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.

Lenovo released three YOGA series

       This afternoon, the Association organized the YOGA series of product launches. Has released three new products, including core I laptop YOGA 4 Pro (YOGA 900), built-in 180 degree rotating micro-projection Tablet YOGA flat 3 Pro, as well as for mobile applications to create pluggable combo computer MIIX 4 (MIIX 700). Cat going northward to gangshan Su Ning Wei Jing

       The Conference marked the important of YOGA has become associated brands. From inception in 2012, YOGA expand multi-model forms from notebook to Tablet; this year, Horizon has changed its name to the intelligent desktop YOGA Home, officially joined the family of YOGA.

YOGA 4 Pro (YOGA 900)

       YOGA 4 Pro body thickness is 14.9mm, 1.29kg. Bracelet hinges are optimized and upgraded, 813 parts maintain original pure hand-assembled on the basis of realizing shaft subject and body of the same color, the appearance of more integration.

       YOGA 4 Pro powered by new Intel's sixth-generation Skylake schema core I processors, than the previous generation Intel Core I processor performance 10% duo, graphics processing capability 34%. Meanwhile, it is bi-metallic fan cooling system than ordinary plastic fan 30% performance increase. In terms of battery life, YOGA under 200 nits brightness, 4 Pro to ensure continuous playback high definition video for up to nine hours. YOGA 4 Pro screen resolution of 3200x1800, support multitouch.

       Meanwhile, YOGA private advisory service will provide a 7*24-hour exclusive consulting services.

 

MIIX 4 (MIIX 700)

       MIIX 4 released today is the fourth generation of MIIX products of Lenovo research and development, this is a smart device built for mobile applications, using the same and the same Surface Book of keyboard and the fuselage in one design that can be split.

       MIIX 4 with 12-inch HD screen, body thickness is 9.0mm, 750g. And YOGA bracelet-type hinge is used a similar design, it supports the hinge in 0-150-free support. MIIX 4 Skylake m processor duo, Duo m than the previous generation processor, performance 11%~20%, suitable for light Office. Range, at 200 nits brightness, up to 9 hours HD video playback locally. While MIIX 4 comes standard with a matching keyboard and 2048 pressure-sensitive stylus.

YOGA plate 3 Pro

       YOGA plate 3 Pro built-in 180 degree rotating micro-projection, by reinventing the original l-shaped structure, change the optical path to achieve integration of the scroll of the projection with 180-degree rotating function, up to 70 inches maximum projection size. Compared with the previous-generation products, YOGA flat 3 Pro in terms of sound quality improved, carried four JBL sound-tech speakers, Quan Jingsheng put Dolby sound effects can be achieved. In addition, it also supports arbitrary pen (Anypen) technology, using knives and forks and even carrots, usually of conductive articles can touch.

 

       The release of three new products will appear on the Lenovo website and store. YOGA 4 YOGA flat 3 Pro and Pro go on sale on November 9, including YOGA 4 Pro I7 processors and I5 processor version two configuration options, starting at $ 8499; YOGA flat 3 Pro, priced at 3499; eight-inch YOGA flat 3, prices from 1999 Yuan. While MIIX 4 will begin accepting online appointments in November 9, starting at $ 5499.

Nokia on November 30 before starting OZO again promotional video

       Nokia has just posted a message on its official Youtube account OZO's promotional video. In the video, you can see like Ted Schilowitz, Sid Ganis and Steve Schklair such a dominant figure in the film industry, discuss how Nokia OZO will impact the film industry in the future. This for an upcoming product, really eye-catching performance. Real life version of Terminator made of liquid

 

 

       The device will start on November 30. Capture it as a virtual reality equipment has many great features, these features can make the device is defined as a new product category. For example, it not only allows you to capture audio, video and virtual reality, but you can also make the photographer watched the captured audio and video in real time. This video is a cause for celebration for all Nokia fans; but we also wonder wonder if Nokia intends to market to consumers (especially camera buffs), smaller and cheaper version of the Nokia OZO. In addition, Nokia intends to Finland local production of OZO.

New virtual reality technologies to bring you roaming nano world

Nano-technology and virtual reality are two science and technology during the hype of the last century the most powerful, but none of them really met our expectations. Thanks to devices like the Oculus Rift, virtual reality can be achieved. Today, the start-up company trying to use virtual reality to achieve 80 to the nano-world illusion. Michael Kors Note 3 Case

Nanotronics Imaging companies get PayPal founder and early Facebook investor Peter Thiel's strong support, the company develops the atomic-level microscopes can be used by researchers and industrial manufacturers in nanometer materials used in the production process. Tribeca on disruptive innovation award in the near future, the company announced a new achievement: using virtual reality devices to watch under a microscope like Oculus of the world.

The new project called nVisible allows Nanotronics virtual roaming user in the world of nano-structure, company claims it will make their own materials more intuitive and comprehensive understanding. More importantly, it can help manufacturers create more stable production of nano-products, which in the past, such little material for processing is a huge challenge.

Internal defects

Nanotronics co-founder and CEO Matthew Putman said, using virtual reality technology of nano-materials to visualize ideas, initially proposed by Mari Kussman, the Creative Director of the company. Putman think visualization using virtual reality technology is a new thing. "Before I confirmed, I don't believe in," he said.

Turns out that virtual reality has played a very big role, such as semiconductor nano-materials are essentially smooth, but much of the rest of the material is not. In this case, even a three-dimensional image is displayed on a traditional flat are very troublesome.

Freudenberg Sealing Technologies company research and development of new materials, to avoid leakage of industrial valves to cars bearing all the tools. In testing the leak of part of the time, the company must identify the material itself for cracks or in the material and there is leakage between surfaces. Nanotronics Corporation developed the microscope after joining the company's testing process, nVisible visualization capabilities to assist in fault inspection of finished products more quickly.

Virtual reality brings change is exposing you to defect, you see that he is no longer a statistic of Rainbow colors, but a real phenomenon.

A closer look

Putman was founded in partnership with his father John Putman in 2010 Nanotronics. Prior to this, he is Chief Executive of industrial software company Tech Pro, the company founded by his father, and he is Colombia University Professor of materials science. His clear understanding of nanotechnology in all walks of life will make a difference, including small electronic products, such as medical equipment, optoelectronic devices, toughness, but the vision of nanotechnology has not been fully realized. Michael Kors Note 3 Case

He came up with an idea, Nano-microscopy combined with advanced machine vision technology, for example, Facebook and Google to accurately identify learning algorithm of image depth. Results showed that the microscope not only can see very small objects, can also be applied in close Visual automated industrial inspection process.

Putman hopes that these new type of microscope help scientists create a new generation of nano innovation company, the next Facebook might be born in materials science.

via wired

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