Text | Kanjian Finance

Internet companies are coming out of the trough, and the performance of some emerging Internet companies has even reached new highs.

In this context, the share prices of some leading Internet companies are obviously undervalued by the market, such as Tencent, Meituan, Kuaishou and other Internet Tech Giants. Despite their continued high performance, their share prices are still far from their peak. Obviously this is unreasonable.

Although the Hong Kong stock market has been affected by the interest rate hike cycle and the interest rate cut cycle has been delayed, the valuation of our Internet Tech Giants, one of the largest markets in the world, urgently needs to be reassessed.

On June 6, Meituan disclosed the 2024 Quarter 1 performance report. The financial report shows that the first quarter achieved revenue of 73.30 billion yuan, an increase of 25% year-on-year; net profit was 5.369 billion yuan, 3.358 billion yuan in the same period last year, an increase of 59.9% year-on-year; adjusted net profit was 7.488 billion yuan, 5.491 billion yuan in the same period last year, an increase of 36.4% year-on-year.

Judging from the performance data, this is a "answer sheet" that satisfies the market.

In the face of strong performance, Meituan founder and CEO Wang Xing attributed it to the continued stable recovery of the local consumer market this year, which has led to the steady development of Meituan’s various businesses.

Through Meituan’s performance, we can also see the strong vitality of our society, especially in the field of basic consumption, where our purchasing power is still considerable, which further proves that our market still has great potential.

In addition, Meituan revealed in the earnings report that the instant delivery business achieved strong growth in Quarter 1, the annual active users of the takeaway business increased to nearly 500 million, and the transaction frequency of medium and high frequency users further increased year-on-year. Driven by this, the number of instant delivery orders on the platform increased by 28% year-on-year to 5.46 billion in the quarter.

The financial report also shows that in the first quarter, the average daily order volume of Meituan flash sale reached 8.40 million, and the number of annual active users and transaction frequency achieved strong growth year-on-year.

In terms of research and development, Meituan invested 5 billion yuan in R & D in the first quarter, aiming to continue to promote the efficiency of the retail industry through technological innovation. It is reported that the average annual transaction frequency of Meituan platform annual transaction users has increased steadily to more than 50 times, and the number of users and merchants has ushered in a new high.

From the above data, it is not difficult to see that Meituan’s various data have confirmed that the consumer market is gradually picking up.

In fact, Meituan’s share price has been one step ahead of the performance. Meituan’s share price has doubled in three months since the beginning of February, and although it is still at a low level, the dawn has begun to appear.

"We are evaluating and studying various markets around the world, and the Middle East is one of them. We are also evaluating some other markets, including Europe or South East Asia," Mr. Wang said on the earnings call.

From Wang Xing’s words, we can easily get a glimpse into the future strategic direction of Internet companies.

In fact, not only Meituan, other companies are not limited to Internet companies, and they are all seeking to "go overseas". In particular, ByteDance, Pinduoduo and other companies have already set an example, so it is normal for Meituan to have this action.

Perhaps aware of the attention paid to Meituan’s "going overseas", Wang Xing immediately said, "We don’t have much substantive progress to share at present. We haven’t confirmed it yet, it’s still in the preparatory stage."

According to reports related to Tiger Sniff, Meituan’s overseas business has opened 9 recruitment positions in Riyadh. On the domestic recruitment website, Meituan is also looking for experts who are familiar with Saudi Arabia and proficient in Arabic. And currently within Meituan, going overseas has been upgraded to a "first-in-command project".

Of course, Meituan is not safe from worries in addition to going overseas to expand the market. It also faces the impact of short video platforms such as Douyin and Kuaishou on Meituan’s local life. Reports show that the total transaction value of Douyin’s life service platform will increase by 256% in 2023, and stores will cover 370 + cities. In addition, according to media reports, Douyin’s life service sales in the first quarter exceeded 100 billion, with a growth rate of more than 100% compared with the same period last year.

It can be seen that although Meituan has achieved good results, the pressure is not small.

Kanjian Finance believes that Meituan’s position in the local life field will not be shaken in the short term, but in the long run, it is inevitable that Meituan’s business will be cannibalized. Therefore, Meituan must accelerate its overseas expansion and further expand its overseas market in order to stabilize its market position.

Of course, in addition to stabilizing the basic market, Meituan also needs to assume more social responsibilities. As Wang Xing said, as a beneficiary of the growth of the industry, Meituan will continue to firmly fulfill the mission of "helping everyone eat better and live better", and actively lead the digital transformation and upgrading of the retail industry of goods and services. I believe that there will be more synergy effects between various businesses in the future, and continue to create greater value for all industry participants.

1905 movie network news　The State Film Administration and the State Administration of Radio, Film and Television have released the latest project approval news! This means that another wave of new films and dramas is about to hit!

In terms of movies, there are many popular episodes of the same name, happy twist new works, and so on.

In terms of TV dramas, the movie starring Zhou Dongyu Kancheng Takeshi will be remade into a drama, and Annie Baby’s "Farewell to Vian" remake is also on the list. In addition, we also like to mention Zhu Yilong’s new drama…

Without further ado, let’s take a look!

Movie: The movie version of "Hua Qiangu" is finally here

Diao Yinan cooperates with Zhou Dongyu and Liu Haoran

"Hua Qiangu"

The picture shows the poster of the TV series version of "Hua Qiangu"

The film version of "Hua Qiangu" has been approved by the company approved by Tang Lijun, one of the producers of the drama version of "Hua Qiangu" – New School Culture Media Co., Ltd.

In 2017, it was rumored on the Internet that "Hua Qiangu" would be filmed. At that time, the news said that it was difficult for the protagonists of the drama to gather together, and the female protagonists of the movie version were intentionally selected from Guan Xiaotong, Di Lizheba, and Angelababy. In addition, Zhao Youting, Li Xian, and Hou Minghao were also selected actors for the movie version of "Hua Qiangu" at that time.Some media have called the copyright owners of the TV series and movie "Hua Qiangu", but the response was that the actors had not been determined.

Now that the film version has been approved for filming, who do you most expect to star?

"Moses on the Plain"

Adapted from the original book of the same name by Shuang Xuetao, the film will be produced by Diao Yinan, directed by Zhang Ji, and starring Zhou Dongyu and Liu Haoran.

As is known to all, Diao Yinan is renowned internationally for his gold and silver double bears. Zhou Dongyu and Liu Haoran are also young actors who are recognized for their acting skills. The original book "Moses on the Plain" was given a high score of 8.3 in Douban Reading.

With such a team and script, it’s hard not to look forward to it!

"New Furong Town"

The picture shows the old poster

The film "New Furong Town" written by Li Tao and Bu Yangui was approved for filming!

In 1986, "Furong Town" directed by Xie Jin and starring Jiang Wen and Liu Xiaoqing won two best film trophies. Since then, this ancient town has become famous all over the country. After more than 30 years, Furong Town has undergone many changes.

The story of "New Furong Town" is also closely related to the changes in Furong Town.

Happy Twist has a new film!

The new happy twist film "Country Girls Basketball Team" written by Han Xu and Saki Rengui has been officially approved. It is reported that the film focuses on a rural teacher and a basketball team composed of rural girls with basketball as the starting point.

From the perspective of the entry point, this will again be a work of laughter and tears.

Ice Hockey Trail

The picture shows the European version of the poster

In 2018, the Longyue China-EU cooperation project laboratory solicited outstanding film ideas around the world, and the 3D animation film idea "Ice Hockey Dream Trail" selected by Ori Animation was successfully selected.

"Ice Hockey Dream Trail" tells a story about dreams, and choosing the project at this time also means a gift to the 2022 Olympic Winter Games.

TV drama: Main theme works re-approved

A large number of excellent novel adaptations have emerged

"Merit."

The picture shows Zheng Xiaolong

"Merit" is directed by Zheng Xiaolong and co-directed by Shen Yan, Lin Nan, Yang Wenjun, Mao Weining, Kang Honglei, Yan Jiangang and Yang Yang.

The play is divided into eight units: "Yu Min", "Shen Jilan", "Sun Jiadong", "Li Yannian", "Zhang Fuqing", "Yuan Longping", "Huang Xuhua" and "Tu Youyou", which tell the stories of eight meritorious characters.

"We don’t seek to write a long biography of each meritorious character, but to intercept the most colorful part of their life, so that the theme is prominent, the structure is exquisite, the characters are distinct, and the plot is compact. We not only pursue the different styles of the grouped stories, but also achieve the unified integration of the whole, so that the majority of audiences can understand, understand and like to read," Zheng Xiaolong said.

This creative form is similar, and I wish you the same praise!

"Farewell to Vian"

Annie Baby’s original book "Farewell to Vian" includes short stories such as "Farewell to Vian", "July and Ansheng", "Warm" and "Seven Years".

Previously, the movie version of "July and Ansheng" starring Zhou Dongyu and Ma Sichun was a hit at the box office. Later, iQIYI led a remake of the TV series of the same name, starring Shen Yue and Chen Turin.

This time, I wonder if you are also looking forward to the story of "Goodbye Vian", and who do you want to star in it?

"Finally Waiting for You"

The picture shows the poster of the movie version of "Like You"

The movie "Like You" starring Takeshi Kancheng and Zhou Dongyu will be remade in the drama version! The original book of the same name in the drama version – "Finally Waiting for You".

The story tells the story of Gu Shengnan, the little chef, and Lu Jin, the boss, from happy enemies to "friends with food", and sparks of love in the coexistence of day and night.

In the movie version, although Zhou Dongyu and Takeshi Kancheng are quite different in age, they are full of cp. It is reported that the male and female protagonists of the drama version are Lin Yushen and Zhao Ruth.

Lin Yushen plays Yang Xiao in the new version of "Yitian Dragon Slayer". In the play, his love with Ji Xiaofu is regrettable.

In recent years, Zhao Ruth has also starred in film and television works such as "The Sweet Wife of Cookery", "Phoenix Prisoner", "Blue Love for Life and Death" and "Oh! My Emperor, His Majesty".

"Don’t Interrupt My Study"

"Don’t Interrupt My Study" is a novel written by Yueyuguang. The story tells the story of Nan Xiangwan, who has "academic discrimination", waking up and returning to the second year of high school, but he has turned from a straight-A student to a scumbag, and gradually reversed his prejudice in the process of sprinting to a famous school.

It is understood that the series of the same name is directed by Chen Feihong, starring Wen Qi and Lai Guanlin.

"Biography of Yunxiang"

The picture shows the cover of the novel "Thousand Doors"

Beijing Youth Hello Culture Media’s costume drama "The Legend of Yunxiang" has been officially approved. The company has invested in the production of a large number of dramas such as "Thinking Beauty", "Walking in Blood" and "Nanyanzhai Records". Liu Yifei, Jackson Yee, Jing Boran, Zhang Xinyu and other actors are all its former partners.

This time, "The Legend of Yunxiang" is based on Fang Baiyu’s series of novels "Thousand Doors", telling the story of Yunxiang’s decision to stand up for the country and the people after experiencing high spirits, betrayal and life and death in the rivers and lakes.

The series consists of seven novels, each of which has a score of around 8 on Douban.

"Fish Leaping in the Sea at This Time"

The picture shows the poster of the TV series "General Night"

"The fish leaps in the sea at this time, and the flowers bloom on the other side of the sky." is a line from the previous hit drama "General Night".From the synopsis, "Fish Leaping in the Sea at This Time" is based on the greasy novel "General Night", and the producer is also the same company as "General Night".

Careful netizens found that the genre of "General Night" is "ancient myths", while the genre of this new drama is "ancient legends", so it is not difficult to guess that "Fish Leaping in the Sea at This Time" removes the fantasy elements and adds some new scenes.

However, the proposal of "Fish Leaping in the Sea at This Time" still aroused a lot of discussion among netizens. Is this a remake or a sequel to "General Night"?

"The Rebel."

The TV series "Rebel" jointly produced by iQIYI and Xinli has now been approved.

The play is based on the award-winning work of the same name that Yu Yu won the first prize of the People’s Literature Award, and was created by famous screenwriters Li Xiaoming and Qin Wen.It is understood that "Rebel" starring Zhu Yilong and Tong Yao partner, in addition, Wang Zhiwen, Wang Yang, Zhu Zhu will also join.

The relationship between the characters in the original novel is complicated. Although Lin Nansheng, Gu Shenyan, Lao Pan, Xu Yizhen, Ji Zhongyuan and other intelligence personnel are in different revolutionary processes, they intersect with each other. While exchanging information, they also carry out mutual struggle and counter-struggle…The film and television of the novel has been in preparation since last year and is expected to start filming at the end of the month.

In addition, Zhu Yilong and Liu Shishi’s "Dear Self" was also completed yesterday, and I believe we will meet soon!

This time, the Film Bureau has processed and filed a total of 163 story films and 22 animated films (124 feature films were filed in the last issue, and no animated films).

From the data,The number of animated films has increased significantly, and the themes are mostly traditional Chinese myths.Including "Red Boy’s Valley of Ten Thousand Secrets", "Shanhai Jing Chang’e Flying to the Moon", "Yanhuang Biography" of Shennong "and so on, which is related to the" big explosion "of, which is more conducive to the spread of traditional culture to the next generation.

In addition, there is also a "Ice Hockey Dream Trail", which is a gift for the 2022 Olympic Winter Games."New Hibiscus" and "Moses on the Plain" represent the Chinese film genre. The river is diverting to different river basins.

The recent performance of Chinese literary films is enough to prove that they can also be small and beautiful in their own field.

In terms of TV dramas, "Merit" is the main theme, which is related to the frequent "big explosions" of the main theme in recent years.

Whether it is "My Motherland and Me" in the film or "Peace Hotel" and "Operation Icebreaker" in the TV series, they all reflect the audience’s undying enthusiasm for the main theme blockbuster.

A few years ago, "leading female dramas" were all the rage.From the early days of "Ugly Girl Invincible" to the recent onesZhen HuanBiography ""The Biography of Chu Qiao", "Hua Qiangu", etc., all revolve around the story of women’s growth and struggle.

　 　 　 And this trend is gradually being broken by models such as "double male lead" and "big male lead".Now the projects of "Hua Qiangu", "Farewell to Vian" and other dramas, coupled with "Youfei", "Green Hairpin", "Song Dynasty Palace Ci" and "Emperor Phoenix Industry" to be broadcast in 2020, also mean the return of the "big female protagonist" works.

However, the audience’s eyes are becoming more and more critical. The return of the "big female protagonist" does not mean that it has reached the peak of the trend again. It still depends on how to innovate in the "routine" and how to impress the audience again.

From the filing project, whether it is a movie or a TV series, the filmmakers tend to favor IP that already has a fan group. Many projects are from original novels, movies or TV series, including the sister stories of "Dear, Loving" and the animated version of "Celebrating More Years" that were filed in previous issues.This reflects the problem of over-reliance on existing IP and a lack of originality.

However, we also hope to see sound adaptations and innovations in new films and plays.

There is no chance to win, only by accumulating wealth and creating with heart is the foundation of permanence.

I hope that domestic films and domestic dramas will bloom and get better and better!

Jackie Chan is wearing a trench coat, his expression is dignified and resolute

　"Revolution of 1911" stills

　　　Following the exposure of two English-language promotional posters, the crew released Jackie Chan’s look on the 23rd. To play the "Huang Xing", the point person of the 1911 Revolution, Jackie Chan grew a ballast beard to show his vicissitudes and cold side. This year is to commemorate the 100th anniversary of the 1911 Revolution. Coincidentally, "The Revolution of 1911" is also Jackie Chan’s 100th work since his film career. In addition to starring in Huang Xing, he will also serve as the film’s general director. It is reported that there are 63 complete characters in the film, plus other supporting roles, and more than 70 stars are expected to join. The film is tentatively scheduled to be released simultaneously in China and North America at the end of September.

　　　 Coincidentally, the film, which commemorates the 100th anniversary of the 1911 Revolution, also happens to be Jackie Chan’s 100th film. Two promotional photos revealed that Jackie Chan played Huang Xing in military uniforms and civilian clothes, respectively, with a dignified and resolute expression. It is reported that Jackie Chan is not only the lead actor in the film, but also the general director of the film.

　　　 It is reported that the film "Revolution of 1911" is the first epic film to reflect the 1911 Revolution in a panoramic perspective from a humanistic perspective. It was directed by Jackie Chan as the general director and well-known director Zhang Li. It was highly anticipated at the beginning of filming, and the super lineup was not inferior to another gift masterpiece.

　　　 In "Revolution of 1911", in addition to Jackie Chan’s role as Huang Xing, Li Bingbing will play Huang Xing’s wife Li Zonghan, and the two will share the "love in the smoke of war". Zhao Wenxuan, a Taiwanese actor who has starred in Sun Yat-sen many times in film and television, will continue to play this role. In addition, the cast also includes Jiang Wu (played by Li Yuanhong), Sun Chun (played by Yuan Shikai), Wang Yanan (played by Yuan Keding), Hu Ge (played by Lin Juemin), Jaycee (played by Zhang Zhenwu), Yu Shaoqun (played by Wang Jingwei) and Lin Peng, who has been praised by Jackie Chan. It is particularly worth mentioning that Zhang Ziyi will also make a cameo appearance in the film "Jianhu Woman" Qiu Jin, which is reported to be only about three minutes.

　　　 "Revolution of 1911" is expected to be released simultaneously in North America and mainland China on October 10, 2011.

　　First, the process of formulating three policy documents in Beijing?

　　In order to implement the "Guiding Opinions of the General Office of the State Council on Deepening Reform and Promoting the Healthy Development of the Taxi Industry" (Guoban Fa [2016] No. 58) and the Ministry of Transport, MIIT, Ministry of Public Security, Ministry of Commerce, SAIC, AQSIQ, and the Cyberspace Administration of the People’s Republic of China "Interim Measures for the Administration of Online Booking Taxi Business Services" (Order No. 60 of the Seven Ministries) (hereinafter referred to as the "two documents"), combined with the actual situation of this city, the "Implementation Opinions of the General Office of the Beijing Municipal People’s Government on Deepening Reform and Promoting the Healthy Development of the Taxi Industry" (hereinafter referred to as the "Implementation Opinions"), "Beijing Online Booking Taxi Business Service Management Implementation Detailed Rules" (hereinafter referred to as the "Detailed Rules") and "Beijing Private Passenger Through the implementation of the policy documents, we will steadily promote various reforms, promote the healthy, stable and sustainable development of the taxi industry, and provide the public with safe, convenient, comfortable and economical personalized travel services.

　　The drafting of the policy document began in June 2016. The entire drafting process fully reflects the spirit of scientific decision-making, reform and innovation. It is a process of concentrating wisdom and gathering public opinion. It is a process of in-depth investigation and research and summarizing practical experience. It is a process of focusing on studying and improving the reform policy of the taxi industry in this city and promoting the healthy, stable and sustainable development of the industry. First, the municipal party committee and municipal government have attached great importance to it and established a leading group for deepening the reform of taxis, which has conducted several special studies on the reform and development of the industry, and comprehensively and comprehensively promoted the deepening of the reform of taxis; second, it has conducted in-depth research on the situation of the taxi industry in this city and domestic and international big cities, analyzed existing problems, and more than 20 functional areas of business have participated in the research and drafting work according to their duties, implemented the spirit of the national document, and formulated relevant rules and procedures in combination with the actual situation in Beijing, providing a solid foundation for the formation and implementation of policy documents; third, the city’s policies and regulations focus on giving local governments the scale and total amount in accordance with the "two documents", supplementing the license conditions of online car-hailing platforms, vehicles and drivers, the business scope, area and duration of online car-hailing platforms Authorization in terms of ride-sharing regulations, administrative penalties, formulation of laws and regulations and standards, etc., combined with the actual situation of this city, has been further refined; fourth, in the process of drafting policy documents, public opinions have been solicited from the public, and opinions have been widely listened to by some deputies to the National People’s Congress, members of the Chinese People’s Political Consultative Conference, experts and scholars, taxi companies and drivers, individual taxi businesses, online car-hailing platform companies, drivers and passengers. According to the feedback opinions and suggestions, the relevant policy documents have been continuously revised and improved; fifth, in the process of formulating industry access conditions, handling procedures, etc., attention has been paid to professional consultation, expert argumentation, legality, and fairness review. Experts have objectively, independently, scientifically, and responsibly put forward argumentation opinions, and the drafting group has carefully studied and adopted them.

　　During the process of soliciting public opinions on the policy document exposure draft, it has attracted great attention from the general public and all walks of life. During this period, a total of 8,825 valid feedback and suggestions from the public were received, 9246. Among them, 8,345 were from websites, 469 were from e-mails, 8 were mailed, a total of 9,234 were sent, 2 and 3 were from telephone, 1 and 9 were from letters and visits. After sorting out the 9,246 opinions and suggestions, they mainly focused on three aspects. First, the qualification conditions and management of online car-hailing vehicles (3,367, accounting for 36.42%); second, the qualification and management of online car-hailing drivers (2,698, accounting for 29.18%); third, the number of taxis was regulated (1,292, accounting for 13.97%). The above three items totaled 7,357, accounting for 79.57%. In addition, a total of 1889 articles, accounting for 20.43%, were made in regulating private passenger car sharing, cracking down on illegal operations, and standardizing online car-hailing business behaviors. Among the opinions, there were 7736 expressed opinions, accounting for 83.7%, of which about 60% were in favor; there were 1510 suggestions, accounting for 16.3%. Comprehensive analysis of the overall situation of soliciting opinions, the relevant municipal departments carefully conducted a review and study, and revised and improved the three draft documents. A total of 125 amendments were made in the three policy documents, of which 77 were made in the "Implementation Opinions", 40 were made in the "Detailed Rules", and 8 were made in the "Sharing Opinions".

　　Main amendments: First, in promoting the transformation and upgrading of the industry, the expression "Revise the technical specifications of cruise cars and improve the technical standards of vehicles" is added; second, the original standard of online car-hailing vehicles "vehicle displacement not less than 2.0L or 1.8T" is adjusted to "vehicle displacement not less than 1.8 liters", "vehicle wheelbase not less than 2700 mm" is adjusted to "vehicle wheelbase not less than 2650 mm"; "7-seat passenger car displacement not less than 2.0 liters, wheelbase not less than 3000 mm, vehicle length greater than 5100 mm" is removed from the restriction of "vehicle length greater than 5100 mm"; third, the age condition of online car drivers is changed from "age male 60 years old, female 55 years old" to "not reached the statutory retirement age"; fourth, the original "vehicle installation is in line with the state and the city The expression "vehicle satellite positioning device with driving record function, emergency alarm device, the technical performance of the vehicle meets the requirements of operation safety and relevant standards of the public security department" in the relevant regulations is changed to "The vehicle is equipped with a fixed vehicle-mounted satellite positioning device with driving record function and emergency alarm device that meets the relevant regulations of the state and this city, which can send real-time location information to the supervision platform and public security organs, and real-time alarm information to the public security organs"; the fifth is to add "non-operating vehicles of organs, enterprises, institutions and social organizations shall not engage in online car-hailing operations" and other provisions; the sixth is to modify the online car-hailing freight price to "reasonably determine the online car-hailing metering method, and there shall be no improper price behavior." The seventh is to add "From the date of issuance of this implementation opinion, the online car-hailing platform companies, drivers and vehicles that have already carried out online car-hailing business in this city will be given a 5-month transition period.

　　Looking at the process of deepening the reform of the taxi industry in this city, it is a process of gathering public opinion and building social consensus. It is a process of striving to achieve scientific and democratic decision-making through relevant arguments and legal procedures, which points out the direction and lays the foundation for promoting the sustainable and healthy development of the industry.

　　What are the guiding ideology, goals and main content of deepening the taxi reform in this city?

　　(1) Guiding ideology

　　Deeply implement the spirit of the 18th National Congress of the Communist Party of China and the Second, Third, Fourth, Fifth and Sixth Plenary Sessions of the 18th Central Committee of the Communist Party of China, deeply study and implement the spirit of the series of important speeches of the General Secretary of the Supreme Leader and the important instructions on the work of Beijing, earnestly implement the decisions and arrangements of the Party Central Committee and the State Council, firmly establish the development concept of innovation, coordination, green, openness and sharing, adhere to the basic idea of giving priority to the development of public transportation and the appropriate development of taxis, and follow the principle of "passenger-oriented, reform and innovation, overall planning and standardization in accordance with the law", actively and steadily promote the reform of the taxi industry in this city, effectively improve the service level and supervision capacity, and strive to build a diversified and differentiated travel service system to better

　　(2) Work objectives

　　Promote the integrated development of cruise taxis (hereinafter referred to as cruise cars) and online rental cars (hereinafter referred to as online taxi-hailing), promote the transformation and upgrading of cruise cars, standardize the operation of online taxi-hailing, improve the management and service level of the industry, promote the sustainable and healthy development of the industry, and provide the public with safe, convenient, comfortable and economical personalized travel services.

　　(III) Main content

　　Under the framework of relevant laws, regulations and policy documents, this deepening reform is to implement the spirit of the national "two documents", and strive to build a diversified, differentiated and quality travel service system including cruise taxis and online rental cars, so as to provide the public with safe, convenient, comfortable and economical personalized travel services. On the premise of giving priority to the development of public transportation and the appropriate development of taxis, on the one hand, by reforming the management system of the right to operate cruise cars, improving the benefit distribution system, rationalizing the price formation mechanism, and encouraging large-scale operation of companies, we will promote the transformation and upgrading of the industry and improve service quality. On the other hand, we will implement license management for online ride-hailing platform companies, vehicles and drivers in accordance with the law, clarify the positioning of online ride-hailing services, and meet the high-quality travel needs of passengers through standardization.

　　1. "Implementation Opinions"

　　The first is to scientifically locate taxi services. Taxi is an integral part of the urban comprehensive transportation system, a supplement to urban public transportation, and provides personalized transportation services for the public. Taxi services mainly include parade, online reservation and other methods. Priority is given to the development of public transportation, appropriate development of taxis, and optimization of urban transportation structure. Coordinate the development of cruise cars and online car-hailing, implement dislocation development and differentiated management, and build a super-large urban passenger transportation pattern with diverse and differentiated services.

　　The second is to establish a dynamic regulation and control mechanism for the total amount. Implement the strategic positioning of the capital city, comprehensively consider the city’s population, economic development level, air quality, urban traffic congestion, public transportation development level, taxi mileage utilization rate and other factors, reasonably grasp the scale of taxi transportation capacity and the share ratio in the urban comprehensive transportation system, and establish a dynamic monitoring and adjustment mechanism. Carry out the assessment of the total amount of taxis, and prepare the development plan and implementation plan of the taxi industry, which will be implemented after approval by the municipal government.

　　The third is to deepen the reform of the cruise car. Reform the management system of the right to operate, adhere to the implementation of the free use of vehicle management rights, and the term of the cruise car management right is the same as the vehicle’s scrap age. The new cruise car management rights will be subject to term restrictions, and the operating entity may not be changed without authorization. It is necessary to comprehensively consider all aspects of factors, scientifically formulate a transition plan, and reasonably determine the operating period. Improve the benefit distribution system, encourage, support and guide cruise car operators, industry associations, cruise car drivers and trade union organizations to negotiate on an equal footing, determine the contract fee standard or quota task, and reduce the existing contract fee standard or quota task if it is too high. Straighten out the price formation mechanism, and continuously improve the cruise car freight formation mechanism and the linkage mechanism between freight and fuel prices. Encourage corporatization and large-scale operation, encourage cruise vehicle operating enterprises to integrate resources through mergers, restructuring, etc., and formulate implementation measures for the transfer, transfer, and shareholding of cruise vehicle operators in accordance with the law. Promote industry transformation and upgrading, and realize the integrated development of new and old business formats. Revise technical specifications for cruise vehicles, improve vehicle technical standards, and encourage the development of new energy cruise vehicles.

　　The fourth is to standardize the development of online car-hailing. The online car-hailing platform company should have online and offline service capabilities, and the relevant basic information and dynamic operation data should be connected to the supervision platform of the relevant departments of the city in real time. The online car-hailing platform company implements the operation right period restriction. The operation period is 4 years, and the expiration can be extended after passing the review. The online car-hailing platform company shall assume the responsibility of the carrier, the responsibility for safety production and corporate social responsibility in accordance with the law, the responsibility for the safety management of vehicles and drivers, and the purchase of relevant insurance to fulfill the responsibility of the carrier. The vehicle shall be a 5-seat sedan or 7-seat passenger car that meets the basic conditions for providing passenger transportation services, has passed the annual inspection of the public security department of this city, has purchased compulsory traffic insurance, third-party liability insurance and passenger accident injury insurance for commercial vehicles, and has the vehicle number plate of this city. The vehicle must meet the latest motor vehicle emission standards announced and implemented by this city, have no unfinished traffic accidents and traffic violations records, and meet the technical specifications of online car-hailing vehicles in this city. For vehicles that have obtained the qualification of online car-hailing, the body must be posted with a special logo for online car-hailing, and the original number plate shall be used. The period of vehicle operation rights shall not exceed 8 years from the date of vehicle registration (or when the mileage reaches 600,000 kilometers). Online car-hailing drivers must be registered with the city, have obtained a driving certificate issued by the city, have not reached the legal retirement age, are in good health, and have not committed more than 5 road traffic safety violations while driving a motor vehicle within 1 year before the date of application, and have not been included in the information database of serious violations of taxis. Individuals who apply for access to the online car-hailing service platform and drive their own vehicles to provide online car-hailing services must obtain the qualifications of online car-hailing drivers and vehicles, and have no other cruise cars or online cars under their names. Online car-hailing platform companies must maintain and protect the legitimate rights and interests of drivers, maintain the stability of the driver team, and sign employment contracts or agreements with their drivers according to law. Online car-hailing provides operation services through online reservation. Reasonably determine the pricing method of online car-hailing taxis, and there shall be no improper price behavior. Online car-hailing platform companies shall strengthen cyber security and information security protection, establish and improve data security management systems, collect, use and protect personal information in compliance with the law, and shall not disclose sensitive information involving national security. The personal information collected and the business data generated shall be stored and used in the Chinese mainland, and the retention period shall not be less than 2 years. Online car-hailing platform companies and drivers shall declare and pay taxes to the tax department according to law.After providing operation services, the online car-hailing company shall issue a special invoice for taxis in this city.

　　The fifth is to encourage private passenger car sharing. Private passenger car sharing, also known as carpooling and ride-sharing, is a shared mode of travel where the ride-sharing service provider publishes travel information in advance. People with the same travel route choose to take the ride-sharing service provider’s passenger car, share the travel cost (fuel and tolls) of the ride-sharing part, or share free mutual assistance. Private passenger car sharing is conducive to alleviating traffic congestion and reducing air pollution, and this city will encourage and regulate its development. The ride-sharing information service platform provides ride-sharing services, which must comply with the relevant regulations of the state and this city. The connected vehicles must be the city’s number plate, and the number of orders per car per day shall not exceed 2 times. Any enterprise or individual is prohibited from conducting illegal operations in the name of ride-sharing.

　　Sixth, create a good market environment. Improve service facilities, strengthen the construction of credit system, strengthen market supervision, strengthen legal system and organizational guarantee. Establish the Municipal Transportation Commission, Municipal Development and Reform Commission, Municipal Public Security Bureau, Municipal Human Resources and Social Security Bureau, Municipal Environmental Protection Bureau, Municipal Commerce Commission, Municipal Industry and Commerce Bureau, Municipal Internal Taxation Bureau, Municipal Local Taxation Bureau, Municipal Quality Supervision Bureau, Municipal Communications Administration, People’s Bank of China Business Management Department, Municipal Network Information Office and Municipal Urban Management Law Enforcement Bureau and other departments to participate in and link the joint supervision and law enforcement mechanism and joint punishment exit mechanism, establish an integrated information sharing platform, strengthen real-time supervision of the whole process of law enforcement, investigate and punish acts that hinder fair competition in the market and all kinds of price violations in accordance with the law, and severely crack down on illegal operations, gathering crowds to disrupt social order or inciting organizations to disrupt operation order and damage public interests. Regularly conduct taxi service quality assessments and release them to the public, and accept social supervision. Timely handle complaints about service quality problems, timely expose serious violations of laws and regulations, and protect the interests of passengers.

　　2. Detailed rules

　　The first is to encourage the transformation and upgrading of cruise cars. In accordance with the principle of "coordinating, standardizing and orderly development of online car-hailing, encouraging cruise taxi companies to transform and provide online car-hailing services, realizing the dislocation and differentiated operation of online car-hailing and cruise cars, and providing high-quality travel services for citizens", clarify the development orientation and develop online car-hailing in an orderly manner.

　　The second is to clarify the management requirements of online car-hailing. License management is implemented for online car-hailing platform companies, vehicles and drivers. Operators should assume the responsibility of carriers and have online and offline service capabilities. Vehicles and drivers should meet the corresponding qualification conditions. The handling process and license review procedures and content of online car-hailing service applications are clarified.

　　The third is to standardize the operation of online car-hailing platforms. Online car-hailing platform companies must ensure that the vehicles and drivers providing services have legal qualifications, and the vehicles and drivers providing services online and offline are the same. It is not allowed to illegally collect, use and disclose passengers’ personal information and sensitive information related to national security. There must be no unfair pricing behavior.

　　The fourth is to establish a multi-departmental joint supervision mechanism. Strengthen the supervision of the whole process before, during and after the event. At the same time, legal responsibilities are clarified. The "Detailed Rules" will be implemented from the date of issuance.

　　3. "Joint Ride Opinion"

　　The first is to follow the principles of public welfare ride-sharing priority, voluntary mutual assistance, safeguarding legitimate rights and interests, truthful ride-sharing information, reasonable cost sharing, and strict prohibition of illegal operations, and to clarify the requirements for the platform to engage in private passenger car ride-sharing services.

　　The second is to ensure the safety of passengers, clarify the conditions for the development of private minibus service drivers and the obligations that the ride-sharing information service platform should fulfill.

　　The third is to put forward the opinion that the online car-hailing platform company shall not provide online car-hailing services in the name of ride-sharing and ride-hailing, nor shall it conduct other illegal operation activities in the name of ride-hailing.

　　III. Why should the Beijing taxi industry carry out total regulation?

　　The "Guiding Opinions of the General Office of the State Council on Deepening Reform and Promoting the Healthy Development of the Taxi Industry" clearly requires that according to the characteristics of large, medium and small cities, the diverse travel needs of the public, and the development orientation of taxis, comprehensive consideration should be given to factors such as population, economic development level, urban traffic congestion, and taxi mileage utilization rate. Reasonably grasp the scale of taxi transportation capacity and the share ratio in the urban comprehensive transportation system, establish a dynamic monitoring and adjustment mechanism, and gradually realize market regulation.

　　The city has established a dynamic regulation mechanism for the total number of taxis, making it clear that both cruise cars and online taxis must have a reasonable capacity scale and structure, mainly based on the following considerations:

　　First, taxis are characterized by the randomness of both parties and the one-time consumption, which makes it difficult to fully realize the marketization and liberalization of competition.

　　The second is that taxis are passenger cars, which occupy a lot of road resources and have negative externalities such as uneconomical and aggravated traffic congestion.

　　Third, the vast majority of international megacities (Tokyo, New York, etc.) and domestic megacities implement capacity control for taxis, which is also an inevitable requirement for the development scale and management of megacities.

　　Fourth, as a super-large city, Beijing is making great efforts to control "urban diseases". In the work of traffic and air pollution control, on the one hand, it implements a clean air action plan, advocates green travel, reduces motor vehicle pollution emissions, improves air quality, and gives Beijing a blue sky. On the other hand, adhere to the public transportation priority development strategy, make rational use of road resources, reduce the intensity of motor vehicle use, and ease traffic congestion.

　　IV. Why is it stipulated that online car-hailing drivers and online car-hailing vehicles are registered in this city and vehicles in this city?

　　Mainly consider the following factors:

　　The first is the development requirements of the functional positioning of Beijing’s "four centers". To implement the urban functional positioning of Beijing’s national political center, cultural center, international exchange center and scientific and technological innovation center is to take the strategic positioning of the capital city as the starting point, fully implement the coordinated development strategy of Beijing-Tianjin-Hebei, build Tongzhou urban sub-centers, orderly relieve non-capital functions, optimize and enhance the core functions of the capital, create a first-class living, transportation, public security and ecological environment, and build Beijing into a world-class harmonious and livable capital.

　　The second is the requirement to manage "urban diseases" and relieve non-capital functions. One of the main reasons for Beijing’s "urban diseases" is the disorderly and rapid growth of the population, which seriously affects the core functions of the capital. The first thing to manage "urban diseases" is to strictly control the population size, and by 2020, the population will be controlled at 23 million. At the same time, according to the requirements of building a "high-precision" economic structure, urban employment will mainly be developed in high-end service industries and high-tech industries. Taxi is not only a window industry in the capital, but also a labor-intensive industry. Its future development will inevitably involve population size control, industrial development and employment orientation. This is also an objective requirement for managing "urban diseases" and realizing the functional positioning of the "four centers" in the capital.

　　The third is the requirement to control traffic congestion. At present, the number of motor vehicles in this city has reached more than 5.7 million. The trend of high-intensity use, high-density clustering, and high-speed growth of motor vehicles has not been fundamentally alleviated. Traffic congestion spreads outward from the core area of the city, which has far exceeded the carrying capacity of road resources and the environment. In recent years, the city has continued to implement measures such as total motor vehicle volume control (limited purchase by lottery number) and motor vehicle request management during peak hours on working days (one day less driving per week). At the same time, restrictions have also been implemented on the purchase of cars by non-Beijing citizens and vehicles entering Beijing from other cities. These policies and measures have curbed the trend of increasing traffic congestion to a certain extent and achieved certain governance results. In the future, we will continue to implement comprehensive measures to manage traffic and ease congestion.

　　The fourth is the requirements of policies and regulations. First, Decree No. 412 of the State Council "Decision of the State Council on Establishing Administrative Licensing for Administrative Examination and Approval Items That Really Need to Be Retained" establishes administrative licensing matters for taxi operation, vehicle operation and driver qualification. Second, Decree No. 60 of the Ministry of Transport and other seven ministries and commissions clearly requires that the urban people’s government can stipulate relevant access conditions according to the actual situation. The city’s policy documents are in line with the objective needs of the capital city’s functional positioning and management of "big city diseases caused by excessive population and function aggregation". Third, the "Regulations on the Administration of Taxi Vehicles in Beijing" clearly stipulates that "taxi drivers must have a permanent household registration in this city". Fourth, taxi management belongs to local affairs, and local governments have the right to make relevant policies and regulations in accordance with laws and regulations.

　　How do you perceive the regulations on the conditions and displacement standards of online car-hailing vehicles?

　　Deepening the reform of taxis, many cities have put forward clear standards for the conditions of online car-hailing vehicles (such as displacement and wheelbase, etc.). The main purpose is to set vehicle standards for commercial vehicles, which is a common practice in the transportation industry. It is also necessary to ensure operational safety and improve service quality. The second is to make online car-hailing meet the requirements of high-quality and differentiated services.

　　The specific standards put forward by Beijing for the vehicle conditions of online car-hailing fully consider the factors of vehicle power, handling, safety, appearance, configuration, etc., and are also conducive to the integrated development of cruise cars and online car-hailing cars. They are in line with the clear requirements of "high-quality service and differentiated operation" in various places according to the actual situation of the city put forward in Document No. 58, which is of positive significance for establishing the image of an international metropolis service window.

　　How can cruise cars and online car-hailing achieve integrated development?

　　There are 71,000 taxis in the city (including electric minibuses operated in suburban areas). Since the 1950s, the taxi industry in our city has provided convenient, safe and personalized travel services for domestic and foreign guests and citizens of the city. There are also many advanced collectives such as model workers and the National Pioneer Workers in the industry. During special periods such as holidays, Golden Week and bad weather, transportation management departments and taxi companies organize taxi drivers, industry Communist Party Party members’ fleets and caring public welfare fleets, and "Beijing Taxi Star" and other outstanding drivers organize or spontaneously carry out airport and railway station capacity support, making positive contributions to city operation and domestic and foreign passenger travel. Since August 2015, the industry has promoted the "Internet +" strategy. The "Shouqi Car-hailing" platform created by Shouqi Group has nearly 5,000 online cars, equipped with mid-range and above models, and has 2.18 million registered users in Beijing. Recently, wheelchair-accessible barrier-free online car-hailing has also been launched to provide new personalized services for people with mobility disabilities.

　　For many years, the passenger transportation mode characterized by the "door to door" of the cruise car has occupied a place in the urban transportation system and met some of the personalized travel needs. Passengers can choose from a variety of methods such as beckoning for a ride, waiting at the station and calling for a ride by phone, and online car-hailing. Due to the implementation of government pricing, the freight rate of the cruise car is still stable in bad weather, morning and evening peaks. During holidays, Golden Week and bad weather and other large passenger flow periods, the cruise car starts to implement capacity guarantee programs at airports, railway stations, etc. to meet the needs of passengers. At the same time, we also see that there are certain limitations and problems in the operation and management of cruise vehicles, such as vehicles mainly carrying passengers on road cruises, asymmetric supply and demand information, strong randomness, and easy to generate empty mileage; when the contradiction between vehicle supply and demand is serious, drivers are prone to refuse to load, pick jobs, and poor service quality. Very few drivers have serious violations such as detours and overcharging.

　　Online car-hailing is an emerging business format in the past two years. Its platform is formed by relying on Internet technology and has the advantage of big data processing. It can directly connect and match online and offline supply and demand information; match the demand for some cars during peak hours through full-time and part-time models; realize real-time evaluation and supervision of driver services through passenger online evaluation; vehicle grades, ride comfort and service have been improved, reflecting the concept of resource sharing to a certain extent. However, online car-hailing also has limitations. For example, online car-hailing still belongs to the category of car transportation, which has great limitations compared with the concept of public transportation priority and green travel advocated in big city transportation. Due to the lag of relevant laws and regulations, online platforms, vehicles, and drivers do not have legal operating qualifications. The platform does not bear the responsibility of the carrier, and it is difficult to effectively protect the safety and rights of passengers. The phenomenon of low-price competition and high prices during special periods infringes the interests of passengers and the level playing field. At the same time, there is also the risk of information leakage.

　　As an integral part of the urban comprehensive transportation system, taxis account for only a small part of the transportation structure and mode in a super-large city like Beijing. At present, the city is accelerating the construction of a diverse and differentiated urban passenger transportation pattern. On the one hand, it vigorously advocates and develops green travel modes such as rail transit, ground public transportation, bicycles, and walking, while taking into account the travel modes of taxis, rental minibuses, public rental bicycles, electric express vehicles, tourism and inter-provincial passenger transportation and private minibuses. All these transportation modes will meet the multi-level and diverse travel needs of the public, and together form a safe, convenient, efficient, green and economical Beijing modern comprehensive transportation system that matches the world’s first-class harmonious and livable capital.

　　Cruise cars and online car-hailing are two service methods for taxis. In the future, the two service methods will be integrated and developed, and will be integrated with urban passenger transportation to meet the personalized travel services of passengers.

　　The first is to promote the reform of cruise cars. Carry out in-depth reforms in terms of operating period, benefit distribution, large-scale operation, and price mechanism. At the same time, encourage cruise cars to transform into providing online ride-hailing services, and encourage cruise cars to provide e-hailing services through telecommunications, the Internet, etc., in order to improve operational efficiency and service levels.

　　The second is to standardize the management of cruise cars and online car-hailing cars to provide passengers with safe, convenient, comfortable and economical personalized transportation services. Whether it is a cruise car or an online car-hailing car, it has clear regulations and supervision on its operating enterprises, platform companies, driver qualifications, vehicle standards, service levels, business behaviors, and metering methods.

　　The third is to clarify specific regulations and regulatory measures according to the different positioning and characteristics of cruise cars and online car-hailing. Cruise cars and online car-hailing cars should seek opportunities for integrated development in the passenger transportation market competition, and gradually build a new market system that is both independent and complementary to each other through "Internet + taxi".

　　The fourth is to adhere to the passenger satisfaction-oriented approach, and by promoting the reform of cruise cars and the regulation of online car-hailing, we will build a diverse service system, improve the quality of taxi services, better meet the needs of the people, and allow the people to share the fruits of reform.

　　How can the city optimize the travel structure and improve the level of travel services?

　　First, we must give priority to the development of public transportation, and vigorously develop green travel methods such as rail transit, ground public transportation, bicycles, and walking. By 2020, we will strive to increase the proportion of green travel from the current 70% to 75%. Focus on building a super-large urban passenger transportation pattern with diverse services. During peak traffic periods and congested road sections in cities, citizens are encouraged to give priority to public transportation and shared travel, improve the overall operation efficiency of urban transportation, and reduce motor vehicle pollution emissions. Strive to increase the operating mileage of Beijing’s rail transit from the current 554 kilometers to more than 900 kilometers by 2020. The coverage rate of 750 meters of rail transit stations in the central city will reach 90%, forming a 15-minute radius circle of subway stations. Build a ground bus rapid commuting system, strive to achieve a 1000-kilometer continuous network of bus lanes, improve the speed of ground bus operation, and promote various customized bus lines, so that commuting will be more convenient and fast. Build a 3200-kilometer bicycle road system, continue to add 50,000 public rental bicycles, with a total scale of more than 100,000, encourage and standardize the development model of shared bicycles, and better solve the problem of public short-distance green travel and the "last kilometer" connection of public transportation. Create good conditions for building a world-class harmonious and livable capital.

　　On the other hand, according to the positioning that taxis are an integral part of the urban comprehensive transportation system and a supplement to urban public transportation, providing personalized transportation services for the public, it is necessary to deepen the reform of taxis, coordinate the development of cruise cars and online car-hailing cars, and integrate with urban passenger transportation to meet the personalized and differentiated travel services of passengers. Comprehensive use of policies, technologies, markets and other means to encourage the transformation of cruise cars to provide online car-hailing services, and encourage cruise cars to provide e-hailing services through telecommunications, Internet and other means to improve operational efficiency and facilitate public travel; the same standardized management of online car-hailing and cruise cars, clear specific regulations and regulatory measures to provide high-quality travel services for passengers; increase efforts to crack down on illegal operations and safeguard the legitimate rights and interests of passengers. To provide the public with safe, convenient, comfortable and economical personalized travel services.

　　What provisions does the policy document make to protect the interests of passengers?

　　Online car-hailing is a way to provide travel services for the public. Ensuring the safety of passenger travel is the bottom line requirement of transportation services, and it is also the starting point and end point that the policy formulation process focuses on. The requirements are mainly made from the following aspects: First, the access review is carried out in advance. In order to protect the interests and safety of passengers, necessary regulations have been made on the qualifications of online car-hailing platforms, vehicles and drivers to ensure the basic conditions and capabilities of online car-hailing safety services. Second, it is clear that online car-hailing platform companies must bear the responsibility of the carrier. The online car-hailing platform company shall bear the carrier’s responsibility, safety production responsibility and corresponding social responsibility in accordance with the law, assume the safety management responsibility of vehicles and drivers and the stability responsibility of the driver team, purchase relevant insurance to fulfill the carrier’s responsibility, and have a clear responsibility subject in the event of an accident to protect the legitimate rights and interests of passengers and drivers and other parties, and reduce disputes. The third is to reasonably determine the online car-hailing metering method, and there must be no improper price behavior. The fourth is the supervision of the whole process by relevant departments beforehand, in and after the event. The online car-hailing platform company is required to implement the main responsibility of the carrier, strengthen the safety and service management of the operation process, access the dynamic data to the supervision platform in real time, and strengthen the supervision of the whole process of enterprise business behavior and daily operation by government At the same time, through the online car-hailing platform and service end points, real-time dynamic monitoring of vehicle operation and service process is carried out to ensure passenger safety. Fifth, establish the operating period system and service quality credit assessment system. Those who fail to meet the requirements of service quality will be withdrawn. Establish online car-hailing platform companies and driver credit records, incorporate them into the credit information sharing platform, and accept social supervision. Sixth, strengthen industry self-discipline. Taxi associations play a role in guiding enterprises to standardize their operations and establish a system of online car-hailing platform companies and drivers with bad records. Seventh, severely crack down on illegal operations, cloning cars, and price violations. Establish a long-term mechanism to crack down on illegal operations, deal with passenger complaints in a timely manner, expose serious violations of laws and regulations, and safeguard the legitimate rights and interests of

　　What are the specific regulations on the application and process of online car-hailing platform companies, drivers, and vehicle practitioners?

　　This city implements "one-stop acceptance and full-process agency" for handling relevant online car-hailing qualifications. From December 21, 2016, online car-hailing platforms and vehicle applications will be accepted at the Municipal Transportation Commission Business Window of the Municipal Government Service Center, and online car-hailing driver applications will be accepted at the official website of the Municipal Transportation Commission and the Municipal Transportation Examination Center (9 outlets). The Municipal Transportation, Public Security, Industry and Commerce, People’s Bank of China Business Department, Network Information, Communication and other units will carry out joint review work in accordance with their work responsibilities.

　　Platform: Article 10 of the Detailed Rules stipulates the handling process of the platform. The applicant submits an application to the Municipal Transportation Commission Transportation Administration Bureau through the Transportation Administration Business Window of the Municipal Government Service Center, and submits the application materials. After the application is submitted, the review decision is generally made within 20 working days. Under special circumstances, it can be extended for 10 working days after approval. Those who pass the review will receive the "Administrative License Decision" and "Online Booking Taxi Business License" at the Transportation Administration Business Window of the Municipal Government Service Center.

　　Driver: Article 12 of the Detailed Rules stipulates the process of handling driver qualifications. Only after a driver meets the relevant qualification conditions and passes the examination by the Municipal Transportation Examination Center can he obtain the "Online Booking Taxi Driver’s License". The applicant himself logs in to the taxi service management system through the network and submits a qualification application to the Municipal Transportation Commission Transportation Administration. After joint review by relevant departments, the Municipal Transportation Commission Transportation Administration will issue the "Notice of Audit Results" through the taxi service management system within 10 working days. The applicant can inquire, download and print by himself. The applicant who has passed the review, in accordance with the requirements of the "Notice of Audit Results", holds the relevant materials and makes an appointment to the designated examination agency to handle the appointment test and examination related matters. 4 working days after the test, the applicant can log in to the taxi service management system to check the test results. Applicants who pass the test will go to the Transportation Bureau to receive the "Administrative Licensing Decision" and "Online Booking Taxi Driver’s License" with relevant materials. The processing period is 10 working days after the test results are announced.

　　Vehicles: Article 13 of the Detailed Rules stipulates the process of handling personal vehicles. The applicant obtains the "Online Booking Taxi Driver’s License" and signs a letter of intent for the driver and vehicle to enter the network with the qualified online car-hailing platform. The online car-hailing platform company connected by the agreement submits an application to the Municipal Transportation Commission Transportation Administration Bureau through the Transportation Administration Business Window of the Municipal Government Service Center, and submits the following application materials: "Online Booking Taxi Vehicle Registration Change Application Form"; the registration certificate, driving license, applicant’s ID card, "Online Booking Taxi Driver’s License" and a copy of the vehicle registered in my name; the letter of intent for online booking taxi operation signed with the online car-hailing platform; the registration of the nature of vehicle use is changed to "Booking Taxi Passenger Transport" application form. For applicants who meet the conditions, the Transportation Administration of the Municipal Transportation Commission shall issue the "Vehicle Registration Change Certificate" to the applicant within 5 working days after receiving the application. The applicant or the entrusted agent shall, with the "Vehicle Registration Change Certificate" and related materials, go to the Municipal Public Security Traffic Management Department to change the nature of vehicle use to "reservation rental passenger transportation". After the nature of vehicle use is changed, the applicant or the entrusted agent shall install vehicle satellite positioning devices and emergency alarm devices in accordance with the provisions of the state and this city. The applicant shall complete the relevant formalities and submit relevant materials to the Municipal Transportation Administration. The Transportation Administration of the Municipal Transportation Commission shall organize vehicle testing. If the review is qualified, the "Online Booking Taxi Transportation Certificate" shall be issued. The review period shall be 5 working days. The online car-hailing platform company can only operate after registering the driver for employment.

　　Considering that after the release of the "Implementation Opinions", online car-hailing platform companies, drivers and vehicles that have already started online car-hailing business in this city will take a certain amount of time to go through the licensing procedures in accordance with the regulations, so a 5-month transition period will be given. During this period, the platform should strengthen self-regulation, and vehicles and drivers that do not meet the qualification conditions should be withdrawn.

　　What are the regulations on private passenger car sharing?

　　Private passenger car sharing, also known as carpooling and ride-sharing, is a shared travel mode in which the ride-sharing service provider publishes travel information in advance, and people with the same travel route choose to take the private passenger car of the ride-sharing service provider, share part of the travel cost or free mutual assistance. Private passenger car sharing is a civil act that is not for profit. It is a travel mode that reflects the sharing economy in the urban transportation field, which is conducive to alleviating urban traffic congestion and environmental pressure. It is obviously different from the online car-hailing commercial passenger transportation service.

　　The city’s "Ride-sharing Opinions" clarify that private passenger cars should follow the principles of "public welfare ride-sharing priority, voluntary mutual assistance, safeguarding legitimate rights and interests, true ride-sharing information, reasonable cost sharing, and strictly prohibiting illegal operations." The ride-sharing information service platform provides ride-sharing travel, which must comply with the relevant regulations of the state and this city. The connected vehicle must be the city’s number plate, and the registered driver’s ride-sharing frequency shall not exceed two times per day. The online ride-hailing platform company shall not provide online ride-hailing services in the name of Hitch, nor may it conduct other illegal operations in the name of Hitch.

　　Private passenger car sharing is currently the most in line with the sharing economy of a shared mode of travel, while alleviating traffic congestion and reducing air pollution have a positive effect. The city encourages the general public to actively carry out private passenger car sharing in compliance with the law. The regulations on limiting the frequency of ride-sharing focus on restrictions on online platforms to provide ride-sharing services and distribute orders. This is also combined with the actual situation that the average Beijing citizen commutes to and from get off work twice a day, while avoiding illegal operations in the name of ride-sharing.

　　At the beginning of the new year in 2015, with the release of the "China Communications Industry Dragon and Tiger List", Huawei has once again become the focus of industry discussions. In the 2014 annual selection activities, Huawei not only won a number of ICT industry awards, but also the P7 mobile phone, which is one of Huawei’s flagship products of BG2014, became a popular product in the end point/chip/application product selection of the Dragon and Tiger List, and won the title of "The Most Popular 4G Fashion Mobile Phone of the Year" in one fell swoop.

　　The China Communications Industry Dragon and Tiger List is co-sponsored by MIIT’s "Communication World" magazine, Communication World Network, and Lange Think Tank. As a well-known selection activity in the ICT industry, the Dragon and Tiger List has become a "yardstick" to measure the reputation of enterprises in the industry. This time, Huawei has won many awards from comprehensive strength, wireless/mobile broadband, bearer/transmission/network architecture, and end point application field with its products and services, which fully confirms the strength of Huawei’s brand and products. Huawei P7 has become the "most popular 4G fashion mobile phone", which is also the most appropriate praise for this annual masterpiece.

　　　The "Dragon and Tiger List" selection agency gave high praise to Huawei’s P7 design, photography function configuration, 4G communication standard, and Huawei’s exclusive patents, and believed that the P7 mobile phone with excellent cost performance and camera experience has "redefined the excellence of smartphones". In this regard, Huawei executives said: Relying on Huawei’s core technology, Huawei has made products that exceed consumers’ expectations.

　　As soon as Huawei P7 appeared in May 2014, it won the "2014-2015 European Best Consumer Smartphone Award" issued by the "European Audio and Video Association" for its ultra-thin body shape and excellent camera usage characteristics. It also defeated Apple, Samsung and other competitors in the subsequent Dutch mobile phone radiation detection evaluation and the "Most Purchasing Value" product selection activities held by Norway TEK, and won the "Flagship Mobile Phone with the Lowest Radiation in the European Market" and "The Most Purchasing Value Smartphone" titles. Widely praised and word-of-mouth prompted Huawei P7 to quickly capture more than 110 countries and regions in Europe, Asia Pacific, Latin America, etc., and win the favor and recognition of consumers in the global mainstream market.

　　Previously, some industry experts have commented that Huawei P7 has helped Huawei complete the transformation from low-end to high-end brand. And the market has also confirmed this view from the side. According to the data released by IDC, Samsung ranked first in the global market in 2014, while Huawei ranked third compared to Apple ranked second, with shipments of only 15 million units. In recent years, Huawei has continued to increase its efforts to expand the flagship product market, and Huawei P7, which leads the "37th 4G", has been on the "Dragon and Tiger List" this time, which undoubtedly opens a good start for the continued deepening of Huawei’s quality-focused strategy in 2015!

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　　Beer is an indispensable drink for people, coffee and tea can help people refresh themselves in the afternoon, sweet and sour juice is loved by teenagers, and the most bland water has become the most profitable drink.

　　On September 8, Nongfu Spring, known as "the porter of nature", was listed on the Hong Kong Stock Exchange, and Zhong Shanyuan, the founder who once became China’s richest man, also ushered in his highlight moment.

　　According to Qichacha data, there are currently 64,000 mineral water-related enterprises in China. In the past ten years, the annual registration volume of related enterprises has been on the rise. In 2019, 7,393 new enterprises were registered, an increase of 103% over 10 years ago. In the first half of this year, 3,929 new enterprises were registered in the mineral water industry, an increase of 8.5% year-on-year. 71% of the registered capital of enterprises is within 1 million, and only 10% are over-10 million.

　　Industry insiders point out that the listing of Nongfu Spring will have a profound impact on the entire Chinese food and beverage industry. After this leading Chinese beverage company raised a large amount of funds through the IPO, the possible business direction change, business model transformation and new product launch may attract the attention of the entire industry.

　　Why did plain water become a "money printing machine"?

　　From the veteran Wahaha to Master Kong, and then from the high-profile Hengda Ice Spring to the strong rise of Hundred Years Mountain, from a nobody to a water giant, what did Nongfu Spring rely on to rise?

　　In 1996, Zhong Shanshan, who turned from media to business, founded Nongfu Spring. At that time, the mainstream of the packaged drinking water market was still "pure water", and Wahaha and Robust were the eldest and second in the market respectively. As a latecomer, what does Nongfu Spring rely on to make a comeback? Zhong Sui believes that for a small business to grow and develop, the type of business it operates must be unique, and it must be profiteering, because there is no scale effect for you to accumulate slowly.

　　According to the data, Nongfu Spring’s main products cover packaged drinking water, tea beverages, functional beverages and fruit juice beverages. From 2012 to 2019, it maintained the first market share of packaged drinking water in China for eight consecutive years.

　　From the brand logo of "beautiful mountains and rivers", to the classic red and white mineral water bottle design, to "Nongfu Spring is a little sweet" "We don’t produce water, we are just nature’s porters" These national advertising slogans, it can be said that Nongfu Spring is not only a drinking water company, but also a first-class design company and advertising company.

　　The sales of Nongfu Spring mainly rely on the dealer network of capillaries across the country, but Nongfu Spring is also actively exploring new retail models. Smart end point retail equipment is a new attempt. As of the end of 2019, Nongfu Spring has placed nearly 60,000 smart end point retail equipment in nearly 300 cities across the country to meet consumers’ immediate purchase needs for beverages.

　　On the Cruelty of Competition from Huiyuan Delisting

　　On August 28, Nestle ? and Tsingtao Brewery Group reached a strategic cooperation. The latter will take over the drinking water business of Nestle ? in China for many years, and Nestle ?’s own brand "Nestlé Youhuo" will also be operated by Tsingtao Brewery.

　　When Nestlé exited the Chinese market, many people were wondering whether such a big world-class giant had given up on China’s bottled water market. Was bottled water really not profitable? Soon, Nongfu Spring used its own listing to tell the answer.

　　In 2019, Nongfu Spring’s annual revenue was 24.021 billion yuan, and the profit was nearly 5 billion yuan. As for the Nongfu Spring mineral water we are most familiar with, every 1 yuan of sales revenue can bring a gross profit of 6 cents.

　　At present, Nongfu Spring is undoubtedly the king of the industry, but who can predict what will happen next. In the beverage industry, it happens from time to time to catch up, surpass and lag behind. In 2007, Huiyuan successfully listed as the first stock in Hong Kong Chinese New Year, which was enthusiastically sought after by global investors, and the scale of financing reached 2.40 billion Hong Kong dollars. In 2007, Zhu Xinli, founder of Huiyuan, ranked 91st on the Forbes China Rich List, with assets of 6.13 billion yuan on the list.

　　At that time, Huiyuan was also very popular. In addition, Coca-Cola later offered a high price of 17.92 billion Hong Kong dollars to acquire Huiyuan, Huiyuan seemed to have reached the peak of its life. However, what happened later was somewhat unexpected. The acquisition was stopped, and Huiyuan also fell into trouble due to various reasons such as illegal lending. In 2018, Huiyuan began to suspend trading, and 20 months later, the Stock Exchange decided to cancel Huiyuan’s listing status.

　　As an excellent mineral water quality in Chongqing, the reserves exceed 250 million cubic meters per year, and it also had glory in the 1980s and 1990s. During the Beijing Asian Games, Zhongliangshan mineral water ranked among the top ten in the country, accounting for 70% of the market share. Now it is no longer brilliant. Ren Minghua, secretary general of the Chongqing Geology and Mining Association, vividly likened it to "bamboo shoots after a rain, no forest". At present, except for the "Zhongliangshan" brand, which has a small number of small bottles of mineral water for supply to Zhongbai supermarkets, some hotels and enterprises, the rest are bottled, and there is almost no bottled mineral water for sale in the retail market.

　　Xu Bing, general manager of Chongqing Zhongliangshan Mineral Water Co., Ltd., told reporters that more resources and less mining are the current situation of mineral water in Chongqing that cannot be ignored. The problems hindering the development of mineral water enterprises in Chongqing are mainly "one big, three high and one low". The investment in building a factory is large, the production cost is high, the transportation cost is high, the Quality Standard is high, and the "threshold" of purified water is low, resulting in difficult development.

　　"To find a suitable, safe and clean water source, we must go through more than a dozen links such as exploration, testing and certification in the early stage. After production, in addition to paying more than a dozen taxes and fees, we also need to consider transportation costs." Xu Bing said that this is only the first step. The next market development will not be possible without huge capital investment. Under the pressure of big brands, it is difficult for small brands to break through.

　　"The fundamental problem lies in the consumption concept, and the market needs to change the consumption concept." The person in charge of the Chongqing Natural Resources Protection Bureau believes that the direction of Chongqing mineral water enterprises should be to develop together and achieve mutual benefit and win-win results.

　　How can we seek innovative breakthroughs?

　　Our country’s mineral water market has grown from scratch, from small to large, and its development speed has shocked Western peers. According to Euromonitor statistics, the sales scale of our country’s bottled water has increased year by year from 106.92 billion yuan in 2013 to 183.09 billion yuan in 2018, with an average annual compound growth rate of 11.8%. In 2019, the market size exceeded 200 billion yuan.

　　The reporter learned in the interview that China’s bottled water industry has undergone two rounds of consumption upgrades. The first round is the consumption upgrade from other bottled water to purified water. The second round is the transformation from purified water to natural mineral water. The third round will be more segmented. In the bottled water market, functional products such as maternal and infant water and children’s water have been developed to meet the consumer needs of different groups.

　　Liao Lei, Secretary-General of the China Mineral Water Professional Committee, believes that in the context of consumption upgrading, it is precisely because of high profits and a clear target market that bottled water actively promotes high-quality, segmented and functional products to the public in terms of competition. And product quality, brand culture, water source, brand, landing ability and even appearance have become the key to determining the success of the brand.

　　"I hope that mineral water producers, regardless of their size, can actively do a good job in the’core ‘and find their own development model and development space." Zhao Yali, chairperson of the China Beverage Industry Association, said that due to the domestic conditions of mineral water development and the requirements of consumption upgrading, the domestic mineral water industry is seeking breakthroughs.

What I brought to my riders today is. Let’s get to know each other.

Let’s look at the appearance of Tiggo 9 first. The design style of Tiggo 9′ s front face has taken a fashionable and simple route, which looks very cool. Coupled with the young and fashionable headlights, the overall look is full of comfort. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car, the body size of the car is 4820MM*1930MM*1710MM. The car adopts dynamic and lively lines, and the side circumference looks very eye-catching. With large-sized thick-walled tires, it looks full of movement. In the rear part, the overall shape of the rear part echoes the front face, and the taillights give people a very full feeling and create a good gas field.

In terms of interior, the interior of Tiggo 9 presents a fashionable and atmospheric design style, and the overall visual effect is very distinctive. The steering wheel of the car is very clean, made of genuine leather and full of design. Take a look at the central control, with a 12.3-inch touch-sensitive LCD central control screen, which makes the interior style impressive and looks quite unique. Finally, let’s look at the dashboard and seats. The dashboard design is remarkable and full of technology. The car uses leather seats, which are wide and thick and comfortable.

The Tiggo 9 is matched with an automatic manual transmission (AT) gearbox, with a maximum power of 192KW and a maximum torque of 400N.m, with good power performance.

In addition, the car is equipped with car networking, driving mode selection, remote control key, Bluetooth key, rear wiper, interior atmosphere light and other configurations.

The car introduced today is remarkable in terms of space, configuration and power, and home travel is also a good helper. If you have plans to buy a car, Xiao Bian thinks it can be included in the alternative list.

Jay Chou Concert Zhengzhou Station Organizing Committee Announces Postponement

1905 movie network news On May 30, the Organizing Committee of Jay Chou’s Concert Zhengzhou Station issued an announcement, saying that the "Jay Chou’s Strongest Concert on the Surface 2" originally scheduled to be held in Henan Sports Center on June 9 and 10, 2018 – Zhengzhou Station performance date has been changed to July 7 and 8, 2018, and the performance location remains unchanged. Audiences who have purchased concert tickets can hold complete paper original tickets and directly enter the Henan Sports Center on July 7 and 8, 2018. The seats remain unchanged and there is no need to change the tickets; audiences who need to refund tickets can handle it by themselves according to the method given by the organizers.

Recently, Jay Chou’s concert tour has been turbulent. In addition to scalpers scalping tickets on the spot, there are also "official scalpers" that bundle official T-shirts and ticket purchasing privileges. The concert venue has also been criticized by fans.

Chengdu Railway Station on-site scalpers sell tickets

Chengdu Station Official Bundle Commemorative T-Shirt and Ticket Purchase Privilege

The Chengdu concert venue has been criticized

On May 21, the Anhui Provincial Department of Culture announced that the Hefei station of Jay Chou’s tour concert had been officially cancelled.

Jay Chou Concert Hefei Station Cancelled

Now Zhengzhou Station has suddenly announced the extension, and fans everywhere on the Internet have asked for ticket exchange and ticket issuance due to itinerary conflicts, one after another saying that "it was originally the night before my birthday, I thought it would be hard to forget" "I really can’t go in July, I’m crying to death" "There is still a week to suddenly notify the extension, my heart is too tired". What do you think of the organization of Jay Chou’s tour concert, and what went wrong?

　　"We define the period from May 31st to September 31st as the Galaxy 1.0 stage, and we are committed to quickly achieving market breakthroughs. From October 1st, we entered the 2.0 stage, which is not only the concept of two main products, but also the end point model of multiple channels and various profit methods are constantly expanding." At the launch event of the 50,000 Galaxy L7 recently,Bach, general manager of Galaxy Business Unit, admitted in an interview with the 21st Century Business Herald that although Geely Galaxy L7 has good sales, user awareness is not very high, and ordinary users in many places do not recognize Galaxy’s new products. The 2.0 stage will continue to infiltrate the public in large quantities to achieve improvement and breakthroughs.

　　On February 23 this year, the new mid-to-high-endSeries – "Geely Galaxy" was officially released, mainly covering the price range of 150,000-300,000 yuan. It will launch 7 models within 2 years, including 4 intelligent electric hybrid L series and 3 intelligent pure electric E series. The former adopts Geely Galaxy intelligent "electric hybrid" architecture, covering A0 to B-level intelligent electric hybrid products; the latter adopts Geely Galaxy intelligent "pure electric" architecture, covering A-level to D-level intelligent pure electric products.

　　At that time, the group had a lot of expectations for the Galaxy series – "The Galaxy series will launch a new car every quarter to rapidly expand its competitiveness in the field" "The Galaxy L7 has no rival in the A-class SUV" "The sales goal of each product of the Galaxy series is to become the top three in the market segment" "The three brands/series of Galaxy, Geometry and Lynk & Co will enter more than 70% of the market".

　　The first model of the compact SUV Galaxy L7 was launched at the end of May, and the 50,000 new car was launched at the Geely Baoji factory on October 15, less than half a year after its first new car was launched; the second model of the compact car L6 was launched in mid-September; the third model of the pure electric coupe, E8, will also be launched and delivered within the year.

　　Within three months to achieve monthly sales of more than 10,000 yuan, the Galaxy L7 has made a good start, allowing this new model series, which is responsible for the transformation of Geely’s brand new energy, to initially gain a foothold in the market. The task of continued growth will fall on the shoulders of the Galaxy L6 and Galaxy E8. Burdened with more expectations and pressures, can "Galaxy" help Li Shufu, chairperson of Geely Holding, realize the "blue dream"? The market has little time left for Geely. For this giant in the era of fuel vehicles, where will Geely’s new energy transformation go when the decline of fuel vehicles intensifies?

　　Can the Galaxy series help Li Shufu realize his dream?

　　In 2022, after ranking first in sales of Chinese brand passenger cars for five consecutive years, Geely lost the title of its own brand.

　　From a township enterprise in Taizhou, Zhejiang Province, it has grown into a leading enterprise of China’s own brands. With the rolling wheels of China’s automobile industry, Geely, whose sub-brands are blooming everywhere, has established a huge automobile kingdom. However, behind the brilliance, in the face of the rapidly changing Chinese automobile market and the menacing new energy transformation, Geely seems to be temporarily left behind.

　　Geely’s development can be roughly divided into three stages: the first stage is the "barbaric growth stage" before Geely’s acquisition of Volvo; the second stage is the "back-to-Geely stage" after the acquisition of Volvo, including the launch of Lynk & Co, which is the most typical product of Volvo’s back-to-Geely, and also conforms to Geely’s high-end demands; the third stage is the two blue Geely action plans mentioned by Li Shufu, chairperson of Geely Holding, in early 2021, one is to focus on energy-saving and new energy vehicles, 90% of which are new energy and hybrid vehicles; the second is to focus on pure electric smart vehicles and actively participate in the competition in the intelligent pure electric vehicle market.

　　In fact, it is not too late for Geely to enter the new energy market. In 2015, it launched the first pure electric vehicle Emgrand EV, and three years later, it launched GSe. In April 2019, it released a new brand Geometry Car, shouting the slogans of "Global Electric Vehicle Brand Leader" and "Building the World’s Best Electric Vehicle", and launched Geometry A. After that, it launched a new brand "Maple Leaf", which was later changed to Ruilan, which specializes in the production of electric car-hailing.

　　However, the technological advantages accumulated in the fuel era have not been continued in the field of new energy vehicles. In order to seize sales, the positioning of geometric brands has also begun to explore the so-called mid-to-high-end market at the beginning of its birth. In addition, the oil-to-electricity operation, similar products but higher prices have greatly reduced its cost performance. The process of new energy transformation is not as fast as expected. In 2020, Geely Automobile sold 68,100 new energy and electrified vehicles, and the current sales of new energy and electrified vehicles accounted for only 5.2% of the total sales. Li Shufu once set a goal of "new energy and electrified vehicle sales to reach 90% of the total sales by 2020", which is a far cry.

　　In 2021, Geely proposed a new "Blue Geely" initiative. During the same period, the domestic new energy vehicle market has also undergone earth-shaking changes. Geely is also accelerating its offensive. In March 2021, Geely veteran An Conghui served as CEO of Extreme Krypton, leading Geely to sprint towards high-end electrification. At the same time, Geely’s first-hand cultivation of Jiayue began to take charge of Geely Automobile Group.

　　If the advent of Extreme Krypton officially sounded the horn of the transformation of the Blue Action Plan and redefined Geely’s brand height in the smart electric vehicle market. The birth of Geely Galaxy highlights Geely’s ambition to seek scale in the new energy market, aiming to fill the market gap of Extreme Krypton brands positioned above 300,000 yuan and geometric brands positioned below 150,000 yuan, trying to enhance the advantages of new energy vehicles with a more complete product matrix and regain the throne of the "first brother" of its own brand.

　　In 2022, the official announcement will suspend the production of fuel vehiclesShowing explosive growth, the annual sales volume was 1.8685 million, an increase of 152.5% year-on-year, surpassing Geely Automobile in one fell swoop. The latter sold 1.43 million cars in 2022, an increase of 8% year-on-year, of whichSales are 328,700, tripling from 2021, with a penetration rate of about 23%. Jiayue has said that Geely’s goal in the new energy vehicle market in 2023 is to increase by more than 100% compared with 2022.

　　The market is running out of time for Geely, a giant in the era of fuel vehicles that urgently needs to come up with competitive products in the new energy era – Geely Automobile hopes to further label its new energy products through the Galaxy series. The launch of seven new cars at the press conference showed Geely’s determination to transition to new energy.

　　"After the breakout of Geely Krypton, the whole of Geely will be fully new, and the arrival of Galaxy means that Geely will quickly transform into new energy." Lin Jie, senior vice president of Geely Automobile Group, said in an interview with 21st Century Business Herald reporters. "Geely’s existing brands have clear positioning and division of labor in their respective market segments. Geometry focuses on the new energy market below 150,000 yuan, Geometry focuses on the market above 300,000 yuan, and the Galaxy series is mainly within 150,000 yuan – 300,000 yuan. Its sales target in 2023 is that each product must enter the top three in the market segment. Geometry + Galaxy’s two new energy product series will cover 65% of the future new energy vehicle market share of [Geely Automobile]."

　　Products and channels are changing simultaneously, and Galaxy is attacking in an all-round way

　　For Geely, the release of Galaxy has given them a range of mid-to-high-end products that originated from themselves and are designed for the new energy sector.

　　"In the past, the characteristics of the electric vehicle market structure were dumbbell-type, micro-electric vehicles under 100,000 yuan and intermediate electric vehicles above 300,000 yuan contributed more to sales, but starting from this year, the market structure is obviously concentrated in the middle, and gradually to the spindle-type development, which also means that the middle market will become the largest market segment in the future." Some industry insiders told reporters.

　　This is precisely the market that Geely Galaxy is targeting. In the opinion of industry insiders, the price difference between the fuel vehicles and the Geely brand is large, which affects the acceptance of users. Geely Galaxy helps Geely brand new energy vehicles, especially hybrid cars, to differentiate and promote. More importantly, the mid-to-high-end positioning is an easy price range.

　　"In today’s new energy market, the competition between enterprises and enterprises lies in products, the competition between products and products lies in cost, and the cost is determined by technology and innovation. Investment in technology can win this war."

　　In fact, the cost-effectiveness and product strength brought by technical advantages have been partially verified on the extreme krypton brand. In 2022, the extreme krypton sold nearly 72,000 vehicles with the extreme krypton 001 model; in August this year, the price of the extreme krypton 001 was reduced by 30,000 – 37,000 yuan, and the starting price was reduced to 269,000 yuan. The effect of the price reduction is obvious. In August this year, the extreme krypton hit a new monthly delivery volume. The monthly delivery volume reached 12,300 vehicles. In January-August, the extreme krypton car delivered nearly 70,000 vehicles, almost matching the sales volume of last year.

　　However, Galaxy and Krypton are in a different situation. The former bears more pressure and expectations. On the one hand, the 15-300,000 yuan new energy vehicle market it is targeting is particularly competitive. It has to deal with the top two in the single model listAnd, with the new energy vehicles to reduce the dimension of traditional fuel vehicles, sniper 180,000 – 250,000 yuan of this joint venture car world; on the other hand, the Galaxy series shoulders the heavy responsibility of Geely’s new energy transformation.

　　In order to start the Geely Galaxy series, the first production car Galaxy L7 (13.87-18 5,700 yuan) is equipped with Geely’s new car operating system Galaxy NOS and the new AegisSecurity system, a new generation of Raytheon hybrid technology (Raytheon 8848). In addition, Galaxy has an independent product logo and channel ecosystem, including direct sales and agency distribution models, which almost have the elements of an independent brand.

　　From May 31st listing, to July monthly sales for the first time exceeded ten thousand, and then to October 15th ushered in the 50,000 new car off the production line, the speed of Galaxy L7 in this year’s increasingly rolled market performance can be said to be eye-catching. Up to now, Geely Galaxy L7 has sold over ten thousand for three consecutive months.

　　Bach told the 21st Century Business Herald reporter, Geely Galaxy L7 flagship model Starship version is the best-selling, the second top with MAX version accounted for the second, the two models accounted for more than 90% of total sales, Galaxy L7 main sales range maintained at about 160,000 yuan.

　　"Now the overall replacement rate is about 40% -50%, of which about 30% are Geely fans and old owners. The remaining customers are basically from the past joint venture fuel vehicle owners, especially the 5-8 year old joint venture fuel vehicle users. In addition, there are also some new users, concentrated in the 25-35 age range, who are buying their first car in life," Bach said.

　　In addition to L7, on September 16, Geely Galaxy launched the second model Galaxy L6 (115,800 – 149,800 yuan), sniping A-class joint venture cars including Xuanyi, Langyi, Suiteng, Corolla, etc., and also trying to "grab food from the tiger’s mouth" from Qin PLUS DM-i (9.48-17 9,800 yuan), but Geely Galaxy L6 entry threshold is higher. Fan Junyi, general manager of Geely Automobile Sales Company, revealed that Geely Galaxy L6 is quite different from the competing user portrait, which is also Geely Galaxy’s way to break through the price war, that is, to fight the value war.

　　The data shows that Geely Galaxy L6 sold more than 3,000 units in September. "From the previous booking situation, Tianjin is the city with the largest reservation volume of Geely Galaxy L6. Dalian, Shenyang, Changchun, Harbin and other reservations have reached more than 100 single stores, and the order situation in the southern region is better." Bach told reporters that he hoped that Geely Galaxy L6 and Geely Galaxy L7 will form a CP combination, at least in terms of sales and end points. The two are equal goals.

　　Zhou Xiulong, general manager of Geely Automobile Baoji Company, revealed that the Baoji factory has officially started double-shift operation since July, with a maximum daily production capacity of more than 800 units, and a normal production capacity of about 700 units a day. At the same time, upstream suppliers have also started double-shift operation, including the Raytheon Electric Hybrid 8848 production base also located in Baoji.

　　Although Geely Galaxy L7 sales have performed well, Bach admits that user awareness is not very high, and ordinary users in many places do not recognize Galaxy’s new products. "At the beginning, we attracted the first wave of Galaxy fans with the quality and characteristics of the products. This is not enough. In the 2.0 stage, we will continue to infiltrate the public in large quantities in order to achieve improvement and breakthroughs."

　　At the product level, in addition to Geely Galaxy L6 and L7, which mainly target the A-level hybrid market, Geely Galaxy E8, the third car of the Geely Galaxy series, focuses on the B-level high-end pure electric market and will be launched and delivered within the year. Bach told reporters that pure electric products are the majority of the product series planned for next year.

　　Geely Galaxy’s breakout, in addition to product leadership, channel assistance is also crucial. According to official data, Geely Galaxy currently has more than 500 channels across the country, and is expected to reach about 650 by the end of the year. It will expand to 1,000 by 2024.

　　"Everyone who understands this industry will know that it basically needs to cover about 1,000 stores in the country to be considered a relatively complete form. Expectations are expected, but it still needs to conform to the laws of reality – how much each store sells, whether the profit situation is good or not, and the healthy and stable development of channels are aspects we need to ensure." Bach stressed.

　　With the transformation of automobile electrification entering the deep water area, industry insiders believe that the Pareto Principle of China’s automobile industry is becoming more and more obvious. By 2025 at most, there may only be 8-10 companies with monthly sales of over 10,000 yuan in China, and the arrival of the new energy era has become inevitable. The price war in the automobile market is bound to reach the end of this year, or even next year. Car companies must be ready for a decisive battle for 20 months. By the end of next year, it will be possible to see who can survive in the Chinese automobile market.

　　"The current price war situation filled with gunpowder will not last long. There are many participants in the auto market in our country, and independent brands have taken up the ante new energy vehicle track. If the industry grabs market share through price wars, it will lead to a decline in car companies’ profits under pressure, and the industry competition landscape will deteriorate." Bach said that Geely will adhere to the value war, quality war, service war and corporate ethics war on the basis of price advantages to achieve a comprehensive "value upward".

With technological advancements, smart homes have become an important part of people’s daily lives, and their key role as home entertainment devices has also made significant progress under the trend of intelligence. Here, we will introduce you to three well-received speakers – Xiaomi, Xiaomi and Xiaomi (MI).

The first Pro is designed in a simple and atmospheric style, suitable for any home environment. Its most eye-catching feature is the Bluetooth gateway function, which can remotely control traditional home appliances and smart devices, making your life more convenient. In addition, the speaker is also equipped with Xiao Ai, which can play music, check the weather, and more with simple instructions.

The next thing to recommend is the Xiaodu smart screen X9. The biggest feature of this speaker is that it is equipped with a high definition touch screen and embedded infrared night vision camera, which can clearly observe the situation at home even in a dark environment. At the same time, you can also use the mobile APP to remotely control it, which is quite practical. In addition, the Xiaodu smart screen X9 also includes a variety of functions, such as video calls, life learning and entertainment, rotatable camera, etc., which is a high-quality speaker that combines many advantages.

Finally, I recommend the Xiaomi (MI) Redmi Xiaoai touchscreen speaker 8, which also uses a high definition touchscreen design, reaches 8 inches in size, and has excellent visual effects. Moreover, it is equipped with powerful AI functions, which can interact with users through technology and provide various services. For example, search for songs, get news information, and even set timed reminders. For families with children, the customized child mode of this speaker will be a great boon, helping children improve their English skills and making it easier for the elderly to master basic operating skills.

In summary, these three speakers have their own unique characteristics. Whether you are looking for a great sound quality experience or a home entertainment device that can meet your diverse needs, you will find the right choice among these products. Looking forward to the above suggestions being helpful to you!