Tianjin Bangyu International Trading Co., Ltd. promises to refuse false quotation, and all the models sold in our store are regular brand-new imported commercial cars without any changes.

There is absolutely no additional fee for the vehicles sold. On the day of car purchase, the company can issue all vehicle procedures to ensure that foreign customers return to the local area to settle down and get a license, and the national car purchase can be paid in installments. For more information, please call Manager Shi at 13212262918 "With WeChat".

My price is not necessarily the lowest in Tianjin Port, but what I can guarantee is that the car I bought here has absolutely no worries.

2024 Dodge Hellcat widebody wide-body version of Laguna advanced leather interior package: Laguna advanced leather seat with Hellcat LOGO front seat heating/ Ventilation steering wheel heating electric steering wheel steering column advanced stitching instrument panel driver’s seat and rearview mirror memory 8.4-inch screen with navigation and carplay function Harman Kardon audio package: 18-speaker LOGIC7 GreenEdge power amplifier trunk subwoofer system driver’s convenience package: blind spot monitoring with cross traffic assistance with heated exterior rearview mirror HID headlight electric rearview mirror. Adjustment, manual folding SRT PLUS bag: seat SRT blackened bag with "engine corner style" design: two-piece Hellcat grille badge black shiny metal appearance badge frosted gray "dodge" taillight badge advanced technology package: ACC adaptive cruise automatic high beam headlight forward collision warning rain sensor wiper single choice configuration: Pirelli P ZERO summer tire SRT performance version tail red seat belt

For specific vehicle details, please call Manager Shi at 132-1226-2918 with WeChat.

The 2024 Dodge Challenger has an aggressive front face, the taillights are concave in a row, and the double exhaust and generous tail have a British symmetrical retro beauty. Dodge Challenger, as the most exciting one in the Challenger series, is undoubtedly the most individual. The internal configuration of the undergraduate model is particularly complete, and the workmanship and materials are very careful. Most areas in the car are wrapped in leather, and the multi-function steering wheel, large-size color information screen, Bluetooth phone, navigation, and dual-zone automatic air conditioning should be all in the area.

For specific vehicle details, please call Manager Shi at 132-1226-2918 with WeChat.

The 2024 Dodge Challenger adopts the latest design concept of the Dodge family, and its overall shape is more sporty. The instrument panel adopts the combination design of double instrument panels and LCD screen, and the center console adopts split type with a central LCD screen. It has a sporty atmosphere, including a bottom steering wheel, sports seats, carbon fiber-like interior parts and aluminum alloy decorative panels. For specific vehicle details, please call Manager Shi at 132-1226-2918 "With WeChat". As an American muscle model, Dodge Challenger needs to be sloppy and rough to be more American. There is such a car, when you first see it, your heart is a little throbbing, and at the same time, you are more appreciative. Most friends who have feelings for the American muscle car will love it, even regard it as a treasure, and it is the Dodge Challenger.

For specific vehicle details, please call Manager Shi at 132-1226-2918 with WeChat.

In terms of power transmission of the 2024 Dodge Challenger, Dodge provided the new car with an eight-speed automatic transmission. In terms of suspension, keeping the side up is an independent suspension with a five-bar linkage at the back. In order to help reduce the image of a straight-line hero, Challenger also provides various performance suspension and braking components with excellent functions, including Bilstein impact, lower driving height and new steering adjustment.

For specific vehicle details, please call Manager Shi at 132-1226-2918 with WeChat.

The new 2024 Dodge Challenger car will be equipped with three engines, including a 3.6V6 engine, a 6.2HEMI V8 engine and a 6.4LHEMI engine. The maximum power of the engine is 492 HP, and the peak torque is 637 Nm. The acceleration time of 0-96km/h will be within 4 seconds. Matching will be 6-speed manual and 8-speed automatic gearbox. Generally speaking, the extraordinary performance of this car is loved by many fans and friends, and it is also the best performance of this car.

For specific vehicle details, please call Manager Shi at 132-1226-2918 with WeChat.

Tianjin Bangyu Automobile International Trading Co., Ltd. is a company that sells Mercedes-Benz, BMW, Porsche, Land Rover, Audi,

BENTLEY, Maserati, TOYOTA, Lexus and other luxury car brands and high-end car companies, 13212262918 (same as WeChat)

Manager Shi’s WeChat circle of friends updates a large number of parallel imported cars, configurations, quotations and pictures every day. If you have any questions about buying a car, Tianjin parallel imported car monopoly, I will answer them for you as soon as possible.

Our advantages: vehicles can enjoy national warranty, warranty, replacement and return. We have many years of successful experience in customer service and provide you with the best solution that suits you. Commitment: The vehicles sold in our store are brand new and unchanged.

Formal procedures, we don’t do the lowest price in the market, there is no guarantee if it is low, and we don’t do the highest price. If it is high, we have no feelings. We only earn what we should earn, pay what we should, do things seriously, and win-win cooperation. We can’t guarantee that you will spend the least money.

I can guarantee that you will save the greatest heart and get a win-win situation of quality, efficiency, interests and look forward to the cooperation of every new and old customer! Serve with your heart and pass on trust! I am willing to cooperate with you for a long time.

Company name: Tianjin Bangyu Automobile Co., Ltd.

For more details of vehicle configuration quotation, please call the following number: 13212262918 Manager Shi (telephone number is the same as WeChat).

Address: No.288 Jingmen Avenue, Bonded Zone, Binhai New Area, Tianjin

CCTV News:The Asian Games in Hangzhou is not only a sports feast, but also a platform for cultural exchange, providing athletes and spectators from all over the world with an opportunity to understand the culture of Hangzhou and China. Besides sports competitions, friendship and unity are also displayed here. Members of delegations from different countries and regions mentioned that it was a good experience to participate in the Hangzhou Asian Games.

Farah Hani Yimulan, Deputy Head of Delegation of the Malaysian Olympic Committee:You have created a great place for all the delegations coming to Hangzhou, with great facilities, and you are one of the representatives of China. In the volunteer hut of the Asian Games Village, there are many impressive cultural experience activities, such as calligraphy and making (handmade) lotus flowers, which is great. The Asian Games has brought us friendship and unity to push forward Asia. Everyone wants to be stronger, but "a single thread doesn’t make a line, a single tree doesn’t make a forest". We saw friends in China, and we want to have a bright future! Heart to heart, love the future!　

Huang Guorong, Deputy Head of the Vietnamese Olympic Committee Delegation:I studied in China 20 years ago and studied Chinese at Wuhan Institute of Physical Education in China. Every year, teams come to China for training, especially in martial arts, wrestling, boxing and fencing. It can be said that China sports have gold medals in the world, in Asia and in the Olympics, so we come here, hoping to communicate with high-level athletes in China and learn to improve their level.

Arslan Gaipnazarov, an athlete of Turkmenistan Olympic Committee:I took part in swimming competitions, and of course I came here to get good grades and win medals, preferably gold medals. I got a lot of China badges, Vietnamese badges and Hangzhou badges here, beautiful badges, and met many new friends and volunteer friends from other countries. It’s really great.

Qatar squash player Abdullah Al Tamimi:I am a squash player. I have been waiting for the Asian Games for a long time. I am really looking forward to it. I am fully prepared to win medals for my country. I like the people here. They are very nice and always smile.

Officials of the Sri Lankan delegation:All our countries are together in the Asian Games, which is a platform to show sportsmanship, and we are very happy to participate. The facilities here are very good. Our country, Sri Lanka, has excellent athletes, especially in wrestling, judo, karate and track and field, so we hope Sri Lanka can win many medals.

State Taxation Administration of The People’s Republic of China order

No.56

The Decision of State Taxation Administration of The People’s Republic of China on Amending the Detailed Rules for the Implementation of the Measures for the Administration of Invoices in People’s Republic of China (PRC), which was considered and adopted at the 3rd executive meeting in State Taxation Administration of The People’s Republic of China on December 29th, 2023, is hereby promulgated and shall come into force as of March 1st, 2024.

Director State Taxation Administration of The People’s Republic of China: Hu Jinglin.

January 15, 2024

In order to ensure the effective implementation of the Measures for the Administration of Invoices in People’s Republic of China (PRC) (hereinafter referred to as the Measures), State Taxation Administration of The People’s Republic of China has decided to make the following amendments to the Detailed Rules for the Implementation of the Measures for the Administration of Invoices in People’s Republic of China (PRC):

One article is added as Article 3: "The electronic invoice mentioned in Article 3 of the Measures refers to the receipt and payment vouchers issued and collected in the form of data messages in accordance with the provisions of the tax authorities on invoice management in the purchase and sale of commodities, provision or acceptance of services and other business activities.

"Electronic invoices have the same legal effect as paper invoices, and no unit or individual may refuse them."

Two, one article is added as Article 4: "The tax authorities shall build an electronic invoice service platform to provide digital electronic invoice issuance, delivery, inspection and other services for ticket users and individuals."

Three, one article is added as Article 5: "The tax authorities shall, in accordance with the provisions of laws and administrative regulations, establish and improve the invoice data security management system to ensure the safety of invoice data.

"Units and individuals shall carry out invoice data processing activities in accordance with the relevant provisions of State Taxation Administration of The People’s Republic of China, undertake the obligation of invoice data security protection according to law, and shall not store invoice data in excess of the specified amount, and shall not use, illegally sell or illegally provide invoice data to others in violation of regulations."

4. Article 4 is renumbered as Article 7, and the first paragraph is amended as: "The basic contents of an invoice include: invoice name, invoice code and number, serial number and purpose, customer name, bank and account number, commodity name or business item, unit of measurement, quantity, unit price, amount in words and figures, tax rate (collection rate), tax amount, drawer, billing date and name of billing unit (individual).

5. Article 5 is renumbered as Article 8 and amended as: "An invoice-receiving entity may request the tax authorities in writing to use the invoice with its name printed on it, and the tax authorities shall confirm the type and quantity of the invoice with its name printed on it according to Article 15 of the Measures."

6. Article 6 is renumbered as Article 9 and amended as: "The tax authorities shall supervise and manage the enterprises that print invoices according to the requirements of government procurement contracts and the management of anti-counterfeiting products for invoices."

7. Article 10 is renumbered as Article 13, and the first paragraph is amended as: "The tax authorities that supervise the production of invoices shall issue a notice of invoice printing as required, and the printing enterprises must print as required."

VIII. Article 13 is renumbered as Article 16, and the first paragraph is amended as follows: "The special seal for invoices mentioned in Article 15 of the Measures refers to the seal with the words of its name, unified social credit code or taxpayer identification number and special seal for invoices stamped by the units and individuals receiving invoices when they issue paper invoices."

9. Article 15 is renumbered as Article 18 and amended as: "The methods of collection mentioned in Article 15 of the Measures refer to the methods of batch supply, exchange of the old and bring in the new, inspection of the old and bring in the new, and determination of the quota.

"The tax authorities determine or adjust the type, quantity, amount and method of collecting invoices according to the tax risk degree, tax credit level and actual business situation of units and individuals."

Ten, delete sixteenth, eighteenth, twenty-first, twenty-second, twenty-third, thirty-seventh.

XI. One article is added as Article 25: "The amount stipulated in Article 19 of the Measures shall not be changed, including the unit price and quantity involved in the calculation of the amount."

12. Article 27 is renumbered as Article 26 and amended as: "After the paper invoice is issued, if it is necessary to void the invoice, such as sales return, wrong invoicing, suspension of taxable services, etc., the original invoice shall be recovered and marked with the word’ void’, and then the invoice shall be void.

"After issuing a paper invoice, if it is necessary to issue a red-ink invoice in case of sales return, wrong invoicing, suspension of taxable services, sales discount, etc., it shall recover all the original invoices and indicate the words’ red-ink’ before issuing a red-ink invoice. If it is impossible to recover all the original invoices, it shall issue a red-ink invoice after obtaining the valid certificate of the other party. "

13. One article is added as Article 27: "After issuing an electronic invoice, in case of sales return, incorrect invoicing, suspension of taxable services, sales discount, etc., a red-ink invoice shall be issued in accordance with the regulations."

Article 28 is amended as: "When issuing invoices, units and individuals shall fill in complete items and true contents.

"Paper invoices should be filled out in the order of invoice numbers, with clear handwriting, all printed at one time, and the contents are exactly the same, and the invoice joint and deduction joint should be stamped with the special invoice seal."

15. One article is added as Article 29: "Inconsistency with the actual business operation mentioned in Article 21 of the Measures refers to one of the following acts:

"(1) Issuing or obtaining invoices without buying or selling commodities, providing or receiving services or engaging in other business activities;

"(2) buying or selling commodities, providing or accepting services, or engaging in other business activities, but the buyer, seller, commodity name, business items, amount, etc. specified in the invoices issued or obtained are inconsistent with the actual situation."

16. One article is added as Article 31: "Units and individuals providing services such as collecting and issuing invoices to clients shall be subject to the supervision of the tax authorities, and the maximum amount of invoice data stored shall comply with the provisions of the tax authorities."

17. One article is added as Article 32: "If an electronic invoice information system is developed to provide tax-related services such as query, download, storage and use of invoice data for others, it shall comply with the data standards and management regulations of the tax authorities, and sign an agreement with the client, and shall not use the invoice data beyond the authorized scope."

18. One article is added as Article 34: "Identity verification as mentioned in Article 26 of the Measures means that when units and individuals collect, issue and issue invoices on their behalf, their handlers should pay taxes under their real names."

19. One article is added as Article 36: "The tax authorities may extract, transfer, consult and copy invoice data during invoice inspection."

Twenty, Article 34 is changed to Article 39, which is amended as: "If the tax authorities punish acts that violate the laws and regulations on invoice management according to law, the tax authorities at or above the county level shall decide; If the fine is less than 2,000 yuan, it may be decided by the tax office. "

21. One article is added as Article 40: "Where Item 6 of Article 33 of the Measures stipulates that other vouchers are used instead of invoices, including:

"(a) invoices should be issued without invoices, and other vouchers should be used instead of invoices;

"(2) invoices should be obtained but not obtained, and other vouchers other than invoices or self-made vouchers should be used for tax deduction, export tax rebate, pre-tax deduction and financial reimbursement;

"(three) to obtain invoices that do not meet the requirements for tax deduction, export tax rebate, pre-tax deduction and financial reimbursement.

"If it constitutes evasion of tax payment, fraudulent export tax refund or false invoicing, it shall be implemented in accordance with the relevant provisions of the People’s Republic of China (PRC) Tax Collection and Management Law and the Measures."

22. Article 35 is changed into Article 41 and amended as: "The announcement mentioned in Article 38 of the Measures means that the tax authorities shall announce the taxpayer’s illegal invoices in tax places or news media such as radio, television, newspapers, periodicals and the Internet. The contents of the announcement include: the name of the taxpayer, the unified social credit code or the taxpayer identification number, the place of business, and the specific circumstances of violating the invoice management regulations. "

Twenty-three, one article is added as Article 43: "The tax bureaus of cities with separate plans shall do a good job in invoice management with reference to the responsibilities of the tax bureaus of provinces, autonomous regions and municipalities directly under the Central Government in the Measures."

Twenty-four, third, seventh, fourteenth and thirty-first in the "invoice" is amended as "paper invoice".

Twenty-five, the name of the third chapter and fourteenth in the "purchase" is amended as "receiving".

In addition, the order of articles and individual words are adjusted and modified accordingly.

This decision shall come into force as of March 1, 2024.

The Detailed Rules for the Implementation of the Measures for the Administration of Invoices in People’s Republic of China (PRC) shall be revised accordingly and re-promulgated.

Detailed rules for the implementation of the measures for the administration of invoices in People’s Republic of China (PRC)

(Promulgated by Order No.25 of State Taxation Administration of The People’s Republic of China on February 14, 2011, the first amendment was made according to the Decision of State Taxation Administration of The People’s Republic of China on Amending the Detailed Rules for the Implementation of the Measures for the Administration of Invoices in People’s Republic of China (PRC) on December 27, 2014, and the second amendment was made according to the Decision of State Taxation Administration of The People’s Republic of China on Amending the Rules of Some Tax Departments on June 15, 2018, and the State Taxation Administration of The People’s Republic of China on July 24, 2019 announced the cancellation of a batch of taxes. The matters to be certified and the decision to abolish and modify some regulatory documents were revised for the third time according to the Decision of State Taxation Administration of The People’s Republic of China on Amending the Detailed Rules for the Implementation of the Measures for the Administration of Invoices in People’s Republic of China (PRC) on January 15, 2024.

• Chapter I General Provisions

Article 1 These Detailed Rules are formulated in accordance with the Measures for the Administration of Invoices in People’s Republic of China (PRC) (hereinafter referred to as the Measures).

Article 2 Invoices with uniform patterns throughout the country shall be determined by State Taxation Administration of The People’s Republic of China.

Invoices with uniform patterns within provinces, autonomous regions and municipalities directly under the Central Government shall be determined by the tax bureaus of provinces, autonomous regions and municipalities directly under the Central Government (hereinafter referred to as provincial tax bureaus).

Article 3 The electronic invoice mentioned in Article 3 of the Measures refers to the receipt and payment vouchers issued and collected in the form of data messages in accordance with the provisions of the tax authorities on invoice management in the purchase and sale of commodities, provision or acceptance of services and other business activities.

Electronic invoices and paper invoices have the same legal effect, and no unit or individual may refuse them.

Article 4 The tax authorities shall build an electronic invoice service platform to provide digital electronic invoice issuance, delivery, inspection and other services for ticket users and individuals.

Article 5 The tax authorities shall, in accordance with the provisions of laws and administrative regulations, establish and improve the invoice data security management system to ensure the invoice data security.

Units and individuals shall carry out invoice data processing activities in accordance with the relevant provisions of State Taxation Administration of The People’s Republic of China, undertake the obligation of invoice data security protection according to law, and shall not store invoice data in excess of the specified amount, and shall not use, illegally sell or illegally provide invoice data to others in violation of regulations.

Article 6 The basic forms of paper invoices include stub forms, invoice forms and bookkeeping forms. The stub shall be kept by the payee or the drawer for future reference; The invoice is combined by the payer or the drawee as the original payment voucher; Bookkeeping is made by the payee or the drawer as the original voucher for bookkeeping.

The tax authorities at or above the provincial level may, according to the management of paper invoices and the needs of taxpayers’ business operations, increase or decrease other invoices, and determine their uses.

Article 7 The basic contents of an invoice include: invoice name, invoice code and number, serial number and purpose, customer name, bank and account number, commodity name or business item, unit of measurement, quantity, unit price, amount in words and figures, tax rate (collection rate), tax amount, drawer, date of invoicing, name (seal) of billing unit (individual), etc.

The tax authorities at or above the provincial level may determine the specific contents of invoices according to the needs of economic activities and invoice management.

Article 8 An invoice-receiving entity may request the tax authorities in writing to use the invoice with its name printed on it, and the tax authorities shall confirm the type and quantity of the invoice with its name printed on it according to Article 15 of the Measures.

• Chapter II Printing of Invoices

Article 9 The tax authorities shall supervise and manage the enterprises that print invoices according to the requirements of government procurement contracts and the management of anti-counterfeiting products for invoices.

Article 10 The national unified anti-counterfeiting measures for paper invoices shall be determined by State Taxation Administration of The People’s Republic of China, and the provincial tax bureau may add anti-counterfeiting measures for paper invoices in the local area according to needs, and file them with State Taxation Administration of The People’s Republic of China.

Special anti-counterfeiting products for paper invoices shall be kept in special warehouses according to regulations and shall not be lost. Defective products and waste products shall be destroyed centrally under the supervision of tax authorities.

Article 11 The unified national invoice producer seal is the legal symbol for tax authorities to manage invoices, and its shape, specifications, content and printing color shall be stipulated by State Taxation Administration of The People’s Republic of China.

Twelfth nationwide invoice replacement is determined by State Taxation Administration of The People’s Republic of China; The replacement of invoices within provinces, autonomous regions and municipalities directly under the Central Government shall be determined by the Provincial Taxation Bureau.

When the invoice is changed, it shall be announced.

Article 13 The tax authorities that supervise the production of invoices shall, as required, issue a notice of printing invoices, and the printing enterprises must print them as required.

The invoice printing notice shall specify the name of the enterprise that printed the invoice, the name of the unit that used the invoice, the name of the invoice, the invoice code, the type, the serial number, the specification, the printing color, the printing quantity, the starting and ending numbers, the delivery time and place, etc.

Article 14 The finished products printed by an invoice printing enterprise shall be kept in a special warehouse after acceptance according to regulations, and shall not be lost. Waste products should be destroyed in time.

• Chapter III Collection of Invoices

Article 15 The identity certificate of the agent mentioned in Article 15 of the Measures refers to the resident identity card, passport or other documents that can prove the identity of the agent.

Article 16 The special seal for invoices mentioned in Article 15 of the Measures refers to the seal stamped by the units and individuals who receive invoices when they issue paper invoices with the words of their name, unified social credit code or taxpayer identification number and special seal for invoices.

The style of special invoice seal is determined by State Taxation Administration of The People’s Republic of China.

Article 17 The tax authorities shall keep the impression of the special seal for invoices provided by units and individuals who receive paper invoices for future reference.

Article 18 The methods of requisition mentioned in Article 15 of the Measures refer to the methods of batch supply, exchange of the old and bring in the new, inspection of the old and bring in the new, and determination of the quota.

The tax authorities determine or adjust the type, quantity, amount and method of receiving invoices according to the tax risk degree, tax credit level and actual business situation of units and individuals.

Article 19 The use of invoices mentioned in Article 15 of the Measures refers to the receipt and storage of invoices and related invoicing data.

Twentieth "written proof" as mentioned in Article 16 of the Measures refers to the relevant business contracts, agreements or other materials approved by the tax authorities.

Article 21 The tax authorities shall sign an agreement with the units entrusted to issue invoices on their behalf, specifying the types, objects, contents and related responsibilities of issuing invoices on their behalf.

• Chapter IV Issuance and Custody of Invoices

Article 22 Under special circumstances as mentioned in Article 18 of the Measures, the invoice issued by the payer to the payee refers to the following circumstances:

(1) When the purchasing unit and withholding agent pay personal money;

(2) State Taxation Administration of The People’s Republic of China believes that other invoices need to be issued by the payer to the payee.

Twenty-third retail small commodities to consumers or provide sporadic services, whether it can be exempted from issuing invoices one by one, is determined by the provincial tax bureau.

Twenty-fourth units and individuals who fill out invoices must issue invoices when business operations are confirmed. No invoices are allowed without business.

Article 25 The amount stipulated in Article 19 of the Measures shall not be changed, including the unit price and quantity involved in the calculation of the amount.

Article 26 After the paper invoice is issued, in case of sales return, wrong invoicing, suspension of taxable services, etc., if it is necessary to void the invoice, the original invoice shall be recovered and marked with the word "void" to void the invoice.

If it is necessary to issue a red-ink invoice after issuing a paper invoice, such as sales return, wrong invoicing, suspension of taxable services, sales discount, etc., it shall withdraw all the original invoices and indicate the word "red-ink" before issuing a red-ink invoice. If all copies of the original invoice cannot be recovered, a red-ink invoice shall be issued after obtaining the valid certificate of the other party.

Twenty-seventh after the issuance of electronic invoices, if sales are returned, invoicing is wrong, taxable services are suspended, sales are discounted, etc., red-ink invoices shall be issued in accordance with regulations.

Article 28 When issuing invoices, units and individuals shall fill in complete items and true contents.

Paper invoices shall be filled out in the order of invoice numbers, with clear handwriting, all printed in one copy, and the contents are completely consistent, and the invoice and deduction copies shall be stamped with the special invoice seal.

Article 29 "Inconsistency with actual business operation" as mentioned in Article 21 of the Measures refers to one of the following acts:

(1) Issuing or obtaining invoices without buying or selling commodities, providing or receiving services or engaging in other business activities;

(2) buying and selling commodities, providing or accepting services, and engaging in other business activities, but the buyer, seller, commodity name, business items and amount specified in the invoices issued or obtained are inconsistent with the actual situation.

Article 30 Invoices shall be issued in Chinese. National autonomous areas can use a national language commonly used in the local area at the same time.

Article 31 Units and individuals providing services such as collecting and issuing invoices to clients shall be subject to the supervision of the tax authorities, and the maximum amount of invoice data stored shall comply with the provisions of the tax authorities.

Article 32 Where an electronic invoice information system is developed to provide tax-related services such as query, download, storage and use of invoice data for others, it shall comply with the data standards and management regulations of the tax authorities, and sign an agreement with the client, and shall not use invoice data beyond the authorized scope.

Thirty-third "measures" mentioned in article twenty-fifth of the provisions of the use of the region refers to the State Taxation Administration of The People’s Republic of China and the provincial tax bureau of the region.

Article 34 The identity verification mentioned in Article 26 of the Measures refers to that when units and individuals collect, issue and issue invoices on their behalf, their handlers should pay taxes under their real names.

Thirty-fifth units and individuals that use paper invoices shall properly keep the invoices. When the invoice is lost, it shall be reported to the tax authorities in writing on the day when the loss is found.

• Chapter V Inspection of Invoices

Article 36 The tax authorities may extract, transfer, consult and copy invoice data during invoice inspection.

Thirty-seventh "measures" mentioned in Article 31 of the invoice for the ticket is limited to use in the county (city). When it is necessary to transfer invoices from other counties (cities) for inspection, it shall be submitted to the tax authorities of the county (city) for receipt of invoices.

Thirty-eighth units and individuals who use tickets have the right to apply to the tax authorities to identify the authenticity of invoices. The tax authorities that receive the application shall accept and be responsible for identifying the authenticity of the invoice; If it is difficult to identify, it may be submitted to the tax authorities under invoice supervision for assistance in identification.

Invoices seized at the scene of forgery or alteration, as well as at the place of sale and storage, shall be identified by the local tax authorities.

• Chapter VI Penalty

Thirty-ninth tax authorities to punish acts in violation of invoice management regulations according to law, decided by the tax authorities at or above the county level; A fine of less than 2000 yuan may be decided by the tax office.

Article 40 Where Item 6 of Article 33 of the Measures stipulates that other vouchers shall be used instead of invoices, including:

(a) invoices should be issued without invoices, and other vouchers should be used instead of invoices;

(2) The invoices should be obtained but not obtained, and other vouchers other than invoices or self-made vouchers are used for tax deduction, export tax rebate, pre-tax deduction and financial reimbursement;

(three) to obtain invoices that do not meet the requirements for tax deduction, export tax rebate, pre-tax deduction and financial reimbursement.

Those who evade paying taxes, defraud export tax rebates or falsely issue invoices shall be implemented in accordance with the relevant provisions of the People’s Republic of China (PRC) Tax Collection and Management Law and the Measures.

Article 41 The term "announcement" as mentioned in Article 38 of the Measures means that the tax authorities shall announce the taxpayer’s illegal invoices in tax places or news media such as radio, television, newspapers, periodicals and the Internet. The contents of the announcement include: the name of the taxpayer, the unified social credit code or the taxpayer identification number, the place of business, and the specific circumstances of violating the invoice management regulations.

Article 42 If a violation of the invoice management regulations is serious enough to constitute a crime, the tax authorities shall transfer it to judicial organs for handling according to law.

• Chapter VII Supplementary Provisions

Article 43 The tax bureaus of cities under separate state planning shall do a good job in invoice management with reference to the responsibilities of the tax bureaus of provinces, autonomous regions and municipalities directly under the Central Government in the Measures.

Article 44 These Rules shall come into force as of February 1, 2011.

On January 17th, the State Council Press Office held a press conference on the operation of the national economy in 2021. The released data showed that in 2021, China’s gross domestic product (GDP) exceeded 110 trillion yuan, up 8.1 percentage points year-on-year, and the national economy continued to recover and develop. At the same time, China has made great efforts to deepen reform, open wider to the outside world and promote innovation, making new breakthroughs in high-quality development, and achieving rapid development in industries such as electronic and communication equipment manufacturing, pharmaceutical manufacturing, information transmission, software and information technology services. These industries have one remarkable thing in common-intensive patent technology.

At present, cultivating and expanding patent-intensive industries has become an important measure to promote the integration of intellectual property rights into high-quality economic and social development in China. In 2020, the COVID-19 epidemic had a great impact on economic and social development, and China’s patent-intensive industries still maintained steady growth, with an added value of more than 12 trillion yuan and a contribution rate of 24.6% to GDP growth. Contrarian growth highlights innovation resilience, and promotes more value orientation with the trend. Experts pointed out that "the proportion of added value of patent-intensive industries in GDP" as an expected indicator is included in the medium-term target of the Outline of Building a Powerful Intellectual Property Country (2021-2035) to 2025 and the indicator system of the National Intellectual Property Protection and Utilization Plan during the Tenth Five-Year Plan, which will further play the role of quality foundation and value orientation of indicators, guide the transformation and upgrading of industrial structure, and strengthen the support ability of releasing intellectual property rights for high-quality development.

Innovation is transformed into development tenacity

According to the Statistical Classification of Intellectual Property (Patent)-intensive Industries (2019), intellectual property (patent)-intensive industries refer to the industrial clusters whose invention patent density and scale meet the prescribed standards, which rely on intellectual property to participate in market competition and conform to the innovation and development orientation.

"Compared with other industries, patent-intensive industries have stronger innovation ability and higher scientific and technological content. The innovation ability echoes the adjustment and upgrading ability of the industry. The rich technical reserves also provide the industry with relatively rich adjustment and change space, enabling the industry to better and faster adapt to the market demand at all stages of economic and social development, and the market competitiveness is outstanding. " Talking about the comparative advantages of patent-intensive industries, Ren Shengce, director of the Innovation and Competition Research Center of Shanghai International Intellectual Property Institute of Tongji University, said in an interview with this reporter that patent-intensive industries are more dependent on talents and capital, and have relatively small demand for labor factors. They emphasize the balanced use of all factors, the structure is more reasonable, and intellectual property rights protect patent-intensive industries more fully. These comparative advantages together shape the characteristics of patent-intensive industries’ development resilience and strong risk resistance.

This development tenacity inspired by innovation has been confirmed in many ways. Under the background of global anti-epidemic and epidemic prevention, China’s medicine and medical industry has given full play to its innovative ability, put forward a series of smart protection schemes to meet the needs of epidemic prevention and control, and produced a number of innovative medical service products. For example, COVID-19 intelligent CT film reading system and COVID-19 auxiliary analysis software based on artificial intelligence technology can empower the whole process of diagnosis and treatment, and help the whole chain of medical security to improve the level of health services. Statistics on the added value of patent-intensive industries show that in 2020, the growth rate of China’s pharmaceutical and medical industry will accelerate, with a year-on-year increase of 10.1%.

On the world economic stage, China’s patent-intensive industries also show stable anti-risk ability and trade driving force. According to the report on the foreign trade situation of the Ministry of Commerce, in 2020, knowledge-intensive service trade will keep growing against the trend when traditional services and manufacturing-related services are obviously affected by the epidemic. By October 2021, intellectual property royalties will be the second largest increase in the export volume of knowledge-intensive service trade, and the contribution of patent-intensive industries will occupy an important share in the statistical caliber of intellectual property royalties.

"Patent-intensive industries have outstanding innovation capabilities and strong market competitiveness, and have become a strong support and important development direction for innovative countries to promote high-quality economic and social development." The person in charge of the Strategic Planning Department of China National Intellectual Property Administration said that the development of patent-intensive industries is an objective requirement and the main driving force for China’s high-quality development.

Patent-intensive needs to be "dense" enough.

The national accounting and publishing mechanism for the added value of patent-intensive industries has been established and operated for three years, and all localities are also accelerating the process of bringing the added value of patent-intensive industries into the local statistical index system. During the "14th Five-Year Plan" period, "the proportion of added value of patent-intensive industries in GDP" was included in the national major top-level design index system of intellectual property rights, which further emphasized the value orientation of encouraging innovation and increasing industrial patent intensity.

Patent density not only refers to quantity density, but also emphasizes that "density" is high enough and quality is excellent. "The definition of patent-intensive industries emphasizes’ relying on intellectual property rights to participate in market competition’ and considers the technological innovation level of industries and enterprises. For the monitoring of comprehensive innovation level, in addition to paying attention to patent density and scale, we should also pay attention to the quality and influence of patents, the scope of protection of patents in the global market, the relationship between patents and productivity, and the efficiency of converting patents into main business income. " Ren Shengce pointed out that the baton of statistical indicators of patent-intensive industries should be "set more scientifically, measured more accurately and used more sparingly".

Aipeiyi Optoelectronic Technology Co., Ltd. (hereinafter referred to as Aipeiyi) is a "specialized and innovative" enterprise in the field of information and communication technology manufacturing. The company has developed and launched the world’s first optical anti-shake product for smart phones. At present, Apex has nearly 100 core patents in the field of optical image stabilization, of which nearly one third are basic invention patents. "The statistical monitoring of patent-intensive industries is a positive incentive mechanism, which further releases the signal that innovation is important to enterprises." Hong Hangqing, chairman of Aipeiyi, said in an interview with this reporter that he expects to see clearer quality orientation and fairer and more comprehensive market competition considerations in the indicator orientation.

"Only by stabilizing the indicators can we clearly indicate the direction of value and better develop the intellectual property economy based on patent-intensive industries. In addition to industrial monitoring and indicator design, we need to make further efforts in policy support, mechanism reform and market optimization. " Ren Shengce said. (Reporter Li Yangfang)

Jing Shang Xiao Zi [2024] No.12

Bureau of Commerce of each district, Bureau of Commerce and Finance of Beijing Economic and Technological Development Zone, municipal state-owned enterprise groups, headquarters enterprises and relevant units:

　　In order to implement the "Several Measures to Promote the High-quality Development of the First Store’s First Launch Economy" (No.14 [2022] of Jingshangxiao Promotion Word) and do a good job in reporting the first store’s first launch projects to encourage the development of commercial brands in 2024, relevant matters are hereby notified as follows:

　　I direction and content of support

　　(1) The first brand store, flagship store and innovative concept store.

　　For enterprises with independent legal personality in Beijing, the sum of opening the first store in Asia, the first store in China (Mainland), the first store in Beijing, the flagship store and the innovative concept store with domestic and foreign brands in Beijing after November 1, 2022 (inclusive) exceeds 500,000 yuan for store decoration (including decoration design fee, equipment purchase and supporting hardware facilities construction, and the rent paid (not exceeding 12 months). Among them, the retail enterprises will give up to 50% of the total actual investment according to the project, the first store in Asia will give up to 5 million yuan, the first store in China (Mainland) will give up to 2 million yuan, and the first store, flagship store and innovative concept store in Beijing will give up to 1 million yuan. Catering enterprises will be given a maximum support of 500,000 yuan according to the maximum 20% of the total actual investment approved by the project.

　　(two) the introduction of brand stores, flagship stores, innovative concept stores.

　　For the first store, flagship store and innovative concept store established in Jingnatong retail enterprises after November 1, 2022 (inclusive), the importing party with independent legal person status in Beijing will be given financial support according to the standard of giving a maximum reward of 100,000 yuan for each newly introduced store that meets the above conditions.

　　(3) New product release activities

　　For enterprises with independent legal personality in Beijing, 50% of the total actual investment is approved for the new product release activities of well-known brands at home and abroad held in Beijing after November 1, 2023 (inclusive), and the new product release activities of fashion consumer products such as clothing, cosmetics, watches, bags, gold and silver jewelry will be supported by a maximum of 2 million yuan, and the new product release activities of other consumer brands will be supported by a maximum of 1 million yuan.

　　Second, the support conditions

　　The project applicant shall meet the following conditions:

　　(1) Enterprises, institutions, economic organizations and other units that are registered in Beijing and have independent legal personality and are engaged in the operation, service and management of the commercial circulation industry.

　　(2) The specific types and standards of brand first stores, flagship stores, innovative concept stores and new product release activities shall conform to the Criteria for Defining First Stores, Launch Activities and Launch Centers (Annex 1).

　　(3) The signing of the contract, capital expenditure and invoice issuing time shall be no earlier than the actual opening time of the store or one year before the new product release event, and the total approved investment shall not be less than 70% of the total approved planned investment (total contracted investment in line with the supporting direction).

　　(four) the project is supported by the central financial funds or other municipal financial funds.

　　(five) the reporting unit has not had any major or above production safety accidents in the past three years.

　　(6) It shall not be supported in any of the following circumstances: it is included in the prohibited category and restricted category of the Catalogue of Prohibitions and Restrictions on New Industries in Beijing; Incorporated into the "blacklist" of joint punishment in the city; Being included in the list of bad credit records in Beijing’s commercial field and being punished by "not supporting" credit; Others that are not supported after deliberation.

　　Third, the application materials

　　Project application materials shall be made in duplicate, which shall be bound into volumes in sequence and stamped with the official seal of the unit (the full set of application materials shall be submitted together with the scanned electronic version). Project application materials will not be returned. The application materials are as follows:

　　(a) the application form for funds (see Annex 3-1 for the application of the first brand store, flagship store and innovative concept store, and Annex 3-2 for the application of the first brand store, flagship store and innovative concept store; See Annex 3-3 for the activities of declaring new product release).

　　(2) Brief introduction of the enterprise.

　　(three) the income statement of the tax declaration system of the project unit in the past year and the details of the main business income of all the shops operated.

　　(four) a copy of the legal person document of the project unit (copy of the business license, certificate of unified social credit code, identity certificate of the legal representative, etc.).

　　(5) Supporting materials.

　　1. Units that declare support funds for the first store, flagship store and innovative concept store, Proof of the actual opening time of the store (including but not limited to the third-party property certificate, news propaganda and other external certificates), monthly performance statement since the store opened (Annex 3-5), store business license, trademark registration certificate, description of the store type issued by the trademark registrant (or the authorized party with exclusive right to use the trademark area [Note 3], 2 photos of the store in operation (one for the front of the store and one for the scene in the store), The expenditure contract, expenditure voucher and project investment list corresponding to the investment amount (Annex 3-4). If the actual operation unit of the store is not a trademark registrant, an explanation of the authorized use of the trademark shall also be provided. For projects involving self-owned houses, provide proof of house property rights; For projects involving renting houses, a house lease contract or agreement shall be provided.

　　2. Units reporting the introduction of incentive funds for the first store, flagship store and innovative concept store shall provide supporting materials for the actual opening time of the store, the introduction agreement or lease agreement of two years or more, the monthly performance statement of the store since its opening (Annex 3-5), the business license of the store, the trademark registration certificate, the description of the store type issued by the trademark registrant (or the authorized party with exclusive right to use the trademark area), and two photos of the store in operation (the door of the store and the store) If the actual operating unit of the store is not a trademark registrant, it should also provide a description of the authorized use of the trademark.

　　3. Units applying for supporting funds for new product release activities shall provide a detailed list of project investment (Annex 3-4), expenditure contracts and vouchers corresponding to the investment amount, new product release activity plan (including the effect diagram of the activity scene construction) and activity summary report (including the completion of the activity, the performance of the activity, the publicity of the activity and the photos of the activity site).

　　(6) Summary of project application (Annex 3-6).

　　(seven) the project summary report (submitted in the project acceptance stage, including the completion of the project, the completion of the economic and social benefits of the project data).

　　(eight) other materials related to the project.

　　Fourth, the declaration process

　　(1) Project declaration. From the date of publication of this document, the project applicant shall submit the project application materials to the district commercial bureaus, the Beijing Economic and Technological Development Zone Commercial and Financial Bureau, the municipal state-owned enterprise groups and the headquarters enterprises according to the affiliation after the project meets the corresponding conditions, and will not be accepted after the deadline. The specific requirements are as follows:

　　1. Units that declare the support funds for the first store, flagship store and innovative concept store, which opened in Jingxin from November 1, 2022 to April 30, 2023, shall complete the project declaration before May 15, 2024; The first store, flagship store and innovative concept store opened in Jingxin after May 1, 2023 (inclusive) must complete the project declaration before October 31, 2024.

　　2. Units that declare the incentive funds for introducing the first store, flagship store and innovative concept store shall complete the project declaration before May 15, 2024 when introducing the first store, flagship store and innovative concept store opened in Jingxin from November 1, 2022 to April 30, 2023; The first store, flagship store and innovative concept store opened in Jingxin after May 1, 2023 (inclusive) must complete the project declaration before October 31, 2024.

　　3. Units that declare the support funds for new product launch activities must complete the project declaration before May 15, 2024 for the new product launch activities of well-known brands at home and abroad held in Beijing from November 1, 2023 to April 30, 2024; The new product launch activities of well-known brands at home and abroad held in Beijing after May 1, 2024 (inclusive) must be completed before October 31, 2024.

　　(2) Preliminary examination of the project. The District Bureau of Commerce, the Beijing Economic and Technological Development Zone Bureau of Commerce and Finance, the municipal state-owned enterprise groups and the headquarters enterprises conduct preliminary examination of the declared projects, and within 30 days after receiving the application materials from the enterprises, summarize the projects that have passed the preliminary examination, fill in the Summary of the Application of Commercial Circulation Development Projects and the Summary of the Preliminary Examination of Commercial Circulation Development Projects and report them to the Municipal Bureau of Commerce.

　　(3) Project review and acceptance. The Municipal Bureau of Commerce shall review and accept the project, and allocate funds for the project that has passed the acceptance. Among them, the project units that declare the direction of "brand first store, flagship store and innovative concept store" and "introducing brand first store, flagship store and innovative concept store" need to allocate support funds after the project has been opened and continuously operated for one year.

　　V. Job Requirements

　　(a) for the same reporting unit, the annual reporting items (including new product release activities) shall not exceed two; For the same new product release activity, only one project unit can declare; For the same brand, only one flagship store and innovative concept store are supported.

　　(2) For the first store project, the reporting entity shall be the actual investment and operation entity of the store; The project declaration brand should be the actual operation brand of the store.

　　(three) the reporting enterprise shall ensure that the application materials are true, accurate and complete, and ensure that the construction procedures of the project are in compliance with the schedule. It is not allowed to tamper with the relevant report information without authorization. For the project applicant who forges or provides false materials, it will be dealt with according to the Administrative Measures of Beijing Municipality on the List of Bad Credit Records in the Commercial Field (Trial), and the project support funds obtained shall be returned to the Municipal Bureau of Commerce.

　　(four) the project reporting unit that has obtained financial support shall actively cooperate with the relevant supervision and inspection, auditing and other work. The project reporting unit that declares the direction of "brand first store, flagship store and innovative concept store" and "introducing brand first store, flagship store and innovative concept store" shall receive regular performance tracking after obtaining financial funds and submit the store operation and related materials as required.

　　(5) If the subject receiving financial support reaches the scale above the quota of this Municipality, it shall be unified in accordance with statistical laws and regulations and the relevant provisions of the state, and provide the information needed for statistical investigation in a true, accurate, complete and timely manner.

　　(six) the preliminary examination units should actively organize the project declaration, do a good job of guidance and audit, strictly control, and do the relevant work in accordance with the prescribed procedures. All preliminary examination units should strengthen the follow-up guidance and follow-up supervision of the supported projects, ensure the implementation effect of the projects, and give full play to the efficiency in the use of financial funds.

　　(VII) After receiving the financial funds, the project unit shall handle the accounts in accordance with the relevant provisions of the Notice of the Ministry of Finance on Printing and Amending the Accounting Standards for Business Enterprises No.16-Government Subsidies (Cai Shui [2017] No.15), unless otherwise stipulated by relevant laws and regulations.

　　(eight) for interception, misappropriation, fraudulent financial funds and other illegal acts, in accordance with the "Regulations on Punishment of Financial Violations" (the State Council Decree No.427th, revised according to the State Council Decree No.588th in 2011) and other relevant provisions for punishment. If the case constitutes a crime, it shall be handed over to judicial organs for criminal responsibility.

　　(9) Projects that submitted application materials in 2023 in accordance with the Notice of Beijing Municipal Bureau of Commerce on Issuing the Guidance for the Application of First Store Projects to Encourage the Development of Commercial Brands in 2023 (J.S.Q.Z. Zi [2023] No.19) are still reviewed in accordance with the requirements of the original notice. Projects that have passed the audit can no longer be declared according to the requirements of this notice, and projects that have not passed the audit can be re-declared after supplementing relevant information according to the requirements of this notice.

　　VI. Other matters

　　This document is interpreted by the Municipal Bureau of Commerce.

　　Tel: 010-55579645, Consumption Promotion Division II, Municipal Bureau of Commerce.

　　Notes:

　　[Note 1] The actual opening time of the store.

　　[Note 2] The annual main business income of retail and catering brand stores exceeds 2 million yuan, and the overall performance of the stores is stable or rising. A continuous or substantial decline is not regarded as stable performance.

　　[Note 3] A description consistent with the declared store type shall be provided. The first store definition standard refers to Annex 1, and it is required to specify what kind of first store/flagship store/innovative concept store the declared store is, the number of physical stores of the brand, the opening time of each store, etc. Retail flagship stores also need to explain the store area and the category of goods they operate; Innovative concept stores also need to explain the significant differences between the declared stores and other stores of the brand.

　　Related attachments:

　　Appendix 1: Definition Criteria for First Store, Launch Event and Launch Center

The memory chip market, which has always been regarded as the "wind vane" of the semiconductor industry, recovered strongly in the first half of this year.

　　According to the data released recently by CFM Flash Market, a professional storage market research organization, the global NANDFlash (non-volatile memory) market scale increased by 18.6% to $18 billion in the second quarter of 2024, and the DRAM (volatile memory) market scale increased by 24.9% to $23.42 billion. The scale of the global storage market increased by 22.1% quarter-on-quarter to US$ 41.42 billion in the second quarter, up by 108.7% year-on-year. In the first half of 2024, the global storage market reached $75.33 billion, a year-on-year increase of 97.7%.

　　The reasons driving the recovery of the storage market include not only the repair and return after the excessive decline of the market in the previous two years, but also the efforts of the original storage factory to actively reduce production and capital expenditure to promote the balance between supply and demand in the market. More crucially, the soaring demand for AI (artificial intelligence) computing infrastructure has brought new growth momentum to the storage industry.

　　Zhang Chi, chairman of Beijing Xinding Rong Sheng Capital Management Co., Ltd. told the Economic Observer: "The integration of storage and computing is the optimal solution in the AI ? ? era. The increasing demand for computing power construction will definitely drive the growth of storage market demand. The demand for AI servers is the main driving force of the current storage market."

　　However, in recent days, the storage market with strong recovery has also begun to change: TrendForce Jibang Consulting, a well-known research institution in the semiconductor industry, recently released a research report saying that in the second quarter of 2024, the shipments of storage module factories in consumer NANDFlash retail channels have been significantly reduced by 40% year-on-year, reflecting that the global consumer storage market is facing severe challenges, and the demand in the second half of the year will not be significantly warmed up.

　　The reason why the consumer memory market is facing severe challenges is that the growth rate of PC (personal computer) and mobile phone, which account for the bulk of the demand for memory chips, is far from the market expectation. Yang Yiting, a CFM flash memory market analyst, said: "The storage market in the third quarter has reached a crossroads, the server storage market is generally stable, and the consumer storage market is obviously under pressure."

　　The marketing manager of a storage manufacturer in South China said: "Now, we are only cautious about the market outlook, neither optimistic nor pessimistic. AI may not be the savior of storage for the time being."

AI strong drive

　　The first reason for the strong recovery of the memory chip market this year is the "low starting point".

　　Since the second half of 2022, the demand for consumer electronics has been weak, which has caused the storage market to fall into the "quagmire" of imbalance between supply and demand. The prices of NANDFlash and DRAM have fallen for four consecutive quarters since the third quarter of 2022, which caused many storage enterprises to suffer huge financial losses from 2022 to 2023. "Lack of terminal demand" is the common reason for the losses mentioned by these enterprises in the earnings conference call.

　　In Yang Yiting’s view, the storage industry naturally has a strong cycle. In the storage adjustment cycle started in the second half of 2022, the demand for consumer electronics was weak, and the market situation of oversupply caused the storage price to fall endlessly. The original storage factory faced the double pressure of sustained losses and idle capacity.

　　Yang Yiting said: "The original storage factory tried to rebalance the relationship between supply and demand by reducing production, but the reduction of production was time-limited and could not quickly alleviate the imbalance between supply and demand. As a result, the original storage factories have changed their attitudes, are unwilling to ship at low prices, and tighten supply, which has strongly boosted prices. The market structure has changed from competing for market share to restoring profitability. "

　　So after a series of "self-help" measures such as cutting capital expenditure, continuously reducing production, raising prices and clearing inventory, the market of memory chips began to pick up from the third quarter of 2023.

　　"In the first half of this year, the cumulative increase in the price of memory chips exceeded 40%, which shows that suppliers are strongly pushing up the price increase, which is intended to reverse the loss situation." Ao Guofeng, a senior analyst at TrendForce Jibang Consulting, said.

　　Yang Yiting also said: "In the first half of 2024, terminals such as mobile phones, PCs and servers were highly motivated to stock up, and the upstream storage factory optimized its inventory to improve its profitability. The overall supply and demand of the market were in a tight balance, so the storage market showed a comprehensive increase in volume and price in the first half of the year."

　　She said that at present, the new storage demand driven by AI mainly comes from the field of AI servers, which need to be equipped with high-performance and high-capacity HBM, DDR5 and eSSD (enterprise solid state drives). The DDR5 capacity of AI server is more than three times that of traditional server DRAM, while the HBM capacity of AI server is getting higher and higher. For example, B200 (AI training chip introduced by NVIDIA Company) is equipped with eight 141GB HBM 3Es, with a total capacity of 192GB, which is 36% higher than that of the previous generation H200. In addition, the AI server also actively uses QLCeSSD to accelerate the replacement of HDD (mechanical hard disk) to optimize the total cost and operational efficiency of the AI server.

　　"With the expansion of SSD applications in AI, the demand for enterprise-level SSD orders is in short supply, and the average price increase in the first three quarters of this year exceeded 20%." Yan Guofeng said.

　　This kind of "supply in short supply" brought by AI has now been truly reflected in the financial reports of storage vendors. For example, in the second quarter of this year, Samsung Electronics’ sales revenue of NANDFlash and DRAM reached US$ 6.141 billion and US$ 9.686 billion respectively, up by 13.8% and 24.7% respectively. The management of the company said in the earnings conference call: "The expansion of investment in artificial intelligence by ultra-large-scale customers has not only driven the strong demand for HBM, but also promoted the demand for traditional DRAM and solid state hard disk (SSD). The sales growth of HBM, DDR5 and other high value-added products for artificial intelligence, coupled with the improvement of overall prices, promoted a significant increase in profit in the second quarter compared with the previous quarter. "

　　Zhang Chi told the Economic Observer: "In the future, the scale of the AI server market will be about ten times that of mobile phones and computers, and the demand for storage in the construction of data centers will far exceed the consumer market. A server needs to be equipped with hundreds of memory chips, which is much more than mobile phones and computers. "

　　In Yang Yiting’s view, the long-term driving trend of AI to the growth of storage demand is certain, and there is a trend of deep integration between AI big model and cloud service. Large cloud service providers are actively investing capital expenditure to build higher barriers to cloud service, while edge devices are also increasing the training and deployment of AI big model.

　　Ao Guofeng emphasized that under the impetus of AI application, the server market will become the main area of flash memory application expansion, and this trend is expected to continue next year.

　　Structural contradiction

　　After storage manufacturers actively reduce production to balance supply and demand and AI brings new growth space, the storage chip industry has the opportunity to move steadily towards a new round of growth cycle. However, since the second half of this year, the price of the storage spot market has been continuously lowered, which has cast a "shadow" on the hard-won recovery of the whole industry.

　　According to CFM flash memory market statistics, the spot price indexes of NANDFlash and DRAM have been falling all the way since hitting the stage high point in May this year, and have now returned to the level at the end of 2023. TrendForce Jibang Consulting also said in a recent research report that the spot price of memory mainly based on consumer products began to weaken, and the price in the second quarter fell by more than 30% compared with the first quarter.

　　The marketing manager of the aforementioned storage manufacturer told the Economic Observer: "The product barriers required by AI servers are relatively high, and the’ cake’ is mainly eaten by overseas head manufacturers. At present, AI has not brought significant demand growth in major markets such as PCs and mobile phones, so we dare not say how good the situation will be this year. We can only take it one step at a time."

　　In the process of interviewing domestic storage manufacturers, the Economic Observer learned that compared with the pursuit of AI computing infrastructure, the practitioners actually hoped for the explosion of AIPC and AI mobile phones at the beginning of the year, but after the thunder of AIPC and AI mobile phones, the "rain" never came down, and the recovery of the consumer electronics market was far less than expected.

　　In Yang Yiting’s view, the domestic consumer market has not yet recovered, and some smartphone brands have begun to lower their sales growth expectations in 2024. At the same time, with the rising price of parts, the hardware cost of mobile phone manufacturers is under great pressure, and some mobile phone manufacturers have begun to reduce the configuration of cameras, screens and storage. In terms of capacity allocation, allocation reduction has become a last resort for major mobile phone brand manufacturers.

　　"DRAM bears the brunt. The high-end models have dropped from 16GB to 12GB, and the low-end models have been withdrawn to 4GB. The sales of low-end models have increased, the sales of high-end mobile phones have decreased, and the overall demand for DRAM has shrunk. The same is true for NAND, which reduces the demand for high-capacity configuration by adjusting marketing strategies. " Yang Yiting further stated.

　　Regarding the PC market, Yang Yiting analyzed that due to the slow recovery of the domestic PC market, the consumer market generally has insufficient acceptance of the excessive rise in storage prices, while the downstream storage manufacturers have a large number of low-priced inventories, so it is difficult for the prices of finished consumer storage products to reflect the changes in the original resource prices in time, and the prices of some storage products have also been upside down.

　　Ao Guofeng said: "The improvement effect of AI on the flash memory capacity of PCs and smartphones may not appear until 2026."

　　But for many storage vendors, they may need to "take risks" and wait for the day when "AI will actually pull the consumer market".

　　According to the financial report data, as of June 30, 2024, the book value of inventory of domestic storage enterprise Jiangbolong (301308.SZ) reached 8.833 billion yuan, accounting for 69.11% of current assets; The book value of inventory of Baiwei Storage (688525.SH) reached 3.577 billion yuan, accounting for 51.87% of its total assets; The book value of inventory of Demingli (001309.SZ) reached 3.38 billion yuan, accounting for 222.58% of the company’s net assets.

　　If the storage market does not continue to improve, these storage manufacturers with high inventory will face the risk of falling inventory.

　　In addition, a new round of capacity "competition" of the original head storage factory has also started. For example, the management of Micron Technology said in the financial report conference call from March to May, 2024: "We expect that the capital expenditure will increase substantially next year, and the capital expenditure in fiscal year 2025 will account for about 30% of the revenue, which will be used for the construction of HBM assembly and test equipment, fabs and back-end facilities, and technological transformation investment to cope with the growth of market demand. The company plans to build new fabs in Idaho and new york in fiscal year 2025, which will account for half or more of the expected total capital expenditure growth. "

　　In this regard, Yang Yiting said that in the short to medium term, the challenges faced by the storage market come from the pressure of capacity release from the supply side. As the original storage factory realizes profitability and begins capacity expansion, the overall capacity growth of the industry has reached a key node that cannot be ignored, and the game between the supply side and the supply side, and between the supply side and the demand side is intensifying.

　　She said: "In the second half of the year, the structural problems of supply and demand are more obvious, which is manifested in the more stable supply of server storage, while the supply of some consumer storage is growing too fast, which will make the supply side have to make a difficult choice between profit and share."

[Original Truck House] 2021 has passed, and in 2022, what policies will be implemented about the commercial vehicle industry and the livelihood of card friends? Below, we will give some key points to your card friends to take stock.

● 　Driving test reform will not be downgraded after 12 points.

The authority of the Ministry of Public Security issued the newly revised Regulations on Motor Vehicle Registration, Regulations on the Application and Use of Motor Vehicle Driving License and Measures for the Administration of Scoring for Road Traffic Safety Violations, all of which have changed greatly.

It is reported that the Regulations on the Application and Use of Motor Vehicle Driving License and the Measures for the Administration of Scoring for Road Traffic Safety Violations will be implemented from April 1, 2022, and the Regulations on Motor Vehicle Registration will be implemented from May 1, 2022. The C6 driver’s license that the industry pays attention to also made its debut.

Among the above laws and regulations, the most noteworthy one is "adjusting the full-mark study examination system".

Strictly remember the driver’s study and examination with 12 points for many times. For those who have recorded 12 points for many times in a scoring cycle, extend the study time, increase the learning content, increase the examination subjects, and strengthen the education and management of drivers who violate the law for many times.

In addition, if the traffic violation is minor and a warning is given, it will be exempted from scoring. Judging from the laws and regulations currently inquired, the scoring period is over 12 points, and it can be achieved through study and examination.

For the full text of relevant policies, please click:

Measures for the Administration of Scoring for Road Traffic Safety Violations

Provisions on the Application and Use of Motor Vehicle Driving License

● 　More than 280,000 vehicles are about to be eliminated, and they will be eliminated this autumn and winter.

A few days ago, 10 ministries and commissions including the Ministry of Ecology and Environment, the National Development and Reform Commission, and the governments of seven provinces (cities) including Beijing and Hebei jointly issued the Plan for Comprehensive Control of Air Pollution in Autumn and Winter of 2021-2022. From the plan, it was learned that before the end of 2021, all provinces and cities will eliminate the latest arrangement plan for the national third car.

According to the data collation, by the end of 2021, more than 278,000 vehicles will be eliminated.

Xiaobian is compiled into a table as follows:

● 　The Blue Brand New Deal is stepping up the preparation of a large-displacement transition period until the end of March next year.

Although the Ministry of Industry and Information Technology and the Ministry of Public Security publicly solicited the opinions of the Notice on Further Strengthening the Production and Registration Management of Light Trucks and Miniature Passenger Cars (draft for comments) on September 4th.

However, it is worth noting that in the draft for comments issued by the Ministry of Industry and Information Technology, it is required that "the light truck products that have been listed in the Announcement and have a displacement of more than 2.5 liters but meet other requirements of the Technical Specification should be given a production transition period until March 31, 2022. After the transition period expires, the production enterprises should immediately stop production, and the relevant institutions should immediately stop receiving relevant product certificate information."

This means that at present, car companies can still produce 2.5 liters of fuel, and the light truck products with 2.8 liters and 3 liters in production can still be produced and licensed normally as long as they meet the requirements of vehicle technical specifications, giving a certain transition period.

● 　Restricting the entry of five cars into the factory is a mandatory requirement of 60% in 2022.

Since 2021, many enterprises have issued notices, and since January 1, 2022, vehicles of National Five and below have been banned from entering steel mills.

As early as 2019, in the "Opinions on Promoting the Implementation of Ultra-low Emissions in the Steel Industry" jointly issued by the Ministry of Ecology and Environment, the second point and Article 3 clearly mentioned:

Iron concentrate, coal, coke and other bulk materials and products entering and leaving the iron and steel enterprises are transported by clean means such as railways, waterways, pipelines or tubular belt conveyors, and the proportion is not less than 80%; If not, the automobile transportation part should all adopt new energy vehicles or vehicles that meet the national six emission standards (vehicles that can adopt the national five emission standards before the end of 2021).

That is to say, from January 1, 2022, the transport vehicles entering and leaving the steel plant must be new energy vehicles or vehicles with the national six emission standards (vehicles under the national five (including) are prohibited from entering).

● 　All provinces and cities have responded to the unified national action.

A few days ago, the Traffic Management Bureau of the Ministry of Public Security has issued a notice to deploy a nationwide centralized and unified action to strictly control and strictly investigate outstanding illegal acts on highways. This centralized and unified action will last from the date of release to January 15, 2022.

For specific actions, please click: nationwide unified action to strictly investigate large trucks! Provinces and cities have responded.

● 　Subsidies will fall back by 30%. In 2022, new energy countries will make up for it.

A few days ago, the Ministry of Finance issued the Notice on the Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles in 2022. From January 1, 2022, the subsidy standard for new energy vehicles will be reduced by 30% on the basis of 2021; The subsidy standard for vehicles that meet the requirements in urban public transport, road passenger transport, rental (including online car rental), sanitation, urban logistics and distribution, postal express delivery, civil aviation airports and official fields of party and government organs will be reduced by 20% on the basis of 2021.

The specific subsidy scheme and amount are as follows:

● 　The three departments jointly issued a document, ETC arrears will be included in the credit information.

Recently, the General Office of the Ministry of Transport, the General Office of the People’s Bank of China, and the General Office of the Insurance Regulatory Commission of the Bank of China jointly issued the Notice on Further Improving the Services Related to the Issuance of Truck ETC, indicating that banks are supported to handle truck ETC credit cards, and ETC arrears will be included in the credit information.

Judging from the Notice issued by the three departments, it is required that:

1. Guide freight logistics enterprises, automobile sales enterprises and freight platform enterprises to provide guarantees for trucks to handle ETC.

2. Incorporate ETC arrears into the credit information system, and guide freight logistics enterprises and truck drivers to operate in good faith according to law.

3. Strictly implement the basic preferential policy of not less than 5% toll for ETC vehicles.

● 　16 ministries and commissions jointly issued nine measures to strengthen the protection of truck drivers’ rights and interests

The Ministry of Transport, together with the Ministry of Public Security, the Ministry of Human Resources and Social Security and the All-China Federation of Trade Unions, jointly issued the Opinions on Strengthening the Protection of the Rights and Interests of Truck Drivers.

In the Opinions, truck drivers focus on the troubles reflected by the majority of truck drivers, such as difficulty in parking and rest, inconvenient license handling, and low prices induced by the Internet platform. The truck drivers are worried about difficulties in passing through the city, stealing oil and goods, imperfect social security, unreasonable vehicle scrapping policies, and irregular road enforcement and unsmooth complaint reporting channels. The study puts forward nine key tasks.

For details, please click: Ministry of Communications: Nine Measures to Strengthen the Protection of the Rights and Interests of Truck Drivers.

● 　It is imperative to implement the new national standard for natural gas vehicles from July 2022.

China’s natural gas heavy commercial vehicles have developed rapidly in the past 10 years, and in 2020, the cumulative sales of natural gas reached 141,944 vehicles, up 22.3% year-on-year, setting a new record for the sales of gas heavy trucks.

It is reported that in Shaanxi, Shanxi, Ningxia, Inner Mongolia, Hebei and other regions, the closer the vehicle ownership is to 20%, some transportation markets have replaced diesel vehicles.

Natural gas heavy commercial vehicles have developed rapidly, so the old national standard is no longer applicable to the present. Therefore, it is imperative to revise GB/T 20734-2006 Installation Requirements for Special Devices for LNG Vehicles.

According to the documents issued by the Ministry of Industry and Information Technology, the Installation Requirements for Gas System of Gas Vehicles is applicable to gas vehicles that can use compressed natural gas/liquefied natural gas/liquefied petroleum gas as fuel, and other types of gas vehicles are implemented by reference.

● 　Release of the first five-year plan for eliminating non-standardized cold chain

A few days ago, the General Office of the State Council issued a notice agreeing to print and distribute the Development Plan of Cold Chain Logistics in the 14th Five-Year Plan, which also means that the first five-year plan in the field of cold chain logistics in China has been officially issued. This Plan focuses on the key areas and key links of cold chain logistics and makes detailed and thoughtful specification requirements, with the fundamental purpose of meeting the people’s growing needs for a better life.

As an important carrier of cold chain transportation, refrigerated trucks are mentioned in the Plan: strict market access conditions for refrigerated trucks, increasing the promotion of standardized models, unifying vehicle grade identification and configuration requirements, promoting the installation of temperature monitoring equipment that meets the standard requirements before leaving the factory, and accelerating the formation of refrigerated truck models and specification systems that meet different needs such as trunk line transportation, branch line transshipment, and urban distribution. Accelerate the development and manufacture of light and micro new energy refrigerated trucks and refrigerated containers, and actively promote new refrigerated trucks, railway refrigerated trucks and refrigerated containers.

Schematic diagram of network layout of "four horizontals and four verticals" national cold chain logistics backbone channel

For other contents of this plan, you can click: the first five-year plan of cold chain is released! Broad prospects for development

● 　Postscript

Of course, in addition to the above-mentioned policies that have great influence, there are also many other local policies in various places, such as restrictions, large vehicles turning right and stopping. You card friends can pay more attention to local specific trends according to your own long-distance running routes. (Text/Gao Li Min)

　　With the in-depth development of new technologies such as artificial intelligence, big data, cloud computing and blockchain, new network security challenges and risks are inevitably emerging. How to deal with the new challenges of network security in the digital age? Experts and scholars gave some suggestions and ideas at the Shanghai main forum of the 2023 National Cyber Security Publicity Week held today (11th).

　　Data security is very important to deal with the new risks of big model.

　　Chai Hongfeng, academician of China Academy of Engineering and dean of the Institute of Financial Science and Technology of Fudan University, made suggestions on the safety and ethical issues of financial data and vertical model. "Regulators should strengthen the review and risk assessment of financial macro models, and establish a review and testing mechanism for key people and systems to ensure their performance and security." He said that in order to ensure that the application of large-scale models in the financial field meets the requirements of laws and ethics, relevant policies and guidelines should be formulated through the cooperation between the government and Industry-University-Research; For the deployment and use of the financial macro-model, we need a mechanism to improve transparency, ensure data quality and interpretability, help users and regulators understand the decision-making basis of the model, and ensure that it is not biased or discriminatory.

　　"For the traditional general big model, people can establish small models in the industry field, and form data security assistants in the field of data security through various data labels, data types, logs, etc." Hu Shaoyong, co-founder of Shanghai Guanan Information Technology Co., Ltd. said that AIGC (Generative Artificial Intelligence) technology itself has the possibility of sensitive data and illegal application, so data security operation is very important.

　　Hu Shaoyong pointed out that in the process of data security governance, a direction that is being explored is data security experts or security assistants. In addition, the identification of data assets can be further improved by using large models, and many security companies have made attempts in this regard.

　　Network security is constantly changing and needs to be guarded by all sectors of society.

　　Huang Daoli, director and researcher of the Network Security Law Research Center of the Third Institute of the Ministry of Public Security, believes that the biggest challenge facing network security now is how to transform the institutional capacity into the actual governance capacity. "The characteristics of the law are stable, but the network security risks and the network security situation are constantly changing," she said, which requires the joint efforts of industry, operators, data processors and social third parties.

　　Xu Yu, deputy dean of the Innovation Research Institute of Shanghai Information Security Evaluation and Certification Center, pointed out from the perspective of urban data security that as the number of systems increases in scale and complexity, the exposure and vulnerability of data resources will increase. "Network security has changed from system and network as the core to data as the core." He said.

　　Song Haitao, dean of the Institute of Artificial Intelligence of Shanghai Jiaotong University, said that only by further embracing the power of science and technology, building a talent system in the process of all-factor industrial development, and strengthening the research and construction of ethics and governance system in network security can people’s lives and property be better protected.

　　Author: Zhang Tianchi

　　According to the unified deployment of the whole province, Shaoxing actively promoted the "health code" to smooth the flow of people. On February 15th, the "Shaoxing health code" was launched.

　　It is understood that "Shaoxing Health Code" is based on personal real data, and it generates personal QR codes through online declaration and background review. Citizens or people who have returned to work through online platforms such as "Zheli Office", "Alipay" and "Nailing" declare themselves, and generate personal health QR codes through background review. According to the green code, yellow code and red code, it is a electronic certificate that passes in and out of this city, so as to achieve "one-time declaration, dynamic management and management.

　　Citizens or people who have returned to work after rework can search for "Shaoxing Health Code" on the homepage of Alipay, and they can quickly log on to the network platform to declare themselves. After passing the examination, the "Shaoxing Health Code" will be generated.

　　"Shaoxing Health Code" implements three-color dynamic management of "red code, yellow code and green code": those who display the red code are sent to a designated hospital for treatment or 14 days of centralized and home hard isolation medical observation; If the yellow code is displayed, 14 days of home isolation medical observation will be carried out; If the green code is displayed, the personnel in Shaoxing and those who have returned to work for the record in enterprises will be allowed to release after their body temperature is normal. At the same time, according to the situation of epidemic prevention and control, the status of "Shaoxing Health Code" will be dynamically adjusted.

　　Zhejiang News+:

　　Shaoxing health code application operation manual

　　I. Application for entrance

　　1. Log on to Alipay and search for Shaoxing health code.

　　2. Alipay card package — Certificate folder — Health code.

　　3. Alipay — Urban service (locating relevant cities) — Shaoxing health code.

　　Note: The entry for viewing the applied health code is the same as the entry for application.

　　Second, the scope of application

　　People in Shaoxing and those who plan to enter and return to Shaoxing.

　　Three, health code operation instructions

　　1. Find the entrance:

　　Alipay homepage search Shaoxing health code.

　　2. Click "Open" and fill in the information for declaration (be sure to fill it in carefully, so as not to affect the declaration result).

　　3. Confirm the information for the second time. If there is no problem, you can confirm the submission.

　　4, generate the corresponding color health code (may need to wait)

　　5. After generating the health code, you can query it in Alipay Home-Card Package-Certificate-Health Code.

　　Ten questions about "health code":

　　1. Where is the application entrance for health code? Where can I check the applied health code?

　　Answer: The search box on Alipay homepage directly searches for "Shaoxing Health Code", and the applied "Health Code" can be viewed in the card package.

　　2. Can I fill in the wrong information of the health code again?

　　A: At present, there is only one opportunity to "reapply" for health codes. You can click the "reapply" button in the upper right corner of the health code to enter the application page again.

　　3. Can the health code be used in screenshots?

　　A: No. The health code status will be updated in real time according to the system judgment, so screenshot verification is not supported.

　　4. Can the elderly and children at home handle it? /Can you handle it on behalf of others?

　　A: At present, it is not supported to help others to do it.

　　5. Can Hong Kong, Macao and Taiwan or foreign users apply for health codes?

　　A: At present, Hong Kong, Macao and Taiwan and foreign users are supported to apply. Please fill in the relevant information according to the page prompts and apply.

　　6. Do you need to fill in "Health Report" in the green code?

　　A: No. The green code means that you meet the traffic conditions after comprehensive judgment by the system, and you don’t need to fill in "Health Report".

　　7. Does everyone need to apply for a health code?

　　A: No. People in Shaoxing and those who plan to enter Shaoxing can apply for "health code". During the epidemic prevention and control, the green code can be used as an electronic pass for work, study and life in Shaoxing. When it is necessary to show it in case of inspection, please cooperate with the staff of relevant departments to show it on their own initiative and cooperate with the inspection.

　　8. The health code applied for is red/yellow. What’s the impact?

　　A: According to the Law on the Prevention and Control of Infectious Diseases in People’s Republic of China (PRC), the Emergency Regulations for Public Health Emergencies and other relevant laws and regulations as well as provincial and municipal regulations on epidemic prevention, the "three codes" of green, yellow and red are generated after the background automatically checks and automatically converts the applicants. Personnel with yellow code and red code do not meet the traffic conditions temporarily, so corresponding isolation measures should be taken. The health code will be automatically converted into green code after meeting the conditions.

　　9. Why does the color of health code change?

　　Answer: The health code result obtained after submission is only the initial state judged by the system, and then the system will update it from time to time, and the color of the health code will change.

　　10. Can I apply for a health code in a different place?

　　A: Yes, you can apply both inside and outside the city, regardless of geographical restrictions.

　　It’s been a week since June 18, and when the June 18 war resumed, Juhua, which was fully restarted in March this year, became the biggest dark horse that suddenly emerged. The data shows that during the Tmall 618 period, the cost-effective year-on-year transaction growth reached 86.5%, and the year-on-year order growth was 106%.

　　According to Alibaba, poly-cost-effective led to one-third of Tmall 618 transactions. According to the special report released by the authoritative Internet information service provider Analysys International on June 20th, Tmall’s market share during the promotion period was more than twice that of JD.COM and Pinduoduo combined, and one company accounted for nearly two-thirds of the total market share.

　　Source: Analysys

　　The above picture shows the GMV comparison among different platforms very intuitively. The GMV of Taobao Tmall is 100, while that of JD.COM and Pinduoduo is 32.7 and 9.9 respectively. Poly-cost-effective leads to one-third of the transactions, which means that its index of leading transactions reaches 33, which is higher than that of JD.COM and Pinduoduo. More directly, a single gathering is cost-effective, and the turnover during Tmall 618 exceeded three Pinduoduo. In this year’s 618 War, the pattern of the sinking market has been rewritten. As an amoy department, Juhua rushed into the sinking market and gained a lot of advantages in the sinking market.

　　On June 25th, Alibaba "officially announced" the overall growth of Tmall 618. Jiang Fan, president of Tmall, revealed at the launch conference of Tmall flagship store version 2.0 that the physical GMV of Tmall 618 increased by 38.5% year-on-year, and the DAU (daily active user) of mobile phone Taobao also increased by 29% year-on-year during Tmall 618.

　　Caption: Jiang Fan, president of Tmall, was at the launch of version 2.0 of Tmall flagship store.

　　JD.COM did not disclose GMV figures, but the so-called "order amount". According to the figures published by JD.COM, the year-on-year growth of the order amount is only 26.5%, which is 12 percentage points lower than that of Tmall. As the largest e-commerce platform in the whole network, the growth rate of Tmall is also significantly ahead of competitors such as JD.COM. The ultra-high-speed growth of poly-cost-effective has further consolidated the dominant position of Amoy in the whole market.

　　The cost-effective "revival" has also injected important traffic growth into mobile phone Taobao. The year-on-year growth rate of DAU of Hand Amoy is 29%, which is the highest since 2017. It also shows that it is cost-effective to tap the incremental population mainly based on the following heavy market users. Data from traffic monitoring third-party organizations such as Aurora Big Data and Questmobile all show that during the period of 618, the number of DAU (Daily Active Users) of mobile phone Taobao was in an absolute leading position, far exceeding other competitors.

　　Win the sinking market

　　A prominent feature of 618 this year is that "sinking market" has become a battleground for military strategists. In March this year, the comprehensive and cost-effective restart profoundly changed the war situation of 618 this year. Jiang Fan revealed a figure that 49% of Tmall 618′ s purchase users came from the 4 th, 5 th and 6 th tier cities.

　　The research of Aurora Big Data shows that although the penetration rate of mobile phone Taobao in third-tier and below cities is slightly lower than that in first-and second-tier cities, it is still as high as 54.8%, which is significantly higher than that in Pinduoduo (39.5%) and JD.COM (22.3%). It is the only mainstream e-commerce software with a penetration rate of over 50% in third-tier and below cities. The DAU index of Taobao’s sinking market in the third line and below is more than twice that of Pinduoduo.

　　In fact, before the start of Tmall 618, Alibaba began to deploy troops to strengthen the cost-effectiveness. Although Juhua was once an independent business unit of Amoy Department, it was merged into Tmall at the end of 2016. At the beginning of this year, Juhua became independent from Tmall and became a unified marketing platform for Taobao and Tmall, namely the marketing platform business unit. It is also known as Daju Cost-effective business unit.

　　The new big gathering cost-effective covers the core marketing tools of Taobao, such as gathering cost-effective, rushing to buy, selling every day, etc. These business lines occupy almost half of the "half of the country" in the new edition of the hand-scouring six squares.

　　Amoy is one of the most important goals of this year’s 618 strategy, which is to maximize the enthusiasm of users in the sinking market. Alibaba’s "618" this year is "the biggest investment in history" comparable to double 11’s, and the breakthrough has chosen to gather cost-effectiveness. The biggest game of "Ten Million Explosive Groups" is to maximize the marketing explosive power of the poly-cost-effective sale model.

　　According to Alibaba, during Tmall 618, there were more than 180 million transactions and explosions, more than 4,700 million transactions and more than 4,200 items with sales exceeding 10,000 pieces, making it easy to achieve the small goal of "10 million explosion groups and 100 million explosion groups every day". The "Ten Million Explosive Groups" directly promoted the high growth of poly-cost-effective transaction volume. During the period of 618, the growth rate of poly-cost-effective transaction volume reached 89% year-on-year, and the number of users and purchases in third-and fifth-tier cities both increased by more than 100% year-on-year.

　　Jiang Fan said at yesterday’s press conference: "The reason why Juhua can make such progress in just a few months is because it has returned to the original intention of ten years ago, that is, helping consumers find the best-priced goods in the whole network and helping businesses get customers with the most efficient marketing."

　　The best tool for brand customers.

　　Poly cost-effective comprehensive restart, and further become the brand’s best customer acquisition tool. Before Tmall 618, Juhua clearly put forward the goal of "bringing 300 million new customers to the brand", which was finally successfully achieved.

　　This year, 128 brands of Tmall 618 were among the "Billion Club". More than 100 brands such as CPB, L ‘Oré al, Watsons, Dr. Chengye, Telunsu and Peak surpassed double 11 last year, and the sales performance of some brands reached 40 times that of double 11 last year. In this promotion, almost all the brands that became the "Billion Club" participated in the cost-effective activities.

　　As the "biggest investment in history", 618 strives to convey "affordable" mind to consumers. The original price of Dyson hair dryer is nearly 3000 yuan, and 88VIP discount is added to the poly-cost-effective subsidy coupon, and the hand is as low as 1854 yuan. The brand with the original price of 1499 is bigger than an air conditioner, and it will be subsidized after the direct drop, and the hand price is 859 yuan. On June 18 th, Juhua launched the iPhone XR 618 yuan spike, which was less than 10% off the original price, causing the whole network to snap up. The investment of real money has undoubtedly greatly strengthened the influence of poly-cost-effectiveness on the consumer side.

　　Tmall is the brand’s favorite new product release platform. During this year’s Tmall 618, 80% of the core brands released new products on Tmall. With Tmall’s powerful data and operational capabilities, brands can also aggregate consumer information, understand consumer preferences, conduct new product research and development, and create "explosive models".

　　How to make "explosive models" sell better? Tmall has a set of marketing methodology. In Jia Luo’s view, the sale model is a means to help brands reach new customers as quickly as possible. In fact, there is also a very strong demand for branded goods in the sinking market. Brand goods with high cost performance can also "suck powder" quickly once they reach the sinking market. The long-term accumulated ability of Juhua has played a role in this respect. Before Juhua regained its independence from Tmall, it brought considerable business opportunities to the Tmall brand. In 2018, 80% of the brands that participated in Juhua came from new buyers, and the ability of Juhua to "pull new" can be seen. After the further restart, it was cost-effective, and the killer weapon of "Laxin" was used to the extreme. On June 25, the average growth rate of 400 brands participating in the launch of Tmall flagship store was as high as 47% during Tmall 618.

　　Empowering industrial belt to create new supply

　　The data shows that Handamoy has always been the largest shopping APP with the highest penetration rate in China, with more than 700 million consumers on this platform, with rich and diverse needs. How to meet their more and more diverse preferences, Amoy needs to work hard on the supply side.

　　The breakthrough of Tao department selection is still a good deal. In addition to bringing new customers to traditional head brands, Juhua has set its sights on small and medium-sized businesses on the platform. Through their digital transformation, they can provide more high-quality and affordable products, which can meet the diverse needs of consumers and create more business growth for middle-aged businesses.

　　Poly-cost-effective phase of the industry with businesses. In this year’s Tmall 618, a large number of small and medium-sized brands have entered people’s sight through Taobao, such as Yage electric mosquito swatter, Miaoyou children’s socks, Yi Enbei wet wipes, plant protection paper products, Fupai electric toothbrush, and Caramella socks. Although they don’t have the star aura of international brands, they are favored by consumers with high quality and low price. The reason behind it is also very simple. They have entered a cost-effective industrial belt support plan.

　　As a big manufacturing country, China manufacturers have strong production capacity, forming various types of industrial belts such as digital accessories, electric toothbrushes, socks and paper towels. Many industrial belt manufacturers have long been OEM for well-known brands, but they lack their own brands. The daily sale of Juhua’s products fills the shortcomings of industrial belt merchants in operation, technology and brand ability, which can not only help them upgrade their products by digital means, but also solve the sales channels of their goods.

　　On the other hand, when these industries bring merchants to the front desk, many categories of consumption upgrades have successfully reached the sinking market for the first time. For example, the electric toothbrush, a typical "consumption upgrade" commodity, was sold in the sinking market during Tmall 618. Fupai, an electric toothbrush brand in Taizhou, Zhejiang Province, sold 14,051 pieces in one minute after the opening of 618, and sold 400,000 pieces in 16 hours. Juhua cost-effectively pushed the industrial belt merchants and successfully awakened the upgrading needs of consumers in the sinking market. The industrial belt merchants also successfully won 466 million orders during the period of 618.

　　Observing this year’s 618, the strong rise of poly-cost-effective is the most noteworthy phenomenon. To some extent, the battle of sinking market has been rewritten. Juhua Cost-effective, by its own efforts, has driven more transactions than the whole platform in JD.COM and Pinduoduo, which means that it has become the natural choice for users in the sinking market.

　　For consumers, the "cost-effective" mentality has been established, and strong consumer insight and price competitiveness have greatly enhanced the user stickiness of the cost-effective platform. On the other hand, poly-cost-effectiveness has also become the integration of "Alibaba’s commercial operating system", which can effectively empower different types of businesses. The top brands can get more new customers through poly-cost-effectiveness, and the middle-waist businesses can also realize their own product evolution and brand upgrade through poly-cost-effectiveness.

　　The key for Amoy Department to maintain its own competitiveness lies in creating new supply for consumers so as to meet their new demands. And poly-cost-effectiveness is the key link, and it has withstood the test in the 618 War.