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The popularity of the new M7 continues, and a tit-for-tat new energy luxury SUV "price war" has officially started.

On October 15, AITO asked the world to announce that the new M7 listed on the market in the first month of the big order has exceeded 60,000 orders. At present, the Sailis factory has added production shifts, 22 hours of continuous production every day and opened the double shift operation mechanism. In the live broadcast of the factory, Yu Chengdong, chairperson of Huawei Intelligent Vehicle Solutions, bluntly said that in order to improve the production and supply speed of the new M7 in the world, the entire industrial chain and supply chain have increased more than 20,000 workers, and at the same time increased capital investment over 1 billion yuan.

Recently, the Financial Union reporters have repeatedly explored the end point market of automobiles. Even at noon on working days, consumers who go to Huawei stores to see cars and consult are still in constant flow. In terms of policy, after the 33,000 yuan purchase rights and interests of the first sales period, the second round of car purchase rights and interests of the new M7 is worth 30,000 yuan. The deadline for activities is October 31.

The continued sale of the new M7 has directly stimulated the end point policy of competing models such as Krypton 001 and Ideal L7.

The day after the announcement of the report card of "60,000 vehicles in a single month", Extreme Krypton announced that all its models will open the rights and interests of limited-time car purchase, limited-time purchase and replacement. Among them, Extreme Krypton 001 can enjoy a maximum of 80,000 yuan after a number of rights and interests are superimposed. The activity period is from 9:00 on October 16 to 24:00 on December 31.

Compared to JK 001, the competition between the ideal L7 and the new M7 is intensifying. Not long ago, the two brands launched a "air-to-air confrontation", and End Point even spread the rumor of "re-purchase between the new M7 and the ideal L7, and the transaction can reimburse the other party’s deposit". "Our store does not have this [reimbursement deposit] policy, but the current activities of L7 and L8 are very rare, you can directly discount 31,000 yuan, and give gifts such as 20,000 points and foot mats." An ideal store salesperson told reporters.

Earlier this month, Tesla China announced that the price of the Model Y would remain unchanged while adding multi-colored ambient lights, upgraded dashboard trim, upgraded 19-inch wheels and improved acceleration performance. Such a policy is also seen by the industry as a "disguised price reduction" in a highly competitive environment.

From the perspective of market segmentation, the mid-sized/medium-sized SUV market in which Tesla Model Y, Wenjiexin M7, Ideal L7 and other models are located continues to heat up, and the competition is quite fierce. According to the data of the Passenger Federation, in September, although Tesla Model Y fell by 18% month-on-month, it was still far ahead with 53,200 vehicles. There are 7 models that sold more than 10,000 vehicles, namely Audi Q5, BMW X3, Ideal L7, Mercedes-Benz GLC, Hongqi HS5, Ideal L8 and BYD Tang. Among them, Mercedes-Benz GLC, Hongqi HS5 and BYD Tang showed a month-on-month decline, and Ideal L7 and Ideal L8 were basically flat compared with the same period in August.

The white-hot competition of new energy luxury SUVs is just a microcosm of the "Silver Ten" car market. According to incomplete statistics from the Financial Union reporters, more than a dozen car brands, including BYD, NIO, Xiaopeng, Zero Run, Volkswagen, and Buick, have recently launched different preferential policies to take over the "Golden Nine". Under the rare "peak season", the "price war" whose cycle has been extended is still ongoing.

"Because dealers increased the number of cars picked up in September, the end point prices in September and October continue to drop." Lang Xuehong, deputy secretary-general of the China Automobile Dealers Association, believes that under the background of the superposition of various factors, this year’s "Silver Ten" car market will not only be in good condition, but also the actual performance is expected to exceed "Golden Nine". "We believe that the quality of’Gold Nine Silver Ten ‘will be basically the same, and there may even be a situation of’Silver Nine Gold Ten’."

Original title: Q Jie new M7 hot orders detonated "price war": ideal L7 straight down 31,000, extremely krypton push limited-time car purchase rights

Editor: He Bao, Editor in charge: Wu Jian, Review: Wang Guangjiang

Red Star Capital Bureau noticed that on February 27, a lawyer’s letter sent to Geely Automobile (00175.HK) by Changan Automobile (000625.SZ) entrusted Chongqing Baijun Law Firm was exposed on the Internet, claiming that Geely’s "Galaxy Light" prototype car copied Changan concept car and mass-produced car, and infringed Changan Automobile’s intellectual property rights.

↑ Online lawyer’s letter

"The lawyer’s letter is true," Chang’an Automobile told Red Star Capital Bureau. "We believe that the relevant content of Geely Galaxy’s new energy strategy release is suspected of infringing the intellectual property rights of Chang’an Automobile, so the company sent the lawyer’s letter to the other party."

Some netizens posted pictures comparing the appearance of Geely’s "Galaxy Light" with Changan VISION-V and UNI-V models.

↑ Comparison chart of Changan Automobile and Geely

On February 28, Geely Automobile responded via its official Weibo: "The content of the lawyer’s letter is seriously inaccurate, the accusations against our company are groundless, misleading the public, and causing serious damage to our brand and goodwill."

Geely said that Geely Galaxy Light is an original design of Geely, and there is no plagiarism or infringement of other people’s intellectual property rights. Geely will take legal measures to safeguard its legitimate rights and interests against any attempt to smear, maliciously attack and spread false remarks through this matter.

↑ Geely Response

Yang Xueliang, senior vice-president of Geely Holding Group, said in a statement: We must have healthy competition, not internal strife. To transform and develop, not to fight in the same room, to be united, not to divide and smear.

On February 23, Geely Automobile released the new mid-to-high-end new energy series Geely Galaxy and released the prototype car "Galaxy Light". According to reports, "Galaxy Light" was designed by Chen Zheng, vice president of design of Geely Automobile Group. It was designed and developed based on Geely SEA’s vast architecture, using "ripple aesthetics" design, and incorporated Geely satellite antenna, Wofei long-sky drone, Galaxy NOS smart cockpit and other technologies.

　　　 The film "New Shaolin Temple" recently released the film’s theme song "Enlightenment", which was composed and sung by the Tianwang Andy Lau himself. Its musical style is in line with the "Zen" artistic conception to be displayed in the film. It is also the experience of the 30 years of the Tianwang Andy Lau’s debut. It is of great significance. Andy Lau will sing this song in public for the first time at the 30th anniversary of his debut "Andy Lau Unforgettable 2010 Concert".

　　　 The film "New Shaolin Temple" is directed by Chen Musheng and directed by Yuan Kui. Andy Lau, Nicholas Tse, Jackie Chan, Fan Bingbing, Wu Jing, Yu Shaoqun, Yu Hai and others co-starred to determine that it will be released on January 19, 2011. It is regarded as the finale of the Spring Festival. The film tells the story of the warlord’s melee era, when Hou Jie (played by Andy Lau), who was originally a warlord, escaped into the air after experiencing the betrayal of his adjutant Cao Man (played by Nicholas Tse) and the pain of his wife’s separation, and worked with monks to protect the victims of the war and the Shaolin Temple.

The theme song "Enlightenment" explains the theme of the film

　　　 The theme song of the movie "Shaolin Shaolin" is regarded as a classic film and television song to this day, so how the theme song of the movie "New Shaolin Temple" will be interpreted and who will sing it has attracted much attention. On the 19th, the film’s theme song was finally uncovered and appeared on major radio stations across the country.

　　　 "Infinite Mind/Life Blessing/Infinite Limit/Infinite Limit/Life Breath/Love Connection/… Enlightenment/Enlightenment/Wukong/Willingness/Simply walk with you every day." Compared with the old version of "Shaolin Temple", the lyrics of the theme song of "New Shaolin Temple" are more Zen-like, which is in line with the film’s theme of "practicing Zen with martial arts" that has been repeatedly emphasized in the film’s promotion. The style of the song is the perfect fusion of Buddhist music and pop music, which not only allows the audience to experience the artistic conception of "Zen" immersively, awakens the pure heart and compassion, but also catchy melody, which is very easy to sing.

Tianwang Andy Lau’s three-day retreat

　　　 According to the director Chen Musheng, the lyrics of the theme song "Enlightenment" are the masterpiece of Andy Lau, the king of heaven. "Originally, we didn’t use the theme song when filming the film, but after cutting the film, I felt that I still needed a song that could express the theme of our film, so I called him and told him what kind of song I wanted, and he readily agreed." What director Chen Musheng didn’t expect was that in just three days, Andy Lau handed over the sample of "Enlightenment" to him.

　　　 "I haven’t listened to much music for several years. I think the better movie theme songs are" Painting Heart "and" Chrysanthemum Terrace ", so when I got the sample of" Enlightenment ", I was very surprised and liked it very much. The lyrics and music style are very consistent with the style of our film. I listened to it repeatedly that night." Director Chen Musheng introduced that after he got the sample and listened to it, he called Andy Lau and asked Andy Lau to sing the song in person. "I think only he is the most suitable for singing this song, and I dare to say that this song will definitely become another classic song of his."

Next Page: Andy Lau will sing the first song of "Enlightenment"

　

Text | Blue Hole Business, Yu Weilin

Editing | Giorgio Lisa

In just one month, rumors of "ByteDance acquiring Ele.me" broke out twice.

In the latest version, Caijing quoted sources as saying that not only did it state that ByteDance’s bid was $7 billion – one of the points of disagreement between the two sides, but also that ByteDance only wanted the delivery team of Ele.me, while Ali wanted the word energy saving to undertake the entire Ele.me.

Although soon, the rumors were once again confirmed by both sides, the outside world believed that the "Schr?dinger’s acquisition" was only a layer of window paper away from the ground – "denial" was just a prescribed action in the negotiations between the two sides.

In the past two years, the local life battlefield has seen renewed waves due to Douyin’s disruption, with the store business performing traffic magic, but the home business has experienced ups and downs. Douyin’s local life is still in a state of "running through the process".

The low-hanging fruit has been picked, and moving forward is a tough battle with real swords and real guns. Meituan spent tens of billions of yuan to build the performance ability, and if Douyin wants to replicate it, he needs to invest several times more time and money. Buying Ele.me is the most cost-effective way, and it is also in line with Zhang Yiming’s usual style of "vigorously performing miracles".

Five years ago, Ali bought Ele.me for $9.50 billion; in the past few years, the decline is not only valuation, but also market share. Now Ele.me is almost reduced to a regional player, takeaway is a low-margin business, and it is difficult to make profits without scale effects. If Ali wants to stop losses in time, Douyin is the only potential buyer on the table.

If Douyin wants to be a "universal entrance", it is impossible to give up local life. But the question is, even if he eats Ele.me and completes the closed loop of local life, can he win Meituan? What Douyin lacks in local life is only the ground delivery team? What Ali + Ele.me couldn’t do in the past, can it be done by Douyin + Ele.me?

Just as Yu Yongfu said in his internal letter in 2021: "This is a protracted battle, a boxing match that has just begun. The process is destined to be long and cruel. Neither side can defeat the opponent, but can only fight for points."

The Infinity War of local life, even if the acquisition is completed, is far from the end.

Douyin Local Life: Good Night Yet to Come

In the past two years of the Douyin Meituan dispute, the outside world’s attention has focused on how Meituan defends the city, but it has ignored that Douyin’s battle for local life has not gone smoothly as imagined, and the traffic stick has also encountered "hard bones".

"Changing coaches" is the most obvious signal. In November 2023, Douyin publicly admitted that Pu Yanzi, the head of commercialization, will also serve as the head of life services business, and Zhu Shiyu, the original head, will be transferred. Pu Yanzi’s internal evaluation is that his style is pragmatic and he is good at solving complex problems.

Industry analysts "Zouma Finance" interpret that the role of the commercialization leader in Douyin is similar to that of Alimama to Ali, and it is the existence of the "God of Wealth". Pu Yanzi, who is more "important", can not only mobilize the commercial traffic of Douyin, but also the commercial traffic resources of almost all traffic-type products such as Jinri Toutiao and Watermelon Video in Douyin – this is the highest configuration that Douyin can give.

Douyin’s local life is far from a "good night". They need more resources and more fierce leaders. The core incentive is the failure of takeaway.

In June last year, according to the "LatePost" report, Douyin takeaway’s annual GMV target was reduced from 100 billion yuan to 5 billion yuan, which came to an "ankle cut". At the same time, the focus of takeaway business changed to: try to run through business processes in more ways.

Half a year has passed, and according to a report by "Whip Bulls" at the end of December last year, Douyin life service partners in multiple regions revealed that Douyin will no longer renew their contracts with them. "Except for the five cities of Chengdu, Changsha, Shanghai, Shenzhen and Fuzhou, the Douyin takeaway business in other cities will be suspended." The purpose is to "penetrate the above five cities in order to obtain comprehensive and sufficient experience and lessons, and then promote the replication to other cities."

Since it was exposed in July 2021, Douyin has been running in the takeaway field for two and a half years, but it is still "running through the process".

The cost is undoubtedly huge. According to a report by Sohu News in March last year, Douyin’s boost to merchants in the pilot takeaway service was 5%, which was three percentage points lower than that of its peers. But Douyin’s traffic is expensive, and its investment in takeout should be higher than that of Meituan and Ele.me, including the costs of delivery and service providers.

This raises the suspicion that takeout is a low-margin chore, and if it is so difficult to move forward, why not give up? Because it does not want to watch consumers flee due to the lack of takeout.

According to a report by "LatePost" in February last year, Douyin Group CEO Zhang Nan once imagined at an internal meeting that Douyin would become a universal portal for users’ mobile devices, not only to swipe content when bored, but also to shop, choose restaurants, and buy plane tickets to book hotels.

This is Douyin’s ambition, and it is also the common dream of Internet giants. Today’s Capital Xu Xin once said in his early speech that there are actually only 12 apps commonly used by users, and apps that are opened more than 8 times a day are exclusive and monopolistic, and "flowers" can grow on them.

Therefore, for Douyin’s local life, it is necessary to close the loop between home and store, which is the answer that Meituan proved ten years ago.

As early as 2014, Wang Huiwen once answered the reporter "Why does Meituan want to do takeout?" He said, "Group buying and takeout, there must be a lot of overlap in the business. From the perspective of the merchant, we can bring it customer flow and transactions. Consumers group buying to the store, or ordering takeout to be delivered to consumers for transaction. Although they are two different transaction models, the merchants will not reject them."

The lack of Douyin takeaway links today is like the short board on the bucket. On the one hand, consumers who have settled through home group buying will flow to Meituan when they repurchase takeaway; on the other hand, the merchants who have made great efforts to attract them will only stay at the store level, and cannot reap the commission of takeaway business.

According to public information, Douyin’s GMV in 2022 is 77 billion yuan, while it has increased by 256% in 2023. It is estimated that the GMV completed in 2023 is about 197.12 billion yuan, exceeding the original target of 150 billion yuan. But if you can’t take takeaway business, how long can such high-speed growth be maintained is an unknown.

Since takeaway is a must, then the existing cooperation model is not good? Since August 2022, Douyin and Ele.me have cooperated, and Douyin has diverted traffic and Ele.me has fulfilled the contract, but both sides have different ideas, and they have not fully connected on the page jump. Douyin cannot obtain the core data assets, so he has more than two years of experience in "running through the process".

Douyin and Meituan are bound to have a head-to-head war, but Douyin looks at his hand and only has abundant traffic and funds, but lacks infrastructure, including systems, teams, and the Know-How capabilities that Meituan has accumulated for more than a decade.

And these, eat Eli.me can make up for it?

"Are you shaking?" Can you win Meituan?

Before Douyin’s disruption, the takeaway battlefield had long since died down. Meituan began to explore instant retail in search of incremental growth; Alibaba’s Ele.me system became infrastructure, focusing on stopping losses.

A set of data clearly illustrates the changes in Ele.me in Alibaba. According to third-party data agency trustdata, in 2020, Meituan and Ele.me’s market share was 60% and 25% respectively; by 2022, it had become 72% and 15%.

From Ele.me to "Shake it", how much can it shake Meituan? Let’s take a look at the fundamentals of the two companies first.

Look at the supply side first, there is the most intuitive data. According to the relevant report of Guolian Securities, the average daily active users of Meituan takeaway business version in October 2023 4.8861 million, and the average daily active users of Ele.me business version 2.6131 million, Meituan is almost 1.87 times that of Ele.me.

Looking at the demand side, according to Quset Mobile data, in October 2023, Ele.me APP DAU 2154.6 million, Meituan takeaway APP DAU 17.4993 million, Meituan APP DAU 144 million. You know, Meituan APP is the main position of all businesses. Combined with past financial reports, Meituan takeaway also leads Ele.me in terms of annual transaction users.

What about Ele.me + Douyin? According to the data report released by "Douyin Life Service Business Observation" on January 2, 2024, in 2023, Douyin Life Service stores will exceed 4.50 million. Even taking into account deduplicate factors, on the supply side, Douyin + Ele.me will still have a considerable base.

In addition, the addition of Ele.me may recoup Douyin’s disadvantage on the supply side of small and medium-sized merchants. "Blue Hole Business" once mentioned in the article "Meituan, Can Use Magic to Beat Magic" that the high cost makes it difficult for small and medium-sized merchants to survive in Douyin. "If you don’t buy advertising and don’t have traffic, you will have zero sales."

On the demand side, Douyin’s traffic magic and Ele.me’s home consumption mindset are expected to make up for their previous shortcomings.

Different from Meituan, benefiting from the acquisition and Ali system, a large proportion of Ele.me’s loyal customers come from 88VIP members, which is characterized by strong spending power. Double 11 in 2023, 88VIP user scale broke through 32 million, and transactions increased by double digits year-on-year. According to Ali’s financial report, the average annual consumption of this group in 2022 reached 57,000 yuan, and the demand-side customer unit price may be expected.

From the perspective of supply and demand, Ele.me has been ahead of Meituan, and it may have new vitality. But whether it can win or not, the performance side is more critical. What Douyin wants most is also the delivery team of Ele.me. Capacity is the "card point" that Douyin takeaway cannot push, and it is also the "east wind" that Douyin only owes for the development of instant retail.

According to Ele.me’s official website, Hummingbird, its delivery platform, has 3 million active riders, including full-time and crowdsourcing; but according to a report released by Meituan in 2022, Meituan has 6.24 million riders. In fact, in 2019, Ele.me has more than 3 million riders, and Meituan is 3.99 million. With Ele.me losing ground, riders naturally flow to Meituan, which has a more dominant order volume.

Of course, the fulfillment of contracts does not rely solely on offline capacity. Offline delivery and online fulfillment are two sides of the same coin. It is rumored that Douyin only needs "delivery staff" and does not need "programmers". Ele.me is currently the second largest takeaway in the market after Meituan, and its fulfillment system is the closest option to contend with it.

After it was merged into Alibaba that year, Ele.me’s hummingbird system was the first to be transformed. Alibaba’s expectation for hummingbird was to rely on the foundation of takeaway services and cooperate with Alibaba’s retail "three-kilometer ideal life circle", which meant that in the past few years, hummingbird and Hema, Tmall Hourly, and first-line brand instant delivery have a long match, and the handling situation is far more complicated than food delivery.

At the same time, Hummingbird’s intelligent scheduling system has been supported by Alibaba Cloud. Now AI has become one of the core directions of Ali’s development, and Hummingbird’s computing power and iteration speed have been enhanced. Because Hummingbird is deeply bound to Ali, it has also become one of the arguments that Alibaba will not give up Ele.me. easily.

But Ele.me in the Ali system can only be said to be self-improvement, and whether it can resist Meituan requires a question mark.

Takeaway fulfillment has the characteristics of "multi-concurrency" and "strong randomness", and a strong online fulfillment system can be regarded as Meituan’s "moat". As Wang Xing said in the first quarter of 2023 earnings report: "If the takeaway business wants to complete each transaction efficiently, it needs a reliable order fulfillment system. We have accumulated a deep foundation in the consumer, merchant, and distribution network of the takeaway business, and it is difficult for other players to break through."

Another factor that cannot be quantified, but can determine the course of the war, is methodology and organizational ability.

On the one hand, the Know-How capabilities and takeaway talents accumulated by Ele.me are equivalent to directly giving answers to Douyin, who has been "running through the process"; but on the other hand, with the invasion of organizational culture and the migration of management authority after Alibaba’s acquisition, Ele.me’s core management has gradually lost, and its playing style is also very different from that of Zhang Xuhao’s era. Ele.me, which pursues cost control, has gradually shrunk into a regional player.

In the two years after Alibaba acquired Ele.me, morale was booming. Wang Lei, the earliest head of Alibaba’s department, also stated internally, "It turned out that Ele.me played Meituan on the first floor and the second floor, but now we are standing on the sixth floor."

At that time, Wang Lei participated in Double 11 and Double 12 with his local life, interacted with Youku and Juhuasuan, and connected with Autonavi and Hema. But from the first quarter of 2019 to the second quarter of 2020, Ele.me’s market share did not rise but fell.

An industry insider told Blue Hole Business that during that time, he went on a business trip to Shunde, Guangdong. Ele.me increased subsidies and launched activities in the local area, hoping to gain momentum in several of Meituan’s advantageous cities, but the results came to nothing. [The business of local life is more complicated than imagined, and the success of one city may not be replicated in all cities.]

A Meituan person once recalled with "Blue Hole Business" that at that time, Meituan did not regard the other party as a competitor when competing with Ele.me. "Although Meituan gave less resources than the other party in each city, it always got good results in the end. There is indeed a methodology."

Frustrated by the competition, Alibaba began to adjust its thinking. In July 2021, Yu Yongfu, known as the "integration master", took over local life and proposed the so-called "541 formation" and "four vertical and four horizontal" playing methods, but this was an internal staff that also had some unclear theories.

Falling on Ele.me, the strategy focuses more on key cities, which is the so-called "efficiency first, then scale", emphasizing the strengthening of instant retail and distribution capabilities in terms of capabilities, and paying more attention to festival marketing in terms of tactics, such as the repeated mention of "guess the answer to win the free order".

The key data obtained from the above actions is that Ele.me’s unit economic benefits continue to be positive, and its losses have narrowed year by year. But takeaway is always a low-margin business, and if you want to make money, you still need to do it on a large scale. Ele.me’s long-term strategy is to stop bleeding for Ali, but it is the opposite for Ele.me itself.

The local life battlefield is far more complicated than imagined, and it is unknown whether Douyin can recover the share that Ele.me has lost in the past few years.

Although Meituan’s share price fell every time the acquisition scandal broke, it proved the outside world’s attitude towards the deal. But even if the acquisition is completed, it is only an escalation of the war situation, not an end.

Original, Team Author, Shuaizhen Business Vision

Why did Wang Sicong jump into the "fire pit" when he knew that the other party was a liar?

Produced by Shuai Zhen Business Vision (ID: ailishi777)

A few days ago, Jia Yueting made a rare appearance at the China Auto Blue Book Forum and participated in the meeting by video link. This is his first public appearance in China since he left the United States for six years.

In the video, Jia Yueting wears a signature smile, with an assembled FF91 parked behind him, to prove to the outside world that the FF91 is really mass-produced.

The first batch of FF91s in mass production in the United States has been delivered to car owners, most of whom are Wall Street executives or Hollywood stars.

The appearance on the domestic auto forum this time is clearly Jia Yueting’s preparation for the sale of FF91 in China. According to people familiar with the matter, China’s first FF91 owner is the famous "national husband" Wang Sicong.

Anyone familiar with Wang Sicong knows that he rented a garage at the Peninsula Hotel in Shanghai, where more than 20 luxury cars, including Ferrari, Lamborghini, Rolls-Royce, Bentley Mulsanne, Maybach, and limited-edition Porsche, are parked, with a total value of over 100 million yuan.

Only there are no electric luxury cars.

This time, Wang Bicong threw 2 million to buy Jia Yueting’s new car, which is a bit confusing. You know, he once publicly criticized Jia Yueting on Weibo as a "liar who cuts leeks".

Why did Wang Sicong jump into the "fire pit" when he knew that the other party was a liar? The story starts with an investment made seven years ago.

01

Jia Yueting used to be the God of Wealth of Wang Sicong.

In 2009, after Wang Sicong returned from studying abroad, Wang Jianlin always wanted to train him as a successor and take over the then-thriving Wanda Group.

Wang Sicong has his own ideas. He doesn’t want people to say that he is a rich second generation of "fighting father", and wants to break out-point himself.

Therefore, Wang Jianlin gave Wang Sicong 500 million yuan as the capital base for starting a business and agreed: "This 500 million yuan loss is fine, I will give you another 500 million yuan, but if you lose again, you will honestly go back to Wanda to work."

Wang Sicong took the 500 million yuan given by his father and established an investment company called "Pusi Capital", looking for small companies with potential all over the world.

In his opinion, it is too hard for his father to make money by building a building. Real entrepreneurs should learn to let others make money for themselves.

The person who helped Wang Sicong make money was Jia Yueting.

At that time, Jia Yueting had unlimited scenery in the capital markets, holding the two major industries of LeTV film and television and LeTV sports.

Under the guidance of his wife Gan Wei, Jia Yueting turned Zhang Yimou, Guo Jingming, Sun Honglei, Huang Xiaoming, Li Bingbing, Sun Li and other celebrities into LeTV shareholders.

The famous LeTV has attracted the attention of Wang Sicong. In 2015, he invested 100 million yuan in LeTV Sports, accounting for 11% of the shares and becoming the largest shareholder.

Jia Yueting did not disappoint Wang Sicong. Under the superb capital operation of the former, LeTV Sports only took one year, and the valuation soared from 2 billion to 20 billion, which expanded by 10 times. Wang Sicong did nothing, just made 2.20 billion!

After 2017, there were a lot of self-media on the Internet, saying that Wang Sicong was not only handsome, but also very powerful. It took a few years to turn the 500 million yuan given by his father into 5 billion yuan. As expected of the "national husband" that every woman wants to marry.

In fact, Wang Sicong just followed the trend and voted for LeTV, which is no different from the "chasing high" of ordinary investors.

02

When Wang Sicong was immersed in the vanity of "national husband", Guo Taiming, the real business boss, had sensed that LeEco was going to die.

The reason was that Jia Yueting held a "buy a member and get a color TV" activity, which caught the home appliance factory by surprise. Huang Hongsheng, the boss of Skyworth, said that he had dealt with color TVs all his life, and he never dreamed that one day he would buy a color TV for free!

Under the free offensive, LeTV color TV surged forward, with annual sales reaching 6 million units, becoming the fourth largest color TV brand in the country. LeTV’s share price rose with the tide, and its valuation reached 160 billion.

Jia Yueting wanted to seize control of the color TV industry and began a series of merger plans.

He first set his sights on Skyworth and invited Huang Hongsheng to a Beijing palace for dinner. During the dinner, Jia Yueting opened two bottles of 82-year-old Lafite. After three rounds of wine, Jia Yueting stated the purpose of the dinner: he wanted to buy 30% of Skyworth’s shares at 1.5 times the price.

Huang Hongsheng is excited, which means he can cash out billions at a time.

But Mr. Jia added: LeEco will pay $100 million first, and the rest will be paid within nine months. He then produced a letter of intent for Mr. Huang to sign.

Huang Hongsheng was not drunk and said that he was not in a hurry to sign the contract. He would wait until he went back to discuss with the team.

This decision saved Skyworth.

A few days later, Huang Hongsheng received a call from Guo Taiming and also made an appointment for dinner. At the dinner, Guo Taiming said straight to the point, "I heard that Jia Yueting talked to you about the acquisition?"

Huang Hongsheng explained the situation. Guo Taiming pointed and said, "He also talked to me about buying a TV brand in my hands."

What makes Guo Taiming puzzled is that Jia Yueting’s 100 million deposit has been on the account for 8 months, why did the balance not arrive?

Guo Taiming asked Huang Hongsheng, "Do you think Jia Yueting has so much money?"

The answer is no. At the moment, LeEco’s funds are extremely tight, and there are only five months left before the collapse.

Afterwards, Huang Hongsheng rejected Jia Yueting’s acquisition offer. Guo Taiming also cancelled the deal because he did not receive the balance, earning a deposit of 100 million in vain.

Capital that sensed something was wrong began to secretly sell off LeEco’s shares. Wang Sicong, the "son", was still in the dark, and his daily concern was "Which girlfriend do you want to hang out with today?"

03

In April 2017, the LeTV empire began to disintegrate; in July, it was revealed that there were problems such as exaggerated profits and false sales; in October, Jia Yueting resigned as chairperson and went to the United States, but has not yet returned.

Wang Sicong woke up like a dream, not only did the 2 billion he earned in the early stage disappear, but even the principal of more than 1 billion was wasted.

The bad news doesn’t stop there.

In 2019, Panda Live, which he invested in and served as CEO, declared bankruptcy after losing the money-burning war, leaving 1 billion debt black hole.

Then, the entertainment company "Banana Project", which he founded, lost orders from Tencent, got into trouble, and was sued by many creditors. Wang Sicong became "Lao Lai".

A company screenwriter even knelt down to Wang Sicong in order to ask for 800,000 royalties. But only in exchange: "Go to court and sue me!"

After a series of blows, the once-famous Pulse Capital lost all its "underpants". "National husband" was suddenly beaten back to its original form and became synonymous with playboy.

The unwilling Wang Sicong took Jia Yueting to court again, demanding Jia Yueting to compensate 100 million yuan on the grounds that LeTV Sports violated the agreement.

The court upheld Wang Sicong’s request.

It is said that Jia Yueting contacted Wang Sicong privately to ensure that he would be responsible for the debt to the end, and promised to give him one when FF91 was mass-produced.

6 years later, Jia Yueting’s situation is improving. More than 20 billion in debt, he has paid more than 10 billion, only owe 9.80 billion. Wang Sicong’s 100 million probability has been paid off.

Therefore, the two repaired their relationship. Only then did the news come out that Wang Sicong bought FF91. Jia Yueting, who made a comeback, proved his ability.

Wang Sicong was courteous, and it was not surprising to buy an FF91 to support him. After all, there are no eternal friends in the mall, only eternal interests.

END

Original title: "After scolding" cutting leeks ", Wang Bicong threw 2 million to buy Jia Yueting’s new car"

Read the original text

　　Xinhuanet Guizhou Channel, April 17 (Reporter Li Zhongjiang) In the early morning of the 17th, a police officer in Guiyang City found suspicious characters during patrol and was attacked by gangsters during the investigation. The brave taxi driver and the police captured the gangsters together, and both were seriously injured.

　　At around 2:20 on April 17, 2009, Jiao Wenjun, a patrol police officer in Guiyang City, found three men riding a motorcycle acting suspiciously. Jiao Wenjun immediately conducted an investigation on him. Instead of stopping for investigation, the three people fled by car. Jiao Wenjun pursued the car and stopped it for investigation. During the investigation, the man who drove the car fled desperately. The other two men saw this and fled separately. Jiao Wenjun quickly controlled one of the suspects. At the same time, the patrol member Peng Guiping quickly pursued the other fleeing suspect.

　　At this moment, the suspect facing Jiao Wenjun took out a clip knife with a length of about 25 cm and stabbed at Jiao Wenjun, opening a 2 cm long hole above Jiao Wenjun’s left ear. Blood gushed out immediately, and Jiao Wenjun fought with the other party. The bus company taxi driver Zheng Hong and his friends jumped out of the car bravely and rushed towards the suspect with the knife. The police and taxi driver eventually captured the gangster.

　　After being introduced by the doctor: "The taxi driver was seriously injured, and the tendon button of the tiger’s mouth in his right hand was stabbed; Comrade Jiao Wenjun was stabbed on the left side of the head, but he was not stabbed in the temple in time because of avoidance, and his life was not in danger."

Editor in charge: Yan Bin

Headline reported today.

3,400 people, spent 10 billion, and "fought for Xiaomi car" for more than 1,000 days.

At 2 pm on December 28th, 2023, Xiaomi’s first car was finally unveiled by Lei Jun, founder, chairman and CEO of Xiaomi.

88 hours of publicity

This "grand meeting" of science and technology circles and bicycle circles officially kicked off four days ago.

On December 24th, Christmas Eve, Lei Jun sent Weibo: @ Xiaomi Auto at 10pm.

At 9: 00 a.m. on 25th, Weibo, the official of Xiaomi Automobile, released the first blog post, officially announcing the time and theme of the conference.

On the 25th, it was also the 1,000th day that Xiaomi announced the official construction of the car.

Before this, all kinds of news, spy photos, leaked photos and ID photos have stripped Xiaomi of his car. Lei Jun also said that "it is a great pity that there are always all kinds of leaks or rumors in the middle, which is really not our intention", and the team has been very low-key and pragmatic.

However, the enthusiasm and curiosity of rice noodles for Xiaomi cars have not decreased, but have been ignited by pictures and words that have been exposed again and again.

After the official announcement of the press conference, Weibo of Lei Jun began intensive publicity around Xiaomi Automobile.

On 25th, Lei Jun emphasized that "this time, only technology will be released, not products" and "Xiaomi Automobile will completely redefine the technology stack of the automobile industry, which will be a major leap in the technical field of the automobile industry".

This technology conference will be a comprehensive display of Xiaomi’s technology accumulation since its founding 13 years ago. Lei Jun predicted that "it will take a long time, so I hope everyone can prepare in advance".

On 26th, Lei Jun recalled the press conference that announced "Fighting for Xiaomi Automobile" three years ago. Lei Jun said that building an advanced mobile smart space is the mission of Xiaomi to build a car.

Lei Jun also answered several questions that netizens are most concerned about, such as the duration of the press conference and the origin of the name of Xiaomi SU7, and revealed the price information of Xiaomi car that everyone is most concerned about: "We haven’t made a final decision on pricing. However, Xiaomi SU7 is indeed a bit expensive. However, Lei Jun also stressed that "there are expensive reasons".

Intelligent driving has always been regarded as one of Xiaomi’s killer weapons. In August last year, Xiaomi’s autonomous driving technology made its debut. At that time, in the promotional video, Xiaomi was able to summon vehicles with one button, automatically navigate, automatically cope with some complicated car conditions, and independently parking service.

At that press conference, Lei Jun announced that the goal of Xiaomi’s autonomous driving is to enter the first camp of the industry in 2024, and the first phase investment of Xiaomi Automobile has reached 3.3 billion yuan.

On the 27th, Lei Jun not only promoted Xiaomi 澎湃 os and the whole ecology of people, cars and homes, but also launched the "tribute" series. Not only made posters, but also paid tribute to BYD, Weilai, Tucki, Ideality, Huawei and other car companies. In the evening, tribute lights were lit up in several cities.

There are several episodes here, in which BYD, Wei Lai, Tucki, Ideality and Contemporary Amperex Technology Co., Limited in Lei Jun’s words all responded enthusiastically. BYD also played the previous slogan "Together is China Auto".

However, Huawei’s terminal, which was attacked by Lei Jun at, didn’t respond, probably because it wanted to emphasize the difference between itself and Xiaomi again. Huawei doesn’t make cars.

However, some netizens thought that Huawei didn’t respond. Some netizens left a message in BYD Weibo, saying that "this is the leading brother".

Yang Xueliang, senior vice president of Geely, who was not at, was very active, sending several messages in succession, such as "Come on, although not saluted, we still open our chest to welcome new players in", "Too late", "I can’t understand", "2024 is the first year of salutation", "If people always want to be saluted, it will be over, but if people always want to salute others, there is no promise" and so on.

Yang Xueliang is so active, there may be three reasons besides the traffic of Xiaomi.

First of all, it may have broken some defenses without being named by Xiaomi. After all, Geely is also one of the world’s top 500 enterprises, and it is also vigorously transforming into new energy sources.

Second, it is said that Xiaomi Automobile has dug many lucky people, such as Hu Zhengnan, an executive of Xiaomi Automobile. Hu Zhengnan once held the positions of President of Research Institute, Senior Vice President and Director of Product Technology Management Committee in Geely Automobile. At this conference, some fans also expected President Hu to give a speech on stage.

Third, and most directly, last night was the launch conference of Krypton 007, but Xiaomi stirred it up. Earlier, we issued a document explaining the reasons why the top executives organized a group to visit Xiaomi. And when Yang Xueliang broadcast live on the press conference of Krypton 007 in Wentu last night, he also left a message saying, "We don’t compete with Xiaomi" and "(Xiaomi SU7) surpasses 007, try it".

Xiaomi’s conference was also supported by many auto-related technology companies. Under Xiaomi Auto Weibo, Internet and auto parts manufacturers including Gaode Map, Cool Dog Music, Nexter Auto System and ZF (auto parts supplier) left messages in support.

This morning, at 6: 35, Lei Jun released Weibo’s "I was a little excited today and woke up early". At 12 noon, another set of photos of SU7 Bay Blue was released.

Everything is ready, just waiting for the afternoon conference.

3-hour press conference

Lei Jun comprehensively introduced the technology of Xiaomi Automobile from five aspects:

Super motor

Xiaomi released its own research and independently produced super motors.

Super motor V6 series, the speed can reach 21000rpm. On the first mass production model SU7, Xiaomi V6/V6s motors have been installed, which were jointly developed with UMC and Huichuan respectively.

Super motor V8s is made of high-strength silicon steel, with the strength as high as 960MPa, and adopts bidirectional oil-cooled heat dissipation technology, with the efficiency jumping by 50%.

The V8s has a maximum speed of 27200rpm, a maximum horsepower of 578ps, a peak power of 425kW, a peak torque of 635N.m, a maximum efficiency of 98.11% and a power density of 10.14kW/kg.

V8s is expected to be mass-produced in 2025.

The super motor in the experimental stage adopts carbon fiber laser winding process, and the pre-research in the laboratory has achieved 35000rpm, which is still some time away from mass production.

In the field of motor electronic control, Xiaomi has applied for 155 patents and authorized 60 patents.

Super battery

Xiaomi Automobile released an 800V carbonized high-voltage platform with a maximum voltage of 871V, which is "a real 800V high-voltage platform" and equipped with CTB integrated battery technology, with the highest volume efficiency of 77.8% in the world.

In terms of safety, Xiaomi battery has passed the most stringent thermal failure safety standards in the world, with 17 layers of high-voltage insulation protection, the largest cooling area of 7.8m2, and 165 pieces of aerogel insulation. Xiaomi Che Yun also cooperates with the security early warning system.

At the same time, Xiaomi Automobile adopts the industry’s first battery inversion technology to ensure the safety of the passenger compartment to the greatest extent.

Lei Jun said that Xiaomi Automobile is determined to be the king of electric vehicles in winter.

Xiaomi has built its own battery pack factory. In the field of batteries, Xiaomi has applied for 132 patents and authorized 65 patents.

Super die casting

Xiaomi is super die-cast, reaching 9100 tons, with full stack self-research and full link independent design. This figure also exceeds Tesla’s factories in Shanghai and the United States.

At the press conference, Lei Jun introduced Xiaomi Titan Alloy, a self-developed alloy material of Xiaomi, and said that Xiaomi Automobile is the only automobile factory in China with mass-produced self-developed alloy materials.

At the same time, self-developed structural design, 72-in-1 integrated die-casting rear floor and three-stage rear floor anti-collision design were also introduced.

Intelligent Drive

Intelligent driving is essentially AI. Xiaomi started all in AI in 2016 and currently has 3,000 AI engineers.

Lei Jun introduced that the investment in smart driving Xiaomi is determined. The smart driving team of Xiaomi Automobile has 1,000 people and 200 test vehicles.

Xiaomi’s full-stack self-developed intelligent driving technology, with a total investment of 3.3 billion yuan in the first phase, has now increased to 4.7 billion yuan, and its goal of autonomous driving is to enter the first camp in the industry in 2024.

Xiaomi Auto released auto-driving technologies such as zoom BEV, super-resolution occupation network technology and large road model, which will support three functions: high-speed navigation, urban navigation and parking service.

Lei Jun said that it plans to open 100 cities to pilot NOA by the end of next year.

Intelligent cockpit

Xiaomi Automobile Intelligent Cockpit is equipped with Qualcomm Snapdragon 8295 chip, based on surging OS technology, which is mainly composed of 16.1 central control ecological screen, flip instrument screen, 56 "HUD and rear expansion screen, and can realize five-screen linkage.

Lei Jun said that it has created an exclusive CarIoT ecosystem for Xiaomi Automobile. At present, CarIoT ecosystem is fully open to third parties. Apple users also have a good experience in driving Xiaomi car. Xiaomi car supports wireless CarPlay, AirPlay and even iPad, which can control the air conditioning, music and seats of the car.

Xiaomi 澎湃 OS officially got on the bus, and "the whole ecology of people and cars" was closed.

Xiaomi Auto officially released Modena’s technical architecture, and Lei Jun said that the design target is 100 "industry-leading" technologies.

Xiaomi automobile

Xiaomi SU7, which was almost stripped before the press conference, officially released the official map.

Xiaomi SU7, positioned as a C-class high-performance eco-technology car, is a car that Lei Jun hopes to be "comparable to Porsche and Tesla".

Xiaomi SU7 has three color schemes, namely "Gulf Blue", "Elegant Grey" and "Olive Green". With a length of 4997mm, a width of 1963mm, a height of 1440mm and a wheelbase of 3000mm, Xiaomi SU7 has the lowest drag coefficient Cd 0.195 for cars in the world.

Lei Jun also introduced Xiaomi SU7′ s drop-shaped headlights, light ring taillights, 175-degree ripple surface and semi-hidden door handles.

In terms of interiors, Xiaomi SU7 has introduced three models, namely Galaxy Grey, Twilight Red and Obsidian Black. In addition to the five screens mentioned above, it is also equipped with a wraparound cockpit, a suspended instrument panel, a 5.35㎡ vehicle glass surface and a three-spoke D-shaped steering wheel.

Xiaomi SU7 has a C-class large space, 1012mm front vertical seating space and 105mm rear knee space; 517L trunk, China pure electric vehicle maximum 105L front case.

Xiaomi SU7 has a zero acceleration of 2.78 seconds, a zero braking of 33.3 meters and a top speed of 265 km/h..

In terms of battery life, Xiaomi SU7 is equipped with Xiaomi-Contemporary Amperex Technology Co., Limited battery, with a battery capacity of 101kWh, a cruising range of 800km under CLTC condition and a battery life of 220km after charging for 5 minutes. At the same time, it has good low-temperature performance.

In terms of safety, Xiaomi automobile adopts the armored cage steel-aluminum hybrid body design, with high-strength steel and aluminum alloy accounting for 90.1%, the highest strength reaching 2000MPa, and the torsional stiffness of the whole vehicle reaching 51000 N m/deg. Xiaomi Automobile has completed 40+ crash tests and is equipped with 7 airbags.

In addition, Xiaomi is equipped with 16 active safety technologies, including self-developed active safety simulation verification system and self-developed "4D space-time labeling" technology.

The price of Xiaomi SU7 has not been announced yet. However, when Lei Jun introduced the SU7 battery, he said, "Don’t pay 99,000 yuan, don’t pay 149,000 yuan." "There are more than 100,000 battery packs. What are you thinking? 」

1003 days

Lei Jun said that Xiaomi Automobile is already in small-scale mass production, but it will take another few months and a lot of verification before it can be officially released.

On March 30, 2021, Lei Jun officially announced Xiaomi to build a car at the press conference. At that time, Lei Jun’s cold was very serious, his voice was hoarse, and his speech was very difficult, but he still insisted on finishing the whole press conference.

After that, every dynamic of Xiaomi Automobile was put in the spotlight. For example, the official application for the trademark of Xiaomi Automobile, the acquisition of Shendong Technology, the incorporation of Xiaomi Automobile Co., Ltd. and the photo of 17 core members, the production base of Xiaomi in Yizhuang, and various leaked news in the later period.

Today, the Xiaomi Auto Conference was held in Beijing National Convention Center. "From Beijing Xiaomi Science and Technology Park to Beijing National Convention Center, the straight-line distance is just over 20 kilometers, and we walked for 1003 days."

"Through 15-20 years’ efforts, we will become the top five automobile manufacturers in the world and strive for the all-round rise of China’s automobile industry. This is Lei Jun’s long-term goal for Xiaomi Automobile.

But at the moment, Xiaomi Automobile will face many challenges. For example, whether the final pricing can satisfy users, how much sales can be achieved next year, and even the proud autonomous driving has already become a compulsory course for various new energy manufacturers.

And the new energy battlefield has also been fierce. Xiaomi car jumping from one red sea to another, "is it too slow?"

But in any case, Xiaomi Automobile has shown its own strength and determination to "lead in an all-round way" and officially participated in the competition in the new energy market.

When the horn sounded, the war was on the verge.

　　Xinhua Daily Financial News On the afternoon of January 6, the 2022 Yangtze River Delta Digital Economy Development Conference hosted by Xinhua Daily was held in Nanjing. Digital economy business associations from three provinces and one city in the Yangtze River Delta, member enterprises of Jiangsu Digital Economy Federation, scientific research institutes, and Financial Institution Group gathered together to discuss the digital economy layout in the Yangtze River Delta region, new paths for digital economy development, and jointly seek digital development in important fields.

　　The 2022 Yangtze River Delta Digital Economy Development Conference was launched

　　Secretary of the Party Committee and President of Xinhua Daily, Chairperson of Xinhua Newspaper Media Group, Shuangchuxue, Secretary of the Party Committee and President of Jiangsu Academy of Social Sciences, Xia Jinwen, Vice Minister of the United Front Work Department of Jiangsu Provincial Party Committee and Secretary of the Provincial Federation of Industry and Commerce, Gu Wanfeng, Deputy Secretary of the Party Committee and Editor-in-Chief of Xinhua Daily, Gu Leiming, Academician of the Chinese Academy of Engineering and President of Nanjing University of Aeronautics and Astronautics, Shan Zhongde, former Director of the Provincial Development and Reform Commission,Professor Qian Zhixin of Nanjing University, Wen Zhigang, deputy director of the Jiangsu Provincial Development and Reform Commission, Zhao Jianguo, deputy director of the Jiangsu Provincial Department of Science and Technology, Chi Yu, deputy director of the Jiangsu Provincial Department of Industry and Information Technology, Zhou Hengxin, member of the party group and deputy director of the Jiangsu Provincial Department of Civil Affairs, Li Yang, member of the party committee and vice president of the Jiangsu Academy of Social Sciences, Gu Xindong, deputy editor-in-chief of Xinhua Daily, Chen Jing, member and vice chairperson of the party group of the Jiangsu Federation of Industry and Commerce, Zhu Guoqiang, deputy general manager of the Jiangsu Provincial Cultural Investment Group, Lin Jingran, vice chairperson of the Jiangsu Federation of Industry and Commerce and president of the Bank of Nanjing, Sun Libin, vice president of the Jiangsu Provincial Chamber of Commerce and Digital Economy Federation, Li Xiaodong, second-level inspector of the Jiangsu Provincial Federation of Industry and Commerce, and Chen Jun, deputy director of the Jiangsu

　　As a mainstream media group in Jiangsu, Xinhua Newspaper Media Group has also benefited from its "digital" wings. Media is the beneficiary of the digital economy, and it is also the aggregator, linker and amplifier of digital economic resources. The group feels a great responsibility and a glorious mission to pay attention to the development trend of the digital economy, track the development trend of the digital economy, and spread the development energy of the digital economy.

　　Secretary of the Party Committee and President of Xinhua Daily, Chairperson of Xinhua Press Media Group

　　Gu Leiming, Deputy Secretary of the Party Committee and Editor-in-Chief of Xinhua Daily

　　Xia Jinwen, Secretary of the Party Committee and President of the Jiangsu Academy of Social Sciences, issued a question about the times and development of the digital economy era. He said that focusing on the digital economy layout in the Yangtze River Delta region and working together to study the new concepts, new paths and new kinetic energy of digital economy development is an important topic full of vitality and tension, full of interpretation and capital power. For the Yangtze River Delta, it is necessary to give full play to the respective advantages of one city and three provinces in the field of digital economy and build a national digital economy development highland.

　　Xia Jinwen, Secretary of the Party Committee and President of Jiangsu Academy of Social Sciences

　　Digitalization empowers manufacturing and promotes high-quality development

　　Data is the oil of the digital economy era and a production factor for high-quality development. It empowers the transformation and upgrading of traditional industries and spawns new industries and new business models. In 2020, the scale of China’s digital economy will reach 39.20 trillion yuan, maintaining a year-on-year growth rate of 9.7%, becoming an important engine for stable economic growth. Among them, the bright Yangtze River Delta accounts for 28% of the total scale of the national digital economy and about 44% of the regional GDP.

　　Shan Zhongde, academician of the Chinese Academy of Engineering and president of Nanjing University of Aeronautics and Astronautics, suggested at the conference that Jiangsu manufacturing should deeply integrate information technology, digital technology and intelligent manufacturing, vigorously promote the deep integration of industry, university and research development and open cooperation, accelerate the construction of a manufacturing world talent center and innovation highland, and continue to promote the construction of an open and shared innovation system, and accelerate the development of advanced manufacturing and world-class industrial clusters.

　　Shan Zhongde, Academician of Chinese Academy of Engineering and President of Nanjing University of Aeronautics and Astronautics

　　"Digitalization is the only way for each of our manufacturing industries. Although there are pains, it is also necessary to go." According to Zhang Chunlong, director and researcher of the Institute of Social Policy of the Jiangsu Academy of Social Sciences and executive vice president of the Jiangsu Institute of Regional Modernization, digitalization has caused the vigorous development of our economy and has become a strong driving force for the future development of our economy.

　　Zhang Chunlong, Director and Researcher of the Institute of Social Policy, Jiangsu Academy of Social Sciences, and Executive Vice President of Jiangsu Institute of Regional Modernization

　　The digital transformation and upgrading of the manufacturing industry is the key to improving the competitiveness of China’s manufacturing industry. Compaq Technology (Suzhou) Co., Ltd. is a company specializing in the manufacture of personal care products, daily necessities, toothpaste and other products. In 2015, after completing an industry acquisition, the company invested 40 million yuan to digitally transform it. And, in the following years, a total of nearly 100 million yuan was invested to digitally upgrade the production line. Now, the company has a unified set of physical control, quality control and design data standard management and control processes, which has realized the digital control of raw materials, filling technology, packaging and other links, meeting the needs of industry management.

　　Shuangliang Group has built a "big service" platform of "smart service" + "smart energy", building new competitiveness with the help of digital platform, driving business model changes with innovation, breaking through data barriers between platforms, and realizing cross-platform online operation of the whole life cycle of equipment. Xu Jianfeng, deputy general manager of the digital center of Shuangliang energy-saving system joint stock company, said that the current general equipment manufacturing industry is transforming into customized services, from selling equipment to selling services, which requires innovation in business models. Digital combined with modern services has become an important breakthrough point for manufacturing enterprise transformation and management upgrading.

　　Phoenix (China) Investment Co., Ltd. is a subsidiary of the German Phoenix Electric Group in China, focusing on the field of electronic connectivity and electronic interfaces, as well as the field of industrial automation. "We not only pay attention to the development of the company itself, but also take the initiative to take the initiative to bridge the Sino-German cooperation, bring Germany’s advanced technology, management concept and craftsman spirit to China, and actively promote and practice Industry 4.0." Gu Jiandang, president of the company, said that industrial enterprises hope to use the energy given by the new generation of information technology to unlock more potential through digital transformation. "At present, we have established an" Ecological Empowerment Co-creation Association "with local partner companies to open up cooperation, cross-border integration, and actively embrace the smart industry ecology." He said.

　　Gu Jiandang, President of Phoenix (China) Investment Co., Ltd.

　　Based on the integration of "data +", Liu Zhen, an IEEE academician and chairperson and co-founder of Aolin Technology, emphasized that although the development prospects of the digital economy are broad, pan-industrial enterprises urgently need to shift from informatization to digital intelligence, so that data can play an explicit business value. He believes that enterprise digital transformation should pay more attention to value-driven, so that enterprises can "see" the effect of digital transformation. Among them, enterprise digital twins are the engine of digital intelligence systems, which describe, diagnose, predict, and make decisions on enterprise operations and business activities, and then realize the interactive mapping of physical space and cyberspace.

　　IEEE academician, chairperson and co-founder of Aolin Technology

　　Grasp the "key increments" of the digital economy, become better, stronger and bigger industries

　　Digitalization is not only an inevitable demand for the development of the real industry, but also invisibly rewrites all walks of life. China’s industry is undergoing tremendous and subtle changes.

　　The digitalization of the service industry is an important trend in the optimization and upgrading of the industrial structure, which will inject new impetus into the high-quality development of our country’s economy. For example, Jiangsu Dayun Cultural Tourism Development Co., Ltd. is a wholly-owned subsidiary of Jiangsu Provincial Cultural Investment Group, which undertakes the investment functions of Jiangsu Provincial Cultural Investment Group to fulfill the cultural protection, inheritance and utilization of the Jiangsu section of the Grand Canal Cultural Belt and the integrated development of cultural tourism. It is a new era comprehensive cultural tourism development enterprise that promotes cultural construction and tourism development and empowers the establishment of the Grand Canal Cultural Tourism Project.

　　Zhu Guoqiang, deputy general manager of Jiangsu Provincial Cultural Investment Management Group, party committee member and chairperson of Jiangsu Dayun Cultural Tourism Development Co., Ltd., said that the company’s digital cloud platform for the Grand Canal National Cultural Park covers the development and operation of the smart cultural tourism platform, the planning and construction of the digital cloud platform for the National Grand Canal Cultural Park, the promotion of cultural tourism scenic spots, the mining of cultural and creative projects, education and sports, and research and learning operations. It has now formed a business layout in four major sectors: culture, tourism, science and technology, and sports. The platform has created the country’s first "one cloud and four ends" online Grand Canal overall framework, creating a cloud-based government server level, public server level, Enterprise Services end and international communication end, to achieve cross-regional, cross-system, cross-departmental information collection, data analytics, collaborative office, project management, to solve the canal management main body, cultural and tourism resources scattered pain points.

　　Zhu Guoqiang, Deputy General Manager of Jiangsu Cultural Investment Management Group, Party Committee Member and Chairperson of Jiangsu Dayun Cultural Tourism Development Co., Ltd.

　　The financial industry is an industry that entered the digital age earlier, and many business scenarios are being reshaped digitally. "The digital transformation of commercial banks should be closely related to business processes, providing customers with better and more convenient service experience, helping to explore more business scenarios and find sustainable profit growth points." Yu Xuanjie, chief information officer of Bank of Nanjing, said that around the "1 + 3" action plan of customer expansion and quality improvement carried out by Bank of Nanjing, we have accelerated the online process of public products. At the same time, we have launched digital credit cards for retail customers, and the financial service capabilities of various scenarios have been continuously enhanced.

　　Yu Xuanjie, Chief Information Officer of Bank of Nanjing

　　To create characteristic digital services, the digital transformation of China Merchants Bank Nanjing Branch has fully penetrated into many scenarios such as convenience, convenience and wealth management, running through all aspects of social livelihood and business operation, and has successively launched "convenience service cloud platform", "hall identification system", "one-stop online payment platform", "salary and Futong", "wealth through train", "come to invest", "capital verification treasure" and other financial products, effectively meeting the financial needs of users through "people + digitalization".

　　Allocate factor resources and do a good job in the "new infrastructure" of the digital economy

　　With the collision and integration of digitalization and industry, the efficiency of factor resource allocation and the improvement of value creation model. At the same time, a group of information technology companies were born in response to the times, with "data" as the paddle, the wave of the tide era.

　　A number of well-known enterprises in the industry, such as iFLYTEK and Huayun Data, have deeply cultivated the industry and made data-driven effective in the enterprise. As a well-known domestic Xinchuang cloud computing group, Huayun Data Holding Group is committed to building a dual moat of digital transformation and information technology application innovation. It has become the earliest group of standard makers for the long-term development of China’s Xinchuang industry based on rules, the most backbone of innovation guardians driven by scientific and technological hard power, and the most reliable peers to help ecological partners achieve digital transformation.

　　Founded in March 2021, Yancheng Big Data Group Co., Ltd. focuses on big data infrastructure building, innovative application of government data assets, development and operation of information projects, investment and development of digital industries, and ecological construction of digital economy, focusing on big data, artificial intelligence, robotics and other new generation information technology industries, and strives to empower high-quality development with data.

　　Fang Jingyan, head of Jiangsu Pengwei Software Co., Ltd., said that digital transformation is closely related to the development of enterprises. At present, many enterprises have a foundation for digitalization, and how to connect digitalization with production and operation requires professional planning. Pengwei has been focusing on CRM software for 15 years, and has continued to make efforts in mobile application solutions. With the help of new thinking and new technologies of mobile Internet, it helps enterprises improve their management mode and management level, and improve their core competitiveness.

　　Wang Wei, founder of Qingke Chain Valley, introduced that Qingke Chain Valley is a tangible physical carrier, a park, and an intangible and unbounded service platform. On the one hand, we provide enterprises with smart park-style digital services, and on the other hand, as a blockchain technology service platform, we empower the society and the government to solve the problem of data on the chain.

　　Wang Wei, founder of Zero2IPO Chain Valley

　　At the meeting, the Jiangsu Provincial Digital Economy Federation and the Party Branch of the Jiangsu Provincial Digital Economy Federation were officially established. Gu Wanfeng, deputy director of the United Front Work Department of the Jiangsu Provincial Party Committee and party secretary of the Provincial Federation of Industry and Commerce, said that currently, Jiangsu’s industry is facing an important turning point in the conversion of old and new kinetic energy. The integration and innovation of all walks of life and the digital economy is an effective path to achieve high-quality development, and it is also the only way to maintain Jiangsu’s economic vitality and competitiveness. "The majority of entrepreneurs should strengthen their awareness of development and speed up digital transformation." He said that he hoped that the federation will aim to build consensus and strengthen political leadership; rely on its characteristics and advantages to improve service quality and efficiency; and take standardized development as the guide and play a collaborative governance role.

　　Gu Wanfeng, Vice Minister of the United Front Work Department of the Jiangsu Provincial Party Committee and Secretary of the Provincial Federation of Industry and Commerce

　　Sun Libin, president of the Provincial Digital Economy Federation, said that the Federation will give full platform advantages, strive to seize the commanding heights of the new round of scientific and technological revolution, and help Jiangsu’s economic transformation and upgrading; strengthen cooperation with other provinces and cities in the Yangtze River Delta region related to digital economy, promote data industry cooperation and platform co-construction, give full play to the synergy effect of the Yangtze River Delta network, and jointly promote the development of the integration of the Yangtze River Delta digital economy.

　　Sun Libin, President of Jiangsu Digital Economy Federation

　　Zhou Hengxin, deputy director of the Provincial Department of Civil Affairs, said in his speech that the digital economy is related to the overall situation of national development, and the development of the digital economy is a strategic choice to grasp the new round of scientific and technological revolution and new opportunities for industrial transformation. We will strongly support the work of the federation and continue to pay attention to the growth and healthy development of the federation.

　　Zhou Hengxin, Deputy Director of the Department of Civil Affairs of Jiangsu Province

　　At the meeting, Gu Leiming, deputy secretary of the party committee and editor-in-chief of Xinhua Daily, and Li Yang, deputy dean of the Provincial Academy of Social Sciences, awarded licenses for the Yangtze River Delta digital transformation "benchmark case" enterprises, and Gu Xindong, deputy editor-in-chief of Xinhua Daily, and Chen Jing, a member of the party group of the Provincial Federation of Industry and Commerce, and vice chairperson, awarded licenses to Nanjing Bank joint stock company, China-Italy Life Insurance Jiangsu Branch, Huayun Data Holdings Group Co., Ltd., Nanjing Metro Operation Co., Ltd., Huatai Securities joint stock company and other Yangtze River Delta digital transformation "excellent case" enterprises. At the same time, 10 companies including Jiangsu Bank joint stock company, Yancheng Big Data Group Co., Ltd., Nanjing Jindun Public Safety Technology Research Institute Co., Ltd., Nanjing Qingke Chain Valley Technology Service Co., Ltd., Nanjing Woxu Communication Technology Co., Ltd., Compaoli Technology (Suzhou) Co., Ltd., Shanghai Sino-Austrian Industrial Development Co., Ltd., China Merchants Bank joint stock company Nanjing Branch, Ningbo Bank joint stock company Nanjing Branch, and CLP Jinxin Software (Shanghai) Co., Ltd. were awarded the "innovation case" of the digital transformation of the Yangtze River Delta. Qian Zhixin and Li Xiaodong, the second-level inspector of the Provincial Federation of Industry and Commerce, awarded the award to the winning enterprises.

　　Xinhua Daily · Financial Reporter, Chen Xian, Chu Chu, Meng Peijia

　　Trainee reporters, Cui Hao, Zhan Chao

Riding on the cross-border trend, Wahaha Group has once again opened up new ideas. Since October, it has joined hands with Licheng Group, a subsidiary of Ctrip Travel Network, and Lvyue Group to jointly create a "coffee-themed room". As a new product to be re-launched in 2023, the birth of the coffee spot originated from Wahaha’s keen sense of the trend of coffee demand in the market, and is a signature product of its new track of "fresh can coffee", which is a master producer.

The theme room is equipped with photo walls, throw pillows and other items that are strongly related to the coffee position. At the same time, each consumer is given a free coffee latte, which makes the room "strong coffee flavor" and captures the hearts of coffee lovers in one fell swoop. It is understood that the "coffee position theme room" activity plan covers 13 cities including Shanghai, Hangzhou, Huzhou, Ningbo, Jiaxing, Suzhou, Wuxi, Yangzhou, Suqian, Hefei, Anqing, Nanjing, and Chunan Qiandao Lake, with a total of 100 hotels. As the event further advanced, many consumers went to the hotel to explore the store, clocked in the coffee position, felt the quality of the "fresh pot", and posted praise through social media, one after another said: The room is comfortable, the coffee is full of "flavor", and the platinum and black gold color scheme is very textured.

To become the protagonist of this theme room, the coffee position obviously has its own advantages. The use of alpine Arabica coffee beans, imported milk sources from New Zealand, supervised by Q-Grader coffee tasters, SCA roasters carefully customized coffee roasting curves, and rigorous processes have created the extraordinary value of the coffee position. Coupled with "high temperature spray drip filtration" and "instantaneous fresh-locking technology", the use of the current industry’s advanced aseptic cold irrigation production line has further enhanced the high-quality taste of Wahaha coffee position lattes.

In recent years, Wahaha has launched new tricks on the joint name, AD calcium milk has cooperated with BilibiliWorld, Onmyoji, and Teddy to create "Today’s Underage IP", PH9.0 soda water has joined hands with the tide play brand to play "blind water" concept, and very cola has integrated Dunhuang IP to actively embrace Guochao culture… In addition, it also includes different brands such as Douluo Continent, Kuaikan Comics, League of Legends, DIMOO, etc., and has penetrated into various circles such as ACG, e-sports, and tide play, achieving a win-win situation of word-of-mouth and benefits.

This cross-border is the first cooperation between Wahaha and Ctrip, two well-known brands in the industry. Whether it is in terms of brand spirit, brand value proposition, or crowd coverage, Wahaha and Ctrip have a high degree of overlap. As a leader in the food and beverage industry, Wahaha’s pursuit of healthy food and a better life has never stopped. In response to this new joint trend, the relevant staff said: "We hope to actively expand new consumption scenarios through cross-border marketing, release the consumption potential of overlapping target customers, embrace the younger generation, and jointly explore new ways of travel consumption."

1905 movie network news On February 22, the comedy film "Mr. Red Carpet", directed and starring, held a launch ceremony in Shenzhen. Director Ning Hao, starring Andy Lau, and actors, actresses,, and Zhou Wei attended together.

Therefore, Ning Hao and Andy Lau, who became attached, finally cooperated for the first time in the movie. Andy Lau shouted excitedly: "Finally waiting for you!" Director Ning Hao also said: "It’s time for us to play!"

It is reported that the film tells the comedy story of Hong Kong’s aging star working with mainland directors in order to "turn red" and will be released nationwide in 2023.

Andy Lau

The movie "Mr. Red Carpet" tells the story of Liu Weichi, an aging star played by Andy Lau, who collaborates with a major director to make a comeback. He goes deep into the countryside to experience life, but his arrogance triggers a series of endless farce. Ultimately, he has an epiphany that being sincere is the most precious quality, and his life has been transformed and restored to beauty.

Celebrities come to the countryside to experience life, such a farce makes people laugh just thinking about it. And Andy Lau plays an outdated Hong Kong star, such a contrast setting is even more exciting, and it also fills the expectations of the film’s comedy properties.

At the launch ceremony, the lead actor Andy Lau said: "After waiting for so many years, we finally waited. I hope we can make a good show!" Director Ning Hao also borrowed the good fortune of the launch to cheer for the whole crew: "Today is a once-in-a-lifetime good day, February 22, 2022, so many good things come in pairs, it’s time for us to play!"

In 2006, the director Ning Hao received 3 million funding from Mr. Lau’s "Asian Rising Star Directing Project" to shoot "The Dark Horse" and "Crazy Stone", and created the film style of "black comedy", which made a sensation that crazy summer. For years, audiences have been hoping that Director Ning Hao and Andy Lau can work together on a film to satisfy audiences’ wishes.

Sixteen years later, "Mr. Red Carpet" was finally born, and the collaboration between the two big names was highly anticipated. At the same time, it also made everyone speculate, what kind of comedy is this? What kind of sparks will the two top figures in the field of directing and acting collide? The final "laugh" is expected.