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[Text/Financial Circle Society & Dao Ge said Che Ma Jian Yu] With the deepening of electrification and intelligent transformation, the automobile market in China is undergoing drastic changes. In this context, the "three-year rejuvenation" action plan was released to accelerate the transformation to a new energy technology company.

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For Chuanqi, 2024 is the first year of the "three-year rejuvenation" action plan. In this year, Chuanqi gained a lot, and the platform technologies such as I-GTEC2.0 and new EV+ new energy platform were released one after another, which strengthened the competitiveness of Chuanqi brand. In terms of products, the rejuvenation of MPV matrix makes Chuanqi’s transformation more emboldened.

Nowadays, the balance is insufficient in 2024, and how Chuanqi will perform in the coming year has also become the focus of attention. According to Chuanqi’s official news, based on the EV+ new energy platform, GAC Chuanqi will develop a series of models, covering all categories of cars, SUVs and MPVs. Chuanqi S7, the first mass production model of EV+ new energy platform, is expected to be officially launched in the first half of next year.

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At the same time, Chuanqi’s smart driving performance in 2025 will go to a higher level. After all, in addition to the technical upgrade during the year, Chuanqi also received a strong support-Huawei.

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MPV’s strong performance casts transformation confidence.

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Through careful market insight, Chuanqi cut into MPV, a small track, and gradually became a big shot in this field. As of November, the cumulative sales volume of Chuanqi MPV has reached 700,000 vehicles, and China brand MPV is the only one. At the same time, Chuanqi’s MPV preservation rate continues to be the highest, and its M8, M6 and other models have ranked first in the multi-platform independent brand MPV preservation rate for many times in a row, which shows that users fully recognize Chuanqi’s MPV and are well-deserved MPV experts in China.

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Chuanqi’s leading product insight and market position in MPV market have also become the foundation of Chuanqi’s transformation. In 2024, it was a great year for technical innovation of Guangzhou Automobile Chuanqi. I-GTEC2.0 was released, which was upgraded in all dimensions for chassis, power generation, intelligence and platform, and GMC400 super hybrid technology developed by the whole stack was launched, which was also launched and implemented in conjunction with Huawei’s innovation plan. All these technologies are empowering Chuanqi MPV, bringing consumers the smartest, most luxurious and most enjoyable travel experience.

In the past November, Chuanqi launched two hybrid MPVs, including the Grandmaster Super Hybrid Edition equipped with full-stack self-developed HEV hybrid technology and the Chuanqi New Energy E9 Supercharged Edition. These two cars represent Chuanqi’s latest achievements in HEV and PHEV hybrid technologies. However, this is not over yet. Chuanqi, which is in the first year of the "three-year rejuvenation" action plan, has more achievements, and these achievements also make Chuanqi’s 2025 more interesting.

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Rich technological innovation, Chuanqi 2025, many bullets.

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Since the beginning of this year, Chuanqi has made continuous breakthroughs in technology. In April this year, GAC Chuanqi launched EV+, a worry-free solution for users in the whole cycle and all scenarios, to solve the pain points of users in terms of energy replenishment, quality, safety and service. At the just-concluded Guangzhou Auto Show, GAC Chuanqi went further and brought a new EV+ new energy platform.

According to reports, the EV+ platform can realize the dual-mode parallelism of extended range and plug-in. Among them, GAC Super Extended Range Technology further reduces fuel consumption by 15%, improves pure battery life by 12%, and bid farewell to feeding troubles completely! At the same time, the EV+ platform adopts the mode of self-developed and cooperative two-wheel drive, and GAC has self-developed AI intelligent cockpit, end-to-end intelligent driving without drawing, and other pioneering technologies such as Huawei Gankun intelligent driving and HarmonyOS cockpit, which can bring more help to Chuanqi.

In terms of vehicle mechanical quality, Juxing intelligent control chassis under the EV+ platform is equipped with high-end technologies such as active preview multi-cavity suspension and Gankun U-turn, which reduces the chassis impact by 29%, comparable to millions of luxury cars, and improves the steering sensitivity by 25%. Big cars can also have the flexibility of small cars. At the same time, meet the most stringent safety standards around the world. These technical preparations also provide more bullets for Chuanqi’s market competition next year.

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Based on the EV+ new energy platform, GAC Chuanqi will develop a series of models, covering all categories of cars, SUVs and MPVs. Chuanqi S7, the first mass production model of EV+ new energy platform, is expected to be officially launched in the first half of next year. Chuanqi S7 is also the first production car in the latest design language of GAC, and the first high-end intelligent driving model of Chuanqi. At the same time, in 2025, GAC Chuanqi is about to usher in a breakthrough year of intelligent driving. Among them, not only Chuanqi S7 has attracted much attention, but three models equipped with high-end intelligent driving will also be listed one after another. Next year, Chuanqi’s high-level intelligent driver will send four cars together, with full firepower!

On April 18th, the activity of "Leading Times Fengyun 2024 Chery Fengyun New Energy Night and Fengyun T9 Pre-sale" was held in Chery Qingdao Super Factory. At this conference, Chery officially released Fengyun’s future strategic plan, and at the same time opened the pre-sale of Fengyun T9, an ultra-luxury medium-sized electric hybrid SUV.

Strategic planning and upgrading of 11 new energy vehicles in two years

In China’s new energy market in 2024, independent brands have risen in an all-round way. Chery Group sold 529,604 vehicles in the first quarter, up 60.3% year-on-year, ranking second among all passenger car brands in terms of sales volume, ranking first in terms of growth rate, and also performing brilliantly in the new energy market, with new energy sales increasing by 124.3% year-on-year in the first quarter.

Zhang Guozhong, executive deputy general manager of Chery Automobile Co., Ltd., said that 2024 will be the year when Chery Group’s new energy strategy will bear fruit and its firepower will be in full swing. It is believed that in the second quarter, the growth rate of new energy of Chery Group will continue to "double" and enter the first camp of new energy. Since its official release in November last year, Chery Fengyun has continued to advance, launching Fengyun A8 and A8 voyage versions, and today Fengyun T9 will also open a new chapter in SUV. In the future, Fengyun series will fully cover the hybrid, extended-range and pure electric markets, and 11 new models will be launched within two years, covering SUV, SD and MPV categories, fully meeting the different market demands from A0 to C.

Zhang Guozhong, Executive Deputy General Manager of Chery Automobile Co., Ltd.

At the same time, Fengyun T9, an ultra-luxury medium-sized electric hybrid SUV, was put into pre-sale, with a pre-sale price of 159,900-199,900 yuan, which has four advantages: luxury and comfort, luxury safety, luxury quality and luxury performance. At the same time, Fengyun’s sales network has grown to nearly 400, covering 233 cities across the country, of which TOP100 City has covered 97%, allowing users to enjoy a more convenient and comfortable new service experience.

A new benchmark for ultra-luxury medium-sized electric hybrid SUV-Fengyun T9 opens for pre-sale.

Leading world-class factories create high-quality products for Fengyun sequence

The luxury quality of Fengyun T9 is inseparable from the strong empowerment of Chery Qingdao Super Factory. As the world’s leading 5G black light factory, Chery Qingdao Super Factory creates high-quality products with zero difference and zero defect for users with super automation, super intelligent quality control, the world’s strongest digitalization and the world’s strongest energy intelligent control. Chery’s persistence in quality stems from the inheritance of German "engineer" culture and has gone deep into the ultimate pursuit of every detail.

The world’s leading 5G black light factory

It is precisely because Chery always adheres to German luxury quality standards that Chery’s persistent pursuit of quality can be seen in the details of every Fengyun T9. Chery builds the German luxury quality of Fengyun T9 with its leading world-class factory. As Li Xueyong, deputy general manager of Chery Automobile Co., Ltd. said, Chery’s world-class super factory ensures that every car off the assembly line is a global car, and every China user buys a global car that meets global standards. Chery combines world-class technology with world-class factories to create a T9 with world-class standards and German luxury quality.

Li Xueyong, Deputy General Manager of Chery Automobile Co., Ltd.

Leading world-class hybrid technology to create a high-quality car suitable for the world.

The outstanding performance of Fengyun sequence stems from the strong empowerment of the world-class hybrid technology Kunpeng Super Hybrid C-DM. Since November last year, Chery Fengyun has frequently circled through a series of more realistic tests, showing the hard-core strength of leading hybrid technology with the most authentic data. Chery Fengyun has demonstrated its strength with many excellent on-site performances in many measured challenges, such as 2000km uninterrupted long cruising range with full oil and electricity, 1935.4km measured cruising range at minus 30 degrees, 1350km measured cruising range under extreme cold conditions, and 180km/h "true circle turning" for one hour to challenge the top speed of 205 km/h.

Open several times, the actual measurement continues to lead the generation.

Chery, which has always been user-centered, has built a global R&D system with 8 global R&D centers, 300+ Eta Ursae Majoris laboratories and 25,000+global R&D talents with a global vision and layout to meet the demand of global consumers for cars. At the same time, in order to ensure that the products can stand the test of road conditions and environment in different parts of the world, Chery Fengyun has carried out rigorous extreme environmental conditions verification in many parts of the world, creating a leading hybrid technology, providing high-quality guarantee for Fengyun products.

Kunpeng Super Hybrid C-DM

Leading world-class enterprise concept helps Fengyun compete for the global market.

Not long ago, Chery Fengyun became the official car of China National Women’s Volleyball Team. The spirit of Chery’s "Little Grass House", which resonates with the "Women’s Volleyball Team Spirit", has been running all the way from the small grass house, and now it has spread all over the world in more than 80 countries. One out of every three passenger cars exported from China is Chery. In the future, Chery Fengyun, which inherits the spirit of "small grass house", will continue to dominate the world automobile market.

Women’s volleyball world champions Zhao Ruirui, Wei Qiuyue and Yan Ni appeared at the press conference.

It will usher in a brand-new strategic upgrade sequence. With the empowerment of "Eta Ursae Majoris 2025" strategy, it will open a new chapter of "Fengyun Speed" and redefine the new energy travel experience with world-class hybrid technology, world-class super factory and world-class hybrid products.

　　General Secretary of the Supreme Leader pointed out: We must adhere to the road of cultural development in Socialism with Chinese characteristics, enhance cultural self-confidence, build a socialist cultural power around raising flags, gathering people’s hearts, educating new people, promoting culture and displaying image, and develop a national, scientific and popular socialist culture facing modernization, the world and the future. We must adhere to the fundamental system of Marxism’s guiding position in the ideological field, serve the people and socialism, let a hundred flowers blossom and a hundred schools of thought contend, persist in creative transformation and innovative development, develop advanced socialist culture under the guidance of socialist core values, carry forward revolutionary culture, inherit Chinese excellent traditional culture, and meet the people’s growing spiritual and cultural needs.

　　The Provincial Artists Association actively implements the Party’s implementation of the spirit of the 20th Congress, focuses on inheriting and carrying forward the spirit of Chang ‘an Painting School, making it bigger and stronger, adheres to the people-centered creative orientation, paints portraits of the times, sings songs for the people, paves the way for bridging the gap between "two new" talents, cultivates outstanding young successors, eulogizes the great achievements made by the people of all ethnic groups in China with excellent works, and promotes the spirit of the 20th Congress of the Communist Party of China to be deeply rooted in the hearts of the people.

　　In 2021-2022, the Provincial Artists Association held the "Art Exhibition Celebrating the 100th Anniversary of the Founding of the Communist Party of China (CPC) in Shaanxi Province" and toured the exhibition, "Celebrating the New Era and Striving New Journey — — Shaanxi Province Art Exhibition to Commemorate the 80th Anniversary of the Speech "Chang ‘an New Style — — Shaanxi Youth Art Exhibition "Celebrate the New Era of Top 20 Flower Painting — — Shaanxi Fifth Flower and Bird Painting Exhibition "and other large-scale exhibitions, and a number of art works have been selected for national exhibitions. Now the outstanding works of the exhibition are continuously exhibited and broadcast in WeChat official account.

　　Chang ‘an Xinfeng 　

　　Selected Works of Shaanxi Youth Art Exhibition 1

　　Fan Pengjie’s Chinese Painting of Zhe Bie Qualifiers

　　Wen Zhenxin’s "Looking at" Chinese Painting

　　Wu Lisheng’s traditional Chinese painting "Hurry Night"

　　Wu Sitong’s Chinese Painting "Dancing in Spring"

　　Luo Chunbo’s Chinese Painting "The Mystery of Xuanshan Red Valley"

　　Fu Bingqing’s "Mine Mouth Documentary" Chinese Painting

　　Bai Haihong’s Traditional Chinese Painting "Home"

　　Ni Chao’s Traditional Chinese Painting "Yellow River Drum Rhyme"

　　Hongtaosun’s traditional Chinese painting "Zhao Jin Feng Bei"

　　Zuo Yang’s "Xiongfeng" Chinese Painting

　　Bai Yangyang’s "The Empty Mountain is Colored" Chinese Painting

　　Guan Xuwen’s Traditional Chinese Painting "North Foot of Bashan Mountain"

　　Hao Shixuan’s Chinese Painting "Morning Dew Waiting for the Sun"

　　Hu Yanbeibei’s Chinese Painting "The Heart of Posture"

　　Li Zhengjin’s Chinese Painting "Peaceful Homeland"

　　Wei Yahong’s Chinese Painting "Peaceful Days"

　　Xu Xiaoli’s "Metamorphosis" Chinese Painting

　　Yang Feng’s Chinese Painting "Clear Sky"

　　Chinese Painting of Liu Chang’s "Central European Class Train"

　　Liu Dan’s Chinese Painting "The Way to the Green Country"

　　Xie Shifan’s Chinese Painting of Six Chapters of Shengping

　　Liu Haini’s "Golden Sunshine" Chinese Painting

　　Lu Shan’s Traditional Chinese Painting "The Inheritance of Prosperity"

　　Zhao Feige’s Traditional Chinese Painting "Autumn Rain Runshan Mountain Diecui"

　　Zhao Zihan’s "Chang ‘an Xinjian" Chinese Painting

　　Chinese Painting of Zhu Ying’s Watcher

　　Tao Ran’s Chinese Painting Escort

　　Zhang Qiying’s oil painting "Actually, I’m not very thoughtful"

　　Li Haibo’s oil painting "Shade on the Ground at noon"

　　Li Hua’s midnight oil painting

　　Li Wenshuo’s oil painting "The coldest winter"

　　Liu Junqiang’s oil painting "Hometown Relics"

　　Niu Yadong’s oil painting "Sunshine in March"

　　Song Xiaodi’s Oil Painting "Sujie Xiaojing"

　　Oil Painting of Tong Yusong’s One of the Prosperous Times

　　Wang Li’s Oil Painting "There are Poems and Distances"

　　Yang Chenghong’s Oil Painting "Intangible Heritage-Social Fire"

　　Zhang Bei’s Oil Painting Tide Head

　　Feng Zhang’s "Qiu Se" oil painting

　　Zhang Hao’s oil painting "Blooming Lily"

　　Gu Shuai’s oil painting "Cave in Northern Shaanxi"

　　Jess Weng’s oil painting "Qinwei"

Speaking of childhood memories, Ashton Chen’s little bald head image is the most representative one, although most of them now play the role of green leaves. But small 8 found under the clues that Ashton Chen’s background is not simple, and his real identity is a rich second generation!　

From time to time, Ashton Chen’s personal Weibo has car racing and golf map updates, and the high-end point of the star’s business activities is understandable. However, in Reuters’s map, Ashton Chen can often see luxury cars nearby, which makes people wonder about Ashton Chen’s identity background.　

Ordinary people who travel on weekdays are extended Land Rover Range Rover, worth more than 3 million yuan, and there are also many sports cars such as Audi R8 and RS7. In addition to owning a car, racers certainly have to be very rich. After all, modification and loss are not small expenses.

Ashton Chen’s father, Chen Tongshan, is one of the 18 King Kong in Shaolin. Born in a martial arts family, he devoted himself to the cause of martial arts. From Shaolin Wushu Performance Troupe to Wulin School, he is famous all over the country and even in neighboring countries. All this must require a lot of money, so how can it work smoothly?

It turns out that Ashton Chen’s father manages nine companies, whose industries involve the spread of martial arts culture, diet, film and television, etc. His son is sent to master Shi Yongxin to study, and Chen Tongshan is not idle. With the basic strength, what he wants to do can naturally be realized slowly.　

Ashton Chen, who made her debut in childhood, is also an expert in making money. Since "shaolin popey" in 1994, many martial arts films have been made, with lovely images and aura. Every time I look at previous films, I admire this little actor’s acting skills.

Ashton Chen’s film and Shang Yan are the first pot of gold for Chen Tongshan to get rich. The film contract is constant, and the popular income of the booming will naturally not be low. If you invest in the real estate, you will have a huge family fortune now. It is said that you also have a whole commercial street in Dengfeng.

Chen Tongshan also has two famous martial arts schools. Many people come here to cultivate countless talents, including world-class and national champions, or martial arts child stars like Ashton Chen. The martial arts film and television base set up conveniently also provides a lot of convenience for martial arts action movies.　

All in all, Chen Tongshan is worth at least 100 million yuan, and his strength cannot be underestimated. Although the development of these undertakings is also very helpful to personal interests, it is self-evident that they have made contributions to spreading Shaolin Kung Fu and making Wushu go global.　

Without his father’s business acumen, Ashton Chen’s salary as a child could not have made such a big industry. There are many things to spend money, and the fastest flowing thing in the world is money. Ten or twenty years ago, the pay of popular actors was only nine Niu Yi cents compared with the current traffic.　

The number of works is also because Ashton Chen is an old-timer in the film and television circle. Occasionally, the staff around him will ask him if he was born in more than 90 years. It’s really hard to imagine that he was born in 88 just by looking at his appearance. After 25 years in the industry, he still hasn’t lost his youthful spirit. It seems that he will be the same as Jimmy Lin.　

Although rich, Ashton Chen loves acting as much. He was trained as a Shaolin disciple because of family reasons, and he was amazing at acting. He just debuted in 1993 and had supernatural acting skills in front of the screen, and he did not fall into the same strange martial arts. small 8 saw that many adult actors could not do this.　

When he grew up, his career would definitely change. During that quiet period, Ashton Chen was sent to the United States for further study because of his superior family conditions. There is no need to worry about no filming at all, and the property of over 100 million in the family is estimated to be not bad for the money earned from filming in recent years.　

Ordinary artists are easily misunderstood by the secular as making money and wanting to be popular, but when we learn that a person will go back to inherit thousands of possessions if he doesn’t film well, we will sincerely think that this is a person who is serious about his career.　

Ashton Chen’s father invested a lot in martial arts, and constantly expanded the art of martial arts. Father and son who earn money are also enthusiastic about public welfare. Chen Tongshan not only concentrates on martial arts education, but also participates in many charitable activities like Ashton Chen.　

China has such a rare talent, which is really a treasure in the entertainment circle. Ashton Chen is willing to be a supporting role in many film and television dramas, and all of them are real kung fu. I hope that there will be more people in the entertainment circle who speak with real skills, devote themselves to drama and produce more masterpieces of word of mouth.

　　Lishui, May 10th, Zhongxin. com (trainee reporter Zhou Yulong correspondent Yu Fan Ye Fangju) Install a camera on the wall, set up a sensing device in the mahjong table, and remotely control it in the background … … Nowadays, these series of "cheating" techniques that once appeared in movies have quietly appeared in real life, making many gamblers lose their money without knowing why.

　　In April 2018, the police in Longquan, Zhejiang Province successfully arrested the first gang in Zhejiang Province that used high-tech means such as remote perspective to monitor mahjong fraud. As of May 9, Longquan police have arrested 15 suspects and detained 14 people.

　　Men devote themselves to mahjong cheating.

　　Xie Moumou, the principal offender, is from Longquan. He doesn’t have a stable job on weekdays. His biggest hobby in his spare time is playing mahjong.

　　Mahjong requires not only some experience, but also luck. Since the second half of 2016, Xie Moumou, who is extremely unlucky, has lost a lot of money on the mahjong table, and gambling debts have also accumulated more and more. However, instead of stopping, he has studied the evil road and tried to turn over the book.

　　How can I monitor the card situation without being discovered? At the end of 2016, Xie Moumou began to concentrate on finding the so-called "gateway" on the Internet, and bought some equipment from the Internet, such as wireless micro-headphones, wireless surveillance video equipment, mahjong chips, etc., and then slowly explored ways to cheat in mahjong while looking for someone to cooperate in playing mahjong. Gradually, Xie Moumou became the "ever-victorious general" on the mahjong table.

　　Not only that, Xie Moumou also made his "small tricks" bigger and more specialized, and convened some "kindred spirits" to form a studio, forming a veritable "gambling gang".

　　The "winning general" was suddenly arrested.

　　In April 2018, after months of investigation and operation, Longquan police gradually found out the organizational structure and criminal facts of the gang, and locked in the foothold of this criminal gang that used high-tech equipment to commit fraud and gambling.

　　In the early morning of April 4, with the order of the commander of the network-closing operation, the arresting personnel who had long been hidden near a rented house (gambling spot) in the south ocean of Longquan decisively rushed into the gambling scene, controlled the gambling gang and arrested 13 suspects on the spot.

　　But to the police’s surprise, there was almost nothing unusual in the mahjong room, and mahjong and playing cards didn’t seem to have been tampered with.

　　During the on-site search, an experienced old policeman found something fishy in the spotlights on the ceiling of the mahjong room. Through his many years of experience in handling cases, the old policeman concluded that the secret of gambling fraud equipment is likely to be hidden in this spotlight.

　　Sure enough, there is a miniature camera hidden in the spotlight of the casino, and a signal transmitter is installed in the lamp on the wall, while a gang member in charge of playing mahjong wears a miniature earphone in his ear, and a complete set of high-tech gambling fraud equipment gradually "surfaced".

　　Mahjong indoor tricky.

　　How on earth does this homemade high-tech equipment implement gambling fraud?

　　It turns out that when Xie Moumou first started to study cheating, he bought some mahjong chips from the Internet and installed them in mahjong. When playing cards with others, he took the special mahjong with him, secretly replaced the cards in mahjong machine, and installed specific equipment such as sensors in mahjong machine. After he started playing cards, he controlled them through the remote control he carried, and the micro headphones he secretly wore would automatically report the cards, so as to master the card situation.

　　After the establishment of a studio dedicated to gambling, Xie Moumou upgraded the gambling equipment and methods, forming a "clairvoyance" mode of remote control.

　　First of all, Xie Moumou placed mahjong with a special chip in the mahjong room and installed sensors at the four outlets of the mahjong table. The sensors can sense the situation of playing cards through the chip. Then, Xie Moumou installed a transparent miniature camera in the hidden place in the mahjong room. The camera can be installed on murals, spotlights or even teacups, and outsiders can’t find it at all.

　　The camera is connected to the background through WiFi, and Xie Moumou in the background will see the cards on the gambling table through the monitor in another room and "guide" the accomplices who are playing cards in real time through the intercom. This method greatly improves the chance of winning cards, and also achieves the goal of winning money.

　　After winning more money, Xie Moumou began to brag about this way of making money with his friends. Unexpectedly, people have come to the door to find Xie Moumou to cooperate. With the gradual expansion of business, Xie Moumou also sold equipment and technology to Jingning, Wuzhen, Zhejiang and Nanning, Guangxi. With the deepening of investigation, Longquan police arrested another suspect in Wuzhen, Jiaxing on the evening of May 8.

　　At present, the case is still being further processed.

　　Action program for building a socialist modern country in an all-round way

　　Jinlong Chen

　　(Dean and Professor, School of Marxism, South China Normal University)

　　The 20th National Congress of the Communist Party of China is a very important meeting held at the critical moment when the whole Party and the people of all ethnic groups in China have embarked on a new journey of building a socialist modern country in an all-round way and marched towards the goal of the second century. It is the prominent focus of the Party’s Report to the 20th CPC National Congress to plan the great practice of building a socialist modern country in an all-round way. The party’s Report to the 20th CPC National Congress has a large spaceIt systematically outlines the basic goals, strategic steps, major principles and specific practices of building a socialist modern country in an all-round way, and points out the direction and path of action for building a socialist modern country in an all-round way.

　　On October 16th, 2022, The 20th National Congress of the Communist Party of China（CPC） opened in the Great Hall of the People. The Supreme Leader made a report to the General Assembly on behalf of the 19th Central Committee. Xinhua News Agency reporter Yue Yuewei photo

　　First, the establishment of the goal of building a socialist modern country in an all-round way　　

　　After the goal of building a well-off society in an all-round way is realized, the goal of building a socialist modern country in an all-round way is put on the agenda. Report to the 20th CPC National Congress of the Party has made clear the mission and task of the Communist Party of China (CPC) in the new era and new journey, that is, "to build a socialist modernization power in an all-round way, realize the goal of the second century, and comprehensively promote the great rejuvenation of the Chinese nation with Chinese modernization".This not only clarifies the goal of building a socialist modernization power in an all-round way, but also explains the relationship between Chinese modernization and the great rejuvenation of the Chinese nation.　　

　　On building a socialist modern country in an all-round wayRelationship with building a socialist modern power in an all-round wayGenerally speaking, building a socialist modern country in an all-round way is a process, and building a socialist modern power in an all-round way is the goal and result of building a socialist modern country in an all-round way. Without the process, there will be no result.　　

　　We will build a socialist modernization power in an all-round way.And the great rejuvenation of the Chinese nation.Generally speaking, building a socialist modernization power in an all-round way is the basis and an important step in the historical process of realizing the great rejuvenation of the Chinese nation.　　

　　As far as the path of realizing the great rejuvenation of the Chinese nation is concerned,We should comprehensively promote the great rejuvenation of the Chinese nation with Chinese modernization. In his speech at the second plenary session of the Fifth Plenary Session of the 19th CPC Central Committee, General Secretary of the Supreme Leader stressed: "China should unswervingly promote Chinese modernization, promote the great rejuvenation of the Chinese nation with Chinese modernization, and constantly make new and greater contributions to mankind." The important thesis of "promoting the great rejuvenation of the Chinese nation with Chinese modernization" has been clearly put forward here. The third historical resolution deliberated and adopted by the Sixth Plenary Session of the 19th CPC Central Committee, when explaining the connotation of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, emphasized that "upholding and developing Socialism with Chinese characteristics, the overall task is to realize socialist modernization and the great rejuvenation of the Chinese nation" and "promoting the great rejuvenation of the Chinese nation with Chinese modernization". Realizing socialist modernization and the great rejuvenation of the Chinese nation constitute the general task of upholding and developing Socialism with Chinese characteristics in the new era, and they are closely linked one after another. Chinese-style modernization is the necessary stage and inevitable choice to realize the great rejuvenation of the Chinese nation, laying a solid foundation and showing a bright future for the great rejuvenation of the Chinese nation.

　　After the practical exploration since the founding of New China, especially since the reform and opening up, the road of Chinese modernization has basically taken shape.In his speech at the Fifth Plenary Session of the 19th CPC Central Committee, General Secretary of the Supreme Leader summarized the basic characteristics of Chinese modernization.That is, the modernization with huge population, the common prosperity of all people, the coordination of material civilization and spiritual civilization, the harmonious coexistence of man and nature, and the modernization of peaceful development.Report to the 20th CPC National Congress of the Communist Party of China reiterated these basic characteristics and further elaborated them.Chinese-style modernization not only conforms to the reality of China, embodies the law of socialist construction, but also conforms to the development trend of the times, embodies the law of human social development, and opens up the correct road to realize the great rejuvenation of the Chinese nation. Defining Chinese-style modernization as the path to comprehensively promote the great rejuvenation of the Chinese nation is conducive to rallying the forces to realize the great rejuvenation of the Chinese nation, clarifying the relationship between Chinese-style modernization and the great rejuvenation of the Chinese nation, and dispelling the misunderstanding and prejudice of the international community in realizing the great rejuvenation of the Chinese nation.

　　II. Arrangement of Steps for Building a Socialist Modern Country in an All-round Way　　

　　Modernization is a broad and profound social change, involving all fields and aspects, and it is a long-term and phased process. The report of the 19th National Congress of the Communist Party of China comprehensively analyzed the international and domestic situation and China’s development conditions, and planned the steps of building a socialist modern country in an all-round way in two stages.In the party’s Report to the 20th CPC National Congress, General Secretary of the Supreme Leader reiterated the strategic steps of building a socialist modern country in an all-round way:Basically realize socialist modernization from 2020 to 2035; From 2035 to the middle of this century, China will be built into a prosperous, strong, democratic, civilized, harmonious and beautiful socialist modernization power.这一战略安排体现了现代化的过程性和阶段性。

　　党的二十大报告对到二〇三五年我国发展的总体目标进行了具体厘定，从综合国力、科技发展、经济发展、政治发展、文化发展、社会建设、生态文明建设、国家安全、国防和军队现代化等方面，勾勒了基本实现社会主义现代化的轮廓。这一界定相对于党的十九届五中全会对基本实现社会主义现代化远景目标的谋划，增加了建成科技强国、农村基本具备现代生活条件、社会保持长期稳定等内容。同时，党的二十大报告提出了未来五年全面建设社会主义现代化国家开局起步的主要目标任务。如此，全面建设社会主义现代化国家的阶段性目标日渐清晰和具体。

　　2019年10月1日上午，庆祝中华人民共和国成立70周年大会在北京天安门广场隆重举行。这是群众游行中的伟大复兴方阵。新华社记者 琚振华 摄

　　三、全面建设社会主义现代化国家重大原则的确立　　

　　全面建设社会主义现代化国家是一项伟大而艰巨的事业。最高领袖总书记在党的二十大报告中指出，前进道路上，必须牢牢把握以下五条重大原则：坚持和加强党的全面领导、坚持中国特色社会主义道路、坚持以人民为中心的发展思想、坚持深化改革开放、坚持发扬斗争精神。This is the concrete application of the historical experience of the party’s hundred years of struggle and points out the practical principles of building a socialist modern country in an all-round way.

　　Chinese-style modernization is a modernization with a huge population, which requires strong party leadership in order to coordinate all kinds of relations, resolve all kinds of contradictions, and give full play to the institutional advantage of concentrating on doing great things. General Secretary of the Supreme Leader pointed out in the Party’s Report to the 20th CPC National Congress: "Chinese modernization is the socialist modernization led by the Communist Party of China (CPC)". This is the essential feature of Chinese modernization, and upholding and strengthening the overall leadership of the party is the practical principle of building a socialist modern country in an all-round way. Socialism with Chinese characteristics Road is the only way to create a better life for the people and realize the great rejuvenation of the Chinese nation, and it is also the only way to build a socialist modern country in an all-round way. The party’s foundation lies in the people, its blood lies in the people, and its strength lies in the people. The people are the greatest strength of the party in governing and rejuvenating the country. Adhering to the people-centered development thought is the Communist Party of China (CPC)’s fundamental value position and the value orientation of building a socialist modern country in an all-round way. Reform and opening up is a key measure to determine the future and destiny of contemporary China. It is still necessary to persist in deepening reform and opening up in building a socialist modern country in an all-round way, and the process of building a socialist modern country in an all-round way is a process of deepening reform and opening up. The new process of building a socialist modern country in an all-round way has begun. China’s development has entered a period in which strategic opportunities and risk challenges coexist and uncertainties and unpredictable factors increase. Various "black swan" and "grey rhinoceros" incidents may occur at any time. General Secretary of the Supreme Leader pointed out in the Party’s Report to the 20th CPC National Congress,"We must enhance our sense of urgency, adhere to the bottom line thinking, be prepared for danger in times of peace, prepare for a rainy day, and prepare for a major test of high winds, high waves and even stormy waves." Building a socialist modern country in an all-round way needs to persist in carrying forward the spirit of struggle.The "Five Major Principles" are not only the major principles of building a socialist modern country in an all-round way, but also the practical requirements of building a socialist modern country in an all-round way.

　　Fourth, the planning of building a socialist modern country in an all-round way　　

　　According to the inherent law of Chinese modernization, Report to the 20th CPC National Congress of the Party made a concrete plan for the practice of building a socialist modern country in an all-round way:High-quality development is the primary task of building a socialist modern country in an all-round way; Education, science and technology and talents are the basic and strategic supports for building a socialist modern country in an all-round way; People’s democracy is the life of socialism and the proper meaning of building a socialist modern country in an all-round way; Adhere to the rule of law in an all-round way, promote the construction of China ruled by law, and build a socialist modern country in an all-round way on the track of the rule of law; To build a socialist modern country in an all-round way, we must adhere to the road of cultural development in Socialism with Chinese characteristics; Insist on safeguarding and improving people’s livelihood in development, encourage joint efforts to create a better life, and constantly realize people’s yearning for a better life; Respecting nature, conforming to nature and protecting nature are the inherent requirements of building a socialist modern country in an all-round way; Promote the modernization of the national security system and capabilities, and resolutely safeguard national security and social stability; Accelerating the building of the people’s army into a world-class army is a strategic requirement for building a socialist modern country in an all-round way; Promote world peace and development and build a community of human destiny; The key to building a socialist modern country in an all-round way and promoting the great rejuvenation of the Chinese nation lies in the party. These important conclusions,The practice of building a socialist modern country in an all-round way in the next five years or even longer is deployed, which actually points out the practical path of building a socialist modern country in an all-round way and shows the glorious prospect of building a socialist modern power in an all-round way.

　　In a word, Report to the 20th CPC National Congress of the Communist Party of China has made forward-looking thinking, overall planning and strategic layout for building a socialist modern country in an all-round way, which has become the action program for building a socialist modern country in an all-round way in the new era.

Comfort configuration is often linked to the quality of a car. Of course, the higher the comfort configuration, the more pleasant the passenger experience, which can give the car a higher evaluation. What I brought to my riders today is. Let’s take a look at its performance.

Let’s take a look at the appearance of the BMW 8 Series. The front of the BMW 8 Series looks very domineering and cool. Combined with the fashionable headlights, the visual effect coincides with the positioning of the whole vehicle. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, automatic steering, delayed closing and so on. Come to the side of the car, the car body size is 4857MM*1902MM*1350MM, the car uses fashionable and atmospheric lines, the side looks very round and lovely, with large-sized thick-walled tires, the shape is quite simple. In the design of the rear end, the overall shape of the BMW 8 Series rear end echoes the front end, and the taillights are very calm, and the overall shape is still very attractive.

Sitting in the car, the interior of BMW 8 Series looks very spiritual and makes people feel very soft. The steering wheel of the car is very clean and made of leather, and everything looks very dynamic and lively. From the central control point of view, the central control screen with 12.3-inch touch-sensitive LCD makes the interior design quite layered, and the details are still in place. Let’s take a look at the dashboard and seats again. The dashboard design is remarkable, giving people a very young feeling. The car uses leather seats, which are wide and thick, improving the ride experience of drivers and passengers.

BMW 8 Series is equipped with an automatic manual transmission (AT) gearbox, with an acceleration time of 5.5s per 100 kilometers, which has good power performance and is completely OK for daily use.

Looking at the configuration, the BMW 8 Series is equipped with car networking, driving mode selection, remote control key, interior atmosphere light, engine start and stop and other configurations.

OK！ Next, let’s sum up. The car introduced today is remarkable in terms of space, configuration and power, and home travel is also a good helper.

[car home Baoding Preferential Promotion Channel] Recently, the Baoding market ushered in a price reduction discount, with the highest discount amount reaching 55,000 yuan and the lowest starting price dropping to 169,900 yuan. This preferential activity is under way, and interested consumers can click "Check the car price" in the quotation form to strive for a higher discount.

The design of FAW-Volkswagen CC is very fashionable and dynamic. The front face adopts an atmospheric chrome grille, which is perfectly combined with sharp headlights, highlighting the perfect integration of luxury and dynamism. The body lines are smooth and the overall design style is streamlined, which leaves a deep impression on people.

FAW-Volkswagen CC has elegant side lines, with a body size of 4865*1870*1459mm, a wheelbase of 2841mm, a front tread of 1586mm and a rear tread of 1572 mm.. Equipped with 245/45 R18 tyre size, the rim design is fashionable and dynamic, which shows the perfect combination of sports and luxury.

The interior of FAW-Volkswagen CC adopts a simple and scientific design style, and a large number of high-quality materials are used in the car to create a luxurious and comfortable atmosphere. The steering wheel is wrapped in leather, which is comfortable and supports manual up-and-down and forward-and-backward adjustment, which is convenient for drivers to find the best driving posture. The center console is equipped with a 9.2-inch touch screen, and the built-in voice recognition control system supports the control of multimedia system, navigation, telephone and air conditioning, which improves the convenience and safety of the driver’s operation. In addition, the car is equipped with USB and Type-C interfaces, which are located in the front row and the back row respectively, which is convenient for passengers to charge various devices. The seat is made of leather /Alcantara mixed material. The main and co-pilot seats support multi-directional adjustment, including front and rear adjustment, backrest adjustment, height adjustment and lumbar support. It also has heating function, which improves the comfort and riding experience of the seat. The rear seats support proportional tilting, which further improves the flexibility and practicability of the space.

FAW-Volkswagen CC is equipped with a 2.0T 186 horsepower L4 engine with a maximum power of 137kW and a maximum torque of 320 N m. It is equipped with a 7-speed wet dual-clutch gearbox, which provides a strong power output and a smooth shifting experience.

The owner of car home spoke highly of FAW-Volkswagen CC. He mentioned: "I am quite satisfied with the appearance and power. The frameless door is really handsome, and the streamlined body side is also particularly beautiful. The tail shape of the hatchback is matched with a small duck wing. The power of the 380TSI is also on call and it is very cool to drive." This evaluation fully demonstrates the owner’s love and recognition of FAW-Volkswagen CC.

　　It is imperative for Chang ‘an, which reshuffles its cards, to accelerate new energy sources.

　　Sub-brands play a phased role from appearance to departure. The last stage has come to an end and they are ready for the next stage.

　　At the end of the year, Changan X5 PLUS and X7 PLUS, two classic models of Changan Auchan, have been updated one after another, but the brand-new V-shaped logos of the two cars are very eye-catching and adopt a brand-new naming method. It seems that everything points to the return of the new car to the brand sequence of Changan Automobile. Where will the Auchan brand go?

　　In 2018, Changan Auchan was born. With the blessing of Changan brand and the accuracy of positioning, it quickly occupied a seat in domestic second-line independent brands and harvested in the low-end market.

　　Changan’s joint venture brands are becoming more and more obvious. Changan has built the Auchan brand with the strength of the brand, and Auchan has helped Changan Automobile to move smoothly into the passenger car market.

　　In the next three years, Changan Auchan entered a golden age. If it is pessimistic, it seems to be the last carnival of fuel vehicles, because the development of China automobile soon reached a turning point.

　　Behind the Shuang Sheng, the fuel car is shrinking silently.

　　In 2022, Rao, Changan Auchan, who still made a lot of money in the field of fuel vehicles, realized that this was not a long-term solution, so he launched Auchan Z6 and the hybrid model Auchan Z6 iDD, in order to get out of the comfort zone and want to inject new energy into Changan Auchan brand.

　　However, the injected new energy force is in conflict with the low-end market where it is located, and the premium brought by new technologies and the existing audience groups begin to contradict, and soon Changan Auchan, who once climbed all the way, began to slow down.

　　As a fuel model, Auchan Z6 has not reproduced the excellent performance of Auchan X7 and X5 since its launch. However, the hybrid model Auchan Z6 iDD did not arouse much splash. In the final analysis, it is the mismatch between technology and pricing. The plug-in hybrid in the market has already appeared the standard answer like BYD, so Auchan is even more silent.

　　It never rains but it pours. This year, the fuel car market began to shrink, and it was very obvious. In 2022, the sales volume of passenger cars in China was 23.563 million, a year-on-year increase of 9.5%.

　　Among them, new energy vehicles sold 6.887 million vehicles in the whole year, up 93.4% year-on-year, and the market share increased to 25.6%, up from 12.1% in the previous year. In other words, in 2022, the sales volume of passenger cars in China will increase by 9.5% year-on-year, and the role of new energy vehicles is the biggest.

　　From the sales data, the sales volume of fuel vehicles decreased by more than 2 million units in 2022. However, Chang ‘an’s 2022 answer sheet hit a new high in five years. It is worth noting that Changan Automobile also disclosed the main subsidiaries and shareholding companies that affected the company’s net profit by more than 10% in 2022. Specifically, Aouita lost 2.015 billion yuan, Changan New Energy lost 3.196 billion yuan and Changan Ford lost 2.449 billion yuan.

　　But the reality of the market is that no matter how hard we try to absorb nutrients, it is limited, especially when the market is shrinking.

　　Therefore, the weakness of Changan Auchan this year is becoming more and more obvious, and the shrinking market has caused many brands to start to cut prices on a large scale. The most serious impact of this year’s price war is the low-priced market, because the price itself is already very low, but the price above will be under pressure, so the impact on Changan Auchan’s fuel vehicles this year can be imagined.

　　New energy sources are cutting prices, old first-line fuel vehicles are cutting prices, and second-line Auchan’s living space is constantly being compressed, so the beginning of head pressure is the beginning of the disappearance below.

　　Reflected in the sales volume, the sales volume of Changan Auchan brand in November 2023 was 22,526 vehicles, up 32.7% year-on-year and down 19.9% quarter-on-quarter.

　　The chain of single products is also declining. In November, the sales volume of Changan Auchan X5 PLUS was 5,771 units, down 7.97% from the previous month. However, it accounted for 28.83% of Changan automobile sales, and its ranking in SUV sales dropped by 4 places compared with last month.

　　It can be seen that Changan Auchan is still a pillar for Changan brand in the fuel vehicle sector, but it will inevitably be slightly affected when the whole market begins to compress.

　　This means it’s time to shuffle again.

　　The old does not go, the new does not come.

　　This wave of Auchan’s return to Chang ‘an may mean that Chang ‘an is carrying out brand reconstruction and sequence rejuvenation. In fact, from the beginning of this year, Changan has been making adjustments, starting with new energy vehicles and launching a multi-brand strategy.

　　Deep Blue announced that it would change its name to "Deep Blue Automobile", or it would change from Changan to an independent operation mode, similar to the relationship between Geely and Krypton Automobile. The official said, "Changan Deep Blue was changed to Deep Blue Car to make the brand clearer, and nothing else has changed."

　　In the second half of the year, Changan Qiyuan was officially released. Changan Automobile’s new energy will become a parallel pattern of Qiyuan, Deep Blue and Aouita. Qiyuan is different from Aouita and Deep Blue. Both of them have Changan as the largest shareholder, but Qiyuan is a series of brands hatched by Changan Automobile, which is 100% owned by Changan Automobile. This means that Qiyuan, a "son" in the field of new energy, has higher autonomy.

　　The new energy field pushes three in one breath, and the brand in the fuel vehicle field returns, and the focus of Changan is clear at a glance. It seems that the three brands cover almost all the current new energy power scenarios, and Aouita and Deep Blue also have the advantage of intelligence with the help of Huawei. But in fact, there is no strong profit cow in Chang ‘an’s new energy.

　　Let’s start with Aouita, who has made his debut for the longest time. Last week, there was a major personnel change in Aouita, and Zhu Huarong, Party Secretary and Chairman of Changan Automobile, served as Chairman of Aouita Science and Technology. Zhu Huarong’s appointment is an important manifestation of his great attention to Aouita.

　　As the "eldest son", Aouita shoulders the responsibility of Changan to attack the high-end field of new energy, so Changan will spare no effort to pull Huawei, Contemporary Amperex Technology Co., Limited and other allies to pour a lot of resources, technology and funds into Aouita. However, the sales volume and cognition did not seem to break out. In the first 11 months of this year, the highest monthly sales volume in Aouita was only 2,825 vehicles, and the sales volume in other months remained at around 1,000 vehicles. It seems that the target of 100,000 vehicles can only be achieved less than one fifth.

　　Therefore, Aouita 12 tried to break through the bottleneck, and the result is still unknown. Changan’s new energy rhythm broke out this year, and the mid-range dark blue car and the low-end Changan Qiyuan were sorted out successively, but some of them fell behind.

　　Compared with several other independent brands, both the main brand and the new series are somewhat slow. The leading BYD is even catching up with Tesla this year. It is predicted that BYD accounts for 17% of the global pure tram market, and it is expected to surpass it in the fourth quarter of this year and become the first in the world.

　　In the first 11 months, the cumulative sales volume of Guangzhou Automobile Ai ‘an was 434,000 units, and the growth rate in the first half of the year was amazing. Geely’s five products in three years have sold about 94,000 vehicles as of November this year. Combined with the new models launched at present, it is hopeful to complete the total sales of 120,000 vehicles in 2023.

　　In contrast, Aouita delivered 21,483 units in the first 11 months, while Deep Blue delivered 122,000 units in the first 11 months. It’s not a remarkable achievement. I don’t know if I can turn the situation around with Aouita’s 12 big break of 20,000 vehicles.

　　Changan’s iron triangle of new energy has already begun to take shape, but it will take time for the "three carriages" to be quickly accepted by the market. According to the plan, Changan Automobile will have 27 new energy products in 2025, among which Changan Qiyuan will launch 10 new digital intelligent evolution new automobile products. At the same time, Deep Blue Auto will launch 6 models and 4 models from Aouita, totaling more than 20 heavyweight products. The sales volume of new energy reached 1.2 million vehicles, accounting for 40%, and by 2030, the sales volume will reach 2.4 million vehicles, accounting for 60%.

　　Although the plan is beautiful, Chang ‘an’s fuel is under pressure, and new energy has not yet broken through the shackles and ushered in an outbreak. Therefore, Changan carefully adjusted the chessboard, further reclaimed the brand of fuel vehicles, and accelerated the development of new energy, which may be Changan’s main plan for 2024.

　　Auchan’s rebranding into Chang ‘an seems to indicate the future in which independent fuel brands will gradually shrink.

After buying shares in Lianhua Supermarket and Sanjiang Shopping, Alibaba once again bought shares in an offline retail giant: Gaoxin Retail Co., Ltd. (06808.HK), the listed entity of Taiwan-funded supermarket chain brand RT Mart.

On November 20th, Alibaba Group, Auchan Retail S.A and Runtai Group announced a new retail strategic cooperation. According to the strategic cooperation agreement, Ali invested about HK$ 22.4 billion (about US$ 2.88 billion, RMB 19.002 billion) through its wholly-owned subsidiary Taobao China Holdings Co., Ltd., directly and indirectly holding 36.16% of the shares of Gaoxin Retail.

The offer price of this transaction is HK$ 6.50, a discount of 24.42% compared with HK$ 8.60 before the suspension of Gaoxin Retail.

Taobao China Holdings Co., Ltd. is the operating entity of overseas business of Taobao and Tmall International. Runtai is the parent company of RT Mart. This transaction means that the largest supermarket group in China, represented by RT Mart and Auchan, will join the new retail system promoted by Alibaba in terms of business model and capital structure.

After the Hong Kong stock market opened on the same day, the retail share price of Gaoxin opened higher by more than 5%, and then fell by more than 10% all the way down, but the share price rebounded thereafter. As of press time, it has remained flat.

The largest supermarket group in China, represented by RT Mart and Auchan, will fully embrace new retail.

Gao Xin’s chairman intends to resign, and Ali will get a seat on the board.

The equity of Gaoxin Retail is more complicated. Before the transaction, the major shareholders of Gaoxin Retail included: Jixin Holdings (holding 51%), Kofu (holding 7.84% directly), Auchan Retail International (holding 9.71% directly) and CGC (holding 8.46% directly). Among them, Jixin is a special company for the listing of Gaoxin. Auchan holds 51% of the company’s shares and Runtai holds 49%.

After this transaction, the economic benefits of Auchan Retail, Alibaba and Runtai in Gaoxin Retail are about 36.18%, 36.16% and 4.67% respectively. Ali is the second largest shareholder of Gaoxin Retail.

According to the announcement of Gaoxin Retail on the Hong Kong Stock Exchange, after the delivery, Zheng Quantai, Chairman of Gaoxin Retail Board, non-executive director and Runtai senior executive, Gao Xin executive director, Chairman and CEO of RT Mart and Huang Mingduan, Runtai senior executive, intend to resign from the board of directors, which will take effect on the day immediately after the first deadline of the offer. The offeror intends to nominate a new director to join the board of directors, and the effective date will not be earlier than the date of the comprehensive document or a date approved according to the Takeover Code.

According to media reports, Bin Yuan, co-CEO of RT Mart flying cow net, said: Mr. Huang Mingduan, Chairman of RT Mart, will continue to take charge of RT Mart and lead the original senior management team to integrate online and offline advantages.

Analysts said that although Ali is not the largest shareholder, this arrangement may seem that Ali has a good relationship with Auchan and may further control Gaoxin retail in the future. The case that can be referenced is that Ali bought and privatized Yintai Commercial Company after three years of strategic investment and shareholding.

Cooperation Taobao Daojia

In addition to equity transactions, relevant parties also reached an agreement on business cooperation.

Hangzhou Alibaba Zetai Information Technology Co., Ltd., Gaoxin Retail, Auchan China and RT Mart China, wholly-owned subsidiaries of Ali Group, will enter into business cooperation agreements.

According to the agreement, Hangzhou Ali Zetai will provide a number of services as part of its "Taobao Home" service to stores operated by Gaoxin Retail. Specifically, it includes: the shops operated by Auchan China and China, RT Mart approved the use of their business model and online platform; Share data; And the integrated system and POS hardware.

"Taobao Home" aims to operate a business model that allows traditional supermarkets and supermarkets to increase their business efficiency by using Internet technology and Taobao traffic.

I have also contacted Tencent and Suning.

Under the background of sluggish physical retailing, Gaoxin Retail still holds the top spot among overseas chain enterprises in China market. Gaoxin Retail is the largest hypermarket operator in China, operating 446 hypermarkets in 29 provinces, municipalities and autonomous regions in China under the brands of Auchan and RT Mart.

The financial report for the third quarter of 2017 just released by Gao Xin shows that the company’s turnover in the first nine months of 2017 as of September 30 reached 79.030 billion yuan, a year-on-year increase of only 2.2%. Gross profit was 18.689 billion yuan, up 3.5% year-on-year.

In February this year, there were rumors that Gaoxin Retail was in close talks with Alibaba to seek to sell its shares. Yin Yanliang, president of Runtai Group, the major shareholder of Gaoxin, even said that Ali, Tencent and Suning are all "pursuing" RT Mart. However, Ali responded at that time that he did not comment on market rumors.

After the announcement of the transaction on November 20, Huang Mingduan, vice chairman of Runtai Group, said that in recent years, due to the rise of the mobile Internet, the demand of consumers has undergone tremendous changes, and Gao Xin has been trying to move from offline to online. Run Taile sees Gao Xin and Alibaba joining forces and working together online and offline to satisfy customers.

Zhang Yong, CEO of Alibaba Group, said: "Physical stores play an indispensable role in consumer shopping. In the modern digital economy, they should be optimized through personalized product recommendation driven by big data."

Alibaba is opening the new retail model to retail partners to promote online and offline integration and comprehensive improvement of commercial internetization. Alibaba has successively invested in or acquired traditional retail companies such as Yintai, Suning, Sanjiang and Lianhua Supermarket under Bailian, and created new retail formats such as Box Horse Fresh Life, promoted the intelligent upgrade of physical stores with brands, and strategically invested in the digital infrastructure of retail formats. Shiji Company.

In May this year, several supermarkets in Sanjiang Shopping completed digital transformation. In July, the online transaction amount exceeded 25% of the total number of stores, and a large number of new members were obtained, while the turnover of old members also increased by 18%.

Attachment: Progress of New Retail Layout in Ali

In April 2014, Alibaba made a strategic investment in Yintai Commercial with HK$ 5.37 billion.

In August 2015, Ali invested in Suning with a strategy of about 28.3 billion yuan, becoming the second largest shareholder; Suning will subscribe for no more than 27.8 million shares of Ali’s newly issued shares in 140 yuan RMB; The two sides will open up online and offline to comprehensively improve efficiency and provide more perfect commercial services for consumers in China and around the world.

In November 2016, Sanjiang Shopping announced that it had obtained Alibaba’s investment, and Hangzhou Alibaba Zetai Information Technology Co., Ltd., a subsidiary of Alibaba Group, purchased 32% of Sanjiang Shopping, and the two established a joint venture company.

In January, 2017, Alibaba Group, together with Shen Guojun, the founder of Yintai Commercial (Group) Co., Ltd., asked Yintai’s board of directors to submit a proposal to its shareholders on the privatization of Yintai through agreement. The maximum cash required to complete the proposed transaction is about 19.8 billion Hong Kong dollars (about 17.7 billion yuan). According to the privatization agreement, Alibaba will become the controlling shareholder of Yintai after the transaction is completed, and its shareholding ratio is expected to increase to about 74%.

In February 2017, Alibaba Group and Bailian Group announced a strategic cooperation in Shanghai, and said that they would carry out all-round cooperation based on big data and Internet technology in six areas: all-business integration and innovation, new retail technology research and development, efficient supply chain integration, member system interoperability, payment financial interconnection and logistics system coordination.

In May 2017, Alibaba Group signed the Equity Transfer Contract with Yiguo Fresh, and Alibaba Group acquired 18% equity of domestic shares in Lianhua Supermarket from Yiguo Fresh. According to the announcement of Bailian Group, Alibaba received 201,528,000 domestic shares, accounting for 18% of the issued share capital of Lianhua Supermarket, becoming the second largest shareholder. Yiguo Fresh still holds 1.17% of the shares.

On November 20, 2017, Alibaba Group, Auchan Retail S.A (Auchan Retail) and Runtai Group announced a new retail strategic cooperation. According to the strategic agreement, Alibaba Group will invest about 22.4 billion Hong Kong dollars (about 2.88 billion US dollars, 19.002 billion yuan) to directly and indirectly hold 36.16% of the shares of Gaoxin Retail.