Analysis of the WWF Is grilled meat too cheap?

Status: 06/18/2021 2:22 p.m.

At the beginning of the barbecue season, supermarkets attract with low meat prices. A study the environmental organization WWF shows that meat substitutes are much more expensive. That has consequences for the environment. In order to benefit from the current barbecue season, supermarkets lure customers with savings and discount offers on barbecue products. An analysis by the environmental protection organization WWF now shows that the majority of grilled meat in German supermarkets is much cheaper than meat substitute products. Between the end of April and the end of May, the WWF examined 922 grilled meat offers in the advertising brochures of eight German supermarket chains. On average, 85 percent of the discounted grilled meat was cheaper than vegetable alternatives. In addition, grilled meat products are advertised almost 30 times more often than meat substitute products. In addition, according to the analysis, very few products come from higher forms of husbandry. Only two percent of the discount products were of organic quality; for many, the origin was not even shown.

“Amazon is being sold off”

Tanja Dräger de Teran is a nutritionist at WWF. She criticizes the fact that the masses of cheap meat are at the expense of the environment. In order for meat to be sold so cheaply, cattle must be kept en masse and animal feed such as soy must be imported from South America. That heats up the climate and destroys valuable habitats: “The Amazon is sold off with cheap meat.” Around 96 percent of the soya-growing area would be needed for animal feed and only four percent for plant-based foods.

A study by the Federal Environment Agency (UBA) from 2020 also shows the significantly better ecological balance of plant products. Compared to beef, the production of vegetable substitute products would in some cases produce less than a tenth of the greenhouse gases. The water and land consumption is also many times lower, since plants such as wheat and soy are not only used as animal feed, but rather land directly on the plate, so to speak.

Reduce factory farming

UBA President Dirk Messner called for meat consumption to be halved in the newspapers of the Funke Mediengruppe a few weeks ago: “We have to reduce factory farming so that excessive nitrogen inputs are reduced and soils, water, biodiversity and human health are less polluted.” The World Health Organization (WHO) also warns against consuming too much meat.

Because in addition to the environmental aspects, according to experts, there are also health reasons for reducing meat consumption. For a healthy and sustainable diet, experts recommend not eating meat every day. An adult should not eat more than 300 to 600 grams of meat and sausage per week. That is significantly less than is generally consumed in this country.

Still too much meat consumption

Although meat consumption in Germany tends to decline slowly, in 2020 it was still a little more than 57 kilos per person. In 2000, the annual consumption was over 61 kilos. However, according to the WWF, this is roughly double the consumption in the 1950s.

Messner had already stated in 2020: “As long as the price of the food does not also reflect the environmental damage, the cheap neck steak will be preferred to a soy schnitzel for a long time to come.”

High development costs for meat substitutes

There are reasons for the price differences: Antje Risius is researching sustainable eating styles at the University of Göttingen. She explains the striking price differences by the fact that meat is an established product on the market, while substitute products are still “newcomers”. “The meat market has an unbelievable competitive advantage because the structures are already established there. Production can take place at a completely different level, efficiently and structurally at very reasonable prices.”

Because they are mostly still in the development phase, replacement products would still have relatively high investment costs. In addition, they are often very heavily processed – and the many intermediate processing steps are also expensive, says Risius.

Cheap meat and the social question

The WWF warns that the price imbalance between meat and meat substitute products is causing many people to resort to meat for reasons of cost. Dräger de Teran demands that sustainable nutrition should not remain a social issue. “We have to get to the point where the simple choice is the good, healthy and sustainable choice. And we are still a long way from that.”

Almut Jering from the UBA has observed, however, that a growing range of meat and milk substitute products in supermarkets is attracting more and more people’s interest, despite the often higher prices. Recently, the number of people who followed a vegetarian or vegan diet has increased significantly. “I think there is some social progress going on.”

Meanwhile, the WWF sees politics and business as having a greater responsibility. The organization is demanding a steering tax based on sustainability criteria on food of animal origin from the next federal government, which is less of a burden on products from organic agriculture. Retailers need a change in pricing policy: For example, discounts should no longer be given on meat and sausage products, except shortly before the use-by date

After interim analysis CureVac defends its vaccine

Status: 06/18/2021 10:19 a.m.

Although an interim analysis of the CureVac vaccine only showed an effectiveness of 47 percent, company boss Haas does not want to know anything about a failure. He is hoping for further tests so that the vaccine will be ready for the market after all. The negative news for the Tübingen company CureVac continues. At first, the company lagged behind the competition in developing its corona vaccine. Then the company went late to the crucial phase 3 to test its vaccine – at that time there were already several variants of the coronavirus. The next bad news followed yesterday: CureVac announced in a mandatory stock market announcement that, according to an interim analysis, its corona vaccine had a preliminary effectiveness of 47 percent against Covid 19 disease “of any severity” have. The value is significantly higher for the other preparations approved in the EU.

“Wild type hardly plays a role anymore”

Company boss Franz-Werner Haas has now gone on the offensive. He defended the company’s corona vaccine against the dpa news agency. No other vaccine has been tested on so many virus variants, he said.

“In fact, it is actually not correct to compare the number of the provisional effectiveness of our corona vaccine and the numbers of the effectiveness of other vaccines”said Haas. The study on the corona vaccine candidate CVnCov contained 29 virus variants. The original virus, the wild type, hardly plays a role anymore. “The efficacy figures for the other vaccines would probably look different if their studies had been carried out at a later date.”

Degree in three weeks

The Tübingen-based company would like to complete the analysis of the data from the final study phase in the next two to three weeks. Haas was convinced that the effectiveness of the vaccine would change again. As soon as this has been completed, CureVac will advise the EMA as to whether further data is required.

The company remains convinced that it will bring its vaccine to approval. According to Haas, even a possibly relatively low effectiveness should not stand in the way. “In view of the pandemic, it can only be said: If there is an effective vaccine, it should also be used.” Haas also referred to the numerous developing countries in which little or no corona vaccines are currently available. The scientific director of the vaccine study at CureVac, Peter Kremsner, believes that it will certainly be possible to make the vaccine operational. In an interview with the BR he said: “That will work for sure. From my point of view, this will not be possible in the next few weeks. But it will be possible to prepare the vaccine so that it can be very effective.”

“It was a noble cause”

The SPD health expert Karl Lauterbach estimates that the setback when entering the market will contribute to the vaccination campaign losing pace for two to three weeks. The promise of the federal government to make a vaccination offer to all adults by the end of the summer is not at risk. “We will reach herd immunity in mid-September”said Lauterbach in the daily topics .

Lauterbach pointed out that the CureVac serum is the “noble” I wanted to be a cheap and very effective vaccine. It would have been predestined for poorer countries. The EU had promised 400 million doses of CureVac to poorer countries. Lauterbach assessed it as a tragedy that this delivery has now been canceled.

No withdrawal of the investor

The announcement of the preliminary effectiveness had caused a drastic plunge in the stock exchange price of CureVac. Investor Dietmar Hopp still believes in the company. He will definitely stay as an investor, he said “Munich Mercury”. He is a firm believer in the company.

The federal government is also holding on to its stake in CureVac, as the Ministry of Economic Affairs said. Last year, he entered CureVac through the KfW development bank with 300 million euros and, according to KfW, holds a share of 16 percent. The federal government has no influence on the operational business, explained the ministry spokeswoman

Corona vaccine CVnCoV Bad Intermediate result for CureVac

As of: 06/17/2021 6:42 a.m.

Setback for CureVac: The corona vaccine CVnCoV only showed an effectiveness of 47 percent in the second interim analysis, said the Tübingen-based company. The study is to be continued. CureVac’s corona vaccine candidate CVnCoV missed the statistical targets in a second interim analysis. The Tübingen-based company announced this in a mandatory notification. There it says: “In a previously unprecedented environment with at least 13 variants within the subset of study participants examined in this interim analysis, CVnCoV achieved a preliminary effectiveness of 47 percent against COVID-19 disease of any severity and thus did not meet the specified statistical success criteria.” Initial analyzes have shown that the effectiveness depends on the age group examined and the virus strains, the company continues. The vaccine candidate is in the final stage of clinical development. CEO Franz-Werner Haas announced that one had hoped for stronger results in the interim analysis. But continue the current study until the final analysis.

Actually soon approval is planned

Until the beginning of June it had been said that the company expected – depending on the clinical trial data – the approval of its vaccine candidate in the EU at least for the second quarter. But shortly afterwards it became known that the proceedings would be further delayed.

CureVac, which works with Bayer, had long been considered one of the hopes in the competitive race for approval of the first corona vaccines. But while vaccines have been administered by numerous competitors worldwide for months, the Tübingen-based company is still collecting data – and recently had repeatedly put off shareholders and observers.

This article is based on the data of the Employment Report of Chinese University Students in 2021 (Employment Blue Book), and counts 10 science and engineering majors (including engineering and science), and 10 humanities and social sciences majors (including literature, history, and science) with a large number of graduates. Philosophy, Pearl Lam Galleries, Education, Economics, Management, Law), as well as the employment situation of medical majors that have attracted much attention in the past two years, hope to provide a reference for candidates and parents in their professional choices.

It should be reminded that the above data only shows the tracking evaluation of the training quality of the 2020 graduates, and the future development is still unknown. Candidates are advised to consider multiple factors such as employment prospects, social needs, and personal interest preferences when choosing a major, and must not blindly follow the trend.

Science and engineering: computer majors have high incomes; civil engineering majors can best “apply what they have learned”

According to the data from the Blue Book of Employment in 2021, among the top ten science and engineering majors with a large number of graduates in 2020, the computer major has the highest monthly income (6800 yuan) after graduation, and the computer and data processing, Internet development and application personnel are the majors graduated After the main work. Other higher-income professional categories include electronic information (6091 yuan) and automation (5917 yuan).

If high income is not the only career pursuit, mathematics and electrical majors may also be a good choice. More than three-quarters of graduates of these two types of professional employment have found a job that satisfies them, with employment satisfaction of 76% and 75% respectively.

From the perspective of the relevance of work and majors, 87% of civil engineering majors in the 2020 class are engaged in jobs related to their majors, and electrical majors are also highly related to majors (81%). Therefore, it is recommended that students who choose to study in these two majors, pay special attention to the cultivation of professional knowledge and skills during the university, which will be more conducive to entering a better career development platform after graduation in the future.

Humanities and social sciences: Management science and engineering majors have an advantage in income, and 90% of education majors realize the “gardener dream”

Among the ten humanities and social sciences majors with a large number of graduates in 2020, the highest average monthly income is management science and engineering (5701 yuan), and its representative majors include information management and information systems, engineering management, etc.; Later, he majored in finance (5587 yuan).

In contrast, although the income of education majors is not high, the employed groups have a higher sense of professional happiness, and 90% of them are engaged in professional-related jobs after graduation, such as elementary and middle school education personnel, early childhood and preschool education personnel, education and training Personnel is the main occupational category engaged in. The vast majority of students with “gardener dreams” can achieve their ideals better after studying in this type of major.

At the same time, it should also be noted that the 2020 economics and trade majors have a 51% correlation with majors, and about half of the graduates are engaged in jobs outside of their professional fields. Therefore, it is recommended that students who choose this type of major pay more attention to the cultivation of general work abilities during their university studies, such as communication skills, cooperation skills and other workplace “soft skills”, which will help them develop better in a broader employment field.

Medical: Generally speaking, the initial income after graduation from undergraduate is not high, so be prepared for further studies

In recent years, with people’s emphasis on health, coupled with the sudden impact of the epidemic in 2020, medical majors have become popular for admission. Stable industry, high social status, and good income seem to be the general understanding of the future jobs of medical graduates. In fact, what is the quality of their employment?

As can be seen from the table below, among the five medical professional employment groups with a large number of graduates in the 2020 undergraduates, about 90% have engaged in professional-related jobs after graduation. Among them, the clinical medicine professional work and professional correlation reached 96%. The job satisfaction of medical technology, nursing, and pharmacy majors is relatively good.

Due to the characteristics of the medical industry, the salaries of medical graduates in the early stages of work are generally not high. Moreover, many large medical institutions now require a master’s degree or above for recruitment. Therefore, choosing to embark on the path of medicine requires preparation for continuous study in the professional field.

the data shows: The follow-up evaluation of the training quality of the 2020 undergraduates half a year after graduation will be completed in early March 2021. The national sample of undergraduates is 124,000. Covering 401 undergraduate majors, covering 30 provinces, autonomous regions and municipalities across the country, covering 582 occupations and 330 industries engaged in by undergraduate graduates. Data analysis: Max Research Institute

Price capers of the Windeln.de share The dangerous game of gamblers

Status: 10.06.2021 6:24 p.m.

Small investors let shares of the baby outfitter Windeln.de shoot up first – then they crash. This risky game is powered by social media. Newcomers in particular make a lot of mistakes. From Angela Göpfert, tagesschau.de From the so-called penny stock to the investor’s favorite: The story of Windeln.de reads so seductively simple at first glance. Within a few days, the paper soared from around 70 cents to 6.92 euros – a staggering price increase of almost 900 percent. The share of the online baby outfitter was not driven by new, positive news about the development of the company, but by a host of gamblers who drum for the company in investor forums such as Reddit and on social media.

Report of loss in April

They drummed for a company that made a net loss of 13.7 million euros in 2020 and officially announced in April that it had suffered a loss of more than half of its share capital. In other words: Windeln.de obviously needs fresh money. The notification of loss was by no means voluntary. Rather, Windeln.de thus complied with an obligation imposed by the legislator: Companies must inform if losses have exceeded a critical limit and there is an urgent need for action.

“Flagpole” as a warning signal

The course of the Windeln.de share seems all the more absurd. Experts speak of such a steep, almost vertical rise in price “Flagpole”. Many stock market beginners are attracted and seduced by such price patterns. One would have loved to have this share, since it would have enabled one to multiply one’s capital in a very short time.

The so-called “Flagpole” is clearly visible in the Windeln.de chart. Image: tagesschau.de For technical analysts, i.e. stock market experts who analyze price developments and other market data, this is the “Flagpole” but one thing above all: symbol of an exaggeration phase on the stock markets – and thus a clear warning signal. The Federal Association of Consumer Organizations (VZBV) is also critical of the current price developments at Windeln.de, Nanogate, Clover Health, Gamestop and other stocks with particularly noticeable highs: “This has nothing to do with investing, it is pure speculation”, said Christian Ahlers, speaker in the financial market team tagesschau.de .

A “Fireworks” of investor errors

At Mojmir Hlinka from the Swiss asset manager AGFIF International, the alarm bells are ringing when stocks like Gamestop or Windeln.de are mentioned: “These are pure speculative objects, without any substance.” The Swiss expert makes a whole in this context “Fireworks” on the basis of typical investor errors, especially the neglect of the likelihood that certain events can occur. Experts speak of “neglect of probability”. “The tiny probability of making a profit on such stocks is massively overestimated by investors. In contrast, the great probability of a loss is clearly undervalued”, told Hlinka tagesschau.de .

When emotions are involved

Hlinka’s perspective on the markets is a special one, as he operates asset management on the basis of the so-called “Behavioral Finance”. This economic research direction is based on the findings of the psychologists Daniel Kahnemann and Amos Tversky. Accordingly, the investor does not act rationally, but is controlled by his emotions and typical behavioral patterns. As a result, he makes mistakes that reduce his profits. Such a typical mistake has a lot to do with paying attention to certain papers. “These stocks are widely reported in the media, especially on social media”, emphasizes AGFIF expert Hlinka. “This means that more information is available to them more easily. That automatically makes them more interesting for investors.”

Social media fuel herd instinct

Another problem for the normal investor is the herd instinct: Many people like to do what the masses do. “This phenomenon can be observed in any stock market hype. People feel safer in the herd”, emphasizes Hlinka. “Investors’ herd instinct is currently controlled primarily via social media. Quasi real sects are forming in the investor forums.” Consumer advice center expert Ahlers is similarly critical and warns: “Tip givers and sellers can also be found in social networks, who may do more than exchange investor experiences and may also advertise dubious investments.”

Financial regulators advise caution

The German financial supervisory authority BaFin has now recognized this: “BaFin advises all investors to check the information provided on social media very carefully with the help of other sources”According to the agency’s website. “Chat groups in social networks are often only used to entice investors to buy certain stocks so that the senders can benefit from the rising prices of these stocks.” As new as the influence of social media on share prices may be, the mechanisms behind the current excitement about papers like Windeln.de have been well known for centuries. The first big hot topic in financial history was tulip bulbs. Numerous other bubbles followed – from railways, the South Seas, the Internet industry to US real estate, to name a few. “Each of these bubbles has burst so far”, says Hlinka. “History has proven that. At some point this hype will also burst.”

Massive price drops

Perhaps the bursting of the bubble has already begun with a look at some of the shares: Today the Windeln.de share rushes down by up to 35 percent. Clover Health stocks fell 24 percent on the Nasdaq yesterday. When exactly a bubble will burst is difficult or even impossible to predict, even for experts. But the stock exchange world has also found a technical term for this: the “Greater Fool Hypothesis”, according to which prices will continue to rise as long as there is one in the market “even bigger fools” there who pays even more.

Disadvantages of Japanese cars

1. Weak high-end brands

   This is an important reason why many Japanese cars are abandoned when changing cars. Compared with the German BBA, the domestic sales of Acura and Infiniti are bleak for Japanese luxury brands. Both the market share and the brand appeal are very weak. Lexus, the only relatively strong Japanese luxury brand, cannot be compared with the Germans in terms of sales and appeal. Therefore, when many people change cars, they want to switch to a luxury brand model because of income growth. Because there are not many models of Japanese luxury brands, they will naturally switch from Japanese to German.

   

2. Lack of driving pleasure

   Frankly speaking, not all Japanese models lack driving pleasure. Subaru and Mazda have many fun-driving models, but the problem is that almost all Japanese cars with driving pleasure are generally sold models, while Japanese cars sell well. Good models, such as Nissan and Toyota models, lack driving pleasure. The self-priming engine is paired with a CVT gearbox, which is smooth but lacks the sense of paragraph shifting. The chassis is more comfortable, but the handling is average. Generally speaking, Japanese cars are like boiled water, which is cheap to quench their thirst, but they always feel a little bit less tasteful. For young people, they are too weak. Therefore, when changing cars, many people want to change to another one. A car that is fun to drive.

3. The technology is conservative and lacks a sense of technology

   Perhaps because more stability is taken into account, Japanese cars are generally less enthusiastic about the use of new technologies. For example, for luxury brands like German, the interior design is more technological than one, and the car system is more dazzling. Cool, but many Lexus models don’t even have a Carplay. Turbocharging, dual clutch and other technologies, Japanese cars are also relatively conservative in application, which also makes many young people not interested in Japanese cars.

   

4. General exterior interior design

Most of the designs of Japanese models are not amazing. For example, Toyota models and Nissan models are less attractive than German models of the same level.

1. General interior materials

   Compared with American cars, domestic cars, and French cars, Japanese cars tend to be stingy in interior materials, with more hard plastics, and the interiors have a general sense of luxury.

   

Advantages of Japanese cars

1. Good fuel economy

   Many people say that Japanese cars are fuel-efficient but have poor safety. This is completely false. Today’s most fuel-efficient models are actually Volkswagen’s turbocharged and dual-clutch models, followed by Japanese cars. In addition, in terms of safety, except for Honda, other brands of Japanese cars are not inferior to the public in terms of safety.

2. Good comfort

   Japanese cars generally prefer comfort tuning, and they value the ride comfort of the second row. Whether it is the height of the platform protrusion, the tuning of the suspension and the powertrain, etc., they tend to give passengers a better riding experience.

3. Low failure rate

   Although only changing glass water for ten years is an exaggeration, whether you admit it or not, Japanese cars do have certain advantages in terms of quality stability due to the adoption of more stable and mature technologies, and lower failure rates bring lower later stages. The cost.

4. High value preservation rate

   The preservation rate of Japanese cars is the highest among all car lines, especially Toyota, Lexus, and Honda. This means that when selling cars, Japanese cars can be sold for tens of thousands of dollars.

   

   Therefore, Japanese cars are stable in quality, fuel-efficient, and comfortable, and are suitable for family cars. However, they lack driving pleasure and sense of technology, and high-end brands have weak appeal. Many people choose Japanese cars after their first car. When you change cars, you will abandon Japanese cars. In fact, when you buy a German car and change a car, many people choose Japanese cars. It is a normal behavior and there is no need to overinterpret it.

Rising producer prices “Hidden inflation” as a warning sign

As of: 06/09/2021 1:32 p.m.

In China, producer prices have risen faster than they have been in 13 years. In Germany, too, inflationary pressure from producers is growing. When will consumers feel this? From Angela Göpfert, tagesschau.de In China, producer prices rose by 9.0 percent in May, the strongest they have been since 2008. Anyone who thinks what is happening in China does not affect the German consumer is wrong. As far away as China may feel for some German consumers: The fresh data from China are fueling the inflation debate in this country, as they reveal a problem that Germany and the euro zone are also facing.

“Hidden inflation” also in Germany

In April, producer prices in the Federal Republic of Germany soared by 5.2 percent compared to the same month last year. That was the highest increase since August 2011, when prices rose sharply after the financial and economic crisis. The producer prices are considered to be an important leading indicator for the development of consumer prices. They usually only meet with far less media interest, which is why they are sometimes referred to as “hidden inflation”.

Energy prices as a driver of inflation

So the crucial question is: Will producer price inflation also reach consumers? So far, not much of that has been felt. In April consumer prices in Germany climbed by 2.0 percent compared to the same month last year. Around half of this increase was due to the rise in energy prices. A look at the recent past of the German economy also shows that consumer prices have mostly only increased significantly at a much slower pace when producer prices have risen similarly. The producer price inflation was therefore only to a small extent reflected in rising consumer prices.

Consumers have saved a lot of money

But this time everything could be different. The reason is a special effect of the corona pandemic, which has never come to fruition in this pronounced form: the deferred demand. “The corona pandemic inhibited private demand for months and led to a kind of compulsory saving. The savings surplus now amounts to over 150 billion euros and is likely to rise to around 200 billion euros by the end of 2021,” said LBBW economist Jens-Oliver Niklasch across from tagesschau.de . This corresponds to a potential increase in consumer demand of up to 17 percent compared to the pre-Corona year 2019.

Companies can pass on more costs

“If we open everything now, then this strong additional demand will meet an offer that has become more expensive in terms of costs. The probability is correspondingly high that the companies will be able to pass on a larger part of the costs,” says Niklasch. Michael Holstein, chief economist at DZ Bank, is convinced that “the manufacturing companies will certainly try to pass on part of their cost increase to their customers.”

Savers are actually expropriated

Against this background, LBBW economist Niklasch initially expects inflation rates to continue to rise over the remainder of the year. In the second half of the year, the VAT effect should come into its own: “Then we will probably reach inflation figures of over three percent.” This has very real consequences for consumers and savers in Germany: With interest rates of zero percent and an inflation rate of over two or even three percent, the real interest rates, i.e. the nominal interest rates minus the inflation rate, are negative. Savers who invest their money in overnight money accounts or savings books are actually expropriated. This is fueling the flight into stocks and real estate, which in turn continues to inflate the price bubbles in these markets.

Wage-price spiral not yet in sight

After all: LBBW expert Niklasch sees the rising inflation rates as a temporary phenomenon, the ingredients for a permanent increase are not there. “For inflation rates to rise over the long term, wages would have to go along with them; a wage-price spiral like the one in the 1970s would be needed. But we are not seeing that in Germany at the moment.” From January 2022, the inflation rate should quickly drop below the two percent mark.

Stress on industry harms the economy

But even if the rising producer prices were not or only slightly reflected in rising consumer prices, that would not bode well. If producers cannot pass the rising prices on to consumers, that would indicate weak consumption dynamics. That seems to be the case in China at the moment, as Commerzbank foreign exchange expert Hao Zhou points out. “As a result, there is a risk that industrial profits will shrink rapidly, which will weigh on the general economic outlook.” So regardless of whether the producers pass the rising producer prices on to the consumers or not: they are always a warning signal.

G7 agreement Who will benefit from the global minimum tax?

As of: 06/09/2021 8:49 a.m.

The G7 agreement on a minimum tax is celebrated as an epoch-making one. But there are still many hurdles waiting for it to come into effect. There are reservations, especially in countries that make a living from their reputation as tax havens. By Klaus-Rainer Jackisch, MR Luxury yachts lie in the port of Nassau, sun-hungry people loll on the beaches and people know how to celebrate at the colorful Junkanoo, the national carnival: The Bahamas comprises 700 islands on the edge of the Caribbean. For many, they are a little paradise – also in tax matters. Since the island nation became independent in 1973, the country has lived on luxury, tourism and customs duties – and on its reputation as a tax haven. There is no income or corporation tax here, and tax evasion is not a criminal offense. That could soon be over. The Bahamas are also one of the 139 countries that have committed themselves to the so-called BEPS project under the umbrella of the OECD. BEPS (Base Erosion and Profit Shifting) wants to combat tax evasion and prevent the relocation of profits by multinational corporations abroad. The project is, so to speak, the backbone for the global minimum tax, the implementation of which received a strong boost last weekend: There the finance ministers of the seven leading western industrial countries agreed (G7) for the introduction of such a tax. It should be at least 15 percent worldwide and thus prevent tax dumping in many countries. At the same time, companies should in future not only be taxable where they are based – but everywhere they sell their goods or services.

G20 summit as the next hurdle

The agreement is intended to end the practice that companies like Amazon, Facebook or Google are making billions in profits worldwide, but are looking for and finding so many loopholes when paying taxes that in the end only peanuts remain for the tax authorities. Federal Finance Minister Olaf Scholz spoke of a “tax revolution” after the ministerial round in London. The British department head Rishi Sunak called the agreement “historic”, US Treasury Secretary Janet Yellen underlined it as an “unprecedented step”. When, after the finance ministers, the heads of state and government of the G7 countries meet at the end of the week in St. Ives in Cornwall, England, the decision should only be a matter of form. But the plan is far from being dry. In July, the finance ministers of the 20 most important industrialized and emerging countries (G20) meet in Venice, where they are supposed to approve the agreement. That should be much more difficult. While Europeans (Germans, French, British and Italians), Americans, Canadians and Japanese have similar interests in the G7 body, preferences in the G20, which includes China, Brazil and Russia, are less homogeneous. It is unclear whether they will come to an agreement in the end. Finally, all 139 BEPS states under the OECD umbrella would have to agree to the proposal.

Ireland fears revenue shortfalls

In order for the supposedly epoch-making work to really come into force, many interests have to be brought under one roof. Especially in smaller countries, the project is not only a source of joy: In Ireland, for example, where companies only pay 12.5 percent tax, which is why Apple and Google particularly like to romp around here, there are fears of large revenue losses. The minimum rate of 15 percent could theoretically flush more money into the coffers. But it is questionable whether the tech giants will continue to settle on the green island. Ireland’s finance minister, Paschal Donohoe, does not count on it and expects annual losses of up to 2.4 billion euros for his country: “Ireland could lose up to a fifth of its total corporate tax income,” he said in Dublin. There are worried looks in Switzerland too. Around 100 large companies have their headquarters here, because some cantons only charge around ten percent corporate tax after all discounts have been deducted. It is particularly cheap for companies in the cantons of Appenzell and Zug. In the capital, Bern, the opinion is that small countries in particular, which do not have the advantages of a large domestic market, can also score points in international competition with other advantages: low taxes are right at the top of the list, like a good infrastructure and a High standard of living. Before the G20 meeting, Switzerland wants to fight for every percentage point.

“German tax authorities do not gain much”

While small states in particular are already anticipating the worst, the US should be the big winner. Not only because most large companies are based here. But also because the complicated project plays into the hands of the big countries. Because even after a minimum taxation of 15 percent, no country is obliged to apply this rate. Ireland could stay at 12.5 percent. However, the mother country of the company can then collect an additional 15 percent difference. In the case of the numerous US companies, this additional levy then flows into the states. “Regardless of where a company is based and where it has subsidiaries, it always pays at least this minimum tax rate,” says the financial scientist Dominika Langenmayr from the Catholic University of Eichstätt-Ingolstadt. But that also means that more taxes are paid “above all in the USA, not in Germany,” said the economist. Clemens Fuest, President of the Ifo Institute, also sees it this way: “The German tax authorities will not gain much from the minimum taxation,” he told the “Augsburger Allgemeine”. His institute calculated that Germany would lose around 5.7 billion euros annually by shifting profits. But the minimum tax project should only allow “less than two billion a year” to flow into Germany, according to Fuest.

It depends on the details

Such an agreement also has other consequences for the export nation Germany: The car manufacturers, for example, sell a growing proportion of their products in China and the USA, but currently pay their taxes mainly in Germany. “If taxation rights are shifted to the sales countries in the future, Germany could lose tax revenues,” said Fuest. In the end, it depends on how the reform is designed. The last word has not yet been spoken and many a compromise is likely to come out. It is therefore questionable whether the EU will actually earn 50 billion euros more annually as a result of the reform, as Brussels loudly proclaims. This also explains why the multilateral corporations that the set of rules is supposed to meet are currently rather relaxed. The G7 agreement is “a welcome step” that will help stabilize the international tax system, a spokesman for the online shipping giant Amazon told the US news portal “Businessinsider”.

Will Amazon be spared?

The Amazon case in particular raises the question of whether the reform will actually be as effective as it has been described. The small print of the agreement also states that the reform should only affect the very large companies that have a profit margin of at least ten percent. However, Amazon only gives its overall margin of three percent and should get away with a final agreement on this rate largely unscathed – unless you tax the more lucrative business areas separately. However, this raises questions of tax justice and could trigger even more bureaucracy. It is also criticized that the minimum tax rate of 15 percent is much too low anyway. The British development organization Oxfam fears that this would lower the overall tax level worldwide rather than increase it. In any case, it is “absurd” that the G7 wanted to reform the tax system by “setting up a worldwide minimum tax that is similar to the low tax rates in tax havens such as Ireland, Switzerland or Singapore,” says Managing Director Gabriela Bucher. Meanwhile, the potential losers will do everything possible not to lose their advantage entirely. Until the rules come into force, many a yacht will moor in Bermuda’s capital Nassau. Because there are no high taxes in the island paradise (yet).

The G7 summit in Cornwall The heads of state and government of the seven leading industrialized countries (G7) will meet from June 11th to 13th in Cornwall, southwest England. For the first time in two years, they will meet again in person in the afternoon. In addition to climate change, the conference will also focus on trade issues and investments as well as the fight against the corona pandemic. In addition, the meeting will focus on the positioning towards Russia and China.
The G7 group includes the USA, Germany, Great Britain, Canada, France, Italy and Japan. Like-minded democratic states such as South Korea, South Africa, Australia and India are invited to the summit as guests.

Applying IT into practice, developing smart cities with the motto of taking people as the center, TT-Hue provincial government has helped the people of the ancient capital promote their mastery role. On the morning of July 12, 2020, a group of 120 people carrying King Ham Nghi Long from TT-Hue province to Quang Tri stopped at O ​​Loi noodle shop on Le Huan Street (Hue City) for breakfast. The owner of the restaurant “hacks” each bowl of vermicelli 60,000 VND (normal price ranges from 25,000 to 30,000 VND). Mr. LHT (a person traveling with the delegation) was angry and reflected on his personal facebook with the desire that the authorities come in
inspection and correction. Upon receiving information from the interactive system of the Hue Smart City Monitoring Center, the Market Management Department of TT-Hue province sent officers to verify, make a record of administrative violations and sanction 750,000 VND for O Loi noodle shop for the act of “not listing the prices of goods and services at the price listing point as prescribed”. State President Nguyen Xuan Phuc (when serving as Prime Minister) during a visit to the Hue Smart City Management Monitoring Center “I reported on July 12, but only 3 days later, the functional force of TT-Hue province quickly took action and corrected us, making us very satisfied,” said Mr. T. About 2 years ago, the streets of Hue city center became the obsession of every passerby. Hundreds of people blatantly encroached on the sidewalk to trade. Shops and vehicles are messy, creating sloppy, offensive scenes, “bad” the face of the city of Hue. A campaign to restore urban order was directed and implemented by leaders of TT-Hue Provincial People’s Committee. Smart urban surveillance system with hundreds of “magic eyes” are cameras installed on all streets, accessing data, supporting the government to thoroughly handle violations. Those are just stories, small things among thousands of events received and handled during the journey of building a smart city in TT-Hue. People at the center TT-Hue is one of the first localities to build an e-government architecture after the e-Government framework was promulgated. 300 cameras were installed, transmitting data to the center. Along with e-government, smart city development has become an inevitable trend, a revolution in the digital transformation era. Director of the Department of Information and Communications of TT-Hue province, Mr. Nguyen Xuan Son said: “Its effect is that people and businesses can promote their own role. The motto is to take the people as the center. Going from “advocacy” to “sanctions” and becoming a need …”, Mr. Son said. In early 2019, TT-Hue province made a breakthrough decision when piloting smart city services (IOC) on the Hue-S application platform. The smart city management center located at the Department of Information and Communications of the province is considered the “headquarters” agency, responsible for implementing services, receiving input from the society; analyze, verify and transfer information to competent authorities. On the basis of information technology application, a series of application solutions such as field reflection; group of urban surveillance camera solutions; warning information; monitoring local press information; electronic cards of civil servants; supervision of public administrative services; electronic advertising monitoring; environmental monitoring; information security monitoring
and fishing vessel monitoring… have been integrated on Hue-S. Camera sensors detect traffic violations. On the Hue-S application platform, people use smart phones to take photos and send videos of issues that need to be reported to the system and keep their personal information confidential. Based on the images provided by the people and data recorded directly from the IOC’s image system, the Monitoring Center will classify each specific content and send it to the relevant authorities for processing. In addition to the reflected inadequacies, the application has also been responded to and deployed by the people and through which the values ​​of people, culture, humanity… have been actively promoted, many good examples of good work. good is found, many humanistic actions are developed. The software is deployed under the tracking mechanism and cannot take any action that can interfere with data deletion. All this information is publicly available on the website for people to monitor, so it is not possible to intervene to handle violations. Roadmap for building a smart city Not coincidentally, at the Digital Transformation Week 2021 taking place in Hue City from April 27, Deputy Minister of Information and Communications Nguyen Huy Dung said that, at the local level, TT-Hue Province Think of yourself as a miniature country to apply the right strategy, set the right goals and do the right things. The human resource system analyzes and streams reflections to send to the relevant authorities for handling. TT-Hue must become a destination for major national and world technology events with dual goals: Developing tourism while developing technology and becoming a model for digital transformation. “- Mr. Dung said. In the past two years, TT-Hue province ranked 2nd out of 63 provinces in terms of readiness for ICT development and application in Vietnam – Vietnam ICT Index 2020 according to technical infrastructure indicators, human infrastructure indexes, etc. force. Hue’s work is also being widely deployed across the country. The project on development of smart cities in Vietnam for the period of 2018-2025 and a vision to 2030 clearly identifies major issues including: Building a legal foundation for smart city development; Develop management tools, institutions, for example, a framework to guide criteria and evaluate smart cities of cities; Formulate specific regulations, regulations and standards on planning on smart construction in urban areas. The goal is that by 2030, the whole country will form a chain of smart cities in the North, Central, South and Mekong Delta regions with Hanoi, Ho Chi Minh City, Da Nang and Can Tho as the core. forming a chain linking smart cities. The results of the smart city deployment process will increase people’s trust in the government and vice versa, governments at all levels and management units will be more motivated because they must maintain that trust, to continue to improve operational efficiency. Currently, the province has 300 sensor surveillance cameras and is expected to have 1,500 cameras by 2025. Since its establishment, traffic surveillance cameras have detected and transferred 4,300 cases of violations to the police; processed 3,600 cases and 700 cases in progress. Meanwhile, with the solution to reflect the scene (Hue-S), the Center has received 30,425 complaints (there are 20,000 reports eligible to receive); 214 agencies in the province have handled 18,500 complaints, 1,500 complaints are under review. The project on development of smart cities in Vietnam for the period of 2018-2025 and a vision to 2030 clearly identifies major issues including: Building a legal foundation for smart city development; Develop management tools, institutions, for example, a framework to guide criteria and evaluate smart cities of cities; Formulate specific regulations, regulations and standards on planning on smart construction in urban areas.

In summary, the vehicle is running at a higher speed, and the driver starts to depress the brake pedal with a lighter force. After that, the automatic emergency braking function is activated and has a function, which improves the braking force and reduces the impact of the collision. The driving system is normally involved in the work and reduces the speed of the car. According to data released by Tesla, Tencent Technology is authorized to sort out the opinions of users.

• 1

Opinion 1: Tesla has a situation where it selectively releases data that is beneficial to its own side The data disclosed by Tesla through the media is incomplete and cannot give a clear conclusion on the cause of the accident. Tesla has more detailed and richer data, but it has not announced it. There is a suspicion that selective publication of the published data is beneficial to oneself. Zhihu user Shi Gaoba believes that data such as the data of the brake pedal depth sensor is selectively not released by Tesla. The braking process requires the participation of multiple systems, including at least the brake pedal switch sensor, pedal depth sensor, motor, vehicle controller, ESP system (including ABS), the activation of AEB emergency braking, and the participation of forward radar. As a result, only a few seemingly professional data such as vehicle speed, pedal switch signal, and brake cylinder pressure were given. The pedal depth data, motor speed signal, and forward radar data are all given to completely restore the process of the car owner’s braking, motor speed and vehicle speed verification, and forward radar to see the distance of the vehicle ahead. The data of the brake pedal depth sensor can truly reflect whether the owner has stepped on the pedal violently, and whether the pedal cannot be stepped on due to the increased resistance of the pedal. Tesla said that the driver stepped on the brake pedal, but did not release the data. Zhihu user Mr. He said that Tesla has more abundant data, but Tesla has not disclosed it publicly. Currently, only Tesla is equipped with an EDR (Event Data Recorder) data recorder, which can be understood as a black box. The measurement frequency of the data recorded by the black box EDR is currently unknown, only Tesla employees. But the amount of data measured is definitely detailed, borrow a picture: As can be seen from this figure, the key information recorded by Tesla’s EDR is: Vehicle speed; odometer; camera data, braking and acceleration data, short video clips of accidents, safety system data, etc. If you want to analyze what happened when the accident happened, I think some key information is needed: Collision sensor signal: can know the time of the collision Brake signal: It is not only necessary to know whether the brake is pressed, but also to know the stroke of the brake pedal (how much the brake is pressed). Brake cylinder pressure signal: can know whether the brake cylinder provides boost Accelerator pedal signal: Including the degree of opening, you can know if the accelerator was stepped on before and after the accident Speed ​​signal: can know the current speed ABS/esp signal: can know whether ABS is activated and whether esp is activated or not Motor status: including motor speed, quadrant, motor torque, etc., to see if the motor is still providing driving force when the brake is stepped on. ibooster status: able to know the distribution of braking torque. Vehicle failure information: whether there is a failure Note that the above data requires raw sensor data. Taking the brake pedal as an example, in addition to knowing the final opening signal, you also need to know the most original voltage signal. The voltage signal is the true sensor value. Viewpoint 2: Sufficient braking measures have been given According to Tesla, the vehicle is traveling at a higher speed, and the driver starts to depress the brake pedal lightly. After that, the automatic emergency braking function is activated and works, increasing the braking force and reducing the impact of the collision. , The braking system is normally involved in the work and reduces the speed of the car. Zhihu users questioned this statement, believing that the driver depresses the brake pedal in 23.17 seconds and triggers abs in 25.74 seconds, and sufficient braking measures have been taken. The following are the views of Zhihu user Kang Jianmao: It can be seen from the data that the driver depresses the brake pedal from 23.17 seconds, the pressure of the master cylinder gradually increases, and then triggers abs at 25.74 seconds (at this time aeb does not start, indicating that the driver has already done so without the help of aeb The maximum deceleration capacity of the vehicle was reached by stepping on the brakes), and then the pressure of the master cylinder continued to rise, until it reached the peak value in 27.63 seconds (maybe aeb, or it may be a miracle of the owner’s life and death). However, Tesla’s own text stated that within 2.7 seconds of stepping on the brake, the pressure of the master brake cylinder was only 45.9 bar. Please, did you step on the abs at that time? What does it mean? How many people can step on abs when driving? Then Tesla himself said that the brake pressure gradually increased to more than 90 afterwards. Anyone who knows a car knows that once the ABS is started, it has basically reached the maximum braking capacity of the vehicle, and then it will not work if it is stepped on. Tesla also said that aeb played a role and successfully helped slow down, excuse me? This wave of data actually proved that the driver stepped on the brake hard enough. After all, it was the abs that was stepped on by others. Then even if the aeb system intervened, it did not help to decelerate. If you can’t stop it, you can’t stop it. Viewpoint 3: Deceleration is 0.6g, the braking ability given by Tesla cars is not enough Under normal circumstances, the braking of a family car is 1g, but Tesla’s ABS trigger condition is only 0.6g, which is lower than that of a normal family car. The following are the views of Zhihu user Kang Jianmao: According to the data given by Tesla itself, from a speed of 94 in 25.41 seconds to a speed of 48.5 in 27.45 seconds, the vehicle speed dropped by 45.5 kilometers per hour when the ABS was triggered in 2 seconds (that is, full braking). The total is 12.63 meters per second, and the average acceleration is 6.3 meters per second. This braking ability really proves that Tesla can’t stop. The ABS is only about 0.63g, and the normal family car is close to 1g. The following are the views of Zhihu user cao sir: Dare the driver lightly step on the brake to trigger ABS, but hardly stepping on the brake is not enough to trigger ABS. Is this logical?

The results show that the removal rate of e-commerce applications in Vietnam is currently the highest in Southeast Asia. Specifically, the rate of deleting online shopping applications in Vietnam was recorded at the highest level of 49% in the second quarter of 2020. With this result, it can be seen that e-commerce users in Vietnam are the most difficult group in the region. They tend to remove inappropriate e-commerce apps as soon as they try them out. To solve the above problem, experts of AppsFlyer and iPrice Group said that e-commerce floors need to improve the quality of their services to be able to engage users. Vietnam is actively promoting the development of e-commerce in recent years. Photo: Trong Dat Despite a high rate of app deletion, it is worth noting that Vietnamese businesses occupy 5 positions in the top 10 regional e-commerce websites. Enterprises in this list can be named Gioi Di Dong, Tiki, Dien May Xanh, Sendo and FPT Shop respectively. This shows that the e-commerce development rate is very high in the Vietnamese market. According to a report by the Vietnam E-commerce Association (VECOM), in 2020, Vietnam’s e-commerce will reach a scale of about 13.2 billion USD and have a growth rate of about 15%. During the peak quarantine period from February to April 2020, e-commerce has become the only shopping channel for accessing certain goods and services. Recognizing this, many domestic enterprises have been active in applying IT in production and business activities, promoting digital transformation and training human resources to maximize the advantages of platforms. online. Facing the rapid and hot development of the Vietnamese e-commerce market, Google, Temasek and Bain & Company also predicted that the average growth rate in the period 2020 – 2025 of Vietnam’s electrical commerce is 29%. By 2025, the scale of our country’s e-commerce market will reach US $ 52 billion.

In the process of digital transformation, the management needs of enterprises are constantly increasing. Faced with the expansion of application scenarios, customer service management needs higher quality inspection accuracy to avoid misleading caused by deviations; rich data analysis dimensions help managers to insight into the problems reflected in the data and provide support for business decision-making.

AI is restructuring the customer service industry and helping the industry enter into intelligent management. In response to the problems and pain points of customer service quality inspection management, Wofeng Technology GaussMind intelligent quality inspection relies on core technologies such as artificial intelligence, big data, cloud computing, etc., and performs full quality inspection through machines to achieve automation and digital management; dig deeper into the value of data and carry out more Dimensional visual data analysis can fully control the risk of complaints, and can score and assist the service of customer service personnel, optimize performance management, use technology to improve customer experience, and meet the needs of enterprises to reduce customer service management costs and improve management efficiency. Employees and customers are satisfied.

Machine quality inspection

Traditional quality inspection usually means that the quality inspector extracts part of the call and dialogue data for inspection, and detects whether the agent has irregular or non-standard speech behaviors during the service process, such as swearing, mocking, evasive, over-promising, etc., in order to regulate the behavior of the agent , And then improve the quality of customer service. According to industry data, the sampling rate is only about 1% to 10%. For some companies that do not pay attention to this process, the sampling rate is even lower.

Under the traditional method, there are many problems in manual quality inspection, which seriously affect the realization of the value of customer service management:

-Low quality inspection efficiency and high cost: low coverage rate ；

-Delay in risk warning: customer sentiment and true intentions are difficult to grasp, and business risks are uncontrollable;

-Inconsistent quality inspection evaluation: the understanding and implementation of quality inspection standards vary from person to person, and it is difficult to achieve objective consistency due to the influence of the personal qualities of the quality inspectors;

-Quality inspection data is difficult to summarize: unable to dig into customer needs, resulting in loss of sales leads and loss of potential customers.

With the rapid development of AI technologies such as speech recognition, natural language understanding, and deep learning, intelligent quality inspection systems have received widespread attention. Wofeng Technology’s GaussMind intelligent quality inspection improves the efficiency of customer service management through automated machine quality inspection.

Based on AI capabilities, Wofeng Technology GaussMind intelligent quality inspection has the following functional values:

1) The quality inspection model engine is rich, the rules are diverse, and the combination method is flexible

Multi-dimensional quality inspection models are set up to fully meet the individual needs of enterprises and further enhance the richness of quality inspection capabilities.

-Speaking skills dimension: Deeply understand the content of speech skills, specify the detection role and detection range, and support process detection;

-Interaction dimensions: silence, snatching, and repetition;

-Feature dimensions: sentence length, sentence pattern, speaking speed, volume, emotion analysis;

-Information dimension: data detection along the way, quality inspection is more accurate.

2) Machine automatic quality inspection + manual sampling inspection, work more efficiently and check more accurately

The robot performs full quality inspection and can automatically complete quality inspection tasks in accordance with the rules. The quality inspector only needs to view a few question sessions to complete the re-inspection, which increases the efficiency by more than 10 times and effectively saves a lot of labor costs.

3) High accuracy rate of quality inspection

In terms of speech recognition, Wofeng Technology adopts an error correction model to correct the professional terms of the customer’s business, such as filter elements, service stations, gasoline, and engine oil in the automotive industry. This greatly improves the accuracy of recognition and is conducive to better semantic understanding. accurate. In terms of semantic understanding, Wofeng Technology uses deep learning models such as TextCNN and BERT, uses corresponding rules based on business understanding, and fully considers business scenarios, tone, context and other factors. The quality inspection accuracy rate exceeds 90%. In addition, at the same time of manual sampling, the quality inspection model can also be trained and optimized, so that the more the quality inspection model is used, the smarter and the more accurate it is, achieving the effect of “training back feeding”.

data analysis

With the deepening of use, more and more companies realize the value of intelligent quality inspection systems. At the same time, they also hope to build their own customer service key performance indicator system with the help of AI capabilities to test and evaluate the quality of customer service staff’s work and find services. The loopholes in the call center can improve the overall service level of the customer service center; and through high-value data analysis, it can find business hotspots, difficulties, and problems, and provide references for business operations and organizational decision-making.

Based on big data in business scenarios, Wofeng Technology GaussMind intelligent quality inspection has the following data analysis capabilities:

1) User portrait label: According to the content of the conversation, analyze business tags, customer sentiments, and keyword clouds to understand customers, know yourself and your opponents, and fight forever.

2) Portrait of customer service staff: Targeted and focused adjustment of management methods to improve customer satisfaction and stimulate customer enthusiasm to bring better services to customers.

3) Business analysis: Making full use of high-value customer service data, conducting public opinion discovery, business analysis, and timely adjustment of service strategies and business strategies can effectively assist business decision-making and increase ROI.

4) Risk warning: The system continues to control risk throughout the whole time. Once a risk point is found (the customer personnel are detected asking customers, complaints, etc.), the system will automatically issue an early warning and notify the responsible person to deal with it as soon as possible, so that potential risks are contained in the embryonic stage.

Combination of two swords

Wofeng Technology’s GaussMind intelligent quality inspection system has achieved many successful practices in insurance, automotive, e-commerce, milk powder and other industries. Well-known customers include Dewu, Kimberly-Clark, Weimar Motors, Feihe milk powder, Yili milk powder, etc., effectively improving customer service management The degree of intelligence.

1) Improve work efficiency and reduce labor costs

Intelligent quality inspection uses full quality inspection on customer service channels such as voice, text dialogue, and corporate WeChat conversations. The quality inspection coverage rate is 100% and the accuracy rate exceeds 90%, reducing the cost of manual quality inspection and realizing efficient allocation of human resources.

2) Improve service quality and reduce business risks

Intelligent quality inspection helps the customer service team improve service quality and brand satisfaction; intelligently tap high-frequency problem feedback to the business department for optimization and improvement, and reduce the rate of customer complaints.

3) Find more clues through data analysis to promote corporate growth

The data analysis in the quality inspection process can promptly discover the customer’s favorable comments on the product, and feed it back to the operation department to promote the promotion of product sales.

Editor’s guide: With the development of science and technology, many tedious offline jobs can gradually choose to operate online, which undoubtedly improves people’s life efficiency. This is reflected in the development and use of online wedding apps. However, the wedding is also prudent. It is difficult for users to decide which wedding APP to choose to operate the wedding work. The author of this article has made a comparative analysis of the two wedding APPs, Wedding Anniversary and China Wedding Expo. Maybe after reading it, you will choose the wedding APP that suits you best.

1. Purpose of Competitive Product Analysis

   “Going to a well-off life and a better life.” With the improvement of our quality of life and the improvement of our economic level, people are increasingly pursuing perfect and gorgeous weddings. It takes a lot of manpower, material resources, financial resources and time to hold a wedding. From wedding rings to wedding dresses, from weddings to wedding banquets, from wedding photos to wedding beds, we have to buy or obtain different things from different channels, and even some things are difficult to find supplies. Party, such as wedding post printing, emcee, makeup artist, etc.

   Technology makes our lives easier. Users can solve all wedding problems through APP.

   However, wedding apps are also similar, which one is better to use, which one can help us solve wedding problems faster and easier, and to put forward personal optimization suggestions. This is the purpose of this competitive product analysis.

2. Competitive product selection

   The most popular wedding apps at the moment belong to Wedding Anniversary and China Wedding Expo. The wedding record has a strong wedding user group and businessmen, and the China Wedding Expo will increase its influence and users in the form of a wedding exhibition. The two apps with different business models have their own merits and are very popular among married couples.

3. Introduction to China Wedding Expo

   The China Wedding Expo, the world’s largest-scale wedding fair, and world-class brand wedding exhibitions are held in Beijing, Shanghai, Tianjin, Wuhan, Guangzhou, Hangzhou, Chengdu and other places at the same time each year. With the aim of “linking international wedding trends and leading Chinese wedding fashion consumption”, the wedding expo accurately targets the wedding consumers. Since its establishment, it has kept pace with the times and explored the business philosophy of “online and offline integration”.

China Wedding Expo is China’s first e-commerce trading platform that integrates wedding consultants and wedding shopping. It closely focuses on wedding consumption needs. It has become the first choice for millions of newlyweds as a quality platform for wedding purchases and a weather vane for wedding fashion.

1) Development history

In February 2005, the first China Wedding Expo (hereinafter referred to as the “Wedding Expo”) opened in the Beijing Exhibition Hall.

At the end of 2008, the online platform of the wedding fair began to be built, combined with shopping malls, communities, reviews, tools and other content, and later launched related APPs to further connect online and offline.

In the 15 years from 2005 to 2019, the China Wedding Expo has successively landed in 7 cities in Beijing, Shanghai, Guangzhou, Wuhan, Tianjin, Hangzhou, and Chengdu. So far, it has successfully held more than 170 exhibitions and served tens of millions of newlyweds. There are more than 150,000 real consumption reviews, and the annual transaction volume of mainstream merchants exceeds 17 billion.

In order to better serve the new and new families in China, the China Wedding Expo has opened “Family Fairs” in Shanghai, Guangzhou, Wuhan, Tianjin, Hangzhou, and Chengdu since 2007, and “Children’s Fairs” in Beijing, Guangzhou, and Shanghai since 2016. So far, it has completed the layout of the ecological chain from decoration, marriage preparation, pregnancy preparation, and parent-child, from a single exhibition to a new and new family major consumption O2O experience new retail platform.

2) Brand positioning

One-stop wedding ordering platform.

1. The development of the wedding

   Wedding Ji was established in 2013. It is a wedding service platform launched by Hangzhou Huoshaoyun Technology Co., Ltd. The services related to marriage include wedding banquet reservations, wedding photography, wedding planning, wedding dresses, jewelry diamond rings, wedding room layout, wedding car rental, wedding candy Invitations, emcee, camera, make-up, overseas weddings and other wedding preparations.

   1) Development history

• At the end of 2012, preparations for the wedding ceremony began.
• In March 2013, the wedding anniversary was officially launched.
• In July 2013, the wedding anniversary received millions of yuan angel investment from Qingsong Fund.
• In August 2014, the wedding ceremony received millions of dollars in financing from Vertex.
• In April 2015, the wedding ceremony completed a tens of millions of US dollars level B round of financing led by Jingwei Venture Capital.
• In March 2018, the wedding ceremony completed 65 million U.S. dollars in Series C financing, and plans to launch a 200 million RMB industrial investment fund.
• In June 2018, the C1 round of financing was completed.
• In July 2018, more than 80,000 merchants have settled on the wedding ceremony platform, distributed in 357 cities, served more than 30 million users, and facilitated nearly 1 billion transactions per month.
• In March 2019, the wedding ceremony received 70 million US dollars in D1 round of financing. This round was jointly invested by Lanxin Asia and Jingwei China.
• In October 2020, the number of wedding users reached 80 million, and more than 200,000 merchants settled in, covering more than 400 cities and regions.

2) Brand positioning

One-stop service platform for wedding preparations.

Three, data analysis 1. APP Index

The indexes of the two apps obtained from iResearch’s data are as follows. It can be seen that the wedding apps have a low usage rate for users, and they are not software that users must use every day. At the same time, many newly married couples have delays in preparing for marriage, and the cycle of preparing for marriage will be very long.

As can be seen from the following two pictures, the popularity of China Wedding Expo began to rise in March 2020, and it began to slow down in October.

The popularity of the wedding epoch begins in March 2020, and the popularity tends to decline. The trend of the index may be related to the company’s business model and the information obtained by users. However, the user traffic of the wedding period is still more than that of the Chinese wedding expo, and the chain growth of the wedding period has dropped significantly.

China Wedding Expo APP Index (Source iResearch Data)

Wedding history APP index (source iResearch data)

1. News trends

   Since its establishment in 2005, the China Wedding Expo has maintained a good popularity through wedding exhibitions and advertising. However, since 2013, after the birth of the wedding anniversary, the popularity of the wedding anniversary has continued to rise. Two years after the establishment of the wedding anniversary, the news has surpassed the China Wedding Expo. At the same time, the news of the China Wedding Expo has been declining year by year, and the popularity of the wedding ceremony has remained more than 5 times that of the China Wedding Expo.

   It can be seen from the figure that users are more and more preferring wedding ceremonies, and the popularity of China Wedding Expo has been decreasing year by year.

   

   Comparison chart of wedding history and China Wedding Expo trends (source Baidu index)

2. Demand Map

   According to the demand map of China Wedding Expo and Wedding Chronicles, it can be seen that users’ demand for China Wedding Expo will be at wedding fairs in first- and second-tier cities, while the demand for Wedding Chronicles lies in the need for invitations, wedding photos, and wedding photos. Wedding related products such as wedding MV and wedding.

   Therefore, the user’s demand for wedding ceremonies is more focused on wedding necessities, which is just a rigid demand; while the demand for China Wedding Expo is biased towards wedding exhibitions, which belong to entertainment needs and are not a necessary part of a wedding.

   

   China Wedding Expo Demand Map (Source: Baidu Index)

   

   Wedding chronology demand map (source Baidu index)

3. User groups

   1) User geographic analysis

   The user groups of the China Wedding Expo are mainly first-tier and second-tier cities such as Shanghai, Beijing, Hangzhou, Chengdu, Guangzhou, Tianjin, and Wuhan. The user groups of the wedding ceremony are concentrated in Zhejiang, Guangdong, Beijing, Shandong, Jiangsu, Sichuan, Henan and other population bases. And central cities with high population density.

   The China Wedding Expo annually holds four seasons of wedding exhibitions in 7 cities, including Beijing, Shanghai, Guangzhou, Wuhan, Tianjin, Hangzhou, and Chengdu, thereby increasing users’ awareness of the brand and the volume of wedding merchandise. Therefore, the number of users of China Wedding Expo in these 7 cities is far more than other cities.

   The wedding anniversary pays more attention to online users and online APP usage and commodity transaction volume, and at the same time expands business in surrounding cities in Zhejiang, thereby increasing brand awareness and brand influence.

   The level of economic development and informatization in the central region of my country is higher than that in the fringe areas, and the population flow in sparsely populated areas and mountainous areas is relatively low compared to other cities. This has led to the fact that users in fringe areas and mountainous areas do not know much about the wedding ceremony, such as Qinghai, Heilongjiang, Guizhou, Yunnan and Guangxi.

   Therefore, while increasing the number of users in central cities, the wedding ceremony should pay more attention to the growth of users in fringe cities and mountainous cities in order to further increase brand awareness and commercial revenue.

   

   Geographical analysis of wedding users (source Baidu index)

   2) User age analysis

   Through the analysis of the age of mobile APP users, it can be seen that the users of China Wedding Expo are only 26.26% under the age of 25, and users over the age of 25 account for more than 70%; while the users under the age of 25 account for the wedding ceremony. 43.82%, the proportion of users between 25-30 years old is 18.75%.

   The users of the Wedding Ji APP tend to be younger and more popular among young people, while the users of the China Wedding Expo APP are more inclined to marry older people.

   For young people, just entering the society, work experience and reserve funds are not sufficient, but it is easier to enter the palace of marriage with their loved ones. However, most of the older subjects are likely to be afraid of marriage or not marrying after experiencing emotional, social, and work hardships.

   Therefore, young people pay more attention to the cost-effectiveness of products when choosing wedding products, while older people who get married have sufficient funds and pay more attention to the quality of wedding products.

   The wedding has more than 200,000 merchants, involving more than 400 cities, and there are more choices in price and brand, which can meet different needs and users of different ages.

   The China Wedding Expo pays more attention to the fashion and brand quality of weddings. The price is relatively low, and there are fewer cities and price ranges to choose from. It is more suitable for petty bourgeois wedding couples who pursue wedding fashion and brand in first- and second-tier cities.

   

   Proportion of age of people using APP in China Wedding Expo (Source: iResearch data)

   

   Proportion of age of wedding app users (source iResearch data)

   3) User gender analysis

   Girls are slightly more interested in the China Wedding Expo than boys, and 50% more boys are interested in wedding ceremonies than girls.

   This can reflect a problem from the side: girls tend to be more sensual, more likely to be interested in wedding exhibitions, and more like visual experience; while boys tend to be rational, and they tend to be more practical and simple when dealing with wedding issues.

   

   Wedding history and the proportion of search users at the China Wedding Expo by gender (source Baidu index)

4. Analysis of the five elements of user experience 1. Strategic level

   1) China Wedding Expo

• Product positioning: a one-stop wedding ordering platform.
• Product features: complete, big-name, fashionable, authentic, caring, wedding exhibition, membership service.
• Business model: Attract more married consumers in the form of wedding exhibitions, enhance brand awareness and influence, adopt offline + online co-sales model, and increase the turnover of weddings. Offline wedding fairs charge brand booth fees, and at the same time collect commissions from online wedding merchants, and earn profits by charging merchants through advertising recommendations on the APP.

2) Wedding history

• Product positioning: a one-stop service platform for wedding preparations.
• Product features: safe, affordable, authentic, practical, interesting, luxurious and beautiful.
• Business model: Help married couples solve wedding problems through mobile apps and websites, and collect commissions from merchants. A strong user group can get a certain amount of traffic costs, and advertising costs will get more profits. Simultaneously, The offline brand store started by the wedding to help increase online transaction volume.

Judging from the functional scope of the China Wedding Expo and the Wedding Chronicle APP, both have the function of wedding merchandise, but the wedding Chronicle has the wedding small merchandise of the wedding supplies. From the perspective of the selectable products, the Wedding Chronicle has more functions and businesses. More comprehensive.

China Wedding Expo will have a separate cash coupon function, and users can purchase goods after receiving the coupon. In the case of cash coupons, users will psychologically feel that they are making money by buying things, which can increase the transaction volume of users buying goods to a certain extent.

At the same time, in the unique wedding fair, users can receive tickets for free and bring users to the scene to let users see the real objects, which can greatly increase users’ impulse and desire to purchase wedding goods.

The unique bridal talk function of the wedding app is a function of wedding experience and social experience between brides and newlyweds. Through the bride’s talk, the newlyweds can learn about the problems encountered by other people in preparing for the marriage or during the marriage, and how to solve them, or the status of other people’s weddings. The bride said that the function can greatly improve user stickiness and retention rate in a short time.

1. Structure layer

   From the perspective of the information architecture of the two, both have the function of buying big wedding products and the function of learning about preparations for marriage. However, because the business models of China Wedding Expo and Wedding Ji are different, the functional structure of the two is also not the same. .

   The functional structure of the wedding chronology is composed of “Home”, “Wedding Supplies”, “Bride Talk”, “Marriage Preparation Manual”, and “We”. The structure is clearer, the functions of wedding products purchase are more complete, and there are also fun brides. The function of communicating the feelings of preparing for marriage.

   Among them, “release” occupies the bottom key position in the bride’s talk, which can facilitate users to better release and conduct wedding-related communications.

   In addition to big-ticket items such as weddings, wedding banquets, and wedding photos, some small items that are hard to find for marriage, such as wedding beds, souvenirs, balloons, etc., can be found in “Wedding Supplies”, providing a real one-stop service for brides .

   The China Wedding Expo is composed of “Homepage”, “Cash Vouchers”, “Wedding Expo”, “Wedding Channel” and “My”.

   It can conduct online transactions and focus on the on-site experience of the “Wedding Expo”. Through the wedding exhibition, it attracts more users to conduct wedding transactions. At the same time, users can see the real objects and quality on the spot, dispelling users’ worries about the online seller show.

   The “Cash Voucher” function makes it easy for users to find coupons from more merchants, which can save users on marriage preparation expenses.

   

   

2. Architecture

   1) Homepage feature comparison

   The homepage functions of the two APPs are not much different. The China Wedding Expo has some recommended content on the main page and the jump page, as well as recommendations of fashionable wedding merchants and discount activities.

   From a commercial point of view, it can increase user transaction volume to a certain extent and obtain advertising fees from some businesses. But for the user, there are some recommended content before the main function of each page, which will interfere with the user’s main task of choosing the product, divert the user’s attention, cause a certain psychological burden on the user’s heart, and reduce the user’s use of the APP. Frequency of.

   

   Home page function of China Wedding Expo APP

   

   Home page function of wedding epoch APP

   The functions and content on the Wedding Ji APP revolve around the main functions to help users find what they want. There are a small part of the recommended content, but the proportion is not large and the location is not conspicuous. Each jump page that arrives from the homepage uses two columns to display the products, the function is clear and the function maintains the consistency and retains the difference.

   However, the jump pages of the China Wedding Expo are displayed in two columns and some are displayed in one column. The functions and layouts are almost consistent, and users need to think about and adapt to the differences in information display on different pages.

   It can be seen that the app is more practical and easier to use.

   2) Marriage preparation strategy function comparison

   The wedding preparation strategy of the China Wedding Expo is launched in the form of articles + videos, but some functions are displayed in a row, and some functions are displayed in a row, and the information of the functions is inconsistent.

   But the single column pull down to view the function of the strategy, it is easy for users to generate heart flow, immersed in the content of rewards one after another. The forms of videos and pictures are more addictive to users. At the same time, the content of the strategy is varied, which is worth learning for married couples.

   

   China Wedding Expo APP Marriage Preparation Strategy Function

   The wedding preparation strategy function of Wedding Ji APP is classified by bookmarks, and you can choose different classifications by sliding the bookmarks. The functional interaction is relatively novel and fun, and the content structure of each page is kept consistent.

   However, there are relatively few interesting content, each category has only a few articles, and the form of article reading requires a certain amount of learning cost and time cost for users.

   On the whole, the China Wedding Expo’s preparation strategy for marriage is more useful and interesting.

   

   Wedding Announcement APP Marriage Preparation Strategy Function

   3) E-invitation

   From a functional point of view, the electronic invitations of the two APPs are very simple and easy to use.

   Judging from the content of the invitation template, the content of the wedding e-invitation card is diverse and beautiful and interesting. The content and quantity of the invitations of the China Wedding Expo need to be updated, and most of the invitations require membership to be used.

   In this case, users will decisively choose to use the free and more attractive wedding anniversary.

   

   China Wedding Expo APP Wedding Invitation Function Wedding Record APP Electronic Invitation Function

   4) Other functions

   The functions of cash coupons and wedding fairs in the China Wedding Expo APP are relatively simple, mainly to receive cash coupons from stores, view wedding fair information and receive tickets. These two functions are more in line with its business model and marketing model, but for newly married couples, it is not particularly reasonable to place these two functions at the bottom as important functions. There can be more functions that are more practical and interesting for weddings. .

   

   China Wedding Expo APP Cash Coupons and Wedding Expo Functions

   The wedding supplies function of the Wedding Ji APP takes into account all kinds of things that need to be used when getting married, ranging from wedding invitations to small balloon decorations. The reasonable classification makes it easier for users to find what they want.

   New Year Talk is an important function of the APP. You can view other people’s wedding thoughts or interesting things, and you can also post your own wedding thoughts. The bride and the newlyweds can communicate with each other.

   

   Wedding Announcement APP Wedding Supplies and Bride Talking Function

3. Presentation layer

   Judging from the interface colors and pictures of the China Wedding Expo APP, the colors used in each interface are not the same, such as pink, purple, and orange. Recommended content and graphic design will also affect the aesthetics of the interface. There are too many different page font sizes, and the bottom navigation icons and fonts are also bold.

   Generally speaking, 2-3 different font sizes of the interface are the best, too many different sizes will make the interface messy.

   

   China Wedding Expo APP

   The interface of the wedding epoch APP uses white as the main color as the background, and light gray as the auxiliary color. The color and size of the icons and fonts are relatively clean and tidy. The font size is more uniform, the icons are brighter, the interface is more white, and the interface style and color are more uniform, which gives users a more refreshing experience.

   The bright color + dark color of the China Wedding Expo APP, and the excessive interface color will bring a certain sense of oppression to users.

   

   Wedding Announcement APP Homepage

   Five, summary

   For newlyweds who are going to get married, it is more suitable to use the Wedding Ji APP. The reasons are as follows:

   There are also some areas that can be improved in the wedding app:

6G technology will appear around 2030 Mr. Eric Xu also noted that Huawei is currently working to determine the key specifications of 6G technology, and the company may soon release a white paper on 6G. “We are working with other players in the mobile industry to determine what 6G really is,” added Mr. Eric Xu. Maybe in the near future, we will release our 6G white paper “. Mr. Eric Xu stated that the future development of 6G will depend on potential use cases that need the support of this technology. “If Huawei or the global industry has limited imagination and if we can’t come up with a compelling use case for 6G, then maybe 6G won’t be necessary. If all the use cases for 6G that the industry will come up with could be supported by 5G or 5.5G then we wouldn’t need 6G. Then we may need to wait for our next generation, who might be smarter than us and have different needs. They may come up with some use cases that only 6G can handle. That will be where 6G can find its value… ”, analyzed Eric Xu. In preparation for the next generation of mobile technology, the Chinese government has begun researching 6G technology. According to Chinese state media reports, government agencies and research institutes had initial meetings with the aim of establishing research and development groups. 6G technology National level. China’s Ministry of Science and Technology said it would set up two working groups to carry out 6G research activities. Meanwhile, earlier this week, the German government said it plans to finance up to 700 million euros ($ 833 million) for research on 6G technologies by 2025. In a statement, the Ministry of Education Education and Research The German Federation (BMBF) said it started Germany’s first research initiative on 6G technology this week. Besides China and Germany, many other countries in the world have also planned and invested in the research and development of 6G technology such as the US, Korea, Japan, France and Finland. Phan Van Hoa (from Rcrwireless)

A coal-fired power station from German giant RWE, in Weisweiler, West Germany, January 26, 2021. Photo: INA FASSBENDER | AFP | Getty Images Policymakers are under increasing pressure to fulfill the commitments of the Paris Agreement ahead of COP26 in Glasgow, Scotland, November 2021. Politicians and businessmen acknowledge the need to transition to a low-carbon society, but slowing global warming and meeting global goals of reducing emissions is increasingly so difficult. According to the director of the International Center for Environmental Law Carroll Muffett, the energy transition is going too slowly from a climate change perspective, but most importantly the acknowledgment of the problem is mainly willpower. political and economic options. World leaders and business sectors repeatedly reiterate their commitment to “transform the energy”. Nearly 200 countries have ratified the Paris Agreement on Climate Change, unanimously pursuing efforts to limit global warming to 1.5 degrees Celsius. This continues to be the main focus of COP26, albeit one Some climate change scientists say that now this goal has been “unattainable”. The Intergovernmental Panel on Climate Change (IPCC) thinks that between 2030 and 2052, the global temperature will get 1.5 degrees C hotter; To reduce global warming, it is necessary to reduce carbon emissions by 45% by 2030 from 2010 levels, before reaching net zero emissions by 2050. The problem is not that there is no technology or the ability to transform, or economic choice, but the structure of power and support for an industry that will decline. The emissions balancing strategies of some Governments and companies still depend on the increasing use of fossil fuels in the “coming decades”. According to Carroll Muffett, this reality can be seen in US policy, particularly in the plan to invest heavily in carbon capture and capture. The road is bumpy ahead . According to the US National Oceanic and Atmospheric Administration, the Earth’s carbon level is higher than at any time in the past 3.6 million years; If the worst effects of climate change are to be mitigated, it is important to focus on reducing fossil fuel emissions and studying how to prevent greenhouse gases entering the atmosphere. Burning fossil fuels such as oil, gas and coal releases large amounts of carbon into the air. Fossil fuel emissions and industry accounted for 89% of global emissions in 2018, the IPCC says. The US Energy Information Administration projects that global carbon emissions from fuel sources will continue to increase over the coming decades. According to energy finance analyst Clark William Derry, the current “energy transition” process is like the “transition of energy systems from the 19th century to the 21st century”; transition is taking place but it is not clear whether it is fast enough to prevent the worst consequences of climate change, fast enough to improve air quality in cities in developing countries such as in India, China, Bangladesh, Vietnam as well as some other countries; The road ahead is very bumpy. Is the current essential issue . The IPCC Intergovernmental Group notes that the transition from fossil fuels is underway and will require “rapid, far-reaching and unprecedented” changes in all aspects of the commune. festival. However, the February 2021 United Nations report showed that countries’ commitment to reducing greenhouse gas emissions was “far from” compared to the far-reaching measures needed to avoid the dire consequences of Climate Change. Currently only 75/195 countries have signed the Paris Agreement on climate change, submitting the National Contribution Plan (NDC) on emissions reductions to 2030. USA, China and India, are emissions countries. The world’s largest has yet to release its own NDC. United Nations Executive Secretary on Climate Change Patricia Espinosa urged policymakers to “accelerate” ambitious plans to cut emissions by 2021, emphasizing it as “crucial. ” The current./.

Jia Yueting was banned from entering the securities market for life.

Financial fraud has set a record for 10 consecutive years, and a personal fine of 241 million yuan has also set a record. There are false records in the submitted and disclosed IPO-related documents, the non-public issuance of stocks constitutes a fraudulent issuance, and Jia Yueting has been banned from the securities market for life. News 1+1 tonight connects with Ye Lin, the director of the Civil and Commercial Law Department of Renmin University of China, together Attention: Can Jia Yueting get back with a high-priced ticket and a lifetime ban?

Ten years of financial fraud, Jia Yueting was fined 241 million

LeTV’s financial fraud over the past ten years, LeTV, Jia Yueting, etc. have five illegal facts, LeTV’s company was fined 240 million yuan in total, and Jia Yueting was fined 241 million yuan.

There are “five crimes” in LeTV, Jia Yueting, etc., and fraudulent registration and false statements are the worst

Ye Lin, Director of the Civil and Commercial Law Teaching and Research Office of Renmin University of China: I think the worst is fraud. Because the fraud situation in the securities market is actually very serious in recent years, the cases discovered after investigation should be intensified. Therefore, I think that among all the “five sins”, the most core is the fraudulent registration and fraud. Statement, this is the most important.

What impact did LeTV and Jia Yueting’s “falsification” have on the securities market?

Ye Lin, Director of the Civil and Commercial Law Teaching and Research Office of Renmin University of China: The most direct consequence is that investors have lost a lot of money, because everyone may buy these stocks at a very high price. After the Dongchuang incident was revealed, the price of the stock dropped sharply. Naturally, investors suffered huge losses. Our confidence in the securities market will be affected to some extent, because we always hope that this market is highly transparent and can achieve fair protection for investors. However, these counterfeiters or misrepresenters have caused investors to have a strong impact on the market. Some kind of worry. And if this concern extends, it may have a very negative impact on the healthy development of our future securities market.

There are administrative penalties for LeTV. Can investors initiate litigation for claims?

Ye Lin, Director of the Civil and Commercial Law Teaching and Research Office of Renmin University of China: I think the feasibility is very high. ① Regardless of whether it is in accordance with the old law or the new law, the probability of investors filing a lawsuit should be said to have greatly increased. ② The current administrative penalties provide convenience for many investors to initiate civil lawsuits. If investors filed a lawsuit, they do not need to prove that Jia Yueting and LeTV have false statements, because these have been identified, and what they may need to do further is the calculation of losses and the confirmation of causality. Through some of these methods, I think investors should be able to get compensation in a certain sense, and help to improve investors’ confidence in the securities market.

After the administrative punishment, will Jia Yueting and others be held criminally responsible?

Ye Lin, Director of the Civil and Commercial Law Teaching and Research Office of Renmin University of China: There may be criminal liability, because Jia Yueting himself is not in China now, and may be abroad. In this case, it may be necessary to assist the judicial authority of the country where Jia Yueting is located to see if he can return. Another way is to request the International Criminal Police Organization, or the International Criminal Police Organization to cooperate to bring the parties or criminal suspects back to the country. This is very difficult, but it is still feasible from the current legal mechanism. If he can be brought back to China, I believe that criminal proceedings in the country may be launched. This case is indeed a very typical case. There are various fraudulent behaviors. Therefore, the criminal charges that may be triggered are not limited to one, and there may be multiple charges. So if it can be dealt with in a criminal manner in the end, I believe it will indeed bring a textbook case to the capital market or the securities market, which is very meaningful.

LeTV began to falsify before it went public, causing fraudulent issuance. What enlightenment does this bring to regulation?

Ye Lin, Director of the Civil and Commercial Law Teaching and Research Office of Renmin University of China: During the securities issuance process in recent years, a series of reforms are being carried out, including the reform of the registration system. The fraud uncovered in the Jia Yueting case actually raises a new problem, that is, whether it is the approval system or the registration system, in the IPO stage—new share issuance or initial public offering stage, stronger measures should be taken to ensure that the issuer The information published is true, accurate and complete. If the first pass falls below, it may be a catastrophe for investors in the entire capital market, or the loss will be very huge. Therefore, no matter what kind of review system is adopted, it is the most important thing to work hard to ensure that the information published by the issuer is true, accurate, and complete.

(The original title is “News 1+1丨The sky-high price ticket, life-long ban, can Jia Yueting come back?”)

(This article is from The Paper. For more original information, please download the “The Paper” APP)

On the evening of April 12, the people of London (UK) poured into the streets, sat around bars in Soho neighborhood (West End area) to celebrate after the disease control measures were eased. This is the first time in 4 months since the beginning of the year, restaurants and pubs in the UK are open to welcome guests to sit outdoors. Photo: AP.

Hair salons, manicures, gyms, theme parks and many other businesses in the UK also reopen on the first day of the week. On the bustling Soho street, many groups of people could not hide their excitement, with spontaneous applause and dancing that lasted all night. Photo: Standard.

Some streets in the West End area have been closed to prevent traffic from 17:00 to 23:00 to create a space for outdoor dining and parties. This plan is implemented by the City Council of Westminster (London) to support entertainment and restaurant businesses. Photo: Standard.

Attila Kulcsar, a press media director in London, said the crowd down the street felt “like a real partying feeling in Soho in the 1990s” on the first night the bar welcomed guests back. again. “Everyone is happy when the ban and regulations to restrict Covid-19 have ended,” said Kulcsar. Photo: Standard.

Westminster City Council said it is still in the process of working with restaurants and businesses to ensure they operate “responsibly and safely as directed”. “We are delighted that residents can return to the city’s play areas and safely enjoy their meals and drinks outdoors. To maintain disease prevention, we have created more zero. pedestrian spaces and barriers in the area, “said a spokesman for the council. Photo: The Times.

Earlier, at the beginning of the day, London residents eagerly went shopping when the non-essential stores welcomed customers back. Springboard Retail Analyst said visitor arrivals to all retail destinations in the UK at 5pm on Monday had increased by 146% from the same time a week ago. Meanwhile, London’s main shopping streets saw the number of customers in early April reaching 44%, slightly higher than expected. Photo: The Times.

Although the people of London are happy, scientists and health officials warn the crowd not to be engrossed in the task of preventing epidemics, separating the society, and protecting themselves from pathogens. Many shared images and videos on social networks show crowds in Soho area sitting close to each other in stores, not hesitate to hug, kiss, and spread their shoulders while dancing. Photo: BBC.

Police patrol busy areas in London while residents are enjoying the fun. Lawrence Young, an epidemiologist at Warwick Medical School, describes people having “had a good day” but warns caution is never superfluous. “The reduction in the number of cases has not only been successful because of the vaccination program but also from measures to stop the spread of the virus,” he said. Photo: BBC.

Photo: MacRumors

In an announcement to investors, Ming-Chi Kuo said that the Face ID system below the screen will be launched by Apple with potential telephoto lens technology in 2023. Previously, Ming-Chi Kuo said That starting from 2022, Apple may apply the design “mole” for some iPhone lines.

Photo: MacRumors

The “notch” is a design that Apple released from the time of the iPhone X. It functions as a place for the TrueDepth camera system to help implement the FaceID feature. Previously, “rabbit ears” received mixed reactions of praise and criticism. Some people believe that “rabbit ears” lose balance in the overall design of the iPhone.

Photo: MacRumors

Previously, Ming-Chi Kuo said that at least one high-end iPhone launched in 2023 will have a fingerprint sensor integrated below the screen, no “rabbit ears” and the screen spills over the entire front. In today’s report, he did not mention whether Apple will integrate both TouchID and FaceID below the screen.

Photo: MacRumors

From a technical point of view, MacRumors judged that the facial recognition system below the screen would require fairly advanced and sophisticated technology. Accordingly, the TrueDepth camera will have to be able to read and recognize the user’s face without affecting the quality of display on the screen.