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How about a small WiFi signal？

How about a small WiFi signal?

　　Because the small WiFi device is very small and does not have a strengthened "extension antenna", many friends are worried about its signal strength and penetration. The actual test barrier-free distance is about 10 meters or separated by 2 walls and 1 glass. It can still be used, but the signal is already relatively weak, so the distance between the walls of the general house and the upstairs and downstairs should not be a problem.

Small degree WiFi

Small WiFi signal test experience

　　According to the official introduction, Xiaodu WiFi uses the latest 55nm MT7601 chip, which conforms to the IEEE 802.11n protocol, is compatible with IEEE 802.11g and IEEE 802.11b standards, and supports 2.4 frequency bands. This is also the latest wireless module launched this year. It is better than the 99nm RT5370 core that congeneric products commonly used two years ago. As users, we don’t need to know too much about these parameters.

　　First of all, we still use some professional testing tools, Speed Test, mainly for uploading and downloading tests; WiFi Overview 360 wireless network analysis software, mainly for wireless signal testing. Then I will tell you my actual experience.

　　The figure below is the network speed test of Xiaodu WiFi, and the figure below is the wireless router speed result of our office environment, which varies greatly, right? The main reason is that my mobile phone is next to Xiaodu WiFi, while the wireless router in the office is far away from me, and there are many connections, so these parameters are for reference only.

How about a small WiFi signal?

　　▲ Top: Small WiFi network speed, bottom: Wireless router test in office environment

　　In the test of WiFi signal, the mobile phone terminal is close to the computer, and the small WiFi is almost full. As the distance increases, it keeps changing, reducing by half when it is about 5 meters, relatively weak when it is 10 meters, and disconnected when it is 15 meters.

How about a small WiFi signal?

　　▲ WiFi signal test

　　Numbers cannot explain everything, especially the different network usage environments, but the use of small WiFi products is generally not very far away, such as bedrooms, small-scale office environments, or friends around the airport waiting, so the WiFi connection speed will not be very poor, and in the afternoon test, small WiFi performance is very stable, the space distance can be used within about 15 meters, the effect of the partition wall, if there is a door, that is, the signal has a space to pass through, it is basically fine, if the interval of the enclosed space, let alone this small WiFi, even the home router is not very good. The wireless router in the company is still enterprise-grade, and we have no signal in some spaces.

Haizhu District Housing and Urban-Rural Development Bureau fully promotes the completion and acceptance of the Tencent headquarters project

Haizhu District Housing and Urban-Rural Development Bureau made every effort to promote the completion and acceptance of the Tencent headquarters project. Recently, Haizhu District Housing and Urban-Rural Development Bureau organized a progress coordination and promotion meeting in the project department of Tencent Guangzhou headquarters building. At the meeting, the District Housing and Urban-Rural Development Bureau listened to the construction units to report the progress and demands of the project, the follow-up work plans and difficulties of the participating units, and put forward guidance on the completion and acceptance. In the future, the landmark building of Pazhou Artificial Intelligence and Digital Economy Pilot Zone in Haizhu District, Guangzhou – the Guangzhou Tencent headquarters building, as a leading project of Pazhou digital economy, will continue to radiate and drive the upstream and downstream of the Internet industry chain and the entry of eco-sphere enterprises, and promote the rapid growth of Based on the new requirements of high-quality development in Haizhu District, the District Housing and Urban-Rural Development Bureau attaches great importance to the landing of the construction project of Tencent’s Guangzhou headquarters building, actively promotes the smooth completion and acceptance of the project construction, and promotes the construction of a world-class digital economy demonstration zone in Pazhou Pilot Zone. First, multi-dimensional support and coordination of Tencent project construction land, road construction, infrastructure, supporting measures, etc., and actively communicate with surrounding projects and relevant departments to promote the smooth development of project construction. Second, during daily inspections, key inspections of projects are made, and timely rectification is required when potential safety hazards are found. Take the initiative to go deep into the site for many times, conduct spot checks on the completion data and the quality of the entity in advance, help the project to sort out the matters that need to be completed before the completion acceptance in detail, and coordinate the intervention of various functional areas of business in advance. The third is to answer and deal with the difficult questions raised by the enterprise to provide protection for the follow-up acceptance of the project and ensure that the guidance service is not lacking. Fourth, strictly require the project unit to reverse the construction period, adjust the progress plan and resource allocation in a timely manner, and ensure that the project acceptance goal is completed under high quality, efficiency, safety and control. The Haizhu District Housing and Urban-Rural Development Bureau will continue to follow up the progress of the Tencent project, fully support the construction of the Tencent headquarters building under the premise of "ensuring safety, quality and progress", and strive to provide strong support for the Pazhou Pilot Zone to "strive for the first place, lead the race", and promote Haizhu to take the lead in high-quality development, make a good demonstration and write a chapter. (District Construction Project Quality and Safety Supervision Station, Zhao Fang, Jiang Simin)

First-line ｜ Big search car completed 578 million US dollars financing, and will improve the new retail ecology in the future

　　On September 3, Yao Junhong, founder and CEO of Dasouche, said in an internal email that Dasouche has completed a new round of financing of 578 million US dollars. This round of financing was led by Primavera Capital and Morningside Venture Capital, Alibaba, Haoxiang Capital, Lingfeng Capital, Paladin Equity Investment, Kaiming Investment, Sino-Russian Fund, Sunshine Insurance, CreditEase and other institutions. Gao Hu Capital continued to serve as a financial advisor for financing.

　　Yao Junhong, founder and CEO of Da Sou Che, revealed in the email that the main uses of this round of financing are three aspects: one is to increase investment in technology and accelerate the digitalization, online and intelligence of the automobile circulation industry; the other is to promote the development of a car to accelerate service upgrades and continuously improve user experience; the third is to strengthen the management and construction of the organization and enhance the collaborative operation ability of the new retail ecology of Da Sou Che.

　　According to public information, the last time the big search car announced financing was in November 2017, led by Alibaba to raise a total of 335 million US dollars, before the big search car also received Ant Financial, Warburg Pincus Investment Group, China Merchants Bank International and other famous institutions investment.

　　According to the internal email of Dasouche, there are nearly 4,000 community stores under Dasouche, covering 30 provincial administrative units and 313 cities, and the channel has sunk to 1,877 districts and counties. According to the statistics of the Ministry of Civil Affairs, there were 2,851 county-level administrative divisions in China at the end of 2017, and the coverage rate of Dasouche community stores has reached 66%.

　　Pop a car is a flexible car purchase plan launched by Big Search and Ant Financial "10% down payment, first use and then buy". Consumers buy a car by popping a car. In addition to picking up the car to the store, other transaction processes can be completed online. Alipay allows users with good credit to pass credit approval in 15 minutes. During the 618 promotion this year, the pop-up car transaction exceeded 13,000 units, the contract amount exceeded 2 billion, and the 618 Tmall car sales list topped the list.

　　In an internal email, Ms Yao also announced two important wholly-owned acquisitions: Carrier Butler, an integrated service provider for warehousing and logistics in the automotive supply chain, and Blaxo, a provider of Enterprise Resource Planning for the car dealership group.

　　The following is the full text of Yao Junhong’s email to all employees of the company

　　All the comrades of the big search car:

　　I am happy to share with you a piece of good news: big search car has completed a new round of financing, the total amount of 578 million US dollars.

　　At the moment of tightening money in the capital markets, in less than a year, the company’s financing amount has reached 913 million US dollars, which is really hard to achieve. This is inseparable from the efforts and persistence of all comrades-in-arms. I want to applaud and praise you for every load-bearing forward.

　　The financing was led by Primavera Capital and Morningside Venture Capital, with Alibaba, Haoxiang Capital, Lingfeng Capital, Paladin Equity Investment, Kaiming Investment, Sino-Russian Fund, Sunshine Insurance, CreditEase and other institutions participating.

　　The main uses of this financing are threefold: first, to increase investment in technology and accelerate the digitalization, online and intelligence of the automobile circulation industry; second, to promote the acceleration of service upgrades and continuous improvement of user experience; third, to strengthen the management and construction of the organization and improve the collaborative operation ability of the new retail ecology of the big search car. We have reason to believe that with the strong support of the capital partners, the pace of the big search car will only get faster and faster.

　　Looking back, with every step forward, we can see the exciting changes that have been brought to the entire auto trading industry by the massive car search. Looking to the future, changes will continue to happen.

　　1. The big search car has promoted the process of comprehensive digitalization of the automobile circulation industry

　　In the past year or two, I have often been asked: Why is it that the big search car can always iterate rapidly in the fog and keep running in the right direction? I have carefully considered this question, and the answer lies in my belief that the future automobile circulation industry will inevitably move towards digitalization, online, and intelligence.

　　From the beginning to the end, we have been working hard to move forward with this belief. We use the Internet and big data to link car retailers across the country, and use technology to drive them to improve the efficiency of each link. As of August 2018, we have digitized more than 90% of the country’s medium and large used car dealers, more than 9,000 4S stores and more than 60,000 new car second networks through the SaaS system. It is expected that the online transaction volume of our SaaS system will exceed 350 billion yuan in 2018, which is double that of 2017.

　　Based on the SaaS system, Soche has established the largest automobile circulation digital network in the country. Today, we can proudly say: Soche is the builder of the new retail digital infrastructure for automobiles.

　　2, the big search car has created a new species in the new retail field of automobiles: a car

　　In 2016, Soche and Ant Financial launched a new car purchase model in China, which created a new model of "10% down payment, first use and then buy". Based on this model innovation, we integrated the automobile circulation supply chain to form a closed-loop ecosystem of online and offline combination and opening up new and used cars. This is the new retail car.

　　Today, there are nearly 4,000 offline stores, covering 30 provincial administrative units and 313 cities, and the channel has sunk to 1,877 districts and counties. According to the statistics of the Ministry of Civil Affairs, there were 2,851 county-level administrative divisions in China at the end of 2017, which means that the district and county coverage rate of Dam Car community stores has reached 66%.

　　According to the current business development status and pace, I have set two small goals for you: by the end of 2018, the bomb car will have 8,000 offline stores, covering 90% of China’s districts and counties; within three years, the bomb car will complete the national high-density mesh layout, and eventually achieve one store per 10 square kilometers to cover China’s urban population.

　　What this data means is that we will create jobs for tens of thousands of families, while also bringing a new car experience to hundreds of millions of users. This is our opportunity, but also our responsibility.

　　3, big search car to become the leader and link, deeply empower the upstream and downstream of the industry chain

　　Today, in the entire automobile new retail ecosystem, big search car has gradually become the leader and link of all parties to the transaction, and this is one of the important reasons why investors choose us.

　　Dasouche has initially formed a new retail ecological map in the field of full circulation of automobiles. Including the companies that have joined the Dasouche family, such as Cheyi Pai, Car Dealer 168, Car Manager, and Bexo, we can empower merchants in every link of the transaction chain and help them serve the C-end more efficiently. In the future, we will also cooperate more with the overall ecology of Alibaba and Ant Financial.

　　I hope that every comrade-in-arms can keep in mind the role of the big search car in the entire ecology: if the "new retail" is compared to a person, what the big search car needs to do is to lead everyone’s intelligent brain and link the whole blood, and comprehensively and deeply empower the upstream and downstream of the industrial chain.

　　Ma Yun has a saying that impresses me deeply: "We must become the engine to influence others to shine." From now on, each of our comrades in arms will bear heavier responsibilities. We must work hard step by step to not only realize the dream of big car search to let more users use good cars, but also to ignite other people’s dreams. Only by linking everyone’s dreams together can we send out greater energy.

　　Comrades-in-arms of the big search car, let us continue to walk side by side and work together.

　　Yao Junhong

　　September 3, 2018

　　[First Line] is a product of Tencent News, providing you with exclusive and first-hand business information as soon as possible.

Can navigation software evade the Beijing license camera？ Traffic control department will investigate

　　According to regulations, foreign vehicles entering Beijing need to apply for a Beijing entry permit at the Beijing entry permit office or through the Beijing traffic police mobile phone client side. However, some drivers are thinking of "taking advantage of loopholes" and not applying for a Beijing entry permit, and driving by avoiding the camera. Recently, Beijing Youth Daily found that several mobile phone software clearly marked with the restricted camera appeared in the online software store, and some software even provides detour route planning and navigation to avoid the restricted camera.

　　Navigation software can reduce the risk of being shot by 80%?

　　Recently, a reporter from Beiqing Daily found that some special navigation software appeared in the mobile phone software store. In the introduction of this kind of navigation software, the map in the software will mark the camera of the vehicle with the foreign number plate without the Beijing license. "As long as you avoid these cameras, you can drive in Beijing even without the Beijing license."

　　Developed by "out-of-town car owners who have trouble entering Beijing," the software reduces the likelihood of being detected by cameras by 80 percent, and the software’s map can also navigate a route to avoid entering Beijing, according to the introduction of an 18-yuan navigation software called "Duoduo Entering Beijing."

　　One owner of Duoduo’s foreign license plate number said that he first downloaded the software to drive without penalty when he forgot to renew his license. The owner said that after using the software several times, he found that his violations were not only caught by the camera, but also fined. "Many cameras are not marked, and some are marked incorrectly. The route planned by the software cannot bypass all the cameras."

　　The navigation route may still pass the camera

　　The Beiqing Daily reporter downloaded and installed the "Duoduo Entry to Beijing" software. The map of the software is the same as that of ordinary navigation, but the map of the software has hundreds of red "pushpins" on it, and each "pushpin" shows the location of a camera and the accuracy of the camera. The Beiqing Daily reporter found that some cameras have a reminder that "east-west two-way, you can take the inner lane". The software contains data on 177 morning and evening peak cameras and 192 cameras with entry permits, as well as the update dates and accuracy rates of these cameras, according to a list of cameras in the software.

　　The software also provides a driving navigation service that avoids the camera. A reporter from Beiqing Daily tried to let the software navigate the route from Tuanjiehu Park in Chaoyang District to the People’s Congress Affiliated Middle School in Haidian District. According to the navigation, when the owner travels from east to west to the Lenovo Bridge in the North Third Ring Road, he should turn north and right to enter Zhongguancun East Road. If he turns right to Zhongguancun Street as the usual navigation prompts, he may encounter a Beijing Entry Permit camera located west of Lenovo Bridge.

　　But the Beiqing Daily reporter noticed that the planned route still passed through a red "thumbtack". This camera located in the east of Ximen Bridge on the outer ring of the North Third Ring Road was marked as the camera for entering Beijing. In this regard, the software reminded that the navigation is real-time, and the planned route may still pass through the camera, so "you need to pay attention to avoid the camera".

　　Navigation may pose a threat to user safety

　　As for whether the camera position on the software is accurate, the software developer once said: "The morning and evening peak camera is 90% accurate." At the same time, some industry insiders say that some of the content of the camera data in this software is credible, but the current camera is much more than that.

　　Before 2013, the traffic control department announced that the content of electronic monitoring equipment included "the function of electronic eyes". Some drivers had the opportunity to "exploit loopholes" by inquiring about the monitoring types of these new electronic eyes and grasping the main violations of electronic eyes.

　　Since March 2013, the list of new electronic eyes published on the website of the traffic control bureau has no longer informed the purpose of the electronic eyes. The new cameras only disclose location and location information, not function information. This move is to prevent "knowledgeable" drivers from evading punishment. The developer of this software has also expressed "fear of being investigated".

　　On the afternoon of June 8, a reporter from Beiqing Daily learned from the Beijing Municipal Public Security Bureau Traffic Management Bureau that such software is made by individuals. "Using this software is’non-compliant ‘. Please don’t use this kind of software to take advantage of opportunities. If used improperly, it may threaten the user’s own safety and traffic safety." The traffic bureau said it would investigate and deal with the matter. Article/Reporter of this newspaper, Wang Tianqi

Another 100 new energy taxis are on the road

It is expected to achieve full coverage of cruise taxis "oil to electricity" in 2027

Yesterday, the theme event of Hangzhou’s most beautiful taxis helping a better life "Welcome July 1st" and the signing ceremony of the industry’s party building joint construction and the delivery ceremony of the new car of "oil to electricity" were held. Another 100 new energy taxis were delivered in Hangzhou, promoting the acceleration of the update of cruise taxis.

The new energy taxi delivered in this centralized delivery is Geely Automobile’s geometric A model, with strong battery life, a full charge can run more than 400 kilometers, a smooth and comfortable ride experience, and awesome air conditioning. "Usually running in the urban area, about 200 kilometers a day, even if the air conditioner is turned on, it is enough." At the scene, a brother calculated the account for the reporter. They usually charge at the "Valley Power" charging station, "the maximum electricity is 5 cents, and 15 yuan can run for a day, which is much cheaper than using gasoline."

It is understood that Hangzhou has fully accelerated the promotion of new energy cruise taxis since 2022. According to the "Hangzhou Cruise Taxi Vehicle Technical Standards", since March 21, 2022, the new and updated cruise taxis in the urban area of Hangzhou (except Tonglu, Chun’an and Jiande) must be new energy pure electric vehicles. And before the end of 2024, the cost of new and updated new energy pure electric vehicles will be subsidized by the government, and a one-time operation subsidy of 30,000 yuan can be enjoyed for an operating right indicator.

At present, more than 8,000 cruise taxis have been updated in Hangzhou, including more than 6,500 in Shangcheng District, Xihu District, Gongshu District and Binjiang District. It is expected that by 2027, more than 14,000 cruise taxis in Hangzhou will be updated to new energy vehicles.

In addition, this year, the Hangzhou transportation department will continue to promote the transportation industry system party building "empowering" special project action, including ensuring that Hangzhou’s online car-hailing compliance rate remains at the forefront of the national city ranking; ensuring that more than 500 barrier-free taxis are operating on the road, and explore entering the community service; further improve the Hangzhou Taxi 95128 hotline car-hailing platform and love fleet construction, carry out pair construction, and provide more convenient and comfortable services for the elderly by scanning the code.

Samuel Hung made an appearance at the movie’s opening ceremony, talking about Alan Tam’s lack of contact

Louis Koo, Samuel Hung

Louis Koo, Samuel Hung

　　　　 According to Hong Kong media reports on the 30th, Gu Tianle and Hong Jinbao went to Pingshan on the 30th to participate in the opening ceremony of the new play. Hong Jinbao had a fight in the play and asked if it would be difficult? He said frankly: "There is some difficulty."

　　Gu Tianle said that many actors at the scene were specially trained for drama, and everyone went into battle in person. Mentioning that the movie was specially set in the Kowloon walled city scene in the 1980s, Gu Tianle expressed nostalgia and happiness.

　　Asked if he had any contact with his friend Alan Tam, who has been involved in the recent uproar, he said: "Less, (know about his news?), a little bit," and when asked if he believed the uproar, he became more and more angry: "I don’t know, a lot of things on the Internet can’t be trusted."

Innovative measures of Budweiser China to help road traffic safety construction

　　On March 3rd, Budweiser China and the Traffic Police Corps of Shanghai Public Security Bureau gathered together in Lujiazui cultural landmark — — Pudong Art Museum, celebrating the launch of the theme publicity campaign of "Spring Guarding Action" for Shanghai traffic safety. Zhu Jiangliu, Vice President of Corporate Affairs of Budweiser China, attended and participated in the event to share the latest achievements of Budweiser China in helping road traffic safety construction.

Innovative measures of Budweiser China to help road traffic safety construction

In 2023, Shanghai traffic safety "Spring Guarding Action" theme publicity campaign was launched.

　　This activity is based on "Civilization and Law-abiding     Go home safely as the theme. Ding Bin, director of the Propaganda Center of the Traffic Police Corps of Shanghai Public Security Bureau, said: "Civilized and law-abiding can build a traffic safety defense line, and returning home safely is related to personal and family happiness. As the world’s leading brewer and responsible corporate citizen, Budweiser China continues to carry out public welfare publicity activities, which plays an indispensable role in road traffic safety construction. In the future, I hope that more enterprises will take up social responsibilities and help build a civilized, harmonious, safe and smooth high-quality road traffic environment! "

　　“　Drink wisely　"   sequence　15　year　whole country   Interaction on drunk driving　“　Fat chance   "

　　In recent years, China’s road traffic has developed rapidly. By the end of November 2022, the number of motor vehicle drivers in China has exceeded 500 million, ranking first in the world. According to official statistics, in 2021, there were 273,098 traffic accidents and 62,218 traffic accident deaths in China, and traffic violations were still common. In 2021, the number of non-motor vehicle traffic accidents was 35,141, up 17.3% year-on-year. The emergence of new traffic formats made the situation of traffic safety prevention and control more complicated.

　　As the earliest initiative in China to "drink wisely     Budweiser China, one of the enterprises that refused the public welfare activities of drunk driving, has always been committed to promoting the construction of road traffic safety, and has been innovating for fifteen years. From the "Red Wall of the Forbidden City", "E-sports Battlefield" to "Trendy Street", Budweiser China not only launched publicity activities all over the country, but also frequently launched public welfare "big moves" to young people. 2022 coincides with the World Cup carnival feast. However, according to the survey, during the 2018 World Cup, there were more than 130,000 cases of drunk driving in China [2], and the drinking behavior of fans watching the game may increase the probability of drunk driving. Therefore, in 2022, Budweiser China made another precise attack, reminding consumers with rich online interaction that "Harbin Beer has a door     There is no way to drink and drive!

　　In 2022, Budweiser China once again joined hands with Harbin Beer, which is favored by young people, to combine the popular dance and rap elements and lead the new trend of public welfare in a cross-border way of entertainment — — Recruit drunk driving "goalkeepers" through online methods such as small programs, and rap street dance "Harbin Beer has a door     There is no way for drunk driving, which deeply cultivates community communication and triggers netizens from 100 cities to participate in interaction; At the same time, Huang Jun, a star traffic policeman in Shanghai, was linked to help out, and together with the national "gatekeepers", the "gate" of drunk driving was well guarded.

　　On the day of the event, Budweiser China won the title of "public welfare alliance Cooperation Unit of Traffic Civilization" again, which is the eighth consecutive year that Budweiser China has been awarded this honor. Zhu Jiangliu, vice president of corporate affairs of Budweiser China, said: "For Budweiser China, this is both affirmation and encouragement. We believe that drinking is a positive experience and hope to convey ‘ in a more vivid way. Drink wisely     Refuse to drink and drive ’ The concept of public welfare, to guide a wider range of people to establish road traffic safety awareness. The lone traveler is fast, and many travelers are far away. In the future, Budweiser China will unswervingly respond to the call of the traffic police department, make efforts to coordinate social governance, persist in innovation, and let the concept of civilized and law-abiding and wise drinking enter thousands of households! "

Innovative measures of Budweiser China to help road traffic safety construction

For the eighth consecutive year, Budweiser China was awarded the title of "public welfare alliance Cooperation Unit with Civilized Traffic".

　　“　Traffic safety experience class　"　Upgrade again     Safety of creative teaching AIDS　“　child　"   line

　　Road traffic accidents are one of the reasons that endanger the lives and health of children and adolescents. The road traffic safety problem of children in China is still grim [3], and children have become an important part of traffic safety education. Budweiser China has supported the public welfare project "Traffic Safety Experience Class" guided by the Traffic Management Bureau of the Ministry of Public Security and sponsored by China Children’s Press and Publication Corporation for many years, aiming to help raise the public’s awareness of civilized travel in an innovative form of entertaining and entertaining.

　　In order to better protect the public’s safe travel, last year, the charity project not only upgraded the online training course, but also creatively developed a traffic safety magic schoolbag, including a traffic safety reader, a reflective vest and a reflective yellow hat. At present, Budweiser China has donated more than 8,000 sets of traffic safety teaching AIDS, including magic boxes, magic boxes, magic schoolbags, 100 sets of traffic safety civilized etiquette bags and 5,000 reflective vests to carry out safety education for the community.

Innovative measures of Budweiser China to help road traffic safety construction

　"Traffic Safety Experience Class" public welfare project innovatively launched children’s traffic safety magic schoolbags.

　　Budweiser Group and　UNITAR　Join hands again     Welcome the new future of civilized transportation together

　　In October 2021, the World Health Organization issued the Ten-Year Plan for Global Road Safety Action, calling on countries to take measures to reduce the number of road traffic casualties worldwide by at least 50% by 2030. As supporters of the United Nations Sustainable Development Goals (SDGs) in 2030 and practitioners of global road traffic safety construction, Budweiser Group and the United Nations Institute for Training and Research (UNITAR) are constantly upgrading in the field of improving road safety. Budweiser Group not only effectively promotes the construction of road traffic safety, but also injects new vitality into road traffic safety by using innovative means such as digitalization. In 2022, Budweiser Group and UNITAR continued to cooperate, starting a new chapter in the fields of wise drinking, empowering women entrepreneurs and water resources management, and exploring more innovative and pragmatic solutions.

Innovative measures of Budweiser China to help road traffic safety construction

Budweiser China actively responded to the government’s call to create a harmonious future of "civilized, law-abiding and safe return home" with all parties.

　　Ke Ruige, chief legal and corporate affairs officer of Budweiser Asia Pacific, said: "Budweiser Asia Pacific, headquartered in Belgium and with a history of 600 years, has always placed ESG issues at the core of its strategy and operation, and put ‘ Wise drinking and moderate drinking ’ Included in the eight ESG strategic priorities, we believe that every drinking experience should be positive. Therefore, we have maintained close cooperative relations with partners such as the United Nations Institute for Training and Research, the Traffic Police Corps of Shanghai Public Security Bureau for a long time, helped the high-quality development of road traffic in China, and made full use of digitalization and other means to promote multi-win social value. In the future, we will actively respond to the government’s call, join hands with many partners, lead a good drinking experience with rational and wise drinking fashion, and jointly create a future of common prosperity and symbiosis and applause! "

　　About Budweiser China:

　　Budweiser　China    A number of legal entities operating in China are directly or indirectly controlled by Budweiser Asia Pacific Holdings Limited ("Budweiser Asia Pacific"), which is in a leading position in the field of high-end and ultra-high-end beer. Budweiser China is responsible for brewing, importing, promoting, distributing and selling more than 50 beer brands under Budweiser Asia Pacific, including Budweiser, Time, Corona, Fujia, Harbin and Xuejin. In recent years, Budweiser China has expanded to products other than beer, such as alcoholic beverages, energy drinks and spirits. Headquartered in Shanghai, China District operates more than 30 breweries in China, with a total staff of over 17,000.

　　Budweiser Asia Pacific was established under the laws of Cayman Islands and listed on the Hong Kong Stock Exchange in 2019 with the stock code of 1876, and is one of the constituent stocks of Hang Seng Index. Budweiser Asia Pacific is also the Anheuser-Busch    InBev). Budweiser Group has more than 600 years of brewing heritage, and its business is all over the world.

　　Budweiser Group entered China in 1984, set up Budweiser Brewery in Wuhan in 1995, and registered Budweiser Investment (China) Co., Ltd. in Huangpu District in 2003. In 2011, Budweiser China Shanghai Headquarters was recognized as the regional headquarters of multinational companies by Shanghai Municipal Commission of Commerce.

[Slow hands] Samsung Galaxy S24 5G mobile phone is on the shelves, the original price is 5,500 yuan, and it only costs 4,900 yuan to get it.

Product:Galaxy S24 (8GB/256GB) Samsung cell phone

Samsung Galaxy S24 5Gcell phoneFrom 4900 yuan! Light amber yellow color scheme is snapping up

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[Multi-directional service] One? UI? 6.1 operating system brings you a new experience; Samsung officially promises to provide 7-year security updates and 7-generation OS updates; built-in Galaxy? AI, intelligent auxiliary features are more powerful; and the whole system supports IP68 waterproof and dustproof.

If you are a consumer looking for high performance and a premium photography experience, then this Samsung Galaxy S24 5G phone is the perfect choice for you. Now you can also enjoy multiple discounts, so seize this rare opportunity!

Samsung (SAMSUNG) Galaxy S24 Al Smart Life Office, Super Visual Imaging, 3rd Generation Snapdragon 8 8GB + 256GB Light Purple Yellow 5G AI Mobile Phone

Samsung (SAMSUNG) Galaxy S24 Al Smart Life Office, Super Visual Imaging, 3rd Generation Snapdragon 8 8GB + 256GB Light Purple Yellow 5G AI Mobile Phone

[Dealer]　JD.com Mall

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Enter to buy

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Losses in half a year exceeded 10 billion! When will NIO climb out of the ＂autophagy＂ vortex of gross profit margin？

In addition to huge losses, NIO is getting deeper and deeper in the vortex of "autophagy" of gross margins.

The new power automakers in the first half of 2023 showed a trend of polarization, both in terms of delivery volume and performance.

Looking at the half-year performance of listed car companies according to the statistics of "Automotive K Line", only three car companies in the passenger car sector have experienced the phenomenon of "loss expansion", NIO and XPeng Motors occupy two of them, and they are also lossmaking. NIO’s situation is somewhat special.

1 Former "boss", today "hip pulling"

With the announcement of NIO’s second-quarter results on August 29, the former three giants of new forces "Wei Xiaoli" and the late-comer Zero Run Car both handed over the first half of 2023. Among the three giants of new forces who used to "remember the hardships and think about changes" together, Li Auto has already taken the lead in turning losses into profits and successfully entered the independent head camp. However, NIO, which was ranked first in new forces, has been left behind by Li Auto by a huge gap, and even inferior to the late IPO Zero Run Car.

The second quarter results show that NIO’s operating income in the second quarter of 2023 reached 8.772 billion yuan, down 14.8% and 17.8% from the same quarter, lower than market expectations. Among them, automobile sales were 7.185 billion yuan, with a decrease of more than 20% from the same quarter.

In this regard, the explanation given by NIO is that the average selling price was reduced mainly due to the increase in the delivery of ET5 and 75kWh standard battery packs, and the decline in delivery also led to the decline in Quarter 1 car sales.


"The image is from the NIO announcement."

From the perspective of deliveries, NIO did experience a short-term slump in the first half of the year.

In the second quarter of this year, NIO delivered 23,520 vehicles, a decrease of 6.14% year-on-year and a decrease of 24.22% month-on-month; in the first half of the year, 54,561 vehicles were delivered, a slight increase of 7.35% year-on-year; after June, NIO deliveries gradually picked up and exceeded 20,000 vehicles in July.

Li Auto has continued to break through this year, and has delivered 139,100 vehicles in the first half of the year alone.

As for profits, it is also the case of "one family is happy and several are worried".

In the second quarter of this year, Li Auto’s net profit reached 2.31 billion yuan, an increase of 147.4% compared with Quarter 1, becoming the third new energy automobile company to maintain consecutive quarterly profits after BYD and Tesla.

NIO is showing a trend of expanding losses. In the second quarter, NIO’s net loss was 6.056 billion yuan, an increase of 119.6% year-on-year and 27.8% month-on-month. In the first half of this year, NIO’s net loss has exceeded 10.90 billion yuan, an increase of 139.07% year-on-year. The degree of loss is about two Xiaopeng and close to five zero runs.

No matter whether it is a single quarter or the entire first half of the year, NIO’s net profit attributable to the parent has hit a record low for the same period in history.

When everyone first "debuted" at the same time, NIO was once the "big brother" of the new car-making force in the limelight, but now its profitability is directly at the bottom of the "Wei Xiaoli" three, and it is even inferior to the zero-run car that came from behind.

Where did NIO’s money "lose"?

2 Continuing the "vicious circle" for the first quarter?

In fact, the previously mentioned problem of falling auto sales due to higher deliveries of low-priced cars did not occur only in the second quarter. According to the first quarter performance report of 2023, NIO’s auto sales revenue in the first quarter was 9.225 billion yuan, down 0.2% and 37.5% respectively from Quarter 1 in 2022 and the fourth quarter of 2022.

In this regard, NIO said that the lower average selling price was mainly due to the higher proportion of ET5 and 75kWh standard battery pack deliveries, which was partially offset by the increase in deliveries.

This is the same as the explanation given by NIO in the 2023 second quarter report mentioned earlier.

It can be seen through public information that the price of ET5 75kWh is about 298,000 yuan, while the price of the 100kWh version is about 356,000 yuan, and the price difference between the two is about 60,000 yuan. Although the first and second quarter results did not disclose the specific model sales ratio, the increase in the proportion of low-priced car deliveries brought more than just the decline in car sales.

In the face of the Hong Kong stock market that values delivery volume, NIO sold a large number of low-priced and low-battery models in the first quarter, resulting in gross profit being swallowed up, which is similar to "drinking poison to quench thirst". However, in the second quarter, in addition to the above reasons, the sales of used cars with lower gross margins also increased.

As a result, NIO’s overall gross profit margin fell from 1.5% in the first quarter to 1% in the second quarter, and in 2022, its gross profit margin in the first and second quarters can still be maintained at 14.6% and 13%, which shows that the "side effect" of low-priced models is really obvious.

What needs to be added is that the gross margin of the NIO business alone actually increased by 1.1 percentage points in the second quarter of 2023 due to the decrease in the promotion of the previous generation ES8, ES6 and EC6 models. However, compared with the same period in 2022, the gross margin decreased by more than 10 percentage points due to the previously mentioned product portfolio changes.

It is worth noting that while NIO’s revenue decreased, losses expanded, and overall gross profit margin decreased, investment did not contract. Data show that NIO’s sales, general and administrative expenses in the second quarter of this year were 2.857 billion yuan, which was higher than Li Auto and XPeng Motors 550 million yuan and 1.30 billion yuan respectively.

On the other hand, NIO’s operating expenses are also rising, of which R & D expenses reached 3.345 billion yuan in the second quarter, an increase of 55.6% year-on-year, mainly due to the increase in R & D personnel costs, equity incentive expenses, and new product and new technology design and development.

The poor performance has made the NIO dual shares equally "unfavorable" in the capital markets. In the August list of auto stocks counted by Auto K Line, both NIO dual shares fell from the "red list" in July to the "green list" in August, with a decline of 32.88% (US stocks) and 27.93% (Hong Kong stocks), ranking second and fifth from the bottom of the August total list respectively.

Although the performance and stock price are not satisfactory, NIO is still optimistic. In the third quarter of 2023, NIO expects to deliver 55,000-57,000 new cars, an increase of 74% -80.3% compared with the same quarter in 2022; the revenue guidance is 18.898 billion yuan-19.50 billion yuan, an increase of 45.3% -50.1% year-on-year. Comparing the year-on-year growth rate of deliveries and revenue, it is not difficult to find that in the third quarter, NIO may still be difficult to get out of the whirlpool of gross margin "autophagy".

3 Views ofAutosKline

Looking back at the first half of the year, NIO experienced a period of downturn.

Perhaps the release of the mid-size SUV EC6 on September 15 can help NIO start from "selling more cars" and achieve more profitability.

The victory and defeat of the first half of the year has become history, and a new round of battle between the three Wei Xiaoli families has begun. Li Bin, who has always believed in long-termism, when can NIO climb out of the vortex of "autophagy" of gross profit margins?

The text is original by [Car K Line], some pictures are sourced from the Internet, and the copyright belongs to the original author. The article of this number may not be reproduced without authorization, and violators will be investigated. At the same time, the content of the article does not constitute investment advice to anyone. The stock market is risky, and investment needs to be cautious.

Chery’s new Tiggo 8 exposure： the configuration is greatly increased and there is a 1.5T+48V hybrid!

Tiggo 8 is a medium-sized SUV owned by Chery, and it is also the sales pillar model of Chery. At the beginning of this year, Chery revealed that the Tiggo 8 will usher in a modified model this year, with the internal code name T1D.

A few days ago, we obtained some configuration information of the new Tiggo 8(T1D) through the network channel. In addition to the brand-new innovation and upgrade in appearance and interior, the new car also added a number of comfort and safety configurations.

And in terms of power, the 48V light mixing system was introduced for the first time, which also means that the price of the new car may be raised. At present, the price range of the current Tiggo 8 model is 8.88-155,900 yuan, focusing on the medium-sized SUV market of 100,000 yuan.

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