[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.

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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.)

1905 movie network news A few days ago, the movie released the ultimate trailer, starring Hu Ge, Gui Lunmei, Liao Fan, Wan Qian and Qidao all appeared, a life-threatening chase came, the fast-paced narrative was dizzying, and the plot conflict was imminent.

Following the film’s debut at the 14th Wuhan Chinese Youth Film Week, director Diao Yinan and starring actors Hu Ge and Gui Lunmei continued to travel to Suzhou for a roadshow to meet local fans. The film will be released nationwide on December 6.

Hu Ge Guilun Magnesium sets up a fate gamble, and multiple forces stage a cat-and-mouse game

Directed by Diao Yinan, starring Hu Ge and Gui Lunmei, and starring Liao Fan and Wan Qian, the movie "The Wild Goose Lake" starring Qi Dao has released its ultimate trailer. The fast-paced narrative brings a lot of information, and the editing style is equally refreshing.

In the news broadcast, a desperate pursuit came with a dangerous atmosphere, and in this life-and-death game of 300,000, multiple forces were involved one after another, attracting and restricting each other: the wanted car theft gang leader Zhou Zenong did not leave, but decided to use his life to fulfill his responsibility and affection for the family;

Liu Aiai, the unknown escort, plans with him regardless of the risk; the upright captain of the serious case, but is torn by human nature at the end of the story; and Zhou Zenong’s wife Yang Shujun, whom he has not seen for many years, is forced into a dilemma; can his former friends stand the test of interests? With fate as a bargaining chip, which side will the balance of love tilt? Just wait for the film to be released to clear the fog.

The movie "The Wild Goose Lake" is the latest masterpiece of director Diao Yinan’s comprehensive upgrade. It not only sets a highly realistic local context for the story core and emotional resonance, but also has a more extreme experience in light and shadow aesthetics and crime types. The high-end lineup of crime films with "two emperors and one queen" provides the strongest guarantee for the final presentation of the film.

During the just-concluded 28th China Golden Rooster Hundred Flowers Film Festival, the film "The Wild Goose Lake" was screened in Beijing and Xiamen, which won praise from domestic star friends and audiences. The final preview of this exposure shows the first perspective of the fugitive Zhou Zenong with a visual lens, and also indicates the director Diao Yinan’s determination to break through the narrative angle of his previous work and seek a more thorough personal expression.

Suzhou Roadshow Relay Opens, Hu Ge Guilun Magnesium Tacit Mutual Evaluation

Since the special screening of the North and South Twin Cities officially launched the roadshow mode, the creators of "The Wild Goose Lake" have been parachuted to various places to meet and communicate with the audience enthusiastically. They also appeared in Wuhan on November 25 as the opening film of the 14th Chinese Youth Film Week. The creators returned to the filming location and interacted with the audience in familiar dialects.

On November 26th, the leading actors Hu Ge and Gui Lunmei went to Suzhou non-stop to promote the film and attracted a large number of fans to support it. Coming to such a city with a similar Chinese temperament, facing the enthusiastic local audience, the two creators expressed their cordiality one after another, and even challenged themselves to introduce themselves in Suzhou dialect, which caused a lot of applause from the scene.

Hu Ge and Gui Lunmei, who are partners in the film this time, still show a full tacit understanding, not only evaluating each other like a deer at the same time, but also restoring the habitual action of high-fiving and encouraging during shooting, which is very harmonious and loving. When talking about the experience of working with the director, Hu Ge expressed gratitude: "The director gave me a lot of patience and guidance, but he would not shout easily during shooting, because he wanted to dig deeper into the performance. Zhou Zenong is sometimes very close to the director, elegant on the surface, but with inner strength."

Gui Lunmei also shared her delicate observation of Diao Yinan’s director, saying: "The film has the same romantic temperament as the director, not only has a strong personal expression, but also has a warm and kind part."

The movie "The Wild Goose Lake" will be released on December 6.

　　The school season of major colleges and universities across the country is approaching, and Ele.me has released the "2019 College Student Takeaway Rider Group Insights" report (hereinafter referred to as the "Report"). It is understood that a total of 9,896 college students from all over the country joined Ele.me Hummingbird in the summer of 2019 to become part-time riders. Nearly 5 of them became sophomores and juniors, and more than 300 will start their graduate careers after the school starts.

　　The report shows that compared with "earning living expenses", "experiencing life" has become the main motivation for college students to choose to be takeaway riders. Nearly 40% of post-95s and 00s feel that their personality has changed after the experience, and they have learned to "communicate modestly" and "treat people gently". At the same time, nearly 20% of college students choose to go to a strange city and travel while delivering takeout.

　　The Ele.me report shows that 38% of college student riders said that choosing to work part-time as a takeaway rider in the summer is to experience life, and it is also a social practice. Many young people also expressed the hope to change their personality, contact more people, and discover unknown corners of the city by doing takeaway riders. Second, it is to subsidize living expenses, save money to buy things they like, or gain financial independence earlier.

　　According to the Ele.me report, 83% of college student riders said they were satisfied with "the income brought to me by being a rider." Among them, the monthly living expenses of more than 80% of part-time college students have increased to more than 2,000 yuan, the average monthly income has increased by 2 times, and many college student riders have a monthly income of nearly 10,000 yuan.

　　Outside of income, the biggest change most college students feel is their personality. Lin, a junior at Nanjing Agricultural University, recalls that the biggest change this experience brought to him was: "Know how to talk to others, know how to be gentle with others." These adults, who are rebellious in the eyes of 95s and 00s, learned how to communicate modestly and treat others gently by being a rider.

　　The short-term experience as a rider has changed the college students’ perspective on the takeaway industry. They have truly felt the value and change that the emerging industry has brought to merchants, users, and individual riders. Three quarters of them are very optimistic about the future of the takeaway industry.

　　The Ele.me report shows that more than half of college riders are still looking forward to choosing a career according to their major, but 10% plan to still work as a rider or food delivery service in the future. At the same time, they are also very much looking forward to inner improvement and growth through practical experience and their own strengths.