October19Japan– The 2018 autumn and winter press conference of the new era high-end brand car was held at Fuji Speedway in Japan. While witnessing the launch of the leading tide and shining on the track, the brand festival also released the Lynk & Co Auto Sports Plan: As part of the Lynk & Co 03 performance advanced plan, Lynk & Co will join hands with Cyan Racing to build the Lynk & Co 03 WTCR chariot and establish the Lynk & Co team to compete in the 2019 WTCR (World Touring Car Cup) event.

Chongqing Huilida Lingke Center listing press conference site

Lynk & Co 03Official listing:The first car under the Lynk & Co brand and CMA basic module architecture, the Lynk & Co 03 sports sedan, is officially launched, and the sales price in the Chinese market is 116,800-151,800 yuan. In order to provide users with a better car experience, Lynk & Co Auto provides the first owner of Lynk & Co 03 with three free services of lifetime free quality assurance, lifetime free data traffic, and lifetime free road assistance. In addition, all Lynk & Co 03 users will also enjoy the exclusive manufacturer’s financial interest-free policy;

Chongqing Huilida Lingke Center listing press conference site

Lynk & Co Motorsports Program announced:As part of the Lynk & Co 03 Performance Advancement Program, Lynk & Co Motors has launched a deep cooperation with Cyan Racing. With the strong performance strength of the group and the rich technical accumulation of Cyan Racing in the racing field, the CMA basic module architecture and motorsports are perfectly combined to create the Lynk & Co 03 WTCR tank and the Lynk & Co 03 high-performance concept car, and the Lynk & Co team is established to compete in the 2019 WTCR event.

Wind and waves, Lynk & Co 03 leads the trend of automotive sports culture

Chongqing Huilida Lingke Center listing press conference site

At the press conference, there is not only a personalized space for immersive experience of Lynk & Co brand culture and automobile sports culture, but also through the roar of Lynk & Co 03 in the track and the passionate dance with the helicopter, allowing the guests to experience a new car launch that subverts tradition and trends.

At the press conference, Mr. Lin Jie, deputy general manager of the Automotive Group and general manager of Lynk & Co Automotive Sales Co., Ltd., said: "While building products with leapfrog strength, we have simplified the marketing model, transparent prices and accurate pricing, so that consumers have not only products, but also value. Today we bring the Lynk & Co brand’s first sedan, Lynk & Co 03, which is the perfect interpretation of’high value ‘."

Chongqing Huilida Lingke Center listing press conference site

As the first sedan product under the CMA basic module architecture, Lynk & Co 03 is aimed at enterprising and striving urban players. Through its excellent sports genes of wind design, wind hunting power, and wind control, it focuses on leading sports performance and directly competes in the mainstream joint venture brand A-class sedan market. It leads the trend of automobile sports culture. Lynk & Co 03 inherits the family-style design of urban opposition aesthetics, and based on this, through aerodynamic streamlined body design, reduce the drag coefficient, increase the downforce, and achieve an ultra-low drag coefficient of 0.27 and a lift coefficient of -0.025; Geely Automobile and Automobile jointly developed the Drive-E series 1.5TD high-efficiency engine, which is matched with a 7DCT wet dual-clutch gearbox with a transmission efficiency of up to 97%, achieving a 100-kilometer acceleration time of 7.9s and an ultra-low fuel consumption of 5.5L/100km, bringing users a surging and efficient wind-hunting power experience with the same level of leading power and fuel economy; at the same time, Lynk & Co 03 not only has a braking distance of 35.5m comparable to the braking performance of sports cars, but also realizes the Lingfeng control with fast acceleration, flexible braking and stable corners through the adjustment of the European team Performance. Not only that, Lynk & Co 03 will also fully demonstrate its leapfrog product capabilities based on trendy sensory styling, intelligent connected technology, intelligent safety protection, comfortable product experience and global quality genes.

Chongqing Huilida Lingke Center listing press conference site

Advanced performance, Lynk & Co partners with Cyan Racing to launch a motor sports program

Life is everywhere and 03 is always on the field. Sports is the spirit of Lynk & Co 03, and it is also the performance label of the product. Based on the outstanding sports performance of Lynk & Co 03, Lynk & Co Motors and Cyan Racing (formerly the Racing racing division of Volvo Car Group) have in-depth cooperation. With its rich technical accumulation in the field of high-performance cars and racing cars, the CMA basic module architecture and motorsports genes can be seamlessly connected. This cooperation will fully launch the Lynk & Co 03 performance advanced plan, jointly design, develop and manufacture the Lynk & Co 03 WTCR tank and the Lynk & Co 03 high-performance concept car, and establish the Lynk & Co team to compete in the 2019 WTCR event. Meanwhile, as the first Swedish driver from Polestar Cyan Racing to win the 2017 WTCC World Touring Car Championship, Thed Bj?rk will continue to play for Lynk & Co for the 2019 WTCR.

Mr. Yi Han, executive deputy general manager of Lynk & Co Automobile Sales Co., Ltd., said: "The in-depth cooperation between Lynk & Co and Cyan Racing represents that Chinese car brands will really start to use world-class technology to create their own’Racing Car ‘and enter the competition in the world’s top competitions. At the same time, we will build a complete automobile sports ecosystem, meet consumers’ escalating personalized needs for car products, and lead the trend of automobile sports culture."

Chongqing Huilida Lingke Center listing press conference site

Participating in the world’s top motorsports is a comprehensive reflection of the strength of the enterprise. The launch of the auto sports plan by Lynk & Co and Cyan Racing is a full demonstration of the global resources and technical synergy strength of Geely Automobile Group, representing Chinese auto brands to break the lap with strength and enter the global auto market competition with world-class technology and product strength. At the same time, motorsports is also the core of global auto sports culture. Through the promotion of the auto sports plan, Lynk & Co brand will represent the needs of young consumer groups, create a complete auto sports ecosystem, and lead the development of automotive trend sports culture with Chinese manufacturing standards.

Mr. An Conghui, President of Geely Holding Group and President and CEO of Geely Automobile Group, said: "Lynk & Co launched the motorsports program, so that the speed of motorsports resonates with the passion and the attitude of Lynk & Co users to express their youth and challenge themselves. From today onwards, Chinese people will have their own high-performance racing cars, refresh the’fastest lap ‘of Chinese automobile manufacturing, and let’China Speed’ shine in the global arena."

Chongqing Huilida Lingke Center listing press conference site

As a high-end brand in the new era, Lynk & Co Automobile has participated in the competition in the global mainstream automobile market through the collaboration of many years of technology and resources of Geely Automobile Group. In just two years, Lynk & Co Automobile has rapidly launched four high-quality models, 01 PH, 02, and 03. With a three-dimensional market layout of SUVs and sedans, it has firmly established itself in the mainstream automobile market in China. The "Lynk & Co Speed" it has created represents the achievements of China’s automobile industry and the "China Speed". By 2020, the Lynk & Co brand will launch 10 new products in the Chinese market one after another, and will enter the markets of developed countries such as Europe, becoming a country that shows China’s manufacturing strength to the world.

　

Chongqing Huilida Lingke Center listing press conference site

About Lynk & Co　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　

Lynk & Co is a high-end brand of Geely Automobile Group and a joint venture between Geely Automobile and Volvo Cars. Lynk & Co’s products are based on the CMA basic module architecture led by Volvo Cars and jointly developed by Geely and Volvo. The European technology, European design, global manufacturing, and global sales of Lynk & Co were launched in Berlin on October 20, 2016. The European R & D Center (CEVT) of Geely Automobile in Gothenburg and the Gothenburg design team are responsible for the research and development and design. According to the same Quality Standards and manufacturing processes as Volvo, the world’s leading quality automotive products are produced. As a high-end brand in the new era with European heritage and Internet DNA, Lynk & Co has organically integrated the century-old professional experience of European automobiles with China’s creative spirit, representing the highest level of China’s automobile industry, and calmly entering the world stage.

When will Huawei P7 be available?

　　The IPO time of Huawei P7 is May 7, 2014 Beijing time.

　　In response to the question of when Huawei P7 will be available, at 8:00 pm Beijing time on May 7, 2014, Huawei officially released the Ascend P7 in Paris, France. The machine has a 6.5mm ultra-thin body, equipped with a 5-inch 1080P full high definition screen; supports CAT4 LTE network; built-in integrated 2500mAh battery, and supports super power saving mode.

　　In terms of screen, Huawei P7 is equipped with a 5-inch screen. The 5-inch body is now the mainstream medium size, with a full high definition resolution of 1920×1080 pixels, and the PPI reaches 445, reaching the mainstream level. In order to make the body have a beautiful appearance, the front and back are equipped with third-generation gorilla glass, which enhances the scratch resistance by 300%.

　　In terms of system, Huawei P7 adopts the Emotion UI 2.3 system that is deeply optimized based on Android 4.4.2 system. Compared with the previous Emotion UI, the interface has some changes in details. However, the overall style and operating habits are still reserved, so there is no need to worry about operating problems.

Huawei P7 IPO time

　　As Huawei’s flagship model of the year, Huawei P7 has always attracted a lot of attention. On the evening of May 7, 2014, Beijing time, Huawei released this phone in Paris, France. Huawei P7 continues the ultra-thin body of the previous generation P6, and also makes various improvements on the basis of P6.

　　In terms of hardware, Huawei’s core processor is the self-developed HiSilicon Kirin910T quad-core processor, which is mainly increased to 1.8GHz compared with the Kirin910. The GPU renderer is also Mali-450MP, random access memory is 2GB RAM, and built-in storage space is 16GB ROM.

　　When will Huawei P7 be launched? Huawei P7 was officially launched on the evening of May 7, 2014. In terms of cameras, Huawei P7 is equipped with 13 million pixel rear camera, using SONY’s latest 4th generation stack sensor, intelligent professional image processing engine, F2.0 aperture, and adding a one-second capture (1.2 seconds) function. In addition, the front-facing camera has also been upgraded to 8 million pixels, with ten-level skin beauty, video beauty and more front-facing shooting functions.

Yu Chengdong said that the adaptation of mainstream software is the top priority, hoping to build a complete intelligent end point operating system software ecosystem including development languages, compilers, and power builders through Open Harmony. After this step is completed, China will have thousands of enterprise developers based on this development of equipment and software.

Zhang Xinzhe

Zhang Xinzhe Tour Conference

group photo

　　　　　　 On August 21, Zhang Xinzhe [Weibo] held the "Future Style" world tour concert in Beijing. Zhang Xinzhe confessed the reason why he took a break from the concert stage three years ago: "Those days were one of the worst times in my whole life. I was not in good physical and mental condition. I was thinking about how to stop myself and start again."

　　At the press conference, Zhang Xinzhe also revealed the significance of naming the concert "Future Style", "This concert is a turning point. For me, it is a new beginning of work, and it is also the beginning of planning for the future." At the same time, he also revealed the reason why he said three years ago that he would take a break from the concert stage, "At that time, I wanted to take a break, because that day was one of the worst times in my whole life, and my physical and mental condition was not very good. I have been thinking about how to stop myself and start again. After stopping, in addition to slowly recuperating my body, I am also thinking about how to go next. In the past three years, I have released a new album. I have also sorted out some notes from the past ten years, and published a book called" Words Private ". And the next road will start again from this’Future Style ‘concert. "

　　When asked how many concerts are planned for this tour, Zhang Xinzhe admitted to pursuing quality rather than quantity: "I don’t have too much ambition this time, for example, if you want to open a few hundred concerts, I think the number of concerts is expensive, not too many. I want to share my thoughts on the stage with you through concerts. I hope each one is very delicate and very interesting. So I don’t want to do a lot at once, and I personally hope not to exceed 50. I have other musical ideals to realize, and concerts are just part of it."

　　Unlike other singers who invited many guests to help sing at concerts, Zhang Xinzhe revealed that he basically did not invite any guests. "I already have a lot of songs of my own, and it is already very troublesome to select songs that are suitable for concerts and satisfy everyone, so I basically don’t leave time for guests."

　　In addition, Zhang Xinzhe also revealed that he does not reject acting, "Of course I will not reject the drama part, musicals, stage plays, movies, these things are all stage training for me, everyone can look forward to it, I will have some drama plans."

　　This tour will premiere in Beijing on October 13, followed by a tour of cities and regions around the world.

After three years of independence, Glory has entered its fourth year with a dual-first position in China’s market share and folding screen market share. The recent IPO rumors have attracted much attention. How will Glory’s fourth year go?

On January 10, Honor’s signal at the 2023 developer conference gave the industry a glimpse of its unusual fourth-year layout.

At the press conference, Honor officially unveiled the veil of the MagicOS 8.0 (Chinese name Magic OS 8.0) operating system. Together with it, there is not only the industry’s first human-machine interaction method based on intent recognition, but also the "Magic Big Model" 7 billion parameter end-side AI model developed by Honor. At the same time, Honor announced the launch of the "Hundred Models Ecological Plan" to provide access to China’s 100 models with Magic OS to create a smart service ecosystem based on intent interaction.

It is not difficult to see that the three cards handed over at the beginning of the fourth year of Honor all revolve around innovation, "rolling" its own industry with its AI innovation. Zhao Ming, CEO of Honor, said in a group interview after the press conference: "Honor firmly believes in the future-oriented operating system and human-machine interaction, and it is time to make a change." With AI enabled, a new era of human-machine interaction is coming.

Is mobile operating system ushering in a new path?

The importance of the operating system to mobile phone manufacturers is clearly reflected in the Apple mobile phone. A very important reason for many consumers to choose the Apple mobile phone is the advantage of iOS, and domestic mobile phone manufacturers have long recognized this. In the face of strong opponents, latecomers want to get a share of the pie, and it is difficult to achieve without eye-catching innovation. The release of Huawei Hongmeng is an attempt, and the glorious MagicOS has opened up another path.

So what is unique about Magic OS 8.0? It is reported that when Honor released Magic OS 8.0, it brought "new kernel" platform-level AI capabilities, fully taking over human-related factors, such as personal knowledge base, location and status, habits and portraits, etc., to help OS accurately identify user intentions, efficiently dispatch system services, and then drive the birth of a new paradigm of intelligent end point interaction – the industry’s first intent-based human-machine interaction (Intent-based UI, or IUI), bringing "guess what you think, understand what you need" intelligent experience.

The biggest advantage of this interaction is that it supports multi-modal input and output methods such as natural language, voice, pictures, gestures, and eye movement, which can intelligently identify user intentions, make efficient reasoning decisions, and actively provide personalized services that "understand you" to efficiently complete complex scene tasks.

On the Honor mobile phone, this interaction has an intuitive function called "any door". Users can long-press the text, pictures, files, videos and other elements of the interface where they are located, drag to the edge of the screen on the left and right sides, trigger the any door function, and then quickly flow to other applications and services. For example, when the public needs to take a taxi, iOS it takes about 10 seconds and 8 steps to take a taxi, but the glory of any door only needs to press and hold the text message content and drag to enter the taxi software to achieve a one-step taxi.

"All operating systems today revolve around machine-centricity, which was set by the iOS 17 years ago, and no one has imagined the next generation of operating systems." In the interview, Zhao Ming talked about the original intention of Magic OS to restructure the operating system with AI. "For Glory, it doesn’t matter if the underlying system is Android or other, it provides the greatest value, which is that Baidu and other partners can quickly access without developing applications based on the system alone."

Driven by AI technology, Honor wants to build a human-centric operating system, breaking the boundaries of the operating system, breaking the boundaries of the device, and even breaking any previous human-machine interaction norms. Zhao Ming said, "The intention of any door to identify human-machine interaction is the result of our new exploration of human-machine interaction in the AI era."

Can the big model on the side of the glory really achieve magic?

Since last year’s generative AI technology entered the public eye, thousands of industries have set off a technological storm about AI big models. Various big models have emerged one after another, and the "Hundred Models War" has become a topic of great interest in the industry for a time. For mobile phone manufacturers, to face the AI era, they must naturally integrate into it in order to take the initiative.

Unlike the way other mobile phone manufacturers use the cloud-side model to compress to the end-side, Honor still follows its own end-side AI technology development route. At the Magic OS 8.0 conference, Honor’s first end-side platform-level AI model, the Magic Model, was simultaneously unveiled, and it was launched on the Honor Magic6 series.

The Magic Big Model disassembles the capabilities of the Big Model into specific scenarios, bringing innovative functions such as "dialogue into a film" that supports natural language dialogue to complete video editing, "multimodal agenda" that can generate schedules in one step by dragging complex content to any door, and "gallery semantic search" that is the industry’s first semantic search video function.

"The combination of’big model + arbitrary door ‘is very interesting. When you drag a sentence to the arbitrary door, it understands your intention through the learning ability of the big model, and then gives instructions. This makes it clear that the application direction of the glory big model is intention interaction, and the commercialization path is clear." Industry insiders said.

It has to be pointed out that the current market has been flooded with various large models. Honor has given up the established plan route of the industry and developed a self-developed end-to-end large model. What is the "magic" behind attracting users?

Honor Magic OS tends to create a personalized intelligent experience. Compared with the cloud-side model, the end-side AI has more advantages in personal demand response and processing, but the development of Honor AI is not exclusive, and open innovation can better serve users. In this regard, Zhao Ming pointed out in an interview that the future magic model and the cloud-side model must cooperate with each other and cannot replace each other. "You can turn off ChatGPT at any time, but you will find that in your life, there are many conveniences that cannot be replaced by ChatGPT, Qianjou model, ERNIE Bot, etc. This is the value of the future end-side AI and Honor Magic OS development capabilities to consumers."

Will the new ecosystem of large-scale model services bring about a new chapter in AI?

It is worth noting that the evolution of Honor’s platform-level AI capabilities not only empowers the magic OS, but also hopes to work with partners to create a new stage and create a new ecosystem.

In fact, this is also the consistent concept of Glory. Previously, in response to the competition in the folding screen mobile phone market, Zhao Ming has expressed on many occasions that he hopes that friends and businesspeople will work together to develop and expand the market together.

This time in the field of AI, Honor also put forward a similar concept, announcing the official launch of the "Hundred Models Ecosystem Plan" – to promote the collaboration and cooperation between the end-side large model and the cloud large model. That is, based on the understanding of personal intentions based on the end-side large model, through the glory end-side central control, dismantling tasks, efficiently and securely connecting the cloud large model, fusing and scheduling atomized services, completing complex task scenarios across applications, and ensuring that personal information is not in the cloud, safeguarding privacy and security.

In Honor’s view, the scale of the future network model is one million, just like the current APP, Honor cannot redo all the vertical domain APPs by itself. In the interview, Zhao Ming described the blueprint of the Honor Baimo ecological plan with a metaphorical image: "In the positioning and strategic choice of the big model, Honor chose to make the soil fertile, and plant different flowers and plants on it, so that it can be diverse."

Baidu, the leading player in China’s AI big model, is sowing seeds on this soil. At the Honor Magic OS launch, Baidu Intelligent Cloud has become a strategic partner of the Honor Big Model ecosystem. "MagicOS is a mobile application ecosystem with great innovation vitality and influence. In the era of big models, it will provide developers with broader opportunities, provide users with an unprecedented intelligent experience, and continue to promote the development of the industry. Baidu Intelligent Cloud, as a strategic partner of the Honor Magic Big Model ecosystem, will continue to focus on the deep integration of the terminal and cloud models together with Glory to promote ecological prosperity."

According to Zhao Ming, this ecosystem is currently continuing to grow, and the cooperation between Honor and the cloud model will be based on consumer needs, and will not exclude any partner. "[Honor] will be consumer-centric, what consumers like and what they are used to, the Baimo ecosystem will be connected to these big models. Baidu Cloud is the first step in cooperation, and Autonavi, Hanglv’s Qianjuan big model, etc. will be slowly integrated into this plan." It can be seen that when the next AI era arrives, Honor will join hands with partners to create a new AI ecosystem and open a new chapter.

Overall, Honor, which has established a firm foothold in the Chinese market, has a lot of plans on the development path of the brand in the fourth year. From leading the industry to leading the industry, Honor has taken a solid step on the foundation of the system. In the next stage, Honor will join hands with AI China power to amaze the world with technological innovation and achieve "world glory".

When was the last time you watched TV? How much do you spend on video app memberships? In recent years, smart TVs have flown into the homes of ordinary people, and TV programs have become more and more abundant, but with it, "watching TV is getting harder and harder".

Some users have pointed out that if you want to watch TV freely and independently, you need to buy a series of members such as members built into the TV, members of video websites and movies, members of TV dramas, and members of children. Just charging members is not enough, some TV manufacturers need to buy individual content at a single time, and even some on-demand content also sets a viewing time limit. And each Internet video platform does not "treat members equally", but is divided into multiple levels. Some levels of members can only be used on mobile phones, tablets, and computer pages. If you want to use it on TV, you need to upgrade your membership… The chaos of TV "nesting dolls" charging is very annoying to consumers.

Source: China Consumer News

In addition, hard-to-close boot ads and various complex operations also plagued users. Some users have done statistics, from opening the set-top box to the appearance of the homepage screen, the shortest time took 40 seconds, the longest took more than a minute, and to enter the live channel, it took up to 11 steps.

Expert analysis pointed out that there are many stakeholders involved in TV charging, such as content copyright holders, content service platforms, licensees, telecom operators, end point manufacturers, etc. All parties operate independently in the actual division of labor, resulting in many TV charging subjects, many names, and many channels, which exacerbates the chaos of "nesting dolls" charging.

On August 21 this year, the State Administration of Radio, Television and Television jointly deployed a multi-department plan to control TV "matryoshka" charges, and proposed a "three-step" governance path.

In the first stage, the charging package will be gradually reduced by 40% this year; in the second stage, the TV operation and charging will be standardized in the first half of next year; finally, the long-term management mechanism of the three major business systems of cable TV, IPTV and OTT will be improved by the end of next year to ensure that the TV "nesting doll" charging problem "can be cured and will not rebound". The first stage of governance has determined that the cable TV in Beijing, Shanghai, Zhejiang, Guangdong and Shandong provinces and the IPTV in Beijing, Jiangxi and Gansu provinces will be piloted.

After more than two months, initial results have been achieved in controlling the chaos such as TV "nesting dolls" charges. Recently, the official account of "Capital Radio and Television" announced that Beijing’s pilot work to control TV "nesting dolls" charges and complex operations has achieved phased results.

According to reports, in the first phase of governance, Gehua cable’s charging package was compressed by 79%, and Xiaomi TV’s charging package was compressed by 58%, far exceeding the 40% target stipulated by the State Administration of Radio, Film and Television.

In terms of complex management operations, Gehua Cable completed the upgrade and deployment of 5.50 million set-top boxes across the city, IPTV completed 1.60 million full coverage of active users, and Xiaomi TV rectification results covered all users in Beijing. All achieved the tasks proposed by the State Administration of Radio, Film and Television to watch CCTV-1 live TV for 35 seconds when turned on, and enter CCTV-1 full-screen live TV without operation for 20 seconds when turned on, and unify the names, icons and styles of live TV services.

Other pilot provinces have also achieved results in the management of TV nesting dolls. In general, in terms of charges, 7 pilot units have completed rectification 129 million cable TV, IPTV, and Internet TV end points, and the fee package has been reduced by more than 50%, up to 79%. Charges are more standardized and transparent; in terms of complex governance operations, 80% of cable TV end points and 85% of IPTV end points nationwide have been turned on to watch live broadcasts, boot and boot advertising hours have been standardized, and free content supply has gradually increased.

Some users may have recently experienced "turning on the live stream". After turning on their TV, the live TV channel will be played directly on the boot screen. In addition, they may also find that the tariff is clear at a glance, and there is a clear distinction between free and paid programs. At the same time, there are fewer TV charging packages, more free areas, and more transparent consumption.

Although the phenomenon of TV "matryoshka" charging has improved after a period of governance, some netizens said: "It doesn’t matter, I don’t watch TV for a long time anyway." This can’t help but reflect, smart TVs have realized the "standard" of "turning on and watching live" and "charging without routines" in the era of black and white TV, can they recover those lost viewers? While solving the complex problems of TV "matryoshka" charging and operation, strengthening high-quality free content supply, open charging items/standards/methods, smooth complaint and dispute resolution channels, and bringing TV users a better audio-visual experience are the strongest magic weapons to retain users.

Edited by: cc

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　As you all know,MeizuFully studiedmilletBusiness model. And now, Meizu even intends to keep up with Xiaomi’s valuation.

In a recent interview, Li Nan, vice president of Meizu, suggested that if the price-to-earnings ratio of Xiaomi is calculated, Meizu will be valued at about $6 billion. But he also mentioned that Meizu has plans to precede Xiaomi’s IPO.

This valuation compared with millet’s 40 billion dollars, there is naturally a big gap, but you know, millet in the field of Internet and intelligent hardware ecosystem extensive layout, can be said to do enough concept, coupled with millet’s low-endSmartphoneSales in China have also reached a certain scale, so that a few days ago IDC and other research institutions ranked Xiaomi’s mobile phone shipments in the third quarter of this year as the third largest in the world. Therefore, it is understandable that some investors think that Xiaomi has a lot of commercial imagination, although Toutiao brother does not agree.

Meizu’s situation cannot be compared with Xiaomi, regardless of whether Xiaomi’s current valuation is worth 40 billion US dollars, and whether Meizu’s valuation is reasonable based on Xiaomi. Only Meizu’s valuation is close toLenovoHalf of the market value (measured by Lenovo’s current market value of about 15.60 billion US dollars) is enough to raise the question of Toutiao: a hardware company that sells smartphones as its main profit model, as long as it starts to learn the gameplay of Xiaomi’s "triathlon" and claims to be "table riding", can it get a valuation far higher than the company’s own strength?

Revenue is only 1/33 of Lenovo’s.

In Toutiao’s opinion, no matter how rich the business concept is or how vast the business imagination is, if a company makes an estimate of its capital value, it should first look at the company’s revenue level and net profit margin.

In terms of revenue scale, according to relevant reports, Xiaomi more than doubled in 2013, reaching RMB 27 billion yuan, and is expected to exceed 80 billion yuan in 2014. According to Li Nan, vice president of Meizu, Meizu shipped about 2 million units in 2013, with revenue of 5 billion yuan. In 2014, it is expected to ship 400-5 million units, and the revenue target will exceed 7 billion yuan. Only from the comparison of Meizu and Xiaomi’s revenue, Meizu and Xiaomi are nearly 10 times behind.

According to relevant reports, 94% of Xiaomi’s current profits come from mobile phone sales. Although Meizu has not released official data on profits, it has only two core businesses: Flyme system UI and Meizu mobile phone. If Meizu has profits, then most of its profits should also come from mobile phone sales. That is to say, only in terms of revenue and profitability, Meizu and Xiaomi are ten times different.

And if compared with Lenovo, Lenovo’s revenue in just one quarter of this year reached $10.395 billion, while last year’s revenue was $38.70 billion. Even if Meizu’s revenue this year can reach 7 billion yuan (note not US dollars), at best it is only about 1/33 of Lenovo’s, of course, this is still excluding Lenovo’s mergers and acquisitionsIBM　In the case of X86 server business and Motorola Mobile Market (both acquisitions have been announced) revenue. As for profits, we can’t make a valid comparison because Meizu has not announced it, but we know that Lenovo’s net profit last year was $817 million, and the net profit in the latest quarter of this year was $214 million. It can be said that the profit model is still relatively single Meizu, and its valuation is close to half of Lenovo, which can be said to violate the most basic laws and rules of business and capital.

The annual sales volume is less than 1/3 of Xiaomi’s first quarter.

Secondly, the business scale, millet smartphone shipments in the third quarter of this year was 18.40 million units, except for a few overseas emerging markets, most of which were domestic sales. And how about Meizu’s smartphone sales? As mentioned above, the estimated shipments in 2014 are 400-5 million units, that is to say, Meizu’s annual mobile phone sales are about 1/3 of Xiaomi’s quarterly sales. Therefore, in the opinion of Toutiao brother, it is not too late to catch up with Xiaomi in sales, and Meizu will talk about valuation and listing.

And if compared with Lenovo… Brother Toutiao can’t bear to compare like this, let’s just talk about one thing: in addition to firmly occupying the leading position in the traditional PC industry, Lenovo is also in the top position (at least in the top five) in the mobile Internet industry represented by smartphones and tablet computers. In contrast, Meizu only has the main business of smartphones, and the gap with Lenovo’s business scale may not be described as "very far", but Brother Toutiao has run out of words.

Expanding scale and revenue is the top priority

In addition to the above-mentioned gap in revenue capacity and main business scale (volume), let’s take a look at Meizu’s valuation from the perspective of competition in the mobile phone industry. This time, Brother Toutiao will not pull Lenovo in… The picture is so tragic that even Brother Toutiao dare not look at it…

Meizu, like Xiaomi, the smartphone industry is the core of its current business, but looking at the development trend of the entire smartphone industry, the slowdown in growth and low-cost machines have become the driving force for development, coupled with the "Xiaomi model" competing to be defeatedhand modelThe competition between Xiaomi and its imitators (such as Meizu) in this industry will only become more and more intense, and its future will face a choice between scale and profit: either high profit margins or scale for profit.

At least for now, apart from Apple, few hardware device companies can survive and develop on high profit margins. The most practical way is to increase total profits through scale. Therefore, since Xiaomi released the low-priced Redmi series of mobile phones to replace Xiaomi mobile phones as the main shipment force, Xiaomi has actually embarked on a large-scale business model. That is to say, for Xiaomi and Meizu, the sales of low-end mobile phones will be crucial in the future.

Because of this, Xiaomi has begun to lay out overseas markets with Redmi series mobile phones in a high-profile manner this year. In the face of the huge market of overseas 1 billion replacement volume, it is logical for Xiaomi to focus on volume to enter the strategic layout of emerging countries such as India and Brazil. But the problem is that domestic hardware manufacturers such as Lenovo and Huawei, which also covet overseas markets, have great advantages in supply chain and channels. In areas such as overall scale, globalization, channel operator relationships, and intellectual property accumulation that may be crucial to future smartphone competition, Xiaomi is currently at a disadvantage, and these shortcomings cannot be made up overnight.

Similarly, the above problems Meizu is more lacking than Xiaomi. For now, Meizu not only relies on the MX4 Pro to seek the possibility of breaking through the 2000 price point, but also urgently needs to make efforts in the low-end market below 1,000 yuan, and achieve the purpose of reducing costs by taking the volume to form a scale to create a certain supply chain advantage. According to Li Nan, Meizu wants to make a thousand yuan machine that is better than Redmi and Honor experience, and is expected to be released in early 2015. Obviously, how to expand shipments and revenue, which is a matter of life and death for a hardware equipment company, is much more important than valuation and listing. Survival is still Meizu’s first priority.

Is "table riding pie" really reliable?

Finally, let’s talk about the essence of the Xiaomi model, and whether the valuations of Xiaomi and Meizu are reliable from the perspective of the commercial value of "table riding"?

What is the inherent business logic of the Xiaomi model? Brother Toutiao believes that if Xiaomi is simply compared with hardware companies such as Samsung, Lenovo, and Huawei, it is difficult to see Xiaomi’s "ambition" clearly. Because although Xiaomi "rides on the table" focuses on the combination of soft and hard business cards, from the perspective of Lei Jun’s series of layouts and plans, Xiaomi hopes to establish certain competitive advantages or barriers at the end of internet services, that is to say, Xiaomi hopes to make articles around users to obtain monopolistic profits in the form of traffic entry. In this regard, Xiaomi not only wants to be Tencent, providing users with Internet value-added services such as information, application distribution, games, audio-visual, and reading, but also wants to be Ali, providing related services around users’ needs in life, entertainment, and shopping. That is to say, if Xiaomi wants to achieve true success, it needs to win three major battles: the battle of Internet entrance, the battle of mobile payment, and the battle of virtual content. The opponent can be the three giants of BAT, or the international giants such as Apple, Google, and Microsoft… In short, Brother Toutiao just wants to wish Xiaomi good luck.

　

Therefore, for Meizu and Xiaomi, the ideal is very "plump", and the reality is very "skinny". Before completing the above ecological layout and forming competitive barriers, Xiaomi, which combines software and hardware, must first survive as a mobile phone company like Apple.

More importantly, software and internet services should have a good experience and function on every device and system platform as much as possible, and it is almost a completely open ecosystem. This is precisely the opposite of the business model that focuses on hardware device services. A company that sells hardware devices as its main profit model must provide services in a closed ecosystem. This kind of contradiction and conflict at the business model level will be the common destiny that every "table rider" must face.