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Messages of reminders spread frequently, and complaints were made about the late delivery… Takeaway riders want to "decompress" the most.

A takeaway rider is on his way to deliver food. Photo by Xinhua News Agency

▲ The countdown will be prompted for 10 minutes, 5 minutes, and 1 minute, the purpose is to remind the rider not to be late.

  The development of takeaway platforms has greatly facilitated people’s lives. But did you know that behind every punctual delivery, there is a takeaway brother who is "racing against time". In order to earn a delivery fee of less than 5 yuan per order, regardless of wind, rain, cold and heat, they keep going back and forth between merchants and customers. Is there any protection in case of traffic accidents? What is the loss of customers giving bad reviews? How can we provide the best service? Recently, a reporter from Beijing Youth Daily interviewed some ordinary takeaway riders to hear their thoughts on this job.

  Takeaway platform positioning love problems

  Calculating time and distance is "short of weight"

  The development of technology has allowed for a larger area of takeout radiation, and more accurate display of location positioning and delivery timing. Due to this, the work intensity of riders has also increased.

  In the past two years, various takeaway platforms have gradually reduced the unit price of food delivery, from a minimum of 6 yuan per order to less than 5 yuan. As in the past, there are fewer and fewer riders with a monthly income of over 10,000 yuan. If riders want to earn more money, they have to run more orders. Zhao Lei, a takeaway rider, introduced to the Beiqing Daily reporter that for riders, the pressure to receive orders is mainly on the delivery time. Because the delivery time given by the platform starts from the merchant receiving the order. After the merchant has a meal, the rider picks up the meal and delivers the meal. It is equivalent to the merchant and the rider being a baton. The merchant is slow to deliver meals, and the time consumed must be "recovered" by the rider.

  "Some merchants get a lot of orders at once, or if a customer orders a few complicated dishes, the meal time may be slow. The platform may give 50 minutes for delivery, and the merchant takes 40 minutes for delivery, but the rider’s time is only 10 minutes." Zhao Lei said that although the rider’s pickup and delivery time will be displayed separately to customers on the ordering platform, if the waiting time is too long for customers, they will not carefully care whether the merchant is slow to deliver the meal or the rider is slow to deliver the meal.

  After running takeout for two years, Zhao Lei found that each takeout platform has an unspoken rule: the distance displayed on the mobile phone is always shorter than the distance displayed by the road navigation.

  He took his mobile phone and gave an example to the reporter of Beiqing Daily. For example, the order from Paris Beitian (Old Palace Vanke Store) to Yantou Cuicheng Xinyuan shows 9 kilometers on the rider’s mobile phone, but if you use Baidu to navigate, the shortest distance of this route is 9.6 kilometers. For example, from Scorpion Palace Yang Scorpion (Panjiayuan Store) to Huamao Apartment Building 2, the mobile terminal shows 5.1 kilometers, but the road navigation shows the shortest 5.4 kilometers.

  "The distance shown by the platform is all less than the navigation. The farther the distance, the more different it is. On average, one order can be different by 500 meters. If I send three orders at the same time, it can be different by 1.2 kilometers.

  In the WeChat group of the Knight Alliance initiated by Zhao Lei, the riders also believed that the platform was "short of weight" when calculating time and distance. Some riders used Baidu Navigation to measure the 10 orders provided on the platform, all of which were shorter than the navigation distance.

  Riders believe that this situation will bring a variety of adverse effects. First, it will bring wrong judgments to the rider, thinking that the distance is close enough to run a few more orders, but the result is that the distance is inaccurate, resulting in a delay in the order being punished. Second, after the distance is shortened, the rider’s delivery fee will also be reduced accordingly. Although it may only be reduced by a few cents, it is not easy to be noticed, but it adds up, and a rider will lose more than ten yuan a day. Third, customers who place orders will subconsciously feel that the distance is very close, which increases the customer’s impatience, and the rider has to speed up in order to recover the distance gap.

  A "bad review" will deduct money and lose the reward.

  Work is inevitably wronged

  Because the riders have been "running" on the road, the probability of traffic accidents is relatively high. Every day or two, someone in the Knight Alliance WeChat group will send out videos of riders having traffic accidents. In order to ensure the medical expenses of the delivery staff in the event of personal accidents, the delivery platform has insured each rider, and the insurance is 3 yuan per day, which is automatically deducted from the order fee. "But when the real claim is settled, there are a lot of rules and regulations, and it cannot be compensated," Zhao Lei said.

  Among the problems between riders and customers, the wrong address is the most common. Zhao Lei had received an order from Songjiazhuang to Building 113 in Area B of Baiziwan Home, but when he arrived at Area B of Baiziwan Home with the goods, he found that there was no Building 113 here. When Zhao Lei called the customer to communicate, the other party repeatedly said that the address was correct. "I had four orders at that time, and this one was delayed for a long time. Later, the community security reminded me, could it be the coastal Sailuo City community next to me? I found Building 113 of Coastal Sailuo City, and then found the customer who ordered the order."

  After seeing the customer, Zhao Lei said to him: You wrote the address wrong. Unexpectedly, the other party came up and asked him directly: Do you want money? Zhao Lei said, I’m not asking you for money, I’m just explaining to you the reason why the order timed out. As a result, the other party cancelled the order and gave Zhao Lei 27 yuan to keep the goods. Zhao Lei then went to deliver several other orders, but the other three orders were timed out by two and the money was deducted. As he was walking back, he received the first customer’s complaint: the service attitude was not good, so he was fined 50 yuan. "One complaint lost the Zhou reward, and the other two orders were delayed. I lost at least 150 yuan," Zhao Lei said.

  Communication skills are essential

  Sometimes you have to give up

  The 40-year-old Huang, who has won the championship in running orders many times, taught Zhao Lei and other young riders to learn to communicate with customers. "For example, if the order is also hung online and no one picks it up, if the customer calls to urge, I will say, your order has been hung online and no one picks it up, and I have not timed out here," Huang said. "At this time, you should quickly appease the customer and tell him, ‘Be patient, I will deliver this order to you immediately after delivery.’ In most cases, the customer can understand."

  "We have to find a way to reduce our losses. If we argue with the other party and the other party complains about bad reviews, we will be deducted more, and it will also affect the rewards later. It’s not worth it," Huang said.

  Communicating with the platform cannot be entirely online

  We hope to establish an industry association to provide assistance

  Old Huang felt that the platform’s management of riders was too loose, and he rarely saw the platform’s webmaster. Whether it was communicating with the webmaster or customer service, he had to use the phone and the Internet. The platform should strengthen the psychological counseling and quality training of riders, "Riders are under a lot of pressure, and most of them are young people. If they don’t know how to deal with things, they may have a quarrel."

  Decompression was also one of Zhao Lei’s original intentions for creating the Knight Alliance WeChat group, "The platform will not guide you in training, and there is no channel to vent." Now there is a Knight Alliance WeChat group, and we will organize riders to gather and eat from time to time, and everyone will chat together. In addition, the riders in the Knight Alliance WeChat group will help each other, and whoever has a car that dies halfway will have riders on the way to help him charge.

  Zhao Lei hopes to establish an industry association based on the WeChat group of the Knight Alliance, and has the opportunity to register with relevant departments to provide training, assistance and protection for takeaway riders.

  Beijing Youth Daily reporter, Zhang Ziyuan

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Huawei Ascend P7 Arsenal customized version sold for 2888 yuan, listed in August, on sale by appointment

  On the evening of July 12, Huawei held the "Huawei Mobile Phone Brand Tour – Football Carnival" event in Beijing. During this event, Huawei showcased a variety of products for us, including the latest P7 and Mate 2, Maimang B199, G660 and other models. In addition, Huawei launched a customized version of Huawei Ascend P7 Arsenal at this event, which was launched in August in the form of limited sales.

  Related reading:Huawei Ascend P7 detailed review: the appearance and workmanship are improved, the running score is average, and the photo effect is good

Huawei Ascend P7 Arsenal Customized Edition (picture from @Huawei end point official Weibo)

  The Huawei Ascend P7 Arsenal Custom Edition is also known as the Gunner Phone, which is also consistent with the name of the Arsenal Gunners. The P7 Arsenal Custom Edition is related toNormal version P7The hardware is consistent, the only difference is the outer packaging and the back of the fuselage. The outer packaging of the P7 Arsenal customized version is red, and the back of the phone body is printed with the Arsenal team logo. In addition, some Arsenal-related themes and applications are also added to the system, which is also a benefit for Arsenal fans. In terms of colors, there will be black and white for users to choose from.

Huawei Ascend P7 Arsenal Customized Edition (picture from @Huawei end point official Weibo)

  In terms of hardware configuration, the Huawei Ascend P7 Arsenal customized version features a 5-inch screen with a resolution of 1920×1080, a HiSilicon Kirin 910 quad-core processor, a main frequency of 1.8GHz, and built-in 2GB RAM + 16GB ROM storage space. The same as the ordinary version, it adopts a double glass structure body with a thickness of only 6.5mm, which supports mainstream 4G networks.

  There were also a variety of Huawei devices unveiled at the event, including the ordinary version P7, Mate 2, G660, Maimang B199, Huawei Pad, etc. It is reported that the Ascend P7 Arsenal customized version will be sold in a limited form. It will officially start booking on August 10 and officially go on sale on August 16. The price is 2888 yuan. Fans and friends who like it can pay attention.

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How did Meituan kill herself step by step?

  Meituan, a platform that started as a group buying company, originally had rich resources and a user base, which could unify the takeaway world, but this good hand was actually smashed by Meituan!

  In recent months, Meituan has been in constant trouble. First, the Halal incident was killed by the masses, and then it was revealed that Meituan delivery staff stole and spit it back. Then Meituan ignored the requirements of the National Tourism Administration and added the hotel that denied the Nanjing Massacre to the app. These days, it was revealed that Meituan Hotel maliciously swiped orders in Lijiang!

  Meituan Halal event!

  Someone had posted the latest advertisement for Meituan takeaway on the Internet before, which read "Halal public food is served in double boxes, so that you can eat more at ease". Unexpectedly, there were voices denouncing Meituan’s "halal" and calling for "boycott Meituan". The Meituan App in the Apple App Store was bombarded by one-star reviews, and history called it "Meituan Halal Incident".

  The opinions of netizens are almost one-sided, thinking that Meituan is doing this to please the people who eat halal food, and it will undoubtedly increase the cost of storing it in separate boxes. Why should we people who don’t eat halal food share the increased cost? People who eat halal food should spend more, or our Han customers should spend less. This has caused a very bad negative impact!

  Meituan takeaway brother stole the dishes and spit them back!

  According to the mid-form video surveillance images, at around 0:50 a.m. on October 21, the deliveryman opened the takeaway lunch box in the elevator and moved the food.

  The scene was really hard to look at directly, and all this was recorded by the monitoring of the elevator and posted online. "Meituan, stop saying that it is not easy for the delivery guy, and strictly regulate the professional ethics of the employees, okay?"

  In this regard, Meituan customer service senior director Zhang Hongran responded that in the Meituan takeaway delivery staff code of conduct, it is clearly stipulated that during the delivery period shall not open the food without permission, otherwise it will be regarded as a violation of the red line, and the delivery staff will be dismissed and permanently blocked.

  Meituan ignored the request of the National Tourism Administration again

  Stealthily add the hotel that denied the Nanjing Massacre to the app

  In January this year, the Japanese APA hotel chain caused a lot of controversy in China, Japan and South Korea due to the exposure of right-wing books in the guest room, denying the Nanjing Massacre and the Korean comfort women incident, which aroused strong indignation among the Chinese and Korean people.

APA hotel chain in Japan

  At that time, the president of APA Hotel had the confidence to say that the incident was premeditated, and the hotel would never withdraw the book, claiming that in a few months, people would forget about it, and the hotel could even rely on this popularity to turn a profit.

  Unexpectedly, this situation really happened.

  On November 13, the Communist Youth League Central Weibo quoted Zhihu’s reply @Wang Ruiyang as saying that 10 months after the APA hotel incident, Meituan had begun to put the APA hotel reservation service back on the shelves.

  The Meituan website apparently ignored the ban issued by the National Tourism Administration, and completely put the words "don’t forget national humiliation" behind the interests.

  Although Meituan came out again this time and said that she would go offline as soon as possible, and solemnly apologized for this serious mistake, and promised to permanently go offline for all hotels under the APA hotel chain in Japan and never cooperate. Many netizens said that they have been disheartened and repeated, only looking after their own business interests and not standing in the interests and emotions of the majority of consumers, who can trust Meituan in the future?

  Meituan Hotel maliciously swiped orders in Lijiang

  On November 11, 2017, CCTV’s "News Live Room" program exposed that many inns in Lijiang had implemented online brushing orders, deleting their own praise and bad reviews at will, and using online false propaganda to mislead consumers. Of course, the establishment of word-of-mouth cannot be separated from years of hard work, but the collapse of the golden signboard may only take overnight.

  And this incident has brought to the surface a platform for swiping orders, that is, Meituan Hotel, which is used by the inn to swipe orders. To understand the deep-seated cause and effect behind Lijiang Inn swiping orders and deleting bad comments at will, we have to pay attention to and analyze the current situation and problems of Meituan Hotel business.

  Online "swiping" is a more hidden part of the chaos of Lijiang tourism, and Meituan Hotel is "assisting the tyrant"

  The online "swiping" chaos exposed this time is more hidden, and it is also part of the "deep water area" of Lijiang tourism chaos. It should have attracted customers with good service, and then naturally attracted praise, but it used fabricated praise first to attract consumers through false praise.

  CCTV reported that Mr. Li, a tourist from Chongqing, saw a chain of inns in Lijiang called Flower and Snow Moon on Meituan. The pictures of the rooms were beautiful, the price was relatively cheap, and there were many praise online, so he placed an order. But when the family arrived at the inn, they found that this was an ordinary farmyard. What made it even more difficult for him to accept was that he was bitten by mosquitoes in the middle of the night and could not sleep. He went to the front desk to report the situation. The other party said that mosquitoes were pets, and they would pay 100 yuan each if they were smoked to death…

  According to numerous media reports for a long time, Meituan Hotel has been suspected of "swiping orders" and "hotel data fraud". As early as the end of April 2017, in response to the data of Meituan Travel Hotel’s single-day room 1.20 million, there were reports that "the data is seriously illogical, and the fraud is too obvious". "Meituan’s single-day hotel room reservations during the May Day holiday reached a record high, but industry insiders revealed that its data is suspected of fraud, saying that all Meituan’s available inventory may be less than 1.20 million room nights."

  It’s amazing, my Meituan!

  summary

  Do ethnic minorities and Han Chinese really have to be treated differently? Does the management system of the takeaway brother have to have an accident before starting to govern? Does it really only take 10 months to forget national humiliation? There are also things like swiping orders to deceive the public, don’t you feel blushing?

  Meituan’s series of problems are fundamentally a problem with Meituan’s own mechanism. Business can have no boundaries, but there must be industry ethics. Benefits can be maximized, but there must be a business bottom line.

  Regrettably, Meituan has not built a complete set of mechanisms for business operation and problem prevention, which has led to a situation where problems are frequent and deadly crises may occur in all business links today. I sincerely hope that Meituan will pay attention to the cause and effect of these problems and rebuild its brand perception as soon as possible.

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Cao Dewang’s evaluation of Xu Jiayin is really poignant

A few days ago, at the 9th China Entrepreneur Development Annual Conference, Cao Dewang, chairperson of Fuyao Glass Group, talked about the crisis of Hengda, saying that Xu Jiayin 3.90 billion of his own capital in total, and actually loans can reach two trillion.

When referring to Evergrande’s current problems, Cao Dewang pointed out that the main reason for Evergrande’s collapse may be problems with its own investment decisions. "When we were studying abroad, there may be some punctuation marks that we didn’t see, didn’t learn well, and didn’t express clearly enough, so this kind of thing happened."

Cao Dewang also said that for the development of a company, it must have its own bottom line. "Don’t be greedy, but take it step by step. If you want to dig other people’s hearts, you should worry about whether your heart will be dug away." The correct and reasonable approach is to take it step by step, accumulate slowly, create dividends or wait for the market to give dividends, rather than relying on speculation and blind gambling.

In the past, Evergrande’s ambition in the automotive industry was very large, and it even felt like a gamble. Regarding the six new energy vehicles released by Evergrande in one go, Cao Dewang commented: "This is done by rich people like Xu Jiayin. If it is completely subsidized, it will be waiting for death."

At the 12th Auto Blue Book Forum last year, Cao Dewang once proposed that entrepreneurs should have three major responsibilities. The country is strong because of you, the society is advanced because of you, and the people are prosperous because of you. This is what an entrepreneur needs to do. If you can’t do it, don’t think about making money. "I have money and I want to save society!"

"The most successful approach is to adhere to the ancestral motto of respecting heaven and loving others. This is what Mr. Wang Yangming said, that is, we must adhere to this principle." Cao Dewang said this is the basic principle he has adhered to throughout his years of entrepreneurship and development.

However, Xu Jiayin seems to have abandoned some basic principles in the development of Evergrande. At present, the entire Evergrande group is not developing well, but Xu Jiayin is indeed an economically minded businessperson. From the very beginning of the high-profile announcement of entering the automotive field, Xu Jiayin saw the opportunity of the new energy automobile industry and the potential huge golden mountain behind it, but he ignored the basic laws and laws of this industry.

In just two years, Evergrande has gone from "buying" a lot of auto parts suppliers to build its own cars, to threatening to become the world’s largest new energy vehicle group, to now planning to sell its electric vehicle stake. It has only been a year or so since the first release of six new models of Hengchi at the same time, and now it has failed in the car business.

This is indeed a bit ironic for Xu Jiayin, a very shrewd and successful business tycoon. The most obvious manifestation of this irony is the stock price.

Hong Kong shares of China Hengda fell to HK $1.60, continue to brush the historical low, the Hong Kong Stock Exchange shows that from December 6th to December 9th, Xu Jiayin continued to be forced to sell about 277.80 million shares of China Hengda. And Hengda Automobile recently the largest decline of more than 22%, other Hengda also continued to decline, Hengda property is down 13.21%, China Hengda fell 6.98%.

Freezing three feet is not a day’s cold. In the eyes of many industry insiders, the reason why Hengda Group and Hengda Automobile exploded and went to today’s situation is because the landmines have long been planted. Evergrande’s current crisis is most directly reflected in financial issues.

According to China Evergrande’s financial report, in 2020 Evergrande Group’s revenue 507.25 billion yuan, after-tax profit 31.40 billion yuan, down 6.4% year-on-year. In the first half of this year, the company’s revenue was 2226.9 billion yuan, down 16.48% year-on-year; after-tax profit 10.50 billion yuan, down 28.87% year-on-year. As of June this year, Evergrande’s total assets 2.38 trillion yuan, total liabilities reached 1.97 trillion yuan, and the debt ratio exceeded 80%.

Among them, Hengda Automobile, which has high hopes, posted a net loss of 7.74 billion yuan in 2020, an increase of 55% year-on-year, while the company’s loss expanded to 4.82 billion yuan in the first half of this year, nearly doubling. As of the first half of the year, Hengda Automobile’s cash and cash equivalents were about 9.577 billion yuan, restricted cash reached 2.936 billion yuan, total liabilities reached 153 billion yuan, and the debt ratio exceeded 90%.

Evergrande’s continued losses have become a hot potato for the group; and Evergrande’s current high debt has seriously hindered Evergrande’s investment in new cars. The two continue to fall into a vicious circle, and the root cause is the lack of money. Ironically, Evergrande is currently struggling due to the break of the capital chain, but thinking back then, not short of money is precisely the embodiment of the greatest advantage of this new car-making force that is generally regarded by the outside world.

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Xiaomi Group’s second-quarter net profit rose by 46.6% quarter-on-quarter, and a number of businesses bucked the trend to boost industry confidence

????Xinhua Finance, Beijing, August 26th, Xiaomi Group26 daysAnnounced 2020 interim results, revenue and profit performance exceeded market expectations. Total revenue in the first half of the year reached RMB 103.20 billion, an increase of 7.9% year-on-year; adjusted net profit 5.70 billion yuan.

Xiaomi Group2020 Q2 revenue RMB 53.50 billion yuan, an increase of 7.7%; adjusted net profit RMB 3.40 billion yuan, an increase of 46.6%.

????In the second quarter of 2020, Xiaomi sold 28.30 million mobile phones worldwide, ranking fourth in the world in market share. Xiaomi mobile phones continued to gain a foothold in the high-end market, with the global average selling price of smartphones increasing by 11.8%. In overseas markets, Xiaomi’s high-end mobile phone shipments priced at 300 euros and above increased by 99.2% year-on-year in the second quarter. The European market increased by 64.9% year-on-year, entering the top three for the first time, and the Spanish smartphone market topped the market for two consecutive quarters.

????Xiaomi AIoT business continues to lead the global smart life. As of June 30, 2020, the number of connected devices on Xiaomi IoT platform reached 271 million, an increase of 38.3% year-on-year. In June 2020, MAU users reached 78.40 million, an increase of 57.1% year-on-year.

????Internet service growth is solid. In the second quarter of 2020, internet service revenue reached RMB 5.90 billion, an increase of 29% year-on-year. In June 2020, MIUI’s global monthly active users reached 340 million, an increase of 23.3% year-on-year.

????In the new decade, Xiaomi has upgraded its core strategy to "Mobile X AIoT", which is more of a multiplier effect and a unified whole of mutual blessing. Focusing on the core business of mobile phones, AIoT layout builds a better life, making Xiaomi a true leader in the future lifestyle.

????The mobile phone business has firmly established a high-end market share and ranks among the top four in the world

????In the second quarter of 2020, despite the impact of the epidemic on the global mobile phone market, Xiaomi’s smartphone business remained stable, with revenue of RMB 31.60 billion yuan and mobile phone sales 28.30 million. According to Canalys statistics, in the second quarter of 2020, Xiaomi’s global smartphone shipments continued to rank fourth in the world, with a market share of 10.1%.

????Xiaomi Group continues to promote the mobile phone dual brand strategy. The Xiaomi brand has firmly established itself in the high-end market, and the proportion of mid-to-high-end mobile phone sales has increased. The average unit price of smartphones has increased by 11.8% year-on-year. During the JD.com 618 shopping festival, Xiaomi 10 won the sales champion in the 3500-4500 price range. On August 11, Xiaomi 10 Supreme Commemorative Edition was launched, equipped with cutting-edge 120W wired fast charging and 50W wireless flash charging. The battery adopts the industry’s first mass-produced graphene-based lithium-ion battery, and once again won the world’s first overall score of DXOMARK camera with a total score of 130 points, making it the best flagship mobile phone in the world to take pictures. Redmi continues to promote the popularization of 5G mobile phones. In May, Canalys released data showing that three of the top ten best-selling models in the world for Quarter 1 in 2020 are Redmi models, and Redmi is also the only domestic mobile phone brand on the list.

????AIoT leads the future smart lifestyle

????During the reporting period, Xiaomi’s AIoT platform lead was further expanded. As of June 30, 2020, the number of connected IoT devices (excluding smartphones and laptops) on the IoT platform reached 271 million, an increase of 38.3% year-on-year. The number of users with five or more devices connected to the Xiaomi IoT platform increased to 5.10 million, an increase of 63.9% year-on-year.

????On June 30, 2020, the number of monthly active users of the intelligent assistant "Xiao Ai Classmate" reached 78.40 million, an increase of 57.1% year-on-year, continuing to become one of the most active artificial intelligence voice interaction platforms in China. The openness of Xiaomi’s smart life scenarios continues to increase. In June 2020, the number of monthly active users of Mijia App reached 40.80 million, an increase of 34.1% year-on-year. Among them, 67.9% of users are from non-Xiaomi mobile phone users.

????In August 2020, Xiaomi also released the Xiaomi Magic Share function that supports collaborative interaction between Xiaomi devices. This function supports cross-screen collaboration between mobile phones and notebooks, one-click transfer of video calls with multiple end points, relay transmission of music and picture data, etc. Continuous smart home, wearable devices, and end points with screens. Bring richer scene applications and a more convenient and elegant interconnection experience. This is an upgrade of the smart collaboration capabilities of mobile phones and Internet of Things devices.

????In the new decade, focusing on the core of the mobile phone business, the AIoT ecosystem will penetrate multiple scenarios, win more users, obtain massive data, and become the moat of Xiaomi’s business model, making Xiaomi a leader in the future lifestyle.

????IoT and consumer goods are growing steadily, and smart TVs rank first in China

????Although the epidemic affected the pace of production, transportation, sales and product release in the first half of 2020, Xiaomi’s IoT and consumer goods business withstood pressure and maintained growth. Revenue reached RMB 15.30 billion during the reporting period, an increase of 2.1% year-on-year.

????Xiaomi Smart TV continues to maintain its leading position in the industry. In the second quarter of 2020, Xiaomi Smart TV shipped 2.80 million units worldwide. According to the statistics of Orville Cloud Network, as of the second quarter of 2020, Xiaomi TV shipments ranked first in the Chinese mainland market for the sixth consecutive quarter. Xiaomi Smart TV is also becoming more and more popular in overseas markets. Xiaomi Smart TV entered Poland, France, Italy and other markets in the second quarter. While maintaining the industry’s leading position in shipments, Xiaomi Smart TV continues to improve technical investment and explore the high-end market. In July 2020, Xiaomi launched the first ultra-high-end TV – the Master Series 65-inch OLED TV. In August of the same year, Xiaomi released the second ultra-high-end product in the Xiaomi TV Master series, Xiaomi Transparent TV, which is the world’s first mass-produced transparent OLED TV. The subversive transparent form represents Xiaomi’s exploration of the ultimate form of future TV.

????Xiaomi’s IoT business is also constantly exploring overseas markets. In July 2020, Xiaomi held the first global press conference of the Xiaomi ecological chain, launching to global users including the Mi Band 5, the Mi True Wireless Headset 2 Basic, and the Xiaomi electric scooter Pro2 in cooperation with the Mercedes-AMG Petronas F1 team.

????Internet services steady growth diversification trend further strengthened

????In the second quarter of 2020, Xiaomi’s internet service revenue grew strongly, reaching RMB 5.90 billion, an increase of 29% year-on-year.

????In June 2020, MIUI monthly active users reached 340 million, an increase of 23.3% year-on-year.

????Internet advertising business continued to grow. In the second quarter of 2020, advertising revenue reached 3.10 billion yuan, an increase of 23.2% year-on-year. Showing the vitality of Xiaomi’s Internet commercialization under different economic conditions.

????In the second quarter of 2020, the diversification of Xiaomi’s Internet business continued to advance, and the vitality of emerging businesses continued to break out. The emerging business is internet services other than Chinese mainland smartphone advertising and games, including TV Internet, Youpin e-commerce, financial technology and overseas Internet. The revenue of this part of the business increased by 39.5% year-on-year, accounting for 39% of the total revenue of internet services. Among them, the TV Internet business grew strongly. As of June 2020, the MAU users of smart TVs and Xiaomi boxes 32 million, an increase of 41.8% year-on-year, and the number of Xiaomi TV paid users 4 million, an increase of 33.1% year-on-year.

????Overseas market revenue grew steadily, and the European market entered the top three

????In the second quarter of 2020, Xiaomi’s overseas market revenue reached RMB 24 billion, an increase of 10% year-on-year. According to Canalys data, in the second quarter of 2020, Xiaomi ranked among the top five in smartphone market share in a total of 50 countries and regions around the world, and ranked among the top three in 25 markets. Xiaomi’s mobile phone business is still growing in major markets, especially in the European market.

????According to Canalys data, in the second quarter of 2020, Xiaomi’s smartphone shipments in the European market rose against the trend, growing by 64.9% year-on-year, with a market share of 16.8%, making it the top three smartphone manufacturers in Europe for the first time.

????Xiaomi’s smartphone shipments in the Western European market increased by 115.9% year-on-year, the first growth rate among major manufacturers. Among them, the smartphone market share in Spain remained the first for two consecutive quarters, growing by 150.6%, and the market share reached 36.8%. The market share of smartphone shipments in France ranked second, and the top four in Germany and Italy.

????According to IDC statistics, in the second quarter of 2020, Xiaomi smartphones maintained the first shipment volume in India for 12 consecutive quarters. According to Canalys statistics, Xiaomi’s share in the Indian smartphone market exceeded 30.7% in the quarter. At the same time, Xiaomi’s globalization breadth further expanded. In the second quarter of 2020, Xiaomi’s shipments of smartphones in Latin America, the Middle East, and Africa increased by 99.4%, 66.3%, and 113% respectively, ranking among the top five in Africa and the top four in the Middle East and Latin America.

????JP Morgan Chase commented that Xiaomi’s rapid expansion of market share in the European market is conducive to attracting high-income user groups, further increasing the average selling price of mobile phones, and broadening the space for internet service monetization.

????

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The case of robbing and killing a taxi driver in Jinyun was solved. Three murderers absconded for 27 years and were arrested

  Our reporter, Wang Chun

  □ Our correspondent, Fan Yifei

  The files that have long been yellowed, the relay of generations of criminal police, and the more than 9,700 people who have stood behind them day and night, have witnessed the 27-year pursuit of murderers by the public security organs in Lishui and Jinyun cities and counties in Zhejiang Province.

  In August this year, the Lishui and Jinyun city and county public security organs moved to 5 provinces, spanning more than 20,000 kilometers and fighting for 16 consecutive days. They finally arrested Li Moujun, Tong Moubo, and Tong Moujun, who had absconded for 27 years.

  So far, the 27-year Jinyun robbery and murder of a taxi driver has been solved.

  On December 8, 1996, the Jinyun County Public Security Bureau received an alarm from the public: a taxi was parked on the expanding highway in Shuanglong Village, Wuyun Town, Jinyun County. There was a man in the co-pilot position, who was suspected to have died. After receiving the alarm, the Criminal Investigation Brigade of Jinyun County Public Security Bureau quickly arrived at the scene and confirmed that the man in the co-pilot position had no vital signs. According to the on-site investigation and cadaver examination, the case was analyzed to be a vicious robbery and murder case.

  After the incident, the provincial, municipal and county public security organs immediately dispatched capable police to form a special task force to fully carry out the case investigation work, but limited to the technical conditions of the year, the investigation work was deadlocked, and the case also became a difficult knot for the provincial, municipal and county criminal investigation departments. Over the past 27 years, the criminal investigation departments of the provincial, municipal and county public security organs have always implemented the requirements of "murder cases must be solved" and have never given up the investigation of the case. The case was listed as a listed supervision case by the Lishui Public Security Bureau.

  Since the beginning of this year, the public security organs of Lishui and Jinyun City and County have taken the summer public security crackdown and rectification action of the national public security organs as a breakthrough point, and have taken the case as a key work to vigorously attack the key under the principle of "murder cases must be solved and accumulated cases must be cleared".

  After flipping through the yellowed files again and again, and re-sorting the clues again and again, the hard work paid off. In July this year, the task force found a breakthrough point when using new technologies and new systems to re-compare a vague trace extracted from the scene that year, and Li, a Sichuan man, surfaced. The public security organs at Lishui and Jinyun City and County immediately organized the police to set up a task force to fully carry out case investigation.

  The members of the task force worked continuously day and night to re-sort the clues of the case, and analyzed Li Moujun’s life and work conditions and personality characteristics, and went to many places to investigate and collect evidence. At about 12 o’clock on August 6, the task force caught Li Moujun’s weekend absence from work and arrested him in Qingxiu District, Nanning City, Guangxi Zhuang Autonomous Region. On the same day, after interrogation, the police broke through the psychological defense line of Li Moujun, the alleged offender, and confessed to the illegal facts of robbery and murder in late 1996 with two Jiangxi men, Tong Moubo and Tong Moujun.

  Then, with the assistance of the police in many places, the task force overcame many obstacles and arrested Tong Moubo and Tong Moujun, who had absconded for 27 years.

  So far, the 27-year Jinyun robbery and murder of a taxi driver has been solved.

  At present, the case is still under further investigation.

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Two years after the establishment of the US IPO, it is extremely difficult to hide Geely’s financial pressure.

Is there no electricity when the electric car is hot?

Text/gale

Editor/Chen Momo

Over the years, China has led the world in the production and purchase of electric vehicles. These cars are the result of a lot of subsidies, although there are also some cases of poor quality. In this market, there are a lot of running brands. These companies lack a strong sales network, but they have their own inherent advantages, such as the best battery supply or more advanced software than their competitors.

In the overwhelming situation of new energy, many automobile manufacturers are exceeding their production targets and trying to achieve "harvest" with this trend. On December 13th, 2022, Geely Automobile officially announced to the public that its high-end electric vehicle sub-brand Kykrypton had submitted its IPO registration documents to the US Securities and Exchange Commission on December 7th, 2022, and planned to be listed in new york as early as the second quarter of 2023. It is rumored that krypton is valued at around $10 billion. This indicates that this new car company, which was established less than two years ago and hatched by traditional car companies, has begun to break through the IPO of US stocks.

 

 

There are several basic elements to highlight the tight encirclement. First of all, the new forces must find a niche market that can be used as a starting point for expansion. Then, it is necessary to have the ability to mass-produce cars and break through the bottleneck of production capacity. Finally, it is necessary to create a relatively mature sales and distribution network. It is more important to choose the right market segment, provide something really different and put your own technical mark on it.

Obviously, krypton still has a big gap in these aspects.

1 sales scenery can not hide financial weakness

2022 is a successful year for krypton cars. With only one model of Kykrypton 001, Kykrypton delivered a total of 71,941 vehicles throughout the year, with an average order amount exceeding 336,000 yuan. In December, Kykrypton continued to win the title of "sales champion of pure electric vehicles of China brand with more than 300,000".

In 2023, Extreme Krypton will not only launch its second model, Extreme Krypton 009, but also replace the Kirin battery. The 2023 Extreme Krypton 001 with a battery life of more than 1,000 kilometers will also be put on the market. In terms of overseas market layout, on the one hand, it began to sell cars designed by Mobileye and equipped with NZP high-speed autonomous navigation assistance system in Europe; on the other hand, the unmanned application scenario developed based on ZEEKR M-Vision concept car is the exclusive travel service products created by Waymone driverless team, which will also begin to gradually land. The quality of the car will be further recognized by overseas customers.

Compared with other new forces, there is not much financing before the IPO. Its latest round of financing was the $500 million Pre-A round of financing completed in August 2021. At that time, the valuation of Krypton cars reached $9 billion. Therefore, after the substantial increase in sales in 2022, the valuation of Krypton did not increase significantly, which shows that under the influence of the potential global financial crisis, the US stock market with abundant funds is not optimistic.

As the first batch of new forces in China, Wei Xiaoli also chose American stocks as the main battlefield of her IPO before making a profit. From the establishment of the company to the IPO, the three companies took four years, six years and five years respectively. In contrast, it has only been two years since its establishment. Judging from the valuation, although Krypton’s performance is much better than that of Wei Xiaoli at that time, and there is strong support from traditional car giants like Geely, there is still a clear gap in market value. The current valuation of Krypton is only $10 billion, which is about 70 billion yuan. At that time, Weilai’s valuation reached 134 billion, and the ideal valuation was 156.7 billion yuan. However, compared with the valuation of zero-running cars listed in Hong Kong stocks last year, Krypton is still much higher.

It turns out that it is difficult to make a profit by mass-producing electric vehicles. In terms of sales volume and company revenue, there is still a certain gap between Krypton and Wei Xiaoli. In 2022, Xpeng Motors, which has the lowest sales volume among Wei Xiaoli, has delivered more than 120,000 vehicles, and the vehicle matrix of the three car companies of Wei Xiaoli has been relatively complete. Therefore, in terms of revenue, in the first half of 2022, Wei Xiaoli’s revenue reached 20.2 billion, 14.8 billion and 18.2 billion respectively, while the extremely poor revenue in the same period was only 8.8 billion. As for the level of gross profit margin, in the first half of 2022, Krypton took two years to turn the gross profit margin into a positive one and reached about 5%, which was much better than that of Wei Xiaoli in the same period, but the current situation is that Wei Xiaoli’s gross profit margin has reached 13.8%, 11.55% and 22.09% respectively.

In terms of losses, in 2021 and the first half of 2022, the polar net losses reached 1.01 billion yuan and 759 million yuan respectively. In just one and a half years, Krypton has lost as much as 1.769 billion yuan. For a brand-new car company that has just been established, if it is not supported by Geely Automobile through its system capabilities, the loss will probably be even greater. But even so, whether it is the development and production of new models, brand promotion and sales channel construction, it needs to invest a lot of money, and these funds have begun to put obvious pressure on Geely Automobile listed in Hong Kong stocks. In the first half of 2021-2022, the net profit of Geely Automobile was 4.847 billion yuan and 1.552 billion yuan respectively, and the year-on-year decline rate of net profit reached 12.4% and 34.81% respectively. Such a sharp decline is not only related to Geely’s own performance, but also to the large amount of investment required for extremely krypton cars.

 

2 advantages and disadvantages of listing US stocks

Obviously, under the circumstances that the valuation is not high due to the poor environment, it is closely related to the situation of Krypton itself that it still seeks to be listed in the US stock market.

Before Krypton, the impact on science and technology innovation board’s listing was unsuccessful. At the earliest, Geely Automobile hoped to return to science and technology innovation board to raise enough funds for itself, but later science and technology innovation board did not open the door for Geely. Then Geely Automobile gave Krypton the quota to hit science and technology innovation board, but from the current situation, Krypton’s scientific and technological attributes have not been recognized by the regulatory authorities. As an industry with heavy capital and assets, the future sustainable development of Krypton still needs to continuously inject a large amount of funds, which may not be completed by Geely Automobile alone. By listing in US stocks with relatively higher valuation and better liquidity, you can naturally get greater returns than listing in Hong Kong stocks.

However, the potential political risks faced by going to the United States for listing are also factors that have to be considered. On the one hand, vehicle companies like Krypton need to deal with a lot of personal information, and if it involves autonomous driving, it will produce more surveying and mapping data. At this time, it is necessary to find a method acceptable to both regulators under the two major judicial systems of China and the United States. On the other hand, global competition between China and the United States is inevitable. No one can guarantee whether the United States will exert the same extreme pressure on enterprises like Krypton as it did on Huawei in the past. In this case, let alone state-owned enterprises listed in the US stock market have chosen to review the listing of Hong Kong stocks/China mainland’s own securities market, and reserve a financing channel for themselves. Even private car companies like Wei Xiaoli have already completed the secondary listing in Hong Kong stocks. Therefore, listing in the US stock market is definitely not the end of extreme krypton. Finding more stable financing channels for yourself may be the strategy that needs to be considered in the next step.

In the past two years, many companies under Geely Group have completed listing. From Volvo cars and polar star cars to Yikatong and Krypton, there may be Lotus cars, Cao Cao trips and long-distance cars soon. Promoting the listing of its enterprises is a shortcut to reduce its capital contribution burden. However, in the current environment, both valuation and potential political risks need to be weighed by Geely Group. The road ahead is not easy. Especially for krypton cars, after most car companies in the world have made clear the development direction of pure electric, the competition facing krypton will become more and more fierce. If there is no solid sales as a support, even if Krypton has completed the listing of US stocks, its prospects will be bleak.

3 alleged quality problems and sales fraud are frequently defended by car owners.

At present, there are only two models on sale, namely "Extreme Krypton 001" and "Extreme Krypton 009", in which the former is the main sales model and has both coupe and SUV attributes; The latter is positioned in pure electric luxury MPV.

According to a number of media reports, there are online videos showing that four "extremely krypton 001" cars with the words "power failure, electric door failure" passed directly from the door of extremely krypton store.

Since January, 2023, on the official app of Krypton and the national complaint platform for defective products, a large number of Krypton owners have reported that there is a power system failure in Krypton 001 (configuration | inquiry). The vehicle will suddenly jump out of the dashboard when the cold car is started and driving, and the power is limited, so it can’t drive, and the esc is abnormal. And complaints about the unilateral tampering with the contents of the car purchase agreement by extreme manufacturers. The number of complaints about krypton brands has increased significantly, with 639 complaints involving krypton 001, ranking first among all brands.

Coincidentally, "Extreme Krypton 009" also has problems. According to the black cat complaint platform, "Extreme Krypton 009 is forced to lock the order and is not transferable. However, according to the agreement, it is transferable. Now it is against the agreement to tell that it is not transferable. It is a overlord clause to force the lock order without any real car.

In addition, according to the news a few days ago, a picture of a car blogger broke the news, showing that many car owners were sitting at the door of the extreme experience store to defend their rights. These car owners said: "Extreme sales routines defraud consumers and demand a refund!" . At present, more than 2,000 big car owners have complained together, and their demands are still increasing: unilateral breach of contract, unilateral tampering with the contract without consulting the car owners, loss of confidence in the car companies, and demand a refund for one.

In this regard, there is no relevant response from the extreme.

On the car quality website of the car complaint platform, there have been a lot of complaints about Krypton 001 recently, and almost all the reasons for the complaints are "Krypton manufacturers unilaterally tampering with the contents of the car purchase agreement". According to the owner of the complaint, in order to dispel consumers’ doubts about buying the first new energy vehicle, the first new energy vehicle has been introduced to enjoy the lifetime warranty of the whole vehicle and the preferential policy of the current order price, and the owner is not restricted from modifying the order. The premise is that under the negotiation of both parties, users can change the vehicle configuration plan before locking the order. Until December 2022, the official is still promoting that all models can enjoy a lifetime warranty.

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When the M9 conference was finalized, the smart car ETF(159888) backed up to pick up people, and the information of Guangting led the rise.

On December 14th, 2023, it was officially announced that its M9 would be released on December 26th. After the appearance of the new M7 in September, it directly detonated Huawei’s industrial chain. As a result, the smart car ETF(159888) also ushered in a wave of rebound. As of the end of November, the maximum increase in the range was nearly 10%. Today, when it opened, the smart car ETF surged back, calling back or welcoming the layout opportunity, and holding the information of Guangting in the stocks.

Smart Car ETF(159888) closely tracks CS Smart Cars. From the perspective of the weight distribution of Shenwan’s first-class industries, the constituent stocks are mainly distributed in high-quality industry tracks such as electronics, computers, automobiles, communications, etc., with distinctive scientific and technological attributes. From the perspective of more exposed concepts, the smart car index is mainly exposed to automobile, consumer electronics and Huawei-related concepts, and the weight of the holding stocks is as high as 57%.

With the accumulation of algorithms, hardware and data, Huawei has established a full-stack intelligent solution. With the increase of M7, the listing of M9(23Q4), the listing of S7 (late November) and the iteration of ADS2.0, Huawei’s super reputation is superimposed, and smart cars and their industrial chains are expected to develop rapidly.

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BYD Tang EV and Tang DM-p launched the glory version for sale at RMB 219,800.

  China Securities Network News (Reporter Huang Lingling) Recently, Tang EV Glory Edition, Tang DM-p Glory Edition /2024 Ares Edition were listed. Among them, there are 3 models of Tang EV Glory Edition, and the price is 219,800-269,800 yuan; Tang DM-p Glory Edition has two models, with a price of 229,800-249,800 yuan; The 2024 Tang DM-p Ares Edition has a total of one model with a price of 269,800 yuan.

  Tang EV Glory Edition, Tang DM-p Glory Edition /2024 Ares Edition all come standard with Yunqi -C intelligent damping body control system.

  According to reports, Yunqi -C can realize stepless adaptive adjustment of damping by controlling the electromagnetic valve of the shock absorber. When the vehicle passes through the bumpy road, the comfort control strategy of high frequency and small damping is adopted to improve the driving comfort. When the vehicle is in rapid cornering, acceleration and braking, the maneuverability control strategy with low frequency and large damping is adopted to provide greater support, restrain the body roll and pitch, and ensure the handling stability of the vehicle. Compared with the traditional passive suspension, Yunqi -C makes the vehicle achieve a "qualitative" improvement in driving comfort.

  At the configuration level, Tang EV Glory Edition, Tang DM-p Glory Edition /2024 Ares Edition come standard with over 100 flagship configurations. In terms of smart cabin, the new car upgraded the smart cockpit and joined hands with international chip giants to deeply customize the vehicle-class cockpit platform supporting 5 G. In terms of intelligent driving, thanks to the intelligent driving assistance system, the new car can achieve L2+ intelligent driving assistance level, and has the functions of blind spot monitoring, door opening warning, etc., and its active safety performance is leading at the same level.

  Previously, BYD Hantang Glory Edition sold well when it was listed, and achieved sales of 34,092 vehicles in March 2024.

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BYD Qin is ugly, but it can pull out a bunch of business secrets.

Most people have seen this car-BYD Qin. It can be said that the appearance is very "personalized", but the sales volume is average all the way, because it needs talents with great personality to control it.

It is said that the model was sprayed by many netizens just after it was released, but they didn’t know the story behind it.

The establishment concept requires China elements (similar to BYD’s Tang and Song Dynasties) and modern flavor, so how to combine these two points?

[Incorporating the elements of "Qin" and combining the sense of modern science and technology]

Designers also took pains, Qin integrated the "Qin" element, and the taillight design originated from the bow and arrow modeling of the Qin Dynasty. I have to say, it looks like a bow and arrow. The shape of the headlights is "halberd", perhaps our appreciation is not enough.

From the marketing point of view, it is really successful, and consumers can recognize BYD Qin from dozens of meters away.

Don’t tell me, it smells like transformers when the light is turned on.

The interior design is also full of technology, huge LCD screen and exquisite center console.

It is understood that several styles of BYD Qin were abandoned in the early stage of design, because they were not unique enough and the visual impact was not strong enough, and the manager of the design department said that the BYD Qin series launched later would continue to show new highlights, and would never stick to the existing design elements and continue to bring "impressions" to consumers.

[Reduce costs and seize the market with prices]

BYD’s engineers are not stupid, so this consideration is in cost control. Low-end car mainly depends on the cost performance of the car, which not only meets the demand for cars, but also caters to consumers’ price sensitivity, so it is necessary to seize the market with preferential prices.

One way to reduce the cost is to reduce the process, and the model can be punched once, never twice. Therefore, the design can only be "concise".

BYD Qin’s "embarrassing the rear of the car" is a helpless and wise move.

Although Qin has a good performance in sales volume, positioning and market recognition, more energy should be spent on upgrading and changing models in the future.

[ugly ass, but quite hard]

Be rational about things that are not beautiful.