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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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Nine stars in one arrow! Taizhou-made satellite was successfully launched yesterday

At 12:00 on June 2, our country used the Long March II C carrier rocket at the Xichang Satellite Launch Center to successfully launch the Geely Constellation 01 group of satellites into the air, 9 satellites successfully entered the predetermined orbit, and the launch mission was a complete success. Xinhua News Agency issued

Satellite assembly site (file picture)

Sweep the Evening News Douyin Watch the exciting video

Yesterday at 12:00 noon, the first-orbit nine-star "Geely Future Travel Constellation" was successfully launched from the Xichang Satellite Launch Center and successfully entered the scheduled orbit. This is the first time that China has successfully launched a mass-produced commercial satellite in the form of "nine-star with one arrow" from the Xichang Satellite Launch Center.

The reporter learned from Geely that the nine commercial satellites are produced and shipped from Taizhou Xingkong Zhilian Technology Co., Ltd., located in Taizhou Bay New Area. The company is a satellite factory under Geely Technology Group and is the first satellite mass production factory in China that deeply integrates aerospace manufacturing and automotive manufacturing capabilities. The satellites are highly reliable and high-performance, with a design life of 5 years. The satellite manufacturing efficiency and system reliability have reached the industry-leading level.

The construction and commercial application of low-orbit satellite constellations is the focus of commercial aerospace development. The successful launch of Jiuxing this time was used for the deployment test of the first orbital plane of Geely’s low-orbit future travel constellation. The successful entry of the first orbital Jiuxing into orbit marks the start of the construction of the world’s first "heaven-earth integrated high-precision spatiotemporal information system" space segment created by Geely Technology Group. The overall constellation deployment plan is completed in 2025, and it is expected to provide satellite data application services covering the world in 2026, which will provide strong support for intelligent manufacturing, drone transportation, smart city, smart travel and many other fields.

It is worth mentioning that one of the nine stars is named "Asian Games China Star", which is the first commercial satellite named for the Asian Games. The satellite will empower the "Smart Asian Games" with aerospace technology to provide high-precision location-based services for official vehicles, and provide users with Torch Relay tracking, autonomous driving, multi-mode communication, and the eye of space to see the Asian Games and other special services.

Xu Zhihao, CEO of Geely Technology Group, said that the application of low-orbit satellites is the main battlefield for the future development of commercial aerospace, and it is also a high ground for the transformation of scientific and technological achievements that benefits the country and the people, and has great value. The successful launch of nine satellites into orbit this time confirms the strength of China’s private commercial aerospace technology.

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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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Ele.me "black and red" free of charge for 1 minute, can you win back the hearts of lapsed users?

  On July 29th, Shanghai. There were still 3 minutes before 16:00. Kobayashi opened the Ele.me APP and added 3 cups of milk tea to the shopping cart in advance. At 16:00, Kobayashi submitted the order on time and waited nervously for the "gift" from Lucky Muse.

  This is the "Guessing the answer and free order (that is, free order for 1 minute) " activity launched by Ele.me from June 21st (hereinafter referred to as the "free order activity"). The rules are: the platform publishes the question the day before, and the clue points to one or more groups of time. The next day, users have the opportunity to place an order within a specified minute. The upper limit of the free order amount in the early stage is 200 yuan, and the maximum is adjusted to 56 yuan in the later stage. So far, the activity has been held to the 5th issue, and has derived gameplay such as "whole network questions" "free order per minute" "double happy" "city special".

  Kobayashi participated in the "city special". The day before, the number of votes in Shanghai exceeded Wuhan and thus won 80,000 free places, 10,000 in each game, a total of 8 games. In the end, Kobayashi became the lucky one of the more than 9,300th people to be exempted from the game. "Thrilling, fortunately I won the bet today".

  Ele.me is a generous "treat", which is very eye-catching in the short term. How much bonus can it bring in the long run? It is also worth observing.

  The form of free order is not new, and there are two reasons behind the high attention of the harvest.

  Since its launch, Ele.me free-order activities have exploded in popularity, from "free-order answer" to "free-order time" to take turns on hot searches; as of August 2, #Ele.me free-order #topic has accumulated more than 3.70 billion reads on Weibo, and more than 50,000 notes on Xiaohongshu with the same keyword.

  Source: Network

  Source: Network

  In fact, the form of free shopping is not uncommon. Dianping next door has played the set of "please eat" very well, VIP has the opportunity to be selected to eat "Overlord meal", and the corresponding only need to write "after eating"; many platforms and merchants will also solicit business with free shopping benefits on specific days.

  Why is it that a form that is not novel can attract high attention? Market participants have explained to Hexun Finance that the free-order activity just happens to grasp the psychology of young people who love to pick up wool. If you guess the wrong answer, there is no loss. After all, three meals a day are rigid needs; if you guess correctly, it is the icing on the cake, why not do it? Therefore, many netizens joked that "betting on dogs will never give up" and "betting on nothing in the end".

  In addition, the free-order activity is simpler and more crude than coupon return, collection and other preferential forms. As of June 30, the first phase of the activity has been free of charge for more than 956,000 orders. If calculated according to half of the maximum free-order 200 yuan in the period, Ele.me will pay nearly 10 million. After 5 periods, the number will be even larger.

  The other side of the eye: from the title to the free order conditions have been complained

  The development of free-order activities has not been smooth sailing, and Ele.me has also encountered user backlash in the topics, free-order conditions, and other links.

  The title is usually a picture, covering elements such as guessing people’s names, chemical molecular formulas, traditional Chinese medicine, and music scores. Within two days of the event, the following beach beauty attracted controversy because all the number clues were invalid. The correct problem-solving pose is: The shape of the flowers is the root sign, and there are two people under the house, so the number in the root is 2. √ 2 is equal to 1.4142135623, and the ending number is June 23 of the day, so the free order time is 14:14 and 21:35 respectively.

  This "bizarre" answer made users shout "You can play by yourself" "I’m really speechless, I’m going down". Some netizens said that they were not angry because the question was difficult, but because the question was illogical.

  The free-order conditions are also full of controversy. For example, on July 17, Ele.me opened a "Black Diamond Special", and platform members had the opportunity to get free orders without answering questions. Facts have proved that the free benefits for members are not easy to get. On the Black Cat complaint, since July 18, netizens have participated in collective complaints one after another, saying that although they are Black Diamond members, they have not been free of orders in the special session.

  Source: Black Cat Complaint

  Source: Black Cat Complaint

  In addition, the "city special" has also been complained. In order to get more votes in the city, some people have fancy canvassing votes, and some people have questioned that the small city has no sense of participation, which once caused regional "scolding wars".

  Source: Network

  Source: Network

  It is worth mentioning that in order to strengthen the food safety supervision of food delivery platforms, on July 21, the Market Supervision Bureau of Hangzhou City, Zhejiang Province interviewed the city’s Meituan, Ele.me and other food delivery platforms. One of the requirements is that "the catering industry should further standardize the business order, strictly prohibit vicious competition, and do not allow low-price dumping to disrupt the market order." This also makes the market full of worries: is it referring to the Ele.me free-order event? Can the free-order event continue?

  However, on July 30, Ele.me announced that it would continue to hold its fifth edition from July 31 to August 7.

  Thousands of investments benefit many parties, but the biggest winner is the platform

  With praise and criticism, is this multi-million-dollar business still cost-effective? From the perspective of relevant parties, the free-order activity has benefited consumers, merchants and platforms.

  "Nothing else, just hope you are happy", consumers did reap happy and free benefits. According to media reports, some people even ate 6 meals a day for picking wool.

  For the food and beverage merchants who have been suffering from the epidemic for a long time, Zhou Di, a senior engineer of Fangrong Technology and a national science and technology expert of the Ministry of Science and Technology, told Hexun Finance, "The free-order activity has brought significant benefits, and consumers’ enthusiasm for participation is high. Many merchants have strong order growth and a significant recovery trend. Many merchants’like to mention ‘new daily peaks. The increasing order volume has injected business motivation into merchants and ignited consumption passion." Zhou Di also pointed out that the business growth brought by "free-order 1 minute" is "more than 1 minute": After the consumption peak at the beginning of the activity, the order volume still increased significantly for many consecutive days. The data shows that more than 300,000 merchants are involved in orders related to one phase of the activity alone.

  However, there is no free lunch in the world, and the biggest beneficiary is Ele.me. Seven data show that on June 21, the day of the official announcement of the free-order event, Ele.me APP jumped to the sixth place in the IOS free list, setting a new high in nearly three months.

  Source: Qimai Data

  Source: Qimai Data

  Gao Zelong, a digital economy expert and expert consultant of MIIT’s Leading Talent Program, said that "this is a good public relations, publicity and marketing tool," and explained in detail, "On the one hand, Ele.me claims that the first phase of the event has been free of orders for more than 956,000 orders, which is nearly 1 million self-media communication. I believe that many users who are free of orders will send Moments. This communication effect is huge; on the other hand, the platform bears tens of millions of yuan in free orders, which is really nothing for a tech giant like Ele.me, not to mention that the cost of tens of millions of yuan may eventually be borne by merchants, not Ele.me itself. In any case, there is always a way for the platform to pass on these costs to the merchants; in the end, through such activities or events, it may also get media attention, which is even more cost-effective. "

  Can free shopping save falling market share? Experts say "thousands of problems need to be solved"

  The free-order activity is in full swing, and the platform anxiety behind it has also begun to surface.

  At present, China’s takeaway market is still a "two-world" situation. After being "born" in 2008 and acquiring Baidu takeaway in August 2017, Ele.me’s market share once reached 54%, making it a well-deserved takeaway giant.

  But starting in the second half of 2018, Ele.me was gradually overtaken by Meituan. In July 2020, its market share fell below 30%, and further fell to about 25% in the first half of 2021; in 2022, according to the 2022 Meituan and its industrial chain research report, Meituan’s market share in the takeaway field may approach 70%, its revenue is three times that of Ele.me, and it has an early advantage in the lower-tier market.

  Although the two leaders have occupied more than 90% of the market share, there are still many rich and powerful players eyeing the position of the second child. In June, JD.com Retail CEO Xin Lijun confirmed in an interview that the company has considered entering the takeaway business; recently, Douyin has also begun to test the group buying home business. After users place an order in the catering live stream, they can ask the merchant to deliver it to their home. Earlier, SF Express incubated the group meal platform "Fengshi" in 2020.

  Although there is no head-to-head confrontation, the future that can be met may usher in changes. Zhou Di pointed out that during this time, the economic operation has been greatly affected by the epidemic, and many catering companies have lost confidence in operating. At the same time, many Internet Tech Giants have flooded into the catering track. It has caused great pressure on Ele.me. In this case, Ele.me needs a mass traffic event to arouse everyone’s attention and re-raise the heat.

  After Ele.me, JD.com and Meituan are also eager to try. The former launched the "Grab Free Orders, Not Alone" activity on July 28, in a format highly similar to "Free Orders for 1 Minute". Users have the opportunity to get free orders when they place an order at a specified time after guessing the puzzle; the latter started on July 31, and users place three orders randomly free of one order.

  "This is reminiscent of Didi and Kuaidi’s online car-hailing subsidy war a few years ago. This kind of platform subsidy requires huge investment, but it is often very effective. It is an effective means to quickly acquire users and occupy the market," Gao Zelong told Hexun Finance.

  "This is just one of the many factors for the success of the platform," Gao Zelong also said. What is the key to the long-term retention of users of the food delivery platform? In his opinion, whether it is Ele.me or JD.com, Meituan, to achieve ultimate success, it needs to solve thousands of problems, which is extremely difficult and complex.

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CJ officially ended! Players in the e-sports area of the exhibition hall linger, and Meizu becomes the biggest winner

  ChinaJoy is an exciting event for all game and technology enthusiasts, and it is Meizu who is the most popular exhibition hall this year, and everyone is eager to see it.

  The products Meizu showcased at ChinaJoy this year were unforgettable, while the "Singularity" stage and super charging stations also stopped many audiences.

  Even though today is the last day of ChinaJoy, the Meizu exhibition hall is still very popular, attracting countless loyal Meizu fans and game enthusiasts.

  Let’s talk about the game first. Meizu and JD.com jointly set up an e-sports area to provide audiences and users with equipment to play games and offline water friends competitions. It attracted all kinds of game gods to compete on the spot. The stage was hot, and the audience was also passionate, which is why Meizu can become the most lively exhibition hall of ChinaJoy this time.

  Of course, the Meizu 20 series has also successfully passed the test of the game God. Players who have experienced the Water Friends Competition say that the operation and response of the mobile phone are particularly fast, and the grip feels very good.

  For such a compliment, Meizu also made a lot of effort.

  First of all, Meizu will add the top hardware of the current market flagship. The top three-piece set of Snapdragon 8Gen2 + LPDDR5X + UFS4.0 constitutes the bottom computing power support of Meizu 20 series, providing extremely fast computing speed for mobile phones. Then it is matched with Meizu’s own Flyme10 system for scheduling and presentation.

  As the so-called good horse with a good saddle, Flyme10 also fully demonstrated its ability to control the Snapdragon chip, and Antu Rabbit’s running score also easily passed the 1.30 million mark. And with good memory scheduling and recycling technology, it achieved 21 background APPs at the same time.

  At the user level, the APP can be placed in the background for a long time without being turned off. It also allows users who are used to multi-APP switching and collaborative use to have a better experience.

  And for the good grip, the Meizu 20 series is definitely qualified to stand out among the heroes.

  Because the main performance chips and lenses of conventional mobile phones are concentrated in the upper half of the phone, the lower half of the phone is mainly simple interfaces and sensors. This design makes the upper half of the phone much heavier than the lower half. If it is a normal vertical grip, it actually doesn’t feel obvious.

  However, if you hold the phone horizontally during the game, you will find that one side of the phone is particularly heavy and the other side is very light, which will affect the game’s impact and the player’s grip.

  The Meizu 20 series has been comprehensively adjusted to make the weight ratio of the upper and lower parts of the mobile phone tend to 50:50, so that the mobile phone can maintain a very good feel whether it is held horizontally or vertically, and the weight will not tilt!

  Whether it is the careful design of the exhibition hall or the ingenious details of the product, all of them reveal Meizu’s emphasis on user experience and feelings! This may be the reason why Meizu has always followed to the end.

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Behind the doubts about the listing of Nongfu Spring: The fast-moving food industry is ushering in a wave of listings


  Writing | Willem


  Editor | Mori Miao


  Tao Huabi, founder of Laoganma, once said: The company can never go public because it has sufficient cash and does not do that deceptive thing.


  For many self-made food companies that have been cultivating the market for many years, stable revenue and profits and sufficient cash reserves make them not have to worry about financing, but can proudly refuse olive branches from the outside world. But this situation is slowly changing. As the food fast-moving consumer goods industry enters a new stage, competition among enterprises is becoming increasingly fierce, and more and more companies are beginning to put aside their stubbornness in the past. Even Wahaha, who was in the "non-listing alliance" at the beginning, has changed his insistence for many years, believing that "after going public, it can accelerate the development of enterprises". As Wahaha’s opponent for many years, Nongfu Spring, the largest drinking water producer in China, has also been reported recently. It is said that the company plans to IPO in Hong Kong with a financing scale of more than 1 billion US dollars, and it will be carried out as early as the first half of next year. Regarding the rumor, the relevant person in charge of Nongfu Spring said in an interview with the media that he would not comment on the news. This ambiguous answer made capital markets imagine infinitely. You know, when Nongfu Spring was reported to have an IPO two years ago, the founder Zhong Xuanxian responded very firmly: the company does not need to go public. Two years have made Nongfu Spring’s attitude change a lot, and looking at the entire food fast-moving consumer goods industry, more companies have rushed ashore in the past two years, trying to seize the final trend in the IPO tide.



  "Resolutely not listed" bottled water faucet, according to public information, Nongfu Spring was established in September 1996 and is headquartered in Hangzhou, Zhejiang. It is a holding company of Yangshengtang. At that time, the advertisement "Nongfu Spring is a little sweet" helped it quickly occupy the market. In addition to our common drinking natural water, Nongfu Spring’s main business also includes the research and development and sales of various soft drinks such as fruit and vegetable juice drinks and tea drinks. At present, Nongfu Spring distributes its products to all parts of the country by building large-scale production and nationwide marketing networks in water sources such as Qiandao Lake in Zhejiang and Danjiangkou in Hubei.



  (The picture comes from the official website of Nongfu Spring) Looking back on the development history of Nongfu Spring, the company has come a long way. In 2000, Nongfu Spring’s products switched from pure water to natural water, which made it successfully squeezed into the top three in the market. In 2007, Nongfu Spring began to advocate consumers to drink weakly alkaline water, which once again caused shock in the industry. In 2011, Nongfu Spring surpassed Master Kong to become the first in the packaged drinking water industry. According to data analytics company Nielsen, Nongfu Spring ranked first in the industry with a market share of 26.5% in 2018, followed by China Resources Yibao and Centennial Mountain with a market share of 21.3% and 10.1% respectively. Wahaha and Master Kang have long since withdrawn from the top three in the industry. For a long time, Nongfu Spring has been very low-key in the business world, and its founder Zhong Shansui is known for his mystery, which is called an invisible rich man by the capital circle. Because the company insists on not listing or financing all year round, its financial data has always been a mystery. However, according to the "2018 Zhejiang Business National Top 500 List" released by Zhejiang Business Magazine, Nongfu Spring’s revenue in 2017 reached 16.25 billion yuan, an increase of 8.3% year-on-year. In the three years from 2014 to 2016, Nongfu Spring’s revenue was 9.09 billion yuan, 12.60 billion yuan and 15 billion yuan respectively. In June this year, Yangshengtang Holdings’ Wantai Biological updated its prospectus and also revealed some of Nongfu Spring’s financial data. According to the prospectus of Wantai Bio, Nongfu Spring’s total assets in 2018 were 20.07 billion yuan, net assets were 14.411 billion yuan, net profit was 3.61 billion yuan, and the debt-to-equity ratio was 28.2%. With a low debt ratio and high net profit, Nongfu Spring was also called "selling water and milking milk" by capital markets, which is why Nongfu Spring was able to shout the slogan "not listed". However, the rumors from the outside world are not groundless. In fact, as early as ten years ago, Nongfu Spring tried to sprint the class A share IPO, and then entered a long tutoring period. In May 2008, Nongfu Spring and CITIC Securities (600030, stock bar) signed the "Initial Public Offering Stock Tutoring Work Agreement". From May to December 2008, Nongfu Spring received listing counseling, which included communication between CITIC Securities and Nongfu Spring management.Assist Nongfu Spring in sorting out specific development goals and ways to achieve them. However, at the beginning of this year, the "CITIC Securities joint stock company report on the termination of Nongfu Spring joint stock company counseling" issued by the Zhejiang Regulatory Bureau of the China Securities Supervision Commission shows that Nongfu Spring has undergone ten years of listing counseling by CITIC Securities and terminated in December 2018. As to why Nongfu Spring terminated the ten-year listing counseling, Nongfu Spring said to the outside world that the company has no plans to go public, and does not need to use the power of capital markets, so it terminates the listing counseling. "Nongfu Spring started to participate in counseling ten years ago, and every time it has to report, so far it is a routine counseling. The company currently has abundant cash flow and has no listing plan," the company’s board secretary said.



  According to the official website of Nongfu Spring, the company produces and operates dozens of products in four major series, including drinking water, fruit and vegetable juice drinks, functional drinks, and tea drinks. In addition to the familiar packaged drinking water brand Nongfu Spring, well-known brands in the market such as Nongfu Orchard, Scream, Water Soluble C100, and Oriental Leaves are also under its umbrella. Although it has not been active in listing, Nongfu Spring has been active in promoting new products and expanding its business. As a leader in China’s bottled water industry, Nongfu Spring has been actively expanding and investing more. In May 2010, Nongfu Spring invested at least 300 million yuan and signed a 10-year plan with Jiande City to build the Nongfu Spring factory project, saying that within ten years, Nongfu Spring will build 1.50 billion yuan in fixed assets in Jiande. In 2014, Nongfu Spring invested 1 billion yuan to establish the Emei Mountain factory, and then invested 500 million yuan to reach an agreement with the Jiangkou County Government to build a mineral water plant in Qindongping Town, Taiping Town, at the foot of Fanjing Mountain. In 2015, the Changbai Mountain (603099, stock bar) Fusong factory was fully put into use, officially entering the high-end water market, and launched Nongfu Spring glass bottle mineral water, natural drinking water suitable for infants and young children, and natural mineral water suitable for students. In August 2016, the fourth phase of the Nongfu Spring Jiande City project started with a total investment of more than 1 billion yuan. In October of the same year, the company invested 1.20 billion yuan to build its seventh factory in Zhejiang. At the end of 2016, Nongfu Spring Gannan Xinfeng County Navel Orange Factory was completed and put into operation, with a total investment of 680 million yuan.



  (Nongfu Spring Jiande Base) In addition, in order to achieve upgrades, Nongfu Spring has also increased investment in technological product innovation. Among them, the parent company Yangshengtang invests more than 1 billion annually in this regard, which is also the reason why Nongfu Spring has continuously launched new products in addition to natural drinking water. Especially in 2019, in order to open up new growth points, Nongfu Spring began to accelerate its expansion into market segments, and successively launched the ready-to-drink coffee brand "Charcoal", the middle-aged and elderly beverage "Lithium Water", and the low-temperature juice "NFC Juice". It is not difficult to imagine that with the rapid expansion of Nongfu Spring, the demand for funds will inevitably increase gradually. Although the company currently has a good cash flow, it is natural to open up new funding channels if it wants to be more comfortable in the development of new projects. In fact, the growth rate of Nongfu Spring’s revenue has been slowing down year by year. In the "2018 Zhejiang Top 500 List", Nongfu Spring’s revenue in 2017 was 16.25 billion yuan, an increase of 8.3% year-on-year. In 2015 and 2016, its revenue growth rate was around 20%. On the other hand, the competition in the domestic bottled water market is also becoming more and more brutal. After Nongfu Spring, there are five major brands such as China Resources Yibao, Master Kang, Hundred Years Mountain, Wahaha, and Binglu. The competition among oligarchs is intensifying. Nongfu Spring cannot be said to be without pressure. In this context, listing has become an option worth considering for Nongfu Spring, which can give it more ammunition in the ever-changing capital markets and face increasingly powerful opponents more calmly. In this regard, Zhu Danpeng, a Chinese food industry analyst, once said that the listing of Nongfu Spring, whether from the capital chain, corporate goodwill, or from the development of multi-brand, multi-category, multi-channel, multi-consumption scenarios, multi-consumer groups, and the development trend of fast-moving consumer goods, has certain advantages and help. Xu Xiongjun, a strategic positioning expert, also believes that "although Nongfu Spring operates in many aspects, it still needs to carry out multi-brand layout to enhance the scale. The most direct way is to achieve rapid expansion through capital operation and reduce the chance of making mistakes. "



  In fact, the entire food industry has entered a big year of listing in 2019, and many food companies have joined the IPO team. According to incomplete statistics from Node Finance (ID: jiedian2018), many leading food companies have "caught up with the tide" in 2019. Among them are West Wheat Food (002956, stock bar), which is mainly engaged in the production of oat food, Youyou Food (603697, stock bar), which is known as "the first stock of chicken feet", Tianwei Food (603317, stock bar), which specializes in hot pot seasoning, Three Squirrels (300783, stock bar), which started with dried fruits and casual snacks, Liangpin Shop, and New Dairy (002946, stock bar), Plum Garden, Feihe and other dairy companies. After that, there are Ganyuan Food, which specializes in processing beans and nuts, Zhancui Food, a cartoon snack foundry of Peppa Pig, Dongpeng Special Drinks, Huawen Food, the main company of "Jinzai", and Yoyo Orchard, which produces "Yoyo Plum".



  Combing through the list of food companies with IPOs this year, it is not difficult to find that these companies can be roughly divided into three categories, one is the snack companies represented by Three Squirrels and Yoyo Orchard; the other is the dairy companies represented by Plum Garden and Feihe Dairy; the third is the condiment companies represented by Tianwei Food and Zhongjing Food. First, the listing of leisure snack companies has become the focus of the food industry this year. With the centralized listing of Three Squirrels, Yanjin Shop (002847, stock bar) and other companies, the road to upgrading of the leisure snack industry has officially opened, especially in the context of omni-channel has become the consensus of the industry, the willingness of leisure snack companies to impact the IPO has become more intense. Secondly, 2019 is also a key year for domestic dairy companies to intensively impact the capital markets. On January 25, the new dairy industry, which has rapidly expanded through the integration of regional dairy companies, was listed on the Shenzhen Stock Exchange; on November 13, Feihe Dairy, which has been established for nearly 60 years, also sounded the bell for listing on the Hong Kong Stock Exchange. In addition, regional dairy companies such as Junyao Dairy, Huahua Niu, and Red Star Meiling are also actively promoting IPOs. In addition, the capital markets are also quite favorable to the condiment industry. In addition to Tianwei Food’s successful listing on the Shanghai Stock Exchange in April this year, many condiment companies have also rushed to A-shares and Hong Kong stocks. Moreover, with the opening of the domestic salt industry, many salt companies represented by Hunan Salt Industry (600929, stock bar), Shandong Salt Industry, and Jiangxi Salt Industry have also joined the IPO team. It is worth mentioning that in addition to brand manufacturers, food foundries have also become new members of the IPO army, among which Zhancui Food, which was established in 1996, is the most concerned. This factory that processes candy and chocolate for brands such as Peppa Pig, Minions, and Frozen, also decided to hit the capital markets. The food industry is the industry that is most in contact with people’s daily lives and is the most vulnerable to attention. Under the pursuit of capital, Haitian Flavor Industry (603288, stock bar), Fuling mustard (002507, stock bar) and other sub-enterprises have become large-market companies. Among them, the total market value of Haitian flavor industry has reached about 300 billion yuan, which will undoubtedly be a huge stimulus for Nongfu Spring or other food companies.



  Many factors have contributed to the boom in capital markets. Behind the listing of many food companies, on the one hand, it is the favorable policy environment, and on the other hand, it is the pressure of the entire market environment and the company’s own operation. First of all, from the policy perspective, in 2017, 7 food companies went public smoothly. However, in 2018, under the situation of stricter review by the Issuance Examination Committee, Hairong Food, Dexing Food and other companies have suspended the review, and no one has attended the meeting throughout the year. In May 2019, at the annual meeting of the China Listed Companies Association, Yi Huiman, chairperson of the Securities Supervision Commission, said in response to the issue of IPO listing of enterprises that more outstanding enterprises from all walks of life will be attracted to list and continue to maintain the normality of IPO. The food industry, as an industry related to people’s livelihood, has naturally ushered in the upsurge of capital markets; as of the end of August this year, six companies have successfully obtained the approval of the Securities Supervision Commission.



  Secondly, the listing of food companies at this time is also due to the critical period in the current food industry. According to the data of iiMedia Consulting in 2018, the retail sales of various sub-segments of the fast-moving consumer goods industry in our country continued to grow. Among them, grain, oil and food increased by 10.2% year-on-year, beverage increased by 9.0% year-on-year, tobacco and alcohol increased by 7.4% year-on-year, and daily necessities increased by 13.7% year-on-year. However, with the overall growth of the industry, the competition among enterprises is getting bigger and bigger. Taking the beverage industry where Nongfu Spring is located as an example, the data of the China Commercial Industry Research Institute shows that as of the end of May 2018, the number of enterprises in the beverage manufacturing industry in our country reached 6717, of which 881 were loss-making enterprises, with a total loss of 3.82 billion yuan, a year-on-year decrease of 4.7%. In this critical period of the industry, almost all food companies are facing a life-and-death test. Surviving it means that they can achieve rapid development, otherwise, they are very likely to be eliminated by the market. And because the entry threshold of the food industry is relatively low, and there are many companies participating, capital and management have become the key to victory. In recent years, fast-moving consumer goods have fallen to the bottom, and almost all companies have begun to worry about cash flow, and some of their shortcomings have also been exposed due to financial problems. At present, many food companies have problems such as single products, categories, channels, scenarios, and consumer groups, which brings great risks to business operations. Listing can not only solve financing problems, but also solve some management problems, and also facilitate the rapid expansion of enterprises. On the day of Zhou Hei Duck’s listing, the official flagship store sold a total of 1.25 million boxes of goods. On the same day, the stock price rose by 13% to the close. It can be seen that in the domestic class A share listing, in addition to bringing sufficient capital transfusion, enterprises can also obtain a rapid increase in brand influence and a sharp rise in market value and valuation. Therefore, no matter how tight-lipped food companies like Nongfu Spring or Wahaha are, in the context of consumption upgrades and increasingly fierce platform competition, going public will become their next priority.


This article was first published on WeChat official account: Node Finance. The content of the article belongs to the author’s personal opinion and does not represent the position of Hexun.com. Investors operate accordingly, and please bear the risk.

(Editor in charge: He Yihua HN110)
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Baidu AI black technology? Experience Xiaodu at home smart speaker AI system

Xiao Ai, Tmall Genie, 9420, are you familiar with these summoning names? Smart speakers have become popular in recent years and have begun to enter thousands of households. This kind of speaker that allows users to control with voice commands is sometimes very convenient. Users only need to make a voice call to let them play songs, control smart appliances, have conversations, and ask questions.

There are many ordinary smart speakers, so let’s take a look at a smart speaker with a screen. Let’s take a look at the advantages of a smart speaker with a screen compared to a smart speaker without a screen. This time we want to invite the "Xiaodu Home" smart video speaker jointly produced by Baidu and Xiaoyu Home.

Figure 1 Xiaodu smart speaker at home

Xiaodu has a 10W high fidelity sound unit and a 6-microphone array omnidirectional high fidelity audio capture at home. Compared with other smart speakers, Xiaodu’s biggest feature at home is a 7-inch touch screen and a 500W pixel camera.

Xiaodu’s main operation experience at home, in addition to being able to touch

When you get Xiaodu at home, turn it on for the first time, just like other Internet speakers, you need to perform networking operations first. Xiaodu can directly use the touch screen for Wifi networking operations at home. After networking, it provides the associated QR code for the user’s mobile APP Xiaodu to bind at home. After that, you can also associate the user’s Baidu account.

The summoning word of the Xiaodu speaker is "Xiaodu Xiaodu". Users can switch it to "small fish" in the settings of Xiaodu at home, but they still cannot customize other summoning words. Many operations can be carried out by voice. In addition to using voice to control, the touchscreen is also a convenient way for users to control. The clarity of this touchscreen is still good.

The upper right corner of the screen displays the time and weather forecast and air quality, the upper left corner has three shortcut buttons (skills, content square, dial), and the lower left corner is the shortcut button to summon Xiaodu’s automatic speech recognition at home. After pressing it, the user does not need to say the "Xiaodu Xiaodu" summon word in advance, just say the command. In the default settings, Xiaodu will automatically perform four-screen switching (time weather, shortcut call, skill prompt, content recommendation) when in standby at home.

The drop-down screen can activate the shortcut menu, where you can quickly switch on and off some functions, or adjust the volume to quickly turn off the music.

The screen wallpaper can be customized, and there is a carousel function, which means that users can also use Xiaodu at home as an electronic album. Users can upload photos to Baidu at home albums in the Xiaodu at home APP and let them be automatically displayed on the screen. In addition, it also supports the function of directly opening Baidu network disk to view pictures.

Figure 2 Xiaodu’s standby screen at home (please forgive the lack of low-level photography technology and photography equipment, the same as below) Xiaodu’s screen display effect at home is still good.

Figure 3 Drop-down menu

Xiaodu also has a theme mode at home, and currently users can use the themes of "Fresh Time, Night Reading Time, Leisure Time, Holiday Beach". "Xiaodu Xiaodu, turn on Night Reading Time". After receiving the command, Xiaodu switches to this theme mode at home to display relevant animations and background music.

Picture 4 Night reading time

2 Q & A videos without pressure

100,000 why, Xiaodu can answer a lot of questions at home

Xiaodu has an advantage resource at home, that is, having Baidu’s encyclopedia resources, users can use it to quickly query encyclopedia knowledge. It is very suitable for children to ask 100,000 why.

Xiaodu Xiaodu, a photo of an elephant. Xiaodu operates at home: the screen displays a photo of an elephant.

Xiaodu Xiaodu, how to write the word "Zhang". Xiaodu operates at home: the screen displays the word Zhang, and the stroke order animation is displayed.

Xiaodu Xiaodu, why does the sun shine? Xiaodu operates at home: the screen displays relevant knowledge content and reads aloud.

Xiaodu Xiaodu, who is Jacky Cheung? Xiaodu operates at home: The screen displays the Jacky Cheung introduction video in the second understanding encyclopedia. After the video ends, the relevant information of Jacky Cheung is displayed.

Xiaodu Xiaodu, describe the solar system. Xiaodu operates at home: The screen displays relevant knowledge content and reads aloud.

Figure 5 shows the elephant photo

Figure 6 shows the stroke order animation

Xiaodu can speak and sing at home, and the lyrics are displayed synchronously. It’s really good

As a smart speaker, Xiaodu’s rap function at home is really not bad. After upgrading Xiaodu’s system at home to the latest version, you can link the QQ music account, so that the resources that can listen to songs become massive. As for video resources, Xiaodu calls iQIYI video and Haokan Video at home, among which iQIYI video can log in to the account, and iQIYI VIP users can skip advertisements. And the book review resources use resources from Himalayas, Dragonfly FM, and Koala FM.

In addition to telling Xiaodu what to watch and listen to at home, users can also enter Xiaodu’s content square at home to conduct content on demand. The content square contains content such as film and television, short videos, news, radio, music, children, games, and audio.

Figure 7: Content Square

For music content, after binding QQ Music, you can basically hear all the songs you want to listen to, and Xiaodu has a good function at home, which is to display the lyrics synchronously when playing songs.

Figure 8 can display lyrics synchronously

Xiaodu is very convenient to watch videos at home, and there is also live TV.

Compared to the smart speaker without a screen, Xiaodu can not only get resources to listen to at home, but also get resources to watch. Users can use Xiaodu to watch the resources in the iQIYI video at home, and when they are bored, they can let Xiaodu play funny videos at home. If you can play audio & video, that would be great.

When playing video content, the user can use the player control button to quickly switch the previous and next video, pause the video and collect the video, and voice command to fast forward and rewind for how many minutes. Support the user’s familiar left swipe setting brightness and right swipe setting volume function.

Figure 9 Playing video content

Figure 10: Broadcasting a radio drama

For video content, users can use small degree at home will be projected to the TV, small degree at home currently supports DLNA function, can be projected to iQIYI TV fruit under the same network, but also supports most smart TV DLNA projection function.

In addition to these, Xiaodu also supports live TV at home, allowing users to watch TV. Xiaodu also has online radio at home, making it convenient for users to listen to radio stations.

Figure 11 Live TV function

3 Video conversations for all ages

Convenient for the elderly and children, video dialogue function

There is a prominent dial button in the upper left corner of Xiaodu’s standby screen at home. After clicking, you can enter the dial interface and directly video call the set contact. If the other party Xiaodu’s home APP is online, you can have a video conversation after connecting. This function is a very good function for children or the elderly at home. Two Xiaodu can also video call between homes.

Figure 12 Video conversation

In addition, Xiaodu also supports direct calling at home, but this function is not free and requires users to recharge before using it.

Figure 13 Normal dial

With this camera, users can also view the content in front of the camera with their mobile phone in real time. Users only need to enter the home interaction of the Xiaodu Home APP to view the camera content in real time. When the user views, a reminder will pop up in Xiaodu’s home and play a prompt tone to remind the user that someone is viewing the camera. Users can also manually turn off the camera at Xiaodu’s home.

Figure 14 View the camera content in the Xiaodu Home APP

Figure 15 Small degree reminder at home

Xiaodu’s camera at home can also help users take pictures quickly. Users only need to use the voice command "Xiaodu Xiaodu takes pictures", and Xiaodu will take pictures after counting down 3 seconds at home.

In addition, Xiaodu also has a smart capture function at home, which can help users capture exciting content. Users can choose whether to turn on this function.

Figure 16 Intelligent capture function

Xiaodu can teach early at home, and the educational function is quite rich

For early childhood education, Xiaodu has prepared resources such as Baby Bus, Children’s Songs, Little Banlong School, Baby Know, Little Prince Storybook, and Addition and Multiplication for users at home.

Figure 17 Xiaobanlong School

For learning tools, Xiaodu has prepared functions such as Chinese-English translation, concise Japanese, Lele Academy, search banner dialogue to learn spoken language, search banner to learn words, learn ancient poems, and write stories together at home.

Figure 18 Chinese to English translation

Figure 19 Sentence translation function

Users can also directly let Xiaodu perform calculations. In addition to providing answers at home, Xiaodu also displays a calculator for users to perform quick calculations.

Figure 20 Calculation

Xiaodu at home, child protection function

In order to prevent children from using it for too long and being exposed to bad content, Xiaodu Home has prepared a child protection function for users. Users can enable this function in the Xiaodu Home APP. After opening, Xiaodu Online can display only the content of resources suitable for children, distance protection (to prevent children from being too close to the screen), and set usage time limits and search restrictions.

Figure 21 Child protection content

Xiaodu is at home, with built-in mini-games

Xiaodu has several built-in mini-games at home, such as backgammon, vocabulary paradise, guessing musical instruments, guessing animals, you sing and I guess, animal riddles, etc. However, you cannot install special games and other applications by yourself.

Figure 22 Built-in mini-game

Xiaodu’s resources at home are not all free, and some content needs to be paid for, such as Uncle Kai telling stories, looking at pictures to guess idioms, etc. The paid operation is also very simple, just scan the QR code, and support WeChat, Alipay, Baidu wallet payment.

Figure 23 Paid content

4 Training interaction is valuable

Train to make Xiaodu smarter at home

In the Xiaodu Secret Language of Xiaodu Home APP, users can add automatic speech recognition content for Xiaodu Home, and can also customize voice questions and answers. A special function of Xiaodu Home is that users can customize multiple questions to correspond to the same operation, and the corresponding operations can be broadcast, recording and instructions.

Figure 24 Small degree secret language

  Figure 25 Operation after identification

Remote assistance, you can also control Xiaodu at home from a distance

Xiaodu also has a special skill at home, remote assistance. Users can use the Xiaodu at home APP to remotely control Xiaodu at home. This can help remotely restore when children or the elderly mess up the settings and don’t know how to restore them. Or if you want to see what the child is watching, you can also view it remotely. This is a great function. When entering and exiting the remote assistance, Xiaodu will have a voice prompt at home. It’s just that the image quality of this remote operation interface is a bit low. It is recommended that users can set the image quality according to their own network speed.

Figure 26 Xiaodu remote assistance at home

Family interaction, viewing photos is simple

In the home interactive channel of the Xiaodu Home APP, users can not only view the Xiaodu Home camera function in real time, but also view the smart capture content and the photo album content of Xiaodu at home.

Figure 27 Family interaction

Xiaodu is at home, what can it understand?

The most commonly used way to control AI speakers is to use voice commands, so can Xiaodu understand the user’s commands to perform operations at home? This is a test for Xiaodu at home. The test is affected by the environment and language, and the test results are for reference only and do not represent the final results in the testing environment.

Voice command: "XX share price"

Xiaodu operates at home: the screen displays XX stock price, telling the stock price + rise and fall + total market value.

Voice command: "Express inquiry".

Xiaodu operates at home: Open the courier inquiry, and the user can say the courier number for inquiry.

Voice command: "Good morning"

Xiaodu operates at home: broadcast the date, broadcast a quip, weather forecast, temperature, air quality, and play cheerful music.

Voice command: "What do cats (animals) call"

Xiaodu operates at home: play the dog’s barking + display the corresponding animal photo.

Voice command: "Music"

Xiaodu operates at home: play random music + display lyrics on the screen.

Voice command: "Play Jacky Cheung’s song"

Xiaodu at home operation: play Jacky Cheung’s song + broadcast song title singer + screen display lyrics.

Voice command: "Guzheng Music"

Xiaodu operates at home: play the ancient song

Voice command: "Play Leaving Sorrow"

Xiaodu operates at home: play Leren Sorrow + broadcast song title singer + screen display lyrics.

Voice command: "Change singer"

Xiaodu at home operation: changed a singer to play the sadness.

Voice command: "Do you want to eat?"

Xiaodu operates at home: Compared with eating, these divine songs fascinate me more. Quickly tell me Douyin Divine Comedy.

Voice command: "I’m hungry"

Xiaodu operates at home: Don’t go hungry, go and eat something.

Voice command: "What day is the lunar calendar today?"

Xiaodu operates at home: play the lunar date, and recommend hot spots.

Voice command: "Set the alarm at 18 o’clock"

Xiaodu operates at home: Set an alarm clock.

Voice command: "Set 1 minute countdown"

Xiaodu operates at home: the 1-minute timer starts, and the screen shows the countdown. The last 10 seconds are cool, and the music reminder is completed in time.

Voice command: "Turn off the screen"

Xiaodu at home operation: turn off the screen display.

Xiaodu is at home, some other functions

Xiaodu has Bluetooth function at home. When using Bluetooth to play songs, you can also use voice commands to perform previous and next operations.

After turning on the geek mode, you can start the continuous conversation function without having to start every command in small steps.

Xiaodu supports smart device control at home, and currently supports voice control functions of multiple smart devices.

Xiaodu is at home, some shortcomings and some suggestions from the editor

Let’s talk about the shortcomings of Xiaodu at home.

First: the accuracy rate of automatic speech recognition is far better than that of Tmall Genie. A special case is that after standing by for a long time or performing multiple operations, there will be either recognition errors or no response. These phenomena will be fine after shutdown and restart. The editor estimates that it is caused by insufficient memory. I hope the official will add the automatic memory cleaning function. The editor uses standard Mandarin.

Second: the Bluetooth playback mode of Xiaodu at home, connecting the mobile phone music to Xiaodu at home, I don’t know why it will be one card and one card (I don’t know if it is a separate phenomenon).

Third: Xiaodu doesn’t have a battery at home, so he has to drag a live tail behind him. When using it for children, you need to pay attention to safety.

Fourth: It is recommended that the indicator light turn on when the camera is working, rather than the current disabled camera.

Fifth: You can make a cool desktop with an animated version of the weather forecast, plus a temperature and humidity display.

summary

With a touch screen, Xiaodu’s smart speaker at home is indeed much more convenient, and it is really good to use the display screen to display more content on many content, especially encyclopedic content. Watchers with children at home can buy and play, use it to listen to stories and learn knowledge. It is a good tool.

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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.

通过admin

BYD’s Tang family is about to debut with high value, and non-genetic inheritors interpret the aesthetics of the prosperous Tang Dynasty

Recently, the # Xunji Tangguanyimai # Tang Family New Car Design Tasting was held in Beijing, and the Tang family’s high-value series was revived. The champion version of Tang EV (parameter picture), the champion version of Tang DM-p, the champion version of God of War and the champion version of Tang DM-i came together for 200KM, and the charm of Tang Fenghua was sublimated again.

The Tang family, the flagship SUV of the dynasty, after eight years of market cultivation, used data with a cumulative sales volume of over 540,000. As the flagship SUV of the dynasty, the Tang family always stood at the forefront of China’s cultural expression, relying on Longyan’s aesthetic design, showing the inheritance of the essence of traditional culture and showing the true national self-confidence.

With this new car tasting, BYD invited national intangible experts and inheritors to gather together, focusing on the inheritance and development of Chinese craftsmanship, holding a round-table forum, and deeply tasting the advanced strength of the new Tang family together with the guests.

Inheriting Chinese craftsmanship, the Tang family advanced inside and outside.

For a long time, the Tang family has interpreted the essence of national tide design with the representative aesthetics of Longyan. This time, the Tang family came from the revival of high-value series, taking China culture as the source of inspiration, following the representative Longyan aesthetics of the dynasty, focusing on the inheritance of three intangible skills and tracing the Tang Dynasty.

In terms of appearance color, the Tang family added silver glaze and white color matching. As we all know, there are many kinds of white: white paper, white clouds, white snow, silver, etc. Although they are all white, they have different colors and textures.

In China’s aesthetic system, white is the highest realm of natural beauty. The silver glaze of the Tang family is the white of white porcelain, with smooth glaze, white glaze color, low-key luxury and texture, which is inspired by Xing Kiln, one of the seven famous kilns in the Tang Dynasty. The white porcelain produced by Xing Kiln has the reputation of "snow is like silver". At the tasting meeting, Yang Shuo, the executive director of Xingyao Literature Museum, was present to share the Chinese temperament conveyed by white porcelain: Tang Bai had several key points. It was the tribute porcelain marked by the earliest imperial kiln at that time, which created the earliest imperial kiln in China; It was an important export product of the Maritime Silk Road and reached world-class influence at that time. As for the silver glaze white adopted by the Tang family, curator Yang Shuo bluntly said that the beauty of the Tang family’s dragon face and the silver glaze white set off each other, which injected the charm of white porcelain culture into the footnotes of the new era.

In the interior, the Tang family brought a brand-new color matching of lotus root rhyme and gray interior. The color inspiration was taken from the popular costume color of the Tang Dynasty, "autumn and a half of lotus root silk", and the visual sense was warm and quiet. Zhang Bailin, the inheritor of Jiang Sixutang’s traditional Chinese painting pigment production skills at the tasting meeting, said that throughout the ages, people have extracted colors from all things in nature and applied them to food, clothing, housing and transportation, forming a unique cultural brand. Just like in the Tang Dynasty, people were inspired by the scene that lotus root silk was stained with autumn colors, forming a popular dress color-lotus root silk in autumn and a half. Lotus roots are in autumn and a half, lotus roots are concrete, and autumn colors are images. Lotus root is the reference object of ancient people’s preference for color, such as lotus root color, lotus root color and lotus root silk color. Lotus root color is white, but it is not pure white. Lotus root silk in autumn and a half gives people an artistic conception of "pale smoke shines on the setting sun, which is not related to the world, but can wait for the wind and moon" The Tang family inherited the classics, which revived an oriental love letter about color written by Chinese descendants with all natural things, and showed the charm of China.

Highlighting the Chinese character, the Tang DM-p version of God of War is coming.

This time, the Tang clan has renewed its brand-new version of DM-p God of War, which is inspired by the armor and infused with silver sand and black color matching, and adopts a black appearance kit, and the interior configurations such as black suede seats and suede car ceilings are integrated with each other, releasing a deep fighting atmosphere from the inside out. The arrival of the DM-p version of the God of War in Tang Dynasty reflects the Tang family’s tribute and inheritance to the chivalrous culture of the Chinese nation. At the event site, Jiang Long, the non-genetic inheritor of tangdao’s forging skills, shared that "the great man is for the country and the people. As the most powerful empire in China’s history, the Tang Dynasty is the era of chivalrous culture, and the Tang Hengdao, which was born after complicated forging technology, has also become the expression carrier of chivalrous culture. " Knife and sword were always a symbol of power in ancient China. Knife is more popular among the people, and there is a strong way of its own, also known as the king of hundreds of soldiers. Tangdao developed on the basis of han dao, adopted han dao’s "Hundred Steels" forging process, and improved the treatment method of impurities in steel during forging, followed the "Baotou Steel", heat treatment and quenching technology of han dao Sword, and the shape, exterior decoration and exquisite splendor of Sui sword. Make the sword of Tang dynasty strong and flexible, bold and refined, proud and simple, gorgeous and quaint. Tangdao’s Chinese character and Tang DM-p Ares Edition complement each other, giving people a powerful momentum and showing the characteristics of fearless progress.

At the same time, Tang EV Champion Edition, Tang DM-p Champion Edition and Tang DM-p Ares Edition have upgraded the brand-new Chinese taillight style, which is simple and dynamic. Obviously, in the balance of modeling, technology and functionality, the Tang family is opening a new chapter in the blending of tradition and modernity with its uncompromising aesthetic and practical experience.

Summary:

In the design of new cars, the Tangjiazu series is full of high-value series, with new technologies superimposed by ingenious craftsmanship, deeply inheriting and innovating traditional culture, and deducing the elegance of the "Tang" in the new era. # 京京京京京京 # At the Tang family new car design tasting meeting, the new car has won unanimous recognition and praise from non-legacy experts and inheritors for the inheritance and blending of traditional culture and modern technology. It is reported that the Tang family’s all-engine high-performance series is ready to go, and will be unveiled and pre-sold during the Chengdu Auto Show, and the listing will officially enter the countdown!

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The graphic record of Jiangxi Provincial People’s Government The press conference on Jiangxi’s foreign trade import and export in 2019 was held in Nanchang.

Press conference site (photo by Huang Yuting)

On January 17th, Jiangxi Provincial Government Information Office and Nanchang Customs jointly held a press conference on Jiangxi’s foreign trade import and export in 2019. Zhou Weiying, deputy director of Nanchang Customs and member of the Party Committee, introduced the import and export of Jiangxi’s foreign trade in 2019. Bu Yangang, director of commodity inspection department of Nanchang Customs, Huang Qifeng, director of statistical analysis department of Nanchang Customs, and Tang Fujiang, deputy director of enterprise management and inspection department of Nanchang Customs, attended the press conference and answered questions from reporters. Li Feng, deputy director of the Foreign Information Office of the Provincial Government Information Office, presided over the press conference. 

Li Feng, Deputy Director of the Foreign Information Office of the Provincial Government Information Office (Huang yuting Photo)

Li Feng:

Dear journalists and friends,

Good morning everyone! Welcome to the press conference on the theme of "studying and implementing the spirit of the Fourth Plenary Session of the 19th CPC Central Committee and promoting high-quality leap-forward development in Jiangxi" held by the Information Office of the Provincial Government. Today, we are very pleased to invite Mr. Zhou Weiying, deputy director of Nanchang Customs and member of the Party Committee, Mr. Bu Yangang, director of commodity inspection department of Nanchang Customs, Mr. Huang Qifeng, director of statistical analysis department of Nanchang Customs, and Mr. Tang Fujiang, deputy director of enterprise management and inspection department of Nanchang Customs, to introduce Jiangxi’s foreign trade import and export in 2019 and answer your questions.

Let’s ask Deputy Commissioner Zhou Weiying to introduce the relevant situation.

Zhou Weiying, Deputy Commissioner of Nanchang Customs and Member of the Party Committee (photo by Huang Yuting)

Zhou Weiying:

Dear journalists and friends,

Good morning everyone! Nice to meet you. Today is the first press conference of Nanchang Customs in the new year. I would like to take this opportunity to express my heartfelt thanks to the media friends who have long cared for, supported and helped the customs work. Below, I will first report the import and export situation of Jiangxi’s foreign trade in 2019, and then answer your questions.

In 2019, the total import and export value of Jiangxi’s foreign trade was 351.19 billion yuan, an increase of 11.1% over 2018. Among them, exports reached 249.64 billion yuan, up by 12.3%; Imports reached 101.55 billion yuan, an increase of 8.2%. The growth rate of Jiangxi’s import and export, export and import was 7.7, 7.3 and 6.6 percentage points higher than the national average in the same period respectively.

In dollar terms, the total import and export value of Jiangxi’s foreign trade was US$ 50.92 billion, an increase of 5.7% over 2018. Among them, exports reached 36.2 billion US dollars, up by 6.6%; Imports reached US$ 14.72 billion, up by 3.3%.

In the past year, Jiangxi’s foreign trade showed the following six characteristics:

First, the scale of import and export climbed quarter by quarter, reaching a record high. In the first quarter of 2019, the import and export value was 74.47 billion yuan, 83.44 billion yuan in the second quarter, 93.36 billion yuan in the third quarter and 99.93 billion yuan in the fourth quarter, all of which increased by more than 7% from the previous quarter.

Second, the trading partners are more diversified, and the import and export of major markets except the United States have maintained growth. In 2019, Jiangxi had trade with 233 countries and regions, and ASEAN remained the largest trading partner. Jiangxi imported and exported 58.9 billion yuan to ASEAN, an increase of 19.4%; The European Union surpassed the United States to become Jiangxi’s second largest trading partner, and Jiangxi imported and exported 46.65 billion yuan to the European Union, an increase of 26.7%. Imports and exports to the United States reached 37.29 billion yuan, down 3.6%. Imports and exports to Japan and South Korea were 24.84 billion yuan and 24.63 billion yuan respectively, up by 10.1% and 28.9% respectively. In addition, Jiangxi’s import and export to countries along the "Belt and Road" reached 102.81 billion yuan, up 14.2%, 3.1 percentage points higher than the overall growth rate.

Third, the pulling effect of private enterprises is more obvious. Private enterprises account for nearly 70% of imports and exports, and the exports of production enterprises maintain double-digit growth. In 2019, the import and export of private enterprises was 244.79 billion yuan, up 18.4%, accounting for 69.7% of Jiangxi’s total foreign trade, up 4.3 percentage points from 2018. Among them, the export was 187.12 billion yuan, up by 13.7%; Imports reached 57.67 billion yuan, an increase of 36.4%. The import and export of foreign-invested enterprises was 92.61 billion yuan, accounting for 26.4%. The import and export of state-owned enterprises was 13.19 billion yuan, accounting for 3.8%. In the same period, the export of production enterprises was 130.3 billion yuan, an increase of 18.5%, and the growth rate continued to be ahead of the overall export, accounting for 52.2% of the province’s exports from 49.5% in 2018.

Fourth, the mode of trade is more optimized, with the proportion of general trade exceeding 70%, and the growth rate of processing trade ranks second in the country. In 2019, the import and export of general trade in Jiangxi was 258.5 billion yuan, an increase of 2.1%, accounting for 73.6% of the province’s total foreign trade. In the same period, the import and export of processing trade was 89.01 billion yuan, an increase of 50.4%, ranking second in the country, accounting for 25.3% of the province’s total foreign trade, an increase of 6.6 percentage points over 2018.

Fifth, the commodity structure is more reasonable, and the import and export of mechanical and electrical products are growing rapidly, and the proportion is more than half for the first time. In 2019, Jiangxi exported 126.44 billion yuan of mechanical and electrical products, an increase of 36.4%, accounting for 50.6% of the province’s total export value in the same period, an increase of 8.9 percentage points over 2018, of which 14.9 billion yuan of mobile phones were exported, an increase of 1.5 times; Solar cells reached 11.32 billion yuan, an increase of 38.7%. In the same period, the export of new energy products was 14.02 billion yuan, an increase of 45.1%. The export of labor-intensive products was 58.29 billion yuan, down by 1.1%, accounting for 23.4%, down by 3.2 percentage points compared with 2018, of which furniture was 8.59 billion yuan, up by 12.2%; Toys totaled 7.49 billion yuan, up 46.9%.

On the import side, the import of integrated circuits has increased substantially, and the import of resource products is diversified. In 2019, Jiangxi imported 54.04 billion yuan of mechanical and electrical products, up 34.3%, accounting for 53.2% of the province’s total import value in the same period, up 10.4 percentage points from 2018. Among them, the integrated circuit was 31.77 billion yuan, an increase of 76.4%. In the same period, the import of resource products showed a diversified trend. The import of raw materials such as iron ore and copper ore for industries with high pollution and high energy consumption decreased by 49% and 16% respectively, while the import of raw materials for new energy industries increased, such as the import of cobalt products increased by 84.6% and the import of petroleum coke for lithium battery electrodes increased by 2.8 times.

Sixth, regional development is more coordinated, and the leading effect of Nanchang’s foreign trade is obvious. In 2019, Nanchang’s import and export reached 106.18 billion yuan, an increase of 34.8%, ranking first in all provinces and cities in terms of scale and growth rate, accounting for 30.2% of the province. Ji ‘an imported and exported 49.08 billion yuan, and Ganzhou imported and exported 39.94 billion yuan, ranking second and third respectively in the province, with year-on-year growth of 27.8% and 14% respectively. In addition, the import and export of Yichun, Fuzhou and Pingxiang increased by 7.6%, 7.9% and 4.4% respectively.

In recent years, Nanchang Customs has conscientiously implemented the decision-making arrangements made by the CPC Central Committee and the State Council, carried out the special action of "customs clearance is as efficient as coastal areas" in accordance with the deployment requirements of the General Administration of Customs and the provincial party committee and government, greatly reduced the overall customs clearance time, solidly promoted tax reduction and fee reduction, continuously deepened the "streamline administration, delegate power, strengthen regulation and improve services" reform, and continuously optimized the port business environment. In 2019, the overall customs clearance time for imports in Jiangxi was 14.84 hours, and the overall customs clearance time for exports was 0.05 hours, which was 70% and 99% lower than that in 2018 respectively.

总的来看,在国内外风险挑战明显上升的情况下,2019年江西外贸进出口实现了量的稳定增长和质的稳步提升。当前,世界经济增长持续放缓,不稳定不确定因素增多。国内经济下行的压力依然较大,但稳中向好、长期向好的基本趋势没有变,江西外贸将继续保持总体平稳增长态势。下一步,南昌海关将深入贯彻习近平总书记对江西提出的“作示范、勇争先”的目标定位和“五个推进”的更高要求,坚决落实中央“六稳”要求,按照海关总署和江西省委省政府工作部署,忠诚履职,担当作为,不断加强海关制度创新和治理能力建设,全力支持江西打造“四最”营商环境,促进江西高水平开放高质量发展,为加快建设富裕美丽幸福现代化江西、描绘好新时代江西改革发展新画卷贡献海关力量。谢谢大家。

Li Feng:谢谢周维颖副关长的介绍!下面进入提问环节。提问请举手示意,并通报所在新闻机构。谢谢!

江西日报记者(黄玉婷 摄)

江西日报记者:我们注意到,2019年我省民营企业进出口增长,占比提升,请介绍一下我省民营企业进出口具体有哪些亮点?

Zhou Weiying:Thank you for your question. In 2019, the import and export of private enterprises in Jiangxi Province achieved rapid growth, which injected strong impetus into the development of foreign trade. The import and export of private enterprises in the province was 244.79 billion yuan, an increase of 18.4%, accounting for 69.7% of the total import and export value of the province in the same period, and the proportion increased by 4.3 percentage points compared with 2018. Among them, exports were 187.12 billion yuan, an increase of 13.7%; Imports reached 57.67 billion yuan, an increase of 36.4%.

The main highlights are:

First, the import and export vitality of private enterprises has improved. In 2019, the number of private enterprises with import and export performance reached 4,334, an increase of 11% over the previous year, which is an important manifestation of the endogenous motivation and development vitality of foreign trade in the province. In 2019, private enterprises boosted Jiangxi’s foreign trade by 12 percentage points.

Second, the production-oriented private enterprises have obvious pulling effect. In 2019, the import and export of production-oriented private enterprises in Jiangxi Province increased by 30.3%, which was 19.2 percentage points higher than the growth rate of foreign trade in the whole province, which was the main factor driving the growth of private enterprises.

Third, the efforts of private enterprises to explore emerging markets have been continuously enhanced. In 2019, the export of private enterprises to all major markets showed a growth trend. While maintaining the export growth of traditional markets such as Europe and the United States, the export to emerging markets such as ASEAN, Middle East countries and Oceania increased by 23.4%, 32% and 26.3% respectively, which were also significantly higher than the export growth rate of the province to these three markets.

Nanchang Customs has implemented the requirements of "six stabilities" such as stabilizing foreign trade and foreign investment, continuously deepened the "streamline administration, delegate power, strengthen regulation and improve services" reform, and carried out the special action of "customs clearance is as efficient as coastal areas" to fully support the improvement of foreign trade facilitation and strive to create a better development environment for private enterprises.

First, simplify the customs clearance business and vigorously promote the continuous optimization of the port business environment. Simplify the supervision documents of import and export links, realize one-line operation, implement business reforms such as two-step declaration and self-service printing of certificates of origin, streamline the supervision documents of import and export links from 86 to 46, and realize online verification and automatic comparison of 42; Customs certification items were streamlined from 116 to 24; Deepen the application of "single window", the main business application rate is 100%, and take many measures to improve customs clearance efficiency.

The second is to implement the central government’s decision-making and deployment of tax reduction and fee reduction, and solve the bottleneck problem that affects the customs clearance cost of enterprises. We will completely abolish administrative fees, carry out the reform of tariff guarantee insurance, publicly publicize port fees, and effectively reduce the tax burden of private enterprises. From April 1 ST to December 31 ST, the value-added tax was reduced for 9 months, reducing the value-added tax by 1.32 billion yuan for thousands of small and medium-sized imported enterprises in the province, with a tax reduction rate of 18.8%; Handling tariff guarantee insurance for 20 private enterprises such as Nanchang Oufei Biometric Technology Co., Ltd. and Nanchang Qianhai Guoxin Electronic Technology Co., Ltd. involved an amount of 510 million yuan.

The third is to strengthen the cultivation of high credit of enterprises and support the transformation and optimization of foreign trade private enterprises. Actively implement enterprise credit management to help high-credit enterprises enjoy more convenient customs clearance services in countries with mutual recognition of AEO. By the end of 2019, 85 private enterprises in Jiangxi Province had been approved as advanced or general certification enterprises, including 3 new advanced certification enterprises.

Phoenix Net reporter (photo by Huang Yuting)

Phoenix Network reporter:Please tell us about the trade situation between our province and countries along the Belt and Road in 2019 and what the customs has done in this regard.

Huang Qifeng, Director of Statistics and Analysis Division of Nanchang Customs (photo by Huang Yuting)

Huang Qifeng:Thank you for your question. Under the background of "One Belt, One Road" initiative, foreign trade enterprises in Jiangxi Province seized the opportunity, actively integrated and made positive progress. The potential of trade cooperation between Jiangxi Province and countries along the Belt and Road is being continuously released, which has become a new driving force for foreign trade development. According to statistics, in 2019, Jiangxi Province imported and exported 102.81 billion yuan to the "Belt and Road" countries, an increase of 14.2% over 2018. Among them, exports were 90.35 billion yuan, up by 15.1%; Imports reached 12.46 billion yuan, an increase of 8.4%. Nanchang Customs fully supports Jiangxi’s docking of the "Belt and Road" to expand opening up and accelerate development.

First, support the strong cooperation of docking the "Belt and Road". In 2019, China’s customs signed 198 cooperation documents on customs inspection and quarantine, involving 89 countries and regions along the Belt and Road, covering customs administrative mutual assistance, food and agricultural products quarantine access, intellectual property protection, and mutual recognition of "certified operators" (AEO). Nanchang Customs gives full play to the function of the new customs, vigorously strives for the support of the General Administration of Customs, grasps the rules and standards of customs in countries along the route, strengthens policy propaganda, statistical analysis and supervision services, and helps enterprises in Jiangxi Province to enjoy various cross-border trade facilitation measures and better connect with the "Belt and Road" and "going out".

The second is to support the docking of the "Belt and Road" channel. Strengthen customs clearance cooperation with the customs at the coastal ports along the border, and fully support the two-way opening and normal operation of the trains in Jiangxi and Europe. At present, Jiangxi Province has opened five land entry and exit passages, including Manzhouli, Alashankou, Horgos, Erenhot and Pingxiang, Guangxi, and Jiangxi trains are running on the important Central European (Asian) train passages. In 2019, there were 553 trains in Jiangxi Province, 2.7 times that of the whole year of 2018, including 440 trains exported and 113 trains imported.

The third is to support the docking of the "Belt and Road" to expand the market. In 2019, Jiangxi’s trade radiation capacity was further enhanced, and it traded with 233 countries and regions. Among them, the import and export of countries and regions along the Belt and Road increased by 14.2%, accounting for 29.3% of the province’s total import and export value in the same period, and the proportion increased by 0.8 percentage points compared with 2018.

Jiangxi Satellite TV reporter (photo by Huang Yuting)

Jiangxi Satellite TV reporter:Statistics show that in 2019, the processing trade of our province increased significantly against the trend, which also played a very obvious role in promoting the foreign trade of our province. What specific measures has Nanchang Customs taken to promote the development of processing trade in our province? 

Tang Fujiang, Deputy Director of Enterprise Management and Inspection Department of Nanchang Customs (photo by Huang Yuting)

Tang Fujiang:Thank you for your question. Nanchang Customs takes it as its responsibility to help Jiangxi build a new highland with two-way inland opening and realize the big pattern of rising in the central region, gives full play to its functional advantages, takes the initiative and takes effective measures to fully promote the rapid development of processing trade in Jiangxi Province. In 2019, China’s processing trade generally showed a downward trend, and the processing trade business in Jiangxi Province increased significantly against the trend (the import and export of processing trade was 89.01 billion yuan, up 50.4% year-on-year. Since April 2019, the growth rate of processing trade import and export in Jiangxi Province has been ranked second in the country for nine consecutive months), which has played a positive role in promoting the growth of foreign trade in Jiangxi Province.

The first is to optimize supervision and help processing trade enterprises "reduce their burdens". It is the first in the national customs to fully launch the second-phase processing trade management system of Jinguan, and build a "smart supervision" system, so that enterprises can handle business "without leaving home" and realize the management mode of independent filing, independent reporting and independent tax payment. We will promote the "streamline administration, delegate power, strengthen regulation and improve services" reform, optimize the processing trade audit operation, cancel 6 items such as outsourcing processing approval and deep processing carry-over registration, and reduce 13 items such as domestic sales contact sheets. Actively promote the co-management mechanism of online public auction of processing trade scrap for domestic sales, implement domestic sales facilitation measures, encourage qualified enterprises to centrally handle domestic sales declaration and tax payment procedures, and ease the operating pressure of processing trade enterprises. In 2019, the sales value of processing trade in the province was 12.554 billion yuan, a year-on-year increase of 29.22%.

The second is to deepen reform and help processing trade enterprises "increase efficiency". We will promote the supervision reform of processing trade with enterprises as a unit, solve the problems such as unsmooth carry-over and inconvenient write-off, and stimulate the enthusiasm of enterprises to expand production. Since the implementation of the reform, 19 enterprises have participated in it. The reform of personalized "work order" write-off was promoted, and the quantitative and dynamic supervision of enterprise production and automatic comparison of inventory data were realized, which reduced the time spent on a single write-off from more than one month to less than 10 days and reduced the difference rate of write-off by two-thirds. Deepen the reform of "unit consumption and self-core", improve the self-discipline management of enterprises and optimize the relationship between power and responsibility of enterprises. At present, 24 processing trade enterprises have participated in the reform, contributing a total of 11.797 billion yuan to the import and export of processing trade.

The third is to innovate services to help processing trade enterprises "speed up". The key processing trade enterprises serving the coastal gradient transfer have tailored the supervision service plan for Jiangxi Lixun Zhizao Co., Ltd., which exempted a single processing trade risk deposit of 189 million yuan at the beginning of its opening, and helped it become the largest processing trade enterprise in the province. Support and help guide 15 processing trade enterprises in the province to become advanced certification enterprises, improve the efficiency of customs clearance by more than 50%, and save more than 30 million yuan per year. Guide the processing and manufacturing enterprises in the region to actively undertake the "subcontracting" business inside and outside the region, help the enterprises in the region to release surplus production capacity and effectively expand the domestic market. Two processing and trading enterprises in the region have carried out the "subcontracting" business, with the annual value of "subcontracting" of 80.2804 million yuan, effectively alleviating the operating pressure caused by Sino-US trade friction.

Jiangnan Metropolis Daily reporter (photo by Huang Yuting)

Jiangnan Metropolis Daily reporter:Please tell us about Jiangxi’s trade with the United States in 2019. On January 15th, China and the United States signed the first-stage trade agreement. What impact does this have on Jiangxi’s foreign trade? 

Huang Qifeng:Thank you for your question. In 2019, Jiangxi’s exports to the United States were 35.61 billion yuan, down 3.7%, of which the monthly export volume in December was 3.82 billion yuan, up 47.4%, with double-digit growth for five consecutive months, and the export scale gradually recovered to the level before tariff increase. On January 15th, China and the United States signed the first stage trade agreement. According to the customs survey, enterprises in the province generally believe that the market uncertainty risk is converging, which will effectively boost market expectations; Partial tariff reduction and exemption will play a positive role in repairing the import and export of related commodities and help trade pick up. At present, Jiangxi has been weakened by economic and trade frictions.

Sino-US economic and trade friction has brought certain pressure to Jiangxi’s foreign trade, especially to foreign trade enterprises with the United States as the main market. Although Jiangxi’s exports to the United States have declined, enterprises have achieved remarkable results in exploring diversified markets. Exports to non-American markets have increased, and overall exports have maintained steady growth. In 2019, the province’s exports increased by 12.3% year-on-year.

We believe that with the signing of the first-stage trade agreement between China and the United States, it is of great positive significance to Jiangxi’s foreign trade, enterprise confidence and market expectations.

Nanchang Customs will resolutely implement the decision-making arrangements of the CPC Central Committee and the State Council, conscientiously implement the deployment requirements of the General Administration of Customs and the provincial party committee and government, carry out the special action of "customs clearance is as efficient as coastal areas", constantly optimize the business environment at ports, promote cross-border trade facilitation, help enterprises improve quality and efficiency, and help enterprises effectively cope with the impact of Sino-US economic and trade frictions.

Information Daily reporter (photo by Huang Yuting)

Information Daily reporter:We noticed that the export of new energy products in our province showed an increasing trend in 2019. Could you tell us something about the main export of new energy products in our province? What support measures does the customs have?

Bu Yangang, Director of Commodity Inspection Department of Nanchang Customs (photo by Huang Yuting)

Bu Yangang:Thank you for your question. In 2019, the main new energy products in Jiangxi Province are solar cells and lithium hydroxide. Among them, the export performance of lithium hydroxide is particularly bright, with an annual export of 32,000 tons and a value of 2.7 billion yuan, up by 98.8% and 80.1% respectively, accounting for 56.5% of the international market share, and the export volume ranks first in the country, reflecting the strong kinetic energy of Jiangxi’s new energy industry. I have the following measures to support the export expansion of such products:

First, improve the mechanism to facilitate customs clearance. Optimize the operation procedures, implement classified management for lithium hydroxide export enterprises, and implement batch-by-batch inspection of products by combining on-site inspection and remote video inspection, greatly reducing the inspection time; At the same time, the implementation of periodic sampling inspection, appointment inspection and other systems, basically achieve zero waiting for delivery, help enterprises greatly shorten the delivery cycle.

The second is to reduce taxes and fees, release dividends and reduce costs. In view of the high total price and large tax of imported raw material spodumene ore, we will guide relevant enterprises to adopt bank guarantee, tariff guarantee insurance and other guarantee customs clearance modes to help enterprises reduce the capital occupation by nearly 10 million yuan; Guide enterprises to make full use of the preferential certificate of origin tariff reduction and exemption policy, and help enterprises enjoy foreign tariff reduction and exemption of 61.51 million yuan in 2019, a year-on-year increase of 115%; Implementing the new VAT policy for import links, since April 1, 2019, the import of spodumene in Jiangxi Province has been reduced by 56.88 million yuan.

The third is accurate assistance to help develop and solve problems. Implement the enterprise coordinator system, provide all-round services for enterprises such as Ganfeng Lithium Industry and Yabao Lithium Industry from business consultation, customs clearance coordination and credit cultivation, and help enterprises solve many problems such as export products stranded in Hong Kong and imported raw materials unable to be released at the port. Guide enterprises to make good use of the national customs clearance integration policy, and adopt the mode of territorial declaration and customs clearance for imported raw materials. In 2019, the average customs clearance time for imported spodumene ore in the province was less than 25 hours, and the fastest was less than 10 minutes, which was 70% year-on-year, which effectively guaranteed the supply of raw materials for enterprises. Through a series of measures, it will effectively help the export of new energy products in Jiangxi and promote the high-quality development of green economy.

Li Feng:Because of the time, that’s all for answering reporters’ questions. Thank you, publishers, journalists and friends. Welcome to continue to pay attention to the work of Nanchang Customs. Nanchang Customs has issued news materials, and journalists and friends are welcome to download and view them. If you have any questions, you can consult, communicate or interview after the meeting.

This concludes today’s press conference. Thank you!

Source: Jiangxi Provincial People’s Government Network