In 2009, Fan Bingbing and Wang Xueqi met together. Fan Bingbing knew that his starring role was about to be released, and Wang Xueqi, an air government actor, did not have a publicity team. Fan Bingbing enthusiastically lent his publicity team to Wang Xueqi, and the collaboration between the two has since begun. It was during this period that Wang Xueqi won the Asian Film Award for Best Actor, the Golden Horse Award for Best Supporting Actor, and the Golden Rooster Award for Best Supporting Actor. Fan Bingbing also won the "Queen Actor" honor at this year’s Tokyo Film Festival.

　　At the same time that their careers were going well, in early 2010, the news of Wang Xueqi’s divorce from his wife appeared in the media, and rumors about Fan Bingbing and Wang Xueqi’s ambiguous relationship began to circulate. In December, when the upcoming New Year’s movie "Zhao’s Orphan" was recorded in Shanghai recently, some media took a photo of Fan Bingbing and Wang Xueqi "holding hands." The next day, rumors about "Fan Bingbing and Wang Xueqi living together" finally spread.

　　Fan Bingbing could no longer sit still. This female star who dared to wear dragon robes and call herself a "wealthy family" decided to stand up and say a few words for Wang Xueqi and herself. She talked to reporters and responded to all the rumors: "If you have anything, come at me, don’t mention seniors again!"

Why "hold hands"?

"I passed the microphone to Teacher Wang’s chair, and Teacher Wang answered it."

　　Reporter: What is the so-called cohabitation rumor?

　　Fan Bingbing: Our whole company calls Teacher Wang Xueqi "Teacher Wang". In my mind, he is a good person and a good teacher. I really want to laugh off this nonsense. But this time I can’t. I must solemnly tell those who maliciously slander and spread malice that although I personally have no power to punish you, we have the protection of the law. I hope you understand that hurting an artist who only wants to act well will always make your conscience uneasy.

　　Reporter: In the past two years, you and Wang Xueqi have often appeared in film and television works at the same time. Why did you cooperate so frequently?

　　Fan Bingbing: I belong to the same company as Mr. Wang, and it is normal for any agency to cooperate with the company’s actors. And Mr. Wang is an actor I admire very much. Every cooperation is a learning experience for me. Of course, I am willing to study hard and make progress every day.

　　Reporter: Then why did you "hold hands" in front of the media?

　　Fan Bingbing: We often "hold hands", walk the red carpet together, and do activities together, both in Beijing and Cannes. The so-called holding hands two days ago was when "Zhao’s Orphan" recorded a program in Shanghai. There were hundreds of people on the scene, and the main creator was interviewed with only one microphone, and everyone passed it on in turn. I put the microphone on Mr. Wang’s chair, and Mr. Wang picked it up, and the good person looked at the picture and said "holding hands". Next time I go on a business trip with someone on the same plane, I guess he can still make up "eloping". It’s not easy for people to eat by making up sensational news, but he has to be more particular about this bowl of rice. It’s incredible to make up a story of people "holding hands" on stage and in front of everyone. In the end, he even made up the story that Teacher Wang and I lived together for two years, which was even more out of nothing. I can only say that this story is brainless and not advanced!

Wang Xueqi’s reaction after seeing the news?

"Teacher Wang has been a soldier all his life and values honor the most"

　　Reporter: After Teacher Wang’s divorce, there was news that you were together, did you know?

　　Fan Bingbing: I know it all. The staff will tell me the news on the Internet or hear other people’s discussions. Every time I tell them easily, it doesn’t matter. What I have to doubt with Mr. Wang is because I think everyone is "not afraid of shadows." Then they will "intimidate" me and say "just wait, when you are uncomfortable". I still teach repeatedly. I often eat and chat with Mr. Wang and company colleagues in private. Everyone is as happy as a family. Mr. Wang is our elder, and all young people like to listen to him tell stories. This feeling of joy will make people relax their guard. But this time, the degree of excess is indeed beyond my estimate. " I have experienced a lot of things about "Windless Three Foot Waves", and I couldn’t figure it out a few years ago. That dirty wave is "blossoming in my heart", but now that I have grown up, I understand that there are people in the world who have bad hearts. In the face of these, I have long been "a piece of water without clothes". I just want to be unfair for Teacher Wang! How nice he is, he is so decent that a friend has described it: In front of Teacher Wang, I feel that I am wrong if I don’t do anything. I want to emphasize that you must make up things out of nothing, and come at me if you have anything, don’t mention seniors again!

　　Reporter: How did Wang Xueqi react after seeing the news? Have you talked?

　　Fan Bingbing: I have contact. I contacted Teacher Wang as soon as I got off the plane and received a call from my colleagues. I told him, "Old Wang, Xiao Fan is sorry for you, and I have implicated you. It is very dangerous to be a colleague with me, and it has become a’cohabitation ‘." Teacher Wang said to me very seriously: "We are not just colleagues, we are also revolutionary comrades, and comrades should share weal and woe together." He spoke very easily, but I knew that his mood could not be good. Teacher Wang has been a soldier all his life, and he values honor the most. I have never experienced this… I have a strong sense of guilt in my heart.

Related LinksWhat is it?Fan Bingbing denies living with Wang Xueqi and will use legal means to investigate the slanderer

Next page: Will hold hands to celebrate "Zhao Gu"

On January 15, the Education Working Committee of the Guangdong Provincial Party Committee held an expanded meeting to listen to the party secretaries of 160 colleges and universities in the province’s 2023 work on grass-roots party building and make comments. The meeting was divided into three groups: public undergraduate colleges and universities, public higher vocational colleges and universities, cooperative education and private colleges and universities. The party secretaries of each college focused on studying and implementing the spirit of the 20th National Congress of the Communist Party of China, in-depth theme education, implementing the specific deployment of the Provincial Party Committee "1310" and the spirit of the national and provincial organization work conferences, implementing the responsibility system for grass-roots party building work, and promoting the high-quality development of party building leading the cause.

At the meeting, the party secretaries or relevant responsible persons of 40 public undergraduate colleges and universities made a specific report on the main work, existing problems, understanding and next steps in the process of promoting grass-roots party building in 2023 by promoting high-quality development with high-quality party building, implementing the specific deployment of the provincial party committee "1310".

In 2023, the party secretaries of various colleges and universities will perform the duties of the "first responsible person", implement the grass-roots party building work, and promote the high-quality development of colleges and universities.

Sun Yat-sen University adheres to the party’s political construction as the guide, and has successively organized activities such as micro-party class selection and broadcasting, "Best Party Day Activities" to enrich the form of party member education, and optimize the setting of party organizations in off-site school campuses (parks). Chen Chunsheng, secretary of the school’s party committee, introduced: "The school held the 14th party congress, leading the high-quality connotation development of the school’s cause with high-quality party building."

Peng Yonghong, Secretary of the Party Committee of Huizhou University, said that the school adheres to the implementation of the three-year action plan for grass-roots party building, improves the "1 + 2 + 10" "big ideological and political" work system, strengthens the construction of cadres, and closely adheres to the words "strict", "real", "break through" and "reform" to strengthen the party’s overall leadership over the school’s work and lead the school’s high-quality development.

The "Hundred Counties, Thousand Towns and Thousand Villages High-Quality Development Project" initiative is an important measure for Guangdong Province to promote the coordinated development of urban and rural areas. In 2023, Guangdong universities will work together to promote the "Double Hundred Action" innovation bureau.

Chen Wenhai, deputy secretary of the Party Committee and president of Jiaying College, introduced that the school took the "Double Hundred Action" as a breakthrough point, organized the teachers and students of the School of Computer Science to overcome difficulties around the needs of Fengshun electroacoustic technology, empowered the construction of green and beautiful ancient trees and red villages with professional advantages in tourism planning and architectural design, mobilized the expert team of affiliated hospitals to help the Second People’s Hospital of Fengshun County, and interpreted the principle of "what the county needs, what the university can" with practice, injecting strong impetus into the high-quality development of the county.

Lin Lan, Secretary of the Party Committee of Guangzhou Academy of Fine Arts, said that the school uses its professional expertise as the engine, gives full play to the demonstration and organizational role of the "Double Hundred Action" Rural Construction Planning University Alliance, and hosts the 2023 "Yuemei Village" style design competition. It has solidly promoted the pairing assistance work with 12 villages in 3 towns of Yangchun, and creatively formed the "Art Design + N" working mode.

In 2023, Guangdong is one of the provinces with the fastest progress in higher education in the country. Zhu Kongjun, Secretary of the Provincial Education Work Committee, Secretary of the Provincial Department of Education, and Director of the Provincial Department of Education, stressed that there are currently more than 2.6 million college students in Guangdong, but there is still room for progress in higher education as a whole. College party secretaries should think about how to insist on doing something and not, focus on national strategic needs, focus on local economic development, focus on improving the ability to serve high-quality development, and "build a peak on the plateau".

Zhang Xichun, Secretary of the Party Committee of South China University of Technology, introduced that the school will further implement the "Double Hundred Action", deepen research and exchange, improve the cooperation mechanism, and accelerate the practical transformation of the scientific and technological achievements and governance advantages of Chinese workers into visible productivity in Heshan and Huilai. By 2027, through summary and condensation, a typical experience that can be replicated and promoted will be formed.

Lu Jinghui, party secretary and president of Guangdong Medical University, said that in 2024, Guangdong Medical University will further "strengthen the foundation, strengthen its advantages, and strengthen its characteristics", gather its resource advantages, consolidate the development of its core competitiveness foundation, and accelerate the creation of "marine and tropical medicine", "health big data and intelligent medicine" and other fields. It will continuously enhance its ability to serve national strategies and social development.

This time, a total of 56 party secretaries of cooperative schools and private universities will report their duties. Cooperative schools are the forefront of education opening up to the outside world. Multivariate subjects, different cultures and different systems intersect here, and the school’s party organization work needs to explore new methods and new paths.

As a cooperative university between the mainland and Hong Kong, Qu Sentinel, party secretary of the Hong Kong University of Science and Technology (Guangzhou), mentioned that the school implements the principal responsibility system under the leadership of the council, and establishes and improves the daily communication and consultation mechanism between the party committee and the school’s administrative management and the joint meeting system under the premise of abiding by this system. The system of "two-way entry and cross-appointment" between party committee members and school administrative management is implemented.

"The goal of the party committee is to create a supportive environment for the successful operation of the partner university." Li Xueshi, party secretary of the Chinese University of Hong Kong (Shenzhen), mentioned that the school has made concerted efforts to implement the specific deployment of the "1310" of the provincial party committee by promoting exchanges and cooperation between Shenzhen and Hong Kong in an all-round way, vigorously introducing high-level talents, and improving the quality of international cooperation and exchanges. Strictly implement the main responsibility of party building.

Mao Yaqing, party secretary of the Beijing Normal University-Hong Kong Baptist University Joint International College, said that the school has continuously strengthened the party’s system construction and ideological work, strengthened the construction of talent teams, deepened the sharing of party building, and strengthened the construction of group organizations.

In 2023, the cooperative universities will place great emphasis on promoting educational and cultural exchanges. Zhu Dijian, party secretary of Beili Moscow University in Shenzhen, mentioned that in April 2023, the school approved the establishment of a Marxist college under the promotion of the party committee. Offer 6 compulsory ideological and political courses, "Four History" compulsory courses and 1 elective course, and go LIVE university’s first Sino-Russian bilingual blog "Talking about" Russia "to carry out basic education counterpart assistance and Guangdong young college students" Million Project "commando action.

Lin Danming, Secretary of the General Party Branch of Guangdong Technion-Israel Institute of Technology, introduced that in order to coordinate superior resources for the "Million Project", the school jointly carried out the "High-quality Development Project of Thousand Towns and Thousand Villages in Hundred Counties" with the People’s Government of Jinping District, Shantou City and the Fujiang Sub-district Office, and provided support and services for regional development through cooperation forms such as "building platforms, building bases, educating talents, cultivating leaders, and strengthening industries".

What to do next? Li Jinping, secretary of the Party Committee of Zhuhai College of Beijing Institute of Technology, mentioned that 2024 is a critical year for Zhuhai College to integrate into the Zhuhai campus. Next, it will adhere to the concept of people-centered, accelerate the all-round development of faculty and staff, and implement the fundamental task of building people through morality and further promote "three-complete education".

"In politics, we need to raise our standing, pay great attention to ideology, be practical in measures, focus on practical results in work, satisfy teachers and students in results, and promote development in goals," said Li Jianchao, party secretary of Guangzhou Southern University. Li Jianchao, the party secretary of Guangzhou Southern University, mentioned that the next step will be to further strengthen the theoretical study of party members and cadres, especially leading cadres. Continuously strengthen the self-construction of leading groups at all levels, further implement the responsibility system of grass-roots party building, consolidate and expand the effectiveness of thematic education.

Feng Xiaoning, Secretary of the Party Committee of Guangzhou Vocational and Technical University of Science and Technology, said that in the next step, the school will continue to enhance the political and organizational functions of grass-roots party organizations, gather strong forces to promote school reform and development, and strive to build a party work team that matches the construction of vocational undergraduate universities.

Shao Yunzhen, a member of the Education Working Committee of the Guangdong Provincial Party Committee, a member of the party group of the Guangdong Provincial Department of Education, and a deputy director, affirmed the party building of various cooperative schools and private universities in his summary comments. He believes that there are characteristics of paying more attention to improving the position, paying more attention to playing a role, paying more attention to strengthening the foundation and solidifying the foundation, paying more attention to serving the overall situation, and paying more attention to optimization and innovation. For the next work, Shao Yunzhen emphasized five requirements, namely, adhering to the correct political direction, consolidating the foundation on the fundamental task of building morality and cultivating people, improving quality and efficiency in strengthening the construction of grass-roots party organizations, uniting forces on high-quality party building leading high-quality development, and highlighting the advantages in serving the Chinese path to modernization Guangdong practice.

A total of 64 public higher vocational colleges were debriefed this time. The "top leaders" of many higher vocational colleges said that in the past year, the school party committees have given full play to the role of party branches as fighting fortresses, and have taken the lead in major projects such as "double high" construction, innovation and strengthening schools, and undergraduate application of vocational education. Carry the beam, deeply empower reform and development.

Du Anguo, Secretary of the Party Committee of Guangdong Vocational College of Light Industry, introduced that Guangdong Light Industry led the establishment of Foshan’s "two highs and four new" industry-education consortium, was selected as the first batch of municipal industry-education consortia by the Ministry of Education, and led the establishment of three industry-education integration communities such as the National Industrial Internet. To build a university industry-education park, the school and the enterprise jointly built 43 productive training platforms for substantive operation, and improved the mechanism of industry-education collaboration and unveiling. There are 4 provincial-level exemplary modern industry colleges and 9 off-campus practice teaching bases. Scientific research has exceeded 35 million yuan, social services have reached nearly 40 million yuan, and technical services and training have reached more than 200 million yuan in 5 years.

Lin Qiasheng, party secretary of Guangzhou Panyu Vocational TechAcademy, said that in recent years, the school’s party committee has taken the initiative to plan and act proactively, closely following the industrial development planning and policy trends of Guangdong Province, Guangzhou City, and the Greater Bay Area, and facing high-end industries and high-end industries. Through professional dynamic adjustment, professional construction is more adaptable to the strategic emerging industry layout. Next, the school’s party committee will take the undergraduate major setting as an opportunity to focus on the development of regional strategic emerging industries to set up new engineering majors. The number of engineering majors and enrollment accounts for about 60%, making professional construction more adaptable to the strategic emerging industry layout.

Zhang Xiaoyan, president of Guangdong Vocational College of Finance and Trade, believes that high-quality party building leads the high-quality development of the school, and the level of school running is accelerated. At present, there are more than 16,000 students in the school, and the scale has increased by nearly 12 times in 4 years. The registration rate ranks among the top in the province, and the implementation rate of graduates ranks first in the province. The total number of Ministry of Education supply and demand docking employment education projects ranks third in the country’s higher vocational colleges.

Party building leads education assistance, and colleges and universities give full play to their professional, disciplinary, and talent advantages, and demonstrate the responsibility of Guangdong colleges and universities in the "Million Project" action of Lianbai County, a hundred schools in Guangdong Province.

"The school invested 1 million yuan to comprehensively promote the’Double Hundred Action ‘and rural revitalization." Zhao Weimin, Secretary of the Party Committee of Guangdong Food and Drug Vocational College, introduced that the school has partnered with Guangyao and Chinese workers to help Huilai and Huaiji counties, and the school has in-depth cooperation, selected deputy high-ranking cadres to be stationed in the county, and promoted 22 "Double Hundred Action" projects such as traditional Chinese medicine cultivation, food medicine and diet, and characteristic agricultural products.

Guangdong Vocational College of Foreign Languages and Arts has established four teams of innovative and entrepreneurial teachers and students to explore the local characteristic culture and advantageous industries in Lianjiang, accurately connect the school resources with the development of villages and towns, and enhance the "soft power" of villages and towns.

"The leadership of the superiors is very powerful, the guidance of Guangdong Light Industry is awesome, and the drive to promote the construction of’double highs’ is very strong." Wang Xiaohui, the party secretary of Shantou Vocational TechAcademy, lamented that under the help and guidance of higher vocational party committees such as Guangdong Light Industry Vocational TechAcademy and Guangdong Industry and Trade Vocational TechAcademy, the party building work of his school has made great progress. "We must increase the pressure and strive to meet the standards of Guangdong Provincial Model Colleges for Party Building Work. Although the current gap is very large, we must also increase the pressure to comprehensively improve the level of party building and better serve Shantou’s modernization."

The grass-roots party building in colleges and universities should be guided by students’ needs, using Marxist theory to quench students’ thirst, relieve students’ confusion, and break the dilemma of the curriculum, so that the "ideological and political vitality" of students’ education is stimulated. Pan Jianyong, Secretary of the Party Committee of Guangdong Administrative Vocational College (Guangdong Youth Vocational College), introduced that the school’s 2023 graduates’ employment destination implementation rate was 95.77%, professional matching rate was 92.45%, and the freshman registration rate was 90.61%, which was 13.58%, 23.76%, and 10.33% higher than that of the integration three years ago.

In the comment session, Feng Wei, deputy director of the Guangdong Provincial Department of Education, summarized the effectiveness of party building in higher vocational colleges in 2023, clarified the problems that need to be solved to promote reform, and put forward new requirements for party building in higher vocational colleges. Evaluated the achievements and weaknesses of each college, and clarified the key to "party building leads vocational education reform".

Text and pictures | Reporter, Sun Wei, Cui Wencan, Wang Moyi, Intern, Huang Xiaohan, Hu Yuxiao, Liang Manxin

Recently, the traffic police detachment of Fuxin Public Security Bureau, the Fuxin Municipal Committee of the Communist Youth League, and the Fuxin Branch of China Mobile brought "traffic safety takeout" to the takeaways. The police combined the work characteristics of the takeaways and common traffic violations to remind the takeaways not to run red lights, retrograde or speed in order to grab time during the delivery process, and always keep in mind safety first.

Leng Jifeng, our correspondent in Fuxin, photo by Sun Chengchao

　　For Google, there are too many assets under its command, and it is in the order of "100 million" at random. However, the satellite image company that was acquired for 500 million dollars was recently reported to have been sold for 300 million dollars. Although we can’t guarantee the true accuracy of the figures, industry rumors say that Google sold it at a low price. That is to say, this business is sold at a loss by Google, which may also indicate that Google has diluted the satellite image market, or has restarted planning for future development, and even needs to divest these assets. Of course, maybe Google is gradually transforming into a "lightweight" company and needs to divest some less important businesses. It’s just that Google Maps was such a beautiful product line for a while. Won’t divesting satellite image business like this affect map products? What is Google’s ambition behind the scenes, or is it helpless?

　　Has the industry reached a consensus on "selling at a low price"?

　　Google and mapping start-up company Planet Labs announced on Friday that the latter will acquire Google’s satellite imagery company Terra Bella, which Google bought for $500 million about two years ago. Under the agreement reached between the two parties, Planet Labs will acquire the Terra Bella business and satellites, while Google will continue to provide satellite imagery for its map products through licensing. Obviously, Google still needs maps urgently. Although it is sold, it still needs the business product line.

　　According to insiders, Planet Labs’ acquisition price is lower than Google’s $500 million when it acquired Terra Bella at the time, but the price of this transaction is still more than $300 million. The source also revealed that Google will become the majority shareholder of Planet Labs and continue to invest in Terra Bella based on the expectation of long-term success. This also shows that Google cannot give up the map business, and it cannot give up. Too many product lines still need the support and support of Google Maps, and the divestiture may be just the divestiture of assets.

　　The market interpreted the deal as the latest effort by Google’s parent company, Alphabet, to manage expenses, which it is currently taking company-wide. The subconscious is that Google has gone to great lengths to manage expenses, and it may have to divest everything that can be divested. This may also be to "streamline" and help Google have a better financial forecast, right?

　　In fact, over the past year, Alphabet has scrapped plans to offer internet services through solar-powered drones, stopped expanding its Google Fiber internet service, and slowed down the development of drone delivery services. In addition, several company executives have also left. It is reported that several map executives have been poached by Uber. For a ride-hailing platform, maps are also life infra.

　　In addition, Alphabet’s earnings report last month showed that the company’s "Other Bets" business suffered a loss of $1.088 billion in the fourth quarter of 2016, with revenue of $262 million. Perhaps this is the internal factor that forced Google to keep shrinking, and it is also a loss of $1 billion. If it cannot be transferred and adjusted in time, the burden in the future may become more and more large. Even if Google is rich, it cannot withstand such tossing. It may be the best way to shake hands earlier.

　　Poor Terra Bella?

　　For Terra Bella, formerly known as "Skybox Imaging," which Google bought in 2014 for $500 million, it has seven data collection satellites and provides services to third parties in addition to Google Maps.

　　Google spun off this business because "it is more cost-effective to buy image data directly from a third party than to launch and operate its own satellites." Google, which used to be not short of money, now needs to be careful, just like Apple wants to sue Qualcomm. The original patent fee is just a drop in the bucket, but when the performance declines, and the share and profit both decline, Apple has to cut back on revenue and needs to "wipe oil" from Qualcomm. For Google, is it also a bit of "sympathy for the same disease"?

　　In fact, no matter who the owner is, it has little impact on Terra Bella. Its business is still within its familiar range. For Planet Labs, this acquisition will make it more competitive. Of course, for some experts at Google itself, it may be necessary to "invest in another owner". In fact, some executives have chosen to leave.

　　Planet Labs has been struggling to find customers, according to people familiar with the matter. It operates dozens of satellites, each weighing around 10 pounds (4.5 kg), but can only provide low-resolution images. Terra Bella’s satellites, by contrast, are more powerful and capture higher quality images. The acquisition will undoubtedly help Planet Labs expand its business.

　　There is also a saying in the market that with the third-party industrialization of the map business, it is also a good thing for other application users, such as Apple and many mobile phone manufacturers, online car-hailing platforms, etc. After all, after not being under Google’s control, the competition may be more fair. Of course, for Google, there are other secrets.

　　The glorious decade of Google Maps

　　The mapping business was once an unusually prosperous and glorious business for Google. For a time, the application of time was also overwhelming. Google Maps began as a living atlas, with MapQuest, the leader in the online mapping industry at the time, providing a printable list of directions. But Google took a different path: superimposing navigation paths on the map.

　　Moreover, Google Maps can also load maps directly on the web browser, making it convenient for users to explore the whole world anytime and anywhere. There is no need to install special software. At that time, the experience was super strong, and many people quickly fell in love with it. In 2005, no one could really understand the potential of web maps, and no one knew that it would play a crucial role in the future of online life. But it turned out that this business is too powerful. It is reported that the users of Google Maps have already broken through the 1 billion. It has become Google’s second largest asset after the search engine.

　　Google Maps has promoted the concept of "location" on the Internet from the very beginning. In fact, we are now one of the most commonly used in map applications about "location". The reason why modern maps have developed to this day may also be due to the appearance of Google Maps, of course, including the emergence of various LBS applications. Of course, Google is not the first to make maps. As early as 2003, Google had a product called "Search byLocation" (search by location). The service was launched in September 2003 as an experimental project in Google Labs, which was probably Google’s first map-related project.

　　In 2004, Google made three modest acquisitions of Keyhole, Where2 and Zipdash. Keyhole was the largest of the three deals, but the exact price has not been disclosed. At the time, the three-year-old company, which had 30 employees, was selling an enterprise-grade satellite mapping software for $69.95. The key technology was to stitch together satellite imagery into large maps of the world and then cut them into millions of pieces, allowing users to get a bird’s-eye view of the earth and then locate specific locations. In 2004, Zipdash, a start-up company with only three employees, was developing a mobile transportation app. Interestingly, because they were not registered, it was not even a "company". At the time, Zipdash only supported Nextel phones. Zipdash only sold for 2 million dollars. Google picked up a big bargain. Where2 developed a web version of Google Maps, Keyhole developed a desktop version of Google Earth, and the mobile version of Google Maps developed by the smallest Zipdash became the most important product.

　　It is reported that Google Maps’ traffic has been rising due to two things: Google Maps has added satellite data from Keyhole, allowing people to overlook their homes from the sky; Google has optimized the code to make Google Maps run faster. Since then, Google Maps’ growth has been uncontrollable. Selling the satellite imagery business now does not mean that Google does not make maps. On the contrary, it is one of the important pivots of Google. Especially in the era of mobile Internet, this business is indispensable.

　　Uber’s Small Ambitions

　　It is reported that Uber plans to invest $500 million to start drawing its own maps, and the plan also includes launching map viewing vehicles in the United States and Mexico to collect data and images. Uber’s ride-hailing service has always relied on Google Maps, and Google has no plans to enter the ride-hailing service field, so there is no conflict of interest between the two companies, and the two companies are also happy to cooperate on maps.

　　However, as both companies move towards autonomous driving that relies heavily on maps, the former partners have become competitors, and neither company expects further cooperation on maps. It makes sense for Uber to create its own maps to replace Google Maps.

　　Moreover, Uber’s mapping needs are focused on the accuracy of roads and locations, and Google Maps currently includes too much content, some of which is not relevant to Uber’s business. As Uber points out, "Google is great, but information like ocean terrain has nothing to do with Uber."

　　So Uber wanted to start from scratch and create its own maps. They hired Brian McClendon, the head of Google Maps, as a vice president and in charge of the map business. Then, a multi-year partnership agreement was reached with DigitalGlobe, a satellite imaging company, whose satellites would provide Uber with high-definition images.

　　Then, after Brian McClendon, Uber hired a second Google Maps executive, Manik Gupta, director of product management for Google Maps, who has been with Google Maps for seven years, to become director of mapping products.

　　Uber hopes to get rid of its dependence on Google Maps by strengthening its mapping business, so as to better control its own assets. In the future, more products or physically connected applications may come from third-party providers, so as to better participate in the competition. Of course, making maps is also a lot of pressure for Uber, and both technology and investment are key.

　　Google’s sale of its satellite imagery business is undoubtedly beneficial for divesting assets and reducing expenses. Coupled with the fact that its own product space will not be greatly affected, it may also be a better choice for Google Maps to divest its "hardware" business and focus on its own content. With the rapid development of the mobile Internet, mobile applications will become more diverse, and the demand for maps will also give rise to more development opportunities. This is not just a mobile application, including unmanned cars, unmanned aircraft, etc., will rely on the simultaneous follow-up of maps, and the extension of technology will also be more diversified. We also believe that more technologies and products will emerge, truly allowing users to have a better application experience.

　　China News Service, June 8, according to the website of the Ministry of Transport, the Ministry of Transport issued the "Notice on Doing a Good Job in Promoting Consumption Expansion and Quality of Transportation" on the 8th, saying that it is necessary to promote the development of green consumption in transportation, guide and urge localities to further promote the application of new energy buses and taxis, and gradually promote the electrification and cleanliness of urban public transportation and urban logistics distribution vehicles.

　　According to reports, in order to implement the decision-making and deployment of the Party Central Committee and the State Council on expanding domestic demand, promote the expansion and quality of consumption, promote the formation of a strong domestic market, serve the "Six Stability" work, and implement the "Six Guarantees" task, with the approval of the Ministry of Transport, the relevant work notice on promoting consumption expansion and quality of transportation is as follows:

　　The first is to improve transportation infrastructure conditions and stimulate consumption potential. On the basis of promoting the perfect layout of transportation infrastructure and three-dimensional interconnection, we should highlight problem orientation and goal orientation, and focus on promoting a number of transportation infrastructure buildings that have obvious effects on promoting consumption, so as to create conditions for stimulating consumption potential.

　　Accelerate intercity transportation infrastructure building. Focus on key urban agglomerations and metropolitan areas such as the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, the Guangdong-Hong Kong-Macao Greater Bay Area, and the Shuangcheng Economic Circle in the Chengdu-Chongqing region, and promote the formation of a multi-level rapid transportation network with rail transit and expressways as the skeleton. Improve urban agglomerations and metropolitan area center urban transportation infrastructure building, vigorously develop public transportation, and improve the level of transportation integration. Gradually form a 1-hour commute in metropolitan areas, and a 2-hour accessibility in urban agglomerations.

　　Improve the rural transportation infrastructure network. Promote the high-quality development of "Four Good Rural Roads", vigorously promote the withdrawal of organized villages and other large-scale natural villages with a population, and the opening of hardened roads to border natural villages, and promote more transportation projects to enter villages and households. Deepen the reform of the rural highway management and maintenance system, and speed up the establishment of a long-term mechanism for management and maintenance. Promote the construction of facilities such as ferry reform bridges, land and island transportation terminals, Kuhu District waterways and convenience docks, and improve the conditions for ferries in remote areas. Improve rural logistics infrastructure and service facilities, guide township passenger terminals to expand their functions of commerce, logistics, postal express delivery, etc., and realize "one point and more capabilities, one network and multiple uses, and multi-station integration".

　　Improve the development quality of comprehensive transportation hubs. Promote the construction of comprehensive passenger transportation hubs, and guide and drive the centralized layout, space sharing, three-dimensional or co-platform transfer of various transportation mode facilities. Encourage the use of large-scale comprehensive passenger transportation hubs as carriers to promote the agglomeration and development of related consumer industries such as commerce and finance, tourism and catering, shopping and entertainment, and build an urban complex. Promote the construction of logistics nodes such as national logistics hubs and freight hubs (logistics parks), and guide logistics nodes to expand service functions such as cold chain, postal express, cross-border e-commerce, and air logistics.

　　The second is to improve the quality of transportation services and upgrade service consumption. In response to the difficulties and painpoints faced by passenger travel and lifestyle logistics services, efforts will be made to improve the speed and convenience of travel services, promote the green and efficient development of freight logistics services, and open up the "blockage point" restricting consumption in the transportation sector to enhance consumption vitality.

　　Improve passenger transportation services. Speed up the remaining townships and villages with the conditions to pass buses, consolidate the achievements of the existing buses, and ensure the high-quality completion of the goal of passing buses by the end of September 2020. Fully realize the normal operation of the passenger rolling transport liner in the Qiongzhou Strait, and further shorten the average time for passengers to cross the sea. According to local conditions, promote the improvement of night economic transportation supporting services. Continuously meet the special needs of the disabled, the elderly and other groups, and improve the level of barrier-free and convenient travel services.

　　Optimize passenger transfer services. Further enhance the service level of passenger intermodal transportation, and effectively improve passenger travel experience. Encourage localities to strengthen innovation, and promote the opening and sharing of information on various modes of transportation, management coordination, optimization of security inspection processes, and integration of ticketing services. Promote the experience and practices of passenger intermodal transportation in Heilongjiang, Beijing, Nanjing, Shenzhen and other places. Strengthen the connection of urban public transportation and auxiliary public transportation services in comprehensive passenger transportation hubs, and improve the level of passenger "last mile" connection services. According to market demand, encourage the establishment of car rental service outlets at airports, railway stations, port passenger terminals, etc.

　　Improve the level of ticketing services. Encourage enterprises to use the Internet and other information technology applications to improve the level of ticketing services for networking, connecting, off-site, round-trip, and refund tickets, and guide Internet enterprises to provide "one-stop ticketing services" for intermodal transportation. Expand transportation card travel applications in taxis, city ferries, and road passenger transportation operated by buses. Promote road passenger e-tickets, and carry out pilot applications of road passenger e-tickets in Beijing, Jiangsu, Jiangxi and other provinces to improve the level of digitalization and informatization of road passenger transportation, and improve passenger travel experience. Promote the application of waterway passenger e-tickets, and carry out e-ticket applications in key waters such as Qiongzhou Strait and Bohai Bay. Continue to promote the implementation of the cruise ticket management system.

　　Improve the service level of life logistics. Promote the construction of "Global 123 Express Logistics Circle" to support the growing demand of residents for fast and convenient logistics services. Deepen the urban green freight distribution demonstration project, and guide local governments to coordinate urban transportation and urban material distribution needs according to the actual development, and accurately formulate urban distribution vehicle traffic control policies. Encourage local governments to strengthen departmental cooperation, promote information and data sharing, and provide support for improving the informatization level of urban freight distribution. Improve cold chain transportation standards and norms, improve the technical equipment level of cold chain logistics vehicles, and improve the quality of cold chain transportation services. Continue to promote the integration of delivery and mail, and improve the rural logistics service system at the county, township, and village levels.

　　The third is to promote the cross-industry integration of transportation and cultivate new consumption. Give full play to the advantages and characteristics of transportation points, long lines, and wide coverage, promote the integration and linkage of transportation "upstream and downstream, left and right" industries, and improve the application and development level of new technologies, new formats, and new models. Provide support for new consumption.

　　Promote the integration of transportation and tourism and sports industries. Strengthen the connection between expressways and scenic transportation, fully consider the connection with key scenic roads in expressway planning and construction, and improve the setting of traffic guidance signs. Promote the expressway service area to expand tourism, consumption and other functions according to local conditions, and combine regional characteristics to support RV parking spaces, gas stations, new energy vehicle charging piles and other facilities and equipment. Continue to promote the construction of tourist roads, tourist waterways, cruise yacht terminals, promote the development of cruise economy, tourism trains, low-altitude flight tourism, etc., and promote the cruise port to improve service levels. Encourage the creation of independent brand sports events featuring transportation resources.

　　Promote the integration of transportation and information industry. Promote the new transportation infrastructure building, improve the intelligent and digital level of transportation infrastructure. Promote the application of autonomous driving and vehicle-road coordination technology. Use "Internet +" technology to promote the healthy development of shared transportation, and encourage the development of new formats and models of travel services such as small and micro passenger car time-sharing leasing and road passenger transportation customization services. Encourage the development of "Internet +" efficient logistics, improve the level of automation, intelligence and digitalization of logistics, and improve the quality of services in areas such as timely delivery and cold chain express delivery, so as to effectively support the development of e-commerce and digital consumption.

　　Promote the development of green consumption in transportation. Guide and urge all localities to further promote the application of new energy buses and taxis, and gradually promote the electrification and cleanliness of urban public transportation and urban logistics distribution vehicles. Speed up the elimination of scrapped and old diesel trucks. Study and establish relevant standards and specifications for the safety and operation and maintenance of new energy vehicles in the field of road transportation. Guide logistics enterprises to use packaging that meets environmental protection and recyclable standards, avoid repeated packaging and excessive packaging, and improve the level of resource reuse and recycling.

　　The fourth is to create a safe transportation consumption environment and improve consumer satisfaction. Further enhance service awareness, and effectively safeguard consumer rights and interests through service innovation, transportation market supervision, and smooth rights protection channels, and strive to create a safe, convenient and comfortable transportation consumption environment.

　　Encourage innovation in service methods. Encourage all kinds of Internet platforms and market players to participate in the development of big data products and value-added services for transportation and tourism services, and use the mobile Internet as a carrier to provide the public with comprehensive information services such as diversified transportation, tourism, and sports events. Continue to deepen the expansion and application of ETC. Promote differentiated toll collection on expressways.

　　Maintain the order of the transportation market. Build a fair, open, competitive and orderly transportation market, improve market access and exit systems, and strive to improve the rules for the operation of the industry. In key areas such as transportation, transportation and logistics, build a new credit-based supervision mechanism, study and promote the interconnection of credit information, mutual recognition of credit evaluation, joint reward and punishment interaction, and credit repair interoperability. Cross-regional credit supervision and application, and optimize the overall credit environment of the industry. Promote the expansion and application of the electronic health file system for automobile maintenance to provide support for promoting used car transactions. Strengthen the supervision and management of transportation services, comprehensively use the Internet, WeChat, telephone and other channels to open up and accept problems reported by the masses, respond to problems in a timely manner and properly solve them, and improve consumer satisfaction.

　　Guarantee the safety of passengers’ travel. In accordance with the relevant requirements of the "Guidelines for the prevention and control of COVID-19 epidemic in passenger stations and transportation vehicles by zoning and grading", do a good job in epidemic prevention and control of passenger stations and transportation vehicles. Supervise transportation enterprises to implement the main responsibility of safety management. Further strengthen safety supervision and emergency response capacity building. Increase investment in infrastructure safety protection, and improve the safety protection capacity of key infrastructure. Build a safe vehicle and ship terminal, strengthen safety inspection and danger work, and create a safe environment. Promote the sharing of inter-provincial chartered passenger transportation sign information and external inquiries, and improve the safety and standardized operation level of tourist chartered vehicles. Implement key supervision of safety production on long-distance passenger routes and sleeper buses over 800 kilometers.

　　Fifth, strengthen organization and implementation to ensure effective results. Strengthen organizational leadership, innovate working methods, strengthen publicity and guidance, strive to promote consumption expansion and quality improvement to achieve practical results, and provide strong support for coping with the adverse impact of the epidemic, effectively expanding domestic demand, and promoting the formation of a strong domestic market.

　　Strengthen organizational leadership. Transportation authorities at all levels should raise their political standing and fully understand the importance of transportation to promote consumption expansion and quality improvement. In their work, they should strengthen organizational leadership, improve service awareness, strengthen departmental linkage, refine and implement measures in combination with actual conditions, and increase the reform of "decentralization, management and service" to form a joint force to promote consumption expansion and quality improvement.

　　Innovate working methods. Strengthen policy innovation and system innovation, and encourage local transportation authorities to promote consumption expansion and quality improvement according to local conditions through pilot exploration, demonstration-driven, and policy support. For projects that meet the requirements of the pilot program for building a transportation power, are highly innovative and have outstanding demonstration-driven, the Ministry of Transport will be included in the pilot program according to the procedures.

　　Strengthen propaganda and guidance. Give full play to the role of the media in guiding public opinion, make extensive use of key news websites, major commercial websites and media platforms such as Weibo, WeChat, mobile client side, etc., carefully set topics, vigorously publicize the good experience and good practices of transportation to promote consumption expansion and quality, and play a typical demonstration and driving role.

1905 movie network news Co-sponsored by the Film Channel Program Center, the Datong Municipal People’s Government, and Jackie Chan International Group, and jointly organized by the 1905 Film Network, Datong Daily, and Datong Radio and Television Station, the "Fourth Jackie Chan International Action Film Week" was unveiled in Datong on the evening of July 18.

　

The opening ceremony was held in the form of an ingenious concert, and the guest lineup was star-studded. In addition to Jackie Chan himself, the powerful singers Zhou Huajian, Sun Nan, musical talents Chang Shilei and Yuan Yawei, and the "ancient and confused boys" Zheng Yijian, Chen Xiaochun, Xie Tianhua, Qian Jiale, Lin Xiaofeng, and the new generation of idols Lehua Seven Sons NEXT members Zhu Zhengting, Fan Chengcheng, Bi Wenjun, Huang Xinchun, Li Quanzhe, and the popular Thai artist Mike also appeared that night, bringing wonderful performances.

　

Jackie Chan Movie Week in the Ancient Capital of Datong Unveiled, Jackie Chan: Promoting Action Films and Advocating Public Welfare Actions

The opening ceremony of the 4th Jackie Chan International Action Film Week was specially selected to be held in the magnificent Datong Daiwang Mansion. Director Cao Yin of the Film Channel Program Center, Secretary of Datong Municipal Party Committee Zhang Jifu, Mayor of Datong City Wu Hongwen and other leaders of the organizers attended the scene and delivered speeches. In his speech, Director Cao reaffirmed the important role that Jackie Chan Film Week has played in promoting action movies and supporting action filmmakers. He emphasized: "With his witty and humorous, chic and elegant films, Mr. Jackie Chan tells the world Chinese stories, promotes the Chinese spirit, and spreads the Chinese voice, which reflects the cultural confidence of the Chinese nation and has become a shining business card for cultural exchanges and dialogue between China and the world." Subsequently, Secretary Zhang Jifu of the Datong Municipal Party Committee announced that this year’s Jackie Chan International Action Film Week was officially opened.

　

As the "absolute protagonist" of this event, Jackie Chan took the stage with a sonorous song "Be a Man". During the dialogue, he sincerely expressed the reason for holding the "Jackie Chan Action Film Week" for many years: "Most action people are heroes behind the scenes, and the industry’s attention and recognition for them are far from enough. I hope we can influence more people to become’heroes’ [through the film week], which is the dream of every action filmmaker."

　

After three successful events during the Shanghai International Film Festival, "Jackie Chan International Action Film Week" moved to Datong, Shanxi for the first time this year. Behind this fate is also the deliberate consideration of Jackie Chan and the entire host team – during the 2018 two sessions, Jackie Chan proposed that film and television artists should fulfill their social welfare responsibilities and take the lead in poverty alleviation. "The movie channel is launching a poverty reduction campaign, which coincides with my idea. We joined forces and organized the Starlight Action, inviting a group of stars to participate together. Datong City has a deep historical and cultural heritage, and there are also 6 standard poverty-stricken counties around the city, so we decided to put this year’s event in Datong to really do something practical for poverty reduction."

　

That night, Jackie Chan sang a number of songs including "A Man Should Be Self-Reliant", "Ambition in My Chest", "A Clear Conscience", etc. Among them, he also sang "No More Lost" with Datong children, echoing the theme of Starlight Action. In addition, Jackie Chan emotionally gave the song "Things Are Different" to his former, beloved and departed friends. He admitted that he couldn’t help but cry during the filming of the MV. Time flies, and everyone should cherish the moment.

　

Strength singer vs high-powered idol, Zhou Huajian, Sun Nan, Lehua Qizi and others helped out in the opening ceremony

In addition to the wonderful singing of Jackie Chan’s eldest brother, the guest lineup invited to the opening ceremony that night was also star-studded: Zhou Huajian, who has a friendship with Jackie Chan for decades, brought his own classic songs "Flower Heart" and "Let Me Joy and Let Me Worry". The two old friends also broke the news to each other at the scene and remembered the past, singing "Friends" to pay tribute to friendship; the strength singer Sun Nan also sang three songs in a row, in addition to the widely sung "See You or Not" and "You Come Back", this time he also created a new song "Happy Datong" for Jackie Chan Film Week, and sang it for the first time in the performance that night.

Musical genius Chang Shilei and soul singer Yuan Yawei brought solo performances "Dad" and "Disperse" that night, and collaborated on a song "Long Come".

In addition to the above-mentioned powerful singers, there were also many fresh blood at the opening ceremony of Jackie Chan International Film Week. Zhu Zhengting, Fan Chengcheng, Bi Wenjun, Huang Xinchun, and Li Kuan-cheh are members of the current super-popular newcomer boy group Lehua Seven Sons NEXT. That night, they ignited the enthusiasm of the audience and fans with two new songs full of enthusiasm and vitality, "LUV AGAIN" and "FOR YOU". Several young idols also shared their views on action movies and paid tribute to Jackie Chan’s predecessors and all action filmmakers. Thai actor Mike brought "TAKE ME TO THE MOON" and "You Are in My Heart".

Another high-profile "group" is the "ancient and confused boy" Zheng Yijian, Chen Xiaochun, Xie Tianhua, Qian Jiale and Lin Xiaofeng who have reunited after many years. At the opening ceremony, they sang "Come and Go Together" in blood. This time, the opportunity to bring them together again is the new movieJackie Chan also participated in the film’s investment. At the scene that day, a trailer for the film was announced, and the five brothers also shared the breakthrough of the new film genre. It is reported that the film is scheduled for September 21.

　

At the end of the opening ceremony, Jackie Chan sang the song "True Hero" with all the guests, which was full of positive energy.

　

Competition Film Awards Nominations Exposed "Red Sea", "Dad" and Other Popular Films Compete

　

According to the news announced by the organizing committee, a total of 12 Chinese and foreign films shortlisted for the 4th Jackie Chan International Action Film Week, including 15 Jackie Chan classics such as 、、、、、、、、、、、。、、《 Eagle Plan, series and others, will be screened.

　

On the opening day, the Jackie Chan International Action Film Week competition film and film nomination honors were also officially revealed, including "Operation Red Sea", "The God of Pirate Cars", "Wolf Warrior 2", "Embroidery Spring Knife II: Shura Battlefield" and "Wrestling! Dad" 5 films will compete for "Best Action Film Honors", and Best Action Director will haveWang Jing,Chen SichengandWu JingFinalist;Duan YihongWu JingheAmir KhanCompeting for the honor of Best Action Actor, Best Action Actress will be held inJiang LuxiaFatima Sana Shaka andJasmine WozniakProduced within.

　

In addition, other honors include the best action director, the best fight scene design, the best action rookie and the best stunt, etc. Wu Siyuan, the chairperson of the action film week jury, will bring Michelle Yeoh, Wen Jun, Lu Chuan, Huang Xiaoming, Bai Baihe and Qian Jiale 6 judges together with 600 spectators, comment on all the shortlisted films and filmmakers, and announce all the results at the closing ceremony held on July 22.

　

The 4th Jackie Chan International Action Film Week will last from July 18th to July 22nd, and the 1905 Film Network will continue to report, so stay tuned.

According to a report by Fast Tech on May 14, Huawei is accelerating its transition to its homegrown HarmonyOS platform, which is expected to be fully adopted in the second half of this year, gradually moving away from the Android system. This major shift will be marked by the release of the Mate 70 series, which is expected to be released around September. It will be equipped with HarmonyOS Next, an optimized and upgraded version of the Hongmeng system, for the first time.

The application of HarmonyOS Next on the Mate 70 series shows significant technological progress, especially the efficiency of memory usage has been increased to three times, and the built-in artificial intelligence support means that compared with the Android system, under the same hardware conditions, the Hongmeng system can provide higher operating efficiency.

Huawei is committed to rapidly expanding the ecological application range of HarmonyOS, planning to increase the number of supported applications to 5,000 by the end of the year, and based on this, the long-term goal is to surpass the 500,000 application mark.

Huawei’s senior management has shown firm determination in this regard. On April 18, rotating chairperson Xu Zhijun emphasized that the promotion of the new operating system is one of the core tasks in 2024, and the company will further increase its strategic investment to fully promote this transformation.

In addition, it is reported that the Mate 70 will be equipped with a new Kirin processor, whose performance has been restored to the industry’s top level, adding more expectations to Huawei’s path to independent technology.

On January 10th, 2024 Geely Xingyue L (fuel) added three new models, namely comfort model, luxury model and distinguished model, with an official guide price of 137,200-155,200 yuan.

IT House noticed that the new model maintained the design style of the model on sale in appearance, while the interior was upgraded to a 12.3-inch 1920×720 high-definition digital LCD instrument panel, and the distinguished model was also equipped with a driving recorder.

In terms of body color, the new model cancels the choice of Marzies red, and the comfortable and luxurious models add the option of jade blue, while the distinguished model provides the color matching of Haoyue white and Yuandai matte gray.

In terms of configuration, the new models all adopt a steering wheel made of double-color PVC and a brown-and-white double-leather seat, and the main driver’s seat also has an electric adjustment function. In addition, the new model is also equipped with Galaxy OS 2.0 system, which uses a brand-new UI interface, improves the response speed, optimizes the system application and voice interaction, and supports super customization. The new model is also equipped with 4G in-vehicle network and Qualcomm Snapdragon 8155 chip.

In terms of power, the new models all use a 2.0T turbocharged engine with a maximum power of 160 kW and a peak torque of 325 Nm, which is matched with a 7-speed wet dual-clutch gearbox.

Today, China Hengda (03333.HK), Hengda Automobile (00708.HK), Hengda Property (06666.HK) suspended trading. As of the time of suspension, the three companies fell by 20.87%, 18.21% and 2.50% respectively.

On the news, the liquidation case of China Evergrande was re-heard in the Hong Kong High Court. The judge said that China Evergrande’s workout plan lacked progress, and the company was insolvent. It officially ordered Evergrande to be wound up, and held a hearing this afternoon to deal with the regulatory order and issue written reasons.

According to the Securities Times, a liquidation petition is a common means of debt collection under the Hong Kong legal system. The court issues a liquidation order, which declares that the company has entered bankruptcy and liquidation procedures. This means that the Hong Kong capital markets have ushered in the largest bankruptcy and liquidation of a real estate company. China Evergrande, which has debts of 2.40 trillion yuan, has been subject to creditors’ application for liquidation. In order to delay the liquidation, it has repeatedly expressed the preparation of a new workout plan. However, due to the slow progress of the workout plan, it was eventually ordered to be wound up by the court.

In fact, there are already signs that China Evergrande is about to receive a winding-up order. According to the official website of the Hong Kong Judiciary, Judge Chan Jing-fen is scheduled to hold a hearing on a potential regulatory order on the afternoon of January 29. Once such a regulatory order takes effect, it means that the court will oversee the winding-up process, which may involve the appointment of a liquidator.

The winding-up hearing has been postponed several times before

I was still trying to liquidate my debt last week

For Evergrande, the way to avoid a winding-up petition is to complete the workout. In order to win the approval of the restructuring plan, China Evergrande’s winding-up hearing has been delayed for a long time, with a total of seven delays.

The Hong Kong High Court had previously decided to postpone December 4, 2023 as the last time for China Evergrande’s liquidation hearing. However, at that time, China Evergrande was granted another extension time after the applicant suddenly said that it would not ask the court to issue a liquidation order and did not object to China Evergrande’s application for adjournment.

The winding-up order, which may be tied to the entry of new applicants, has been reported to include a winding-up petition at the hearing by a special panel of major overseas bondholders, a provisional group of creditors holding more than $2 billion in offshore notes secured by Evergrande and its backers. Industry lawyers say the move increases the chances of an immediate winding-up order.

Evergrande had been pushing for a restructuring plan to avoid liquidation. However, at the end of September and the beginning of October 2023, with Evergrande Real Estate and Xu Jiayin being investigated successively, China Evergrande could not meet the eligibility for the issuance of new bills, resulting in the failure to implement the restructuring plan that all parties had been working hard to promote. Since then, Evergrande has not disclosed a new workout plan.

China Evergrande tried to come up with a last-minute workout to avert a possible imminent liquidation before a liquidation hearing at the end of December. The plan is understood to include converting some of the debt held by foreign creditors into equity in the company and two Hong Kong-listed subsidiaries, and repaying the remainder with non-tradable "certificates" backed by foreign assets. However, creditors are widely seen as unlikely to accept Evergrande’s new plan, given the low likelihood of debt recovery and growing concerns about Evergrande’s future.

Just a few days ago, on January 25, the company also announced the sale of the interests of a project company. According to the announcement, Hengda Real Estate Group Guangdong East Co., Ltd. (the transferor), a subsidiary of China Evergrande, signed an agreement with (among others) the transferee, Shantou Hengyao Real Estate Development Co., Ltd., the transferor will transfer its 65% interest in the project company (Shantou Hengming Real Estate Development Co., Ltd.) to the transferee for a total consideration of 137.60 million yuan. As part of the transaction, the project company will forgive part of the debt of the transferor and its contacts to it, amounting to 376 million yuan. In the announcement, Hengda stated that the sale will revitalize the group’s projects, promote the resumption of work and production of the surviving projects, and protect the legitimate rights and interests of project investors, creditors, and homebuyers.

China Hengda recently disclosed that as of the end of November 2023, Hengda Real Estate involved a total of about 316.391 billion yuan of unliquidated maturing debts; at the end of October this figure was 301.363 billion yuan. In addition, as of the end of November 2023, Hengda Real Estate overdue business tickets accumulated about 2055.37 billion yuan.

In terms of litigation, as of the end of November 2023, Hengda Real Estate had a total of 2053 pending proceedings with a target amount of more than 30 million yuan, and the total amount of the target amount was about 490.069 billion yuan; at the end of October, these two figures were 2002 and 470.755 billion yuan respectively. During November 2023, Hengda Real Estate added 101 pieces of information to be executed compared with the end of October, and the total amount of new executions was about 13.048 billion yuan.

Evergrande real estate 2022 annual report shows that the company’s total liabilities 1.833819 trillion yuan, total assets 1.468557 trillion yuan, has been insolvent.

Hengda Sean: I have done my best, I am very sorry

According to the 21st Century Business Herald, in response, China Evergrande Executive Director, CEO, and Evergrande Group Executive President Sean responded that the Group and China Evergrande have made every effort to defend the petition for overseas liquidation. Previously, the Group supported and urged China Evergrande and its advisory team to continue to conduct comprehensive and in-depth exchanges with various creditors, adhere to the principles of marketization, rule of law, and internationalization to treat domestic and foreign creditors fairly, actively promote overseas workouts, and maximize and fairly protect the maximum interests of domestic and foreign creditors based on the actual situation of the company.

Sean said that although we have been working towards repairing and improving asset value and business vitality, objectively, the group’s operation is facing huge difficulties, resources are extremely limited, and the preliminary voting of creditors has not met expectations. Hengda Real Estate has been investigated by the China Securities Supervision Commission, and the group’s actual controllers have been taken compulsory measures according to law for suspected illegal crimes. The company also believes that it cannot meet the relevant legal conditions for key aspects of overseas workout. These circumstances make various uncertainties continue to intensify, so that the workout plan is ultimately difficult to implement. Today’s court ruling is contrary to our original intention. We can only express our best efforts and regret for this.

Next, the Group will face difficulties and problems, take all legal compliance measures, and steadily promote the normal operation of the Group’s business on the premise of protecting the legitimate rights and interests of domestic and foreign creditors.

Sean stressed that the subject of the overseas liquidation order issued by the court this time is China Evergrande, which is listed in Hong Kong. At present, the management and operation system of Evergrande Group and other domestic and foreign subsidiaries as independent legal entities remains unchanged. The group will still strive to do everything possible to ensure the stability of domestic business and operation, steadily advance key tasks such as guaranteeing the delivery of buildings, and maintain the quality of property services. It will still make every effort to ensure the smooth progress of risk resolution and asset disposal. It will still try its best to advance all work fairly in accordance with the law.　

Liquidation or impact on foreign assets

Expert: Guaranteed building has legal protection

According to the HKFC, under the relevant laws of Hong Kong, the court may issue a winding-up order against a company once it is satisfied that one of the requirements set out in section 177 (1) of the Companies Winding-up Ordinance (including the company’s insolvency) has been met. The court will take into account the wishes of the creditors and the principles of justice and fairness.

During the compulsory winding-up period, all proceedings against the company and actions by creditors are automatically suspended unless the court grants permission for such proceedings to begin or continue. In addition, the powers of the directors will be suspended, while the court-supervised liquidator will be responsible for recovering and realising the company’s assets, investigating the company’s affairs, adjudicating creditors’ claims, and distributing to creditors from the winding-up estate. Once the company is wound up, the liquidator will apply to the court to release the liquidator from liability and dissolve the company.

According to the Daily Economic News, a senior lawyer said that the liquidation of China Evergrande will not directly affect the domestic subsidiaries of Evergrande Group in the short term, such as the most concerned Hengda Real Estate. The bankruptcy liquidation of China Evergrande will not directly lead to the bankruptcy of Hengda Real Estate. At most, the equity of Hengda Real Estate held by China Evergrande may be disposed of during the bankruptcy liquidation process.

In addition, within the territory, home buyers have the statutory "super priority" according to law. On April 20 last year, the Supreme People’s Court issued the "Reply of the Supreme People’s Court on the Protection of Consumer Rights of Commercial Housing" (Fa Shi [2023] No. 1) (referred to as the "Reply"), which makes it clear that if a consumer of commercial housing purchases a house for the purpose of living and has paid the full price, and claims that his claim for the delivery of the house has priority over the right to payment for the price of the construction project, the mortgage and other claims, the people’s court shall support it. At the same time, the Supreme People’s Court also pointed out that in the case that the house cannot be delivered and there is no possibility of actual delivery, if the consumer of commercial housing claims that the right to return the price has priority over the right to payment for the construction project price, the mortgage and other claims, the people’s court shall support it.

According to the 21st Century Business Herald, a legal expert familiar with the situation said that, in general, as long as the debt risk is resolved in accordance with the law and regulations, the guaranteed building is guaranteed by law, which is the saying that "the sky cannot fall". The court’s ruling means that although China Evergrande has made every effort to defend the liquidation and promote the workout, it is still being liquidated due to its long-term accumulation of serious defects, and may eventually lead to the dissolution of the overseas company. Although there are still cases in history that the company can try to revoke the liquidation order by restarting the workout procedure under the leadership of the liquidator, the current probability for China Evergrande is only theoretical.　

"A fair, ordinary and objective view of China Evergrande’s liquidation"

　

Start, speed up, park…

Lu Zhaoming, an associate professor at Beijing University of Posts and Telecommunications, was sitting in a test vehicle in a parking lot 12 meters underground in the Xiongan New Area. He kept an eye on the position cursor on his mobile phone.

The test vehicle uses "5G + Beidou" positioning and navigation technology.At present, this technology has been demonstrated in Xiongan underground for more than 500,000 square meters, with a positioning accuracy of 2 meters, and the construction cost is only half of the traditional underground navigation technology.

Inspired to channel signals from the sky into the ground

Today, ever-advancing navigation technology makes people’s lives more and more convenient. But many people also have the experience that once they enter a building below the ground, the reinforced concrete will block the navigation signals such as Beidou "clean".

At the beginning of the planning of Xiongan New Area, it was proposed to build "an underground city".This includes about 380 kilometers of underground integrated pipe corridors and over 22 million square meters of underground parking. The precise management of the "underground city" requires high-precision positioning and navigation, and requires new technology and low cost, which can provide replicable samples for other urban construction.

"We compared all kinds of existing technical solutions, and the investment cost became an insurmountable’roadblock ‘," Zhang Qiang, secretary general of the Xiongan New Area Smart City Innovation Federation (hereinafter referred to as the "Innovation Federation"), told the Science and Technology Daily reporter. At the beginning of research and development, as the lead organizational unit for the research and development of underground navigation technology, the Innovation Federation tried almost all mature technical means –

Deploying Bluetooth point beacons in the basement has high construction costs and high operation and maintenance costs;

The addition of Beidou navigation base station indoors cannot afford the high cost of equipment.

Using WiFi positioning requires not only deploying WiFi access points, but also investing in a new network…

Is there a low-cost and effective technical route? Zhang Qiang and the project team members sat around and kept "brainstorming". Proposals, discussions, collisions… More than a week has passed, and there is still no solution.

One evening, the three members of the project team who had discussed nothing stood on the side of the road unhappily. Suddenly, an idea came to Zhang Qiang’s mind: Why can’t we "use local materials" and borrow existing communication facilities – 5G indoor distribution system?

The indoor distribution system is not mysterious, it is a small antenna that looks like a "small mushroom head" that people often see in the corridor or at the door of the house. In 2020, the Ministry of Industry and Information Technology made it clear that 5G indoor signals should be jointly built and shared. Telecom operators uniformly "mix" various signals into the key equipment – the combiner, and the standard 5G indoor signal is then distributed to each "small mushroom head" by the combiner. However, these "small mushroom heads" can only provide communication protection, not positioning and navigation.

"By the way, receive the Beidou signal and forward it with the help of the’little mushroom head ‘!"

This idea made everyone suddenly enlightened. Lu Zhaoming, who was invited to participate in the project team, recalled that in the past, everyone just made a fuss about communication, and no one thought of it.The combination of Beidou signal and 5G indoor distribution system has opened a new door for underground high-precision positioning and navigation.

"That night, I looked at the night sky, and the shadowy Big Dipper was particularly charming." Zhang Qiang said.

Breakthrough algorithms to achieve accurate underground positioning

Walking into the corridor on the sixth floor of the third teaching building of Beijing University of Posts and Telecommunications, Lu Zhaoming pointed to the line above his head and told reporters: "The experimental demonstration of ‘5G + Beidou ‘is carried out here."

The idea of fusing Beidou signals into a 5G indoor distribution system sounds simple, but the implementation process is full of challenges.

The first challenge is how to introduce the Beidou signal underground.In the 5G indoor distribution system, the three telecom operators’ respective 3G/4G/5G and other multi-channel communication signals are transmitted. If a Beidou signal is added, the original communication signal may be interfered, causing the mobile phone to be unable to talk and surf the Internet normally.

"At the beginning, there was nothing I could do. I could only start by analyzing the intermodulation interference model of the two signals and find the fusion algorithm of the signals." Lu Zhaoming said,Communication and Beidou are two types of signals, but they are not mutually incompatible "enemies".The team members calculated the filtering and power parameters required for the Beidou signal to be imported into the 5G indoor distribution system, and then successfully introduced the Beidou signal into the underground through the shared link transmission of broadband multi-channel signals.

The problem of Beidou signal introduction is solved, and the problem of navigation and positioning accuracy emerges.The accuracy of using Beidou signals for positioning outdoors is about 10 meters, but this accuracy is far from enough in the underground environment. Because the distance between two adjacent intersections in the underground parking lot is often less than 10 meters, if the accuracy is not improved, the positioning and navigation will inevitably be wrong.

"This problem has puzzled us for more than a year. During that time, we tried more than 100 different types of algorithms, but the positioning accuracy was not ideal." Lu Zhaoming said that one day, during testing, he accidentally discovered that the wireless reflection environment of Beidou signals in space has static characteristics, which can be used to build data models and provide more location observation sources.

Although the single information of each end point in the parking lot is not accurate, the multi-party information is collected together, and the positioning results will become more and more accurate through the continuous collaborative calibration of the data model.The positioning and navigation strategy was upgraded from "individual combat" to "multi-end point cooperative combat", and a set of positioning algorithms with independent intellectual property rights was born.

In June 2022, in the underground parking lot of Xiongan New District, when Lu Zhaoming saw the positioning cursor move step by step on his mobile phone screen for the first time, he jumped up excitedly.

"This proves that our positioning algorithm and scheme works in actual scenarios!" Lu Zhaoming said.

Pioneering equipment, twisting the "bull’s nose" of independent innovation

In Xiongan New Area, the reporter took a car through a downhill "entrance" and "plunged" into the underground parking lot of Xingqiuyuan in Rongdong District. The navigation map on the mobile phone switched instantaneously, and the arrow guided the vehicle to find the parking space accurately.

In the parking lot, there was neither intricate wiring nor communication equipment crawling all over the wall. There was only a computer room less than 10 square meters at the corner of the passage, and a large amount of equipment was "hidden" here.

"We are’underground workers’," Chu Xinghe, a postdoctoral fellow at Beijing University of Posts and Telecommunications and a member of the project team, told reporters with a smile. Since the experimental verification, the R & D team has spent more than a year debugging and improving equipment underground.

"Here, you must not’judge things by their appearance ‘." Chu Xinghe introduced,Although only a few small boxes are placed on the wall of the computer room, they are like the "heart" of the underground navigation system.The combiner, 5G indoor distribution unit, and Beidou indoor distribution unit rely on these core devices to successfully import Beidou signals and send out positioning signals.

Among these devices, the Beidou indoor distribution unit is the first in the world.The Beidou satellite signal comes to the ground from an altitude of more than 20,000 kilometers, and the signal strength is extremely weak. If it is introduced into the underground computer room, the signal strength will be further attenuated. The project team innovatively developed the receiving module of the Beidou indoor distribution unit, which can amplify the Beidou signal, support feeder transmission up to 1 kilometer, and introduce high-quality signals into the ground.

"The core components in the unit have completely independent intellectual property rights. It can filter the complex signals received layer by layer, remove useless signals, enhance useful signals, and block malicious attack signals to ensure navigation safety." Chu Xinghe said.

In May this year, the Supreme Leader General Secretary pointed out during his inspection of Xiongan New Area that efforts should be made to build a three-dimensional comprehensive transportation network, make full use of underground space, and strive to create a future city without "urban diseases", and truly turn a high-standard urban planning blueprint into a high-quality urban development reality picture.

"In 2025, the ‘5G + Beidou ‘navigation will cover all the built underground parking lots in Xiongan New Area, truly realizing the navigation of’an underground city’."Looking to the future, Lu Zhaoming was full of expectations, "We hope that this technology will be applied to more scenarios such as mining areas, transportation hubs, terminals, etc., and play a greater role in making full use of underground space!"