At the 2023 Shanghai Auto Show, Wang Bo, deputy general manager of the sales company, talked to Aika Auto. Wang Bo said that as the first model of the Galaxy series, the mission of the Galaxy L7 is to be the first choice for smart travel for Chinese family users, and to break into the first camp of China’s A-class smart electric hybrid SUVs. The following is the transcript of the conversation.

　　Aika Auto: Mr. Wang, what new cars and new technologies did the brand bring to the Shanghai Auto Show?

　　Wang Bo:Geely is in Hall 5.1 of this Shanghai Auto Show, bringing the core products of the Galaxy L7, which is the first SUV of the Geely brand’s mid-to-high-end new energy series – the Galaxy series. The prototype car of the Galaxy series "Galaxy Light" is also on display. In addition, there are geometric series such as Panda mini and Geometric G6/M6, (|) Hi · P, (|) Hi · F, (|) Hi · P and other hybrid products and (|). At the Geely booth press conference this morning, we released the Galaxy L7 Smart Love cockpit system to bring users more intelligent and scene-based experience. This is the situation of Geely’s booth at this Shanghai Auto Show.

　　Aika Auto: Bank L7 made its debut and appearance at the auto show as a new model. What role does the Galaxy series play? Product features?

　　Wang Bo:The Galaxy series is a mid-to-high-end new energy series released by Geely brand in February this year. At present, Geely Automobile is divided into three series. The Galaxy series just mentioned focuses on the high-value new energy market above the 150,000. Geometry series is mainly an entry-level cost-effective new energy vehicle, mainly within 150,000. The original Geely series, called the Jixing series, is mainly in the current fuel vehicle market to seize share.

　　As the first model of the Galaxy series, the mission of the Galaxy L7 is to be the first choice for Chinese family users to travel intelligently, and to break into the first camp of China’s A-class smart electric hybrid SUV. This model will be delivered in the second quarter. This morning, we released the Smart Love cockpit, and also released the L7 Super Experience Officer plan. From the users who have ordered nationwide, 100 people will be selected to test drive this model first. Of course, in addition to experiencing the product power, we will also give us more rationalization suggestions. We will apply these suggestions to the later product upgrades and improvements, so as to make this car a model without shortcomings in the smart electric hybrid market.

　　Aika Auto: Is it a rational co-creation based on experience?

　　Wang Bo:Yes, Geely has always been committed to co-creation with users. Before today, many of our models were constantly involved in the research and development process, such as vehicle styling design, body color, interior seat fabric, and even the interface design of the car-machine system. Open the door and build a car, this has always been Geely’s philosophy.

　　Aika Automobile: The current growth rate of new energy is relatively rapid, but considering the domestic and global markets, new energy and fuel vehicles will develop simultaneously in a short period of time. How should Geely respond?

　　Wang Bo:I think the point I just talked about is also one of the focuses of the industry at present. We call it the Chinese auto market and even the global auto market. There are two certainties. One certainty is that new energy is growing rapidly, especially in the first quarter of the Chinese auto market, where the proportion of new energy is close to 30%. The other certainty is that the fuel vehicle market still has a relatively large volume. In the case of coexistence of the two for a long time, Geely Automobile has also adapted and embraced changes, making some optimizations and adjustments to its organizational structure.

　　This year, we established three business divisions, Galaxy Division and Geometry Division, which mainly seize the opportunity of rapid development of new energy and realize the rapid transformation of enterprises to new ones. In March this year, our new energy sales accounted for more than 25%. Jixing Division is responsible for the fuel vehicle market and strives to achieve the ultimate share in the Chinese automobile fuel vehicle market. Geely has always been highly competitive in the fuel vehicle field, and our goal has always been to be the first in China’s brand fuel vehicles.

　　Aika Automobile: 2023 is Geely’s product year and the year of accelerated new energy transformation. What are the plans for the overall product layout?

　　Wang Bo:The first model of the Galaxy series just mentioned, L7, will be mass-produced and delivered in the second quarter. The second model, L6, which is a sedan, will be delivered to users in the third quarter, and a pure electric model E8 will be delivered in the fourth quarter. In addition, Geely’s fuel vehicles also have new products, and a new model will be released at the end of this month (|) COOL. This model has a 2.7-meter wheelbase and is also the most mainstream A-class SUV. Our positioning is to create the strongest SUV model in the 100,000 class. He will form a product matrix with Boyue L to strengthen Geely’s share in the A-class SUV market. In addition, our China Star high-end series and Shuangbin will have new annual models released and launched one after another.

　　Aika Automobile: Everyone says that the second half of new energy is intelligent. Geely launched the Geely 2025 strategy in 2021, so now it has also made a series of layouts. What is the progress of Geely’s intelligent field so far? What are the results?

　　Wang Bo:After the release of Geely’s Smart 2025 strategy, it has been advancing steadily and orderly according to the overall strategy. Geely Automobile has always maintained strategic resolve, and intelligent results are gradually emerging. The Galaxy L7 Smart Love cockpit we just talked about this morning is actually part of Smart Geely 2025. In addition, in terms of chips, the "No. 1" self-developed chip has been mass-produced in March, and Geely’s self-developed chip will also be put on the brand 08 model for the first time. In addition, the Xingrui Smart Computing Center has been launched in February. It is the smart computing center with the largest scale of self-built equipment, leading comprehensive computing power, the most comprehensive business coverage, the strongest intelligent support capacity, and high security level among domestic car companies. The implementation of this series of achievements will be gradually applied to Geely’s new models.

　　AIKA: Okay, thank you.

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Suddenly in the early morning! 6.9 magnitude earthquake! Under the multi-party game

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!"

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　　China News Service, June 14. On June 13, during the law enforcement inspection process, Shanghai Yiwang car-hailing broke through the customs and escaped, causing four injuries. The Shanghai Municipal Transportation Commission Law Enforcement Corps urgently interviewed Didi about the case on the 14th. Didi responded that it actively cooperated with the police to investigate the perpetrators. Staff have been dispatched to the hospital and will advance all medical expenses and arrange accommodation for the families of the injured.

　　Didi said that yesterday morning (June 13), a Didi driver in Shanghai lost control of his nervousness while evading transportation management law enforcement, and his car rammed into transportation management staff and passers-by, causing multiple injuries, one of which was seriously injured.

　　After the incident, Didi immediately set up an emergency working team and dispatched staff to the hospital at noon yesterday to go all out to do a good job in the rescue of the injured, including paying all medical expenses in advance, arranging accommodation for the families of the injured, etc. Everything is to treat the injured as the first priority. At the same time, Didi has been actively cooperating with the police to investigate the perpetrators.

　　Didi expressed that it is very sad and sorry for this unfortunate incident. Under any circumstances, safety is an untouchable red line, and Didi resolutely resists and condemns any behavior that ignores the safety of others.

　　According to the official WeChat news of the Shanghai Municipal Transportation Commission, on the morning of June 13, the Shanghai Municipal Transportation Commission Law Enforcement Corps and Jing’an Traffic Police were conducting law enforcement inspections at the intersection of Zhenning Road, Yan’an West Road. An illegal online car-hailing car escaped, causing four people to be injured in the process. After investigation, the white BYD car of the escape car "Shanghai AF08630" was registered on the Didi platform in May 2018, but neither the driver Hao nor the car had the qualifications to engage in online car-hailing business.

　　On the afternoon of the 13th, the Shanghai Municipal Transportation Commission Law Enforcement Corps launched an investigation into the driver Hao’s unauthorized operation of taxis. The driver will face a fine of 10,000 yuan and a penalty of temporarily withholding the motor vehicle driver’s license for three months. In response to the Shanghai branch of Didi Chuxing Technology Co., Ltd. providing ride-hailing information services for drivers and vehicles who do not have the qualification to operate, the Shanghai Municipal Transportation Commission Law Enforcement Corps has also filed an investigation, and the platform company will face an administrative penalty of 100,000 yuan. In addition, the public security department will further investigate the driver’s suspected violent resistance to the law and other behaviors.

　　On the morning of June 14, the Shanghai Municipal Transportation Commission Law Enforcement Corps will urgently interview Didi Chuxing Technology Co., Ltd. Shanghai Branch on this case.

1905 movie network feature Spring is strong, and April is approaching, and the spring-filled film market will also usher in a new lineup. Up to now, there have been many good films at home and abroad aimed at the Qingming Festival, with diverse film types and star-studded films, making people dizzy.

Among them, leading the release in front of the Qingming Festival, can it be better?

At the same time, in the new film of Qingming Festival, there are not only director Wan Dan Caima’s posthumous work, but also the new film of the animation master, and the film "The Great" Anti "and other films to be screened. During Qingming Festival, who can win the championship in one fell swoop?

Film critic Wu Yanyu said on the program that this year’s Qingming Films are destined to be a special schedule. On the one hand, this year’s films will give audiences a lively, rich and relevant experience in Qingming Films, and the previous weekend’s films will continue to release energy during the schedule. Movies about life thinking such as "Let’s Shake the Sun Together", "Snow Leopard" and "What kind of life do you want to live" can also attract more viewers’ attention in this schedule.

On the other hand, when the residual heat of the Spring Festival is gradually exhausted, and the May Day and summer holidays have not yet arrived, the Qingming file plays a connecting role at this time. Many films are set here. While seeking their own positioning, they also hope that the audience’s viewing enthusiasm and viewing habits can be better continued.

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"Godzilla vs. King Kong 2: Rise of the Empires"

Director:

Starring:,,

Plot Synopsis: After the last Monster Burning Battle, King Kong and Godzilla will once again join forces to confront a great threat lurking in the world, and gradually explore the origin of these beasts and the mysteries of places such as Skull Island. At the same time, the veil of the ancient battle will also be revealed. It was the battle that created these extraordinary creatures and profoundly affected the fate of the human world.

What to watch: A new film released on the 10th anniversary of the birth of "Monster Universe" will also comprehensively upgrade the story between Godzilla and King Kong, the two monster kings. The film will tell the story more deeply from the perspective of monsters, allowing audiences to understand and explore more of the grand world view of the monster universe.

"Galaxy Writers"

Director:/

Starring : / / / Li Wenru/Song Xiaoliang　

Synopsis: A screenwriter who doesn’t listen to any revisions (Song Muzi, played), a screenwriter who listens to all revisions (Hewenjun, played), an arrogant, a bold, the strongest in the galaxy (Ruo) Party B, to challenge the top Party A company’s talent.

What to watch: The film has exploded since its debut at the film festival. As the "survival apocalypse of contemporary migrant workers", the film may become the next "workplace movie" hit.

"Let’s Shake the Sun Together"

Director:

Starring : / / / / Liu Dan

Synopsis: When "brainless" Lu Tu (Peng Yuchang, played) meets "unhappy" Ling Min (Li Gengxi, played), two young people with severe illness but very different personalities, because of the "Relay of Life" agreement, they accidentally embark on a healing journey full of love and strength.

What to watch: The film is the final chapter of Han Yan’s "life trilogy". Although it is a second set, there is no doubt that the love story of the critically ill patient is more suitable for the social emotions in the Qingming period. The superb acting skills of the two young stars and the spirit of facing life with a positive and sunny attitude can make people feel the power of the film.

The Snow Leopard.

Director:

Starring : / / /

Synopsis: A snow leopard breaks into a herdsman’s sheepfold and kills nine sheep. Therefore, the herdsman father and son are at odds. The son insists on killing the leopard, but the father insists on releasing the snow leopard. Faced with the huge loss of nine sheep, release or kill? The fates of humans and snow leopards seem to be tied together.

What to watch: This film is the last work of director Wanma Tseden, and it is also a story about how people and animals eventually get along. Director Wanma Tseden focuses on the story of his hometown on the Qinghai-Tibet Plateau to analyze the contradictions and conflicts between all things from a unique perspective, and also hides the grand proposition of human nature and life, which is worthy of deep consideration for every audience.

"What kind of life do you want to live?"

Director: Hayao Miyazaki

Starring: Satoshi Yamashi / / / Aimu/ 　

Synopsis: After the mother of the young Muzhen dies in the sea of fire, he forms a new family with his father and stepmother. Deep in sadness, Zhenren is gloomy and withdrawn, and it is difficult to integrate into the new environment. An accident, he follows a talking heron into the abandoned mysterious tower, but unexpectedly enters the fantasy "world of the dead" and embarks on an incredible adventure.

What to watch: The film is regarded as the 83-year-old Hayao Miyazaki’s "life film, farewell work". The superb production and story core have won the film global recognition. It has won a double harvest at the overseas box office and won several awards, including the 96th Academy Awards for Best Animated Feature. This time, the Qingming schedule was selected for release, and domestic audiences were also full of expectations. The number of people who wanted to see it has been far ahead of the films in the same schedule.

"The Grass World"

Director:

Starring : / / / /

Plot synopsis: Wu Tahua (Jiang Qinqin, played) is driven away from the tea garden by her lover (Chen Jianbin, played) on her front foot, and her back foot is tricked into the MLM organization "Butterfly International" by her closest good sister Jin Lan. After newly graduated college student He Mulian (Wu Lei, played) finds her mother, Wu Tahua, trapped in the MLM quagmire, she begins to try her best to rescue her.

What to watch: The film combines the story of "Mulian Saving the Mother" with the realistic issue of "anti-pyramid scheme". Through the victim’s perspective of He Mulian and Wu Taihua, it reveals the emotional manipulation behind pyramid scheme, restores the real scene of pyramid scheme, and shows the pyramid-style brainwashing trap. Jiang Qinqin also won the Best Actress of the 17th Asian Film Awards with this film. Her wonderful performance in the film is also worth looking forward to.

"The yellow bird is behind!"

Director:/

Starring : / / / / 　

Synopsis: Guan Xiuying (played) is brutally murdered, and the suspects with disparate identities have their own motives. Powerful people buy murderers to kill, gambler Zheng Wei (played by Huang Jue) sees the money, and a desperate woman Xiao Yazhen (played by Tao Hong) takes revenge and kills… Under the tracking of police officer Yuan Wenshan (played by Feng Shaofeng), it is found that there is another secret to the case.

What to watch: The film’s suspense elements are dense, the story and characters are set to be curious, the plot is reversed many times, and the truth is confusing. It coincides with the ancient Chinese saying "the mantis catches the cicada, and the yellow sparrow is behind". In addition to the "real murderer", there is also the real murderer.

Original, Team Author, Shuaizhen Business Vision

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

Produced by Shuai Zhen Business Vision (ID: ailishi777)

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

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

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

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

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

Only there are no electric luxury cars.

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

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

01

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

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

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

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

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

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

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

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

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

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

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

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

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

02

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

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

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

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

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

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

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

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

This decision saved Skyworth.

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

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

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

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

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

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

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

03

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

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

The bad news doesn’t stop there.

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

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

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

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

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

The court upheld Wang Sicong’s request.

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

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

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

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

END

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

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　　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

　　　　　　 CCTV News:Nowadays, it is becoming more and more common to travel through online car-hailing, but there are some hidden hidden operations, which "add a little bit of congestion" to travel. A reporter recently found in Beijing that Didi Express has "rejected orders, refused orders" and "induced passengers to cancel orders". Sometimes, passengers not only have difficulty completing the trip smoothly, but also inadvertently lower their credit rating on the Didi platform, which affects future online car-hailing trips.

　　　　　　 Drivers who take orders and refuse to take them may be related to the Didi Express reward model. According to several Didi Express drivers, the model of Didi Express rewarding drivers has changed in recent years. At present, Didi Express drivers need to follow the driver-side application prompts and receive a certain number of singular numbers in different reward models to get bonuses.

　　　　　　 Didi Express customer service introduced that how many orders have to be completed in a day, how much is the reward, such as how many orders are completed from what time to what time, how much is the reward, and there is that kind of reward. The driver-side display is the main one every day, and it is also possible that there may be several rewards a day.

　　　　　　 In the current mode of Didi Express assigning orders, some drivers will selectively cancel orders in order to earn bonuses for the number of orders they receive, while passengers will spend more time and energy to complete online car-hailing trips, and even inadvertently lower their credit score on this platform.

　　　　　　 Didi Express driver: "Many people are like this, because in order to get a reward of 100 yuan, he pulled this order a little farther, forty or fifty, and may not be able to get the reward because of this order."

　　　　　　 Who cancels or "demotes" the driver to induce "Youdao"

　　　　　　 During the reporter’s investigation, it was learned from a number of Didi Express drivers and customer service that as a constraint on express drivers by the platform, the driver voluntarily canceled the order, which may be regarded as a violation. During the investigation, many express drivers said that they would be fined 10 yuan per order and deducted corresponding service points.

　　　　　　 In order to further avoid the financial penalties and deductions of service points that may be caused after the passenger complains about the active cancellation of the order, many express drivers said that they will find some reasons to excuse themselves, and some drivers will ask the passenger to cancel the order, claiming that the cancellation of the order by the passenger has no impact on themselves.

　　　　　　 The truth is as the driver said, does it have no impact on the passengers? However, the reporter got the opposite answer from several other Didi Express drivers and customer service. According to the Didi Express driver, the current platform implements two-way constraints on drivers and passengers, and passengers take the initiative to cancel orders, which may also reduce credit value. At present, after the Didi Chuxing APP completes the express order, passengers and drivers have two-way evaluations. The customer service introduced that both drivers and passengers implement a 5-point credit score rule. Some express drivers said that after receiving the order, they found that the passenger’s credit score was lower than 4 points, and the rejection rate would be greatly improved.

　　　　　　 Complain to the platform, but do not inform the result of the complaint?

　　　　　　 Legal experts said that filing a complaint with the platform is the cheapest and most efficient measure for passengers to protect their rights. According to the customer service of Didi Express, express drivers who are found to have violated the rules after verification will usually be dealt with in three ways: warning, financial punishment and ban punishment according to the severity of the situation. But the final processing result will not be fed back to passengers.

　　　　　　 Liu Junhai, a professor at Renmin University of China Law School, introduced that Article 8 of the Consumer Rights Protection Law of our country stipulates that consumers have the right to know the real situation of their use of goods or services. In order to protect consumers’ right to know, Article 20, paragraph 2, also specifically stipulates the information disclosure obligations of business operators.

　　　　　　 Professor Liu Junhai believes that the online ride-hailing platform, as the creator of the transaction model, the drafter of the transaction rules, the selector of the relevant drivers, and the winner of the relevant economic benefits, should resolve consumer complaints as soon as possible as the preferred solution to resolve disputes. Not only from a legal perspective, but also from a business ethics perspective, it is not enough to develop the market and occupy the market itself. The most important thing is that enterprises should stand together with consumers consciously, learn to think from a different perspective, and further optimize their own complaint and dispute resolution process from the perspective of consumers.

　　In 2024, Geely Xingrui, Xingyue L and Xingyue L Zhiqing launched four new models, namely Xingrui 2.0TD Qingyun Edition and Xiaohan Edition; Xingyue L Changfeng Edition, Xingyue L Zhiqing Nebula Edition. There is little difference between these new cars as a whole and the models on sale, only the adjustment of configuration/price.

　　Xingrui 2.0TD Qingyun Edition/Xiaohan Edition

　　The Qingyun version/Xiaohan version listed this time is based on the Xingrui 2.0TD model, which also locates compact cars and continues the design of the current models. Including the iconic straight waterfall front grille, the smooth line direction of the whole car on the side and the chrome-plated design at the rear of the car.

　　On the basis of the 2.0TD luxury model, Qingyun Edition has upgraded 18-inch rims, sports appearance kit, leather/fabric mixed seats, front seat heating, 10-speaker BOSE audio, multi-color ambient lights, L2-level driver assistance functions and many other configurations.

　　Xiaohan Edition further adds 7.5-inch HUD, wireless charging of front mobile phone, ventilation of front seat, memory, negative ion air purifier and other configurations, and the texture and experience of by going up one flight of stairs by car.

　　There is no change in power, and it is still a 2.0TD four-cylinder turbocharged engine with a maximum power of 140 kW (190 HP) and a peak torque of 300 Nm. The transmission system is matched with a 7-speed dual-clutch gearbox.

　　Xingyue l Changfeng edition

　　Xingyue L Changfeng Edition is also based on the 2.0TD model, maintaining the atmosphere and stable style of the current model. The shield-shaped front grille is still used with a straight waterfall-type middle net, which is highly recognizable. The rear of the car continues to use penetrating taillights, and the internal light groups are arranged in a three-dimensional array.

　　In terms of configuration, Changfeng Edition has added front and rear air curtains, induction trunk, 12.3-inch entertainment screen for co-driver, front seat heating, main driver seat memory, dual-zone air conditioning, L2 driver assistance and other configurations.

　　The new car continues to use a 2.0TD turbocharged engine with a maximum power of 160 kW (218 HP) and a peak torque of 325 Nm. The transmission system is matched with a 7-speed wet dual-clutch gearbox.

　　Xingyue l zhiqing nebula edition

　　The new car is built on the basis of the existing Xingyue L Zhiqing model, and there is no big change in the appearance and interior, only fine-tuning the configuration — — The outer rim is 19 inches, and the auxiliary/lane-changing warning function is cancelled in the car.

　　The new car continues to use the 1.5TD hybrid special four-cylinder engine of Geely "China Xingzhiqing", with a thermal efficiency of 44.26%, a maximum power of 120kW and a peak torque of 255nm. The transmission system is matched with 3-speed DHT system (P1+P2 double motors). The acceleration time of 0-100km/h is 7.9 seconds, the fuel consumption per 100 km under WLTC condition is 4.79L, and the comprehensive endurance exceeds 1300km. (Source: Geely Automobile)

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.