Source of data: Shenzhen Cross-border E-commerce Association’s creativity/photo courtesy

Securities Times reporter Chen Xiachang

A few yuan a set of wearable nail art, a baby cloth book in 10 yuan, an electronic watch in 20 yuan, and solar outdoor lighting in 300 yuan … These are the products displayed by many merchants at the "Cross-border E-commerce+Industry Belt" activity site in Guangdong Province recently. On the same day, hundreds of cross-border e-commerce sellers and cross-border e-commerce platforms conducted face-to-face docking.

On-site merchants told the Securities Times that most of these goods will be sold around the world through cross-border e-commerce platforms. The cross-border e-commerce channel monopolized by Amazon a few years ago is now being replaced by many Chinese cross-border e-commerce platforms such as AliExpress and SHEIN.

According to data released by the General Administration of Customs, the import and export of cross-border e-commerce in China in the first quarter was 577.6 billion yuan, an increase of 9.6%. After years of development, cross-border e-commerce, a new format, together with general trade and processing trade, constitutes three major trade modes in China and has become a new kinetic energy to stimulate foreign trade growth. While the scale of cross-border e-commerce has expanded, a number of new-generation cross-border e-commerce platforms have developed rapidly in overseas markets and become "Chinese forces" that cannot be ignored. Nowadays, these cross-border e-commerce platforms have been expanding their global market share and become a new choice for global consumers to shop.

Why did the Chinese e-commerce platform rise?

Among many cross-border e-commerce platforms, the TikTok Shop launched by SHEIN, Pinduoduo’s Temu, AliExpress and ByteDance’s TikTok is the most eye-catching, and is called "Four Little Dragons" by the industry.

According to the report released by the market analysis organization Data.ai at the beginning of the year, SHEIN won the global shopping APP download champion again in 2023. On this list, Temu and AliExpress ranked second and ninth. Amazon, the American e-commerce giant, ranked third.

Before 2020, the overseas cross-border e-commerce platform represented by Amazon will become the first choice for sellers in China with a large number of overseas users. But Amazon’s massive titles to China sellers changed the whole ecology. Since April, 2021, Amazon has continued to seal up the accounts of China sellers who violate the rules, and many head sellers have been closed and their funds frozen.

A seller who once opened a 3C store in Amazon told reporters that he violated Amazon’s relevant policies by guiding users to evaluate products, and the store was finally closed by Amazon.

Then he turned to Ali’s AliExpress, and the effect was good. Next, he plans to open a shop in Temu, hoping to return to the American market.

Although the large-scale titles of Amazon have improved the standardization of the whole industry, it has also made many China sellers realize that they can’t put all their eggs in one basket. They urgently need to find a new platform to share risks.

In 2022, Temu and TikTok Shop were established successively. SHEIN, which has been operating overseas for many years under its own brand, was officially opened to third-party sellers, attracting third-party sellers to join and rapidly expanding its scale. Together with Alibaba AliExpress, which has been operating in Europe and America for many years, the Chinese cross-border e-commerce platform entered the field of vision of China sellers.

"Four Little Dragons" have their own characteristics.

The "four little dragons" can rise rapidly, and each has its own "trick".

Temu, which was established in September, 2022, became a shining star in the cross-border e-commerce industry with its parent company, Pinduoduo, who has been deeply involved in the field of affordable e-commerce for many years, and with ultra-low-priced goods and generous advertising promotion.

"Cheap" is Temu’s trademark. According to a report from JPMorgan Chase, according to the statistics of randomly selected commodities, the average price advantage of Temu is less than 20% for high-priced/brand commodities with a price higher than $30, and the average price discount of Temu is more than 50% for commodities with a price lower than $10.

According to the data of the third-party organization Sensor Tower, from September 2022 to November 2023, the global download volume of Temu exceeded 300 million times. In 2023, Temu successively entered the markets of Southeast Asia, Japan and South Korea, and launched sites in Korea, Mexico, Chile, Israel and Malaysia.

"In terms of the global business of the Group, Temu has entered 50 countries and regions since it was launched in September 2022." At the fourth quarter performance exchange meeting in Pinduoduo in 2023, Chen Lei, Chairman and Co-CEO of Pinduoduo, revealed.

Another trump card of Temu is to take the lead in adopting the full custody mode for platform sellers, that is, the merchants are only responsible for loading the goods, and the platform is responsible for the whole process from product selection to performance to sales.

Ning Fujie, an analyst at Zheshang Securities, believes that the full custody mode basically solves the problems of gray production, empty packages and fake goods. For sellers, full custody is also a way with the lowest cost of measuring money and trial and error. Under the strict price comparison, horse racing and marketing mechanism, the purchase price of Temu is lower than that of major platforms.

Compared with the birth of Temu, the veteran e-commerce company SHEIN is telling more new stories.

Founded in 2012, SHEIN mainly sells women’s fast fashion related categories in overseas markets. In the domestic market, SHEIN has always been a very low-key presence. It was not until the epidemic period that overseas users accelerated online consumption, the frequent appearance of SHEIN on foreign APP download lists, and its repeated breakthroughs in valuation attracted domestic attention. At present, SHEIN has developed into a super unicorn enterprise with a valuation of more than 60 billion US dollars.

Yang Renwen, director of Guohai Securities Research Institute, believes that SHEIN’s rise in overseas markets lies in its "flexible supply chain+high-frequency innovation and cost performance+public and private domain marketing". SHEIN’s operation process is that the back-end data center quickly updates and tests products according to big data analysis, and the supplier adopts the mode of small order and quick reaction, and quickly responds according to the sales situation of goods, chasing orders for explosive products, or modifying and retesting non-explosive products, relying on this efficient iterative rhythm to maintain the output of explosive products. In addition, the company’s marketing method of combining public and private domains not only ensures the acquisition of new customers, but also promotes user activity and realizes the long-term growth of brand value.

Since 2023, SHEIN has continuously deepened its platformization strategy, faced the global market, invited more third-party sellers to settle in, and gradually formed a "self-operated brand+platform" dual-engine development model.

The relevant person in charge of SHEIN told the reporter that unlike the traditional e-commerce platform, SHEIN emphasized the deepening of the platform model, including agency operation and independent operation. Under the agent operation mode (similar to the full custody mode of Temu), SHEIN provides one-stop empowerment and services, including commodity operation, warehousing, logistics, customer service and after-sales. In the autonomous operation mode, sellers can operate independently, including self-management of product selection, shelving, marketing strategy, sales, inventory, logistics, etc. SHEIN proposed to support brand building by relying on platform resources and brand influence.

Shenzhen Cross-border E-commerce Association has analyzed the advantages of the "Four Little Dragons" and the traditional giant Amazon. The association believes that AliExpress is outstanding in logistics, market and user coverage; SHEIN is a fast fashion company. Its main advantages are a strong digital supply chain system and a large number of young users and brand loyalty accumulated in the early stage. TikTok Shop has TikTok’s global mass user base, which stimulates users to place orders through short videos to plant grass products and live broadcast and key opinion leaders (KOL). Temu, on the other hand, focuses on the low-cost strategy, and quickly accumulates a large number of users by social fission to seize the market.

Arel, executive president of Shenzhen Cross-border E-commerce Association, said in an interview with the Securities Times that after the success of Temu’s full hosting model, the most mainstream cross-border e-commerce platform in China has embraced the full hosting model. At present, this model is continuing to be promoted and practiced in the global mainstream e-commerce platforms, which is unstoppable, greatly expanding the influence of cross-border e-commerce products in China overseas.

According to the customs statistics of Shanghai Pudong International Airport, the number of export declarations of Pinduoduo, TikTok and SHEIN3 through Shanghai Airport Port in 2023 increased by more than 10 times year-on-year.

Behind the triumphant March

Controversy continues

The Chinese-funded cross-border e-commerce platform has made great strides overseas, but it has also attracted a lot of controversy.

Take Temu as an example. Many sellers complain about Temu’s full hosting model, mainly focusing on Temu’s price reduction. Many sellers in Pinduoduo told reporters that Temu has a strict price review mechanism. If the seller’s quotation on Temu is higher than the price of similar products of domestic wholesale e-commerce company 1688, the platform will let the seller re-quote, and the subsequent goods preparation process can only be carried out after the verification price is passed. Because of the strength of the platform, most enterprises can only choose "tolerance".

In addition, under the full hosting mode, the long logistics time also restricts the development of the platform.

Deng Wenhui, an analyst at Guolian Securities, believes that the price advantage of Temu in full custody mode is obvious compared with Amazon, but the logistics timeliness is poor. According to her sampling survey on the prices of various commodities on the two platforms of Temu and Amazon, the prices of commodities with less than $10 on Temu platform and similar commodities on Amazon platform are about 2-3 times that of Temu. However, in terms of delivery timeliness, according to the official disclosure of Temu, it takes about 8-12 days for free standard delivery and 5-9 days for fast delivery of fees. Because Amazon has a local warehouse to stock up in advance and a strong logistics system, the delivery time in the United States only takes about 2 ~ 3 days.

The rapid development of Chinese-funded cross-border e-commerce platforms has inevitably moved the "cakes" of many national local platforms.

Taking South Korea as an example, the development of both AliExpress and Temu in the Korean market has shown a strong growth trend this year. As of March, the users of the two platforms in Korea were 8.88 million and 8.3 million respectively, second only to the Korean e-commerce giant Coupang. However, according to Yonhap News Agency, relevant Korean institutions are investigating the collection and use of personal information on cross-border e-commerce platforms in China. Previously, AliExpress had been inspected by KFTC, the Korean antitrust regulator, because of the increase in consumer complaints in Korea. There are indications that the South Korean government is stepping up its supervision of cross-border e-commerce platforms, which can be regarded as a protective measure for domestic enterprises to some extent.

Arel suggested that in 2024, cross-border e-commerce sellers should pay more attention to and invest in new global markets such as Southeast Asia, the Middle East, Russia, Africa and Latin America. Compared with the European and American markets with many sellers and fierce competition, emerging markets with rapid growth and great potential in 2024 will bring new performance growth points to cross-border sellers. In addition, with the sharp increase in compliance costs in Europe, Brazil, Southeast Asia and other markets, compliance in 2024 will be the primary issue that cross-border sellers must pay attention to.

Tesla has a great reputation, but it is controversial. It is hard to say whether it is good or bad. Everyone has different opinions. Domestic news has negative news about Tesla every year, but most people still like Tesla’s cars, so the sales volume has not decreased, and there is even an upward trend, which is quite surprising. In 2023, Model Y sold a total of 456,000 vehicles in China. BYD did not dare to touch porcelain.

In 2024, the sales volume of Model Y continued to grow, with a monthly sales volume of more than 30,000 and over 40,000 in recent months, which means that BYD Qin PLUS can compete with Tesla. As can be seen from the data, the sales volume of Model Y is very high, and the price of this car is not cheap, and it is sold according to the manufacturer’s guidance price. The price of most consumers buying a car is around 300,000. Some people say that the sales of Model Y will reach a new high in the second half of this year, because there will be six models, and the official has already rumored that there will be no six. Let’s take a look at the current car.

In terms of appearance, Tesla’s car is similar in design, but it looks good anyway, and the body is like a one-piece cut. The front face is a closed grille design, but the concave shape shows the outline of the grille, with sharp lines and a sense of movement. The lamp group is located on the hood, with sharp shape and Tesla logo in the middle, which is highly recognizable. There is a big black mouth at the bottom, the front lip is prominent, and the whole front face smells like a sports car, which is in line with the aesthetics of most Chinese people.

Viewed from the side, the silver body is a bit like a mech, with a prominent waistline and a hidden door handle. Is the roof a slip-back design or a sense of movement? The hub of the new car adopts a spoke structure with red calipers inside, which is very radical for a big car. The tail is still of conventional design. It is said that the new car is a penetrating taillight, but the current car is still designed separately, with a large area of blank space at the bottom, which is not monotonous in perception. The size of the new car is 4750*1921*1624mm and the wheelbase is 2890 mm. As a medium-sized car, the size is quite satisfactory.

In the interior part, the interior design of the new car is relatively simple, there is no physical button on the center console, and bright materials are added to make it look fashionable. The round steering wheel is heavy, so nobody likes the special-shaped steering wheel. They are all genuine leather, support four-way adjustment, and are equipped with electronic pocket design, which is a little fun to drive. In terms of technology, this car has a large LCD screen, which is 15 inches, and it looks very atmospheric. In terms of functions, it supports speech recognition and remote control of mobile APP, and can diagnose the condition of vehicles by itself. The seat is made of imitation leather, supports lumbar support adjustment, can be heated, and is very comfortable to ride.

Low-profile models only have rear motors, with a motor power of 220kw and a torque of 440 N m. There are motors before and after the middle-high models. The total power of the middle-high models is 331kw and 357kw, and the torque is 559N·m and 659N·m, respectively. The low-profile battery Contemporary Amperex Technology Co., Limited has a capacity of 60 degrees, while the medium-high-profile battery LG New Energy has a capacity of 78.4 degrees, and its battery life is 554km, 688km and 615km respectively.

Generally speaking, expensive does have the advantage of being expensive. Low-equipped models are not only inferior in battery, but also slightly different in configuration materials. Consumers with high budgets suggest buying medium-equipped models.

　　Our reporter Xu Yuzhe

　　After Midnight Food Store, a remake of Japanese TV series in the first half of this year, suffered from waterloo, the club "Domestic TV series remake of Japanese and Korean TV series will be spit out" has added a new member. Seven Me, a remake of the popular Korean drama Kill me Heal me in 2015, is being broadcast on Tencent video. Although the performance of starring Zray is remarkable, the score of the drama on Douban is only 4.7, which is close to 10,000 people’s scores. More than 30% of the audience scored a low score, and many viewers spit out that "the original version cures my disease, and this version will kill me."

　　Acting can’t save the "Chinese style" remake

　　Seven Ones tells the love story of Yizhen Shen III (Zray), a chaebol with seven personalities, and his secret female doctor Bai Xinxin. When the original version of the play "Kill Me and Heal Me" was broadcast in South Korea, it set off a nationwide drama chase craze, and the audience in China also bought it. The score of the play in Douban was as high as 8.8.

　　However, the original and the remake show a word-of-mouth gap between heaven and earth, and some viewers mercilessly call Seven Ones a "Chinese version" remake, that is, a copy of the original without innovation — — Everything from the scene design to the characters’ lines and performances is exactly the same as the original. Yizhen Shen, played by Zray in the play, has six other personalities besides the main personality. In all fairness, Zray’s performance is very hard, so there is such audience feedback: if it weren’t for Zray’s acting skills, there would be almost no other reason to watch the play.

　　The most prominent embarrassment of Seven Ones is the sound. The remake team almost completely translated the lines of Korean dramas, and made Zray, who speaks Beijing dialect, put on a turtleneck and white sweater to make a confession. The degree of disobedience even made the topic "The adaptability between domestic drama lines and Korean drama lines is zero" on the hot search list. In addition, Ji Ruze, a media person, bluntly said that in many classic paragraphs, the background music was inappropriate, the lines were awkward and blunt, and the camera rhythm was completely out of control, which made the bridge that was supposed to be affectionate and touching take a sense of embarrassment and joy, and this kind of embarrassment and joy was multiplied by the collapse of the modeling.

　　Some critics also believe that the success of the Korean version is because it breaks away from the cliche of love drama, pays attention to depicting the communication process between psychotherapists and splitters, and describes the whole process of redemption and redemption between protagonists and from opposition to reconciliation between main personality and deputy personality. Galen, the audience, was deeply impressed by the fact that Kill Me and Heal Me integrated reality into the character, allowing people to project their love for this character into their understanding and care for the split personality. But to her disappointment, Seven Ones, despite the same plot, failed to convey the deep meaning behind it, leaving only an empty shelf of "Mary Sue Idol Drama".

　　The "all-purpose oil" under the baton of ratings

　　In recent years, on the domestic screen, the remake of the original domestic drama from Japan and South Korea has become a hit. Five or six years ago, Hunan Satellite TV’s remake of The Temptation of Going Home was popular all over the country, which set off a wave of going home. Every once in a while, there will be a remake of David TV, such as Accidentally Falling in Love with You, a remake of the Korean drama Blue Life and Death Love, a remake of Love Through the Millennium from the Korean drama The Man of Queen Ren Xian, and a remake of Midnight Food Store from the same name.

　　The popularity of remakes of Japanese and Korean dramas is closely related to the theory of ratings only. Producer Nan revealed that with the introduction of the policy of "one drama with two stars", the already fierce battle for the TV drama market has become more intense, and the exclusive resources have become more and more urgent. A TV station has to "share" the imported drama with other TV stations at a high price, laying the groundwork for the popularity of the remake drama. "More and more TV stations and websites have realized that they should make their own TV series, and the remake can reduce the risk because of its previous market base." In the view of Zhang Jiapu, a practitioner in the film and television industry, this kind of remake drama is like a "tiger balm". Many investors firmly believe that this kind of drama has made both fame and fortune, but it can be said that it can only earn money without losing money.

　　Unfortunately, although the ratings of remakes such as Beautiful Li Huizhen are very popular, the quality of most remakes is far from the original. However, the producers seem to turn a blind eye to this and are still obsessed with remake. According to industry insiders, this lazy production mode looks beautiful, but it is actually dangerous. Tang Ping, a media person, admits that the extremely perfunctory and quick-money mentality in the remake of Chinese dramas is an important reason that directly leads to a large number of remakes, and Seven Ones is a recent negative demonstration.

　　The remake of the drama should focus on "localization"

　　In the first half of this year, Huang Lei’s remake of Midnight Food Store made the audience disappointed. At that time, some critics pointed out that the biggest problem of "Midnight Food Store" was that it was "localized" and completely imitated the Japanese style. Except that the pickled noodles in the old altar in the play could bring back a little intimacy, the character setting and plot were neither fish nor fowl, and eventually it fell into an embarrassing situation of losing both reputation and ratings.

　　The audience often feel that most of the remakes of domestic dramas lack new ideas, and they often wander between following the original and creating new ideas, so that they often lose the charm of the original and fail to create a new realm, giving the audience a sense of cottage. For example, the remake of "What is Dating and Love" from a Japanese drama has adjusted some details, such as replacing kendo with fencing, and localizing many plots, but the whole drama still has a strong sense of reproduction, let alone surpassing the original.

　　A prominent problem is that at present, most of the remakes of Chinese dramas are still in the fur stage. The film and television critic "Niu Jiao Jian" thinks that simply and rudely changing the actors and changing the story background seems to be the biggest "movement" that can be made in the process of remake, and there are very few real adaptations to local conditions. In Ji Ruze’s view, a remake is a film and television translation. If we only seek accuracy, the best situation is only excellent "machine translation". "Only by organically replacing and adapting the original content can we create ‘ Xindaya ’ If you can’t understand this, the embarrassing situation of "Seven Ones" will be staged. "

Nowadays, there are many kinds of cars, and all kinds of models are dazzling. At this time, we should proceed according to our own reality, and the right one is the best. I’ll arrange it for you by the way today. Let’s take a look at its performance.

First of all, from the appearance, the front of the Audi A5 looks very fashionable and simple, and it looks sporty with a three-piece mesh. The headlights are sharp and the shape is quite fashionable and generous. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, automatic steering, delayed closing, rain and fog mode and so on. Coming to the side of the car body, the size of the car body is 4765 mm * 1843 mm * 1364 mm. The car adopts tough lines, and the side circumference looks very sharp. With large-sized thick-walled tires, smooth lines run through the whole side of the car. Looking back, the overall shape of the rear of the car echoes the front face, the taillights show a sharp design style, and the unique exhaust pipe creates a good gas field.

Arriving in the car, the interior of Audi A5 is angular and has a strong atmosphere, which better enhances the sense of fashion and generosity. The steering wheel shape of this car is eye-catching, and it is made of genuine leather, which looks a bit more avant-garde. Take a look at the central control, with a 10.1-inch central control screen, which makes the interior style impressive and looks simple. The interior feels good. Let’s take a look at the dashboard and seats. The dashboard design is remarkable and eye-catching. The car uses leather seats, and the seats are wrapped in place, which further improves the comfort of drivers and passengers.

Audi A5 is matched with a wet dual clutch (DCT) gearbox, with a maximum power of 195KW and a maximum torque of 370N.m.

The car is equipped with car networking, driving mode selection, remote control key, interior atmosphere light, engine start and stop, etc., and the configuration performance is not to be said, which greatly improves the convenience of using the car.

This car performs well in terms of space and configuration. As for the design, everyone has everyone’s aesthetics. If you like, you can pay more attention to it!

The Porsche Taycan is a new all-electric model launched by Porsche. Its name is pronounced/te?k?n/, where "tay" is pronounced the same as the English word "taxi", while "can" is pronounced similar to "kan".

The exterior design of this model is very unique, featuring the Porsche family-style "flying wing" front face design, which is somewhat similar to the Porsche 911 model.

The body is smooth and dynamic, especially the design of the rear is even more impressive. At the same time, the Taycan also adopts Porsche’s latest electric technology, with strong power performance and excellent battery life, making it a model worth looking forward to.

Porsche is a world-famous luxury car brand under the Volkswagen Group, also translated as Porsche, headquartered in Stuttgart, Germany, and is one of the main representatives of European and American cars. The main models are the classic rear sports car 911, the middle two-seat sports car 718 (including Boxster and Cayman), the sports luxury four-door coupe Panamera, the luxury sports SUV sports car Cayenne, the compact SUV sports car Macan, and the pure electric four-door coupe Taycan.

On November 17th at the Guangzhou Auto Show, GAC Trumpchi launched a new technology brand – Trumpchi Intelligent Electronics Technology i-GTEC, which integrates China’s strongest three electric, high-end electronic and electrical architecture, high-performance intelligent driving, emotional intelligent cockpit and other leapfrog performance, which is more advanced than "super". At the same time, the Trumpchi new energy E8, which has recently broken through the "circle", was officially launched, and a total of 2 models were launched, of which the 150km PRO version 209,800 yuan and the 150km MAX version 229,800 yuan. It is reported that without announcing the detailed configuration and price, the blind order of the E8 broke through 20,000 units.

If this year’s "fairy fight" MPV market is compared to a competition examination venue, Trumpchi New Energy E8 is undoubtedly one of the enviable "top students" on the field. As a "new player" entering the MPV market, E8 can be said to "stir up a thousand waves with one stone". While many MPVs are still struggling to think about the "standard of excellent family cars", Trumpchi New Energy E8, which is full of "smart" and "practical" buffs, has obviously handed in a satisfactory answer in advance.

The strongest brain, enjoy smart travel

Modern families’ demand for cars has extended from meeting basic travel and safety to pursuing quality and convenience, and the demand for the intelligence level of family cars is naturally increasing. However, many MPV models on the market are only equipped with the most basic intelligent functions, and the integration of intelligent systems is low. There are also certain problems in reliability and stability.

The Trumpchi New Energy E8 is equipped with the latest GAC Xingling electronic and electrical architecture, which is like the "strongest brain" and can achieve "one call and one response". When MPVs of the same level are still exploring how to improve the reaction speed of function keys and can only open applications "one-to-one", the E8 has achieved "far ahead" on the intelligent track. The Xingling architecture has been fully upgraded, the overall computing power has been increased by 50 times, and the data transmission rate has been increased by 10 times, which can help the E8 run a larger amount of data at a higher speed in a short period of time, giving users a smoother and silkier driving experience. The vehicle’s multi-domain linkage allows users to experience the sense of control of "military advisor" when driving the E8, and can mobilize multiple intelligent applications in the whole vehicle at the same time with just "a single order", with full marks for execution. At the same time, the E8 can also support global OTA updates of in-vehicle software throughout the life cycle, achieving second-speed iteration, greatly improving OTA efficiency and stability.

With the "strongest brain" of the Starspirit architecture, E8 is like an all-round housekeeper who can solve problems for the family, meeting the needs of the whole family at the same time, leaving more time for us to chat and share joy with our families during the journey.

Intelligent interaction, "words" express what you feel and think

As people’s lifestyles change, the demand for car driving experience is also increasing. In this era where smartphones are frequently criticized for "blocking family ties", the balance of technology and emotion is undoubtedly an important test for a family car.

The E8 is equipped with the ADiGO 5.0 system that has been fully optimized on the basis of the original intelligent interaction. With the support of the Qualcomm Snapdragon 8155 chip, with the 14.6-inch high definition LCD central control screen and the 8.88-inch new instrument, the content is clearer and more intuitive, and the scene service is more appropriate, making the user experience more arbitrary and fast. The new VPA "Xiaoqi" adds a touch of "home" warmth to human-computer communication through natural anthropomorphic voice and natural logic dialogue. Not only that, but the millisecond-level wake-up speed is always available, always responding to the needs of every family. When a family sits on the E8 to start their journey, whether it is a child who wants to sing a nursery rhyme, a lover who wants to watch a movie, or an elder who wants to listen to a "talk about the ancient times", as long as they express their thoughts, Xiaoqi can always come to the side and serve as the most "home" company on the journey.

An excellent family car, of course, also needs to be responsible for the safety of the whole family. Taking into account the fatigue that may occur during long-distance driving, and the different driving levels of each family member, the E8 is equipped with a powerful "assistant master" ADiGO PILOT super-sensory intelligent driving system. Under 10 comprehensive L2-level intelligent driving aids, the urban congestion is not tired, the automatic braking is safe, and the 540 ° high definition panoramic image is transparent and visible under the car, so that the driver can clearly perceive the wheel position and the road conditions under the car, whether it is walking through the streets or crossing mountains, it can be easily driven.

A "three-headed and six-armed" housekeeper, a veteran travel guide, and a smart all-round assistant… For many families today, cars are no longer just "emotionless" means of transportation, but have been given more significance in the day and night.

In response to user enthusiasm, on the day of the launch of E8, GAC Trumpchi simultaneously announced the E8 full love preferred plan: 150,000 yuan, drive the car home! The quadruple gift broke the pain points of new energy car purchase and made China’s most "home" MPV within reach. Before December 9, through the GAC Trumpchi APP, GAC Trumpchi Mini Program, Trumpchi Smart Mini Program to order E8, you can also participate in the blind box activity, have the opportunity to win 10g BRICS.

With its outstanding performance and value-added price policy, Trumpchi New Energy E8 has redefined the most preferred household MPV with its strength. It is believed that in the Chinese household car market, it will set off a new round of enthusiasm.

　　(Sina Automobile, August 8) According to Bloomberg, Dongfeng Motor’s plan to sell a stake in PSA is feasible. On Wednesday, sources said Dongfeng Motor has been evaluating and negotiating with potential buyers in recent weeks to sell some or all of the PSA stake, including a direct sale of the stock or the issuance of PSA-backed exchangeable bonds.

　　In a statement to Reuters, PSA said it had "no comment on rumours", while a source close to PSA Peugeot Citroe ? n said the board had not received any notice of Dongfeng’s planned stake reduction. A Dongfeng representative said they had no information on the plan at this time.

　　According to people familiar with the matter, Dongfeng’s negotiations on the sale of the stake are still at an early stage and it is uncertain whether an agreement will be reached. However, the reduction of the stake will be negotiated with PSA Peugeot Citroe ? n to maintain a good cooperative relationship between the two sides.

　　However, from a purely financial point of view, Dongfeng Motor’s sale of Peugeot Citroe ? n’s stake is completely feasible. In 2014, under the mediation of the French government, Dongfeng bought a part of Peugeot Citroe ? n to help Peugeot Citroe ? n bail out. According to the agreement, the two sides will deepen strategic cooperation, realize the coordinated development of Shenlong Automobile and Dongfeng passenger car independent brand business, and establish a research and development center across the value chain in China to provide research and development services for Dongfeng, PSA and Shenlong Automobile.

　　After injecting 800 million euros, Dongfeng, the French government and the holding company of the Peugeot family became the joint largest shareholder of PSA. Dongfeng Motor’s investment has done quite well. According to Bloomberg’s valuation data of global automakers over the past five years, Peugeot Citroe ? n’s share price has performed third, after Geely Automobile and Fiat Chrysler. The 800 million euros ($897 million) that Dongfeng invested at the time are now worth about 2.20 billion euros, nearly tripling.

　　Most importantly, with the help of Dongfeng, Peugeot and Citroen were the first foreign brands to enter the Chinese market, and they also had a glorious history in China. At the beginning of the new century, the Chinese auto market developed rapidly, and the sales of Shenlong cars also grew. Sales reached 704,000 units in 2014, achieving a year-on-year increase of 28%. Sales peaked in 2015, achieving 704,800 vehicles.

　　However, due to the failure to adapt to market changes in time, the Shenlong model was outdated and lacked SVU models, which led to a stall in sales thereafter. From 2016 to 2018, the sales of Shenlong cars fell sharply for three consecutive years, falling to 253,400 vehicles, about 36% at the peak, and the market share was even larger. It lagged behind the German and Japanese joint ventures.

　　Sales of the Peugeot and Citroe ? n brands in China halved in the first half of this year compared with the same period last year, and are now less than a quarter of what they were in 2015. In the key SUV market, models such as the Citroe ? n C5 Aircross and the Peugeot 4008 are simply not competing in the market.

　　Unless there is a significant improvement in the second half of the year, Shenlong’s factory utilization rate of 600,000 vehicles a year will be just over 25%. At this level, PSA Peugeot Citroe ? n should struggle to achieve profitability. The industry generally believes that factories typically need to be utilised at more than 80% capacity to remain stable, highlighting the serious overcapacity problem facing Shenlong.

　　In 2018, Dongfeng’s joint venture with PSA Peugeot Citroe ? n saw a loss of $251 million. It’s not surprising that things have gotten worse this year.

　　Shenlong’s management also apparently sees no sign of an imminent pick-up in sales. The Peugeot and Citroe ? n dealership networks in China shrank by nearly 80 per cent from 2015 to 2018, to just 666, compared with 1,186 for the Renault-Nissan brand in Dongfeng’s other two joint ventures.

　　There is a more immediate reason for Dongfeng’s sell-off of PSA Peugeot Citroe ? n. The company’s cash has looked a little tight recently, mainly due to a sharp increase in working capital, two consecutive years of negative earnings before interest and tax, and net debt of 2.15 billion euros.

　　In fiscal 2018, Dongfeng Motor’s operating cash flow actually turned negative at around 1.25 billion euros, a relatively rare event for an automaker that has not suffered a financial crisis or corporate scandal.

　　Dongfeng Motor still has ample liquidity. As of the end of December last year, its ratio of short-term assets to short-term liabilities was 1.36, higher than the industry average. But the situation in China’s auto market is severe, and sales have been below the level of the same period last year for 12 consecutive months. Dongfeng Motor expects profits to plunge by 30% in the second half of the year, the largest drop in history, highlighting the sluggish state of the Chinese auto market. At the same time, Dongfeng is also under pressure to invest heavily in electrification.

　　Faced with these headwinds, Dongfeng Motor’s cash flow will be improved by the proceeds from the sale of its PSA stake.

　　On the other hand, Demian Flowers, an analyst at Commerz bank, said that given the challenges PSA faces in complying with tougher emissions regulations in Europe, "Dongfeng may also see risks in its investment." (Crystal Ulrich)

　　BMW’s "sports ace" kicked off the 2024 Chengdu Auto Show. The new BMW 3 Series family has been fully rejuvenated, the new BMW 4 Series four-door coupe has been launched, and the new BMW 530i and BMW X5 Black Flame limited edition Chengdu Auto Show have ushered in a shocking appearance. Innovation is not limited, and driving fun remains the same. BMW’s many "sports aces" have broken through themselves again with innovation, and at the same time added several high-value configurations to fully meet the personalized needs of Chinese consumers.

　　New BMW3 Series Family Renewal: Upgraded Configuration for China

　　Since its inception in 1975, the BMW 3 Series has undergone seven iterations, each of which has brought an exciting driving experience and won the trust of super 20 million owners around the world. Today, the new BMW 3 Series continues to surpass itself in innovation, with exclusive upgrades to luxury configurations for Chinese customer needs, fully meeting the needs of vehicles, and setting a new benchmark in the luxury sports mid-size sedan segment.

　　From the exterior to the interior, the new BMW 3 Series shows masterful design skills in every detail. The new ring-shaped radiant grille makes the front face of the vehicle instantly catch the eye. The addition of the speed blue and Brooklyn gray metallic paint shows the dynamic and elegant temperament under the change of light and shadow. The new welcome light blanket adds a sense of ceremony to every boarding. In the interior, the flat-bottomed M sports multi-function leather steering wheel, Sensatec synthetic leather dashboard and bright crystal texture components provide a luxurious and unique driving atmosphere.

　　No matter whether it is oil or electricity, it is very 3 Series. The BMW 3 Series family models always maintain the classic pure driving pleasure regardless of the power system. The new BMW 3 Series combines a golden power combination with many innovative technologies to deliver excellent handling and performance. The perfect weight of the front and rear axles at 50:50 ensures that the vehicle maintains excellent balance and stability in all road conditions; HRS hydraulic rebound damping technology makes every bump less stiff, while the double-ball spring shock-absorbing strut front axle is combined with a five-link independent rear suspension system for more precise steering and a comfortable driving experience.

　　The essence of driving is consistent. Inheriting BMW’s innovative spirit and sporting essence, the new pure electric i3 maintains the original "driver’s car" style of the 3 Series. The excitation synchronous motor equipped with the fifth-generation BMW eDrive electric drive technology allows the vehicle to show excellent acceleration performance in the full speed range; the only rear axle air suspension in the same class allows the driver to feel the perfect balance of stability and comfort during driving, while the DSC dynamic stability system ensures that every turn can be precisely controlled.

　　New BMW 4 Series CoupéChina listing

　　As the most popular body style of the BMW 4 Series family, the new BMW 4 Series four-door coupe combines the elegance of a hatchback model with the practicality of a four-door car, combining elegant style, sports coupe aesthetics and pure driving interest. It is a vivid embodiment of modern luxury and youthfulness.

　　The newly designed front LED headlight set of the new 4 Series coupe has received a double visual and functional upgrade, which can automatically adjust the light source according to the speed and navigation information, making night driving safer; the addition of the same M4CSL laser taillight creates a highly expressive and colorful color for the rear; the addition of two new paints in York Corner Green and Flame Red, as well as a variety of BMW personalized coatings; the diameter of the rear exhaust pipe has been increased to 100mm, and new 19-inch aluminum alloy wheels are provided, creating more possibilities for personalized configuration.

　　The standard configuration of the new BMW 4 Series four-door coupe has been fully upgraded, and the high-value configuration with great sincerity meets users’ expectations for appearance and driving pleasure. The standard sports seats of the whole series are made of advanced craftsmanship Sensatec synthetic leather, which perfectly combines beauty, texture and touch. Carbon fiber interior trim, light-colored fine lines with perforated materials and smoke-gray ash wood premium wood trim add a dynamic atmosphere to the car, while the bright crystal texture interior components further enhance the sense of luxury. The new M Performtex knitted/suede seats not only bring lightweight and high wear resistance, but also have a comfortable experience of warm winter and cool summer. As always, the high-end quality is always the same, and the environment is always friendly.

　　In the chassis adjustment, the new BMW 4 Series four-door coupe has spared no effort. The M sport suspension and variable sport steering system make every turn accurate and enhance driving confidence. Configurations such as the M sport differential lock and the M high-performance calipers significantly enhance the vehicle’s dynamic response, achieving the perfect combination of performance and comfort, and pure driving fun is ready to go.

　　Digital innovation, intelligent experience to the next level

　　BMW’s Inspiration Technology has always been people-oriented, dedicated to the perfect integration of innovative intelligence and personalized experience to enhance the comfort and convenience of every drive. The new BMW models equipped with the 24-07 software version have been fully digitally upgraded, and the new BMW 3 Series and 4 Series four-door coupes are equipped with the newly upgraded BMW iDrive system, taking the intelligent experience to a higher level.

　　The newly upgraded BMW iDrive system introduces a more user-friendly BMW Intelligent Personal Assistant, providing a more natural voice interaction, faster response speed and a more emotional interaction experience. Users can seamlessly operate functions such as volume, navigation and other functions with a whisper, and the delayed listening function makes human-machine interaction more convenient. In addition, the intelligent personal assistant can actively recommend functions according to user habits and scenarios, such as closing windows in rainy days, turning on the air conditioner, and reminding people to rest through floating windows in specific scenarios, further enhancing driving comfort and convenience.

　　New BMW 530i and X5 Black Flame Limited Edition

　　In BMW’s latest models, the new BMW 530i and BMW X5 Black Flame Limited Edition vividly demonstrate the perfect combination of brand driving pleasure and luxury design. As a standard wheelbase version, the new BMW 530i inherits the sports genes that the family is proud of. The newly added M Performance Edition Sports Package includes M three-color striped front seat belts, blue M sports calipers and other sporty configurations, and the visual impact skyrockets. It also offers 4 personalized customized car paints and more than 100 personalized customized special paints to express its individuality. Variable damping control included in the optional Professional Adaptive Suspension reduces the suspension by up to 4mm for higher dynamic stability at high speeds, while the integrated active steering system improves flexibility at low speeds and stability at high speeds. In line with the "ergonomics" and "driving in the loop" concept, the new BMW 530i offers the automatic ramp auxiliary feature with line-of-sight confirmation, using the assisted driving and turning on the navigation. In closed roads, when the onboard navigation route needs to be taken out of the highway/loop, simply turn your head to look at the right exterior mirror and the vehicle will automatically change lanes to the right lane.

　　Since the launch of the domestic new BMW X5, sales have continued to lead the market segment, fully proving the success of the BMW Group’s deep insight into the Chinese market and localization strategy. The X5 Black Flame Limited Edition was tailor-made for the Chinese market by BMW Group Designworks Shanghai Studio. The new car is designed with Titan gold elements as highlights, carefully decorated in the headlights, double kidney grille borders and other body details, highlighting the unique noble temperament; the exclusive Dark Flame Logo design injects more personalized elements into the vehicle; the new car adopts carbon fiber trim for the first time in the domestic model, and is equipped with personalized 22-inch pure black wheels and black M sports calipers for the first time, which perfectly combines luxury and performance. In addition, the new car also specially customized four car machine videos, which integrate the spring, summer, autumn and winter seasons with the "five elements" elements in traditional Chinese culture. The "fire" element, which symbolizes power, is cleverly presented in the form of "black flame", which symbolizes the majestic power contained in the vehicle’s powerful core, echoing the power symbol in Chinese culture.

　　The new BMW 3 Series, the new BMW 4 Series four-door coupe, the new BMW 530i, and the BMW X5 Black Flame Limited Edition not only inherit the brand’s "pure driving fun" gene, but also continue to innovate in technology and design, accurately satisfying users’ pursuit of personalized and high-quality driving experience. As the 2024 Chengdu International Auto Show approaches, BMW will continue to demonstrate its forward-looking innovation power on this eye-catching stage, further bringing consumers surprises and extraordinary experiences that exceed expectations.

　　Suggested retail price:

　　(Xinmin published this article for the purpose of transmitting automobile information, which does not represent the views of this website)

1905 movie network news Directed by He Nian, the romantic comedy film starring Guo Jingfei and Di Lizheba has a special role today. Di Lizheba plays Liu Maimai, who can switch freely in three modes: shopping maniac, upright girl, and cute foodie. During filming breaks, he shows his waist stunts without a word. The atmosphere of the set is quite happy. Facing the camera, Di Lizheba also explained his understanding of the role of Liu Maimai. The movie "21 Carats" will be released on April 20.

Di Lizheba becomes a "shopping maniac"　

Liu Mai acts cute when buying money

In the film, Liu Maimai, played by Di Lizheba, initially has the concept of "spending money is a kind of beauty" consumption concept – he is persistent and fanatical about diamonds, card swiping, shopping, and even holding a bag to fall asleep. "Worship for money" is the external characteristic of Liu Maimai, but this is only the side of Liu Maimai before meeting Wang Dui. In fact, she is a lovely and simple girl, especially when it comes to love. Shopping maniacs, upright girls, and cute foodies are all labels of Liu Maimai. After meeting Wang Dui, who saves money extremely, Liu Maimai’s life has undergone many changes. What kind of sparks will collide between them is a major topic and highlight of the movie. In the special issue, Di Lizheba also summed up several keywords for Liu Maimai from her own perspective: "very straightforward", "enjoy the moment", "silly", and "neurotic". The special issue also exposed Di Lizheba’s behind-the-scene behind the scenes of the shooting scene for the first time, singing, acting cute, and even saying no words during the shooting. Her interaction with Guo Jingfei on the set was also very happy.

Talking about money and love, should the province spend it?

Guo Jingfei and Di Li Reba’s first cooperation is full of topics　

"21 Carats" is the first collaboration between Guo Jingfei and Di Lizheba. The two use two distinct characters, "Wang Geche" and "Liu Maimai", to discuss and interpret the issue of "money and love" in the relationship between the sexes. Wang Geche, who is born to love to save money and never spends a penny more, met Liu Maimai, who went bankrupt and sold his house and bags, due to a theater accident. The two lived under the same roof by accident, and the difference in values also brought a fierce spark to their lives. The problems encountered by Wang Geche and Liu Maimai also represent the material and emotional torn that many young people in contemporary Chinese society encounter, which has triggered a lot of discussion and resonance.

　　

"21 Carats" is adapted from the play of the same name and directed by the play director He Nian himself. Guo Jingfei, who plays the role of Wang Jiwei in the play version, reappears in the movie to play the same role. The cooperation between the two original cast members has caused many fans of the play to express their expectations. The image of Di Lizheba’s ghost horse elf is quite compatible with Liu Jiayin, which also adds a lot of interest to the film.

The romantic comedy "21 Carats", directed by He Nian, starring Guo Jingfei and Di Lizheba, with special performances from Dapeng and Bao Bell, will be released nationwide on April 20.

　　Xinhuanet Lanzhou, November 10 (reporter, Wang Zhiheng, Guo Gang) On November 10, due to dissatisfaction with the large number of local illegal rental vehicles interfering with the passenger market, a collective strike of hundreds of taxis took place in Yongdeng County, Lanzhou City, Gansu Province.

　　The reporter rushed to the county seat of Yongdeng County, Gansu Province, and saw that the suspended taxis were neatly placed on both sides of the road at the gate of the Yongdeng County Transportation Bureau. It was rare to see taxis driving on the street, which caused great inconvenience to the residents of Yongdeng County.

　　Ma Jiangshan, a representative of the strike taxi driver, told reporters that the strike began at 9 a.m., and there were more than 280 taxis operating legally in the county, and more than 160 taxis participated in the strike that day.

　　Ma Jiangshan said that the main reason for the strike is the increasing number of "motorcycles" and taxis operating illegally in the local area, which has seriously affected the income of legal taxis. According to their understanding, there are currently more than 700 illegally operated "motorcycles" and taxis in the county seat. These illegal vehicles and legal taxis compete for customers and engage in malicious competition at low prices, resulting in a sharp drop in their income. At present, the daily operating income is only about 20 yuan, which can only support basic living.

　　Chen Yongshun, a representative of the strike drivers, said that since 2006, three taxi operating companies have been established in Yongdeng County. Some local farmers and laid-off workers have invested more than 30,000 yuan to buy vehicles and join the three companies to engage in local rental business. At first, they had a monthly income of thousands of yuan. Later, as more and more taxis were operating illegally, the income of legal taxis became less and less. Now the daily income is less than half of what it was at the beginning. They have reported the situation to the county traffic bureau and the public security bureau many times, but the problem cannot be solved. They have no choice but to take measures to stop the operation in order to protect their legitimate rights and interests.

　　Guo Shiling, director of the Yongdeng County Transportation Bureau, told reporters that the illegal taxi operators are mainly some private car owners in the county seat. In order to subsidize their own car expenses, they secretly engage in illegal passenger-carrying business, and the operating time and location change at any time. Even if they are caught by law enforcement officers of the transportation department, according to the relevant provisions of the "Regulations of the People’s Republic of China on the Administration of Road Transport", they can only be fined, but not revoked driving licenses and driver’s licenses, which will not play a deterrent role. As a result, there is a vicious circle of illegal taxis being "caught and fined, and fined and released" by the transportation department.

　　Guo Shiling said that although the traffic management department has difficulties in law enforcement, such as difficulty in obtaining evidence and limited penalties, the county transportation bureau has been stepping up its crackdown. On Nov. 5, just before the taxi strike, the county transportation bureau, together with the Yongdeng County Traffic Police Brigade and the Yongdeng County Administrative Law Enforcement Bureau, issued the "Implementation Plan for Regulating County Traffic Order" to carry out "100-day rectification actions" to crack down on illegal activities, including illegal taxi operations.

　　As of press time, taxis in Yongdeng had not resumed normal operations. Ma Jiangshan and other strike drivers said they would continue to strike until the county authorities could give them a clear time to crack down on illegal taxis.

　

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Editor in charge: Li Dan