Another smart driving supplier to Hong Kong IPO! Xiaomi injected capital and lost nearly 1.6 billion in three years.

Author | Your Words

Editor | Zhihao

On the same day that Xiaomi SU7 went public, Zongmu Technology, a supplier of autonomous driving solutions, submitted a listing application to the Hong Kong Stock Exchange!

On April 4th, news of Chedongxi, recently, Zongmu Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Zongmu Technology"), an intelligent driving solution provider funded by Xiaomi, officially submitted a prospectus to the Hong Kong Stock Exchange, with Huatai International and BNP Paribas as co-sponsors.

According to the IPO documents provided by Zongmu Technology, Zongmu Technology’s revenue has continued to grow in the past three years, achieving revenue of 225 million yuan, 470 million yuan and 498 million yuan respectively, and accounting for nearly 500 million yuan last year. In three years, the losses of Zongmu Science and Technology were about 434 million yuan, 588 million yuan and 564 million yuan respectively, and the losses in three years were nearly 1.6 billion yuan.

Black Sesame updated IPO documents, its revenue quintupled in three years, and its R&D investment exceeded 2.7 billion.

▲ Looking at the IPO documents submitted by HKEx.

According to the prospectus, Zongmu Technology is an ADAS solution provider in China, which provides solutions covering all-round autonomous driving functions with advanced autonomous driving technology.

The company also uses the company’s expertise to develop self-driving energy service robots, mainly providing intelligent mobile energy solutions for property operators. As a first-class supplier, the company is involved in all aspects of the autonomous driving field, including software design, hardware design, system design and the integration of these components, thus developing a solution that can be deployed on a large scale.

At this stage, whether the ammunition depot is sufficient and whether the funds are abundant has almost become the key criterion for whether the upstream and downstream of the autonomous driving industry chain can survive the "cold winter".

Zongmu Technology, which was established in 2013, submitted an application for listing to science and technology innovation board as early as November 2022, but the road to listing was not smooth. Zongmu Technology withdrew the application in September 2023 and planned to list on the Hong Kong Stock Exchange. Last week, Zongmu Technology officially submitted the form to the Hong Kong Stock Exchange for listing.

First, the compound growth rate of revenue is nearly 48%, and the gross profit margin has turned from negative to positive.

Looking at the IPO document of Zongmu Technology, it is found that as a leading intelligent driving solution provider in China, a number of financial data of Zongmu Technology have continued to develop well in the past three years.

In the past three years, the revenue of Zongmu Science and Technology has continuously increased, reaching 225 million yuan, 470 million yuan and 498 million yuan respectively, with a compound annual growth rate of about 48.7%.

Black Sesame updated IPO documents, its revenue quintupled in three years, and its R&D investment exceeded 2.7 billion.

▲ Zongmu Technology’s revenue has continued to grow in the past three years

As far as the specific business is concerned, Zongmu Technology’s main business is the field of automatic driving, including software, hardware, system design and component integration. The company’s comprehensive intelligent driving solution supports automatic parking from L2+ level to automatic driving, and its Drop’nGo platform supports the development and iteration of intelligent driving functions from L0 level to L4 level.

According to the IPO documents, more than 90% of Zongmu Technology’s revenue comes from the sales of intelligent driving products and solutions, which account for about 91.3%, 90.5% and 92.0% of the total revenue in 2021, 2022 and 2023 respectively.

In the same period, Zongmu Technology’s revenue from smart driving products and solutions increased from 206 million yuan to 458 million yuan, with a compound annual growth rate of 49%.

In addition, the related products of Zongmu Technology have also got a good ranking in the industry: Zongmu Technology ranks fifth in the ADAS (Advanced Driver Assistance System) market, with a market share of 1.0%; Ranked second in the automatic parking solution market, with a market share of 4.9%; It ranks first in APA (Automatic Parking Assistance System) market, with a market share of 5.6%.

In terms of losses, the company’s losses during the year were about RMB 434 million, RMB 588 million and RMB 564 million respectively. The adjusted net losses were 382 million yuan, 477 million yuan and 516 million yuan respectively.

Of course, the executives of Zongmu Technology have made a public statement about this persistent loss because "the chip is too expensive".

In addition to these, one of the biggest highlights of this document is that Zongmu Technology has achieved a positive gross profit margin in the past three years. From 2021 to 2023, the gross profit margins achieved by Zongmu Technology are -8.9%, -3.5% and 3.5% respectively, which shows the sustainability of the business model of Zongmu Technology.

Black Sesame updated IPO documents, its revenue quintupled in three years, and its R&D investment exceeded 2.7 billion.

▲ Changes in gross profit margin of Zongmu Technology in recent three years

Second, 74% of the top ten OEM fundraising will be used for research and development.

The gross profit margin of Zongmu Technology has changed from negative to positive, and behind the rapid growth of revenue is the huge customer base of Zongmu Technology.

On the market side, the prospectus shows that during the track record period, Zongmu Technology has carried out business cooperation with all OEMs with the top ten sales volume in China in 2022 (accounting for 72.1% of the total sales volume of passenger cars in China market) and many other major new energy automobile brands in China. At present, Zongmu Technology is deploying intelligent driving solutions for 50 models.

The support of users is largely due to the technical ability of Zongmu Technology.

According to this IPO document, in terms of R&D investment, in 2021, 2022 and 2023, the R&D expenditure of Zongmu Technology was 273 million yuan, 335 million yuan and 369 million yuan respectively. By December 31st, 2023, there were 524 R&D teams, accounting for 58.2% of the total employees.

With the IPO of Zongmu Technology, Zongmu Technology has determined the use plan of the preparatory funds for this landing on the Hong Kong Stock Exchange. It is reported that 74% will be used for research and development in the next three years, mainly focusing on "investing in the shared equipment and infrastructure of development projects, investing in the development of a new generation of Drop’nGo platform, investing in the development of integrated solutions for parking and navigation, and investing in the development of energy service robots.

In terms of shareholder composition, Xiaomi’s shareholding ratio is 4.73%, making it the fifth largest shareholder of Zongmu Technology. In addition, Zongmu Hong Kong holds 22.17% and Junlian Chengye, a subsidiary of Junlian, holds 7.55%.

Conclusion: China’s intelligent driving industry chain has hit the market.

As an autonomous driving technology enterprise with artificial intelligence technology as its core, Zongmu Technology has been committed to providing cost-effective intelligent driving solutions since its establishment, and has been widely recognized by the outside world in terms of technology, products and solutions.

At present, cash players from many self-driving tracks, such as Horizon and Black Sesame Intelligent, have rushed to the capital market, with the intention of using external capital to consolidate ammunition.

Players in the smart driving industry chain represented by Zongmu Technology are continuing to push forward the listing process. In this process, players in the China industry chain are expected to gain more sufficient capital reserves, touch a broader global market and bring long-term return potential to investors.

He once became popular on the Internet because of the phrase "I believe it anyway"! Seven years later, he changed from a spokesperson to a trainer.

"I believe anyway" was a label in Wang Yongping for a long time. In the past seven years, Wang Yongping, who was far away from the spotlight, chose to keep his mouth shut and wrote 200,000 words of documentary literature "Believe", but he refused to publish it all the time. Nowadays, Wang Yongping has gradually put down the burden of the past and become more and more open-minded. He claims that he will not take the phrase "I believe anyway" as a lifelong regret, and sincerely expresses his wish. "I hope that the spokesperson I trained will not have the experience of becoming a party again. After all, it is not a pleasant thing."

▲ Wang Yongping in the classroom (Source: Red Star News)

Red Star journalists were invited to attend Wang Yongping’s "news training class" and listen to his story about his mental journey after leaving the publishing platform.

In November 2015, Wang Yongping, who turned 60, announced his retirement.

In August, 2011, one month after the "723 bullet train accident", Wang Yongping, the former spokesperson and propaganda minister of the Ministry of Railways, was announced to be removed. Subsequently, he was appointed as the Chinese representative of the Railway Cooperation Organization and served as the vice chairman, and went to Warsaw, Poland to work and live in Europe for three years.

After retirement, he splashed ink and wrote poems and compositions every day, and even went to the park to sing with everyone. In addition, he is an adjunct professor at the Training College of Communication University of China, co-director of the Research Center for Spokesman of Communication University of China, and a researcher at the Crisis Communication Center of Sino-Singapore think tank, and often appears in training classes.

On the morning of April 11th, Wang Yongping attended a special training class for a system publicity business in China Communication University. Wang Yongping, wearing a jacket, transferred to the subway twice from his home near the West Railway Station and rushed to the Communication University campus near the East Fifth Ring Road.

There are no long guns and short guns in the class, and there are no angry words. For nearly three hours, from the time he stepped onto the podium to the end of the course, he kept a straight standing posture with a smile and no lecture notes, explaining the laws, principles, methods and skills of news release, and interspersed his own experience as a spokesperson.

Wang Yongping didn’t forget to start with himself. He started with his own words "I believe it anyway". In countless classes in the past few years, he has repeatedly mentioned this history that others may think is a scar as a lecture material.

"None of us are immortals, and it is forgivable to say a word or two wrong. However, it is unforgivable to dare to stand up, dare not take responsibility, and be silent, causing a greater crisis of public opinion. " Wang Yongping mentioned that he didn’t want other spokesmen to change from spokesmen to parties after him because of one or two words.

He also repeatedly mentioned that "the spokesman is speaking on behalf of the government. If false information is said, the account will be recorded on the government. Once it is revealed, it will be considered that the government is telling lies, and the losses caused are huge. Be sure to say something that is true and can stand the test of history. "

Wang Yongping, who said "I believe it anyway" seven years ago, was once the object of criticism.

In November 2011, when Wang Yongping left for Poland in a low-key way, only a few family members and colleagues saw him off, and he didn’t want to tell more friends. On the same day, Wang Yongping was the last to board the plane. At the last minute, he raised his arm to the motherland that was about to leave for a period of time and made an unspeakable farewell.

Wang Yongping is indifferent to the present, which was difficult to achieve just a few years ago. Later, his past experiences became his lecture materials, and he enjoyed his teacher status.

Last year, Wang Yongping won the most popular teacher award of the year of the National Media Literacy Training Program for Leading Cadres. This award, which was selected by the students themselves, was happily exposed in the circle of friends. He jokingly wrote: "There was no honor in the job, but I got a certificate when I stepped back." "This is a little red flower for children."

The days that were once shrouded in public opinion have long passed. Wang Yongping said: "The life now is very transparent, and it is the life I want to live."

Image source: Red Star News

Red Star News: What do you think is the biggest change from retiring as a spokesperson to retiring and then becoming a spokesperson trainer?

Wang YongpingThe biggest change is to return to calm and calm from the cusp of the wind. Different platform positioning, different clients and different requirements for me — — It takes constant learning and improvement to adapt. On the whole, I feel that I am still working hard to promote information disclosure, meet public needs and play the role of the media, so to some extent, the ultimate goal of the speaker and the lecturer is the same.

In fact, this is a process from the front to the back. In the past, when you were a spokesperson, you had to resist pressure from all sides in special situations. Now, without facing the media, the camera and the society, it has become indifferent. I am very satisfied with this situation. Take the interview as an example. Speaking on behalf of the government in the past was the overall situation and must be rigorous. Now I am interviewed by reporters occasionally, and I only talk about personal matters, which are insignificant and relatively free.

Red Star News: There are many labels on you now, including former speakers, poets, writers, calligraphers and teachers. Which of these labels is your favorite?

Wang Yongping: These labels were put on me by others. After retirement, life becomes simpler and richer. Writing poetry, composition, photography, singing and speaking are all my interests, enriching my life, and expressing my heart truly. I feel particularly satisfied. In fact, when I was a spokesperson in the past, I didn’t want everyone to pay attention to me, but I wanted to pay attention to the development and changes of the railway. When I can’t be understood by others, I will be very anxious and try my best to hope that everyone will understand.

Now that I talk and do things, I don’t have much thought and pressure. For example, if I want to write a poem, I will write it when I am inspired. As for whether I can send it or not, I don’t care so much about what happens after I send it. When writing calligraphy, you can stay indoors for a long time and enjoy yourself. Friends never refuse to ask for words. I also tell the truth in class. If I don’t believe it, I won’t tell others.

Red Star News: Last year, you were awarded the most popular teacher award of the National Leading Cadres Media Literacy Training Program. What do you think of this affirmation and honor? Why does this honor make you particularly happy?

▲ Wang Yongping was awarded the certificate of "Most Popular Teacher Award of the Year" (Source: Red Star News)

Wang Yongping:I haven’t paid much attention to fame and fortune in my life, and I haven’t won any rewards in my post in the past. But this time, China Communication University gave me this honor, and I was really happy. This is the students’ recognition of the teacher’s lecture and their true reflection. The lecture itself made me feel very full and satisfied, and the college gave me this surprise, which naturally made me very happy. I photographed the certificate and showed it off in my circle of friends. I got hundreds of praises in less than half an hour.

In fact, many teachers have also won this award, and they all speak better than me. Maybe everyone recognizes me, because I am more practical in class, familiar with the situation, have accumulated a lot of life, have both positive and negative experiences, and can speak frankly, which is easy to resonate with everyone emotionally. In addition, I never sit in lectures or take manuscripts, because I hope to communicate with my friends equally and naturally, and what I say comes from my heart.

Red Star News: Why do you want to be a teacher after retirement?

Wang Yongping:When I just retired, I still had misgivings about being a teacher, and I had a lingering fear. I don’t want to come out and become the focus again. I just want to live a quiet, poetic and quiet life. However, the leaders of the State Council Office, the Communication University of China and the Sino-Singapore think tank did work for me, saying that my experience was a rare treasure and should be used. So, I promised with a try. The first time I went to the Sino-Singapore news think tank training class, I talked about "the responsibility of the spokesperson", but I didn’t expect the effect to be unexpectedly good. The applause was warm, and some people even wrote poems on the spot and handed them to the podium to encourage me. After class, the students lined up to take photos with me … …

I have a feeling of being understood after being wronged and trusted after being hyped. So, I began to dispel my doubts and boldly speak out my real experience and deep thinking in the past. Not only let a real Wang Yongping stand in front of everyone, but also let my experience and lessons turn into everyone’s wealth.

Red Star News: You always take yourself as a negative example. In those days, you said, "Believe it or not, I believe it anyway", and even you took it as your own "shocking words" to warn other news spokespersons. What are your considerations? After all, it was a press conference that ended your spokesperson’s career.

Wang Yongping:I did say I was willing to be a negative teacher. Because in the past a long time, netizens have given me such a position, and many experts and professors have also analyzed me as a negative case in the teaching of news communication. I have to comply with everyone. What’s more, there were indeed many unsatisfactory things in that conference, and experts have taken me as an example until now. I can understand that it was an unavoidable thing in the process of building the news speech system, but now it is much more rational.

In any case, I hope that the spokesperson I have trained will not have the experience of the spokesperson becoming a party again. After all, it is not a pleasant thing. As for the sentence "I believe it anyway", more consideration should be given to the mood and context at that time, and there is no rule out the element of self-mockery.

Red Star News: Is this sentence "I believed it anyway" the biggest regret in your press conference career?

Wang Yongping:This sentence may accompany me all my life and become a real label. I’m afraid no sentence will be repeatedly interpreted by the media like this one, and even when someone mentions this sentence later, I am particularly sensitive. I actually stressed my tone at that time. I was very anxious. I hoped that everyone would believe me. I hoped that this incident would not have too much impact on the high-speed rail. The starting point was to maintain the high-speed rail. But later, this sentence was misinterpreted as unreasonable. At one time, I also regretted it and couldn’t figure it out. How could this sentence have such a great negative impact? At that time, I didn’t want to surf the Internet for half a year, and I was deliberately isolated. After years of precipitation, my mood gradually calmed down.

After I calmed down, I began to explain why I said this at that time and what the context was. Later, in fact, I didn’t feel much anymore, and occasionally I felt very manly for daring to stand up at that time. Objectively speaking, if this sentence is not said, it will be better for the press conference at that time, but I will not regard it as a lifelong regret.

Red Star News: You have written four books abroad. Why have only three books been published and one has never been published?

Wang Yongping:When I was abroad, I wrote four books, one was a collection of poems in the Kingdom of Poetry, the other was a collection of essays on the banks of the Vistula River, and the other was a documentary literature, Walking on the Eurasian Continental Bridge. The unpublished book was a documentary literature called Believe, which wrote 200,000 words and recorded the events around the press conference of "723 Wenzhou bullet train accident". The purpose of writing a book is to make it clear to the society about the real situation and my real thoughts at that time, but now everyone knows the truth, and I am also worried that it will cause hype again after publication. Besides, it is inevitable to involve some people and things, and it is not my original intention to cause others to be attacked. Don’t do to others what you don’t want them to do to you, so this manuscript has been at the bottom of the box.

Red Star News: Some people think that the relationship between a spokesperson and a reporter is like a contest. As a spokesperson who was "stumbled" because of a press conference and a reporter’s containment, what do you think of the relationship between a reporter and a spokesperson? What do you think of the reporter’s criticism of the spokesman?

Wang Yongping:When I was a spokesperson, I always regarded journalists as friends, and I also gained their support for railway work and my personal friendship. Even at that time, I was deeply moved by the rationality and sincerity of many journalists and friends. At that time, some reporters did say something too much. Afterwards, they also reflected and even apologized to me. They also made me respect.

It is their duty for journalists to find fault, which is different from deliberate hype and should be respected and accepted. Moreover, I think that nitpicking is also a kind of motivation, which can make the spokesman more serious and rigorous, and finally achieve impeccable and non-nitpicking. Dealing with the media is a science, and my advice to the students is: to deal with the media with full preparation, to deal with the media with sharp eyes, to deal with the media with a peaceful mind and to deal with the media with a good image.

Red Star News: As the first generation spokesperson of the central ministries, you were once called the golden generation. Now, many of the golden generation of that year have now withdrawn from the ranks of spokespersons. Nowadays, the media communication environment, especially the change of new media communication channels, makes today’s news spokesmen face more criticism and scrutiny from the media and the public. What media literacy do you think should be added to adapt to this change and how to deal with the "magnifying glass" under the network environment?

Wang Yongping:At that time, all the spokesmen retired and transferred, and a new generation of spokesmen is growing. It is an objective law of the development of things that talented people come out in the Jiangshan generation. As for whether the communication environment is more complicated now, it should be objectively analyzed. Today, with the rapid development of new media and self-media, the channels of communication are more diverse and the audience is more and more extensive, which is more challenging for the spokesman. On the whole, however, due to the attention from top to bottom, the spokesman system is more perfect, the public opinion environment is more optimized, the audience is more rational, and the quality of the spokesman himself is also improved on the basis of the practice of the predecessors, so it is more appropriate to call it the "golden age" of news speech at present.

Red Star News: After retirement, do you continue to pay attention to the performance of other spokespersons? What’s the difference between a client and a bystander?

Wang Yongping:Will pay attention, but not deliberately, just a habit that has been continued from the past career. Because my past experience has made me feel the same way, I can especially understand their pressure and difficulties. Anyone can find fault, but it may not be beneficial. I don’t want to criticize others. Even if I have to be a comment teacher at the simulation conference, I will pay special attention to my attitude and wording, lest my words hurt others. As for the difference between the parties and the bystanders, in my opinion, the parties bear a heavy burden and have to face the judgment of everyone; The onlookers are calm and carefree, and the pressure and responsibility of the two are not the same, and the feeling is of course different.

Red Star News: A few years ago, you said that you lacked research and understanding of new media. What kind of research conclusions do you have in the past few years of retirement?

Wang YongpingAt the beginning, when the new media came head-on, because of my lack of due sensitivity and mature experience, I was greatly uncomfortable on the publishing platform and public opinion field. This is a profound lesson. It should be noted that in the Internet age, the speed, breadth, intensity and complexity of information dissemination are unprecedented, and learning, understanding and using the Internet will inevitably become the basic qualities of modern managers, especially news spokespersons. When I was training spokesmen and government officials, I put forward five points of communication in the new media era: openness and transparency, timeliness and rapidity, objectivity and truthfulness, sincerity and firmness and self-confidence. It’s kind of a family statement. I hope that our generation of spokesmen can become a documentary book, which not only narrates the historical facts of ups and downs, but also brings people to think, to understand the course of a generation’s struggle and the hardships of a group, a cause and a country’s rise.

Source: Red Star News WeChat WeChat official account (ID:cdsbnc) Reporter: Zhao Qian

My gym is closed! There is no shortage of fat, can you get the money back?

  Beijing, Nov. 8 (Xinhua): My gym is closed! There is no shortage of fat, can you get the money back?

  "Swimming and fitness, get to know it", we can always hear the call of "kindness" in the streets and near the subway station.

  However, the gym is like a "love rat". Before you get a card, you are obedient. After you get a card, you just ignore it. If you are not careful, you may "disappear" without a trace.

Data Map: Young people gather in the gym to train in full swing. Photo by Zhong Xin

  "My gym suddenly closed."

  "Come on, turn around, do high-temperature yoga sit-ups, spin pilates, and soak medlar in a thermos; Come on, take a deep breath, swim a few meters in fun run in the morning, and paddle a dumbbell rowing machine. Don’t give up until you reach your goal. "

  The lyrics of Calories can be said to be a true portrayal of contemporary people’s fitness.

  In order to realize "vest line", "A4 waist" and "peach hip" … … Many people "send" money into the gym, hoping to achieve an S-shaped figure and eight-pack abdominal muscles.

  But now, many people find that the gym has quietly closed before losing a layer of fat. He Yuan, who went to college in Changsha, Hunan, encountered this situation.

  He Yuan said, "Before, Changsha Star Burning Olympic Sports Gymnasium held an activity, saying that it was a full refund after the card was issued, and it was returned in ten times and ten months. I got the card in June. Now I have only returned 6,700 yuan, and 12,000 yuan has not returned, and the gym is closed. "

  In the face of substantial discounts in the gym, He Yuan is not without doubt. "I asked many times at the time, and the coach said that the boss was hard in the background. When running private classes, too, private education has been selling for performance, and stressed that nothing will happen, and it will be heart-warming when talking. " What’s more, He Yuan felt that spending a lot of money didn’t produce any effect.

Data map: People exercise in the gym. China News Service reporter Yin Liqin photo

  Zhang Lin, who lives in Wuhan, Hubei Province, also suffered from the closure of the gym and the fact that the money could not be refunded. "Before, I gave two two-year cards to the elderly at home at the Jijian Swimming and Fitness Club on the second floor of Poly Huadu in Yangjiawan, Wuhan. I swam three or five times a month, and the fitness equipment was basically unused. Less than a year now, the gym is closed and I want a refund. The boss said that I have no money and I have to go through the bankruptcy process. "

  "Recently, many gyms have closed down, mainly because the market environment is not good. Now it is common for four or five gyms to appear in two kilometers in Fiona Fang, and the competitive pressure is growing." Xiao Zhu, a gym coach in Beijing, told reporters. According to the report of Forward-looking Research Institute, the fitness industry is currently experiencing a middle-aged crisis, and more than 60% of traditional gymnasiums are facing difficulties in operation and face losses or even closure.

  Prepaid card "pie" becomes "trap"

  There are quite a few consumers who have experienced similar cases with He Yuan and Zhang Lin. According to the "Analysis of Complaints Accepted by the National Consumers Association in the First Half of 2019" published by the China Consumers Association, there were 7,738 complaints about fitness services, and the number of complaints increased by 72.6% year-on-year. "The main reason for the large increase in complaints about fitness services is that merchants run away after prepaid cards, causing group complaints."

  The White Paper on Fitness Industry in 2018-2019 also shows that in 2018, a total of 3,099 gymnasiums were closed, with a closing rate of 4.36%, and 528 gymnasiums were closed within one year after their establishment.

  In 2019, Haosha, a brand with a history of 20 years, became a landmark event. Due to the failure of capital operation, almost all the 160 stores and 300,000 members of Haosha Fitness were closed or transferred, and the employees and member consumers of Haosha Fitness became the buyers.

People exercise in the gym. China News Service reporter Yin Liqin photo

  At present, Shi Hongliu, the chairman of Haosha International, and Shi Hongyan, the legal representative of Quanzhou Haosha Fitness Club Co., Ltd. have all been listed as untrustworthy by the court, involving more than 1.2 billion yuan.

  "In order to recover the huge investment in the early stage as soon as possible, traditional gyms tend to choose the business model of oversold annual cards (prepaid cards): after the new store landed, it set a higher retail price and launched a low-priced annual card, which formed a large number of advance receipts, and then expanded the new store with the advance receipts, thus falling into an inertia cycle.

  "Buy one year and get half a year", "50% discount card purchase", "mega promotion" and "rebate". In recent years, in order to compete for customers, various preferential activities have emerged one after another in gyms. Once the annual card is issued, some netizens said that the coach will be screaming around you that the movements are not standard and you can’t train, so you can buy private lessons.

A coach commented in Weibo.

  "The oversold annual card model is a bet between the gym and customers. The bet is that customers who apply for annual cards will not come to the gym often." A gym coach said that the advance payment quickly brought huge cash flow.

  There are even criminals who temporarily rent the platform, use the guise of "new store is about to open" or "renovation and upgrading" in the gym, and use low prices or card preferential activities to fool consumers into buying pre-sale cards. Once they receive funds, they will quickly roll up the money and run away.

  "Advance payment is not a profit. Advance payment is used to fill the upfront investment, and it also pays for future membership services, personnel salaries, equipment maintenance and other costs." An industry analyst said that due to high operating costs, blind expansion and other reasons, once the capital chain breaks, it can only be closed.

  Can I get the prepaid money back?

  He Yuan recalled, "One month before closing, it was in the cashback period. As a result, the gym said that the funds were not enough and they would receive it together next month. If only I had paid more attention to it at that time. " Zhang Lin, who ran a member’s gym, was in arrears with the rent of more than 330 thousand yuan and was sent a collection notice by the mall.

  Looking at it comprehensively, consumers need to pay more attention to whether the gym rent is paid in full, whether the staff salary is paid on time, whether the funds can be turned over, etc., to judge whether there are business problems. But once the enterprise closes, how to deal with the advance payment? There are relevant provisions in the law.

  For example, Article 107 of the Contract Law stipulates that if a party fails to perform its contractual obligations or fails to meet the contract obligations, it shall bear the liabilities for breach of contract such as continuing to perform, taking remedial measures or compensating for losses;

  Article 53 of the Law on the Protection of Consumers’ Rights and Interests stipulates that if an operator provides goods or services in advance, but fails to provide them in accordance with the agreement, it shall fulfill the agreement or return the advance payment according to the requirements of consumers.

A "shared fitness cabin" in a residential area in Lanzhou. China News Service reporter Yang Yanmin photo

  "These two laws are still in the category of civil and commercial law, and the mandatory restrictions on operators are not enough." Yan Bing, director of Beijing Yuntong Law Firm, told reporters that gyms are basically small and micro enterprises, and it is difficult to find people whether they are closed down or running away. Unless it is in the name of opening a gym, it is a fraud in criminal law to collect money and run away.

  Qiu Baochang, a member of the Expert Committee of the China Consumers Association and a lawyer of Beijing Huijia Law Firm, suggested taking precautions, setting up a special account or condominium account for advance payment, setting up a deposit, and regularly announcing the use of advance payment to consumers to ensure consumers’ rights and interests. (He Yuan and Zhang Lin are pseudonyms in the text)

  (Author: Xie Yiguan)

Renew the contract at the same time! Poole is 140 million in 4 years, Wiggins is 109 million in 4 years, and next year, the salary of Warriors will break 500 million!

On October 16th, Beijing time, according to the latest report of the NBA’s famous Woshen, Golden State Warriors reached a contract renewal agreement with Poole and Wiggins at the same time. Poole signed a four-year contract of $140 million, while Wiggins significantly reduced his salary and signed a four-year contract of $109 million. Golden State Warriors spent $249 million to keep Poole and Wiggins at the same time, which is undoubtedly a huge surprise for Golden State Warriors’ road to championship in the next few years!

After the news of the famous God Woshen broke the news, according to several ESPN sources, Golden State Warriors and Jordan Poole formally reached a four-year and $140 million early contract renewal agreement. The guaranteed amount of the contract is USD 123 million, with an incentive clause. After the incentive clause is completed, the contract amount can be expanded to 140 million.

Jordan Poole was selected by Golden State Warriors with the 28th overall pick in the first round of the 2019 draft, and then signed a four-year, $10.09 million rookie contract with the Warriors. At present, there is one year left in the rookie contract, which is worth $3.9 million. The new contract will not take effect until the 2023-24 season. 2? In the 2001-22 regular season, Poole played 30 minutes per game with 18.5 points, 3.4 rebounds, 4 assists and 0.8 steals. In the playoffs, he played 27.5 minutes per game with 17.0 points, 2.8 rebounds, 3.8 assists and 0.8 steals.

Subsequently, the American media StatMuse exposed a set of data, ranking the top six in the average annual salary of 2019 rookie’s early contract renewal, and Morant, Zion and Garland’s average annual salary was $38.86 million, which tied for the top three. Poole’s average annual salary after renewal is as high as $35 million, ranking fourth, followed by Hiro’s average annual salary of $30 million and Barrett’s average annual salary of $26.79 million.

At the same time, after Poole’s 4-year contract extension of $140 million, Golden State Warriors will have four players with annual salary exceeding $28 million in 2023-24 season, and these four players are rookies cultivated by Golden State Warriors themselves: Curry’s annual salary is $52 million, Clay’s annual salary is $43 million, Poole’s annual salary is $35 million, and Chasing Dreams Green’s annual salary is $28 million. The success rate of rookie like Golden State can be said to be the only one in the league.

In addition, according to the famous story of God Wo, Golden State Warriors renewed their contract with All-Star Wiggins for four years, with a contract value of 109 million dollars. Wiggins will be tied with Golden State Warriors for five years, with a total contract value of 143 million dollars. Mouth Wiggins earned $33.6 million this season. The salary of the new contract will be reduced to $24.3 million in the first year and $26.3 million in the second year. Golden State Warriors gave Mouth Wiggins the option in the last year.

Kou Wiggins was the No.1 draft pick in 2014. On the day he was selected, he was traded to Timberwolves by Cavaliers. He stayed there for six years until he was traded to Golden State Warriors in 2020. In the 2021-22 season, Wiggins played the masterpiece of his career, averaging 17.2 points, 4.5 rebounds and 2.2 assists per game. He was selected as an NBA All-Star for the first time.

Wiggins’ performance in the playoffs was even more amazing, averaging 16.5 points, 7.5 rebounds and 1.8 assists per game, with a shooting percentage of 46.9%, a 3-point shooting percentage of 33.3% and a free throw percentage of 64.6%. His performance was comprehensive and stable. Wiggins’ total positive and negative value in the playoffs is as high as +140, which is superior to all playoff players, even higher than Curry, ranking first in the league!

After learning that Poole renewed the Golden State Warriors for $140 million in four years, many experts and fans thought Wiggins would leave, but Wiggins chose to reduce his salary by nearly $10 million a year and renew the Golden State Warriors. We have to sigh, Wiggins is sure to be true love to Golden State Warriors, but Golden State Warriors are like many media descriptions to Wiggins, like breaking a bone and getting a big bargain!

In the past season, Poole and Wiggins both played the most time in Golden State Warriors, Wiggins played 2,329 minutes, Poole played 2,283 minutes, which shows their importance to Golden State Warriors. Golden State Warriors stayed with $249 million. Wiggins, 27, and Poole, 23, when Curry, Clay, and Dream Chasing are all getting old, the successors of Golden State Warriors, have quietly taken their place.

The Golden State Warriors dropped $249 million and renewed Poole and Wiggins at the same time. We also have to admire the courage of Lakob, the owner of Golden State Warriors. Because, according to the analysis of salary expert Bobby Marks, if Dream Pursuit chooses to implement the option of 27.6 million players in 23-24 season, the total salary of 12 players in Golden State Warriors in 23-24 season will reach 215 million, and the luxury tax will reach 268 million, totaling 483 million. Once there are 14 full players, the total salary and luxury tax will probably exceed 500 million dollars.

Marcus Thompson II, the team reporter of Golden State, published the salary details of Golden State Warriors in the 23-24 season, which confirmed the above statement: Curry 51.9 million, Clay 43.2 million, Poole 28 million (estimated), dream-chasing: 27.6 million (if the player option is implemented), Wiggins 24.3 million, Wiseman 12.1 million, Rooney 7.5 million and Kuminga 60.

If the 14-member roster is completed, the luxury tax that Golden State Warriors will have to pay in 2023-2024 will exceed $275 million, which is higher than the combined salaries of Knicks and Grizzlies this year. As we all know, Lakob, the owner of Golden State Warriors, only spent 450 million dollars when he acquired Golden State Warriors in 2010. The total salary next year will exceed the total value of the team that year. Lakob is really rich and willful!

After renewing Poole and Wiggins at the same time, the salary space of Golden State Warriors can be said to be an unprecedented explosion! What about the next dream catcher Green who is facing a contract renewal? Referring to the first year after the renewal of the contract, the annual salary of Brother Wilkins will be reduced to 24.3 million USD. Dreamcatcher Green must reduce his salary if he wants to stay in Golden State for a long time!

Workplace white-collar workers, after entering the field of technology …

Last year, the Australian government launched a global talent program project, which is GTI, I would like to be unfamiliar, this is an immigrant project. One of this is very eye-catching, that is –fintech.

In the entire Git project,FINTECH is the only direction related to the business sectorAnd, Australia’s demand for talents in this direction is very strong. So,What is FINTECH, why is this talent in this area?

01

Who master Fintech, who can enter a famous enterprise

FINTECH is the abbreviation of financial technology, it is popularUse various types of technological means to innovate reform traditional financial industryProducts, thereby increasing efficiency, reducing operating costs. For example, everyone usually used WeChat payment, Alipay is one of financial technology.

With the rise of artificial intelligence, more and more financial companies have gradually transformed into financial science and technology.Among the top five Internet financial institutions in the world, there are four Chinese companies.That is to say, whoever masters Fintech, who can enter the famous enterprises.

In the "Fintech Development Plan" issued by the People’s Bank of China, the highest planning of future financial science and technology work. And in the "Certified Public Accountant" known as the financial industryCFA, the topic of the Fintech theme, There is no shortage of manual intelligence, machine learning, big data, automated transactions …

02

FINTECH industry salary high, positions

FINTECH is currently used in a variety of industries, borrowings, wealth management, payment services, insurance, credit, housing intermediaries, etc. Because it can replace many traditional financial results,Use intelligence to replace human and material resources, intelligent will be a future trend.

Fintech industry salary is also very high, options, stocks are also available, and you can also get new things and new challenges every day.

Tell you someCurrently popular FINTECH positionsThe block chain is one of the fastest growing skills of financial skills. Therefore, the demand for block chain developers is very large. Other is financial analysts, network security analysts, quantitative analysts, compliance experts, business development managers, etc.

03

Financial background + technology skills two steps

Speaking here,Do you interested in the Fintech industry? So, what skills do you need to enter this industry?First of all, it is definitely a financial background, followed by technology skills. Therefore, entering this industry requires rich financial knowledge, it also requires technical capabilities, such as Java, Python, C ++, etc.

forStudents with computer or financial industry bases, it is very advantageous to enter the Fintech industryIn the advanced, there are these cross-skills, you will learn very quickly. And in China, ant prostitutes, Jingdong finance, etc.

Of course, if you are not a lot of background, it doesn’t matter, you recommend a course for you.Dr. Tsinghua University computerChen Wei explained for everyone"FINTECH Data Analysis and Risk Prediction of Job Search"It will make a case-scented scenic examination for Fintech, and use a communical case such as a loan default, let you seize the essence of Fintech. Now only need0.99Yuan, you can learn from class, quickly sign up, to enter the Fintech industry.

Entering the field of financial science and technology

Cast "Ren Decoir" of the skills interoperability

More than the number of people is more, please wait patiently

04 FINTECH courses five advantages

Advantage 1: Case Site Jinghua Teaching

This course will be targetedFINTECH application scenario case analysis pattern teachingLet you know the Fintech, and know the company’s necessary technology, the company’s must-have technology required in the job search,There are some common machine learning surface test questionsLet you take a while when you interview, calmly face.

Teacher also introduced some of the more interesting Fintech projects to let you form a certain precipitate at the application level.

Advantage 1: Ph.D. in Computer, Tsinghua University

This course is taught by artificial intelligence experts, Dr. Tsinghua Computer, Chen Yu, who is Alibaba Cloud MVP, Tencent Cloud TVP. Multi-year artificial intelligence, data analysis, financial science and technology receive teaching experience, can learn from the students to learn from the students.

He is also a member of the IEEE ACM Member China Artificial Intelligence Association. He has won 2 NOI Competition first prize at the CCF Database Committee, 2 ACM Competition Asian Copper Awards, "Data Analysis" "SQL must know" column author, More than 100,000 fans published multiple SCLs in the artificial intelligence.

Advantage 3: Code practical drive teaching

The course is written in real baseline code, the teacher will take your hand with your hand, Baseline baseline tuning, etc.

The three-day course is gradually entered, just to help you enter the Fintech industry.

Advantage 4: Temcripping + Class Supervision Teaching

In addition to the leading teacher, this training camp.It is also equipped with professional assistant teachers, you have problems encountered in courses or doing homework.You can ask questions in the WeChat group, and the assistant will help you solve it in time.

Every day, you will remind you to go to class, urge you to learn, don’t worry about yourself because inertia doesn’t want to be class.

Advantage 5: Course Outlet Background Rely

This course is provided by the course, starting a class is a online vocational education unicorn company,In 2013, it was officially launched, and the accumulated paid students more than 5 million.For college students and in-service staff, provide diversified curriculum systems and talent services such as professional ability advanced, vocational qualification examinations, and help students achieve sustainable occupational growth.

In the 2020 CCTV Network Education Festival hosted by CCTV,Start a class, win 2020 reputation influence vocational education brands. If you want the workplace, you should first polish your eyes, choose the lead in the industry, and you can’t miss it.

Entering the Fintech industry requires strong knowledge, here is in class, also prepared for everyoneLearning materialsSpree, let you broaden your knowledge.

The information includes: 4 this AI good book and 8 artificial intelligence knowledge maps.

"Artificial Intelligence A Modern Approach Artificial Intelligence – A Modern Method": Artificial intelligence, Mit, Stanford, Harvard, etc. The artificial intelligent textbooks of many famous schools are preferred to expect to become a true artificial intelligence professionals and classmates who accept system training.

"Deep learning: Deep Learnin": From basic statistical and calculus, help master the most advanced depth learning technology. Suitable for classmates who use and want to learn how modern deep learning systems, principles, and methods.

"Handsmanship Machine Learning: HANDS-ON MACHINE Learning": Pure code driver, from theory to the best way to practice, from understanding theory to solve problems. Suitable for students who wish to solve artificial intelligence issues.

"Smooth Python: Fluent Python": Suitable for mastering basic Python programming capabilities, hoping to master more good programming capabilities, becoming a real programming "professional player" classmates.

Entering the field of financial science and technology