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Trillions of Aerospace run out of a super unicorn

Original, Liu Bo, investment community

This is an epic journey to the sea of stars.

Author I Liu Bo

Report I Investment Community PEdaily

The future has arrived.

In December, the Central Economic Work Conference emphasized that next year will focus on promoting high-quality development and leading the construction of a modern industrial system with scientific and technological innovation. The conference pointed out that it is necessary to build a number of strategic emerging industries such as bio-manufacturing, commercial aerospace, and low-altitude economy, and open up new tracks for future industries such as quantum and life sciences.

As a strategic emerging industry, commercial aerospace is becoming increasingly important.

With MIIT’s disclosure, China will accelerate the development and innovation of 6G technology, and achieve commercial use around 2030. This also means that another new node of mobile communication is coming soon. In other words, 6G network will form a fully connected world of ground wireless and satellite communication integration. It is not difficult to find that satellites will play a key role in it, which also gives a number of commercial aerospace companies the opportunity to show their strength. Space-time Daoyu is the leader among them.

What is the origin of Spacetime Daoyu? Established in 2018, Spacetime Daoyu is a technology innovation enterprise under Geely Holding Group. After five years of completing the layout of the whole industrial chain covering satellite research and development, manufacturing, measurement and control, application, etc., Spacetime Daoyu has now become the first commercial aerospace enterprise in China to achieve a commercial closed loop, with a valuation of over 10 billion yuan, ranking among the top echelons of commercial aerospace unicorns.

There has always been a view in the VC/PE circle that the unknown space is the last new continent for mankind. In the words of investors, the Chinese who missed the "era of great navigation" must not miss the upcoming "era of great aerospace". This is a truly epic journey to the sea of stars.

After 10 years of preparation, commercial spaceflight has exploded

Charge out a super unicorn

Looking back at 2014, China’s commercial aerospace industry ushered in an important juncture –

The "Guiding Opinions on Innovating Investment and Financing Mechanisms in Key Areas to Encourage Social Investment" was issued, which clearly stated that "private capital should be encouraged to develop, launch and operate commercial remote sensing satellites, provide market-oriented and professional services; guide private capital to participate in the construction of satellite navigation ground application systems." Since then, China’s commercial aerospace has begun.

Then in 2018, Spacetime Daoyu was established. At that time, Spacetime Daoyu founder and CEO Wang Yang had anticipated that commercial aerospace would become a strategic emerging industry in the information age and an important driving force for the development of global technology and digital economy.

How is the quality of the Space-Time Daoyu team? According to reports, since 2000, there have been no more than 100 important satellite models in China, of which engineers from Space-Time Daoyu have participated in the completion of at least 50 satellites, and each person has complete experience in more than 5 national key satellite models.

But Wang Yang knows that a more important prerequisite than having a strong technical team is to choose the right direction and track. Looking at the commercial satellite industry chain, high thresholds, many links, and strong complexity are significant characteristics. Therefore, start-up companies focus on a certain sub-field, and few have the layout of the whole industry chain, until the emergence of space and time.

Space-Time Daoyu is positioned as a provider of aerospace information and communication infrastructure and application solutions, covering the entire industrial chain from satellite R & D, manufacturing to application. "To use a popular analogy, Huawei provides ground-based information and communication products (ICT), while Space-Time Daoyu provides space-based information and communication products (AICT), both of which are dedicated to technological innovation and commercial applications in the field of human information and communication."

The rapidly rising space-time universe has been recognized by the capital markets in just five years, and it is reported that the latest valuation has exceeded 10 billion yuan. There is no doubt that a commercial aerospace super unicorn is rushing all the way.

Look at the product early, look at the mass production in the long run

At present, satellite commercialization is entering the era of mass delivery.

Let’s take a look at a set of intuitive data – the Blue Book of China’s Aerospace Science and Technology Activities (2022) revealed that in 2022, China completed 64 launch missions and developed and launched 188 spacecraft. At present, there is still a big gap between the number of 2,067 spacecraft launched by the United States in the whole year.

At the same time, industry data show that 100,000 satellites are expected to be deployed in low-Earth orbit in the future, and China has 30,000-40,000 satellites. Under the influence of factors such as the timeliness limit of ITU frequency declaration, the continuous increase of domestic policy support, and the continuous decline in rocket launch costs and satellite manufacturing costs, the manufacturing and launch of low-orbit satellites in our country is expected to enter an "exponential" growth period in the next five years. However, there is still a gap of 90% in the annual production capacity of domestic micro-satellites. Obviously, satellite manufacturing has become a key link in the development of China’s satellite industry chain.

With the inclusion of satellite Internet in the "new infrastructure", satellite manufacturing has been forced to enter the "industrialization" stage. The traditional production model is difficult to meet the huge demand for capacity for rapid networking, and short-cycle, low-cost, and mass production have become the prerequisites for the industry to accelerate.

Spacetime Daoyu Satellite Super Factory Production Line

"Look at the product in the early stage, look at the mass production in the long run", this is a profound lesson left by the development path of new energy vehicles to the market. The reason is not difficult to understand: in the early days of a segment, the product concept and product positioning determine whether it can be successfully launched into the market, and when the product competition gradually intensifies, the mass production speed and mass production capacity determine whether it can solidly occupy the market.

In today’s era of intelligent travel with integrated heaven and earth, commercial satellites are no exception. The last word for success lies in mass production capabilities. However, it should be noted that commercial satellites still face multiple challenges in large-scale manufacturing, including complex technology, high cost, vertical integration of supply chains, and extremely high quality and reliability requirements.

Among them, the cost has become the first question in front of commercial aerospace companies. According to Morgan Stanley estimates, the manufacturing cost of Starlink satellites is 1 million US dollars/piece, and founder Musk has publicly disclosed that the cost of a single satellite can be reduced to 500,000 US dollars. In contrast, according to the Zhejiang Securities Research Report, the average cost of our country’s low-orbit communications satellites is about 30 million yuan, of which labor costs + manufacturing costs account for about 50%.

The "2022 China Commercial Aerospace Industry Investment Report" shows that since 2015, the number of domestic commercial aerospace enterprises that have been registered and effectively operated has reached 433. Obviously, if you want to break through, you have to master the word "cost", and low-cost satellite manufacturing is the top priority.

The key to low-cost and fast mass production lies in: first, modular design, improve versatility and reuse rate, and shorten the delivery cycle of satellites; second, industrial-grade component replacement and core component self-development can reduce satellite manufacturing costs and simplify the development process; third, flexible pulsation production, taking the production of automobiles as an example, flexible production lines can produce both small-size economy cars and large-size luxury cars. The same is true for flexible production satellites, which can enhance the batch production capacity of satellites.

At present, Spacetime Daoyu may be the industry’s breaker. Compared with OneWeb, which is located in the first echelon of the global commercial aerospace industry, it is learning from the Airbus Group’s aircraft production line and assembling production in an assembly line to reduce costs and increase efficiency. Relying on Geely, Spacetime Daoyu was born with automobile manufacturing genes and took the lead in building a satellite super factory. It is the world’s first satellite mass production factory that deeply integrates aerospace manufacturing and automobile manufacturing. Through satellite mass production and intelligent manufacturing, it can help the global constellation network quickly.

It is understood that the Spacetime Daoyu Satellite Super Factory draws on the large-scale mass production manufacturing models such as intelligence and automation in the automotive industry to realize the disruptive innovation of satellite mass production AIT. Through modular design, flexible production, intelligent manufacturing and other technologies, and the use of parallel production in assembly lines, the design and production cycle of satellites can be greatly reduced, while the manufacturing cost of satellites can be greatly reduced.

As a fruitful integration of engineering capabilities in the aerospace and automotive industries, the effect is equally obvious. At present, the factory has broken through the production capacity limit of traditional satellite manufacturing, and can achieve a satellite production cost reduction of about 45% per day, which helps the constellation rapid networking construction. At the same time, by adopting a flexible production method, the factory can flexibly meet the final assembly, integration and testing of satellites of different models and specifications such as communication, navigation, and remote sensing satellites, and meet the needs of different types of constellation rapid networking construction.

With its strong mass production and delivery capabilities, Spacetime Daoyu also successfully fired the first shot of "heaven". In April 2022, Spacetime Daoyu completed the development of the first orbital surface satellite of the low-orbit future travel constellation. And in June of that year, it was successfully launched into orbit with a single arrow of 9 stars at the Xichang Satellite Launch Center, becoming another milestone in the history of China’s commercial satellites.

It is reported that in addition to manufacturing satellites for the future travel constellation of Spacetime Daoyu, its satellite super factory is also providing satellite batch production and one-stop in-orbit delivery services for industry partners, helping to rapidly build China’s satellite constellation and accelerate the rapid development of the satellite industry chain.

Without a doubt, facing the challenge of global satellite large-scale manufacturing, Space-Time Daoyu has already broken the industry boundaries by fully borrowing from the mature mass manufacturing concept of automobiles, thus achieving cost reduction and efficiency increase, and promoting China’s satellite manufacturing into the era of industrialized large-scale production.

Here comes another trillion-dollar race track

As the upstream of the commercial aerospace industry chain, satellite manufacturing will benefit first, and the next stop will definitely return to the "commercial" essence.

According to iiMedia consulting data, since 2015, China’s commercial aerospace market has grown rapidly, with an annual growth rate of more than 20% from 2017 to 2024. At the same time, according to Tabor Think Tank, the size of China’s commercial aerospace market will reach 2.80 trillion yuan by 2025. How can start-up companies get a share of the pie?

As we all know, commercial aerospace is a hard technology. In order to survive and develop, it is necessary to break the tradition and achieve disruptive innovation. And innovation is not only technology, but also business models and mechanisms. Therefore, in addition to building business systems based on satellite constellations, there is a need for practical commercial scenarios, which must be enough to cover the huge constellation construction costs.

More generally, for commercial aerospace, if technology is the foundation, then the construction of the industrial chain and the construction of the business ecosystem are the driving force for the development of the industry. Only when technology and business "walk on two legs" can enterprises go further.

Wang Yang has previously mentioned that the market-oriented mechanism has put forward higher requirements for private commercial aerospace, not only to achieve technological innovation, but also to make aerospace technology serve human production and life, and promote the economic development of human society. "Policies, market demand and other favorable factors are promoting our country’s commercial aerospace from manufacturing-driven to an era of comprehensive application traction."

Looking back at the history of commercial aerospace development, there are many losers. For example, Motorola’s Iridium plan, which lacks a correct judgment of the development potential of mobile communications, has suffered bankruptcy. In addition to Iridium, OneWeb also filed for bankruptcy in 2020 due to the impact of the epidemic on the normal operation of the company, unable to obtain financing. The reason is that due to the lack of large-scale commercial application scenarios, it is difficult to support its huge constellation construction and operating costs.

Because of this, what the Spacetime Daoyu team is doing is a commercial practice, not a scientific engineering experiment. What they want to do is to make the application of aerospace technology more simple and friendly, adapt to user requests, and make products more affordable. To be more straightforward, it is affordable for everyone. To this end, Spacetime Daoyu has made great efforts in satellite applications and has become the first commercial aerospace enterprise in China to achieve commercial closed-loop.

Among the many application scenarios, mobile phone satellite communication is detonating the industry trend. In recent years, Huawei and Apple have launched mobile phones with satellite communication functions. The reason why these consumer products can directly connect to satellites is to conform to the upcoming 6G era. 6G will have a new application scenario of "ubiquitous connection", and satellites will enable mobile communication to truly realize all-terrain and all-space three-dimensional coverage connection. CCTV previously reported that according to incomplete statistics, as of September 2023, the size of our country’s satellite communication market is around 80 billion yuan.

Space-time Dao Yu has also been forward-looking layout.

With its excellent satellite mass manufacturing capabilities, Space-Time Daoyu will have the ability to form network constellations faster than other commercial aerospace companies. They are building the world’s first low-orbit future travel constellation to serve the future travel ecosystem by deploying the whole orbit, and it is the world’s first commercial communication, navigation and remote sensing integrated constellation. The first orbit has been deployed, and nine satellites have been in orbit for more than one year. It plans to launch 02 sets of satellites in the constellation in early 2024 to complete the deployment of the second orbital plane. In 2025, the launch and deployment of 72 satellites in the first phase of the constellation will be completed, providing satellite application services for global users.

In addition, the "Space-Time Daoyu – Peking University Advanced Communication Joint Laboratory" was jointly established with Peking University, and the two sides are committed to conquering the core technology in the future communication field – while the same-frequency full-duplex communication technology. The satellite network is an important part of the future 6G. The two sides will jointly develop full-duplex communication low-orbit satellites, promote the on-orbit verification of this technology, synchronously promote the formulation of industry standards, and accelerate the implementation of industrial applications.

Of course, in the era of intelligent travel with the integration of heaven and earth, the car is the scene that cannot be ignored the most. Space-time Daoyu also gave a bright transcript – it is the first domestic aerospace product to achieve the standard R & D and mass production of vehicles, and the first commercial aerospace company to realize the large-scale application of vehicle satellite communication and high-precision positioning at the same time.

Specifically, Space-Time Daoyu innovatively introduced satellite communication services into new energy mass-produced vehicles, and launched the world’s first mass-produced satellite communication passenger car in conjunction with Polar Krypton to provide two-way satellite messaging and satellite call services. Its satellite-based high-precision positioning service (PPP-RTK) also achieved the world’s first large-scale on-board. During the Hangzhou Asian Games, Space-Time Daoyu provided high-precision positioning, satellite communication, and remote sensing technical support. By equipping nearly 2,000 officially designated vehicles for the Asian Games with Space-Time Daoyu high-precision positioning products and services, it realized accurate vehicle management and scheduling, and the cumulative guarantee mileage exceeded 2.02 million kilometers.

For the space-time universe that aspires to space, the pace of exploration cannot be stopped. Looking to the future, commercial aerospace is a global industry, so domestic commercial aerospace enterprises must take the initiative to go out and improve their international competitiveness. Only in this way can we promote the globalization of China’s commercial aerospace industry.

In fact, many commercial space companies and even countries around the world do not have the ability to independently build satellite constellations and carry out satellite internet services. Therefore, if Chinese commercial space companies can actively expand overseas business by building their own constellations, they will inevitably achieve new business growth.

It will not only provide satellite application data services for SCO countries and countries along the "Belt and Road Initiative", but also cooperate with Malaysian telecom operator Altel to promote high-tech research and development and system application, accelerate the implementation of solutions in smart ports, smart agriculture and other fields, and promote the globalization of satellite applications.

From building its own constellation and ground systems, to mass manufacturing of satellites, large-scale application of satellites, and rapid expansion of overseas markets. The purpose of Space-Time Daoyu is to close the loop of commercial applications in the aerospace industry, from completing the layout of the entire industrial chain to having continuous self-hematopoietic capabilities.

Today, Spacetime Daoyu has formed a R & D system with Shanghai Research Institute as the core and R & D centers in Nanjing, Xi’an and Wuhan as the support; has two business operation headquarters in Guangzhou and Qingdao; established business centers in Beijing and New York; established a satellite super factory in Taizhou, Zhejiang as a satellite manufacturing base; and laid out a global constellation measurement and operation control network. At the same time, we have implemented the global "Belt and Road Initiative" strategy and continued to promote the business implementation of "Belt and Road Initiative" countries and regions such as the Middle East and South East Asia.

Write at the end

Konstantin Tsiolkovsky, the Soviet rocket pioneer, once said: "The earth is the cradle of mankind, but mankind cannot be bound to the cradle forever, but will constantly explore new celestial bodies and spaces, and will begin to carefully penetrate the atmosphere and then conquer the solar system."

Looking back at history, in 1957, the world’s first man-made earth satellite was successfully launched, marking the official start of the human space age; and then in 1970, our country’s first satellite "Dongfanghong No. 1" was launched, playing music in space, and creating countless people’s indelible memories; today, a group of new space blood, like space and time, are still embarking on an unknown journey in the vast universe.

As Wang Yang, CEO of Spacetime Daoyu, said, "Aerospace is the most romantic industry, and it carries the dream of human beings to explore the universe."

The original title: "Trillion Aerospace Runs Out of a Super Unicorn"

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The top 10 intellectual property cases and 50 typical intellectual property cases in Chinese courts in 2023

　　The General Secretary of the Supreme Leader emphasized that "one case is worth a dozen documents," vividly and profoundly explaining the important demonstration and guiding functions of cases. The 10 major intellectual property cases and 50 typical intellectual property cases released by Chinese courts in 2023 on April 22 cover intellectual property types such as patents, trademarks, copyrights, new plant varieties, anti-unfair competition and monopolies. They involve key core technological innovation, well-known brands at home and abroad, digital economy, seed industry and many other key areas and industries in the new era. They reflect the following characteristics of judicial protection:
　　First, the people’s court grasps the theme of high-quality development, strictly protects scientific and technological innovation achievements, and serves the development of new-quality productive forces.To protect intellectual property rights is to protect innovation, and the people’s courts will step up their efforts to protect innovation and creativity with the power of the rule of law."Danyu No. 405" Infringement Case of New Varieties of Corn Plants,For enterprises that have repeatedly committed deck infringement, repeated infringement, and intentional infringement, punitive compensation shall be applied in accordance with the law, effectively enhancing the confidence of agricultural researchers."Lentinan" Infringement of Technical SecretsThis paper explores the identification of the technical secrets of traditional authentic medicinal materials and the compensation for the illegal use of technical secrets, which has positive significance for the integrity and innovation of traditional Chinese medicine.
　　The second is to actively respond to social concerns and effectively safeguard the legitimate rights and interests of the people.Involved in the "juvenile model" unfair competition dispute case,Responding to society’s concerns about the protection of adolescents, guiding network service providers to consciously fulfill their network obligations and social responsibilities to protect minors."Basic Funeral Services" Refusal to Trade Dispute CaseThe abuse of market dominance by public enterprises in the funeral industry shall be stopped in accordance with the law, and the interests of the people and small and medium-sized enterprises shall be effectively safeguarded.
　　The third is to explore the adjudication rules in new technologies, new business models, and new fields to serve the new economic drivers.Scientific and technological innovation has spawned new industries, new models, and new driving forces, constantly challenging the existing rules of social life. The people’s courts are facing the dual test of new technologies and new thinking in their trial work. The cases announced this year involve new issues such as copyright protection of navigation electronic map data, illegal data capture, and the prevention of transaction and resale. The people’s courts actively explore adjudication rules, clarify the boundaries of rights and interests protection, and serve the digital economy.
　　Fourth, we should strengthen equal protection and actively create a market-oriented, rule-of-law, and international business environment.exist"Siemens" trademark infringement and unfair competition case, "Michelin" trademark infringement case, "Lafite" trademark infringement and unfair competition caseThe people’s courts shall equally protect the legitimate rights and interests of Chinese and foreign parties in accordance with the law, vigorously crack down on the behavior of free-riding near famous brands, safeguard the legitimate rights and interests of foreign rights holders in accordance with the law, and promptly respond to foreign investors’ concerns about intellectual property protection.
　　The fifth is to strengthen coordination, strengthen the protection of the entire chain of intellectual property rights, and build a comprehensive protection work pattern.Intellectual property protection is a systematic project that covers a wide range of fields and involves many aspects, from review and authorization, administrative law enforcement, judicial protection to arbitration and mediation, industry self-discipline, and citizen integrity. This requires continuous improvement of the protection system, strengthening coordination and cooperation, and building a large protection pattern. Among the cases released this year, there are both cases of administrative and judicial connection, as well as cases of legal inspection cooperation.Administrative dispute involving invalidation of "facial recognition" invention patentIt clarifies the requirements for the scope, method and purpose of modification of claims in the administrative procedure of patent invalidation, and promotes the unification of administrative law enforcement standards and judicial judgment standards.Judicial punishment case involving malicious litigation of "Changgao Dianxin" trademarkIn addition to punishing the abuse of intellectual property rights in accordance with the law, the people’s courts also transfer the clues of the parties’ suspected abuse of intellectual property rights to the people’s procuratorate, and actively promote the people’s procuratorate to exercise its supervisory functions and make procuratorial suggestions in accordance with the law.
　　In the next step, the people’s courts will adhere to the Supreme Leader’s thought on socialism with Chinese characteristics for a new era as a guide, continue to deeply practice the Supreme Leader’s thought on the rule of law, focus on fairness and efficiency, and continuously improve the quality and efficiency of intellectual property trials in the new era.

The top 10 intellectual property cases in Chinese courts in 2023

　　1. A dispute over trademark infringement and unfair competition between Ximou Joint Stock Company, Ximou (China) Co., Ltd. and Ningbo Qimou Electric Appliance Co., Ltd. [Supreme People’s Court (2022) Supreme Court Civil Court verdict No. 312]
　　Second, the case of infringement of trademark rights and unfair competition between a winery and Nanjing Jinmou Wine Industry Co., Ltd. [Supreme People’s Court (2022) Supreme Court Civil Court verdict No. 313]
　　Administrative dispute case between Beijing Zhongmou Technology Co., Ltd. and the State Intellectual Property Office and Pingmou Computer Trading (Shanghai) Company for invalid invention patent rights [Supreme People’s Court (2021) Supreme Law Zhixing End No. 556 administrative court verdict]
　　IV. Liaoning Danzhiye Technology joint stock company and Linghai Agricultural Technology Co., Ltd., Qingdao Lian Agricultural Technology Development Co., Ltd. Infringement of new plant variety rights dispute case [Supreme People’s Court (2022) Supreme Court Zhiminzhuan No. 2907 civil court verdict]
　　V. Beijing Simou Technology joint stock company and Beijing Baimou Technology Co., Ltd. and other copyright infringement and unfair competition disputes [Beijing Higher People’s Court (2021) Jingmin End No. 421 civil court verdict]
　　Six, Beijing Micro Network Technology Co., Ltd. and Guangzhou Jianmou Information Technology Co., Ltd. and other unfair competition disputes [Guangdong Higher People’s Court (2022) Yueminjian No. 4541 civil court verdict]
　　Case of copyright infringement by Liu Mousheng and Liu Mousheng [Shanghai Third Intermediate People’s Court (2023) Shanghai 03 Xingchu No. 23 criminal court verdict]
　　Eight, Nanjing Hanmou Pharmaceutical Technology Co., Ltd. and Dimou Pharmaceutical (Jiangsu) Co., Ltd. infringement of technical secrets dispute case [Nanjing Intermediate People’s Court of Jiangsu Province (2019) Su 01 Minchu No. 3444 civil court verdict]
　　Case of unfair competition dispute between Xiaomou Technology Co., Ltd. and Chen and Shenzhen Yunmou Technology Co., Ltd. [Civil court verdict of Wenzhou Intermediate People’s Court of Zhejiang Province (2023) Zhejiang 03 Minchu No. 423]
　　Ten, Shenzhen Tengmou Computer System Co., Ltd., Tengmou Technology (Shenzhen) Co., Ltd. and Beijing Aimou Technology Co., Ltd. Unfair competition dispute case [Tianjin Free Trade Zone People’s Court (2022) Jin 0319 Minchu No. 23977 civil court verdict]

50 Typical Intellectual Property Cases in Chinese Courts in 2023

　　Intellectual property civil cases
　　(1) Patent ownership, patent infringement, and confirmation of whether it falls within the scope of patent protection
　　1. Zhejiang Jimou Holding Group Co., Ltd. and Weimou Intelligent Travel Technology (Shanghai) joint stock company and other patent application rights dispute case [Supreme People’s Court (2022) Supreme Court Zhimin Zhimin Zhuan No. 2436 civil court verdict]
　　2. Beijing Jinmou Security Software Co., Ltd. and Shanghai Mengmou Network Technology Co., Ltd. Infringement of design patent dispute case [Shanghai Higher People’s Court (2022) Shanghai Minzhuan No. 281 civil court verdict]
　　3. Sichuan Huamou Lighting Technology joint stock company and Yangzhou Yumou Optoelectronic Technology Co., Ltd. Infringement of design patent dispute case [Tibet Autonomous Region Higher People’s Court (2023) Zangzhi Minzhi No. 1 civil court verdict]
　　4. Jiangsu Jiu high-tech joint stock company and Qidi Qingmou (Shanghai) New Material Technology Co., Ltd. Infringement patent dispute case [Qinghai Province Xining City Intermediate People’s Court (2023) Qing01 Zhiminchu No. 15 civil court verdict]
　　5. A dispute case between Yanmou Pharmaceutical Co., Ltd. and Shimou Group Oumou Pharmaceutical Co., Ltd. to confirm whether it falls within the scope of patent protection [Supreme People’s Court (2023) Supreme Court Zhimin End No. 4 civil court verdict]
　　(2) Cases of trademark infringement disputes
　　1. Shanghai Bimou Cosmetics Co., Ltd. and Suzhou Shimou Biological Daily Chemical Co., Ltd. and other trademark infringement disputes [Supreme People’s Court (2022) Supreme Court Civil court verdict No. 238]
　　2. Dispute over trademark infringement between Namou Co., Ltd. and a shopping store in Shunping County [Supreme People’s Court (2022) Supreme People’s Court Civil Court verdict No. 277]
　　3. Panmou Door Industry Co., Ltd. and Sichuan Xinmou Door Industry Co., Ltd. and other trademark infringement and unfair competition disputes [Supreme People’s Court (2022) Supreme Court Civil Court verdict No. 209]
　　4. Mimou Group Headquarters and Shanghai Mimou Catering Management Co., Ltd. and other disputes over trademark infringement and unfair competition [Hubei Higher People’s Court (2022) Erzhimin End No. 190 civil court verdict]
　　5. Dispute over trademark infringement by Limou Co., Ltd., Simou Sporting Goods (China) Co., Ltd. and Nanchang Weimou Industrial Co., Ltd. [Jiangxi Higher People’s Court (2022) Gan Minzhuan No. 127 civil court verdict]
　　6. Bai a joint stock company and a (Tianjin) petrochemical joint stock company infringement of trademark rights and unfair competition dispute case [Tianjin Higher People’s Court (2023) Jinminzhuan No. 314 civil court verdict]
　　7. Beijing Kuaimou Technology Co., Ltd. and Guizhou Kuaimou Moving Co., Ltd. Infringement of trademark rights and unfair competition dispute case [Guizhou Higher People’s Court (2023) Qianminzhuan No. 261 civil court verdict]
　　8. Beimou Technology Co., Ltd. and Fucheng Bo Real Estate Intermediary Service Co., Ltd. and other trademark infringement disputes [Hebei Province Hengshui City Intermediate People’s Court (2023) Ji 11 Minzhuan No. 2075 civil court verdict]
　　9. Binzhou Zhanmou winter jujube brand management joint stock company and Lingwu Fumou jujube industry professional cooperative and other trademark infringement and unfair competition dispute case [Ningxia Hui Autonomous Region Yinchuan City Intermediate People’s Court (2023) Ning 01 Zhiminzhuan No. 8 civil court verdict]
　　(3) Cases of disputes over copyright ownership, copyright infringement, and confirmation of non-infringement of copyright
　　1. Yunnan Yangmou Information Technology Development Co., Ltd. and Yunmou (Beijing) Catering Management Co., Ltd. and other copyright infringement and unfair competition disputes [Beijing Higher People’s Court (2023) Jingmin Shen No. 215 Civil Ruling]
　　2. Gong Mouping and a research institute, Yang Mouming copyright infringement dispute case [Shandong Higher People’s Court (2022) Lu Minzhuan No. 2685 civil court verdict]
　　3. Wang Mouyu and Hainan Chain Technology Co., Ltd. infringed on the right to disseminate information online [Sichuan Higher People’s Court (2023) Chuanzhimin End No. 253 civil court verdict]
　　4. Su Sports Culture Media (Beijing) Co., Ltd. and Ai TV Media (Beijing) Co., Ltd. and a joint stock company of China Electric Heilongjiang Branch infringed on the right of information network dissemination of works [Heilongjiang Higher People’s Court (2023) Heiminzhuan No. 528 civil court verdict]
　　5. Heqing Yang Yinlou Co., Ltd. and Heqing County Eight Original Handmade Silver Store Copyright Ownership and Infringement Dispute Case [Yunnan Higher People’s Court (2022) Yunminzhuan No. 2088 civil court verdict]
　　6. Xinjiang Bimouya Electronic Technology Co., Ltd. and Xinjiang Shenmou Cloud Computing Co., Ltd. infringed on the right to disseminate information on the work network dispute case [Xinjiang Uygur Autonomous Region Higher People’s Court (2023) Xinminzhuan No. 127 civil court verdict]
　　7. Li Moufan, Da’an Yumou Grain Trading Co., Ltd. and Qianguo County Xumou Rice Industry Co., Ltd. and other copyright infringement and unfair competition disputes [Jilin Provincial Higher People’s Court (2023) Ji Minzhuan No. 127 civil court verdict]
　　8. A system joint stock company and a special automobile technology joint stock company infringement of computer software copyright dispute case [Beijing Intellectual Property Court (2021) Beijing 73 Minchu No. 345 civil court verdict]
　　9. Beijing Hongmou Technology Development Co., Ltd. and a general merchandise store in Haikou Longhua and Shanghai Xunmou Information Technology Co., Ltd. infringed on the right to distribute works [Hainan Free Trade Port Intellectual Property Court (2021) Qiong 73 Civil court verdict No. 28 in the early days of the People’s Republic of China]
　　10. Zhejiang Shengmou Network Technology Co., Ltd. and Co., Ltd. confirmed the dispute over non-infringement of copyright [Hangzhou Internet Court (2021) Zhejiang 0192 Minchu No. 10369 civil court verdict, Hangzhou Intermediate People’s Court of Zhejiang Province (2023) Zhejiang 01 Minzhan No. 453 civil court verdict]
　　(4) Cases of unfair competition and monopoly disputes
　　1. Shengmou Chemical Technology Co., Ltd. and Chen Mougang, Yuncheng Jinmou Chemical Technology Co., Ltd. infringement of technical secrets dispute case [Supreme People’s Court (2022) Supreme Court Zhimin End No. 816 civil court verdict]
　　2. Hubei Huimou Science and Technology Development Co., Ltd. and Zhang Mouyang, Hubei Zhimou Chemical Technology joint stock company infringement of technical secrets dispute case [Hubei Province Wuhan City Intermediate People’s Court (2021) Hubei 01 Zhiminchu No. 334 civil court verdict]
　　3. China Pingmou Life Insurance joint stock company and Linyi City Lanshan District Yunmou advertising design studio commercial slander dispute case [Supreme People’s Court (2022) Supreme Court civil court verdict No. 75]
　　4. Unfair competition dispute case between an association in Tangshan City and an e-commerce company in Changsha Shun [Supreme People’s Court (2022) Supreme Court Civil court verdict No. 76]
　　5. Shenzhen Quanmou Technology Co., Ltd. and Mingmou (Guangzhou) Co., Ltd. and other unauthorized use of goods with the same or similar decoration that have a certain impact on others [Shandong Higher People’s Court (2023) Lu Minzhuan No. 1035 civil court verdict]
　　6. Tengmou Technology (Chengdu) Co., Ltd., Shenzhen Tengmou Computer System Co., Ltd. and Jiangsu Aimou Network Technology Co., Ltd. Unfair competition dispute case [Jiangsu Higher People’s Court (2023) Su Minzhuan No. 280 civil court verdict]
　　7. Unfair competition dispute case between a certain information technology (Shanghai) Co., Ltd. and Xiamen Gumou Technology Co., Ltd. [Fujian Higher People’s Court (2022) Minminzhan No. 1871 civil court verdict]
　　8. Nanjing Yuanmou Information Technology Co., Ltd. and Xi’an Yuanmou Technology Co., Ltd. and Xi’an Remou Technology Co., Ltd. unfair competition dispute case [Shaanxi Higher People’s Court (2022) Shaanxi Zhimin End No. 139 civil court verdict]
　　9. Guilin Lingmou Software Co., Ltd. and Xiaomou Communication Technology Co., Ltd. and Beijing Xiaomou Mobile Software Co., Ltd. unfair competition dispute case [Guangxi Zhuang Autonomous Region Higher People’s Court (2023) Guiminzhuan No. 196 civil court verdict]
　　10. Unfair competition dispute case between Shenzhen Mayor’s Enterprise Management Consulting Co., Ltd. and Beijing Tianmou Technology Co., Ltd. [Civil court verdict of Shenzhen Intermediate People’s Court (2023) Guangdong 03 Minzhi No. 4897]
　　11. A dispute case between Guomou Technology Holdings Co., Ltd. and Guomou (Dalian) Co., Ltd. in which the unauthorized use of others has a certain impact on the enterprise name [Liaoning Province Dalian Intermediate People’s Court (2023) Liaoning 02 Minzhuan No. 6496 civil court verdict]
　　12. Beijing Baimou Technology Co., Ltd. and Guangzhou Damou Brand Planning Co., Ltd. and Jinan Shengmou Network Technology Co., Ltd. unfair competition dispute case [Chongqing First Intermediate People’s Court (2022) Yu 01 Minchu No. 3538 civil court verdict]
　　13. Unfair competition dispute case between Beijing A Yi Technology Co., Ltd., Hunan A Yi Culture Technology Co., Ltd., and Hangzhou Qun A Technology Co., Ltd. [Civil court verdict No. 2875, Xiang0105 Minchu, Kaifu District People’s Court, Changsha City, Hunan Province (2023) ]
　　14. Quanzhou Licheng Li Funeral Service Co., Ltd. and Quanzhou Ji Funeral Service Co., Ltd. refused to trade dispute case [Supreme People’s Court (2021) Supreme People’s Court Zhimin Final No. 242 civil court verdict]
　　15. Ningbo Tongmou Materials Co., Ltd. and Japan Corporation Abuse of Market Dominance Dispute Case [Supreme People’s Court (2021) Supreme People’s Court Zhimin End No. 1398 civil court verdict]
　　(5) New plant varieties, technical contract disputes, and judicial punishment cases
　　1. Anhui quan a high-tech seed industry joint stock company and Yuan agricultural high-tech joint stock company and other disputes over infringement of new plant variety rights [Anhui Provincial Higher People’s Court (2022) Anhui Minchu No. 2 Civil Ruling]
　　2. Dispute over infringement of new plant variety rights between a research institute in Zhengzhou and Chen Mouqun [Civil court verdict No. 865, Zhiminchu, Henan Province, Zhengzhou Intermediate People’s Court (2023) ]
　　3. Dispute over infringement of new plant variety rights between Dunhuang A Good Species Co., Ltd., Ulanhot Fengzhiye Co., Ltd., and Hao Moujun [Civil court verdict No. 18, 01 Zhiminchu, Hohhot Intermediate People’s Court, Inner Mongolia Autonomous Region (2023) ]
　　4. Dispute case of infringement of new plant variety rights by Shandong seed industry limited company and big seed industry joint stock company [Lanzhou Intermediate People’s Court of Gansu Province (2021) Gan 01 Zhiminchu No. 51 civil court verdict]
　　5. Wujiaqu City, a new energy technology Co., Ltd. and Luoyang Di Chemical Engineering Technology Co., Ltd. technical service contract dispute case [Xinjiang Production and Construction Corps Sixth Division Intermediate People’s Court (2023) Bing 06 Minchu No. 4 civil court verdict]
　　6. Monkey Digital Technology Co., Ltd., Changmou International Trade Co., Ltd., and Changmou Technology Co., Ltd. Judicial Punishment Case for Infringement of Trademark Rights and Unfair Competition Disputes [Decision No. 4 of Xiang01 Division, Intermediate People’s Court of Changsha City, Hunan Province (2023) ]
　　II. Intellectual property administrative cases
　　1. Hangzhou Yuanmou medical apparatus Co., Ltd. and the State Intellectual Property Office, Hangzhou Zhuomou medical technology Co., Ltd. invalid utility model patent administrative dispute case [Supreme People’s Court (2022) Supreme Law Zhixing End No. 132 administrative court verdict]
　　2. Shanghai Zhanmou Intelligent Technology Co., Ltd. and Shanghai Minhang District Market Supervision and Administration Bureau, Shanghai Minhang District People’s Government Fines and Administrative Reconsideration Case [Shanghai Minhang District People’s Court (2022) Shanghai 0112 Xingchu No. 506 Administrative court verdict]
　　III. Intellectual property criminal cases
　　1. Su Mouqi’s Criminal Case of Copyright Infringement [Criminal Ruling No. 422 of the Intermediate People’s Court of Shenzhen City, Guangdong Province (2023) ]
　　2. The crime of counterfeiting registered trademarks by Deng Mouguang and Yan Moujiao and the crime of selling counterfeit registered trademarks by Xiao Moucheng, Liu Mouxia and Zhang Mouyan [Shaanxi Province Xi’an Intermediate People’s Court (2022) Shaanxi 01 Zhixingchu No. 6 criminal court verdict]
　　3. Hao Mouzhen’s crime of copyright infringement [Criminal court verdict No. 116, Xingchu, Jin 0106, People’s Court of Yingze District, Taiyuan City, Shanxi Province]

Brief Introduction to the Top 10 Intellectual Property Cases in Chinese Courts in 2023

　　I. Case involving "Siemens" trademark infringement and unfair competition
　　Case of trademark infringement and unfair competition dispute between Ximou Joint Stock Company, Ximou (China) Co., Ltd. and Ningbo Qimou Electric Appliance Co., Ltd. [Supreme People’s Court (2022) Supreme Court Civil Court verdict No. 312]
　　[Case summary] Ximou Co., Ltd. and Ximou (China) Co., Ltd. (hereinafter collectively referred to as Ximou Company) are the rights holders of the registered trademarks of "Siemens" and "SIEMENS". The two trademarks are registered on washing machines and other goods. After long-term use and vigorous promotion by Ximou Company, they have already gained a high reputation. Ningbo Qimou Electric Appliance Co., Ltd. and other "Shanghai Siemens Electric Appliance Co., Ltd." names to be registered overseas are widely used as commercial logos in the washing machine products, product outer packaging and related publicity activities it produces and sells. Ximou Company believes that Ningbo Qimou Electric Appliance Co., Ltd. infringes its exclusive right to use its registered trademark and constitutes unfair competition, so it sued the court. The court of first instance held that the alleged infringement of Ningbo Qimou Electric Appliance Co., Ltd. did not constitute trademark infringement, but constituted unfair competition, and ruled that Ningbo Qimou Electric Appliance Co., Ltd. immediately stopped the infringement and compensated 100 million yuan for economic losses and 163,000 yuan for reasonable expenses. Ningbo Qimou Electric Appliance Co., Ltd. refused to accept it and filed an appeal. The Supreme People’s Court held that Ningbo Qimou Electric Appliance Co., Ltd. knowingly knew the popularity of the "Siemens" and "SIEMENS" trademarks, and deliberately used "Shanghai Siemens Electric Appliance Co., Ltd. on washing machine products, causing confusion and misunderstanding among consumers, which constituted trademark infringement; the use of the logo in product packaging and publicity activities also constitutes unfair competition, and should be liable for compensation. Regarding the amount of compensation, although the existing evidence is difficult to determine the actual loss of Ximou Company or the infringement profit of Ningbo Qimou Electric Co., Ltd., it is sufficient to determine that the infringement profit of Ningbo Qimou Electric Co., Ltd. has obviously exceeded the maximum limit of statutory compensation of 5 million yuan. In this case, considering that Ningbo Qimou Electric Co., Ltd. refused to provide financial information related to the infringement, which constituted evidence obstruction, the court of first instance referred to the data in the media report that the total annual sales of Ningbo Qimou Electric Co., Ltd. was 1.50 billion yuan, and based on the relevant facts of the case, calculated the sales proportion of the accused infringing products according to one-fifteenth, and then determined that it was not improper for Ningbo Qimou Electric Co., Ltd. to bear the amount of compensation of 100 million yuan. The Supreme People’s Court ruled: reject the appeal,
　　[Typical significance] The 2nd-round Moderation judgment in this case strictly applies the system of providing evidence and obstructing the infringer who deliberately fails to provide evidence and hinders the people’s court from determining the facts of the case, and makes an unfavorable handling method and judgment in accordance with the law. This case fully reflects the judicial attitude of the people’s court to strictly protect intellectual property rights, and has effectively cracked down on the behavior of maliciously clinging to the goodwill of well-known trademarks, which has played an important role in purifying the market order and creating a good business environment.
　　II. Case involving trademark infringement and unfair competition of "Lafite"
　　Case of infringement of trademark rights and unfair competition between Laimou Winery and Nanjing Jinmou Winery Co., Ltd. [Supreme People’s Court (2022) Supreme Court Civil Court verdict No. 313]
　　[Case summary] La Winery is the owner of the "LAFITE" trademark and "CHATEAU LAFITE ROTHSCHILD" trademark (hereinafter collectively referred to as the trademarks involved), and the two trademarks are registered on alcoholic beverage products. The trademarks involved in the case have a high reputation after long-term use, and "LAFITE" and "Lafite" have established a solid relationship. On April 1, 2005, Nanjing Jinmou Winery Co., Ltd. applied for the registration of the "Lafite Manor" trademark on wine and other products. Since then, Nanjing Jinmou Winery Co., Ltd. and others have used logos such as "Lafite Manor" and "LAFEI MANOR" in the process of producing, importing and selling wine, and have promoted them on websites and trading documents. On December 23, 2016, the Supreme People’s Court issued a retrial judgment in favor of the trademark administrative department to revoke the trademark of "Lafite Manor". Lafite Winery then sued Nanjing Jinmou Winery Co., Ltd. and other seven defendants to the court. The court of first instance held that Nanjing Jinmou Winery Co., Ltd. and other seven defendants constituted trademark infringement and unfair competition, ordered them to stop infringement, and applied punitive damages. Nanjing Jinmou Winery Co., Ltd. refused to accept it and appealed. The Supreme People’s Court held that in the process of applying for registration and using the "Lafite Manor" trademark, Nanjing Jinmou Winery Co., Ltd. had malicious intent to cling to the trademark involved in the case of Lafite Winery, and did not have a good faith interest in trust. Its use of the "Lafite Manor" "LAFEI MANOR" logo constituted trademark infringement, and exaggerating the historical heritage and popularity of "Lafite Manor" wine in the publicity constituted false propaganda. Nanjing Jinmou Winery Co., Ltd. and other infringement malice was obvious, and the infringement circumstances were serious. According to the request of Lafite Winery, punitive compensation was applied, and Nanjing Jinmou Winery Co., Ltd. was ordered to compensate Nanjing Jinmou Winery Co., Ltd. for the total economic loss and reasonable expenses of 79.17 million yuan.
　　The judgment in this case points out that trademark registrants who have the intention to cling to their trademarks should not be protected, which is of positive significance for advocating market players to participate in market competition in a sincere and good faith manner, and highlights the strength and determination of the people’s court to severely punish "near famous brands" and "free riders".
　　Administrative disputes involving the invalidation of "facial recognition" invention patents
　　Beijing Zhongmou Technology Co., Ltd. and the State Intellectual Property Office, Apple Computer Trading (Shanghai) Company Invalid Patent Administrative Dispute Case [Supreme People’s Court (2021) Supreme Law Zhixing End No. 556 administrative court verdict]
　　[Case summary] Beijing Zhongzhong Technology Co., Ltd. is the patentee of the invention patent with patent number 200480036270.2 and the name is "a method for obtaining face images and facial recognition method and system". Apple Computer Trading (Shanghai) Company filed a request for invalidation of the patent right involved in the case. Beijing Zhongzhong Technology Co., Ltd. submitted the revised text of the patent claim during the examination of the invalidation of the patent right involved in the case. The State Intellectual Property Office did not accept some of the revised claims. It only made an examination decision based on the accepted part, determined that the patent involved was not creative, and declared all of them invalid. Beijing Zhongzhong Technology Co., Ltd. refused to accept it and filed a lawsuit with the Beijing Intellectual Property Court, but was not supported. Beijing Zhonghao Technology Co., Ltd. refused to accept it and appealed on the grounds that all modified claims should be accepted. The Supreme People’s Court 2nd-round Moderation held that in the administrative procedure of patent right confirmation, the maximum scope of modification of claims shall not exceed the "scope of information" stipulated in Article 33 of the Patent Law and the "scope of protection" stipulated in the first paragraph of Article 69 of the Implementing Regulations of the Patent Law. The review of whether the modification method of a certain claim belongs to "further limitation" shall only be based on whether the modified claim fully contains all the technical features of the modified claim, whether the modified claim adds technical features to the modified claim, and whether the added technical features are recorded in other claims in the original claims. Modifications to claims in administrative procedures for patent right confirmation should generally be limited to responding to the reasons for invalidation; those that reconstruct the reality of the claims in the name of overcoming the defects referred to in the reasons for invalidation may not be accepted. In this case, claims 4 and 7 are essentially the original claims and are the natural basis for examination; the technical solutions citing claims 4 and 7 in the revised claims 8-10 should also be accepted; the revised claims 11 and 12 are not in response to the modification of the reasons for invalidation, and it is not inappropriate for the State Intellectual Property Office not to accept them. Therefore, the judgment revokes the first-instance judgment and the decision to be sued, and the State Intellectual Property Office makes a new decision.
　　[Typical meaning] This case clarifies the requirements for the extent, method, and purpose of modification of claims in the administrative procedure of patent confirmation, especially the identification criteria for "further limiting" modification, which is of reference significance for the grasp of the legal standards for modifying claims in the administrative procedure of patent confirmation.
　　IV. Infringement dispute involving new varieties of corn plants "Danyu No. 405"
　　Liaoning Danye Science and Technology joint stock company and Linghai Agricultural Science and Technology Co., Ltd. and Qingdao Lian Agricultural Technology Development Co., Ltd. infringed on the right of new plant varieties dispute case [Supreme People’s Court (2022) Supreme Court Zhimin End No. 2907 civil court verdict]
　　[Case summary] Liaoning Danyu Industrial Technology joint stock company is the owner of the new variety of corn plant "Danyu No. 405". Linghai Agricultural Technology Co., Ltd. infringed the variety rights of "Danyu No. 405" with the name "Ziguang No. 4" without authorization, and was found to be infringing by an effective judgment in 2015. After that, in 2019 and 2020, it continued to carry out the infringement of producing and selling the "Danyu No. 405" variety under the names "Jinyu 118" "Anyu 13" and "Danyu No. 606" respectively. Qingdao Lian Agricultural Technology Development Co., Ltd. is the seller of the alleged infringing seeds. Liaoning Dan Industrial Technology Co., Ltd. then sued the court, requesting that Linghai Agricultural Technology Co., Ltd. and Qingdao Lian Agricultural Technology Development Co., Ltd. stop infringing and jointly compensate a total of 3 million yuan for economic losses and reasonable expenses (with 1.50 million yuan as the compensation base, and 1 times the punitive compensation). The court of first instance held that the calculation base of punitive damages could not be determined, so it applied the statutory compensation judgment Linghai Agricultural Technology Co., Ltd. stopped infringing and compensated a total of 1 million yuan for economic losses and reasonable expenses. Liaoning Dan Industrial Technology Co., Ltd. refused to accept and appealed. The Supreme People’s Court 2nd-round Moderation held that the infringement of Linghai Agricultural Technology Co., Ltd. has a long time, a wide geographical area, and a large scale, and has repeatedly committed deck infringement and repeated infringement. The infringement is intentional and obvious, and the infringement circumstances are bad, so it should bear punitive compensation liability. Refer to the number of "Danyu No. 405" seeds that Linghai Agricultural Technology Co., Ltd. believes can be harvested by breeding 400 mu of infringing seeds and the gross profit on sales, which has basically satisfied the 1.50 million yuan compensation base claimed by Liaoning Danye Industrial Technology Co., Ltd., and then according to the compensation base of 1.50 million yuan and 1 times the punitive compensation, the judgment is changed to support the full amount of Liaoning Danye Industrial Technology Co., Ltd. 3 million yuan lawsuit claim.
　　[Typical meaning] This case makes it clear that the base of punitive compensation can be determined based on the evidence in the case, and cannot simply apply statutory compensation because it is difficult to calculate accurately. The judgment of this case reflects the determination and judicial attitude of the people’s court to fully implement the punitive compensation system, reducing the difficulty of rights holders in accordance with the law, effectively playing the deterrent effect of punitive compensation, and effectively making the infringer pay a heavy price.
　　V. Navigation electronic map copyright infringement and unfair competition disputes
　　Beijing Simou Technology joint stock company and Beijing Baimou Technology Co., Ltd. and other copyright infringement and unfair competition disputes [Beijing Higher People’s Court (2021) Jingminzhuan No. 421 civil court verdict]
　　[Case summary] Beijing four science and technology joint stock company began to carry out electronic map research and development and promotion since 2002, and created the 15Q4 Internet electronic map and 16Q2 Internet electronic map (hereinafter collectively referred to as the rights map). In 2013, Beijing four science and technology joint stock company and Beijing hundred Technology Co., Ltd. signed a "cooperation agreement", agreeing to authorize Beijing hundred Technology Co., Ltd. to use the rights map until the end of 2016. Beijing Simou Technology Co., Ltd. and its affiliates claimed that after the contract expired, Beijing Baimou Technology Co., Ltd. and its affiliates used navigation electronic maps that were substantially similar to the rights map in the six accused application software operated by "Baidu Map", "Baidu CarLife" and "Baidu Navigation", which infringed their copyright and constituted unfair competition, and then sued the court. The court of first instance held that the navigation electronic maps used by Beijing Baimou Technology Co., Ltd. in the application software constituted copyright infringement, and ordered the company and its affiliates to stop the infringement, apologize, eliminate the impact, and jointly and severally compensate for economic losses of 64.50 million yuan and reasonable expenses of more than 920,000 yuan. Beijing Baimou Technology Co., Ltd. refused to accept it and appealed. The 2nd-round Moderation of the Beijing Higher People’s Court held that the rights map constitutes a graphic work under the copyright law. For the massive map data, through the comparison of 30 secret notes, 125 internal roads, 47 sea-expanding administrative area maps and 44 model maps provided by the right holder, it can be determined that Beijing Baimou Technology Co., Ltd. and its affiliates used navigation electronic maps that were substantially similar to the rights map in the six accused applications operated after the expiration of the "Cooperation Agreement", infringing the copyright of Beijing Simou Technology joint stock company. In view of the fact that the copyright law has been applied to protect the legitimate rights and interests of the right holder, it is not appropriate to apply Article 2 of the Anti-Unfair Competition Law for repeated protection. The appeal was dismissed and the original judgment was upheld.
　　[Typical meaning] Data is a key element of the digital economy. This case is a typical case of navigation electronic maps being protected by copyright law. The case not only conducts in-depth analysis of the elements of navigation electronic maps that constitute graphic works, but also makes useful explorations on the substantive similarity comparison of massive map data, highlighting the important role of intellectual property judicial trial services in safeguarding the digital economy.
　　VI. Cases involving unfair competition of "data"
　　Beijing Weimou Network Technology Co., Ltd. and Guangzhou Jianmou Information Technology Co., Ltd. and other unfair competition disputes [Guangdong Higher People’s Court (2022) Yueminjian No. 4541 civil court verdict]
　　[Case summary] Beijing Jianmou Network Technology Co., Ltd. is the operator of Sina Weibo. It accused Guangzhou Jianmou Information Technology Co., Ltd. of using malicious technical means to illegally call the server API (application programming interface) to capture a large amount of Weibo data, store and sell it, which constituted unfair competition, and then sued the court. The court of first instance held that Guangzhou Jianmou Information Technology Co., Ltd. constituted unfair competition and ordered it to compensate 20 million yuan for economic losses and 272,680 yuan for reasonable expenses for rights protection. Guangzhou Jianmou Information Technology Co., Ltd. refused to accept it and appealed. The Higher People’s Court of Guangdong Province held that Beijing Jianmou Network Technology Co., Ltd. enjoys the rights and interests of independent control, lawful use and economic benefits of Weibo data held in accordance with laws and regulations. Guangzhou Jianmou Information Technology Co., Ltd. illegally calls the Weibo server API to capture a large amount of background data for storage by changing IP (network address), UID (user account number) and other deceptive technical methods, and sells it to unspecified Internet users without processing to make profits. This behavior significantly increases the risk of the Weibo platform being substantially replaced, and may also cause data security issues such as personal privacy and leakage of sensitive information. It violates the principles of fairness, integrity and business ethics, disrupts the competitive order of the data market, seriously damages the legitimate rights and interests of Beijing Weimou Network Technology Co., Ltd. and consumers, and constitutes unfair competition as stipulated in Article 2 of the Anti-Unfair Competition Law. According to the median fee standard of 1 yuan/100 times of Guangzhou Jane Information Technology Co., Ltd., its profit is about 2179.79 million yuan. Based on the long duration of the alleged infringement, the huge scale of the call data, and the serious consequences of the damage, it is not improper to fully support the compensation request of Beijing Micro Network Technology Co., Ltd., so the judgment rejects the appeal and upholds the original judgment.
　　[Typical meaning] This case is a typical case of illegally capturing data for trading and reselling. The judgment is based on the balanced relationship between "strong protection" of data and "orderly circulation", and clarifies the boundaries of data rights protection. It reflects the clear judicial attitude of judicial trials to guide market entities to obtain and use data "in a good way and to a certain extent."
　　Seventh, criminal infringement of medical equipment software copyright
　　Case of copyright infringement by Liu Mousheng and Liu Mousheng [Shanghai Third Intermediate People’s Court (2023) Shanghai 03 Xingchu No. 23 criminal court verdict]
　　[Summary of the case] Since March 2019, defendant Liu Mousheng, for profit purposes, without the permission of copyright holders such as Ximou Medical System Co., Ltd., made dongles to avoid copyright technical protection measures, provided download links such as maintenance manuals, copied software such as Nebula Workstation without authorization, and sold the aforementioned dongles and pirated software through Xianyu account and other channels. Since July 2020, defendant Liu Mousheng instructed defendant Liu to open a Xianyu account to sell dongles and pirated software. During this period, defendant Liu Mousheng was responsible for making dongles, copying pirated software, putting goods on the shelves, sending express deliveries, etc., and defendant Liu was responsible for account customer service, collection, etc. After audit, the sales amounts of defendants Liu Mousheng and Liu were 1.06 million yuan and 140,000 yuan respectively. After identification, it was found that the dongles sold by the two defendants could avoid the technical protection measures taken by the copyright owner, and the pirated software sold was essentially the same as the copyright owner’s work. The Shanghai Third Intermediate People’s Court held that the two defendants, for the purpose of profit, copied and disseminated their works to the public through information networks without the permission of the copyright owner, and deliberately avoided the technical protection measures taken by the copyright owner for their works. Defendant Liu Mousheng’s circumstances are particularly serious. Defendant Liu’s circumstances are serious, and their actions have constituted the crime of copyright infringement. In a joint crime, the defendant Liu Mousheng is the principal offender; the defendant Liu is an accessory, and should be given a lighter punishment. Both defendants have confessed to the circumstances and can be given a lighter punishment; if they voluntarily plead guilty and accept the punishment, they can pay a fine in advance before the court, and can be given a lighter punishment. Therefore, the defendant Liu Mousheng was sentenced to three years and two months in prison and fined 700,000 yuan for the crime of copyright infringement; the defendant Liu was sentenced to one year in prison, suspended for one year, and fined 80,000 yuan. After the first-instance judgment, neither defendant appealed.
　　[Typical significance] This case is a typical criminal case of intentional avoidance of technical measures to infringe copyright after the implementation of the Criminal Law Amendment (XI). The judgment of this case clarified the relevant standards for criminal responsibility for avoidance or destruction of technical measures, fully protected the legitimate rights and interests of medical device software copyright owners, and demonstrated the strength and determination to strengthen the criminal judicial protection of intellectual property rights and serve the innovative development of the digital economy.
　　Eight, "Lentinan" infringement of technical secrets dispute case
　　Nanjing Hanmou Pharmaceutical Technology Co., Ltd. and Dimou Pharmaceutical (Jiangsu) Co., Ltd. infringement of technical secrets dispute case [Nanjing Intermediate People’s Court of Jiangsu Province (2019) Su 01 Minchu No. 3444 civil court verdict]
　　[Case summary] In 2004, Nanjing Hanmou Pharmaceutical Technology Co., Ltd. and Dimou Pharmaceutical (Jiangsu) Co., Ltd. signed the "Lentinan Mushroom Polysaccharide Project Cooperation Contract", agreeing that the former would provide the latter with technologies such as the production of Lentinan APIs; the products involved would be sold to the distributor designated by the former; the latter would compensate the former 20 million yuan for distributing it by itself or entrusting others; both parties should keep the technology of this project confidential, otherwise they would compensate according to the above agreement. Later, Nanjing Hanmou Pharmaceutical Technology Co., Ltd. delivered the technical results to Dimou Pharmaceutical (Jiangsu) Co., Ltd. as agreed. Dimou Pharmaceutical (Jiangsu) Co., Ltd. obtained the registration and production approval of Lentinan APIs in 2006. In 2010, Dimou Pharmaceutical (Jiangsu) Co., Ltd. transferred the shiitake mushroom polysaccharide technology to the outsider for 1 million yuan, and the aforementioned drug production enterprise was changed to the outsider. The outsider’s website publicized in 2014 that the shiitake mushroom polysaccharide API production line was officially put into production, and the annual output value would exceed 100 million yuan. Nanjing Hanmou Pharmaceutical Technology Co., Ltd. then sued the court. The Nanjing Intermediate People’s Court of Jiangsu Province held that the technology involved in the case was non-public, valuable, and confidential, and constituted a technical secret. Dimou Pharmaceutical (Jiangsu) Co., Ltd. transferred the technology substantially the same as the aforementioned technology to the outsider, which violated the confidentiality agreement and disclosed the technical secret to the outsider, which constituted infringement. According to the amount of compensation agreed by both parties, Dimou Pharmaceutical (Jiangsu) Co., Ltd. was sentenced to compensate Nanjing Hanmou Pharm Dimou Pharmaceutical (Jiangsu) Co., Ltd. refused to accept and appealed. The Supreme People’s Court rejected the appeal and upheld the original judgment.
　　[Typical meaning] This case involves the protection of technical secrets of traditional Chinese medicine techniques such as the selection, processing and treatment of authentic shiitake mushroom raw materials. The judgment explores issues such as the identification of technical secrets of traditional authentic medicinal materials and compensation for illegal use of technical secrets, which is conducive to the application and development of traditional Chinese medicine technology and promotes the integrity and innovation of traditional Chinese medicine.
　　Nine, involving "Xiao Ai Classmate" wake-up word unfair competition dispute case
　　Xiaomou Technology Co., Ltd. and Chen and Shenzhen Yunmou Technology Co., Ltd. unfair competition dispute case [Wenzhou Intermediate People’s Court of Zhejiang Province (2023) Zhejiang 03 Minchu No. 423 civil court verdict]
　　[Case summary] Xiaomou Technology Co., Ltd. released the first artificial intelligence speaker with the wake-up word "Xiao Ai Classmate" in July 2017, and has since installed an artificial intelligence voice interaction engine using the wake-up word "Xiao Ai Classmate" in mobile phones, TVs and other products. From August 2017 to June 2020, Chen applied for the registration of 66 trademarks such as "Xiao Ai Classmate" in different product categories, and then sent a lawyer’s letter to the affiliated companies of Xiaomou Technology Co., Ltd. to request that it stop infringing its "Xiao Ai Classmate" trademark rights, and used the "Xiao Ai Classmate" trademark on sports watches, alarm clocks and other products with Shenzhen Yunmou Technology Co., Ltd. to jointly publish product promotional articles. Xiaomou Technology Co., Ltd. argued that the actions of Chen and Shenzhen Yunmou Technology Co., Ltd. constituted unfair competition, so it sued the court. The Wenzhou Intermediate People’s Court of Zhejiang Province held that "Xiao Ai Classmate" can be widely used as an influential wake-up word, the name of the artificial intelligence voice interaction engine, and the name of the smart speaker equipped with the artificial intelligence voice interaction engine. Protected by the Anti-Unfair Competition Law. Chen registered a large number of trademarks such as "Xiao Ai Classmate" and sent a lawyer’s letter to "stop infringement" to the affiliated enterprises of Xiaomou Technology Co., Ltd., which violated the principle of good faith, disrupted the fair market competition order, and damaged the legitimate rights and interests of Xiaomou Technology Co., Ltd., which is an act of unfair competition regulated by Article 2 of the Anti-Unfair Competition Law. Chen and Shenzhen Yunmou Technology Co., Ltd. sold goods with the logo of "Xiao Ai Classmate" and released misleading commercial publicity information, which constituted confusion and false propaganda of unfair competition. Therefore, the judgment was immediately stopped, Chen compensated Xiaomou Technology Co., Ltd. for economic losses and reasonable expenses of 1.20 million yuan, and Shenzhen Yunmou Technology Co., Ltd. was jointly and severally liable for 250,000 yuan. After the first-instance judgment, none of the parties appealed.
　　[Typical meaning] This case is a typical case involving the protection of the rights and interests of artificial intelligence Keywords Spotting. The judgment of this case not only makes it clear that the use of wake-up words with certain influence belongs to the legitimate rights and interests protected by the Anti-Unfair Competition Law, but also effectively regulates the behavior of maliciously squatting other people’s wake-up words and abusing rights, fully protecting the brand goodwill of technological innovation enterprises.
　　Cases involving "juvenile model" unfair competition
　　Shenzhen Tengmou Computer System Co., Ltd. and Beijing Aimou Technology Co., Ltd. unfair competition dispute case [Tianjin Free Trade Zone People’s Court (2022) Jin 0319 Minchu No. 23977 civil court verdict]
　　[Case Summary] Shenzhen Teng Computer System Co., Ltd. and others have set up "Youth Mode" in the "Tencent Video" and "Tencent NOW Live" APP operated by them. When opening the above APP, a pop-up window prompt will pop up on the homepage. The guardian of the teenager can conveniently open the "Youth Mode". This mode is configured with high-quality content suitable for teenagers, restricts social and consumption functions such as recharging, tipping, and gift giving, and sets up an anti-addiction mechanism. In order to ensure the normal operation of the "Youth Mode", the service agreements of both APPs stipulate that users shall not interfere with or destroy the normal operation of the software, shall not add, delete, or change the functions or operation effects of the software, and shall not implement any behavior that endangers minors. The "anti-advertising tool" APP operated by Beijing Aimou Technology Co., Ltd. uses the "juvenile mode pop-up box automatic closing" function as a "member exclusive privilege", and guides users to open and use the function in a "free time" way, resulting in users being unable to use "juvenile mode" through the prominent pop-up window prompt popping up on the homepage of Shenzhen Tengmou Computer System Co., Ltd. Shenzhen Tengmou Computer System Co., Ltd. and others believed that Beijing Aimou Technology Co., Ltd. constituted unfair competition, so they sued the court. The People’s Court of Tianjin Free Trade Zone held that the blocking of "juvenile mode" by Beijing Aimou Technology Co., Ltd. was essentially an act of unfair competition that hindered and destroyed the normal operation of network products and services of Shenzhen Tengmou Computer System Co., Ltd. on the grounds of technological neutrality to obtain economic benefits, resulting in the failure of the company’s functional design to protect minors, which not only undermined the market order of fair competition and industry ecology, but also violated relevant laws and regulations for the protection of minors, hindered the long-term healthy development of online audio & video, live broadcast and other industries, and constituted unfair competition. Considering that the products of Shenzhen Teng Computer System Co., Ltd. have a greater impact on the adolescent group, Beijing Love Technology Co., Ltd. has a greater subjective fault, and the function of blocking adolescent mode covers a variety of application software. The influence range is wider, the number of downloads is more, and the duration is longer. Factors such as a long time, Beijing Love Technology Co., Ltd. was ordered to compensate for economic losses and reasonable expenses totaling 3 million yuan. After the first instance judgment, neither party appealed, and reached a pre-execution settlement.
　　[Typical meaning] This case is a typical case of blocking "juvenile model" unfair competition. The judge affirmed the positive role of "juvenile model" in safeguarding the rights and interests of minors online, and made a negative evaluation of the blocking of "juvenile model" through the application of the Anti-Unfair Competition Law, and guided network service providers to consciously fulfill their network obligations and social responsibilities to protect minors.

The morning newspaper is super informative. Andy Lau and others settled in the Oscar XXXL version of Bao Bell’s article online

Fresh information morning call is all in the morning newspaper

Near the end of June, are you going to school and work to prepare for various exams and mid-year summaries? Although it is hard, some girls still hope that everyone’s mood will not be too down. After all, it is about to enter the summer season with surprises~ And even if the work and study are hard, there are still morning papers to accompany you to cheer!

The star thing | The Oscar jury lineup is strong, Andy Lau, Kancheng Wu Zhang Aijia was invited to join

According to foreign media reports, this year the Academy of Motion Picture Arts and Sciences has sent out invitations to 928 people to join the Oscar jury lineup! This number of invitations is not only the largest in history, but this time the female judges also account for a very large proportion of the Oscar jury lineup. As the host of the Oscars, the Academy of Motion Picture Arts and Sciences officially invites new members to join the Oscar jury lineup every year to recognize the invitees’ contributions to the development of the global film industry in the past year. And this year, Andy Lau, Takeshi Kancheng, Zhang Aijia, Dragon Mother, Sweet Tea, Ben Meow, De Mei, Saber Girl and others have all been invited!

According to the material sister, last year there were nearly 20 Chinese selected, including Chen Kexin, Du Qifeng, Maggie Cheung, Jiang Wen, Leung Chaowei, Carina Lau, Donnie Yen, etc. When the material sister saw this year’s newly announced list, she, like netizens, was happy for our male gods Andy Lau, Takeshi Kancheng, and Muse Zhang Aijia. They are all acting experts, which can be said to be very good!

Overseas telescopes | Johnson’s new film is set in the mainland, and the boulder wears prosthetic limbs and hangs again

Dwayne Johnson’s action blockbuster "Skyscraper Rescue" is finally scheduled for July 20th! I was really caught off guard and parachuted into the summer schedule~ This time, the "boulder" that incarnated as a retired FBI hostage rescue team agent is opened again. Even if one leg is a prosthetic, the combat effectiveness is still full!

While on a mission in Hong Kong, China, Johnson’s skyscraper, which is said to be the safest and tallest in the world, suddenly caught fire, and it was planted that he did it. The crisis of the situation requires him to clear his name of being wanted, find the real criminal as soon as possible, and rescue his family who are caught in the fire. A life-and-death rescue is about to begin! Some girls secretly told everyone that Kunling will also appear in the movie~ So this action blockbuster, do you plan to go to the cinema?

The notice is fresh to watch Shu Exposure notice is fixed on the 9.30 xxxl version of Bao Bell’s article makes a hilarious debut

The movie "Fat Man Action Team" directed by Bao Bell and starring in the hand-in-hand article has just released a preview, announcing that it will be released on September 30, with two 150kg "heavy" agents stuffed into everyone’s National Day file~ In addition to Bao Bell and the article, there are also Clara, Guo Jingfei, Zhang Monroe, Song Jia, Cangtian Baozhao, Spicy Yoko, etc. This lineup is also a little anticipated~

The movie tells the story of the ace agent "J" played by the article and the security guard Hao Yingjun played by Bao Bell in order to complete a special task, going through many ironic and dangerous crisis stories. The two people turned into 150kg xxxl version of the agent is also full of jokes and cute. However, after watching the trailer, some girls said that they must add a big chicken leg to the makeup teacher. If you don’t look carefully, you can’t see the original appearance of the two stars~

Movie Calendar | Tony Leung was born

(The specific broadcast content is subject to TV)

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Original Hengchi 5 orders over 37,000, netizens： staff hard! Buy a house and buy a car

Not long ago, the Hengchi 5, which has been sewing and mending for three years, was finally launched. The new car is positioned as a compact pure electric SUV with a pre-sale price of 179,000 yuan. Compared with other "new forces in car building", whether it is Hengchi Automobile or Hengchi 5 itself, it can be said that it is full of "drama". Due to the crisis event of the parent company Evergrande Group, Hengchi Automobile, which was thought to have aborted and died, finally launched a new car.

On July 20, Hengchi Automobile announced at its first 720 Hengchi Festival event that as of about 18:04 on the same day, the number of Hengchi 5 pre-sale orders reached 37,000. Liu Yongzhuo, president of Hengchi Automobile, also said in an interview that after the pre-sale conference, the market response of Hengchi 5 was very good, which has exceeded expectations, and the big sale is a foregone conclusion.

This can’t help but make people wonder, after understanding such a "mess" of Evergrande Group, who is buying a car? Are you not afraid of being "rotten" like a house? At this time, some people will say that Evergrande Group has shown its sincerity and pioneered the "notary car purchase" method. Pay the full amount when the car is delivered, and the car can be returned and refunded within 15 days after pickup, and the money must go through the special account of the notary office. In addition, there are various rights and interests, and of course someone will buy it at such a good opportunity!

It can be seen that Evergrande has made great efforts to allay consumers’ concerns, but this "innovative" sales method will directly lead to Hengchi cars not being able to receive car payments for a period of time. You know, the lack of "self-hematopoietic" ability has always been a sword hanging over the heads of all "new power car companies". For Evergrande Group, which already has serious financial problems, it is questionable whether Hengchi 5 can be successfully mass-produced without a benign turnaround.

Take a look at the Hengchi 5 car has enough potential to become a hit? The plain appearance, unadorned configuration, and decent performance are enough to summarize this car. Besides the background of car building, a new energy vehicle made by a well-known real estate company does not have enough vehicle technology accumulation like traditional car companies, nor does it have advanced intelligence like Internet companies. The pre-sale price of 179,000 yuan, it did not choose to enter the price range of "drive DNU", the overall positioning is more embarrassing, and it seems to give people a sense of "high can’t make low".

Finally, an insider revealed that Hengda now relies on its own Hengda Property employees to sell cars. Hengda Property distributed the "Hengchi 5" new energy vehicle sales assessment task to its employees. And issued specific assessment task indicators to each region. According to the actual situation, each region will refine the sales target to each real estate project, and the number of sales depends on the number of owners in the real estate.

In fact, Evergrande’s marketing strategy is no problem. After all, the owner’s resources can be said to be Evergrande’s greatest advantage, and of course it must be used well. However, Evergrande still has to consider that problem.

However, in the final analysis, this pre-sale volume is essentially a relatively large indicator. Many manufacturers have falsely reported data when publishing pre-sale data, because only the manufacturers can see these data.

Regarding whether the Hengchi 5 can be bought, when can it be bought, or whether it needs to wait for the actual delivery of the Hengchi 5, without the endorsement of technology, software, and hardware, what is its overall product strength, reliability, and stability? After all, who can’t brag? Boss Jia’s cattle have already been blown to the other side of the Pacific Ocean.

Global R & D Achievements ＂Global Boutique＂ Geely Galaxy’s First Pure Electric SUV New Car ＂Geely Galaxy E5＂ Exposed

　　Recently, Geely Galaxy, the mid-to-high-end new energy series of Geely brand, announced that its first pure electric SUV was officially named "Geely Galaxy E5", and exposed a set of camouflage car pictures. It is reported that Geely Galaxy E5 is Geely Galaxy’s first blockbuster new product anchored to the global market. Left and right rudder vehicles are developed and tested at the same time, and will also be sold to global users in the future, bringing the value proposition of "Live a good life, everyone’s E5" to global users.

　　Through years of global strategic layout and deep cultivation in the market, Geely Automobile currently has 5 major R & D centers and 4 major modeling centers around the world, with more than 30,000 R & D and design personnel, and has established factories in overseas countries such as Malaysia. Relying on Geely’s resources in global R & D, global standards, global intelligent manufacturing, and global services, Geely Galaxy E5 naturally has the advantage of becoming a boutique global car, and will share the high quality and high value of China’s new energy with the new generation of users around the world.

Global R & D Achievements "Global Boutique" Geely Galaxy's First Pure Electric SUV New Car "Geely Galaxy E5" Exposed _fororder_image001

　　It is not difficult to see from the exposed camouflage car pictures that Geely Galaxy E5 is based on an international vision, comparable to first-line luxury brands, integrates global aesthetic trends to deduce the new aesthetic landscape of Galaxy family-style design, realizes the transformation from stunning to classic, and creates a classic symbol of the era of intelligent electric travel. The global landmark background in the camouflage car picture fully demonstrates Geely Galaxy E5’s firm determination to deeply participate in global competition and fully embrace the global market. The "hello" in the body pictures of various languages exudes the beauty of confidence from the openness and inclusiveness of Chinese cars in the era of intelligent electric vehicles.

Global R & D Achievements "Global Boutique" Geely Galaxy's First Pure Electric SUV New Car "Geely Galaxy E5" Exposed _fororder_image002

　　Since its release in February 2023, Geely Galaxy has successively launched three products, Geely Galaxy L7, Geely Galaxy L6, and Geely Galaxy E8, forming a product layout of pure electric + electric hybrid, sedan + SUV in the mainstream new energy market. The cumulative sales volume has exceeded 110,000, the average price of bicycles has exceeded 160,000 yuan, and more than 650 Galaxy stores have been built.

Global R & D Achievements "Global Boutique" Geely Galaxy's First Pure Electric SUV New Car "Geely Galaxy E5" Exposed _fororder_image003

　　As Geely Galaxy’s first strategic pure electric SUV in the global market, the addition of Geely Galaxy E5 will further enrich Geely Galaxy’s product matrix, continue to meet the needs of global users for high-value new energy vehicles, and help Geely Galaxy build a "mainstream new energy first brand". Geely Galaxy E5, a new model born around the world, will lead another wave of value war trends in the new energy vehicle market in 2024, and its official release is even more worth looking forward to. (Source: Geely Galaxy)

Chen Kexin, Zhou Dongyu, Rong Zishan… How about their new works？

1905 movie network news 2020 is already halfway through, and the good news is getting closer and closer.

In the second quarter, a number of new films were officially filed for approval.

There are such works that have been completed.

There are finished films like "Crime Partners" that will be shown at the film festival;

There are even more works that are being filmed.

Overall, these positive news offer us countless hopes.

According to the public information of the State Film Administration’s filing and project approval in the second quarter of 2020, there are 755 story films in the country, including 630 modern themes (after 49 years) and 125 historical themes (before 49 years).

There are 49 animated films and 32 recorded films in the country. At the same time, among the Sino-foreign co-productions accepted by the Film Bureau, 9 projects were approved.

Overall, the number of filings has increased compared to the last quarter (Quarter 1 2020). So, what movies are we looking forward to in the future movie market?

"Me and My Hometown"

The film "My Hometown and Me" follows the successful model of inviting multiple filmmakers to participate in the creation.

The film is directed by Zhang Yimou, Ning Hao as the general director, Zhang Yibai as the general planner, Xu Zheng, Ning Hao, Yan Fei & Peng Damo, Deng Chao & Yu Baimei, and Chen Sicheng. The five groups will form a director lineup, presenting a relaxed and enjoyable comedy.

Fu Ruoqing, general manager and vice chairperson of China Film joint stock company and chairperson of Huaxia Film Distribution Co., Ltd., has revealed that "Me and My Hometown" will be a film that shows the results of a well-off society in an all-round way.

Compared with last year’s "My Motherland and Me", which focused on history, this new work will presumably also promote patriotism and the Chinese dream in the new era through a more life-like approach.

"Home at One"

After completing the screenwriting of "Winning" and "Winning", Zhang Ji quickly handed over a new work – "Home at One Point".

The film will live broadcast, poverty reduction and other new era cultural elements into one, China film joint stock company general manager, vice chairperson Fu Ruoqing has revealed that the film will show the results of building a well-off society in an all-round way, originally planned to be released in 2020 National Day file.

It is worth noting that another screenwriter of the film, Zhou Yunhai, has participated in Chen Kexin’s production of "Demon Ringling". At the same time, the first producer of the film is the main producer of Chen Kexin’s past works – Jiaying Pictures.

According to the group information exposed on the Internet, Chen Kexin will serve as the producer of the film, and it will be launched in Yunnan in late June. At present, the starring information has not been announced yet.

"Moses on the Plain"

The movie was officially completed in early June.

The film is adapted from the novel of the same name by Shuang Xuetao. The content of the novel is more like a group portrait of Northeast China spanning nearly 20 years from the 1980s and 1990s to the early 21st century, reflecting a corner of Shenyang’s social life at that time.

Zhang Ji, as a rookie director, is quite a challenge.

Fortunately, Shuangxuetao himself served as the artistic director, and director Diao Yinan, who was good at crime suspense films, was in charge of the production. He believed that he could serve everyone with a "peace of mind pill".

Of course, for this movie, casting is also crucial.

According to the current "Reuters", Li Fei’s character is likely to be completed by Zhou Dongyu alone (no young actors will be arranged), which also means that the age span of the roles she needs to play is very large.

Judging from her performance in China, she really interpreted this girly feeling very well.

The same is true for Liu Haoran, who has always been a teenager.

Of course, Zhuang Shu has a 12-year age span in the movie, which poses another acting challenge for him.

"Hua Qiangu"

The film has attracted much attention and skepticism since its inception.

The film is adapted from the drama version, and many people have paid special attention to the casting issue. Previously, some industry insiders broke the news that the heroine was intentionally selected from Guan Xiaotong, Di Lizheba, and others.

Afterwards, it was revealed that the hostess chose to lock in as Zheng Shuang.

For a time, Zheng Shuang’s fans publicly boycotted the project and raised many doubts about it, believing that the "Hua Qiangu" project would not benefit her career. At the same time, fans pointed out that the original novel was suspected of plagiarism and other issues.

Now, there are rumors that the heroine has been replaced by Chen Turin. It is false and true. Who will play the role in the end has to wait for the official announcement.

In the face of various controversies on the Internet, the filmmaker Tang Lijun responded in a long post on Weibo.

According to her, in the main creative lineup, producer Li Jinwen has served as the production director of the film "Crouching Tiger, Hidden Dragon" and "Kung Fu", as well as the producer of films such as "Di Renjie’s Tongtian Empire"; director Zhang Chaoli has participated in the "Ip Man", "October Siege", "Journey to the West", "Dear", "Monster Hunt" and other films, and the hit drama "I will wait for you in the future" is also one of his works.

With her long words, the audience hopes that "Hua Qiangu" will be "a high-quality and positive-energy good movie".

"Partners in Crime"

In the recently announced FIRST Youth Film Festival finalists, this "partner in crime" appears in the film list.

The director of the film, Gao Han, is a young director who stands out in the "2018 Penguin Film and Television Green Dream Director Support Program", and director Gao Qunshu is responsible for the production of this film.

"Partners in Crime" was inspired by a kidnapping case.

After 20 years of unremitting efforts, Chen Hanzhong, Dong Feng and his colleagues finally cracked a drug trafficking case covered up by a pyramid scheme organization. They established a strong friendship and witnessed the rapid development of public security criminal investigation technology in our country during the long process of solving the case.

At the same time, the film takes a lot of brushstrokes to describe the northwest environment, projecting the case story and characters’ emotions into the unique temperament of the northwest city.

"Country Girls Basketball Team"

Happy Twist has been very "enthusiastic" in the past six months. Quarter 1 has launched "Attack on Zheng Qian", and this time it has added a new work "Country Girls Basketball Team".

The film takes basketball as the starting point, focusing on a rural teacher and a basketball team composed of rural girls. From the synopsis of the plot, it may be a very inspirational story.

It is worth noting that this time the screenwriting team is not the fixed screenwriting lineup of Happy Twist in the past. One of the screenwriters, Saki Rengui’s past works, are mostly short films with realistic themes.

I wonder if this movie will eventually be an original "happy twist" work, or will it become its transformation work?

"The Boy Who Disappeared in the Old Street"

When "The Boy Who Disappeared in the Old Street" was announced, more viewers may be concerned about the luxury producer group composed of Du Qifeng, Liu Guochang, You Naihai and Zhu Shuyi.

But with the explosion, it may be possible to refocus on this film starring Rong Zishan.

It is understood that the film has been completed, and it was originally planned to meet the audience this year. I don’t know what arrangements will be made in the future.

"When Love"

Let the audience know the female director – Su Lun.

After two years, the new work "When Love" has finally been approved.

From the filing unit, it seems that this time Su Lun did not cooperate with Xu Zheng again, but chose to cooperate with Chen Zhixi, the producer of "Animal World".

At the same time, it can be seen from Tianyancha that the two also jointly founded Sweet Orange Films. I wonder what chemical effects will there be when these two female filmmakers cooperate?

From the perspective of the film’s synopsis, this "When Love", like its predecessor, will still be a female-oriented emotional film.

"Behind the Scenes Winner"

After the "embarrassing" series, Xu Zheng wants to create a "behind-the-scenes" series?

Written by director Ren Pengyuan, "Behind the Scenes Winner" tells the story: Chen Zhijian, as Chief Sales Officer, participates in a business bid, but accidentally falls in love with the female director of a rival company. At the same time, other competitors are also eager. In the face of career and love, he will know where to go.

The most anticipated thing is that this new "behind-the-scenes winner" will continue to feature Xu Zheng as the male lead?

"Goldfinger."

After "Peerless" won both the market and word of mouth, Zhuang Wenqiang finally brought a new work – "Goldfinger".

The story tells that in the 1980s, the Hong Kong-listed company Gali Group went from rise to liquidation in a few years, and its chairperson Cheng Yiyan turned from a shareholder idol to a rat crossing the street. The Independent Commission Against Corruption investigated across borders, evaporating tens of billions of market value, 15 years of investigation, 200 million litigation fees, the entire upper class, and several murders, uncovering the dark scene of the business stage in the British colonial era.

In recent years, anti-corruption works have been well received by the creative market, and the box office of the ICAC series "Anti-Corruption Storm" has been higher than that of the other films. Mak Zhaohui, who co-created "Infernal Affairs" and "Eavesdropping", also directed similar films.

This time, Zhuang Wenqiang also followed in the footsteps of Mak Zhaohui and joined the creation of the ICAC-themed film.

"The Legend of the Condor Hero: Nine Yin and White Bone Claw"

The news that Media Asia Pictures plans to shoot "The Legend of the Condor Hero" has been announced since 2017.

After the changes in the film industry’s internal senior management, the director was also replaced by Zhou Xianyang from the previous Chen Jia, but there was still no progress.

This time, this version of the movie was officially announced to the public, but in this story, the familiar Huang Rong and Guo Jing are no longer the focus, but Mei Chaofeng and Huang Yaoshi are the protagonists, creating a new way and attracting expectations.

"The Shadow Stealer"

The novel The Shadow Stealer is the masterpiece of French writer Marc Levy.

As early as 2016, when he came to China to promote his work, he held a conversation with producer Huang Bin, screenwriter Shi Hang, and others.

At the event, Mr. Huang announced that he was adapting the film, "The Shadow Stealer," which was originally scheduled for release in 2018 and was rumored to feature Mr. Huang and Ms. Zhao.

After many years, this work has not been seen with the audience. After successfully running the movie "The Best of Us", Huang Bin finally put the "Shadow Stealer" project on the itinerary.

How can he localize this French novel and adapt it into a Chinese story? We will wait and see.

In addition, Li Ruijun, the director of "Home in a Plenty of Water and Grass" and "Passing by the Future", has directed the new film "Hidden in Dust and Smoke";

"A Week of Friends" directed by the team of the movie "A Story More Sad Than Sadness";

The movie "First Close Contact" adapted from the novel of the same name by the ruffian Cai and the new work "From 1984" launched by Ning Hao’s "Bad Monkey 72 Movie Project" are also worthy of attention and expectation.

The 10,000th production car is off the assembly line. Why did Geely Galaxy L7 become a hit？

　　In the new energy track, every brand aspires to become the market leader, although this road is a bit difficult. However, in recent years, with the unremitting efforts of its own brands, the ceiling is being pierced, and some high-quality models are gradually beginning to reap the fruits of success.

　　The latest representative model is the Geely Galaxy L7.

The 10,000th production car off the assembly line, what makes Geely Galaxy L7 a hit? _fororder_image001

　　On July 3, Geely Automobile announced that the 10,000th unit of Geely Galaxy L7, the first smart electric hybrid product of the "Geely Galaxy" series, was officially rolled off the production line at the Baoji factory. At present, the order of Geely Galaxy L7 has exceeded 10,000. Since the launch of Geely Galaxy L7 on May 31, it has quickly opened the market in 33 days, from "0" to "10,000". Geely Galaxy L7 represents the new force of Geely’s new energy transformation, and staged a new "Galaxy Speed" on the smart electric hybrid SUV track. It also fully demonstrates Geely’s world-leading intelligent manufacturing system, the technical strength of the whole system, and the ability to change channels that resonate with products.

　　What makes Geely Galaxy L7 a hit?

　　Geely Galaxy L7 is the first product after the launch of the Galaxy product series. Now the market order is very hot. In such a market, how can it become an instant hit?

　　"Geely Galaxy L7 has won the hearts of users with higher value product experience + more sincere product prices." Lin Jie, senior vice president of Geely Automobile Group, said that Geely Galaxy L7 specializes in user pain points.

　　The ultimate quality is Geely Galaxy’s practice of "only making high-value new energy vehicles". As an important symbol of Geely Automobile’s comprehensive new energy transformation and the most critical card to promote Geely Automobile’s rapid realization of new energy transformation, Geely adopted the strategy of technology ALL IN at the beginning of the birth of Geely Galaxy L7. Raytheon Hybrid 8848, SHIELD Battery Safety System, Xingrui Smart Computing Center, the new car operating system Galaxy N OS, e-CMA Global Modular Architecture and many other cutting-edge new energy technologies developed by Geely with huge R & D costs have all empowered Geely Galaxy L7. With the support of Geely’s entire system of technical strength, Geely Galaxy L7 has achieved the fastest 6.9s zero-hundred acceleration in the same class, the lowest 5.23L/100km power loss fuel consumption in the WLTC class (NEDC 4.4L/100km), the longest 1370km comprehensive battery life in the same class, and a series of industry-leading safety, technology and comfort standards, establishing a benchmark image in the market as "a new generation of technology electric hybrid SUV safety leader".

The 10,000th production car off the assembly line, what makes Geely Galaxy L7 a hit? _fororder_image002

　　Geely Galaxy L7, which is committed to creating a new generation of quality travel experience, is allowing more people to enjoy the quality and strength of the new generation of electric hybrid SUVs. But this high value does not need users to look up to. Priced in the range of 138,700 yuan to 173,700 yuan, Geely Galaxy L7, with the sincerity of "high value popularizer", leads users into the era of electric hybrid that does not need to be settled.

　　"Product + Channel" Resonance creates a new service experience

　　In addition to product innovation, fully meeting the needs of users, and achieving one step in place, Geely also realized that the resonance between channels and products can accelerate the surge. In early June this year, Geely Galaxy opened 225 exclusive stores at the same time, bringing users a more textured and warmer car buying and use experience with a new channel ecosystem and new service standards. It is expected that this year, Geely Galaxy will achieve a channel scale of 650-700 exclusive stores nationwide.　

The 10,000th production car off the assembly line, what makes Geely Galaxy L7 a hit? _fororder_image003

　　Every Geely Galaxy store is a "third living space" that brings together trendy technology and fun of life, making it more convenient for users to buy cars, the service experience exceeds expectations, and is smarter and more user-friendly.

　　Users don’t have to go out of town or compare prices when looking at and buying a car. They can not only drive the new car home after eating and shopping, but also bring friends to the store for a break. From a geographical perspective, the new stores are fully close to the core business district and life circle of the user’s living radius, and the car buying experience has achieved a more transparent process and a more unified service standard.

　　"In order to serve and support our users with real money, Geely Galaxy must make user satisfaction a standard." Lin Jie said that delivery is only the starting point, and user satisfaction throughout the whole cycle of car use is the ultimate goal of Geely Galaxy L7. At the first batch of car owners’ delivery conference in June, Geely released the "Geely Galaxy Five Service Commitments". Geely Galaxy will work with all Geely Galaxy authorized dealer partners across the country to achieve honest management, professional reception, price transparency, sincere service, and quality assurance, so that every user can get a service experience that exceeds expectations in Geely Galaxy stores.

　　With the gradual implementation of Geely Galaxy’s new technologies, new products, new channels and new services, the new generation of quality travel experience led by Geely Galaxy will satisfy more users’ beautiful imagination about future travel. (Geely Galaxy, photo provided)

100,000-class SUV king explodes! Is the wheelbase of this Geely 2.0T new car comparable to Highlander？

Recently, according to the latest declaration information given by the Ministry of Industry and Information Technology, Geely Haoyue L completed the declaration. The new car has made great changes in appearance, and the brand-new air intake grille is more domineering; In terms of power, a brand-new 2.0T engine has been installed. Compared with the 1.8T engine of the current Haoyue model, the maximum output power has been improved.

It is worth mentioning that, according to the information of the declaration map, it is possible that the new car will be named-Haoyue L, and 7-seat layout is available.

Learn about new cars in one minute:

1. The straight waterfall air intake grille is domineering.

2. The wheelbase and body size are further increased.

3. The maximum power of refitting 2.0T engine is 160kW.

Geely Haoyue L hasn’t changed much in appearance, but it has become more masculine and tough with the new style grille and the blessing of the back surround.

The front face of the new car adopts a brand-new straight waterfall air intake grille, and the internal details are decorated with several thick chrome trim strips; The upper part of the front middle net is connected with the slender headlights on both sides with a thick decorative strip, which makes the whole front face of the new car simpler, and highlights its domineering side with the blessing of the thick chrome decorative strip.

Coming to the side of the car body, the car body part follows the simple design style of the current model Geely Haoyue, and the depression treatment camp at the wheel eyebrow creates a certain sense of strength for it.

The tail is designed with a penetrating taillight. Compared with the Geely Haoyue model, which uses a horizontal chrome trim to create a visual illusion of false penetration, this time Haoyue L brings a real penetrating design, which is connected by light strips and is more recognizable. At the same time, it also changed into a brand-new rear enclosure style, adopted the exhaust layout of both sides, and the thick exhaust decorative strip further strengthened its tough image.

It is worth mentioning that the tail logo of the new car is "Haoyue L", and it is expected that the new car will be named Geely Haoyue L.

Since the logo of "L" is added, the body size of the new car will inevitably change. According to the application information given by the Ministry of Industry and Information Technology, the long height of the new car is 4860*1910*1770(1840)mm and the wheelbase is 2825mm. Compared with Geely Haoyue, the body size and wheelbase have been significantly improved, and it is expected to be reflected in space.

In terms of power, Geely Haoyue L is equipped with a 2.0T engine, and the most intuitive change is reflected in the power. Compared with Geely Haoyue’s 1.8T engine, the maximum power is increased by 25kW (160kW).

According to the engine model JLH-4G20TDJ, it can be known that this engine is consistent with the 2.0T engine on Geely Xingyue L, which means that Geely Haoyue L will probably use the same power system, and it is expected that the traditional system will be equipped with a 7DCT wet dual-clutch gearbox.

Geely Haoyue L Positioning is a medium-sized SUV. According to Geely Haoyue’s guide price range of 10.36-14.26 million yuan, the competing products it faces will be Chery Tiggo 8 PLUS, Ford Lingrui and other models.

Chery Automobile-Tiggo 8 PLUS

Guide price: 124,900-169,900 yuan.

Jiangling Ford-Lingrui

Guide price: 139,800-169,800 yuan.

Emgrand L, Bo Yue L, Xing Yue L … No matter which model, in recent years, Geely Automobile has been continuously optimizing and perfecting its own product system to enhance its comprehensive competitiveness through the "plus L" treatment. Geely Haoyue L is no exception, through a more refined appearance and equipped with a more mature and advanced powertrain, to enhance its competitive advantage. It is simple, but useful, to use all available resources to enhance one’s own advantages!

Behind the ＂Yin＂ Huawei’s HSBC is unreliable. There is a precedent for leaking customer information.

　　On June 24th, Ren Zhengfei, the founder of Huawei, said in an exclusive interview with the Financial Times that HSBC knew about SKYCOM and its business in Iran from the beginning, and also knew about SKYCOM’s relationship with Huawei. It is impossible for a bank to legally say that it has been cheated and doesn’t know about this matter. The evidence is all there, and this is inescapable. "HSBC has stopped all our trading cooperation, not us." Ren Zhengfei said.

　　The evidence against Meng Wanzhou in the United States is a PPT. What does Ren Zhengfei think of how the United States got this PPT? On June 27th, Ren Zhengfei said in an interview with Canada’s Globe and Mail that because Skycom had been in contact with Huawei from beginning to end during the trade with Iran, the bank knew about Skycom’s business in Iran and its relationship with Huawei. After several years of operation, they invited Meng Wanzhou to a coffee shop. When having coffee, Meng Wanzhou gave some PPT, which was not misleading. "Why did the bank take these PPT? We don’t know, I hope that after the trial of the Eastern District Court of new york is completed, we can be more clear. " Ren Zhengfei said.

　　According to the Global Times, in February this year, Reuters reported that HSBC had obtained a material for the US Department of Justice to sue Huawei through an "internal investigation", which helped the US Department of Justice Luo Zhi with the "crime" of attacking Huawei, and eventually led to the arrest of Huawei executives in Canada.

　　Shen Yi, an associate professor in the Department of International Politics of Fudan University, said that if the foreign media reports are true, the role played by HSBC in this matter is indeed very problematic. Such banks and financial institutions are unreliable and unreliable in a sense.

　　An expert who wishes to remain anonymous said that the essence of this case is that HSBC cooperated with the "long-arm jurisdiction" of the U.S. government, and transferred the personnel and data located in China overseas without the permission of the China government for the cross-border investigation and evidence collection of Huawei by the U.S. Department of Justice.

　　It is reported that HSBC is one of the largest banking and financial services institutions in the world. Founded in Hong Kong and Shanghai in 1865, HSBC is a founding member of HSBC Group and its flagship in the Asia-Pacific region. In 1991, HSBC established a new holding company — — HSBC Holdings Limited, and in 1992, it completely acquired Midland Bank. Subsequently, HSBC will be headquartered in London.

　　HSBC will pay a fine of $1.9 billion to the United States on money laundering charges. On December 11, 2012, HSBC announced that it had reached a settlement agreement with the US government, and would pay a sky-high fine of $1.921 billion for the bank’s ineffective prevention of money laundering.

　　HSBC’s image has been damaged in recent years. In November 2014, HSBC was fined $618 million by the UK Financial Conduct Authority and the US Commodity Futures Trading Commission for manipulating the global foreign exchange market. In February 2015, HSBC was once again caught in a scandal because it helped customers evade taxes. According to a survey by the American Association of International Investigative Journalists, from 2005 to 2007, HSBC Switzerland Branch helped 100,000 heavyweight customers to avoid taxes and hide assets as high as hundreds of billions of dollars.

　　It is worth noting that HSBC has exposed four major incidents of leaking customer information. On April 26th, 2008, the server of Kwun Tong Branch of Hongkong and Shanghai Banking Corporation was stolen during the renovation, and nearly 160,000 customer data were lost. In July, 2008, HSBC said that it lost an encoded digital audio tape, which recorded the telephone conversation between the bank and its customers, and was a backup tape containing 25,000 telephone conversations. On April 13, 2010, the French prosecutor said that 127,000 accounts of 79,000 customers of HSBC were leaked and exposed. Jelf farsi Yani, a former IT consultant of HSBC Private Bank, a Swiss subsidiary of HSBC, was accused of stealing the data of tens of thousands of bank customers from the end of 2006 to the beginning of 2007. In 2018, HSBC was exposed that its customer accounts were attacked from October 4 to October 14, and the personal information of about 1% American customers was leaked.

　　HSBC Bank (China) Co., Ltd. (hereinafter referred to as "HSBC China") officially opened on April 2, 2007. Headquartered in Shanghai, it is a locally registered foreign-funded corporate bank wholly owned by HSBC.

　　In March this year, HSBC China Wuhan Branch violated the law and regulations by not using the specified subjects in the paper payment form. According to Article 41 of the Administrative Measures for Commercial Banks and Credit Cooperatives’ Acting Treasury Business, the Business Management Department of Wuhan Branch of the People’s Bank of China imposed a fine of RMB 1000 yuan.

　　In May this year, the post-event management of independent payment of HSBC China loan seriously violated prudent business rules, and part of credit card funds were used for non-consumption areas, which resulted in a fine of 1 million yuan.

　　Foreign media said that HSBC helped the US government "engage" Huawei in order to get rid of the crime.

　　According to the Global Times, recently, the Financial Times revealed that HSBC, which was targeted by the US Department of Justice for a series of problems such as money laundering and violation of the sanctions bill, agreed to "cooperate" with the investigation of the US Department of Justice in other cases in order to escape punishment. Huawei in China became the victim of this "cooperation", which eventually led to the arrest of Huawei executives. The Financial Times report also revealed that HSBC had explained to China earlier this year that it was "forced".

　　Regarding the role of HSBC in the case involving Huawei, Reuters, UK, had a detailed round of reports in February this year. According to Reuters’s report at that time, HSBC began to "cooperate" with the "investigation" initiated by the U.S. Department of Justice against Huawei from the end of 2016 to 2017, in exchange for the U.S. Department of Justice’s forgiveness for HSBC, because HSBC itself was involved in other cases that violated the U.S. sanctions ban.

　　Reuters said that through "internal investigation", HSBC helped the U.S. Department of Justice to obtain a material that could be used to sue Huawei, which helped the U.S. Department of Justice Luo Zhi to "accuse" Huawei, and eventually led to the arrest of Huawei executives in Canada.

　　The executive of Huawei, who is now detained by the Canadian government, communicated face to face with an executive of HSBC, saying that Huawei did not have any non-compliance and provided the HSBC executive with a PPT document to explain the situation. But what Huawei didn’t expect was that in 2017, when HSBC faced a lawsuit from the U.S. Department of Justice for its alleged illegal behavior, in exchange for forgiveness from the U.S. Department of Justice, HSBC handed over the PPT to the U.S. Department of Justice, which had been trying to bring down Huawei in the past few years, and ended its cooperative relationship with Huawei.

　　Judging from Reuters’s report and the indictment of the US government against Huawei, such a small PPT file was quickly used by the US Department of Justice as the "core" basis for suing Huawei and arresting the Huawei executive last year. HSBC has also been described by the U.S. Department of Justice as a "victim" of fraud by the Huawei executive and her PPT. Reuters also revealed that HSBC has never been sued by the US government for other cases involved.

　　The Financial Times also revealed some information that Reuters didn’t mention. For example, HSBC was targeted by the US Department of Justice as early as 2012 for laundering money for Mexican drug lords. At that time, in addition to paying a huge fine of $1.9 billion, the US Department of Justice also sent a group of "monitors" to HSBC to review its business. Insiders of HSBC said that their explanation at that time was that because the US government sent monitors to HSBC and a team of 200-400 people could get all the information of the bank at any time, it was impossible for HSBC to resist the request and investigation of the US Department of Justice.

　　Ren Zhengfei: HSBC knows about Skycom’s relationship with Huawei.

　　Recently, Huawei Heartfelt Community announced the minutes of Ren Zhengfei’s interview with the Financial Times and the Canadian Globe and Mail.

　　James Kynge, a reporter from the Financial Times, asked: Recently, hearing about the cooperation between HSBC and the US government will bring great difficulties to Huawei. What do you think of the future cooperation between Huawei and HSBC?

　　Ren Zhengfei: First of all, HSBC has long stopped its cooperation with Huawei.

　　Second, Meng Wanzhou has no criminal facts. This bank knew about SKYCOM and its business in Iran from the very beginning, and also knew about SKYCOM’s relationship with Huawei. The mail can prove that there are shipping marks in the mail, and it is impossible for the bank to legally say that it was cheated and didn’t know about this matter. The evidence is all there, which cannot be relied on. Meng Wanzhou said a word while drinking coffee in the coffee shop, which can’t be the evidence of Meng Wanzhou’s crime. It’s just that during the long-term transaction with Iran from beginning to end for many years, she intervened to have a coffee in the coffee shop and said a word, there is no crime. American courts can investigate prosecutors, who report crimes in Meng Wanzhou. Where are the facts?

　　Under the current circumstances, we should first clarify the process of Meng Wanzhou’s incident and show all the evidence. Moreover, Meng Wanzhou has not committed a crime in Canada, and Canada has violated the law in law enforcement procedures. Canada is a country ruled by law, so it should give up its violation of constitutional rights and not fall on the side of the United States. If people don’t believe that Canada is a country ruled by law, it will have a greater impact on its image.

　　We have always trusted western countries ruled by law, focusing on facts and evidence. First of all, there must be facts and evidence to judge whether this person is wrong. Of course, this will not affect our cooperation with other banks in the future. After this link is solved, everyone will still cooperate. World finance is an integrated system.

　　"Financial Times" reporter Huang Shulin asked: HSBC does not cooperate with Huawei. Did they give you an explanation?

　　Ren Zhengfei: HSBC has stopped all our trading cooperation, not us. They didn’t explain, that is, they wouldn’t provide us with services, so we would cooperate with other banks.

　　Huang Shulin: Do you think this treatment is fair? If these problems are solved, will you continue to cooperate with HSBC in the future?

　　Ren Zhengfei: There is no word "fairness" in this world. It is all about strength. We have the strength to solve the problem and don’t care how the other party treats us. Now is not the time to discuss cooperation. The most important thing is to finish the lawsuit first.

　　A reporter from Canada’s Globe and Mail asked: What do you think of how the United States got this PPT? Is it through legal channels? Do you think this PPT can be presented to the court as evidence?

　　Ren Zhengfei: Because during the trade between Skycom and Iran, this bank has been in contact with Huawei from beginning to end. It knows Skycom’s business in Iran and its relationship with Huawei. After several years of operation, they invited Meng Wanzhou to a coffee shop. When having coffee, Meng Wanzhou gave some PPT, which was not misleading. Why did the bank take these PPT away? We don’t know. I hope we can know more after the trial in new york Eastern District Court.

　　HSBC paid a fine of $1.9 billion to the United States for money laundering charges.

　　According to Xinhua News Agency, on December 11, 2012, HSBC Holdings, the largest bank in Europe, issued a statement saying that it had reached an agreement with relevant US institutions to pay a total fine of 1.921 billion US dollars, of which a record 1.256 billion was a fine for delaying prosecution agreement and 665 million was a civil fine.

　　Ou Zhihua, president of HSBC, said in a statement that HSBC "admitted responsibility for past mistakes" and once again "deeply apologized".

　　According to the deferred prosecution agreement, the prosecution allows the sued party to avoid prosecution under certain conditions, including paying a fine or being punished, and promising to make specific reforms under the supervision and guidance.

　　HSBC said it had spent $290 million to improve its money laundering prevention mechanism and recovered some bonuses previously won by senior executives. The statement also said that HSBC expects to sign a letter of commitment with the UK Financial Services Authority on money laundering soon.

　　In July, 2013, china securities journal reported that Reuters reported on the 3rd that John Grayson, a judge of Brooklyn District Court in new york, USA, approved the settlement agreement reached between HSBC and the US government on the investigation of not fully complying with the anti-money laundering and sanctions laws. According to this agreement, HSBC will pay 1.92 billion US dollars in fines and compensation. The fine of $1.92 billion is by far the largest fine issued by the US regulatory authorities to banks.

　　According to the report, in addition to paying fines, there are other conditions to be met. As part of the agreement, HSBC also needs to restrain the bonuses of bank executives in order to comply with relevant regulations. In addition, HSBC will face up to five years of court supervision.

　　Previously, in July 2012, the US Senate issued an investigation report saying that HSBC had become the "preferred financial institution" for drug dealers, money launderers and other criminals in Mexico and Colombia, and it ignored the US sanctions against Iran, Myanmar, Cuba, Libya and Sudan and illegally transferred funds for customers in these countries.

　　HSBC’s image has been damaged in recent years: helping customers evade taxes and getting caught in a scandal.

　　According to China News Service, the image of HSBC has been damaged in recent years. In November 2014, HSBC was fined $618 million by the UK Financial Conduct Authority and the US Commodity Futures Trading Commission for manipulating the global foreign exchange market.

　　In February 2015, HSBC was once again caught in a scandal because it helped customers evade taxes. According to a survey by the American Association of International Investigative Journalists, from 2005 to 2007, HSBC Switzerland Branch helped 100,000 heavyweight customers to avoid taxes and hide assets as high as hundreds of billions of dollars.

　　According to the People’s Daily, the BBC reported on February 9, 2015 that HSBC, the largest bank in the UK, has done everything possible to help wealthy depositors hide their real assets from the British government in the past few years, with tax evasion amounting to hundreds of millions of pounds. Analysts pointed out that if acts such as helping depositors evade taxes are proved to be true, then HSBC will become a terrible "tax haven" and its reputation and prestige will be dealt a heavy blow.

　　Some analysts believe that the lack of financial supervision, the decline of professional ethics and the numbness of social responsibility are several key factors that cannot be ignored.

　　HSBC’s alleged behavior of helping depositors evade taxes has been strongly criticized by the media and public opinion. Brooks, the author of "Tax Robbery", pointed out, "I think HSBC is a tax avoidance and tax evasion company, and I think they are providing such services".

　　Since then, Guangming Daily reported on February 26, 2015 that two top executives of HSBC recently apologized here for the "improper" practice of their Swiss private banks to help customers avoid taxes. Stuart Gulliver, CEO of HSBC Group, and Douglas Flint, Chairman of HSBC Group, said when questioned by the Parliamentary Finance Committee in the British Parliament that this move damaged people’s "trust and confidence" in HSBC Group, and he was ashamed of it and would "take corresponding responsibility". However, he also accused those in the management of HSBC Swiss Bank who stole and leaked customer information of "great sin".

　　HSBC has exposed four major incidents of leaking customer information. Engineers turned into "data thieves"

　　According to Southern Metropolis Daily, on April 26th, 2008, the server of Kwun Tong Branch of Hongkong and Shanghai Banking Corporation was stolen, and nearly 160,000 customer data were lost. Under the pressure of public opinion, the Hong Kong Monetary Authority requires banks to take remedial measures and submit detailed reports. Zheng Haiquan, chairman of HSBC Asia Pacific, apologized for the loss of customer information, but he said that it was a theft and HSBC itself was a victim, but the bank would still be responsible. Zheng Haiquan said that he would review the bank’s security measures.

　　According to Economic Observer, on July 4, 2008, HSBC issued a notice and found that it had lost an encoded digital audio tape, which recorded the telephone conversation between the bank and its customers. According to reports, the incident originated from the service center of HSBC Guangzhou Group. On June 17, the courier company was entrusted to transport a total of 55 tapes to Hong Kong, but only 54 tapes were delivered to the Hong Kong office of the bank. The unrecovered audio tape is a backup tape containing 25,000 telephone conversations, which recorded the telephone conversations between the bank and customers and callers from April 18 to 24, 2008. Most of the contents involved credit card service inquiries, calls related to business online wealth management services for industrial and commercial customers, and calls made by the bank to customers.

　　According to Agence France-Presse, on April 13, 2010, the French prosecutor said that 127,000 accounts of 79,000 customers of HSBC were leaked and exposed, which means that more people may be prosecuted by the tax bureau of their own country for alleged tax evasion. Jelf farsi Yani, a former IT consultant of HSBC Private Bank, a Swiss subsidiary of HSBC, was accused of stealing the data of tens of thousands of bank customers from the end of 2006 to the beginning of 2007.

　　Jelf Fasiani changed from a security engineer to a "data thief". He was born in Monaco and has a degree in computer programming. In 2000, at the age of 28, he entered the IT department of HSBC and wrote security software for the bank. Six years later, he was transferred to the Geneva headquarters of HSBC Private Bank in Switzerland, responsible for the system security of the database. In 2008, this system security engineer, who has always performed well, unexpectedly "ran away" from the headquarters building of HSBC with 130,000 "top secret" customer information. In 2013, according to Jinling Evening News, at the trial of Spanish National Court in 2013, Jelf Fasiani defended himself, saying that banks were corrupt, and they condoned tax evasion, and sometimes even helped customers to launder money. He admitted that he had tried to expose HSBC’s "misconduct" to the Swiss government.

　　Jelf Fasiani told the media, "I grew up in Monaco, where people wanted to work in financial institutions. When I was young, I thought that banks were places to protect the property of the upright. But at HSBC, I found that everything is completely another matter. "

　　In November 2018, according to the China Business News, it was revealed that HSBC’s customer accounts were attacked from October 4 to October 14, and the personal information of about 1% American customers was leaked. According to foreign media reports, on November 8, HSBC announced that its customer accounts were attacked from October 4 to October 14, and about 1% of American customers’ names, birth dates, telephone numbers, email addresses and other information were leaked. According to HSBC, the hacking incident was caused by a login voucher attack, that is, hackers invaded HSBC accounts through personal information of customers obtained from other sources. In response, HSBC suspended online access to some accounts. At the same time, additional security protection is added to the authentication process of personal online banking platform to protect its customers from future attacks.

Xiaomi’s performance in the third quarter returned to growth, ＂the whole ecology of people and cars＂ painted a new blueprint.

On November 20, Xiaomi handed over the first performance answer sheet after announcing the strategy of "people, cars and homes are all ecological".

In the third quarter of 2023, Xiaomi Group’s revenue was 70.9 billion yuan, achieving the first year-on-year growth in six quarters. The adjusted net profit was 6 billion yuan, up 182.9% year-on-year, setting a new high in the past two years.

The business strategy of "paying equal attention to scale and profit" has continued to land, and the high-end has made steady progress, making Xiaomi the first to pick up in the consumer electronics industry. With the announcement of the new strategy of "people, cars and homes are all ecological", Xiaomi is entering a new stage of development.

After six quarters, it returned to growth and the gross profit margin reached a new high.

The operating performance of Xiaomi in the third quarter continued the momentum of continuous recovery since 2023.

In terms of revenue, Xiaomi’s revenue in the third quarter was 70.9 billion yuan, a slight increase of 0.6% year-on-year and 5.3% quarter-on-quarter, and it resumed growth for the first time in six quarters. In terms of profitability, the adjusted net profit in the third quarter reached 6 billion yuan, up 182.9% year-on-year, and the gross profit margin reached 22.7%, which increased for four consecutive quarters and reached a new high.

The business strategy of "paying equal attention to scale and profit" put forward by Xiaomi at the beginning of the year has been further implemented. In addition to the Group’s record high gross profit margin, the gross profit margin of all business segments has also maintained growth. Among them, the gross profit margin of smartphone business reached 16.6%, up 7.7 percentage points year-on-year, the gross profit margin of IoT and consumer products business reached 17.8%, up 4.3 percentage points year-on-year, and the gross profit margin of Internet business reached 74.4%, up 2.3 percentage points year-on-year.

While improving profitability, Xiaomi’s shipments and user scale have also grown steadily.

On the mobile phone side, with the slowdown in the global smartphone market, Xiaomi took the lead in picking up. According to market research firm Canalys, the shipment of millet in the third quarter of 2023 increased by 2% year-on-year, and its market share was the same as that of the same period last year. In Chinese mainland, Europe, Latin America, Africa, the Middle East and other major markets, the market share of Xiaomi smartphones has increased.

In terms of household appliances and IoT products, the market size of Xiaomi has also steadily increased. According to data from Aowei Cloud, Xiaomi TV ranked first in Chinese mainland in the third quarter, and refrigerator shipments also increased by 95%. Canalys data shows that in the third quarter, the shipment of millet flat products increased by 120% year-on-year, and entered the top five in the world for the first time.

The extensive layout of the global market has enabled the scale of Xiaomi’s Internet business to continue to grow. In the third quarter, the number of monthly active users of MIUI worldwide reached 623 million, up 10.5% year-on-year, and the income from Internet business reached 7.8 billion yuan, a record high, up 9.7% year-on-year. In particular, Xiaomi’s overseas Internet business income reached 2.3 billion yuan, a year-on-year increase of 35.8%, and its share in Internet business income increased to 30%.

The high-end capability has stabilized, and the sales volume of Xiaomi 14 series has reached a record.

The recovery of performance and the improvement of profitability are closely related to the progress made in Xiaomi’s high-end strategy.

One week before the financial report was released, Xiaomi announced in the official Weibo that the omni-channel payment amount of "double 11" Xiaomi reached a new high of 22.4 billion in 2023. Goldman Sachs pointed out in a research report that Xiaomi Double 11GMV increased by 32% year-on-year, thanks to the strong performance of Xiaomi 14 series, comprehensive product portfolio and rising average selling price.

As the latest high-end model of Xiaomi, the performance of Xiaomi 14 series is really surprising. During the period of double 11, Xiaomi 14 ranked first among domestic mobile phone brands in the price range of 4,000-6,000 yuan in JD.COM and Pinduoduo, and also took the lead in domestic mobile phone sales in Tmall and Tik Tok. Information from the supply chain shows that since the first sale, the sales volume of Xiaomi 14 series has reached 1,447,400 units within 10 days, setting a sales record for Xiaomi’s high-end flagship.

Since the launch of Xiaomi 12S series in July 2022, Xiaomi’s performance in the high-end market has become more and more stable.

In terms of word-of-mouth, six series of high-end models, such as Xiaomi 12S Ultra, Xiaomi MIX Fold2, Xiaomi 13 Series, Xiaomi 13Ultra, Xiaomi MIX Fold3 and Xiaomi 14 Series, all achieved a favorable rating of over 99% on the JD.COM platform in the first month of release. In terms of sales volume, third-party data show that in the second quarter of 2023, the proportion of Xiaomi’s shipments in the smart phone market of 3,000 yuan and above in Chinese mainland increased to 20.1%, which increased year-on-year for four consecutive quarters. The market share in the price segment of 4,000-6,000 yuan increased by 6.2 percentage points year-on-year to 12.7%, and the smartphone ASP in Chinese mainland increased by over 24% year-on-year.

While the high-end market continues to break through, Xiaomi’s R&D and innovation capabilities continue to improve. Taking Xiaomi 14 series as an example, the core components such as image sensors and screens are all equipped with products independently developed by Xiaomi and jointly developed with domestic supply chains, and the parameters and experience have reached or even exceeded the iPhone15Pro.

For example, the "Light Hunter 900" image sensor, which debuted for the first time, has a specification of 1/1.3 inch. From the actual performance, the light input of Xiaomi 14 is 20% higher than that of iPhone 15 Pro, and Xiaomi 14 Pro is 52% higher. On the screen side, the C8 material jointly developed by Xiaomi and Huaxing Optoelectronics has achieved the highest peak brightness of 3000nit in the industry. On Xiaomi 14Pro, Xiaomi also adopted the first full-depth micro-curved screen, which realized the continuous same bending radius at four sides and four corners, making the curved screen visually close to the straight screen.

R&D and innovation have created a better user experience for high-end products. With the help of Xiaomi 14 series, the share of Xiaomi in China smart phone market reached 21.9% in 2023W44(10.30-11.5), ranking the highest among domestic mobile phones.

The strong market performance of high-end machines has provided more ammunition for research and development. Such a virtuous circle has continuously consolidated the base of Xiaomi’s high-end strategy. In 2022, Xiaomi invested 16.2 billion yuan in R&D, equivalent to 0.53% of the total investment in R&D in China. According to the data disclosed in the financial report, in the third quarter of 2023, Xiaomi’s R&D expenditure was 5 billion yuan, a year-on-year increase of 22%. By September 30, 2023, Xiaomi had 17,563 R&D personnel, accounting for over 53%.

With the development of ecology, the territory of "people, cars and homes are all ecological" is formed.

While the high-end capability has stabilized, the ecological map of Xiaomi has also been expanding. According to the financial report data, as of September 2023, the number of IoT devices (excluding smartphones, tablets and laptops) connected to Xiaomi AIoT platform reached 699 million, up 25.2% year-on-year, and the number of monthly users of Mijia APP increased by 16% year-on-year, reaching 84 million.

With the release of Xiaomi 澎湃 OS in October, Xiaomi’s group strategy was officially upgraded to "the whole ecology of people and cars". Thanks to the long-term deep cultivation in the field of mobile phones and IoT, Xiaomi 澎湃 OS has integrated more than 200 categories, covered more than 95% of life scenes and connected 820 million devices since its birth, becoming the first operating system covering "the whole ecology of people, cars and homes".

Subsequently, Xiaomi announced the comprehensive opening-up plan of IoT eco-partners, and helped smart eco-partners, whole-house industry practitioners and individual developers to quickly join Xiaomi’s IoT ecosystem through Vela open source and the release of Xiaomi’s surging technology brands. At present, there are more than 9,000 Xiaomi IoT partners.

On October 15th, two products of Xiaomi Automobile appeared in the Announcement of Road Motor Vehicle Manufacturers and Products (the 377th batch) issued by the Ministry of Industry and Information Technology. According to the plan, Xiaomi Automobile will be mass-produced in the first half of 2024. This also means that Xiaomi’s "all-ecological" map is infinitely close to the closed loop.

The upgrade from "mobile phone X AIoT" to "the whole ecology of people, cars and homes" means that Xiaomi’s coverage of users’ life scenes is further improved. In Xiaomi’s ecological map, the mobile phone is still the central device and computing center of the whole scene in series, and Xiaomi 澎湃 OS ensures the cross-end connectivity and experience consistency. As Lei Jun, founder, chairman and CEO of Xiaomi Group, said, it will be "the public base of the Internet of Everything".

The capital market responded positively to the new blueprint described by Xiaomi. Since October, Xiaomi’s share price has rebounded strongly, up about 50% from the beginning of the year.

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