CCTV News:The annual meeting of 2023 Financial Street Forum was held in Beijing today (November 8). At the annual meeting, China Yi Huiman, Chairman of China Securities Regulatory Commission said that risk prevention is the main goal of strengthening supervision, and strengthening supervision is an effective way to prevent risks, both of which are important guarantees for achieving high-quality development.

According to the development law of capital market and the supervision practice in recent years, China and Yi Huiman, Chairman of China Securities Regulatory Commission summarized the causes of capital market risks into five aspects: excessive leverage or even out of control, imbalance between innovation and supervision, fraud, breach of trust and absence of main responsibility. He pointed out that it is the first duty and statutory duty of the CSRC to strengthen the supervision of the capital market, safeguard the "three public" order of the market and the legitimate rights and interests of investors, and prevent and resolve financial risks.

Yi Huiman, Chairman of China Securities Regulatory Commission:We adhere to the supervision concept of "respecting the market, respecting the rule of law, respecting the profession, respecting the risks, and giving full play to the joint efforts of all parties", adhere to the main business of supervision, and pay attention to the following principles: First, adhere to the principle of "only by seeing clearly can we manage it" and promote innovation under the premise of prudent supervision. The second is to guard against excessive leverage and gradually reduce the scale and level of leveraged funds to a reasonable range. Third, "zero tolerance" has cracked down on all kinds of chaos and reversed the long-standing situation that the illegal cost of securities is too low. The fourth is to adhere to the blade inward and self-revolution.

The reform of the registration system is by no means deregulation.

Regarding the reform of the registration system, China Yi Huiman, Chairman of China Securities Regulatory Commission said that the reform of the registration system is by no means a relaxation of supervision, but a better combination of an effective market and a promising government.

Yi Huiman, Chairman of China Securities Regulatory Commission:After the implementation of the (registration system) reform, supervision has become stricter, and the most prominent performance is the improvement of transparency. This promotion comes from the openness of the whole process of audit and registration, accepting the supervision of the whole society, and from the supervision covering the whole chain before and after the event, which urges enterprises to fully disclose information and compact the responsibility of intermediary agencies as "gatekeepers". Through reform, the basic system of capital market is comprehensively strengthened, especially the level of rule of law is further improved.

Yi Huiman said that in the next step, we will continue to promote the stock issuance registration system.

Yi Huiman, Chairman of China Securities Regulatory Commission:Dynamically evaluate and optimize institutional arrangements such as pricing, reduction and refinancing. At the same time, we will vigorously promote the reform of the investment side, promote the implementation of various supporting policies for medium and long-term capital entering the market, accelerate the cultivation of "smart funds" in China, promote the strengthening of industry institutions, effectively enhance professional investment capabilities and market leadership, and take our own path.

Yi Huiman said that the healthy development of the real economy is the foundation for the smooth operation of the capital market. The CSRC will adhere to the fundamental purpose of serving the real economy, and focus on doing the "five major articles" on technology and finance, green finance, inclusive finance, pension finance and digital finance, so as to give full play to the hub function of the capital market and serve the overall situation of Chinese modernization more effectively.

　　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.

[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.

　　[Aika Auto Domestic New Car Original]

　　On December 8, 2023, FAW Pentium officially announced the official guide price of the new Pentium B70. The new car has launched two models with a price range of 12.99-13.79 million yuan. At the same time, FAW Pentium also announced the listing rights including cash gift, financial gift, replacement gift, quality assurance gift and flow gift.

　　A quick look at the highlights of new cars

　　New appearance and interior design, and the body size is further increased.

　　Equipped with a new generation of car platform and a new generation of D-Life 6.0.

　　Huawei HiCar Internet and Yilian systems cover three mainstream systems: HarmonyOS system, Android system and ios system.

　　Equipped with 2.0T engine and Aisin 6AT gearbox.

　　New car introduction

　　As a mid-term redesigned model, the new Pentium B70 adopts a brand-new family design language of "strength, purity and perfection", and the "layered" front grille adopts a borderless design, which makes the new car look more in line with the aesthetic needs of consumers at the same time. The "flying wing" headlight group is smooth and stretched, with a brand-new brand logo, which makes the front face look full of inductance, with a sense of advanced and technology.

　　The new car also uses more dynamic side lines, and the slip back design further highlights the movement and elegance of the new car. The multi-spoke large-size rim also highlights the sense of movement while highlighting the luxury. The double waistline design makes the side design more layered. One waistline runs from the front lamp group to the taillight group, and with the slightly raised wheel eyebrow lines before and after, it not only enriches the visual layering, but also enhances the sense of movement of the vehicle. In terms of size, the length, width and height of the new car are 4855*1840*1455mm, the length of the car is 45mm longer than that of the current model, and the wheelbase is 2800 mm. It is a standard medium-sized car.

　　The rear of the new car adopts the popular through taillight design, which further extends the visual width of the rear with the times, and the brand subtitle is located under the taillight. This design has more or less improved the grade sense of the whole car, and it meets the aesthetic needs of the moment with the exhaust system of the two sides below.

　　In terms of interior, the new car adopts a dual-screen design with a full LCD instrument panel and a central control multimedia display screen, and is equipped with a penetrating air conditioning outlet, which is very fashionable as a whole. At the same time, the design of the dual-spoke multi-function steering wheel and the suspected toggle shift mechanism also adds a sense of luxury to the interior of the new car. The new car adopts a new generation of car platform, and the software and hardware performance of the intelligent cockpit system and intelligent cockpit are fully upgraded. The main control SOCS adopts industry mainstream chips and 8-core processors, with a computing power of 62.5K, which is smoother without crashing, and the time for hot-start reversing images is less than 1 s. The new car is equipped with Pentium D-Life 6.0 system, with rich in-vehicle applications, and with the blessing of Iflytek 3.5 voice suite, it can realize efficient interaction that can be seen and spoken. In addition, Huawei HiCar Interconnect and Yilian systems cover three mainstream systems: HarmonyOS system, Android system and ios system.

　　The new Pentium B70 is equipped with a 2.0T turbocharged engine and Aisin 6AT gearbox. The maximum power of the power system is 165kW, the maximum torque is 340Nm, and the acceleration per 100 kilometers is 7.86s s..

　　Editor’s point of view: The new Pentium B70 will form an independent three musketeers in the medium-sized car market with Geely Xingrui and Chery Arrizo 8. Compared with competitors, the new Pentium B70 has certain product advantages in size, power and configuration, and it is believed that it will gain a good market share after listing.

Wonderful content review:

Do you really know young people better than young people? Try Pentium T90

Pentium T90 is officially listed at a price of 100,000-146,999,000 yuan.

2023 Shanghai Auto Show: FAW Pentium T90 officially unveiled.

According to the latest revelations, the Huawei Mate 70 series not only continues Huawei’s consistent high-end business style in design, but also innovates in details, making it the most recognizable and business-minded generation in the Mate series.

The Huawei Mate 70 series continues to use the iconic round lens module in design, but this time it has added new design elements. This integration not only makes the appearance more unique, but also enhances the overall business sense and recognition. Whether in business meetings or daily use, the Mate 70 series can become the most eye-catching focus in the hands of users.

In terms of screens, the Mate70 series offers two options: pure straight screen and micro-curved screen, both of which are designed with large screens to meet the needs and preferences of different users. Whether it is users who pursue the ultimate visual experience or users who prefer traditional straight screens, the Mate70 series can provide satisfactory choices.

Huawei Mate70 series is expected to be equipped with a new image ISP technology, which not only means a significant improvement in chip performance, but also a significant improvement in video recording capabilities. In addition, the new machine will also launch a new Kirin chip, which is expected to run more than 1.10 million points, which will return the Mate70 series to the first echelon of performance and meet all user expectations for high-performance mobile phones.

The Huawei Mate 70 series will be pre-installed with the latest Pure Blood Hongmeng system, which not only provides users with a smoother and more secure experience, but also demonstrates Huawei’s innovation and leadership in the field of operating systems.

The new Mate series machines in successive generations have been highly sought after and are often in short supply. According to the blogger’s revelations in the comment area, although the stock of the Mate 70 series is sufficient, in the face of the enthusiasm of the majority of users, "grabbing" will become the norm. Therefore, for users looking forward to the Mate 70 series, it will be key to prepare in advance and seize the opportunity to launch.

Summarizing the previously leaked information, the Huawei Mate 70 series is expected to officially debut in October-November. At that time, this new machine, which integrates innovative design, excellent performance and advanced systems, will undoubtedly become the focus of the market.

Dear friends, have you ever been worried about choosing a car? AT, CVT, DCT, these terms are dazzling. Today, I will give you a general idea of the difference between these gearboxes, so as to help you not be confused when choosing a car.

1. Manual gearbox (MT)

First of all, we have to talk about the manual gearbox, which is MT. This kind of gearbox needs us to do it ourselves and shift gears according to factors such as speed and speed. It’s like a "hands-on" friend, which needs us to worry more. But it is this "hurry-scurry" that makes many people feel that MT is a bit troublesome. Moreover, many novice drivers are not sure about the timing of shifting, and it is easy to have problems such as frustration and flameout. So, MT gearbox is more suitable for drivers who like driving and pursue a sense of control. Low fuel consumption, cheap maintenance and high durability.

2. Automatic gearbox (AT)

Automatic gearbox, that is, AT, can be said to be the gospel of lazy people. Step on the accelerator and the gearbox will automatically help you choose the right gear. There is no need to worry about the frustration caused by the wrong shift timing. Moreover, the AT gearbox has fast response speed and smooth shifting, which makes driving easier. However, AT gearbox also has its shortcomings. First of all, its cost and maintenance are relatively high; Secondly, some AT gearboxes will feel frustrated at low speed. So, AT gearbox is more suitable for friends who pursue driving comfort.

3. Continuously variable transmission (CVT)

Continuously variable transmission, that is, CVT, can be said to be the "chameleon" in the transmission. It is not in the traditional sense, but transmits power through two cone wheels and steel belts. This means that it can continuously change the transmission ratio and make the acceleration of the vehicle smoother. CVT gearbox performs very well in urban commuting and daily transportation, and its fuel consumption is relatively low. But ah, CVT gearbox also has its shortcomings. For example, its carrying capacity is relatively small and it is not suitable for intense driving; For another example, some CVT gearboxes will slip when accelerating rapidly. So, CVT gearbox is more suitable for friends who pay attention to economy and comfort.

4.（DCT）

Dual clutch gearbox, namely DCT, can be said to be the choice of high-end players. It combines the advantages of manual gearbox and automatic gearbox, and has the characteristics of fast response and smooth shift. At high speed, DCT gearbox can provide better acceleration performance and fuel economy. But ah, DCT gearbox also has its shortcomings. For example, its manufacturing cost is high; For another example, the technical requirements for drivers are relatively high. So, DCT gearbox is more suitable for friends who pursue high performance and driving pleasure.

Having said that, everyone should have a general understanding of these gearboxes. Actually, which gearbox to choose depends on your own needs and preferences. If you are a driver who likes driving and pursues a sense of control, then MT gearbox is definitely the best choice. If you are a friend who pursues driving comfort, then AT gearbox is definitely more suitable for you. If you are a friend who pays attention to economy and comfort, then CVT gearbox will definitely not let you down; If you are a friend who pursues high performance and driving pleasure, then DCT gearbox can definitely meet your needs. Personally, I recommend Aisin and ZF AT gearbox, but CVT doesn’t recommend it.

Finally, what I want to say is that no matter what kind of gearbox you choose, safety is the most important. So, while enjoying driving, we should always remember that safety comes first! I hope this article can be helpful to everyone, and I wish you all the best in choosing your favorite model! If you like it, just like it. If you don’t like it, just say something about me.

Some time ago, the state levied a purchase tax on new cars that met certain conditions by half. Recently, many friends asked how Xiaobian Lingda was. Today, Xiaobian will focus on the outstanding advantages and disadvantages of GAC Toyota Fenglanda models, and then friends can judge whether Fenglanda is worth buying. Let’s talk about advantages first:

1. Excellent engine NVH. In fact, the tire noise and road noise of Fenglanda are not prominent, but the sound and vibration of the engine are well suppressed. During the test drive, the engine had already started. I thought it was still starting. It was really quiet.

2. The chassis has excellent shockproof performance. Fenglanda’s suspension will have strong flexibility and high-grade feeling. In addition, the vibration filtering effect of the front and rear axle suspensions is relatively consistent, and there is no sense of disconnection and unnecessary vibration, which can absorb vibration at one time.

3, gearbox performance is absolutely favorable. No matter at any speed and load, the gear shifting action of Flanders’ gearbox is almost absolutely smooth and the dynamic response is super fast. Secondly, the response of manual mode of gearbox even reached the speed of super-running level, which was excellent.

4. The steering feel is the best of its kind. No matter the gain characteristics of speed and angle, the linearity and variation range are particularly good. The only regret is that the steering damping will suddenly increase when the input speed is low and the angle is large. Generally speaking, there will be a strong sense of stability and center at high speed, and it will be lighter at low speed.

5. The braking performance is also very good. At the ambient temperature of 30 degrees Celsius, the distance of braking to zero in 100 hours is 37 meters, which is very good for this model, and the brake feel is not bad.

These are the advantages of (||), and then talk about its disadvantages:

1. The dynamic performance is average. In the outdoor environment of 30 degrees Celsius, the acceleration time from zero to 100 is 10.6 seconds, which is really a little slow. During the whole acceleration process, it can be clearly seen that the power output of the middle engine is weak. Even in daily driving, if there is a great power demand, the engine must reach a high speed to meet the power demand.

2. Compared with the same level, the back row space has no advantage. There is no bright spot at the rear of the vehicle except for the adjustable seat back angle. A medium-sized man of 172cm sits in it, and the space in his head and legs is a little cramped. In addition, the short length of the seat cushion aggravates the discomfort of riding.

3. The interior lacks freshness. Feng Landa’s interior design layout is the same as that of (||) and (||), which is incompatible with the exterior design of young sports.

4. The image quality of the central control LCD screen is average. First of all, only the second roof is equipped with a 9-inch central control screen, and the other configurations are all 8 inches. The visual effect is very general, and the clarity, fluency and screen ratio of the screen are far behind the competing products.

5. The configuration is not high. Only the top is equipped with a large LCD instrument panel, leather steering wheel, automatic air conditioning, side airbags, parking radar, panoramic sunroof, etc., and the configuration of the middle and low models is very shabby.

After experiencing Feng Landa, you will be amazed at the powerful genes of Toyota brand. Fenglanda is a compact city under Toyota. There won’t be too many surprises, and there won’t be unacceptable bad feelings. If you don’t use the rear row very often, prefer to drive, and don’t have high requirements on configuration, Feng Landa is also a model worth choosing.

　　IT House reported on November 13th that HP seems to be developing a brand-new folding device. Judging from the current patent map, its shape is quite different from Spectre Fold released last year. HP stopped using the "Spectre" brand earlier this year.

　　The United States Patent and Trademark Office (USPTO) recently published a 16-page patent document submitted by HP. The document was submitted in April 2021, but it was not officially made public until November this year. The document describes a foldable device in detail, which adopts flexible display screen, hinge and spring mechanism and can be folded into a compact shape.

　　As can be seen from the patent drawing, the device adopts a "three-fold screen" design, which can fold both sides of the screen inward to form a more compact shape, which is more "extreme" than the folding method of Spectre Fold.

　　Hewlett-Packard said in the patent document: "The progress of flexible flat panel display technology, especially the development of rollable display screen, makes it possible to manufacture thinner and more portable products."

　　It is worth noting that HP has abandoned traditional brands such as Spectre, Pavilion and Envy this year, and launched brand-new Omni and Elite brands, which are aimed at consumers and enterprises respectively. Spectre Fold, launched last year, is a 17-inch folding screen laptop with a price as high as $4,999.99 (Note from IT House: currently about RMB 36,189), equipped with Intel Core i7-1250U processor, 16GB memory and 1TB solid state drive.

　　It is worth mentioning that Huawei has previously launched the world’s first three-fold mobile phone Mate X, and Samsung has also applied for a three-fold mobile phone patent.