Perceive Smart City Space with Content Technology Smart city construction provides residents with a more comfortable, convenient and sustainable lifestyle, which is affecting people's food, clothing, housing and transportation. Urban management is becoming more and more refined. In urban space, more and more people hope that urban management will be more safe and orderly, which puts forward higher requirements for urban management efficiency and service level. During the second China Content Technology Entrepreneurship Competition, Peng Yao, CEO of Semma Smart, said in an interview that smart technology perception and analysis capabilities are being applied to all corners of urban management, so that "invisible cities" can be perceived and seen. "The city is a huge place for people to gather and flow information. But at present, the huge information flow has not been fully regulated, and many contents cannot be perceived, which leads to the fact that the cities around us are 'invisible'. " Peng Yao introduced that VisionMind, a video intelligent big data platform developed by SmartHorse, is being applied to smart city management to monitor, analyze and manage abnormal behaviors recorded by city videos using AI technology. Through massive data and powerful AI data model, it is able to analyze the urban vehicle violations, abnormal street behavior, environmental governance and other information, and timely feedback to relevant functional departments to improve the level of urban refined management. For example, through traffic flow perception, including intelligent perception analysis of pedestrian, motor vehicle, non motor vehicle and other comprehensive flows, the system feeds back to the traffic police in real time, where to limit the flow, and how to optimize the configuration of signal lights; Through AI enabled city video monitoring, it is able to capture the whole process of intelligent violations, apply different types of violations based on different road scenes, automatically identify various violations, and achieve intelligent analysis of the whole road network. Peng Yao believes that the integration of content and technology has led to explosive growth of various forms of data content, while the value of content still has much room for improvement. New infrastructure has become the current hot spot, including the upgrading of traditional infrastructure and the construction of new infrastructure such as 5G network and data center, which will provide many high-quality application landing scenarios and business opportunities for the development of content technology industry. The enterprise should be the discoverer of content value, and explore the value from the deep integration of content technology and industry, and from the daily surge of data content. Peng Yao said that in the face of complex content information, the content needs to be decomposed and refined through technology, and gradually implemented in every industry, which requires a large amount of information reserves and quick learning ability for the original industry. The content industry is the biggest challenge for the application of artificial intelligence technology. How to combine technology with complex content industries, and how to feed back the development of technology through mining content, is the current thinking problem of the content technology industry. He believes that improving the cognition of content technology and promoting the progress of intelligent technology complement each other. In the future, more and more new scenes and new opportunities will be found. "We hope that more excellent enterprises will emerge in the field of content technology, and that technology will enable urban space, so that our beautiful vision of a smart city can become a reality."
2020-12-23 10:59
Content technology rewrites the underlying "language" of the construction industry "Just like literature and music, architectural design also needs to be expressed, and its expression and realization need technical empowerment and tools." At present, artificial intelligence technology is widely used in various industries, overturning people's understanding of traditional industries again and again. During the second China Content Technology Entrepreneurship Competition in 2020, He Wanyu, CEO of Xiaoku Technology, said in an interview with People's Daily Online that in the vertical subdivision of "AI+architectural design", AI technology is rewriting the underlying "language" of the architectural industry, enabling content production in the architectural design industry. Content technology rewrites the bottom "language" drawings of the construction industry, which is the bottom language and foundation of traditional architectural design. Architects must turn ideas in their minds into drawings that can be exchanged. In the construction industry chain, planning, design, construction, operation and maintenance are inseparable from the "map". "In 2007, we realized that intelligent building design would be an important development direction. It's just that there is no technical support, and any content is just limited to the imagination in the individual's mind. " He Wanyu said that the essence of both the original ruler drawing and the current international mainstream design software CAD (computer-aided drawing) and BIM (building information model) is to rely on human resources to achieve content output, and the efficiency and quality of machine aided design need to be improved. In recent years, with the rapid development of high-performance computing, big data and deep learning technology, the application of artificial intelligence in architectural design scenes has been accelerated. He Wanyu introduced that on the basis of CAD and BIM software, interaction, generation and rendering are carried out through artificial intelligence, and the underlying language driven by pure manual "drawings" in the construction industry is being rewritten, creating a new architecture based on data driven "manual operation+machine realization". "Through the small library's intelligent design cloud platform, the 24 steps required for architects' conventional design can be simplified into six actions, namely, 'check, do, change, check, cooperate, and output', and can be realized in the same intelligent tool." He Wanyu said that in the past, because no software could achieve the above six actions at the same time, many designers had to deal with multiple software with different functions, which had problems such as low efficiency, inconvenient multi-party cooperation, and difficult scheme selection. The new way of work can not only improve the work efficiency and output quality of architects, but also help the project parties to better cooperate from the information linkage advantage of "data model rule". The expression and realization of content needs technical empowerment "Content is the creation in people's minds, its expression and realization needs technical empowerment, and needs to be realized with tools. Without technical support, any content is just limited to the imagination of individuals." Relying on artificial intelligence technology and cloud platform, through the national multi ground floor building specifications nested inside the platform, Architects can automatically query and understand the information around the base, and accurately know the design problems with the help of the drawings automatically generated by the machine and the automatic feedback mechanism, so as to modify the existing scheme and formulate the optimal design scheme. He Wanyu said that with the help of artificial intelligence technology, urban space and future operation status can be simulated. "Many indicators such as sunshine, traffic conditions, landscape vision, surrounding noise, ventilation performance and so on can be presented digitally in the early stage of design, which cannot be achieved by manpower alone." "The innovative integration of content and technology lies in how to present content with the help of technology and broaden the space of self imagination. Thus, architects can be freed from the complicated and repetitive work and devote more energy to the fields that need human intelligence." He Wanyu believes that, to some extent, technology empowerment is not a substitute for manpower, but rather a reinforcement of manpower. At the same time, the innovative integration of content and technology industry also needs more time and space from all walks of life to allow them to thrive.
2020-11-19 12:06
"Everything is content" opens up broad space for content technology In the era of all media, technological innovation is becoming the driving force for the development of media convergence. New technologies such as artificial intelligence, big data and cloud computing are gradually embedded into business processes such as news collection, production, distribution, reception and feedback of traditional media. From intelligent creation, intelligent audit, intelligent cataloging, to collaboration and sharing based on big data and cloud services, to the transformation of physical assets into digital content... The application scenarios of content technology have been implemented and blossomed in the media industry. With the progress of Internet, artificial intelligence and other technologies, media management has become an indispensable part of the platform construction in the current financing media construction. The integration of content and technology can not only improve efficiency and reduce costs for content production, distribution and other processes, but also provide support for media management and data analysis. "In the process of news policy, collection, editing and distribution, content technology combined with specific business scenarios is constantly being implemented and transformed." During the second China Content Science and Technology Entrepreneurship Competition, Suili, CEO of Tikrypton Technology, a participating enterprise, said in an exclusive interview with a reporter on People's Daily Online that the intelligent upgrading of traditional media systems through artificial intelligence, big data, cloud computing and other technologies can intelligently assist the generation and overall review of content information on the premise of expanding the amount of access and identification of content materials. In the process of content production and dissemination, the media resources system based on artificial intelligence can intelligently catalog and create text, pictures, audio and video media materials, etc; Based on cloud services, it can realize content sharing and collaboration, share to PC, mobile phone and other terminals with one click, and browse, review and annotate; Based on big data technology, the transformation from "people looking for information" to "information looking for people" has been realized... Suili believes that the intelligent media resources system based on content technology is opening up various processes of media content production, and through multi terminal and multi-modal content collection, the production process is reengineered from mobile acquisition and editing, media resources management to online video editing and live video editing, While improving work efficiency, it can also reduce some potential risks in the content production process. Content is the carrier of science and technology application. "Everything can be contented." In Suili's view, anything that can be structured by means of science and technology and physical media can be transformed into content by means of technology and manual means, which is a digital process. For example, a vinyl record can be digitally transcribed by means of science and technology, which makes the physical record stored with rare audio and video become a data asset, which is easier to carry and spread, and can be seen and heard by more people. This process of intelligentizing and networking vinyl records by means of science and technology has expanded the value of the record itself by means of communication. It also makes the space for science and technology to play in content and market prospects full of unlimited imagination. "For the content technology industry, it still adheres to the concept of 'content is king'. Content is the carrier of the application of science and technology and the transformation of achievements. Without content, science and technology will have no place to play. " Suili believes that the development of content technology must go through a process from immaturity to maturity. Technology should focus on business scenarios and solve business problems as the fundamental starting point to empower the content industry, constantly polish and optimize through actual application scenarios, and solve practical problems with technological innovation. For example, the phenomenon of "information cocoon room", although the algorithm recommendation based on big data has improved the accuracy of content push and the matching of interests, it is also easy to trap readers in homogeneous content, reducing the efficiency of information dissemination. "From the perspective of technology, to solve these 'side effects' in the process of scientific and technological innovation, we need to develop new technical means or business strategies in combination with practical application scenarios to counter them," Suili said. Capital and technology drive content technology innovation From a global perspective, media intelligence has entered a stage of rapid development. Driven by "capital+technology", more and more entrepreneurs have poured into this track, promoting the innovation and development of content technology industry. "In the future, traditional industries such as tourism and culture will have a large number of valuable content materials that need to be digitized. Once digitized, these contents can be intelligentized, interconnected and platformized, and the market of the entire content technology will be opened immediately. " Suili said that the content technology industry has a broad market prospect, which also means challenges and opportunities for entrepreneurs. In his view, there is still a gap between technology and application scenarios in the content technology industry. There should be technical personnel and mechanisms to get through this link and apply new technologies to the scenarios. At the same time, as the application scenarios of content technology become more and more extensive, a large number of sample data are needed as support, which consumes a lot of time and cost. Suili believes that to solve these problems, we first need to rely on a technical team that understands both content and the Internet. For entrepreneurs, if they can get support from the capital market, they will be greatly improved in terms of development speed, enterprise scale, talent reserve, technological innovation ability, etc. The market space and mature business model of the industry where the enterprise is located are the key to attracting capital. Speaking of this China Content Technology Entrepreneurship Competition, Suili said: "The competition has built a platform for communication and competition for the content technology industry, condensed the latest development achievements of the entire industry, and guided entrepreneurs to clarify their development direction."
2020-11-17 09:46
Content and technology mutually promote enabling content risk control industry Today, with the development of new generation information technology such as artificial intelligence and big data, more and more traditional industries such as consumption, entertainment, education, and medical care have taken the "Internet+" express train, and content industries such as text, pictures, audio, and video are also showing a "blowout" trend. Entering the 5G era, the Internet portal will show exponential growth, which means that the content distribution scene will become extremely rich in the future, and the demand for content will become larger and larger, while the threshold for content creation is constantly reducing. How to control the risk of content is both a challenge and a huge business opportunity. The content risk control industry is becoming a "basic implementation demand". "When more and more high-value businesses are put online and executed online, the generated content is very huge, and there are more and more black products. So for content risk control, it is like buying cloud services or water and electricity, becoming a demand similar to infrastructure services." Liang Kun, CTO of Sumei Technology, believes that content production in the traditional sense is usually concentrated in some media or creation platforms, but now almost everyone who has mobile phones is a content producer, which will produce massive amounts of content. In this case, whether the content is compliant and secure enough becomes very prominent. According to public reports, since this year, the National Cyberspace Office has successively carried out a series of special actions, such as centralized rectification of online malicious marketing accounts, online course platform and online environment governance involving minors, curbing "Zu'an Culture", rectifying the "paid deletion of posts" and "soft porn" dissemination on the Internet. In fact, all major domestic network platforms have been interviewed, taken off the shelves, blocked in large numbers, and even faced the test of life and death due to the content risk control problem. Liang Kun said that in the process of promoting "Internet Plus" and scientific and technological innovation and development, the government is making its own business online in traditional industries such as clothing, food, housing, education, finance, and medical care, and providing its own services in this new form of the Internet. "Including live broadcast and APP, these are exactly the same as Internet companies. So we judge that these traditional Internet based businesses will generate a huge amount of content in the future. There is a big pain point, which is how to ensure the compliance and security of content." Liang Kun said that the industry has realized that, Content risk control is becoming an infrastructure for business, and the investment and demand in the future will continue to grow, and will continue to become the rigid demand of every industry. "Content technology" empowers the content risk control industry. "Content technology" mainly refers to the supply and consumption chain of content products, the organization and division mode of the content industry, various emerging technologies such as artificial intelligence, big data, blockchain, cloud computing, and the Internet of Things that have a significant impact, as well as new business forms, new applications, and new services generated by these technologies. Liang Kun believes that "content technology" will be more and more widely used in the field of content risk control, data security, privacy issues and other aspects. At the second China Content Technology Entrepreneurship Competition in 2020, the "Tianjing - full stack intelligent content identification system" from Sumei Technology can capture and grade more than 300 illegal labels such as porn, politics, drugs, abuse, violence, etc., judge whether the same information violates the rules in different contexts through semantic analysis, and even identify the changed voice after processing, Eliminate the noise in audio and improve the accuracy of content recognition. The accuracy of speech recognition can be as high as 90%. "For example, to identify whether a photo is a violent terrorist image, four models will be paralleled at the same time. The first is the classification model of the image scene to identify whether there are violent elements such as blood or execution; The second is the face detection model for terrorist sensitive persons; The third group of models is logo recognition. For example, the logo of foreign blue whale game will be captured in this model; Finally, the fourth group of models will be used to detect and identify the violation information in the text. " The application of "content technology" in the content risk control industry can provide customers with a full stack of intelligent content security solutions from content identification to behavior identification. For example, online advertising mafia, not only from the content level to identify its risks, but also from the account behavior level to identify whether it is a member of a mafia gang, to help identify illegal content such as pornography and gambling. Content and science and technology promote and empower each other. "Content and science and technology are always a process of mutual promotion." Liang Kun believes that from the technical level, it is the existence of content understanding motivation that promotes the progress of science and technology. "With the massive amount of content information, the cost of manual retrieval is huge, and using technology to better understand the content is what we are doing at this stage. The goal of scientific and technological development in the next stage is to generate or even create content through technology." In his view, the content generated by science and technology alone must be cold, Therefore, practitioners in the content industry need to use technology as a tool boldly. The generation of simple template content can be done by technical means, and creative content such as emotion and art still needs to be completed manually. "How much content there will be in the future determines the market and prospect of content technology; The quality of generated content will also determine the position of content technology enterprises in the market. " Liang Kun said that at present, science and technology does not have a deep understanding of the content industry. At the same time, there are also issues of content privacy and copyright. "These are two major challenges for the content technology industry, but opportunities also follow". A better content understanding scheme means a huge competitive advantage. Liang Kun believes that the China Content Science and Technology Entrepreneurship Competition is a stage for content science and technology enterprises to demonstrate their own technology and innovation capabilities, and also provides entrepreneurs with an opportunity for competitive exchanges, enabling entrepreneurs to discover new technologies and opportunities.
2020-11-12 08:48
MR hybrid reality technology promotes new experience of cultural consumption When entering the shopping mall, we can not only see a variety of goods, but also see the digital space information of the whole shopping mall through mobile phones and other terminals, and exchange the points of online games for favorite goods; When we enter the museum, we can not only see the historical relics, but also "touch" the details of cultural relics closely through digital spatial information; When we enter the scenic spots and historic sites, we can not only feel the scenery and crowds of people in the scenic spot, but also experience the feeling of "going through" in the digital space... These things that sound strange are becoming daily shopping and tourism step by step due to the breakthrough of MR (Mix Reality) hybrid reality technology. Hybrid reality technology makes culture "live". "As a further development of virtual reality technology, hybrid reality technology creates an interactive feedback information loop between the real world, virtual world and users by presenting virtual scene information in the content of real scenes, so as to enhance the authenticity of user experience." During the second China Content Technology Entrepreneurship Competition, Liu Huaiyang, CEO of science and technology of the participating enterprises, said in an exclusive interview with the People's Daily Online reporter that through integration with online and offline content scenes, MR hybrid reality technology is gradually integrated into people's daily cultural life. When hybrid reality technology is combined with cultural tourism, history, business districts, smart cities, online games, live broadcast, video, social networking and other content scenes, it not only provides MR digital twin information engine, navigation navigation, space entertainment and interactive services for physical content, but also creates a space for the integration of virtual and real content scenes. "MR hybrid reality technology can be mainly applied in three aspects: urban function, commercial content nature and cultural communication. We have learned that science and technology is upgrading the industry of cultural communication by means of 'content technology', making classic products combining science and technology with cultural and creative content, so that users can get different experiences in the virtual and real world at the same time, and make culture 'live'. " Liu Huaiyang said. New experience of new technology promoting information consumption "The space Internet is to display digital information everywhere in the real world, realizing the integration and interaction between the real world and the digital world." In the PC Internet era, information flow is distributed in a one-dimensional way, and users consume information based on portals, hyperlinks, searches, and other ways; Then 3G and 4G appeared, and the era of two-dimensional information flow distribution came. Users consumed video and personalized recommendation information through mobile Internet; At present, with the rapid development and landing application of 5G technology, the space Internet era of 3D information flow distribution is coming. Digital and virtual scenes are integrated to provide users with a new consumption experience based on content technologies such as visual algorithms and MR maps. Liu Huaiyang believes that the current AR glasses and MR maps are the basis of the spatial Internet. AR glasses are the integration media of the real world and the virtual world, while MR maps are the digital twin images of building the real world, digitizing offline content scenes for game, social and other content application service providers. At this year's China Content Technology Entrepreneurship Competition, it was learned that science and technology will display the "Yao_ Eonivars Full Platform MR Digital Twin Cloud Engine" project based on 3D information content media, which will empower the content scenes such as smart cities, smart businesses, smart culture and tourism, and smart mutual entertainment through MR interaction, spatial information retrieval engine and other technical means, Build the content scene of MR digital twin commercial entertainment. Content technology needs recognition of long-term value. In 2016, when Liu Huaiyang founded and learned about technology, it was the boom of AR and VR entrepreneurship. However, there were relatively few entrepreneurs and capital invested in infrastructure technology fields such as spatial maps at that time. In Liu Huaiyang's view, the development of technology and the cross-border integration of technology and content industries need recognition of long-term value and short-term tolerance. We should not overestimate the present and underestimate the long-term development. "Content technology" can be seen as a "reminder of the value of information", and the mutual empowerment of content and technology can be applied to urban functions, commercial nature, cultural transmission and other aspects. For example, we have learned that we are communicating with the organizing committee of a major event about the cooperation scheme: users who come to watch the event only need to download an APP, turn on the mobile camera, and the Olympic mascot will pop out in front of them. The mascot can lead users to different places in multiple languages, and present the on-site competition situation and even the cultural content of the country in an interactive way. Without on-site audience, real-time symbiotic content experience can also be carried out remotely through mobile phones or other devices. "Compared with the navigation of traditional commercial and cultural tourism scenic spots, we pay more attention to amplifying the value of user experience, which first requires strong content creation ability." Liu Huaiyang believes that the MR digital twin urban spatial information engine is equivalent to an "engine". Next, it needs to have "wheels" and "vehicle shells", that is, it needs to move towards content and realistic scenes to empower. "The content technology entrepreneurship contest provides a platform for entrepreneurs in the content technology field to display and communicate, hoping to enhance exchanges and cooperation with cultural consumption industries and enterprises through the contest, and enable offline scenes; At the same time, it is also hoped to attract content creators to create development content on the platform they have seen, and build the 'car shell' into a product that combines technology and classic content. " Liu Huaiyang said.
2020-11-11 16:02
New technology needs to go deep into content industry segmentation scenarios In recent years, with the rapid development of Internet technology, text, images, videos and other content in various forms "blossom" in cyberspace. However, the deep integration of AI, big data, Internet and other technologies with the content industry has not only created benefits for the society, but also facilitated the dissemination of illegal acts such as fake news, pornographic information and fraud. The new technology of "safe production" and "intelligent production" is a "double-edged sword". From the early "P diagram" to "changing voice", and now the controversial video "face changing", with the progress of mobile computing capabilities and software development, these technical barriers have been greatly reduced. In particular, the current popular AI "facelift" technology has frequently become the topic of public opinion and even attracted the attention of governments around the world. In June 2019, DeepFake (deep forgery), whose selling point is face changing technology, was maliciously used, prompting the United States to propose the DeepFakes Report Act of 2019, requiring the assessment of security risks of deep forgery technology. In the Act, "digital content forgery" is defined as the use of emerging technologies (including artificial intelligence and machine learning technologies) to create or manipulate audio, visual or text content with the intention of producing misleading effects. In December 2019, the German Federal Government said in response to the question from members of the National Assembly: "AI video 'face changing' technology will fundamentally weaken the public's trust in the authenticity of recordings and videos, and therefore will also reduce the credibility of public information. Once this technology is used to manipulate public opinion, it will bring huge risks to society and politics." "Misleading is the key criterion for judging digital forgery content. Technology itself is neutral. If it is used to generate virtual anchors, beautify pictures and other applications, it is encouraged, but if it is used to create false information, forge bills and other misleading consumers, it is not allowed." During the second China Content Technology Entrepreneurship Competition, Cao Juan, CEO of the participating enterprise Zhongke Ruijian, said in an exclusive interview with a reporter from People's Daily Online. She believes that digital content forgery is not only a technical issue, but also a sociological issue. In 2013, Cao Juan and her team began to study the credibility authentication of social media news and the big data analysis technology of false news, created a multimodal fusion method for online rumor detection, and developed the domestic artificial intelligence false news authentication system "Ruijian AI", which has been successfully applied to various regulatory agencies and media platforms. Source | Ruijian AI applet In Cao Juan's opinion, digital forgery detection technology based on content technology can be summarized as "safe production" and "intelligent production" of content. Safe production, that is, digital forgery content detection can be enabled in the application scenario of content production, to ensure the authenticity of content, and to quickly detect whether there is synthesis, infringement and other situations of digital content; Intelligent production is to provide media and enterprises with news quality assessment and AI title generation services, and use AI technology to help media and enterprises improve the quality and efficiency of digital content output. "Content technology" needs to go deep into the front-line applications. "The technology must be high, and it must go deep into the front-line application scenarios to make real changes." Cao Juan believes that only by deeply integrating the characteristics of technology and content scenarios, and subdividing various application scenarios of the content industry, can science and technology fully play its role, thus forming a technical "threshold" And industry standards. A high resolution, uncompressed image and a low resolution, multi compressed image have different ways of tampering with the content, and the detection method needs to be changed accordingly. In the field of digital pseudo content detection, there is no "master key" that can solve all problems. The traditional content risk control system often appears the situation of "having more than enough energy" when facing the existing digital forgery content. This also puts forward higher requirements for the experience layer, data layer and algorithm layer of digital forgery content detection. At present, the forged image and video detection system of China Science and Technology Ruijian can detect multiple types of tampering and tampering positions of pictures or videos without the need for original images, and the detection accuracy rate on specific real application data is as high as 90%. Cao Juan believes that the content industry has complex and diverse dynamic changes in the process of production and dissemination. The process of enabling content scenes through science and technology is also a process of meeting the diversified needs of the content industry. At the same time, the development of content technology also needs to keep pace with the development of emerging technologies. The digital transformation of traditional media is an irreversible trend. How to use emerging technologies to empower the massive content resources stored by traditional media is not only a pain point that media need to solve urgently, but also the direction of continuous development of content technology.
2020-11-10 09:34
"Beijing Experience" of Cultural Industry Activating Old Factory Economy Beijing has accelerated the deconstruction of non capital functions, promoted the organic renewal of the city, and released a large number of old factory resources. The cultural industrial park transformed from old factory resources also records the historical development process of the city, and also makes the city more vibrant. On July 22, Mei Song, the first level inspector of the Propaganda Department of the CPC Beijing Municipal Committee and director of the Beijing Cultural and Creative Industry Promotion Center, visited the People's Daily Online and shared the "Beijing experience" of the cultural industry in activating the old factory economy. Video: Mei Song, director of Beijing Cultural Promotion Center, received an exclusive interview from People's Daily Online to promote urban renewal. The old factory buildings turned into cultural industrial parks next to the 798 Art District, and the 751D? PARK Beijing Fashion Design Plaza has a famous locomotive square; In Guomao, the most prosperous area, there is the most fashionable cultural industry park "Langyuan", where you can also listen to Kunqu Opera; In the Sun Palace, there is the Xitang Culture and Art Park, which is an art park of more than 10000 square meters reconstructed from the wholesale market; In Haidian, the famous Zhongguancun Dongsheng Science Park combines culture and technology. There are top 500 enterprises in the world, chip designers and top cultural enterprises... There are a number of familiar cultural landmarks in Beijing, all of which are old factory buildings. Mei Song introduced that the existing old factory buildings in Beijing have a large amount of resources, and the transformed cultural industry park has the characteristics of large and comprehensive, small and beautiful, special and specialized. Why promote the economy of old factory buildings? Mei Song believes that a large number of old plant resources, from the perspective of the city, if not utilized and developed, will become stock resources, and even become a small scar and sore behind the prosperity of the city. In this context, the Beijing Municipal Party Committee and the Beijing Municipal Government have made great efforts to expand the old factory buildings into cultural spaces, making the old factory building economy an organic carrier for urban renewal and development. It is reported that by October 2019, 774 old plant resources had been sorted out in all districts of Beijing, covering an area of 32.27 million square meters. There are 248 old workshops in the sixth district of the city, covering an area of 19.43 million square meters. "Cultural space is two concepts. It may be transformed into a cultural industrial park, or into cultural facilities, such as theaters, cinemas, physical bookstores, and sports facilities. These are also cultural spaces." Mei Song believes that in the process of promoting the transformation of the old factory buildings, it not only retains the imprint of the city's industrial civilization, but also reflects the cultural elements of the new era. This needs to maintain two principles: first, the tonality cannot be changed, and its characteristics, its industrial heritage, and the basic architectural mechanism and appearance cannot be changed; Second, it is allowed to add cultural content and fashion elements. "There is a place where glazed tiles are produced in Mentougou, Beijing. The kilns before the Republic of China and those after liberation have all been listed as district level cultural relics. The old glazed tile kiln site must be preserved. A glazed tile kiln can be built nearby to burn these characteristics as a transformation of the tourism and cultural industrial park to present them to the society. " Top level design, the "Beijing experience" of the transformation of old factory buildings. "Beijing has made a top level design in policy. The key to promoting the economic development of old factory buildings is to encourage leaders at all levels to dare to act, dare to take responsibility, and implement documents in place." The rapid development of an industry cannot be separated from policy support and guidance. At the same time, in the process of promoting the transformation of the old factory buildings, there will also be some problems. How to change the old factory buildings? How to streamline administration and delegate power? On December 31, 2017, the Beijing Municipal Government issued the No. 53 document Guiding Opinions on the Protection and Utilization of Old Factories to Expand Cultural Space. The first is protection and utilization, and the second is expansion of cultural space. At the same time, Beijing has successively issued supporting documents such as detailed implementation rules and project management measures on how to solve the problem of the last mile. Mei Song believes that Beijing's No. 53 document can cause a warm response in the country's peers. First, it solves the problem of land use attributes. Most of the old factory buildings are industrial land, which is used for cultural industry and is inconsistent with the original industrial land. How can Beijing solve the problem? As long as you are used for the transformation and utilization of cultural space and properly separate the property and use of land, this is an innovation. Second, there is a five-year transition period. It would be extremely complicated if the old factory buildings were transformed into cultural parks and cultural spaces through the bidding process and the land use property change process. A transition period is set, and these procedures will be exempted within five years. After five years, if the national policy allows, the priority will be given to whoever uses this land. Document No. 53 solved this problem. At the same time, the document also solved a series of problems such as the registration of enterprises in the park and fire management. Mei Song said that in fact, the transformation of Beijing's old plants includes three aspects: first, old plants, second, old commercial facilities, and third, old office buildings, all within the policy scope. In the process of transformation, plants with different ages and attributes should be adapted to local conditions and plants. At the same time, planning, design and creative planning should be done in advance, rather than simply taking over the old factory buildings and decorating them for rent. "Good cases, such as the Tongniu Film Industrial Park in Chaoyang District, Beijing, were reconstructed from the warehouse of the former Beijing Tongniu Jingfang Materials Co., Ltd. How can the warehouse become a film industrial park? They cooperated with the Beijing Film Academy to build a film industry park that integrates directing, planning, stage and later stages, and is also the main theme film industry park. It is well positioned and famous throughout the country. " Double benefits, cultural creativity empowering the old factory building economy "The old factory building is not only used to make money to measure cultural creativity, but in fact it is the requirement of urban renewal and prosperity." Some people say that the old factory building is transformed into a cultural industry park, and its added value is lower, so it is better to turn it into a science and technology park. Mei Song said that it is a requirement of urban renewal and prosperity to promote the transformation of old plants first, which is also a reduction or blank. Cultural industrial parks and supporting construction are not the objects we want to ease, but the reduction and blank, which cannot be measured by how much money we make. The second is to adjust measures to local conditions and adapt to local planning conditions and regional space conditions. For example, in Haidian District, many old factories have become science parks, which is typical. However, in Chaoyang, more old factories are transformed into cultural industrial zones, because there are many cultural media enterprises in Chaoyang. In fact, the cultural industry has both social and economic benefits. Mei Song believes that the benefits of the old factory reconstruction park are also very high, one is social benefits, the other is economic benefits. In addition, social benefits should be considered first when doing cultural industries and cultural parks. The rich spiritual and cultural life of the people needs a carrier and space, and the park will provide it, which is social benefits. At the same time, we should not underestimate its economic benefits. According to the statistics of the first batch of 33 Beijing municipal cultural industry parks, in 2018, the average land output of cultural enterprises in 33 Jiayuan District was 69600 yuan per square meter, the tax contribution per square meter was 5500 yuan, the average labor output of cultural industry parks was 2.044 million yuan, and the income output level was similar to that of Beijing's financial industry. The cultural industry is integrating old factories into new cities. When we talk about the old factory buildings, we understand that they are industrial compounds. When the iron doors are locked and the walls are high, people can't get in, and other corresponding cultural space elements can't get in. In fact, if you want to go to 798, most people can't tell which is 798 and which is 751. Its feature is that the two old factory buildings have been opened up, and all the spaces are open to the society. It has become a clocking place for some fashionable young people. "It is the redevelopment and reuse of typical industrial space, and there is another feature of 751. 751 is a fashionable design, and on the other hand, it is a power workshop, which is still in production." 751 used to be an energy power plant (gas plant), but it is still operating as usual. On the one hand is a strong industrial energy, on the other hand is a very mysterious cultural creative design; On the one hand, blue collar workers wear uniforms to work, and on the other hand, fashion models show off. The old factory buildings are closely combined with the people's life through the transformation of the cultural industry park. "It is necessary to reserve more physical bookstores, increase or transform small theaters, theaters or cinemas, and increase and transform small art galleries and other exhibition spaces." Mei Song introduced that it is a hardware requirement to apply for the city level cultural industry park if the old factory buildings are transformed into cultural industry parks. Therefore, many old plants are reconstructed at the same time, and public cultural space is allocated to provide services for citizens and tourists. "It not only retains the mark of industrial civilization of the city, but also reflects the cultural elements of the new era. The economy of old factory buildings bears the heavy responsibility of Beijing's urban renewal and cultural renaissance. Through the cultural heritage left by industry, the capital will become a place of cultural renaissance. "
2020-07-25 16:30
Entrepreneurial Story | Tian Haibo: Paying homage to intangible cultural heritage in the way of young people "Choosing 'tenon and mortise' is also a vision of his own, hoping to let the world know that it is a traditional culture originating from China and a skill belonging to China's intangible cultural heritage." Tian Haibo also worked in a state-owned enterprise when he just graduated, and he worked safely and without any pressure. However, he gave up living comfort and resigned to start his own business to play a game about carpenters. It's not because he didn't want to go to work that he decided to quit and start a business with his friends. It's not because he didn't want to go to work, but because he didn't want to give up his vision of the future. "Tian Haibo said that he wanted to do something meaningful and not let himself regret it. He could proudly tell his children in the future. "Our generation grew up with games. When we didn't go to school, we came into contact with games. It was amazing! It's really the one who grew up with us all the way. " Tian Haibo said that he dreamed of engaging in game related industries when he grew up. The reason why he chose to play Carpenter Wood to show Chinese traditional culture is that he experienced a story: "When he was studying abroad, he once went to a restaurant to wait in line for a table, and a European next to him greeted me friendly, asking if I was Japanese? I said no, and asked if I was Korean? I said no. Then he turned and left. At that time, I was very angry. Later, I thought that maybe their knowledge of China was limited and they could not find a topic. At that time, an idea came into my mind: let the world know more about China and Chinese culture. " Why develop a mortise and tenon game? Tian Haibo led the team to develop a game about "mortise and tenon structure". Mortise and tenon, known as the soul hidden in wood, is the core of the world intangible cultural heritage - Chinese traditional wood structure construction techniques. "When I was in Switzerland, I saw a very impressive media building. The whole wood structure building realized by 'Chinese tenon and mortise technology' was designed by Japanese designers. At that time, I was very ambivalent. I was shocked by the wonderful craftsmanship, and I regretted that the traditional craftsmanship originated in China was not made by Chinese designers. " At the same time, based on his preference for games, he chose to pass on China's traditional culture in this way to achieve the desire in his heart. Through games, more young people can understand traditional culture, and more foreigners can understand China. Doing culture is like doing education. How can we treat the development of traditional culture and attract more young people? In an activity, Feng Naien, the vice president of the Palace Museum at that time, said a sentence that Tian Haibo has always remembered: doing culture is like doing education, and can't harm people's children. "Now this sentence has become the motto of our company, reminding us to do this with a sense of mission, a sense of walking on thin ice, and a sense of awe." He said. "I think traditional culture is like local specialties. It needs to keep pace with the times. It is always stuck in the past or will be eliminated by the times." Tian Haibo believes that although the country has always advocated cultural self-confidence, it is difficult for ordinary people, especially young people, to accept a thing that is far away from real life. Traditional culture needs to keep up with this era and develop with it. Nowadays, more and more Han style clothes are accepted by young people, and the Forbidden City has become an "online celebrity", which is in line with the trend of the times to innovate and change. At the same time, this is also a process of self-identity. I believe this is a good trend. Identify small program codes and experience intangible cultural heritage games.
2020-06-15 14:48
Deng Zhonghan, member of the committee: accelerate the development of new infrastructure investment management measures to promote the transformation and upgrading of the industry "New infrastructure is an important way to promote the modernization of the country's economy, and digital infrastructure is an important way to promote the transformation of traditional infrastructure to digital infrastructure in the new era, which is an important way to enhance the comprehensive national strength." This year, new infrastructure was written in the government work report for the first time at the NPC and CPPCC sessions, becoming one of the hot spots of the NPC and CPPCC delegates. How should new infrastructure be built? The reporter interviewed Deng Zhonghan, member of the National Committee of the Chinese People's Political Consultative Conference, academician of the Chinese Academy of Engineering, and general director of Starlight China Core Engineering. "The new infrastructure mainly includes 5G network, artificial intelligence, industrial Internet, Internet of Things, data center and other fields. Essentially, it is a new generation of information infrastructure, that is, digital infrastructure." Deng Zhonghan said that compared with the "railway public infrastructure" of traditional infrastructure, digital infrastructure has richer connotation and better reflects the characteristics of the digital economy, which will bring more development opportunities for China's economy in the new era. Compared with traditional infrastructure, new infrastructure has a big difference that social investment is the main body. It is reported that the total investment of 48 major projects in the next three years is about 270 billion yuan, of which 60 billion yuan is invested by governments at all levels, and the rest 210 billion yuan is social investment. How to leverage social capital investment into "new infrastructure" has become a very important and prominent issue. In response, Deng Zhonghan said in a proposal of the two sessions of the NPC and CPPCC on "new infrastructure", "It is recommended that the country speed up the development of new infrastructure investment management measures, including scope identification, investment rules, support policies, etc. in relevant fields." Digital infrastructure can not only boost the economy in the short term, but also promote sustainable economic, social and national development in the long term. The resulting new industries, new formats and new models will transform the operation modes of industries, agriculture, medical care, education, national defense, transportation, finance and other fields, promote the transformation and upgrading of industries, promote high-quality economic development, and comprehensively enhance the comprehensive national strength of the country. "The independent AI chip is used to carry out edge computing at the front end of the monitoring equipment. While realizing intelligent identification, automatic alarm and improving the efficiency of investigation and command, it greatly reduces the bandwidth pressure of network transmission and the computing burden of the big data center." Deng Zhonghan believes that China's independent industry of public security video surveillance will benefit from the investment and development of "new infrastructure" such as 5G base station construction, big data center and AI, and will also react to the optimization and upgrading of 5G base station construction, big data center and AI. At the same time, the independent industry of public security video surveillance is also related to national security, public security and information security. Since the formal implementation of the Technical Requirements for Public Security Video Surveillance Networking Information Security (GB35114-2017) on November 1, 2018, national and local major projects involving public security video surveillance, such as the Xueliang Project and Smart City, have had a mandatory national standard to regulate the safe access of front-end video surveillance equipment to big data centers. This standard supports the encryption and authentication algorithm issued by the national authority, ensures the real identity of all users and devices, ensures the reliability of signaling sources and is not damaged, and the video encryption throughout the process ensures the security of video data and is not stolen. He suggested that public security video surveillance should be explicitly included in the relevant fields of "new infrastructure" in the "14th Five Year Plan", so as to promote provinces, autonomous regions and cities across the country to accelerate the construction and upgrading of independent public security video surveillance systems that meet mandatory national standards such as GB35114, and promote the rapid development of independent public security video surveillance industry.
2020-05-27 17:49
Chen Xiaohong, member of the committee: accelerate the standardization strategy and improve the cultivation of innovative talents "It is of great significance for the new infrastructure to be included in the government work report. The new infrastructure will lay an important hardware and software foundation for the digital economy era, and support and lead the digital transformation of China's' fist 'industry. At the same time, the changes in online consumption, work and life style brought by the epidemic also reflect the important significance of developing new infrastructure." This year, the new infrastructure was written into the government work report of the NPC and CPPCC for the first time, and became one of the focuses of the NPC and CPPCC representatives. How should new infrastructure be built? The reporter interviewed Chen Xiaohong, member of the National Committee of the Chinese People's Political Consultative Conference, academician of the Chinese Academy of Engineering, and president of Hunan Industrial and Commercial University. Accelerate the implementation of the standardization strategy and enable the development of the digital economy In recent years, the digital economy has developed rapidly, and the "new infrastructure" has set off a new wave of development. Standards play a fundamental, strategic and leading role in supporting the high-quality development of the digital economy. The standards in some key areas, such as 5G, chips and blockchain, are not only related to the right to speak, rule and innovation, but also to the direction and future of national economic development. "China's national standard formulation cycle averages three years, and the 'standard age' is higher than that of Germany, the United States, Britain, Japan and other countries." Chen Xiaohong, a member of the committee, believes that the current standardization construction of China's digital economy still faces problems such as the imperfect standard system, the slow progress of standard formulation, the lack of unity and coordination of standards, and the low contribution rate of international standards. Data shows that in 2018, China's international standardization contribution rate has ranked fifth in the world, but the number of effective patents in key core technologies in the digital economy is insufficient, and the standardization contribution rate still needs to be further improved. Chen Xiaohong believes that it is urgent to speed up the implementation of standardization strategy and enable the development of digital economy. In the proposal of the two sessions this year, she proposed to accelerate the establishment of a "vanguard" of digital economy standard development, form a "demonstration site" of digital economy standardization construction, and create a "community" of digital economy standardization, so as to promote China to become the "leader" of digital economy standard development and find a new way of standardization enabling the development of digital economy. In the post epidemic era, the fourth plenary session of the 19th Central Committee of the Communist Party of China (CPC) on enabling urban governance with a new generation of information technology proposed to "promote the modernization of the national governance system and governance capacity". The new generation of information technology represented by big data, the Internet of Things, cloud computing, blockchain, artificial intelligence, etc. is becoming a powerful tool for the modernization of current urban governance. "This year's COVID-19 epidemic has exposed the inadequacy of the public crisis management ability of some cities in China. It is an important opportunity to fully apply the new generation of information technology, strengthen the construction of the municipal public crisis management system, and improve the public crisis management ability." Chen Xiaohong believes that the application of the new generation of information technology in public crisis management still has problems such as small quantity, low quality, low efficiency, unwillingness to use, inability to use, and dare not use. Specifically, in public crisis management events, data sharing is not open enough, data support is relatively weak, relevant technology and system platform support is insufficient, the construction of corresponding laws and regulations is lagging behind, and data privacy leaks frequently. Chen Xiaohong suggested that we should strengthen the top-level design of municipal public crisis management informatization, actively deploy cutting-edge information technology, do a good job in the system architecture of new information technologies such as big data, 5G, blockchain, artificial intelligence, and digital twins, and explore the application mode of new information technology in municipal public crisis management; Improve the emergency data collection and sharing mechanism, clarify the rights and responsibilities of emergency data docking, and ensure the quality and use effect of emergency data. At the same time, she also suggested that the city's emergency hard power should be improved. Under the wave of new infrastructure construction, accelerate the construction of forward-looking terminal equipment for municipal public crisis information, including the construction of perception, Internet of Things, intelligence and other infrastructure equipment, expand the "nerve endings" system of municipal public crisis management informatization, provide more intuitive support for the monitoring, early warning and real-time emergency command of municipal public crisis, and provide big data collection Intelligent analysis and processing provide basic support. We will improve the innovative talent cultivation mechanism and stimulate innovation vitality. "New infrastructure needs compound talents who have a better grasp of new technologies and innovative thinking ability, and their requirements on knowledge structure and connotation will be higher than those of old infrastructure." A recently released talent development report for the new infrastructure industry in 2020 shows that the talent gap for new infrastructure is expected to reach 4.17 million by the end of the year. Compared with traditional infrastructure or traditional industries, the dependence of new infrastructure and new economy on land, energy and other resources has decreased, while the demand for talents has increased. How to fill the talent gap for "new infrastructure" has become a top priority. In this regard, Chen Xiaohong believes that, on the basis of existing experience, we should actively promote the cultivation of compound and innovative talents in enterprises, universities and scientific research institutions by giving policy support to the two important innovation subjects of scientific and technological innovation talents and high-tech enterprises. She suggested that, based on the transformation and industrialization of major application-oriented scientific and technological achievements, pilot innovative engineer training projects in some provinces and cities to provide all-round services in innovation, entrepreneurship, talent training, etc. for scientific and technological enterprises and various talents; Cultivate a group of innovative talents with innovative thinking, innovative methods and innovative ability, and improve the innovation level of scientific research personnel in universities, enterprises, research institutions and other institutions through regular certification training; Actively promote the qualification certification of "innovation engineer", "innovation trainer" and "innovation consultant" to be included in the national vocational qualification catalogue published by the Ministry of Human Resources and Social Security. At the same time, she also suggested improving the certification conditions for high-tech enterprises, and taking the certified "innovation engineers" of enterprises as one of the national, provincial and municipal high-tech enterprise recognition conditions. Further strengthen the implementation of the policy of additional deduction of R&D expenses of enterprises, implement the relevant policies to promote the transfer and transformation of scientific and technological achievements, intellectual property protection, strengthen the connection between scientific and technological work and financial work, and strengthen scientific and technological investment in multiple directions.
2020-05-27 09:15
Risks and turnaround of environmental protection PPP No news report of Li Chun can be found online. But "low-key" he has long been a "veteran" in the investment industry. In the 1990s, he worked as the general manager of investment in a Japanese company. At that time, he invested $100 million to $200 million a year in China and invested in 50 or 60 enterprises. Li Chun insists that he is a "new recruit" of environmental protection investment. In Li Chun's opinion, the main reason why some environmental protection PPPs have problems is to rely on the leverage of funds to expand the market at any cost. After years of ups and downs in business investment, he concluded that all the leading private equity firms have a common feature, that is, they stick to value investment. Half a year ago, Li Chun's name card became the CEO of Zhongguancun Qingshan Lvshui Fund Management Co., Ltd. (hereinafter referred to as Qingshan Lvshui Fund). According to public data, Zhongguancun Qingshan Lvshui Fund Management Co., Ltd. was established in 2016 with the joint contribution of Beijing Haidehei Technology Co., Ltd., Beikong Zhongkecheng Environmental Protection Group Co., Ltd., Beijing Linda Forestry Technology Co., Ltd. and Tus Sound Environmental Resources Co., Ltd. The main investment field is market-oriented debt to equity swap Non performing asset management and environmental protection. From 2015 to 2017, PPP mode rose in the environmental protection industry, enterprise orders accelerated, and a large number of environmental protection businesses were packaged into PPP projects. After two years of rapid development, into 2018, some environmental protection enterprise crisis emerged. Li Chun once encountered an urban investment in environmental protection project with a cost of about 2 billion yuan. With profits, 2.3 billion yuan to 2.5 billion yuan is the reasonable price. However, in order to win the contract, some enterprises quoted just over 2 billion yuan, even at the loss point. They spared no cost to expand and quickly occupied the market. But it can't stand any wind and grass, and its anti risk ability is very weak. "The market potential for environmental protection is great." Li Chun said that there are not only big rivers, but also some industrial pollution. The environmental protection industry is not only the basic governance content of the national macro environment, but also high-tech projects involving people's physical and mental health, quality of life and other aspects. It is no accident that the environmental protection industry is booming. The report of the 19th National Congress of the Communist Party of China put forward three phased goals for ecological civilization construction and ecological environment protection: by 2020, firmly fight the key battle of pollution prevention; By 2035, the ecological environment will be fundamentally improved and the goal of beautiful China will be basically achieved; By the middle of this century, we will build China into a modern socialist power that is prosperous, strong, democratic, culturally advanced, harmonious, and beautiful. Our material civilization, political civilization, spiritual civilization, social civilization, and ecological civilization will be comprehensively improved. In Li Chun's view, from the perspective of national macro policies, the three stage goals proposed in the report of the 19th National Congress of the Communist Party of China not only set a timetable and roadmap for ecological environmental protection, but also pointed out the key tasks of each stage for the environmental protection industry. In recent years, the country has issued a series of policies aimed at encouraging and promoting the environmental protection industry, which is bound to create a long-term and solid value driving force for the growth of ecological environmental protection and urban upgrading. Li Chun said that from the perspective of resource endowment, the shareholders of Qingshan Lvshui Fund Management Co., Ltd. are the leading state-owned enterprises in the environmental protection field under the Beijing Municipal SASAC. They have worked hard in the environmental protection field for many years, and have strong competitiveness, leading technical advantages and market advantages in the environmental protection industry and multiple sub sectors of the industry. Li Chun also said that in terms of shareholder resource endowment, his company's value investment in the field of ecological environmental protection and urban upgrading and development has unique congenital advantages, which can provide rich resources and technical support for the company's fund investment business. "The basic mission of an excellent private investment institution is to grasp the pulse of the times of reform and opening up and industrial restructuring, and integrate its mission and persistence into the historical tide of national industrial development and social value creation." Li Chun said. 2. In Li Chun's view, in the context of supply side structural reform and financial deleveraging, this round of debt to equity swap is more market-oriented and has distinctive characteristics of the times in terms of implementation subject, implementation mode and implementation principle. Since 2016, the State Council and relevant departments have successively issued policy documents such as Opinions on Actively and Steadily Reducing the Leverage Ratio of Enterprises, Guiding Opinions on Converting Creditor's Rights to Equity of Marketization Banks, Interim Measures for the Administration of Government funded Industrial Investment Funds, with the goal of promoting supply side structural reform and increasing support for market-oriented debt equity swap. The Notice of the General Office of the National Development and Reform Commission on Giving Play to the Guiding Role of the Government funded Industrial Investment Fund in Promoting the Work of Converting Creditor's Rights to Equity in Marketization Banks proposed that, on the premise of complying with relevant regulations, other investors of the government funded industrial investment fund other than the government should be supported to apply for issuing corporate bonds and invest in market-oriented debt to equity projects through the fund, Effectively broaden the financing channels for market-oriented debt equity swap. The notice also said that all investors of the government funded industrial investment fund should clearly agree on the way of income distribution and loss sharing in accordance with the principle of "benefit sharing and risk sharing". In view of the common situations of market-oriented debt to equity swap projects, such as long investment period, low income and high uncertainty, the part of government investment can be appropriately discounted to improve the enthusiasm of social capital to participate in market-oriented debt to equity swap projects. Li Chun said that the complexity of the current domestic and international economic environment has increased, and the market environment and operating environment of enterprises have changed greatly. If the target enterprises of market-oriented debt equity swap are not properly screened, it will bring greater risks to the fund assets. How to select enterprises? Li Chun believes that, first of all, we should focus on enterprises that have temporary difficulties due to cyclical fluctuations in the industry. These enterprises have solid fundamentals and have great hope to reverse in the future. Secondly, focus on those growth oriented enterprises with high liabilities, such as those in strategic emerging industries. These enterprises have core competitive advantages in specific areas of the industry. Enterprises have begun to take shape. With the injection of funds and resources, rapid growth is expected in the future. Thirdly, enterprises supported by the local government and closely related to the local people's livelihood should be included in the target enterprises due to the special nature of their business. In addition, enterprises that do not conform to national and local industrial policies and enterprises that should be eliminated by the market should be avoided. Li Chun also believes that the use of funds for equity swap enterprises should design corresponding post investment management mechanisms together with corporate governance to ensure that funds are used for equity swap enterprises to reduce debt leverage and enhance the vitality of the main business. In addition, improve corporate governance and stimulate enterprises to improve business management; Coordinate industry resources and technology, and improve enterprise innovation and profitability. 3. In Li Chun's view, with the emergence of economic downward pressure, deleveraging and the launch of market-oriented debt equity swap, a new round of non-performing asset investment opportunities is coming. According to the 2019 China Financial Non performing Assets Market Survey Report released by China Orient Asset Management Co., Ltd., more than half of the respondents from commercial banks and asset management companies believe that the balance of non-performing loans and non-performing loan ratio of China's commercial banks will rise in 2019. Li Chun believes that China's private enterprises expand rapidly, invest too much and too fast, so as to seize the market, resulting in a large increase in non-performing assets. "Bad assets are not bad assets." Li Chun said that some enterprises have good prospects for their main businesses, and debt defaults are caused by cyclical or short-term operating cash flow difficulties. Some heavy asset enterprises, if their profitability is outstanding and their development tends to be benign, can still invest under good valuation. Many excellent assets and companies have developed too aggressively, resulting in tight or even broken capital chains. However, this does not mean that these companies have no advantages. As long as they are provided with a little motivation, they can still become very excellent assets, and can also bring good cash flow to themselves. "Behind the non-performing assets, there is also a great value to tap." Li Chun said that the main business of some enterprises has a good prospect. Due to the difficulty in circulating the periodic or short-term operating cash flow, they have defaulted on their debts. This can be achieved by introducing incremental funds to restructure their debt structure, revitalizing their business problems, improving their business management and competitiveness, and realizing value appreciation. In Li Chun's view, investors are more willing to counter cyclical "bottom hunting". After receiving non-performing assets, companies can package non-performing assets through investment methods and then put them into the market. Li Chun said that some enterprises pledged their own specific assets when financing abroad, with sufficient margin of safety reserved for the mortgage rate. After the external financing became non-performing, most of these assets (including high-quality assets) were frozen by creditors. When the creditor executes the mortgaged specific assets through judicial means, the intervention of non-performing assets M&A fund can quickly restore the liquidity of this part of assets, accelerate the non-performing settlement, and activate high-quality assets at a low price. "Vigorously developing non-performing asset M&A funds, taking market-oriented funds as the carrier, optimizing the resource allocation mode, revitalizing problem assets, and rescuing crisis enterprises are important entry points for supply side structural reform." As a private equity fund with the background of state-owned enterprises, Li Chun said that the shareholder units of Qingshan Lvshui Fund are state-owned enterprises and environmental protection leaders. Some environmental protection enterprises are caught in and close to thunderstorms. They will carefully investigate, analyze the difficulties of these companies, and bring these enterprises back to life through the replacement of non-performing assets and stock rights.
2019-09-27 10:09
Accelerate the landing of AI industry and establish the core fortress of AI People's Daily, Xiamen, August 9, under the joint guidance of the Central Cyberspace Office, the Ministry of Industry and Information Technology, the Ministry of Public Security and the People's Government of Xiamen, hosted by People's Daily Venture Capital Co., Ltd., Xiamen Municipal Bureau of Industry and Information Technology, and the People's Government of Huli District, Xiamen, organized by the People's Daily Artificial Intelligence Research Institute, and co organized by Cheetah Mobile, the "Artificial Intelligence Industry Development Forum" was held in Xiamen on August 9. After the meeting, Cui Ying, vice president of Cheetah Mobile, said in an exclusive interview with People's Daily Online that technology is not the real core barrier of the current AI industry. In the future, the entire AI industry will produce "really useful" products based on technology for different scenarios, so as to realize the real landing of AI in specific scenarios. Reducing barriers and accelerating application Cui Ying believes that the particularity of AI today is mainly due to the incompatibility between theory and practical application. In the future, AI will become the basic technology applied by a large number of technical workers. Through the industrial implementation of AI technology, the technical barriers will be gradually reduced, and finally the effective collection of scenarios and technologies will be realized. Today, AI has been widely used in education, medical care, elderly care, justice, home services and other fields, and has gradually played a role in intelligent education, smart government, smart cities and other industries. At the same time, intelligent robot technologies such as service robots, express sorting robots and so on have gradually entered people's lives. For example, the attitude of the reception staff in the shopping mall may change with the service frequency and the degree of tiredness, but the robot can achieve 7 * 24 non-stop service, and the attitude is consistent. On the other hand, the data deposited by the service robot can also help the management organization to achieve decision-making. The efficiency in this field will be significantly improved by combining the scenes and experience of the shopping mall. The main reason why service robot technology has not really risen is the lack of real understanding of the scene. Today's AI technology has only achieved "perception", which can only recognize faces, voice wake-up, voice synthesis, and semantic understanding. In essence, it lacks the ability of scene understanding and landing. This is not only the current difficulties of the industry, but also the direction of future improvement. After more and more scenarios are "AI oriented", the unadaptability of the original technical architecture is the reason why there are no good products in the field of artificial intelligence. The emergence of such defects forces AI enterprises to update their underlying technical solutions. Cui Ying reminded that in the era of artificial intelligence, the gradual maturity of algorithms contributes a lot, but if you pay too much attention to algorithms, you will eventually abandon the basics. The development of AI industry can not be separated from the support of massive data, and the amount of data training also affects the maturity of algorithm implementation, which reflects the lack of industry. The traffic has increased dramatically. According to the data of the International Federation of Robots (IFR), the global service robot market will grow rapidly to 17 billion dollars in 2020, with an average growth rate of 27.9%. According to IDC report, China's intelligent robot industry with robot 3.0 features is expected to reach more than 1.6 trillion yuan in 2027. In 2030, China may become a big country with labor shortage. Cui Ying said that these will become the development opportunities of Cheetah Mobile. According to Cui Ying, in 2016, Cheetah Mobile put forward the "All in AI" strategy to invest in the intelligent service robot company Orion Star. Later, Cheetah Mobile joined hands with Orion Star to create a robot ecosystem, build the industry's only full chain AI technology and launch an AI robot terminal that integrates hardware and software, serve the industry scene with robot intelligent solutions, build a business brain to support business decisions, etc., of which the full chain AI technology integrates chip+algorithm, full perception visual recognition, voice full chain technology Microphone array, seven axis consumer manipulator, indoor autonomous navigation platform and other technologies. She also introduced that in 2019, Cheetah Mobile will achieve a closed-loop business of robot business. On the AI To B product, this quarter, Cheetah Mobile focused on polishing the practical application of its intelligent service robot "Leopard Secret" in the industry scene, achieving 30% of the re purchase results. The "Leopard Secret" with Cheetah mobile intelligent solutions has been widely used in more than 20 scenes, including libraries, museums, government affairs halls, hotels, banks, court and law offices, police stations, medical places, schools, shopping malls, chain supermarkets, and constantly provides services such as intelligent guided tours, intelligent shopping guides, intelligent government affairs, and intelligent meetings, The average daily voice interaction reception frequency is up to 300000 times, far higher than the industry level. Through direct customer and channel sales, "Leopard Secrets" has gained hundreds of customers. Cui Ying revealed that since this year, Cheetah Mobile has joined hands with Orion Star to build a vertical integration of AI and empower more partners with full chain AI technology, involving public services, home appliances, hotels, etc. At present, Orion voice OS technology has been applied to Himalayan speakers, Xiaomi speakers, Xiaomi TVs, Xiaomi mobile phones, Midea speakers, etc. Cui Ying also introduced the AI To C business of Cheetah Mobile, and said that the technology closed loop has been completed through the mode of technology empowerment, leading to online blockbusters, and the Xiaobao AI translation stick has been applied in three core scenarios: social networking abroad, oral learning, and business networking. Cui Ying analyzed that Cheetah Mobile is good at creating tools, such as poison bully, Clean Master and other popular applications. The goal of tool extension is to turn tools into products that can really go deep into life, so Cheetah is to be a real robot that can be widely used by society and integrate into people's life. Seizing the opportunity, Cui Ying overtook at the corner and said that in the era of mobile Internet, the mobile traffic portal has been occupied by giants, entering the era of industrial Internet. With the rise of AI technology and service robots and other terminals, new traffic portals are emerging. The transformation and upgrading of B-end enterprises is a huge blue ocean. All enterprises involved in the industrial Internet may have the opportunity to "overtake at the curve". Take the field of service robots that have not been heavily deployed by BAT for a while. With the application of service robots in various business scenarios, it will become a traffic weapon in the industrial Internet era, just like mobile phones in the mobile Internet era. On the one hand, it gains massive traffic from the C end, on the other hand, it deposits big data to the B end enterprises, and builds a business brain based on it to help improve the efficiency of businesses and obtain corporate dividends. Cui Ying believes that mankind is going through a great era characterized by digitizing all physical environments. The digitalization of the physical world is essentially to make the real economy as efficient as the Internet. In the future, AI will effectively judge the characteristics of user behavior through the accumulation and analysis of big data, and build a business brain based on it to help improve the efficiency of B-end businesses, so as to obtain corporate dividends. She introduced that Cheetah Mobile hopes to enable real economy scenarios through AI. The intelligent service robot company invested by Cheetah, Orion Star, has built a full chain of AI technology. By re combining AI technology modules, focusing on AI technologies such as voice, vision, navigation, microphone, algorithm, and combining actual scenarios and product needs, the output is data driven, Intelligent solutions that meet the needs of adaptation and large-scale deployment in different scenarios, and help the intelligent upgrading of scenarios and B-end and C-end products in the real economy. In the near future, Cheetah Mobile AI empowerment strategy will continue to expand its business boundaries, adhere to the practical value of AI technology in actual scenarios and product carriers, and gradually participate in the G-end B end and C end are in the wave of industrial Internet upgrading in the context of the "smart+" era.
2019-08-14 07:55
Mei Song: Cultural and creative industries help high-quality development in Beijing People's Daily Online, Beijing, June 20 (Huang Lingli, intern, Yu Jingyao, Wang Yanan) On the afternoon of June 20, Mei Song, deputy inspector of the Publicity Department of the Beijing Municipal Party Committee of the Communist Party of China and director of the Beijing Cultural and Creative Industry Promotion Center, visited People's Daily to share with netizens how the cultural and creative industry can help Beijing's high-quality development. Mei Song introduced that cultural industry or cultural creative industry is an important way for Beijing to transform and upgrade. With the implementation of green and innovative development in Beijing, the proportion and development speed of the cultural industry have significantly increased. Since the first quarter of this year, the income of cultural enterprises has been more than 270 billion yuan, an increase of more than 9% year on year. "Good film and television works, animation and game works, online literature works, cultural and creative design products, etc., not only improve economic benefits, but also provide a lot of spiritual food and products." Mei Song analyzed that the cultural industry not only creates economic benefits, but also creates more social benefits. On May 11 this year, the 2018 Beijing Cultural Creativity Competition ranked the third in popularity on the list of "2018-2019 China's 20 Hot Cultural Creativity Events" released by People's Daily Online. This year is the fourth year of the Beijing Cultural Creativity Competition. As the sponsor of the competition, Mei Song said that he hopes to select a number of excellent cultural and creative projects and talents through the fair, open and equitable platform of the competition, and provide support to the rich resources. Compared with previous years, this year's competition, with the full participation of People's Daily Online and the support of new entrepreneurship services and media services, has improved its scale and quality. The applicants are very enthusiastic, providing real support and services for helping small and micro enterprises in the field of cultural entrepreneurship grow into "cultural unicorns". When talking about "cultural, museum, cultural and creative", Mei Song praised "cultural and creative works in the Forbidden City" very much. He explained that "a little more Beijing cultural connotation, a little more historical and cultural elements, so many products in the Forbidden City are popular once they are launched". In view of the fact that the cultural and museum products are similar to each other, Mei Song believes that in order to create high-quality cultural and museum products, excellent design talents are needed first, but many museums lack design talents. In this regard, he suggested that the cooperation between cultural and museum institutions and large platforms should be promoted through a market-oriented mechanism to tap talents and select excellent cultural, museum, creative and design works.
2019-06-20 17:46
Saifu Investment Yan Yan: a happy and suffering value discoverer Yan Yan (photographer: Han Yang, Daily Economic News), the chief partner of Saifu Investment Fund, became an independent Saifu Investment from Saifu Asia, which is affiliated to Softbank Group; Managed investment funds with a total size of nearly 6 billion yuan and 4 billion dollars; It has promoted the rapid growth of a large number of well-known enterprises in different times... In the core area of Beijing CBD, the dense office buildings have not concealed the difference of Saifu Investment. One of the most important reasons lies in the ups and downs and influence of its leader - Yan Yan in the venture capital industry. Yan Yan, who has passed the age of ear comfort, has been known as the "investment godfather" in the industry. The enterprises he invests in or shares in often have their own star aura, and some of his personal views and opinions are often held as the standard by the younger generation in the industry. However, when he looked back on his investment career of more than 20 years in 2019, he said that he was "happy and suffering". The older I get, the more valuable I become. "Twenty years ago, I was covered with green hair, but now I have white hair." Yan Yan once said to himself in his circle of friends that he could not hold his words or urine. Some people joke that this is childish in medicine. But in the eyes of those familiar with Yan Yan, it may be more like "being old and healthy". In 1994, at the age of 37, Yan Yan joined AIF, an Asian infrastructure fund, as an investor in Washington, USA, while China's local venture capital industry is still in the process of brewing, and IDG, Handing Asia Pacific and other institutions with foreign background are just emerging; In 2018, the number of private equity funds recorded in China reached 74642, and the number of registered private equity fund managers reached 24448. The "old man" who took part in the college entrance examination in 1977, went to Peking University in 1984 to study sociology as a graduate student, and went to Princeton University in 1986 to study international economic and political science as a doctor. Now he has passed the retirement age and is catching up with the "young and middle-aged" in China's capital market and venture capital industry. As he said in public, "Investing in this profession is more valuable as you get older. Like golf in sports, you can play until you are 80 years old, so I don't think retirement can be talked about." The essence of making money is during the AIF period. Yan Yan invested in projects such as Shanghai Zhongqiao, China Unicom, Chengdu Mianyang Expressway, CNOOC, etc., bringing relatively rich income to AIF. On this basis, Yan Yan chose to join Softbank in Japan in 2001, and jointly invested with Cisco to establish Softbank Asia Infrastructure Fund (SAIF). In 2005, Softbank Asia changed its name to Softbank Saifu, and then became completely independent from Softbank Group, opening a new chapter in his investment career. In Saifu, Yan Yan excavated 58 cities. "Craigslist, an online free classified advertising website in the United States, carries all kinds of life information. Users can find relevant classified information on this website when their toilet is blocked and they want to buy and sell second-hand goods. It is very popular among Americans. At that time, we wondered whether there could be a similar platform in China to collect users' information and needs. Later, we heard that Yao Jinbo in China was doing something similar, so we found him through a friend's introduction. " In Yan Yan's memory, Yao Jinbo was still shy and not very good at rhetoric. At that time, there were only more than 10 employees in 58 cities. Under such circumstances, Yan Yan invested 1.5 million dollars in 2007. The investment in 58 cities attracted the attention of the industry, and Yan Yan continued to "bless" Yao Jinbo with $3 million a year later. In 2008, the Asian financial crisis began to affect China, and the "cold winter theory" made many entrepreneurs shudder. Yan Yan sent a notice to all the invested companies: the financial crisis has affected a lot, and he suggested that enterprises should save money and prepare for the winter. But in May, Yao Jinbo still found Yan Yan to seek a new round of financing. "More than 1.5 million US dollars have been burned out in the previous round, but due to the impact of the financial crisis, most of our colleagues are more cautious about investment, and I am also hesitant to add Yao Jinbo." Ten years later, Yan Yan still remembers that Yao Jinbo, who was still shy, sat in the office of Saifu and explained the company model to him when his hometown of 58 was almost facing dissolution. "Are there any competitors? What is the business model? What is the demand of users? " After Yan Yan threw a series of questions to Yao Jinbo, he decided to shoot more when he saw the opportunity. "The way of selecting investment targets has not changed in the past 20 years." Yan Yan said that the essence of investment is to make money. He hopes that when making investment, he can make money and bring benefits to the society. "No matter how the times change, the essence of investment is the same." Looking back, Yan Yan thinks that God is balanced, and the investment industry brings people joy as well as anxiety. Only risks can bring returns. "If you go to the investment class, the first lesson is to learn what is called risk and return." For Yan Yan, the biggest return and happiness in the investment industry is to accompany the invested enterprises to overcome difficulties and succeed, and let many people benefit from the project. Yan Yan still remembers the expressway from Hangzhou to Qiandao Lake, which he once invested in, making it possible for mountain residents near Qiandao Lake to move towards the city center. "When the expressway is built in the mountain, the mountain residents can transport their own mountain goods to Hangzhou for sale, and the income level of local residents has increased four times." When Yan Yan recalled that the mountain residents invited him to visit his home in order to express their gratitude, the happiness brought by the investment made him unforgettable all his life. "Investment is something that cannot be hypocritical." It was with this idea in mind that the first phase of Softbank Saifu Fund at that time successfully raised $1 billion, and then independently raised a second phase fund of $640 million. In the meantime, Yan Yan did not feel too much pressure to raise funds. "I don't think it is so difficult to raise funds, but the investment institutions are differentiated." Yan Yan believes that funds with good performance are easier to raise funds, while those with poor performance are more difficult. "In 2015 and 2016, anyone can finance funds, which is not so easy now. So for most funds, it should be more difficult. But for those funds with good performance, it is easier." In his opinion, at present, there are too many investment funds registered in China. "The streets are full of investors." Yan Yan said that China's investment funds are different from those in the United States and other countries and regions, with a term of five years, while those in foreign countries are mostly 10 years. "This also reflects that many of China's investment behavior is actually a fast food culture, which is only busy making money as soon as possible, but is at a loss for long-term future interests." In the investment culture with arbitrage as the mainstream, it is actually difficult to make long-term scientific and technological investment. "To make long-term investment is to invest in things that are not in the wind. If everyone goes to catch up, the society will be terrible. " In his own investment process, although he has captured many well-known enterprises in the sub industry, Yan Yan admitted that he does not believe in the wind. Pinduoduo, Today's Headlines, Tiaoyin and other projects are all created under the condition that there are already leading enterprises in their sub industries. Technological progress will continue to bring about innovation in business models. Human beings will never stop, and the next wave of mobile Internet has not yet begun. More new business models will emerge as 5G drives the Internet of Everything. "There is always a chance to make money in life. Don't worry that there will be no shop after you pass this village. Some so-called venture capital 'tuyeres' are like black humor. Big guys jump in bravely, and the real capital market will show its true shape, Yan Yan can always see what others can't see. Just as most people are full of expectations for the Science and Technology Innovation Board and the registration system, Yan Yan is "cautiously optimistic" that although the Science and Technology Innovation Board is good, the quality and vitality of the shares of listed companies need further in-depth consideration. (People's Venture Capital: Huang Sheng)
2019-02-02 15:09
Junlian Capital Chen Hao: a value investment leader who puts priority on things and people Chen Hao, President of Junlian Capital (Photographer: Han Yang, Daily Economic News), looking at the development history of the domestic venture capital industry, Junlian Capital established in 2001 should have a place. As the first professional venture capital institution under Lenovo and one of the "troika" of Lenovo Holdings in the field of private equity investment, Junlian Capital currently manages more than 40 billion yuan of capital and invests in nearly 400 enterprises, ranking top in the industry both in scale and growth. In 2018, in the context of the market's general feedback of "difficult exit", Junlian Capital's investees had 13 companies landing in different domestic and overseas capital markets, such as A-share, Hong Kong Stock Exchange and NASDAQ. In addition, one investment company had passed the meeting and handed over a beautiful answer sheet. As the president of Junlian Capital, Chen Hao has profound insight and clear understanding of the entire venture capital industry and Junlian Capital's own development. In the face of the so-called "capital winter" in 2018, Junlian Capital, as the head institution, did not feel so obvious. However, Chen Hao made in-depth thinking about the current situation and problems that the industry faces, and made suggestions on several public occasions, which is the best embodiment of the sense of responsibility of an investment veteran who has worked for many years. Under his and his team's planning and management, Junlian Capital has witnessed rapid development in recent years, with the average size of a single fund at the level of $500 million. With the increase of the amount of funds under management, the investment speed is also significantly faster than in the early stage, and a large number of high-quality projects have been invested. When summarizing his investment career with a key word, Chen Hao did not hesitate to say Junlian Capital's investment methodology: "Things first, people first." This is the most true feeling he and his team have come to after years of in-depth communication with front-line entrepreneurs. In his view, only by cooperating better with excellent entrepreneurs and helping them grow better, can capital obtain greater returns. On the wall of Junlian Capital's conference room, a Chinese characteristic venture capital development road is hung with a carefully framed character, "rich and honest", signed by Liu Chuanzhi. Looking through the window of the conference room, the words "Lenovo Holdings" on the opposite building are clearly visible. 18 years ago, when Lenovo began to expand its diversified business, Liu Chuanzhi transferred a team of more than 20 people into the venture capital field and founded Lenovo Investment, the predecessor of Junlian Capital. Chen Hao was one of the three core members. The first phase of Junlian Capital was funded by Lenovo Holdings with 35 million dollars, hoping to "help and promote the growth of Chinese start-ups with capital and management". In 2012, Lenovo Investment officially changed its name to Junlian Capital. It can be said that the development process of Junlian Capital is the epitome of the entire venture capital industry, and Chen Hao himself has witnessed this soul stirring history. As he said, venture capital started in China at the end of the 1990s, and achieved rapid expansion with a quite vigorous trend. "Looking at the world, except the United States, only China's venture capital industry has achieved such development". According to the latest data of China Securities Investment Fund Association, as of the end of 2018, there were 14683 private equity and venture capital fund managers registered with the Association, 27176 private equity investment funds, with a fund size of 7.71 trillion yuan, 6508 venture capital funds, with a fund size of 0.89 trillion yuan. From the perspective of development speed and scale, there is no doubt that it is quite considerable. Chen Hao commented that this is due to the great environment and the efforts of everyone in the industry. "The most important thing I think is that it supports Chinese innovation and is a very important force for Chinese innovation and entrepreneurship.". In his view, China's venture capital industry has not only made great progress in terms of quantity and scale, but also explored and formed a development model and path with Chinese characteristics. The first type of institution with Chinese characteristics is a fund management company with industrial background and independent operation. Take Junlian Capital as an example. It is an independent venture capital management company with its own industry genes and was born in Lenovo. There are a large number of external LPs and a number of funds managed by itself. Such cases are rare in foreign countries. The second type of institutions are investment institutions with government background. They manage large-scale funds, which not only have good returns on investment, but also play a very important role in driving the development of local industries. The third type of institutions mostly adopt investment institutions with star investors as the core. "These different types of institutions combine to form a rich and colorful investment development path with Chinese characteristics. Junlian Capital is also honored to play a role in this. " Reviewing the development history of venture capital for 20 years, Chen Hao expressed with emotion. Although there are a large number of venture capital institutions and many institutions shouted "difficult to raise funds" in 2018, in Chen Hao's view, the rising project evaluation criteria can only explain that the industry needs the normal survival of the fittest. "In the future, funds should be more and more concentrated on these institutions and funds in the head. Only in this way can the industry achieve healthy and sustainable development. It also enables the industry's GPs, including us, to further improve their management ability in terms of professionalism and uniqueness." It is understood that Junlian Capital's initial investment focused on the IT industry. However, after 2006, the agency continued to expand its investment territory. In recent years, it has begun to highlight team specialization, established investment teams in vertical fields such as TMT, advanced manufacturing, medical health, culture and sports, and consumer services, and worked hard in the direction of "specialization" and "specialization" as Chen Hao said. There have also been quite significant changes in the criteria for start-ups, entrepreneurs and specific projects. Chen Hao used a word to describe the trend of these changes, "the rising tide makes the ship higher", and explained it from three dimensions. The first is the improvement of technical standards. Entrepreneurs 20 years ago often brought advanced technologies back to China from overseas, but these technologies are relatively scattered and scattered, not enough integrated with the actual industry, and lack of new business opportunities. In contrast, many entrepreneurs today are directly involved in innovation and entrepreneurship companies in China, participating in R&D and application, and undoubtedly more closely integrated with the industry. The second is the change of business standards. Chen Hao said that this dimension is more about judging the market potential and scale of an enterprise, as well as the possible income, profits, industry competitiveness, etc., which will become an important reference standard for institutions to measure whether to invest in the project. Take the Excellence Network invested by Junlian Capital in its early years as an example, its revenue in the first year of official operation was only a few million yuan. Today, e-commerce is facing a trillion market, with amazing market potential and relatively more opportunities. The third is the management dimension. That is to say, investors' standards in judging people, finance, materials, supply chain management, companies, teams, culture and other aspects of enterprises have also changed greatly. Chen Hao said frankly that the current entrepreneurial environment, including the quality of entrepreneurs, is different from that before. Therefore, "our requirements for the management of these enterprises must also be improving, and this ruler is to be improved". The investment methodology of "putting things first and putting people first" and "putting things first and putting people first" is Junlian Capital's investment methodology, which is also the core of this old institution when selecting investment targets. If you want to say the origin of this idea, you can also trace back to the first project invested by Junlian - iFLYTEK. From investing in the company to the final successful exit, Junlian Capital has stuck to it for nearly 13 years, which has also created a good story in the industry. Chen Hao recalled that when it invested in iFLYTEK, the company was still a team with only dozens of people, focusing on research and development, with an estimated value of less than 200 million yuan. Now it has grown into a listed enterprise with thousands of employees, billions of yuan in revenue, and 60 billion yuan in market value. During its 18 years of development, iFLYTEK has also encountered more than one "dark moment". For example, at the beginning of its development, iFLYTEK suffered a cold spell in the market, with declining performance and serious losses. Junlian Capital, as an investor, has given sufficient support from business model, strategic strategy, resource docking and other aspects in this process to help founders and enterprises recover their hematopoietic capacity, gradually walk out of difficulties and form a virtuous circle. This well reflects the concept of Junlian Capital Investment. As Chen Hao said, the final foothold of service should be focused on "people" as much as possible. "A little like the ancients said, 'Giving a fish is better than giving a fish', which is not simply to give entrepreneurs a resource and an immediate help, but to teach management methods and improve their ability to deal with problems, so as to help enterprises break through their own bottlenecks. This is the most studied and most concerned point in value-added services." But on the other hand, Chen Hao also pursues the purpose of "doing something and not doing something". For the value-added services of enterprises, we adhere to the basic principles of "value identification, mutual trust, and equal dialogue", and pay attention to the transmission of methodology and skills. In his view, the focus is to provide value-added services to innovative enterprises in three aspects, namely, strategic decision-making, talent introduction and team building, and the introduction of key resources for company development. In addition, Chen Hao also proposed that in venture capital, especially in the early stage, some technological innovation enterprises should strive for key help. "In the early stage of development, high-tech enterprises generally face three difficulties, namely, technology, market and management. Valuable venture capital institutions can more actively help enterprises in market and management." (Daily Economic News: Li Lei)
2019-02-01 16:24
