{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"\u83ef\u723e\u8857\u65e5\u5831\uff08\u514d\u8cbb\u8a66\u95b1\uff09","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/wsj","title":"\u9a30\u8a0a\u8003\u616e\u525d\u96e2\u66f4\u591a\u6295\u8cc7\u6027\u8cc7\u7522\uff0c\u70ba\u56de\u8cfc\u548c\u672a\u4f86\u589e\u9577\u7c4c\u8cc7 - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/696569\">\u9a30\u8a0a\u8003\u616e\u525d\u96e2\u66f4\u591a\u6295\u8cc7\u6027\u8cc7\u7522\uff0c\u70ba\u56de\u8cfc\u548c\u672a\u4f86\u589e\u9577\u7c4c\u8cc7<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),n=d.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),o=0;o<n.length;o++)n[o].style.display=\"none\";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute(\"style\"),\"height\"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if(\"link\"===t.message)if(a=d.createElement(\"a\"),i=d.createElement(\"a\"),a.href=r.getAttribute(\"src\"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener(\"message\",c.wp.receiveEmbedMessage,!1),d.addEventListener(\"DOMContentLoaded\",t,!1),c.addEventListener(\"load\",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf(\"MSIE 10\"),a=!!navigator.userAgent.match(\/Trident.*rv:11\\.\/),i=d.querySelectorAll(\"iframe.wp-embedded-content\"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute(\"data-secret\"))t=Math.random().toString(36).substr(2,10),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute(\"security\"),e.parentNode.replaceChild(t,e)}}}}(window,document);\n\/\/--><!]]>\n<\/script><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/696569\/embed\" width=\"600\" height=\"338\" title=\"&#8220;\u9a30\u8a0a\u8003\u616e\u525d\u96e2\u66f4\u591a\u6295\u8cc7\u6027\u8cc7\u7522\uff0c\u70ba\u56de\u8cfc\u548c\u672a\u4f86\u589e\u9577\u7c4c\u8cc7&#8221; &#8212; Fortune Insight\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime-fortuneinsight-cloud.s3.ap-southeast-1.amazonaws.com\/web\/wp-content\/uploads\/2022\/09\/21133838\/WSJ-FIP-Template-2-1.png","thumbnail_width":1000,"thumbnail_height":525,"description":"BY JING YANG | UPDATED SEP 20, 2022 10:30 PM EDT \u64da\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0c\u9a30\u8a0a\u6b63\u5728\u8003\u616e\u9032\u4e00\u6b65\u525d\u96e2\u8a72\u516c\u53f8\u9f90\u5927\u6295\u8cc7\u7d44\u5408\u4e2d\u7684\u90e8\u5206\u8cc7\u7522\uff0c\u76ee\u524d\u8a72\u516c\u53f8\u6b63\u5c0b\u6c42\u70ba\u4e00\u7cfb\u5217\u80a1\u7968\u56de\u8cfc\u878d\u8cc7\uff0c\u4e26\u5617\u8a66\u91cd\u65b0\u8abf\u6574\u589e\u9577\u7b56\u7565\u91cd\u5fc3\u3002 \u64da\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0c\u4e2d\u570b\u793e\u4ea4\u5a92\u9ad4\u548c\u904a\u6232\u516c\u53f8\u9a30\u8a0a\u63a7\u80a1\u6709\u9650\u516c\u53f8(Tencent Holdings Ltd., 0700.HK, TCEHY, \u7c21\u7a31\ufe55\u9a30\u8a0a)\u6b63\u5728\u8003\u616e\u9032\u4e00\u6b65\u525d\u96e2\u8a72\u516c\u53f8\u9f90\u5927\u6295\u8cc7\u7d44\u5408\u4e2d\u7684\u90e8\u5206\u8cc7\u7522\uff0c\u76ee\u524d\u8a72\u516c\u53f8\u6b63\u5c0b\u6c42\u70ba\u4e00\u7cfb\u5217\u80a1\u7968\u56de\u8cfc\u878d\u8cc7\uff0c\u4e26\u5617\u8a66\u91cd\u65b0\u8abf\u6574\u589e\u9577\u7b56\u7565\u91cd\u5fc3\u3002 \u9019\u4e9b\u77e5\u60c5\u4eba\u58eb\u7a31\uff0c\u9a30\u8a0a\u6700\u8fd1\u5c0d\u5176\u9f90\u5927\u7684\u6295\u8cc7\u7d44\u5408\u9032\u884c\u4e86\u4e00\u6b21\u5e38\u898f\u8a55\u4f30\uff0c\u4e26\u6839\u64da\u9019\u4e9b\u6295\u8cc7\u7522\u751f\u7684\u56de\u5831\u78ba\u5b9a\u4e86\u4e00\u4e9b\u53ef\u80fd\u512a\u5148\u51fa\u552e\u7684\u6301\u80a1\u3002\u8a72\u516c\u53f8\u6301\u6709\u4e00\u4e9b\u4e2d\u570b\u4e92\u806f\u7db2\u5de8\u982d\u7684\u80a1\u4efd\u3002\u9019\u4e9b\u4eba\u58eb\u9084\u8868\u793a\uff0c\u53ef\u80fd\u88ab\u525d\u96e2\u7684\u8cc7\u7522\u5305\u62ec\u5728\u7dda\u623f\u5730\u7522\u7d93\u7d00\u516c\u53f8\u8c9d\u6bbc\u63a7\u80a1\u6709\u9650\u516c\u53f8(KE Holdings, 2423.HK, BEKE, \u7c21\u7a31\uff1a\u8c9d\u6bbc)\u3001\u9910\u98f2\u5916\u8ce3\u516c\u53f8\u7f8e\u5718(Meituan ,3690.HK)\u548c\u7db2\u7d04\u8eca\u5de8\u982d\u6ef4\u6ef4(Didi Global Inc., DIDIY)\u7684\u80a1\u4efd\u3002\u9019\u4e9b\u77e5\u60c5\u4eba\u58eb\u7a31\uff0c\u9a30\u8a0a\u4e26\u4e0d\u6025\u65bc\u9032\u884c\u9019\u4e00\u525d\u96e2\u8a08\u5283\uff0c\u76ee\u524d\u5c1a\u4e0d\u6e05\u695a\u8a72\u8a08\u5283\u5c07\u65bc\u4f55\u6642\u5be6\u65bd\u3002 \u9a30\u8a0a\u8003\u616e\u8655\u7f6e\u6295\u8cc7\u6027\u8cc7\u7522\u7684\u539f\u56e0\u4e4b\u4e00\u662f\u5e0c\u671b\u5f9e\u4e00\u4e9b\u6210\u719f\u8cc7\u7522\u4e2d\u91cb\u653e\u51fa\u73fe\u91d1\uff0c\u4ee5\u4fbf\u6295\u8cc7\u65bc\u5176\u4ed6\u9818\u57df\uff0c\u5982\u904a\u6232\u548c\u91ab\u7642\u5065\u5eb7\u3002\u77e5\u60c5\u4eba\u58eb\u7a31\uff0c\u53e6\u4e00\u500b\u52d5\u6a5f\u662f\u652f\u6301\u56de\u8cfc\uff0c\u4ee5\u5728\u6700\u5927\u80a1\u6771Prosus NV\u524a\u6e1b\u5c0d\u9a30\u8a0a\u7684\u6301\u80a1\u4e4b\u969b\u62b5\u79a6\u80a1\u50f9\u4e0b\u884c\u58d3\u529b\u3002 \u5982\u679c\u8cc7\u7522\u8655\u7f6e\u4ed8\u8af8\u884c\u52d5\uff0c\u5c07\u9032\u4e00\u6b65\u986f\u793a\u51fa\u9a30\u8a0a\u7684\u7b56\u7565\u660e\u986f\u8f49\u8b8a\u3002\u8a72\u516c\u53f8\u591a\u5e74\u4f86\u4e00\u76f4\u662f\u521d\u5275\u4f01\u696d\u7684\u4e00\u5927\u6295\u8cc7\u8005\uff0c\u7a4d\u7d2f\u4e86\u50f9\u503c\u6578\u5343\u5104\u7f8e\u5143\u7684\u6295\u8cc7\u7d44\u5408\uff0c\u4e0d\u904e\u5728\u4e2d\u570b\u5c0d\u4e92\u806f\u7db2\u5e73\u53f0\u5c55\u958b\u6574\u9813\u5f8c\uff0c\u9019\u4e9b\u6295\u8cc7\u7684\u4f30\u503c\u7e2e\u6c34\u3002\u9a30\u8a0a\u64c1\u6709\u529f\u80fd\u5f37\u5927\u7684\u61c9\u7528\u5fae\u4fe1\uff0c\u4ee5\u53ca\u5176\u4ed6\u8a31\u591a\u4e2d\u570b\u516c\u773e\u5df2\u7d93\u7522\u751f\u4f9d\u8cf4\u7684\u670d\u52d9\u3002 \u64daSanford C. Bernstein\u5206\u6790\u5e2bRobin Zhu\u8a08\u7b97\uff0c\u622a\u81f3\u5468\u4e00\u6536\u76e4\uff0c\u9a30\u8a0a\u6240\u6301\u8c9d\u6bbc\u3001\u7f8e\u5718\u548c\u6ef4\u6ef4\u7684\u80a1\u4efd\u50f9\u503c290\u5104\u7f8e\u5143\uff0c\u6240\u6301\u4e0a\u5e02\u516c\u53f8\u80a1\u4efd\u7e3d\u50f9\u503c\u70ba827\u5104\u7f8e\u5143\u3002 \u9a30\u8a0a\u7684\u4e00\u540d\u767c\u8a00\u4eba\u7a31\uff0c\u9a30\u8a0a\u6c92\u6709\u5c31\u525d\u96e2\u6295\u8cc7\u6027\u8cc7\u7522\u8a2d\u5b9a\u5f85\u525d\u96e2\u76ee\u6a19\u3001\u96a8\u610f\u6c7a\u5b9a\u7684\u6642\u9593\u8868\u548c\u76ee\u6a19\u91d1\u984d\u3002 \u9019\u4f4d\u767c\u8a00\u4eba\u7a31\uff0c\u9a30\u8a0a\u7684\u6295\u8cc7\u59cb\u7d42\u79c9\u6301\u8457\u70ba\u516c\u53f8\u548c\u80a1\u6771\u5e36\u4f86\u8c50\u539a\u56de\u5831\u7684\u76ee\u6a19\uff0c\u800c\u4e0d\u662f\u4f9d\u64da\u96a8\u610f\u6c7a\u5b9a\u7684\u6642\u9593\u8868\u6216\u76ee\u6a19\u3002 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6\u6708\u4efd\u8868\u793a\uff0c\u53ea\u8981\u8a72\u516c\u53f8\u4f30\u503c\u76f8\u6bd4\u8cc7\u7522\u6de8\u503c\u7684\u6298\u50f9\u6c34\u5e73\u8655\u65bc\u9ad8\u4f4d\uff0c\u5c31\u6703\u5b9a\u671f\u6709\u5e8f\u5730\u8655\u7f6e\u6240\u6301\u9a30\u8a0a\u80a1\u4efd\u3002 \u81ea\u90a3\u6642\u8d77\uff0c\u9a30\u8a0a\u5df2\u5728\u5b9a\u671f\u56de\u8cfc\u5176\u80a1\u7968\u3002\u6839\u64da\u300a\u83ef\u723e\u8857\u65e5\u5831\u300b(The Wall Street Journal)\u5c0d\u8b49\u5238\u4ea4\u6613\u6240\u516c\u544a\u7684\u7d71\u8a08\uff0c\u5f9e6\u670828\u65e5Prosus\u5ba3\u5e03\u8655\u7f6e\u8a08\u5283\u5f8c\u7684\u7b2c\u4e8c\u5929\u52309\u670819\u65e5\uff0c\u9a30\u8a0a\u5728\u56de\u8cfc\u4e0a\u7e3d\u5171\u82b1\u8cbb\u4e86\u76f8\u7576\u65bc14\u5104\u7f8e\u5143\u3002 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\u8a72\u516c\u53f8\u767c\u8a00\u4eba\u8aaa\uff0c\u9a30\u8a0a\u4e0d\u9700\u8981\u70ba\u80a1\u7968\u56de\u8cfc\u51fa\u552e\u4efb\u4f55\u8cc7\u7522\uff0c\u53ef\u4ee5\u7528\u7576\u524d\u7684\u73fe\u91d1\u6d41\u70ba\u80a1\u7968\u56de\u8cfc\u63d0\u4f9b\u5168\u90e8\u8cc7\u91d1\u3002 \u9a30\u8a0a\u9996\u5e2d\u6230\u7565\u5b98James Mitchell\u57288\u6708\u4efd\u7684\u8ca1\u5831\u96fb\u8a71\u6703\u8b70\u4e0a\u8868\u793a\uff0c\u5f9e\u6295\u8cc7\u7684\u89d2\u5ea6\u4f86\u770b\uff0c\u6211\u5011\u7684\u91cd\u9ede\u4e00\u76f4\u662f\u56de\u8cfc\u6211\u5011\u81ea\u5df1\u7684\u80a1\u7968\u548c\u6d3e\u767c\u80a1\u606f\uff0c\u5728\u672a\u4f86\u4e00\u6bb5\u6642\u9593\u5167\uff0c\u9019\u7a2e\u60c5\u6cc1\u53ef\u80fd\u6703\u6301\u7e8c\u4e0b\u53bb\u3002\u4ed6\u9084\u8868\u793a\uff0c\u76f8\u5c0d\u65bc\u516c\u53f83,700\u5104\u7f8e\u5143\u7684\u5e02\u503c\uff0c\u9a30\u8a0a\u6709\u5927\u91cf\u8cc7\u91d1\u53ef\u7528\u65bc\u7e7c\u7e8c\u7a4d\u6975\u5730\u6d3e\u606f\u548c\u56de\u8cfc\u3002 \u5c0d\u65bc\u91cd\u8981\u7684\u904a\u6232\u696d\u52d9\uff0cMitchell\u7a31\uff0c\u9a30\u8a0a\u5c07\u7e7c\u7e8c\u7a4d\u6975\u6536\u8cfc\u65b0\u7684\u5de5\u4f5c\u5ba4\u3002\u9a30\u8a0a\u4eca\u5e74\u81f3\u5c11\u6295\u8cc7\u4e86\u516b\u5bb6\u5916\u570b\u904a\u6232\u5de5\u4f5c\u5ba4\uff0c\u5305\u62ec\u6cd5\u570b\u6700\u5927\u7684\u904a\u6232\u958b\u767c\u5546\u80b2\u78a7(Ubisoft Entertainment S.A., 5447.FR)\u548c\u300a\u827e\u723e\u767b\u6cd5\u74b0\u300b(Elden [&hellip;]"}