In addition to the wrist lost child proof articles can also be done in feet

　　Lost startup step (Budiu) today released the children of lost shoes.

　　If you know 360 children bracelet, this product is easy to understand the principles of: plant a GPS sensor module in children's shoes, guardian by mobile phone APP can view in real time the child's location and behavior.

　　Figure, the sensor module is placed in the tongue ("big eyes" section), disassembly, replacement battery peak is 72 hours.

　　Forget about wearable, forget about intelligent hardware, return to the shoe itself, this shape worthy of a "cool shoes" should look like, right? Jin zhe is co-founder and designer Li Ning lost step's design Director, Olympic shoes on the feet of lindane is out of his hands. Small app pictured above sent to friends later, letters from friends are asking where can I buy many adults, someone asks, "is there a 44 yard."

　　Founder Jeff has more than 10 years experience in apparel industry, Foundry lost this step also has many years of cooperation between the factories for big brands such as Nike, UGG, Reebok. Jeff revealed to the small, shoes production period is 6 months, and now use the Internet the way sales front, cut off unnecessary intermediate links, can greatly shorten the production cycle-soon future, losing can be compressed to about one month production cycle. Carp cool performance Ola fingerprint smart lock

　　Even with years of tacit understanding, Jeff still would often fly to this generation of factory production line in Suzhou, take a look at the progress and production situation. Contact friends know and factory production of high frequency "base" how important is it? Many hardware entrepreneur of Internet origin planted in it.

　　Step will be lost in the public sale of the 18th of this month, the first batch of only 3000 pairs of shoes for a 1.0 release is not very satisfied with the--Jeff, 3000-just want to test on a small scale, the second improved version will soon be available.

　　Lost pricing how much money is not a pair of shoes, but a fee every year 365, including two pairs of shoes, along with one for standby sensor.

　　Positioning do not open around a world-class problem: indoor navigation. Indoor navigation accuracy vary depending on the facility, sometimes errors can be up to hundreds of meters. Jeff is not taboo the issue, but said he had been looking for a better solution, "at least not worse than indoor positioning of products on the market to do." Now step left is in charge he spent heavily dug from Google map Department.

　　Engaged in garment industry for many years, Jeff has owned two small scale clothing company launched "lost" this project, another shoe company is unwilling to do. Step left next want to cut and sports, health-related fields, such as in the soles wear sensors to track and correct walking posture.

　　But the bracelet, has a big BUG is lost: even more styles, children can't wear all day left shoe. That Jeff had taken into account, the next version of lost in how to integrate it into another brand or type of shoes make an issue. Small series of "how to Sandals, shoes and more shoes bound/implant tracking module on" problem, Jeff has just sold a Guan Zi says "can be solved, waiting for our 2.0 release."

　　In addition, Jeff revealed that the step has completed a large amount of lost a wheel, our employers and the amount is kept secret stage.

Fast track GAC Qi Dongfeng new brought mass production of modern concept MPV

Ministry of light modern new car information

   Exposure to modern led by the Ministry of information, new cars using the latest modern family before the face, will be using an 1.4T engine, will be available in the first quarter of next year, the price could be 120,000.

Dongfeng new SUV application exposure

   Dongfeng SX6 latest reporting exposure, ultimately this April 2016 Beijing auto show models will be announced. New car uses a larger grille, headlights and bumper style also changed. In addition, in the tail, tail lights integrated into the silver decoration of the new car, and below the tail also used a bilateral two-style exhaust modeling, on-board is supplied by Shenyang aerospace Mitsubishi Motors engine 1.6L engine called 4A92 Max 122 horsepower.

Qi concept to production

   Guangzhou auto show debut of Brooke lang Chi concept will go into production, positioning a MPV new car models, production may be named GAC Kei GM8, and chase the G10 and some joint-venture manufacturers MPV cars for competition.

Toyota's high-end SUVs production 

   Toyota's decision to stop production Wei SA model, because the car's sales performance did not meet expectations. Weisa positioned as a high-end SUV, the car was shared with the Highlander, and Camry platform. Because Toyota has not plans to launch replacement models, this means weisa may disappear from the Toyota's product line.

Zotye new EV exposure The 1 5T and 2 0T Honda will build a S2000

   Zotye released its electric zotye E200, officially unveiled the new car in 2015, Shanghai motor show, this release of the official figure shows us a new car for the first time the interior design, a new car in 2016, the year listed.

 

   Simple and modern interior design of zhongtai E200, center console with asymmetric design, and package using Bi-colour material. Three spoke steering wheel design, and equipped with multifunction keys. In addition, the new car's dashboard LCD design, looks very small.

Vinli the little things that can make your car smarter

　　From now on, will be regularly featured Kickstarter and indiegogo on some excellent, fun, hot, bothered all the preparatory projects, share with you to see if foreigners are wondering all day what a novelty, perhaps we will find the next Pebble and the Ouya, and Formlabs, and Oculus Rift ... ...

　　In this Internet age, all things will be "smart" cars are no exception. Many traditional manufacturers in the development of a smart car, a new generation of "local tyrants" showing off is not how fast your car can go, but how smart the car. But these newly released Smart cars have a common feature: expensive!

　　

　　Is there a product that can turn an ordinary car into a smart car, and I do not have young cock wire to sell kidneys? a device called the Vinli website is being raised on Indiegogo to raise, it may allow you to use more low price smart car of your dreams. Virtual reality helmets are very expensive Of

　　The product team in the audience raised on the page says, the device volume is very small, and extremely simple to use, all you have to do, just plug it in the car on the data port. In other words, the use of this equipment difficulty and we are using USB drive almost the same every day.

　　

 

　　In terms of features, most notable in the first place, is that it can become a WiFi hotspot in your car, so that all your devices can connect to the Internet at any time, such as cell phones, Tablet PCs and laptops. In terms of connectivity, Vinli support 4G LTE network and Bluetooth, just an ordinary 4G Sim Card, you can do it at any time connected. This function is particularly suitable for the purchase of a WiFi version of the iPad users, and those who need to work with a laptop on the road at any time man. The team said Vinli network uplink and downlink speeds of up to 30MB per second, allows you to easily complete Web browsing, online chat and even watching video content online.

　　In addition, Vinli is a car exclusive App Store, also has a store on its platform, there are a lot of very useful applications. These applications can make your car more intelligent, practical and more convenient. With these applications, some functions of previously available only in high-end cars, can be implemented in your car, for example, and integrate your smart home system.

　　Through a number of applications, Vinli to communicate with your home automation equipment. For example in your car when you leave the House, it will automatically help you lock the garage door; when you drove up, it automatically opens your home's lighting system.

　　

 

　　Moreover, Vinli can also act as your vehicle Manager, help you to check the health condition of the vehicle, when certain parts of vehicles when there is a problem, it reminds you to increase your driving safety. Better still, it can learn and analyze your driving habits, that your bad driving habits, thereby enhancing vehicle health factor, and even help you save fuel. You know, in this era of persistent high oil prices, fuel every cock wire drivers are most concerned about things.

　　Other than fuel, Vinli there are other useful functions, such as vehicle maintenance personnel near help you get in touch, ask them to come to you for inspection and maintenance of vehicles if your vehicle on the road suddenly PAWO, it will help you to contact the trailer or other roadside assistance service. Both tire and battery suddenly no electricity, it's who can help you find a solution.

　　

 

　　Traffic, safety is a topic that not open around forever. No matter how many years of driving experience, we all have traffic accidents may occur. In the time of the accident, the most important thing is safety. That costs millions of cars, one of the biggest advantages, is able to ensure the safety of drivers and passengers in the car.

　　If we can't afford these high-end cars, another aspect that we want to protect their own safety? Vinli came up with another solution. Since it is a smart device, the communications function is a certain indispensable. If a motorist rear-end car accident happens, it will activate the alarm function, realize the driver to set an emergency contact SMS text or language, and location when the accident happened. Even in the case of drivers in a coma, and emergency contacts can also be the first time the police.

　　The team also said that more applications will be supported in the future Vinli, this means that it will become more and more feature-rich. Currently this project is being raised on Indiegogo, raised the target for the amount of $ 75,000.

Robot manufacturer in China has exceeded 500 for the new faces

    

　　According to voice of the news vertical and horizontal reports, second World Conference Exhibition of robots and intelligent equipment industry, concluded yesterday in Foshan, including world robot "top four" Switzerland ABB and the Japan Branch, Japan Yaskawa and Germany more than 120 enterprises, card companies, displayed together with the world's most sophisticated robots and intelligent equipment.

　　The theme of the Conference "meeting the robot industry 2.0 era". So, at present, China's robotics industry development situation? compared with foreign giant robots and what are the gaps? robot Giants covet in a foreign country under the background of the Chinese market, foreign capital introduction how to avoid car mistakes?

　　Robot Sun is rising in the manufacturing sector in China. Reporters in World Conference on Robotics and intelligent manufacturing industry of Foshan in Guangdong Province was informed that robot manufacturer in China now exceeds 500, accounted for half of all global companies, most recently four years emerged in new enterprises. Guangdong Czech instant participating in this Conference and exhibition of the robot robotics, General Manager Li Yuanxing said, many new faces.

　　Li Yuanxing: 60--70% are new faces.

　　Outbreak of the robot boom in manufacturing due to market demand. China's industrial transition and upgrading and Enterprise recruitment difficulties and other reasons, many enterprises, especially small and medium enterprises have implemented "machine replacement plan" plan, Guangdong Province starting from 2014, three years to promote 2000 enterprises to implement "substitution of the machine", according to the company's purchase of robot for the Government, 10% to 20% of the subsidized enterprises. No doubt, these factors stimulated the growth of Android market, robot sales in China up to 56,000 units last year, with a global market share of 20%, and experts believe that the next few years, the robot market in China will rise at a rate of 50% per year, by 2020, the demand for robots and machine parts is a qianyiji currency market.

　　International robots and intelligent equipment industry association, Luo Jun: I expected in 2020, 5 years time, Android market demand in China reached total 220,000 units last year, this is a very large, could hit one-third close to one-second market in global scale.

　　In China, manufacturing enterprises began emerging of small and medium robots. SHUNDE science and Technology Ltd Jiang East said they were taking the lead in developing joint, reached the international level.

　　Ginger black: the patterns we now break the monopoly, we start from the material, starting from the technology, after a series of tests, and the manufacturer's trials, feedback, data, tracking, we can now put it in volume production. Production country and not more than 5, but we had the formation of large-scale production, we probably can produce up to 50,000 a year production standards.

　　Foshan Collet robot company project manager Liu da said, have now resolved the robot programming challenges, realized the reverse operation.

　　Liu da: we now this operation is let operation workers not need to contact instruction, we of robot has a of mode Xia is can reverse entered, is artificial drag with robot of end, there loaded with a put gun, drag with it on can freely to activities, computer it will constantly to records this when he drag to has what location, automatically anti-is out, robot to had of this program, automatically compiled out, switch to continuous run of mode Xia, so robot on according to just workers by do had of work, and Instructions issued on his own run.

　　Robot manufacturing industry in China has made rapid progress, highlights a lot, but people in the industry are worried: on the one hand is the robotics industry is generally low in China, most remain in imitation and assembling phases, there are not many independent research and development ability of enterprise and competitiveness is not strong. At present, the international robotics industry there are four well-known enterprises, they are Sweden's ABB and the Germany's KUKA, and Japan's Fanuc and Yaskawa, these four companies called international robotics industry "top four". Represented by four families of foreign companies took 80% of the robot market share in China, China 500 enterprises account for only 20% shares, and high-end Android market is basically dominated by four families. The other hand, the systemic lack of talents of China's robot industry, design and production shortage, has said, is the ability to find skilled workers who use robots, and all these factors is the bottleneck restricting the development of China's robot industry.

　　Guangdong robots General Manager Li Yuanxing Czech transient: my day in this place, prospective clients have 10 customers, I passed the two-day event, my phone already plans on factory hiring, at least 20 people.

　　At present, ABB, "four families" have set up factories in China, robot manufacturing to China under a lot of pressure. Foshan Rai robot project manager Liu da believes that as more core parts were acquired abroad, domestic manufacturers assembling costs, and thus no advantage.

　　Liu da: about 1:4 General models of four families will now be sold to industry will be around 13.15 million, and that in fact this cost in the Mainland as a subject into the Middle, then the cost price. Casual think of where to where

　　Robot Giants covet in a foreign country under the background of the Chinese market, foreign capital introduction how to avoid car mistakes? experts suggest that China's robot industry should take advantage of China's huge market, direct and top research institutions, providing top class technology and first-class market, so as to immediately improve the technical level of China's robotics industry. International robots and intelligent equipment industry association, Luo Jun:

　　Luo Jun: such as Carnegie Mellon University robot Research Institute, Germany, Wells University Robotics Institute, Technical University of Munich, artificial intelligence Research Institute, Cambridge University's artificial intelligence laboratory, the world's top scientific and technological research institutions want to cooperate with us.

　　At present, China's robot industry is flourishing, and highlight exciting, extremely well. However, throughout the development of Robotics industries in the world, due to the low starting point, our poor and international robotics industry compared to the four families, the gap is not small, it is difficult. It can be said that China's robotics industry development in a three-prong outlet, it is the way of the auto industry on the one hand, there is one direction is the way the rail industry.

　　Automotive industry is a kind of way? is the "market for tax" route. Introduce international auto giant factories all over the country that year, in order to increase tax revenues and employment, economic development, there are few international auto giants present an updated core technology transfer provisions. Today, China has become the world's largest automobile producer and consumer, but international competence of Chinese cars, car technology because we do not have international competitiveness. Some people call the Chinese auto industry is "two out": technology, profits out.

　　China's high-speed rail, is the "market for technology" route. Hand holding a huge market, and then negotiate conditions with international giants: who gave technical and who play not to technology, and no more. Then, we make the world's most competitive high speed rail industry.

　　Market the biggest bargaining chip for negotiations, understand this truth, we can seize the initiative in the negotiations in order to achieve the effect of the market for technology. Of course, this also requires government departments to establish a unified coordination mechanism, otherwise, swarmed all over each other down, and finally will be carried away by international giants, lost talks initiative.

First break through the US 1 million raise China these patterns of millet startups

　　Millet was not alone in making cheap Android phone company. There is a manufacturing company of Android devices is also located in Beijing, founded by three former Google employees, and rely on two successful Kickstarter to raise, the development has more than 100 employees. The company is Jide.

　　David Ko, one of the founders of the company will be Android as a platform can rule all. In his view, the next generation of Android is not a company, but to rely on the community as a whole. Ant gold suit Chen Dawei financial services security

　　Ko company developed its own version of Android Remix cause of OS, this version of the power of collective development. Company each and every user is considered to be employees for their contribution to the development of the Android part. Jide now has two products, Remix and Remix Ultratablet Mini PC computer tablet. Ko said he hopes users will tell them what they want.

　　Cheap

　　In recent months, users to Remix a universal OS requirements is a document management application, it is best to just like in OS x and Windows, makes a more powerful. Company has added a file manager for the system, which will launch in October with Remix OS 21, Mini version of company equipment will be shipped to Kickstarter supporters early.

　　Additional functionality is important because Ko they want their two devices instead of thousands of dollars in a notebook or PC, as cheap and effective choice. Remix Mini rock-bottom price of only $ 30, with only a mouse as big, of course, use it when you have to bring your own display and keyboard.

　　Ko believes that if just to check e-mail and surf the Web, do not need hundreds of thousands of dollars in computer. There are a lot of people are talking about mobile first, but they prefer to use the keyboard and mouse work. We still need a computer at work, this is not in line with the trend. Therefore, Jide you want the computers at work the advantages of combining entertainment and mobile devices, and lower prices than usual.

　　Even though PC industry downturn, but the idea makes sense. People don't mind every two or three years for a thinner phone, but computers are not so positive, will probably wait until it was not working before they update. But our daily lives can not be separated from the computer, then why not get them cheap?

　　Microsoft Windows 10 has become more and more clever, the downsizing of the system, so it can run stable in notebooks, mixed, or even $ 100 device only. But Ko believes that Android and it's a greater chance of winning.

　　Second preparatory

　　Jide already have their own Android version, and a growing community, arguably it is likely to be the next step, like millet, a mobile phone. Millet in MIUI is developed a year later in 2011, started mobile phone. However, Ko said, still want to wait and see, want to focus first on the operating system.

　　While cell phones are not planned, but Jide began to think about creating your own network for the system service.

　　Another focus of the company is now launching his second device. Mini has raised $ 1.4 million, while the target only US $ 50,000, and the book a delivery date is in October, and Remix as OS 2 upgrade time. Jide competitive success, is also the first time that a Chinese start-up companies exceeded 1 million US dollar capital-raising amount.

　　Remix Ultratablet performance is good, it acquired earlier this year raised $ 210,377 goal is $ 100,000.

IDG loujun born to die as well as venture investment

　　I'm IDG is said to be the second investor

　　First thing to say, but I really did not expect, I will do today's Internet industry investment.

　　I majored in computer engineering, study of programming, have a shadow on the Internet because most of my students become the man, and that I don't particularly like, feel very boring, and don't see where there is meant. Did not think himself fell in love with the Internet now.

　　In 2005, I graduated back into PricewaterhouseCoopers Consulting investment consulting, had just entered, no one take me on a project, everybody seems to think I am a drag, do not understand anything. So I started learning from 0 to 1 in finance, from 5:30 A.M. to 11:30 rain or shine every day, never rest a holiday at that time. Half a year later, began a colleague take me on a project, when I was suddenly able to read these reports when, aware of your feelings and be able to understand what is the story behind this report.

　　For two years after the investment advisory, I encountered a puzzle: my report has stated that companies have a lot of risk, but investors still vote; there's little risk of enterprises, investors did not vote. Every time I ask partners: "why did they not vote? what I write useful?" I would like to understand why investors would vote or not vote. So, I started to want to be an investor.

　　In 2011, I appointed Ali capital, it is Alibaba's specialized departments responsible for financial investment.

　　Ali, I immediately fell in love with the financial investments also fell in love with the Internet – I really like are the values behind the Internet. I would try to learn, Ali about his death and later led the "fastest" and a series of project investments.

　　Later, the Group decided to make strategic investments and financial investments sector consolidation, but I only like to do financial investments. In my opinion, actually financial investment is the investment of party, when I was in a small business investment for enterprise services, accompany business growth, and corporate contributions and value to society, in the process, partly because of my eye, this is a sense of happiness and fulfillment. Strategic investment is party a's State of mind, I vote for you, you have to do for my services, my business missing anything you give me.

　　A year ago, I left the company, after some consideration, chose IDG capital, Vice President, head of the business group, Hangzhou Office, currently the hottest mobile Internet, O2O, mobile websites are my daily meditation.

　　In the year of IDG, I was both investors and entrepreneurs. IDG partners comprehensive evaluation I said, "loujun is the most I've ever seen two investors who finds a pair of oxen pulling back. "

　　View of methodology and pattern "knock Halo"

　　When I first joined IDG, I feel like I was "with aura", but had to face is a merciless blow. I participated for the first time within the week after the meeting, really feel quite superficial, understanding of the project really only at the surface. My colleagues also found that IDG is cleverer than me hard. No exaggeration to say, aura of superiority and when I came in, a month is completely gone. Because of this, my workload is three or four times times the original Ali, Ali, when almost 200 projects a year, but in the IDG, 800 projects a year. Also, to be able to think more deeply, more highly.

　　IDG is a research-oriented VC, not interested in chasing hot spots, but hopefully through all kinds of thinking, finding hot spots in advance. It led me from past major projects by intuition, learn to set up their own investment system and theory of logic, realize their own methodology. I began to understand the pattern view and diligent in this matter. We have to analyze the situation in the IDG, always stressed the need to look at the patterns, the evolution of the market. I and colleagues sometimes will with "big pattern" of vision discussion various variety of problem, like "why media need has a newspaper, later why will has since media appeared does? and why everyone are is like do since media does? why now many since media began cut flow, but zhihou next will how evolution? since media of bottleneck in where? why since media forever small and beauty, why into can't platform? but zhihou and will has platform? collection long will points, and points long will collection is what mean? These are many of the underlying causes. We will do a lot of this kind of thinking, and encourage everyone to have their own independent thinking and insights.

　　"Partnerships like master to learn martial arts, and lakes, on the road"

　　At IDG, in fact, I took six months of time to fit. In this process in the, also often will has defeated sense, sometimes inevitably to find partner chat, and complained, each partner of feedback different, also is interesting, like, comprehensive General will with I share he had do had of SB of things, said truth also is can let people back confidence; had to macro will nail on the pointed out that problem; Li Xiaojun is love told cold jokes, like special thin of he had told had such a thing: "not like you now, I young of when most worry about of is I not riding tricycle, I MOM old said, You can't ride a tricycle, later married to help the family of coal you do. So let it be "... ...

　　It should be said, is different from the other was born in the United States, and later entered China's brand of VC,IDG capital was from the very beginning, born in China and the development so far, IDG capital was born, in the early 90 's, social investment had no idea at that time, developed into today's scale, it should be said was not easy.

　　This setting also determines the specific corporate culture, I feel that IDG's corporate culture is essentially an "altruistic" values, that are willing to share, partnership, mutual respect and support each other. Of course, this does not mean that works by harmony of IDG. See how items in our internal vote will understand, that really is to lead projects of colleagues do adequate research, full commitment, to shezhanqunru the course of discussion, any project will have different voices, in the face of everyone's question to give a reasonable explanation. IDG 20 years none of the projects was unanimous.

　　If you want to ask me why IDG can bring up so many people, I have to say is his partner in culture. Partner is, in essence, mutual respect, mutual trust and shared with each other. Everyone should believe that you said is the truth, rather than hualiyouhua. Partner of IDG stressed that culture, it's not one Fund, a project needs to have enough votes to pass. Anyone who wants to push a project, if not push in the past, we all respect the rules of the game.

　　Why do I need a partner? because everyone has their own strengths and weaknesses and point of view of watching the same thing differently. If several trusted people from the different dimensions of the same thing, and see more clearly. A person's strength is always limited.

　　I had explored for partners and comprehensive understanding. Well said, "to reach some understanding among the partners, I know your character, so I know what you said which is light, which is heavy. If you are a very optimistic person, if you're a project evaluation is, may I should be understood to only six points. If you are a careful person, you say the project will cast, it can cast, if you are a very optimistic person, you said that this project is not necessarily shots, partners must meet the tacit understanding it. "

　　In my opinion, benefits of partnership are obvious, and I can learn a lot from other people. Sometimes I feel within the IDG is like martial arts master to learn martial arts, and the road, and everyone has a different view. Well experienced, for example, there are many "hole" to share with you; macro is George Soros of quantum Fund, extremely intelligent, he sees the world is 1+1=2; he particularly optimistic, when we have a sense of uncertainty is particularly good at giving people confidence in Zhang Suyang and look at the details very sharp ... ... Working with this partner team, every shock.

　　Investors alone, more alone

　　Hangzhou Office, IDG has finally officially launched in May 2015, I realized "rooted in Hangzhou Merchant" this ideal, which is the top VCs bodies set up its first Office in Hangzhou.

　　To build Hangzhou Office, from the intuitive, I think the city's business climate ranked second, second only to Beijing. Both sizes, and financing. The Department and the Department of Zhejiang University in Hangzhou, the resources are very important to us.

　　And the provision of Office process summary, I find, understand and do it are two different things entirely, and in the process of preparation for the IDG offices in Hangzhou, from scratch, in a very short period of time we work together, work location, decoration, or only a very low budget, very difficult and very grateful. I felt for the first time that year Hugo Shong, comprehensive pioneering venture into China is not easy.

　　With this kind of experience, entrepreneurs are better able to understand--when I saw a man holding the idea ran to when it comes to financing, I began to see his inner loneliness and struggle. Entrepreneurs are very lonely, suffering, pain, a team is like walking in the dark forest, walked in front of the front but in fact is not sure, the founder of the direction is correct, but as a Leader, he has to go back with the team said, "dude, we are sure to succeed. "

　　Therefore say that entrepreneurship is really is not easy, such as riding, impulses, if such a case if you can show good nature, it really is gold, and admirable.

　　And investors too is alone, investors will want to throw a great project. Often, a great project in early when making investment decisions is Kinky, because there is no reference in the market, you don't know what this user would like you cannot even describe what he's doing, like the carriage era say a car is what, because the word age will not have a car.

　　I am beginning to understand why Facebook valued at 700 million that wheel, invested in process stores, even turning tables. Because policymakers have only two factions, a no vote, who bets, no middle, and both sides have said is right. Because the results of such a project is either great or even the residue is left, which results in much larger probability, one glance is all risk.

　　I now also beginning to be felt, who voted for the great company's early investors, investment process, are under enormous pressure to accompany entrepreneurs coming, and along the way is accompanied by a variety of questions, doubt, ridicule, being called dumb, even also appears to have self doubt. This feeling of suffering in the process there has been a few years or even more than 10 years.

　　What sustains them is stick it in the process? I can say I know, but at least so some must exist:

　　1, they do not know what projects can become, can be remade. If there is a successful investor telling you he had already thought of a few of the cast, which is basically deceptive in hindsight, because at that time entrepreneurs don't know how much in the future, how will investors know?

　　2, they will believe, this project will be somethingbig, and believe like faith is so strong, in order to believe, brothers willing to look of the entrepreneur, to accept and take the consequences, failure, no regrets.

　　3, in their suffering and increasingly lonely will grow quickly, thinking more and more depth.

　　See impetuous society everywhere are selling dreams, selling sentiment, few people really well prepared to face, meet, or even enjoy the suffering and loneliness, to find a heart that truly believe.

　　Sometimes I would drink wine and accompanied one sentiment made by the venture brothers, sometimes I think it may really be "two". But I think this is also a pressure relief channel for entrepreneurs, because many entrepreneurs can't team back home a lot of words and I can't share with family, when they need it most, I was able to talk with him, in fact, is the best partnership, the best communication.

　　If you asked I also insisted did? I wants to I also is will answered: even in road fell has, also than not in road of feel good too more, because such not because had gave up has heart of that copies believe and was regret! and, lucky of is, this article road, I is and I look has of colleagues, I look has entrepreneurs brothers in with!

　　Is the author of the Chinese entrepreneurs, before Bloomberg BusinessWeek Technology Editor

　　Note: this article was reprinted from other media, and aims to deliver more information does not mean that AVIC I love guest shares his views and is responsible for its authenticity. Lu Jin love money loans for all P2P networks and

Around cats love fantastic art advertising on television was sentenced to infringement

　　Netizens love fantastic art site known, mainly through the set before advertising in video content to charge for advertising, or to users with paid membership service, members can watch commercial-free video content, in order to maintain normal operations. Which is currently the major domestic video websites often use business models.

　　However, a venture of small and micro enterprises in Shanghai, has developed a name "cat MoreTV TV" software was aiqi art by non-members can also see advertisements directly to see video of love the fantastic art website. For Internet users, this is "good news" aiqi art may be, it is disastrous.

　　Whether it is unfair competition? " Memorable TV "software operators should bear civil liability for what? this morning, the Shanghai Pudong new area people's Court of first instance decision on the present case, this is Shanghai's first case decision to bypass the video Web site advertising.

　　"TV cat" around love fantastic art advertising

　　Mobile phone, smart TV ... ... Is the main channel for watching Internet video programs. As the industry leader, aiqi Arts has put a lot of effort. But they found a TV APP quietly disintegrating their business models.

　　This APP is the "cat MoreTV TV" by Qian Shan, Shanghai company pleasant view of company management. Its advertising slogan: "cat TV is Internet video aggregation platform, using search engines, for smart TV provide users with comprehensive, timely and stable video guide service, to search the Internet for huge amounts of video in real time. "Obviously, this software provides video search service, but it offers to bypass the video Web site advertising services aiqi art rage and hate.

　　On May 5, 2014, as well as of March 23, 2015, March 24, April 24, aiqi Arts company 4 times in under the supervision of notaries, respectively, in smart TVs, set-top boxes, installed on Android smart phone "television cats" software, online search aiqi art copyrighted series of films and plays, each time you play the video page shows "aiqi art", but no ads before.

　　Aiqi Arts believes that thousands of Cedar company has the pleasant view of the company's actions constitute unfair competition, requested the Court ordered the defendants to cease the infringement immediately, jointly and severally liable for economic loss and reasonable costs of 1.0625 million Yuan, and the duo official website Home published statement at the top and remove.

　　Both expert-assisted people to appear in court against

　　Not advertising directly watch the video feature, how the hell do?

　　The defendant says that, it's very simple. Because "the TV cats" took advantage "crawler" technology, software in the play link, done automatically by the Android system comes with the player, aiqi Arts advertising files and video files are separate, so the player can only play positive, not advertising. "TV cat" has not taken any measure to bypass ads.

　　Aiqi art said it was impossible. Video feature to the Web site of the company play the encrypted address verification, as a third party player, "TV cat" directly from aiqi art video feature films broadcast addresses, must break the validation algorithm effective key to obtain aiqi art video feature films broadcast address.

　　Who has a point? arcane network of technical terms, according to the new civil procedural law in force, the full Court did two things, one is the original, defendant applied for, allow each represented by one expert-assisted court litigation, second, invited the Director of the key laboratory of the Ministry of public security information network safety Golden wave to serve as jurors.

　　Next, at the pre-trial conference and trial, "the TV cats" link play aiqi art video technology used by, the plaintiff's expert-assisted field four modernizations and the defendant's expert-assisted McKay present their opinions, and the presentation. Full Court also asked the two expert-assisted.

　　However, during the demonstration in the defendant's expert-assisted, in accordance with its stated methods and failing to obtain aiqi Arts Web site feature video playback address. Plaintiff's expert pointed out that demo failed because it tried to cover up the truth. Aiqi arts all ports have to protect themselves, not cracking technology, it is impossible to access. Expert Assistant confirmed the statement of the accused, but in his view, the crack aiqi art port technical difficulty is very low. Jack Ma MA and Li and Lei Why China s Internet

　　Bypass the ads constitute unfair competition

　　Plaintiff in the trial, both defendants of unfair competition is divided into two areas, one is the "TV cat" links play video from aiqi arts website, two links bypassed aiqi during playback or art website advertising with them before.

　　For the first Act, plaintiff believes that the users no longer have access to the plaintiff's official website, led directly to site visits, advertising exposure rate, decreased visibility in the Internet, constituted unfair competition.

　　After the Court believes that the essence of the Internet lies in the interconnection of information, which also lies in the interconnection. "The TV cats" link aiqi Arts Web site video, if the full link to display all content, essentially aiqi arts and all content available to Internet users, would not prejudice its legitimate interests, so this behavior does not constitute unfair competition.

　　As for the second, although the defendant, expert-assisted people think aiqi Arts page key cracking technical difficulty is low, but the Court found that the difficulty of even lower, and proactive technical means required to achieve the objective. Two defendants without the plaintiff's permission, take technical measures to enable "TV cat" when playing videos from the aiqi arts website to bypass the plaintiff before the piece advertisement platform, direct positive film. That wanted to watch the plaintiff was directly competing for Web video, also want to skip the front advertisement and not willing to pay the membership fee of the consumer, original, defendant has been formed in a competitive relationship, the defendant's acts of unfair competition. Two defendants jointly operate the software, shall bear joint and several liability.

　　Judgment of the Court, both defendants on the official website of the unfair competition in Home 72 consecutive hours published a statement at the top, remove two defendants compensate the plaintiff 100,000 yuan of economic loss, lawyer fees of 50,000 yuan because of two defendants in the case have taken the initiative to stop the infringing, the Court rejected aiqi arts and the rest of the claims.

Times looking for opportunity is the key to business success

　　A few days ago, Huang Taiji founder hechang appearance on a show business talk show to share his story. He was in just three years time, made a not-so-exotic grass-roots food-fruit pancakes in Beijing CBD as a "food". In those years COO of Ali how to change China

　　Hechang debut he told entrepreneurs poured three large pot of cold water. He warned entrepreneurs, entrepreneurship has risks market, you should be cautious. He thinks interest in entrepreneurship and in fact matters little. No team, no, didn't see the times, passion to go into business alone, and prone to failure. In his view, entrepreneurship is like playing texas hold ' em, in the limited resources make a certain maximum value.

　　Huang Taiji for the start-up phase, business direction, and teams are not particularly cattle. "But in the course of development, we continue to get the same color into a straight cards. In Texas Holdem, the highest card is flush, make good cards in the final hand. "

　　Hechang believes that start-up period relying solely on recruiting genius is not the right thing to determine business strategies is essential. In those early days, 0 to 1 phase must be implemented through its own team. When teams get big enterprises to enter 1 to 100 of the time, reflected the diversity of talent.

　　"I can't say that Huang Taiji is a very successful company today, I can't say that I'm a successful entrepreneur, my inner confusion should not be less than many entrepreneurs. "But the hechang made it clear that," selecting times and timing is the key to success, and the rest is luck. Like playing cards, can you play the best value card, lies in the hands of time. "

Equity raise a without a licence management is still bashing back

　　"Equity raise" becomes the focus of recent media attention, one of the ten ministries for the promotion of joint central bank financial health guidance in the development of the Internet in the former, after SFC scrutiny, some media reported equity raise "Jingdong, ping and Ali" shelling outside death ... ... Suddenly, the industry, the public is scratching their heads. I ask, if even the SFC's "kiss the son"-"CSI raised platform" overnight was renamed "CSI" in the world anyone could say "equity raise" pilot did what? g strong Prime Ministers in the Executive meeting of the State Council's "equity raise" the pilot how to advance in the world?

　　Only the originals to us journalists hard trouble finding relevant people informed of the SFC, received a clear message there are two points: first, the basic version of all the raised management, standards and expectations vary greatly; second, only three or four got equity raising false rumors of a licence. By raising business management yet, so definitely not on licensing issues, are less likely to have received a licence in advance. Although rumors for a reason, but it is misleading. Before the CSRC regulations, everything is still unknown. Zhang quanling described why CCTV into purple

　　"Public" and "private" is there a road

　　Due to not get more support from official channels, journalists can only bypass verification. Most of the leading experts in the industry "partnership," Jia Kang, Chief Economist, well-known financial experts earlier said equity raising as a new thing, needs to reform intelligence treats, from a development perspective. First of all to try and break the development of flexible space, and to standardize the ban risk. Belong to the new supply Research Institute of the people's Bank of China, Director of the Institute of finance Yao Yudong you very bullish on equity raising in the future. In public occasions that ownership belongs to the extension of Chinese multi-level capital market raised, position equivalent to five or five plates, developed 10 million small startups, China will in the future.

　　According to the understanding, Yao transferred by the Central Bank's monetary policy Division financial Institute soon, one of its main tasks is the Internet financial regulatory research, recently issued by the Central Bank contributed much in the Internet financial guidance. Friends familiar with Yao, Director of the industry told reporters, in Yao's view, amending the securities law equity raise is vital to innovation. And his participation in the guidance is to leave room for amending the securities law.

　　Some Internet law experts pointed out to reporters, shortly before the notification of the SFC to be consistent with the current securities law. Because, according to the existing legal framework, only "private" and "public". Current and with the guidance of the Securities Act, "public" or is "public". But Yao Yudong, Director of vision, if amending the securities law by the end of the raised platform "open" release granted the exemption, conditions vary considerably, when "private small public offerings" will also be "open", it will be a historic innovation and breakthroughs.

　　Familiar Yao of one industry people revealed, Yao proposed so-called "big private" is consider to "private" threshold too high, "public raised" threshold too low, and risk high; therefore in qualified investors system of based Shang proposed "big private" encourages financial innovation, also completely meet Jia Kang, by said of "reform wisdom", solution of is mass venture peoples innovation "first a km" of problem.

　　Big debate

　　Compared with the people's Bank of "vision", the SFC's attitude was more direct. Another expert of the partnership platform, Chinese law school Yang Dong, Deputy Director in the interview made it clear that: "recently, the authorities will deal with the Internet in private equity finance operations related to management, then equity raising business related to management practices. Two separate operations management. Policy after the landing, then by the platform for the equity raising business licence application. Among them, the stock raising business considerations for risk control, set the maximum amount of individual project financing for 3 million Yuan. "

　　Simple survey found members to vote, and vote in State, East private equity all the channels in a single line of project financing financing raised tens of millions of 20 million or 30 million, there are also individual projects of up to 3 million lines clearly can't satisfy the appetite of the industry. In this regard, industry bosses, who asked not to be named told reporters, a bit lower limit is not a problem, it is entirely possible through micro-financing several times in the individual quota threshold is the key. When asked by reporters when this threshold is how many, will be significantly lower than the current standard only after each other just hung up the phone.

　　Reporters asked several people in the industry, are considered at least 100,000, that 20,000, more known as the upper limit is 2000, which version is closer to the Commission's management approach is unclear. However, if calculated according to the individual project ceiling of 3 million, based on 2000 Yuan as individual investment limits, one project required 1500 people to vote. From the perspective of reporter, now even veteran raised platforms registered actual people or thousands of people, single investment limit is clearly more affected raise the practical operation of the project.

　　"All raised business management approach yet released, the approach will how defined all raised also exists many variables," partnership circle Chief Internet financial counsel, and central financial University method College Professor Huang Zhen on this is expression has carefully of views, "some has is giant no PA of enterprise, also in online for so-called of equity financing and so on, these may will led to equity all raised meaning too broad of exists. "Prior to that, he said publicly before," currently there are two line cannot touch chips, one can not become illegal securities activities, the second is not beyond illegal fund-raising baseline of criminal law ". Correspondingly, on August 20, the industry known as "equity raise" first case "everyone voted" interoperability with Connaught meter case Court of Haidian District in Beijing. Platform against financiers to provide false information, affecting investors interest financing, "everyone voted" questioned the legality of the platform.

　　Measures for the administration of the fastest introduced in September

　　Equity raised roads is unclear, confusing regulation details, exposure in industry-related matters. Reporters consulted a number of peers in the media, they are all very concerned about equity raised the topic, and look forward to related regulation issued, especially ways to put specific time.

　　For a related regulation issued by the SFC, said the SFC only said "soon". Reporters take a comb and found, raised platform by the SFC for securities issued around the statistical questionnaire has been through, and recover next week, raised platform by the hundreds of statistics, total, can only be discussed after determining the relevant standard, time takes about one to two weeks at least, so in mid-September when speed is the fastest. If we follow the Central Bank's financial director Yao's opinion, for the revision of the securities law equity raise to find "third way", the time will be longer. In April this year, completed the revision of the securities law trial, currently in its second phase. According to new arrangements, the second earliest trial no earlier than September.

Startup stock options under the domestic law of seven concise practical advice

　　Entrepreneurs usually use two ways to determine the company's ownership structure, one is assigned in accordance with shareholders ' capital contribution, and the other is evenly distributed between the shareholders. Contribution which easily triggered shareholder and shareholding ratio does not match the problem, which will weaken the grip of core-founder of the company, affecting the company's decision-making efficiency. Although many entrepreneurs has realized that equity distribution of importance, also intends to reference abroad developed venture system Xia of equity schema thought, helpless some idea does not for business registration organ by accept, and venture of early Affairs miscellaneous, entrepreneurs in limited of energy Xia, inevitably has for expediency meter hasty sub-unit and hopes follow-up solution of practices, for company future development buried Xia hidden, this has was multiple venture company failed lessons by proof, this not repeat. This paper will proceed from our existing legal provisions, on startup stock options programme design and landing seven concise legal practical recommendations are given.

　　A, three principles of equity distribution

　　Entrepreneurship is like rowing upstream, only peers who targeted, consistent, fair and encourage coexistence must be long-term and stable relations. Equity distribution is such an implementation to "person" in the process, it aims not only to pass the "warn you in the front" to establish rules, but also clear gene and values, to achieve consensus among the shareholders of the company.

　　Given venture company early shareholders and management layer usually is overlap of, temporarily without consider shareholders and management layer Zhijian of game, author think established equity distribution Shi need consider three a factors, respectively is: shareholders Yu resources level of contribution, and shareholders Yu company governance level of put control and company future of financing hematopoietic space, certainly above three a factors still has decomposition of space, like resources on can by funded, and input time refinement, funded and can according to is currency, and real, and intellectual property, on company of value further refinement.

　　Second, choose the paid-up registered capital subscribed registered capital is better than

　　Although March 1, 2014 purposes of new company law used recognize paid registered capital business, that unless legal, and administrative regulations and State decided another has provides outside, company of registered capital without experience funding program, by all shareholders commitment recognize paid can, recognize paid term by shareholders itself agreed, but, this not means with shareholders can "only recognize not paid", also not said registered capital more high more good.

　　Recognize paid business Xia shareholders of funded obligations just suspended paid, shareholders still to to recognize paid of funded amount limited for company of debt bear responsibility, if shareholders to displayed company strength, unrealistic of recognize paid high registered capital, so will faced multiple legal risk, for example Dang creditors to company Cable claims Shi, shareholders of settlement responsibility also with of aggravated, and as company dissolved Shi, shareholders yet paid of funded will as liquidation property, addition also need consider tax risk.

　　The author believes that startups should rationally determine the registered capital, select paid and verification so that "company" in this form can give full play to its enterprise risks isolation.

　　Three, the equity allocation scheme to eventually fall in industrial and commercial registration.

　　Contribution is the basis for allocating the necessary equity, is not the sole basis for entrepreneurs programme of final accounting of stock options are often not consistent with the investment proportion, some entrepreneur will adopt a protocol of yin and Yang approach, on the one hand signed investment agreements fixing the real stakes, on the other hand according to the proportion of completed registration.

　　However, these laws can be risky, once involved in a lawsuit, shareholder rights difficult to obtain protection not only entrepreneurs, will consume a large amount of time, resulting in missed growth opportunities of the company. I believe that in this case, may consider adopting stock premium solution: first of all, entrepreneurs investment agreements signed before, clearly every entrepreneur's actual investment and equity ratio; then confirmed by entrepreneurs in accordance with the equity ratio and conversion of the amount of industrial and commercial registration, part of shareholders beyond the registration amount included in the capital reserve.

　　Four founders, to corporate governance to safeguard the core control

　　In accordance with the provisions of the company law:

　　1 when, in the absence of a special agreement, shareholders will generally require shareholder resolutions through half of the votes held by shareholders will make a special resolution to amend the company's articles of resolution, increase or reduction of the registered capital, merger, Division, dissolution of the company or change of corporate form, required through two-thirds of the votes held by shareholders;

　　2, the proportion of voting rights and equity-linked, "but, except as otherwise provided in the articles of the company. "(Hereinafter" the proviso ")

　　The actual situation, start-up companies often have more than one founder, together with popular equity raising, founder of core holdings is likely to fall short of absolute (IE holding interval equal to or greater than 51%--67% of the registered capital of the company). This situation in order to ensure control of the core founders, you need to make full use of the "book" will be voting and shareholding, and implement it in the form of the articles.

　　Five held with founder, options pools, it is the core of good

　　For startups, reserved option pool is not a new topic. Rich is a reality that startups target rather than startups, growth is the core driver of startups, and options are what startups can motivate the most important tool. Many entrepreneurs do not pay attention to option pools of questions, either sent out early on the premise of the option has not yet been established, has provoked some controversy, or causing unnecessary dilution of the core shareholders.

　　In my opinion, in view of:

　　1, options, essentially from the existing shareholders ' stake, but held by the shareholders in proportion to disperse, difficult to work together in the future, easily lead to disputes and implementation of efficiency; Policy interpretation traditional logistics business

　　2, under the system of limited liability company option is quite flexible and realistic choice of positioning and programmes to be adopted depends on the company, should be established company option after implementation;

　　Option pool should make early arrangements when assignments are proposed, it separated from the shareholders, held together by core founder, other shareholders can be held with clear rights limit the nature and disposition of the agreement.

　　Six share buy-back provisions, making good use of limited liability companies

　　For startups, like-minded shareholders is particularly important, equity allocation therefore needs to consider two dimensions, and reverse. One that is working to protect entrepreneurs with the ship of this effort when equity and incentive problems, also consider the reverse in some special cases such as entrepreneurs left exit, situations such as divorce, inheritance, ownership of the recovery.

　　Repo system is balance shareholders exit and company interests of important system way, but company law on limited responsibility company of shares repo is has restrictive provides of (despite this provides in practice in the is has dispute of), so in design repo terms Shi, should note several problem, a is repo terms best by company specified of other shareholders implementation, and should note repo pricing of fair sex; II is repo terms of applies range can covers company equity distribution of reverse by needed; three is should will repo terms and equity transfer system integrated consider , Mix design.

　　Company law of seven, the innovative use of the system

　　Law of autonomous space is quite broad, and entrepreneurs to make full use of the shareholder's Statute of autonomy, establish their equity allocation and dynamic adjustment programmes.

　　For example, some shareholders are willing to "pay a lot of money, the small unit", then such shareholder may use agreements and articles of Association will be decoupled dividend rights, pre-emption rights, the right to vote, designed to meet the needs and strengths of each shareholder ownership structure again can draw on capital instruments, the use of convertible preferred stock, liquidation preferences, such as the equity distribution design.

　　To sum up, in my opinion, startup stock options in nature is not complicated, but entrepreneurs should give considerable weight to. If we can spend a little time in the early problems straightened out, is to have a multiplier effect to help the positive development of the company.

Luffy possessed the Japanese miracle invention the self timer

If you're not enthusiastic self buffs, using the self timer may need some courage, because in public, take it out and use the easy men's eyes. In order to overcome the fear of using the self timer, Japan inventor Mansooon recently made a less spectacular self portrait--at least he thinks so. Counter the breakthrough iPhone mobile phone with

Mansooon homemade self portrait by two from Amazon buy a prosthetic hand, two self-portraits, phone shelf and sleeve combination of a long coat. Due to the two hands of the same length, so it looks more "normal".

Self portrait after rod, Mansooon went on to one of Tokyo's most famous tourist attractions in Asakusa, and to try their invention can really keep a low profile. Results obvious, he attracted far more attention than carrying a normal camera height. However, because of the extra shots, he also took some great photos.

Source: DigitalTrends

Dada Kuai Jiaqi lucky people do things together

　　C round of $ 100 million, DST lead investor Sequoia Capital, King Lam Estate, the Kunlun worldwide and members of the Sino-US joint Super angel investment. In June this year, when less than a year of "Dada" burst out when the new round of funding, many people still know nothing about it. Founder Kuai Jiaqi said they want is this effect, "I hope when we come out sounding when basically have more steady. "

　　Kuai Jiaqi, with magic are typical traits of entrepreneurs: practical, low key, like to leave work ... He hand founded of "up up" is a oriented b end, and provides last three km logistics service of platform, June 2014 online, currently docking has including hungry has you, and Beijing East, and Baidu, and Amoy points points zainei of hundreds of home O2O platform, daily distribution single volume had 700,000 single, has over 150,000 real name registered of distribution Member, most for part-time, service over 100,000 home merchant, cover has Beijing, and Shanghai, and Guangzhou, and Shenzhen, and Hangzhou, and Wuhan, and Nanjing, and Chengdu, and Chongqing, dozens of a main city.

　　This time, Kuai Jiaqi, he and "Dada" is almost ready.

　　Indissoluble bond and logistics

　　"I studied logistics degree at Tongji, McKinsey after work, doing is logistics consulting-related projects. Because it is love (me), so I went to MIT to read logistics engineering, Oracle Product Manager after graduation, and also related to this. "Kuai Jiaqi and seem to" logistics "indissoluble, after returning home, he worked in the media and live for VP,14 years left in the first half set up" Dada ", around a circle, doing logistics business. He said the two main reasons, first is always very loving logistics; Secondly, "I don't think entrepreneurship is sure to mobile Internet, mobile (opportunities) is the biggest O2O, O2O biggest pain point is logistics. "

　　Why do you say it? Kuai Jiaqi believes that traditional e-commerce and O2O there is very different, which makes original, a whole huge express and logistics system in the O2O electrical contractor does not apply, you need to do a new thing to deal with it.

　　"Tradition is represented by Taobao, characteristics are: low quality, timeliness and culture is strong, complex low purchase rate, mass SKU. And O2O first timeliness special strong, and basically to hours meter of many; then regional is obviously, you in Pudong are not buy Puxi of things, SKU also didn't so more, assumed eat outside sold words, eat to eat to on that several shop that several road dish; second repeat purchase rate is high, user may a week will points good times outside sold or bought times fruit, but in Taobao shop buy with a things of proportion is is low of. There is product personalization, you will find three kilometers around selling things is not the same, even if it is also called Kung Pao, next door to shops are not the same. "

　　Look at traditional practices: is to create a nationwide network, trunk, branch, warehouse Center. As a result, sacrifice is time, leads to a huge scale under the effect of cost reductions. But this does not apply to O2O electrical contractor, because O2O is a to point b, is a timeliness strong electrical contractor.

　　While traditional logistics tend to build a team, but the problem is clear: first, it's hard to imagine building 100,000-person team sent out, expanding very slowly, management costs are also higher; the second is low efficiency of import, to pizza, for example, at noon and evening peak periods requires a lot of people, and by afternoon were idle. Meanwhile, many people are willing to take the time out to make more money. Therefore, Dada is positioning crowdsourcing model for b-end merchants solve the logistics of distribution at the end of the biggest pain points.

　　"Crowdsourcing" the essence of the model

　　As with Uber drivers do not belong to the Uber, not DADA DADA delivery staff. They are their own transport, pays gas, from Dada connected form directly to businesses that collect the goods, delivery and click confirm shipping charges automatically to your TA da da account.

　　Kuai Jiaqi believe that Dada as a typical example of crowdsourcing platform, mainly three things: traffic, trade and logistics. "We don't own the distribution, we just set the rules, so that everyone on this platform to gain, so that this platform can continue to progress. In other words, the whole essence of the crowdsourcing model is to set rules, have to rely on rule of law and not by others. "

　　Of course, the crowdsourcing model has an unavoidable problem is how to control quality of service line? Kuai Jiaqi said: "we're doing a few things: first, our transportation specialist through the real-name authentication, docking and the background to the Government's database, ensure that TA is not a bad guy, Guy, this is the most basic thing. Second, on top of that, all distribution through online exams, as well as offline classroom training. In addition, we would roll uninterrupted training. Third, through the optimization of products and processes to ensure that money and goods, one of the three security. For example cod, we will require the transportation specialist dianqian payment first and then get the money. Last one is the timeliness and distribution business placed orders with orders in the course of each link, time, and location of a moment we are GPS real time tracking by mobile phone. " Every entrepreneur will make ten start up mistakes

　　"In addition, Dada has its own algorithm for the distribution of the distribution efficiency and service quality ratings, and rewards and punishments according to high and low scores. Low distribution, will be reduced to grab a single permission, or even eliminated. "Kuai Jiaqi adds," in essence, the emphasis is there must be rules. "

　　Lucky people do things together

　　Facebook, Twitter, Airbnb, Alibaba, Jingdong, millet ... You may not know, the famous "Unicorn" behind a common set of "horses", is Russia especially ▪ in Milner (Yuri Milner) founded by DST Fund.

　　Dada c round lead investor is it.

　　I'm curious, how Dada with DST become attached and secured the financing? Kuai Jiaqi recalled saying, "da da c turn when at least 6 Offer and can throw $ 100 million Fund represents a high quality. Why work with DST at all? I think it is a very important point is that patterns of Yuri was amazing. Was very impressed by, I chatted with him for two nights, the second night, he organized a very small party, circle most of the dozens of people pulling together, there are entrepreneurs and investors. "

　　Hearing this, I thought I would surely be a private banquet or party. Kuai Jiaqi told me:

　　"Cinema is the theme of the party, called the Are We Alone? Alien Planets Revealed》。 "

　　"About using Kepler to discover extraterrestrial life. At the end of the, Yuri is responsible for the project at NASA Chief and Chief of the Chinese Academy of Sciences responsible for extraterrestrial life are invited on stage, three people had a discussion. Yuri herself a physicist, all he cares about is the universe, the many Ethereal thing in life, but in fact is a very essential thing. After the end of, I talked with Yuri add up to five or six, we have the next five years, ten years in the business of what may happen on preview again. "Kuai Jiaqi said.

　　"I was very surprised and a little, and DST have always stressed that their performance could be so good, is because of good luck. "Kuai Jiaqi told me that he actually believes this," startups are dying thing, maybe one out of 10,000 (successful) probability are not, role of luck most of the time is overwhelming. In fact over the last decade, domestic investors staggering returns of the company as a whole is count them, then why do they (DST) are met? and DST's investment team in China is very small, each was able to seize maximum opportunity, they think it was luck. I also tend to agree with this statement. So, good luck people do things together should be a thing. "

　　But people should not time immersed in the joy of an army of 150,000 leads back around, competitors have emerged: subsidiary O2O East Beijing "Beijing Eastern home" early May launched their own crowdsourcing logistics business, in Liu's words: "we will dance the square dance also becomes East transportation specialist. "Hungry has you June 1 launched has development long of socialization logistics system" Hummingbird ", allegedly online a week platform Shang that has 100,000 orders volume, has more than 10,000 more distribution member using, future system also will docking third party team and all package logistics; in addition, also has batch with Dada as of start-up company also in rear forced chased, like is" everyone express ", and" interest live ", and" I fast to ",.

　　Kuai Jiaqi are clearly aware of this, so far hired Silicon Valley early Facebook Yang June of one of several Chinese engineers, "he's better than me alone, the first in Google, then Facebook and Square for six or seven years. "Kuai Jiaqi believe that Dada Yang June included in the next phase of development," we do this thing is essentially a bilateral trading platform. Any bilateral trading platform last spell thing with efficiencies of scale. Efficiency leads to cost reduction and optimization, scale is based on line execution and promotion operations. Efficiency of almost all products technology, so he joined Dada in the efficiency of the network as a whole, there's a huge improvement. "

　　With O2O electric business field of race increasingly to white-hot, and when of taxi software market as, station in outlet Shang of all package logistics also will ushered in more greatly small of entrepreneurs, from magic are growth up of "up up" can continues to in this track Shang lead, future grew up all package logistics territories of Uber? Kuai Jiaqi said he has confidence, "at least, we of luck also good. "

Hey mango TV your Hunan satellite TV network label it s time to take off yo

　　Hunan TV mango TV du seeding strategy implemented last year, media and industry colleagues consult me, my answer is positive affirmations. Single multicast strategies were implemented more than a year now, it is clear that television has won this battle of Xiang army's victory, but at this time and if anyone asks me, I will tell them: the end of the appropriate broadcast alone.

　　Why?

　　Single broadcasts, was their "mango"

　　First take a look at my views at that time:

　　"Hunan Lv Huanbin mango seeding strategy alone, it immediately became a hot, some people even said it was in the pit dug for itself. I don't think so stupid Hunan TV, in my opinion, this is a crisis, Hunan in their guts in the ' danger ' and ' opportunity ' between the heroic and courageous strategic choice. This is a very dangerous move and step need to follow-up measures, measures, carefully tie in the game of chess. But today's muddy, is encouraging broad. "

　　I agree with mango TV multicast strategy alone is because they are a fan of the media. The so-called fans, media, media with their own thoughts, authority, leadership, affinity, brand of precipitation as well as on the basis of culture, tightly linked with themselves and the audience. There is emotion in audiences for the media; it is willing to pay for you, willing to follow you.

　　Du sowing strategy is the use of so-called fans this is continuously pulled easily, won't pull out feature, will be scattered throughout the Web content is stopped, interactive space into its own proprietary content, namely mango TV, draw in fans, circle, building your own "mango". Take this quick form and youku, Qiyi video website comparable volumes, fast becoming the voice of the network video market power.

　　I thought only seeding strategy has two main risks:

　　First, fans of how strong is the bond? once the fans don't follow, it would be rich not rich, even the poorest are delayed. However, years of practice has proved that, Hunan satellite TV fans are really "powder"-my worry is unnecessary. Only after sowing, mango TV users, activity, advertising income, and other indicators all geometric growth. In fact, truly knowledgeable people did not see the data, because the data can all be fake, mango TV leads me to believe that the real reason for these data is: a special channel let me know their bandwidth consumption has reached a size of 1000 or 2000 g, only this is the data support.

　　I fear the second risk is the ecological degradation. Hunan satellite TV and fans of tonality, preferences must be consistent, otherwise they would not form a fan relationship. Broadcasting alone like mango trees scattered around all transplanted to a garden, attract a bird that eats mangoes constitute an ecological system. From the ecological point of view, the single species ecosystem is very fragile and a pest, can make the whole forest destruction. In fact, more right of Lakes should be used to describe the situation, just because they are called mango TV, I have to make some more vivid.

　　Qinghai Lake, it is connected with the sea, was disconnected from the sea, new environments lead to shellfish, algae, saving animals die in huge numbers, even fish only Gymnocypris przewalskii (gymnocypris). This is an extremely fragile ecological, water quality, water quality, climate, temperature changes can all cause extinction of Gymnocypris przewalskii. Huang or prey fish old, mature, and new seedlings of Gymnocypris przewalskii in breeding out of the River into the Lake, a few years ago due to the river that flows into the lake flows increase, changes in water quality and dam, has led to a substantial reduction in population. On top of that, since only Gymnocypris przewalskii is a property, the economic value of water production is very limited.

　　Although there is no communication with mango TV friends, but I believe that the ecological problems of the Qinghai Lake, on mango TV almost one by one to exist in the media ecology:

　　1, the user is experienced only seeding early growth, and soon reduced to a wall?

　　2, is in addition to the entertainment-oriented audience, few other types of audience?

　　3, whole day activity is heavily dependent on Hunan satellite TV ratings and program agreement with Japan?

　　4 Hunan satellite TV, new users are heavily dependent on the boot, it changes directly influence the increase?

　　5, advertising customer base relies on Hunan's customers, development of new customers whether there are bottlenecks?

　　……

　　So, I must correct his view, cannot be characterized as strategic seeding alone, sowing tactics alone. It is in a highly competitive media and complex process of evolution, messengers, tackling a step should not be a sustainable strategy. Legend of the PayPal mafia entrepreneurship

　　Mango TV switched to a "Dove" idea may be better

　　Since the broadcast alone was tactics not strategy, and mango TV broadcast alone has reached the objective and won, then we believe that television in the Xiang army to move quickly to the next step of action. Otherwise, once the current eco-curing, stereotypes, would be limited in a small living space, to get a little peace, lost the entire sea. Then again attempt to connected to the sea, it will be too late. Or not, you are now in Qinghai Lake connected to the sea, fragile ecological of Qinghai Lake, and Huang is impossible to fish and marine life, the little competition. So, where to go next?

　　My suggestion is to implement "Dove" strategy. We all know that raising pigeons pigeon control at home, it knew, tame, put out, they not only mountains can go back home, but also brought back the pigeons on the other. Fans of Hunan, the audience is there with the Dove property, one year's seeding strategy has been to let them know at home alone, beginning with the scale, the open hood net change rearing methods.

　　Of course, the strategy of raising pigeons is not restored to before planting alone who can program in Hunan took to the State or, but simple alone is no longer broadcasting, but selective, controlled resource substitution. Because, in the transformation of media convergence necessary for a variety of complex factors, mango TV really has, and can be called unique the only content of this item. And some contents of a fashion cycle and the current fierce competition in the market, making content advantages, especially long-term advantages are very difficult.

　　Therefore, should make use of existing content value in peak periods, Exchange interests with the community, to make up for their deficiencies, detect changes in the market, the law. This way you can ensure that mangoes as a small regional TV "Lake" control, content, technology, and the audience (fans) maintain contact with the Internet. Just like establishing channels of communication between the Lake and the sea, feel the evolution of sea change, keep your "sea".

　　Competitiveness of the Dove remained as a species of birds, because they never left the air.

　　Should include the following:

　　1, content for technology

　　In the transition from traditional media to new media companies, mango TV is technology one of the best, most comprehensive, but the Internet technology involves a too wide, upgrading so fast, our efforts alone could not keep up with technological advances, and the technology is extremely important for new media guide. Do not think that spending a little money can buy real technology, despite the technical in the stronghold rife in China sold out through the nose, but technology companies aren't stupid, money must change back real technology. By the bite some of the edges, the popular technology, neither subsequent upgrades and updates, let alone access to exclusive services and development of proprietary customized. This technology development often turn into white elephants.

　　2, content exchange content

　　Although Hunan program is great, but it's most loyal fans, after all, is to have some fans, if mango TV is always in the content, it will only precipitate the fan of the limited, and rejected other audiences, resulting in "Huang of Qinghai Lake fish". We have added new content, new bait in order to maintain species diversity. New content if you spend money to buy, it will embark on youku, aiqi art old, and for a media-rich content, it is a little bit lost his "way", that's not a shoe cobbler to go out to buy shoes!

　　3, content for fans, for services

　　As future coveted future video new media throne, or at least hope became future of party overlord of mango TV, its alone broadcast strategy "alone" of must is aiqi art, and Le depending on, and Tencent, directly competition opponents, especially a years to has formed has himself of scale advantage Hou, on more should with content advantage formed of discourse right and control capacity, joint even is support on himself frame not threat of weak power. Consumption on the one hand the strength of competitors, delay the pace of each other, on the small partner users can be converted into fans, you can also get some of their cutting-edge technologies and practices.

　　These smaller partners, is the mango TV antennae, and pumping stations, back to lost fans, fan into the audience at arm's length, at least keeping mangoes outside the system of communication. Otherwise, we have Hunan satellite TV mango TV lire in an inlet to the fan and TV this inlet is constantly shrinking.

　　In short, single broadcast, TV Xiang army transition to new media as a first step, good riddance, go on, but it's just a big step in the right. To complete the true transformation of Nirvana, arrive the other shore, then there are a lot of way to go, many decision points to grasp!

　　Hunan's brothers, come on, don't stop at the Lake, you can manage this sea of Internet video, watch you!

After the paper plan book to tens of angel investing but drink wine without

　　On September 1, 2015, but drinkers official website is online, on the website before the opening, but SIPs team interviewed. As a wine Internet team, but drinkers led by Hu Xiao Han's, with a paper plan, access to the tens of angel financing, the market valued at 150 million, in the interview, Hu Xiaohan said in November this year, is confident to win the second round of funding.

　　As one after the, Hu Xiaohan has joined the Internet industry for 8 years now. Who worked in the wine industry consulting company is one of the most well-known and one established a mature operating system, service provider.

　　In the interview, Hu Xiaohan said: "fight in the wine industry for so many years, many traditional companies want to play a new model, a new bright spot, but deep was imprisoned by their brand value. Brand not only points, more easily become fetters. Alternative wine enterprises, in terms of Internet use, simply use channels to sell it, or push down prices to influence the audience. ' Internet +' is not playing to the point. So, today's wine industry, an Explorer need to expand channels, and sales strategies can really form a tacit understanding with consumers. We create only SIP, in order to fill this gap to the wine industry. "

　　It is reported that one Chairman Yang Guang was one of the only SIP team. In reference to accession is one Chairman YEUNG, Hu Xiaohan witty said: "I am old Yang on the wine industry and modification of the Internet had the same idea, but Yang also helped me start, sending a lift. "The collision of old a little not knowing what will touch the spark!

　　"The Internet +" white spirit pattern creator

　　Traditional wine industry on the Internet has a lot of cognitive errors, when they supplemented sales channels, offline do not get really complement each other, the shackles of traditional ceremony and concept of the brand, so that the overall spread of unable to focus consumer attention. But companies such as Jiang Xiaobai, Internet model to create value to their products, but their audience is too narrow, if strengthened in this respect, the birth will be more competitive and market impact of the wine industry development pattern. So, Internet wine market, will include more than 50 billion shares, or 100 billion or more!

　　When describing Internet-liquor, Hu Xiaohan draws on successful models of millet. He said that millet does not succeed before phones active in offline, online mobile phone sales channels of fast, not a real concept. After the success of millet, leading the digital product of the Internet era. Today's wine industry, too, the Internet model, did not form a complete set of concepts and models, it also needs to be a creator.

　　Explore the Internet, leading wine industry into "mass age"

　　SIP products and services for Internet wine into a complete concept. Keep "the return of the Chinese liquor" branding background, put the brewing liquor service and offline interaction, so that sales are no longer limited to channels, but covered in masses based on the mining potential of the Internet market.

　　When brewing, but drinkers used "old Tin pot, cave cellar" process, and invited more than drinkers, with "double-blind" approach to participate in the SIP debug. After 365 days travel thousands of miles, 19,944 hours talk, 1,930 modulation, let every drop of wine, fat dissolve in the mouth.

　　When making a wine, but drinkers to strict selective raw materials and brewing environment, or even the whole plant without a single nail. Only SIPs each link has become extreme.

　　Internal unlimited requests, the pursuit of the ultimate wine experience. Externally, from wrapping thousands of considerations, the product manual revised numerous times.

　　Small: classical wine style combined with modern design theory, after 120 days of carefully orchestrated, to match the wine's wine vessel. SIPs give the wine not only "wine" function is for storage of splendid drinking culture. Let the drinking man, don't have to arrest on money and ceremony, make drinking more gentleman's refined culture. Decoding Tiger sniffing protection of intellectual

　　To: create a variety of custom patterns, make the service more product effects. To provide consumers with the most direct experience--drinking a glass of wine, with a song! several people gather to dance to entertain! there is poetry, more piano music here!

　　SIP the ultimate idea, Hu Xiaohan-persistent exploration of the wine industry on the Internet. During the conversation, Hu Xiaohan meaningful said: "we are entering the wine industry is not long, and we are not competitors of any brand, we found deficiencies in the wine industry, we hope to have more wine brands and we stand together to solve problems, to create a market. Efforts of what we do today, will be a major attempt on the development of the Internet wine, we want to be a leading people into new areas, exploring! "

A deep explanation of the Internet eight model of supply chain finance

　　Supply chain finance is a major direction of next Internet financial

　　First half of 2015, "Internet + supply chain finance" approved investment projects in the last ten. IDG believes that investments in supply chain finance is focused on this year. B2B, Internet banking and O2O TMT industry is China's three major air outlet. Traditional B2B is big business, B2B quickly develops to a certain stage you'll have financial needs.

　　Alibaba, Jingdong, suning, began in the early years of supply chain finance attempts. In the field of P2P, grass-roots investment, Silver Lake network, box of building blocks, all through the supply chain finance market. Meanwhile, many traditional enterprises will also be looking at "Internet + supply chain." Among them, the layout Internet appliance giant Haier finance, supply chain finance business was more than 60%. In May this year, Wu Liang ye "into" pharmaceutical supply chain finance. In addition, mengniu, dream clean home textiles, such as begin the layout of supply chain finance.

　　Supply chain finance is what?

　　Relying on supply chain finance refers to the core customer, on the premise that true trading background, using self-liquidating trade finance through receivables pledge, pledge closed by means of cash flow or control of domestic property on supply chain upstream and downstream enterprises to provide comprehensive financial products and services.

　　The essence of supply chain finance is credit financing, found in chain credit. Traditionally, financial institutions through third-party logistics, warehousing companies provide data confirms the core businesses of credit, regulation and financing groups of inventory and accounts receivable information. In the era of cloud, a large Internet company by virtue of its large supply chain financing upstart, Ant finance, Jingdong, suning are typical examples.

　　Internet + eight model of supply chain finance Upgrade Baidu or online music competition will

　　+ Supply chain finance there are many models for the Internet, will be dismantled as follows:

　　Based on B2B e-commerce platform for supply chain finance

　　Domestic e-commerce portals such as focus technology, Web business card, HC, dhgate, B2B e-commerce transaction platforms such as Shanghai steel and steel nets, were targeting supply chain finance, financial move in the direction of.

　　Fat cat logistics and steel launched in 2015 with "white fat cats" that begin with financial services. "White fat cats" for quality buyers to provide "first delivery, pay later" cooperation model means that steel has taken a substantial step in supply chain finance. Up to now, the steel nets have accumulated nearly 4 years of customer transaction data and vertical data risk control capability is an advantage for steel supply chain finance.

　　B2C e-commerce platform based supply chain finance

　　B2C e-commerce platform, such as Taobao, cat, Jingdong, suning, vipshop, shop, first settled businesses, such as basic information and historical information, high quality and accurate data, which according to the data available to creditworthy businesses financial services supply chain.

　　A case study of Jing dong, in recent years, East Beijing frequently raise Internet financial, supply chain finance is the Foundation of its financial operations. Beijing East through differentiation strategies such as location and logistics systems, and through years of accumulation and precipitation, has formed a set of data-driven East to supply chain systems, which range from sales, product forecast, inventory, health products, suppliers of Compass intelligence and wisdom of all aspects of pricing.

　　Jingdong supply chain finance using large data systems and all aspects of supply chain transactions for the vendor to provide loan services, which can be divided into six types: purchase order financing, inbound links of warehouse receipt finance, before closing the receivables financing, loan mode mode, Beijing, Beijing Bell Micro-credit model. Jingdong have very high quality upstream suppliers and downstream consumers, accurate data, Jingdong supply chain finance business are ripe.

　　Of payments based on supply chain finance

　　Payments paid by the company is not only want to do good business. PayPal, fast money, money, YeePay, Oriental payment through pay cut in supply chain finance. Unlike Alipay, and tenpay account strategies for c-Terminal, fast money to pay company with roots in the b end of the market. In quick money, for example, in 2009, the fast money is exploring supply chain finance, 2011 fast money and positioning the company for "payment + financial" expansion mode, to promote financial services supply chain. As fast money and Lenovo signed of cooperation agreement, help Lenovo integration its upstream tens of thousands of home dealer of electronic received payment, and should received meet accounts payable, corresponding information, will supply chain Shang downstream real of trade background as financing of basic conditions, formed a liquidity management solution programme, package sales to Bank, then Bank according to including should accounts receivable paragraph, information bulk for Shang downstream of SMEs provides award letter.

　　ERP system based on the supply chain finance

　　Traditional ERP management software and other data, IT service providers, such as UF, platform, kingdee, Czech Chang dingjie software, North and South, long the star fund management platform software, rich world, housekeeper, and so on, through years of accumulated precipitation information, product information, membership information, transaction information and other data, based on these data to build up a supply chain ecosystem.

　　Veteran financial management ERP companies UF network, Internet financial company is one of the three strategies. Thousands of medium and small micro-enterprises using ERP systems, is a member of financial service platform to participate in their supply chain. Slightly different model of Chinese information and UF, Chinese customers are large enterprises and supply chain finance services it provides will be upstream of its core customers.

　　Based on the platform of a one-stop supply chain management supply chain finance

　　Some integrated third party platform, collection has business, and logistics, and settlement, and funds of a station type supply chain management, as domestic listed enterprise of Yi Asia pass, and Suzhou of first, chain, and Nanjing of meeting mastery, and foreign trade integrated service platform-Alibaba a Datong,, these platform on supply chain full process of information has full of master, including logistics master, and inventory control,, has set became a powerful of data platform.

　　Like domestic listed Enterprise Yi Asia pass, founded Yu 1997, is a a station type supply chain management service platform, its launched two days between a platform strategy: "two Skynet" is refers to two big Internet platform (Yu business network + and Le network), and "between network", that Yi Asia pass build of two big channel sinking supply chain platform ("380" depth points pin platform and and Le life chain joined supermarket), and "a platform" that Yi Asia pass build of logistics trunk network (B2B+B2C logistics platform). Eternal Asia vertically integrated supply chain management links, forming a one-stop service platform for supply chain management, and procurement and distribution functions for logistics customers with funds paid services similar to Bank inventory financing, earning a "spread" income and, against the need for derivative foreign exchange settlement business transactions in the context of Renminbi to earn a big chunk of revenue. In a one-stop supply chain management services to the industry based on the model of developing financial business, is one of the important sources of its profits.

　　Industry solution based on SaaS model of supply chain finance

　　Service provider industry information management system, data information via a SaaS platform to carry out supply chain finance business, such as the retail industry-rich base in standard commercial and cooperative tax; kingdee invoicing management wisdom in mind, ping an Bank Orange e-net business housekeeper, the shopkeeper, Shenzhen, Ningbo logistics industry the easy flow of e-TMS and so on.

　　To ping an Bank business housekeeper, for example, business is the first free SAAS supply chain collaboration cloud platform, is Christmas Orange e-net's core product. Orange e-platform will ping an Bank traditional advantages to a depth of supply chain finance chain, online financial services. "More depth on the chain" refers to the large core enterprise services mainly in the upstream and downstream supply chain finance in close cooperation, deep linking to upstream suppliers of upstream, downstream of the downstream distributors. "Online financing" refers to the Orange e-platform for stakeholders of supply chain financing provides an electronic platform, customer financing, insurance, logistics and regulatory jobs online.

　　Based on business jiaoyiyuanqu and logistics supply chain finance

　　Relies on its vast array of businesses large business parks and logistics data with their transaction data, as the underlying data, this park has a lot of trade, such as electronic trading market, Hua Qiang bei in Shenzhen, Yiwu small commodity trading city of Haining leather city, logistics, linyi city, and so on.

　　A case study of Zhejiang silver goods through Zhejiang "agglomeration economy" has been developed, "Yongkang hardware capital", "Haining leather city," "Shaoxing textile market", "jiashan timber market" are well-known, such as the massive industrial area. Features of these clusters is, downstream of the small micro-enterprises generally lack the collateral, but with a complete upstream and downstream supply chain. In this context, silver goods through the "inventory" found in credit, the first inventory pledge financial, is the first based on intelligent logistics, supply chain management and inventory financial network services platform. Meanwhile, launched its "product into" and "thawing pipes," "fiduciary position" three service systems. So far, silver goods pass through pledge financing exceeding 1 billion yuan for practical implementation, managing storage area of over 100,000 square meters, monitor pledge of movable property worth 2.5 billion yuan.

　　Large logistics enterprises based on the supply chain finance

　　Logistics occupied the important delivery during the entire commodity trading links, connected upstream of the supply chain. They are based on the logistics services logistics and production processes in the supply chain for financial services. Large domestic courier companies and logistics companies, courier companies such as SF, STO, flexible, medium pass, Huitong, Bes, logistics companies such as us, ARIMA, and so on through mass customers receiving financial services supply chain logistics information. Currently SF, us logistics data has started to pervade owner purchasing, warehousing and logistics costs, such as entering the supply chain finance.

　　In SF, for example, the end of March 2015, SF open hundreds of nationwide warehouse for e-commerce businesses to provide warehouse stock, and introduced SF warehouse financing service. High quality e-commerce businesses stock up in advance to SF warehouse, can realize the nearest shipping, also get loans can be reported as finished goods. SF has a huge distribution network, intensive storage service outlets and new financial loans, three links to form a complete closed-loop logistics services. In addition to warehouse financing, SF financial supply chain products are based on factoring of receivables, orders based on customer business conditions and contract financing and credit-based Shun, such as micro-credit.