To be more specific and lively, it is probably Dilraba’s, with thick eyebrows, big eyes, well-defined features, and delicate writing from head to toe. Almost all female stars who can be called beautiful women in the entertainment industry take this path.

It wasn’t until Gao Junxi was born one day that the public realized that short hair can also be a kind of beauty. It’s not the tomboy we used to think, the girl who pretends to be cool, but the beauty that really makes people feel beautiful.

At that time, there was a short hair style on the Internet. Many good-looking girls tried short haircuts of this length in Gao Junxi, so that everyone could see more beautiful possibilities. But in fact, the real short-haired beauty depends on the heyday of the Hong Kong entertainment industry. Those female stars in Hong Kong are really prettier than each other. Wang Haoer should be one of the female stars with the most beautiful voice. Everyone thinks she is so beautiful that she can’t do without her thick long hair. It is true. Wang Hao’er with short haircut looks like another person, with proper aristocratic temperament and style, but obviously not that good-looking. It depends on Yuan Jieying to maximize the handsomeness and beauty. She is called “the goddess of the most beautiful short hair”, and her bones are really good, with sharp edges and corners. She occupies the prominent cheekbones and square mandibular angles that everyone hates, but they blend perfectly and make people impeccable. If it is relatively flat, there will be no such effect. This face is neither weak nor sturdy. She has a feeling of youth, which can be played in a playful and sweet way. It’s almost a perfect face. You can get a set of bangs on your back. age-img”> Chen Farong gives people a very intellectual feeling, but when she was young, she was actually sexy and youthful. Her eyes and lips are of the more charming kind, and it is easy for people to sink in at a glance, but because she usually wrinkles her eyebrows when she looks at people, and her eyelids are a little sunken, it will give people a kind of grace. The pitiful feeling immediately offset the charm, leaving only purity. Originally, the facial lines are obvious, the nose is also very strong, and the hair is very handsome by combing the back. As a result, the eyes are broken in a second, and they will not be really handsome, and the problem of excessive force and oiliness will also be avoided. Brigitte Lin’s beauty does not require words to describe her. She is a top beauty in women’s clothing, and she can be fake and real in men’s clothing. This kind of youthfulness and heroic spirit are not found in many male stars. Not only is he handsome, he is also very expensive, with a suit and bow tie on his body, just like a noble son of the old age. Such an image should have been able to enshrine the gods, but because she was too handsome and failed to integrate the beauty of men and women, she could only rank third in the ranks of short-haired beauties. Zhang Keyi is the realistic version of Gao Junxi, with small and delicate features and bright eyes, especially the feeling of a Japanese manga boy. But because there is a sense of weakness on the body, and the smile is bad and sweet, it is especially suitable for the beautiful and self-knowing beauty role, and a random look can confuse a group of people. Gigi Leung has thick eyebrows, big eyes, clean and fresh, and short hair is very Japanese. The difference with Zhang Keyi is that the five senses are heavier, the eyes are big, and the face is full. It is too fresh to laugh. It can’t be soft and sweet at all, and it won’t look bad no matter how you laugh, so you have a very first love. The kind that eats all men and women. Yu Qianwen may not be as famous as the previous ones, and some netizens don’t understand it very well, but low reputation does not mean that she has a low appearance. Yu Qianwen’s face is really better than the previous ones. Wild eyebrows and fox eyes. Hair style is very fashionable now. Although the nose is collapsed, it looks relatively young and makes her look younger. Not so wild anymore. Anita Yuan’s male head is so beautiful that she has been in a newspaper, and of course she can’t be missed when it comes to short hair. Maybe when everyone sees the name Anita Yuan, what she thinks of is her shoulder-length hair, but in fact, when she is cut to the length of a boy’s head, she is the most agile and best-looking. She was so tender that she could pinch water, and there was a sense of stubbornness between her eyebrows and eyes. The proper configuration of the heroine of the movie made people feel distressed and liked when she saw it, and she wanted to pick her all the stars in the sky. So she said that it was Zhang Zhilin’s blessing to give her a package, which was really true. Seeing that the previous Hong Kong stars can hold whatever style they can hold, they can switch between long and short hair arbitrarily, and each has its own merits. I really feel that the current female celebrities are a little weaker. Except for a few first-line ones, other people’s styles are uniformly equipped with air bangs, shawls hanging down and long hair or small fresh ponytail heads, without distinctive personality characteristics, even their faces appear to come from the same house, it is really not Know who looks better.

Text/Deer

#电影杂谈#

Last year, according to data from the National Bureau of Statistics, the proportion of national online retail sales in the total retail sales of consumer goods officially exceeded the 20% mark. With the e-commerce dividends over the past decade, China has not only become the world’s largest e-commerce market, but also e-commerce giants such as Alibaba, JD.com, and Pinduoduo have been born in the capital market. The total market value of the three has exceeded RMB 5.5 trillion.

As the e-commerce industry thrives, there are two clearly visible industries: one is the logistics industry, and the other is the brand e-commerce operation service industry that is generally ignored by the market-providing a backstage for the digital business transformation of brand businesses Technical support and front office operations services, etc.

At the end of September last year, the industry leader Baozun e-commerce returned to Hong Kong’s “secondary listing”, or formally started a new wave of tapping the market value of many brand e-commerce companies hidden behind the e-commerce giants, followed closely. Yes, the deep-growing and vertical brand e-commerce companies have also received more attention from the capital market.

The arrival of Youquhui may reopen the window for the reassessment of the brand e-commerce industry.

The scale of revenue is industry-leading, and the pre-IPO valuation has increased rapidly

As a number of Japanese FMCG brands have captured a large number of loyal fans in China, Japan has become the country with the highest annual growth rate among the top five countries of origin in the cross-border online retail market, and the business trend of Youquhui has also increased.

According to the prospectus, Youquhui recorded revenue of 2.8 billion yuan in 2020. From the perspective of revenue growth from 2018 to 2020, the company’s revenue has shown a characteristic of steady growth. The company’s revenue scale in 2020 is comparable 247% of the company (Ruo Yuchen, which is positioned as a fast-moving brand e-commerce company on the A-share SME board), has a significant lead.

Another point of concern to investors is that Youquhui has net losses of 79.495 million yuan and 16.162 million yuan in 2019 and 2020, respectively, but according to the prospectus, the losses are mainly due to changes in the fair value of preferred stocks.

In the rapid growth of some companies, it is very common to issue convertible preferred stocks for financing development. During the rapid growth process, the company’s valuation continues to rise, resulting in a huge “book appreciation” of these preferred stocks. The International Financial Reporting and Accounting Standards require that the “book value increase” of this preferred stock be counted as a loss, which has created the illusion that many high-growth companies have a book “loss”.

To borrow from Kai-Fu Lee, the head of Innovation Workshop, the fair value loss of preferred stocks is not a real loss (here refers to a loss incurred in operation), but includes the value-added of investors. That is, the greater the increase in valuation, the greater the “book loss” caused by the fair value of preferred stocks, and these increasing “losses” are in fact a testament to the company’s rapid growth.

Excluding the influence of factors such as changes in the fair value of preferred shares, Youquhui’s adjusted non-IFRS profits for 2019-2020 should actually be 139 million yuan and 107 million yuan. Judging from the adjusted data, Youquhui’s profitability is relatively healthy, and it has been able to continue to generate relatively stable profits.

The company’s investment value and growth, or the changes in the fair value of preferred stocks shown on its books, have a preliminary “show”. The author is still looking forward to the listing of Youquhui, which will further demonstrate long-term value creation capabilities on the track of rapid growth potential. With the continuous release of performance, the company’s valuation may still have a large room for improvement.

Gross profit margin continues to increase, and internal growth is evident

As the TOP1 existence in the e-commerce operation service field of Japanese FMCG brands, we interpret the revenue structure of Youquhui from two dimensions.

First, it is divided according to the traditional distribution, agency sales and operation business of brand e-commerce. Youquhui’s business income mainly comes from B2B, B2C sales gap and brand operation service fees, of which B2B revenue accounted for 43.9%, B2C revenue accounted for 54.9%, and service fee revenue accounted for 1.2%; the overall value of B2C is higher. The proportion of revenue increased from 43% in 2018 to 55% in 2020.

The second method is to divide according to the cross-border trade, general trade and service fee models. According to the prospectus, the three models achieve revenues of 42.7%, 56.1%, and 1.2% respectively. Similarly, the gross profit margin is relatively low. The proportion of revenue generated by the high cross-border trade model has increased from 34% in 2018 to 43% in 2020.

The most direct result of the continuous optimization of the business structure is the continuous improvement of the company’s gross profit and gross profit margin, and the establishment of a relatively stable profitability. From 2018 to 2020, the gross profit margin of Youquhui is 24.3%, 28.9% and 31.7%, and the trend of continuous improvement is significant.

(Source: company prospectus)

According to the prospectus, Youquhui recorded a gross profit of 870 million yuan in 2020. According to statistics from 2018 to 2020, the company’s compound annual growth rate (CAGR) of gross profit reached 20.6%. The operating profit and adjusted net profit during the period can be steadily maintained at 140 million and 100 million or more respectively.

Based on the above, from the financial data, Youquhui has shown a good side, and it also has better performance data than comparable companies in the same industry. This is not only the advantage brought by the company’s scale effect, the author believes that it is also due to Brought by the company’s overall strength or the accumulated advantages formed by competitive barriers, as a leading enterprise in the FMCG brand e-commerce operation service track, Youquhui has demonstrated its “both offensive and defensive” in its latest prospectus. Characteristics, growth is also not lacking in certainty. Next, we will continue to expand our horizons and timeline, and look at the company’s investment value from a longer-term perspective.

Strong late-comer advantage, occupying a favorable position in the segmented track of brand e-commerce

As for the future growth space of Youquhui, it can be analyzed from its market position and service capabilities.

According to the information, Youquhui has a significant first-mover advantage in the cross-border field. It is not only the first batch of cross-border e-commerce operation service providers on Tmall International, and the first batch of e-commerce operation service providers to deploy warehouses in bonded areas, but also the first. Approved operation service providers responsible for Moony and Kobayashi brand Tmall International CIP (Centralized Import Procurement) innovation projects.

Youquhui has been awarded a five-star service provider on Tmall for many consecutive years, and it is also a purple star service provider on Tmall International. This is one of the few branded e-commerce service providers certified by China’s largest e-commerce platform. At present, Youquhui Operating 18 Tmall flagship stores and 26 Tmall international flagship stores.

In addition, Youquhui is also a member company of Jingdong Meili Alliance, and is a platform-certified beauty brand e-commerce service provider. According to the “Comprehensive Competitiveness Ranking List of Chinese Brand E-commerce Service Providers” recently released by the third-party data agency iiMedia Research, Youquhui was selected as one of the Top 15 Chinese Brand E-commerce Service Providers in Comprehensive Competitiveness, reflecting the company’s comprehensive strength and recent years The rapid growth is obvious to all in the industry.

According to the Insight Consultation report, Youquhui ranked first among Chinese branded e-commerce solution providers in terms of GMV of Japanese branded fast-moving consumer goods sold in China through e-commerce channels in 2019, with a market share of 5.5%.

(Source: company prospectus)

Currently, Youquhui operates 88 stores on major e-commerce platforms, providing a total of 28 brand partners and 66 brands with branded e-commerce solutions, of which 58 brands are from Japan.

Compared with general trade, cross-border trade is a breakthrough point for overseas brands to enter the Chinese market, especially for small and medium-sized brands, it is the most convenient choice for them to enter the Chinese market. Cross-border e-commerce supply often needs to coordinate multiple participants. Professional cross-border e-commerce solution providers like Youquhui continue to highlight their business advantages and can seize the opportunity of rapid market expansion.

According to reports from Zhuzhi Consulting and others, from 2014 to 2019, the market size of China’s imported brand e-commerce operation services increased to 559.2 billion yuan at a compound growth rate of about 40.2%. At the same time, the scale of this market is expected to continue to expand at a compound growth rate of about 8.2%, reaching 829.3 billion yuan by 2024. In the Japanese fast-moving consumer brand field focused on by Youquhui, the corresponding e-commerce service market has grown even faster, with approximately 43.1% from 2014 to 2019, and approximately 8.7% from 2019 to 2024.

(Source: company prospectus)

And it’s worth emphasizing that Based on data analysis, Youquhui also has outstanding brand marketing capabilities and content production capabilities.

Look at the data intuitively, The number of fans in all B2C flagship stores operated by Youquhui has exceeded 10 million Among them, the Sophie Tmall flagship store and Moony Tmall international flagship store have 3.3 million fans and 1.8 million fans respectively. In terms of content layout, Youquhui has established its own MCN agency Lido Culture, and incubates its own KOLs on e-commerce platforms such as Taobao, Xiaohongshu and Douyin.

Corresponding, Youquhui’s powerful new brand incubation capabilities cannot be ignored . Taking Gangwon Province as an example, using ECRP system and user behavior models to analyze and use data, Youquhui has successfully solved the challenges of low repurchase rate, low promotion efficiency, and unbalanced income structure faced by Gangwon Province’s new entry into the Chinese market. Successfully stimulated the stickiness of its brand users. Judging from the repurchase rate indicators of large domestic e-commerce festivals such as “Double 11”, the repurchase rate of Tmall international stores in Gangwon Province operated by the company has increased from 11% in 2018 to 29% in 2020.

Concluding part

In summary, the author judges that among the few powerful brand e-commerce service companies, Youquhui, which has differentiated competitive advantages, has the opportunity to break through and grow rapidly.

It is worth mentioning that Youquhui not only stands on the competitive track of cross-border e-commerce, fast-moving consumer products, and B2C e-commerce in the growth stage, but the company currently exhibits strong capabilities in capturing traffic, mining data, and marketing monetization. , And the new brand incubation capabilities generated by the platform that can comprehensively reflect the company’s integrated, omni-channel, high-value-added, and full-life-cycle e-commerce operation and comprehensive service capabilities, which provide a deep foundation for the company’s “late-mover advantage”. It is expected to accelerate the realization of the company’s ranking round and increase in influence in the industry. Therefore, the time of Youquhui’s listing fell above the critical point of the company’s new round of outbreak, which can be said to be in line with the law and trend of the development of things.

The menacing Youquhui will undoubtedly bring a lot of pressure on competing companies in the same industry, and even stimulate the entire branded e-commerce service industry to produce a similar “catfish effect”. The company’s continuous strengthening of the Internet platform’s “bilateral” “Network effect” is one of its important intrinsic values. With the deepening of the “moat”, Youquhui’s listing in Hong Kong is a good opportunity for it to continue to grow bigger and stronger. For investors, the same should not be done. Ignore such opportunities

First, it is divided according to the traditional distribution, agency sales and operation business of brand e-commerce. Youquhui’s business income mainly comes from B2B, B2C sales gap and brand operation service fees, of which B2B revenue accounted for 43.9%, B2C revenue accounted for 54.9%, and service fee revenue accounted for 1.2%; the overall value of B2C is higher. The proportion of revenue increased from 43% in 2018 to 55% in 2020. The second method is to divide according to the cross-border trade, general trade and service fee models. According to the prospectus, the three models achieve revenues of 42.7%, 56.1%, and 1.2% respectively. Similarly, the gross profit margin is relatively low. The proportion of revenue generated by the high cross-border trade model has increased from 34% in 2018 to 43% in 2020. The most direct result of the continuous optimization of the business structure is the continuous improvement of the company’s gross profit and gross profit margin, and the establishment of a relatively stable profitability. From 2018 to 2020, the gross profit margin of Youquhui is 24.3%, 28.9% and 31.7%, and the trend of continuous improvement is significant. (Source: company prospectus) According to the prospectus, Youquhui recorded a gross profit of 870 million yuan in 2020. According to statistics from 2018 to 2020, the company’s compound annual growth rate (CAGR) of gross profit reached 20.6%. The operating profit and adjusted net profit during the period can be steadily maintained at 140 million and 100 million or more respectively. Based on the above, from the financial data, Youquhui has shown a good side, and it also has better performance data than comparable companies in the industry. This is not only the advantage brought by the company’s scale effect, the author believes that it is also due to Brought by the company’s overall strength or the accumulated advantages formed by competitive barriers, as a leading enterprise in the FMCG brand e-commerce operation service track, Youquhui has demonstrated its “both offensive and defensive” in its latest prospectus. Characteristics, growth is also not lacking in certainty. Next, we will continue to expand our horizons and timeline, and look at the company’s investment value from a longer-term perspective. Strong late-comer advantage, occupying a favorable position in the segmented track of brand e-commerce As for the future growth space of Youquhui, it can be analyzed from its market position and service capabilities. According to the information, Youquhui has a significant first-mover advantage in the cross-border field. It is not only the first batch of cross-border e-commerce operation service providers on Tmall International, and the first batch of e-commerce operation service providers to deploy warehouses in bonded areas, but also the first. Approved operation service providers responsible for Moony and Kobayashi brand Tmall International CIP (Centralized Import Procurement) innovation projects. Youquhui has been awarded a five-star service provider on Tmall for many consecutive years, and it is also a purple star service provider on Tmall International. This is one of the few branded e-commerce service providers certified by China’s largest e-commerce platform. At present, Youquhui Operating 18 Tmall flagship stores and 26 Tmall international flagship stores. In addition, Youquhui is also a member company of Jingdong Meili Alliance, and is a platform-certified beauty brand e-commerce service provider. According to the “Comprehensive Competitiveness Ranking List of Chinese Brand E-commerce Service Providers” recently released by the third-party data agency iiMedia Research, Youquhui has been selected as the top 15 comprehensive competitiveness of Chinese brand e-commerce service providers, reflecting the company’s comprehensive strength and recent years The rapid growth is obvious to all in the industry. According to the Insight Consultation report, Youquhui ranked first among Chinese branded e-commerce solution providers in terms of GMV of Japanese branded fast-moving consumer goods sold in China through e-commerce channels in 2019, with a market share of 5.5%. (Source: company prospectus) Currently, Youquhui operates 88 stores on major e-commerce platforms, providing a total of 28 brand partners and 66 brands with branded e-commerce solutions, of which 58 brands are from Japan. Compared with general trade, cross-border trade is a breakthrough point for overseas brands to enter the Chinese market, especially for small and medium-sized brands, it is the most convenient choice for them to enter the Chinese market. Cross-border e-commerce supply often needs to coordinate multiple participants. Professional cross-border e-commerce solution providers like Youquhui continue to highlight their business advantages and can seize the opportunity of rapid market expansion. According to reports from Zhuzhi Consulting and others, from 2014 to 2019, the market size of China’s imported brand e-commerce operation services increased to 559.2 billion yuan at a compound growth rate of about 40.2%. At the same time, the scale of this market is expected to continue to expand at a compound growth rate of about 8.2%, reaching 829.3 billion yuan by 2024. In the Japanese fast-moving consumer brand field focused on by Youquhui, the corresponding e-commerce service market has grown even faster, with approximately 43.1% from 2014 to 2019, and approximately 8.7% from 2019 to 2024. (Source: company prospectus) And it is worth emphasizing that, based on data analysis, Youquhui also has outstanding brand marketing capabilities and content production capabilities. Intuitively looking at the data, the number of fans in all B2C flagship stores operated by Youquhui has exceeded 10 million, of which Sophie Tmall flagship store and Moony Tmall international flagship store have 3.3 million fans and 1.8 million fans respectively. In terms of content layout, Youquhui has established its own MCN agency Lido Culture, and incubates its own KOLs on e-commerce platforms such as Taobao, Xiaohongshu and Douyin. Correspondingly, Youquhui’s strong ability to incubate new brands cannot be ignored. Taking Gangwon Province as an example, using ECRP system and user behavior models to analyze and use data, Youquhui has successfully solved the challenges of low repurchase rate, low promotion efficiency, and unbalanced income structure faced by Gangwon Province’s new entry into the Chinese market. Successfully stimulated the stickiness of its brand users. Judging from the repurchase rate indicators of large domestic e-commerce festivals such as “Double 11”, the repurchase rate of the company’s Gangwon-do Tmall international store has risen from 11% in 2018 to 29% in 2020. Concluding part In summary, the author judges that among the few powerful brand e-commerce service companies, Youquhui, which has differentiated competitive advantages, has the opportunity to break through and grow rapidly. It is worth mentioning that Youquhui not only stands on the competitive track of cross-border e-commerce, fast-moving consumer products, and B2C e-commerce in the growth stage, but the company currently exhibits strong capabilities in capturing traffic, mining data, and marketing monetization. , And the new brand incubation capabilities generated by the platform that can comprehensively reflect the company’s integrated, omni-channel, high-value-added, and full-life-cycle e-commerce operation and comprehensive service capabilities, which provide a deep foundation for the company’s “late-mover advantage”. It is expected to accelerate the realization of the company’s ranking round and increase in influence in the industry. Therefore, the time of Youquhui’s listing fell above the critical point of the company’s new round of outbreak, which can be said to be in line with the law and trend of the development of things. The menacing Youquhui will undoubtedly put a lot of pressure on competing companies in the same industry, and even stimulate the entire branded e-commerce service industry to produce a similar “catfish effect”. The company’s continuous strengthening of the Internet platform’s “bilateral” “Network effect” is one of its important intrinsic values. With the deepening of the “moat”, Youquhui’s listing in Hong Kong is a good opportunity for it to continue to grow bigger and stronger. For investors, the same should not be done. Ignore such opportunities

Wen|Wang Xin

Edit | Take Shiyang

After taking the helm of Brilliance Group for 13 years, in April 2019, when receiving the retirement notice, Qi Yumin once left a message in the circle of friends: “Life is short, the past is cleared.” Last year, two weeks after Brilliance Group went into bankruptcy and reorganization, Qi Yumin was officially dismissed and investigated. Many people attribute his investigation to the continuous financial crisis of Brilliance Group in the second half of 2020.

Now, Qi Yumin, who has retired for two years, has not returned to his hometown of Xi’an as expected to live his longing for “Going Back to the Garden”. What he has to face is a serious accountability-due to the dereliction of duty in reporting the profits of Brilliance Group during his tenure, he was expelled from the party and collected illegal gains.

On June 15th, with the approval of the Liaoning Provincial Party Committee, the Liaoning Provincial Commission for Discipline Inspection conducted an investigation and investigation on the suspected 10 serious violations of discipline and law by Qi Yumin, chairman and president of Brilliance Automobile Group Holdings Co., Ltd. (hereinafter referred to as “Brilliance Group”). .

After investigation, Qi Yumin seriously violated the party’s political discipline, organizational discipline, integrity discipline, work discipline, and life discipline, constituted a violation of the law and was suspected of crimes of bribery, embezzlement of public funds, and crimes of abuse of power by state-owned company personnel. Research by the Standing Committee of the Provincial Commission for Discipline Inspection And reported to the provincial party committee for approval, decided to give Qi Yumin expelled from the party; cancel the treatment he enjoyed according to regulations; collect his illegal income; transfer his suspected crime to the procuratorial organ for review and prosecution in accordance with the law, and the property involved is also transferred.

During his 13 years as chairman of Brilliance Group, Qi Yumin left a lot of controversy. In the past 13 years, Brilliance Group relied on a joint venture with BMW, and its own brands eventually fell out of the mainstream market. Since then, Brilliance Group, which has lost its hematopoietic ability, entered the bankruptcy reorganization process at the end of last year, and its Hong Kong-listed company Brilliance China (01114.hk) has fallen into rumors of “privatization”.

Qi Yumin: In the past, it could not be cleared

Some people say that Qi Yumin is different from other Autobots. He never wanted to enter the auto industry.

Looking at his work experience, Qi Yumin has a complete resume of a state-owned enterprise. From 1982 to 2004, a planner from Dalian Heavy Machinery Factory has been the chairman and general manager of Dazhong, Crane Group. In 2004, he served as Deputy Mayor of Dalian Municipal People’s Government. Since 2005, he has been in charge of Brilliance Group for 13 years until retirement.

“I came to Brilliance in a daze. After I came, I really felt like I fell into a fire pit.” Qi Yumin said when he just took over the Brilliance Group.

At that time, the Brilliance Group, which was transformed from a privately-owned company to a state-owned holding company, experienced an unprecedented four-year era of great turbulence and chaos, and its development was in trouble. At this time, Brilliance Auto was in a huge loss for three years, unable to pay wages, and still owed the supplier 1 billion yuan in payment. Due to poor efficiency, there was a serious loss of personnel. The first thing Qi Yumin did was to go to the bank to borrow money everywhere, and in just 5 days he took a loan of 700 million yuan to open his salary, repay the arrears, reorganized parts suppliers, launched the Junjie model, and successfully raised 1.5 billion yuan in Hong Kong. , To solve the urgent need of Brilliance Auto.

Although Qi Yumin had hoped to make a breakthrough in the self-owned brand sector, many attempts were unsuccessful. After years of decline in the technical strength and sales performance of Brilliance’s independent business, it ranked bottom among large state-owned auto companies.

Public data shows that the sales of Brilliance’s own brands have been declining year by year in the past three years. In 2018, Brilliance Automotive’s overall sales volume was 89,400, a year-on-year decline of 31.7%, ranking bottom. In 2019, Brilliance Auto’s sales volume was 49,100. In 2020, Brilliance Auto’s sales slashed again to only 22,800 units, ranking bottom among state-owned auto companies again.

According to the data released by the Passenger Association, in 2020, coupled with the impact of the epidemic, Brilliance China, which had a high-light moment, suspended production and shifts, and its annual sales were even zero. Huasong MPV models also encountered the same dilemma.

The explanation for the decline in sales of independent brands by the executives of Brilliance Auto has always been that there are shortcomings in terms of channels and brand power. “Because the market operation cannot keep up with the product, the network system is relatively fragile and cannot provide support for the current sales target.”

In fact, Brilliance Auto was once a disruptor in the auto industry, aggressively and boldly experimenting with the shareholding system and the bankruptcy system.

In the era of Yangrong, Brilliance took three steps: in 1989, the Jinbei opened the way to introduce technology from Toyota and other companies; in 1992, Jinbei GM and 2003, BMW Brilliance launched a joint venture model; in 2000, China Motor launched its own autonomy. The prelude to research and development.

In addition, Brilliance International negotiated with Rover of the United Kingdom and Renault of France to conspire to acquire Shaanxi Qinchuan. However, due to the “Rover Project” in the later period, Yang Rong and the government had conflicts over the ownership of Brilliance. After the breakdown of the negotiations, Yang Rong went to the United States in 2002 and did not return. The Liaoning Provincial Party Committee dispatched a working team to Brilliance to conduct a comprehensive inventory of Brilliance’s assets, and thus took back control of Brilliance.

At present, as a state-owned enterprise in Liaoning Province, Brilliance Group directly or indirectly controls and participates in four listed companies, and through its listed company Brilliance China and BMW jointly established BMW Brilliance, which has its own brands Zhonghua, Jinbei, Huasong and BMW Brilliance, Two joint venture brands of Brilliance Renault.

But after 2002, Brilliance suffered from the “common problems of large state-owned enterprises”: product system confusion, lack of pillar models, excessive reliance on joint ventures, and the escape of a large number of talents and dealers caused Brilliance’s mid-level failure, which has not changed so far.

From a historical perspective, Brilliance Auto has lost many good opportunities, including the Rover project (termination of compensation), Renault domestic project (termination of compensation), Chevrolet SUV, domestic pickup project (integrated by SAIC GM), and joint venture projects in BMW China also lost the right to speak.

In the capital market, Brilliance has planned many plans, including adding some new listing platforms, but they have not been realized so far, including the listing of Shenyang special vehicles. In 2015, Brilliance had a plan to go public in two years, but it failed to materialize. As the No. 1 Jinbei brand in China, and even China Motors, which was once comparable to the international brands, it gradually became silent after news of wage arrears, suspension of production, and long vacations came out.

Earlier, some Brilliance insiders told AI Finance and Economics that the government-based management and the officialization of personnel are the fundamental reason for the decline of state-owned auto companies.

A 1 billion bond default triggers bankruptcy and reorganization

Everything is so sudden, Brilliance Group is “bankrupted”.

As Brilliance Group’s 1 billion private placement debt “17 Huaqi 05” expired on October 23, 2020 and failed to be paid on schedule, Brilliance Automotive was sold by its supplier, Gezhi Automotive Technology Co., Ltd. in Liaoning. The Intermediate People’s Court of Shenyang City in the province filed for bankruptcy and reorganization.

Since Brilliance Group has constituted a debt default amount of 6.5 billion yuan, the total amount of overdue interest is 144 million yuan. Brilliance was unable to repay due to tight funds.

On November 20, 2020, the Shenyang Intermediate People’s Court ruled to accept the creditor’s application for reorganization of Brilliance Auto Group, marking that Brilliance Group has officially entered the bankruptcy reorganization process. The reorganization only involves the self-owned brand sector of the group’s headquarters, and does not involve the group’s listed companies and joint ventures with BMW and Renault.

Since the second half of last year, problems such as the collapse of bonds, high debt levels, freezing of equity, zero sales, and decline of independent brands have continued to emerge. Brilliance Auto has undoubtedly become a brand that is on the verge of life and death.

“If I caught a cold, I entered the morgue.” This is the intuitive feeling of the outside world about Brilliance Automobile’s sullenness.

Who knows, such a billion-dollar giant can’t pay 1 billion private debts, and the fundamental problem is no longer an overnight disaster. Behind this, the assets of Brilliance Group are not healthy.

According to statistics, in the three years from 2017 to 2019, the total liabilities of Brilliance Automotive Group were 114.256 billion yuan, 119.585 billion yuan and 144.781 billion yuan respectively; and the asset-liability ratios for the three years were 70.84%, 69.93% and 74.11% respectively. .

In the first half of 2020, the total liabilities of Brilliance Group have reached 132.844 billion yuan. After deducting goodwill and intangible assets, the asset-liability ratio is 71.4%. In addition, as of October last year, Brilliance Auto had issued 34 bonds and 14 remaining bonds, with a total outstanding bond balance of 16.2 billion yuan.

In September of that year, Qi Kai, the vice president of Brilliance Automobile Group Holding Co., Ltd., who had just taken office, said in an interview that, in terms of finance, Brilliance Group did encounter the problem of shortage of funds and liquidity, but “Brilliance Group sits on 170 billion assets. , The debt is more than 120 billion, and the debt ratio is about 70%.” Therefore, “as a production and operation enterprise, the debt and assets are relatively reasonable, and the debt-to-asset ratio is at the middle level of the industry.”

While explaining the rationality of assets and liabilities, while exporting to the market confidence in boosting the sales of its own brands, Qi Kai’s presence did not divert everyone’s worries about the insolvency of Brilliance Group.

The latest news is that in May 2021, Brilliance Group issued a reorganization progress announcement stating that as of May 19, 2021, the administrator has received a total of 5,986 creditors to declare claims, and the total amount of claims is 53.673 billion yuan, of which the administrator The total amount determined in the preliminary investigation was RMB 39.1 billion.

Over-reliance on BMW’s own brand is weak

“I know that many people scold me for not engaging in self-owned brands, but in fact, if others are better than you, they are better than you. You have to be brave enough to admit it.” Qi Yumin said in an interview with the media in 2017.

The focus on joint ventures, the abandonment of autonomy, the lack of technical input, and the lack of pillar models have left hidden dangers for the decline of Brilliance Auto.

Critics believe that Qi Yumin’s “not enterprising” on products and his “ignorant” to the group are the important reasons for the decline of Brilliance.

“The money earned from BMW Brilliance will be returned to Brilliance’s independent business.” Qi Yumin said, “If you haven’t learned technology in 30 years, China should reflect on it. My reflection is that foreign teachers did not teach well and Chinese students did not learn well. .”

So Qi Yumin chose a shortcut: use joint ventures to feed back independence. Qi Yumin intends to use the “big plane” to provide power-technology comes from BMW, and then high technology to support his own brand, in addition to continue to integrate the automotive industry and capital markets, and finally corporate culture and management-internationalization, modernization, and marketization . Two tail wings: one is the engine and the other is diversified, including the capital market.

“Our proposition is a healthy interaction between the financial market and the automobile industry. The reason why I set up a capital company is to develop an independent industry. 100% of the money I financed and the return on investment I earn are invested in the two independent brands of Zhonghua and Jinbei. Development.” Qi Yumin said.

It is a pity that things go against people’s wishes.

BMW Brilliance almost supported the entire Brilliance Group and continued to provide blood transfusions for Brilliance, while Brilliance’s own brands have almost stagnated.

Since 2011, Brilliance China’s annual operating income has been maintained at 5-6 billion yuan, but its net profit has ranged from 1.8 billion to 5.3 billion yuan. At the same time, BMW Brilliance provides annual profits of Brilliance China of RMB 1.7-5.5 billion, accounting for 94.9% -119.6%. In the five years from 2015 to 2019, if the profit of BMW Brilliance is excluded, Brilliance Auto has been at a loss, with a cumulative loss of 3.484 billion yuan.

In 2018, the 15th anniversary of BMW Brilliance, BMW acquired 25% of the shares of BMW Brilliance for 3.6 billion euros, with a shareholding ratio of 75%, which caused an uproar in the industry.

Many people worry that when the shareholders of BMW Brilliance complete the equity change, it may be the beginning of the loss of Brilliance China. It is also said that Brilliance Auto is likely to be completely reduced to BMW’s foundry.

At that time, Qi Yumin responded to the change in share ratio on TV: “Hong Kong’s listed companies are mainly supported by BMW Brilliance. As soon as the share ratio is released, the capital market will react soon, but they only know that Brilliance will leave BMW and it will be over. Since the 75% share ratio is nothing to talk about, then I have to talk about other benefits. I have limited two, one is to ask the joint venture to make the cake bigger and at least double it, otherwise it would be meaningless to liberalize the share ratio. The second is that the shareholders of both parties need to obtain greater economic benefits. Even if Brilliance’s equity ratio changes from 50% to 25% in three years, the interest at that time must be greater than the current 50% equity ratio.”

On February 3 this year, Brilliance China’s stock changed, and even the stock price of the same automobile Jiefang soared. There are rumors that FAW Group will acquire the shares of Brilliance China. The transaction value is about 7.2 billion U.S. dollars (about 46.7 billion yuan) in an attempt to privatize Brilliance. , But soon, Brilliance China responded: “I don’t know the source of the information contained in the media report.”

At present, this is the biggest good news for Brilliance Group in the process of bankruptcy and reorganization.

This article was originally produced by AI Finance and Economics, an account of “Finance World” Weekly. Please do not reprint it on any channel or platform without permission. Offenders must be investigated.

Due to the complex structure and passage of the seabed, repair of fiber optic cables can take weeks. Illustration. Specifically, the APG fiber optic cable had a problem since May 11 near Hong Kong. The cause of the fault was determined to be a shun fault. The repair process of this cable route lasted 5 days, during which the entire service to and from Hong Kong, China of APG project member partners was interrupted. On the morning of June 11, a representative of an Internet service provider (ISP) confirmed that the error of the APG fiber optic cable had been fixed. For the AAE-1 route, the incident on May 25 was determined to be a broken cable. The incident partially disrupted the carrier’s service to Hong Kong. According to the announcement of the company in charge of the AAE-1 cable route to Vietnamese ISPs, it is expected that the repair time for this cable line will last from June 22 to July 13. The two cable lines mentioned above are the ones with large capacity. The APG route, with the investment of four Vietnamese carriers, VNPT, Viettel, FPT and CMC, has been in operation since December 2016. With a maximum bandwidth of 54 Tbps and a length of 10,400 km, the APG route passes through many Asian landing points such as China, Hong Kong, Taiwan, Japan, Malaysia, Singapore, Thailand and Vietnam. Meanwhile, the AAE-1 line has been in operation since July 2017, with a length of 25,000 km and a total capacity of 40Tb/s. This cable route has the role of improving quality towards Europe and the Middle East as well as providing additional capacity and redundancy towards the connection direction to Hong Kong and Singapore. According to representatives of ISPs, when an undersea cable problem occurs, the network operators must navigate through other fiber optic routes or other directions of the route that is having trouble. Specifically, Viettel has routed and supplemented traffic for TGN-IA, APG routes to Singapore and AAE-1 to France. Meanwhile, CMC Telecom increased capacity via cable direction across Southeast Asia (A-Grid), connecting Internet from Vietnam through Cambodia, Thailand, Malaysia and Singapore. VNPT navigates and loads other cable directions that are operating stably such as CSC, AAG, IA, SMW3.

Illustration. Internet source Specifically, on May 11, there was an incident on the S6 segment of the APG (Asia Pacific Gateway) undersea cable line. The system has mobilized ships and started repairing the above incident from June 6 and is expected to be completed tomorrow, June 11; However, during the repair, it disrupts all services to and from Hong Kong – China, so it affects network operators in Vietnam participating in APG project investment. On May 25, the AAE-1 (Asia Africa Europe – 1) cable route had a fiber break on the FP10 pair of the S1H.1 segment (about 2,072 miles from the Cape D’Aguilar landing station, Hong Kong – China. km towards Vung Tau-Vietnam). The incident on this route caused a small part of the service interruption of the domestic carrier in the route to Hong Kong – China. International partners are expected to troubleshoot the S1H.1 segment from June 22 to July 13, 2021. Incidents on two undersea fiber optic cables have a common effect on all network operators and internet service providers in Vietnam. To overcome, on the afternoon of June 10, a representative of Viettel Group said that when a problem occurred, Viettel immediately implemented a routing plan, optimized, and added capacity (including backup capacity) on the network. other undersea cable routes are TGN-IA (towards Hong Kong – China and Singapore) and APG (towards Singapore), AAE-1 (towards France) as well as preparing land cable resources for international connection. to ensure quality service to customers. In case customers have difficulty accessing, please contact Viettel via switchboard 18008119 to find out the exact cause and provide the fastest support. A representative of VNPT said that immediately after the above incident, VNPT carried out load balancing, redirected connections to other undersea cable routes as well as a number of land cables to ensure the quality of services provided to them. customer. “We navigate and load other cable directions that are operating stably such as CSC, AAG, IA, SMW3”, a VNPT representative said. According to CMC Telecom, this unit has also increased capacity through the cable direction across Southeast Asia (A-Grid), connecting the internet from Vietnam to Cambodia, Thailand, Malaysia and Singapore to ensure supply. provide stable service to customers during the incident as well as the process of repairing and overcoming…

According to CNBC, the price of this penthouse is $ 247 million, equivalent to $ 145,294 / m2, making it the most expensive apartment in the British capital. Once owned by London real estate mogul Nick Candy, this penthouse has 2 floors, each floor is nearly 850 square meters, and has a total of 5 bedrooms. Candy has lived here with his wife and two daughters for about five years. Pictured is the hallway of the penthouse. Living room with glass doors extending from floor to ceiling with a view of the park. Gorgeous living room with chandelier and fireplace. The apartment has 5 bedrooms. Pictured is the master bedroom. Dining room with a wine room hidden behind the wall. Bathroom with marble floors and walls. Not only the above penthouse, One Hyde Park building also has many expensive apartments with prices from about $28 million. It is home to the largest Rolex watch store in Europe as well as the McLaren store with six shiny million dollar supercars on display. Last month, another 1,300-square-foot unfurnished penthouse in One Hyde Park sold for $157 million. According to Knight Frank, including taxes and interior costs, the price of this apartment can be up to 212-226 million USD. According to Rory Penn, director of Private Office, owned by Knight Frank, despite the pandemic, the number of real estate transactions worth more than $10 million in London in 2020 remains the highest globally. Last year, the total value of real estate transactions of $ 10 million or more in the British capital was $ 3.7 billion, surpassing both New York and Hong Kong – two famously expensive real estate markets in the world. world.

The world’s most expensive car park is located in a super luxury development in Hong Kong overlooking the city’s harbour. It is the luxury project Mount Nicholson in the affluent ‘The Peak’ area of ​​Hong Kong. The building’s parking lot was once dubbed ‘Asia’s most expensive address’ overlooking Victoria Harbour. A car parking space costs 1.3 million USD (about 30 billion VND). William Lau, sales manager for Centaline Real Estate at The Peak, says the price for parking is negligible compared to the price of the apartment. He said: “This is definitely the most expensive car parking spot in Hong Kong. But what homeowners care most is parking space, not money. They buy houses for personal use, not for personal use. must invest”. The world’s most expensive car parking space is located in an inch of land In 2017, this development was named the most expensive address after information about a wealthy person spending $ 149 million (about VND 3,433 billion) to buy 2 houses here. Hong Kong is famous for its sky-high parking lots. In 2019, the record for the most expensive parking space belonged to a location in the bay with a selling price of $979,000 (about VND 22.5 billion). It’s a parking space in the basement of one of Hong Kong’s 73-story skyscrapers, called ‘The Centre’. According to the Global Cost of Living Survey (WCOL) 2020 by the Economist Intelligence Unit research group of the prestigious economic magazine The Economist, Hong Kong along with the capital Paris, France and Zurich, Switzerland, are the cities most expensive in the world. Reportedly, the most expensive car park in the UK costs $ 496,000, more than a third of the price of a record parking space in Hong Kong. Hoang Dung (translation summary)

Illustration. A parking space in Hong Kong has sold for more than HK$10 million (about $1.3 million or £909,800) and is said to be the most expensive parking space ever sold. The world’s most expensive parking space is located in a super luxury development in Hong Kong overlooking the city’s harbour. It is the luxury project Mount Nicholson in the affluent ‘The Peak’ area of ​​Hong Kong. The building’s parking lot was once dubbed ‘Asia’s most expensive address’ overlooking Victoria Harbour. According to the Daily Mail, this project was once dubbed ‘Asia’s most expensive address’ and if this is the price we are seeing for parking, I think we can all understand why. The South China Morning Post compiled the numbers and reported that the price of a car parking space here costs $1.3 million (about VND 30 billion). “This is definitely the most expensive car parking spot in Hong Kong,” William Lau, business director of Centaline Property Agency, told the South China Morning Post. He continued to share, the amount buyers pay for the parking space is quite small compared to what they pay for the apartment. Lau added: “What concerns them most is that they need the space to park their car, not the money. They bought it for their own use, not as an investment.” According to Insider, the sale broke the world record for the most expensive parking space, with the last one also set in Hong Kong in 2019 belonging to a bay location selling for $979,000 (about 22 USD). , 5 billion dong). It’s a parking space in the basement of one of Hong Kong’s 73-story skyscrapers, called ‘The Centre’. Earlier this year, the UK’s most expensive car park sold for £350,000 ($496,000). The 3 meter by 6 meter site in London’s posh Knightsbridge area features a long-term lease for daily parking and CCTV. The space is located in the SW7 area less than a mile from South Kensington Station, Knightsbridge Station and Gloucester Road Station. According to the Global Cost of Living Survey (WCOL) 2020 by the Economist Intelligence Unit research group of the prestigious economic magazine The Economist, Hong Kong along with the capital Paris, France and Zurich, Switzerland, are the cities most expensive in the world.

It’s been almost a century since colorful neon signs have become a unique symbol of Hong Kong’s streets, contributing to attracting a large number of tourists every year. And not only reflected in the twinkling lights every night, but the modern spirit of Asia’s most vibrant city is being discovered in every corner of the city, created by countless enthusiastic and creative young artists. Szabotage – An enthusiastic artist working on his work on a street corner of Hong Kong. While street art took its first steps and quickly became a diverse form of artistic expression since the late 20th century, Hong Kong still embraces its own ancient heritage values. But as soon as it has become one of Asia’s top destinations, Hong Kong’s traditional beauty has absorbed a multitude of different cultural flows that follow travelers around the world. In the past few years, a vibrant youth culture has brought an energetic and colorful spirit to this city. Artists Carol and Rebecca are drawing their work to life. Starting with a few murals decorating the restaurant in 2014, Bibo restaurant (also known as Sheung Wan at the time) was the birthplace of street art. The French shop owner invited artists to come to Hong Kong to decorate his restaurant. And then, this young art form created its own cultural story. Coming from all over the world, talented and passionate artists are joining hands to make Hong Kong even more brilliant. Artist Elsa and one of my favorite works Behind each work is the emotional story of artists from around the world. Renowned artist Elsa Jean de Dieu has developed her talents from decorative paintings for shops, hotels, restaurants to countless street corners in Central, Soho and Sai Ying Pun. When she first came to Hong Kong, Elsa could not communicate with others in Cantonese. But very soon, she and the people here began to connect with each other through works of art. She put into it the endless inspiration about Hong Kong, in harmony with the peaceful beauty of nature and the soft femininity of herself. Carol and Rebecca with nature-themed work Hong Kong is known as the busiest financial and economic center in Asia. Therefore, the development of street art has greened the industrial urban appearance with a lot of fresh and refreshing nature themes. This is also the main theme in the works of young artist couple Carol Mui and Rebecca T Lin. They find creative inspiration in Hong Kong’s many beautiful and magnificent natural settings. Street art lovers can enjoy the bustling streets of Central, playful graffiti at Wong Chuk Hang industrial park or colorful hipster-style works at Sham Shui Po . In addition, Soho’s Peel Street is becoming more and more attractive thanks to the strong bloom of this art form. The most beloved works of artist Elsa Jean de Dieu can also be found here. Besides, if you are looking for a harmonious Hong Kong between old and new, Sai Ying Pun is a place worth visiting. Every street corner here is brightly colored by local and international artists. Posts : Beautiful Travel

Overexploitation The researchers analyzed DNA to test eel products, including grilled eel and sushi, sold in restaurants. The results recorded that nearly 50% of the samples were identified as European eels (Anguilla anguilla) on the endangered animal list. This species is threatened by overexploitation due to increased consumer demand from Asia, especially China and Japan. These two countries consider eel a delicacy and aphrodisiac. Critically endangered and endangered eels are being sold in sushi restaurants in Hong Kong. Photo: South China Morning Post. European eels are listed in Appendix II of the Convention on International Trade in Endangered Species (Cites). The Ordinance for the Protection of Endangered Species of Fauna and Flora requires an export permit and inspection of the species upon arrival in Hong Kong. Of the 80 samples, 36 were confirmed as critically endangered European eels, 29 were American eels, and 5 were Japanese eels. Critically endangered European eel is sold in 45% of the 80 sushi restaurants surveyed in Hong Kong. Photo: South China Morning Post. Gap The World Wide Fund for Nature (WWF) said the results showed the animals were illegally existing in Hong Kong’s eel supply chain. The organization calls for urgent action to stop the illegal wildlife trade. To this day, Hong Kong remains one of the biggest hubs for the illegal wildlife industry, with a record number of wildlife seizures. In February, HKU published a study showing that thousands of species are legally trafficked through Hong Kong with inadequate traceability. At the heart of the problem lies a vague code system that customs officials around the world use to classify species. “The codes used for the eel trade are too general and only list products that are goods of the Anguilla species. However, those codes do not distinguish between different Anguilla species and their life stages,” said Jovy Chan, wildlife conservation manager at WWF. “Complete, specific and accurate commercial data are important to facilitate the implementation of conservation policies for eel species. In addition to European eels managed by Cites, some parts of Asia, for example the Philippines, Indonesia and Taiwan, have bans on the trade in European eels. Customs codes have a key role to play on issues of legality, traceability and sustainability of eels,” added Ms Jovy. David Baker, staff member of HKU’s Conservation Forensic laboratory and who led the eel study, said the results reflect the vulnerability of the retail market. “Our hope is to partner with WWF. This enhances surveillance at distribution points to prevent illegal seafood products from entering the market,” Mr. Baker said. A fisherman releases a Japanese eel in the Enshu Sea off Hamamatsu, Shizuoka Prefecture. Photo: South China Morning Post. In 2020, HKU published a study showing that nearly half of eel products retailed in supermarkets and convenience stores in Hong Kong are endangered European eels. Based on DNA testing, the study found that nearly half (45%) of retail eel products originate from critically endangered European eel species. Products are only labeled as “eels”. “Consumers have the right to know where their food comes from and whether it is sourced in ethical and sustainable ways. This problem is not limited to eels,” Mr. Baker said.

While the rest of the world struggled to find a way to relax travel restrictions, the two Asian financial centers have been trying for months to open up to tourism. In November 2020, the number of Covid-19 infections in Hong Kong skyrocketed, forcing Singapore and Hong Kong to postpone the “travel bubble”. And now, a new outbreak in Singapore has extinguished hopes of a “travel bubble” once again. “Next time, they should announce the enforcement 24 hours in advance so that Covid-19 does not have time to react,” Wong, 33, joked. The “travel bubble” connecting Singapore and Hong Kong was postponed twice because of the Covid-19 epidemic. Photo: Getty Images. Travel thirst The two city governments carefully drafted detailed criteria and announced new safety regulations to open the border. Many people who want to travel rush to book tickets to secure seats on two scheduled return flights each day. They plan to go to specific places, meet friends. Now again they are disappointed. “Singapore is only a 3.5 hour flight from Hong Kong, but now it feels like the other side of the world.” WSJ quoted Emma Herblot – 42-year-old French expert working for an online payment company in Singapore – lamented. Singapore and Hong Kong have been relatively successful in containing the Covid-19 epidemic and are still applying strict isolation regulations. People returning from anywhere still have to be isolated in concentrated for 2-3 weeks. So many Singaporeans and Hong Kongers have not traveled for more than a year now. Travel blogger Aaron Wong at Changi Airport in February 2020. This is his last trip before the Covid-19 epidemic. Photo: WSJ. Unlike the US or Europe, people stuck in Singapore and Hong Kong don’t have much choice when it comes to commuting. The area of ​​Singapore is only 728 square kilometers, Hong Kong is only slightly larger. Andrew Scott – a 41-year-old editor who works at a Hong Kong media company – said he planned to visit friends in Singapore. “It was fine until around January, I really wanted to go somewhere,” he lamented. I was so excited about the travel bubble plan and then it was all a disappointment.” Last year, Asian tourism experts and officials asserted that the “tourist bubble” was the key to opening the border. They say that two-dimensional “bubbles” will appear first, followed by regional “bubbles”. Some experts envision a giant Asian “travel bubble” consisting of countries that have succeeded in containing the Covid-19 epidemic. The Hong Kong government has used a “travel bubble” to encourage people to get vaccinated in recent weeks. “Great but dull Singapore” Since the beginning of the pandemic, Singapore has recorded more than 61,600 cases of Covid-19 per 5.8 million people and 31 deaths. Meanwhile, Hong Kong recorded 11,800 cases per 7.5 million people and 210 deaths. As the number of infections in Singapore increased, Chitra Karamchandani (30 years old, in Hong Kong) was extremely worried. She has not seen her fiancé for the past 1.5 years because of restrictions on entry to non-citizens. According to the plan, he was supposed to fly to Hong Kong at the end of this month and they will hold a wedding in June. Karamchandani had detailed plans to welcome her fiance, including walking around the city and learning to cook Japanese noodles. The “bubble” burst made her extremely disappointed. “When will the border reopen? We just want to see each other again,” she lamented. Dennison Wee – 26 years old, working in finance in Singapore – hopes his trip to Hong Kong will become an inspiration for him to continue blogging. He has written about journeys through nearly 100 cities around the world. Without a “tourist bubble”, Singaporeans and Hong Kongers are trapped in the city’s small size. Photo: Getty Images. But since March 2020, he has only written a few reviews about hotels within a radius of about 20 km around his apartment. Mr Wee, 26, said: “Singapore is great but it’s dull. We must have only one hill to walk on, a few islands.” To keep himself busy, travel blogger Wong participates in projects to stimulate local tourism. He continued to wait for another 2 weeks until the authorities had a new notice. “All we can do is hope,” Wong said.

According to HK01, Quach Phu Thanh spent millions of dollars to renovate and decorate the villa like a 5-star hotel. The home and garden space is open, in addition, there is a swimming pool, a basketball court for the actor’s sports practice. Luxury villa of the Heavenly King Hong Kong family Photo: HK01. The actor also rented an apartment next to his house for more than 10,000 USD/month for Phuong Vien’s parents to live when they went to Hong Kong to take care of their children. Apple Daily said that recently, Quach Phu Thanh also rented a garden apartment for his wife to have her own space to livestream to advertise products. According to On, Quach Phu Thanh owns a net worth of up to 2 billion HKD. With a huge fortune, the actor spends 26,000 USD per month for his wife to satisfy her leisurely pleasure. His family’s spending falls to about 128,000 USD/month. The 56-year-old star’s fortune is constantly increasing as he is still working hard in the entertainment industry. Not only constantly accepting movies and holding concerts, Quach Phu Thanh also expensive advertising shows, as the face of many brands.

China’s Association of Community Organizations (SoCO), a human rights organization, has released photos of suffocating apartments in Hong Kong as part of a campaign to raise awareness of the harsh living conditions people live in. city ​​dwellers are facing. To capture the scale of these micro-apartments, the photographer captured the apartment above. Wide-angle shots are taken by fixing the camera with the wide-angle lens to the ceiling, and then triggering the shot from a distance. With over 7.5 million people, Hong Kong is one of the most populous cities in the world. Rapid urbanization causes many people to live in narrow living spaces that are “suffocating”. According to the Association for Community Organizations, more than 10,000 people in Hong Kong live in already small apartments that are split into smaller apartments. An average of 0.09 square meters in Hong Kong costs nearly 29.9 million VND. Compared to New York (USA), Hong Kong’s rent is 35% higher.

According to the HK01 , Quach Phu Thanh spent millions of dollars to renovate and decorate the villa like a 5-star hotel. The home and garden space is open, in addition, there is a swimming pool, a basketball court for the actor’s sports practice. Luxury villa of the Heavenly King of Hong Kong family. Photo: HK01. The actor also rented an apartment next to his house for more than 10,000 USD/month for Phuong Vien’s parents to live when they went to Hong Kong to take care of their children. Apple Daily Recently, Quach Phu Thanh also rented a garden apartment for his wife to have her own space to livestream to advertise products. According to the On , Quach Phu Thanh owns a net worth of up to 2 billion HKD. With a huge fortune, the actor spends 26,000 USD per month for his wife to satisfy her leisurely pleasure. His family’s spending falls to about 128,000 USD/month. The 56-year-old star’s fortune is constantly increasing as he is still working hard in the entertainment industry. Not only constantly accepting movies and holding concerts, Quach Phu Thanh also expensive advertising shows, as the face of many brands.

Sleep capsule hotel is located in the Sheung Wan neighborhood of Hong Kong, China. Photo: Stairs going up to the hotel. It seems a bit like looking for a secret passage. When you see sleep related messages, you are about to see this hotel. One of the best things about the hotel is that there is no reception or keys. You just need to move your hand outside the door. A QR code is sent to you on the day of check-in. Simply scan the QR code on the scanner below to open the hotel door. 11 o’clock at night. Everyone in the hotel is sleeping. The screen at the entrance displays a message welcoming guests to the hotel and offers some useful information. Guest shoes are on a bench under the door. The hotel has an area of ​​34m2, according to Lifestyle Asia. The light on the bed flickered when the guest checked in, but I didn’t detect it because the bed was in a row not visible from the entrance. My cabinet code is stuck. A dear friend helped me unlock it – she also had trouble entering the passcode. The locker holds a cup of water, a towel, enough space for a small suitcase, and places to hang clothes. But neither me nor my friend could fit the suitcase because it was too narrow. A large self-sliding door separates the public bathroom from the sleeping area. But every time it opens and closes, the noise squeaks. When you turn on the faucet to brush your teeth, you also need to be aware. After brushing my teeth, I go to bed. I put my Kindle, phone, laptop, and water bottle in my bed. The magnetic induction curtain closes. Each bedroom is covered with rounded wood panels, with lights and charging ports. I grabbed my laptop intending to send out a bedtime email, but as soon as I started typing, I knew I couldn’t work because I would wake other guests. I could hear everything in the hotel, water running from the faucet, someone sifting through lockers and opening and closing the bathroom. The Sleep Hotel provides headphones, reading lights and a sleeping mask. It feels more like a hostel than a hotel. The big benefit of staying in a hostel (aside from being inexpensive) is that you can easily meet other travelers. There is a pamphlet next to the bed with all the information about the hotel. I’m not ready to sleep yet. But there’s nothing to do. I was really excited because at least in the morning the shower was still hot. I feel terrible. The other guests also tried their best to be as quiet as possible.

This is the second time this giant predator has been found to have COVID-19 after eight tigers and lions at Bronx Zoo, New York, USA, had similar results in April 2020. According to experts, it is likely that these lions were infected with COVID-19 from people working in the NZP, because more than 25 NZP staff has reportedly been infected with COVID-19 to date. NZP is a 54-hectare zoo, caring for more than 2,000 animals, the most visited place in India today. Because the incident on the NZP had to close and wait until further notice. Lions infected with COVID-19. Viruses can be transmitted from animals to humans and vice versa Many studies have found airborne transmission and animal-to-animal contact, from human to animal, and vice versa. Cats and weasels are the two animals most susceptible to SARS-CoV-2, while dogs are shorter; chickens, pigs and ducks are not infected. ZS-CoV-2 reverse transmission from animals to humans in dogs and cats has been confirmed by genetic analysis of virus strains isolated from domestic animals and domestic animals. Most studies show no clinical symptoms in infected dogs and cats. There is no evidence of animal-to-animal transmission of SARS-CoV-2, although this possibility is not excluded. COVID-19 in mink farms showed both human-to-mink transmission and vice versa. This raises concerns about weasels becoming an unexpected vector for SARS-CoV-2. According to three studies updated by the European Center for Infectious Diseases and Policy (CIDRAP), a high proportion of dogs and cats may have acquired COVID-19 from the owner, and the virus “jumps”. People and weasels go back and forth on farms in the Netherlands. Weasel is the most susceptible animal to SARS-CoV-2. First, a small study conducted by the University of Guelph in Ontario, Canada. As a result, most dogs and cats may have acquired COVID-19 from their owners, scientific evidence finds antibodies against SARS-CoV-2 in their blood. “Testing an animal’s blood after the owner has recovered is the best way to assess human-to-animal transmission because the time it takes to determine the current infection in the pet is narrow. There is sufficient evidence from many studies to recommend that people infected with SARS-CoV-2 should be isolated from humans and animals. Dr. Dorothee Bienzle, University of Guelph, key author. The second study was published in the journal Emerging Infectious Diseases late September 2020. Scientists in Hong Kong examined respiratory and fecal samples from 50 cats from COVID-19-infected households or their close contacts for SARS-CoV-2 RNA from November 11. 2 to 11/8/2020. 6 out of 50 cats (12%) tested positive for SARS-CoV-2 RNA on RT-PCR and the viral genome from a pair of hosts and cats were identical. All cats show no symptoms but have lung abnormalities similar to those found in infected people. The researchers call for broader serological monitoring of cats connected to COVID-19 patients to determine the incidence of human-to-cat transmission. The third study, presented at the ESCMID conference, monitored COVID-19 contamination in 16 mink farms with more than 720,000 animals in the Netherlands. As a result, SARS-CoV-2 was found to have “jumped” back and forth between people and weasels, in the case of animal-to-human transmission or vice versa. Researchers who examined and sequenced the entire genome showed that 66 out of 97 people (67%) who lived or worked on farms were diagnosed with COVID-19 on PCR or a resistance test. can. Currently, COVID-19 is still spreading in farms, despite human efforts, the authors reveal. In order to minimize the risk of transmission of the virus between humans and animals and vice versa, scientists argue that close cooperation between animal health agencies and people is essential for early identification and control of schools. infection with SARS-CoV-2. Cats need to be isolated to prevent infection with SARS-CoV-2. In addition, to avoid transmission of the virus from infected households and pets to livestock, the livestock must be in the same quarantine as applies to humans. Letting your pet roam in a community increases the likelihood of spreading the virus. The original origin of the virus has not been determined yet, so livestock should be strictly managed and all measures are taken according to the veterinary authorities, especially pets in areas where epidemics have occurred. and has been translated. Ngoc Anh ( People / Ejmed / CUE– 5/2021 )

Accordingly, the apartment has luxurious interior, prime location like a mountain overlooking the sea. The actor’s house God Condor is a paved apartment with a width of 278 m2, with up to 4 large halls with glass doors installed from ceiling to floor to enjoy the scenery. The house’s balcony is spacious and has an outdoor swimming pool. The apartment is also equipped with a private elevator. Luxury interior inside a million-dollar apartment of Co Thien Lac. According to the HK01 , the terrain of Ma On Shan district attracts many famous artists from Hong Kong, artists choose to buy a house here such as Duong Di – La Trong Khiem couple, Tran Hao and Tran Nhan My families, Thang Lac Van, Vuong To Lam … In 2017, Co Thien Lac also spent $ 75 million to buy a luxury villa on Thuy Loan Island (Deep Water Bay), Hong Kong and invited his biological parents to stay. According to the On The actor is currently the boss of 6 companies, in addition he also invests in many other units. Co Thien Lac works very hard in art, every year he can participate in up to 5 movies. In which, most of them are amateurs who spend money on production. Co Thien Lac’s works were also enthusiastically received by the audience. The actor has just invested in film production and opened an artist management company. On March 16, the actor was elected as the Chairman of the Hong Kong Filmmakers Association cum Chairman of the Hong Kong Performing Artist Association. It can be said that he is the most important character of the current Huong Cang movie world. Having made a lot of money, Co Thien Lac also devoted a lot of energy to charity activities. HK01 Reported that the school No. 133 in the community welfare project of Co Thien Lac was inaugurated and officially put into use from March 26.

Recently, Hong Kong and Singapore media reported that Co Thien Lac spent 50 million Hong Kong dollars (about 150 billion dong) to buy a house. penthouse luxury in Hong Kong, after the feng shui master he trusted said, buying that apartment would increase his luck.

Can penthouse This floor is nearly 300m2 wide, has a beautiful sea view, with 4 bedrooms, rooftop swimming pool and private elevator.

Co Thien Lac bought a luxury penthouse, priced at 150 billion dong, to increase luck. Artwork: 8days.

According to Co Thien Lac’s feng shui master, there will be a change in luck by 2024, and real estate facing the North and facing the water area, and the back facing the mountain will “attract fortune”.

Co Thien Lac believes this is understandable, because according to Hong Kong media reports, his career “boomed” after he spent 30 million Hong Kong dollars (nearly 90 billion dong) to buy one. house (also) according to the advice of the feng shui master. After that, the Feng Shui teacher advised him to buy a villa for 126 million Hong Kong dollars (about 374 billion VND) for even more luck, and he also did.

Then now comes the apartment penthouse 150 billion.

Actor Co Thien Lac. Photo: Getty.

Netizens wrote comments like:

“How do I find a feng shui master to help me be so lucky?”

“Did he get lucky because he bought many houses, or was he lucky that he just bought so many houses?”

“Now I know why I’m poor, it’s because I haven’t bought any house yet”.

Co Thien Lac has built many schools over the years (the right picture shows an elementary school with your name on it). Photo: MS.

But whatever you say, Co Thien Lac is an artist with a golden heart. Despite his huge fortune, he is not arrogant, but always tries to help artists, and has a charity fund to support more than 100 schools, help open clinics and build clean water wells in many places. throughout the past decade.

Thuc Han

According to many sources