{"id":363353,"date":"2020-12-30T00:26:40","date_gmt":"2020-12-30T08:26:40","guid":{"rendered":"https:\/\/nai500.com\/blog\/2020\/12\/%e6%8b%bc%e5%a4%9a%e5%a4%9a-2021%e5%b9%b4\/"},"modified":"2020-12-30T00:27:35","modified_gmt":"2020-12-30T08:27:35","slug":"%e6%8b%bc%e5%a4%9a%e5%a4%9a-2021%e5%b9%b4","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2020\/12\/%e6%8b%bc%e5%a4%9a%e5%a4%9a-2021%e5%b9%b4\/","title":{"rendered":"\u62fc\u591a\u591a\u5e02\u503c\u6012\u7834$2000\u5104\uff0c\u4f462021\u5e74\u9084\u6709\u9019\u4e09\u5927\u4e0a\u6f32\u50ac\u5316\u5291"},"content":{"rendered":"<p>\u4eca\u5e74\u4ee5\u4f86\uff0c\u4e2d\u570b\u96fb\u5546\u65b0\u5de8\u982d<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=PDD\">\u62fc\u591a\u591aPinduoduo\uff08NASDAQ: PDD\uff09<\/a>\u7684\u6536\u5165\u5f3a\u52c1\u589e\u9577\uff0c\u80a1\u50f9\u66f4\u662f\u7ffb\u4e86\u5169\u756a\uff0c\u8b93\u6295\u8cc7\u8005\u9a5a\u559c\u9023\u9023\u3002\u8a72\u516c\u53f8\u6536\u5165\u53bb\u5e74\u589e\u9577130%\uff0c2020\u5e74\u524d\u4e5d\u500b\u6708\u540c\u6bd4\u518d\u589e70%\u3002<\/p>\n<p>\u4e0d\u904e\uff0c\u62fc\u591a\u591a\u4e5f\u6709\u81ea\u5df1\u7684\u8edf\u808b\uff1a\u516c\u53f8\u4f9d\u7136\u8667\u640d\uff0c\u540c\u6642\u9084\u9762\u81e8\u4f86\u81ea\u66f4\u5927\u7af6\u722d\u5c0d\u624b<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=BABA\">\u963f\u88e1\u5df4\u5df4\u96c6\u5718\u63a7\u80a1Alibaba Group Holding\uff08NYSE: BABA\uff09<\/a>\u548c<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=JD\">\u4eac\u6771JD.com\uff08NASDAQ: JD\uff09<\/a>\u7684\u6fc0\u70c8\u7af6\u722d\uff0c\u80a1\u50f9\u4e5f\u5e77\u4e0d\u4fbf\u5b9c\u3002\u9019\u4e9b\u96b1\u6182\u78ba\u5be6\u5b58\u5728\uff0c\u4f46\u4e09\u5927\u50ac\u5316\u5291\u6709\u671b\u5728\u660e\u5e74\u7e7c\u7e8c\u9a45\u52d5\u8a72\u96fb\u5546\u65b0\u8cb4\u7684\u80a1\u50f9\u81f3\u65b0\u9ad8\u3002<\/p>\n<h2>1. \u963f\u88e1\u5df4\u5df4\u6df1\u9677\u53cd\u58df\u65b7\u8abf\u67e5<\/h2>\n<p>eMarketer\u7684\u6578\u64da\u986f\u793a\uff0c\u963f\u88e1\u5df4\u5df4\u53bb\u5e74\u63a7\u5236\u4e86\u4e2d\u570b55.9%\u7684\u96fb\u5546\u5e02\u5834\uff0c\u4eac\u6771\u4ee516.7%\u7684\u4efd\u984d\u4f4d\u5c45\u7b2c\u4e8c\uff0c\u63a5\u4e0b\u4f86\u5c31\u662f\u62fc\u591a\u591a\u76847.3%\u3002\u62fc\u591a\u591a\u6191\u85c9\u7d44\u5718\u8cfc\u7269\u7684\u7b56\u7565\u5728\u539f\u6709\u7684\u5e02\u5834\u683c\u5c40\u4e2d\u6436\u4e0b\u81ea\u5df1\u7684\u4e00\u584a\u9818\u5730\u3002<\/p>\n<p>\u904e\u53bb\u4e09\u5e74\uff0c\u62fc\u591a\u591a\u3001\u4eac\u6771\u53ca\u5176\u4ed6\u96fb\u5546\u5e73\u81fa\u4e00\u518d\u6295\u8a34\u963f\u88e1\u5df4\u5df4\u6d89\u5acc\u4e8c\u9078\u4e00\u58df\u65b7\uff0c\u963f\u88e1\u5df4\u5df4\u5929\u732b\u5e73\u81fa\u4e0a\u7684\u5546\u5bb6\u5982\u679c\u5728\u5176\u4ed6\u5e73\u81fa\u92b7\u552e\u7523\u54c1\uff0c\u6703\u906d\u5230\u964d\u7d1a\u7684\u8655\u7f70\u751a\u81f3\u662f\u5fb9\u5e95\u4e0b\u67b6\u3002<\/p>\n<p>\u4eca\u5e74\u4e00\u6708\u8d77\uff0c\u4e2d\u570b\u7684\u53cd\u58df\u65b7\u6a5f\u69cb\u91dd\u5c0d\u9019\u7a2e\u884c\u7232\u9032\u884c\u4e86\u6cd5\u5f8b\u7684\u4fee\u8a02\u3002\u53bb\u5e74\u5341\u4e8c\u6708\uff0c\u9019\u4e9b\u6a5f\u69cb\u91dd\u5c0d\u672a\u7372\u6279\u51c6\u7684\u5e77\u8cfc\u5c0d\u963f\u88e1\u5df4\u5df4\u9032\u884c\u4e86\u8655\u7f70\uff0c\u5e77\u5c0d\u8a72\u516c\u53f8\u5553\u52d5\u53cd\u58df\u65b7\u8abf\u67e5\u3002\u8a72\u8abf\u67e5\u6216\u8feb\u4f7f\u963f\u88e1\u5df4\u5df4\u51c6\u8a31\u5546\u5bb6\u5728\u62fc\u591a\u591a\u53ca\u5176\u4ed6\u5e73\u81fa\u4e0a\u92b7\u552e\u4ed6\u5011\u7684\u7523\u54c1\u3002\u9019\u4e9b\u5546\u5bb6\u6709\u53ef\u80fd\u91cd\u65b0\u56de\u5230\u62fc\u591a\u591a\uff0c\u540c\u6642\u964d\u4f4e\u8a72\u516c\u53f8\u901a\u904e\u4fc3\u92b7\u548c\u88dc\u8cbc\u4f86\u9396\u5b9a\u9867\u5ba2\u7684\u4f9d\u8cf4\u6027\u3002<\/p>\n<h2>2. \u8fb2\u7523\u54c1\u696d\u52d9\u7684\u589e\u9577<\/h2>\n<p>\u62fc\u591a\u591a\u4eca\u5e74\u6210\u7232\u4e86\u4e2d\u570b\u6700\u5927\u7684\u8fb2\u7523\u54c1\u7dab\u4e0a\u5e73\u81fa\u3002\u6c34\u679c\u548c\u852c\u83dc\u7684\u5718\u8cfc\u5927\u5e45\u964d\u4f4e\u4e86\u6d88\u8cbb\u8005\u7684\u6210\u672c\uff0c\u540c\u6642\u7232\u8fb2\u6c11\u5275\u9020\u4e86\u66f4\u9ad8\u7684\u5229\u6f64\u3002\u516c\u53f8\u53bb\u5e74\u92b7\u552e\u4e861364\u5104\u5143\uff08$193\u5104\uff09\u7684\u751f\u9bae\u8fb2\u7523\u54c1\uff0c\u5360\u5176\u5546\u54c1\u4ea4\u6613\u7e3d\u984d\uff08GMV\uff09\u7684\u5927\u7d0414%\uff0c\u4eca\u5e74\u9019\u4e00\u6578\u5b57\u9810\u8a08\u9084\u5c07\u5c07\u8fd1\u7ffb\u500d\u3002<\/p>\n<p>\u62fc\u591a\u591a\u8a08\u5283\u8d81\u8457\u9019\u4e00\u589e\u9577\u52e2\u982d\u529b\u63a8\u591a\u591a\u8cb7\u83dc\u9019\u6b3e\u65b0\u7684\u8cb7\u83dc\u61c9\u7528\uff0c\u6d88\u8cbb\u8005\u8db3\u4e0d\u51fa\u6236\u5c31\u53ef\u4ee5\u630e\u8d77\u83dc\u7c43\u5b50\u9078\u8cfc\u5168\u570b\u8fb2\u7523\u54c1\u7523\u5340\u7684\u7cbe\u9078\u597d\u8ca8\u3002\u591a\u591a\u8cb7\u83dc\u91c7\u53d6\u201c\u7dab\u4e0a\u4e0b\u55ae+\u7dab\u4e0b\u81ea\u63d0\u201d\u7684\u534a\u9810\u8cfc\u6a21\u5f0f\uff0c\u6d88\u8cbb\u8005\u6bcf\u592923\u9ede\u524d\u4e0b\u55ae\uff0c\u6b21\u65e5\u4fbf\u53ef\u5230\u6700\u8fd1\u7684\u81ea\u63d0\u9ede\u53d6\u56de\u5546\u54c1\u3002\u591a\u591a\u8cb7\u83dc\u7684\u5275\u6536\u96d6\u7136\u4e0d\u9ad8\uff0c\u4f46\u5c0d\u4e8e\u7576\u524d\u84ec\u52c3\u767c\u5c55\u7684\u8fb2\u7523\u54c1\u696d\u52d9\u662f\u4e00\u500b\u5f88\u597d\u7684\u88dc\u5145\uff0c\u540c\u6642\u5c07\u66f4\u591a\u7684\u6d88\u8cbb\u8005\u548c\u7dab\u4e0b\u5e97\u7d0d\u5165\u5b83\u7684\u751f\u614b\u7cfb\u7d71\uff0c\u6709\u6548\u62b5\u79a6\u963f\u88e1\u5df4\u5df4\u548c\u4eac\u6771\u5728\u7dab\u4e0a\u98df\u54c1\u751f\u9bae\u9818\u57df\u7684\u7af6\u722d\u3002<\/p>\n<h2>3. \u7e7c\u7e8c\u5411\u4e00\u4e8c\u7dab\u57ce\u5e02\u64f4\u5f35<\/h2>\n<p>\u62fc\u591a\u591a\u7684\u5718\u8cfc\u6a21\u5f0f\u6436\u596a\u4e86\u4e2d\u570b\u4e09\u56db\u7dab\u57ce\u5e02\u7684\u6d88\u8cbb\u8005\uff0c\u6253\u4e86\u963f\u88e1\u5df4\u5df4\u548c\u4eac\u6771\u4e00\u500b\u63aa\u624b\u4e0d\u53ca\u3002\u4e0d\u904e\uff0c\u904e\u53bb\u4e00\u5e74\uff0c\u963f\u88e1\u5df4\u5df4\u548c\u4eac\u6771\u4e5f\u63a8\u51fa\u4e86\u985e\u4f3c\u7684\u6298\u6263\u5e73\u81fa\uff0c\u529b\u5716\u628a\u4e1f\u5931\u7684\u5ba2\u6236\u518d\u6436\u56de\u4f86\u3002\u53d7\u6b64\u5f71\u97ff\uff0c\u62fc\u591a\u591a\u8fd1\u671f\u7684\u589e\u9577\u6216\u5c07\u53d7\u5230\u6291\u5236\uff0c\u4f46\u9019\u4e5f\u4fc3\u4f7f\u8a72\u516c\u53f8\u91c7\u53d6\u66f4\u6fc0\u9032\u7684\u63aa\u65bd\u64f4\u5f35\u5317\u4eac\u548c\u4e0a\u6d77\u7b49\u4e00\u4e8c\u7dab\u57ce\u5e02\u3002\u6b64\u5916\uff0c\u516c\u53f8\u9084\u901a\u904e\u5e73\u81fa\u5c08\u5c6c\u6298\u6263\u9019\u7a2e\u65b9\u5f0f\u5438\u5f15\u66f4\u9ad8\u7aef\u7684\u54c1\u724c\u3002<\/p>\n<p>\u5728\u9019\u4e9b\u63aa\u65bd\u7684\u4f5c\u7528\u4e0b\uff0c\u62fc\u591a\u591a\u6bcf\u6d3b\u8e8d\u7528\u6236\u5e74\u5747\u652f\u51fa\u984d\u5f9e2018\u5e74\u4e09\u5b63\u5ea6\u7684894\u5143\u5347\u81f32020\u5e74\u4e09\u5b63\u5ea6\u76841993\u5143\u3002\u5982\u679c\u9019\u4e00\u6578\u5b57\u57282021\u5e74\u7e7c\u7e8c\u4e0a\u5347\uff0c\u62fc\u591a\u591a\u6709\u671b\u64fa\u812b\u4f4e\u50f9\u6b21\u8ca8\u7684\u4e0d\u597d\u540d\u8072\uff0c\u964d\u4f4e\u5c0d\u6253\u6298\u4fc3\u92b7\u7684\u4f9d\u8cf4\uff0c\u540c\u6642\u63d0\u5347\u5176\u6bdb\u5229\u6f64\u7387\u3002<\/p>\n<h2>\u62fc\u591a\u591a\u4ecd\u7136\u503c\u5f97\u8cb7\u5165\u55ce\uff1f<\/h2>\n<p>\u5206\u6790\u5e2b\u9810\u8a08\u62fc\u591a\u591a\u4eca\u660e\u5169\u5e74\u7684\u6536\u5165\u5206\u5225\u589e\u957784%\u548c55%\uff0c\u975eGAAP\u6de8\u8667\u640d\u4eca\u5e74\u5c07\u6536\u7a84\uff0c\u5e77\u6709\u53ef\u80fd\u5728\u660e\u5e74\u5168\u5e74\u8f49\u8667\u7232\u76c8\u3002\u6309\u7167\u660e\u5e74\u7684\u9810\u6e2c\u6578\u5b57\uff0c\u62fc\u591a\u591a\u7684\u5e02\u92b7\u7387\u723215\uff0c\u5e77\u4e0d\u7b97\u9ad8\u3002\u56e0\u6b64\uff0c\u4e0a\u8ff0\u4e09\u500b\u50ac\u5316\u5291\u6709\u671b\u9a45\u52d5\u8a72\u80a1\u80a1\u50f9\u57282021\u5e74\u5347\u81f3\u65b0\u9ad8\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4eca\u5e74\u4ee5\u4f86\uff0c\u4e2d\u570b\u96fb\u5546\u65b0\u5de8\u982d\u62fc\u591a\u591aPinduoduo\uff08NASDAQ: PDD\uff09\u7684\u6536\u5165\u5f3a\u52c1\u589e\u9577\uff0c\u80a1\u50f9\u66f4\u662f\u7ffb\u4e86\u5169\u756a\uff0c\u8b93 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":363350,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[801,1677],"class_list":["post-363353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-801","tag-technology-zh-hant","sectors-technology-zh-hant","locations-china-zh-hant","locations-us-zh-hant","exchange-nasdaq-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/363353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=363353"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/363353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/363350"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=363353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=363353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=363353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}