’ control. Investors should conduct independent due diligence, with assistance from professional financial, legal and tax experts, on all securities, companies, and commodities discussed in this document and develop a stand-alone judgment of the relevant markets prior to making any investment decision.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Robinhood of China:UP Fintech Holding Limited (TIGR)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Robinhood of China:UP Fintech Holding Limited (TIGR)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 23:24 GMT+8 <a href=https://seekingalpha.com/article/4402639-up-fintech-holding-limited-robinhood-of-china><strong>seekingalpha.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We are long shares of UP Fintech, the holding company of Tiger Brokers, which we believe is positioned to become the Robinhood of China. Love it or hate it, you have to admit that Robinhood has ...</p>\n\n<a href=\"https://seekingalpha.com/article/4402639-up-fintech-holding-limited-robinhood-of-china\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f8fbd3945fc25f78aa515751833f5c9","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4402639-up-fintech-holding-limited-robinhood-of-china","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174038896","content_text":"We are long shares of UP Fintech, the holding company of Tiger Brokers, which we believe is positioned to become the Robinhood of China. Love it or hate it, you have to admit that Robinhood has created an enormous amount of value for its investors in a very short time: having debuted its trading app in 2015, the company is now reportedly valued at more than $20 billion. Even in a market full of established online brokerages like E*TRADE (recently acquired for $13 billion) and TD Ameritrade (recently acquired for $26 billion), Robinhood carved out a sizable niche for itself with its low fees, user-friendly design, and mobile-first approach.Tiger Brokers shares a similar approach but in a less mature market. Founded by a Tsinghua University computer-science graduate then in his late twenties, Tiger also launched in 2015; today, it has more than a million customer accounts, and its app facilitates over a billion dollars’ worth of trades every day (more than double the prior year’s level). With its low fees (commissions average 0.03%) and sleek design, Tiger has rapidly gained a following among tech-savvy Chinese millennials – 72% of its customers are under 35 years old – in part by making it cheaper and easier for Chinese citizens to invest in US-listed stocks. A strange aspect of the immense growth in the Chinese economy is that many of China’s most prominent and exciting firms, like Alibaba and NIO, trade on American stock exchanges, which ordinary Chinese citizens have historically had difficulty getting access to. By streamlining and simplifying the process, Tiger has outflanked incumbent banks and brokers, which have traditionally focused on serving older and wealthier clients via physical offices and in-person salesmanship. Tiger’s entrepreneurial spirit and scalable technology have also empowered it to expand into new geographic markets, like Singapore and Australia, and adjacent business lines, like IPO underwriting. Moreover, unlike so many other fast-growing companies, Tiger has actually begun to turn a profit, gaining enough operating leverage to achieve a respectable 21% pretax profit margin in the third quarter.We believe Tiger has a long runway for continued growth. Though China is famous for its high savings rate, households have tended to invest in real estate and bank deposits, with equities accounting for a much smaller fraction of total wealth than in Western developed markets. But as more Chinese investors, especially young ones, become familiar with global capital markets, portfolios are shifting, freeing up a gargantuan addressable market. Already, Chinese household wealth totals $78 trillion, and we estimate that in 10 years it will exceed $200 trillion – almost twice the current US level. There will be room for multiple online brokerages worth tens of billions of dollars, and we believe Tiger – currently valued at $2.7 billion – will be one of them.Despite its impressive track record and vast potential, Tiger has been overlooked. According to Bloomberg, zero sell-side firms cover the company; during its past three earnings calls, only two people, on average, asked questions. It’s time to enter the tiger’s den before it gets crowded.Disclaimer: As of the publication date of this report, Kerrisdale Capital Management, LLC and its affiliates (collectively, “Kerrisdale”), have long positions in the stock of UP Fintech Holding Limited (the “Company”). Kerrisdale stands to realize gains in the event that the price of the stock increases. Following publication, Kerrisdale may transact in the securities of the Company. All expressions of opinion are subject to change without notice, and Kerrisdale does not undertake to update this report or any information herein. Please read our full legal disclaimer at the end of this report.Company OverviewFounded in 2014 by Tianhua Wu, a Tsinghua University computer-science graduate and former employee at the US-listed Chinese internet giant NetEase, Tiger Brokers began with nothing but a vision: to make it easier for Chinese-speaking investors to trade securities globally. In mainland China, companies listed on the local, RMB-denominated Shanghai and Shenzhen stock exchanges tend to be somewhat sleepy, weighted toward traditional financial and industrial firms, while up-and-coming high-tech businesses, often lacking the track record of profitability required by the exchanges, usually go public on Hong Kong or US-based exchanges. But this makes it difficult for mainland Chinese investors to actually buy into those businesses, let alone diversify their portfolios into non-Chinese assets, because capital controls designed to prop up the value of the Chinese currency limit the purchase of foreign currency to USD 50,000 per person per year, and traditional local brokerages, with their focus on face-toface interaction and brick-and-mortar respectability, haven’t made it straightforward for normal people to put dollars to work in offshore trading. Even beyond the legal restrictions of mainland China, Chinese-speaking investors globally suffered from a lack of easy-to-use online brokerage services in their own language.By distilling this process of funding and trading into a single user-friendly mobile app, Tiger quickly caught on among younger Chinese investors, especially relatively affluent participants in the internet sector; according to a 2017 article in the South China Morning Post, “The majority of Tiger users are male, live in first-tier Chinese cities and work for technology and financial firms, so they have always been familiar with the technology, media, telecom (TMT) sectors. Some even own foreign assets because they work for companies that have had overseas initial public offerings…Nearly 60 per cent of Tiger users were born after 1985.” (Robinhood users in the US likely have very similar demographics.) By focusing initially on trading in US-listed equities, Tiger bypassed the need to obtain a Chinese brokerage license, the supply of which is very tightly controlled; instead, Tiger users acquire dollars on their own, then wire them to one of Tiger’s offshore-domiciled brokerage entities. The business is managed from Beijing but, for legal purposes, the customer trades are conducted elsewhere.Initially, as Tiger worked to build out its own technology, it used Interactive Brokers to process and clear its customers’ trades, which allowed it to launch new products more quickly but cut into profitability. Last year, however, after acquiring a US-based broker, Tiger began to selfclear more of its trades and move toward full independence. In fact, Interactive Brokers – a major player in the US online brokerage sector for decades, with a ~$30 billion market cap -- recognized Tiger’s potential from early on and made a strategic investment in its shares; it now owns 7.6% of the company (source: Interactive Brokers 2019 Q3 10-Q). (Xiaomi, the massive mobile device maker, was also an early investor and currently owns 12% of Tiger (source: Capital IQ).) Interactive Brokers’ discussion of its decision to invest in Tiger nicely illustrates Tiger’s strengths: in April 2019, it spoke of Tiger’s “huge potential” and “technological excellence,” and in June 2019 added: We recently invested in Tiger Brokers, which is one of our largest introducing broker customers. And we have found that, that is more effective because we don't usually find that somebody has better technology, but that they have, like in the case of Tiger, had a Chinese language mobile app that was impressive and that they had managed to crack that nut certainly more quickly than we would have been able to.Today, Tiger continues to crack the nut of mobile trading for a Chinese-speaking audience, hitting the “million-account milestone faster than any other online brokerage firm focusing on global Chinese investors,” according to the company. Though the business model remains fairly simple – revenue is dominated by commissions (55% of the total in the latest reported quarter) and net interest income, primarily derived from margin loans (20%), with expenses dominated by the cost of software engineers – Tiger has begun to expand into adjacent business lines, including IPO underwriting (helping its customers gain early access to newly US-listed Chinese companies) and the management of employee stock ownership plans (serving many of those same companies). To be sure, Tiger has competition, primarily from Futu, another up-andcoming China-focused low-cost online broker (currently valued at $15 billion). But with such a large and rapidly growing addressable market, competition hasn’t stopped Tiger from consistently winning new business.Tiger Has an Impressive Track Record of Growth As previously stated, Tiger’s total customer accounts began to exceed 1 million in the past few months – an impressive achievement after just a few years in operation, with limited marketing. But there’s an important wrinkle: due mainly to the frictions and restrictions involved in converting RMB into foreign currency, only a fraction of those accounts have actually been funded with deposits; total funded accounts stand at only 215,000 as of 9/30/2020. But this number too has been growing exponentially:The large gap between total accounts and funded accounts illustrates the huge latent demand for Tiger’s services: assuming users are opening accounts because they intend to eventually use them to trade – the process involves submitting official government identity documents and other personal information, so it’s unlikely to be done on a lark – Tiger has the potential to increase funded accounts by a factor of 4.5x just by converting existing customers, let alone attracting new ones.While the trading volume generated by funded accounts fluctuates based on sentiment, recent market returns, and other difficult-to-predict factors, aggregate quarterly trading volume has generally increased over time, from zero to $63 billion in the third quarter of 2020.We expect this strength in trading volume to persist into the fourth quarter and beyond. Interactive Brokers, for instance, recently reported that in the fourth quarter its DARTs (daily average revenue trades) increased 165% year-over-year. COVID-19-related market volatility, increased time spent at home, and strong recent returns have all combined to foster greater enthusiasm for trading across the world.Of course, given Tiger’s strategy of enticing customers with convenience and low cost, it takes a lot of trading volume to generate meaningful revenues; at an average commission rate of only 3 basis points, scale is essential. But Tiger has already proven that it can produce not only revenue but profit. Unlike many publicly traded start-ups that never seem to achieve operating leverage, Tiger has begun to generate consistent and growing profits even while continuing to invest in personnel and technology:Note: operating expenses for 2018 Q2 exclude $32.4 million in one-time share-based compensation expense in order to better illustrate the long-term trend.We believe that Tiger’s operating margin – already at 21% in the third quarter of 2020 – can continue to expand over time. The experience of the American online brokers illustrates the possibilities. Despite intense competition for customers (including bonuses for opening new accounts and constant pressure on fee levels), as well as the negative impact of low interest rates, in recent years both E*TRADE and TD Ameritrade managed to consistently produce ~40% operating margins on billions of dollars in revenue:Note: E*TRADE operating income for 2015 excludes $413 million pre-tax charge on the termination of legacy wholesale funding obligations.We see the same margin potential for Tiger because of the basic nature of the online brokerage business model: although creating reliable and user-friendly infrastructure for self-directed retail trading is difficult and costly, each incremental trade that flows through that infrastructure incurs little to no expenses (especially as Tigers shifts toward self-clearing). Increased revenue from increased trading can then drop straight to the bottom line – and if Tiger continues to succeed at reaching the huge, underserved market for global securities trading by Chinese investors, revenue will continue to increase.Tiger Is Tapping into a Massive and Fast-Growing Addressable Market While it’s become a cliché to wax poetic about the size of the Chinese market for various products and services, some clichés happen to be true, and the addressable market for Chinese securities trading truly is vast. At the most basic level, traders aim to put their money to work, and rapid economic growth means that the Chinese population has more and more money to deploy. According to Credit Suisse’s Global Wealth Report, China is now home to the second largest amount of aggregate household wealth in the world (after the United States), and average wealth per adult has increased exponentially over the past two decades:In fact, without making any heroic assumptions but simply by extrapolating from recent secular trends, we expect that total household wealth in China will exceed that in the US within the next 10 years, at which point household wealth in China will be more than $200 trillion – almost double what it is the US today:However, Chinese households have historically allocated their wealth quite differently from their American counterparts, investing heavily in real estate and, within the realm of financial assets, in simple bank deposits, not stocks and bonds. But that behavior is changing – a trend that has attracted much attention from observers of the global asset-management industry. Deloitte, for instance, recently estimated that by 2023 China’s “total addressable retail financial wealth is expected to reach US$30.2 trillion” – yet only a tenth of that is expected to be managed by local Chinese investment funds. The potential for Chinese households to rebalance their evergrowing portfolios into a wider range of financial assets is clearly vast, and there will be opportunities for many large players to carve out their own niches. Tiger is well positioned to be one of them, just as online discount brokers in the United States have created tens of billions of dollars of shareholder value even in the face of competition from more traditional brick-andmortar brokers – and each other. With a hundred-trillion-dollar market up for grabs, the runway for growth can extend a long way indeed.An additional tailwind for Tiger is that its initial brand focus on giving Chinese traders access to US stocks aligns well with Chinese investors’ long-term need to diversify globally. The local Shanghai and Shenzhen stock exchanges that have been by far the easiest for Chinese citizens to access contain just ~10% of global equities by market value; in contrast, the NYSE and Nasdaq contain nearly half. In the long run, Chinese investors, whether conservative indexers or aggressive speculators, won’t be content with exclusively local stocks; they will seek to broaden their portfolios globally, and Tiger will make it easy for them to do it.Conclusion What’s remarkable about Robinhood’s $20 billion value is not just that it was created in a short period of time; it’s also that it emerged within what appeared to be a mature, saturated market. E*TRADE was founded in 1982 and went public in 1996; the concept of low-cost, online stock trading was hardly a new one in 2015. Yet Robinhood proved that the amount of tradeable wealth in the hands of relatively young and tech-savvy Americans was large enough to accommodate a new $20-billion player. Given the rapid growth in China’s wealth and the more nascent state of its retail investing industry, the opportunity that lays before Tiger is, if anything, larger. In the old Disney animated movie, Robin Hood is a fox – but we think a tiger is even better.Full Legal Disclaimer As of the publication date of this report, Kerrisdale Capital Management LLC and its affiliates (collectively \"Kerrisdale\") have long positions in the stock of UP Fintech Holding Limited (“TIGR”). In addition, others that contributed research to this report and others that we have shared our research with (collectively with Kerrisdale, the “Authors”) likewise may have long positions in the stock of TIGR. The Authors stand to realize gains in the event that the price of the stock increases. Following publication of the report, the Authors may transact in the securities of the company covered herein. All content in this report represent the opinions of Kerrisdale. The Authors have obtained all information herein from sources they believe to be accurate and reliable. However, such information is presented “as is,” without warranty of any kind – whether express or implied. The Authors make no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results obtained from its use. All expressions of opinion are subject to change without notice, and the Authors do not undertake to update or supplement this report or any information contained herein. This report is not a recommendation to purchase the shares of any company, including TIGR, and is only a discussion of why Kerrisdale is long TIGR.This document is for informational purposes only and it is not intended as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. The information included in this document is based upon selected public market data and reflects prevailing conditions and the Authors’ views as of this date, all of which are accordingly subject to change. The Authors’ opinions and estimates constitute a best efforts judgment and should be regarded as indicative, preliminary and for illustrative purposes only.Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This report’s estimated fundamental value only represents a best efforts estimate of the potential fundamental valuation of a specific security, and is not expressed as, or implied as, assessments of the quality of a security, a summary of past performance, or an actionable investment strategy for an investor. This document does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein or of any of the affiliates of the Authors. Also, this document does not in any way constitute an offer or solicitation of an offer to buy or sell any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction. To the best of the Authors’ abilities and beliefs, all information contained herein is accurate and reliable. The Authors reserve the rights for their affiliates, officers, and employees to hold cash or derivative positions in any company discussed in this document at any time. As of the original publication date of this document, investors should assume that the Authors are long shares of TIGR and stand to potentially realize gains in the event that the market valuation of the company’s common equity is higher than prior to the original publication date. These affiliates, officers, and individuals shall have no obligation to inform any investor or viewer of this report about their historical, current, and future trading activities. In addition, the Authors may benefit from any change in the valuation of any other companies, securities, or commodities discussed in this document. Analysts who prepared this report are compensated based upon (among other factors) the overall profitability of the Authors’ operations and their affiliates. The compensation structure for the Authors’ analysts is generally a derivative of their effectiveness in generating and communicating new investment ideas and the performance of recommended strategies for the Authors. This could represent a potential conflict of interest in the statements and opinions in the Authors’ documents.The information contained in this document may include, or incorporate by reference, forwardlooking statements, which would include any statements that are not statements of historical fact. Any or all of the Authors’ forward-looking assumptions, expectations, projections, intentions or beliefs about future events may turn out to be wrong. These forward-looking statements can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, most of which are beyond the Authors’ control. Investors should conduct independent due diligence, with assistance from professional financial, legal and tax experts, on all securities, companies, and commodities discussed in this document and develop a stand-alone judgment of the relevant markets prior to making any investment decision.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317994470,"gmtCreate":1612404440990,"gmtModify":1704870706094,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317994470","repostId":"304311764","repostType":1,"repost":{"id":304311764,"gmtCreate":1605145075458,"gmtModify":1704959260527,"author":{"id":"3555454287587782","authorId":"3555454287587782","name":"元气资本","avatar":"https://static.tigerbbs.com/4d2841eae5735e1e3d8cc3e55c228a33","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555454287587782","authorIdStr":"3555454287587782"},"themes":[],"title":"Lululemon:一條瑜伽褲的底層增長邏輯|「雙11」觀察","htmlText":"“面料科技現在還不是公司核心壁壘。” 本文爲元氣資本第47篇原創文章分析師)寧泊爲核心內容1、 <a target=\"_blank\" href=\"https://laohu8.com/S/LULU\">$lululemon athletica(LULU)$</a> 成功的核心資產是什麼?2、 爲什麼說公司強調的“面料科技”,並非其現在的核心壁壘?3、未來Lululemon將如何進一步圍繞核心資產破圈?1998年創立於加拿大的Lululemon(LULU.US),22年後成爲在運動服飾領域不可忽視的公司。過去十年,公司股價年複合上漲23.81%,同期Nike的股價年複合上漲只有3.1%。這是一家憑藉“高客單+高復購”模型、在規模和盈利上實現長期高增長的公司——不僅股價表現遠超同行,增速同樣跑贏競爭對手,2007年-2019年收入複合增速爲25%,UA(Under Armour)、Nike、Adidas分別爲20%、7%、7%。在這些優異的表現之外,Lululemon的歷史數據中的兩項有趣的“特質”吸引了元氣資本的注意:第一,公司從未出現銷售規模下滑;第二,在2017年之後,其他三大品牌均出現增速放緩,而Lululemon逆勢加速增長。是怎樣的因素造就了這樣的增長?又是什麼在推動新的變化?帶着對Lululemon股價和業績的“好奇”,元氣資本對多家Lululemon的門店、材料供應商、渠道經銷商進行了調研、分析,梳理品牌背後的底層邏輯,同時也打破了一些對公司成長因素的“常規”認知。細節成就一切Lululemon的創始人Chip Wilson曾在2007年接受採訪時說:“我的專長在於洞察發現流行的運動項目和服裝的時尚趨勢。”結合案例,我們對這句話的理解爲“發現細節”,以及發現“細節中的變化”。1979年,Wilson成立了Westbeach,這是一個由衝浪服裝","listText":"“面料科技現在還不是公司核心壁壘。” 本文爲元氣資本第47篇原創文章分析師)寧泊爲核心內容1、 <a target=\"_blank\" href=\"https://laohu8.com/S/LULU\">$lululemon athletica(LULU)$</a> 成功的核心資產是什麼?2、 爲什麼說公司強調的“面料科技”,並非其現在的核心壁壘?3、未來Lululemon將如何進一步圍繞核心資產破圈?1998年創立於加拿大的Lululemon(LULU.US),22年後成爲在運動服飾領域不可忽視的公司。過去十年,公司股價年複合上漲23.81%,同期Nike的股價年複合上漲只有3.1%。這是一家憑藉“高客單+高復購”模型、在規模和盈利上實現長期高增長的公司——不僅股價表現遠超同行,增速同樣跑贏競爭對手,2007年-2019年收入複合增速爲25%,UA(Under Armour)、Nike、Adidas分別爲20%、7%、7%。在這些優異的表現之外,Lululemon的歷史數據中的兩項有趣的“特質”吸引了元氣資本的注意:第一,公司從未出現銷售規模下滑;第二,在2017年之後,其他三大品牌均出現增速放緩,而Lululemon逆勢加速增長。是怎樣的因素造就了這樣的增長?又是什麼在推動新的變化?帶着對Lululemon股價和業績的“好奇”,元氣資本對多家Lululemon的門店、材料供應商、渠道經銷商進行了調研、分析,梳理品牌背後的底層邏輯,同時也打破了一些對公司成長因素的“常規”認知。細節成就一切Lululemon的創始人Chip Wilson曾在2007年接受採訪時說:“我的專長在於洞察發現流行的運動項目和服裝的時尚趨勢。”結合案例,我們對這句話的理解爲“發現細節”,以及發現“細節中的變化”。1979年,Wilson成立了Westbeach,這是一個由衝浪服裝","text":"“面料科技現在還不是公司核心壁壘。” 本文爲元氣資本第47篇原創文章分析師)寧泊爲核心內容1、 $lululemon athletica(LULU)$ 成功的核心資產是什麼?2、 爲什麼說公司強調的“面料科技”,並非其現在的核心壁壘?3、未來Lululemon將如何進一步圍繞核心資產破圈?1998年創立於加拿大的Lululemon(LULU.US),22年後成爲在運動服飾領域不可忽視的公司。過去十年,公司股價年複合上漲23.81%,同期Nike的股價年複合上漲只有3.1%。這是一家憑藉“高客單+高復購”模型、在規模和盈利上實現長期高增長的公司——不僅股價表現遠超同行,增速同樣跑贏競爭對手,2007年-2019年收入複合增速爲25%,UA(Under Armour)、Nike、Adidas分別爲20%、7%、7%。在這些優異的表現之外,Lululemon的歷史數據中的兩項有趣的“特質”吸引了元氣資本的注意:第一,公司從未出現銷售規模下滑;第二,在2017年之後,其他三大品牌均出現增速放緩,而Lululemon逆勢加速增長。是怎樣的因素造就了這樣的增長?又是什麼在推動新的變化?帶着對Lululemon股價和業績的“好奇”,元氣資本對多家Lululemon的門店、材料供應商、渠道經銷商進行了調研、分析,梳理品牌背後的底層邏輯,同時也打破了一些對公司成長因素的“常規”認知。細節成就一切Lululemon的創始人Chip Wilson曾在2007年接受採訪時說:“我的專長在於洞察發現流行的運動項目和服裝的時尚趨勢。”結合案例,我們對這句話的理解爲“發現細節”,以及發現“細節中的變化”。1979年,Wilson成立了Westbeach,這是一個由衝浪服裝","images":[{"img":"https://static.tigerbbs.com/d6637f938cb165b589af109699b50909","width":"688","height":"194"},{"img":"https://static.tigerbbs.com/a49c1e3f1e94eba03b42c5c44fba8f5e","width":"680","height":"668"},{"img":"https://static.tigerbbs.com/1a163b25b4f5be2d59a55421227311c5","width":"688","height":"220"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/304311764","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":395981865644616,"gmtCreate":1737700288874,"gmtModify":1737700292841,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"[Surprised] [Surprised] [Surprised] ","listText":"[Surprised] [Surprised] [Surprised] ","text":"[Surprised] [Surprised] [Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/395981865644616","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9085980896,"gmtCreate":1650634470243,"gmtModify":1676534767447,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"[Heart] ","listText":"[Heart] 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Inc.(NIO)$[Speechless]","images":[{"img":"https://static.itradeup.com/news/c0def1657d5c7fd69a9fe5dd3af71444","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031661167","isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9093133362,"gmtCreate":1643549712871,"gmtModify":1676533830168,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Show off lol","listText":"Show off lol","text":"Show off lol","images":[{"img":"https://static.itradeup.com/news/ef6173d77e5c0b4233f193d5ee62df90","width":"1080","height":"1432"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093133362","isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9001730848,"gmtCreate":1641313290086,"gmtModify":1676533596938,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$SEA LTD(SE)$</a>[Thinking] ","listText":"<a href=\"https://ttm.financial/S/SE\">$SEA LTD(SE)$</a>[Thinking] ","text":"$SEA 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","text":"[Wow]","images":[{"img":"https://static.itradeup.com/news/5c4c9ca2695a371ac1530604b14e27fb","width":"1080","height":"1432"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003959997","isVote":1,"tweetType":1,"viewCount":320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":895609068,"gmtCreate":1628736186554,"gmtModify":1676529837064,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/895609068","repostId":"146135203","repostType":1,"repost":{"id":146135203,"gmtCreate":1626057999999,"gmtModify":1703752520422,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"【老虎財報季】寫財報分析,贏取老虎限量商務套裝","htmlText":"參與《老虎財報季》贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。Q2財報季即將拉開序幕,美國六大銀行將在本週率先公佈財報,隨後將迎來大家最關心的科技股財報。小虎君想邀請虎友們,分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,就有機會贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。【參與方式】 在“<a href=\"https://laohu8.com/RN?name=RNTheme&page=/theme/special/discussion&rndata={"themeId":"fa946d497d894de8863f2348305e2a7e"}\" target=\"_blank\">老虎財報季</a>”主題下發帖,或者題目中包含“老虎財報季”等關鍵字分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,字數不少於300字。並<a target=\"_blank\" href=\"https://laohu8.com/U/36984908995200\">@小虎活動</a>、<a target=\"_blank\" href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> 或者<a target=\"_blank\" href=\"https://laohu8.com/U/3514329116425907\">@小虎AV</a> 寫什麼?虎友們可以自由發揮!如果沒有現成的idea,也可以參考以下模版: 關注公司的財報業績(營收,淨利潤,主營業務表現,關鍵指標增長等) 公司基本面分析(包括主營業務分析、所屬行業競爭優劣勢、未來發展點等) 財報前後你是否有調整倉位?未來是否會繼續投資?","listText":"參與《老虎財報季》贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。Q2財報季即將拉開序幕,美國六大銀行將在本週率先公佈財報,隨後將迎來大家最關心的科技股財報。小虎君想邀請虎友們,分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,就有機會贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。【參與方式】 在“<a href=\"https://laohu8.com/RN?name=RNTheme&page=/theme/special/discussion&rndata={"themeId":"fa946d497d894de8863f2348305e2a7e"}\" target=\"_blank\">老虎財報季</a>”主題下發帖,或者題目中包含“老虎財報季”等關鍵字分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,字數不少於300字。並<a target=\"_blank\" href=\"https://laohu8.com/U/36984908995200\">@小虎活動</a>、<a target=\"_blank\" href=\"https://laohu8.com/U/20722186463466\">@愛發紅包的虎妞</a> 或者<a target=\"_blank\" href=\"https://laohu8.com/U/3514329116425907\">@小虎AV</a> 寫什麼?虎友們可以自由發揮!如果沒有現成的idea,也可以參考以下模版: 關注公司的財報業績(營收,淨利潤,主營業務表現,關鍵指標增長等) 公司基本面分析(包括主營業務分析、所屬行業競爭優劣勢、未來發展點等) 財報前後你是否有調整倉位?未來是否會繼續投資?","text":"參與《老虎財報季》贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。Q2財報季即將拉開序幕,美國六大銀行將在本週率先公佈財報,隨後將迎來大家最關心的科技股財報。小虎君想邀請虎友們,分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,就有機會贏取老虎限量商務套裝,免傭卡,還有虎友們最最最喜歡的限量保溫杯。【參與方式】 在“老虎財報季”主題下發帖,或者題目中包含“老虎財報季”等關鍵字分享你最看好的財報是哪家?說說爲什麼?你持有它嗎?解讀其最新業績,發表你對公司的看法,字數不少於300字。並@小虎活動、@愛發紅包的虎妞 或者@小虎AV 寫什麼?虎友們可以自由發揮!如果沒有現成的idea,也可以參考以下模版: 關注公司的財報業績(營收,淨利潤,主營業務表現,關鍵指標增長等) 公司基本面分析(包括主營業務分析、所屬行業競爭優劣勢、未來發展點等) 財報前後你是否有調整倉位?未來是否會繼續投資?","images":[{"img":"https://static.tigerbbs.com/18f14b2fa2c5e868274e699566b71f54","width":"840","height":"540"},{"img":"https://static.tigerbbs.com/ac10aad89763946afd17f38ae564756a","width":"1084","height":"1086"},{"img":"https://static.tigerbbs.com/82e19e2adebbf2c25108f6926818deea","width":"1080","height":"648"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146135203","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895600312,"gmtCreate":1628736142536,"gmtModify":1676529837047,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/895600312","repostId":"147198981","repostType":1,"repost":{"id":147198981,"gmtCreate":1626339423337,"gmtModify":1703758206821,"author":{"id":"3527667615621999","authorId":"3527667615621999","name":"爱运动的小虎哥","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667615621999","authorIdStr":"3527667615621999"},"themes":[],"title":"Predict the Market to share MILLIONS of Tiger coins!","htmlText":"Hello, dear Tigers! Wanna have more commission-free trades but your Tiger coins are not enough? <a href=\"https://www.tigerbrokers.com.sg/activity/forapp/guess-up-down/#/\" target=\"_blank\">Come join this game to win commission-free trades & MILLIONS OF Tiger coins! </a> 1. How to Participate? From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","listText":"Hello, dear Tigers! Wanna have more commission-free trades but your Tiger coins are not enough? <a href=\"https://www.tigerbrokers.com.sg/activity/forapp/guess-up-down/#/\" target=\"_blank\">Come join this game to win commission-free trades & MILLIONS OF Tiger coins! </a> 1. How to Participate? From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","text":"Hello, dear Tigers! Wanna have more commission-free trades but your Tiger coins are not enough? Come join this game to win commission-free trades & MILLIONS OF Tiger coins! 1. How to Participate? From 02:00:00 pm to 11:30:00 pm (GMT+8) on a prediction day, a client may submit his/her prediction of the price movement of the S&P 500 by contributing Tiger coins, the result of which will be announced approximately 15 minutes after the US stock market closes (04:00:00 am in Daylight Saving Time, 05:00:00 am in Standard T","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147198981","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112274594,"gmtCreate":1622879934518,"gmtModify":1704192939002,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Looking good","listText":"Looking good","text":"Looking good","images":[{"img":"https://static.tigerbbs.com/a6c93a0d651542465bd21f00e908edfe","width":"1080","height":"2675"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112274594","isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":136861616,"gmtCreate":1622006424835,"gmtModify":1704365952161,"author":{"id":"3570141471412237","authorId":"3570141471412237","name":"沙發馬鈴薯","avatar":"https://static.tigerbbs.com/20ae766dafc8a21c35661f4f43deb549","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570141471412237","authorIdStr":"3570141471412237"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136861616","repostId":"194773817","repostType":1,"repost":{"id":194773817,"gmtCreate":1621405768435,"gmtModify":1704357101406,"author":{"id":"20722186463466","authorId":"20722186463466","name":"爱发红包的虎妞","avatar":"https://static.tigerbbs.com/acf27be178fbc21279d1959ce5bec4e7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"20722186463466","authorIdStr":"20722186463466"},"themes":[],"title":"【有獎活動】5·20,一句話表白你最喜歡的股票~","htmlText":"又是一年“5·20”,感覺身邊的秀恩愛大賽已經提前開始了,空氣中瀰漫着一陣陣狗糧的味道... 虎友們,咱也別閒着,快來對你心儀已久的股票進行表白吧! 是甜蜜、或是酸澀,ta們也許纔是你最長情的陪伴~ 【活動玩法】 在評論區留言,選擇一支股票,寫一句話,對它進行深情告白~ 真情實感的內容表達更易獲獎哦~ 【活動時間】 5月19日-5月21日 【示例】 老虎證券,全世界還有誰比我們更般配~ 特斯拉,不管是對是錯,我想爲了你勇敢一次 京東,兩情相悅終有時,兄弟之情無絕期 ...... 【活動獎勵】 選取帖子內容“最有創意且深情”的6名虎友,獎勵520虎幣~ 成功參與活動,且符合要求的虎友,均可獲得66虎幣~","listText":"又是一年“5·20”,感覺身邊的秀恩愛大賽已經提前開始了,空氣中瀰漫着一陣陣狗糧的味道... 虎友們,咱也別閒着,快來對你心儀已久的股票進行表白吧! 是甜蜜、或是酸澀,ta們也許纔是你最長情的陪伴~ 【活動玩法】 在評論區留言,選擇一支股票,寫一句話,對它進行深情告白~ 真情實感的內容表達更易獲獎哦~ 【活動時間】 5月19日-5月21日 【示例】 老虎證券,全世界還有誰比我們更般配~ 特斯拉,不管是對是錯,我想爲了你勇敢一次 京東,兩情相悅終有時,兄弟之情無絕期 ...... 【活動獎勵】 選取帖子內容“最有創意且深情”的6名虎友,獎勵520虎幣~ 成功參與活動,且符合要求的虎友,均可獲得66虎幣~","text":"又是一年“5·20”,感覺身邊的秀恩愛大賽已經提前開始了,空氣中瀰漫着一陣陣狗糧的味道... 虎友們,咱也別閒着,快來對你心儀已久的股票進行表白吧! 是甜蜜、或是酸澀,ta們也許纔是你最長情的陪伴~ 【活動玩法】 在評論區留言,選擇一支股票,寫一句話,對它進行深情告白~ 真情實感的內容表達更易獲獎哦~ 【活動時間】 5月19日-5月21日 【示例】 老虎證券,全世界還有誰比我們更般配~ 特斯拉,不管是對是錯,我想爲了你勇敢一次 京東,兩情相悅終有時,兄弟之情無絕期 ...... 【活動獎勵】 選取帖子內容“最有創意且深情”的6名虎友,獎勵520虎幣~ 成功參與活動,且符合要求的虎友,均可獲得66虎幣~","images":[{"img":"https://static.tigerbbs.com/25cb453b83416d52aa322c803e20e058","width":"471","height":"399"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194773817","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}