Dry goods | Cross-border e-commerce VS differences in domestic e-commerce Operational articles

Dry goods | Cross-border e-commerce VS differences in domestic e-commerce Operational articles

Many companies that have made a fortune on e-commerce platforms have found that,The "record high" of platform data is actually the unprofitable prosperity of losing money and earning money..

The domestic competition is too fierce, and more people choose to swing the rudder.Sail the ship overseas.As a novice, when I first came into contact with the world of flowers and flowers abroad, did I have the feeling of going into the misty forest and longing for the guidance of the gods?

Today, this dry goods is dedicated to the bosses who entered the cross-border e-commerce. I hope all the bosses.Take fewer detours, jump less pits, and win a good start in one fell swoop.!

Selection method

Domestic selection

Havedirectionality, usually for customersRefined operational stratificationAccurate selection of products through activities.

Cross-border selection

Biased considerationSmall size, light weight, simple function and few after-sales problems.Products.

Before 2016, cross-border e-commerce products were basically from a domestic treasure or a Baba platform.

Now it’s even more challenging.Tap new market demand, control product quality and brand positioningAnd other factors, throughDeep positioning customer baseTo match related products.

one

Selection dimension

What do customers need?

Used in that scene

What is the purchasing power of the crowd?

Can the product bring high repurchase?

2

Product selection channel

You can go through seven channels, such asThird-party platform, social media, independent station, domestic channel, IP channel, SPY tool selection, American crowdfunding networkWait, finding good goods is the process of finding wealth ~

Stocking mode

Domestic e-commerce

Usually.Self-built factoryorLink factory channel, domestic warehouse stock delivery.

cross-border electricity commerce

There are many ways to stock up, and whether to stock up mainly depends on the operation mode, mainly includingDrop-shipping, mass distribution, boutique shopsThree kinds.

one

Drop-shipping mode

Also known as "one generation", merchants will haveStable supply chainchannelAnd the supplier helps it to ship overseas, without stocking, justAlways master the supply and inventory..

2

Spread goods in large quantities

That is, in the 1688 large-scale supply chain platform to find suitable products to place orders and be delivered by merchants.

three

Boutique shop

Large merchants usually build their own domestic warehouses or overseas warehouses, which need to be carried out because the products are branded or customized.Stock up in large quantities, the stocking volume is the average monthly sales.1.5 times.

The way they operate

Domestic e-commerce

bothThe underlying operational logic is different..

Domestic e-commerce focuses onStore operationMarketing promotion and brushing account for a large proportion.

The most remarkable feature is the marketing sense of "if you don’t buy, you will miss a hundred million" on its page.

cross-border electricity commerce

Focus on cross-border e-commerceBrand operationPay more attention to product quality and user experience (of course, it is also brushed abroad, but it is not so crazy).

Foreign e-commerce pages are mostly minimalist with pure white background.

Cross-border e-commerce is divided into third-party platforms and independent stations, and their operating skills and methods are quite different.

one

Third-party platform operation

Its operational core will change according to platform algorithm ranking, traffic, customer experience and performance management.

Platform algorithm determines the ranking of products.The ranking of products that meet the requirements of the algorithm will rise.

At the same time,The higher the ranking, the greater the product flow., generallyThe better the transformation effect is.This is consistent with the logic of domestic e-commerce, and the acquisition of platform public domain traffic is becoming more and more expensive.

2

Independent station operation

In addition to selecting products for independent station operation,Drainage is very important.

Generally speaking, a "mom-and-pop shop" needs itself.Master the core drainage skills of Facebook and Google.But now SaaS products are becoming more and more intelligent, and product selection and drainage can be solved through products.

mode of payment

Domestic e-commerce

The development of domestic e-commerce is very mature. Both Alipay and WeChat can be bound to credit card payment, and the process is relatively simple.

cross-border electricity commerce

Cross-border e-commerce payment involves cross-border capital flow. Whether it is PayPal, World First, Ocean payment, 2checkout, Stripe and other payment operators, the process needs to be divided intoreceive and payandsettle a foreign exchange accountTwo steps.

Third party platformandIndependent stationThe collection methods are also different.

one

Third party platform

The collection method is relatively simple, justFor payment operators with compliance operation licenses(such as PayPal, WF, Payoneer, Lianlian, Pingpong, etc.)As a collection and settlement tool and withdraw it to the company’s corporate account.Just do it.

2

Independent station

The payment method is similar to the above, but the independent station is built by the seller himself, so the collection will beConsider the mainstream payment methods of store customers.To set up.

Generally speaking, North American customers often use PayPal, while European customers are more accustomed to using credit cards, so you can set up foreign card acquiring tools such as Stripe, 2checkout, Ocean payment, Asiabill, etc.

Logistics mode

Domestic logistics

Domestic e-commerce logistics is in an oligopoly state, basicallyShunfeng+santong Yida.

Cross-border logistics

Cross-border e-commerce logistics is divided intoTouchengandTail course, methods and logistics partners have a wider choice, and according to the different national sites, they haveterritoriality.

Cross-border logistics types are mainly divided into:Self-delivery, overseas warehouse, third-party platform warehouse (such as Amazon FBA distribution).

Either way, it mainly depends on three factors: timeliness, cost and comprehensive customer experience.

one

Self-delivery

Most of them are concentrated as followsSmall package delivery, most of the channels used are China postal system or special line packets in a certain area.

2

Overseas warehouse

Mainly throughForecast the sales volume of the target marketandPrepare products to overseas warehouses in advance.(warehouses are generally provided by cooperative logistics providers), and can be provided after the store issues the order.Deliver goods from overseas warehouse to customer address., improve the timeliness.

three

Third-party platform warehouse

Prepare the products in advance toThird-party platform warehouseAfter the store issues the order,The third-party platform undertakes parcel delivery..

Collection cycle

Domestic e-commerce

Such as a treasure, the general account period is from the customer’s signing date.T+7God.

cross-border electricity commerce

Whether it is a platform or an independent station, the payment cycle is much longer than that in China.

one

Payment cycle of third-party platform

For example, Amazon’s delivery+payment time is generally30-45 daysSpecial circumstances will even be extended to60 daysIn the process, it may also involve customer complaints, returns and other issues.

2

Independent station payment cycle

It involves logistics delivery, arrival confirmation, risk control evaluation of collection platform accounts and cash withdrawal cycle. Therefore, the payment time cannot be generalized.

If it is a new PayPal account registered by a new seller, the risk control lending time may be extended, and the general extension time is21 daysAfter thawing, the time for applying for cash withdrawal and receiving the account isT+7 days.

The duration of the credit card payment part is longer, andDepends on the seller’s risk control levelGenerally, when there is no customer complaint or non-payment, the time after lending isT+15 days.

customer service

Domestic e-commerce

Whether it is a platform or a WeChat social e-commerce, the most basic requirements for customer service areConsultation second return.

cross-border electricity commerce

The main responsibility of cross-border e-commerce customer service is to maintain the account, and the questions raised by customers only need to beEmail reply within 24 hoursJust do it.

The difference in operation mode determinesBusiness model after starting a business.

In this part, cross-border e-commerce and domestic e-commerce put forward different requirements for the ability of entrepreneurial teams.

What kind of ability does your team have more? Or do you prefer to build a team with what ability?

(Source: Cross-border old guns)

The above content belongs to the author’s personal opinion and does not represent Hugo’s cross-border position! This article is reproduced with the authorization of the original author, and it needs the authorization and consent of the original author.

Chinese inventory 2017! How many top ten buzzwords do you know?

  Cctv newsAs an important part of the "Chinese Inventory 2017" activity, the National Language Resources Monitoring and Research Center released the "Top Ten Catchwords of 2017" yesterday, among which the "19th National Congress" and "New Era" were on the list.

  The "Top Ten Catchwords in China in 2017" are "19th National Congress, New Era, Sharing, xiong’an new area, BRICS, Artificial Intelligence, Community of Human Destiny, Tianzhou No.1, Roll Up Your Sleeves, Do not forget your initiative mind, Remember Your Mission". The National Language Resources Monitoring Corpus uses language information processing technology, and selects ten words with the highest frequency according to the frequency of words, combined with manual post-processing extraction and screening, which represents the focus of mainstream media in China, language characteristics and change indications.

Professor Yang Erhong of beijing language and culture university

Professor Yang Erhong of beijing language and culture university

  Professor Yang Erhong of beijing language and culture universityAfter the 19th National Congress, the media is constantly combing all kinds of hot words, so it naturally becomes a buzzword in China media in the process of data extraction.

  There are five buzzwords related to the 19th National Congress, which are "19th National Congress", "New Era", "Roll up your sleeves and work hard", "xiong’an new area" and "Do not forget your initiative mind, remember your mission". Experts believe that such words become buzzwords, which not only represent Chinese’s beautiful expectations for the future, but also show everyone’s determination and drive to a new era. The selection of the words "artificial intelligence" and "Tianzhou No.1" reflects people’s great concern for the development of science and technology.

  Professor Yang Erhong of beijing language and culture university"Artificial Intelligence" is probably a familiar word, and it has attracted particularly high attention this year because on July 20th, the State Council released the development plan of a new generation of artificial intelligence. "Tianzhou-1" is also a breakthrough in China’s aerospace technology, and it was also a cheer when the docking was successful.

  [Extended reading]

  Candidate words of the year are released, and online voting has begun.

  "Chinese Inventory 2017" also released 20 candidate words of the year. Different from the buzzwords of the year, the opinions of netizens dominated the selection of candidate words. Let’s take a look at which candidate words were recommended by netizens.

  Among the domestic candidate words, words such as "new era" and "initial heart" that became hot with the convening of the 19 th National Congress were highly recommended by netizens. At the same time, it represents the "enjoyment" and "cloud" of innovation, the "praise" and "artificial intelligence" commonly used in netizens’ communication, and the "four new inventions" and "artificial intelligence" representing the life changes of China people have all been selected.

  Among the international candidate words, "the community of human destiny" is strongly recommended by netizens. The conflict-related words such as "nuclear", "attack" and "North Korean nuclear crisis" are also highly concerned by netizens, and words such as "alpha dog" and "gravitational wave" representing the latest achievements in scientific and technological development are also recommended by netizens.

  At present, the selection of word of the year has entered the stage of online voting. The 2017 domestic word of the year, word of the year and international word of the year and word of the year voted by netizens will be announced on December 21st.

Can American chip companies sit still? Voice of China Semiconductor Industry Association

On July 19th, the China Semiconductor Industry Association issued a statement on maintaining the globalization of the semiconductor industry, saying that recently, our association noticed that the media widely reported that some leaders of American chip companies were trying to lobby the US government to reduce trade restrictions and promote global cooperation. The American Semiconductor Industry Association also issued a "statement on the potential additional restrictions of the US government on the semiconductor industry". This reflects the concern of the American semiconductor industry about what the American government has done.

China’s semiconductor industry is rooted in globalization, and it grows and grows in globalization. We will always adhere to open cooperation, jointly safeguard the globalization of the semiconductor industry with all industrial colleagues in countries and regions around the world who are willing to cooperate, and promote the government/authorities to support international cooperation in the semiconductor industry. At the same time, China’s semiconductor industry will continue to innovate, constantly improve its competitiveness and develop together with global partners.

Foreign media: the White House or upgraded China Semiconductor imposed restrictions, and the executives of the Big Three American chips met with government officials urgently!

According to the report of Reuters quoted by Reference News Network on July 17th, while the most influential semiconductor lobby group in the United States urged (the government) not to implement more restrictions on China under consideration, the State Council and sources in the United States said that executives of American chip companies met with senior officials of Biden’s government on July 17th to discuss China policy.

According to the report, a the State Council spokesman told reporters that Secretary of State Anthony Blinken had a talk with CEO of several chip companies about the industry and supply chain after his recent visit to China.

A person familiar with the matter said that government officials such as Gina Raimondeau, Minister of Commerce, Lyle brainerd, Director of the National Economic Council, and jack sullivan, Assistant to the President for National Security Affairs, met with executives of Intel Corporation, Qualcomm Corporation and NVIDIA Corporation.

Image source: vision china -VCG111374581230

According to the report, the chip industry is eager to protect its profits in China when the Biden administration is considering implementing a new round of restrictions on chip exports to China. According to the data of American Semiconductor Industry Association, last year, China’s semiconductor purchase amounted to US$ 180 billion, accounting for more than one third of the global total of US$ 555.9 billion, making it the largest single market.

According to the report, the State Council spokesman Matthew Miller said at a press conference that Blinken tried to "share his views on the industry and supply chain issues, especially after his recent visit to China" and "listen directly to how these companies view the supply chain issues and how to do business in China". Another person familiar with the matter said that discussions with government officials also included speeding up the disbursement of government funds promised by the Chip and Science Act to semiconductor companies, and ensuring that US policies would not exclude chip companies from the lucrative China market.

The American Semiconductor Association voiced its appeal.

According to The Paper, the American Semiconductor Industry Association issued a statement in official website on 17th about the possible additional restrictions on semiconductors imposed by the US government. The statement said that the White House has repeatedly adopted overly broad, vague and sometimes unilateral restrictions.It may weaken the competitiveness of the semiconductor industry in the United States, destroy the supply chain and cause major market uncertainty. SIA urged the White House to engage more extensively with industries and experts, and not to implement further restrictions before evaluating the impact of current and potential restrictions, so as to determine whether they are narrow and clearly defined, whether they are uniformly applied, and whether they are fully coordinated with allies.

The source added that the US government is also concerned about China’s acquisition of the most advanced artificial intelligence chips, and said that Washington seems to be about to tighten the rules on the calculation speed of such chips, but has not yet set a specific threshold.

Ministry of Foreign Affairs: I hope the US will create a good environment for Sino-US economic and trade cooperation.

On July 18th, Foreign Ministry Spokesperson Mao Ning held a regular press conference.

According to CCTV news, a reporter asked, it is reported that Biden’s government will introduce a series of policies to restrict investment in China, including cutting-edge technologies such as semiconductors, quantum computing and artificial intelligence, but it does not involve biotechnology and energy industries. What is China’s comment on this?

In this regard, Mao Ning said that China has always opposed the politicization and weaponization of economic, trade, scientific and technological issues by the United States. We believe that artificial obstacles to normal technical cooperation and economic and trade exchanges violate the principles of market economy and disrupt the stability of the global supply chain, which is not in the interest of either party. We hope that the US will implement President Biden’s promise that he has no intention to "decouple" from China, obstruct China’s economic development and contain China, and create a good environment for Sino-US economic and trade cooperation.

Ministry of Commerce: China is the largest semiconductor market in the world.American repression will eventually bite itself.

Recently, some media reported that the United States is considering imposing new restrictions on the export of artificial intelligence chips to China.

According to CCTV news, on July 6th, a spokesman for the Ministry of Commerce said at a regular press conference that China is the world’s largest semiconductor market, with chip sales accounting for about one-third of the world’s total. If the United States suppresses and curbs, it will eventually bite itself.

Shu Yuting, spokesperson of the Ministry of Commerce: For some time, the US has been abusing export control measures, continuously strengthening the suppression and containment of Chinese semiconductors, and artificially splitting the global semiconductor market. This is a destruction of global free trade, a disregard for international economic and trade rules, and a violation of the principle of fair competition. Semiconductor is a typical representative of global industrial division of labor and cooperation. China is the world’s largest semiconductor market, with chip sales accounting for about one-third of the world’s total, which is the result of mutual benefit and win-win cooperation between enterprises in China and other countries. The U.S. approach will not only harm the legitimate rights and interests of China enterprises, but also seriously affect the interests of many countries and regions, hinder global scientific and technological exchanges and economic and trade cooperation, and will eventually bite itself. The concerns of the American industry have already illustrated this point.

National business daily Comprehensive CCTV News, China Semiconductor Industry Association, Reference News Network, The Paper

A case of asymptomatic infection was found in Kaifeng, Henan Province, and some areas were temporarily controlled.

  CCTV News:"Kaifeng released" WeChat WeChat official account news. On September 27th, a case of asymptomatic COVID-19 infection was found in the normalized nucleic acid test in Kaifeng city. The activity trajectory is now announced as follows:

  Male, 39 years old, now lives in Yanfuyuan Community, Longting District.

  On September 21st, I did nucleic acid sampling in the nucleic acid sampling room of Yanfuyuan Square at 8:11, had breakfast at Zhangji Hulatang Restaurant on Tiyu Road at 8:18, shopped at Nanfuchang Tea House on Dongtou Road in Hedao Street at 10:29, shopped at Huabei Supermarket at 10:41, dined at Haoxianglai Restaurant in Shanghe City at 11:42, shopped at New Mart Mall at 12:37 and went to private courtyard at 15:00.

  On September 22nd, I had breakfast at the chopped green onion oil cake shop in Xipo North Street at 7:03, did nucleic acid sampling at the nucleic acid sampling house in Yanfuyuan Square at 7:43, went to the car inspection station in private house at 10:00, shopped at Chunshuang tobacco and liquor grocery store in Tiyu Road at 12:08, dined at Zhengji Mala Tang in Tiyu Road at 12:31, shopped at Tiyu Edward J.M.Rhoads Supermarket at 18:30 and at Guci in Xufu Street at 18:53.

  On September 23rd, at 6:41, I did nucleic acid sampling in the nucleic acid sampling room of Yanfuyuan Square, shopped at the Chunshuang Tobacco and Alcohol Non-staple Food Store in Tiyu Road at 10:32, dined at Li Ji Siwei Cuisine in Beishudian Street at around 12:12, shopped at Chunhe Non-staple Food Store in Beishudian Street at 16:10, shopped at Sports Edward J.M.Rhoads Supermarket at 20:31, and dined at Xu Yuan Dumpling in Tieta West Street.

  On September 24th, we did nucleic acid sampling in the nucleic acid sampling room of Yanfuyuan Square at 7:50, shopped at Bolizhongjia chain supermarket in Tieta West Street at 10:18, dined at the second floor of Starlight World at 11:00 and dined at Sports Edward J.M.Rhoads Supermarket at 19:00.

  On September 25th, I printed materials at Deli Stationery on the north side of Xiangyang Road at 7:30, had breakfast at the east of Yanqing Gate, shopped at Chunshuang Tobacco and Liquor Food Store on Tiyu Road at 9:20, shopped at Zhaoji Beef Burning Shop on Tiyu Road at 17:36, shopped at Huabei Supermarket at 18:12 and arrived at Huida New World Community in the demonstration area at 19:30.

  On September 26, at 7:07, I ate at the chopped green onion cake shop near No.17 Xipo North Street.

  At present, the flow adjustment, detection, disinfection and other related work are being carried out in an orderly manner. The close contacts and close contacts that have been identified have been detected for nucleic acid detection, and all of them have been centralized or isolated at home, and nucleic acid sampling and comprehensive disinfection have been carried out in the external environment.

  Notice on implementing temporary control measures for epidemic prevention and control in some areas

  (55, 2022)

  On September 27th, a case of asymptomatic COVID-19 infection was found in the normalized nucleic acid test in Kaifeng city. In order to effectively protect people’s lives and health, reduce the flow of people and effectively block the spread of the epidemic, according to the relevant provisions of the state, provinces and municipalities on epidemic prevention and control,After comprehensive judgment by the expert group, it was decided to implement temporary control measures for epidemic prevention and control in some areas.The relevant matters are hereby notified as follows:

  No.16 Tiyu Road and Yanfuyuan Community in Longting District are designated as temporary control areas for epidemic prevention and control and spillover prevention.

  The above areas will be dynamically adjusted according to the changes in the epidemic situation.

  Epidemic prevention and control is related to the health of every citizen and requires the joint efforts of every citizen. Please pay attention to the official authority release, do not believe in rumors, do not spread rumors, do not panic. If you encounter difficulties in life and medical treatment, you can call the 24-hour service hotline: 12345.

  The above contents shall be implemented at the time of promulgation of this circular.

The central bank answered questions on the Measures for the Administration of Reports on Large-value Transactions and Suspicious Transactions of Financial Institutions

  CCTV News:According to the website of the People’s Bank of China, recently, the People’s Bank of China issued the Measures for the Administration of Reports on Large Transactions and Suspicious Transactions of Financial Institutions (Order No.3 [2016] of the People’s Bank of China, hereinafter referred to as the Measures), which will be implemented on July 1, 2017. A few days ago, the relevant person in charge of the People’s Bank of China answered a reporter’s question about the Administrative Measures.

  1. What is the background and main significance of the Administrative Measures?

  The Administrative Measures, in combination with domestic work practice and international standards, revised and integrated the existing two regulations, namely, the Administrative Measures for Reporting Large Transactions and Suspicious Transactions of Financial Institutions (Order No.2 of the People’s Bank of China [2006]) and the Administrative Measures for Reporting Suspicious Transactions of Financial Institutions Suspected of Terrorist Financing (Order No.1 of the People’s Bank of China [2007]).

  Since the implementation of the above two regulations in 2007, in the initial stage of China’s anti-money laundering work, they have played a positive role in guiding financial institutions to effectively fulfill their suspicious transaction reporting obligations. However, with the development and changes of the domestic and international situation and the deepening of anti-money laundering work, problems such as excessive defensive reports and insufficient effective reports have gradually emerged, which have affected the effectiveness of anti-money laundering work. To this end, the People’s Bank of China has successively issued the Notice on Further Strengthening the Anti-Money Laundering Work of Financial Institutions (Yinfa [2008] No.391) and the Notice on Defining the Relevant Implementation Issues of the Suspicious Transaction Reporting System (Yinfa [2010] No.48) and other normative documents to regulate how financial institutions can effectively fulfill their obligations of reporting suspicious transactions and avoid simply grabbing and submitting transactions that meet the suspicious transaction reporting standards through the system. In 2012, the People’s Bank of China selected 37 corporate financial institutions across the country to carry out comprehensive pilot projects on suspicious transaction reports, requiring the pilot institutions to independently define transaction monitoring standards in light of their own conditions, and submit suspicious transaction reports on the basis of reasonable suspicion in combination with manual analysis. These efforts have laid a solid foundation for the revision of the existing two regulations and the promulgation of the Administrative Measures. At the same time, the current reporting standards for large transactions can no longer fully meet the actual needs of anti-money laundering and combating and curbing related upstream crimes, so it is necessary to make appropriate adjustments to the reporting standards for large transactions.

  In 2014, the People’s Bank of China officially launched the revision of regulations, repeatedly studied and demonstrated, and twice organized nationwide to solicit opinions and suggestions from financial institutions to ensure the scientificity and feasibility of the Administrative Measures. The Administrative Measures clarify the new requirements for financial institutions to effectively fulfill the obligation of reporting suspicious transactions at the regulatory level, which is helpful for financial institutions to improve the effectiveness of reporting suspicious transactions, to prevent and curb criminal activities such as money laundering and terrorist financing, to maintain the security and stability of China’s financial system, and to further integrate with international standards.

  2. What are the main considerations for requiring financial institutions to report large-value transactions and suspicious transactions?

  According to the Anti-Money Laundering Law of People’s Republic of China (PRC), reporting large transactions and suspicious transactions is one of the three core anti-money laundering obligations that financial institutions should perform, and it also lays a solid data foundation for the People’s Bank of China to carry out monitoring and analysis of anti-money laundering funds transactions according to law. In practice, financial institutions automatically capture and submit large transactions through the system, and discover and submit suspicious transaction reports through customer identification, keeping customer identity data and transaction records, and conducting transaction monitoring and analysis. Based on the reports of large-value transactions and suspicious transactions submitted by financial institutions, the People’s Bank of China conducts active analysis, investigation analysis and international mutual investigation, transfers case clues to law enforcement departments according to law, and works with relevant departments to prevent and curb money laundering and terrorist financing and maintain financial security.

  Three, compared with the current regulations, what are the main changes in the "management measures"?

  The changes in the Administrative Measures mainly include the following four aspects: First, the requirements for reporting suspicious transactions based on "reasonable suspicion" are clarified, and the requirements for establishing and improving transaction monitoring standards, transaction analysis and identification, monitoring of terrorism-related lists, establishment of monitoring systems and record keeping are added, while the reporting standards for suspicious transactions in banking, securities and futures industries and insurance industries that are no longer in line with the development of the situation are deleted from the original regulations. Second, the RMB reporting standard for large cash transactions was adjusted from "200,000 yuan" to "50,000 yuan", and the statistical methods of large transfer transactions of financial institutions and the reporting time limit of suspicious transactions were adjusted. Third, the scope of application of the new regulations and the reporting standards for large-scale cross-border transactions in RMB are added. The reporting standard for large cross-border transactions denominated in RMB is "RMB 200,000". Fourthly, the contents of transaction report elements are adjusted, such as "Payee Matching Number" and "Equipment Code for Off-Counter Transaction" are added, and the elements such as "Report Date", "Filler" and "Name of Financial Institution" are deleted, and a more streamlined General Suspicious Transaction Report Element is designed.

  4. What is the scope of application of the Administrative Measures? When will it take effect?

  The Administrative Measures are applicable to institutions legally established in People’s Republic of China (PRC) that should perform anti-money laundering obligations according to the Anti-Money Laundering Law of People’s Republic of China (PRC) and other laws and regulations, mainly including policy banks, commercial banks, rural cooperative banks, rural credit cooperatives, village banks, securities companies, futures companies, fund management companies, insurance companies, insurance asset management companies, insurance professional agencies and insurance brokerage companies. Trust companies, financial asset management companies, enterprise group finance companies, financial leasing companies, auto finance companies, consumer finance companies, money brokerage companies, loan companies and non-bank payment institutions. Among them, "insurance professional agency company", "insurance brokerage company", "consumer finance company" and "loan company" are the newly added scope of application of the Administrative Measures.

  The Administrative Measures came into effect on July 1, 2017. Considering that it will take some time for financial institutions to revise their systems, build their own trading monitoring standards and transform their systems. Therefore, the "Administrative Measures" gave financial institutions a transition period of half a year after their promulgation and before their implementation.

  V. What are the specific requirements of the Administrative Measures for reporting large transactions? Is it necessary to submit a large transaction report for cross-border capital transactions?

  The reporting standards for large-value transactions stipulated in the Administrative Measures are as follows: First, large-value cash transactions of natural persons and non-natural persons, with domestic and cross-border reporting standards of RMB 50,000 or more and foreign currency equivalent of USD 10,000 or more. Second, it is a large transfer transaction in a non-natural person’s bank account. The domestic and cross-border reporting standards are more than RMB 2 million and the foreign currency equivalent is more than USD 200,000. Third, large-sum transfer transactions in natural person’s bank accounts, with domestic reporting standards of RMB 500,000 or more and foreign currency equivalent of USD 100,000 or more, and cross-border reporting standards of RMB 200,000 or more and foreign currency equivalent of USD 10,000 or more.

  For cross-border capital transactions, financial institutions shall submit large transaction reports. For example, if a natural person remits $10,000 overseas by cash or transfer through a banking institution, the banking institution that handles the business needs to report this transaction as a large transaction. The reporting standard for large-value cross-border transfer transactions of natural person customers "more than RMB 200,000" is a new standard in the Administrative Measures. The main considerations are as follows: First, with the gradual promotion of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, the cross-border business of domestic residents will be gradually liberalized, and the cross-border RMB business of individual residents will be more frequent. Special RMB reporting standards will be designed to facilitate the regulatory authorities to grasp the cross-border RMB transaction data in time and carry out risk monitoring. Second, according to the existing system, the daily limit of cross-border RMB remittance between Hong Kong residents’ individual accounts with the same name and Taiwan Province residents’ individual accounts is 50,000 yuan, and cross-border RMB business under personal trade of residents is subject to unlimited management. The Notice on Optimizing the Information Submission Process of RMB Cross-border Receipt and Payment Information Management System (Yin Ban Fa [2013] No.188) stipulates that banks can submit individual RMB cross-border receipts and payments with a single amount of less than 200,000 yuan (inclusive), but they need to keep the detailed information one by one. On the whole, the reporting standard of large-scale cross-border transfer transactions of natural person customers in the Administrative Measures is determined as "more than RMB 200,000", which can strengthen the statistical monitoring of cross-border RMB transactions and better prevent risks related to cross-border RMB transactions.

  It should be noted that according to the Administrative Measures, the People’s Bank of China can adjust the reporting standards for large transactions according to the needs of work.

  Six, the "Administrative Measures" will report large cash transactions as "RMB 50,000" and "foreign currency equivalent of 10,000 US dollars". What are the main considerations?

  The Administrative Measures stipulate that financial institutions shall submit large-value transaction reports for cash deposits, cash withdrawals, cash settlement and sale, cash exchange, cash remittance, cash bill payment and other forms of cash receipts and payments with a single or cumulative transaction of more than RMB 50,000 (including RMB 50,000) and a foreign currency equivalent of more than US$ 10,000 (including US$ 10,000) on that day. For example, if a natural person purchases US dollar cash with RMB cash through a banking institution, and the single or cumulative transaction on the same day is more than RMB 50,000 (including RMB 50,000), the banking institution handling the business needs to report this transaction as a large transaction.

  The "Administrative Measures" will adjust the reporting standard for large cash transactions from the current RMB 200,000 to RMB 50,000. The main considerations are:

  First of all, strengthening cash management is an important part of anti-money laundering work. The international anti-money laundering supervision standards in the cash field are mostly strict. For example, the starting point for reporting large cash transactions in the United States, Canada and Australia is US$ 10,000 (or equivalent foreign currency), and the regulatory authorities can further lower the reporting standards for cash transactions in order to crack down on illegal and criminal activities in specific fields according to legal authorization. Secondly, the popularity, development and innovation of non-cash payment tools facilitate non-cash transactions, and residents’ preference for cash use is gradually changing. Normal payment needs can be met more quickly and safely through non-cash payment tools, which provides favorable conditions for strengthening cash management. Finally, the development of China’s anti-corruption, taxation, balance of payments and other fields also requires strengthening cash management to prevent the risk of using large cash transactions to engage in corruption, tax evasion, evasion of foreign exchange management and other illegal activities.

  7. Does the Administrative Measures require non-bank payment institutions to submit large transaction reports?

  The relevant provisions of the Administrative Measures apply to non-bank payment institutions. At present, the People’s Bank of China has more specific requirements on the anti-money laundering obligations that non-bank payment institutions should perform, such as the Administrative Measures on Anti-Money Laundering and Anti-Terrorist Financing of Payment Institutions (Yinfa [2012] No.54). After the "Administrative Measures" come into effect, the People’s Bank of China will revise and improve the reporting requirements for large transactions and suspicious transactions of non-bank payment institutions in a timely manner according to the actual situation.

  Eight, "management measures" whether there are provisions on large transactions without reporting?

  There are relevant regulations. According to the Administrative Measures, the types of large-value transactions exempted from reporting by financial institutions mainly include fixed-activity mutual transfer transactions under the name of the same customer of the same financial institution, transactions in which one party is the party, government and military organs, inter-bank transactions of financial institutions, taxation handled by banking institutions, correction of wrong accounts, interest payment, etc.

  9. What are the specific requirements of the Administrative Measures for suspicious transaction reports?

  The Administrative Measures stipulate that financial institutions shall submit suspicious transaction reports when they find or have reasonable reasons to suspect that customers, customers’ funds or other assets, customers’ transactions or attempted transactions are related to criminal activities such as money laundering and terrorist financing, regardless of the amount of funds involved or the value of assets. That is, to report suspicious transactions on the basis of "reasonable suspicion". Specific requirements mainly include:

  First, financial institutions should monitor suspicious transactions throughout all aspects of financial business. Financial institutions should not only take reasonable measures to identify suspicious transaction clues in the process of customer identification, but also find out whether customers, funds or other assets and transactions are related to illegal and criminal activities such as money laundering and terrorist financing through screening, reviewing and analyzing transaction data. For ongoing transactions or transactions that customers try to carry out, financial institutions should also submit suspicious transaction reports if they find or have reasonable reasons to suspect that they are involved in money laundering and terrorist financing.

  Second, financial institutions should also pay attention to whether customers’ funds or assets are related to criminal activities such as money laundering and terrorist financing. Assets include but are not limited to bank deposits, remittances, traveler’s checks, postal orders, insurance policies, bills of lading, warehouse receipts, stocks, bonds, bills of exchange and letters of credit, houses, vehicles, ships, goods, and other legal documents and certificates that prove the ownership and other rights and interests of assets in electronic or digital form.

  Third, financial institutions submit suspicious transaction reports, and there is no requirement for the starting amount of funds or assets. If the amount of fund transactions suspected of terrorist financing activities may be small, financial institutions should still submit suspicious transaction reports according to the Administrative Measures.

  Fourth, financial institutions should submit suspicious transaction reports within the prescribed time. The Administrative Measures stipulate that a financial institution shall "submit a suspicious transaction report in a timely manner within 5 working days at the latest after it is confirmed as suspicious transaction according to its internal operating procedures for suspicious transaction reporting".

  In order to implement these requirements, financial institutions should, in accordance with the Administrative Measures, formulate suspicious transaction reporting systems and operating procedures, provide sufficient human resources and support for suspicious transaction reporting, establish and improve self-defined transaction monitoring standards, establish a fully functional and well-functioning monitoring system, do a good job in monitoring terrorist lists, strengthen manual analysis and identification of abnormal transactions with early warning by the system, keep relevant work records, and abide by confidentiality requirements.

  X. The Administrative Measures defines the time limit for reporting suspicious transactions as "to submit the suspicious transaction report in a timely manner within 5 working days at the latest after it is confirmed as suspicious transaction according to the internal operating rules of this institution". What are the main considerations?

  The original Administrative Measures on Large-value Transactions and Suspicious Transaction Reports of Financial Institutions (Order No.2 of the People’s Bank of China [2006]) required financial institutions to submit suspicious transaction reports within 10 working days after suspicious transactions occurred. However, under the new mode of reporting suspicious transactions based on "reasonable suspicion" in the Administrative Measures, there may be a big difference between the time when suspicious transactions occur and the time when suspicious transactions are identified and confirmed, which makes the original reporting time limit difficult to operate. The international common practice is to require financial institutions to submit suspicious transaction reports in time after confirming suspicious transactions. Therefore, the "Administrative Measures" defines the time limit for suspicious transaction reporting as "to submit the suspicious transaction report in time, no later than 5 working days, after it is confirmed as suspicious transaction according to the internal operating rules of the institution for suspicious transaction reporting".

  It should be noted that "five working days" does not mean that financial institutions must complete all links from abnormal transaction warning to manual analysis and judgment within five working days, and submit suspicious transaction reports to China Anti-Money Laundering Monitoring and Analysis Center, but that financial institutions should submit suspicious transaction reports within five working days after being confirmed as suspicious transactions through internal early warning and analysis.

  XI. What are the specific requirements of the Administrative Measures for financial institutions to monitor terrorism-related lists?

  According to the Administrative Measures, financial institutions should follow the following requirements when monitoring the terrorism-related list: First, financial institutions should ensure the completeness and accuracy of the terrorism-related list and update it in time. Second, the scope of monitoring the terrorism-related list of financial institutions should cover all customers and their counterparties, funds or other assets. Third, financial institutions should conduct real-time monitoring of the terrorism-related list. Fourth, financial institutions should immediately conduct retrospective investigations on all their customers or their counterparties after the adjustment of the terrorism-related list. Fifth, if financial institutions have reasonable reasons to suspect that customers or their counterparties, funds or other assets are related to the terrorism-related list, they should immediately report them as key suspicious transactions and take freezing measures in accordance with the Measures for the Administration of Assets Freezing Related to Terrorist Activities (Order No.1 of the Ministry of Public Security of the People’s Bank of China [2014]).

  It should be noted that financial institutions are obligated to perform the monitoring of terrorism-related lists, and they have the responsibility to actively obtain and master the list of terrorist organizations and terrorist personnel released and updated by the competent departments of the state. In order to facilitate financial institutions to grasp relevant information in a timely manner, the People’s Bank of China publishes the list of terrorism-related information under the anti-money laundering column of the official website, and the relevant supervision and management departments will also forward the list that needs to be implemented and concerned to the regulated institutions.

  Twelve, the "Management Measures" require financial institutions to be equipped with full-time personnel to be responsible for reporting large transactions and suspicious transactions. What are the main considerations?

  In practice, whether financial institutions conduct timely and effective analysis and treatment of abnormal transactions with early warning system, or pay close attention to the adjustment of terrorism-related lists at home and abroad at any time, and conduct retrospective investigation in time, they all put forward higher requirements for the professionalism and sufficient number of institutional personnel. Therefore, the board of directors and senior management of financial institutions should attach great importance to the reporting of large-value transactions and suspicious transactions, and allocate enough full-time personnel to take charge of related work. By optimizing the workflow of reporting large-value transactions and suspicious transactions, they should do basic work such as customer identification, identity data and transaction record preservation, improve the setting of transaction monitoring indicators and related system functions and other supporting measures to ensure that full-time personnel can effectively carry out monitoring and analysis work.

  Thirteen, in recent years, what measures has the People’s Bank of China taken to improve the suspicious transaction reporting system?

  Since the promulgation of the Administrative Measures on Large-value Transactions and Suspicious Transaction Reports of Financial Institutions (Order No.2 of the People’s Bank of China [2006]), the People’s Bank of China has been actively taking measures to improve the suspicious transaction reporting system and promote the effective implementation of the suspicious transaction reporting system. For example, the People’s Bank of China has successively issued a series of normative documents, such as the Notice on Further Strengthening the Anti-Money Laundering Work of Financial Institutions (Yinfa [2008] No.391) and the Notice on Defining the Implementation Issues of the Suspicious Transaction Reporting System (Yinfa [2010] No.48), to clearly distinguish the different regulatory requirements for abnormal transaction reports from suspicious transaction reports, so as to reduce the defensive reporting behavior of financial institutions. In 2012, the People’s Bank of China launched a comprehensive pilot project of suspicious transaction reporting with independent definition of abnormal transaction monitoring indicators in 37 corporate financial institutions to test the effectiveness and feasibility of the new model of independent definition of monitoring indicators. Since 2013, the People’s Bank of China has successively issued suspicious transaction types and identification points for upstream crimes of money laundering, such as illegal fund-raising, underground money houses, terrorist financing, etc., issued multiple risk warnings, and issued a notice to strengthen the monitoring of terrorism-related lists and fugitives lists, guiding financial institutions to do a good job in monitoring and analyzing suspicious transactions and monitoring lists. At the same time, through law enforcement inspection, supervision visits, classification and rating and other regulatory measures, financial institutions are urged to continuously improve suspicious transaction reporting and improve the quality of suspicious transaction reporting.

  XIV. What progress has financial institutions made in suspicious transaction reporting in recent years?

  Financial institutions have been strengthening and improving the monitoring and analysis of suspicious transactions and list monitoring in accordance with the requirements of the People’s Bank of China, and the effectiveness of suspicious transaction reporting has been continuously improved. At present, financial institutions have generally strengthened the manual analysis and identification of abnormal transactions. Financial institutions have participated in the comprehensive pilot work of suspicious transaction reports with independent definition of abnormal transaction monitoring standards as the core, and implemented the requirements of suspicious transaction types, identification points, risk warnings and list monitoring issued by the People’s Bank of China. The ability of financial institutions to define abnormal transaction monitoring standards has been verified and strengthened, and the professionalism and intelligence of monitoring and analysis have been continuously improved. While the overall number of suspicious transaction reports has dropped significantly, the quality of reports has improved significantly, and the number of clues transformed into cases has increased significantly, which has provided strong support for the country to prevent and combat money laundering and related crimes.

  15. What will the People’s Bank of China do to guide financial institutions to effectively implement the relevant requirements of the Administrative Measures?

  In order to guide financial institutions to effectively implement the Administrative Measures, the People’s Bank of China will fully listen to the opinions and suggestions of financial institutions, issue supporting normative documents as soon as possible, clarify specific work requirements such as suspicious transaction continuation report and suspicious transaction analysis report process, and issue relevant guidelines for financial institutions to formulate transaction monitoring standards in combination with industry best practices, guide financial institutions to establish and improve transaction monitoring standards and improve transaction monitoring systems, and strengthen guidance and training for small and medium-sized financial institutions. At the same time, the People’s Bank of China will issue specific reporting formats and reporting requirements for reporting elements of large-value transactions and suspicious transactions, and guide financial institutions to do a good job in the development of transaction reporting data interfaces and related systems. The People’s Bank of China is also stepping up the construction of the second-generation anti-money laundering monitoring and analysis system to provide more powerful system support for the monitoring and analysis of large and suspicious transaction reports.

The appearance has not changed much, and the new Porsche Taycan is actually shot.

1The appearance has not changed much.

On March 11, 2024, Beijing time, the mid-term facelift Porsche Taycan was officially unveiled at the Porsche Experience Center in Shanghai. This is not just a domestic debut, but a globally synchronized launch event. We will take you today to see what is the difference between this car and the old model. Let’s start with the conclusion: in fact, the appearance has not changed much, the main change is internal!

There are seven models in this debut. I thought the price would be announced, but in fact it wasn’t. The specific price will be announced at the Beijing Auto Show. If you ask me how it is different from the old model? To be honest, it may not be obvious for a while, but the picture below may show more clearly what the difference is.

The model that came to the premiere today is a European-sized Turbo S model, which may be different from the models officially sold in China. The mid-term facelifted Porsche Taycan is still familiar to us, mainly upgraded in details, most obviously in the front part.

The front surround of the Turbo S series is a little different from the previous one, which is also the exclusive shape design of the Turbo family. Do you like it? Personally, I think it is sharper and the aerodynamics are better.

The headlight group is a newly designed lamp group using HD Matrix (high definition matrix) technology. The interior has a pixel array of more than 32,000 LED light sources. The lighting area and lighting brightness can be selected according to real-time road conditions. For example, when facing a passing car at night, the headlights can turn off some LED pixels to prevent direct exposure to the driver’s eyes. This technology can significantly improve the safety of night driving. The range of the high beam can exceed 600 meters. In addition, the air inlet shape of the front face of the new car has also been adjusted, and the aerodynamic effect is even better.

The other parts didn’t change much. Open the front trunk cover, and there is still an 81L storage space below. Not big, but enough!

The side lines of the car have not changed, and it is still a familiar formula. However, the wheel shape of the Turbonite color scheme makes people feel like a modified wheel, which is very beautiful and sexy. The official said that the new wheel has increased the battery life by up to 40 kilometers (under WLTP conditions). In addition, the brake system configuration of the Turbo family has also been upgraded, and it comes standard with PSCB or PCCB.

The charging port on the side of the car leaks the fact that it is a European car. So the real model you see today may be a little different from the official model.

The rear of the car has not changed much, and the shape of the surrounding sides has also changed. This shape also inherits the consistent characteristics of Porsche cars. Although it is a popular through-taillight design today, it is still very family-recognizable.

From the table below, you can see some special configurations of the Turbo model. On the next page, we will enter the car to see what the interior of the new model looks like. It is worth mentioning that the mid-term replacement Porsche Taycan has also made great efforts in lightweight, whether it is the body material or the motor, so the weight of the whole vehicle has been reduced by 15kg.

2 The interior has also changed little, with a focus on the mechanical parts

The interior shape has not changed significantly from before, and it is more reflected in materials, functions, etc. Specifically, the mid-term replacement Taycan will provide a new two-color interior for consumers to choose from. The interior material adds door soft package material for the door. Not only that, but also wireless charging is provided in the car.

The new car has been redesigned for the function display of the in-car instrument. The electronic instrument can display information such as the current charging power of the vehicle and the maximum power supply provided by the infrastructure. In terms of car-machine functions, Apple CarPlay + has been added for the car-machine interconnection. In addition, for the passenger display, a private viewing mode has been added.

In terms of safety configuration, the mid-term replacement Taycan has been upgraded for the assisted driving system, with standard configuration such as reversing image, lane change assistance, traffic congestion assistance, 3D environment simulation display, etc. The other parts have not changed, including the ride space, glass roof, etc. It is still business as usual.

When it comes to air conditioning, the new Taycan has been optimized for the air conditioning system, improving the efficiency of both air conditioning and heating.

针对底盘方面,此次该车最大的升级无疑是拥有与保时捷Panamera相同的底盘悬架系统。从此前的三腔室的空气悬架变成了双阀门减振器的双腔空气悬架,可以实现更快、更灵敏的响应速度以及更高的舒适度。

至于这辆车最大的进化在于平常我们看不到的地方,像是更高的功率,以及升级的电池组。中期改款Taycan整车电池最大充电电流提升了20%,电池重量减少了9kg,总能量密度(高压电池)提升了13%。

此外,新车针对电机也进行了升级,据悉电机重量减少了10kg。动力参数方面,新款Taycan基础版车型最大功率300kW,0-100km/h加速时间4.8s,WLTP工况最高续航678km;新款Taycan Turbo S车型最大功率700kW(超增压模式),0-100km/h加速时间2.4s,WLTP工况最高续航630km。

此次保时捷Taycan也加强在充电方面的体验,官方数据显示,其车辆峰值充电功率可达320kW,仅需18分钟即可从10%快充至80%。配合可靠的热管理系统,在低温环境中的充电时间缩短近一半。另外,保时捷还将提供一些定制化的充电功能,如显示充电站点的开放时间和充电详情等。即使驾驶员不在Taycan车内,凭借My Porsche应用程序也可实现行程规划,如通过App规划充电站点路线并发送至车辆上,并且根据驾驶员实际需求设定出发时间等。

全文总结:

虽然外观改动并不是非常大,但是机械层面的变化可是非常巨大。新款车型有下面四个特色:

● 更高:充电速度增加50kW,最高可达320kW。超过300kW的充电速度可持续长达5分钟,即使在低温下充电性能也不会受到太大影响。

● 较高车速的动能回收最高可达400kW(原为290kW),绝对不浪费一分能源!

● Faster: 0-100km/h can be improved by up to 0.6 seconds. The Taycan Turbo S only takes 2.4 seconds.

Range increased by 35% to a maximum of 678km (WLTP). All Taycan models can charge the battery from 10% to 80% in 18 minutes!

In addition, some configuration information and after-sales information of the Taycan Cross Turisom model were also announced at the launch site, as follows:

This world premiere also lifted the mystery of the Turbo GT model. Compared with the Turbo S, the Turbo GT increased its speed by 25km/h compared to the Turbo S on the Schwedenkreuz section, and the lap speed increased by 26 seconds, which is equivalent to a distance of 1.3km, which means that the taillights can’t even be seen. I don’t know how many Porsche fans will be haunted by this car when it is officially released? How long will it take to pick up the car?

Although the Chinese mainland has not announced the specific price, but the Taiwan region of China has announced the price of the car series, maybe you can calculate the price of the official listing from the price on the other side.

● Turbo GT, Turbo GT Weissach kit models are priced from NT 10.48 million (approximately 2.3961 million RMB).

● The price of the Turbo S model starts at NT $9.25 million (approximately 2.1148 million RMB), which is 810,000 NT $ (approximately 185,100 RMB) higher than the 8.44 million NT $ (1.9297 million RMB) of the 2023 model.

● The price of the Turbo model starts at NT $7.68 million (about 1.7559 million RMB), which is 650,000 NT $ (about 148,600 RMB) higher than the 7.03 million NT $ (1.6073 million RMB) of the 2023 model.

For reference, the price of the 2022 Turbo and Turbo S models in the Chinese mainland market is 1.518 million/1.818 million respectively. It seems that the price increase should be inevitable, obviously, the performance has to pay the price!

The 4th Hong Kong International Talent Summit Forum was held.

The 4th Hong Kong International Talent Summit Forum was held.
Qionggang Talent Cooperation Office unveiled.

Hainan Daily, Hong Kong, December 13th (Hainan Daily, all-media reporter   Shao Changchun) The 4th Hong Kong International Talent Summit Forum was held in Hong Kong on December 13th. The forum specially set up the theme of "Giving full play to the opening advantages of Hainan Free Trade Port and promoting the innovation and development with China characteristics". On the same day, the Qionggang Talent Cooperation Office was unveiled, and relevant parties signed a memorandum on talent cooperation between Hainan Free Trade Port and Greater Bay Area.

This year’s "Fourth Hong Kong International Talent Summit Forum" is based on the theme of "Talent Leading, Innovation Driving, Empowering New Quality Productivity", focusing on consolidating and upgrading Hong Kong’s position as an international financial, shipping and trade center, building a highland for high-end talents in Hong Kong, giving full play to the opening advantages of Hainan Free Trade Port and Guangdong-Hong Kong-Macao Greater Bay Area’s talent cooperation and linkage, and empowering the country’s high-quality development.

In order to further promote the in-depth cooperation between Qionggang and Hong Kong in the field of talents and improve the service level and energy level of talents in the two places, the Qionggang Talent Cooperation Office was officially unveiled at the summit. It is reported that the Qionggang Talent Cooperation Office was jointly established by Hong Kong Talent Group and Hainan Talent Group, and is committed to providing market-oriented and professional services for enterprises and talent exchanges between the two places.

At the meeting, Hainan Talent Group also signed a Memorandum on Talent Cooperation between Hainan Free Trade Port and Greater Bay Area with five associations and societies in Guangdong-Hong Kong-Macao Greater Bay Area to jointly plan and promote a number of talent cooperation projects between Hainan and Guangdong-Hong Kong-Macao Greater Bay Area, push Hainan Free Trade Port and Guangdong-Hong Kong-Macao Greater Bay Area to move in the opposite direction, and help the strategic linkage between the two countries go deeper and deeper.

It is worth mentioning that, in addition to showing Hainan’s situation, development achievements, industrial layout, open and inclusive talent policies and geographical advantages to the guests through the promotion meeting, Hainan Talent Group also brought 44 market entities in our province, with a total of 167 positions, and more than 700 talents needed to recruit talents, of which postdoctoral positions accounted for over 40%. The activity received positive response from relevant institutions and talents in Hong Kong. On the same day, Hainan employers held an intention signing ceremony with representatives of young talents in Hong Kong.

Tesla FSD will enter China this year? Is FSD a benchmark or drawing a cake?

Text |shanghai auto news

The recent recall of Tesla was interpreted by many people as that the relevant departments may be preparing for the release of the FSD (fully automatic driving function) that Tesla is proud of in China.

At present, Tesla has not opened FSD in China. Previously, there have been many rumors that Tesla FSD will be released in China. Chu Ruisong, general manager of Baidu Smart Car Division, believes that FSD will enter the China market this year or next year, and it will be opened on a large scale in 2025. Recently, more "signs" show that FSD will enter the China market this year. A few days ago, the relevant person in charge of the Intelligent Manufacturing Promotion Department of the Shanghai Economic and Information Committee introduced that in the next stage, Shanghai will further deepen its cooperation with Tesla and promote the layout of functional sectors such as autonomous driving and robots in Shanghai.

If this catfish, which represents the intelligence of automobiles, is really introduced into the China market, can it produce the catfish effect again?

Before answering this question, it is necessary for us to discuss: Is FSD the benchmark of the autonomous driving industry, or is it simply drawing cakes?

The argument has never stopped, and the real reason lies in "value for money"

The controversy surrounding FSD begins with its name.

Tesla FSD literally means Full Self-Drive, which is actually an upgraded version of the automatic assisted driving function. FSD is not installed on the vehicle to realize fully automatic driving, but it can be realized through wireless software update later. FSD is a fully automatic driving option launched by Tesla. Compared with the Autopilot function of Tesla’s current loading application, the function of FSD is more advanced, and it can realize the functional requirements such as automatic parking, automatic lane change assistance, traffic signal light recognition and automatic response, intelligent call of parking lot, etc., and can realize the "automatic driving" function through software subscription.

With the advent of FSD, American consumers have been questioning it constantly, and relevant departments in the United States have also investigated it many times.

Perhaps it is more convincing to use the exaggeration of Apple co-founder Steve Wozniak in an interview with CNN recently: "If you want artificial intelligence to make mistakes and get a lot of claims, you will try to kill you every chance, then you can buy a Tesla."

Then, since everyone is an assisted driver, apart from the name dispute, why are other models not as controversial as Tesla?

In addition to Tesla’s large number of vehicles and intelligent driving function is its main selling point, to put it bluntly, it is still a question of money. Tesla FSD is available as an option, and the autopilot subscription was released in the United States last year. The business model of Tesla’s automobile business further extends from sales revenue. Through the software charging model, a car can contribute revenue to the company throughout its life cycle, and FSD is the company’s most important payment software.

Do you understand? If you charge a lot of money, you must accept the responsibility of consumers to be more picky.

Is FSD the "ceiling" of domestic autonomous driving?

In the automotive industry, Tesla first applied Transformer to the intelligent driving of production vehicles, one to two years earlier than other companies. Transformer is a neural network model that makes the whole AI industry boil (Transformers). Prior to this, the perceptual algorithm module of assisted driving mainly ran convolutional neural network CNN. In 2022, Tesla launched an Occupancy Network that can detect general obstacles at the new AI Day.

In short, the advantage of Tesla scheme is that it can make judgments and decisions faster without relying on high-precision maps. The core idea of evolution is to be faster and more accurate.

Tesla’s system will hardly be "broken". Many testers’ videos on the network are shot in complex urban road scenes. Some road conditions are as complicated as big cities in China, but it is obvious that Tesla FSD has made progress.

At present, many independent brands have realized the functions of automatic lane change, automatic overtaking and automatic on-off ramp, and the whole driving process is very coherent. The two are different in implementation. Tesla has always advocated the vision radar scheme, while the current mainstream practice of independent brands is to achieve high-order driving assistance through laser radar and high-precision maps. At the same time, these car companies will also cooperate with visual radar and millimeter-wave radar to make up for some scenes that lidar can’t cope with. However, because it relies heavily on high-precision maps, the high-order driving assistance function will not be realized after losing high-precision maps.

In order to get rid of the heavy dependence on maps, companies such as Ideality, Tucki and Huawei have begun to actively develop high-level driver assistance functions with heavy perception. From this point of view, these companies have more or less defaulted to Tesla’s "master" role.

According to the latest news released by BYD, the new head of BYD’s intelligent driving is in place, directly aiming at the high-end high-speed navigation function and "benchmarking" the Tesla FSD experience. The high-speed NOA, the first product after the adjustment of BYD’s intelligent driving system, is said to be mass-produced and listed this year. The most important thing is the core algorithm, which is developed by BYD, not purchased.

FSD, once again as a catfish?

Once upon a time, Tesla, as a new energy vehicle, was introduced into the relatively closed traditional automobile market in China. As a result, with the policy blessing, the deduction of various kinds of capital and the change of consumers’ concept, no one could have imagined that this catfish would make new car-making forces rise one after another, and the penetration rate of the new energy vehicle market increased by leaps and bounds, which even caused great changes in the automobile industry in China and the world.

Nowadays, autonomous driving is facing a dilemma: L4-level autonomous driving is far away, and many enterprises that originally specialized in L4-level autonomous driving began to descend to L2 or L2+.

The reporter believes that if the government wants to find an opportunity to "break the game" in the field of automobile intelligence, re-find the power point and make autonomous driving accepted by ordinary consumers faster, it is a good way to let Tesla FSD "catfish" enter the market as soon as possible.

However, the problem is that it is difficult for Tesla’s FSD to regain the glorious course of Tesla’s first entry into the China market. There are three main reasons: First, when the new energy vehicles represented by Tesla just emerged, the sound of optimism was basically higher than that of pessimism around the world. I remember that in addition to the energy crisis at that time, many people bought Tesla new energy vehicles, which represented a fashion life attitude and a public interest in environmental protection. At present, FSD has been questioned all over the world.

Second, the development of new energy vehicles can be said to be promoted by the full policies of governments in various countries, especially in China, which has great support and the most outstanding achievements. However, at present, due to regulatory difficulties in autonomous driving, governments of various countries have different attitudes, and China may gradually encounter regulatory difficulties with the rapid growth of the number of consumers participating in autonomous driving applications.

Third, in terms of technology, capital and even regulations, can Tesla’s FSD really make people abandon painting cakes?

Painting cakes? Still have enough tolerance for it.

The research and development cycle is long, it is difficult to land, and the return is far away … Autopilot companies and their shareholders have to re-examine the benefits behind them. Especially in the context of economic downturn, limited supply chain and rising raw material prices.

Doug Field, Ford’s chief senior product development and technology officer, said that it is "more difficult than landing on the moon" to achieve autonomous driving in a dense urban environment. Wang Chuanfu, the boss of BYD, said: "Now the so-called’ automatic driving’ is held hostage by capital. I think that at the end of the development of autonomous driving, at most,’ advanced assisted driving’ can be achieved, and that’s all. When you are sleepy and reading short messages, reduce the probability of accidents. There will definitely be accidents and injuries, but the responsibility must always be borne by the owner himself. "

Transformer has rigid requirements on data size. If the data size does not meet the requirements, the performance will be worse than CNN. Therefore, the premise of switching to Transformer is that enough data can be obtained to feed it.

In this regard, Tesla has greater advantages as a car company with a high number of intelligent vehicles, but this is only the beginning. Because it is one thing to collect more and higher quality data, it is another to use them to train a strong enough model. Training a large model of massive parameters in massive data requires a lot of computing power, and only a large cloud computing center can be competent.

In 2022, in order to occupy the network for training, Tesla used 1.44 billion frames of video data, with a data volume of more than 30PB, and its self-developed DOJO supercomputer is still in the development state.

Moreover, at present, almost all chip factories provide smart driving chips on the car side, which are not prepared for Transformer.

It is a fact that even the breakthroughs such as Transformer, BEV and occupied network, which make the industry chase after each other, are still mainly solving the perception problem of intelligent driving vehicles, and there are still difficult decision/regulation links in the complete intelligent driving technology framework.

From the data, computing power, chips to the legal level, we can roughly draw the conclusion that even if it is as strong as Tesla, it is obviously painting a cake if we want to realize the true FSD (full automatic driving L5 level), and what we can do at present can only be an infinite "+"after L2 level.

Of course, it may also bring about the final change, but I don’t know the specific time.

For consumers, on the premise of ensuring safety, an infinite plus sign after L2 level means a better consumer experience.

The question is, how many enterprises can wait in the face of the journey with no end in sight? Do they really need to cope with this competition?

Tank user brand releases official announcement of tank 300 3.0T

  [car home Information] On March 11th, the first tank brand owners’ event "Tanke Alliance" was officially opened. During this user-oriented activity, the tank official released the tank user brand "TANK LIFE Tank Burning Life" and displayed various modified tank models on the spot. More importantly, the government officially announced that it will launch the (|) 3.0T model, which is based on the border limited edition. Of course, it will also have a higher price.

Great Wall Motor Tank 300 2022 2.0T Border Limited Edition

"Tank 300 Border Limited Edition"

● tank v plan:Tank 300 3.0T V6 is coming soon.

  After the tank 300 went on the market, there were many voices about the tank 300 3.0T model. The official announced that the tank 300 3.0T will be released soon, which is good news for tank fans.

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  The tank 300V plan is the first official crowdfunding plan for tanks.The crowdfunding model Tank 300 3.0T will be launched on the basis of the border version of Tank 300, equipped with a 3.0T V6 twin-turbo engine.The crowdfunding plan will be launched in the tank App, with a total of 1,000 crowdfunding targets, each of which is 20,000 yuan, and each user can only purchase one copy.

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  If the project successfully reaches the crowdfunding goal, the project will be initiated in April. According to the project development scope,It is estimated that the project development will be completed in the second quarter of 2024.Successful users can become product partners and enjoy five special rights and interests, such as early adopter right, co-creation right, expansion right, shining right and harvest right.

Dynamic comparison of tank 300 2.0T/ tank 500 3.0T car make and model Tank 300 2.0T Tank 500 3.0T V6 Maximum power (horsepower) 227 360 Peak torque (N m) 387 500 gearbox 8-speed manual integration 9-speed manual integration

  According to the parameters of the 3.0T V6 twin-turbo engine on the current tank 500, the maximum power of the new car is 360 HP (265 kW) and the maximum torque is 500 Nm.

● Tanks will enter more overseas markets.

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"Tanks 300 Listed in Saudi Arabia"

  Tank brands have been explored in Saudi Arabia, Iraq and Australia. It is officially announced that in 2023, tanks will continue to promote the market processes such as ASEAN and accelerate their layout into the European market with strict access standards. In the future, tanks will enter more global markets. With the entry into more overseas markets, tanks will also simultaneously promote the "Lighting the Earth Plan" for overseas self-driving. In addition, Tanks expects to set up 30 overseas clubs this year, covering Southeast Asia, the Middle East, Australia, Russia and other regions.

● Tank user brand: "TANK LIFE Tank Burning Life"

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"Tank refitting town"

  According to the official, "TANK LIFE" combustion life consists of three parts: products, channels and services, which realizes the interaction in nine fields, such as personality upgrading, camping, climbing and photography, and forms a global ecological co-creation platform.

   In terms of product co-creation, tanks will carry out vehicle co-creation, expand modification culture and share modification results. At the same time, it will also build a "tank brand experience base", where users will be invited to experience the latest products and professional off-road projects such as climbing, wading and cannonball pits. The official said that the site is currently being inspected and will gradually land.

  On the level of service experience, the official will promote the tank academy, light up the earth plan, and tank good things.

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"Tanks will open a limited number of places in Alashan offline courses in 20 desert colleges."

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  In terms of tank academy, during this year’s Alashan Heroes’ Meeting, the tank will open a limited number of offline courses for 20 desert academies. Advanced teaching of cross-country actual combat in Alashan, through the examination of teaching and training, can obtain the exclusive certificate issued by the Tank Academy, and will also receive a limited edition desert cross-country gift package.

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  The Light the Earth project is to collect tank road books for users around the world. At present, more than 171 road books have been collected. In addition, officials also plan to start "lighting tours" overseas, such as "Bangkok crossing the rainforest", "going to the Middle East to play in the desert" and "Australia crossing the Gobi".

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"good tank"

  Good things in tanks are the peripheral products that tanks have been advancing at present. At present, there are more than 150 kinds of fine things, such as clothing accessories, fashionable car models, camping and outdoor activities.

● "Every tank is different"

  As the first user conference, many users or modified versions launched by professional modification manufacturers gathered at the scene, and some special versions previously officially launched appeared at the scene. As Liu Yanzhao, CEO of tank brand and general manager of Wei brand technology, said:Every tank is different..

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  The Border Limited Edition (Yellow) adopts the color scheme of "Golden Armor", widens the body, and is equipped with exclusive rims, front and rear bars, letter grille, roof rack, wading throat, etc. The tank ranger (green) adopts the exclusive "ranger green", which is equipped with a wading throat, a forged aluminum upper swing arm, metal front and rear bars, off-road wheels, a 12,000-pound winch and so on. Compared with the first batch of Rangers, the second batch of products added trailer power outlet and square outlet, and added air-conditioning physical buttons. Tieqi 02 (White) has upgraded the wading hose and WARN front winch, and its suspension has also upgraded an 8-segment damping soft and hard adjustable shock absorber, which is matched with the German eibach spring. In other aspects, it also has 17-inch retro rims, high heat dissipation engine cover, air conditioning entity buttons and so on.

  Other information about exhibitors’ refitting and displaying businesses and users’ refitting vehicles, etc.:

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"China fires"

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"beyond the border car"

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American card industry: front and rear bars, luggage racks, etc.

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"macro fox nitrogen reduction"

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Red horse winch

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"Ant Cross Country"

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"Yun Liang Cross Country"

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"sand lizard reduces vibration"

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Ruibo: front and rear bars, luggage racks, etc.

Full text summary:

  At present, the tank has accumulated more than 200,000 users, 66 city clubs, and 1000+ club activities throughout the year. In just a few years, it has become an indispensable off-road brand in China, which has also promoted the development of upstream and downstream industries of outdoor and off-road in China, and at the same time, it has also created a moat for tank brands besides the products themselves-culture and circle. It is reported that at present, the number of users of the Tank Club has reached 70,000, and the registered users of the Tank Car App have reached nearly 2 million. It already has a certain scale and growing user base, which is very successful for tanks. Of course, the tank is also guiding and standardizing such a group through its own strength, which is also the reason for the release of a brand new user brand.

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  In terms of products, the upcoming tank 300 3.0T will become a totem model of the tank 300, just as the 392 is to herdsman, the tank 300 3.0T will become the dream of many tank 300 fans. It is worth mentioning that many new products of Tank 300 will also be released later, so you can look forward to it. The tank 500 will not only be redesigned, but the launch of PHEV models will also dispel users’ concerns about fuel consumption and further expand market share. As for more brand-new models such as tank 400, let’s look forward to it. Good things are coming! (Text/car home Chen Hao)

Shandong University, one international student with three opposite sex study partners? Teachers and students: for friendly exchanges

  One international student with three opposite sex study partners? The "Buddy" project of Chinese and foreign students in Shandong University has caused controversy.

  It is questioned that in 2018, Shandong University’s "study partner" program was upgraded to one international student with three on-campus students, and the participating students in the school were mainly girls.

  On July 11th, the staff of the Propaganda Department of Shandong University Party Committee replied to The Paper that they were studying the matter.

  On the afternoon of 11th, a teacher from graduate department of Shandong University told The Paper that the "Learning Companion" program was first implemented in 2016, and it was generally welcomed by students after implementation. "Students registered actively and gave better feedback". Regarding the questioning of online public opinion, the teacher said that it was a malicious misinterpretation.

  Controversial "Learning Companion" Project

  Shandong University’s "Learning Companion" project, which was exposed by netizens in Weibo on July 6th, caused controversy.

  According to the blog post, an international student in Shandong University has three study partners. From one-to-one pairing in 2017, each international student in 2018 has three healthy study partners, forming a three-person study partner group, and the unsuccessful study partners are included in the study partner database.

  The registration form of the student partner and the regulations on the management of the student partner do not evade the problem of the opposite sex student partner. In the application form, the gender of the study partner is particularly emphasized, and "making foreign friends of the opposite sex" is listed as one of the options, and it is marked in red at the head: "Please fill in the details as carefully as possible so as to match your favorite study partner".

  Some netizens commented in the Weibo, "I really don’t understand, what is the intention of introducing those little girls who are not familiar with personnel or even have never talked about love to foreign male students as study companions?"

  The Paper noted that an online document "Description of Shandong University on Holding Chinese and Foreign Students’ Learning Companion Activities" stated that it was legal and proper for Shandong University to hold Chinese and foreign "Learning Companion Activities". The "study partner" activity for Chinese and foreign students is an activity held to promote the study of Chinese and foreign students. Chinese and foreign students are study partners, and all of them are free to register, not to find study partners for international students alone.

  On the morning of July 11th, The Paper asked the International Affairs Department of Shandong University for verification on this document. A staff member of the International Affairs Department told The Paper that the school had noticed the relevant public opinion and needed to contact the Propaganda Department for details.

  The "Learning Partner" project was implemented in 2016.

  The Paper found that the "study partner" program for international students in Shandong University was implemented in 2016.

  In October 2016, the International Affairs Department of Shandong University published the Interim Provisions on the Management of the Student Companion Program of Shandong University (hereinafter referred to as the Provisions), which indicated that the Student Companion Program was an activity to increase the understanding and exchange between China students and international students and promote the internationalization of Shandong University students.

  According to the requirements of the Regulations, the group participating in the "Learning Partner Program" is open to students who are officially registered in the whole school, and undergraduates, master students and doctoral students can participate. Students can participate in the "study partner program" for a maximum of one year, and can submit a written application to continue to participate after the expiration of the validity period.

  In addition, the "Regulations" indicate that if you go out with your school partners, you must report to the relevant person in charge for approval. If you go out for more than one day, you must apply in writing and get approval before implementation.

  On October 29th, 2016, a notice about recruiting foreign students as "study companions" was publicly released at the official website of the Graduate Association of Shandong University. The notice showed that students of study companions must have "a high level of English or Japanese, Korean, Russian and other foreign languages".

  The Paper saw in an application form of Shandong University’s exchange students "study partner" downloaded from his official website that students who signed up should fill in the basic information such as name, gender and nationality, as well as dietary taboos, hobbies and specialties, and students with study partners can freely fill in the "gender of their desired study partner".

  After the announcement of recruiting international students as "study partners", The Paper inquired in official website of Shandong University and found that Qilu Hospital College of Shandong University published the first batch of "college" matching results and the notice of the first meeting of "study partners" activities in official website on December 1, 2016. Official website announced that the activity received a total of 360 application information from 28 colleges of Shandong University, and 122 pairs of friendly "study partners" were successfully selected among 122 international students and 238 China students who registered.

  Official website of Qilu Medical College issued the Notice on Announcing the Group Results of 2018 Students’ Partners and the First Meeting Party of Students’ Partners’ Activities. As of November 15th, 2018, the activities received a total of 270 registration information. Among the registered international students and China students, 141 China students and 47 international students have been successfully selected to form 47 friendly "study partner" groups.

  Teachers and students of Shanda University talk about "study companions": overall evaluation is good, and friendly exchanges are enhanced.

  On July 11th, 2016, the person in charge of Shandong University’s "Student Companion" recruitment plan told The Paper that "one-on-one" and "one-on-three" were maliciously misinterpreted by netizens. He introduced that at the beginning of the establishment of Shandong University’s "study partner" program, the purpose was to promote exchanges between Chinese and foreign students. Students signed up voluntarily, and "there is no ratio of one international student to three girls".

  He said that after the implementation of the "study partner" program, it was welcomed by students. "The registration is positive and the feedback from students is better."

  In response to insulting words such as "pimping" put forward by netizens, he said that in recent days, he has also received feedback from alumni. On the afternoon of July 11th, he contacted the International Affairs Department to inquire about the progress of this matter. He learned from the International Affairs Department that the school is currently discussing this matter and will give a reasonable explanation.

  On the same day, a staff member of the Propaganda Department of Shandong University Party Committee replied to The Paper that he was studying the matter.

  Xiaoyuan (pseudonym), a student of Shandong University School of Management who participated in the 2017 "Learning Companion" program, said that the "Learning Companion" program is mainly for students in the central campus and several nearby campuses. The participating students are distributed in various colleges, and the ratio of male to female is relatively normal. The situation of online transmission is not true.

  She said that the "study partner" project includes a get-together. She attended the 2017 school reunion. According to her description, there were many students who participated in the party that night. Everyone came from all corners of the country and the atmosphere was very good. On that night, she met her friends from France, Pakistan, South Korea and other countries.

  After getting to know each other at the party, students can keep in touch with each other. Usually, students in China will take their study partners with them. Most of the activities are to visit famous scenic spots in Jinan together, or to have dinner, drink coffee and play werewolf killing around the school.

  Xiaoyuan said that more students still maintain online communication to help international students answer questions in campus life. "After all, everyone’s cultural backgrounds are completely different, and the probability of becoming international friends immediately is still quite low."

  A 2016 boy from Shandong University said that study companions are a normal learning exchange program, which has been going on for several years.

  The question about the internet changed from "one-on-one" to "one-on-three". The boy explained that the ratio of male to female in Shanda was originally a little more than that of female students, while the number of international students was generally a little more than that of male students. In addition, female students were generally more active than male students in participating in campus activities, so there was a situation of "three companions and one" mentioned in the news.

  The boy said that the "study partner program" requires study partners to do tasks together, such as reading books and watching movies together.