Yesterday, the brand-new E300 hybrid car was tested on the road in Stuttgart, Germany. This hybrid version uses a set of 2.0T diesel plus plug-in hybrid power system, which integrates 225kw, 400N·m and matches 9AT. This power system supports the choice of driving mode, and can be driven by a motor alone. However, because the mass of the whole vehicle is as high as 2.1 tons, the battery life is only 51km. This E300 hybrid version can accelerate to 100 kilometers per hour in 5.8s, and only 1.5L when using diesel hybrid mode.

As a luxury brand mid-to high-end car, this hybrid version is optional and adaptive, and the interior is exactly the same as the new car, and the price is only 50,000 euros. However, this hybrid version will be used after it is introduced into China. However, in China, the hybrid version has basically locked in the hybrid mid-to-high-end sedan market, and the 300h hybrid also has a large fan audience, so this E300 hybrid will also face challenges in the domestic market.

On April 23rd, the Lynk & Co 05 Extreme Wisdom Coupe SUV family invited mainstream media in the region & Lynk & Co owners to participate in the tasting with the theme of "One Look Calling, Extreme Wisdom 05".

On the day of the event, although the sky was not beautiful and it rained lightly, it was still difficult to stop everyone’s enthusiasm. The atmosphere on site could be described as hot. Camping in the rain was a unique experience!

Lingke also very thoughtfully prepared raincoats, umbrellas, shoe covers and other props for all the friends present, and also prepared a souvenir for everyone!

Duan Xiaoqiang, Marketing Manager, Southern Anhui Region, Lynk & Co., Ltd.

Before the opening of the event, Mr. Duan Xiaoqiang, Marketing Manager of South Anhui Region of Lynk & Co Automobile, delivered a speech. He said: Since its birth, Lynk & Co 05 has been guided by user request and has achieved the ultimate product experience. With its unconventional personality design and intelligent technology, as well as leapfrog luxury power and safety strength, it has continued to lead the 200,000-class coupe SUV market segment.

From the Lynk & Co 05, to the Lynk & Co 05 +, and then to the addition of the Lynk & Co 05 EM-P, a complete Lynk & Co 05 ultra-intelligent coupe SUV family has been formed. Personality, intelligence, and driving control have never been a choice. The Lynk & Co 05 ultra-intelligent coupe SUV family integrates it uniquely. This is our response to user expectations and the latest interpretation of high-value SUVs.

Lynk & Co Automobile, Gold Lecturer, Shen Jianrui

Mr. Shen Jianrui, the gold medal lecturer of Lynk & Co Automobile, introduced in detail the three highlights of the Lynk & Co 05 extreme wisdom coupe SUV family:Advanced personality: a limited edition that is exciting at a glance;Advanced intelligence: let high-level intelligence not set a threshold;Advanced performance: Make performance more possible.

Lynk & Co Automobile, Gold Lecturer, Lu Fan

　 　 　 　Adhering to the brand’s original intention of "continuously changing mobile travel and making people love travel more", Lynk & Co has been promoting the iterative upgrade of smart cockpits for 6 years. At the event, Mr. Lu Fan, Lynk & Co’s gold medal lecturer, introduced LYNK OS N to the guests.

The new generation of Lynk & Co’s smart cockpit operating system, LYNK OS, takes "ease of use" as the core, uses the interaction logic familiar to users and operates mobile phones/tablets without thresholds, and realizes three functions: "super customization", "AI intelligent voice", and "boutique scene set". Among them, based on the industry’s first OCR scanning and recognition technology, LYNK OS N can achieve "full scene visibility can be said", and it can be done when it is said, bringing a better smart cockpit experience.

At present, the LYNK OS N smart cockpit system has been fully launched to all Lynk & Co 09 users on March 29.

The release of Lynk & Co’s smart cockpit is Lynk & Co’s insight and response to user expectations, and it is also a new starting point for Lynk & Co to fully accelerate its intelligent process. More than LYNK OS N, Lynk & Co will continue to explore more possibilities of smart cockpits in the future, continue to bring Lynk & Co users the most cutting-edge and trendy digital technology new experience, and empower all models under Lynk & Co.

Lynk & Co Tide Play Experience Camp

Interactive gifts, kite DIY, barbecue food, band interpretation, kayaking, Co guests want to experience, this time we are dedicated to presenting.

The on-site Lynk & Co 05EM-P test drive, guests enthusiastically participated, a total of smart luxury cockpit!

This time, the "call at a glance, the wisdom is like 05" Lingke 05 Extreme Wisdom Coupe SUV Family Tasting & Hefei stood in a piece of laughter and ushered in the end, which also made everyone feel the enthusiasm of Lingke for everyone, and looked forward to seeing you again in future activities. Let’s learn the outstanding strength of the Lingke family!

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.

Original, Digital Economy Consultant, Digital Economy Federation, included in the topic #Digital Economy Published 3

Digital Economy Headlines

1. The Fifth Session of the 13th National People’s Congress of Zhejiang Province was grandly opened, and version 2.0 of the "No. 1 Project" of the digital economy was implemented

On the morning of January 26, the Fifth Session of the 13th Provincial People’s Congress was grandly opened in Hangzhou. Listen to the government work report made by Governor Zheng Zhajie. The report pointed out that in 2020, the province’s GDP reached 6.4613 trillion yuan, an increase of 3.6% over the previous year, the general public budget revenue increased by 2.8%, and the income of urban and rural residents increased by 4.2% and 6.9% respectively. The report recommends that the main expected goals of the province’s economic and social development in 2021 are: GDP growth of more than 6.5%. The report proposes to implement the digital economy "No. 1 project" version 2.0. Vigorously promote digital industrialization, and the added value of the core industries of the digital economy will increase by more than 10%. Implement the "5G + Industrial Internet" project to form a large number of new technology fusion application scenarios.

2. The lithography giant posted the transcript: a high-end lithography machine is 1.10 billion yuan, and the profit margin is nearly 50%.

ASML, a leading Dutch lithography giant in the field of lithography machines, handed over a good 2020 report card. The financial report disclosed that ASML’s 2020 net sales 14 billion euros, gross profit margin was 48.6%, and net profit reached 3.60 billion euros.

The main players in the global lithography machine are ASML, Nikon and Canon, which account for 90% of the global market. ASML has a monopoly on the fifth-generation lithography machine EUV lithography machine due to its technological leadership. This kind of lithography machine is used to manufacture chips with advanced processes below 7nm.

In 2020, ASML sold 31 EUV lithography machines to the outside world, bringing in 4.50 billion euros (equivalent to 35.252 billion yuan) of revenue, accounting for 32.14% of the annual sales. Each EUV is equivalent to 1.137 billion yuan, which is a huge thing. A set of data often quoted by the media is that "a single device has more than 100,000 parts, and the hose is two kilometers long. Such a huge equipment weighs 180 tons, and a single shipment requires 40 containers, 20 trucks and 3 cargo planes."

3. Alibaba Cloud joins hands with Chinese Academy of Sciences

On January 26, the State Key Laboratory of Resources and Environmental Information Systems of the Chinese Academy of Sciences and Alibaba Cloud reached a cooperation to build an international leading "land surface system simulation and calculation platform", so as to conduct more in-depth research on the earth system and major geological disasters.

Through the "Terrestrial Surface System Simulation and Computing Platform", scientists can build spatial reconstruction models of geographic data fields, 3D dynamic process models of major geological disasters, Earth system science data sharing platforms, etc., to study the key causes of material and energy cycles in the system. Alibaba Cloud provides the State Key Laboratory with the Ali Feitian Cloud Computing Platform, which integrates high-performance computing, big data storage management, artificial intelligence and cloud computing service functions.

4. Chip supply chain organizations are calling on the new US government to review the ban on chip exports to China

In a January 25 letter to the U.S. Department of Commerce, SEMI, a semiconductor supply chain industry group that represents global semiconductor equipment manufacturers and equipment manufacturers, called on the new administration to review Trump’s August policy on Chinese chip export controls and urged the incoming U.S. Commerce Secretary to strengthen alliances with global competitive markets.

SEMI said in the letter that the previous administration’s approach to unilateral rules on chip exports was not effective, causing unnecessary harm to U.S. industries and vulnerable to retaliation by U.S. exporters.

The SEMI report also shows that China is rapidly developing its chip manufacturing capabilities. In 2012, China ranked only fifth in global IC wafer capacity, but it surpassed the United States and Japan in 2018 and 2019 to rank third, the organization said. SEMI called the trend "very noteworthy." SEMI statistics show that China’s IC wafer capacity has continued to grow since 2019, increasing by 14% in 2019 and 21% in 2020, and is expected to grow by at least 17% in 2021.

5, Kuaishou technology subscription first day hot, margin over-subscription up to 80 times the total amount of 85 billion Hong Kong dollars

Kuaishou technology on the first day of subscription yesterday, investors are enthusiastic about new. Data show that as of 17:26, the total amount of margin has reached 85.034 billion Hong Kong dollars, margin oversubscription has reached 80 times, of which tens of billions of margin scale brokers include: Phillip Securities Financing 31.50 billion, Futu Securities 16.247 billion, Huatai International 12 billion. It is expected that the oversubscription can reach 148.77 times. It is also said that the new page of the brokerage system was down yesterday.

6. MIIT responds to Lixun Precision’s investigation by US 337: Opposing bullying that suppresses normal business competition

On January 24, Apple’s leading supply chain company, Lixun Precision, disclosed the progress of the US International Trade Commission’s 337 investigation against the company, and said that the investigation will not have a material impact on the current production and operation. The investigation began on December 18, 2020, and was filed by Amphenol Corporation of the United States to the US International Trade Commission. The US Amphenol company, which has a partial competitive relationship with Lixun Precision, has experienced weak performance growth in recent years in the context of the market downturn. Gartner analysts said that "if the investigation finds that the company has indeed violated relevant laws, it will be sanctioned, and in addition to the risk of price increases, it may also face the risk of being unable to enter the United States."

MIIT responded to the matter on the afternoon of January 26, firmly protecting intellectual property rights, but also opposing abuse of rights and bullying that suppresses normal business competition.

7, the novel coronavirus real 3D images came out

For the first time, an international team, including Chinese researchers, has "captured" a 3D image of a novel coronavirus. On the nanoscale image, the novel coronavirus, with an average diameter of less than 100 nanometers, looks like a strange planet with freely swinging spike protein "tentacles" on its surface. Inside the "planet", ultra-long RNA chains are densely wrapped around an orderly arrangement of ribonucleoprotein complexes. On January 21, this novel coronavirus high definition popular science image was released by the team of Li Sai Laboratory of the School of Life Sciences of Tsinghua University and the Austrian Nanographics Company and Ivan Viola of King Abdullah University of Science and Technology in Saudi Arabia.

This achievement is also inseparable from the cooperation with Academician Li Lanjuan’s research group of the State Key Laboratory of Diagnosis and Treatment of Infectious Diseases in the First Affiliated Hospital of Zhejiang University School of Medicine. The collaborative research results were published in the online edition of the American journal Cell on September 15 last year. This is the scientific basis for the latest 3D virus science imaging.

Novel coronavirus real 3D image comes out

Digital Economy Dynamics

1. Geely Group’s low-orbit satellite Internet project was launched, with a total investment of 4.12 billion yuan

According to Qingdao Daily, Jiaozhou Natural Resources and Planning Bureau, Qingdao SCO Aerospace Science and Technology New Industry Project Planning Plan was announced before approval, marking the official launch of the project. The project belongs to Geely Satellite Internet Project with a total investment of 4.12 billion yuan and is located in the SCO Demonstration Zone. The total land area of the project is 20,474.3 square meters.

According to the relevant person in charge of the SCO Demonstration Zone Management Committee, in early August last year, the SCO Demonstration Zone Management Committee and Geely Technology Group signed a cooperation agreement on low-orbit satellite Internet projects. According to the cooperation agreement, the SCO Demonstration Zone and Geely Technology Group will lay out and build satellite Internet-related businesses in the SCO Demonstration Zone, with the aim of building a world-leading Internet of Things demonstration project. The project is undertaken by Geely’s subsidiary Zhejiang Time and Space Daoyu Technology Co., Ltd.

2. China Mobile and China Radio and Television have signed a 5G co-construction and sharing cooperation agreement

China Mobile announced in the Hong Kong Stock Exchange that China Mobile Communications, a wholly-owned subsidiary of the company, entered into a specific cooperation agreement on 5G co-construction and sharing with China Radio and Television on behalf of its 31 provincial companies. The two sides jointly built a 700 MHz wireless network, and China Mobile Communications paid China Radio and Television to share a 2.6 GHz network.

3. Panasonic EP smart home appliance project settled in Qiantang New District

On January 21, a signing ceremony was held for the EP smart home appliance project of Hangzhou Panasonic Home Appliances (Comprehensive Bonded Zone) Co., Ltd.

The total investment of the project is 300 million yuan, the land is more than 30 mu, and the construction area is about 30,000 square meters. It is planned to be put into use in April 2022. After reaching the post-production period, the production capacity will gradually reach 1.80 billion yuan.

4, our country 5G + industrial Internet projects have exceeded 1100

On January 26, the State Council Information Office held a press conference on the development of industry and informatization in 2020. Zhao Zhiguo, spokesperson of the Ministry of Industry and Information Technology and director of the Information and Communications Administration, pointed out in response to the key work of 5G development proposed by reporters that it is necessary to do a good job in three aspects, and promote 5G to better empower thousands of industries and show a variety of situations. In accordance with the principle of appropriate advance, continue to deepen the deployment of 5G network construction.

In 2020, more than 600,000 new 5G base stations were built, the number of 5G end point connections exceeded 200 million, and there were more than 1,100 5G + industrial Internet projects.

Zhao Zhiguo pointed out that in 2020, the Ministry of Industry and Information Technology will work with relevant departments and coordinate all parties in the industry to continuously improve policies and measures, continue to increase investment, and our country’s 5G commercial development should be said to have taken a solid step. In 2020, more than 600,000 new 5G base stations will be built, achieving full coverage of 5G networks in all cities above the prefecture level; the number of 5G end point connections will break through 200 million, and many industries will seize the major opportunities brought by 5G commercial use to accelerate the process of industrial digitalization; 5G + industrial Internet projects have exceeded 1,100, 5G + remote consultation has been launched in more than 60 hospitals in 19 provinces, and new models and new formats such as 5G + autonomous driving, 5G + smart grid, and 5G + distance education are constantly emerging. Overall, 5G empowers entities, benefits society, and serves the people, and is increasingly becoming an important driving force for high-quality economic development.

5. Anheng Information was shortlisted for the 2020 "Zhejiang Made Boutique" list

Recently, the list of "Zhejiang Manufacturing Excellence" in 2020 was released. After enterprise declaration, recommendation by local economic and information departments and industry associations, expert review and publicity, 263 products were determined to be "Zhejiang Manufacturing Excellence" in 2020. Among them, Anheng Information became one of the representatives of Zhejiang Manufacturing Excellence. The selected products this time are "Internet of Things Security Heart/DAS-IOT-SH". After declaration and rigorous review by experts, they were successfully shortlisted and were rated as "Zhejiang Manufacturing Excellence" in 2020. "

Digital Economy Policy

1. [Xiaoshan District] Notice on Launching the 2019 Collection of "Unicorn" and "Quasi-Unicorn" Policy Support Projects in Xiaoshan District

Project solicitation requirements

1. The declared enterprise must be registered in Xiaoshan District for industry and commerce and taxation, have independent legal personality, and have a sound financial management system. The enterprise must be included in the "2019 Xiaoshan District" Unicorn "and" Quasi-Unicorn "plans.

2. The relevant R & D investment projects declared need to set up detailed subjects and special project accounting.

3. The project applicant must be the specific organization and implementation unit of the project, and has not received relevant financial assistance at the district level.

4. The application materials must be true and reliable, without fraud.

II. Project application procedures

1. Declaration time. January 21-February 10, 2021

2. Application basis and requirements. In accordance with the relevant requirements of the "Declaration Instructions for" Unicorn "and" Quasi-Unicorn "Policy Support Projects in Xiaoshan District" and other attachments, the corresponding application materials are objectively and truthfully prepared (see the attachment for details).

3. Format for submission of application materials. In accordance with the requirements of the "Declaration Content Explanation for" Unicorn "and" Quasi-Unicorn "Policy Support Projects in Xiaoshan District", the materials are bound into a book, and the binding materials are bound in paper and two copies, and one electronic version.

4. Place of submission of application materials: 703, Block C, Water Building.

III. Declaration contact information

District Economic and Information Bureau Contact: Gao Jiecan, Ye Huimin 82705239 82705238; Email: 1042430841@qq.com (electronic materials are sent to this email)

District Finance Bureau Contact: Zheng Chao 82753986

Attachment download address: https://share.weiyun.com/Vjy9UnuY

This project will be closed on February 10, 2021.

Source: West Lake District

2. [Yuhang District] Notice on Organizing the Application of the First Batch of Enterprise Cultivation Financial Support Policies in Yuhang District in 2020

First, the application object

Large enterprises and large groups during the cultivation period from 2016 to 2020.

II. Policy enjoyment

1. If large enterprises and large groups cultivate enterprises that meet the policy conditions, they will be given incentives and subsidies through project support. 80% of the local fiscal contribution of paid taxes in 2019 exceeds the base.

2. If the enterprise cultivation object adds new industrial land during the cultivation period, the tax base will be increased by 200,000 yuan per mu from the next year after the project is put into operation. For the industrial land obtained by the cultivation enterprise through bidding and auction, the project that has not been put into production after 5 years from the year of land acquisition will be regarded as put into production, and the tax base will be increased by 200,000 yuan per mu of actual tax from the 6th year (from the first year of land acquisition). At the same time, for enterprises that withdraw from industrial land due to the closure or relocation of urbanization, energy conservation and emission reduction, etc. (except for long-term idle withdrawal), the tax base will be reduced by 200,000 yuan per mu of actual tax from the year of withdrawal from industrial land. The specific increase (decrease) of the local retained part of the paid tax base is based on 200,000 yuan per mu as the standard, and the local retained tax base of the increase (decrease) is determined according to the calculation of the tax structure of the actual tax paid by the enterprise in the current year.

3. Local fiscal contribution = the local retained part of the tax paid by the enterprise – the total amount of financial funds that have been subsidized (50% deduction for enterprises that receive competitive allocation funds).

4. The taxes involved in financial incentives are: value-added tax, enterprise income tax. The caliber of tax redemption is: first, value-added tax, calculated according to the actual value-added tax paid in the corresponding period × 40% + the value-added tax exempted in the corresponding period × 40%; second, enterprise income tax, calculated according to the annual settlement and payment of the corresponding period × 32%.

III. Declaration requirements

1. Materials required for enterprise declaration:

(1) Table of Contents (indicate page number)

(2) Application Form for Tax Support Policies (see Annex 1)

(3) Project declaration commitment letter (see Annex 2)

(4) Annual financial statements (balance sheet, income statement)

(5) Copy of business license

(6) Merger and Cultivation of Subsidiaries (see Annex 3)

(7) List of new industrial land use by enterprises (see Annex 4)

(8) Other relevant supporting materials

2. The application situation of the enterprise must be true and reliable, and no fraud shall be allowed; the application materials shall be reported in 2 copies to the "Pro-Qing Online" Service Center of Yuhang District, Hangzhou (the first floor of the District Finance Bureau); the electronic version shall be submitted to the wujun7229@dingtalk.com synchronously. The application time ends on February 8, 2021, and overdue will not be accepted.

Contact: Li Liangyi and Wu Jun, Economic Operation Section, District Economic and Information Bureau, Tel: 86223024, 89089835; Wang Zhonghong and Xu Zhen, Enterprise and Finance Section, District Finance Bureau, Tel: 86232756, 86130033.

Attachment download address: https://share.weiyun.com/6dPaXPky

The application for this project will be closed on February 8, 2021.

Source: Yuhang District

Digital Economy Financing List

1, Didi freight will complete the first round of financing of 1.50 billion US dollars

On January 26, it was reported that Didi Freight has completed the first round of financing agreement of 1.50 billion US dollars. The lead investors are Temasek Holdings, CPE Yuanfeng (CITIC Industry Fund), IDG Capital, etc. Other participants include Zhongguancun Nongmen Fund, Private Equity Agency of Prologis, Hidden Mountain Capital, Country Garden Venture Capital, VMS Group and Yunfeng Fund, etc. This round of financing is planned to be completed in February this year. The main company of Didi Freight is Beijing Kuaiju Anyun Technology Co., Ltd., which was established in April 2020. The legal representative is Zhao Hui. Its business contents include: operating telecommunications business; technical development of computer software, technical consultation, technical services, etc.

2. Self-driving company "Yishi Technology" received over 1 billion yuan in financing

UISEE, an autonomous driving company, announced the completion of a new round of financing with a total of over 1 billion yuan, including strategic capital injections from multiple industrial investors and the CDB Manufacturing Transformation and Upgrading Fund. This is the first investment of the CDB Manufacturing Transformation and Upgrading Fund in the field of autonomous driving. This round of financing will be used to strengthen the research and development of key technologies for the "all-scene, truly unmanned, all-weather" autonomous driving platform, and work with the industry to promote the large-scale commercialization of autonomous driving.

3, Spark thinking completed the E round of over 400 million US dollars financing

On January 25th, Spark Thinking, an online education brand for children, announced the completion of the E3 round of financing. This round of financing was led by Trustbridge, followed by old shareholders such as Tencent, and Light Source Capital continued to serve as the exclusive financial advisor. So far, Spark Thinking has completed all three rounds of financing in the E round within 5 months, with a total financing of more than 400 million US dollars.

THE END

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Original title: "Digital Economy Release | Provincial Government Report: Implementation of Digital Economy" No. 1 Project "2.0; Geely 4.12 billion Yuan Low-Earth Orbit Satellite Internet Project Launched; Anheng Shortlisted for 20 Years of Zhejiang Manufacturing Excellence List"

Read the original text

1905 movie network news On the evening of December 22, Jiaxing Media, the brokerage company to which Yang Mi and Liu Kaiwei belong, issued a statement announcing that Yang Mi and Liu Kaiwei had signed an agreement in 2018 to peacefully break up and end their marriage.

In the statement, it also specifically stated that "although they will no longer live together as husband and wife, the two will also take care of and raise the children together as relatives in the future." To put an end to the small glutinous rice issue that the majority of netizens are concerned about.

In 2011, Yang Mi and Liu Kaiwei fell in love for the filming of the TV series "Ruyi". In 2012, the two admitted to their relationship on Weibo. On January 8, 2014, Yang Mi and Liu Kaiwei held a wedding ceremony in Bali; on January 19 of the same year, Liu Kaiwei confirmed that Yang Mi was more than three months pregnant. On June 1, 2014, Yang Mi gave birth to her daughter "Xiao Nuomi" in Hong Kong.

In the two years after their marriage, Yang Mi and Liu Kaiwei interacted frequently, and the two often forwarded and interacted sweetly with each other on Weibo. But since 2016, the interaction between the two sides on Weibo has become less and less. In the past two or three years, both of them have produced a lot of new works, but the two sides have almost never promoted each other. On December 3, 2015, Liu Kaiwei forwarded Yang Mi’s new works for the last time. And at the end of 2015, it was when Liu Kaiwei and Yang Mi reported that their marriage was changing.

Until 2018, the two’s Weibo almost stopped interacting. The last time Liu Kaiwei interacted with Yang Mi on Weibo was on April 12, 2018. Yang Mi was caught in a public welfare scam, and Liu Kaiwei forwarded the rumor-refuting article and supported Yang Mi.

And according to an online friend, "It has been rumored for so long, why did Liu Kaiwei and Yang Mi choose to announce the divorce statement today? Because schools in Hong Kong will give students a Christmas holiday from December 22, and the holiday time is not short. In order to protect Xiao Nuomi from being chased by the media, the two of them advised everyone not to disturb Xiao Nuomi."

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

Fast Technology News on June 18, the latest data released by Qjie Automobile shows that,From January 1st to June 16th, the new M7 sold 100,900 units, topping the top 1 sales list of new power models in the Chinese market.Become the first new power model to exceed 100,000 sales in 2024.

The recently released 2024 China New Power Model Sales List includes statistics on the sales of new power models from January to June this year.

The list shows that as of June 9,The annual cumulative sales of the new M7 series models have reached 96,500 units, and the cliff-type leading ideal L7, polar krypton 001 and other new power models have won the first half of 2024 China’s new power sales crown.

At the same time, the newly upgraded "National SUV" asked Jiexin M7 Ultra, with deliveries exceeding 4,349 units in the first week of listing, setting a new power model delivery record in China.

Other models in the list, the ideal L7 ranked second with 56,600 vehicles; the polar krypton 001 ranked third for 42,000 vehicles.

This is also equivalent to,The sales of the new M7 in the world have almost reached the sum of the second and third place, indicating the leading advantage of the new M7 in the world.

It is reported that the new M7 Ultra was launched on May 31, with a total of four models, priced at 28.98-32 9,800 yuan.

The new car is equipped with Huawei’s latest 192-line lidar (the same model as the M9) as standard, which is currently the highest number of line lidar in mass production. With Huawei’s mature ADS 2.0 high-end intelligent driving, there are few competitors in the same level of intelligent driving experience.

And ask the new M7 Ultra’s 35,000 yuan limited-time car purchase rights will end on June 30. It is expected that by the end of June, the order volume of the new M7 will have a big outbreak.

Industrial trends

　　01 360 released Zhinao 4.0, which has the ability of cross-modal generation.

　　On June 13th, 360 Company held the application conference of 360 Zhinao Big Model, the cognitive general big model "360 Zhinao 4.0" was unveiled, and the 360AI digital man was officially released.

　　In addition, Zhou Hongyi said that the key to overtaking China’s self-developed large model curve in the GPT era is to develop multi-modes. 360 Zhinao has the ability of cross-modal generation, and has the ability of text, image, voice and video processing, which can be applied to scenes such as Wensheng map, Wensheng map and Wensheng video. At the same time, 360AI Digital People Square was released, providing more than 200 roles, including digital celebrities, digital employees and other categories.

　　At the meeting, the multi-modal function of 360 Zhinao "Wensheng Video" was first launched in China, and any text script can generate video, which is not limited by professional skills and materials, showing the ability of "making something out of nothing".

　　Zhou Hongyi said that the core innovation of 360 in the big model lies in AI digital people, and digital people are the future.The most important application entrance of large model. 360 will redefine "digital people" based on the ability of 360 wisdom brain model. Different from traditional digital people who can only output content according to established scripts, 360AI digital people are characterized by having memories, people’s designs and personalities, and being able to reproduce their way of thinking and life experiences.

　　02 can generate video with one click, and Gen2 is open for free trial.

　　Recently, Runway, which is known as the video version of Midjourney and provides technical support for Stable Diffusion and Instant Universe, has developed an AI video editing tool Gen, which has been upgraded from the first generation in February to the second generation, and has been officially released from internal testing.

　　In February of this year, Runway released a model named Gen-1, which can transform an existing video into a new video by applying any style specified by text prompts or reference images.

　　Just over a month later, Runway officially released the more powerful Gen-2 on March 20th, completing the transformation from "editing existing videos" to "Wensheng videos", and providing multiple functions such as text+reference images to generate videos, still pictures to videos, and video style migration. Now, after the internal test in March, Gen2 finally opened a free trial-although the video it generated is only 4 seconds at present, and it has a total usage quota of 105 seconds.

　　In terms of pricing, the standard edition member of Gen2 is 15 dollars/month, the Pro edition member is 35 dollars/month, and the annual membership can get 20% discount.

　　According to reports, Twitter user Steve Mills has experienced its potential ability to generate MV in the Gen-2 beta. This user generated a total of about 500 seconds of video, and finally edited it into a 140-second MV.

　　The author estimates that the whole production will cost at least $30 at the price of the public version. Coupled with the previous study and exploration stage, this price will be higher.

　　Cristóbal Valenzuela, CEO and co-founder of Runway, once said when Gen-1 was released: "We have witnessed the explosion of image generation model, and I firmly believe that 2023 will be a year of video generation model."

　　Chatgpt update, which can generate visual animation with one click.

　　On June 13th, local time, OpenAI announced a major update to its large-scale language model API (including GPT-4 and GPT-3.5-turbo), including adding function calling function and reducing the use cost. After updating, the cost of embedded model is reduced by 75%, and the tokens input length of GPT-3.5-turbo is extended to 16,000.

　　Since the end of March, ChatGPT update announced the launch of plug-in function, the number of third-party plug-ins has increased from 10 to more than 70. With the support of these plug-ins, ChatGPT can not only generate web pages and help users find jobs, but also visualize data directly according to their needs. ……

　　At present, the new version of the model has gradually begun to iterate. The latest versions of gpt-4-0613, gpt-3.5-turbo-0613 and gpt-4-32k-0613 with extended context length all support function calls. Gpt-3.5-turbo-16k does not support function calls, and provides four times the context length, which means that one request can support about 20 pages of text.

　　In addition, the old model began to be gradually abandoned. Applications using the initial version of gpt-3.5-turbo and gpt-4 will be automatically upgraded to the new version on June 27th. Developers who need more time to transition can also manually specify to continue using the old version, but all requests for the old version will be completely abandoned after September 13th.

　　04 Nature refuses to post the generated pictures and videos.

　　On June 13th, local time, Nature magazine announced in an editorial that in order to ensure the integrity, transparency and morality of the research, no pictures, videos or illustrations created by using generative AI tools will be published, unless they are articles related to artificial intelligence.

　　However, Nature does not completely exclude artificial intelligence. The magazine still allows the use of text generated by generative artificial intelligence in articles, as long as it is clearly stated in the method or acknowledgment section. In addition, all sources of data, even data generated with the assistance of artificial intelligence, must be provided by the author. However, Nature firmly refuses to accept any generative artificial intelligence tool as the author of the paper.

···

Frontiers of science and technology

　　01 Meta Releases the First Humanoid Model

　　Meta announced on June 13th local time that it will open some components of a new "humanoid" artificial intelligence model to researchers, which can analyze and complete unfinished images more accurately than existing models.

　　This model is called I-JEPA, which uses the background knowledge of the world to fill in the missing parts of the image, instead of inferring only from nearby pixels like other generative artificial intelligence models. This method adopts the humanoid reasoning method advocated by Yann LeCun, the chief artificial intelligence scientist of Meta Company, which helps to avoid the common mistakes in the image generated by artificial intelligence, such as the problem of having an extra finger.

　　Zuckerberg, CEO of Meta, said that sharing the model developed by Meta with other researchers can help the company promote innovation, find security vulnerabilities and reduce costs. He told investors in April this year: "For us, if the industry standardizes the basic tools we are using, then we can benefit from the improvement of others."

　　02 DeepMind releases new AI system to discover faster algorithms.

　　Researchers at Google DeepMind, an AI research laboratory owned by Alphabet (GOOG), released a new AI system on Wednesday, which can improve the efficiency and sustainability of computing.

　　DeepMind said that this latest breakthrough, published in the scientific journal Nature, focuses on finding faster computer algorithms. The computer algorithm isThe foundation is used by enterprises for trillions of times every day.

　　This AI lab in London is famous for pioneering AI models, such as AlphaFold and mastering complex Go.AlphaGo, which named its new AI system AlphaDev. Based on AlphaZero (iteration of AlphaGo), the system uses reinforcement learning to find faster algorithms for computer science functions such as sorting and hashing. Reinforcement learning is a form of machine learning, in which computers learn and make their own strategies.

　　Colin Murdoch, chief business officer of DeepMind, said, "This means that we can use fewer resources to do the same amount of calculations."

···

Traffic driving

　　01 Huawei won the trademark "Wen Jie" and intended to build a car alone?

　　Trademark electronicsThe system shows that a total of 21 applications for trademark transfer of "Wenjie" have been approved. The transferor is Beijing Yongan Shida Trade Co., Ltd. and Beijing Kechuang Huida Trade Co., Ltd., and the transferee is Huawei Technologies Co., Ltd. The receipt time of the transfer application is March 7 and 8 this year.

　　The specific categories of trademarks involve categories 12, 9, 7, 39, 37, 42, 2, 35, 3, 4, 16, 38, 11, 1, 5, 21, 27 and 41, of which categories 12 and 9 respectively represent automobiles and vehicles, electronic products and scientific instruments.

　　According to the first financial report, Huawei responded that "Huawei does not build cars alone, but builds good cars with car companies" has not changed.

　　In addition, according to the science and technology innovation board Daily, the successful transfer of the trademark "Wen Jie" by Huawei means that Huawei will have the dominant position in the trademark, and it will become the unified brand name of Huawei’s intelligent car selection model in the future.

　　02 The price of the whole department was reduced by 30,000 yuan, and the price of ES8 fell below 500,000 yuan.

　　On June 12th, Auto (hereinafter referred to as "") announced that it would adjust the price of all new cars, and the starting price of all models of the company was reduced by 30,000 yuan.

　　After adjustment, the starting price of ET5 fell below 300,000 yuan to 298,000 yuan; The brand-new ES6 just listed in May this year also dropped to 338,000 yuan, and the price of the brand-new ES8 launched at the end of last year also fell below 500,000 yuan.

　　This adjustment is not limited to the price, and the car rights of Weilai users have also been lowered.

　　Specifically, the rights and interests of the first owner of a new car purchase user are adjusted to a 6-year or 150,000-kilometer warranty for the whole vehicle, of which the three-power system can enjoy a 10-year unlimited mileage warranty; Free power exchange will no longer be used as the basic car rights, users can choose to pay a single fee for power exchange, and then a flexible power supply package will be launched.

　　For the users who have already picked up the car, Weilai promises that the rights and interests of the first car owner will remain unchanged. At the same time, when buying a new car from Weilai, the old users can choose to transfer the car rights of the original car to the new car, or choose to give up their car rights to deduct the car purchase price of 30,000-50,000 yuan. Li Bin, CEO of the company, explained that the old users can choose to give up their rights when buying a new car, which means that they can get 60,000-80,000 yuan cheaper.

[One and one new car listed] On March 12th, the global version of the Great Wall Gun (parameter picture) passenger pickup truck was officially listed. The global version of the Great Wall gun pickup truck listed this time has a total of eight configurations. As a "Chinese high-end pickup truck" that Great Wall is committed to building, the global version of the Great Wall gun pickup truck has been fully armed with ultra-new concepts and ultra-high standards.

The global version of the pickup truck for the Great Wall Artillery is 5410*1934*1886(mm), the container size is 1520*1520*540(mm) and the wheelbase is 3230mm. Although the size is slightly smaller than other models, the container size and wheelbase are still the best in the same class. Not only does it perform well in size, but the global version of the Great Wall gun pickup truck also has 18-inch aluminum alloy wheels, and the visual effect is amazing. There are eight kinds of vehicle color matching options, and there are three kinds of shapes of rain shelter that can be customized, which can meet diversified car scenes and needs while pursuing individuality.

In terms of appearance, compared with the cash, the global version of the pickup truck for the Great Wall gun has only changed the middle net, logo and the lower trim panel of the front bumper, turning the style of the middle net into a wide horizontal bar with a more international style and strength, and at the same time, the logo has been further increased, highlighting domineering and increasing the sense of fashion. Headlights use high-brightness LED lights, and the Hawkeye Smart Headlights Group does not lack the configuration that all smart headlights should have. The only standard advanced privacy glass in the same class that can filter 98% ultraviolet rays also shows high-end. This is also an important step for the Great Wall to create a high-end pickup truck style in China.

The interior parts have changed greatly. While maintaining the same color matching of all black/black brown interiors as the current ones, the central control panel, dashboard trim panel, sub-dashboard central control panel, seat texture and door trim panel of the global version of the pickup truck for the Great Wall Gun have all been upgraded in luxury and grade.

Of course, on the one hand, this upgrade is to increase practicality and comfort, on the other hand, it is also to continuously enhance the freshness of the market and enhance the product strength to maintain the leading edge. However, the interior of the global version of the pickup truck for the Great Wall Gun is indeed more advanced than the cash.

By the way, the global version of the pickup truck for the Great Wall cannon adopts deep-sea mute, and optimizes the wind resistance, which is quieter and quieter. The 808*402(mm) Webasto high-quality skylight equipped with the global version of the pickup truck for the Great Wall Gun has an area of 0.32 square meters, which is not only unique in the same class, but also the first match of pickup truck models, and also supports one-button opening.

In terms of other configurations, the global version of the pickup truck for the Great Wall cannon provides flat-cover canopy, high-cover canopy and roof rack for consumers to choose from, and the car also adopts a brand-new UI interface, which enhances the sense of interaction. The seat also adds front and rear seat heating and front seat ventilation, which is more friendly to passengers. The rear elbow pillow, cup holder, wireless charging and electric side pedal also improve the quality from the details, which is both face-saving and more comfortable.

In terms of power, the global version of the pickup truck for the Great Wall Gun provides two engines to choose from. One is a 2.0T diesel engine with a maximum power of 120kW and a maximum torque of 400N·m, and the other is a 2.0T gasoline engine with a maximum power of 140kW and a maximum torque of 360N·m, both of which match the ZF 8AT gearbox. And there are three modes to choose from: economy, standard and sport, plus the two-speed TOD intelligent four-wheel drive system, which can easily cope with various road conditions and still have good fuel consumption performance.

In addition, the global version of the pickup truck for the Great Wall Artillery uses a non-load-bearing body and a five-link rear suspension, which is not only comfortable but also more stable. It is also blessed by the Eaton differential lock, which greatly enhances the confidence of driving in the field. Approach angle of 29.8 degrees, departure angle of 25 degrees, wading depth of 500mm, even if the off-road capability is inferior to that of professional off-road vehicles, at least you can ignore the gullies and ridges of most wild forests.

Not only the hardware, but also the global version of the pickup truck for the Great Wall Gun is equipped with L2-class automatic driving and 360-degree look around. The body adopts a high-strength cage body and is equipped with 6 airbags. The intelligent field is equipped with active and passive safety functions such as AEB, ACC, TSR, LCA, DOW, etc., and with many intelligent driving AIDS, it is definitely an advanced pickup truck from hardware to technology to teeth.

Summary:

From the perspective of global pickup trucks, the Global Edition of the Great Wall Artillery Pickup Truck is committed to building Chinese high-end pickup trucks, which are in line with the world-famous global pickup truck models such as Ford F150, Toyota Smooth Road and Dodge RAM, and incorporate the characteristics of China with high configuration and low price. Not only in terms of functional control, loading and passability, but also the driving experience has reached or even surpassed some SUV models. Such a pickup truck model that is full of personality and more inclined to ride experience will certainly be welcomed by consumers. At the same time, it is hoped that domestic pickup trucks will rank among the first-class pickup trucks in the world, so that the whole world can drive high-profile pickup trucks in the East.

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