分类： cc

　　On April 28th, the first quarterly report of 2022 released by Shouyao Holdings recently triggered a heated discussion, in which the operating income was only 707 yuan, down 99.98% year-on-year. Some investors teased whether the unit "10,000 yuan" was misspelled. Yinshi Finance reporter noticed that there was market news that the staff suspected of holding the first drug revealed in a pharmaceutical industry exchange group that the above income was "selling a second-hand incubator". Regarding the above-mentioned news about the sale of incubators, the relevant person of the Securities Department of Shouyi Holding told reporters that the specific business situation will be verified with the Finance Department, which may indeed be like the news that the reporter saw. At the same time, it said that the company is mainly engaged in the research and development of new drugs, including anticancer drugs and type II diabetes. At present, the fastest product is clinical phase II/III, and there are no commercial products approved for listing. At present, the company does not have main income. I hope that everyone will pay more attention to the company’s research and development progress. The reporter learned from the industry that pharmaceutical companies are in a special situation. Article 5 of the science and technology innovation board Listing Standard allows pharmaceutical companies to declare IPOs when their core products enter the second phase of clinical trials. Therefore, it is not uncommon for products to be commercialized and their revenues to be low. (Yinshi Finance)

　　Read more

　　Shouyao Holdings released its first quarterly report after listing: its revenue in a single quarter was 708 yuan, and its market value was less than 3 billion yuan.

　　On April 27th, Shouyao Holdings -U(688197,SH) (hereinafter referred to as Shouyao Holdings) released its first quarterly report after listing. In the first quarter of this year, the company’s revenue was only 707.96 yuan and its net profit loss was 50.6623 million yuan. The listed companies’ revenue less than that of 1000 yuan in a single quarter also triggered a heated discussion among investors.

　　However, there are indeed special reasons for Shouyao Holdings to hand over such transcripts. Up to now, the company’s products are in the research and development stage, and there are no drugs approved for marketing. However, on the other hand, the lack of performance support makes it difficult for the share price of Shouyao Holdings to perform well. On the face of it, the company’s share price broke on the day of listing and has continued to fall since then. Up to now, the total market value of the company’s shares has been less than 3 billion yuan, which is different from the "estimated market value of not less than 4 billion yuan" required by the fifth set of listing standards in science and technology innovation board.

　　Single-quarter loss expansion

　　According to the first quarterly report of Shouyao Holdings in 2022, the company achieved a revenue of 7.0796 yuan, down 99.98% year-on-year, and a net profit loss of 50.6623 million yuan. In the first quarter, the company’s R&D investment totaled 46.1181 million yuan, a year-on-year increase of 40.40%. In the first quarter of last year, the revenue of Shouyao Holdings was 4 million yuan and the net profit loss was 34.6864 million yuan. In the second, third and fourth quarters of last year, the company’s net profit lost 34.9066 million yuan, 34.323 million yuan and 41.0053 million yuan respectively. In contrast, the company’s losses in the first quarter of this year have expanded.

　　Previously, Shouyao Holdings stated in the listing announcement that, in combination with the actual operating conditions, it is estimated that the company will realize an operating income of 0,000 yuan to 2 million yuan from January to March, which is mainly affected by factors such as the progress of cooperative drug research and development; With the increase of R&D investment, it is estimated that the company will still be in a loss state from January to March, with a net profit of-50 million yuan to-30 million yuan. The actual performance of the company in the first quarter is basically in line with the above forecast.

　　"Where did you earn 707.96 yuan? Sell waste paper and old office furniture? " "The revenue is not enough for my utilities" and "Will this quarterly report be a bit too ridiculous" … Investors in the stock bar have some complaints about this.

　　For the sharp decline in performance in the first quarter of this year, listed companies said that the company’s revenue from drug cooperative development has not yet reached the settlement period during the reporting period, and the revenue from drug cooperative development has not been confirmed in this period, a decrease of 4 million yuan compared with the same period of last year.

　　On the afternoon of April 28th, the reporter of national business daily called the Secretary-General’s Office of Shouyao Holdings. Relevant persons said that at present, the company is still in the research and development stage, and there is no real product listing and commercial sales, which makes the company not form a large-scale revenue.

　　Shouyao Holdings is a small molecule innovative drug company in the clinical research stage, and its research and development pipeline covers key tumor indications such as non-small cell lung cancer, lymphoma, hepatocellular carcinoma, pancreatic cancer, thyroid cancer, ovarian cancer, leukemia and other important disease fields such as type II diabetes. Previously, the company also clearly stated in the prospectus: "At present, the company has no products listed, and there is no drug sales revenue, and there is still great uncertainty about whether and when the products can be listed. The company will not be able to generate product sales revenue in a certain period of time in the future."

　　It is reported that the core products SY-707 and SY-3505 of Shouyao Holdings are ALK (anaplasticlymphomakinase) inhibitors; Among them, SY-707 belongs to the second generation ALK kinase small molecule inhibitor, which has been approved by National Medical Products Administration Drug Evaluation Center, and can apply for conditional approval for marketing after the results of Phase II clinical trials reach expectations.

　　For the research and development progress of the company’s products, the above-mentioned people of Shouyi Holdings believe that the progress of new drug research and development cannot give a clear timetable, after all, it is accompanied by greater research and development risks; However, the company will disclose the R&D progress at the corresponding time node according to the relevant requirements of science and technology innovation board.

　　The market value has shrunk significantly.

　　It is worth mentioning that Shouyao Holdings was not listed by virtue of its performance conditions. "The company is an innovative drug research and development enterprise that applies the fifth set of listing standards." The company once said so. The fifth set of listing standards in science and technology innovation board is: "The estimated market value is not less than 4 billion yuan, and the main business or products need to be approved by the relevant state departments, with a large market space. At present, it has achieved phased results and obtained a certain amount of investment from well-known investment institutions. Enterprises in the pharmaceutical industry need to obtain at least one second-phase clinical trial approval for a first-class new drug, and other enterprises that meet the positioning of science and technology innovation board need to have obvious technical advantages and meet the corresponding conditions. "

　　Judging from the short-term performance of the first drug holding stock after listing, the company has drifted away from the market value of 4 billion yuan.

　　In March this year, Shouyao Holdings completed the listing and issuance, and the company issued 37.18 million shares, with the issue price of 39.90 yuan per share, the total raised funds was 1.483 billion yuan, and the net raised funds was 1.374 billion yuan. On March 23rd, the company’s stock was officially listed in science and technology innovation board.

　　However, the share price of Shouyao Holdings broke on the first day of listing, once rebounded to 35.98 yuan/share, and finally closed at 32.11 yuan/share. Since then, the company’s share price has also continued to decline. As of the close of April 28th, the company’s share price closed at 17.97 yuan/share, with a total market value of 2.672 billion yuan.

　　The Long March 4 C-Yao 51 carrier rocket ignited and lifted off at Taiyuan Satellite Launch Center. Photo courtesy of photochina Aerospace Science and Technology Group

　　At 6: 41 on March 10, 2023, the Long March-4 C-51 carrier rocket blasted off from Taiyuan Satellite Launch Center, and successfully put Tianhui-6 A/B star into the scheduled orbit with one arrow and two stars. The launch mission was a complete success.

　　The Paper reporter learned from the Eighth Academy of China Aerospace Science and Technology Corporation that the Long March 4 C carrier rocket carrying out this launch mission is a three-stage liquid carrier rocket at room temperature developed by the Eighth Academy. According to different types of satellites, the Long March 4 rocket can adopt flexible launch schemes, and has the ability to launch various types of satellites with different orbital requirements. It can launch one arrow, one satellite or multiple satellites, and its solar synchronous circular orbit carrying capacity can reach 3 tons (orbital height is 700 kilometers). The satellite launched this time was developed by Dongfanghong Satellite Co., Ltd., which belongs to the Fifth Academy.

　　Transshipment of canopy assembly

　　This launch is the first launch mission in the field of transportation in the Eighth Hospital after the Spring Festival, and it is also the first flight of Chang-4 model with attitude control and full redundancy design. In order to complete the task under the current high-density launch situation with higher quality and efficiency, Chang-4 model upgraded the attitude control engine products from the aspects of manufacturability, reliability and safety, and at the same time realized the redundancy of three-channel attitude control actuators in the nonlinear section, and the reliability was further improved.

　　Taiyuan in March is experiencing a late spring cold, and the lowest temperature once reached -21℃. With the strong cooperation of the launch site, the model test team has done a good job in thermal insulation measures for the arrow body and staff by sealing the bottom tower, increasing the air supply temperature, and sticking thermal insulation layers on the fairing and transition cabin.

　　For the first time, the model characteristic logo was published on the body of this rocket. One horizontal arrow is a landmark building in Shanghai, representing the birthplace of the rocket.

　　It is worth mentioning that the model characteristic logo is also disclosed for the first time on the arrow body of this invention, and the Arabic numeral "4" full of design sense shows the unique imprint of this gold medal rocket. Among them, yiheng is a landmark building in Shanghai, representing the birthplace of rockets; A vertical outline of the shape of the Changsi rocket; The two are connected by a beautiful three-stage trajectory of the Changsi rocket, which represents the characteristics of the model three-stage rocket; The two stars represent the honor that Changsi model won the national special prize for scientific and technological progress twice.

　　This launch is the 97th launch of cz-4, the 183rd launch of the Long March series of launch vehicles developed by the Eighth Academy, and the 465th launch of the Long March series of launch vehicles.

　　Reference News Network reported on May 29 (Text/Liu Tong Rui Sike)The old horse finally made a move, and even burned two fires.

　　According to Singapore’s Lianhe Zaobao on the 28th, newly elected Malaysian Prime Minister Mahathir confirmed on the same day that the Malaysian government had decided to terminate the high-speed rail plan from Kuala Lumpur to Singapore.

　　A few days ago, Mahathir just announced that he would reassess the East Coast Railway Project.

Mahathir

　　Coincidentally, these two projects led by the former Malaysian government have one thing in common — — Are related to enterprises in China:

　　The East Coast Railway Project was undertaken by China Jiaojian, with loans mainly provided by The Export-Import Bank of China. One of the strong bidders for Xinlong High-speed Railway is also from China.

　　As a result, this "coincidence" has become a new "evidence" for some foreign media to speculate on "Malaysia’s China policy turn" in recent days.

　　But is this really the case?

　　I believe that after reading this tweet, you will have your own answer.

　　The Malaysian political situation has changed, and the China project has been "lying down"

　　"This is the final decision." At the press conference held on the 28th to announce the decision to terminate the Xinlong high-speed rail project, Mahathir said categorically.

　　The reason he gave was that the project "can’t bring us a penny of income".

Mahathir at the press conference

　　Lianhe Zaobao said that Singapore and Malaysia signed a bilateral agreement on Xinlong high-speed rail in Kuala Lumpur on December 13, 2016. If Malaysia defaults, it must pay a huge sum of money.

　　As the name implies, the Xinlong high-speed railway will connect Singapore with Kuala Lumpur, Malaysia, with a total length of 350 kilometers. Before being stopped, the project bidding has not yet ended. If it is completed, it will only take 1 hour and 30 minutes for passengers to travel between Kuala Lumpur and Singapore by high-speed train.

　　Although the specific cost amount of Xinlong High-speed Railway has never been disclosed, Bloomberg pointed out in a report on the 28th that Mahathir claimed to stop the project to avoid "bankruptcy" of the country because of too much investment and too little income.

　　It is reported that Mahathir said that he would renegotiate the East Coast Railway Project with China for the same reason.

Bloomberg report screenshot

　　As the largest project currently under construction in Malaysia, the East Coast Railway Project has a total length of 688 kilometers and a cost of 13.8 billion US dollars. It crosses the Malay Peninsula and connects Kuala Lumpur with Kelantan in the north. The groundbreaking ceremony of the project was held in August last year, and the construction period is expected to be from 2017 to 2024.

　　Reuters quoted Mahathir as saying that Malaysia is expected to reduce nearly one-fifth of its $250 billion national debt and debt by canceling large-scale projects.

　　At the same time, foreign media pointed out that Mahathir’s move was directed at former Prime Minister Najib — — After being sworn in, Mahathir immediately ordered a re-investigation of Najib’s "one horse case". Previously, Najib was accused of misappropriating funds from Yima Company.

　　According to the analysis of Nikkei Chinese Network on 16th, Mahathir’s background of accelerating the investigation of Najib’s responsibility is that he hopes to maintain people’s expectations of the new regime by quickly responding to the corruption problem with strong national dissatisfaction, so as to push the regime operation onto the track.

　　However, whether it is to reduce the national debt or to start the first shot of anti-corruption, in the eyes of individual foreign media, these reasons do not seem important.

　　As reported by CNBC on May 10th, USA, it was very definitely announced that the Malaysian election results were shocking and the China project would be affected.

　　The report also quoted a Japanese economist as saying that it was "not surprising" that the China project was affected.

Concept map of Xinlong high-speed railway station

　　Yesterday, Mahathir’s latest statement made foreign media once again speculate on the fate of the China project.

　　Even the Xinlong High-speed Railway, whose bidding has not yet ended, has been directly classified as "China Project".

　　"Mahathir stopped the high-speed rail plan and the impact involved China." The Nikkei Chinese website reported on this topic on the 29th. You know, Japan was one of the most promising countries to win the bid for the Xinlong high-speed railway.

　　Compared with the anxiety of Japan and Singapore, Mahathir’s position on China is very clear — —

　　While foreign media have expressed concern about the situation of China project in Malaysia and even the relationship between China and Malaysia, in fact, the situation of the other two countries may be more worthy of "concern".

　　They are the other two protagonists in the Xinlong high-speed rail project — — Singapore and Japan.

　　The website of Japan Times reported on the 29th that Mahathir’s decision shocked the Singapore government, and Singapore was observing the impact of Mahathir’s return to politics on the country.

《Screenshot of the website report of Japan Times

　　In order to win the Xinlong high-speed rail project, Japan has been working hard for several years. Not only did 10 companies form an enterprise alliance to bid, but the Japanese government-enterprise joint venture fund "Overseas Transportation and Urban Development Support Agency" also provided support. Once the project is terminated, the impact on Japan can be imagined.

　　Compared with the "uncertainty" faced by Singapore and Japan after Mahathir took office, Mahathir’s recent statements to China seem to be much clearer.

　　After being sworn in on May 10th, Mahathir immediately sent the clearest signal about China policy, saying that Kuala Lumpur would continue to consolidate friendly relations with Beijing and support the Belt and Road Initiative.

　　On 24th, Mahathir met with China’s Ambassador to Malaysia during the day, and said that welcomes Malaysian enterprises to invest in Malaysia, so as to push forward the cooperation between the two countries, and expressed the expectation of visiting China again.

On the morning of May 24th, Mahathir met with the daytime ambassador.

　　According to the analysis of this meeting, the website of Nihon Keizai Shimbun believes that Mahathir has adjusted his attitude towards specific projects in China based on various considerations, but this does not mean that Malaysia is prepared to cool its economic relations with China. Because "the Prime Minister has admitted that Beijing is too important".

　　At today’s (29th) afternoon press conference of the Ministry of Foreign Affairs, spokesperson Hua Chunying also answered Mahathir’s decision on the China project: We have noticed the statement made by the new Malaysian government on the Xinlong high-speed railway, and believe that Malaysia and Singapore can resolve it through consultation.

　　"As for the projects you mentioned that may have an impact on China’s interests, China has always carried out economic, trade and investment cooperation with other countries, including Malaysia, on the principle of mutual benefit and win-win cooperation. As friendly neighbors, China and Malaysia have always maintained close economic, trade and investment cooperation relations, which have brought tangible benefits to the two peoples. We are willing to continue to maintain close cooperation with Malaysia. " Hua Chunying said.

Hua Chunying

　　Malaysia "changed face"? Another country has given the answer — —

　　In fact, whether the China project in Malaysia and even China-Malaysia relations have "changed" this time may have been explained by the previous experience of a South Asian country.

　　It is Sri Lanka.

　　"In 2015, the Sri Lankan government changed. After the new government took office, a series of large projects were stopped or retried. Sri Lankan experience shows that this political change in Malaysia may affect China’s major projects in Malaysia. " In the report on the 24th, the American Fair Observer made a prediction with Sri Lanka as an example.

"Fair Observer" report screenshot

　　In fact, Mahathir himself has publicly mentioned Sri Lanka many times before and issued an appeal: "Don’t let Malaysia become the next Sri Lanka"!

　　But for those who have been resident in Sri Lanka,Sharp referenceAs far as journalists are concerned, Mahathir’s move may be a repetition of some unwise practices in the early days when the new Sri Lankan government took office in 2015.

　　XiaoruiI still clearly remember that after the new Sri Lankan government came to power in January 2015, a number of China projects were quickly stopped and re-examined on the grounds of safeguarding national interests, among which the port city project with China’s investment of US$ 1.4 billion in Sri Lanka attracted the most attention.

　　However, the following facts soon taught those who "enjoyed" the frustration of Sino-Sri Lankan relations a lesson: after many large projects were stopped, Sri Lanka’s economy was in trouble at an eye-catching speed, the unemployment rate increased, and the people’s lives were hard. The new government had to adjust its thinking again and seize the opportunity of China’s "Belt and Road Initiative". One year later, in March 2016, the port city re-signed the agreement and resumed construction.

On April 16, 2018, a sand dredger dredged and dredged the port city project in Colombo, Sri Lanka. Xinhua News Agency (Photo courtesy of China Harbor Colombo Port City Co., Ltd.)

　　At present,XiaoruiIt is learned that the port city project is in full swing, and the land reclamation has been completed for more than 2.2 million square meters. In addition, China and Sri Lanka have started to attract investment for the port city, and the development prospect of the project is very optimistic.

　　In addition, the performance of Hanport mentioned by Mahathir many times has improved only half a year after it was handed over to the Chinese side for operation. Even the Indian media, which has always been very critical of China’s projects in Sri Lanka, have to change their mouths and admit: "The port of Hambantota built in China is not useless."

Hambantota port

　　According to the Indian Citizen Network reported on May 26th, after the handover, Hangang attracted more and more cargo ships. The achievements of port management in the past year have been achieved in four months. As of April, 132 cargo ships have arrived at the port this year, compared with 202 last year.

　　"China is sincerely willing to help improve Sri Lanka’s economy. With their help, I have no doubt that Sri Lanka will become better in the near future." Malik Samarawickrama, Minister of International Trade of Sri Lanka, said this.

　　"There is no reason to worry about China-Malaysia relations because they need each other." Hong Kong’s "South China Morning Post" pointed out this in a report on the 28th.

　　According to the report, even though Mahathir Mohamud has sent contradictory signals about the future of the China project, the consensus on the value of the relationship between China and Malaysia has come to an end: the relationship between China and Malaysia does not need to be changed, and the development of Malaysia needs China’s investment and infrastructure construction, which is also an important part of the Belt and Road Initiative.

Hong Kong "South China Morning Post" report screenshot

　　And this afternoon, the person in charge of the Madong Railway Project also told me.XiaoruiThe Malaysian government has not stopped the East Coast Railway. "Other situations are being observed."

　　Young people are known as ripe crops, and they are ripe every year, so they think they are old names.

　　New Year’s Eve is extremely important for Chinese. People who have been busy for a year have ushered in the reunion of their loved ones on this day, and at the same time, they are eating a sumptuous New Year’s Eve dinner and having a happy family.

　　New Year’s Eve, also known as New Year’s Eve, New Year’s Eve, New Year’s Eve and Big Dark Day, is the last night of the lunar year, that is, the night before the Spring Festival. Because New Year’s Eve often falls on the 29th or 30th day of the twelfth lunar month, it is also called New Year’s Eve. In 2024, New Year’s Eve falls on February 9th, and the 30th day of the twelfth lunar month is the last day of the lunar year.

　　Hundred years first, four seasons spring first. "New Year’s Eve" means that the old year will be removed this evening, and the new year will be replaced tomorrow. According to "Lu’s Winter in Spring and Autumn", the ancients used drums to drive away the "ghost of plague" on the day before the New Year, which is the origin of the "New Year’s Eve" festival. It is said that the earliest mention of the name "New Year’s Eve" is the historical records such as "Local Customs" written by Zhou Chu in the Western Jin Dynasty.

　　paste up Spring Festival couplets

The picture shows the Spring Festival couplets to welcome the New Year. Photo: Wu Lingxuan Source: People’s Daily Online

　　Spring Festival couplets are usually composed of a couplet and a horizontal batch, which is an important carrier and manifestation of Chinese Spring Festival folklore and the most representative language landscape during the Spring Festival. The neat and concise Spring Festival couplets express the people’s good wishes to ward off evil spirits and welcome the new year, adding a strong festive atmosphere to the Spring Festival and showing the unique charm of Chinese.

　　Burning firecracker

The picture shows firecrackers on New Year’s Eve. Photo: Wang Zhilin

　　During the Spring Festival, Spring Festival couplets and door gods are posted around the country to pray for blessings, and firecrackers are set off to drive away the "Year Beasts". People greet the New Year in the crisp and loud firecrackers.

　　lucky money

The picture shows the age-old red envelope Source: Zhongxin. com

　　Traditionally, during the Spring Festival, the red envelopes distributed by elders to the younger generation after 0: 00 pm on New Year’s Eve are called lucky money, which means to bring them blessings and good luck in the new year.

　　Eat new year’s eve dinner

The picture shows a sumptuous New Year’s Eve dinner Source: Xinhuanet

　　The annual flavor, grand and familiar, is deeply hidden in every ceremony in Chinese at the end of the year. New Year’s Eve, also called "Family Fun", is a family banquet that people attach great importance to. A family reunion banquet symbolizes auspiciousness, wealth, perfection and reunion.

　　Watch the Spring Festival Gala

The picture shows the 2023 Spring Festival Gala Source: CCTV

　　Watch the Spring Festival Evening and welcome the new year. This is Chinese’s unique romance on special days. In one program after another, people push cups for a change and laugh, and the new year is ushered in at 0: 00.

　　Longteng shengshi celebrates reunion, and auspicious things fly all over the sky on New Year’s Eve.

　　Dragon and tiger leap to welcome the new year and send wishes on New Year’s Eve.

　　At this moment of bidding farewell to the old and welcoming the new, I wish you a dragon and horse spirit to welcome the new year.

　　Tashildler!

　　(Tibet, China Net Comprehensive/Wang Zhilin)

Author | Cheng Qian

Edit | Desert Shadow

Voice interaction has been played with new tricks? !

Wisdom reported on April 2nd that on Monday, Baidu released the industry’s first end-to-end speech language model based on new Cross-Attention, which has been launched online for free.

Summarize the newly upgraded essays with several key words: voice interaction.Ultra-realistic, ultra-low delay and ultra-low cost.

Super-fidelity refers to the fact that Wen Xiaoyan, equipped with a large phonetic language model, can understand Chongqing, Guangxi, Henan, Guangdong, Shandong and so onCharacteristic dialect can also realize emotional dialogue.; Ultra-low latency means that the waiting time of users can be reduced from the common 3-5 seconds in the industry toAbout 1 second, almost the same as talking to real people; Ultra-low cost means that in the voice question-and-answer scenario of telephone voice channel, the call cost is about lower than the industry average.50%-90%。

Jia Lei, chief architect of Baidu Voice, revealed that the model can be deployed on L20 card, and under the condition of meeting the delay requirement of voice interaction,The concurrency of dual L20 cards can be more than several hundred.. At present, the training process of speech language model is convenient, which can be realized by optimizing hundreds of cards in one week based on Wenxin model, and the optimization work itself is not complicated.

Compared with the application of big model in voice interaction scene, what is the uniqueness of this big model of voice language? How to reduce the call cost to 90% at the highest? How to interpret the innovation behind it? Zhi Dongxi had an in-depth exchange with Jia Lei, chief architect of Baidu Voice, trying to find the answers to these questions.

First, the real-life dialogue experience, the upgraded version of the text Xiaoyan voice interaction is more silky

The development of large-scale model in voice interaction scene is evolving towards a more natural, low-delay and highly realistic voice interaction experience. And this more anthropomorphic interactive experience, we get a glimpse of the embryonic form in the newly upgraded Wen Xiaoyan, which is equipped with an end-to-end phonetic language model and has become an emotional companion and all-round assistant.

First of all, Wen Xiaoyan has integrated information query including weather query, calendar query, unit conversion, stock price and so on.38 vertical assistantsIt can be seen that the efficiency of voice interaction is much higher than that of text interaction in these special scenarios.

Secondly, Wen Xiaoyan is rightProblems of timeliness and non-timelinessCan cope with encyclopedic inquiry, timely question and answer content of current political knowledge, and Wen Xiaoyan can search in real time, and follow the instructions accurately to reduce hallucinations; Non-timeliness issues such as common sense questions and answers are not a problem.

Finally, it is also the biggest difference between voice interaction and text. Wen Xiaoyan can be carried out with users.Emotional and natural communication, and can respond to feedback quickly, and realize realistic and anthropomorphic interaction effect.

Not much to say, let’s take a look at the actual effect of Wen Xiaoyan.

A major difficulty in speech recognition is dialect recognition. The pronunciation characteristics of dialects are rich and varied. The same dialect may have different pronunciations in different regions, and even the same word may have different pronunciations in different contexts. This makes it difficult for speech recognition system to accurately capture and analyze all pronunciation variants, which increases the difficulty of recognition. At present, Wen Xiaoyan has been able to deal with the characteristic dialects in Chongqing, Guangxi, Henan, Guangdong and Shandong. He can not only understand them, but also reply with the corresponding dialects.

Another major feature of voice communication is the need for multiple rounds of interaction. For example, in the following example, Wen Xiaoyan not only gives a method to distinguish budgerigars from different dimensions of adulthood and childhood, but also gives correct feedback in time when users interrupt to ask new questions.

Even if the reply contains many elements such as distinguishing the budgerigar’s sex and distinguishing from a certain fixed feature, Wen Xiaoyan gives a concise answer, and at the end reminds the user that he can record while observing.

In addition, human-computer interaction is often interrupted in the middle, such as the user gets the core information he wants or is not satisfied with the current output content, etc. When the user interrupts the voice playback to input, the voice recognition system may be mistaken because of environmental noise, unclear pronunciation of the user or confusion with the previous voice content.

In the face of children’s repeated interruptions, Wen Xiaoyan can accurately identify their needs of "changing a story", and when children say "Mom has already told it", they don’t automatically choose to change the story, but give an emotional reply in time to create an atmosphere of natural dialogue.

Wen Xiaoyan, an emotional interactive form, also extends its application to companion scenes in assistant scenes such as knowledge quiz. When the user mentioned "I’m in a bad mood", Wen Xiaoyan’s voice was worried and so on, and guided the user to tell the reason why he was in a bad mood and further enlighten him.

Second, brand-new cross-related attention, to create a very low training cost advantage

Different from the language model, the core difference of the phonetic language model is that it can produce emotion.

Jia Lei said that the text model only produces words, while the phonetic language model can have emotions. The key is two special links in the architectural diagram of the phonetic language model.TN Rhythm and Emotion Control of Personality and StyleThis is prepared for speech synthesis, which allows the big model to have the emotion of adapting the content while generating the answer, which is also the key innovation of Baidu’s end-to-end speech model.

Specifically, there are four key innovations.

First of all, this is released by Baidu.The industry’s first cross-modal speech language model based on Cross-Attention; The second is the model.Combining Encoder with speech recognition, the calculation of KV is reduced to 1/10.; The third isEncoder is combined with speech synthesis, and the output content can be controlled emotionally.; Finally,Efficient full query attention EALLQA, so that the KV cache is reduced to a few tenths.

On this basis, the model realizesIntegration of text recognition and text synthesis.On the basis of systematic end-to-end communication, these coupled technologies enable the model to realize a natural, realistic and emotional interactive experience on the basis of quick question and answer and quick understanding.

Jia Lei explained that the acoustic model is also a phonetic model, but usually large language models are connected by words. Therefore, in the process of integrating speech recognition and large language model, researchers share the process of Encoder and speech recognition in large language model to achieve the purpose of reducing the hard delay of speech interaction, and innovatively introduce cross-modal modeling, switching from Self-Attention to Cross-Attention, thus completing the integration of speech recognition and large language model.

Baidu proposes to use Cross-Attention to solve the cross-modal problem of speech and language. In this process, due to the speed limitation of the existing Attention technology in Cross-Attention speech language modeling, Baidu developed the EALLQA technology suitable for Cross-Attention, adopting implicit RNN two-level position coding, training MHA in 128 space, and inferring MQA in 512 space shared by all layers of the model, so as to achieveMake full use of limited training resources and reduce reasoning cost..

In the basic training of the model, Baidu uses self-distillation post-train the end-to-end speech language model of Cross-Attention based on the pre-training model of Self-Attention mature Wenxin language.

In fact,In speech model, the pressure of KV cache and KV calculation is much greater than that of text model.. Jia Lei explained that the essential difference between speech recognition and text model is that the first token at the beginning of a sentence determines the delay of speech recognition. For the large text model, users can wait for 2-3 seconds to give an answer after entering a paragraph of text, while in the large speech language model, users are less tolerant of reply delay, and they hope to hear the answer within 0.5-1 second.

On this basis, the end-to-end speech language model realizes low-cost training and low-cost high-speed reasoning. In addition, the speech language model also needs quick response and emotional response, which is the scene where another key technology is exerted.Streaming word-for-word LLM-driven multi-emotional speech synthesis. Jia Lei said that many rounds of continuous communication with emotion can make people want to continue communication.

Based on the streaming word-for-word method, its speech synthesis is to see one word jumping one word at a time, and the large model can help the speech synthesis to output the text normalized output, prosodic pause output and emotional output it needs, making the speech synthesis process flow like when people speak, and its adaptive emotional coverage can reach 17 kinds according to the text output.

In addition, there is a big pain point in speech recognition, which is that it can’t judge the starting point and ending point of the user’s speech, butLarge model blessing can make it analyze whether the user’s words have ended based on semantics.The semantics are incomplete and we need to wait.

Jia Lei further explained that,The activation of voice scenes requires extremely interactive cost, extremely fast delivery speed, intelligent and emotional humanized question and answer.. Baidu integrates speech recognition with large model to solve the problems of pre-fetching, hesitation, content understanding and quick question and answer, and integrates text synthesis with large model to output prosodic emotion needed in speech summation, thus solving the problems of context understanding and emotion control in synthesis. This makes the application potential of voice scene greatly improved.

Third, directly attack the difficulty of voice interaction, and enlarge Baidu’s end-to-end voice language model.

The continuous optimization of large model has significantly improved the robustness, naturalness and speaker similarity of speech, butThere are still many pain points in the previous technical path.This is why Baidu focuses on the end-to-end speech language model.

Compared with the communication between people, the response speed of large language model is slow, and users need to wait for a while to get a reply. In addition, voice communication is often accompanied by multiple rounds of dialogue and interaction, and it is extremely difficult for models to complete colloquial multiple rounds of interaction. Compared with texts, users use more scenes of voice interaction, and the surge of interaction will lead to the increase in the application cost of large-scale models, and the difficulty of large-scale application popularization will also increase.

On the traditional voice interaction route, it will be limited by the accurate response between contextual memory, noisy occasions, hesitant questions and interruptions.

Therefore, this has become a core contradiction in the field of voice interaction.The convenience of voice interaction determines its potential for large-scale application, and these pain points are hindering its popularization.Jia Lei believes that,The chemical reaction between speech and text is the key to find a breakthrough in a specific field in the future..

The appearance of phonetic language model is qualitative change, and its innovative synthesis technology makes the model not need to see the whole text of a sentence, but can synthesize a word by seeing the text of a word. On this basis, Baidu has excavated a unique application scenario. He gave an example. For example, when asking about the weather, users can quickly interrupt the next question when they get the temperature range of the weather. Its advantage is that the use cost of the model is greatly reduced, while the text model needs powerful hardware to achieve such efficient application, but the speech language model can achieve efficient concurrency with low-cost hardware.

At the same time, from the perspective of the whole voice interaction field, the accuracy of the speech recognition part of the large model has been greatly improved. Jia Lei believes that it is more a competition of speed, cost and answer accuracy.Cost reduction is the key to large-scale use of multimodal voice interaction..

Jia Lei said: "Cost reduction is the inevitable way of technological progress." The extremely low cost of Baidu’s speech language model means the possibility of large-scale industrialization. The landing application of AI is the core of the development of the model industry in 2025, and this model is the key to solving the speech problem.

Baidu’s accumulation in the field of speech recognition has a long history.

In 2018, the Deep Peak 2 model released by Baidu Voice broke through the traditional model that has been used for more than ten years, greatly improving the recognition accuracy in various scenarios. At the beginning of 2019, Baidu voice technology team announced the world’s first streaming multi-level truncated attention model SMLTA in the field of online voice, with a relative accuracy rate of 15%. In 2021, Baidu released the streaming truncated conformer modeling technology based on historical information abstraction-SMLTA 2, which solved the problems faced when the Transformer model was applied to online speech recognition tasks.

These technological innovations have been applied in many fields such as automobiles, consumer electronics and mobile phones. This time, in order to promote the large-scale application of speech language model, at present,Baidu has launched its online Xiaoyan and opened it for free, and plans to launch it on the open platform in April, and then it will be connected to call centers, speakers and other business lines..

Jia Lei mentioned: "Science may have national boundaries, but it has no corporate boundaries." Subsequently, Baidu opened the end-to-end speech language model, just to promote the application of the big language model in the speech field, which is conducive to the development of the whole industry and ecology.

Conclusion: Baidu’s phonetic language model is unsheathed, opening a new chapter with low cost and high efficiency.

Convenient, efficient, natural and friendly voice interaction, which is widely used in multiple scenes, is very important in the digital age. However, from the current actual effect, voice interaction has greatly improved in recognition accuracy, and now the competition focus of the industry is on its recognition speed, cost and accuracy of answers.

In this context, the release of Baidu’s end-to-end speech language model further broke through the cost, and proposed a new technical path, which pushed the industry competition of voice interaction to a new height. At the same time, Baidu will launch it on an open platform, which will accelerate the application and popularization of large models in voice interaction scenarios.

　　Original title: "Rock School": Rock is natural and unstoppable.

　　

　　"Rock School" stills

　　This is an unstoppable world, because we are shouting together! This cry is not only the chorus of all the characters in the play, but also the collective applause and release of the audience. The Broadway musical "Rock School" has once again made the Tianqiao Art Center Grand Theater a grand carnival for opera fans.

　　The play tells the story of Dewey, the frustrated hero, who accidentally got the opportunity to start the children’s nature by rock and roll. It mocked the rigid education and the stubborn utilitarian values, and returned life to its original appearance. It seems that children’s interpretation is actually a topic that adults should reflect on.

　　To be fair, as far as the plot is concerned, the musical "Rock School" is an old-fashioned story in American campus dramas and film and television works, and some logic is not reasonable. However, after andrew lloyd webber’s magical musical expression and the wonderful performances of many outstanding actors, especially the elvish young actors, it has become different. The value collision reflected in the play, although it is a cliche, still has a strong realistic criticism in the new interpretation.

　　However, it is not so much a work that criticizes the shortcomings and values, but rather a masterpiece that explains the spirit of rock and roll. What is rock and roll? Not venting, not rebellion, not paranoia, not yelling! It is in the predicament of modern civilization that it is difficult to break through, and it sends out the voice of human beings for freedom and self-liberation. In the play, the rigid pragmatic education, which blindly pursues the ivy league enrollment rate, is the spokesman for people’s self-suppression and even strangulation of nature. In the fierce competition of contemporary commercial society, a successful life seems to be a solidified standard in the form of "consensus", but it ignores and obliterates individual differences, and even ignores the most basic rights of human beings-that is, human nature originates from nature, and some people run like wild horses like liger, while others like to migrate freely like antelopes and fly casually like birds. And rock and roll is to break the classical tradition, re-recognize ourselves, and restore nature by shouting and releasing.

　　After decades of smelting, Weber’s music has reached an insurmountable peak. This peak is not only for others, but also means a challenge to oneself. Although this latest work failed to make the expected breakthrough, the lyricism, melody and harmony based on rock and roll are beautiful and smooth, and the characters’ music is vivid, which still exquisitely demonstrates what dramatic music is. The incisiveness of rock and roll did not affect Weber’s reappearance of lyric unique skills, especially children’s solo, duet and chorus. Almost every paragraph was intoxicating and constantly won the cheers of the audience. However, the most amazing thing about Weber’s music is that it is particularly suitable for the characters and the situation. It seems that every note comes naturally from the heart with the plot and is properly on the "point".

　　Each character has a distinctive musical personality, and he also takes the opportunity to skillfully quote and borrow famous music passages familiar to the audience to highlight his character, and even makes fun of his most classic work "Memories". In the first scene of the music classroom, Luo Lisha, the principal, played stiff and boring classical music with her singing the famous aria after midnight in the opera The Magic Flute. The gorgeous aria of the original is obviously difficult to complete in the vocal range where the role is second to that of the female, but it is deliberately and forcibly reluctant. When it comes to the high notes, it has to pretend to be casually embarrassed or lowered by eight degrees, exposing the workplace and psychological embarrassment of the characters struggling. On a date in a bar, Luo Lisha was designed by Dewey. In his memory, he poured out his heart in the form of voice-changing rock, which formed a strong contrast in music color and further demonstrated the deep significance of rock’s liberation of human nature and inner spirit. I especially appreciate Luo Lisha’s handling of the aria "Where’s Rock and Roll?". She deliberately broke through her mellow timbre, and expressed her role in a wild and unrestrained state with a "sub-roar" singing style, which was very energetic and characteristic.

　　In my opinion, the overall shaping of Luo Lisha, the principal, is the most successful adult role in the play. What she has done, distorted by performance standards, is a pervert under the jungle law of ruthless business society. I have to put on airs for it, spilling a few drops of innocence from time to time, and the difference between inner and outer makes it very funny and cute. In the end, she resolutely put all her eggs in one basket for the rock of her true love, and gave Dewey a kiss, which symbolized that rock and roll washed away all obstacles.

　　Of course, the biggest difference of this drama is the collective amazement of the young actors. Their performances, especially their talent in shaping different characters, are extremely infectious. Whether it’s Shamei, a little girl who is a "band manager" with "leadership potential", Billy who wants to be a maverick stylist, or Zach, a guitarist who is always despised by his father, Tommy, who is afraid to express himself as the lead singer in the end, Lawrence, a keyboard player who is not confident but eager to be recognized, Freddie, a cool drummer, Katie, harmony sisters Marcy and Solana, etc., each child’s personality, temperament and emotional expression are extremely vivid and true. In contrast, our kind of children’s "art education", which is particularly good at creating a false and innocent national standard, is really embarrassing.

　　When Dewey’s "trick" broke through and came home frustrated, the children comforted and encouraged him and inspired his fighting spirit again. This bridge, if put in an adult performance, must be vulgar. However, this group of children actually let the "vulgar" be diluted in the pure singing, and eliminated the shortcomings in the sincerity. Tomika blurted out a well-known American work "God-given Grace" in a hurry. Although it did not reach the ideal preset state, it had a star-like charm and magnetic timbre, which was really rare. The boy Zach said, "Dad, can you really listen to me for once?" The weak but firm voice strongly stopped the father who "imposed his unfulfilled ideals on his children" and sublimated the topic of his own destiny. The subsequent children’s rock "Don’t compromise" pushed the whole drama to a climax without expectation.

　　In the seemingly regrettable but not regrettable ending, the ultimate idea of the play is revealed through Dewey’s mouth: the hard work in life is not to get ahead, but to make yourself the best and most enjoyable in countless possibilities. Real rock and roll lies in a kind of spirit, an original driving force of life, which comes from blood and faith, unstoppable and uncompromising! (Cheng Hui)

The Beijing News (Reporter Chen Lin, Wu Tingting, Zhang Lu, Huang Zhecheng) There are many delicious foods in Beijing, but it is not easy to have a delicious breakfast anytime and anywhere. Recently, a "mobile dining car" appeared on the street of Beijing Financial Street, which attracted many people’s attention. From 7: 00 to 9: 30 in the morning, the "mobile dining car" sold traditional breakfasts and packages such as steamed stuffed buns, soybean milk and pancakes to solve the breakfast problems of surrounding white-collar workers and residents. The Beijing News reporter learned that this is the "mobile dining car" pilot of commercial convenience service facilities in Beijing after the "breakfast car" was clearly listed as "not encouraged".

　

The relevant person in charge of the Beijing Municipal Bureau of Commerce said that it is currently working with relevant departments to formulate the "rules of the game" for breakfast car 2.0. According to reports, in addition to the specific requirements for the hardware facilities of the "mobile dining car", the "exit mechanism" was put forward for the first time.

A mobile dining car is being piloted in Financial Street. Photography/Beijing News reporter Ning Wu

　

What is the operating status of the existing breakfast car? What do enterprises think of the new "mobile dining car"? The Beijing News reporter conducted a survey on this.

　

Visit 1

The subway station breakfast car does not "move" and covers an area all day.

　

According to a third-party survey, only about 20% of about 70,000 restaurants with complete licenses in Beijing operate breakfast. The "breakfast problem" has a long history, especially for office workers. After all, everyone needs to eat breakfast, but not everyone has the conditions and time to sit in a restaurant, so the mobile breakfast car is "just needed" for some citizens.

　

However, the reporter recently visited some crowded people in Beijing and found that many breakfast trucks currently in operation have lost the advantage of "mobility" and become occupied operations.

　

Recently, the reporter saw seven or eight customers waiting in line to buy breakfast next to the subway convenience car next to the E exit of Chongwenmen subway station in Dongcheng District. In the car, an egg-beaten hand-held cake was bubbling with oil on the iron plate. After a minute or two, the clerk added a sausage to the hand-held cake and handed it to a customer in a paper bag. Such a hand-grabbed cake with sausage and eggs costs 10 yuan. The convenience car also sells corn and sausage, which are sold in 5 yuan and 4 yuan respectively.

　

In Ciqikou Station, where Metro Line 5 and Line 7 transfer, and dongdan station, where Metro Line 1 and Line 5 transfer, the reporter found similar subway convenience cars. These convenience cars operate from about 6 am to evening, and the food sold in the morning generally includes porridge, soybean milk, eggs, hand-grabbed cakes, pancakes, steamed stuffed buns, corn and so on. A clerk told the reporter that these subway convenience cars are contracted by several companies, and special personnel are regularly sent to distribute ingredients.

　

At the Lishuiqiao Station of Metro Line 5, the reporter saw that there is a subway convenience car at the exit A and exit B of the station. The breakfast varieties sold include pancakes, hand-grabbed cakes, soy milk, sausages, etc., which are also operated all day. Ms. Zhang, who is buying breakfast, told reporters that she works near Ciqikou, and her daily commute time is about 1 hour, so she always solves breakfast before getting on the subway. "It’s quite convenient, but I’m a little tired of eating pancakes and hand-grabbed cakes. I hope I can add more varieties, such as porridge and steamed buns."

　

In the northwest, northeast and southeast corner of Guomao subway station, there is a subway convenience car, which operates from morning till night. Besides selling pancakes, steamed buns and porridge, there are also chewing gum and cigarettes.

Convenient breakfast car in the square at the entrance A of Jiulongshan Station on Metro Line 7 and Line 14. Photography/Beijing News reporter Ning Wu

　

Visit 2

Individual mobile breakfast trucks are worried about health. Merchants "sell one day is one day"

　

At 8 o’clock in the morning of April 28th, the reporter found a merchant who operated the "Golden Sanyuan" breakfast car in front of Wangjing Building. This breakfast truck mainly sells egg cakes and pancakes, as well as porridge, soybean milk, chicken chops, mineral water and drinks. The breakfast car is not big, and there are many packing boxes in it. The narrow space only allows one person to set up business in it. A piece of cake-filling code that has been branded is put aside, and the citizens who come to buy cakes are in an endless stream.

　

This breakfast car is located next to the bus stop in Huajiadi Beili, which is at the peak of work. Many passengers who get on and off the bus come here to buy breakfast. Ms. Guo, a citizen, told the reporter: "I usually don’t have time to make my own breakfast when I go to work. After getting off the bus, I buy a pancake or fill a cake in the breakfast car and make do with it."

　

However, the reporter noticed that the health of this breakfast car is worrying, its appearance has long been mottled, and the window that is tilted up looks dirty and greasy. There are also two foam boxes piled up behind the breakfast car, and the yellow tape wrapped outside is also stained with many stains.

　

"We started selling at 6 o’clock in the morning and closed at 9 o’clock." The merchant told the reporter that this breakfast car belongs to her aunt. "You ask me who will supervise it. I don’t know. I only know that I can’t sell it at 9 o’clock." For the future business, merchants seem to have no confidence. "Selling one day is one day, and it is estimated that they will have to withdraw soon. I think the city has been evacuated a lot, and there seems to be few Wangjing. "

　

There is a "Golden Sanyuan" convenience store at the entrance of Huajiadi Xili Community. Compared with the breakfast truck in front of Wangjing Building, this convenience store has a much larger area, and the food it sells is also egg-filled cakes, pancakes, drinks and porridge. Ms. Wu, a resident, told the reporter that in fact, in the early years, this convenience store did not sell ready-made food such as filling cakes. "Since my family moved to Wangjing in 2006, there has been this convenience store for at least 13 years this year. In the past, only packaged bread and biscuits were sold, but in summer, drinks and popsicles were sold more. It seems that it was only one or two years before I started selling cakes. "

　

Regarding the rent of the breakfast car and who will manage the operation, the young man who is planning a business in the store said: "Our boss is in Hebei, and I don’t know who will manage and how much the rent is. I also want to know where to rent this convenience store. I want to rent one myself."

　

Visit 3

Office workers who can’t afford to eat in the store prefer breakfast carts.

　

During the visit, many citizens told reporters that it was unrealistic to go to the store for breakfast because of the tight time in the morning, and they usually went to the subway station to buy it. Mr. Shao, a resident of Tiantongyuan, said that due to the tight time in the morning, breakfast can only be "eaten when eating" and occasionally go to the convenience car in front of the subway station.

　

The reporter saw at the junction of Xihuashi Street and Guorui North Road in Dongcheng District and at the junction of Xihuashi Street and Beiyangshikou Street that there were at least five breakfast shops on both sides of the street about 200 meters long. However, some citizens said that the subway convenience car is more convenient than the breakfast shop. Mr. Li, a citizen, took his girlfriend to the hospital near Chongwenmen subway station. Their breakfast was two hand-picked cakes bought from a convenience car. Mr. Li said that the breakfast shop is a little far from the subway station. When he is in a hurry to go to work, he usually buys breakfast at the convenience car. "I can buy breakfast on the way to the subway, so why bother to go to the breakfast shop?"

　

According to the investigation of the community business team in Beijing City Quadrant, it is the habit of many office workers to solve the breakfast problem in chain stores or convenience stores such as McDonald’s near the subway station. In the "Back to Heaven" area, a large number of office workers choose to buy breakfast at nearby traffic stations. Relying on traffic stations, it is the demand of many residents to lay out breakfast outlets on a large scale and form a certain aggregation effect.

　

The problem is that breakfast shops in Beijing are not evenly distributed. Zhang Xiyu, the person in charge of community business in Beijing City Quadrant, introduced that in July 2018, the city quadrant found that the breakfast outlets in Beijing were not only less than those in Shanghai, but also distributed in the east and west. Judging from the number of breakfast outlets per square kilometer, there are 24 in Dongcheng District, 19.4 in Xicheng District and 8.1 in Chaoyang District. Among the six districts in the city, the number of Dongcheng District is 6.3 times that of Fengtai District. From the perspective of population distribution density and regional functional planning, there are shortcomings in the layout of breakfast outlets in "Huitian" area, international trade, financial street, Shangdi, Yizhuang and other business districts and science and technology parks.

A mobile dining car is being piloted in Financial Street. Photography/Beijing News reporter Ning Wu

Investigation of CPPCC members

Tourists and unlicensed operators account for more than half of the breakfast market in Beijing.

　

"The breakfast market in Beijing is very large and the social demand is high, but someone needs to do it seriously." Hong Mingji, member of Beijing CPPCC and chief executive officer of Hexing Group Holdings Limited, said. According to his investigation, there are about 40,000 enterprises and individuals engaged in breakfast in the city, of which less than 5,000 are legally licensed and employ more than 20,000 people. Coupled with the early supply of school canteens, government agencies, hotels and business morning tea, the city’s daily breakfast supply is about 2 million people (excluding unlicensed tour operators), with a turnover of millions of yuan.

　

According to Hong BenQ’s survey, at present, the three modes of supply, namely, group stalls (tourists), breakfast shops and breakfast demonstration enterprises, account for the vast majority of the breakfast market in Beijing, with 58%, 18.5% and 14.5% of the service people respectively, and the market share of sales is 56%, 25.5% and 15.5% respectively. In other words, tourists, unlicensed operators and individuals who outsource breakfast account for more than 50% of the breakfast market.

　

Another current situation is that many formal enterprises that run breakfast are not optimistic and have no profit at all. This is because there are not many regular catering enterprises in the city, especially in crowded places, and tourists set up stalls wherever there are many people. Although it is convenient and cheap, the food hygiene problem is worrying.

　

At the "two sessions" in Beijing in 2018, Hong Mingji put forward the proposal of "cooperating with Beijing to ease the convenience of adding convenience parking spots for breakfast". "The government should give priority to the operation of chain catering enterprises that have the ability to distribute goods in a unified way, set up temporary breakfast car sales points in places with large crowds, and operate them at regular intervals, and also emphasize that breakfast cars’ cannot be outsourced or subletted’". Hong Mingji said.

　

Hong Mingji’s proposal has attracted the attention of relevant departments. Recently, Beijing’s newly launched commercial convenience service facility "mobile dining car" project began to be piloted in Beijing Financial Street. The pilot "mobile dining car" is a new energy vehicle, with a cost of nearly 700,000 yuan, solar refrigeration, an interior area of 6 square meters, self-contained water and electricity, sewage and garbage disposal facilities, and can be made on site.

　

The Beijing News reporter saw at the scene that the dining car is open from 7: 00 to 9: 30 in the morning. In addition to traditional breakfasts such as buns, soy milk and pancakes, there are also set meals. A cup of soybean milk, 4 yuan, and a meat steamed stuffed bun, 3 yuan, will be enough to eat around 10 yuan.

respond

Beijing Municipal Bureau of Commerce: Formulating the "Rules of the Game" of Breakfast Car Version 2.0.

　

According to the relevant person in charge of the Beijing Municipal Bureau of Commerce, Beijing is exploring ways to support brands and chain catering enterprises, set up standardized and safe mobile catering sales vehicles in communities and other places where convenient breakfast outlets are not perfect, and sell breakfast uniformly distributed by the central kitchen at a specified time and in a specified area. The person in charge admitted that the breakfast car 1.0 launched earlier in Beijing was indeed a "failure" because there was "no exit mechanism". At present, the breakfast car 2.0 to be promoted should first formulate technical specifications, "first formulate the rules of the game."

　

The above-mentioned person in charge did not disclose more details, but the Beijing News reporter learned from some chain catering enterprises that "new energy vehicles, water supply and drainage, and on-site production" are the basic requirements of the 2.0 version of the breakfast car.

　

Fu Jun, director of public affairs department of Beijing Yoshinoya, said that Yoshinoya has undertaken the operation of some new breakfast cars in Beijing. "The design of the mobile dining car is not limited to selling breakfast, but it can be operated all day," Fu Jun said. According to the idea, the dining car sells breakfast for two hours in crowded places during the morning rush hour, and at noon, it is evacuated to residential office buildings, tourist attractions or crowded places with imperfect supporting facilities to sell packages; At night, you can drive to the neighborhood to sell clean vegetables or simple meals. The service personnel in the car can recruit "4050" personnel nearby to do hourly work to solve the employment problem of some community residents.

　

However, some business leaders said that the cost of a breakfast car is hundreds of thousands of yuan, which is too high. Selling breakfast does not make money.

　

Liu Jingjing, Chairman of Jiahe Yipin, bluntly said that the price of breakfast should not be set too high, otherwise consumers would not accept it, so the profit is very thin, and it is difficult to make a profit by operating breakfast alone. Therefore, the breakfast car does not have to be made on the spot, and it can be delivered by the store. In the East Street Store in Zhanqian, Shunyi District, Jiahe Yipin, the reporter saw the breakfast car designed by the company itself, which will be moved to the subway station several hundred meters away for sale during the breakfast time. This breakfast car is a tricycle with a small counter, which provides packages for 6 yuan, 8 yuan and 10 yuan, and is delivered by the store. However, Liu Jingjing also said that this kind of breakfast car has not been approved by the government, so most of the cars can only be piled up in the warehouse.

Jiahe Yipin Breakfast Car in Shunyi. Photography/Beijing News reporter Ning Wu

　

background

Past lives of Beijing "Breakfast Car"

　

According to media reports, in September 2002, Beijing started the breakfast project, proposing to set up breakfast kiosks and breakfast carts in communities and streets where citizens gather, and designated catering enterprises will distribute breakfast uniformly, thus solving the problems of difficulty and unsanitary breakfast for Beijingers. In the end, five companies, Shougang Catering, Malan Lamian Noodles, Qianxihe Catering, Jackie Chan Huatian and Jin Sanyuan, won the bid and became breakfast distribution units. Beijing has set up more than 800 regular breakfast car (kiosk) outlets throughout the city.

　

A person in charge of a catering enterprise who asked not to be named said that the breakfast car of the winning enterprise was still based on "subcontracting operation", and finally it became a "couple’s shop". After that, the breakfast car continued to explode problems such as encroachment on public space, inadequate management and hidden dangers in food safety.

　

In 2009, Beijing launched a new round of bidding for breakfast demonstration project. In some media reports, the "elimination theory" of breakfast trucks appeared for the first time. Subsequently, the former Beijing Municipal Commission of Commerce came forward to refute the rumor, saying that in the future, it would adopt a variety of breakfast shop business models, and for some areas that did not meet the conditions for building stores and did not meet the urban development plan, it would continue to set up breakfast kiosks and breakfast carts.

　

In July, 2012, with the smooth development of the breakfast demonstration work, problems such as the difficulty in ensuring hygiene once again pushed the breakfast cart to the forefront. Both the common "eggshell" breakfast kiosk next to the subway station and the roadside breakfast cart for processing and making egg cakes were listed as "discouraged" breakfast formats.

　

Various districts have also started to clean up the informal breakfast trucks one after another, and stopped the approval of new roadside breakfast trucks and kiosks. According to media reports, from mid-July, 2015, Dongcheng District tried to remove 14 breakfast car outlets in Qianmen area and replace breakfast cars with surrounding fast food stores. Before the end of June 2016, 93 breakfast trucks in Dongcheng District were withdrawn and breakfast shops were used to provide breakfast for the public. As of August 2016, a total of 263 breakfast trucks have withdrawn from Dongcheng District and Xicheng District. According to media reports, since the second half of that year, the "retreat into the store" of breakfast cars has gradually expanded to the four districts of Chaohai Fengshi, and finally all breakfast cars in the city will be removed.

　

reporters’ notes

Some breakfast trucks in camp have changed hands many times, and the property rights are unknown.

　

The reporter saw the Golden Sanyuan Breakfast Car in Wangjing area, and its affiliated company was one of the five companies that initially won the bid for the Beijing Breakfast Project. It is understood that when Jin Sanyuan was brilliant, there were more than 350 breakfast trucks with a daily turnover of more than 100,000 yuan, but later it fell into a loss and was acquired by a company called Jiamingjia.

　

However, at present, there are still three gold breakfast carts in operation on the streets of Beijing. When asked about property rights, most of the operators are ignorant and have already changed hands. The reporter called the recruitment hotline and supervision telephone number on the "Jin Sanyuan" convenience store and found that both telephones were empty. Searching for "Beijing Jinsanyuan Sunshine Catering Co., Ltd." through Beijing Enterprise Credit Information Network, a total of 10 related information were found, all of which were breakfast kiosks of the company, located in Sanlitun, Nanmofang, Tuanjiehu, Jiuxianqiao, Asian Games Village, Heping Street, Anzhen and other places, of which five "Jinsanyuan" showed that their business licenses were revoked and the other five showed "opening".

　

As for why it was closed, the reporter found Mr. Li, the person in charge of Sanlitun Breakfast Pavilion. He told reporters that at the beginning of last year, he was informed that the breakfast kiosk occupied the road and did not meet the requirements, so he could not do it any more. The person in charge of another "Golden Sanyuan" in Sanlitun and the person in charge of Tuanjiehu Store also said that they closed the store for the same reason.

　

Judging from the operation time of these stores, they basically opened their stores from 2003 to 2004, and the latest one was established in 2010. Mr. Li introduced that at the beginning, he spent 30,000 yuan to "buy out" the breakfast car for business. At the beginning, the food of the breakfast car was uniformly distributed by Jin Sanyuan Sunshine Catering Co., Ltd., and he did not make breakfast himself. "Later, it seemed that Jin Sanyuan was yellow, and the distribution was broken." Mr. Li’s statement was recognized by several other operators.

　

Beijing News reporter Chen Lin Wu Tingting Zhang Lu Huang Zhecheng　

Photography Ning Wu editor ZhangChang Yu Yinproofread Liu Jun.

　　

　　

　　▍Asia’s largest baking studio closed down.

　　Interface news reported that the BEEPLUS LIFESTYLE Super Baking Workshop, the largest baking workshop in Asia and the largest bakery in Shenzhen, was closed in early December.

　　BEEPLUS LIFESTYLE was once regarded as an industry star comparable to Starbucks’ selected baking studio.

　　The baking workshop started business in January 2019. After half a year’s operation, the data showed that the single-day passenger flow of its store exceeded 20,000, and the unit price of a single customer was as high as 13,000 yuan. On average, more than 300 people registered as members every day.

　　▍Starbucks expects to open 600 new stores in China next year.

　　According to Zhitong Financial News, Starbucks said that it opened a record 259 stores in China in the fourth quarter, and it is expected to open 600 new stores in China in 2021. By the end of fiscal year 2022, the company will have 6,000 stores in China.

　　Starbucks said that the company currently operates in 83 markets, including one-third of international stores. By increasing partners, we can see new opportunities to release international business growth.

　　▍Every day, Youxian gets an investment of 2 billion yuan

　　Deep new consumption has learned that the community fresh retail platform has received a strategic investment of 2 billion yuan every day. This round of investment is led by a joint investment entity composed of Qingdao Guoxin, Sunshine Venture Capital and Qingdao Municipal Government Guidance Fund.

　　It is reported that this is by far the largest strategic investment of fresh e-commerce in the local area.

　　Daily Youxian was established in 2014 and developed into the head camp in the field of fresh e-commerce through the pre-warehouse model. According to its CFO Wang Jun, the company has achieved full profit by the end of 2019.

　　Since 2020, Youxian has received three funds every day, with a valuation of 20 billion yuan.

　　▍Blind box first stock market value exceeds 100 billion

　　POP MART, the first share of Blind Box, was listed on the main board of the Stock Exchange, rising 100% to HK$ 77.1, with a total market value of HK$ 106.5 billion.

　　According to the prospectus, in the first half of 2020, POP MART’s total revenue was 818 million yuan, up 50.5% from 543.4 million yuan in the same period of last year, and its net profit was 141 million yuan, up 24.7% from 113 million yuan in the same period of 2019.

　　As of June 30, 2020, POP MART has 3.6 million registered members.

　　

　　▍JD.COM reportedly bought FANCL for $1 billion.

　　According to Reuters news, JD.COM wants to bid for FANCL’s Asian business except Japanese for $1 billion, and Alibaba and Tencent have also shown interest in the brand.

　　About 80% of FANCL’s revenue in Asia comes from China.

　　Although the domestic no-additive market is not very mature, the sales data of FANCL in Shanghai show that the sales volume of its cleansing products has always been in the top three of beauty brands, and the skin care products have also remained in the top fifteen, which has a high product awareness and consumer recognition among all beauty brands without additive claims.

　　In addition, according to the report of Japan Times in early November, Gaochun Capital and Fosun Group in China are also studying FANCL, among which Gaochun Capital is considering a joint offer with Perfect Diary’s parent company, Yixian E-commerce.

　　▍The research of oral personal care brand Qing won millions of seed rounds of financing.

　　36Kr reported that the research of oral health care brand Qingzhi announced that it had won millions of seed rounds of financing, with Qingsong Fund as the investor and Mushi Capital as the exclusive financial advisor.

　　Founded in May 2020, Qingzhi Scientific Research has launched 12 SKUs, including bubble mouthwash, portable mouthwash and portable fresh spray. Among them, bubble mouthwash pill is an explosive product created by the brand.

　　▍Domestic maternal and child care brand Daikesi completed tens of millions of yuan in financing.

　　CBO News reported that domestic maternal and child care brand Dykesi Dexter has completed tens of millions of B-round financing, and this round of financing is for Xiangfeng to invest in China Fund.

　　According to the data, this is the third tens of millions of financing for Dykes this year. The first two times were Challenger Capital and Lafang Jahwa (603630, stock bar) in tens of millions of A+ round financing, Lafang Jahwa and Wuxi High-tech Zone Seed Fund in tens of millions of RMB A round financing.

　　Dykes brand was formally founded in June 2017. It is positioned as a natural, safe and effective care brand for China families. It is the first domestic brand to cut into the baby care market with "eczema care".

　　Since the company was founded in 2017 and officially launched in 2018, Dykos has achieved 5-10 times growth for three consecutive years.

　　▍Yuxi was exposed and withdrawn from the line.

　　Earlier, it was reported that Yuxi’s contract with dealers all over the country will not be renewed after it expires on December 31, 2020.

　　On December 10th, Yuxi Online Conference Officer announced the withdrawal of the cabinet, and will officially withdraw from the offline market in China on January 1st, 2021, and promised to give employees of direct marketing and third parties the opportunity of job transfer and interview and corresponding subsidies within the legal scope as soon as the end of December.

　　Yuxi is a domestic beauty brand established in 1992 and acquired by L ‘Oreal in 2004. It is the only local cosmetics brand in the high-end department of L ‘Oré al Group, and it is also one of the few high-end brands in L ‘Oré al Group that adopts the distributor system.

　　

　　▍Uniqlo announced the closure of Asia’s largest flagship store

　　Yiou. com reported that Uniqlo, a fast-moving Japanese giant, announced that it would close its Myeongdong store in Seoul, South Korea on January 31, 2021. In addition to Myeongdong Store, Uniqlo also plans to close eight stores including Lotte Store in Central Seoul this month.

　　Uniqlo settled in Myeong-dong, Seoul in November 2011, making it the second largest store in the world after new york.

　　On the opening day, sales once reached 2 billion won (about 12.05 million yuan), setting a record for the daily sales of a single clothing store in Korea.

　　Affected by the epidemic and the Korean people’s boycott of Japanese goods, Uniqlo’s revenue in the Korean market dropped by more than 50% year-on-year. So far, Uniqlo has closed 26 stores.

　　▍Well-known fashion brand I.T officially announced "privatization"

　　On December 6th, HKEx announced that I.T Ltd．, a well-known clothing brand, had agreed with Brooklyn Investment Ltd． on a privatization plan.

　　According to the plan, I.T Ltd was offered for privatization by the founder and CVC consortium, and the non-founder shares held by other shareholders will be cancelled at HK$ 3 per share, which requires a total of about HK$ 1.31 billion in cash.

　　I.T. said in the announcement that due to the severe market environment, the digital transformation of the retail industry, the outbreak of COVID-19 epidemic and the shrinking global tourism market, the company had to adjust its strategy.

　　

　　▍Suning Holdings pledged its equity to Taobao, saying it was a normal business cooperation.

　　On December 10th, Suning Holdings pledged the company’s equity to Taobao, with a total of 100,000 pledged shares, amounting to 1 billion yuan.

　　Suning Holding Group holds 371 million shares of Suning.cn (002024, Share Bar), with a shareholding ratio of 3.98%. Suning Real Estate is a real estate development enterprise under Suning Appliance. Qixinbao shows that Zhang Jindong is the major shareholder of Suning Real Estate, holding 81.25% of the shares.

　　Regarding the equity pledge, Suning responded to the reporter of national business daily (blog, Weibo), saying that the equity pledge is a normal business cooperation and has no substantial impact on the strategic development and normal operation of Suning.cn.

　　▍Gree launched the first 5G mobile phone: 146 units were sold in two days.

　　On December 7th, Gree’s first 5G mobile phone was quietly put on the shelves of Gree Mall and "Gree Dong Mingzhu Store" applet, with the price starting from 2699 yuan.

　　It is reported that Gree 5G mobile phone is not named after Gree mobile phone, but adopts the title of "Dasong 5G mobile phone". Up to now, the cumulative sales volume of four models of Gree Dasong 5G mobile phone in Gree Mall is 75, and the cumulative sales volume of "Gree Dong Mingzhu Store" applet is 71, with a total sales volume of 146.

　　▍Huawei Xiaomi entered Chengdu Vientiane City on the same day.

　　On December 6th, Huawei Chengdu flagship store and Xiaomi Home Chengdu flagship store opened in Vientiane City, chenghua district, Chengdu on the same day.

　　This is Huawei’s first flagship store in Southwest China and the third flagship store opened this year. In terms of product display, Huawei’s Chengdu flagship store follows five life scenes: smart office, smart home, sports health, smart travel and audio-visual entertainment.

　　As far as Xiaomi is concerned, the flagship store of Xiaomi Home in Chengdu is the 1000th store of Xiaomi, but it is also the first flagship store of Xiaomi Home in Southwest China. In 2017, Lei Jun said that he planned to open 1,000 millet homes in the next three years, and now this goal has been completed.

　　According to IDC data, in Q3 of 2020, the global shipments of Huawei Xiaomi smartphones ranked second and third respectively.

　　▍In 2020, the amount of air conditioning will double down.

　　According to the data of Aowei Cloud, it is estimated that the retail volume of air conditioners in China will be 51.2 million units in 2020, down 15.1% year-on-year, and the retail sales will be 154.3 billion yuan, down 22.0% year-on-year.

　　The offline market is particularly serious, with a retail volume of 24.61 million units, down 28.4% year-on-year. This year’s online market has also seen a decline in volume, with a retail volume of 26.59 million units, a year-on-year increase of 2.6%.

　　Aoweiyun. com predicts that in 2021, the retail volume of air-conditioning market in China will be 59.24 million units, up 15.7% year-on-year, and the retail sales will be 195.3 billion yuan, up 26.5% year-on-year.

　　

　　▍It will take 988 years for Xiao Huang to refund the deposit.

　　According to China Consumer News, in 2020, Xiao Sun and Xiao Xiao, students of Tsinghua University Law School, successively applied to the court to confirm that the arbitration agreement of Xiao Huangche was invalid, which was rejected on July 23rd and December 8th respectively.

　　On October 10th, I applied for the refund of the deposit for the small yellow car. By December 10th, there were 2,828 fewer people waiting in line, with an average of about 46 less people every day.

　　At this rate, it will take 360,772 days to digest the existing queue, which is about 988 years.

　　▍Homestay unicorn Airbnb listed

　　Airbnb, the global B&B short rent apartment booking platform, is officially listed and traded on NASDAQ.

　　The issue price of the stock is $68. Based on this calculation, Airbnb’s valuation will reach $47 billion (about RMB 300 billion), which is expected to become the largest IPO in the US market in 2020.

　　According to the prospectus, Airbnb’s revenue in the third quarter was $1.34 billion. Although it decreased by nearly 19% compared with $1.65 billion in the same period last year, its net profit reached $219 million, turning losses into profits.

　　Up to now, Airbnb has more than 4 million landlords and receives more than 800 million users from all over the world.

　　▍Nestle Asia’s first plant-based production line was put into production.

　　According to titanium media reports, Nestle announced that its first plant-based production line in Asia was officially completed and put into production and operation in Tianjin, and it will also launch the artificial meat brand Jiazhiyao for the first time in China market. The first batch of products include six models, including vegetarian spicy incense pot, vegetarian braised lion head and vegetarian braised pork. The price of each box is from 29 yuan to 39 yuan, and it will be sold in Tmall’s official flagship store and some box horse stores from late December.

　　It is understood that Nestle increased its capital by 730 million yuan in May this year to build four projects including plant-based product production lines in Tianjin. Among them, the newly added plant-based product production line project includes the construction of a plant-based product production line, as well as supporting raw material turnover warehouses and frozen turnover warehouses. The design capacity of the production line is 8,000 tons per year, which is also Nestle’s first artificial meat factory in Asia.

　　▍Tencent swept the top three in Chinese mainland’s game revenue list in November

　　According to App Annie’s data, in November, Tencent swept the top three in the revenue list of popular games in Chinese mainland. One month after its launch, the revenue of Tianya Mingyue Knife blessed by Gulong IP surpassed Peace Elite for the first time, ranking second in the revenue list.

　　Netease’s "A Chinese Odyssey" has returned to the top ten in the revenue list, along with the company’s game "Fantasy Westward Journey".

　　Compared with last month, the global game revenue list has not changed significantly. Genshin Impact, who just won the Best Game of the Year in the App Store and Google Play, ranks first in the revenue list.

　　

This article first appeared on WeChat WeChat official account: New Business Requirements. The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.