More than 68% of freshwater on the Earth is trapped in the form of icebergs and glaciers in the Arctic and Antarctic regions. Nearly 30.90% is present in the form of underground water, which exists between rocks and the soil surface. Around 0.4% of freshwater is present as surface freshwater in the form of lakes, rivers, and wetlands. These include various water springs and other small freshwater resources, like ponds and reservoirs. Almost all of the Earth's water is saline and is inconsumable directly. From the small amount of freshwater, a relatively small portion is available to sustain human, plant, and animal life. Freshwater is vital for a majority of biological organisms. It is estimated that less than 0.01% of the freshwater available on the Earth is found in lakes, swamps, and rivers. Other freshwater sources, such as glaciers and underground water, contribute to around 2.5% of the world’s water content. Freshwater, even though abundantly available, is a limited resource to humanity and the environment. The increasing need for mechanization and food safety led to excessive usage of the available freshwater resources in the past century. This has created an ecological imbalance, as the wastewater produced from agriculture, industrial processes, and sewage water was discarded into freshwater resources.

中美云计算巨头 Q1 业绩表现突出，全球市场（IaaS+PaaS）Q1 规模为 290 亿美元（同比+37%），AWS、微软商业云新增订单依然维持强劲，运营效率 改善、规模效应凸显等亦不断推升主要云厂商盈利水平。边缘计算、协同办公 &视频会议、PaaS 能力（信息安全、AI/ML/HPC、数据汇聚&流通、业务流程 自动化）正成为现阶段北美云厂商阶段性的产品重点。考虑到自然“产能消化” 周期，我们判断本轮北美云厂商资本支出上行周期将在 Q3 后面临较大不确定 性，而国内市场相对更具韧性。一线云计算巨头以及云计算产业链上游的核心 芯片、IDC、设备厂商均具有长周期配置价值。持续推荐微软、亚马逊、阿里 巴巴、腾讯、英伟达、EQIX 等。

2017年，公司收购BAMTech，持股比例达42%，正式开启流媒体业务；2018年，公司上线ESPN+流媒体服务；2019年，Disney+登陆北美，并陆续在欧洲与亚太地区上线；2020年，公司深度整合Hulu运营，完善流媒体矩阵。

从营收规模来看，2020年一季度中国区收入占比72%，北美和英国区以19%和2%的收入占比分列其后，其余地区（含印度和巴西在内）仅贡献7%的收入；TikTok仍有进一步提升海外营运变现的空间。

5月22日阿里巴巴集团（BABA.N）发布了2020财年业绩，阿里云年收入破400亿元，比上 一年度247亿收入跃升62%，业绩强劲的阿里云推动阿里巴巴估值上涨。目前阿里云已经 成为亚太地区最大的云计算服务商，位列全球第三。

中小企业经营压力大：报告显示，31%的中小企业已经暂停经营；在预测未来数月的运营 情况时，28%的中小企业称压力将主要来自于现金流，20%的中小企业称需求量不足将会 是首要问题

我们通过建立卫星大数据模型，尝试对全球各类经济活动的高频数据进行捕捉和 大数据建模分析（包括但不仅限于海陆空交通运输，城市排放强度，能源油气进 出口，各类消费品需求变化等），试图在纷乱庞杂的信息流中挖掘出能够有效辅 助投资者进行决策的关键趋势。