分类归档 zudao

On the evening of June 15, Huang Zitao "2019　IS BLUE Concert "was held in Shanghai. The concert was well attended that night. With the blue support of nearly 10,000 people, Huang Zitao opened his own music world.

Original single Live debut partner Top band ignites blue orgy

On the night of the concert, accompanied by a rather ceremonial countdown light show, Huang Zitao opened the concert with a song "Beggar", which slowly rose from the center of the stage, and the super music rhythm set off a craze on the stage, officially kicking off the concert. Subsequently, tracks such as "Underground King", "HATER" and "Misunderstanding" were sung one after another. Huang Zitao showed off his rap strength and full-blown stage performance, awakening the hot blood cells of every fan on the scene. Then a gentle and tactful "Tao-style love song" "Nineteen Years Old" was paired with neon lighting effects, and the romantic interpretation of the song was vividly expressed in one mirror to the end.

At the same time, Huang Zitao unlocked the live premieres of four new songs "No effort, no gain", "Wrong", "AI" and "You will miss me too". Among them, "No effort, no gain" made netizens shout "magical brainwashing" due to the ear-grabbing melody and catchy lyrics. "AI", which has been loved by fans since the release of the sound source, has been lovingly performed by Huang Zitao on the spot and became the best single LIVE in the audience. It is worth mentioning that in this concert, Huang Zitao’s partner top band has newly edited some songs. With the strong and dynamic backing track form, it has given the song a fresh texture and completed a super-burning blue carnival together.

Dance beauty design high matching to create top fashion brands custom special styling

This concert adopts an advanced hardware configuration mode, striving to create a shocking and cool "musical-style" dance beauty visual effect. Around the five chapters of the concert curtain forest, prism, pixels, no puppets, and stone sea, the main screen adopts a geometric structure, and uses screen projection technology to present various visual changes. Through projection dynamic capture technology, music is turned into a story, integrating Huang Zitao’s blue world.

In terms of stage styling, Huang Zitao participated in this concert with Moschino, GCDS, Loewe, Vetements, Balmain, KOCHEIn cooperation with many top international brands, many sets of costumes in the concert are previews of unreleased Fashion Week shows. Among them, the well-known French trendy brand KOCHE specially customized the stage shape for Huang Zitao’s concert, using the best sports street style and contrasting color splicing to spell out the words "TAO" with artificial crystals, which can be said to be full of heart.

Huang Zitao’s emotional tears Tasman surprised himself and danced a magical dance

At the concert last night, Huang Zitao’s pet fan was level 10. Not only did he interact with fans and take photos at the scene, but before returning at the end of the concert, he carefully prepared a review video of his seven years with fans as a special surprise part of the concert. At the end of the video, Huang Zitao handwritten a confession "together with the waves", and many fans at the scene were moved to tears.

Later, Huang Zitao wrote a new song "You Will Be Like Me" for fans as an encore track. During the encore performance, Huang Zitao once choked up tears, which made fans feel distressed. In addition, Huang Zitao’s official character "Taosman" appeared in surprise at this concert. Not only did he perform in the same frame as Huang Zitao, but after the concert, he also danced the magic dance "You Will Be Like Me", which was broadcast on the spot as the end of the little easter egg, which made fans cry cute.

At present, the most crucial thing is to stop the bleeding of Hengda, stop allowing its risks to accumulate and spread, and at the same time, we should preserve good evidence to lay a good foundation for future accountability through the rule of law.

Author | Li Wei

Source | Caixin

Li Wei

Professor of Economics, Cheung Kong Graduate School of Business

Director of the Case Study Center of Cheung Kong Graduate School of Business

Director of the Big Data Economics Research Center of Cheung Kong Graduate School of Business

Vice President of Asian Markets

On September 24, 2023, China Evergrande Group (referred to as Evergrande) issued an announcement saying that "in view of the ongoing investigation of Evergrande Real Estate Group Co., Ltd. (the main subsidiary of the company), the current situation of the group cannot meet the eligibility for the issuance of new notes".

Public information shows that Hengda is in a serious insolvent situation. At the end of 2021, the end of 2022 and the end of June 2023, the company’s insolvent gap is 473.10 billion yuan, 599.10 billion yuan and 644.20 billion yuan respectively.

Judging from this set of data, Evergrande has not "stopped the bleeding". What should be done for such a large real estate company that is in crisis and the situation is rapidly deteriorating?

Market-oriented solutions

The current situation of Evergrande is not optimistic. If the government does not intervene in this crisis and the market comes up with a solution, then there are only two outcomes. One is that Evergrande goes bankrupt, and the other is that market-oriented institutions acquire and integrate Evergrande without the help of the government.

Let’s look at the first outcome. Logically, this is the most likely outcome if Evergrande’s crisis continues to worsen. If Evergrande does go bankrupt, what consequences will we face?

In principle, companies, like people, no matter how big or small they are, will die one day without much fuss. However, the reality may be much more complex than we think, especially for large companies with a wide range of implications.

A classic example of this is the impact of the collapse of Lehman Brothers Holdings Inc. during the 2008 financial crisis.

In 2007, the pressure on financial marekts caused by falling house prices became increasingly obvious, and a series of Financial Institution Groups began to experience insolvent problems, but the overall situation was still under control.

After entering 2008, the situation took a sharp turn for the worse. Lehman, the fourth largest investment bank on Wall Street, began to thunder continuously, and the problem of insolvent gradually appeared. At that time, there was a huge disagreement in the whole society on whether the government should rescue Lehman.

In fact, the government also wanted to raise resources to rescue Lehman, because Lehman was one of the core nodes of the US financial network, but it was ultimately concerned about moral hazard (moral hazard refers to the fact that under the condition of asymmetric information, the responsible economic actors do not bear the full consequences of their actions. For example, Lehman took excessive risks in the course of its operation, making money for himself, and losing money can be required for government rescue based on its importance), and gave up the rescue.

The collapse of Lehman Brothers brought the financial crisis to a climax, causing the largest crisis in the US economy since the Great Depression.

The government’s abandonment of the Lehman bailout quickly escalated the financial crisis, but if Lehman is bailed out, it is likely to exacerbate moral hazard in the financial system in the future. As moral hazard builds, it will only be a matter of time before a larger financial crisis erupts.

The failure of Lehman’s self-rescue brought an unexpected result, which was the successful self-rescue of Merrill Lynch (Merrill Lynch for short).

Merrill Lynch is the third largest investment bank on Wall Street. As the parties discussed how to rescue Lehman, John Thain, the last Chief Executive Officer of Merrill Lynch (CEO), who participated in the discussion, immediately realized that Merrill Lynch had a similar problem. If it did not act immediately, then Merrill Lynch would be the next Lehman.

In order to save himself, Thain contacted Bank of America and sold himself to the latter for $50 billion, thus avoiding the end of Lehman.

In fact, from the perspective of game theory, the decision of the US government not to rescue Lehman, a Financial Institution Group that was so large that it had systemic risks, was somewhat random.

This means that the government will eventually rescue the vast majority of Financial Institution Groups that may cause systemic risks, but it should not let the market know the government’s trump card when choosing to give up a Financial Institution Group that can detonate systemic risks to curb moral hazard.

After all, there is a huge social cost to detonating systemic risk.

Government intervention solutions

The above describes the situation of relying on the market to solve the crisis, but in fact, when a major crisis occurs, the government will intervene more or less. Here are three examples according to the degree of government intervention.

First, the government only plays a coordinating role, and it is mainly handled by market forces.

The most typical example of this is the crisis resolution of Long-Term Capital Management (LTCM).

Founded in 1994, LTCM is a hedge fund specializing in highly leveraged carry trades.

LTCM became famous for its outstanding performance once it was established, but in 1998 LTCM suffered a huge loss. Due to LTCM’s highly leveraged trading strategy, its counterparties included many Wall Street Financial Institution Groups, so the crisis of LTCM once led to a possible systemic crisis in financial marekt. To avoid this dangerous situation, the Federal Reserve Bank of New York convened many Wall Street Financial Institution Groups to discuss ways to rescue LTCM. Finally, many Wall Street Financial Institution Groups raised $3.625 billion to rescue LTCM. The Wall Street Financial Institution Group’s investment not only saved the LTCM from the verge of collapse, but also eliminated its threat to the entire financial system.

During the entire incident, the Federal Reserve Bank of New York played a convening and coordinating role, but it did not provide capital or guarantee, and its intervention in the market was limited. It mainly relied on market forces to solve problems.

Second, the government provides some funds for rescue, but the main transactions are still completed by market institutions. A more typical example of this is the handling of Bear Stearns by the Federal Reserve Bank of New York in 2008.

Bear Stearns is the fifth largest investment bank on Wall Street and a very important Financial Institutions Group in the US financial system.

In order to prevent the collapse of Bear Stearns from hitting the entire financial system, the Federal Reserve Bank of New York coordinated JPMorgan Chase’s acquisition of Bear Stearns. In the process, the Federal Reserve Bank of New York funded the purchase of Bear Stearns’ assets for $30 billion, which helped to complete the entire acquisition.

In this deal, the government offered real money to rescue the problem company, but the amount was relatively small and only played a supporting role. The big problems were still solved by the market itself.

Third, the government fully intervened to take over the companies at risk, a classic example of which was the handling of Silicon Valley Bank by US regulators in March 2023.

Silicon Valley Bank, a bank whose main customers are high-tech companies, experienced a severe run in March 2023 because it did not do a good job of risk management. Fearing that panic would spread and trigger a chain reaction, the US Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) acted together and quickly intervened in the crisis.

After regulators took over Silicon Valley Bank, the FDIC announced an unlimited guarantee on all deposits, breaking the previous limit of $250,000. For Silicon Valley Bank, the regulator ousted all its executives and zeroed out the equity value.

From this series of actions, it can be seen that the government took a comprehensive intervention approach in response to the crisis of Silicon Valley Bank, taking complete control of the company, which is the deepest form of government intervention.

How can we resolve the Hengda crisis as soon as possible?

The above discusses different ways to resolve the crisis from the perspective of the market and the government. What is the significance of this for us to deal with Evergrande’s problems?

Here is the first thing to say, some people may say that the examples mentioned above are all Financial Institution Group, Evergrande is a real estate developer, not Financial Institution Group, there are substantial differences between the two.

Indeed, Financial Institution Groups, especially those large Financial Institution Groups that are at the heart of the financial system, often have a direct and huge impact on the entire system, even the macroeconomy, so once these institutions are in crisis, they are often prone to systemic crises. This is the case we saw in the Lehman bankruptcy.

Institutions with systemic risk are often large Financial Institution Groups, but systemic risk is not the patent of large Financial Institution Groups. All institutions that have a direct and huge impact on the economy and finance as a whole are institutions with systemic risk. Evergrande is one of them.

There are three reasons for this.

First of all, the real estate itself in China belongs to the giant industry, and its upstream and downstream implication is very wide, from steel and cement to home appliance decoration, some studies believe that these industries together ** the country’s gross domestic product (GDP) ratio may be close to 30%;

Second, real estate is closely linked to the financial system. When real estate goes wrong, the land market will soon follow. A large amount of financing in China is based on land and real estate as collateral. Once the value of these collateral shrinks, the risk will immediately spread from real estate to the financial sector;

Finally, Evergrande is a typical leader in the real estate industry, and its survival has a significant impact on people’s views on the entire real estate industry, and even on China’s economy.

Evergrande is so important, so how should we handle the current crisis?

First, Evergrande’s self-rescue seems to be very difficult to succeed. Evergrande has been in danger for two years. If self-rescue can work, we don’t need to discuss whether to rescue Evergrande today.

Second, use a market-oriented approach to solve Evergrande’s problems.

First, let Evergrande go out of business. This is difficult because Evergrande is a company with systemic risk. Second, let other companies in the industry merge and acquire Evergrande. This is a better approach because real estate is a sector with a certain technical threshold, and companies in other industries do not easily learn how to run a developer efficiently in a short period of time.

But there are two difficulties here, one is that Hengda’s scale is too large, in 2020 before Hengda’s accident, Hengda’s housing sales area was as high as 80.86 million square meters, ranking first in the country; the other is that Hengda has been suffering for a long time, and no one knows how big a hole there is. The resources required to acquire such a giant company may not be what a developer can have.

Third, the government intervened to rescue Evergrande.

First, the government only plays a coordinating role, allowing companies in the industry to acquire Evergrande, or establish a consortium, with money, such as the Financial Institution Group, and powerful contributions, such as developers. However, as mentioned above, this path is currently not feasible.

The second is that the government provides a small amount of funds, and then joins social funds to jointly acquire Hengda. This method is better, but the coordination cost is higher.

The third is for the government to directly take over Evergrande. This approach is the simplest and most straightforward, and can control the spread of risk in a short period of time. But the biggest problem is that the government does not know how to run a real estate developer well, and it is still such a huge and opaque developer.

From the current situation, each plan has advantages and disadvantages. Rescuing Evergrande, no matter what method, will create a certain moral hazard, but because Evergrande is a company with systemic risk, this forces us to compromise.

Rescuing Evergrande requires two resources, one is technology and the other is funding.

The government and some large companies outside the industry have capital but no technology, and companies in the industry have technology but no capital. Therefore, the best way is to form a consortium and give full play to their respective strengths.

But the drawback of this is also obvious. How to assemble a suitable team is very difficult, which takes time, but whether Evergrande’s crisis has left us enough time is something we don’t know. A direct government takeover can immediately stop Evergrande’s bleeding, but subsequent operations are beyond the government’s ability.

But this approach is not completely impossible. In this regard, we can still learn from the treatment of Silicon Valley Bank by US regulators. On March 10, 2023, US regulators took over Silicon Valley Bank. Just 16 days later, the regulatory bank found the next home for Silicon Valley Bank – First Citizens Bank (First Citizens BancShares).

Many people now have an understandable sense of anger towards Evergrande, especially those who paid for a house but couldn’t get it.

In the future, even if we rescue Evergrande, it will not be all bailouts. We should rescue homebuyers who cannot get houses and suppliers who do not get the money, but we should let Evergrande’s equity go to zero, most of its debt is impaired, and all executives are dismissed, just like the way US regulators handled Silicon Valley Bank.

But the most important thing at the moment is to stop the bleeding of Evergrande and stop allowing its risks to accumulate and spread. At the same time, we should preserve good evidence to lay a good foundation for future accountability in a rule of law manner. Looking at the overall situation, the government should find a way to take over Evergrande as soon as possible.

　　It has been a full ten years since the current regulations on the management of passenger taxis in Hangzhou were revised and implemented in 2007. With the changes in the market environment, especially the emergence of new business formats such as online car-hailing, many provisions of the regulations are no longer suitable for the needs of industry development and management under the new situation, and need to be revised urgently. On October 30, the sixth meeting of the Standing Committee of the 13th Hangzhou Municipal People’s Congress reviewed the "Hangzhou Passenger Taxi Management Regulations (Revised Draft) " (hereinafter referred to as the Revised Draft). Compared with the old regulations with 37 articles in 9 chapters, the revised draft is 67 articles in 6 chapters, which can be called a "fundamental overhaul". The most significant change is undoubtedly the inclusion of the content of online car-hailing.

　　In addition, on November 7 at 2 pm, the Hangzhou Municipal People’s Congress Legal Committee will hold a legislative hearing on the Hangzhou Passenger Taxi Management Regulations (Revised Draft) at Xinqiao Hotel, No. 226 Jiefang Road. If you have corresponding suggestions, you can sign up. You can register by phone (87557141), fax (87557315) or email (1839192974@qq.com).

　　The business license is changed from closed to open

　　Compared with the original "Regulations", the revised draft proposes "legally holding the right to operate a specified number of taxi vehicles" on the conditions for the operation license of cruise vehicles, but does not set a specific number.

　　Fan Jianjun, director of the Municipal Transportation Bureau, explained to the Standing Committee of the Municipal People’s Congress on the revised draft, saying that considering the large differences in the development of the taxi industry in Hangzhou districts and counties (cities), if the specific number is limited, it is difficult to take into account fairness. Therefore, the revised draft will leave the lower limit of the number of operating rights held to local governments to decide, and the operating license will be changed from closed to open, which is more in line with management reality.

　　Taking into account the difficulty of obtaining operating licenses for some franchise holders due to the lack of the required number, the draft amendment also stipulates that the government can organize the establishment of taxi service management companies to provide management services to such franchise holders.

　　The age limit for drivers has been relaxed to 65

　　The draft amendment stipulates that vehicles engaged in passenger taxi business services in Hangzhou shall obtain passenger taxi transportation licenses, including cruise taxi transportation licenses and online rental car transportation licenses. Online car-hailing requires the installation of satellite positioning devices with driving record function and emergency alarm devices that meet the standards, and the information must be able to be transmitted to the competent authorities in real time.

　　The revised draft introduces unified qualification management for drivers driving cruise cars and online car-hailing. As long as they obtain a passenger taxi driver’s license, the licensed personnel can move freely between the cruise car company and the online car-hailing platform. This system design is the first in China.

　　The revised draft incorporates provisions in departmental regulations that are closely related to passenger safety, such as "no violent crime, no drunk driving record", and also liberalizes the age limit to 65 years old.

　　Rejection is divided into five situations

　　The amended regulations particularly emphasize that taxi operators shall keep strictly confidential the information of drivers, riders and passengers collected during the operation process, and shall not provide it to third parties except as required by laws and regulations.

　　For the refusal behavior, according to the type of vehicle, there are five specific situations:

　　1. After being greeted by passengers to stop, no passengers will be carried;

　　2. Refusing to carry passengers when an empty car is waiting to be rented in a public place;

　　3. After actively soliciting passengers, refusing to carry passengers;

　　4. Selecting passengers in the operating area by means of self-determined operating destinations, etc.;

　　5. Failure to fulfill the agreement after accepting phone or online appointments.

　　If the above situation occurs, the driver will be fined 300 to 3,000 yuan, and the taxi driver’s license will be seriously revoked.

　　Our reporter, He Sheng

Xiaomi magnetic wireless power bank opens the reservation, the price is 199 yuan. The product details show that the magnetic wireless power bank is a magnetic power bank or a vertical wireless charging, specially designed for iPhone 13/12 series.

The rated capacity of Xiaomi Magnetic Wireless Power Bank is 2800mAh (5V/2.4A), which can be brought on the plane. If you need to use it with a case, you need to match it with the official.Protective case.

When traveling, it is a magnetic wireless power bank: when using on the desktop, gently put it down for a second to become a vertical wireless charger. Double charging experience, super practical.

The power bank can also wirelessly charge the mobile phone when it is self-charging. You can charge it if you want, and keep it fully charged at all times.

Designed for iPhone 13/12 series users, it supports magnetic wireless charging function, no need to press the button to automatically charge. 10N super magnetic attraction, still charging with shell.

Large capacity, as the second battery of the iPhone 13, can get an additional 85% of the power, go out all day without worrying about the power problem.

In addition to the wireless discharge function, there is also a Type-C interface that can be wired for charging, which can provide 12W MAX wired charging for iPhone. At the same time, it has the input capacity of 20W MAX, and it can complete self-charging in 2.2 hours.

　　　　　　　On January 6, the 2018 Reading Super IP Festival was held in Shanghai. Hu Ge, Huang Xuan, Zhang Ruoyun, Yang Mi, Wu Lei and other artists attended the event. That night, Hu Ge revealed in advance on the red carpet that he would have important content to say after going on stage. When asked if there would be any leaks, he humorously replied: "I usually don’t break the news, I usually get leaked." When it comes to the plan for 2019, Hu Ge said that he wants to leave more time for himself in 2019. "Part of it is for himself, and part of it is for what he wants to do most, but I will not disappear. Don’t worry."

　　At the ceremony, when talking about the characters he has created, Hu Ge believes that all characters will become a part of life. "Some characters may be a reflection of my life’s past, and some characters will become a pursuit goal in my life. There is no doubt that Guo Jing’s role is the most important goal. First, he will always adhere to morality and be fearless of adultery; second, he is a true hero. He cares about the world and the country and the people. I may not reach his height in my life, but he will always be my goal."

　　Hu Ge also mentioned that Jin Yong encouraged him during the lowest period of his life, "I am very grateful to Mr. Jin Yong. As we all know, I encountered a low point in my life when I was filming’Condor Shooting ‘. At that time, Mr. Jin Yong gave me 16 words. I will always remember that he wrote’After the great difficulties, I will achieve great success, continue to work hard, and eventually achieve great success.’ These 16 words were not only very meaningful to me at that moment, but also now or in the future." Hu Ge said with emotion, "In fact, there must be many ups and downs in a person’s life. Let’s call it’difficult ‘for the time being. Every’difficult’ we have to face, accept, and go through. When you go through it, it is your small achievement, and continue to work hard. These four words will accompany me forever."

　　When it comes to Guo Jing, who he once played, Hu Ge admits that he wants to live Guo Jing’s appearance off the screen, "I don’t think the Guo Jing I created is perfect, but I don’t think it’s okay. I didn’t create a perfect Guo Jing on the screen, but I can make him my life’s pursuit goal off the screen, and I make myself Guo Jing’s appearance." As for the new year’s plan, Hu Ge said, "In 2019, I want to leave more time for myself, part for myself, and part for what I want to do most, but I won’t disappear. Don’t worry."

On the evening of May 7, Huawei officially launched the Ascend P7 in Paris, which will be open for booking from tomorrow. The global price is 449 euros (about 3,899 yuan), and the national bank price is 2,888 yuan.

When it comes to hardware configuration, Huawei P7 uses a 5-inch 1080p screen, 6.5mm ultra-thin body, 1.8GHz HiSilicon Kirin 910 quad-core processor, front 8 million + rear 13 million pixel dual camera, 2GB RAM + 16GB ROM, built-in integrated 2500mAh battery, support 4G LTE network.

In particular, Huawei P7 has developed a series of interesting accessories, such as a perfect match with Huawei smart bracelet, which can monitor sleep quality, manage sports fitness data, have functions such as mobile phone anti-theft management, remote photography, and even bind the key and mobile APP through the bracelet to help quickly retrieve the key hidden in the corner. At the same time, Huawei Ascend P7 also has a variety of exquisite accessories to choose from, such as various color protective cases, flip smart protective cases, etc.

At present, P7 is available in three colors: black, white and pink, with a global price of 449 euros. It will be sold in more than 30 countries and regions such as the Chinese mainland and Hong Kong, the United Kingdom, Germany, Italy, France and Spain in May. Other markets will be listed one after another.

In the Chinese market, Huawei P7 will launch three standard versions of Mobile, Unicom and Telecom, and plans to start pre-sale simultaneously at 10:00 am on May 8 in Huawei Mall, JD.com, Tmall Huawei Flagship Store, Suning.com, Gome Online, No. 1 Store, and Amazon.

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On February 20th, this website reported that at present, the two flagship models of Avita’s Avita 11 and Avita 12 are in the midst of the intensive national delivery process. Affected by factors such as hot sales, the delivery process of Avita 12 has fallen behind user expectations. In this context, Avita held a "meeting this moment" user meeting in Chongqing. Chen Zhuo, president of Avita Technology, and Yong Jun, assistant vice president, visited the scene to communicate with users face-to-face, saying that the delivery volume of Avita 12 will hit 8,000 units in March.

At the event site, Chen Zhuo, president of Avita, first expressed his sincere apologies to users who failed to pick up their cars in time during the Spring Festival, and explained the tight production capacity caused by the hot orders after the launch of Avita 12. He said that in February, Avita will take advantage of the Spring Festival holiday to work overtime to adjust the production line and expand production capacity, and strive to achieve the delivery target of 8,000 units in March to accelerate the meeting of user expectations.

Avita’s user-centered development concept has always been well received by users, and the excellent quality of the Avita 12 model has pushed the user’s reputation to a new height. It is reported that Avita 12 brings together the advantages of Changan Automobile, Huawei, and Ningde Times in their respective fields. It has three core advantages of top intelligence, top design, and top luxury space. It has 12 industry-first and only strong configurations at the same level, redefining the new standard of luxury in the era.

Avita 12’s appearance and intelligent strength are both, and it has achieved excellent performance in the market. Less than a month after its launch, the order of Dading exceeded 20,000. Moreover, since the official delivery of Avita 12 in December, 2004 units have been delivered in only 20 days, successfully ranking among the top of pure electric cars above 300,000. This achievement not only proves that consumers love Avita 12, but also reflects its high cost performance and advanced technology widely recognized in the market.

It is worth mentioning that, with its excellent product strength, Avita 12 won the "2023 Global Car of the Year Award" at the 2023 Global Car Annual Ceremony. You know, this award has been deeply cultivated in the automotive industry for 10 years and has high authority in the industry. And Avita 12 can stand out in the fierce competition of 54 new models, leading the luxury brand flagship model and domestic popular model with the first place in the audience, fully demonstrating its strong market influence and the unique charm of future intelligent luxury cars.

Next, it is believed that Avita will continue to maintain a high-efficiency, high-level, and high-speed evolutionary state, focusing on users’ real car needs, and continuously promoting the intelligent strength upgrade of Avita 12 and other models. Moreover, Avita is making efforts to promote channel construction, believing that in the near future, it will bring users more diverse and more pleasant product choices.

1905 movie network news　On January 14, the film premiered in Beijing. Director Mai Qiguang and actors,,,, and Zumbit attended the post-screening scene to share their behind-the-scenes shooting experience with the audience. The film will be released nationwide on January 19.

"Temporary Robbery" is an absurd and humorous crime comedy, telling the story of the gangster Mei Lantian (Guo Fucheng, played), the taxi driver A Jun (Lin Jiadong, played), and the nursing home social worker Murong Hui (Ren Xianqi, played) who accidentally formed a team to rob. Three decadent middle-aged people are involved in a storm in order to track down a huge sum of money they stole.

Speaking of this role, Guo Fucheng said that Mei Lantian is the type of gangster he has never played before, with a black humorous sense of humor. "How can I present a different gangster? When I read the script, a buck-toothed Guo Fucheng suddenly smiled at me," so he suggested that the director use buck teeth to make the character more three-dimensional, and the director agreed. Guo Fucheng revealed that he will wear buck teeth to practice his lines at home. Sometimes when he speaks too hard, the buck teeth will fly out. He has to constantly find the rhythm of the characters’ speech and amuse the audience in his gestures.

In the film, Lin Jiadong plays a middle-aged man, Ah Jun, who faces the difficult relationship between mother-in-law and daughter-in-law and the pressure of life. Some audience members expressed their empathy and presented him with a manual book "How to Deal with the Relationship between Mother-in-law and Daughter-in-law". Lin Jiadong said that he is still single and can’t use it, so he forwarded it to Guo Fucheng and Ren Xianqi. Guo Fucheng humorously said that he is familiar with these rules in his heart, and Ren Xianqi transferred the book to the younger generation Zengbit.

Mr. Ren, who plays Mr. Murong-hui, the "Cainiao" who follows the bandits. He says he has played many villains since "The Big Incident." When the director approached him, he wondered if he was going to play the bandits again. Later, he found out that he was going to play the little guy in the market. To show the hardships of the characters’ lives, he said, "I took the lyrics of’Too Soft Heart ‘to the extreme: If the good guys can’t do it well, the bad guys can’t do it either."

Zhang Keyi, who plays the Kusa female police detective in this film, is obsessed with handling a big case. This is her first time playing the role of a police officer, trying to challenge action scenes such as shooting and blasting. Zhang Keyi revealed that she bought insurance for this and also broke through psychological barriers. Singer Zembit made his big screen debut with the film, playing the big thief, and he thanked the director for teaching him how to act during the filming of this "film newcomer".

　　With the approaching of the Spring Festival in the Year of the Loong, people are more and more eager to go home. Air tickets are too expensive, and high-speed trains can’t get tickets. Many people choose to go home by car. Traveling in winter, choosing a new energy vehicle with long battery life and high performance has become the key to a long journey. With excellent endurance and strong power, the M5 can easily cope with all kinds of road conditions, and is undoubtedly the ideal partner for young people to return home in winter.

　　1400+km long battery life, bid farewell to the anxiety of replenishing energy.

　　Endurance has always been one of the most worrying issues for new energy users, not to mention traveling in winter. But for M5, there is no need to have these concerns. In the case of full fuel and electricity, the four-wheel drive version CLTC of the M5 intelligent driving version has a battery life of up to 1265km, and the rear-wheel drive version has reached an astonishing 1425km. Whether it’s a long journey across the north and south or a short trip in the suburbs, the M5 can meet your needs. Even if you return home across provinces, the long cruising range greatly reduces the number of times of recharging, which makes users easily get rid of the anxiety of endurance and makes your way home more secure. Not only that, the charging of the M5 is also very efficient. In just 45 minutes, the power can be quickly charged from 20% to 80%. In the time of a cup of coffee, the M5 can be "full of blood".

　　Huawei is empowered, and it can be smooth and steady in winter travel.

　　I have been wandering outside for a whole year. During the Spring Festival holiday, migrant workers want to release their inner passion and forget the pressure of work and life on weekdays. If you want to have a carefree travel experience, you can’t do without a powerful travel partner.

　　Wenjie M5 is equipped with HUAWEI DriveONE three-in-one electric drive system, which provides unparalleled driving experience for migrant workers. Its maximum power can reach 365kW, the peak torque is as high as 675N·m, and the acceleration of 100 kilometers takes only 4.4 seconds, which makes you feel passionate, whether it is the silky overtaking on the expressway or the first step in the congested road section.

　　Under the complicated road conditions in winter, driving needs to face multiple challenges. As a "treasure performance car", with its excellent performance strength, Wenjie M5 can not only be comfortable on the expressway, but also easily cope with all kinds of complicated road conditions in winter. In the face of icy, snow-covered roads, many vehicles will feel inadequate and have a strong sense of bumps when driving. The Wujie M5 is equipped with HUAWEI DATS dynamic adaptive torque system, which provides a stable driving experience for drivers and passengers. The system can reduce the impulse feeling before driving by 31% and the bump feeling by 46%, and even when driving on the snowy and icy road, it can maintain the stability of the body posture.

　　In addition, thanks to the blessing of the million-level all-aluminum chassis, the Wujie M5 has excellent cushioning effect on bumpy roads and speed bumps, giving perfect consideration to sports performance and comfort. The design of the front double wishbone and the rear multi-link independent suspension makes the M5 reduce the body shaking feeling during driving, and maintain better stability and smoothness under different driving conditions.

　　Before the arrival of the Spring Festival, in order to thank the majority of users for their support, the customer M5 specially launched a surprise gift package, so that users can buy this high-quality new energy vehicle at a more favorable price. If you buy M5 before January 31st, you can enjoy the rights package with a maximum value of 52,000 yuan, including 12,000 yuan for interior and exterior decoration and 15,000 yuan for technology enjoyment package. For users who choose the smart driving version, they will be given an additional 20,000 yuan of Huawei ADS 2.0 urban NCA smart driving package matching rights and benefits, and enjoy 5,000 yuan of insurance subsidies. In addition, users who have made up their minds now only need to wait for 2 ~ 3 weeks to mention their cars, so they don’t have to wait for a long time.

　　During the Spring Festival in the Year of the Loong, the reporter M5 accompanied the migrant workers to enjoy a safe and comfortable trip home and became the best partner on the way home. No matter when and where, you can gallop and move forward without worry, adding endless laughter and happiness to users’ journey, and marching towards a new year with hope.

　　[Pacific Auto] In 2024, L officially unveiled the mystery. As a brand-new mid-level car, Qin L positioned between BYD and made up the gap between the two cars, reaching 2790mm, and equipped with BYD’s latest technology, which has the advantages of stronger power, lower fuel consumption and less emissions. The estimated price is about 120,000.

　　In terms of appearance, L inherits the classic aesthetic modeling of the dragon face of Wangchao. It melts the dragon face into the car body and realizes the evolution of the dragon face.

　　The front face lines are extremely tough, and the Long Lin-shaped front grille is distributed in a lattice. The LED headlights on both sides are more narrow and sharp, and they are more harmonious with the front grille, further enhancing the sense of advanced.

　　On the side of the car body, Qin L adopted a slip-back design, showing a "wide-body, low-lying" posture. The two simple main lines of the car body outline the trend of the dragon, and the roof lines are full and smooth, extending a dynamic slip-back shape.

　　At the rear of the car body, the through taillight design is continued, and the "Chinese knot" is used in the internal modeling, which is more recognizable and advanced. The slightly upturned tail not only echoes the front face, but also highlights the sense of strength.

　　In terms of body size, the length, width and height of Qin L are 4830/1900/1495mm respectively, and the wheelbase is 2790mm, which brings spacious and luxurious driving space.
　　In terms of interior, Qin L’s interior design is inspired by China landscape painting, and the agility of oriental landscape and technology are combined to create a "landscape painting cockpit" with elegant style.

　　The overall layout is still simple and fashionable, equipped with 8.8-inch embedded LCD instrument and 15.6-inch rotatable central control panel, equipped with DiLink intelligent network connection system, supporting intelligent cloud services, full-scene digital keys, 3D panoramic transparent chassis system, intelligent voice continuous dialogue, wireless charging of mobile phones and intelligent power-on and power-off functions.
　　A large area of flexible sponge is covered under the double-color seat, which brings better physical support to the rider and won’t feel tired after long-distance driving. At the same time, the sound insulation of Qin L has also been upgraded, including noise reduction and sound insulation schemes for the front cabin, front wall, side wall, door, rear wheel cover, trunk and battery pack.

　　In terms of chassis, Qin L adopts front and rear E-type four-bar independent suspension, giving consideration to handling performance and comfort. After Qin L is listed in the future, it will form a large and small Qin dual-car pattern with Qin PLUS, radiating the A+ market and further expanding the market share for BYD brand. The starting price of the new car will be more than 120,000 yuan. Will he become your car choice? (Photo/Text/Photo: Pacific Auto Huang Yudong)