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One-week inventory ｜ Alibaba’s US stocks fell by 2.01% last week, and Hong Kong stocks rose by 0.23%

[trend of individual stocks]

24-28 March

Last week, the S&P 500 fell 1.53%, the Nasdaq Composite Index fell 2.59% and the Dow Jones Industrial Average fell 0.96%.

Alibaba’s US stocks fell 2.01% last week.Last week, the total turnover was $10.45 billion. As of last week’s close, the US stock price was $132.43. The cumulative monthly decline of US share capital is 0.06%, the cumulative increase this year is 56.19%, and the cumulative increase in the past 52 weeks is 83.02%.

Last week, the Hang Seng Index fell by 1.11% and the Hang Seng Technology Index fell by 2.36%.

Alibaba -W Hong Kong stocks rose 0.23% last week.Last week, the total turnover was 49.839 billion Hong Kong dollars. As of last week’s close, the stock price of Hong Kong stocks was 131.00 Hong Kong dollars, with a market value of 2.49 trillion Hong Kong dollars. Hong Kong stocks rose 2.75% this month, 58.98% this year and 86.48% in the last 52 weeks.

[Company comparison]

Securities code Securities abbreviation Latest price Last week’s ups and downs Up and down this month Up and down this year 52-week ups and downs EBAY eBay $67.16 2.1% 3.74% 8.41% 27.25% VIPS Vipshop $16.13 -0.98% 2.61% 19.75% -2.54% JD JD.com $41.58 -1.56% -0.76% 19.93% 51.81% AMZN Amazon $192.72 -1.78% -9.21% -12.16% 6.84% BABA Alibaba $132.43 -2.01% -0.06% 56.19% 83.02% PDD Pinduoduo $120.45 -4.89% 5.95% 24.19% 3.61% BZUN Bao Zun Dian Shang $2.80 -6.67% -11.95% 2.94% 21.74% 06808 Gaoxin retail 1.89 hong kong dollars 2.72% 6.18% -23.79% 21.15% 09618 JD.COM Group -SW HK$ 164.40 0.92% 2.37% 20.88% 52.36% 09988 Alibaba -W HK$ 131.00 0.23% 2.75% 58.98% 86.48% 00493 Gome retail 0.02 Hong Kong dollars -5.56% -10.53% -15% -5.56% 09991 Bao Zun Dian Shang -W HK$ 7.50 -7.18% -7.98% 1.49% 25.42%

[Related News]

Longhu Group and Ant Group reached a strategic cooperation to explore the new experience of "touch" service.

Longhu Group and Ant Group signed a strategic cooperation agreement, and the two parties will devote themselves to exploring the innovative application of Alipay’s "touch" technology in business scenarios. In the future, Longhu Group will gradually launch "touch" payment and digital services in Longhu Tianjie Shopping Center nationwide, and consumers can complete safe and convenient payment only by lightly touching the device without opening Alipay APP. (People’s Financial News)

Xingji Meizu will release Meizu Note 16 series and access the Alibaba Cloud model.

Liao Qinghong, chief operating officer of Xingji Meizu, announced that Meizu Note 16 series will be released in April and a national appointment will be opened. Meizu 22 series is scheduled to be released this summer. At the same time, the cooperation between Xingji Meizu and Alibaba Cloud has been upgraded, and it has become the first mobile phone manufacturer to deeply access the Qwen2.5-Omni model, so as to improve the AI emotion understanding and complex task processing ability. (Interface News)

Alibaba Cloud released the end-to-end multi-modal AI model Qwen2.5-Omni-7B.

Alibaba Cloud released Qwen2.5-Omni-7B, the first end-to-end full-modal large model of Tongyi family. The model is specially designed for full-modal perception, which can handle multimodal inputs such as text, images, audio and video, and generate text and natural language responses in real time, setting a new standard for deploying multimodal AI in terminal devices such as mobile phones and notebook computers. Although only 7B parameters are lightweight, Qwen2.5-Omni-7B still shows excellent performance and powerful multi-modal ability, and becomes an ideal base model for developing AI agents with high efficiency, high cost performance and valuable use, especially in the field of intelligent voice applications. For example, real-time voice navigation can help the visually impaired to identify the surrounding environment safely, analyze the ingredients in the video to provide cooking guidance step by step, and create an intelligent customer service dialogue experience that truly understands the needs of customers. The model is now open source on Hugging Face and GitHub, and can be obtained through Qwen Chat and Alibaba Cloud open source community ModelScope. At present, Alibaba Cloud has opened more than 200 generative AI models. (Alibaba Cloud)

Taobao: Severely crack down on illegal behaviors such as using AI fake pictures to deceive consumers.

Taotian Group issued a document saying that starting from today, Taobao launched the AI ? ? fake map governance on the whole platform, and severely cracked down on the violations of using AI fake maps to deceive consumers and infringe on original brand businesses. Taobao stipulates that the product pictures should be reflected by the actual pictures of the products as the core effect, and the modification behavior should be moderate to avoid distortion. It is strictly forbidden to use AI and other technical synthesis methods to present a significantly distorted product information renderings that are inconsistent with the actual situation.

Taobao: This year, the investment in user growth has doubled, and the first-time consumers have increased several times in March.

Chu Duan, vice president of Alibaba Group and president of Taobao Platform Division, said at the 2025 Tmall Super Brand Private Sharing Meeting held on March 26 that the average daily first-time consumers of Taobao Tmall platform increased several times compared with the same period of last year in the first three months of 2025. Under the high user growth rate, Taobao Tmall will strengthen its support for businesses with good creativity and good service. In order to bring more consumers, the investment of Taobao Tmall platform for user growth this year will double compared with last year. (People’s Financial News)

Star map Wei Tianxin and Gaode map reached in-depth cooperation

Recently, Zhongke Xingtu WeiTianxin Technology Co., Ltd. (referred to as "Xingtu WeiTianxin") officially reached an in-depth cooperation with Gaode Map. Xingtu WeiTianxin uses meteorological technology to empower smart travel in new scenes, and deeply integrates the self-developed eTAPES Super-Grider Tianxin high-precision intelligent weather grid system into the navigation scene of Gaode Map APP, providing users with a more accurate and practical navigation experience and opening a new era of high-precision weather forecast navigation. In the future, Xingtu Weixin will further expand the cooperation field with Gaode Map, and plans to carry out in-depth cooperation in AI model forecasting and social observation to further realize "local accurate" weather forecasting. (People’s Financial News)

Vice President of Xiaomi Group: The monthly sales of Xiaomi 15 Ultra in Tmall increased by 50% compared with the previous generation.

Wang Xiaoyan, vice president of Xiaomi Group and president of China District, revealed at the exclusive meeting of Tmall 2025 TopTalk Super Brand that this year, Tmall has increased its investment in new product resources, and the support programs such as homepage recommendation, search weighting and live broadcast subsidy have accelerated the growth cycle of new products. It is understood that under the double blessing of Tmall brand potential and national subsidy policy, in the first quarter of 2025, Xiaomi increased by 50% year-on-year in Tmall, hitting a record high. Xiaomi 15 Ultra’s first transaction in Tmall exceeded 100 million, winning the first new product transaction, and the monthly sales volume of Tmall’s first sales increased by 50% compared with the previous generation. (36Kr)

() Sign a strategic cooperation agreement with Alibaba.

On March 26th, China Mobile and Alibaba held a signing ceremony of strategic cooperation agreement in Beijing. Yang Jie, Chairman of China Mobile, and Wu Yongming, CEO of Alibaba attended the signing ceremony. Chen Huaida, Deputy General Manager of China Mobile, and Wen Jia, President of Alibaba Public Affairs signed the agreement on behalf of both parties. According to the agreement, the two sides will carry out in-depth cooperation in digital infrastructure, application ecology, science and technology innovation capability and international business, jointly build and operate advanced AI data centers, help both sides improve the scale and efficiency of cloud computing and AI services, deepen the technical exchange and ecological co-construction of China Mobile’s "Nine Days" and Alibaba’s "Tongyi Qianwen" AI models, and promote the deep integration of AI with various industries to create greater industrial value. The signing of this contract marks a new stage of comprehensive strategic cooperation between the two sides. The two sides will build a new ecology of AI industry based on new potential energy such as cloud, computing power and large model. (People’s Financial News)

Last year, Tmall sold more than 4,100 brands, and in 2025, it will fully invest in big growth.

On March 26th, Tmall announced the latest business strategy in 2025: fully support high-quality brands and original brands, fully liberalize the incentive policies, and expand brand growth. Tmall also disclosed that the current number of active buyers in Amoy reached 1 billion. In addition, in 2024, more than 4,100 brands broke through the platform, an increase of 18% year-on-year; There are 34,000 super items with a turnover of over 10 million. Last year, the annual active buyers of Taobao Live increased by 38% year-on-year. (Interface News)

Alibaba and BMW reach AI cooperation.

It is reported today that BMW and Alibaba will deepen AI cooperation, and ali tong Yida model will be applied to BMW’s new generation series in China market. The two sides have no response to this. (Sina Technology)

Strategic adjustment of Ant Group: reducing traditional investment and increasing AI layout.

According to Sina science and technology news, Ant Group recently reduced its holdings of Obi Zhongguanghe (), and accumulated a return on investment of over 775 million yuan, which attracted market attention. This reduction is based on the adjustment of strategic direction, and ants turn their funds to cutting-edge scientific and technological fields such as artificial intelligence to support a new generation of scientific and technological innovation. Ant’s investment strategy is still oriented to the company’s strategy, focusing on AI big model, AI computing power, embodied intelligence and other directions, and has invested in a number of related enterprises. Ant emphasizes that it has a long holding period, pays attention to ecological synergy, promotes technological innovation through investment, and creates more value for society.

Zhejiang Provincial Government signed strategic cooperation agreements with Alibaba Group and Ant Group.

On the afternoon of 25th, Zhejiang Provincial Government signed a strategic cooperation agreement with Alibaba Group and Ant Group. Governor Liu Jie witnessed the signing of the contract with Cai Chongxin, Chairman of the Board of Directors of Alibaba Group, and Jing Xiandong, Chairman of Ant Group. According to the agreement, the provincial government, Alibaba Group and Ant Group will closely focus on "taking high-quality development as the primary task, narrowing the’ three major gaps’ as the main direction, taking reform and innovation as the fundamental driving force, and meeting people’s needs for a better life as the fundamental purpose", further integrate resources and work closely together to promote the healthy development of the platform economy, cooperate in artificial intelligence and other fields, better serve the Chinese-style modern provincial practice, and jointly promote the implementation of major national strategies. On behalf of the provincial government, Vice Governor lu shan successively signed agreements with Wu Yongming, CEO of Alibaba Group, and Han Xinyi, CEO of Ant Group. (Tide News)

Alibaba Cloud opened the largest campus recruitment of AI talents in recent years.

The reporter learned that Alibaba Cloud recently recruited AI technology reserve talents in the top universities in the world, and recruited the largest AI talent campus in recent years. It is understood that this recruitment is aimed at top universities in the world, such as Tsinghua University, Peking University, Zhejiang University, Massachusetts Institute of Technology and Stanford University, and recruits technical talents in the fields of large language model, multimodal understanding and generation, model application and AI Infra. At the same time, the project sets up the A Star project and the Al Clouder project, which are aimed at top talents with high-level papers and the influence of open source projects, and provide better salary and professional support for such graduates. This move is another AI talent strategy launched by Alibaba after the previous T project. (science and technology innovation board Daily)

Alibaba Cai Chongxin: I began to see a bubble in the construction of artificial intelligence data centers.

Cai Chongxin, chairman of Alibaba, said that he began to see the emergence of a bubble in the construction of artificial intelligence data centers, and many data center investment announcements in the United States were "repeated" or overlapped. He also said that the number of employees in Alibaba has bottomed out and will be "restarted and re-recruited", and the company will provide reasonable returns to shareholders through dividends. (Sina Finance)

Ant Group has introduced a new MoE language model, which uses domestic AI chips to train, and its performance is equivalent to that of completely using NVIDIA chips, dense models of the same scale and MoE models.

Recently, the Ling team of Ant Group published a technical achievement paper. The paper shows that Ant Group has launched two MoE large language models with different scales-Ling-Lite and Ling-Plus. The former has a parameter scale of 16.8 billion (activation parameter of 2.75 billion) and the Plus base model has a parameter scale of 290 billion (activation parameter of 28.8 billion), both of which have reached the leading level in the industry. In addition to the self-developed large model with leading performance, the biggest breakthrough of this technical paper is to propose a series of innovative methods to improve the efficiency and accessibility of AI development in a resource-limited environment. Experiments show that its 300-billion-parameter MoE (Hybrid Expert) model can complete efficient training on low-performance equipment using domestic GPU, and its performance is equivalent to that of NVIDIA chip, dense model of the same scale and MoE model. (science and technology innovation board Daily)

Ant Group launched two MoE language models with different scales, and the training cost was further reduced by using domestic AI chips.

[US stock rating]

On March 28th, Mizuho rated Alibaba as outperforming the market with a target price of $170.00.

This article comes from the theme of Hong Kong-US Datalink. Click to read more about Hong Kong-US companies > > >

Speed up the construction of a strong network province, digital Sichuan, and fully promote the high-quality development of network information

　　(Zhang Lidong, reporter from Sichuan Daily) On August 24th, the provincial conference on network security and informatization was held in Chengdu. Wang Xiaohui, secretary of the provincial party committee, attended the conference and delivered a speech. He stressed that it is necessary to firmly follow the important thought of the Supreme Leader General Secretary on strengthening the network, fully implement the deployment requirements of the National Cyber Security and Informatization Work Conference, resolutely set off the mission of cyber information work, accelerate the construction of a strong network province and digital Sichuan, and fully promote the high-quality development of cyber information, providing solid support and strong guarantee for the modernization of Sichuan in the new era and new journey.

　　Huang Qiang, deputy secretary of the provincial party committee and governor, presided over the first meeting.

　　In his speech, Wang Xiaohui pointed out that since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has attached great importance to network security and informatization, and the General Secretary of the Supreme Leader has put forward a series of original new ideas, new ideas and new strategies, which have formed an important thought about network power with rich connotations and scientific systems, especially the important instructions given by the General Secretary on network security and informatization in July this year, which have raised our party’s regular understanding of network information work to a new height and pointed out the direction and journey for us to further do a good job in network information work in the new era. This important idea is the most important and outstanding achievement in the field of network information in the new era, and it is a guide to action to lead the high-quality development of network information and build a network power. We should conscientiously study and understand it, combine it with studying and implementing the spirit of the 20th Party Congress and the important instructions of the General Secretary on Sichuan’s work series, fully and accurately grasp its scientific connotation, core essence and practical requirements, and firmly use it to take charge of the overall situation of Sichuan’s network security and informatization work, so as to ensure that Sichuan’s network information business always moves forward firmly in the direction guided by the General Secretary.

　　Wang Xiaohui pointed out that Sichuan is a big network province, and network information work plays an important role in the overall work of the province. In recent years, we have persisted in paying attention to construction and development and management guidance at the same time, and promoted the further improvement of the network information work system, the further growth of mainstream public opinion in cyberspace, the further improvement of network security guarantee capability, and the further strengthening of the leading role of information drive. The province’s network information industry has achieved new results. At the same time, we should also see that the network information work in our province faces many new situations and new tasks, and puts forward new and higher requirements for doing related work well. The second plenary session of the 12th Provincial Party Committee made arrangements for informatization as an important part of the development strategy of "synchronization of the four modernizations, integration of urban and rural areas, and prosperity of five regions", and the third plenary session explicitly proposed to accelerate the digital transformation of industries. These are all major measures to thoroughly implement the spirit of the important instructions of the General Secretary and the decision-making arrangements of the CPC Central Committee and promote modernization through informatization. All localities and departments should deeply understand the extreme importance of doing a good job in network security and informatization, identify the starting point and focus of work, earnestly strengthen the management of network content construction, improve the comprehensive network management system, strengthen the key technologies of the network, build a strong network security barrier, and solidly promote the high-quality development of the network information industry.

　　Wang Xiaohui pointed out that it is necessary to do a solid and effective job in network ideology, resolutely defend the main position and grasp the leading position. Consolidate and expand mainstream online public opinion, strengthen ideological guidance, enrich the supply of high-quality online content, vigorously carry forward socialist core values, organize major theme propaganda, accelerate the construction of "network, micro, terminal and screen" all-media communication matrix and all-platform coverage system, and continuously improve the quality and efficiency of positive publicity. Resolutely prevent and resolve the ideological risks of the network, continuously improve the efficiency of network governance, solidly promote the rule of law, systematically promote civilized internet access, increase the protection of minors’ networks, severely crack down on all kinds of network crimes, and build a clearer cyberspace.

　　Wang Xiaohui pointed out that it is necessary to comprehensively strengthen the network security system and capacity building, and resolutely build a network security barrier. Strengthen the security protection of key information infrastructure, and strengthen the research and development of network core technologies and their transformation and application. Strengthen data security management and protection, strengthen the capacity building of data security governance and supervision, increase the protection of personal information, and urge enterprises to strengthen data security risk assessment to create a safe and reliable data ecological environment. Build a large network security work pattern, establish a systematic and effective network security guarantee system, carry out in-depth publicity and popularization of network security knowledge and skills, and continuously improve people’s network security awareness and protection ability.

　　Wang Xiaohui pointed out that it is necessary to persist in leading high-quality development driven by information technology and inject strong impetus into Sichuan’s modernization drive in the new era and new journey. Accelerate the construction of information infrastructure, do a good job in the coordinated construction and optimized layout of 5G, Internet of Things, computing network, satellite Internet, new data center and industrial Internet, accelerate the construction of a national integrated computing network into a national hub node (Sichuan), and further promote the integration and development of urban and rural informatization. Make the digital economy stronger and better, vigorously promote digital industrialization and industrial digitalization, promote industrial Internet application innovation, and continue to empower and increase efficiency for the real economy. Take advantage of the situation to expand online foreign exchanges and cooperation, constantly broaden communication channels and enrich communication forms by means of information technology, run a series of international conferences and activities well, vigorously implement the digital project of cultural relics, tell the story of Sichuan well and spread Bashu culture. Adhere to information for the benefit of the people and the convenience of the people, use digital technology to empower grassroots governance, strengthen the construction of e-government platforms, encourage and support the application of innovative achievements in the information field in the people’s livelihood, and actively expand digital public services.

　　Wang Xiaohui pointed out that it is necessary to effectively strengthen the party’s overall leadership over network information work and continuously improve the ability of network management and network use. The Network Information Committee of the Provincial Party Committee, the Network Information Office of the Provincial Party Committee and all member units and relevant departments should conscientiously perform their duties and responsibilities, and form a work pattern of division of labor, coordination and joint management; Party committees (party groups) at all levels should shoulder the leadership responsibility of promoting the work of online information, and ensure the implementation of plans, the implementation of policies, and the effectiveness of work. Deepen the reform of the system and mechanism of network information work, and promote the accelerated improvement, quality improvement and efficiency improvement of the network information work system. Strengthen the leading group and cadre team of the network information system, accelerate the construction of the highland of network information talents in the west, and strive to forge a loyal and clean network information iron army.

　　At the meeting, Zheng Li, member of the Standing Committee of the Provincial Party Committee and Minister of Propaganda Department, conveyed the important instructions of the Supreme Leader General Secretary on cybersecurity and informatization and the spirit of the National Cyber Security and Informatization Work Conference, and made a concluding speech at the second meeting; Vice Governor Zheng Bei presided over the second meeting, and the Provincial Development and Reform Commission, the Public Security Department, Sichuan Daily Newspaper Group, Chengdu Municipal Committee Network Office, Yibin Municipal Committee Network Office and Ganzi State Committee Network Office made exchange speeches.

　　Provincial leaders Alice Chan and Hu Yun, members of the Network Security and Informatization Committee of the Provincial Party Committee, responsible comrades of relevant provincial departments and some central institutions in Sichuan attended the meeting.

I told you to learn from it, not to copy it. Chery is another wave of new cars hitting your face!

Every time Chery sends a new car, there is always a comment that "the designer really has no job to bite a lighter" and "If you can’t design, then learn from other car companies".

There are even netizens who are directly anxious and send out "I really can’t change it for me!" Comments.

However, the recent wave of new cars released by Chery car companies is surprising: it seems to directly imitate the design of other cars.

Manufacturer’s guide price: 129,900-172,900 yuan.

Body wheelbase: 2830mm

Powertrain 1: 135kw rear motor+53.87kWh battery.

Powertrain 1: 155 kW rear motor+67.12kWh battery

Pure battery life: 412/512km (CLTC working condition)

Some new cars released by Chery in recent years are somewhat controversial in appearance design. For example, Ou Mengda’s front face design is somewhat similar to Changan UNI-T’s "borderless" front face.

Arrizo 5GT’s headlights and mid-net design also have Lexas’ sense of sight.

Chery New Energy is the hardest hit area. The QQ ice cream car has not inherited the design style of the fuel version of Chery QQ at all, but looks like a modified model of Wuling Hongguang MINIEV.

Of course, Chery QQ, known as the "national car", was also suspected of copying Chevrolet Spark in its front face design. In that year, GM also sued Chery.

Chery Unbounded Pro is a mini version made like Aion Y.

Chery New Energy also has a discontinued "heavyweight" model-Big Ant. The car’s middle net and headlight group are designed with a "collar smell".

Why is it a "heavyweight"? This is because the design of Lectra’s headlights is controversial.

As the saying goes, "beauty is the same, but ugliness has its own merits" (not to say that the front face of Lingke is ugly), which can all hit the face, and the reasons behind it can be imagined.

The appearance design of Shu Xiangjia, the latest listing of Chery New Energy, has also caused controversy. The high emotional intelligence statement is: Thanks to Chery for letting us use 130,000 yuan to buy 1 million Lotus Eletre.

Split headlights are a very common design in 2023, but it really takes some skill to design the front face so similar to another car.

In fact, you said that Chery’s design in recent years was completely bad, right? That’s not true either. For example, Chery Tiggo 9 can easily see that this is a Tiggo series model.

The biggest problem with Chery’s design is that there is no inheritance, no unified tonality, which is what we often call "family design". Every car designer is flying himself.

There are a thousand Hamlets in the hearts of a thousand readers, and each new Chery car also has its own "brand-new design".

Manufacturer’s guide price: 249,800-349,800 yuan.

Body wheelbase: 2950mm

Powertrain 1: 215 kW rear motor+62/82/100kWh battery

Powertrain 2: 360 kW dual motor+82kWh battery

Pure battery life: 550/705/855/630 km (CLTC working condition)

Despite Huawei’s blessing, the appearance of Zhijie S7 listed this week can still find the shadow of other brands.

In the front part, the headlights are wrapped in the design of bumper and fender, which is easily reminiscent of Porsche Taycan.

Porsche Taycan is the earliest high-performance luxury four-door tram. It is understood that Huawei and Chery want to realize the dream of young people driving Porsche.

But what young people want is "a handsome high-performance pure electric car like Taycan", not "a high-performance pure electric car like Taycan".

In addition to the front of the car, at first glance, the rear of the intellectual S7 is also full of the shadow of another car.

The taillight of Zhijie S7 looks like the designer buckled the taillight of Lincoln Continental and then pasted it on.

In fact, even if you want to learn from it, or just go as Lincoln’s designer thought, there is a better plan. For example, the taillights of the zero-run C01 adopted a similar style, but no one accused them of being like Lincoln Mainland.

Manufacturer’s guide price: 166,900-192,900 yuan.

Body wheelbase: 2830mm

Powertrain: 1.5t (156ps220n m)+2nd gear DHT.

Pure battery life: 55/108km (CLTC working condition)

Jetway launched a new car, Shanhai L9, in November. This car not only has the same name as the ideal L9, but also has a face-to-face design with the ideal first production car, Li ONE.

Although Shanhai L9 used split headlights and designed a set of lights around China Net, you can see at a glance the relationship between this car and Li ONE, just like the relationship between Jay Chou and Zhou Binglun.

Interestingly, the penetrating daytime running lights of Shanhai L9 are more similar to the ideal L9. I didn’t expect Jetway to have an "iterative upgrade". He really, I cried to death.

You said that the hybrid SUV with penetrating running lights, how come other brands are not like Li ONE? If it weren’t for these cars, I thought the hybrid SUV could only grow into an ideal one!

Manufacturer’s guide price: 53,900-69,900 yuan.

Body wheelbase: 2160mm

Powertrain 1: 35kW front motor+17.69kWh battery

Powertrain 2: 40kW front motor+28.08kWh battery

Pure battery life: 201/301km (CLTC working condition)

Before talking about this car, we should first sort out the relationship between Kaiyi and Chery, otherwise we may have wronged our "science man".

Kaiyi was originally a sub-brand established by Chery in 2014, and its models featured a "shell change".

Later, part of Kaiyi’s equity was sold to Yibin Automobile Industry Development Investment Co., Ltd. and Sichuan Yibin Pushi Group Co., Ltd., of which the latter is a wholly-owned subsidiary of Wuliangye.

At present, Chery still holds 47.82% equity of Kaiyi, so it is no problem to call Kaiyi "Chery Department".

Back to Kaiyi Picking Up the Moon, this car has a name full of China traditional poetry, but its appearance is suspected of copying smart, a joint venture between Mercedes-Benz and Geely. (We didn’t use "suspected plagiarism" in all the cars in front. )

The front face lamp module is almost a cheap miniature version of smart, and the bumper also uses the same T-shaped line.

The D-pillar shape on the side is the most accusing part of plagiarism: the D-pillar design of the iconic roof cover of this generation of smart and the round logo are used.

The shape of the headlights at the rear of the car, even the sheet metal of the door, is the shadow of smart.

In addition, don’t say, "It’s not that samrt can’t afford it, but that Kaiyi is more cost-effective."

In fact, this car is not cheap, and the starting price is as high as 53,900 yuan. With this money, isn’t it sweet to buy Lumin originally designed by Chang ‘an?

Ironically, official website of Kaiyi still hangs the words "young, innovative and authentic".

Deng Xiaoping’s 1978-1979 series of visits： I learned what modernization is.

Special topic: picture channel

Special topic: news network for 30 years of reform and opening up

　　An important step in the process of world modernization

　　From January 1978 to February 1979, Deng Xiaoping visited Myanmar, Nepal, North Korea, Japan, Thailand, Malaysia, Singapore and the United States. This series of visits, especially to the United States and Japan, helped Deng Xiaoping to accurately position the relationship between China and the outside world, and initially formed a strategic thinking of promoting common development and mutual benefit between China and the world through reform and opening up.

　　From October 22 to 29, 1978, Deng Xiaoping paid an official goodwill visit to Japan. The picture shows Japanese Prime Minister Fukuda Takeo (second from right) welcoming Deng Xiaoping. Xinhua news agency

　　From January 29th to February 5th, 1979, Deng Xiaoping paid an official visit to the United States. The picture shows Deng Xiaoping waving a cowboy hat to greet the audience while watching the equestrian performance in Houston. Xinhua news agency

　　A visit to open the door to Sino-US cooperation ―― "Now the people of both countries are shaking hands"

　　A visit recorded in the history of Ford Company ―― "He is not tall and has a strong handshake"

　　An Investigation of Planning Development Blueprint ―― "I know what modernization is"

Advantages of Pentium T77 and AION Y

Pentium T77 attracts many consumers with its tough design and excellent cost performance. Its interior is exquisite in workmanship and exquisite in materials, creating a sense of advanced beyond the same level. In terms of power, the T77 is equipped with a 1.5T engine with abundant power and economical fuel consumption, which is suitable for urban commuting and long-distance driving. In terms of intelligent configuration, T77 is equipped with D-Life intelligent interconnection system, which supports voice control and makes driving more convenient and safe.

AION Y stands out with its new energy identity and scientific interior design. Pure electric drive, zero emission, in line with the concept of green travel. The cruising range is over 600 kilometers, meeting the needs of daily travel and short-distance travel. The interior is made of a lot of soft materials, with large central control panel and panoramic skylight, which pay equal attention to technology and comfort. ADiGO 3.0 intelligent IOT system provides rich online services, which improves driving pleasure and convenience.

The two cars have their own advantages. Pentium T77 pays attention to cost performance and power performance, while AION Y has advantages in new energy and technology configuration. Consumers can choose according to their personal needs and preferences.

Everyone has different needs and preferences for vehicles, so they should be considered comprehensively according to their own actual situation when choosing. It is best to test drive these two cars in person and feel their characteristics and differences so as to make a more suitable choice.

Shenzhen area blue electricity E5 price reduction news, the highest discount 40,100! Quantity is limited

Welcome to Autohome Shenzhen Promotion Channel, we bring you the latest car market trends. At present, the much-watched models are going through a not-so-small promotion, aiming to provide consumers in Shenzhen with more attractive car buying options. The maximum discount has reached an astonishing 40,100 yuan, which makes the Blue Electric E5 model originally priced at 99,800 more cost-effective. If you are interested in this model, don’t miss this good time to reduce the price, click the "Check Car Price" button in the quotation form, and let professional consultants get the best car buying plan for you.

深圳地区蓝电E5降价消息，最高优惠4.01万！数量有限

The exterior design of the Blue Electric E5 combines dynamic and technological senses, revealing a sophisticated and stylish front face. Its iconic air intake grille features a unique matrix design, which not only increases the visual impact, but also effectively enhances the aerodynamic performance. In overall style, the Blue Electric E5 outlines a robust dynamic aesthetic with streamlined body lines, showing a balance between the driving experience and modern aesthetic pursuits.

深圳地区蓝电E5降价消息，最高优惠4.01万！数量有限

With its well-designed body proportions, the Blue Electric E5 shows smooth side lines. The body size is 4760mm*1865mm*1710mm, and the wheelbase reaches 2785mm, providing a solid foundation for the interior space. The front and rear wheelbases are 1585mm and 1580mm respectively, ensuring the stability of the vehicle. The tire specifications are quite balanced, with 225/55 R18 tires on the front and rear, and a delicate rim design, which not only enhances the driving comfort, but also adds a sense of movement and power. Overall, the side lines of the Blue Electric E5 are simple and atmospheric, perfectly blending practicality and aesthetics.

深圳地区蓝电E5降价消息，最高优惠4.01万！数量有限

In terms of interior, the Blue Electric E5 is designed in a simple and modern style, with a leather-wrapped steering wheel, which not only enhances the grip, but also is easy to operate. The 12.3-inch central control screen serves as the visual focus of the car, integrating multimedia systems, navigation, telephone and air conditioning controls, providing a convenient interactive experience. The seats are made of imitation leather, focusing on comfort. The main and passenger seats support multi-directional adjustment of front and rear, backrest and height, providing passengers with a personalized sitting posture. The rear seats support backrest adjustment and have a proportional reclining function for easy space expansion.

深圳地区蓝电E5降价消息，最高优惠4.01万！数量有限

The Blue Electric E5 is equipped with a 1.5L displacement L4 engine, which has a maximum power of 81 kilowatts and an output torque of 135 Nm. It is matched with the E-CVT continuously variable transmission to provide efficient power performance for the vehicle.

Summarizing the owner’s evaluation, the Blue Electric E5 won his favor with its unique front face design and eye-catching LED daytime running lights, and its domineering appearance undoubtedly added more charm to it. For drivers who pursue individuality and recognition, the Blue Electric E5 is undoubtedly the best choice in their hearts.

Foshan area Asian dragon price news! Reserve price 143,800, today’s great benefits

Welcome to Autohome Foshan Promotion Channel to reveal an exciting car purchase benefit for you! At present, the much-watched Toyota is conducting preferential promotions in the Foshan area with unprecedented intensity. This luxury sedan is known for its excellent performance and comfort. Now the maximum discount limit has reached an astonishing 50,000 yuan, and the minimum starting price has been adjusted to a very competitive 143,800 yuan. This rare discount opportunity is not to be missed. If you are interested in Asian Dragon, be sure to click "Chatti Car Price" in the quotation form to seize this rare opportunity to save money. Hurry up and don’t let the discount pass by!

佛山地区亚洲龙降价消息！底价14.38万，今日钜惠

[Asian Dragon Appearance]
As a sedan full of oriental charm and modern design, the exterior design of the Asian Dragon leads the fashion trend. Its front face is uniquely designed, and its angular lines outline a powerful silhouette. The air intake grille adopts a large area of blackened mesh design, which adds a sporty atmosphere and effectively enhances the visual impact of the vehicle. The overall style is biased towards the coexistence of elegance and dynamics, and the details reveal refinement and luxury, which makes people unforgettable.

佛山地区亚洲龙降价消息！底价14.38万，今日钜惠

The Asian Dragon’s sleek body lines outline an elegant side profile, reaching a length of 4990mm, a width of 1850mm, a height of 1450mm, and a wheelbase of 2870mm, providing a solid foundation for the interior space. The front track of 1595mm and the rear track of 1605mm ensure the stability of the vehicle. In terms of tire specifications, it is equipped with 215/55 R17 tires, which not only meets the needs of driving performance but also takes into account comfort. The wheel rim design fuses modern aesthetics with practicality, adding a sense of sophistication to the overall shape.

佛山地区亚洲龙降价消息！底价14.38万，今日钜惠

[Interior Introduction] Asian Dragon’s interior design focuses on the combination of practicality and texture, and adopts a simple yet refined style. The steering wheel is made of plastic material, which although not full of high-end feeling, provides a good grip and control experience. The 10.25-inch central control screen has a clear display and integrated multimedia functions, which is easy to operate and meets daily entertainment needs. The seat is made of comfortable fabric material, which supports front and rear adjustment, backrest adjustment and high and low adjustment to ensure the comfort of the driver and passengers. The front and rear rows are equipped with USB/Type-C ports, which is convenient for passengers to charge electronic devices at any time, satisfying the convenience of digital life.

佛山地区亚洲龙降价消息！底价14.38万，今日钜惠

Aimed at the Asian Dragon, the 2.0L engine delivers 173 horsepower and a maximum torque of 206 N · m. The L4 layout works well with the CVT CVT (analog 10th gear) to ensure smooth and efficient driving.

Summarizing the owner’s evaluation, the Asian Dragon won his recognition with its unique exterior design and atmospheric front face, which not only met his aesthetic needs, but also brought a high return rate. He said that the combination of the momentum of the front grille and the sense of technology, as well as the fashion elements of the through rear, have made the Asian Dragon stand out among many models and undoubtedly become the focus of his driving journey. Such praise is undoubtedly a major success of the Asian Dragon in exterior design.

C16 listed, zero run reinvestment ＂cost-effective＂

Text |connected mobility　Xiong Chaoge

Editing | Pony

Walking on the road of cost performance, the zero-run car is "full of determination".

On June 28th, Zero Run C16 was officially launched. This model is positioned as a medium and large SUV within 200,000 yuan, and is equipped with many configurations that are not lost to high-end models, which has triggered heated discussions in the industry.

After tasting the sales sweetness brought by the 2023 C11, Zero Run no longer adheres to the slogan of "exceeding Tesla", but positions itself as the "Uniqlo" of the automotive industry.

On the other hand, the gross profit margin of Zero Run in 2023 has just turned positive, and it has fallen back to negative figures in the fierce price war competition in the first quarter. NIO MONA, Xiaopeng Ledao and other sub-brands have joined the battlefield, and BYD in the mid- and low-end market is still pushing the price to roll in, and the pressure of Zero Run is not small.

Recently, it has been reported that Zhang Weili, senior vice president and chief marketing officer of Zero Run Auto, will leave. In the past six months, Zeng Lintang, Wu Baojun and other senior executives of Zero Run Auto have left. With the reform of Zero Run’s marketing system, Zero Run adjusts its combat effectiveness in the midst of market changes.

At present, Zero Run is focusing on "large rolls and special rolls" at the price of 150,000 yuan, and has released 4 series models and product layout plans for the next 3 years in one breath.

What will this help Zero Run achieve in 2024?

1. With more than 100,000 cars, the investment in zero running is very large?

Looking back at the Zero Run C16 that has not been listed for a long time. This smart 6-seat medium and large SUV includes two power modes of pure electricity and range extension, three versions of smart enjoyment, exclusive enjoyment and smart driving, a total of 6 models, and the listing guide price is 15.68~ 185,800 yuan, that is, the top match does not exceed 200,000.

Zero Run C16 price chart, picture source Zero Run Car official website

Combined with the price range, Zero Run’s investment in this model is considerable.

In terms of spatial layout, the C16’s body size is 4915 * 1905 * 1770mm, which is up to the standard line of medium and large SUVs. In the 2 + 2 + 2 seat layout, it is equipped with a 14.6-inch central control screen, a 15.6-inch rear entertainment screen, a 21-speaker stereo, and a three-temperature zone independent air conditioner.

On the smart cockpit, the C16 uses a smart cockpit based on the Qualcomm Snapdragon SA8295P chip, with AI computing power reaching 30 TOPS.

On the power battery, the C16 pure electric version uses a global 800V silicon carbide high-voltage platform, with 800V fast charging from 30% to 80% for the fastest 15 minutes. It also provides a 215kW drive motor, equipped with a 67.7kWh battery, and the CLTC pure electric battery life reaches 520km. The C16 extended range version uses a new generation of range extender, equipped with a 28.4kWh battery. The CLTC pure electric battery life is 200km, and the CLTC comprehensive operating conditions range reaches 1095km.

Intelligent driving configuration, C16 is equipped with NVIDIA Orin-X chip, Hesai laser radar, and 8 million pixel camera and other 30 sensing hardware, the vehicle computing power reaches 2048TOPS, to achieve urban NAC navigation auxiliary cruise, high-speed, urban expressway intelligent pilot NAP;

In addition, in the car purchase rights and interests, zero run also gives the vehicle lifetime quality assurance, three electricity lifetime quality assurance, 5,000 yuan optional package voucher, 5,000 yuan subsidy, 5,000 yuan discount, 3680 yuan worth of charging pile installation and other discounts.

Zero Run C16 car purchase rights and interests, picture source Zero Run Auto official website

In other words, the price of 161,800 C16 Smart Enjoy pure electric version, for the pre-order activities of 1,000 yuan to 5,000 yuan before the listing, and the zero-run owners who have replacement needs, only 157,800 yuan can complete the selection and landing.

From the price to the configuration, to the promotion activities, the Zero Run C16 feels like a "price butcher". From the market feedback, this model does show the same signs of explosion as the Zero Run C11. Within 48 hours of listing, the Zero Run C16 has been ordered to be 5,208 units. Previously, Zero Run officials had expected that the C16 will be delivered in July about 2,000 units, and in August more than 5,000 units will be delivered in batches.

With so much investment in a 100,000-plus model, what is Zero Running up to?

"C16 selects top BBA suppliers, which not only sets the price down, but also provides better materials and experience." Zhu Jiangming, founder, chairperson and CEO of Zero Run, said at the C16 launch that Zero Run’s goal is to become the "Uniqlo" of the automotive industry and adhere to the route of low price and high matching.

In 2021, when Zero Run opened the "2.0 era", Zhu Jiangming had set ambitious goals such as "surpassing Tesla in three years" and "the top three in new power car manufacturing", but in recent years it has become more and more realistic – starting from the best-selling of the C series models in 2023, low-cost and high-end models have become the main label of Zero Run.

In 2023, the previous sales force of the Zero Run T03 gradually declined in the fierce competition of the minicar, while the sales share of the Zero Run C series jumped from 44.3% in 2022 to over 73%.

Compared with tens of thousands of yuan of T03, C11, which opens the 15 yuan market, will send Zero Run to a stage with more room to play, and Zero Run has the opportunity to implement more high-end technologies in the product, thus completing the Uniqlo-style "flat replacement".

In March this year, Zero Run released the "2024 New Product Family Bucket", launching the first C10 and 2024 versions of T03, C11, and C01.

Zero Run "2024 New Product Family Bucket" tweet, picture source Zero Run Car official WeChat official account

Taking the main sales model C11 as an example, the 2024 new C11 is equipped with leaf 3.0 vehicle architecture, Qualcomm Snapdragon SA8295P cockpit, FSD variable damping shock absorber, NVIDIA Orin-X chip and many other upgrades, which are placed on the new C11 model with the whole series instead of the top, and the starting price is only 148,800 yuan. Compared with the new C16, it is not difficult to see that the zero-run is a strategy to achieve low-cost and high-end, and basically takes out "all the belongings".

However, in the red sea of price wars, the road to low prices and high matching requires great determination and investment.

2. To break through the encirclement, it still depends on "cost performance"

On the road to "cost performance" of Zero Run, Zero Run C11 is an indispensable product.

At the market end, the main sales model of Zero Run completed the "succession" from T03 to C11, and with the help of this model, the delivery volume of Zero Run in 2023 reached a record high of 144,155 vehicles, ranking among the top three sales of new forces, and achieving a positive gross profit margin of 1.2% in the third quarter of 2023, and then a positive gross profit margin of 0.5% for the whole year.

Zero Run 2024 T11, picture source Zero Run Car official website

The Zero Run C11 once sold more than 10,000 yuan, becoming the sales champion of medium-sized new energy SUVs in the range of 15-200,000 yuan in 2023, accounting for 56% of Zero Run’s sales that year. In the annual report, Zhu Jiangming concluded: "We redefine the selection criteria for new energy vehicles in the RMB 150,000-200,000 yuan level."

Previously, Zhu Jiangming said that in the future, Zero Run will deeply cultivate models of more than 150,000 yuan, and strive to sell 30,000 vehicles per month. In 2025, the first product of the A series with a price of 100,000 yuan will be listed, and 3 B series models in the range of 100,000 yuan to 150,000 yuan will be listed. In 2026, Zero Run will launch 3 models of the D series 200,000 yuan.

From the product layout, the 150,000 yuan is the "anchor point" of the zero-run car in the low-end market. The first stop is the current C series focusing on the price segment of 150,000 yuan to 200,000 yuan, while the A, B, and D series models are respectively arranged at both ends of the price segment.

At present, from the layout of the model, with the C11 as the stepping stone, the main strategy of Zero Run has been fully transferred to "cost performance", challenging the product positioning of high-end models.

In addition to the intelligent pure electric minicar T03 and the intelligent sedan C01, Zero Run’s main sales products are concentrated in the SUV, a new energy must-compete model, including two medium-sized SUV products C10 and C11, and a medium-sized and large SUV product C16, which are mostly similar to the ideal L6, L7, L8, and Qjie M7 and M9.

In the face of netizens’ ridicule of C16 "ideal flat replacement" and "half-price ideal L8", Zhu Jiangming responded to the media that Zero Run did not mind this statement. "Users who are used to buying Chanel occasionally buy Uniqlo and buy products like C16. After using it, they find that it is the same, and they may become loyal fans of Zero Run."

In the first quarter of this year, Zero Run Auto recorded revenue of 3.486 billion yuan, an increase of 141.7% year-on-year, and net loss narrowed to 1.013 billion yuan, a decrease of 10.59% year-on-year. In addition, as of the end of the first quarter, Zero Run cash and cash equivalents, restricted cash, financial assets at fair value into profit and loss and bank time deposits totaled 17.584 billion yuan.

But in the fierce price war of the industry, Zero Run launched many promotional activities, and the gross profit margin fell back to negative -1.4% again. This means that Zero Run, which has accumulated sales of 33,400 vehicles in the first three months, lost an average of 1,460 yuan for each one sold, and accidentally slipped off the "wire" and returned to the situation of "selling more and losing more".

But for the price war, Zero Run is already mentally prepared. Zhu Jiangming said that "the market is mature, and it is unrealistic for everyone not to fight a price war." He believes that the price war will continue for three years, the competition will remain fierce, and the process of new energy vehicles will be completed in three years. At that time, pure fuel vehicles will account for less than 10%. During this period, new energy vehicle companies will fully compete and seize positions.

In the red ocean of price involution, cost performance is the main focus, which means that how to balance costs will be a long-term proposition for zero runs.

3. Cost control will be a long-term problem for zero running

After 2023, when the strategy is gradually clear, Zero Run gradually focuses on "cost control".

In 2024, Zero Run officially proposed a sales target of 250,000 to 300,000, and it is expected to achieve profitability by the end of 2025 and early 2026. Before that, around the cost, Zero Run cars need to continue to withstand two tests.

First, increase sales. In 2023, Zero Run failed to meet 200,000 sales target. In the first half of 2024, Zero Run accumulated sales of 66,500 vehicles in the first five months, and in June it ushered in the outbreak, delivering 20116 vehicles, breaking through 20,000 sales for the first time, but overall, Zero Run sold 86,696 units in the first half of the year, only completing the annual sales target of about 35%. Zero Run’s sales volume is not low among its peers, but the strategy of focusing on small profits but quick turnover makes it particularly need sales scale.

Second, to further reduce costs. To achieve the route of low price and high matching, Zero Run must allow its own products to have cost advantages while benchmarking with competitors in exchange for price and configuration. At present, Zero Run relies on global self-research, making the product self-made rate exceed 70%, of which more than 60% of the core parts of the vehicle cost are self-developed. Zhu Jiangming previously said that the three rounds of technical cost reduction that Zero Run has completed will reach 40% in 2023, and it is entering the fourth round of cost reduction cycle.

In fact, the increase in the scale of sales, zero running can get more in the production and manufacturing has the voice over, and reducing costs means directly improving the competitiveness of products.

Zhu Jiangming, founder, chairperson and CEO of Zero Run Auto, pictured on the official website of Zero Run Auto

In an interview with Late Auto, Zhu Jiangming said of sales and costs, "At this stage, the annual sales 500,000 can survive, 1 million have stronger vitality, and the best way to live is more than 3 million". When the scale is large enough, the advantages of refined management will appear. He said that Zero Run paid attention to the cost issue when it launched the C11, and used cost optimization to set more convincing prices for all models in March last year, which promoted sales to rise all the way.

Zero Run Auto’s financial summary in the past five years, picture source Zero Run Auto’s 2023 financial report

In the past five years, Zero Run has lost more than 14 billion yuan. Under the background that the stock price of Hong Kong stocks has been declining and has not yet risen back to the issue price, Zero Run Auto must face the next challenges cautiously. Now, in addition to products, Zero Run is also constantly seeking reforms and opportunities.

On the one hand, Zero Run is reforming its marketing system and further deploying the lower-tier market. In May, Zero Run merged its three original sales departments into a "sales department", and plans to increase the number of lower-tier market outlets from more than 500 to 800. It will open a 4S store in the Motor City, using the "1 + N" model of many display stores in the surrounding area of the 4S store to cover cities without outlets.

On the other hand, Zero Run’s overseas cooperation with Stellantis is progressing steadily. In May this year, Zero Run and Stellantis joint venture Zero Run International were officially established. It plans to land in 9 European countries in September. It will enter India and Asia Pacific (excluding Greater China), the Middle East and Africa, and South America from the Q4 quarter. It will cover major markets outside North America within a year. In the asset-light model that is not responsible for marketing and production, Zero Run is expected to obtain a healthy cash flow.

On the one hand, it covers the product layout planning for the next three years, and on the other hand, it strives to reduce costs and seek to go overseas. The ambition of Zero Run is fully demonstrated. Low price and high matching is a sharp blade with pressure. How effective it can be depends on the specific operation of Zero Run this year.

＂Four Great Talents＂ guest appearance in ＂Dragon and Phoenix Shop＂ Huang Xiaoming becomes a crazy old man

Huang Xiaoming plays "Tang Bohu" of the four talents

Tang Bohu is a "big cheat"

The emperor asked Tang Bohu what treasure to bet on

The four great talents cheated all the clothes, money and food that the emperor accompanied

　　It is being screened in cinemas across the country. In addition to the wonderful performances of the "Four Great Talents" in the film, he even took the time to make a cameo appearance in the ancient costume romantic comedy "Dragon and Phoenix Shop", which will make the film released on August 19 even more brilliant. In "Dragon and Phoenix Shop", the four great talents will appear together and form a "super old group". Huang Xiaoming is even more crazy and plays tricks on the "Emperor" Ren Xianqi, not only deceiving him of all his belongings and even his clothes, but also making him mistakenly enter the beggar gang.

The "Four Great Talents" made a cameo appearance, and Tang Bohu "led" the old thousand group

　　That year, Zhou Xingchi successfully deconstructed Tang Yin, a historical talent, and the movie was praised by countless people. 17 years later, the director Li Liqi invited Huang Xiaoming, a popular teenager, to succeed Zhou Xingchi, and it was filmed that Huang Xiaoming would join Zhou Libo, Ren Xianqi, and Chen Baixiang in the film to form the "Four Talents", and once again stage romantic and funny things. In the ancient costume romantic comedy "Dragon and Phoenix Shop", the four people will make cameo appearances in the movie, and together they will become a "super old thousand group" to set up a big gamble, deceiving all the wealth of Weifu’s personal visit to "Ren Xianqi", thus making the emperor a beggar.

Huang Xiaoming became a crazy old man, Ren Xianqi "cheated" Ren Xianqi

　　In "Dragon and Phoenix Shop," Ren Xianqi, the "Zhengde Emperor" who has just escaped from the palace with the "Three Kings of Prison Escape", is a gambling game set up by the "Four Great Talents" in the street market. "Talented Tang Bohu" Huang Xiaoming disguised as "Crazy Old Cheat", won the game full of pots and even stuffed with silver tickets. Director Zhong Shujia revealed that Huang Xiaoming is quite devoted to comedy and often creates his own scenes in real shots. For example, when he cameos in the role of "Old Cheat", he designed a crazy action of jumping on the table to raise bets. Coupled with the "joint performance" of Zhou Libo, Chen Baixiang and others, Ren Xianqi immediately became a gambler, so he fell into the game set up by the four of them, and eventually lost all his clothes, so he became a beggar. Ren Xianqi will also play two roles in the film, playing the "Einstein version of Xu Zhenqing" in the "Four Talents", and deceive himself.

Ren Xianqi is in love with S "Longfeng Store" to welcome guests on August 19

　　"Dragon and Phoenix Shop" is adapted from a traditional drama. It tells the story of the Ming Dynasty Zhengde Emperor’s private visit to Jiangnan. After meeting Li Luo Yufeng, the two achieved a marriage story. Ren Xianqi and Da S will play the Zhengde Emperor and Li Luo Yufeng respectively in the film. "Dragon and Phoenix Shop" is also the second film of the "5510" project of the famous Hong Kong filmmakers Xiang Huaqiang and Xiang Huasheng Brothers. The first film of the project is "Tang Bohu Dian Qiuxiang 2". " "Dragon and Phoenix Shop" will be released nationwide on August 19. In addition to Ren Xianqi and Da S co-starring, Luo Jiaying, Liang Xiaolong, Chen Baixiang, Huo Siyan, Gong Xinliang, Pan Changjiang, He Yunwei, Liu Yajin and a group of old actors and comedians from both sides of the Taiwan Strait and three places also joined the film.　

More great pictures on the next page!

The police confirmed that it was indeed ＂Erkang＂ Zhou Jie who drove over the taxi

Feature: Zhou Jie caught in the "car door crash"

　　　　Actor Zhou Jie. Infographic

　　　　Yesterday, two injured passengers were waiting for treatment in the emergency room of Chaoyang Hospital. Photo by Wang Guibin, Beijing News

　　　　A passerby inspects an unlicensed Mercedes-Benz at the scene of the incident. Photo by Wang Guibin, Beijing News

　　　　At about 3:50 am yesterday, an unlicensed Mercedes-Benz collided with a taxi on Gaobeidian North Road (Chaoyang District, Beijing), injuring three people in the taxi. The reporter learned from Chaoyang Traffic Detachment today that the owner of the Mercedes-Benz was indeed Zhou Jie, an actor who played Erkang in "Huanzhu Gege". After the incident, Zhou Jie dialed 122 to call the police, but then left the scene. Yesterday afternoon, Zhou Jie had come to the traffic detachment to deal with the accident. At this time, an alcohol test was carried out, and the test result was zero.

　　　　　
Traffic control authorities told the media in the morning that the police received two consecutive calls at about 3.53am yesterday, from a witness and "the victim claiming to be surnamed Zhou". When police arrived at the scene, they found that the accident occurred near the entrance of the No. 115 bus stop. The taxi had been pushed overboard by the "Da Ben" and hit a telephone pole. The car body was squeezed and deformed. The owner of the "Da Ben" was not found at the scene. The taxi driver and two passengers were injured, one of whom was fractured.

　　　　This morning, the police played a recording of the incident to reporters. In the recording, the owner, who gave his surname as Zhou, clearly reported the scene of the accident and the license plate number of the Mercedes-Benz. But the police at the scene found that the R-Class Mercedes-Benz had no number plates hanging from the front and rear. Later, the police found the number plate in the trunk.

　　　　After investigation, the owner of the car was the actor Zhou Jie. After the police checked the vehicle file database, they contacted Zhou Jie with the alarm phone number and the vehicle registration phone number respectively. The person who answered the phone claimed to be Zhou’s friend. The "friend" told the police that he would notify Zhou Jie as soon as possible and go to the traffic team to deal with it. Soon, Chaoyang police searched Zhou Jie’s residence according to the address registered by the vehicle, but still found no trace of him.

　　　　At 4 p.m. yesterday, Zhou Jie came to Chaoyang Traffic Detachment for treatment, and said, "After the accident, I felt uncomfortable, chest tightness, dizziness, and went to the hospital for examination and treatment."

　　　　"He wasn’t drinking," Mr. Zhou said, referring to suspicions that the other party in the accident was driving under the influence. The police conducted a breath alcohol test at this time, and the result was zero.

　　　　The traffic control department said in the morning that the accident needs to be handled by "normal procedures", and that the collection of evidence and the identification of the injuries of the wounded will take some time. The investigation is currently underway. The police said that whether Zhou Jie’s account of the accident was true also needs to continue to be investigated. But because he called the police at the scene and reported his license plate number, the "hit and run" theory is not valid. Now it can be determined that the car did not hang the number plate as required, and the police will punish it according to law. Reporter Enron