Author: Zhao Jian is the Dean of the Xize Research Institute, Shandong University Economic Research Institute, Jinan University Business School, Nanjing University Yangtze River Industrial Economics Research Institute, Chinese University of Hong Kong (Shenzhen) professor, tutor, and researcher; member of China New Supply 50 Forum .

Zhao Jian, Dean of Nishizawa Research Institute

Although there is wisdom, it is better to take advantage of the momentum; although there is a foundation, it is better to wait for the time.

-“Mencius-Gongsun Chou Shang”

Contents of this article:

1. Those that are in line with future trends are truly valuable

2. The deep root of the decline of value investment: the aging and distortion of financial accounting information

3. The dilemma of value investment in the era of digitization, monetization and bubble

4. Trending Investment: Stay up to date and take advantage of the trend to live up to your youth

   (The full text is 6,700 words, and the reading time is about 9-12 minutes)

   

1. Those that are in line with future trends are truly valuable

“The era when value investment is king has passed, and now it is the world of trend investment”

“Being friends is not time, but cycle”

“The only constant in the world is change, and every major change has a trend.”

“Only those that are in line with the trend have investment value”

“It is not the past that defines the present, but the future”

“Is Moutai a value investment? Such a high valuation is definitely not”

Ms. Liu Yang, Chairman of the Board of Directors of Nishizawa Investment and a legendary investor, has criticized the “metaphysics” of value investment on many occasions, advocating that in this era of new discoveries, new changes, and new things every day, we should jump out of the cognitive prison of the past. ,use Trending Investment The concept and method of capturing the “unicorn” under the digital wave.

Of course, compared to value investment supported by static financial data, trend investment based on future development potential may require a combination of science and art. This also increases the difficulty of decision-making and judgment, and at the same time makes some fraudulent behaviors such as fake trends and “PPT” bubble narratives become popular.

However, if all investors choose the target according to the standard of value investment, then there will be no unicorns in the digital age such as Alibaba, Facebook, Tesla, Amazon, and Apple. Because of the value of these emerging companies (such as the innovative spirit of Musk and Jobs), it is impossible to use financial data such as accounting statements to measure and discover. In this sense, value investing is too mediocre and lazy-the financial indicators of business operations reflect only the past.

In fact, in the past two decades, the rate of return on value investment has become less and less than in the past. Especially in the last ten years after the subprime mortgage crisis, the return on value investment underperformed the broader market index, or even lower than most passive management. Because now the emerging companies (FAANG, Facebook, Apple, Amazon, Netflix, and Google) that determine the US stock market index are no longer understandable and valued by value investment relying on accounting information.

2010-2019: The performance of value stocks is far below that of growth stocks (Via Ken French)

Value investment is old, or the entire system needs to be updated, iterated, or even rebuilt. There are four core reasons:

First, the decision-making information system on which value investment depends can no longer reflect the true value of emerging companies .The basic information that value investment relies on is traditional accounting information, but Accounting statements born in the era of heavy industrialization , There have been basically no major changes in the past 100 years, and it reflects the information of material assets in the era of heavy industry. There is no way to accurately measure intangible resources such as the core innovation capabilities, entrepreneurship, human capital, digital assets, organizational vitality, and culture of emerging companies in the information revolution and the digital age. . In other words, according to the financial indicators of value investment, it is impossible to capture the unicorn of the digital age.

The famous scholar Baruch Lev used empirical methods to prove a conclusion in “The Decline and Revival of Accounting”: In the capital market, Accounting statements contribute less than 5% of incremental information to investors ! Moreover, various accounting “fakes”, whether it is illegal fraud or legal statement whitewashing, not only fail to guide investors correctly, but also create a lot of noise and false signals to mislead value investors to make wrong valuations.

Second, a static valuation system based on historical data has been unable to adapt to the “era of great changes” under the digital wave. The information that value investment relies on is all historical data, or calculating the future based on historical data is equivalent to using the past to price the present. If we say that in the era of heavy industry with greater certainty and stability, this kind of valuation system can still prevail, but in the digital era full of uncertainty and various new things, the pricing of a high-quality company should be mainly based on future development Trends, not past information that is “dead” and full of false signals.

Historical data-mainly the financial statement information of the company-certainly has a strong objectivity and authority. In the industrial age where environmental changes and technological changes are slow, past and historical data can be better used to deduce the future, and the deviation may not be particularly large. However, information and digital technologies are changing with each passing day, the market environment and user preferences are elusive, and various new things emerge unknowable, causing future expectations based on historical data to fail. The truly outstanding investors in this era basically do not rely on historical accounting information but rely on forward-looking judgments on major trends.

Third, under the debt explosion and the global monetization trend, the traditional value valuation system has been strongly impacted by “dummy variables” such as debt, currency, and liquidity, and the fundamentals have become more and more important as the core variables of pricing. less . We know that value investing mainly relies on fundamental variables. However, since the subprime mortgage crisis, the world has continued to release unlimited amounts of water, and the risk-free interest rate has been pushed down to 0 or even exceeded the lower limit and became negative. With the cost of capital being so low and the availability of funds more and more accessible, the amount of high-risk speculative and high-frequency trading capital is increasing, and it is becoming more and more dominant in the valuation system of the capital market. These transactional capitals most favor growth stocks that are full of imagination and huge valuation space, but are not interested in those stocks that have lower valuations and are more favored by value investment. “Cheap is not good, good goods are not cheap” is actually the valuation paradox of value investing-if the market is efficient, then those stocks that are undervalued in the view of value investing have no investment value.

Fourth, in the digital and information age, the information sources and databases that investors rely on for decision-making are becoming more and more diversified, and more and more real-time. In comparison, value investment that mainly relies on financial accounting statement information is lagging and aging. . Half a century ago (the most glorious era of value investment), the information system was underdeveloped, especially the lack of information channels for individuals. The financial accounting statement system became the main information channel and was monopolized in the hands of a few institutions. Today’s information explosion, the wave of digitization is sweeping everything, personal data and information terminals are completely popularized, the monopoly of information and data has been broken, and investors have more and more information sources for valuation of asset targets, which can better support trend investment . And value investing still sticks to financial data and report information full of false signals. The formation cycle of financial statements is too long, the short is quarterly, and the long is annual. In today’s changing times, an information system with such a slow frequency of information changes is certainly unable to make timely and forward-looking decision support for investment.

In fact, we do not deny the basic principle of value investing, namely Insist on investing in valuable assets . But the question is, what is a truly valuable asset and how to define the term “value”.The philosophy we insist on is very simple, that is “Only what is in line with the development trend of the times is truly valuable “.

And we were surprised to see that in recent years, those investors who declared value investment and long-termism to the outside world still made trend and cycle money in the end. We can only be in awe of time, the long river of time can refresh and bury everything. It is the cycle that can be friends with us, and only the cycle can give us the opportunity to truly discover and create value.

2. The deep root of the decline of value investment: the aging and distortion of financial accounting information

In the pedigree of investment ideas in the stock market, technology investment is earlier than value investment. In 1905, after more than ten years after the emergence of the Dow Theory’s trading technology analysis method of the stock market, an important analysis method and investment method for judging the stock price and investment from another angle was born-fundamental analysis method and value investment method . This analysis method has been continuously developed in practice, and has been valued and used for nearly a hundred years, and has become a classic mainstream value investment school.

The founder of the value investment method was Graham, the teacher of Warren Buffett. He wrote a masterpiece “Securities Analysis” in the 1930s. In the book he created a theoretical system of basic analysis methods, expounding the value investment main content. In Graham’s view, The stock price is the external manifestation of the internal investment value of a listed company. To buy a stock is to buy a listed company. Therefore, the analysis of the investment value of listed companies is the main method to choose stocks. Graham also believes that The analysis of the investment value of listed companies is mainly the analysis of the financial situation of listed companies, mainly analyzing the balance sheets and income statements of listed companies.Investors should evaluate the intrinsic value of their stocks based on the asset situation and performance of the listed company, so as to judge the level of its stock price .

Warren Buffett is a faithful practitioner of Graham’s theory. According to his memoirs and biography, there is no stock exchange quotation in his office. There are only piles of financial statements and analysis reports of listed companies He also never trades short-term stocks, but finds the company with the most investment value from numerous listed companies and makes relatively long-term investments in it.

From the perspective of the history of the development and evolution of value investment, there are mainly two distinct characteristics: first, The foundation of value investment reliance is financial accounting information , Mainly the balance sheet and income statement (income statement); second, Value investment was born in the era of the second and third industrial revolutions. The high-quality enterprises produced by these two industrial revolutions are mainly based on tangible assets that can be accounted for. .

In this way, the reasons for the decline of value investing are clear:

the first, Financial accounting information has increasingly lost the accuracy of measuring corporate value The main reason is as Baruch Lev said in “The Decline and Revival of Accounting”, the basic framework and standards of accounting have not undergone major adjustments for more than 100 years. In the past hundred years, three industrial revolutions have occurred, and financial capitalism has widely emerged. However, accounting still adheres to the basic concepts and framework of a hundred years ago, and has not made corresponding adjustments with the changes of the times.

Second, modern accounting standards and frameworks are actually still products of the industrial age. They are mainly The measurement of tangible assets in heavy industry enterprises simply cannot reflect the corporate value information with innovation, creativity, talents, culture, etc. as core resources in the current wave of the fourth industrial revolution. Therefore, it is impossible to truly capture the leading companies in the digital age.

third, The quality of accounting information itself is getting worse and more distorted . Leaving aside those blatant frauds and frauds, it is difficult for ordinary investors to identify and observe “accounting whitewash” within the requirements of accounting standards. Today, with more and more diversified information sources, accounting information can no longer be used as the basic basis for valuation. This also means that the traditional value investment system is gradually being abandoned.

3. The dilemma of value investment in the era of digitization, monetization and bubble

Modern financial activities are being affected by Three waves of the era The effects of Digital wave based on the fourth information technology revolution , It changes the technological environment of financial investment activities; based on Monetization wave under the background of the fourth wave of global debt explosion , The global super monetary easing after the two major crises in the last ten years-the subprime mortgage crisis and the pandemic crisis; Financial asset bubbles under long-term low interest rates, zero interest rates and negative interest rates , The typical performance is the US stock market, Chinese real estate, Japanese and European national debt. Of course, the definition of a bubble is currently uncertain. Many people do not agree with the current tendency to bubble and believe that a bubble can only be recognized after it bursts. What we are adopting here is the standard of value investment, thinking that a bubble is a large deviation from the long-term average price (used to measure value).

however These three waves are making the value investment system that has prevailed for more than half a century be troubled. . First of all, digitization has increased the volatility of the financial market. The diversification of information sources, quantitative investment based on digital technology, and passive management prevail. Various online social platforms, digital communities, and self-media have broken the mainstream media’s monopoly on financial information dissemination channels. Make traditional value investment based on static financial accounting information at a loss . In particular, the rapid development of digital technology coupled with the popularization of digital smart terminals, Narratives based on behavioral finance and psychoeconomics are widely popular. The market’s pricing of investment targets no longer focuses on “boring” and “old” accounting information, but on the stories widely circulated in the market. “Red” stocks and the flow of entrepreneurial big V . Of course, from a traditional perspective, the “net celebrity” of these assets and the “big V” of entrepreneurs certainly have a bubble component, but under the sweep of the digital wave, people are more inclined to think that narratives form a consensus. , With stronger valuation support. Those companies that look “cheap” in terms of financial information have actually lost the trust and favor of the market.

The monetization wave is the second biggest factor that causes value investment to get into trouble. Too much currency in the process of chasing a small number of core assets has generally pushed valuations far beyond the understanding of value investors . Value investors can only be forced to raise the valuation standards and pick up some old assets that are easy to “pit” in the market, which seem to be cheap and actually expensive (for example, Buffett admits that it was a mistake to invest in aviation stocks because of PE’s low investment). In the past decade or so, the wave of monetization has risen one after another, from three QEs in the United States after the subprime mortgage crisis, to the European debt crisis in the euro area, and then to the global “unlimited” monetary easing after the pandemic. It seems that the monetary rules and fiscal discipline that had a bottom line in the past no longer exist. The consequence of this is that global liquidity is surplus, core assets are starved, and interest rates have long been suppressed at a very low level, close to zero or even negative. This obviously amplifies or distorts or even destroys the value investment system . I focused on this issue in my previous article “Zhao Jian: The financial market has been “hyperinflation”, and the money printers have destroyed the value investment system.” Long-term low interest rates and excessive liquidity have caused value investment to lose the basic pricing anchor, and the entire valuation must be greatly increased. . Because the risk-free interest rate, which is the discount rate, continues to decrease at the denominator end. Moreover, the emergence of negative interest rates requires us to revise the discounted cash flow model, which is clearly beyond the framework of traditional financial models. In this sense, it is not so much that the valuation of financial assets has risen sharply, as it is that the value of currency continues to collapse.

Bubbles are the object of hatred by value investors, but today’s world is full of bubbles. If you follow the standard of value investment, the best strategy now is to use cash as the king and wait for the bubble to burst and pick up cheap “value return” assets.However, the reality is definitely not the case . First of all, theoretically, the definition of a bubble itself is quite controversial, and many people even think that there is no bubble at all. According to the standard of value investment, a bubble is the deviation of price from actual value. But what is “real value”? This returns to the old question, or to the philosophical level of metaphysics. However, the reality is that bubbles exist everywhere and exist for a long time. From the point of view of value investors, current financial assets are very expensive, cost-effective, and do not meet the standards of value investment. But the reality is, The modern economy itself is a bubble economy measured by money , Not so much that core assets are getting more expensive, it is better to say that credit notes are getting cheaper. If you change the coordinate system and use physical assets or stocks of high-quality listed companies as the value standard to measure the current core assets, it is actually not that expensive (for example, the currency measurement system composed of the FAANG index). Bubbleization and monetization are closely linked, because the value scale of all major types of assets is traditional legal currency, mainly U.S. dollars. But now the U.S. dollar expands almost indefinitely, The so-called bubble is nothing but a bubble in the US dollar, a bubble in all legal currencies .

The three waves of digitization, monetization and bubble are superimposed, It gave birth to a new alternative asset or a new type of currency in the future-encrypted digital currency . The “super bubble” of cryptocurrencies such as Bitcoin is the ultimate manifestation of the superposition of these three waves. However, in the eyes of value investors, encrypted digital currency is the “biggest scam” of this era. This judgment happens to announce the inevitability of the decline of value investment-the fall of a system of thought and belief, precisely from the pretentious and hostile towards new things (rather than trying to understand why it exists).

4. Trending Investment: Stay up to date and take advantage of the trend to live up to your youth

There is a popular saying in the investment world called “being a friend of time”, or long-termism. It sounds reasonable and idealistic, but reality is full of irony: most of the time, it is because of being stuck and forced to be friends with time. Of course, it is also a common sentence used by investment managers to comfort their clients. Managers of course hope that customers will always be “friends of time”, which can reduce the redemption pressure and charge more management fees.

A truly outstanding investor must put himself in the general trend of the development of the times, and capture high-quality assets that represent the theme of the times in each phase of the medium and long-term changes. And in accordance with the changing trend, do a good job in the management of assets, funds and capital, and balance the relationship between profitability, liquidity and safety, so as to better meet the needs of customers with different risk preferences and liquidity preferences. In this sense, being a friend of time is worse than being a friend of cycles. In the face of mysterious time, only the cycle is meaningful for investment, otherwise no amount of time will be a repetitive cycle. Just like we ridicule A shares, it has been ten years, but it has returned from one 3000 points to another 3000 points.

In fact, there may not be absolute value investment, because the essence of the capital market is the valuation of the future, and the judgment of the future must be placed in the internal development trend.Therefore, the success of value investment and the huge gains obtained are, in essence, the excess gains given by the trend. . We look back at Greenham, and the era when Buffett’s investment was the most successful and with the highest rate of return was precisely the era when the second and third waves of industrialization emerged. Therefore, their excess return is actually a bonus gifted by the general trend of the times.

Value investing was very successful in that era. Another key point is that the accounting information in the heavy industry era can better reflect the value of the enterprise, because the core assets of the leading enterprises in the industrial era are all tangible material assets. Accounting is very effective in measuring tangible assets. At the same time, the method of “judging future trends based on historical data” in that era was also relatively effective, because that era was not like today’s digitalization and monetization, and the era of major changes unseen in a century. Most of the time, historical experience cannot be used as a definition of the future. The foundation may also become a kind of bondage.

In fact, value investment and trend investment, left-hand trading and right-hand trading, are not completely opposite in nature. There is an element of trend investment in the concept of value investment, that is, assets whose prices deviate from value have a strong tendency to return to value. Trend Investment also recognizes the basic concept of value investing, that is, investing in companies that are truly valuable. But from the nature of decision-making methods, value investment can be regarded as a special case of trend investment: judging future trends based on financial accounting information. Obviously, in the current era of continuous changes and new things emerging, it is obviously not enough to rely on financial statement information as one of the information sources to judge the future development trend of an enterprise.

Mencius said: Although there is wisdom, it is better to take advantage of the situation; although there is a foundation, it is better to wait for the time . In fact, most successful value investors do not rely on their own efforts to find a good target with the financial analysis method of value investment. The vast majority of the time is just a gift of the times-they just follow the trend of the cycle. Excess return . In this sense, Trend Investment knows how to respect the market, respect time, and respect value. Value investing has achieved great success because it coincides with the development trend of the macro economy and enterprises.

Each era has its own major themes and major trends. This era is an era full of glory and dreams. It is an era in which endless opportunities are bred amidst changes and turbulence. It is also an era in which old things are quickly eliminated and new things emerge quickly. Time is easy to get old, and time is easy to pass. It is of course easy to be a friend of time and “lay flat” in a complex and ever-changing market, but for a good investor with dreams, he still needs to use his own professional knowledge and comprehensive knowledge. , In the global and Chinese economic cycle, to find the general trend that can create value for customers. Only in this way can we live up to time and time.

(Source: Baidu, stocksnap.io)

[OriginalbyNishizawaResearchInstitutewelcometoforwardandreprintPleaseindicatethesourcethankyou!】

Smart technologies are being applied more and more in building management. Source: ngonghiepvietnam.vn This is a recommendation made by experts of Real Estate Consulting Company Savills Vietnam in a newly released study. Chris Mariott, Managing Director of Savills Southeast Asia, said: “Nowadays, thanks to the development of the Internet of Things (IoT), we can access data through live cameras and sensors. Out. The data recorded in the building management system will help us to improve the management. In addition, smart technology will also proactively send notifications to management about maintenance schedules as well as potential or pending problems at the building. In addition, the application of artificial intelligence and technology will also help reduce the workload for management. In Vietnam, recently, the trend of applying technology in real estate project management is also considered as one of the solutions to improve the operational efficiency of the project. This factor contributes to making a difference to the standard of professional real estate management services, enhancing competitive value for real estate business units. According to Savills data, it is estimated that startups in the real estate technology sector attracted investment of USD 10 billion in 2016 and this number increased to USD 44 billion in 2019. These companies mainly provide technology solutions for buildings, helping to achieve high efficiency in management, reducing emissions, bringing economic benefits to investors…

JD Cloud released the top ten technology application trends of JD 618

JD Cloud first Release Jingdong 618 Top Ten Technology Application Trends

JD has been exploring cutting-edge technologies, especially the exploration of the combination of future technologies and scenarios, and the exploration of technology applications. Dr. Mei Tao, Vice President of JD Group and IEEE &; IAPR Fellow, released the top ten technology application trends of JD Cloud 618 on the spot, covering C2M reverse customization and intelligent customer service that understands users better; understands multi-modal content generation and blocks of products Chain anti-counterfeiting traceability; smart supply chain decision-making, integrated supply chain and virtual digital people that understand more scenarios; and stronger infrastructure guarantees, namely, a privacy computing platform that supports ultra-large-scale data fusion, a cloud-native hybrid digital infrastructure, and Liquid-cooled data center. As a technology and service company based on a digital intelligence supply chain, JD.com has continuously deepened its efforts to integrate technology and practical application scenarios into practice, and apply them on a large scale to help partners reduce costs and increase efficiency, improve experience, and create “the most technological “JD 618.”

Vice President of Jingdong Group, IEEE &; IAPR Fellow?Dr. Tao Mei

Intelligent supply chain decision-making, 31.2 days is a world-class number

Among the ten major technology application trends, JD.com’s intelligent supply chain decision-making has created a world-class record for JD.com’s “inventory turnover days reduced to 31.2 days” through intelligent operation, warehouse network optimization, omni-channel contract performance, and C2M reverse customization. According to Liu Xiaoen, vice president of JD.com and head of JD’s retail smart supply chain Y business department, behind JD’s 31.2-day turnaround is faced with great challenges, which are mainly derived from four aspects: massive amounts of goods, complex warehousing and distribution. Online, online and offline multi-scenario retail model, and matching with the supply and demand of a large number of upstream suppliers. Costco, a global retail giant known for its operational efficiency, has its latest inventory turnover days of 30.9 days, but it manages only a few thousand SKUs, while JD.com has millions of SKUs and more than 1000 warehouses, with a turnover of 31.2 days in all categories. Under the self-operated mode, it is already at the world’s leading level.

Looking to the future, the goal is to be technology-based, to achieve continuous optimization of supply chain efficiency and experience, and to create a more accurate, faster and better intelligent supply chain. At present, JD.com has achieved a world-class turnover of 31.2 days. It is changing from a global leader to the leader of “no man’s land”. In the future, it will become an explorer of technological boundaries. Through continuous technological breakthroughs, JD.com will drive the intelligentization of JD.com. The technological change of the social supply chain supports the implementation of the national “new infrastructure” strategy.

Vice President of Jingdong Group and Head of Y Business Department of Jingdong Retail Intelligent Supply Chain?Liu Xiaoen

Integrated supply chain, super 200 City delivery in minutes

The integrated supply chain also played a strong role in this JD 618, helping over 200 cities across the country to achieve “minute-level distribution”. Wei Haixing, a senior expert in the JD Logistics Strategy and Innovation Business Department, said, “JD Logistics has built an integrated supply chain through automation, digital, and intelligent means to become the “stabilizer” for the efficient and stable operation of JD 618 this year. On the one hand, it is fully committed to ensuring the entire Home delivery, over 200 cities within minutes, on the other hand, customer demand-oriented, give full play to the potential of technology-driven integrated supply chain, and provide strong support for the majority of merchants to fully respond to JD 618. We follow demand scenarios and product characteristics The supply chain is subdivided in dimensions such as, expected value, etc., to optimize the balance between warehouses, reduce secondary and tertiary allocations, and make circulation more direct and efficient. “At the same time, as the largest intelligent warehouse group in the Asian e-commerce logistics field, there are 32 Asian warehouses. The new generation of smart express vehicles has achieved large-scale operations in multiple cities, and has become a strong guarantee for consumers to enjoy “minute-level delivery”.

Senior expert of JD Logistics Strategy and Innovation Business Department?Wei Haixing

JD Cloud: JD 618 Technology cornerstone

In fact, the large-scale implementation of the ten major technology application trends in JD 618 is inseparable from the strong guarantee and escort of JD Cloud. As the technical cornerstone behind JD 618, 100% of JD 618 shopping festival orders are completed on the cloud, JD Logistics, JD Finance, etc. have all been put on the cloud, JD Cloud steadily supports the 618 traffic peak with ultra-high flexibility. Data shows that JD 618 has a good start. In the early morning of the same day, the peak QPS of JD Cloud’s visits increased by 223% compared with the same period last year, the bandwidth of visits increased by 140%, and the real-time data analysis reached 3 trillion. Cao Peng, Vice President of JD Group and Head of JD Cloud Product R&D of JD.com, mentioned that in 618, in 2021, the hybrid cloud operating system JDOS (JDOS) unified computing resource base will achieve 10 million nuclear calculations. The flexible scheduling and management of resources allows limited computing resources to be seamlessly switched between different tasks, and is used to the extreme. With the stable support of cloud-native technology, the platform realizes rapid, flexible and smooth expansion of resources. Based on rich resources such as high-performance SDN control, TB-level dedicated line access, intelligent traffic scheduling, and high-concurrency database access, JD Cloud can more calmly deal with 618 high-concurrency and high-traffic scenarios, and through a three-dimensional unified security operation center and integration The DDoS protection system fully escorts 618 security. In addition, JD Cloud also actively implements the dual-carbon goal. While driving the growth of thousands of new products by more than 100%, it has achieved a 30% reduction in unit order resource costs and a 5% reduction in carbon emissions year-on-year.

Cao Peng, Vice President of JD Group and Head of JD Cloud Product Development of JD Technology

JD 618, under the ten major technology application trends, has formed the same frequency resonance on the consumer side and the industry side. The physical industry and the digital-intelligence society supply chain are integrated and developed, and the consumption and environment are harmonious and friendly, which not only brings consumers The best shopping experience also brings the most efficient growth and creates more social value to partners such as brand merchants.

Source: Financial World Network

JD Cloud released 618 ten major technology application trends for the first time

On June 15, Dr. Mei Tao, Vice President of JD Group and IEEE & IAPR Fellow, released the top ten technology application trends of JD Cloud 618, covering C2M reverse customization and intelligent customer service that understand users better; and multi-modal content generation of products. Anti-counterfeiting traceability with blockchain; intelligent supply chain decision-making, integrated supply chain and virtual digital people that understand more scenarios; and stronger infrastructure guarantees, namely, a privacy computing platform that supports ultra-large-scale data integration, and cloud-based hybrid digital Infrastructure and liquid-cooled data centers.

Ponton: In fact, the large-scale implementation of the ten major technology application trends on JD 618 is inseparable from the guarantee and escort of JD Cloud. It is foreseeable that JD 618, under the ten major technology application trends, will form the same frequency resonance on the consumer side and the industry side. The integration and development of the physical industry and the digital and intelligent society supply chain will not only bring consumers a new shopping experience. Experience can also bring efficiency growth far beyond expectations to brand merchants and others.

IFLYTEK: iFLYTEK’s current open platform is mainly related to digital advertising business

HKUST Xunfei stated on the investor interaction platform that Xunfei’s open platform provides core AI capabilities to the entire industry, focusing on the strategy of free + support, basic capabilities are free, and charges for personalized customized services that other companies cannot do. At present, the relevant income is mainly digital advertising business.

Howie: Because it is similar to BAT’s existing business, it is difficult for Xunfei to sell open platforms based on voice technology as PaaS and SaaS. Of course, this is also related to Xunfei’s headquarters in Hefei. Coincidentally, the advertising business as the main source of income at this stage is quite a bit of Tencent’s return to the to B business when it turns to the industrial Internet, or it implies that the way out is self-evident.

Netflix series with Spotify as the background will be launched in 2022

Video streaming platform Netflix announced that it will shoot a series based on the stories of audio streaming platform Spotify and its two founders Daniel Ek and Martin Lorentzon… The plot revolves around how a small Swedish company from Sweden became a global leader This series is expected to go online in 2022.

cheese: This kind of pseudo-documentary of Internet entrepreneurship, in the present when the contradictions of various companies are less and less on the table, may not be able to surpass “Social Network”, of course, this is also related to the dramatic experience of the founder. But what is interesting is that, as the leader of video streaming media, Netflix invests in filming the entrepreneurial history of the leader of audio streaming media, which is quite sympathetic.

Sun Shu, CEO of Didi Car-hailing: Trial morning rush carpooling in some cities with zero commission

#sound#

Sun Shu, CEO of Didi car-hailing, issued an open letter in response to the problem of Didi carpooling, and announced the pricing rules in the carpool scenario. Sun Shu also said that starting from June 14th, Didi will try out the “Morning Peak Zero Commission” plan from 7 am to 10 am on working days in cities such as Taiyuan, Nanjing, Yantai, and Shaoxing, and it will gradually cover the whole country.

[If you have news clues, welcome to report to us, once adopted, there will be a fee for remuneration. News report WeChat follow: ihxdsb, report QQ: 3386405712]

Edit | Yin Lina

On June 15th, a media salon with the theme of “Decoding JD 618: JD Cloud Releases Top Ten Technology Application Trends” was held in JD. This is also the first time that JD Group has integrated cloud, retail, and logistics multi-party 618 technical teams to jointly decode JD 618. Technical connotation.

Dr. Mei Tao, Vice President of JD Group and IEEE & IAPR Fellow, released the top ten technology application trends of JD Cloud 618 on the spot, including: better understanding of users’ C2M reverse customization and intelligent customer service; better understanding of product multi-modal content generation and blocks Chain anti-counterfeiting traceability; intelligent supply chain decision-making that understands more scenarios, integrated supply chain and virtual digital humans, and stronger infrastructure guarantees, namely, a privacy computing platform that supports ultra-large-scale data fusion, a cloud-native hybrid digital infrastructure and liquid Cold data center, etc.

Among the ten major technology application trends, the most worth mentioning is that JD’s intelligent supply chain decision-making has created a world-class “Inventory Turnover Days Down to 31.2 Days” through intelligent operation, warehouse network optimization, omni-channel performance, and C2M reverse customization. Record.

According to Liu Xiaoen, vice president of JD.com and head of JD’s retail intelligent supply chain Y business department, behind JD’s 31.2-day turnaround is faced with great challenges, which are mainly derived from four aspects: massive amounts of goods, complex warehousing and distribution Online, online and offline multi-scenario retail model, and matching with the supply and demand of a large number of upstream suppliers. Costco, a global retail giant known for its operational efficiency, has its latest inventory turnover days of 30.9 days, but it manages only a few thousand SKUs, while JD.com has millions of SKUs and more than 1000 warehouses, with a turnover of 31.2 days in all categories. Under the self-operated mode, it is already at the world’s leading level.

In addition, the integrated supply chain will also play a role in this JD 618, helping over 200 cities across the country to achieve “minute-level distribution.”

Wei Haixing, a senior expert in the JD Logistics Strategy and Innovation Business Department, said, “JD Logistics has built an integrated supply chain through automation, digital, and intelligent means to become the “stabilizer” for the efficient and stable operation of JD 618 this year. On the one hand, it is fully committed to guaranteeing the whole country. Home delivery, over 200 cities within minutes, on the other hand, customer demand-oriented, give full play to the technology-driven integrated supply chain potential, and provide support for the majority of merchants to fully respond to JD 618. We follow demand scenarios, product characteristics, The expected value and other dimensions of the supply chain are subdivided, the balance between warehouses is optimized, the second and third transfers are reduced, and the circulation is more direct and efficient. At the same time, as the largest intelligent warehouse group in the Asian e-commerce logistics field, it has 32 Asian No. With an innovative record, the new generation of smart express vehicles has achieved large-scale operations in multiple cities, becoming a strong guarantee for consumers to enjoy “minute-level delivery”.”

Behind all these technological developments is the support of JD Cloud. It is understood that 100% of JD 618 shopping festival orders have been completed on the cloud, and JD Logistics and JD Finance have all been completed on the cloud.

Data shows that in the early morning of the day when Jingdong 618 opened, the peak QPS of Jingdong Cloud’s visits increased by 223% compared with the same period last year, the bandwidth of visits increased by 140%, and the total real-time data analysis reached 3 trillion.

Cao Peng, Vice President of JD Group and Head of JD Cloud Product R&D of JD.com, mentioned that in 618, in 2021, the hybrid cloud operating system JDOS (JDOS) unified computing resource base will achieve 10 million nuclear calculations. Flexible scheduling and management of resources. Based on high-performance SDN control, TB-level dedicated line access, intelligent traffic scheduling, high-concurrency database access and other rich resources, JD Cloud can more calmly deal with the 618 high-concurrency and high-traffic scenarios, and through the three-dimensional unified security operation center and integration Integrated DDoS protection system.

In addition, JD Cloud is also actively implementing the dual-carbon goal. While driving the growth of thousands of new categories by more than 100%, it has achieved a 30% reduction in resource costs per order and a 5% reduction in carbon emissions year-on-year.

The following is a detailed explanation of the top ten technology application trends of JD Cloud:

Whether it’s the elegance and familiarity that women in the workplace like,

Still the high street fashion pursued by avant-garde women,

Among domestic designer brands,

You can find unique styles.

Nowadays, domestic brands not only do not lose the big names in quality, but also have more diverse design styles. In the context of the rise of the national tide, Mr. Robb has selected some national tide brands that have a sense of design and high quality at the same time. In this issue, let us take a look at those national tide forces that do not lose the big names.

All-match real wear

Usually, most of the foreign brands we see, whether it is high street or high-end, are based on European and American figures. Domestic designer brands are closer to the Asian figure in style, so they are more practical.

In particular, some designer brands that pay attention to the degree of wearability retain the sense of design in the series, but at the same time it does not look too grand and exaggerated.

REINEREN is a personal brand founded by designer Ren Qian in 2012. It is influenced by the classic style of French women. The brand’s design concept is mainly “new elegance”. The overall design style is more suitable for the “new French style” of Chinese women. The single product is simple and attractive and has a sense of design.

REINEREN will have a specific theme every season, and the single products launched are not only in real wear but also in recognizable details. For example, the latest season used wild animal pattern elements, but combined with a more neat and casual silhouette, after putting on the body, it will not be too sexy and exaggerated.

Many designer brands like to take Lookbook as a pioneer, with outstanding visual effects but no reference. However, almost every set of REINEREN’s Lookbook can be copied, especially suits, which are especially suitable for independent working women with taste.

Wearing REINEREN as a set has a sense of sight of a big woman with full aura, so many celebrities and bloggers often wear REINEREN’s Total Look during shooting.

Deepmoss is one of the most worn brands among domestic designer brands. This brand, founded in 2013, has attracted more and more attention in recent years. The design is simple and elegant with Chinese style. It is very suitable for light mature women who like to wear low-key and comfortable clothes while pursuing texture.

The most distinctive and popular brand of the brand is the Mizusawa series. The fabrics are very distinctive, inspired by the shape of water, presenting a sparkling texture.

Deepmoss often uses clever waist waist design on the silhouette. For Asian women whose waistline is not obvious, the upper body is not only thin, but also looks very light and straight.

Generally speaking, the design style of Deepmoss is not particularly exaggerated in daily wear, but the details are very design. Even if you attend some formal occasions, you will not be rude. Zhang Liangying and Yu Kewei have worn many Deepmoss costumes.

New style

Many people choose domestic designer brands to fancy national style design, and now there are many domestic designers who are good at reinterpreting national style elements with more modern design language.

The designer of Samuel Gui Yang, Yang Guidong, likes to express traditional Chinese style in more obscure language. In Samuel Gui Yang’s design, you can see common Chinese elements such as buckles, embroidery, and oriental flowers, but their use is very restrained, combined with a more simple and modern silhouette, and the overall look is charming. Also fashionable, not too “the most dazzling national style.”

In addition to the common Chinese elements, Samuel Gui Yang also used ethnic costume details such as flat-sleeved designs, Chinese stand-up collars, woven pendants, etc., to truly retain the craftsmanship of traditional costumes, instead of blindly improving Westernization.

The brand’s new products are inspired by the styles of Hong Kong stars in the 70s and 80s. They don’t need too many Chinese elements. They only use bright Chinese colors and unique silhouettes to present the charm of a new-style oriental woman.

Generally speaking, Samuel Gui Yang is especially suitable for temperament women who like Chinese design. Whether they are young girls or mature women, they have a gentle and mysterious oriental charm after wearing them.

If Samuel Gui Yang’s national style is strong and full of charm, Ms Min’s new national style is even cooler. The designer Liu Min is good at blending traditional Chinese elements into contemporary fashion in a silent and moisturizing way, and has both modern and traditional beauty.

The three themes at the core of the brand design are “Qiyun, Rhythm, and Silhouette”. The colors are elegant and distant, and the silhouette is comfortable and casual. After wearing it, it can present a texture that merges with the body.

Unique tailoring is the biggest feature of Ms Min. The designer finds a good balance between Eastern and Western tailoring, so that the clothes should look tall and straight, but also have a sense of space.

In addition to women’s clothing, the men’s clothing launched by Ms Min also embodies this new Chinese style full of Zen. The blockbuster filmed by Deng Chao for the brand’s XIAN SHENG series appropriately reflects this modest, polite and gentle Chinese gentleman. temperament.

Vintage court

In recent years, the retro trend has swept the fashion circle again. Although the retro-style design is generally Western-style, some Chinese designer brands have also made retro-style clothing that is more suitable for Chinese people.

Ming Ma is a personal brand of the same name founded by designer Ma Ming who graduated from Central Saint Martins Design Institute. Although it has only been established for about three years, it has become the first choice for many celebrities and fashion bloggers to attend events.

The brand’s design style is very recognizable. The designer especially likes to use puff sleeves, floral embroidery and other palace elements. The colors are also very light and lively. The overall style is romantic and girly, especially good at producing all kinds of fairy skirts.

In addition to light dresses suitable for party gatherings, Ming Ma also has many designs that can be worn daily. For example, like Song Qian, you can use a court-style jacket with casual jeans, which is playful and casual.

SHUSHU/TONG was established by two post-90s designers Jiang Yutong and Lei Liushu. The two had interned in independent designer brands Simone Rocha and Gareth Pugh. Therefore, in the design of SHUSHU/TONG, you can see the three-dimensional profile of Gareth Pugh. Shape, with the sweet court of Simone Rocha.

The sweet “cool girl” with a public personality is a representative image of SHUSHU/TONG. Designers like to use girly elements such as lace and bows. At the same time, the three-dimensional profile shape brings sweet but not greasy coolness.

Although the overall style is more girlish, SHUSHU/TONG can also mix and match mature and noble styles. For example, Song Yanfei mixes and mixes skirts with palace-style tops to create a retro look of domineering imperial sister.

Avant-garde trend

In recent years, there have been more and more national fashion brands focusing on street style, and the price range of clothing is wide. In this issue, we focus on recommending two designer brands that have brand characteristics, do not follow the trend, and have a sense of design.

Calvin Luo is a brand of the same name founded by designer Luo Yucheng in 2014. The design is very close to the international trend. He is especially good at using deconstruction style. Through the splicing and asymmetric design of different fabrics, common items become more avant-garde and fashionable.

For example, the asymmetrical off-shoulder knit top worn by Victoria Song and Zhang Shaohan, the asymmetrical design is just right to expose the skin, making the overall look lighter and feminine.

The most popular items of the brand are suit jackets and skirts. After the plain suits are added to the asymmetrical deconstruction design, they look younger and more street-like, and Calvin Luo likes to use the “X” profile to improve the details of the waist curve and make the figure fit. It looks more upright and tall, so it is especially popular with female stars.

Calvin Luo’s menswear line has become more and more popular recently, and boys in deconstructed suits are also extraordinarily handsome and stylish. Popular idols such as Zhang Yixing and Cai Xukun wore Calvin Luo’s men’s suits.

SMFK was established in 2016. The brand name is composed of the first and last letters of the English names of the founders Sam (Ren Yi) and Frank (Liu Yuchen). It is the most popular national trend brand. It became an instant hit at the beginning of its establishment. It has been a veritable “explosive model maker” since its establishment more than four years ago. Many young idols often wear SMFK in their private clothing essential items.

SMFK’s design style is generally on the sports fashion route. It is good at incorporating street sports styles into basic clothes, which is very in line with the current Athflow trend.

SMFK is different from some national fashion brands who only like to make a fuss about printing, and put a lot of energy on the layout and tailoring. Many of the products are of one-size-fits-all, which looks good on the upper body without being too exaggerated. It is very suitable for young people who like street style but don’t want to wear big brands.

After reading the content of this issue,

Do you have a new understanding of domestic brands?

I hope that while you have more choices,

You can also pay more attention to domestic brands in shopping,

Letting support for domestic products is no longer just a slogan.

Text / EVA

Figure/ Brand, Network,

Weibo (copyright belongs to the author)

Edit/carl

New Media Executive/JESSICA

Editor in charge / LENNY

Meanwhile, unvaccinated people are unlikely to be ready for travel. Up to 48% of survey respondents said they would wait to receive at least one dose of the vaccine before thinking about going out. Only 19% of unvaccinated people have booked an upcoming holiday. Illustration. Vaccination helps tourists feel more confident in their travel experiences. 41% of vaccinated people said they feel more secure when dining indoors, 32% feel more confident when visiting an urban center, 25% feel more confident when visiting a museum, and 23 % more peace of mind when visiting an amusement park. Notably, vaccinated people tend to spend more on travel and take longer vacations. 30% of vaccinated people plan to travel longer than pre-pandemic trips, compared with 22% overall. In addition, 35% of vaccinated travelers are willing to spend more on their next trip, while only 20% of unvaccinated travelers will do so. The widespread vaccination has helped increase demand for travel and hotel bookings in many countries. According to TripAdvisor statistics, the number of hotel and restaurant searches in the US in May reached the highest level since the outbreak of the pandemic. Demand in the UK, Spain, Italy, Germany and France also saw significant growth. According to the survey, domestic travel is chosen by many people for this summer, while overseas trips are being planned at the end of the year. 75% of global June holiday searches are for domestic destinations, with 67% for July and 62% for August. The number of room searches at foreign hotels is increasing for the period after November this year.

According to the South China Morning Post, the epidemic in 2020 has significantly affected the skin care habits of beauty believers around the world. Self-care practices become popular. Many people create their own mask recipes, skin care to enjoy the feeling of relaxation at home. Makeup trends to adapt to wearing masks are promoted. In addition, searches for “how to cut your own hair” also increased dramatically last year when a series of hair salons closed. Photo: @laneige_kr. 1. Enhance the natural look: If 2020 is the year the DIY beauty trend explodes, 2021 will emphasize slow beauty. The trend of “skinimalism” (skin + mnimalism) – minimalist beauty has flourished amid the pandemic. Many people avoid heavy makeup and meticulous steps. High-coverage foundation, anti-slip lipstick does not bring many benefits because it is hidden behind a mask. The trend towards natural beauty is expected to continue to grow this year. Photo: @missha.official. 2. Eye makeup is crowned: Many people find ways to make their eyes stand out when wearing masks. Mascara, waterproof eyeliner is expected to have more color gamut. In addition, eyelash serums are also gradually becoming popular because many people are having to interrupt eyelash extensions and eyelash extensions due to the influence of the epidemic. Photo: Semenichause. 3. More anti-aging: Cosmetic brands are paying attention to beauty ingredients that help take care of the skin effectively, while at the same time being environmentally friendly. Some of the emerging ingredients include bakuchiol (found in the leaves and seeds of psoralea corylifolia from India) that reduces the appearance of wrinkles, copper peptides that help heal damage, and antioxidant soybean extracts. , overcoming sagging skin… Photo: Getty. 4. Putting beneficial bacteria into cosmetics: Skin care based on probiotics is increasingly popular. Active ingredients produced during fermentation appear on the ingredient lists of many beauty products. According to Allure, there are many bacteria that live naturally on the skin. They fight infection, block environmental damage, regulate pH, keep skin plump… Associate clinical professor of dermatology at the Icahan School of Medicine in New York (USA) – Whitney Bowe – said : “The more beneficial bacteria on the skin, the stronger the skin barrier and the less prone to dryness, inflammation, itching and stinging.” Photo: MyMicrobiome. 5. Beauty at home: Searches for beauty equipment, home beauty tools have increased sharply in the past year and there is no sign of stopping. Grooming, manicure, brow trimming, skin care at home is all more informative about the process than it was a few years ago. Photo: The City Sidewalks. 6. Scalp Care: The health of the hair is not only determined by the ends of the hair, the scalp also plays an equally important role. Many brands are jumping into the race to create shampoos, serums, masks, and creams specifically for the scalp. Photo: Getty.

Vogue Some of the swimwear styles will be trending this summer. Wool bikinis was one of the popular fads in 2017. This year, it’s back with a colorful, nostalgic version. Image: @davikah . The world fashion village welcomes the return of many classic trends. Among them, crafts are interested. This trend appears a lot in casual wear, accessories and even swimwear. Some famous fashion houses like Tom Ford, Cult Gaia are actively promoting knitted swimsuits. Photo: Vogue. Iridescent swimwear appeared on Vogue in 2011. By 2021, the bikini model is brought back by fashion houses with classic colors such as gold, silver or pastel tones. Image: @toctien1305, Sara Cristina Marina . Depending on their preferences, women can choose from one-piece or two-piece designs. Besides the same color sets, many fashionistas choose to wear different shirts and pants to create a unique look. Photo: Vogue. One of the swimwear trends that never go out of style is printed bikini . Depending on the period, the patterns will change. Summer 2021, the popular colorful design series returns. Image: Vogue . There are many two-piece bikini shapes such as strapless tops, square necks… for everyone to choose from. Meanwhile, you can add accessories such as hats or scarves to increase the overall style. Photo: @quynhanhshyn_, @toctien1305. Samples Swimwear in romantic, classic style from the 50s covered on e-commerce site. Parallel to the vintage trend, the classic swimwear makes a strong comeback. Image: Vogue . Women can try designs with a strapless top or a two-piece with a classic hemline. Besides, swimwear patterns printed with baby flowers and stripes bring cuteness to the wearer. Photo: Tory Burch Lipsi, @salimhwg. Besides the stylish designs, the dynamism and convenience of sports swimwear appear as youthful highlights. Designs to help women move freely. Besides, the long-sleeve shape supports sun protection. To match their personal style, fashionistas can consider floral prints or combine multi-colored swimwear. Besides, the one-piece shape is more popular when it comes to hiding body defects. Image: Sure Magazine .

1. Date of birth tattoo: Patrick Belk – tattoo artist and founder of Tattoo Influence – told Insider Popular tattoo trends in 2021 are related to birthdays. “Birthday is a symbol to honor a cherished friend or close family member,” he said. For added flair, people might consider converting dates to a series of Roman numerals, dots, or lines. Image: Tattoosboygirl, IdeasDonuts. 2. Hand tattoo: Nick “The Tailor” Solomon – tattoo artist – shared with Insider Tattoos done with non-electric needles are popular. He advises people to only apply this form from an experienced specialist to reduce the risk of infection or blood-borne disease. Image: Insiders. 3. Spiritual symbols: Tattoos that represent a person’s religion or spirituality are not a new trend but are prominent this year. Spiritual designs include mandala, sacred words, cross, and star. For those who don’t like permanent tattoos, henna or temporary ink can be alternatives. Image: Tattoo Image Collection, Ourmindfullife. 4. Nature symbols: Designs that celebrate nature and the outdoors are expected in 2021. Belk says: “After a year of travel restrictions due to the pandemic, many people can find new appreciation and love for their loved ones. with outdoor activities.” Photo: Body Art Guru, Thetatt. 5. Traditional tattoo: Tattoo artist Gianna Caranfa told Insider Traditional designs will continue to be popular in 2021. “Traditional-style tattoos have always been an important element of body marking. These designs often feature bold lines with shadows and patches of light mixed in,” she said. Image: Tattoofilter, Tattoolist. 6. Easy-to-see tattoo position: More and more people are asking tattooists to design patterns on prominent places such as hands, fingers and even the face. “Tattoos are gaining social acceptance, and fewer and fewer people are looking to hide them in places covered by clothing,” says Caranfa. Image: Koreaboo, Elcune. 7. Family tattoo: “I predict we’ll see more tattoos featuring the faces of family and friends in 2021 as people become grateful for their loved ones,” Belk said. If you don’t want to capture the actual face, you can choose a silhouette or portrait with minimal lines instead. Image: Wiki Tattoo, Novocom. 8. Chest tattoo: For those who like the idea of ​​a large tattoo but still want to hide it, a chest tattoo can be a good choice. “Breast tattoos are popular in 2020 and continue to go strong, including tattoos on collarbones or ornate designs under the breasts,” says Caranfa. Image: DIYCrafts, Tattoosboygirls. 9. Tribal style tattoo Using lines and dark spaces to create bold designs, popular since the 1990s but showing no signs of disappearing today. These designs are often inspired by traditional Polynesian and South American tattoo art. Therefore, you need to pay attention to carefully study tattoos because some have sacred meanings to the culture of that country. Image: Medium, Inkprofy. 10. Minimalist Tattoos With simple and delicate lines, there are no signs of going out of fashion this year. Minimalist designs are suitable for people who are worried about the pain of tattooing because they do not take much time to sketch on the body. Image: Viraltattoo, Menshairstylesnow. King and queen tattoos for couples Beautiful tattoos help create a bond between you and your lover.

Fashion houses Blumarine, Christian Dior and Dolce & Gabbana (from left to right) bring Crochet to the runway for Summer 2021. (Photo: Gorunway) While the COVID-19 pandemic raged everywhere, handmade and homemade fashion received much attention from young people both in Vietnam and around the world. In particular, colorful Crochet (knitting, crochet) items are becoming tendency of this summer. This fashion trend quickly became the inspiration for the collections of many famous fashion houses on international and domestic catwalks. Crochet “storms” around the world… Crochet or knitwear, crochet is taking the fashion world by storm. Initially, crochet was seen as a cheap substitute for lace, considered a valuable “make and fix” technique during the Second World War. However, by the 1960s, it had taken on a life of its own and was once known as “granny fashion.” Until the 70s, knitting and crocheting became the new hobby of hippie women. They like a comfortable yet sexy style and color so square/circle crochet tops become trendy. Kate Spade New York brings childhood inspiration into crochet designs in candy colors. Crochet is the simplest way to refresh a fashion lover’s wardrobe without much effort. Because just a few highlights for the outfit through layering or adding crochet accessories, such as adding a wool bag, for example, the old outfit will immediately come back to life. Knitting outfits and accessories also bring to the summer wardrobe of modern girls a free and fresh breath. From simple, monochromatic designs to bold and striking patterns. The year 2021 marks the return of a series of nostalgic trends and is promoted by big designers on fashion catwalks. Crochet also appears in many collection From Fendi to Valentino to Gucci… Gucci’s creative director Alessandro Michele is a huge fan of retro fashion (a shortened term for “Retrospective,” meaning retro, nostalgic). With his backing, flared jeans, corduroy, and crochet crochet are back in vogue. A crochet dress from Valentino’s summer 2021 collection. Fendi also debuted Crochet designs in its Spring/Summer 2021 show with sheer and crochet layering tactics. Monochrome designs with unique silhouettes bring both elegance and improvisation to the fabric. Not only with clothes, the trend of crochet is also spreading to accessories and typically bags and hats with a variety of designs and colors. More unique, designers also use this technique to apply this technique to small and beautiful accessories such as earrings, necklaces, belts to create accents for the outfit. Vietnamese stylists are also not out of the “whirlpool”. Fashion has been around for decades. Therefore, by the summer of this year, the Crochet trend has returned and is enthusiastically promoted by VBiz. Leading this trend can be mentioned as Ho Ngoc Ha, Thanh Hang, Tang Thanh Ha, Ninh Duong Lan Ngoc, Chau Bui… Thanh Hang wears a super sexy crochet shirt. The semi-closed and half-open style with crocheted wool is very popular with Vietnamese stars because it helps to enhance the sexy, liberal but still youthful look, so most choose Crochet for street fashion or wear to the beach instead of bikini. . When imported to Vietnam, most of the stars often wear Crochet costumes with elegant and elegant colors such as beige, cream, brown… The advantage of this material and color is that it gives people an inferiority complex. feeling airy, free, comfortable, youthful and environmentally friendly. If you are wondering how to coordinate, the idea of ​​​​wearing a set of clothes or a dress is the simplest. As young actor Chau Bui shows his personality and is somewhat cute when combining a long Crochet dress with simple black accessories from bags to boots. The soft fabric of the dress softened the clunky look of the laced boots. Chau Bui with a modern style of mixing clothes. The “tone sur tone” set is simply a T-shirt and the highlight is the crocheted wool skirt of “screen pearl” Tang Thanh Ha is also an interesting combination. For an impressive Crochet outfit, a crochet crop top can be combined with tight jeans or a jumpsuit; wear a crochet dress or cardigan with neutral sandals or heels and delicate jewelry… The layout of Tang Thanh Ha. In fact, crochet clothing and accessories can fit into almost any wardrobe, no matter what the rest of your style. If you have skillful hands, you can also create your own unique items from this material. Singer Dong Nhi is young with a lace shirt and baggy pants. Not only appearing on the street following the stars, Crochet suits also become inspiration for Vietnamese fashion houses to create their new collections. This year, some Vietnamese designers such as Nguyen Cong Tri, Le Thanh Hoa also did not hesitate to promote this material in their Spring-Summer 2021 collections. Perhaps the return of Crochet is also a way for us to protect the environment when reusing and giving old clothes a “new life.” Therefore, it can also be said that Crochet is not only a trend of the moment but a rediscovery of the past, taking us back to a playful world of bright colors. A design by Nguyen Cong Tri. Creative and rebellious in design by Nguyen Cong Tri. The soaring and feminine design of designer Le Thanh Hoa is accentuated by a crochet bag in the same color as the skirt.

Many countries require visitors to have enough Covid-19 vaccinations. Photo: Getty The Covid-19 vaccine will be the deciding factor for travel. Vaccinated people will have more options to travel or visit family and friends abroad. Some countries only accept fully vaccinated international travelers, so you’ll have to recalculate your destination and trip if you haven’t been vaccinated. Some destinations in Hawaii, Mexico or the Caribbean are seeing a rapid increase in tourists who have been vaccinated against Covid-19 and are ready to go. Roadtrip Trends Self-driving car trips have become increasingly popular after the Covid-19 pandemic. Self-driving travel continues to be one of the most popular types of travel this summer. When traveling by air requires many regulations; Along with the inconvenient entry and exit procedures, many people choose to travel domestically and explore new destinations in the country by self-driving cars. Self-driving is also suitable for families with children, because many young people have not been fully vaccinated against Covid-19 vaccine. Everyone is safe in their own cars, ensuring social distancing while still having enjoyable travel experiences. Prioritize outdoor activities Visitors explore En cave in Quang Binh. Outdoor activities, exploring nature will certainly become more and more popular in the coming time. Adventure tourism is booming in many countries, including Vietnam. Travelers now crave new adventures and experiences, such as outdoor camping, mountain climbing, boating or caving. Luxury stay Tourists choose high-class resorts to stay in isolation and privacy. Photo: Getty It is still too early to go to crowded places, dream destinations or travel around the world. Many people will choose to “hide” in high-class, isolated and private resorts. Luxury resorts provide all amenities so visitors avoid having to move and interact with many people. Many resorts also offer great outdoor activities and experiences. Thorough plans Travel plans will need to be more detailed and thorough after Covid-19. Photo: Pexels Surely last-minute travel decisions will no longer be common. As the pandemic continues, travelers will have to prepare more and longer for their outing plans, such as anticipating the disease situation, safety protocols and quarantine regulations at the destination. . Travelers will need more advice and support from travel agents and ticket offices, such as health and safety regulations, testing centers, refund policies for airline tickets and hotel rooms. Covid-19 insurance Covid-19 insurance for travel is increasingly interested. Photo: Getty When international travel resumes this summer, travelers will certainly be wiser and take care of their own protection. Many people have added provisions in the policy and insurance of the trip, not only to prevent risks to their health but also their pocket. Buying insurance covering the cost of Covid-19 and trip cancellation will be a popular trend in the near future. Some destinations and travel agencies will even require travelers to have Covid-19 insurance. Private car rental trend Car rental services will flourish in the near future. Photo: Getty A shortage of rental cars will occur in many tourist destinations, as demand increases when tourists want to be proactive and avoid crowded public transport. Meanwhile, suppliers have had to sell part of their fleets to survive the pandemic. Therefore, travel plans need to consider car rental, as well as the distance between accommodation and attractions, entertainment, and dining. Status of “room fire” Famous places will have a “room fire” situation during the peak tourist season. Photo: Getty Covid-19 does not mean that hotels always have excess rooms, especially during the peak tourist season. During pandemic outbreaks, many people don’t cancel reservations, but push them back at an appropriate time, such as this summer. Famous places are likely to have a “burn out” situation, because many tourists have to wait too long to travel. Plan ahead and plan many options to book the right accommodation for this summer.

Kitchen interior details such as microwave handles, refrigerators… made from stainless steel can look shiny and shiny through photos. However, when going into daily use, dirt tends to accumulate very quickly on metal surfaces. It is easy to save stains, grease from the user’s hands. Therefore, it is recommended to choose metal products with matte colors. The pallet bed has a special style and is environmentally friendly, and the price is also quite reasonable. However, untreated pallet wood will be quite porous and an ideal place to store dust, bacteria… In addition, before being recycled to make beds, tables and chairs…, pallet wood may have been contaminated with toxic substances because it is used for many different purposes. Instead of a pallet bed, buy a regular wooden bed at a reasonable price in the market. Clothes racks are a popular interior trend chosen by many families. Shelves can be unsightly, look messy when you have no control over the amount of clothes you have, and it’s not easy to keep the room tidy. Many families choose projectors instead of televisions because they give the feeling that you are watching a movie in a theater. However, the projector needs a large, flat, and bright wall; at the same time you can’t see during the day because of too much light… The kitchen interior is completely black to make the space more luxurious. In fact, black requires special hygiene care. Therefore, you should choose a color with light or neutral tones to be safer. Interior designers often try to arrange furniture in the room in the most convenient way. They use a small sink with a high faucet to create comfort when washing large utensils. However, high faucets can cause water to flow and collect on surrounding surfaces. Rustic brick walls can create accents for the interior but are not necessarily the ideal solution. They have a porous structure, which can contribute to the appearance of mold. Thanks to its structure, the wall becomes a dirt magnet. Use ordinary walls so that you don’t spend a lot of time cleaning and cleaning. Many people love the design trend of installing shelves above the kitchen cabinets. However, the surface accumulates a lot of dust, which makes it take a long time to clean utensils when needed. Image source: Brightside Video: Students rent cheap accommodation in villas. Source: VTV24

Modern Blazers: Wide Form Lisa is definitely the member who loves blazer the most in BLACKPINK. A jacket blazer always the first choice. For many brands, it is a staple. As for fashionistas blazer endless passion. No matter how much you buy, it’s not enough! Fit jeans Jeans are a miracle whose power never goes out of fashion! There’s nothing better than a pair of jeans and a shirt with the sleeves rolled up. Converse shoes A shoe cabinet without a pair of these is really lacking! Legendary and never out of date. Never slip trend . Trench Coats: Everyone needs at least one long coat! Lisa’s coat collection is enviable! Long coats are always classic and timeless. Gold metallic accessories Accessories don’t need much, just right. Horizontal brim hat A hat like this is something you definitely have to find and buy. A hat like this is something you definitely have to find and buy. No matter how many trends big and small, it still trend never out of date. Dark-rimmed glasses For people who love sunglasses, this is definitely not to be missed. For people who love sunglasses, this is definitely not to be missed. It has even become a signature style fashionista .

The long holidays have brought opportunities for Vietnamese beauties to enjoy interesting trips. Thanks to that, the beauties have the opportunity to “unfold” their brilliant dresses, promote a series of flying items such as maxi dresses, shorts or short skirts. with unique accessories, created many impressive outfit combos. Not only showing the trendy style, the interesting mixes of Vietnamese stars are also ideal openings for the trends street style brilliant, full of summer atmosphere. Ho Ngoc Ha stands out in a corner of Hoi An ancient town with a bright orange maxi dress. The beauty combines a sedge hat and a sedge basket, creating an “expensive” highlight with Chanel’s strappy sandals. Also choosing maxi, Thanh Hang favors off-shoulder design with feminine polka dots. Super model mixes dress with square heel sandals, both dynamic and graceful. Thuy Anh showed off her charming figure in an eye-catching yellow dress. No need for sophisticated accessories, the monochromatic strapless dress still highlights the actress’s advantage. For a beach vacation, Hanh Sino chose a maxi with a deep neck cut, revealing her indifferent bust. With sunny and windy weather, she also cleverly mixes wide-brimmed hats, creating the perfect addition of outfits. Cao Thai Ha is sweet in a white dress with puffy sleeves, with waist details to flatter her slim figure. The beauty of the movie “Kieu” elevates her outfit with a Gucci bag, combined with Dior’s strap sandals. Discarding her thorny, strong look, Vo Hoang Yen turned into a gentle muse in a pure white outfit, “spreading” her lovely skirt. Van Mai Huong “hid her figure” in a wide pink dress, dotted with a stylish bucket bag. A brown t-shirt with a mesh skirt, combined with sedge sandals and a matching handbag, helps Tang Thanh Ha exude elegance without being too ostentatious. Ky Duyen showed a fashion sense worthy of a fashionista with a variation of a white T-shirt. Miss mixed wide items with short skirts and thigh-high boots, confidently showing off her chic and stylish spirit. Over-the-knee boots are also “treasures” requisitioned by Diep Lam Anh while on vacation. She mixed the suede design with a white T-shirt and a short skirt, dotted with a bag, a youthful sedge hat. Minh Trieu scored with a combo of colorful shorts and fancy cut-out shirt. The cult long legs make the outfit more elegant with the detail of the scarf tied around the neck. Khanh Linh revealed her “ant” waist, toned figure when wearing a bralette shirt and high-waisted jeans. Multi-colored sneakers and a pretty small bag are the bright spots for the overall outfit, making her even more “cool”. Possessing a physique advantage, Sam exploits his strengths with a tight tank top and flared pants. Street style outfits make her more fashionable when combined with a small lemon yellow crossbody bag. Si Thanh shows off her eye-catching curves with jeans that hug the top and bottom, and a cut-out shirt. The pair of items combined successfully highlight the 3 impressive rounds of the beauty. Jeans and crop top continue to be a “match pair” to help Ha Thu highlight her physical advantages and maximize her style index. Phi Phuong Anh mixes a leather dress with a ton-sur-ton jacket, forming a matchy-matchy duo full of personality. Yen Nhi “breathes a new wind” with a combination of T-shirts and skirts, delicately combining blue tones and pink colors. Kelly is both luxurious and “cake” with a choice of lace camisole dress, creating a unique bow shape. The red lipstick makeup style, shimmering eyes, makes her beauty sublimate. Mixing high-waisted pants and a matchy-matchy blazer, in pink, is the perfect recipe for Jun Vu to shine without any extra accessories. Enjoying the chilly weather in Da Lat, Thieu Bao Trang had the opportunity to wear a wool cardigan. The singer chose the pink shirt version, mixed with torn jeans and a dynamic T-shirt. Puka wears a whole set of pink dresses, mixes sports shoes and matching bags, forming an entire pink “tree”. Want to “hack the shape” and “cheat” age, women can try the recipe for matching blazer and skirt, minimalist combination with crop top like Tra Ngoc Hang. Armpit bags and open-neck socks are all accessories that help beauties “play out” in an excellent way. Tu Hao is fresh with a pair of white T-shirts and leather shorts. The set is simple but enough to highlight her healthy style when taking the dog for a walk. Perform: Ngoc Pham

Going around Instagram is not difficult to come across images of this trend. Of the tank top or dresses with straps wrapped around the abdomen as a highlight is the most noticeable trend. Going around Instagram is not difficult to come across images of this trend and it will only get bigger and bigger. From tops to skirts to trousers, this little detail proves it has a lot to do with showing off your waist. One piece Top-to-bottom one-piece bodysuit originally used for training but with a pair of boots added chunky it turns into outfit great. This may not seem like a common trend, but it will soon explode. The one-piece bodysuit from top to bottom that is used to go to the gym, to the gym, it is extremely comfortable and easy to move. But just one more coat blazer and a pair of boots chunky it turns into a set outfit Great for coffee, shopping, walking… Sandals Any open-toe or strapless/lace-up sandals will make you look more stylish. This is a trend that everyone loves because it frees up the toes. Moreover, I can show off my outfit nail just did it again! Basically, any pair sandals Any fingerless or strapless / lacing style will make you trendy more than that. Duplicate/checkered pattern Repetitive patterns will bring your shirt or pants to life. Caro is a simple motif with bold 90s identity. In addition, repeating patterns will make your shirt or pants more vivid and impressive without having to mix or match sophisticated. As thin as paper This trend has been rekindled for a long time and you should buy one right away to catch it trend hey hey! T-shirts printed with motifs on thin fabrics, hugging the body as light as a sheet of paper are being actively hunted. This trend has been rekindled for a long time and you should buy one right away to catch it trend hey hey!

Thanks to that, the beauties have the opportunity to “unfold” their brilliant dresses, promote a series of flying items such as maxi dresses, shorts or short skirts… The items are familiar, but when combined with unique accessories by beautiful women, they have created many impressive outfit combos. Not only showing the trendy style, the interesting mixes of Vietnamese stars are also ideal openings for the trends street style brilliant, full of summer atmosphere. Ho Ngoc Ha stands out in a corner of Hoi An ancient town with a bright orange maxi dress. The beauty combines a sedge hat and a sedge basket, creating an “expensive” highlight with Chanel’s strap sandals. Also choosing maxi, Thanh Hang favors off-shoulder design with feminine polka dots. Super model mixes dress with square heel sandals, both dynamic and graceful. Thuy Anh showed off her charming figure in an eye-catching yellow dress. No need for sophisticated accessories, the monochromatic strapless dress still highlights the actress’s advantage. For a beach vacation, Hanh Sino chose a maxi with a deep neck cut, revealing her indifferent bust. With sunny and windy weather, she also cleverly mixes wide-brimmed hats, creating the perfect addition of outfits. Cao Thai Ha is sweet in a white dress with puffy sleeves, with waist details to flatter her slim figure. The beauty of the movie “Kieu” elevates her outfit with a Gucci bag, combined with Dior’s strap sandals. Discarding the thorny, strong look, Vo Hoang Yen turned into a gentle muse in a pure white outfit, “spreading” the lovely skirt. Van Mai Huong “hid her figure” in a wide pink dress, dotted with a stylish bucket bag. A brown t-shirt with a mesh skirt, combined with sedge sandals and a matching handbag, helps Tang Thanh Ha exude elegance without being too ostentatious. Ky Duyen showed a fashion sense worthy of a fashionista with a variation of a white T-shirt. Miss mixed wide items with short skirts and thigh-high boots, confidently showing off her chic and stylish spirit. Over-the-knee boots are also “treasures” that are requisitioned by Diep Lam Anh while on vacation. She mixes suede design with a white T-shirt and short skirt, dotted with bags, and a youthful sedge hat. Minh Trieu scored with a combo of colorful shorts and fancy cut-out shirt. The cult long legs make the outfit more elegant with the detail of the scarf tied around the neck. Khanh Linh revealed her “ant” waist, toned figure when wearing a bralette and high-waisted jeans. Multi-colored sneakers and cute little handbags are the highlight of the overall outfit, making her even more “cool”. Possessing a physique advantage, Sam exploits his strengths with a tight tank top and flared pants. Street style outfits make her more fashionable when combined with a small lemon yellow crossbody bag. Si Thanh shows off her eye-catching curves with jeans that hug the top and bottom, and a cut-out shirt. The pair of items combined successfully highlight the 3 impressive rounds of the beauty. Jeans and crop top continue to be a “pair of cards” to help Ha Thu highlight her physical advantages and maximize her style index. Phi Phuong Anh mixes a leather dress with a ton-sur-ton jacket, forming a matchy-matchy duo full of personality. Yen Nhi “breathes a new wind” with a combination of T-shirts and skirts, delicately combining blue tones and pink colors. Kelly is both luxurious and “banh beo” with a choice of lace camisole dress, creating a unique bow shape. The red lipstick makeup style, shimmering eyes, makes her beauty sublimate. Mixing high-waisted pants and a matchy-matchy blazer, in pink, is the perfect recipe for Jun Vu to shine without any extra accessories. Want to “hack shape” and “cheat” age, women can try the matching blazer and skirt recipe, minimalist combination with crop top like Tra Ngoc Hang. Armpit bags and open-collared shoes are all accessories that help beauties “play out” in an excellent way.

Skylights are often designed to light and ventilate exposed spaces such as stairs, bathrooms or bedrooms. On the roof, smart roofing is often used to illuminate and prevent rain. Skylights appear more and more in townhouses. (Illustration) Many homeowners open skylights but cover their roofs with light corrugated iron or glass. This design only solves the problem of getting light, the air will not be convection. Therefore, the roof of the skylight should have a gap, but still ensure the effect of preventing rain. Bringing nature into the house Houses with a large area should open the balcony towards the skylight like a split-level house. At that time, the homeowner can decorate with the railing of the balcony. Along with the variety of construction materials and modern techniques, skylights are increasingly modified and designed in many different styles. All towards the goal of bringing a better living space for homeowners, increasing aesthetics. Getting light and air convection are two advantages of skylights. (Illustration) If the house space is high, narrow and low-light, homeowners can design the skylight as a waterfall, a floating wall to bring nature into the house, turning this place into the “lungs” of the house. Material selection The downside of skylights is noise. Therefore, homeowners need to use noise-canceling materials. Planted areas or waterfalls should have a waterproofing solution. The planting site must be convenient for watering. Items hanging on the stairs and skylights must be easily removable. At corridor windows that open to skylights, safety railings must be arranged for children. Note that seating should not be arranged at the foot of the skylight to ensure safety. Air convection The essence of the skylight is to create the effect of air convection from bottom to top inside the well cell. This convection air flow will exit the well mouth carrying “dirty” gas, while the “clean” air outside will be sucked in. For a skylight to be effective, the path of convection air must be clear. (Illustration) The mechanism that creates the natural convection effect is the temperature difference between the inside and outside of the house, and the “paint gun”-type negative pressure effect on the well mouth when there is a breeze. To be effective, the path of convection air must be clear. Mini scene The area of ​​the skylight on the bottom floor is often used for decoration, as a miniature or can be integrated into some functional space such as the living room, dining room, lobby. Planting trees in skylights should choose plants with little care, no harm and no strong scent. Sky well for small house For townhouses with a small area, most homeowners are aware of the importance of architectural physics and interior aesthetics when there is a skylight. The design plan must have a skylight to turn the dark part of the house into the brightest and naturally ventilated place. In case the house is large enough and has a backyard, the skylight is usually arranged in the middle of the house, providing an open view. Depending on the shape of the land, skylights will be scattered depending on the layout. Small houses can still design skylights. (Illustration) The area of ​​​​the house is about 50m2, so a skylight should be arranged along the stairs on one side of the wall. This type of skylight is aesthetically pleasing and suitable for small houses. In some cases, the skylight is narrow and just a slit, but it provides very good air convection. At that time, the sunshades or diffusers are still utilized under the glass or plastic layer to bring soft light to the interior space. Phuong Anh (synthetic)

This set shows a liberal style, not being restrained. I wore a plain black outfit consisting of a lace shirt, tassel shirt, and leather skirt pants. To add charm to the look, I accentuated it with silver metal accessories. Another way of coordinating my outfit is to change the fringed shirt into a black suit, combined with a black tie. Initially, I planned to combine skirts, lace shirts and black suits to create elegance. However, due to the hot weather, I changed my suit shirt to a fringed shirt. Tasseled shirt offers more comfort, as well as suitable for the shooting location. In terms of accessories, I focus on rings, necklaces or earrings. I often go to collect accessories in many places. However, I do not use accessories too much, mainly add some items to accentuate the set. When adding accessories, the outfit will be less empty. On the other hand, I can also pose with accessories to make the image more natural and interesting. I have a habit of buying and stocking clothes or jewelry if I feel like it. I usually buy at many places such as markets, shopping centers, popular stores or websites. I know fashion from many different sources. I observe in real life or feel from books, social networks. My fashion personality is to always be on the cutting edge, to experience new things. It may have been different at the time. However, it can also be a fashion whirlwind later on. I don’t mind experimenting with new trends. It may not be eye-catching the first few times, but gradually, I will learn for the next time. Therefore, you do not need to force yourself into a certain style of dress. Each appearance is a different style. Mostly I build my image according to foreign fashion bloggers. They have the ability to update trends very quickly. My current style revolves around 3 main colors: Black, white and brown. It favors a strong personality, accentuated by metallic accessories.

The fashionista sees a more positive change to a more restrained, less outrageous fashion, with a return to 1990s-reminiscent style, minimalism and unisex design perfectly suited to all styles, genders and generations. Designs by Acne Studios, Jacquemus, Givenchy. 90’s fashion The fashion of the 90s brought about extremely obvious innovations. Therefore, the nostalgic inspiration continues to be favored by fashion houses and fashionistas. Simple yet sexy unisex style, with sharp graphic lines, moderate transparency and various details were presented in the design on the Spring/Summer 2021 catwalk. There is no doubt. Plus, 1990s outfits are making a comeback. However, the aesthetic element of the 90s does not cover the whole thing, but subtly emphasizes so that the creations do not get old. 90s fashion was the golden age of minimalism. The shape is simplified and maximally neat. This is easily seen in the design of Chloe, Prada and Sportmax Spring/Summer 2021 with the main black – white color scheme. Both personality, strong but extremely seductive, these two opposing tones are modified by designers to suit all different fashion personalities. Romantic, flying design Valentino, Dior and Isabel Marant all pursue romantic bohemian style this Spring/Summer 2021. However, the designs are not influenced by folklore present, only absolute grace and long dresses in one color with shimmering movements – a tribute to the feminine beauty of the woman. . Leather, mesh material Leather jackets from Chanel, Celine and Louis Vuitton are sought after designs. Forget serious blazer designs, this season is the reign of leather biker jacket designs in three different versions: with printed Chanel logos, sporty Celine youthful style, or foreign versions. Louis Vuitton’s size and futurism. In particular, leather material also dominates the Hermes catwalk and is used as a second skin for women. Design by Balenciaga, Hermès, Rick Owens. Besides the designs of jackets and leather pants, the mesh material also returns with unique shapes and styles. . It’s minimalist, versatile, sexy, chic and modern for elegant Spring/Summer collections. Wide leg pants Wide leg pants continue to conquer fashion lovers with impressive designs. Instead of ankle length, now fashion brands launch products with heel length. Bringing a liberal, comfortable but still elegant look to the wearer, wide-leg pants quickly become a sought-after outfit in Spring/Summer. This is easily seen on the Louis Vuitton 2021 catwalk, emphasizing the design of wide-leg pants with a variation in skillful tailoring techniques suitable for all audiences. Low-rise pants Low-rise pants are back and lead the fashion trend this year. The design with the waistband is horizontal to create a youthful feeling, somewhat disruptive and liberal. The fashion house that pioneered this style of pants for Spring/Summer 2021 is Versace, with a bold cut that works for both pants and skirts. Sweet pink Each year, the Pantone Institute publishes its color of the year, helping to shape a number of trends in the interior and fashion industries. Not choosing a single color as in previous years, this year Pantone chose a pair of opposite colors: yellow and gray as the “Color of 2021”. Sweet pink color appears a lot in the designs of Chloe, Prada, Chanel. But the sweet pink color appears densely on the catwalk of this fashion season. Designers simultaneously applied cotton candy pink tones from cherry to raspberry, both sweet and seductive for a series of costumes and accessories that are both feminine and elegant. The fashion house believes that this pink tone will bring positive energy, freshness and optimism. Silver light The common denominator of the Paco Rabanne, Burberry and Louis Vuitton fashion shows in Spring/Summer 2021 is silver designs. Glossy materials such as satin, metallic fabric, velvet, sequins, vinyl… are used. The designs with sexy ribbed mesh and crystal not only flatter the figure, but also make the wearer move with ease. Logo motifs Many people think that 2020 will mark the end of the logomania trend, but Spring/Summer 2021 shows that this trend continues to be more popular than ever. New designs that favor mosaics, patchwork or neon effects with five tones: blue, green, orange, pink and yellow are promoted. This trend is still characterized by color, flashy to ostentatious. When the retro wave “stormed” in recent years, the fashion styles of the 80s, 90s, etc. Logomania also followed that back. From the catwalk to street fashion, from show clothes to streetwear, which are worn by leading Hollywood IT artists such as Kendal Jenner, Gigi Hadid, Bella Hadid… are all full of logos as a way to express their unique ego in fashion race. . Face mask Since the outbreak of the Covid-19 epidemic, masks have become an indispensable part of daily life. Masks have become a prominent accessory, leading the trend when appearing on fashion catwalks and red carpets. The Spring/Summer 2021 catwalk is where designers unleash their creativity. Masks that match the bodysuit, combine with Marine Serre’s hat and glasses, Balenciaga’s turtleneck sweater and mask or Rick Owens’ veil. Designers are more creative than ever to transform themselves with contemporary fashion, not only highlighting new and innovative elements but also ensuring the safety of users.

Securing the wifi router is the first step homeowners need to take to protect their smart home. During use, it is recommended to update the router’s firmware and always use a complex password for the wifi router. If the router manufacturer does not provide new firmware, users should consider replacing it. Just like not checking your bank account from public wifi, homeowners should avoid accessing smarthome from an open wifi network, but if you need to remotely access your home, use a private network. Using a separate wifi for smart home systems is necessary because sharing a wifi system has many potential safety risks. Smarthome prioritizes the system to be able to self-alert to abnormal intrusion to ensure safety, so users should use devices with automatic alarm setting feature. When there is an unusual intrusion, a notification will be sent to the homeowner’s phone immediately. In smarthome, not only home lock, smart home control applications need abnormal login warning feature, this helps homeowners recognize the risk of network attack to implement instant protection options. then. In a smart home, if there is a smart speaker with a screen or camera, users should consider turning off or covering the camera when there is no need to use it. This is similar to the fact that many people have a habit of covering the webcam on their laptop to avoid unfortunate images being recorded. Smart devices of unknown origin are at risk of being installed with spyware, which is easy to lose control and have data stolen. To be safe, it is recommended to use equipment from reputable companies, need to check the company history, product support period. From this information, a decision can be made whether to buy the product or not. And more specifically, it is very important to check the owner of the servers that will contain his home’s information because most smarthome devices used in the home communicate with servers in the cloud. In the process of studying the operation of the smart home control system, security experts have discovered serious security holes. Security flaws in the cloud infrastructure and remote code execution, causing a third party to acquire the “super user” right to access and control the smart home system. Immediately, the above findings were shared with smart home providers to immediately address these dangerous security holes. With a smart home, each device inserted into the smarthome can also be a point for network attackers to take advantage of, intrude on the home system …, so smart home security is very necessary for those who want Design your own smart home.

Lisa favors wide jeans enthusiastically. Wide-legged jeans have replaced tight jeans. If you have jeans in your closet baggy Quickly bring it to wear only. Wear Loafers shoes with socks Loafers are also known as loafers. Shoes loafers is back and matching them with strong fads and fads. Cashier It is easy to see family members dressed in elastic fashion. Fashion followers are fashioned to wear ribbed and woolen clothes. From the jacket tank top or a complete elastic band from top to bottom. Oh god it’s comfortable but also trend more, wear immediately quickly and immediately! Kaki pant Khaki pants are worn by Jennie throughout. Khaki pants bought from the past and then tucked in the corner of the wardrobe, now have the opportunity to take out and wear. But note trend Most still are the type with tight waist, high waist and form wide. Flip-flops Everyone’s shoe cabinet has a pair of flip flops. Probably this shoe trend is the biggest and is making the most of it. Flip-flops from flats to high heels are everywhere, mixed with all styles of people. Long jacket Rosé also likes long jackets. Long jackets are in love, it can be worn all seasons of the year and can be worn anywhere. Bag Shoulder bag still trend The noise has not calmed down yet! The cross-bags continued to rest for a while, as shoulder / armpits were still in place hot , there is no sign of cooling off. Corset shirt Corset-style tops are easy to match, but require extreme proportions. Corset-style shirts are simply coordinated with a pair of jeans that are the latest fad, but this trend requires you to sweat a lot in the gym as well as say goodbye to rich, fragrant dishes. Funny jewelry Fun jewelry makes life more fun. Currently, expensive luxury jewelry is temporarily stored by fashionistas and fun, bold and colorful jewels are being brought out and piled up for daily use.

Usually, we usually choose furniture that sells in sets: for example, sofas and armchairs of the same color or TV shelves, drawers and cabinets are of the same style. However, if you add a little creativity and effort, you can completely make your living space fresh and full of life. Instead of choosing predictable details, choose items that are close to each other’s tone, then choose a highlight. That can be a safe and smart solution. 2. Wooden kitchen cabinets Wooden kitchen cabinets are extremely popular and common in homes. If you want to make a breakthrough, today there are many materials and colors of kitchen cabinets for you to choose from to match the interior of the house. A simple way is if you want your home to look modern and new, change the paint color or remodel the kitchen cabinet. 3. Abuse of oak color When designing the interior, people often use oak or oak color on items. True, this wood color is quite luxurious and familiar, but every family loves oak color, this is not a good choice if you like the novelty. Oak wood in harmony with the partitions or furniture made of walnut and ash … will refresh your home space. 4. Wallpaper pattern The pattern of the wallpaper is outdated. Unless you design the house in your own style, the advice of architects is to use walls with a pattern that is outdated. Go for simplicity by choosing simple paint colors or tile, wood … depending on your preference. 5. Walls covered with pictures and pictures There was a time when wall decoration with pictures of your life and achievements became trendy. Today, however, hanging pictures and large-format photos is the trend. Even many homeowners are creative by hanging large fabrics of silk or brocade material … to decorate the house. Ultimately, the main goal is still to reflect the personal preference of the homeowner, but pay attention to the harmonious decoration and arrangement.

Interior details such as handles, microwave handles, refrigerators … made from stainless steel may look sparkling, shiny through the photo, but when put into daily use, dust tends to accumulate very quickly on metal surfaces. In particular, it is easy to save stains, grease from the user’s hands. Therefore, the advice of experts is to choose metal products with matte colors. Wooden pallets Wooden pallet bed used to be a trend and was favored by many people because of its environmental friendliness, economical price and familiar feeling and closeness. However, untreated pallet wood will be quite spongy and is an ideal place to store dust, bacteria … In addition, before being recycled to make beds, furniture …, pallet wood may have been Toxic due to being used for many different purposes. Therefore, it is advisable that you do not use pallet wood as a bed to protect your health. Instead of a pallet, buy a regular wooden bed with a reasonable price in the market. The social network is flooded with pictures of people using lovely open racks to hang clothes instead of a regular wardrobe. However, the fact is that this wooden rack is only beautiful above the photo and it cannot replace the function of the wardrobe. It will make the room cluttered, the clothes are easy to dust and can not store many clothes .. Therefore, this racking system is only suitable for homestay houses, rental houses or people with a lifestyle. minimalism only. Projectors Many people choose projectors over TVs because they make it feel like you’re watching a movie in theaters. However, the projector needs a large, flat, and bright wall; At the same time, you also cannot watch during the day because there is too much light, forcing you to buy additional curtains to block the light. You also need to buy more accessories for the projector … In general, the maintenance and use of the projector will be expensive and not as beneficial as buying a television. Black kitchen cabinets Black feels luxurious and expensive. However, few people know, the black kitchen cabinet needs special care. For example, black items are easy to stick to dust, when they are dirty, cleaning takes time and is very difficult. Not to mention the black kitchen cabinets unless carefully calculated by the architect, it will not give the room a feeling of heavy, tired if you live in a small space. The architect’s advice is to choose bright tones for the furniture./.

According to the SCMP Many studies show that 60% of women have switched from regular underwear to the option of non-rimmed. Meanwhile, 46% had completely removed their bra for at least a day / week for relief. “Women are shopping for underwear in a new way, first of all for their own pleasure,” said Tanya Robertson – CEO of the brand Womanhood – said. The sexy factor is “disgraced” In the past year, Ann Summers – a brand that has a tradition of producing sexy bras – has been at a loss. By contrast, small, independent brands that sell sleek designs that prioritize comfort increase sales. Many lingerie brands now have a preference for selling products that make them comfortable. Photo: SCMP. Many people say they default to sexy bras just to satisfy the look of men. Over a long time at home, they find themselves in need of more favor with bras that make it feel “wear like not wearing”. Catching the trend, Zara launched a line of lingerie that prioritizes comfort at the end of last year, cleverly known as “Female Gaze”. It is well received because softness is a priority. In addition, the company also takes pictures of women of all sizes and races. According to fashion research background Lyst and women are also investing in expensive bras and pants. Robertson added: “There has been a real change to women buying underwear for themselves. It’s no longer about choosing between practical or sexy clothes. Instead, they’re investing in items. clothes that reflect personal style and taste “. Silk and cashmere are preferred Women with large bust still need support from rimmed bras. However, they are now willing to pay for the more expensive and similarly useful. Silk and cashmere bras appear in the collections of many designers. Photo: Khaite, Jacquemus. With sales down 45% from last year, this means framed bras are less comfortable and the cleavage factor is no longer as fashionable as it used to be. Underwear decorated with flowers and bow ties are also no longer popular. Khaite – a cashmere bra company – was noticed after Katie Holmes wore a design in 2019 with a cardigan of the same color. This relaxed and stylish image inspires brands to create more affordable, minimalistic products afterwards. Silk is also the preferred material during interval times. From LilySilk to Cos, these brands are turning their backs on oil-based composites that are harmful to the environment and skin. They are now switching to breathable, long-lasting vests. “Softness, beauty and comfort are three factors for women today to choose underwear. Forgetting what men want makes women favor”, SCMP identify. How to mix summer clothes for active girls Silk skirts, bow tie tops or monochrome outfits are the designs that make a woman’s look look more stylish during the hot season.

Surfing facebook for a while, Thu Nga suddenly stopped at a photo of her college classmate, drinking coffee with a tea and cake table in the middle of the stream. Pulling down the comment section, a lot of people ask “Where is that chill? Oh, there are also “virtual living” furniture? After a while talking back and forth to find out, Nga also decided to invite a few more friends to go camping on this 30/4-1 / 5 holiday. “When booking hotels and airplanes at this time, there is a high chance that there is no room available and the price is quite expensive. So I chose to change the wind here, because going by car not too far will not get tired. ” The trend of camping or glamping (glamorous camping – luxury camping with full facilities) is being loved by many young people recently. Not only single boys and girls, but camping also attracts young families with young children, senior class groups – final year students … Looking at the camping photos on Instagram social network, you can see that this tourism style is chosen by many young people because it is quite “chill”, bringing a feeling of closeness to nature with countless “virtual life” sceneries. “The best … Usually, young people choose places with spacious, airy land, natural areas, lakes, so that they can comfortably set up tents. A guy who posted “thousand likes” on a travel fanpage shared: “Everyone thought camping had to be packed with furniture, but actually it just depends on your needs. We usually only need a small tent, carpet, a small table and a few folding chairs, food as we like … is enough for the whole day. If you like to enjoy and like the style a little more, you can book hotels, homestay … because they also provide full equipment, set up the dining table, barbecue, the evening space is more sparkling. give you the freedom to take pictures. Depending on your needs, budget and preferences, you can choose furniture and destinations. Passionate since he was a student, now working and have two sons, but Mr. Vu Thang (Hoan Kiem, Hanoi) is still passionate about roadtrip trips and passed on to his children. “Formerly a genuine traveler, my husband and I still ride motorbikes but now we have children, we switch to a car, whenever we hurry, we jump in the bus, take a nap to arrive safely. Whenever we have free time, our family will spontaneously go on the road, so the things to take away are also trying to be as minimal as possible, the criteria of going to relax, being close to the children after working hours, studying stress. So for several years now, my family has chosen to picnic in places close to nature. ” For many people, yoga is now not only limited to the hourly shifts, but now new trends such as “yoga retreat, yoga vacation” are becoming more and more known. Tourism combining physical and mental training and soul healing has become popular. Yoga retreat close to nature – Artwork: Internet After a period of stressful work with a lot of pressure at an insurance company, Phuong Ly (35 years old) decided to invite 2 best friends from high school to go yoga retreat. In the same mood, the 3 girls left for Da Lat. Upon registration, the program announced the vegetarian menu and relaxation exercises. Ly said she and her friends could practice yoga classes in the midst of nature, relax together, take a deep breath, and get rid of the stress from daily work. She called it “the journey to find peace”: “Close your eyes, breathe evenly, only the sound of birds chirping and running water, the simple natural sounds of life that I do not usually let go of every day. notice, all worries like to worry again … ” Thanh Phu (in Ho Chi Minh City) said that he and his wife about to get married decided to join the yoga retreat at the beach together before getting married. “As everyone says, the time to discuss wedding plans for couples is often arguing the most, but thanks to the relaxing trip we feel more comfortable to look at a long life together. long.” On some websites, young people can register for yoga retreat and meditation courses at many beautiful natural places such as Da Lat, Lang Co (Hue), La Gi (Binh Thuan), Phu Quoc, Nha Trang, Tam Dao, Soc Son (Hanoi) … lasted 3-4-5 days, diverse activities such as cycling, swimming, rowing, trekking, badminton … with prices from 4 to more than 10 million. A counselor said that the yoga retreat at this time had many options, you could practice from the mountain to the sea, in the sunshine or take a bath in the moonlight …

This year’s list of trends is very viable, you can buy any new fashion or you have at least a pair at least in your house. Prioritize comfort for outdoor activities: Sandal ascended the throne Reefs, Tevas and Birkenstocks return but come in premium materials with modern designs and colors. Inspired by Reefs, Tevas and Birkenstocks – things that were familiar throughout the childhoods of many kids, are now brought back by fashion, but with premium materials with modern designs and colors. . Comfort is paramount in fashion. As everyone can see, the trend of sneakers is back and stronger than ever. This proves that comfort is paramount in the fashion field, with the priority given to convenience in outdoor activities being at the forefront. Natural inspiration Designers have released shoes that are inspired by plants / animals. The long-term social isolation of the four walls has made many of us think about our relationship with the environment. Humans will increasingly desire to be immersed in the splendid nature, breathe the natural air and watch the most beautiful flowers and wild animals. People will increasingly desire to be immersed in the splendid nature. Since then, designers have introduced shoes that are inspired by plants and animals. Luminous color Our designers have brought us back to mind about the happiest and most carefree era. The Spring – Summer 2021 collections are often highlighted with bright colors. Bright colors bring optimism, joy and happiness. Inspired by ’80s neon, the designers have reminded us of the last great era of abundance and openness, carefree.

Knee makeup was a strange beauty trend in the 1920s. Photo: Vintage Everyday Fashion has always been a reflection of the spirit of the times, and knee makeup is no exception, according to Oddity Center UK. Before the 1920s, women were still wearing ground-length clothing, tight waistlines with corsets, gloves and socks. But just 10 years later, since the 1920s, things have changed rapidly. The “Flappers” trend appeared and is considered a revolution in women’s fashion in this century. Flappers refer to young, fashionable and bohemian women. They are open-minded and do not want to be bound by any moral standards or overly conservative and traditional lifestyles. Girls who follow this trend often wear bold makeup, bob hair, a small hat, knee-length skirts or ankle-length skirts. The “Flappers” trend appeared and was considered a revolution in women’s fashion in the 1920s. Photo: Instagram Girls in this era often rolled their socks under their knees or didn’t wear socks at all. They want to draw people’s attention to the knees, the parts of the female body that have never been seen before. The tendency to reveal the knee has since developed into an art form. Women can create hand-drawn artwork on their knees. Some have painted themselves using watercolors or oil paints, while others have hired talented artists to help them shape. Each design has its own unique features, from simple letters, short names of boyfriend or lover, to floral motifs, landscapes and even portraits, tiny details. The girl rolled the socks down her calves to reveal the knees. Photo: Instagram Photo: Facebook Woman applying makeup to her knees with unique hand-drawn artwork. Photo: Instagram One reader told the Tampa Bay Times in 1925: “The latest fad for extremely intelligent women is drawing on their knees. Some paint pictures of nature, harbors, and boats. Others even draw elegant miniature paintings, with tiny details to have to see through a magnifying glass. ” According to Oddity Central (UK), it is worth noting that the pictures drawn on the knees reflect the thoughts and opinions of the owners. A housewife named Clarice Wilson used knee makeup to annoy her husband. She knew her husband did not like dogs, so she drew pictures of pet dogs on her knees. Meanwhile, the husband, Arthur, also retaliated by drawing portraits of the two most attractive women in town on his knees. The paintings drawn on the knee all reflect the thoughts and expressions of the owners. Photo: Facebook The knee makeup trend mainly depicts the rebellion of women in the 1920s. Even many girls are beaten by their parents, even kicked out of school because of this trend. The knee fad only lasted for about a decade and has since been forgotten. However, it is still a remarkable stage in women’s emancipation and a way of asserting their independence and enjoyment.

Top 8 digital transformation trends in education (Image: FOW) 5. Incorporate IoT-GSI into a school environment Incorporating IoT-GSI into a school environment (Image: Built In) In the age of ‘smart’ devices, the Internet of Things or IoT can be found with increasing popularity in our lives. Not just smart phones, technology makes everything from plugs, sockets to remote controls “smarter”. In education, this trend has begun to help connect schools and students in a whole new way. On one level, the IoT can benefit educational campuses by helping schools improve security and comfort features while keeping costs under control. Smart devices will help the school provide the best learning experience for students. For example, smart devices will control and adjust the most suitable air-conditioning temperature, or automatically adjust the lighting system to bring the best light for students. IoT can also help schools stay connected with students, helping students better track their progress. Monitoring students also helps teachers know when students are off. For preschools, this information can be used to let parents know if their child has an unexpected absence and provide better safety and communication about the issue. 6. Security on digital devices Security is extremely important in today’s tech age (Image: Forbes) With technology rapidly becoming a key feature in the daily lives of students and teachers, security has become another essential trend in the digital education revolution. Schools collect a lot of information about students, from personal data to their scores. This information should be strictly confidential. Schools need to ensure that they have a secure means of allowing students to submit personal information. This becomes even more important in cases where students can take tests or assessments online. Security breaches can be damaging to individuals and organizations in general, making them a key priority and trend throughout the digital transformation process in education. 7. Digital Citizenship Students need to know how to interact online in a polite and civilized way (Image: OLC) Since these digital transformation trends have affected students in many different ways throughout their lives, students need to know how to interact politely and civilly online. This is similar to how students learn to be professional in an office setting. Schools have begun to recognize this importance, and teaching students to follow the principles of digital citizenship has become an increasingly important trend. When educating students to become a good digital citizen, schools empower students to take full advantage of technology. To see the best results from digital citizenship instruction, organizations should aim to make it part of the culture for both students and teachers. These guidelines guide people to behave properly when studying online, which can help students succeed in their classes and in professional settings. 8. Big Data Big data (Photo: Industrial IoT) Schools have long gathered a lot of information about their students, including their demographics, grades, and grades. Big Data gives them the opportunity to take this information further and use it to better understand the student learning process. Big Data helps track large amounts of data, uses algorithms to find useful information about students quickly. This includes convergence of many different data sources. Schools may have gathered a lot of useful information about students in the past, but over time it can be “forgotten”. Big Data will help schools solve that problem, thereby being able to manage their students more closely. Big Data’s ability to synthesize and analyze data will bring a number of benefits to the school such as: Completion of each student’s program, finding outstanding students in specific fields. etc .. The change towards a modern, digital world has had a significant impact on education. Schools in many countries have begun to recognize that technology can provide them with a number of new benefits and strategies for educating their students more effectively. It is expected that in the near future, digital transformation will be widely applied in schools around the world.

Vegan food: Plant-based ingredients continue to become a gourmet trend by 2021. According to a survey by The International Food Information Court, 28% of people say they have add more plant protein during an outbreak. Image: University of Stirling. The number of vegetarians and vegetarians on a regular basis is increasing, so there are also many restaurants serving vegan dishes. It is no coincidence that many young to middle-aged diners turn to vegetarian food to purify their body and maintain their own resistance. Photo: @_eat_and_go, @ valleyuyet_102. Homemade dishes: Since 2020, when the chain of restaurants and eateries is massively closed, people around the world have become more aware of cooking at home. Each person pays more attention to the source of nutrients in the body and believes in restaurants with guaranteed food sources. On social networks, videos suggesting how to make many outstanding delicious dishes also appear more such as self-learning to prepare drinks, cooking deliciously like restaurants … Many people turn from busy to super top. kitchen at home after the pandemic. Drinks that create trends must be mentioned as milk tea, green tea, whipped coffee, cakes … Environmentally friendly packaging: Minimize nylon, plastic bags … is a common slogan found in restaurants in all countries. To protect the environment, restaurant owners and people gradually become aware of not using nylon and plastic bags to reduce harmful waste. Many people have become environmentally conscious customers to keep the air fresh for the community. Fastfood: The time the barbeque is fighting the pandemic is also when the service industry is busier with fast food. Convenience of fast food helps busy people save time and easy access. In Asian countries, fast food delivery service develops strongly with indispensable dishes such as burger, pizza, noodles, fried chicken … Photo: Bottomless. Learn to cook online: Tired of finding a dating site in the midst of a social gap? Close-up meals at home are the perfect choice. Many people look to online cooking classes, recipes from famous chefs to make a sumptuous home party for family and friends. This trend has developed in both Vietnam and other countries around the world since 2020.

Global IPO transaction volume increased by 85% year-on-year, and fundraising increased by 271%

IPO activities of special purpose acquisition companies are more active than in 2020

The first quarter of 2021 is the best-performing first quarter in two decades

The market sentiment has been active so far in 2021. Calculated by the number of transactions and the amount of funds raised, it has been the best first quarter for the same period in the past two decades. Although the market conditions in the first quarter were traditionally quiet, the first quarter of this year broke the tradition and transactions were very active. Not only the traditional IPO market is active, but also the IPOs of special purpose acquisition companies (SPACs) have also reached new highs. Both the number of transactions and the amount of funds raised in the first quarter were higher than those of the whole of 2020. There were a total of 430 transactions in the global IPO market in the first quarter, raising US$105.6 billion, an increase of 85% and 271% year-on-year respectively.

The “new normal” under the new crown epidemic has stimulated market liquidity and brought new opportunities, and promoted the continuous rise of IPO market sentiment. At the same time, speculative transactions and non-institutional investment platforms that are open to the general public (including the younger generation) have become more popular, making investment more convenient than ever. Looking ahead, due to concerns about the imminent adjustment of the market, investor sentiment remains cautious and will continue to use existing liquidity to obtain investment returns.

The Americas market remained resilient in the first quarter, with 121 transactions and a total of US$45.2 billion in funding. On the whole, the trading volume and funding of the Americas Exchange are the highest in more than two decades. The Asia-Pacific region has the highest IPO funding in two decades, with 200 IPOs totaling US$34.3 billion. The Europe, Middle East, India and Africa (EMEIA) region recovered from the quiet market sentiment of 2020 in the first quarter of 2021, and recorded 109 IPOs with a total amount of US$26.1 billion.

From an industry perspective, the technology industry remains strong in the first quarter of 2021, ranking first with 111 IPOs and US$46.1 billion in funding. The healthcare industry ranked second, with 78 IPOs and a total of 14 billion U.S. dollars raised. Calculated by the number of transactions, the industrial products industry ranked third with 57 transactions and a total of 6.3 billion U.S. dollars in funding.

Ernst & Young Global Listing Services Director Wu Jilong Means:

“Market liquidity has flooded the market, making the number of global IPO transactions and the amount of funds raised have reached new highs in two decades. However, many uncertain factors still exist, which may cause market fluctuations and affect the IPO market.

These factors include: the vaccination plan is slower than expected, and the ongoing epidemic hinders any real economic recovery; the tightening of the regulatory process has slowed down IPO applications and the withdrawal of listing applications by companies; the reduction of leverage by banks has led to increased risks in the capital market, etc. Companies need to prepare for listing while the opportunities in the IPO market are still open. ”

In the first quarter of 2021, the number of IPO market transactions and funds raised in the Americas reached a record high

In the first quarter of 2021, the number of IPO transactions in the Americas increased sharply by 218% (total of 121 IPOs), more than three times that of the first quarter of last year. Funding also recorded a stronger than expected trend, reaching US$45.2 billion, a 446% increase from the same period last year and a record high. The healthcare industry still dominates the region’s IPO transaction volume, with 44 transactions, raising US$8.7 billion. The technology industry ranked first in terms of funding, raising US$21.4 billion, with 33 transactions in total.

Similar to the global market, the US IPO market usually slows down in the first quarter. However, in the first quarter of 2021, benefiting from the continued transactions from 2020 and the high valuation led by issuers using technology companies, there were a total of 99 IPOs in the United States during the quarter, raising US$41.1 billion. The outbreak of SPAC IPO activities will continue into 2021, and the number of transactions in the first quarter of this year has broken the record for the entire year of 2020. Although the number of traditional IPO transactions on US exchanges has also risen sharply in the first quarter of this year, the number of SPAC IPOs is still three times that of traditional IPOs. In the first quarter of 2021, there were a total of 300 SPAC IPOs in the United States, raising a total of 93.4 billion U.S. dollars.

The Asia-Pacific IPO market beats expectations, and the momentum remains positive

In the first quarter of this year, IPO activities in the Asia-Pacific region accounted for nearly half (47%) of the global total. There were a total of 200 transactions in the district during the quarter, raising US$34.3 billion, the highest amount raised in the first quarter in two decades, breaking the record in the first quarter of 2010. As far as the industry is concerned, the technology industry surpasses other industries in terms of the number of transactions and the amount of funds raised. There are 51 transactions and US$17.7 billion in funding.

Cai Weirong, Head of Listing Services, EY Asia Pacific Means:

“This is the first quarter of the new year, and it is also the first year of the new president of the United States. The new team will handle Sino-US relations. In addition, entering the second year of the new crown epidemic, the market is both optimistic and full of optimism. Uncertainty, this may cause volatility in the Asia-Pacific IPO market in 2021. Companies in the Asia-Pacific region need to maintain resilience in this challenging environment in order to successfully go public.”

The strong IPO momentum in Greater China reflects its positive economic growth. Despite the implementation of the new IPO review process by Chinese regulators, the number of transactions and the amount of funds raised in Greater China have increased by 51% (total of 133 transactions) and 121% (US$28.9 billion) respectively year-on-year.

In Greater China, it is expected that the full implementation of the IPO registration system in Mainland China will have a positive impact on the capital market. The registration system is one of the most significant reforms in China’s capital market. The measures will help the market continue to develop in the long term. Together with the delisting mechanism and the newly released IPO approval process, it is expected that the quality of listed companies in Mainland China will gradually be optimized.

In Hong Kong, as economies around the world gradually get back on track and China’s concept stocks continue to be listed on the Hong Kong Stock Exchange, Hong Kong’s IPO activities are expected to remain active.

He Zhaofeng, Head of Listing Services, Ernst & Young Greater China Point out:

“Driven by the economic recovery and abundant market liquidity, IPO activities in the first quarter of 2021 will remain strong. The tightening of the IPO approval process may have a certain degree of impact on A-share listing activities, but the country’s 14th Five-Year Plan It is also good for the listing of companies in related key industries. In Hong Kong, the return of Chinese concept stocks will boost the number of IPOs. Although the volatility of the capital market is expected to increase this year, we believe that 2021 will still be the largest IPO in Greater China. year. ”

EMEIA’s IPO market in the first quarter was more active, optimistic and more unicorns appeared

In the first quarter of 2021, the EMEIA area will take on the momentum of the fourth quarter of 2020 and have a good start. The continued growth of IPO activity in the region stems from high valuations, low volatility and confidence in the gradual restart of the economy. Overall, there were 109 IPOs in the district, a year-on-year increase of 179%. The amount of funds raised was US$26.1 billion, an increase of 646% year-on-year.

Despite the restrictions imposed by the new crown epidemic, the European market remains resilient, and investor sentiment has improved. IPO activity in Europe resumed its trajectory in the first quarter of 2021. The number of transactions rose by 315% (83 cases in total), and the amount of funds raised increased by 1,814% (US$23.1 billion). In the UK, investors are still interested in investing, and companies are taking full advantage of the accelerated growth due to the epidemic and the high liquidity of the market. There were 17 IPO transactions in the UK in the first quarter, raising a total of US$7.5 billion, an increase of 467% and 1,031% respectively.

Outlook for the second quarter of 2021: uncertainty may increase market volatility, triggering a “perfect storm”

Although market sentiment tends to be positive, uncertainties will increase, causing market volatility. The new crown epidemic in various countries around the world may still rebound. In addition, different countries’ vaccination schedules, geopolitical risks, inflation, interest rates and the ability of global financial markets to withstand shocks may all be the trigger points of the perfect storm. Regardless of whether the company decides to conduct a traditional IPO, SPAC or direct listing, companies that are well prepared, are in a hot industry, and have an appropriate investment story should act now and seize the trading opportunities that are still open.

This article is written for the purpose of providing general information and is not intended to be relied upon accounting, taxation, legal or other professional advice. Please ask your consultant for specific advice.

Ribbed design is a big trend in home décor this year. If you are a lover of the subtleties of natural elements such as seashells, corals, and designs evoking a coastal style, then porcelain and glass products should be preferred. In addition, ribbed design is also a big trend in this year’s home décor. Collaborate with products with gold accents and glass box products to create an extremely beautiful and purposeful collection of table top accessories. Cosmetic display area This is where you display your entire collection Beauty enthusiasts know that it’s impossible to install shelves to hold all the cosmetic products you buy. Instead, build your own separate makeup area with a variety of shelves, tables and a large beautiful mirror. Beauty enthusiasts all dream of such a magical makeup area. Showcase your cosmetic collection and turn it into an impressive highlight. This is where you show off your entire collection, which is both for the purpose of satisfying your personal love of cosmetics, and as a highlight of your home. Scandinavian style bathroom Organic material décor interspersed with chic accessories is a recipe for Scandinavian style. There’s nothing better than indulging in a gentle warm bath after a long day. Adding around organic decorations interspersed with chic accessories is a recipe for Scandinavian style. This style helps you immerse yourself in nature in a bustling city and helps to quickly bring you a sense of relaxation when bathing. Maximalism gradually returned to love after a long period of minimalism Arranging furniture accessories that are not related together so that the overall beauty is an art. If your taste belongs to Maximalism and likes to decorate the house around bold colors, mixed with many details, accessories home décor strange and unrelated to each other. Then attract your eyes with a plate full of beaded hairpins or a glowing candle with your favorite shape like an angel, a flamingo, a bear, an open mouth, … and an impressive vase of flowers. Many similar colors to the accessories. Cosmetics and color art Cosmetics, perfumes, accessories can all be turned into great décor items. Putting a work of art together with a lovely cosmetic tray of the same color scheme is a quick and easy way to bring any space together. Taking advantage of color to harmonize space. Perfume display An easy way to make your home more luxurious and aesthetically pleasing is to set aside a corner to arrange the best perfume bottles next to scented candles, flowers or pearls. Place them on an ornate silver / wood / leather or silver / wood / leather tray, along with a well-decorated and detailed mirror. These beautiful perfume bottles are a great home decoration accessory. Having plenty of time to arrange them cleverly, or simply placing them side by side with a mirror is more than enough for a feeling of luxury.

Edit | Tina Technology Radar is a technology trend report that ThoughtWorks releases every six months. It keeps track of how interesting technologies are developed, which we call items. The technology radar uses quadrants and rings to classify it. Different quadrants represent different types of technologies, and the rings represent our maturity assessment. After six months of tracking and precipitation, ThoughtWorks TAB (ThoughtWorks Technical Advisory Committee) produced the 24th technical radar for technicians based on our practice cases in multiple industries. Analyze more than one hundred technical items, explain their current maturity, and provide corresponding technical selection suggestions. 1 Four themes in this issue Platform team that accelerates product launch More and more organizations are adopting the concept of platform team to develop products, that is, setting up a dedicated team to create and support internal platform functions, and use these functions to accelerate application development, reduce the complexity of operation and maintenance, and shorten the time to market time. This increasingly mature approach is welcome, so as early as 2017, we introduced this technology to technology radar. But as maturity increases, we find that organizations should avoid using some anti-patterns when applying this technology. For example, “using one platform to rule everything” may not be the best choice. “Building a big platform in one step” may take several years to deliver value. In line with the original intention of “Once it is built, there will be people using it”, it may be a huge waste in the end. On the contrary, using product thinking helps to understand the services that each internal platform should provide based on the needs of product customers. But if the platform team is allowed to only solve the problems submitted in the technical support ticket system, then this approach will produce the old-fashioned operation and maintenance island team, and the corresponding disadvantages of demand priority imbalance, such as slow feedback and response, and Competing for scarce resources and other issues. In addition, we have also seen some new tools and integration models emerge to effectively divide teams and technologies. The convenience of integration overwhelms the single best solution We have seen corresponding developer-oriented tool integrations on many platforms (especially in the cloud field). For example, artifact libraries, source code control, CI/CD pipeline, wiki, and similar tools. Development teams usually manually select these tools and stitch them together as needed. Having a combined tool stack can bring more convenience and less work to developers, but this tool set rarely represents the best solution. Too complicated to get into the radar In the nomenclature of technical radar, the final state of the discussion of many complex topics will be “TCTB-too complex to enter the radar (too complex to blip)”. This means that those items cannot be categorized because they exhibit too many pros and cons, as well as a large number of nuances regarding suggestions, applicability of tools, and other reasons, which prevents us from summarizing them in just a few sentences. . These topics usually appear every year, including monorepos, distributed architecture orchestration guidelines, branch models, and so on. Like many topics in software development, there are too many trade-offs to provide clear advice. Identify the architectural coupling context In software architecture, how to determine an appropriate level of coupling between microservices, components, API gateways, integration centers, front-ends, etc. is a topic that is discussed in almost every meeting. It can be seen everywhere that when two pieces of software need to be connected together, architects and developers are struggling to find the right level of coupling. We need to spend time and energy to understand these factors, and then make these decisions according to local conditions, instead of hoping to find a general but inappropriate solution. 2 First look at some of the quadrant highlights Platform Engineering Product Team (Adopted) As pointed out in one of the topics of this issue of Radar, the industry has accumulated more and more experience in the “platform engineering product team” that creates and supports internal platforms. Teams in the organization use these platforms to accelerate application development, reduce operational complexity, and shorten time to market. As the adoption rate increases, we are becoming more and more aware of the good and bad patterns of this approach. When creating a platform, it is important to clearly define the customers and products that can benefit from it, rather than building it out of thin air. We not only have to beware of the layered platform team, it retains the existing technology islands, but is just labeled as the “platform team”, and we must also be careful about the work order-driven platform operation model. When considering how to best organize the platform team, we are still loyal supporters of the concept of team topology. We believe that the platform engineering product team is a standard method and an important enabler of high-performance IT. Cloud sandbox (experimental) As cloud services become more and more common, and creating cloud sandboxes becomes easier and can be applied on a large scale, our team is therefore more inclined to use a completely cloud-based (relatively local) development environment. Reduce maintenance complexity. We found that the tools used to simulate cloud-native services locally limited developers’ confidence in the build and test cycle, so we focused on standardized cloud sandboxes instead of running cloud-native components on development machines. This approach can better enforce the application of infrastructure as code practices, and provide developers with a good adaptation process in the sandbox environment. Of course, this shift is also risky, because it assumes that developers will be completely dependent on the availability of the cloud environment and may slow down the speed at which developers can get feedback. We strongly recommend that you adopt some lean governance practices to manage the standardization of these sandbox environments, especially in terms of security, access control, and regional deployment. Homomorphic encryption (evaluation) Complete homomorphic encryption (Homomorphic encryption) refers to a type of encryption method that allows direct calculation operations (such as search and arithmetic operations) on encrypted data. At the same time, the calculated result still exists in encrypted form, and can be decrypted and displayed later. Although the homomorphic encryption problem was raised as early as 1978, the solution did not appear until 2009. With the improvement of computer computing power and the emergence of easy-to-use open source libraries such as SEAL, Lattigo, HElib and partial homomorphic encryption in Python, the application of homomorphic encryption in real-world applications has truly become feasible. Those exciting application scenarios include privacy protection when outsourcing computing to an untrusted third party, such as computing encrypted data in the cloud, or enabling a third party to aggregate the intermediate results of homomorphic encrypted federal machine learning . In addition, most homomorphic encryption schemes are considered safe for quantum computers, and efforts to standardize homomorphic encryption are also underway. Although homomorphic encryption currently has many limitations in terms of performance and supported computing types, it is still a technology worthy of our attention. Sentry (adopted) Sentry has become the default option for many teams. Sentry provides some convenient functions, such as error grouping and using appropriate parameters to define error filtering rules, which can greatly help deal with a large number of errors from end-user devices. By integrating Sentry into the continuous delivery pipeline, you can upload source code mapping files to debug errors more efficiently, and it is easy to trace which version of the software produced these errors. We appreciate that although Sentry is a SaaS product, its source code is public, so it can be used for free in some smaller use cases and self-hosting. imgcook (evaluation) imgcook is a software as a service product under Alibaba. It can generate front-end code from different types of visual drafts (Sketch/PSD/static pictures) with one click through intelligent technology. imgcook can generate static code. If you define a domain-specific language, it can also generate data binding module code. The technology has not yet reached the perfect level. Designers need to refer to certain specifications to improve the accuracy of code generation (hereafter The adjustment of the developer is still needed). We have always been very cautious about magic code generation, because in the long run, the generated code is usually difficult to maintain, and imgcook is no exception. But if you limit it to a specific context, such as a one-time event advertising page, this technique is worth a try. AWS CodePipeline (suspended) Based on the experience of multiple ThoughtWorks teams, we recommend that you use AWS CodePipeline with caution. Specifically, we found that once the team’s needs go beyond the scope of a simple pipeline, this tool becomes difficult to use. Although the first time you use AWS, it seems like you won a “quick victory”, but we suggest you take a step back and evaluate whether AWS CodePipeline can meet your long-term needs, such as the fan-out and fan-in of the pipeline, or more complicated Deployment, and test scenarios with special dependencies and trigger conditions. Snowflake (experimental) Since Snowflake was mentioned on the radar last time, we have gained more experience in its use and data mesh as an alternative to data warehouses and data lakes. Snowflake continues to impress people in terms of time travel, zero-copy cloning, data sharing and its application market. Snowflake has not appeared in any place that we dislike, so our consultants prefer to use it compared to other options. Amazon’s data warehouse product Redshift is moving in the direction of separating storage and computing, and this has always been Snowflake’s strengths. If you use the Spectrum feature in the Redshift product for data analysis, you will feel that it is not so convenient and flexible, partly because it is constrained by Postgres (although we also like to use Postgres). Federated queries may be the reason for using Redshift. In terms of operation, Snowflake’s operation will be simpler. Although BigQuery is another option and very easy to operate, Snowflake is a better choice in a multi-cloud scenario. We have successfully used Snowflake on GCP, AWS and Azure. Feature Store (evaluation) Feature Store is a data platform for machine learning, which can solve some of the key problems we currently encounter in feature engineering. It provides three basic functions: (1) Use managed data pipelines to eliminate conflicts between new data and data pipelines; (2) Catalog and store feature data to promote the discoverability of features across models And synergy; (3) Continuously provide characteristic data during model training and interference. Since Uber disclosed the Michelangelo platform, many organizations and start-ups have established their own signature libraries; such as Hopsworks, Feast, and Tecton. We see the potential of Feature Store and recommend careful evaluation. Self-developed infrastructure as code (IaC) products (suspended) Those products supported by the company or the community (at least in the industry) are constantly evolving. But sometimes organizations tend to build frameworks or abstractions on top of existing external products to meet very specific needs within the organization, and believe that this adaptation will have more benefits than their existing external products. We found that some organizations tried to create self-developed infrastructure as code (IaC) products based on existing external products. They underestimated the amount of work required to continuously evolve these self-developed solutions based on their needs. Soon they will realize that the original version of the external product on which it is based is much better than their own product. In some cases, the abstraction built on the external product even weakens the original function of the external product. Although we have witnessed some successful cases of organizing self-developed products, we still recommend that this approach be carefully considered. Because this will bring a workload that cannot be ignored, and a long-term product vision needs to be established in order to achieve the desired results. Combine (adopted) We moved ReactiveX (a series of reactive programming open source frameworks) a few years ago to the “adoption” ring of the technology radar. In 2017, we mentioned RxSwift, which can apply reactive programming to Swift-based iOS development. Since then, Apple has launched its own reactive programming framework in the form of Combine. For apps that only support iOS 13 and later, Combine has become the default choice. It is easier to learn than RxSwift and integrates well with SwiftUI. If you want to convert an existing project framework from RxSwift to Combine, or use both in a project, you can learn about RxCombine. Kotlin Flow (experimental) The introduction of Kotlin coroutines opened a door to Kotlin’s innovation-Kotlin Flow, which is directly integrated into the coroutine library, is one of them. Kotlin Flow is an implementation of responsive flow based on coroutines. Unlike RxJava, stream is a Kotlin native API, similar to the familiar sequence API, including map and filter methods. Like sequences, streams are “cold”, which means that the values ​​of the sequence are constructed only when needed. All these features make the writing of multi-threaded code easier and easier to understand than other methods. It is foreseeable that converting a stream into a list through the toList method will become a common pattern in testing. River (evaluation) The core of many machine learning methods is to create a model from a set of training data. Once the model is created, it can be used repeatedly. However, the world is not static, and usually models need to change with the emergence of new data. Simply retraining the model can be very slow and expensive. Incremental learning solves this problem, it makes it possible to learn incrementally from the data stream, thereby reacting to changes more quickly. As an added benefit, computing and memory requirements are lower and predictable. We have accumulated good experience in the implementation based on the River framework, but so far, we need to add verification after the model is updated, sometimes manually.

As of midday’s close, the Shanghai Stock Exchange Index reported 3,14.74 points, up 0.46%; the ChiNext Index reported 13,672.76 points, down 0.05%; the ChiNext Index reported 2,770.81 points, down 0.71%.

On the disk, the sector is generally popular, with liquor, digital currency, coal, second-child concepts, and automobiles leading the list of gains; a few sectors such as semiconductors, sub-new stocks, non-ferrous cobalt, and military industries performed weakly.

[News side]

1. National Bureau of Statistics: In the first quarter, my country’s GDP was 24,931 billion yuan, a year-on-year increase of 18.3% at comparable prices, an increase of 0.6% from the fourth quarter of 2020, an increase of 10.3% from the first quarter of 2019, and an average increase in two years. 5.0%.

2. Civil Aviation Administration of China: China’s air passenger traffic in the first quarter increased by 38% to 102 million passengers, China’s air cargo volume in the first quarter increased by 29% to 1.78 million tons, and the civil aviation cargo volume in March increased by 35% to 655,000 tons.

3. National Bureau of Statistics: The price of pork has been declining year-on-year for several consecutive months. At present, thanks to various measures to maintain supply and stabilize prices, the production capacity of live pigs has been significantly restored. The live pig stock increased by 29.5% year-on-year at the end of the first quarter. The live pig stock has increased sequentially for six consecutive quarters, and the production capacity of live pigs has recovered relatively quickly. From this perspective, there is a basis for the continued decline in pork prices.

【Institution Hot Discussion】

Soochow Securities pointed out that the overall index is still slowly adjusting the rhythm amidst turbulence. The sharp drop in the previous two months may be difficult to occur, but it is indeed not easy to expect the index to have a big chance. However, in this kind of high shock, the activity of individual stocks is not bad. Tickets from large institutions such as nonferrous metals, coal, and steel, as well as tickets for new and high transfers of hot money, have good short-term opportunities. Set stop losses and lighten Warehouse participation is still feasible.

Bairuiying believes that in the short term, the previous view will be maintained, the market is still in the process of bottoming, and energy, confidence and patience will be repeatedly consumed. But there is no need to be impatient. How complicated it is to go here, the strength of the mid-term rebound will be. For now, before the index does not test the clear support of the double bottom of the 3350 line, try to reduce the operation as much as possible and keep the chips within the half position.

A-share market sector and individual stocks ranking

External market

As of press time

“I Love Health BOSS SHOW” premiered on the whole network on April 15th at 1400

It is reported that this “fancy” health show will premiere on the entire network at 14:00 on April 15th, with special invitation comedians and 2020 China Family Health Conference “Healthy Family Recommendation Officer” Li Xueqin, talk show actors Hu Lan and Cheng Lu Come to the scene to help out. The iKang Group’s offline customer experience meeting during the same period will also be broadcast on the spot, and there will be plenty of awards to be softened.

Break the tradition and create the first show of the talk show in the health industry

With the continuous escalation of Chinese people’s awareness of health management, more and more people have begun to pay attention to health and physical examination in the post-epidemic era. The traditional health forum method has solid professional knowledge, but the advanced academic content will inevitably discourage most people.

This time iKang “I Love Health BOSS SHOW” broke the traditional mode of the health industry conference, and tried a talk show conference for the first time, inviting a number of celebrities to help out, creating a “fancy” health show and delivering health in a relaxed and humorous way The concept reveals the many possibilities of future physical examinations.

“I Love Health BOSS SHOW” invited Li Xueqin, Hulan, and Cheng Lu to help out

What kind of sparks will the popular celebrities + health professionals collide with?

Recently, the two fires of “Talk Show Conference” and “Tucao Conference” have heated up the talk show venue. This time Ikang’s “I Love Health BOSS SHOW”, Xueqin, Hulan, and Cheng Lu, three popular celebrities in the talk show airborne, talked about health concepts and embarrassing physical examinations, and they will surely ignite the audience.

Zhang Ligang, founder, chairman and CEO of iKang Group, also linked up with 8 big names in the health field, including two upstarts in the field of genetic testing, to change the “iron face” of the past and use a talk show to talk about the new trend of health management. , Take care of people’s health in all aspects.

Witness the “Break the Circle” Grand Event

Physical examination is no longer limited to fixed basic items. Many years ago, Akcome Group took the lead in proposing personalized physical examination solutions in the industry. In 2017, iKang Group released the “Managed” physical examination 1.0 and launched the iKangCare+ and iKangPartners+ plans. Through the innovation and upgrading of products and services, the physical examination was truly upgraded to a health management service, leading a new round of reforms in the domestic health management industry. . Immediately afterwards, in 2018, the iKang Group’s strategy was upgraded, with the introduction of human-managed physical examination 2.0 and the iKangAI+ and iKangNetwork+ plans, fully embracing artificial intelligence, empowering health management, helping users find, diagnose, and treat earlier, and stick to it. A healthy future for people living in this country.

“I Love Health BOSS SHOW” Zhang Ligang, head of Akcome Group, personally went to battle

At 14:00 on April 15, “I Love Health BOSS SHOW” will be held on People’s Daily Online, Xinhuanet, CCTV, Weibo, Douyin, Beijing News, Economic Observer, Health Times, Financial Circle, 36氪, Sina Simultaneous online premiere on multiple platforms such as technology and Sina Weibo. For more hot information, please pay attention to the iKang Guobin official account and Weibo.