Overseas Network July 4th The first Apple Store direct store in Taiwan Province was grandly opened last Saturday (1st). Some fruit powder found that the receipt of the Apple products purchased in the Apple Taipei 101 direct store said no return, which triggered a discussion among netizens on the return policy of the Apple direct store.

According to the purchase policy of Apple Direct Stores in Taiwan Province announced on Apple’s official website, as can be seen from the webpage, it is indeed clearly listed that "all Apple and Beats products purchased from Apple Direct Stores in Taiwan Province are not allowed to be returned or exchanged."

In addition, "if you are not satisfied with the other products you bought, please return them together with the original receipt and original packaging within 14 days after the purchase date." The announcement policy also pointed out that if you buy a non-Apple original product, that is, a third-party product, if it is found to be defective afterwards, you can return it within 14 days of the purchase date. If the product is intact and undamaged, you can apply for a return or refund.

In this regard, Taiwan Province media verified with Apple’s official, and Apple responded that Apple Store has made corresponding policies and measures for different regions. At present, the sales policies of Apple’s direct stores in Taiwan Province are subject to official website’s announcement. In addition, if you purchase all Apple products online through Apple official website in Taiwan Province, you will enjoy 14-day return service.

The official customer service also suggested that when you buy the on-site inspection machine, you must check it very clearly. If you find any defects or faults, you must ask for replacement immediately. If the machine has been inspected at the scene and the payment is completed, it is found that the purchased product is defective after returning home, and the Apple Direct Store will not accept the return.

However, it can be seen from Apple’s official website that in the mainland direct stores, it enjoys a 14-day return guarantee. This shows the differences in Apple’s sales policies, and this kind of differential treatment also makes many Taiwan Province fruit fans feel chilling.

According to overseas reports, Taiwan Province’s first Apple Store opened in Taipei 101 at 11: 00 am on July 1, attracting Taiwan Province’s "fruit fans" to make a pilgrimage in the morning. Some people even waited in line three days ago, and the crowds were full and endless, with at least 700 to 800 consumers queuing in the morning.

The Apple Direct Store in Taiwan Province is its 497th branch in the world. This time, the Apple Direct Store in Taipei takes "Tree" as the theme, and presents "the beauty of meeting" with huge paper-cutting art, citing the traditional custom of Taiwan Province: in the past agricultural era, every village in Taiwan Province always prepared a pot of tea under the banyan tree at the head of the village, so that travelers passing by could drink it when they were thirsty, and after a short rest, they continued to embark on a brand-new journey. This time, Apple cited the local tradition in Taiwan Province, hoping that Taiwan Province people can exchange ideas, have fun and start again here.

According to the report, after the opening of Apple Direct Store in Taiwan, the biggest benefit for Apple users is "more convenient maintenance". In the past, Apple only had distributors in Taiwan Province and no direct stores. If the products had to be repaired, the distributors had to send them to Singapore for repair. Even if it took only 3-5 working days from receipt to delivery, it would take at least two weeks. In addition, in the past, there was no public price for the maintenance of Taiwanese apples. If they were sent to dealers, they could still have reasonable prices. However, if they were sent to general communication companies, the prices of many parts were uneven and the quality of maintenance was difficult to guarantee, which made Taiwan Province consumers quite troubled. (Comprehensive/Overseas Network Sun Meng)

At present, the cross-border e-commerce industry is very hot, and there are many cross-border e-commerce platforms, such as Amazon, shopee, eBay, lazada, wish, etc., and each platform has its own advantages and disadvantages. Today, let’s talk about the hottest Amazon and Shrimp in the market.

First of all, let’s talk about the markets targeted by the two platforms:

Although Amazon is said to have opened stores all over the world, the sites it pays attention to are Europe Station, North America Station and Japan Station, and other sites have just been established for about a year, and they are still not very stable. Shrimp skin is mainly aimed at the Southeast Asian market. At present, there are seven major sites: Taiwan Province, Malaysia, Indonesia, Thailand, Singapore, Viet Nam and the Philippines. Relatively speaking, Taiwan Province Station is relatively easy to do, because the languages are similar, so Taiwan Province Station can be opened at the first stop.

Mode of platform

Amazon has two modes: FBA and FBM. FBA is the boutique mode. First, it needs a large number of goods to be sent to Amazon’s overseas warehouses, which are delivered by Amazon officials. The advantage is that the logistics cost is low and the timeliness is relatively fast. The disadvantage is that it needs to be stocked. Secondly, it is necessary to ensure that the goods can be sold, and if they cannot be sold, they will lose money. (Novice Xiaobai does not recommend doing FBA directly)

There are two modes of shrimp skin, boutique and distribution. The profit of shrimp skin is not as high as that of Amazon, which is about 30-50%, Amazon is about 40-70%, and special products are about 100-200%. However, the shrimp skin takes the order quantity, and it is no problem for a stable store to pay more than 40 orders a day. Unlike Amazon, Amazon takes the customer unit price, which may be several orders a day, but the customer unit price is high.

Store registration conditions of two platforms

Amazon: business license, dual-currency credit card, mobile phone number, email address and ID card.

Shrimp skin: business license, screenshots of the store’s order flow or capital flow in the past 3 months (any store can be used, such as Pinduoduo, Taobao, JD.COM, Amazon, etc.), QQ number.

Platform service fee

Amazon has no deposit, but the platform has store rent every month, which is 25 pounds for Europe station and 39.9 dollars for North America station, followed by 8-15 points after the store issues the order.

Shrimp skin has no deposit and no rent. In the first three months, shrimp skin still has a certain subsidy for the store. After three months, the platform will charge a 5% commission on the order, which is also deducted from the turnover after the transaction. Basically, it can be said that it is zero cost to open a store.

Communication aspect

Amazon didn’t chat in time. Customer service came and went through email. The seller only needs to reply within 24 hours.

There is timely chat customer service for shrimp skin. The first stop is Taiwan Province site, and the correspondence is sent in the form of traditional Chinese characters. shopee provides some measures for the seller about customer service. Indonesian and Thai sites, Shopee has local customer service teams, through which the seller can communicate with the buyer.

In terms of profit

Amazon’s customer unit price is higher than that of shrimp skin, and the profit is generally 40%-70%. The platform draws 8-15 points. The customer unit price is high and the profit is high, but the order volume is small.

The profit of shrimp skin is not as high as that of Amazon, and the profit of a single order is 30%-50%. However, shrimp skin is in volume, and orders are basically issued in the first week. It is no problem to issue dozens of orders in January. The orders for shrimp skin are not the same as those of domestic e-commerce. The orders for shrimp skin are basically that one buyer buys multiple goods at the same time.

Logistics aspect

The delivery process of Amazon FBM mode is that the store issues the order and sends it to the international transit warehouse, and then the staff of the transit warehouse packs it twice and issues it to foreign countries.

The delivery process of dried shrimps is to send them to the transit warehouse of dried shrimps in China after the store issues the order. There are five warehouses in Shanghai, Guangzhou, Shenzhen, Yiwu and Fujian, which are delivered by dried shrimps officials.

Store operation

All the modes of operation without goods supply are similar. They collect goods from other e-commerce platforms and upload them to their own stores. Amazon earns information difference and exchange rate difference between countries, and shrimp skin earns information difference and price difference. Amazon has no limit on the number of uploaded goods, but the number of new stores is only 1,000 in the first week. After the first week is over 1,000, it will apply to the platform for expansion, which will be unlimited after almost two or three applications. Shrimp skin has a limit on the number of uploaded products in the store. Only 1,000 products can be uploaded in the first month, and the number will be expanded to 3,000 after five orders are issued. At present, the maximum number will be extended to 2,000, and generally new stores will issue orders in the first week.

Prescription aspect

Generally, the logistics time limit of Amazon Europe Station in North America Station is about 25 days before customers receive the goods completely, and usually send air parcels.

The logistics aging of shrimp skin is faster than Amazon, because Southeast Asia is also close to us, usually in 5-10 days.

In terms of expense settlement

Amazon’s settlement method is that Amazon binds its own third-party collection account, and the third-party collection account is bound to my savings card. There will be an exchange rate conversion fee of 0.7, and the payment cycle of Amazon is 14 days, plus the customer receives the goods for about 10 days, which is almost 25 days. Shrimp skin supports P card and pingpong (third-party collection platform) to make payment. The payment cycle of shrimp skin is usually twice a month, at the beginning of the month and in the middle of the month, respectively, and the settlement currency is US dollars except Singapore station using Singapore dollar and Vietnam station using Vietnamese dong.

In fact, these two platforms have their own advantages and disadvantages. Amazon has high customer unit price and high profit, but the operation and logistics timeliness are not as simple as shrimp skin. Shrimp skin has low profit but large quantity, and it is easy to get started and operate. You can see the profit in a short time, and the logistics speed is relatively fast. All these two platforms are good choices at present. The final decision on which platform to choose depends on yourself (source: cross-border e-commerce bigwigs).

The above content belongs to the author’s personal opinion and does not represent Hugo’s position! This article is reproduced with the authorization of the original author, and it needs the authorization and consent of the original author.　

(Source: Cross-border e-commerce incubation)

　　The three major indexes of A-shares were mixed in early trading. By midday, the Shanghai Composite Index rose 0.16%, the Shenzhen Component Index fell 0.24%, the North Stock Exchange 50 fell 1.15%, the Growth Enterprise Market Index fell 0.42%, and the half-day turnover in Shanghai and Shenzhen stock markets was 528.4 billion yuan. More than 2,900 stocks in the two cities rose. Northbound funds sold 1.689 billion yuan in half a day.

　　In terms of plate themes, superconducting concepts, integrated die casting, and 3D printing were among the top gainers; Weight loss drugs, precious metals, innovative drugs and other sectors are floating green.

　　On the disk, superconducting concept stocks changed near midday. (1) The daily limit rose linearly, (2) It rose by more than 16%, and (3), (3), (4) and (4) followed suit. In the news, recently, quantum physicists at Delft University of Technology in the Netherlands proved for the first time that it is possible to control and manipulate spin waves on chips by using superconductors. Auto parts picked up, led by gasification and die-casting, () and () both had daily limit, () rose by over 10%, and (), () and () followed; Liquor stocks surged back in early trading, () rose by more than 6%, () and () rose by more than 3%. In the news, Kweichow Moutai announced that the ex-factory price of Kweichow Moutai will be raised by 53 degrees from today, with an average increase of about 20%. The concept stocks of diet pills pulled back in early trading, () fell more than 7%, while (), (), () and Borui Medicine fell.

　　Plate analysis:

　　Straight flush hot stock list:

　　Transaction review:

　　At 09: 25, A shares opened, the Shanghai Composite Index opened 0.64% higher, the Shenzhen Component Index opened 0.35% higher, the Growth Enterprise Market Index opened 0.04% higher, and liquor stocks rose sharply.

　　At 09:26, liquor stocks rose sharply, Kweichow Moutai approached the daily limit, and LU ZHOU LAO JIAO CO.,LTD, Wuliangye, (), (), () and other stocks rose more than 5%. In the news, Kweichow Moutai announced that the ex-factory price of Kweichow Moutai would be raised by 53 degrees from today, with an average increase of about 20%.

　　At 09:35, the game and media stocks initially rose, () rose by over 7%, and (), (), (), (), () and () surged in succession.

　　At 09:39, the real estate development sector fell at the beginning of the session, () fell more than 5%, followed by (), (), (), () and ().

　　At 09:40, the mask aligner plate fell at the beginning of the session, with (), () and () falling more than 5%, followed by (), () and Maurai Optics.

　　At 09:41, liquor concept stocks surged back. (1) When the daily limit was opened, the increase rate of Kweichow Moutai narrowed to 6%, while Wuliangye, LU ZHOU LAO JIAO CO.,LTD and Shede Liquor declined in succession.

　　At 09:44, the game and media stocks continued to rise, with Baina’s daily limit of 20CM, () and Giant Network’s daily limit, and Glacier Network rose by over 12%. (), Shengtian Network, () and other stocks rose by over 5%.

　　At 09:54, the recombinant protein concept stocks were active, () 3 boards in 4 days, and the nearshore protein once surged by 10%, () and Opmai followed suit.

　　At 10:00, the turnover of Kweichow Moutai reached 10 billion yuan, up by 5.61%.

　　10:00 According to () iFinD data, half an hour after the opening, the turnover of Shanghai and Shenzhen stock markets reached 276.6 billion yuan.

　　At 10: 06, the three A-share indexes collectively turned green, with the Shanghai Composite Index down 0.08%, the Shenzhen Composite Index down 0.55% and the Growth Enterprise Market Index down 0.88%.

　　At 10: 10:10 CRO concept stocks fluctuated lower, () fell by nearly 4%, () and () fell by more than 3%, and (), (), Haoyuan Pharmaceutical and Medici followed suit.

　　At 10:16, the auto parts sector oscillated higher, with (), (), () and () daily limit, () rising by over 11%, (), () rising by over 7%.

　　At 10:47, the Internet e-commerce sector rose, () rose by more than 6%, () rose by more than 3%, and (), (), (), () and so on.

　　At 10: 59, the three major A-share stock indexes rose again, the automobile sector strengthened, and the integrated die-casting direction led the rise.

　　At 11:03, new energy track stocks such as wind power and photovoltaic bottomed out, () rose by over 8%, () rose by over 5%, and (), (), (), () and () rose one after another.

　　News:

　　1. CICC: The A-share market responded positively to previous financial work conferences in a short period of time.

　　() The research report pointed out that this financial work conference should be based on the present and long-term, which will have a positive impact on the current market situation and medium-and long-term development. To sum up, this financial work conference not only clarified the financial orientation and the direction of China’s financial work in the medium and long term, but also made specific and targeted deployment and guidance in light of the current situation. Looking back at the previous financial work conferences, it has played an important role and influence in deploying and coping with the shareholding system reform of state-owned banks, improving the RMB exchange rate formation mechanism, promoting financial openness, improving multi-level capital markets, and building a regulatory framework. From the impact on the capital market, historical experience shows that although it is difficult to simply compare the performance of different range markets and industries, the A-share market has responded positively to previous financial work conferences in the short term. Statistics show that the Shanghai Composite Index rose by a median of about 9% within one month after the previous financial work conferences were held. Combined with the spirit of this meeting, following the the Political Bureau of the Central Committee meeting in July, this meeting will mention "active capital market", which will help to further boost the current investors’ risk appetite; In the medium and long term, the financial work conference’s planning and directional guidance on the financial mechanism system, including the capital market, will help to promote the development of China’s characteristic finance and help Chinese modernization.

　　2. CITIC Securities: the first financial power to promote high-quality development.

　　Citic Securities Research Report pointed out that the Central Financial Work Conference was held on October 30-31, which pointed out that there are still some contradictions and problems in the current financial field, and it is necessary to speed up the construction of a financial power. Accelerating the construction of a financial power and promoting the high-quality development of China’s finance is an important connotation of realizing Chinese modernization, especially under the background that the foundation of economic restoration is still not stable and financial risks still exist. Financial services to the real economy are the focus of this meeting. It is expected that the central bank will pay more attention to cross-cyclical and counter-cyclical adjustment, innovate structural monetary policy tools, support key areas and weak links, and maintain exchange rate stability.

　　3, after nearly six years, the price increase is nearly 20%! Kweichow Moutai: price adjustment made by comprehensive factors

　　According to CBN, the reporter called Kweichow Moutai as an individual investor this morning. The staff of the company’s investor hotline said that it is normal and reasonable for the company to adjust the ex-factory price of some products, because the company fully considered the price adjustment made by the macroeconomic environment and changes in market supply and demand. The company takes into account the long-term development of the enterprise, as well as the ex-factory prices of some products adjusted on the basis of long-term market stability.

　　4. The central bank conducted a 7-day reverse repurchase operation of 391 billion yuan today, and the winning bid rate was 1.80%.

　　The central bank today conducted a 7-day reverse repurchase operation of 391 billion yuan, and the winning bid rate was 1.80%, which was the same as before.

　　5, Feitian price increase by 20%! Kweichow Moutai: the market guidance price remains unchanged, and the inspection and investigation maintain the market order.

　　According to the Securities Times, on the evening of October 31, Kweichow Moutai issued a major announcement. After research, it was decided to raise the ex-factory price of 53%vol Kweichow Moutai (Feitian and Wuxing) from November 1, 2023, with an average increase of about 20%. In this regard, the reporter called Kweichow Moutai as a consumer. The relevant staff of the company said that the company made price adjustment considering the changes in market supply and demand. The price increase mainly involved 53 degrees and 500 ml of Feitian, as well as the same series of specifications of Feitian, 50 ml, 200 ml, 375 ml and 1 liter of Feitian are also the price adjustment categories. At present, the guiding price of Feitian market remains unchanged, but the ex-factory price of dealers has improved. The guiding price of 1,499 yuan/bottle in I Maotai, direct stores and regular specialty stores remains unchanged. For the flying price of nearly 3,000 yuan in the market, the staff said that Feitian Maotai has been in short supply, which is also determined by the market. Maotai has also been doing the maintenance of market order, channel management and policy restraint. The company will also check and investigate, and once it finds behaviors that disrupt market order and harm the interests of enterprises and consumers, it will also deal with them according to laws and regulations.

　　6. Kweichow Moutai announced the price increase! A number of liquor companies: wait and see.

　　According to CBN, regarding the announcement that Kweichow Moutai recently raised the ex-factory price of some Kweichow Moutai, this morning, the reporter called Wuliangye, LU ZHOU LAO JIAO CO.,LTD, () and other liquor companies as individual investors. The staff of Wuliangye investor hotline said that the company has just paid attention to the price adjustment announcement of Kweichow Moutai, and there is no plan to increase the price at present, so it will wait and see. The staff of LU ZHOU LAO JIAO CO.,LTD Investor Hotline said that the price adjustment of Kweichow Moutai has a positive impact on the liquor industry, and the company will carefully consider it. There is no relevant plan for the time being, and the actual announcement shall prevail. In addition, the staff of Shanxi Liquor Investor Hotline said that the company’s products are usually adjusted, but there is no substantial price adjustment, which is a daily price adjustment measure.

　　7. vivo released the self-developed AI model "Blue Heart Model".

　　According to 36Kr, vivo released a self-developed AI model "Blue Heart Model" with 7 billion parameters. Shi Yujian, senior vice president of vivo, said that this is the first model in the mobile phone industry.

In the domestic new energy auto market, the sales performance of Wuling Hongguang MINI EV is far ahead. Although there are more and more competing products in the past two years, it has always firmly held the throne of sales champion. According to the data from the Association, in October this year, Hongguang MINI EV sold 41,255 vehicles in a single month, and the cumulative sales volume from January to October was 338,318 vehicles, ranking first, making Chery QQ ice cream and other competing models far behind.

The power of Hongguang MINI EV not only takes the lead in opening up the market segment of pure electric mini-cars and occupies the right to speak, but also constantly brings forth new ideas to meet the demands of different consumers as much as possible with more products and stronger power.

Nowadays, Hongguang MINI EV has developed from a model to a family, with Hongguang MINIEV, Hongguang MINIEV macaroon, Hongguang MINIEV GAMEBOY and even a convertible version of 99,900 yuan, which makes many young ladies and brothers flock to it.

A few days ago, Hongguang MINIEV macaroon introduced new versions-colorful models and painted models. On the basis of the original, the new car updated the color scheme and the shape of the hub cover, and added some configurations. The price was 46,800 yuan and 52,800 yuan respectively.

At present, all the new models have arrived at the store. Let’s take a look at the real photos below.

This model we shot is a colorful model with a price of 52,800 yuan, and it is also the top version of Hongguang MINIEV macaroon. Its appearance is basically the same as that of the ordinary version of macaroon, except that lavender purple and lime yellow are added, which makes it look more fashionable and fashionable, and it is visually attractive with a white or black roof.

The most eye-catching thing in the front of the car is the left and right square headlight groups, which are equipped with LED headlights and LED daytime running lights, and the effect after lighting is outstanding. In addition, the logo of the front of the car can also be lit, further increasing the recognition and exquisiteness.

The side of the car body is the same as the ordinary model, and the square shape also ensures the interior space. The size of the car body is still 2920x1493x1621mm, the wheelbase is 1940mm, and the design has three doors and four seats.

The English logo of "Macaron" in macaroon at the position of C-pillar indicates the identity of this car.

The newly added petal color matching wheel hub cover makes the visual effect of the whole vehicle more prominent.

The shape of the rear of the car is also consistent with the ordinary version, and the square taillights and headlights echo back and forth.

The interior is basically the same as the ordinary version, but the color scheme is brighter and a little fresh, especially the central control and door position, which looks very delicate.

The center console is simple and unique in shape, with clear functional divisions and easy to use. The streamlined air outlet design is unique, and there is a cup holder in front of the co-driver, which is suitable for putting drinks such as milk tea. In addition, storage compartments and grids are designed at the door and under the central control.

The physical buttons of air conditioner and radio are wrapped in bright yellow decorative strips, which look fresh and beautiful.

The steering wheel is wrapped in plastic, which is simple and practical. In addition, the new car is equipped with the main airbag, tire pressure alarm, rear reversing radar, reversing image, etc. The safety configuration is relatively simple, but it is very practical. After all, the price is there.

The interface of LCD instrument is clear and intuitive, which can display not only the speed, power, mileage information and gear status, but also the display of reversing images, Bluetooth connection and other functions. It is reported that colorful models and color-painted models can also be equipped with navigation and voice control.

The seat is made of imitation leather, although it looks a little thin, but the actual comfort is not bad, and the design of diamond lattice is adopted, which looks more exquisite. In addition, a leather-like decoration is also designed at the position of the door panel, which improves the touch and visual effect.

There are bright words "Macaron" in macaroon on all four seats, and the effect is good.

It is worth mentioning that the new car is equipped with cosmetic mirrors above the driver and passenger, which is very convenient for the young ladies.

There is a reading light above the rearview mirror.

There is not enough space in the back row, after all, it is a car with a wheelbase of less than 2 meters, and the back row is only used for emergency purposes. However, the advantage is that the seat design is good, and it is as fresh and refined as the front row.

In terms of power, both colorful models and painted models provide 20 kW rear motors with a maximum torque of 85N·m and a maximum speed of 100 km/h. There are ternary lithium battery and lithium iron phosphate battery versions to choose from. The colorful model has a cruising range of 120 kilometers and the painted model is 170 kilometers, all of which only support slow charging, and the full time is 6.5 hours and 9 hours respectively.

Generally speaking, although the product strength is relatively simple, as a transportation tool with a price close to the people and a fashionable shape, Hongguang MINIEV is extremely attractive. It is understood that since its listing, Wuling Hongguang MINIEV has accumulated more than 900,000 users’ favor, ranking first in the sales of pure electric vehicles of China brand for 25 months in a row, ranking first in the sales of single new energy vehicles in the world for 7 times, and ranking first in the maintenance rate of pure electric mini-cars with 85.33%. Nowadays, the arrival of macaroon colorful and colorful models with stronger products and more beautiful designs is bound to attract more young people’s attention.

END

　　The Central Meteorological Observatory continued to issue gale blue warning, cold wave orange warning, frozen yellow warning and blizzard yellow warning at 06: 00 on February 22nd.

　　The Central Meteorological Observatory continued to issue a gale blue warning at 06: 00 on February 22:

　　It is estimated that from 08: 00 on February 22 to 08: 00 on February 23, there will be 5~6 winds in parts of central and western Tibet, southwestern Qinghai, Liaodong Peninsula and eastern Yunnan, with gusts of 7~8; The Bohai Sea, the Bohai Strait, the western waters of the Yellow Sea, the western waters of the East China Sea, the Taiwan Province Strait, the east side of Taiwan Province and the northeastern part of the South China Sea will have northerly winds of 7-8 grades and gusts of 9 grades.

　　The Central Meteorological Observatory continued to issue a cold wave orange warning at 06: 00 on February 22:

　　Affected by the cold wave, it is estimated that from 08: 00 on February 22 to 08: 00 on February 23, the temperature will drop by 6 ~ 8℃ in the central, eastern and southern parts of the south of the Yangtze River, the southeastern part of southwest China, and most parts of southern China, among which the temperature will drop by 10 ~ 14℃ in parts of southern Jiangnan, southeastern part of southwest China, northern and western parts of South China. Around the 23rd, the line with the lowest temperature of 0℃ will be pushed south to the areas from southern Jiangsu and Anhui to southern Hunan and southern Guizhou.

　　The Central Meteorological Observatory continued to issue a frozen yellow warning at 06: 00 on February 22:

　　It is estimated that from 08: 00 on February 22 to 08: 00 on February 23, there will be freezing rain or ice particles in parts of central and southern Anhui, southwestern Jiangsu, northwestern Zhejiang, central and eastern Hubei, most of Hunan, northwestern Jiangxi, eastern Guizhou and southeastern Chongqing, with freezing rainfall of 1 mm to 5 mm and local area of more than 10 mm.

　　The Central Meteorological Observatory continued to issue a yellow warning of blizzard at 06: 00 on February 22:

　　It is estimated that there will be heavy snow in parts of southwestern Shaanxi, central Anhui, central and eastern Hubei, northeastern Sichuan Basin, eastern Tibet, southern Qinghai and northwestern Yunnan from 08: 00 on February 22 to 08: 00 on February 23, among which there will be heavy snow (10 mm to 15 mm) in parts of southeastern Tibet and eastern Hubei. The newly added snow depth in some areas above is 3 cm ~ 6 cm, and the local area can reach 8 cm ~ 10 cm.

　　Wuhan, Hubei Province issued an orange warning for road icing, and the ferry was suspended across the board.

　　Wuhan Meteorological Observatory issued an orange warning signal for road icing at 18: 56 on February 21, 2024: It is expected that there will be road icing in Wuhan during the day from the night of the 21st to the 22nd, so please take precautions.

　　Affected by the freezing rain, snow and freezing weather, many ships and routes in Wuhan section of the Yangtze River and Hanjiang River were temporarily suspended. Five ferry routes of Wuhan Ferry (Wuzhong Line, Jizhong Line, Dayu Line, Tianqing Line and Jiangtan Sightseeing Line) have all been suspended. The tour of the two rivers, "Captain 9" and "Glory of the Yangtze River" were suspended, and the performance of "Zhiyin" was suspended. The sailing time will be announced after the river surface has navigation conditions.

　　Most areas in Zhejiang Province were affected by the cold wave and issued 139 weather warning signals within one day.

　　The main body of cold wave has affected most areas of Zhejiang Province and will continue to affect other areas southward. As a result, the temperature in Zhejiang Province has dropped significantly, and the daily average temperature process in most areas has dropped by 10 ~ 15℃. Affected by the southward movement of the main body of the cold wave, thunderstorms and local thunderstorms and strong winds appeared in most parts of central and northern Zhejiang from noon on the 21st, and the maximum hourly rain intensity appeared in Xingwang Village, Kaihua County, reaching a short-term heavy rain. In the evening, there were short-term heavy hailstones in Taizhou, Wenzhou and Lishui.

　　According to the Zhejiang Meteorological Observatory’s early warning platform, as of 21st, Zhejiang Province has intensively issued 139 weather warning signals, including 2 orange warning signals for hail, 24 yellow warning signals for thunderstorm and gale, 45 yellow warning signals for lightning, 40 yellow warning signals for gale, 13 blue warning signals for rainstorm and 11 blue warning signals for cold wave.

　　The temperature in Zhejiang Province is expected to be lower than normal from the 22nd to 26th in the future, and the lowest temperature in the morning is 1 ~ 3℃ except for coastal areas. On the morning of 21st to 23rd, there were 5 ~ 7 grades in inland plains of Zhejiang Province, and 7 ~ 9 grades of gusts in rivers, lakes and mountainous areas. From the night of the 21st to the 23rd, there were 8 ~ 10 northerly gusts in the coastal waters and fishing grounds.

　　A cold wave struck, and many schools in Hunan issued a notice to delay the start of school.

　　Due to the cold wave and bad weather, many schools in Hunan have issued notices to delay the start of school to ensure the safety of teachers and students.

　　On February 21st, the Hunan Meteorological Observatory predicted that freezing rain would continue in central and northern Hunan from the evening of 21st to 23rd, with light snow or sleet in northwest Hunan.

　　On February 20th, Hunan Vocational and Technical College of Posts and Telecommunications issued a notice on adjusting the start time of spring in 2024, saying that due to extreme weather, in order to ensure the safety of school students on their way back to school, the school decided to postpone the original start time of students in spring by one week, and the students reported for duty on March 3rd (Sunday) and formally started classes on March 4th (Monday). The working hours of faculty and staff will remain unchanged as originally planned.

　　In addition, Hunan Railway Vocational and Technical College, Hunan Communications Vocational and Technical College, Hunan Safety Technology Vocational College and other schools have also announced that the time for students to return to school and start school is delayed.

　　The opening hours of primary and secondary schools in some cities and States in Hunan have also been adjusted. Yiyang City Education Bureau informed that due to the influence of freezing rain and snow, in order to ensure the safety of teachers and students, all kinds of schools in Yiyang City (except the third grade of senior high school where students have been reviewing) and other grades (including kindergartens) will be postponed until February 28 or 29. According to the previously announced notice, primary and secondary schools in Yiyang City are scheduled to start school on February 25th and 26th.

　　Comprehensive: CCTV Finance and CCTV News Client

　　Changsha, China Overseas Chinese Network, April 23rd (Zhang Jing by Liu Zhezhi) On the 23rd, the 34th seminar for overseas Chinese professionals to return to China and start businesses, sponsored by the Overseas Chinese Affairs Office of the State Council and undertaken by the Foreign Affairs and Overseas Chinese Affairs Office of the Hunan Provincial People’s Government, started in Changsha.

　　More than 40 overseas talents from 18 countries and regions participated in this activity, 70% of them have doctoral degrees or above, and their fields are related to information technology, energy conservation and environmental protection, new energy and new materials, biomedicine, aerospace, cultural creativity and other industries.

　　During the study, overseas Chinese professionals will familiarize themselves with the innovation and entrepreneurship environment in China and Hunan Province through policy interpretation, discussion and exchange, visits and roadshows, and seek opportunities for cooperation and development.

　　"Now all localities are’ grabbing talents’, and the demand for overseas high-end talents is even greater." Xia Fudong, deputy director of the Department of Economics and Science of the State Council Overseas Chinese Affairs Office, said that at present, China has great support for the introduction of overseas talents and adequate policies. In the lecture of the day, Xia Fudong explained in detail the entrepreneurial situation of overseas Chinese, risk prevention and employment policy for returning to China.

　　Dr. Xiao Bayi, a participant in the seminar and a German "returnee", has set up his own biotechnology company in Changsha. When sharing his own experience, he said that Changsha’s entrepreneurship support policy in recent years is very good. The government attaches importance to talents and hopes that overseas Chinese will join Changsha’s innovation and entrepreneurship team with him.

　　Hu Dongfeng, deputy director of the United Front Work Department of Hunan Provincial Party Committee, pointed out that at present, Hunan is making efforts to create an innovative province and create a new highland for inland reform and opening up. High-level overseas Chinese professionals have broad horizons and extensive contacts, which is exactly what Hunan needs for development. He sincerely invites the participants to come to Hunan to develop and realize the dual values of personal development and social contribution.

　　Wu Yibiao, deputy director of the Foreign Affairs and Overseas Chinese Affairs Office of Hunan Provincial People’s Government, said that Hunan is deepening the "Furong Talent Plan", actively introducing high-end technical talents at home and abroad, and developing and expanding the team of innovative entrepreneurs. Undertaking this seminar is to meet the needs of overseas professionals and the development of Hunan, hoping to build a "Rainbow Bridge" with win-win cooperation.

　　The seminar for overseas Chinese professionals to return to China for entrepreneurship is an important part of the "Overseas Chinese Innovation Action" and "Overseas Talents Serving the Country" of the Overseas Chinese Affairs Office of the State Council. It aims to strengthen entrepreneurship counseling and improve the quality of overseas talents returning to China for innovation and entrepreneurship, which not only creates opportunities for overseas Chinese to show their talents and expand cooperation, but also provides intellectual support for local governments to expand opening up and promote development. (End)

　　Beijing, Jan 9 (Zuo Yukun) If you become the richest man in the world one day, what will you do?

　　The answer given by the world’s new richest man is: keep working.

　　Real-life version of "Iron Man", the speed of wealth rocket soared.

　　These two days, the world’s richest man has changed!

　　As of the morning of 9th Beijing time, Forbes Real-time Rich List shows that the personal assets of Tesla CEO elon musk have reached US$ 189.7 billion (RMB 1,228.308 billion at the latest exchange rate), surpassing Amazon founder Jeff Bezos’s US$ 185.7 billion to become the new richest man in the world.

　　At the same time, the wealth of Zhong Shanshan, the new richest man in China and the sixth richest man in the world, was $95.6 billion, only about half that of Musk.

　　In fact, earlier, the Bloomberg Billionaires Index had pushed this "overbearing president of Silicon Valley" to the top of the world’s wealth.

　　"elon musk, the richest man in the world." On the 7th, a report from Bloomberg reported that Tesla’s share price soared by 7.9% that day, which made Musk surpass Bezos in the Bloomberg Billionaire Index.

　　Bloomberg said that in the past year, thanks to its sustained profits, Tesla’s share price soared. Musk’s wealth is increasing. "This may be the fastest wealth creation in history."

　　It is said that the movie "Iron Man" is based on the story of Musk, and this soaring speed is really like riding a rocket.

　　But soon, Forbes poured a pot of cold water on the rocket. Forbes said that Musk is still the second richest man in the world, and his net worth is still less than Bezos, who ranks first.

　　Fortunately, the "fight" between the two lists ended with the opening of US stocks on the 8th local time. Tesla’s share price continued to rise, and the update of Forbes also made Musk secure the position of the richest man in the world.

　　In this regard, the party Musk is relatively calm. He replied on social media, "That’s weird" and said, "Well, get back to work …"

　　The richest man on earth wants to go to Mars.

　　After becoming the richest man in the world, I went to work the first time. Many people commented that this response was really "Versailles". But this is normal for Musk, because he not only "goes to heaven" but also really wants to "go to heaven".

　　"The most successful and important entrepreneur in the world", The New York Times once commented on Musk. According to the British Broadcasting Corporation (BBC), Musk was addicted to science fiction as a child and liked everything related to electricity. He has a wide range of interests, pays great attention to solar energy and artificial intelligence, and is a "tireless iron man" at work.

　　According to public information, Musk was born in South Africa in 1971. He was obsessed with science since he was a child. He went to Canada to study at the age of 17 and went to college in the United States at the age of 21. At that time, Musk, who was just in his early twenties, began to think about what would have a great impact on the future of mankind.

　　The three answers he gave were Internet, clean energy and space exploration.

　　Therefore, the three companies founded by Musk are PayPal, the world’s largest online payment platform, SPACE X, the first private space exploration technology company, and Tesla, the most well-known new energy automobile giant in China.

　　But all his business layout is for his ultimate dream-going to Mars. "The purpose of increasing your wealth is to hope that human beings can accelerate their progress towards space civilization."

　　Therefore, his Mars immigration plan has also caused many people to ridicule. "Tesla is just a tool for Musk to save money to go to Mars."

　　"If you’re going to be buried somewhere, born on Earth, it’s cool to die on Mars-but not because of the impact." Musk said in a recent interview that he expects to go into space in two or three years and hopes to be buried on Mars after his death.

　　On December 9, 2020, netizens all over the world witnessed Musk’s latest adventure-SpaceX launched the starship SN8. But unfortunately, SN8 crashed about 6 minutes after the successful launch and exploded.

　　Even so, Musk seems to be quite happy. He posted on social media: "We have got all the required data, congratulations to the Space X team!" "Mars, here we come!"

　　After the disaster, Tesla has a "blessing"

　　Musk’s "strong heart" is not born. Not only was there a slight deviation in the means of transportation to Mars this time, but the development of his means of transportation on the earth also experienced many ups and downs.

　　For Musk’s summit, the obvious reason is that Tesla’s share price has been soaring recently.

　　Since November last year, Tesla’s share price has continuously broken through the five barriers of $400, $500, $600, $700 and $800 in just three months. In less than one week of the New Year, the share price has risen from $700 to more than $800, and it has sprinted to $900.

　　As of the close of January 8 local time in the United States, Tesla’s share price closed at $880.02, with a total market value of $834.172 billion.

　　Back in early 2020, Musk’s net worth was "only" US$ 27 billion, ranking among the top 50 in the global rich list. In other words, in one year, Musk’s net worth rose by more than $160 billion. This increase alone exceeds all the assets of Bill Gates, the former richest man and founder of Microsoft.

　　But you know, in 2018, Tesla almost went bankrupt.

　　"This year (the experience) has made me feel five years older. It is the most difficult year in my career, especially painful." Musk once said on social media that Tesla was only about a month away from bankruptcy, when the company was still studying how to mass-produce Model 3.

　　With the continuous climbing of Tesla Giga Shanghai Model 3 production capacity, Tesla "survived". According to the official data released by Tesla at the beginning of this year, the cumulative sales volume of Tesla in 2020 was 499,500 units, basically reaching the planned target of annual sales of 500,000 units.

　　At present, with the help of Tesla, Musk’s road to riches is still full of stamina. A few days ago, Tesla China announced that the price of Model Y would be reduced by 160,000 yuan, and the pre-sale official website was instantly squeezed. In just a few days, the order volume has been scheduled for the second quarter of 2021.

　　Therefore, Morgan Stanley analysts, one of the world’s four largest investment banks, believe that Tesla’s sales expectations are expected to reach a new high. For Musk, who owns 20.8% of Tesla shares, his wealth may be astronomical in the near future.

　　The richest man in the world just wants to rent a house.

　　Speaking of this, Musk wants to "Versailles" again-"What if there is so much money, my house is rented."

　　Musk said in an interview with foreign media a few days ago that his main properties have been sold, and other properties are also being shot. Two months ago, Musk just sold his house in Los Angeles, and it was bought by a China.

　　"If I am busy, I prefer to sleep directly in the factory or office. If my children are there, I still need a place to live, so I tend to rent a place. However, in fact, many times I am alone, so I really don’t need a big house. " Musk said.

　　Many times, Musk, who is alone, is actually the father of six children. He had three marriages and five children with two women. Last May, he also had his first baby with his current girlfriend Grimes.

　　The marriage of the super-rich often involves more property disputes. You know, the divorce between Bezos, the former richest man in the world, and his ex-wife Mackenzie is "the most expensive divorce in history". According to Bloomberg News, if it weren’t for the divorce, Bezos’ wealth would still be ahead of Musk.

　　However, because Musk is very cautious about signing pre-marital or post-marital agreements and extremely active in the division of property during divorce, his ex-wives also have very limited wealth from divorce. From this point of view, even if Musk gets married and divorces in the future, it probably won’t have much impact on his own wealth.

　　Musk has become the richest man in the world and is still a careful "workaholic". Don’t say anything, let’s continue to work! (End)

　　Tonight (May 25th), Zhongguancun Forum 2023 opened in Beijing. At the opening ceremony, ten major scientific and technological achievements in the construction of Beijing International Science and Technology Innovation Center were released.

　　Major scientific and technological achievement 1: Evaluation report on the construction of Beijing International Science and Technology Innovation Center

　　Beijing International Science and Technology Innovation Center is accelerating its construction. Entrusted by the Ministry of Science and Technology, China Academy of Engineering fully evaluated the construction of Beijing International Science and Technology Innovation Center, and formed an evaluation report. According to the assessment, Beijing’s original innovation and the supply capacity of science and technology sources have been improved, and a demonstration exploration has been made in establishing a new national system, and a science and technology innovation center with global influence has been initially established.

　　Major scientific and technological achievements II: Important progress and achievements of Zhongguancun’s pilot reform.

　　In November, 2021, the 22nd meeting of the Central Committee for Comprehensively Deepening Reform deliberated and adopted the "Several Measures on Supporting Zhongguancun National Independent Innovation Demonstration Zone to Carry out High-level Scientific and Technological Self-reliance and Self-improvement", and took the lead in exploring a series of major reform measures in the core area of Zhongguancun. At present, a total of 58 supporting policies have been issued, and important progress has been made and obvious results have been achieved.

　　The motivation of R&D investment of enterprises has been greatly improved, and more than 10,000 enterprises have enjoyed the policies of basic research tax pilot and the proportion of R&D expenses of small and medium-sized scientific and technological enterprises has been increased to 100%, with an additional deduction of more than 30 billion yuan.

　　Industry-University-Research’s deep integration has been continuously strengthened, and the "use first and pay later" pilot of scientific and technological achievements has attracted nearly 1,000 patent services from universities and research institutes to innovate. Support the formation of a group of innovative consortia led by leading scientific and technological enterprises.

　　The training and introduction of talents have been further strengthened, and the joint training of graduate students by new R&D institutions and universities has been normalized.

　　Zhongguancun’s pilot reform measures will be promoted to the whole demonstration area.

　　Major scientific and technological achievement 3: a new generation of 256-core blockchain dedicated acceleration chip

　　Beijing Microchip Blockchain and Edge Computing Research Institute strengthened the original innovation and successfully developed a new generation of 256-core high-performance blockchain acceleration chips. This chip integrates strong computing power and high security, dispatches 256 cores for multi-thread concurrent operation, can handle 1 million blockchain intelligent contract transactions per second, and provides efficient privacy computing capability to realize "data is available and invisible", which can support the construction of a new digital infrastructure with high performance, high credibility and high security.

　　The fourth major scientific and technological achievement: ultra-fast instantaneous energy band regulation of semiconductor black phosphorus

　　The interaction between light and matter is an important means to explore the micro-physical mechanism of low-dimensional quantum materials such as graphene, topology and superconductivity, among which ultra-short and ultra-intense pulsed laser can also be used as an effective means to regulate the electronic structure and state of matter. Using femtosecond pulsed laser, Tsinghua University scientific research team filmed the "movie" of electronic structure evolution with time on the ultra-fast time scale of one trillionth of a second, and realized the measurement and instantaneous regulation of non-equilibrium electronic structure. Using this technology, the research team observed the instantaneous energy band regulation in the semiconductor material black phosphorus for the first time, that is, the electronic structure of black phosphorus evolved from the parabolic shape of equilibrium to the shape of "Mexican hat", and successfully rewritten the "gene" of black phosphorus by femtosecond laser. This important scientific discovery not only expands the frontier of non-equilibrium physics knowledge, but also lays a solid foundation for the future ultra-fast time scale regulation of material properties, which indicates that China has made important progress in the international frontier research field of non-equilibrium physics in condensed matter physics and material science.

　　Major scientific and technological achievement 5: reprogramming system of human cytochemistry

　　Pluripotent stem cells have unlimited self-renewal and differentiation into all functional cell types of organisms. These magical characteristics make them widely used in cell therapy, drug screening and other fields, and they are the most critical "seed cells" in the field of regenerative medicine. For the first time in the world, Peking University’s scientific research team achieved a major breakthrough in using small chemical molecules to regulate the fate of cells. Through the establishment of human cytochemical reprogramming method, the transformation of different somatic cell types was realized, human skin cells were transformed into pluripotent stem cells, and islet cells were successfully prepared. Compared with the traditional technology, the chemical reprogramming system is safer and simpler, easy to standardize and control, and solves the underlying technical problems in the development of stem cells and regenerative medicine.

　　Major scientific and technological achievement 6: a new generation of quantum computing cloud platform

　　Quantum computing cloud platform is the combination of quantum computer and cloud computing technology, and it is the display of comprehensive performance of quantum computing. A large-scale and stable quantum computing cloud platform was born in Beijing Institute of Quantum Information Science and named "Quantum Future -QUAFU". Superconducting quantum chips with 136, 18 and 10 qubits have been launched on the platform, which is the largest cloud platform with the highest number of bits per chip in China, and has achieved completely independent research and development and localization. The platform is compatible with the international standard of open quantum assembly language, and provides users with a quantum computing platform that is convenient for submitting computing tasks and carrying out important scientific research. The control and reading accuracy of the platform exceeds 98%, reaching the international advanced level.

　　Major scientific and technological achievement VII: escape mechanism of humoral immunity and characteristics of mutation evolution in Covid-19.

　　The research team of Changping Laboratory independently developed Qualcomm-based deep mutation scanning technology, which cracked the escape mechanism of various amino acid mutations of Omicron strain in COVID-19 to neutralizing antibodies, first revealed the phenomenon and principle of Covid-19’s convergent evolution, and constructed the evolution prediction model of Covid-19 receptor binding domain (RBD) for the first time in the world, and accurately predicted the future evolution trend of related strains, providing key theoretical and technical support for the development of antibody drugs and broad-spectrum vaccines.

　　Major scientific and technological achievement VIII: technological revolution and strategic breakthrough of continental shale oil

　　China Petroleum and Natural Gas Group Co., Ltd. innovated the geological theory of in-source enrichment of continental shale oil, established five key technical systems, such as experimental characterization of continental shale oil occurrence, evaluation of "dessert area/section", rotary steering optimal drilling, horizontal well volume fracturing development, and advanced reserve of underground shale heating conversion, and formed a number of independent intellectual property rights, including 11 national and industrial standards and 168 invention patents, and built three countries, including Gulong in Songliao Basin, Longdong in Ordos Basin and Jimsar in Junggar Basin.

　　Major scientific and technological achievements IX: China discipline and frontier field 2035 development strategy series

　　"China discipline and frontier field 2035 development strategy series" was officially released. The series was jointly organized by China Academy of Sciences and the National Natural Science Foundation of China, and invited more than 3,000 academicians and experts in related fields to study together. It took three years to form a series of 38 books, covering the development of China disciplines and frontier fields such as artificial intelligence, synthetic science and advanced materials, which will become an important reference for the development of science and technology.

　　Major scientific and technological achievement X: International scientific and technological organizations landed in Beijing

　　At present, international scientific and technological organizations such as International Hydrogen Fuel Cell Association, World Robotics Cooperation Organization, International Intelligent Manufacturing Alliance, International Intermediate Science Organization and Asian Simulation Alliance have successively landed in Beijing. Beijing will build an international science and technology organization headquarters cluster in Chaoyang District, attracting more international organizations to land and empowering the international science and technology innovation center to further integrate into the global innovation network.

　　(Headquarters reporter Wang Shengdong Yin Yinan)

foreword

In general, the second-hand car market in China and the second-hand car market in the United States are also facing the challenges brought by the Internet and e-commerce, but there is still a big gap between the two sides in land policy and market environment, so it is impossible to make a parallel comparison. However, whether in China or the United States, the used car industry has entered the era of online and offline all-round war, and the lack of any link may make used car retailers at a disadvantage in the competition.

The used car market in the United States is highly dispersed. According to the data of the used car industry in the United States, there were about 40 million used cars sold in the United States in 2017, of which about 22 million were between 0 and 10 years old. There are about 18,000 franchised dealers in the United States (similar to domestic 4S stores). CarMax thinks this is their main retail competitor. Franchisees sell both new and used cars, so they master most of the new used cars. Franchisees also use their franchise relationship with automobile manufacturers to mark some used cars as "officially certified used cars", which is an advantage that ordinary used car retailers do not have, and CarMax is no exception.

Of course, in addition to franchised dealers, second-hand car retailers will also face competition from independent second-hand car dealers, e-commerce platforms and C2C trading organizations.

Established in 1996, CarMax, a second-hand car retailer, showed in its latest financial report that it has retailed 71,512 second-hand cars. With this achievement, CarMax has ranked first among second-hand car retailers in the United States.In addition, CarMax is one of the largest wholesale vehicle auction operators in the United States and one of the largest used car financing providers in the United States.

A long history does not mean that CarMax is complacent. In FY 2018, about 90% of customers who bought vehicles from CarMax first visited websites or mobile applications online.

Overview of CARMAX FY 2018 data

Today, we will briefly outline the commercial prototype of the largest used car retailer in the United States from three parts: retail, auction and finance.

retail

According to the latest annual report of CarMax, the company currently has 188 used car stores in the United States, of which 111 stores are located on their own land and 77 stores use leased land.. In FY 2019, CarMax plans to open 15 stores. In FY 2020, CarMax plans to open 13-16 stores.. At present, the number of CarMax employees has exceeded 25,000. In terms of vehicle sources, most of them come from individual car owners, and a smaller part comes from wholesalers, franchisees and independent dealers, and leasing companies.

The second-hand car business in the United States is also seasonal, with the strongest traffic and sales in spring and summer. Sales usually grow the slowest in autumn. In February and March, the traffic and sales of used car retailers began to increase, which coincided with the federal income tax rebate season in the United States.

The second-hand car industry in China also has seasonal laws, which started to decline in December of the previous year and gradually picked up in July.

The car purchase process in CarMax stores is different from the traditional American car retail experience. First of all, CarMax provides a free evaluation for the vehicle, and also provides a written quotation for the owner. After purchasing used cars, CarMax refurbished each used car to meet the relevant quality certification standards. This process includes checking the engine and all major systems. CarMax quality certification standards are developed by CarMax internally and are not affiliated with any third party or original equipment manufacturer. CarMax has the cost of renovation and maintenance in the quotation to consumers. Almost all used car shops in CarMax provide vehicle maintenance services, and the larger stores even have renovation services, which is similar to having the qualification and ability of a domestic first-class repair shop.

CarMax every used car must pass the inspection before it is sold, and promises to get a refund within five days. Each car is also provided with a 30-day limited warranty service, and some paid extended warranty services and financial services are provided to consumers.

Among the domestic second-hand car retail e-commerce companies, Renren, Guazi and Youxin have also adopted the methods of self-construction, joint venture or selection of a third party for second-hand car servicing. The preparation of used cars has a great influence on the price of vehicles and the consumer experience in the process of vehicle sale.

CarMax will transfer almost all the used cars in the inventory to local stores, and the storage is the store. In addition to retailing used vehicles, CarMax also sells new vehicles in two locations under franchise agreements. The integration of warehouses and doors and the sale of new cars are also one of the focuses of domestic used car e-commerce players.

auction

It is worth noting that CarMax pays attention to used cars of 0-10 years old; These vehicles usually cost between $11,000 and $35,000. CarMax evaluates vehicles by age, mileage or condition, and less than half of them meet its retail standards. Vehicles that do not meet the retail standards will be auctioned to franchisees through CarMax’s on-site wholesale auction.

In the United States, CarMax car auction market has two main competitors: Manheim, a subsidiary of Cox Enterprises, and KAR auction service company, which together account for 70% of the wholesale car auction market in North America. These competitors auction vehicles of all ages, while CarMax’s auction mainly sells older vehicles with higher mileage.

At present, the vehicles sold in CarMax wholesale auction are about 10 years old and have more than 100,000 miles. Dealers pay CarMax a certain percentage according to the sales price of the vehicles they buy. Its auction activities are usually held once a week or once every two weeks.　

In other words, retailers who have the ability to obtain car sources from the C end will have more and better used car sources, while retailers like CarMax may keep good car sources for themselves and auction almost used cars to other players. Generally speaking, the ability to collect cars independently is very important in the used car industry.

Previously, Dasou car carried out an advertising campaign in the name of car dealers, one of the purposes of which was to strengthen the car dealers’ car collection ability and ensure that car dealers in the system maintained a strong C-end car collection ability.

At present, there are many e-commerce companies engaged in the auction of used cars in China, including Cheyi Auction, Youxin Auction, Alliance Auction, Weipu Used Car Auction and Daily Auction. Even a number of C2C second-hand car e-commerce companies have begun to actively deploy auction modes, such as the speed auctions of many car groups and the quick sales of everyone under Renren.

finance

In addition to the trading link, CarMax Auto Finance (CAF) is also one of the main sources of the company’s revenue. According to its financial report, as of February 28, 2018,CAFTotal revenue in fiscal year 2018$421.2 million,Compared with FY 2017, it increased by 14.1%.CAFIn its $11.62 billion managed accounts receivable portfolio, it is about895,000 customer accountsprovide services. However, it is worth mentioning that CAF is not the most important participant in automobile consumption finance, and the mainstream players are still banks, exclusive financial departments of new car manufacturers, credit cooperatives and independent financial companies.

Overview of CarMax automobile finance

CAF’s main competitors are banks and credit cooperatives that provide direct financing to customers who buy used cars. The main driving force of CAF’s growth is the growth of CarMax retail used car sales, and typical transactions drive financial growth.

The increase of CAF income is mainly due to the increase of average management accounts receivable and the decrease of loan loss reserve, which is partly offset by the lower percentage of total interest rate.

CarMax auto finance is mainly oriented to the retail market, and there are many players in China, such as Murray Finance and Youxin Finance. China used car e-commerce company also provides B2B storage services for used car dealers, and the main players are the No.1 car loan and the used car home. Earlier, the IPO financial report of Youxin showed that Youxin also participated in the second-hand car storage service.

Competition from Internet and E-commerce

However, it is undeniable that in the United States, the Internet is increasingly used in the second-hand car market. Buying and selling second-hand cars and providing vehicle financing may have a significant adverse impact on the sales and operating performance of CarMax.

American second-hand car retailers also face competitors from e-commerce, including second-hand car pricing information can be queried online, which makes it difficult for second-hand car dealers to distinguish their customers’ products from competitors’ products, resulting in a decline in retail profit margins. Although search engines and online classification websites are not the direct competitors of American used car retailers, online traffic is directed to the websites of competitive car retailers, which makes the competition of used car retailers more diversified.

It is more and more difficult to sell used cars through a single channel (whether online or offline), which is similar to the environment faced by domestic used car retailers.

For example, some websites provide consumers with online evaluation tools to generate quotations and promote consumers to buy at any used car retailer, and evaluation tools have become one of the entrances to used car transactions. There are also a large number of online appraisal companies in China, such as blueprint price, fair price, accurate appraisal, car 300 and car E appraisal. CarMax believes that online evaluation tools may increase the purchase cost of used car retailers because of price transparency.

In addition to the Internet and e-commerce, some companies in the United States sell software and data solutions to new and used car dealers, so that these dealers can provide source and price inventory more effectively. Domestic second-hand car management system providers include Big Windmill, Car Win, Car Netcom, Car Visitors and so on.

In general, the second-hand car market in China and the second-hand car market in the United States are also facing the changes brought by the Internet and e-commerce, but there is still a big gap between the two sides in land policy and market environment, so it is impossible to make a parallel comparison. However, whether in China or the United States, the used car industry has entered the era of online and offline all-round war, and the lack of any link may make used car retailers at a disadvantage in the competition.

— END —

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Subject: Plan B: From Supply Chain to Value Chain

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　　CCTV News:The website of Northwest Normal University released a briefing on September 29th: In the process of recommending excellent fresh graduates in 2024 to study for postgraduate work without examination, due to serious work mistakes of the staff, the number of graduate students who were exempted from publicity exceeded the quota of the exemption plan. After discovering the problem, the school has withdrawn the quota of the excess exemption scheme and explained it to the affected students. To this end, the school apologizes.

　　The occurrence of this incident reflects that the school’s work style is lax and untrue, and the school has an unshirkable management responsibility for this. At present, the school has suspended the relevant responsible persons for inspection, and set up a special investigation team to start the accountability procedure. The dereliction of duty found in the investigation will be dealt with seriously according to the rules and regulations, and the investigation and handling results will be notified in time.