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外卖战火未熄,美团悄悄投了47次硬科技
3 6 Ke· 2025-05-20 09:27
最近的外卖大战可以说是热闹非凡。十年前的"双雄"格局演变成了更激烈的"三国杀"。一季度,京东包括外卖业务在内的新业务收入达到58亿元,给5月 26日即将发布一季报的美团不小压力。 面对京东奇袭,阿里搅局,风暴中心的美团一边忙着守擂,另一边却频繁落子硬科技。 今年2月,京东高调宣布进军外卖市场。一个月后,美团掌门人王兴首次向外界透露了AI"作战"策略——AI at work(AI在工作中的应用)、AI in products (AI在产品中的应用)以及构建美团内部大语言模型。 此时,美团的科技"暗线"已然变成了"明牌"。 其实,早在2020年美团就已经入场投资硬科技,彼时,美团战略也从"Food+Platform"转向"零售+科技"。之后更是火力全开,每年投资的硬科技项目占比 几乎都过半。 转向硬科技的这五年,美团都投了哪些项目?作为硬科技的隐秘投手,美团都有哪些"神来之笔"? 从零售到科技 从2013年开始,美团围绕主业,聚焦本地生活,投资了猫眼娱乐、摩拜单车、K米、Manner咖啡、认养一头牛等项目,覆盖生活服务、文娱、餐饮企业服 务、旅游等行业。甚至早在2018年,美团还参与了饿了么D轮和E轮投资。 整体 ...
欧美同学会金融委员会“中瑞金融机构科技金融交流会”在沪举行
Zhong Guo Jing Ji Wang· 2025-05-20 08:06
Group 1 - The event titled "China-Switzerland Financial Institutions Technology Finance High-Level Exchange Conference" was held in Shanghai, focusing on deepening financial cooperation between China and Switzerland to support the construction of Shanghai as an international financial center [1][10] - The conference featured over 20 high-level executives from both countries, including representatives from financial institutions and universities, highlighting the importance of collaboration in the financial sector [2][3] Group 2 - Discussions centered on financial openness, technology investment, and green transformation, with emphasis on China's growing market potential and the opportunities for foreign investment in green bonds and ESG [6][10] - Swiss representatives expressed interest in China's innovations in open-source models and digital payments, discussing the application of digital currency in international payments and the importance of ESG governance in technology industries [7][10] Group 3 - The conference concluded with a call for the establishment of platforms to enhance understanding of Chinese listed companies among Swiss investors, aiming to improve the connectivity of stock markets between China and Switzerland [8][10] - The event aimed to foster regional economic development and promote bilateral financial cooperation, with a focus on creating a high-quality business environment for foreign investment in China [10]
从中微观角度看科创债
Huafu Securities· 2025-05-19 14:07
1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The state and local governments are actively promoting the construction of "science and technology innovation high - grounds" and accelerating the issuance of science and technology innovation bonds (Sci - tech bonds). It is expected that Sci - tech bonds will bring significant benefits to the cultivation of science and technology enterprises and the layout of emerging industries in various regions [10][34]. - In the bond market, different investment strategies are proposed for different types of bonds such as Sci - tech bonds, industrial bonds, and financial bonds, based on policy trends, market liquidity, and economic fundamentals [2][43][62]. 3. Summary by Related Catalogs 3.1 From a Micro - and Meso - perspective on Sci - tech Bonds 3.1.1 Local Governments Actively Build "Sci - tech High - grounds" and Accelerate the Issuance of Sci - tech Bonds - National ministries and local governments are promoting the layout and investment in the science and technology innovation industry, aiming to integrate science and technology innovation with industrial innovation. Multiple departments are jointly launching the "technology version" of the bond market to support the issuance of Sci - tech bonds [10]. - Since the beginning of this year, the issuance of Sci - tech bonds has advanced rapidly, with large - scale investors participating. The issued Sci - tech bonds have features such as low coupon rates and high subscription multiples [33]. 3.1.2 Investment Recommendations - Three types of Sci - tech bond issuers are recommended:城投 and产投 platforms in regions with strong economic and innovation potential; provincial, municipal, and some district - level equity - investment state - owned enterprises; local industrial state - owned enterprises and private enterprises with strong industrial operation capabilities and involvement in science and technology innovation fields [35]. - In general investment, focus on economic provinces with good development momentum and debt control, regions with favorable debt - resolution policies, and prefecture - level cities with strong industrial bases and financial support, and adjust the bond duration according to different regions [44]. 3.2 Weekly Views on Industrial Bonds and Financial Bonds 3.2.1 Industrial Bonds - Pay attention to 2 - 3 - year industrial bonds with good liquidity, such as those in the public utilities, transportation, state - owned real estate, and cultural tourism industries. Also, focus on relevant issuers of Sci - tech bonds in high - quality enterprises [62]. - In the coal industry, Inner Mongolia has 13 coal production capacity reserve projects approved, with a total reserve capacity of 23.6 million tons per year [62]. - Policies are being implemented to speed up the repayment of accounts receivable for enterprises in construction, real estate, and urban investment, especially those with more cooperation with central enterprises [65]. 3.2.2 Financial Bonds - This week, the yields of some financial bond varieties declined, and credit spreads narrowed passively. Brokerage bonds performed better, with larger credit spread narrowing [67]. - For Tier 2 and perpetual bonds (Two - tier and Perpetual Bonds, or "Two - Yong Bonds"), if the liquidity does not further loosen in the short term, the compression space of credit spreads is limited. It is recommended to manage liquidity well. 3 - 5 - year high - grade Two - Yong Bonds are suitable defensive varieties. Institutions with stable liability ends and high return requirements can appropriately pay attention to long - term high - grade Two - Yong Bonds [4][67]. 3.3 Primary Market Tracking - Relevant charts show the issuance, net financing, subscription, issuance cost, review and approval, and registration of credit bonds, financial bonds, urban investment bonds, and industrial bonds in the primary market [74][77][83]. 3.4 Secondary Market Observation 3.4.1 "Volume" of Secondary Transactions - Charts display the trading volume, number of transactions, trading volume by province, and trading volume by implicit rating of credit bonds, urban investment bonds, and industrial bonds in the secondary market [88][90][92]. 3.4.2 "Price" of Secondary Transactions - Charts show the weighted trading duration of urban investment bonds and the yield of various types of bonds in the secondary market [99].
张江高科:参与投资元禾璞华集成电路产业基金
news flash· 2025-05-19 08:53
张江高科(600895)公告,全资子公司上海张江浩成创业投资有限公司参与投资元禾璞华集成电路产业 基金(有限合伙),该基金募集资金目标规模约为人民币20亿元,上海张江浩成创业投资有限公司作为有 限合伙人认缴出资额为人民币1亿元。基金首关规模7.75亿元,投资期4年+管理退出期4年+延长期2年。 ...
蓝谷管理局旗下4家企业商票逾期,海科上年有息债务逾期1.538亿元
Sou Hu Cai Jing· 2025-05-18 13:11
青岛热搜网获悉,2024年11月1日至2025年4月30日,发生3次以上票据逾期,且月末有逾期余额或当月有票据逾期行为发生的承兑人数量为919家,其中涉青 企业超33家,根据《商业汇票信息披露操作细则》,票交所将暂停为其提供商业汇票承兑服务。详细名单您可登录青岛热搜网查看原文获取。 青岛热搜君注意到青岛蓝谷高创控股有限公司、青岛海洋科技投资发展集团有限公司、青岛东安投资发展有限公司、青岛海科物业管理有限公司四家企业在 逾期名单之列,企查查显示以上四家企业均为国有企业,实控人均为青岛蓝谷管理局。 青岛海科物业管理有限公司曾在5月6日发布公告,其2024年11月1日至2025年4月30日,承兑的14张商业汇票发生逾期,共计1400万元,于5月6日结清。青岛 海科物业管理有限公司今年1月1日至4月30日累计承兑的电子商业汇票总金额为2300万元,目前承兑余额为0。但是青岛蓝谷高创控股有限公司、青岛海洋科 技投资发展集团有限公司、青岛东安投资发展有限公司,三家企业截至热搜君发稿并未发布结清公告。 热搜君查询发现,青岛海洋科技投资发展集团有限公司(以下简称:青岛海科)为发债企业,企查查显示其截至目前处存续期的债券规模为 ...
九州通: 中信证券关于九州通医药集团股份有限公司全资孙公司与专业投资机构共同投资设立产业基金暨关联交易的核查意见
Zheng Quan Zhi Xing· 2025-05-16 13:19
Overview - The article discusses the establishment of an industrial fund by a wholly-owned subsidiary of Jiuzhoutong Pharmaceutical Group in collaboration with professional investment institutions, which constitutes a related party transaction [1][2]. Fund Establishment and Related Transactions - The industrial fund, named Beijing Zhihui Jiuzhou Venture Capital Partnership, has a total subscribed capital of 25 million RMB, with Jiuzhoutong Incubator contributing 22.99 million RMB, representing 91.96% of the total [1][3]. - The investment aims to enhance the company's strategic layout in the pharmaceutical and technology sectors, focusing on areas such as pharmaceuticals, medical devices, and anti-aging [1][8]. Related Party Transaction Details - The investment constitutes a related party transaction as Chuchang Private Fund is a subsidiary of the company's controlling shareholder, Chuchang Investment Group, but does not qualify as a major asset restructuring [2]. - In the past 12 months, the company has engaged in related party transactions with Chuchang Private Fund totaling 336.54 million RMB [2]. Investment Partners - The general partner of the fund is Beijing Chuchang Private Fund Management Co., Ltd., while other limited partners include Jiuzhoutong Incubator and Ms. Xie Jiafang [3][4]. Fund Operations and Management - The fund will primarily focus on early-stage incubation projects in the pharmaceutical and technology sectors, with a planned investment period of 5 years and an optional extension of 2 years [4][5]. Financial Impact - The investment will be funded by the company's own resources and is not expected to adversely affect the company's operational activities or financial performance [8]. - The establishment of the fund is anticipated to enhance the company's core competitiveness in products, technology, and services by leveraging the advantages of the incubator and the capital provided by the fund [8]. Regulatory Compliance - The sponsor, CITIC Securities, has confirmed that the transaction complies with relevant regulations and does not require board or shareholder approval [8].
宁波银行北京分行助力北京首单股权投资机构科技创新债券发行落地
Xin Jing Bao· 2025-05-16 03:48
Group 1 - The core viewpoint of the articles highlights the successful issuance of the first batch of technology innovation bonds in China, specifically the "Beijing E-Town International Investment Development Co., Ltd. 2025 Annual First Phase Technology Innovation Bond" with an issuance amount of 500 million yuan and a term of 5 years [1][2] - The bond issuance was part of a national strategy to support financing needs in the technology innovation sector, responding to a recent announcement by the People's Bank of China and the China Securities Regulatory Commission [1] - The bond's interest rate was set at 1.94%, marking the lowest rate for bonds of the same term issued by E-Town International Investment Development Co., Ltd., effectively reducing financing costs [2] Group 2 - The issuance of technology innovation bonds is seen as a practical implementation of commercial banks empowering technology innovation, aligning with national policy initiatives [2] - Ningbo Bank's Beijing branch plans to continue focusing on technology finance, utilizing innovative financial tools like technology innovation bonds to enhance financial support for technology-oriented enterprises [2]
华美RWA企业赋能平台2025品牌升级暨战略签约发布会圆满成功,共启数实商业新篇
Sou Hu Wang· 2025-05-16 02:55
华美生态,链接数实商业未来,2025年品牌全面升级 相遇"世界风筝之都",用数字之线串联全球数字+实体的商业未来!华美RWA企业赋能平台2025品牌升 级暨战略签约发布会于2015年5月13日圆满落幕,共启商业新篇。 潍坊经济发展促进会会长李保义、德福基金董事长(金融学博士)尤明才、美国国际投资总会(哈里森家族 基金会)苏菲·哈里森女士、山东瑞扬文化传播有限公司董事长张光文先生以及众多企业家代表莅临现场 发表精彩致辞及主题演讲。香港华美实业集团现场就消费确权RWA赛道进行了深度宣讲并揭幕华美生 态2025年品牌新升级,华美实业(香港)控股集团有限公司携手中国蓝宝石现货商及运营商——山东瑞扬 文化传播有限公司于发布会现场完成合作签约。 (潍坊经济发展促进会会长李保义 致辞) 香港华美实业公司由多家海外投资机构联合发起的全球化产融投资平台,致力于通过" 实业投资+资本 运作+数字赋能 "三维驱动模式 ,构建跨区域、跨周期的产业价值生态网络,专注为全球新兴数字产业 升级与实体经济转型提供资本、技术及运营等综合解决方案。2025年,全面推动" 数实融合、赋能百 业、万商上链、亿人持证 "的华美RWA战略发展计划! 香 ...
特朗普关税“过山车”中散户逆势抄底大赚,机构踏空错失反弹
Zhi Tong Cai Jing· 2025-05-16 02:44
2025年4月2日,美国前总统特朗普突然宣布加征关税,引发金融市场剧烈震荡。短短两个交易日内,美股总市值蒸发约6万亿美元,标普500指数一度逼近熊 市边缘。面对这场由贸易政策突变掀起的抛售潮,华尔街对冲基金等专业机构仓皇撤离,而以散户为代表的"傻钱"却逆势入场,最终在这场政策博弈中大获 全胜。 特朗普的关税政策呈现戏剧性转折:4月2日宣布加税后,仅隔一周便在4月9日宣布暂停大部分征税计划。这一反复直接反映在股市走势中——标普500指数 在政策暂停后飙升18%,纳斯达克100指数更从技术性熊市强势反转。数据显示,自4月8日(关税暂停前一日)至5月中旬,散户投资者净买入500亿美元美股, 期间累计收益率达15%,跑赢多数专业机构。 对于酒店顾问兼私人厨师科林·森托来说,买入的信号是当电视网络和华尔街投资者齐声警告市场即将崩盘时。随后,亿万富翁对冲基金经理比尔·阿克曼开 始批评特朗普的关税政策,他确信这是买入更多股票的时机。 森托表示,他对股市坚不可摧的信心源于他经历了新冠疫情。当时,标普500指数在2020年3月23日触底,但随后一年反弹约75%,创下了该指数有史以来表 现最好的12个月之一。尽管特朗普在贸易问题 ...
AI日报丨减仓英伟达,爆买阿里巴巴!全球最大对冲基金桥水基金公布一季度调仓新动向
美股研究社· 2025-05-15 11:02
整理 | 美股研究社 在这个快速变化的时代,人工智能技术正以前所未有的速度发展,带来了广泛的机会 。《AI日 报 》致力于挖掘和分析最新的AI概念股公司和市场趋势,为您提供深度的行业 洞察和价 值 分 析。 A I 快 报 3. CoreWeave股价盘后下跌,因加速AI投资计划导致利润下滑。 CoreWeave美股盘后冲高回落,一度下挫11%,目前跌6.6%。CoreWeave Inc.的季度利润预测 不及预期,因为该公司表示,将提前支出部分资金以满足客户需求。该公司在首次财报电话会议 上表示,第二季度营业利润(不包括部分项目)将达到1.4亿至1.7亿美元,低于分析师预期的 1.92亿美元。这家云计算提供商自3月份首次公开募股 (IPO) 以来,股价已飙升 69%。该公司表 示,今年初对人工智能的投资并未出现任何减弱的迹象。 4.北京时间周四,知名投资机构桥水基金向SEC递交截至今年3月31日的一季度持仓报告(13F 表)。 一季度共加仓283个标的、新进123个标的,减仓252个标的、清仓150个标的。桥水前十大持仓 标的占总市值的31.8%。 在前十大仓位的调整上,桥水基金却展现出了大胆而精准的操作,其 ...