财新传媒
阳歌

INTERNET: Tencent – China’s New Opiate of the Masses?

阳歌 08月08日

财新传媒英文部编辑

Bottom line: Tencent could be forced to take more measures to control addictive play of its popular "Honour of Kings" game, which could take a short-term toll on its gaming business.
Military critical of Tencent hit game
Internet juggernaut Tencent (HKEx: 700) has been in nonstop headlines lately for its smash hit game called "Honour of Kings", along with its stock price that keeps reaching new highs. The company must certainly be feeling a bit uneasy from all the publicity, especially since Tencent tends to be quite low-key in line with the style of fo......
Hotashang

《战狼2》拍给狼性男人的戏

Hotashang 07月31日

互联网评论人李云辉

非洲某个国家在分裂前欣欣向荣的景象:繁忙的港口,随处的商贩,热闹的party,休闲的海滩。激烈的足球对抗,欢快的舞蹈节奏,诱人的饭菜香味……
突如其来的枪林弹雨倾泄让平静祥和生活画面支离破碎。快乐生活如同美丽的肥皂泡,“扑”的一声消失得无影无踪。
转瞬间,满眼是叛军的无情杀戮,四处逃散的难民,呼啸而来的子弹,横七竖作的残肢以及心中死亡的恐惧。
形成鲜明对比的是影片最后一幕,冷锋将红旗套住右臂,挥舞着五星红旗,在交战双方临时熄火并注视下,昂首挺胸随汽车缓缓驶过交战区。
一个国家处于战火连天状态下,平静祥和的生活成为一种奢求。一个独立自主繁荣昌盛处于伟大复兴过程强大......
阳歌
Bottom line:  The formation of a joint venture between six leading cable operators looks designed to jump start Beijing's stalled attempt to create a national player that can compete with the big telcos.
Five regions in cable TV joint venture
After years of snail's-pace progress at consolidating the nation's fragmented cable TV operators, a group of leading players is finally taking matters into their own hands with announcement of what could be a breakthrough joint venture. I've followed this story for a while now, and, along with everyone else, have been impat......
阳歌

CONSUMER: Hon Hai, Hisense in Battle for Sharp Brand

阳歌 06月14日

财新传媒英文部编辑

Bottom line: A spat between Hisense and Sharp over the former's use of the latter's brand name spotlights the dangers of relying on such licensing agreements for Chinese companies going abroad.
Sharp sues Hisense over brand agreement
An entertaining battle is rippling through the headlines as we head into mid-week, pitting Taiwanese contract manufacturing titan Hon Hai (Taipei: 2317) against Chinese TV maker Hisense (Shanghai: 600060) in a battle for the Sharp (Tokyo: 6753) brand name. This is essentially the story of two giants with very l......
阳歌

VIDEO: Toutiao and YY Subsidize, Weibo Rules

阳歌 05月17日

财新传媒英文部编辑

Bottom line: Stellar earnings by Weibo and new funding for services from Toutiao and YY reflect the rapid rise in live broadcasting and short videos, in the latest boom for China's internet that will end with a bust in around 2 years.
Live streaming sucks up big funds
A trio of stories in the headlines are nicely spotlighting the oh-so-typical Chinese pattern of industries that suddenly become hot, leading people to pump huge amounts of cash into them in a fight for market share. Internet watchers will probably guess that I'm talking about the recent crazes in live broa......
陈一帅

弘仁:梦想与枯寂

陈一帅 05月13日

通信与信息系统博士,曾就职于朗讯贝尔实验室,现居北京,Kassy的爸爸。:)

“坐破苔衣第几重,梦中三十六芙蓉”,在故宫博物院举办的清四僧画展上看到弘仁的这句话,就站住了。
我站着,一遍遍念这句诗,脑子里像放电影一样,一会出现光荣与梦想的场景,一会又出现青灯枯寂的画面,陷入一种奇特状态。
弘仁一介书生,却进山与清军干仗,显然懂得“光荣与梦想”。兵败后遁入空门,与山水为伴,笔意枯寂。这句诗提示:在他心里,一些东西,并没有忘记。
我当时的感觉,就象看到了一扇门:弘仁在350年前把它留下,就等着我来打开。350年后,我来了,我推门进去,看到一个真诚、奇妙、深邃的内心世界,那么迷人。
弘仁的黄山,石涛说是“一木一石,皆黄山本色”,“得......
阳歌

VIDEO: Youku-Tencent Scuffle Spotlights Video Tensions

阳歌 05月12日

财新传媒英文部编辑

Bottom line: A tussle that resulted in injuries to a Tencent worker by a Youku peer at an industry event reflects the big tensions that exist in China's online video sector due to years of stiff competition that shows no signs of easing.
Wine glass incident reflects tensions in online video
Stiff competition in a wide range of online industries is pretty much par for the course in China, but a scuffle between employees of Tencent (HKEx: 700) and Youku at an industry event is underscoring just how high tensions can get. This particular case won't real......
陈一帅

八大山人,看破红尘

陈一帅 05月11日

通信与信息系统博士,曾就职于朗讯贝尔实验室,现居北京,Kassy的爸爸。:)

”凡夫只知死之易,而未知生之难也“,看到八大山人这句话,被击中。感到一种心境:悲伤,但充满力量,更显强大。
八大山人最后活了近80岁,这显然不是一个凄凄惨惨凄凄的人能够活到的年纪。高贵就是高贵:即使悲伤,字典里还是没有“低头”这个词。
象他下面这幅字,干净、洒脱、挥洒自如。每一笔、每一字,都有它自己的气质,好看、耐看。我站在它面前,喜欢、佩服、倾倒,不能挪步。
里面更有两个字:翱翔。看着看着,我懂了:“看破红尘”,并不是从此失去自己,汲汲营营,沦为灰尘。相反,是破茧而出,获得新生,从此坚强、独立、自我、怜惜众生,发挥才华。这才是八大山人至今得到世人尊敬、......
陈一帅

石涛的世界

陈一帅 05月09日

通信与信息系统博士,曾就职于朗讯贝尔实验室,现居北京,Kassy的爸爸。:)

故宫博物院藏四僧书画展
地点:武英殿
时间:2017.05.06-2017.06.28
石涛的画,一图胜千言。在现场能真切感受到他的笔意、精神,被深深打动,叹:只能学习,无法超越。荐。
阳歌
Bottom line: Tencent's online literature unit is likely to make a Hong Kong IPO later this year, and should get a relatively strong reception due to strong backing and its market leading position for a product with stable long-term demand.
Tencent literature unit eyes HK IPO
If you don't succeed the first, second and third times, then try again. That could well be the mantra for the digital literature unit of former online entertainment giant Shanda, which has gone through quite a few attempts at an IPO, only to stumble each time. This particular story has quite a ......
阳歌
Bottom line: Foundering prospects of cross-border tie-ups involving DreamWorks and Paramount shows the love affair between Hollywood and China may be entering a new phase of lowered, more realistic expectations.
DreamWorks Animation eyes sale of China JV stake
The old saying says that what goes up must come down, and that certainly appears to be the case with new reports of the unraveling of two more China-Hollywood tie-ups. The latest reports say that US giant DreamWorks Animation is looking to sell out its stake in Oriental DreamWorks, its landmark China animat......
阳歌

E-COMMERCE: Ant Trumped in US, Alibaba Reorganizes Video

阳歌 03月15日

财新传媒英文部编辑

Bottom line: Ant Financial will counter bid for MoneyGram, following a surprise rival bid for the company, while Alibaba Pictures' absorption of the former Youku Tudou looks like a logical consolidation of Alibaba's filmed entertainment assets.
Ant's MoneyGram offer attracts rival bidder
Two of Alibaba (NYSE: BABA) founder Jack Ma's biggest endeavors outside his core e-commerce business are in the headlines, led by a counter bid for a US financial services company his Ant Financial is trying to acquire. That particular deal has a US company c......
阳歌

INTERNET: Yidao Talks IPO, in Break with LeEco

阳歌 03月14日

财新传媒英文部编辑

Bottom line: Yidao's announcement of plans for an IPO hint at a looming sale of the company by controlling stakeholder LeEco, which could be mulling sales of other recently purchased assets in a bid to ease its cash-crunch.
Yidao prepares for IPO
What do you do when you're running low on cash? The answer is obvious for private car services firm Yidao: make an IPO. That would normally seem like a relatively smart and logical choice for most up-and-coming companies, but Yidao isn't quite one of those. For starters, the company operates in an extremely competitive......
阳歌

GAMES: NetEase Eyes Real Journey to the West

阳歌 03月02日

财新传媒英文部编辑

Bottom line: NetEase's new global expansion could stand a good chance of success due to its strong record with self-developed titles, which could help it pass Baidu in market value over the next 1-2 years.
NetEase holds developer forum in San Francisco
The company that made its name from a series of games based on the famous Chinese novel Journey to the West is trying to turn that story into reality, as NetEase (Nasdaq: NTES) eyes expansion outside its home market. The West contained in NetEase's latest announcement is quite different from the West i......
邱敏

婚姻生活

邱敏 02月28日

教师

伯格曼的《婚姻生活》,上次在苏州只看了前半部分,我承认,看的这一半,我误解了这部电影。当我今天看完它后半部分,我发现这是一部多么细腻伟大的电影!
当时看的前半部分,正好电影放到丈夫乔汉回到家,冷漠地告诉妻子玛丽安,他爱上了一个女孩,马上要动身去意大利。妻子试图挽留,可是一切都无能为力,乔汉对新欢保拉深深地着迷,他告诉妻子,保拉那么肆无忌惮地告诉我她之前的性经历,可是我爱她,我选择跟她在一起她感到很吃惊,现在我要和她一起去意大利,我不会回来了。无论玛丽安怎么哀求,他都义无反顾地提着箱子走了。所有的二、三流电影都是这样,省略了一切麻烦的过程,然后追求个人的幸福,毫无保留地迎接新生活。这的确让人......
阳歌

MEDIA – LeEco Default Strains China Sports Bubble

阳歌 02月28日

财新传媒英文部编辑

Bottom line: LeSport's reported default on payments for Asian Football Confederation soccer games marks the start of the popping of a bubble for sports broadcasting rights dating back to last year.
LeSports soccer drive on the skids
In what could be the first domino to fall in China's overinflated market for sports broadcasting rights, the sports unit of cash challenged LeEco (Shenzhen: 300104) has reportedly defaulted on payment for one of several high-priced packages it purchased last year. In this case, it appears that fans of Asian Football Confederat......
阳歌
Bottom line: iQiyi's issue of convertible notes to raise its latest $1.5 billion shows it continues to post big losses, and investors are increasingly skeptical that it can become profitable in the next 2 years.
iQiyi lures investors with convertible notes
It seems no one is quite ready to believe that China's cash-burning online video sites are ready for the profit column just yet. That seems to be the message coming from Baidu-backed (Nasdaq: BIDU) iQiyi, one of the leading players, which has just raised a fresh $1.5 billion via a convertible note issue. Tha......
郭大刚

No.009-时间如流沙

郭大刚 02月19日

北京市网贷行业协会秘书长

//惦记罗红的摄影艺术馆已经有一段时间了,知道他,喜欢他,不仅仅是因为好利来,更多是因为他的一些作品。
对于我这样一个初学者,更多的总是喜欢用照片来讲故事,记录世间的万物,无论美丑,只论震撼。
所以,在我的眼里,罗红的作品距离马格南上的很多图片还是有差距的。但是,还是喜欢。//
直到看到这幅照片,强烈的冲击给了心灵以震撼。
以前一直喜欢拍专题。所以,才写到“只有美,那就迟早会疲劳,更多是为了讲述-世间”。
作为行为主体,人类之于万物,真如是上帝的化身的话,为何要戕害于万物呢?!
看着池塘里悠哉悠哉的肥硕的锦鲤,虽然很美,但直觉上是那么的不真实。或许,是因为那无非是人......
阳歌
Bottom line: The departure of 2 recently hired executives from Faraday Future hints at chaos and uncertainty that has spread from struggling backer LeEco, a situation that only looks set to worsen.
Faraday Future execs depart
Cash-challenged online video company LeEco (Shenzhen: 300104) is getting an early shock in the run-up to the world's largest consumer electronics show, with word that two top executives have defected from its Faraday Future electric car unit. Anyone reading about these company for the first time is probably scratching his or her hea......
阳歌

IPOs: iQiyi Eyes 2017 Listing, Renren Finally Retires

阳歌 12月23日

财新传媒英文部编辑

Bottom line: iQiyi won't make an IPO next year even though Baidu would like to get the company off its books, while Renren's privatization marks one of the last buyouts for a US-listed Chinese firm from a wave dating back to last year.
iQiyi reportedly eyes 2017 IPO
The year 2016 is winding down as an unmemorable one for Chinese IPOs, thanks to a rocky start that cast a chill over the entire space. That said, the new year could be a bit more lively, amid signs that China's securities regulator is opening the gates a bit wider to new offerings. That signal could bode......

精彩评论

陈酿老久 实朴

原文:还乡琐记:草木叩门 生活继续

吴春波H-R “乡田同井,出入相望,守望互助,疾病相持”,已成追忆。

原文:还乡琐记:草木叩门 生活继续

小胖子真不瘦 风口浪尖上的传奇人物!如果你就这样被打败,那你就真的太失败了,但是我相信你不是这种人,期待你东山再起的那天。

原文:回来吧,贾跃亭

lulud 创业英雄还是欺诈惯犯

原文:回来吧,贾跃亭

zhangmingxiao 川普执政一百多天,初见端倪

原文:商人治国成笑柄

孙越 史上有很多传奇,更有很多英雄,他们的死彰显生命的价值。

原文:对外侦察局的掏心猎手

zhangmingxiao 这个不是一起超售事件,是美联航因为内部员工需要乘坐飞机,旅客满员的情况下利用超售这个工具来达到赶下旅客的目的。

原文:美联航赶乘客下飞机 资深机长告诉你是否违规

郭杰群 在美国,地产开发商将出售资产所得在一定期限内进行类似房产的再投资可以享受一定的免税条款。这在我国当前还不具备,因此在一定程度上制约了地产商的能动性。

原文:REIT的海外发展及启示

Lypsey3543 “据个人了解,中国一线城市住宅投资收益率不会高于3,美国可以达到6。”作者这里说的应是租金收益率。首先,因(特大)人口增长加速,在新兴市场投资房产,主要看资本利得,动态租金收益要会延后实现,静态比较同期没有太大意义。其次,物业年均持有成本,纽约和中国一线城市不可比。第三,纽约和曼哈顿是两个概念。离开曼岛,租金中位数值完全是不是一个档次。而中国一线城市的租金上涨范围更大。因为仍处于成长期。总体而言,虽然在中美两国都投资的是房产,但从收益分布特征和波动率来说,完全可以看作是差别极大的两类资产。就如同高等级债券和蓝筹股票,横比收益没有意义,因为后者大幅超越。归根结底更可能是风险偏好异质性(含Demographic factors)和经济周期所处阶段决定了投资者更偏爱哪一类。

原文:2017年美国房地产市场展望——美国市场、中国视角

王争春 价格和土地供给的问题,我们慢慢谈。市场有垄断市场、寡头市场和竞争市场,定价规则自然有差异。

原文:面对房价,教科书自焚吗?经济规律笑了

财新微信