Drunk! ＂Fragments of the Dangerous Road to Treasure＂ Ge You Yun-peng Yue Market Racing.

1905 movie network news A comedy blockbuster starring Ge You, Yun-peng Yue and Du Chun, and co-starring Charlene Choi, Bao Beier, Xiao Shenyang, Michael Chen, Pan Binlong, Rayza, Sun Yue and Lu Xing will be released on December 29th. Recently, the film released a set of themed stills entitled "Good Brothers", revealing the character characteristics and personalities played by the three leading actors Ge You, Yun-peng Yue and Du Chun in the film, showing the deep friendship between the three brothers who won the "treasure" and suggesting that they are about to embark on a "surprise" adventure after getting drunk.


Yun-peng Yue tried his best to make a water play. Du Chun became the first producer to subvert the image.

The film "Lost Treasure in a Dangerous Way" tells the story that Uncle Ya (Ge You), a fisherman, A Le (Yun-peng Yue), and Daimeng (Du Chun) of the Aquarium mistakenly sell the star dolphin "Baby" of the Aquarium to foreign countries after a drunkenness. In order to find the baby dolphin, the three of them have to embark on a wonderful adventure.

For many years, Ge You has been playing all kinds of little people’s images on the big screen. This time, he returned to the stage of the New Year film after two years, and played an uncle selling fish in the film, with one move and one style. It is his approachable and life-oriented performances that have given these little characters vivid and vivid "excellent" comedy characteristics for many years, and they are well-deserved "the first person to celebrate the New Year". As the eldest brother of the "Fragment Trio", Uncle Ge is both the backbone and an unexpected reversal. Especially in a stills exposed this time, Ge You is riding a tricycle carrying fish and looks like he is running away. Yun-peng Yue and Du Chun try to stop him in a hurry, and the relationship is very subtle.

As a popular comedy hero on the big screen in recent years, Yun-peng Yue admits that he is absolutely glad you came in this film. Whether in or out of the play, Ge You benefited him a lot: "Uncle Ge’s seriousness about the role and his control over the characters let me know what a real old play bone is." This time, Yun-peng Yue plays a dolphin trainer, who has a lot of intimate scenes with dolphins in the water, but he is not very good at water. In order to present the best effect, we have to do our best to cooperate with our colleagues in Diaoweiya, and we have suffered a lot by repeatedly going out into the water.

Du Chun, who has just performed well in I am an Actor, has another identity besides being one of the three leading roles, that is, one of the producers and project sponsors of this film. Starting from the point of "fragment" after drinking, he came up with this story that is very suitable for the life of young people and particularly embarrassing. At first, he was very worried about whether Grandpa Ge could accept it. To his surprise, after receiving the script, Ge You quickly liked and accepted the project. In order to subvert the image of "tough guy" in the past, Du Chun started from the image, covered his tough facial edges with a curly hair, and endowed the character with the image characteristics of being a cute doormat.


The broken trio "grabbed the baby" brothers deeply turned over the film, and the fans said that they had new expectations at the end of the year.

Once released last week, the preview and poster of "Drunk Big Edition" aroused great expectations of the audience on all major platforms. "I didn’t expect to see the collocation of Uncle Ge and Little PINKRAY  in my lifetime." Some viewers also said that "I like this theme, and I feel that I have never seen Uncle Ge play such a role before. Coupled with PINKRAY ‘s signature expression and Du Chun’s high face value, this combination is amazing." At the same time, I also have a clear understanding of the comedy positioning of the film. "Comedy is a big coffee. … Comedy makes you laugh is a good film! " People are full of expectations for its performance in the 2019 Lunar New Year!

No matter in or out of the play, Ge You, Yun-peng Yue and Du Chun, the "broken trio", all showed super concentration and serious performance attitude, which is an excellent interpretation of brothers’ affection. It is reported that the three of them will encounter all kinds of strange things along the way, face many crises, and even face the human challenge of "brothers or banknotes". Exactly where the three will go, we have to find the answer from the movie.


The movie "Lost Treasure by Dangerous Road" will be turned over on December 29th, and will land in major theaters all over the country.


Vehicle ｜ Introduction of Manual, Automatic, CVT and Gearbox Types

Before introducing different gearboxes, let’s briefly explain "Why do you need gearboxes? For the internal combustion engine, because the internal combustion engine can only have the best power output and fuel efficiency within a specific speed range, it is necessary to keep the engine speed within a reasonable range through gears with different gear ratios to keep the vehicle at different speeds.

Manual Transmission (manual transmission)

At present, manual gearbox is the simplest and most durable gearbox used in internal combustion engine vehicles, and it also has the best transmission efficiency among all types of gearboxes (transmission efficiency here refers to the efficiency of power transmission process of gearbox itself). The full name of manual gear box is "manual gear box", as the name implies, the driver needs to manually switch gears, and at the same time, the left foot must be used to control the clutch to complete the gear shifting action. Because of this, the shift process of manual gearbox in power output is "power output → power interruption (clutch depressed) → gear shifting → power output (clutch engaged)".

The transmission efficiency of manual gearbox falls between 96% and 98% on average according to different gear designs and gear ratios. Because of its simple structure, the manual gearbox is usually lighter and more durable. More importantly, the manual gearbox needs more concentration in driving, and it can control the gear change at will, and there are many special operating skills, which make the manual gearbox not only have the above advantages, but also have a kind of communication and connection between people and cars, which is regarded as an important part of driving pleasure.

However, it is difficult to operate the manual gearbox with both hands and feet, and the manual gear shifting process will also lead to uneven acceleration dynamics because of power interruption. Although these are only small inconveniences, they are also the reasons for the gradual decrease of manual gearboxes.

Automatic Transmission (automatic transmission)

To be subdivided, the automatic gearbox can also be divided into "automatic", "automatic manual" and "automatic manual". In general, an automatic gearbox uses a "torque converter" instead of a traditional clutch to transmit the power of the engine to the transmission gear. Simply put, the difference between an automatic and an automatic manual transmission is that the automatic has only low-speed gears, and it is impossible to select individual gears. Hand-to-hand integration enables you to select individual gears. However, most of the current automatic gearboxes are equipped with the function of manual gear selection, so it is rarely specified that they are automatic or manual-automatic, but they are collectively referred to as automatic gearboxes. Due to the slip in the operation mode of the torque converter, the transmission efficiency of the early automatic gearbox was only about 86%, but with the continuous improvement of the torque converter and the gears of the automatic gearbox, the transmission efficiency of the current automatic gearbox has reached 86~94%.

What about the "automatic manual gearbox"? Although it is classified as an automatic gearbox, the full name of "automatic manual gearbox" is actually the same as a manual gearbox in structure, except that the clutch is controlled by the gearbox computer, so driving can switch between automatic shift mode and manual shift mode. Among them, the self-manual gearbox can be divided into "single clutch" and "double clutch". The structure of single clutch self-manual is almost the same as that of general manual, but the clutch operation is handled by computer. Dual-clutch manual operation has two sets of clutches to handle odd gears and even gears respectively, so as to increase the shift speed. With the gradual maturity of technology, now almost all the markets are manual with double clutches, and manual with single clutch is quite rare.

The transmission efficiency of self-manual gearbox is basically the same as that of manual gearbox, and the shift speed is extremely fast, so that self-manual gearbox often appears in performance cars and super sports cars. The common advantages of automatic and automatic gearboxes are that they are convenient to operate, and the gearboxes are controlled by computers, which can adjust the operation characteristics of gearboxes according to different modes (Sport, Eco, etc.). Although the shift frustration of the early automatic gearboxes is quite obvious, now the new automatic gearboxes can shift gears to an almost imperceptible degree. As for the common disadvantages of automatic gearbox and manual gearbox, they are complicated structure, large volume, heavy weight and high cost of manufacturing or maintenance.

Continuously variable transmission (CVT)

The English full name of continuously variable transmission is "continuously variable transmission", which literally translates as a gearbox with continuous speed change. When CVT, a transmission mechanism, was introduced into the automobile industry in the early days, it was considered as a quite avant-garde and advanced gearbox. Structurally, CVT uses two sets of universal disks and a steel belt to change the gear ratio, thus achieving the effect of speed change, so there is no so-called "gear" in CVT gearbox. CVT gearbox has the advantages of simple structure, linear and smooth shifting process, and because there is no need to shift gears, it can keep the engine in the most efficient speed range without interruption of power, thus achieving good fuel consumption performance.

Although the excellent fuel consumption is achieved because of the operation mode, the transmission efficiency of CVT gearbox only falls between 75% and 88% according to different designs, and CVT gearbox can’t bear large power output generally, so the models equipped with CVT gearbox often make people feel weak in acceleration. In addition to low transmission efficiency, the excellent fuel consumption of CVT gearbox is usually limited to the middle and low speed environment in urban areas. This is because the gear ratio of Puli disk is limited, which makes it difficult for CVT gearbox to have a very comb gear ratio, resulting in high-speed fuel consumption compared with automatic or manual gearbox. In addition, although the smooth shifting of CVT is regarded as an advantage, for many people, the lack of shifting feeling has also become a defect of CVT gearboxes, so now many CVT gearboxes will have more gear simulation functions, so that gearboxes can create a feeling similar to shifting.

However, with the continuous development of automatic gearbox, the performance of fuel consumption, transmission efficiency and shift smoothness has been equal to or even surpassed that of CVT gearbox, so CVT is already an advantageous technology in the eyes of most car manufacturers. At present, only Japanese automakers including Toyota, Subaru, Honda and Nissan continue to produce CVT gearboxes, and a large part of the reason is that the local car environment in Japan is really suitable for this type of gearbox.

On the whole, with the continuous improvement of automatic gearbox, there have been 8-speed, 9-speed and 10-speed gearboxes, and the efficiency, quality and shifting speed have surpassed CVT and manual gearbox, especially the dual-clutch gearbox, which is basically impeccable in performance except for high cost. Among all kinds of gearboxes mentioned above, CVT still has room for survival in the market because of its advantages in medium and low fuel consumption, but it is precisely because of the comprehensive advantages of automatic gearboxes that the reason for the existence of manual gearboxes is almost only "driving pleasure", so we can expect that there will be fewer and fewer cars equipped with manual gearboxes in the future, and the rise of electric vehicles will have a better chance to make manual gearboxes disappear in the market in the future. Therefore, in addition to letting fans know about the differences in characteristics between gearboxes, I also hope that fans can cherish this rare animal, manual gearboxes, because today, when this automatic gearbox becomes the mainstream, manual gearboxes may soon disappear.

Talking about soldiers in the sand table-tactical analysis of 360 ＂three major battles＂

Recently, Qi Xiangdong, the president of Qihoo 360, put forward the idea of "three major battles" by taking advantage of the first anniversary of the 3B War, saying that 360 will start from three aspects: user experience, channel sales and entrance system, and will grow at an annual rate of 10% in the future to fight three major battles in the search field.
The ideal is full, and the reality is very skinny. Liuguang uses the strategy and tactics of the three major battles a few decades ago to see if Qi is always exaggerating and how to fight the three major battles of 360.
Question 1: the experience is hard to mention, and the profit is a headache.

Tactics: mobile warfare, split attack, divide and conquer.

In fact, the hardest thing to do as a search engine is to experience it. It seems that you just enter a few lines of numbers into that small box and then pop up a few pages of answers, but look at the row of fine print on Baidu, news, web pages, post bars, knowledge, music, videos, maps …
For 360, it is obviously not an easy task to catch up with it in a short period of time in terms of content experience, and although the search technology surpassed Soso as soon as it came up, it was a little worse than Baidu and even sogou. At present, the better user experience of 360 is mainly due to the clean pages and few advertisements, especially the medical and health care advertisements, and the commercialization process has not been fully developed.
A big strategic problem faced by 360 is that the experience depends on less advertising, but it depends on advertising if you want to make a profit. Now, the share is small, the awareness is low, and large advertisements can’t be pulled, but small advertisements are often of poor quality. This may be the reason why 360 is eager to acquire sogou, with larger market share, better bargaining position and attractiveness.
Of course, it is not impossible for 360 to introduce competitors who can compete with Baidu in certain fields through opening up. For example, Zhihu in the question-and-answer field, Cool Dog and Cool Me in music, even watercress, petals in the picture field and so on. Through high-quality content in a certain field, users’ brand awareness of 360 search is gradually formed. Instead of opening the browser like this, you use you in the most conspicuous place. As for what you use, it is a comprehensive search anyway.
However, 360 wants to cooperate and open up, but it may not be able to find a willing partner. If one day Zhihu and 360 really come together, friends will be shocked. However, isn’t the Internet world a place to witness miracles?
Question 2: The three-stage rocket is no longer in fire, and the chess is slow and slow.

Tactics: the soldiers are expensive and fast, and the enemy is killed as soon as they are killed.

360 search was able to grab a 10% share when it was first launched, which shocked the whole market. However, this move does not seem to be used by 360, so when Qi Xiangdong talked about the mobile strategy, he still said that he would improve the entrance system of "security guards+mobile assistants+lightning search".
Perhaps both sogou and 360 have benefited from the original three-stage rocket model, but in the field of mobile Internet, it seems that the three-stage rocket really can’t fly much higher. 360 can use security guards to promote mobile assistants, and can use mobile assistants to promote secure desktops and address books, but it cannot directly import traffic for lightning search.
On the one hand, there is a certain similarity in itself, and on the other hand, there is a lack of direct connection between them. When 360 realized this and began to promote 360 mobile browsers, it was a little late.
The mobile strategy must be "fast, accurate, and ruthless". If you aim at the target, you will start, take it by surprise and attack it unprepared. The sweep of WeChat 5.0 surprised everyone who wanted to make a big impact on O2O with a cold sweat. Baidu’s unexpected acquisition of 91 used such strategies and tactics.
360′ s products on the mobile side are not small, but most of them belong to the tool category, lacking killer applications like WeChat. To a large extent, 360 is strategically adhering to the PC-side thinking-paving the road first, then building a car. The problem is that, limited by the characteristics of the mobile terminal itself, the boost that each level of rocket can provide to the next level is limited, and it is too difficult to promote a product that has undergone so-called micro-innovation through the power of channels. On the surface of the mobile terminal, it is a channel. In fact, what is more important is product innovation.
Abandoning channel thinking and developing real killer applications, killing the enemy may be something 360 should consider. But time waits for no one. As the giants have either completed the layout or come up with their own ticket-level products, there are not many opportunities left for 360. Can you grasp it or not? It may be known within one year.
Question 3: channel disadvantages are urgently compensated, and everyone will suffer together.

Tactics: the people’s war depends on the people, and let go of the channel dealers.

In fact, among the three major battles, perhaps channel sales is what 360 needs to do best at present. According to the data of Analysys International, the market share of 360 is only in single digits simply in terms of sales volume. Faced with such a billion-dollar market, even sogou’s revenue in a single quarter can reach 50 million, but 360, which holds 15% of the market, has not benefited much from the search business, which is estimated to be unacceptable to anyone.
Just from Qi Xiangdong’s speech, it seems that the direction of 360 development channel sales is not so right.
Different from sogou and Baidu’s multi-level agency model, Qi Xiangdong said that 360 only has a general agent, which is responsible for all sales in the region. Obviously, the coverage of this model is limited, although we can concentrate on winning high-quality advertisers to make up for the shortage of quantity. However, in the case of insufficient market share and low brand awareness of users, it is obviously not advisable to take the high-end route.
In order to shake the foundation of Baidu, 360 should start with small advertisers. The promotion expenses they can pay are not high, and the price is lower than Baidu’s 360, which can better meet their needs in this respect. Surrounding cities in rural areas and focusing on developing second-and third-tier cities have always been what 360, which boasts itself as a diaosi, is good at. It is obviously unwise to attack others with its own shortcomings.
Letting go of the channel dealers and putting more efforts into the screening of advertising quality may help 360 break the battlefield situation in a short time in a direction that is beneficial to itself.
General Qi’s statement on profit expectation is estimated to scare off a group of channel agents. "Not making money for three years in 360 is the’ snowy mountain grassland’ of the 360 agency system. The troops that can survive these three years can fight first and then be loyal to the 360 ecosystem."
You really need to be able to bear hardships in war. Red rice, pumpkin soup and a pair of sandals are a long journey. It may be difficult for channel agents to make money for three years and rely solely on painting cakes. No one will deny the development of 360, but to what extent, agents have no bottom in their hearts, and naturally they will not really be willing to play with 360 for these three years. Three years without profit is really how much you don’t take agents as outsiders.
All in all, sometimes, the Internet-style thinking may not necessarily be applicable to offline channel sales. Since Qi Xiangdong simplified the future planning into "three major battles", he might as well really study how the "three major battles" 60 or 70 years ago were won by fewer, and perhaps he can get a lot of inspiration from it.
But more often, the predicament is not caused by "unfavorable soldiers and poor war", but by one’s own inherent thinking. Perhaps this kind of thinking is what the enterprise once relied on successfully, but today it will become the fetters of its development. Only when a strong man breaks his wrist and jumps out of prison can he stand on the top of the wave as long as possible.

Twenty years after the Hang Seng Index, the battle between the emperor, the nobles and the beggars’ gangs.

This article is a reprinted article. The opinions mentioned only represent personal opinions, and the subject matter involved is not recommended. Therefore, you should buy and sell it at your own risk.

Author: Jiro Fund

Source: Snowball

Recently, I sorted out the changes of important heavyweights in the Hang Seng Index since 2000, which is quite interesting. Maybe I can find some investment opportunities from it. In the past 22 years, BLACKPINK, a heavyweight of all kinds, appeared, and the imperial grandson was a beggar, each with his own role. Because I can’t find out the changes of the heavyweights in the Hang Seng Index, I specially read the annual reports of TraHK since 2000 and sorted out the data based on the shareholding ratio disclosed in its annual report. TraHK is a fund that follows the Hang Seng Index, so this deviation will be relatively small and the degree of certainty will be relatively high.

We divide the main heavyweights into three categories: the emperor’s grandson, the aristocrat and the beggar’s gang. Grandsons mainly refer to companies that have been rooted in Hong Kong for a long time and are of great significance to the local economy and historical development of Hong Kong. The samples are Cheung Kong Industrial 00001, Sun Hung Kai Properties 00016, CLP Holdings 00002, Hong Kong Stock Exchange 00388, HSBC Holdings 0005 and Hang Seng Bank 00011.

Noble shares mainly refer to the central enterprises that have made great contributions to China’s national economy, with stable profits and dividends. The samples are Industrial and Commercial Bank of China 01398, China Construction Bank 00939, Bank of China 03988, Bank of China Hong Kong 02388, Bank of Communications 03328, China Merchants Bank 03968, China Shenhua 01088, China Petroleum 00857, China Petrochemical 00386 and China Offshore Oil 006. At the same time, it also includes some private or foreign companies, such as China Ping An 02318 and AIA 01299. Beggars’ gangs mainly refer to some so-called new economic companies. These companies basically have no stable profits or dividends, and their returns to investors are unstable. They mainly make a living by burning money and cutting leeks. The samples are Tencent Holdings 00700, Alibaba 09988, Meituan Takeaway 03690 and Xiaomi Group 01810.

Since 2000, we have found that the changes in the category of heavyweights can be divided into four stages.

The first stage is the emperor and grandson (2000-2006). This stage is basically the world of the emperor and grandson, and the nobility has emerged temporarily. HSBC Holdings has maintained a weight of around 20-30% for a long time, with a group of younger brothers, such as Hang Seng Bank, dominating the pricing power of Hang Seng Index for a long time. At this time, the aristocrat made an only child, China, whose weight was not small, and it was always between 10% and 20%, with fluctuations. In this period, the Hang Seng Index can be said to be controlled by HSBC Holdings, with China Mobile as an accomplice, forming a combination of two swords. The two heavyweights joined hands to lead the Hang Seng Index out of the gloom after the financial crisis in 1997 and the bursting of the dotcom bubble in 2000, and regain its upward trend.

The second stage is the rise of nobility (2007-2012). Since central enterprises went public in succession from 2002 to 2008, the number of state-owned enterprises in the Hong Kong market increased, and these state-owned enterprises are core assets of China with high profits and dividends, so the Hang Seng Index was incorporated into a number of companies in 2007. PetroChina, Sinopec, CNOOC, China Construction Bank, ICBC, BOC, Shenhua, Bank of Communications, China Life Insurance and Ping An were included in the Hang Seng Index in 2006 and 2007. To this end, in 2007, the eldest brother of the Huangsun family, HSBC Holdings, was forced to reduce its weight by nearly half to give way to the nobles of central enterprises. Until the end of 2019, the central enterprises on behalf of China Construction Bank have maintained a high weight of around 8%. Meanwhile, China Mobile also began to be forced to lower its weight in 2009, giving way to the brothers of other central enterprises. The central enterprise sector has contributed to the stock price jumping up and down in the post-crisis era in 2008 and 2009.

The third stage is internal and external collusion and the rise of beggars’ gangs (from 2013 to 2019). At this time, Tencent Holdings, the leader of the Beggars’ Gang, was born. In 2013, its weight was suddenly doubled to 7.37%, and in the following years, its weight rose all the way to 10.6% in 2019, defeating Huang Sun and nobles in one fell swoop and becoming the largest heavyweight in the Hang Seng Index. On the other hand, AIA, the American imperialists, also gained weight all the way during this period. In contrast, the aristocratic groups were eclipsed, and central enterprises such as China Mobile were downgraded. The biggest victim was China Mobile. In 2019, under the impact of the delisting of the US imperialists, the stock price plummeted, and the weight also plummeted. With the cooperation of AIA, Tencent, the leader of the beggar gang, took advantage of the opportunity of Hong Kong Stock Connect to push the Hang Seng Index to rise steadily during this period (although it experienced a stock market crash in the middle).

The fourth stage is to worship foreign things and flatter foreigners, and to help beggars all over the world (2020-present). In 2020, Tencent Holdings, the leader of beggars’ gangs, led a group of beggars’ gangs to fully occupy the heavyweights of the Hang Seng Index. Except Tencent’s 9.51% weight, Ali, Meituan and Xiaomi exceeded 4% weight when they started, and the total weight of the four beggars has exceeded 24%. We should know that two of these four enterprises are unprofitable for a long time, three of them do not pay dividends for a long time, and only one of them occasionally gives a few points every year. AIA Holdings of the US imperialists also gained a 10% weight in 2020. The representative of the aristocratic group, China Mobile’s weight has been reduced to about 2%, which can be ignored; Shenhua was even expelled; The weight of three barrels of oil is even less, and the aristocratic group has suffered an unprecedented blow. In 2021, with the dismissal of Bank of Communications, it reached freezing point. The weight of AIA Holdings and the four beggars is close to 40%, and even the former imperial grandson represents HSBC Holdings with only about 7%. Internal and external collusion, the beggar brothers won an all-round victory. Sadly, the Hang Seng Index, led by beggars’ gangs, has fallen miserably in the past two years.

From the above four stages, we can probably see several problems:

First, the adjustment of the heavyweights of the Hang Seng Index has developed in response to market changes. The tide of listing of central enterprises from 2002 to 2008 created the conditions for central enterprises to be included in the Hang Seng Index. In 2013, the Hong Kong Stock Connect is ready to be opened. Tencent Holdings, as an Internet enterprise with a lack of cancer stock market, will be highly sought after by mainland funds after its opening. It is expected that under the hype, it will be promoted by a large proportion. Since 2019, various non-profit new economic enterprises have been listed on Hong Kong stocks in large quantities, which has created the Hang Seng Index, the top four beggar gangs. Therefore, on the surface, every time the heavyweights change blood, it is the Hong Kong Stock Exchange that conforms to the market.

Second, is the inclusion of heavyweights really good? The answer is no! In 2007, central enterprise groups were included in the Hang Seng Index and dominated the list. The direct result was the financial crisis in 2008, and major central enterprise stocks were almost included in the index at a high level. Also in 2020, when the four beggars dominated the Hang Seng Index, it was precisely the high point of these companies’ share prices. On the contrary, China Mobile, China Shenhua, and Bank of Communications, which were downgraded again in 2020, were dismissed in 2021, but their share prices bottomed out soon and got out of the slow cattle.

Third, frequent takeover of index funds at high positions, conspiracy or conspiracy? I can’t draw a conclusion about this, but there are several details worth considering. 1) From 2002 to 2007, when central enterprises went public, many foreign investors (mainly American imperialists) were important strategic investors during or before IPO. After entering the market at a low price, they inevitably needed an opportunity to escape. Just in 2007, in line with the big bull market environment, they threw a package of central enterprises directly into the Hang Seng Index, and many of them were not low in weight, and then everyone knew. 2) In 2020, China Mobile suffered a blow from the U.S. imperialists. In that year, it directly reduced its weight by half from more than 4%, which was not too high, and thus severely suppressed its share price. 3) In 2020-2021, when the share price of Internet companies rose sharply, the weight of the four beggars was greatly increased. The major shareholder behind the four beggars is precisely foreign capital, and everyone has seen the following things. Index funds have repeatedly taken over high positions. Is it a conspiracy or an open plan?

From the above questions, we may get some investment suggestions or judge some future trends.

1) Companies that are newly included in the index or have a high proportion of weight will be doomed sooner or later unless they have sustainable development and long-term reasonable dividend returns (such as HSBC Holdings).

2) A company that has been expelled or drastically reduced its weight, if its profits are stable and its dividends are long-term and reasonable, may be a time to enter the market for a long time. Such as China Shenhua and China Mobile in 2020.

3) At present, the aristocratic central enterprises have been suppressed for ten years, with little weight left, but these enterprises have stable profits, large net profits and generous dividends, and may be reborn in the next 1-2 years. Both share price and weight may rise sharply; Beggars’ gangs, due to the lack of sustained profits and dividends, have inflated stock prices and great power, and their stock prices and weights will face tremendous downward pressure in the future.

Therefore, happiness depends on misfortune, and misfortune depends on happiness. It is not a good thing to dominate the list, and it is not a bad thing to be fired. Everything in the world goes on and on. Next year, the environment may change.

Every squat is for jumping higher next time! When the market is in a downturn, Xiaoxue will accompany you to charge.

Welcome to sign upThe official snowball team has created a free excellent course for you.: Through the seven-day WeChat group+Xiaoxue 1-on-1 intimate companion teaching, you can learn the practical and easy-to-understand five-strokes selection method and master the fund trading skills! The latest WeChat learning group is in hot recruitment!

Reporting/feedback

How AIGC Remodels the Experience and Business Model of Interactive Narrative Games ｜ ＂Game Day＂

"Thursday will be a fixed game day, paying attention to the entertainment innovation brought by game technology and experience iteration. Welcome to contribute and communicate. Please see the end of the article for contact;For more game cases and technology application research, please pay attention to the brand account of Dongxi Entertainment Game Group.“

Technical development has always been an important force leading the iteration of game products. With the more extensive application of AI technology in the game industry, new game tracks are gradually bred.

Recently, Hidden Door, an American startup company, announced its first product-Hidden Door, a social AIGC narrative platform, and announced that it had completed the financing of US$ 2 million, which was led by the European venture capital fund Northzone, followed by funds such as Makers Fund and Brooklyn Bridge Ventures, and Roblox CTO Dan Sturman also participated as an angel investor.

Hidden Door is a narrative game platform based on AIGC-related technologies. Through AI natural language generation technology, it stimulates the potential of players’ story creation and allows many players to take risks in stories aided by AI.

Hilary Mason, CEO of Hidden Door, said, "This project is mainly to create game narratives together, establish social connections among players, and enable anyone to create unique stories. The challenge is how to develop an AI system, which can not only allow AI to create with players, but also ensure the diversity and security of stories. "

Compared with game design, AI technology and algorithm are more critical factors for the success of this kind of AIGC narrative game platform. Hidden Door is not the forerunner of this track. As early as 2019, a similar product AI Dungeon appeared. However, due to the limitations of AI technology, AI Dungeon has already experienced risks such as uncontrollable AIGC content and insufficient security.

Although the technology is not mature enough before, AIGC has brought new mechanisms and experiences to the interactive narration of the game, and helped the game narration, which used to emphasize single-player experience, to be more closely combined with social play, thus giving birth to a new business model, thus attracting companies such as Hidden Door to explore and invest in this direction.

　　　

Hidden Door：

AIGC narrative game platform to create multi-person creation and social space

Founded in 2020, Hidden Door is a graphical multiplayer game platform, which uses AI to help players build a complete game narrative. Players only need to give a general world view framework and story outline, and then AI can complete the filling of NPC, items and other content.

The platform can store the world and stories built by players and AI, and players can play the roles in these stories, have a 2D virtual image, and manipulate the characters to travel and take risks in the world by inputting natural language commands.

The platform will be tested this year, but its game threshold is not high, and the natural language texts given to AI are only simple sentences. The first users are aimed at children between 9 and 12 years old.

Hilary Mason, founder of Hidden Door, believes thatDuring the epidemic, "desktop role-playing games such as Dungeons and Dragons are more popular than ever, and storytelling has become a popular social activity in games such as Roblox and Minecraft."

At the same time, in the process of accompanying children to tell stories during the epidemic, she found that narration was a challenge for ordinary people. Hilary Mason was inspired by this and chose to use AI to help players to build more interesting game narratives.

Hilary Mason believes that the value of introducing AI is mainly reflected in the release of narrative creativity of players. "Players may be inspired by an idea, but they will find that it takes a lot of work to create stories around it."

In order to better understand the Hidden Door product, Hilary Mason compares the game experience of this product with the board game Dungeons and Dragons.The role of AI in the game is similar to that of DM(Dungeon Master) in Dungeon and Dungeon.

Dungeons and Dragons is a classic desktop role-playing game, which is regarded as the predecessor of electronic role-playing games. With a complete set of rules of the game, players play the role of adventurers to participate in the game, relying on paper and pen to record the values and equipment props of the role, telling the players their actions in oral language, and then deciding whether the action is successful by rolling the dice.

Because each game of Dungeons and Dragons is based on the existing complete world view and story, and the behavior of the characters is completely based on the player’s dictation, the game has a high degree of freedom, and the role of DM is to respond to the player’s behavior according to the rules of the game and the story.

For example, before cleaning up the monsters outside the city in the main plot, the player chooses to ask the help of the Lord in the city, while DM will play the role of the Lord, and decide to give the player more or less assistance according to whether the Lord is stingy in setting.

Back on the Hidden Door, AI plays the role of an auxiliary builder of plot and world view, and at the same time replaces the original role of DM, which can help players to free themselves from complex creation and rules and fully devote themselves to the game.

In other words, the creativity of the story comes from people, and AI is more like a helper. When the player is exploring the game, AI is responsible for perfecting the overall story structure, filling in the gaps in the world view and describing the details of the story. When players lack the ability of narrative rhythm, story tension and conflict management, they can also be supplemented by AI.

However, this also means that products like Hidden Door have high requirements for AI’s natural language ability and data processing ability.

Hilary Mason is a data scientist herself. She founded Fast Forward Labs, an AI research company. The company’s first research was about natural language generation. Matt Brandwein, another founder of the company, was the product leader of Cloudera, a data platform company, providing AI and data service support for companies such as eBay and Nokia.

　　　

AIGC narrative game platform technology and mode iteration direction;

More controllable and visual

In fact, Hidden Door can be regarded as the second generation AI narrative game platform, and a similar product named AI Dungeon appeared in 2019.

AI Dungeon is developed by Latitude, a startup company, and is based on the rules of the game similar to Dungeons and Dragons, but it is different from Hidden Door in the game mode. If Hidden Door is an "expansion" in the player’s mind, then AI Dungeon is a "continuation".

AI Dungeon is like a novel written by a player and AI. In the game, there are only words without any graphics. The player is responsible for inputting simple sentences to control the actions and dialogues of the characters, while AI is responsible for the subsequent plot development of the player’s text.

AI Dungeon’s text generation technology is completely based on the GPT model released by OpenAI. AI Dungeon attracted more than 100,000 players within a few months after the official version was launched in December 2019. To this end, OpenAI also provided a professional version for Latitude, and promoted it as a successful product of commercialization of GPT model.

GPT model has now developed to GPT-3, which has become an important technology of AI narration in many games. In the VR game "Modbox", there is already a test version that applies GPT-3 to NPC characters and can have a simple conversation with players.

However, this technology has not been installed in Modbox, because OpenAI has not been authorized to open GPT-3 in the game field on a large scale. One of the important reasons behind it is that GPT-3 still has certain limitations, and some disadvantages have been highlighted on AI Dungeon.

First, it is uncontrollable.. As an AI text generation technology, GPT-3 does not have a sense of morality, and there is no criterion for judging whether the generated text is suitable for players of all ages. In addition, under the game mode of AI Dungeon’s "continuation writing", AI can easily produce illegal and pornographic content under the deliberate guidance of players. This problem began to spread on a large scale in 2021 and caused a bad influence on AI Dungeon.

Second, there are stereotypes.The machine learning of GPT-3 is completely based on the information of the whole Internet, and is influenced by various stereotypes on the Internet. This problem of GPT-3 was publicly discussed at a seminar held by researchers from OpenAI and Stanford University in 2020, but no good solution has been found yet.

In order to solve the above two problems, AI Dungeon had to launch a new filtering system in May, 2021, but the mechanism of this system was extremely rude. In order to prevent child pornography, even the word "five years old" was once not allowed to appear in the game. Moreover, this system has also been pointed out that there is a problem of reading the information of the player’s equipment, and there is a risk of information leakage.

Hidden Door realized the limitations of GPT-3 model, and even published a blog post in official website to point out the problems of GPT-3.On the basis of the first generation AI narrative game platform AI Dungeon, we choose to iterate in the directions of natural language generation technology, game mode and game graphics.

First of all, based on the natural language generation technology accumulated by Hilary Mason in Fast Forward Labs, Hidden Door has developed a new narrative game engine, has an independent machine learning training model, and has set a safer content production standard.

Secondly, it is also the difference of the game mode mentioned above. Hidden Door expands according to the outline provided by the player, which is more controllable.

Finally, AI Dungeon is the expression form of pure words, while Hidden Door introduces the visualization form of 2D graphics generated by AI, which is more intuitive in presentation form.

How AIGC Remodels Interactive Narrative Games

Experience and business model

In recent years, the game has become an important scene where the concept of AIGC has landed, and it covers many dimensions from game development to player play.

Among them, from the current development stage of AI technology, AIGC is closely related to game narrative. It is mainly embodied in shaping a brand-new narrative experience in traditional 3A games, but when it falls into a broader category of interactive narrative, it will bring new inspiration to this category to open up social gameplay and business models.

In fact, as the open world becomes more and more complex, there may actually be thousands of NPCs in a world, but most of them are ordinary passers-by. Some games are trying to make every NPC play a role in the game narrative, and choose to introduce AIGC for this purpose, so as to make the stories of these NPCs intertwined.

For example, in 2021, Ubisoft released Watchdog: Legion, which is a game without a protagonist. Players can play any NPC in the game. Ubisoft, through the self-developed aLiVE group AI system, gives NPC in every city independent personality, ability, life, story and interpersonal relationship, and each NPC has high interactivity and coherence.

You saved an NPC’s life one day, and then that NPC’s friend may give you a helping hand. You see a pickpocket NPC at the gate of the subway station. After a while, you may see him running away after the police. Thanks to the diversity of NPC AI, each player often has a unique game narrative experience in Watchdog: Legion.

From the point of view that the interactive narrative of the game extends to the whole interactive narrative category, the emergence of AIGC narrative game platforms such as AI Dungeon and Hidden Door has actually opened up more social gameplay and business models for interactive narrative games.

Interactive narrative games have accumulated in the European and American markets for many years, especially in the European and American mobile game market, there have been head products such as Episode》《Choice that have developed for many years and have a stable audience. Among them, "Episode" has the best commercial performance and is stable in the top 60 of the best-selling list of iOS games in the United States. This category of track has even attracted China manufacturers to go to sea, such as "Chapters" launched by Chinese online, which ranks among the top 200 best-selling products.

Episode, as a representative old-fashioned product, provides a game platform for players to play and create interactive stories, mainly for young female users. The platform now has 150,000 stories, totaling more than 10 billion story views. In Episode, the story is mainly presented in the form of role dialogue, supplemented by simple CG and animation. Players can connect different stories by choosing different answers in each conversation.

However, the limitations of Episode are becoming more and more obvious. Its gameplay is completely a single story experience, and its social attributes are relatively weak. Players use the built-in UGC creation tools to share their own stories or discuss them on the built-in social network. In terms of business model, Episode takes the common form of free and in-house purchase. Players need to wait for several hours to unlock new chapters, otherwise they need to spend money to unlock them directly. In addition, special options and story lines in some stories also need to spend money to unlock them.

Products such as AI Dungeon have explored some new paths in interactivity, sociality and business model because of the addition of AI technology.

For example, in games such as Episode, the interactivity is reflected in the fact that players can enter different story branches according to different choices, but on the whole, the story is linear and fixed, which cannot support multi-person participation.

And "AI Dugeon" has developed an AI model to deal with multiple players through AI technology, which can give feedback on the interaction of different players. In the business model, AI Dungeon provides more advanced AI models as value-added services to players, such as smarter monster AI models. In the traditional RPG game, Krypton’s pet has a numerical advantage over the free player’s pet, but in AI Dungeon, it is characterized by higher intelligence and stronger interaction.

Of course, due to the immaturity of AI technology, players of "AI Dugeon" need to interact with AI in turn, which greatly slows down the overall game rhythm, and when there are too many people, data confusion often occurs, resulting in poor experience.

Therefore, it can be said that at present, the experience upper limit of this kind of AIGC narrative game platform is mainly determined by the AI technology level, and the more preferred productization idea can make up for the experience to some extent, which is also the exploration direction and operational space of Hidden Door as a new generation product.


EW-Entertainment

Recent Topics and Related Contents　 　




The peak traffic flow out of the city on the National Day has arrived, and the G40 is congested in the direction of Chongming, and it will meet the maximum traffic tomorrow.

(Source: Shangguan News)

"The traffic jam is expected. I don’t know when I can get home." At 18: 30 today, Mr. Wang, who drove back to Qidong, Jiangsu Province, has been stuck in the direction of Gaodong Toll Station on Wuzhou Avenue for more than half an hour: "This section of the road is full of throttle and brakes, and the cars in front and behind are waiting in line, and there is no end at all."

Like Mr. Chen, many citizens start their travel plans in advance the day before the National Day holiday. At 10 o’clock today, the G1503 Gaodong toll gate has ushered in the peak of traffic flow towards Chongming. In the afternoon, red congestion began to appear in some sections of the G40 Yangtze River Tunnel Bridge heading for Chongming.

At about 18: 30 today, the navigation software showed that the connecting sections of G40 Yangtze River Tunnel Bridge and Gaodong Toll Gate had been congested in red.

The congestion of this route will continue until tomorrow night. According to the forecast of Pudong Public Security Traffic Management Detachment, October 1st will be the peak day of traffic flow out of the city, and the traffic flow to Chongming will reach 84,000 vehicles. Under normal circumstances, when the traffic volume of Gaodong toll gate reaches more than 3000 vehicles per hour, the traffic will slow down. By then, it will be hard to avoid the slow traffic congestion on the expressways and expressways in Wuzhou Avenue, S20, G1503 and some ground roads connected with them.

With the centralized release of long holiday travel demand, the road traffic pressure in the city continues to increase, and many urban expressways begin to slow down in the afternoon. After entering the evening peak, the traffic congestion is significantly worse than usual.

The growth of traffic volume also makes the road conditions more complicated, which is prone to traffic accidents such as collision and rear-end collision. Especially in the bridge section of G40 Yangtze River Tunnel, once a traffic accident happens, the congestion will be worse.

In this regard, the public security traffic control has set up a longitudinal deceleration line and a red asphalt pavement at the entrance of the Yangtze River Tunnel in the direction of leaving the city, and carried out safety guidance in real time along the left lane 1 in the tunnel where accidents are most likely to occur, reminding drivers to slow down and prevent rear-end collisions. At the same time, a contour light belt has been set every few hundred meters in the tunnel to help drivers confirm the geographical environment, fix lanes and drive safely.

Original title: "The peak of traffic flow out of the city on National Day has arrived, and the G40 is congested in Chongming, and the maximum traffic will be met tomorrow."

Editor-in-Chief: Wang Haiyan

Source: Author: Liberation Daily Wu Linhua

Reporting/feedback

China youth in the eyes of foreign students： patriotic, enterprising, warm and friendly

　　China Daily Online, May 4th (Reporter Nisina Sun Ruonan) "Youth is like early spring, like the morning sun, like the budding of a hundred flowers, like a sharp sword, the most precious period of life. Youth is to society what fresh and lively cells are to people. " Today is the 99th anniversary of the May 4th Movement. We walked into the campus and interviewed six foreign students. Come and see what kind of youth China youth represents in their eyes!

China youth in the eyes of foreign students: patriotic, enterprising, warm and friendly

　　Mike, a student from the Republic of Burundi: enthusiastic and enterprising.

　　They are very enthusiastic, especially in learning. They are willing to learn from scratch and are enthusiastic about new things and new knowledge. Compared with young people in other countries, young people in China are still very competitive. Although young people in our country will study hard, the efforts of young people in China have reached another level, far exceeding those in our sense.

China youth in the eyes of foreign students: patriotic, enterprising, warm and friendly

　　Afghan student Hari: Friendly and hard-working.

　　Students in China work harder than Afghan students. They take their studies very seriously every day. I think students in China are very good. Young people in China are very friendly and helpful to foreigners. Whenever I have any questions, just ask them and I will get very effective answers and help.

China youth in the eyes of foreign students: patriotic, enterprising, warm and friendly

　　Bangladeshi student mishu: Passionate about spreading China culture.

　　Young people in China are very willing to learn about people and cultures of other countries. They are also very patriotic and will actively show every aspect of China culture to foreign friends on different occasions. Young people in China are always very friendly, diligent and patriotic, and we also love China.

China youth in the eyes of foreign students: patriotic, enterprising, warm and friendly

　　French student Ala Edin: Excellent.

　　Generally speaking, the young people in China in my impression are always very friendly. Whenever I compare the youth in China with those in other countries, I think of very positive and positive things. If I can use one word to describe the youth in China, it is "excellent".

China youth in the eyes of foreign students: patriotic, enterprising, warm and friendly

　　Pakistani student Ba Qiming: Work hard

　　They are very energetic and responsible. The young people I know in China are very, very hard-working, but what impresses me is that they are usually studying at high intensity. I think they should better balance their study and life. Some young people in China are very forgetful in learning and have a strong sense of time. For example, young people in our country may study for two hours and play for two hours, but many young people in China will spend all their time on their studies. They think that playing for two hours is a waste of time. To tell the truth, they are my motivation to learn.

China youth in the eyes of foreign students: patriotic, enterprising, warm and friendly

　　Korean student Shen Mei (right): Love learning.

　　Young people in China love learning, live a regular and healthy life, go to bed early and get up early, and get up on time for breakfast every day. Moreover, young people in China are very frugal. When they go out for a party, they will pack up the rest of the food and take it away after eating. Young people there rarely do this.

Top Ten Breakthroughs in 2022 Selected by Science

　　Looking up at the starry sky, ploughing the earth, exploring and deciphering … Recently, Science published the top ten scientific breakthroughs in 2022, leading people from a scientific perspective to pursue the past and the present.
　　Peeking into the "golden eye" of deep space　
　　The james webb Space Telescope (JWST), launched on December 25th, 2021, still produced many amazing achievements in 2022, despite the twists and turns of small space rocks. From the newborn star whose poisonous spider nebula is gradually covered by dust clouds, to the high-precision version of the pillar of creation, which is clearly visible even to the red newborn star, to the deepest and clearest infrared image of the distant universe so far … This "golden eye" with a gold-plated mirror, which took 20 years and cost 10 billion US dollars, has brought countless surprises to astronomers, making it the top scientific breakthrough in Science in 2022.
　　Planting perennial rice for three or four years at a time.　
　　Spring planting and autumn harvest, year after year, the hard work of farmers is self-evident. However, the perennial rice varieties developed by Hu Fengyi of Yunnan University in China, together with researchers at home and abroad, can be harvested continuously for three or four years from the second season after being planted once, eliminating the repeated work of farmers such as buying seeds, raising seedlings, plowing and transplanting for several weeks every year. Skipping this step, the workload of rice planting per person per hectare per season can be reduced by 77 days, and the cost can be reduced by half. In addition, the nutrients in the fields planted with perennial rice have increased. But in the fifth year, the output will drop a lot, and it needs to be replanted. The birth of this revolutionary perennial rice has injected new kinetic energy into the sustainable agricultural development.
　　Creative AI is "accelerating"　
　　Playing chess, programming, playing board games, doing scientific research, and creating … In 2022, artificial intelligence (AI) is entering the field that is considered to be controlled by only human beings at an extremely fast speed. The text-generated image model flooded with social media platforms is refreshing. It can analyze and correspond to pictures and words on the network through machine learning technology, and create new images according to the text input by users. For example, DALL-E, a software launched by OpenAI, can generate several pictures that meet this description after receiving the instruction of "armchair in the shape of avocado". All these AI models based on diffusion can be used by the public, and even an artist won an art contest by using the pictures generated by one of the models. It can be seen that when AI has creativity, its strength can not be underestimated, or it can surpass human beings.
　　The "giant" in the bacterial world　
　　The "thinness" of bacteria means that it is a "small head" that can only be observed by a microscope. But there are also bacteria that are not small. One-celled bacteria called Thiomargarita magnifica, like hair, hang on the fallen leaves in mangrove water. A filament is a cell, 1 cm long and visible to the naked eye. This single-celled bacterium, the largest so far, has been subjected to detailed structural analysis and sequencing. Its discovery inspired scientists looking for large and more complex bacteria. They believe that the "giant" of bacteria like Thiomargarita magnifica may be hidden under people’s eyes.
　　RSV vaccine breaks free from the shackles of "death"　
　　The vaccine developed to conquer respiratory syncytial virus (RSV) could not cure the disease 50 years ago, but might cure the dead. At that time, a clinical trial of experimental candidate RSV vaccine resulted in the death of two children and 80% of the vaccinators were hospitalized. Since then, the research and development of RSV vaccine has been stagnant for decades. This year, two RSV vaccines broke free from the shackles of "death", which proved that they can safely protect infants and the elderly, the two groups most affected by RSV infection. These two vaccines can prevent people over the age of 60 from suffering from severe illness without serious side effects, and even one of them can be vaccinated by mothers in the third trimester and can pass antibodies to the fetus, protecting the baby from RSV for up to 6 months.
　　This virus induces MS’s "accusation" to sit down.　
　　Multiple sclerosis (MS) is a disease of "one’s own beat one’s own", that is, the immune system attacks neurons. Mild patients have blurred vision, fatigue and numbness, while severe patients will gradually be unable to speak and walk. Scientists have previously locked in the "suspect" Epstein-Barr virus (EB virus), but they have not found the key evidence of its "crime". Because although almost all MS patients have antibodies to EB virus, 95% of healthy adults also have the antibodies. Therefore, it is difficult for researchers to determine whether the virus is the cause. This year, researchers used a large number of military medical records to "convict" EB virus, which proved that the protein contained in EB virus can deceive the immune system and make it attack nerve cells, thus causing nerve damage. This discovery may lead to a new way to treat or prevent this mysterious disease.
　　The United States no longer talks about reducing emissions through climate law　
　　As the old saying goes, "all talk and no practice." For decades, American scientists have been in the forefront of the world in recording and analyzing climate change risks. However, as the world’s second largest emitter of greenhouse gases, the United States has never passed a law to implement a substantial reduction in greenhouse gas emissions. Finally, this summer, an inflation reduction bill (IRA) was passed, which is expected to end the previous "empty talk" in the United States. The bill is the biggest step in the history of the United States to slow down global warming. It will provide $369 billion for renewable energy and nuclear power generation in the next 10 years, encourage the comprehensive transformation to electric vehicles and encourage research related to reducing industrial emissions. This will enable the United States to reduce its greenhouse gas emissions to 40% of the 2005 level in 10 years. However, it may not be enough for the United States to realize the promise of the Paris Agreement by IRA alone.
　　The "gift" of the Black Death hidden in genes　
　　The Black Death, the plague, was once a lingering nightmare for Europeans. About half of Europeans died of the disease 700 years ago. However, while it takes life, it also gives the living a "gift"-genetic variation that enhances the immune response to Yersinia pestis (the pathogen of plague). The research team discovered this genetic variation by analyzing the ancient DNA in the bones of more than 500 people buried before, during and after the Black Death in London and Denmark. In the century after the Black Death, this protective gene variant spread rapidly among the European population, which is by far the most powerful case of natural selection in the human genome.
　　Man’s first planetary defense test was successful　
　　On September 26th, 11 million kilometers away from the Earth, a spacecraft the size of a vending machine hit an "innocent" asteroid with a diameter of 160 meters-Dimorphos at a speed of 6 kilometers per second. This "violent" action is the first field test of planetary defense mission in human history, that is, NASA’s double asteroid redirection test (DART). It is not calm around the earth, and whispers often patronizes it. Although most of them are exhausted when entering the atmosphere, it does not rule out that there are larger celestial bodies, such as asteroids, which threaten the safety of the earth. The solution is to hit the asteroid hard enough to make it turn, but not too hard at the same time, causing it to launch small rock fragments to the earth. The success of the DART mission provides more data for scientists to improve the planetary defense plan.
　　Ancient DNA sequence of frozen soil reveals the lost world　
　　How long can DNA be preserved? The latest answer is 2 million years. Recently, scientists extracted the DNA sequence of 2 million years ago from the frozen soil in the northeast corner of Greenland. These oldest DNA sequences so far depict a lost world-this desolate and barren place was once home to mastodons and reindeer 2 million years ago, and was covered by poplar, spruce and yew forests that are common in low latitudes, as well as sedges, shrubs and birch trees that still grow here today. These findings show that ancient sedimentary DNA may help uncover the amazing face of the past ecosystem.
　　

Powell reiterated that maintaining high interest rates and the Nasdaq hit a new high, and ＂retail holding stocks＂ continued to soar.

　　On Tuesday (May 14th) EDT, US stocks collectively closed up on Tuesday, with the Nasdaq hitting a new high. The market is waiting for the CPI data to be released in the United States tonight.

　　[US stock index]

　　In the news, Powell said overnight that the Fed’s next move is unlikely to be to raise interest rates, and it is more likely to maintain the policy interest rate at the current level. The Fed needs to be patient and wait for more evidence that high interest rates are curbing inflation and inflation continues to cool down, so it needs to keep interest rates at a high level for a longer period of time.

　　To a certain extent, Powell’s remarks were regarded as dovish by the market. Some commentators said that Powell once again hinted that the Fed might not cut interest rates at present, but denied that the interest rate hike had boosted US stocks. . Megan Horneman, chief investment officer of Verdence Capital Advisors, said that the market is a little overconfident, and they are used to Powell’s dovish remarks, but the longer inflation lasts, the greater the decline will be in the future.

　　In addition, the United States released the latest PPI data, and both the overall and core rose by 0.5% month-on-month, which was higher than market expectations. However, due to the downward adjustment of the data in March, the year-on-year increase of the overall PPI and core PPI was consistent with expectations. The market pays more attention to the CPI data tonight, so the performance of US stocks is limited.

　　American debt

　　The benchmark 10-year US bond yield dropped to 4.45%, while the 2-year US bond yield, which is most sensitive to the Fed’s policy interest rate, closed at 4.81%.

　　[Hot American stocks]

　　Among the popular US stocks, Microsoft rose 0.69%, Apple rose 0.62%, NVIDIA rose 1.06%, Google A rose 0.71%, Amazon rose 0.27%, Meta rose 0.82%, TSMC rose 3.77%, Tesla rose 3.29%, AMD rose 1.73% and Intel rose 1.77%.

　　It is worth mentioning that since Keith Gill, the "number one bull" who set off a retail war against Wall Street three years ago, returned to social media after three years and was suspected of making another bet, many retail investors rallied for the second consecutive day. Game stations and AMC cinemas have accumulated more than 100% in two days.

　　[global index]

　　In European stock markets, the FTSE 100 index rose slightly by 0.16% to 8428 points. The French CAC40 index rose slightly by 0.20% to 8226 points. Germany’s DAX index fell slightly by 0.14% to 18,716 points.

　　Major European stock indexes rose for the eighth consecutive day, the longest consecutive increase since November 2021. European stock markets have been rising all the way this year, with the Stoxx 600 index up nearly 9%, led by banks, media and technology stocks. Due to the low valuation and the improving economic situation, investors’ interest in European stocks has warmed up. Citigroup strategists said that investors significantly increased their bullish bets on European stock indexes last week.

　　In Asian stock markets, the Hang Seng Index fell slightly by 0.22% to 19,074 points. The index of state-owned enterprises fell slightly by 0.30% to 6741 points. The Nikkei 225 index rose 0.46% to 38,356 points.

　　[China index]

　　Overnight, Hang Seng Technology Index futures rose 0.50%, Nasdaq China Jinlong Index fell 0.21%, and FTSE China A50 Index fell 0.33%.

　　[China Stock Exchange]

　　In terms of popular Chinese stocks, Tencent Holdings (Hong Kong stocks) rose by 0.95%, Alibaba fell by 6.02%, Pinduoduo fell by 1.30%, Netease fell by 0.85%, Baidu fell by 2.12%, Ctrip rose by 1.46%, LI fell by 2.22%, Weilai rose by 6.93% and Xpeng Motors rose by 2.23%.

　　[foreign exchange commodities]

　　Because the PPI data of the United States in April exceeded expectations, the US dollar index once rushed to the intraday high of 105.47, and then retreated all the gains in the day and turned down, finally closing down 0.19% to 105.01.

　　Gold rebounded, with COMEX gold closing up 0.94% to $2,358 per ounce, aided by the fall in the yields of US dollars and US bonds and Powell’s continued interest rate hike. COMEX silver closed up 1.38% at $28.61 per ounce.

　　The market has intensified concerns that the Federal Reserve may continue to maintain high interest rates to fight inflation, and oil prices have adjusted back. WTI crude oil closed down 0.91% to 78.4 USD/barrel; Brent crude oil closed down 0.68% to $82.79/barrel.

　　[Highlights]

　　Powell: It is unlikely to raise interest rates in the next step. We need to wait for more evidence that inflation is cooling down.

　　Powell said that the Fed’s next move is unlikely to be to raise interest rates, and the Fed is more likely to maintain the policy interest rate at the current level. He predicted that inflation would go down, but the inflation data in the first quarter of this year reduced his confidence, which made the Fed unable to give whether or when it could lower interest rates. "New Fed News Agency" wrote that Federal Reserve Chairman Powell confirmed that the Fed plans to maintain interest rates at the highest level in more than 20 years, waiting for evidence that inflation will resume to slow down, and Powell kept a wait-and-see attitude towards inflation and interest rates.

　　Google launches a new version of search engine with generative AI function.

　　Google said on Tuesday that it will launch a new version of its search engine, including search results written by artificial intelligence. This is one of the most significant reforms since the establishment of this iconic Internet portal. Google began to use artificial intelligence to answer users’ questions last year, but users must first register the trial version of the product. Google said at its annual I/O Developers Conference that this new search engine with AI Overviews will be launched to American users this week, and will be launched to users in more countries in the next few months, covering more than 1 billion users before the end of this year. For this company, which has become synonymous with search, the biggest change of "Google Search" is that some responses to queries will now be more narrative, so that people don’t have to click on various links.

　　XAI, an artificial intelligence startup owned by Musk, is close to reaching a $10 billion server rental agreement with Oracle Bone Inscriptions.

　　XAI, an artificial intelligence startup owned by Musk, has been negotiating with Oracle Bone Inscriptions executives to spend $10 billion to rent a cloud server from Oracle Bone Inscriptions in the next few years. The deal will make xAI one of Oracle Bone Inscriptions’s biggest customers, as Musk tries to quickly catch up with competitors, who have spent billions of dollars on dedicated servers needed to train and run conversational artificial intelligence. The transaction scale of 10 billion is comparable to that of two leading artificial intelligence developers, OpenAI and Anthropic, with larger competitors than Oracle Bone Inscriptions.

　　Novo Nordisk will study whether its weight loss drugs can help reduce alcohol consumption.

　　Novo Nordisk is exploring whether its diet pills can help people reduce their drinking. It is reported that Novo Nordisk is planning to conduct a study, the main purpose of which is to measure the effect of experimental drugs on fibrosis in patients with liver disease, and the secondary goal is to observe whether experimental drugs can change the daily drinking amount of subjects. The mid-term trial is expected to start recruiting subjects this month.

　　Qiaoshui Q1 favors technology stocks most! Significantly increase the holdings of the seven US stock giants

　　Amazon is the largest newly-opened stock in Qiaoshui in the first quarter. The world’s largest hedge fund has more weight in holding technology stocks than any other sector, and its position weight in consumer stocks has dropped the most. The top two positions are still S&P ETF and emerging market ETF, but technology stocks quickly rank among the top six positions. After almost clearing positions last year, Apple was heavily increased, and Pinduoduo and Procter & Gamble were reduced for several consecutive quarters.

　　HHLR’s position in the first quarter: the first awkward position is still AMD in Pinduoduo Jiancang.

　　According to the latest 13F document disclosed by HHLR Advisors, a subsidiary of Gaochun, the concentration of the top ten awkwardness stocks in the first quarter was 84.57%, and Pinduoduo’s position increased by 16.62%, ranking first with a market value of 29.77%. Established 912,400 shares of AMD, making it the sixth largest heavyweight share with a market value of 3.58%, and reduced its holdings of Shell, Microsoft, Salesforce and DoorDash among the original ten positions, so DoorDash was squeezed out of the top ten. In addition, it reduced its holdings of Baidu, Alibaba and JD.COM.

　　New york copper futures are historically short-selling

　　New Zealand copper futures soared 5.5% in July, reaching $5.026/pound, just one step away from the all-time high of $5.0395 set in March 2022 in the early days of the Russian-Ukrainian conflict. Traders said that today’s New Zealand copper was forced to empty, causing copper cargo ships to be transshipped to the United States. It is expected that traders with long copper positions in July will make profits, or extend to further contracts in the future to take advantage of huge futures discounts.

There is a big turning point in the weather during the Qingming holiday. Rainfall cooling in the whole region+8 ~ 10 thunderstorms and strong winds+short-term heavy precipitation or hail!

Original weather in Xiaoxi Guangxi

It’s not innocence that beats me, it’s innocence!

These days, the rivers and valleys around western Guangxi

Every day with a high temperature of 35℃+

The netizen said: "People are going to dry up!"

Yesterday, Guilin’s Quanzhou and resources

Hail fell in some towns and villages.

The largest hail is about the size of an egg.

On the afternoon of April 2, hail weather appeared in some towns and villages in Guilin (Photo/Su Qinghong).

next

There is good news and bad news.

Which do you want to know first?

First, the bad news.

Tonight to the 5 th

Cold air and warm and humid air flow join hands to "do things"

There will be a big turning point in the weather in Guangxi during the Qingming holiday

The whole region started the mode of "rain drenching+local rain rushing"

In addition, it is expected that there will be one in the north of Guangxi from tonight to the 5 th.

Level 8 ~ 10, local level 11 ~ 12

Strong convective weather such as short-term thunderstorms, strong winds and hail.

From the evening of the 5th to the 6th, there were short-term thunderstorms and strong winds of magnitude 8 ~ 10 in Guidong.

It is estimated that the main heavy precipitation period of the process:

3 rd night to 5 th day

The heavy rainfall from tonight to tomorrow is mainly concentrated in northern and eastern Guangxi.

There is moderate rain, heavy rain, local heavy rain and heavy rain

From the evening of the 5 th to the 6 th, the heavy rainfall decreased to Guidong.

Nanning, the capital, will be crossed by cold air tomorrow night.

It will also usher in cooling, showers and local strong convective weather.

At present, it has entered a period of frequent strong convective weather.

Short-term thunderstorms, strong winds and frequent hail

The road to ancestor worship in Qingming is dangerous and difficult.

Pay attention to the weather forecast and early warning information.

Take precautions in advance

Guangxi Meteorological Bureau started today.

Level IV Emergency Response to Major Meteorological Disasters (Strong Convection)

Tips:

1. During Qingming Festival, tourism in scenic spots, outdoor activities and aerial work, attention should be paid to prevent the risk of collapse of trees, factory sheds, temporary structures and outdoor billboards caused by lightning and short-term strong winds.

2. Pay attention to the prevention of local heavy precipitation and its geological disasters such as urban and rural waterlogging, mountain torrents, mudslides and landslides.

3, agricultural production pay attention to prevent waterlogging. The risk of waterlogging in some low-lying farmland is high, and ditches should be dredged in time to reduce the adverse impact of waterlogging on agricultural production.

4. When it rains, the visibility is poor, and the road is slippery, so it is necessary to pay attention to traffic safety when traveling.

The good news is.

It’s cooling down!

Under the influence of cold air

On the 4th to 6th, the temperature in the whole region dropped significantly.

It is estimated that the temperature in northern and central Guangxi will drop by 8 ~ 10℃

4 ~ 6℃ in southern Guangxi

Tomorrow, the whole area will go offline at high temperature.

However, it is still sultry in western Guangxi and southern Guangxi.

The highest temperature is 29 ~ 34℃

The day after tomorrow, the highest temperature in most parts of the region fell below 30℃

Cool weather is finally here!

After cooling, the lowest temperature in most parts of the region begins with the word "1"

It’s cool in the morning and evening

Guangxi people wearing short sleeves pay attention today.

I will be ready to wear long sleeves from north to south in the next two days.

In addition to long sleeves in northeast Guangxi, you need to add another coat.

Weather forecast for the next three days

Guangxi Meteorological Observatory issued a forecast at 17: 00 on the 3rd:

Land weather forecast

From tonight to tomorrow, there will be heavy rain and local heavy rain in Guilin, Liuzhou and Hezhou, and in the east of Hechi, Laibin and the north of Wuzhou, and there will be small to moderate rain, local heavy rain and heavy rain in other areas of our region. There are short-term thunderstorms, strong winds, hail and other strong convective weather in northern and central Guangxi.

Meteorological grade of forest fire risk: Grade 3~4 in western and southern Guangxi, with high fire risk to high fire risk; Other areas are 1 ~ 2, with low fire risk to low fire risk.

Nanning: From tonight to tomorrow, it will be cloudy, with showers or thunderstorms in the local area. The southerly wind is level 2, with the lowest temperature of 24℃ and the highest temperature of 33℃.

During the day from the evening of the 4th to the 5th, there was moderate to heavy rain, local heavy rain to heavy rain in eastern Guangxi, and small to moderate rain and local heavy rain to heavy rain in western Guangxi. There are short-term thunderstorms, strong winds, hail and other strong convective weather in northern and central Guangxi.

During the day from the evening of the 5th to the 6th, there were strong convective weather such as moderate to moderate rain, local heavy rain or short-term thunderstorms and strong winds of magnitude 8-10 in eastern Guangxi, and light rain and local moderate to heavy rain in western Guangxi.

On the 4th to 6th day, due to the influence of cold air, the temperature in various places dropped: 10 ~ 12℃ in northern and central Guangxi, above 16℃ locally, and 6 ~ 8℃ in southern Guangxi.

Strong wind cancellation warning and marine weather forecast

Beibu Gulf Sea: It will be cloudy during the day from tonight to tomorrow, and the south will turn to the north wind with a gust of 6, so please pay attention to the ships at sea; From the evening of the 4 th to the day of the 5 th, it is cloudy with showers or thunderstorms, and the northerly wind is 4 ~ 5; During the day from the evening of the 5th to the 6th, it was cloudy to sunny, with northerly winds of 4 ~ 5. From Hepu to typhoon warning stations in Dongxing coastal areas, the hoisted strong wind signal No.1 typhoon ball will be lowered from now on.

7-day weather forecast for some cities in Guangxi

Editor | Yu Hairong

First instance | Xie Haiyun

Second instance | Yuan Lijun

Final review | Gao Yujie

END

Advertising cooperation, promotional films, feature films, teaching films, popular science animation films and conference celebrations are welcome. Please contact us at 0771- 5876285.

Original title: "There is a big turning point in the weather during the Qingming holiday. Rainfall cooling in the whole region+8 ~ 10 thunderstorms and strong winds+short-term heavy precipitation or hail! 》

Read the original text