China Fund News reporter, Wu Yu

NIO, which went public last year, has not had a good time this year, especially in March.

At the beginning of the month, NIO released its first financial report since its listing, and the huge loss of up to 9.64 billion yuan made investors vote with their feet, and the stock price plummeted by more than 20%.

At the same time as the release of the financial report, NIO announced that it would suspend the self-built factory project in Jiading, Shanghai; subsequently, it was exposed that the number of deliveries was tricky, and the company was laying off a large number of employees and other negative news. Although NIO responded to this, in less than a month, NIO’s share price has nearly halved, and its market value has evaporated by 4.63 billion US dollars (about 10.36 billion yuan).

In addition, it has also been hit by Tesla’s price cuts and the opening of a factory in Shanghai.

Recently, NIO CEO Li Bin issued an internal letter acknowledging that NIO has experienced staff redundancy and will optimize the existing team by 3% in the first half of this year.

Losing nearly 10 billion a year!

NIO’s share price nearly halved

At the beginning of the month (after hours on March 5, Eastern Time), NIO released its first financial report since going public.

According to the financial report, in 2018, NIO is still in a huge loss, and the loss range is still expanding. According to the financial report, in 2018, NIO’s total revenue was 4.95 billion yuan, and the net loss was 9.64 billion yuan, an increase of 92% from 2017.

At the same time as the earnings release, it announced that it would suspend its self-built factory project in Jiading, Shanghai.

The reason behind NIO is explained as, on the one hand, the government’s approval and recognition of the "OEM" model in the new industrial investment management policy; secondly, from the perspective of investment efficiency, the existing partner production capacity can meet NIO’s product demand within 2 to 3 years. At the press conference, NIO said that the third car will also be expected to be produced in Jianghuai. In the release, Li Bin also said that based on the above strategy adjustment, NIO will have medium and long-term expenditure savings, which can make the company’s entire business cash flow richer.

Investors voted with their feet. After the company released its financial report, its share price plunged 21.16% on March 6, fell another 11.5% the next day, and then continued to decline. As of the evening of March 22, in 13 working days, NIO has fallen by 44.7%, the stock price has nearly halved, and the market value has evaporated by 4.63 billion US dollars (about 10.36 billion yuan).

Suspected by large-scale layoffs, sales fraud, etc

NIO says it’s a fabrication

The house leak happened to rain overnight. Subsequently, suspected NIO employees posted in Zhihu to expose NIO’s large-scale layoffs, sales fraud, and employee rebates.

An online user claiming to be a former NIO employee, "Paper Child", broke the news on Zhihu that NIO claimed that the delivery of 10,000 cars was the result of "self-directed and self-performed", and most of the 10,000 orders were purchased by NIO internal employees.

According to Paper Child, NIO introduced an internal policy whereby employees bought the ES8, a NIO production car, and the company leased the car back for 15,000 yuan a month for the first three years, for a total rent of 540,000 yuan for the three years. For employees, this is equivalent to the company giving themselves a free car, plus 80,000 yuan in cash.

"Paper Child" also broke the news that NIO is laying off a lot of staff, and pointed out that there is a problem with NIO’s credit review and car purchase process, and Chen Rui, the head of NIO’s financial department, is suspected of eating kickbacks.

At present, the leaks of "Paper Child" have been deleted on the grounds of "infringing on corporate interests".

On March 22, NIO officials issued a statement saying that the so-called "sales fraud" and "significant layoffs" were purely fabricated. The statement of NIO employees’ misconduct is purely subjective and lacks factual basis.

Regarding the above revelations, NIO said that as of the end of February 2019, NIO had delivered a total of 13,964 ES8s, of which only 2% were ES8s purchased by employees and shared with the company after purchase. At the same time, as a start-up, NIO has entered the stage of refined operation and systematic efficiency improvement, and will adjust its business structure and respond to the optimization of its personnel structure according to its development strategy. At the same time, it will continue to attract outstanding talents to join.

NIO said that the publisher’s statement about the misconduct of NIO employees is purely subjective and lacks factual basis. It strongly condemns such malicious slander of NIO employees. NIO reserves the right to pursue legal action against the publisher of the rumor if the employee involved in the rumor.

The following is the full text of NIO’s official statement:

However, netizens are still not convinced by NIO.

Tesla’s impact: price cuts + domestic production

As an electric vehicle manufacturer with a high-end market positioning, NIO is often benchmarked against Tesla. In recent days, Tesla has made frequent moves and launched a fierce attack on the Chinese market: the Shanghai Super Factory has been opened, Model 3 has been launched in the Chinese market, and major price cuts have become the focus of the market. Industry insiders believe that this will have an impact on domestic electric vehicle manufacturers.

In January 2019, Tesla’s Shanghai Super Factory broke ground and is expected to be completed and put into production by the end of this year. Elon Musk said that the factory is mainly used to produce Tesla Model 3 entry-level models, and will also take on the production capacity of Model Y and electric trucks in the future, so as to achieve local production in China.

On February 22, Tesla’s entry-level model Model 3 officially landed in the Chinese market. Then Tesla announced that the price of all models has been continuously reduced. Mainly looking at the Model 3, which is similar to the ES8 price range, the long-life rear-drive version of the Model 3 sold in China has dropped from 433,000 yuan to 407,000 yuan. The long-life four-wheel drive version has dropped from 499,000 yuan to 455,000 yuan. The long-life high-performance version has dropped from 550,000 yuan to 516,000 yuan.

This price range coincides with the ES8 and will also dilute some ES8 user requests.

However, in the face of Tesla’s drastic price cuts, Li Bin, founder and chairperson of NIO, said that NIO will not use price cuts to expand the market. "We have seen that our competitors have recently reduced prices several times. We think it may be the pressure of competition. In fact, continuously lowering prices is a great harm to the brand and consumer loyalty. In the long run, price cuts are not our strategy to expand the market. We will increase user loyalty and satisfaction through service innovation."

Li Xiang, CEO of Che Hejia, regards Tesla’s entry into China as a threat to the current domestic "vaunted" electric vehicle brand. Li Xiang bluntly stated that the cruising range of domestic electric vehicles is "false" propaganda, and also said that with Tesla’s domestic production, the domestic electric vehicle "good days will soon come to an end".

On March 15, Tesla held a new model Model Y conference, starting at only 260,000 yuan! By 2020, Tesla is about to achieve domestic production, and will sweep the Chinese electric vehicle market at a lower price. Many voices in the industry believe that for domestic cars, this is "wolf".

Li Bin acknowledges NIO staff redundancy

Will optimize to 3%

On March 22, Li Bin, founder, chairperson and CEO of NIO, issued an internal letter confirming the company’s goals and key actions for this year and the next three years. Li Bin said that the company has passed the team training stage and entered the second stage of qualification. The three highest priority work goals are: user satisfaction, improving operational efficiency, and developing the second-generation platform.

In his internal letter, Li Bin acknowledged that NIO has experienced some staff redundancy during its four years of rapid development, and said that in the first half of this year, the total number of people will be controlled within 9,500, which is 3% better than the current situation. In addition to staff redundancy, it is also necessary to improve the efficiency of budget and investment, which is reflected in the efficient use of already invested facilities, such as energy service networks, NIO centers, and test drives.

Li Bin mentioned that there have been many voices of skepticism about NIO recently, some of which are false rumors based entirely on speculation. "The world does not owe us an understanding. In today’s era where everyone can speak out, doubts and even rumors will be a reality we need to face on the way forward for a long time in the future. We need to be objective and calm about doubts and criticisms. If there are any, we will take necessary measures to correct them."

The following is the full text of Li Bin’s internal letter:

Dear colleagues,

At the annual meeting in January, I said that the company had passed the team training stage and entered the second stage, which is the qualification stage. In the next three years, we need to go all out to win the qualification to participate in the future competition. During the qualification stage, our top three priorities are: user satisfaction, improving operational efficiency, and developing the second-generation platform.

When the goal is clear, we need to focus on action. Just like our logo means, Vision, Action, with goals and actions, we can achieve the vision. Starting this year, we will implement the working method of VAU, which is the working method of "Vision Goal-Action-Upgrade".

Last weekend, the company’s management team held two days of intensive discussions to clarify the company’s goals and key actions for the year.

Goal 1: Complete the annual user relationship development plan

The user relationship development plan is relevant to everyone, not just the task on the UE side.

Action 1: Enhance user satisfaction

Satisfied users are the cornerstone of NIO. Delivering promised product functions and services on time, maintaining close and sincere communication with users, and solving problems in the process of car purchase and use from the user’s perspective are the awareness and ability that every colleague needs to have.

Action 2: Deliver ES6 on time and in quantity

ES6 is a strategic product for NIO and will enter a larger market segment. Mass production of ES6 is currently on schedule. Please work closely with engineering, software, supply chain, XPT, manufacturing, quality, service operations, and regional teams to ensure smooth delivery of high-quality ES6 starting in June and ensure that subsequent production deliveries can meet market demand in a timely manner.

Action 3: Take the initiative to communicate with the outside world, so that more people can understand the real NIO

Take the test drive as the core experience, let more people know about NIO products; take offline activities as the main scene, let more people accept the NIO brand. Please communicate with everyone who comes into contact with us based on the values of sincerity and care, and become a reliable friend of users.

Objective 2: Significantly improve operational efficiency

In the past four years, we have achieved a lot of achievements that we are proud of, seizing the fleeting time window to complete the first phase of the strategic goals, but also the organizational structure and operation management are not detailed enough. From this year, we will not only do a good job in strategic execution, but also significantly improve operational efficiency to ensure that the company can continue to grow.

Action 1: Organizational Efficiency Optimization

After four years of rapid development, we have established a global organization. After rapid development, there have also been some repetitive department settings, unclear work tasks, unclear responsibilities, and insufficient workload for some positions. These are the management efficiency optimization tasks that we need to solve this year. After completing the above work, the total number of people will be controlled within 9,500 in the first half of this year, which is about 3% better than the current situation.

We also need to strengthen collaboration and communication among various departments, and use VAU as a working method to ensure that departments work efficiently based on consensus.

Action 2: Increase the efficiency of the use of budgets and investments

We need to optimize the budget and usage rhythm of each project, and resolutely not spend unnecessary money to ensure the efficient use of funds. For changes to the project plan, we must communicate and inform relevant parties in a timely manner to avoid unnecessary waste of investment. For facilities that have already been invested, such as energy service networks, NIO centers, and test drives, we must ensure efficient use.

Action 3: Significantly increase gross margin

Gross profit margin enhances the long-term competitiveness of the company, and relevant colleagues need to have cost awareness based on systematic efficiency.

Objective 3: Complete the launch of the second-generation platform NP2

2019 is a crucial year for NP2, and the quality of our execution is directly related to the competitiveness of the "final stage".

Action 1: Formation of the definition and development plan for the second-generation platform and its first product.

Action 2: Complete the cooperation layout between autonomous driving technology and the supply chain.

Action 3: Establish a certain-scale autonomous driving test fleet.

The above are the main goals and action plans of the company this year. In the near future, each department head will formulate annual and quarterly target action plans based on this, and they will be improved and updated quarterly. VAU will become the main efficiency improvement method of NIO, and I encourage each colleague to improve their own work effectiveness accordingly.

Dear colleagues, there have been many voices of skepticism about NIO recently, some of which are false rumors based solely on speculation. The world does not owe us an understanding. In today’s era where everyone can speak out, doubts and even rumors will be a reality we need to face on the way forward for a long time to come. For doubts and criticisms, we need to treat them objectively and calmly, and if we do, we will take necessary measures to correct them. The most important thing is that we need to focus on goals and actions, and constantly improve ourselves with unremitting efforts. We must not only look up at the stars, but also be down-to-earth. Improving the efficiency of enterprise operations, optimizing personnel and business structure, working hard, and reasonably controlling the rhythm of Strategy and Development will be important themes in the next stage. We will use this to repay the trust and expectations of users, partners, investors and all friends who care about NIO.

All predictable difficulties are work tasks, and we continue to work hard!

　　Passengers can scan the "taxi smart code" to experience real-time itinerary inquiry, service evaluation and complaint, fare payment and other functions.

　　Yesterday morning, the Xi’an Taxi Management Office and Xi’an Taxi Association released a new type of service supervision card for Xi’an taxis. The content displayed on the card includes Xi’an’s unified "taxi payment code" and the country’s first "taxi smart code". The reporter learned that passengers only need to scan the "Xi’an Taxi Smart Code" to realize real-time itinerary inquiry, service evaluation and complaint, fare payment and other functions.

　　Real-time information can be known on the "code" to efficiently ensure passenger safety

　　The newly released Xi’an Taxi’s new service supervision card can not only display the driver’s photo, name, license plate number and other information, but also add two new functions: "Xi’an Taxi Smart Code" and "Xi’an Taxi Payment Code". The reporter found that the new service supervision card is not only placed in front of the co-pilot, but also intimately set up a service supervision card in the back row to facilitate passengers to scan the code.

　　After the trip starts, passengers can enter the WeChat Mini Program of TikTok Travel by scanning the "smart code" on the service supervision card to "claim" their trip. At the same time, the information queried and the information of the actual ride are verified through the "smart code", which can effectively identify cloned cars and condominium cars. It is worth mentioning that the "smart code" provides an itinerary sharing function. Passengers can share the ongoing itinerary with their family and friends. The party who receives the itinerary sharing can monitor the driving track of the vehicle, the specific information of the driver and the vehicle in real time, providing more security for passengers to travel. In addition, the "smart code" is linked to the GPS data in the taxi, and passengers can scan the code to estimate the journey cost in advance, and can view the real-time travel track, driving speed, travel direction, and see if there is a yaw or detour.

　　After the trip, the "smart code" is connected to the in-car meter in real time. The driver lifts the meter to stop charging, and the fare displayed on the meter will directly bounce to the passenger’s mobile phone. Passengers can pay directly, and there is no need to manually enter the fare, which avoids the situation that passengers will enter errors and overpay when paying the fare through their mobile phone.

　　Anonymous service evaluation anti-violation "code" is more convenient to pay

　　In order to fill the gap in service evaluation of traditional cruise taxis, the "Smart Code" launched this time has been integrated into the evaluation system. Passengers can anonymously evaluate drivers from five dimensions: "Communication Politeness", "Quiet and Not Disturbing", "No Odor in People and Vehicles", "Clean and Comfortable Environment" and "Safe Driving". Drivers with high passenger satisfaction can receive priority orders and service rewards, which will also be used as a reference condition for the first evaluation in the industry.

　　For drivers with poor service, passengers can also make anonymous complaints through the "smart code", and the complaint content, itinerary information, driver information and other data will be transmitted in real time to the complaint acceptance department of the Municipal Taxi Administration for investigation and handling. Compared with telephone complaints, the "smart code" is more efficient, and it is easier to identify service violations such as detours and overcharges, which can effectively ensure the rights and interests of passengers.

　　In the payment process, in addition to scanning the "smart code" payment, Bank of Xi’an also provides a "seven-in-one" aggregate payment method. Passengers can complete the payment by scanning the "payment code" on the new service supervision card. It supports seven methods such as WeChat and Alipay, and also supports savings card and credit card payment, providing more options for passengers to pay conveniently. The fare will be directly credited to the driver’s bank card, without the need to withdraw again through the payment platform, saving the driver the withdrawal fee.

　　"IoT + Big Data" empowers taxi operations

　　The release of the new service supervision card and "taxi smart code" is the first time that the data of the Internet platform and in-car facilities has been connected in the national industry, marking an important step in the deepening reform of the taxi industry in Xi’an and the process of reducing the taxi network in Xi’an. The taxi industry in Xi’an plans to complete the first batch of 3,000 vehicles by August 31, and then complete the laying of all "taxi smart codes" in the city.

　　The reporter learned that the "smart code" uses the Internet of Things technology to integrate the information data of Yangzhao taxis, predict the demand for taxis through travel demand heat map and big data analytics, and rationally allocate urban taxi resources during peak hours to alleviate the problem of difficult taxis during peak hours. Help taxi drivers reduce empty driving rates and improve operational efficiency.

　　"The integration of old and new formats in the taxi industry is the trend of the times. Traditional cruise cars and online taxi-hailing cars should learn from each other, learn from each other’s strengths and complement each other’s weaknesses, and jointly provide passengers with high-quality and safe travel services." Wang Jian, director of Xi’an Taxi Management Office, said that the "smart code" is an important attempt launched by Xi’an taxi industry in the country. I hope citizens and drivers can actively use it and give more opinions.

　　It is understood that during the launch of the "smart code", both drivers and passengers can get rich rewards for using it. Taxi drivers who activate the new service supervision card can enjoy the first 5 yuan bonus, and if there are more than 60 transactions in the month, they can get a 30 yuan bonus; passengers can get different amounts of ride ticket rewards by scanning the code to complete the service evaluation of the driver, and the driver can also get the evaluation bonus. In the next step, the "smart code" will also launch electronic invoices, yaw reminders, lost and found, taxi combination, enterprise payment and other functions to continuously improve the service quality of cruise taxis in the industry. (Text/Photo, Reporter, Guo Peiran)

Pony Ma, Chairperson and CEO of Tencent

　　The popularity of "Internet +" is not just because it appeared in Premier Li Keqiang’s government report, but the inevitable development of the times and the general trend of the development of information technology.

　　Speaking of "Internet +", Pony Ma, chairperson and chief executive of Tencent, said he first realised in 2013 that the internet was a cross-border concept. Later, the development of the Internet was at its height, and many traditional industry people then defined the Internet as something that disrupts, conflicts and replaces traditional industries. However, "things that disrupt, conflict and replace traditional industries" are not the essence of the Internet. "The Internet is a tool, and this tool should be available to any industry," he said. But the Internet is not just a tool, but a capability, a new DNA that, when combined with various industries, can give the latter new strength and regeneration ability.

????What kind of magic can the Internet "+" produce?

　　Back on March 5, Premier Li Keqiang delivered a government work report and formally proposed "formulating an’Internet + ‘action plan to promote the integration of mobile Internet, cloud computing, big data, Internet of Things, etc. with modern manufacturing, promote the healthy development of e-commerce, industrial Internet and Internet finance, and guide Internet companies to expand the international market." For a time, "Internet +" became a key buzzword in major media, and the power of the Internet extended to various industries such as transportation, medical care, education, manufacturing, and agriculture.

　　It can be seen from the daily life closest to the people that the Internet has unknowingly penetrated into everyone’s life. Functions such as social networking, shopping, payment, taxi hailing, car washing, and registration can almost all be realized through the Internet. The Internet is becoming one of the necessities of life on an equal footing with water and electricity. Pony Ma defines the Internet as a new information energy source. He believes that all industries can integrate "Internet +" into their own industries. If they do not do so, this industry and industry will be outdated and eliminated.

　　Although "Internet +" has not been a hot word for a long time, the Internet’s changes to traditional industries continue. From a broad perspective, "Internet +" is fully radiating to the tertiary industry based on the information and communication industry, and is penetrating into the primary and secondary industries. Services such as catering, tourism, entertainment and other services have begun to move towards a mature "Internet +" development stage. At the same time, industrial Internet and agricultural modernization will bring new opportunities for the transformation and upgrading of traditional industries.

　　In depth, "Internet +" has gradually penetrated from the link of information transmission to the links of multiple industrial chains such as manufacturing, distribution, and operation. Use information productivity to shift the scale production in the industrial age to a new production model that can meet the needs of personalized long tails. "Internet +" is penetrating from consumer goods to equipment manufacturing, energy, new materials and other industries, and will comprehensively promote the transformation of traditional industrial production methods.

　　According to official data, our country’s online retail enterprises have created more than 9 million jobs, and it is expected to reach 30 million by the end of 2015. Take WeChat as an example. In 2014, WeChat stimulated 95.20 billion of information consumption, equivalent to 3.4% of China’s total information consumption in 2014, driving social employment 10.07 million people. It is expected that by the end of 2015, WeChat-driven information consumption will grow to 142.80 billion yuan. This is the magic of Internet "+", but there are more than 10 million netizens in China. The above figures are just the tip of the iceberg dug out by China’s information economy. In the future, the number of Internet "+" will continue to set new records.

????Do subtraction before addition

　　For major traditional industries, compared to what the Internet can "+", they are more concerned about how to "+". An example that Ma Yun often cites is the **** between WeChat and operators about two and a half years ago. Some outsiders said that WeChat replaced text messages, which was a replacement and subversion for operators. He admitted that the pressure was very high at that time. This was the first major impact between mobile Internet and traditional communications. A year and a half ago, Internet finance attracted the attention of regulators again, and online credit cards were subsequently suspended. In the past year, Didi and Kuaidi have triggered government supervision issues in the transportation sector. There have been many collisions in the process of the integration of the Internet and traditional industries, but these collisions are not enough to stand in the way of traditional industries moving towards the Internet. In Ma Jintao’s view, the above problems are "healthy" and can be solved through discussions in various departments.

　　Pony Ma said that before the "Internet +" wave came, Tencent had made the largest organizational restructuring in history three years ago to adapt to the mobile Internet and the combination of the Internet and traditional industries. Tencent abandoned the "do everything" strategy, and search, e-commerce, and some O2O and small businesses have been axed. Now, Tencent only does two things: connectors and content industries.

　　In recent public occasions, Pony Ma has repeatedly explained the clear positioning of Tencent, and the most powerful backing for Tencent to become a connector that connects people, people, services, and devices is the two major platforms of QQ and WeChat. The latest data shows that WeChat has 549 million monthly active users, and more than 8 million official accounts, which are increasing at a rate of 15,000 per day. QQ’s monthly active users are 832 million, QQ space has 668 million monthly active users, and Tencent’s international users are 200 million, covering more than 200 countries and regions. It is this series of numbers that give Tencent the confidence to propose "connecting everything".

　　Pony Ma said that the second thing Tencent does is the content industry, which includes news, online games, videos, literature, music, etc., and other things will be handed over to partners. In the words of Pony Ma: "Before adding, you must first subtract." Pony Ma admitted that this is also the conclusion that Tencent has come to after years of pain. Tencent will firmly be the best partner for all entrepreneurs. Just like the saying "half life": Tencent now only retains half life and gives the other half life to partners, so that an ecosystem will be formed.

????Tencent "+" has produced fruitful results in various industries

　　After the two sessions this year, Tencent quickly launched the "Internet +" action. Since March 23, Tencent has signed "Internet +" strategic cooperation agreements with Henan, Chongqing, Shanghai, Tianjin, Hubei, Sichuan, Guizhou and other provinces and municipalities directly under the Central Government. And on April 29, it hosted the 2015 "Internet + China" Summit with the theme "Imperative". At this conference, Tencent launched the "Internet +" ecosystem for the first time. At this conference, 16 cities including Changsha, Wuxi and Dalian signed a strategic framework cooperation agreement with Tencent and became a member of the "Internet +" ecosystem. At present, some cities have access to WeChat city services, allowing citizens to enjoy more than 10 convenient services such as checking the weather, paying bills, booking passports, and inquiring about violations of regulations through WeChat.

　　But Tencent’s eyes are not only on the field of "smart cities". In terms of medical care, nearly 100 hospitals across the country have launched WeChat full-process visits, and more than 1,200 hospitals support WeChat registration. The service has accumulated more than 3 million patients, saving more than 6 million hours for patients and greatly improving efficiency. In terms of education, Tencent has cooperated with a number of educational institutions to open Tencent classrooms, opening more than 20,000 courses for primary and secondary schools, universities, vocational education, IT training and other multi-level people, with about 73,000 people taking classes every week. In terms of finance, WeBank also began to test its first Internet credit product "Microloan" after Premier Li Keqiang issued the first batch of online loans. In addition, in various fields such as emergency management and media, Tencent is doing "Internet +" exploration.

　　It is worth noting that in order to welcome the "maker era", Tencent has upgraded its open API, which has been running for nearly four years. On April 28, Tencent officially upgraded its startup base to Tencent Maker Space. Hou Xiaonan, general manager of Tencent open API, said at the summit: "Tencent hopes to integrate the power of society, integrate the alliance of venture capital, combine offline acceleration and online support, and create a three-dimensional Maker Space for entrepreneurs."

　　Data from Tencent shows that the total number of open API applications has reached 2.40 million, including entertainment, life, education and other aspects. The total number of entrepreneurs has reached 5 million, covering the first to third tier cities across the country. At the same time, over 500,000 square meters of 25 Tencent Maker space has been planned to land.

　　Pony Ma said: "In the new era, what Tencent needs to do is to build a ladder, that is, return to the core platform. What we can do is to provide all industries with spare parts and tools, so that they can fly higher and safer in the wave of integration with the mobile Internet." The innovative DNA brought by "Internet +" has begun to seep into various industries. I believe that the innovative seeds implanted with the "Internet +" gene will soon spread all over the country and continue to bear fruitful fruits.

In recent years, the community group buying model has gradually attracted the attention of capital, and many leading e-commerce platforms have entered the market. The COVID-19 epidemic has made community group buying more popular. A number of data show that community group buying is prosperous during the epidemic.

Simply put, community group buying is a business model that provides daily goods and life services to residents in surrounding communities using WeChat and WeChat Mini Program as carriers. The Mini Program places an order and picks up goods at the door of the community group buying, which brings a win-win situation. For merchants, it can reduce the cost of acquiring customers, improve the repurchase rate of goods, and also save distribution costs. For example, each community only needs to be delivered to the designated "head of the group", and then the "head of the group" will distribute the goods to the community users uniformly, reducing the cost of logistics and distribution. In addition, it can also use the real-world friends relationship to acquire customers online and offline, making up for the shortcomings of traditional e-commerce.

For consumers, participating in community group buying on the one hand can get more cost-effective goods, on the other hand, there is no need to worry about after-sales problems. Some consumers said that an important reason for choosing to place an order in the community is the trust in the "head of the community". The "head of the community" and the user belong to the offline person-to-person model, and the trust is higher.

Community group buying has certain development potential, but consumers are more looking forward to this model to become assured group buying. How community group buying develops more standardized is also worthy of attention. Any consumption model must abide by the law. Whether it is spontaneous solitaire buying in community groups or buying on other e-commerce platforms, it must comply with the laws and regulations of our country on production standards and food safety standards. This also requires the joint efforts of platforms, merchants and "heads of state", and even consumers. In addition, it cannot be ignored that group buying market order and online transaction safety also urgently need regulatory efforts to ensure that community group buying truly becomes assured group buying. (Yang Yulong)

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China Evergrande’s hearing has been postponed again

On December 4, according to Hong Kong media reports, the liquidation case of China Evergrande was tried again in the Hong Kong High Court today. After the petitioner and Evergrande exchanged and deliberated, the judge heard the arguments and postponed the liquidation hearing of China Evergrande again until January 29, 2024.

In fact, this is the seventh time that Hengda has been delayed by creditors. Industry insiders believe that this also reflects the cautious handling of the liquidation and bankruptcy of the largest real estate company in the Hong Kong capital markets by the Hong Kong judiciary.

On the morning of December 4, China Evergrande issued a clarification announcement saying that the company noticed that an institution published a report on December 1, 2023 that the company had never made a profit. The report has no actual basis, and the company will further clarify the content of the report later. Holders of the company’s securities and potential investors should exercise caution when buying and selling securities.

The move follows a report by GMT Research, a short-seller, that China Evergrande’s delayed 2021 annual report clearly reflects the company’s apparent overstatement of revenue and earnings, which is likely to continue for many years. Evergrande has either fundamental problems or has never made a profit.

Original title: "Evergrande Emergency Announcement!"

Read the original text

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

　　　 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"

　　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

　　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

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.