2024 年 – 第 14 页 – 上海后花园论坛-上海419论坛-夜上海论坛-阿拉爱上海

How to sweep the world without sweeping a house？ Large spot checks on the official website of car companies

　　The executive introduction clicks in empty without a word; the most recent one in the marketing newsletter is still 2010; the website has not been introduced to its own model after reading it; the vertical version is arranged in the title picture with text style news newsletters, and there is no picture for the new general manager. Under the title, it is empty and white. Where have you been, general manager? All kinds of mistakes make people laugh and cry, what happened to the official website of the car company…

　　If a person is sloppy and untidy, without paying attention to details, would you like to believe that he is serious, reliable, and trustworthy?

　　"People rely on clothes, horses rely on saddles", the official website of a car company, as the most direct way for users to recognize the brand, is it not the face of the company facing consumers?

　　In today’s automotive society, automakers with annual sales of hundreds of thousands or millions of vehicles and turnover of tens of billions or hundreds of billions of yuan are all big guys, and it is common to spend millions of yuan on brand activities. But why, more or less, there are such and such mistakes on the official website, and some even make people laugh and cry.

　　In the Internet age, the industry talked about Internet thinking every day. Auto e-commerce was also a buzzword of the moment, but the most basic network was a prerequisite for everything…

　　Product introduction, enterprise dynamics, service categories, and online interaction with consumers are all functions of the official website, and they are also the most efficient means for users to understand the enterprise.

　　Take the two most basic functions of news information and model display, which attract the most attention from users, as an example.

　　The author consulted the official websites of 25 industry companies. According to yesterday’s deadline, a total of 403 news articles were released from May to July, and the average company released only 5 news articles per month. Among them, Dongfeng Yueda Kia is the best, publishing a total of 52 news articles, which is about 17 articles per month. Consumers can keep abreast of the latest developments of the company in detail. BMW Brilliance updates are the most lagging. There is no news release from May to July. The most recent one was published on April 15.

　　FAW Toyota’s website uses 36 pictures to occupy the center position, which is about the size of the entire screen to display product information. Including model introduction, car purchase discount information, consumer interaction activities, etc., the information basically covers all its models, which is convenient for users to browse and can grasp first-hand information without going to the store. On the contrary, Geely, which has nearly 20 models, has only 4 pictures in the same position, which fails to make full use of the promotion on the official website. And BMW Brilliance is even worse, and the model introduction cannot be found on the homepage…

　　Dongfeng Nissan: Where have you been?

　　In fact, in terms of page layout and aesthetics, Dongfeng Nissan’s official website can be called exquisite workmanship. A big picture with Xuanyi, Teana, Xuanyi Classic, TIIDA, Qashqai, Sunshine, Liwei Qixiong debuting, Dongfeng Nissan is waiting for you to compare, and it is domineering.

　　But when the author clicked on the news center column, he was really shocked. So far in July, there has only been one news release, and the vertical version is arranged as a news bulletin with a title picture and text style. When I saw the new general manager take office, there was suddenly no picture. Under the title "Daiyue Jin Appointed as the New General Manager of Dongfeng Nissan", there was nothing. General Manager, where have you been?

　　Similar mistakes have appeared 4 times in the first 22, which is really not right. At least you can’t lose the boss…

　　BYD: Missed to meet customer service classmates

　　New energy vehicles are currently a hot topic, with news such as exemption from purchase tax, elimination of local protection, and unified fast charging of national standards continuing recently.

　　Although the location of the news center on BYD’s official website was obvious, there was only one news item for each of the three months of May, June, and July, which was really pitiful. Old Wang also knew how to praise his own melons. BYD, which had always claimed to be in the leading position of new cars, should also be at the forefront of promotion.

　　However, the manufacturer’s activities and preferential promotion columns are frequently updated and rich in content, allowing consumers to keep abreast of the latest corporate information.

　　But when I opened the online car purchase column and watched the "BYD e-purchase anniversary celebration" event, the customer service who was specially prompted that you must contact in advance before payment could not display the corresponding information after clicking, which made the author feel ashamed. It’s a good event, why is the most critical step stuck?

　　Finally, I couldn’t help but shout. As of 5:00 am on July 24th, my companions had all fallen asleep, and Xiao Ai, who was still fighting at night, still had no chance to meet at this moment…

　　Ford: Executives, where are you?

　　Ford’s website was simple and clean, and the page settings were quite standard. Under the News Center column, the setting of the "Reporter Zone" was unique and unique in this reading of the official website.

　　Corporate dynamics is a daily compulsory course for every media teacher. Is this project designed for the release of hot topics in the enterprise? I just wanted to like it, but I almost flashed my waist when I didn’t think about it… The author was surprised to find that the sub-column, "Introduction to senior executives of the company", was blank after clicking on it, and there was not a word. Executives, where are you? "If I knew this earlier, why did I have to start", there is nothing, and why waste this column on emotions…

　　Return to the homepage, the bottom row of navigation bar. There are several sub-sections under the Client Server, used cars, and news center columns, but there is nothing under Ford Technology. Click to browse the secondary page, and it can be seen that it is divided into four aspects: fuel economy, safety performance, dynamic driving, and easy control. Since there are, why can’t it be displayed on the homepage to facilitate users to choose their favorite areas? Details, or details.

　　Dongfeng Citroen: Fork, are you a fork or not?

　　It has to be said that Dongxue’s official website design is the most unique one.

　　Magazine page-like promotional graphics are novel in style, with horizontal dragging left and right. The 18 images clearly display the latest dynamic information of the enterprise.

　　Under the News and Events column, the "Test drive the champion model or participate in WeChat interaction, that is, have the opportunity to win the World Cup surprise package" activity displayed in the first position reminded the author of the earlier days of the night battle, so click to view the details.

　　The first thing that came into view was the pop-up window of the winning list, which was very envious. Although I didn’t know about this event earlier to try my luck, surprises always came unexpectedly. When I tried to turn off the pop-up window, Fork Fork Jun got angry, eh? Can’t turn it off… Although the event ended on the 14th of this month, you can’t be so naughty…

　　When a colleague tested it on his computer, we were convinced that he was really not a fork! He just looked similar and looked the same…

　　BMW Brilliance: What did you do last March?

　　Simplicity and cleanliness are the first impressions that the official website page of BMW Brilliance gave me. But after a cursory browsing, I quickly discovered its biggest feature. Hey, there is no car?

　　As the official website of a luxury car brand, BMW has continued its trend-setting characteristics and is at the forefront of fashion. It is the only company on the official website of this statistics that cannot see any product information on the homepage.

　　You can only see the product production information from 2003 to 2009 on the company information – products and operations – model overview page. At the bottom of the homepage, click the links of BMW China and authorized dealers to see the relevant product information on the jump page.

　　In addition, in terms of news release, BMW Brilliance is also the only company that has not released a news release in May, June, and July. The most recent one dates back to April 15.

　　FAW Toyota: 36 Big Pictures Let You See Enough at Once

　　"1, 2, 3, 4, 5, 6… 35, 36!" There were actually 36 display pictures of FAW Toyota’s central area, which was much more generous than the other "cheapskates" who only had 3 or 4 pictures.

　　Corolla, Vios, RAV4, Crown, Corolla Full Interpretation, Latest Financial Services Solution, Lander Cool Luze, Prado Self-Driving Tour Recruitment, Prius, 86 Zero Distance…

　　It includes model introduction, car purchase discount information, consumer interaction activities, etc., basically covering all its models. Users can easily browse and gain first-hand information without visiting the store.

　　The layout doesn’t cost money, and it’s not how you want to organize it!

　　Great Wall: Online scoring, whether it is good or not, the user has the final say

　　Auto e-commerce is a buzzword, but at the moment, there are really few people who are in full swing on their official website, including Great Wall Motors. Just like the dazzling sales performance, the official website of the Haval brand also made my eyes really brighten.

　　The most attractive thing for the author is the activity page for ordering Haval H2 online. There is a 360 ° product static display area that integrates appearance and interior. Users can freely choose the full picture of the interior and exterior of the vehicle, including 13 spray paint colors and 8 interior colors. You can control all the information of the model without leaving home.

　　In addition, the most outstanding part of the column design is also the only one among all websites. Users can rate products online. Including space, power, control, fuel consumption, comfort, appearance, and interior seven aspects, with a maximum score of 5 and a minimum score of 1.

　　At the same time, users can also write a comment of at least 30 words, together with the above scoring items, which will be displayed on Haval’s official website in real time. It can be said that whether it is good or not, the user has the final say. (Reporter, Liu Ye)

Hengda property sued Hengda to recover 2 billion why do enterprises frequently ＂son sue me＂？

An announcement that Hengda Property sued Hengda for 2 billion exposed the internal entanglement of the "father and son".

In fact, it is not only Hengda Property that has taken the parent company to court. Since the beginning of this year, there have been many cases of property companies recovering accounts receivable from related real estate companies. At present, the real estate industry is in a downward cycle, and the capital problems of real estate related parties often lead to the impact of property companies, especially listed property companies. On the one hand, they are suspected of "blood transfusion" parent company. On the other hand, the real estate liquidity crisis has caused a large number of bad debts of property companies in accounts receivable, which has affected the profitability level.

In the opinion of industry experts, establishing a regulatory system for the use of property management fees in the property industry to ensure that project funds can be misappropriated at least is the key to preventing such incidents.

Hengda property to China Hengda recover 2 billion yuan

On November 28, Hengda Property announced that regarding the enforcement of its deposit pledge of about 13.40 billion yuan by the relevant banks, its wholly-owned subsidiary Jinbi Property has filed a lawsuit with the Intermediate People’s Court of Guangzhou City, Guangdong Province, China, for the recovery of Shenzhen Qihang Metal Materials Co., Ltd., Guizhou Guangjuyuan Real Estate Development Co., Ltd., Hengda Real Estate Group Co., Ltd., Hengda Real Estate Group Co., Ltd., and China Hengda Group for the enforcement of the deposit certificate pledge guarantee of about 2 billion yuan by the bank. It requires the relevant responsible parties to repay about 1.996 billion yuan and the provisional interest of about 150 million yuan. Hengda Property said in the announcement that it has received the notice of the court’s formal acceptance of the case on November 28.

On November 29, China Evergrande announced that it had paid attention to Hengda Property’s announcement on November 28 that Jinbi Property (a subsidiary of Hengda Property) had sued China Evergrande and three related subsidiaries for the enforcement of the 2 billion yuan deposit certificate pledge guarantee by the bank. As of now, China Evergrande has not received the notice of the Guangzhou Intermediate People’s Court to file a lawsuit against Jinbi Property.

It is well known that China Evergrande and Evergrande Property have a "father and son" relationship, and the public litigation at this time also exposed its internal entanglements.

In this regard, Yuan Chengjian, co-founder of Jiancheng Shengye, believes that from the perspective of legal relationship, although the two companies are affiliated companies, they are also two independent listed companies. Adopting such a legal and responsible handling method for shareholders can protect the interests of Hengda property shareholders during the handling of Hengda real estate debt, and also provide a reference for other similar events.

"But judging from the current situation, this treatment method has little practical effect, and it is estimated that the misappropriated funds that can be truly recovered will not be too much, or even just a kind of debt confirmation." Yuan Chengjian said.

Wang Yuchen, director of Beijing Jinsheng Law Firm, also pointed out that even if Hengda Property eventually wins the case, it will be difficult to recover the money, because judging from the current financial situation of China Evergrande, there may also be difficulties in implementation.

Xinyuan Service and Jinke Service also "collect debts" from the parent company

Taking the parent company to court is not just Hengda Property, but also the case of property service companies collecting debts from affiliated real estate companies.

On August 15 this year, Xinyuan Service announced that the financing obtained from its pledge was finally transferred to Xinyuan Real Estate for its daily business activities, namely project construction and delivery guarantee. Subsequently, Xinyuan Service submitted an arbitration against Xinyuan Real Estate to the Hong Kong International Arbitration Center, claiming to recover any losses suffered by the company on the mortgage.

It is reported that Xinyuan Real Estate holds shares in Xinyuan Service 300 million with a shareholding ratio of 60%. Xinyuan Real Estate is wholly owned by Xinyuan Real Estate.

In October this year, Xinyuan Service announced that the Hong Kong Arbitration Center has made a final and legally binding arbitration award, requiring Xinyuan Real Estate to immediately pay the losses suffered by Xinyuan Service, including the deposit principal of 402 million yuan, the time deposit interest loss of 2443.82 million yuan and the cost of review and investigation, totaling about 430 million yuan. On November 15, Xinyuan Service, which has been suspended for one year, issued two announcements to update its resumption progress.

In addition, the related party transaction between Jinke Services and Jinke shares has also been a source of concern.

Jinke shares received the litigation materials from the Chongqing No. 1 Intermediate People’s Court on May 29, and learned that the plaintiff Jinke Service Sued Company and its holding subsidiaries’ case on loan contract disputes has been accepted by the court. Jinke shares are requested to immediately return the principal of the loan of Jinke Smart Service 1.50 billion yuan, the interest as of March 20, 2023 32.3327 million yuan and the interest from March 21 to the settlement date.

On August 13, Jinke Services announced that the relevant member companies of Jinke Shares will transfer their respective offset properties to Jinke Services as payment in lieu of the payables due from the continuing related party transaction. The amount involved is 20.40 million yuan, and the offset properties include 36 items, with a total valuation of 20.80 million yuan. Although the relevant member companies of Jinke Shares have transferred 36 offset properties to offset the payables of about 20.40 million yuan, the scale of debt offset is still relatively limited compared to the litigation amount of about 1.50 billion yuan.

At that time, Jinke Service proposed in the announcement that Jinke shares were currently facing a serious liquidity crisis, and therefore could not settle the payments due to the company in cash. In view of the relevant circumstances, the company had reduced the provision of property management services or non-owner value-added services to Jinke shares.

Industry: Establishing a regulatory system is the key to prevention

In recent years, the profitability of property enterprises has declined significantly, among which the clearing of risks such as related party transactions is the main reason. In this regard, the Middle Finger Research Institute analyzed that the real estate liquidity crisis has caused a large number of bad accounts receivable of property companies, which has greatly affected the level of profitability. For example, in 2022, the average value of accounts receivable and bills of listed companies in property services was 1.531 billion yuan, an increase of 36.45% year-on-year; some listed companies disclosed the accounts receivable from related companies, and the average value of this indicator was 173 million yuan, an increase of 63.21% year-on-year. With the expansion of the scale of accounts receivable, the turnover days of accounts receivable have slowed down significantly. In 2022, the bad debt provisions for accounts receivable accrued by property management companies have generally increased. Some companies have made a large amount of impairment against the accounts receivable of related real estate enterprises, which has a significant impact on their performance.

In fact, in the past two years, the real estate industry has been in a downward cycle, and many property companies have also been affected by the financial problems of real estate related parties. On the one hand, the financial independence of listed property companies has been questioned, and they are suspected of "blood transfusion" parent companies. On the other hand, a large number of related party transactions receivables cannot be collected.

In this regard, Yuan Chengjian believes that establishing a regulatory system for the use of property management fees in the property industry to ensure that project funds can be misappropriated at least is the key to preventing such incidents, and it is also a true system guarantee for owners to be responsible.

Beijing News reporter, Yuan Xiuli

Editor, Yang Juanjuan, Proofreader, Wang Xin

Global netizens are chasing ＂Celebration of More Than a Year＂ Chinese drama series overseas to attract fans again

1905 movie network news To say that the most popular and most discussed costume drama recently, it is undoubtedly "Qingyu Nian". As soon as the update day comes, all social platforms are swiped by "Qingyu Nian", and the broadcast charts are also leading the way. Even Bilibili’s TV series up owners are doing "Qingyu Nian" Amway commentary. As an ancient legendary drama of "big IP + powerful actors + fresh meat", "Qingyu Nian" has not only been widely discussed in China, but also set off a "Qingyu Nian fever" overseas.

At present, the drama has landed on the global video sharing website YouTube, the North American video platform Viki, ODK and other new media platforms, and has received high ratings. It is understood that TV stations in South Korea, Japan, North America and other regions will also broadcast the drama one after another.

"Qing Yu Nian" is a novel that was first published on the Chinese website of Qidian in 2007. It is an early work of platinum writer China Literature Limited, and it is also its famous work. The TV series "Qing Yu Nian" tells the story of Zhang Qing, a student majoring in literary history at a university, who is familiar with classical masterpieces. In order to make Professor Ye recognize his thesis proposition of analyzing ancient literary history with modern concepts, he further expounds the views he wants to express by writing novels. His novel mainly tells the story of Fan Xian, a young man with a mysterious life background. After various tests and tempering by his family, rivers and lakes, and temples, he writes an unusual life legend.

Screenshot of overseas video website YouTube

On the overseas video website YouTube channel, "Qingyu Nian" has been launched in Chinese, English, French, Spanish and other languages. In the YouTube community, the characters of Fan Xian, Qingdi, Lin Waner, Fan Sizhu, Princess, Second Prince, and Uncle Wuzhu have received hundreds of thousands of likes and thousands of comments.

The identity of Wuzhu has become the number one puzzle for global netizens

After "Qingyu Nian" was broadcast on the Rakuten Viki platform, it became the first Chinese follow-up drama broadcast at the same time, with an average user rating of 9.7 points (out of 10 points), and has been translated into 10 different languages, including English, German, Spanish, French, Italian, Polish, Portuguese, Romanian, etc. Viki netizens have left touching full marks, from world view, plot character setting, to the interpretation of each character, just like the students who wrote the teacher’s review, long-winded and hearty.

"Celebration of the Year" is launched on the Rakuten Viki platform

As a peak in the online literary industry, as soon as the cast of "Celebration of More than a Year" is released, the book fans are already full of Chinese New Year. There are not only young actors with excellent audience connections: Zhang Ruoyun, Li Qin, Song Yi, Guo Qilin, Xiao Zhan; there are also a large number of seniors with extremely high national level: Chen Daoming, Wu Gang, Yuan Quan, Li Xiaoran. The actors cover the three generations of old, middle and young people, and their appearance and acting skills coexist. The ups and downs of Machiavellian drama, the natural comedy, and many old actors bless the acting skills of Huadan fresh meat. This drama is not without reason.

The ending song of the play is sung by Xiao Zhan, who fascinated many overseas drama fans this summer. On the foreign website mydramalist, it has become the top-rated Chinese drama in all Asian dramas of the same period.

Mydramalist Rating

According to the data, among the overseas audience groups, women are still the main force of "Qingyu Nian" chasing dramas, accounting for about 60%; according to the age data, the circle of fans is relatively large, mainly young and middle-aged audiences aged 18-35. Unlike domestic data, overseas audiences over the age of 40 account for a significant majority, nearly 20%.

Age Proportion of Domestic Audience of "Qingyu Nian"

　Age Proportion of Overseas Audience for "Celebration of More Than a Year"

According to "Celebration of the Year"Overseas issuerLi Wenjuan, vice president of Century Youyou, introduced that the company established cooperation with Google’s YouTube in 2014 and opened more than 100 channels, involving more than 10 languages such as Chinese, English, Vietnamese, Arabic, Thai, Indonesian, Spanish, Italian, Portuguese, etc. The number of subscribers has exceeded 8 million. In recent years, it has operated "Old Tavern", "Yunxi Biography", "Love · Chitose Adult’s First Love", "Rouge", "Little Separation" and other more than 500 high-quality Chinese dramas.

"Qingyu Nian" is firstly rooted in traditional Chinese culture, but it is also beyond traditional historical novels. It is a masterpiece that combines oriental classical charm and modern consciousness. It conforms to the aesthetics of overseas audiences, and at the same time promotes the traditional Chinese values and virtues of cherishing the beauty of the moment and not forgetting the original intention. This is the deep-seated challenge that Chinese dramas face when they go overseas. In addition to the global distribution, platform operation and overseas promotion of dramas, how to build a bridge of cultural exchanges between China and other countries and regions in the world is also the direction that film and television need to continue to work hard to go overseas.

Fuyang beverages sell well across the country

Yingzhou Evening News on April 2, located in Funan Economic Development Zone, Anhui Dayao Beverage Co., Ltd. production workshop assembly line is racing to make orders. At present, the workshop digital equipment accounts for more than 92%. It is reported that the beverage production project was landed in August 2021 and put into production in August 2022. The company currently produces Dayao guest juice soda, orange juice soda, and lychee flavor soda. The sales scope covers the whole country. Last year, the company achieved an output value of 230 million yuan. This year, the target output value is more than 300 million yuan, and the tax is expected to exceed 40 million yuan.

(All media reporter, Xu Dandan, photo)

Executives are being investigated one after another, and Evergrande is about to usher in the end？

Recently, Hengda news constantly, Hengda real estate was investigated, workout stranded, executives were investigated one by one… The disposal of Hengda issues by regulators is constantly up the ante, Hengda, and the ending is getting closer and closer.

Evergrande cannot issue new bills

On the evening of September 24, China Evergrande released a bombshell message: in view of the fact that Evergrande Real Estate Group is being investigated, the current situation cannot meet the eligibility for the issuance of new notes.

There are relevant provisions for the issuance of bills by real estate enterprises. Article 8 of the "Pilot Measures for the Administration of Overseas Issuance of Securities and Listing of Domestic Enterprises" stipulates that there are five circumstances under which overseas issuance and listing shall not be allowed.One of them is that domestic enterprises are being investigated according to law for suspected crimes or major violations of laws and regulations, and there is no clear conclusion yet.

The "Hengda Real Estate Group is under investigation" mentioned in the announcement was on August 16 this year. Hengda Real Estate announced that it had received the "Notice of Filing a Case" issued by the China Securities Supervision Commission. Due to the company’s suspected information disclosure violations, the China Securities Supervision Commission decided to file a case against Hengda Real Estate.

In fact, after being investigated, he immediately knew that new bills could not be issued, and the announcement was made now, perhaps out of consideration for the resumption of trading in Hengda Hong Kong shares on August 28.

In addition, new notes cannot be issuedThat is, there is no way to issue bonds and borrow money, which means that Hengda’s blood transfusion pipeline is blocked from the financing end, and it also means that overseas workouts may end in failure.

Previously, Hengda’s workout voting meeting was pushed back and forth until September 22, when it directly announced that the workout meeting would not be held because sales were not as expected.

In March this year, Evergrande announced a restructuring plan for its $19.149 billion foreign debt, offering three options to creditors.

First, replace the old debt 1:1 with the new note,new billThe duration is 10 to 12 years.

Second, convert to a 5-9 year termnew billConverted into a combination of Hengda Property, Hengda New Energy Vehicles, or equity-linked notes linked to Hengda’s listed shares.

And thirdly,A combination of the above two…

That is to say, all three options require the issuance of new notes.

Now Hengda cannot issue new bills, financing channels are blocked, and workouts are also put on hold. It is clear that the Hengda issue has begun to close the net.

Many generals are being investigated

The first person to be taken away was Ke Peng, the former CEO of Evergrande Group. In January this year, he was taken away by the police for investigation because of his involvement in Hengda’s old reform in Shenzhen.

Shenzhen’s old renovation project was once regarded as Evergrande’s most important "ballast stone".

As early as 2016, Hengda’s financial report showed that it had 38 old renovation projects in Shenzhen, and the total value after all development would exceed 600 billion yuan. In 2019, Xia Haijun, then president of Hengda, once said that Hengda had 48 projects in Shenzhen, which was the largest developer of land reserves in Shenzhen, and the future income was unlimited. In 2020, Hengda’s financial report showed that Shenzhen accounted for 55 of the 104 old renovation projects laid out by Hengda.

But now it has been investigated, indicating that illegal activities may have been involved in the operation of these old renovation projects.

On September 16, Du Liang, general manager of Evergrande Wealth, and other suspected criminals were taken criminal coercive measures by Shenzhen public security. According to market news, the people arrested by Evergrande Wealth this time are all management.

Evergrande’s wealth is Xu Jiayin’s "money bag", which is used to provide financing for Evergrande’s own or related projects.

In August 2021, due to the difficulty of redemption, Evergrande announced that its financial products would stop selling to the outside world. According to the statistics of China Evergrande Group, from the initiation of financial products to the suspension of sales, the total amount of financing involved about RMB 92.10 billion yuan.

In September 2021, Evergrande’s wealth exploded, causing investors from all over the world to protect their rights. On September 10 of that year, Xu Jiayin publicly stated, "I can have nothing, but Evergrande’s wealth investors can’t have nothing. We must ensure that all maturing wealth products are repaid as soon as possible, not a penny less."

However, according to the "Internal Control Assessment and the Main Results of the Review of Certain Issues Raised by the Former Auditor" issued by Evergrande on August 24, 2023, as of December 31, 2022, Evergrande Wealth has not paid principal and interest of 34 billion yuan.

On August 31, Hengda Wealth once again issued a document saying that due to the lower than expected progress of asset disposal and the lack of asset disposal funds, it could not be redeemed for the month. From 8,000 yuan per month to 2,000 yuan per month, and then completely unable to redeem, in less than two years, Hengda Wealth’s cash flow has completely dried up.

Now it seems that Xu Jiayin’s lofty words at that time were nothing more than a delaying strategy, and now they cannot be repaid. Evergrande’s wealth may be suspected of crimes.

On September 21, Zhu Jialin, the former chairperson of Evergrande Life Insurance, was investigated.

Evergrande’s other purse is "Evergrande Life Insurance", which was fully taken over by Haigang Life Insurance, a newly established state-owned insurance company, due to serious insolvent.

In the heyday of Evergrande Life Insurance, it was responsible for "blood transfusion" for various businesses. Like Evergrande’s wealth routine, it sold high-yield universal insurance to attract the purchase of insurance products, and funneled the money to Evergrande’s real estate, automobile and other businesses through trusts and other means.

Hengda life is 2015 through the new Great Eastern Life Insurance changed its name, the total assets from 73.10 billion yuan in 2016 to 241.50 billion yuan in 2020, net profit has dropped from 1.243 billion yuan in 2017 to 333 million yuan in 2020, serious insolvent, the industry said its previous financial report may have problems, as the chairperson of Hengda life Zhu Jialin, may be involved.

On September 26, the latest news from Caixin English Network said that Xia Haijun, the former CEO of China Evergrande, and Pan Darong, the chief financial officer, have both been controlled or taken away.

Xia Haijun, the former president of Evergrande, is the most famous and responsible person in Evergrande besides Xu Jiayin, and is known as the "working emperor of the real estate industry".

Before Hengda’s thunder, the then president Xia Haijun immediately sold his holdings of Hengda dollar debt, cash 56.688 million dollars (about 360 million yuan), in 2021, Xia Haijun also successively reduced his holdings of Hengda property, Hengda Auto, Hengda RV Bao shares, a total of about 1.0155 billion Hong Kong dollars (about 827.20 million yuan).

In March 2022, Hengda Property was exposed 13.40 billion deposits were enforced, and with further investigation of the incident, the three executives involved, Xia Haijun, Pan Darong and Ke Peng, were asked to resign by the board of directors.

Xia Haijun has been the No. 2 figure in Evergrande for more than a decade. Major events in Evergrande’s development history are inseparable from Xia Haijun’s participation and decision-making, including Hengda’s financial management.

Xia Haijun and others were controlled by the relevant departments, which is a very obvious signal that the relevant departments have dealt with Evergrande, or have reached the stage of closing the net, even the executives who have left before cannot escape responsibility.

It’s hard to get back

With the "capable generals" around Boss Xu being caught one by one, Evergrande is not far from the finale.

Since Hengda’s explosion, the fire sale of Hengda’s shares, the "technical" divorce, and the filing for bankruptcy protection in the United States may pay for this series of "lying down" operations.

In the past six months, China Hengda has repeatedly disclosed that Hengda Real Estate is involved in major litigation and fails to pay off due debts. Among them, as of the end of July, Hengda Real Estate involves more than 30 million yuan in pending litigation, a total of 437.743 billion yuan in due and unpaid debts 2775.01 billion yuan, and a total of 207.50 billion yuan in overdue commercial tickets. Up to now, Hengda Real Estate has more than 600 information on the person subject to execution, and the total amount of execution exceeds 55.70 billion yuan. In addition, there are many restrictions on consumption orders, dishonest persons subject to execution (Lao Lai) and final case information.

Hengda since the second half of 2021 large-scale exposure to debt risk, nearly two years is still difficult to ease the pressure on funds, as of the end of June this year after excluding contractual liabilities of 1.78 trillion yuan, involving a large number of loans, payables, net assets negative 644.20 billion yuan. According to incomplete statistics, Hengda is currently involved in the country’s unfinished housing reached 1.60 million sets, which is behind 1.60 million families, close to 5 million people. The regulatory authorities left Xu boss time, or just to let him complete the task of "guaranteeing the building" as much as possible.Author | Wang Jian

Domestic high-quality work, Huawei Ascend P7 school promotion

　　[PConline Anhui Railway Station Quote]Huawei P7 front with 5-inch 1080p screen, with 6.5mm ultra-thin body, front 8 million + rear 13 million camera combination, built-in 1.8GHz HiSilicon Kirin910T quad-core processor, with 2GBRAM + 16GBROM body storage, rear non-removable 2500mAh battery, support CAT4 LTE 4G network. The texture and feel of the mobile phone are very good. At present, this mobile phone is on sale at the merchant "Hefei Smart Communication". Friends who plan to change phones may wish to consider it.

Mobile communication latest price change table
Model	Previous quotation (yuan)	Current price (yuan)	Rise and fall (yuan)	Remarks
Huawei P7 Unicom Edition	So — yeah.	So — yeah.	So — yeah.	So — yeah.
Collection date: August 11, 2014, please click for more market price changesAnhui mobile phone market

Huawei P7 Unicom Edition　　picture　　series　　review　　forum　　quote　　Online shopping price　　

　　Huawei P7 also has a 5.0-inch 1080p resolution Incell IPS touch screen, provides 445ppi pixel density, has 2GB RAM memory and 16GB storage capacity, supports memory card expansion, built-in 1.8GHz Kirin 910T quad-core processor, supports Bluetooth 4.0 BLE technology. In addition, Huawei P7 also fully supports LTE 4G network. In terms of software, Huawei P7 runs Emotion 2.3 interface based on Android 4.4.2 system, and provides simple desktop (Simple UI), magazine lock screen (supports dynamic update) and other functions, and supports voice to find contacts and extreme power saving mode. As for music playback function, it provides DTS sound effect and comes with 2500 mAh battery.

PConline Product Library– Specifications
brand	Huawei Honor
series	Huawei P7 series
Model	P7 Unicom Edition
Mobile phone frequency band	GSM 900/1800MHz, WCDMA 900/2100MHz, TD-LTE 2300-2320 MHz/2555-2575 MHz (Unicom 4G), dual SIM dual standby
weight	124G
system	Android 4.4
Bluetooth	Bluetooth v4.0
WiFi (WLAN)	Supports WiFi, IEEE 802.11 b/g/n
expansion card	Support TF card (microSD card), up to 64GB expansion
product link	//product.pconline.com.cn/mobile/huawei/568668.html
online shopping price comparison	Price comparison of major e-commerce companies
IT mall	Online shopping price
More details	picture 　quote 　parameter 　compare 　User comments 　Review · Quotes

　　Editor’s comment:Huawei Ascend P7 is Huawei’s latest flagship mobile phone, which has also been comprehensively improved in terms of performance. At the camera end, the machine is equipped with a 8 million pixel front lens, and it is also equipped with a ten-level beauty function, which is a good choice for friends who like to take selfies. Especially Huawei Ascend P7 also supports 4G network, bringing a better network experience.[Return to Anhui Branch to view more]

　　When purchasing a machine, mention PConline Pacific Computer Network for better service or discounts.

　　[Reference price]:Huawei P7 Unicom Edition　Price negotiable
　　[Sales Merchant]:Hefei Intelligent Communication 　　　//m.pconline.com.cn/shop454082/
　　[Business address]:16th Pack, 1st Floor, Area A, Tiandi Communication Mall, No. 248 Huizhou Avenue, Baohe District, Hefei City, Anhui Province
　　[Business phone number]:13866108099　　　0551-62880292
　　[Latest Quotes]:Anhui mobile phone market
　　[Quote inquiry]:Anhui mobile phone quotation

Counting the five sins of Xingye, peers ＂do not like to see＂ Zhou Xingchi

Xiang Huaqiang and his wife

　　Zhou Xingchi is an idol in the hearts of countless audiences, but in the hearts of his peers, his image does not seem to be so high. He has been collaborated with many actors or directors, such as Wu Mengda and Wang Jing. Recently, in an interview with a weekly magazine, Chen Lan (Mrs. Xiang Huaqiang, known as Xiang Tai), vice chairperson of China Star, talked about several superstars who have cooperated, praising Andy Lau and Jet Li for their loyalty, but she mercilessly exposed Zhou Xingchi’s "evil deeds" and vowed not to use him again in the future.

　　Count the five sins of Xingye

　　In the interview, it was mentioned that Xiang Tai had 40 million to litigate Andy Lau, and Xiang Tai admitted that there was such a thing, but the clarification did not 40 million so much, "I think this is the trust between people. He believes in me and I believe in him, so it seems that the friendship between the two is particularly different." "What’s the difference?" "I once signed a very expensive contract with him, and he took the initiative to reduce his salary by half when the market was not good." Xiang Tai also disappointed her: "Zhou Xingchi, I took 15 million from his 60,000 salary." Xiang Tai said that it was very painful to cooperate with Zhou Xingchi, accusing him of five sins, including 1. Love to direct the director on the spot; 2. Change the content of the movie at any time; 3. Make everyone wait hard; 4. Suddenly disappear; 5. Make the whole group accommodate him! "I really swallow my anger, I can’t tell anyone about my hardships, I swear I won’t use him again in the future, of course he is the boss now, no one can afford him, but I don’t care about him at all."

　　The producer knelt down and begged Xingye

　　When Wang Jing used 10 million to ask Zhou Xingchi to shoot for 10 days, but he didn’t arrive at the scene until 3 o’clock every day, his eyes were not focused, and he couldn’t do his homework, "But because he signed the sponsorship, Wang Jing hoped that he could come to the premiere. I heard that the producer would kneel and beg him to come. He came for 3 minutes and left. I just arrived when he left, and I said a foul word in his ear." It can be seen that Xiang Tai was extremely angry at that time.

　　He insisted that Cecilia Cheung shave her head and film

　　Later, Xiang Tai signed Cecilia Cheung again, but because she took over Zhou Xingchi’s play, Xing Ye asked Zhang Cecilia Cheung to shave her head, and if she refused to shave, she would have to pay 3.50 million Hong Kong dollars, "Cecilia is my person, so it is clearly nothing to do." Xiang Tai asked him to come out to talk, but Zhou Xingchi did not show up, "I wrote a letter to him later, and he immediately came out to see me. In fact, for so many years, he has caused trouble outside, and I have blocked a lot of wind and rain for him." The implication of the words is that Xing Ye does not know how to drink water and think of the source at all.

　　Friendship with Jet Li

　　Referring to Li Lianjie, Xiang Tai also said that the two have a history, because after Cai Ziming, who supported Li Lianjie’s filming, was killed, he went to Beijing to avoid the limelight, and Xiang Tai offered to cooperate with him, "I only asked him if he was willing to shoot, and Jie Zai told me that we don’t need to talk about money for filming, no matter what." Li Lianjie also said that he only trusted Xiang Tai in the film circle, so Xiang Tai was very moved. "At that time, he was already very popular. Someone offered a salary of 2 million US dollars, but he would rather not accept a penny and wait for the dividend to show his trust in us." Later, the movie made money, but Li Lianjie did not receive the money due to the accident, and Xiang Tai immediately paid Li Lianjie out of his own pocket. Because Xiang Tai kept his word, Li Lianjie deepened his understanding and established the friendship between the two for more than ten years. Li Lianjie will live in Xiang Tai’s home in Hong Kong, and will travel together, and his relationship is close.

　　■ They have all counted Xingye, haven’t they?

　　Luo Jiaying: Too much emphasis on money

　　On Feb. 26, Luo Jiaying, who played Tang Seng in "Journey to the West," said in an interview that Zhou Xingchi once said: "This person takes money too seriously." He also said that Zhou Xingchi was not kind back then and did not pay for more films. Luo Jiaying said that when Zhou Xingchi invited him to make "Journey to the West," it was indicated that it was "one movie," but in the end the film was cut and divided into two parts. Luo Jiaying once asked for the two plays to be calculated according to the remuneration of the two plays, but in the end Zhou Xingchi did not pay, and there was no reasonable explanation.

　　Wang Jing: Not good at communication

　　On February 17 this year, Wang Jing, a director who has worked with Zhou Xingchi on "Gambler" and many other films, was interviewed by Wu Junru, and he secretly mocked Zhou Xingchi for not being suitable for communicating with others: "With his personality, he can only shoot himself! Hollywood can’t get along, and the other party doesn’t cooperate with him."

　　Wu Mengda: It needs to be denied

　　In October last year, Wu Mengda, who was once known as Stephen Chow’s iron partner, talked about his relationship with Stephen Chow in "The Story Behind". Wu Mengda bluntly said that Stephen Chow was not the same as before. "He has raised himself to a high level. Now no one dares to deny him, but I think he needs to be denied because everyone is wrong at times."

　　Samuel Hung: Don’t treat people as human beings

　　The grudge between the two began in "Kung Fu". As an action director, Hong Jinbao and Zhou Xingchi disagreed, and the two almost fought, and the two officially tore their faces. From then on, as long as someone mentioned Zhou Xingchi, Hong Jinbao was furious: "You can’t just treat yourself as a human, the rest are dogs!" Zonghe

　　■ Stephen Chow was absent from the Hong Kong Academy Awards ceremony

　　Star’s assistant Tian Qiwen recently wrote a blog to reveal that although Zhou Xingchi was shortlisted for the Best Supporting Actor nomination at the Academy Awards with "Yangtze River No. 7", Star will definitely not attend the Academy Awards ceremony.

　　According to reports, Tian Qiwen published a blog on March 10 entitled: "My Days with" Someone " (1) ", calling the co-operative Xing Ye by someone, in response to a blogger’s question about whether Xing Ye would attend the Hong Kong Film Awards ceremony in April, writing "His old man has informed the conference that he will not attend." Tian Qiwen also said that since working with him in 1992, although he did not know everything about him, he has understood his thoughts after years of getting along with him and learned the way of life from him, so it is not surprising that he did not attend the award ceremony even if he was nominated. Pony

Editor in charge: Li Erqing

Charge the phone bill and send the mobile phone. Huawei Mate7 Telecom Edition is only 2999 yuan.

　　(Zhongguancun Online Anhui Quotes) Huawei Ascend　P7(Telecom version) is a full Netcom 4G-LTE dual-SIM flagship mobile phone launched by Huawei and China Telecom. It has a beautiful body design and is also quite powerful. It uses its own HiSilicon Kirin 910T quad-core processor and runs the Emotion 2.3 operating system customized based on Android4.4.2. The overall performance is quite excellent. At present, the machine is quoted at 2999 yuan at the Anhui distributor "Suzhou Glumb (installment payment can be made) ". The price is very favorable. The purchase can enjoy the telecom package tariff discount business. It is very cost-effective. Friends who like it may wish to find out.

Enjoy Tianyi 4G new life, Huawei P7 is priced at 2250 yuan

Picture shows　HUAWEI P7

　　HuaweiAscend P7(Telecom version) is equipped with a 5.0-inch 1080P resolution IPS screen on the front, using in-cell technology, and the front and back bodies are covered with the third-generation Corning Gorilla Glass. It looks not only beautiful but also quite atmospheric. Equipped with a 1.8GHz HiSilicon Kirin 910T quad-core processor, with2GB　RAM + 16GB ROM combination, the overall performance is powerful.

Picture shows HUAWEI P7

　　HuaweiAscend P7(Telecom version) has 13 million pixelsRear +8 million pixelsFront-facing camera combination, the main camera adopts F2.0 aperture, Sony4th generationStacked sensor. And 2500mAh capacity battery. Support 5-mode 10-band, support TD-LTE,TD-SCDMA, GSM, FDD-LTE,WCDMA(The latter two are only supported by international roaming.)

Huawei Ascend P7 (Telecom 4G)
Exposure date	2014
Mobile phone type	4G mobile phone,3G mobile phone,Smartphone,Business phone, phablet phone
Touch screen type	Capacitive screen, multi-touch
Home screen size	5 inches
Home screen material	LCD material (Incell technology)
main screen resolution	1920X1080 pixels
screen pixel density	441ppi
Screen technology	In-Cell full lamination technology
narrow border	3.27Mm
screen ratio	71.64%
network type	Dual SIM, Dual Pass
4G network	Telecom TD-LTE
3G network	Telecom 3G(CDMA2000Telecommunications 2G (CDMA),China Unicom 3G(WCDMA, only for foreign roaming use), Unicom 2G/Mobile 2G (GSM, only secondary card support)
Support frequency band	2G: GSM 900/1800/1900 3G: CDMA EVDO 800 4G: TD-LTE 1800/2100 4G: FDD-LTE 2635-2655
WLAN function	WIFI, IEEE 802.11 b/g/n
navigation	GPS navigation, GLONASS navigation, compass
Connect and share	OTG, WLAN hotspot, Bluetooth 4.0
Operating System	Android　OS 4.4
user interface	Emotion UI 2.3
number of cores	quad core
CPU model	HiSilicon Kirin 910T
CPU frequency	1.8 GHz
GPU model	Mali-450 MP4
RAM capacity	2GB
ROM capacity	16GB
Memory Card	Capacity expansion is not supported
Battery type	Non-removable battery
Battery capacity	2500mAh
camera	built-in
Camera type	Dual cameras (front and rear)
Rear camera	13 million pixels
Front-facing camera	8 million pixels
Sensor type	CMOS
flash	LED fill light
video shooting	1080P (1920 × 1080, 30 frames per second) video recording (rear) 720P (1280×720, 30fps) video recording (front)
camera function	Watermark camera, off-screen quick shot, full focus mode, autofocus, digital zoom
Styling design	straight board
Body color	Black, white, gold, pink.
Phone size	139.8X68.8×6.5mm
Phone weight	124G
operation type	Virtual key
Sensor type	Gravity Sensor, Light Sensor, Distance Sensor, Gyroscope
SIM card type	Micro SIM/Nano SIM
Airframe interface	3.5Mm headphone jack, Micro USB v2.0 data port
Other appearance parameters	Double glass body, 7-layer coating, composite texture
Audio support	Support MP3/WAV/OGG/MID/AMR and other formats
Video support	Support MP4/3GP/M4A/RM/RMVB/WMV and other formats
image support	Support JPEG/PNG/GIF/BMP and other formats
common functions	Calculator, radio, e-book, alarm clock, calendar, recorder, scene mode, theme mode
Business function	Airplane Mode
packing list	Host x1 Headphones x1 Charger x1 USB cable x1 Brochure x1 Quick Guide x1 Safety Note x1 Warranty card x1
Warranty Policy	National Joint Insurance, enjoy the three-guarantee service
Quality assurance time	1 year
Quality assurance Remarks	1 year for the host, 6 months for the battery, and 1 year for the charger.
Customer service phone	400-830-8300; 400-690-2116; 800-830-8300
Phone remarks	Monday to Sunday: 8:00-20:00
Details	From the date of purchase (subject to the purchase invoice), if due to quality problems or failures, with the quality inspection certificate of the manufacturer’s maintenance center or special maintenance point, enjoy return within 7 days, exchange within 15 days, and enjoy free warranty and other three-guarantee services within the quality assurance period for more than 15 days! Note: Users who purchase mobile phone accessories products separately, please keep the outer packaging of the accessories and the original invoice in good condition. If the above vouchers cannot be provided, the normal accessories warranty or replacement will not be possible.Enter the official website > >
Antutu test	27814

　　editorial review: HuaweiAscend P7(Telecom Edition) As a brand-new flagship model, it features a sleek and slim appearance without losing the performance of the flagship. I believe it will be loved by many young people, and interested friends must not miss it.

　　Huawei Ascend P7 (Telecom Edition)　

　　[Reference price]: 2999 yuan

　　[Business name]: Suzhou Glumb (can be paid in installments)

　　[Contact person]: Manager Zhang

　　[Contact]: 18913121327

　　[Merchant Address]: 4th Floor, RT-Mart, No. 99 Huayuan Road, Xiangcheng, Eurasian Digital City Glumb Telecom Mobile Phone Store

　　[Business website]://dealer.zol.com.cn/d_173326/

Ask the author a questionLabel:cell phone

Break 38 billion gamble, Wang Jianlin is back？

Wang Jianlin has once again defused a potential crisis.

On December 12, the official website of Wanda Group announced that PAG Investment Group(PAG)A new investment agreement has been signed with Dalian Wanda Commercial Management Group. Under this agreement, Pacific Alliance will reinvest in Zhuhai Wanda Commercial Management with other investors after the investment redemption period expires in 2021.

This move means that Wanda has successfully lifted the previous gambling crisis. Back in August 2021, 22 investment institutions, including Zheng Yutong family, Country Garden, CITIC Capital, Ant, Tencent and Pacific Alliance Investment Group, jointly injected 38 billion yuan into Wanda Commercial Management, of which Pacific Alliance invested about 2.80 billion US dollars(About 18 billion RMB)…

The condition of the investment is that if Zhuhai Wanda Commercial Management fails to complete the listing by the end of 2023, 22 investors can ask Wanda to buy back shares at a rate of 8%. This is like a sword of Dascomo hanging over Lao Wang’s head, which may fall at any time.

A person familiar with the matter told ifeng.com’s Eye of the Storm that PAG was the lead agency at that time, and the investment agreements were all drawn up by PAG.

The end of the bet is approaching, and PAG has cleared the thunder buried by himself, and the increasingly thin Lao Wang can finally breathe a sigh of relief.

However, as the shareholding ratio decreases, Wanda’s control over Zhuhai Wanda Commercial Management will inevitably weaken.

Lost nearly 40% of its equity

Seeing the clock ticking at the end of the year, many people were sweating for Wang Jianlin. If the share repurchase clause was touched, it would be a great challenge to the cash flow and reputation of Wanda Commercial Management, but Lao Wang, who had already experienced great storms, temporarily resolved the crisis of Wanda Commercial Management in an unexpected way.

According to the latest agreement announced by Wanda Group, Dalian Wanda Commercial Management holds 40% of Zhuhai Wanda, making it the single largest shareholder. Pacific Alliance and several existing and new investors will participate in the investment, with a total shareholding of 60%.

According to the prospectus provided by Zhuhai Wanda to the Hong Kong Stock Exchange in June 2023, Dalian Wanda Commercial Management Group directly owns approximately 69.99% of the total issued shares of Zhuhai Wanda Commercial Management, and indirectly owns approximately 8.84% of the total issued shares through Zhuhai Wanxin, Zhuhai Wanying and Yinchuan Wanda.

This also means that after the signing of the new agreement, the shareholding ratio of Dalian Wanda Commercial Management Group in Zhuhai Wanda Commercial Management has decreased by at least 38.83%.　　

This is a huge concession for Lao Wang. In the announcement, Wanda said that it will work with important shareholders such as Pacific Alliance to further optimize the company’s corporate governance, maintain the stability of the management team, and jointly support the company’s long-term development.

It also seems like a good option for investors, as the charterer business is so easy to do. According to public records, Zhuhai Wanda Commercial Management currently manages 494 large commercial centers in 227 prefecture-level cities and above across the country. In the past two years, the number of commercial centers managed by Zhuhai Wanda Commercial Management has grown from 417 to 494, an average annual growth rate of about 9%. Zhuhai Wanda Commercial Management is already the world’s largest commercial management company in terms of commercial area under management.

And Zhuhai Wanda Business Management can continue to create profits. In 2021 and 2022, Zhuhai Wanda Business Management’s after-tax profit will be 5.30 billion yuan and 7.50 billion yuan respectively, and the estimated profit in 2023 will reach 9.50 billion yuan. In this way, the annual growth rate will reach 34%.　　

At a time when many real estate companies are struggling to find financing to get out of trouble, Wanda Business Management is thriving. More importantly, there is no new gambling agreement in the agreement, and the increasingly emaciated Lao Wang finally does not need to carry the spell of "listing", although listing will still be a must for Zhuhai Wanda.

Shen Meng, executive director of Chanson Capital, said that Wanda Commercial Management is an asset-light enterprise, and the value of shares that are not listed is limited. Institutional investments still seek returns. Wanda must not only maintain stable performance, but also promote listing when future conditions are met.

And Wanda is not safe, need to continuously improve competitiveness in business operations, brand building, Client Server, etc., to cope with the increasingly fierce market competition, while continuing to pay attention to the source of funds and the use of efficiency. What’s more, Dalian Wanda business management also need to take out about 38 billion yuan to buy back equity.

In this regard, Bai Wenxi, chief economist of IPG China, told ifeng.com "Eye of the Storm" that according to Wanda’s announcement, Pacific Alliance will join other investors to reinvest in Zhuhai Wanda Commercial Management after its investment redemption period expires in 2021. This means that Wanda needs to really put up the money to Pacific Alliance and other investors, and then Pacific Alliance and other investors will invest in Zhuhai Wanda Commercial Management. However, the specific investment method may change according to the actual situation.

Shen Meng directly stated that the repurchase is only formal, and it only needs to be readjusted according to the transaction structure. There is no need to really hand over the money to the other party, and then let the other party invest it back.

Second, the good show may have just begun

According to public information, PAG’s main business covers the credit market, private equity and real estate. Its previously released prospectus shows that the revenue of PAG Investment has shown a continuous growth momentum, climbing from $436 million to $737 million, with a compound annual growth rate of 30.02%.

In addition to Wanda, PAG’s portfolio also includes a number of well-known Chinese companies, such as Tencent Music, Nayuki, Baosteel Gas, Sinopharm Group, Borui Bio, and Lexin Financial.

In 2010, Shan Weijian chose to join PAG as chairperson and chief executive. The low-key but well-known capitalist was the first Chinese student at the University of San Francisco. During his career, he served as the Texas Pacific Group, a globally renowned private equity firm(TPG)Partner and co-managing partner of TPG Asia.

Some people who have worked with Shan Weijian said of him: "Although he is a low-key person, he has a huge influence in the industry." And more people regard him as "a barbarian at the door". Since he took the helm of PAG, he has won absolute control of Bikang Pharmaceutical and Zhenai.com.　　

He is particularly active in real estate, which is seen as one of PAG’s three core businesses.

In 2013, PAG invested in the acquisition of a 65% stake in Shanghai Yueda 889 Plaza project. In 2015, PAG joined forces with Vanke to acquire the third phase of Enterprise World from Ruian Real Estate.

In addition, PAG also acquired 100% of China Merchants Group Tower in Shanghai, 100% of China Merchants Group Plaza in Shanghai, and 91% of Beijing China Merchants Group Tower in the heart of Beijing’s business district through a real estate fund jointly established with China Merchants Shekou.

On August 30, 2017, PAG, the second-largest shareholder in Chunquan REIT, published an open letter. In the letter, they called for a special shareholders’ meeting with the aim of ousting Chunquan Asset Management, which is currently controlled by Japanese capital. They proposed returning management to Chunquan REIT itself, and expected to be able to send personnel to the board of directors, while appointing professionals to review the company’s management.

A year later, PAG went further and made a direct bid for Chunquan REIT. Chunquan REIT’s main asset is the China Trade Center in Beijing.

As for this investment strategy, Mr. Shan has made it clear that his aim in fighting for control is to change the management of the acquired company in order to increase the value of the company. He is convinced that "only by creating value through acquisitions can we truly gain income."　　

One is a capital tycoon, a real estate tycoon, and their story may have just begun.　　

This article is from the WeChat official account:ifeng.com Finance (ID: finance_ifeng)Author: ifeng.com Finance

Autonavi map launches self-operated online ride-hailing service ＂Rocket Travel＂

Recently, as an important participant in the aggregation and ride-hailing model, Autonavi launched its self-operated online ride-hailing business "Rocket Travel" to attract a lot of attention. In response, Autonavi responded that Autonavi hailing adheres to the aggregation platform positioning, and Rocket Travel’s goal is to explore the next-generation online ride-hailing model. There are no other new city plans.

Autonavi pushes self-employment model online car-hailing "rocket travel", can it make money?

Recently, Autonavi’s self-operated online ride-hailing business has triggered discussions. On October 26, Autonavi’s self-operated capacity platform "Rocket Travel" appeared on the Autonavi map Beijing taxi platform.

The Beijing News shell financial reporter noticed that in the Autonavi map taxi section, "Rocket Travel" provides economical, premium, six-seat business, luxury and other car services.

According to Qichacha’s industrial and commercial information, the operating body of "Rocket Travel" is Beijing Litong Travel Technology Co., Ltd., which was registered in September 2021, and Autonavi Software Co., Ltd. is the sole shareholder.

Autonavi Map has personally gone off the market to do self-operated online car-hailing business or has also seen changes in the industry landscape. Since July 2021, the online car-hailing industry has undergone profound changes, and Meituan’s self-operated online car-hailing project "Meituan Taxi" has re-emerged.

At the same time, the online car industry capital competition once again up the ante, Cao Cao travel completed 3.80 billion yuan B round of financing, T3 travel completed 7.70 billion yuan A round of financing, easy to use the car plan "comeback".

However, it is not easy for the online car-hailing industry to make money. For a long time, the issue of the proportion of online car-hailing has attracted much attention. Since 2021, relevant ministries and commissions have repeatedly asked online car-hailing platforms to reduce the excessive proportion of the commission, set the upper limit of the commission, and announce it to the public.

In July this year, Wang Xiuchun, deputy director of the transportation service department of the Ministry of Transport, said that local transportation departments continue to promote the implementation of "Sunshine Action" by platform companies operating services in the local area. At present, the upper limit of the proportion announced by major platform companies is between 18% and 30%.

The net profit at this level is not high either. In May 2021, Didi Chuxing announced its revenue. In 2020, Didi’s online ride-hailing driver income accounted for 79.1% of the total amount payable by passengers. Of the remaining 20.9%, 10.9% were passenger subsidies, 6.9% were business operating costs (technology research and development, servers, security, customer service, manpower, offline operations, etc.) and taxes and payment fees, etc. 3.1% were net profits for the online ride-hailing business.

The net profit of most small and medium-sized ride-hailing platforms may not reach 3.1%. However, loss-making operations or low net profits are the product of a period of disorderly competition in ride-hailing.

Ding Daoshi, a veteran Internet observer, believes that the business model of online car-hailing is the same as that of shared bicycles. Autonavi’s self-operated online car-hailing will not aim to make profits in the early stage. It will strengthen investment and support, cultivate user habits, and gain market share. The right way is; there are trillions of market opportunities in the industry.

Giants enter the industry, and the aggregation model is highly competitive

In fact, before the launch of "Rocket Travel", Autonavi Maps was already a typical enterprise for aggregating taxi models. On October 28, a shell financial reporter from the Beijing News found that in addition to rocket travel, Autonavi Maps Beijing taxi service also links to platforms such as Feidi Taxi, Xinghui Travel, Beijing Taxi, Journey Easy, AA Travel, Sunshine Travel, Shenzhou Special Car, Cao Cao Travel, and Shouqi Car-hailing.

The aggregation model emerged and emerged around 2018. In September 2018, Hello announced its access to TikTok’s travel service and partnered with Shouqi’s ride-hailing business. In April 2019, Meituan Dache announced the launch of the "aggregation model". Subsequently, Didi Chuxing and navigation platforms such as Autonavi Maps also launched the aggregation model.

The aggregation platform has given new life to many traditional enterprises in the transportation industry with the advantages of traffic entry and complete ecological closed-loop. Since the beginning of this year, the "asset-light" aggregation model has also attracted more giants to join. In July this year, Huawei launched the aggregation taxi platform Petal Travel, and WeChat tested Tencent Travel.

The "aggregation model" has also attracted the attention of relevant ministries and commissions. In August this year, the Office of the Inter-Ministerial Joint Conference on the Coordinated Supervision of New Formats of Transportation conducted reminder interviews with 11 platform companies including Didi Chuxing and Autonavi, pointing out that some platforms have violated the legitimate rights and interests of employees and passengers, prominent illegal operations, and hidden safety and stability risks.

It mentioned that "the aggregation platform should ensure that the connected online car-hailing platform complies with relevant regulations, and urge the connected online car-hailing platform company to strengthen the management of vehicles and personnel. In the event of a safety incident, the aggregation platform company should fulfill its liability for advance compensation according to law, and work with the involved online car-hailing platform company to handle the accident."

How to balance aggregation business and self-operated business? Autonavi responded to the media by saying that Autonavi ride-hailing and Rocket Travel are two completely independent and different platforms, and Autonavi ride-hailing adheres to the aggregation platform positioning. Rocket Travel’s goal is to explore the next generation of online ride-hailing models and conduct technological innovation and trials in limited cities. At present, Rocket Travel has no other new city plans.

Chen Weicheng, Shell Financial Reporter, Beijing News

Editor, Song Yuting

School against spring

年度归档 2024年8月16日