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.

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.

On December 23rd, Chongqing Jin Kang Sailis announced that it had jointly launched a high-end smart car brand AITO (Chinese name: Aotu), which is a new high-end new energy brand that Huawei has chosen new products and cooperated with car companies. slogan is "A journey of thousands of miles begins with AITO"!

At today’s new product launch conference of Huawei in winter, AITO’s first model, AITO Wenjie M5, was officially launched, with a mid-to-high-end positioning, belonging to an intelligent luxury electric drive SUV (medium-sized), which was built by major teams such as Huawei’s consumer business, including system software, industrial design, engineering technology, ecology, etc., with high autonomy.

In addition, HUAWEI has specially provided Huawei’s household charging piles for new cars, which are genuine Huawei car accessories to help solve the anxiety of users.

The IT House learned that "Huawei only makes parts and does not build cars, but helps enterprises build good cars".

Yu Chengdong said that this model is far superior to other brands in terms of performance, handling and intelligent experience.

Huawei also brought its simple and ultimate industrial design concept to this car. The exterior is luxurious and compact, and the interior is spacious and comfortable, which not only allows everyone to enjoy the convenience of parking and turning around easily in the city, but also allows the main driver and passengers to have a comfortable experience even during the long journey.

With the help of the industrial concept of Huawei team, this car has achieved a simple and extreme design. First, it is equipped with an intelligent cockpit. The AITO M5 can seamlessly flow with other intelligent terminals, completely breaking through the barriers between "people, cars and homes".

In terms of software, the M5 interface of AITO Interface provides advanced sense and intelligent functions, which "surpasses all models and car enterprises", such as L2+intelligent driving assistance, HarmonyOS intelligent split screen, one-button flow, NFC Bluetooth sensorless car key of Huawei watch, 3D face recognition, automatic login to Huawei account, automatic switching of driving information, schedule, real-time updating of car navigation map, intelligent sound source perception in multi-tone area, offline voice assistant, real-time detection of fatigue state by computational vision, etc.

Huawei said that with powerful computing power and operating system, through continuous AI learning optimization and OTA upgrade, HarmonyOS Auto can meet consumers’ demand for intelligent, scene-based and personalized experience upgrade.

IT House understands that AITO Wenjie M5 has six paint colors: ceramic white, pine frost green, ice crystal gray, gold-plated black, mi navy blue and azure blue, and three interior colors: ivory white, extreme night black and agate brown, which can be freely matched.

According to Yu Chengdong, Huawei designed it according to the quality and interior requirements of millions of luxury cars, which exceeded the driving sense of 500-100 million yuan. The interior space was comparable to that of a large SUV, and the cockpit was surrounded in one piece, which perfectly interpreted the experience of "advanced feeling", "simplicity" and "immersion".

In terms of power, AITO Wujie M5 adopts front double wishbone independent suspension (anti-roll), rear multi-link independent suspension (stable), all-aluminum chassis (weight -30%), and is equipped with Huawei’s own DriveOne pure electric drive range-extending platform, which has fast acceleration, long battery life and can be powered by electricity and oil.

It is equipped with 1.5T four-cylinder range extender 3.0, asynchronous AC motor and permanent magnet synchronous motor. The peak power of intelligent four-wheel drive flagship version is 365kW(675N?m), and the performance version of four-wheel drive is 315kW. Its performance is superior, and its endurance exceeds that of Porsche, BMW X3, Mercedes-Benz GLC, Audi Q5L, Tesla Model Y and many other luxury cars, with the highest compression ratio of 15:1, ultra-high thermal efficiency of 41% and 3.

According to Yu Chengdong, this model also has extreme cornering performance, which is stronger than McLaren. In terms of acceleration, it can also achieve acceleration of 4.4 seconds at zero speed and 1.9 seconds at 0-50km/h, and its performance can crush many fuel vehicles and surpass many pure trams.

Advanced precision oil cooling technology is also adopted in AITO Interface M5, which reduces the average peak temperature of winding by 30℃ and the peak temperature of magnetic steel by 15℃.

This model can store 40 kWh of electricity, and has a matching "Huawei Household Charging Pile", which supports fast charging (45 minutes can make the power from 20% to 80%, and 5 hours of slow charging can make the power from 20% to 80%), and of course it can also generate electricity from gasoline (56L fuel tank), and it can also output 3500W(220V) AC power to the outside world. Super fast charging charging charging charging treasure, four-wheel drive flagship version 110.

It is reported that the interior car of AITO’s M5 is a 15.9-inch 2K HDR screen, with 90% screen ratio, 128-color RGB atmosphere lights and seamless panoramic canopy.

In addition, this model also has built-in Huawei Sound’s top luxury audio system and a car audio with a peak of 1200 watts. It is worth mentioning that Huawei also has a high-quality cockpit music experience, providing a 10-million-level music library and a high-quality music area for Huawei music, and supporting the playback of lossless music with 5.1 channels and 7.1 channels.

In other aspects, AITO Wujie M5 comes with its own fragrance system, which claims to have the fastest charging in the car, 66W wired fast charging and 40W wireless fast charging, with five charging interfaces of 1A4C, as well as the advanced crystal diamond handle, the co-pilot’s "Queen’s fill lens", center speaker, 19-unit vocal design, ventilated heating massage seat, Napa leather, HUD head-up display function and so on.

Finally, AITO M5 also provides Huawei Card Owner’s Courtesy Edition, covering the whole life cycle from car purchase to car use, providing preferential installment service and rich owner’s rights and interests. With the owner card of Huawei Card, you can enjoy the owner’s rights and services. In Huawei wallet App, car owners can quickly apply for cards, handle car staging, enjoy cash back and driver accident insurance on the whole line, and create a variety of smart car scenes.

　　Xinhua News Agency, Guiyang, January 23rd Title: Old fisherman Wang Chaosheng’s "Landing"

　　Xinhua News Agency reporter Wang Jun, wu si

　　This Spring Festival, Lao Wang is very busy. During this time, a new batch of fry was put into his fish pond, and every detail was careless.

　　Lao Wang’s name is Wang Chaosheng. He is 60 years old. He lives in xiazhai village, Tangtou Town, Sinan County, Guizhou Province. He started fishing in his early 30s and retired to shore at the age of 57. After landing, Wang Chaosheng rented more than 10 mu of land to build pond culture, and raised it for 3 years, which brought good benefits and started a new life.

　　Wujiang River is the largest tributary of the south bank of the upper reaches of the Yangtze River, which flows through 13 of the 28 townships in Sinan County. In order to strictly implement the 10-year ban on fishing in the Yangtze River, the local fishery department has repeatedly gone deep into the two sides of the strait to do ideological work for fishermen. Old fishermen like Wang Chaosheng bid farewell to fishing life in succession. Since 2019, 121 fishermen in Sinan County have been arrested and landed.

　　The fisherman’s understanding card posted on the wall of Wang Chaosheng’s house. Xinhua News Agency reporter Wang Junshe

　　Wang Chaosheng used to fish and earned a considerable income. He has fishing license, crew certificate, fishing boat registration certificate and other procedures. During the slack season, he opened a fishing boat and installed a few nets, and started a "sideline business" in Wujiang.

　　"Growing crops is the main business, but the bulk of family income is still fishing ‘ Sideline ’ 。” Wang Chaosheng said that when he was young, he earned 300,000 to 400,000 yuan in the most year, and earned 10,000 yuan in the most day.

　　Wang Chaosheng is a good fisherman. The wind is high and the waves are urgent. Day and night, he and his wife have been safe for decades. He swam around the river with a width of five or six hundred meters, not to mention. If the amount of wild fish salvaged is not large, it will be robbed at home. If the fishing boat comes home with a full load, he will pull it to towns and counties.

　　Wang Chaosheng misses fishing. However, he also figured it out about retreating to shore. On the one hand, support the ecological protection policy; On the other hand, after landing, family income is relatively stable.

　　"I used to fish, but now I raise fish. I’m still at my old job!" Wang Chaosheng told reporters with a smile. Now, fish farming earns more than 100,000 yuan a year, so Wujiang River can recuperate and the ecological protection of the river basin has been strengthened.

　　Today, Wang Chaosheng feeds forage in the fish pond every morning and evening. Watching the mountain spring flow into the fish pond, the big fish churned up and down, and he was full of energy. Grass carp, catfish and other four or five varieties, the big 14 or 15 Jin, the unit price from 10 yuan to 50 yuan, three fish ponds, there is no shortage of sales.

　　Wang Chaosheng fished in the fish pond. Xinhua News Agency reporter Wang Junshe

　　"Mountain spring water, ecological fish, good quality!" Wang Chaosheng was destined to become attached to fish in this life. At the entrance of the mountain spring flowing into the fish pond, he specially took pebbles and river sand from the river to create a natural living environment for the fish. He planted sweet sorghum and ryegrass with bait to make the fish’s food more original.

　　Because of the good quality of fish, Wang Chaosheng’s fish pond attracted some fishing enthusiasts. There is no charge for fishing, just buy the hooked fish at the actual price. Now, his breeding technology is more refined and his output is increasing year by year.

　　In order to ensure the sustainable benefit of ecological fish farming, technicians from county and township fisheries departments often go to the village to give guidance, feed, change water and prevent diseases. They help Wang Chaosheng to move forward continuously.

headline

Chinese youth killed by police: video release is justified!

[Comprehensive News]Christian Hall (Chinese name: Chen Zhibo), a 19-year-old Chinese youth in Pennsylvania, was shot and killed by state police in December last year. At present, it has been ruled as a legitimate reason (legal) by DA in Monroe County, Pennsylvania.

On December 30th, someone called 911 anonymously, and the anonymous caller was Hall himself. The police rushed to the scene on I-80 and found Hall standing on top of the concrete safety barrier. After some continuous twists and turns, Hall then took the gun (an air gun like a pistol) from his waist and took a step towards the police. Then a police officer fired several shots, but missed Hall.

You can see that Hall raised his arm to the side, turned the weapon to the side, and turned the barrel to aim at his head. At this time, it was the critical moment when the police decided to shoot him.

The police said: "Because Hall’s behavior caused a potential threat of death or injury, in this case, it is legal for Pennsylvania police to use deadly force against Hall."

The Monroe County District Attorney said they didn’t think the police were at fault, and they wanted to make sure Hall’s family didn’t blame themselves for it. The prosecution said that Pennsylvania law does not require suspects to fire at the police. Hall (Chen Zhibo) used an air gun to force the police to shoot, which is a common "suicide by cop" behavior.

Spot News

1. There are dozens of mysterious brain diseases in North America, with 5 deaths and 43 hallucinations!

[Guardian]New Brunswick, Canada, has recently been exposed to investigating dozens of mysterious brain diseases. However, the news was first exposed by the outflow of internal government documents, and the health department refused to provide more details. It is reported that there have been 43 cases of such brain diseases in this province, and the cause of the disease has not yet been identified. Specific symptoms include memory shortage, vision problems, abnormal convulsions and so on.

According to the report, in 2015, the first suspected case appeared in the local area, and in 2019 and 2020, there were 11 cases and 24 cases respectively, and a total of 5 people died. However, it was not until last week that local residents learned the news from the internal memo of the health department obtained by the media. Health officials still refuse to disclose the specific location of the cases, but some experts say that the number of cases is small and there are still many problems to be studied, so the public should not panic.

2. Pfizer —BioNTech: The vaccine is 100% effective for teenagers aged 12-15.

【CNBC】Pfizer and BioNTech announced in a joint press release on Wednesday that Pfizer -BioNTech Covid-19 vaccine is safe and effective in adolescents over 12 years old. The vaccine can prevent symptomatic diseases 100% effectively in the experiment, and trigger a stronger immune response among teenagers than adults. They hope to start vaccination for American teenagers before the next school year.

Pfizer and BioNTech of Germany said that the vaccine trial data of nearly 2,300 teenagers aged between 12 and 15 will be submitted to the US Food and Drug Administration (FDA) in the next few weeks. At present, Pfizer -BioNTech vaccine has been approved by FDA and can be used urgently for people over 16 years old.

3, solved the case! The US Strategic Command tweeted garbled for Xiong Haizi.

[Fox News Network]On March 28, local time, the US Strategic Command Twitter sent a strange message, the original text was "; l; ; gmlxzssaw,”。 This tweet quickly triggered various speculations on the Internet. Some people suspected that the headquarters had inadvertently sent out the nuclear weapon launch code; Some people joked that this message was for aliens; Others "reasonably declined" that there was a cat stepping on the keyboard and "unintentionally" knocking down this line of words.

The US Strategic Command replied: At that time, the Twitter manager of the command was working remotely. Just when he left the computer for a short time and was still logged in to the Twitter account, his young children knocked down these characters and did not intend to send a tweet. In the end, the tweet was deleted, and before it was deleted, it had received 11,000 replies.

4. New York State Legislature Passes Marijuana Legalization Bill Governor: A Big Step.

【CNN】On the evening of the 30th local time, the Senate and the House of Representatives of New York respectively voted to legalize recreational marijuana, which will be submitted to New York Governor Cuomo for signing into law. According to the bill, adults in New York State who have reached the age of 21 will be legalized to use mahjong for entertainment, and residents can also grow marijuana at home according to the quantity requirements. In addition, the bill will abolish the conviction of holding no more than 3 ounces of marijuana in public places and automatically delete the criminal records of those convicted of possessing marijuana.

After the bill is signed, New York will become the 15th state to allow adults to use recreational marijuana. New York Governor Cuomo said the move was a "big step forward" for the state.

5. Biden’s dog has just returned to the White House and bitten again. It was sent back to his hometown for "aggressive behavior".

【CNN】On the afternoon of 29th local time, Biden’s sheepdog "Colonel" bit again after returning to the White House. It is reported that the incident occurred on the South Lawn of the White House, and the victim was an employee of the National Park Service who was working at that time. Subsequently, the White House medical department has inspected the employee, and he returned to work unharmed. Michael Larosa, Biden’s press secretary, told that the Colonel was still "adjusting (adapting) to the new environment".

Biden adopted the "Major" in an animal shelter in Delaware in November 2018. The "Major" is 3 years old and has shown exciting behaviors on many occasions, including jumping, barking and "attacking" staff and security personnel. Last November, Biden slipped and sprained his ankle while playing with "Major". At the beginning of March 2021, "Major" was sent back to Biden’s hometown in Delaware after his aggressive behavior in the White House, and was sent back to the White House soon after.

6. Russian registered the world’s first veterinary COVID-19 vaccine or mass-produced it in April.

Sputnik news agency & radio reported on the 31st that Savenkov, deputy director of the Russian Animal and Plant Health Supervision Bureau, announced that Russia had registered the world’s first COVID-19 vaccine for animals. It is reported that the vaccine, named "Carnivaccov", was developed by the Animal Health Center of the Russian Federation and did not show any side effects in the preliminary test.

It is reported that the clinical trial of the vaccine began in October 2020, involving dogs, cats, minks, foxes and other animals, and it is possible to start mass production in April. Companies from Greece, Australia, Poland, Canada, the United States and Singapore have expressed interest in buying.

7. The Utah Jazz charter plane was hit by a bird: the engine failed and there were many cracks in the fuselage.

【KUTV2】On the 30th local time, the Utah Jazz, an NBA basketball team, collided with a bird after taking off, resulting in engine failure and staged a moment of air fright. Fortunately, the crew turned off the affected engine in time, and finally the plane returned to Salt Lake City Airport safely. After landing, it was found that the nose was stained with blood, and cracks appeared in the nose and wing.

It is reported that the plane originally planned to fly to Memphis, Tennessee, in order to play an away game with Memphis Grizzlies on the evening of the 31st. Delta Air Lines, which is in charge of the accident flight, said that they are communicating with Utah Jazz to fly it to Memphis for the competition as soon as possible.

8. SpaceX test flight When the prototype of the 11th starship landed, it exploded and landed with loud noise and debris flying all over the sky.

【CNN】At 8: 00 am local time on the 30th, the test flight of "Star Boat" SN11 was carried out at the company’s R&D and test base in Bokachica, southern Texas. It is reported that SN11 successfully lifted off to a predetermined height of 6.2 miles after launch, but unfortunately the prototype exploded when it landed. The scene shows debris flying all over the sky. SpaceX engineer John Inspruk said that SN11 failed to land safely, saying that "all data on the spacecraft may have been lost".

SpaceX CEO Musk tweeted a few minutes after the crash: "At least the location of the crater is right!" It is reported that Musk has estimated that the "Star Boat" rocket project will cost about 5 billion US dollars. Since December 2020, SpaceX has carried out four "Star Boat" prototype test flights. In the previous three missions, SN8 and SN9 exploded when landing, and SN10 landed but then exploded.

9. A doorman in new york, USA, has been suspended for sitting idly by against Asian hate crimes.

【CBC】At about 11 noon local time on the 29th, a 65-year-old Filipino woman in midtown Manhattan, new york, was suddenly trampled down by an African-American man. The man also swore at the trampled woman and made racist remarks, but the security guards who witnessed the incident not only failed to help, but also closed the door from inside the building.

On the 30th, the broschi organization in charge of the building said that the doorman had been suspended and would investigate the matter with the trade union. According to a police statement, the Asian woman was seriously injured and has been transferred to new york University Langone Hospital, where she is in stable condition.

10. CDC announced that COVID-19 ranked third among the top ten causes of death in 2020.

According to the data released by the Centers for Disease Control and Prevention (CDC) on Wednesday (March 30th), in 2020, Covid-19 will be the third leading cause of death in the United States, after heart disease and cancer. The data shows that the virus caused nearly 378,000 deaths in the United States in 2020, accounting for 11% of the total death toll of 3.36 million in the United States. In 2020, heart disease killed about 700,000 Americans and cancer killed about 600,000 people.

Another analysis by the agency showed that 34% of COVID-19’s deaths were also attributed to complications caused by viruses, the most common being pneumonia and respiratory failure. In addition, as many as 80% of people who died of the virus had at least one potential health condition that led to their death, the most common being hypertension, diabetes and dementia.

11. Youtube refused to take off the shelves to encourage the robbery of Chinese song executives: no precedent can be set.

【ABC】Recently, employees of Youtube, a social media site, called for the deletion of the 2014 song "Meet the Flockers" by rapper YG, because it contained lyrics encouraging the robbery of Chinese. However, the appeal was rejected by company executives, who said that they must consistently implement the policy and "avoid setting a precedent that may lead us to remove many other music on YouTube."

When the song was published in 2014, no one paid attention to it, and two years later (2016), it triggered a condemnation from the Chinese American community. After causing controversy, this song was once deleted from Youtube by fans. On July 24, 2018, this song was rediscovered on Youtube through YG personal account. By 11: 00 am on March 31, 2021, Beijing time, the number of views had exceeded 110,000, with 3,344 likes and 3,644 clicks.

12. Volkswagen changed its name? Early April Fool’s joke!

Wall Street JournalAccording to the news released by Volkswagen’s American subsidiary on the 29th, in order to reshape the brand image, the company will change the letter K in its original name to T.. Volkswagen means "people’s car" in German, and the name change is to change "people" to "volt", which is the unit of voltage. The announcement said that the revised name will take effect in May, demonstrating the company’s determination to shift its focus to electric vehicles.

However, the press release about this news was quickly deleted from the company official website. Subsequently, the Wall Street Journal reported on the afternoon of 30th that the news of Volkswagen’s name change was a joke on April Fool’s Day, aiming at raising people’s awareness of Volkswagen’s electric vehicles and promoting the upcoming new electric SUV.

13. Married women don’t mind hiring a "man hug" husband for $80 an hour!

The sunA woman named saskia recently hired a professional man for $80 to "hug". According to saskia, she had to leave her husband for a while because of her acting career, and she soon began to feel "lack of touch" and turned to this special service. The woman’s husband doesn’t care about this. He said that they are one-on-one couples, and this hug will not interfere with the relationship between husband and wife.

It should be pointed out that this service is booming in the United States, and the number of requests for professional "hugs" reaches 200 every week.

14. The French Open is restored! Italy absconded for 7 years, and the Mafia was recognized by the police for indulging in cooking.

[Mirror]A 53-year-old member of the Italian mafia named Mark Phelan was wanted by the police and has been on the run for seven years. He fell in love with cooking while hiding, and he also liked to record the cooking process and share it with a YouTube channel created by him and his wife. In the video, he didn’t show his face, thinking that he was "invisible", but he forgot to cover his unique tattoo pattern. As a result, he was recognized by the police and tracked down, and he was arrested.

It is reported that seven years ago, the Italian prosecutor ordered his arrest on the grounds that he was suspected of trafficking drugs and cocaine for the "Ndrangheta Mafia". Since he fled, he has been living in seclusion in a quiet village in the Dominican Republic called Boca Chica. At present, Mark has been extradited to Italy and his YouTube channel has been closed.

15. A Brazilian couple had 14 boys in succession to form a football team.

According to the Brazilian media Uol, a couple in Bahia, Brazil, gave birth to 15 children, the first 14 of whom are sons. Because they love football, they formed a football team with these 14 sons. It is worth mentioning that the names of their 14 sons are Rodrigo, Ronaldo and Robson)…… … all of which begin with R. Cruz, a 44-year-old father, said that he got the name because these Brazilian stars with the R have brought happiness to the whole world.

Last September, the couple finally welcomed their first daughter, Layani, whose name also begins with R. The 39-year-old mother, Rusikred, said that it was finally complete. The couple said that now that they have daughters, they will not regenerate in the future.

Read the original text

Prison system/Junzhou

Editor/Derrick

Main broadcast/Zixuan

Compilation/Wenma, Derrick, Zavia, Amo, Wen Zhuo, Sanliun

Union chupin

Seattle Chinese Radio, USA

Chinese Radio Vancouver, Canada

　

　

Wen | Buer Research Institute Yi Xin Zi Qing

Following the price reduction of Tesla at the beginning of the year, in August this year, new energy vehicles once again set off a new wave of price reduction. Brand officials, such as Zero Run and Weilai, announced the price reduction, and the ideal was to "reduce the price in disguise" by releasing new cars.

On August 8th, LI (02015.HK) announced the second quarterly report of 2023. Although the net profit of the second quarter increased, its share price showed the opposite trend.

On the day of the financial report, its US stock price closed down by 8.62%; The next day (August 9), Hong Kong stocks closed down 5.52%.

As of August 14th, LI closed at HK$ 160.90 per share, corresponding to a market value of HK$ 335.4 billion (about RMB 311.1 billion).

According to the latest data released by Ideal, its delivery volume in the second quarter reached 86,533 vehicles, up 201.6% year-on-year and 65% quarter-on-quarter. In July, the delivery volume was 34,134 vehicles, up 227.5% year-on-year and only 4.7% quarter-on-quarter.

According to the announcement of LI, it is estimated that the delivery volume in the third quarter is only 100,000-103,000, equivalent to 33,000-34,500 vehicles per month. Based on this data, it is speculated that the growth of ideal monthly delivery volume may stagnate.

According to its second quarterly report, "Buer Research" found that in the second quarter of this year, LI’s revenue was 28.65 billion yuan, a year-on-year increase of 228.1%; The net profit was 2.31 billion yuan, turning losses into profits year-on-year, up 147.4% from the previous month.

In the second quarterly report, the ideal revenue doubled, but the strategy of re-marketing may continue. The R&D expenditure in the ideal second quarter was 2.43 billion yuan, up 58.4% year-on-year and 31% quarter-on-quarter. Sales, general and management expenses were 2.32 billion yuan, up 74.3% year-on-year and 40.4% quarter-on-quarter.

Source: official website, LI

At present, LI’s production capacity is limited to 8,000 vehicles per week, and the production capacity of parts suppliers has fallen into a bottleneck, which is also a challenge it faces in the second half of the year.

According to the financial report meeting in the second quarter, due to the development of economic situation and the upgrading of enterprise organization matrix at the beginning of the year, it is ideal to lower the planned annual sales target of 360,000 vehicles to 300,000 vehicles.

Today, the new energy vehicle has entered the second half, and the industry volume has been intensified; Although LI turned losses into profits year-on-year, how long can the story of its profitability be sustained and increased?

In March of this year, the new forces of building cars suffered a double crit.

The first crit comes from the continuous price reduction war of peer TSLA, and the second crit is the government-enterprise subsidy jointly initiated by Hubei Dongfeng. The fuel vehicle market is "chaotic", which makes new energy vehicles suffer crit.

As one of the Three Musketeers, a new force in car-making, LI has previously published the 2022 annual report and the first quarterly report in 2023. Although the revenue in 2022 has achieved substantial growth, it is still at a loss.

According to its financial report, "Buer Research" found that in 2022, LI’s revenue was 45.29 billion yuan, a year-on-year increase of 67.7%; In the same period, its net loss was 2.03 billion yuan, up 531.42% year-on-year, making it the most serious year since the listing of US stocks in 2020.

Among them, the ideal automobile sales revenue in 2022 is 44.106 billion yuan, accounting for 97.39% of the total revenue. According to "Buer Research", due to the increase in R&D investment and rising operating costs in 2022, the automobile sales revenue failed to catch up, which led to the further expansion of LI’s net loss.

Under the new energy automobile track, it still takes time to accumulate and reserve funds to transform R&D investment into automobile production capacity.

Although the capital reserve has been expanded after the dual listing, more and more car-making competitors and intensified competition in sub-sectors seem to be shortening the ideal "new" time window.

01 landing in Normandy

In 2015, after leaving office in car home, Li wanted to start a business again, aiming at the field of new energy vehicles. At that time, Tesla was in the limelight, and many Tesla "fans" emerged in China.

Source: LI founder-Li Xiang-LI Guan Wei

Since then, Li Xiang’s brand ideal of new energy vehicles has stood out, and he, together with Weilai Automobile and Xpeng Motors, has been called "Three Musketeers".

In 2019, when the ideal first car, Li ONE, was officially launched, Li Xiang said frankly, "I have been in business for 20 years, and today is my most nervous day, and it is also the Normandy landing day of the company".

In July 2020, above the new energy outlet, it was ideal to land on Nasdaq in the United States, and the IPO was priced at $11.5 per share, with the highest increase of more than 50% on the first day of opening.

On August 12, 2021, LI landed on the Hong Kong Stock Exchange, becoming the second new car-making force to achieve dual listing in Hong Kong stocks after Xpeng Motors.

Although the new energy outlet is still there, the competition of the Three Musketeers, a new force to build cars, is intensifying. Compared with the increasingly full product matrix of Weilai and Tucki, the outside world is quite worried about the ideal car-making pace: the 2020 Li ONE that landed in Normandy has been sold for nearly three years, and the ideal finally got the new 2021 Li ONE.

Source: official website, LI

According to the ideal quarterly report in 2023, its total revenue in the first quarter was 18.79 billion yuan, up 96.5% year-on-year and 6.4% quarter-on-quarter. In the same period, the net profit was 934 million yuan, turning losses into profits. In addition, the ideal annual gross profit margin in the first quarter of 2023 is still declining.

According to "Buer Research", the ideal main revenue source is vehicle sales, and its vehicle sales revenue in the first quarter of 2023 was 18.33 billion yuan, accounting for 97.55% of the total revenue.

The increase in sales revenue in LI is mainly due to the increase in delivery volume in the first quarter and the increase in the average selling price of ideal L series models. In addition, the revenue and delivery have been greatly improved, which has also enabled LI to turn losses into profits.

Entrepreneurship means choosing the path of extended-range technology and relying on an extended-range electric vehicle to conquer the world. The ideal can be described as a different kind among the three musketeers, a new force in building cars. However, the increasingly strict policy supervision is like the sword of Damocles hanging overhead, and it is ideal to make up for the autopilot technology.

Li Xiang once said frankly, "In terms of autonomous driving, compared with Tesla and Tucki, we have to make up lessons." According to the plan, this year’s ideal research and development is continuously invested; In the first quarter, its R&D expenditure was 1.85 billion yuan, up 34.8% year-on-year; In the second quarter, its R&D expenditure was 2.43 billion yuan, a year-on-year increase of 58.4%.

When the market structure of the new force of car-making is initially determined, the competition of new energy vehicles has entered the second half: the sales and mass production targets of 280,000-300,000 vehicles, and the fierce competition of autonomous driving technology.

As a supporter of the "10,000-hour Law", Li Xiang once wrote in Weibo, "I have trained more than 60,000 hours in the automobile industry since 2004, and I am more confident in my major".

It seems that the capital market that votes with its feet is not satisfied with Li Xiang’s "10,000-hour law".

By comparing the PE value (P/E ratio) and the PB value (P/B ratio) of the Three Musketeers, a new car-making force, it was found that by the close of the US stock market on August 12th, EDT, except LI, the PE values of the new car-making force were all negative, with the PB values of Tucki 2.81, Ideal 6.23 and Weilai 7.63 in turn, while the PB value of Tesla was 15.06.

Among the three musketeers, the ideal PB value ranks second, which is about 1/10 of Tesla PB value. The higher the PB value, the higher the valuation of enterprises in the capital market.

As of August 12th, EST, the US stock market closed, with an ideal market value of $42.18 billion, while Tesla’s market value has passed the $700 billion mark.

02 on the new speed.

On May 25th, 2021, Ideality released the 2021 Li ONE in Beijing, which was different from the enthusiastic conference site. The capital market reacted coldly and fell immediately after the opening of the day. Only one day later, it is ideal to announce the financial report for the first quarter of 2021, from profit to loss.

"Li Xiang, you owe an explanation to the owner who picked up the car in April and May." After the release of the 2021 Li ONE, Li Xiang’s Weibo was overwhelmed by the owner’s doubts.

According to the ideal plan, after the production and sales of the 2021 Li ONE model begin, the production of the 2020 model will stop. The car owner who just bought the old model of Li ONE soon felt that he had been "cleared of inventory" by routine. Although it is ideal to provide four paid upgrade schemes for old car owners, it still cannot satisfy the skeptics.

In August of the same year, a similar scene was once again staged in the ideal riders group: the prospectus revealed that the ideal will launch a new full-size SUV in 2022, and compared with the existing products, the size, hardware and intelligent configuration have been improved in many aspects.

Source: LI Guanwei

To some extent, the rapid iteration of new energy vehicles is accelerating the depreciation of the value of the previous generation models. Anxiety, confrontation and other emotions spread between riders waiting for a full-size new car and owners who have already picked up the car.

According to "Buer Research", the innovative technology of new energy vehicles is both a spear and a shield. Compared with traditional cars, the product cycle of new energy vehicles is shorter; How to balance customer perception and product iteration has also become an ideal test.

However, the other side of the coin is the risk brought by the thin product line, and any fluctuation in Li ONE may trigger a chain reaction.

In order to change this situation, it is ideal to replace Li ONE with L8 and L9 from the second half of 2022.

In the fourth quarter of 2022, the ideal delivery volume was 46,319 vehicles, a year-on-year increase of 31.5%; In the same period, Weilai and Tucki delivered 40,052 vehicles and 22,204 vehicles respectively, both of which increased year-on-year.

By the end of 2022, it is ideal to deliver 133,246 vehicles throughout the year, up 47.2% year-on-year; Although it did not reach the expected goal of LI, it was slightly ahead of Weilai Automobile’s 122,486 vehicles and Xpeng Motors’s 120,757 vehicles in terms of the number of deliveries in 2022.

By the end of January this year, LI’s monthly sales even exceeded the combined monthly sales of Weilai Automobile and Xpeng Motors.

In the first quarter of this year, the ideal delivery volume was 52,584 vehicles, a year-on-year increase of 65.8%; The deliveries of Weilai and Tucki in the same period were 31,041 and 18,230 respectively.

The outbreak of black swan is only a small probability event. If compared with the same industry, to some extent, the large data fluctuation of ideal sales revenue is related to its single product structure.

In the view of "Buer Research", in the early stage of starting a business, the 2020 Li ONE solo combat can unite all the superior resources; However, due to the lack of product matrix, ideal is losing its position in the price range, and it is easy to fall into the situation of weak subsequent growth.

Expanding the product matrix is imminent. On August 3 this year, it officially launched the ideal L9 Pro. According to the ideal plan, it is expected to launch the first pure electric vehicle MEGA； by the end of 2023. And in 2024, four new cars will be released, including an extended-range SUV and three pure electric models.

Source: official website, LI

It is not easy to "upgrade" new energy vehicles, and R&D investment is similar to "arms race"; Only from the number of patents and invention patents in 2020, the ideal is relatively backward.

Intelligent driving is the focus of LI’s current layout. This year, the ideal plan is to land the "NOA" function in 100 cities.

At present, LI has successfully opened the urban NOA internal test in Shanghai and Beijing, and completed the first test drive of urban NOA and commuter NOA in Beijing. It is expected that in the third quarter, Ideal will also open the commuting NOA function to "early bird users".

In the view of "Buer Research", when the potential of new energy vehicle track is highlighted, attracting many car-making forces to enter the market, the competition in market segments will become more intense.

Regardless of the technical path, ideally, the time window of the new product matrix is limited, and it is urgent to find a balance between iterative novelty and customer perception.

03 Flag of Li Xiang

In February 2021, Li Xiang said in an internal letter that by 2025, it is ideal to win 20% of the market share and become the first intelligent electric vehicle enterprise in China; In 2030, it will go further and become the first intelligent electric vehicle enterprise in the world.

In the second quarter of this year, Li Xiang set a new Flag: the ideal total sales this year will exceed the target at the beginning of the year by 10%-20%. The ideal target at the beginning of the year is annual sales of 306,000 vehicles, and the adjusted sales volume is expected to be 336,000-366,000 vehicles.

According to the latest data released by Ideal, its delivery volume in the second quarter reached 86,533 vehicles, up 201.6% year-on-year and 65% quarter-on-quarter. And delivered 34,134 vehicles in July.

In terms of production capacity closely related to the delivery volume, the "Buer Research" found that the annual production capacity of the ideal Changzhou factory in 2020 will be about 100,000 vehicles, and the annual production capacity of the factory will increase to 200,000 vehicles after upgrading.

After the release of Q3 financial report in 2022, Shen Yanan, the ideal co-founder and president, announced his resignation. He helped LI choose to build his own factory in Changzhou. This adjustment is regarded as a large-scale change since the establishment of Ideal.

At the ideal second-quarter financial report meeting on August 8, Li Xiang said that at present, due to the influence of supplier supply, the production capacity is in a bottleneck.

Earlier, there were media reports that Ideality was contacting Beijing Hyundai and hoped to receive its first factory that had stopped production. At present, the Beijing base is expected to be officially put into production at the end of this year. In addition, it is reported that the production plan of the ideal third factory, Chongqing production base, has stopped.

According to "Buer Research", if we want to achieve production and sales of 1.6 million vehicles in 2025, we need a strong production capacity reserve. The only Changzhou factory and Beijing factory may not have enough production capacity to carry their delivery demand, so the construction of new factories is imminent.

Previously, compared with the other two new car-making forces, the ideal offline layout was not dominant and is currently accelerating.

By June 30, 2023, LI had operated 331 retail stores covering 127 cities. In addition, LI operates 323 after-sales maintenance centers and authorized car body and painting centers in 223 cities.

When Internet companies such as Baidu and Xiaomi went off to build cars one after another, the war of new energy vehicles intensified. Regarding the cross-border showstopper, Li wants to speak frankly about the car, saying that the car sales can’t be faked, and the final development depends on the final product.

Although LI is speeding up its running, will Li Xiang’s Flag fall down under many skinny realities?

"Ideal" meets the cold reality

Although the ideal delivery volume since 2023 has been leading the new domestic car-making forces, LI still considers 2023 as "Alexander". In particular, the head car companies headed by Tesla started a price war, which caught the industry off guard.

However, as a "hardware for traffic portal, software for charging service", Tesla model seems to bring new imagination space for new energy vehicles.

When the income of Tucki XPILOT software and Weilai NIOPILOT software increased, Li Xiang declared: "The new Li ONE autopilot is standard, and the future ideal will not charge for autopilot".

"With the development of smart cars, there will be more and more usage scenarios for users and more and more business models." Li wants to put his hopes on another possibility of business model innovation, but it needs to be built on the basis of ownership.

Che Gewana once said, let’s be loyal to our ideals and face reality. On the increasingly crowded track, Li wants to be loyal to his ideals, but he also needs to face reality: the day after tomorrow of new energy vehicles is beautiful, and today is very difficult. The key is whether he can survive tomorrow.

Some references in this article:

1. LI, Sorry for the Old Car Owner, Sina Technology.

2. Li Xiang with Ideal, Taber.com.

3. "The listing price of LI and Hong Kong is HK$ 118, which is 21.3% lower than the suggested subscription price", Caixin.com.

5. "LI’s second-quarter earnings revenue increased significantly, and the decline in US stocks reflected investors’ concerns", interface news.

6. Ideal sells crazy, but it can’t relax its vigilance. Connect sight.

Nearly 950 days after Lei Jun announced that he would "put all his reputation on the line", Xiaomi Automobile finally arrived.

On November 15th, the Ministry of Industry and Information Technology publicized the declaration list of the 377th batch of new products in the Announcement of Road Motor Vehicle Manufacturers and Products, among which two pure electric cars with Xiaomi brand appeared.

According to the public information, the models of the two Xiaomi brand cars are SU7 and SU7 Max/Pro respectively. In terms of size, the length, width and height are 4997mm, 1963mm and 1455mm, respectively, and the wheelbase is 3000mm, so they are positioned as C-class cars.

In terms of power battery, SU7 is equipped with BYD’s lithium iron phosphate battery, while SU7 Max/Pro is equipped with Contemporary Amperex Technology Co., Limited’s ternary lithium battery; As for the motor, the motor on SU7 comes from United Automotive Electronics Co., Ltd., and the peak power of the driving motor is 220kW, while the motor on SU7 Max/Pro comes from Suzhou Huichuan United Power System Co., Ltd., and there are two power options: 220kW and 275kW.

According to the information disclosed by the Ministry of Industry and Information Technology, the production address of Xiaomi Automobile is "No.21 Courtyard, Huanjing Road, Beijing Economic and Technological Development Zone". It is also reported that Xiaomi’s automobile factory in Yizhuang, Beijing is under construction. The construction of the project is divided into two stages. The first stage began in April 2022 and has begun to take shape. According to Xiaomi’s previous plan, Xiaomi Automobile will be listed in the first half of next year.

The official announcement of Xiaomi Automobile is more exciting than rice noodles in the secondary market. As early as two months ago, the concept of Xiaomi Automobile OEM was heated up by the market. In early November, the news that BAIC Group executives were photographed by the media to attend the closed meeting in Xiaomi Science Park added new evidence to the "rumor that BAIC OEM Xiaomi Automobile", but from the current point of view, Xiaomi Automobile did not choose the direction of OEM.

Although the trademark of Xiaomi’s new car is "Xiaomi Brand", the name of the declared enterprise is Beijing Automotive Group Off-road Vehicle Co., Ltd.. In this regard, industry insiders said that Xiaomi may not solve the problem of production qualification for the time being, and needs the production qualification provided by BAIC. To obtain production qualification, it generally depends on acquiring other automobile brands or taking the OEM route, or obtaining qualification through self-built factories. Xiaomi chooses the latter, which takes a certain amount of time and process, but the products should seize the window period to grab the market, so Xiaomi may continue to apply for independent qualification while using BAIC’s qualification for production.

After Xiaomi’s official announcement on November 15th, Beiqi Blue Valley, the concept of Xiaomi’s OEM, also opened higher and went lower on the 16th, closing up slightly by 0.27%. However, the Xiaomi automobile industry chain has ushered in a collective carnival. According to media reports, insiders revealed that Lei Jun set a sales target of 100,000 vehicles for Xiaomi automobile in 2024 and delivered a total of 900,000 vehicles in the next three years. Such a considerable sales scale naturally brings direct benefits to enterprises in the Xiaomi automobile industry chain, and the capital market has turned to pay more attention to Xiaomi automobile industry chain enterprises.

On the 16th, Jiayun Technology, which cooperated with Xiaomi in marketing, and the co-creation data of smart camera products which cooperated with Xiaomi Eco-chain Enterprise (Chuangmi Technology) all had a daily limit of 20cm, and Yinbaoshan, which provided structural products for Xiaomi, had a new daily limit, while companies that directly provided parts for Xiaomi’s car-making were mixed. According to public information, Titanium Media App has sorted out the list of some enterprises related to Xiaomi automobile industry chain:

Kaizhong stock (603037.SH)

11

Month 1

six

Daily rise and fall: 1

0.00%

Latest market value: 3

5.82

a hundred million

The company is mainly engaged in the design, R&D, production and sales of shock-absorbing components of automobile chassis suspension system and lightweight pedal assembly of control system, as well as the R&D, production and sales of special polyurethane elastomers such as high-performance polyurethane load-bearing wheels in the field of non-automobile parts.

The company’s vibration damping products have synchronous development business with Xiaomi Automobile, and the online control dynamic product field invested by the company has synchronous development business with Xiaomi Automobile.

Aotejia (002239.SZ)

11

Month 1

six

Daily rise and fall:

10.07%

Latest market value: 9

9.24

a hundred million

The company is mainly engaged in the research, development, production and sales of various automobile air-conditioning compressors and automobile air-conditioning systems.

In September 2023, Aotejia said on the interactive platform that Xiaomi Automobile is a company customer, and according to the current fixed-point situation, it is expected to provide automotive thermal management products to this customer.

Pengling shares (300375.SZ)

11

Month 1

six

Daily rise and fall:

7.22%

Latest market value:

49.33

a hundred million

The company is an automobile parts supporting enterprise integrating design, research and development, production and sales. The main products are automobile fluid pipes and sealing parts.

The company said that it will provide fluid pipeline products for Xiaomi Automobile.

Yachuang Electronic (301099.SZ)

11

Month 1

six

Daily rise and fall:

6.60%

Latest market value:

45.88

a hundred million

Authorized distributor of electronic components, the specific products include photoelectric devices, memory chips, passive components and discrete semiconductors, etc. The products are mainly used in the field of automotive electronics.

The company said that it has indirectly carried out business cooperation with Xiaomi Automobile, and it is now in a small batch stage.

Liyuan Information (300184.SZ)

11

Month 1

six

Daily rise and fall:

-5.69%

Latest market value:

80.32

a hundred million

Mainly engaged in the promotion, sales and application services of IC and other electronic components.

The products of ROHM (Roma), JAE (Avionics) LUMILEDS (Lumens), KDS (Vacuum), ST (Italian), ON (On) are directly and indirectly supplied to Xiaomi and its foundries, which are mainly used in various terminal products of Xiaomi. For Xiaomi Automobile, at present, the company only carries out pre-sample delivery and small supply, and the company will continue to pay attention to the cooperation with Xiaomi Automobile.

Faw fuwei (600742.SH)

11

Month 1

six

Daily rise and fall:

1.08%

Latest market value:

76.31

a hundred million

Products include the design, research and development, manufacture and sales of automobile parts such as automobile seats, instrument panels, door panels, seat frames, bumpers, grilles, rearview mirrors, auto filter, automobile lighting devices, automobile stamping products, wheel assemblies, automobile electronics, etc.

The company said that a number of molecular companies have entered the purchasing group of Xiaomi Automobile, but they have not obtained the mass production business of Xiaomi Automobile.

Weifu Hi-Tech (000581.SZ)

11

Month 1

six

Daily rise and fall:

0.25%

Latest market value:

163.12

a hundred million

The main business products are diesel fuel injection system products, automobile exhaust aftertreatment system products and intake system products.

The company indirectly shares the enterprise United Automotive Electronics Co., Ltd. as the supplier of Xiaomi automobile engine.

Wanxiang Qian Chao (000559.SZ)

11

Month 1

six

Daily rise and fall:

0.18%

Latest market value:

181.71

a hundred million

Specializing in the production of chassis and suspension system, automobile braking system, automobile transmission system, automobile fuel exhaust system, hub unit, bearings, precision parts, construction machinery parts and other automobile system parts and assemblies.

The company said that the fast drive shaft products have been supplied to Xiaomi Automobile.

Huayu automobile (600741.SH)

11

Month 1

six

Daily rise and fall:

-0.40%

Latest market value:

548.89

a hundred million

The main business covers automobile interior and exterior accessories, metal forming and molds, functional parts, electronic and electrical parts, hot working parts, new energy sources, etc.

The company’s products have been partially supplied by Xiaomi automobile related models.

Yin Lun stock (002126.SZ)

11

Month 1

six

Daily rise and fall:

-0.66%

Latest market value:

143.99

a hundred million

Specializing in research and development, manufacturing and sales of various heat exchangers and tail gas aftertreatment products.

In October 2023, when asked whether it had business dealings with Xiaomi Automobile, the company indicated that it had obtained several orders for thermal management products from customers.

Jin Rong Tian Yu (300988.SZ)

11

Month 1

six

Daily rise and fall:

0.13%

Latest market value:

32.76

a hundred million

Focus on technology research and development, manufacturing and product sales of precision metal parts and new energy storage products in the whole industry chain.

In September 2023, the company said on the interactive platform that it had obtained the supporting business of new energy vehicle products such as Xiaomi in the field of new energy vehicles.

The supplier of lithium iron phosphate battery for Xiaomi Automobile is Foday Battery, a wholly-owned holding company of BYD.

Huichuan Technology (300124.SZ)

11

Month 1

six

Daily ups and downs:-

1.10%

Latest market value:

1627

a hundred million

Specializing in industrial automation and new energy related products research and development, production and sales.

Xiaomi automobile engine suppliers include Suzhou Huichuan United Power System Co., Ltd., a holding subsidiary of the company.

Shangluo Electronic (300975.SZ)

11

Month 1

six

Daily rise and fall:

6.50%

Latest market value:

57.87

a hundred million

Mainly for electronic product manufacturers in network communication, consumer electronics, automotive electronics, industrial control and other application fields, providing them with electronic components.

At present, the company indirectly supplies electronic components such as resistance-capacitance sensor, diode and power chip to Xiaomi automobile through Tier1 supplier.

Aerospace Zhizao (300446.SZ)

11

Month 1

six

Daily ups and downs:-

4.52%

Latest market value:

126.53

a hundred million

The main business includes the production and sales of information anti-counterfeiting materials, electronic functional materials and fine chemical materials.

On July 22, 2023, the company said on the interactive platform that its subsidiary Aerospace Molding has successfully entered the supplier system of Xiaomi Automobile and carried out collaborative design of interior and exterior decoration products, and some products have obtained mass production orders.

Haiteko

(

301022.SZ

)

11

Month 1

six

Daily fluctuation: 3.60%

Latest market value: 2.702 billion

Mainly engaged in research and development, design, manufacture and sales of injection molds and plastic parts.

Haitaike said on the interactive platform that the company’s automobile injection mold has been applied to new energy vehicles such as Xiaomi.

Xingyuan zhuomei

(

301398.SZ

)

one

one

Month 1

six

Daily rise and fall

：

-4.04%

Latest market value:

4.842 billion

Xingyuan company has a very mature process system in automobile cylinder, bracket mold, gasoline engine cylinder mold and aluminum radiator mold.

According to the records of the company’s investor relations activities in January 2023, the major domestic new energy vehicle brands under development and expansion include Xiaomi Automobile.

Electrical alloy

（300697.SZ）

11

Month 1

six

Daily fluctuation: 1.96%

Latest market value: 38.17

a hundred million

The main business is the research and development, production and sales of copper and copper alloy products. The main products are divided into electrified railway catenary series products and copper bus series products.

The semi-annual report of 2023 shows that the high-voltage connectors produced by the company are indirectly used in Xiaomi Automobile.

Xiangxin technology

(

002965.SZ

)

11

Month 1

six

Daily fluctuation: -0.95%

Latest market value: 8.351 billion

Specializing in research and development, production and sales of precision stamping dies and metal structural parts.

The company said that it has established a cooperative relationship with Xiaomi Automobile.

Molding technology

(

000700.SZ

)

11

Month 1

six

Daily fluctuation: 3.20%

Latest market value: 8.005 billion

Mainly engaged in the production and sales of car bumpers, rubbing strips and other automotive decorative parts.

BAIC Molding, the company’s shareholding enterprise, is a supplier of Xiaomi automobile.

Demaishi

(

301007.SZ

)

11

Month 1

six

Daily rise and fall:

-1.17%

Latest market value: 2.984 billion

Our main business is research and development, production and sales of precision shafts and precision cutting parts.

The company said that the company’s products are not directly supplied to Xiaomi Automobile, but a directional screw produced by the company was finally used in Xiaomi Automobile.

BYD (002594.SZ)

11

Month 1

six

Daily ups and downs:-

0.14%

Latest market value:

6937

a hundred million

The layout covers the fields of automobiles, batteries, electronics, new energy and rail transit.

The supplier of lithium iron phosphate battery for Xiaomi Automobile is Foday Battery, a wholly-owned holding company of BYD.

Contemporary Amperex Technology Co., Limited (300750.SZ)

11

Month 1

six

Daily ups and downs:-

1.81%

Latest market value:

7967

a hundred million

Focus on the research and development, production and sales of power battery systems and energy storage systems for new energy vehicles.

The company supplies ternary lithium-ion batteries for Xiaomi Automobile.

(Author | Li Jian)

Tiemenguan (Uzbekistan): the border wall of Sogdian.

Time:June 18th (Friday) 16:00-18:00

Location:Wechat group of ancient Chinese and Western Asia series lectures

Speaker:Claude Rapin (archaeologist)

This lecture will focus on the wall of an artificial building next to tiemenguan, near Derbent, located in Besson, Uzbekistan. For ancient China people, tiemenguan was an important checkpoint on the Silk Road that passed through Central Asia and led to South Asia. Xuanzang and Qiu Chuji passed through this pass when they traveled westward, and Genghis Khan once camped here. By collecting archaeological data and rereading ancient texts, Claude Rapin will lead us to understand this side wall and its long-term evolution at the administrative, political and military levels. He will also lead us to discuss some controversial academic issues, such as the Sogdian territory in the pre-Guishuang period and the boundary definition from ancient times to the present.

Ethnic Politics and Imperial Examination Society —— A Study Meeting of Another Scholar

Time:14:00 on June 19th (Saturday)

Location:Tencent conference

Speaker:Iiyama Zhibao (Professor, School of Literature, Waseda University, Japan)

"Another Scholar —— North China Society and Imperial Examination System in Jin and Yuan Dynasties" mainly investigates the overall atmosphere and environment of Han intellectuals under the rule of northern minorities in Jin and Yuan Dynasties. The author Iiyama knows Bao, mainly engaged in the study of social history of northern China from the 10th to the 17th century. On Saturday afternoon, Iiyama will talk with several guests online about this new book.

More than Loneliness, Talking from a Failed Father —— A Live Conversation of Father on the Moon, a collection of fantastic fantasy stories in the near future

Time:19:30 on Sunday, June 20th.

Location:Sina Weibo, Aauto Quicker, Tik Tok

Guest:Hu Xiaojiang (illustrator) and Chen Zhiwei (writer and editor)

Father on the Moon is a collection of novels with pictures and texts, which consists of 86 paintings and 44 novels. Stories interweave with each other and run in parallel. Besides the story of the father on the moon, there are many stories permeated with loneliness. Illustrator Hu Xiaojiang used novel writing to complete image narration and told a series of wonderful fantasy stories. On June 20th, Father’s Day, we invited author Hu Xiaojiang and editor Chen Zhiwei to talk about a failed father and share the surreal world full of desire and alienation in the book.

An Inscription of Uighur Language in the Northwest of the Five Dynasties, Song and Yuan Dynasties —— Research and Prospect

Time:19:00 on Monday, June 21st.

Location:Tencent conference

Speaker:Bai Yudong (Professor, Institute of Dunhuang Studies, Lanzhou University)

Taking the grottoes and temples in Dunhuang, Turpan, Beiting and Hohhot as the core, a number of multilingual inscriptions from the Five Dynasties, Song and Yuan Dynasties remain in the northwest. Inscriptions reflect the political power structure that supported grottoes and temples in history, as well as the belief of Buddhists, etc. They are precious historical materials. Among them, Uighur inscriptions are second only to Chinese in number, and the characters used include Runi, Uighur, Syrian, Brahmi and so on. Some of these inscriptions support the title of the Uighur ruling class of Buddhism, some reflect the writer’s belief background of Manichaeism, Nestorianism and Buddhism, and some are prayers. The interpretation and study of these inscriptions will help to describe the tour route of Uighur Buddhists and the history of Wutai Mountain belief, explore the real origin of "Shazhou Uighur" in the middle and late 11th century, show the real scene of the integration of Manichaeism, Nestorianism and Buddhism along the Silk Road, and dig out the truth of the spread and blending of Chinese and Tibetan Buddhism in the northwest. The historical linguistic value of these inscriptions needs to be further explored.

How do people think about getting old-the art of getting old gracefully

Time:June 22nd (Tuesday) 19:30-21:00.

Location:Tencent conference (ID: 310837637)

Guest:Jin Huiming (translator) and Chen Jiayu (book editor)

All living things get old, and only people think about getting old. Life is an art, including the art of getting old and finally the art of dying. On June 22nd, I read The Art of Graceful Aging: A Little Philosophy of a Better Life with translator Jin Huiming and book editor Chen Jiayu to understand and learn the philosophy of aging.

Attachment: Preview of offline activities

Beijing | Photography and the Forbidden City

Time:15:00 on Friday, June 18th.

Location:Room 208, Peking University Jingyuan Second Hospital, No.5 Summer Palace Road, Haidian District

Speaker:Xu Jianing (Historical Imager)

As a special building complex, the Forbidden City will almost become the focus of photography at every major node in China’s history. The barrier between China court and photography, a western art, was gradually broken in the long years of 50 or 60 years. In this process, we can see that photography made initial contact with court officials in the southern port city, which is far from the center of the empire. Slowly, more and more princes and ministers left personal images in front of the camera, and finally the queen mother, emperor and their daily activities, who were at the core of power, were included in the camera. This inevitable process of opening up in today’s understanding is clearly reflected in the photos about the Forbidden City and the royal family. These photos are kept as many aspects of historical research in different periods, and there is also room for discussion.

Beijing | Sinking Age, How to Move Forward —— Reading Sharing Meeting of Sinking Age

Time:June 19th (Saturday) 14:00-16:00

Location:PageOne Bookstore 2F, No.28 Chengfu Road, Haidian District

Guest:Liu Suli (founder of Wansheng Bookstore), Liang Wendao (writer and media person) and Yan Fei (associate professor, deputy dean and doctoral supervisor of Tsinghua University Sociology Department).

Economic stagflation and oil crisis, cocaine plague and AIDS spread, Internet bubble and Iraq war, manufacturing decline and subprime mortgage crisis, occupation of Wall Street and the rise of the Republican Party-in the past three decades, the United States, as the world hegemon, has faced many challenges, and "whether the United States is declining" has become a topic that will never decline. The sinking elegy of this generation and the social changes in the past 30 years have all been written into the nonfiction masterpiece The Age of Sinking by George Parker, winner of the American National Book Award. If the world is sinking, how should ordinary individuals move forward? This Saturday, we will invite three guests from different fields, Liu Suli, Liang Wendao and Yan Fei, to analyze the changes in the inner layer of American society and re-recognize a real America outside Hollywood by interpreting The Sinking Age.

Beijing | Unparalleled Dance —— The release and sharing session of the new book "Fire Rejects Heaven: Gilbert’s Poems"

Time:June 19th (Saturday) 14:30-16:30

Location:5F One-way Space of Chaoyang Joy City, No.101 Chaoyang North Road, Chaoyang District

Guest:Duo Duo (Poet) and Leng Shuang (Associate Professor, School of Arts, Minzu University of China)

There are many contemporary poets in the United States. In contrast, Jack Gilbert doesn’t have a loud label, but people keep calling for "revaluation" and "rescue" Gilbert. The latest book "Fire Rejects Heaven: Gilbert’s Poems" combines two important poems of the poet "Fire" and "Rejects Heaven". On the afternoon of June 19th, I came to one-way space and listened to many famous poets. The poet and poetry critic Leng Shuang shared Gilbert’s poems with you and told about this legendary poet …

Beijing | Creative Workers’ Chat —— Talking about creative things with creative veteran cadres

Time:June 19th (Saturday) 14:30-16:30

Location:Building Investment Bookstore, Floor 2, East Tower, Century Fortune Center, Building 1, Yard 5, Guanghua Road, Chaoyang District

Guest:Dongdongqiang (creative worker), Hu Yongqiang (creative senior director of Huge Engine Marketing) and Shi Benying (creative director of Ogilvy Advertising Group).

Copywriter, or many creative workers, one of the biggest puzzles in their work is that they can’t find the criteria for judging creativity. Many times there is no direction, so we can only speculate without a clue. In Dongdong gun’s view, "self-cultivation is the foundation, and it is not just the foundation. Sometimes it is better to achieve the highest level than to cultivate. Part of the cultivation at that time refers to whether you can still stick to those basic correct understandings. " On June 19th, Jiantou Bookstore and CITIC Publishing House presented the reading salon of Basic Accomplishment of Copywriting for readers, and invited three guests, namely, author Dongdong Gun, creative senior director of Huge Engine Marketing, Hu Yongqiang and creative director of Ogilvy & Mather Advertising Group, to talk about creative work and its basic accomplishment.

Beijing | Prehistoric Modernization —— Back to China 10,000 years ago

Time:June 19th (Saturday) 14:30-16:30

Location:Lecture Hall, Floor 2, Building A, Capital Library, No.88 East Third Ring South Road, Chaoyang District

Speaker: Chen Shengqian (Professor, Department of Archaeology and Culture, School of History, Renmin University of China)

If we had the chance to travel to China 10,000 years ago, what would we see? It was another major social change comparable to our current modernization process: human beings have adapted from hunting and gathering life for millions of years to agricultural production. China and West Asia are the two earliest centers of agricultural origin in the world. The agricultural origin of prehistoric China profoundly influenced the development of China culture. Back in China 10,000 years ago, we will also see other diverse cultural adaptation choices, which were the harbingers of the later pluralistic and integrated Chinese civilization. Understanding the process of prehistoric modernization is a key for us to understand the formation of China’s cultural tradition.

Beijing | New Book Launch Conference of "The Past is Clear, the Qindi Tall Building-Cha Fuxi and Zhang Chonghe"

Time:15:00 on June 19th (Saturday)

Location:Floor 2, Sanlian Taofen Bookstore, No.22 Art Museum East Street, Dongcheng District

Guest:Sun Guisheng (Guqin), Shen Longzhu (the eldest son of Mr. Shen Congwen), Zhao Heng (a scholar of literature and history), Yang Zhishui (a researcher at the Literature Institute of China Academy of Social Sciences), Yan Shiyi (the granddaughter of Mr. Cha Fuxi) and Yan Xiaoxing (a scholar of Guqin art history and a media person).

Yan Xiaoxing, a scholar and media person, wrote a new book "The past is clear, the piano and flute are high-rise-Chafuxi and Zhang Chonghe", which meticulously depicts a story in the history of guqin art in the 20th century, truly presents the little-known life experience of Chafuxi, a great guqin player, reproduces the elegance of ancient China in the chaos, and perfectly reproduces Zhang Chonghe’s long handwritten score. On Saturday afternoon, he will invite Mr. Cha Fuxi’s granddaughter Yan Shiyi, the guqin player Sun Guisheng, the eldest son of Mr. Shen Congwen, and scholars of literature and history Zhao Heng and Yang Zhishui to visit Sanlian Taofen Bookstore to share this new book with readers.

Beijing | "It doesn’t belong to any type, but it is all-encompassing" —— A new book sharing meeting of The Book of Problems and The Book of Similarity by French postmodernism master Edmund Jabes

Time:June 19th (Saturday) 15:00-17:00

Location:SKP RENDEZ-VOUS, 4th floor, Beijing SKP Shopping Center, No.87 Jianguo Road, Chaoyang District

Guest:Liu Nanqi (translator), Yu Zhongxian (writer and translator), Wang Jiaxin (poet, translator and critic), and Yang Fang (editor and translator).

Edmund Jabes’s writing is of great personal characteristics and style. On June 19th, we invited several guests to visit SKP in Beijing to discuss the rich literary, historical and philosophical implications behind The Book of Problems and The Book of Similarity written by Edmund Jabes, a French postmodern master.

Beijing | Desire and Compassion in Jin Ping Mei

Time:June 19th (Saturday) 19:00-21:00.

Location:SKP RENDEZ-VOUS, 4th floor, Beijing SKP Shopping Center, No.87 Jianguo Road, Chaoyang District

Guest:Liu Xiaolei (university teacher and writer) and Zhuang Qiushui (writer and producer)

Jin Ping Mei is an absolutely realistic and honest work, but it becomes full of twists and turns and challenges in reading because it is too honest. Jin Ping Mei, as a desire, always reminds us to open our eyes and look at all beings. The characters in Jin Ping Mei are ourselves, and everyone has their greed and weakness, meanness and sorrows. At every key fork, if we want to enter the adult’s road, On June 19th, I listened to writers Liu Xiaolei and Zhuang Qiushui, shared the sentient beings in Jin Ping Mei with readers, and understood the complexity of human nature.

Beijing | Growth, Healing and Dreams —— Taste the sweetness of literature

Time:June 19th (Saturday) 19:00-21:00.

Location:5F One-way Space of Chaoyang Joy City, No.101 Chaoyang North Road, Chaoyang District

Guest:Wang Dun (Associate Professor, School of Literature, China Renmin University) and Huang Ximeng (writer and media person).

We often hear that this is an era in which literature is marginalized, but it is precisely an era in which literature is pervasive. Whether watching movies, following dramas, listening to songs, playing games, or even playing coslay, script killing and escaping from the secret room, we are all dealing with literature. People who really have nothing to do with literature do not exist. When we no longer hold the obsession with serious reading, we will taste the sweetness of literature, complete the growth of personality in the fictional "heroic journey", or realize individual redemption in the literary dream.

The Unique Charm of Bilingual Reading in Beijing | Dr. Seuss —— A series of new book releases of "Dr. Seuss Classic Bilingual Graded Reading"

Time:June 20th (Sunday) 10:00-11:30.

Location:Building Investment Bookstore, Floor 2, East Tower, Century Fortune Center, Building 1, Yard 5, Guanghua Road, Chaoyang District

Guest:Chen Yaping (Professor, School of English, Beijing Foreign Studies University), Yi Yan (Associate Professor, School of English, Beijing Foreign Studies University), Uncle Snail (English Talent), Yanzi (English Talent) and Yanzi’s mother (English Talent).

Dr. Seuss’s works are English enlightenment books that have been ranked in the reading list of American primary and secondary school students all the year round. On June 20th, Jiantou Bookstore and Relay Publishing House presented readers with a series of new book conferences on "Dr. Seuss Classic Bilingual Graded Reading". Professor Chen Yaping, director of China Children’s Language Research Center of Beijing Foreign Studies University, associate professor Yi Yan and well-known English learning bloggers were invited to jointly interpret the significance of early childhood reading and the pain points of English learning, explain in detail the tips of Dr. Seuss’s English learning and explore the tips of English enlightenment.

Beijing | Art is very scientific, and science is very artistic —— A new book sharing meeting of Yan Bojun, winner of Wenjin Prize

Time:June 20th (Sunday) 14:00-15:30

Location:West Gate CITIC Bookstore, Floor 1, Qihao Building, No.8 Xinyuan South Road, Chaoyang District

Speaker:Yan Bojun (popular science writer and art researcher)

Seurat’s Sunday afternoon in Big Bowl Island uses the same principle as modern inkjet printers. Vermeer, the author of The Girl with Pearl Earrings, probably understood the principle of "pinhole imaging" early. The interface design of Apple’s mobile phone is closely related to minimalism … Who said that art is emotional? Art is actually very scientific! What is the relationship between art and science? Yan Bojun, winner of Wenjin Award, talks with you about the history of western art with his new book "The Beauty of Opposites: 500 Years of Western Art"!

Screen painting symbiosis in Beijing | China art

Time:June 20th (Sunday) 14:30-16:30

Location:SKP RENDEZ-VOUS, 4th floor, Beijing SKP Shopping Center, No.87 Jianguo Road, Chaoyang District

Guest:Zheng Yan (Professor of Peking University Art Institute), Zhang Zhihui (Deputy Director of the Warehouse Editing Room of the Forbidden City Press), Xu Lei (Artist) and Wu Wei (Book Editor).

Screen and painted screen are not only an extremely rich and complicated historical phenomenon in the history of China, but also an important medium for modern Chinese and foreign exchanges. In order to sort out the existence and development of painting screen in ancient art and visual culture, Professor Wu Hong invited five scholars, including Li Qingquan, Zheng Yan, Huang Xiaofeng, Zhang Zhihui and Lin Weizheng, to study and write articles on the related topics of traditional painting screen. The research results have recently been assembled into a book, The Same Origin of Things and Paintings: Screens and Paintings in Ancient China, which was published by Shanghai Calligraphy and Painting Publishing House. On June 20th, we invited two authors of the book, Zheng Yan, a professor at Peking University Art Institute, Zhang Zhihui, deputy director of the utensils editing room of the Forbidden City Publishing House, and Xu Lei, a famous artist, to visit SKP in Beijing, and to interpret the position and significance of "painting screen" in the ancient art and life of China from two aspects of painting and furniture.

Beijing | Press Conference of the Writer’s New Novel "Echo"

Time:June 20th (Sunday) 15:00-17:00

Location:PageOne Bookstore 3F, Building 1, Yard 13, Langfang Toutiao, Xicheng District

Guest:Li Jingze (critic, writer), Pan Kaixiong (editor and literary critic), Zhang Qinghua (professor of Beijing Normal University), Zhang Li (professor of Beijing Normal University), Dongxi (writer).

In addition to maintaining a consistent writing style, Echo has a more objective and profound writing and a deeper understanding of characters and reality, which is more readable than any previous one. On the afternoon of June 20th, the writer Dongxi will bring his new book "Echo" to meet the long-awaited readers at PAGEONE Beijing Square Store. At that time, he will talk with Li Jingze, vice chairman of Chinese Writers Association, Pan Kaixiong, literary critic, Zhang Qinghua, executive director of Beijing Normal University’s International Writing Center, and Zhang Li, a professor at Beijing Normal University’s College of Literature, about Reverberation and the story behind it, and about literary creation and the development of the times.

Beijing | Raphael, Talk Show and the Name of the Rose —— Sharing Meeting of the New Book Understanding the World

Time:June 20th (Sunday) 19:00-21:00.

Location:SKP RENDEZ-VOUS, 4th floor, Beijing SKP Shopping Center, No.87 Jianguo Road, Chaoyang District

Guest:Li Jun (Professor of Central Academy of Fine Arts), Wang Jun (Professor of Philosophy Department of Zhejiang University), Shi Yifeng (Writer) and Lei Siwen (Associate Professor of Philosophy College of China Renmin University).

What kind of cross-border drama is it when philosophy, art, novels and rock music come together? What kind of sparks can cold ideological criticism, lofty architectural art, tortuous storyline and restless guitar melody collide? These fields are by no means independent of each other. They all influence and shape each other. On June 20th, we invited Li Jun, a professor from Central Academy of Fine Arts, Wang Jun, a professor from Zhejiang University, Shi Yifeng, a young writer, and Lei Siwen, an associate professor from Renmin University of China, to talk about the mutual influence and inspiration among philosophy, art, literature and music.

Beijing | Read everyone’s little books and learn about Japan in ancient and modern times —— Reading and sharing session of Iwabo’s Japanese History

Time:June 20th (Sunday) 19:00-21:00.

Location:Sanlian Taofen Bookstore, No.22, Art Museum East Street, Dongcheng District

Guest:Yang Bojiang (Director, Researcher and Doctoral Supervisor of Institute of Japanese Studies, Chinese Academy of Social Sciences), Chu Xiaobo (Professor of Peking University Institute of International Relations, Director of Center for Modern Japanese Studies and Doctoral Supervisor), and Masahiko (former editor-in-chief of Yanbo Bookstore and "foreign expert" of Japanese Department of Peking University Foreign Studies University).

The series "Iwabo Japanese History" is a set of humanistic common sense books on Japanese general history, which is edited by Iwabo Bookstore in Japan and compiled by many Japanese scholars. It is a Japanese general history. This introduction invited experts and scholars in the field of Japanese history from four places across the Taiwan Strait as translators, hoping to fill the publishing gap in Japanese history in China. On Sunday afternoon, we invited three guests to share this series with you.

Shanghai | German Sinology and Cross-cultural Communication between China and Germany

Time:13:30 on Friday, June 18th.

Location:Room 4108, Humanities Building, East China Normal University, No.500 Dongchuan Road, Minhang District

Speaker:Sima Tao (Sinologist, distinguished professor, Sino-German Humanities Exchange Center, Tongji University)

Cultural communication and cross-cultural communication in the era of globalization is one of the hot spots in the field of cultural research in recent years. In the era of globalization, besides politics, economy and natural science, do we still need "culture", which comes from the "pre-globalization era" and is closely related to the country and the nation? Will culture promote human understanding or alienate each other? Starting from German China studies, the lecture explores the significance of cross-cultural communication and reexamines the definition and value of contemporary social culture.

Shanghai | Coexisting with the Great Soul —— Comments on Biography Writing of Three Cultural Giants in Northern Song Dynasty

Time:June 18th (Friday) 16:00-17:30.

Location:Weizhi Bookstore, 2nd Floor, Yulanyuan, Shanghai Jiaotong University, No.800 Dongchuan Road, Minhang District

Speaker:Cui Ming (Associate Professor, School of Humanities, Tongji University)

The Song Dynasty was a period of comprehensive prosperity and high maturity of ancient China culture. Ouyang Xiu, Wang Anshi and Su Shi lived in this splendid era. Their generations have been one after another, and there are many intersections in their lifetime, and their relationship is complicated. Moreover, there is a striking common feature: they are all rare encyclopedic cultural giants in the cultural history of China. During the twenty-four years from 1997 to 2020, Cui Ming’s reading and thinking mainly revolved around these three great figures, and successively completed Su Shichuan, Ouyang Xiu Biography and Wang Anshi Biography. In this workshop, Cui Ming will share with you the difficulties, confusion and spiritual agitation experienced in the writing process.

Shanghai | The Sea on Me: Selected Poems of Zhu Zhu’s New Book Release and Sharing Meeting

Time:June 18th (Friday) 19:00-21:00.

Location:Sinan Bookstore, No.517 Fuxing Middle Road, Huangpu District

Guest:Zhu Zhu (poet, curator and art critic), Han Bo (poet, artist and novelist) and Hu Sang (poet and translator).

The Sea on Me: Selected Poems of Zhu Zhu is the first anthology of poems written by the poet Zhu Zhu in 30 years. On the evening of June 18th, three poets, Zhu Zhu, Han Bo and Hu Sang, will visit Sinan Bookstore and take you to read Zhu Zhu’s poems with "full details and profound interior".

Shanghai | Classic Modern Variations —— Sharing Meeting of New Books of Worldly Articles

Time:June 18th (Friday) 19:00-21:00.

Location:3/F, No.150 Pucheng Road, Pudong New Area, Shanghai Pudong Library Rong Study Room

Guest:Huang Dehai (deputy editor-in-chief of Sinan Literature) and Konoha (poet and critic)

History has been growing because of our existence and attention. A visit to the original works of cultural classics in Chinese history is a kind of reassessment and inheritance, and it also contains a survey of the present. It is in the constant variation and circulation that those classics reveal eternal charm and enlightenment to the future. On Friday night, Huang Dehai, a writer, critic and author of Worldly Articles, will be a guest at Lujiazui Reading Club with Muye, a poet and critic, to read the classics left in the world with readers and open a wider world.

Shanghai | The Birth of the Woodcut communist party Declaration

Time:10:00 on June 19th (Saturday)　

Location:Film and Television Hall, 2nd Floor, Yangpu District Library, No.366 Changhai Road, Yangpu District

Speaker:Mao Ziliang (editor)

Over the past century, the communist party Declaration has become the most printed Chinese monograph of Marxist classics in China. Among many editions, the communist party Declaration printed and published by Shanghai Calligraphy and Painting Society (now Shanghai Calligraphy and Painting Publishing House) in 1970s is the most special. In 2021, in order to celebrate the 100th anniversary of the founding of our great the Communist Party of China (CPC), Shanghai Calligraphy and Painting Publishing House printed the original 1: 1 book of the communist party Declaration, which was block-printed in 1973, with rice paper printing, original photocopying and thread-bound publishing. In this lecture, Mr. Mao Ziliang, former vice president and deputy editor-in-chief of Shanghai Painting and Calligraphy Publishing House (Duoyunxuan), will focus on the woodcut engraving technology, the establishment of woodcut engraving book group, the creative process and the historical value of woodcut engraving communist party Declaration.

Shanghai | Eternal Power in Literary Classics —— Sharing Meeting on Xu Yuanchong’s Translation of "Three French Literary Classics"

Time:June 19th (Saturday) 14:00-16:00

Location:Sinan Literature House, No.505 Fuxing Middle Road, Huangpu District

Guest:Wang Hongtu (professor and doctoral supervisor of Chinese Department of Fudan University), Huang Yuning (publisher, translator and writer), Zhou Limin (executive deputy curator of Ba Jin’s former residence) and Zhang Yiwei (writer and teacher of Chinese Department of Fudan University).

Classical literary works provide endless nutrients for generations with their profound thoughts, beautiful language and eternal power across the times. The works translated by Mr. Xu Yuanchong, such as Red and Black, Madame Bovary and john cleese Dover, are all world classics that can provide people with spiritual growth value. On the occasion of Mr. Xu Yuanchong’s centenary birthday and the bicentennial of Flaubert’s birthday, Zhejiang Literature and Art Publishing House KEY- KEY has specially launched a commemorative edition of Xu Yuanchong’s centenary birthday, paying tribute to this great literary translator and this set of world classics that have influenced generations.

Shanghai | Listening to a Special Party Class —— A New Book Sharing Meeting of My Heart Surging —— Interview Diary of the First Congress of the Communist Party of China

Time:14:00 on June 19th (Saturday)

Location:1/F, Fuzhou Road Store, Shanghai Book City, No.465 Fuzhou Road, Huangpu District

Guest:Zou Juan (senior reporter of The Paper), Fu Xiangdong (retired teacher of Shanghai Health Medical College), Chen Sisi (reporter of The Paper) and Li Wanqing (editor of Shanghai Dictionary Publishing House).

On the occasion of the Communist Party of China (CPC)’s centenary birthday, the Memorial Hall of the First National Congress in communist party, China, The Paper. com and Shanghai Dictionary Publishing House jointly published the book My Heart Surges-Interview Diary of the First Congress of the Communist Party of China. In the form of diary, this book records what The Paper reporters saw and heard at the site of the First Congress of the Communist Party of China, so as to show the important historical position of the site of the First Congress of the Communist Party of China and the valuable value of revolutionary traditional education. This Saturday afternoon, several authors and publishers of the book, as well as Fu Xiangdong, a volunteer from the First Memorial Hall and the Fourth Memorial Hall of the Communist Party of China, will be guests in the new book publishing hall of Shanghai Book City to share the behind-the-scenes story of the birth of the book.

Shanghai | Words Like Its City: Tokyo, Hong Kong and Shanghai International Metropolis Handwriting Sharing Meeting

Time:June 19th (Saturday) 14:00-16:00

Location:Building 7, Shangsheng New Institute, No.1262 Yan ‘an West Road, Changning District

Guest:Ke Chijian (Visiting Professor of School of Design, Hong Kong Polytechnic University), Jiang Qinggong (Urban Culture Observer), Du Qin (Associate Professor of School of Design and Innovation/International School of Design and Innovation, Tongji University), Li Danfeng (Architect), Zhao Duo (Signboard Sketcher) and Yang Wei (Creative Director of Ruizi Chaopai Font Library).

The impact of fonts on the city’s interface performance, the exploration of signboard fonts, and whether there are more possibilities for fonts … We will share the urban handwriting stories told by graphic designers, font designers, architects and cultural observers who study urban design from an international perspective, and travel to different urban spaces with words as a guide. "Tokyo, Hong Kong and Shanghai" three cities take characters as a mirror. Let’s explore the possibility of characters together in all the spaces of the city.

Shanghai | Fudan Shangyi and Modern China

Time:June 19th (Saturday) 14:00-16:00

Location:Multi-function hall on the second floor of Yangpu District Library, No.366 Changhai Road, Yangpu District

Speaker:Wang Qiyuan (Associate Research Fellow, Institute of Chinese Ancient Books Protection, Fudan University)

Shanghai Fudan University and Shanghai No.1 Medical College are both institutions of higher learning that still exist today and have had an important influence in modern history. Before their merger at the end of last century, the two famous universities experienced a long period of germination and growth, and trained countless outstanding students and teachers, making indelible contributions to the progress, development and modernization of modern China. What famous academic masters have emerged from these two prestigious schools at home and abroad? What kind of karma has happened between them? On June 19th, Wang Qiyuan, an associate researcher at the Chinese Ancient Books Protection Research Institute of Fudan University, will give detailed answers in the lecture on "Fudan Medical Treatment and Modern China" held by Yangpu District Library.

Shanghai | The Privatization of Time: He Duoling’s "Grass and Color" solo exhibition lecture and the new book release signing ceremony of "Grass and Color"

Time:June 19th (Saturday) 14:30-16:00

Location:Lecture hall, 2nd floor, Long Art Museum (Xi ‘an Pavilion), No.3398 Longteng Avenue, Xuhui District

Guest:He Duoling (artist), Zhu Zhu (poet, curator, art critic), Liu Zhen (deputy academic director of Shanghai Himalayas Art Museum)

From April 25th to June 20th, He Duoling’s large-scale solo exhibition "Grass and Color", curated by the famous poet Zhu Zhu, was exhibited at the Long Art Museum (West Coast Pavilion). On June 19th, a special lecture on solo exhibition: Privatization of Time will be held, with Shen Qilan as the host. Artist He Duoling, curator Zhu Zhu and art critic Liu Zhen will gather in the lecture hall of Dragon Art Museum (West Coast Pavilion) to interact with the audience and discuss this exhibition and He Duoling’s artistic creation for more than 40 years.

Shanghai | South Africa Photo Book "Sunset Flight" New Book Sharing Meeting

Time:June 19th (Saturday) 14:30-16:30

Location:B1 Yanjiyou Bookstore, Hubin Road Shopping Center, No.150 Hubin Road, Huangpu District

Speaker:Tao Lixia (writer and translator)

On Saturday afternoon, the best-selling author Tao Lixia will visit Yanjiu Bookstore to share her new book Sunset Flight.

Shanghai | Talk about East Asia in and out of the play

Time:June 20th (Sunday) 14:00-17:00

Location:Duoyun Academy Drama Store, No.398 Changle Road, Huangpu District

Guest:Fan Yiru (media person), Sha Qingqing (deputy director of Shanghai Library Historical Documentation Center) and Quan Xiaoxing (media person).

After watching so many Japanese and Korean dramas, do you really know our neighbors Japan and South Korea? Is Naoki Banzawa, a miracle of viewing in the Heisei era in Japan, really a masterpiece in the workplace? What is the workplace culture of traditional Japanese companies? Why "Midnight Food Store" resonates with China and South Korea … You can find the answers to these questions in the popular podcast program "East Asia Observatory". On the afternoon of June 20th, we invited three anchors to the Duoyun Academy and Drama Store to talk about the hot cultural topics in Japan and South Korea during this year, including film and television, art and so on, and feel the "change" and "unchanged" of East Asian society.

Shanghai | Wonders of the State: A Random Talk on China’s Ancient Technology and Culture

Time:June 20th (Sunday) 14:00-15:30

Location:Chinese version study room on the first floor of Oriental Century Building, No.345 Xianxia Road, Changning District

Guest:Jiang Xiaoyuan (Professor and Doctoral Supervisor of Shanghai Jiaotong University) and Huang Feili (Book Editor)

China’s ancient technological achievements are obvious to all, leading the world for a long time. Today, when we look back, how should we view and evaluate China’s ancient technology and the culture behind it? Compared with western science and technology, what path did China’s ancient technological development follow? Can we copy the ancient technology today? What is the reference for today? And listen to Professor Jiang Xiaoyuan, a big coffee maker in the history of science in Shanghai Jiaotong University, and Huang Feili, editor of Zhonghua Book Company, for your in-depth explanation.

Shanghai | Stream of Memory: Iron Gate of Concession, a River Closure

Time:June 20th (Sunday) 14:00-16:00

Location:3F Theater of Shanghai Museum of Contemporary Art, No.678 Miaojiang Road, Huangpu District

Speaker:Ma Jun (Director, Modern History Research Office, Shanghai Academy of Social Sciences)

The people staying in the city are like the surges and blockages of water bodies, in which there are countless forces interacting, and finally they always leave vague but traceable marks. The iron gate in the concession in Shanghai history is such a story. From Shiliupu to the French-Chinese border of Xieqiao, the French Concession authorities built nearly 40 iron gates in front of and behind the major traffic points. The iron gate in the concession lasted for 20 years from the beginning of construction to the final demolition in early 1946. In the meantime, their opening and closing, full opening and half closing, and the need to check the license until they are completely passed, all have a great impact on the political, economic and social life of Shanghai. The micro-narration of the role of these iron gates in the city in history can give us a glimpse of the living conditions in Shanghai at that time and think about the factors and influences that blocked the flow.

Shanghai | Reading on Walking —— The Launch Conference of the New Book Reading on Walking

Time:June 20th (Sunday) 14:00-15:30

Location:F8 Guanghai Bookstore, First Department Store Commercial Center, No.830 Nanjing East Road, Huangpu District

Guest:Zhang Ying (Shanghai Librarian), zhou li (Sports Commentator), Hong Renjie (Architect), etc.

This Sunday afternoon, Zhang Ying will bring her new book "Reading on the Move-A Slow Travel in the City" to meet you at Guanghai Bookstore and share the reading on the move with several guests. How to "read" a city? Zhang Ying gave her answer in the book: take a step, take a walk on the streets of the city, look at the unique buildings and shops, take away a story, or leave a memory.

Shanghai | "Green Pepper" Dilemma and Solution —— Tongji Bookstore’s "From Green Pepper to Thinker" Reading Club

Time:June 23rd (Wednesday) 14:00-16:00.

Location:Tongji Bookstore, No.2 Chifeng Road, Yangpu District

Speaker:Zhu Dajian (Director, Institute of Sustainable Development and Management, Tongji University)

Young teachers in colleges and universities are falling into a kind of group anxiety, especially under the influence of the system of "promotion or leaving", the professional dilemma and performance pressure they face are becoming more and more prominent. How to relieve the anxiety and confusion of university "green peppers", Professor Zhu Dajian, a senior liberal arts professor at Tongji University, will not only give the solution in the book "From Green Pepper to Thinker", but also communicate face to face with readers during the activity.

Shanghai | The Self-adjustment of Eurasian Regime in 15th-18th Century

Time:June 24th (Thursday) 9:00-17:45.

Location:Meeting Room 5, 3rd Floor, Fuxuan Hotel, No.400 Guoding Road, Yangpu District

Guest:Wang Xianhua (Professor, Institute of Global Civilization History, Shanghai International Studies University), Fu Ma (Assistant Professor and Researcher, Peking University History Department and China Ancient History Research Center), Abla Jiang (Ethnic Publishing House), etc.

This workshop will be divided into four parts: the image of the empire and historical writing, various aspects of the Mongolian empire from the perspective of Europe and Asia, the inheritors of the heritage of the Mongolian empire and the connection and fragmentation of the eastern world. Scholars will publish their own thematic reports and make comments.

Chongqing | Disappeared and Created —— A New Book Sharing Meeting of the Year of Miracles in Donglai

Time:June 19th (Saturday) 15:00-17:00

Location:Blade book tavern on the second floor of Xiexin Xingguang Plaza, No.99 Wuyi Road, Yuzhong District

Guest:Donglai (writer) and Yuanzi (writer)

On the afternoon of June 19th, the writer Donglai came to Chongqing from Shanghai in the east, visited Chongqing Blade Book Tavern with his long-lost friend, writer Yuanzi, and chatted with Jiang Ling, the bookstore manager.

Chongqing | A Long Way to the Home Front —— Sharing the new book "Going Back: Looking for The National SouthWest Associated University on Roads, Rivers and Post Roads"

Time:June 20th (Sunday) 15:00-17:00

Location:Nan ‘an District Nanbin Road Dongyuan Hall 1891D L2 Classic Bookstore

Guest:Xu Bei (director), Tigerson Yang (reporter, writer)

Tigerson Yang’s new book "Walking Again" attempts to go back to the starting point of the legend of The National SouthWest Associated University through walking and writing, and to explore the historical efforts of going to the rear area. Director Xu Bei’s latest film, One Day When We Were Young, invites the post-1990s old people who are over 90 years old to tell their own stories about this road and the memories of youth of this university. On June 20th, we invited two distinguished guests, Xu Bei and Tigerson Yang, to Chongqing, where they shared this memory and the past. We also thought together, when the flood of the times engulfed us and our common ideals and values were constantly questioned and challenged, did the spiritual rear exist? Where should we go?

Nanjing | Poetry is an art.

Time:15:00 on Sunday, June 20th.

Location:Pioneer bookstore, No.173 Guangzhou Road, Gulou District

Guest:HanDong (novelist, poet, screenwriter), Lu Yang (novelist, poet), Mao Yan (artist), Su Tong (writer), Yang Jian (poet), Zhou Yiqing (professor of printmaking department, Academy of Fine Arts), zuoxiao zuzhou (musician) and Potato Brothers (poet).

HanDong, Mao Yan, Lu Yang and Yu Xiaowei, four different names, intersect in poetry. With the accumulation of their friendship over the years, their equal and mutually confirmed relationship in creation also enabled the four men to continue to exert a new force in the so-called "struggle" that constantly collided. On the afternoon of June 20th, the poet HanDong, the poet and painter Mao Yan, the poet Lu Yang, the writer Su Tong, the artist zuoxiao zuzhou, the poet Yang Jian, the artist Zhou Yiqing and the poet Potato Brothers will come to the head office in Wutaishan, pioneer bookstore, to approach the truth of poetry with a cross-disciplinary exchange.

Chengdu | Reading Meeting and Author Sharing Meeting of 100 Most Beautiful Ancient Poems in Chengdu

Time:June 20th (Sunday) 14:30-16:00

Location:Lecture hall on the second floor of Wenxuan BOOKS, China Merchants Garden City, No.669 Shanbanqiao Road, Chenghua Avenue, chenghua district

Speaker:Yang Yuhua (Professor, Wenxin College, Chengdu University)

Chengdu has always been an important town of China’s poetry, with many famous works of past dynasties. Now, a book "100 Most Beautiful Ancient Poems in Chengdu" includes them all. On June 20th, we invited Yang Yuhua, the author of 100 Most Beautiful Ancient Poems in Chengdu, to share the beauty and truth in these ancient poems with us.

Zhengzhou | Between "Liangzhuang" and "Yellow River" —— Regional Writing of Contemporary China Literature Territory

Time:June 19th (Saturday) 15:00-17:00

Location:Jinshui District Wenhua Road No.2 Songshe Bookstore

Guest:Liang Hong (Professor and Writer of China Renmin University) and Shao Li (Writer)

Ten years after the publication of China in Liangzhuang, Liang Hong continued to write Liangzhuang for ten years. On Saturday afternoon, Liang Hong, a professor at China Renmin University, and Shao Li, chairman of Henan Federation of Literary and Art Circles, will visit Songshe together. I will bring readers works such as Ten Years of Liangzhuang and Yellow River Story, tell a typical story of China, and discuss the regional writing of contemporary China literature territory.

On August 28th, Shang Tang Group released the semi-annual report for 2023, achieving an operating income of 1.433 billion yuan in the first half of the year, up 1.3% year-on-year; The net loss narrowed by 2% compared with the same period of last year, and the adjusted net loss narrowed by 6.7%.

The financial report shows that the Group’s revenue related to generative AI has achieved a strong growth of three digits thanks to the release of the "day-by-day" big model system during the reporting period, and the generative AI product series such as "Consultation SenseChat", "Second Picture SenseMirage" and "Shadow SenseAvatar". According to the latest news, Shang Tang’s "growing day by day" big model has passed the Interim Measures for the Management of Generative Artificial Intelligence Services for the record, and Shang Tang’s "Consultation SenseChat" has been officially opened to the whole society.

Shang Tang said that while increasing investment in R&D of large-scale models, the Group still adhered to the operating goal of continuously reducing losses. Combined with the management requirements of cost reduction implemented since 2022, its AI commercialization efficiency improved, and the current operating cost decreased by 6.5% year-on-year.

Shang Tang’s capital reserve is still sufficient. By the end of the reporting period, Shang Tang held a total of 14.82 billion yuan in bank deposits, cash in hand, structured deposits, bonds and other fixed-income products.

The iteration of large-scale model technology is accelerated to consolidate the core competitiveness of AI.

Since the end of 2022, the generative AI model has been on the rise, and the world’s major technology giants are rushing into the big model track, intending to get a slice of this promising market.

IDC predicts that in 2026, the AI big model market in China will reach 21.1 billion US dollars, and nearly 50% of the terminal devices in China market will have AI engine technology.

In April, 2023, Shang Tang’s "Consultation SenseChat1.0" was released, which is one of the earliest chat robot products based on the large language model with hundreds of billions of parameters in China.Only two months later, Shang Tang, together with a number of top domestic scientific research institutions, released the first basic model InternLM with comprehensive performance exceeding GPT-3.5-turbo in China. On this basis, "Consultation" quickly iterated to version 2.0.

In August, the new model InternLM-123B completed the training, and ranked second in the world in terms of test scores on a total of 300,000 questions in 51 well-known evaluation sets around the world.For example, in five evaluation sets on reading comprehension, the scores of InternLM-123B are all higher than those of GPT-3.5-turbo and the LLaMA2-70B model newly released by Meta, and the scores of individual test sets differ by nearly 20 points.

It is reported that InternLM-123B focuses on upgrading the code interpreter and plug-in calling ability. python interpreter, API calling and search can be used to solve complex tasks and flexibly build AI agent applications. Due to the remarkable improvement of the new model, it is expected that "Consultation SenseChat" will be upgraded to version 3.0 in September.

In addition to the big language model, Shang Tang is also committed to training the world’s top three models of Wensheng Map. As early as January, Shang Tang’s second painting 1.0 started the internal test, and a second-dimensional picture can be generated by inputting prompts; In April, the second painting was upgraded to 2.0 and officially released; In July, version 3.0 of Seconds Painting adopted a brand-new generation model architecture, which can realize professional photography-level picture detail description, and its core algorithm surpassed Google’s Imagen and OpenAI’s DALL·E2 on COCObenchmark.

With the iteration of Shang Tang’s second painting from 1.0 to 3.0, its model parameters increased from the initial 800 million to 7 billion. Version 4.0 is expected to be launched in the third quarter of 2023, and new aesthetic system support will be introduced.

The iteration speed of Shang Tang AI model is extraordinary, which is due to the support of the computing infrastructure behind it. Since 2023, in order to maintain its core competitiveness, Shang Tang has continuously upgraded SenseCore, an intelligent computing infrastructure. The number of online GPUs has increased from 27,000 at the end of March 2023 to about 30,000 recently, and the computing power scale has increased by 20% to 6ExaFLOPS.

Since 2023, more than 1,000 large models with parameters ranging from billions to hundreds of billions have been trained on Shang Tang AI equipment, which has achieved technological iteration leading the industry and supported dozens of generative AI applications.

It should be said that the maturity of any AI technology is by no means achieved overnight. Behind Shang Tang’s big model is the "miracle" of deep learning algorithm, computing power improvement and data accumulation, and deep cultivation for several years.

According to the AI Big Model Market Research Report (2023) published by Jost Sullivan, Shang Tang ranks first in China in terms of comprehensive competitiveness in product technology, strategic vision and ecological opening-up construction.

Release the commercial potential of big model and accelerate the optimization of business structure

When people talk about the big AI model, most of the time they are feeling the impact and subversion it brings to all walks of life, but few people think that the commercial landing of the big model will come so quickly.

The industry has been growing crazily for half a year, and it has completed the transformation from "Hundred Models Battle" when running into the market to thinking about putting technology into practice. Industry analysts believe that with the rise of basic model and tool layer, the cost and difficulty of building applications will be greatly reduced. For application developers, all downstream applications are worth reconstructing.

The observation of AI trend in the era of big model points out that vertical domain application is the main battlefield of big model. With the rapid development of generative AI technology, it has spawned brand-new commercial value in many fields. Although these models are in the early stage of expansion, they also show excellent capabilities. Like other disruptive technologies, this change will develop slowly at first, and then accelerate rapidly.

A ready-made case is that in Shang Tang’s interim report, this change is gradually emerging.

In the first half of 2023, Shang Tang’s revenue related to generative AI recorded a year-on-year growth of 670.4%, and its contribution to the Group’s business increased rapidly from 10.4% in 2022 to 20.3%.Large-scale model has become an important driving force to upgrade the business of Shang Tang.

It is understood that Shang Tang released a series of generative AI products in April, which is one of the earliest enterprises in China to release related products, including Consultation, Secondhand Painting, Ruying, Qiongyu and Gewu, respectively corresponding to the five mainstream generative AI application landing scenarios: natural language interaction, AI Wen Sheng Tu, digital people, 3D big scene reconstruction and 3D small object generation.

The landing and maturity of AI big model not only accelerates the transformation and optimization of Shang Tang’s own business structure, but also shows the potential of more business application scenarios.

Reflected in the business level, at present, Shang Tang’s main businesses are divided into four major sectors, namely, smart business, smart life, smart cars and smart cities. During the reporting period, Shang Tang actively promoted the commercial application of AI technology and helped customers to quickly iterate new products based on large models, with remarkable results.

Among them,Driven by the big AI model, the revenue of the smart business sector increased by 50.2% year-on-year to 854 million yuan, the revenue proportion increased by 19.4 percentage points to 59.6%, the number of service customers reached 481, and the revenue of single customers increased by 59.9%.For example, in cooperation with domestic head insurance companies, Shang Tang provided cross-validation of crop underwriting data based on AI remote sensing model, which helped to improve the risk assessment and claims service system. Compared with the traditional manual identification scheme, the efficiency was improved by 60 times.

The tentacles of the smart life business extend to the C-end. In cooperation with customers in different fields such as e-commerce, traditional media and community platforms, Shang Tang’s AI products such as consultation, second painting, shadow and grid objects all come in handy. From digital life to high-precision 3D object modeling ability, Shang Tang’s technical strength can be intuitively presented to C-end users. During the reporting period, the revenue of this business increased by 6.7% year-on-year to 312 million yuan, the proportion of revenue increased to 21.8%, and the number of customers increased by 47.5% year-on-year.

Besides,The revenues of smart cities and smart cars are 184 million yuan and 84 million yuan respectively.Among them, the mass production business of Jueying achieved a year-on-year growth of 573%, and the number of mass production deliveries reached 390,000 vehicles, driving the gross profit of bicycles to increase by 29%. In terms of intelligent experience, Shang Tang built an intelligent assistant in the cabin based on "Consultation" and launched a number of interactive products in Chinese in the cabin. In the first half of the year, the number of smart car customers of the company increased by 70% year-on-year to 34. With the continuous transformation of its cutting-edge technology, the business income is expected to show a rapid growth trend.

Guolian Securities Research Report believes that the AI big model opens the second growth curve in Shang Tang, Shang Tang is in the leading position in R&D investment and business scale, and it is also the first manufacturer in China to lay out the AI big model. The company has accumulated rich technology and application experience in the AI field, which is expected to take the lead in the AI 2.0 era and promote the further growth of the company’s performance.

It is worth mentioning that,Previously, Shang Tang United many countries.bestThe model InternLM-7B, with a parameter of 7 billion, released by scientific research institutions, has opened some of its training data, training codes and basic model weights to academia and industry for free, and supports commercialization.

On August 31st, Shang Tang expanded its opening authority again, and announced that the large-scale model application "Consultation SenseChat" will be fully opened to users from now on, which is one of the first domestic large-scale models successfully filed and approved to go online.

　　Cctv newsThe multinational military exercise codenamed "Fast Trident -2017" began in western Ukraine on the 11th. The military exercise will last for two weeks, with 2,500 soldiers from NATO participating. From September 14th to 20th, Russia and Belarus will hold the "West — The joint military exercise in 2017 will extend from kola peninsula to Belarus. In recent years, what are the frequent military exercises between NATO and Russia? Will the tension between Russia and the West continue to escalate?

　　India Express: NATO-Russia confrontation is meaningful

　　The article in India Express pointed out that the Ukrainian military said that the "Fast Trident" military exercise was to deal with the "Western 2017" large-scale military exercise to be held by Russia and Belarus on the border. Although Russia called the exercise "purely defensive", it still caused panic in the Baltic countries and Poland. The Russian side said that 12,700 Russian and Belarusian soldiers will participate in the exercise, but some opponents said that as many as 100,000 soldiers may participate.

　　CNN: A rehearsal of military exercises or armed conflicts.

　　CNN reported that both the "Fast Trident" military exercise and the large-scale military exercise that Russia is planning will put the region in a tense situation. Military experts believe that Russia’s "Western 2017" military exercise is a drill for the armed conflict between Russia and NATO, because the Russian exercise is very close to the expected strike site that the outside world thinks. Russia said that some NATO members tried to intensify the situation to the maximum extent before the exercise and made unfounded accusations against Russia.

　　Sputnik: Hostility between the United States and Russia escalated.

　　Sputnik’s article pointed out that before the "Fast Trident" exercise, on August 24th, US Defense Secretary Matisse said in a meeting with Ukrainian President poroshenko that the Trump administration was considering providing Ukraine with more weapons of destruction. Dan Kovalik, a professor of international human rights at the University of Pittsburgh School of Law, said that Matisse’s remarks clearly regarded Russia as a direct threat, and the US behavior could be understood as an escalation of hostility between the two countries, which would inevitably have a negative impact on the settlement of the Ukrainian conflict between the two countries.

　　Xinhua News Agency: NATO strengthens support for Ukraine

　　The article of Xinhua News Agency said that "Fast Trident" is a military exercise set up under the framework of NATO’s Partnership for Peace, which has been held in Ukraine since 2006 to show NATO countries’ support for Ukraine. Of the 2,500 soldiers participating in this competition, 1,000 are Ukrainian soldiers, with the purpose of helping Ukraine to carry out military training and promoting interoperability between the United States, Ukraine and other NATO troops. This marks the further strengthening of military cooperation between Ukraine and NATO.