Original Rao Xiangyu titanium media

▎ Global mobile phone shipments are expected to increase by 5% in 2024.

Author | Rao Xiangyu

Edit | Zhong Yi

This article first appeared in Titanium Media APP.

After the successful mass production of Huawei’s three-fold mobile phone, Mate XT Extraordinary Master, the long-lost mobile phone market ushered in a long-lost carnival.

By introducing multi-directional bending flexible materials and brand-new hinge technology, Huawei Mate XT extraordinary master can realize a variety of folding methods from single folding to triple folding, and the maximum screen size has reached 10.2 inches, making it the world’s first mass-produced three-fold mobile phone. However, judging from the public selling price from 19999 yuan, Huawei Mate XT is obviously not aimed at the mainstream mass market, but at the more lucrative high-end market.

In fact, in addition to Huawei’s three-fold mobile phone, the smart phone market in 2024 has seen more new changes compared with the previous two years when the overall sales volume declined. From technology to brand competition pattern to industry growth rate, there are obvious differences.

In the midst of change, the inherent pattern of the global smartphone market is being broken.

Xiaomi gradually got rid of the label of "diaosi machine"

Since its birth, Xiaomi has always taken "extreme cost performance" as the main advantage of mobile phone category. In the early stage of development, through the cost-effective strategic play, the shipment of Xiaomi mobile phone did grow rapidly all the way.

From 2012 to 2014, the growth rate of Xiaomi’s mobile phone sales was 22.96%, 160% and 226% respectively. According to the data released by market research organization IDC in the third quarter of 2014, Xiaomi’s market share in China is 14.8%, surpassing Samsung’s 11% and Lenovo’s 12.8%, making it the largest smartphone manufacturer in China.

However, after this model, Xiaomi mobile phone was trapped in the brand dilemma of "diaosi machine". At the same time, it also makes it difficult for Xiaomi to enter the high-end market, and it is difficult to obtain the most profitable cake in the market.

According to public statistics, with a market share of about 17%, Apple has taken away 45% of the global mobile phone revenue and 85% of the global mobile phone profits. With a market share of about 20%, Samsung took about 17% of the global revenue (28% less than Apple), and then took about 12% of the global profit (73% less than Apple), while domestic mobile phones took about 38% of the global revenue with a market share of about 60%, and finally only took about 3% of the global profit.

So at the strategic meeting of Xiaomi Group in early 2022, Lei Jun made it clear: "High-end development is the only way for Xiaomi’s growth, and it is also a life-and-death battle for Xiaomi’s development. We must not be afraid of loss or sacrifice and move forward unswervingly."

After more than two years, Xiaomi’s share in the high-end market has begun to improve.

According to the latest data of Canalys, in the second quarter, among the top five manufacturers of global mobile phone shipments in the price range of more than $600, Xiaomi increased by 71% year-on-year with its continuous demand for 14 series, and its shipments ranked fourth. In the Asia-Pacific region (excluding Greater China), the mobile phone shipments of Xiaomi in the price range above $600 increased by 564% year-on-year; In Europe, the Middle East and Africa, millet shipments in this price segment increased by 100%.

Xiaomi disclosed in the second quarter financial report that in the Chinese mainland market, the price range of Xiaomi mobile phone from 3,000 yuan to 4,000 yuan increased by 5.4 percentage points, the price range from 4,000 yuan to 5,000 yuan increased by 3.5 percentage points, and the price range from 5,000 yuan to 6,000 yuan increased by 2.3 percentage points.

HarmonyOS’s market share has steadily surpassed IOS.

In the first half of 2024, Huawei’s mobile phone business entered a comprehensive recovery.

According to IDC data, in the first half of 2024, Huawei once again ranked first in the smartphone market in China with a market share of 17.5%, and the growth rate of mobile phone shipments in the first quarter and the second quarter was 110% and 50.2% respectively, leading the industry. Although external restrictions continue to tighten, Huawei’s supply capacity continues to improve, and the gap with Apple continues to narrow in the market above 4,000 yuan.

As the mobile phone business stabilized, Huawei’s revenue and profit performance also entered the fast lane of growth. In the first half of the year, Huawei achieved sales revenue of 417.5 billion RMB, a year-on-year increase of 34.3% and a net profit margin of 13.2%. According to this calculation, Huawei’s net profit in the first half of 2024 was 55.11 billion yuan, an increase of over 18% year-on-year, which exceeded the 50 billion mark for the first time. In the first half of 2023, Huawei achieved a total sales revenue of 310.9 billion yuan, a year-on-year increase of only 3.1%.

It is worth noting that the recovery of Huawei’s mobile phone business also means that HarmonyOS’s operating system has gained a firm foothold.

In the first quarter of 2024, the market share of HarmonyOS operating system in China reached 17%, surpassing 16% of Apple’s iOS for the first time, mainly due to the decline of Apple’s mobile phone sales and the popularity of Huawei’s mobile phones. In the first half of 2024, the market share of HarmonyOS operating system in China increased to 17.2%, up 66.7% year-on-year, and it has steadily surpassed iOS, second only to Android.

The HarmonyOS operating system was officially released on August 9, 2019, which lasted for 1,778 days. After four generations, the number of ecological devices in HarmonyOS has exceeded 900 million, and 2.54 million Harmony OS developers have invested in the development of the HarmonyOS world, with 4.35 million students studying in HarmonyOS School and 82.7 billion service calls per month.

Titanium Media APP understands that the native applications in HarmonyOS have entered a full-scale sprint stage, and more than 5,000 commonly used applications have all started development. In the fourth quarter of 2024, the official version of HarmonyOS NEXT will be pushed on more models, including Mate70 series.

Driven by AI, global shipments increased by 5% in 2024.

The decline of smartphones began to appear in the first quarter of 2022.

According to the statistics of CINNO Research, the overall sales volume of the smartphone market in China dropped by more than 20% in February of that year. OPPO, vivo and Xiaomi decreased by 45.7%, 38.6% and 20.1% respectively. On May 16th, China ICT Institute released a report saying that from January to March, the total shipments of mobile phones in the domestic market were 69.346 million units, down 29.2% year-on-year.

If we pull this statistical caliber back to ten years ago, we will find that in March 2012, the domestic mobile phone market shipped 39.586 million units. This means that the overall shipment level of the domestic mobile phone industry in the first quarter has been lower than that of the same period ten years ago.

Since 2023, with the outbreak of generative AI, large models and AI have almost become the standard in the smartphone market. This trend began to boost mobile phone sales in 2024.

Canalys predicts that the penetration rate of AI mobile phones will reach 17% in 2024, and this number will further grow rapidly in 2025, reaching 30%. Among them, Apple is still the number one player in this field, accounting for 51% of the market share of AI mobile phones with a shipment scale of 18 million units in the second quarter.

On September 20th, iPhone16 will be released soon. Although the only major change of iPhone16 compared with previous models is the addition of camera control buttons, it is worth noting that Apple Intelligence will launch a beta version next month, which is suitable for new iPhones, iPad and Macs and supports American English. In December, the supported languages will be extended to localized English in Australia, Canada, New Zealand, South Africa and the United Kingdom, and Chinese, French, Japanese and Spanish will be supported next year.

It is reported that the early version of Apple Intelligence will focus on text summaries, replies in emails and other messages, and photo editing. With the launch of the official version, the new system may allow Siri to control the iPhone or iPad more accurately, including using Siri to open a single document, move notes to another folder, send or delete emails, open specific publications in Apple News, send network links through emails, and require devices to provide article abstracts.

Canalys predicts that with the blessing of Apple Intelligence service, Apple is expected to achieve further value growth, and further encourage users to purchase Pro series models through differentiation strategy. Apple’s leading product attachment rate and its advantages in chip design, software ecology and cross-device linkage are expected to help it further strengthen its existing competitive advantage.

However, in the long run, the annual growth rate of the smartphone market will gradually enter a platform period after this year’s strong rebound, and it will grow moderately with a compound annual growth rate of 2% from 2024 to 2028.

(This article first appeared in Titanium Media APP)

Zhiji automobile /SIXGOD

In November, the hard-core off-road sales list was announced, with 20 models on the list. Among them, the tank 300 was overtaken by Leopard 5 and slipped to the second place; Looking forward to the sharp decline in U8 sales, only 278 units were sold, and the performance was not satisfactory; Although Ford Fierce Horse entered the top ten of the list, its sales volume failed to break through the thousand mark. Hongqi Guoyao was even worse, and almost fell to the bottom.

Leopard 5 successfully climbed to the top, tank 300 second, new energy off-road is more popular than pure oil models?

Specifically, Equation Leopard 5 performed well, ranking first with sales of 6,058 units per month, followed by Tank 300 and Tank 400 New Energy. These two models sold 5,397 units and 5,216 units respectively, and the sales gap was very small, showing the fierce competition in the market.

Maybe some netizens will wonder why Leopard 5, whose off-road performance is relatively inferior, is more popular than Tank 300 on the hard-core off-road sales list. The price ranges of the two cars overlap. Although the Leopard 5 is a new energy vehicle, it is equipped with BYD 1.5T plug-in system, and its comprehensive cruising range is as high as 1,200 km (NEDC), which not only has no endurance anxiety but also saves fuel, and the fuel consumption of the feed is as low as 7.8L/100km(NEDC).

In contrast, the tank 300 is more suitable for pure off-road enthusiasts because of its simple and durable structure and can withstand greater impact. As can be seen from the market trendThe demand of more users is only concentrated on light off-road rather than heavy off-road, which belongs to a relatively niche market.

In addition, two models, Tank 500 New Energy and Beijing BJ40, also made it into the top five of the list, with sales reaching 4,790 units and 3,993 units respectively.

The sales of Leopard 8 and Haval H9 were both cold, and Ford Fierce Horse failed to break through 1,000 units.

The sales volume of Equation Leopard 8 is 2,463 units, which is far less popular than Leopard 5 because of its high positioning (official price: 379,800-407,800 yuan). The performance of Haval H9 is similar to that of Leopard 8, with a sales volume of 2,328 units.

From the performance of the top models on the list, it can be seen that BYD is obviously inferior to Great Wall Motor’s reputation and user base in the hard-core off-road market segment, and the latter has higher market recognition in the field of new energy.

Prado and Ford Fierce Horse are both in the middle of the list, with sales of 1,904 units and 880 units respectively, and their overall performance is average, which failed to arouse enthusiastic response in the market; The sales of Tank 700 New Energy and Haval H5 hovered around 700 units, and failed to gain a firm foothold in the market.

Looking forward to U8′ s market downturn, Hongqi Guoyao and Beijing BJ80 are both he is my brother.

It is worth noting that the market performance of high-end models looking up to U8 declined, with sales of only 278 units. At the same time, the sales of paladin and Warriors are less than 200 units, and their appeal in the current market environment is very limited.

The performance of the last three models on the list is very bleak. Among them, the territory only achieved 70 sets of sales in a single month, and Hongqi Guoyao faced more severe challenges, with sales only staying at 6 sets. Its "he is my brother" BJ80 was also in trouble, and the market response was quite cold. Only 4 sets were sold in November, which was completely marginalized by the market.

Conclusion:Faced with these models with poor market performance, consumers need to be more cautious before buying to ensure that they can make rational and wise decisions.

The original article of Zhiyou Automobile, please contact us if you need to reprint it.

* The picture is from the Internet. If it is infringing, please contact the author to delete it. *

　　[car home’s original test drive] The protagonist in the martial arts novels has the same life, and he has learned all the magical tricks along the way, so the most anticipated scene is always in the middle of the war, because it is time for the protagonist to show everyone a strong kung fu very smartly. There is no confrontation on today’s stage, but one person’s dazzling skills are also wonderful enough, because you have never seen the martial arts moves used by this protagonist. Let’s welcome a new generation of Mazda 3.

　　The new generation Mazda 3 is finally getting closer and closer to us. Yesterday, my colleague introduced all aspects of it to you in detail through video (the video is below). Today, it debuted again, because I brought you the strongest player of the new generation Mazda 3 in Europe, equipped with the new car test drive feeling of Chuangchi Blue Sky -X compression ignition engine. This brand-new engine can be said to be the ultimate weapon of Mazda 3, so let it show its hands quickly.

The following is an explanation video of my colleague who went to Taiwan Province earlier to test drive the new generation Mazda 3 sedan version:

More exciting videos are all on the car home video platform.

■ It is not far from the arrival of domestic models.

　　Let’s talk about the domestic models that you are most concerned about. You don’t have to look at the markets that have already sold a new generation of Mazda 3, because the domestic models will come soon, and the official listing time may be in September. Many people should know that the new car will no longer use the name of Angkor Sela. This is Mazda’s new strategy of adopting a globally unified model name. The domestic model is also called Mazda 3, which feels much smoother. However, at the initial stage of the new car, only the sedan version is available, and the power will continue to be equipped with two naturally aspirated engines, 1.5L and 2.0L The hatchback model will be introduced to the market later.

　　A new generation of Mazda 3 has been listed in many places, and the power selection is also very rich. There are some models equipped with 1.8L diesel engines, as well as familiar 1.5L and 2.0L gasoline engines. You can even see 2.5L gasoline engines in the American market. Wait, such a rich power configuration, but I just didn’t see the heaviest weapon, the brand-new Chuangchi Blue Sky -X engine. Of course, the long-awaited malicious character will be the finale, and today it finally appeared. Next, starting this autumn, Mazda 3 equipped with Chuangchi Blue Sky -X engine began to deliver cars in Europe and Japan. But when will this model come to us? There is no clear answer from the manufacturer.

● Appearance: sexy sports style

　　The new generation Mazda 3 was officially released at the Los Angeles Auto Show at the end of last year, and it has been half a year. Everyone should have some understanding of the appearance of this new car. The reason is very simple, because its design is eye-catching, it has a murderous look like a blade and a sexy figure, so no matter which stage it is on, it can always attract everyone’s attention successfully, and this design is absolutely successful.

　　The all-black net makes the whole front of the car serious, and the sense of movement is naturally strong enough. The design of headlights is also fascinating, but from our test drive, the front fog lights are not equipped.

　　Although all the hatchback models are contacted this time, the sedan version is the absolute main force in the compact car market with the same price in China. With the sedan body size of the new generation Mazda 3 and the mainstream rival PK, it can be seen that the body length of the new generation Mazda 3 is following the trend, but it has succeeded in showing off in the wheelbase. It would be great if such an advantage can be brought to the actual ride space.

　　The reason why the hatchback version has a sexier side is entirely because of the design of the rear of the car. The outline is full and the details are eye-catching, which is really nice.

　　The visual effect of the 18-inch all-black rim is naturally excellent, and it is cool in one word. This is definitely a very sporty style. The tire configuration of the test drive is very powerful, and it uses Bridgestone’s Tairan T005A, which has a high positioning, pays more attention to comfort and has outstanding mute performance. Let’s look forward to the tire configuration of domestic models in the future.

　　The most deadly thing about the appearance of the new generation Mazda 3 is its sexy line outline, which can be felt especially on the hatchback. Unfortunately, the sedan version will come to us first, but the one that should come will always come, and it definitely has the ability to attract you to see more.

A few days ago, we got a set of matrix planning about the future products of Deep Blue Automobile from the Internet. From the picture, Deep Blue will form two product matrices in the future, which are expected to be urban SUV and sedan series and hard-core off-road G318.

In addition, Deep Blue will launch 5/6 large SUV models in the future, and a compact car product will meet us.

Deep Blue delivered 27,862 units in October, with a total order of 36,277 units, and the order for Deep Blue S05 exceeded 10,000 units in 10 days. I hope Deep Blue can keep this rhythm and bring us better products and services in the future.

Nowadays, many consumers don’t pay much attention to the cost of car use, but they are more concerned about whether a car can meet the individual needs. Today, Xiaobian picked a car in the compact suv and introduced it to everyone. It is. So whether this car is a mule or a horse, let’s take a look at its actual performance.

First look at the appearance of Changan Auchan Z6. The front of Changan Auchan Z6 is very dynamic and lively, and it is very recognizable. Combined with simple headlights, it outlines a stylish and simple effect. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4699 mm * 1890 mm * 1660 mm. The car uses sharp lines, giving people a very simple feeling. With large-sized thick-walled tires, smooth lines run through the whole car side. In the rear part, the rear looks domineering and stylish, and the taillights are very sharp. Coupled with the unique exhaust pipe, the overall layout is impressive.

When you get into the car, the interior looks very young and fashionable, highlighting the layered effect. The car’s steering wheel is well designed, equipped with manual steering wheel up and down+front and rear adjustment, and other functions, practicality and face value are not bad. Take a look at the central control, with the 12.3-inch touch-sensitive LCD central control screen, which makes the interior design quite layered and gives people a clean feeling. The interior feels good. Let’s take a look at the dashboard and seats. The dashboard design is remarkable, and it looks very stable and atmospheric. The car adopts leather-like seats, which are wide and thick, further improving the comfort of drivers and passengers.

Changan Auchan Z6 is matched with an automatic manual transmission (AT) gearbox, with a maximum power of 171KW and a maximum torque of 390N.m, with good power performance.

Looking at the configuration again, Changan Auchan Z6 is equipped with car networking, driving mode selection, remote control key, Bluetooth key, rear wiper, interior atmosphere light and other configurations.

Summary of the full text: such a car with the right price is enough to meet the daily practical needs, and it doesn’t take much thought to maintain it at ordinary times, and the price is good.

　　Xinhua News Agency, Hong Kong, June 29th: Work together to create the future — — Hong Kong celebrates the 25th anniversary of its return to the motherland.

　　Xinhua news agency reporter

　　Street view taken on the streets of Hong Kong on June 28th to celebrate the 25th anniversary of Hong Kong’s return to the motherland. Xinhua News Agency reporter Li Gangshe

　　National flags and regional flags are flying in the streets and lanes, red lanterns are hung on the footbridges in central ferry piers, fishing boats are cruising around the Victoria Harbour, and residents in the New Territories set up traditional large-scale flower cards, and the song "My motherland and I cannot be separated for a moment" is rippling in Victoria Park … … On the occasion of the 25th anniversary of China’s return to the motherland, Hong Kong is filled with festive atmosphere.

　　A good show to welcome the celebration.

　　On the morning of the 28th, Hong Kong was clear with blue sky and white clouds. Hong Kong fishermen celebrated the 25th anniversary of their return to the motherland, and the sailing ceremony of fishing boat cruise in Victoria Harbour was held at Tsim Sha Tsui Pier.

　　Despite the hot weather, the event attracted many citizens to participate. Mr. Guo, who lives in Tai Po, and his family came to the dock early in the morning and excitedly took a selfie at the fishing boat. "This year’s fishing boats are particularly festive!"

　　After the cruise began, the fleet of 25 fishing boats was divided into five phalanxes and set out from Tsim Sha Tsui. At the bow and stern of each fishing boat, the five-star red flag and the bauhinia regional flag are flying.

　　Yang Shangjin, the chairman of the Hong Kong Fishermen’s Mutual Aid Society and the post-80s generation, is an out-and-out fisherman’s child. At the launching ceremony, he sang the national anthem with the audience. He said: "The motherland is ours ‘ Home ’ . Thanks to the country’s concern and support for fishermen, let our lives live better. "

　　"The five-star red flag flutters in the wind, and the victory song is so loud … …” At the landmark locations such as Golden Bauhinia Square, Tsim Sha Tsui Cultural Center and Kai Tak Cruise Terminal, the 25th anniversary of the return of thousands of young people, jointly sponsored by 21 provincial associations in Hong Kong, was staged. The young people who participated in the activities dressed in uniform sang "Singing the Motherland" together, and expressed their patriotism and love for Hong Kong with loud singing and youthful attitude.

　　"In ‘ Flash ’ During the singing, I felt the love of the vast number of young people in Hong Kong for the motherland and the spirit of sincere unity and positive progress. " Hong Dingteng, director of the Youth Committee of the Federation of Fujian Associations in Hong Kong, said that we will continue to sing about a better life and work together to create a new future and a new chapter.

　　A large-scale theme exhibition hosted by Bauhinia Culture Group to celebrate the 25th anniversary of Hong Kong’s return to the motherland attracted more than 25,000 visitors in six days.

　　The film One Sky, which was made to celebrate the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, was released recently. Zhuangcheng, the film producer, said: "Hong Kong is developing in a better direction. I hope this film can inspire Hong Kong compatriots’ feelings of home and country and work hard to create a better tomorrow."

　　The five-star red flag and bauhinia regional flag hung in Lidong Street, Hong Kong, shot on June 28th. Xinhua News Agency reporter Li Gangshe

　　The whole city is "China Red"

　　"Dreamers set off from the starting line and crossed the line at the foot of the Lion Mountain. May this Hong Kong be created together." On the big screen of Times Square in Causeway Bay, the theme song "Before" was played to celebrate the 25th anniversary of Hong Kong’s return to the motherland. A circular red festival poster was posted on the glass curtain wall of the building, and Mr. Lin took out his mobile phone to take photos as a souvenir.

　　Mr. Lin came to Causeway Bay on a tram with the slogan of warmly celebrating the 25th anniversary of Hong Kong’s return to the motherland printed on its body from the West Ring Road. On the streets of Hong Kong, many buses and trams have changed into red "new clothes". "Trams are issued from time to time ‘ Ding Ding ’ The sound, when slowly passing through the streets of Wan Chai, complements the holiday decoration of the tram station. " He said.

　　On Lidong Street on Hong Kong Island, on the streets of Tsim Sha Tsui East and Baili Avenue in Kowloon, five-star red flags and bauhinia regional flags are hung all over the streets, which are particularly bright against the blue sky and white clouds. People passing by can see a piece of "China Red" when they look up. Many Hong Kong citizens took photos and videos and posted them online, which was well received by netizens: "The scene is too shocking" and "inspiring" … …

　　Hong Kong in the night is festive and peaceful. The World Trade Plaza, the tallest building in Hong Kong in West Kowloon, is located in Sun Hung Kai Center and Central Plaza on Hong Kong Island. Rows of skyscrapers perform light shows, making the brightly lit Victoria Harbour more colorful and displaying the unique charm of the "Pearl of the Orient".

　　From July 1st, the special edition of the large-scale multimedia show "symphony of lights" will be officially launched. Specially designed and produced for the 25th anniversary of Hong Kong’s return to the motherland, the lighting show not only adds more buildings to the lighting show, but also adds various elements, bringing refreshing audio-visual enjoyment to the public.

　　Cheng Dingyi, Director-General of the Hong Kong Tourism Board, said that the new elements include setting up multiple lighting effects at various locations on both sides of the Victoria Harbour, setting up unique light and shadow on the outer wall of the SAR Government Headquarters and the rooftop of the Legislative Council Building, and putting on new clothes for many Star Ferries to blink at night.

　　The five-star red flag and bauhinia regional flag shot on the streets of Hong Kong on June 29th. Xinhua News Agency reporter Binghui Lu photo

　　People from all walks of life celebrated together

　　Citizens and social organizations celebrated the 25th anniversary of Hong Kong’s return to the motherland in various ways.

　　"Bless Hong Kong, Bauhinia is blooming beautifully, and the road is just ahead … …” Zhu Wunina, a Hong Kong songwriter, co-wrote this song "Blessing Hong Kong" with friends. "Only when there is a country can there be a home, and when the country is good, Hong Kong can be good." She said that she hopes to express her deep love for the motherland and Hong Kong with songs.

　　"Compared with previous years, I felt more responsibility when I participated in the celebration this year." Zhu Dingwen, the flag bearer of the China-Hong Kong delegation to the Beijing Winter Olympics and a short-track speed skater, said that this year he came to the celebration as an athlete who participated in the Beijing Winter Olympics, and his feelings were very different. "I hope that these activities can bring positive energy to more young people in Hong Kong."

　　"We take ‘ Poster+lighting+flag array ’ Way, let ‘ Tsuen Wan City takes China Red ’ 。” Hua Meiling, Secretary-General of the Organizing Committee for Celebrating the 25th Anniversary of Hong Kong’s Return to the Motherland in Tsuen Wan, told reporters that there are 18 celebration activities in Tsuen Wan, including festival theme decorations, cultural performances, and Putonghua recitation.

　　A gala celebrating the 25th anniversary of Hong Kong’s return to the motherland will be held in Hung Hom Gymnasium on July 1st, and many famous artists from Hong Kong, such as Andy Lau, Alan Tam and Nicholas Tse, will give wonderful performances to the audience.

　　"On the 26th, I went to Hung Hom Gymnasium for the first time for live rehearsal. The venue is magnificent, the stage is beautiful, and the visual effect of the overall performance is shocking. " Mo Hualun, a Hong Kong tenor, said that he was full of expectations for the performance of the gala, and firmly believed that with the support of the central authorities, the new SAR government would lead Hong Kong to "open a new chapter" and usher in a new stage of development. (Written by reporters: Liu Huan, Cha Wenye, Lu Min, Lin Ning, Wei Hua, Huang Yitian, Su Wanming, Li Baitao)

　　As a heavy model put into the compact SUV market by GAC Aian, AION V is built on the second-generation GEP pure electric platform, with sci-fi avant-garde design, good spatial performance and configuration level, and its product competitiveness is very strong. In the previous survey of "100 car owners evaluating new cars" for the 2023 Guangzhou Automobile AION V, the new car was widely praised in terms of appearance, configuration level and interior, but some consumers also reported that the vehicle had problems such as "not delivering the car according to the contract".

First, the basic information of vehicles

　　1. Comparison of configuration parameters of the same model: the configuration performance is more honest.

　　Through configuration comparison, it is not difficult to find that the overall performance of the 2023 GAC AION V is not bad. Although the configuration level of the entry model is relatively general, it can still meet the needs of daily use. Up-to-date, including comfort, technology and safety configuration, the threshold is not too high, and it is basically decentralized to the middle-equipped models, which is very friendly to consumers and has a large choice. In addition, configurations such as front parking radar and automatic parking are given the opportunity to be installed even if they are not standard in the original factory. Consumers don’t have to be too entangled, and the practice is quite kind.

　　2. Comparison of configuration parameters of competing models: the overall performance is bright.

　　Although there are many choices of pure electric compact SUVs on the market at present, there are not many models that overlap with GAC AION V in terms of price and can form a direct competitive relationship. In the end, I chose SAIC Volkswagen ID.4 X, GAC Mitsubishi Arturo AIRTREK and GAC Toyota bZ4X with medium SUV positioning. In comparison, the performance of the four models in the configuration link is remarkable. GAC AION V is mainly comprehensive, with no special highlights, but it can’t find obvious shortcomings.

Second, the quality reliability

　　As of press time, Chezhi.com has accepted 54 complaints from Guangzhou Automobile AION V, including 20 complaints about pure quality problems involving 39 fault points. Among these complaints, body accessories and electrical appliances account for the largest proportion. In the previous quality reliability survey of "100 car owners evaluating new cars", car owners still gave a more objective evaluation of their quality reliability. Among them, the proportion of car owners who gave a "very satisfied" evaluation was 24.6%; Car owners who expressed "satisfaction" accounted for the highest proportion, reaching 53.6%; The proportion of car owners who say "average" is 20%, while the proportion of car owners who clearly say "dissatisfied" is 1.8%. On the whole, the quality and reliability performance of Guangzhou Automobile Aian AION V has reached the expectations of the interviewed car owners.

Third, after-sales service satisfaction

　　As of press time, Chezhi. com has accepted 39 complaints about service problems of Guangzhou Automobile AION V, among which there are relatively many complaints about promises not being fulfilled, which are embodied in "not delivering the car according to the contract" and "not fulfilling the sales promise".

　　As of press time, the manufacturers have all responded to 54 complaints received by Chezhi.com about GAC Aion V. From the data point of view, manufacturers are more active in solving the problems that consumers have in the process of purchasing and using vehicles. For the problems raised by consumers, manufacturers will communicate with the 4S shop where the owner is located and contact the owner to enter the store for inspection and maintenance.

Fourth, the cost of car use

　　1. Power consumption: The performance is basically in line with expectations.

　　For consumers, since the date of purchase, more expenses are concentrated on daily maintenance and use costs. In view of the daily maintenance and electricity consumption of the 2023 Guangzhou Automobile AION V, Chezhi. com collates the data published by several major automobile websites for consumers’ reference:

　　Based on the statistical data of the Ministry of Industry and Information Technology and the vertical websites of various automobiles, it is concluded that the actual power consumption of the owners of 2023 Guangzhou Automobile AION V is slightly higher than that of the Ministry of Industry and Information Technology.

　　The 2023 GAC AION V can enjoy a four-year or 150,000-kilometer vehicle warranty. The initial warranty period of AION V is 5000km or 3 months, and the project is the routine inspection of the three power systems. Carry out routine maintenance every 10000km; The replacement cycle of air conditioning filter element is 20000km；; The replacement cycle of antifreeze and brake oil is 40000km；; The gear oil replacement cycle is 60000km. In the survey of "100 car owners evaluating new cars", nearly 90% of the questionnaires think that the repair/maintenance cost of Guangzhou Automobile Aian AION V meets expectations and is within a reasonable range.

V. Road Test Report

　　In terms of power, GAC AION V is equipped with a three-in-one high-efficiency electric drive module, and different adjustable motors and batteries are available. Take the 80 Smart Collar Edition as an example. It is equipped with a front single motor with a maximum power of 165kW and a ternary lithium battery with a capacity of 80kWh. The NEDC cruising range is 600km. Although the power parameters are unremarkable, it is quite skillful in adjustment, excellent in ride comfort performance, dense in starting acceleration power and easy to control, which is very suitable for a compact SUV with home positioning.

Sixth, user word of mouth

　　In the car channel of "Guangzhou Automobile AION V", a total of 12 people participated in the scoring activity, of which 10 people gave a four-star rating and 2 others gave a five-star rating. In the comments, some car owners summed up the advantages and disadvantages of the 2023 GAC AION V in use, which can provide more real and comprehensive reference opinions for other consumers.

　　In the user’s word of mouth, most car owners are satisfied with the design and comfort of the 2023 GAC Aion V. As a pure electric compact SUV for the home market, the design of GAC AION V is sci-fi avant-garde, and the power adjustment is quite smooth, and the driving experience is very comfortable. However, some car owners have complained about the car system of Aeon V.

Seven, plus points

　　1. Collision safety

　　At present, the 2023 Guangzhou Automobile AION V has not participated in the C-NCAP crash test, so the safety of the car can not be supported by data.

　　2. Recall history

　　Judging from the data currently available, GAC AION V has not been recalled in Chinese mainland. Although the absence of recall does not mean that the quality of the vehicle has reached perfection, it at least proves that the manufacturer has determined that the current vehicle has no hidden problems that affect the safety of driving and property.

[China, Dongguan, August 4, 2023] HarmonyOS 4 was officially released at today’s Huawei Developers Conference 2023(HDC.Together). Since its release in 2019, HarmonyOS has been user-centered. After more than four years of development, HarmonyOS has built a brand-new intelligent ecosystem, which has completely changed the interactive way of intelligent terminals.

Since its release, HarmonyOS has completed the layout of ecological construction step by step with more equipment, more applications and more meta-services. Nowadays, there are more than 700 million smart devices in HarmonyOS. HarmonyOS 3 has brought distributed technology to more devices and scenarios. Distributed communication allows networks among devices to be shared, and meta-service universal cards make it easier to obtain services. HarmonyOS 4 insists on stability, smoothness and safety, and advocates that users should fully display their personalities and let everyone play freely and together.

He Gang, chief operating officer of Huawei Terminal BG, said: "Because of the new experience upgrade brought by HarmonyOS 3, the system upgrade rate has increased from 77% of HarmonyOS 2 to 85%, which has rejuvenated many existing devices. HarmonyOS operating system continues to lead the innovative experience in four aspects: distribution, meta-service, security and fluency. Today, HarmonyOS will bring you a new experience with more wisdom and personality. "

Personalized themes are customized to create an exclusive HarmonyOS experience.

The digital world has changed people’s way of life, bringing convenience to everyone, but also providing people with more space to show their individuality. HarmonyOS 4 adds new visual and interactive experiences such as personalized theme, interesting mood theme, panoramic weather wallpaper and personalized dial, allowing users to fully display their personality and express their emotions.

Personality themes such as "artistic protagonist" and "fashion album" use composition, color, pattern and other elements to build a wallpaper full of artistic beauty, which makes the equipment look brand-new and meets the needs of users to show their individuality; "Poster Font" introduces 6 fonts of screen lock time, which makes the screen lock have more personalized settings; Panoramic weather wallpaper moves more realistic weather scenes into the wallpaper and locks the screen, and can also switch the display screen according to the user’s viewing angle, so that the user can feel the weather change between hands.

Through a large number of user surveys, HarmonyOS 4 brings richer, more playful and more three-dimensional expressions, and adapts local elements. Users can also choose appropriate expressions according to the current mood and make interesting and unique mood wallpapers.

HarmonyOS 4 also brings many interesting new features to the watch. The "blooming dial" that blooms gradually according to the number of steps encourages users to step by step, while game dials such as Astronaut and Shiba Inuya provide more choices for leisure time. Rotating the crown can control the actions of the characters in the game and turn the watch into a wrist game machine.

Huawei theme App also specially customized a free full-scene theme for HarmonyOS 4, and the dynamic lock screen of three-dimensional inflation wind echoed the main vision of HarmonyOS 4. This theme also contains a variety of creative and interesting components, which can be experienced in mobile phones, tablets, watches and other devices.

Efficient access to information, services at your fingertips.

HarmonyOS was born in the increasingly prosperous era of mobile ecology, which is in line with the current intelligent, convenient and efficient interactive needs. HarmonyOS 4 improves the efficiency of information processing through a brand-new notification center and live window, and comprehensively optimizes the super transfer station, super desktop and small art to help users live and work efficiently. The expansion of the meta-service universal card ecology makes the service more and more convenient to reach.

Modern people receive a lot of news every day, and news notices, commodity advertisements and message reminders are full of notice columns, so it is easy to ignore or miss valuable news. Based on this, HarmonyOS 4 visually optimizes the notification center, making the information structure clearer and the priorities clear at a glance. The newly added live window can present the real-time status of the application at any time, and bring a complete and continuous and efficient experience to users through two forms of capsules and cards. For example, for take-away applications, the status of "eating, picking up and delivering" can be displayed in real time, avoiding the notification screen, and allowing users to obtain information efficiently and intuitively.

On the smart watch side, the crescent moon window designed in combination with the watch shape can surround the check-in counter, take-out process, travel license plate number and other information at the upper right of the dial through a strong reminder, so that users can get important information by raising their hands.

Users can also slide right into the negative screen on the desktop of mobile phones and tablets to view more real-time service status, which is more convenient and efficient.

The universal card has always been the most efficient interactive way for HarmonyOS to obtain information and services. Users can see the instantly refreshed service information on the card, such as hot information and food list. With the participation of more and more eco-partners, HarmonyOS provides more and more universal cards to users, especially news and information, convenient life, travel and other categories, and the service is more and more convenient.

HarmonyOS not only has such an efficient information processing method as universal card, but also has the important ability of cross-end circulation.

The efficient flow of information has been further strengthened in HarmonyOS 4. The super transfer station supports more applications and scenarios, and adds practical functions such as file preview and clipboard historical content query to help users collect fragmented information better. Not only mobile phones, but also super transfer stations support tablets and PCs, making cross-device sharing very convenient.

Based on the powerful distributed capability of HamonyOS, the content flow of HarmonyOS intelligent cockpit has also had a better experience, supporting more devices and scenarios. Multi-screen sharing allows front and rear passengers in the car to watch movies simultaneously; Transfer the game on the mobile phone to the car, and you can play mobile games with the big screen in the car; When operating a drone, you can also use the cockpit screen as a large display screen with the help of the super desktop, and you can easily control the drone by sitting in the car through the cockpit screen.

Brand-new small art, "big" is different

HarmonyOS 4 has a more powerful intelligent assistant, Xiaoyi. Empowered by the AI ? ? big model, Xiaoyi continues to strengthen in three directions: intelligent interaction, productivity improvement and personalized service, and becomes a smarter, more capable and more caring intelligent assistant.

With a stronger natural language understanding ability, users can communicate with Xiaoyi in more daily expressions based on their own speaking habits and intuition. If they want to use the panoramic weather wallpaper added by HarmonyOS 4, they only need to ask Xiaoyi "How to change a wallpaper with weather effect" or "Can you set the mobile phone wallpaper with real-time weather", and Xiaoyi can understand it. Not only that, Xiaoyi can understand the content of the picture and process it, such as recognizing the address on the poster and navigating with one button.

Xiaoyi not only greatly improves her understanding ability, but also has the function of summarization and copywriting-assisted creation, which makes content creation more effective. Relying on the multi-modal large model technology, Xiaoyi can also realize the function of "fun pictures" and personalize and stylize the existing images for secondary creation. Xiaoyi is also a smart assistant who knows users better, and can help users record inspiration or important events and provide search and reminder functions. Xiaoyi suggestion has upgraded the scene combination card function, which can perceive more high-frequency scenes of users and actively generate different xiaoyi suggestion cards.

Smooth upgrade, double protection

HarmonyOS 4 adopts a brand-new Huawei Ark engine, which can significantly improve its capabilities in graphics, multimedia, memory, scheduling, storage and low power consumption. Compared with the previous generation system, the sliding fluency of HarmonyOS 4 is improved by 20%, and the battery life is increased by 30 minutes. The response speed of many common operations has also been greatly optimized. For example, the camera startup speed has increased by 57%, and users have a smoother experience in payment, navigation and other scenarios.

Huawei has always been committed to creating a pure and safe application environment for users and being the guardian of application security. HarmonyOS 4 makes the risk warning more visible, the risk application more controllable and the protection always online through a series of security functions such as brand-new application control center and application tracking management.

For children’s users, HarmonyOS 4 also brings security protection including pure and undisturbed, game anti-addiction, payment behavior control, application content grading, etc., to create a healthy computer environment for children. Parents can also help their children use electronic products more reasonably through the remote guardian function.

On August 4th, starting from the day of HDC.Together conference, Huawei will launch public Beta upgrade for 34 products including HUAWEI Mate 50 series, HUAWEI P60 series, HUAWEI Mate X3 and HUAWEI MatePad Pro 12.6 inches, and at the same time launch pollen beta recruitment for 35 products including HUAWEI P40 series, HUAWEI Mate 30 series, HUAWEI nova 9 and HUAWEI nova 10. In addition, in the second half of 2023, Huawei will launch HarmonyOS 4 adaptation updates for Huawei’s smart meters, smart screens, routing and other products. There will be more equipment upgrades in 2024. Consumers are welcome to participate in the upgrade and experience the new HarmonyOS 4.

　　HarmonyOS system was introduced by Huawei, and many friends have updated their experience. Dear friends may not know how to improve the battery life of Huawei HarmonyOS system mobile phones. Xiaobian is very happy to solve this problem for everyone, and then I will provide you with an analysis of the method of improving battery life. Xiaobian hopes that this method can help you.

　　1. After upgrading, the equipment with fast power consumption needs to be "digested"

　　After the upgrade, some self-optimization and adaptation actions of the system may lead to the machine heating and fast power consumption. It is safe to use it, and it will recover itself after a period of time. It is recommended to charge for more than one hour during the idle time, and the system will be optimized once during the charging period to ensure the rapid adaptation of mobile phone applications.

　　2. Self-starting management is unnecessary and not self-starting.

　　Self-startup is allowed by default after the application is installed. If there are many self-startup applications, they will also consume power when running in the background, and unnecessary applications can be turned off for self-startup to extend battery life.

　　Set the path: enter the mobile phone housekeeper APP→ Application startup management → Turn off all automatic management, only set the necessary applications as automatic management, such as instant messaging applications, mail applications, etc., and other non-essential applications are not allowed to have background activities.

　　3. Turn on the off-screen display and touch display mode.

　　Touch display mode means that the off-screen pattern will be displayed only after touching the screen. Compared with turning on the off-screen display all day, the battery life will be correspondingly increased under touch display. The opening method of touch display mode: setting → Desktop and wallpaper → Off-screen display → Display mode → Touch the display.

　　4, low battery mode to extend the battery life.

　　When the power of your equipment is low and there is no way to replenish it in time, you can start the low power mode (or power saving mode), and the system will automatically optimize the operation and extend the battery life of the equipment.

　　Opening method of low battery mode (or power saving mode): Set → Battery → Low battery mode (or power saving mode).

　　Does the answer that Xiaobian brings to you solve your troubles? If you feel helpful, please pay more attention to IT encyclopedia.

　　Shi Zifu, Harbor Business Watch

　　In the sub-field of matching in the same city, flash delivery is usually regarded as a leading participant in the industry. However, this market is highly competitive, and only the well-known SF City, JD.COM Hours and Dada Seconds are not small rivals.

　　On October 4th, Flash (FLX.US) was successfully listed on NASDAQ, with an issue price of US$ 16.5 /ADS and a total fundraising of US$ 66 million. As of 9: 38 EDT on October 8th, the stock price of Flash dropped to about US$ 15. According to Tianyancha, the domestic operation entity of Flash is Beijing Tongcheng Bing Technology Co., Ltd..

　　01

　　Achieve profitability in 2023.

　　Official website introduced that Flash Delivery is a one-to-one express delivery platform in the same city’s instant delivery industry, providing personal and corporate customers with special express delivery services on demand. The brand of Flash Delivery is FlashEx or Flash Delivery, which means instant delivery.

　　According to the data of iResearch, in terms of revenue in 2023, Flash is the largest independent on-demand express service provider in China. In 2023, the market share of Flash in China’s independent on-demand express service is about 33.9%.

　　Different from the delivery service provider that adopts the order consolidation mode, Flash initiated and always focused on the special delivery mode of on-demand delivery. For each order, Flash will assign a special Flash-Rider to pick up the order and deliver it to the recipient without merging multiple orders or changing hands on the route.

　　As of June 30, 2024, Flash has about 2.7 million registered riders, and its service coverage has been extended to 295 cities in China.

　　From 2021-2023 and January-June 2024 (hereinafter referred to as the reporting period), Flash Delivery fulfilled 158.6 million, 213.4 million, 270.7 million and 138.1 million orders respectively; In the current period, the company realized revenue of RMB 3,039.8 million, RMB 4,002.7 million, RMB 4,528.8 million and RMB 2,284.5 million respectively, and realized gross profit of RMB 189 million, RMB 259 million, RMB 395 million and RMB 257 million respectively, with gross profit margins of 6.2%, RMB 6.5%, RMB 8.7% and RMB 11.3 respectively.

　　It is not difficult to understand the reason for the increase in revenue, which is related to the increase in the company’s orders in the current period. In terms of net profit, flash delivery generated a net loss of 291 million yuan and 180.4 million yuan in 2021 and 2022 respectively, and realized a net profit of 110 million yuan (US$ 15.205 million) and 124 million yuan (1702.0) in 2023 and January-June 2024 respectively.

　　For the realization of profit in 2023, the flash payment is attributed to the increase of other income caused by the increase of government subsidies. In 2023, other income from flash delivery was 74.3 million yuan (US$ 10.2 million), compared with 9.2 million yuan in the same period in 2022.

　　In the revenue composition of Flash-Riders, the salary and incentive paid to Flash-Riders are the biggest components of the company’s revenue cost. During the reporting period, it was 2.751 billion yuan, 3.614 billion yuan, 3.975 billion yuan and 1.951 billion yuan respectively, accounting for 90.5%, 90.3%, 87.8% and 85.4% of the total income of the current period respectively.

　　In addition, the attention of the outside world is high. During the reporting period, the average income of a single order delivered by flash was 19.2 yuan, 18.8 yuan, 16.7 yuan and 16.5 yuan respectively, showing an obvious downward trend. Although the order volume is rising, the continuous decline of single income is still likely to affect the overall operating performance of the company.

　　02

　　Downgrading various fees, more than 8,000 complaints.

　　The operating expenses of flash delivery include sales and marketing expenses, general and management expenses and research and development expenses. In the total cost, sales and marketing expenses account for the vast majority.

　　According to the prospectus, the sales and marketing expenses of flash delivery mainly include: advertising and marketing expenses, staff costs related to sales and marketing functions, rent and depreciation, and advertising expenses mainly include endorsement fees and advertising fees. During the reporting period, the sales and marketing expenses of flash delivery were 272 million yuan, 240 million yuan, 188 million yuan and 89.738 million yuan respectively, accounting for 8.9%, 6.0%, 4.2% and 3.9% of the corresponding income respectively.

　　General and administrative expenses of flash delivery mainly include: salaries and related costs of employees engaged in general company functions, professional fees and other general company expenses, as well as expenses related to the use of facilities and equipment. During the reporting period, the company’s general and administrative expenses were 113 million yuan, 103 million yuan, 105 million yuan and 45.505 million yuan respectively, accounting for 3.7%, 2.6%, 2.3% and 2.0% of the corresponding income respectively.

　　In addition, R&D expenses mainly include: staff costs, rent and depreciation related to R&D functions, and other expenses related to R&D functions. During the reporting period, the R&D expenses of Flash were 105 million yuan, 119 million yuan, 90.847 million yuan and 41.306 million yuan, respectively, accounting for 3.4%, 3.0%, 2.0% and 1.8% of the revenue in the corresponding period.

　　In the first half of 2024, Flash reduced the sales and marketing expenses, general and administrative expenses, and research and development expenses, by 8.56%, 13.17% and 18.6% respectively compared with the previous year. Some market participants told Harbor Business Watch that it is not ruled out that this year is facing fierce market competition and the consumption environment is weak. In order to improve profitability and IPO, Flash delivery has carried out all-round cost control.

　　Flash accounts payable mainly refer to the remuneration payable to Flash-Riders. By the end of 2022, 2023 and the end of the first half of 2024, the accounts payable for flash were 356.1 million yuan, 339.8 million yuan and 314.6 million yuan respectively. In the same period, the company’s cash and cash equivalents were 622 million yuan, 699 million yuan and 712 million yuan respectively.

　　In 2021 and 2022, the net cash used in flash business activities was 194.9 million yuan and 86.8 million yuan respectively, and in 2023, the net cash provided by flash business activities was 45.7 million yuan.

　　In the first half of 2024, the net cash provided by Flash business activities was 20.7 million yuan (US$ 2.8 million). Flash mentioned that the company’s main source of liquidity was equity financing income. In March, April and May, 2021, the company obtained 747.8 million RMB from D2 financing. As of June 30, 2024, Flash had cash and cash equivalents of 711.7 million yuan (US$ 97.9 million).

　　Flash delivery mentioned in the prospectus that the company does not employ any lightning riders, and provides special express service for individual and corporate customers by relying on Flash-Riders. The company usually regards such lightning riders as independent contractors.

　　In this context, there are also many consumer complaints about flash delivery. As of October 8, the keyword "flash delivery" was searched on the black cat complaint platform, with a total of 8,128 complaints, and 5,744 complaints have been completed. In the last 30 days, there were 213 complaints, with an average of 7.1 complaints per day. Consumer complaints focus on time delay, overlord clauses, arbitrary deduction of service fees, unreasonable punishment of riders, and unauthorized cancellation of orders.

　　03

　　Valuation has shrunk dramatically, how to break through the competition in the Red Sea?

　　Tianyancha shows that at the beginning of its establishment in March 2014, Flash received millions of RMB angel round financing from Jingwei Venture Capital; In June of the same year, the company also received millions of dollars in Series A financing from Jingwei Venture Capital and CDH Investment. In July and August, 2015, Flash completed $50 million in Series B financing and Series B+ financing respectively, with investors including Jiuding Investment, Light Source Growth Fund and Tiantu Investment.

　　In February and June of 2017, Flash completed the C and C+ rounds of financing respectively, and the transaction amount of both rounds was USD 50 million. In August, 2017, August, 2018 and March, 2021, Flash completed the D, D+ and D++ rounds of financing respectively, among which the investors in the D+ round of financing included Haisong Capital, Wuyue Capital, Yuanxing Capital, Haina Asia Venture Capital, Shunwei Capital, Changbai Xing Capital, Shunliang Investment, Hearst Capital and Light Source Venture Capital, with a transaction amount of 60 million.

　　The investors in the flash D++ financing include Shunzhi Capital, Wuyue Capital, Haina Asia Venture Capital Fund, Tiantu Investment, Haisong Capital, AlphaSquare Group, Qiyuan Investment Axiom Asia Private Capital, Qian Shan Capital and Zhongcai Capital, and the transaction amount reached 125 million US dollars.

　　However, in the instant delivery market, flash delivery faces a lot of market competition.

　　In the field of traditional logistics and distribution, SF Express’s SF Express delivery, running errands, and helping to buy services, with an average of one hour in the whole city; JD.COM’s instant retail business is aimed at consumers’ JD.COM Hours, and in May 2024, JD.COM Hours and other brands were upgraded to "JD.COM Seconds Delivery"; Dada Group’s Dada seconds to send help, help to send, run errands, 1 hour; Hungry? Hummingbird, its real-time logistics platform, also provides consumers with comprehensive life services such as home catering service, supermarket service, help buy and help deliver.

　　In addition, after the completion of the D++ round of financing in March 2021, the valuation of flash delivery reached 2 billion US dollars (equivalent to about 14 billion yuan). According to the Hurun Global Unicorn List in 2024, the flash valuation is about 7 billion yuan, down about 40% from 2021. Up to now, the flash market value is about $1.078 billion.

　　According to the Research Report on Instant Distribution Industry in China released by iResearch, the scale of the instant distribution industry will be about 341 billion yuan in 2023, and it is estimated that the scale of the industry will exceed 810 billion yuan in 2028.

　　Mo Daiqing, director and senior analyst of the online retail department of the E-commerce Research Center of NetEconomy & Society, pointed out that the competition in the instant delivery market is becoming more and more fierce. For example, Dada Group and SF Express have been successfully listed in the same city, and the rookie also announced to upgrade its express delivery service in the same city and launched the "half-day service". Backed by giants such as JD.COM, SF Express and Ali, they have strong financial support and business resources. In addition, there are some new "showstopper". For example, last year, the cargo Lala announced the online errands business; Didi also launched Didi errands service; Gaode Map announced that it has cooperated with a number of instant delivery companies to provide errands through its platform; Tik Tok, Aauto Quicker, Oriental Selection, etc. are also accelerating the trial of instant retail.

　　Although it has been successfully listed, on the one hand, its profitability is under great pressure, and on the other hand, how to successfully break through in the Red Sea industry has also been tested.