Happy event today + 1!

Mingdao got a girl on the social platform today, posting photos of himself hugging the little princess and holding hands.

The 43-year-old founder of Ba Zong is now happy to have both his children and his happiness!

In the midst of congratulations, some netizens also raised doubts.

Probably there are really many people who don’t know that Ming Dao has long been married and had children, and has been promoted to become a father, right?

In early June 2020, Wan Wan paparazzi photographed Ming Dao taking his parents and family out for a hike up the mountain, and in the pavilion halfway up the mountain, he saw Ming Dao holding a baby in his arms.

Ming Dao leaned down and kissed the little baby continuously from left to right, acting as if it was an endless love.

Sitting next to Ming Dao and laughing non-stop was Wang Tingxuan, Ming Dao’s rumored girlfriend for many years.

Ming Dao kissed and hugged the child, and then Wang Tingxuan took the child, wearing a shiny ring on her ring finger.

The answer is self-evident. Ming Dao and Wang Tingxuan have been rumored to have an affair for many years. The two have been upgraded to husband and wife and novice parents, and have successfully achieved two consecutive jumps!

Wang Tingxuan is two years younger than Mingdao. In 1999, at the age of 17, Wang Tingxuan joined the girl group KISS to debut, but the group disbanded in 2002.

Wang Tingxuan debuted this year, Ming Dao is still in school.

In 2002, after graduating from college, Ming Dao served as the host of the travel show "Adventure King" and has since entered the audience’s attention.

In 2004, Mingdao joined the boy band 183CLUB and starred in "The Kingdom of Heaven’s Wedding Dress", which became a hit overnight.

Then he starred in the TV drama "Prince Turns Frog", and became the first brother of the idol drama and the originator of the overbearing president.

Ming Dao, who debuted later, opened the road to prosperity, but Wang Tingxuan became obscure in the entertainment industry.

I heard that name again in 2016.

When Mingdao’s mother was interviewed by reporters selling sweet potatoes in the market, her mother revealed that Mingdao had a beautiful girlfriend and had been dating for two or three months.

Not long after, the paparazzi photographed Ming Dao and Wang Tingxuan walking in the park. Ming Dao put his hand on Wang Tingxuan’s shoulder affectionately and couldn’t help pinching his face. Wang Tingxuan was adorable.

In August 2017, Ming Dao and Wang Tingxuan were photographed buying meat together at a vegetable market.

Because Wang Tingxuan was photographed with her hands on her waist, Taiwanese media reporters suspected that Wang Tingxuan was pregnant and went to Mingdao to verify.

Mingdao Company also issued a solemn statement at that time, saying that all the rumors were false!

Verbal denials kept coming, but Ming Dao and Wang Tingxuan had no scruples about dating privately. Not long after, the two were photographed having dinner with friends together, and their actions were still super intimate.

Ming Dao also came to a "buttock kill" at the door of a friend’s house, pretending to slap the woman’s butt, a natural couple interaction.

At the end of 2017, Ming Dao attended the press conference for an interview, but still did not recognize Wang Tingxuan as his girlfriend, only calling him a good friend.

He also emphasizes that he is not married, and the option of marriage is at the end of his life plan.

But FLAG still don’t stand casually!

Mingdao’s family went out for a outing and was photographed hugging their baby from left to right. I am afraid that the original declaration of not getting married has long been forgotten!

After this video was exposed, Ming Dao finally stopped being stubborn. He posted a photo of his son’s feet and officially announced that he would become a father, sharing the joy with everyone.

Mingdao staff also responded to Mingdao’s marriage, saying that he registered for marriage in 2019 and his son was more than two months old. The reason why he did not make this public was because there had been a lot of things happening at home recently.

The family matter mentioned by the staff should be the suicide of Mingdao’s brother.

In early 2020, Mingdao’s brother, Lin Minghong, took his wife and children to the mountainous area on a bicycle to commit suicide. According to the police investigation, Lin Minghong first strangled his wife and son with an electrician’s belt, and then hanged himself.

Lin Minghong is addicted to gambling and often borrows money from his brother’s star aura. In the end, Mingdao came to clean up the mess and repay the bill for him, adding up to at least 6 million.

In order to get his brother to quit gambling, Ming Dao once stated that he would not pay his debts again, hoping that he could restrain himself.

Even so, Lin Minghong still didn’t stop. The gambling debt he owed was like a snowball that was getting bigger and bigger. In the end, he couldn’t bear the forced debt and ended his life.

However, he not only committed suicide, but also strangled his wife and children, killing two innocent lives. How can this human tragedy not be heartbreaking!

Four months later, Ming Dao’s son was born, and he could fully understand that he did not announce the news at the first time under this situation.

It was also from this year that Ming Dao began to appear by Zhang Ting and Lin Ruiyang’s side frequently.

Several times for Zhang Ting and his wife’s brand activity platform?

In order to thank Mingdao for her support, Zhang Ting has publicly stated that the new building she bought with nearly 2 billion on the Huangpu River has a floor for Mingdao.

Later, as everyone knows, by the end of 2021, Zhang Ting and Lin Ruiyang’s company were investigated for suspected pyramid schemes.

Because of the frequent brand platform, Mingdao people have also been pushed on the trend of public opinion, which has undeniably become a shadow of his acting career.

After that, Ming Dao spent more time returning to family life.

He often accompanied his mother in Taiwan, and his 2-year-old son was photographed helping to push a wheelchair for his grandmother. He looked cute and well-behaved, indicating that he was well educated by his parents.

The Ming Dao who declared that he would not marry, in the lowest period of his life, what could comfort him the most should be precisely the warmth from his own small family!

In April this year, Mingdao’s official wife became pregnant with her second child, a little princess.

On this day, he also held a wedding ceremony with his wife and celebrated the third birthday of his eldest son.

The mother pushed her wheelchair into the stadium from Mingdao and witnessed this happy moment.

Now that the youngest daughter is born safely and smoothly, it is not easy. His wife Wang Tingxuan is 41 years old this year and has entered the ranks of senior mothers. She must have experienced some hard work in the process.

In October last year, the TV series "Jin Yong Martial Arts World" was launched, and Ming Dao played Hong Qigong in the unit drama "Nandi Beigui".

After going through a series of twists and turns, he finally began to sink his heart into acting again.

After going through the peaks and valleys of his career, he had experienced the tragedy of losing a loved one, and he had also shown some impatience and confusion in the highlight stage…

Now that the Ming Dao has settled down, I hope it will usher in a new transformation in life!

Responsible editor:

　　"The international gold price continues to hit a record high" on the hot search, with the soaring gold price, the investment boss who laid out it made a lot of money. Bridgewater (China) Investment’s three products are heavily invested in gold ETFs, with a total of 181.90 million fund shares; tens of billions of private high-tech assets Deng Xiaofeng’s two products hold () 699 million shares, and the company’s share price has risen by more than 40.53% this year.

　　For the "skyrocketing" gold price and gold stocks, can the market continue and will there be a main upswing? A number of institutions have released the latest research and opinions.

　　() believes that gold stands at the starting point of the medium and long-term bull market, and the elasticity of gold stocks is about 2.23 times that of gold prices. National Gold Securities believes that it is expected that the Federal Reserve will release a "easing signal" in Q2, which will become the starting point for the rising wave of gold stocks. In addition, a number of private equity companies believe that multiple positive resonance, the metal attributes of resource products are activated, and the consumption of non-ferrous commodities is expected to drive the bulls of commodities and start a wave of "periodic table" markets.

　　Bridgewater (China) Investment’s three products are heavily invested in gold ETFs

　　Since the beginning of this year, gold seems to have escaped the "gravity", and the price of gold has continuously refreshed historical highs, making gold stocks ETFs popular with market funds. On April 3, after the opening of the gold stocks ETF (159562) under China Asset Management was delayed by an hour, there was another violent increase until the daily limit. The ETF has risen by the limit for three consecutive days, and the premium rate is as high as 30%, setting a record.

　　Gold stocks ETFs are highly speculated by the market and cannot be separated from the rapid rise in gold prices. Since April, gold prices have continued to refresh historical highs. From the perspective of international gold prices, as of the morning of April 6, Beijing time, the gold futures contract for June settlement on the New York Mercantile Exchange closed at $2349.1/ounce, up 1.76% on the day. London spot gold closed at $2329.57/ounce, an increase of 1.77%. International gold prices continued to hit a record high, rising 13% during the year.

　　The soaring price of gold has also made the investment boss in the layout earn a lot of money. Foreign private equity Bridge Water (China) investment has a "soft spot" for gold. According to private placement network data, Bridge Water (China) investment’s three products are heavily invested in gold ETFs, totaling 181.90 million fund shares.

　　Specifically, Bridgewater’s all-weather enhanced China Private Offering Fund No. 2 holds shares of Bosera Gold ETF and E Fund Gold ETF. Bridgewater’s all-weather enhanced China Private Offering Fund No. 3 holds shares of three ETF products including Bosera Gold ETF, Huaan Gold Easy ETF and E Fund Gold ETF. Bridgewater’s all-weather enhanced China Private Offering Fund No. 1 holds shares of Bosera Gold ETF and E Fund Gold ETF.

　　For the "skyrocketing" gold price, Soochow Securities Research Report believes that gold usually declines three months before interest rate cuts. Therefore, as the interest rate cut cycle approaches, a pullback in gold will be highly likely. If you refer to the experience of gold standing at $1,000/ounce in 2009, 20% may be a hurdle, which also means that there may be some pullback pressure near $2,400/ounce.

　　"Torrential" gold stocks ushered in the main wave?

　　Regarding the "skyrocketing" gold price, Tianfeng Securities Research Report believes that gold is standing at the starting point of the medium and long-term bull market. Looking at the big cycle, it is most likely that it is in the middle and early stages of the gold bull market. There are favorable factors such as interest rate cut expectations, high inflation, and a downward dollar index on the macro level. Looking at the small cycle, the US dollar and US bond yields are declining, and the real interest rate may enter a downward cycle, superimposing the risk-off demand generated by geopolitics. Gold is currently in the middle of the rising stage of the small cycle paradigm, gradually moving towards a new high. At the beginning of this round of gold’s rising cycle, the elasticity of gold stocks is about 2.23 times that of gold prices

　　The latest research report of Guojin Securities strongly recommends paying attention to the main rising wave of gold stocks. The research report believes that under the combined effect of factors such as the good performance of gold stocks in 1Q2024 and the "easing signal" released by the Federal Reserve, 2Q2024 will usher in the main rising wave of gold stocks. The current market value of gold stocks does not reflect the expectation of a rise in gold prices, and may make up for it in the future. Based on the dimension of the Federal Reserve’s first interest rate cut in June, Guojin Securities expects that the Federal Reserve will release a "easing signal" in Q2, which will become the starting point for the main rising wave of gold stocks.

　　Xu Zhiyun, a partner of Ruisheng Investment, told reporters that the current round of gold prices has long been out of the previous real interest rate framework. Behind it is the purchase behavior of global central banks, which is essentially distrust of the US dollar system, which has led to the return of gold to monetary attributes. The swing of the Federal Reserve’s interest rate cut expectations has a short-term disturbance to market confidence, but as long as the market still believes that interest rate cuts are only a matter of time and rhythm, the central bank’s continued purchase behavior of gold will not change, and the long-term upward price of precious metals, including resource goods, is supported.

　　It is worth noting that tens of billions of private high-tech assets Deng Xiaofeng in this wave of gold bull market made a lot of money, Deng Xiaofeng management of Gao Yi Xiaofeng No. 2 letter fund heavily held Zijin Mining 401.7775 million shares, Gao Yi Xiaofeng Hongyuan fund also held Zijin Mining 297.05 million shares at the end of the period, Deng Xiaofeng’s two products together held Zijin Mining 699 million shares. As of April 3, Zijin Mining shares rose more than 40.53% this year.

　　"Periodic Table of Elements" market opens

　　Guangdong Xiaoyu Investment Li Shiyu told reporters that a major reason for the recent strengthening of resource stocks is that the market expects the Federal Reserve to start cutting interest rates this year. Secondly, due to geopolitical friction and risk impact, gold prices have been on the rise this year, and international gold prices have continued to hit record highs, which has also stimulated the price performance of other related resource products. The performance of gold prices is currently desensitizing interest rate hikes, and many historical trends have proved that the continuous rise of gold prices to new highs is the leading signal of a bull market in commodities.

　　Li Shiyu said that the Federal Reserve’s interest rate hike cycle will eventually end this year. Although there are "twists and turns", it will not affect the start of the interest rate cut cycle in 2024. The weak expectation of the US dollar will stimulate the "financial attributes" of non-ferrous metals. Coupled with the recovery of domestic and foreign demand, the PMI will rebound beyond expectations, which will greatly promote the consumption growth of non-ferrous commodities and is expected to start a new round of demand for some resource commodities.

　　Xu Zhiyun told reporters that the trend of the resource sector is strong, corresponding to the overall rise in the prices of important commodities such as gold, copper, and oil. The first is that the financial attributes of resource commodities are being fully activated. The market expects that the world will end the rapid interest rate hikes of the past two years and enter the interest rate cut cycle. In addition, the liquidity of the sky is still there, and resource commodities that are still at a low level compared with other major assets will be favored. As the commodity with the strongest financial attributes, gold prices continue to brush out record highs is a sign that financial attributes have been activated. Optimistic about the future rise of resource commodities, which is currently a rising dessert area, but we should also pay attention to the rhythm of surfing. Precious metal prices can be used as a leading indicator

　　Chen Hongbing, chairperson of Anhui Meitong Asset, told reporters that the recent strengthening of non-ferrous metals such as gold, copper and aluminum, the first is the expectation of the Federal Reserve to cut interest rates. Historically, the Federal Reserve has officially entered the interest rate reduction cycle, and the price of gold has a very high probability of rising during this period; secondly, the shortage of supply and demand! For example, the production reduction/shutdown of overseas copper mines will reduce the output of global copper concentrates by about 400,000 tons in 2024, and the expectation of market supply balance will be completely reversed into a shortage. Under the expectation of overseas interest rate cuts, the manufacturing industry is expected to recover, and the global resonance replenishment pool has completely fermented the market’s logic for copper supply problems. The logic of aluminum is similar. On the demand side, the industry has entered the traditional peak season

　　Ma Cheng, chairperson of Shenzhen Juze Investment, said that the recent performance of resource stocks is strong, first of all, the market estimates that the Federal Reserve will cut interest rates in the second quarter in the future, and commodity prices are expected to rise; second, the latest domestic PMI in March reached 50.8%, the data exceeded expectations, and the economy returned to the expansion range, which means that our country’s economy has recovered rapidly and is expected to drive resource commodity prices; third, the recent deterioration of the situation in the Middle East has stimulated the sharp rise in international crude oil prices and gold prices.

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　　Recently, NetEase’s flagship martial arts game Against the Water has once again announced detailed plans around the fourth anniversary expansion, one of which is quite exciting.

　　That is, the anti-water cold will officially open the image quality iteration plan during the fourth anniversary, and will benchmark or even surpass the well-known stand-alone 3A games such as "Black Myth: Wukong", and upgrade the image quality of existing games in a short time.

　　In fact, NetEase’s flagship martial arts game has been praised by players for its excellent graphics.

　　Not long ago, the Anti-Water Cold development team made a major upgrade around the ice surface. In the game, it is actually difficult to present the ice surface well, because the light transmittance is different under different degrees of icing.

　　For example, on the ice surface of West Lake, the temperature is not low enough, and the thickness of the ice layer is relatively thin, allowing you to clearly see the fish swimming under the ice surface.

　　In some extremely cold places, the ice layer is thick, so it is impossible to see the underwater scene, which is difficult to figure out. Therefore, in the past, game manufacturers generally used the form of textures to solve the problem.

　　The ice surface generated by the map has no change and no soul.

　　So the programmers in the development team decided to make a new one themselves.

　　Its principle is based on the physical simulation method, which is used to model the refraction reflection and scattering of ice materials and light when passing through ice.

　　They also took into account ice cracks, bubbles, and other phenomena to achieve a better rendering effect.

　　It can be said that the sticker ice in most games in the past was fake paper ice, and under the ice of the cold rivers and lakes, you can even see swimming schools of fish.

　　Not only that, but the constant changes in day and night light, cloudy and sunny weather make the same scenery look different at different times, and the beauty presented is also different.

　　But in fact, against the current cold has never been a game that satisfies the status quo. The development team has always hoped to bring players a sensory experience that goes beyond the limitations of the end game and the limitations of the times.

　　Therefore, the image quality upgrade can be said to be one of the ambitions against the cold from the beginning. As for how big this ambition is, you can understand it after reading the picture below.

　　Players can directly see the weeds and dead leaves in the cracks of the tiles, the patterns and tree shadows on the tiles, and even the wood grains and mottles on the eaves.

　　Objectively speaking, the image quality improvement map released by the current cold water, while using the most advanced technology, also integrates a lot of Eastern ethereal and distant artistic conception, which is quite a "quality explosion".

　　A small detail may go unnoticed, but a good game is made up of these details.

　　In order to make this inconspicuous ice scene look more "real", the development team worked hard for several months, which seemed to be a bit "thankless".

　　However, the anti-water cold technical team has well presented the concept of daring to be the first in the world, always committed to exploring the most cutting-edge graphics technology, and constantly challenging the limits of hardware and algorithms. They scoff at the so-called "cost performance of R & D", and only want to bring real, more real, and surpassing real game images to players.

　　This is also something they are still pursuing in the future.

　　As for the breakthrough in artistic style and scene refinement this time, let’s wait and see how players at home and abroad will perceive it!

The artists shouted together, "Sichuan, come on!"

Andy thanks everyone for supporting his advocacy

Hui Zhi’an and Cheng Xiuwen

　　Yesterday at 14:30, at the initiative of Andy Lau, the 8-hour non-stop charity show "May 12 Care Action in the Performing Arts Industry" initiated by the Hong Kong Performing Artists Association was held at Central World, West Kowloon, Hong Kong. The show was the largest charity performance in Hong Kong’s history. Hong Kong artists came out in full force, Jackie Chan, Chow Xingchi, Andy Lau, Jacky Cheung, Alan Tam, Liming, etc.; the mainland also went to Zhang Guoli, Zhou Xun, Sun Nan and other big names to cheer; Taiwanese artists Cai Qin, Zhang Xinzhe, Liu Ruoying, etc. were not to be left behind. A total of more than 500 people from the performing arts industry participated in the charity show.

　　In the end, the charity show raised more than 31.80 million Hong Kong dollars, and the Hong Kong entertainment industry, known as a mess of sand, became united. Advocate Andy Lau knelt down to all the artists on the stage at the end and thanked everyone for their support. "Sichuan, come on! China, come on!" The cry has been floating in the sky over Hong Kong. All Hong Kong people promise to be with the people of Sichuan and help the people of Sichuan rebuild their homeland.

　　Artists sing "Promise" in unison

　　As an important event of the "May 12 Action for the Performing Arts", yesterday’s charity show gathered hundreds of artists from the mainland, Hong Kong and Taiwan for a marathon performance to help raise funds for disaster relief. The show was co-hosted by Cheng Yuling, Zeng Zhiwei, Wu Xiaoli, Zhang Guoli and others. At 14:28, the Hong Kong performing arts charity show officially opened, and all the artists observed a minute of silence. At 14:30, the performance kicked off with the voice of all the artists "Sichuan, come on! China, come on!" The artists sang the theme song of the show – "Promise".

　　"… Everyone will have fear. Facing the dark corner, I will not hide for you no matter how hard it is. I want you to regain your original life, and I have confirmed the promise of this lifetime." At the scene, every artist wore a black T-shirt with the word "No" on the T-shirt. The artists swore on the spot: "We promise to work together to fight the disaster and save Sichuan!" "This is a promise. We Hong Kong people promise that no matter what happens to you, we will never give up and support you!"

　　Jackie Chan Andy Lau talks about the disaster area

　　In the face of the disaster, Chinese people all over the world have given great love, and everyone in the entertainment industry has also contributed money. Jet Li, Jackie Chan, Andy Lau and others also went to the disaster area to deliver supplies to the affected people and cheer them on. Yesterday, Jackie Chan and Andy Lau told the audience about their experiences in the disaster area. Jackie Chan said: "I arrived in the disaster area the next day. I saw trolleys, rickshaws and bicycles delivering supplies to the disaster area. I was very touched. When I arrived in London, I saw that both international students and foreigners were lining up to donate, which also touched me. Everyone offered a helping hand, so I believe that as long as we work hard, we can overcome all difficulties."

　　Andy added: "I went there a few days ago, and when we arrived at the disaster area, they said to me, ‘It’s dangerous here, you go back’. In times of danger, they think of our safety, and I think this love is a big love. I was shocked by everything in the disaster area, and they faced it calmly. In their eyes, I saw persistence and their determination to build a better home."

　　Enjoy Rongcheng intelligently and see the future! On August 25th, 2023 Chengdu International Auto Show kicked off in the West China International Expo City. The "Super Comfortable Medium and Large Electric Car" Star Road Star Era ES made a heavy appearance. The comfortable design with "world-class" super power, platform technology advantages, naturalistic aesthetics and user experience as the first priority provided a full-dimensional "super comfortable" experience for warm and technological middle-class families.

　　The aesthetics of wind stuns the audience and interprets the concept of elegant design of sports.

　　The strength faction also has a high value. At the Chengdu International Auto Show, the first pure electric vehicle of the high-end brand Xingtu New Energy Product Series "Xingjiyuan" of Chery Group, with its unique aesthetic design, made the attendees feel excited.

　　Star Age ES carved the body curve, outlining the slender body lines, with a golden ratio of about 5 meters long, nearly 2 meters wide and a wheelbase of about 3 meters, supplemented by ultra-low body, dynamic slip-back modeling inspired by water droplets in the wind and streamlined waistline design, which is simple without losing the charm of sports. It not only shapes the extremely dynamic back slip shape, but also brings 0.205Cd ultra-low wind resistance comparable to super running.

　　When we look at the front face of the ES in the Star Age, the elegant and beautiful dynamic image of the butterfly is very eye-catching. The front headlights with horizontal penetration and two ISD intelligent interactive lights form a unique front face shape of the butterfly with wind feathers. Inspired by the butterfly’s flapping wings, the wind-language programmable interactive headlight consists of 972 LED lamp beads, which blends lightness and elegance into the unique dynamic shape of ES in the Star Age, perfectly blends the beauty, freedom and tenacious vitality of butterflies with modern scientific and technological elements, sharpening product recognition and conveying brand connotation.

　　Four world-class superpowers, set the benchmark of electric car value.

　　In the tide of technological empowerment, new products have emerged at an unprecedented speed, and the new energy automobile industry has entered the mainstream mass era from the "early adopter era". The automobile consumption market in China has become a world-class market in which global brands compete.

　　Born globally, build world-class product strength. With the blessing of E0X’s global super-comfortable and high-performance electric platform, Star Age ES was guided by world-class product strategy at the beginning of its design, and realized four world-class superpowers of world-class "big space", world-class "true wisdom", world-class "super comfort" and world-class "low energy consumption", which brought subversive driving changes to the whole automobile industry and helped users experience a beautiful and comfortable car life with the ultimate product power.

　　Mobile life, tolerance is the first. Xingyue ES has a world-class "big space", and the front and rear rows of shoulders, legs and head spaces are better than their peers. The "room rate" is as high as 70.2%, allowing users to enjoy the whole journey.

　　Comfortable life, from the outside to the inside. Star Age ES creates a world-class "super comfort", and the whole system comes standard with air suspension +CDC, front double wishbone+rear five-bar linkage, turning bumps into smooth roads; The lowest wind resistance of 0.205Cd in the same class, combing the airflow to reduce wind noise and bring a quieter driving experience; The minimum turning diameter of 11.4m makes driving smoother and calmer.

　　"Superpower" should not be shackled by distance. Star Age ES redefines the power consumption standard with world-class "low energy consumption" and expands the travel boundary of pure electric vehicles. As the first China brand car to mass-produce 800V high-voltage platform, the power consumption per 100 kilometers of the Star Era ES is as low as 11.7kWh, and it can last 150km after charging for 5 minutes, and it can be recharged by 30% to 80% in 15 minutes, with a long battery life of 720km, with low energy consumption, fast charging and long running distance.

　　At the moment when major brands are competing for IQ, Star Age ES has defined world-class "true wisdom" and jointly built a "big model model" in the automobile industry with Iflytek, which relies on 512.
TOPS’s super computing platform, supplemented by higher perception hardware, leads the new wave of automobile intelligence development.

　　Five good cockpit wisdom blessings to promote the all-dimensional advancement of travel space.

　　"True wisdom" is not only easy to travel, but also physical and mental pleasure is more attractive. While providing worry-free, labor-saving and time-saving "three provinces" intelligent driving, Star Age ES has created a "five good" intelligent cockpit, which integrates good-looking, easy-to-use, good-listening and good-smelling, creating sensory surprises in multiple dimensions and making users always "like it".

　　Star Age ES adopts an integrated embracing cockpit design to provide a more immersive, spacious and comfortable ride experience. The central control panel is an intelligent central control panel with 2.5K high color gamut, high saturation and high screen ratio, with a size of 15.6 inches. It is equipped with a brand-new, simple and scene-based HMI design, with clear picture, convenient operation and better visual experience.

　　Thanks to 8155′ s powerful software and hardware platform, Star Age ES has carried out in-depth excavation in the dimensions of science and technology, entertainment, intelligent interaction, intelligent service, and full-scene collaboration. Based on scene development, it has maximized the user experience and made the cockpit know you, understand you and be more "easy to use".

　　Up to now, cars are not only a simple means of transportation, but also an important part of life, and the importance of quality and health is increasingly prominent.

　　Star Age ES carries Lion.
Melody sound system, equipped with 23 speakers, the peak power of the sound system can reach 1000W, supporting panoramic sound effects, creating a vast 3D surround sound field space and immersive feeling, as if moving the concert hall into the car; The main driver’s headrest speaker can realize the use experience of three different application scenarios, such as full car mode, driving mode and private mode, so that the owner can only listen to the "nice" sound.

　　In order to let drivers and passengers take a deep breath in the car, Xingjiyuan ES uses AQS air quality management system, CN95 air filter and negative ion generator to realize intelligent air purification and build a healthy cockpit for 6A. At the same time, the intelligent fragrance easily dispels the odor, making the car fragrant all the time, creating a safe, comfortable, fresh and more "good-smelling" driving space. In addition, depending on the needs of users for rest and watching movies, the cockpit can be associated with the scene mode, and the nap mode, wake-up mode and cinema mode can be turned on intelligently, such as the intimate life assistant taking care of everything properly.

　　In Jinguan City, the youth is splendid. Landing at the Star Age ES of Chengdu International Auto Show will surpass the expected "super-comfortable" image and bring a full-dimensional super-comfortable experience to warm and high-tech middle-class families. This appearance at Chengdu International Auto Show is also a preview of its official entry into consumer life. In the fourth quarter of this year, Star Age ES will be listed soon. At that time, more users will start from Star Age ES and open the door to "super comfortable" travel life.

　　Source, Lei Di

　　Lei Di.com, Lei Jianping, March 5

　　NIO Group (NYSE: NIO; HKEx: 9866; SGX: NIO) today released financial results. The financial report shows that NIO’s full-year revenue in 2023 is 55.6179 billion yuan (7.8336 billion US dollars), an increase of 12.9% from 49.269 billion yuan in the previous year.

　　NIO delivered 160,038 vehicles in 2023, an increase of 30.7% over 2022.

　　NIO’s gross profit in 2023 was 3.0518 billion yuan (429.80 million USD), down 40.7% from the previous year; gross margin was 5.5%, compared to 10.4% in the previous year.

　　NIO’s 2023 operating loss was 22.6552 billion yuan (US $3.1909 billion), up 44.8% from the previous year. Excluding equity incentive expenses, the adjusted operating loss (non-GAAP) in 2023 was 20.2861 billion yuan (US $2.8572 billion), up 52% from the previous year.

　　NIO’s net loss for 2023 was 20.7198 billion yuan (US $2.9183 billion), up 43.5% from the previous year. Excluding equity incentive expenses, the adjusted net loss (non-GAAP) for the full year 2023 was 18.3507 billion yuan (US $2.5846 billion), up 51.1% from the previous year.

　　Li Bin, founder, chairperson and CEO of NIO, said that in 2023, NIO set a new record for the delivery of 160,038 vehicles. On 2023 NIO Day, we launched the intelligent electric executive flagship ET9, showcasing a series of latest technologies such as self-developed AD chips, global 900V architecture, intelligent chassis system and other industries. "

　　"We are about to start delivering the NIO 2024 model, which is equipped with the most powerful computing power in the production car, and continue to improve the user’s driving and digital experience. At the same time, we plan to introduce the NOP + urban pilot auxiliary feature to all NT2.0 users in the second quarter. Continued investment in technology, power exchange network and user community will enhance our advantage in future competition," said Li Bin.

　　"Our automotive gross margin continues to grow, reaching 11.9% in the fourth quarter of 2023," said Beng Wei, NIO’s chief financial officer. "In December 2023, we completed a $2.20 billion strategic equity investment from CYVN, underscoring our unique positioning and competitiveness in the global smart electric vehicle industry. Looking to 2024, we will focus on high-priority business objectives, improve system capabilities, and further optimize cost management efficiency."

　　NIO Q4 revenue 17.10 billion up 6.5%

　　NIO’s fourth quarter 2023 revenue 17.1032 billion ($2.4089 billion), up 6.5% from $16.06 billion in the fourth quarter of 2022 and down 10.3% from $19.10 billion in the third quarter of 2023.

　　NIO’s vehicle sales for the fourth quarter of 2023 were 15.4387 billion yuan ($2.1745 billion), up 4.6% from the fourth quarter of 2022 and down 11.3% from the third quarter of 2023.

　　NIO delivered 50,045 vehicles in the fourth quarter of 2023, including 33,679 high-end smart electric SUVs and 16,366 high-end smart electric sedans, an increase of 25.0% from the fourth quarter of 2022 and a decrease of 9.7% from the third quarter of 2023.

　　NIO delivered 10,055 vehicles in January 2024 and 8,132 vehicles in February 2024. As of February 29, 2024, NIO’s cumulative deliveries reached 467,781 vehicles.

　　Just completed $2.20 billion equity financing

　　NIO has applied to the competent authorities in Anhui Province to complete the filing of investment projects for pure electric passenger vehicles, and has been included in the directory of automobile manufacturers of the Ministry of Industry and Information Technology.

　　On 27 December 2023, NIO completed a US $2.20 billion strategic equity investment from Abu Dhabi-based investor CYVN Investments RSC Ltd (‘CYVN’). Together with the transaction previously completed in July 2023, CYVN beneficially holds approximately 20.1% of the total issued and outstanding shares of the Company.

　　On February 7, 2024, NIO appointed Eddy Georges Skaf and Nicholas Paul Collins as new directors to the company’s board of directors. In addition, on the same day, James Gordon Mitchell resigned as a director of the company.

　　On February 1, 2024, NIO completed the Offer of Repurchase Rights relating to its 0.00% Convertible Senior Notes due 2026 (the’Notes’). The aggregate principal amount of the Notes validly filed and unwithdrawn prior to the closing of the Offer of Repurchase Rights is $300 million. After the Repurchase Settlement, the aggregate principal amount of the Notes remains outstanding at $910,000 and continues to be subject to the existing terms of the Deed and the Notes.

　　NIO Q4 cost 15.80 billion increased by 2%

　　NIO cost $15.80 billion in the fourth quarter of 2023, up 2% from $15.40 billion in the same period last year.

　　NIO Q4 Gross 1.279 billion Gross Margin 7.5%

　　NIO’s gross profit for the fourth quarter of 2023 was 1.2792 billion yuan (180.20 million USD), an increase of 105.7% from the fourth quarter of 2022 and a decrease of 16% from the third quarter of 2023.

　　NIO’s gross margin was 7.5% in the fourth quarter of 2023, compared to 3.9% in the fourth quarter of 2022 and 8% in the third quarter of 2023.

　　NIO’s automotive gross margin was 11.9% in the fourth quarter of 2023, compared to 6.8% in the fourth quarter of 2022 and 11% in the third quarter of 2023.

　　NIO Q4 expenses 7.90 billion increased by 7%

　　NIO’s expenses for the fourth quarter of 2023 were $7.90 billion, up 7% from $7.36 billion in the same period last year and up 24% from $6.37 billion in the previous quarter.

　　NIO’s research and development expenses for the fourth quarter of 2023 were 3.9721 billion yuan (US $559.50 million), a decrease of 0.2% from the fourth quarter of 2022 and an increase of 30.7% from the third quarter of 2023. Excluding equity incentive expenses, research and development expenses (non-GAAP) were 3.6164 billion yuan (US $509.40 million), an increase of 1.8% from the fourth quarter of 2022 and 36.8% from the third quarter of 2023.

　　R & D expenses remained relatively stable compared to the fourth quarter of 2022. R & D expenses increased compared to the third quarter of 2023, mainly due to higher design and development costs for new products and technologies and higher personnel costs in the R & D department.

　　NIO’s R & D expenses for the full year 2023 were 13.4314 billion yuan (US $1.8918 billion), up 23.9% from the previous year. Excluding equity incentive expenses, R & D expenses (non-GAAP) were 11.9142 billion yuan (US $1.6781 billion), up 25.2% from the previous year.

　　NIO’s selling, general and administrative expenses for the fourth quarter of 2023 were $3.9727 billion ($559.50 million), up 12.6% from the fourth quarter of 2022 and 10.1% from the third quarter of 2023. Excluding equity incentive expenses, selling, general and administrative expenses (non-GAAP) were $3.7815 billion ($532.60 million), up 16.1% from the fourth quarter of 2022 and 10.4% from the third quarter of 2023.

　　NIO’s selling, general and administrative expenses in 2023 were $12.8846 billion ($1.8148 billion), up 22.3% from the previous year. Excluding equity incentive expenses, selling, general and administrative expenses (non-GAAP) were 12.1167 billion ($1.7066 billion), up 25.8% from the previous year.

　　NIO Q4 operating loss 6.6253 billion operating margin -39%

　　NIO’s fourth quarter 2023 operating loss 6.6253 billion ($933.20 million), down 1.6% from the fourth quarter of 2022 and up 36.8% from the third quarter of 2023.

　　Excluding equity incentive expenses, the adjusted operating loss (non-GAAP) for the fourth quarter of 2023 was 6.0593 billion ($853.40 million), an increase of 0.7% from the fourth quarter of 2022 and 42.9% from the third quarter of 2023.

　　NIO Q4 net loss 5.3677 billion narrowed year-on-year

　　NIO’s fourth quarter 2023 net loss was 5.3677 billion ($756 million), down 7.2% from the fourth quarter of 2022 and up 17.8% from the third quarter of 2023. Excluding equity incentive charges, the adjusted net loss (non-GAAP) for the fourth quarter of 2023 was 4.8017 billion($676.30 million), down 5.2% from the fourth quarter of 2022 and up 21.5% from the third quarter of 2023.

　　As of December 31, 2023, NIO held cash and cash equivalents, restricted cash, short-term investments and long-term time deposits of $57.30 billion (USD 8.10 billion).

　　NIO expects Quarter 1 vehicle deliveries in 2024 to be between 31,000 and 33,000, a decrease of about 0.1% from the same quarter in 2023 to an increase of about 6.3%.

　　NIO expects Quarter 1 revenue in 2024 to be between 10.499 billion yuan ($1.479 billion) and 11.087 billion yuan ($1.562 billion), a decrease of about 1.7% from the same quarter in 2023 to an increase of about 3.8%.

??? What should I eat at night without gaining weight? The food I eat before going to bed should be carefully selected. First, the calories should not be too high, which will not cause weight gain. Second, it is best to choose foods that can promote sleep and improve sleep quality. The military doctor recommended the following 20 foods. If you are hungry before going to bed, you can eat them properly.

????Green fruit and vegetable juice

????Sometimes you feel hungry is not really hungry, but because your cells are dehydrated and your brain is misled to send out wrong signals. Drinking a glass of natural green fruit and vegetable juice can not only replenish water in time, but also effectively solve hunger. At the same time, it can slowly release fructose, which has the effect of relaxing nerves and promoting sleep. Green apples, carrots, celery, green grapes, cucumbers, asparagus, cabbage, etc. are all good ingredients for making green fruit and vegetable juice. Cut them into small pieces, add some milk, honey and a little ice cubes, and then smash them with a blender to drink.

????Probiotic yogurt

????Don’t think that eating dairy products before going to bed will make you fat! Yogurt is rich in probiotics, which can keep fat accumulation, promote fat decomposition, and have unexpected slimming effects, especially to help remove lower body fat. Moreover, probiotics can also regulate the balance of intestinal flora, eliminate spoilage bacteria, promote toxin excretion, improve intestinal immunity, and play a detoxification and beauty effect. If you don’t need to stay up late, it is also recommended that you add some fruits to make fresh fruit yogurt with sleep effect. Bananas, papayas, kiwis, tomatoes, etc. are all fruits with sleep function. Cut them into cubes and mix them into yogurt. You can also sprinkle 8 American almonds.

????oat

????Oats, like potatoes, help clear your gut of sleep-disrupting acids and relax your nerves for a gentle sleep. First, oats prompt your body to release an insulin that helps tryptophan reach the brain, where it is converted into serotonin, telling the brain "it’s time for bed." Second, oats release glucose at a constant rate during sleep, maintaining blood sugar balance and preventing nightmares while you sleep, as studies have found that nearly 40% of nightmares are triggered by low blood sugar. Boil a small bowl of oats and add a little honey to taste for a delicious and healthy midnight snack

????Coarse grain pumpkin porridge

????Traditional Chinese medicine believes that pumpkin is warm in nature, can moisturize the lungs and nourish qi, is a wonderful product for nourishing blood, and has a special cosmetic effect on women. Therefore, Zhang Zhidong, a famous minister in the Qing Dynasty, suggested that Empress Dowager Cixi use pumpkin for supper to keep young and beautiful.

????grape

????Grapes, grape juice and wine contain a kind of resveratrol, which is a natural substance that can lower cholesterol. Animal experiments have also proved that it can lower cholesterol and inhibit platelet aggregation, so it is one of the best foods for patients with hyperlipidemia.

????Organic tomatoes

????If you can’t keep your mouth shut and eat super, then tomatoes are your night savior. Rich in dietary fiber (which helps probiotics grow in the intestines) and pectin, tomatoes can fill your stomach and stimulate the brain’s satiety center, while also removing acidic metabolic waste from the intestines, helping you complete intestinal detoxification during sleep. In addition, the unique lycopene in tomatoes has powerful antioxidant properties, which can fight off excess free radicals and help the skin fight aging.

????brown bread

????White bread isn’t healthy. Whole wheat bread doesn’t taste good. Try brown bread. It’s made with wheat gluten. Even if you’re picky about food, you won’t dislike the taste and texture. It’s also rich in anti-inflammatory factors and dietary fiber. It also clears your gut of sleep-disrupting acids and benefits the growth of probiotics in your gut. Make a simple, thin sandwich with black bread and cucumber. It’s healthy and delicious.

????corn

????Corn is rich in calcium, phosphorus, selenium, lecithin, vitamin E, etc., all of which have the effect of lowering serum cholesterol. Indians have almost no hypertension and coronary heart disease, which is mainly due to their staple food of corn.

????potato

????Potatoes are considered the most nutritious natural slimming food, which is neither fat nor cholesterol, and has very low calories (only 21% of the same weight of rice). They are also very rich in soft dietary fiber, which can bring a high sense of fullness (3 times that of white bread of the same volume, and 6 times that of rice of the same weight). Eating some potatoes before bed will not only not cause weight gain, but also make you sleep more sweetly, because potatoes are rich in alkaline compounds. As for the cooking method, nutrition experts recommend that you steam, boil or mash potatoes.

????pasta

????Pasta itself, made from wheat, is a low-calorie, healthy dish, with the high-calorie portion only in the sauce. So as long as you make a low-calorie, healthy sauce, pasta becomes a non-fattening delicacy. Food experts have the secret to making low-calorie pasta sauce, which is to dice carrots, soybean sprouts and tomatoes, add some rain dew soy sauce and olive oil and stir well. You can also add some white-boiled chicken breast minced meat on this basis.

????chives

????In addition to calcium, phosphorus, iron, sugar and protein, vitamins A and C, chives also contain carotene and a lot of fiber, which can enhance gastrointestinal peristalsis, have a good laxative effect, and can eliminate excessive nutrients in the intestines, including excess fat.

????garlic

????Garlic is a mixture of sulfur-containing compounds that reduce blood cholesterol and prevent blood clots, helping to increase HDL.

????shiitake mushroom

????Shiitake mushrooms can significantly reduce serum cholesterol, triglycerides and low-density lipoprotein levels, and regular consumption can increase the relative increase of high-density lipoprotein in the body.

????mashed soybeans

????Soybean mash is actually the leftover bean residue after beating soy milk, which is a good ingredient that must not be wasted. It has multiple functions of sleeping, slimming and detoxification. It is rich in phytoestrogens like soy milk, which can make you feel relaxed; it is also rich in oligosaccharides, which can promote the growth of probiotics in the intestines, regulate the metabolism of fat and cholesterol, reduce the accumulation of acidic metabolic waste in the body, and help the intestines detoxify; it is also rich in minerals calcium, soy protein and soy fiber, which are catalysts for body fat burning.

????American Almond

????Many nutrition experts recommend American almonds as a night snack, not only because it is easy to eat and has obvious satiety, but also because the cell wall structure in American almonds blocks the body’s absorption of fat, which can prevent you from gaining weight. In addition, American almonds are also rich in tryptophan, which can calm nerves, and magnesium, a mineral that relaxes muscles, which can help you improve sleep quality. If you want to make the taste richer, you can also make "almonds + raw peanuts + raisins" into mixed nuts to eat.

????apple

????Apples have a very good lipid-lowering effect because they are rich in pectin, fiber and vitamin C. If you eat two apples a day for a month, most people’s blood LDL cholesterol (which is bad for the heart) will be reduced, and the blood HDL cholesterol, which is good for the heart, will be increased. Experiments have shown that about 80% of patients with hyperlipidemia have lower cholesterol levels.

????carrot

????Carrots are rich in calcium pectinate, which is excreted from the stool after working with bile acids. To produce bile acids, the body must use cholesterol in the blood, which in turn prompts the level of cholesterol in the blood to decrease.

????onion

????Onions contain prostaglandin A, which has the function of dilating blood vessels and lowering blood pressure. It also contains dilute propyl trisulfide compounds and a small amount of sulfur amino acids, which can prevent arteriosclerosis in addition to lowering blood lipids.

????Winter melon

????Eating winter melon regularly can remove excess body fat and help you lose weight.

????Kelp

????Kelp is rich in taurine. Food fiber alginic acid can reduce blood lipids and cholesterol in bile. (202nd Hospital of the People’s Liberation Army)

　　Xinhua News Agency, Jinan, September 25 Question: 15.2 kilometers of road charge 19.9 kilometers of money, how many pits are there for driving?

　　Xinhua News Agency "Xinhua View" reporters, Wang Yang and Shao Luwen

　　Recently, a post of a new scam on behalf of driving has gone viral through the public security official Weibo and WeChat in many places. According to the police, some personnel pretended to be chauffeurs to send passengers home, took personal information on the way, deliberately created traffic accidents "to make a game", and finally demanded high amounts of money. Many netizens expressed that they have resonated, and they have also been tricked by "black chauffeur".

　　"Xinhua View" reporter survey found that after drunk driving into prison, "drunk looking for a driver" has become a common consumer habit. Statistics show that last year, the national driving industry total orders have exceeded 253 million orders, the total output value of 15.40 billion yuan. At the same time, the management of the driving industry is disorderly, sky-high prices, hit-and-run and other chaos.

　　The driver actually invited a drunk, the industry is not standardized, and there are great safety hazards

　　Analysys think tank released a report showing that in the first half of 2017, China’s Internet driving market reached 2.965 billion yuan, showing a steady growth trend. At the same time, the unscrupulous behavior of individual practitioners has brought hidden dangers to the industry.

　　Mr. Zhong, a resident of Jinan, said that he was going to find a chauffeur to go home after a party, but he did not expect a drunk to come over by the chauffeur’s phone. Mr. Liu, a resident of Beijing, also encountered similar unhappiness. When he left a restaurant after drinking, he chose a chauffeur at the door on the strong recommendation of the waiter. Due to his drunken confusion, Mr. Liu did not notice anything wrong during the journey home, but found that the door of the car was obviously scratched the next day. He contacted the chauffeur, but the other person denied it.

　　Liu Ruzhong, a senior partner at Taihe Tai (Beijing) Law Firm, said that there are three main aspects to the current chaos in the driving market: first, the industry threshold is too low, the driving level of practitioners is uneven, and the quality of some personnel is low; second, the fees are arbitrary, and the driver adjusts the price arbitrarily; third, some drivers are indifferent to traffic rules, resulting in many accidents.

　　The reporter searched the China Judgment Document Network and found that in the past two years, the number of cases related to driving has increased significantly. Since 2016, there have been 1,078 such court verdicts, including 402 involving traffic accidents, 244 liability compensation, 228 personal injury compensation, and 118 mental damage.

　　"The surrogate driving market is growing rapidly, but under the circumstance of imperfect industry norms, the safety hazards are also increasing. Hit-and-run accidents, theft of property, illegal driving, etc., make consumers pay a heavy price for one-time surrogate driving," said Zhang Shili, head of the Auto Club branch of the China Automobile Dealers Association.

　　The reporter personally experienced: "Black driving" charges 19.9 kilometers for 15.2 kilometers of road, and it is difficult for regular driving drivers to grab the order

　　Recently, the reporter experienced the whole process of the service of multiple chauffeurs in Jinan. At around 9 pm on the 14th, the reporter came out of a hotel in Jinan and found that there were many chauffeurs waiting at the door. A chauffeur who came forward to collect work said that he could choose two ways: "report the order" and "do not report the order".

　　It turns out that the so-called "declaration" is a company behavior, and the driver needs to pay 20% of the income to the company; not "declaration" means that the driver himself takes "private work" under the banner of the company, and the insurance and other guarantees provided by the company for passengers become the driver’s private income. The driver told reporters that doing "private work" is good, and now the most chaotic market is "black driving".

　　According to clues, the reporter experienced a "black driver" service on the evening of the 21st. From the Jinan Olympic Sports Center, he called the driver to drive to the vicinity of the reporter’s residence. The map shows that the distance is 15.2 kilometers, and the estimated cost of e-driver and Didi driver and other platforms is about 80 yuan. However, the software carried by the "black driver" shows that the mileage is 19.9 kilometers, and the final settlement fee is 99 yuan.

　　The "black driver" charges 59 yuan for 10 kilometers. When the reporter asked how to charge for more than 10 kilometers and whether it was still charged according to this standard, the driver did not respond positively.

　　Master Zhang, a full-time driver who has been working on a driving platform for five years, told reporters that in addition to asking for random prices, some "black driving" may also bring safety problems. In Jinan, there are many "black driving", and it is difficult for regular drivers to grab orders.

　　Zhang Shili said that at present, there is a lack of mandatory standards in the driving industry, resulting in too low a threshold for personnel and no code of conduct.

　　The person in charge of Didi’s driving said, "On the Internet driving platform, in addition to requiring no bad records such as crime, alcoholism, and traffic violations, drivers have to undergo strict training and written tests, interviews, and other assessments before they can be hired." According to the reporter’s investigation, many small driving companies do not require driver training in accordance with industry standards and specifications, nor do they have insurance for driver liability insurance.

　　"Since 2015, the Automobile Dealers Association and several major driving companies have initiated industry self-discipline, calling on all employees to take a third-party practice test for certification, and after passing the test, obtain a driving training certificate. At present, the number of people with certificates in the industry has accounted for 37.5%." Zhang Shili said.

　　Who will take care of these "black drivers"?

　　The reporter’s investigation found that at present, the driving company is a company registered with the Industry and Commerce Bureau to engage in "non-operating vehicle driving services", and the supervision subject is not clear.

　　The Shandong Provincial Administration for Industry and Commerce said that the industry and commerce department is mainly responsible for the registration of driving companies in accordance with the company law and relevant laws and regulations, in accordance with the principle of market access.

　　According to the interviewed traffic police department, the traffic police mainly investigate and deal with violations in the process of driving. Driving services are essentially different from operating driving services. Without clear jurisdiction, the traffic control department cannot supervise the driving industry.

　　Wang Xinliang, director of Shandong Xinliang Law Firm, believes that it is crucial to rectify the chaos in the driving industry and clarify the supervision of the driving market.

　　"The price department can guide the driving industry to formulate clear charging standards, and the charging standards of the driving company should be publicized or registered for the record. This can not only ensure the free pricing of the market, but also accept social supervision to prevent enterprises or individuals from changing the standards at will," said lawyer Chen Zhiwei, a partner in the Shanghai branch of Beijing Zhongzi Law Firm.

On June 8, Beijing time, the first nine satellites built by Geely Holding Group for future travel were launched earlier this month. Geely’s Zhejiang Space-Time Daodaoyu Technology Co., Ltd. is responsible for the development of these satellites, and its CEO Wang Yang said that compared with Elon Musk’s plans for SpaceX, the company’s ambitions are much more modest.

The nine satellites were launched into orbit on June 2 aboard a Long March 2C rocket, making SpaceX one of the first Chinese companies to begin assembling a constellation of satellites pioneered by SpaceX, which already has more than 2,000 satellites in orbit.

"We all have a background in car manufacturing, and we all want aerospace technology and satellites to give back to car manufacturing and travel," Mr. Wang said in an interview on Tuesday. "The difference is our goal of making satellites."

SpaceX is putting its Starlink satellites into orbit to build a constellation of internet services as a low-cost alternative to long-range land-based systems that are vulnerable to interference. SpaceX also launches rockets for global satellite operators, the US military and NASA.

In contrast, Spacetime Daoyu’s ambitions are more modest. Wang Yang said that Spacetime Daoyu expects to have 72 satellites by the end of 2025 and 168 satellites by the end of the decade.

"While we want to provide the ultimate travel experience for our users, SpaceX is more focused on low-latency broadband and providing high-speed broadband access to 7 billion people around the world," Mr. Wang said.

Space-Time Daoyu is following in the footsteps of Chinese rival Galaxy Aerospace, which in March put six satellites into orbit. The satellites weigh an average of 190 kilograms and are China’s first projects to develop constellations in low-Earth orbit.

"Compared to Starlink, China’s constellation is small," Global Times said in a report on the launch, adding that China "will step up efforts to promote the application and transfer of space technology in the next five years".

Wang Yang said that Spacetime Daoyu plans to do its part to open up the network to other brands, and more information will be announced within three months.

"Geely’s future partners will not be limited to Geely’s ecosystem and car brands," he said. "We are also building partnerships with other industries."

Xinhua News Agency, Beijing, November 5th (reporter, Ding Jing) What time does the next bus arrive? Is the subway station crowded now? When should I get off? Passengers can enjoy these smart services when traveling in Beijing. Beijing Municipal Transportation Commission signed a strategic cooperation framework agreement with Autonavi Map on the 4th. The two sides will share traffic big data and launch more abundant transportation services within Beijing.

The two parties will build an integrated service platform for green transportation in Beijing – MaaS (Mobility as a Service, Mobility as a Service). The idea of the platform is to enable travelers to transform from owning vehicles to owning transportation services, and improve the public travel experience through one-stop service of various transportation methods. The platform is based on the Autonavi map APP, which connects to big data from various transportation industries such as Beijing’s public transportation, subway, suburban railways, online car-hailing, and long-distance buses. At present, real-time public transportation has covered more than 95% of bus lines in Beijing, and the accuracy rate of real-time information matching exceeds 97%. Passengers can also check the current congestion situation of all subway stations in Beijing through this platform. The Beijing MaaS platform has pioneered the "bus/subway ride companion card", which can display services such as route planning, transfer guidance, and get off reminders in real time according to the user’s location.