The word "superstar" came from Zhou Xingchi’s mouth, with a very "nonsensical" style. At first, it was very funny, but when you think about it, it is deeply meaningful. These four words can be said to be a true portrayal of Zhou Xingchi’s career as an actor. The dragon set achieved Zhou Xingchi’s superstar status, making him change from "Zhou Xingxing" to "Xingye", while the superstar made Zhou Xingchi "because of invincibility, a little lonely".

　　When "Superstar" recalled "Dragon Set" Zhou Xingxing, he said: "I wait every day, but I don’t know what I’m waiting for. In fact, it should be waiting for an opportunity. Wait year after year, wait one second a day. Finally, when I was about to’die ‘, I finally had the opportunity, and I realized that it was not an opportunity, it was a complete misunderstanding, so I continued to wait."

　　So, in 1999’s "King of Comedy," Liu Piaopiao tells Yin Tianchou: "It’s so dark in front of you, you can’t see anything." Yin Tianchou says: "No, it will be beautiful after dawn." But at the end of the movie, Yin Tianchou still lost the opportunity to play the lead role and did not arrange a successful ending for him.

　　After 20 years, Zhou Xingchi, who had 20 years of life insights, was even more childlike and liked fairy tales, so he made "The King of New Comedy" again. In the film, the heroine, Rumeng, saw the dawn. In this imperfect world, Zhou Xingchi wanted to give the audience a perfect ending: "Because I think this can encourage everyone more directly, so that the audience can see that life will not be a walk-in forever. It can be said that 20 years ago, the audience did not see’dawn ‘with Yin Tianchou, but 20 years later, everyone can see it. After dawn, it is really beautiful."

　　The auction was completed in two months, but it took seven or eight years to think about it.

　　On November 29, 2018, Stephen Chow’s new work "The King of New Comedy" was officially announced to be released on February 5, the first day of the new year in 2019. Once the news was released, it quickly became a hot topic. In addition to the expectations of star fans, it also attracted a lot of controversy, such as "Why shoot" The King of New Comedy "after 20 years? Stephen Chow is frying cold rice, because Jiang Lang has exhausted his talents", and it is said that "the movie was shot in two weeks. Because the production of" Mermaid 2 "was overdue, in order to fill the gap, Stephen Chow temporarily started filming" The King of New Comedy ".

　　For all kinds of "nonsense" and suspicions, Zhou Xingchi is not in a hurry and is not annoyed. He replies one by one, and he says with a smile: "It seems that at my age, every new play will be said to be talented. I have fried Yangzhou fried rice, but I have never fried cold rice." Mermaid 2 "has a long post productin time, and it was originally planned to be released in 2020."

　　Zhou Xingchi revealed that seven or eight years ago, he was already considering making another story about the struggles of the little people: "I’ve been thinking about doing something else, and occasionally I think about it. It was three years ago when I felt like I was thinking about it, and I suddenly thought about it clearly, and I started to prepare little by little. In this era, how to re-show the story of the past, but have a different feeling, this is what I have been thinking about."

　　"The New King of Comedy" came out of nowhere because the film was based on the title of "Plan D". There were rumors before that Stephen Chow was going to make "The King of Comedy 2", but the news was later denied by many parties. Chow admitted that he did "keep a low profile" on purpose. "Because the final name of the movie has not been decided yet, and I don’t want to give everyone spoilers, I just changed the name. Then why am I called’Plan D ‘instead of ABC, because ABC has already been registered by others, so I had to choose D."

　　In Stephen Chow’s mind, it was not because’The New King of Comedy ‘was an IP sequel that the difficulty was reduced. Out of his devotion to movies, Stephen Chow would not allow himself to neglect the work. "I think I need time.

　　"If it’s ok, then I’m too good." Mr. Chow denied that "The New King of Comedy" took two months to shoot because the film had no special effects, so it was relatively simple to shoot and not troublesome to post productin: "If you start with the official script, it should be three years. After the script was completed, it was actually very fast to shoot, but this time we used a different shooting method and spent some time in this regard."

　　Every time I see a group performance, I am reminded of my own experience

　　The actors who have worked with Stephen Chow, especially the group actors and set actors, will feel very distressed for him because he is too hard. Not only do the crew work hands-on, but every actor has to personally teach the play, including the group performance, the dragon set, and the filming of "The New King of Comedy" is no exception.

　　Stephen Chow admitted that filming is really tiring, so he sometimes wants to be a robot. "However, sometimes when you are doing what you like, you don’t feel too tired, and that feeling of fulfillment will dilute the fatigue. For a movie, there are no small roles, everyone is a useful role. To achieve the effect of the movie, no matter what kind of person it is, they will have an impact on the final presentation of the movie. Maybe it’s because of my own expression habits. I think the performance is more intuitive. I want the actors to immediately understand which feeling I want. But in the process, they will also create a lot of different things of themselves. In fact, everyone is giving inspiration together."

　　"The New King of Comedy" tells the story of the heroine Rumeng who encounters various setbacks in her life, but never gives up. Chow Xingchi said that every time he sees a group performance, he "naturally thinks of his own experience".

　　Stephen Chow’s movies were good at telling stories about little people, and his ability to tell the lives of little people from a normal perspective rather than a high-minded attitude was related to Stephen Chow’s mentality. Although he had been a superstar for many years, he would always say in interviews that he was still a little person and had an ordinary life. "The lives of those little people have not left me, but my job is to make movies, so everyone knows me, so I can continue to make movies and do what I like."

　　The only star in "The New King of Comedy" is Wang Baoqiang. Why don’t you find more mature actors to play? Mr. Chow said he wanted to give more people who are passionate, have dreams, and have been working hard a chance to find more talents. "This is what I have been doing myself. I hope that young actors will continue to appear, so that they can be inspired to participate in the film industry."

　　Zhou Xingchi often used some crew members in the movie, such as screenwriters, assistant directors, etc., who would become cast members. When asked why he had this "hobby", Zhou Xingchi laughed and said that because these people also have actor dreams, and there are many stories in the play in "The New King of Comedy", many of the characters are the cast members of the movie, "So it’s better to find real people to act, isn’t it?"

　　To be funny requires a very painful experience.

　　In "King of Comedy", there are many scenes from Zhou Xingchi’s real experience. For example, in the film, Yin Tianchou is shot to death by Du Juan’er after changing into a priest’s costume, but until Du Juan’er has dealt with all the bad guys, Yin Tianchou still plays "inner drama" later, so anxious that the director shouted "Cut". This clip is based on Zhou Xingchi’s experience in "The Legend of the Condor Hero".

　　In the film, a cockroach jumps onto the corpse played by Yin Tianchou, but he still doesn’t move. This scene originated from the true story of Chow Xingchi’s filming of the movie "Jiupin Sesame Official".

　　After 20 years, the "treatment" of the dragon set has not been improved. In "The King of New Comedy", E Jingwen played Rumeng, who suffered no less than Yin Tianchou, so much so that E Jingwen said with a smile that she could be selected as the heroine because of her "resistance to fighting", and the bitterness of walking around made the audience cry.

　　Zhou Xingchi himself, like Yin Tianchou and Rumeng, was an unpopular person on the crew because they had too many opinions and thought "he was an actor". In the 1983 version of "The Legend of the Condor Hero", Zhou Xingchi played a soldier who was about to be beaten to death by Mei Chaofeng’s palm. Before the performance, he took the initiative to discuss with the assistant director, "Can I block it with my hand and die in the second palm?" The assistant director glared: "Waste of time!"

　　Before he became a superstar, Zhou Xingchi had worked for six years, looked at countless eyes, and suffered countless hardships. Because he had no advantage in height, he had to wear an inner height of seven or eight centimeters to find a chance for himself, but other competitors would also wear it, so Zhou Xingchi still had no chance.

　　When Stephen Chow and Zheng Shaoqiu were filming the TV series "Metropolis" together, it was already very late one day, but Zhou Xingchi was in a daze at the elevator entrance, and then he suddenly lay down at the elevator door. The staff next to him were very surprised and watched Zhou Xingchi being hit by the elevator non-stop. Zhou Xingchi said: "If you die at the elevator door, it will have a magical effect of being hit non-stop." Zheng Shaoqiu next to you said: "You are really a good actor. I didn’t expect you to be so persistent." In the end, the director made the decision and used this shot.

　　During the "King of New Comedy" roadshow, Zhou Xingchi also recounted that when he was doing the trick, there was a line that he felt bad about when he got home, so he took a car back to the set and asked the director to shoot again. The director was not happy at first, and Zhou Xingchi knelt down and begged him in a hurry, and finally the director agreed to let him reshoot.

　　So, when asked about his deepest feelings about his long career, Zhou Xingchi said that it was common to be scolded and ridiculed, "For example, I asked the director if it was okay? The director said, ‘Forget it, I can’t see you, go away.’ What I remember deeply is that I waited every day, but I didn’t know what I was waiting for. In fact, it should be waiting for an opportunity. Waiting year after year, waiting for a second every day. Finally, when I was about to’die ‘, I finally had the opportunity, and I realized that it was not an opportunity, it was a complete misunderstanding, so I waited."

　　From the beginning of his career, after he became famous, he was hindered by various problems, criticized as a tyrant on the set, did not understand the world, and compared money with money. Over the years, Zhou Xingchi has been in constant disputes and criticisms, but he has never responded to all kinds of criticisms and is alone.

　　Wang Jing once commented: "Zhou Xingchi’s vicissitudes and melancholy are from beginning to end. He left all his smiles on the screen, as if you had to pay first to see him laugh in life."

　　Stephen Chow hides his true heart with comedy, but his seemingly simple comedy doesn’t mean shallow. Every laugh he makes is actually brewed from the five flavors of life. Chow said: "In fact, it takes a lot of pain to get a little laugh. To be funny also requires a very painful experience, and the most tragic things can also be the funniest things. It’s actually easy to do a crying scene, but to get a little laugh, you have to go through a lot of pain to achieve it. It’s really hard to do comedy."

　　I’m still working on it.

　　When 9-year-old Stephen Chow saw the movie "Tangshan Big Brother", he suddenly wanted to become an actor, "I want to become a kung fu star like Bruce Lee". At that time, he was so shy that he went out to eat with his mother. If there were outsiders, he would cover his face with menus. "I am afraid that others will look at me and talk at me."

　　So the mother’s "lofty ambition" for her son to become a star can only laugh back, but Zhou Xingchi is serious: "If you don’t have a dream, what’s the difference with Salted Fish?"

　　Today’s successful Stephen Chow is no longer a simple filmmaker. His diverse identities prevent him from returning to his youth known as "Xingzai". The power of capital makes it impossible for him to make certain decisions solely from the perspective of creation, but requires him to have greater capital ambitions and ambitions to enhance the confidence of investors.

　　Under these multiple demands, even though Zhou Xingchi was a genius, the process of his personal creativity blooming was also a process of being severely consumed. In addition to capital, age was another terrible reason for tormenting geniuses. Zhou Xingchi himself said, "Over the years, my movies have become less and less, and I just want to say to everyone, I’m sorry, I’m old."

　　As people get older, many things are taken lightly. Therefore, Zhou Xingchi now has more to endure and compromise when making a play. On the one hand, as he said: "It seems that after my age, every new play will be said to be exhausted." As an "old director", he also has to adapt to the current era and the current audience: "Not only movies, but the whole world is always changing, and we must always learn. The most important thing about movies is creativity. To bring freshness to the audience, movies are very important work for me. I think I can also give the audience something different, and I will try harder every time."

　　The childishness in the movie is a prominent label for Stephen Chow. In addition to the usual spoof and nonsense, the warm mermaid love serves the theme of environmental protection, making the film simple and easy to understand, and all ages eat it. The magic weapon in "Journey to the West" is "Three Hundred Children’s Songs", and in "The King of New Comedy", Wang Baoqiang, an outdated star, plays Snow White in a female costume.

　　Still struggling, Stephen Chow wants to convey "hard work and struggle" to people in "The King of New Comedy." He also deliberately chose Chen Baiqiang’s old song "Gale" as the theme song of the movie. When he was down, "Gale" once gave him great comfort. Zhou Xingchi said: "The lyrics of this song are very thought-provoking and need to be carefully felt, such as singing’The wind doesn’t care about the beginning and the end, it only knows how to rush ‘, or’If you have a dream in your heart, you can track it with all your strength, like the wild wind in the sky.’ You can imagine the picture of a small person running with all his strength. Isn’t it appropriate to play this song as background music at this time? At this time, the’strong wind ‘also gave the little person chasing the dream a kind of strength, just like the people who fight hard are the wild wind. "

　　In Zhou Xingchi’s opinion, everyone is Yin Tianchou, and they are all working hard for their dreams. "In fact, everyone can be the protagonist in their own life. Don’t be afraid of failure, hardship or all kinds of resistance, and work hard with full blood, just like the wind. Young people who are working hard, I hope you can all become the king of comedy in your own life."

　　The "king" in Zhou Xingchi’s mouth is by no means the king that the public understands, but a small person who lives seriously and pursues hard. "In them, you can see authenticity, confidence, seriousness and even seriousness, full of enthusiasm for the work you are doing, and will not give up no matter how difficult it is. Keep pursuing your dreams, and even some persistence. I am also working hard, so I hope to dedicate it to those of you who are working hard. After reading it, you can be more confident and work harder."

　　The classic city tower scene in "Journey to the West", the supreme treasure that seemed to be indifferent to nothing, instantly turned into the sunset warrior on the city tower, strode towards the woman he loved, hugged it with all his strength and said, "I will never leave in my life, I love you."

　　Perhaps, this is also the line that Stephen Chow wants to say to the movie he has loved all his life.

　　Text/Yang Xiao, Photo/Microscopic

On the evening of March 5, NIO released its full-year financial results for 2023, which were mixed.

I am happy that the revenue reached a new high. According to the data, in 2023, the total revenue of NIO increased by 12.9% year-on-year to 55.62 billion yuan. Among them, the sales of automobiles were 49.2573 billion yuan, an increase of 8.2% year-on-year. The increase in revenue was mainly due to the increase in sales of NIO in the past year. NIO delivered 160,000 new cars in 2023, an increase of 37% year-on-year. But this figure did not meet NIO’s original target of 250,000 vehicles.

Hefei Jianghuai NIO Factory

The worry is that losses have intensified. According to the financial report data, NIO’s net loss in 2023 was 20.72 billion yuan, an increase of 43.5% year-on-year; the adjusted net loss was 18.30 billion yuan, an increase of 51% year-on-year. During the reporting period, NIO’s gross profit margin and automobile gross profit margin both declined compared with the previous year. NIO’s gross profit margin fell from 10.4% last year to 5.5%, and automobile gross profit margin fell from 13.7% last year to 9.5%.

It is reported that in order to cope with market competition and expand sales scale, NIO will officially launch a sub-brand of 200,000-300,000 yuan mass market this year, code-named "Alps", the first model will be released in the second quarter of this year, and delivery will start in the fourth quarter.

NIO CEO Li Bin sees the new brand as an inflection point in NIO’s performance. He revealed that the first car of the sub-brand will compete directly with Tesla Model Y, and said that the cost will also be about 10% lower than Model Y. In addition, Li Bin said at the earnings conference that there will be more than 100,000 yuan of models listed next.

In terms of cash reserves, as of December 31, 2023, NIO held about 57.30 billion yuan in cash and cash equivalents. This was mainly due to two rounds of strategic investments totaling $3.30 billion by Abu Dhabi investment institution CYVN in the second half of last year.

However, NIO still has two huge bills to pay, a $29.77 billion payable and a $9.82 billion loan.

Previously, NIO has made it clear that the NIO brand will not release a new car in 2024, which means that before the first model of the sub-brand is officially delivered in the fourth quarter, the eight models currently on sale by NIO will still bear the responsibility of supporting NIO for a long time.

Looking ahead to this year’s Quarter 1, NIO expects its new car deliveries to be between 31,000 – 33,000 vehicles; revenue is expected to be between 10.499 billion – 11.087 billion yuan, and NIO brand gross margin will reach 15% -18% this year.

　　[Autohome Industry] On November 17, the 21st Guangzhou International Automobile Exhibition officially opened. With the theme of "New Technology and New Life", this year’s auto show continued to play the role of "the vane of the development of China’s auto market". In this auto show, Autohome "Innovation Talk" invited senior executives to discuss the future of the auto market and the future of the industry. Among them, Li Chuanhai, vice president of Geely Automobile Group and president of Academia Sinica, had in-depth exchanges with Autohome.

　　In this year’s auto show, "smart" and "electric" are the two major labels on Geely’s booth. The official appearance of (|) shows these two labels quite thoroughly. As the first pure electric flagship sedan of the Galaxy series, the Galaxy E8 has a lot of out-of-the-loop places, such as the wind resistance as low as 0.199, such as the 800v supercharging system, such as the Qualcomm Snapdragon 8295 chip, such as the 45-inch 8K ultra-clear screen, etc. For this car, Geely Automobile has given great expectations.

　　Looking at the first few months of this year, Geely’s performance in the field of new energy is quite impressive. From January to September, Geely’s new energy product sales reached 360,000 units, and in October this year, it exceeded 60,000 units in a single month. Li Chuanhai believes that the rise in performance is closely related to the launch of Galaxy series products. By 2024, Geely Automobile will enter the product year, and there will be relevant layouts in pure electric, intelligent electric hybrid and other technical routes, as well as high-end.

The following is a transcript of the conversation:

　　Autohome: Thank you very much for having the time to participate in the Autohome interview. I would like to ask what new products and new technologies Geely has brought to you at this Guangzhou Auto Show? Can you briefly introduce any highlights?

　　Li Chuanhai: The main products we bring to the Guangzhou Auto Show this time are based on some of our smart electric products, as well as some technologies of our vehicle to everything. The main new products are the Galaxy series, the Galaxy E8 that will be released today, and the L6 and L7 new energy products, mainly China Star, Boyue series, and some brand new products of the Emgrand series. At the same time, there is our geometric series of Panda mini, and Geometry E. The technology is mainly something to show, Galaxy Smart Space, including the latest generation of Thor Electric Hybrid and some exhibits of 8848.

"Galaxy E8"

　　Autohome: Geely Galaxy E8 officially debuted with you today. What are your expectations for this new pure electric flagship product? What do you think its core competitiveness is?

　　Li Chuanhai: The entire Galaxy series is a blockbuster series of Geely’s new energy transformation. The Galaxy E8 is the first pure electric flagship car of the Galaxy series, and its positioning is our new generation of pure electric flagship in China. Some of its main highlights, there are several major aspects, the first is that we are based on the SEA architecture, which is the first car of Geely brand built on this architecture, because it is a pure electric platform. This architecture is known to everyone. In fact, we spent nearly 5 years and invested nearly 20 billion to create this pure electric architecture. And it is an industry-shared platform. So far, there should be more than 10 brands. Now there should be a total of about 20 cars in development and mass production. It can be said that this architecture should be the most important technology for our Galaxy E8.

　　In addition, it also has several major features. We think it is the most beautiful pure electric flagship car. First of all, it is the first mass-produced car in the world. Our integrated luminous front face should be one of our lowest drag coefficients so far, reaching 0.199. This should be the best in the industry. We also think it is the best car to drive, the best to drive a pure electric flagship. Why do you say that? First of all, it is based on the empowerment of our SEA architecture. At the same time, we also have the only chassis adjustment laboratory in the whole industry. On this basis, we can make our products tested in extremely fast elk, and its top speed can reach 82 kilometers per hour. This speed should still be relatively leading in the industry. At the same time, we are also equipped with an 800-volt supercharging system and our high-performance silicon carbide electric drive. Our four-wheel drive product can accelerate up to 100 kilometers in 3.49 seconds, in terms of acceleration performance.

"Galaxy E8"

　　In addition, we also believe that this car is the safest, because it is still based on the SEA architecture, and it has a good foundation. Through the launch of some of our models on the market in previous years, it should be said that it is the only brand in the industry that has never overheated the battery. At the same time, we also have the SHIELD battery safety system. Based on some of its structural designs, it should be said that we are also the safest in the same class. The body structure design, we believe, is also the safest. At the same time, because it is the longest, widest, most luxurious, and smartest flagship sedan in the same class, on the one hand, it is the largest 45-inch 8K ultra-clear large screen in our class so far, and at the same time, it uses our entire top-class Qualcomm Snapdragon 8295 chip. At the same time, it is also in the industry. The functions applied in artificial intelligence should be the most complete, because we have self-developed Geely, so far the largest parameter level, to the empowerment of intelligent voice of tens of billions of parameter-level large models, and the empowerment of some artificial intelligence products. Its rear row should be said to be the most spacious space in the same class, which constitutes some of the core product competitiveness of our Galaxy E8.

　　Autohome: Galaxy E8 actually sounds like there are still many bright spots. This year, Geely’s momentum in the new energy market is still very strong. In October, the new energy penetration rate has exceeded 34%. I would like to ask what is Geely’s secret to setting new highs in new energy?

　　Li Chuanhai: This year, Geely’s entire new energy series has been making great progress. Our entire new energy product reached 360,000 units from January to September, especially in October this year. Our new energy achieved more than 60,000 units, mainly due to the launch of our entire Galaxy series of these products. I think the most important cheats, in short, are two aspects. On the one hand, it is our entire product layout, because combined with Geely’s many years of new energy products, some forward-looking technologies and product layouts. So far, our Galaxy from 50,000 to 250,000 series has some layouts in intelligent hybrid and intelligent pure electric series products. In addition, we have been empowered by the technology we have accumulated over the years, such as our SEA architecture and e-CMA architecture, including the new generation of Raytheon Hybrid, as well as the Galaxy NOS intelligent operating system of our smart cockpit, including intelligent driving. We have also launched the leading NOA self-driving system in the same level. Of course, it also includes our layout in the field of artificial intelligence, including our Geely "heaven and earth integration" ecological layout. I think these are the foundations for the accumulation of Geely’s new energy.　　　

"Galaxy E8"

　　Autohome: I would like to ask, from March to April this year, the trend of price cuts was still very fierce in the automotive industry. I would like to ask, what is the impact on the future layout of Geely products, including pricing, etc.?

　　Li Chuanhai: Because the development momentum of the new energy industry this year is also very strong, the entire industry has launched many products in terms of intelligent hybrid and intelligent pure electricity, but we always believe that the future competition in the industry mainly lies in the competition of value, not the competition of price. With the launch of Geely’s Galaxy series products, how can we fight brand wars, product wars, technology wars, service wars in the industry, and even the moral wars that our chairperson has been emphasizing with us? Through the launch of these high-value products, our brand value can continue to rise. Only by taking this path can the entire Chinese new energy brand have greater development space and opportunities.

　　Autohome: What is Geely’s future plan for the new products and technologies you mentioned just now?

　　Li Chuanhai: In terms of new products and new technologies, because Geely has invested nearly 100 billion yuan in R & D in the past 10 years, we always believe that the core technology is our brand strategy. We have formed a brand label for our new energy architecture in the aspects of intelligent pure electric architecture. At the same time, we also mentioned the new energy strategy earlier, as well as some foundations of Raytheon Electric Hybrid, and our 800-volt, silicon carbide high-performance electric drive. These aspects are also some of the core technical capabilities that we have to layout and develop for so many years in the new energy strategy. At the same time, Geely has also laid out a lot in the aspects of intelligent driving, which is cost-effective. We are positioned as a popularizer of high-level intelligent driving below the 200,000 concept, and we also have intelligent parking. In the past, we also have layouts in some high-level intelligent driving auxiliary features. Next year, these products will be launched one after another. At the same time, in the smart cockpit, it should be said that there are also a large number of ecological layouts. In artificial intelligence technology, the future will surprise the industry or our users. This may be our next secret weapon.

　　Autohome: In the field of intelligent driving, its input-output ratio will be relatively low from the market perspective. Will our investment in this area be doubted? Its input-output ratio is too low, and we feel that the effect is not good. We may be more cautious in this regard.

　　Li Chuanhai: This is the only way for the development of this industry, and it is also a law of it. Any new technology in the early stage, you just see the benefits and then make investment decisions, there may be problems. In fact, everyone agrees that in intelligent driving, this is the future direction. No matter what the input-output ratio of the entire industry in intelligent driving is today, Geely always believes that the future path is very clear, so in terms of investment in R & D resources, we are committed to this path at all costs.

　　Autohome: Now China’s high-end new energy products are becoming more and more abundant, and prices continue to rise. What plans does Geely have in this regard?

　　Li Chuanhai: Our Galaxy E8, our entire Galaxy series, the so-called pioneering work of Geely New Energy’s entire transformation, its positioning itself is the positioning of high-value new energy products. Galaxy E8 is our pure electric flagship car as Geely Galaxy. It is positioned as a new generation of pure electric flagship cars in China. We also have high hopes for this product. In the future, we will continue one after another, especially in 2024, which should also be our product year. In the future, there will be many pure electric, intelligent electric hybrid, and even some other products. In our brand upward and high-end, we have some product layouts.

　　Autohome: Last question, in the first three quarters of 2023, Chinese brands accounted for about 83% of the entire new energy market. Do you think Chinese brands will continue to have such a high market share in the later stage?

　　Li Chuanhai: This is an inevitable result of Chinese brands, and I feel that today is far from reaching its peak. Because the entire Chinese brand is working hard in the field of new energy, electrification, and intelligence, I think everyone has also launched many new technologies and new products. I believe that in the future, the entire Chinese brand will become the most powerful position in our Chinese auto market. I believe that in the future, including the Chinese market and even the international market, Chinese brands will achieve very good results.

1905 movie network news　On July 21, the fifth Jackie Chan International Action Film Week kicked off in Datong. Led by Tsui Hark, a seven-member jury composed of the Russian director Sergei Podlov, the New Zealand director Martin Campbell, the Canadian director Paul Haggis, the Japanese action filmmaker Baoaki Kurata, the Thai director Prakia Pingkeyao and the Chinese actor Xu Fan made an official appearance. It will determine the best picture and seven "Iron Man" honors.

Zhu Yilong, as the youth promotion ambassador of this film week, took the stage to pay tribute to action filmmakers and convey the awe of his profession. Jackie Chan and Wu Lei, the youth ambassador of the ancient Great Wall Protection Program, appeared together to call on filmmakers and all sectors of society to pay attention to the protection of the Great Wall.

　

Tsui Hark leads the international jury to select "Iron Man" Zhu Yilong to pay tribute to action filmmaker Jackie Chan as an idol

　

This year’s Jackie Chan International Action Film Week features 10 films from China, the United States, Brazil, Pakistan, Indonesia, Russia, India and other countries competing for Best Picture and seven "Iron Man" honors in different categories.

　

The jury, which decides the honors, is also more international. It is made up of directors and actors from China, Russia, Canada, Japan and other countries. The famous director, producer, and director of the series, Tsui Hark, is the chairperson of the jury.

　

Russian director Sergei Podlov; New Zealand director Martin Campbell, who once directed; producer, screenwriter, Canadian screenwriter and director Paul Haggis; Japanese action actor Kurata Baoaki, who has participated in a large number of Hong Kong action films; Thai director Prakia Pingkeyao, who has directed other action films, and Chinese actor Xu Fan, winner of the 14th China Film Huabiao Award for Outstanding Actress, made an official appearance at the opening ceremony as a judge and Chairman Xu Ke.

　

"These six filmmakers are experienced in film and have different aesthetic experiences in different cultures," Tsui Hark said at the opening ceremony. He saw his participation in Jackie Chan Film Week as a unique experience and learning opportunity, and hoped to share rare professional and aesthetic exchanges with other judges. Tsui Hark also expressed the hope that the selection of various honors this year can be more exciting and fair.

　

Actor Zhu Yilong, who appeared at the opening ceremony as a youth promotion ambassador for this year’s film week, regarded Jackie Chan as an idol on his career path, and revealed on stage that Jackie Chan’s mobile phone kept a video of Jackie Chan receiving the Oscar for Lifetime Achievement.

　

"When I saw my eldest brother standing on the stage with a golden golden statuette in his hand, saying his acceptance speech, I was very moved, excited and proud." Zhu Yilong said that Jackie Chan set an example for young actors: "Jackie Chan has become a spirit in my heart. I will use my full strength and focus to interpret the word actor."

　

Zhu Yilong recalled seeing the hard work of action filmmakers more than once in filming, with people falling, injured and even being taken to the hospital. "Thank you for your efforts," he said onstage. "I feel like you are protecting the well-being of the actors. You are the real unsung heroes of this industry."

　

Jackie Chan sings "Starlight" to support poverty reduction, Wu Lei brings 100 volunteers to call for the protection of the Great Wall

　

At the opening ceremony, singers such as Black ACE, Lin Zhixuan, Dimaxi, Jike Junyi, Li Yugang, Li Xinyi, Gao Jin, Wei Yunxi, Lin Junjie, Phoenix Legend and other singers brought wonderful performances to support the 5th Jackie Chan International Action Film Week.

　

Accompanied by the singing of children’s voices, Jackie Chan also played a song "Starlight" at the opening ceremony. This song is the theme song of the movie channel "Poverty reduction battle – Starlight Action". In the past year, more than 100 Starlight team members have gone to poverty-stricken areas all over the country under the call of the promoter Jackie Chan, and used their influence and appeal to do their part for poverty reduction.

　

After a year, Jackie Chan returned to Datong, the starting point of the "Starlight Action", and launched the ancient Great Wall protection plan. Jackie Chan once again spoke out for the "Starlight Action", which aims to call on filmmakers and the whole society to join the protection of the Great Wall. The launch of the plan also helps to further carry out poverty reduction, penetrating into the front line, so that the cultural heritage of the Great Wall can truly benefit the poor, which is of great significance to the development of areas along the Great Wall and poverty reduction.

　

Wu Lei, who took to the stage as a youth ambassador with 100 volunteers to respond to the Great Wall protection plan, said: "By protecting the ancient Great Wall, it is also an honor to be able to continue to contribute a small amount to the fight against poverty. I hope we can call on more young people to join us."

　

Jackie Chan took over the banner of protecting the Great Wall from Yuan Jianqin, one of the ten most beautiful Great Wall guards in Shanxi Province, and passed it on in turn.In the end, Wu Lei waved the flag in the center of Taiwan and led the audience to recite the oath of "Let’s protect the ancient Great Wall together, and the Great Wall will never fall."

　

With the opening of the 5th Jackie Chan International Action Film Week, a series of activities and screenings will also be carried out in sequence. The best film and 7 "Iron Man" honors selected by the jury led by Tsui Hark will be officially announced at the closing ceremony on July 27. Thank you to FAW-Volkswagen, the official designated car of the 5th Jackie Chan International Action Film Week, for your strong support of this event!

　　Huawei officially announced on August 29 that the cumulative shipment of its Mate series of mobile phones has reached 100 million units, which is amazing. And at 12:08 noon on the same day, Huawei launched the "HUAWEI Mate"
60 Pro Pioneer Program ", allowing a few lucky consumers to experience the most powerful Mate mobile phone in history in advance. In the Huawei mall, the Huawei Mate 60 has been put on sale
Pro is priced at 6999 yuan, and provides four color schemes of Yachuan Green, Baisha Silver, Nanwaxy Purple and Yadan Black for users to choose from.

　　With Huawei Mate 60
At the same time as the launch of the Pro, Meizu also issued a blog post warmly welcoming the return of the Mate series. Meizu also wrote very carefully on the poster that "the light boat has passed 10,000 mountains", and the picture shows Meizu’s top flagship Meizu 20
INFINITY Unbounded Edition can be said to have far-reaching implications. This year’s Meizu 20 series is also the return of Meizu, which means "heroes cherish heroes".

　　HDC 2023 was held earlier this month.
At the Huawei Developers Conference, Yu Chengdong said at the beginning of his speech: "The light boat has passed 10,000 mountains, and Huawei mobile phones are on the road to return." It left unlimited imagination for the majority of netizens. Meizu congratulates the poster for using the "light boat has passed 10,000 mountains" color scheme, which can be said to be very in line with the current situation.

　　However, Meizu’s Meizu 20 this time
INFINITY Unbounded Edition is also very eye-catching. This model stands out for its leading industrial design and product manufacturing process, and is positioned as Meizu’s flagship for future exploration, bearing Meizu’s pursuit of "unbounded" aesthetics. In terms of materials, Meizu 20
INFINITY Unbounded Edition is innovatively made of double-sided Meizu Titan glass, which makes the front and back sides of the mobile phone form a perfect integration, fully interpreting the design language and concept of Meizu Infinite Design.

　　In terms of configuration, the Meizu 20
INFINITY Unbounded Edition still maintains the top level in the industry. Snapdragon 8Gen2 processor core three-piece set, in terms of screen quality, is equipped with a 6.79-inch super-sensitive 2K + unbounded color screen, BOE’s Q9 material, and this screen achieves true four-sided equal width, and supports SGS low Blu-ray eye protection certification and 1920Hz high-frequency PWM dimming and the highest refresh rate of 120Hz, and has Flyme.
The blessing of the 10 system can bring a more smooth and delicate user experience.

　　HUAWEI Mate
The 60 series has been officially unveiled, and the 20 series of Meizu is also obvious to all. Huawei and Meizu will work hard for the development of smartphones in China. The two brands will continue to bring more advanced products and unparalleled user experience to consumers. In the future, we look forward to Huawei and Meizu jointly exploring the boundaries of technology and bringing more surprises and innovations to the market.

　　At present, the delivery fee of most takeaway platforms is 2 to 4 yuan, but sometimes the delivery fee will be 7 or 8 yuan. What is going on? Who made the money? Let’s take a look at the detailed withdrawal rules with the editor.

　　Delivery fee rules:

　　Friends who have used Meituan may know that delivery is divided into special delivery, crowdsourcing, and merchant self-delivery. Occasionally, there will be merchant self-delivery. What is the difference between these? What is the difference in charges?

　　First of all, we need to understand that the delivery fee paid by the customer is set by Meituan and charged by Meituan, and has no relationship with the merchant.

　　Secondly, different delivery methods offer different services and prices. Here are the specific analysis results:

　　1. Meituan special delivery, as the name implies, is provided by Meituan. The order is grabbed by Meituan riders, which is exclusive to internal personnel. Generally, the system dispatches orders. Meituan special delivery is the monthly salary, and the commission is also fixed. The team is regularized, the delivery speed and service are guaranteed, so the corresponding cost is the highest. The charging model is equivalent to the merchant’s commission + customer delivery fee, and the commission is relatively the highest.

　　2. Meituan crowdsourcing is a part-time delivery service. The delivery staff generally not only accepts Meituan’s orders, but also belongs to personal registration behavior. They grab orders by themselves through the Meituan crowdsourcing APP, so the delivery staff is also sufficient. For higher income, the delivery staff grabs orders in a timely manner, and the corresponding delivery speed is also possible.

　　The merchants are divided into two types: express delivery merchants and crowdsourcing merchants.

　　Meituan extracts 18% of the orders of the express delivery merchants, and the minimum order is 2.5 yuan. In addition, Meituan will provide dynamic platform subsidies and various subsidies for the express delivery merchants (no one takes the order in 10 minutes plus 1 yuan and the maximum is 2 yuan. Chengdu area is like this)

　　Meituan takes 5% of the orders of crowdsourced merchants. Only the midnight snack subsidy is 1 yuan. (The midnight snack subsidy starts after 22:00)

　　International Online auto channel News: At the just-opened Shanghai Auto Show, a brand-new model under the Geely brand — Xingyue L also appeared in the booth. Xingyue L was built based on Geely CMA super matrix and was equipped with Volvo Drive-E series 2.0TD in-cylinder direct injection turbocharged engine. Xingyue L is the latest masterpiece of the design concept in the era of Geely 4.0, and it is also a heavyweight model for Geely to enter a comprehensive architecture.

　　In terms of appearance, Geely Xingyue L adopts the latest 4.0 design language, and the simple and bright lines give Xingyue L an international style. The front face of Xingyue L is designed with a heavy design, and the air intake grille with a sense of strength matches the rib line of the engine hatch, which highlights the sense of strength of Xingyue L. The angular headlights incorporate two three-stage daytime running lights. C-shaped chrome-plated elements are added to both sides of the front bumper for embellishment, and the chrome-plated decorative strips running horizontally also add a heavy feeling to the front of the car.

Geely xingyue l

Geely xingyue l qianmian

　　The side of the car body also continues the simple and atmospheric design style of the front of the car, and the black wheel eyebrows also add a hard-core atmosphere to Xingyue L. Although Geely officially positioned the Star Yue L as a compact SUV model, the "L" in the name is not added. The official explanations are Larger, Luxury and Liberate. In terms of body size, the length, width and height of the Xingyue L are 4770/1895/1689mm and the wheelbase is 2845mm, which completely reaches the level of mainstream mid-level SUV. The multi-spoke wheel hub has both a sense of movement and strength, and the size of the front and rear tires is 245/45 R20.

Geely xingyue l

Geely xingyue l

　　The shape of the rear of the car is simple and layered. There are 8 LED light sources on both sides of the penetrating taillights, which form a lattice layout after lighting. The concave license plate frame design below reveals the luxury of the atmosphere. Although the Xingyue L adopts the hidden exhaust with double sides and double outlets, chrome trim strips are still used on both sides of the rear bumper to outline the shape of the tail row.

Geely xingyue l interior

Geely xingyue l interior

　　In terms of interior, the full European style of Xingyue L adopts the concept of Geely’s "Instrument Panel Layout 4.0 Design" and the matching mode of upper dark color and lower light color. Among them, the interior of the "Cuiyu Blue" color matching model adopts the color matching of black and Cuiyu Blue, and the color painting of matte gold is added in the middle, which highlights the calm and elegant beauty. The two-color leather steering wheel also enhances the interior texture of the Star Yue L, which can give drivers the feeling of European luxury models both visually and tactilely.

Geely xingyue l engine

Geely xingyue l shift mechanism

　　In terms of power, Xingyue L is built on the basis of Geely CMA super matrix. It is equipped with Volvo Drive-E series VEP4 inline four-cylinder all-aluminum turbocharged mid-range direct injection gasoline engine, which is divided into two versions: high and low power. The low power version has a maximum power of 160kW and a peak torque of 325N·m, while the high power version has a maximum power of 175kW and a peak torque of 350 N m.. In terms of transmission, the 7-speed wet DCT gearbox and the 8AT gearbox from Aisin are matched by different powers. (Author: Wu Keming)

　

　

　

　　After the first phase of the announcement of the online car-hailing service rate ("commission"), Didi’s "Questions and Answers" launched the second phase of the content today, focusing on the price issues that drivers and passengers are generally concerned about. Guo Fei, technical director of Didi’s online car-hailing supply and demand strategy department, answered the factors that determine the price change of online car-hailing and solicited comments and suggestions from the public.

　　Guo Fei pointed out that, like the "fruit freedom" that has caused heated discussions in the media and netizens some time ago, the decrease in supply and extreme weather have led to the increase in the price of vegetables and fruits, and netizens have said that they cannot afford to eat fruits. The price of online car-hailing is affected by factors such as supply and demand, local consumption level, income level and energy price. Among them, supply and demand are the most important and complex factors. Passenger demand is stronger in morning and evening peaks, extreme weather, hot summer and cold, and driver willingness, compliance policies, safety and security will affect the supply of drivers. Any change in demand or supply will upset the original balance.

　　Guo Fei said that the relationship between supply and demand fundamentally determines the fluctuation of prices. Only when the demand for travel is growing rapidly, and the city continues to be in short supply and capacity shortage, the price needs to be raised. But when the supply and demand are balanced, random price increases will definitely reduce the demand for passengers to take a taxi, directly affecting the income of drivers and platforms, which also determines that Didi will not raise prices at will. Didi will continue to work hard to continuously explore the characteristics of temporal and spatial changes related to supply and demand and analyze the influencing factors, summarize the laws of supply and demand changes in the travel field; respect the market, so as to better serve users.

　　Since September last year, Didi has continued to strengthen dialogue and communication with the public, and has successively launched communication columns such as "Public Council", "Answers to Questions", and "Safe Release". Didi will continue to be open and transparent, and actively work with all sectors of society to build a safe and healthy travel ecosystem.

　　The following are the original questions and answers of Didi’s second "Ask and Answer":

　　What factors determine the price of a car on Didi?

　　(Guo Fei, Technical Director of Online Car-hailing Supply and Demand Strategy Department)

　　Passenger:

　　Taxi prices often change, so why should Didi adjust it?

　　Peak price increases, is Didi taking advantage of the fire?

　　Driver:

　　Oil prices are rising, and the air conditioner is turned on in summer. Should the fare be increased?

　　What should I do if I change the car and insurance after compliance, the cost is high and the income is less?

　　After answering the questions related to "platform service rates (commonly known as commissions) " in the last issue of "Questions and Answers", we received feedback and questions from many driver masters and passenger friends, including many of the above questions about online ride-hailing prices.

　　In fact, just like the "fruit freedom" that caused heated discussions in the media and netizens some time ago, the decrease in supply and extreme weather have led to the increase in the price of vegetables and fruits, and netizens have said that they cannot afford to eat fruits. The fluctuation of online car-hailing prices is also similar, which is affected by factors such as supply and demand conditions, local consumption levels, income levels and energy prices. Among them, the supply and demand situation is the most important and complex factor. Any change in demand or supply will upset the original balance.

　　Demand: Morning and evening peaks, extreme weather, heat and cold are more vigorous

　　There are travel tides in the city, not only is it difficult to take a taxi in the morning and evening peaks, but also in bad weather, extreme heat and cold and peak tourist seasons, using Didi to call a car will also encounter "queues", because there are more people taking a taxi at this time, and everyone hopes to travel conveniently and comfortably.

　　During the peak of the working day, or when the spring flowers are blooming and the autumn is cool, the number of people traveling by bus, subway, and bicycle will increase, and the number of people taking taxis will be relatively small. At this time, it is easier for passengers to order a car, but the driver’s perception is "less orders."

　　Supply: Affected by driver willingness, compliance policy, safety assurance, etc

　　During holidays such as the Spring Festival and National Day, drivers prefer to accompany their families or travel, rather than go out to take orders. However, in rainy days, severe road flooding or other extreme weather, for their own safety reasons and to avoid vehicle damage, the number of drivers leaving the car will also be greatly reduced.

　　Although the number of passengers taking taxis increases in summer, turning on the air conditioner will also significantly increase fuel consumption and increase additional costs. Therefore, drivers often decide whether to take orders based on their income, weather, traffic jams, etc., which also leads to constant changes in supply.

　　In addition, the implementation rules for the management of online car-hailing business services in various places have different regulations on the access of drivers and vehicles, and relatively few drivers meet this condition. Drivers change vehicles according to restrictions such as vehicle wheelbase, displacement, and vehicle price, and pay operating insurance, which also greatly increases costs, and even some drivers change careers as a result.

　　Another thing to note is that since last September, we have continued to upgrade our security, and we have intensively launched security measures such as late-night service driver standards, APP facial recognition, and in-car video recording equipment, which have also affected the supply to a certain extent.

　　Price adjustments help to ease the imbalance between supply and demand

　　When a city’s response rate continues to decline at certain times or throughout the day for a certain period of time, and the supply and demand are obviously out of balance, passengers will feel that it is difficult to get a taxi, and 3 out of every 10 taxis may not be called, as happened in Shenyang recently. When prices are appropriately raised, price-sensitive demand will be reduced, and at the same time, more drivers will be attracted and encouraged to get out of the car and go to hot spots to take orders. Supply and demand can be balanced. At present, most cities are in a state of more passengers and less drivers.

　　On the contrary, if a city has a long-term oversupply during certain periods or throughout the day, and drivers receive fewer orders for a long time, they will not be able to obtain a reasonable income. At this time, the price of online car-hailing is appropriately reduced, which not only allows passengers to get a ride at a cheaper price, but also guarantees the driver’s income. For example, in the first half of this year, the express train in Jiyuan, Henan Province, and the special car in Hefei, Anhui Province, and the special car in Urumqi, Xinjiang Province, have been oversupplied for a long time in some periods, so the starting price, mileage fee and duration fee for the corresponding period have been reduced.

　　The relationship between supply and demand fundamentally determines the fluctuation of prices. Prices need to be raised only when the demand for travel is growing rapidly, and the city continues to be in short supply and capacity shortage. But when supply and demand are in balance, random price increases will definitely reduce the demand for passengers to take a taxi, directly affecting the income of drivers and platforms, which also determines that Didi will not raise prices at will. Due to the continuous development of the economic level and urbanization process, the demand for travel and the labor and living costs of drivers in most cities continue to grow, so everyone will feel that prices have risen more and fallen less.

　　The supply and demand situation is complex and changeable, and we are still working hard to continuously explore the characteristics of spatiotemporal changes related to supply and demand and analyze the influencing factors, summarize the laws of supply and demand changes in the travel sector, and respect the market in order to better serve users.

[Click to watch the exclusive video]

Andy Lau is not a "godfather" in Beijing’s "Ring" and is not afraid of "debt"

　　　　　　　 Movie Network News(Photo/Qian Jia’s memoir/Xie Yawei) "I don’t like the title of’godfather ‘, and I feel that one day I will go to jail." On May 11, "The Ring" held a media meeting in Beijing. As an investor, Andy Lau appeared with Guo Zijian and Zheng Sijie, two new directors, and Lin Jiadong, the producer. Because of his dedication to the excavation and promotion of new directors in recent years, Andy Lau has been praised by the media as the "godfather" of the new director, but Andy is very resistant to this title, bluntly saying that he feels like a gangster. When talking about the new work he invested in, Andy Lau admitted that it is like his own child. As a parent, he must lead it out to meet people, otherwise it is likely that no one will pay attention. The film will be released simultaneously in mainland China and Hong Kong on June 4.

Andy Lau is unwilling to be a new director "The Godfather" to invest in new films "Not bad money"

　　　　　　　 "Crazy Stone" attracted much attention at the beginning of its release because Andy Lau was an investor, and then its own quality made the film "out of control" with Ning Hao and Huang Bohong. Andy Lau has paid great attention to and promoted new directors in recent years. As long as he likes the script, he will invest boldly, so that many newcomers can get a platform to show their talents. Therefore, he has been praised by the media as the "godfather" of new directors. Hearing this title, Andy Lau seemed a little disgusted, "I don’t like the title of’godfather ‘, I feel like I will go to jail one day, too much like a gangster." He said that he can only be regarded as a stalwart, but his strength is limited, and he is very happy that many big companies are now paying attention to new directors.

　　　　　　　 In the past, Andy Lau and Lin Jiadong acted in many movies as partners. In "The Ring", the relationship between the two people changed, one was the boss and the other was the producer, so "asking for money" became something Lin Jiadong had to do, "He is a good boss, I will ask him for money, and he was very happy when he signed the check." Andy Lau, the boss, did it very easily. He showed up once when the film was on, and never went to the set after that. "The total investment of the film 8 million, and their budget is very well controlled. After watching the first edited film, I gave them a little money to make them do better." It seems that Andy Lau, the boss, is indeed "not bad money".
　

　　On the evening of November 13, Alibaba submitted a listing prospectus to the Hong Kong Stock Exchange. The prospectus shows that the funds raised by Alibaba’s IPO will be mainly used to drive user growth and increase participation, help enterprises achieve digital transformation, improve operational efficiency, and continue to innovate. It mentions specific businesses such as Ele.me, Flying Pig, Youku, and cloud computing technology.

　　Industry experts point out that Alibaba’s return to the Hong Kong stock market not only allows it to develop its business through new fundraising, but also helps to enhance its influence in the Greater China region and promote the development of its business.

　　Alibaba data map, photo by Zhongxin Jingwei

　　Proceeds raised will be used in three ways, mentioning companies such as Ele.me and Youku

　　Regarding the use of the proceeds raised, Alibaba said that the company plans to use the funds from the global sale to promote the execution of the strategy in three areas: driving user growth and increasing engagement, helping enterprises achieve digital transformation, improving operational efficiency, and continuous innovation.

　　Among them, Alibaba specifically mentioned that the company will continue to expand and enhance life services through Ele.me and Flying Pig, and will continue to build digital media and entertainment services through Youku and other content platforms. In addition, cloud computing technology is also a key word that Alibaba has mentioned many times in its fundraising purposes.

　　However, the specific issuance plan has not been disclosed in the prospectus this time. According to previous media reports, Alibaba Group plans to issue 500 million new ordinary shares through the global sale and list them on the main board of the Hong Kong Stock Exchange. The issuance includes 500 million ordinary shares and an overallotment share that can issue up to 75 million additional ordinary shares. It is expected to be priced as early as November 20, Hong Kong time. The company’s fundraising amount may be between 100-15 billion US dollars, and the price range is calculated at a 4% discount to the US stock price, around 180 US dollars per share.

　　Ma Yun holds 6.1% of the shares, and the company implements a different rights structure for the same shares

　　In addition, the prospectus also disclosed Alibaba’s shareholding structure, with SoftBank holding 25.8%, Ma Yun holding 6.1%, Cai Chongxin holding 2.0%, other directors and senior management holding 0.9%, and other public shareholders holding 65.2%.

　　In addition, Alibaba also talked about the company’s partnership system in the prospectus. According to the prospectus, in July 2010, Alibaba officially established the Alibaba Partnership, which currently has 38 members.

　　According to the disclosure, the members of the organization only have a single class of shares, and each share corresponds to one voting right, but according to the Articles of Association, Alibaba Partners has the exclusive right to nominate (or in limited cases, great men) a simple majority of the board members. These rights are classified under different voting rights structures under the Hong Kong Listing Rules, so Alibaba is considered a company with different share rights structures.

　　In the second quarter, more than 60% of Alibaba’s revenue came from Tmall and Taobao.

　　On the evening of November 13, the prospectus disclosed by Alibaba in Hong Kong stocks shows that in the fiscal year 2019 (April 1, 2018 – March 31, 2019), the company achieved a total revenue of 376.844 billion yuan and a net profit of 80.234 billion yuan. In addition, from April 1, 2019 to June 30, 2019, Alibaba achieved a total operating income of 114.924 billion yuan and a net profit of 19.122 billion yuan.

　　In addition to disclosing financial data, Alibaba also showed its commercial version in the prospectus. At present, Alibaba’s main business includes core business, cloud computing, digital media and entertainment, and innovation business. Among them, core business is Alibaba’s main source of income. A total of 323.40 billion yuan in fiscal year 2019, accounting for 85.82% of total revenue.

　　In the core business, China’s retail business, dominated by Taobao and Tmall, generates the highest revenue. According to the financial report, during the three months from April 1, 2019 to June 30, 2019, approximately 66% of Alibaba’s revenue came from China’s retail business.

　　According to the prospectus, the core business can be divided into six specific business directions, namely China retail business (mainly Taobao and Tmall), cross-border and global retail business (Tmall overseas, Koala, AliExpress and South East Asia, Turkey, Pakistan and other countries and regions of the e-commerce platform), China wholesale business (1688.com and retail), cross-border and global wholesale business (alibaba.com), logistics service business (Cainiao network), life service business (Ele.me, word of mouth, flying pig).

　　In addition to its core business, Alibaba’s business also includes cloud computing (Alibaba Cloud), digital media and entertainment (Youku, UC Browser, Alibaba Pictures), and innovation (Autonavi, DingTalk, Tmall Genie).

　　Ali’s commercial version, the picture is taken from Alibaba’s prospectus

　　It is worth noting that in the prospectus, Alibaba also stated that the company has held a total of 33% shares in Ant Financial since September 2019. In addition, since June 30, 2019, Alibaba has made or plans to make equity investments in a total of 24 companies, with a total amount of 38.529 billion yuan.

　　Expert: Alibaba’s return to Hong Kong for listing will enhance the company’s influence

　　Yang Delong, managing director and chief economist of Qianhai Open Source Fund, pointed out to China New York Matrix that Alibaba’s return to the Hong Kong stock market has three major benefits, one is to make up for the regret of not being able to list on the Hong Kong Stock Exchange in the past, and the other is to achieve new financing. Finally, because Alibaba’s main revenue and profits come from China, listing on the Hong Kong Stock Exchange is conducive to further expanding Ali’s influence in Greater China and promoting its business growth.

　　In addition, for the possible impact of Alibaba’s listing on the market, Yang Delong believes that according to the current news, Alibaba’s listing on the Hong Kong Stock Exchange will raise 100-15 billion US dollars, which will become the largest fundraising in the history of the Hong Kong Stock Exchange. Therefore, in the short term, it may indeed bring pressure on the Hong Kong stock market to divert funds.

　　"But we can’t just see the role of capital diversion brought by Alibaba’s Hong Kong stock listing. As a representative of the new economy, Alibaba provides new investment targets for Hong Kong stock investors, which helps to attract some investors to invest, thus stimulating the active level of the Hong Kong stock market. In addition, with Alibaba’s return to Hong Kong stocks, it will sooner or later be included in the targets of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, which also provides a new opportunity for mainland investors, and may also bring new incremental funds to the Hong Kong stock market." Yang Delong said. (China-Singapore Jingwei APP)

　　(The views in this article are for reference only and do not constitute investment advice. Investment is risky, and caution is required when entering the market.)