标签： 南京夜生活

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The Mercedes-Benz GLE, as a model of luxury SUVs, has an elegant and dynamic design. The front face features the iconic star-style air intake grille of the Mercedes-Benz family, with exquisite double-banner chrome decoration, showing the perfect combination of luxury and power. The body lines are smooth, outlining a strong sense of movement, the side profile is full and powerful, and the overall style is atmospheric and stable, highlighting the high-end positioning of the Mercedes-Benz brand. Whether it is the craftsmanship of the details or the overall proportional coordination, it reflects the ingenuity of the Mercedes-Benz GLE in the appearance design.

With its elegant body proportions and refined design, the Mercedes-Benz GLE shows the perfect combination of luxury and power. In terms of body size, its length, width and height are 4927mm x 2018mm x 1797mm, and the wheelbase reaches 2995mm, ensuring a spacious interior space and driving stability. The front wheelbase is 1679mm and the rear wheelbase is 1728mm, ensuring good handling performance. In terms of tire specifications, the Mercedes-Benz GLE uses 275/55 R19 wide tires, which not only enhances the driving grip, but also adds stability and dynamics to the vehicle. The side lines are smooth and powerful, and the wheel rim design reflects the usual elegance and detail treatment of Mercedes-Benz, which further enhances the visual impact of the vehicle.

The interior design of the Mercedes-Benz GLE shows the perfect fusion of luxury and technology. In the spacious cockpit, the steering wheel is made of exquisite leather material, which not only provides a comfortable grip, but also supports manual up, down and back adjustment to suit the driver’s individual needs. The 12.3-inch central control screen stands in the center, is clear and easy to operate, integrates multimedia systems, navigation, telephone and air conditioning functions, and the driver can easily control the various settings of the vehicle through the automatic speech recognition control system.

In terms of seats, both the main driver and the co-pilot are made of imitation leather to provide a comfortable and durable ride experience. The seats support front and rear adjustment, backrest adjustment and 4-way waist support to ensure comfort during long-distance driving. The front seats are more equipped with heating and ventilation functions to meet the needs of different seasons. The rear seats support proportional reclining, providing extreme flexibility for luggage space. The overall interior design focuses on practicality and quality, reflecting the noble style of the Mercedes-Benz GLE as a luxury SUV.

The Mercedes-Benz GLE is equipped with a powerful 2.0T turbocharged engine with a maximum power of 190 kW and a torque output of 400 Nm. This engine has 258 horsepower, providing excellent performance for the vehicle. With a 9-speed automatic transmission, the driver can enjoy a smooth and accurate driving experience.

Summarizing the evaluation of the owner, the Mercedes-Benz GLE, with its tough and atmospheric design, not only shows the prestige of the Mercedes-Benz brand, but also reflects the ingenuity of the designer in the details. The praise of the owner for its wheel hub, front logo and headlight set undoubtedly strengthens its fusion of luxury and technology, making every drive seem like a feast for the eyes and senses. As @Kazizuter said, the Mercedes-Benz GLE is not only a car, but also a symbol of life attitude, which makes people look forward to it and yearn for it.

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.

　　Xinhua News Agency, Moscow, July 15th (Reporter Liu Ning Su Bin) On the 15th, in a downpour, the French team once again held the World Cup high, and the curtain fell on 2018 fifa world cup. France, Belgium, England and other powerful teams have blown up a youth storm, which has impacted the old world football pattern. Facing the ever-changing world football, China football needs to catch up courageously and realize its dream of stepping on the World Cup again as soon as possible.

　　Youth storm "funeral"

　　Today’s world football is experiencing the replacement of players. Mbappé, the 19-year-old French team who won the Best Rookie Award in this World Cup, won the Golden Boot Award with six goals, and a group of young players, such as Kane, the English captain who is about to turn 25, and Lu Kaku, the Belgian team, who is 25, shine brightly in the World Cup. The post-90s players began to "grab the class and seize the power", the post-80s players gradually withdrew from the stage, and the post-70s players finished their curtain call performance.

　　When I set foot on the Russian arena, the average age of the "Gaul Rooster" team was 26 years and 10 days. In the final, it defeated Croatia 4-2 and held the World Cup high again. France, which won the World Cup in 1998, became the second youngest team to win the World Cup after Brazil, which won the World Cup in 1970 (with an average age of 25 years and 5 days).

　　Under the impact of the youth storm, faced with more concise and practical techniques and tactics, the traditional strong teams have been overwhelmed, the defending champion Germany stopped the group stage, the last runner-up Argentina was out of the top 16, the 2010 World Cup champion Spain also failed to advance to the top 8, and the "five-star Brazil" was pulled down by the Belgian team in the quarter-finals.

　　On the other hand, the weak brigade without strong generals, relying on the tacit cooperation between players, has kicked out the wonderful things that belong to themselves and also belong to the World Cup. The first round of Iceland’s first World Cup group match drew Argentina 1-1; Also in the group stage, even though Panama lost to England by a big score, it still dared to show its sword and scored the team’s first goal in the World Cup.

　　Europe is the only one in Asia.

　　Today’s world football pattern is changing, with European football continuing to lead, South American football closely following, and Asian and African football trying to catch up.

　　After the group match, among the top 16, there are 10 teams in Europe, 4 teams in South America, Mexico as the only fire in North Central America and the Caribbean, 5 teams in Asia, only Japan, and 5 teams in Africa.

　　With the faster competition and stronger confrontation, the differences between players’ individual abilities are narrowing, and the gap between strong teams is also narrowing. In the round of 16, Russia eliminated Spain, Croatia defeated Denmark, and England won Colombia, all of which went through overtime and finally decided the outcome through a cruel penalty shootout. Croatia also staged a penalty shootout in the quarter-finals, narrowly beating Russia. In the semi-final, Croatia suffered its third overtime in this tournament and sent England home 2-1.

　　In this World Cup, although Asian football as a whole has not made a breakthrough, its performance is still remarkable. South Korea beat defending champion Germany 2-0 in the final group match, which was a big surprise. After winning a 2-0 lead against Belgium in the round of 16, Japan still fought against its opponents. Although it lost 2-3 in the end, it won respect for its courage to challenge and struggle. In addition, the Iranian team drew the 2016 European Championship champion Portugal in the group stage, and the Saudi team also won a victory in the final group stage.

　　After the round of 16, six European teams advanced. Next, with Uruguay and Brazil, the only teams left in South America, going out one after another, the top four seats were all occupied by European teams, and the World Cup turned into the "European Cup".

　　In the third place battle, Belgium beat England 2-0 and got the best result in the team’s history. Previously, the best result of "European Red Devils" was the fourth place in 1986.

　　Although it failed to achieve its desire to win the championship, the Croatian team, which won the runner-up, also achieved the best result in history, and modric, the core of the team, won the Golden Globe Award.

　　VAR is eye-catching and "the hand of God" is hard to reproduce.

　　Today’s world football is in an era of change. The application of new technology makes the game more fair. The VAR (Video Referee Assistant) used in the World Cup makes it difficult for Diego Maradona’s "Hand of God" to reappear.

　　The biggest change in this World Cup is the introduction of VAR. Thanks to the intervention of scientific and technological means, every moment in the game can be recorded in a panoramic view. With VAR as a guarantee, referees can not only hold a more open attitude towards the scale of players’ physical confrontation, but also greatly reduce the possibility of missing and misjudging.

　　However, some football people who have reservations believe that the use of VAR disrupts the rhythm of the game and reduces the suspense and charm of football.

　　"The penalty is fair, but the question is who decides the game. Is it the referee on the lawn or the person in the’ little black room’? VAR will make football lose its charm. " After the match between Australia and Denmark, Danish coach Hareide, who suffered a loss, had no objection to the penalty awarded by the video assistant, but he still couldn’t help but say something.

　　According to the statistics of FIFA, in the first 62 matches, the judges watched 19 VAR replays and corrected 16 incorrect judgments.

　　FIFA President infantino said on 13th that the use of VAR improved the referee’s penalty accuracy from 95% to 99.2%, "16 penalties were changed, and 16 wrong decisions became 16 correct decisions".

　　In the final on 15th, VAR once again became the focus on the field. The referee turned to VAR in the first half and awarded the French team a penalty. With this penalty, the "Gaul Rooster", who won a 2-1 lead, then took control of the situation on the field and finally won the championship with 4-2.

　　Russia handed in satisfactory answer sheet, FIFA president praised it

　　The curtain of the World Cup in Russia fell, and 64 games went smoothly. Russia fulfilled the goal of "showing a new and enthusiastic Russia to the world" when bidding for the World Cup in 2010.

　　Russia’s promotion to the quarter-finals inspired the whole of Russia. According to a poll data released by the All-Russian Social Public Opinion Research Center, a Russian polling agency, on the 12th, the performance of the Russian football team in this World Cup made the Russian people feel proud, happy and respected.

　　Hosting the World Cup has benefited Russia a lot economically. Devall Covic, Chairman of the Organizing Committee of the World Cup in Russia, said that the comprehensive benefits of the World Cup for Russia are expected to reach 15 billion US dollars.

　　The World Cup has also become a window for the world to know about Russia, where fans from all countries (regions) gather together. FIFA President infantino said: "The Russian World Cup is the best in history. The World Cup has changed the world’s view of Russia, and every fan has experienced the enthusiasm of Russians. "

　　China element shines in the World Cup, China football needs to catch up bravely.

　　Although China was a flash in the pan in the 2002 World Cup, the element of China was never absent. From China manufacturing to China enterprises and China brands, and then to China service, China elements once again shine in the World Cup.

　　Come to Russia, "Made in China" can be seen everywhere. China enterprises have made all-out efforts to become a decisive force in the FIFA sponsors’ phalanx. Wanda Group has become a global partner with seven companies including Coca-Cola, Adidas and Hyundai Motor. Mengniu, VIVO and Hisense, together with McDonald’s and Budweiser Beer, became sponsors of the World Cup; Enterprises such as Yadea, Zhi Yi Jing and Di Pai are regional sponsors.

　　Inside and outside the Russian World Cup, there are more and more elements of China. However, it is regrettable that China failed to appear in this World Cup. After all, the team is the real protagonist of this world football feast.

　　In the face of the ever-changing world football, China football needs to continue to reform, learn the advanced techniques and tactics of world football with an open mind, and "please come in and go out". It is very important to grasp the youth training, lay a good foundation, work hard, make contributions for a long time, and March forward courageously along the road suitable for their own development, so that China’s dream of stepping on the World Cup again will not be far away.