Big reversal! Good shops sue "Zhao Yiming", the biggest merger or fraud in the snack industry?

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THECAPITAL



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"Even if snacks are busy and successfully listed, they are superficial. Whether an investment institution can return to its original capital is a problem, not to mention LP making money. "

This article is 4022 words, about 5.7 minutes.

Author | Gardenia Editor | We

Source | Rongzhong Finance

(ID:thecapital)

It thundered on the ground! "Snacks are Busy" and "Zhao Yiming" announced the merger of the head players in this mass snack industry. The news fever has not dissipated, and the lawsuit is coming!

On December 6th, according to media reports, "Liangpin Shop sued Zhao Yiming: Deliberately concealing major events of the company and damaging minority shareholders’ right to know". Judging from the specific information, Ningbo Guangyuan Juyi Investment Co., Ltd. (hereinafter referred to as "Guangyuan Juyi"), a wholly-owned subsidiary of Liangpin Shop, was invested by Yichun Zhao Yiming Food Technology Co., Ltd. (hereinafter referred to as "Zhao Yiming") during the cooperation period between the two parties.Deliberately concealing major events of the company, damaging minority shareholders’ right to know,On November 27, he formally filed a lawsuit with the people’s court. At present, the court has accepted the case.

Zhao Yiming Snacks was established in 2019, and in February, 2023, it was favored by good shops, which invested 45 million yuan through its subsidiary "Guangyuan Juyi". Enterprise investigation shows that at that time, it was financed by 150 million yuan led by Black Ant Capital and invested by good shops, with a valuation of about 1.5 billion yuan. After the completion of financing, it began to accelerate its expansion.

Only half a year later, on October 17th this year, Liangpin Store announced that Ningbo Guangyuan Juyi Investment Co., Ltd., a wholly-owned subsidiary, planned to transfer its 3% equity of Yichun Zhao Yiming Food Technology Co., Ltd. (hereinafter referred to as Zhao Yiming) for a total price of about 105 million yuan. The good shop chose clearance.

The huge market volume of discount snacks and every change in the industry may lead to the actual interests of thousands of investors and franchisees behind them. As early as before the merger of Busy Snacks and Zhao Yiming, there were investors arguing about Busy Snacks and the investment value of Zhao Yiming.

Undoubtedly, this complaint once again put Snacks Busy and Zhao Yiming on the front page of the industry public opinion and even the investment circle.

01
Sell oneself after 22 days.
Before and after Zhao Yiming and Liangpin Shop’s equity transfer.

In the media reports, Liangpin Store said that its investment was based on the original intention of achieving better development of its partners, but after the news of the merger was announced, it was deeply felt that it was maliciously deceived and its rights and interests were damaged.

Review the timeline.

On October 16th, Guangyuan Juyi transferred its 3% equity of Zhao Yiming Company to Shanghai Yihai Enterprise Management Consulting Partnership (hereinafter referred to as "Yihai Partnership") and Xiamen Heiyi No.3 Overseas Connection Venture Capital Partnership (hereinafter referred to as "Heiyi Partnership"). "Guangyuan Juyi" received all equity transfer funds on October 19, 2023.

In "Guangyuan Juyi"Only 22 days after the transfer of equity, that is, on November 10th, Zhao Yiming and Snacks were very busy to release a "merger" statement.According to the national enterprise information credit publicity system, both parties have completed the industrial and commercial change registration on the day of announcement.

From the perspective of the merged shareholding structure, Snacks Busy holds 87.76% of the shares in Zhao Yiming, while Zhao Ding, the founder of Zhao Yiming, holds 32% of the shares of Snacks Busy through Yichun Bird Nest Advertising Information Culture Communication Co., Ltd. and Yichun Bird Management Partnership (Limited Partnership), becoming the second largest shareholder of Snacks Busy.

It is worth noting that on September 28th this year, Wang Pingan, Zhao Ding and other "Zhao Yiming" executives completed the registration in Yuanzhou District, Yichun, one of the shareholding platforms for holding "snacks are very busy", and the executive partner of this enterprise appointed Zhao Ding as the representative.

"The Company Law clearly stipulates that Liangpin Store, as a shareholder of Zhao Yiming, has the right to know the important resolutions of Zhao Yiming, and enjoys the legal rights of knowing, making decisions, inspecting and preempting in such a major asset reorganization. If Zhao Yiming informs Liangpin Store of its busy merger plan with snacks, Liangpin Store will probably exercise its preemptive right.

As a listed company, the financial loss of Liangpin Store, especially the loss of industrial integration, is really great. "A person close to the good shop revealed.

According to "Guangyuan Juyi", it is impossible for two head enterprises in the discount snack industry, involving nearly 7,000 stores, with consolidated sales exceeding 7 billion in 2022 and current valuation of about 9 billion, to complete all the processes required for the merger in just 22 days, such as due diligence, negotiation, contract drafting, investor approval, etc., and judging from the clues such as the establishment time of the shareholding platform, the start and decision of the merger between the two parties took place in "Guangyuan Juyi" and "Zhao Yiming"."

Obviously, Zhao Ding deliberately concealed his real purpose from the good shop. Looking back now, Black Ant bought the shares of Zhao Yiming held by a good shop, and I don’t know if it is ready for the merger of snacks and Zhao Yiming. "The above person said.

02
Snacks are busy
The prospect of listing is shrouded in gloom

The format of discount snacks began to expand rapidly in 2020. According to Huachuang Securities, the total number of discount snacks stores has exceeded 10,000 in 2020, and a pattern of regional brands standing side by side has been formed, such as Hunan snacks are busy, Sichuan and Chongqing snacks are famous, and Jiangxi Zhao Yi is famous.

Among them,Snacks have been busy for only five years, and the number of stores has exceeded 2,000, leading the industry, and a number of investors have gathered behind them, including Sequoia China, Gaorong Capital, Qicheng Capital and Mingyue Capital.

In July this year, it was reported that snacks were busy and intended to be listed on the mainland A-share market in China or Hongkong, and the fund-raising could reach 100 million to 200 million dollars. If you choose to go public in Hong Kong, you will have an IPO as early as 2024.

Although the follow-up, snacks are very busy in response to the rumors of listing: there is no clear listing plan and location. However, judging from its multiple rounds of financing and the acquisition of Zhao Yiming, the ultimate goal is to expand the scale of listing.

"Snacks Busy" and "Zhao Yiming Snacks" announced the completion of the strategic merger on November 10th, with Yan Zhou, the founder of Snacks Busy, as the chairman of the new group. At this point, the two head players came together at the discount snack track, which attracted a lot of capital and media attention.

According to the public information of Tianyancha, Zhao Ding holds 32% of the shares in the merged entity of Busy Snacks/Zhao Yiming, which is the second largest shareholder in the company after Yan Zhou, and concurrently serves as the director of the company and the CEO of Zhao Yiming.

Coincidentally, on November 10th, China Securities Regulatory Commission just released the latest opinion draft explanation on the regulation of IPO guidance for A-shares, which clearly stated: "In order to promote the establishment of honesty, self-discipline and legal awareness of the actual controllers and directors of the company, and improve the quality of listed companies from the source", the reputation of the actual controllers, directors, supervisors and senior managers of the company to be listed will become the focus of IPO audit.

With the complaint filed by Liangpin Shop, there is no doubt that the honesty, contractual spirit and even legal consciousness of the second person of the new company have been publicly questioned.

It should be noted that Liangpin Store has made it clear that it has filed a lawsuit against Zhao Ding on the grounds of "deliberately concealing important matters of the company and damaging the right of minority shareholders to know".

"If the good shop wins the case, Zhao Ding and even the snacks after the merger are very busy and may face huge compensation, and the merger that has been negotiated may also be forced to cancel."

From the perspective of the listing prospect, the clear and stable equity, whether there are disputes and potential risks are the key points of the listing review of the CSRC. From the recent cases that Honey Snow Ice City and Laoxiang Chicken are difficult to list, it can be clearly seen that the red and yellow light policy of the CSRC has strict restrictions on the industry.

"Therefore, regardless of the outcome of the lawsuit, snacks are very busy. Under the multiple influences of the restrictions imposed by the CSRC and the reputation crisis of the company’s No.2 key person, the road to listing has been bumpy."The above-mentioned relevant person told reporters.

If snacks are too busy to be listed in Hong Kong stocks, they still need to be filed with the China Securities Regulatory Commission before filing, and the CSRC will still review domestic companies planning to list in Hong Kong. The Hong Kong Securities Regulatory Commission (CSRC) also has clear requirements on the clarity, stability and non-equity disputes of listed companies. At that time, both the litigation disputes with good products and the reputation of key people in the company will become the focus of the CSRC’s key review.

03
LP worry: hopeless exit

According to the reporter’s understanding, as early as before the merger of Busy Snacks and Zhao Yiming, there were investors arguing about Busy Snacks and the investment value of Zhao Yiming.

LP, an organization with knowledge of the situation, revealed to reporters:"As early as May this year, Zhao Yiming began to communicate with potential investors for a new round of financing. The company expanded aggressively this year, and the capital chain behind it has been in a tight state. Several head funds contributed by us have basically pass after all the adjustments. As soon as this complaint came out, even the expectation of withdrawal was gone, which is a common concern of investors. "

The source said, "Snacks are very busy and Zhao Yiming is planning to list on the Hong Kong stock market. However, investors know clearly that such a target land will basically have no liquidity after the listing of Hong Kong stocks. "

In the past two years, Hong Kong stocks have been an important choice for consumer goods companies to go public. Brands such as Pot Circle, October Paddy Field and Youbao Online have all been successfully listed on the Hong Kong Stock Exchange, and companies such as Chabaidao have already submitted their watches to the Hong Kong Stock Exchange. Some companies that have previously hit A-share IPOs, such as Yanzhiwu, Lancang Ancient Tea, Laopu Gold and Mengjinyuan, have also moved to Hong Kong stocks. However, the liquidity problem of Hong Kong stock market has always troubled investors.

A good reference is the pot circle that has just been listed in Hong Kong recently, with a daily turnover of less than HK$ 1 million; Two years ago, hellens and Naixue, which enjoyed unlimited scenery, now have a daily turnover of only a few million Hong Kong dollars, and their market value has dropped by more than 70% compared with their respective highs; Wei Long used to be valued at 70 billion, but now the market value of Hong Kong stocks is 17.7 billion, and the daily turnover is only several hundred thousand. In other words, shareholders, including investors and employees, can’t sell stocks at all.

"Snacks are busy and the share ratio of Zhao Yiming investors’ shareholders is already very high. After the merger, the share ratio of investors is close to 15%, and the accumulated investment cost is nearly 600-700 million. According to the liquidity of several million Hong Kong dollars a day, even if it is sold every day, investors will have to reduce their holdings for several years before they can return to their capital. If you add employees and founders to reduce their holdings, you don’t know when to sell them. Once investors and founders start to reduce their holdings, the market value of the company will inevitably fall sharply. "

"So, even if snacks are busy and successfully listed in Hong Kong stocks, such projects are superficial. Whether an investment institution can sell it back is a problem, not to mention LP making money. "The LP investor admitted to the reporter: "As an LP, in the current environment, we definitely look at liquidity and DPI. Projects that are both illiquid and difficult to quit are very dangerous and can’t be touched at all. If the funds we invest in only focus on book returns and reputation, it will be a trust injury to the whole industry. "

04
Under the storm
Can franchisee subsidies and employee commitments still be fulfilled?

When Snacks Busy merged with Zhao Yi Mingguanxuan, it was declared that "the two sides will learn from each other’s strong points and integrate deeply … to jointly empower franchisees and contribute to the healthy development of the industry …" Now, it seems somewhat ironic.

"In fact, before the busy merger with snacks, Zhao Yiming’s financial stability has always been an element of concern and concern for franchisees. Regardless of the rapid expansion of cost, how long can Zhao Yiming’s tactics of subsidizing burning money last? Everyone has a question mark. Although it is very busy to merge with snacks, it is now facing a lawsuit from a good shop. If it cannot be listed in the future and investors ask the company to buy back shares in cash, there may really be a capital chain crisis, which will lead to a sudden interruption of the subsidy for burning money. "

According to Zhao Yiming’s internal staff, "Snacks are very busy and both Zhao Yiming have made employee incentives through the employee stock ownership platform, allocating equity to employees and emphasizing the cash value brought by equity after listing." Nowadays, with the background of a series of events exposed by the lawsuit of defending the rights of good shops, after the hope of listing is slim, the equity incentives that employees strive for may be dashed.

The core of enterprise management is "people", and enterprise management often takes equity incentive as the weight to retain talents. When employees regard enterprise development as their goal, who should pay for those promises that are overhead? If the capital chain is broken, how can the subsidy policy promised to franchisees be guaranteed? And how to realize the small and medium-sized brands acquired with equity value?

In the past two years, snacks started in Changsha, Hunan Province were very busy, and snacks from Zhao Yiming, which came out of Yichun, Jiangxi Province, attacked the city all the way, opening more than 4,000 stores and more than 2,500 stores respectively. With the arrival of the merger, the number of the two stores added up to nearly 7,000. This involves most employees, suppliers and franchisees. If Zhao Yiming really cheats for his own interests, how can he be honest with franchisees?

Actually, Snacks Busy and Zhao Yiming, as two large-scale enterprises in the hot industry, have made outstanding contributions in the development of the industry. Perhaps their initial intention is just a commercial contest, but they may lack some understanding of laws and regulations. As a listed company, Liangpin Store is indeed its due obligation to safeguard the rights and interests of its own shareholders and shareholders.

In today’s market environment, we all hope that more enterprises and investors will have a positive voice, sit tight and create a more honest and fair market environment, so that the industry can continue to develop in a healthier direction. Regarding this lawsuit, we will also continue to pay attention to the follow-up development.

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60-year-old man makes swimsuit model with white hair and looks beautiful (photos)

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Yazemeenah Rossi, a 60-year-old French model, made a publicity advertisement for Dreslyn and Land of Women to jointly produce a set of swimsuits. (Webpage screenshot)

  

  International online feature: Yazemeenah Rossi, a 60-year-old French model, recently shot a publicity advertisement for online clothing store Dreslyn and women’s underwear manufacturer Land of Women to jointly produce a set of swimsuits. In the photo, Jasmina wears a white bathing suit and has a beautiful posture. Although full of white hair, but still elegant demeanor as people.   

  The shooting of this group of photos aims to distinguish Yasmina from the "super sexy image" in previous swimsuit advertisements by highlighting her lines and long white hair.   

  Brooke Taylor Corcia, the founder of Dreslyn, said that the simple white outline of this set of swimsuits is to make people pay more attention to women’s personality. She added that Jasmina is confident and exudes health and vitality.   

  Jasmina currently lives in Malibu, California. Besides being a model, she is also a visual artist, actress and photographer.

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Jasmina said that she would always insist on modeling. (Webpage screenshot)

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Brook Taylor Corcia, founder of Dreslyn, said that Jasmina was confident and exuded health and vitality. (Webpage screenshot)

  Picture default title

Brook Taylor Corcia, founder of Dreslyn, said that Jasmina was confident and exuded health and vitality. (Webpage screenshot)

  Picture default title

The shooting of this group of photos aims to highlight Jasmina’s lines and long white hair. (Webpage screenshot)

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Brooke said that the simple white outline of this set of swimsuits is to make people pay more attention to women’s personality. (Webpage screenshot)

BYD’s "blood"! The interior is more luxurious

When our career is stable and our income is gradually "well-off", our originally poor life has also changed a lot, and the car we once yearned for is no longer out of reach. What I brought to my riders today is. Let’s take a good look at it.

Let’s look at the appearance of Yuan UP first. The front face of Yuan UP has taken a fierce route as a whole, which looks more concise. The headlights are domineering and look quite elegant. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Coming to the side of the car, the body size of the car is 4310MM*1830MM*1675MM. The car adopts cold lines, and the side circumference looks very deep. With large-sized thick-walled tires, the overall visual effect is very unique. In the rear part, the overall shape of the Yuan UP rear echoes the front of the car, and the taillights give people a very elegant feeling, which is relatively capable overall.

In terms of interiors, the front face of Yuan UP looks very round and full of fighting atmosphere. The steering wheel of the car is very simple in shape, equipped with functions such as manual steering wheel up and down+front and rear adjustment, and the visual effect is good. Let’s take a look at the central control, decorated with a 12.8-inch central control screen, which makes the interior design quite layered and looks domineering. Let’s take a look at the dashboard and seats again. The dashboard design is remarkable and the design is deep and elegant. The car uses leather seats, which are wrapped in place and are very comfortable to ride.

Yuan UP is equipped with a motor with a total power of 130KW and a total torque of 290N.m It has good acceleration, excellent cruising range and good power performance.

The car is equipped with driving mode selection, remote control key, Bluetooth key, NFC/RFID key, rear wiper, interior ambient light, traction control (ASR/TCS, etc.) and other configurations. The configuration performance is quite good, bringing drivers and passengers a comfortable car experience.

OK! Next, let’s sum up. This class of cars can often give consideration to both cost performance and practicality, and is often considered by most consumers as the first choice when buying a car.

Brief introduction of Pentium group

  Shanghai Pentium Group Co., Ltd., namely Shanghai Pentium Enterprise (Group) Co., Ltd., is a comprehensive high-tech enterprise integrating R&D, manufacturing and sales of household appliances. Products include a series of small kitchen appliances mainly based on induction cookers, rice cookers and water dispensers, and a series of personal care products mainly based on razors and hair dryers. With strategic vision and unremitting efforts, after more than ten years of steady development, Pentium has now developed into a first-class professional brand operator of small household appliances in China. POVOS Pentium has successively won the honorary titles of "Shanghai Famous Trademark", "Shanghai Famous Brand", "China Well-known Trademark", "National Inspection Exemption for Product Quality" and "2008 National Customer Satisfaction Enterprise". Pentium induction cooker, Pentium rice cooker, Pentium electric pressure cooker and Pentium water dispenser were recognized by China Industry Enterprise Information Publishing Center as the top three in the country in 2009, and Pentium shaver ranked fourth in the country in 2009.

Brief introduction of Pentium company

Enterprise strength

Focus on independent research and development

  Paying attention to the improvement of independent products, Pentium has established three of the most advanced research and development centers for small household appliances in the world, and set up a "special award fund for scientific and technological innovation" to commend outstanding scientific and technological research and development projects. At present, there are more than 170 international and domestic invention patents, utility model patents and appearance patents. Pioneering the technology of 4D floating structure of shaver, filling the gap in the industry and being at the leading level in the world.

National distribution of marketing network

  Pentium adheres to the three-arrow market development strategy of "brand building through terminal channels, sales through circulation channels and market grabbing through emerging channels", and has an excellent marketing team, innovative marketing ideas and a nationwide marketing network.

Offline marketing network

  Offline market products have covered nearly 30 provinces, cities and autonomous regions in China. At present, nine direct and joint-venture sales companies, including Shanghai Pentium, Beijing Pentium, Guangzhou Pentium, Henan Pentium, Liaoning Pentium, Yunnan Pentium, Fujian Pentium, Wenzhou Pentium and Jiaxing Pentium, have been established, and 33 commercial offices in six major marketing regions have been established, with more than 200 first-class agents, more than 5,500 retail terminals and more than 3,000 after-sales service outlets. At the same time, it has reached a strategic alliance and cooperation relationship with well-known home appliance chain enterprises and commercial supermarket systems at home and abroad. These include RT Mart, Wal-Mart, Carrefour, Metro, Gome, Suning Appliance, Lotus at the beginning of the month, Century Lianhua and so on. Excellent channel resources and terminal networks all over the country provide a strong market foundation for the expansion of Pentium.

Introduction of Pentium Company 1

Online marketing network (e-commerce)

  From the second half of 2011, the online market launched e-commerce, completed the whole network layout, successively established a big Taobao system, deeply cultivated B2C platforms such as JD.COM, Yixun, Amazon, No.1 Store and Suning.cn, integrated mobile e-commerce such as Juhua, Vipshop, Meituan and Jumei, vigorously expanded O2O pan-e-commerce systems such as 2688 and Bank, operated through multiple channels, and established strategic cooperation relations with mainstream platforms of the whole network. In 2012, Pentium took e-commerce as its enterprise transformation and upgrading strategy, and relied on innovative marketing concepts to build a flexible supply chain oriented to market demand. The online market was linked with the whole network, and refined operation was promoted, with an annual growth rate of 500%. It won the Tmall Most Growing Brand Award and became the fastest growing brand in the personal care industry. In the same year, the strategic layout of POVOS international brand was completed by laying out POVOS overseas, building multinational e-commerce, and inciting the global market with low-cost and low-risk e-commerce trading. At present, the products have been exported to more than 40 countries overseas.

Gift marketing network

  In view of the characteristics of personal care products suitable for group purchase gift channels, Pentium has made great efforts to develop and attach importance to group purchase gift channels, gradually planned and explored a new way for group purchase gift, implemented professional group purchase expansion, customized product mix and suit customization according to customers’ specialized needs, and created new sales growth points flexibly and orderly, becoming strategic partners of well-known domestic enterprises such as China Mobile Communications, China Unicom, China Telecom, China Merchants Bank, China Ping An, Shanghai Pudong Development Bank and Spring Airlines.

Television shopping marketing network

  Emerging channel TV shopping, from the only three shopping platforms, namely Happy Shopping, Yangguang Shopping and Oriental Shopping, has developed into cooperation with nearly 40 stations across the country, and it is broadcasted 24 hours a day, covering the national TV audience.

Overseas marketing network

  Realizing the synchronous growth of domestic and foreign sales is Pentium’s strategic development goal. Since its establishment three years ago, overseas offline markets have spread all over the world on seven continents, with 94 customers, and have become strategic partners with many well-known international brands and retailers, such as CONAIR,SEB,METRO,carrefour, tesco and auchan. Sales performance has doubled year by year, and in 2012 and 2013, it was recognized as "AAA credit rating enterprise" by China Chamber of Commerce for Import and Export of Mechanical and Electrical Appliances for two consecutive years. It was awarded as "2012 Shanghai Export Famous Brand" by Shanghai Commercial Committee.

Introduction of Pentium Company II

Strong production base

  Pentium has the first most advanced personal care electrical appliance industrial park in China, with complete self-production supporting capacity and the introduction of world-class leading fully automatic production equipment. Among them, the Japanese fully automatic Fanuc injection molding machine, ABB and An Chuan robot hand spraying equipment, man-machine separated central feeding system, high-precision stamping system and ultra-precision cutter head grinding equipment have all reached the international leading level.

  Adhering to the concept of improving the quality of life through technological innovation, Pentium Group put forward the corporate slogan of "Let technology know you better", so as to make product technology closer to consumers, better serve consumers and better understand their needs. In terms of product research and development, Pentium Group has established a three-level R&D system. Enterprise research institute, technology center and quality research center, as well as production technology department constitute a complete enterprise R&D system of Pentium Group from cutting-edge research in the industry to research on brand-new applied technology and product development, and then to research on manufacturing technology.

  In order to improve the management level and build an all-round competitive advantage, Pentium Group has built an enterprise information management platform in an all-round way, and successfully implemented ERP enterprise resource management system, PDM product research and development management system, CRM customer relationship management system, PCP collaborative office platform system and HR human resource management system. Informatization construction has made the management methods and means of enterprises achieve a qualitative leap, and promoted the scientific and modern decision-making of enterprises.

  In the future, Pentium will rely on innovative product design and advanced marketing concepts to realize the common value-added with the upstream and downstream value chains, and at the same time, the management team and enterprise employees can reflect their self-value and have expected reasonable returns. Pentium will rely on the three core capabilities of brand, team and product to continuously promote the rapid growth of enterprises and brands, create fashionable and healthy small household appliances for consumers around the world, and run towards a better life together.

Audi’s "blood"! Audi (Import) Another Hard Goods

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!

An exclusive interview with Wu Ershan, the director of "Feng Shen I", was adapted to make "Feng Shen" more in line with modern people’s emotions and values

Time Network News is directed by Wu Ershan, and the mythical epic film "Feng Shen I" starring ChristianRandPhillips, Li Xuejian, Bo Huang, Yu Shi, Chen Muchi and Na Ran is being released. A few days ago, the film’s director Wu Ershan accepted an exclusive interview with Time.com to share the behind-the-scenes story of the film.

The first part of "Feng Shen" opened the prelude of "Feng Shen Trilogy", which tells the story that Wang Yinshou, a merchant, colluded with da ji, a fox demon, and was tyrannical and heartless, causing a scourge. Jiang Ziya, the immortal of Kunlun Mountain, went down the mountain with the "list of gods" to find a common master in the world to save the whole people. Ji Fa, the son of Xibohou, gradually discovered the true colors of Yin Shou, and turned out to sing songs. The forces of all parties are surging, and the signs of changes are beginning to appear …

The story of "the list of gods" is a household name, and it is also a big IP that many domestic film and television works love very much. Wu Ershan, the director, said, "The core of the story hasn’t changed much, such as the tyranny of the Shang king, the gall of the Wen king, the digging of the heart by Bigan, and the admonition of the Queen Jiang. However, we have to do a new look at the original story from a contemporary perspective and contemporary values, and we have to reorganize his story line and the logic of the story. "

"For example, there is a very important plot in the original, which may be unknown to everyone, and that is why da ji went into the Shang Dynasty to destroy it. Because Yin Shou wrote a poem and molested Nu Wa. Many people don’t know why. What’s wrong? Is it that big? From the perspective of contemporary people, this is nothing, and it is a little bold. According to the current audience in China, this is actually a trivial matter, and it is not enough to overthrow a dynasty. Including da ji, she has been instilling many evil ideas into Yin Shou, and the setting that women are femme fatale. This is unacceptable to the contemporary audience, especially to me. It is very demeaning to women and a concept that is disrespectful to women. These things need to be adjusted and redesigned to make it more in line with our modern people’s feelings and values. "

"For example, I like the Ji Chang family in the original story very much. I like Ji Chang very much, a father who bears the burden of humiliation. But I don’t think the description of him in the original is convincing enough-why did he endure the pain to eat his son’s meat? In the original, he cheated Yin Shou, then escaped and returned to his hometown to survive. But I think this father is too cunning. We reset the logic of his doing this thing in order to protect his second son, because he has already lost a son, and he wants to protect the surviving son. He can only accept such humiliation and do what he doesn’t want to do, and then the son is determined to rescue him. He is not a sly father. "

It has been several years since the start of the project and the release of the first part of the project, so that many viewers have been worried about the fate of this project. However, Wu Ershan said that the progress of the trilogy of deities was basically within his plan. "Three continuous shooting, fairy epic, our original plan is to complete it in 8 to 10 years, because we predict that this work is very difficult. There was no epidemic at that time. We planned for 8 to 10 years at that time, and this year is the tenth year, so I think it is basically objective. "

"The longest film I shot before was" Searching for Dragons ",which took five months. But it took 18 months to make the trilogy of gods. At the peak of our crew, there were 2,800 crew members working at the scene in one day. In a year and a half, more than 8,000 staff members participated in the pre-filming of the film. "

The first part of "Feng Shen" was released smoothly, and many viewers began to care when they could see the second and third parts. Wu Ershan said that if all goes well, the latter two films will be released in the summer of 2024 and the summer of 2025. The structure of the film trilogy is basically the same as that in the mythical story of "deifying": The second part will tell the story of Ji Fa defending his homeland in Xiqi, and Xiqi, under the protection of Jiang Ziya and other Kunlun immortals, fought against the army of Yin and Shang, and defeated the Ten Commandments. The third part tells that Ji Fa ordered 800 vassals to join the Mengjin League, and began to attack. Immortals, such as Yuanshi Tianzun and Tongtian Patriarch, all participated in the final decisive battle, and finally Ji Fa defeated Yin Shou and established the Zhou Dynasty.

A week’s intelligence stew | Xiaomi SU7 appeared in the market of M9.

  [Aika Auto Weekly Intelligence Braised Original]

  2023 is coming to an end. There are not many new cars released or listed by major car companies this week, but there are still many key news worth reviewing this week. Xiaomi SU7 made its debut, Lei Jun "grinds a sword for a thousand days", Extreme Fox Alpha T5 was officially listed, Extreme Krypton 007 was officially listed, with a price of 20.99-29.99 million yuan, AITO Wenjie M9 was officially listed, and Chery Fengyun T9 was officially launched. Next, let’s take a look at the details.

wind and cloud

  Xiaomi SU7 debuted in Lei Jun’s "A Thousand Days of Grinding a Sword"

  On December 28th, Xiaomi Automobile held a technical conference, and Xiaomi SU7 appeared. The new car is positioned as a medium and large pure electric car. The official said that the new car will have very good sports properties, and will be equipped with single/double motors and a variety of battery life options, with a maximum battery life of 800 kilometers. The conference also released five technologies, namely, Xiaomi super motor, Xiaomi self-developed CTB battery technology, super large die casting, autonomous driving technology and intelligent cockpit.

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  Lei Jun said that with the release of Xiaomi Auto SU7, "the whole ecology of people and cars" finally closed, and ushered in a "leap" moment. That is to say, fully open up the scenes of "people, cars" and "home", realize seamless connection of hardware and equipment, cooperate in real time, drive industrial chain partners, and create a super intelligent ecology with people as the center and active service to people. Xiaomi 澎湃 OS has opened up more than 200 categories including Xiaomi Auto by virtue of Xiaomi HyperConnect cross-end interconnection framework, efficiently connecting over 600 million devices around the world, covering more than 95% of users’ life scenes, so that intelligence can serve everyone in detail. At the same time, because of the empowerment of AI, people’s operating habits will make "the whole ecology of people, cars and homes" smarter. As an intelligent center, Xiaomi HyperMind can perceive and learn people’s daily habits and provide active intelligent services.

  Extreme Fox Alpha T5 is officially listed at a price of 155,800 yuan.

  On December 27th, the Extreme Fox Alpha T5 was officially launched, and four models were launched, with a price of 155,800-199,800 yuan. The new car is positioned as a pure electric medium-sized SUV. As the latest product of the brand, the new car will integrate the function of 800V fast charging. The official said that it can recharge 260km after charging for 10 minutes, and two endurance versions of 520km/660km will be launched.

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  The Extreme Fox Alfa T5 is a model with very strong comprehensive strength. At the same time, it has outstanding face value, and its configuration, sense of technology and power endurance are also in the mainstream level in its class. What’s more, this car also has the blessing of 800V fast charging. And its launch will also help the extremely fox car to get closer to the sales volume.

  Extreme krypton 007 is officially listed at a price of 209,900-299,900 yuan.

  On December 27th, Extreme Krypton 007 was officially launched, and five new models were launched with a price of 209,900-299,900 yuan. As the first pure electric luxury car, the new car will be the first to be equipped with a self-developed BRICS battery, with an 800V architecture, a maximum battery life of 870km and a 0-100km/h acceleration time of 2.84 seconds. The new car will be delivered on January 1, 2024, and the national high-speed NZP will be realized after delivery. The commuting mode will be open for public beta in June 2024.

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  As the first car of Krypton brand, Krypton 007 is an important car with the latest technology. Whether it is design, intelligent driving, intelligent cockpit, power and battery, industry-leading technology is adopted. With the amazing price announced tonight, it is bound to bring eye-catching sales figures.

  All-ecological Lei Jun announces Xiaomi 澎湃 OS logo

  Xiaomi Auto Conference is coming. As the founder and CEO of Xiaomi, Lei Jun has shared the latest news about Xiaomi Auto and the conference many times. Recently, he once again revealed two important messages: Xiaomi 澎湃 OS launched a new logo, and with the upcoming release of Xiaomi Automobile, "the whole ecology of people, cars and homes" will be officially closed.

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  With Xiaomi HyperConnect cross-end interconnection framework, Xiaomi 澎湃 OS has opened more than 200 categories including Xiaomi Auto, covering more than 95% of users’ life scenes. At the same time, the empowerment of AI makes people’s operating habits make "the whole ecology of people and cars" smarter. As an intelligent center, Xiaomi HyperMind can perceive and learn people’s daily habits and provide active intelligent services.

  46.98-56.98 million yuan AITO asked M9 to be officially listed.

  On December 26th, 2023, the newest member of Huawei’s car selection family, AITO, was officially released. This flagship large SUV offers two power options: extended range version and pure electric version. The extended range version of CLTC has a pure electric cruising range of 225km, while the pure electric version has a cruising range of 630km. At the same time, there are two configurations of Max and Ultra for consumers to choose from. Its price range is 469.8-569.8 million yuan.

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  As the "best SUV in 10 million" in Yu Chengdong’s mouth, the appearance of the M9 in the world really refreshed the ceiling of the current SUV of the same size. Although many functions look more like showing off their skills, its appearance once again gives us a taste of Huawei’s powerful innovation ability, and I believe it will be favored by many consumers after listing.

  Chery Fengyun T9 officially went offline, and its comprehensive battery life exceeded 1400km.

  On December 28th, Chery Fengyun T9 completed the first car off the assembly line at Chery Qingdao Super Smart Factory. The new car belongs to the brand-new energy sequence "Fengyun" of Chery brand, and 11 new models will be launched in the next two years. Based on Chery Kunpeng Super CDM, the new car is positioned as a medium-sized SUV, which will adopt a plug-in hybrid system with a pure electric cruising range of 165km. It is reported that Fengyun product sequence will adopt brand-new product LOGO, and by the end of 2024, Fengyun product sequence will launch six models.

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  The birth of Fengyun series indicates that Chery will further increase the vehicle series of new energy products, including a large number of plug-in hybrid models. It is believed that more models will be added to Chery Fengyun series next year, bringing more new choices to consumers.

Wonderful content review:

Xiaomi automobile SU7 power parameter exposure battery life is 800km.

Xiaomi SU7 is exposed without camouflage or released on December 28th.

Chuan Xiaomi SU7 will release an official response on December 28th.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  On the eve of the 2024 Chengdu Auto Show, the report team in front of Sina Auto took pictures of some new cars on the booth. According to the previous news, Jetway’s Shanhai T1, Shanhai T2 four-wheel drive version, Shanhai L7 and other models will be unveiled at this year’s Chengdu Auto Show, and Shanhai L7 will announce the pre-sale price.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  Shanhai L7 new car is positioned as a medium-sized SUV, with a highly scientific and technological appearance and square style. The penetrating LED daytime running lights are placed on the front hatch cover, and the integrated far and near main lights below are arranged on both sides, decorated with blackened decorative pieces, and the bottom adopts a large-size trapezoidal radiator.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  The X70 shape is basically extended directly to the side, with a sharp waistline, and the window glass is small in size, and the window edge line rises behind the C-pillar, which is very powerful. The length, width and height of the new car are 4749x1900x1720 mm and the wheelbase is 2745 mm.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  The shape of the tail is sporty, the top is equipped with a spoiler, the lower enclosure is decorated with silver, and the hidden exhaust layout is adopted. The most eye-catching design is the through taillight, and the short vertical light guide bar is used inside, which is three-dimensional and profound, and the effect is very eye-catching after lighting.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  The cockpit has a regular T-shaped layout, and the center console has a suspended design, equipped with three large screens, including full LCD instrument, central control panel and air conditioning display screen. D-shaped three-spoke multi-function steering wheel, rectangular air conditioning air outlet, a touch screen and two knobs are also provided below to control air conditioning and air volume, providing wireless charging of dual mobile phones, and the electronic gear lever is located behind the steering wheel.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  In terms of power, Jietu Shanhai L7 is equipped with Kunpeng super hybrid C-DM system, which consists of a 1.5T four-cylinder turbocharged engine and dual motors, matched with a 2-speed DHT gearbox. The maximum power of the engine is 115kW, the total power of the motor is 199KW, the total torque is 395Nm, and the maximum speed is 180km/h..

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  Shanhai T1 compact plug-in hybrid SUV adopts the latest design language of the family, and the visual effect is also hard-core. The front face is also designed with a matrix grille, and a double-layer light source layout is added above it, with petal headlights on both sides, and equipped with a digital light and shadow grille. After lighting, it has a good sense of science and technology. The lower enclosure has been blackened, and different design adjustments have been made in the details.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  The shape design of the square box is maintained on the side of the car body, and the straight waistline runs from the front of the car to the rear of the car. The design with large-size wheels is very domineering. The roof rack, window area, lower skirt guard, wheel eyebrows and other places are blackened, which forms a contrast color with the car body color matching and has obvious stylization.

  In terms of body size, the length, width and height of the new car are 4706x1967x1845mm and the wheelbase is 2810 mm. Approach angle is 36.6, departure angle is 25, maximum climbing degree is 35, passing angle is 22.5, and ground clearance is 235 mm.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  The tail has a square shape, and the interior of the split taillights on both sides has been blackened. A decorative plate with the same color of the car body has been added in the center, which enhances a certain sense of fashion and the lower surrounding shape is rough.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  The interior still maintains the design style of science and technology, and the center console is composed of 10.25-inch embedded full LCD instrument and 15.6-inch suspended central control panel. The new car adopts an irregular multi-function steering wheel, and a row of physical buttons are reserved under the central control screen to facilitate driving operation. The car has built-in latest system, and supports OTA upgrade, car networking, online navigation and other functions.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  In terms of power, Jietu Shanhai T1 adopts Chery Kunpeng super hybrid C-DM technology and is equipped with Chery 1.5TGDI hybrid engine, which can output a maximum power of 115kW and a maximum speed of 180 km/h. The high-profile models will be equipped with a four-wheel drive system.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  Shanhai T2 electric four-wheel drive version can be regarded as a plug-in version of Jetway Traveler. This car has already launched a two-wheel drive version before, and we shot a four-wheel drive version. On the whole, the appearance of the new car basically completely continues the shape of the two-wheel drive version and maintains the well-received Founder hard-core design style.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  The body size of the new car is the same as that of Shanhai T2 two-wheel drive version, with the length, width and height of 4785mm*2006mm*1875mm and the wheelbase of 2800mm respectively.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  The change in power is the most remarkable. It is equipped with a hybrid system consisting of a 1.5T engine and a motor, in which the maximum power of the engine is 115kW, and the matching capacity is 43.244kWh The newly added P4 motor brings independent driving capability to the rear axle, and at the same time it bursts with the maximum power of 455kW and the peak torque of 920 N m..

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  It is worth mentioning that Jietu Shanhai T2 four-wheel drive version is also equipped with tank steering function and CCO intelligent off-road crawling mode, and retains Jietu traveler’s XWD intelligent four-wheel drive and intelligent switching 7+X driving mode.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  Shanhai L6 is a compact SUV, which has been listed before, and three versions have been launched. The official guide price range is 123,900-144,900 yuan.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  Shanhai L6 adopts the aesthetic design of national style in appearance, with large front volume, closed front face with irregular headlights and exaggerated integrated front enclosure, which shows a strong sports science and technology atmosphere as a whole.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  The side of Shanhai L6 adopts the popular coupe SUV design, and the shoulder line also enhances the sense of strength on the side of the car. In terms of body size, the length, width and height of the new car are 4630x1910x1684(1690)mm and the wheelbase is 2720mm respectively. It also provides six car colors: Moonlight White, Vanilla Blue, Star Fog Silver, Star Black, Phantom Grey and Bibo Blue.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  The shape of the rear part is concise, the lines are regular, which stretches the horizontal vision, and the wide black rear surround is equipped with the popular through LED taillights. The bottom of the rear of the car is surrounded by black and the design of the diffuser enhances a certain sense of movement.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  As for the interior, Shanhai L6 adopts a family-style T-shaped layout, equipped with a 9.2-inch embedded LCD instrument panel and a 15.6-inch central control panel, and equipped with 8155 Qualcomm Snapdragon chip, which supports the mainstream car functions. In terms of intelligent driving, the new car is equipped with 11 assisted driving functions and 540 panoramic images.

2024 Chengdu Auto Show: Some new cars of Jietu were unveiled.

  In terms of power, Shanhai L6 is equipped with Chery’s fifth-generation Kunpeng super hybrid C-DM system, which consists of 1.5T engine+stepless electric hybrid DHT gearbox+motor. The maximum power and torque of the engine are 115kW and 220N·m, and the maximum power and torque of a single motor can be 150kW and 310N·m respectively.

  In the battery part, the new car is equipped with a 19.43-degree ternary lithium battery pack. The CLTC has a pure electric cruising range of 125km and a comprehensive cruising range of over 1400km.

Huawei’s HarmonyOS OS 4.2 upgrade plan was announced, with more than 180 devices, which were upgraded from April to June.

I didn’t wait for Huawei P70 series, but waited for HarmonyOS OS 4.2 upgrade plan, which is good news for Pollen!

Recently, Huawei officially announced the HarmonyOS OS4.2 100-machine upgrade plan. This time, a total of over 180 devices can participate in the upgrade. Apart from mobile phones, tablets, smart screens, headphones and smart watches are also included. It is expected that the upgrade will be carried out in April-June. Do you have your mobile phone?

At present, Huawei Mate60 series, Huawei P60 series, Huawei Mate50 series and Huawei Pocket 2 series have all started to participate in the public beta of HarmonyOS OS4.2, and Huawei nova 12 series is expected to open the public beta in late April. The remaining models, including Huawei P50 series, Huawei P50 Pocket, Huawei P40 series, Huawei Mate40 series, etc., may be pushed back, and the public beta will be started one after another from April to June. The specific models are shown in the following table:

It is worth noting that this time, many models of Glory can also participate in the upgrade plan of HarmonyOS OS 4.2, including Glory V30 series and Glory Play4 Pro.

What are the new features of HarmonyOS OS 4.2, except that the overall performance of the system has been greatly improved and the fluency is higher? In particular, the satellite communication function of Huawei Mate60 series has also been specially adjusted, and its satellite connection speed is faster and more stable. At the same time, Huawei has strengthened the security of the system and built a perfect end-to-cloud collaborative system, which is used to monitor some potentially malicious software more comprehensively, and also has stronger identification ability for some high-risk applications and viruses, thus bringing users a cleaner, more stable and safer system environment.

The question is, should HarmonyOS OS 4.2 be upgraded? On this issue, you can look at it together with the fact that the new iOS system value is not worth upgrading! Apple’s iOS system can be said to be a "recidivist". The reason why iPhone users are worried that they will regret after upgrading is because Apple has used the iOS system to upgrade and pulled out the "nail house" model, but Huawei’s HarmonyOS OS system is different.

Every upgrade can not only improve the overall performance of the system, but also take care of many users of "nail house" models. Even the independent Glory model is within the scope of upgrading models. From this point of view, HarmonyOS OS 4.2 system is worth upgrading, and can be upgraded actively! Boldly trying and experiencing HarmonyOS OS system is also a kind of support for domestic operating system, don’t you think?

How to pronounce the Porsche Taycan?

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.

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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.