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."

　　On February 29, the "2024 19th China (Jinan) International Solar Energy Utilization Conference and the 3rd China (Shandong) New Energy and Energy Storage Application Expo" with the theme of "Golden Sunshine, Clean Energy, Dual Carbon Leading, and Storage Development" opened at Shandong International Convention and Exhibition Center. The conference lasted for three days.

　　This year’s exhibition has been newly upgraded, and the site adopts the "1 + N + N" conference model, that is, 1 boutique exhibition, more than 10 forum meetings, and more than 20 new product launches and precise docking activities. With a professional perspective, an efficient platform, and deeper content, we will lead the development direction of the new energy industry and become the "wind vane" exhibition of the industry.

　　Efficient links, deeply empowering

　　The exhibition scale of this year’s "Solar Energy Exhibition" is 60,000 square meters, divided into photovoltaic, energy storage, photovoltaic building integration, distributed energy multi-energy complementary, industry-university-research, finance and other professional exhibition areas, attracting State Grid, Huawei, BYD, Midea, Haier, Tongwei, Sunshine Power, Jinke, Longji, JA, Trina Solar, Canadian Solar, Zhonglai, Oriental Risen, Chint, TBEA, GCL, China Building Materials, China Energy Conservation and other global more than 600 new energy brand enterprises participated in the exhibition. Focus on displaying new technologies, new products and solutions for the whole industry chain such as solar photovoltaic, energy storage, and multi-energy complementary. The whole chain efficiently links industry and cross-disciplinary information and resources, and deeply empowers the development of the industry to help achieve the goal of "peak carbon dioxide emissions carbon neutrality". It is expected that the audience will reach 100,000 in three days.

　　One exhibition brings together the world, one exhibition sees the future

　　It is reported that this exhibition has a strong lineup of exhibitors, including 12 of the world’s top 500 companies, 30 of the global energy 500 companies, and 18 of the Chinese private 500 companies. The exhibition brings together the world’s top new energy companies and technologies, leading the development direction of the industry. It is not only a national channel ordering conference, but also the largest distributed solar storage cooperation conference in the country. It is also an energy end point application event in the Asia-Pacific region.

　　"Sea" and "land" photovoltaic products become a highlight

　　This "Solar Energy Exhibition" not only brought together photovoltaic boutiques from "sea" and "land", but also showcased many new photovoltaic and energy storage technology products, some of which were unveiled for the first time at the exhibition. Not only the "distributed photovoltaic + flexible storage" solution that debuted on land, the lotus module that has no border barrier and is beautiful and clean like a lotus flower, the high-efficiency photovoltaic module that is completely black, the intelligent flexible bracket system applied to more use scenarios, the beautiful, energy-saving and noise-reducing hollow light-transmitting series power generation glass, and the heterojunction photovoltaic module with high reliability performance at sea. These products have value and strength, making them the highlight of the conference.

　　Efficient activities promote development

　　During the same period of the exhibition, more than 10 forums and conferences were also held, including "2024 3rd Yellow River Basin New Energy Innovation and Development Conference", "2024 2nd Shandong Province New Energy High-Quality Development Forum", "2024 7th China Distributed Photovoltaic Conference", "2024 6th China Household Photovoltaic Conference", etc. More than 40 academicians and experts from the industry attended the conference to give wonderful speeches, and exchanged and discussed photovoltaic, energy storage, smart energy and other content. The topics have connotation and depth. During the same period, more than 20 business investment conferences, new product launches and precise docking activities will also be held.

　　This year’s "Solar Energy Exhibition" is jointly organized by Shandong Solar Energy Industry Association, Shandong Xinchenghua Exhibition Co., Ltd., and Shandong Chenghua Energy Technology Co., Ltd.

As the saying goes: a big tree attracts the wind. In early June, Wanda and Wang Jianlin accidentally became a hot topic on the Internet again. The reason is that the stock price of AMC cinema chain in the United States has recently soared again, from about $12 at the end of May to more than $60 at the close of June 2. On May 23, Wanda just issued a notice to announce that it would clear its position and withdraw from AMC.

"Wanda fell before dawn and missed tens of billions of dollars in revenue" "Wang Jianlin passed by a hundred small targets"… For a time, Wanda and Wang Jianlin became the object of self-media ridicule, but these keyboard warriors and hindsight forgot a basic fact:

Wang Jianlin is an entrepreneur, not a gambler.

As the leader of a large private enterprise like Wanda, Wang Jianlin’s decision-making priority is the stable and sustainable development of the enterprise, avoiding unnecessary risks and earning profits from the good development of the enterprise, rather than taking huge risks like a gambler in an attempt to maximize profits in the stock market.

In 2012, the US movie theater industry was booming, and the US annual movie box office reached a record high of 10.80 billion US dollars. Wanda spent 700 million US dollars to acquire the loss-making AMC theater chain at this time, mainly based on the expectation of the good development prospects of the US movie theater industry.

"After Wanda Group acquired AMC, it promoted the successful listing and merger and acquisition of AMC, making AMC the world’s largest movie theater chain, and jointly promoted the cooperation of the film industry and the exchange of film culture between China and the United States."

Wanda’s statement in the May 23 notice clearly stated the purpose and achievements of the acquisition of AMC that year.

On December 18, 2013, AMC successfully landed on the New York Stock Exchange, raising 400 million US dollars, and the opening price on the first day of listing was 19.18 US dollars, which doubled the income of Wanda’s merger and acquisition in just over a year.

If you just want to make quick money in the capital markets, Wanda can choose the opportunity to exit, why wait until now?

In 2018, the annual movie box office in North America hit a record high of $11.80 billion, and then began to decline. Wanda began to gradually withdraw from AMC’s controlling stake in that year in anticipation of the downward turning point in the development of the US movie theater industry.

Wanda not only adopts a gradual withdrawal strategy for AMC, but also for other industries with bleak development prospects. In January 2019, Wang Jianlin explained his strategic adjustment in his speech at Wanda Group’s 2018 work summary:

"For other industries that do not have a competitive advantage now, and it will be difficult to achieve a competitive advantage in the future, we must gradually and orderly withdraw. In short, Wanda needs to be thin and have something to give. This is the logic of Wanda’s past, present and future disposal of some assets."

"Some self-media or so-called experts only see that we are selling, but they don’t see that we are still investing in new projects. Then again, if everyone in Wanda’s business can understand it, then we are worthless. This kind of strategic adjustment is definitely uncomfortable, even painful, but Wanda must’stick to Qingshan and not relax, and let the wind from east to west".

The outbreak of the COVID-19 pandemic has only accelerated the pace of Wanda’s exit from AMC. In January this year, American retail investors gathered to hype the first wave of AMC’s market, which sent AMC’s share price from as low as $1.91 to as high as $20.36, giving Wanda the opportunity to exit the profit.

Therefore, whether it is to acquire or withdraw from AMC, Wanda and Wang Jianlin are mainly based on the anticipation of the development prospects of the US movie theater industry, and later Wanda Group’s "domestic focus" development strategy needs.

Of course, the price of AMC’s share price should be considered, but how to ensure the stable and sustainable development of the enterprise and avoid unnecessary risks is the first consideration for entrepreneurs like Wang Jianlin.

No one can accurately predict the rise and fall of stocks. The future development prospects of the American cinema chain are not optimistic, but many industry insiders and entrepreneurs can anticipate it.

From the perspective of entrepreneurs, with AMC’s share price having risen sharply, Wanda has no problem exiting AMC and earning the money it is certain to earn.

Although AMC started the second wave of speculation this year after Wanda’s exit, and its share price continued to rise sharply, it has long been out of the hype of stock fundamentals, and the risk is extremely high. Moreover, there is no limit on the rise and fall of the US stock market. AMC’s share price can rise by 95% in a day, and it may also fall by so much. AMC’s share price once rose to $20 at the end of January this year, and quickly plummeted to $5 in February, which is evidence of this.

What’s more, the old investors know that it is difficult for the stocks of major shareholders to sell down their holdings by a large amount to rise sharply. If Wanda did not clear its position and exit AMC, AMC’s share price would not be more than 60 US dollars. Because in the process of Wanda’s large-scale selling of AMC shares, huge purchases are required, which will suppress the sharp rise in AMC’s share price.

Only after the announcement of Wanda’s clearance of AMC shares, without a lot of selling pressure, but with the expectation of a new main force entering, did AMC retail investors dare to go long without any worries, which led to the second wave of AMC share price speculation this year.

Those who mocked Wanda for "missing out on tens of billions of dollars in revenue" were either hindsight or ignorance.

According to media reports, Wall Street analysts recently reminded retail investors who are heavily invested in AMC stocks to be aware of the risks. Macquarie analyst Chad Beynon and his team believe that the debt situation of AMC theaters is worrying, and once again reiterated that AMC’s target price is $6, and the investment evaluation is "neutral".

The price of a movie ticket at an AMC theater is about $14, and the $6 target price means that in the eyes of this analyst, AMC’s share price is not worth half the price of a movie ticket at an AMC theater!

On June 5, Beijing time, Thomas Peterffy, founder and chairperson of Interactive Brokers (IBKR.US) in the United States, warned that investors in "retail group stocks" such as AMC cinema chain could face huge losses.

Wanda’s clearance and withdrawal from AMC is the need for strategic adjustment. Although it has not and cannot be sold at the highest point, it has earned double the profit while avoiding the huge risks it may face.

This is the vision and pattern of entrepreneurs, and gamblers and adventurers will never understand it.

　　China News Service, Beijing, July 14 (Qiu Yu) Beijing, Shanghai and other places have introduced relevant regulations on online catering to strictly prevent the operation of "black workshops". China News Service (WeChat official account: cns2012) reporter investigation found that some third-party platforms did not publicize the merchant’s food business license, and the merchant did not mark the safe consumption time limit on the takeaway packaging according to local regulations.

　　The consumer.

　　When defending rights, I don’t know the "ten times compensation" rule

　　How much should be paid if you eat unclean food when ordering takeout? Many consumers are unaware of this.

　　Recently, Ms. Xu ordered takeout through a third-party platform for ordering food online, but ended up eating a worm. After complaining, she was only compensated with a 10 yuan voucher from the platform. Ms. Liu also had a similar experience. She ate cockroaches in takeout, and "the merchant proposed 300 yuan for private use." Both told reporters that they did not know the specific legal provisions.

　　According to the Food Safety Law, if you produce food that does not meet food safety standards or operate food that you know does not meet food safety standards, in addition to claiming compensation for losses, consumers can also demand compensation from the producer or operator for ten times the price or three times the loss; if the amount of increased compensation is less than 1,000 yuan, it is 1,000 yuan.

　　Zhang Liwen, a lawyer at Beijing Shi Law Firm, said in an interview with reporters that if it costs 70 yuan to order takeout, consumers can ask for an additional compensation of 1,000 yuan instead of 700 yuan, but he also reminded consumers that they should provide sufficient evidence to prove that the food "does not meet food safety standards".

　　Merchant –

　　The safe consumption time limit is not marked on the takeaway packaging.

　　Many places have placed requirements on online catering packaging. Beijing, Sichuan, Fujian and other places require food to be marked with cooking time and safe consumption time limit. But when asked by reporters, several restaurant staff in Beijing said they were "not aware of this regulation" and would not put similar labels on takeaway packaging.

　　The "Beijing Municipal Measures for the Supervision and Administration of Online Food Business (Interim) " clearly requires that food operators engaged in online ordering services should affix labels to food packaging, indicating the time of food processing and consumption, and reminding consumers to eat as soon as possible to avoid long-term storage.

　　"This rule is reasonable and should be strictly enforced," Zhang Liwen pointed out. "When you go to a restaurant to eat, it is common sense that the food is newly made. But there is no supervision link when ordering takeout, and merchants should indicate when the food is made and how long it can be eaten."

　　The reporter noticed that Beijing, Sichuan, and Fujian have relatively strict requirements for online catering packaging, while Shanghai, Zhejiang, and Liaoning have relaxed, "encouraging or recommending" affixing labels to indicate food processing time and consumption time limit.

　　Platform –

　　Unannounced merchant food business license

　　In order to prevent "black workshops", Shanghai, Beijing, Fujian and other places not only require third-party platforms to review the food business license qualifications of online food operators, but also require third-party platforms to publicize information related to food business licenses on their websites.

　　Beijing stipulates that third-party platform providers shall review and register the qualifications of food operators applying to enter the platform, timely update the operator’s identity certificate, food business license and other qualification certification materials, and publicize relevant information on the main page of their business activities.

　　Reporters searched and found that the merchant pages of several well-known third-party platforms in Beijing did not publicize relevant qualification information. Although some platforms added a column of "merchant license", some merchants did not upload the license.

　　"There are some difficulties in the process of verifying the qualifications of merchants," Meituan said. "The base of merchants is large, the verification time is long, and it is difficult to distinguish the authenticity of the qualification documents of some merchants."

　　The delivery man…

　　There is a situation of "no health certificate" employment

　　Shanghai, Beijing and other places require food delivery staff to obtain a health certificate. Meituan and Daojia Food Club both said that delivery staff must undergo a medical examination and obtain a health certificate before they can work. "This is a hard and fast rule."

　　According to the Daojia Food Club, the company has a special person to register and manage the information of the employee’s health certificate. When the employee’s health certificate expires for one year, it will urge and supervise the employee to update and register.

　　However, the reporter learned that in order to save costs, some merchants choose to deliver by themselves, sometimes hiring people to deliver food specially, and the compensation is calculated according to the singular number of delivery. Due to the high mobility of food delivery staff, they will not check whether they hold a health certificate, and there are also cases of "unlicensed employment".

　　Extend –

　　How to resolve online ordering disputes?

　　On July 12, Mr. Yue attracted widespread attention by posting a Weibo post online in which he claimed that he had received 19 stitches after ordering food through Ele.me at a store in Jinan called Marriott Donkey Meat Fire, where he was slashed at the door with a knife for giving a bad review.

　　In an interview with reporters, Mr. Yue said that after the June 26 complaint, for as long as half a month, Ele.me only said that it had upgraded the processing, and did not leave any contact information of the person in charge. "The processing of the merchant was only to close the online payment function for a week, and then continue to operate."

　　In response, the official Weibo of Ele.me responded on July 13, saying, "We oppose all violent words and deeds, and will not and cannot support any illegal party."

　　Zhang Liwen believes that third-party platforms have the responsibility to deal with disputes. First, the platform should announce and punish the merchant’s behavior online; second, it should notify other third-party platforms and suggest that they carefully consider cooperating with the merchant, or blacklist the merchant and refuse to cooperate.

　　He said that if consumers encounter food safety problems and merchants and platforms do not deal with them, considering the high cost of filing a lawsuit to the court, they can choose to go to the industry and commerce, food and drug administration or consumer associations to complain. It is recommended that relevant departments establish a quick handling mechanism to reduce the cost of consumer rights protection and ensure that consumers receive prompt and reasonable compensation.

　　The Food Safety Law stipulates that the food and drug supervision and management, quality supervision and other departments of the people’s government at or above the county level shall publish the e-mail address or telephone number of the department to accept consultation, complaints and reports. If a consultation, complaint or report is received, it shall be accepted and promptly replied, verified and dealt with within the statutory time limit; if it is not the responsibility of the department, it shall be handed over to the department with the power to deal with it and notify the consultation, complaint and whistleblower in writing.

　　The staff of the "12331" food and drug complaint hotline told reporters that if consumers can provide the specific location and name of the merchant, they can accept complaints and deal with them. (End)

　　The Beijing News (Reporter Liu Wei) After nine weeks of long selection, the final selection of "Through Spring Festival Gala" ended the night before, and finally Ping An, Xu Yina and Upsasa won. The three accepted the invitation letter from Havin, the general director of the 2013 year of the snake Spring Festival Gala.

　　safe and sound

　　The first one to get the ticket.

　　The popular contestant Ping An sang Sun Nan’s song "Pursuit" that night. As the original singer, Sun Nan affirmed Ping An’s singing, thinking that his chorus played very well, except for a small part in front. Next, Ping An played steadily, and in the final confrontation with another unbeaten Apsasa, there was a dramatic scene of 30 votes to 30 votes on the field. At the crucial moment, Ping An sang the English song "Without You", and three judges on the scene, Li Xincao, Sun Nan and Gao Xixi, all voted for Ping An, so Ping An became the first player in this field to board the 2013 Spring Festival Gala. Thank you for your support. "This made me understand that I should sing well in the future. As long as there is tomorrow, it is a new beginning."

　　Apsasa, a Dulong boy who won a high number of votes with the "Divine Comedy" that no one understood, kept the victory to the end like Ping An. He maintained his unique ethnic minority style, and performed magnificent songs such as "Oriental Grand Canyon".

　　Xu Yina

　　"Thank those who support me and those who criticize me."

　　Xu Yina, the "soprano queen", defeated many rivals with her Leng Yan appearance and high-pitched voice, and twice defeated Zhang Hexuan with high votes, which also pushed her to the forefront. Her performance in this selection was well received and finally knocked on the door of the 2013 Spring Festival Evening. At the press conference after the game, when someone questioned Xu Yina’s performance, she said, "I thank those who supported me and those who criticized me. I am grateful, and I hope to use time to prove everything."

　　Jinchi: "There are still many opportunities after this year’s failure"

　　■ beads

　　In the last night’s final, Jinchi’s defeat was also quite regrettable. In the first round, Jin Chi sang a song from her album many years ago, "Never Change". She felt that this song was the most in line with the current mood in that album. This song reminded her of the sad process of "grinding a sword for ten years". Past events such as losing her front teeth in a car accident and singing in a bar to pay off debts came to her mind, and Jin Chi burst into tears in the spotlight.

　　Director Ha Wen also supported Jinchi at the critical moment of the confrontation between Jinchi and Mujiangzi. "Her calm and comfortable state was born for this stage. I just expressed my personal preferences. I prefer Jinchi."

　　However, in the end, Jinchi was still slightly inferior in the competition with Apsasa, and Jinchi, who had a high voice, regretted leaving.

　　After leaving, Jin Chi still showed optimism and open-mindedness. "I have a very rare opportunity to stand on such a big stage. The Spring Festival Evening is not only this year, but there will be many opportunities after this year."

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