BYD’s DM-i hybrid technology is now a household name. Why can it stand out among the hybrid technologies of a large number of automobile brands? As we all know, BYD’s hybrid cars have a history of more than ten years, and as early as 2008, a plug-in version of F3 was introduced. So why does today’s DM-i make BYD’s sales increase greatly, and what is the difference from the early hybrid technology? Let’s analyze it in detail from three aspects: motor, internal combustion engine and hybrid mode.

16,000 rpm motor and blade battery

DM-i is the abbreviation of Dual Mode-Intelligente dual-mode intelligence. Compared with the previous hybrid technology, it pays more attention to the use of motor, which is a hybrid technology of "electricity-oriented", with high-power motor drive, large-capacity battery power supply and internal combustion engine as the supplement, subverting the traditional hybrid "oil-oriented" design, which is a concept that really makes the fuel vehicle transition to new energy. In the past, the plug-in hybrid model was a fuel vehicle because the battery life was too short, and most people rarely charged when driving.

While BYD’s DM-i pays more attention to electrification. The maximum speed of the motor it carries is 16,000 rpm, with the highest efficiency of 97.5%, and the high-efficiency interval with efficiency exceeding 90% reaches 90.3%. Compared with the thermal efficiency of the fuel vehicle of about 40%, the energy utilization rate of the motor is higher. Because the instantaneous torque of BYD’s single permanent magnet synchronous motor exceeds 310Nm, it can completely replace the internal combustion engine, such as Song PLUS DM-i, which accelerates 100 kilometers.

The motor is equipped with a blade motor that has been safely verified in BYD’s pure tram. Combining the thermal stability advantage of lithium iron phosphate battery core, the blade structure makes up for the shortcoming of low energy density in Ferrous lithium phosphate, which achieves ternary lithium energy density and is safer. At present, the blade battery of DM-i has two capacities, of which the 8.3-degree version brings a cruising range of 51 kilometers; The 18.3-degree version brings 110 kilometers of battery life, of which 110 kilometers of battery life is close to Hongguang MINI EV, and commuters in urban areas can drive in pure electric mode.

1.5L hybrid engine with 43% thermal efficiency

After electrification, BYD developed Xiaoyun plug-in hybrid engine specially for hybrid vehicles. Taking the 1.5L self-priming version as an example, the braking thermal efficiency (BTE) is as high as 43%, which is the key to fuel economy. In order to achieve a record thermal efficiency, the engine has several core technologies.

First of all, compared with turbocharging, naturally aspirated air has a lower intake temperature, which can increase the compression ratio of the engine. By using pistons and connecting rods with higher strength, the compression ratio of Xiaoyun engine is as high as 15.5:1, which exceeds Mazda’s famous 14:1 (European version) Chuangchi Blue Sky engine. In the process of supercharging and compression ratio, in order to prevent knocking, the intake valve is opened in advance in the compression process through the variable timing mechanism of intake and exhaust valves, so as to solve the problem of cylinder pressure, make the expansion ratio greater than the compression ratio, and the larger expansion ratio converts more energy from heat to useful mechanical energy, thereby increasing the thermal efficiency.

This fuel-saving method brings the problem of low power density. The torque at low speed is very low. The torque of a turbine engine with the same displacement can reach 300Nm, while the peak torque of this engine is only 135Nm, and it needs to reach 4,500 rpm to explode. It is obviously not enough to drive the whole vehicle alone, but when it is used in a hybrid vehicle, the low speed is completely driven by a motor, so there is no problem of low starting torque.

Another advantage of blending is that the engine parts are electrified, and the traditional front engine parts drive system, such as air conditioning compressor, mechanical vacuum pump and mechanical water pump, is cancelled, which further reduces wear and improves efficiency. Cooperate with variable displacement oil pump to reduce oil resistance during cold start.

Xiaoyun hybrid is the first time BYD has installed split cooling for the engine. By measuring the temperature of cylinder head and cylinder block on demand, accurate cooling effect can be provided to achieve the optimal operating temperature of the engine, especially in winter, which can reduce heat loss, shorten the engine preheating time after cold start by 20% and reduce the fuel consumption of hot cars.

Four completely different driving modes

DM-i is mainly powered by electricity. When the power is sufficient, it is driven by pure electricity in urban areas, especially in traffic jams. The starting torque of the motor is large and it is easy to change lanes and overtake.

In the second case, the power is insufficient, the driving computer automatically switches the HEV series mode, Xiaoyun internal combustion engine enters the power generation mode, and the motor is still responsible for driving.

In the third case, if you are driving on a mountain road or want to experience the abundant hybrid power, you will enter the HEV parallel motion mode at medium and high speed (above 60km/h), and the motor and internal combustion engine will drive the car at the same time.

The fourth is high-speed cruise driving, which is directly driven by a 1.5L internal combustion engine. This is the stage with the highest engine efficiency, just like the 90km/h high-end and low-speed of an ordinary fuel vehicle. Although driving at high speed, the fuel consumption is low.

Car detective’s point of viewByd changed the early hybrid internal combustion engine, and then added the "chicken ribs" of the motor. DM-i started from three aspects: hybrid internal combustion engine, blade battery and high-efficiency motor, and developed a hybrid car from zero, forming a pure electric drive form, without endurance anxiety. Even if the power is fed, the fuel consumption per 100 kilometers is only 4-5L, which really reduces the car cost. What do you think of BYD DM-I technology? Praise, comment and attention are our greatest encouragement, thank you!

Geely Automobile has lost another place in the field of small cars. On September 14th, Geely announced the pre-sale price, ranging from 78,800 yuan to 107,800 yuan, with five configuration versions. See here, maybe you will ask, this price, I might as well choose or?

Don’t worry, brother Miao will analyze this car for you. Maybe its functional configuration design can meet your car purchase needs.

What are the highlights of new car design?

As an electric hatchback compact car, Geely Star wishes to have a compact body with the dimensions of length, width and height of 4135*1805*1570mm and the wheelbase of 2650mm, which is in line with the standards of small cars. Then the design elements of Geely Xingyuan are also more rounded, and the shapes of the front and rear light groups also echo each other.

The needs of young people are diversified, and Geely Xingyuan also provides consumers with seven body colors to choose from, including vanilla rice, basil green, raspberry powder, milk cover white, mousse silver, truffle ash and sea salt blue, and it is matched with the black upper body to create a two-color body effect. Geely Star is willing to design this way, obviously to meet the needs of young people to buy cars. If it were you, which color would you prefer?

Walking into the car, you can see that Geely Star is willing to use a lot of screens, equipped with Flyme Auto intelligent cockpit system, with a central control large screen size of 14.6 inches, built-in Flyme Auto car system, and supports functional applications such as Hicar and CarLink. Then, in terms of materials, Geely Xingyuan used leather materials in the center console, seats, door panels and other positions. There are two colors of interior materials: Tianjing White and Wizard of Oz Green. As for the seat layout, Geely Star would like to adopt a five-seat layout. Moreover, the occupancy rate is 85%, and there are 36 storage spaces.

In terms of driver assistance configuration, Geely Xingyuan comes standard with lane departure warning system and active braking system, while lane keeping system and lane centering system need to be optional. In addition, Geely Star is willing to have airbags in front of the main and auxiliary drivers, and airbags on the side of the car, which are standard in the whole system, and the whole system is equipped with system, equal and constant speed cruise configuration.

As for the power system, Geely Xingyuan is a new car based on a brand-new platform, equipped with an 11-in-1 intelligent electric drive and a battery pack. This is the Aegis short knife battery developed by Geely Automobile. The longest cruising range under CLTC conditions is 410km, and there is a 310km cruising version. In terms of chassis, Geely Xingyuan comes standard with independent suspension. And the minimum turning radius is only 4.95m m.

How to choose the five versions?

Through the analysis of vehicle types, we can see that Geely Xingyuan has many standard functional configurations, and the convenience of daily car use is guaranteed. After Geely Star is willing to enter the market, the competing models it faces, as mentioned at the beginning, mainly include BYD Seagull and Wuling Bingo.

Compared with the same class models, Brother Miao thinks that consumers who pay attention to safety performance can focus on Geely Xingyuan. After all, as you can see, this car comes standard with airbags and driver assistance functions, and driving safety is guaranteed.

Brother Miao, let’s talk about how to choose among the five versions of Geely Xingyuan. First of all, let’s look at the battery life. The battery life of this car has two versions: 310km and 410km. If you want to go further with a full charge, or use it for a longer time, of course, the long battery life version is better. If you usually commute to work in the city and it is convenient to charge, the 310km battery life version is also ok.

In the 310 battery life version, if your car purchase budget is limited, the entry version is also worth considering, that is, the 310km youth version. After all, Geely Xingyuan has more standard functional configurations, and the convenience and safety of using the car at ordinary times have been guaranteed. As for the 310km Dream Edition, there are many optional configurations, including electric tailgate, tailgate memory, system, transparent image system, etc. If there are, it will make the life of car use more convenient and suitable for novice drivers, but for old drivers, without these configurations, it will basically have no impact on daily car use.

Let’s look at the 410km battery life version again. The difference between the free version and the dream version is mainly reflected in some optional configurations, systems and transparent image systems. On the contrary, from the practical point of view of configuration, Brother Miao is more willing to recommend the Exploration+version to everyone, because a series of optional configurations are all available, so there is no need to consider whether to choose or not. Of course, this version is a top match, so the price level is relatively higher.

Conclusion:

Geely Xingyuan has a lot of standard functions, especially the functions of driving assistance, active braking and other configurations, which are rare in the same class, so even if it is an entry-level model of Geely Xingyuan, the driving safety is relatively guaranteed. Of course, if you want to use the car more conveniently, a higher version is undoubtedly a better choice.

Original Arts Life Youth Hengcai Development Association

Some time ago, a cucumber shoot made the restaurant owners in Zhuzhou, Hunan scared.

Behind the scenes are a father and son. The two often go to different restaurants to order cucumbers, and there is no problem when they eat them. But a few days after eating, these restaurants will receive rectification notices and be asked for high compensation.

Seeing the news of compensation, restaurant owners suddenly realized, and at the same time complained: this is a professional counterfeiter.

Go back to the beginning of the event. It turned out that the father and son reported the restaurant selling cucumber to the market supervision department on the grounds of "no cold food license" and demanded compensation of ten times the consumption amount.

Such a high amount has made many bosses complain: "I don’t necessarily earn this money by selling cucumbers for one year!"

There is also a boss surnamed Liu who feels more wronged.

There was no cucumber on his menu, but when the father and son went to the store for consumption, they repeatedly asked to make one, and they also kindly instructed him to "smash the cucumber, just sprinkle some pepper and add some vinegar."

Boss Liu did it without much thought. As expected, after the story, he was reported, rectified and compensated. There should be no less processes.

As for why they don’t apply for cold food business qualification, restaurant owners are also very helpless.

First of all, the threshold for handling cold food permits is not low, and special cold food production rooms, independent air conditioners and disinfection equipment are needed. A set costs about tens of thousands of dollars, and small restaurants simply can’t afford it.

In addition, many people who open restaurants simply don’t know that selling cold dishes requires a license for the manufacture and sale of cold food.

Grasping the two points of Xiaochengben and the lack of legal popularization, the father and son have repeatedly succeeded and achieved outstanding results: since 2020, they have reported 49 times.

In fact, there are not a few businesses targeted by professional counterfeiters.

After Chongqing tea merchants sold Mr. Jin Junmei a 100,000-yuan collection, customers took him to court because "the tea has passed the shelf life" and demanded compensation of 1 million yuan from Mr. Jin.

An old man in Guizhou who sells homemade sauerkraut in 9.9 yuan was sued by professional counterfeiters for selling three no products.

Some online shop owners were charged a personal fee of 1500 yuan because "the information on the title sold is inconsistent with the information on the product details page".

The public’s views on these behaviors of professional counterfeiters are also inconsistent.

Some people say that they are like woodpeckers, which have rectified the market environment. After all, fewer fakes are good for ordinary people.

However, the louder voice is: what woodpecker? I just want to make money.

Some professional counterfeiters drive luxury cars, live in luxury houses and earn millions of dollars a year.

What’s more, most professional counterfeiters buy fakes knowing that they are fakes. When they just bought fakes, they didn’t say anything, but they bought many more copies with their backhand, and then they had to pay compensation together. In some people’s eyes, this is to make a big ticket. Moreover, it is not easy for small vendors to make money, so why stare at them and ask for money?

What is even more shocking is that professional counterfeiting has already formed an industrial chain.

The mentoring system is popular in the anti-counterfeiting circle, and newcomers can get the "cheats" for claiming compensation by spending 30 yuan. If you want to learn the whole set, you have to spend 499 yuan to learn from the teacher.

△ Professional Claims "Tutorial", Source: The Paper

According to the mature veteran, this line of business is very profitable:

"Playing a single order is 500+, and two or three orders a day are no problem."

Even, there are slang words in the circle that outsiders can’t understand. For example, "getting on the bus" means forming a group with others to make a bill; "Getting off the bus" is the success of the action; "Fare" means to give money as a benefit when you get on the bus with others.

Take anti-counterfeiting e-commerce as an example. A complete process is roughly like this:

First, "find a car" and look for products with limit words such as "best" and "first"; After the arrival of the goods, on the grounds of suspected false propaganda, find the seller to negotiate 3 times compensation; If the seller does not agree, go to the regulatory authorities to complain; If the seller still insists, he will sue to the court.

Considering the time cost, most businesses will compromise.

Sometimes, counterfeiters also share resources internally, resulting in some businesses being claimed one after another.

There are also some impatient counterfeiters who directly put expired goods on supermarket shelves and put themselves in prison.

It is also for these reasons that the public opinion of professional counterfeiters that "justice is false and profit is true" is always lingering.

In fact, when professional counterfeiters first appeared, word of mouth was not polarized like this, but was uniformly praised.

The first batch of professional counterfeiters can be traced back to the 1990s.

At that time, the land of China was undergoing the baptism of reform and opening up, and making money in the sea became the consensus of countless people.

Under the tide of pursuing material desires, the consumer goods market is very irregular, and counterfeiting is prevalent. In 1994, the government promulgated the Law on the Protection of Consumers’ Rights and Interests, proposing that consumers can buy fakes in double indemnity.

The following year, a young man named Wang Hai put this law into practice.

On March 25th, 1995, Wang Hai bought two pairs of "Sony" headphones at 170 yuan price in Beijing Longfu Mansion.

In order to identify the true and false, Wang Hai traveled to the Industrial and Commercial Bureau, Technical Supervision Bureau and Sony Corporation, and spent a total of three days back and forth.

Wang Hai thinks that the hotel, meals and transportation expenses in these three days have already cost more than 200 yuan, even if the price of two pairs of headphones is compensated for 170 yuan, it will not be worth the loss after all.

So he came to Longfu Building again, bought 10 pairs of fake Sony headphones in one breath, and then complained to Dongcheng District Administration for Industry and Commerce.

This unprecedented operation attracted great attention at that time. In the end, Wang Hai successfully got compensation for 12 pairs of headphones.

After this battle, Wang Hai became famous.

At the end of 1995, China Consumer Protection Foundation awarded him the title of "The First Counterfeiter in China" and awarded him 5,000 yuan.

Southern Weekend called him a "down-to-earth patriot", economist Wu Jinglian wrote an inscription for him as a "market sweeper", and Clinton called him a "protector of consumers in China".

In 1996, Wang Hai was invited to participate in the first program "Who will protect consumers" of CCTV’s "Tell the truth". In the same year, Wang Hai set up a company and became a "professional counterfeiter".

△ Wang Hai in "Tell the truth"

Until now, Wang Hai is still active in the cause of counterfeiting. In November, 2020, he threw out a verification report on the Weibo, pointing out that the bird’s nest sold by Simba was "sugar water", which made the super online celebrity worshipped by countless old irons suffer the biggest waterloo.

Compared with 30 years ago, there are more and more professional counterfeiters today. However, in the eyes of the people and the judiciary, they are no longer pure messengers of justice.

In 2017, the General Office of the Supreme People’s Court proposed in an opinion reply to gradually curb the profit-making anti-counterfeiting behavior of professional counterfeiters.

In 2021, Chen Zhiqiang, known as "the youngest professional counterfeiter in China", was put on file for investigation by the public security organs.

Chen Zhiqiang, from Xuwen, Guangdong Province, began to "debut" in counterfeiting at the age of 18, and sued more than 800 cases in less than a year.

In the end, after suing an ordinary "counterfeiting lawsuit", Xuwen Court held that Chen Zhiqiang "used the merchant’s panic to force the merchant to compromise, repeatedly demanded money from the merchant, and was suspected of extortion" and transferred the clue to the public security organ.

On July 12, 2023, the General Administration of Market Supervision made a simplified license for the manufacture and sale of simple foods such as cucumbers.

To put it simply, it is more and more difficult to make money by professional counterfeiting.

But then again, in fact, professional counterfeiters are theoretically tenable.

Most of the products they reported were illegal according to the law. In reason, there is nothing wrong with exercising your rights within the scope of the law.

However, in love, it is really irritating for some counterfeiters to pick small vendors.

But I think the more critical question is, can food safety related to people’s livelihood really be solved by professional counterfeiters alone?

In the first program of "Tell the truth", Professor Xiao Zhuoji of Peking University asked the following questions to a staff member of a consumer association, and I think it also asked many people’s voices:

People like Wang Hai and others are needed to protect consumers’ rights and interests.

-References-

Extremely popular news. Many restaurants in Hunan have been hit by professional counterfeiting for selling "cucumbers": "father and son who beat fakes" frequently reported that enterprises demanded high compensation .2023-05-18

Legal Daily. Investigation on Grey Industrial Chain of Professional Counterfeiting: 30 yuan can learn the whole process by "learning from teachers" .2019-09-13

Interface news. Wang Hai’s new problem: punching Simba and kicking Luo Yonghao, do fans agree? 2020-12-29

Sanlian Life Weekly. The 18-year-old professional counterfeiter was put on file: the "extraordinary road" to leave the county. 2022-01-26

Design/vision: o.o.

Original title: "How many people make a fortune by professional counterfeiting? 》

Read the original text

"i5" is BMW’s electric vehicle series, in which "I" stands for Intelligent. "Sport" and "luxury" are commonly used to describe the characteristics of automobiles and to distinguish different types of automobile design, configuration and driving experience.

In BMW’s i5 series, the "Sport" version may pay more attention to driving performance and handling, with more powerful power output, more advanced suspension system and braking system, and lower driving resistance. In addition, the sports version may adopt more aggressive designs, such as larger aerodynamic packages, unique body colors and sports seats.

In contrast, the "Deluxe" version pays more attention to the comfort and convenience of passengers. This may include more advanced interior materials, more comfortable configuration (such as seat heating, ventilation and massage functions), more advanced entertainment information system and navigation system, etc. In addition, the Deluxe Edition may provide more safety features and autonomous driving technology to enhance the driving experience.

Generally speaking, the main difference between the sports version and the luxury version of BMW i5 lies in driving performance and passenger comfort. Which version to choose depends on your personal needs and preferences.

　　China Daily Online, April 21st (Sun Ruonan) According to a report by CBS on the 20th, former US Vice President Biden expressed his willingness to choose Michelle Obama as his running mate in the 2020 presidential election.

　　The potential Democratic presidential candidate said that former First Lady Michelle would be a strong vice president if she accepted the nomination.

　　Biden said on the 20th: "I am willing to choose her (as a partner). She’s smart. She knows the road. She is a great woman, and the Obamas are my good friends. I don’t think she wants to live near the White House any more. " However, Biden also said that it is still too early to choose a vice presidential candidate.

　　He said: "As far as candidates are concerned, we have just begun this process. We will soon let the Committee examine it and begin to investigate the background of potential nominees. Everything has just begun. "

　　In addition, Biden said: "I promise that (the vice president) will be a woman, because it is very important that my government should be as diverse as the composition of society and the country. We promise that there will be a woman of color in the Supreme Court, which does not mean that there will not be a similar vice president. "

　　"I think we must establish this system once and for all. In my opinion, we could have had a female president before, that is Hillary Clinton," Biden said. "Besides, there are many suitable women."

On Autohome’s Zhongshan Premium Promotion Channel, we bring you exciting news! High-profile models are going on an unprecedented price reduction promotion in the Zhongshan area. This offer is unprecedented, with a car purchase subsidy of up to 50,000 yuan, which has reduced the starting price of this luxury sedan to a very competitive 179,800 yuan. This undoubtedly provides an excellent opportunity for consumers who are interested in purchasing the Hongqi EH7. Want to take advantage of this offer and explore more specific car pickup prices and preferential policies? Be sure to click "Check the car price" in the quotation form to get this real discount.

The side-body design is the unique charm of the Hongqi EH7. The body size of this luxury sedan is 4980mm x 1915mm x 1490mm, and the wheelbase is up to 3000mm, which shows a solid and spacious interior layout. The side lines are smooth and delicate, and with the front and rear tires of 245/50 R18, it not only enhances the driving stability, but also gives the body an elegant dynamic sense. The front and rear wheel tracks are 1645mm and 1655mm respectively, which further ensure the balance and stability of the vehicle during driving.

[Interior Introduction] The interior design of the Hongqi EH7 fully reflects the perfect fusion of luxury and technology. It adopts an exquisite leather steering wheel, which not only feels comfortable to the touch, but also supports manual up and down + front and rear adjustment to meet the individual needs of the driver. The 15.5-inch large screen design on the center console is full of technology, integrating multimedia, navigation, telephone and air conditioning control, which is convenient and fast. In terms of seats, imitation leather and leather/fur materials are mixed and matched to provide a good riding experience. The main driver seat has 4-way adjustment, waist support and heating/ventilation functions, and is equipped with power seat memory, which takes into account comfort and convenience. The front USB/Type-C interface and mobile phone wireless charging function meet the needs of passengers’ electronic devices and make travel more convenient. The overall interior design fully reflects the Hongqi brand’s attention to detail and commitment to comfort.

The Hongqi EH7 is equipped with a powerful engine with a maximum power of 253 kilowatts, providing abundant power support for the vehicle. At the same time, its peak torque reaches 450 Nm, ensuring stability and response speed during driving. The outstanding performance of this engine not only meets the needs of daily driving, but also shows Hongqi’s in-depth understanding and pursuit of driving experience.

To sum up, the Autohome owner’s evaluation of the Hongqi EH7 was full of admiration. He particularly mentioned its stylish and dynamic exterior design, which shows the unique charm of the vehicle from the smooth lines on the side to the through taillights at the rear. The owner’s love for the front closed design and new car logo, as well as the recognition of the body length, undoubtedly strengthened the status of the Hongqi EH7 as a model that attracts young people. The dynamic light effect when locking the car every night adds a sense of technology and ritual to this new energy model, making the owner feel full of satisfaction and pride. Under the new energy logo of the Qimiao wings, the Hongqi EH7 is not just a car, but also a symbol of the owner’s taste and lifestyle.

Times and technology are advancing, and high-tech configurations have become standard in many cars, which has brought consumers a better experience. Today’s editor brings it. Let’s take a look.

Let’s take a look at the appearance of the Corolla first. The front of the Corolla is stylish, and with a three-frame grille, it looks very dynamic and lively. Then with the headlights, it looks very sporty. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, adaptive far and near light, etc. Come to the side of the car, the body size of the car is 4635MM*1780MM*1435MM, the car uses simple lines, the body gives a very fashionable feeling, with large-sized thick-walled tires, the shape is quite angular. On the rear design, the Corolla has sharp rear lines, the taillights look very atmospheric, and the exhaust pipe below adopts a hidden design, which is very cold.

Sitting in the car, the interior design of the Corolla is more fashionable and generous, and it looks full. The car’s three-spoke steering wheel is practical and good in appearance. It is equipped with functions such as manual up and down + front and rear adjustment of the steering wheel, and everything looks very energetic. Take a look at the central control. The design of the center console is reasonable, which makes the interior design quite layered and looks very calm. The interior feels good. Let’s take a look at the dashboard and seats. The dashboard design is remarkable and looks more domineering. The car adopts imitation leather seats, and the seats are wrapped in place, which improves the riding experience of the driver and passengers.

The car is equipped with vehicle to everything, driving mode selection, remote control key, Bluetooth key, interior ambient light, traction control (ASR/TCS, etc.) and other configurations, which are rich in functions and greatly enhance its convenience of use.

Summarize the full text: This level of models often offers a good balance of cost performance and practicality, and is often considered by most consumers as the first choice when buying a car.

When Wanda Commercial’s IPO sprint was fruitless and the bet was facing default, Wanda Group Wang Jianlin could finally breathe a sigh of relief.

On December 12, 2023, PAG and Dalian Wanda Commercial Management Group jointly announced the signing of a new investment agreement. PAG will work with other investors to reinvest in Zhuhai Wanda Commercial Management after its investment redemption period expires in 2021.

The investment amount of existing investors in Zhuhai Wanda Commercial Management in August 2021 is about 38 billion yuan, of which the investment amount of Pacific Alliance is about 2.80 billion US dollars (about 18 billion yuan).

According to the new agreement, Dalian Wanda Commercial Management holds 40% of the shares, making it the single largest shareholder. Pacific Alliance and several other existing and new investors will participate in the investment, with a total shareholding of 60%.

Wanda will work with key shareholders such as Pacific Alliance to further optimize the company’s corporate governance, maintain the stability of the management team, and jointly support the company’s long-term development.

Wanda Group said that the new agreement reflects investors’ high recognition of Zhuhai Wanda Business Management’s growth potential and its operating capabilities.

Wanda Commercial Management expects annual revenue to 29.30 billion

According to the introduction, Wanda Commercial was established in September 2002 and is one of the world’s leading commercial property holding and operation enterprises. Zhuhai Wanda Commercial Management is the only business platform for asset-light operation and management of commercial centers under Dalian Wanda Commercial Management Group.

As of November 2023, Zhuhai Wanda Commercial Management operated and managed 494 large-scale commercial centers, of which 290 were commercial centers under Dalian Wanda and 204 were third-party asset-light commercial centers.

Zhuhai Wanda Commercial Management currently manages 494 large commercial centres in 227 prefecture-level and above cities across the country. The number of commercial centres managed by Zhuhai Wanda Commercial Management has grown from 417 to 494 in the past two years, an average annual growth rate of about 9%. Zhuhai Wanda Commercial Management is now the world’s largest commercial management company in terms of commercial area under management.

Since existing investors invested in 2021, Zhuhai Wanda Business Management has exceeded its performance targets for three consecutive years. After-tax income in 2021 is 23.50 billion yuan, 2022 is 27.10 billion yuan, and 2023 (estimated) is 29.30 billion yuan, with an average annual growth rate of about 12%. After-tax profit in 2021 is 5.30 billion yuan, 2022 is 7.50 billion yuan, and 2023 (estimated) is 9.50 billion yuan, with an annual growth rate of 34%.

In the past three years, Wanda Commercial Management has paid a total of about 10 billion yuan in taxes, and the dividends to shareholders are 4.60 billion yuan in 2021, 6.70 billion yuan in 2022 and 8.50 billion yuan in 2023 (estimated).

Tencent and Country Garden are shareholders

In 2018, Tencent Holdings, as the main sponsor, jointly signed a strategic investment agreement with Suning, JD.com, Sunac and Wanda Commercial in Beijing to invest in 34 billion and acquire about 14% of the shares held by investors introduced when Wanda Commercial Hong Kong H shares were delisted.

Before the Wanda Commercial Management IPO, Wang Jianlin directly held 5.19% of Dalian Wanda Commercial and 44.31% through Wanda Group. In addition, Zhuhai Wenchi held 1.7%, Zhuhai Wenlong held 0.98%, and Dalian Wentai held 4.29%.

Wang Jianlin holds 36.58 per cent of Zhuhai Wentai, 4.53 per cent of Zhuhai Wentai and 70.11 per cent of Dalian Wentai, which are shareholding platforms for employees of Wanda Group and its subsidiaries.

Wang Jianlin’s wife, Lin Ning, holds 3.18 per cent of Dalian Wanda Commercial; Wang Jianlin holds 98 per cent of Dalian Hexing and 2 per cent is held by Wang’s son, Wang Sicong. Dalian Hexing holds 99.76 per cent of Wanda Group and Wang Jianlin directly holds 0.24 per cent of Wanda Group.

Dalian Wanda Commercial holds a 78.83% stake in the joint stock company of Zhuhai Wanda Commercial Management Group, and investors hold a 21.15% stake in the joint stock company of Zhuhai Wanda Commercial Management Group.

Country Garden holds 1.7945%, Chow Tai Fook’s WellSmart Developments Limited holds 0.0718%, CITIC Capital’s CCP Wing Investment holds 1.7857%, Jinyi Global holds 1.7945%, and Shanghai Yunxin Entrepreneurship holds 0.9778%.

Tencent holds 0.7222% through Huang River, Tencent holds 0.1179% through Shenzhen High Light Computer Technology Co., Ltd.; Ant Group’s Accelerator I holds 0.4643%;

PAGAC holds 3.5714%, CITIC Securities Investment Co., Ltd. holds 0.3611%, and Hangzhou Tangzhi Equity Investment Partnership (Limited Partnership) holds 0.0555%.

However, as investors in Wanda Commercial Management, Ning and Sunac have encountered operational difficulties to varying degrees. It is difficult for the Mud Bodhisattva to cross the river, but it is difficult to solve the problem. In particular, Ning also stepped on Evergrande, causing serious losses. Country Garden is also in crisis, and only Wanda is relatively better off.

Selling Wanda Films to Help Yourself

A few days ago, Wanda Film announced that it received a notice on December 6, 2023 that the company’s indirect controlling shareholder, Beijing Wanda Cultural Industry Group Co., Ltd., and its wholly-owned subsidiary, Beijing Hengrun Enterprise Management Development Co., Ltd., and the company’s actual controller, Wang Jianlin, intend to transfer the 51% equity of the company’s controlling shareholder, Beijing Wanda Investment Co., Ltd. to Shanghai Ruyi Investment Management Co., Ltd.

As early as July 20, 2023, Beijing Wanda Cultural Industry Group Co., Ltd., the indirect controlling shareholder of Wanda Film, signed an Equity Transfer Agreement with Shanghai Ruyi Film and Television Production Co., Ltd. (referred to as "Shanghai Ruyi"), and Wanda Cultural Group transferred its 49% stake in the company’s controlling shareholder, Beijing Wanda Investment Co., Ltd. (referred to as "Wanda Investment"), to Shanghai Ruyi. Shanghai Ruyi invested 2.262 billion yuan.

This means that once the transfer is completed, Shanghai Ruyi will hold a 100% stake in Wanda Investment Co., Ltd., and then hold a 20.03% stake in Wanda Film. Wanda Film’s actual control will change from Wang Jianlin to Shanghai Ruyi.

According to the financial report, Wanda Film’s revenue in the first nine months of 2023 was 11.348 billion yuan, an increase of 46.98% over the same period last year; net profit was 1.115 billion yuan; net profit after deduction was 1.10 billion yuan. Among them, Wanda Film’s revenue in the third quarter of 2023 was 4.479 billion yuan, an increase of 61% over the same period last year; net profit was 692 million yuan, and net profit after deduction was 689 million yuan.

Wang Jianlin once again "cut meat" to save himself is to deal with the delay in the listing of Wanda Commercial Management, and the company is facing a situation of default on gambling.

　　Xinhua News Agency, Beijing, October 26 (Reporter Han Jie, Liu Yangyang) On October 26, Tuozhen, spokesman of the 19th National Congress of the Communist Party of China, held a special press conference at the press center of the conference, inviting Xiao Pei, deputy secretary of the Central Commission for Discipline Inspection, Wang Xiaohui, executive deputy director of the Central Policy Research Office and vice minister of Publicity Department of the Communist Party of China, Lengrong, director of the Central Literature Research Office, Yuan Shuhong, party secretary and deputy director of the Legislative Affairs Office of the State Council, Yang Weimin, deputy director of the Office of the Central Financial and Economic Leading Group, and Ji of the State-owned Assets Supervision

　　十九大报告指出：“十八大以来的五年，是党和国家发展进程中极不平凡的五年。”袁曙宏说，“极不平凡”四个字，说出了全党8900多万党员、全国13亿多人民深刻的感悟、无限的感慨和无比的自豪。从国内来看，这五年是以习近平同志为核心的党中央举旗定向、力挽狂澜，淬火成钢、攻坚克难，砥砺奋进、成就辉煌的五年。在短短五年的时间里，我们党、国家和军队凤凰涅槃、浴火重生，比任何时候都更加强大、更有力量；从世界范围来看，这五年世界经济复苏乏力、局部冲突和动荡频发、全球性问题加剧，而中国则经济发展、政治稳定、社会安定、人民幸福、百业兴盛。正如报告所强调：“五年来的成就是全方位的、开创性的，五年来的变革是深层次的、根本性的。”五年来我们党之所以能推进历史性重大变革、取得历史性重大成就，最根本的就在于我们有以习近平同志为核心的党中央的坚强领导，有习近平新时代中国特色社会主义思想的科学指引，有习近平总书记作为我们党的核心、人民的领袖、军队的统帅。我们坚信，在以习近平同志为核心的党中央英明领导下，中华民族伟大复兴的中国梦一定能够实现。

　　The report of the 19th National Congress pointed out: "After long-term efforts, Socialism with Chinese characteristics has entered a new era, which is a new historical orientation for China’s development." Leng Rong said that this major political assertion is a highlight of the report and runs through the whole report. The new era started from the 18th National Congress of the Communist Party of China. The 19th National Congress of the Communist Party of China established the guiding ideology of the new era, put forward the historical mission of the Party in the new era, described the grand blueprint of the new era, made strategic arrangements for the new era, and made clear the new requirements for Party building in the new era. Socialism with Chinese characteristics has entered a new era, and the main social contradictions in our country have also changed, "which has been transformed into the contradiction between the people’s growing needs for a better life and the unbalanced development". This major assertion has sufficient basis. From "material and cultural needs" to "needs for a better life", from solving the problem of "backward social production" to solving the problem of "unbalanced and insufficient development", it reflects the great progress of China’s social development, the phased requirements of development, and the key requirements of the development of the party and the state. Economic construction is still the central task, but in the new era, we should pay more attention to all-round development. The change of the principal contradiction in our society has not changed our judgment on the basic national condition that China is still in the primary stage of socialism.

　　十九大报告和十九大通过的党章修正案，把习近平新时代中国特色社会主义思想确立为党的行动指南。王晓晖认为，这是十九大的突出亮点和重大历史贡献。中国特色社会主义进入新时代，是我国发展新的历史方位，也是习近平新时代中国特色社会主义思想产生的时代背景。习近平新时代中国特色社会主义思想，创造性地回答了实践和时代提出的重要课题。坚持和发展中国特色社会主义，是改革开放以来我们党全部理论和实践探索的主题，也是习近平新时代中国特色社会主义思想的主题。十九大报告提出的“八个明确”和“十四个坚持”，构成了习近平新时代中国特色社会主义思想的主要内容。习近平新时代中国特色社会主义思想，是党和人民实践经验和集体智慧的结晶，但它的主要创立者是习近平同志。用他的名字命名这一科学理论名副其实、当之无愧，这也体现了我们党理论上的成熟和自信。习近平新时代中国特色社会主义思想，开辟了马克思主义新境界，开辟了中国特色社会主义新境界，开辟了治国理政新境界，开辟了管党治党新境界。

　　The 19th National Congress to the 20th National Congress is the historical intersection of the goal of "two hundred years". Yang Weimin said that the 19th National Congress made clear the key points for building a moderately prosperous society in an all-round way. In the next three years, we will build a well-off society in an all-round way, especially the "three major battles" to prevent and resolve major risks, accurately get rid of poverty and prevent pollution. This is the bottom line for building a well-off society in an all-round way. The 19th National Congress of the Communist Party of China also clarified the comprehensive construction of a socialist modern country and its "two-step" strategic arrangement. After 2020, the practical theme of Socialism with Chinese characteristics in the new era will shift to building a socialist modern country in an all-round way, and the first of the "four comprehensiveness" will become building a socialist modern country in an all-round way, maintaining the continuity of the strategic layout of the "four comprehensiveness". At the same time, the strategic arrangement of "two steps" for building a socialist modernized country in an all-round way was made clear, and the timetable and road map of China’s socialist modernization were completely outlined, which advanced the goal of basically realizing socialist modernization by 15 years and made the expression of the second century goal more complete. The goal of doubling GDP is no longer mentioned in order to better implement the new development concept and promote the all-round development of the cause of the party and the state.

　　谈到新时代党的建设，江金权说，十九大报告一个重大贡献，就是根据新时代新要求，深化对党的建设规律性认识，提出了新时代党的建设总要求：原则是坚持和加强党的全面领导；方针是坚持党要管党、全面从严治党；主线是加强党的长期执政能力建设、先进性和纯洁性建设；布局是以党的政治建设为统领，全面推进党的政治建设、思想建设、组织建设、作风建设、纪律建设，把制度建设贯穿其中，深入推进反腐败斗争；要求是提高党建工作质量；目标是把党建设成为始终走在时代前列、人民衷心拥护、勇于自我革命、经得起各种风浪考验、朝气蓬勃的马克思主义执政党。这为新时代党的建设提供了一个立体“坐标系”和精准“定位仪”。报告第一次把党的政治建设纳入党的建设总体布局，强调以党的政治建设为统领。这是马克思主义党建理论的重大创新。报告还着眼于推动全面从严治党向纵深发展，确定了把党的政治建设摆在首位、用习近平新时代中国特色社会主义思想武装全党、建设高素质专业化干部队伍、加强基层组织建设、持之以恒正风肃纪、夺取反腐败斗争压倒性胜利、健全党和国家监督体系、全面增强执政本领等八项重点工作。

　　关于全面从严治党，肖培说，十九大报告3.2万字，这部分内容就占了4100字，是报告的八分之一多，可见分量之重。这部分1个序言、8项任务，条条都是我们党对人民的庄严承诺，句句都是全面从严治党的坚定宣示。推动全面从严治党向纵深发展，一是紧紧围绕维护以习近平同志为核心的党中央权威和集中统一领导，加强党的政治建设；二是把中央八项规定精神化作自觉行动，驰而不息抓好作风建设；三是全面加强纪律建设，持之以恒正风肃纪；四是以坚如磐石的决心，夺取反腐败斗争压倒性胜利；五是完善党和国家监督体系，不断增强自我净化能力。全面从严治党的根本目的，就是探索出一条党长期执政条件下实现自我净化的有效途径。此外，要落实十九大决策部署，将国家监察体制改革试点在全国推开，实现巡视监督、派驻监督、国家监察三个全覆盖，进一步完善党和国家监督体系，推进治理体系和治理能力现代化。

　　有关方面负责人还回答了中外记者的提问。350多名中外记者参加了新闻发布会。

Cctv news: Chen Weiqi is an online writer whose pen name is Lobster from Heaven. At the age of 35, it took him ten years to complete a 210,000-word novel "Advanced Life", which was also shortlisted for the 10th Global Chinese Science Fiction Xingyun Award earlier this month.

Chen Weiqi suffered from cerebral palsy since childhood and typed with the tip of his tongue against his lips. His science fiction was shortlisted for the grand prize. When his hands can’t knock on the keyboard, he types with the tip of his tongue against his lips and writes one literary work after another. Although he didn’t finish junior high school, it didn’t stop the "supplies" given to him by active thinking and reading enthusiasm.

At the beginning of this month, the 10th Global Chinese Science Fiction Xingyun Award announced the shortlist of works. Among the best novels, Chen Weiqi’s work "Advanced Life" was among them. Some netizens who are familiar with him lamented that Chen Weiqi’s creative experience itself is an extraordinary advanced process of life.

Chen Weiqi, who suffers from cerebral palsy and can’t stand and walk, can only move his left and right little fingers with his hands. He didn’t finish junior high school. He taught himself by surfing the Internet and wrote works of nearly one million words.

Can’t type with both hands, can’t pronounce clearly, and can’t use voice input. Chen Weiqi has explored a special typing method.

Once, Chen Weiqi tried to click on the keyboard with the only movable left little finger, but this method didn’t work because the arm was out of control. He simply tried all his five senses. His nose is too short and his chin is too large. Typing with his mouth biting chopsticks will make his mouth water … …

Finally, he finally found that typing with the tip of his tongue against his lips, although not fast, could last longer. So, with this method, he sat in front of the computer for more than ten hours every day and clicked the keyboard thousands of times with the tip of his tongue and lips to try to finish his writing.

Chen weiqiIf it hurts, you owe your ass a little. If it hurts on the left, push it slightly to the right. If it hurts on the right, push it harder on the left.

In Chen Weiqi’s science fiction, most of the protagonists can break through their own limitations through scientific and technological means, explore the universe and fight against evil forces, which may be pinning his desire to get rid of the real illness.

For ordinary people, it is natural and simple to control their body movements; For Chen Wei, this is an almost impossible luxury. Because he had cerebral palsy since childhood, he barely learned to walk at the age of seven, but he always had active thinking in his memory.

However, during the first summer vacation, his illness was aggravated by a sudden high fever, and he was bedridden for the next two years. At that time, he felt more desperate than ever. However, with strong willpower, his body gradually changed. Finally, one day, he sat up from the bed and began to teach himself junior high school courses. In 2001, he asked his family to buy him a computer with Internet access.

Through the Internet, Chen Weiqi read materials about medicine, philosophy, literature and so on, and sprouted the idea of writing. After finding a way to type with the tip of the tongue and lips, he kept trying to write and contribute. In 2003, his short science fiction stories were published on a website, which made him see hope.

Writing science fiction, let him regain confidence in confusion. In the next ten years, he completed the manuscript of the long science fiction "Advanced Life" and won many awards in online science fiction essays. However, in 2013, a serious illness struck again, causing him to lose consciousness below the head.

Unable to give up the manuscript of the work and unwilling to fate, Chen Wei made a strong effort to eat and let himself compete with his physical illness.

After half a year, Chen Weiqi’s illness gradually eased. With the help of his family and netizens, his two works were published successively.

A strong desire for creation enabled Chen Weiqi to find the direction, which supported him not to be depressed and not to give up. With the unimaginable efforts of ordinary people, he broke through the crisis and published his first novel.

Writing not only lit up his life, but also made him meet many friends who supported him. The warmth and friendship conveyed more confidence and courage. Today, Chen Weiqi has begun to try to get out of the house and embrace life.

In Chen Weiqi’s home, there is a Bluetooth device that uses the head to control the mouse, which was bought by netizens. Everyone often puts forward opinions and suggestions to help him improve his works. These warm actions are silently remembered by him. After the publication of Advanced Life, Chen Weiqi specially asked his family to buy 60 copies, printed his pen name with the seal sent by netizens, and sent it to those who helped him.

With more and more communication with friends, Chen Weiqi is becoming more and more cheerful.

Now, Chen Weiqi began to walk out of the house in a wheelchair to communicate with literary societies in some colleges and universities, share his writing experience face to face, and convey his goodwill and feelings.

Chen weiqiI am lucky to be born in such an era and such a society. It can be said that if there is no computer, no internet and the development of information technology during this period, I simply can’t imagine that a person like me can do things.

It is unfortunate for Chen Weiqi to be ill and have difficulty in moving since childhood, but the particularity of a writer lies in that any experience may become the source of creation. Chen Weiqi said that when you can’t write, you should also bite the bullet and write down, and then optimize everything. Isn’t this what he learned from the struggle against illness? I will walk till the water checks my path is inevitable in life, and we must never stop at this time. Only by persisting in moving forward can we finally have a day in then sit and watch the rising clouds.

Today, Chen Weiqi has walked out of that room and actively communicated with more people and integrated into society. This is a very happy thing. Finding one’s own existence and advanced way is not only what Chen Weiqi has to work hard to do, but also worthy of our serious consideration.