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- _无解__无解_
  ·2025-08-28
  $拼多多(PDD)$
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- _无解__无解_
  ·2023-04-13
  $阿里巴巴-SW(09988)$ gg
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- _无解__无解_
  ·2023-01-08
  。
  Focus Analysis | Ants grow up, Ali retreats
  在2023年1月之前，看似退隐江湖2年的马云都还是蚂蚁的实际控制人，但是历史在这一刻改写。1月7日，蚂蚁集团官网发布《关于持续完善公司治理的公告》。这份公告有3个重点，其中最引人注目的一个，就是蚂蚁集
  Focus Analysis | Ants grow up, Ali retreats
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- _无解__无解_
  ·2021-08-30
  ?
  Meituan's Q2 revenue was 43.76 billion yuan, with a special reminder that "may be fined"
  8月30日（周一），本地生活服务巨头美团公布2021年第二季度及上半年财报。公司二季度业绩超预期，但同时提示“本公司可能会被要求改变其商业惯例及╱或被处以高额罚款。” 主要业绩第二季度二季度营收
  Meituan's Q2 revenue was 43.76 billion yuan, with a special reminder that "may be fined"
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- _无解__无解_
  ·2021-08-20
  Reboot error
  Sorry, this post has been deleted
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href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$&nbsp;</a>gg","text":"$阿里巴巴-SW(09988)$ 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08:50","market":"hk","language":"zh","title":"Focus Analysis | Ants grow up, Ali retreats","url":"https://stock-news.laohu8.com/highlight/detail?id=1183808598","media":"36氪","summary":"在2023年1月之前，看似退隐江湖2年的马云都还是蚂蚁的实际控制人，但是历史在这一刻改写。1月7日，蚂蚁集团官网发布《关于持续完善公司治理的公告》。这份公告有3个重点，其中最引人注目的一个，就是蚂蚁集","content":"<p><html><head></head><body>Before January 2023, Jack Ma, who seemed to have retired for two years, was still the actual controller of Ant, but history was rewritten at this moment.</p><p>On January 7, the official website of Ant Group issued the \"Announcement on Continuous Improvement of Corporate Governance.\" This announcement has three key points, the most striking of which is that the major shareholders and related beneficiaries of Ant Group intend to adjust the upper structure of Ant Group's shareholders. The core of the adjustment is the change in the voting rights of the major shareholders of Ant Group.</p><p>After the adjustment, the biggest concern is that Jack Ma, Alibaba's lifelong partner and founder, is no longer the actual controller of Ant Group. The ants grow bigger and bigger, and the founders and the old Ali entrepreneurial groups slowly move away.<b>Although Ali is still an important shareholder of Ant, it no longer has the absolute management rights of Ant. Ant and Ali are already two companies in any sense.</b></p><p>In fact, since the suspension of the IPO, Ant Group has been rectifying. During this period, various news continued to spread: on the business side, Alipay was disconnected from Huabei, Jiebei and other financial products; In terms of management structure, more independent directors have been introduced, the management no longer serves as Alibaba partners, and Ant Consumer Finance's capital increase plan has been approved... Everything points to compliance in line with regulatory trends, as well as transparency and transparency of corporate governance. and effectiveness.</p><p>Is Ant's efforts to move towards compliance and transparency step by step paving the way for IPO?</p><p><b>Jack Ma \"retired\"</b></p><p>The core of Ant's adjustment to the shareholder structure this time is the change in the voting rights of major shareholders: from the joint exercise of voting rights of shares by Jack Ma and his concerted parties, to 10 natural persons including Ant Group management, employee representatives and founder Jack Ma, independently exercise voting rights on shares.</p><p>Specifically: Jack Ma and his concerted parties, Jing Xiandong, Hu Xiaoming and Jiang Fang, have signed an agreement to terminate the concerted action relationship at Hangzhou Yunbo level.</p><p><b>What exactly is \"concerted action relationship\"?</b></p><p>According to public information, before today, although Jack Ma, Jing Xiandong, Hu Xiaoming and Jiang Fang held 34%, 22%, 22% and 22% of the shares of Hangzhou Yunbo Investment Consulting Co., Ltd. respectively, according to the company's current articles of association and the \"Concerted Action Agreement\", Jack Ma can actually control the voting results of Yunbo Investment shareholders' meeting and exercise matters related to the shareholders' rights of Ant Group, thereby indirectly controlling the voting rights of 53.46% of Ant Group's shares.</p><p>Senior legal professionals told 36Kr,<b>In essence, concerted action agreement is an agreement to control the rights of various shareholders, and \"concerted action parties\" are usually the proxy holders of shares/equity. Although the equity belongs to them, the control right is in the hands of others</b>。</p><p>In the case of Ant, Alibaba and Ant founder Jack Ma can rely on this agreement to get other share/equity holders to agree to any of their proposals. In short, Jack Ma himself has always been the actual controller of ants.</p><p>After this adjustment, the major shareholders of Ant Group exercise their voting rights independently with each other and have no concerted action relationship. There is no longer any situation where direct or indirect shareholders single or joint control of Ant Group.</p><p>At the same time, Hangzhou Junhan and Hangzhou Junao, the major shareholders of Ant Group, are controlled by the same general partner company (Hangzhou Yunbo) and split into two different general partner companies (Hangzhou Yunbo and Hangzhou Xingtao) respectively control. Jing Xiandong, Shao Xiaofeng, Ni Xingjun, Zhao Ying and Wu Minzhi will each hold 20% of the equity of Hangzhou Yunbo through equity transfer. The shareholders of the relevant general partner company were changed from Jack Ma and his persons acting in concert to a combination of Ant Group management, employee representatives and founder Jack Ma.</p><p><img src=\"https://static.tigerbbs.com/b57934cbae83ae34ca40e030424ae549\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>The ownership structure of Ant Group before this adjustment (Source: Ant official website)</p><p><img src=\"https://static.tigerbbs.com/b57934cbae83ae34ca40e030424ae549\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>The ownership structure of Ant Group after this adjustment (Source: Ant official website)</p><p>Ant Group stated in the announcement that after the completion of this adjustment, there will no longer be any direct or indirect shareholders single or joint control of Ant Group: \"The voting rights of Ant Group's shares are more transparent and dispersed, which is a further improvement to the corporate governance structure. Optimization will promote the sustained and steady development of Ant Group. This adjustment will not affect the daily operations of Ant Group and its subsidiaries.\"</p><p>In fact, Jack Ma lowered his voting rights in Ant Group, which is to further optimize the corporate governance structure. The founder was so generous that he gave up the actual control of the company, made the voting rights of the shares more transparent and decentralized, and made Ant's decision-making power truly \"transparent\". It is hard not to think that this is a strong boost to the IPO.</p><p><b>There will be more than half of the independent director seats, and the \"Ali flavor\" is weak</b></p><p>The announcement stated that since 2021, Ant Group has continued to improve its corporate governance level. At present, the eight directors on the board of directors include four independent directors, and there are six special committees under it. On this basis, it plans to continue to introduce the fifth independent director to achieve more than half of the independent director seats on the board of directors, while \"Aliwei\" has subtly retreated.</p><p>Since the beginning of this year, the introduction of independent directors has been the focus of ant's management structure adjustment. Independent director system is an important system in modern corporate governance, which is crucial to the transparency of board governance and the use of power.</p><p>On June 1, 2022, the official website of Ant Group updated the information of the board of directors team, and newly hired two women, Yang Xiaolei and Shi Meilun, as independent directors.</p><p>Among the two female independent directors, Shi Meilun attracts more attention. In Hong Kong, Shi Meilun became a top executive of the Hong Kong Securities and Futures Commission as early as the 1990s, and was famous in the financial circles of both places as the \"Iron Lady\". In the mainland, she is the first deputy ministerial cadre hired from Hong Kong since the reform and opening up: the vice chairman of China Securities Regulatory Commission.</p><p>Shi Meilun's latest position is the chairman of the Hong Kong Stock Exchange, and he has changed from the regulatory position of the Hong Kong Securities and Futures Commission to the head of the Hong Kong Stock Exchange. On the one hand, Shi Meilun has been linking the financial and industrial circles of Hong Kong and the mainland, adhering to the strict financial supervision, urging mainland companies to comply with regulations, integrate with the international capital market, go public in Hong Kong, and actively stabilize Hong Kong's status as a financial center. Shi Meilun has said many times that Hong Kong's financial market is a bridge between the mainland and the world. Her vision is highly consistent with the \"meaning\" of Ant's IPO.</p><p>Ant introduced more independent directors to make the board structure more transparent.</p><p>In June 2022, the structure of Ant Group's board of directors changed. In the past, the board of directors of Ant consisted of three executive directors: Jing Xiandong, Hu Xiaoming, and Ni Xingjun, three non-executive directors: Cai Chongxin, Cheng Li, and Jiang Fang, and three independent directors: Hao Quan, Hu Zuliu, and Huang Yiping.</p><p>The new board of directors has two directors: Jing Xiandong and Ni Xingjun, two non-executive directors: Tsai Chongxin and Cheng Li, and four independent directors: Hao Quan, Huang Yiping, Shi Meilun and Yang Xiaolei.</p><p>In the new board of directors, Hu Xiaoming, a partner of Ali who has stepped down as CEO, has also stepped down as executive director, and Jiang Fang, one of the \"Eighteen Arhats\" of Ali's entrepreneurial veterans, has stepped down as non-executive director. Today, relevant management members of Ant Group no longer serve as partners of Alibaba, and their isolation from shareholder Alibaba Group has also been strengthened. \"Ali\" 's subtle retreat in the ant system was interpreted by ants as further improving the transparency and effectiveness of corporate governance.</p><p>In the future, the number of independent directors of Ant will increase from the current 4 to 5, accounting for the majority of the board of directors, which is to amplify the balance and supervision role of independent directors, which is conducive to the board of directors' more independent performance of duties, and also points to the \"transparency\" of the company's decision-making.</p><p>In Ant's management, \"compliance\" has also been further emphasized. In July 2021, Ant announced a new 15-person management team. Compared with the previous 20-person team, CCO (Chief Compliance Officer) Li Chen and Vice President in charge of the Strategic Development Department of Ant Group Yin Ming (former Life Insurance executive), vice president in charge of the big security business group Zhao Wenbiao. The position of chief compliance officer (CCO) simply does not exist in the original team.</p><p>\"Transparency\" and \"compliance\" are important prerequisites for Ant to return to IPO. New ants need more people with \"compliance\" attributes and backgrounds to stand on the board of directors and management to show the outside world a new look of ants.</p><p>In the vicissitudes of life, financial technology, a concept that was once a hot concept in the capital market and entrepreneurship, has now faded. Looking at the whole world, the valuation, financing, and listing of financial technology companies have all become difficult problems.</p><p>In May 2022, a new round of financing for Swedish start-up Klarna Bank AB was cold, and its valuation shrank from US $46 billion a year ago to US $30 billion. U.S. Fintech Affirm Shares Plunge; Bolt, a Silicon Valley unicorn that focuses on payment, online investment advisory and other businesses, was laid off.</p><p>From policy support, endorsement and blessing of countless heavyweight shareholders, hot star companies, and multiple dividends endorsed by the powerful parent company Alibaba, to suspending IPOs overnight, to changing themselves step by step, Ant's fate seems extremely special, but extremely universal: the business world is always turbulent and fickle.</p><p>Ant actively reorganized the board of directors, introduced independent directors, promoted isolation from Alibaba, and even founder Jack Ma gave up actual control, which are all obvious signals: re-establishing the organizational structure can meet the requirements of applying for a financial holding company license? Requirements, does this mean that Ant is ready to restart the IPO?</p><p>The fate of Ant will be one of the most critical regulatory benchmarks in 2023 for the entire Internet industry.</p><p></body></html></p>","source":"36k","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>Focus Analysis | Ants grow up, Ali retreats</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFocus Analysis | Ants grow up, Ali retreats\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">36氪</strong><span class=\"h-time small\">2023-01-08 08:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Before January 2023, Jack Ma, who seemed to have retired for two years, was still the actual controller of Ant, but history was rewritten at this moment.</p><p>On January 7, the official website of Ant Group issued the \"Announcement on Continuous Improvement of Corporate Governance.\" This announcement has three key points, the most striking of which is that the major shareholders and related beneficiaries of Ant Group intend to adjust the upper structure of Ant Group's shareholders. The core of the adjustment is the change in the voting rights of the major shareholders of Ant Group.</p><p>After the adjustment, the biggest concern is that Jack Ma, Alibaba's lifelong partner and founder, is no longer the actual controller of Ant Group. The ants grow bigger and bigger, and the founders and the old Ali entrepreneurial groups slowly move away.<b>Although Ali is still an important shareholder of Ant, it no longer has the absolute management rights of Ant. Ant and Ali are already two companies in any sense.</b></p><p>In fact, since the suspension of the IPO, Ant Group has been rectifying. During this period, various news continued to spread: on the business side, Alipay was disconnected from Huabei, Jiebei and other financial products; In terms of management structure, more independent directors have been introduced, the management no longer serves as Alibaba partners, and Ant Consumer Finance's capital increase plan has been approved... Everything points to compliance in line with regulatory trends, as well as transparency and transparency of corporate governance. and effectiveness.</p><p>Is Ant's efforts to move towards compliance and transparency step by step paving the way for IPO?</p><p><b>Jack Ma \"retired\"</b></p><p>The core of Ant's adjustment to the shareholder structure this time is the change in the voting rights of major shareholders: from the joint exercise of voting rights of shares by Jack Ma and his concerted parties, to 10 natural persons including Ant Group management, employee representatives and founder Jack Ma, independently exercise voting rights on shares.</p><p>Specifically: Jack Ma and his concerted parties, Jing Xiandong, Hu Xiaoming and Jiang Fang, have signed an agreement to terminate the concerted action relationship at Hangzhou Yunbo level.</p><p><b>What exactly is \"concerted action relationship\"?</b></p><p>According to public information, before today, although Jack Ma, Jing Xiandong, Hu Xiaoming and Jiang Fang held 34%, 22%, 22% and 22% of the shares of Hangzhou Yunbo Investment Consulting Co., Ltd. respectively, according to the company's current articles of association and the \"Concerted Action Agreement\", Jack Ma can actually control the voting results of Yunbo Investment shareholders' meeting and exercise matters related to the shareholders' rights of Ant Group, thereby indirectly controlling the voting rights of 53.46% of Ant Group's shares.</p><p>Senior legal professionals told 36Kr,<b>In essence, concerted action agreement is an agreement to control the rights of various shareholders, and \"concerted action parties\" are usually the proxy holders of shares/equity. Although the equity belongs to them, the control right is in the hands of others</b>。</p><p>In the case of Ant, Alibaba and Ant founder Jack Ma can rely on this agreement to get other share/equity holders to agree to any of their proposals. In short, Jack Ma himself has always been the actual controller of ants.</p><p>After this adjustment, the major shareholders of Ant Group exercise their voting rights independently with each other and have no concerted action relationship. There is no longer any situation where direct or indirect shareholders single or joint control of Ant Group.</p><p>At the same time, Hangzhou Junhan and Hangzhou Junao, the major shareholders of Ant Group, are controlled by the same general partner company (Hangzhou Yunbo) and split into two different general partner companies (Hangzhou Yunbo and Hangzhou Xingtao) respectively control. Jing Xiandong, Shao Xiaofeng, Ni Xingjun, Zhao Ying and Wu Minzhi will each hold 20% of the equity of Hangzhou Yunbo through equity transfer. The shareholders of the relevant general partner company were changed from Jack Ma and his persons acting in concert to a combination of Ant Group management, employee representatives and founder Jack Ma.</p><p><img src=\"https://static.tigerbbs.com/b57934cbae83ae34ca40e030424ae549\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>The ownership structure of Ant Group before this adjustment (Source: Ant official website)</p><p><img src=\"https://static.tigerbbs.com/b57934cbae83ae34ca40e030424ae549\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"/></p><p>The ownership structure of Ant Group after this adjustment (Source: Ant official website)</p><p>Ant Group stated in the announcement that after the completion of this adjustment, there will no longer be any direct or indirect shareholders single or joint control of Ant Group: \"The voting rights of Ant Group's shares are more transparent and dispersed, which is a further improvement to the corporate governance structure. Optimization will promote the sustained and steady development of Ant Group. This adjustment will not affect the daily operations of Ant Group and its subsidiaries.\"</p><p>In fact, Jack Ma lowered his voting rights in Ant Group, which is to further optimize the corporate governance structure. The founder was so generous that he gave up the actual control of the company, made the voting rights of the shares more transparent and decentralized, and made Ant's decision-making power truly \"transparent\". It is hard not to think that this is a strong boost to the IPO.</p><p><b>There will be more than half of the independent director seats, and the \"Ali flavor\" is weak</b></p><p>The announcement stated that since 2021, Ant Group has continued to improve its corporate governance level. At present, the eight directors on the board of directors include four independent directors, and there are six special committees under it. On this basis, it plans to continue to introduce the fifth independent director to achieve more than half of the independent director seats on the board of directors, while \"Aliwei\" has subtly retreated.</p><p>Since the beginning of this year, the introduction of independent directors has been the focus of ant's management structure adjustment. Independent director system is an important system in modern corporate governance, which is crucial to the transparency of board governance and the use of power.</p><p>On June 1, 2022, the official website of Ant Group updated the information of the board of directors team, and newly hired two women, Yang Xiaolei and Shi Meilun, as independent directors.</p><p>Among the two female independent directors, Shi Meilun attracts more attention. In Hong Kong, Shi Meilun became a top executive of the Hong Kong Securities and Futures Commission as early as the 1990s, and was famous in the financial circles of both places as the \"Iron Lady\". In the mainland, she is the first deputy ministerial cadre hired from Hong Kong since the reform and opening up: the vice chairman of China Securities Regulatory Commission.</p><p>Shi Meilun's latest position is the chairman of the Hong Kong Stock Exchange, and he has changed from the regulatory position of the Hong Kong Securities and Futures Commission to the head of the Hong Kong Stock Exchange. On the one hand, Shi Meilun has been linking the financial and industrial circles of Hong Kong and the mainland, adhering to the strict financial supervision, urging mainland companies to comply with regulations, integrate with the international capital market, go public in Hong Kong, and actively stabilize Hong Kong's status as a financial center. Shi Meilun has said many times that Hong Kong's financial market is a bridge between the mainland and the world. Her vision is highly consistent with the \"meaning\" of Ant's IPO.</p><p>Ant introduced more independent directors to make the board structure more transparent.</p><p>In June 2022, the structure of Ant Group's board of directors changed. In the past, the board of directors of Ant consisted of three executive directors: Jing Xiandong, Hu Xiaoming, and Ni Xingjun, three non-executive directors: Cai Chongxin, Cheng Li, and Jiang Fang, and three independent directors: Hao Quan, Hu Zuliu, and Huang Yiping.</p><p>The new board of directors has two directors: Jing Xiandong and Ni Xingjun, two non-executive directors: Tsai Chongxin and Cheng Li, and four independent directors: Hao Quan, Huang Yiping, Shi Meilun and Yang Xiaolei.</p><p>In the new board of directors, Hu Xiaoming, a partner of Ali who has stepped down as CEO, has also stepped down as executive director, and Jiang Fang, one of the \"Eighteen Arhats\" of Ali's entrepreneurial veterans, has stepped down as non-executive director. Today, relevant management members of Ant Group no longer serve as partners of Alibaba, and their isolation from shareholder Alibaba Group has also been strengthened. \"Ali\" 's subtle retreat in the ant system was interpreted by ants as further improving the transparency and effectiveness of corporate governance.</p><p>In the future, the number of independent directors of Ant will increase from the current 4 to 5, accounting for the majority of the board of directors, which is to amplify the balance and supervision role of independent directors, which is conducive to the board of directors' more independent performance of duties, and also points to the \"transparency\" of the company's decision-making.</p><p>In Ant's management, \"compliance\" has also been further emphasized. In July 2021, Ant announced a new 15-person management team. Compared with the previous 20-person team, CCO (Chief Compliance Officer) Li Chen and Vice President in charge of the Strategic Development Department of Ant Group Yin Ming (former Life Insurance executive), vice president in charge of the big security business group Zhao Wenbiao. The position of chief compliance officer (CCO) simply does not exist in the original team.</p><p>\"Transparency\" and \"compliance\" are important prerequisites for Ant to return to IPO. New ants need more people with \"compliance\" attributes and backgrounds to stand on the board of directors and management to show the outside world a new look of ants.</p><p>In the vicissitudes of life, financial technology, a concept that was once a hot concept in the capital market and entrepreneurship, has now faded. Looking at the whole world, the valuation, financing, and listing of financial technology companies have all become difficult problems.</p><p>In May 2022, a new round of financing for Swedish start-up Klarna Bank AB was cold, and its valuation shrank from US $46 billion a year ago to US $30 billion. U.S. Fintech Affirm Shares Plunge; Bolt, a Silicon Valley unicorn that focuses on payment, online investment advisory and other businesses, was laid off.</p><p>From policy support, endorsement and blessing of countless heavyweight shareholders, hot star companies, and multiple dividends endorsed by the powerful parent company Alibaba, to suspending IPOs overnight, to changing themselves step by step, Ant's fate seems extremely special, but extremely universal: the business world is always turbulent and fickle.</p><p>Ant actively reorganized the board of directors, introduced independent directors, promoted isolation from Alibaba, and even founder Jack Ma gave up actual control, which are all obvious signals: re-establishing the organizational structure can meet the requirements of applying for a financial holding company license? Requirements, does this mean that Ant is ready to restart the IPO?</p><p>The fate of Ant will be one of the most critical regulatory benchmarks in 2023 for the entire Internet industry.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/2077901427986437\">36氪</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed47e720e2c8ac868f5b3114fdde0f64","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://36kr.com/p/2077901427986437","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183808598","content_text":"在2023年1月之前，看似退隐江湖2年的马云都还是蚂蚁的实际控制人，但是历史在这一刻改写。1月7日，蚂蚁集团官网发布《关于持续完善公司治理的公告》。这份公告有3个重点，其中最引人注目的一个，就是蚂蚁集团主要股东及相关受益人拟对蚂蚁集团股东上层结构进行调整，调整的核心是蚂蚁集团主要股东投票权的变化。调整之后最重磅的关注点，莫过于阿里终身合伙人、创始人马云，不再是蚂蚁集团的实际控制人。蚂蚁越长越大，创始人和老阿里创业天团们的身影慢慢走远。阿里虽然依然是蚂蚁的重要股东，却不再拥有蚂蚁的绝对管理权，蚂蚁和阿里，在任何意义上都已经是两家公司。实际上，中止IPO以来，蚂蚁集团一直在整改，期间不断传出的各种消息：业务侧，断开支付宝与花呗、借呗与其他金融产品的连接；管理结构上，引入更多独立董事，管理层不再担任阿里巴巴合伙人，蚂蚁消金增资方案获批……桩桩件件都指向了符合监管风向的合规性，以及公司治理的透明度和有效性。蚂蚁这样努力得一步一步走向合规、透明，是否是为IPO铺路？马云“退隐”蚂蚁本次对股东结构调整的核心，是主要股东投票权的变化：从马云及其一致行动人共同行使股份表决权，到包括蚂蚁集团管理层、员工代表和创始人马云在内的10名自然人，分别独立行使股份表决权。具体而言：马云及其一致行动人井贤栋、胡晓明及蒋芳已签署协议，终止在杭州云铂层面的一致行动关系。“一致行动关系”究竟是什么？公开资料显示，在今天之前，虽然马云、井贤栋、胡晓明及蒋芳分别持有杭州云铂投资咨询有限公司34%、22%、22%及22%的股权，但根据该公司的现行章程及《一致行动协议》，马云能够实际支配云铂投资股东会、行使蚂蚁集团股东权利相关事项的表决结果，进而间接控制蚂蚁集团53.46%股份的表决权。资深法律界人士告诉36氪，本质上，一致行动协议就是协议控制各项股东权利，而“一致行动人”通常都是股份/股权的代持人，股权虽然属于他们，但是控制权在他人手里。放在蚂蚁的案例中，阿里和蚂蚁创始人马云，可以凭借这个协议，让其他股份/股权代持人同意自己的任何提议。简言之，一直以来，马云本人就是蚂蚁的实际控制人。而此次调整之后，蚂蚁集团各主要股东彼此独立行使股份表决权且无一致行动关系，不再存在任何直接或间接股东单一或共同控制蚂蚁集团的情形。同时，蚂蚁集团的主要股东杭州君瀚和杭州君澳由受同一家普通合伙人企业（杭州云铂）控制，分拆为受两家不同普通合伙人企业（杭州云铂和杭州星滔）分别控制。井贤栋、邵晓锋、倪行军、赵颖、吴敏芝将通过股权转让分别持有杭州云铂20%的股权。相关普通合伙人公司股东由马云及其一致行动人，变更为蚂蚁集团管理层、员工代表和创始人马云的组合。本次调整前蚂蚁集团股权结构（图片来源：蚂蚁官网）本次调整后蚂蚁集团股权结构（图片来源：蚂蚁官网）蚂蚁集团在公告中称，在此次调整完成后，不再存在任何直接或间接股东单一或共同控制蚂蚁集团的情形：“蚂蚁集团的股份表决权更加透明且分散，这是对公司治理结构的进一步优化，将对蚂蚁集团的持续稳健发展起到促进作用。本次调整不会对蚂蚁集团及下属公司的日常经营造成影响。”实际上，马云降低了他在蚂蚁集团的投票权，就是在推动公司治理结构进一步优化。而创始人如此大度，放弃了公司实际控制权，让股份的表决权更加透明、分散，让蚂蚁的决策权真正“透明”，很难不让人认为，这是对IPO的大力助推。独立董事席位将过半，“阿里味”弱了这次的公告称，自2021年以来，蚂蚁集团持续提升公司治理水平，目前董事会8名董事中包含四名独立董事，下设六个专门委员会。在此基础上，其计划继续引入第5名独立董事，实现董事会中独立董事席位过半数，而“阿里味”则微妙后退。今年以来，引入独立董事，就是蚂蚁管理结构调整的重点。独立董事制度，就是现代公司治理中的重要制度，对董事会治理的透明度、权力的使用，至关重要。2022年，6月1日，蚂蚁集团官网更新董事会团队信息，新聘杨小蕾、史美伦两名女性担任独立董事。两位女性独立董事中，史美伦更引人关注。于香港，史美伦早在上世纪90年代就跻身香港证监会高层，以“铁娘子”之名闻名两地金融界。于内地，她是改革开放以来从香港聘请的第一位副部级干部：中国证监会副主席。史美伦最新的职务是港交所主席，由任职香港证监会的监管立场，转变为港交所的负责人。令一方面，史美伦一直在链接香港和内地金融、实业界，坚持金融监管的严厉，力促内地公司合规、和国际资本市场接轨，赴港上市，也积极稳固香港金融中心的地位。史美伦曾多次说过：香港金融市场是连接内地与世界的桥梁。她的愿景和蚂蚁IPO的“意义”高度一致。蚂蚁引入更多的独立董事，是为了让董事会结构更加透明。2022年6月，蚂蚁集团董事会架构发生变化。过去蚂蚁董事会组成为：三位执行董事：井贤栋、胡晓明、倪行军，三位非执行董事：蔡崇信、程立、蒋芳，三位独立董事：郝荃、胡祖六、黄益平。新董事会改为两位董事：井贤栋、倪行军，两位非执行董事：蔡崇信、程立，四位独立董事：郝荃、黄益平、史美伦、杨小蕾。新董事会中，已卸任CEO的阿里合伙人胡晓明也卸任了执行董事，阿里创业元老“十八罗汉”之一的蒋芳卸任了非执行董事。如今，蚂蚁集团相关管理层成员不再担任阿里巴巴合伙人，与股东阿里巴巴集团的隔离也被强化。“阿里”在蚂蚁体系中微妙的后退，被蚂蚁解释为：进一步提升公司治理的透明度和有效性。未来，蚂蚁独立董事从现在的4人上升到5人，在董事会中占多数，是在放大独立董事平衡和监督的作用，有利于董事会更独立地履职，也指向公司决策的“透明”。蚂蚁管理层中，“合规”也被进一步强调。2021年7月，蚂蚁公布了新的15人管理团队，相较过去的20人团队，新增了CCO（首席合规官）李臣、负责蚂蚁集团战略发展部的副总裁尹铭（前人寿高管）、负责大安全事业群的副总裁赵闻飙。而首席合规官（CCO）这个职位，在原有团队中根本不存在。“透明”、“合规”，都是蚂蚁重回IPO之路的重要的前提。新蚂蚁，需要更多有“合规”属性和背景的人站在董事会和管理层里，向外界展示蚂蚁全新的面貌。沧海桑田，金融科技，这个曾经在资本市场和创业领域炙手可热的概念，如今，却黯淡下去放眼整个世界，金融科技公司们的估值、融资、上市，都成了难题。2022年5月，瑞典初创企业Klarna Bank AB新一轮融资遇冷，估值从一年前的460亿美元缩水至300亿美元。美国金融科技公司Affirm股价暴跌；专注支付、在线投顾等业务的硅谷独角兽Bolt则被爆裁员。从政策支持，有无数重量级股东背书加持，炙手可热，还有强大母公司阿里巴巴背书的多重红利加身的明星公司，到一夜之间中止IPO，再到一步步改变自己，蚂蚁的命运似乎极其特殊，却又极其普世：商业世界永远云谲波诡，变幻无常。而蚂蚁积极改组董事会，引入独立董事、推进与阿里巴巴的隔离，乃至创始人马云都放弃了实际控制权，都是明显的信号：重新建立组织结构，是否就可以满足申请金融控股公司牌照的要求，这是否意味着蚂蚁准备重启IPO？蚂蚁的命运，对整个互联网行业而言，将是2023最关键的监管风向标之一。","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811877004,"gmtCreate":1630313546008,"gmtModify":1676530265322,"author":{"id":"3549871285956389","authorId":"3549871285956389","name":"_无解_","avatar":"https://static.tigerbbs.com/cfd513996b2ed568c822a25e7a5f7284","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549871285956389","authorIdStr":"3549871285956389"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811877004","repostId":"1107044337","repostType":4,"repost":{"id":"1107044337","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630312834,"share":"https://ttm.financial/m/news/1107044337?lang=en_US&edition=fundamental","pubTime":"2021-08-30 16:40","market":"hk","language":"zh","title":"Meituan's Q2 revenue was 43.76 billion yuan, with a special reminder that \"may be fined\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1107044337","media":"老虎资讯综合","summary":"8月30日（周一），本地生活服务巨头美团公布2021年第二季度及上半年财报。公司二季度业绩超预期，但同时提示“本公司可能会被要求改变其商业惯例及╱或被处以高额罚款。”\n主要业绩\n第二季度\n\n二季度营收","content":"<p>August 30th (Monday), local life service giant<a href=\"https://laohu8.com/S/03690\">Meituan</a>Announced financial results for the second quarter and first half of 2021. The company's second-quarter performance exceeded expectations, but at the same time reminded that \"<b>The Company may be required to change its business practices and/or be subject to heavy fines. \"</b></p><p><b>MAJOR</b></p><p>Second quarter</p><p><ul><li>Revenue in the second quarter was 43.76 billion yuan, a year-on-year increase of 77%, and the market estimated 42.36 billion yuan.</li><li>The net loss in the second quarter was 3.36 billion yuan, the market estimated a loss of 5.25 billion yuan, and the net profit in the same period last year was 2.21 billion yuan.</li><li>The loss per share in the second quarter was 0.56 yuan, compared with the profit of 0.37 yuan in the same period last year.</li></ul><img src=\"https://static.tigerbbs.com/f8f84b2c78970e065b9a962d08e0dd22\" tg-width=\"920\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>First half of the year</p><p><ul><li>First half revenue<b>807.75</b>100 million yuan, previous value: 41.476 billion yuan, a year-on-year increase of 94.8%.</li><li>Net profit for the first half of the<b>-8, 203 million yuan,</b>Previous value: 631 million yuan.</li><li>Loss per share in the first half of the year was 1.38 yuan, compared with profit of 0.11 yuan in the same period last year.</li></ul><img src=\"https://static.tigerbbs.com/4b2896f97cc5f0ed1ae4779d7da61856\" tg-width=\"907\" tg-height=\"437\" referrerpolicy=\"no-referrer\"></p><p>Wang Xing, CEO of Meituan, said:</p><p>This quarter, Meituan's various businesses continued to maintain steady growth, thanks to the sustained and stable recovery of China's economy, and also due to our deep integration of digitalization with the real economy and the service economy. Recently, relevant state departments have issued a series of policies and opinions, which have also given Meituan a clearer direction. We resolutely implement them, actively fulfill our social responsibilities, and continue to use the power of science and technology to help high-quality economic development and provide high-quality life services. Help everyone eat better and live better.</p><p><b>Business segments</b></p><p><ul><li>Net cash inflow from operating activities in the second quarter decreased to RMB2.9 billion from RMB5.6 billion in the same period in 2020. As of June 30, 2021, the balances of cash and cash equivalents and short-term wealth management investments were RMB 71.4 billion and RMB 51.1 billion, respectively, while the related balances as of March 31, 2021 were RMB 17.8 billion and RMB 35.3 billion, respectively.</li><li>In the second quarter, the transaction amount of food delivery business increased by 59.5% year-on-year to RMB 173.6 billion. The average daily number of food delivery transactions increased by 58.9% year-on-year to 38.9 million. Revenue increased by 59.0% year-on-year to RMB 23.1 billion. Operating profit increased by 95.2% to RMB2.4 billion in the second quarter of 2021, while operating profit margin further improved from 8.6% to 10.6%.</li><li>In the second quarter, the in-store, hotel and travel segment continued to grow steadily, with revenue increasing by 89.3% year-on-year to RMB 8.6 billion. Operating profit increased by 93.7% from RMB1.9 billion in the same period of 2020 to RMB3.7 billion in the second quarter of 2021, while operating profit margin increased from 41.6% to 42.6%.</li><li>In the second quarter, the revenue of the new business and others segment increased by 113.6% year-on-year to RMB 12 billion, mainly driven by the growth of retail business, B2B catering supply chain services and shared cycling services. In the second quarter of 2021, the operating loss of this segment increased to RMB 9.2 billion year-on-year and quarter-on-quarter, while the operating loss margin continued to improve by 4.8 percentage points to negative 76.8%.</li></ul><img src=\"https://static.tigerbbs.com/012925fcfe389bb86c7ae0178c1ec62d\" tg-width=\"913\" tg-height=\"673\" referrerpolicy=\"no-referrer\"></p><p><b>The number of trading users hits a record high and platform activity rises</b></p><p>The financial report shows that the number of annual transaction users and active merchants of Meituan this quarter was 630 million and 7.7 million respectively, both hitting record highs.</p><p>The average annual number of users' transactions reached 32.8, a year-on-year increase of 27.8%. In terms of main business, food delivery and in-store hotel and travel businesses have achieved steady growth, with revenue increasing to 23.1 billion yuan and 8.6 billion yuan respectively.</p><p>At the same time, in the first half of 2021, Meituan continued to play the role of an \"employment reservoir\", with an average daily active rider of more than 1 million. In the second quarter, the cost of riders was 15.5 billion yuan, a year-on-year increase of 53%.</p><p>The survey data also shows that 60% of full-time riders earn more than 5,000 yuan a month.</p><p>Chen Shaohui, CFO of Meituan, said:</p><p>Meituan will continue to provide definite rights and employment security for the majority of riders, and take the lead in responding to the call of the state to solve their worries. In the process of continuing to support the real economy with technological innovation, we will also continue to pay attention to the common interests and long-term development of other platform participants such as merchants, and take long-term returns as the guide, constantly optimize operating efficiency, and create greater social value as the primary goal of the enterprise.</p><p><b>RESULTS ANALYSIS AND</b></p><p>Meituan said: As we continue to invest in areas that can bring long-term value to the company and provide better products and services to consumers and merchants, operating losses in new businesses and other segments have expanded accordingly.</p><p>In April 2021, the State Administration for Market Regulation of the People's Republic of China (the State Administration for Market Regulation) launched relevant investigations against the Company in accordance with the Anti-Monopoly Law of the People's Republic of China. As of the date of this report, the relevant investigation is still in progress, and the Company actively cooperates with the investigation of the State Administration for Market Regulation.<b>The Company cannot predict the circumstances or outcome of such investigations at this stage, and the Company may be required to change its business practices and/or be subject to heavy fines.</b></p><p><b>Meituan's stock price changes after the announcement of past quarter financial reports and reasons</b></p><p><img src=\"https://static.tigerbbs.com/95b91e7289345671be684a73dcc1c1b6\" tg-width=\"640\" tg-height=\"594\" referrerpolicy=\"no-referrer\"></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>Meituan's Q2 revenue was 43.76 billion yuan, with a special reminder that \"may be fined\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeituan's Q2 revenue was 43.76 billion yuan, with a special reminder that \"may be fined\"\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-30 16:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>August 30th (Monday), local life service giant<a href=\"https://laohu8.com/S/03690\">Meituan</a>Announced financial results for the second quarter and first half of 2021. The company's second-quarter performance exceeded expectations, but at the same time reminded that \"<b>The Company may be required to change its business practices and/or be subject to heavy fines. \"</b></p><p><b>MAJOR</b></p><p>Second quarter</p><p><ul><li>Revenue in the second quarter was 43.76 billion yuan, a year-on-year increase of 77%, and the market estimated 42.36 billion yuan.</li><li>The net loss in the second quarter was 3.36 billion yuan, the market estimated a loss of 5.25 billion yuan, and the net profit in the same period last year was 2.21 billion yuan.</li><li>The loss per share in the second quarter was 0.56 yuan, compared with the profit of 0.37 yuan in the same period last year.</li></ul><img src=\"https://static.tigerbbs.com/f8f84b2c78970e065b9a962d08e0dd22\" tg-width=\"920\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>First half of the year</p><p><ul><li>First half revenue<b>807.75</b>100 million yuan, previous value: 41.476 billion yuan, a year-on-year increase of 94.8%.</li><li>Net profit for the first half of the<b>-8, 203 million yuan,</b>Previous value: 631 million yuan.</li><li>Loss per share in the first half of the year was 1.38 yuan, compared with profit of 0.11 yuan in the same period last year.</li></ul><img src=\"https://static.tigerbbs.com/4b2896f97cc5f0ed1ae4779d7da61856\" tg-width=\"907\" tg-height=\"437\" referrerpolicy=\"no-referrer\"></p><p>Wang Xing, CEO of Meituan, said:</p><p>This quarter, Meituan's various businesses continued to maintain steady growth, thanks to the sustained and stable recovery of China's economy, and also due to our deep integration of digitalization with the real economy and the service economy. Recently, relevant state departments have issued a series of policies and opinions, which have also given Meituan a clearer direction. We resolutely implement them, actively fulfill our social responsibilities, and continue to use the power of science and technology to help high-quality economic development and provide high-quality life services. Help everyone eat better and live better.</p><p><b>Business segments</b></p><p><ul><li>Net cash inflow from operating activities in the second quarter decreased to RMB2.9 billion from RMB5.6 billion in the same period in 2020. As of June 30, 2021, the balances of cash and cash equivalents and short-term wealth management investments were RMB 71.4 billion and RMB 51.1 billion, respectively, while the related balances as of March 31, 2021 were RMB 17.8 billion and RMB 35.3 billion, respectively.</li><li>In the second quarter, the transaction amount of food delivery business increased by 59.5% year-on-year to RMB 173.6 billion. The average daily number of food delivery transactions increased by 58.9% year-on-year to 38.9 million. Revenue increased by 59.0% year-on-year to RMB 23.1 billion. Operating profit increased by 95.2% to RMB2.4 billion in the second quarter of 2021, while operating profit margin further improved from 8.6% to 10.6%.</li><li>In the second quarter, the in-store, hotel and travel segment continued to grow steadily, with revenue increasing by 89.3% year-on-year to RMB 8.6 billion. Operating profit increased by 93.7% from RMB1.9 billion in the same period of 2020 to RMB3.7 billion in the second quarter of 2021, while operating profit margin increased from 41.6% to 42.6%.</li><li>In the second quarter, the revenue of the new business and others segment increased by 113.6% year-on-year to RMB 12 billion, mainly driven by the growth of retail business, B2B catering supply chain services and shared cycling services. In the second quarter of 2021, the operating loss of this segment increased to RMB 9.2 billion year-on-year and quarter-on-quarter, while the operating loss margin continued to improve by 4.8 percentage points to negative 76.8%.</li></ul><img src=\"https://static.tigerbbs.com/012925fcfe389bb86c7ae0178c1ec62d\" tg-width=\"913\" tg-height=\"673\" referrerpolicy=\"no-referrer\"></p><p><b>The number of trading users hits a record high and platform activity rises</b></p><p>The financial report shows that the number of annual transaction users and active merchants of Meituan this quarter was 630 million and 7.7 million respectively, both hitting record highs.</p><p>The average annual number of users' transactions reached 32.8, a year-on-year increase of 27.8%. In terms of main business, food delivery and in-store hotel and travel businesses have achieved steady growth, with revenue increasing to 23.1 billion yuan and 8.6 billion yuan respectively.</p><p>At the same time, in the first half of 2021, Meituan continued to play the role of an \"employment reservoir\", with an average daily active rider of more than 1 million. In the second quarter, the cost of riders was 15.5 billion yuan, a year-on-year increase of 53%.</p><p>The survey data also shows that 60% of full-time riders earn more than 5,000 yuan a month.</p><p>Chen Shaohui, CFO of Meituan, said:</p><p>Meituan will continue to provide definite rights and employment security for the majority of riders, and take the lead in responding to the call of the state to solve their worries. In the process of continuing to support the real economy with technological innovation, we will also continue to pay attention to the common interests and long-term development of other platform participants such as merchants, and take long-term returns as the guide, constantly optimize operating efficiency, and create greater social value as the primary goal of the enterprise.</p><p><b>RESULTS ANALYSIS AND</b></p><p>Meituan said: As we continue to invest in areas that can bring long-term value to the company and provide better products and services to consumers and merchants, operating losses in new businesses and other segments have expanded accordingly.</p><p>In April 2021, the State Administration for Market Regulation of the People's Republic of China (the State Administration for Market Regulation) launched relevant investigations against the Company in accordance with the Anti-Monopoly Law of the People's Republic of China. As of the date of this report, the relevant investigation is still in progress, and the Company actively cooperates with the investigation of the State Administration for Market Regulation.<b>The Company cannot predict the circumstances or outcome of such investigations at this stage, and the Company may be required to change its business practices and/or be subject to heavy fines.</b></p><p><b>Meituan's stock price changes after the announcement of past quarter financial reports and reasons</b></p><p><img src=\"https://static.tigerbbs.com/95b91e7289345671be684a73dcc1c1b6\" tg-width=\"640\" tg-height=\"594\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e1238455e09ac8d1135014cb37eb0f4d","relate_stocks":{"03690":"美团-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107044337","content_text":"8月30日（周一），本地生活服务巨头美团公布2021年第二季度及上半年财报。公司二季度业绩超预期，但同时提示“本公司可能会被要求改变其商业惯例及╱或被处以高额罚款。”\n主要业绩\n第二季度\n\n二季度营收437.6亿元，同比增长77%，市场预估423.6亿元。\n二季度净亏损33.6亿元，市场预估亏损52.5亿元，去年同期净利润22.1亿元。\n二季度每股亏损0.56元，去年同期盈利0.37元。\n\n\n上半年\n\n上半年营收807.75亿元，前值：414.76亿元，同比增长94.8%。\n上半年净利润-82.03亿元，前值：6.31亿元。\n上半年每股亏损1.38元，去年同期盈利0.11元。\n\n\n美团CEO王兴表示：\n\n 本季度美团各项业务继续保持稳健增长，得益于中国经济持续稳定恢复，也源于我们将数字化与实体经济、服务经济深度融合。\n\n\n 最近，国家相关部门出台了系列政策和意见，这也给了美团更明确的方向，我们坚决落实，积极履行社会责任，继续用科技的力量，助力经济高质量发展，提供高品质生活服务，帮大家吃得更好，生活更好。\n\n\n业务分类\n\n第二季度的经营活动所得现金流入净额由2020年同期的人民币56亿元减少至人民币29亿元。截至2021年6月30日，现金及现金等价物及短期理财投资的结余分别为人民币714亿元及人民币511亿元，而截至2021年3月31日的相关结余则分别为人民币178亿元及人民币353亿元。\n第二季度，餐饮外卖业务交易金额同比增长59.5%至人民币1,736亿元。餐饮外卖日均交易笔数同比增长58.9%至38.9百万笔。收入同比增长59.0%至人民币231亿元。经营溢利于2021年第二季度增加95.2%至人民币24亿元，而经营利润率则由8.6%进一步改善至10.6%。\n第二季度，到店、酒店及旅游分部继续稳定增长，收入同比增加89.3%至人民币86亿元。经营溢利由2020年同期的人民币19亿元增加93.7%至2021年第二季度的人民币37亿元，而经营利润率则由41.6%增加至42.6%。\n第二季度，新业务及其他分部的收入同比增长113.6%至人民币120亿元，主要受零售业务、B2B餐饮供应链服务及共享骑行服务增长的推动。2021年第二季度，该分部的经营亏损同比及环比增长至人民币92亿元，而经营亏损率则继续改善4.8个百分点至负76.8%。\n\n\n\n交易用户数创历史新高 平台活跃度上升\n财报显示，本季度美团年度交易用户数和活跃商家数分别为6.3亿和770万，均创历史新高。\n用户年均交易笔数达32.8笔，同比增长27.8%。主体业务方面，餐饮外卖和到店酒旅业务均实现稳健增长，收入分别增至231亿元和86亿元。\n同时，2021年上半年，美团继续发挥“就业蓄水池”作用，日均活跃骑手超过100万人，二季度骑手成本支出155亿元，同比增长53%。\n调研数据还显示，6成全职骑手月收入高于5000元。\n美团CFO陈少晖表示：\n\n 美团将继续为广大骑手群体提供确定的权益及就业保障，率先响应国家号召，解决他们的后顾之忧。在以科技创新继续助力实体经济的过程中，我们也会继续关注商家等其他平台参与方共同的利益和长远发展，以长期回报为导向，不断优化经营效率，以创造更大的社会价值为企业首要目标。\n\n\n业绩分析及前景预期\n美团表示：由于我们继续投资于能够为本公司带来长期价值并为消费者和商家提供更好产品和服务的领域，新业务及其他分部的经营亏损随之扩大。\n2021年4月，中华人民共和国国家市场监督管理总局（国家市场监督管理总局）根据《中华人民共和国反垄断法》对本公司展开相关调查。截至本报告日期，相关调查仍在进行，本公司积极配合国家市场监督管理总局的调查。本公司于现阶段无法预测相关调查的情况或结果，本公司可能会被要求改变其商业惯例及╱或被处以高额罚款。\n美团过往季度财报公布后股价变动情况及原因","news_type":1,"symbols_score_info":{"03690":0.9}},"isVote":1,"tweetType":1,"viewCount":2796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838698947,"gmtCreate":1629388849789,"gmtModify":1676530026958,"author":{"id":"3549871285956389","authorId":"3549871285956389","name":"_无解_","avatar":"https://static.tigerbbs.com/cfd513996b2ed568c822a25e7a5f7284","crmLevel":7,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549871285956389","authorIdStr":"3549871285956389"},"themes":[],"htmlText":"Reboot &nbsp;error","listText":"Reboot &nbsp;error","text":"Reboot error","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/838698947","repostId":"1198913754","repostType":2,"isVote":1,"tweetType":1,"viewCount":2072,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}