Celebrating the first anniversary of the countdown to the Beijing 2008 Paralympic Games： Andy Lau sings

　　Last night, the first anniversary of the countdown to the Beijing 2008 Paralympic Games was grandly held at the China Millennium Monument. The famous Hong Kong movie star and singer Andy Lau sang the song "Everyone is NO.1" composed for the Beijing 2008 Paralympic Games.

　　Wang Bingyang, deputy director of the Paralympic Department of the Beijing Olympic Organizing Committee, introduced that "Everyoneis NO.1" was written and sung by Andy Lau. The song vividly depicts the inner life and spiritual world of the disabled with majestic music and touching lyrics. It describes not only the difficulties and sorrows they face, but also their struggles and struggles. It can be called a spiritual portrayal of the self-improvement, optimism and continuous efforts of disabled friends to win dignity. As one of the entries for the Beijing 2008 Olympic Song Collection and Selection Campaign, this song has participated in two countdown celebrations for the Beijing Olympic Games and the Beijing Paralympic Games, and has received positive responses and has been widely welcomed.

　　Andy Lau made a special trip to Beijing to participate in the upload ceremony of the Olympic Music Wireless Charts. In an interview with reporters, he said that he began to contact disabled athletes in the 1990s, and in 2000, he went to Sydney, Australia to watch the Paralympic Games at his own expense. He was very moved by the spirit displayed by disabled athletes on the sports field and in life. This song for the Beijing Paralympic Games is to admire and understand their self-improvement spirit. I hope this song can make more people start to pay attention to, understand, support and help the disabled friends around them, and participate in and support the Beijing Paralympic Games with greater enthusiasm. "To be able to do my little for the Beijing Paralympic Games is not only my long-cherished wish, but also contains a huge pride and glory. I hope this song can become an emotional bridge for disabled and able-bodied people to communicate with each other, so that more people can start to pay attention to, understand, support, and help the disabled friends around them, and participate in and support the Beijing Paralympic Games with greater enthusiasm. "Remembering the process of songwriting, Liu Dehua was filled with emotion and presented the record to the disabled athletes.

Editor in charge: Liu Xinlong

After Evergrande resumed trading…

Today is the first trading day of Hong Kong stocks in October. Evergrande’s two stocks resumed trading today, and China Evergrande has become the most concerned individual stock in the market.

According to the Beijing Youth Daily, as of the close, China Evergrande had a strong performance throughout the day, rising more than 40% during the session.

The biggest intraday rise fell back to about 10%, and then rose again. As of the close, it rose 28.13% to close at HK $0.41, and the turnover was HK $161 million, 73% larger than the previous trading day.

Evergrande Properties rose as much as 14%, but fell as much as 3.39% to close at HK $0.57.

Evergrande Automobile announced in the Hong Kong Stock Exchange on October 3 that at the company’s request, the company’s shares will be temporarily suspended from trading on the Hong Kong Stock Exchange at 9:00 am on September 28, 2023, pending the company’s publication of an announcement on inside information.

China Evergrande announced on the Hong Kong Stock Exchange on the evening of October 2 that the board of directors of the company believes that there is no other inside information that needs to be announced at present. The company has applied to the Stock Exchange to resume trading of the company’s shares from 9:00 am on October 3, 2023.

On the same day, Hengda Property also announced that the board of directors of the company believes that the company’s operating conditions are normal and there is no other inside information that needs to be announced. The company has applied to the Hong Kong Stock Exchange to resume trading in the company’s shares from 9:00 am on October 3, 2023.

According to previous reports, on the morning of September 28, China Evergrande, Hengda Automobile, and Hengda Property announced the suspension of trading on the Hong Kong Stock Exchange.

That evening, China Evergrande Group announced on the Hong Kong Stock Exchange that the company had received a notice from the relevant departments that Mr. Xu Jiayin, the executive director and chairperson of the board of directors of the company, had been taken compulsory measures according to law on suspicion of illegal crimes.

On September 24, China Evergrande Group issued an announcement on the Hong Kong Stock Exchange, containing the terms of the company’s proposed overseas workout ("Proposed Restructuring"). Each new note to be issued under the proposed restructuring shall comply with the "Pilot Measures for the Administration of Overseas Issuance of Securities and Listing of Domestic Enterprises" issued by the China Securities Regulatory Commission and the "Measures for the Administration of Examination and Registration of Medium and Long-term Foreign Debt of Enterprises" issued by the National Development and Reform Commission according to its applicable circumstances. The company must prove that it complies with the relevant provisions. In view of the ongoing investigation of Evergrande Real Estate Group Co., Ltd. (the main subsidiary of the company), the current situation of the group cannot meet the eligibility for issuance of new notes. Holders of securities of the company and potential investors should exercise caution when trading securities of the company.

On the evening of September 22, China Evergrande announced that since the announcement of the company’s planned overseas workout, the group’s sales were not as good as the company expected. Based on the company’s current situation and consultation with its advisors and creditors, the company believes it is necessary to re-examine the terms of the proposed restructuring to match the company’s objective situation and creditors’ demands.

On September 16, the WeChat official account "Shenzhen Nanshan Public Security" issued a case report saying that recently, the public security organs have taken criminal compulsory measures against Du and other suspected criminals of Evergrande Financial Wealth Management (Shenzhen) Co., Ltd. Investors who need to report the case can register the case.

China Hengda in the first half of 2023 financial data show that in terms of liabilities, as of June 30, China Hengda’s total liabilities 2.3882 trillion yuan, excluding 603.98 billion yuan of contractual liabilities is 1.78422 trillion yuan, of which 624.77 billion yuan, trade accounts payable and other payables 1.05657 trillion yuan (including 596.17 billion yuan for engineering materials payable), other liabilities 102.88 billion yuan. Borrowing is 624.77 billion yuan, compared with 612.39 billion yuan at the end of 2022, an increase of 12.38 billion yuan, and the average annual interest rate of borrowing is 7.97%, compared with 8.12% at the end of 2022.

In the first half of 2023, China Evergrande’s revenue was about 128.18 billion yuan, gross profit was about 9.80 billion yuan, gross profit margin was 7.64%, operating loss was 17.38 billion yuan during the period, non-operating loss (including litigation, land recovery, equity disposal and other losses such as asset appraisal impairment) 15.03 billion yuan, income tax expenses 6.84 billion yuan, net loss total 39.25 billion yuan. China Evergrande’s cash and cash equivalents are about 4.047 billion yuan, of which restricted cash is about 9.334 billion yuan.

Source | Observer Network Synthesis

Original title: "After Evergrande resumes trading…"

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Can I, Xu Jiayin, save the day again this time？

Author | Zhou Chaochen

Last Friday (December 2) at noon, the rumor of Xu Jiayin jumping off the building went viral for a while, and it was searched several times. According to self-media statistics, this rumor has been reversed at least 5 times.

Although I don’t know if this rumor is someone deliberately pranking Xu Jiayin, or Xu Jiayin’s self-directed and self-played bitter trick, it’s always a false alarm.

Xu Jiayin’s rumor-refuting style made an appearance. First, a 50-second voice screenshot of Xu Jiayin in the senior management group of Evergrande Group was deliberately released after 1 pm that day. Xu Jiayin said in the senior management group: "The chairpeople of the companies in various regions should ask the brand sales departments to increase the publicity work of the vigorous scene of engineering construction, publicity and promotion, and to increase the publicity and promotion of the construction of the building. The construction of the building and the construction of the project are the key to our sales. Therefore, increasing the publicity and promotion of the sales and delivery of the building is an important foundation for the sales work. Please pay great attention to the publicity and promotion of this project construction and the construction of the building."

Immediately after 7:00 pm, Xu Jiayin appeared in Hengda Group’s special meeting on the construction of the building and the video leaked out. Xu Jiayin once again emphasized that the construction of the building is the top priority of Hengda. In the video with obvious signs of posing and lasting 1 minute, Xu Jiayin said: "From January to November this year, Hengda Group has achieved 256,000 sets of buildings. In 2022, it will strive to complete 300,000 sets of buildings. In December, it is necessary to ensure the quality assurance to complete the 44,000 sets of buildings. There are still 29 days left in this month. There is a tight time and a heavy task. All Hengda employees must unswervingly fulfill our main responsibility and never give up their efforts to ensure the completion of the annual delivery task."

Xu Jiayin knows that Baojiaolou is his only "life-saving straw" for political correctness at present.

Another rumor that appeared along with Xu Jiayin’s related rumors was that in order to reduce costs, the headquarters of Evergrande Automobile Group will be disbanded, and the staff structure of the headquarters will be adjusted. Most people face layoffs, and a small number of people will sink to the factory. According to the China Securities News, people close to Evergrande Automobile learned that the news was not true.

Between life and death, the relevant rumors about Xu Jiayin and Evergrande come at a very delicate moment. Since November, several ministries and commissions have launched three arrows in a row, 16 real estate finance policies and other favorable real estate policies, from saving projects to starting to rescue real estate enterprises, especially some high-quality real estate enterprises have recently been softened by credit. But these policies seem to have nothing to do with Evergrande. As the most indebted real estate enterprise, Evergrande, which has been lying in the ICU for more than a year, seems to be locked in a vacuum and has become an outsider of China’s real estate market rescue policy. Its only way out is to sell assets as cheaply as possible, while shouting that everyone is united to protect the property.

After the Securities Supervision Commission issued the third arrow at the end of November, Bai Wenxi, chief economist of IPG China, commented: "To say that the most aggrieved person today should be Xu Jiayin. The Securities Supervision Commission has finally released the equity financing of class A share real estate enterprises that has been suspended for ten years, but Evergrande has already missed it. Otherwise, Evergrande backdoor deep and deep housing will be implemented immediately, Xu Jiayin can sincerely say that’everything about Evergrande and me, Xu Jiayin, is given by the party ‘, and then continue to increase leverage to dry Evergrande’s real estate debt to 4 trillion, and then the land finance in various places can continue to increase income, and the property market will continue to be hot."

The policies of bailouts and blood transfusions here are one after another, and the news of Evergrande is a different story.

On the afternoon of November 30, Hengda Wealth announced that it would adjust the payment plan issued on December 31, 2021, adjusting the current monthly payment of 8,000 yuan per person to 2,000 yuan per person per month. Obviously, under the pressure of debt, the isolated Hengda capital chain is increasingly tight.

On November 26, Double 11 was put on the shelves of Hengda Shenzhen Bay Super Headquarters land successfully transferred by Shenzhen Anhe No. 1 Real Estate Development Co., Ltd. at a reserve price of about 7.54 billion yuan. According to the media, there is a shadow of Vanke behind the receiver, so some industry insiders believe that Yu Liang helped Xu Jiayin. In fact, as early as last autumn, there were rumors that Vanke was in contact with Hengda, but in the media communication meeting in October last year, when asked if Vanke would rescue Evergrande, Vanke chairperson Yu Liang was vague: "When winter comes, everyone is cold. In the case of cold, we must first solve the problem of how to survive the winter, and first ensure our own safety, in order to save people. How can I save someone if I’m not safe? If I can’t get through the winter, helping others may be purely troublesome. "

After the acquisition of Evergrande’s Shenzhen Bay Super Headquarters site, which is adjacent to Vanke’s new headquarters, the buyer was left wondering how to use the land that Xu Jiayin was supposed to use to reshape Shenzhen’s skyline.

Many people are speculating about the final outcome of Xu Jiayin and Hengda. Huxiu has written many times that Chen Feng and HNA may be the reference frame for Xu Jiayin and Hengda.

The older generation of entrepreneurs, such as Xu Jiayin and Chen Feng, all have one thing in common: a tougher gamble. But Xu Jiayin is different. The entrepreneur who walked barefoot from one of the poorest villages in eastern Henan Province, grew from a manure digger to China’s richest man, and became the "first loser" overnight. He has an extreme desire for survival, and has strong perseverance and mental strength, and will not easily do things that cannot be imagined.

In Evergrande’s growth history, it has encountered several major crises, which have eventually been saved from danger. For example, Evergrande was shorted by US short-seller Citron in June 2012, which said in a report that Evergrande Real Estate was insolvent. While Xu Jiayin asked Evergrande to respond to the short with financial data, he rushed to Hong Kong with executives to seek allies. Eight investment banks, including Bank of America Merrill Lynch, the sponsor of Evergrande’s Hong Kong listing, subsequently issued announcements bullish on Evergrande. The next day, Evergrande’s comprehensive clarification report was released. In the end, Evergrande eliminated the crisis within a thrilling 48 hours.

The most serious failure was Hengda’s first IPO in 2008. In 2008, Hengda frantically acquired land all over the country in order to go public, with a land reserve of up to 45.78 million square meters, becoming the real estate developer with the largest land reserves that year. However, the unfortunate fate was to catch up with the US subprime mortgage crisis, and Xu Jiayin was caught off guard.

In April 2008, Hengda’s listing was blocked, and Hengda had to pay 4.10 billion yuan in July, and had to face major bank loans that matured one after another. At that time, only 4 of Xu Jiayin’s 37 projects in the country met the opening conditions, and Hengda’s funding gap was as high as 12 billion. Xu Jiayin went to Hong Kong to seek help for this. Under the recommendation of Yang Shoucheng, Xu Jiayin met Zheng Yutong, the former chairperson of the board of directors of Hong Kong New World Development Co., Ltd., in order to get life-saving money, Xu Jiayin accompanied Zheng Yutong for 3 months to play hoe big D, and finally received 500 million US dollars of assistance, which solved the urgent need and became one of the members of the big D club.

At the same time, in October 2008, Xu Jiayin decided to let Evergrande Real Estate use the tried-and-true "magic" of price reduction promotion again, and the real estate in 18 cities across the country was sold at a 25% discount across the board. Evergrande took out nearly 20,000 housing units at that time, using ultra-low-price sales strategies, and there were more than 2 million square meters of construction area to benefit consumers, returning 5 billion yuan of funds. This trick was also sacrificed by Xu Jiayin at the beginning of last year. At that time, the splash ads of various apps were basically Hengda’s house sales promotions.

In October 2009, Hui Ka Yin announced that Evergrande Real Estate had once again launched its initial public offering on the Hong Kong Stock Exchange. At the roadshow luncheon on the first day of Evergrande Real Estate, Cheng Yu-tung, the 84-year-old chairperson of the board of directors of Hong Kong New World Development Group, supported Evergrande Real Estate. Zheng Yu-tung’s public statement, which has huge influence in Hong Kong, allowed Evergrande Real Estate to successfully complete the roadshow of the Hong Kong IPO, and received 11 times the international placement super subscription, and the offer for sale part exceeded 46 times.

On November 5, 2009, Hengda Real Estate finally achieved its listing on the main board of the Hong Kong Stock Exchange. At the listing ceremony and listing celebration ceremony of Hengda Real Estate, Zheng Yutong, Chairperson of the Board of Directors of Hong Kong New World Group, Zheng Kachun, General Manager of New World Development Group, Lau Luanxiong, Chairperson of the Board of Directors of China Real Estate Group, and Zhang Songqiao, Chairperson of the Board of Directors of China Chongqing Land, were present to congratulate and give Xu Jiayin face. On the day of Hengda’s listing, Xu Jiayin won the title of the richest man in the Chinese mainland for the first time with a net worth of 42.20 billion yuan, surpassing Wang Chuanfu, the richest man on the Forbes Rich List announced on the same day. Since then, Xu Jiayin has opened the road of crazy expansion and leverage.

It’s just that when Hengda thundered last year, Xu Jiayin’s wealthy friends passed away, and it was difficult to reproduce the brotherhood of that year by selling off (Hengda stocks).

Can the 64-year-old Xu Jiayin save the day again?

Behind the sales volume of 700,000, Geely China Star and China’s high-end market went in both directions.

Although sometimes we always say "don’t judge heroes by success or failure", countless facts of "success or failure" make us have to pay more attention to the winners. Especially under the stock competition, the "involution" of the automobile market is accelerating, and the automobile enterprises are also facing more complicated situations.

According to the retail sales data of the Federation, in July this year, the retail sales of the domestic narrow passenger car market reached 1.775 million, down 2.3% year-on-year and 6.3% quarter-on-quarter. From January to July, the cumulative sales volume was 11.299 million vehicles, only a slight increase of 1.9% year-on-year. Only three car companies that entered the TOP10 retail sales list of car companies in July achieved a year-on-year increase, which further highlighted the "pain" of the current auto market.

Therefore, when we saw that Geely Automobile rose against the trend, especially the performance of "China Star" series was eye-catching, we couldn’t help it. The data shows that Geely Automobile China Star High-end Series not only achieved sales of 700,000 vehicles in just a few years, but also continued to climb in the first seven months of this year. It is necessary to know that China Star’s models are all in the most competitive market in the domestic automobile industry at present, and they are also the "hinterland" of old joint venture brands. Under such "encirclement and suppression", China Star can still achieve such good results, and there must be something extraordinary about it.

Sales performance is only external performance, and excellent product strength is the fundamental reason.

The data can speak: According to the official sales volume of Geely Automobile, in July this year, the sales volume of passenger cars was 138,135, a year-on-year increase of 13%, and it has maintained a year-on-year and quarter-on-quarter growth for six consecutive months; China Star’s high-end series sold 29,696 vehicles, up about 9% from the previous month and over 15% year-on-year. Among them, Xingyue L, one of the flagships of China Xingshuang, reached a record high of 15,666 vehicles in July, with a year-on-year increase of over 24%. At present, the cumulative sales volume exceeds 270,000 vehicles; Since the launch of another 1.5TD model, the overall competitiveness of Xingrui has been further strengthened, which has rapidly boosted sales. In July, sales exceeded 10,204 units in Wanda, and the cumulative total sales exceeded 320,000 units.

Judging from the above data, the sales situation of China Star is good this year. Further analysis shows that the cumulative sales volume of China Star has exceeded 700,000, and it is accelerating at a high base. Taking Xingyue L as an example, the sales volume of new cars is 6000+ and the orders are 30,000+in 10 days, and the average monthly sales volume is over 10,000. In the past two months, it has repeatedly hit record highs, and it is still full of stamina after two years of listing; The same is true for Xingrui. It takes 30+ days from 0 to 10,000 vehicles, and 100+ days from 10,000 to 50,000 vehicles. After 10 months of listing, the sales volume quickly exceeded 100,000 vehicles, and after two and a half years of listing, it quickly exceeded 320,000 vehicles, with the highest market share in a single month of 3.21%. These two cars can be said to have their own traffic genes since they were born, and their debut is the representative of the peak.

From the perspective of market segments, Xingrui entered the hinterland of the sedan market with the price of 100,000-150,000, which was the most competitive and was almost monopolized by joint venture brands in the past. Now, although the "halo" of joint venture brands has weakened, their combat effectiveness is still very impressive. And Xingrui has made great strides all the way, entered the head competition, and constantly set a new record for China sedan with high-value products, becoming a new choice for sedan that can keep pace with mainstream joint ventures and even catch up with joint ventures. How difficult is it? Just think about it.

As for Xingyue L, it is also a masterpiece of hard-core joint venture, and it has entered a battleground for military strategists in the 150,000-200,000-class SUV market. In this already fierce market segment, Xingyue L not only has record sales, but also the average transaction price of all models is as high as 170,000. Facing the joint venture rivals such as CR-V, RAV4 and Tiguan L, it also won recognition with high value and high quality, and became the king of hard-core SUV of 200,000-class.

The models that can stand out in the current market environment must have the hard-core product power to kill the enemy. Two models based on CMA architecture were endowed with "high-value" genes from the very beginning and became the spokespersons of "high-value China cars". Take Xingrui as an example, its 1869mm ultra-wide body +2800mm ultra-long wheelbase, BOSE advanced audio, top-class car fragrance system, dual 12.3-inch high-definition LCD screen +7.5-inch full-color HUD head-up display, as well as the latest Galaxy OS system, a new generation of E02 high-performance chips, etc., not only meet the needs of users’ sense of technology and grade, but also bring users a smooth and easy-to-use intelligent car experience.

Xingyue L, on the other hand, also has the full range of Drive-E 2.0TD power, 100-kilometer acceleration of 7.5s, Aisin imported 8AT gearbox, 100-kilometer fuel consumption of 6.9L, Borg Warner’s sixth-generation four-wheel drive system, as well as AR-HUD enhanced head-up display, Geely Galaxy OS, HWA high-speed driving assistance system and other rich functional configurations, achieving high value that rivals at the same level can’t match. We can see from the inside that why China Star has established a joint venture? How can it stand out in the "hot water" fuel vehicle market? You can find clues from the above points.

Breaking records is not the goal, but enhancing brand influence is the ultimate goal.

At present, China Star has become a masterpiece of Geely’s brand, and it can be regarded as a successful model. In fact, we know that there have been various cases in the high-end breakthrough of China brand, but there are not many real successes; In such a short period of time, the cumulative sales volume of China Star exceeded 700,000 vehicles, and cars and SUVs went hand in hand, realizing the transformation from phenomenal explosion models to classic models, achieving joint venture and killing, and gaining widespread recognition from consumers. Such a situation is rare. Driven by China Star, Geely has achieved the goal of brand promotion, while the high-end strategy is getting better and better.

The high-end image of China Star has brought direct brand premium to Geely and achieved its own market performance. However, high-end is not far from the masses, but should be closer to users, so that more consumers can get a higher-level value experience. For example, in the two years since the birth of China Star, there have been many examples of co-creation with users, such as joining hands with Long Zijia, a cutting-edge jewelry designer, to create the "China Star" ×CIGALONG co-branded limited jewelry "Xingmang", and to interpret the new height of rims; Join the trend fitness brand "Super Orangutan" to jointly create a "Super Player Fitness Party" and launch a series of exclusive private education courses; Jointly with Sanxingdui Museum, a joint-name model of Xingrui Space-Time Edition was launched; The launch of Xingrui only this turquoise version, etc., played a new height for users and successfully approached users.

As the saying goes: the moon comes first by being close to the water. Only by interacting with users can users fully understand that the original intention of high-end is not to be above the top, but to give users a better product experience. As the most direct bridge between brands and users, products are good or bad, which determines the final result of brand development. Only by going deep into users can we deeply understand and actively respond to users’ actual needs, and effectively avoid the embarrassment of "applauding without making a seat". From this perspective, China Star has obviously found its own doorway.

Since the listing of China Star Series, by creating an all-round and ecological "star" experience, cars are no longer cold vehicles, but travel partners who can resonate emotionally; At the same time, in line with the original intention of "fighting for the value of China automobile", China Star took the lead in adopting the strategy of "popularizing high-end products", successfully broke the inherent pattern and brand barriers of joint venture brands, led China brand cars to transform from price advantage to value advantage, gradually grasped the right to speak in China automobile market, and showed the quality and self-confidence of China automobile to the world.

China Star played an important role in helping Geely go to its own sea of stars.

Undoubtedly, the automobile development in the new era is facing all kinds of tests, but no matter how complicated and fierce the competition is, the foundation of constant change is the high-value experience brought by advanced technical strength.

Obviously, the core technology of China Star is its "high value" code. Fundamentally speaking, China Star has CMA, the world’s leading car-making architecture, which can cover the development needs of different models from A-class to B-class, and build a world-class good car.

In terms of intelligence, Geely has already made a forward-looking layout in the fields of low-orbit synchronous satellite, V2X vehicle-road coordination, high-level autonomous driving and so on, and gradually applied it to many models such as China Star, and took the lead in making smart travel in the era of 5G smart travel. Under the guidance of "Blue Geely Action Plan", GHS2．0 intelligent hybrid system, which leads the world in intelligent energy saving and new energy technology, has also been put on China Satellite for the first time.

Technology is the "foundation" of the automobile industry, and technology can only be verified by products. On the Geely China Star model, there is the most genuine technology of Geely, which is also the true embodiment of "high value", and it is also related to the future development of Geely brand. Now these have been verified on China Star products, and Geely’s upward road is stable.

Write at the end:

Why did Geely China Star stand firm with the joint venture brand in the most competitive market segment, and made quite eye-catching achievements against the trend? There is no other reason than its outstanding performance in product strength and marketing service, which shows us the rising road of Geely brand and even China brand, and also verifies its own uniqueness. We believe that China Star will show better achievements in the market in the future, which will contribute to the upward development of Geely brand. We will wait and see.

(This article was originally produced by the editorial department of [Car Industry] New Media, and the author of this article is Wei Wuxian. Please indicate the source when reprinting.)

Wang Jianlin, don’t admit defeat

Article | Market Value Observation, Author | Yuntan, Editor | Xiaoshimei

Wang Jianlin, China’s former richest man, continues to fight while some property companies lie flat.

On the evening of June 28, Zhuhai Wanda Commercial Management submitted its Hong Kong IPO application materials for the fourth time, more than 500 days after the first listing application.

In the past three years, Wang Jianlin’s life is not easy. The impact of the epidemic, the strictest supervision in the history of real estate, a group of once-famous real estate giants have collapsed.

Considering that the betting agreement with investors will take effect at the end of the year, if Zhuhai Wanda fails to list, then Wanda will face up to 40 billion share repurchase pressure.

For Lao Wang, going public is no longer the "icing on the cake". There are only 6 months left. Wang Jianlin, who does not admit defeat, must fight to the back.

"Wanda Commercial Management is Wanda’s core enterprise. I can lose any enterprise, but this cannot be lost."

But this "lifeblood" continued to be undervalued after it went public in 2014, so in 2016, Wang Jianlin decided to delist Wanda Commercial Management.

In the seven years since, the real estate industry has undergone a sudden change, and Wang Jianlin has always adhered to the "three major tasks" – reducing debt, light asset transformation and promoting re-listing.

During this period, Wanda Commercial Management introduced a number of investors, but also buried the risk of gambling.

In 2017, Wanda shares and debt double-kill, Wang Jianlin bite after the teeth, at the expense of borrowing to Sunac, let Sun Hongbin and R & F tension to 63.75 billion yuan to pick up 13 Wanda cultural tourism city and 77 hotels.

At the Wanda annual meeting in January the following year, Wang Jianlin was in tears:In 2017, Wanda experienced too many storms and hardships.

But the wave has not subsided, and another wave has come to attack.

There is no such thing as a free lunch in the world. The nine investors who helped Wanda privatize previously agreed with Wang Jianlin to go public at the end of 2018, otherwise Wanda would have to pay interest and buy back shares.

However, the road to listing of real estate companies is basically locked, Wang Jianlin can only ask for help from old friends, Pony Ma, Zhang Jindong, Sun Hongbin, Liu Jintao opened the purse generously, jointly funded 34 billion, to solve the urgent needs of Lao Wang.

Since then, Wang Jianlin has switched to H shares again, and the listed entity has been changed to Zhuhai Wanda Commercial Management.

On the eve of its listing in Hong Kong, Zhuhai Wanda Commercial Management launched a Pre-IPO financing, transferring 21.17% of its shares to multiple investors such as Country Garden, CITIC Capital, Ant Group, Tencent, PAG Pacific Alliance Investment Group, etc. A total of about 6 billion US dollars (43.50 billion yuan).

The price Wanda needs to pay is that it must complete the listing by the end of 2023, otherwise it needs to buy back investors’ shares. That is to say, if the listing cannot be completed by the end of this year, Wanda needs to use 40 billion funds to buy back the equity.

The same script played out again, but this time, the friends were already cash-strapped, and some of them could not even protect themselves, so there was no money to help others.

For Wanda, which is currently not well-off, the expenditure of tens of billions of dollars is undoubtedly adding to the woes.

The end of the bet is approaching, and the iron man Wang Jianlin must speed up his pace.

In the history of H-share listings, it is rare for such a large number of IPOs to be repeatedly tossed.

Due to the delay in obtaining the "big road" of the China Securities Supervision Commission, some analysts said that,Zhuhai Wanda Commercial Management has set a "record" for the slowest overseas listing of a private company.

As early as October 11, 2021, Zhuhai Wanda obtained the acceptance letter from the Securities Supervision Commission and submitted its first listing prospectus to the Hong Kong Stock Exchange ten days later. But to this day, Wang Jianlin has not yet received the "pass" he has been longing for.

According to past experience, it only takes 3 to 6 months to get from "small road" to "big road", but Wang Jianlin waited 627 days. In addition, several Wanda IPO applications have also stepped on the implementation node of the "Pilot Measures" for overseas listing, and the road to listing can be described as a difficult buff.

Under the pilot scheme, domestic companies seeking to list overseas or in H-shares must obtain, in addition to an acceptance letter from the Securities Supervision Commission, known as a "small road", "H-share issuance approval" issued by the Securities Supervision Commission, known as a "big road". Only after having the "big road" will the Hong Kong Stock Exchange conduct a listing hearing for the company and start the issuance, roadshow and listing work.

In addition to the two "tickets", it also needs to be filed with the Securities Supervision Commission and approved. In other words, Zhuhai Wanda Commercial Management has an additional hurdle of approval.

Previously, Wanda’s listing information had expired three times, and the fundamental reason was that the "big road" had not been approved. On June 2, the China Securities Regulatory Commission raised six major questions to Zhuhai Wanda and asked for supplementary materials. Compared with the ease of listing in 2014, Wang Jianlin’s IPO can be described as even more difficult.

Therefore, in response to the supplementary material requirements of the Securities Supervision Commission, whether Wanda’s reply can pass the customs will be the key to the sprint listing.

Looking at the requirements of the Securities Supervision Commission, it can be seen that the problem mainly focuses on compliance, including corporate governance, capital exchanges with major shareholders, the authenticity of rental rate data, share repurchase, debt repayment arrangements, and high proportion of dividends.

According to the requirements, the issuer should supplement the materials within 30 working days. That means Wanda has about two weeks to prepare this response.

However, it is better to receive a reply than no news. Wanda also pointed out that "requesting supplementary materials is a normal process, and the listing is still in progress."

Just leave Wang Jianlin time is not much, in the face of the Securities Supervision Commission questions, Wanda iron also need their own hard.

If the "big road" is successfully obtained, coupled with the current policy atmosphere to support the real estate market, it is not impossible for Wanda to accelerate its listing.

Wang Jianlin is a man who refuses to admit defeat.

16 years of military experience have created his character of integrity, perseverance, and perseverance.

At the beginning of his business, he ran supermarkets, factories, elevator factories, substations, and eventually waded into the field of real estate development. But real estate is a capital-intensive industry. Due to his lack of experience, he has walked to the edge of the cliff many times due to capital chain problems.

At first in order to obtain a 20 million loan, he has more than 50 times hope to meet the leader of a bank, sometimes in the bank gate a stand is a whole day, but at that time Wanda is still a little-known small business, the bank is not willing to take risks, the final loan or not down.

On the one hand, he was exhausted for loans, and on the other hand, he was unable to start the project for a long time. Wang Jianlin didn’t sleep for nine days and nights at that time, and on the tenth day, he was directly unconscious in the company and was rushed to the hospital.

"You can’t be afraid of humiliation, you can’t be afraid of setbacks. The living can’t be suffocated to death by urine, and the bank can’t find it, so think of other ways." Wang Jianlin finally rescued Wanda, which was on the verge of bankruptcy, by issuing bonds.

In 2000, Wang Jianlin decided to switch to commercial real estate, but Wanda’s troubles still did not stop. In the first three years, Wanda mainly sold, and the merchants who purchased the shops directly sued Wanda in court for poor management.

In just three years, Wanda has fought 222 lawsuits. Although it has lost only two, the company is struggling to cope. Many people left Wanda at that time to find other ways.

Wang Jianlin did not flinch. In the face of difficulties, he believed in the thinking of "actual combat" and explored innovation and solved problems in practice. "When you reach the Yellow River, you will not die, and if you hit the south wall, you will not look back. When you reach the Yellow River, you will build a bridge and pass, and if you hit the south wall, you will turn over with a ladder."

He came up with an "urban complex" model. "Make a commercial center, build office buildings and apartments next to it. Sell apartments, office buildings, get cash flow, and the shops will run themselves."

This "combination of rental and sale" has allowed Wanda to rapidly expand its territory across the country and gradually grow into the country’s leading commercial real estate enterprise.

From an operational perspective,Wanda Commercial Management is China’s largest and most profitable business operations service provider.

According to the prospectus, Zhuhai Wanda achieved 17.196 billion yuan, 23.481 billion yuan and 27.12 billion yuan respectively in 2020, 2021 and 2022; its net profit during the same period reached 1.112 billion yuan, 3.512 billion yuan and 7.534 billion yuan respectively.

It can be seen that after the epidemic was released, Wanda bottomed out and rebounded, successfully achieved a V-shaped reversal, and its profitability increased significantly. Moreover, the profitability level from 2021 (adjusted by a specific algorithm) to 2022 has exceeded the gambling requirements. Considering the signs of consumption recovery, it will also be a high probability event to complete the betting profit requirement of 9.46 billion yuan in 2023.

The parent company Dalian Wanda Business Management Group is even larger, in 2022, Dalian Wanda Business Management revenue 49.314 billion yuan, net profit 12.301 billion yuan.

Taking Zhuhai Wanda as a reference, its revenue is 3 times and 6 times that of Xincheng Holdings and China Resources Vientiane Life Business Management, and 3.4 times that of the entire China Resources Vientiane Life Profit (2.206 billion yuan).

As of the end of 2022, Zhuhai Wanda had 472 projects under management, covering an area of 65.60 million square meters, making it the world’s largest business operations service provider and the only service provider in China to export large-scale management to third parties.

This asset-light model is not only what Wang Jianlin hopes to achieve, but also favored by capital markets. In Hong Kong stocks, the price-to-earnings ratio of China Resources Vientiane Life is nearly 5 times that of China Resources Land. The market value of Country Garden Services once exceeded that of Country Garden, which is mainly engaged in real estate development. Vanke also split All Things Cloud and listed it in Hong Kong.

The "limit for betting" has been reduced, and the listing battle of Zhuhai Wanda will most likely determine the fate of the real estate kingdom. But Wang Jianlin, a soldier, will not easily admit defeat. For now, this big gamble continues.

In April last year, Wang Jianlin took over the 10-year operation rights of the commercial project owned by Hu Baosen, "the first brother of Henan Real Estate"; five months later, two Wanda workshops in Zhengzhou opened at the same time.

In addition, Wang Jianlin also worked with Xinyuan Zhang Yong and Shanxi Tian Sen Du Yinwu, and took over the operation rights of Beijing Blue Harbor and Wukesong Zhuozhan Shopping Center. In 2022 alone, Wanda Commercial Management was involved in more than a dozen transactions.

Taking advantage of the recovery in consumption after the epidemic, Wanda is back on the road. The latest data shows that Wanda Commercial Management Group opened 12 Wanda Plaza in the first half of 2023, with a total of 484 openings. Total rental income in the first half reached 26.32 billion yuan, an increase of 4.5% year-on-year;

In addition, compared with other business management service providers, Wanda is more efficient, with a rental rate of 98.2% in the first half of the year and a 100% rent collection.

In addition to the core sector of business management, Wang Jianlin also pointed out at the annual meeting that in 2023, in addition to promoting the listing of Zhuhai Wanda Business Management, there will be cultural tourism "starting again".

After selling a number of cultural tourism assets to collect funds, Wanda Cultural Tourism "came back" in 2023. After the Lunar New Year, the once-quiet Wang Jianlin made frequent appearances, appearing in Luoyang White Horse Temple, Luoyi Ancient City, Guizhou Danzhai and other places, and immediately signed a number of cultural tourism projects.

Not only that, Wanda also issued a recruitment announcement called "Return to the Goose Plan", which is intended to bring back people who have worked at Wanda Hotels. More than 100 Wanda hotels are said to have participated in the campaign.

Residential real estate has also begun to return to the public eye. Wanda Real Estate (residential sector) focuses on Wanda’s commercial development and has been located in Wuhan, Guiyang and other places.

"In China’s real estate industry, Wang Jianlin deserves to be ranked first in terms of strategic execution and tactical discipline." Hu Baosen said of Wang Jianlin.

From surviving with a broken arm in 2017 to today’s massive counteroffensive, Wang Jianlin has taken precautions and acted countercyclically, which is the key to Wanda’s long-term survival.

Wang Jianlin once said: "Wanda’s difficulties are only temporary and phased, and Wanda will never lie flat." However, since the beginning of the year, the negative news lingering on Wanda has continued to ferment, causing Wanda, who originally "went ashore early", to once again fall into doubt.

However, these negative news are not completely real, and there are still many controversies. For example, the previously frozen equity of Dalian Wanda Commercial Management 1.90 billion, which Wanda said was worth far more than 1 billion yuan in property disputes. Wanda is using legal channels to safeguard the legitimate rights and interests of the company.

Previously, Dalian Wanda suspended the small public debt of 6 billion yuan, taking into account the current market conditions and voluntarily giving up the issuance, and will not have a direct impact on the listing of Zhuhai Wanda.

In fact, after the crisis in 2017, after Wanda repaid more than 200 billion in debt, the "debt nuclear bomb" has been dismantled. The decisive transformation to light assets has also made Wanda lighter.

Moreover, compared with the crazy leveraging companies such as Sunac and Evergrande, Wang Jianlin has a more forward-looking strategic vision. He often takes precautions before the storm, even at the risk of breaking his wrists, ultimately escaping disaster.

At another crucial crossroads, the former richest man in China is facing a crucial battle.

As his favorite song sings: "I want to go from south to north, and I want to go from white to black." At the age of 69, he chose to stubbornly continue to fight.

　

A large number of tickets for the concert cannot be purchased？ Wang Junkai’s fan group issued a document asking the organizer to provide an explanation

On July 25th, TFBOYS sixth anniversary concert tickets went on sale. Many fans who bought tickets said that after entering the Damai APP ticket purchase page on time at the opening time, there were a large number of tickets that could not be purchased, including senior members of the TFBOYS combination official website (fans who recharged 298 yuan membership fee) who had previously claimed to have the right of first refusal. And then scalpers openly sold high-priced tickets on other platforms, so some fans suspected that the platform had locked up a large number of tickets in advance, which caused heated discussions. On the afternoon of the 25th, Wang Junkai’s fan club "Wang Junkai Weibo" issued a statement, hoping that the concert organizer would provide an explanation.

The full text is as followsWhat is it?

Hello, relevant departments and leaders.

On August 10, 2019, the TFBOYS group will hold its sixth anniversary concert in Shenzhen. At 10:00 on July 25, the concert tickets will be sold exclusively on the Barley Network, claiming that 25,000 tickets will be open for senior members of the TFBOYS group official website (fans who recharge the membership fee of 298 yuan) to buy first.

However, ticket-buying fans found that after entering the Damai APP ticket purchase page on time at 10 o’clock, a large number of tickets could not be purchased, and there was a large number of tickets locked in advance! As a result, a large number of fans who have recharged premium members and obtained ticket-buying privilege accounts did not buy tickets.

At the same time, the major scalper organizations on the Internet began to sell tickets at an amount [several times higher than the original ticket price], and the maximum ticket price has exceeded 10,000 yuan! There are even scalpers claiming that the organizers directly provide consecutive tickets!

The exclusive channel of Damai.com has no tickets, but all kinds of scalpers are openly selling high-priced tickets, which makes fans puzzled and unacceptable, and the rights and interests of senior members to buy tickets are seriously damaged! Why is there a large number of scalper tickets when Damai.com is the exclusive agent of tickets, and all the ticket prices are much higher than the original ticket prices, openly sold at high prices on [Taotao Ticket and other apps]!?

We hereby request: All parties concerned to investigate the situation related to the ticketing of this concert and protect the legitimate rights and interests of consumers! Barley is required to provide proof of the number of tickets successfully purchased from 10:00 to the time when the tickets are sold out.

At the same time, as a senior member of the official website of TFBOYS combination, we strongly request @TFBOYS_FanClub @TFBOYS combination @Fengjun culture as the organizer to make a reasonable explanation for why there are a large number of high-priced scalper tickets under the exclusive authorization of Damai.com ticket sales!

It is reported that on July 8, the sixth anniversary concert of the TFBOYS group was officially announced, and it will be held in Shenzhen on August 10, 2019. The concert is called "THE FEVER". According to netizens, the Mayday group will serve as the surprise guest of the TFBOYS concert.

Beijing man registers more than ten accounts for driving an online car, and is sentenced to imprisonment for cheating and making up 10,000 yuan

　　Justice Network News (reporter Yang Yonghao, correspondent Zhou Yu, Liang Shuang) A few days ago, a man in Beijing opened an online car-hailing car to cheat subsidies by the Beijing Daxing District Procuratorate filed a public prosecution, the court sentenced Yang Zhijian to five months in prison for fraud, suspended for ten months, and fined 1,000 yuan.

　　Yang Zhijian to earn a network about car platform high subsidies, has registered 6 driver number, 12 passenger number, with the passenger number to place an order, and then with the driver number to receive orders, driving an empty car after the trip, with the passenger number to the driver number payment, defrauding the platform subsidy 10,000 yuan. On October 18, 2015, Yang Zhijian was arrested by the public security organs.

　　The prosecutor handling the case believes that the occurrence of the case reflects the problems of lax registration review of online ride-hailing drivers, improper setting of reward rules, and poor supervision of the operation process in the operation and management of the company involved. In this regard, the prosecutor issued a procuratorial proposal to the company. The procuratorial proposal attracted great attention from the company, which actively took measures to fill the loopholes in the operation and management, and wrote to the prosecutor about the implementation as soon as possible. Combining the procuratorial proposal with the company’s actual situation, the company has raised the entry threshold for online ride-hailing drivers, strengthened the registration and review mechanism for online ride-hailing drivers, left marks through the computer system, allowed online ride-hailing drivers to get rid of flukes, and strengthened safety education and legal education. At the same time, it has standardized the regulations and order on rewards and subsidies, improved supervision, filled in the loopholes that can be exploited in the rules, and prevented the recurrence of similar crimes.

Driving platform drivers only accept private orders before the festival： 10 kilometers, the asking price is 200 yuan

Private orders before the driving festival: 100 yuan for 3 kilometers!

■ The driver squatted at the door of the hotel and raised the price privately ■ Driving platform: In case of disputes or accidents, it has nothing to do with the platform

Morning News reporters, Wu Linhua, Zhang Shuo, Shen Yang

With the Spring Festival approaching and the number of parties increasing, chauffeurs have become the choice of many people. But recently, more and more citizens have found that chauffeurs are becoming more and more difficult to call. On major chauffeur service software, it is difficult to find chauffeurs to take orders even if they add money. But when these chauffeur service software shows that "there are no free drivers nearby", the chauffeurs squatting at the gates of major hotels gather to chat and wait for business.

It turned out that,Many chauffeurs have not taken orders through the platform recently, but have directly negotiated business with employers at the entrance of the hotel, and the asking price is also hot: 150 yuan for 5 kilometers and 200 yuan for 10 kilometers.

Owners are worried that, compared to the price of the lion’s mouth, these drivers bypass the platform to take orders privately, in case of a traffic accident, what should we do?

[Public feedback]

"Black driving" mode: The driver only accepts private orders.

"It’s clearly only 5 kilometers away, and the driver wants 150 yuan when he opens his mouth, which is too scary." Last Tuesday, Wang Jun (a pseudonym) had a party with friends, and it was nearly 10 pm after three rounds of drinking. Walking out of the hotel, Wang Jun called several driver companies as usual, and the reply was "Sorry, there is no free driver now". Wang Jun opened the driver software on his mobile phone again, either showing "There are no free drivers nearby", or no one took the order after waiting for nearly 10 minutes.

At this time, three or four chauffeurs who had been waiting at the door of the hotel enthusiastically walked towards Wang Jun, but the price they offered was not so enthusiastic: from Changshu Road on Yan’an Road to Caojiadu, less than 5 kilometers, they asked for 150 yuan, and it was a one-off price. In desperation, the slightly drunk Wang Jun had to pay 150 yuan to one of the chauffeurs.

With the Spring Festival approaching, many car owners have encountered the above situation. It turns out that recently, many chauffeurs have stopped turning on the machine to take orders, just waiting at the door of the hotel to take private orders. "The asking price is one or two hundred yuan for the journey closer, and three or four hundred yuan for the farther one. They don’t have to share with the company, so they can earn more." However, what worries Wang Jun is that these chauffeurs take orders privately, isn’t it a return to the mode of "black chauffeur"?

[Reporter visit]

Within 10 kilometers of Hongqiao Road, starting at 200 yuan

At 9:30 p.m. on the 22nd, the morning news reporter arrived at Jingcai Xuan on Hongqiao Road, and many chauffeurs riding electric scooters gathered together in twos and threes at the entrance of the hotel to wait for customers.

"There is no need to swipe, it is difficult to find a chauffeur on the platform now." A chauffeur on an electric scooter kept reminding a man who had just come out of the restaurant. The man swiped the chauffeur app on his mobile phone for three or four minutes, and found that no driver had taken the order. Finally, he stopped: "200 yuan is 200 yuan." Then, the chauffeur drove away with the man.

So, what is the difference between the platform price and the actual price of the driver’s private order?

Reporters use a driving platform APP to place an order. The route is from Jingcai Xuan to Xinzhuang Metro Station South Square, about 12 kilometers away. The driving platform shows 99 yuan, which is still the price after 1.3 times the price has been adjusted due to strong demand.

But the news sank into the sea, and the reporter waited for nearly 10 minutes without receiving any response. The driver software showed that there were no free drivers around, but there were four drivers who had been chatting in front of the reporter.

"Now the starting price within 10 kilometers is 200 yuan, and the price is negotiated directly. There is no need for a platform. If it exceeds 10 kilometers, you will add money." A driver wearing leather pants and a cotton hat rubbed his hands and told reporters that it costs 200 yuan to go to Xinzhuang.

The driver said that the price increase started three or four days ago. Most of the drivers have returned to their hometowns for the Chinese New Year, and some are unwilling to come out to do business because of the cold weather at night recently. There are fewer people and more business, so the fee has also gone up.

The Yellow River Road is 5 kilometers away, and the asking price is 150 yuan.

Because it is located in the city center and has many restaurants, Huanghe Road has always been the first choice for many citizens to gather for dinner. At 9 pm on the 22nd, most dinners were coming to an end, and more drivers gathered near Huanghe Road near Beijing West Road. But when the reporter opened a driving platform APP, the mobile phone screen showed "There are no free drivers nearby".

Before 22 o’clock, according to the official standard of a certain driving platform, the fee should be 39 yuan for about 5 kilometers from Huanghe Road to Sun Yueguang near Dapu Bridge. But when the reporter asked a driver who was unwilling to take orders on the APP, he opened his mouth and asked for 150 yuan. "Just from Huanghe Road to Wanrong Road, Yanchang Road, I asked someone for 200 yuan."

Coincidentally, in a parking lot near the Yellow River Road, a chauffeur was preparing to drive home for the owner. The reporter stepped forward to ask, and the chauffeur admitted that he had received a private order, and "advised" the reporter that if he wanted to find a chauffeur, no one would accept the order on the APP now, "just look for it on the side of the Yellow River Road."

When asked about the price of receiving the order, the driver did not reply, but the owner replied: "100 yuan for a 3-kilometer road, can you afford it?"

[Dialogue with the driver]

The price of private pick-up is more than twice that of the platform.

For the driver Lin Feng (pseudonym), after 8 o’clock every night, the driver’s work has just begun, and from 9 o’clock to 12 o’clock in the evening is the peak period for the driver’s order. He also took orders after 3 o’clock in the morning at the latest.

Lin Feng also confessed to reporters that in addition to being a driver on a certain driving platform, he is also a driver on two other platforms, one person doing three, and there are not a few drivers like him who work part-time on different platforms.

However, as the Spring Festival approached, Lin Feng rarely used the driving software on his mobile phone to pick up jobs. "Look, on my mobile phone, there are more than 30 orders on only one price platform that have not been answered. Although many customers have added 20 or 30 yuan in tips."

Lin Feng and other chauffeurs said that the price of private orders is now more than twice that of the platform, "basically starting at 150 yuan", and will not be drawn by the platform. These days, they can receive at least three orders every night.

Another driver believes that, firstly, the Chinese New Year is approaching, and secondly, the charges are negotiated with the guests, so it is normal to earn more.

At 10:30 p.m. on the 22nd, Lin Feng walked into a restaurant to see the remaining diners, then rode to the parking garage to observe for a while, and calmly told the reporter, "There are still guests, you can wait a little longer."

[The driving platform responds]

Private orders are not guaranteed in case of disputes or accidents

Regarding the phenomenon of private orders taken by the driver, the reporter contacted a driver platform yesterday. The customer service staff said that the driver belongs to the service industry, and the driver cannot refuse the order and cancel the order without reason. The driver must go to work through the driver’s end to listen to the order, hang a tag when making an order, and be equipped with white gloves, seat covers and trunk pads; confirm with the customer before and after billing.

If the user finds that the driver does not go to the platform, increases the price privately, and collects tips indiscriminately, this is a "black order", and the customer can write down the driver’s tag job number and report it to the platform official. The customer service staff said that there are still people posing as the platform’s driving staff, and the customer can also directly take pictures for evidence collection and report it to the platform, or even directly choose to call the police.

The relevant personnel of the public relations department of a driving platform told reporters that at present, as the Spring Festival is approaching, the number of drivers who go to work normally has indeed decreased. There is no specific data on the order volume, but the supply and demand are more tight than usual.

The customer service staff of the chauffeur platform said that it is recommended that users use the platform to find chauffeurs, so that the service quality and safety will be guaranteed. The company has chauffeur liability compensation insurance, and there are clear restrictions on drivers who take detours, are unfamiliar with the road, dump passengers halfway, and have verbal and physical conflicts. Drivers on duty have 12 chauffeur points. If they violate the regulations, corresponding points will be deducted. After deduction, the account will be frozen, and if they are serious, they will be fired directly.

"If the employer and the driver place and receive orders on the official driving platform, if there is a traffic accident, or if there is a traffic violation caused by the driving, you can complain to the driving platform and the platform will deal with it accordingly." Another driving platform customer service staff told reporters yesterday, but if the employer and the driving driver reach an agreement privately, that is, a "private order", in case of a traffic accident or traffic violation, it has nothing to do with the driving platform.

[Lawyer’s statement]

Driving privately takes orders

Suspected of illegal operation

Regarding the phenomenon of driving drivers receiving private orders before the festival, Ge Zhihao, a lawyer at Beijing Guantao Zhongmao (Shanghai) Law Firm, said that drivers who bypass the platform to receive private orders are suspected of illegal operations, commonly known as "black driving". Once an accident or traffic violation occurs during the driving process, both employers and drivers will face huge risks.

Ge Zhihao, a lawyer, said that the driver bypassing the platform to take orders privately is a personal business behavior, and has not obtained market permission, and is suspected of engaging in illegal business operations. Because these "black driver" do not have commercial insurance, in the event of an accident, the responsibility must be borne by the individual: "If the’black driver ‘does not have the ability to compensate, it will be very troublesome for the employer."

Ge Zhihao said that if an employer directly hires an individual to do the driving, in the event of an accident, the employer shall bear the tort liability according to the Tort Liability Law. Of course, if the hired driver causes damage due to intentional or gross negligence, he shall bear joint and several liability with the owner according to law.

But in real life, employers do not know the personal information of the driver. If an accident occurs, the accountability process is very difficult. Once a dispute or loss occurs, the employer is likely to face a situation where there is no way to complain or the loss cannot be made up.

But the situation is different when looking for a driver through the platform. In order to avoid risks, the common practice of the driver company is to raise the entry threshold of the driver, set a unified charging standard and monitor the whole process. The most important thing is to purchase insurance for the driver, the owner and the vehicle.

In addition, if an accident or damage occurs during the driving process, according to the relevant provisions of the Contract Law and the Tort Liability Law, if the driver, as an employee of the driving company, causes damage to other people’s property while performing his duties, the driving company shall bear the corresponding compensation liability; if the driver causes damage due to gross negligence, the driving company can hold him accountable: "For employers, finding a driver through a formal platform can minimize their own risk."

Wu Mengda： After 100 years of performance, I hope the audience can still remember me


1905 movie network feature At the premiere press conference, Wu Mengda picked up his guitar and sang "Kiss Goodbye" on the stage, recreating the classic scenes of the old version of "Oolong Courtyard".


He was still in his exuberant, funny and nonsensical appearance. What had changed was that he was now a white-haired old man who was nearly 70 years old. It was even more hard to imagine that a few years ago, he had been repeatedly reported to have died due to rapid heart failure.

　

At the end of the press conference, Wu Mengda’s 45-year role collection appeared on the big screen, which was really a wave of memories full of feelings. He said on the stage that he was grateful to the audience for their willingness to give him a meal. Acting is the greatest meaning of his survival. He will not retire and will play for another 50 years!


After the press conference, Uncle Da accepted our exclusive interview, and he once again talked about how much he loves performing.

　

"I can’t live without my acting, and I love acting very much. Many people ask me, I’m almost 70, why do you love acting? Although I was sick a few years ago and my heart was not good, I have been following movies and the development of Chinese movies. I really like being an actor. In fact, I can be a director or a backstage very early, but I just don’t want to go."


Yes, 65-year-old Uncle Da will continue to play.

　

"The mainland has a lot of room, and Hong Kong people can’t make deep comedies"


In the early 1990s, Wu Mengda and Chow Xingchi were so popular in Taiwan that they attracted the attention of the director Zhu Yanping. He traveled from Taiwan to Hong Kong to find Wu Mengda, which led to their first collaboration -.


Stills from "Truant"


Zhu Yanping is Taiwan’s version of "Wang Jing", and the production speed is fast enough to release up to five films a year. Wu Mengda never even saw Lin Zhiying from the beginning to the end of the filming of "truancy". It took only four and a half days to film all his scenes.

　

"I was startled, and the effect was pretty good."After that, Wu Mengda collaborated with Zhu Yanping again. This was their second collaboration, and it also launched the "Oolong Academy" series of films that became popular in the video hall era.


"Laughing Forest Kid 2: New Oolong Courtyard" stills


"Oolong Court" was launched that year, in Taiwan whirlwind won 100 million Taiwan dollars box office, breaking records."There were a lot of Hong Kong dramas in Taiwan back then, and I was almost the one who broke the record.", Wu Mengda recalled,"But the’Oolong Courtyard ‘I played with Hao Xiwen and Shi Xiaolong ranked first, higher than my cooperation with Zhou Xingchi!"

　

The next year, they struck while the iron was hot and then pushed the sequel, which was a big hit. Not only in Hong Kong, Macao and Taiwan, but also in Singapore, Malaysia, Thailand and other South East Asia regions, as long as the TV station aired, the audience ratings were very high.


"Invincible R-Star" stills


More than 20 years later, the Chinese film landscape has changed dramatically, and going north to co-produce is the general trend. At this time, the "Oolongyuan" series has ushered in the third installment. In the face of the current market context, we must first face such questions: Is it selling feelings, is it frying cold rice?

　

Uncle Da explained it like this."Although it is old wine in a new bottle, every movie must have its new creation and new classic every time."In his eyes, "a movie is a huge dream factory, and it is fun to have constant creativity with the changes of the times."


So, in "New Oolong Courtyard", where is Uncle Da’s "fun"?


This time, he is no longer playing the old version of the big brother who is infatuated and honest, but the abbot of the Oolong Hospital, Master Changmei. This character is an Internet celebrity live streaming host in the play, who picks up his mobile phone from time to time to engage in live broadcasts. Uncle Da is very interested in these new and popular things. Douyin, Kuaishou, he said he understands it now.


The other was a re-creation of a series of characters. "In the past, when he was in his prime, he played the role of the eldest senior brother who was confused and pretended to be smart. He didn’t know anything, so he pretended to be great.

　

Therefore, we can see such a Wu Mengda in the movie, which is also the Wu Mengda we are most familiar with: from beginning to end, he looks smiling, and when he is angry, he should also smile.


Zhu Yanping, Wu Mengda, and Hao Xiwen were the old version of the team, and the new version added mainland comedians such as Wang Ning, Kong Lianshun, and Song Xiaobao. Happy Twist + Wanhe Tianyi + Benshan Media, the IP of "New Oolong Courtyard" almost brought together the most popular and down-to-earth comedy team in the Chinese film industry.

　

Uncle Da said that he had been following Northeast comedians for a long time and was deeply impressed by "Country Love". He was very familiar with Zhao Si and Xie Dazu.


He believes that there is no difference between Hong Kong comedy, Taiwanese comedy and mainland comedy, and the language of comedy is common all over the world. "The best thing about comedy is that it doesn’t even need dialogue, it may be just a look. Like Charlie Chaplin, in an era without dialogue, it is performed by body language. This is the most lovely and precious aspect of comedy."

　

As an important member of the once glorious era of Hong Kong comedy, he also lamented in the face of the decline of Hong Kong films:

　

"Our Chinese mainland now has a lot of space, everything is more advanced than Hong Kong, and the production cost is higher than Hong Kong. The whole market is thousands of times larger than Hong Kong, tens of thousands of times. Hong Kong is too small, and what we know is limited to Hong Kong culture, real history, classical culture. In fact, we Hong Kong people are not very deep in it. So we have always emphasized making commercial films,Those more in-depth comedies and dramas cannot be filmed by Hong Kong people."

　

"At the craziest time, I read a script 200 times"


In 1973, Wu Mengda applied for the Hong Kong TVB artist training class. The reason for applying for the exam was that he felt very handsome. Of course, his mother’s strong encouragement was also the main reason. After that, he entered the training class with Zhou Yun-fat, Lin Lingdong and others.

　

After graduation, Wu Mengda and Zhou Yun-fa worked together as extras. It was not until the TV series "The Legend of Chu Liuxiang" that he first tasted the popularity of "Hu Tiehua". On the contrary, Zhou Yun-fa, because of his height, could only continue to play tricks on the set.


Wu Mengda played "Hu Tiehua" in "The Legend of Chu Liuxiang"


Soon after his debut, Wu Mengda became a big hit, and during that period, he was completely bloated. He spent every day with his boss, and he described his life at that time as "gambling, smoking, alcohol, and women." The result of erosion was that he owed a lot of debt and was frozen by TVB for four years.

　

There was no drama to shoot, and when he was at his worst, he only had money left to buy a pack of cigarettes. He once thought of suicide. Even his junior brother Du Qifeng criticized him at that time as "a piece of mud that can’t support the wall".

　

After experiencing ups and downs, we must also usher in a change of heart.


Wu Mengda used this time to immerse himself in acting. He watched movies, read books, and studied scripts. After that, he finally turned around with "Sequel to Senior Brother Xinja".

　

He starred in the drama as an instructor opposite Tony Leung. According to him, there was a two-page play that he watched 200 times just to play when he reprimanded Tony Leung in the play"The mouth is scolding him, but the eyes are hurting him"The feeling.


"The Sequel to the New Zha Senior Brother" plays with Tony Leung


"200 times", Wu Mengda mentioned "200 times" again in this interview.


"Every play, every line of dialogue, I may have watched more than 50 times. In the craziest time before, I watched it 200 times.Why did I watch it for so long? Do I have a bad memory? No. Basically watching it five or six times, I can remember most of it, but I have to keep interpreting it from other angles, so I have to keep reading the script and keep giving it more vitality. "


Now, he has developed a habit of reading the script carefully the night before filming, and not bringing the script to the scene on the day of filming. He said that when he was filming "New Oolong Academy", when he worked with Zhou Xingchi in the past, he was even more, "It’s not for the camera, it’s not for the plot, and it’s not for the dialogue. I just eat it all, and then see what can spark each other on the scene, play some fun with the opponent, play tricks on the object, and suddenly come, and the opponent can’t react."

　

The collaboration with Stephen Chow began with "He Came From the Jianghu" and "Hero of the World". At that time, they were father, son and mentor in the play, and they were neighbors who lived across the street outside the play. They were brothers who always discussed performances together in the car before going to the set.


"He Came From The World" Stills


"Gambling Saint" was their true starting point, and likewise, they also achieved "Gambling Saint".

　

In the movie, Wu Mengda was mistakenly beaten by Zhou Xingchi. He was wearing women’s clothes while foaming at the mouth and saying, "It’s alright", "Then let’s go". This funny scene is his temporary design. There is also the classic image of "Third Uncle". When Zhou Xingchi shouted "Third Uncle", he had a seizure like a convulsion, and his whole body trembled. This is not groundless, but his own performance style, and he also named it "Congenital Uncontrolled Disorder".


"Gambling Saint" stills


With improvisation and tacit cooperation, they have crossed the world in one song and one relaxation, becoming the most classic screen partner in Hong Kong film history.

　

In the eyes of the public, Wu Mengda may be the "little follower" next to Zhou Xingchi in the movie. Since the movie, he has hardly played a male lead. He doesn’t mind the light and heavy scenes at all."I treat the protagonist and the supporting actor the same, and I pay the same. I won’t say that the protagonist is more nervous or that I will play the supporting role casually. No, absolutely not."

　

Some time ago, he made another cameo appearance in a big movie "Sir Wei", where he played Hai Gong again. In the TV series "Xiaobao and Kangxi" and the movie "Lu Ding Ji Ji", Wu Mengda has played Hai Dafu twice, both of which are funny and crazy. This time, he seems to be reinterpreting in the opposite direction of insidious and fierce.


"Hai Dafu" in "Lu Ding Ji"


"Comedy, farce, tragedy, drama, I have filmed all kinds of dramas, what else can I do?"He said that he didn’t want to do repetitions, but he had no choice but to play too many roles. Even if it was a new production, a reenactment, or a cameo, he believed that there was still a lot of scope and space to complete better performances.


"Sorry for not acting　

And influence me the most "


Uncle Da was very honest, saying that he really couldn’t do without acting, and even when he was hospitalized and sick before, he was concerned about the movie and the set.

　

"I keep wanting to act, and I keep hoping to create, which will make me younger. Living in the film and television industry, there is a group of people who accompany you to play and chat every day, and respect you very much. This is the greatest pleasure in life, and it is also the job I like."

　

When it comes to the most satisfying roles, he listed four:The third uncle in "Gambling Saint", Li Sucan’s father, Hai Dafu in "Lu Ding Ji", and Taibao in "Heaven Ruoyou Love".

　

He has created a lot of classic comedy roles, but so far, it is this tragic little character in "Heaven Ruoyou" that has won him the only Hong Kong Film Awards for Best Supporting Actor.


"If there is love in the sky" stills


Similarly, in this interview, we also found a Wu Mengda who is completely different from the stereotype of "comedian".

　

He said that the biggest regret in his life was not being in "The Wrong Ride," and that he wanted to play the sad, mute father so much. In his opinion, the performances of the movie version of Sun Yue and the TV version of Li Xuejian are great, but from the body language to the eye details, he believes that there is a different way of acting from them.

　

In 2006, in the variety show "Operation Style", he passed the addiction of "Riding the Wrong Car". But it was just a small segment of the show’s acting, and he had to get into the play and get lost in it. Although his easy-to-put acting skills were not realized in the "Riding the Wrong Car", they were in "Heaven If You Love", and later football coaches, more visible.


Wu Mengda performed "The Wrong Ride" in a variety show.


The movies that influenced him the most were not comedies, but Chen Kaige’s "Yellow Earth" and Hou Xiaoxian’s "Love and Dust"."I’ve watched these two more than 50 times, and they both have videotapes. I watch them almost every day when I have time, and learn something from them."

　

Two literary films, two literary films with the same sense of loneliness.


　

"If you don’t like it or worry, what are you singing?"In the dialogue in "The Yellow Earth", he said he would always remember it."That tone is really lonely and wandering, but it will hit your heart. The whole atmosphere is too painful."

　

And "Love the Wind and Dust", born in Xiamen, he may have aroused his memories and nostalgia for southern Fujian in the local atmosphere of this Taiwanese film.

　

I watched Uncle Da’s "congenital disorder" in comedy movies, but I forgot that he was so calm and peaceful in the audience, and even willing to embrace loneliness and loneliness.


"Stephen Chow’s golden partner" and "the all-purpose supporting actor of Hong Kong movies," Wang Jing also described him as "a good actor who can act in big comedies and big tragedies, and a really good actor with acting skills." Some people even said that he is "China’s Morgan Freeman."

　

"In 50 years, in 100 years, how do you want the audience to evaluate you?"

　

At the end of the interview, we threw this life summary question to him, and he quickly put away his smiling face, thought for a few seconds and said,"I hope the audience can still remember me, I hope the audience still has the impression of’Wu Mengda ‘"…

　

As soon as he finished speaking, he asked again without reason."Huh? 50 years from now, 100 years from now, I’ll still be here, ask again then!"

　

After calming down, he laughed and teased again. Well, this is Wu Mengda.


Text/Kono

Photo/Yang Nan

Video/Teacher Meow


Geely’s mobile phone satellite communication patent is authorized

　　Recently, a patent for "a satellite antenna transceiver module and mobile end point" applied by Hubei Xingji Times Technology Co., Ltd., an affiliate of Geely mobile phone, was granted, according to the Tianyancha App.

　　The abstract shows that in the utility model patent, the satellite antenna transceiver module is located on the metal frame of the moving end point, which includes a plurality of satellite antennas, and the spacing of adjacent satellite antennas is greater than a preset value; at least part of the plurality of satellite antennas is configured as a transmitting antenna, and the rest is configured as a receiving antenna. The satellite antenna transceiver module provided in this patent is used on the moving end point, which improves the performance and communication quality of the antenna.