A Cai Moments · Yang Qiang, Wu Haishan | Is artificial intelligence ushering in the best era?

Artificial intelligence (AI) has been developed for more than 60 years since its birth. In recent years, AI has become a hot spot in academia and industry around the world. Start-up companies are surging, huge investments are emerging, tech giants are constantly up the ante, and scientific research, capital and talent are moving closer to AI. So, some people will inevitably ask, have we ushered in the best era of artificial intelligence?

The Challenge of Good Times

Looking back today, 2017 may be an important node in the development of artificial intelligence in China. In 2017, "artificial intelligence" was written into the government work report of the National People’s Congress for the first time. Premier Li Keqiang said that it is necessary to fully implement the development plan for strategic emerging industries and accelerate the research and development and transformation of new materials, artificial intelligence, integrated circuits, biopharmaceuticals, and fifth-generation mobile communications. Artificial intelligence has also been hotly discussed by deputies to the National People’s Congress and members of the National Committee of the Chinese People’s Political Consultative Conference.

At the same time, at the 2017 Wuzhen Go Summit, AlphaGo defeated the world’s No. 1 Go champion Ke Jie with a total score of 3:0, which attracted the attention of the whole people. "Whether artificial intelligence has completely surpassed human beings", "Will artificial intelligence replace human beings" and other issues have also become hot topics.

It was also from that year that artificial intelligence was surging. Overnight, it seemed that all companies had become artificial intelligence companies. Capital and talent quickly poured into the field of artificial intelligence. "Artificial intelligence" became one of the hottest and most sought-after words in the technology, academic and corporate circles. Major Internet companies have vigorously promoted artificial intelligence research and development. Tencent founder Pony Ma has also publicly stated that if he can only invest in one field, starting from his own industry, he is most concerned about the AI industry related to information technology. Internationally, tech giants such as Google and IBM have been researching artificial intelligence for more than a decade, and some research results have entered commercial applications in recent years.

From these perspectives, artificial intelligence can be said to have ushered in a very good era, but there are also problems behind the excitement. For example, this boom is more driven by the industry and investment community, while the academic and basic research fields have not revolutionized, and the talent gap has not been really solved.

At the same time, AI still faces many challenges in practical application and implementation, especially data issues. The various types of data required for AI research are scattered in different enterprises, and the ideal "big data" that people often say does not exist, but the actual situation is that there are a large number of "small data" and "data islands"; in addition, data security, privacy, compliance and other issues have always existed. In 2018, the European Union officially implemented the strictest data protection regulation in history – the General Data Protection Regulation (GDPR), and on January 21, 2019, Google became the first US technology company to be heavily punished under this law, fined 50 million euros… These problems make the implementation and development of AI look less good.

Deeply empowering industry

In 2019, Premier Li Keqiang talked about artificial intelligence for the third time in the government work report. It is worth noting that this year, the Premier specifically proposed in the report to build an industrial Internet platform, expand "intelligent +", and empower the transformation and upgrading of the manufacturing industry.

At present, the innovative achievements of artificial intelligence have been applied in various fields, promoting technological progress, efficiency improvement and business model change in all walks of life. Among them, the financial industry is one of the most promising AI application fields, and AI + finance is the top priority of "intelligence +".

On the one hand, the information construction of the financial industry started earlier, and the industry attaches great importance to the standardization and standardization of data collection, so it has a large amount of accumulated data, which provides a solid foundation for the application of artificial intelligence; on the other hand, taking banks, insurance, securities companies as an example, the main business of the financial industry is based on large-scale data development, a large number of cumbersome data processing work, the urgent need for automation and intelligent change to liberate manpower; in addition, financial inclusion and scene-based innovation, also need new technical means to provide support, and the combination of artificial intelligence and finance undoubtedly provides more possibilities for financial innovation.

The author takes the practice of WeBank in the field of AI + finance as an example to introduce. Starting from demand, returning to business value is the core of self-researching AI. WeBank is an Internet bank serving small and micro enterprises and the general public. The most difficult part is the high service cost caused by the large number of scattered and large, lack of collateral, and imperfect guarantee system.

Therefore, the AI team of WeBank applies "AI + service" to actual business links. For example, three application systems are created based on the three major engines of "natural language processing engine", "voice engine" and "vision engine" – "intelligent nuclear system", "intelligent customer service system" and "intelligent quality inspection system", covering the whole process of business consultation, identity verification, data review, operation and lending. At present, through this set of AI robot combination boxing, we allow customers to complete all the online from consultation to application to borrowing, without offline account opening or paper materials, to maximize the solution to the problem of difficult and slow loan processes for small and micro enterprises, and to help enterprises innovate and develop.

The launch of the new national asset management regulations and the inclusion of the Chinese market in the MSCI index have had a profound impact on China’s asset management industry. WeBank is also making efforts in the field of "AI + asset management". It is currently developing alternative data based on satellite remote sensing image data, drone image data, mobile location data and public opinion text information. It can create an AI-driven asset management platform through artificial intelligence technology, which can not only monitor the macro economy in real time, but also predict the trends of listed and bond-issuing companies and different industries. Build an AI + Alternative Data-driven ESG (environmental, social and corporate governance) index, so as to provide investment decisions for asset management companies, fund companies, rating companies and other fields.

In the face of data silos and privacy concerns, where does AI go?

As mentioned above, the complexity, isolation, privacy and security of data are the key factors that plague and restrict the deepening development and application of AI, including the financial industry. How to solve these data problems, break down data silos, and establish true "big data" while better protecting data privacy and security has become a problem that must be solved in the current development of AI.

The author believes that in the face of these problems, we can have a new way of thinking – federated learning (Federated Learning), whose purpose is to protect user privacy and data security. Federated learning, as the name suggests, is to build a virtual "federal state" to unite large and small "data islands". They are like a state in this "federal state", which not only maintains a certain degree of independence (such as trade secrets, user privacy), but also can jointly model and improve the effect of AI models without sharing data.

Essentially, it is a distributed encryption machine learning technology where all parties involved can build models without disclosing the underlying data. This is also a win-win machine learning method. It breaks down the data dimension walls on the top of the mountain, revitalizes large and small "data islands", and connects into a win-win AI continent.

In the field of finance, federated learning can be used to analyze potential fraud; in the field of insurance pricing, it can accurately analyze the attributes of users in more dimensions. For enterprises, the application of federated learning can save costs more effectively, and it can also make user classification more accurate. In addition, for some very sensitive data scenarios, such as the medical field, different hospitals can also share sensitive medical data through federated learning technology.

The future AI new generation of machine learning algorithm framework should be based on privacy protection, security compliance, reasonable interpretation, and transparent reasoning mechanism to ensure the healthy development of artificial intelligence. The development and practice of federated learning provides new ideas for the industry. Of course, the construction of AI ecology and the construction of big data also requires different enterprises, scholars, and research institutions to join forces, share technology, share data, and unite forces to jointly solve data silos and user privacy issues.

AIFuture: Basic research still requires continued efforts

So, what is the current development of AI in China, and what are the future prospects? Ma Songde, former vice minister of the Ministry of Science and Technology, and many other experts and scholars have said that China’s application of AI will be the largest in the world, and the prospects are very good, but continued efforts are needed in basic research.

The author believes that in recent years, China’s AI map has been "dots" one by one, but it has not been able to form a "face". In other words, a deep AI application ecosystem that can open up the industrial chain has not been established, and there is still a lack of system level and infrastructure building.

At present, the industry’s understanding and application of AI is more limited to the single-function product level. For example, an enterprise introduces AI assistance in certain process links, such as human-machine interaction and facial recognition, but such an enterprise cannot be said to be an artificial intelligence enterprise. The entire industry should have a deeper understanding of AI, so that AI can drive the optimization of the core decision-making system of the industry, and maximize the advantages and revolutionaries of AI.

It is hoped that in the future, China’s AI colleagues will pay more attention to basic research and work together to truly drive the development and implementation of core, in-depth, and industrialized AI.

This article is a special column of Yicai Moments, representing the author's personal views only

Not just cars! 4.28-5.3, Xi ‘an International Convention and Exhibition Center, the grand opening of Xi ‘an May 1st Auto Show!

Motor Is More

Xi’ an Wuyi auto show

The grand curtain is about to open.

From April 28th to May 3rd, the 15th Xi ‘an May 1st Auto Show in 2023, hosted by Xi ‘an Municipal Bureau of Commerce and Chinese Business Newspaper, will officially kick off in Xi ‘an International Convention and Exhibition Center.

The exhibition area of this year’s auto show is planned to be 70,000 ㎡, and the exhibition brand, exhibition specifications, exhibition services, supporting activities and communication scope will be comprehensively improved.

More than 100 brands have full firepower

Xi ‘an Auto Show is not just about cars.

As one of the "best-selling consumer exhibitions", this year’s May 1 Auto Show has added motorcycle exhibition area, RV exhibition area and outdoor camping exhibition area, which will more intuitively show the audience the sensory impact brought by the blending of automobile life and fashion; It also introduces cutting-edge scientific and technological concepts such as new energy vehicles (battery, motor, electronic control) and intelligent networked vehicles (intelligent driving, intelligent cockpit, intelligent networked) to depict the infinite possibilities that cars will bring to people’s lives in the future.

It is reported that this year’s auto show plans to open four exhibition halls of Xi ‘an International Convention and Exhibition Center, focusing on displaying fuel vehicles, new energy vehicles, motorcycles, RVs and supporting products, and entering related advantageous businesses such as outdoor camping, car life, car owner service and car purchase finance to jointly ignite the consumption boom of this exhibition!

Up to now, Audi, Volvo, Lincoln, FAW-Volkswagen, SAIC Volkswagen, Cadillac, Guangqi Honda, Guangqi Toyota, Buick, FAW-Volkswagen Jetta, Dongfeng Nissan, Changan Ford, Chevrolet, Skoda, Beijing Hyundai, FAW Toyota, Changan Mazda, Dongfeng Honda, Kia and other imported and joint venture brands, Domestic brands such as Geely, BYD, Link, Changan Automobile, SAIC Roewe, GAC Chuanqi, Chery, Jietu, Xingtu, Pentium, Changan Auchan, SAIC MG, Vespa, Tanks, Haval, Great Wall, Tengshi, Extreme Krypton, Zhiji, Ruilan, Aouita, GAC Ai ‘an, Euler, Gaohe, Ideality and Jiejie.

New energy vehicles start from full power.

Xi ‘an Auto Show is not just about cars.

In recent two years, with the support of intelligent manufacturing, sturm und drang, a new energy automobile industry, has won the top spot in the fierce competition of "New Energy Automobile Capital". According to the statistics of China Automobile Industry Association, in 2022, the output of new energy vehicles in Xi ‘an reached 1,015,500, up by 277.5% year-on-year, accounting for 14.38% of the national share, and won the title of "the first city of new energy vehicle production in China". Under the blessing of policies such as "new energy vehicles are exempt from purchase tax", the new energy automobile industry has ushered in "prosperous production and sales".

In the wave of electrification, intelligence, networking and low carbon, more and more new energy vehicles meet the changing needs of consumers. In order to create an immersive exhibition experience and provide convenience for consumers who love new energy vehicles, an independent new energy vehicle exhibition hall was set up for the first time at Xi ‘an May 1st Auto Show this year. It is understood that the new energy hall of this auto show has gathered nearly 200 new energy vehicles from more than 20 new energy brands, including Aouita, Wenjie, Tengshi, Ideality, Krypton, Geometry, Gaohe, Chang ‘an Deep Blue, Geely Ruilan and Lantu. Among them, Aouita, Deep Blue, Gaohe, Ruilan and other brands made their debut at Xi ‘an May 1st Auto Show.

Xi ‘an Auto Show Camping Carnival

Xi ‘an Auto Show is not just about cars.

In the past two years, the camping industry has become one of the popular leisure activities of the citizens with the rapid development. The rich natural resources around Xi ‘an also provide people who have lived in the city for a long time with the freedom to switch their living conditions at any time. In order to provide you with a diversified platform for visiting and experiencing, this year’s auto show will hold outdoor camping exhibitions in addition to car exhibitions. At the same time, invitations will be sent to the fans of Volkswagen campers all over the country to hold the 2023 China Volkswagen T Series Carnival.

New forms of camping activities such as "camping+trendy products", "camping+parent-child", "camping+cute pets", "camping+movies" and "camping+music" will be displayed in the outdoor camping exhibition of this auto show in the form of camping+trend market, attracting a large number of trendy young people to punch in and build a one-stop service platform integrating RV, tourism, leisure and other lifestyles for consumers.

Five major activities to create a tidal car show

Xi ‘an Auto Show is not just about cars.

On the occasion of the 15th anniversary of Xi ‘an May 1st Auto Show, Xi ‘an Auto Show, together with Luckin Coffee, M+ coffee brand, Lanxiangzi and other catering brands, and online celebrity camping base around Xi ‘an and other partners, jointly sent out multiple free-of-charge benefits for fans, including a series of welfare activities such as free coffee, free food, free online celebrity campsite and so on, and many surprises were collected at the auto show.

From April 16th to April 30th, the Organizing Committee of Xi ‘an Auto Show joined nearly 100 participating dealers to launch the activity of "Watching Live Show to Win Auto Show Tickets". The audience only need to pay attention to the WeChat WeChat official account of Xi ‘an Auto Show, stay in the live broadcast room according to the announced live broadcast time and actively participate in the interaction, that is, they have the opportunity to get free auto show tickets provided by Xi ‘an Auto Show. In addition, the Organizing Committee continued to upgrade the "Car Lottery" activity, bringing consumers more categories, faster delivery and better quality car lottery gifts.

Xi’ an Wuyi auto show

28 April-3 May

Meet Xi ‘an International Convention and Exhibition Center!

Original title: "Not just cars! 4.28-5.3, Xi ‘an International Convention and Exhibition Center, the grand opening of Xi ‘an May 1st Auto Show! 》

Read the original text

How is the construction progress of the pilot area of vehicle networking?

  Since the beginning of this year, the society’s attention to the Internet of Vehicles has been continuously improved, and the construction of national-level car networking pilot areas has continued to accelerate. At present, seven places have been approved to create a national-level car networking pilot area. What is the construction situation of the pilot area? What other aspects should be exerted by combining local advantages with development planning?

  Give full play to the advantages of geographic information

  Recently, the 2023 National Intelligent Driving Test Competition (Yangtze River Delta Division) started in Zhejiang Deqing Intelligent Networked Automobile Test Site. As an important supporting activity of the 2023 World Intelligent Networked Automobile Congress, this event includes a number of special events, including autonomous driving, production cars, car networking safety, etc., with a total of 16 test items, which attracted many brand car companies to compete in the same field.

  Why did this national event land in the small town of Deqing? As the first national-level vehicle networking pilot zone in China, Deqing relies on the advantages of geographic information industry agglomeration to constantly break through industrial boundaries and promote the cross-border integration and development of geographic information and vehicle networking industries. It is reported that Deqing Intelligent Networked Vehicle Test Site, covering an area of 172 mu, is the only public test site in Zhejiang Province that meets both bicycle intelligence and intelligent network testing. Since the completion of the test site, 28 autopilot test licenses have been issued to 20 enterprises. In addition, Deqing also completed the intelligent transformation of 181.6 kilometers of multi-road scenes, and the 949.3 kilometers of roads in the whole region were open for testing.

  Deqing is the highland of global geographic information industry gathering and the source of innovation, with the support of spatio-temporal information and the exploration of vehicle-Lu Yun integration technology at the forefront. "The technology of intelligent networked vehicles is constantly developing, and it is highly dependent on safe and reliable basic geographic information data. Deqing has taken precautions and laid a solid foundation for the development of intelligent networked vehicles industry." Zhu Xichan, a professor at Tongji University Automotive College, believes.

  Since the beginning of this year, Deqing has introduced 26 geographic information industry chain extension projects, 6 intelligent networked auto parts projects with a price of over 300 million yuan, and 7 completed projects. 32 leading enterprises, such as Founder Electric and Mache Technology, have settled in Deqing, and the upstream and downstream industries, such as geographic information, testing and verification, and unmanned low-speed vehicle production, have been gradually improved.

  Chihiro Location Company, which settled in Deqing, is the construction and operator of the national Beidou foundation reinforcement system. In April this year, Chihiro released the "Full Link Map of Beidou Spatio-temporal Intelligence Basic Capability", which marked that all the key links of Beidou Spatio-temporal Intelligence application were opened. At present, 23 mass-produced cars, such as SAIC, Tucki and Ideality, are equipped with Chihiro’s location and time-space intelligent service, with a cumulative service time of over 200 million hours.

  "The centimeter-level high-precision positioning technology was originally only used in the niche and professional surveying and mapping fields. Entering the field of car networking is not a simple transplant and copying, but a revolutionary transformation." Nian Jinfei, general manager of Chihiro Location Intelligent Driving Division, believes that the bottleneck of intelligent driving comes from collaborative infrastructure construction. In the next step, the enterprise will strengthen cooperation with Deqing and accelerate the implementation of the collaborative development of Beidou Road.

  Geographic information and global opening are the two major advantages of Deqing’s car networking industry development. "It is necessary to give full play to the first-Mover advantage of the geographic information industry, and continue to explore from the aspects of intelligent infrastructure optimization and upgrading, cloud control platform construction, and application scenario deepening, and form more experiences and practices that can be replicated and promoted." Tang Xianguo, director of the Dixin Development Center of Moganshan High-tech Zone in Huzhou, said. (Reporter Liu Wen)

  Expand more application scenarios

  Recently, a new energy commercial heavy truck model of Shiqiao Intelligent Technology (Tianjin) Co., Ltd. is being tested in the closed test field of Tianjin (Xiqing) national vehicle networking pilot area, and at the same time, there are more than 10 brands of new energy vehicles waiting for testing.

  "This year, facilities such as straight roads that meet European standards will be built at the testing site to meet the export testing needs of independent automobile brands in China. At present, some new energy vehicles have passed more than 200 test items such as automatic emergency braking and lane departure, and are eligible for listing. This year, a new power station was added to meet the charging and replacing test requirements of new models. " Han Bing, senior manager of the cockpit networking department of Shiqiao Intelligent Technology (Tianjin) Co., Ltd. said.

  Tianjin (Xiqing) National Vehicle Networking Pilot Zone was established at the end of 2019, and a three-level test service system of 14.5 million km virtual test site, 1,475 mu closed test site and 24.5 km open test road was built, forming a complete closed loop of intelligent networked vehicle R&D and testing. "Tianjin (Xiqing) National Vehicle Networking Pilot Area has completed the intelligent upgrade of 408 intersections in Xiqing, realizing holographic perception of road traffic information, real-time data processing and multi-point service." Jiang Hongyi, a staff member of Tianjin (Xiqing) National Vehicle Networking Pilot Zone, said. As one of the national-level vehicle networking pilot areas in northern China, Tianjin (Xiqing) vehicle networking pilot area has accumulated experience in infrastructure renovation, digital platform construction and application scenarios, and further helped the rapid evolution of vehicle-road coordination to vehicle-city coordination.

  Zhang Yanan, chief expert of China Automotive Technology and Research Center Co., Ltd., believes that the Internet of Vehicles is a complete closed loop formed by vehicles, roads, infrastructure and software algorithms. The integration of intelligent transportation into life will bring about industrial changes in more fields such as automobiles.

  Xie Hui, director of the Unmanned Intersection Research Center of Tianjin University, said that not long ago, 48 enterprises including the Unmanned Intersection Research Center of Tianjin University, Zhongqi Zhilian Technology Co., Ltd. and Tianjin Huancheng City Infrastructure Investment Co., Ltd. displayed 24 intelligent networking facilities in Xiqing District, such as unmanned patrol guide cars, unmanned delivery cars and solar photovoltaic panels to charge unmanned vehicles, and planned to use more abundant vehicle networking application scenarios in time walk for one year.

  In Tianjin (Xiqing), there are still many test and application scenarios of intelligent driving to create a national-level car networking pilot zone. JD.COM unmanned logistics delivery vehicle in Zhangjiawo Town, Xiqing District has been in normal operation for 2 years. Gu Yunbiao, deputy director of Tianjin Bureau of Industry and Information Technology, said that by the end of 2023, the key roads in Xiqing District will strive to realize the open road of vehicle networking. By the end of 2024, Tianjin will strive to achieve 1000 kilometers of open roads, and take Xiqing District as the leader and the construction of the pilot area as the traction to accelerate the development of car networking. (Reporter Joline)

  Promote industrial ecological agglomeration

  In order to promote the upgrading of the traditional automobile industry and cultivate new advantages in industrial development, Liuzhou City, Guangxi Province has started to create a national car networking pilot zone since 2019, optimized the research, development, testing and demonstration application environment of intelligent networked vehicles, promoted the industrial agglomeration of intelligent networked vehicles, and built an innovative base for the source of car networking.

  "Liuzhou City has completed the construction of the first phase of the car networking pilot area, held national interconnection and large-scale testing activities, and completed 28 sub-intelligent networked car road test/demonstration applications for local car companies such as SAIC-GM-Wuling and Dongfeng Liuqi. License review and issuance work." Zheng Wei, head of the Industrial Development and Data Application Section of Liuzhou Big Data Development Bureau, said.

  At present, Liuzhou Vehicle Networking Pilot Area Project (Phase I) has invested 197 million yuan to realize the upgrading of 79.88 kilometers of road networking and 125 intersections, and has completed the deployment of 241 sets of vehicle networking C-V2X roadside equipment (RSU), 476 sets of edge computing units (MEC) and 1090 sets of roadside sensing equipment, creating off-site unmanned logistics scenes, Liuqi city logistics scenes and unmanned logistics vehicle scenes. It also completed the first phase of the public service platform in the vehicle networking pilot area, met the application of seven networked demonstration roads, realized the access management of intelligent transportation equipment, roadside equipment and signs and markings, and provided edge-level, regional-level and city-level vehicle networking application services.

  It is understood that the Liuzhou Vehicle Networking Pilot Area Project (Phase II) has completed the project establishment and obtained the approval of the feasibility study report, and the design scheme is being prepared. By the end of this year, it is planned to complete a total investment of about 100 million yuan, and complete the intelligent upgrading of 231 kilometers and 299 intersections of Liuzhou urban trunk roads, forming a full coverage of 5G, car networking network and Beidou high-precision positioning services. By 2025, the planned investment in the construction project of Liuzhou Vehicle Networking Pilot Area is 961 million yuan, which is expected to cover 650 kilometers of smart road network.

  At the same time, Liuzhou actively launched investment promotion and promoted the ecological agglomeration of new industries in the Internet of Vehicles. Guide key enterprises in Liuzhou, such as SAIC-GM-Wuling, Dongfeng Liuqi and Guangxi Automobile Group, to accelerate the R&D and production of intelligent networked vehicles and parts. At present, 11 head enterprises of networking such as CITIC Branch Zhilian, Furui Zhixing and Xidi Zhijia have been registered.

  In the future, Liuzhou Vehicle Networking Pilot Zone will build a new energy+intelligent networking innovation highland, accelerate the integration of industrial chain innovation chain, provide a policy environment for driverless cars to go on the road, form local standards, actively explore cross-industry standardization work and promote cross-industry interconnection of vehicle networking. "Liuzhou will firmly grasp the development window of the car networking industry, drive the intelligent networked automobile industry gathering such as product research and development, testing and production, and strive to create a scalable and replicable car networking construction model to comprehensively promote the transformation and upgrading of the automobile industry." Zheng Wei said. (Reporter Tong Zheng)

[Beautiful scenery] The forest is dyed and the autumn colors are gorgeous. Go to the water town to meet the most beautiful autumn scenery in the south of the Yangtze River.

  Autumn always gives people a lonely atmosphere, like a fading picture scroll, pouring out the sadness of parting. The autumn in the Red River Water Town is bright and lush.

  For Yunnan, the circulation of the four seasons seems to be less and less obvious, and perhaps only this yellow fallen leaf can witness the arrival of autumn.

  If you want to chase the red leaf scenery, it is better to feel the street of Honghe water town first. This is autumn in the town, and it will be autumn after a short stay.

  Sometimes I look up at the sky, blue and clear, and my thoughts are infinite. Golden ginkgo, coupled with the blue sky, this transparent sunny and dazzling golden color collides with the unique taste and beauty of autumn.

  Rather critical always thought that autumn could be called when the trees were full of golden colors. In fact, autumn, when a leaf falls slowly, is so complete and silent.

  In the season of osmanthus fragrance, the whole red river water town is soaked in the sweet osmanthus fragrance. In perception, the sense of smell often takes the lead. You haven’t noticed the yellow flowers hidden in the branches. A little wind blows, and the faint fragrance first finds the sense of existence.

  Even the clean streets are stained with osmanthus fragrans, which is unique in autumn, and it looks unique. A sweet-scented osmanthus fragrance makes people stay for a long time. The scenery of the street and the mood of the season are all frozen at this moment in the town.

  In autumn, there are not only fragrant osmanthus, but also red maple. A maple leaf, from light green to orange red, only feels that autumn has arrived in the world, and I don’t know how much wind and rain are swaying. Brilliant as a flower, flaming like a sunset, like fireworks of life, burning in the branches of late autumn.

  Walking in such a small town, the traffic between buildings is nothing to do with me at the moment. Enjoy the warmth of sunshine and the quietness of time. I would like to have a cup of good tea and enjoy autumn scenery in this season.

  Red River water town with abundant autumn colors.

  So beautiful

  If you happen to be there.


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Source: Honghe Tourism

Explosive demand attracts the influx of capital. What new opportunities are there in the beauty industry?

From 2021 to now, the beauty track has been constantly running with "capital", which has surpassed last year in quantity.

According to public reports, on July 6th, the beauty industry was born with the largest amount of financing this year-KK Group was led by JD.COM with an investment of about 300 million US dollars. The group owns a large beauty collection store brand THE COLORIST and X11 and other new consumer and retail brands.

This is just a microcosm of the beauty industry. This year, there are only about 20 enterprises that have received more than RMB 100 million in financing, including Meishang, Lan, Xuelingfei, WOW COLOUR, USHOPAL and Liran.

With the help of capital, a large number of companies in the beauty field have gone public, covering the A-share, Hong Kong-share and US-share markets. Recently, companies that have been listed or will be listed in the beauty field include Kaichun Industry, Baiyang Medicine, Juju Zhilian, Betaine, Youquhui, and Yijia.

In this fiery market environment, the whole industry chain of beauty industry is welcoming the best times and the most business opportunities, and practitioners in the beauty field will undoubtedly enjoy more dividends. But if you want to capture business opportunities, you need to have a quick insight into the beauty industry.

Then, in the next half year of 2021, what are the trends and phenomena in the field of beauty that deserve special attention?

The heat of new consumption investment and financing has risen.The domestic product leader rises rapidly.

The glory of domestic products may be traced back to the perfect diary that sprang up three years ago. Many people once thought that this was just a gust of wind. However, a large number of brands, such as Huaxi Zi, Ximuyuan and Runbaiyan, which ran out in the following years, made people realize that the spring of domestic brands has really come.

Take this year’s Tmall 618 as an example. In the sub-category of beauty field, the performance of new domestic brands is particularly bright-in the four sub-categories of powder cake, makeup set, honey powder/loose powder, eyebrow pencil/eyebrow powder/eyebrow cream, Hua Xizi is the first; In the categories of makeup remover, pure dew, makeup spray, etc., it is the domestic brands such as one by one, the sky of daisies and Berry Beauty.

A data of Tmall can also prove this point. In 2020, 3,000 beauty merchants opened stores in Tmall, but more than 2,000 of them were new domestic brands. And among them, 30 beauty brands have become "dark horses", achieving sales of over 100 million.

Among them, there are a lot of investment opportunities, but capital is also a double-edged sword. How to treat capital rationally and grasp the investment opportunities is a subject we need to study. It is reported that the founding partner and chairman of Jiayu Fund will present the latest insight "Let capital empower brands instead of killing them" at the upcoming China Cosmetics Conference, and look forward to his opinions.

Cosmetic industryThe first share"Frequent listed companies have strong stock prices.

As of July 9, the closing price of Huaxi Bio (688363.SH), the first share of hyaluronic acid, was 284.30 yuan/share, which was more than five times higher than the listing issue price of 47.79 yuan/share. The P/E ratio has exceeded 200, and the market value once exceeded 150 billion. Huaxi Bio, which has the hard power of biotechnology and the whole industrial chain, has become the core asset sought after by investment institutions.

Since the renewal of management in the second quarter of 2020, shanghai jahwa, under the leadership of Pan Qiusheng, chairman and CEO, has started a century-old national brand revival war, with remarkable reform results, the stock price reached a record high, and the total market value once exceeded 40 billion yuan.

Polaiya, a local cosmetics company, has achieved rapid growth even under the influence of last year’s epidemic. This year, it has made a good start, with revenue of 905 million in the first quarter, up 48.88% year-on-year.

There are also companies such as Liren Lizhuang, Northbell, Yuyuan, Focus Media, etc., which are outstanding in the cosmetics track. It is reported that the chairmen or CEOs of these seven listed companies will gather at the 14th China Cosmetics Conference held at the Shanghai National Convention and Exhibition Center on August 5-6, when the latest strategies and the methodology behind them will be released on the spot.

Efficacy, skin care, high light moment, emerging track is worthy of attention.

This year’s 618, the only domestic brand in the TOP10 category of Tmall beauty is Winona. The data shows that Winona has been ranked as the TOP10 beauty and skin care category of double 11 Tmall for three consecutive years since 2018. Especially last year, Winona sparked a discussion boom with the only domestic brand of TOP10 in Tmall skin care category.

On March 25th this year, Winona’s parent company Betani successfully landed on the Growth Enterprise Market of Shenzhen Stock Exchange, with a total market value of over 110 billion yuan. Since 2017, Winona’s market share has gradually surpassed international brands such as Vichy, la roche-posay and Avene. At present, Winona ranks first in the domestic efficacy skin care market with a market share of 23%.

Winona is not the only one who has grabbed the huge dividend in the efficacy skin care market.

According to public information, in 2020, Tmall’s flagship store sales ranked the top three brands in terms of year-on-year growth rate, including Quadi and Runbaiyan under Huaxi Bio, and Yuze under shanghai jahwa. Among them, Quadi’s growth rate reached 99.94%, Runbaiyan’s growth rate reached 187%, and Yuze’s growth rate reached 265%.

Efficacy skin care market has become the hottest "emerging market".

Opportunity lies in China Cosmetics Conference.

In the field of beauty, if there is a platform that can link the most beauty resources and business opportunities, it is China Cosmetics Conference.

Since its inception in 2008, the China Cosmetics Conference, jointly created by Pinguan APP and Cosmetics Watch, has successfully invited at least 500 first-line coffee makers from the commercial, economic and even cultural fields in China to share their thoughts and opinions, including many bosses of listed companies outside the industry, top investors and opinion leaders, such as Zhong Shanshan, Shen Nanpeng, Jiang Nanchun, Wei Zhe, Luo Zhenyu and Fang Yuyou.

More than 200 investors from all over the country attend the meeting every year, which is an important platform for investment institutions and financial media to study the frontier ideas of market development and expand industry resources.

With the rapid recovery and prosperity of China’s beauty market ahead of the world, the 14th China Cosmetics Conference with the theme of "China Time" will be held at the Shanghai National Convention and Exhibition Center on August 5 -6, 2021.

In addition to the main forum, there are six sub-forums on new marketing, new channels, new domestic products, new product development, efficacy skin care and design innovation. The first theme exhibition of "Beauty New Domestic Products" will also be launched, and 100+ emerging domestic brands will be exhibited at the same time.

If you are interested in listed companies, cutting-edge domestic products and new beauty tracks, the 2021 China Cosmetics Conference is the most information-intensive and must not be missed event in the whole year. Scan the QR code below to view the full agenda.

Funny version? The Japanese media ranked the men’s singles, Malone was fourth, and Fan Zhendong didn’t make it into the top five. The first was not unexpected.

At present, the Chengdu World Table Tennis Championships, which has attracted the attention of table tennis fans all over the world, has decided the final king. China Guoping, the king of the world table tennis world, won the championship of men’s team and women’s team without accident. This result is also the embodiment of Guoping’s top strength. However, although the champion belongs to Guoping, for some defeated players of Guoping, they have to find something else to show their unconvinced. No, Japanese table tennis, which has been suppressed by national table tennis, came back to China, and the Japanese media released a list of male table tennis players in the World Table Tennis Championships. Funny thing is, in this list, Malone, who won all seven games in the World Table Tennis Championships, was directly ranked fourth. At present, Fan Zhendong, which ranks first in the world, is directly ignored by the Japanese media, and can’t even enter the top five. As for the number one player, I believe you should have guessed it.

Chengdu World Table Tennis Championships, as a major competition this season, almost all the top table tennis players in the world came to Chengdu to participate in this table tennis feast. As the host country and the top table tennis team in the world, Guoping is naturally the favorite of the champion. However, neither the men’s team nor the women’s team let the fans down. In their own home court, Guoping won two championships in a sweeping way. Of course, compared with the women’s team, there are still some waves in the men’s team’s championship.

In the semi-final with the Japanese men’s team, the China men’s team encountered the biggest challenge since the start of the game. Japan’s first brother, Chinese-American Zhang Benzhi, is in very good shape in this World Table Tennis Championships, especially in this Sino-Japanese table tennis semi-final. In order to test Wang Chuqin, the national table tennis coaching staff arranged for Wang Chuqin to serve as the second single against Zhang Benzhihe. Wang Chuqin, like Zhang Benzhihe, is a post-00 player, which can also be regarded as a confrontation between new forces in the future table tennis world. But what I didn’t expect was that Wang Chuqin lost completely in this post-00 showdown.

If Wang Chuqin’s loss is understandable, then the number one player in the world, the key player of China team, the loss of a single Fan Zhendong made the fans feel nervous. In the face of Zhang Benzhihe, Fan Zhendong lost his former swagger and was defeated by Zhang Benzhihe. In the end, although Guoping still relied on its overall strength, it eliminated the Japanese team and advanced to the final. However, this five-game game still made many fans sigh: Fortunately, there is only one Japanese team, Zhang Benzhi and He.

It was Zhang Benzhihe’s performance that completely stunned the Japanese media after the game. After the World Table Tennis Championships, the Japanese media "Tokyo Satellite TV" produced a ranking of men’s table tennis strength in the World Table Tennis Championships. To tell you the truth, this ranking is a bit interesting. He is convinced of the players’ victory in the World Table Tennis Championships as a basis for ranking. In other words, whoever wins more games will be in the top position. That’s right, there is such a funny situation. No one of the main players in table tennis can enter the top three. After all, the seven wins of seven battles, which are as strong as Malone’s, can only be ranked fourth because of too few wins. Fan Zhendong, the number one in the world, can’t even get into the top five in this ranking.

Not surprisingly, in this ranking, the number one player in Japan’s team is naturally Zhang Benzhi and He. He ranked first with 11 wins and 1 loss, and was called the strongest men’s singles player in this World Table Tennis Championships. The second place is Huang Zhen Ting, a Hong Kong player from China who scored 8 wins and 3 losses. The third place is Qiu Dang from Germany, whose record is 8 wins and 4 losses.

To be honest, this ranking is totally unreasonable. After all, because of the strength of national table tennis, all the five main players have strong strength, basically taking turns to play. In this way, Malone’s chances of playing will naturally be less. However, Malone only played seven games, but he won all. Just because he played a few games less than Zhang Benzhi, is he weaker than Zhang Benzhi in strength? It can only be said that this is just the self-satisfaction of the Japanese media, which specially found an angle that is beneficial to Japanese players to make such a ranking. However, it is difficult for them to think of such an angle.

Chen Gen: the big country competition, competition management

Wen | Chen Gen

In the era of a large change in the past 100 years, artificial intelligence serves as the core technology of the new round of technology revolution and the industry revolution. For the importance of global development, artificial intelligence technology determines that the international leadership of the big country is almost one inevitable. However, the uncertainty of artificial intelligence development has also exacerbated the difficulty of technical risk management, bringing new challenges for global governance.

First, the high productivity of artificial intelligence also means high fortification.Wealth accumulation and speed and international strength contrast will have a more obvious partial wild, that is, the rich country is rich, the strong country is more strong, and the poor country is the stronger, the weak country weakens, resulting in more wealth unevenness and unfair Incorrectization, more conflict with conflict and conflict and terrorism, this is a greater uncertainty and governance of global governance.

Second, artificially intelligent high execution also means high destructive power.If the new weapons and network viruses, there is an endless body condition that has the human body conditions and the unknown tired action, which will bring benefits to the implementation tasks of various countries, but may also be used by some forces, thus giving international Society has brought serious safety hazards, and may even bring disasters to the entire human society.

Finally, the high intelligence of artificial intelligence also means high political. Advanced artificial intelligence gives the technical owner’s outstanding additional advantages, robotic industry, gene sequencing, automatic driving, intelligent finance, smart city, big data processing, natural language processing, image identification, intelligent military system and other artificial intelligence, Change the country’s core competitiveness and economic and social and industrial structure, thereby changing the power structure in many fields.

Because of this, as a big country as the development and application of artificial intelligence, China and the United States play an extremely important role in artificial intelligence, and both parties have unique advantages that other countries cannot copy.How to prevent or reduce artificial intelligence technological advances on the negative impact of global sustainable development and strategic stability requires the work of China and the United States.

In fact, competition in the field of artificial intelligence is not an absolute zero and game, and there is a cooperative development and mutual benefit between parties. China is relatively leading in experimental research and results, and the United States is more leading in basic research and cutting-edge technology exploration. There is a broad cooperative space in both parties.

To this end, China and the United States should be in-depth thinking, work together to launch a formal dialogue on the application of artificial intelligence in safety and economic sectors.Promote the transparency of artificial intelligence research and development, driving its beneficial results to achieve reasonable allocation in a global scale, to minimize the competitive situation that may lead to catastrophic conflicts, and promote the formation of reasonable, benign competition and cooperative relations.

As Kissinger said, China and the United States are the most capable of impacting world progress and peace in technology, political experience and history, and solving the important issues in both parties in cooperation will be China and the United States. Common responsibility for peace and progress.