标签： 上海后花园

The top ten investment and financing cases in the primary market in 2023： semiconductors attract the most money, and industrial capital and state-owned assets carry the weight

2023 is about to come to an end. Looking back on the first-tier market investment and financing this year, the overall cold atmosphere remains the same. There are more projects than money, and it is difficult to find top gifters for valuation declines, but there are also a few "Aoxue cold plums" dotted throughout the winter.

The Securities Times reporter combined the execution data (by financing amount) to sort out the top ten investment and financing cases in the primary market in 2023. Almost all of these companies that received large financing were concentrated in the field of semiconductors and new energy vehicles, especially the top semiconductor companies still have a huge ability to attract money. In addition, industrial capital and national funds have become the main top gifters behind these large financing cases.

Which companies are the most "gold-sucking" in 2023? Let’s see the following.

01, JITA Semiconductor completed 13.50 billion yuan financing

In August 2023, Shanghai JITA Semiconductor Co., Ltd. (referred to as "JITA Semiconductor") completed a 13.50 billion yuan financing. This round of financing brings together a number of national funds, industrial investors, local funds, and well-known financial investors. According to public information, JITA Semiconductor is a characteristic process integrated circuit chip manufacturer, focusing on the research and development and manufacturing of characteristic production processes required for analog circuits and power devices. The chips produced by BCD, IGBT/FRD, SGT/MOSFET, TVS, SiC devices are widely used in automotive electronics, industrial control, power management, intelligent end points, and even high-end app stores such as rail transit and smart grids.

It is worth mentioning that JITA Semiconductor also introduced Dr. Zhang Rujing, known as the "father of China’s semiconductor industry development", as an executive director in 2022. It is reported that JITA Semiconductor has built two plants in Lingang New Area and Xuhui District of China (Shanghai) Free Trade Pilot Zone, with a total capacity of 280,000 pieces built and under construction, and has made significant progress in the 12-inch automotive chip project.

02, Runpeng Semiconductor received 12.60 billion yuan capital increase

In August 2023, China Resources Microelectronics Co., Ltd. announced that its subsidiary Runpeng Semiconductor (Shenzhen) Co., Ltd. intends to increase capital and expand shares and introduce external investors such as the second phase of the National Integrated Circuit Industry Investment Fund Joint Stock Company. After the transaction is completed, Runpeng Semiconductor’s registered capital will increase from 2.40 billion yuan to 15 billion yuan, of which China Resources Microelectronics plans to increase investment 2.575 billion yuan this time, and the equity ratio of Runpeng Semiconductor held will decrease to 33%; the second phase of the big fund plans to increase investment 3.75 billion yuan, holding 25%, the second phase of the China state-owned enterprise structural adjustment fund plans to increase investment 1.50 billion yuan, holding 10%.

According to public information, Runpeng Semiconductor was established in June 2022 and is a power chip developer. The company’s business includes integrated circuit design, mask manufacturing, wafer manufacturing, packaging and testing, and discrete devices. It is mainly responsible for the construction of China Resources Microelectronics Shenzhen 300mm integrated circuit production line project, focusing on the simulation characteristic process above 40nm. The products are mainly used in automotive electronics, new energy, industrial control, consumer electronics and other fields. At present, Runpeng Semiconductor is still in the construction period and has not yet generated operating income.

03, Nezha Auto received 7 billion RMB crossover round financing

In August 2023, Nezha Automobile announced that it had completed a crossover round of financing totaling 7 billion yuan. Nezha Automobile is one of the leading new car manufacturers in China. In 2022, Nezha Automobile’s annual sales reached 152,000 vehicles, ranking first among new car manufacturers. In the first seven months of 2023, 72,500 vehicles were delivered, down 6.11% year-on-year.

Data show that from September 2017 to July 2022, Nezha Automobile received multiple rounds of financing. In July last year, Nezha Automobile announced the completion of the D3 round of financing, with a financing amount of more than 3 billion yuan; in addition to the previous D1 round and D2 round of financing, Nezha Automobile’s D round has accumulated financing of nearly 10 billion yuan. There are many companies and institutions investing in Nezha Automobile, including Ningde Times, Shenzhen Venture Capital, 360 Group, Huading Capital, Zhihe Travel, etc.

04, Huasheng New Energy received B + C round of financing over 5 billion yuan

In November 2023, Huasheng New Energy announced the completion of over 2 billion yuan C round of financing, led by China Green Hair Investment Group, Bank of China Assets and China Post Insurance, Wuxi Guolian Financial Investment Zhiyuan and emerging assets continued up the ante. As early as January this year, Huasheng New Energy has received over 2 billion yuan B round of financing. Two months later, Hongtai Fund announced its participation in Huasheng New Energy’s B + round of financing. So far, the total size of B series financing exceeds 2.40 billion yuan, and the post-money valuation 10 billion yuan. That is to say, Huasheng New Energy has received over 5 billion yuan in financing in 2023.

Founded in 2020, Huasheng New Energy mainly deploys silicon-based heterojunction solar technology research and development and large-scale production of products. According to the official website, one year after its establishment, Huasheng New Energy’s HJT cell monolithic efficiency exceeded 25.26%. By the end of 2022, Huasheng HJT production capacity had reached 2.7GW, accounting for nearly a quarter of the total market. In September 2023, Huasheng New Energy announced that it had achieved a company-wide operating profit. It is worth noting that Huasheng New Energy has announced its listing plan in September last year. It plans to start share reform in August 2023, and strive to start IPO filing in 2024.

05, Haichen Energy Storage completed the C round of over 4.50 billion yuan financing

In July 2023, Xiamen Haichen Energy Storage Technology joint stock company (referred to as "Haichen Energy Storage") completed the C round of financing, with a total amount of financing exceeding 4.50 billion yuan. This financing was jointly led by Guoshou Equity and Financial Street Capital, and was jointly led by Bank of China Assets, Jinshi Investment, SDIC Investment, China Venture Capital Fund, CICC Capital, CDH Baifu, and Sino-US Green Fund. First Construction Investment New Energy, Hefei Industrial Investment and existing shareholders Fenghe Capital, Jingwei Venture Capital, Agricultural Bank International, China Bing National Investment and other follow-up investments. According to industry sources, Haichen’s post-money valuation exceeded 30 billion yuan this round.

Haichen Energy Storage was established in 2019. The company is mainly engaged in the research and development, production and sales of lithium battery core materials and lithium iron phosphate energy storage batteries and systems. At present, the company’s products include square batteries, round batteries, battery modules and battery clusters, which can be widely used in household storage, base stations, photovoltaics, wind power, grid side, industrial and commercial energy storage and other scenarios. It has been 5 years since its establishment, and the company has completed 6 rounds of financing. At the same time, the company’s class A share IPO coaching was officially opened in July this year, with Huatai United Securities as its coaching agency.

06, Changfei Advanced Semiconductor completed over 3.80 billion yuan A round of financing

In June 2023, Anhui Changfei Advanced Semiconductor Co., Ltd. announced the completion of over 3.80 billion yuan A round of equity financing, with new investors including Optics Valley Financial Holdings, Fuzhe, Zhongping Capital, China Building Materials New Materials Industry Fund, CICC Capital’s funds (CICC SAIC, CICC Ruiwei, CICC Zhixing, CICC Qihe), Haitong M & A Fund, Guoyuan Financial Holdings Group’s funds (Guoyuan Equity, Guoyuan Fund, Guoyuan Innovation), Luxin Venture Capital, Dongfeng Assets, CCB Trust, October Capital, Hua’an Jiaye, Zhonghu Zhiyun, Baoyue Qicheng, Yunxiu Capital, etc.

Changfei Advanced focuses on silicon carbide (SiC) power semiconductor Product Research & Development and manufacturing. It can produce 60,000 6-inch SiC MOSFETs or SBD epitaxial and wafers, 6.40 million power modules, 18 million power single tubes, and currently can provide 650V to 3300V SiC SBD, SiC MOSFET related products. Changfei Advanced has now started the construction of the second base in "Wuhan · China Optics Valley". The investment scale of the first phase of the project exceeds 6 billion yuan, and the total investment of the project is expected to exceed 20 billion yuan. The first phase of the project will be completed in 2025. It will become the largest domestic silicon carbide production capacity (annual output 360,000 silicon carbide wafers), a complete packaging production line, and an integrated new highland including epitaxial growth and cutting-edge innovation centers.

07, Avita Technology completed the B round of 3 billion yuan financing

In August 2023, Changan Automobile announced that Avita Technology announced the completion of the B round of financing, the proceeds raised 3 billion yuan, and the post-money valuation was nearly 20 billion yuan. After the completion of this capital increase, Changan Automobile’s shareholding ratio remained unchanged at 40.99%, and Ningde Times held 14.1%, ranking second. In this round of financing, Changan Automobile, Southern Assets, Liangjiang Industrial Fund, etc. continued to increase investment, and also introduced Chongqing Industrial Fund of Funds, Bank of Communications Investment, Guangkai Holdings and other state-owned capital.

Avita Technology was established in July 2018, formerly known as Changan NIO, a joint venture between Changan Automobile and NIO, and changed its name to Avita Technology Company in May 2011. At present, Avita Technology has delivered more than 12,000 vehicles. Although it is not much among new energy vehicle companies, the company has been deeply bound to Huawei and Ningde Times. In August this year, Avita Technology announced that it will become the first batch of new energy vehicle brands equipped with Ningde Times Shenxing super-charged batteries, and Avita 11 Hongmeng Edition has also been listed.

08, YiSiWei calculates the completion of over 3 billion yuan D round of financing

In June 2023, Beijing Yisiwei Computing Technology Co., Ltd. (referred to as "Yisiwei Computing") announced the completion of the D round of financing of over 3 billion yuan. This round of financing was led by Financial Street Capital, Guoxin Venture Capital jointly led the investment, Yizhuang Guotou, Ruicheng Fund, China-Singapore Fund, Yixing Fund, Guangfa Qianhe, Jiantou Investment, Guangzhou Industrial Investment Group, National Integrated Circuit Industry Investment Fund Phase II, Yuncong Technology, Juhu Dream, Chuxin Fund, Caiyuan Capital, ultra-high definition Industrial Fund and other institutions followed suit.

The head of Yisiwei Computing is Wang Dongsheng, who is known as the "father of China’s semiconductor display industry". Since its establishment in 2019, the company has taken the RISC-V computing autonomous architecture as the core of its development. It has now formed a full-stack platform that integrates software and hardware with RISC-V. It is a new generation of computing architecture chip and solution provider with RISC-V. RISC-V is an Instruction Set Architecture architecture based on a streamlined Instruction Set Architecture architecture that can improve the performance and programmability of computers. In the context of cloud computing and AI explosion, it is highly sought after by enterprises. At present, RISC-V is in its infancy globally, and Chinese enterprises are in the first echelon in ecological construction. It is also seen by domestic manufacturers as an opportunity for domestic chip overtaking. In terms of hardware, Yisiwei Computing has completed the development of a series of 32-bit embedded core processors and applied them to dozens of self-developed chip products; the series of 64-bit processor cores has been verified, and related chip products will be used in multimedia, edge computing, wearable devices and other scenarios.

09, Xinwangda battery received more than 2.40 billion yuan in financing

In February 2023, Xinwangda announced that its holding subsidiary, Xinwangda Electric Vehicle Battery Co., Ltd. (referred to as "Xinwangda Battery"), received investment from 19 investors, spending a total of 2.43 billion yuan, and obtained about 19.5% of the equity of Xinwangda Battery. Investors include Li Auto, SAIC Group, GAC Group and other car companies. Based on this calculation, the current valuation of Xinwangda Battery is about 12.40 billion yuan. After the completion of this capital increase, Xinwangda is still the controlling shareholder of Xinwangda Battery, with a shareholding ratio of 57.5%.

According to the previous disclosure of Xinwangda, Xinwangda Battery has received orders for power batteries for a number of new models such as SAIC-GM Wuling and Dongfeng Liuqi, and has also carried out business cooperation with Renault-Nissan Alliance, Geely, Dongfeng Liuqi and other car companies. According to the data of China Power Battery Industry Innovation Alliance, from January to November 2023, Xinwangda Power Battery installed 7.24GWh, with a market share of 2.13%, ranking sixth in China.

10, Suiteng Juchuang through G series financing over 1.10 billion yuan

In April 2023, Suiteng Juchuang completed the G-1 series of 400 million yuan financing, and the G-2 series of 790 million yuan financing was completed at the same time, raising a total of 1.19 billion yuan twice. Suiteng Juchuang was founded in 2014 and is committed to promoting the large-scale commercialization and popularization of lidar. It is the only enterprise in the world that has realized the mass production and delivery of intelligent solid-state lidar car specifications. It has received fixed orders for more than 40 mass-produced models from BYD, GAC Aian, Weimar Automobile, Jitu, Lotus Technology, Yingche Technology, Zhitu Technology and other projects.

A few days ago, Suiteng Juchuang has launched a global prospectus and will be listed on the Hong Kong Stock Exchange on January 5, 2024. According to the prospectus, Suiteng Juchuang has received many financing since its establishment. Suiteng Juchuang completed C series financing in 2019, with a total scale of 250 million yuan; completed D series financing in December 2020, with a total amount of nearly 4 billion yuan so far. The investors participating in its new round of strategic financing include Yutong Group, Hubei Xiaomi Yangtze River Industrial Fund, Hong Kong Lixun Co., Ltd., Geely Holding Group; Lotus Technology, BAIC Group, GAC Group, BYD Group, Desai West Wei, as well as China Renaissance, Yunfeng Fund, Kunzhong Capital, Jinglin Investment, Chenling Capital, a number of funds under Oriental Fuhai, Kang Chengheng, Zhongxin Sunac and Xingshao Venture Capital, etc.

Editor in charge: Yue Yanan

Proofreading: Wang Wei

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.

The documentary ＂Looking for Guiyang＂ explores the water rhyme and exotic food, dumping everyone.


1905 movie network news Since its broadcast on March 25th, Quest for Guiyang has made the audience see a different Guiyang: it is a summer capital that enjoys a good reputation at home and abroad, and the comfortable and slow pace of life makes people yearn for it. Guiyang is not only a model of China’s eco-city and big data smart city, but also a flavor museum with numerous special cuisines.


There are 98 rivers criss-crossing, and karst landforms make Guiyang like a city floating on water. The second episode of "Shui Yun Yuan Rong’s Dietary Wisdom" takes "water" as the starting point to show the treasures of Southwest China, explore the delicacies of water born of different forms, and lead the audience to deeply understand the ingenious mystery of Guiyang flavor from a new perspective.


Time precipitation Guiyang shuiyun


Water not only breeds life, but also is a skillful craftsman in shaping flavor. It exists in different forms in different spaces, and it is related to rivers, rainfall and various microorganisms, so it also produces different forms of food and flavor.


Local people can not only flexibly use water resources to create delicious food, but also discover more flavor secrets in the process of fighting against humidity, all of which have a subtle influence on Guiyang people’s taste preferences and lifestyle. With the help of the unique local microbial flora, fresh soybeans were fermented into local lobster sauce, which was similar to the Japanese national food natto. However, Guiyang people gave it more room for deduction, and lobster sauce continued to ferment for six months, forming a bean paste-like lobster sauce cake. The complex flavor precipitated over time, bringing more outstanding magical taste. These foods made by different processes such as fermentation are even more stunned by the audience and exclaim that the food after Nirvana’s rebirth is still amazing.


Traditional techniques contain folk wisdom.


There are many rivers in Guiyang, and the annual precipitation exceeds 1000 mm. Such a region and climate have created extremely rich aquatic resources in Guiyang. Rivers pass through mountains, and after hundreds of millions of years, mysterious sinkholes and caves have been created. Cave fishing reflects the local aquatic characteristics. The water temperature is lower than 20 degrees Celsius all the year round, and the fish grows slowly, making the meat more tender and firm. Luo Bangyun, who runs a beancurd shop, uses anti-slip sandals and fishing techniques handed down from generation to generation to collect these delicious fish and shrimp as delicious dishes. Whether it is fried or steamed, or dried fish, the locals who live near the water use their ingenuity to give birth to a new flavor.


Some flavors are fresh and palatable, while others need time to brew slowly. For Wei Xing Wu, an old chef, despite the increasingly developed preservation technology, traditional techniques are more worthy of spreading. Fresh pork is sterilized by hot oil at high temperature, quickly fried into thin crispy skin, and then immersed in lard for preservation.


Relying on oil to isolate water and air, the texture and taste similar to fresh meat can be preserved for more than one year, which is the traditional oil-bottomed meat in Guiyang. Guiyang people have a unique way to preserve food, and these traditional techniques, which have been precipitated over time, are the persistence of craftsmen from generation to generation and the great wisdom of folk food.


Fire and water quenching change surprise: strange food combination collapses everyone


Water is unpredictable and breeds countless delicious foods. In the local area, people come and go in different periods, and a variety of soy products have evolved, which is dazzling. If the quality of tofu is good, the local well water is indispensable. The unique bean curd soaked in green rock, and the bean curd made of chicken minced with soybean milk, all kinds of strange combinations have undergone repeated quenching of water and fire, changing into surprising bean food, which makes people salivate.


Guiyang, located at low latitude and high altitude, has a mild and humid climate, with lush trees all year round, but there are also delicious foods that only appear briefly in autumn — — Purple fungus. Whether cooked alone or with other ingredients, its fragrant and sweet taste has attracted many people. Some viewers lamented: "This short but wonderful existence, just like our life, we should learn to enjoy the happiness of the moment even though we keep walking."


Fire and water blend to light the southwest: Guiyang people understand the hot pot.


As the city with the highest frequency of enjoying hot pot per capita in China, hot pot accounts for half of Guiyang’s diet. In the food logic of Guiyang people, you can’t cook hot pot without ingredients, and there is no single hot pot item that can dominate here. With the broadcast of "Looking for Guiyang", netizens and viewers have also exposed the hot pot food here, laughing that "Guiyang people really understand the hot pot!"


According to statistics, there are new hot pot categories in Guiyang every year. For Guiyang people, whether it’s a pot with rich taste of bittern soup or a pot with sweet and smooth beans and rice, it’s an all-inclusive flavor and a bond to maintain the world. The unique taste of Guiyang is also passed down from generation to generation through this water bond in this ancient food custom.


The program group also said: "In addition to hot pot, there are too many delicious foods here, all with local characteristics. Like delicious and heavy beef soup, elastic and tough cowhide and smooth sour powder, it is a perfect combination. These delicious foods with the smell of Guiyang fireworks carry the memories and thoughts of Guiyang people, as well as the soul comfort of thinking about the source of food. I hope that the audience can experience those’ subtleties’ that cannot be copied in "Looking for Guiyang" and find their own good memories. "


Foundation has its own skin care effect, and ＂combination of makeup and care＂ has become a new trend of beauty makeup.

　　Even after the impact of the epidemic, the domestic cosmetics market still maintained a growing trend. The business data center of the financial media CBN recently released a survey on cosmetics consumption. The report showed that the field of cosmetics showed a trend of personalization and skin care with data: the consumption scale of skin care cosmetics increased more than six times in three years, while the proportion of skin care makeup was over 90%, among which BB cream /CC cream had the highest growth rate. Among consumers’ demands for the efficacy of skin care cosmetics, moisturizing is the core demand, and herbs, ancient prescriptions and essence are the main publicity points of skin care cosmetics. "Combination of makeup and nourishing" has become a new trend of makeup consumption. On the one hand, consumers’ promotion of skin care requires that products can achieve skin care effect while maintaining beauty; On the other hand, make-up brands try to combine their functions through continuous product innovation and research and development.

　　

　　Taking the legendary light and soft focus liquid foundation as an example, the functions of liquid foundation and skin cream are combined through product development and ingredient collocation. According to the feedback from users, this product has a good hiding power. After application, it can hide the true color of skin and give users an ideal complexion. It can also hide tiny flaws, and the whole makeup feels natural and shiny. Consumers are very satisfied with this effect. After a day’s experience, you will also find that the whole makeup is very durable, and it will be very docile after being applied to the skin, and there will be no makeup removal; In addition, the legendary light-transparent soft focus liquid foundation in this life has strong ductility and fine powder quality, and the embarrassing phenomenon of "powder sticking" has almost never appeared.

　　

　　Many consumers think that this liquid foundation has no heavy and greasy feeling after use, especially after cleansing, and there is no obvious tension on the facial skin. This is because Legend has been light in this life and has its own maintenance function. Its herbal makeup, which is more suitable for orientals, makes the skin’s day’s work stress-free. For example, its rich ganoderma lucidum stem extract can enhance the metabolism of skin cells and improve the skin protection function; The extract of Grifola frondosa fruiting body can enhance the moisturizing ability of cells; Mushroom mycelium extract is rich in biological enzymes, which can enhance the skin barrier and help nutrient transformation and absorption. Based on the above herbal ingredients, it is said that this life is light and transparent, which protects the skin, conceals the blemishes and beautifies the skin, and achieves the effect of being light and transparent.

　　

　　With its excellent product strength, the legendary light-transparent soft focus liquid foundation has become a highly recommended item for many platform beauty experts once it is listed, and its excellent use experience has made fans "plant grass". Looking at the development of the whole makeup industry, we can see that consumers’ concept of skin care is changing, their knowledge of ingredients and efficacy is deepened, their trust in professional doctors is improved, and their awareness of scientific skin care is enhanced. They need personalized makeup to express themselves, and at the same time pay attention to the integration of makeup and nourishing to reduce the burden on the skin. In this process, beauty brands such as Legend Life continue to exert their efforts in quality upgrading, technological innovation and channel assistance, and constantly push the industry forward.

Welcome the New Year and celebrate New Year’s Day! There was a lot of laughter at this party in Jindun Primary School.

Beautiful and moving songs, enthusiastic dances, gripping recitations, handsome and tough martial arts and wonderful instrumental performances … On the afternoon of December 29th, Class 15, Grade 1 of Jindun Primary School held the theme activity of "Welcome the New Year and Celebrate New Year’s Day". The whole activity climaxed, and the audience applauded constantly. The students greeted the arrival of the new year with laughter.
In order to set off the festive atmosphere, teachers, students and parents arranged the indoor and outdoor environment of the class together, including red lanterns, colorful balloons and exquisite flowers.
At the get-together, children’s performances were brilliant, including passionate music, dynamic dances and humorous sketches. The classroom was full of happy smiling faces and lively figures of children.
In the game session, the children are more enthusiastic and proactive, and they have cultivated the spirit of unity and cooperation in cooperation. The activity ended with a cheerful group dance by the children.
"This activity fully demonstrated the children’s talents and abilities, passed on the beauty of the festival to every child’s heart, and built a good platform for the healthy growth of children and the construction of class culture." Zheng Guangtian, the class teacher, expressed the hope that the children would experience more happiness, make continuous progress and grow up happily during the activities.
Correspondent Guo Xiwen
Reporting/feedback

＂finished! Reaching the top of the Steam hot list, can the popularity of live-action interactive games last？ ｜ Titanium Thermal Review

Recently, the domestic real-life love video game "Finished! I’m Surrounded by Beautiful Women (hereinafter referred to as "Die") went out of the circle, grabbing the best-selling list in China area of Steam for several days.

According to the data of the little black box, the number of online players in the 24-hour peak of "Die" exceeded 65,000, and Steam rated it as "particularly favorable". Why can such a game with simple production and short process be a great success? What pain points does it capture for players?

Is real-life interaction+game a new game mode? What is the difference between the creation of such games and traditional games? What are the advantages and disadvantages of each?

The popularity of this live-action interactive game has catalyzed the new trend of short play+game. The secondary market has heard the news and many concept stocks have ushered in a round of rise. What impact has the success of "Die" brought to the game, short play and even the AI industry? Can this wave of live-action interactive games last?

In this issue of Titania Hot Review, Ma Xiao, the reliable editor-in-chief of Eryuan, Coboo Liang, the founder of Caiyin Society, and, the financial manager, are invited. I am surrounded by beautiful women. Producer Yang Sheng talked about the topic "Die! "Reaching the top of the Steam hot list, can real-life interaction arouse a new wave of the game industry?" Discussed, and the following is a collection of some viewpoints.

Why can such a game with simple production and short process be a great success? What pain points does it capture for players?

Ma Xiao, editor-in-chief of Reliable Second Element, said that this is not just a pain point, but more like a harvest for male players. The producer said that 90% of the players in the game are men, which reflects the value of male players. Although the Steam platform is not a domestic platform, many popular games, such as goose and duck killing, are unknown and even attract non-hardcore female players. Although the Steam platform has a threshold, it is not as convenient as mobile games, but the game can be online for up to 60 thousand people, which has reached the level of GTA and big escort. Therefore, the consumption power of male players can not be ignored. They can bring fire games and create peak values and sales, which proves their value.

Coboo Liang, the founder of Caiyin Society and the manager of Hujing Finance, said that this game feels like a 100-level challenge game popular in college, which can stimulate people’s desire to challenge. Just like the popular game "A sheep has a sheep" at the end of last year, this phenomenon is a kind of communication phenomenon. Economics points out that the worse the economic situation, the more developed the game industry, which is related to the explosion of games. In addition, this game is simple and easy to play, unlike World of Warcraft, which requires teamwork, players can experience it independently and compare scores with others.

"finished! Yang Sheng, producer of "I am surrounded by beautiful women", said that players increasingly want to participate in story decision-making, and games that affect the story line are becoming an entertainment trend. Players can choose idols, story trends, game endings, and even experience self-designed emotions within three hours. This game is only a harbinger of the interactive era, and there will be more such games in the future. This is not just a men’s market, but women will also participate. I have received many feedbacks from women who will play with their boyfriends. Therefore, there may be a new trend in the future: people prefer to spend 40 yuan at home to enjoy a three-hour story of their own, rather than spend 80 yuan on movie tickets to see the ending set by others.

Is real-life interaction+game a new game mode? What is the difference between the creation of such games and traditional games? What are the advantages and disadvantages of each?

Coboo Liang, the founder of Caiyinshe and the financial manager, said that with the development of technology, there will be a new trend every few years. Nowadays, VR games and live-action interactive games are very popular in shopping malls, and people need to queue up for experience. Previously, I communicated with the founding team of the original god. They designed different styles of illustrations to let players experience the characters in the game. As for the real-life interactive game, it has great potential in the future return on investment. The data shows that in 2022, the revenue of console games accounted for 39%. Although the proportion of mobile games was as high as 81% in previous years, and the console games were somewhat backward, this year, due to the release of Warcraft in the national service, a large number of console gamers were released, and they may be willing to try other types of games, especially those driven by new technologies and new ideas.

Ma Xiao, editor-in-chief of Reliable Second Element, said that real-life interactive games are nothing new. In the past few years, there have been many products that meet this label, such as Invisible Guardian and Detroit. If we take each link apart, short plays and Galgame or AVG games have a long history and a stable ecology. Many game companies even have special production lines to shoot real people. Role-playing games, such as playing kim kardashian’s life experience, also persist overseas. Therefore, this is nothing new, but every link makes people feel that they can try, which may be the reason why everyone studies it.

Different from traditional games, real-life interactive games cost less. Whether it is MMO or secondary game, to attract players’ attention, at least a big world or an open world is needed, and the team behind it also needs hundreds of people, and the research and development expenses are often hundreds of millions. And this game costs only 5 million, which may incite 20 million income, and the number of teams is much smaller than hundreds. In the current competitive market environment, this low-cost, high-income model is very attractive.

The advantage of this game is that it is in a superior niche between movies and games. Compared with large-scale games, it costs much less and is less risky for many bosses. Compared with expensive film and television dramas, the cost is lower. Compared with Galgame or short play, it has higher experience and quality, and has certain advantages in judging and script.

"finished! Yang Sheng, the producer of "I am surrounded by beautiful women", said that real-life drainage actually applies the mature techniques of the film industry and the film and television industry to new industries. Startups in the game industry often have no reference tutorials in the development process, while the film industry has many tutorials for reference. Therefore, it can be considered that the film industry can empower the game industry.

When developing a project, divide the budget of each link according to the total budget, and then push back the creation. This way is different from the way some games are made. They may insist on completing something emotional by the producers or sponsors, but in order to ensure the playability of the game, it is necessary to compress the budget of each link and make things more compact.

Real-life drainage may only be regarded as a medium or above-average product in the industry, but other products have run amazing data overseas. These are the products that really make money. Real-life drainage can let people see the live broadcast, and it is a money-making work made above the water, which everyone can see.

In the future, digital people, digital assets and artificial intelligence technologies will progress, and a large number of interactive games driven by digital people will appear. The actors in these games have higher cooperation, wider business endorsements, and their personalities can be set at will without rest. The options may no longer be limited to three or four, and the dialogue level may be as high as six or seven layers with the help of AI. What I see now is only a harbinger of great changes in the future.

Different options about interactive games will inevitably have multi-ending branches, how to shape the branch endings and how to predict the player’s choice.

"finished! Yang Sheng, the producer of I am Surrounded by Beauty, said that Nolan’s works, whether Inception or westworld, have always emphasized human free will. We also try our best to embody this point in game design, especially in time control. For example, the game won’t ask players if they want to eat soybean milk fritters at night, but ask them if they want to eat steamed stuffed buns or soybean milk fritters at 8: 00 in the morning, which is more in line with real life and better reflects the players’ free will.

The timeline and story trigger time of the game are carefully designed, and the first-person shooting method is adopted, so that players have a stronger sense of involvement. What really touches players is not exquisite design, but their own emotional choices. The game only provides choices, and players use their emotions to impress themselves.

About "finished! What is the impact of the success of the game, short play and even the AI industry?

Coboo Liang, the founder of Caiyinshe and the financial manager, said that new opportunities are the most important influence. The game industry has a history of more than 20 years, from the earliest word games to games with pictures, such as Stone Age and Magic Baby, which have driven the birth of a large number of game companies. However, in recent years, the mobile game market has been monopolized by some big companies, which has limited the output of high-quality content, which is unfavorable to the development of the industry and has also led to a large number of low-quality games.

Through different inputs and technologies, new changes may be brought, which may be what the capital market really wants to see. For the capital market, how to tell a good story and provide new ideas is the biggest way to generate new benefits. The popularity of the game is related to the design. For example, World of Warcraft has attracted players for more than ten years.

However, this also brings problems, and a large team is needed to write the story, which may be a problem to be considered in the future. It is necessary to guide the development of the story and provide players with free imagination. How to tell stories better determines how far this road can go.

Ma Xiao, editor-in-chief of Reliable Eryuan, said that the direct impact is the stock market. For example, when a friend was trading stocks, he saw the fiery concept of short play and considered investing in enterprises with online text and IP ecology. This kind of influence is actually quite crazy.

From the perspective of individual developers and teams, AI can help make games and improve the final presentation results. For example, individual independent game producers can use AI to improve the workflow, such as making NPC, automatic dialogue, modeling, etc., thus saving time. For small teams or individual developers, if you want to play games, AI may be helpful.

Like the second dimension and the open world, before The Original God came out, people didn’t think that the second dimension was a fiery industry or concept. However, "The Original God" can earn 20 billion yuan a year, which immediately became a slogan. Therefore, there may be many companies, including games, short plays and movies, which will launch more interactive game products. This may be like the open world and the second element, and a batch of products may come out soon, but the quality of the actual products may need to be tested by the market and players.

"finished! Yang Sheng, the producer of I am surrounded by beautiful women, agreed with Teacher Liang’s point of view, especially the reaction of the stock market. Previously, there were various types of enterprises, mainly game companies. They were concerned about how to copy the model, ensure the quality, seize the new market and form new barriers. Film and television companies are more concerned about the theme, whether gamification can bring them new increments, and whether they can bring some difficult themes into the game form in a lighter and more flexible way.

They began to think about whether they can turn film and television works into games with one click, or make the games realistic and drive fans through star artists. Although the two types of companies have different considerations, they both think that this is an incremental market, and the market is still there. Everyone has seen this opportunity.

There may be more types, such as thriller, suspense detective, female emotional orientation and other new types, which may make more themes flood in and make the market bigger. Interactive games are different because they cultivate users’ habits. Once this idea is opened, it may be difficult to go back.

"Wan Mei" is more like a warlords for everyone to see, an example, showing that there is still a big market in the future, but it is far from being explored in the end.

As a representative of one-line narration, whether movie dramas will have more impacts in the future.

"finished! Yang Sheng, the producer of "I am surrounded by beautiful women", said that the technology and game media have responded positively to this matter recently, while the film and television media are still watching because they still think it is a game. However, as early as college, I have seen movies with multiple endings, such as Phantom 1408 and Butterfly Effect, and even need to buy a special DVD to see all the endings. Some directors and screenwriters in the film industry are also trying to create different endings of the same story, which are hidden in DVD menus or buttons, like eggs.

The film industry has been trying to show the possibility of parallel worlds, and people are also exploring whether it can show the possibility of parallelism in a linear narrative. New interactive works need time. There may be some shoddy works around the Spring Festival, but before next year’s summer file, there may be a number of more exquisite and interactive works, which will educate the market again.

It is worth looking forward to that people may choose to create stories with their families at home through small programs or software, instead of gambling to the cinema. This is not just a software, it may be Netflix’s works, knowledgeable person’s works, or other things, it may not be a game, but it is a kind of participation.

Can the enthusiasm of this wave of live-action interactive games last?

Ma Xiao, editor-in-chief of Reliable Second Element, said that this problem is difficult to define, because we must first determine what is a real-life interactive game. If "The Invisible Guardian" was the initial point of the real-life interactive game, then four years have passed now. This period of time can be said to be lasting, or it can be said that there is a period of silence in the middle. Many film and television companies have launched interactive dramas, and many live-action interactive games have also been on Steam, but they have not met expectations.

Many game companies may think that this is not just hiring people to shoot? Film and television companies may think that this is not to turn the script into a game? But in fact, it is not easy to cross the border. For example, some video companies have hired film and television writers to make live-action interactive games, but found that the works of these famous brands or successful screenwriters are completely unusable. The game industry has also tried to find some screenwriters in the field of film and television, but found that there are acclimatized situations in the process of output.

More products may enter this track in the future, and the competition will become fierce. The key lies in whether the successful experience can be transformed into higher production capacity at lower cost, or whether the quality advantage of shoddy products can be maintained and the cost can be controlled. Whether we can continue to succeed depends on what products will come out in the future.

It remains to be seen whether this tuyere will last or will be silent again.

Coboo Liang, the founder of Caiyin Society and the manager of Hujing Finance, said that the intervention of capital may promote the development of an industry, but it may also cause harm to it. For example, in bike-sharing, there were only mobike and OFO at first, but with the influx of capital, the industry competition was fierce, and finally both companies were forced to sell. The current market leaders are some big companies, such as Meituan and Didi.

The intervention of capital may lead to the situation that "bad money drives out good money". For example, some developers may not have strong production ability, but they are good at attracting capital and may get more financing, while those developers who focus on game production may not be able to make better games because they don’t get enough financing.

In this tuyere, it is necessary to use capital instruments carefully. Although capital can promote the rapid development of the industry, it may also have a devastating impact on the industry. Especially for listed companies, they may use this concept to promote the stock price, but for real industry people, it doesn’t make any sense.

"finished! Yang Sheng, producer of I’m Surrounded by Beautiful Women, said that well-known screenwriters may encounter difficulties when entering the game industry, because the production habits of film and television and game industries are different. For example, film writers are used to creating reasonable and unexpected endings, but in interactive games, this is only one of the three possible endings. Screenwriters may be confused about the other two endings, because this is not their way of writing.

The assets of film and television companies include many well-known screenwriters, but they need to be trained and polished to enter the game field. This is not only the task of gamers, but also the task of film and television people. It is very difficult to find a way to make masters willing to participate and produce high-quality content.

Game companies face the same problem. They claim that they lack high-quality content and hope to find excellent screenwriters to create together. This is a good direction, because it is no longer just to make products under the world view of big companies, but to create their own interactive world.

However, like bike-sharing, although everyone’s ideas are good, there may be all kinds of confusion in the user link, which is uncontrollable. After everyone wants to enter this field, it is expected that there will be regulatory constraints first to guide the development of these projects. Then, after regulatory adjustment and careful consideration, writers and game companies may bring real innovation.

Titanium Hot Review is a hot event observation column launched by titanium media, which mainly invites media people and industry practitioners who have unique insights and in-depth observations on the development of different industries and different business models to comprehensively show the impact and significance of the event through multi-angle interpretation.

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What is the biggest difference between Kobe and James？ Which of them is the real superstar in NBA？

The biggest difference between Kobe Bryant and lebron james lies in their style and basketball characteristics.

First of all, Kobe Bryant is generally regarded as a player with outstanding scoring ability. He is famous for his excellent scoring skills and excellent hitting ability, and he can score in various ways in the game. Kobe is very dominant on the offensive end. He can single his opponent, shoot from a long distance and create excellent scoring opportunities. His competitiveness and determination always enable him to come forward in the competition.

On the other hand, lebron james is widely regarded as an all-round player. He is excellent in scoring, rebounding and assisting, and can contribute to all aspects of the team. LeBron is famous for his physical fitness and basketball IQ. He can use his strength and agility to create advantages under the basket and create good scoring opportunities for his teammates with his passing and organizational skills.

As for who is the real superstar in NBA, this is a subjective question, because everyone’s definition and standard of superstar may be different. Both Kobe Bryant and lebron james have achieved great success in their own time. They both performed well in the competition and won many championships and personal honors.

Kobe is famous for his competitiveness and determination, and his scoring ability and leadership make him a player to be reckoned with. LeBron is famous for his all-around ability and leadership, and his basketball IQ and dominance make him an all-round player.

Therefore, both Kobe Bryant and LeBron are superstars in NBA history, and their contribution and influence are undeniable. They have made extraordinary achievements in their own fields and times and become legends in basketball. No matter who is considered a real superstar, their status and influence can’t be shaken.

However, to determine who is the real superstar in NBA, more factors need to be considered. First of all, we can look at their career statistics. Kobe Bryant averaged 25 points per game during his NBA career, while lebron james averaged 27 points. In terms of scoring, James is slightly better. However, Kobe’s data on rebounds and assists are relatively low, while James performed well.

Secondly, we can look at their achievements and honors. Kobe Bryant won five NBA championships, and twice won the honor of finals MVP. Lebron james won four NBA championships and four finals MVP honors. In this respect, Kobe is slightly better.

In addition, we can also consider their influence on the team and the league. Kobe Bryant is known as the symbol of the Los Angeles Lakers. His leadership and competitive spirit have made the Lakers achieve brilliant results under his leadership. Lebron james, through his leadership and all-round development ability, brought many teams into the playoffs and achieved excellent results. In this respect, both of them have great influence.

Finally, we can also consider their performance and personal style in the competition. Kobe Bryant is famous for his calm and brave performance. He always stands up at critical moments. Lebron james is famous for his versatility and teamwork spirit. He can always create opportunities for his teammates and promote the development of the team in the competition.

To sum up, Kobe Bryant and lebron james are both superstars in NBA history, and they have outstanding performances and great influence in different aspects. No matter who is regarded as a real superstar, their achievements and contributions cannot be ignored. Their unique basketball styles and achievements have made them legends in NBA history.

Iverson： Harden needs to prove himself. Only Curry James can be called super giant in active service.

Iverson: Harden needs to prove himself. Only Curry James can be called super giant in active service.

Recently, there was a shocking remark in the basketball world. Iverson, a former NBA player, said that he thought james harden needed to prove himself before he could be called a superstar, while only Stephen Curry and lebron james can be called real superstars in active service.

Iverson’s evaluation of Harden has caused extensive discussion and controversy. As the star of Houston Rockets, Harden’s scoring ability and organization ability are unparalleled in the league. He has been the king of scoring and assists in the past few seasons. With his outstanding personal performance, he led the team into the playoffs many times. However, Iverson believes that Harden still needs to prove his leadership ability and the strength to win the championship at a critical moment before he can really be called a superstar.

For Harden, this is undoubtedly a challenge and pressure. As a top player, he shoulders the heavy responsibility of leading the team to achieve better results. In the past few seasons, the rockets have encountered some difficulties in the playoffs and failed to make further breakthroughs. This has also become a question of whether Harden can play well at a critical moment. Harden needs to show stronger leadership and winning ability in the game and lead the team to higher honors.

However, Iverson’s remarks also caused some different voices. Some people think that Harden has proved his strength, and his outstanding performance and personal honor are enough to prove that he is a superstar. In fact, Harden has been selected into the All-Star Team for several consecutive seasons and is considered as one of the top scorers in the league today. His skill, basketball IQ and court dominance are indisputable.

In any case, the title of superstar is not easy to get. Only a few players can reach this height. They not only need excellent personal ability, but also need to play well at critical moments and lead the team to victory. Stephen Curry and lebron james, as superstars among active players, have made outstanding achievements in both personal honor and team achievement.

For Harden, he needs to accept this challenge and continue to work hard to improve his ability and leadership. Only when you prove your worth at a critical moment can you really get the title of superstar. No matter how the outside world evaluates it, Harden needs to focus on his basketball career and prove his value with practical actions.

As the top star among the active NBA players, Harden is undoubtedly under great pressure and expectation. His outstanding performance and achievements have made him a hot topic for fans. However, the answer to whether he can be called a superstar is not simple, because the definition of superstar may be different in different people’s eyes.

Superstars not only refer to players’ personal abilities on the field, but also include their influence on the team and the overall performance of the team. At this point, Curry and James do have the qualities of superstars. Curry led the Warriors to win the championship in a row, and his shooting skills and leadership are indisputable. James, on the other hand, is a player who has won the championship for many times. He led the team to succeed in the playoffs with his comprehensive skills and high basketball IQ.

However, Harden still has some room for improvement in this respect. Although he has excellent scoring and organizational skills in personal ability, his leadership and performance at critical moments still need to be strengthened. In the past few playoff games, the Rockets failed to make a breakthrough in the confrontation with strong enemies, which also affected Harden’s recognition as a superstar to some extent.

Harden needs to be more calm and decisive at the critical moment, not only to be excellent in personal performance, but also to become the leader of the team. He needs to take more responsibility in the game and lead the team to achieve better results. Only by showing his value in the success of the team and the competition for the championship can Harden really get the title of superstar.

However, whether Harden is called a superstar or not, his achievements and contributions can not be ignored. As a top player, he has proved his position in the league. His outstanding performance has brought countless wonderful moments to the fans, and his personal honor is beyond doubt. No matter how the outside world evaluates, Harden should continue to strive to improve his ability and strive for more victories for the team.

Generally speaking, the title of superstar needs to be proved by practical actions on the field. Harden needs to make a breakthrough in personal ability and leadership before he can really get this title. In any case, he has become one of the most influential and powerful players in the current NBA, and his basketball talent and efforts deserve our appreciation and attention.

Al artificial intelligence： what impact will room temperature superconducting technology have？

If room temperature superconducting technology is realized, it will have a great impact on human society. Superconducting technology can be used in power transmission, maglev train, MRI, energy, communication and other fields. The realization of room temperature superconducting technology will make the application in these fields more convenient and economical. In addition, room temperature superconducting technology can also be applied to quantum computers and other fields, which will promote the development of computer technology.

Real Madrid is very worried about the findings of the procuratorate, and the emergency meeting will allow the club to appear in court.

[Real Madrid is very worried about the investigation results of the procuratorate, and the emergency meeting will allow the club to appear in court] real madrid cf recently issued a statement, saying that it will hold an emergency general meeting at noon on March 12, local time, regarding the fact that Barcelona Football Club was prosecuted by the local procuratorate in Barcelona for bribing referees for corruption.

According to AS reporter, former Real Madrid press officer Joaquín Maroto confirmed from Real Madrid sources that this general meeting will vote to approve Real Madrid to testify in this case. Real Madrid told AS that "there has been no action before because they are waiting for the judicial department to complete their work. Now that the procuratorate has submitted their appeal, it is time for Real Madrid to appear in court.

Real Madrid announced the announcement just 24 hours after the procuratorate filed an appeal, just when the Spanish Central Procuratorate accepted the prosecution of the Barcelona Procuratorate. Prior to this, Real Madrid had been patiently waiting for the judicial department to complete their work. At present, Real Madrid is very worried about the conclusion reached by the procuratorate on this matter.