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This pharmaceutical stock has risen 9 times in a month, and the boss of Nongfu Spring is actually an invisible billionaire in the pharmaceutical industry

Image source @Visual China

Titanium Media Note:This article comes from WeChat official account eight points health news (ID: HealthInsight), author: Wu Yeting, editor in charge: Wang Jilu, titanium media authorized to publish.

In more than a month, 21 trading limits, the stock price rose from 8.75 yuan to 84.82 yuan, an increase of nearly 9 times, and it has not stopped, Wantai Bio is likely to become the most rising new stock in 2020. This is also far more than the 16 trading limits of WuXi PharmaTech in 2018 and the increase of nearly 5 times.

Along with the stock price, there is the value of the actual controller Zhong Shanshan, whose shares in Wantai Bio have reached 27.60 billion yuan. In September 2001, he spent 17.10 million yuan to buy 95% of the shares in Wantai Bio, which has increased by 1600 times in 19 years. And the low-key Zhong Shanshan, the most well-known commercial version of the picture, is about to be listed on the Hong Kong Stock Exchange. It is estimated that the market value will be 100 billion after the listing, and the wealth of Zhong Shanshan will exceed 100 billion.

Wantai Bio was established in 1991 as a Sino-Japanese joint venture. Since then, its shares have been converted several times, and its main business has remained unchanged. It is mainly engaged in the research and development, production and sales of in vitro diagnostic reagents, in vitro diagnostic instruments and vaccines.

Although the main business is vaccines, Wantai Bio’s first vaccine was developed in 1998 and did not go on sale until 2012. Moreover, this is a hepatitis E vaccine. Its sales revenue in 2019 was only over 14 million, accounting for less than 2%.

To this year, the first real market prospects of the main product, from 2003 began to develop the 2-valent human papillomavirus vaccine (HPV vaccine, cervical cancer vaccine) Xin Kening (Cecolin) before the market, and Wantai biological investment in research and development costs have exceeded 1.10 billion yuan, it can be seen that the pharmaceutical industry really needs time and capital to temper.

Wantai Bio’s Xinkoning is the third HPV vaccine in the world, which was approved on the same day, as well as Watson Bio’s 13-valent pneumococcal polysaccharide conjugate vaccine, which is China’s first 13-valent pneumonia vaccine. Pfizer’s annual sales are $5.80 billion. After the COVID-19 pandemic broke out, Kanginuo and Kexing Bio were in the first sequence of global COVID-19 vaccine development.

So, is China’s vaccine industry starting to shift from the sales-driven trend of the past to the trend of emphasizing R & D and paying attention to both legs? Is the popularity of Wantai Bio a projection of the industry emerging from the shadows after the "vaccine crisis" in 2018, or a capital hype for vaccine stocks under the COVID-19 pandemic?

Since landing on the main board of the Shanghai Stock Exchange on April 29, Wantai Bio has stably maintained the rhythm of the daily limit of each trading day, and by June 1, it has continuously harvested 21 one-word daily limit boards.

Up to now, the record of new shares listed on the main board of the Shanghai Stock Exchange this year is the Star Semiconductor listed in February, which has achieved 22 one-word daily limit. Followed by Wantai Bio, and Wantai Bio has not yet opened the board and is expected to break the record.

And pushing the time forward to a longer cycle, according to Wind data statistics, since the implementation of the first day of listing restrictions on new shares in 2014, a total of 51 new shares have exceeded 20 after listing. After Jucan Optoelectronics, which listed in October 2017, Star Semiconductor and Wantai Bio are the only two new shares that have reached 20 one-word boards in more than two years. Also in the pharmaceutical field, the last one with the largest number of boards was WuXi AppTec, which listed in 2018. After 16 one-word boards, it rose from 21.6 yuan to 92.91 yuan.

According to the data disclosed in the prospectus, Wantai Bio achieved revenue of 949 million, 983 million yuan and 1.184 billion yuan in 2017, 2018 and 2019 respectively, the largest proportion of which is diagnostic reagents. However, this composition is about to change. Wantai Bio’s HPV vaccine has been officially listed in May this year, and the company expects sales revenue to usher in explosive growth.

Since the outbreak of the COVID-19 pandemic, Wantai Bio, together with the National Research Center for Infectious Disease Diagnostics and Vaccine Engineering Technology (NIDVD) of Xiamen University, has developed 11 detection reagents such as the novel coronavirus antibody detection kit (double antigen sandwich method), and invested in the research and development of the recombinant protein new coronavirus vaccine candidate (COVID-19XWG-03).

Detection kits and vaccines related to COVID-19 are an important reason for the continuous rise of Wantai, a securities analyst to eight health news analysis, detection and vaccine are two important concepts involved in Wantai, the former product quality has been internationally recognized, exported to many countries; the latter because the final can be completely against the novel coronavirus will be the vaccine, and the companies involved in the development of COVID-19 vaccines, including Wantai Bio, have a certain degree of overgrowth.

In vitro diagnostics and vaccines are the core business of Wantai Bio.

In vitro diagnosis refers to a diagnostic method that obtains clinical diagnostic information by testing human samples (blood, body fluids, cells, tissues, etc.) outside the human body. Internationally, it is collectively referred to as IVD (In-Vitro Diagnostics). During the COVID-19 pandemic, nucleic acid testing with pharyngeal swab sampling is an in vitro diagnostic method.

According to its prospectus, Wantai Bio has formed characteristic testing products in AIDS, hepatitis, tuberculosis, dengue virus, etc. In 2019, diagnostic reagents and diagnostic instruments generated 1.20 billion yuan of business income for Wantai, accounting for more than 80%.

Compared with in vitro diagnostics, vaccine research and development requires more investment and takes longer to develop and market. The current R & D pipeline includes recombinant hepatitis E vaccine, bivalent cervical cancer vaccine, nine-valent cervical cancer vaccine, next-generation cervical cancer vaccine, and freeze-dried varicella live vaccine, of which only the first two have been approved for marketing.

In the prospectus, Wantai attributed its core competitiveness to its research and development capabilities. As of the end of 2019, the company had a research and development team of 382 people, accounting for 21.41% of the total number of employees.

In addition, Wantai Bio and Xiamen University jointly established the National Infectious Disease Diagnostic Reagents and Vaccine Engineering Technology Research Center, and maintained close cooperation with the team of Xia Ning Shao, Dean of the School of Public Health of Xiamen University.

During the reporting period, the R & D expenses invested by Wantai were 159 million yuan, 138 million yuan and 166 million yuan respectively, accounting for about 15% of the operating income.

This proportion is relatively high in the industry, but it is still not high compared to the nearly 30% of sales expenses.

After the outbreak of the epidemic, Wantai Bio invested in the development of COVID-19 antibody detection kits and COVID-19 vaccines.

In March, the novel coronavirus antibody detection kit (chemiluminescent microparticle immunoassay) was approved by the State Drug Administration on an emergency basis, becoming one of the five novel coronavirus antibody detection reagents that had been approved at that time. Since then, Wantai Bio has developed 11 detection reagents such as the novel coronavirus antibody detection kit (double antigen sandwich method) in conjunction with the National Infectious Disease Diagnostic Reagents and Vaccine Engineering Technology Research Center (NIDVD) of Xiamen University. As of March 30, Wantai Bio has supplied 437,000 detection reagents in China and 502,000 abroad.

According to the information disclosed by Wantai, the product uses a double antigen sandwich method to detect the total antibodies of novel coronavirus in blood samples (including various antibody types such as IgM, IgG and IgA), which methodologically guarantees that the reagent has higher sensitivity and better specificity, and reduces the false positive rate. Since then, several novel coronavirus antibody detection kits developed by Wantai have been certified by the European Union CE and exported to South Korea, Italy, Hungary, Austria, the Netherlands and other countries.

On April 2, Wantai Bio and GlaxoSmithKline (GSK) jointly announced that they have cooperated in the development of novel coronavirus. But at present, compared with other COVID-19 vaccines under development, Wantai Bio has fallen behind.

The launch of the HPV vaccine is a milestone for Wantai Bio.

According to its prospectus, as the third cervical cancer vaccine supplier in the world and the first domestic HPV vaccine to be launched in China, Wantai expects to lead its domestic peers by about two years.

This market is very large, according to Wantai’s calculation, the current domestic cervical cancer vaccination for women aged 9-45 a total of about 300 million people, according to the domestic cervical cancer vaccine price for imported vaccines 1/2 (about 300 yuan/dose, 900 yuan/person) calculation, the stock market size up to 270 billion yuan, according to 1% vaccination rate estimated market demand is 2.70 billion yuan.

Cervical cancer vaccines currently available on the market are divided into bivalent, quadrivalent, and nine-valent. The higher the number, the more virus types that can be prevented. The overall protective efficacy of the bivalent vaccine against cervical cancer prevention is 84.5%, and the overall protective efficacy of the nine-valent vaccine is 92%.

The price and young age group are the advantages of Wantai’s bivalent vaccine, which is priced at 329 yuan/shot. The whole process of vaccination between 9 and 14 years old requires two shots, or 658 yuan; for those over 14 years old, the whole process requires three shots, or 987 yuan. The bivalent vaccine of GSK is 580 yuan/shot, and the whole process costs 1,740 yuan for three shots. Merck’s quadrivalent and nine-valent vaccines are 798 yuan/shot, 1,298 yuan/shot, respectively. Three shots cost 2,394 yuan and 3,894 yuan.

In the past May, Xinkening has been officially launched, and ads for domestic HPV vaccines can be seen on Alipay.

However, there are also pessimistic expectations for market demand. Zhao Heng, founder of Latitude Health, a medical strategy consulting firm, said in an interview with Time Finance that the bivalent cervical cancer vaccine of Wantai Bio will not cause major changes to the current domestic market structure, because the consumption attribute of cervical cancer vaccine is stronger, and consumers prefer the nine-valent, and the advantages of the bivalent cervical cancer vaccine are weaker.

Xiamen University, a partner of Wantai Bio, previously said that the first batch of launch areas are Hubei, Xinjiang, Jilin, Yunnan, Jiangsu, Shandong and other provinces. From this market layout, it can avoid head-to-head confrontation with Merck and GSK to a certain extent, and open the second- and third-tier cities with cost-effectiveness.

In addition to the 2-valent vaccine, the 9-valent HPV vaccine is also in Wantai’s research and development plan. It was approved in 2017 and completed the Phase 1 clinical trial in 2019. It has now entered the Phase 2 clinical trial, ahead of other domestic companies.

It is worth mentioning that Wantai’s research and development technology on HPV vaccines can help improve the protection rate of 9-valent vaccines from 92% to 99%, which has been recognized by GSK, a leading company in the industry. It will pay a total of 134 million euros to Wantai Bio (about 1 billion yuan), use Wantai’s HPV vaccine antigen technology to develop new cervical cancer vaccines, and share the international market sales revenue with Wantai. In November 2019, Wantai received the first milestone payment of 11 million euros (about 85 million yuan).

For many years, China’s vaccine industry has been sales-driven.

In an article, Junlin Investment Research Institute described China’s vaccine industry as: a typical "two legs one big and one small walk" driving model, research and development is the calf, sales is the thigh, because the early research and development costs are high and the later production costs are low, only the more sold, can quickly return to the cost, and generate several times the profit of revenue growth. So whoever can sell the vaccine and earn back the white ocean will have a high status. In a typical vaccine company, Jiang Rensheng of Zhifei Bio has a sales background, Du Weimin of Kangtai Bio has a sales background, Gao Junfang of Changsheng Bio has a financial background, her husband and vice president Zhang Youkui has a sales background, and Li Yunchun, chairperson of Watson Bio, also has a sales background.

The advantage of sales-driven is that it can generate quick cash flow, which is conducive to promoting research and development and launching new vaccines.

For example, Changsheng Bio had a sales cost of 583 million yuan in 2017, and there were 25 sales staff, and the per capita annual sales cost exceeded 23 million. Many cases involving vaccine distributors bribing CDC staff can be found in the judgment document network.

The sales of Wantai biological pre-vaccine are relatively small, but in the sales of testing reagents, the company was also involved in a case of bribery by the director of the hospital’s laboratory department. The company’s overall sales expenses also accounted for a high proportion, approaching 30%.

While focusing on sales, if the product is light, it is prone to problems. Extreme cases are like the Changsheng Biological Vaccine incident in 2018, which pushed substandard vaccines to the market.

After the incident, the vaccine industry was mired in a crisis of confidence and was facing a reshuffle.

At the end of Product Research & Development, good news has come one after another. On December 31, 2019, Wantai Bio’s HPV vaccine and Watson Bio’s 13-valent pneumonia vaccine were approved at the same time, providing room to compete with imported vaccines in these two fields. In the research and development competition of COVID-19 vaccines, more than 130 projects around the world, Kang Xinuo’s adenovirus vector vaccine and Koxing Bio’s inactivated vaccine, are the first to enter clinical trials.

However, the newly approved vaccine, after the listing of the feedback is still unknown. Wantai Bio’s hot market, and the overall rise in the biomedical industry under the epidemic is also related, according to the wind sub-industry index, if the latest index data compared with the beginning of the year to calculate the increase, health care social security and supplies index (50.65%), biotechnology index (45.37%), life science tools and services index (26.01%) are ranked high, like Kang Xinuo’s stock, also rose 3 times at the peak.

Whether China’s vaccine industry will shift from sales-driven to a model that places equal emphasis on sales and research and development is still uncertain. But change is happening.

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Tencent is becoming a ＂WeChat company＂

Text | Slightly Referenced, Author | Yin Kai, Yang Zhichao, Editors | Harano

Last May, ByteDance was renamed Douyin Group.

Tencent did not change its name to "WeChat Company", but in the financial report, WeChat has become the absolute protagonist. On August 16, Tencent released its second quarter financial report. Tencent achieved revenue of 149.208 billion yuan, an increase of 11% year-on-year, and net profit of 37.548 billion yuan, an increase of 33% year-on-year. In this beautiful transcript, WeChat’s contribution is quite huge.

Advertising, live streaming, mini-games, financial services, and many other sectors are all related to WeChat’s growth. The most eye-catching results came from the advertising business: Tencent’s advertising revenue grew by 34% year-on-year in the second quarter, driven by advertising businesses such as WeChat Channels and Moments.

In contrast, sectors without WeChat’s "help", such as Tencent videos and local games, are mostly reaping the rewards.

While gaming and social entertainment are still Tencent’s biggest sources of revenue, WeChat is the "hope of the whole village" from a growth perspective. This also brings subtle changes to Tencent’s development logic.

Tencent’s growth drivers can be summed up in two words: WeChat.

In the latest two-quarter earnings report, Tencent achieved revenue of 149.208 billion yuan, an increase of 11% year-on-year, and most of the growth was related to WeChat.

Watch the ad first.

In the second quarter, Tencent’s online advertising business revenue increased by 34% year-on-year to 25 billion yuan. The main growth driver is WeChat. WeChat Channels advertising revenue has exceeded 3 billion yuan.

In addition, WeChat Channels, Mini Program and Moments continued to grow in usage time, especially WeChat Channels, which nearly doubled in user usage time, and Mini Program’s MAU users exceeded 1.10 billion.

Revenue from the financial technology business and Enterprise Services business was 48.60 billion yuan, an increase of 15% year-on-year.

The main growth driver is WeChat. The financial report attributed the above growth to the increase in consumer spending, which led to an increase in online and offline payment activities. In short, WeChat Pay made more money. In addition, WeChat Channels’ live streaming also led to weak growth in Enterprise Services’ revenue.

Social entertainment revenues edged up 2 per cent year-on-year, linked to growth in mini-games within the Mini Program – also on WeChat.

The so-called mini-games, which are light games in the "WeChat games" based on the Mini Program framework, generated more than Rmb10 million in total quarterly revenue in the second quarter, according to the earnings call. These mini-games can provide Tencent with high gross platform fees and also provide advertising revenue.

The improvement in gross profit is still related to WeChat.

Due to the characteristics of WeChat’s platform, WeChat-derived businesses tend to have higher gross margins. In the second quarter, Tencent’s revenue-to-cost ratio fell from 57% to 53%, which ultimately led to a significant increase in gross profit. The main reason for the decrease in cost ratio is that new services such as WeChat Channels bring in new revenue with higher gross margins, according to the financial report.

Although gaming and social entertainment still provide the highest revenue, from a growth perspective, Tencent has gradually begun to focus on WeChat.

Since Tencent handed over a less than ideal financial report in Q2 last year, WeChat has become almost the only growth point for Tencent.

At that time, Tencent’s games, advertising and other TOB businesses all slowed down, revenue and net profit both declined, and only WeChat Channels stood out. Last year’s Q2 financial report data showed that the total user session length of WeChat Channels exceeded 80% of Moments, the total video views of WeChat Channels increased by 200% year-on-year, and the number of daily active creators and daily average video uploads increased by more than 100% year-on-year.

In terms of commercialization, WeChat Channels has moved frequently, not only launching creator sharing plans and paid subscription functions, but also launching Daren Square to help creators increase their profits.

After rapid commercialization, WeChat generated a large amount of advertising revenue, platform revenue, and financial revenue in the second quarter of this year. These revenues are scattered across the various businesses of the financial report, almost carrying the growth of the entire group.

In addition to WeChat, Tencent’s second-quarter earnings report highlights a stability.

First, take a look at Tencent’s cash cow game.

In the second quarter, Tencent’s value-added services achieved revenue of 74.20 billion yuan, an increase of 4% year-on-year, which is not bad, but compared with Tencent’s overall growth rate of 11%, it is not outstanding.

Among them, the most profitable local game revenue has not increased, and it is still 31.80 billion yuan. Tencent games have not had a phenomenon-level explosion problem for many years, and it is not easy to maintain revenue without recession. In the summer, Tencent may have the opportunity to bring some growth by relying on the launch of the global "Fearless Pioneer" national service.

Although the social entertainment business increased slightly year-on-year, the growth came from WeChat mini-games and music members. According to the financial report, the revenue of music live broadcast and Game LIVE has declined.

However, there are surprises in the international game market. In the second quarter, Tencent’s international market game revenue increased by 19% to 12.70 billion yuan, and it was 12% after excluding the impact of exchange rates. The growth was mainly due to the contribution of games such as "Victory Muse: Nikki", "VALORANT", and "Triple Match 3D".

In terms of content business, Tencent Video has still not stopped its decline.

The financial report shows that the number of Tencent video paid members decreased by 5% year-on-year, which is 115 million. In the last quarter, Tencent video paid members also declined, and Tencent attributed the reason to the impact of content scheduling. But after Tencent Video broadcast popular dramas such as "The Long Season" and "Love Only" in the second quarter, the decline in paid membership data can no longer be explained by simple content scheduling.

In addition, in the last quarter’s earnings conference, Tencent executives also revealed that the gross profit margin of Tencent Video is low in the group. Overall, the performance of Tencent Video is not ideal in the group.

Another Tencent-owned content platform, Tencent Music, has done well, with music paid members reaching 100 million and music subscription revenue growing.

At the moment, Tencent Music is in a period of transition, social entertainment revenue is declining, and revenue from selling green diamonds is rising – a healthy sign, after all, the business of green diamonds is much greener than rewarding beautiful women live streaming hosts.

Finally, look at Enterprise Services.

Since the second quarter of 2019, Tencent’s earnings report will no longer disclose Enterprise Services revenue separately, but combine financial services and Enterprise Services revenue represented by WeChat Pay. So this part of the situation will be a bit complicated.

According to the financial report, Enterprise Services revenue achieved "low double-digit year-on-year growth" in the second quarter, but the growth was mainly due to the revenue generated by WeChat Channels’ live streaming. I don’t know how Tencent calculates it, but in general, the revenue generated by live streaming will be a bit strange to count in Enterprise Services. And the "real" Enterprise Services – Cloud as a Service, the financial report only claimed that it achieved "slight growth".

Overall, in addition to WeChat, Tencent is stable as a whole. Except for Tencent Video, there is no obvious decline in the main business. With the support of the huge volume, this is enough for Tencent to live a stable life.

Although Internet Tech Giants’ business is complex, it mostly revolves around one or two keywords.

For example, Alibaba. Although Alibaba has six major groups and countless small businesses, whether it is e-commerce Taotian, wholesale Alibaba, local life Ele.me and Hema, its business revolves around the buying and selling of goods, which can be summed up in two words: transactions.

Falling on Tencent, the business keyword has become: charging.

Since the QQ era, value-added services have been the lifeblood of Tencent. Whether it is QQ’s various diamonds, members, QQ shows, or game points and skins, to music and video members, it all fits this logic. In 2016, when Tencent’s games were at their peak, service revenue from online games and social networks reached 107.81 billion yuan, accounting for 71% of total revenue. This means that about 70% of Tencent’s revenue at that time was earned by users "charging".

To put it bluntly, at that time, Tencent was a company that primarily earned revenue from selling virtual goods.

However, the era of charging has become history. After "Honor of Kings" and "Game for Peace", Tencent games no longer have national-level hits, the live broadcast industry continues to shrink, long-form video users peak, and Tencent videos enter a period of cost reduction and efficiency. For Tencent, there is less and less new news and good news about "charging".

At the same time, Tencent’s Enterprise Services market is growing rapidly, and the commercialization of WeChat is accelerating. As the trend continues, the proportion of revenue generated by "charging" in Tencent is getting smaller and smaller.

By the second quarter of this year, the share of revenue from value-added services had slipped to 50%, growing by only 4%. Although it is still the main force for making money, from the perspective of growth momentum, it is already showing signs of weakness.

WeChat is contributing more growth space, which also means that the business logic of Tencent has changed: from "charging" business to traffic business.

As a super APP, WeChat is difficult to define simply. It can socialize, pay, shop online, buy tickets, and order takeout. But in the end, it is not a transactional APP. Its most valuable value is more than 1 billion high-frequency users – but this also provides a broad enough imagination. Before tapping into new traffic and business models, Tencent only needs to find more ways to monetize traffic directly or indirectly, and it can live a good life.

Advertising, for example.

Advertising was Tencent’s biggest bright spot in the second quarter, growing by 34% year-on-year. In today’s Internet environment, an advertising growth rate of more than 15% can be considered excellent. A growth rate of more than 30% can only be achieved by very few platforms such as Pinduoduo.

The rapidly growing advertising revenue has also changed Tencent’s role: from advertiser to advertiser.

The key to distinguishing advertisers from advertisers is how much money a company can make from advertising and how much it spends on advertising.

Tencent’s advertising revenue has always been strong, but it also spends a lot of advertising money. In the early stage of mobile Internet, Tencent’s online advertising revenue in 2011 was 1.99 billion yuan, while sales and marketing activity expenses were 1.92 billion yuan, which is very close to the two figures. This means that Tencent earns almost all of its advertising money on its own sales.

It is not surprising that games have always been a major player in advertising, and one of the most important advertisers of Party B. Tencent has its own QQ, WeChat and other traffic portals, which has greatly saved marketing costs. However, at that time, Tencent was still doing video, e-commerce and other businesses, which required user acquisition through ads.

But as WeChat’s advertising revenue grew, that changed.

In 2015, Tencent’s sales expenses accounted for only about 45% of advertising expenses, which means that less than half of the money Tencent made through advertising revenue was spent on marketing and advertising its own products. By the second quarter of this year, as advertising revenue increased and the proportion of sales expenses decreased, this proportion became 33%.

That is to say, Tencent’s sales cost has far exceeded the cost of user acquisition through ads, advertising revenue has officially become the front line of Tencent’s growth, and Tencent has also completed the gorgeous turn of advertisers to advertisers.

However, although WeChat Channels’ advertising revenue in the second quarter of this year has exceeded 3 billion yuan, which can be regarded as living up to Pony Ma’s expectations, compared with Kuaishou’s 13.06 billion yuan advertising revenue in the first quarter of this year, the difference is obviously quite obvious. Not to mention the gap with Douyin, Douyin has not officially released advertising revenue data, but there is no doubt that it is the highest advertising revenue among all short videos.

In addition, the advertising traffic business also has its drawbacks: the monetization method is relatively simple, and the imagination space is relatively limited.

Looking at the content platform, we know that from Douyin to Zhihu, everyone is struggling everywhere to find ways to monetize beyond advertising to enhance their competitiveness. WeChat is the same, for example, WeChat Channels has launched live streaming and local life one after another, striving to open up more channels for making money.

Tencent has always been a company that makes money and can make money. For a long time, it has made relatively easy money, such as games and live broadcasts. These high-margin businesses that are naturally extended from products have made Tencent never worry about the money bag.

But for now, with WeChat the biggest source of growth, Tencent may have to try to make some harder money – whether in traffic or advertising, it is not yet qualified to sit back and relax.

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Kung Fu superstar Samuel Hung receives ＂Lifetime Achievement Award＂ at Asian Film Awards

1905 movie network news On March 1, the 16th official "Lifetime Achievement Award" was announced to a generation of kung fu superstars in recognition of their great contributions and far-reaching influence on Asian films. "I am very happy! At the same time, I am very surprised to receive the award at this time, and it is an award that affirms my acting career."

Hong Jinbao studied under famous Peking Opera performers. As the senior brother of Qixiaofu, Hong Jinbao learned to sing, read and play under the guidance of traditional opera teachers and apprentices since childhood. His childhood career in Liyuan not only allowed Hong Jinbao to develop solid basic skills, which laid the foundation for future action movies, but also cultivated Hong Jinbao’s hard-working and dedicated character. In his more than 60-year acting career, Hong Jinbao has left a strong impression on Hong Kong and even the Chinese film industry. Hong Jinbao said frankly: Looking back on his life, the most proud thing is that he chose the film industry at the beginning.

Samuel Hung has contributed to the film industry for more than half a century. He has starred in countless films, including "Killing Gun", which has brought countless classic scenes and characters to audiences. In addition, he has also served as a producer, director, screenwriter and action director for several films. In 2016, he directed and starred in an action film. In 2017, he served as an action director. In 2020, he will co-direct a film with six well-known Hong Kong directors.

It is reported that this year’s Asian Film Awards ceremony will be held in Hong Kong, China on March 12, 2023. At that time, Samuel Hung will go to the venue to receive the honorary award.

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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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These new regulations will be implemented in November, with a maximum fine of 2,000 yuan for cruise taxis refusing to carry them

　　CCTV News:From November 1st, a batch of new regulations will be officially implemented, including: ① online car-hailing leaks passenger privacy can be fined 10,000 yuan; ② cruise taxi refusal, detour and other maximum fines of 2,000 yuan; ③ our country’s first civil protective masks The national standard is implemented, and the filtered air must be good or better; ④ The basic scientific research business fee of central universities shall not purchase more than 400,000 instruments; ⑤ Shandong: the strictest environmental protection regulations The maximum penalty for excessive emissions is 1 million. Come and see what else is relevant to you???

　　Online car-hailing is included in supervision, and the maximum penalty for leaking passenger privacy is 10,000 yuan

　　The Interim Measures for the Administration of Online Booking Taxi Business Services came into force on November 1, 2016. The Interim Measures cover online ride-hailing platform companies, online ride-hailing vehicles and drivers, online ride-hailing business behavior, supervision and inspection, legal liability and other aspects. Provisions are made for drivers engaged in online ride-hailing services: having more than 3 years of driving experience; no traffic accident crime, dangerous driving crime record, no drug use record, no driving record after drinking, no record of 12 points in the last 3 consecutive scoring cycles; no violent crime record.

　　Online ride-hailing platform companies and online ride-hailing drivers who illegally use or disclose the personal information of ride-hailing people and passengers shall be fined not less than 2,000 yuan but not more than 10,000 yuan by the public security, online information and other departments in accordance with their respective duties. Those suspected of committing a crime shall be investigated for criminal responsibility according to law.

　　Cruising taxis refuse to take, detour, etc. with a maximum fine of 2,000 yuan

　　The decision of the Ministry of Transport on amending the "Regulations on the Administration of Taxi Business Services" will come into force on November 1, 2016. The name of the regulations is revised from the "Regulations on the Administration of Taxi Business Services" to "Regulations on the Administration of Cruise Taxi Business Services".

　　The original statement in the regulations that "taxis should adapt to the economic and social development of cities, develop in harmony with public transportation and other passenger service methods, and meet the personalized travel needs of the people" was changed in the new regulations to "taxis are supplements to urban public transportation and provide personalized transportation services for the public. Priority is given to the development of urban public transportation, and appropriate development of taxis."

　　The fines for refusing to load, bargaining, dumping, detouring, and failing to issue bills as required have been increased from the original fines of 50 yuan and 200 yuan to 200 yuan and 2,000 yuan.

　　Our country’s first national standard for civilian protective masks is implemented, and the filtered air must be above good

　　The national standard "Technical Specifications for Daily Protective Masks" was officially implemented on November 1. This is the first national standard for civilian protective masks in our country, but the standard clearly states "not suitable for children’s masks". The protective effect is the core indicator of the standard. The protective effect level is divided into four levels from low to high: D level, C level, B level, A level, and the corresponding use environment is as follows:

　　Class D is suitable for moderate (PM2.5 concentration ≤ 150 μg/m3) and below pollution.

　　Class C is suitable for severe pollution (PM2.5 concentration ≤ 250 μg/m3) and below.

　　Class B is suitable for severe pollution (PM2.5 concentration ≤ 350 micrograms/cubic meter).

　　Class A is used when PM2.5 concentrations reach 500 micrograms per cubic meter.

　　Wearing a mask reasonably according to the standard requirements can reduce the inhaled PM2.5 concentration to less than 75 micrograms per cubic meter, so that the inhaled air quality in the body can reach a good level or above.

The standard also requires that the mask should be able to protect the mouth and nose safely and firmly, and the field of vision under the mask should not be lower than 60 degrees.

　　Beijing-Tianjin-Hebei heavy pollution weather warning classification implementation unified standard

　　Beijing-Tianjin-Hebei region heavy pollution weather warning classification standards have been unified. On the basis of the unification of the six cities in the core area in early 2016, the implementation scope will be expanded to cities above the prefectural level of Beijing-Tianjin-Hebei and cities in Henan Province and Shandong Province transmission channel. All localities will implement a unified early warning classification standard before the end of October to achieve a unified response to heavy pollution weather in the region.

　　Shandong: the strictest environmental regulations exceed the maximum penalty for emissions 1 million

　　The "Regulations on the Prevention and Control of Air Pollution in Shandong Province" came into effect on November 1, 2016. The regulations stipulate 12 supervision and management systems, including the implementation of staggered production, the establishment of a joint prevention and control mechanism, pollution source control, total air pollutant control, emergency warning for heavily polluted weather, interviews and suspension of approval, and listing supervision of major cases and outstanding problems.

　　Those who exceed the emission standards of air pollutants or exceed the total amount control indicators of key air pollutants and discharge air pollutants shall be ordered by the environmental protection department of the people’s government at or above the county level to make corrections or restrict production, stop production for rectification, and impose a fine of not less than 100,000 yuan but not more than 1 million yuan. In the prohibited area, barbecue tools and illegal income shall be confiscated, and a fine of not less than 2,000 yuan but not more than 20,000 yuan shall be imposed on the unit, and a fine of not less than 500 yuan but not more than 1,000 yuan shall be imposed on the individual.

　　"Special fares" are expected to increase

　　The "Notice on Deepening Issues Concerning the Reform of Domestic Air Passenger Transport Fares" came into effect on November 1. The notice stipulates that the fares of routes below 800 kilometers and some routes above 800 kilometers will be determined by airlines according to law, which means that the majority of passengers will usher in more and more "special tickets".

　　Health and Family Planning Commission: Encourage medical personnel and others to take the initiative to report medical quality adverse events

　　The "Measures for the Management of Medical Quality" issued by the National Health and Family Planning Commission came into effect on November 1. The measures clarify that the medical quality management shall implement a two-level responsibility system of hospitals and departments. The main person in charge of a medical institution is the first responsible person for the medical quality management of the institution; the main person in charge of clinical departments and departments of pharmacy, nursing, medical technology and other departments is the first responsible person for the medical quality management of the department. The measures require that a medical safety and risk management system be established in medical institutions. Encourage medical institutions and medical personnel to take the initiative to report medical quality (safety) adverse events, and promote information sharing and continuous improvement.

　　The basic scientific research business expenses of central universities shall not purchase more than 400,000 instruments

　　The "Measures for the Administration of Basic Scientific Research Business Fees in Central Universities" came into force on November 1, 2016. The "Measures" stipulate that basic scientific research business fees shall not be used to spend salaries, bonuses, subsidies and welfare expenses of personnel with salary income; shall not purchase large-scale instruments and equipment of more than 400,000 yuan; shall not share the public management and operation costs of schools; shall not be used as supporting funds for other projects; shall not be used for loan repayment, payment of fines, donations, sponsorship, investment and other expenditures; nor shall they be used for other expenditures that shall not be listed in accordance with state regulations.

　　Companies that falsely issue motor vehicle sales invoices will be placed on the "blacklist"

　　The "Announcement on the Implementation of the Publicity System for the List of Motor Vehicle Enterprises that Illegally Issue Unified Invoices for Motor Vehicle Sales" issued by the State Administration of Taxation came into effect on November 1, 2016. Motor vehicle enterprises will be included in the "blacklist" if the following three situations occur:

　　(1) Failure to issue invoices for all the prices and extra-price expenses charged for the actual sale of motor vehicles more than twice (including twice) or the circumstances are serious;

　　(2) Selling the same motor vehicle while issuing a unified invoice for motor vehicle sales at a low price in violation of regulations, and then issuing other VAT invoices resulting in underpayment of vehicle purchase tax more than 2 times (including 2 times) or serious circumstances;

　　(3) Other violations of invoice management regulations resulting in underpayment of vehicle purchase tax more than 2 times (including 2 times) or serious circumstances.

　　It is more convenient to issue VAT invoices on behalf of others

　　The State Administration of Taxation issued the "Announcement on the Process for Taxpayers to Apply for the Issuance of VAT Invoices", which will simplify the filling of invoice information and clarify the application process since November 15, 2016. It will be more convenient for taxpayers (except for real estate obtained from sales and other personal rental real estate businesses) to issue invoices on their behalf.

　　Standardized implementation of personnel file management services for mobile personnel

　　On October 25, the Ministry of Human Resources and Social Security introduced at the third quarter press conference that three national standards, including personnel file management service specification for mobile personnel, human resource training service specification, and human resource planning service specification, were officially implemented on November 1 this year.

　　Chongqing: Implementing the Measures for the Implementation of Chongqing Residence Permit

　　From November 1st, the "Measures for the Implementation of Residence Permits in Chongqing" came into effect. As long as you have lived in Chongqing and registered for temporary residence for half a year, and have one of the conditions for legal and stable employment, legal and stable residence, and continuous study, you can apply for a residence permit with your ID card, 2 1-inch color registration photos, address of your place of residence, employment or study certificate, and "Registration Form for Application for Residence Permit".

　　Shenzhen: Lowering the threshold for applying for a residence permit

　　The new "Shenzhen Residence Registration and Residence Permit Processing Regulations" will be implemented on November 1, 2016. The "New Residence Permit Regulations" state that those who have already registered in Shenzhen and have a full-time college degree or above can directly apply for a residence permit. Previously, non-Shenzhen household registration personnel who need to apply for a residence permit need to apply for a residence registration for 12 consecutive months, and social security for 12 consecutive months.

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Qingteng x Tencent new merchandise headquarters： a conversation with high carbon content

　On July 29th, Chengdu High-tech Zone Gazelle Valley Digital merchandise Industry Base. An industry high-end dialogue focusing on "carbon neutrality" with the theme of "Exploring Sustainable Social Value Innovation" was held in the city hall of Qingteng (Chengdu).

The cutting-edge dialogue with the theme of "Under the Qingteng Tree | Industrial Opportunities and Investment under the Double Carbon Target" brought together many top experts in the industry and more than 100 entrepreneurs.

Challenges and opportunities of energy transformation in the "dual carbon" era, overseas market exploration and practice of new energy companies, digitally driven green buildings to sustainability, photovoltaic and electric vehicle market research… Focusing on carbon neutrality industry innovation, investment, enterprise development and other topics, Sequoia China Investment Partner and China Energy Research Association Executive Director Li Junfeng, if the new energy CEO, Tsinghua-Qingteng Future Science and Technology Academy (Phase IV) alumnus Li Yi, Director of the National Gold Securities Research Institute Su Chen, Senior Advisor of the Strategy and Development Department of Tencent Group Asian Development Bank Former Chief Energy Expert Zhai Yongping, Vice President of Tencent Cloud, Head of Energy and Resources Industry Shi Mei, Tencent Qingteng General Manager Wang Lan and other experts and more than 100 entrepreneurs, jointly conducted In-depth discussion.

This is also a year after Qingteng landed in the city living room in Chengdu, he once again led entrepreneurs to Chengdu and introduced high-quality industrial resources such as Qingteng Tree Platform and Tencent SSV carbon neutrality laboratory to explore new topics.

At present, what measures do Internet technology companies have to really promote industrial progress in the field of energy or dual carbon? Zhai Yongping, a senior consultant of the Strategy and Development Department of Tencent Group and the former chief energy expert of the Asian Development Bank, believes that innovation in the field of new energy and renewable energy mainly relies on young people, private enterprises, and mainly relies on the interaction between domestic and foreign countries to inspire each other. Zhai Yongping conducted a systematic analysis of Tencent’s many measures and concepts in promoting carbon neutrality goals in recent years.

Since the national dual carbon target was put forward, in March 2022, Tencent released the Tencent carbon neutrality strategy and roadmap. He summarized that Tencent’s efforts to help the whole society achieve carbon neutrality are divided into three points, one is on the C side, such as through WeChat reach ability, allowing 1 billion users to use our WeChat Mini Program and even games to encourage and support consumers’ green life transformation; the second is on the B side, using digital technology to help the industry reduce emissions; the third is on the S side, supporting the innovation of the whole society, through the "carbon search plan", supporting the whole society in the 2C process to encourage innovation.

As Tencent and Chengdu join hands to explore industrial innovation and upgrading, this event is just one of the many actions taken by Qingteng × Tencent’s new merchandise headquarters to help local high-quality development.

Tencent × Chengdu join hands to cultivate high-quality development of private enterprises

Private enterprises are ushering in an unprecedented opportunity for development. On July 19, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of the Private Economy" was released. The opinion pointed out that the private economy is a new force to promote the Chinese path to modernization, an important foundation for high-quality development, and an important force to promote our country to build a modern socialist country in an all-round way and achieve the goal of the second century. The "Opinions" were issued, which gave private entrepreneurs across the country a "reassurance".

In recent years, Chengdu has become a "blessed land" for private enterprises. Data show that in 2022, Chengdu will achieve a private economy added value of 1.015684 trillion yuan, breaking through the trillion yuan mark for the first time. Stimulated by favorable policies, in the first quarter of this year, Chengdu’s private economy achieved an added value of 2670.3 billion yuan, an increase of 4.6% year-on-year, and its share of GDP rose to 50.7%. The private economy shows a good trend of accelerating recovery and development.

Private enterprises are an important force to promote the integration of digital and real, and to promote the development of the private economy. It is also an important opportunity for Tencent and Chengdu to reach a good cooperation. In order to support the high-quality development of the local area, in 2020, Tencent’s first functional headquarters – Tencent’s new merchandise headquarters will be settled in Chengdu. Focusing on the general direction of science and technology + culture, it will continue to attract the landing of high-quality industries and promote the role of building a strong chain of circles. At the same time, it also supports the landing industries to provide support in various aspects such as venues, resource links and funds for local development, and work together to explore "digital and real integration".

Since the establishment of Tencent’s new merchandise headquarters, it has continued to enrich the industrial ecology for regional business development, and has promoted the landing of 34 enterprises, including Photonics (Chengdu) innovation research and development base, CF Crossfire e-sports alliance, Tencent Qingteng city living room (Chengdu), Tencent Research Institute Southwest base and other main industries, as well as driving upstream and downstream ecological enterprises, actively practicing the driving role of building a strong chain of circles, and helping Chengdu’s digital economy and digital merchandise industry to develop with high quality.

* Tencent’s new merchandise headquarters is located in Chengdu

Just one year later, in 2021, Tencent’s co-creation learning platform focusing on digital innovation and upgrading – Qingteng settled in Tencent’s new merchandise headquarters, and successively introduced many Tencent high-quality industrial resources such as the cutting-edge technology sharing platform "Under the Qingteng Tree", Tencent Research Institute, Tencent SSV carbon neutrality laboratory, etc., which not only brings long-term and effective learning platforms and talent service capabilities to Chengdu’s development, but also helps Chengdu to enhance industrial ecological cohesion. It also focuses on cutting-edge fields such as artificial intelligence, carbon neutrality, life science, and aerospace, and promotes the high-quality development of new economic industries to a new level.

Tencent is working with Chengdu to create a fertile ground for the growth of private enterprises.

Link the Qingteng entrepreneur community and let innovation collide and grow

Based on the good cooperation foundation between Tencent and Chengdu, on July 2 last year, Tencent and Chengdu "joined hands" again – the Qingteng (Chengdu) city reception room was officially opened.

In the planning, the Qingteng (Chengdu) City Living Room can serve as a base for entrepreneurs in Sichuan to create digital-real integration solutions, and it is also the first city site for Qingteng to use digital research to help the real economy.

* Qingteng (Chengdu) City Living Room

Here, entrepreneurs can not only enjoy a long-term docking platform and mechanism, but also connect with Qingteng students’ industrial landing capabilities and talent service capabilities. They can also widely connect entrepreneurs and industrialists in the digital economy industry in Southwest China, providing Qingteng alumni with an exclusive space for industry seminars, learning and sharing.

In the business observation documentary "Qingcheng" launched by Qingteng in the first half of the year, several "optimistic" entrepreneurs from Chengdu showed the unique vitality of Chengdu. Fusenmei Home Furnishing, a leading home furnishing store company in Southwest China founded in 2000, OUTPUT, an innovative digital content platform with a global perspective, and FITURE, a family technology fitness brand… They blended with the times with a positive and optimistic attitude, and took root in this dynamic and inclusive city, contributing to the healthy and diverse development of the local economy.

From the vertical issues of "carbon neutrality" and "new energy" to promoting comprehensive high-quality development, private enterprises are playing an increasingly important role. Tencent Qingteng will also adhere to Tencent’s "science and technology for good" values, actively respond to national policy advocacy, and take Chengdu as an important fulcrum to help the exploration and practice of industrial transformation in the southwest region and even the whole country.

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Wanda Film and Television released the annual film list, and more than 40 new film and television works appeared to attract attention

1905 movie network news As the National Day of 2020 is approaching, Wanda Film and Television Group has released the 2021-2022 annual film list. A number of key film and television works of the group’s three companies, Wanda Film and Television, New Media Eslite and Chengya Film and Television, have unveiled the mysterious veil. There are not only super IPs such as the highly anticipated "Dragon Seeking Art 2", but also science fiction masterpieces such as "Folding City" adapted from the Hugo Award-winning novel "Beijing Folding", as well as covering high-potential genre films such as "Manslaughter 2" and "I Want to See You" movie versions. At the same time, there are also many high-quality dramas such as "Young People Under the Yangmen", "Thank You Doctor", "Legend of Immortals and Swords", "Trumpeter in Place" and "Romance".

Focus on cinema powerhouses

As an advocate of "high-quality content + industrial production", Wanda Film and Television’s film list this time is full of surprises, among which the continuation of super IPs such as "Detective Chinatown 3" and "Dragon Seeking Art 2" is the most eye-catching. Taking "Detective Chinatown 3" as an example, the film is still the highest-rated film on the dual platforms of Cat’s Eye & Taobao Tickets. The cumulative number of people who want to watch it on the dual platforms exceeds 10 million, establishing a hegemonic position in the future schedule.

With the maturation of the Chinese film market, "genre films" will become an important source of box office output in the future. Wanda Pictures’ film list also confirms this trend, including science fiction, suspense, youth, love and other strong genre films. "Mozart in Outer Space" directed by Chen Sicheng, "Cosmos Exploration Editorial Department" supervised by Guo Fan, and "Folding City" based on the Hugo Award novel "Beijing Folding" will greatly satisfy the needs of science fiction fans. Including "Mistake 2", "Swallowing the Sea", "Three Battalions" and "Mystery" and many other detective and suspense works will also continue to burn the brain of the big screen. At the same time, youth love themes such as (tentatively named), the movie version of the phenomenal TV series "I Want to See You", and the high-scoring online drama adaptation "I Don’t Want to Be Friends with You" can not only continue the popularity of the previous work, but also meet the needs of young audiences.

In addition, the aerospace theme "Shenzhou" and "Forty-three Days of Shangganling", which tells the story of resistance to the United States and aid Korea, are closely related to the main theme film and the spirit of inheritance across the times, which also makes the industry and beyond shine.

Create a high-quality drama series

As the record label of the TV series under Wanda, the works launched by New Media Eslite this time are closely related to the hot pulse, covering the three mainstream themes of the times, family and the workplace. The third installment of the "Under Zhengyangmen" series, "Young People Under Zhengyangmen", focuses on the history of young people’s youthful struggles and shows their vibrant spirit. For mainstream family audiences, the three works of "Dear Parents", "Dear Children" and "Full-time Dad" work together to bring the ups and downs of Chinese families. "Thank You Doctor" starring Yang Mi and Bai Yu focuses on medical care, while "Cm of Love" starring Tong Liya and Tong Dawei tells the urban marriage between a female captain and a male doctor.

After the success of "White Head of Twilight" and "Glazed Glass", the new media Eslite will launch more masterpieces on the theme of ancient costumes and heroes in the next two years. The most concerned are the new "Legend of Immortal Sword and Fairy", which is the masterpiece of "Xianxia", and the adaptation of another popular novel by its author Guan Pingchao, "The Story of Burning Souls". In addition, there are many adaptations such as "Youth Sifang Zhi", "Dream Awakening Chang’an" and "Agarwood Fragrance", which lead the audience to walk through the novels and experience the touching love and hate in the rivers and lakes.　

At the same time, industrialization and refinement are not only at the film level, but also a series of super dramas such as "Trumpeter in Place", "Air Battle" and "Female Soldiers Array" are all key projects dedicated to the 100th anniversary of the founding of the Communist Party.

Create online high-quality products

Nowadays, online drama series and online movies are attracting more and more attention. Shooting high-quality content and rich and diverse genres will undoubtedly become a major trend in the industry. In this regard, Chengya Film and Television, a subsidiary of Wanda Film and Television Group, focuses on the production of online student content and dramas, striving to meet the multi-faceted needs of audiences by producing rich and high-quality content.

The company will make efforts in the field of high-quality dramas, assembling high-quality content and heavy creators. Currently, there are blockbuster dramas such as "Romance" and "Riding the Wind and Waves" in preparation. Among them, "Romance" is adapted from Xia Yan’s play "Under the Eaves of Shanghai", which tells the different fates of different characters from different classes in the national era. The play is directed by Zhang Ting, who filmed "Daming Fenghua", and brings together Yao Chen, Fan Wei and other powerful actors.

In addition, it will also focus on the development of high-quality online movies, and will produce a series of films including "Airborne Platoon", "Security Diary" and "Powerful Miracle", hoping to surprise audiences with rich emotions.

Wanda launched the 2021-2022 film list on the eve of the first National Day after the resumption of work, with more than 40 new works spanning the three major fields of cinema movies, online dramas, and online works. This will undoubtedly send a strong signal to the industry and beyond, and also convey more positive messages.

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This year, 70,000 sets of millet SU7 are planned to be mass-produced.

　　[car home Information] Recently, according to media reports, the SU7 of Xiaomi Automobile was mass-produced on January 22nd. It is estimated that the production plan is expected to reach about 4,000 units in March, and the production capacity will climb by the end of April. Two shifts of production will start in June, and it is planned to mass-produce about 70,000 units in 2024.

　　Earlier, Lei Jun, founder and chairman of Xiaomi Group, said in an interview with CCTV that (|) is expected to be listed in the first half of 2024, and now it is undergoing small-scale mass production. At the same time, Lei Jun said: "The overall configuration of Xiaomi SU7 is rich enough, so the cost is very high, such as 99,000 yuan, 149,000 yuan or even 199,000 yuan shouted by netizens. I think it is all a joke, and the pricing of Xiaomi SU7 may indeed be a bit expensive."

Home of the car

　　Recently, some netizens exposed the price of some models suspected of Xiaomi SU7 in the insurance policy at the domestic social platform, or it was 361,400 yuan. However, Wang Hua, general manager of the public relations department of Xiaomi Group, released Weibo that the price is only used as a test run-through process, so it has no reference value.

Home of the car

　　Xiaomi SU7 is positioned as a pure electric medium-sized and large-sized car, which is equipped with a number of brand-new technology products such as Xiaomi super motor, self-developed CTB battery and autonomous driving technology. In terms of body size, its length/width/height are 4997/1963 /1440mm respectively, and its wheelbase is 3000mm.

Xiaomi automobile Xiaomi SU7 2023 800km four-wheel drive Max version

　　The car is equipped with three steering wheels, and the driving mode switch button is decorated with red, which highlights the sense of movement. On the screen side, the new car uses a 7.1-inch flip instrument screen and a 16.1-inch central control screen with a resolution of 3K, and is equipped with a 56-inch HUD with a maximum brightness of 13000nit. In addition, SU7 also retains most of the physical keys, making it easier to operate common functions. In addition, it will be equipped with ambient lights, sports style Nappa leather seats, 5.35 square meters glass roof, 15-speaker sound system and so on.

Xiaomi automobile Xiaomi SU7 2023 800km four-wheel drive Max version

　　In terms of car system, Xiaomi 澎湃 OS will be installed in the car system of SU7. Xiaomi SU7 is equipped with Snapdragon 8295 chip, and the Xiaomi tablet can be seamlessly mounted on the car, which is used as the rear expansion screen. Xiaomi SU7 supports five-screen linkage, and its application ecology covers mainstream in-vehicle applications, tablet applications and mobile phone applications, supports CarPlay and airplay, and supports Apple iPad to get on the bus.

Xiaomi automobile Xiaomi SU7 2023 800km four-wheel drive Max version

　　In terms of power, the maximum power of Xiaomi SU7 dual-motor version is 673 horsepower, the acceleration time from 0 to 100 km/h is 2.78 seconds, and it is equipped with Contemporary Amperex Technology Co., Limited ternary lithium battery with a capacity of 101kWh, and the CLTC cruising range is 800km. The single-motor version has a maximum power of 299 HP, an acceleration time of 5.28 seconds from 0 to 100 km/h, and a capacity of 73.6kWh. The CLTC cruising range is 668km. (Source: Xinzhijia; Compile/car home Qin Chao)

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Liuzhou Extreme Krypton 007 Hot Promotion! The lowest price is 229,900, this time only.

Car home Liuzhou preferential promotion channel has brought good news to the majority of riders! There is a preferential promotion in Liuzhou, and the highest discount is as high as 10 thousand! The minimum starting price is 229,900. If you want to know more about the discount, please click the "Check Car Price" button in the quotation form to get a higher discount.

Extreme Krypton 007 is a futuristic electric SUV with simple and elegant front face design, smooth lines and full of science and technology. The air intake grille adopts a closed design, which highlights its identity as an electric vehicle. The overall style of the car body is fashionable and dynamic, the roof line is smooth, the tail line is simple, and the overall shape is fashionable and atmospheric. Headlights use LED light source, and the lighting effect is excellent. The lines on the side of the car body are simple and smooth, which highlights the sense of science and technology and movement of Krypton 007. The body size is moderate, which not only meets the needs of daily urban driving, but also does not lose the off-road ability of SUV. Generally speaking, the design of Kyk 007 is full of science and technology, which meets the needs of modern consumers for fashion, dynamic and environmental protection. It is an electric SUV that is worth looking forward to.

Extreme Krypton 007 is a medium and large SUV with a body size of 4,865 * 1,900 * 1,450 mm and a wheelbase of 2928mm, providing passengers with spacious seating space. The body lines are smooth, showing a dynamic and stable design. The front tread is 1635mm, the rear tread is 1650mm, and the front and rear tyre size are 245/45 R19, providing good handling and stability. Extreme krypton 007 tires and rim styles complement each other, perfectly blending sports and luxury elements to make your driving experience more comfortable and enjoyable.

The interior design of Krypton 007 is fashionable and atmospheric, with a leather steering wheel and imitation leather and leather seats, which makes it feel comfortable. The central control screen has a size of 15.05 inches, supports voice recognition control system, and can control functions such as multimedia, navigation, telephone and air conditioning. The front seats are also equipped with heating, ventilation and massage functions to provide a comfortable riding experience. In addition, Krypton 007 is equipped with various adjustment modes, such as front and rear adjustment, backrest adjustment, height adjustment (4-way), leg rest adjustment and lumbar support (4-way), so that passengers can freely adjust their seats according to their personal needs. The front row is also equipped with two Type-C and two Type-C multimedia/charging interfaces in the back row, as well as the wireless charging function of the front row mobile phone. The rear seats can also be laid down in proportion to increase storage space. In a word, the interior design of Krypton 007 pays attention to details and comfort, providing passengers with a comfortable driving experience.

The engine of Krypton 007 has a maximum power of 310 kW and a maximum torque of 440 N·m, which provides strong power performance for the vehicle. This engine can bring excellent acceleration performance and driving experience to Krypton 007, and also provide stable power output for the driving of the vehicle.

The design of Krypton 007 is undoubtedly an impressive highlight. As the owner of car home said, its fashionable atmosphere and family-style design language make people recognize its brand identity at a glance. The waistline of the car body is smooth and powerful, showing a sense of stability and vitality, and the design of the rear of the car also echoes the front of the car. In addition, the workmanship of the car body is also worth mentioning, both the paint surface and the sheet metal part are handled very well. Generally speaking, the design of Krypton 007 is undoubtedly a successful work, which fully shows the design concept and technological level of the brand.

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Wanda Film and Television released the annual film list, and more than 40 new film and television works appeared to attract attention

This year, 70,000 sets of millet SU7 are planned to be mass-produced.

Liuzhou Extreme Krypton 007 Hot Promotion! The lowest price is 229,900, this time only.

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