{"id":1783,"date":"2019-11-29T04:48:45","date_gmt":"2019-11-28T20:48:45","guid":{"rendered":"http:\/\/www.valuetize.com\/global\/?p=1783"},"modified":"2019-11-29T05:43:46","modified_gmt":"2019-11-28T21:43:46","slug":"11%e6%9c%8826%e6%97%a5-%e5%b8%82%e5%80%bc%e8%b6%8540000%e4%ba%bf%e6%b8%af%e5%85%83%ef%bc%8c%e7%bc%94%e9%80%a0%e4%bb%8a%e5%b9%b4%e5%85%a8%e7%90%83%e6%9c%80%e5%a4%a7ipo%ef%bc%8c%e9%98%bf%e9%87%8c","status":"publish","type":"post","link":"https:\/\/www.valuetize.com\/global\/?p=1783","title":{"rendered":"11\u670826\u65e5 \u5e02\u503c\u8d8540000\u4ebf\u6e2f\u5143\uff0c\u7f14\u9020\u4eca\u5e74\u5168\u7403\u6700\u5927IPO\uff0c\u963f\u91cc\u201c\u56de\u5bb6\u201d\u4e86"},"content":{"rendered":"\n<p>11\u670826\u65e59\u70b930\u5206\uff0c\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\uff0809988.HK\uff09\u5728\u9999\u6e2f\u4ea4\u6613\u6240\u9e23\u9523\u4e0a\u5e02\uff0c\u5f00\u76d8\u4ef7187\u6e2f\u5143\uff0c\u8f83\u53d1\u884c\u4ef7\u5927\u6da86.25%\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Alibaba IPO Hong Kong 20191126\" width=\"696\" height=\"522\" src=\"https:\/\/www.youtube.com\/embed\/ksQeWdiWNQY?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"907\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019a.jpg\" alt=\"\" class=\"wp-image-1784\" srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019a.jpg 640w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019a-212x300.jpg 212w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019a-296x420.jpg 296w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" 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class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"611\" height=\"622\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019b-us-price.jpg\" alt=\"\" class=\"wp-image-1785\" srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019b-us-price.jpg 611w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019b-us-price-295x300.jpg 295w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019b-us-price-413x420.jpg 413w\" sizes=\"auto, (max-width: 611px) 100vw, 611px\" \/><\/figure>\n\n\n\n<p> \u25b2 25\u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u7f8e\u80a1(NYSE)\u518d\u5ea6\u5927\u6da81.96%\uff0c\u62a5\u4ef7190.45\u7f8e\u5143\uff0c\u76ee\u524d\u603b\u5e02\u503c\u4e3a5091\u4ebf\u7f8e\u5143\u3002 <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-slogan.jpg\" alt=\"\" class=\"wp-image-1786\" srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-slogan.jpg 640w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-slogan-300x225.jpg 300w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-slogan-80x60.jpg 80w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-slogan-265x198.jpg 265w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-slogan-560x420.jpg 560w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" 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class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"854\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-ceo-speech.jpg\" alt=\"\" class=\"wp-image-1787\" srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-ceo-speech.jpg 640w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-ceo-speech-225x300.jpg 225w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-ceo-speech-315x420.jpg 315w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><figcaption> \u25b2\u5f20\u52c7\u81f4\u8f9e <\/figcaption><\/figure>\n\n\n\n<p> 9\uff1a30am \u6572\u54cd\u4e0a\u5e02\u949f <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner.jpg\" alt=\"\" class=\"wp-image-1799\" srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner.jpg 640w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-300x225.jpg 300w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-80x60.jpg 80w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-265x198.jpg 265w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-560x420.jpg 560w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><figcaption> \u25b2\u5f20\u52c7\u4e0e\u5341\u4f4d\u5168\u7403\u5ba2\u6237\u4ee3\u8868\uff0c\u963f\u91cc\u4ece\u5168\u7403\u5404\u5730\u8bf7\u6765\u6572\u9523\u7684\u751f\u6001\u4f19\u4f34\u3002 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srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-compare-pic-586x1024.jpg 586w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-compare-pic-172x300.jpg 172w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-compare-pic-240x420.jpg 240w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-compare-pic.jpg 640w\" sizes=\"auto, (max-width: 586px) 100vw, 586px\" \/><\/figure>\n\n\n\n<p>\u8fd9\u4e24\u4e2a\u53d8\u5316\uff0c\u6298\u5c04\u4e86\u8fc7\u53bb\u4e94\u5e74\u963f\u91cc\u5df4\u5df4\u6210\u529f\u4ece\u4e00\u5bb6\u7535\u5546\u516c\u53f8\u8715\u53d8\u6210\u4e3a\u5168\u7403\u72ec\u4e00\u65e0\u4e8c\u7684\u6570\u5b57\u7ecf\u6d4e\u4f53\uff0c<strong>\u4e5f\u662f\u963f\u91cc\u5df4\u5df4\u5168\u7403\u5316\u4e1a\u52a1\u9ad8\u6b4c\u731b\u8fdb\u7684\u7f29\u5f71<\/strong>\u3002 <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"400\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-clock.gif\" alt=\"\" class=\"wp-image-1801\"\/><\/figure>\n\n\n\n<p><strong>\u8fd910\u4f4d\u6765\u81ea\u5168\u7403\u7684\u4f19\u4f34\u4ee3\u8868\u5206\u522b\u4e3a\ufe30<\/strong><\/p>\n\n\n\n<p>1. \u65b0\u52a0\u5761\u5e97\u4e3bHeng Mok 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Erdo\u011fmu\u015f\uff08\u54c8\u5229\u5c14\u2027\u57c3\u5c14\u591a\u7a46\u65af\uff09\uff0c\u4ed6\u88ab\u79f0\u4f5c\u201c\u8d85\u7ea7\u5976\u7238\u201d\uff0c\u56e0\u4e3a\u4ed6\u5728\u901f\u5356\u901a\u4e0a\u5356\u7684\u81ea\u6709\u54c1\u724c\u6bcd\u5a74\u4ea7\u54c1\uff0c\u5356\u5230\u4e86\u5168\u7403\u8fd1200\u4e2a\u56fd\u5bb6\u548c\u5730\u533a\uff1b<\/p>\n\n\n\n<p>7.\u5362\u65fa\u8fbe\u65f6\u5c1a\u521b\u4e1a\u8005Kevine\uff08\u51ef\u6587\uff09\uff0c\u5979\u662f\u5362\u65fa\u8fbe\u7b2c\u4e00\u4e2a\u628a\u65f6\u5c1a\u54c1\u724c\u642c\u4e0a\u7535\u5546\u5e73\u53f0\u7684\u4eba\uff0c\u5e76\u95ef\u8fdb\u4e86\u9a6c\u4e91\u516c\u76ca\u57fa\u91d1\u4f1a\u975e\u6d32\u521b\u4e1a\u8005\u5927\u8d5b\u524d\u5341\uff1b<\/p>\n\n\n\n<p>8.\u4e2d\u56fd\u7269\u6d41\u5206\u62e3\u5e08\u8881\u6587\u51ef\uff0c\u4ed6\u4f18\u5316\u7684\u667a\u80fd\u5206\u62e3\u65b9\u6848\u7ecf\u5386\u4e862019\u5929\u732b\u53cc11\u5168\u7403\u72c2\u6b22\u8282\u8de8\u5883\u8ba2\u5355\u7684\u6d2a\u5cf0\uff1b<\/p>\n\n\n\n<p>9.\u9a6c\u6765\u897f\u4e9a\u7269\u8054\u7f51\u4e13\u5bb6Tan Hanwei\uff0c\u4ed6\u7528\u963f\u91cc\u4e91\u6280\u672f\u5e2e\u52a9\u5f53\u5730\u79cd\u8fa3\u6912\u7684\u519c\u6c11\u964d\u4f4e\u4e86\u79cd\u690d\u6210\u672c\uff1b<\/p>\n\n\n\n<p>10.\u9f99\u821f\u8fd0\u52a8\u7231\u597d\u8005\u738b\u59e3\u59e3\uff0c\u5979\u751f\u6d3b\u5728\u6fb3\u6d32\uff0c\u5728\u5929\u732b\u6d77\u5916\u4e0a\u8ba2\u4e86\u4e00\u825814\u7c73\u957f\u7684\u4e2d\u56fd\u9f99\u821f\uff0c15\u5929\u540e\uff0c\u8fd9\u8258\u9f99\u821f\u4ece8,000\u516c\u91cc\u4e4b\u5916\u7684\u676d\u5dde\u6765\u5230\u6089\u5c3c\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-2.jpg\" alt=\"\" class=\"wp-image-1802\" srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-2.jpg 640w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-2-300x225.jpg 300w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-2-80x60.jpg 80w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-2-265x198.jpg 265w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-2-560x420.jpg 560w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><figcaption> \u25b2\u5f20\u52c7\u3001\u8463\u5efa\u534e\u4e0e\u6572\u949f\u4ee3\u8868 <\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-3.jpg\" alt=\"\" class=\"wp-image-1803\" srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-3.jpg 640w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-3-300x225.jpg 300w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-3-80x60.jpg 80w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-3-265x198.jpg 265w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-10partner-3-560x420.jpg 560w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><figcaption> \u25b2\u5927\u5408\u7167 <\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"400\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-zoo-animal.gif\" alt=\"\" class=\"wp-image-1804\"\/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-zoo-animal2.jpg\" alt=\"\" class=\"wp-image-1805\" srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-zoo-animal2.jpg 640w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-zoo-animal2-300x225.jpg 300w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-zoo-animal2-80x60.jpg 80w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-zoo-animal2-265x198.jpg 265w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-2019-zoo-animal2-560x420.jpg 560w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<p> \u25b2 \u963f\u91cc\u52a8\u7269\u56ed <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u8f6f\u94f6\u4e3a\u6700\u5927\u80a1\u4e1c\uff0c\u9a6c\u4e91\u6301\u80a16%<\/strong><\/h2>\n\n\n\n<p>\u6839\u636e\u963f\u91cc\u62db\u80a1\u4e66\u663e\u793a\uff0c\u622a\u81f3\u6700\u540e\u5b9e\u9645\u53ef\u884c\u65e5\u671f\uff0c\u76ee\u524d\u8f6f\u94f6\u6301\u80a125.8%\u3001\u9a6c\u4e91\u6301\u80a16.1%\u3001\u8521\u5d07\u4fe1\u6301\u80a12.0%\uff0c\u5176\u4ed6\u9ad8\u7ba1\u6301\u80a10.9%\u3002\u516c\u4f17\u6301\u80a165.2%\u3002\u672c\u6b21\u5168\u7403\u53d1\u552e\u5b8c\u6210\u540e\uff0c\u8f6f\u94f6\u4ecd\u4e3a\u6700\u5927\u80a1\u4e1c\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"663\" height=\"423\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-shareholder.png\" alt=\"\" class=\"wp-image-1810\" srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-shareholder.png 663w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-shareholder-300x191.png 300w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-hk-ipo-shareholder-658x420.png 658w\" sizes=\"auto, (max-width: 663px) 100vw, 663px\" 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<\/h2>\n\n\n\n<p>1<\/p>\n\n\n\n<p>2007\u5e7411\u6708\uff0c\u963f\u91cc\u5df4\u5df4\u4ee5B2B\u4e1a\u52a1\u4f5c\u4e3a\u4e3b\u4f53\u4e8e\u6e2f\u4ea4\u6240\u4e0a\u5e02\uff0c\u5e02\u76c8\u7387\u66fe\u4e00\u5ea6\u8d85300\u500d\u3002<\/p>\n\n\n\n<p>2<\/p>\n\n\n\n<p>2012\u5e74\uff0c\u4ece\u9999\u6e2f\u9000\u5e02\u30022013\u5e7410\u6708\uff0c\u963f\u91cc\u5df4\u5df4\u518d\u6218\u6e2f\u80a1\uff0c\u6e2f\u4ea4\u6240\u56e0\u201c\u540c\u80a1\u4e0d\u540c\u6743\u201d\u9519\u5931\u963f\u91cc\u30022014\u5e74\u963f\u91cc\u5df4\u5df4\u542f\u52a8\u8d74\u7f8e\u4e0a\u5e02\uff0c\u540c\u5e749\u6708\u5728\u7ebd\u4ea4\u6240\u6b63\u5f0f\u6302\u724c\uff0c\u6210\u4e3a\u5f53\u65f6\u5168\u7403\u89c4\u6a21\u6700\u5927\u7684IPO\u3002\u521b\u59cb\u4eba\u9a6c\u4e91\u66fe\u8868\u793a\uff0c\u201c\u53ea\u8981\u6761\u4ef6\u5141\u8bb8\uff0c\u6211\u4eec\u8fd8\u4f1a\u56de\u6765\u201d\u3002<\/p>\n\n\n\n<p>3<\/p>\n\n\n\n<p>2017\u5e7412\u670815\u65e5\uff0c\u6e2f\u4ea4\u6240\u5ba3\u5e03\u5728\u4e3b\u677f\u4e0a\u5e02\u89c4\u5219\u4e2d\u589e\u52a0\u4e24\u4e2a\u7ae0\u8282\uff0c\u5176\u4e2d\u4e00\u4e2a\u5c31\u662f\u63a5\u53d7\u540c\u80a1\u4e0d\u540c\u6743\u4e0a\u5e02\u3002\u540e\u6765\uff0c\u5c0f\u7c73\u3001\u7f8e\u56e2\u5747\u91c7\u7528\u8fd9\u79cd\u67b6\u6784\u4e0a\u5e02\uff0c\u4e3a\u6b64\u6b21\u963f\u91cc\u91cd\u8fd4\u6e2f\u80a1\u6253\u4e0b\u5236\u5ea6\u57fa\u7840\u3002\u8fd9\u4e5f\u8ba9\u963f\u91cc\u5df4\u5df4\u518d\u6b21\u8d74\u6e2f\u4e0a\u5e02\u6210\u4e3a\u53ef\u80fd\u3002<\/p>\n\n\n\n<p>4<\/p>\n\n\n\n<p>2019\u5e7411\u670813\u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\uff08\u7ebd\u4ea4\u6240\u4ee3\u7801\uff1aBABA\uff09\u5728\u9999\u6e2f\u8054\u5408\u4ea4\u6613\u6240\u7f51\u7ad9\u63d0\u4ea4\u521d\u6b65\u62db\u80a1\u6587\u4ef6\uff0c\u62ab\u9732\u8d44\u91d1\u7528\u9014\u548c\u6301\u80a1\u7ed3\u6784\u7b49\u5185\u5bb9\uff0c\u6b63\u5f0f\u786e\u8ba4\u9999\u6e2fIPO\u300211\u670815\u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u5ba3\u5e03\uff0c\u62df\u4ee5\u6bcf\u80a1\u4e0d\u8d85\u8fc7188\u6e2f\u5143\u53d1\u552e\u9999\u6e2fIPO\u80a1\u7968\uff0c\u62df\u6309\u4ee3\u7801\u201c9988.HK\u201d\u5728\u6e2f\u4ea4\u6240\u4e3b\u677f\u4e0a\u5e02\u3002\u62db\u80a1\u4e66\u62ab\u9732\u80a1\u6743\u7ed3\u6784\u4e3a\uff1a\u8f6f\u94f6\u6301\u80a125.8%\uff0c\u9a6c\u4e91\u6301\u80a16.1%\uff0c\u8521\u5d07\u4fe1\u6301\u80a12.0%\uff0c\u5176\u4ed6\u8463\u4e8b\u548c\u9ad8\u7ea7\u7ba1\u7406\u4eba\u5458\u5408\u8ba1\u6301\u80a10.9%\uff0c\u5176\u4ed6\u516c\u4f17\u80a1\u4e1c\u6301\u80a165.2%\u3002<\/p>\n\n\n\n<p>5<\/p>\n\n\n\n<p>11\u670820\u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8\u5ba3\u5e03\uff0c\u7531\u56fd\u9645\u53d1\u552e\u548c\u9999\u6e2f\u516c\u5f00\u53d1\u552e\u7ec4\u6210\uff0c\u5171\u8ba1\u53d1\u884c500,000,000\u80a1\u666e\u901a\u80a1\u7684\u5168\u7403\u53d1\u552e\u786e\u5b9a\u53d1\u552e\u4ef7\u3002\u56fd\u9645\u53d1\u552e\u4e0e\u9999\u6e2f\u516c\u5f00\u53d1\u552e\u7684\u6700\u7ec8\u53d1\u552e\u4ef7\u683c\u5747\u4e3a\u6bcf\u80a1176\u6e2f\u5143\u3002\u6839\u636e\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u4e8e\u7ebd\u4ea4\u6240\u4e0a\u5e02\u7684\u6bcf\u4e00\u4efd\u7f8e\u56fd\u5b58\u6258\u80a1\u4ee3\u8868\u516b\u80a1\u666e\u901a\u80a1\u7684\u6bd4\u7387\uff0c\u53d1\u552e\u4ef7\u7ea6\u5408\u6bcf\u4efd\u7f8e\u56fd\u5b58\u6258\u80a1180\u7f8e\u5143\u3002<\/p>\n\n\n\n<p>6<\/p>\n\n\n\n<p>11\u670825\u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\uff08NYSE:BABA\uff0c09988.HK\uff09\u53d1\u5e03\u516c\u544a\u79f0\uff0c\u6309\u7167\u53d1\u552e\u4ef7\u6bcf\u80a1\u80a1\u4efd176\u6e2f\u5143\u8ba1\u7b97\uff0c\u963f\u91cc\u5df4\u5df4\u5c06\u6536\u53d6\u5168\u7403\u53d1\u552e\u52df\u96c6\u8d44\u91d1\u51c0\u989d\u7ea6\u4e3a875.57\u4ebf\u6e2f\u5143\u3002\u516c\u544a\u663e\u793a\uff0c\u963f\u91cc\u5df4\u5df4\u5168\u7403\u53d1\u552e\u9879\u4e0b\u7684\u53d1\u552e\u80a1\u4efd\u6570\u76ee\u4e3a5\u4ebf\u80a1\uff0c\u9999\u6e2f\u53d1\u552e\u80a1\u4efd\u6570\u76ee\u4e3a5000\u4e07\u80a1\uff0c\u56fd\u9645\u53d1\u552e\u80a1\u4efd\u6570\u76ee\u4e3a4.5\u4ebf\u80a1\u3002\u963f\u91cc\u5df4\u5df4\u79f0\uff0c\u62df\u5c06\u52df\u96c6\u8d44\u91d1\u51c0\u989d\u7528\u4e8e\u4fc3\u8fdb\u4ee5\u4e0b\u6218\u7565\u7684\u6267\u884c\uff0c\u5305\u62ec\u4e13\u6ce8\u4e8e\uff1a\u9a71\u52a8\u7528\u6237\u589e\u957f\u53ca\u63d0\u5347\u53c2\u4e0e\u5ea6\uff1b\u52a9\u529b\u4f01\u4e1a\u5b9e\u73b0\u6570\u5b57\u5316\u8f6c\u578b\uff0c\u63d0\u5347\u8fd0\u8425\u6548\u7387\uff1b\u53ca\u6301\u7eed\u521b\u65b0\u3002<\/p>\n\n\n\n<p>7<\/p>\n\n\n\n<p>11\u670826\u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u5728\u6e2f\u4ea4\u6240\u4e3b\u677f\u5f00\u59cb\u4ea4\u6613\u3002<\/p>\n\n\n\n<p>\u963f\u91cc\u5df4\u5df4\u6700\u65b0\u8d22\u62a5<\/p>\n\n\n\n<p>\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u6210\u7acb\u4e8e1999\u5e74\uff0c\u7ecf\u8fc720\u5e74\u7684\u53d1\u5c55\uff0c\u5df2\u4ece\u6210\u7acb\u4e4b\u521d\u7684\u4e00\u5bb6\u7535\u5b50\u5546\u52a1\u516c\u53f8\u53d1\u5c55\u6210\u4e3a\u521d\u5177\u8f6e\u5ed3\u7684\u6a2a\u8de8\u6570\u5b57\u5546\u4e1a\u3001\u6570\u5b57\u91d1\u878d\u3001\u667a\u6167\u7269\u6d41\u3001\u4e91\u8ba1\u7b97\u5927\u6570\u636e\u7b49\u7684\u6570\u5b57\u7ecf\u6d4e\u65f6\u4ee3\u7684\u5546\u4e1a\u57fa\u7840\u8bbe\u65bd\u63d0\u4f9b\u5546\u3002\u963f\u91cc\u6700\u65b0\u7248\u62db\u80a1\u4e66\u4e2d\u62ab\u9732\uff0c\u76ee\u524d\uff0c\u963f\u91cc\u5df4\u5df4\u4e3b\u8981\u4e1a\u52a1\u5305\u62ec\u6838\u5fc3\u5546\u4e1a\u3001\u6570\u5b57\u5a92\u4f53\u53ca\u5a31\u4e50\u3001\u521b\u65b0\u4e1a\u52a1\u53ca\u4e91\u8ba1\u7b97\u56db\u5757\u3002<\/p>\n\n\n\n<p>2019\u5e746\u67086\u65e5\u516c\u5e03\u76842019\u8d22\u5e74\u5e74\u62a5\u663e\u793a\uff0c\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u6536\u5165\u8fbe3768.44\u4ebf\u5143\u30022019\u5e7411\u67081\u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u53d1\u5e03\u4e86\u622a\u81f32019\u5e749\u670830\u65e5\u76842020\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8d22\u62a5\uff0c\u8d22\u62a5\u663e\u793a\uff0c\u963f\u91cc\u5df4\u5df4\u7b2c\u4e8c\u8d22\u5ea6\u8425\u65361190.2\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u4e2d\u56fd\u96f6\u552e\u5e02\u573a\u79fb\u52a8\u6708\u6d3b\u8dc3\u7528\u6237\u8fbe7.85\u4ebf\uff0c\u8f832019\u5e746\u6708\u52b2\u589e3000\u4e07\uff1b\u5e74\u5ea6\u6d3b\u8dc3\u6d88\u8d39\u8005\u589e\u957f1900\u4e07\u81f36.93\u4ebf\u3002\u96c6\u56e2\u6536\u5165\u589e\u957f40%\u81f3\u4eba\u6c11\u5e011190.17\u4ebf\u5143\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u963f\u91cc\u5df4\u5df4\u5927\u4e8b\u8bb0<\/h2>\n\n\n\n<p>1999\u5e74\uff0c\u9a6c\u4e91\u7b4918\u4eba\u5728\u676d\u5dde\u521b\u7acb\u963f\u91cc\u5df4\u5df4\u3002<\/p>\n\n\n\n<p>2003\u5e745\u6708\uff0c\u6210\u7acb\u6dd8\u5b9d\u7f51\u3002<\/p>\n\n\n\n<p>2004\u5e7412\u6708\uff0c\u63a8\u51fa\u652f\u4ed8\u5b9d\u3002<\/p>\n\n\n\n<p>2007\u5e7411\u6708\uff0c\u963f\u91cc\u5df4\u5df4\u7f51\u7edc\u6709\u9650\u516c\u53f8\u5728\u9999\u6e2f\u8054\u4ea4\u6240\u4e3b\u677f\u6302\u724c\u4e0a\u5e02\u3002<\/p>\n\n\n\n<p>2009\u5e749\u670810\u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u5341\u5468\u5e74\uff0c\u540c\u65f6\u963f\u91cc\u4e91\u8ba1\u7b97\u3002<\/p>\n\n\n\n<p>2010\u5e744\u6708\uff0c\u63a8\u51fa\u5168\u7403\u901f\u5356\u901a\u3002<\/p>\n\n\n\n<p>2010\u5e747\u6708\uff0c\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u63a8\u51fa\u5408\u4f19\u4eba\u5236\u5ea6\u3002<\/p>\n\n\n\n<p>2011\u5e746\u670816\u65e5\uff0c\u6dd8\u5b9d\u7f51\u5206\u62c6\u4e3a\u4e09\u5bb6\u516c\u53f8\u4e00\u6dd8\u7f51\u3001\u6dd8\u5b9d\u7f51\u3001\u6dd8\u5b9d\u5546\u57ce\u3002<\/p>\n\n\n\n<p>2012\u5e741\u670811\u65e5\uff0c\u6dd8\u5b9d\u5546\u57ce\u6b63\u5f0f\u66f4\u540d\u4e3a\u201c\u5929\u732b\u201d\u3002<\/p>\n\n\n\n<p>2012\u5e746\u670820\u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u7f51\u7edc\u6709\u9650\u516c\u53f8\uff08\u4ee3\u78011688\uff09\u5728\u9999\u6e2f\u8054\u4ea4\u6240\u9000\u5e02\u3002<\/p>\n\n\n\n<p>2014\u5e746\u6708\uff0c\u6536\u8d2dUC\u4f18\u89c6\uff0c\u6536\u8d2d\u6587\u5316\u4e2d\u56fd\u4f20\u64ad\uff08\u73b0\u79f0\u201c\u963f\u91cc\u5df4\u5df4\u5f71\u4e1a\u96c6\u56e2\u201d\uff09\u7ea660%\u80a1\u6743\u3002<\/p>\n\n\n\n<p>2014\u5e747\u6708\uff0c\u4e0e\u94f6\u6cf0\u6210\u7acb\u5408\u8d44\u4f01\u4e1a\uff0c\u6295\u8d44\u9ad8\u5fb7\u3002<\/p>\n\n\n\n<p>2014\u5e749\u670819\u65e5\uff0c\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u4e8e\u7ebd\u7ea6\u8bc1\u5238\u4ea4\u6613\u6240\u6b63\u5f0f\u6302\u724c\u4e0a\u5e02\uff0c\u80a1\u7968\u4ee3\u7801\u201cBABA\u201d\u3002<\/p>\n\n\n\n<p>2014\u5e7410\u6708\uff0c\u8682\u8681\u91d1\u878d\u670d\u52a1\u96c6\u56e2\u6210\u7acb\u3002<\/p>\n\n\n\n<p>2015\u5e742\u670810\u65e5\uff0c\u4e0e\u8682\u8681\u91d1\u670d\u96c6\u56e2\u5b8c\u6210\u91cd\u7ec4\uff0c\u8682\u8681\u91d1\u670d\u4e3a\u652f\u4ed8\u5b9d\u7684\u6bcd\u516c\u53f8\u3002<\/p>\n\n\n\n<p>2015\u5e746\u670823\u65e5\uff0c\u4e0e\u8682\u8681\u91d1\u878d\u5408\u8d44\u6210\u7acb\u201c\u53e3\u7891\u201d\u3002<\/p>\n\n\n\n<p>2015\u5e747\u670815\u65e5\uff0c\u6210\u7acb\u963f\u91cc\u97f3\u4e50\u96c6\u56e2\u3002<\/p>\n\n\n\n<p>2015\u5e7412\u670817\u65e5\uff0c\u65a5\u8d4412.5\u4ebf\u7f8e\u5143\u6210\u997f\u4e86\u4e48\u7b2c\u4e00\u5927\u80a1\u4e1c\u3002<\/p>\n\n\n\n<p>2016\u5e744\u67086\u65e5\uff0c\u5408\u4e00\u96c6\u56e2\uff08\u4f18\u9177\u571f\u8c46\uff09\u6b63\u5f0f\u5b8c\u6210\u79c1\u6709\u5316\uff0c\u6210\u4e3a\u963f\u91cc\u5927\u5bb6\u5ead\u4e00\u5458\u3002<\/p>\n\n\n\n<p>2018\u5e7410\u670812\u65e5\uff0c\u997f\u4e86\u4e48\u548c\u53e3\u7891\u5408\u5e76\u6210\u7acb\u672c\u5730\u751f\u6d3b\u670d\u52a1\u516c\u53f8\u3002<\/p>\n\n\n\n<p>2019\u5e749\u670810\u65e5\uff0c\u9a6c\u4e91\u5378\u4efb\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u8463\u4e8b\u5c40\u4e3b\u5e2d\u804c\u4f4d\uff0c\u5f20\u52c7\u63a5\u68d2\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"417\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-ipo-counter.jpg\" alt=\"\" class=\"wp-image-1806\" srcset=\"https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-ipo-counter.jpg 640w, https:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-ipo-counter-300x195.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> \u56fe\u89e34\u4e07\u4ebf\u5e02\u503c\u7684\u963f\u91cc\u5df4\u5df4\u662f\u600e\u6837\u7ec3\u6210\u7684\u3002<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"7020\" src=\"http:\/\/www.valuetize.com\/global\/wp-content\/uploads\/2019\/11\/alibaba-value-developed1.jpg\" alt=\"\" class=\"wp-image-1807\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">\u963f\u91cc\u5df4\u5df4\u5728\u6e2f\u4ea4\u6240\u4e3b\u677f\u6b63\u5f0f\u4e0a\u5e02<br>\u52df\u8d44\u91d1\u989d\u9884\u8ba1\u7ea6\u4e3a880\u4ebf\u6e2f\u5143<\/h2>\n\n\n\n<p>\u4e00\u5bb6\u56fd\u9645\u8d44\u672c\u6700\u4e3a\u671f\u5f85\u7684\u8de8\u5883\u4e0a\u5e02\u516c\u53f8\u4eca\u65e5\u6b63\u5f0f\u8bde\u751f\u3002\u963f\u91cc\u5df4\u5df4\u96c6\u56e2\u63a7\u80a1\u6709\u9650\u516c\u53f8(\u4ee5\u4e0b\u7b80\u79f0\u201c\u963f\u91cc\u5df4\u5df4\u201d)\u8fd1\u65e5\u53d1\u5e03\u516c\u544a\u79f0\uff0c\u516c\u53f8\u5c06\u4e8e11\u670826\u65e5\u5728\u6e2f\u4ea4\u6240\u4e3b\u677f\u6b63\u5f0f\u4e0a\u5e02\uff0c\u80a1\u7968\u4ee3\u7801\u4e3a\u201c9988\u201d\uff0c\u52df\u8d44\u91d1\u989d\u9884\u8ba1\u7ea6\u4e3a880\u4ebf\u6e2f\u5143\uff0c\u8fd9\u4e5f\u662f9\u5e74\u4ee5\u6765\uff0c\u4e2d\u56fd\u9999\u6e2f\u80a1\u7968\u5e02\u573a\u89c4\u6a21\u6700\u5927\u7684\u4e0a\u5e02\u4ea4\u6613\uff0c\u540c\u65f6\u4e5f\u662f\u5168\u7403\u7b2c\u4e8c\u5927\u8de8\u5883\u4e0a\u5e02\u6848\u4f8b\uff0c\u591a\u5bb6\u56fd\u9645\u77e5\u540d\u91d1\u878d\u673a\u6784\u62c5\u5f53\u627f\u9500\u89d2\u8272\uff0c\u6295\u8d44\u8005\u53c2\u4e0e\u6570\u91cf\u8fd120\u4e07\u6237\u3002<\/p>\n\n\n\n<p>\u591a\u4f4d\u79c1\u52df\u4eba\u58eb\u544a\u8bc9\u300a\u8bc1\u5238\u65e5\u62a5\u300b\u8bb0\u8005\uff0c\u963f\u91cc\u5df4\u5df4\u8d74\u6e2f\u4e0a\u5e02\u540e\u6700\u5927\u7684\u53d7\u76ca\u8005\u9664\u4e86\u81ea\u8eab\u4ee5\u5916\uff0c\u53e6\u4e00\u4e2a\u5c31\u662f\u6e2f\u4ea4\u6240\uff0c\u5f15\u5165\u963f\u91cc\u5df4\u5df4\u5c06\u6709\u6548<strong>\u63d0\u5347\u6e2f\u4ea4\u6240\u6297\u98ce\u9669\u80fd\u529b\uff0c\u63d0\u5347\u5bf9\u79d1\u6280\u516c\u53f8\u8d74\u6e2f\u4e0a\u5e02\u7684\u5438\u5f15\u529b<\/strong>\u3002\u5bf9\u4e8e\u666e\u901a\u6295\u8d44\u8005\u6765\u8bf4\uff0c\u6b64\u65f6\u5e03\u5c40\u963f\u91cc\u5df4\u5df4\u53ef\u80fd\u4e0d\u4f1a\u662f\u6700\u4f73\u65f6\u673a\uff0c\u540c\u65f6\uff0c\u963f\u91cc\u5df4\u5df4\u4e0e\u817e\u8baf\u4e0d\u4f1a\u4ea7\u751f\u66ff\u4ee3\u6548\u5e94\uff0c\u4f46\u53ef\u80fd\u5bf9\u8d44\u672c\u7684\u6d41\u5411\u4ea7\u751f\u5f71\u54cd\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u591a\u5bb6\u8de8\u56fd\u6295\u884c\u627f\u62c5\u52df\u8d44\u89d2\u8272<\/strong><\/h2>\n\n\n\n<p>\u3000\u3000\u300a\u8bc1\u5238\u65e5\u62a5\u300b\u8bb0\u8005\u4e86\u89e3\u5230\uff0c\u963f\u91cc\u5df4\u5df4\u5728\u6e2f\u4ea4\u6240\u7684\u4e0a\u5e02\u582a\u79f0\u201c\u5de8\u65e0\u9738\u201d\uff0c\u8fd9\u662f\u56e0\u4e3a\u963f\u91cc\u5df4\u5df4\u6b64\u6b21\u7684\u52df\u8d44\u91d1\u989d\u76f8\u5bf9\u8f83\u9ad8\uff0c\u5bf9\u4e8e\u4e2d\u56fd\u6e2f\u80a1\u4e0a\u5e02\u5b9a\u4ef7\u4e3a\u6bcf\u80a1176\u6e2f\u5143\uff0c\u81f3\u5c11\u52df\u96c6\u8d44\u91d1\u4e3a880\u4ebf\u6e2f\u5143\uff0c\u8fd9\u662f9\u5e74\u4ee5\u6765\uff0c\u4e2d\u56fd\u6e2f\u80a1\u5e02\u573a\u89c4\u6a21\u6700\u5927\u7684\u4e0a\u5e02\u4ea4\u6613\u6848\u4f8b\uff0c\u540c\u65f6\uff0c\u4e5f\u662f\u5168\u7403\u7b2c\u4e8c\u5927\u8de8\u5883\u4e0a\u5e02\u52df\u8d44\u6848\u4f8b\u3002<\/p>\n\n\n\n<p>\u3000\u3000\u6309\u7167\u963f\u91cc\u5df4\u5df4\u7684\u4e0a\u5e02\u6218\u7565\u89c4\u5212\uff0c\u8ba1\u5212\u5c06\u5168\u7403\u53d1\u552e\u52df\u8d44\u8d44\u91d1\u7528\u4e8e\u6218\u7565\u9700\u8981\uff0c\u4e1a\u52a1\u53d1\u5c55\u5305\u62ec\u7528\u6237\u589e\u957f\u4e0e\u53c2\u4e0e\u5ea6\u7684\u63d0\u5347\uff0c\u52a9\u529b\u516c\u53f8\u5b9e\u73b0\u6570\u5b57\u5316\u5347\u7ea7\uff0c\u63d0\u5347\u8fd0\u8425\u6548\u7387\u53ca\u6301\u7eed\u521b\u65b0\u3002\u8bb0\u8005\u53d1\u73b0\uff0c\u963f\u91cc\u5df4\u5df4\u6b64\u6b21\u53d1\u884c\u52df\u96c6\u8d44\u91d1\u7684\u627f\u9500\u5546\uff0c\u5305\u62ec\u4e86\u661f\u5c55\u4e9a\u6d32\u878d\u8d44(DBS)\u3001UBS\u3001JP\u6469\u6839\u3001\u6469\u6839\u58eb\u4e39\u5229\u3001\u5de5\u94f6\u56fd\u9645\u8bc1\u5238\u3001\u4e2d\u91d1\u516c\u53f8\u3001\u5fb7\u610f\u5fd7\u94f6\u884c\u3001\u4e2d\u4fe1\u91cc\u6602\u8bc1\u5238\u3001\u62db\u94f6\u56fd\u9645\u878d\u8d44\u516c\u53f8\u3001\u4e0a\u6295\u6469\u6839\u57fa\u91d1\u7b49\u591a\u5bb6\u56fd\u9645\u77e5\u540d\u91d1\u878d\u673a\u6784\uff0c\u6295\u8d44\u8005\u53c2\u4e0e\u6570\u91cf\u8fd120\u4e07\u6237\uff0c\u4e3a19.57\u4e07\u6237\u3002<\/p>\n\n\n\n<p>\u3000\u3000\u5728\u91c7\u8bbf\u4e2d\uff0c\u300a\u8bc1\u5238\u65e5\u62a5\u300b\u8bb0\u8005\u4e86\u89e3\u5230\uff0c\u591a\u5bb6\u5185\u5730\u767e\u4ebf\u5143\u7ea7\u79c1\u52df\u4e5f\u53c2\u4e0e\u963f\u91cc\u5df4\u5df4\u65b0\u80a1\u53d1\u884c\u3002\u4e0a\u6d77\u67d0\u767e\u4ebf\u5143\u7ea7\u79c1\u52df\u76f8\u5173\u4eba\u58eb\u8868\u793a\uff0c\u201c\u7531\u4e8e\u516c\u53f8\u53c2\u4e0e\u4e86\u963f\u91cc\u5df4\u5df4\u6253\u65b0\u884c\u4e3a\uff0c\u9274\u4e8e\u76ee\u524d\u7684\u6301\u4ed3\u60c5\u51b5\uff0c\u6682\u4e0d\u4fbf\u63a5\u53d7\u91c7\u8bbf\u3002\u201d<\/p>\n\n\n\n<p>\u3000\u3000\u57fa\u5ca9\u8d44\u672c\u526f\u603b\u88c1\u5c91\u8d5b\u94df\u544a\u8bc9\u8bb0\u8005\uff0c\u5c3d\u7ba1\u963f\u91cc\u5df4\u5df4\u4e0a\u5e02\u5f97\u5230\u4e86\u8d44\u672c\u7684\u9752\u7750\uff0c\u4f46\u5728\u4e2d\u56fd\u9999\u6e2f\u6210\u529f\u4e0a\u5e02\u7684\u6839\u672c\u539f\u56e0\u662f\u80fd\u591f\u5e2e\u52a9\u62d3\u5c55\u591a\u5143\u5316\u7684\u878d\u8d44\u6e20\u9053\uff0c\u5c24\u5176\u662f\u5728\u5168\u7403\u7ecf\u6d4e\u73af\u5883\u4e0d\u786e\u5b9a\u6027\u52a0\u5267\u7684\u80cc\u666f\u4e0b\uff0c\u7740\u624b\u8de8\u5883\u5e02\u573a\u52df\u8d44\u4e5f\u80fd\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u964d\u4f4e\u8d44\u672c\u98ce\u9669\u3002\u6b64\u524d\uff0c\u5927\u91cf\u56fd\u9645\u8d44\u672c\u90fd\u8bd5\u56fe\u505a\u7a7a\u4e2d\u6982\u80a1\uff0c\u963f\u91cc\u5927\u80a1\u4e1cAltaba 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