Reduce costs and increase efficiency, continuously improve efficiency, and achieve profitability in the rapid growth of KK Group

  "Benefiting from a number of policy supports in expanding domestic demand and promoting consumption, the consumer market continues to improve." Recently, media reported that 21 brokerages are optimistic about big consumption. Not long ago, Industrial Securities overseas consumer industry research analysts released an industry tracking report "KK Group: A Trend Retail Group Winning with Products + Stores + Digitalization", which has attracted much attention from the market. Data show that since KK Group submitted its prospectus, many brokerages have released industry research reports. 

  The above report believes that China’s trend retail market will grow at a compound growth rate of 19.5% from 2020 to 2025, and the market size is expected to reach 475 billion yuan in 2025. With its advanced digital information technology system, KK Group has effectively realized the improvement of operational efficiency by optimizing location selection, product selection, logistics chain management, inventory management and other supply chain links, thus driving the steady growth of the company’s performance. 

  The report shows that the compound annual growth rate of GMV of KK Group in 2018-2020 is 246.2%, and the GMV of its main brand KKV in the first half of 2019, 2020 and 2021 is 97 million yuan, 1.156 billion yuan and 1.367 billion yuan respectively. 

  Trend retail, as a popular track of new retail, has been favored by capital in recent years, but the industry is facing challenges under the influence of the epidemic, and some companies have lowered their performance expectations. Can KK Group withstand the test of the epidemic and achieve steady improvement in performance in the face of adversity? Under the test of the epidemic, KK Group, which has impacted the "trendy retail leading" of Hong Kong stocks, has conveyed to the market and investors what kind of efficiency improvement methods? 

  Optimize the supply chain to continuously reduce costs and achieve "zero supply and consumption" three wins 

  Trend retail refers to a new retail model characterized by the unique concept and style of products, creative and fashionable entertainment functions in design, and immersive shopping experience. 

  As a representative of the rapid rise of the industry, KK Group has created the ultimate aesthetic space design with the insight of the current Generation Z consumer’s main force on the appearance and social needs, opened up the self-communication of KK Group’s brands on social media, and "open source" for the company’s performance growth. At the same time, KK Group also achieved effective "throttling" by effectively managing the supply chain system. According to public data, KK Group’s management fees continued to decline from 2018 to 2020, reaching 29.9%, 24.2%, and 17.1% respectively. In the first half of 2021, the management fee was only 8.4%, a year-on-year decrease of 13.1 percentage points. 

  KK Group said in the prospectus that the company has simplified the layers of the supply chain through a supply chain management system and manufactured its own-brand goods by sourcing directly from third-party brand partners or hiring OEM and ODM contractors to reduce supply-side costs. 

  From the prospectus data, KK Group’s own brand products have seen significant growth in recent years. The proportion of the company’s revenue from purchasing its own brand products from OEM and ODM contractors has increased from 1.4% in 2018 to 13.4% in 2021. 

  On the other hand, KK Group’s control of supply-side costs includes innovative mechanisms such as "buyout system, 0 mid-platform fees, and shortening account period". 

  The "buyout system" refers to the direct purchase of products from brand suppliers by way of buyout for a certain product. For KK Group, this move can not only ensure the supply of products, but also reduce the operating costs of suppliers stably, allowing consumers to buy high-quality and cheap products. 

  The "0 mid-platform fee" means that in the process of product selection, listing, and sales, suppliers do not need to pay entry fees, stacking fees, listing fees, promotion fees, and new product fees to KK Group, which allows suppliers to have more security in terms of capital flow, better investment in new product research and development, and effectively guarantees the SKU update frequency of KK Group. 

  In addition, unlike the long account period of traditional supermarkets, the buyout system adopted by KK Group is mainly based on monthly accounts and has a short account period, which further relieves the financial pressure on suppliers. The results show that this new "zero supply" relationship can motivate suppliers to cooperate more actively with KK Group and provide more advantageous cooperation conditions. In addition, due to the joint efforts of KKV, THE COLORIST colorist, and X11 brands under KK Group, more and more brands are willing to launch new products, limited editions, or joint models in KK Group’s stores, which also attracts more brand loyalists and young consumers to pay, thus forming a virtuous circle in the new retail era. 

  Industry insiders believe that KK Group’s optimization of supply chain management is a "win-win" model for the company itself and its suppliers, and this "win-win" zero-supply relationship will ultimately benefit consumers, truly achieving a "zero-supply-consumption" three-win. 

  Technology deeply empowers and improves operational efficiency 

  In order to further enhance operational efficiency, KK Group has also integrated technology and digitalization into the optimization and upgrade of the company’s supply chain management system. 

  Since its establishment, KK Group has attached great importance to the bottom-level driving role of technology. Whether it is KK Pavilion, KKV, THE COLORIST colorist or X11, since the establishment of these brands, the company has made a strategic layout with technology to meet the trendy retail needs of young people "love beauty, love play and love life". 

  In the supply chain system, KK Group has independently developed a number of new "sharp tools" that empower retail consumption by technology, such as the KPOS system that provides services for every key scene of store operation, the KVCM system that visualizes shelf display management, and the WMS system that provides warehouse operation management. Leading technology not only supports the company to analyze a large amount of product sales data, but also effectively assists it to effectively apply digital and intelligent methods in daily operations, thus effectively enhancing every operation link. 

  At the product selection end, KK Group adheres to the "digital product selection mechanism", that is, the listing and removal of products are determined by big data, and the technical team behind it provides all-round support and guarantee for each single product, avoiding human intervention caused by subjective preferences and interests that may occur in the procurement process. On this basis, KK Group is able to achieve accurate selection and efficient update iteration of high-quality products. 

  It is understood that KK Group adopts the "last elimination system" for its products, and the product update rate is as high as 30% -50%. The limited physical space continues to generate infinite vitality, and consumers can also have a better shopping experience, which brings about higher conversions. It is not difficult to see that KK Group’s early strategic investment in IT systems has begun to bear fruit, and the scale effect of KK Group is gradually emerging. 

  With cost reduction and efficiency increase, the company’s profitability continues to improve 

  For retail companies, maintaining optimum inventory levels is crucial to company stability, and KK Group cannot escape this. Thanks to the efficient supply chain system and logistics system, KK Group’s inventory turnover days have been significantly optimized. 

  According to the data disclosed in the prospectus, as of June 30, 2021, the total inventory of KK Group reached 985 million yuan. This seemingly huge number is expected to be turned around in a few months through the company’s efficient supply chain system. 

  At present, the company’s inventory turnover days have dropped from 301 days in 2019 to 150 days in the first half of 2021. At the same time, the proportion of the company’s inventory to the total value of current assets has also dropped from 52.0% in 2019 to 34.6% in the first half of 2021. Among them, the increase in supply chain cost reduction has brought about an improvement in inventory turnover. 

  It is worth mentioning that some people in the consumer retail industry believe that, in light of KK Group’s emphasis on product display and space aesthetics, the company’s large inventory may be scattered among major stores, rather than centralized storage in warehouses. 

  As of the end of October 2021, KK Group has 680 stores. According to this simple calculation, the inventory value scattered in each store is less than 1.50 million yuan, which is normal for offline stores with more than 20,000 SKUs. 

  In fact, the benefits of an optimized supply chain management system are obvious to all. 

  Its prospectus shows that in 2018-2020, KK Group’s GMV was 188 million yuan, 652 million yuan, 2.254 billion yuan, and the growth trend was obvious, while the GMV in the first half of 2021 almost caught up with the whole year of 2020, achieving 2.213 billion yuan; in addition, in 2020, KK Group adjusted ebitda to positive, achieving 68 million yuan in 2020 and 216 million yuan in the first half of 2021. 

  It is worth noting that KK Group’s gross profit margin has also improved significantly, from 27.1% in 2019 to 30.4% in 2020, and further to 35.9% in the first half of 2021. 

  In terms of sub-brands, since the successful incubation of KKV and THE COLORIST colorists in 2019, the operating profit and EBITDA have always been positive. Among them, KKV has performed well. In the first half of 2021, KKV achieved an operating profit of 140 million yuan, EBITDA reached 235.70 million yuan, and the EBITDA rate rose to 22.5% from 18.2% in the same period last year. These are mainly due to KK’s continuous optimization of the procurement process. Some third-party institutions believe that the GMV of KK Group is expected to reach 4.50 billion in 2021. 

  In the opinion of industry experts, after the overall expansion of KK Group in recent years, its performance has not been dragged down, but has instead shown a healthy development trend. Regarding the IPO progress that the media has paid more attention to, Hong Kong capital markets professionals believe that due to the current semi-annual report data statistics node, the update of KK Group’s prospectus has been delayed. However, on the basis of the company’s stable performance growth, the continued optimism of the large consumer track, and the gradual recovery of the Hong Kong stock market in the second half of this year, I believe that KK Group will update the prospectus as soon as possible and continue its journey to listing.

What are the novel and interesting "black technologies" on world internet conference when you meet another self?

  Economic Daily-China Economic Net Wuzhen November 8 (Reporter Wang Wanying, Yang Xiufeng) The 5th world internet conference was held in Wuzhen, Zhejiang Province from November 7 to 9. The reporter came to the "Light of the Internet" Expo held in the same period and found many novel and interesting "black technologies". Let’s take a look with the reporter’s lens.

  Meet another self

  At this conference, there are many high-tech products that combine big data processing, face recognition and feature retrieval.

  Finding someone who looks similar to himself in the vast sea of people is like looking for a needle in a haystack. On the Aauto Quicker booth, the reporter experienced the feeling of finding another self once. Standing in front of the camera, after counting down for 3 seconds, the photo he just took and a person who looks very similar to himself appeared on the left and right screens respectively. Wang Yuying/photo

  Ignoring the eye of the city, it integrates advanced technologies of face recognition, portrait comparison, human body recognition and video structuring, and initially provides intelligent retrieval and upgrade for the public security video surveillance system. As long as the audience approaches the camera range, they can identify information such as gender and age. Wang Yuying/photo

  "After identification, your voiceprint is 95% similar to the voice of Fu Cha Rong in Story of Yanxi Palace. Its voice is charming, and its person is gentle, supple and lovely." In the experience project of "voiceprint recognition" of Tongdun Technology Co., Ltd., the reporter tried to read a passage according to the prompt of the system. According to the recording, the system automatically analyzed the most matching degree between the reporter’s voiceprint and Fucha’s voice, and also analyzed the characteristics of the voice in detail. "Yang Xiufeng/photo

  Standing in front of the "Changed Xiaowei" body fat detection machine, users can know how obese they are, which index exceeds the standard and how much it exceeds the standard through facial scanning and background big data calculation … … At the same time, this cool machine will make corresponding health analysis according to the measurement results, provide users with intuitive health risk assessment in time, and improve everyone’s attention to physical health. Yang Xiufeng/photo

  Internet conference turns into "auto show" in seconds.

  Automotive black technologies such as driverless cars and wireless charging cars have appeared in the Internet conference, which once made the audience mistakenly think that they came to the auto show.

  This Baidu driverless car is the driverless car "Apollon" officially mass-produced at the second Baidu AI Developers Conference on July 4 this year. The reporter learned that the "Apollon" body is 4.3 meters long and 2 meters wide, with 8 seats and 14 people (including 6 stations). Using pure electric power system, the top speed can reach 120 kilometers per hour, and it can travel about 100 kilometers when fully charged. Wang Yuying/photo

  BMW booth, a 5-Series plug-in hybrid vehicle supporting wireless charging, attracted the attention of many viewers. Just drive the car on the black wireless charging base, and you can start the charging mode immediately. During the charging process, you can also use the mobile App to remotely control and view the charging situation. According to BMW’s relevant personnel, "this should be the world’s first wireless charging vehicle, which can be filled in 4 hours." Wang Yuying/photo


  Intelligent walkers’ unmanned road sweeper "Woxiaobai" can realize intelligent functions such as automatic obstacle avoidance, autonomous tracking, fixed-point start and stop, and autonomous sweeping. Operators can monitor the unmanned road sweeper safely in the duty room. Wang Yuying/photo

  Nezha Auto’s new concept new energy vehicle under Hezhong New Energy has a solid sense of design technology. Wang Yuying/photo

  Remote transmission technology intelligent shopping cart "small follower", you can follow the "owner" to run. It is understood that each "minivan" can carry 30kg, which is widely used in delivery services such as baggage handling in high-speed railway station airport and supermarket shopping guide, and can also be independently charged by solar energy when used outdoors, saving energy and protecting the environment. Wang Yuying/photo

  Online Education homework help demonstrated geography teaching through AR, and related contents such as meteorological phenomena, hydrological environment, universe and planets were displayed after the reality was enhanced, which was very interesting and shocking. Yang Xiufeng/photo

Trump’s police reform has made it difficult for the United States, the police and the people to stand in opposition.

  On June 16, local time, US President Trump signed an executive order to adjust the US police practice and qualification standards. The executive order made a statement on the large-scale protests by the American people against police brutality and racial discrimination in the past month, which meant that the government would "conform to public opinion" and make police reform.

  However, the American media pointed out that the administrative order did not explicitly prohibit some violent law enforcement methods that the people strongly demanded to abolish, and the police system it proposed to improve law enforcement standards was actually "encouragement" rather than restraint. Public opinion believes that the reform of the executive order signed by Trump is weak, and it supports the reform in the open, but it is still a supporter of the police’s tough law enforcement in the dark.

The Washington Post pointed out that the administrative order of police reform signed by Trump is full of formalism.

  The executive order is to encourage, not to require, the law enforcement of throat lock has not been abolished.

  Trump told reporters that this executive order will help the police departments in the United States adopt the highest standards to serve their communities. The order stipulates "practice and qualification examination" and "information sharing of police behavior" to avoid employing police officers with bad records and to track down police officers who have committed misconduct in law enforcement.

  However, the media pointed out that the executive order failed to clearly respond to some key issues, such as the standard and justification of the use of force mentioned in the executive order, but only "encouraged" its implementation; In addition, regarding the law enforcement means of throat lock, the administrative order has not explicitly abolished it, but indicated that it is generally unavailable, but it can be used in the case that "the law allows the use of lethal force".

  The police surrounded Trump and called him "selfless" and "brave"

  A number of media pointed out that although the signing of this executive order was caused by African-American Freud’s violent law enforcement by white police, the families of the victims were not invited to attend Trump’s signing ceremony. On the contrary, many military officers and police union personnel were surrounded by Trump. This seems to mean that Trump will never touch these law enforcement officers on which he relies, and how to reconcile the "social problems that deeply split the country" is still far away.

  In the signing ceremony speech that day, after Trump mentioned the pain experienced by the relatives of the victims, he immediately began to praise the American police for being "brave and selfless" and said that "Americans all know that if there is no police, chaos will occur." The media pointed out that Trump’s signing of this executive order is full of formalism, and he obviously does not want to risk angering law enforcement departments, because these are an important part of his conservative political foundation.

The Washington Post pointed out that Trump "does not want to risk angering law enforcement because it is an important part of his conservative political foundation."

  Serious problems minimize the police’s mental illness

  Public opinion generally pointed out that Trump’s executive order made no mention of how to solve the systematic racism problems among law enforcement personnel and comprehensive policy changes. However, these issues are crucial to criminal justice reform. Kendall Thomas, a law professor at Columbia University, believes that Trump did not mention any commitment to serious changes in his executive order, but only focused on police training rather than community safety. Thomas believes that the purpose of Trump’s executive order is only to maintain the status quo, and the moderate reform in accordance with the new provisions of the executive order will only make the police force stronger.

  Trump has always stressed that police misconduct is a "case" and the number is "very small". Rachel Bako, professor and vice president of criminal law at new york University Law School, believes that this shows that Trump fundamentally refused to admit the existence of the problem in the first place. Bako said that the entire law enforcement system is supportive of those police officers who use violence excessively. Trump has neglected this systematic problem, and the executive order has completely ignored or even mentioned the morbid psychology in the police system and the opposition between the police and the people.

USA-Today pointed out that Trump’s executive order made no mention of how to solve the systematic racism problem among law enforcement personnel and the need for comprehensive reform.

  The reform of "thin soup and little water" must be intensified by administrative order.

  On the day Trump signed the executive order, Schumer, the minority leader and Democrat of the Senate, immediately said that Trump’s executive order was "scanty soup and scanty water" and "unable to bring the comprehensive and meaningful changes and accountability required by the American people to American law enforcement agencies."

  Earlier, the Police Justice Law submitted by the Democratic Party on June 8 called for a major reform of the police system, which explicitly required that police officers be prohibited from using frequently abused methods of law enforcement and arrest, such as lock throat and "no knocking at the door", and at the same time required local police departments to send data on the use of force to the federal government, and made a funding plan to allow state attorneys general to conduct independent procedures to investigate police misconduct or excessive law enforcement. In addition, the proposal will abolish the legal principle called "conditional immunity", and the police can no longer be exempted from civil litigation. These contents are not reflected in the newly signed administrative order.

USA-Today pointed out that there are a large number of people in the United States who can’t stand what the police have done.

  David Kennedy, a professor of criminology at john jay College of the City University of new york, said that the current executive order is far from enough to make practical changes. Kennedy said: "People think it may be a little helpful, and now it is not enough to provide just a little help." Kennedy said that the emotions and resistance expressed by the American people in the past few weeks are unprecedented, and their attitude towards American law enforcement departments has also changed dramatically, which shows that a large number of people in the United States can no longer stand what the police are doing.

Wang Chen: My heart is still China’s heart.

  "The change of a paper’s nationality will never change the strong flavor of Beijing in me, or the fact that I was cultivated by China. My heart is still China’s. The Beijing Olympics is the pride of Chinese people all over the world. I wish Beijing well and cheer for the Olympics. " -Wang Chen

  BEIJING, Aug. 5 (Xinhua) According to the American Overseas Chinese Weekly, the American Olympic Committee recently announced a list of events to participate in the Beijing Olympic Games. In the list, five Chinese athletes were selected, including China-born table tennis player Wang Chen, which attracted the attention of many table tennis fans and people familiar with Wang Chen.

  Anyone familiar with table tennis knows Wang Chen’s position in China’s national women’s table tennis team in the last few years of the last century. Wang Chen has won nearly 30 women’s singles titles in her career, including professional tour, Asian Cup and World Table Tennis Championships. Among them, in 1997, Wang Chen won the women’s team championship for three consecutive times in cooperation with Deng Yaping, Wang Nan, Li Ju and Yang Ying at the 44th World Table Tennis Championships held in Manchester, England. Wang Chen, who became famous in the early 1990s, was once regarded as the most potential newcomer of China team after Deng Yaping and Qiao Hong. She is one of the few tall players in the China team. She has defeated all the first-team players such as Deng Yaping and Qiao Hong, and has maintained a technical advantage over the younger generation of players Wang Nan, Li Ju and Yang Ying for a long time.

  Now, as a Chinese athlete, a former world champion, a former main member of China’s national table tennis team and now a main member of the American women’s table tennis team, Wang Chen has been selected as the American Olympic delegation and will soon participate in the 2008 Beijing Olympic Games.

  At present, Wang Chen runs a table tennis club named after himself in the Upper West Side of Manhattan, new york. I have obtained the qualification to represent the United States in the Olympic Games held in Beijing. Wang Chen said indifferently that he was lucky to realize his Olympic dream at the age of 34. For the 34-year-old Wang Chen, this will be her last fight in the international table tennis competition, and it will also be a perfect curtain call for her personal career. With many questions about the former national player’s naturalization in the United States and curiosity about the eight-year struggle history of the United States and the story of Beijing’s Olympic dream, the reporter came to the table tennis club in Wang Chen as promised.

  At 1 o’clock in the afternoon, it was the time for lunch and lunch break, and he came to a small office of the table tennis club named after him. At this time, Wang Chen was being interviewed by local news media in new york. After our interview was delayed for about 15 minutes, Wang Chen appeared in the reporter’s field of vision.

  Olympic dream of Beijing

  Talking about the Beijing Olympic Games, Wang Chen seemed very excited and excited. "It is a rare opportunity for every athlete to get tickets for the Olympic Games, and this Olympic Games is held in Beijing, so I will take part in whatever I say," Wang Chen told reporters with a smile.

  In order to compete for the Olympic qualification, Wang Chen traveled around the world nonstop to participate in various tournaments to collect points. According to the regulations of ITTF, the top 20 athletes in the world will automatically get seats in the Olympic Games. Wang Chen is currently ranked 29th in the world, but Wang Chen can be ranked 14th because of the rule that only two players can be submitted by one country. From this, Wang Chen automatically won the seat of the Olympic Games.

  Regarding getting a seat in the Olympic Games, Wang Chen said that he has been an athlete for most of his life and has never let go of his love for table tennis. It is his first time to participate in the Olympic Games and he is really excited to return to his hometown. At the same time, Wang Chen also feels lucky.

  During Wang Chen’s eight years in the United States, Wang Chen not only didn’t give up table tennis, but also worked harder than before. She changed her raw rubber playing method to two-sided anti-rubber attack to give full play to her height and arm length. Tactics have obviously become more flexible than before, and the murderous look has also increased. She has won the women’s singles championship in the North American Championship for the United States many times.

  From 1993, 19-year-old Wang Chen made a blockbuster in the women’s singles final at the Seventh National Games, competing with Deng Yaping, who was in full swing at that time, to now representing the United States in the Beijing Olympic Games. After 15 years of table tennis career, Wang Chen finally realized his life wish and participated in the Olympic Games this summer.

  My heart is still China’s heart

  When it comes to the "Overseas Corps", which is controversial by Chinese people, as one of them, Wang Chen didn’t feel embarrassed. Wang Chen said that it was only his love of table tennis that kept him going. At present, the women’s team in China has particularly advanced technology, so it can’t pose a threat to the women’s team in China in the Olympic Games to switch to other national teams after retiring from China. In fact, in recent years, the "Overseas Corps" has never posed a direct threat to the China table tennis team’s gold medal, and the Chinese people have lost a lot of criticism.

  What will happen when the reporter puts forward the assumption that he will meet China athletes at the Beijing Olympic Games? Wang Chen said that table tennis has already transcended national boundaries, and in recent years, he has returned to China from time to time to compete, learn from each other and practice with China team members. Everyone has a deep friendship with each other. Ask again, if you meet China athletes during the Olympic Games, will your heart change? She said, "After all, this year’s Olympic Games will be held in Beijing, and the atmosphere will naturally be very warm. However, every time I meet a player from China, my hands are tight and I am easily influenced and distracted by the audience. It is possible that my heart is still because of China’s heart. "

  When it comes to the prospect of Olympic achievements, Wang Chen seems very calm. Wang Chen said that in the United States, unlike China, there is systematic training and preparation for war, and it can only be self-reliant. She now represents the Dutch club in the European League and warms up for the Olympics through the competition. Speaking of the event, Wang Chen said that the Olympic women’s table tennis singles competition is a strong dialogue, without high expectations, and it is a fight. As for the women’s team, the US team is still promising to compete for medals. After all, there are two people, Gao Jun and me. Except for China, no team can guarantee to win both of us.

  Wang Chen is very excited about returning to Beijing. She said that Beijing now is very different from Beijing where she used to live, and every time she returns to Beijing, she is very novel and excited. The change of my own nationality will never change the strong smell of Beijing in me, or the fact that I was cultivated by China. My heart is still China’s. Beijing Olympic Games is the pride of Chinese people all over the world. Bless Beijing and cheer for the Olympic Games.

  Sweet and sour, eight-year trip to America

  In 1999, Wang Chen, who was only 25 years old, chose to retire because there was no more room for promotion and development in the women’s table tennis team in China. In the year after retiring, she has not found a suitable way out for various reasons. At that time, my sister was running a fur business in New Jersey, USA. With her sister’s help, she applied for special talents to immigrate to the United States. Now Wang Chen’s sister has returned to China to settle down, while Wang Chen has stayed in the United States to develop. 

  Wang Chen said frankly that when he first came to the United States, he wanted to give up the cause of table tennis completely, engage in a brand-new job and create a new future. Later, it was found that there are many die-hard fans and fans of table tennis in the United States, many of whom are Americans and many immigrants. One of the die-hard fans is Jerry, the owner of her current club? Jerry Wartski. Jerry also completely changed the fate of Wang Chen.

  Jerry, 77, is a big fan of table tennis. Engaged in real estate work in new york in his early years. In 2002, when Wang Chen began to teach Jerry, Jerry already owned a table tennis club on the Upper West Side of Manhattan, new york, and later named it after Wang Chen.

  Knowing Jerry can be said to be a turning point in Wang Chen’s life in America. When I first arrived in new york, Wang Chen once offered to work as a temporary worker for Jerry, with an income. Jerry sternly refused. He said, "No, you are a China champion, an American champion or a world champion. I can’t let you be a temporary worker. You must stay in the arena." To this, Wang Chen is very emotional. She said that Jerry gave me a platform to continue my favorite table tennis career in the United States.

  Through several years’ hard work, Wang Chen Table Tennis Club has become more and more famous in Manhattan, and many celebrities include Keanu, the hero of The Matrix. Reeves and mcenroe, the "bad boy" in tennis, are frequent visitors to Wang Chen Table Tennis Club. For the present results, Wang Chen did not show pride. She said that I have learned a lot from eight years of living in the United States, which is my greatest gain.

  Love in the swimming pool

  Zhou Yue, Wang Chen’s husband, is a native of Xi ‘an. He studied in Xi ‘an Institute of Architecture and Engineering, and now he is studying for a master’s degree in environmental engineering at Columbia University, and has passed the examination of a professional certified real estate appraiser in the United States.

  She met her husband Zhou Yue in the swimming pool of Columbia University. At that time, I often went to Columbia swimming pool to practice because I couldn’t swim. One day, I felt that I could never teach myself. I had to ask someone else. I found a man who was very proud of breaking waves in the water. I thought, why don’t you ask him? So I swam over, and the first thing I asked him was, "Do you speak Mandarin?" He stood in the water and said, "I’m from mainland China and Xi ‘an. I also taught myself from teaching CDs." Then we started talking. Slowly, our contact will be more, and the circle of Columbia University is very small, so we will get familiar with each other when we get together frequently.

  In July, 2004, at the US Open, Zhou Yue rushed to watch the game in Wang Chen, and Wang Chen lived up to expectations and won the women’s doubles championship with Liu Jia, the former sister of the Beijing team. A few months later, Zhou Yue took out a carefully selected Tiffany diamond ring worth more than 6,000 US dollars and formally proposed to Wang Chen. Both parents were quite satisfied with the background and personality of the two young people. Soon after, Wang Chen and Zhou Yue registered to get married in new york.

  After eight years of ups and downs, Wang Chen has gone through years with great difficulties. Besides Wang Chen’s own hard work. In the United States, Wang Chen is lucky. With table tennis as a link, she has been helped by good people from different classes. (Zou Bin)

Editor: Lu Wei