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Chen Zheyuan and Zhao Lusi starred in the little sweet drama "Can’t Hide Secretly", which gained a high popularity. The reason why this drama is so popular is that the emotional drama is very sweet, and the casting of the drama is also very suitable. From the protagonist to the supporting role, the actor and role of "Can’t Hide Secretly" are very well adapted.

In "Can’t Hide Secretly", Sang Zhi’s family atmosphere is very good, her parents love her, her brother dotes on her, and the family of Sang are in the same box, so the audience will feel very warm, and the family drama is also a major attraction of this drama. Sang Zhi’s father is played by actor Qiu Xinzhi in "Can’t Hide Secretly". Although there are not many scenes, Qiu Xinzhi’s performance in the play has left a deep impression on the audience.

"Can’t Hide Secretly" Sang Fu is a very elegant man, and his career is very successful. He supports the whole family in the mulberry family and the mulberry mother, and he and his wife are very loving and very fond of his daughter Sang Zhi. Whether it is delicious or fun, Sang Fu will think about Sang Zhi.

"Can’t Hide Secretly" is played by Ceng Li. In the play, Qiu Xinzhi and Ceng Li, the middle-aged CP, are also very eye-catching, which is a beautiful scenery in the play; And Qiu Xinzhi plays dad for Zhao Lusi, and the two of them are very harmonious and have a sense of atmosphere.

Although there are not many scenes of Qiu Xinzhi in Hiding Secretly, when it comes to Qiu Xinzhi, he is not simple. Many audiences are familiar with him. Qiu Xinzhi was born in 1968 and is an actor from Taiwan, China. Qiu Xinzhi made his debut at the age of 25, because his face value was relatively high. When he made his debut, he was deeply favored by idol dramas. After many years of debut, Qiu Xinzhi played many roles in film and television dramas that the audience liked.

In the TV series Romantic Tang Bohu, Qiu Xinzhi collaborates with Tongshu Yang, in which he plays the leading actor Tang Bohu. In Wutong Rain, Qiu Xinzhi plays Shen Yan, a lame gentleman of the Shen family, who is smothered by maternal love and has a complicated personality. In "Yang Naiwu and Chinese Cabbage", Qiu Xinzhi plays the leading role of Yang Naiwu and Qiu Xinzhi, who is deeply rooted in people’s hearts. However, Qiu Xinzhi is widely known by the mainland audience, and still has a close relationship with Qiong Yao.

In 2011, Qiong Yao made a remake of Princess Huanzhu, and Qiu Xinzhi played the role of Emperor Ama instead of Zhang Tie-Lin. Although there are many slots in Princess Huanzhu, Qiu Xinzhi’s gentle temperament adds bright colors to Emperor Ama, and this role also makes Qiu Xinzhi known to more audiences.

In recent years, with the growth of age, Qiu Xinzhi began to play supporting roles, because Yan value is still resistant to beating, and figure management is also good. Now Qiu Xinzhi’s film and television drama resources are very good. He cooperates with many flowing actors and plays for young actors. Qiu Xinzhi is also a professional father now.

Sean Xiao’s father in Douluo Continent; Li Yitong’s father is played in "Crane’s Hua Ting"; Lingzi Liu’s father in "Qing Qing Daily"; And "A Fierce Sword in the Snow" also has a lot of fate with Ruoyun Zhang. Qiu Xinzhi also gave wonderful performances in such plays as Breaking the Sky, Elite Lawyers and Ordinary Road.

Qiu Xinzhi’s acting career has developed smoothly, but his emotional career is not smooth. His emotional experience has been talked about for many years. Qiu Xinzhi had a marriage, because he participated in the drama "Flower Girl", and he met Wang Yixuan, who was 10 years younger than himself. Wang Yixuan admired Qiu Xinzhi very much. This relationship of "matching the young and the old" was not valued at first. However, in the end, this relationship won the support of Wang Yixuan’s parents, and Qiu Xinzhi was also called "one in a million" by Wang Yixuan’s parents. After marrying Qiu Xinzhi, Wang Yixuan gradually shifted his focus to his family. Unfortunately, the relationship ended in failure.

After Qiu Xinzhi and Wang Yixuan divorced, they had an affair with actor Guan Renzi. They played the Valley Master and the Maid in The Condor Heroes, and Qiu Xinzhi was 24 years older than Guan Renzi. It seems that Qiu Xinzhi is still very partial to his little girl. However, the relationship between Qiu Xinzhi and Guan Renzi has not been recognized by the parties concerned, and with the passage of time, this scandal has also gone away.

In Can’t Hide Secretly, Qiu Xinzhi plays Sang Fu who has a warm home, a loving lover and a lovely daughter, but off-stage, his feelings are full of twists and turns, which really makes people sigh. The plot of "Can’t Hide Secretly" is still wonderful, and I look forward to Qiu Xinzhi’s follow-up plot, which will have wonderful performance.

Topic of this issue:The Paris Olympic Games is coming to an end, and China athletes have a perfect ending. The Olympic Games is not only a physical limit competition and a psychological game; It is also the result of high-tech assistance and accumulated training. How can technology help athletes improve their "strength"? What effect does it have on the skills, tactics and on-the-spot command of the stadium? How to help athletes strengthen their mental attributes, recover their bodies and prevent injuries?

The Olympic Games is not only a physical contest, but also a mental and spiritual contest.

How does the data model help athletes to correct their movements in table tennis competition? How to assist the coaching team to study opponents, capture fighters and adjust tactics in a noisy and changeable arena? How to design tactics and improve movements according to the characteristics of athletes in sprint events? In swimming events, how to use the "wind tunnel system" and big data to "tailor" athletes and set their own technical movements and tactical ideas? This issue brings you "technical and tactical articles".

Table tennis: big data analysis system, helping the "big devil" to strategize.

Every Olympic Games, the table tennis team bears the important mission and many expectations of the China Legion to win gold, and also gives birth to generations of "Big Devil" and "Hexagonal Warrior".

Table tennis seems simple, but it is flexible. The most basic actions are attacking, pulling, pushing, poking, cutting, twisting and tearing, and almost every action can be decomposed into forehand and backhand techniques. There is a relationship between different technical characteristics and playing methods.

In modern table tennis training, professional athletes train to swing thousands of times every day. In order to ensure the strength and action quality, the most common tool is the "digital magic mirror". It can quickly identify the human body, capture the athletes’ movements in real time, and connect them into a digital "stick figure" through the joints of bones. This allows athletes and coaches to observe the range of action and the angle of hitting the ball more intuitively; Through the dynamic labeling of knee joint, hip joint, shoulder joint and wrist joint, the athletes’ skills are corrected. At the same time, the host computer of the "Digital Mirror" can also store the action data of world champions or major competitors for coaches and athletes to observe and compare.

A chip sensor is installed under the grip of the player’s racket, which can collect dozens of three-dimensional data, including the player’s hitting strength, angle, speed, line and so on.

These can make athletes and coaches have a better self-awareness, and improve their skills and determine their tactical styles according to their own strengths and weaknesses.

The Olympic stadium is changing rapidly, especially after the 21-ball system is changed to the 11-ball system, the pace is faster and the conversion is faster. In the past, players with superior strength can no longer play at their own pace, but strive for every ball and go all out, even the "big devil" players are no exception.

Therefore, this requires more tactics and contingency. Table tennis competitions are usually noisy, and several tables are playing at the same time. Coaches need to study their opponents thoroughly in advance, and then adjust their tactics according to the situation on the field-for example, at which stage does the opponent have high morale and good state and need stalemate and defense? At what stage are there loopholes that need to be actively attacked and fully attacked? Which technology of the opponent is in a bad state recently, and it is necessary to attack it unprepared and break the weakness?

In the past, coaches could only watch videos and mark by impression. This will inevitably sacrifice the time of guiding training and the lack of accuracy. Nowadays, the "tactical analysis system" added by AI algorithm allows coaches to quickly retrieve more comprehensive and detailed data through computers or tablets before and during the competition-what is the competitive state of opponents during this period? Different balls, what action is used to score? What is the opponent’s main attack route during this period or this game? On which balls did you make more mistakes? These data can also form tables or pictures for coaches and athletes to see at a glance.

Athletes are in the front, and coaches are behind. This is the secret of China table tennis galloping in the Olympic Games, killing the quartet.

Sprint: digital time-sharing observation system, which assists athletes to "know yourself and know yourself" in all directions.

Let’s watch the sprint again. We have introduced how to evaluate and improve the burst speed and maximum speed of athletes. In fact, athletes should also formulate tactics before the game according to their own characteristics and opponents’ situation.

Usually, the score of 0 to 30 meters represents the explosive speed of athletes; The performance of 60 meters to 100 meters represents the maximum speed and sustained endurance of athletes. Different athletes have different advantages and different running methods-some people try their best in the first half and some people explode at the last moment. For example, Su Bingtian’s first 60 meters speed is even faster than Bolt’s.

In training, the "digital segmented timing system" is commonly used. It can divide the runway into several sections, record different nodes, let athletes try different running methods, and combine with the monitoring of physical signs data to determine the most suitable technical and tactical strategy for this athlete, and improve the short board technology.

Swimming: "Simulate water flow with airflow" to create "flying fish in water" in China Olympic Games.

Finally, let’s watch swimming. In this Paris Olympic Games, the China Swimming Team sent 31 athletes, including six Olympic champions, including Zhang Yufei and Ye Shiwen. China team broke the blockade of European and American athletes in swimming events, besides hard training, there was also scientific and technological assistance.

Swimming competition is very similar to racing competition such as running. However, the mutual influence of water temperature, water resistance and water flow between different lanes in the same swimming pool makes the influencing factors of swimming competition more complicated. In terms of training methods, there are "resistance training" and "overspeed training" similar to those we mentioned in running training-using hardware equipment to provide extra traction or dragging force in the water, and recording the changes of athletes’ speed, time and action range through sensors, completing the basic evaluation of athletes’ characteristics and level, and training and improving their level in a targeted manner.

In order to simulate the influence of water flow on athletes, the swimming team will also use the "comprehensive wind tunnel laboratory of sports training level". The wind tunnel laboratory was originally a tool to simulate the airflow change in the field of aerospace research, so as to design and calibrate the parameters for spacecraft such as airplanes and rockets. For water sports such as swimming, it is only necessary to adjust the conversion parameters between "air" and "water" to simulate water training.

Wind tunnel laboratory, through several high-power fans and complex air holes, creates "simulated water flow" The athletes lie prone on the equipment and test various swimming strokes in the airflow. The test screen can display the athletes’ physical data and the resistance, direction and change of "simulated water flow" in real time, so that the athletes can get used to the situation of various water flow conditions and prepare corresponding tactics and targeted training according to the situation.

In this Olympic Games, China Swimming Team set a new record for the total number of medals of China swimming in a single Olympic Games with 2 gold, 3 silver and 7 bronze medals and a world record.

Undeniably, behind the triumph of Olympic athletes, science, technology and scientific research teams have contributed greatly. But at the same time, the spiritual attributes and subjective technical and tactical abilities of Olympic athletes and coaches are the key to winning or losing. In the modern Olympic Games, participants should not only have strong physique, but also have a "super brain". (Wang Siyuan, commentator of the Economic Voice of the Financial Program Center of Taiwan)

CCTV News:On October 1st, Beijing time, Lagarde, President of the International Monetary Fund (IMF), announced that RMB had officially joined the Special Drawing Rights (SDR) currency basket, with a weight of 10.92%. The RMB has become the fifth "basket" currency after the US dollar, the euro, the Japanese yen and the British pound, and is the only emerging economy currency in the new SDR basket. It marks that RMB ranks among the international reserve currencies.

This is an important page in the process of RMB internationalization. IMF Managing Director Lagarde has said that this move is an important milestone in bringing China’s economy into the global financial system, and it is also an affirmation of China’s monetary and financial system reform in the past few years.

This is actually a "marriage" set at the end of last year.

On November 30, 2015, the IMF announced the inclusion of RMB in the SDR currency basket, but gave a 10-month preparation period. During the 10-month preparation period, the Bank of China and major financial institutions made various preparations for the offshore RMB, and the International Monetary Fund also set up a circulation platform and a new management structure for the RMB internationally.

Everything is ready, and the new SDR basket takes effect today (October 1).

RMB becomes the third largest currency of SDR.

After the RMB entered the basket, the proportion in the SDR basket was 10.92%, and the weight of the other four currencies decreased accordingly. The weight of RMB surpassed that of Japanese yen and British pound and became the third largest currency in SDR currency basket.

Many people may ask, SDR sounds so professional. Is it a currency? What is a "basket"? What does the inclusion of SDR mean for RMB? What benefits can we get from the government, enterprises and ordinary people?

What is SDR?

SDR is special drawing right, which is an international reserve asset created by the International Monetary Fund in 1969 to supplement the official reserves of member countries. Although it is an asset, it can’t find any SDR currency with face value. It is just a unit of account.

Although SDR itself is not money, it can be used as money.

As a reserve asset, it is held by all countries, and can also be used for bookkeeping, repayment and interest payment in all countries. The value of SDR is determined by the five currencies that have been included in this currency basket: USD, EUR, RMB, GBP and JPY. Once there is demand, member countries can convert SDR in their accounts into these five currencies and withdraw them. At present, the IMF has created a total of 204.1 billion SDR, equivalent to about 285.4 billion US dollars.

Still don’t understand? Xiaobian, let’s make an analogy again. Special Drawing Rights (SDR) is like a credit card that can be withdrawn from the IMF. Of course, there is no money on the card, just a line. When an IMF member is in financial difficulties and in a hurry to use money, it can apply to the IMF to swipe this "credit card" in exchange for a basket of currencies, and then the IMF will arrange for foreign exchange-rich member States to exchange it.

With the development of China’s economy to the world, RMB has been used in various occasions around the world. However, before that, the IMF basket had not been loaded with RMB, and the SDR card could not be swiped, which was obviously divorced from the development of the global economy. Starting today, countries that often use RMB in international payments can easily exchange SDR for RMB directly at the IMF.

Zhu Min reveals the secret: the thrilling moment before "entering the basket"

In 2015, Zhu Min, as the vice president of IMF, experienced the critical moment when RMB was included in SDR. Especially last summer, China’s stock market and foreign exchange market fluctuated violently, which put great pressure on whether RMB can successfully join SDR. In an exclusive interview with CCTV, Zhu Min revealed that thrilling moment.

Zhu Min, former vice president of the International Monetary Fund

"The International Monetary Fund just fryers. If the foreign exchange market and the stock market will be so volatile, will this currency be a stable currency? This pressure is enormous. " Zhu Min recalled.

At the critical moment, the People’s Bank of China, the Ministry of Finance and other departments made statements one after another, promising to maintain the stability of the RMB exchange rate and continue to unswervingly promote financial reform. Subsequently, the RMB exchange rate continued to fluctuate in a stable range and entered a relatively stable state. On November 30, 2015, the Executive Board of the International Monetary Fund unanimously approved the inclusion of RMB in the SDR currency basket.

On that day, Zhu Min was very happy. "We made a cake symbolizing SDR. We divide the pound, the yen, the dollar and the euro equally, but putting the RMB in it is particularly large, which shows the vitality of emerging currencies. Lagarde also kissed the automatic knife, and finally we ate this cake and ate it happily. "

What are the benefits of RMB joining SDR?

1. Enhance the international recognition of RMB.

IMF is the most important economic platform in the world today. If a country’s currency is included in the IMF’s currency basket, it will gain international recognition more quickly. This is a kind of certification and an identity, which means that the status of RMB as a reserve currency is officially recognized.

2. Increase the speed of RMB internationalization.

After RMB joins SDR, the world’s major central banks will reconfigure their foreign exchange reserves according to the composition of SDR currency basket. It is roughly estimated that this part of the capital flowing into RMB assets will exceed 10 billion US dollars. Member States can choose RMB to pay their shares to the IMF, or they can ask the IMF to allocate funds to them in RMB, and member States can also choose to repay in RMB. All these have increased the use of RMB and enhanced China’s competitiveness.

3. Accelerate China enterprises to "go global"

In the process of promoting the "Belt and Road" and AIIB projects in China, with the increasing use and acceptance of RMB labeled "SDR", the exchange rate risk and transaction cost in intra-regional trade and investment will be further reduced, thus escorting Chinese enterprises to "go global".

4. China’s financial market will be more open.

The RMB has been "among" the SDR basket, which means that the international community will look at China’s financial system reform and opening up with a higher standard and international monetary responsibility. Therefore, RMB’s entry into SDR will not happen once and for all. China needs to continue the process of reform and opening up, so as to make RMB a veritable SDR currency.

5. Contribute to global financial stability

After joining SDR, RMB will gradually develop into one of the major currencies in the world. In the future, there may be a "three-legged" situation of USD, EUR and RMB, which will help to promote the diversification of the international monetary system and improve its stability and resilience. At the same time, the entry of emerging market currencies into the SDR currency basket will help to improve the previous pattern of using only developed countries’ currencies as reserve currencies and enhance the representativeness and attractiveness of SDR itself. In addition, RMB’s participation in SDR will also help to improve the stability of SDR.

What impact does joining SDR have on ordinary people?

RMB’s entry into SDR is naturally good news for ordinary people, and it is very close to the lives of ordinary people.

Joining SDR will improve the credibility of RMB and its position in the global monetary system, which will make our RMB account better used in payment and consumption. There will be more organizations and individuals around the world willing to accept our UnionPay cards, even Alipay. However, if you want to spend RMB around the world casually, it may be just a concept. You must also swipe your card or change local currency to spend.

It is also good for investment. With the internationalization of RMB, it will be as convenient for us to invest in American and European stock markets and bond markets in the world as it is at home. If you can use RMB to finance overseas, it will be beneficial to the management of exchange rate risk. The liquidity of RMB will be enhanced, the related transaction cost of RMB will be reduced, and the financial cost of corresponding management will also be reduced, which has many benefits.

Some fallacies about RMB joining SDR

One of the fallacies: you don’t need to exchange money when you go abroad.

This is an absurdly wrong but the most widespread fallacy: "Traveling when you leave will no longer be a dream. Traveling and shopping abroad can be settled directly in RMB, and you don’t need to exchange foreign exchange, and you don’t have to worry about exchange rate costs and risks."

For example, the US dollar accounts for up to 41.73% of SDR. When Americans go to China, Japan and Australia, can they take taxis, eat and shop directly with US dollars without changing foreign exchange? Obviously not. How to use money in other sovereign countries is determined by sovereign countries and has nothing to do with joining SDR.

Myth 2: After joining SDR, the RMB will depreciate sharply.

Whether the RMB depreciates or not basically depends on the economic situation in China and has little to do with SDR. In fact, with the further increase of international investors’ demand for RMB bond assets, the corresponding capital inflow will help the RMB exchange rate to remain stable.

Myth 3: After joining SDR, RMB has finally become an international currency.

The inclusion of RMB in SDR is indeed worth celebrating and will bring many benefits. However, we must treat all this rationally and don’t think that everything will be fine if we include SDR. In fact, the internationalization of RMB is a long-term process, and its cycle will last for decades, and the journey of RMB becoming an international currency has just begun. As time goes by, as long as we continue to promote financial reform, the RMB is bound to become one of the most important international currencies in the future.

(Source: CCTV News CCTV Finance)

CCTV News:Tonight, the moon is full of people, and there are thousands of miles in the world. A bright moon entrusts the Chinese children with a beautiful yearning for reunion, and also carries the homesickness and patriotism of thousands of wanderers. Moon viewing is a traditional culture of Mid-Autumn Festival, but at the same time, it is now integrated into our economic life. In the past two years, not only the Mid-Autumn Festival, but also many people take the moon viewing as their tourism theme. For example, outdoor camping has the dual functions of tourism accommodation and moon viewing. Traditional culture integrates fashion consumption, and this Mid-Autumn Festival holiday, Starry B&B has also become a new choice for many people to travel.

Starry sky B&B enjoys the new fashion of bright moon and Mid-Autumn Festival consumption.

The full moon hangs high, and the moonlight is like water. This Mid-Autumn Festival holiday, there are not a few people who choose to go outdoors and enjoy the moon and the stars. In the starry sky camp in Wugong Mountain, Jiangxi Province, transparent starry sky rooms are lined up on the grass in turn, and tourists sit around singing, enjoying the moon and playing games, and spend a romantic and beautiful night together.

Jinding White Crane Peak, at an altitude of 1918 meters, is the highest peak of Wugong Mountain, which is very suitable for watching sunrise and sunset, clouds and starry sky. The local area has built a camp platform of Star Tent here. The design of the whole transparent glass gives a panoramic view of the surrounding scenery, and you can also watch the stars all over the sky at night. The Mid-Autumn Festival holiday attracted tourists from all over the country.

Based on the data of the travel platform, we have drawn a map of the national starry sky theme B&B. In the past five years, there have been more and more areas with Star B&B, with the fastest growth in the central and western regions. Cities such as Beijing, Zhongwei, Hulunbeier and Loudi have become popular destinations for Star B&B.

Immersed in the national wind and rhyme, night consumption lights up the mid-autumn night.

This year’s Mid-Autumn Festival holiday, not only the ways of enjoying the moon are richer and more diverse, but also the national style and charm have become a major feature. A variety of immersive folk activities were held in many places, which made people feel the charm of traditional culture.

Ordering tea, smelling incense, tasting tea, arranging flowers, hanging pictures and Mid-Autumn Festival holidays, these traditional lifestyles in China have been restored in many cities in Zhejiang. In the ancient town of Shou Chang in Jiande, the block is arranged in the shape of the streets and lanes of the Song Dynasty thousands of years ago, and more than a dozen stalls with ancient style and charm are lined up in turn. Visitors can put on the Hanfu of Song Rhyme and experience flying flowers, elegant tea and ancient entertainment activities.

Not long ago, the historical and cultural leisure block in Xinanli, Nanjing, Jiangsu Province was selected into the list of national night culture and tourism consumption gathering areas. During the Mid-Autumn Festival, relying on traditional folk culture, a series of night consumption experience activities were launched here.

Traditional culture is integrated with fashion consumption, and during the Mid-Autumn Festival holiday, some cities have lit up urban landmarks in new ways. In Guangzhou, the night tour of the Pearl River attracted many citizens.

Boarding this cruise ship enjoying the moon, whether it is seasonal fruits with unique local characteristics, Lingnan snacks and Cantonese moon cakes, or lanterns hanging in the cabin, it is full of Lingnan cultural charm.

Halfway through the voyage, a classic Cantonese opera performance pushed the atmosphere to a climax.

Since the launch of the second batch of theme education, the grass-roots party organizations of China China Resources have faithfully implemented the decision-making and deployment on the investigation and research in the whole party, carried out investigation and research at the grass-roots level, and "identified the pulse", "diagnosed the symptoms" and "opened the other side" to promote the effectiveness of theme education.

Down-to-earth, focusing on blocking points to carry out research

In the investigation and study, the grass-roots party organizations of China Resources in China threw themselves down, went to the grass-roots level and walked into the masses, focused on the difficulties and pain points, deeply analyzed the urgent needs of development, and deeply explored the thoughts and hopes of the masses.

The Party Committee of China Resources Land Northeast Region, in combination with the strategic development orientation of the 14th Five-Year Plan, focused on the key and difficult issues such as the elimination of public buildings and the improvement of delivery quality. Members of the Party Committee and the management team visited the research project for 16 times, and worked together to study 35 measures to improve production and operation, such as "improving the quality and efficiency of residential project process management, improving the marketing ability of public construction team, and optimizing the management of maintenance outsourcing", and organized 7 special seminars to form 9 special reports. Members of the Party Committee of China Resources Jiangzhong Jisheng Pharmaceutical Co., Ltd. earnestly implemented the requirements of "four basic units", learned in detail about the completion, difficulties and support of "ten major projects" and "ten major tasks" of Kechuang City Base Project, and made on-site scheduling and deployment to promote related work; Understand the new technology, new equipment, EHSQ, intelligent manufacturing and lean management of Wanli manufacturing base on the spot. The research team also went to the National Pharmaceutical Machinery Expo for on-site investigation, had in-depth exchanges with more than ten domestic and foreign brand exhibitors, and grasped the new trends, developments and trends of equipment in the field of intelligent manufacturing. The Party Committee of Dong ‘e Ejiao, a company directly under the control of China Resources Medicine, conducted an anatomical investigation around the typical case of "the transformation of the traditional business model of health chain under the new consumption environment". In view of the current situation that the profit model of a single store has not yet been formed and the linkage mechanism of various business sectors has not yet been established, it comprehensively judged and accurately took the pulse, focusing on the "two-wheel drive" of the future self-operated joint venture, and explored the construction of "one plus" of "at least one brand experience store (direct operation) +N brand specialty stores (light asset joint venture)"Relocate the role of products and deepen the construction of collaborative mechanism. The General Party Branch of China Resources Chemical Materials Yantai China Resources Nylon Co., Ltd. focuses on the driving force of innovation and development of differentiated products, organizes party member business backbones in R&D, production, marketing and other departments, conducts research on the industrialization process of nylon hollow fiber in the high-end clothing fabric market, analyzes the industry status and product competitiveness, and deeply studies the technical feasibility of products such as technical difficulties, innovations, performance indicators, cost control, and business models such as pricing, sales and promotion, so as to accelerate the differentiated transformation and enhance the development momentum. Members of the Party Committee of CR Vanguard OLE Company successively went to stores in Dalian, Xi ‘an, Chongqing, Shanghai and other places to complete 14 investigations, during which 7 seminars were held, and 101 opinions and suggestions and difficult needs were collected on the spot, and 16 opinions and suggestions were collected through one-on-one interviews, so as to comprehensively examine OLE’s own brand building and "micro-corruption" governance.

Work hard and constantly improve the research methods.

The grass-roots party organizations of China Resources in China mobilized the broad masses of party member cadres to thoroughly practice the five-character formula of "being deep, practical, detailed, accurate and effective", constantly optimized and innovated ways and means, and strengthened and improved research work.

The Party Committee of China Resources Beer Zhengzhou Division pays attention to improving the working methods of investigation, makes full use of modern information technologies such as the Internet and big data, forms an analysis report by conducting an online questionnaire survey, and comprehensively organizes the investigation by means of field visits, focusing on the difficult problems in the use and training of front-line personnel, examining the working mode of front-line grass-roots personnel, developing the curriculum of front-line personnel training, combing the curriculum system in combination with the actual business, and organizing the training of front-line personnel to provide for the realization of the business objectives of the marketing centers of the Division. The party organization affiliated to China Resources Gas adheres to the principle of "up-down linkage and coordinated promotion", builds a working mechanism of "leadership leading the topic, departmental coordination and grassroots participation", and promotes the research work in an orderly manner in a project-based, inventory-based and accountability manner. In view of the factors restricting the development of regional enterprises, the General Party Branch of Nanning Region, on the basis of carrying out thematic education investigation and research, formulated and issued the "Implementation Plan for Leading Cadres’ Stalking at the Grassroots Level" after three discussions by the regional management team, which clearly defined the division of responsibilities, personnel selection, squatting area and measures requirements, strengthened the pertinence, depth and long-term effectiveness of the investigation and research, and really made it difficult for the grassroots to clear the blocking points. The Zhangping Cement Party Branch of China Resources Building Materials Technology combines investigation and research with special discussion, case analysis and promotion of development. On the basis of in-depth investigation in the early stage, it holds a safety management symposium and analyzes the negative cases of safety production.We will carry out special discussions from four aspects: the construction of safety management system, the implementation of operating procedures, the reward and punishment of safety behavior, and the maintenance and transformation of safety facilities, so as to brainstorm and solve problems and identify the breakthrough point and breakthrough point for solving problems. The Party Committee of Structural Building Materials Division insists on internal and external collaborative research, actively "goes out", and goes to Wuhan to conduct benchmarking research on industry benchmarking enterprises, learn from excellent practices and find their own shortcomings. The Party Committee of the Southwest Region of China Resources Pharmaceutical Business organized representatives of the United Front to jointly carry out research in combination with the business and specific work of their units. Anhui regional party committees listen to the truth and touch the truth through "going through the process", "squatting", "secretary salon" and one-on-one interviews, investigate the problems existing in commercial companies and deeply analyze the common problems and individual needs.

Pay attention to practical results and promote the transformation of research results

China China Resources grass-roots party organizations adhere to the problem orientation, turn the research results into "the right prescription" to solve difficult problems, do a good job in the second half of the article, and promote the implementation of the work with the research results.

The Party Committee of Qineng Company, which belongs to Chongqing Energy of China Resources Power, organized and formed a list of rectification measures covering all aspects of production, supply and sales of low-iron aluminum around the research topic of "focusing on solving the production problems of low-iron aluminum and improving the market competitiveness of products", and implemented them one by one. Up to now, the daily output of low-iron aluminum has increased from 40 tons/day to 210 tons/day, and the research goal of the project has been completed ahead of schedule. The Party branch of China Resources Wufeng Policy Grain Business Center conducted a special investigation on food safety, focused on business processes, and combined with practical work, investigated the implementation measures and risk points one by one, sorted out the weak links, and updated the system processes, strengthened the whole process supervision measures, and improved the internal supervision mechanism. China Resources Research Institute of Science and Technology conducted a typical case study on "Scientific Research Management Mechanism of Ropong Pension Robot Project" to learn more about the construction of innovation platform, the collection of science and technology resources and the construction of science and technology system. Starting from helping the construction of Hong Kong International Science and Technology Center and building a comprehensive platform for Industry-University-Research with strong influence in Hong Kong, it sorted out four types of problems, such as top-level design, management mode, resource gathering and incentive system, and formed work suggestions accordingly, so as to achieve the purpose of promoting the implementation of work through investigation and research. The Party Committee of China Resources Health Ruizhou Hospital solved the blocking points and difficulties in the construction of regional integration of intelligence and mathematics through investigation and research, and promoted the online security cloud line of Ruizhou Hospital Headquarters, Bajing Mine Branch and Yingkuang Branch to realize the interaction between patients and medical personnel, medical institutions and medical equipment, comprehensively improve the level of administrative management and service to the masses, and effectively turn the research results into work results.The party branch of China Resources Environmental Protection Service, an enterprise directly under the management of China Resources Environmental Protection, has carried out research on the recycling of waste textiles, conducted in-depth research on 18 units including central enterprises, leading enterprises and universities in the industry, and conducted in-depth investigation on the industry status, development path and technical points of waste textile resource utilization. At present, it has signed a strategic cooperation framework agreement with a central enterprise, effectively promoting the transformation of theme education achievements into green, low-carbon and high-quality development achievements of enterprises. The Party Committee of Central China Region of China Resources Land carried out a special promotion survey on "public construction and decontamination", comprehensively analyzed the marketing strategy of selling 4,130 sets of talent rooms in Zhengzhou New Era and Zhengzhou Vientiane City Phase II, explored the standardized trading experience of various types of apartments, systematically combed the ways to realize the regulation of inefficient land storage projects such as gedian Future Shangcheng and Wutong Lake International Community in Ezhou, and summarized five practical experience achievements, laying a solid foundation for winning the tough battle of "public construction and decontamination".

Since the launch of the second batch of theme education, grass-roots party organizations of China China Resources have gone deep into reality, grassroots and the masses, in order to deepen investigation and research to promote the solution of development problems, and effectively turn the research results into practical measures to improve work and promote development.

[Editor: Shi Yunlai]

　　The 2020 National Cyber Security Publicity Week is being carried out in many places across the country. Cyber security week, which has been held for seven consecutive years, has become a bright business card in the field of network security. How to keep this business card shining?

　　During this year’s Cyber Security Week, all localities innovatively applied new media technologies, publicized cyber security knowledge, cultivated cyber security soil, highlighted interactivity, participation and experience, and interpreted the profound connotation and far-reaching influence of "cyber security is for the people and cyber security depends on the people" with vivid practice of innovation and change, and publicized cyber security knowledge in various ways.

　　Beijing: Fierce confrontation in the skill competition of "training by competition"

　　Recently, as one of the important activities of Beijing National Cyber Security Publicity Week in 2020, the Cyber Security Skills Competition of Beijing National Cyber Security Publicity Week was successfully held. This year’s Cyber Security Skills Competition adopts the form of "online preliminary contest+offline final contest". Through fierce competition, it cultivates and exercises the cyber security protection skills of teachers and students in colleges and universities, stimulates the interest of college students in studying cyber security knowledge and skills, enhances the innovative practice ability of cyberspace security, and better responds to the future cyber security challenges. According to reports, more than 100 teams entered the online competition in the preliminary stage, and more than 10 teams from Tsinghua University, Peking University and Beijing University of Posts and Telecommunications stood out and advanced to the final. After three hours of fierce competition, the first, second and third prizes were born respectively, and the awarding ceremony will be held at the closing ceremony of Cyber Security Publicity Week on the afternoon of September 20th.

　　Tianjin: 5G Lab Unveils the First Class of Network Security.

　　On September 14th, the launching ceremony of the 2020 National Cyber Security Publicity Week in Tianjin and the activity of "Opening the First Lesson of Cyber Security" were held in Tianjin Media Theatre. During the activity, the "Tianjin 5G Network Security Laboratory" jointly promoted by Tianjin Netcom Office, Municipal Science and Technology Bureau and Municipal Communications Administration was officially unveiled. Relying on Tianjin Mobile’s advanced technology in the 5G field and 360 Group’s rich experience in the network security industry, the laboratory has built a 5G security application model suitable for different industries through the research on key technologies and common technologies of 5G network security, providing strong security guarantee for the integration of 5G technology into all industries. Guan Xiaohong, an academician of the Chinese Academy of Sciences, and other six experts focused on new technologies and applications such as 5G, artificial intelligence and big data, gave lectures on new trends, new tasks and new challenges in network security development, publicized and popularized network security knowledge and skills, and contributed to building a strong network security barrier.

　　Shanghai: the first exclusive IP fun lights up the opening.

　　On September 14th, the opening ceremony of the 2020 National Cyber Security Publicity Week in Shanghai was held in the Variety Studio of the Media Center in Chongming District. At the opening ceremony, the animated propaganda film "When the Network Epidemic Prevention is Going on" brought by "Yulan" representing the citizens and "Hubao" from the fifth space kicked off the event. This is the first time that the National Cyber Security Publicity Week in Shanghai has created an activity-specific IP with Shanghai elements and produced an animated series. Network Epidemic Prevention is going on, which consists of three episodes: children’s stories, white-collar stories and old-age stories. It tells a short story about network security that happened around different social groups such as teenagers, white-collar workers in enterprises and the elderly during the epidemic prevention and control in COVID-19. We will raise the public’s attention to network security and further enhance the public’s awareness of network security through ways that citizens like to hear and hear.

　　Zhejiang: On-line experts at Netan Cloud Exhibition make big suggestions.

　　On September 14th, 2020 Zhejiang and Ningbo Cyber Security Publicity Week was officially launched in Ningbo. At the launching ceremony, the "West Lake Net Anyun Exhibition", a cyber security industry exhibition jointly planned by Zhejiang Netcom Office and Zhejiang Cyberspace Security Association and its member units, was officially opened. By building a 3D virtual exhibition hall online, excellent domestic and foreign Internet, cyber security enterprises and enterprises in the fields of finance, energy and communication were selected to participate in the exhibition, creating a "never-ending" digital exhibition for netizens. After the launching ceremony, the academic report meeting on network security was held, and experts, scholars and industry big coffee gathered together to make suggestions for network security. Sun Youxian, an academician of China Academy of Engineering, and other experts and scholars gave keynote speeches on the topics of "Focus on the new generation of industrial Internet information security", "Safe city: the response to urban infrastructure security in the network age" and "Innovation and prospect of security technology".

　　Guangdong: Closed meeting focuses on ecological keynote speech. Dry goods are full.

　　On September 14th, the launching ceremony of Guangdong Cyber Security Publicity Week in 2020 was held in Guangzhou Library. At the launching ceremony, a closed-door conference on the development of network security and information industry in Guangdong Province was held for the first time. Leaders of relevant government departments and representatives of outstanding domestic Internet companies gathered at the conference site to exchange views on issues such as Internet companies seizing the opportunities of the times, optimizing industrial layout, and jointly exploring markets. The government increased policy support, improved business environment, and promoted integration and innovation. After the meeting, representatives of participating enterprises were organized to visit the industrial parks in Guangzhou, Shenzhen and Foshan to promote the development of network security and information industry in Guangdong Province. In addition, academicians Fang Binxing and Wu Jiangxing delivered keynote speeches on hot topics such as "new infrastructure" and "digital economy", and connected Shenxin Technology Co., Ltd. and Zhuhai Gree Electric Co., Ltd. on the spot to introduce their own efforts in doing a good job in network security and serving the construction of a strong network province.

　　Shandong: Netan Games "Go to War" gathers talents in the industry

　　On September 14th, the launching ceremony of the 2020 National Cyber Security Publicity Week in Shandong Province was held in Jinan. 2020 "Yun Tian? The final of "Taishan Cup" Shandong Cyber Security Competition and the 9th Shandong Cyber Security Skills Competition for College Students started simultaneously. 2020 "Yuntian" with the theme of "Gathering Qilu Yingcai Escort Network in Shandong" The "Taishan Cup" Shandong Cyber Security Competition was jointly organized by Shandong Netcom Office and other 13 departments, aiming to provide a stage for contestants from all over the province to show their level, compete and communicate with each other, explore, gather and cultivate cyber security talents, promote the publicity and education of cyber security in Shandong Province and the construction of talent teams, continuously promote technological innovation of cyber security, and effectively improve the overall protection level of cyber security. The contents of this competition include the mastery and comprehensive application of network security knowledge, the application level of attack and defense, the ability to solve network security problems, and the ability of teamwork, etc., attracting 243 players from 81 teams including 16 cities, provincial units and important industries in the province.

　　Jilin: Create a demonstration sample and start the cyber security competition.

　　On September 14th, 2020 Jilin Cyber Security Publicity Week, jointly organized by Jilin Network Information Office and multi-departments, officially kicked off in China FAW NBD Headquarters. At the opening ceremony, Jilin Netcom Office established China FAW as the first "Smart Internet Security Demonstration Base" in Jilin Province, creating a new sample for the overall protection of key information infrastructure in Jilin Province. At the same time, the "Xiangyun Cup" network security competition and the schedule of the third college student network security competition in Jilin Province were released. The contest is jointly sponsored by Jilin Network Information Office and Jilin Provincial Bureau of Politics and Statistics, and will be held from October to December 2020. The homepage of the official website will be officially launched on September 14, and players will be recruited nationwide. There will be one first prize, two second prizes and three third prizes in the contest, and the winners will get internship and high-paying employment opportunities.

　　Heilongjiang: "Light and Shadow Show" 600 drones light up the night sky.

　　On the night of the launch of the Cyber Security Publicity Week in Heilongjiang Province in 2020, Heilongjiang Netcom Office held a large-scale drone flight show, which was shocking and became one of the most eye-catching "black technologies" of this year’s Cyber Security Week. 600 UAVs with their own "lights" from Harbin Institute of Technology Robotics Group took off at Sun Island in Harbin, and arranged in the air as "network security for the people depends on the people" and "keep the network security of the motherland ‘ North Gate ’ " And other words, but also formed a map of Heilongjiang Province, the Great Wall of Wan Li and other graphics. Unmanned aerial vehicle (UAV) constantly changes colors during the flight show, and it blooms the charm of technology and light and shadow, becoming the brightest "star" in the dark, which also marks the rapid development of network technology in Heilongjiang Province.

　　Jiangxi: the "signature punching" exhibition on the cloud is convenient and fast.

　　With the launch of the seventh National Cyber Security Publicity Week in Jiangxi Province, the cloud exhibition of the seventh National Cyber Security Publicity Week in Jiangxi Province was also launched simultaneously. This is the first time that the exhibition of Cyber Security Week has been held online since Jiangxi Province held the National Cyber Security Publicity Week in 2014. Open the link of the cloud exhibition, click the "Start" button and enter the signature wall. You can write your name on the signature wall by clicking on the signature, and "punch in" the cloud exhibition. After signing, click the "Go and Sit" button to enter the "Exhibition Hall" to watch the cloud exhibition. The interactive design of the whole cloud exhibition well simulates the field scene and gives people an immersive exhibition experience. The homepage of the cloud exhibition has eight sections, including news information, important expositions, policies and regulations, and media-integrated works. Among them, the media-integrated works section specially displays short videos, sand paintings, micro-animations and many other media-integrated works covering advocating the public to maintain network security and learn network security knowledge.

　　Guangxi: The theme exhibition of "Immersion Experience" is rich and practical.

　　In 2020, the National Cyber Security Publicity Week in Guangxi gave full play to the advantages of online communication, and deployed seven online and offline activities, including the theme exhibition of the publicity week, the enterprise cloud exhibition, the cyber security knowledge contest, the technology contest, the cloud course, the expert online Q&A and the citizen experience activities. Among them, the theme exhibition of Cyber Security Publicity Week launched by Guilin Museum has set up demonstration experience equipment such as fishing Wi-Fi, hacking charging piles and Alipay phishing scams, so that citizens participating in the experience can deepen their understanding and understanding of cyber security and personal information protection with the help of immersive experience. Guangxi will also hold a series of theme days, such as campus day, telecommunication day, rule of law day, financial day, youth day and personal information protection day, to popularize network security knowledge to the whole society.

　　Qinghai: "Close to the masses" Netan detachment guards peace of mind

　　At the Cyber Security Exhibition of the Cyber Security Publicity Week in Qinghai Province in 2020, the "Cyber Security Detachment" became an important force to help the masses to simply and quickly popularize the key points of network information security. This network police team is praised by the masses as an "old friend" of network security publicity week and a "firewall" for daily network security applications. In this year’s Cyber Security Week, the Cyber Security Detachment focused on promoting the relevant knowledge of personal information privacy protection. The network security brochures they distributed contain very practical contents such as phishing software, personal information protection, online learning and office safety during the epidemic.

Recently, Yizhou Branch of Hechi City Public Security Bureau took more than half a year to crack a new network pyramid scheme involving many provinces and cities across the country, involving more than 300 million yuan and 3.5 million members.

At present, Yizhou police have arrested 13 people involved in the case, including 7 arrested, 5 released on bail pending trial and 1 handed over.

The suspect was arrested and brought to justice.

Reporting by the masses leads to major cases.

On April 3 this year, Yizhou Branch of Hechi City Public Security Bureau received a report from the masses: someone in the jurisdiction was on the "WedoTalk" to expand its membership in the form of attracting people to pay fees, and obtained the virtual reward "Dimension Coin" and company shares issued by the platform, which was suspected of pyramid selling activities.

After receiving the report, Yizhou Branch quickly called the elite police to carry out the case investigation. After preliminary investigation, this is a new network pyramid scheme involving more than 20 provinces and cities across the country, involving millions of people and hundreds of millions of yuan.

After the case was reported, the Hechi City Public Security Bureau quickly set up the "4 3" organization to lead the MLM case task force, mainly focusing on the Economic Investigation Brigade of Yizhou Branch, and transferred various police types and multi-departmental joint operations from the county and district public security bureaus in Hechi City.

After the establishment of the task force, it quickly concentrated the superior police force to carry out the case study and judgment. After more than a month’s efforts, it finally mastered the framework structure, hierarchical connection and operation mode of this criminal gang and collected a lot of evidence materials.

After careful control, on May 22, Hechi City Public Security Bureau organized more than 100 police officers to rush to Guangzhou, Guangdong Province. With the strong assistance of the local police, 13 major suspects, including Jiang Mohang and Shi Moli, who were hidden in a certain place in Guangzhou, were arrested, and a number of crime tools such as computers, mobile phones and mobile storage devices were seized. After further interrogation and investigation, the case gradually surfaced.

On August 7, 2019, the suspects Jiang Mohang and Shi Moli jointly established Guangdong micro poly Technology Co., Ltd., engaged in internet business such as software development and technology promotion. In December 2020, Jiang Mohang and Shi Moli developed a "Dimension" App with instant chat, online conference, community management and live broadcast in the name of the company.

In order to quickly lock in and develop the volume of users, Jiang Mohang, Shi Moli and others have developed a pyramid scheme of pulling people’s heads to develop levels and registering online for rebates, promoting virtual services through the in-house purchase function of the software and distributing the reward "dimension coins" and stocks set by the platform. In July 2021, Jiang Mohang and others officially promoted the operation of the "Dimension" App.

Jiang Mouhang is the chairman, Shi Mouli is the president, and Liu Moumou is the legal representative. The company has also set up administrative departments, financial departments, marketing departments, technical departments, corporate propaganda departments, training departments and other departments, and Zhou, Zhong Motao, Huang Mobin and others are responsible for the above departments and serve the "Dimension" App pyramid scheme.

Hierarchical development of members

In November, 2021, Lu, who worked in a company in Yizhou, Hechi, met Chen Mou, a man from Guangzhou, when he was in Guangzhou for business talks. During the chat, Chen Mou recommended the "Dimension" App to Lu and introduced its functions and service platform.

After downloading and using, Lu found that the "Dimension" App platform can build a group and live broadcast with goods, and senior members of the enterprise version can also withdraw high cash back after developing their members. Lumou was convinced that "Dimension" App was a high-tech product of the Internet under the temptation of Chen Mou, so he paid 10,000 yuan to buy a senior member of the enterprise edition.

Subsequently, Lu used the invitation code randomly popped up on the "Dimension" App to invite friends and relatives to scan the code and join the club. Sure enough, he got the corresponding rebate commission. After tasting the "sweetness", Lu did the same thing and increased his investment to become the general agent of "Dimension" App Yizhou.

On August 25, 2022, in order to better explore the market, Jiang Mohang came to Nanning, Guangxi through the introduction of Lu, and set up a subsidiary, so Lu became one of the top agents in Guangxi.

After the subsidiary landed, Lu accelerated the "development" of "Dimension" App in Guangxi. In less than two years, it has developed 160,000 members in Guangxi, with 49 levels, involving more than 70 million yuan.

The task force joined hands with multiple police types and departments for more than half a year, and used a variety of scientific and technological means to collect and fix a large amount of evidence materials, so that the "Dimension" App network pyramid scheme gang was caught in the net.

At present, the case is further improving the relevant evidence materials and is under trial for transfer.

"Technology" covers up pyramid schemes.

According to the police investigating the case, when promoting the "Dimension" App and attracting people to join it, Jiang Mohang, Shi Moli and others often fabricate and exaggerate the functions, market prospects, business opportunities and profit margins of the App by holding investment fairs, organizing tours, locking customers in groups, and giving online lectures in China, and spare no effort to publicize the business model of the head office, on the grounds that the higher the membership level, the more rebates they get from the platform.

In the propaganda, the gang constantly preached under the banner and label of e-commerce, virtual currency, national brand project, etc., covering up its essence of making profits by developing offline, making participants lose their minds, and spared no effort to promote App packages among relatives and friends to attract people and get rewards for their achievements, becoming accomplices and participants in online pyramid schemes.

The police reminded that the current online pyramid selling activities are characterized by strong concealment, wide spread, rapid development, mixed participants and large amount of money involved. If the masses find pyramid schemes, please actively collect relevant clues and report to the relevant departments as soon as possible. If you find yourself cheated to participate in pyramid schemes, please pay attention to collecting and saving remittance vouchers, names, telephone numbers, internet accounts and other relevant evidence clues of introducers and online personnel, and provide them to the public security organs in time.

Original title: "Trick 3.5 million people into cashing in as members, caught"

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On May 18, 2017, Ali announced the Q4 results of fiscal year 2017 and the annual financial report (Note: As of March 31st, Ali’s fiscal year, the 2017 Annual Report disclosed the financial data from 2016Q2-2017Q1.）。

The financial report shows that Ali’s revenue in Q1 of 2017 was 38.58 billion, a year-on-year increase of 60%; At the end of the quarter, the monthly mobile users reached 507 million; Total transaction amount in FY 2017（GMV）About 3.8 trillion; The fiscal year revenue was 158.27 billion yuan, a year-on-year increase of 56%.

It is gratifying that Ali’s revenue has maintained rapid growth under the huge scale, but there is no doubt that the scale of e-commerce platform users is approaching the limit. It is worth noting that in the case that the "demographic dividend" is about to be exhausted, the market value of Ali has hit record highs, accounting for 300 billion US dollars.

On April 28th, Tiger Sniff’s book "Ali’s market value hit a two-year high, why did it increase so rapidly" discussed the global asset shortage, the convergence of capital to the "300 billion-dollar giant" and the market’s expectation for the "successor" of Ali’s capital operation.

Through the latest financial report data, we can get a general glimpse of Ali’s layout and financial health in response to the "post-dividend era".

The "demographic dividend" and "mobile dividend" have come to an end.

1)GMV’s "mobility"

In fiscal year 2017, Ali GMV was about 3.8 trillion. After exceeding 1 trillion in fiscal year 2013, the compound annual growth rate of GMV was 36.8%.

Today,Ali is still the only e-commerce platform in China with a total transaction amount exceeding 1 trillion.

Ali’s huge GMV has been highly "mobile": 79% of GMV in FY 2017 came from mobile terminals, an increase of 14 percentage points over FY 2016. In fiscal year 2014, the mobile GMV exceeded 300 billion yuan, and in fiscal year 2017 it was close to 3 trillion yuan, with an average compound annual growth rate of 110%.

2) Number of active users and per capita consumption

In fiscal year 2017, the total number of active buyers of e-commerce platforms was 454 million, with an average compound growth rate of 21.2% in the past three years.

In FY 2017, the contribution of each active buyer to GMV was 8,591 yuan, a year-on-year increase of only 7%, equivalent to spending 49.2 yuan more per month (The denominator is the average value of users at the beginning and end of the period.）。

3) All kinds of bonuses have been eaten to the tail.

The first generation of Internet companies are lucky. First, they get the world’s largest "demographic dividend" and then they get a rich "mobile dividend". As long as they can "get on the boat" and insist on not being squeezed out, they can easily get two or three-digit revenue growth. # What an era of blindfolded running #

Comparing enjoying the bonus to eating fish, we have eaten the "fish tail" today.

For example, the "demographic dividend", as of the end of March 2017, Ali’s active buyers reached 454 million, and the year-on-year growth rate has dropped to single digits; The annual per capita consumption of hundreds of millions of users has increased by seven percentage points, which is basically consistent with the GDP growth rate.

Another example is "mobile bonus". In the PC era, Internet users spend only a few hours a week surfing the Internet. In the mobile era, "24×7 online" has become the norm, and the traffic has increased geometrically. Due to the large number of food-sharing, companies from startups to Nasdaq listed companies are eager to buy, and the price of traffic is rising instead of falling. Only companies with abundant traffic, such as BAT, have successfully enjoyed this wave of dividends.

In the just-concluded fiscal year, the growth rate of Ali GMV, the number of active buyers and monthly users all slowed down significantly. The following figure shows the number of monthly mobile users in the last 14 quarters (Mobile MAUs）。

Statistics show that the number of mobile Internet users in China was close to 700 million at the end of 2016. Because it is difficult to apply for online banking under the age of 18 and cannot become an e-commerce platform user, 507 million monthly users are close to the number of adult mobile phone users.

With the popularity of the Internet and smart phones approaching saturation, the demographic dividend and mobile dividend have basically disappeared. The so-called "second half" refers to this situation (Note: The "second half" was proposed by Wang Xingyu in July 2016.）。

"A gentleman who reaches the Tao means reaching, and a poor man who reaches the Tao means being poor". If you are poor, you will think about change, change will make sense, and general rules will last for a long time. "The dividend is infinitely good, buried by the coming night", but Ali’s market value has reached a new high, indicating that its countermeasures and initial results have been recognized.

What does the capital market see?

The biggest attraction of the recent China Stock Exchange is that Ali’s share price has reached a new high, with an increase of more than 50% in the past 12 months and a market value of 300 billion US dollars.(Note: On May 19, 2017, the closing price was USD 123.22, with a market value of USD 307.5 billion).

When the market value of the company reaches hundreds of billions of dollars, no single capital force can dominate the world. Especially in the United States, where the short-selling mechanism is sound, as long as a "handful" of powerful capital thinks that the valuation is artificially high, the rally may be reversed.

Companies with a market value of billions to tens of billions of dollars are different. As long as a "handful" of strong capital supports them, high valuations can remain unchanged (Like qunar. com）。 Therefore, the consensus needed to promote the stock price rise of companies with market value of hundreds of billions of dollars is much higher than that of companies with market value of tens of billions of dollars.

Knowing that China’s demographic dividend and mobile dividend have come to an end, Wall Street has pushed Ali’s market value to a new high. On the one hand, it has seen the steady growth of the main business of e-commerce, and on the other hand, it is out of recognition of Ali’s "post-dividend era" layout.

1) The weight of core e-commerce business has declined.

In the past eight quarters, the proportion of Ali’s core e-commerce business revenue has dropped by 10 percentage points.

Due to the performance of "Double Eleven", the revenue and proportion of e-commerce business will form a "peak" in the fourth quarter of each year:

In Q4 of 2015, the revenue of e-commerce business was 34.5 billion, accounting for 93%;

In Q4 of 2016, the revenue of e-commerce business was 53.2 billion, up by 54% year-on-year, but the proportion dropped to 87%.

　

It is expected that the rise of cloud computing, digital media entertainment and other sectors will continue, and the proportion of e-commerce business in total revenue will further decline.

2) Cloud computing

In Q2 of 2015, the number of paying users in Alibaba Cloud was 263,000, with revenue of 485 million; At the end of 2016, the number of customers reached 2.3 million, of which 765,000 were paying users; In Q1, 2017, paying users and revenue reached 874,000.2163 billion respectively. In the same period, the quarterly expenditure of each paying user increased from 1840 yuan to 2470 yuan.

With the steady growth of revenue and the number of paying users, the economic benefits of Alibaba Cloud are improving day by day. In 2015, Q2 achieved 485 million revenue, but its operating loss reached 368 million, with a loss rate of 75.9%. The loss rates in the last three quarters were 3.8%, 5.2% and 7.8% respectively.

In Q1 2017, the EBITA loss of Alibaba Cloud business has narrowed to 169 million (Note: EBITA excludes equity incentives and amortization of intangible assets for operating profit.）。

In fiscal year 2017, Alibaba Cloud’s revenue reached 6.663 billion, up 120.7% year-on-year, achieving three-digit growth for two consecutive years.

According to IDC data, Alibaba Cloud is the largest public cloud service provider in China, with revenue exceeding the sum of the 2nd-10th places. At present, Alibaba Cloud computing has penetrated into the fields of consumer brands, energy, financial institutions, health care, manufacturing, media and retail, accounting for more than 40% of the cloud computing market in China.

According to the research report released by Deutsche Bank, Alibaba Cloud’s net income will surpass Google to enter the top three in the world in 2016.

With the first-Mover advantage, scale advantage and good performance, it is very likely that Alibaba Cloud will turn losses into profits in two or three years, when the door to the A-share market will be opened.

3) Digital Media and Entertainment

Ali’s "Digital Media and Entertainment" section is mainly composed of Youku Tudou, UC browser and Gaode map. The initial task of this sector is to play a synergistic role with the core e-commerce business. With the progress of user scale, content ability, technology and brand, the revenue has increased year by year, and the contribution rate to revenue is about 10%.

In Q1, 2017, the revenue of digital entertainment was 3.93 billion, up 234% year-on-year, accounting for 10.2% of the total revenue.

The financial report only discloses the revenue and EBITA of the whole sector in general. Under the influence of multiple factors, EBITA is elusive, but the overall loss is narrowing.

Although Alibaba Cloud and Youtu are still losing money, they are both on the right track, and their prospects as industry leaders are limitless. After all, the success of AWS and Netflix is just around the corner.

Although the dividend is exhausted, Ali’s position as the king in the field of e-commerce is worry-free, and cloud computing and digital media entertainment watered by abundant cash flow in e-commerce business have become a climate.

In addition, many companies in which Ali shares have become an organic part of the e-commerce ecology. Among them, the best is the rookie with an average daily parcel handling capacity of over 42 million pieces; Single season GMV reached a reputation of 75 billion.(Year-on-year increase of 257%)There is also Suning who is "beautiful in the Warring States and resistant to JD.COM".

It can be said that Ali is the most fully prepared Internet company in China for the "post-dividend era".

Financial health under diversification

Not afraid of diversification, I am afraid of LeTV’s diversification beyond its own strength. Cloud computing and digital media entertainment are still in the investment period, and they still need to share the losses of excellent soil, rookie and word of mouth. What is Ali’s financial health?

1) The "trunk" is thick.

Ali’s e-commerce business is obviously seasonal, with the peak of Q4 and the trough of Q1. Generally speaking, the peaks are higher and the valleys are shallower. For example, in 2016, Q4 revenue reached 46.58 billion, 45% higher than the previous peak; In Q1, 2017, the revenue was 31.57 billion, a year-on-year increase of 47.1%.

It is worth noting that the peak season revenue and profit rate are rising simultaneously. Operating profit margin in 2015Q4 and 2016Q4 (EBITA) are 65% and 64% respectively. This ratio was 59% in 2015Q1 and 2016Q1.

In FY 2017, the e-commerce business EBITA reached 82.43 billion. EBITA is the balance of gross profit after deducting the product expenses, market expenses and administrative expenses, excluding equity incentives and amortization of intangible assets, which is close to Non-GAAP net profit in connotation and equivalent to "net cash flow from operating activities" in amount.

According to this calculation, in FY 2017, the non-GAAP profit margin of Ali e-commerce business was 61.6%.

Internet companies in China are engaged in various businesses, such as portals, games, social networking, OTA, and e-commerce … Among them, many of them have a gross profit of over 50%, but few people have heard of them with a revenue of over 100 billion and a non-GAAP net profit margin of over 50%. For example, in the fiscal year ended December 31, 2016,Tencent’s non-GAAP net profit was 66.863 billion, and its non-GAAP net profit margin was 44%. While that in JD.COM is only 0.4%.

More than 130 billion revenues and more than 80 billion net cash inflows, as the backbone of Ali’s ecology, the core e-commerce business is extremely strong and growing.

2) Three expenses

The gross profit of a typical Internet company is quite high, generally above 70%. But whether it is profitable in the end depends on the product cost, market cost and administrative cost. The total cost of Qunar.com and 58 cities has exceeded 100% of revenue!

In fiscal year 2010, Ali’s three expenses totaled only 4.5 billion, and reached 45.6 billion in fiscal year 2017, with a compound annual growth rate of 39.2%.

However, in fiscal year 2010, the three expenses accounted for 67% of revenue, while in fiscal year 2017, they only accounted for 29%. This is the so-called "scale effect".

Because the financial report discloses the related expenses of e-commerce, cloud computing, digital media entertainment and innovative business, it is difficult for the outside world to know the allocation of these expenses in various businesses. butTo be sure, as far as e-commerce business is concerned, the proportion of three expenses to revenue will be lower..

3) "big horse-drawn car", no blame.

The 2017 financial report discloses the benefits of four sections (EBITA), only the core e-commerce sector makes money, and the three sectors of "cloud computing", "digital media entertainment" and "innovative business" all lose money.

In Q2 of 2015, the three "loss-making sections" EBITA totaled 1.53 billion, and in Q1 of 2017 it rose to 2.56 billion. During the eight quarters, it burned a total of 16.67 billion.

Nowadays, the imagination of cloud computing and digital media entertainment has even been recognized in the capital market, with less than 20 billion yuan burned and the market value soaring by 100 billion US dollars. From the point of view of valuation alone, this more than 10 billion burned value.

More importantly, burning two or three billion yuan in a single season seems like a lot, but the "robust" e-commerce business can easily bear this "drag". In Q1, 2017, the total loss of the three loss-making businesses was less than one-sixth of the e-commerce business EBITA (13.8%）。

　

Again, Internet companies are not afraid of burning money, and it is good to "burn money" within a controllable and affordable range.

A big horse-drawn cart is blameless, but a small horse-drawn cart is in danger.

[Information] Founded in 1995, Auto is a high-tech private enterprise listed in Hong Kong. This article is a brief introduction to the relevant information of BYD’s production and sales models in 2009-2010.

● Introduction of BYD factory

At present, BYD has three main factories producing automobiles, which are located in Xi ‘an, Shenzhen and Changsha. Xi ‘an factory is located in Caotang Science and Technology Industrial Base (including engine factory) in Xi ‘an High-tech Zone at the northern foot of Qinling Mountains. Since 2005, it has mainly produced F series, S8 series and G3 series, and L3 will also be produced in Xi ‘an. Shenzhen factory headquarters is located at No.3001, Hengping Highway, Pingshan, Shenzhen (including engine factory). It was opened in 2007 and currently mainly produces F0 series and F trains.

● Introduction of BYD’s production capacity in 2009

In 2009, BYD’s production capacity reached 500,000 vehicles. Among them, the production capacity of Xi ‘an plant is 300,000 vehicles, and the annual production capacity of Shenzhen Pingshan Automobile Base is 200,000 vehicles.

● BYD sales in 2009

BYD sold 448,396 vehicles in 2009, an increase of 162.40% compared with the sales of 170,880 vehicles in 2008.Among the annual sales of nearly 450,000 vehicles, nearly half of them are the achievements of F3.

● The output will reach 800,000 vehicles by the end of 2010.

In 2010, BYD’s sales target was 800,000 vehicles. According to the previously published data, BYD’s production capacity in 2009 was 500,000 vehicles, which was not enough to support the sales target of 800,000 vehicles in 2010.

Therefore, BYD will continue to improve production efficiency this year (by increasing production shifts, etc.) to achieve the purpose of increasing production capacity, so as to strive to achieve the sales target of 800,000 vehicles by the end of the year.

In the sales plan for 2010, F3 series is still the most important vehicle, with 270,000 vehicles planned to be sold, F0 plans to sell 150,000 vehicles, F6 and G3 undertake the sales task of 100,000 vehicles respectively, and dual-mode electric vehicle F3DM and convertible S8 are expected to sell 10,000 vehicles. A total of 170,000 new cars L3, I6, G6, M6 and S6 will be sold next year.

● BYD expansion project in 2010

With the increase in the number of new cars, the production capacity of the current two BYD factories is far from enough. Now BYD has started to build and expand new factories to meet the strong production plan.

"BYD Shenzhen factory is about to expand"

● Construction of BYD’s new factory

1. In order to meet the market supply, BYD has started the construction of the Second Factory in Xi ‘an, with a total investment of 5 billion yuan, covering an area of 4,500 mu, adding 400,000 vehicles and auto parts. Xi ‘an No.2 Factory is expected to put the vehicle project into production in the first half of 2011, and complete the production capacity of 400,000 vehicles, engines and parts in 2013. By then, BYD Auto’s two plants in Xi ‘an will form an annual production scale of more than 700,000 complete vehicles and key parts.

2. The equipment installation project of Shenzhen Pingshan Painting Phase II started in May 2009, and about half of the whole construction project has been completed; Part of the equipment infrastructure construction in the second phase of punching and welding has been basically completed, while the rest is under intense construction and will be completed and delivered soon; The preparatory work for the third phase of the punching and welding project has been completed, and construction has started as scheduled; The third line of final assembly has entered the final debugging stage.

3. The Changsha factory was just acquired by BYD in 2009. It is located near Hunan Environmental Protection Science and Technology Park and Hongxing Flower Market of South Bus Station. It is expected to mainly produce vans and buses in the future.

Therefore, before the completion of the new factory, BYD’s production capacity will be improved in 2010, but it will remain within 800,000 units (No.1 factory in Xi ‘an+Shenzhen factory), and the production capacity may exceed one million units by the end of 2013 (700,000 units in Xi ‘an+300,000 units in Shenzhen factory).

● New car outlook

BYD L3

L3, which has attracted much attention from the industry, will be launched after the Spring Festival. It will be powered by 1.5L and 1.8L displacement engines, and the 1.8L model will also be equipped with a transmission. The electric car e6 will also be put into production with the Shenzhen factory. At the same time, BYD’s subsequent new car planning also includes F2, F5, S1, S3, M3 and so on.

Generally speaking, to increase the sales volume greatly in 2010 mainly depends on the addition of new models. Of course, F3 series is still the cornerstone of BYD’s automobile sales. BYD is a key manufacturer of environmental protection brand among its own brands. Besides F3DM, pure electric vehicle e6 will also be put on the market this year for government, public utilities or taxi fleet. (Text/car home Wang Wei)

　　Zhongxin. com, Hangzhou, May 19 (Guo Qichen, Zhang Yuhuan) On the evening of the 18th, with a loud noise, a pedestrian overpass in Hangzhou was hit by a truck and collapsed. For a time, it was hit by the overpass and the road was "stopped". Fortunately, there were no casualties at the scene. On the 19th, Hangzhou Public Security Bureau announced that as of 6: 50 on May 19th, the scene of the accident at Qiutao intersection of Qingchun Road was cleared and traffic resumed. At present, the accident is under further investigation.

The picture shows the scene of the accident. Wang Gang

　　On the evening of 18th, Hangzhou Public Security Bureau issued a police report saying that at about 22: 26 on May 18th, when Ma Moumou (male) was driving a large truck named Anhui SB62** in Qiutao North Road in Hangzhou from south to north passing through Qingchun East Road, the southeast side of the footbridge collapsed due to the collision of vehicles with high loads. Up to now, there have been no casualties. After the accident, the public security organs and rescue forces immediately rushed to the scene for disposal. The driver of the accident has been under the control of the police.

The picture shows the staff carrying out on-site repair and cleaning. Wang Gang

The picture shows the scene of the accident. Wang Gang

　　At 23: 30 on the 18th, the reporter rushed to the scene of the incident, and the bridge body of the collapsed part of the footbridge was still pressed at the end of the red truck. According to a taxi driver who was passing by at that time, two large trucks passed by the road section at the time of the incident, and the cargo was of arched steel frame structure, and the cargo height was significantly higher than the height limit of the overpass. "The first big truck made a loud noise when it passed the overpass. I didn’t expect the second car to hit it directly. At that time, the speed was not fast."

　　Witnesses at the scene told reporters that after the front part of the big truck passed through the overpass, the super-high part of the cargo was pushed to the overpass, and the bridge collapsed and pressed the vehicle after violent vibration.

　　Witnesses recalled that two cars just passed by at that time, but fortunately, the vehicles directly passed through the gap between the bridge and the truck, causing only a slight rub.

The picture shows the scene of the accident. Wang Gang

The picture shows the scene of the accident. Wang Gang

　　Afterwards, the traffic police implemented bayonet diversion measures on the surrounding road sections. The reporter learned from the traffic police at the scene that in order to resume traffic as soon as possible, the scene is being actively repaired and several engineering repair vehicles have arrived at the scene. "But the difficulty is that there is a viaduct above the pedestrian overpass, so the crane can’t lift the collapsed overpass smoothly, and it is difficult to repair it."

　　After a night of accident treatment, the bridge was finally hit and transported away from the scene by a trailer. As of 6: 50 on the 19th, the scene of the accident was cleared and traffic resumed. (End)