gzxq

[trend of individual stocks]

May 20-May 24

Last week, the S&P 500 rose 0.03%, the Nasdaq Composite Index rose 1.41% and the Dow Jones Industrial Average fell 2.33%.

Baidu’s US stocks fell 9.31% last week.Last week, the total turnover was 1.602 billion US dollars. As of last week’s close, the US stock price was 100.28 US dollars. The cumulative monthly decline of US share capital is 3.02%, this year’s cumulative decline is 15.79%, and the cumulative decline in the past 52 weeks is 20.46%.

Last week, the Hang Seng Index fell by 4.83% and the Hang Seng Technology Index fell by 7.61%.

Baidu Group -SW Hong Kong stocks fell 11.72% last week.Last week, the total turnover was HK$ 5.324 billion. As of last week’s close, the stock price of Hong Kong stocks was HK$ 97.90 and the market value was HK$ 274.628 billion. Hong Kong stocks fell 6.49% this month, 15.68% this year and 15.97% in the last 52 weeks.

[Company comparison]

[Related News]

Xiaodi will release the world’s first Baidu Wenxin model learning machine.

According to Weibo, the official website of Xiaodi Xiaodi, a new product launch conference of Xiaodi learning machine will be held online at 19:00 on May 27th, which will release the world’s first Baidu Wenxin large model learning machine and redefine "AI teacher".

Li Yanhong: Application drives the rapid development of AI in China.

On May 22nd, at the main forum of "VivaTechnology" held in Paris, France, Li Yanhong, founder, chairman and CEO of Baidu, talked with MauriceLevy, chairman of the board of supervisors of Publicis Group, saying that the biggest difference between China AI and the West is the application. There are hundreds of basic models in China, but people are increasingly discussing what is the super application in the AI era. He said that applications have driven the rapid development of AI in China. (Baidu)

The first agent ecology conference in China, the 2024 Baidu Vientiane Conference is scheduled for May 30th.

The 2024 Baidu Mobile Eco-Vientiane Conference will be held in Suzhou on May 30th. The theme of this conference is "Making Agents Available to Everyone". It is reported that this is the first agent eco-conference in China. Baidu mobile eco-business such as Baidu Search, Baidu Library, Wenxin Agent Platform, Baidu APP, ERNIE Bot APP and Baidu E-commerce will launch various new functions and services based on the big model at the conference. (Sina)

Baidu’s two main models announced free.

The two main models of Baidu Wenxin model, ENIRE Speed and ENIRE Lite, are completely free and take effect immediately. (Baidu)

Baidu antigen-antibody structure prediction model is far more effective than AlphaFold3.

According to Baidu AI, in the research and development of antibody drugs and polypeptide drugs, the prediction of antigen-antibody and polypeptide protein complex structure plays a vital guiding role, and its accuracy is very important for subsequent research. However, from the current calculation methods, whether it is the energy function tool based on physical method or the method based on deep neural network, including the recently updated AlphaFold 3 of DeepMind, there is still much room for improvement in the structural prediction accuracy of antigen-antibody and protein-polypeptide complexes. In response to this challenge, PaddleHelix team of Baidu propeller developed HelixFold-Multimer model. By optimizing data, network structure and training methods, it has reached the leading position in the industry in predicting the structure of antigen-antibody/polypeptide protein complex. Compared with the existing methods, HelixFold-Multimer is far superior to similar methods, including the newly released AlphaFold 3, in two core key indicators: DockQ and success rate.

(): The company’s products have not been used in Baidu driverless taxis yet.

On May 20, Yutong Optics said on the interactive platform that the company’s products have not been used in Baidu driverless taxis yet.

Baidu responded to Victor Liang, senior vice president, taking over the public relations business: it was previously Jing Jing’s superior

According to media reports, Victor Liang, Baidu’s senior vice president, has temporarily taken over the public relations business after Qu Jing, Baidu’s former vice president of public relations, left his post because of controversial remarks about short videos. It is not clear whether to take over temporarily to find the next public relations director or to take over formally. In this regard, Baidu responded that Victor Liang had been in charge of Baidu’s government relations (GR) and public relations (PR) business before, and the former No.1 public relations officer of Baidu, Qu Jing, had previously reported to Victor Liang. (Sina Technology)

[US stock rating]

On May 24th, Susquehanna gave Baidu a positive rating with a target price of $135.00.

[Hong Kong stock rating]

On May 23rd, GF Securities gave Baidu Group -SW a buy rating.

May 22nd () gave Baidu Group -SW a buy rating.

On May 22nd, Southwest Securities gave Baidu Group -SW a buy rating.

On May 21st, First Shanghai Securities gave Baidu Group -SW an overweight rating with a target price of HK$ 133.00.

On May 21st, First Shanghai Securities gave Baidu Group -SW an overweight rating with a target price of HK$ 133.00.

On May 20th, open source securities gave Baidu Group -SW a buy rating.

This article comes from the theme of Hong Kong-US Datalink. Click to read more about Hong Kong-US companies > > >

　　Su Jia GUI [2016] No.9

The relevant departments of the provincial government, the municipal and county (city, district) Price Bureau (Development and Reform Commission, Development and Reform Bureau) and the Judicial Bureau:

　　In order to regulate the charging behavior of lawyers’ services, safeguard the legitimate rights and interests of clients and law firms, and promote the healthy development of lawyers’ services, we have formulated the Measures for the Administration of Lawyers’ Services Charges in Jiangsu Province in accordance with the provisions of People’s Republic of China (PRC) Price Law, People’s Republic of China (PRC) Lawyers Law and Jiangsu Price Regulations, which are hereby printed and distributed to you. Please conscientiously implement them in light of local conditions.

　　Jiangsu province bureau of commodity price　　　

　　Jiangsu Provincial Department of Justice　　　

　　October 10, 2016　　

Measures of Jiangsu Province on the Administration of Lawyers’ Service Fees

　　Article 1 These Measures are formulated in accordance with People’s Republic of China (PRC) Price Law, People’s Republic of China (PRC) Lawyer Law, Jiangsu Price Regulations and other relevant laws and regulations in order to regulate the charging behavior of lawyer services, safeguard the legitimate rights and interests of clients and law firms, and promote the healthy development of lawyer services.

　　Article 2 These Measures shall apply to the charging behavior of law firms registered in the Jiangsu Provincial Department of Justice to provide legal services to clients in accordance with the People’s Republic of China (PRC) Lawyers Law.

　　Article 3 Lawyers’ service fees shall follow the principles of openness, fairness, voluntary compensation, honesty and credibility.

　　Law firms should strengthen internal management and provide convenient and high-quality legal services for clients.

　　Article 4 Lawyers’ service charges, as operating service charges, shall be subject to government-guided prices and market-regulated prices.

　　Article 5 The fees charged by law firms for providing the following legal services according to law shall be subject to government-guided prices:

　　(1) Being the defender of criminal suspects and defendants in criminal cases, and the agent of private prosecutors and victims in criminal cases;

　　(2) Acting as an agent for citizens in civil or administrative proceedings demanding payment of labor remuneration, compensation for work-related injuries, alimony, alimony, pensions and relief funds, and social insurance benefits or minimum living allowance;

　　(three) as an agent for group litigation cases involving public interests such as safety accidents, environmental pollution, land acquisition and demolition compensation (compensation);

　　(4) Acting as an agent in cases where citizens request state compensation.

　　Article 6 The charging standards for lawyer services subject to government-guided prices shall be formulated by the provincial price department in conjunction with the provincial judicial administrative department.

　　Article 7 The fees for lawyers’ services subject to the government-guided price shall be set according to the factors such as the time, complexity and risk of handling lawyer services, and the principle of being conducive to the sustainable development of the lawyer industry and taking into account the social affordability.

　　Article 8 The fees charged by law firms for providing other legal services other than those specified in Article 5 shall be subject to market-regulated prices. The charging items and standards for lawyer services with market-regulated prices shall be formulated by the law firm itself and reported to the lawyers association of the city with districts (the provincial branch of the provincial lawyers association reported by the province directly) for the record.

　　The following main factors shall be considered when a law firm negotiates with its clients to determine the amount of lawyers’ service fees:

　　(a) the working time spent;

　　(two) the difficulty of legal affairs;

　　(3) The client’s bearing capacity and the local social and economic development;

　　(four) the risks and responsibilities that law firms and lawyers may bear;

　　(five) the lawyer’s credit and work level;

　　(six) the degree of social influence of legal affairs;

　　(seven) the number of lawyers required to handle legal affairs.

　　Article 9 According to different service contents, lawyers’ service fees can be charged by piecework, proportion of bid amount, timing and risk agency.

　　Piece rate is generally applicable to legal affairs that do not involve property relations.

　　Charge according to the proportion of the bid amount is applicable to legal affairs involving property relations.

　　Time charge can be applied to all legal affairs.

　　Risk agency fees are applicable to legal affairs involving property relations. The implementation of government-guided fees for lawyer services is prohibited from implementing risk agency.

　　Article 10 Piece-by-piece charging refers to the charging method of charging lawyers’ service fees according to the specified amount or within the specified scope, range and limit, taking each entrusted legal affairs as the basic unit.

　　Article 11 Charging according to the proportion of the bid amount refers to the charging method of charging the lawyer’s service fee according to a certain proportion of the bid amount involved in this legal service.

　　Article 12 Hourly charging refers to the pricing method in which a law firm charges the client a lawyer’s service fee according to the effective working hours it spends providing legal services within the prescribed standard range and the determined hourly charging standard. If the fee is charged by time, the law firm must issue a work list to the client after the case is closed.

　　The charging rules for hourly charges shall be formulated separately by the Provincial Lawyers Association and reported to the Provincial Price Bureau and the Provincial Department of Justice for the record.

　　Article 13 Risk agency fees refer to the form of fees that the client may not pay the lawyer’s agency fees in advance or only pay part of the lawyer’s fees and travel expenses according to the agreement between the law firm and the client, and the client will pay the lawyer’s service fees to the law firm according to the contract after the legal affairs to be entrusted reach the agreed objectives (including legal documents, or property and interests obtained through mediation or settlement, or court execution, etc.).

　　The code of conduct for risk agency fees shall be formulated separately by the Provincial Lawyers Association and reported to the Provincial Price Bureau and the Provincial Department of Justice for the record.

　　Article 14 The legal fees, arbitration fees, appraisal fees, notarization fees, translation fees, cross-border communication fees, expert argumentation fees and other fees paid by law firms on behalf of their clients in the process of providing legal services are not lawyers’ service fees, and shall be paid separately by the clients.

　　Article 15 If a law firm needs to receive the travel expenses for handling cases in advance, it shall reach an agreement with the client through consultation and make a written agreement. If it is really necessary to change the fees, the law firm must obtain the written consent of the client in advance.

　　Sixteenth lawyers’ service fees, fees paid on behalf of clients and travel expenses for handling cases shall be uniformly collected by law firms. Lawyers are not allowed to charge their clients any fees without permission.

　　In addition to the three fees listed in the preceding paragraph, law firms and lawyers may not charge other fees from clients in any name.

　　Article 17 When a law firm collects lawyer service fees from clients, it shall issue legal bills stipulated by the tax authorities to clients.

　　When settling the relevant expenses stipulated in Article 14 and Article 15, the law firm shall provide the client with a list of fees paid on behalf of the client and travel expenses for handling cases and valid vouchers. The client may not pay for the part that cannot provide valid vouchers.

　　Article 18 When accepting entrustment, a law firm shall sign a lawyer service fee contract with the client or specify the fee clause in the entrustment contract.

　　The charging contract or charging terms shall include charging items, charging standards, charging methods, charging amount or proportion, payment and settlement methods, dispute settlement methods, etc.

　　Article 19 After signing a contract with a client, a law firm may not unilaterally change the charging items or increase the charging amount. If it is really necessary to change, the law firm must obtain the written consent of the client in advance. The name of the item to be paid on behalf of the client shall be specified in the charging contract. If it is not specified, the client may not pay.

　　Article 20 A law firm shall accept the assignment to undertake legal aid cases. No fees shall be charged to the recipient for handling legal aid cases.

　　For citizens who do not meet the conditions for legal aid, but do have financial difficulties, the law firm may reduce or waive the lawyer’s service fee.

　　Twenty-first law firms set up branches in different places, should implement the provisions of the location of the branch fees.

　　Branches may, according to the local economic development and consumption level, re-define the contents of lawyer services and the charging standards for market-adjusted prices.

　　Article 22 When a law firm provides legal services across provinces, it may implement the charging regulations of the place where the law firm is located or the place where the legal services are provided. The specific content shall be determined by the law firm through consultation with the client and in the charging contract.

　　Twenty-third law firms should strictly implement the provisions on the management of lawyer service charges formulated by the competent price department in conjunction with the judicial administrative department, and strictly implement the standards for lawyer service charges that are guided by the government.

　　Law firms should strictly implement the provisions of the clearly marked price system, publicize information such as lawyer service fees, fees standards, supervision and reporting telephone numbers in a prominent position of law firms, and widely accept social supervision.

　　Twenty-fourth lawyers’ associations shall abide by the laws and regulations on prices and accept the guidance of the competent pricing department and the judicial administrative department; Guide law firms to consciously regulate their own charging behavior, and strictly implement the national and provincial lawyer service charging policies.

　　Twenty-fifth citizens, legal persons and other organizations believe that law firms or lawyers have violated the law, and they can report and complain to the competent price department, the judicial administrative department or the lawyers association through letters, telephone calls, visits and the Internet.

　　Twenty-sixth price departments at all levels should strengthen the supervision of lawyers’ service charges. If a law firm commits one of the following price violations, it shall be severely punished by the competent price department in accordance with the Price Law of People’s Republic of China (PRC), the Anti-monopoly Law of the People’s Republic of China, the Provisions on Administrative Penalties for Price Violations and the Price Regulations of Jiangsu Province.

　　(1) Failure to publicize the charging items and charging standards of lawyers’ services as required;

　　(two) price collusion and price monopoly;

　　(3) Charging beyond the floating range of government-guided prices;

　　(four) to take the form of breaking down the charging items, repeating the charging, and expanding the scope of the charging, etc., to raise the charging standard of lawyer services with government-guided prices in disguise;

　　(five) price fraud and other unfair price behavior;

　　(6) Other price violations.

　　Twenty-seventh judicial administrative departments at all levels should strengthen the supervision and inspection of law firms and lawyers’ legal service activities.

　　If a law firm or lawyer commits one of the following illegal acts, the judicial administrative department shall impose administrative punishment or industrial punishment in accordance with the Lawyers Law and the Measures for Punishment of Illegal Acts of Lawyers and Law Firms, or the Lawyers Association shall impose administrative punishment in accordance with the Rules for Punishment of Violations of all china lawyers association Members:

　　(1) Violating the law firm’s unified acceptance of entrustment, signing a written entrustment contract or charging contract;

　　(2) collecting fees without permission and accepting property or other benefits from the client;

　　(3) Failing to issue a legal bill for the lawyer’s service charge to the client, and failing to submit a valid voucher for the fees and travel expenses for handling cases to the client;

　　(four) other acts that violate the practice discipline and professional ethics of lawyers.

　　Twenty-eighth law firms and lawyers’ information about price integrity shall be supervised by the competent price department and the judicial administrative department according to their respective responsibilities.

　　Twenty-ninth approach by the Provincial Price Bureau in conjunction with the Provincial Department of justice is responsible for the interpretation of.

　　Thirtieth these Measures shall be implemented as of January 1, 2017 and shall be valid for 5 years. Notice of the Provincial Department of Justice of the Provincial Price Bureau on Printing and Distributing the Measures for the Administration of Lawyers’ Service Fees and the Detailed Rules for the Implementation of the Measures for the Administration of Lawyers’ Service Fees in Jiangsu Province (Su Jiafei [2007] No.5) and other provisions inconsistent with these Measures shall be abolished at the same time.

People’s Financial News On May 26th, Enterprise Search APP showed that Midea (Foshan Nanhai) E-Commerce Co., Ltd. was recently established with a registered capital of 10 million yuan, and its business scope includes: sales of smart home consumer equipment; Sales of semiconductor lighting devices; Artificial intelligence hardware sales; Household appliances installation services, etc. Enterprise investigation shows that the company is indirectly wholly-owned by Midea Group.

　　As the third Belt and Road International Cooperation Summit Forum was held in Beijing, China officially released the Global Initiative on Artificial Intelligence Governance (hereinafter referred to as the Initiative). The launch of the Initiative fully reflects China’s responsible attitude, leading spirit and mission under the guidance of the concepts of "Community of Human Destiny" and "Community of Cyberspace Destiny" of the Supreme Leader and Chairman, and in the face of a new wave of global scientific and technological revolution symbolized by artificial intelligence and other technologies. It is an important measure for China to conform to the development trend of network and informatization, respond to the demands of developing countries and respond to the calls of the international community for effective governance of new technologies in the process of cyberspace international governance.

　　Cyberspace is not a virtual space, but a projection and manifestation of the real world. Judging from the international situation, the relations between major powers, international order, regional security, social thoughts and global governance are undergoing profound adjustments. Coupled with the impact of a century-old epidemic, the world has entered a "great change that has never happened in a century." From the development process of global informatization, artificial intelligence, quantum technology, blockchain and other technologies have developed rapidly, and the outline of a new round of scientific and technological revolution has gradually become clear. The new technology with the characteristics of intelligence, digitalization, informationization and virtualization not only profoundly affects the domestic industrial form, lifestyle and social form of each country, but also brings about the comparative change of power between countries and intensifies national competition. The security and interests of the country, the operation of enterprises, and the human rights and privacy of citizens are all concentrated in cyberspace as never before, and the data flows endlessly. Multilateral parties in the international community, whether governments, enterprises, communities or people, are looking forward to the gradual establishment of the cyberspace once known as the "wild west", forming a code of conduct and realizing global governance.

　　Artificial intelligence is not a castle in the air, but a simulation and extension of human brain thinking mode. It is regarded as one of the landmark technologies of this round of scientific and technological revolution, and has accelerated its development in recent years, showing new features such as deep learning, cross-border integration, man-machine collaboration, open intelligence and independent control. In daily life, people have applied artificial intelligence technology in all aspects, such as personalized recommendation system for online shopping, face recognition, artificial intelligence medical image recognition, artificial intelligence navigation, intelligent writing assistant and voice assistant, etc., and its various applications are as bright as the sea of stars. However, concerns about its safety and risks are unprecedented. People from all walks of life are generally worried that its risks and threats will not only lead to legal and ethical risks, but also lead to security threats in major fields such as society, economy and military affairs. General Secretary of the Supreme Leader pointed out: "New technologies such as artificial intelligence and virtual reality are changing with each passing day, and the combination of virtual economy and real economy will bring revolutionary changes to people’s production methods and lifestyles. This change will not happen overnight, nor will it be smooth sailing. It needs the joint efforts of all countries to fully amplify and accelerate its positive effects while minimizing possible negative effects. " The Chairman of the Supreme Leader advocates that China supports strengthening dialogue around artificial intelligence, and proposes to hold a special meeting in due course to promote the implementation of the principles of the G-20 artificial intelligence and lead the healthy development of global artificial intelligence. General Secretary of the Supreme Leader further pointed out that,"Technology is a sharp weapon for development, and it may also become the source of risks. It is necessary to look forward to the rule conflicts, social risks and ethical challenges brought about by the development of science and technology." A series of instructions from the Supreme Leader General Secretary pointed out the direction for China to participate in and lead the global artificial intelligence governance process.

　　In recent years, the international community has put forward some important initiatives to promote the healthy development of artificial intelligence. In 2019, UNESCO issued the Proposal on Ethical Issues of Artificial Intelligence, calling on governments, enterprises, social organizations and individuals of all countries to actively consider the ethical issues of artificial intelligence in the research and development, application and governance of artificial intelligence technology, and promote the global dissemination and implementation of ethical principles of artificial intelligence. G20 Group emphasized the ethical and social responsibility of artificial intelligence in the G20 Principles of Artificial Intelligence released in 2019, and encouraged countries to take ethical and responsible measures in the research, development, application and governance of artificial intelligence technology, and strengthen global governance cooperation to jointly promote the healthy development of artificial intelligence. In 2018, the European Commission put forward the Code of Ethics for Artificial Intelligence, which emphasized that the application of artificial intelligence must conform to human values and ethical principles, and suggested taking measures to strengthen the supervision and transparency of artificial intelligence and promote the sustainable development of artificial intelligence technology. Some non-governmental organizations have also put forward ethical norms and norms of artificial intelligence, emphasizing that artificial intelligence technology should serve human welfare rather than replace human beings, and promote the inclusiveness and sustainability of artificial intelligence technology. Generally speaking, the international community has realized the impact and challenges of artificial intelligence technology on society and human beings, so it advocates governments, enterprises and social organizations to actively think about the ethical and social responsibilities of artificial intelligence and take measures that meet ethical requirements to promote the healthy development of artificial intelligence technology.

　　There are similarities, emphases and differences in the artificial intelligence governance concepts of multilateral parties in the international community. China’s mission in this era is how to implement the instructions of the Supreme Leader General Secretary, conform to the development trend of global technology and industrial revolution, give consideration to the two major tasks of safety and development, seek common ground while reserving differences with all parties in the world based on his own governance practice, form an attractive Chinese plan, contribute to the international governance of artificial intelligence, and create a good internal and external environment for international cooperation in the field of artificial intelligence.

　　In September 2021, the National Professional Committee for the Governance of New Generation Artificial Intelligence issued the "Ethical Code of New Generation Artificial Intelligence"; In December 2021, China issued the "Position Paper on Standardizing Military Applications of Artificial Intelligence"; On November 16th, 2022, China submitted China’s Position Paper on Strengthening the Ethical Governance of Artificial Intelligence to the United Nations General Assembly. China put forward the concept of common, comprehensive, cooperative and sustainable global security in regulating artificial intelligence, and advocated all countries to actively seek consensus and practice the concept of building a community of human destiny in the field of artificial intelligence. These concepts, principles, and documents have made an attempt to solve the problem of artificial intelligence governance. The "Initiative" launched by China this time not only embodies these ideas, principles and documents, but also absorbs the outstanding achievements of multilateral parties in the international community, including developing countries, in the field of artificial intelligence governance in recent years.

　　In the introduction at the beginning, the Initiative highly affirmed the rapid development, far-reaching influence and great opportunities brought to the world by artificial intelligence technology. At the same time, it also points out all kinds of risk challenges brought by this technology, and puts the key and significant issue of artificial intelligence governance related to the fate of all mankind in front of the world. The introduction puts forward the security concept, principles and mechanisms that all countries should uphold in the process of artificial intelligence governance, and highlights China’s consistent cooperative position in cyberspace, as well as the idea of promoting artificial intelligence governance together with various actors in cyberspace with an open attitude. Based on the technical attributes of artificial intelligence, China put forward development suggestions to continuously improve the safety, reliability, controllability and fairness of artificial intelligence technology.

　　The contents of the "Initiative" total eleven articles, which comprehensively, systematically and scientifically expounded China’s position and proposition from three levels: security, development and governance. These clauses not only respond to the general concerns and concerns of the international community, especially the developing countries, but also show China’s profound understanding of artificial intelligence governance. The first article of the Initiative puts forward that the development of artificial intelligence should adhere to the concept of "people-oriented", which is intended to warn that the development of technology cannot deviate from the direction of human civilization and progress. Article 2 proposes that when providing artificial intelligence products and services to other countries, we should respect the sovereignty of other countries, strictly abide by the laws of other countries, and oppose the use of artificial intelligence technology to interfere in other countries’ internal affairs, which fully takes into account the demands of developing countries that the development of artificial intelligence technology will pose a threat to their national security and sovereignty. For example, some countries have been worried that artificial intelligence technology will be used for military purposes, thus posing a threat to international peace and stability; In addition, some countries worry that artificial intelligence technology will be used to manipulate elections, disrupt financial markets and create social divisions, which will have a negative impact on social stability. The third article puts forward that the development of artificial intelligence should adhere to the purpose of "intelligence is good", which is not only a supplement to the last article, but also the common wish of many artificial intelligence developers and practitioners. Article 4 puts forward that all countries have the equal right to develop and use artificial intelligence, aiming at avoiding and eliminating the new digital divide caused by artificial intelligence.Oppose countries with corresponding technological advantages to use artificial intelligence to suppress, contain and block the development of artificial intelligence in other countries, and block and interfere with the development of artificial intelligence in the world. In the following items, the Initiative comprehensively shows that China is open and fair with the international community in the field of artificial intelligence governance from the aspects of testing and evaluating the risk level of artificial intelligence, establishing and improving relevant laws and regulations, adhering to the principles of fairness and non-discrimination, putting ethics first, actively developing the development and application of related technologies for artificial intelligence governance, and persisting in dialogue and cooperation, extensive participation, consensus and gradual progress, and promoting multi-stakeholders to form a broad consensus in the field of artificial intelligence governance.

　　At the end, the Initiative specifically calls for enhancing the representation and voice of developing countries in the global governance of artificial intelligence. Seeing this, and then connecting with the third "One Belt, One Road" international cooperation summit forum being held in Beijing, the vast number of developing countries gathered in Beijing, eager to catch the express train developed by China, hoping to hear the voice of China, including the hope that China will speak for the vast number of developing countries on the major issue of artificial intelligence governance in the current international community. China is an active promoter and practitioner of international governance of cyberspace. In 2015, the Chairman of the Supreme Leader put forward the concept of "building a community of destiny in cyberspace" for the first time in the second world internet conference, and deeply explained the "four principles" and "five propositions" of Internet development and governance, which attracted wide attention from the international community. Today, the launch of the Initiative once again reflects China’s determination to implement the concept of "Building a Community of Cyberspace Destiny" by Chairman of the Supreme Leader, its image and mission as a responsible big country in cyberspace, and its unremitting efforts to practice fairness and justice in the process of international governance in cyberspace.

　　At present, there are three key words in the process of international governance of cyberspace, namely peace, security and development. In the field of artificial intelligence governance, the three themes have not changed fundamentally: first, the basic principles of artificial intelligence governance concept are the common values of equality, fairness and justice, sharing and governance, or the jungle law of the jungle; The second is the basic attitude towards artificial intelligence governance, whether it is laissez-faire or legal supervision on the basis of respecting the network sovereignty of various countries; The third is the basic position on artificial intelligence governance, whether it is used as a means to benefit mankind and maintain peace and stability, or as a deterrent, preemptive, or even as a tool to interfere in other countries’ internal affairs, create conflicts or even wage war. The development of artificial intelligence technology has aggravated the complexity of human security. In this new field, competition between countries is intensifying, government governance is being impacted, and social structure has undergone tremendous changes. How to deal with it, the international community needs new wisdom, new thinking and new paths.

　　Let the light of reason and wisdom light up the starry sea of artificial intelligence. It is predicted that in the future, China will continue to unite all multilateral parties in the international community, especially the developing countries, and continue to launch the best practice cases and specific road maps for artificial intelligence governance around the concept of "building a community of cyberspace destiny" with the launch of this Initiative as a new starting point. This is not only the mission of China, but also the demand of developing countries, a concrete action to follow the law of cyberspace development, and an inevitable choice for human beings to meet the era of artificial intelligence.

　　(Zhang Li, researcher, China Institute of Contemporary International Relations)

On May 19th, Huawei held a new product launch conference for nova14 series and HarmonyOS computers in Chengdu, and released two extraordinary masters of HarmonyOS computers, HUAWEI MateBook Pro and HUAWEI MateBook Fold. Among them, the extraordinary master of HUAWEI MateBook Fold, as the world’s thinnest commercial folding computer and the world’s largest commercial folding screen computer, not only created a new form of folding screen computer, but also became an important milestone in the application of Vivid Jingcai audio-visual technology on the PC side.

The world’s largest folding screen meets Vivid Jingcai audio-visual and opens an extraordinary experience.

The extraordinary master of HUAWEI MateBook Fold is equipped with an 18-inch 3.3K resolution double-layer OLED large screen, which supports the HDR Vivid Jingcai image standard. Through dynamic tone mapping and intelligent algorithm, it shows more realistic colors, richer levels and more accurate contrast between light and dark, and makes the image details jump on the screen. The peak brightness of 1600 nits is combined with P3 wide color gamut support and Huawei’s self-developed professional display algorithm, so that users can get a consistent and shocking visual experience whether they watch images in an outdoor environment with strong light or in dark light.

At the same time, both HarmonyOS computers support HDR Vivid crystal image and Audio Vivid crystal sound technology, bringing users an immersive audio-visual experience. Audio Vivid’s object-based three-dimensional sound coding and decoding technology is no longer limited by the traditional sound channel design, so that each sound object can freely locate and flow in three-dimensional space and restore the sound field effect of the real world. Whether it is the live atmosphere in a video conference or the immersive film and television impression, users can feel the sense of space and presence as if the sound source is surrounded.

The collaborative presentation of HDR Vivid’s brilliant color images and Audio Vivid’s brilliant color sounds has upgraded the full-link immersive experience from vision to hearing, and built an unprecedented "sensory scene" for two HarmonyOS computers.

From screen to ecology, to create a bright future-oriented audio-visual

As Huawei’s first HarmonyOS folding computer, the extraordinary master of HUAWEI MateBook Fold relies on the kernel reconstruction of HarmonyOS 5 system to comprehensively improve the system-level AI capability, multi-screen collaboration capability and security of the whole scene, and the blessing of Vivid Jingcai Audio-visual has injected the "sensory layer" evolution into this system ecology. Based on the native adaptation and support of HarmonyOS Ecology to the ultra-high definition video standard, in the future, more and more video contents and applications will be vividly presented under Vivid Jingcai audio-visual, which will drive the entire PC ecology, creative tools, education, games and other scenes to achieve a comprehensive leap in audio-visual experience.

It is worth mentioning that the release of two HarmonyOS computers represents an important step in the functional and ecological construction of domestic PC operating systems. Vivid Jingcai Audio-visual, as the standard of China’s network audio-visual industry, is gradually promoting the popularization and application of high-quality audio-visual experience in multi-terminals. The collaborative integration of HarmonyOS computer and Vivid Jingcai audio-visual technology not only brings higher quality and more immersive audio-visual experience, but also provides standardized technical support for the creation, distribution and presentation of PC audio-visual content in the future.

When technology breaks through the audio-visual boundary, every frame and sound of the extraordinary era is worthy of "Jingcai" presentation. The extraordinary masters of HUAWEI MateBook Pro and HUAWEI MateBook Fold have now started pre-ordering, inviting you to go to the new generation of PC with dual audio-visual and performance upgrades, and enjoy the immersive Jingcai audio-visual experience.

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The treatment of blank wall is an important link in house decoration. Proper treatment can lay a good foundation for the subsequent decoration work, and also enable the wall to achieve the ideal decorative effect. The following is a detailed introduction to the treatment methods and related matters needing attention of the blank wall for you.

The first is grass-roots treatment. There are usually impurities such as dust, oil pollution and loose objects on the surface of the blank wall, which need to be cleaned comprehensively first. You can use brooms, vacuum cleaners and other tools to remove dust. For the parts with serious oil pollution, you can use cleaning agents to wipe them. If there are cracks, holes and other defects in the wall surface, it needs to be filled with gypsum or special repair materials. Small cracks can be directly repaired with putty, and larger cracks need to be embedded with bandages or mesh cloth before filling them to prevent cracks from cracking again.

The next step is wall leveling. Uneven wall will affect the subsequent decoration effect, so leveling is needed. Commonly used leveling materials are cement mortar and putty powder. If the deviation of wall flatness is large, coarse leveling can be carried out with cement mortar first, and fine leveling can be carried out with putty powder after drying. When daubing putty, it is generally necessary to daub it for 2-3 times, and the interval between each time should be determined according to the weather and material description, usually 1-2 days. The thickness of each application should not be too thick to avoid cracking.

Then it is sanded. After the putty is dried, it is necessary to polish the wall surface with sandpaper to make the wall surface smoother and flatter. The mesh number of sandpaper should be selected according to the flatness and grinding stage of the wall. Generally, rough sandpaper is used for preliminary grinding first, and then fine sandpaper is used for fine grinding. Pay even attention when polishing to avoid polishing marks.

Finally, the wall decoration. After the previous treatment, the wall can be decorated, such as painting latex paint and pasting wallpaper. When painting latex paint, we should pay attention to selecting products with good quality and high environmental protection performance, and make deployment and construction according to the requirements of the manual. When pasting wallpaper, pay attention to the splicing and alignment of wallpaper to avoid problems such as empty drum and edge warping.

In the process of dealing with the blank wall, there are also some matters needing attention. When treating at the grass-roots level, it is necessary to ensure that the wall is completely dry before the next step of construction, otherwise it will affect the adhesion and drying speed of subsequent materials, and even lead to problems such as moldy and falling off the wall. In the process of wall leveling, it is necessary to control the proportion and coating thickness of cement mortar and putty powder to avoid cracking and hollowing. When sanding, you should pay attention to protective measures, such as wearing masks and gloves, so as to avoid inhaling dust and causing harm to your body. In the stage of wall decoration, we should pay attention to the temperature and humidity of the construction environment, and avoid the construction in the environment of high temperature, high humidity or low temperature, so as not to affect the decoration effect.

The following is a simple comparison table for you to understand the main points of different processing stages:

Through the above methods and precautions, I believe you can handle the blank wall to achieve the ideal effect and add a beauty and comfort to your home environment.

[Disclaimer] This article only represents the author’s own views and has nothing to do with Hexun. Hexun.com is neutral about the statements and opinions in this article, and does not provide any express or implied guarantee for the accuracy, reliability or completeness of the contents. Readers are requested for reference only, and please take full responsibility. Email: news_center@staff.hexun.com.

　　CCTV News:Recently, Ms. Zhang, a consumer in Beijing, bought low-priced postage goods in two stores of an e-commerce platform. She can’t help but wonder: How do individual travelers send a courier to 10 yuan or so, and how do businesses guarantee such low-priced goods?

　　Merchants would rather lose money in marketing and attract consumers.

　　According to a reporter’s investigation, low-priced package goods are very common in major e-commerce platforms, especially "9.9 yuan package" has become a word that consumers are accustomed to. But questions like Ms. Zhang’s are common among consumers.

　　Ms. Zhang told reporters that she asked the owners of two stores afterwards. Both shopkeepers said that the low-cost package was to attract consumers and sell at a loss.

　　 Marketing at a loss, don’t businesses make money?

　　Yao Jianfang, an analyst at the E-commerce Research Center, told reporters that the fundamental reason for the existence of low-priced postal goods is that businesses are profitable. Online shop operation flow is king, and low-cost postage can be used as a good drainage method, which is lower in cost than other means of burning money. Compared with violations such as brushing a bill, it is better to post some money for promotion.

　　The reporter searched for "garbage bags" on an e-commerce platform. According to the comprehensive ranking, the turnover of garbage bags below 10 yuan and including postage was as high as 200,000 to 300,000. Of course, there are also stores with slightly higher prices and no postage.

　　Even if it is a low-cost package, not all businesses are making money at a loss.

　　Yao Jianfang explained that in order to make money by low-cost package, it is necessary to have low-cost purchase channels and control purchase costs.

　　Long-term cooperation with courier companies to keep the courier cost to a minimum. The sum of the prices of these two parts is controlled below the sales price. If the goods are sold enough and even become explosive, the profit will be considerable.

　　How does the courier company make money?

　　A courier practitioner said that for customers with large orders, they adopt a monthly settlement method, and the price is different from the usual zero order. Pricing varies from province to province. The nearest place within 3kg is generally 4 yuan, and the price of some courier companies may be lower. Some express outlets increase their business volume by collecting a lot of money, which can not only make small profits but also expand their right to speak.

　　Mr. Huang of Beijing bought a pair of scissors for 6 yuan postage online. Afterwards, he found on a wholesale website that the lowest wholesale price of this pair of scissors can be around 2 yuan. The reporter noticed that the commodity link of this pair of scissors shows that its monthly sales volume is 15,000, and the total sales volume has exceeded 100,000. Even if a pair of scissors can’t earn 1 yuan money, the total profit can be counted.

　　Have you inadvertently walked into the business routine?

　　In addition to small profits but quick turnover, low-cost postal merchants have other ways to make money. Common operations are:

　　Selling low-priced postal goods is accompanied by advertisements for other goods in the store, and making money through the sales of other goods;

　　After attracting attention and brushing traffic through low-cost postage, replace the goods with high-priced goods or raise prices step by step;

　　Set multiple specifications labels under a link, and consumers will find multiple styles and specifications when they enter the link through low-priced goods, thus improving the exposure rate of high-priced goods;

　　Even some merchants don’t tell consumers the specific content of low-priced goods in the name of "blessing bags", but consumers find that they are inferior goods after receiving the goods. (This article Source: Workers Daily)

　　Producer/Editor-in-Chief Tang Yi/Li Zhe

　　Editor/Lv Xiaopin Qin Jing

　　(Editor Xie Xianfeng)

"Long life" is everyone’s wish, although not everyone can achieve it, but even if you can’t live long, you must live a healthy and healthy life.

With the improvement of living standards and people’s attention to health preservation, more and more people doubt that they are sub-healthy, so what about their health?

Xiaobian has compiled some characteristics of a healthy body, which can be compared. If you are satisfied more, then you will be healthier.

01

The wound is repaired quickly.

If the wound heals easily, it means that the blood coagulation ability, white blood cell sterilization ability and blood vessel health are all good. If a minor wound or minor burn takes a long time to heal, or slight pressure causes unexplained skin bruising, see a doctor.

02

Stable weight

Chinese medicine believes that fat people have more qi deficiency and more phlegm and dampness; Thin people have more yin deficiency and more fire. At this time, as long as it is not too fat or too thin, there is no need to deliberately lose weight or gain weight. The weight has remained stable, indicating that the body is very healthy.

If the weight changes suddenly, it means unhealthy and needs special attention!

03

A full night’s sleep

A healthy sleep state is that you have fewer dreams, get up less at night, and sleep until dawn. This is the healthiest state of sleep.

The quality of sleep is poor. I get up several times every night. Although I sleep for a long time in MUBI at night, my brain and organs really get a rest for a very short time, which is also a sign of my unhealthy body.

04

Nails are ruddy and without edges.

Nails are directly related to the viscera and meridians of the human body, and the healthy changes of the human body can be fully reflected through nails. The health of nails is related to the nutritional status of the body, the intake of vitamins and the stability of detoxification. The ruddy nails without edges indicate that the blood is sufficient and there is no calcium deficiency, which also indicates that the endocrine is normal.

And the liver is the main rib, and the nail is a part of the tendon. The health of the nail will also reflect the health of the liver. The liver is known as the "general of the human body" and plays an important role in the health of the human body. The liver is good and everything is fine!

05

Hair moist

Chinese medicine believes that "kidney, its China is in the hair" and "hair is in addition to blood". The growth, shedding, moistening and withering of hair depend not only on the nourishment of essence in the kidney, but also on the nourishment of blood. The healthier a person is, the fuller the blood is, and the hair will naturally be moist. On the contrary, when the essence and blood are deficient, the hair tends to turn white and fall off.

06

Less meat on the stomach

The belly fat that can’t be thrown away is a headache for many people. Abdominal obesity is not a trivial matter, which not only affects the beauty of body shape, but also is a signal of pre-illness state-causing hypertension, angina pectoris, myocardial infarction, diabetes and so on.

Studies have shown that the risk of death faced by women with abdominal obesity is 20% higher than that of ordinary people. Usually pay more attention to the waist circumference, which is less than 90cm for men and 85cm； for women; Don’t eat too late for dinner, or you’ll get fat. Exercise more and control your weight.

07

pleasant personality

Cheerful personality will make the body in a pleasant state, and the function and state of the body are at the best. The enzyme activity of the body is also in a good state, so it is healthier and longer.

08

Defecation once or twice a day.

Stool obstruction is one of the important criteria to test the health of digestive and excretory systems. Always can’t solve the stool, stool accumulation, will continue to produce toxins, resulting in gastrointestinal dysfunction, endocrine disorders, mental stress and other problems.

A cup of boiled water in the morning can promote excretion, prevent constipation, dilute blood and promote blood circulation.

Original title: "Health Science | The body has these eight major conditions, which means that you have a long life and are very healthy! 》

Read the original text

　WeChat official account News of CBN WeChat, the critical moment of COVID-19 epidemic prevention and control, a paper published in the New England Journal of Medicine, pushed the China Center for Disease Control and Prevention (hereinafter referred to as "China CDC") to the forefront.

The reason is that, according to this paper, research shows that interpersonal communication has occurred between close contacts since mid-December 2019. In addition, from January 1 to January 11, a total of 7 medical staff were infected. But at this time, the public knew nothing about it.

Should scientists publish papers first or prevent them first? The focus of controversy comes from this. On the morning of January 31st, CBN reporter interviewed Gao Fu, a member of the National Health Commission high-level expert group and director of China CDC. He is the co-author of the above paper.

"This is a retrospective analysis! In mid-December, I still don’t know what the disease is, and the pathogen is unclear. It is the inference of investigating more than 400 cases of epidemiology! Onset’s days are all speculation, which everyone didn’t understand! Mix epidemiological investigation with clinical diagnosis. " Gao Fu told CBN.

Gao Fu also said that retrospective investigation is one of the responsibilities of CDC, to find the culprit, retrospective investigation, and guide future prevention and control. "Our prevention and control has never stopped, and everyone has not slept for a month."

This is a retrospective analysis.

This paper, published on January 29th, US time, was led by China CDC, including professionals from Hubei CDC and Hong Kong University. Correspondents of the study include Feng Zijian, deputy director of China CDC, and Yang Bo, director of Hubei CDC. Co-authors also include Gao Fu.

In this paper, the investigation team analyzed the reported 425 laboratory-confirmed cases as of January 22, 2020. Analysis shows that among the first 425 confirmed patients, the median age is 59 years old and the male is 56%. Most cases (55%) occurred before January 1, 2020 were related to the seafood wholesale market in South China, and the subsequent cases were 8.6%. The average incubation period was 5.2 days, and the 95th percentile of the distribution was 12.5 days. In the early stage, the scale of epidemic cases doubled every 7.4 days, the average continuous interval of infection was 7.5 days, and the number of basic infections (R0) was estimated to be 2.2.

According to this information, the paper said that there is evidence that interpersonal communication has occurred between close contacts since mid-December 2019.

This paper reveals more information about the epidemic situation in COVID-19, which has aroused widespread doubts.

On January 31st, China CDC published an article entitled "Notes of China Center for Disease Control and Prevention on Publishing Articles in the New England Journal of Medicine". The article stated that the paper was based on a retrospective analysis of 425 confirmed cases (including 15 medical staff) reported as of January 23rd, 2020, and all cases were published to the public before the paper was written. The 15 cases of medical staff infection mentioned in the paper were announced to the public by Academician Zhong Nanshan, the leader of the high-level expert group in National Health Commission, on the evening of January 20th and the Wuhan Health and Health Commission in the early morning of January 21st.

The viewpoint that "interpersonal communication occurred among close contacts in December 2019" put forward in this paper is a retrospective inference based on the epidemiological investigation data of 425 cases.

The article also said that publishing the survey results in academic journals in time will help professional colleagues at home and abroad to understand the characteristics of the disease in time, jointly evaluate and judge the epidemic situation, and improve the prevention and control strategies.

However, this article did not respond, when did China CDC come to the judgment that "interpersonal communication occurred among close contacts in December 2019".

For infectious epidemiology, retrospective study is indeed extremely important. Without retrospective study, it is impossible to understand the incidence of infectious diseases more clearly and then formulate prevention and control strategies for infectious diseases. Therefore, after the outbreak of an infectious disease and case diagnosis, epidemiological investigators will appear first.

An expert in epidemic virology also told reporters that retrospective research is the basic work of infectious diseases and must be carried out according to existing cases. Without cases, no one can observe what the development path of this virus is.

"In fact, the data of 425 cases is not enough to show the characteristics of the new virus. It can only explain the situation in the past and (425 cases) at that time. How to develop in the future needs to continue to be observed." The above-mentioned experts in epidemic virology said.

For example, China CDC stated that these cases were previously confirmed cases, and the research team used these public data to start a retrospective analysis.

How to carry out retrospective analysis?

According to this paper, the earliest cases in COVID-19 were identified through the surveillance mechanism of pneumonia with unknown etiology.

In order to identify pneumonia cases and strive to improve the sensitivity of early detection, the research team developed a tailor-made monitoring program to identify potential cases on January 3, 2020.

The initial working case definition for suspicious COVID-19 is based on the case definition of SARS and Middle East Respiratory Syndrome (MERS). After obtaining new information about confirmed cases, the epidemiological criteria for defining suspicious cases were updated on January 18, 2020.

Once suspicious cases are found, a joint team composed of China CDC, provincial CDC, local CDC and county CDC will be notified to carry out detailed on-site investigation and collect respiratory tract samples, which will be tested in the Center for Viral Disease Prevention and Control of China CDC.

A joint team composed of staff from China CDC and local CDC also conducted detailed field investigations on all suspected and confirmed cases. They collected epidemiological data through interviews with infected people, relatives, close contacts and medical staff, so as to determine the contact history of patients two weeks before onset, including the date, frequency, frequency and mode of contact with wild animals, especially the wild animals available in the South China Seafood Market in Wuhan. In addition, the researchers also collected information about exposure to any relevant environment and contact with others with similar symptoms.

All the epidemiological information collected in the survey, including contact history, timetable and the identity of close contacts, were cross-checked.

Through this path, the research team obtained the epidemiological information of 425 cases.

The basic infection number is about 2.2.

The importance of retrospective analysis of infectious diseases lies in seeing clearly the laws of infectious diseases, and only by seeing clearly the enemy can we make better prevention and control.

In addition to the above-mentioned questioned contents, what other noteworthy information does this paper reveal?

In this paper, the researchers estimate the growth rate of the epidemic by analyzing the data of cases between December 10, 2019 and January 4, 2020.

According to the paper, limited to the data before January 4th, it is estimated that the basic number of infections in COVID-19 is about 2.2, which means that each patient spreads the infection to 2.2 other people on average. As far as COVID-19 is concerned, the paper said that the control challenges include the obvious existence of many mild infections and the limited resources to isolate cases and close contacts.

However, due to the increased awareness of the epidemic situation and the increased availability and utilization rate of inspections in recent weeks, the confirmed infection rate will increase.

A chart used in this article shows that after January 11th, the number of cases decreased. However, the paper also said that it is probably due to the uncertainty of recent cases and the delay in identification and reporting, rather than the real turning point of incidence.

Considering that the availability and usage of test kits will increase with the passage of time, the paper said that extra care should be taken in explaining the growth rate of cases in January.

In short, the research results also show that in the early stage, the case size doubled every 7.4 days. The average continuous interval is 7.5 days.

The paper also reminds that the urgent next step includes determining the most effective control measures to reduce the spread within the community. With a better understanding of epidemiological characteristics and the dynamic mechanism of cases, it is also necessary to improve the definition of work cases. At the same time, it is also necessary to continue to monitor cases to find any changes in epidemiology, such as infections among young people or medical workers.

Original title: Gao Fu responded to the paper’s query: everyone didn’t understand, confusing the paper with clinical diagnosis.

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In less than a year, the "fastest US stock market listing" automobile brand is planning to withdraw from the NYSE and return to Geely. The news shook the whole circle.

On May 7th, Geely Automobile Holdings Co., Ltd. (hereinafter referred to as "Geely Automobile") announced its plan to acquire all the issued shares of Extreme Krypton Intelligent Technology Co., Ltd. (hereinafter referred to as "Extreme Krypton"). Geely Automobile currently holds about 65.7% of the shares of Krypton. If the transaction is completed, Geely Automobile and Krypton will be completely merged, and Krypton will be privatized and delisted on the New York Stock Exchange. As of the close of May 8, Beijing time, the share price of Krypton was $52.19, up by 11.51%, with a total market value of 6.403 billion yuan.

Since the listing of Krypton brand in the US stock market in 2024, the sales growth has been weak due to problems such as "left-handed and right-handed fighting", and the annual target has made slow progress. Li Shufu, chairman of Geely Holding Group, stressed on May 7 that it is necessary to "continuously promote the integration of automobile business and return to a Geely".

"Economic Account" and "Breakthrough War" or the logic behind the reorganization of Geely Group.

Screenshot of Geely Automobile Announcement.

Less than a year after listing, the annual target of Krypton is progressing slowly.

It has been less than a year since the listing of U.S. stocks.

Born on April 15, 2021, Krypton announced its plan to go public in October 2022. On May 10th, 2024, Krypton was officially listed on the New York Stock Exchange, raising about US$ 441 million (about RMB 3.18 billion), making it the "fastest US stock listing" brand of new energy vehicles.

It is worth mentioning that in the A round of financing in February 2023, the valuation of Krypton was as high as 13 billion US dollars. However, before the official listing, the valuation of Krypton issuance was about 5.13 billion US dollars, which was reduced by half.

According to Krypton’s plan, we should strive to turn losses into profits in 2024. The 2024 financial report released in March this year showed that the company’s total revenue in 2024 was 75.91 billion yuan, a year-on-year increase of 47%; The annual net loss was 5.79 billion yuan, a year-on-year decrease of 30%. From 2021 to 2023, the net loss of Krypton was 4.514 billion yuan, 7.655 billion yuan and 8.264 billion yuan respectively.

Li Shufu mentioned on May 7 that "in the face of fierce market competition and increasingly complex economic environment, we will assess the situation".

On May 8, Geely Group responded to the Beijing News Shell Finance reporter, saying that the reason for Geely’s acquisition of Krypton is subject to the announcement issued by the Group.

In the announcement, Geely Automobile mentioned that this move "aims to promote the deep integration and efficient coordination of internal resources, eliminate repeated investment, reduce costs, enhance the competitiveness of enterprises and create long-term value."

It can’t be ignored that the sales volume of the brand is under pressure this year. According to the latest sales data of Extreme Krypton Technology Group, the sales volume of Extreme Krypton brand in April was 13,727 units, down nearly 15% year-on-year and 11% quarter-on-quarter.

The sales target for 2025 previously announced by the Extreme Krypton brand is 320,000 vehicles. In the first four months of this year, the cumulative sales volume of the Extreme Krypton Group was 55,000 vehicles. The time schedule has passed one third, but the sales progress is only 17.2%.

"Divide the troops and fight" has left and right hands fighting each other.

Behind the pressure of krypton sales, in addition to the great competitive pressure, the internal "dividing troops" is also the problem.

Krypton 001 is the flagship model of Krypton brand. In February, 2024, the 2024 Extreme Krypton 001 went on the market. In the first month, it was set to exceed 30,000 vehicles, and the monthly sales in June reached 14,000 vehicles, a record high. But then sales declined, and the myth of "selling one car in one minute" came to an abrupt end.

However, the competition from competing models has become increasingly fierce: the first model of Xiaomi Automobile, SU7, was launched in March 2024; The 2024 Zhijie S7 was released in April 2024; Tesla 3 high-performance version was officially sold from June 2024.

Therefore, in August 2024, the 2025 Kykrypton 001 was quickly listed, and the Mobileye chip used in 2024 was replaced by NVIDIA dual OrinX chip, which improved the computing power and the starting price was 259,000 yuan. However, some car owners have publicly pointed out that "the annual model is launched in half a year" and "the model of three years can be bought in the same year" leads to the rapid depreciation of the vehicle.

On September 20, 2024, the SUV model was launched with a starting price of 229,900 yuan. For a time, the voice of "Extreme Krypton 001 or Extreme Krypton 7X is more cost-effective" emerges endlessly, and both sides are regarded as competitors, and their left and right hands are fighting each other.

In the context of declining sales, recently, Extreme Krypton Technology Group announced internally that Lin Jie, vice president of the group and general manager of Linke Sales Company, was in charge of the overall work of domestic marketing service of Extreme Krypton brand. It is understood that Lin Jie has been the general manager of Link Sales Company since 2018, and became the vice president of Extreme Technology Group in February 2025.

Geely Reorganizes "Fighting Ecology"

In fact, since 2024, Geely Group has reorganized its business segments several times.

In October, 2024, Geometry brand was officially merged into Geely Galaxy. On February 14, 2025, the brand of Extreme Krypton and Link merged rapidly in just three months, and the Extreme Krypton Technology Group was announced.

An Conghui, president of Geely Holding Group and CEO of Extreme Krypton Technology Group, described the plan of integrating Extreme Krypton and Linke in an exclusive interview with the Beijing News Shell Finance reporter: Extreme Krypton Technology Group strives to build a world-leading high-end luxury new energy automobile group with annual production and sales of one million levels through two years’ efforts.

In March 2025, Yizhen brand was officially merged into Geely Galaxy. In addition, there are rumors that Geely Group wants to include Ruilan Automobile. However, on April 10th, Qianli Technology, the controlling shareholder of Ruilan Automobile, responded to an investor’s question and said that there is no plan to transfer the equity to Geely Automobile at present.

Wang Peng, an associate researcher at the Beijing Academy of Social Sciences, told the Shell Finance reporter of the Beijing News that car companies are all changing from "fighting for products" to "fighting for ecology". Behind the repeated restructuring of Geely Group, "economic account" and "breakthrough war" are two key words.

In terms of "economic account", Extreme Krypton Technology Group publicly stated that after the merger of Extreme Krypton and Lectra, the new group company expects to save 10%-20% in R&D investment, and the R&D expense ratio is expected to drop from 11% to 6%. At the same time, with the support of large manufacturing system, the cost of bill of materials is saved by 5%-8% and the manufacturing is saved by 3%-5%. Among them, the management fee will be saved by 10%-20%, and the management fee rate is expected to be reduced from 11% to 8%.

In fact, on September 1, 2024, Geely mentioned in the Taizhou Declaration that conflicts of interest and repeated investment should be reduced. The reason why Geely Automobile mentioned the acquisition of Krypton also means to eliminate repeated investment and reduce costs.

"Breakthrough War" refers toConcentrate on doing great things and form an ecological circle. Wang Peng pointed out that in the early years, Geely comprehensively covered different markets through many brands such as Krypton, Link and Geometry, but this model led to internal consumption of resources and prone to homogenization competition.

In response to this adjustment, Li Shufu voiced on May 7th that he should continue to promote the integration of automobile business, return to a Geely, integrate technological advantages, improve innovation ability and profitability, continue to create long-term value, and build the world’s leading intelligent electric vehicle group. At the same time, it will maintain close communication and cooperation with American and international capital markets.

According to the latest statement of Geely Automobile, Geely Group will create a unified listing platform, and fully integrate extremely krypton assets and resources, thus enhancing the competitiveness of the passenger car business of the Group.

Geely’s integration drama will continue.

Beijing News Shell Financial Reporter Lin Zi

Editor Yang Juanjuan

Proofread Lin Zhao