Cctv newsOn the evening of 25th local time, a snowstorm started from southern Wyoming and headed for central Colorado. At present, the snowfall has exceeded 30cm, and the gust speed has reached 72km/h.. Up to now, this winter storm has caused hundreds of flights to be cancelled at Denver International Airport in Colorado, and more than 1,000 passengers stayed overnight at the airport. Another interstate highway was closed due to snowstorm.

　　According to the National Weather Service, the storm will then cross Nebraska and Kansas eastward, bringing 15.2~30.5 cm of snowfall to the areas along the way. At the same time, the National Weather Service also said that another snowstorm, which started on the night of 26th local time, is expected to bring heavy snow to parts of the northwest Pacific coast and reach the snowstorm level in Oregon and northern California. As two snowstorms occurred during Thanksgiving, it is expected to disrupt the plans of tens of millions of Americans to travel during the Thanksgiving holiday. (CCTV reporter Xu Wei)

　　The benchmark interest rate for provident fund loans is 3.25%, which is a better choice.

　　The mortgage interest rate is lowered, and the cost of buying a house is reduced.

　　On May 20th, the central bank lowered the quoted market interest rate (LPR) of loans over five years by 15 basis points to 4.45%, which is the largest adjustment of LPR over five years since the establishment of the LPR mechanism in 2019. The data shows that, as far as the current mainland interest rate level is concerned, it is currently at a relatively low historical level. The adjustment of mortgage interest rate means that the monthly supply amount is reduced and the cost of buying a house is reduced. According to industry insiders, there are many things to pay attention to in the downward stage of interest rates, whether to buy a home or not, and how to apply for a more favorable mortgage interest rate.

　　Text/Figure Guangzhou Daily All-Media Reporter Liu Liqin

　　Pay attention to the agreed time line for handling loans when waiting for preferential interest rates.

　　Recently, with the downward adjustment of mortgage interest rate, the market is also undergoing subtle changes.

　　Miss Zhao recently bought a house to improve her residence. After paying the down payment, she negotiated with the sales department to apply for a mortgage. She found that there were many banks on site to provide consultation. One bank said that she could apply for a mortgage interest rate of 5.0%, while the other bank said that according to her stable work and strong income and repayment ability, she and her husband were confirmed as high-quality customers of the bank and could apply for a loan of 4.8%, that is, LPR plus 20 basis points.

　　Miss Zhao immediately decided to choose a bank offering a more favorable interest rate to handle the mortgage loan, but in the process of handling it, the LPR for more than five years was lowered to 4.45%, so the mortgage interest rate of Miss Zhao was finally set at 4.65%.

　　In fact, since the mortgage was loosened in November 2021, in the past six months, the national mortgage interest rate has dropped by more than 50 basis points, and some cities have dropped by 100 basis points.

　　The mortgage interest rate changed quite rapidly in May. As of May 28th, the average interest rate of the first home loan and the second home loan in 32 key first-and second-tier cities monitored by Kerui was 4.5% and 5.2%, respectively.

　　[suggestion]

　　Faced with the downward trend of mortgage interest rate, industry insiders said that buyers often communicate with several banks to choose banks that offer more favorable interest rates according to their own work income and repayment ability.

　　It should be noted that there is a certain time lag between the mortgage interest rate policy and the bank’s implementation, which also has an impact on some ongoing transactions. Recently, some property buyers have chosen to suspend the loan approval process and re-apply for more favorable interest rates in the face of lowered interest rates. Need to be reminded that buyers need to pay attention to the mortgage processing time agreed in the purchase contract. If the application time is too long to obtain interest rate concessions, there may be a breach of contract and losses. Therefore, it is best to confirm the approval time with the bank.

　　How many times can the couple borrow the provident fund?

　　Compared with commercial loans, the benchmark interest rate of provident fund loans is 3.25%, which is naturally a better choice. It is the third time for Mr. Li’s family to buy a house. Both of the two properties purchased in the early years used provident fund loans, one of which has been sold and the remaining one has been settled. Hearing that the provident fund can be used twice, Mr. Li was very surprised. Using the provident fund loan to buy a house again can save a lot of interest.

　　According to "Guangzhou Provident Fund Personal Housing Loan Measures", each paid employee can use provident fund loans twice, and the number of family housing units is "recognized" and "recognized", and differentiated down payment and interest rate policies are implemented. Then both husband and wife have paid the provident fund, how many times can they borrow it?

　　Mr. Li told reporters that they only knew through inquiry that one of the two previously purchased suites used his wife’s name to apply for provident fund loans, and the other was jointly applied by the two. After paying off the loan, Mr. Li still has a place to use the provident fund loan. This time, Mr. Li applied for a provident fund loan of 600,000 yuan.

　　The reporter consulted the Guangzhou Housing Provident Fund Management Center and learned that the husband and wife can theoretically borrow up to four times, but from the specific situation, some families do not need to borrow many times. Mainly depends on the family’s real estate and loan situation at the time of application.

　　If the husband has bought two suites, but he and his wife have never used the provident fund, he can still apply for provident fund loans twice as long as he sells both suites and has no real estate in the family name. If the loans of the two suites are paid off and sold, he can borrow again in the name of his wife.

　　The single-person provident fund loan amount is 600,000 yuan, and the double-person loan amount is 1 million yuan. In actual application, many people apply together in the name of husband and wife, so they can’t have four chances.

　　[suggestion]

　　Property buyers who have used provident fund loans can check the quota of provident fund loans through banks or provident fund management centers when applying for loans. If there are still quotas, they can use them as much as possible.

　　Whether it is cost-effective to repay the mortgage in advance needs comprehensive consideration.

　　Due to the downward trend of mortgage interest rate, the mortgage interest rate approved by some property buyers has been high. Even if the LPR is lowered, the plus point is unchanged. How to deal with it? Some people will choose to repay the loan in advance.

　　According to the social financing data released by the People’s Bank of China in February and April, the newly-increased medium-and long-term loans of residents are negative, which shows that some people are actively choosing to reduce their liabilities. At the same time, at the end of April, many banks lowered their deposit interest rates. Taking the four major state-owned banks as examples, they lowered the interest rate of three-year fixed deposits from 3.25% to 3.15%, and the interest rate of three-year certificates of deposit from 3.25% to 3.15%. Savings have increased, while the rate of return on low-risk assets has gradually declined, which has increased residents’ willingness to repay their mortgages in advance.

　　In the case that the approved mortgage interest rate is higher than the current mainstream interest rate, can I choose to repay the loan in advance?

　　According to the test case of Founder Securities Research Institute, in the upward cycle of real estate, if you buy a house in 2018 with a relatively high mortgage interest rate, you apply for a commercial loan of 1 million yuan, the loan period is 30 years, and the mortgage interest rate is 5.7%, and the first repayment is made in October 2018. If you choose to pay it off in one lump sum in October 2022 after four years of repayment, you will finally pay 949,400 yuan in the form of equal principal and interest.

　　If this 949,400 yuan is used for financial management, the annual income can reach 28,500 ~ 38,000 yuan with a yield of 3% ~ 4%. In contrast, the financial return rate is above 3.5%, so it is not cost-effective to repay in advance, and it is even more difficult to ensure that it is cost-effective at other times.

　　[suggestion]

　　According to insiders, due to different interest-bearing methods, it is not possible to simply compare the financial yield with the mortgage interest rate to measure whether it is cost-effective for residents to repay loans in advance, but to analyze specific problems. In addition to the mortgage interest rate and financial yield, it also needs to be evaluated by many factors such as repayment time, repayment method and repayment period.

On December 28th, some bloggers exposed more spy photos of M8, a brand-new model in the world, mainly showing the tail shape of the new car. According to the picture, the tail of the M8 is designed with a penetrating taillight, and the light strip forms a linear effect after lighting. After careful observation, we can find the overall outline of the taillight module, which is similar to the taillight shape of Jiejie M9. It is expected that Jiejie M8 will adopt the same design of Xinghe headlight as M9.

Later this month, the spy photos of the front face of the M8 were also exposed. This model uses a dark red body color scheme, with a rounded front face and split headlights, which continues the family-style design style. Although the pictures of the side and back of the vehicle are not clear, it can be seen that the design of the door handle is relatively flat, and it is expected to adopt a semi-hidden design.

According to previous reports, HarmonyOS Zhixing plans to sell more than 10 models next year, including the M5, M7, M8 and M9. Enjoy the extended range power version of S9, and the models are divided into extended version and travel version; Wisdom S7, r7; Zunjie S800 and the second model of Zunjie. According to the report, as a brand-new model, the Wenjie M8 will be launched in the first half of 2025, and one of its benchmarking roles is the ideal L9.

The exposure of spy photos of the M8 in the world of inquiry not only attracted great attention from the industry and consumers, but also indicated the further expansion of the brand of inquiry in vehicle layout. With the launch of M8, the product line of the brand will be more abundant, providing consumers with more choices. At the same time, the listing of the M8 will also intensify the competition in the medium and large SUV market, especially the competition with the ideal L9 equivalent model.

A few days ago, overseas media once again exposed the latest rendered pictures of a new generation of BMW 3 Series models. The new car is scheduled to debut in 2026 and will be put on sale in 2027. At the same time, a new generation of domestic 3-Series models is expected to be launched one after another in the same year, and the size will be upgraded and optimized, which is more advantageous than the current G chassis series models. The main competitors at the same level include mercedes benz c-Class, Cadillac CT5 and the upcoming A5L models.

According to the introduction of overseas media, BMW’s new generation of 3-series models will adopt many design elements of the current 5-series models, and the head is equipped with a brand-new LED headlight group. The two sides of the car body adopt the same design of 5-series models and provide hidden door handles. The rear part of the car is also equipped with a 5-series LED taillight group, and the hidden exhaust layout is selected below.

In terms of power, BMW’s new generation 3 Series fuel version will continue to be built on the CLAR platform, and 2.0T and 3.0T turbocharged models will be launched simultaneously for consumers to choose, and all of them will be adapted to the 48-volt light mixing system. The original M340i model will also be renamed M350i, the transmission system will be matched with the 8-speed automatic manual transmission, and some models will also be adapted to the four-wheel drive system. The new BMW i3 model will be built based on the new Neue Klasse architecture platform, and the single-motor and dual-motor four-wheel drive models will be launched simultaneously for consumers to choose, and the M3 pure electric model is also expected to be the first to be launched in 2025.

1905 movie network news People are never short of police comrades who "cut the demon and get rid of the demon" all the way like "Monkey King". Song Rukun, the Weifang Public Security Bureau, has been fighting in the front line of criminal investigation to crack down on serious violent crimes since he joined the company in 1997. He has participated in the organization and detection of more than 220 serious criminal cases and arrested more than 2,000 criminal suspects in various criminal cases, playing an indispensable and key role in detecting a series of serious and serious cases such as intentional homicide, kidnapping and robbery.

There is also such a "Sun Dasheng" in a movie to be released on December 21st. In the trailer of the "Demon-slaying and Demonizing" version, Sun Dasheng, a criminal justice policeman played by Wang Qianyuan, took the "the Monkey King" key chain in his hand and comforted the children whose father was bullied by evil forces in the canteen: "Uncle, it’s the police who specialize in catching bad guys." The next part of the trailer shows standing up for justice,

Sun Dasheng, who "killed the demon" all the way: In the old garage, facing the vicious gangsters with sticks, Sun Dasheng responded tactfully, flew over the car to avoid pursuit and fought fiercely with the gangsters; On the rooftop, on the way to hunt down Zhao Tai, a sinister rich second generation played by Bao Beier, he was violently blocked by Zhao Tai’s bodyguards, and Sun Dasheng mercilessly grabbed the gangster’s head and gave him a beating; In the square, Zhao Tai had no way to escape, but still insisted on resisting arrest. Sun Dasheng stepped forward to fight for his life, and he must carry out the "demon-cutting and demon-removing" to the end!

Those powerful "monsters" are not "big shots", but "big shots" should be those police comrades who "cut off demons and get rid of demons" all the way. It is precisely because these people’s policemen like Sun Dasheng fight to the end for justice and evil forces that people can enjoy a peaceful and harmonious life with peace of mind. I also hope that the police uncles can protect themselves and pay tribute to the people’s police in the process of eliminating evils!

　　On the afternoon of March 30th, the 2022 excellent network audiovisual works selected by the State Administration of Radio and Television were announced at the 10th China Network Audiovisual Conference. As a comprehensive selection activity for the whole industry, the "National Excellent Network Audio-visual Works Selection Activity" aims to play a leading role in demonstrating excellent network audio-visual works, better meet the new expectations of the people for a better audio-visual life, and gather together the majestic power of struggling for a new era and forging ahead in a new journey.

　　中央广播电视总台央视网共10部作品入选，分别是特别节目《最高领袖与乡村振兴的故事》；网络综艺节目《中央广播电视总台2022网络春晚》；短视频《最高领袖擘画的现代版“富春山居图”》《家风世泽长》《跟着习主席看世界｜最高领袖“典”亮命运共同体》《2021年版清明上河图 藏了一年的彩蛋》《熊猫终极治愈行为大赏》《以梦为马》《好久不见！沉浸式重温70、80、90回不去的童年》;网络直播节目《“中国比利时两国共庆旅比大熊猫双胞胎三岁生日”主题直播》。

特别节目

《最高领袖与乡村振兴的故事》

　　党的二十大召开前夕，乡村振兴战略实施五周年之际，央视网策划推出系列时政微纪录片《最高领袖与乡村振兴的故事》(全5期)，以“山、河、湖、海”作题眼，立足中国版图，围绕最高领袖跨越山海、关心农业农村发展的足迹，展现新时代乡村振兴战略实践成果。尤其《在希望的田野上》一集，采用一镜到底的创意表达，带领观众展开一场穿越之旅，打开振兴之门，看见希望的田野。

Network variety show

CCTV 2022 Network Spring Festival Gala

　　With the theme of "youth is just right, when it is new", the 2022 Internet Spring Festival Evening at the reception desk vividly shows the youthful style and struggle story of the "net-born generation" with the expression of networking and youthfulness, and gathers youthful strength. The party will be broadcast simultaneously through CCTV-1 integrated channel and new media matrix of CCTV, CCTV news, CCTV video, CCTV finance, CCTV literature and art, etc., to achieve cross-circle communication effect.

　　The number of TV viewers reached 143 million, the number of live broadcasts of related content and new media matrix was 150 million, and the number of video broadcasts was 1 billion. It triggered 260 hot topics in the whole network, including 151 hot searches in Weibo.

short video

The modern version of "Fuchun Shan Jutu" painted by the Supreme Leader.

　　General Secretary of the Supreme Leader used the modern version of "Fuchun Shan Jutu" as a metaphor to describe the beautiful vision of rural revitalization in the new era. Based on Fuchun Shan Jutu, CCTV copied and innovated, drew a 6-meter long scroll of traditional Chinese painting, and launched a heavy micro-video, showing the rural butterfly changes under the guidance of the Supreme Leader’s New Era Socialism with Chinese characteristics Thought.

Family style is long.

　　Deze has a long history and a long family tradition. General Secretary of the Supreme Leader emphasized that "family is the first classroom in life, and parents are the first teachers of children". Xi’s family style, adhering to "keeping the family in order" and then "governing the country", comes down in one continuous line and is dedicated to the people. CCTV plans to launch "Family Style and Prosperity" and feel the general secretary’s fiery national conditions.

《跟着习主席看世界｜最高领袖“典”亮命运共同体》

　　2013年，最高领袖主席首次提出人类命运共同体的理念。如今，该理念已成为引领人类文明进步潮流的旗帜。央视网推出微视频，通过VR绘画，带领网友品读习主席阐释命运共同体理念时引用的典故，感悟其中蕴含的中国智慧。

《2021年版清明上河图藏了一年的彩蛋》

　　该片将2021年众多瞬间和元素以彩蛋的形式藏在全图，彩蛋包括人物形象、声音素材、关键物件等，据统计超过200个。彩蛋元素从二次元到三次元，从游戏、动漫、电影、热梗到时政新闻均有涵盖，正如网友评论这是最用心最贴近当代年轻人的一版年终盘点。

《熊猫终极治愈行为大赏》

　　2022年10月27日国际大熊猫日，央视网推出混剪短视频《熊猫终极治愈行为大赏》，记录整合萌宠界各大“顶流”熊猫高萌瞬间，画面更具喜感和萌感，广受海内外网友的喜爱。

《以梦为马》

　　香港回归25周年之际，央视网推出原创动画《以梦为马》，通过举世闻名的“人骑图”和“狮子玉”两匹马从北京南下香港的一路见闻，轻松幽默传播中华传统文化，进而增强文化自信，增进民族认同感。

The miniature scene freeze-frame short film | Long time no see!Immerse yourself in reliving the childhood that you can’t go back to in 70, 80 and 90.

　　The so-called growing up is a journey with no return. In order to welcome the arrival of Children’s Day in 2022, CCTV and the post-1995 miniature landscape creators spent two months recreating the childhood scenes of three generations with a scale of 1:20, and launched a creative miniature scene stop-motion short film "Long time no see! Immerse yourself in reliving the childhood that you can’t go back in 70, 80 and 90.

Webcast program

"China and Belgium celebrate the third birthday of the giant panda twins".

　　On the occasion of the 51st anniversary of the establishment of diplomatic relations between China and Belgium, CCTV Panda Channel, together with many authoritative organizations, launched the world’s first live broadcast of the theme of "China and Belgium celebrate the third birthday of the giant panda twins", and the overseas connection for the celebration of the giant panda’s birthday caused a topical discussion, which set a new high in the live broadcast effect of the overseas account of Panda Channel in 2022. This live link between China and Belgium shows a colorful and vivid image of China, and promotes cultural and cultural exchanges between China and Belgium.

　　Guided by the spirit of the 20th National Congress of the Communist Party of China, CCTV, the General Station of Central Radio and Television, will always take innovation as the main theme, vigorously promote the integrated communication of "thought+art+technology", and strive to create more excellent network audio-visual works with both positive energy and large flow, serving the country’s governance, a better life and economic and social development.

In March 2021, when the financing was announced, media reports showed that there were more than 1 million riders in the flash.

Just over three years later, the flash prospectus shows that there are 2.7 million registered riders, an increase of nearly 1.7 million.

However, during this period, the revenue of flash delivery only increased by about 50%, far less than the growth rate of riders.

The result can only be the compression of delivery time and the decline of revenue per order.

Just needed, small track

Express delivery, logistics, take-out and instant delivery are essentially the exchange of money and time. It takes some people’s time to help others complete time-consuming and labor-intensive things.

Express delivery and logistics are long-distance delivery, take-out is short-distance delivery, and running errands and the same city are in between. Flash is located on this track. Because Dada occupied the "first share of instant retail" and SF City became the "first share of third-party instant delivery", Flash delivery had no chance to become the "first share", so it was necessary to emphasize its uniqueness, so it became the "largest independent on-demand delivery service provider".

The so-called on-demand courier service is one-to-one express delivery, and the flasher only serves one customer at a time from picking up to delivery, and delivers it point to point. In this mode, flash has several core advantages.

First of all, one-to-one service, each important document has a direct person in charge, and there are almost no problems such as lost parts and damage. The flash prospectus shows that in 2023 and the first half of this year, its loss rate is very low, only 0.01%.

Secondly, compared with other distribution, one-to-one service naturally costs more. According to the prospectus, customers are willing to pay a high price for the service experience. According to iResearch, the average price per order in the first half of the year was 16.5 yuan, which is a significant premium compared with other major participants in the on-demand distribution industry.

Third, just need. In the case of safety requirements, one-to-one distribution is naturally more secure than centralized distribution, especially for items with strong timeliness and great importance. For first-tier cities, although such scenes do not often appear in work and life, most people will have demand more or less.

The story of "saving" the marriage between Justin and Zhang Xinyi is often mentioned. In 2016, Zhang Xinyi and Justin will hold a wedding in Germany. At the airport, because Zhang Xinyi forgot to bring his mobile phone and wedding veil, thanks to the timely delivery of the younger brother, the trip was not delayed. This aspect reflects the value of instant delivery.

According to the prospectus, on this track, flash has occupied 33.9% market share. However, this is not a big track. In 2023, the revenue of flash delivery was 4.5 billion. From this calculation, the whole market was only 13.2 billion, and it was a small track with a very obvious ceiling.

Focus is the key to the success of flash.

The flash startup team lacks "star flavor". Founder Xue Peng graduated from the School of Science of North China University of Science and Technology in 2005, majoring in information and computing science, and then went to the Royal holloway College of University of London to study for a master’s degree. He has very little information. It is reported that his family conditions are good, and his family involves many enterprises such as real estate, taxis and driving schools, but this low-key "rich second generation" finally chose to start a business. In 2007, Xue Peng returned to China to start a business and founded an integrated service platform for express logistics-Easy Post.

In contrast, Kuai Jiaqi, founder of Dada Group, graduated from Massachusetts Institute of Technology. He holds a bachelor’s degree in logistics engineering from Tongji University and a master’s degree in logistics engineering from Massachusetts Institute of Technology.

However, Flash finally broke through in the fierce competition and once became the "leader" of the industry. It has successively completed 11 rounds of financing, attracting many well-known investment institutions such as Lei Junshun Capital and Jingwei Venture Capital, and Pusi Capital, a subsidiary of Wang Sicong, has also participated in the investment for two consecutive rounds.

Listing is capital.

Flash delivery has always been the main on-demand mail service, and today, it still maintains a good development situation.

According to Xue Peng’s understanding, once the city-wide real-time distribution mode from person to person forms a scale, it will form a strong competitive advantage and the entry threshold is relatively high. Flash delivery has indeed built a certain industry barrier for itself. For example, there are 2.7 million registered riders, 88.9 million users, more than 270 million orders a year, and higher customer unit prices in the industry. In terms of rider and user scale, brand awareness, customer consumption willingness, etc., flash delivery does have a good accumulation.

In terms of performance, the development of flash delivery is in good condition. The overall order volume of flash delivery keeps increasing. The orders in 2021-2023 and the first half of 2024 were 159 million, 213 million, 271 million and 138 million respectively. With the increase of orders, the revenue also keeps growing, which is 3 billion yuan, 4 billion yuan, 4.5 billion yuan and 2.3 billion yuan respectively. Under normal circumstances, it is highly probable that this year’s growth will continue to be positive, but the growth rate continues to slow down.

Flash also maintained a stable profit. In 2023, the profit was 110 million, and in the first half of this year, the profit was 120 million, which had the effect of government subsidies, but it was still profitable if this factor was excluded. In contrast, Dada Group has never made a profit, losing 600 million yuan in the first half of this year.

Cash flow has also steadily turned positive in the last year and a half. The inflow was 45.71 million yuan in 2023 and 20.67 million yuan in the first half of this year. Cash increased from 690 million in the same period last year to 710 million in the middle of this year, which has increased steadily in recent years.

As early as 2020, Flash executives said in an interview with the media that the company may go public soon. At that time, Flash was in a state of loss, and perhaps it really needed listing financing, but the financing was received in the following year, and it was profitable again in 2023. Flash has entered a relatively positive track, and the urgency of the company’s listing financing is not strong, more like listing to meet the requirements of the capital side.

In mid-2020, Dada Group became the first share of instant delivery. After more than four years, its share price has shrunk by 90%. At the end of 2021, SF Express, an independent company, went public in Hong Kong, and its share price was slightly better, shrinking by 30%.

With the previous reference, Flash was broken on the second day of listing and once fell to $11.47, which was not sought after by the market.

The problems faced by flash at this stage make the future more unknown.

Struggling 2.7 million riders

Focus is the key to the listing of Flash, but it is also the reason why Flash can’t open the situation.

There are few companies that don’t make any kind of distinction between revenues, and flash delivery is one of them. A single business is closely bound to the order volume, and the revenue will increase when the order volume is high. After 10 years of development, the on-demand courier service has entered a gentle development period, which is also the reason why there has been no financing for flash delivery in the last three years. If you want to increase orders, you need to reduce prices and expand the market.

According to the order volume and revenue, the average revenue per order in 2021-2023 and the first half of 2024 was 19.12 yuan, 18.79 yuan, 16.71 yuan and 16.55 yuan respectively. In a state of continuous decline.

In addition to price reduction, flash delivery is also increasing consumption scenarios. At first, the main scenes were urgent matters, important documents, etc. Later, Flash began to provide expedited delivery services for customers of local restaurants, flower shops and bakeries, and to distribute valuable electronic products to consumers.

The expansion of the scene will indeed increase the order volume, but as mentioned above, the space in this market is too small. Instant delivery can be divided into four categories, namely, food and beverage takeout represented by Meituan and Hungry, which is high frequency, strong demand and most valuable. Fresh home delivery and Shangchao, represented by Dada, are equally high-frequency and just needed, but to a lesser extent than takeout. The logistics in the same city, represented by SF Express, is not high-frequency, but it faces more scenes and has stronger carrying capacity. Finally, there is the running errands represented by flash, and the demand frequency is lower than other modes.

Without the high-frequency feature, flash can’t use full-time riders like Meituan and Hungry, so it can only adopt crowdsourcing mode. Therefore, there are a large number of riders, with 2.7 million riders far exceeding 1.2 million in Dada Group and 950,000 in Shunfeng City, almost reaching the scale of being hungry. But obviously, the presence of the flash rider is far lower than that of hungry.

The advantage of flash delivery is that the customer unit price is high, and there is a lot of room for operation. However, crowdsourcing riders are not loyal, and they often take orders from multiple platforms at the same time, resulting in high personnel mobility. This requires flash delivery to benefit riders as much as possible. In 2021-2022, the salary and reward paid by flash delivery will exceed 90.5% of the revenue. However, the flashing needs to be profitable, and it has to be directed at the rider. In 2023 and the first half of this year, the proportion dropped to 85.4%.

To sum up, on the one hand, it is necessary to reduce the price and increase the order, on the other hand, it is necessary to maintain a high share for the rider, and on the other hand, it is necessary to consider its own operation and reduce the cost from the rider as much as possible. According to the scale of 2.7 million riders, combined with revenue, order volume and unit price, in 2023, there will be 740,000 orders per day, generating revenue of 12.41 million yuan, and the reward allocated to riders will be 10.9 million yuan. By this year, although there are 770,000 orders every day, the reward allocated to riders is only 10.84 million, with the increase of orders and the decrease of rewards.

At the same time, the prospectus shows that in 2021-2023 and the first half of this year, the average delivery time of orders was 35 minutes, 31 minutes, 29 minutes and 27 minutes respectively, which has been compressed, and the delivery pressure of riders continues to increase.

The rider’s income drops, the pressure of order limitation continues to increase, the competition becomes cruel, and the living environment is very difficult. At the present stage, it is no problem for riders to increase their income sources, but after all, they can’t keep the platform running by squeezing riders.

Of course, rider ecology is not a serious problem, and the real challenge comes from the external environment.

Small and beautiful, false proposition

Without backing the giants, the most well-known employer is Shunwei Capital of Xiaomi, accounting for only 7.8% of the shares. Although it is known as the largest on-demand delivery service platform, the scale of flash delivery is only half that of Dada and less than 40% of that of SF. Such a "small but beautiful" platform is often difficult to maintain for a long time in China Internet market.

The so-called moat flashing is more relative to the start-up platform. At this stage, it is not a small platform that competes with flash. Meituan’s errands, hummingbirds, SF Express and Dada are all backed by super platforms, and the order volume is incomparable. These platforms are involved in the field of flash, which is just a supplement to the business. Taking SF City as an example, getting involved in the same city business is only to supplement the short-distance delivery business and improve the choice of customer unit price, which can increase the income of the courier brother, and also expand the fresh home delivery, Shangchao and even take-away business when necessary, and improve the human efficiency without harm.

Giants not only have traffic, brands, service guarantees, but also the ability to price war. Previously, SF executives in the same city mentioned that the price is expected to fall this year, and the price is its core competitiveness. There is no doubt that in the face of price war, flash has basically no ability to parry. Flash delivery has almost no counter-ability, and it can be said that it is difficult for flash delivery to enter the take-away and logistics markets.

In fact, flash delivery is in a state of being a fish. In 2021, after the D2 round of financing, the flash valuation reached 2 billion US dollars. In 2024, the Hurun Global Unicorn List, the flash valuation was 7.1 billion yuan. After listing, the market value of Flash is only $1.07 billion. The downward adjustment of the flash valuation in the capital market has already explained many problems.

Flash delivery is actually a microcosm of the economic development of the Internet platform. Small and beautiful is a false proposition. If the scale is not reached, it will be impossible to compete with the giants. We can only pray that the giants will despise the "fly legs". An action of a giant that is often completely irrelevant may directly determine the life and death of a platform.

References:

1. A single income in 16 yuan, 2.7 million riders sent to the market, source: fixed focus.

2. Before going to the US IPO, flash to deal with the "same paragraph" problem of SF. Source: Wall Street.

3. Flash IPO to the United States: the price of a single customer has been declining year after year, and the unicorn valuation is "big waist" | BUG, source: Sina Technology

　　[Press conference]

　　The diplomacy of a big country with China characteristics has opened up a new realm

　　— — The heads of relevant departments introduced the diplomatic situation of big countries with China characteristics.

　　Guangming Daily reporter Zhong Chao finishing

　　On the morning of October 20th, the 20th press center of the Party held the fourth press conference. Shen Beili, Vice Minister of the International Liaison Department of the Central Committee, and Ma Zhaoxu, Member of the Party Committee and Vice Minister of the Ministry of Foreign Affairs, introduced the relevant situation around the theme of "The diplomatic thought of the Supreme Leader guides the diplomatic development of a big country with China characteristics" and answered questions from reporters.

　　At Vientiane Station in China-Laos Railway, Laos, the flight attendants of Laozhong Railway Co., Ltd. greeted the passengers outside the "Lancang" EMU. Xinhua news agency

　　The China-Ma Youyi Bridge aided by China connects Malé, the capital of Maldives, with the airport island. Xinhua news agency

　　1. The supreme leader’s diplomatic thought has led us to open up a new diplomatic path for a big country with China characteristics.

　　Ma Zhaoxu:In the decade of the new era, the CPC Central Committee with the Supreme Leader as the core led China’s diplomacy as a big country with characteristics to forge ahead, overcome difficulties and achieve all-round and groundbreaking historical achievements.

　　First, the party’s centralized and unified leadership over foreign work has been comprehensively strengthened. The party’s overall situation and coordination of all parties’ external work have been continuously consolidated. Second, the all-round, multi-level and three-dimensional diplomatic layout is becoming more and more perfect. In the decade of the new era, the total number of countries that have established diplomatic relations has increased from 172 to 181, and the number of partnerships with countries and regional organizations around the world has increased from 41 to 113. Third, national sovereignty, security and development interests have been vigorously safeguarded. We have successively won nine so-called "countries of diplomatic relations" with the Taiwan Province authorities, and the international community’s adherence to the one-China policy has been further consolidated. Fourth, China’s international influence, appeal and shaping power have improved significantly. China’s image as a responsible big country is more deeply rooted in people’s hearts. Fifth, serving the country’s economic and social development is more powerful and effective. Nineteen free trade agreements were signed with 26 countries and regions to promote the entry into force and implementation of the Regional Comprehensive Economic Partnership Agreement.

　　The supreme leader’s diplomatic thought has led us to open up a new diplomatic path for a big country with China characteristics. The leadership of the Party is the foundation and soul of China’s diplomacy, the people are supreme is the source of strength for China’s diplomacy, independence is the fine tradition of China’s diplomacy, and the initial intention of China’s diplomacy is to care about the world. Fairness and justice are the persistence of China’s diplomacy, and courage to struggle is the spiritual character of China’s diplomacy.

　　2. The Party’s external work should be upright, innovative and pioneering.

　　Shen Beili:Since the 18th National Congress of the Communist Party of China, the General Secretary of the Supreme Leader has made a series of important expositions on the Party’s foreign work, which are an important part of the Supreme Leader’s diplomatic thoughts, profoundly answered a series of directional, fundamental and strategic questions about the Party’s foreign work in the new era, raised our Party’s regular understanding of foreign work to a new height, pointed out the direction of progress and injected strong impetus into the Party’s foreign work in the new era.

　　In recent years, the Party’s external work has been innovative and pioneering, holding a high-level dialogue meeting between the Communist Party of China (CPC) and the world’s political parties and a summit meeting between the Communist Party of China (CPC) and the world’s political party leaders, and advocating that political parties from all countries join hands to cope with the unprecedented changes in the world in the past century. We responded to the great concern of political parties in various countries and the international community for our party, and held various briefings and presentations in time after the conclusion of the party’s important meetings. Many foreign political party politicians said that the important meeting in the Communist Party of China (CPC) was "a major event that affects the world and concerns themselves".

　　We have promoted and deepened relations with the ruling parties in socialist countries, political parties in neighboring countries and developing countries, and political parties in developed countries, built various regional and global political party dialogue platforms, constantly consolidated and improved the global political party partnership, and helped deepen and expand the global partnership of equality, openness and cooperation. At present, our party maintains different forms of contact with more than 600 political parties and organizations in the world. We have provided nearly 400 foreign political parties with COVID-19 epidemic prevention, treatment and treatment programs, and provided medical materials and technical assistance to foreign political parties in need. These political parties have said that the Communist Party of China (CPC) was a timely help and "was our true friend".

　　3. Constantly create a new situation in diplomacy of a big country with China characteristics.

　　Ma Zhaoxu:The Party’s Report to the 20th CPC National Congress systematically summed up the historic achievements and changes in the cause of the Party and the state in the new era in the past ten years, scientifically sketched the grand blueprint for building a socialist modern country in an all-round way and promoting the great rejuvenation of the Chinese nation in an all-round way, and held high the banner of promoting world peace and development and building a community of human destiny, which was inspiring and inspiring.

　　The decade in which the supreme leader’s diplomatic thoughts led China’s diplomatic development was a decade in which China achieved a historic leap in its relations with the world and made a historic contribution to the international community. Under the guidance of the supreme leader’s diplomatic thought, we comprehensively promoted the diplomacy of a big country with China characteristics, firmly safeguarded international fairness and justice, promoted the construction of new international relations, actively participated in the reform and construction of the global governance system, won wide international praise, and significantly enhanced China’s international influence, appeal and shaping power.

　　On the new journey, the diplomatic front will unite more closely around the CPC Central Committee with the Supreme Leader as the core, thoroughly study and implement the spirit of the 20th Party Congress, be guided by the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, especially the Supreme Leader’s diplomatic thought, be confident and self-reliant, be upright and innovative, forge ahead courageously, constantly create a new diplomatic situation for a big country with China characteristics, and make new contributions to building a socialist modern country and promoting the great rejuvenation of the Chinese nation in an all-round way.

　　4. The international community pays close attention to the 20th Party Congress.

　　Shen Beili:The 20th National Congress of the Communist Party of China is not only an important event, an important event and a happy event in the political life of our party and country, but also highly concerned and continuously focused by the international community.

　　Political parties, politicians and people from all walks of life in various countries have sent us congratulatory letters, fully expressing their warm congratulations on the victory of the 20 th National Congress of the Communist Party of China.

　　From their congratulatory letters, we can see that they sincerely admire the style of the Supreme Leader General Secretary as a leader of a big party and a big country, and think that the Supreme Leader General Secretary "has keen insight and the spirit of taking responsibility for the times, and has made outstanding contributions to the development of China" and led China to "create the future in a way that benefits all mankind".

　　They earnestly expect the Communist Party of China (CPC) to make greater contributions to the world at a new historical starting point, and believe that the 20th National Congress of the Communist Party of China is "another important milestone in the extraordinary and magnificent historical process of the Communist Party of China (CPC)" and will surely "provide a more solid guarantee for the future development and prosperity of China and the people’s better life". The people of the Communist Party of China (CPC) and China will "continue to make greater contributions to world peace, progress and prosperity".

　　5. China actively participates in international economic cooperation.

　　Ma Zhaoxu:Since the 18th National Congress of the Communist Party of China, the General Secretary of the Supreme Leader has personally promoted the grand diplomacy of the head of state, raised the flag for the diplomacy of a big country with China characteristics, and guided the direction for a chaotic and intertwined world.

　　Not long ago, General Secretary of the Supreme Leader launched a "trip to Central Asia" and attended 31 events intensively within 48 hours, which effectively led China’s relations with relevant countries to a new level.

　　After the outbreak of the COVID-19 epidemic, General Secretary of the Supreme Leader actively carried out "cloud diplomacy", made 181 phone calls with foreign leaders and heads of international organizations, and attended 78 major foreign affairs activities by video, which gathered strong synergy for international anti-epidemic cooperation.

　　The 17th summit of G20 leaders will be held in Bali, Indonesia from November 15th to 16th this year. The G20 is the main forum for international economic cooperation. As an important member of the G20, China has always actively participated in international economic cooperation and global economic governance, and worked with all parties to promote strong, sustainable, balanced and inclusive growth of the world economy.

　　6. Promote the building of a community of human destiny with practical actions.

　　Ma Zhaoxu:The purpose and goal of China’s foreign policy is very clear, that is, to safeguard world peace, promote common development and promote the building of a community of human destiny. At present, changes in the world, times and history are unfolding in an unprecedented way. The historical trend of peace, development, cooperation and win-win is irresistible. At the same time, human society faces many unprecedented challenges. There are indeed some forces in the world who go against the historical trend, cling to the cold war mentality and zero-sum game, are keen to piece together small circles, fight a "new cold war", draw ideological lines, provoke camp confrontation, and engage in hegemony and bullying. This is the greatest threat to the world order. A divided world is not in anyone’s interest, and camp confrontation will only bring the world into a "dead end."

　　China insists on building a community of human destiny through practical actions. Under the personal leadership and promotion of the Supreme Leader General Secretary, substantial progress has been made in building a community of human destiny in all fields and directions from country to region and from bilateral to multilateral. China firmly upholds the international system with the United Nations at the core, the international order based on international law and the basic norms of international relations based on the purposes and principles of the United Nations Charter, and promotes the development of global governance in a more just and rational direction.

　　The global epidemic of COVID-19 and the Ukrainian crisis further demonstrate the true significance of the concept of building a community of human destiny. We will firmly stand on the right side of history, on the side of human civilization and progress, hold high the banner of peace, development, cooperation and win-win, seek our own development while firmly safeguarding world peace and development, and better safeguard world peace and development through our own development.

　　7. Work together to contribute to the development of human civilization.

　　Shen Beili:"Non-interference in each other’s internal affairs" and "mutual learning and mutual learning" are dialectical unity, which embodies our party’s consistent position of respecting the diversity of human political civilization and promoting the progress of human political civilization.

　　"Non-interference in each other’s internal affairs" is the general consensus of political parties in various countries and the basic norm of international relations, and it is the premise for different political parties to maintain their independence. Regardless of the length of history, the number of people, the strength, and whether they are in power or not, political parties should treat each other as equals and respect each other. The choice of political system and development path is a matter for political parties and people of all countries. Our Party will not dictate the internal affairs of political parties in other countries, nor will it "export" the China model and ask other countries and political parties to "copy" our practices. At the same time, we are determined not to accept condescending and bossy preaching, and we will never copy the political system of other countries.

　　"Learning from each other" is an important driving force for the prosperity and development of human political civilization. By other’s faults, wise men correct their own. Promoting the progress of human civilization is inseparable from seeking common ground while reserving differences and learning from each other. Our party has always attached importance to exchanges and dialogues with political parties in other countries, and actively learned from and absorbed all outstanding achievements of human civilization. In the future, our party will continue to carry out in-depth exchanges of experience in governing the country with foreign political parties, jointly strengthen its own construction, enhance its governance capacity, better benefit the people, and work together to contribute to the development of human civilization.

　　Reference message networkReported on September 4On August 23rd, the website of Jane’s Defense Weekly published a report entitled "Army -2018" Weapons Exhibition: Russia Releases the Production Version of "Pine Tree" Short-range Air Defense System, saying that at the "Army -2018" Weapons Exhibition held in Kubinka near Moscow from August 21st to 26th, Russia publicly released the "Pine Tree" short-range mounted on MTLB multi-purpose tracked armored vehicles for the first time.

　　According to the report, "Pine Tree" is a key defense system developed by Nudelman Design Bureau, and it was also loaded on BMD-4 infantry fighting vehicle for display. The system loaded by MTLB is called "Pine Tree", but the system loaded by BMD-4 is called "Puji Tselov". The manufacturer said that the turret and the complete system were called "Pine Tree", but also said that "Pine Tree" was an export version, and the version in the Russian army was called "Duxiang".

　　This system can be loaded on other platforms according to customer requirements. The system has two crew members: the driver and the gunner. It is equipped with a set of optical sensors, including a remote thermal imager for target capture and fire control.

　　Profile picture: The "Pine Tree" short-range air defense system at the "Army -2018" defense exhibition. (Image from the Internet)

　　Profile picture: Russian 2K22 "Tunguska" self-propelled air defense system uses rapid-fire guns to fire. (Image from the Internet)

　　According to the report, the system is equipped with 12 9M340 missiles, which are installed in storage and transportation launch boxes, and there is a launch unit on each side of the turret (each unit contains 6 missiles). This layout is similar to the 9M331 missile used in the 2K22 Tunguska system, but it uses laser beam guidance instead of radio frequency control. This 38kg missile contains a large high-explosive warhead with a trigger fuse and a proximity fuse (non-trigger fuse). Each missile unit can be raised independently. These missiles have a maximum linear range of 10 kilometers and a shooting height of 5 kilometers. All missile units can be reloaded within 8 to 10 minutes, and the response time of the system from detecting the target to attacking the target is 5 to 8 seconds. The system can be launched on the move, and can attack ground targets, with limited (light) armor penetration.

　　In 2016, the Russian Army decided to purchase the "Pine Tree" system, although the purchase quantity has not been confirmed. In 2017, the missile of "Duxiang" air defense missile system passed the national test, and will replace the 9K35M3 "Arrow -10M3" system currently serving in the Russian Army (which uses 9M37M infrared guided missile).

　　"Pine Tree" system only relies on the passive infrared radiation of the target to acquire the target and carry out fire control, which, together with its hard-to-fight laser beam guidance system, makes it particularly suitable for fighting in controversial electromagnetic environment.In view of the fact that Russia has recently purchased a variety of electronic warfare equipment for ground troops, it seems to meet the requirements of Russian operational theory.

　　According to the report, although laser beam steering guidance has its advantages, it needs a launch vehicle to track and control the missile until it hits or approaches the target. This may cause the launch vehicle to be countered by enemy fire, in addition, the missile tracking system (rather than the laser beam guidance system itself) will be subject to electronic interference, and the missile will be subject to some active interference. The launch of missiles and their propulsion to cruising speed will also generate considerable electromagnetic (visible, infrared and ultraviolet) signals, which can be used by sensors on the target aircraft or vehicles to detect missile launch and prepare for defense or counterattack. (Compile/Feng Xue)

　　Poster production: Feng Juan

　　Xinhua News Agency, Tianjin, February 28th (Reporter Zhou Runjian) The "brightest" two stars in the night sky — — What is the visual feeling of Venus and Jupiter’s "romantic embrace"? Here comes the opportunity. On the evening of March 2, these two bright celestial bodies will meet at close range in the western sky and perform "Stars attract each other".

　　Dai Jianfeng, an astronomy enthusiast in Chongqing, accompanied Jin Mu in Namco, Tibet on the evening of July 5, 2015. (Photo courtesy of myself)

　　Astronomical science experts said that this is the most wonderful planetary conjunction this year, and it is also one of the astronomical phenomena worth watching this year. Because the two stars are very bright, there is no need to use an astronomical telescope, and you can enjoy this wonderful scene with the naked eye.

　　Wang Junfeng, an astronomy enthusiast in Beijing, shot the golden wood in Fangshan, Beijing in the early morning of May 1, 2022. (Photo courtesy of myself)

　　Most of the time, if the sun and the moon are not counted, Venus and Jupiter rank first and second respectively among the stars visible to the naked eye. During the period from the end of February to the beginning of March this year, in the western sky in the evening, Venus, the closest to the earth, and Jupiter, the "big man" of the solar system, are gradually "approaching" and meet at 19: 00 on March 2. Visually, they are the closest. This is another close contact between the two planets after Venus and Jupiter were very close in the early morning of May 1, 2022.

　　Jin Mu’s companion moon was photographed by Guangdong astronomy enthusiast Shen Quanzhi in Lianhua Mountain, Panyu, Guangzhou on the evening of February 22, 2023. (Photo courtesy of myself)

　　Yang Jian, an astronomy enthusiast in Tianjin, accompanied Jin Mu in Nankai, Tianjin on the evening of February 25th, 2023. (Photo courtesy of myself)

　　Xiu Lipeng, a member of the Chinese Astronomical Society and an expert in astronomical science, said that the astronomical phenomenon of Venus and Jupiter at close range is not uncommon, and it has occurred almost every year in recent years. Although the frequency of occurrence is high, it is not always suitable for public observation in China. This is because when they coincide, they are sometimes too close to the sun, sometimes occur in the daytime or early morning, and sometimes "fall" in the southern hemisphere, which makes observation difficult or impossible.

　　Cartoon production: Hu Yanzhu

　　This coincidence occurred in the evening, and the time period was very friendly, which was just suitable for observation in China. At this time, the brightness of Venus is -3.9, Jupiter is -2.1, and the angular distance between the two stars is only 33 seconds, which is similar to the apparent diameter of the full moon (0.5 degrees). At sunset, the horizon height of Venus and Jupiter reaches 28 degrees, and the observation time is nearly 2 hours. Because these two planets are very bright, even in cities with serious light pollution, they can be easily captured with the naked eye.

　　Dai Jianfeng, an astronomy enthusiast in Chongqing, accompanied Jin Mu in Yuanmou Tulin, Yunnan on the evening of February 17th, 2023. (Photo courtesy of myself)

　　"Because Venus is closer to the sun and the earth, it runs faster, while Jupiter is farther away from the sun and the earth, and its running speed is slightly slower, so after this conjunction, these two planets will ‘ Go their separate ways ’ It seems to be drifting away. If we can shoot them at the same time every day during this time, we can find that their trajectory is a ‘ X’ Form. " Xiu Lipeng said.