Zhang Xuan’ an, founder and CEO of Yixin Group. source map

Another Tencent company has opened the IPO road, and Yixin Group will become the fourth listed company invested by Tencent this year.

Yixin Group (hereinafter referred to as "Yixin"), the largest Internet auto retail trading platform in China, has passed the listing hearing on the main board of Hong Kong and submitted its prospectus to the Hong Kong Stock Exchange on October 29th.

According to the prospectus, Yixin has a strong shareholder lineup, including Tencent (00700.HK), JD.COM (Nasdaq: JD), Baidu (Nasdaq：BIDU), Easy Car (NYSE：BITA), Wang Wei, founder of SF (002352), Dongfang Assets, one of the four state-owned assets companies in China, and well-known venture capital IDG. Among them, Tencent directly and indirectly holds about 33% of Yixin’s shares.

Recently, a number of "Tencent concept stocks" have emerged, including Zhongan Online (06060.HK), Reading Group (which will be listed in Hong Kong on November 8) and sogou, which is going to be listed in the United States.

Zhongan Online is the largest online insurance company in China. In September, it made an IPO in Hong Kong, and the issue price was set at the upper limit of the guidance range, raising $1.5 billion. On the day of listing, the highest increase was 18%, and the public subscription amount of retail investors exceeded 400 times.

Yi Xin has not disclosed the listing fundraising plan. On October 30th, Yixin told The Paper that the company could not make any more comments because it was in the silent period of listing, and everything was subject to the prospectus.

Regarding the positioning and planning of Yixin, Zhang Xuan ‘an, the chairman and CEO of the company, said in an interview with The Paper that Yixin’s positioning is an automotive Internet retail trading platform, and the target model is Ctrip.

Zhang Xu ‘an said that he hopes to provide one-stop services covering the whole life cycle, such as new car trading, second-hand car trading, car installment, car rental, car insurance and after-market service, by integrating its car-washing, Yixin car loan and other apps, and websites in taoche.com and daikuan.com, so as to form a closed-loop service, and let consumers rely on Yixin in every aspect of car consumption.

It took only three years from its establishment to listing: "star" shareholders gave support to traffic and risk control resources.

Yi Xin’s establishment to listing can be described as rocket speed. Yi Xin was first born out of a business unit under Easy Car, and then split into independence in August 2014. Zhang Xuan ‘an is the only one in Yixin’s management who is also the president of Easy Car, and all other management and employees are independent. The back-office departments of the company’s business, brand, App and website are also completely independent.

Since then, every financing has been supported by giant companies such as Tencent, JD.COM and Baidu. Among them, Tencent has the strongest momentum. In addition to the large shareholding of Tencent mentioned above, among the four non-executive directors, there are James Gordon Mitchell, chief strategy officer of Tencent, and Jim Lai, head of Tencent Financial Technology Group. JD.COM and Baidu appointed one person respectively.

People close to Yixin told The Paper that Yixin’s rapid development in just a few years could not be separated from the support of several major shareholders such as Tencent in traffic, risk control system and the construction of "one person, one car" account system.

For a long time, cars, as the second highest-priced low-frequency consumer goods after real estate, have made the online car platform’s customer acquisition cost and channel cost high, and the ability to integrate resources such as traffic and capital is extremely high, forcing many companies to bring huge sums of money to enter the market to attract users by advertising or subsidies, and many former "star" companies have fallen on the road of burning money crazily.

When Yixin started, the problems of users were mostly solved by shareholders. Yi Xin, with the idea of opening up the ecology, does not advertise or establish a closed account system, but directly diverts users from Tencent, Baidu and JD.COM.

According to the prospectus, Yixin’s own website and App have accumulated more than 50 million monthly active users, and the demand for car purchases operated by online platforms in a single month has reached 90 billion yuan.

However, acquiring users and activating transactions are only the first level of cooperation between Yixin and shareholders. According to the prospectus, Yixin will do more product-level mining around the current "people+cars" database to realize the transformation from the trading platform level to the traffic realization level. Industry analysts told The Paper that this actually means that Yi Xin wants to cut more into users’ life scenes.

In an interview with The Paper, Zhang Xu ‘an said that Yi Xin will make efforts to interact with tens of millions or even hundreds of millions of account systems such as Tencent JD.COM in the future. For example, Yixin not only has an entrance in QQ wallet, but also aims at personal tailor products of middle and high-end users who pay for QQ for a long time. Whether it is music, e-books, car washing, car use, etc., Yixin users can use one account smoothly without going through other intermediate links.

In addition to deep bundling in the user car scene, at the risk control level, Yixin has built several sets of intelligent models with partners such as shareholders, and analyzed the behavior, search, consumption, location and other data of automobile consumers by establishing the largest "people+cars" database in China, reducing operational risks. According to the prospectus, the 180-day overdue rate of Yixin’s platform is 0.23%, and the 30-day overdue rate is 0.89%, which is at a low level.

The car trading platform model went through: the net profit in the first half of the year was 261 million

The competition of internet car trading platform is becoming increasingly fierce.

In September 2017, Renren announced the completion of a new round of financing of 200 million US dollars. In August, Youxin Group announced that it had obtained $500 million in financing. In June, the used car of melon seeds announced that it had received over $400 million in B round financing, and Chezhibao announced that it had received 500 million yuan in C+ round financing.

However, a series of financing also makes the market worry, can such a crazy money-burning model continue?

As the "first stock of new automobile retail", Yixin’s listing made the market see the operation data from the automobile trading platform model for the first time.

From the business composition, Yixin has two major businesses: trading platform and self-financing According to the prospectus, Yixin’s income in 2014, 2015 and 2016 in the last three years was 47.99 million yuan, 271 million yuan and 1.488 billion yuan, with a compound annual growth rate of 457%; Among them, from the trading platform business launched in 2016 to the first half of 2017, the trading platform business has accounted for 45% of the total new revenue. This also directly promoted Yixin’s income in the first half of 2017 to 1.551 billion yuan, an increase of 240% compared with the same period of last year.

It is worth noting that Yixin has achieved profitability. The company’s adjusted net profit in the last three years was 3.78 million yuan, 65.603 million yuan and 99.665 million yuan respectively; The adjusted net profit for the first half of 2017 was 261 million yuan.

According to the prospectus, the transaction volume in the first three quarters of this year alone has reached 300,000. As of September 30, 2017, the cumulative management fleet exceeded 500,000 vehicles.

An auto e-commerce industry veteran told The Paper that those who do auto finance now want to get involved in the field of auto trading, while those who do auto trading are doing their own auto finance. These two directions have their own advantages and disadvantages, but no matter which way, in the decade when the Internet is flying, players have entered all fields of food, clothing, housing and transportation, but the automobile retail trading sector has not appeared ashore in the market where many players play. The potential of automobile and automobile aftermarket is still huge, and there will continue to be entrants in the future, and capital will flock to it.

Jost Sullivan, a consulting firm, judged that the value chain of China’s automobile industry is "networked", and the Internet platform can expand the opening scope of the automobile retail trading market to consumers, improve the trading efficiency, promote more effective matching of supply and demand and innovate the traditional trading process. They predict that the number of Internet car retail transactions will reach 5.4 million in 2021, and the compound annual growth rate from 2016 to 2021 will be 39.2%.

Just now, all major Internet car trading platforms are fighting for financial strength, traffic advantages, multi-channel layout, risk control capabilities, etc. What is Yixin’s killer weapon?

The above-mentioned people close to Yixin told The Paper that Yixin’s positioning of its development strategy on the platform of Benchmark Ctrip is actually a transition strategy from self-management to openness and self-management. This strategy will absorb more resources in the industrial chain, such as accessing more car services, including charging piles and battery services for new energy vehicles, and build an "Andriod system" for automobile aftermarket services, which will be packaged in every different individual transaction, forming an automobile trading ecosystem.

"Once the big ecology is established, the customer base will continue to flow, generating multiple values, and the scale effect will become increasingly prominent, strengthening profitability." Zhang Xuan’ an said earlier.

Since its release on the first day of the New Year, Nezha’s Devil Boy Naughties the Sea (hereinafter referred to as Nezha 2) has been making great strides at the box office. By 12: 00 on February 9, the box office had exceeded 7.5 billion yuan, making it the first film in the global single market with a box office exceeding 1 billion dollars. This happened at the time node of the 120th anniversary of the birth of China film and the 130th anniversary of the birth of the world film, which greatly boosted the confidence of the industry, showed the vitality of film art iteration, and enhanced the cultural confidence of Chinese people. During the Spring Festival holiday, "Nezha 2" is contested by many people, which not only shows that it has become a cultural phenomenon, but also means that it should be brought into the research field of vision, and the reasons for its success should be analyzed, which will bring more inspiration to China’s film creation and the development of new mass literature and art..

Nezha 2 marks the arrival of a new stage of China Animation School. In the last century, represented by a series of classic works by Shanghai Animation Film Studio, China Animation School was loved by Chinese people and attracted worldwide attention. However, the mode of creation and production at that time could not adapt to the development speed of contemporary film industry and meet the needs of contemporary film audiences, and it encountered bottlenecks after its glory. Entering a new era, with the deepening of the reform of China’s film industry, thanks to China’s economic and social development, scientific and technological progress, the prosperity of the cultural market and the accumulation of film talents, China’s animation industry has gained new resources and strength and ushered in new development opportunities. A group of young filmmakers and new film companies who love animation have emerged, and a large number of animation audiences in China responded enthusiastically.

Nezha 2 makes us realize that Chinese culture has a very long, rich and heavy ideological resources. In the film, the enchanted beast inspired by Sanxingdui civilization, the gigantic Tianyuan tripod and the bronze mirror ornamentation on the case of the stone maiden take the audience back to the bronze age in China’s history, which was a fierce, gluttonous, primitive, naive and simple human childhood. In the plot, the mixed pearl is divided into two parts, and the magic pill and the spirit pearl grow up separately, which leads to a series of stories. This basic setting is in the same strain as the fable in Zhuangzi that chaos was artificially cut open and died. The battle scene between the fairy and the devil in the film continues the awakening theme of the classic cartoon "What makes the sea" in 1979.

As for the multiple clues of the plot, the beauty and ugliness of the modeling design, and the harmony of the characters, it seems to be too much and too messy. However, if we look back at the Yuan Zaju and the popular novels of the Ming and Qing Dynasties, we will realize that the romance and power of the secular torrent are enough to push the narrative forward. The film continues this secular aesthetic that people like to see and hear, and integrates it with innovation, tempering and recreating. In fact, we can also find some influences of western animation and Japanese animation from Nezha 2. The western culture that has entered China since modern times has been used in the construction of contemporary culture in China, which is one of the cultural stories in the process of Chinese modernization.

"Nezha 2" makes us notice that the growth of China New Force filmmakers has entered a new stage of cultural and ecological development. On the one hand, the strength of the new generation of literary and art workers lies in their profound experience and understanding of China’s reality, society and life, and finally transformed into a new artistic language. Many young viewers found their own shadows in Nezha 2. They regarded Taiyi as a desperate programmer, regarded Nezha’s hard thorn as a past pain, regarded Mrs. Yin’s embrace as a redemption brought by great love, and regarded Qi Xin’s struggle to break the cauldron as a struggle to create the future … … So there was a deep empathy and resonance. It can be seen that if the myths and fantasies that seem to be unconstrained, if you want to convince and love the audience, you can’t leave the down-to-earth realistic spirit and the realistic feelings of empathy.

On the other hand, the filmmakers of New Power consciously carry out the practice of art cross-border, media integration, technology upgrading and mutual learning of civilizations, and show a systematic trend. In "Nezha 2", the fragment of the battle between the soil and fat slope and the woodchuck, and the colorful wonders rendered by the ink particle technology are all supported by peers. Force Digital Technology, a well-known company in the industry, even "stopped" its own projects to ensure the completion of part of its work on Nezha 2. The belief that "unity is strength" has increasingly become the consensus of China film industry. Whether it is the individual creator, studio or enterprise, they have gone through the stage of individual combat and individual camp, and consciously moved towards a benign ecology of cooperation, resource sharing, industry expansion and overall win-win.

Nezha 2 tells a good story, and the birth and popularity of Nezha 2 is also a good story. The former belongs to the creator, and it is a creative individual; The latter belongs to China’s animation, movies, science and technology, etc. They constitute a larger subject, that is, new popular literature and art and new cultural atmosphere. "Debate over Six Qi" is not small; "Take advantage of the right of heaven and earth", the big one will be bigger. The distant place of China culture, the future of China films, will be held in Wan Li. (Author: Zuo Heng, director and researcher of film culture research department of China Film Archive)

People’s Daily (20th edition, February 11th, 2025)

Source: Moscow Times

　　Overseas Network December 18th　Recently, an office photo of Russian President Vladimir Putin was exposed. As can be seen from the photo, Putin’s office computer still uses Windows XP system, and this detail has caused heated discussion.

　　Comprehensive Moscow Times and Guardian reported on 17th that a news photo released by the Kremlin showed that Windows XP was still installed on the computer desktop of Putin’s office.

　　According to the report, Microsoft officially stopped technical support for Windows XP and Office 2003 in April 2014, focusing on the updated operating system, and reminded users that if they continue to use Windows XP, they will be more vulnerable to virus attacks.

　　Kremlin spokesman peskov did not publicly explain to the media why the Kremlin has not updated the operating system of Putin’s computer. Foreign media speculated that the Russian government imposed restrictions on foreign software used by officials, which may be the reason why Putin’s computer did not update its system. It is unclear how much threat Putin’s computer uses Windows XP to Kegong’s network security.

　　According to the export control documents of the Russian Ministry of Defense, Windows XP has been certified by the Russian Technology and Export Control Bureau, and it is the last Microsoft operating system used by Russian government agencies. Windows 10 is only approved for computers that do not contain state secrets.

　　On December 2, Putin signed a law prohibiting the sale of smart phones, computers, etc. without pre-installed software specified by the Russian government. Putin also signed a law on the same day, stipulating that website operators must store Russian user data on data processors in Russia. Legal persons or individuals who violate this regulation and refuse localization will face fines. The law will take effect from July 1, 2020.

　　According to the report, Russia plans to let computers of all government agencies and "strategic" companies use domestic operating systems to replace the software of Microsoft and Apple by 2025-2030.

　　In addition to computers, the mobile phone used by Putin is also the focus of attention. A number of Russian media have previously exposed Russian President Vladimir Putin’s "secret of mobile phone", saying that Putin has a special mobile phone, which is thicker than ordinary smart phones and has several levels of protection measures, including settings to prevent signal theft and eavesdropping. (Sharla Cheung)

　　Tomorrow, our mobile phone will be screened by Buffett again!

　　At 22:15 Beijing time on May 4th, the annual shareholders’ meeting of Berkshire Hathaway will be held in Omaha, USA. It is estimated that about 30,000 shareholders will attend, and millions of people will watch it online. The most noteworthy issues of this shareholders’ meeting include:

　　Who is Buffett’s successor? — — Bashen is 88 years old and Munger is 95 years old.

　　What about Berkshire’s more than $110 billion in cash? — — Look at the company’s share price of $320,000. Do you still think Maotai is expensive?

　　The repurchase scale will be as high as $100 billion? — — There are not many good companies worth buying, so I have to buy myself.

　　However, for A-share investors, they may be more concerned about this question: What does Buffett think of the China market? Which stocks of A shares meet its stock selection criteria?

　　Which A shares can enter the eyes of the law?

　　There are many criteria for Buffett’s stock selection, but there are clear quantitative criteria. He only said one sentence, that is, the annual return on net assets (ROE) is greater than 20% for 10 consecutive years.

　　The so-called return on equity (ROE) is the ratio of company profits to shareholders’ equity. It represents the investment income of investors, in short, how much money the enterprise can earn for investors.

　　ROE is a measure of a company’s long-term profitability. The higher the ROE, the higher the net profit it earns with the same shareholder capital investment. According to Coca-Cola’s standard, that is, keeping the ROE above 20% for 10 consecutive years, it is the company that Buffett may like.

　　So, which companies in A shares meet Buffett’s standards?

　　Wind data shows that in the 10 years from 2009 to 2019, among the listed companies whose ROE (deduction/dilution) continuously exceeds 20%, there are only five listed companies in A shares, namely Kweichow Moutai, Haitian Weiye, Gree Electric, Yanghe and Chengde Lulu.

　　The average share price increase of these five listed companies in the past 10 years is 690.49%, and the annualized rate of return is 22.97%. The biggest increase is Kweichow Moutai, which rose 12 times in 10 years, followed by Gree Electric, which rose more than 11 times in 10 years.

　　If we relax the ROE standard to 15%, that is, we will keep the ROE above 15% for 10 consecutive years. So, how many companies in A shares meet this standard?

　　Wind data shows that in the 10 years from 2009 to 2019, there were 14 listed companies with ROE (deduction/dilution) exceeding 15% continuously, namely Shuanghui Development, Kweichow Moutai, Haitian Weiye, Hikvision, Gree Electric, Huadong Medicine, Yanghe, Chengde Lulu, Hengrui Pharma, Chongda Technology, dongfeng shares, Fuyao Glass and so on.

　　The average share price increase of these 14 listed companies in the past 10 years is 551.72%, and the annualized rate of return is 20.62%. Among them, Hengrui Pharma, Kweichow Moutai and Gree Electric rose more than 10 times, while Huadong Medicine, Hikvision and Golden Mantis rose more than 5 times.

　　Is Bashen’s strategy unacceptable?

　　In the past 10 years, what is the investment income of Warren Buffett?

　　According to media calculations, if an investor bought a dollar of Berkshire stock 10 years ago, the return today is about $2.4, but if this dollar is invested in the Standard & Poor’s 500 Index Fund, the return today is about $3.2. In other words, in the past 10 years, the income from investing in Berkshire has not been as high as that from investing in the S&P 500 index fund.

　　In 2018, the worst performance of global financial assets in the past 100 years, the "stock god" seems to be unhappy. Suffering from various "thunder" such as Apple’s performance falling short of expectations and Kraft Heinz’s performance changing face, Berkshire lost more than $25 billion in the fourth quarter of 2018, but still earned more than $4 billion in the whole year.

　　But in A-share market, Buffett’s stock picking strategy still seems feasible.

　　In the past decade, 108 A-share stocks have increased more than 5 times, and 29 have increased more than 10 times. The median ROE of these 29 stocks is 14.88%. During this period, the Shanghai Composite Index rose by 24.72%, the Shanghai and Shenzhen 300 Index rose by 50.2%, the CSI 500 Index rose by 74.59%, and the Shenzhen dividend index rose by 132.51%.

　　Obviously, those companies with long-term earning ability and dividend-paying ability can surpass the market if they buy at a reasonable price. However, it should be pointed out that value investment is by no means equal to an ROE index, and the stocks selected according to it are not necessarily suitable investment targets, but only help us find out those good companies more easily.

　　The above data illustrates two problems:

　　First, as Buffett said: "By investing in index funds regularly, an investor who knows nothing can usually beat most professional fund managers." Buffett has recommended index funds for more than ten times.

　　In Buffett’s view, the vast majority of investors rarely invest in index funds, and as a result, their performance in investing in stocks is mostly just mediocre, or even disastrous. There are three main reasons for the loss of investment stocks:

　　1. The cost is too high, investors buy and sell too frequently, or the expenses are too large;

　　2. Investment decisions are made according to gossip or market trends, rather than after careful consideration and quantitative analysis of listed companies;

　　3, blindly chasing up and down, buying or selling at the wrong time.

　　Second, practice has proved that the companies with the strongest earning power in A-shares can bring rich long-term returns to investors.

　　The overall growth level of A-share listed companies is better than the average level of social enterprises. The long-term stock price trend charts of leading enterprises such as Gree Electric, Vanke A, China Merchants Bank, China Ping An and Fuyao Glass are all consistent with the development path of enterprises.

　　The method of value investment has not failed in A-shares. In fact, A-shares will create a good opportunity for value investors to pick up bargains every few years, making it easier for investors to meet good prices. Numerous masters have emphasized that all investment is to find a good industry, a good company and a good price.

　　Finally, Buffett has bought two China stocks so far — — China Petroleum and BYD.

　　In 2003, Buffett bought H shares of China Petroleum at a price of HK$ 1.6, and cleared the position when the share price reached HK$ 13.5 in 2007, with a four-year income of more than 7 times (the reinstatement factor has been considered, the same below). When Buffett bought it, the P/E ratio of China Petroleum was only 5 times, while when China Petroleum was listed on A-share in 2007, the P/E ratio of 48 yuan’s opening price was as high as 63 times.

　　In 2008, Buffett subscribed for 225 million shares of BYD at a price of about HK$ 8 per share. At present, Buffett still holds shares in BYD, and its latest share price is HK$ 53.55, and its income has exceeded five times. When Buffett bought BYD shares, the corresponding P/E ratio was only 10.2 times. At present, its latest P/E ratio is 39.29 times.

　　China securities journal Song Zhaoqing

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The exterior design of BMW i4 shows unique style and modernity. The front face adopts the iconic kidney-shaped air intake grille, and the grille adopts a closed design to highlight its electric identity. The LED headlight groups on both sides are connected with the air intake grille, showing a wider visual effect. The body lines are smooth and dynamic, and the outline of the whole car presents a combination of elegance and strength. The overall design style not only retains the classic elements of BMW, but also incorporates a sense of futurity and technology. The exterior design of BMW i4 fully demonstrates its unique charm as an electric vehicle.

The dimensions of BMW i4 are 4785mm long, 1852mm wide, 1455mm high and 2856mm wheelbase. The front tread is 1601mm and the rear tread is 1630mm. The car side lines are smooth and dynamic, with 18-inch rims, which are 245/45 R18 in front of tyre size and 255/45 R18 in rear of tyre size, showing the perfect integration of sports style and elegant design.

The interior style of BMW i4 is elegant and full of scientific sense. The center console adopts a 14.9-inch floating touch screen, which supports voice recognition control of multimedia system, navigation, telephone and air conditioner. The steering wheel is wrapped in high-quality leather and has the function of manual adjustment, which is convenient for the driver to adjust according to his personal needs. The car is equipped with multiple USB and Type-C interfaces, two in the front row and two in the back row, to meet the charging needs of multiple devices. The front row is also equipped with wireless charging function, which is convenient for drivers and passengers to charge their mobile phones at any time. There are many choices of seat materials, including imitation leather, genuine leather and leather /Alcantara mix-and-match. The main and co-pilot seats have multiple adjustment functions, including front and rear adjustment, backrest adjustment, height adjustment, leg rest adjustment and lumbar support, providing excellent ride comfort. In addition, the front seats also support heating function to improve the comfort of driving in winter.

BMW i4 is equipped with an efficient motor with a maximum power of 210 kW and a maximum torque of 400 Nm. This dynamic performance not only ensures the acceleration response and driving stability of the vehicle, but also brings a satisfactory driving experience to the driver.

Car home car owners are full of admiration for BMW i4. He mentioned: "Sound insulation is good, power is sufficient, and the appearance is king. I don’t think I will lose my sister Mercedes-Benz when I make the volcanic red interior." This evaluation not only highlights the excellent performance of BMW i4 in sound insulation and power, but also gives high praise to its appearance and interior design.

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The design of Mercedes-Benz EQE is very futuristic. It adopts Mercedes-Benz family-style front face design and a closed air intake grille, which makes the whole front look very simple and full of technology. The body lines are smooth, and the side waistline extends from the front door to the rear of the car, creating a dynamic visual effect. In addition, EQE’s rear design is also simple and exquisite, and the taillights are designed through, which further enhances the recognition and modernity of the whole vehicle. On the whole, Mercedes-Benz EQE fully demonstrates the design concept and technical strength of Mercedes-Benz brand in the era of electrification with its unique design style and smooth lines.

Mercedes-Benz EQE has a body size of 4969*1906*1514mm, a wheelbase of 3120mm, smooth side lines and 19-inch rims, and a tyre size of 235/50 R19, providing stable grip and elegant appearance for the vehicle.

The interior design of Mercedes-Benz EQE is dominated by luxury and sense of technology, and adopts leather-like seats, which provide front and rear adjustment of the driver’s seat, backrest adjustment, height adjustment (4-way), leg rest adjustment and lumbar support (4-way), and has heating and ventilation functions. The steering wheel is made of leather, which supports electric up and down+front and rear adjustment, which is convenient for the driver to adjust to the best driving posture. The 12.8-inch central control screen integrates the control functions of multimedia system, navigation, telephone, air conditioner and skylight, and with the voice recognition control system, the driver can operate the vehicle more easily. In addition, the car is equipped with three Type-C interfaces in the front row and two Type-C interfaces in the back row, which supports the wireless charging function of mobile phones and meets the needs of passengers using electronic equipment in the car.

Mercedes-Benz EQE is equipped with an efficient motor with a maximum power of 215 kW and a maximum torque of 556 Nm, providing drivers with strong power output and excellent driving experience.

As mentioned in the evaluation, EQE’s appearance is novel and he is very satisfied. He thinks that this design will not be out of date for at least the next five years. Although some people think that EQE’s appearance is too round, @Dashiell thinks that this is more due to personal aesthetic differences.

1905 movie network news Directed by Andre Brock and Christian Haas, written by Gregory Balanes and Andre Brock, and voiced by Kate Winslet, an animated film has recently exposed a set of character photos, which has set off a big wave of "budding tide" on the whole network. It is reported that the film has received 180,000 praises on facebook, and the exposure of this role photo has also made China netizens instantly circle the powder. Together with the voice of the former "Ruth" Kate Winslet, I believe it will bring different audio-visual enjoyment to the audience.

The protagonist "natural to stay" sells Meng and steals the mirror.

Manou the Swift is a typical adventure animated film, which tells the story of a little Swift who has always regarded himself as a seagull. In the process of growing up, it finds that it can’t fly like a seagull. After being shocked, it runs away from home and starts an adventure. In this adventure, it experienced various setbacks, but it also unexpectedly realized its true identity. Then it was forced to face a great disaster of Swift and Seagull family. Where should Little Swift go … …

Xiao Swift in the film is the spokesperson of "brave and strong", which not only portrays the witty and brave side properly, but also creates a warm and touching atmosphere of family. From the role photos released this time, we can see that Manou the Swift’s role image is more eye-catching. The three protagonists show the attributes of "natural to stay" at the same time, which makes people’s hearts sprout. Especially, those invincible electric eyes are very stealthy, and the full sense of "online celebrity" animation refreshes the audience’s eyes and unconsciously attracts a large number of "mom fans". Many fans said that "the big eyes are so cute, and they are circled in an instant" and "which one is the small swift, I really want to see it"!

"Ruth" speaks for the seagulls.

In addition, it is worth mentioning in the film that the strength of Kate Winslet, the heroine who once swept the world, will bring unexpected surprises to the audience. It is understood that the winner of Kate Winslet Oscar, Golden Globe Award and Emmy Award for Best Actress once dubbed "Rushing into the Distance" for Aardman animation, and the dubbing lineup that joined Manou the Swift this time has voiced these seagulls, which is a great attraction. I believe that the sound collision between the superb acting "Ruth" and the seagulls will definitely spark a wonderful spark.

At present, the film is expected to be jointly introduced by TURBO FILM and Mango Entertainment.

Globally, the cumulative sales volume of brands has reached 500,000.

On November 9, Euler took the opportunity of the fourth anniversary of the cat’s listing to launch an anniversary edition model, with a price of 129,800 yuan and a limited sale of 520 units.

In terms of color matching, the anniversary edition uses the striking "Sailimu Lake Blue" as the main color of the car body, supplemented by the "Siam Black" contrasting roof, which reflects the texture of distinct colors. It is reported that "Sailimu Lake Blue" adopts the "eight-coating process", that is, the number of color paints and corresponding transition coatings is greatly increased, and the characteristics of self-repair and high corrosion resistance are realized. Officially, its tiny scratches will be automatically repaired after being exposed to sunlight, and at the same time, it can effectively filter ultraviolet rays, slow down the aging and fading speed of car paint, and can guarantee corrosion protection for more than 10 years.

Euler Good Cat Anniversary Edition is also equipped with a "Night Elf" exclusive suit, including a black front fog light area decorative cover, a black exterior rearview mirror, a black headlight decorative cover and a yellow brake caliper. In the interior, the Euler Good Cat Anniversary Edition adopts a durable green and gray contrast design.

In terms of configuration, the new car is consistent with the 401km distinguished model with a price of 125,800 yuan, and a Michelin tire set worth 3,999 yuan is given free of charge, which just offsets the price difference between the anniversary edition and the distinguished model.

Under this configuration, the new car is equipped with a 47.8kWh Contemporary Amperex Technology Co., Limited, with a CLTC working life of 401km and a maximum motor power of 126kW. L2-class driving assistance function, parking assistance, six airbags in the whole car, heating & ventilation of the driver’s seat and massage function are all standard.

It is worth mentioning that the cumulative sales volume of Euler brand in the world has exceeded 500,000, among which the cumulative sales volume of Euler Good Cat, the main sales model, has exceeded 260,000 in the past four years.

Taking this opportunity, Euler Good Cat, including the anniversary edition, can enjoy a comprehensive discount of 10,000 yuan, including 4,000 yuan insurance subsidy and up to 6,000 yuan factory trade-in subsidy. The above subsidies and national trade-in subsidies can be superimposed. For users who have old cars and want to replace Euler’s good cat, the starting price can be 95,800 only by the official sales policy of Euler’s good cat (excluding the national trade-in subsidy).

In addition, such as the lifetime warranty of the first non-operating vehicle owner, the four-year 150,000-kilometer warranty of the whole vehicle, three-year free entertainment traffic, two-year free charging pile installation, maintenance and transportation, on-site service and road rescue service are also provided. Interested partners may wish to go to the store to learn more.

The author of this article is warming the wind for kicking the car.

The play method is divided into four steps. See below for details.

1. Because offline mode only supports local gameplay, that is, two people play on the same screen on a computer, first of all, two people need to prepare a keyboard and a handle respectively.

2. Player 1 uses the keyboard to press Enter to confirm that he is Player 1.

3. Player 2 connects the gamepad to the computer and presses the A key to confirm that he is player 2.

4. When both players are ready, they can click Continue and choose their roles to play freely in offline mode.

　　[Aika motor　information　Car selection　map storage]

　　Aika Motorcycle has learned that the final version of the model of Qianjiang Motorcycle and Harley-Davidson has now been settled. It is understood that the car will be divided into two displacement models, 350cc and 500cc, equipped with an in-line two-cylinder engine, and has a strong American Flat Track style in terms of design. The final names of the models are likely to be X350 and X500.

　　It is not difficult to see that both models are designed in retro streetcar style. It is rumored that Harley is solely responsible for the appearance. It can be seen that it has a good performance in the overall texture and completeness, and the overall style highlights the modern sports American Tracker style.

　　Tracker style originated in the United States. When British knights were still shuttling between cafes, Americans began to race around in the oval mud called Flat Track. Therefore, the original Tracker models were all launched by American brands, and Harley is the brand that will carry forward Tracker. Judging from the exposure pictures, the cooperation between Harley and Qianjiang seems to be awakening the X series, and the names of the two cars are likely to be X350 and X500.

　　We can see that Qianjiang has made frequent moves in international cooperation. Whether it acquired Benelli, a century-old Italian motorcycle company, or cooperated with brands such as MV AGUSTA, Harley and Peugeot successively, it has empowered itself with world-leading technology, manufacturing and quality control standards, and produced cars with higher technology, better design and higher grade that represent China brands. Although some problems will inevitably be exposed in the process of progress, it is still one of the most potential and fastest-growing companies in China’s Mo Enterprise Corps.

Wonderful content review:

It looks good. aprilia Tuareg 660 real shot

The displacement entry configuration is not bad. Try Longjia Sixties 150Si.

Domestic products are still original, and experience Honda NSS350 first.