1905 movie network feature The sixth day of Cannes is still a busy day for the Chinese-language media. At 10:30 am French time on May 19, the Chinese-language film that premiered in Cannes yesterday held a press conference at the Film Palace. When talking about his role, Hu Ge said emotionally that the role needs a desperate point. Regarding Hu Ge’s decision to play a gangster, director Diao Yinan even used Zhang Guorong as an analogy, saying that he is an idol, but it does not hinder the cooperation with the author and director.

In the main competition, two more films premiered in turn. The French film "Portrait of a Burning Woman" andTerrence MalickThe new film premiered successively in the Lumiere Hall of the Film Palace.

Hu Ge lamented the shooting experience: firmly established that this road must go on

"The Wild Goose Lake," which finished its premiere, scored a 2.8 on Screen, one of the Cannes film festival’s editions. Mr. Diao also appeared alongside his stars, Hu Ge, Gui Lunmei, Liao Fan and Wan Qian, and two producers, Li Li and Shen Qian, at this morning’s press conference, which has also become a gathering of Chinese media at Cannes. Speaking about his casting choices, Mr. Diao said he was not acting from a realistic perspective, but from a temperament perspective, so by casting Hu Ge as a gangster, he entered the role.

For the choice of Hu Ge, Diao Yinan even used the analogy of Leslie Cheung, Alan Delong, and others, indicating that he is both an idol and a serious author of a movie.

Hu Ge, Diao Yinan and Gui Lunmei

Hu Ge also expressed his gratitude for the opportunity to star in a film. At the press conference, he once again emphasized that this was his first film, and because of his cooperation with the director Diao Yinan, he also firmly determined that this path must be followed. Starring in a film for the first time, he admitted that he had always been anxious and uneasy in the crew. In the end, he realized that this anxiety had become the link between himself and the character.

Gui Lunmei, who has played a lot of opposite scenes with Hu Ge, also shared her feelings. She mentioned that she also didn’t know how to deal with the character, so she also felt uneasy and uncertain to experience the character’s complex mood twists.

"Burning Woman" burst into loud applause after the screening, and Malik’s monotonous and straightforward theme

In the two main competition films that premiered today, "Portrait of a Burning Woman" is set in the 18th century and tells the story of two women on an island. Although the story is simple, the director’s presentation skills are varied, and multiple shots are delivered to a shocking effect. But the film’s slightly slow pace, coupled with the setting of the era, also made many Chinese journalists feel monotonous.

"Portrait of a Burning Woman"Poster

Terrence Malik went on to make "The Hidden Life," a World War II-themed film, but the two are only similar in theme and completely different in story and production. The film does not focus directly on the war, but instead tells the life and death of a civilian couple. The hero, the Austrian soldier Franz Jagstedt, is sentenced to death for refusing to fight for Germany because of his opposition to the Nazis, and the wife is left to raise her children alone in the countryside.

The pastoral scenery in the film is picturesque, as if reproducing the scenes in Malik’s classic works, and the unique visual images created by the shooting methods of large and wide-angle, looking up, and close-up characters are also his consistent image style in recent years.

"The Hidden Life" recreates the rural work landscape

In contrast to other films that have been criticized for having only exquisite images and broken and messy narratives, this time the story is clearer and more plot-oriented. The main story is narrated through cross-cutting, focusing on the humiliation and humiliation suffered by the husband and wife. On the one hand, Franz was tortured by Nazi officers in prison, and on the other hand, his wife and children were rejected by the villagers in the village, but they still lived tenaciously.

The narration of the husband and wife’s letters and the scenes of their lives together create this undercurrent of tragedy. Although the appeal is not as grand, it is permeated with a sincere humanitarian spirit, and it also conveys love and faith, kindness and justice. However, there is still the old problem of Malik’s creation in recent years: monotonous emotions are constantly repeated, and the main theme is too straightforward.

　　The Beijing-Hangzhou Grand Canal is the longest and largest man-made canal in the world, and it is also one of the oldest canals. Together with the Great Wall and the karez, it is known as the three great projects of ancient China. It is a great project created by the working people of ancient China and is one of the symbols of Chinese cultural status.

　　About the Author

　　Jia Chuanjun, a native of Pizhou City, Jiangsu Province, born in April 1963, is a member of the Communist Party of China. He was conscripted into the army in September 1981. In March 1985, he participated in the self-defense counterattack of Laoshan against Vietnam with the 138th Division of the 67th Army of the Jinan Military Region and won a third-class merit. Now he is a member of the International Professional Photographers Association, a member of the China Photographers Copyright Association, a member of the Xuzhou Photographers Association of Jiangsu Province, a member of the Pizhou Photographers Association, a number of media contracted photographers, and a photography tutor at the University for the Elderly. The author loves the canal, dedicates the canal, takes the lock as his home, and serves the boat people after returning to work in the local

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　　The canal flows through the Emperor Gaozu of Han Liu Bang, Chu Bawang Xiang Yu, Wu doctor Wu Zixu, Huaiyin Hou Han Xin and other historical celebrities, there are many historical sites and places of interest; the entire basin simple folk customs, people’s character bold, affectionate and righteous, honest and trustworthy, open!

　　The navigation mark on the canal, which indicates the direction for the safe navigation of ships on the canal.

　　The world-famous Beijing-Hangzhou Grand Canal-Middle Canal crosses the territory of Xuzhou City. Its source starts from Taierzhuang in Shandong Province in the north, Huai’an City in Jiangsu Province in the south, and the whole journey is 186 kilometers long. It enters Pizhou City in the southeast of Taierzhuang, and crosses the southeast in the northwest. It passes through Tanshang, Fukou, and Canal Town to Suqian near Yaowan Town. Xuzhou City is 56.1 kilometers long, and there are tributaries such as Taogou River, Xisheng River, Bulao River, Diversion Road, Chenghe River, Guanhu River, Liubao River, and Fangting River along the coast.

　　The navigation mark on the canal, which indicates the direction for the safe navigation of ships on the canal.

　　The canal guards supervise the safety of ships sailing on the canal and enforce the law in a civilized manner to ensure safety and smooth flow.

　　Law enforcement officers of local maritime administration track and escort passing ships in bad weather. Ensure the navigation of ships and the safety of people’s lives and property, never forget the original intention, serve the people, and ensure that the lock machinery maintains a good operating condition.

　　The long dragons on the canal have made tremendous contributions to the country’s economic development.

　　The crew lives on board, and they are also the bearers of the intangible cultural heritage of the Grand Canal.

　　The construction ships on the canal, the Liushan pumping station in Xuzhou for the South-to-North Water Diversion, the construction of the waterway, the ferry… are the bridges that connect the families on both sides of the canal!

　　The ancient town of Yaowan next to the Beijing-Hangzhou Grand Canal-Middle Canal was built in the early years of the Tang Dynasty. It is known as the description of "looking at the sea in the east, looking at Pengcheng in the west, overlooking Huai Si in the south, and looking at Tai Dai in the north" and the reputation of "Golden Waterway Golden Triangle", "Northern Jiangsu waters win the Jiangnan" and "Little Shanghai". It is one of the main docks of the Beijing-Hangzhou Grand Canal. During the heyday of the Ming and Qing Dynasties, water transportation and maritime transportation were the key points for choking the north-south waterway. Most of the agricultural and sideline products in a radius of hundreds of miles were concentrated in Yaowan for shipment and long-distance transportation; cotton silk, matches, kerosene, food cigarettes and other daily necessities transported from the south to the

　　The power plant was built along the canal, contributing to the rapid economic growth on both sides of the canal.

　　The farmers living on the canal bank are versatile, and the labor scenes painted by themselves are vivid and vivid. The rice watered with canal water is particularly good, with white quality and fragrant taste.

　　The people living on both sides of the canal are particularly fortunate!

　　(Source/Canal Network)

As time goes by.

The news about iPhone 16 is getting more and more.

Because the appearance of iPhone has changed in recent years, it is just a small repair on the basis of iPhone 12.

Perhaps it was helplessness, or perhaps disappointment.

Ji Ge feels that everyone’s attention this year has focused on the imaging capabilities of the new iPhone.

Camera, stronger

In the previous inventory, Brother ****** mentioned it many times.

iPhone 16 Pro Max will feature a 48 million pixel 1/1.14-inch dual-layer transistor IMX903 custom main camera.

The final photo performance, can we fight with Huami OV and other real 1-inch outsole machines, although it is not easy to say.

But larger sensors will inevitably further enhance the paper strength of iPhone main camera.

However, this time, Apple has just embarked on the journey of super-bottom.

The domestic manufacturers that have taken the initiative do not plan to play with it.

I’m sure everyone has a feeling.

That is the main camera of the phone, at least from a physical perspective, almost to the end.

The current image flagship, in addition to the slightly different tone, has long been indistinguishable in terms of resolution and imaging quality.

In the past, everyone was struggling with who could shoot more clearly.

Now, everyone is competing to see who can shoot with more quality.

Coupled with the established thickness limit of the camera module, the main camera focal length had to be reduced from the previous 35mm and 28mm to 24mm and 23mm step by step…

Preview the body farther and farther inside the box.

Just like the "1x" lens, it is getting farther and farther away from "commonly used".

(35Mm | 28mm | 24mm)

Therefore, Brother Ji feels that rather than allowing mobile phone manufacturers to continue rolling in the main camera, it is better to raise the quality of other lenses, thereby increasing the average score of the entire camera image.

Looking at the Android side, they all began to pile up material in other lenses.

Here’s the good news.

Apple seems to have realized this and is willing to arrange for iPhone 16.

But here’s the bad news.

Apple is not upgrading the telephoto.

It’s ultra-wide-angle…

From the current revelations, Apple is likely to iPhone 16 Pro’s ultra-wide-angle lens, from the original 12 million pixels, to 48 million.

The previous year iPhone 14 Pro upgrade outsole, last year iPhone 15 Pro Max upgrade telephoto, this year iPhone 16 Pro upgrade ultra wide angle.

How to squeeze toothpaste every year.

Apple has always been okay.

As for why Ah Guo made a temporary move, he thought of upgrading the ultra-wide-angle lens that had no sense of presence in the entire ring in recent years.

It’s said that all of this is for that one function.

That’s right, it’s "Space Video".

Although shooting 4K video, only 9 million pixel resolution is enough.

But don’t forget, friends.

Now the 12 million-pixel ultra-wide-angle lens on the iPhone 15 Pro is digitally cropped and synchronized to the main camera’s field of view.

It is far from 4K resolution, which is 9 million pixel standard.

As we can see.

At present, iPhone 15 Pro, you can only shoot 1080p 30 frames of "space video".

After the iPhone 16 generation of ultra-wide-angle upgrades to 48 million pixels, it can form a dual 48 million system with the main camera.

Even if it has to be cut afterwards.

But it’s also enough to shoot higher-specification 4K space videos.

Therefore, it is foreseeable.

"Space video" will become the exclusive weapon of iPhone in the next era.

Coincidentally, the eighth brother, who was hiding under Brother Ji’s table, heard the words above and stuck his head out to express his disapproval:

"Brother Ji, the principle of shooting" space video "is not to borrow two parallel and adjacent cameras and use the parallax between the lenses to shoot?"

"Then, neither adjacent nor parallel iPhone number series, and how to pinch."

Camera, it’s vertical.

Look, when I asked you to study, you had to play glass beads, which exposed your IQ.

The mountain can’t come, I’ll go there.

You shoot diagonally, isn’t it over?

So…

Ahem, just kidding.

In order to popularize "space video" in the next system, if nothing else, iPhone digital series of cameras will also return to the previous vertical arrangement.

Just how to stand up, what to stand up like.

Is it back to the two big holes like iPhone 12, or back to the traffic lights like iPhone X.

So far, Apple has not had a clear answer.

Just 30 years in Hedong and 30 years in Hexi.

Apple’s design can really be described as "coming and going", arranged vertically, and actually came back so justifiably.

You see, it doesn’t bother him at all.

Brother Ji also has a no-prize quiz here.

If the fruit really adopts a vertical traffic light design similar to iPhone X.

You guys think.

Which wallgrass contestant will choose to follow up first?

The border is bent.

Go on.

In addition to the main camera and ultra-wide angle, both the iPhone 16 Pro and Pro Max will continue to use the 5X periscope telephoto.

In other words.

The iPhone that lost weight successfully last year will usher in the inevitable thickening journey at the end of this year~

It is said that in order to ensure the feel, the curvature of the screen edge of the new iPhone will become larger, which may eventually produce a similar effect.

The actual feel is unknown.

But the machine brother’s blind guess should feel similar to the Xiaomi Mi 14 Pro.

Since it comes to appearance.

Brother Ji recently saw a grapevine that Apple will also add a photo button dedicated to taking pictures on the iPhone 16.

At first, Ji Ge thought Apple was finally going to "fall" into the shape of Sony.

But when the machine brother read the full report, he felt jio.

Eh, something’s not quite right.

Fruit seems to really want to make iPhone into a camera…

Why would Brother Ji say that?

Don’t worry.

Do you think so.

First of all, it is reported that Apple wants to add "extremely advanced" touch adjustment to this button.

Specifically, the camera preview frame can be zoomed in and out by swiping left and right.

So this is a touch-activated version of the pulsator.

It’s not over yet!

In addition to sliding interaction, the button itself also supports mechanical pressing, which Apple has specifically divided into two pressing gears:

Tap to focus, and press hard to take a picture.

You see, isn’t this just a proper camera shutter button?

The Apple brand camera is just around the corner.

Although it is foreseeable that the addition of this shutter button will increase the usage of horizontal long videos and "space videos" to some extent.

But let’s just say.

Fruit, you have time to make room for iPhone to add a new button, and you are not willing to expand the battery a little more…

Performance, stronger

With the previous Pro version iPhone with the new U, the digital version iPhone with the previous generation U.

Apple has a strange conscience this year.

According to the news, the iPhone 16 series will use the A18 processor of the 3nm process.

It’s just a conscience, but not very conscientious.

An A18 chip.

Apple has released two versions of the A18 and A18 Pro.

The blind guess should be the same as before, using a full-blooded GPU on the Pro and a castrated GPU on the digital version.

It is not ruled out that there are also operations such as frequency reduction, peak limit, light chasing, etc.

Anyway, the final interpretation rests with Apple.

Anything is possible until iPhone 16 officially comes out in September.

But there is some good news.

That is iPhone 16 and 16 Plus will use 8GB random access memory in this generation because of the minimum memory threshold of the A18 processor, which is on par with the big brother Pro and Pro Max.

I didn’t expect it. I didn’t expect it.

In 2024, even iPhone collectively have 8GB of memory.

And Android manufacturers still have 8GB of fish that slip through the net.

Don’t laugh. It’s all about you.

Three stars!

Although the machine brother does not expect the new iPhone to be as amazing as iPhone 4s, iPhone 6, or lead the trend like iPhone X.

But as long as we can see iPhone steady and make up for the shortcomings a little bit, we can let our users see a few sincerity.

After all, it was spraying and scolding.

Fruit at least knows what we want, what we want to see, and what we want to use, and we make it up little by little.

Unlike the one next door.

No matter what Apple does, it just doesn’t cheat the poor.

And Samsung, even the rich are trapped.

It’s not for nothing that Samsung became Other at home.

Geely’s new generation of Galaxy OS 2.0 system will be launched in batches in late December, and the national high-speed/elevated high-precision map will also be opened in December, which means that the NOA high-level intelligent driving and piloting system on Boyue L can be used nationwide after this update. Then this program, follow our perspective to experience it first~

Smart car rim dynamic hotspot information

China Economic News Network (Liu Chenxi)Following the release of Jietu Shanhai new energy sequence to screen the whole network, Jietu Automobile once again detonated its concern. On November 17th, 2023 Guangzhou Auto Show was grandly opened. Jetway Auto made a heavy appearance with all-star lineups such as Jetway Shanhai L9, Jetway Shanhai L6, Jetway Traveler, Jetway Traveler C-DM and Jetway Traveler JMK modified cars, showing Jetway "Travel" in all dimensions.^+”The latest achievement of advanced strategy electrification tells the brand that thank you sir is fully committed to the new energy track.

Run fast, accelerate the sprint of 300,000 annual sales target.

Since its establishment, Jetway has always adhered to "travel"⁺"Strategic initial intention, creating" travel "from 2018 Jietu product sequence.⁺"Market segmentation, by 2023, Jietu Shanhai new energy sequence will open up a brand-new track of" travel+hybrid ",and Jietu Automobile will make great strides in the automobile stock market, creating a new record for the growth rate of China SUV brand with strong growth, and creating an exciting speed for China automobile market.

This year, in the face of the extremely involuted China auto market, Jetway once again ran out of the "Jetway Acceleration". In October, Jetway sold as many as 38,053 vehicles a month, 1-mdash; The cumulative sales volume in October increased by 64.7% year-on-year, making China’s cutting-edge SUV car companies the first in growth rate; Up to now, the cumulative sales volume in 2023 has reached 256,000 vehicles, ranking fifth in China brand fuel SUV market, ranking among the first camp, and successfully winning the trust of 870,000+users and the love of 39 million fans around the world. It is estimated that by the end of 2023, the annual sales volume of Jietu Automobile will exceed 300,000, and the total sales volume in the first five years will exceed 950,000.

Travelers "wild" to help out, achieving new growth in Jietu market

Jetway’s beautiful sales report card is inseparable from the strong help of Jetway travelers. Based on the real needs of users, Jietu Traveler has been created by more than 30 rounds of users. It has four advantages: beauty, joy, city and wildness, which can not only give users the excitement when they move forward, but also provide users with the comfort when they stop. It can not only satisfy users’ pursuit of universal beauty, but also realize the display of self-personality. Its appearance has successfully opened up the market segment of off-road SUV for travel and expanded and upgraded "travel"⁺"Strategy, let Jietu brand more and more" wild ".

Nowadays, cross-country travel has become a new fashion, and the appearance of Jietu travelers positioning "cross-country SUV" is the peak. The new car sold 7931 vehicles in the first month of listing, and the order has reached 43926 vehicles so far; Among them, the proportion of four-wheel drive purchase is as high as 85%, and the proportion of ecological modification is 62%, which fully shows the market popularity and user preference of Jetway travelers, and strongly helps Jetway to sprint through the annual sales target of 300,000 at the end of the year.

C-DM, a Jietu traveler who appeared at this auto show, directly hit the new trend of young people’s electric travel in the new era. The new car adopts Chery Kunpeng super-performance electric hybrid C-DM, equipped with 1.5TD DHE+3DHT165 high-efficiency hybrid power system, with a comprehensive battery life of 1000 km+; With 6.6kW external discharge function, it supports various camping equipment such as ovens and electric cookers. Using Qualcomm Snapdragon 8155 chip, it has the advantages of outstanding face value, powerful power, long comprehensive battery life and first-class safety performance. The new car is expected to go on the market in the first quarter of 2024, which is bound to become a new sales growth point of Jietu Automobile.

Shanhai L9 led the way, "Travel!⁺"Strategy advanced again.

In the face of the fierce wave of new energy, Jietu Automobile accelerated its overall transformation to new energy, and launched Jietu Shanhai new energy product series on the eve of Guangzhou Auto Show, and officially listed its first model — — "Big family, big seven-seat super hybrid SUV" Jetway Shanhai L9, driven by electric hybrid "travel"⁺"Strategy advanced again.

Jietu Shanhai is positioned as a "leader of hybrid cross-country travel", and will launch a strategic layout from five aspects: new sequence, new products, new channels, new ecology and new team to build the world’s first hybrid cross-country brand. Jietu Shanhai relies on Kunlun cross-country platform, Kunpeng super hybrid C-DM technology, lion intelligent cabin/great wisdom driving, extremely changeable space scene ability, "travel"⁺Ecological platform and other five advantages to build the core of product technology, to meet the new travel needs of users who are more convenient, more rational, more immersed and more social.

At the auto show, Jietu Shanhai L9 made its first public appearance after listing. The new car has a long body of 4862mm and a long wheelbase of 2850mm, which is extremely changeable and more in line with the needs of large family users. Using Kunpeng Super Hybrid C-DM, it has an industry-leading thermal efficiency of 44.5%, and the cruising range under comprehensive working conditions reaches 1100Km；; Equipped with Qualcomm 8155 high computing platform, it provides more than 15,000 books on the road, which is convenient for users to plant their own tourist routes at any time. Jietu Shanhai L9 is also the first hybrid model that promises the lifetime warranty of the whole vehicle, and it can be called "the most ideal car with a class of 200,000".

In the next two years, Jietu Shanhai will launch eight new hybrid products, including urban Yueye SUV series, hard-core off-road SUV series and pickup truck series, covering mixed family travel and mixed off-road travel. And innovate the service mode to create exclusive "travel"⁺"The new ecology, it is estimated that 300 mountain and sea experience centers will be officially opened by the end of this year, and the number will increase to 450 by the end of 2024, providing users with 24-hour free charging, free opening of lounges and live broadcast rooms, and 50 km on-site test drive experience services anytime and anywhere.

Facing the future, Jetway will continue to insist on "travel"⁺At the beginning of the strategy, with Jietu Shanhai as the fulcrum, we will create a new business card of "travel+mixing" and create a charged "travel" for users.⁺"Full-scene value experience, driving the brand up and value jump, striding forward towards the goal of becoming a club with an annual sales of one million in 2026, in the" travel "⁺"Run out of the new speed on the road.

　

　　Lost "life saving money".

　　A few days ago, the Hong Kong Stock Exchange announced that the strategic investment agreement signed with Newton Group was terminated. original transaction and relatedThe amendments failed to achieve further development.

　　Said that, as at the date of this announcement, no further progress has been made on the proposed transaction and the amendment of its terms. The Company confirms that the proposed transaction and will no longer proceed. As the Share Subscription is no longer taking place, the Subscriber is under no obligation under Rule 26 of the Takeovers Code to make an unconditional mandatory general offer in respect of all issued Shares which it and persons acting in concert with it have not yet owned or agreed to acquire.

　　ShanghaiNewspaper reporters recently interviewed and learned that Hengda, which once built high-profile cross-border cars, has been mired in crisis.

　　Hengchi Automobile Tianjin Factory Production Line

500 million dollar "lifesaving money" is gone

　　On August 14, 2023, Hengda Automobile announced that it received the first US $500 million strategic investment from NWTN.US, a listed company held by the UAE sovereign fund, and another RMB 600 million transition funds will arrive in the account five working days after the announcement. The proposed transaction between the two parties is expected to be completed in the fourth quarter of 2023. After the completion of the transaction, the shareholding ratio of Newton Group to Hengda Automobile will account for 27.5% of the total number of issued ordinary shares after the expansion.

　　At that time, the market believed that the Newton investment would be a "life-saving money" for Evergrande. Evergrande had announced that the company planned to use all the war investment funds for Evergrande’s Tianjin plant to ensure the normal production of Hengchi 5 and the successive mass production of Hengchi 6 and Hengchi 7. Newton Group will also assist Evergrande in exploring overseas markets and achieve the annual export of 30,000 – 50,000 Hengchi cars to the Middle East market. However, the deal comes with 19 prerequisites, includingWorkout takes effect, no major adverse impact events, etc.

　　On January 1, 2024, Hengda Automobile announced that the Newton Group’s share purchase agreement and the company’s debt-for-equity subscription agreement for Hengda Automobile had expired on December 31, 2023. The deadline for these two agreements is December 31, 2023, and the parties to the agreement have not agreed to extend them.

　　Evergrande Motor said that the parties to the Newtown Group share purchase agreement and the debt-for-equity swap subscription agreement, as well as certain stakeholders, have been and will continue to negotiate on amending certain key terms of the proposed transaction and the debt-for-equity swap. The company will make monthly announcements until the exact intention to proceed with the proposed transaction and the debt-for-equity swap is announced or the decision not to proceed with the proposed transaction and the debt-for-equity swap is made.

　　Hengchi Automobile Tianjin Factory Production Line

Evergrande Automobile’s performance has exploded, and its business has stagnated

　　The latest financial report shows that Hengda Automobile listed on the Hong Kong Stock Exchange in 2023 annual revenue of RMB 1.34 billion yuan, net loss of RMB 11.995 billion yuan, a year-on-year reduction of 56.64%. As of December 31, 2023, Hengda Automobile has delivered more than 1389 vehicles.

　　In 2019, Hengda’s Hengchi Automobile brand was born, and it also participated in the 2021 Shanghai Auto Show with a high profile. It launched 9 pure electric models in one go, and its booth area exceeded that of the same international first-tier car companies. At that time, Liu Yongzhuo, president of Hengchi Automobile, said that in the fourth quarter of 2021, Hengchi Automobile will start full trial production, and large-scale delivery will be carried out in 2022. However, it was not until April 2022 that three Hengchi 5 cars were actually unveiled. Six months later, Hengchi 5 was finally delivered. However, Hengchi Automobile soon fell into quality doubts. Since then, due to insufficient funds, Hengchi Automobile’s Tianjin factory has suspended production of Hengchi 5.

　　However, the betThe car track is still trying to help its Hengda car, which is also listed on the Hong Kong Stock Exchange, out of trouble after falling into a liquidity crisis. At the end of May 2023, TianjinLeaders led a team to carry out research services at Hengchi Automobile’s Tianjin factory. Hengchi Automobile introduced that Hengchi’s Tianjin factory has now fully resumed production. Liu Yongzhuo said that the company will make every effort to speed up the production and delivery of Hengchi 5, and continue to promote the development and production of subsequent models to make the company bigger and stronger.

　　A Hengchi Automobile employee told reporters that in mid-2023, the company also made some efforts, such as imitating other automobile companies to hold Hengchi Chongqing Chengdu car owners’ mountaintop camping activities, which were mainly targeted atOTA online upgrade with optimized management system and charging logic.

　　But the good times did not last long. Hengda Automobile announced on January 8 that Liu Yongzhuo, the executive director of the company, has been detained according to law for suspected illegal crimes. In addition, Hengda Hengchi Automobile (Shanghai) Co., Ltd. recently added three pieces of information about the person being executed, with a total target of 98 million yuan.

　　The reporter learned that since March 1, employees of Hengchi Automobile Tianjin have been unable to enter the office building with facial recognition, and the facial recognition machine shows that "the person is not registered". The person in charge of media relations of Hengchi Automobile also told reporters that he usually does not go to the company, does not connect with the media, and no one hands over the job. "Now there are no people in the brand department of Hengchi."

　　"Evergrande’s car manufacturing industry is currently in deep crisis." Zhang Junyi, a managing partner of Oliver Wyman Consulting, told reporters that on the one hand, assets such as Hengchi Automobile’s Tianjin factory have been mortgaged many times, making it difficult to find a successor. On the other hand, with a fierce price war, the domestic new energy automobile industry has entered a stage of overcapacity. The assets of Wenzhou and Huanggang, the two production bases of Weimar Automobile, which had gone bankrupt and reorganized, have not been taken care of.

July has been a difficult month for Wang Jianlin. In the past month, Wang Jianlin and Wanda have frequently become the focus of public opinion due to a series of fire sale operations. Although the title of richest man has long been lost, the exposure has not diminished at all.

Wang Jianlin, chairperson of Wanda Group, sold his assets three times in a row under financial pressure, recovering a total of nearly 7 billion yuan. These assets include Wanda Film and Beijing Wanda Investment, and the transfer price is lower than the market price.

Wang Jianlin has sold assets three times in a row:

On July 10, Wanda Investment and Ms. Lu Lili signed the "Share Transfer Agreement". Wanda Investment transferred its shares of Wanda Film 180 million to Lu Lili, accounting for 8.26% of the company’s total share capital. The transfer price was 12.07 yuan/share, involving an amount of 2.173 billion yuan.

On July 17, Wanda Investment and its concerted action Shanxian Rongzhi signed the "Share Transfer Agreement", Wanda Investment transferred its holding of Wanda Film 177 million shares to Shanxian Rongzhi, accounting for 8.14% of the company’s total share capital, and the transfer price was 13.17 yuan/share, involving an amount of 2.331 billion yuan.

On July 23, China Ruyi announced that Shanghai Ruyi, a wholly-owned subsidiary of the company, acquired 49% of the shares of Beijing Wanda Investment Co., Ltd. (referred to as "Wanda Cultural Industry Group") held by Beijing Wanda Cultural Industry Group Co., Ltd. (referred to as "Wanda Investment") at a transaction price of 2.26 billion yuan.

After the transfer, Wanda Investment will be held 49.8% by Wanda Cultural Industry Group, 49% by Shanghai Ruyi, and 1.2% by Wang Jianlin. Wanda Investment is the controlling shareholder of listed platform Wanda Film, holding 20% of its shares. After the change of rights and interests is completed, Shanghai Ruyi indirectly holds a 9.8% stake in Wanda Film through Wanda Investment.

Transferring assets can only ease Wanda’s current cash flow problems. S & P pointed out that Wanda Commercial will face huge repayment pressure in the next 12 months.

According to public information, the current Wanda commercial management of 11 surviving bonds, the scale of 10.766 billion yuan, of which the scale of maturity within one year is 1.348 billion yuan. In terms of US dollar bonds, the current Wanda commercial management of 4 US dollar bonds, the scale of survival 1.70 billion US dollars, two of which total 1 billion US dollar bonds will mature within one year.

Industry insiders believe that the biggest risk for Wanda at present is whether it can go public. If Zhuhai Wanda Commercial Management cannot go public by December this year, according to the gambling agreement, Wanda will not only have to redeem 38 billion yuan, but also pay 12% interest. "

At present, China Chengxin International, Fitch, Moody’s and S & P have successively adjusted the rating of the joint stock company of Dalian Wanda Commercial Management Group.

In response, Wanda Commercial Management Group responded that the company’s operations are stable and its profitability is good. The company will strictly abide by the provisions and requirements of relevant laws and regulations, earnestly fulfill its information disclosure obligations, and remind investors of relevant risks on relevant matters.

On November 29, Meituan announced that since December 1, it plans to buy back the company’s shares with a total amount of no more than 1 billion US dollars.

Meituan believes that the share repurchase demonstrates the company’s confidence in its business outlook and prospects. The board believes that the company’s existing financial resources are sufficient to support the share repurchase while maintaining a sound financial position.

According to Meituan’s latest third quarter results announcement for 2023, the company’s quarterly revenue was 76.50 billion yuan, an increase of 22.1% year-on-year; adjusted profit was 5.73 billion yuan, an increase of 62.4% year-on-year.

Editor, Li Yan

Proofreading, Liu Baoqing

Click to watch more video highlights of Star Jump > >

Killer took off handstand.

Xing Aowei takes off.

Gao Hu’s Flying Swallow Action

　　Zhejiang Satellite TV’s large-scale charity star diving reality show "China Star Jump", since last week’s transfer to the semi-finals of the master’s tricks, the overall difficulty of the players’ jumping has improved, and the difficulty of the movements has erupted collectively. Especially in Gao Hu and Killer, two "high-platform kings" jumped out of the amazing professional-level movements. Killer took out the difficult movement of 611A handstand and somersaulted forward for half a week in the first jump, and then challenged the highest difficulty 202A of the 10-meter platform since the launch of the diving program, while Gao Hu 302C’s perfect jump of reflexively somersaulted and hugged her knees for one week, which was praised by Olympic champion Li Na, a substitute judge, as "the height that professional athletes can only reach after practicing for one year". This week’s second semi-final is still full of experts, especially Xing Aowei, the Olympic gymnastics champion of cross-border diving, who created a dazzling 720-degree somersault and a 180-degree twist against the sky in the preliminary round. The semi-final will continue to carry forward the spirit of innovation and threatened to "jump the diving action of the next Olympic Games" if he advanced to the final.

　　Killer, Xing Aowei and Gao Hu, who are also non-professional divers, have turned from inexperienced diving novices to almost professional ones. Their respective advantages of "being in harmony with the right time and the right people" are prominent, which is an important weight for their successful breakthrough and the secret behind their successful counterattack.

　　Location: Gao Hu grew up facing the sea, and his childhood "plunge" warmed up and dived.

　　Gao Hu is the "king of the platform" among the contestants. He not only won the 10m platform at the fastest speed in training, but also was the first person in the competition. In addition to the courage and boldness of "being too high to be happy", Gao Hu showed an amazing and perfect swallow in the preliminary round, and the difficulty of the action was also upgraded all the way. Especially in the last semi-final, Gao Hu 302C made a perfect jump by doing a reverse somersault and holding her knees for a week. Even Olympic champion judge Li Na praised this as "the height that professional players can only reach after practicing for one year". He also relied on this difficult and perfect jump to sit firmly on the spot and advance directly to the final without any suspense.

　　The reason why Gao Hu achieved such amazing diving attainments in a short time can be said to be due to the "geographical advantage" occupied since childhood. He is a native of Qingdao, and the urban environment surrounded by the sea on three sides gives Gao Hu a unique advantage before diving. According to Gao Hu himself, "I grew up facing the sea, and I have a deep plot about water. My whole family likes swimming very much, so I have been moving freely in the water since I was three or four years old". According to Gao Hu’s recollection, there are many hills and rocks in his hometown near Qingdao. When he was a child, he was bold. He often avoided his parents’ attention with his friends and jumped from the rocks to the water for excitement. Although the equipment was rudimentary and there was no technical content, his childhood experience was similar to that of today’s diving, especially because he learned Gao Hu’s boldness. It is no wonder that he was able to walk calmly on the 10-meter platform on the first day of training. He once said that "I am not afraid of heights at all and like to challenge the limits." Gao Hu, who has excellent water quality, also revealed that he had passed the diving certificate when he traveled to Palau.

　　In addition, Gao Hu is also a sportsman. He likes to play volleyball since he was a child. He is the leader of the school volleyball team. He has participated in many municipal competitions with the team, and volleyball has also trained Gao Hu’s good arm strength.

　　Timing: Killer was born with good gene dance skills and was born with boldness.

　　Killer has been called "Zhang Dadan" since she entered the competition. In the preliminary competition, she was the first woman on the 10m platform, which was as famous as Gao Hu. In the semi-finals, she was even more powerful, with two consecutive jumps. The first jump of 611A turned upside down for half a week, becoming the first woman to use platform handstand, while the second jump of 202A turned backwards for a week, which was the highest difficulty since the diving program was launched.

　　The reason why Killer dives so well can be said that she won at the starting line because of her favorable weather and natural genes. Killer’s mother is a dance teacher, and her innate motor genes, coupled with the super-high physical flexibility of practicing dance since childhood, give her obvious advantages in diving. In addition, Killer, who is bold by nature, also said that he was particularly love the water and liked swimming since childhood. This boldness surprised everyone when Killer walked into the diving hall for the first time, and immediately won the 10m platform, giving the competitors a modest "duel". In a daily training, the diving hall was suddenly cut off due to an accident, and it was suddenly plunged into darkness. At that time, the staff and players present, especially the girls, screamed with fear and scrambled to climb ashore from the water. At that time, Killer, who was on the shore, jumped into the water and swam in the dark diving hall, exclaiming that "such an opportunity is too rare, swimming in the dark is very exciting", which attracted Gao Hu present to be outdone and jumped into the water.

　　People and Peace: Coach Xing Aowei and the judges all found that small gymnastics and diving are connected.

　　As the Olympic champion of gymnastics, Xing Aowei still can’t hide the champion’s potential in cross-border diving. In addition to his amazing jump in the preliminary round, he let the audience see the high platform handstand for the first time, and even created a dazzling "anti-heaven" action in the second jump: 720-degree somersault and 180-degree turn, which caused a full house of applause. This action is even more created by Xing Aowei. In the semi-finals, he said that he would continue to carry forward the spirit of innovation, and he confidently threatened to "jump the diving action of the next Olympic Games" if he could advance to the final.

　　Xing Aowei has the highest starting line among all the players. As a gymnast of the national gymnastics team and an Olympic gold medal champion, he stood out among all the players from the first day of training. The national diving team and the gymnastics team are veritable neighbors. They used to practice in the same training hall. Therefore, many national diving team members and Xing Aowei have been good friends since childhood, including Li Na, the world diving champion who is the coach in this competition. Therefore, Xing Aowei has no pressure and a sense of formality in the training process. Although gymnastics and diving are two completely different sports, they have a lot in common, especially turning and tumbling, which is why Li Xiaopeng of Prince of gymnastics was specially invited to the jury, and Li Xiaopeng’s position was to comment on diving from a semi-professional perspective. Xing Aowei and Li Xiaopeng are both Olympic champions. Since Li Xiaopeng can be a judge, it can be seen that Xing Aowei’s starting line is high, and their teammates, especially good brothers, let him score in the judges’ scoring.

　　Pay more attention to "China Star Jump" official website: http://www.zjstv.com/splash

　

McDonald’s and KFC are believed to be the memories of a generation of Chinese people.

Fund Jun remembers that when he first ate it, he traveled to Shenzhen as a child. At the first meal, he clamored for McDonald’s, because he had long yearned for it in front of the overwhelming TV advertisements at that time.

There is a joke that says: the first English letter learned by kindergartens or primary school students was basically not A, but M, the M of McDonald’s.

After the reform and opening up, McDonald’s is one of the first two "foreign fast food" from the United States to enter the China market. After more than 30 years in China, I finally sold China’s business to China people.

(The first McDonald’s restaurant in mainland China at the east gate of Shenzhen)

Let’s take a look at the opening of the first McDonald’s in China.

On October 8, 1990, the first McDonald’s restaurant in mainland China — — Guanghua Restaurant was grandly opened in Dongmen Commercial Pedestrian Street, Luohu District, Shenzhen.

The queue for buying fast food went from the third floor to the first floor of the restaurant, and then turned around the whole Guanghua several times. Many people from Shenzhen went to taste McDonald’s food with their families. The customers who came to watch the grand opening of McDonald’s restaurant packed more than half of Dongmen Commercial Street.

The number of employees serving the opening of the new restaurant is nearly 1000. In addition to the first batch of more than 400 employees in China, McDonald’s temporarily transferred more than 500 employees from the Hong Kong company to help.

Guanghua restaurant at that time could be settled in Hong Kong dollars or RMB. Unexpectedly, the front of the Hong Kong dollar settlement counter was crowded with Shenzhen people who were born and raised in Shenzhen. It is said that in order to come to McDonald’s to taste the fast food chain, they all prepared a sufficient amount of Hong Kong dollars in advance.

Yes, McDonald’s in China changed its name from "foreign" to "Chinese".

On August 4th, CITIC Hong Kong Stock Exchange announced that the acquisition of the controlling interest in McDonald’s business in China Mainland and Hong Kong was completed on July 31st. This will become the largest McDonald’s franchise business outside the United States, and the partners will operate and manage about 2,700 McDonald’s restaurants in China Mainland and Hongkong market.

CITIC announced on January 9th this year that CITIC, CITIC Capital Holdings, Carlyle Investment Group and McDonald’s, a subsidiary of CITIC Group, jointly announced that they had reached a strategic cooperation and established a new company. The new company will acquire McDonald’s business in mainland China and Hong Kong for a total consideration of up to US$ 2.08 billion (about HK$ 16.14 billion).

After the transaction is completed, CITIC and CITIC Capital will hold a total of 52% of the controlling shares in the new company, while Carlyle and McDonald’s will hold 28% and 20% respectively.

CITIC Group has a total of 176 companies with total assets of 2.1 trillion yuan, and its business involves finance, resources and energy, manufacturing, engineering contracting, real estate and other fields. In recent years, CITIC Group has also begun to lay out the consumption field. Just before the acquisition of McDonald’s China, Chunxin Capital, a subsidiary of CITIC Group, acquired 100% equity of Jianlibao Trade in the hands of Uni-President Group for 950 million yuan.

Quite simply, the good times in China market are gone.

Think about it, will you go to McDonald’s and KFC every day to solve the problem of eating?

The data shows that the market share of KFC and McDonald’s in China’s fast food industry has dropped from about 57% (40% and 17% for two brands respectively) to about 37% (24% and 13% for two brands respectively).

Unable to maintain high growth, the trick McDonald’s came up with to get out of the predicament is to sell its brand management rights in the China market for the next 20 years, including the management rights of 2,200 stores that are operating.

Both companies have obtained a lot of funds for this round of transactions, which will be an important source of their next investment from me. Both companies have a large number of restaurants waiting to be renovated — — No matter what kind of restaurant, young people want a more comfortable and fashionable dining environment. In order to find consumers in the fragmented market, they have to catch up with the trend of digitalization. These all need money, a lot of money.

Fund Jun did a search in Weibo. This kind of problem actually appeared.

Many netizens are asking:

Are there any cups, toilet paper, free wifi, ketchup and straws available for free?

You can’t get ketchup after that.

I just want to ask, when boycotting American goods in the future, should McDonald’s boycott [allow sorrow]

Can I go to McDonald’s to go to the bathroom in the future?

These strange questions can only be observed later.

Today, Fund Jun continued to talk about the development of overseas brands after Chinese capital acquired them.

On May 21st, 2012, Wanda announced the acquisition of AMC, the second largest cinema in the world, for US$ 2.6 billion. This is the first international merger of China’s cultural industry and Wanda’s total transaction amount is 2.6 billion US dollars, including buying 100% equity and taking on debt. According to the M&A agreement, after the completion of the merger, Wanda Group will take over 338 cinemas under AMC and operate AMC as its wholly-owned subsidiary, and at the same time inject no more than 500 million US dollars into it every year.

A masterpiece of Wanda’s overseas mergers and acquisitions is now caught in the dilemma of loss-making and layoffs. On August 2nd, AMC Entertainment Holding Company (hereinafter referred to as "AMC"), a subsidiary of Wanda Group, released its second-quarter performance forecast, with estimated revenue ranging from $1.2 billion to $1.204 billion, net loss ranging from $174.5 million to $178.5 million, and loss per share ranging from $134 to $1.36, compared with earnings per share of 24 cents in the same period last year. In the face of performance losses, AMC also indicated that it will cut costs through measures such as layoffs. However, under the situation that the global film market is relatively depressed, AMC faces greater challenges. For Wanda Group, the frequent performance difficulties of overseas assets are not conducive to the layout of Wanda Group’s global film and television industry.

In 2004, under the auspices of Yang Yuanqing, Lenovo acquired IBM’s PC business for a total price of 1.25 billion US dollars. This acquisition, which Lenovo called "snake swallowing elephant", made Lenovo become the third largest computer manufacturer in the world.

After the acquisition, Lenovo experienced a long run-in because of cultural conflicts and changes in management. Until 2008, Lenovo lost $226 million, and Lenovo CEO was changed from Amelio, who was originally from IBM, to Yang Yuanqing.

In the 12 months to the end of March 2017, Lenovo’s total revenue was $43 billion, a year-on-year decrease of 4%. It made a net profit of $535 million, but nearly 85% of it came from the income from selling houses in the past year. Other products, including personal computers, mobile phones and servers, contributed less than $100 million in profits.

In the past fiscal year, Lenovo’s PC business was not very good, facing the global environment of the fifth consecutive year of decline in shipments. And, although Lenovo’s market share as of the end of 2016 is still the first in the world, reaching 21.7%, the second-ranked HP has narrowed the gap from 1.8% to 1.3%. An important reason for the overall market search is that people don’t change computers as frequently as before: once in the past 3-4 years, now 5-6 years.

In October 2014, Lenovo Group acquired Motorola Mobility, with a total acquisition of about 2.91 billion US dollars, and Lenovo immediately became the third largest smartphone manufacturer in the world.

After the acquisition, nearly 3,500 employees from all over the world will join Lenovo, including about 2,800 employees in the United States.

Lenovo will adopt a dual-brand strategy, that is, the parallel strategy of MOTO and Lenovo. Moto will be a supplement to Lenovo’s high-end product line in China, and its product design, R&D and operation are completely independent.

Looking back at Lenovo Mobile’s strategy, it is widely believed that Lenovo failed to grasp the transformation of Internet mobile phones or the offline channel changes initiated by OPPO and vivo.

In terms of mobile business, the revenue of Lenovo’s mobile business group since 2014 decreased by 10% year-on-year to US$ 7.707 billion. Revenue outside the China market fell by 5.4%, and profit margin before tax fell by 1.9%. At the beginning of 2014, Lenovo still had the status of the second smartphone manufacturer in China, but in the past three years, its ranking dropped to ten, and it was overtaken by Huawei, Xiaomi, OPPO, vivo and other mobile phones.

On the morning of January 12th, 2016, the signing ceremony of Wanda Culture Group’s acquisition of American Legendary Pictures Company was officially held in Beijing. Wanda Group will acquire 100% of Legendary Pictures, a well-known Hollywood film and television production company in the United States, with a cash of no more than US$ 3.5 billion (about RMB 23 billion), which is also the largest cultural acquisition of China enterprises overseas. Thomas Tull, Chairman and CEO of Legendary Pictures, will remain in office and continue to be responsible for the day-to-day operation of the company.

One year after Wanda acquired Legendary Pictures, ThomasTull, founder, chairman and CEO of Legendary Pictures, announced his resignation.

On January 17, 2017, the American media "Hollywood Reporter" reported that Thomas Tour’s resignation was not voluntary, but was under pressure from Wanda. Wanda is dissatisfied with his management level and ability to operate the Great Wall, Pacific Rim 2 and other projects.

On January 19th, Dalian Wanda Group Co., Ltd. issued a statement saying that online media reported recently that Thomas, the legendary American CEO, resigned because of the failure of Great Wall. The report is unverified and seriously inaccurate.

On August 2, 2010, Geely Holding Group officially completed the acquisition of all the shares of Volvo Car Company, a subsidiary of Ford Motor Company.

When negotiating the acquisition of Volvo, Li Shufu met with Volvo engineers. The other party made a somewhat harsh request, asking him to explain in three words why Geely’s acquisition of Volvo is the best. The scene was a little tense, and the host tried to beat the circle. Li Shufu stopped him: no problem, I can answer, three words, very good, because, "IloveYou!" "

Seven years after Geely acquired Volvo’s passenger car business, the two sides plan to jointly enter the mid-to-high-end automobile market in the form of a joint venture.

On August 4th, Link Investment Co., Ltd. was established in Ningbo, Zhejiang. This is a three-party joint venture, with Geely Automobile Holdings Limited, Zhejiang Geely Holding Group and Volvo Car Group holding 50%, 20% and 30% respectively.

Many market participants are optimistic about the cooperation between Geely Automobile and Volvo. Ni Wei, an analyst at Everbright Securities, said in the research report that they are optimistic about the long-term cooperation between Geely and Volvo based on Lectra. "The company or its own brand will switch up one of the most certain targets." The research report predicts that the sales volume of the Lectra brand will reach 15,000, 150,000 and 300,000 respectively from 2017 to 2019.

In 2016, Haier Group announced on January 15th that it would acquire the home appliance business of General Electric (GE). The acquisition amount is $5.4 billion, which will take over the personnel of GE’s home appliance department and its business base in the United States. At the same time, it will also obtain intellectual property rights and "GE" brand, which will be used as a foothold for officially opening up developed countries such as Europe and America. GE and Haier also announced that they will establish a long-term strategic partnership and explore cooperation in industrial internet, medical care and advanced manufacturing.

On the evening of March 30, 2016, Midea Group announced that Midea intends to acquire 80.1% equity of Toshiba’s white goods business with its own funds of about US$ 473 million after negotiation between the two parties. With this transaction, Midea will receive 40 years of global authorization from Toshiba brand, more than 5,000 patents related to household appliances, and the markets, channels and manufacturing bases of Toshiba household appliances in Japan, China and Southeast Asia. However, Midea’s acquisition needs to undertake about $220 million in debt from Toshiba’s home appliances.

TCL Group, one of the pioneers in the field of household appliances in China, and Thomson Company, the fourth largest consumer electronics supplier in the world, formally signed an agreement in Guangzhou to reorganize their color TV and DVD businesses and form the largest color TV supplier in the world — — — TCL— Thomson electronics company. This is also the first time that China’s home appliance enterprises have merged the mainstream business of the world’s top 500 companies.

The total assets of the merger and reorganization of the two parties will exceed 450 million euros. TCL International Holdings will become the major shareholder of the joint venture company, accounting for 67% of the shares, while Thomson will hold the remaining 33%. The newly established joint venture company has more than a dozen production bases in Europe, America and Asia, with an annual sales of 18 million color TV sets, making it the largest color TV supplier in the world.

On June 21, 2016, Tencent announced that it had acquired 84.3% equity of Supercell after consulting with Finnish mobile game developer Supercell84.3% The transaction amount is expected to be 8.6 billion US dollars (about 56.6 billion yuan). Supercell is a game giant from Finland. As of March 2016, the number of daily active users (DAU) of its games has exceeded 100 million.

According to sources, any buyer of Supercell must agree to the condition that six founders control the company. The new owner can’t force an IPO or fire the existing management team. At present, Supercell has launched games such as Clash of Tribes, Cartoon Farm and Raiders of the Island for the global market. In contrast, Zynga, which has more mobile game products, has about 21 million daily active users, while Gameloft and Glu have about 19 million and 5 million respectively. King, the developer of Candy Legend, has more than 130 million daily active users. Among them, the "local tyrant game" and "clash royale", which are well known by netizens, were also developed by them.

Source: China Fund News (ID: China Fund News)

Reporter: Taylor