On the evening of June 20, Gree Electric announced the first phase of the employee stock ownership plan. The total number of employees who intend to participate in the employee stock ownership plan does not exceed 12,000. The capital scale of the employee stock ownership plan does not exceed 3 billion yuan, accounting for the company’s total share capital. 1.8%.

Southern Metropolis reporter noticed that, perhaps affected by this news, after the opening of the market on June 21, Gree Electric Appliances plummeted all the way. At the close of the market, Gree Electric Appliances stock price was 51.11 yuan, a decrease of 4.79%.

On the evening of June 20, Gree Electric announced the first phase of the employee stock ownership plan. The total number of employees who intend to participate in the employee stock ownership plan does not exceed 12,000. The capital scale of the employee stock ownership plan does not exceed 3 billion yuan, accounting for the company’s total share capital. 1.8%.
Southern Metropolis reporter noticed that, perhaps affected by this news, after the opening of the market on June 21, Gree Electric Appliances plummeted all the way. At the close of the market, Gree Electric Appliances stock price was 51.11 yuan, a decrease of 4.79%.
Gree Electric’s last large-scale equity incentive was in 2009. At that time, the major shareholder Gree Group transferred 16.042,500 shares of Gree Electric. The company’s senior executives provide equity incentives.
On April 15 this year, Gree Electric announced again that it plans to launch an employee stock ownership plan. The total number of stocks to be held in this employee stock ownership plan does not exceed 3% of the company’s total equity. The total number of stocks corresponding to the equity interests of a single employee The cumulative total does not exceed 1% of the company’s total equity. Gree Electric stated that the source of stocks for this employee stock ownership plan is the accumulated repurchased shares in the company’s special repurchase account and the shares obtained in a manner permitted by laws and regulations such as secondary market purchases.
Nandu reporter combed and found that since April 2020, Gree Electric has issued three share repurchase announcements. In 2020, Gree Electric Appliances repurchased shares twice, with a total of 12 billion yuan used to repurchase a total of 209 million shares, accounting for 3.48% of the company’s total share capital. On the evening of May 26, 2021, Gree Electric announced the highest of the new phase The 15 billion yuan stock repurchase plan is used to invest in equity repurchase for employee incentives, improve governance mechanisms, and do diversified businesses. The repurchase amount exceeds the sum of the previous two periods.
According to the announcement on June 20, the latest employee stock ownership plan intends to purchase the company’s repurchase shares at 27.68 yuan per share. The purchase price is equal to 50% of the company’s recent average price of repurchased shares, compared with the closing of the stock (53.68 yuan) last Friday. The price discount is as high as 51%. The total number of employees who intend to participate in this employee stock ownership plan does not exceed 12,000, including a total of 8 company directors (excluding independent directors), supervisors, and senior executives, as well as middle-level employees who have an important role in the company’s overall performance and medium and long-term development Cadres and core employees.

Among them, in this employee stock ownership plan, Dong Mingzhu intends to subscribe for a maximum of 30 million shares, and the proposed maximum amount of funds is about 830 million yuan, accounting for 27.68% of this employee stock ownership plan. Other directors or vice presidents subscribed for 600,000 shares, and employee supervisor Wang Fawen subscribed for 80,000 shares. The remaining shares are the company’s middle-level cadres and core employees. In addition, although employees can subscribe for Gree Electric’s shares at half price, this “benefit” also has additional conditions-the employee stock ownership plan has set a two-year performance appraisal period. The employee stock ownership plan assigns the corresponding rights and interests to the holders of the employee stock ownership plan in two phases according to the assessment results during the vesting evaluation period, and the attributable ratio in each phase is up to 50%. The evaluation indicators of the employee stock ownership plan are divided into company performance evaluation indicators and individual performance evaluation indicators. In the first vesting period, the net profit in 2021 will increase by no less than 10% compared to 2020, and the cash dividend per share for the year shall not be less than 2 yuan or the total cash dividend shall not be less than 50% of the net profit for the year. In the second vesting period, the net profit in 2022 will increase by no less than 20% compared to 2020, and the cash dividend per share for the year will not be less than 2 yuan or the total cash dividend will not be less than 50% of the net profit for the year. After the plan came out, some Gree Electric’s investors’ plan rebounded strongly, believing that the exercise and excitation conditions of the employee stock ownership plan were too loose: Due to the new crown epidemic in 2020, Gree Electric’s performance base for the year was very low. Performance as a benchmark to set the incentive conditions for employee stock ownership is too loose. In addition, Gree Electric’s share price has not risen significantly in more than two years. At this time, the employee shareholding plan stock price can be risk-free arbitrage at a 50% exercise. Some investors also believe that Dong Mingzhu’s personal shareholding is as high as 30 million shares, which is too high in the employee shareholding plan. In addition, the Southern Metropolis reporter noted that on December 31, 2020, Gree Electric’s share price reached its highest point of 69.79 yuan. But after 2021, its stock price has fallen all the way to early 50 yuan, and the cumulative decline has been close to 30%. Written by: Southern Metropolis reporter Kong Xueshao

Produced｜Sohu Finance

Author｜Wu Ya

On June 15, the first trading day after the Dragon Boat Festival holiday, China Evergrande (HK:03333) opened a high of 11.34 Hong Kong dollars per share, up 1.06%; since then, China Evergrande’s stock price has fallen all the way, with a minimum of 10.98 Hong Kong dollars per share. The decline amounted to 2.14%, and the total market value was about 145.4 billion yuan. As of press time, China Evergrande reported 10.94 Hong Kong dollars per share, down 2.5%.

Prior to June 11, China Evergrande purchased approximately 2.69 million shares of its own at a price of 11.14 to 11.38 Hong Kong dollars per share, valued at 30.2 million Hong Kong dollars.

Since June 7, 2021, to June 11, China Evergrande has spent approximately HK$529 million to repurchase approximately 46.1 million shares in just five days.

Among them, China Evergrande had spent HK$336 million to repurchase 29.084 million shares on June 7, at a repurchase price of HK$11.08-11.84 per share. On June 9, China Evergrande announced that it will be released on June 9, 2021. 12.2 million shares were repurchased on a daily basis but not yet cancelled. The issued shares accounted for 0.0921% of the existing issued shares before the issuance of the relevant shares. The price per share was HK$11.20-11.60, and the total amount paid was HK$139 million.

In addition, on June 10, Evergrande repurchased 2.111 million shares for a total of 23,699,600 Hong Kong dollars.

Stock price information shows that since March this year, China Evergrande’s stock price has declined overall, from a high of 15.7 Hong Kong dollars per share on March 30 to 11.22 Hong Kong dollars per share on June 11 (the closing price of the last trading day before the Dragon Boat Festival holiday). Shares, fell 28.53%, and the total market value shrank by more than 48.9 billion yuan.

Since May, China Evergrande has repeatedly been caught in turmoil. On June 7, China Evergrande issued a statement, and responded positively to various rumors about the sale of houses at discounted prices, Evergrande’s operating conditions, and capital chain.

China Evergrande stated that the company’s production and operation are all normal, and malicious rumors will be held accountable in accordance with the law.

It said that the annual “May 31 House Buying Festival” was held recently, and the staged extra-large preferential measures introduced are limited to products such as large units, bottom and top floors, shops and other products that have a single-building sales rate of more than 95%. No adjustments have been made to the selling prices, discounts and payment methods of all conventional products.

In view of the fact that a very small number of commercial bills were not redeemed in time by individual project companies, it expressed great importance and arranged for redemption. In addition, regarding the financial business carried out with Shengjing Bank, Evergrande Group stated that they are in compliance with relevant national laws and regulations.

It also emphasized that “the company’s production and operation are all normal, and there has been no case of late payment of loan interest or overdue return of principal in the past 25 years since its establishment.”

In addition, Xu Jiayin, Chairman of the Board of Directors of Evergrande Group, revealed at the Evergrande Group’s annual strategic partner exchange meeting on June 3 that by the end of this month, Evergrande’s interest-bearing liabilities are expected to drop from last year’s highest of 874.3 billion yuan to Below 600 billion yuan, at least one of the three red lines will turn green.

However, on the evening of June 9, China Chengxin International stated that it maintained the subject credit rating of Evergrande Real Estate Group Co., Ltd. as AAA, and maintained “15 Evergrande 03”, “19 Evergrande 01”, “19 Evergrande 02”, and “Hengda 02”. “20Hengda 01”, “20 Hengda 02”, “20 Hengda 03”, “20 Hengda 04”, “20 Hengda 05” and “21 Hengda 01” debt credit rating is AAA, but they will The entity of Evergrande Real Estate Group Co., Ltd. and the credit ratings of the aforementioned debts are included in the credit rating watch list.

China Chengxin International stated that it will continue to pay attention to the implementation progress and effects of Evergrande Group and Evergrande Real Estate’s debt reduction strategy, as well as the negative impact on the company’s operations and debt repayment that a very small amount of commercial bills are not paid in time. And timely assess the impact of the above matters on the company’s credit status.

Produced｜Sohu Finance

Author｜Wu Ya

On June 15, the first trading day after the Dragon Boat Festival holiday, China Evergrande (HK:03333) opened a high of 11.34 Hong Kong dollars per share, up 1.06%; since then, China Evergrande’s stock price has fallen all the way, with a minimum of 10.98 Hong Kong dollars per share. The decline amounted to 2.14%, and the total market value was about 145.4 billion yuan. As of press time, China Evergrande reported 10.94 Hong Kong dollars per share, down 2.5%.

Prior to June 11, China Evergrande purchased approximately 2.69 million shares of its own at a price of 11.14 to 11.38 Hong Kong dollars per share, valued at 30.2 million Hong Kong dollars.

Since June 7, 2021, to June 11, China Evergrande has spent approximately HK$529 million to repurchase approximately 46.1 million shares in just five days.

Among them, China Evergrande had spent HK$336 million to repurchase 29.084 million shares on June 7, at a repurchase price of HK$11.08-11.84 per share. On June 9, China Evergrande announced that it will be released on June 9, 2021. 12.2 million shares were repurchased on a daily basis but not yet cancelled. The issued shares accounted for 0.0921% of the existing issued shares before the issuance of the relevant shares. The price per share was HK$11.20-11.60, and the total amount paid was HK$139 million.

In addition, on June 10, Evergrande repurchased 2.111 million shares for a total of 23,699,600 Hong Kong dollars.

Stock price information shows that since March this year, China Evergrande’s stock price has declined overall, from a high of 15.7 Hong Kong dollars per share on March 30 to 11.22 Hong Kong dollars per share on June 11 (the closing price of the last trading day before the Dragon Boat Festival holiday). Shares, fell 28.53%, and the total market value shrank by more than 48.9 billion yuan.

Since May, China Evergrande has repeatedly been caught in turmoil. On June 7, China Evergrande issued a statement, and responded positively to various rumors about the sale of houses at discounted prices, Evergrande’s operating conditions, and capital chain.

China Evergrande stated that the company’s production and operation are all normal, and malicious rumors will be held accountable in accordance with the law.

It said that the annual “May 31 House Buying Festival” was held recently, and the staged extra-large preferential measures introduced are limited to products such as large units, bottom and top floors, shops and other products that have a single-building sales rate of more than 95%. No adjustments have been made to the selling prices, discounts and payment methods of all conventional products.

In view of the fact that a very small number of commercial bills were not redeemed in time by individual project companies, it expressed great importance and arranged for redemption. In addition, regarding the financial business carried out with Shengjing Bank, Evergrande Group stated that they are in compliance with relevant national laws and regulations.

It also emphasized that “the company’s production and operation are all normal, and there has been no case of late payment of loan interest or overdue return of principal in the past 25 years since its establishment.”

In addition, Xu Jiayin, Chairman of the Board of Directors of Evergrande Group, revealed at the Evergrande Group’s annual strategic partner exchange meeting on June 3 that by the end of this month, Evergrande’s interest-bearing liabilities are expected to drop from last year’s highest of 874.3 billion yuan to Below 600 billion yuan, at least one of the three red lines will turn green.

However, on the evening of June 9, China Chengxin International stated that it maintained the subject credit rating of Evergrande Real Estate Group Co., Ltd. as AAA, and maintained “15 Evergrande 03”, “19 Evergrande 01”, “19 Evergrande 02”, and “Hengda 02”. “20Hengda 01”, “20 Hengda 02”, “20 Hengda 03”, “20 Hengda 04”, “20 Hengda 05” and “21 Hengda 01” debt credit rating is AAA, but they will The entity of Evergrande Real Estate Group Co., Ltd. and the credit ratings of the aforementioned debts are included in the credit rating watch list.

China Chengxin International stated that it will continue to pay attention to the implementation progress and effects of Evergrande Group and Evergrande Real Estate’s debt reduction strategy, as well as the negative impact on the company’s operations and debt repayment that a very small amount of commercial bills are not paid in time. And timely assess the impact of the above matters on the company’s credit status.

The medical beauty business is growing fast, and women’s clothing is still the company’s largest business

Longzi shares three major business segments: fashion women’s clothing, medical beauty and green babies and children. Thanks to the popularity of medical beauty concepts, since 2020, the stock price of Langzi shares has risen by as much as 600% in the last 250 trading days. Langzi shares believes that this is related to the rapid growth of the company’s medical beauty business and the gradual increase in its contribution to the company’s overall profit.

The annual report of Longzi shares shows that in 2020, the company will achieve operating income of 2.876 billion yuan, a decrease of 4.35% from the same period of the previous year; net profit of 142 million yuan, an increase of 141.65% from the same period of the previous year. At a time when the revenue of women’s clothing and other businesses has declined due to the impact of the epidemic, the net profit of the medical beauty business, which is the second largest in revenue, reached 68,867,900 yuan, which contributed nearly half of the net profit of Langzi.

In its reply, Longzi shares stated that as of the end of 2020, the company has 19 medical aesthetics institutions, and the medical aesthetics business sector is also the key development direction in the near future, but it still needs long-term continuous intensive cultivation. The executives of Longzi shares also stated in investor relations activities that medical aesthetics is a long-term, heavy investment industry, and you must be patient with returns. The company will not change its long-term development strategy due to short-term market fluctuations. The development direction and strategic layout of Longzi Medical Beauty is very determined, that is, it adheres to the combination of endogenous growth and extensional expansion to implement the brand expansion plan.

At the same time, Longzi also clearly pointed out that as of the end of the first quarter of 2021, among the company’s three major business segments, women’s clothing is still the company’s largest business segment, and the company’s fundamentals have not undergone major changes.

Purpose of liquidation and reduction of holdings: It is to express the true meaning of supporting the children’s business

The fundamentals of Langzi shares have not undergone major changes. Since June, the stock price has changed its upward trend and has begun to fall, and it has even reached its limit for two consecutive trading days. The fuse that caused the stock price of Langzi to fall into a one-word limit is the company’s controlling shareholder, actual controller Shen Dongri and actual controller Shen Jinhua’s father Shen Bingyun’s clearance plan.

On June 4, Langzi disclosed the “Announcement on the Pre-Disclosure of Shareholding Reduction Plan for Shareholders” (hereinafter referred to as the “Announcement of Shareholding Reduction”), announcing that Shen Bingyun, the third largest shareholder of the company in the past eighty years, was based on his life It is planned to reduce all the shares held for the needs of arrangement and asset planning.

After the two lower limits on June 7 and June 8, the “Announcement on Receipt of Commitment Letters from the Actual Controller and Controlling Shareholders Acting in Concert” (hereinafter referred to as the “Commitment Announcement” According to China, Shen Bingyun promised that after the implementation of its share reduction plan, it will assist the strategic implementation of the medical aesthetics business of Langzi with no less than 500 million yuan through compliance channels and appropriate methods. In the view of the Shenzhen Stock Exchange, Shen Bingyun’s use of funds to reduce holdings is inconsistent.

In its reply, Longzi shares stated that Shen Bingyun confirmed that the real reason for the reduction was due to his advanced age and the needs of his own living arrangements and asset planning. The allocation of no less than 500 million yuan to support the development of the medical beauty business of Langzi shares is based on Shen Bingyun’s careful consideration and confidence in the company’s future development prospects and the development of the company’s medical beauty business, as well as supporting its children’s business. There is no conflict with the reason for the reduction in the real meaning made, and there is no inconsistency.

In the response, Shen Dongri, Shen Jinhua and Shen Bingyun all denied using the “Announcement of Commitment” to maintain the company’s stock price and cooperate with the share reduction.

In addition, in response to some non-compliance statements in the “Commitment Announcement” pointed out by the Shenzhen Stock Exchange, the supplementary announcement issued on June 15 by Longzi shares also clarified the performance method and time. Within 2 years of the expiry of the holding reduction period of this share reduction plan, Shen Bingyun will support the development of the company’s medical beauty business by providing loans and participating in the company’s establishment of a medical beauty industry fund. If after the expiration of the commitment period, Shen Bingyun provides the company with less than 500 million yuan in financial support, Shen Dongri promises to provide the company with the difference in financial support within one month according to the same performance method.

Longzi Medical’s 2020 performance commitment has been changed from “achieved” to “not touched on performance compensation”

In addition to supplementing some of the contents of the “Commitment Announcement”, Longzi shares also issued a correction announcement on the company’s “Expressions on the Performance Commitment of the 2020 Annual Report”.

In August 2019, Longzi shares issued shares to Shen Dongri and 4 other counterparties to purchase the remaining 41.19% of the shares of Longzi Medical and raised funds. Shen Dongri promised that the audited non-net profit of Langzi Medical from 2019 to 2021 shall not be less than 55.7 million yuan, 68.1 million yuan and 70.4 million yuan respectively. If the accumulated net profit achieved by Longzi Medical as of the current year does not reach the cumulative committed net profit as of the current year, the compensation obligation of Shen Dongri will be triggered in the current year.

In the 2020 annual report, the audited non-net profit of Longzi Medical in 2020 is 67,019,300 yuan, and the cumulative net profit from 2019 to 2020 is 133 million yuan, and the cumulative committed net profit is 124 million yuan. Longzi shares call it “Performance commitment has been fulfilled.” In its reply, Longzi changed the above expression to “the cumulative realized net profit is greater than the cumulative committed net profit, and performance compensation has not been touched”.

In addition, in view of the mismatch between the net profit and the net cash flow generated by operating activities in the first to fourth quarters of 2020, the company replied that the main reason was the impact of the epidemic, as well as the company’s women’s clothing business and medical beauty business. It is caused by the time difference between cash flow and operations, which is consistent with the company’s actual operating conditions. In addition, the fourth quarter net profit of Longzi shares was significantly higher than that of the previous three quarters, which was also related to the sales income generated by the sale of 7.14% of L&P’s equity in 2020.

As of the close of June 15th, Langzi shares closed at 45.52 yuan per share, a decrease of 1.11%, and the market value was about 20.1 billion yuan.

Beijing News reporter Wang Zhenzhen

Editor Zheng Yijia proofreads Yang Xuli

Nandu Shenzhen Newsphone:0755-82121212

Southern Metropolis Reporter Huang Liangdong On the evening of June 15, Dongpeng Beverage issued an announcement stating that as of June 15, the company’s closing price was 209.1 yuan.At present, the company’s stock price has seriously deviated from the company’s fundamentals.SignificantHigher than the industry average, there is a risk of higher valuation. Since its listing on May 27, Dongpeng Beverage has harvested 13 consecutive daily limit. Prior to this, the company has issued two risk warning announcements on the abnormal fluctuations of the stock price’s consecutive daily limit.

Dongpeng Beverage said that from 2018 to 2020, the income of energy drinks accounted for more than 90% of the company’s total income. The product structure is relatively single, and the operating performance is highly dependent on the sales of energy drinks. Can it continue to respond to market changes in a timely manner in the future? There are certain uncertainties and risks. In addition, the company also has the risk of a relatively concentrated sales area, the risk of intensified market competition, and the risk that the promotion of new products falls short of expectations.In view of the recent fluctuations in the company’s stock price, investors are invitednoterisk.

Dongpeng Beverage is at risk of overestimation

P/E ratio is much higher than the industry average

As of June 15, 2021, the company’s closing price was 209.10 yuan, and the P/E ratio was 103.00 times, which was significantly higher than the industry average P/E ratio. In accordance with the relevant provisions of the “Shanghai Stock Exchange Trading Rules”, the company has disclosed the “Announcement on Abnormal Fluctuations in Stock Trading and Risk Warnings of Dongpeng Beverage (Group) Co., Ltd.” on June 12, 2021, after excluding the overall factors of the market , The company’s stock price has fluctuated greatly recently, and the turnover rate on June 15 was 15.34%.

Dongpeng Beverage said that at present, the company’s stock price has seriously deviated from the company’s fundamentals and is also significantly higher than the industry average. There is a risk of higher valuation.

Dongpeng Beverage faces a relatively single product structure

And the concentration of sales area and other risks

Energy drinks are the company’s leading product. From 2018 to 2020, the revenue of energy drinks accounted for 94.99%, 95.11% and 93.88% of the company’s total revenue, which accounted for a relatively high proportion. The relatively single product structure makes the company’s business performance more important than energy drinks. With a high degree of reliance on sales, there are certain uncertainties and risks in whether the future can continue to respond to market changes in a timely manner.

From 2018 to 2020, Dongpeng Beverage’s Guangdong regional sales revenue accounted for 61.10%, 60.12% and 55.74% of the company’s main business revenue, respectively. The company’s operating results depend to a certain extent onThe districtMarket conditions in the domain, ifThe districtChanges in consumer consumption habits in the domain will have a certain impact on the company’s future profitability.

Increased market competition in the energy drink industry

The company faces the risk of new product promotion less than expected

After years of development, my country’s energy drink industry has a relatively high degree of marketization, and well-known brands such as Red Bull, Dongpeng Special Drink, Lehu, Physique Energy, and Warhorse have been formed.With the rapid development of the industry, in recent years, some well-known companies have launched new energy drink products, such as Goo Ran under Uni-President, XS under Amway, and Yili underWake upThe competition is fierce. In the future, whether the company can continue to maintain its competitive advantage in the market and whether it can continue to respond to market changes in a timely manner remains uncertain and risky.

In recent years, the company has launched new products such as citrus lemon tea and Chen Pit drink, which has further enriched the product line. Although the new products launched by the company will undergo strict internal analysis and demonstration, preliminary market research and regional pilot projects, there may still be a risk that the new products are not fully recognized by the market.

At the same time, since new products usually require a certain amount of incubation time, more resources need to be invested in advertising, marketing and consumer promotion in the early promotion process. Therefore, some products may have lower profit margins during the incubation period. If the promotion of new products is effective Less than expected, it may have a certain impact on the company’s future operating results.

Billionaire Elon Musk – Photo: Bloomberg Recently, Elon Musk’s tweet about the popular children’s song on YouTube “Baby Shark” helped the stock price of a related company increase sharply, according to Bloomberg. Specifically, on the morning of June 2 (Asia time), Musk tweeted: “Baby Shark crushes them all! Views are more than the population of the earth.” Immediately, the share price of Samsung Publishing Co., a shareholder of the “Baby Shark” manufacturer, increased by 10% to the highest level since May 7. Since 2018, when the song became popular, the stock price has quadrupled. The song “Baby Shark” (Doo Doo Doo Doo Doo Doo) started to hit the headlines in 2018, charting on the Billboard Hot 100 for weeks and now has nearly 8.7 billion views on YouTube. Even last month, a virtual currency named Baby Shark. The influence that turned the financial markets around from Elon Musk’s tweets made many investors concerned and called for authorities to step in. Many losers angrily urged him to stop using Twitter. Earlier this year, the move to change the personal description on Twitter to #bitcoin led many investors to speculate that the world’s richest billionaire bought into Bitcoin, pushing the price of this virtual currency up 20% to $ 38,566 – a record level. record that time. Less than 24 hours later, Elon Musk sent the stock price of CD Projekt, the company behind Cyberpunk 2077, up more than 12% after announcing on Twitter that Tesla’s new Model S Plaid electric car version would allow the guests play this game in the car. Not long after, the Tesla boss sparked a wild rally in GameStop stock after tweeting: “Gamestonk!!” with a link to WallStreetBets – a subpage of the Reddit information aggregator website. “Gamestonk” is a combination of GameStop and “stonks” – a slang word for stocks. “He knows he has great influence and has shown he enjoys playing with it, even if it hurts his followers,” said Heidi Chakos of Portugal, a Bitcoin investor. since 2014, told the Wall Street Journal. Meanwhile, Freetrade analyst Dan Lane said: “It’s ironic that Elon Musk has the ability to shake the market. Maybe it’s time to discuss the legality of this.” While waiting for the authorities to step in (if any), many investors still look to Musk’s tweets for investment direction, even considering him as a “hero”. Although later, when they lost, they turned to criticize him. However, it should be clear that, while the Tesla boss makes a point on everything from cryptocurrency Dogecoin to GameStop stock, he is actually an entrepreneur, not a portfolio manager. fourth. Musk isn’t the only one influencing the market through social media. Over the past year or so, many celebrities, from hedge fund managers to CEOs and entertainment stars, have taken advantage of platforms like Twitter, Reddit, Clubhouse, and more to express their views on everything from cryptocurrencies to stocks.

A poem by a poet of the Tang Dynasty, about the phenomenon of burning books in the Qin Dynasty. “What CEO Wang posted is an anti-government poem. It shows that he is under a lot of pressure because of the investigations,” said Hao Hong, an analyst at Bocom International in Hong Kong. CEO Wang deleted the post on May 9 and denied the above rumor. He claimed to only use the verse to refer to the company’s competitors. A spokesperson for Meituan made a similar comment. Mr. Wang Xing, CEO of Meituan. Photo: China Daily. In October 2020, billionaire Jack Ma publicly criticized the Chinese banking system. As a result, Jack Ma’s startup Ant Group was forced to stop its $35 billion listing, Alibaba was investigated and fined $2.8 billion for violating antitrust laws. “Many people think that the poem posted by Wang Xing is a criticism similar to what Jack Ma said. This is not the time for Chinese businessmen to raise their voices.” Bloomberg quoted Kerry Goh, Investment Director of Kamet Capital Partners as saying. In recent years, the Chinese government has tightened supervision of technology companies. The Hang Seng Technology Index is down a record 30% from its peak in February. Meituan is also the subject of investigation by Chinese authorities for monopolistic behavior. Meituan is accused of forcing merchants to sign exclusive business contracts on its platform. On May 10, the Shanghai Consumer Council criticized Meituan for infringing on the rights of consumers.

Mr. Wang holds an 11% stake in China’s largest food delivery group. Meituan’s share price has fallen since last month when the State Administration of Market Regulations of China (SAMR) announced it was opening an investigation into Meituan for anticompetitive practices. Meituan stock price received a new shock on May 10 when CEO Wang posted on social media a poem Tang about the phenomenon of book burning in the Qin Dynasty. Many people think this is Mr. Wang’s way of criticizing the Chinese government for its campaign to tighten control of Internet corporations. Meituan’s stock price plummeted because CEO Wang Xing posted the ancient poem online. Photo: Xinhua. Billionaire Wang deleted the post shortly after, explaining that he used the poem to criticize Meituan’s competitors. However, it was all too late. The hashtag #MeituanSharePriceSlump (Meituan stock price plummeted) attracted 32 million followers on the social networking platform Weibo. At the same time, the Shanghai Consumer Council also heavily criticized Meituan for inappropriate business practices. Recently, the Chinese technology industry has been struggling because of the repressive measures of the Beijing government. The Hang Seng Technology Index is down about 30% from February. “The Chinese tech industry is going through a lot of ups and downs. Technology regulations are constantly being applied, leading to regulatory risks, making it difficult to forecast industry growth,” said Jackson Wong, head of asset management at Amber Hill Capital.

Huang Zheng, founder of Pinduoduo (left) and Wang Xing, founder of Meituan – Photo: Bloomberg/Getty Images. Huang Zheng, founder and CEO of e-commerce firm Pinduoduo, and Wang Xing, founder and CEO of food delivery platform Meituan, have seen their fortunes plummet after being criticized by an activist group for consumers. According to Forbes, the share price of this Pinduoduo 11/5 fell more than 9%, “blowing” $ 4.3 billion from Huang Zheng’s assets. The founder of Pinduoduo is currently worth $42.9 billion according to Forbes’ real-time statistics, making him the 4th richest person in China. Meanwhile, Wang Xing’s fortune fell by $2.5 billion as investors continued to sell off Meituan shares in the May 11 session. The share price fell another 5.3% after falling 7.1% in the previous session. Wang is currently worth $19.5 billion. A day earlier, the Shanghai Consumer Council said it had convened both Pinduoduo and Meituan. The organization criticized Pinduoduo for its poor quality goods, rampant counterfeiting on the company’s e-commerce platform, and poor after-sales service. The organization also condemned Meituan for issues with refunds, failed food deliveries and misleading content on the company’s platform. The statement of the Shanghai Consumer Council comes as the Chinese government is tightening control of the country’s largest technology firms. Last week, Wang was also criticized after posting a poem of a Tang poem allegedly intended to criticize the Chinese government on the social network Fanfou. The poem titled The Book of the Dead (Book Burning Pit) by poet Zhang Jie, written at the end of the Tang Dynasty, condemns Qin Shi Huang’s act of burning books to control people’s thoughts and suppress the mind. awake. The poem is meant to mock Qin Shi Huang for seeing academia as the greatest threat, but his reign was eventually overthrown by non-intellectuals. A few days later, Wang deleted the post, explaining that the poem was just a reminder that “the most dangerous enemies are often the ones we least expect”. The 42-year-old CEO also added that Meituan’s biggest rival appears to be Ele.me but is in fact “unnoticed companies and business models that are disrupting the food delivery industry”. Late last month, Beijing’s anti-trust authority officially launched an investigation into Meituan’s alleged request for sellers to be allowed only the Meituan platform or another competitor. Since then, the company’s stock price has fallen by nearly 18 percent. On Weibo, many Chinese netizens compared Wang’s posting of the poem to Jack Ma’s speech criticizing the financial management system in October 2020. The co-founder of Alibaba at the time even said bluntly that Chinese banks operate like “pawn shops”. Jack Ma’s speech is said to spark a series of strong moves by Chinese authorities against Alibaba as well as its subsidiary Ant Group. Ant’s “big” IPO was suspended a few days later. And Alibaba was fined a record $2.8 billion for monopolies last month.

Zoom application icon. (Photo: AFP / VNA) The wave of selling technology shares continues to hit companies with cloud services most, as investors withdraw their capital from these companies. share the strongest increase in the last year. While index Dow Jones is close to record levels, the index of companies providing cloud services is at its lowest level in six months. Stock price of WisdomTree Cloud Computing Fund, a fund that tracks the index of cloud services companies, includes 56 shares, down 2.4%, the seventh day of decrease in the past eight days (as of 10 / 5). Technology stocks began to sell out in February and sold out faster in the past few weeks. The main cause of the market’s diversion is concern about the possibility of an interest rate rise as this will normally negatively impact high-growth firms, combined with the attractiveness of stocks that are often beneficial. so when inflation is as high as finance, goods and industry. Compared to a year ago, the index of cloud services companies fell 15%, while the Dow Jones Index rose 14% and the Nasdaq Composite Index rose 4%. In the last year, a sharp increase in the cloud service provider’s index thanks to an unexpectedly fast transition to remote work, forcing businesses to use products that enable employees to coordinate. remote and access to data stored in data centers. From Zoom for video chat and Twilio to text exchanges to CrowdStrike and Zscaler’s security tools, large businesses have had to buy new technologies for widespread use. Global X analyst Pedro Palandrani, who manages venture funds, says 2020 is a phenomenal year for companies providing cloud services by working remotely. He said it would be a mistake to reopen the economy to stop everyone from using computing solutions. cloud Twilio said last week that the first quarter of 2021 revenue increased 62%, exceeding the forecast of analysts. ServiceNow also outperformed the forecast with a 30% increase in revenue. Zoom had three consecutive quarters of growth of over 300% and an estimated increase of over 175% in the first quarter.

Photo is for illustration only. (Source: CNBC) Closing the last session of the week, the main indicators are above Wall Street stock market All went up thanks to positive data on economic activity and new home sales in the US, however, the rise of the 23/4 session did not compensate for the decline for the whole week of volatile trading. . In the first session of April 19, the US stock market went down due to profit-taking activities after the Dow Jones and S&P 500 index ended last week at record highs. The decline continued into the next session (April 20) when stock prices fell amid concerns about pricing and the spread of the COVID-19 pandemic that had a strong impact on markets and investor sentiment. private. Coming to session 21/4, the indices regained momentum after two previous declining sessions, with most sectors having an active session, when experts commented that market movements declined in The previous session is the signal for investors to buy. However, at the end of April 22, the indexes all declined significantly, although the number of applications for unemployment benefits for the first time in this country was lower than expected. Markets flooded in red after Bloomberg News and several other firms reported that President Joe Biden intends to propose an increase in capital-gains tax from 20% to 39.6% for individuals with income of more than 1 million USD / year. In the last session of the week 23/4, investor sentiment recovered thanks to a series of positive profit reports from large enterprises and data showing the “healthy” state of the US economy. Closing the session on April 23, the Dow Jones industrial index rose 0.7% to 34,043.49, the S&P 500 composite index advanced 1.1% to 4,180.17, and the Nasdaq Technology Index rose 1. , 4% and closed at 14,016.81 points. However, for the whole week, the Dow Jones decreased by 0.5%, the S&P 500 and Nasdaq decreased by 0.1% and 0.3 compared to the previous week. Regarding the proposed tax increase for the richest class of the US, experts say the plan is in line with Mr. Biden’s campaign commitments, but the rate of tax increase is likely to be narrowed in negotiations in the National Assembly of this country. Chris Weston, head of research at Pepperstone, commented that the 39.6% figure is not surprising, but actual developments show that the current financial market is more “sensitive” to bad news and this is the period. volatile paragraphs. American market strategist David Joy of Ameriprise Financial, also noticed stock prices are recovering after the market reacted unexpectedly to news that the White House would propose a tax increase while President Biden mentioned to this issue while campaigning. Besides, senior market analyst for America at OANDA, Mr. Edward Moya pointed out that factors contributing to the stock market’s rally are positive data about the US economy. According to a report by the US Department of Commerce, new home sales in March (seasonally adjusted to increase) reached 1,021 million units – up 20.7% from the previous month. The IHS Markit Purchasing Managers’ Index (PMI) in the manufacturing sector rose from 59.1 in March to a record 60.5 in April. Meanwhile, the PMI of the service sector also increased from 60.4 points to 63.1. The 50-point threshold defines whether an economy is growing or declining. The IHS Markit PMI is considered a prestigious indicator of “economic health.” In general, the profit of the companies that reported early were all higher than expected. According to IBES Refinitiv, the first quarter profit of enterprises is expected to increase by 33.9% over the same period last year. Ron Temple, head of the US equities division at Lazard Asset Management, said the US economy is expected to see its strongest growth in 50 years, with growth of more than 6% both this year and next year. Federal Reserve (Fed) will allow the economy to accelerate faster than before, further boosting prospects for high growth./.