At present, social interaction is almost rotten. Any industry will add a social element, and anyone may say that I am a social interaction. So do you really understand what social interaction is? Do you really understand the nature of social interaction? In this paper, I will try my best to use the whitest and most concise language to explain my shallow understanding of the social industry.

Good question, no chance to breathe.

Personal understanding, socializing, stripping away all other things, the most core essence, in fact, is just one sentence,Socialization is time..

Well, I think someone will definitely refute me, cursing this guy xx in my heart. Why do you say that socializing is time? Let’s release it at the next level. Socializing is actually a process of communication between two people, and this process is not to pay time. Don’t tell me you’re a Nami buster. Touch the antenna. Over.

As mentioned above, socialization is the process of communication between two people, and why should we spend this time to do it? Remember that human beings are relatively dark animals, and the so-called unprofitable can’t afford to get up early. Well, what human beings do is basically purposeful, and the answer to this purpose is actually quite simple.To get the same amount of value exchange.

What is value exchange? Take a chestnut as an example. I am a student and you are a teacher. The social behavior of the two of us is in class. I spend time in class and you spend time in teaching. My value is RMB (tuition), and your value is knowledge in my stomach. I exchange RMB for your knowledge. In the course of class, time is brushing away. Isn’t this social? Please raise your hand if anyone else doesn’t understand.

In general,Conventional value exchange includes the following: interest exchange, concept exchange, value sharing, food, loneliness, social factors, life needs, finding a sense of existence and so on.

In a word, socialization is actually a process of "trading" with each other, but this "trading" is not a concept with ordinary "commodity trading". More is equivalent exchange. If one party can’t make the other party feel that our value exchange is balanced and cost-effective, it will also break the social balance, resulting in social loss.

This time, you can understand why money is everything. Money can exchange anything for you, so you won’t feel unbalanced, and you can maintain a long-term social relationship.

This formula, which I learned from previous lectures, is almost as exquisite as the mass-energy equation.

A+B+T=R

To explain, A is one user here, B is actually the other user, T is the time, and R is the reward. Continue to release, you can get the following formula:

Personality (advantage)+interest (demand)+time commitment = return.

The A-side is everyone’s different personality, which will be his advantage. The advantage of personality is similar to the assets in the physical transaction process and is your bargaining chip. For example, I am handsome, I am beautiful, I am brilliant, I am humorous and so on.

B-side is people’s interests and needs, that is, the general social sponsors. For example, I want to see beautiful women and listen to stand-up crosstalk, which is my demand, and the advantage of a user at A-side is that it conforms to my aesthetics and beauty! Then cut the crap, let’s get it straight, and B will start hooking up with A, and naturally social relations will be formed between AB (there is nothing you can do if A ignores you).

The intermediate process of combining personality advantages and interest needs requires the investment of time, energy, money and other elements, that is, cost. Everything is based on social time. You have to spend time thinking about him and spending money. This is the social process. In short, this is the essence of social interaction.

After the process of socializing, there is a reward. This bonus return means that one party is cool and the other party is high. Maybe it’s a win-win situation, maybe it’s a single win, maybe one wins more and the other wins less. Judging from experience, it is possible to maintain a long-term social interaction when the two sides reach a static balance. Unilateral repression will generally not have a good result (the same is true for love).

On the whole, the normal and stable social behavior of human beings is produced through such a formula.

Are there any exceptions?

Yes, not much. For example, love at first sight, in fact, is that both ends have become one end, how to understand, I think (deserve to be single for 10 thousand years)!

Two perspectives that will remain unchanged for ten thousand years:Spiritual or material rewards.

The spiritual reward is more about satisfying some of our needs physically (with a wry smile), and at the same time, psychologically, it will bring you continuous satisfaction such as vanity, existence, curiosity or belonging, which is the main thing, and there will also be spiritual rewards such as satisfying knowledge and information exchange.

The material rewards are relatively simple, such as cars, houses, money, etc., as long as you can touch them in reality, you can do it.

Judging from the routine in previous years, material rewards are often more attractive to users, but at the same time, it is more difficult. Spiritual rewards also started a concentrated outbreak last year, which is represented by similar high-quality original articles, people from below, and so on.

Relationship chain, information and interaction.And social behavior, fundamentally speaking, is also composed of these three.

The production of information will promote the interaction between users, and the interaction between users will directly affect the establishment of the relationship between users; This will lead to new content.

In the social category, it refers to the nature of interaction between people. It lies in three aspects: the establishment and maintenance of the relationship chain between people.

The main purpose of relationship chain is often to obtain the potential future value of social interaction.

In the social category, it refers to the content information flow. It lies in three aspects: production and processing of content, presentation form and consumption. And the content itself has qualitative and quantitative attributes.

Paying attention to content-based socialization is often to obtain a certain content or consume a certain information or content at the moment.

In the social category, it refers to the way people interact with each other. According to the mechanism of interaction, it is divided into conditional interaction and content interaction. There are one-to-one, one-to-many and many-to-many interactions in the participation mode. And realize that interaction needs media.

Interaction as the main purpose can often relieve boredom, enhance self-worth and get rich emotional and psychological experience in return.

Socialization is time, and each product actually takes up your time, but some waste your time, and some save your time. So, Internet social products naturally came into being.

Looking at the whole social process and combing the core key points, we can see the following:Breaking point, breaking ice, relationship chain, community, quality control, stickiness, transformation, profit, reciprocating, nothing more than this.

As the name implies, it is the core point of your social platform to attract users. Remember that it is best to have one or three points.

The social products visible in the market must be very large in some way, which will lead to a large number of users pouring into your products, and this kind of demand amplification is often the rapid amplification of common needs in life, which will produce such an effect.

But it will also lead to some catastrophic problems (as mentioned below).

Imagine that a user was fooled by you and wanted to play this game. As a result, when he came in, he saw that there were n points on the platform. After looking for a long time, he didn’t find the point that attracted him, so why not lose it?

There are too many explosions in history, such as the free SMS of WeChat, the map socialization of Momo, the interest socialization of Same, the acquaintance socialization of Facebook, the teasing style of xiaokaxiu, the new mode of exploration, the burn after reading of Snapchat, etc., which are listed as much as possible after the article, so I won’t go into details here.

There is no problem in ten thousand years. If you initiate hook-up unilaterally forever, the response rate of the other party is extremely low. In some cases, this low is fatal, and many platforms are just Over.

In fact, there are countless factors involved here, such as social hooking skills, platform matching accuracy, mood of both parties, etc. The social scenes of each platform here are different, and the social explosion points are different, so it cannot be generalized.

The only thing the platform can do is to match the hardware conditions of both parties as accurately as possible, and the platform can do nothing about people.

After successfully breaking the ice, the two sides actually established a relationship chain to some extent, and the establishment, maintenance and development of the relationship chain is a social problem.

Establishment is the process of breaking the ice, and how to maintain it better is also an intuitive life and death on the other hand.If the success rate of the platform is very high every day, but all the platforms are transferred to other platforms (you know), this platform has actually become a tool for "purchasing goods" in the minds of users.It’s still a little scary, isn’t it? But it’s true. How to solve it depends on the community.

The development of the relationship chain is actually more related to the life time of the platform. The more intertwined and deeper the development, the longer the survival time of the platform, and the more secure it is as time goes on. With this solidity, it will be relatively easy to realize profits.

Another 10,000-year-old problem, what is the community? Personally,The community is actually a small post bar, which takes the points of interest as the core point to aggregate the users on the platform through the points of interest.It’s that simple? Yes, it’s as simple as that, so why is it a perpetual problem?

The quality and quality of the community almost determine the lifeline and trend of the whole platform. The relationship chain between individual users is life and death, and the community relationship platform between multiple users is the lifeline.

Although the community is important, it is useless to blindly ask for more. Look at the current WeChat and qq. How many communities are dead? If the community is alive, the platform will smell, and if the community is dead, the platform will be dead (this is also the reason why the circle of friends exists).

Where is the top community at present? I think it’s Baidu Post Bar. Some people say it’s not Douban, Tianya or something. Pay attention to my adjective, top class, instead of community quality.

At the beginning, Post Bar was a typical blue hyperlink, big frame, replying to the post and cursing the street, and then Post Bar declined more and more. I think the reason is that people’s time is more and more occupied by other emerging products, and the quality of Post Bar is low (some, at that time, unspecified), and it is not driven.

As time goes on again, Post Bar has changed its skin, invited several designers, and the style has become taller, but the model is still the same. The difference is that it has been integrated into many Internet thinking and closely combined with fan content. It has been pulled up from the bottom, and it has become the most active, comprehensive, largest and professional social platform in China. Slogan has also become a post bar to find an organization, and the organization is just a point of interest, just like before.

The importance of community is closely related to the value it brings. It can promote activity, stickiness, realization, screening content and production content, etc. Every high-quality community is actually a small independent country., have their own laws and regulations (bar rules), the boss (bar owners), the younger brother (management), ordinary people (users), scum (blacklisted users), spiritual food, beliefs, almost everything. Run the community well, to some extent, the whole platform, you can safely hand it over to them for the whole, round after round of regular user iteration, almost no dead end.

Of course, keep your head alive, don’t chew on a thing, think about Kaixin. I don’t know how to change and keep pace with the times, but I’m sorry I have to be abandoned by users. However, there will still be a special case, that is, our Baidu Post Bar. Baidu is a magical company. After winning the first export of Chinese Internet, almost all the first-hand resources will be diverted into its own products, so I don’t know whether this model will still be alive and well even if it is posted 100 years later (if Baidu is still there).

Quality control and disassembly means quality control, and there are several directions, such as platform manual audit, machine screening, sampling inspection, reporting, etc., but personally, from the perspective of platform,, the most time-saving and labor-saving and the best effect is to use the community, which is equivalent to hiring a lot of younger brothers who don’t spend money to keep an eye on you. Why not? And they are all professional, at least more professional than you, and their quality control should be better than you.

Increasing user stickiness is also related to many factors, such as user quality, content quality, profit point, word of mouth, number of users, etc.The easiest way to improve stickiness is the magical community. Cooperate with the operation means of the platform to further expand this effect.So you know how important the community is.

If you have crossed so many barriers before, congratulations, you have almost seen the sunshine of victory.Or through magical community means, the quality of platform users and content has been successfully improved, and the constantly generated new content and new users have become fresh blood. The lower level has independent users as the main support (of course, there are many side details, which will be described later), and the upper level has high-quality communities to help maintain and screen, and the users of the two levels will continue to be alternately transported (inactive users are kicked out), which has become a more successful social system.With this positive development, your market influence will gradually expand and the number of users will gradually increase. What you need to do is to firmly grasp the top community of the platform, and it is time to add some profit points appropriately.

This problem has multiple profit models according to different scenarios, purposes, platforms, etc.However, looking at the current common profit models, there are nothing more than traffic realization, value-added services, membership fees and commodity sales. The first two are almost the profit points of the current mainstream APP, not to mention.

Membership fee is more interesting, as if it was specially bred for social platforms. The premise is that you control the quality of platform users and the quality of content (poor). Only in this way can users join willingly and pay for it one after another, but this risk is also the biggest, and it is very likely that users will abandon it from now on, so consider it carefully.

E-commerce platforms are the most popular for commodity sales, but I think that through community or analyzing the attributes and preferences of independent users, we can make vertical commodity recommendations and earn CPS fees. If the algorithm is proper, maybe this can become the main income of the platform. However, if you use it with caution, it will annoy the user, and it is also possible to uninstall it in minutes.

After the profit is completed, it is actually a complete social platform process. You can return to the relationship chain to optimize and explore again, or you can continue to focus on the community, constantly reciprocating, constantly changing, and constantly making profits. Of course, the wishes are always beautiful, and the reality is always cruel.

• Respect for human nature: high efficiency, excitement, interaction, concealment, etc.
• Good products: product design+business model+promotion, etc.
• Good team: strategy, operation, execution, etc.

These three points have been brought into full play, and I personally feel that there is no one after WeChat.

It’s light enough (efficient), it’s interesting to shake the drift bottle (exciting), the brush in the circle of friends is ok (interactive), the news can be ignored (hidden), and the second and third are not mentioned. It’s obvious to all that there is a boss in control.

The mobile Internet has brought social networks into a new stage. About gun artifacts, photo artifacts, interest groups, and various content sharing; Social applications are currently classified into different categories.According to the strength of the relationship, it can be divided into acquaintance socialization and stranger socialization, and it can be divided into various vertical social fields according to the field, and it can also be divided into pictures and videos according to the information bearing mode.And it also has a great relationship with social motivation, which is diverse and changing. Identity, background and different situations play different roles, and the motivation of social interaction is different. What we can grasp is the essential needs of people.

Facebook is a social graph based on "I know U", but in the later period, due to the small user scale (think about how many people you can know in reality), Facebook studied various models to bring together users with the same interests or excitement, so that such a large user scale was produced. In fact, this is also related to Facebook’s own observation of user retention, preventing users from losing too quickly, and the 521 principle are not discussed.And Facebook is simply the most awesome existence of Internet social interaction. At present, almost all social interactions are based on strangers turning to acquaintances, while only Facebook is based on acquaintances turning to strangers.Of course, there are also some in China, such as a game (ren) investment (ren) network.

Wechat, acquaintances have to mention WeChat, and WeChat is actually based on the early users led by qq. Tracing back to the source, qq was originally based on strangers, but it may be a bit far-fetched, so it should be classified as acquaintances, and it should not be humiliating.

At the beginning, WeChat focused on "free SMS", followed by the voice message function, which immediately improved the communication efficiency and enriched the communication scene. Then "people nearby" and "shake" appeared, which broke this closed field and began to communicate with strangers. Later, a circle of friends appeared, and people’s information began to settle down. Later, WeChat official account appeared, and WeChat official account was divided into subscription number and service number. At this time, WeChat began to attract enterprises, communities and larger media. Since then, WeChat has achieved explosive growth, and then laid out the red envelope function, with the intention of paying on WeChat, paving the way for commercialization, content subscription and offline.Every time I think of the whole process, I can’t help but feel goose bumps. With such a clear line, who dares to say that the success of WeChat is accidental?

Light interest+light socialization

Classify the content (pictures, videos) published by users with tags, and then push/guide the personalized content to users with interest tags as the index. Some applications will be completed in the form of user-defined labels, while others will be matched by background algorithms.

Provide users with all kinds of labels. This work may be completed when the user uses the application for the first time, or it may run through the whole software operation process.

Light interest+heavy socialization

Combining with LBS, we continue the fine traditions of Post Bar, Douban Group and QQ Group, and create multiple interest groups under independent application. Online dialogue plays a supporting role in organizing offline interest activities.

Pay attention to interest+socialize

Focus on a single interest keyword, and build a high-concentration interest social platform for users with specific needs around this theme.

I won’t give examples of products here. There are eggs at the end of the article and they are displayed there. If you want to see them, you can just look at them directly.

As for the relationship between users, due to the penetration of the Internet, in addition to establishing a relationship accident among users in various ways, we must start to develop a new relationship, which can be called "sub-relationship". Sub-relationships here refer to those who, for ordinary users, do not need to identify others, but only aim at obtaining a certain content or generating an interactive behavior. That is, I don’t need to know who you are, what your identity is and where you are; Just get the results I want.

Information production needs to be further emotional, intelligent and personalized. People’s emotional demands need to be captured and satisfied through more emotional design. And people’s rational demands need more intelligent design and experience to realize.

For the interaction between users, we need to borrow more new media. New intelligent hardware devices are fully utilized to realize remote multi-dimensional interaction of users or to simulate physical interaction. At the same time, the use of some biotechnology may have different effects.

A very classic and disastrous example, friends who are engaged in social direction should have heard it more or less.

As mentioned above, after the explosion, the problem that may be faced is the influx of a large number of users. Some people say that this is a good thing, but I don’t think so.

The gun artifact "Mo Mo", now that everyone mentions it, still thinks it is a gun artifact. In fact, "Mo Mo" had a very stable pyramid structure at first.

• Taki: At the bottom of the pyramid are the so-called diaosi users, diaosi men and diaosi women;
• Middle level: there are high-quality users in the middle, especially women (one high-quality female user can bring seven male users);
• Spire: The top ones are some big V’s and Gao Fushuai’s.

The pyramid has been put up. At this time, the pyramid structure is quite stable, and its internal ecology is balanced. However, all the bottom diaosi users will continue to chat up and pursue the high-quality users in the middle, satisfying their vanity. High-quality users in the middle can screen out the top-level Gao Fushuai, which is equivalent to the role of blue chip stocks. Users at the top will find that there are really many girls with high value and good figure around. Then overnight, the reputation of the cannon artifact spread, which can make the nearby hundreds of meters become 5 meters below zero.

As a result, many diaosi users poured into this application. With hungry eyes, constantly say "about" to the middle quality users? About … ". After such a long time, this behavior changed from "pursuit" to "harassment", and the cost of screening for high-quality users became higher. For them, the value of this product was not so high, so they began to flee. At the same time, there are women who have slipped or special occupations, such as wine trays, rice trays and princesses in boxes. The value of socializing has changed. Gao Fushuai, at the top, realized that it was inefficient to meet high-quality women, and Gao Fushuai users began to lose, so the pyramid began to lose balance and collapse.

When the rules of social products can’t restrain its massive users, it will make its ecology out of balance.

Then the question is coming. If I were the product manager of Momo at that time, how would I solve it?

Momo is really having a hard time now, and the process of whitewashing is very painful and long, and it has also invested a lot of money, and the effect is still good.

Among the two unequal classes, the daily limit is limited. If the limit is exceeded, you can directly guide the payment. Please note that it is in the unequal classes, such as diaosi, which is of high quality. And diaosi chatting up diaosi is still unlimited.

This not only controls the trend of one-sided user interval, but also carries out appropriate liquidation test, and the order of the bottom users is also very large, so the risk is controlled within the controllable range to solve this problem.

Of course, the problems and risks are still there, and the test can be gradually confirmed and explored (it seems that I also voted for Momo’s resume at that time, but I didn’t have a phone call).

This should be a hot topic recently, but I think there is something wrong with the logic of this sentence.It’s not why Alipay wants to socialize, it should be "why Alipay has to socialize".

It seems similar, but it is not. The former is active and the latter is passive.

It is not difficult to see that Alipay has become the top APP in the current installed capacity of mobile phones.It is not how sticky it is, but that Alipay is just needed. Under the cover of such a huge volume of Taobao, Alipay is the only payment method, and its volume is already obvious.

Such a simple question can be seen by people like me. How can Ma Yun’s father not see it? Once users just use you as a tool, even if you just need it, there will be risks. Although this risk is not even a little bit at present, it is all about the Internet, and it is changing rapidly, especially the e-commerce. Today, Taobao is the only one. Who can prove that Taobao will not disappear after ten years, so it will disappear with Taobao (after a hundred years? ) and the decline of traffic (perhaps in the near future) lead to the direct problem of Alipay’s decline, and in order to prevent the worst result from happening, we have to move the big move to Alipay in an attempt to maintain users.

Then why not put Alipay’s social function into the current Taobao?

I think this question has to start from the scene. First of all, Taobao already has social activities, right, such as Wangxin and Ali Wangwang, but the scene is a communication tool for buyers and sellers. Although it is also social, the added value is not great. Taobao also launched the function of asking everyone last year, which is also a social interaction in the form of question and answer. This is not an instant social interaction, which is beyond the scope of this article. Looking at it in detail, Taobao has launched Taobao live broadcast, and live broadcast is also a social means. Taobao is also in the experimental stage, and it is unlikely to become Taobao’s social main force in the short term, and its position on the home page is relatively backward. Community, which was vigorously promoted last year, is still a shopping scene because it is all about goods, not people, and it is not an instant social interaction. The mode of community social interaction is also different from the traditional understanding. To sum up, there are only four reasonable social ways at the moment, and only Wangxin is the instant social and shopping scene that users understand.. The fatal problem is that this social scene is actually under the wings of business, and it is almost impossible for users who get from this scene to transfer to real life or to traditional friends. So it is not difficult to understand why Taobao has to socialize.

So why do you have to put it in Alipay? As I said before, theoretically, the installed capacity of Taobao and Alipay should be approximately 1:1, and the installed capacity is very large, so both sides are the same starting point.Wangxin in Taobao cuts strangers socializing, and the scene is shopping. The social interaction in Alipay cuts acquaintances socializing, and the scene is similar to WeChat.

That is to say, it is a passive prepayment. Assuming that in the foreseeable future, Taobao disappears or Ali transforms to do something else, Alipay can still exist in the user’s mobile phone, and it is also a good choice as a daily communication tool.

In fact, it’s okay. From the user’s point of view, it doesn’t matter which platform is available, easy to use and useful. However, the advantage of WeChat is huge, and Alipay has to come up with some new products.

At the beginning of the year, the gathering in Five Blessingg was really an anti-God activity, and I was deeply impressed.

E-commerce socialization and community, can it really be useful?

The answer is obvious and certainly useful, otherwise what else would he do?

At present, there are two markets that do best, but the scenes and means of these two companies are different. The first is Taobao, a community model, and the second is JD.COM, a shopping circle. There is nothing to say about the former. The traditional community model, which clusters users with goods, increases the stickiness and activity of APP users, and leads to purchase behavior by giving hands to points, is a more conservative and traditional practice, which is beyond reproach.

JD.COM, this is interesting, and there are many articles on the Internet, so I will briefly introduce them. The shopping circle is an entrance that JD.COM left on WeChat. After shopping, users can directly share the goods in the shopping circle from JD.COM Micro Store, and the shared goods can be seen not only by friends but also by other users.The point is that this other user, WeChat or JD.COM, has not given any details about how this other user was screened out.

Personally, I guess,According to users who have the same purchase behavior, JD.COM conjectures everyone’s preferences and essence through WeChat combined with general life scenes, and matches the connection through algorithms, which is the selected module.What’s interesting or scary about it?JD.COM connects shopping social scenes with life social scenes. He knows your life preferences or related labels and can recommend them to you according to your life thoughts. In this case, it is far more terrible than Taobao’s independent community in terms of human nature and success rate.I don’t know how far WeChat talks about data sharing. If the authority is very high, I have to say that JD.COM is a scheming boy.

If this is done well, it is not impossible for JD.COM to join hands with WeChat to surpass Taobao. Why do I make such wild remarks? No, I only speculate from the current market and human nature, or it may be nonsense.

Last year, Facebook acquired Altas, a veteran DMP.In addition to online data, there are also some offline data, including the transaction data of some users’ credit cards, which helps Facebook to build a high credibility of the number of users and provides online and offline complementarity.

About 97% of Facebook’s revenue is contributed by advertising. The horror is that the company’s growth rate is as high as 40%+(Q1 in 15 years), which is four times that of Google. If this continues, Google will be overtaken by Facebook’s advertisements, and the fundamental reasons for all this are different from the fundamental principles of advertising.

Google is passive, Facebook is active.

What is passive? When you search, it has nothing to do with yourself, but it has something to do with your search behavior, that is, there may be conflicts between the two. For example, if I search for toys, it is very likely that I just want to look at them and don’t want to buy them. If it is in CPS mode, there will be no income and low efficiency if there is no purchase behavior.Active display has a great relationship with you. Daily browsing and people’s preferences are recorded, and according to the advertisements displayed by these things, you can not be creepy.

So Facebook is already a good example, but he only advertised, and WeChat is similar to Facebook, but he hardly advertised, and turned to another profit model, joining hands with e-commerce, sharing data, recommending advertisements based on people, and attracting money.In fact, there is another problem, that is, the habit of users buying on WeChat has not been developed in a large number (compared with e-commerce platforms such as Taobao), so this is why it can’t be done.

JD.COM’s main APP has no action for the time being, only a simple discovery function, which is far from the related scenes described and the current products. What’s more interesting is that the shopping habits of users in JD.COM APP scenes have actually been developed, so it is not difficult to think about it.If JD.COM APP is a community, using the user data shared by WeChat, combined with JD.COM’s own purchase behavior, it will be more interesting to push and match accurately and directly hit your heart.(Taobao’s community is also completely based on your search behavior, and to some extent it is not equal to this ideal model).

The pit is coming, and the pit is coming. Simply talk about the pit you saw or encountered.

Represents the scene, marriage and social intercourse. Marriage and love are represented by companies such as Lily, jiayuan, Zhen ‘ai and Youyuan. Why can’t we say that the more we see, the better? First of all, if you are a man and want to chase a girl, do you want the whole world to see this girl? Certainly not. If you do, you may have two choices, one is to chase and the other is not to chase. From a mathematical point of view, the probability of both is the same. If 100,000 people see the girl you like, theoretically you will have 50,000 more competitors. I will go and think about it.

Secondly, from the data point of view, the users of this social platform for marriage and love are older, so I have to think of one thing, that is, I can’t let acquaintances see me on this platform. If others see it, it will be a shame. In fact, the two kinds of hearts are contradictory. He wants more people to hook up with him, which is bound to be more display, and he doesn’t want more display. This is one. Second, the average user wants to see the dynamics of the person he likes secretly (students in Weibo who have a secret crush can go to the side wall), and that person certainly doesn’t want to expose himself too much, so there are so many things, how to strike a balance is what you should do.

What is less refers to the function of the core highlights. Remember what it said about the explosion point,Functions must be few but refined, refined and beautiful.There is also a trade-off balance problem.

For example, looking at the face and chatting with the brand, this is a very light explosion point, which is supposed to be good, right? It backfired. Why? I used to order about a week in a row, about a hundred a day. According to the final statistics, there were about 20 pairs, about five or six replies, and one conversation with more than ten sentences. Did you turn to WeChat?You are a social platform, I am a hunter, and the prey is not allowed to be touched. What do I need you for?So it’s also a question of balance. It’s up to you how to choose.

Scope refers to the social scope. Recently, I saw a global platform for making friends (except China), which was made by Chinese people, and one problem that Chinese people don’t care about is a fatal problem abroad, that is, religious belief.

If you are a global platform, then these two problems are often the most easily overlooked. Remember, you should never joke about them, which is fatal.

What do you mean, profit points are all dead. Otherwise, profit, yes, no one is stopping it,But the profit model that individuals admire is the profit model to enhance the experience.For example, you can only use a static avatar, and you can use gif after paying (don’t be serious about the example I gave), which is called the profit point of improving the experience.

And some platforms put the profit point to the point of death. 51job, a recruitment platform, is also a social direction to some extent, right? And his family has nothing to die for,That’s my resume. It depends on who reads my resume and wants to open a vip. Ten thousand alpacas fly by in my heart.Did someone say anything wrong with this? Well, I have to ask you out for this. Die,Just as he stuck the basic functions that the website should provide to the point of paying, I submitted my resume to see who read my resume. Isn’t this the basic function that should be provided? Once you have blocked all the basic functions, it is not far away for users to run away.Imagine, if Baidu’s search, every time you search for 1 cent, open a free search for 10 yuan a month, you will die.

If Baidu adds a profit model, such as paying 10 yuan a month, the commercial promotion will not be displayed. I believe that there must be a group of paying users, which will not harm the interests of non-paying users and will not affect the basic functions. Users may be happy to give you money. Why not?(unemployed ing Baidu gives an offer)?

What’s more, I have knocked so many times before I know it, so it’s not easy to list them. I recommend an article, and interested friends can look at "18 Common Ways to Die in Social Apps".

All right, all right, it’s over. I really appreciate the friends who have been listening to my nonsense for so long. Some opinions in this article may be wrong due to personal ability limitations and insufficient knowledge. Please also point out a lot and thank you very much. Thank you in advance.

Segmentation of current social apps:

• Minimalist/Instant Socialization: WeChat, Facebook, snapchat, Blink, Hehemo, FRANKLYCHAT, YO, flares, emoji.
• Anonymous society: shame white, friend secret, hug, yikyak, secret, whisper, crow, honey, whisper, ROOMS.
• Campus social activities: super curriculum, black and white campus, 11: 11, Notebowl.
• Pan-stranger socialization: Mo Mo, micro poly, Friction, Meeting, Mo Mo Da, skout, Badoo, Mico.
• Tinder class: Tinder, explore, right, Aloha, about you.
• Video socialization: Xiuse, yy audio-visual, micro-shooting, girls’ school, 9158, Netease CC (game+beauty live broadcast)
• Telephone/Voice Socialization: Neighboring, Talking and Chatting.
• Social interaction in the same city: beautiful date, love bar, secret chat in the same city, appointment today, simplicity, SAYHI, single online, cool chat.
• Couples socializing: little love, little love, QQ couples, love notes.
• Games/Entertainment Socialization: Bump, Stranger, LINE PLAY, Opposite, Youjia, Dada (Answer), love dare, Beibei.
• Semi-serious social interaction: heartbeat (interest matching), friendship (second degree) and friendship seeking.
• Marriage and social interaction: jiayuan, Cherish, Lily, Flower Field, Fate, Heartwarming Marriage.
• Social activities nearby: Sobrr, Whew, biu, FireChat, meetup, MISS, Crewe.
• Workplace/Business/Identity Socialization: LinkedIN, Pulse, Meeting, Friends, conspire, Business Card Almighty King (Join Socialization), Youshi.com, Haiding.
• Vertical social interaction: Wheels, Chexingren, ZANK, BLUED, GAYPARK, Lala Park, theL, Semi-dimensional, Dimensional, juju, gogobot (Travel Social), Friends Circle, Snowball Net, fanatix (Tournament), Dr.wine
• Barrage socialization: TUTU, trough factory, Acfun, Bilibili
• Picture/sound/text socialization: Snap, NICE, circle of close friends, tease, send a letter, half, mine, TOP, Personality Network, P1, tumblr, path, Pinterest, INSTAGRAM, frontback, tiiny.
• Group chat and socializing: pie, micron, group, and friends.
• Pet socialization: pets talk, walk, smell their nests and love night pu.
• Sports socialization: splash, cool, keep, mint
• Random Chat: meowchat, JiJi, Follow Meow.
• Literary socialization: Moment, Matchbox, Douban (various), Same
• Socialization of officers: invite you to dinner, make an appointment, and invite you to a movie.
• Q&A/Knowledge: Zhihu, Guoke, Quora, Brainly.
• Neighborhood socialization: NEXTDOOR, Dingdong Community
• Paid social interaction: pampering and quick appointment
• Female social interaction: Wei Mi, hot mom circle, big aunt, Yuanzi.
• Star-making/star socialization: holding silk, honey music and nebula
• Short video community: beauty shooting, micro-vision, VINE, 8PM, second shooting.
• Socialization of big companies: going back and forth, easy to trust, and bala (new Taobao makes buy buy buy same)
• Beauty Community Socialization: Goddess Project, I am not a goddess.

This article is the second article I output. In the next issue, I am going to write something about data (if I still have time). Click here to view my first article, Summary | Vertical Integration of Complete Product Lifeline Knowledge. Thanks again.

PS. The birth of this article is actually because of layoffs, and I have to come out to find a job again. Recently, I interviewed a good company, and the direction was social direction. Because I had done social pan-direction for more than two years before, I was lucky enough to get an interview opportunity. However, the interview was a mess because I was hospitalized with a fever a few days ago and was not fully prepared, and I didn’t engage in social orientation in recent months. I admit that I am not willing to go home and decided to sort out all the social things I had pondered before, which led to the birth of this article.

Wu Xing lady (micro signal mysterious 326531548), everyone is a product manager columnist. 3 years working experience as a product manager, with in-depth research on requirements, users and data. Welcome to exchange ideas and refuse to add friends meaningless.

This article was originally published exclusively by everyone as a product manager. Reprinting is prohibited without permission. Thanks for your cooperation.

　 　 On May 5th, Ada and Shanghai participated in an activity. Due to the poor arrangement of the organizer in the whole activity process, the inexperience of the host and the booing of the staff, Ada was extremely embarrassed and had to hide aside. Ada’s request for a photo of the fans on the spot was also open to all. Ada, dressed in a openwork lace dress, put away her "big breasts" and showed off her beautiful legs. A female fan took the stage to take a photo with the message and leaned over to hand over the camera to show her big breasts, which completely overshadowed Ada. While taking a seat, Ada chatted with the leaders of the guests around him, and was peeked at by the other party from time to time.

Next page: More wonderful pictures.

Director Guan Hu directed the scene.

1905 movie network news Director Guan Hu’s latest film released a preview of "Big Production" today, revealing how this huge war system that took several years was tempered. It took 18 months to design and build a 200-acre real scene to reproduce the original appearance of Suzhou Creek in 1937, to restore the real hot battlefield with 300 flares and 50,000 explosion points over the sum of ten war dramas, and then to use IMAX cameras to create an unprecedented sense of reality … … A series of staggering figures in the preview all prove that the film has comprehensively improved the standard of China war genre films in terms of production scale and industrial level. For the creative team, such intensive efforts to restore the real battlefield are not only out of the guarantee of film quality, but also out of the sense of mission to truly restore history and reproduce national heroic feats.

　

It took a year and a half to build 68 buildings on 200 acres of land. Guan Hu is not only a director but also a "project supervisor"

2400 table lamps, 50 kilometers of wires, real-life restoration

The prototype of the film The Eight Hundred story is the four-line warehouse defense battle that took place in Shanghai in 1937, which was the last battle of the Battle of Songhu. At that time, China and Japan fought fiercely for nearly three months, and Shanghai was about to fall. Xie Jinyuan was ordered to lead more than 420 soldiers of the 524th Regiment of the 88th Division stationed in the four-row warehouse on the north bank of Suzhou Creek. The south bank of Suzhou River is the public relations concession. For the people at home and abroad, this four-day and four-night battle is tantamount to a "live broadcast".

The public concession across the bank is singing and dancing.

In order to truly restore this period of history, the crew spent a year and a half designing and building a real scene with 68 buildings covering an area of 200 mu in the shooting base of Brothers Film World (Suzhou), digging deep into the 200-meter-long Suzhou River, and restoring a "hell" and a "paradise" with colorful sounds on both sides of the river. Behind a string of numbers is the sense of reality that the creators are trying to create. Guan Hu once said, "If you want the audience to believe in this environment, you must first believe it yourself." Everything they do is to make the actors who are in it believe in the world in front of them and the stories that are happening, and infect the audience with true feelings. In their view, this film needs this kind of "simplicity". Guan Hu, a self-proclaimed "project supervisor", summed up the filming process, saying, "It’s not like filming, but maybe this is the real filming". It is particularly worth mentioning that, as one of the shooting locations of the film The Eight Hundred, these restored historical scenes will also be preserved as scenic spots, which are expected to be open to fans and tourists in the future.

　

50,000 bullets on the ground exceed the sum of 10 war dramas, and the whole film IMAX shooting reproduces the bloodiness of Chinese children.

The Japanese invaders raided the warehouse at night.

As a war giant, The Eight Hundred not only restored the real battlefield, but also did not relax the details of the battle. In order to be closer to the soldiers in 1937 in form, more than 400 actors in the group conducted military training for seven months before shooting, and everyone completed the transformation from "actor" to "soldier". The whole movie used 300 flares to reproduce the lighting effect of the battlefield in that year. More than 300 kilograms of cigarette oil and nearly 5 tons of old newspapers were burned, and 50,000 bullet points on the ground equivalent to the sum of ten major war dramas were set up, creating a real battlefield filled with smoke and gunfire.

In order to present the best visual effect, ensure the realism of the picture and highlight the aesthetic value, photography director Cao Yu set up more than 2,000 desk lamps on the set to match different shots. The particularity of this battle also determines that the lens often needs to look from one shore to the other 100 meters away. The extremely wide dynamic range of ALEXA IMAX 65mm camera and the imaging effect close to the human eye perfectly adapt to this point. The Eight Hundred has also become the third commercial film in the world and the first commercial film in Asia shot with IMAX camera after "Reunion 3" and "Reunion 4".

Brave men lined up for the war

The Eight Hundred is not only a feat of China filmmakers, but also a retrospective of history and a tribute to the heroic spirit. Therefore, the project was restarted for three times, spanning more than five years, but the founders never gave up, because they believed that eight hundred heroes’s blood and Chinese’s unyielding national integrity should be remembered by modern people. Recently, the spirit and courage of the brave men have also attracted international attention. The Eight Hundred has not only become one of the hot films in the media of Cannes Film Festival, but also appeared on the cover of a magazine, and its overseas pre-sale is also very popular. At present, it has signed contracts with nearly 20 countries and regions such as the United States, Canada and Australia, and most countries will release it simultaneously with China.

　

The film The Eight Hundred will be shown nationwide on July 5th.

　　Comparison of Medical Insurance Negotiations from 2017 to 2020

　　Source: National Medical Insurance Bureau and Essence Securities Research Center.

　　After enterprise declaration, formal review and expert review, the national medical insurance drug list adjustment entered the negotiation stage in 2021. The reporter learned that the on-site negotiation of the medical insurance catalogue is about to begin.

　　Under the background of the rapid development of biotechnology and the accelerated rise of innovative drug industry in China, more domestic innovative drugs are accelerating to the medical insurance catalogue. According to institutional data, about 20 domestic innovative drugs will be negotiated for the first time, and the new indications that have been included in the varieties will be superimposed. In this round of medical insurance negotiations, investors have paid a lot of attention.

　　About 20 domestic innovative drugs were negotiated for the first time.

　　According to the previously published Work Plan for National Medical Insurance Drug List Adjustment in 2021 (referred to as the "Plan") and the medical insurance negotiation process in previous years, it is widely expected in the industry that this year’s medical insurance catalogue negotiation will start soon. The National Medical Insurance Bureau has previously made it clear that if the progress is smooth, this catalogue adjustment work will be completed before the end of this year, and efforts will be made to start implementation in January next year.

　　According to many brokerage research institutions, it is estimated that about 20 domestic innovative drugs will be negotiated for the first time this year, including PARP inhibitors, BTK inhibitors, ALK inhibitors, ADC drugs (antibody conjugated drugs), CAR-T therapy (chimeric antigen receptor T cell immunotherapy), etc., involving many listed pharmaceutical companies such as Beida Pharmaceutical, Baekje Shenzhou, Hengrui Pharma and Zejing Pharmaceutical. Among them, the CAR-T therapy, which is priced at 1.2 million yuan by Fosun Kate, has attracted much attention from the market. Some institutions pointed out that as a representative of expensive new technology, the negotiation result of this variety will closely affect the pricing of new technology products.

　　In addition, the anti-tumor drug PD-1 monoclonal antibody is still the focus. In the medical insurance negotiations in 2019 and 2020, the price reduction of PD-1 monoclonal antibody was remarkable. At present, the competition in the domestic PD-1 market is fierce. Ten PD-1/L1 have been approved for marketing, and new indications have been continuously approved, and the listing of new drugs has continued to accelerate. Ma Shuai, an analyst at Essence Securities, said that among the domestic varieties, the enterprises and varieties that are eligible to participate in the medical insurance negotiation in 2021 are still the four varieties that participated in the medical insurance negotiation last year, and the competition pattern of domestic varieties is relatively relaxed. It is expected that the PD-1/L1 monoclonal antibody will face fierce competition in the medical insurance negotiation in 2022.

　　Regarding the issue of price cuts that the public and investors are concerned about, Industrial Securities said that the current negotiation system for innovative medicine and medical insurance has gradually matured and improved, and it is expected that the future negotiation results will probably continue the overall price cuts in the past few rounds. Although the price reduction is not small, innovative drugs are successfully included in the negotiation list after the game of quantity and price, which will still bring incremental contributions to the corresponding varieties. Rapidly promoting R&D, seizing the first-Mover advantage and reasonable pricing strategy will become important factors in the market competition of innovative drugs.

　　Listed pharmaceutical companies are actively preparing for the war in order to increase the volume.

　　At present, many pharmaceutical companies are actively preparing for medical insurance negotiations. The third quarterly report disclosed by Baekje Shenzhou on November 5 shows that the company is preparing for the upcoming national medical insurance drug list negotiation for qualified products, including adding first-line treatment for non-squamous non-small cell lung cancer, first-line treatment for squamous non-small cell lung cancer and second-line or third-line treatment for hepatocellular carcinoma indications. On the 4th, Rongchang Bio disclosed the prospectus, saying that the company’s core products, Taitacip for the treatment of systemic lupus erythematosus and Videcituzumab for the treatment of gastric cancer, were approved for listing in China with conditions in March 2021 and June 2021 respectively, and the company is actively preparing relevant materials for participating in medical insurance negotiations, with a view to rapidly expanding the sales channels of products in a short time and effectively and rapidly promoting product sales. In the record of investor relations activities disclosed on the 2nd, Beida Pharmaceutical said that at the moment of a new round of medical insurance negotiations, the company is also actively docking the access of Kemena and Bemena.

　　Inclusion in the medical insurance catalogue has undoubtedly become an important catalyst for innovative drug volume. In July this year, the National Medical Insurance Bureau said in its reply to Recommendation No.9562 of the Fourth Session of the 13th National People’s Congress that after three years of continuous adjustment, a total of 233 drugs were successfully included in the medical insurance catalogue through negotiation, and the accessibility of patients to drugs was greatly improved, and the enterprise also reached the market sales expectation. Finally, the goal of "market for price" was realized. According to the data of Medicine Rubik’s Cube, a drug data platform, in 2017, 2018 and 2019, the sales of drugs that were included in the medical insurance catalogue through medical insurance negotiation increased by 128%, 337% and 39% respectively in 2020.

　　The Blue Book on the Progress and Effectiveness of Medical Insurance Drug Management Reform published by China Pharmaceutical Association and China Medical Insurance Research Association shows that among the 34 innovative drugs listed from 2016 to 2020, 26 drugs have entered the medical insurance catalogue, accounting for 76.5%. The time from listing to medical insurance for innovative drugs has also been greatly shortened. In 2017, it will take 4 to 9 years for new drugs to enter medical insurance, shortened to 1 to 8 years in 2019, and further compressed to 0.5 to 5 years in 2020.

　　Huachuang Securities believes that from the perspective of sales amount, except for some products with expired patents, most innovative drugs have achieved price-for-quantity exchange, and the amount has rapidly increased after entering medical insurance.

　　"Innovative drugs are expected to improve the difficulty of access after entering medical insurance, and achieve rapid penetration of hospitals and pharmacies." Ma Shuai analyzed that, on the one hand, after the drug enters medical insurance, it will be less difficult to obtain the recommendation application from clinicians, pass the preliminary selection of departments and finally pass the drug selection meeting in the hospital, which greatly reduces the difficulty of drug entering the hospital and lays a good foundation for the future drug in the hospital; On the other hand, in May this year, the National Medical Insurance Bureau and National Health Commission issued the Guiding Opinions on Establishing and Perfecting the "Dual-channel" Management Mechanism for National Medical Insurance Negotiation Drugs. After the drugs enter the medical insurance catalogue, it is expected that the "dual-channel" mechanism will accelerate the volume of products at the pharmacy side.

Jetta, once a star of Volkswagen, has now become an independent brand, mainly focusing on the low-end market:

Among them, Jetta VA3, as an entry-level model, attracts consumers with its close-to-the-people price and powerful terminal concessions. Recently, some network news mentioned that the lowest price of the new Jetta reached 45,000, but there is a gap between the actual price and the online statement. For example, the official quotation for the minimum configuration of Jetta VA3 manual gear is 59,800 yuan, which shows that the online price information may be biased.

In terms of technical configuration, Jetta VA5 follows Aisin 6AT transmission, and its stability and durability are excellent compared with Volkswagen’s dual clutch. In terms of power, it is equipped with EA211 engine, which outputs 112 horsepower and 145Nm torque, which can meet the daily needs of families, but may lack driving passion. In terms of selection, it is recommended to enjoy the second-highest model, which is only 700 yuan more expensive than the lowest model, but it is equipped with practical configurations such as front seat side air curtain and seat head airbag, which is more cost-effective.

As for King Kong, this is a small car of Goodwill Head Group, which used to sell well, but it gradually faded out of the market in recent years due to the adjustment of the group’s strategy. King Kong has stopped production in 2019 and there is no new listing plan. Despite its simple appearance and simple interior, Goodwill King Kong can still meet the basic travel needs with its body size of 4342*1692*1435mm and wheelbase of 2502 mm. The equipment in the car is also practical enough, including basic functions such as anti-theft system and leather-proof seat.

In terms of power, King Kong is equipped with a 1.5L self-priming engine, which provides 102 horsepower and 141 Nm of torque. With a 5-speed manual or 4-speed automatic transmission, it ensures the convenience of daily driving. Generally speaking, Jetta and King Kong have their own strengths, and consumers can make wise choices according to their own needs and budgets.

　　Do you remember what you did the day after the college entrance examination? Tearing books, yelling at the floor, and confessing?

　　What was your mood at that time? Is it ecstasy to finally say goodbye to Huanggang question bank and Hengshui golden roll, a relief to end years of hard study, or a sudden farewell to a "passionate burning years"?

　　Out of the examination room, we even forgot the topic we just did, but we will remember the empty classroom and the mixed feelings in our hearts all our lives.

　　I thought I would be ecstatic, but I was surprisingly calm.

　　Before the exam, I have been looking forward to the end of the college entrance examination, imagining all kinds of "eat, drink and be merry" after the college entrance examination. However, when I walked out of the examination room, I found that my heart was so calm and even empty.

　　@ Reality is so straightforward. At the countdown to the college entrance examination, I said how to be happy after the exam. In the end, I spent it most calmly.

　　Senior @ Amo said that I thought there would be ecstasy of relief after the college entrance examination, but it was actually very calm. Go home for dinner, chat with my mother for a while, and then I remember when I was in bed. In fact, I can play games for a while, so I don’t have to go to bed so early.

　　@ Miss Xu said that it took a long time to be convinced that she really graduated. Maybe every turning point in life is like this. What you’ve been looking forward to for a long time suddenly hits you, and you’re at a loss.

　　The college entrance examination is a crossroads that separates many people.

　　Byron has a poem: If we meet someday, how will I congratulate you, with tears and silence? This sentence is also suitable for old classmates who meet again.

　　@kookaburraC said that the day before the college entrance examination, he was intimate and turned around casually, and then he separated from the mountains and seas, never to see or even hear from him.

　　When we pack up and leave school as usual, we don’t realize that some people turn around for life.

　　@ Su Mi Luoluo said that the college entrance examination is a crossroads that separated many people. After many years, we found that even if the place is small, some people may never see it again.

　　Chen Chen, an old man, said that all I can think of now has nothing to do with my grades, but everything I met in those years. I just regret that I was in a hurry to say goodbye to everyone.

　　After many years, when we miss the college entrance examination, we not only miss that youthful time, but also miss those old classmates we haven’t seen for a long time. How are you doing now?

　　How to bid farewell to that "good youth"

　　"Shang Hao" means "the best and the best" in Minnan language. In many people’s minds, the college entrance examination is the best time.

　　How to bid farewell to that "good youth"?

　　The last time I "finished school", I couldn’t bear to walk this way.

　　@ Xiaoye said, I walked home with my best friend who went to school every day. The sunset was beautiful that day. We walked very slowly and tacitly, saying that it was to enjoy the sunset, but I really couldn’t bear to end high school.

　　Some people choose to take a graduation trip with their classmates and bid farewell to the past.

　　@ Miss Xu said that after the college entrance examination, the summer when I played with some good friends was the best summer in my memory. In the long life in the future, it will be very difficult for you to have a summer scene where you can lose all your burdens.

　　Some farewells are silently carried out in my heart.

　　@ below the eyebrows amputation said that when the five of us stayed up all night in the Internet cafe, we didn’t realize the difference. It was not until everyone went to the school to collect the files on different days that I realized that I really had to say goodbye to everyone and this school. Standing at the door at that time, I suddenly wanted to bow to my alma mater. I looked at the guard, but I didn’t make that bow. I just wiped a tear when I turned and walked out of the school gate.

　　Everyone who has experienced the college entrance examination has his own exclusive memory. Whether it is calm, relaxed, lost or unwilling, that time and the sheer effort and effort for a goal are the most beautiful marks of youth. For the rest of my life, I hope that we will always carry that mark and go forward as always. (Wentu/Han Jiahui)

This 2014 3.0T standard version, known as "Little President", has an official guide price of only 975,000 RMB, which is the most intimate choice among the models currently on sale. The price of the second-hand car market has also remained in a relatively moderate range of 600,000-650,000.

Of course, Maserati’s SUV camp also has many price competitors. Levante 2018 350Hp Essence Classic Edition, although the official guide price is only 868,800, the price of the high-end version can be as high as 1.5 million, which shows that the different configurations of the same model are significantly different.

However, when it comes to the truly anticipated "cheapest Maserati", the news in May this year may break the routine. It is said that Maserati Kubang, an SUV rookie with an estimated price of around 450,000, will challenge the existing price system and become the most affordable choice for the Maserati family. This news is undoubtedly an exciting signal for those car enthusiasts, which means that more people have the opportunity to get in touch with the charm of this luxury brand.

Although the top luxury of MC12 is beyond our reach, Maserati’s entry-level models are quietly closing the gap with consumers. Imagine that you can own a part of this Italian brand in just 450,000 cases, which is undoubtedly a unique experience of luxury life. Let’s look forward to the release of this new model and see how it occupies a place in Maserati’s family pedigree.

First, wonderful views

1. Cognition of varieties is the core factor of making money.

2. In investment transactions, we are not so much trading our own ideas as human nature.

3. Choosing a stop loss doesn’t mean completely giving up trading on that variety, but waiting patiently for the next better trading opportunity. This is my secret.

4. Risk control is always the focus in the transaction process, and controlling capital risk is always on the road.

5. Any variety will have a ceiling of price and a cost line.

6. When stopping loss, we should not only look at the range of market fluctuation, but also pay attention to the market sentiment.

7. Adding positions after floating profits is a big taboo in futures investment.

8. Wealth is the realization of cognition, and futures investment is actually the money to earn personal cognition.

9. Traders must make friends with data, establish their own database, and focus on inventory through the database.

10. The withdrawal of funds is a process that investors will inevitably experience in their growth, and it is an inevitable price to pay.

11. Futures trading is the human nature of investors, so the result of futures trading is actually the embodiment of human nature.. Only by constantly training and improving themselves can investors become more and more mature.

12. Positions reflect investors’ greed and fear of the market. When you are greedy enough, you will often add a lot of positions, and many mistakes will occur during this period.

Second, the introduction of Pan Wang

"Datian Aaron", a contestant in the National Futures Firm Competition of Big Handnet, was born in 1982, and is now 39 years old, from Shanghai.

After graduating from college, I worked as a project manager in an IT company in Shanghai. After resigning in 2014, I started to invest full-time, and I started to do futures in 2017. Amateurs like playing football. Good at trading based on fundamentals, expert in futures investment.

Third, performance analysis

As of August 16, 2022,Pan Wang’s accumulated net profit in Xiaotian Aaron, an entry account of Dapan Handnet, was more than 20.51 million yuan, accumulated profit was more than 22.79 million yuan, Sharp ratio was 2.72, and accumulated yield was 62.17%.

Pan Wang’s current entry account is "Datian Aaron". Since April 21, 2022, within 80 days of trading, the cumulative yield is 84.97%, the cumulative net profit is 5.19 million yuan, and the maximum withdrawal is 38.26%.

The transaction analysis artifact of "Seven-tailed Fox" in the large-scale mobile network analyzes the entry account of Pan Wang as follows:

Pan Wang is almost a full-variety transaction.It belongs to the style type of partial intraday trading based on fundamentals.

Panwang trades more in apples, palm oil and other varieties, accounting for nearly 25% of the positions. On April 29, 2022, the highest position reached 94.81%, and the lowest position rate was 48.61% on May 9.

Panwang’s profits in iron ore, apples, palm oil and thread all exceed 1 million yuan.It is profitable in black varieties such as coking coal and hot coil.

Fourth, the interview record

01

IT paves the way and lays a good foundation for your career

I have been doing futures for about 4 to 5 years. Before that, I was doing stocks. I participated in the futures competition of the big hand net for about two years. My previous account was "Xiaotian Aaron", but now I have changed my account to "Datian Aaron".

Before professional investment, I worked in an IT company. At that time, my main job was to manage projects.

From a professional point of view, my previous work experience did not help me much in my later investment work, mainly because my attributes were completely different and had no relevance, but it was actually helpful in a deeper level.

When managing the project, I considered it more and comprehensively, which laid a foundation for the cultivation of trading personality characteristics such as logical thinking, endurance, execution, endurance and mentality required by my later investment work.It is helpful in this respect.

02

At the beginning of the investment, there was a stumbling block to retreat.

When I started my amateur investment, I was always doing stocks.

In 2017, I began to contact futures, among which there was a leader. With his guidance and help, I slowly began to learn to do futures and have a better understanding of how to make good investments. Therefore, compared with ordinary futures investors, I may have taken fewer detours, which is a very lucky thing.

I have always used subjective trading based on fundamentals in futures, and I have never been exposed to programming.

In the early days of full-time futures trading, the biggest difficulty I encountered was the relatively large withdrawal of account funds.

The fund management method of investing in stocks is different from that of futures. When investing in stocks, it is basically Man Cang. Now it seems that compared with futures, the fluctuation of stocks is actually relatively small.

When I started to do futures, I had no experience in fund management, and my position was always heavy, so I often encountered a relatively large withdrawal of funds. Especially in the first two or three years, the withdrawal of funds was relatively large, almost more than 50% every year.

During that time, I always lost, won, rose and fell, and my account was often a roller coaster, and I didn’t do well.

It was not until the last two years that I slowly controlled the retreat, broke through the bottleneck and embarked on the road of steady profit.

To solve this biggest difficulty at the beginning, I mainly adopted the following methods:

First, strengthen research and strive to make it thorough.When I first started to do futures, I was actually an out-and-out novice. I didn’t know anything about varieties, almost completely, so I paid a lot of tuition for the first two years.

But in the past two years, with the gradual deepening of research work, I have become more and more familiar with the fundamentals of the varieties I trade, so I have become more and more confident.

The second is to control your own trading frequency.

If you are in full bloom, butterflies will come; If you are well, it will be sunny.

It is because I am more and more familiar with it that I make fewer and fewer mistakes when placing orders.

Therefore,Doing research well is the basis of fundamental traders.

The third is to strengthen fund management. The amount of money I invested in a single variety has gradually shrunk.There was no concept of fund management at the beginning, and now my position in a single variety is basically not higher than 30%, usually about 10% to 20%.

These changes made me control the retreat.

03

Strong knowledge of successful trading control risk

I think: the core of trading is to thoroughly understand the fundamentals, because we are not programmed trading, and we rely on the degree of cognition of a certain variety when trading.

In the past, my commodity futures trading was mainly apple, and then it gradually developed into other varieties. In fact, the methods are the same, and all transactions are based on their own research and understanding of varieties, in other words, cognition.Good cognition is the core factor of making money.

I am a subjective investor who focuses on fundamental trading. At the beginning of investment, I had both experience and lessons in variety selection, opening and closing positions, stop loss and take profit.

When I started trading futures full-time in 2017, the variety that traded more was Apple. Mainly because in 2017, Apple suffered a serious "cold spring", which led to a sharp rise in prices in 2018.

It was based on this fundamental factor that I chose to trade Apple at that time and earned my first bucket of gold in investing in futures.

Investors are essentially trading their own cognition and personality, and they also need luck.

"Success is Xiao He, and failure is me". After making money on trading apples, on the one hand, I managed my position badly; On the other hand, due to my lack of trading experience, I soon returned most of my profits to the market.

At that time, I didn’t have any knowledge about where the price of Apple might go up. I naively thought that it could go up all the time, and then I encountered a big retreat.

Therefore, the first trading experience of Apple had both the joy of success and the frustration of failure, but in any case, it brought me valuable experience through that trading process.

Since then, when I choose a certain trading product, I usually base it on whether I understand it or not. Only in this way will I start investing. Whether it is apple or other varieties later, I will open the warehouse only after I have studied it clearly.

Although the research before the transaction was well prepared and considered to be very certain, I would choose to stop if the fact that it showed in the market at that time made me lose money or was different from what I expected.

Now, I am very disgusted with making the loss bigger, which is absolutely unacceptable to me. It is normal to admit mistakes.

Choosing a stop loss doesn’t mean giving up trading on that variety completely, but waiting patiently for the next better and more certain trading opportunity. This is my secret.

My trading system, in fact, is not much technical. You can keep the list of making money; For the list of losing money, the stop loss will be firm. For example, if the capital loses 10% or 15%, then we will unconditionally cut positions.

Risk control is always the key point in the transaction process, and controlling the risk of funds is always on the road.

04

Take profit and stop loss, carefully judge the market.

The profit-taking method I adopted in the transaction is mainly based on the following aspects:

One is based on the understanding and familiarity of varieties.

For a variety like apple, first of all, 5 yuan a catty is a very high price; Secondly, it has a fixed fee brought by the delivery rules. For example, when the market price of crude oil exceeds $120, the general duration will not be too long.

Unfortunately, in 2018, I didn’t understand this at all.

Any variety will have a ceiling of price up (or high price will curb consumption) and a cost line down, which are two very important trading factors.

The second is based on the understanding of the historical price of a variety.If the market price of a certain variety reaches or approaches a historical high and the price deviates seriously, then we should also choose to take profit;

The third is based on the judgment of fundamentals.If the fundamentals of the market change, we will also take profit.

Since we buy with reference to fundamental factors before trading, we must track the fundamental changes in the market every day. When there is a fundamental change in fundamentals, then we will also take profit and leave.

There are similarities and differences between fundamental trading and technical trading.As long as the conditions change, then the transaction must change.In technical trading, we often buy and sell according to the situation of big yin or big yang; If you use fundamental trading, this is probably the same reason.

When stopping losses, we should not only pay attention to our own stop loss points, but also pay attention to the market sentiment.In trading, sometimes you can obviously feel that the market sentiment is not quite right or not quite what you imagined. If this happens, you can stop the loss earlier.

Sometimes, if you think it is possible that the market has made a temporary mistake, then the stop loss range can be slightly enlarged. Of course, this should be judged according to your own experience and trading feeling, provided that you have a thorough study of the fundamentals before you can enlarge or narrow the stop loss range.

As a trader, it is necessary to accumulate knowledge of fundamentals and trading ability. Otherwise, it is just a waste of time to do it year after year, and I have not grown up.

05

A big taboo for floating profit and jiacang futures investment

When I first made futures, I had a bad habit, that is, I liked to add positions after floating profits. Because your risk awareness is not strong enough, if you often add positions after floating profits, then a small fluctuation will destroy the profits you have accumulated for a long time.

I think:Adding positions after floating profits is a big taboo for futures investment.

On the one hand, when you plan the number of open positions, you should try to abide by it and not change it.

Now I have achieved that I will not add positions after floating profits, which also avoids the differentiation of mentality caused by fluctuations.

Fundamentals sometimes do lag. For example, when the market price of a variety fluctuates greatly, we sometimes have no way to know what happened in the first place. At this point, I will make some changes according to the market, so there will inevitably be some intraday trading.

When I feel that the trend is not quite right, or when the disk gives me a bad feeling, I will do some transactions, sometimes this is a helpless move to deal with risks.

Therefore, taking profit and stopping loss does not mean that the price must fall on the set ceiling or floor. When there are some fluctuations beyond your cognition in the market, you should also be vigilant. This is an experience.

Some programmed investors, they think that floating profits and adding positions is a better method, which has something to do with their trading types. While they are making floating profits and adding positions, I believe that they will inevitably match the corresponding stop loss bars, and the transactions are all matched.

We can’t just see the beginning of their transaction and not the end of their transaction.Any kind of transaction, whether fundamental or procedural, has a head-to-tail match.

We can’t "blind the eyes with one leaf, but we can’t see Mount Tai", just look at the surface and ignore the inside; It still depends on the integrity, systematicness and consistency of a strategy.

06

The Soul of Fundamental Research of Data Analysis

I have some experience in fundamental research, which can be used as a reference for investors who do fundamental research in the market.

Over the past five years, I have spent a lot of energy on data statistics. For example, Apple, including Zhuo Chuang’s data, analysts’ daily opinions, etc., we will pay attention to and carefully study and check. We track the inventory and delivery speed every week.

For example, if we want to make black varieties, then we must know the data of steel joint, steel valley and steel search.

At the same time, I will set up my own database and do their own data over the years, so as to make some comparisons and predictions for myself.

As long as you do more data, you will have a deeper understanding of a variety and an industry, and this understanding is our future wealth.

Wealth is the realization of cognition, and futures investment is actually making money from personal cognition.Maybe programmed trading may be different, but I think fundamental traders mainly rely on making cognitive money.

The best way to improve personal cognition is to study hard. When one’s knowledge accumulates to a certain extent, one can naturally discover real logic. As long as an investor’s cognition is improved to a certain extent, the investment efficiency will be improved.

I suggest you:Traders must make friends with data, establish their own database, and focus on factors such as output and inventory.

Investors should not only pay attention to the yield, inventory and consumption of varieties, but also learn to make charts themselves. The key is to improve their ability to analyze and find contradictions.

Although the data we need is cold on the surface, there are some opportunities for undercurrent; Investors need to spend time to analyze data, love data, build emotions with data, and find opportunities in love.

The data of some varieties over the years often imply certain laws or contradictions, and we need to catch it out.

Pay attention to the fundamentals, in addition to the above methods, you can usually participate in some research.

When I first made futures, I participated in the investigation of apples, glass, soda ash and sugar.

In those two years, I ran a lot and did a lot of research. However, I gradually realized that the research actually didn’t work very well. Because in that process, on the one hand, you can’t see a lot of things; On the other hand, many enterprises or industrial farmers, if you ask them something, people will actually take some subjective views.

Therefore, I think it is more objective to pay attention to the effect of the database. As long as you learn to analyze data, you can know what’s going on in the world without going out. So from the last two years, I basically stopped participating in the research, mainly doing data analysis and thinking for myself.

07

Facing the information science, identifying and grasping contradictions

No matter the stock market or the futures market, it is an effective market. In other words, when you see some information, the disk may have explained the changes brought about by this information.

If you only deal with this information every day, it will have little effect on the transaction, but it will make you indecisive because of the interweaving of information in the news every day.

In the market, most of the news is noise. As a fundamental player, you must remember that you can only trade any variety after seeing the biggest contradiction in fundamentals.

A while ago, I decided to invest in rebar trading, mainly because the market supply exceeds demand, while the demand is really sluggish, and there is a huge contradiction between supply and demand.

When an investor grasps the biggest contradiction in the market, he can and needs to see a lot of information in the market, but he must have the ability to distinguish, and don’t let the daily information change affect his trading decision.

If there is an inflection point in the market price and the fundamentals have indeed changed, then it is important to test a fundamental trader.

Investors should have the ability to grasp the detailed changes in fundamentals in a noisy market environment, which is determined by the trading skills and needs to be accumulated.

Because investment is a thing that needs to be accumulated, and the accumulation is thin, and haste makes waste.

08

Trading strategy method has no definite method to look at the market

My position cycle is long and short, and there is no fixed pattern.

There are not many trends in the market. Many times, the market fluctuates in shocks, and the holding time of a variety matches investors’ cognition of the variety.

If there is a big contradiction in the market, such as the coke and coking coal market in 2021, and there is a serious mismatch between supply and demand, then the holding period can be appropriately longer.

If the market only deals with short-term changes and prices often rise and fall, then this kind of trading is less involved.

If the market deals with major changes in fundamentals, the holding time will be relatively long.

Therefore,The length of holding positions mainly depends on whether the changing factors of fundamentals are large enough.

My entry account "Datian Aaron" has a maximum historical retracement of 35.84%, and the trading is still biased towards intraday trading. In fact, this is also a bad habit of mine, because I can’t help doing some transactions every day because of some time-sharing changes. In fact, most of these transactions are losing money, so this habit is not good, but the fundamental trading is not always holding on, which is two different things.

The varieties I trade cover almost all markets, including stock indexes, among which apples and palm oil account for the largest percentage.

My preference for variety selection is actually a reflection of my understanding of fundamentals. It can also be seen from the account of "Datian Aaron" that started in May 2022 that I trade more apples and palm oil.

I think, since that time, the market contradiction of these two varieties has been more prominent. Apple has indeed suffered a reduction in production this year, which is a relatively certain opportunity, so there was a previous wave of gains.

As for palm oil, when Indonesia accelerated its export after June 2022, we knew that it had gone through a big bull market for two or three years, and the price rose from more than 4,000 to around 12,000, which was already a very big increase, with the help of the Russian-Ukrainian war. However, after Indonesia accelerated its export, the fundamental situation changed completely, and we saw this.

In fact, palm oil is a variety that has fallen a lot and is smooth recently. If it is smooth, it is easy to hold it, including cotton and copper. There are obvious fundamental changes and it goes smoothly, which will be more friendly for the transaction. Therefore, palm oil and apples are the varieties that I traded more recently.

Followed by the black plate, there are also many transactions, including threads, iron ore, coking coal and coke. From May to now, these varieties are mainly traded.

09

Raise awareness. Iron ore earns more than one million yuan.

In the investment of iron ore, my profit reached more than 1.5 million yuan.

The investment result is the realization of personal cognition, and the fundamental trader earns the money of knowing the world.

The market of black varieties, starting from the monetization of shed reform in 2015, accelerated to "carbon neutral peak carbon dioxide emissions", and experienced a magnificent bull market, with all varieties increasing greatly.

In 2021, after the national "three red lines", we think that the market logic foundation of the black plate began to change. But it doesn’t mean that as soon as the fundamental situation changes, we have to trade immediately, and it sometimes takes time to change from quantitative to qualitative.

The real decline of the black system also began this year. Last year, it may be related to the global political and economic situation, especially the easing after the epidemic.

Starting from 2022, the United States will lead to contraction, and international varieties such as iron ore will be affected. Iron ore is a relatively volatile variety, which is related to both the black plate and the global macroeconomic environment. So it is a variety that I have made more in black.

Judging from the situation of supply and demand, everyone has already seen the reduction of steel production. In addition, the global economy is affected by the tightening caused by the interest rate increase in the United States. These factors are more obvious in iron ore. In addition, screw thread and "double coke" have also been done. These varieties have achieved good returns this year.

10

Laughing deeply understands the withdrawal of red dates with losses

My experience of losing money is very rich. Last year, about 60% of the capital interest in Xiaotian’s account was withdrawn.

The withdrawal of funds is a process that we will inevitably experience in the process of growing up, and it is an inevitable price to pay.

When the retracement happened, it seemed that we lost money, but in fact it helped us expose our own problems in the transaction and brought us an opportunity to reflect, correct and improve.

We have gradually enriched our experience in dealing with retracement, first, in fund management, and second, in grasping the fundamentals. This is a progressive process, and I hope I can slowly control the retreat after that.

Every big loss is a good accumulation of experience and a personal transformation. Every big loss experience is unforgettable, and every big loss variety is painful.

After each loss, I have a deeper understanding of a variety. In 2021, my big loss was on red dates. At that time, the production of red dates was reduced, and the price was predicted to rise.

For a variety like apple, we already know its ceiling price, but for a new variety like jujube, to be honest, there was still a lack of understanding of the price ceiling at that time, and the consumption power was overestimated.

Loss is not a bad thing; At least, for that variety, we will be more confident in the future, and the immediate loss is the cost that will not be lost in the future.

When trading red dates, my own position basis and reasons for opening positions were based on my own judgment at that time. The main basis was that I learned the information of jujube production reduction at the first time, which benefited from the information blessing of many friends and investment partners around me.

I know that after the production of red dates was reduced, I entered the market as soon as possible, although there were also exits on the way. Regulatory factors or various kinds of information from the market, such as less production than expected, will have a certain impact on intraday trading, but they have been taken down all the way, and the bottom warehouse has basically been there.

We thought there would be a higher price in the future, so we didn’t leave the position, but later there was a big retreat, basically like this.

When I fell, I was also carrying it at first. Until the New Year, I found that I really couldn’t keep up with my consumption. At that time, I decided to come out, but I had already retreated a lot of profits, so I made a wave and retreated a wave.

The biggest lesson we have learned is:The price of any variety in the transaction has a ceiling. This ceiling is essentially the point where high prices curb consumption.

Varieties such as red dates and apples are expensive to a certain extent, and people’s acceptance is poor. After doing it once, you will get a valuable experience, and you will know later.

In fact, my mood is rather depressed because the withdrawal of net worth is very large, and my psychological pressure is relatively great. But after you are out, you will let go. Adjust yourself as soon as possible to meet the next transaction. There will always be progress.

If you are small-minded, you can’t bear the fluctuation. When we finish the last transaction, we should invest in the next transaction with a brand-new mentality. Only by earnestly learning from the last experience and lessons can we do better and better.

11

It is common to study the stock market futures market carefully.

If we want to succeed in the stock and futures markets, we must study them thoroughly.

Fundamental trading, whether in stocks or futures, must be thoroughly studied.

For stocks, it is necessary to be able to calculate the profit of an enterprise in the future. The expectation of profit depends not only on your judgment of this industry, but also on your understanding of the profitability of the enterprise itself.

When we plan to invest in stocks, we can calculate how much money it will earn in the next year and what kind of valuation the market will give it, then we can figure out what price it will rise in the future. Although this calculation is not necessarily very reliable, at least you can know what its future trend should be like.

I used to do a lot of cyclical stocks, which have a certain connection with commodities, which is also a favorable help for me to transform into commodities later.

The price of goods will be reflected in the profits of listed companies; Similarly, the judgments on commodities and futures are basically the same.

We can draw some preliminary conclusions about stocks through calculation. For example, coal companies and mining companies can basically calculate their profits through the prices and costs of commodities. If you can give a correct valuation, you can probably figure out what price their share price will reach.

The same is true of futures. When you understand the relationship between supply and demand, you can know the ups and downs.

twelve

Reduce retracement management positions and strengthen self-discipline

Many people have ups and downs in futures investment, which is also a problem I encountered two years ago. That is to say, you can’t control the retreat, you can earn a lot when you earn, and you lose a lot when you retreat.

Futures trading sometimes embodies human nature. In this process, investors can only become mature day by day if they constantly experience and improve themselves.

Positions reflect the degree of greed and fear of investors. When you are greedy enough, you will often add a lot of positions, and many mistakes will occur during this period.

We should avoid the ups and downs in income and strive to reduce the retracement.First, to strengthen position management, we must have strict discipline.For example, ask yourself that the allocation of funds for a single variety should not exceed 20% or even 10% of the invested funds. As long as you can control yourself, then you can basically control the retreat.

The second is to improve personal cognition.Studying the fundamentals clearly can improve the winning rate.

If an investor not only improves the control of his own greed and fear, but also strengthens the cognition of the attributes of the goods themselves, it will certainly be of great help to control the withdrawal of funds and avoid ups and downs.

Investors can’t guarantee that the fundamental research they have done is correct, and the chance of making mistakes is inevitable.

When we place an order through fundamental research, if the market runs in the direction of research, then we should hold this order because you are right.

If there is a loss after two or three consecutive orders, it indicates that there may be something wrong with our research or the timing is wrong.Fundamental trading does not mean stubborn trading.

If the market trend does not match the research results, then we will start to question whether our research is correct. Is there anything else you haven’t noticed?

Sometimes my position will be higher, but this may be because there are many kinds of transactions. In fact, my position of a single variety will not exceed 20% now.

13

Short palm, seize the opportunity and make a big profit

I didn’t have many successful transactions in the past. Whether I made apples or red dates last year, although I made money, I made a big retreat.

I think it is a successful case to make palm oil in 2022.

At that time, when I saw Indonesia’s major turning point from banning the export of palm oil to accelerating the export one month later, I began to short palm oil, but unfortunately I didn’t get it from the beginning to the end.

Although the decline of palm oil exceeded my personal expectation, I basically entered the market at the highest point in this variety. Although I came out early, I didn’t retreat, so I was quite satisfied.

I was able to do this transaction better because:

First of all, thanks to our continuous tracking of its fundamental data.I have made detailed data on all oils and fats.

Secondly, seize the right opportunity to enter.At the moment when the contradiction between supply and demand occurred, I captured the information in time and was able to open the warehouse decisively.

Finally, the trading system and plan were strictly implemented.Instead of being a "frightened bird" in the market development, we have become a "snail that climbs up step by step".

This should be a successful case.

14

Hard work pays off.

Many fundamental traders are persistent and dedicated.Apart from the hobby of sports, I spend most of my life doing research except eating and sleeping.

I do data every day, and I buy a lot of data myself, such as Zhuo Chuang and Gang Lian. The time spent doing research is much longer than the time spent doing business. Except for trading, they are basically doing research.

With the accumulation of time, your cognition will continue to improve; You will become more and more familiar with all aspects of the variety. In the long run, you will have a qualitative change. When there are some fundamental changes in the varieties you are familiar with, it will be relatively easy and faster to grasp.

When each variety has a very clear sense and cognition in your mind, you are very skilled in it, and once the market changes, you will know how to judge.

Since 2017, I have accumulated nearly five years. Looking back now, it was relatively ignorant and naive.

Since 2019, I really accumulated the data and began to gradually understand various varieties.

15

Looking forward to the future, my heart is still climbing hard.

Many subjective traders around me have a lot of ups and downs.

When losing money, the mentality will not be too good.If an investor has a large position, the pressure can be imagined when he encounters losses. This is also related to the investor’s personality.

No matter what kind of investment you make, don’t be too heavy, which is the core of futures trading. It is necessary to grasp the fundamental situation and control human nature.

The result of the transaction matches the investor’s personality.A successful investor, after trading for several years, should be able to realize: what kind of person am I? What is my risk tolerance? Will I be anxious? Everyone’s personality is different, and the answers cannot be the same.

Experience can be replicated.If we have a knowledge of our own personality, then we will slowly explore a set of position management methods suitable for us. Everyone’s personality experience is different, and naturally it will not be repeated when it comes to trading, so everyone should optimize their own model, and it is more difficult to completely change it.

I hope I can do better in futures.

Many commodities have fallen for a long time this year, so you can pay attention to it. Varieties that have not fallen sharply, such as crude oil and soybean meal, can still be concerned.

Whether it is a subjective transaction or a programmed transaction, as long as it can make money continuously and steadily, it is a good way to trade for yourself.

Many excellent programmed trading teams or individuals have small retracement, well-controlled capital curve, stable income and excellent performance. The key is to find their own methods.

Therefore, I also agree with programmatic trading, but I will still stick to my fundamental trading method.

I am full of curiosity about this world, and I have a heart that I always want to explore and know. When I study a variety and understand its silent language and movement trend, I will have a great sense of accomplishment.This feeling, if I engage in programmatic trading, may not be available.

The ruler is short and the inch is long, and what suits you is the best.In the commodity market, behind the price changes of different varieties, there are many contradictions in economy, politics, macro-policy, culture, company management and supply and demand. If I can know more about the world, understand it more deeply, and reflect it with good results in my trading account, this is my greatest sense of accomplishment and my greatest happiness.

For traders, courage is definitely a double-edged sword. I think it’s better to be timid.

There are many ups and downs in the market, and not many people can make money for a long time and steadily.

A wave of big market can achieve a group of people; But after two years, you will find that many people have disappeared again. This is the normal state of investment.

Instead of ups and downs like that, it is better to take small steps steadily every day and not be too greedy. I prefer this mode.

16

Message exchange and learning in the competition have been greatly improved

Two years ago, my trading account retreated a lot, so I always wanted to find a good solution, and I wanted to communicate with experts and learn more from you.

I’ve tried many ways before, but the results are not ideal.Later, I found that it might be a good idea to participate in the competition, because during the competition, I can see the fund curves and net worth charts of some other excellent players, and the master’s practice will be of great enlightenment and help to me; Compared with our own capital curve, we will find many problems, understand many truths, correct many shortcomings and improve our requirements.Therefore, with this purpose in mind, I signed up for the big hand net competition.

There is a "seven-tailed fox" transaction analysis software in Dapan. com, which can conduct a comprehensive dialysis of its own fund accounts, which is better than some curve analysis of fund management we have done ourselves. So I like and cherish such an opportunity to learn and improve.

I hope that the large-scale mobile phone network can continue to be run, and the better it is! I also hope that more and more investors can join this platform of learning, communication and improvement, and I hope that everyone can make money!

Note:The content of this article is for reference only, not as investment advice. The market is risky and investment needs to be cautious..

200609 was compiled from an exclusive interview with the contestant "Da Tian Aaron"

　　　[Disclaimer] This article only represents the views of the third party and does not represent the position of Hexun. Investors should operate accordingly, at their own risk.

　　[Pacific Auto] The column of "Daily Car News" will bring you all kinds of fresh and hot new cars and industry information in the automobile industry. You are welcome to continue to pay attention. Today’s car news includes some information exposure of Ledao L60, four questions about the response of the community to the M7 accident, 15 spy photos exposure, 11,000 orders for May Day holiday in HarmonyOS, 41,000 vehicles for L6 listing, 7,800 orders for Gemini May Day holiday, and the abolition of the overcharged team.

　　Recently, some netizens exposed the first model of Ledao brand on the social daily platform — — Ledao L60 information, the car will be built on the 900V silicon carbide platform, providing 60 kWh and 90 kWh battery packs to choose from, and supporting power exchange, and the energy consumption will be lower than. It is reported that Ledao will be released in the second quarter of this year, and the first new car will be listed in the third quarter and delivered in the fourth quarter.

From Xiaohongshu @ Hangzhou Ledao Xiao Zhuge

　　Combined with previous information, Ledao L60 locates medium-sized pure electricity, and its size will be larger than Model Y.. For reference, the length, width and height of Tesla Model Y are 4750/1921/1624mm and 2890mm respectively. The appearance will be coupe-style, and the overall style will be simple and sporty. The front face will be designed with split headlights, equipped with hidden door handles and slender taillights.

　　For the interior, the new car adopts a horizontal central control panel similar to ET9, and is equipped with Qualcomm Snapdragon 8295 chip. In terms of intelligent driving, it adopts a purely visual route, only equipped with an NVIDIA OrinX (which can be upgraded to Shenji NX9031 chip later), and will not be equipped with a laser radar. It will have the city navigation assistance function at the time of delivery.

　　In terms of power, Ledao L60 will be built entirely on the 900V silicon carbide platform (NT3), and it is expected that it will only provide a single motor drive, which is different from Weilai and creates a brand image that is close to the people. The chassis adopts the form of front+rear five-link independent suspension.

　　In terms of battery life, lithium iron phosphate batteries with a capacity of 60 kWh and Contemporary Amperex Technology Co., Limited lithium batteries with a capacity of 90 kWh will be provided to support DC fast charging and AC slow charging, as well as to support power exchange. Only the third-generation or above power exchange stations can be used for power exchange, and the first-generation and second-generation power exchange stations are not supported, in order to distinguish them from Weilai brand.

　　Comments:As for the price, Li Bin, CEO of Weilai, said that the price of Ledao L60 is definitely cheaper, and it is suggested that those who buy Model Y can wait. However, netizens guess that the price will start at 229,900 yuan, which is in line with its mainstream family car market positioning of 200,000-300,000 yuan, and supports the battery rental scheme. The price may be reduced by 50,000-60,000 yuan, and the threshold will be lowered to 170,000 yuan.

　　A few days ago, the official of Wenjie Automobile released the latest technical instructions on the accident and fire of an M7 Plus in Shanxi Province on April 26th, mainly including the accident cause, speed, fire cause, state and door unlocking, as follows.

　　Explanation on Technical Problems Related to the New M7 Plus in Traffic Accidents on Houping Expressway in Shanxi Province

　　On April 26th, 2024, a traffic accident occurred in Houping Expressway, Shanxi Province. A new M7 Plus collided with road maintenance vehicle in the inner lane.

　　We are deeply saddened by this traffic accident. After the accident, we actively cooperated with the traffic police department to carry out accident investigation and provided all necessary data to restore the cause of the accident. The specific investigation results shall be subject to the notification confirmed by the traffic police department.

　　This incident has been widely concerned on the Internet recently. Now, the technical problems related to the new M7 Plus vehicle (hereinafter referred to as the "accident vehicle") in the accident are explained:

　　Question 1: Why didn’t the automatic emergency braking (AEB) function successfully avoid collision?

　　The accident vehicle was normal before the collision. According to the background data analysis, there were two braking actions within 5 minutes before the accident, and the vehicles were able to slow down normally.

　　The new M7 Plus is equipped with L2-class assisted driving system (not Huawei A 2.0 intelligent driving system), and its automatic emergency braking (AEB) working range is 4 ~ 85 km/h.. When the accident vehicle collided, its speed was 115km/h, which exceeded the working range of automatic emergency braking (AEB).

　　Question 2: What is the cause of the vehicle fire? Did the battery spontaneously ignite?

　　When the accident vehicle collided with road maintenance vehicle at a high speed of 115km/h, the beam-like hard structure protruding from the rear of the accident vehicle suddenly invaded the front engine room and passenger compartment on the left side of the accident vehicle, resulting in serious damage to the front engine room and passenger compartment, and the harness was cut off instantly. The front engine room was ignited by short-circuit sparks of high-temperature components or harness, and the left side of the front engine room caught fire first, then the fire spread to the whole vehicle, and the power battery pack did not spontaneously ignite.

　　Question 3: Does the airbag open normally?　

　　According to the background data analysis, before the collision, there was a lock signal in the main driver’s seat, but there was no lock signal in the co-pilot seat and the three seats in the back row, and the airbag status was monitored normally. When a collision occurs, the vehicle airbag opens normally.

　　Question 4: Can the door be opened after the collision?

　　The new M7 Plus has the function of automatic collision unlocking, and is equipped with a mechanical door handle. In case of special emergency, the door can be unlocked by pulling the mechanical door handle. When the accident vehicle collided with the front road maintenance vehicle at a high speed of 115km/h, the beam-like hard structure protruding from the rear of the front vehicle suddenly invaded the front engine room and passenger compartment on the left side of the accident vehicle, which caused the power and signal wires in the front engine room and passenger compartment to be cut off instantly, and the door handle controller could not receive the pop-up signal. Rescuers broke the window and pulled the inner handle of the mechanical door to open the door for rescue.

　　Comments:Judging from this official reply, the more important information is that there is no seat belt lock signal in the co-pilot seat and the three seats in the back row, which means that passengers are not wearing seat belts, which is one of the important reasons for personal injury; Secondly, the front engine room and the passenger compartment were seriously damaged, and the wiring harness was cut off instantly, which led to the ignition of the front engine room by high-temperature components or short-circuit sparks of the wiring harness. At the same time, the door handle controller could not receive the ejection signal, so that the door could not be opened in time, which brought certain difficulties to external rescue.

　　I hereby appeal to everyone to fasten their seat belts when driving, especially in the front and rear rows. This is one of the most basic measures to ensure the safety of passengers. In addition, car companies should not exaggerate the function to mislead consumers, and should clearly mark and explain the functional differences of different configuration models to avoid the risks caused by misunderstanding.

　　Recently, Chen Zhuo revealed the spy photos of Aouita’s third product on social software, saying that the new car will meet with you as scheduled in the second half of this year. Judging from the spy photos, this new car should be the previously exposed Aouita 15 (internal code E15), because before this, Vice Yong Jun of Aouita revealed that two brand-new products, Aouita 15 and Aouita 16, will be released in the second half of the year. Aouita 15 is a model, and Aouita 16 is a medium-sized coupe. The spy photos are a new SUV, so the probability of Aouita 15 is higher.

　　Judging from the preview map published at present, Aouita 15 uses a similar design style, which has a rounded front line and a closed grille, and is equipped with a black enclosure below. There are C-shaped LED strip on both sides of the front of the car, and the sharp corner shape adds a sense of sci-fi futurity to the front of the car.

　　The D-pillar on the side has an approximate slip-back design, which will be more rounded than Aouita 11. Secondly, the new car will be equipped with a hidden door handle design and a streaming media exterior rearview mirror. It is expected that the taillights will also adopt the through design, and the tail design style will be consistent with other models of Aouita family. Finally, the roof is equipped with a luggage rack and a trailer hook.

　　Finally, in terms of power, the new car will be equipped with extended-range power, and it is expected that there will also be pure electric versions to choose from. According to the information disclosed before, Aouita will add four extended-range power products to its product line in 2024.

　　Comments:At present, Aouita has two models, Aouita 11 and Aouita 12, which are positioned at the high end and driven by pure electric. The Aouita 15 with extended range and more affordable price is expected to bring good sales growth to Aouita.

　　On May 6th, it was learned from the official of HarmonyOS that from May 1st to May 5th, all its models were set to exceed 11,000. At present, there are four models on sale under HarmonyOS Zhixing, namely, Wenjie M7, Wenjie M9 and Zhijie S7, and the latest and cooperative Xiangjie S9 has been launched in 2024, which has a good attention. It is understood that the new car will be listed this year.

　　In the past four months, HarmonyOS Zhixing delivered a total of 29,632 new cars, of which 13,391 were delivered by Wenjie M9, an increase of 145.89% from the previous month, and L9 won the large-scale sales crown. However, after the delivery of M9 started, the delivery volume of M7 dropped for three consecutive months from the previous month, with 10,896 vehicles delivered in April, and the momentum declined. Zhijie S7 delivered a total of 4,546 vehicles, and the momentum continued to rise; However, due to the upgrade, the M5 delivered only 800 vehicles in April, and it is expected that the delivery volume will increase substantially in May.

　　Specifically, the M9 is a large SUV. At present, there are four models on sale, with the price range of 46.98-56.98 million. Extended range version and pure electric version are available, both of which adopt the front and rear dual-motor layout. Among them, the extended range version is equipped with a 1.5T four-cylinder range extender, which is 112kW, and the motor system is integrated with 365kW. It is equipped with a 42kW battery pack, with CLTC225km. Under CLTC working conditions, the comprehensive battery life can reach.

　　At present, there are 7 models on sale, with the price range of 24.98-32.98 million yuan. The whole system is equipped with a 1.5T extended-range hybrid system, and a rear-drive version and a four-wheel drive version are provided. The maximum power of the rear-drive version is 200 kW. The comprehensive maximum power of the four-wheel drive version is 330 kW. In terms of battery life, the whole system is equipped with a 40 kWh battery pack. The cruising range of CLTC is 240km and 210km (four-wheel drive) respectively, and the comprehensive cruising range of CLTC is 1300km.

　　The M5 is positioned. At present, there are three new models on sale, the price range is 24.98-279,800 yuan, and the extended range version and pure electric version are available. Among them, the extended range version is equipped with a 1.5T four-cylinder range extender, with a maximum power of 152 HP. The output is 200 kW for two-wheel drive and 365 kW for four-wheel drive respectively. The CLTC has a pure electric battery life of 255km and a comprehensive battery life of 1440km；. The pure electric version adopts a rear-drive single motor layout, with a maximum power of 200 kW and a CLTC pure electric cruising range of 602km.

　　Zhijie S7 is aimed at medium and large cars. At present, there are five new models on sale, with the price range of 249.8-349.8 million yuan. The whole system is driven by pure electricity, and single-motor rear drive and dual-motor four-wheel drive are available, of which the maximum power of the two-wheel drive version is 215 kW, the maximum power of the four-wheel drive version is 365 kW, and the cruising range of CLTC is 705km, 855km, 630km and 751km.

　　Enjoy the world S9 positioning medium and large cars, which have been launched at the auto show and will be listed within this year. The price may be about 500,000, and single-motor rear-drive and dual-motor four-wheel drive will be available, of which the maximum power of the rear-drive version is 227 kW. The comprehensive power of the four-wheel drive system is 385 kW.

　　Comments:According to this trend, the delivery volume of HarmonyOS Zhixing in May is expected to exceed 40,000 vehicles, and it will move towards the goal of 50,000 vehicles/month, breaking the monthly delivery record of LI.

　　According to the official, during the first sale period from April 18th to May 5th, L6 accumulated more than 41,000 orders. In addition, the government also announced new ordering rights and interests. If you order from May 6 to May 31, you can enjoy the ordering rights and interests worth 15,000 yuan, including a deposit of 5,000 yuan to deduct 10,000 yuan for car purchase, an optional fund worth 5,000 yuan, and 7kW AC charging piles and installation services worth 5,000 yuan.

　　Ideal L6 was officially launched on April 18th, and two models were launched, with the price range of 249,800-279,800 yuan. As the fourth model of the Ideal L Series, the Ideal L6 is positioned and continues the family-style design. The biggest difference is that the "Little Elephant Grey" color scheme of the same model of the Ideal MEGA is added, but it needs to be optional, and the price is 10,000 yuan. In terms of size, the length, width and height of the ideal L6 are 4925/1960/1735mm and 2920mm respectively, and the whole system adopts the layout of five seats.

　　In terms of interior, the ideal L6 also continues the family-style layout design, and the overall style is simple and luxurious. It is equipped with an L-duplex screen consisting of a 15.7-inch central control screen and a 15.7-inch passenger entertainment screen, and the screen resolution is 3K. The steering wheel is still a three-spoke flat-bottomed design, and the shift is adopted. The car system is equipped with Qualcomm Snapdragon 8295 chip, which supports 5G network, AI ideal classmate and Mind GTP model.

　　In terms of power, the ideal L6 is equipped with an extended-range hybrid system consisting of a 1.5T range extender and dual motors, including 113kW, 330kW and 5290Nm. It is equipped with an electric four-wheel drive system. The official acceleration time of 100km is 5.4s, which is 180km/h, and the fuel consumption is 6.9L/100km.

　　In terms of battery life, the ideal L6 is equipped with a lithium iron phosphate battery pack with a capacity of 36.8 kWh, which is built based on a heat pump thermal management system. The CLTC has a pure battery life of 212km, and the CLTC has a comprehensive battery life of 1390km when it is fully charged with oil (60 liters). In addition, the new car supports a maximum charging power of 75 kW, and the charging time of 20%-80% of the power is only 20 minutes. At the same time, the new car supports 3.5 kW external discharge power.

　　In terms of chassis, the ideal L6 adopts the form of front independent suspension and rear five-bar independent suspension, and is equipped with a continuously variable damping damper which is actively adjusted by electronic control. The damping can be actively adjusted according to the road conditions every millisecond, which can continuously adapt to the road changes and make the whole vehicle have better vibration reduction effect.

　　Comments:The sudden surge in the order volume of the ideal L6 has something to do with the accident at the M7 Expressway. This wave is really a "win-win", but it does have the strength of "win-win". At present, the ideal L6 is expected to be delivered within 5-8 weeks after the order is locked.

　　It was learned from the automobile official that from May 1 to May 5, the cumulative orders for Lectra 08 EM-P and Lectra 07 EM-P exceeded 7,800 units. Among them, the pre-sale order of the Lexus 07 EM-P has exceeded 10,000 units before April 30. At present, the car has been pre-sold on the market, with the pre-sale price range of 180,000-210,000, and will be listed on May 17. The Lectra 08 EM-P is currently selling six models, with a limited price range of 179,800-242,800 yuan.

　　The design style of the Lectra 07 EM-P is exactly the same as that of the Lectra 08 EM-P, with rich lines, sharp edges and corners, more individuality and a strong sense of movement. Among them, the Y-shaped daytime LED running lights, the two-color body design, the borderless door car, the hidden door handle, the narrow-framed exterior rearview mirror, the through taillight design and the blackened small tail are all the highlights of the appearance of the LECK 07 EM-P.

　　In terms of body size, the length, width and height of the Lectra 07 EM-P are 4827/1900/1480mm and 2843mm respectively.

　　In terms of interior, the Lectra 07 EM-P continues the design style of Lectra 08 EM-P as a whole, equipped with a 15.4-inch floating large screen and a 12.3-inch full LCD instrument, equipped with Meizu Flyme Auto car system and built-in 7nm car gauge chip developed by China — — "Dragon Eagle One". At the same time, it is also equipped with 92-inch AR HUD head-up display, 23-speaker Harman Kardon sound system, Nappa and other luxury configurations.

　　In terms of power, the Lectra 07 EM-P is equipped with an EM-P plug-in hybrid system consisting of 1.5T and dual motors, in which the engine is 163 horsepower and the system is integrated with 381 horsepower. The 0-100km/h acceleration time is only 6.5 seconds, which is 190km/h, and the fuel consumption is 4.8L/100km. In terms of battery life, the new car is equipped with a lithium iron phosphate battery pack with a capacity of 18.99 kWh, the cruising range of CLTC is 126km, and the comprehensive cruising range of WLTC is 1400km when it is fully charged with oil (60 liters).

　　Comments:Considering the pre-sale price and product strength, Linke 07 EM-P has good market competitiveness. It is expected that the price will drop to 170,000 after it is officially listed.

　　CEO elon musk recently said on social media platform X: "There are still plans to expand the super charging network, but the expansion speed of new locations will slow down, and more attention will be paid to 100% uptime and the expansion of existing locations." Although the expansion of Tesla’s overcharged network is still in progress, at this time, it has been reported that Tesla’s charging team has been abolished by hundreds of people.

　　Some foreign media reported that according to Tesla’s internal mail, Musk had fired Rebecca Tinucci, senior director of Tesla’s charging infrastructure, and as many as 500 employees in her team before making the above remarks. In addition, Musk also fired Daniel Ho, the head of the automotive project.

　　The consumer survey results of J.D. Power and other institutions show that Tesla’s super charging network is not only the largest in the United States, but also the most reliable charging network. Tesla is currently opening its charging network to more than a dozen competitors, which will help promote electric vehicles in the North American market.

　　However, the recent news that Tesla has laid off its employees who are responsible for expanding and maintaining the super charging network makes people worry about the improvement and maintenance prospects of the charging infrastructure in the North American market.

　　The results of market analysis show that the sales of pure electric vehicles in the United States are already under pressure due to high prices and concerns about cruising range and charging infrastructure, and the slowdown in the expansion of super charging networks is also a big blow; Even some insiders believe that if Tesla can no longer maintain its leading position in the field of public charging, it may damage the entire electric vehicle industry.

(Text: Pacific Auto Wu Qi)

　　On the morning of September 26th, 2008, Chou He, then secretary of Kunming Municipal Party Committee, attended the groundbreaking ceremony for the construction of the largest jewelry city in China, with an investment of RMB 2.8 billion.

　　On March 20th, Kunming, the demolished old Luosiwan market became the new Luosiwan commercial center, and the old merchants were forced to move to the new trade city developed by Zhonghao Group more than ten kilometers away.

　　On December 27th, 2008, Chou He, then secretary of Kunming Municipal Party Committee, attended an activity ceremony, with a medical adhesive tape on his hand.

　　Chou He

　　Born in Binhai, Jiangsu Province in January 1957, he was once called "the most controversial party secretary" because of the drastic reform, and was regarded as the representative of personality reform officials in China.

　　Since 1996, Chou He has served as deputy mayor, acting mayor, mayor and secretary of the municipal party committee in Suqian, Jiangsu Province. In 2006, he served as deputy governor of Jiangsu Province. At the end of 2007, he was transferred to the Kunming Municipal Party Committee Secretary. At the end of 2011, he served as deputy secretary of the Yunnan Provincial Party Committee.

　　On March 15th this year, CPC Central Commission for Discipline Inspection announced that Chou He was under investigation for "serious violation of discipline and law".

　　Yesterday, the Standing Committee of Yunnan Provincial People’s Congress decided to remove Chou He from the post of NPC deputy.

　　Just after the two sessions this year, Chou He, a personality official, ended his political performance in an unexpected way.

　　Starting from Shuyang County, Chou He’s name is inseparable from "reform". Measures such as official rectification, urban construction demolition and environmental management made him win the popularity of political voices quickly, but reporting and criticism also went all the way.

　　A Kunming official described Chou He’s style as "like driving a huge city tank and running over it all the way." He said that the "revenge-style" style of rapid reforms has brought a new look to the city. However, the "crushing" ruling method also left room for rent-seeking, and Chou He’s "rule by man" became more and more intense.

　　When the dispute arose, Chou He once said that his goal was to "promote the rule of law by the rule of man". Scholar Shi Pengfei had expected this, and proposed that the perfect result of "Chou He New Deal" should be to "cultivate mature opposition". However, before "promoting the rule of law", Chou He had fallen because of "ruling by man".

　　Chou He’s "right-hand man"

　　In December, 2007, Chou He was transferred from the post of Vice Governor of Jiangsu Province to Yunnan as the secretary of Kunming Municipal Party Committee.

　　"I went to work in Kunming, where people and land are sparse, and I have no relatives or reasons with everyone; Never worked together, and have no hatred or resentment with everyone; Alone, without attachments; Work will be selfless and fearless. " This is Chou He’s "Eight No Words" just arrived in Kunming.

　　In fact, he is not "alone".

　　On March 18th, three days after Chou He’s fall, Xie Xinsong, member of the Standing Committee of Kunming Municipal Committee and vice mayor, was also suspected of serious violation of discipline and law, and was investigated.

　　Three months after Chou He arrived in Kunming, Xie Xinsong, then deputy secretary and district head of Sucheng District Committee of Suqian City, followed him to Kunming as deputy secretary-general and office director of Kunming Municipal Committee.

　　In 1998, starting from the Deputy Director of the Research Office of Shuyang County, Xie Xinsong followed Chou He for 13 years and served as his secretary. According to media reports, Xie Xinsong is very familiar with Chou He’s ruling ideas and has a strong understanding. He is Chou He’s right-hand man who vigorously promotes reform in Suqian.

　　An official in Suqian commented that when Chou He went to Kunming, he also brought his right-hand man. Xie Xinsong was the "right-hand man" and Liu Weigao was the "right-hand man". One was a competent secretary and the other was in charge of commercial development.

　　After Chou He’s fall, Liu Weigao’s name surfaced, and he was known as the "mysterious wealthy businessman" behind Chou He.

　　Liu Weigao was a deputy to the National People’s Congress and the chairman of Zhonghao Commercial Group Co., Ltd. (hereinafter referred to as Zhonghao Group).

　　On March 17th, two days after Chou He’s fall, official website of Zhonghao Group posted an announcement: Liu Weigao applied to resign as the chairman of Zhonghao Commercial Group Co., Ltd. for personal reasons.

　　At the end of February this year, at an internal meeting of Suqian Municipal Committee, an official confirmed that Liu Weigao was under investigation and therefore missed this year’s National People’s Congress on sick leave.

　　The mysterious wealthy businessman recently became the focus of media attention, which was his snail bay project in Kunming.

　　According to media reports in 2011, the whole process of the land transfer auction of the Luosiwan project lasted only about 5 minutes. On March 16, 2011, Yunnan Zhonghao Real Estate Co., Ltd. acquired 27 plots that needed to be bid as a whole with a listing price of 6.487 billion yuan, and the whole transaction took less than 10 minutes.

　　The relationship between Liu Weigao and Chou He has been widely known since Suqian.

　　"Liu Bancheng" is a sure-fire business.

　　In the past, there were two cars with the same license plate running on the streets of Suqian City, Jiangsu Province: Su N00000. One license plate once belonged to the secretary of the municipal party committee, and the other black one belonged to Liu Weigao.

　　Today, Liu Weigao’s real estate projects in Suqian include residential areas, shopping malls, office buildings, entertainment facilities, etc., which occupy almost half of Suqian New Town. Therefore, Liu Weigao was nicknamed "Liu Bancheng".

　　In Suqian, Liu Weigao’s political resources are almost an open secret: Chou He.

　　In 2003, Liu invested 2 million yuan in Suqian to establish Fenna Stocking Industry Co., Ltd.. Wang Ming (pseudonym), a local entrepreneur in Suqian, recalled that after the establishment of the socks factory, Liu Weigao fully demonstrated his "social skills" and used his identity as an investor to move around in Suqian officialdom. At one time, the Suqian municipal government gave gifts to foreign officials and merchants, many of which were "Fenasi" socks.

　　Wang Ming recalled that the connection between Liu Weigao and Chou He originated from a visit to Yiwu by Suqian Municipal Government. Chou He has always been interested in Yiwu’s business model. During the inspection, Liu Weigao organized a reception and a visit, which won the opportunity to communicate with Chou He.

　　A senior official of Zhonghao Group revealed that Liu Weigao had done a lot of homework and read Chou He’s thoughts in order to understand Chou He’s ideas of attracting investment.

　　At this time, Suqian’s investment promotion work has just been put on the right track. In 2002, Chou He brought the nationwide investment promotion model in Shuyang to Suqian, requiring 1/3 cadres to leave their posts for investment promotion and 1/3 cadres to start businesses in rotation.

　　At that time, an official in charge of investment promotion recalled that the two million projects brought by Liu Weigao already belonged to the "big projects" that Suqian could attract. Therefore, after Liu Weigao introduced the model of Yiwu Commodity City to Chou He, Chou He decided to copy the model of Yiwu Commodity City to Suqian. The executor of this decision is naturally Liu Weigao.

　　A wholesale market in Suqian City, which was built in 1997, became an experimental field. However, during the demolition, Liu Weigao proposed that the reconstruction scale of the original site could not be expanded. Later, the municipal government granted another piece of land for Liu Weigao, with an investment of 2.6 billion yuan from Liu Weigao. On August 1st, 2005, Suqian Yiwu International Trade City broke ground.

　　In the eyes of other entrepreneurs, this project is almost a "one-way ticket" from Chou He to Liu Weigao. After the old market is demolished, the old merchants can only choose to buy shops in the new trade city, and the plots in the old wholesale market can also take over and continue to develop.

　　Wang Ming, who is also a developer, estimates that Liu Weigao has made a net profit of at least 780 million yuan for this project, and has since become the most famous businessman in Suqian.

　　Wang Ming recalled that Liu Pingping rarely dealt with local entrepreneurs. Every time he saw Liu, he followed Xie Xinsong, then secretary of Chou He. Another developer said that Liu Weigao’s land acquisition in Suqian at that time was carried out through Xie.