{"id":33763,"date":"2024-03-20T08:27:02","date_gmt":"2024-03-20T08:27:02","guid":{"rendered":"https:\/\/glg.tempsite.space\/articles\/new-changes-vc-pe-consumer-2024\/"},"modified":"2025-03-18T11:16:59","modified_gmt":"2025-03-18T15:16:59","slug":"new-changes-vc-pe-consumer-2024","status":"publish","type":"insight-article","link":"https:\/\/glginsights.com\/zh-hans\/articles\/new-changes-vc-pe-consumer-2024\/","title":{"rendered":"GLG \u6d1e\u89c1\uff5c\u5c55\u671b 2024\uff1a VC\/PE \u6d88\u8d39\u8d5b\u9053\u65b0\u53d8\u5c40"},"content":{"rendered":"

\u56de\u987e\u8fc7\u53bb\u51e0\u5e74\uff0c\u4e2d\u56fd\u5e02\u573a\u7684<\/span> VC\u3001PE <\/span>\u5728\u6d88\u8d39\u8d5b\u9053\u4e0a\u7ecf\u5386\u4e86\u8bf8\u591a\u53d8\u5316\u3002<\/span>2016 <\/span>\u5230<\/span> 2018 <\/span>\u751a\u81f3<\/span> 2019 <\/span>\u5e74\uff0c\u5c5e\u4e8e<\/span> VC\u3001PE <\/span>\u76f8\u5bf9\u6d3b\u8dc3\u7684\u9636\u6bb5\uff0c\u6574\u4e2a\u6d3b\u8dc3\u9636\u6bb5\u5ef6\u7eed\u5230\u4e86<\/span> 2021 <\/span>\u4e0a\u534a\u5e74\u3002\u800c\u4ece<\/span> 2021 <\/span>\u4e0b\u534a\u5e74\u5f00\u59cb\u76f4\u5230\u76ee\u524d\uff0c\u6574\u4e2a\u6d88\u8d39\u8d5b\u9053\u7684\u6295\u8d44\u5219\u8fdb\u5165\u9010\u6e10\u53d8\u51b7\u7684\u72b6\u6001\uff0c\u5904\u5728\u660e\u663e\u7684\u4f4e\u8c37\u671f\u3002<\/span>\u00a0<\/span><\/p>\n

\u5982\u4f55\u770b\u5f85<\/span> 2023 <\/span>\u5e74\u6d88\u8d39\u8d5b\u9053\u5e02\u573a\u4e0b\u6ed1\u7684\u539f\u56e0\uff1f\u4ece<\/span> 2023 <\/span>\u5e74\u7684\u91cd\u70b9\u52df\u96c6\u6848\u4f8b\u4e2d\uff0c\u80fd\u770b\u51fa\u600e\u6837\u7684\u5e02\u573a\u6295\u8d44\u8d8b\u52bf\uff1f<\/span>2024 <\/span>\u5e74\u7684\u6295\u8d44\u8d8b\u52bf\u548c\u7ec6\u5206\u8d5b\u9053\u524d\u666f\u662f\u600e\u6837\u7684\uff1f\u9488\u5bf9\u8fd9\u4e9b\u4e3b\u9898\uff0c<\/span>GLG\u00a0 <\/span><\/b>\u683c\u7406\u96c6\u56e2\u9080\u8bf7\u5230\u4e13\u5bb6\u56e2\u6210\u5458\uff0c\u6d59\u6c5f\u5929\u4f7f\u6e7e\u521b\u4e1a\u6295\u8d44\u6709\u9650\u516c\u53f8\u5408\u4f19\u4eba\u8c2d\u5fd7\u65fa\u5148\u751f\u8fdb\u884c\u5168\u9762\u89e3\u6790<\/span><\/b>\u3002\u4ee5\u4e0b\u4e3a\u7cbe\u9009\u6458\u8981\u3002<\/span>\u00a0<\/span><\/p>\n

\n

Q1. \u5982\u4f55\u770b\u5f85\u8fc7\u53bb\u4e00\u5e74<\/span><\/b>\u6d88\u8d39\u8d5b\u9053\u4e0b\u6ed1\uff1f<\/span><\/b>\u00a0<\/span><\/h1>\n

\u8c2d\u5fd7\u65fa\uff1a<\/span><\/b>\u76ee\u524d\u6574\u4e2a\u8d5b\u9053\u8fd8\u662f\u6bd4\u8f83\u51b7\u3002\u4e3b\u8981\u539f\u56e0\u5982\u4e0b\uff1a<\/span>\u00a0<\/span><\/p>\n

    \n
  1. \u6574\u4e2a\u6d88\u8d39\u8d5b\u9053\u7684\u8d44\u91d1\u4f9b\u7ed9\u53d7\u5230\u9650\u5236<\/span><\/b>\u2014\u2014<\/span>\u7531\u4e8e\u4e2d\u56fd\u7684\u4eba\u6c11\u5e01\u57fa\u91d1\u51fa\u8d44\u4e3b\u4f53\u5927\u90e8\u5206\u6765\u81ea\u653f\u5e9c\u3001\u56fd\u6709\u6216\u56fd\u8d44\u7c7b\u7684\u673a\u6784\u548c\u8d44\u91d1\uff0c<\/span>\u5176\u6295\u8d44\u98ce\u5411\u5c06\u53d7\u5230\u653f\u7b56\u7684\u5f15\u5bfc<\/span><\/b>\u3002\u4ece\u4e2d\u592e\u5230\u5730\u65b9\u5404\u7ea7\u653f\u5e9c\uff0c\u653f\u7b56\u6587\u4ef6\u591a\u662f\u9f13\u52b1\u65b0\u5174\u5236\u9020\u4e1a\u3001\u65b0\u80fd\u6e90\u3001\u79d1\u6280\u7b49\u4ea7\u4e1a\uff0c\u800c\u6d88\u8d39\u9886\u57df\u53d7\u5230\u653f\u7b56\u660e\u786e\u652f\u6301\u7684\u60c5\u51b5\u76f8\u5bf9\u5c11\u89c1\u3002\u5c3d\u7ba1\u90e8\u5206\u5730\u65b9\u653f\u5e9c\u4f1a\u7ed3\u5408\u672c\u5730\u60c5\u51b5\u51fa\u53f0\u6d88\u8d39\u4ea7\u4e1a\u76f8\u5173\u7684\u653f\u7b56\u3001\u4e5f\u6709\u4e00\u4e9b\u4ea7\u4e1a\u76f8\u5173\u7684\u56fd\u8d44\u4f01\u4e1a\u7ee7\u7eed\u5728\u8be5\u9886\u57df\u6295\u8d44\uff0c\u4f46\u6570\u91cf\u548c\u8d44\u91d1\u5728\u5927\u76d8\u4e2d\u5360\u6bd4\u8f83\u4f4e\u3002\u540c\u65f6\uff0c\u53d7\u5230\u7ecf\u6d4e\u73af\u5883\u5f71\u54cd\uff0c\u4e00\u4e9b<\/span>\u6d88\u8d39\u9886\u57df\u7684\u4e0a\u5e02\u516c\u53f8\u6216\u4ea7\u4e1a\u5bf9\u4e8e\u6295\u8d44\u8c28\u614e\u4e14\u4fdd\u5b88<\/span><\/b>\uff0c\u5373\u4f7f\u62e5\u6709\u8d44\u91d1\u91cf\u4e5f\u5e76\u6ca1\u6709\u8fdb\u884c\u79ef\u6781\u8fdb\u573a\u3002<\/span>\u00a0<\/span><\/li>\n<\/ol>\n
      \n
    1. \u6d88\u8d39\u7c7b\u4f01\u4e1a\u5728<\/span><\/b> A <\/span><\/b>\u80a1\u7684<\/span><\/b> IPO <\/span><\/b>\u9000\u51fa<\/span><\/b>\u2014\u2014<\/span>2022 <\/span>\u5e74\u5e95\u5230<\/span> 2023 <\/span>\u5e74\u521d\uff0c\u5e02\u573a\u4f20\u95fb<\/span> A <\/span>\u80a1\u7684\u9ec4\u7eff\u706f\u653f\u7b56\u5bf9\u4e8e\u6d88\u8d39\u4f01\u4e1a\u4e0a\u5e02\u6301\u4e0d\u9f13\u52b1\u6001\u5ea6\u3002\u5c3d\u7ba1\u76d1\u7ba1\u90e8\u95e8\u6ca1\u6709\u5bf9\u8be5\u4f20\u95fb\u505a\u56de\u5e94\u548c\u7ed3\u8bba\uff0c\u4f46<\/span>\u5f88\u591a\u6d88\u8d39\u7c7b\u4f01\u4e1a\u64a4\u56de\u4e86<\/span><\/b> IPO <\/span><\/b>\u7533\u62a5\u6750\u6599<\/span><\/b>\u3002\u5728\u8fc7\u53bb\u7684\u4e00\u5e74\u4e2d\uff0c<\/span>A<\/span>\u80a1\u786e\u5b9e\u6ca1\u6709\u6d88\u8d39\u9886\u57df\u7684\u516c\u53f8\u4e0a\u5e02\u3002\u4e0e\u6b64\u540c\u65f6\uff0c<\/span>\u6e2f\u80a1\u6210\u4e3a\u4e86\u4e0a\u5e02\u9000\u51fa\u540e\u7684\u51fa\u53e3<\/span><\/b>\uff0c\u4e00\u4e9b\u6d88\u8d39\u9886\u57df\u7684\u516c\u53f8\uff0c\u5982\u5341\u6708\u7a3b\u7530\u3001\u767e\u679c\u56ed\u3001\u73cd\u9152\u3001\u9505\u5708\u3001\u71d5\u4e4b\u5c4b\u7b49\uff0c\u6210\u529f\u5728\u9999\u6e2f\u4e0a\u5e02\u3002\u4f46\u6e2f\u80a1\u8d44\u91d1\u7d27\u7f3a\uff0c\u4f01\u4e1a\u4e0a\u5e02\u540e\u5e02\u503c\u548c\u6d41\u52a8\u6027\u901a\u5e38\u4f4e\u4e8e\u9884\u671f\u3002<\/span>\u00a0<\/span><\/li>\n<\/ol>\n
        \n
      1. \u4ece\u6295\u8d44\u3001\u7533\u62a5\u5230\u4e0a\u5e02\u9700\u8981\u4e00\u5b9a\u5468\u671f<\/span><\/b>\u2014\u2014<\/span>2018 <\/span>\u5e74\u5230<\/span> 2021 <\/span>\u5e74\u671f\u95f4\uff0c\u5927\u91cf\u6295\u8d44\u673a\u6784\u6295\u4e86\u6d88\u8d39\u8d5b\u9053\uff0c\u5176\u4e2d\u6709\u4e00\u6279\u975e\u5e38\u6210\u529f\uff0c\u5305\u62ec\u4e00\u4e9b\u8336\u996e\u3001\u5496\u5561\u9886\u57df\u7684\u516c\u53f8\u3002\u8fd9\u4e9b\u516c\u53f8\u8fd8\u5728\u9646\u7eed\u63d0\u4ea4\u6e2f\u80a1\u7533\u62a5\u7684\u8fc7\u7a0b\u4e2d\uff0c\u53ef\u80fd\u5c06\u5728<\/span> 2024 – 2025 <\/span>\u5e74\u4e0a\u5e02\u3002\u6295\u8d44\u516c\u53f8\u6b63\u5728\u7b49\u5f85\u8fd9\u6279\u6d88\u8d39\u7c7b\u516c\u53f8\u4e0a\u5e02\u540e\u7684\u56de\u62a5\uff0c\u800c<\/span> A <\/span><\/b>\u80a1\u7684\u9650\u5236\u548c\u6e2f\u80a1\u5728\u8d44\u91d1\u7d27\u7f3a\u65b9\u9762\u7684\u5f31\u52bf\uff0c\u62c9\u957f\u4e86\u4e0a\u4e00\u5468\u671f\u7684\u9879\u76ee\u4e0a\u5e02\u548c\u9000\u51fa<\/span><\/b>\u3002<\/span>\u00a0<\/span><\/li>\n<\/ol>\n

        \u00a0<\/span><\/p>\n

        Q2. \u56de\u987e\u53bb\u5e74\uff0c<\/span><\/b>\u6d88\u8d39\u5e02\u573a\u7684\u6295\u8d44\u8d8b\u52bf\u662f\u600e\u6837\u7684\uff1f<\/span><\/b>\u00a0<\/span><\/h1>\n

        \u8c2d\u5fd7\u65fa\uff1a<\/span><\/b> 2023 <\/span>\u5e74\u662f\u6574\u4e2a\u5e02\u573a\uff0c\u7279\u522b\u662f\u6d88\u8d39\u8d5b\u9053\u6df7\u6c8c\u7684\u4e00\u5e74\u3002\u5927\u90e8\u5206\u6295\u8d44\u673a\u6784\u6ca1\u6709\u6e05\u6670\u7684\u4e3b\u9898\u548c\u65b9\u5411\uff0c\u9700\u8981\u4e00\u76f4\u6478\u7d22\u3002\u4f46\u7ed3\u5408\u5177\u4f53\u843d\u811a\u70b9\u6765\u770b\uff0c\u53d7\u5173\u6ce8\u7684\u5177\u4f53\u4ea7\u4e1a\u6709\u51e0\u4e2a\u65b9\u5411\uff1a<\/span>\u00a0<\/span><\/p>\n

          \n
        • \u6d88\u8d39\u54c1\u51fa\u6d77<\/span><\/b>\u2014\u2014<\/span>\u51fa\u6d77\u4e0d\u662f\u4e00\u4e2a\u5177\u4f53\u7684\u8d5b\u9053\uff0c\u800c\u662f\u4e0e\u51e0\u4e4e\u6240\u6709\u54c1\u7c7b\u90fd\u6709\u7ed3\u5408\uff0c\u662f\u4e00\u4e2a\u5927\u7684\u4e3b\u9898\u65b9\u5411\u3002\u51fa\u6d77\u6d89\u53ca\u7684\u5730\u533a\u5305\u542b\uff1a\u7f8e\u56fd\u3001\u4e2d\u4e1c\u3001\u6b27\u6d32\u3001\u4e1c\u5357\u4e9a\u7b49\uff0c\u4ea7\u54c1\u65b9\u5411\u4e5f\u5f88\u591a\u3002<\/span>\u00a0<\/span><\/li>\n
        • \u6d88\u8d39\u7535\u5b50\u7c7b<\/span><\/b>\u2014\u2014<\/span>\u4e0e\u79d1\u6280\u76f8\u5173\u7684\u6d88\u8d39\uff0c\u5982\u626b\u5730\u673a\u5668\u4eba\u3002\u6574\u4f53\u6765\u770b\uff0c<\/span> 2023 <\/span>\u5e74\u8fd9\u4e2a\u9886\u57df\u6ca1\u6709\u5904\u4e8e\u884c\u4e1a\u7684\u8c03\u6574\u671f\u3002<\/span>\u00a0<\/span><\/li>\n
        • \u9884\u5236\u83dc<\/span><\/b>\u2014\u2014<\/span>\u8be5\u884c\u4e1a\u7684\u5e02\u573a\u5173\u6ce8\u9762\u5f88\u591a\uff0c\u4f46\u5b9e\u9645\u6295\u8d44\u4e0b\u6765\u7684\u4f01\u4e1a\u548c\u8d44\u91d1\u5e76\u4e0d\u591a\uff0c\u4e14\u521b\u4e1a\u4f01\u4e1a\u7684\u4f53\u91cf\u3001\u5bb9\u7eb3\u7684\u8d44\u91d1\u7b49\u65b9\u9762\u90fd\u6bd4\u8f83\u5c0f\u3002\u9884\u5236\u83dc\u884c\u4e1a\u4e2d\u7684\u504f\u5927\u578b\u4f01\u4e1a\uff0c\u8d44\u91d1\u89c4\u6a21\u53ef\u80fd\u53ea\u6709\u51e0\u4ebf\u5230\u5341\u4ebf\u5de6\u53f3\u3002<\/span>\u00a0<\/span><\/li>\n
        • \u6298\u6263\u96f6\u552e<\/span><\/b>\u2014\u2014<\/span>\u8be5\u884c\u4e1a\u5728<\/span> 2023 <\/span>\u5e74\u5b8c\u6210\u4e86\u4e2d\u56fd\u4e00\u4e8c\u7ea7\u5e02\u573a\u5178\u578b\u7684\u5feb\u901f\u53d1\u5c55\u3002\u5728\u5e02\u573a\u5f62\u52bf\u53d8\u5316\u4e0b\u3001\u6d88\u8d39\u9886\u57df\u4e0a\u5e02\u901a\u9053\u5173\u95ed\u540e\uff0c\u6709\u4e9b\u4f01\u4e1a\u5728\u4e00\u5e74\u5185\u5c31\u5b9e\u73b0\u4e86\u5feb\u901f\u589e\u957f\u3001\u878d\u8d44\u3001\u88ab\u5e76\u8d2d\u6574\u5408\u7684\u8fc7\u7a0b\u3002<\/span>\u00a0<\/span><\/li>\n<\/ul>\n

          \u00a0<\/span><\/p>\n

          Q3. 2024 <\/span><\/b>\u5e74\u7684\u6295\u8d44\u6709\u54ea\u4e9b\u524d\u666f\u548c\u673a\u9047\uff1f<\/span><\/b>\u00a0<\/span><\/h1>\n

          \u8c2d\u5fd7\u65fa\uff1a<\/span><\/b>\u5728\u6295\u8d44\u7ec6\u5206\u8d5b\u9053\u91cc\uff0c\u6211\u4e2a\u4eba\u89c9\u5f97\u6709\u4e24\u4e2a\u65b9\u5411\u503c\u5f97\u5173\u6ce8\u3002<\/span>\u00a0<\/span><\/p>\n

          \u9996\u5148\uff0c<\/span>\u56fd\u5185\u5e02\u573a\u6e20\u9053\u7684\u521b\u4e1a\u6295\u8d44\u548c\u5e76\u8d2d\u6574\u5408<\/span><\/b>\u3002\u6e20\u9053\u662f\u673a\u4f1a\uff0c\u8d5b\u9053\u5de8\u5927\uff0c\u5bf9\u8d44\u91d1\u7684\u627f\u8f7d\u91cf\u4e5f\u5f88\u5e9e\u5927\u3002\u8fc7\u53bb\u7684\u4e8c\u4e09\u5341\u5e74\u4e2d\uff0c\u8d5b\u9053\u6709\u51e0\u6b21\u5de8\u5927\u53d8\u5316\uff0c\u4ece<\/span> 15 – 20 <\/span>\u5e74\u524d\u7684\u7ebf\u4e0b\u5546\u8d85\u5356\u573a\uff0c\u5230\u4e92\u8054\u7f51\u4e0e\u79fb\u52a8\u4e92\u8054\u7f51\u7535\u5546\uff0c\u518d\u5230<\/span> 2021 <\/span>\u5e74\u540e\u7535\u5546\u65f6\u4ee3\u4e0b\u7684\u7ebf\u4e0b\u6e20\u9053\u3002\u7531\u4e8e\u7ebf\u4e0b\u6e20\u9053\u5360\u6bd4\u5927\u5374\u8001\u5316\u4e25\u91cd\uff0c\u5728\u7535\u5546\u548c\u79d1\u6280\u7684\u52a9\u529b\u4e0b\uff0c\u8fd1\u51e0\u5e74<\/span>\u4f20\u7edf\u5546\u8d85\u96f6\u552e\u5f00\u59cb\u5411\u6298\u6263\u96f6\u552e\u8f6c\u578b<\/span><\/b>\u3002\u5e02\u573a\u4e0a\u51fa\u73b0\u4e86\u4e00\u6279\u5feb\u901f\u589e\u957f\u7684\u521b\u4e1a\u578b\u6298\u6263\u96f6\u552e\u516c\u53f8\uff0c\u4e5f\u6709\u4e00\u4e9b\u8001\u724c\u516c\u53f8\u6b63\u5728\u5f80\u8fd9\u4e2a\u65b9\u5411\u6539\u53d8\u3002\u6bd4\u5982\uff0c\u76d2\u9a6c\u5c31\u662f\u662f\u5178\u578b\u4f20\u7edf\u7684\u65b0\u96f6\u552e\u5411\u6298\u6263\u5e97\u8f6c\u578b\uff0c\u8fd9\u662f<\/span> 2023 <\/span>\u5e74\u4e0b\u534a\u5e74\u53d1\u751f\u7684\u4e8b\u60c5\u3002\u800c\u521b\u4e1a\u578b\u516c\u53f8\u5219\u6709\u50cf\u96f6\u98df\u5f88\u5fd9\u6216\u5965\u7279\u4e50\u8fd9\u6837\u7684\u4f8b\u5b50\u3002<\/span>\u00a0<\/span><\/p>\n

          \u518d\u8005\uff0c<\/span>\u6d88\u8d39\u54c1\u7684\u51fa\u6d77\uff0c\u5305\u62ec\u96f6\u552e\u3001\u9910\u996e\u3001\u6d88\u8d39\u54c1\uff0c\u751a\u81f3\u662f\u6e20\u9053\u7684\u51fa\u6d77<\/span><\/b>\u3002\u4e2d\u56fd\u7684\u4f01\u4e1a\u3001\u4eba\u53e3\u6b63\u5728\u5411\u6d77\u5916\u5e02\u573a\u6e17\u900f\u3002\u4ee5\u4e1c\u5357\u4e9a\u5e02\u573a\u4e3a\u4f8b\uff0c\u5f88\u591a\u4e2d\u56fd\u54c1\u724c\u53ef\u5728\u6d77\u5916\u7684\u8d85\u5e02\u4e2d\u666e\u904d\u51fa\u73b0\uff0c\u5982\u536b\u9f99\u3001\u7518\u6e90\u3001\u5143\u6c14\u68ee\u6797\u3001\u5eb7\u5e08\u5085\u7b49\u3002\u8fd9\u4e9b\u54c1\u724c\u5728\u6709\u534e\u4eba\u5c45\u4f4f\u7684\u5730\u533a\u6e17\u900f\u7387\u3001\u666e\u53ca\u5ea6\u548c\u63a5\u53d7\u5ea6\u975e\u5e38\u9ad8\u3002\u9664\u6b64\u4ee5\u5916\uff0c\u4e2d\u56fd\u6d88\u8d39\u54c1\u7684<\/span>\u4ea7\u54c1\u672c\u8eab\uff0c\u5305\u62ec\u54c1\u8d28\u3001\u5305\u88c5\u3001\u5ba1\u7f8e\u53ca\u4ea7\u4e1a\u94fe\uff0c\u5728\u5f53\u5730\u90fd\u6709\u5f88\u5927\u7ade\u4e89\u529b<\/span><\/b>\u3002\u540c\u65f6\uff0c\u8336\u996e\u54c1\u724c\u5982\u871c\u96ea\u51b0\u57ce\u5df2\u5728\u6d77\u5916\u5e02\u573a\u94fa\u8bbe\uff0c\u800c\u5f88\u591a\u54c1\u724c\u8fd8\u6ca1\u6709\u89c4\u6a21\u5316\u51fa\u6d77\uff0c\u8fd9\u91cc\u6709\u5f88\u591a\u60f3\u8c61\u7a7a\u95f4\u3002\u5728\u6e20\u9053\u65b9\u9762\uff0c\u4e1c\u5357\u4e9a\u7684\u4e00\u4e9b\u8fde\u9501\u6e20\u9053\u6574\u4f53\u7ecf\u8425\u6c34\u5e73\u8f83\u4f4e\u3002\u76f8\u8f83\u4e4b\u4e0b\uff0c\u5927\u9646\u7684\u8fde\u9501\u5316\u3001\u4f9b\u5e94\u94fe\u3001\u4ea7\u4e1a\u5316\u90fd\u6709\u9886\u5148\u8d8b\u52bf\u3002<\/span>\u00a0<\/span><\/p>\n

          \n

          \u5173\u4e8e\u4f5c\u8005<\/span><\/b>\u00a0<\/span><\/p>\n

          \u8c2d\u5fd7\u65fa\uff0c<\/span><\/b> 2023 <\/span><\/b>\u5e74<\/span><\/b> 9 <\/span><\/b>\u6708\u81f3\u4eca\uff0c\u5728\u6d59\u6c5f\u5929\u4f7f\u6e7e\u521b\u4e1a\u6295\u8d44\u6709\u9650\u516c\u53f8\u62c5\u4efb\u5408\u4f19\u4eba\u3002<\/span><\/b>\u8be5\u4f01\u4e1a\u662f\u4e00\u5bb6\u4ece\u4e8b\u8d44\u672c\u5e02\u573a\u670d\u52a1\u4e3a\u4e3b\u7684\u4f01\u4e1a\u3002<\/span>2021 <\/span>\u5e74<\/span> 9 <\/span>\u6708\u81f3<\/span> 2023 <\/span>\u5e74<\/span> 8 <\/span>\u6708\uff0c\u5728\u6c5f\u82cf\u65e0\u8fdc\u5f17\u5c4a\u79c1\u52df\u57fa\u91d1\u7ba1\u7406\u6709\u9650\u516c\u53f8\uff08\u65e0\u5c4a\u521b\u65b0\u8d44\u672c\uff09\u62c5\u4efb\u5408\u4f19\u4eba\u3002\u8c2d\u5148\u751f\u66fe\u53c2\u4e0e\u6295\u8d44\u7684\u90e8\u5206\u9879\u76ee\u6709\uff1a\u8d1f\u8d23\u6295\u8d44\u52b2\u4ed4\u98df\u54c1\uff0c\u6295\u8d44\u91d1\u989d<\/span> 3 <\/span>\u4ebf\u5143\uff0c\u5e76\u534f\u52a9\u8be5\u9879\u76ee\u5728\u56fd\u5185<\/span> A <\/span>\u80a1\u5b9e\u73b0<\/span> IPO<\/span>\uff0c\u73b0\u516c\u53f8\u5e02\u503c\u8fd1<\/span>50<\/span>\u4ebf\u5143\uff1b\u8d1f\u8d23\u53c2\u4e0e\u6295\u8d44\u8c0a\u54c1\u751f\u9c9c<\/span>3<\/span>\u4ebf\u5143<\/span>+<\/span>\uff0c\u8be5\u54c1\u724c\u5df2\u6210\u957f\u4e3a\u56fd\u5185\u5934\u90e8\u751f\u9c9c\u8fde\u9501\u4f01\u4e1a\uff1b\u8d1f\u8d23\u53c2\u4e0e\u6295\u8d44\u53e4\u8317\u8336\u996e\u9879\u76ee<\/span>4<\/span>\u4ebf<\/span>+<\/span>\uff0c\u8be5\u54c1\u724c\u5df2\u6210\u4e3a\u56fd\u5185\u5934\u90e8\u8336\u996e\u8fde\u9501\u54c1\u724c\u3002<\/span>\u00a0<\/span><\/p>\n

          \u00a0<\/span><\/p>\n

          GLG <\/span><\/b>\u683c\u7406\u96c6\u56e2<\/span><\/b>\u81f4\u529b\u4e8e\u6253\u9020\u5168\u7403\u77e5\u8bc6\u5e73\u53f0\uff0c\u4e3a\u9700\u8981\u4e13\u4e1a\u6d1e\u89c1\u7684\u5546\u4e1a\u51b3\u7b56\u8005\u5339\u914d\u5177\u6709\u4e00\u624b\u7ecf\u9a8c\u7684\u884c\u4e1a\u4e13\u5bb6\uff0c\u52a9\u529b\u4ed6\u4eec\u4ee5\u66f4\u52a0\u660e\u786e\u7684\u76ee\u6807\u548c\u575a\u5b9a\u7684\u4fe1\u5fc3\u505a\u51fa\u51b3\u7b56\u3002\u5982\u679c\u60a8\u60f3\u4e0e\u5305\u62ec\u8c2d\u5148\u751f\u5728\u5185\u7684<\/span> GLG <\/span>\u4e13\u5bb6\u5e93\u7ea6<\/span> 100 <\/span>\u4e07\u4e13\u5bb6\u4e2d\u7684\u4efb\u4f55\u4e00\u4f4d\u4ea4\u8c08\uff0c\u8bf7<\/span>\u4e0e\u6211\u4eec\u8054\u7cfb<\/span>\u3002<\/span>\u00a0<\/span><\/p>\n

          *\u4ee5\u4e0a\u5206\u6790\u4ec5\u4ee3\u8868\u4e13\u5bb6\u4e2a\u4eba\u89c2\u70b9\uff0c\u683c\u7406\u96c6\u56e2\u4e0d\u4e88\u7f6e\u8bc4\u6216\u80cc\u4e66\uff0c\u5e76\u4e0d\u8d1f\u8d23\u6587\u7ae0\u4e2d\u6240\u6d89\u89c2\u70b9\u7684\u771f\u5b9e\u6027\u3001\u5173\u8054\u6027\u6216\u5b8c\u6574\u6027\u3002\u00a0<\/em><\/p>\n","protected":false},"author":9,"featured_media":20452,"template":"","insight-type":[1734],"insights-tag":[1430],"insights-category":[974],"class_list":["post-33763","insight-article","type-insight-article","status-publish","has-post-thumbnail","hentry","insight-type-articles","insights-tag-fmcg","insights-category-974"],"_links":{"self":[{"href":"https:\/\/glginsights.com\/zh-hans\/wp-json\/wp\/v2\/insight-article\/33763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glginsights.com\/zh-hans\/wp-json\/wp\/v2\/insight-article"}],"about":[{"href":"https:\/\/glginsights.com\/zh-hans\/wp-json\/wp\/v2\/types\/insight-article"}],"author":[{"embeddable":true,"href":"https:\/\/glginsights.com\/zh-hans\/wp-json\/wp\/v2\/users\/9"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glginsights.com\/zh-hans\/wp-json\/wp\/v2\/media\/20452"}],"wp:attachment":[{"href":"https:\/\/glginsights.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=33763"}],"wp:term":[{"taxonomy":"insight-type","embeddable":true,"href":"https:\/\/glginsights.com\/zh-hans\/wp-json\/wp\/v2\/insight-type?post=33763"},{"taxonomy":"insights-tag","embeddable":true,"href":"https:\/\/glginsights.com\/zh-hans\/wp-json\/wp\/v2\/insights-tag?post=33763"},{"taxonomy":"insights-category","embeddable":true,"href":"https:\/\/glginsights.com\/zh-hans\/wp-json\/wp\/v2\/insights-category?post=33763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}