20200408 \u970d\u8a60\u5f37
\n2.\u9020\u5047\u7684\u5947\u8e5f\uff0c\u745e\u5e78\u5496\u5561\u5d29\u76e4\u4e86\uff01
\n\u5927\u5bb6\u5c0d\u300c\u9020\u5047\u300d\u90fd\u5f88\u611f\u8208\u8da3\uff0c\u90a3\u5c31\u8aaa\u8aaa\u300c\u9020\u5047\u6578\u300d\u3002
\n4\u67082\u65e5\uff0c\u8fd1\u5e74\u4f86\u5728\u4e2d\u570b\u570b\u5167\u8fc5\u901f\u5d1b\u8d77\u7684\u745e\u5e78\u5496\u5561 Luckin (NASDAQ:LK) \u516c\u4f48\uff0c\u7d93\u904e\u8abf\u67e5\u767c\u73fe\uff0c\u5176\u9996\u5e2d\u904b\u71df\u5b98\uff08COO\uff09\u5289\u528d\u4ee5\u53ca\u90e8\u5206\u54e1\u5de5\u507d\u9020\u71df\u904b\u4ea4\u6613\u6578\u64da\u7d043.1\u5104\u5143\u7f8e\u5143\u3002\u516c\u544a\u767c\u8868\u5f8c\uff0c\u745e\u5e78\u5496\u5561\u80a1\u50f9\u5f9e26.2\u7f8e\u5143\u958b\u76e4\u5927\u8dcc\u81f36.4\uff0c\u4e0d\u5230\u4e00\u661f\u671f\u7d2f\u8a08\u4e0b\u8dcc83%\uff0c\u80a1\u50f9\u76ee\u524d\u58314.39\u7f8e\u5143\uff0c\u8ddd\u96e2\u4eca\u5e741\u670817\u65e5\u6700\u9ad8\u50f951\u7f8e\u5143\uff0c\u66f4\u84b8\u767c\u4e86\u4e5d\u6210\u6709\u591a\u3002
\n\u745e\u5e78\u70ba\u4ec0\u9ebc\u8981\u81ea\u7206\uff1f\u5c31\u662f\u9020\u5047\u9020\u592a\u591a\uff0c\u600e\u6a23\u4e5f\u586b\u4e0d\u4e0a\uff0c\u5be9\u8a08\u4e5f\u4e0d\u6562\u5728\u5831\u544a\u4e0a\u7c3d\u540d\u4e86\u3002
\n\u65e9\u57282020\u5e741\u670831\u65e5\uff0c\u570b\u969b\u8ce3\u7a7a\u6a5f\u69cb\u6e3e\u6c34 (Muddy Waters) \u5c31\u767c\u8868\u4e00\u4efd\u5831\u544a\uff0c\u76f4\u6307\u7d93\u904e\u5728\u773e\u591a\u9580\u5e97\u7684\u6df1\u5165\u8abf\u67e5\u5f8c\uff0c\u767c\u73fe\u745e\u5e78\u8a87\u5927\u6536\u5165\u3002\u9019\u4efd\u5831\u544a\u9577\u905489\u9801\uff0c\u6d89\u53ca\u4e0a\u5343\u540d\u8abf\u67e5\u54e1\u7684\u5de5\u4f5c\uff0c\u6536\u96c6\u5169\u842c\u591a\u5f35\u6536\u64da\u6bd4\u5c0d\u5f8c\uff0c\u8a8d\u5b9a\u745e\u5e78\u57282019\u5e74\u7b2c\u4e09\u548c\u7b2c\u56db\u5b63\u5ea6\u7684\u92b7\u552e\u984d\uff0c\u5206\u5225\u4f5c\u5927\u4e8669%\u548c88%\uff0c\u4e26\u4e14\u5c07\u8ca8\u54c1\u552e\u50f9\u6bcf\u4ef6\u8abf\u9ad8\u4e861.23\u5143\uff1b\u5728\u71df\u92b7\u8cbb\u7528\u65b9\u9762\uff0c\u745e\u5e78\u5496\u5561\u5c072019\u5e74\u7b2c\u4e09\u5b63\u5ea6\u7684\u5ee3\u544a\u958b\u652f\u8a87\u5927\u4e86150%\u4ee5\u4e0a\u3002
\n2\u67083\u65e5\uff0c\u745e\u5e78\u5496\u5561\u767c\u8868\u516c\u544a\uff0c\u5805\u6c7a\u5426\u8a8d\u6e3e\u6c34\u6cbd\u7a7a\u5831\u544a\u4e2d\u7684\u6240\u6709\u6307\u63a7\u3002\u5354\u52a9\u4e0a\u5e02\u7684\u5305\u92b7\u6236\u5546\u745e\u58eb\u4fe1\u8cb8\u3001\u4e2d\u91d1\u516c\u53f8\u767c\u5e03\u548c\u6d77\u901a\u570b\u969b\u4e5f\u767c\u8868\u5831\u544a\u7a31\uff0c\u745e\u5e78\u5496\u5561\u56de\u61c9\u4e86\u6e3e\u6c34\u516c\u5e03\u7684\u533f\u540d\u8005\u63d0\u4f9b\u7684\u6cbd\u7a7a\u5831\u544a\uff0c\u53cd\u99c1\u5176\u6307\u63a7\u516c\u53f8\u865b\u589e\u55ae\u5e97\u92b7\u91cf\u3001\u5be6\u969b\u552e\u50f9\u3001\u975e\u73fe\u5236\u98f2\u54c1\u8ca8\u54c1\u6bd4\u4f8b\u4ee5\u53ca\u5ee3\u544a\u8cbb\u7528\u7b49\uff0c\u5c6c\u60e1\u610f\u8aa4\u5c0e\u3002
\n\u4f46\u7531\u65bc\u9020\u5047\u7a0b\u5ea6\u592a\u5927\u3001\u745e\u5e78\u4e5f\u6c92\u6709\u8db3\u5920\u7684\u696d\u7e3e\u7d00\u9304\u4f86\u652f\u6490\uff0c\u7576\u58de\u6d88\u606f\u81e8\u982d\uff0c\u4e5f\u53ea\u80fd\u7531COO \u51fa\u9762\uff0c\u63a5\u4e86\u505a\u5047\u5e33\u7684\u5927\u944a\uff0c\u800c\u8ca0\u8cac\u5be9\u8a08\u5831\u544a\u7684\u5b89\u6c38\uff0c\u4e5f\u8fc5\u901f\u56de\u61c9\u6307\u5728\u5c0d\u745e\u5e78\u5496\u55612019\u5e74\u5e74\u5ea6\u8ca1\u52d9\u5831\u544a\u9032\u884c\u5be9\u8a08\u5de5\u4f5c\u7684\u904e\u7a0b\u4e2d\uff0c\u767c\u73fe\u745e\u5e78\u5496\u5561\u90e8\u5206\u7ba1\u7406\u4eba\u54e1\u57282019\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u81f3\u7b2c\u56db\u5b63\u5ea6\u300c\u9020\u5047\u6578\u300d\u3002
\n\u7d93\u904e\u81ea\u7206\u80a1\u50f9\u63d2\u6c34\u5f8c\u518d\u73fe\u58de\u6d88\u606f\uff0c\u9ad8\u76db\u5411\u5176\u5ba2\u6236\u767c\u4f48\u7684\u4e00\u4efd\u5831\u544a\uff0c\u745e\u5e78\u80a1\u6771\u4ee5\u80a1\u7968\u62b5\u62bc\u7684\u8cb8\u6b3e\u9055\u7d04\uff0c\u8cb8\u6b3e\u4eba\u5f37\u5236\u57f7\u884c\u4e86\u8463\u4e8b\u9577\u9678\u6b63\u8000\u65d7\u4e0b\u7684 Haode Investment Inc \u62b5\u62bc\u76847640\u842c\u80a1\u80a1\u7968\uff0c\u80a1\u4efd\u662f\u7528\u4ee5\u4fdd\u8b49\u4e00\u98055.18\u5104\u7f8e\u5143\u7684\u8cb8\u6b3e\u3002\u6309\u5468\u4e00\u7684\u6536\u76e4\u50f9\uff0c\u9019\u4e9b\u80a1\u4efd\u7684\u50f9\u503c\u50c5\u70ba3.35\u5104\u7f8e\u5143\uff0c\u9ad8\u76db\u9084\u67091.83\u5104\u7f8e\u5143\u7684\u640d\u5931\u3002\u9019\u4e5f\u610f\u5473\u8457\u525b\u5728\u670b\u53cb\u5708\u8aaa\u5b8c\u8981\u300c\u5143\u6c23\u6eff\u6eff\u300d\uff0c\u9760\u795e\u5dde\u5c08\u8eca\u8d77\u5bb6\u7684\u9678\u6b63\u8000\uff0c\u7206\u5009\u4e86\u3002
\n\u4e16\u4e0a\u6c92\u6709\u591a\u5c11\u5947\u8e5f\uff0c\u6240\u4ee5\u7576\u745e\u5e78\u5496\u5561\u7531\u958b\u59cb\u71df\u696d\u5230\u4e0a\u5e02\u4e0d\u5230\u4e00\u5e74\u534a\uff0c\u4ee5\u7834\u7d00\u9304\u7684\u5f62\u5f0f\u5728\u7f8e\u570b\u4e0a\u5e02\uff0c\u4f3c\u4e4e\u5df2\u7d93\u6697\u793a\u4e86\u7576\u4e2d\u7684\u554f\u984c\uff0c\u745e\u5e78\u66fe\u7d93\u63d0\u53ca\u5728\u9999\u6e2f\u4e0a\u5e02\uff0c\u4f46\u5728\u9999\u6e2f\u4e3b\u677f\u4e0a\u5e02\u7684\u689d\u4ef6\u5f88\u591a\uff0c\u5275\u696d\u677f\u4e0d\u6210\u6c23\u5019\uff0c\u4ee5\u745e\u5e78\u6c92\u6709\u696d\u7e3e\u3001\u6c92\u6709\u76c8\u5229\uff0c\u7f8e\u570bNASDAQ\u662f\u552f\u4e00\u7684\u9078\u64c7\u3002
\n\u745e\u5e78\u5496\u5561\u6210\u7acb\u65bc2017\u5e7410\u6708\uff0c\u5275\u59cb\u4eba\u662f\u795e\u5dde\u512a\u8eca\u96c6\u5718COO\u9322\u6cbb\u4e9e\u30022018\u5e741\u6708\uff0c\u745e\u5e78\u5496\u5561\u958b\u59cb\u8a66\u71df\u696d\uff0c\u76ee\u6a19\u662f\u5728\u4e2d\u570b\u6311\u6230\u661f\u5df4\u514b\u3002\u8868\u9762\u770b\u8d77\u4f86\u9084\u662f\u6709\u4e9b\u9053\u7406\u7684\uff0cStarbucks \u66fe\u7d93\u57282000\u5e74\uff0c\u53d7\u9080\u8acb\u5728\u6545\u5bae\u535a\u7269\u9662\u958b\u4e86\u4e00\u5bb6\u5206\u5e97\uff0c\u5f8c\u4f86\u537b\u56e0\u70ba\u88ab\u8a8d\u70ba\u683c\u683c\u4e0d\u5165\uff0c\u5f9e\u6545\u5bae\u64a4\u8d70\uff0c\u5341\u5e74\u5f8c\uff0c\u958b\u696d\u9084\u672a\u6eff\u4e00\u5e74\u7684\u745e\u5e78\uff0c\u5c31\u6210\u529f\u300c\u5165\u5bae\u300d\uff0c\u5f9e\u7121\u4eba\u77e5\u66c9\u6210\u70ba\u6545\u5bae\u552f\u4e00\u5165\u99d0\u7684\u5496\u5561\u54c1\u724c\u3002\u9019\u6642\u5019\uff0c\u745e\u5e78\u5496\u5561\u9580\u5e97\u6578\u91cf\u7a81\u78341000\u5bb6\u3002
\n2019\u5e74\u5e95\uff0c\u745e\u5e78\u5496\u5561\u9580\u5e97\u9054\u52303507\u5bb6\uff0c\u8d85\u8d8a\u661f\u5df4\u514b\uff0c\u6210\u70ba\u4e2d\u570b\u6700\u5927\u7684\u9023\u9396\u5496\u5561\u54c1\u724c\u3002\u4f46\u662f\u745e\u5e78\u8a66\u5716\u7528\u7684\u662f\u79d1\u7db2\u4f01\u696d\u7684\u300c\u71d2\u9322\u300d\u624b\u6cd5\u4f86\u8b93\u5496\u5561\u5e97\u9019\u7a2e\u50b3\u7d71\u4f01\u696d\u8d77\u5bb6\uff0c\u9019\u7a2e\u65b9\u5f0f\u5c31\u9023\u5171\u4eab\u55ae\u8eca\u4e5f\u300c\u4ec6\u76f4\u300d\uff0c\u98f2\u98df\u696d\u53ef\u4ee5\u55ce\uff1f\u771f\u6709\u53ef\u80fd\u5229\u7528\u8cc7\u672c\u904b\u4f5c\uff0c\u64e0\u8d70\u5176\u4ed6\u54c1\u724c\u58df\u65b7\u5e02\u5834\uff0c\u518d\u6a6b\u5411\u64f4\u5c55\u696d\u52d9\uff0c\u5f9e\u800c\u53d6\u5f97\u8c50\u539a\u7684\u5229\u6f64\u55ce\uff1f
\n\u5728\u745e\u5e78\u4e0a\u5e02\u524d\uff0c\u622a\u81f32018\u5e74\u5e95\uff0c\u745e\u5e78\u5496\u5561\u5171\u8ce3\u51fa8500\u842c\u676f\u5496\u5561\uff0c\u55ae\u4e00\u500b\u5b63\u5ea6\uff0c\u745e\u5e78\u5496\u5561\u92b7\u91cf\u6bd4\u524d\u4e09\u500b\u5b63\u5ea6\u7e3d\u6578\u9084\u591a\uff0c\u4f46\u540c\u6642\u9593\uff0c\u7528\u65bc\u88dc\u8cbc\u548c\u6559\u80b2\u5ba2\u6236\u7684\u8cc7\u91d1\u5df2\u9ad8\u905410\u5104\u5143\u4eba\u6c11\u5e63\uff0c\u8667\u640d\u9060\u8d85\u904e8\u5104\u3002\u9322\u6cbb\u4e9e\u7a31\u8667\u640d\u5b8c\u5168\u7b26\u5408\u9810\u671f\uff0c\u63db\u4f86\u7684\u662f\u4e0a\u842c\u53f0\u5c08\u696d\u6a5f\u5668\u548c\u8d85\u904e\u5169\u5343\u5bb6\u9580\u5e97\uff0c\u4e26\u5c07\u6703\u6301\u7e8c\u88dc\u8cbc\uff0c\u4e09\u5e74\u4e94\u5e74\u9577\u671f\u5805\u6301\uff01\u57282018\u5e7412\u6708\u7684B\u8f2a\u878d\u8cc7\u4e2d\u7c4c\u96c6\u4e862\u5104\u7f8e\u5143\uff0c\u7372\u5f97\u4e8622\u5104\u7f8e\u5143\u7684\u4f30\u503c\u3002
\n\u81ea\u6210\u7acb\u4ee5\u4f86\uff0c\u745e\u5e78\u5496\u5561\u4e00\u76f4\u8655\u65bc\u8667\u640d\u72c0\u614b\u3002\u5176\u4e2d\uff1a2017\u5e74\uff0c\u8667\u640d5637\u842c\u5143\uff0c2018\u5e74\uff0c\u8667\u640d16.2\u5104\u5143\uff0c2019\u5e74\u524d\u4e09\u5b63\u5ea6\uff0c\u516c\u53f8\u6de8\u8667\u640d\u8d85\u904e17\u5104\u5143\u3002
\n2019\u5e745\u670817\u65e5\u6b63\u5f0f\u767b\u9678\u7f8e\u570b\u7d0d\u65af\u9054\u514b\uff0c\u745e\u5e78\u4e0a\u5e02\u878d\u8cc7\u7372\u5f976.95\u5104\u7f8e\u5143\uff0c\u7576\u6642\u66f4\u62db\u652c\u4e86\u8c6a\u83ef\u660e\u661f\u5718\u968a\uff0c\u5176\u806f\u5e2d\u5305\u92b7\u5546\u5305\u62ec\u745e\u58eb\u4fe1\u8cb8\u3001\u6469\u6839\u58eb\u4e39\u5229\u3001\u4e2d\u91d1\u516c\u53f8\u548c\u6d77\u901a\u570b\u969b\uff0c\u5be9\u8a08\u6a5f\u69cb\u70ba\u56db\u5927\u884c\u4e4b\u4e00\u7684\u5b89\u6c38\u3002\u6b64\u5916 Frost & Sullivan \u70ba\u5176\u884c\u696d\u9867\u554f\u3002
\n\u7136\u800c\u7121\u8ad6\u591a\u8c6a\u83ef\u7684\u5718\u968a\u90fd\u4f3c\u4e4e\u548c\u9999\u6e2f\u4e09\u3001\u56db\u7dda\u80a1\u4e0a\u5e02\u642d\u68da\u6c92\u6709\u4ec0\u9ebc\u5206\u5225\uff01\u7e3d\u6709\u4eba\u5728\u80cc\u5f8c\u8aaa\u8981\u300c\u505a\u975a\u76e4\u6578\u300d\uff0c\u5c31\u7b97\u6c92\u6709\u662f\u76c8\u5229\uff0c\u4f46\u71df\u696d\u984d\u5fc5\u9808\u8981\u6709\u7206\u70b8\u6027\u4e0a\u5347\uff0c\u540c\u6642\u9593\uff0c\u4e5f\u5fc5\u5b9a\u6709\u8981\u6c42\u8aaa\u7528\u624b\u4e0a\u80a1\u7968\u62b5\u62bc\uff0c\u63db\u53d6\u73fe\u91d1\u9032\u884c\u300c\u6258\u50f9\u300d\u904b\u4f5c\uff0c\u975e\u4f46\u4e0d\u80fd\u4f4e\u65bc\u62db\u80a1\u50f9\uff0c\u6700\u597d\u9084\u662f\u63a8\u4e0a\u65b0\u9ad8\uff0c\u5c24\u5176\u662f\u745e\u5e78\u5728\u4e0a\u5e02\u5f8c\u534a\u5e74\uff0c2020\u5e741\u6708\uff0c\u518d\u5ea6\u5229\u7528\u52a0\u5f37\u7dda\u4e0a\u6a21\u5f0f\u3001\u7121\u4eba\u96f6\u552e\u7b49\u985b\u8986\u50b3\u7d71\u884c\u696d\u7684\u6545\u4e8b\uff0c\u589e\u767c\u80a1\u4efd1380\u842c\u80a1\u52df\u96c6\u8cc7\u91d15.8\u5104\u7f8e\u5143\uff0c\u4e26\u4e14\u901a\u904e\u53ef\u63db\u80a1\u50b5\u5238\u52df\u96c6\u8cc7\u91d14.6\u5104\u7f8e\u5143\u3002
\n\u8981\u767c\u884c\u65b0\u80a1\uff0c\u7576\u7136\u66f4\u8981\u300c\u505a\u975a\u76e4\u6578\u300d\uff0c\u7d50\u679c\u5275\u79d1\u672a\u6210\u5c31\u5148\u843d\u5165\u50b3\u7d71\u300c\u7be4\u6578\u300d\u9677\u9631\u3002
\n\u6d88\u606f\u516c\u5e03\u5f8c\u5167\u5730\u50b3\u5a92\u8d70\u8a2a\u4e86\u6240\u5728\u5730\u7684\u745e\u5e78\u5496\u5561\uff0c\u751f\u610f\u975e\u4f46\u6c92\u53d7\u5f71\u97ff\uff0c\u6709\u7684\u751a\u81f3\u6392\u8d77\u4e86\u9577\u968a\uff0c\u968a\u4f0d\u4e2d\u4e0d\u4e4f\u8001\u5e74\u4eba\u3002\u770b\u4f86\u4e0d\u5c11\u4eba\u662f\u64d4\u5fc3\u88dc\u8cbc\u653f\u7b56\u751f\u8b8a\uff0c\u300c\u64e0\u63d0\u300d\u512a\u60e0\u5238\u7684\u3002\u53cd\u6b63\u8ca1\u52d9\u9020\u5047\uff0c\u5496\u5561\u9084\u662f\u771f\u7684\uff0c\u4f46\u745e\u5e78\u672a\u4f86\u5c31\u96e3\u6599\u4e86\uff1f
\n\u745e\u5e78\u53ef\u80fd\u9762\u81e8\u4f86\u81ea\u6295\u8cc7\u8005\u7684\u5de8\u984d\u96c6\u9ad4\u8a34\u8a1f\uff0c\u745e\u5e78\u4e0a\u5e02\u9084\u4e0d\u5230\u4e00\u5e74\uff0c\u6700\u9ad8\u50f9\u9084\u5728\u5e74\u521d\uff0c\u4e8b\u767c\u5f8c\u4f4e\u50f9\u70ba\u6bcf\u80a14.39\u7f8e\u5143\uff0c\u4ee5\u516c\u53f8\u6700\u65b0\u7e3d\u80a1\u6578\u70ba2.4\u5104\uff0c\u7c97\u7565\u4f30\u8a08\u4e00\u65e6\u9762\u81e8\u96c6\u9ad4\u8a34\u8a1f\uff0c\u745e\u5e78\u5c07\u9762\u81e8\u9ad8\u9054111\u5104\u7f8e\u5143\u8ce0\u511f\u3002\u7f8e\u570b\u53f8\u6cd5\u90e8\u751a\u81f3\u6703\u5c0d\u516c\u53f8\u4ee5\u53ca\u76f8\u95dc\u4eba\u58eb\u7684\u5211\u4e8b\u8abf\u67e5\uff0c\u96c6\u9ad4\u8a34\u8a1f\u548c\u7f70\u6b3e\u53ef\u80fd\u6703\u5c0e\u81f4\u516c\u53f8\u50be\u5bb6\u8569\u7522\u3002
\n\u7562\u7adf\u7f8e\u570b\u6700\u53b2\u5bb3\u7684\uff0c\u7576\u7136\u662f\u91d1\u878d\u6280\u5006\uff0c\u52a0\u4e0a\u5f8b\u5e2b\u5718\u968a\uff0c\u53ef\u8b02\u7121\u5f80\u800c\u4e0d\u5229\u3002\u9678\u6b63\u8000\u60f3\u8981\u5f9e\u7f8e\u570b\u4eba\u624b\u4e2d\u6488\u9322\uff0c\u6050\u6015\u662f\u8981\u5148\u5410\u8840\u4e86\uff01
\n