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Bocham
Bocham
·
2021-03-17
Hello
非常抱歉，此主贴已删除
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Bocham
Bocham
·
2021-03-17
Hi
Pinduoduo drops more than 8%<blockquote>拼多多下跌超过 8%</blockquote>
(March 17) Pinduoduo drops more than 8%.Pinduoduo Q4 Non-GAAP EPS of -$0.02beats by $0.01; GAAP EPS
Pinduoduo drops more than 8%<blockquote>拼多多下跌超过 8%</blockquote>
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Bocham
Bocham
·
2021-03-14
Yes
Marijuana stocks fall<blockquote>大麻库存下跌</blockquote>
Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.
Marijuana stocks fall<blockquote>大麻库存下跌</blockquote>
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Bocham
Bocham
·
2021-03-14
Yes
US Daylight Saving Time<blockquote>美国夏令时</blockquote>
From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim
US Daylight Saving Time<blockquote>美国夏令时</blockquote>
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Bocham
Bocham
·
2021-03-14
Yes
Marijuana stocks fall<blockquote>大麻库存下跌</blockquote>
Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.
Marijuana stocks fall<blockquote>大麻库存下跌</blockquote>
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","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324659395","repostId":"1194606272","repostType":4,"repost":{"id":"1194606272","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615990525,"share":"https://www.laohunote.com/m/news/1194606272?lang=zh_CN&edition=full","pubTime":"2021-03-17 22:15","market":"us","language":"en","title":"Pinduoduo drops more than 8%<blockquote>拼多多下跌超过 8%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1194606272","media":"Tiger Newspress","summary":"(March 17) Pinduoduo drops more than 8%.Pinduoduo Q4 Non-GAAP EPS of -$0.02beats by $0.01; GAAP EPS ","content":"<p>(March 17) Pinduoduo drops more than 8%.<img src=\"https://static.tigerbbs.com/fcf2dac380ffeb19c76c6409e91133a7\" tg-width=\"685\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p><blockquote>（3月17日）拼多多跌幅超过8%。</blockquote></p><p><ul><li>Pinduoduo Q4 Non-GAAP EPS of -$0.02beats by $0.01; GAAP EPS of -$0.17misses by $0.01.</li><li>Revenue of $4.07B (+162.6% Y/Y)beats by $1.2B.</li><li>Average monthly active users were 719.9M, an increase of 50% from 481.5M in Q4 2019.</li><li>GMV in the TTM ended Dec. 31, 2020 was RMB1,667.6B ($255.6B), +66% from RMB1006.6B in year ended Dec. 31, 2019.</li></ul><b>Fourth Quarter 2020 Highlights</b></p><p><blockquote><ul><li>拼多多第四季度非 GAAP 每股收益为 -0.02 美元，超出 0.01 美元；GAAP 每股收益为 -0.17 美元，低于 0.01 美元。</li><li>收入 $4.07B（同比增长 162.6%）超过预期 $1.2B。</li><li>平均月活跃用户为7.199亿，较2019年第四季度的4.815亿增长50%。</li><li>截至2020年12月31日，TTM的GMV为人民币1,667.6B元（$255.6B），较截至2019年12月31日止年度的人民币1006.6B元增长66%。</li></ul><b>2020年第四季度亮点</b></blockquote></p><p><ul><li><b>GMV1</b> in the twelve-month period endedDecember 31, 2020wasRMB1,667.6 billion(US$2255.6 billion), an increase of 66% fromRMB1,006.6 billionin the twelve-month period endedDecember 31, 2019.</li><li><b>Total revenues</b> in the quarter wereRMB26,547.7 million(US$4,068.6 million), an increase of 146% fromRMB10,792.7 millionin the same quarter of 2019.</li><li><b>Average monthly active users3</b> in the quarter were 719.9 million, an increase of 50% from 481.5 million in the same quarter of 2019.</li><li><b>Active buyers4</b> in the twelve-month period endedDecember 31, 2020were 788.4 million, an increase of 35% from 585.2 million in the twelve-month period endedDecember 31, 2019.</li><li><b>Annual spending per active buyer5</b> in the twelve-month period endedDecember 31, 2020wasRMB 2,115.2(US$324.2), an increase of 23% fromRMB 1,720.1in the twelve-month period endedDecember 31, 2019.</li></ul>“We saw six years ago that mobile is the only way to go. Therefore, we are the only major consumer internet company in the world that is mobile only. The mobile internet fundamentally transforms the way humans interact with each other,” said Mr.Lei Chen, Chairman and Chief Executive Officer ofPinduoduo.</p><p><blockquote><ul><li><b>GMV1</b>截至2020年12月31日止十二个月期间为人民币16,676亿元（22,556亿美元），较截至2019年12月31日止十二个月期间的人民币10,066亿元增长66%。</li><li><b>收入总额</b>本季度为人民币265.477亿元（40.686亿美元），较2019年同季度的人民币107.927亿元增长146%。</li><li><b>平均月活跃用户数3</b>本季度为 7.199 亿，比 2019 年同季度的 4.815 亿增长 50%。</li><li><b>活跃买家4</b>截至2020年12月31日止十二个月期间为7.884亿美元，较截至2019年12月31日止十二个月期间的5.852亿美元增长35%。</li><li><b>每位活跃买家的年度支出5</b>截至2020年12月31日止十二个月期间为人民币2,115.2元（324.2美元），较截至2019年12月31日止十二个月期间的人民币1,720.1元增长23%。</li></ul>拼多多董事长兼首席执行官陈磊先生表示：“六年前，我们就看到移动是唯一的出路。因此，我们是全球唯一一家只使用移动设备的大型消费互联网公司。移动互联网从根本上改变了人与人之间的互动方式。”</blockquote></p><p>“This revolution is tearing down the walls between the physical and digital worlds. Being a mobile-only product in this new age, we are well-placed to benefit from the opportunities thrown up by each behavioral change.”</p><p><blockquote>“这场革命正在打破物理世界和数字世界之间的壁垒。作为这个新时代的移动产品，我们完全有能力从每一次行为改变带来的机遇中受益”。</blockquote></p><p>“One such change sweeping the world is agriculture and grocery.Pinduoduostarted with agricultural products, with the vision of offering consumers the ‘Costco + Disney’ experience of more savings and more fun. We are now the largest agriculture platform inChinaand we hope thatPinduoduocan one day become the largest grocer in the world,”Mr. Chencontinued.</p><p><blockquote>“其中一个席卷全球的变革是农业和食品杂货。拼多多从农产品起步，其愿景是为消费者提供‘好市多+迪士尼’的体验，让他们更省钱、更有趣。我们现在是中国最大的农业平台，我们希望拼多多有朝一日能成为全球最大的杂货商。”陈继续说道。</blockquote></p><p>“Agriculture is a strategic priority for us, and we will continue to invest in technology and operations across the agricultural value chain to optimize food production, distribution and consumption,” added Mr.David Liu, Vice President of Strategy. “Reducing inefficiencies in the supply chain will lower structural costs and make groceries more affordable for everyone.”</p><p><blockquote>“农业是我们的战略重点，我们将继续投资于整个农业价值链的技术和运营，以优化食品生产、分销和消费，”战略副总裁刘大伟先生补充道。“减少供应链中的低效率将降低结构性成本，让每个人都能买得起食品杂货”。</blockquote></p><p>“We continued to deliver strong results in the fourth quarter and generate positive cash flow from operations,” said Mr.Tony Ma, Vice President of Finance. “Our total revenues for fiscal year 2020 increased 97% from the prior year, and excluding contribution from merchandise sales, our total revenues grew 78%.”</p><p><blockquote>“我们在第四季度继续取得强劲业绩，并从运营中产生正现金流，”财务副总裁马东尼先生说。“我们 2020 财年的总收入比上一年增长了 97%，除去商品销售的贡献，我们的总收入增长了 78%。”</blockquote></p><p><b>Fourth Quarter 2020 Unaudited Financial Results</b></p><p><blockquote><b>2020年第四季度未经审计财务业绩</b></blockquote></p><p><b>Total revenues</b>wereRMB26,547.7 million(US$4,068.6 million), an increase of 146% fromRMB10,792.7 millionin the same quarter of 2019. The increase was primarily due to an increase in revenues from online marketing services and contribution from merchandise sales.</p><p><blockquote><b>收入总额</b>为人民币265.477亿元（40.686亿美元），较2019年同季度的人民币107.927亿元增长146%。该增加主要由于在线营销服务收入及商品销售贡献增加所致。</blockquote></p><p><ul><li><b>Revenues from online marketing services and others</b> were RMB18,922.0 million(US$2,899.9 million), an increase of 95% fromRMB9,686.7 millionin the same quarter of 2019.</li><li><b>Revenues from transaction services</b>wereRMB2,267.9 million(US$347.6 million), an increase of 105% fromRMB1,106.0 millionin the same quarter of 2019.</li><li><b>Revenues from merchandise sales</b>wereRMB5,357.8 million(US$821.1 million), an increase ofRMB5,357.8 millionfrom nil in the same quarter of 2019.</li></ul><b>Total costs of revenues</b>wereRMB11,526.1 million(US$1,766.5 million), an increase of 466% fromRMB2,037.4 millionin the same quarter of 2019. The increase was mainly due to costs and expenses attributable to merchandise sales, higher cost of payment processing fees, cloud services fees, merchant support services, and delivery and storage fees.</p><p><blockquote><ul><li><b>来自在线营销服务及其他的收入</b>为人民币18,922.0百万元（2,899.9百万美元），较2019年同季度的人民币9,686.7百万元增长95%。</li><li><b>交易服务收入</b>为人民币2,267.9百万元（3.476亿美元），较2019年同季度的人民币1,106.0百万元增长105%。</li><li><b>商品销售收入</b>为人民币5,357.8百万元（8.211亿美元），较2019年同一季度的零增加人民币5,357.8百万元。</li></ul><b>收入总成本</b>为人民币11,526.1百万元（1,766.5百万美元），较2019年同季度的人民币2,037.4百万元增长466%。该增加主要由于商品销售应占的成本及开支、支付处理费、云服务费、商户支援服务以及送货及仓储费成本上升所致。</blockquote></p><p><b>Total operating expenses</b>wereRMB17,069.4 million(US$2,616.0 million), compared withRMB10,890.6 millionin the same quarter of 2019.</p><p><blockquote><b>营运开支总额</b>为人民币17,069.4百万元（2,616.0百万美元），而2019年同季度为人民币10,890.6百万元。</blockquote></p><p></p><p><ul><li><b>Sales and marketing expenses</b>wereRMB14,712.5 million(US$2,254.8 million), an increase of 59% fromRMB9,272.5 millionin the same quarter of 2019, mainly due to an increase in advertising expenses and promotion and coupon expenses.</li><li><b>General and administrative expenses</b>wereRMB405.6 million(US$62.2 million), an increase of 17% fromRMB345.7 millionin the same quarter of 2019, primarily due to an increase in professional and outsourcing services.</li><li><b>Research and development expenses</b>wereRMB1,951.3 million(US$299.0 million), an increase of 53% fromRMB1,272.4 millionin the same quarter of 2019. The increase was primarily due to an increase in headcount and the recruitment of more experienced R&D personnel and an increase in R&D-related cloud services expenses.</li></ul><b>Operating loss</b>wasRMB2,047.8 million(US$313.8 million), compared with operating loss ofRMB2,135.3 millionin the same quarter of 2019.<b>Non-GAAP operating loss6</b>wasRMB1,114.5 million(US$170.8 million), compared with operating loss ofRMB1,336.6 millionin the same quarter of 2019.</p><p><blockquote><ul><li><b>销售及市场推广开支</b>为人民币14,712.5百万元（2,254.8百万美元），较二零一九年同季度的人民币9,272.5百万元增长59%，主要由于广告费用以及促销和优惠券费用增加。</li><li><b>一般及行政开支</b>为人民币4.056亿元（6220万美元），较2019年同季度的人民币3.457亿元增长17%，主要是由于专业和外包服务的增加。</li><li><b>研发开支</b>为人民币1,951.3百万元（299.0百万美元），较2019年同季度的人民币1,272.4百万元增长53%。该增加主要由于员工人数增加及招聘更多经验丰富的研发人员以及研发相关云服务开支增加所致。</li></ul><b>经营亏损</b>为人民币20.478亿元（3.138亿美元），而2019年同季度的经营亏损为人民币21.353亿元。<b>非 GAAP 运营亏损6</b>为人民币11.145亿元（1.708亿美元），而2019年同季度的经营亏损为人民币13.366亿元。</blockquote></p><p><b>Net loss attributable to ordinary shareholders</b>wasRMB1,376.4 million(US$210.9 million), compared withRMB1,751.6 millionin the same quarter of 2019.<b>Non-GAAP net loss attributable to ordinary shareholders</b>wasRMB184.5 million(US$28.3 million), compared withRMB815.0 millionin the same quarter of 2019.</p><p><blockquote><b>归属于普通股股东的净亏损</b>为人民币13.764亿元（2.109亿美元），而2019年同季度为人民币17.516亿元。<b>非 GAAP 归属于普通股股东的净亏损</b>为人民币1.845亿元（2830万美元），而2019年同季度为人民币8.15亿元。</blockquote></p><p><b>Basic and diluted net loss per ADS</b>wereRMB1.13(US$0.17), compared withRMB1.52in the same quarter of 2019.<b>Non-GAAP basic and diluted net loss per ADS</b>wereRMB0.15(US$0.02), compared withRMB0.72in the same quarter of 2019.</p><p><blockquote><b>每股美国存托凭证基本及摊薄净亏损</b>为人民币1.13元（0.17美元），而2019年同季度为人民币1.52元。<b>非 GAAP 每股美国存托凭证基本和摊薄净亏损</b>为人民币 0.15 元（0.02 美元），而 2019 年同季度为人民币 0.72 元。</blockquote></p><p><b>Net cash flow from operating activities</b>wasRMB14,946.6 million(US$2,290.7 million), compared withRMB9,598.0 millionin the same quarter of 2019, primarily due to an increase in online marketing services revenues.</p><p><blockquote><b>经营活动产生的现金流量净额</b>为人民币14,946.6百万元（2,290.7百万美元），而2019年同季度为人民币9,598.0百万元，主要由于在线营销服务收入增加。</blockquote></p><p><b>Cash, cash equivalents and short-term investments</b>wereRMB87.0 billion(US$13.3 billion) as ofDecember 31, 2020, compared withRMB41.1 billionas ofDecember 31, 2019.</p><p><blockquote><b>现金、现金等价物及短期投资</b>截至 2020 年 12 月 31 日，该公司为人民币 870 亿元（133 亿美元），而截至 2019 年 12 月 31 日为人民币 411 亿元。</blockquote></p><p><b>Fiscal Year 2020 Financial Results</b></p><p><blockquote><b>2020财年财务业绩</b></blockquote></p><p><b>Total revenues</b>wereRMB59,491.9 million(US$9,117.5 million), representing an increase of 97% fromRMB30,141.9 millionin 2019. The increase was primarily due to an increase in revenues from online marketing services and contribution from merchandise sales.</p><p><blockquote><b>收入总额</b>为人民币59,491.9百万元（9,117.5百万美元），较二零一九年的人民币30,141.9百万元增长97%。该增加主要由于在线营销服务收入及商品销售贡献增加所致。</blockquote></p><p><ul><li><b>Revenues from online marketing services and others</b>wereRMB47,953.8 million(US$7,349.2 million), representing an increase of 79% fromRMB26,813.6 millionin 2019.</li><li><b>Revenues from transaction services</b>wereRMB5,787.4 million(US$887.0 million), representing an increase of 74% fromRMB3,328.2 millionin 2019.</li><li><b>Revenues from merchandise sales</b>wereRMB5,750.7 million(US$881.3 million), an increase ofRMB5,750.7 millionfrom nil in 2019.</li></ul><b>Total costs of revenues</b>wereRMB19,278.6 million(US$2,954.6 million), representing an increase of 204% fromRMB6,338.8 millionin 2019. The increase was mainly due to costs and expenses attributable to merchandise sales, higher cost of payment processing fees, cloud services fees, merchant support services, and delivery and storage fees.</p><p><blockquote><ul><li><b>来自在线营销服务及其他的收入</b>为人民币47,953.8百万元（7,349.2百万美元），较二零一九年的人民币26,813.6百万元增长79%。</li><li><b>交易服务收入</b>为人民币5,787.4百万元（887.0百万美元），较二零一九年的人民币3,328.2百万元增加74%。</li><li><b>商品销售收入</b>为人民币5,750.7百万元（8.813百万美元），较二零一九年的零增加人民币5,750.7百万元。</li></ul><b>收入总成本</b>为人民币19,278.6百万元（2,954.6百万元），较二零一九年的人民币6,338.8百万元增长204%。该增加主要由于商品销售应占的成本及开支、支付处理费、云服务费、商户支援服务以及送货及仓储费成本上升所致。</blockquote></p><p><b>Total operating expenses</b>wereRMB49,593.5 million(US$7,600.5 million), compared withRMB32,341.3 millionin 2019.</p><p><blockquote><b>营运开支总额</b>为人民币49,593.5百万元（7,600.5百万美元），而2019年为人民币32,341.3百万元。</blockquote></p><p><ul><li><b>Sales and marketing expenses</b>wereRMB41,194.6 million(US$6,313.3 million), an increase of 52% fromRMB27,174.2 millionin 2019, mainly due to an increase in advertising expenses and promotion and coupon expenses.</li><li><b>General and administrative expenses</b>wereRMB1,507.3 million(US$231.0 million), an increase of 16% fromRMB1,296.7 millionin 2019, primarily due to an increase in headcount.</li><li><b>Research and development expenses</b>wereRMB6,891.7 million(US$1,056.2 million), an increase of 78% fromRMB3,870.4 millionin 2019. The increase was primarily due to an increase in headcount and the recruitment of more experienced R&D personnel and an increase in R&D-related cloud services expenses.</li></ul><b>Operating loss</b>wasRMB9,380.3 million(US$1,437.6 million), compared with operating loss ofRMB8,538.2 millionin 2019.<b>Non-GAAP operating loss</b>wasRMB5,767.3 million(US$883.9 million), compared withRMB5,980.5 millionin 2019.</p><p><blockquote><ul><li><b>销售及市场推广开支</b>为人民币41,194.6百万元（6,313.3百万美元），较二零一九年的人民币27,174.2百万元增加52%，主要由于广告开支及促销及优惠券开支增加。</li><li><b>一般及行政开支</b>为人民币1,507.3百万元（231.0百万美元），较二零一九年的人民币1,296.7百万元增加16%，主要由于员工人数增加所致。</li><li><b>研发开支</b>为人民币6,891.7百万元（1,056.2百万美元），较2019年的人民币3,870.4百万元增长78%。该增加主要由于员工人数增加及招聘更多经验丰富的研发人员以及研发相关云服务开支增加所致。</li></ul><b>经营亏损</b>为人民币9,380.3百万元（1,437.6百万美元），而2019年的经营亏损为人民币8,538.2百万元。<b>非 GAAP 运营亏损</b>为人民币5,767.3百万元（8.839百万美元），而2019年为人民币5,980.5百万元。</blockquote></p><p><b>Net loss attributable to ordinary shareholders</b>wasRMB7,179.7 million(US$1,100.3 million), compared withRMB6,967.6 millionin 2019.<b>Non-GAAP net loss attributable to ordinary shareholders</b>wasRMB2,965.0 million(US$454.4 million), compared withRMB4,265.8 millionin 2019.</p><p><blockquote><b>归属于普通股股东的净亏损</b>为人民币7,179.7百万元（1,100.3百万美元），而2019年为人民币6,967.6百万元。<b>非 GAAP 归属于普通股股东的净亏损</b>为人民币2,965.0百万元（454.4百万美元），而2019年为人民币4,265.8百万元。</blockquote></p><p><b>Basic and diluted net loss per ADS</b>wereRMB6.02(US$0.92), compared withRMB6.04in 2019. Non-GAAP basic and diluted net loss per ADS wereRMB2.49(US$0.38), compared withRMB3.68in 2019.</p><p><blockquote><b>每股美国存托凭证基本及摊薄净亏损</b>为人民币 6.02 元（0.92 美元），而 2019 年为人民币 6.04 元。非 GAAP 每股美国存托凭证基本和摊薄净亏损为 2.49 元人民币（0.38 美元），而 2019 年为 3.68 元人民币。</blockquote></p><p><b>Net cash provided by operating activities</b>wasRMB28,196.6 million(US$4,321.3 million), compared withRMB14,821.0 millionin 2019, primarily due to an increase in online marketing services revenues.</p><p><blockquote><b>经营活动提供的现金净额</b>为人民币28,196.6百万元（4,321.3百万美元），而2019年为人民币14,821.0百万元，主要由于在线营销服务收入增加。</blockquote></p><p><b>Recent Development</b></p><p><blockquote><b>近期发展</b></blockquote></p><p></p><p>As of February 28, 2021,US$711.9 millionof the 0% convertible bond due in 2024 have been converted into newly issued ADSs.</p><p><blockquote>截至2021年2月28日，于2024年到期的0%可换股债券中的7.119亿美元已转换为新发行的美国存托凭证。</blockquote></p><p></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>Pinduoduo drops more than 8%<blockquote>拼多多下跌超过 8%</blockquote></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; 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}\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\">\nPinduoduo drops more than 8%<blockquote>拼多多下跌超过 8%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-17 22:15</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 17) Pinduoduo drops more than 8%.<img src=\"https://static.tigerbbs.com/fcf2dac380ffeb19c76c6409e91133a7\" tg-width=\"685\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p><blockquote>（3月17日）拼多多跌幅超过8%。</blockquote></p><p><ul><li>Pinduoduo Q4 Non-GAAP EPS of -$0.02beats by $0.01; GAAP EPS of -$0.17misses by $0.01.</li><li>Revenue of $4.07B (+162.6% Y/Y)beats by $1.2B.</li><li>Average monthly active users were 719.9M, an increase of 50% from 481.5M in Q4 2019.</li><li>GMV in the TTM ended Dec. 31, 2020 was RMB1,667.6B ($255.6B), +66% from RMB1006.6B in year ended Dec. 31, 2019.</li></ul><b>Fourth Quarter 2020 Highlights</b></p><p><blockquote><ul><li>拼多多第四季度非 GAAP 每股收益为 -0.02 美元，超出 0.01 美元；GAAP 每股收益为 -0.17 美元，低于 0.01 美元。</li><li>收入 $4.07B（同比增长 162.6%）超过预期 $1.2B。</li><li>平均月活跃用户为7.199亿，较2019年第四季度的4.815亿增长50%。</li><li>截至2020年12月31日，TTM的GMV为人民币1,667.6B元（$255.6B），较截至2019年12月31日止年度的人民币1006.6B元增长66%。</li></ul><b>2020年第四季度亮点</b></blockquote></p><p><ul><li><b>GMV1</b> in the twelve-month period endedDecember 31, 2020wasRMB1,667.6 billion(US$2255.6 billion), an increase of 66% fromRMB1,006.6 billionin the twelve-month period endedDecember 31, 2019.</li><li><b>Total revenues</b> in the quarter wereRMB26,547.7 million(US$4,068.6 million), an increase of 146% fromRMB10,792.7 millionin the same quarter of 2019.</li><li><b>Average monthly active users3</b> in the quarter were 719.9 million, an increase of 50% from 481.5 million in the same quarter of 2019.</li><li><b>Active buyers4</b> in the twelve-month period endedDecember 31, 2020were 788.4 million, an increase of 35% from 585.2 million in the twelve-month period endedDecember 31, 2019.</li><li><b>Annual spending per active buyer5</b> in the twelve-month period endedDecember 31, 2020wasRMB 2,115.2(US$324.2), an increase of 23% fromRMB 1,720.1in the twelve-month period endedDecember 31, 2019.</li></ul>“We saw six years ago that mobile is the only way to go. Therefore, we are the only major consumer internet company in the world that is mobile only. The mobile internet fundamentally transforms the way humans interact with each other,” said Mr.Lei Chen, Chairman and Chief Executive Officer ofPinduoduo.</p><p><blockquote><ul><li><b>GMV1</b>截至2020年12月31日止十二个月期间为人民币16,676亿元（22,556亿美元），较截至2019年12月31日止十二个月期间的人民币10,066亿元增长66%。</li><li><b>收入总额</b>本季度为人民币265.477亿元（40.686亿美元），较2019年同季度的人民币107.927亿元增长146%。</li><li><b>平均月活跃用户数3</b>本季度为 7.199 亿，比 2019 年同季度的 4.815 亿增长 50%。</li><li><b>活跃买家4</b>截至2020年12月31日止十二个月期间为7.884亿美元，较截至2019年12月31日止十二个月期间的5.852亿美元增长35%。</li><li><b>每位活跃买家的年度支出5</b>截至2020年12月31日止十二个月期间为人民币2,115.2元（324.2美元），较截至2019年12月31日止十二个月期间的人民币1,720.1元增长23%。</li></ul>拼多多董事长兼首席执行官陈磊先生表示：“六年前，我们就看到移动是唯一的出路。因此，我们是全球唯一一家只使用移动设备的大型消费互联网公司。移动互联网从根本上改变了人与人之间的互动方式。”</blockquote></p><p>“This revolution is tearing down the walls between the physical and digital worlds. Being a mobile-only product in this new age, we are well-placed to benefit from the opportunities thrown up by each behavioral change.”</p><p><blockquote>“这场革命正在打破物理世界和数字世界之间的壁垒。作为这个新时代的移动产品，我们完全有能力从每一次行为改变带来的机遇中受益”。</blockquote></p><p>“One such change sweeping the world is agriculture and grocery.Pinduoduostarted with agricultural products, with the vision of offering consumers the ‘Costco + Disney’ experience of more savings and more fun. We are now the largest agriculture platform inChinaand we hope thatPinduoduocan one day become the largest grocer in the world,”Mr. Chencontinued.</p><p><blockquote>“其中一个席卷全球的变革是农业和食品杂货。拼多多从农产品起步，其愿景是为消费者提供‘好市多+迪士尼’的体验，让他们更省钱、更有趣。我们现在是中国最大的农业平台，我们希望拼多多有朝一日能成为全球最大的杂货商。”陈继续说道。</blockquote></p><p>“Agriculture is a strategic priority for us, and we will continue to invest in technology and operations across the agricultural value chain to optimize food production, distribution and consumption,” added Mr.David Liu, Vice President of Strategy. “Reducing inefficiencies in the supply chain will lower structural costs and make groceries more affordable for everyone.”</p><p><blockquote>“农业是我们的战略重点，我们将继续投资于整个农业价值链的技术和运营，以优化食品生产、分销和消费，”战略副总裁刘大伟先生补充道。“减少供应链中的低效率将降低结构性成本，让每个人都能买得起食品杂货”。</blockquote></p><p>“We continued to deliver strong results in the fourth quarter and generate positive cash flow from operations,” said Mr.Tony Ma, Vice President of Finance. “Our total revenues for fiscal year 2020 increased 97% from the prior year, and excluding contribution from merchandise sales, our total revenues grew 78%.”</p><p><blockquote>“我们在第四季度继续取得强劲业绩，并从运营中产生正现金流，”财务副总裁马东尼先生说。“我们 2020 财年的总收入比上一年增长了 97%，除去商品销售的贡献，我们的总收入增长了 78%。”</blockquote></p><p><b>Fourth Quarter 2020 Unaudited Financial Results</b></p><p><blockquote><b>2020年第四季度未经审计财务业绩</b></blockquote></p><p><b>Total revenues</b>wereRMB26,547.7 million(US$4,068.6 million), an increase of 146% fromRMB10,792.7 millionin the same quarter of 2019. The increase was primarily due to an increase in revenues from online marketing services and contribution from merchandise sales.</p><p><blockquote><b>收入总额</b>为人民币265.477亿元（40.686亿美元），较2019年同季度的人民币107.927亿元增长146%。该增加主要由于在线营销服务收入及商品销售贡献增加所致。</blockquote></p><p><ul><li><b>Revenues from online marketing services and others</b> were RMB18,922.0 million(US$2,899.9 million), an increase of 95% fromRMB9,686.7 millionin the same quarter of 2019.</li><li><b>Revenues from transaction services</b>wereRMB2,267.9 million(US$347.6 million), an increase of 105% fromRMB1,106.0 millionin the same quarter of 2019.</li><li><b>Revenues from merchandise sales</b>wereRMB5,357.8 million(US$821.1 million), an increase ofRMB5,357.8 millionfrom nil in the same quarter of 2019.</li></ul><b>Total costs of revenues</b>wereRMB11,526.1 million(US$1,766.5 million), an increase of 466% fromRMB2,037.4 millionin the same quarter of 2019. The increase was mainly due to costs and expenses attributable to merchandise sales, higher cost of payment processing fees, cloud services fees, merchant support services, and delivery and storage fees.</p><p><blockquote><ul><li><b>来自在线营销服务及其他的收入</b>为人民币18,922.0百万元（2,899.9百万美元），较2019年同季度的人民币9,686.7百万元增长95%。</li><li><b>交易服务收入</b>为人民币2,267.9百万元（3.476亿美元），较2019年同季度的人民币1,106.0百万元增长105%。</li><li><b>商品销售收入</b>为人民币5,357.8百万元（8.211亿美元），较2019年同一季度的零增加人民币5,357.8百万元。</li></ul><b>收入总成本</b>为人民币11,526.1百万元（1,766.5百万美元），较2019年同季度的人民币2,037.4百万元增长466%。该增加主要由于商品销售应占的成本及开支、支付处理费、云服务费、商户支援服务以及送货及仓储费成本上升所致。</blockquote></p><p><b>Total operating expenses</b>wereRMB17,069.4 million(US$2,616.0 million), compared withRMB10,890.6 millionin the same quarter of 2019.</p><p><blockquote><b>营运开支总额</b>为人民币17,069.4百万元（2,616.0百万美元），而2019年同季度为人民币10,890.6百万元。</blockquote></p><p></p><p><ul><li><b>Sales and marketing expenses</b>wereRMB14,712.5 million(US$2,254.8 million), an increase of 59% fromRMB9,272.5 millionin the same quarter of 2019, mainly due to an increase in advertising expenses and promotion and coupon expenses.</li><li><b>General and administrative expenses</b>wereRMB405.6 million(US$62.2 million), an increase of 17% fromRMB345.7 millionin the same quarter of 2019, primarily due to an increase in professional and outsourcing services.</li><li><b>Research and development expenses</b>wereRMB1,951.3 million(US$299.0 million), an increase of 53% fromRMB1,272.4 millionin the same quarter of 2019. The increase was primarily due to an increase in headcount and the recruitment of more experienced R&D personnel and an increase in R&D-related cloud services expenses.</li></ul><b>Operating loss</b>wasRMB2,047.8 million(US$313.8 million), compared with operating loss ofRMB2,135.3 millionin the same quarter of 2019.<b>Non-GAAP operating loss6</b>wasRMB1,114.5 million(US$170.8 million), compared with operating loss ofRMB1,336.6 millionin the same quarter of 2019.</p><p><blockquote><ul><li><b>销售及市场推广开支</b>为人民币14,712.5百万元（2,254.8百万美元），较二零一九年同季度的人民币9,272.5百万元增长59%，主要由于广告费用以及促销和优惠券费用增加。</li><li><b>一般及行政开支</b>为人民币4.056亿元（6220万美元），较2019年同季度的人民币3.457亿元增长17%，主要是由于专业和外包服务的增加。</li><li><b>研发开支</b>为人民币1,951.3百万元（299.0百万美元），较2019年同季度的人民币1,272.4百万元增长53%。该增加主要由于员工人数增加及招聘更多经验丰富的研发人员以及研发相关云服务开支增加所致。</li></ul><b>经营亏损</b>为人民币20.478亿元（3.138亿美元），而2019年同季度的经营亏损为人民币21.353亿元。<b>非 GAAP 运营亏损6</b>为人民币11.145亿元（1.708亿美元），而2019年同季度的经营亏损为人民币13.366亿元。</blockquote></p><p><b>Net loss attributable to ordinary shareholders</b>wasRMB1,376.4 million(US$210.9 million), compared withRMB1,751.6 millionin the same quarter of 2019.<b>Non-GAAP net loss attributable to ordinary shareholders</b>wasRMB184.5 million(US$28.3 million), compared withRMB815.0 millionin the same quarter of 2019.</p><p><blockquote><b>归属于普通股股东的净亏损</b>为人民币13.764亿元（2.109亿美元），而2019年同季度为人民币17.516亿元。<b>非 GAAP 归属于普通股股东的净亏损</b>为人民币1.845亿元（2830万美元），而2019年同季度为人民币8.15亿元。</blockquote></p><p><b>Basic and diluted net loss per ADS</b>wereRMB1.13(US$0.17), compared withRMB1.52in the same quarter of 2019.<b>Non-GAAP basic and diluted net loss per ADS</b>wereRMB0.15(US$0.02), compared withRMB0.72in the same quarter of 2019.</p><p><blockquote><b>每股美国存托凭证基本及摊薄净亏损</b>为人民币1.13元（0.17美元），而2019年同季度为人民币1.52元。<b>非 GAAP 每股美国存托凭证基本和摊薄净亏损</b>为人民币 0.15 元（0.02 美元），而 2019 年同季度为人民币 0.72 元。</blockquote></p><p><b>Net cash flow from operating activities</b>wasRMB14,946.6 million(US$2,290.7 million), compared withRMB9,598.0 millionin the same quarter of 2019, primarily due to an increase in online marketing services revenues.</p><p><blockquote><b>经营活动产生的现金流量净额</b>为人民币14,946.6百万元（2,290.7百万美元），而2019年同季度为人民币9,598.0百万元，主要由于在线营销服务收入增加。</blockquote></p><p><b>Cash, cash equivalents and short-term investments</b>wereRMB87.0 billion(US$13.3 billion) as ofDecember 31, 2020, compared withRMB41.1 billionas ofDecember 31, 2019.</p><p><blockquote><b>现金、现金等价物及短期投资</b>截至 2020 年 12 月 31 日，该公司为人民币 870 亿元（133 亿美元），而截至 2019 年 12 月 31 日为人民币 411 亿元。</blockquote></p><p><b>Fiscal Year 2020 Financial Results</b></p><p><blockquote><b>2020财年财务业绩</b></blockquote></p><p><b>Total revenues</b>wereRMB59,491.9 million(US$9,117.5 million), representing an increase of 97% fromRMB30,141.9 millionin 2019. The increase was primarily due to an increase in revenues from online marketing services and contribution from merchandise sales.</p><p><blockquote><b>收入总额</b>为人民币59,491.9百万元（9,117.5百万美元），较二零一九年的人民币30,141.9百万元增长97%。该增加主要由于在线营销服务收入及商品销售贡献增加所致。</blockquote></p><p><ul><li><b>Revenues from online marketing services and others</b>wereRMB47,953.8 million(US$7,349.2 million), representing an increase of 79% fromRMB26,813.6 millionin 2019.</li><li><b>Revenues from transaction services</b>wereRMB5,787.4 million(US$887.0 million), representing an increase of 74% fromRMB3,328.2 millionin 2019.</li><li><b>Revenues from merchandise sales</b>wereRMB5,750.7 million(US$881.3 million), an increase ofRMB5,750.7 millionfrom nil in 2019.</li></ul><b>Total costs of revenues</b>wereRMB19,278.6 million(US$2,954.6 million), representing an increase of 204% fromRMB6,338.8 millionin 2019. The increase was mainly due to costs and expenses attributable to merchandise sales, higher cost of payment processing fees, cloud services fees, merchant support services, and delivery and storage fees.</p><p><blockquote><ul><li><b>来自在线营销服务及其他的收入</b>为人民币47,953.8百万元（7,349.2百万美元），较二零一九年的人民币26,813.6百万元增长79%。</li><li><b>交易服务收入</b>为人民币5,787.4百万元（887.0百万美元），较二零一九年的人民币3,328.2百万元增加74%。</li><li><b>商品销售收入</b>为人民币5,750.7百万元（8.813百万美元），较二零一九年的零增加人民币5,750.7百万元。</li></ul><b>收入总成本</b>为人民币19,278.6百万元（2,954.6百万元），较二零一九年的人民币6,338.8百万元增长204%。该增加主要由于商品销售应占的成本及开支、支付处理费、云服务费、商户支援服务以及送货及仓储费成本上升所致。</blockquote></p><p><b>Total operating expenses</b>wereRMB49,593.5 million(US$7,600.5 million), compared withRMB32,341.3 millionin 2019.</p><p><blockquote><b>营运开支总额</b>为人民币49,593.5百万元（7,600.5百万美元），而2019年为人民币32,341.3百万元。</blockquote></p><p><ul><li><b>Sales and marketing expenses</b>wereRMB41,194.6 million(US$6,313.3 million), an increase of 52% fromRMB27,174.2 millionin 2019, mainly due to an increase in advertising expenses and promotion and coupon expenses.</li><li><b>General and administrative expenses</b>wereRMB1,507.3 million(US$231.0 million), an increase of 16% fromRMB1,296.7 millionin 2019, primarily due to an increase in headcount.</li><li><b>Research and development expenses</b>wereRMB6,891.7 million(US$1,056.2 million), an increase of 78% fromRMB3,870.4 millionin 2019. The increase was primarily due to an increase in headcount and the recruitment of more experienced R&D personnel and an increase in R&D-related cloud services expenses.</li></ul><b>Operating loss</b>wasRMB9,380.3 million(US$1,437.6 million), compared with operating loss ofRMB8,538.2 millionin 2019.<b>Non-GAAP operating loss</b>wasRMB5,767.3 million(US$883.9 million), compared withRMB5,980.5 millionin 2019.</p><p><blockquote><ul><li><b>销售及市场推广开支</b>为人民币41,194.6百万元（6,313.3百万美元），较二零一九年的人民币27,174.2百万元增加52%，主要由于广告开支及促销及优惠券开支增加。</li><li><b>一般及行政开支</b>为人民币1,507.3百万元（231.0百万美元），较二零一九年的人民币1,296.7百万元增加16%，主要由于员工人数增加所致。</li><li><b>研发开支</b>为人民币6,891.7百万元（1,056.2百万美元），较2019年的人民币3,870.4百万元增长78%。该增加主要由于员工人数增加及招聘更多经验丰富的研发人员以及研发相关云服务开支增加所致。</li></ul><b>经营亏损</b>为人民币9,380.3百万元（1,437.6百万美元），而2019年的经营亏损为人民币8,538.2百万元。<b>非 GAAP 运营亏损</b>为人民币5,767.3百万元（8.839百万美元），而2019年为人民币5,980.5百万元。</blockquote></p><p><b>Net loss attributable to ordinary shareholders</b>wasRMB7,179.7 million(US$1,100.3 million), compared withRMB6,967.6 millionin 2019.<b>Non-GAAP net loss attributable to ordinary shareholders</b>wasRMB2,965.0 million(US$454.4 million), compared withRMB4,265.8 millionin 2019.</p><p><blockquote><b>归属于普通股股东的净亏损</b>为人民币7,179.7百万元（1,100.3百万美元），而2019年为人民币6,967.6百万元。<b>非 GAAP 归属于普通股股东的净亏损</b>为人民币2,965.0百万元（454.4百万美元），而2019年为人民币4,265.8百万元。</blockquote></p><p><b>Basic and diluted net loss per ADS</b>wereRMB6.02(US$0.92), compared withRMB6.04in 2019. Non-GAAP basic and diluted net loss per ADS wereRMB2.49(US$0.38), compared withRMB3.68in 2019.</p><p><blockquote><b>每股美国存托凭证基本及摊薄净亏损</b>为人民币 6.02 元（0.92 美元），而 2019 年为人民币 6.04 元。非 GAAP 每股美国存托凭证基本和摊薄净亏损为 2.49 元人民币（0.38 美元），而 2019 年为 3.68 元人民币。</blockquote></p><p><b>Net cash provided by operating activities</b>wasRMB28,196.6 million(US$4,321.3 million), compared withRMB14,821.0 millionin 2019, primarily due to an increase in online marketing services revenues.</p><p><blockquote><b>经营活动提供的现金净额</b>为人民币28,196.6百万元（4,321.3百万美元），而2019年为人民币14,821.0百万元，主要由于在线营销服务收入增加。</blockquote></p><p><b>Recent Development</b></p><p><blockquote><b>近期发展</b></blockquote></p><p></p><p>As of February 28, 2021,US$711.9 millionof the 0% convertible bond due in 2024 have been converted into newly issued ADSs.</p><p><blockquote>截至2021年2月28日，于2024年到期的0%可换股债券中的7.119亿美元已转换为新发行的美国存托凭证。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194606272","content_text":"(March 17) Pinduoduo drops more than 8%.Pinduoduo Q4 Non-GAAP EPS of -$0.02beats by $0.01; GAAP EPS of -$0.17misses by $0.01.Revenue of $4.07B (+162.6% Y/Y)beats by $1.2B.Average monthly active users were 719.9M, an increase of 50% from 481.5M in Q4 2019.GMV in the TTM ended Dec. 31, 2020 was RMB1,667.6B ($255.6B), +66% from RMB1006.6B in year ended Dec. 31, 2019.Fourth Quarter 2020 HighlightsGMV1 in the twelve-month period endedDecember 31, 2020wasRMB1,667.6 billion(US$2255.6 billion), an increase of 66% fromRMB1,006.6 billionin the twelve-month period endedDecember 31, 2019.Total revenues in the quarter wereRMB26,547.7 million(US$4,068.6 million), an increase of 146% fromRMB10,792.7 millionin the same quarter of 2019.Average monthly active users3 in the quarter were 719.9 million, an increase of 50% from 481.5 million in the same quarter of 2019.Active buyers4 in the twelve-month period endedDecember 31, 2020were 788.4 million, an increase of 35% from 585.2 million in the twelve-month period endedDecember 31, 2019.Annual spending per active buyer5 in the twelve-month period endedDecember 31, 2020wasRMB 2,115.2(US$324.2), an increase of 23% fromRMB 1,720.1in the twelve-month period endedDecember 31, 2019.“We saw six years ago that mobile is the only way to go. Therefore, we are the only major consumer internet company in the world that is mobile only. The mobile internet fundamentally transforms the way humans interact with each other,” said Mr.Lei Chen, Chairman and Chief Executive Officer ofPinduoduo.“This revolution is tearing down the walls between the physical and digital worlds. Being a mobile-only product in this new age, we are well-placed to benefit from the opportunities thrown up by each behavioral change.”“One such change sweeping the world is agriculture and grocery.Pinduoduostarted with agricultural products, with the vision of offering consumers the ‘Costco + Disney’ experience of more savings and more fun. We are now the largest agriculture platform inChinaand we hope thatPinduoduocan one day become the largest grocer in the world,”Mr. Chencontinued.“Agriculture is a strategic priority for us, and we will continue to invest in technology and operations across the agricultural value chain to optimize food production, distribution and consumption,” added Mr.David Liu, Vice President of Strategy. “Reducing inefficiencies in the supply chain will lower structural costs and make groceries more affordable for everyone.”“We continued to deliver strong results in the fourth quarter and generate positive cash flow from operations,” said Mr.Tony Ma, Vice President of Finance. “Our total revenues for fiscal year 2020 increased 97% from the prior year, and excluding contribution from merchandise sales, our total revenues grew 78%.”Fourth Quarter 2020 Unaudited Financial ResultsTotal revenueswereRMB26,547.7 million(US$4,068.6 million), an increase of 146% fromRMB10,792.7 millionin the same quarter of 2019. The increase was primarily due to an increase in revenues from online marketing services and contribution from merchandise sales.Revenues from online marketing services and others were RMB18,922.0 million(US$2,899.9 million), an increase of 95% fromRMB9,686.7 millionin the same quarter of 2019.Revenues from transaction serviceswereRMB2,267.9 million(US$347.6 million), an increase of 105% fromRMB1,106.0 millionin the same quarter of 2019.Revenues from merchandise saleswereRMB5,357.8 million(US$821.1 million), an increase ofRMB5,357.8 millionfrom nil in the same quarter of 2019.Total costs of revenueswereRMB11,526.1 million(US$1,766.5 million), an increase of 466% fromRMB2,037.4 millionin the same quarter of 2019. The increase was mainly due to costs and expenses attributable to merchandise sales, higher cost of payment processing fees, cloud services fees, merchant support services, and delivery and storage fees.Total operating expenseswereRMB17,069.4 million(US$2,616.0 million), compared withRMB10,890.6 millionin the same quarter of 2019.Sales and marketing expenseswereRMB14,712.5 million(US$2,254.8 million), an increase of 59% fromRMB9,272.5 millionin the same quarter of 2019, mainly due to an increase in advertising expenses and promotion and coupon expenses.General and administrative expenseswereRMB405.6 million(US$62.2 million), an increase of 17% fromRMB345.7 millionin the same quarter of 2019, primarily due to an increase in professional and outsourcing services.Research and development expenseswereRMB1,951.3 million(US$299.0 million), an increase of 53% fromRMB1,272.4 millionin the same quarter of 2019. The increase was primarily due to an increase in headcount and the recruitment of more experienced R&D personnel and an increase in R&D-related cloud services expenses.Operating losswasRMB2,047.8 million(US$313.8 million), compared with operating loss ofRMB2,135.3 millionin the same quarter of 2019.Non-GAAP operating loss6wasRMB1,114.5 million(US$170.8 million), compared with operating loss ofRMB1,336.6 millionin the same quarter of 2019.Net loss attributable to ordinary shareholderswasRMB1,376.4 million(US$210.9 million), compared withRMB1,751.6 millionin the same quarter of 2019.Non-GAAP net loss attributable to ordinary shareholderswasRMB184.5 million(US$28.3 million), compared withRMB815.0 millionin the same quarter of 2019.Basic and diluted net loss per ADSwereRMB1.13(US$0.17), compared withRMB1.52in the same quarter of 2019.Non-GAAP basic and diluted net loss per ADSwereRMB0.15(US$0.02), compared withRMB0.72in the same quarter of 2019.Net cash flow from operating activitieswasRMB14,946.6 million(US$2,290.7 million), compared withRMB9,598.0 millionin the same quarter of 2019, primarily due to an increase in online marketing services revenues.Cash, cash equivalents and short-term investmentswereRMB87.0 billion(US$13.3 billion) as ofDecember 31, 2020, compared withRMB41.1 billionas ofDecember 31, 2019.Fiscal Year 2020 Financial ResultsTotal revenueswereRMB59,491.9 million(US$9,117.5 million), representing an increase of 97% fromRMB30,141.9 millionin 2019. The increase was primarily due to an increase in revenues from online marketing services and contribution from merchandise sales.Revenues from online marketing services and otherswereRMB47,953.8 million(US$7,349.2 million), representing an increase of 79% fromRMB26,813.6 millionin 2019.Revenues from transaction serviceswereRMB5,787.4 million(US$887.0 million), representing an increase of 74% fromRMB3,328.2 millionin 2019.Revenues from merchandise saleswereRMB5,750.7 million(US$881.3 million), an increase ofRMB5,750.7 millionfrom nil in 2019.Total costs of revenueswereRMB19,278.6 million(US$2,954.6 million), representing an increase of 204% fromRMB6,338.8 millionin 2019. The increase was mainly due to costs and expenses attributable to merchandise sales, higher cost of payment processing fees, cloud services fees, merchant support services, and delivery and storage fees.Total operating expenseswereRMB49,593.5 million(US$7,600.5 million), compared withRMB32,341.3 millionin 2019.Sales and marketing expenseswereRMB41,194.6 million(US$6,313.3 million), an increase of 52% fromRMB27,174.2 millionin 2019, mainly due to an increase in advertising expenses and promotion and coupon expenses.General and administrative expenseswereRMB1,507.3 million(US$231.0 million), an increase of 16% fromRMB1,296.7 millionin 2019, primarily due to an increase in headcount.Research and development expenseswereRMB6,891.7 million(US$1,056.2 million), an increase of 78% fromRMB3,870.4 millionin 2019. The increase was primarily due to an increase in headcount and the recruitment of more experienced R&D personnel and an increase in R&D-related cloud services expenses.Operating losswasRMB9,380.3 million(US$1,437.6 million), compared with operating loss ofRMB8,538.2 millionin 2019.Non-GAAP operating losswasRMB5,767.3 million(US$883.9 million), compared withRMB5,980.5 millionin 2019.Net loss attributable to ordinary shareholderswasRMB7,179.7 million(US$1,100.3 million), compared withRMB6,967.6 millionin 2019.Non-GAAP net loss attributable to ordinary shareholderswasRMB2,965.0 million(US$454.4 million), compared withRMB4,265.8 millionin 2019.Basic and diluted net loss per ADSwereRMB6.02(US$0.92), compared withRMB6.04in 2019. Non-GAAP basic and diluted net loss per ADS wereRMB2.49(US$0.38), compared withRMB3.68in 2019.Net cash provided by operating activitieswasRMB28,196.6 million(US$4,321.3 million), compared withRMB14,821.0 millionin 2019, primarily due to an increase in online marketing services revenues.Recent DevelopmentAs of February 28, 2021,US$711.9 millionof the 0% convertible bond due in 2024 have been converted into newly issued ADSs.","news_type":1,"symbols_score_info":{"PDD":0.9}},"isVote":1,"tweetType":1,"viewCount":1713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326755107,"gmtCreate":1615721268609,"gmtModify":1703492378581,"author":{"id":"3578361347825459","authorId":"3578361347825459","name":"Bocham","avatar":"https://static.tigerbbs.com/fccce881bd248f82c4ad28a1e71dd003","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578361347825459","authorIdStr":"3578361347825459"},"themes":[],"title":"","htmlText":"Yes ","listText":"Yes ","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326755107","repostId":"1104628946","repostType":4,"repost":{"id":"1104628946","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615561247,"share":"https://www.laohunote.com/m/news/1104628946?lang=zh_CN&edition=full","pubTime":"2021-03-12 23:00","market":"us","language":"en","title":"Marijuana stocks fall<blockquote>大麻库存下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104628946","media":"Tiger Newspress","summary":"Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.","content":"<p>Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.</p><p><blockquote>Tilray Inc下跌6%，Aphria、Canopy、Aurora、Sundial Growers和Cronos下跌3%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/78fc26b0f02217c25526a73d40b1f353\" tg-width=\"420\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></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>Marijuana stocks fall<blockquote>大麻库存下跌</blockquote></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\">\nMarijuana stocks fall<blockquote>大麻库存下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-12 23:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.</p><p><blockquote>Tilray Inc下跌6%，Aphria、Canopy、Aurora、Sundial Growers和Cronos下跌3%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/78fc26b0f02217c25526a73d40b1f353\" tg-width=\"420\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc.","CRON":"Cronos Group Inc.","ACB":"奥罗拉大麻公司","CGC":"Canopy Growth Corporation","TLRY":"Tilray Inc.","APHA":"Aphria Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104628946","content_text":"Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.","news_type":1,"symbols_score_info":{"APHA":0.9,"CGC":0.9,"CRON":0.9,"SNDL":0.9,"ACB":0.9,"TLRY":0.9}},"isVote":1,"tweetType":1,"viewCount":1739,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326755311,"gmtCreate":1615721244733,"gmtModify":1703492378067,"author":{"id":"3578361347825459","authorId":"3578361347825459","name":"Bocham","avatar":"https://static.tigerbbs.com/fccce881bd248f82c4ad28a1e71dd003","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578361347825459","authorIdStr":"3578361347825459"},"themes":[],"title":"","htmlText":"Yes ","listText":"Yes ","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326755311","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615452861,"share":"https://www.laohunote.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</blockquote></p><p></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>US Daylight Saving Time<blockquote>美国夏令时</blockquote></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\">\nUS Daylight Saving Time<blockquote>美国夏令时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02：00开始，北美地区进入夏令时，直到美国东部时间2021年11月7日02：00结束。</blockquote></p><p>So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.</p><p><blockquote>于是，从3月14日周一开始，美国市场将在北美夏令时期间提前一小时开盘和收盘，即美国交易时间改为北京时间21:30至次日凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天会持续更长时间到晚上。北美和欧洲的大部分地区遵循这一习俗，而其他地方的大多数国家则不这样做。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。坚持现状是义不容辞的责任。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326752764,"gmtCreate":1615721198758,"gmtModify":1703492377723,"author":{"id":"3578361347825459","authorId":"3578361347825459","name":"Bocham","avatar":"https://static.tigerbbs.com/fccce881bd248f82c4ad28a1e71dd003","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578361347825459","authorIdStr":"3578361347825459"},"themes":[],"title":"","htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326752764","repostId":"1104628946","repostType":4,"repost":{"id":"1104628946","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615561247,"share":"https://www.laohunote.com/m/news/1104628946?lang=zh_CN&edition=full","pubTime":"2021-03-12 23:00","market":"us","language":"en","title":"Marijuana stocks fall<blockquote>大麻库存下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104628946","media":"Tiger Newspress","summary":"Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.","content":"<p>Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.</p><p><blockquote>Tilray Inc下跌6%，Aphria、Canopy、Aurora、Sundial Growers和Cronos下跌3%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/78fc26b0f02217c25526a73d40b1f353\" tg-width=\"420\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></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>Marijuana stocks fall<blockquote>大麻库存下跌</blockquote></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; 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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\">\nMarijuana stocks fall<blockquote>大麻库存下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-12 23:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.</p><p><blockquote>Tilray Inc下跌6%，Aphria、Canopy、Aurora、Sundial Growers和Cronos下跌3%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/78fc26b0f02217c25526a73d40b1f353\" tg-width=\"420\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc.","CRON":"Cronos Group Inc.","ACB":"奥罗拉大麻公司","CGC":"Canopy Growth Corporation","TLRY":"Tilray Inc.","APHA":"Aphria Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104628946","content_text":"Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.","news_type":1,"symbols_score_info":{"APHA":0.9,"CGC":0.9,"CRON":0.9,"SNDL":0.9,"ACB":0.9,"TLRY":0.9}},"isVote":1,"tweetType":1,"viewCount":1647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}