Weather forecast for jiangsu new space-time 20240110

During the day on January 10th, Jiangsu was dominated by cloudy weather. Affected by cold air, the temperature dropped significantly. At two o’clock in the afternoon, the temperature in all cities was only about 5~7℃.

It is expected that the whole province will be sunny to cloudy from the night of the 10th to the 11th. On the morning of the 11th, the lowest temperature in all places is below zero. During the day, the temperature will rise rapidly, and the highest temperature in the whole province will rise to about 10~13℃.

On the 12th and 13th, it will be sunny in the whole province, and the temperature will continue to rise. On the 13th, the highest temperature in southern Jiangsu along the Yangtze River will rise to about 17~18℃.

It is recommended to wear thick coats and other clothing. The wind is strong and indoor exercise is recommended.

The specific weather conditions in Jiangsu on January 11th.

Nanjing is cloudy-1 ~ 13℃

Xuzhou sunny 0 ~ 12℃ 

Lianyungang sunny-3 ~ 10℃ 

Suqian sunny 0 ~ 12℃  

Huaian Qing-2 ~ 11℃ 

Yancheng Qing-4 ~ 10℃

Yangzhou sunny-4 ~ 12℃

Taizhou sunny-4 ~ 9℃ 

Nantong is cloudy and sunny-3 ~ 9℃

Zhenjiang sunny-3 ~ 12℃

Changzhou Qing-2 ~ 12℃

Cloudy to sunny in Wuxi-3 ~ 11℃

Suzhou sunny-1 ~ 10℃

(The copyright of this news belongs to Jiangsu Radio and Television General Station, please indicate the source.)

Joker Xue brand down jacket failed to pass the sampling inspection: the problems of star clothing brands are frequent, and the control ability of commercial links is insufficient

Image source: vision china

Blue whale financial reporter Wang Hanyi

On January 4th, "Joker Xue clothing brand down jacket is unqualified" boarded a hot search, which triggered a heated discussion. In this regard, the brand apologized overnight and said that it could apply for a refund. It is not uncommon for stars to set foot in the clothing industry, and there are also many people who cause doubts and group ridicule. Why are entertainment stars easy to "roll over" as clothing brands?

In fact, behind the strong brand exposure, the lack of control over the complete commercial link is a very important reason.

Dangerous People down jacket failed the sampling inspection.

According to the reporter of Blue Whale Finance and Economics, recently, Shanghai Municipal Market Supervision Bureau announced two batches of unqualified down jacket products, among which, Shanghai Yanxun Trading Co., Ltd. sold "DANGEROUS PEOPLE" brand short down (model specification: 175/88al; Article number: 22410DJ287N), the filler nonylphenol+octylphenol+nonylphenol polyoxyethylene ether+octylphenol polyoxyethylene ether is measured to be 234.41mg/kg (the standard value should be < <100mg/kg), which is inconsistent with the standard requirements.

Image source: Shanghai Market Supervision WeChat WeChat official account screenshot

"Alkylphenol (AP) and alkylphenol polyoxyethylene ether (APEO) are environmental hormones. The unqualified project will easily affect the normal hormone secretion of the human body. " The Shanghai Municipal Market Supervision Bureau pointed out.

On January 4th, Weibo, the official of Dangerous People, issued a statement letter on the results of random inspection by Shanghai Market Supervision Bureau, which mentioned that "after rapid self-inspection, it was found that the unqualified product was the sixth batch of this product. The company immediately contacted the production company and asked it to stop producing the product and conduct self-inspection. At the same time, the company has also cancelled the follow-up cooperative production relationship with the production company about the product. "

Image source: Dangerous People official Weibo

The statement letter also mentioned that consumers who have purchased the product after January 1, 2023 can apply for a refund through the original purchase channel, and the company will refund the money for consumers as soon as possible.

On a social media platform, some netizens posted a successful refund page and said, "I bought it in January 2023 and returned it in less than 10 minutes after contacting customer service."

Dangerous People (hereinafter referred to as "DSP") is a menswear brand launched by Joker Xue in 2015. According to a survey by Blue Whale Finance reporter, as of January 8th, its Tmall store had 1.89 million fans and its JD.COM store had 549,000 followers. Except for the new black box product launched this year, the price exceeds 1300 yuan, and the prices of other products are between 199 yuan and 499 yuan. The pricing is relatively close to the people, and the sales volume is considerable. The down jacket has sold over 10,000 pieces per month at the highest.

Eye-catching shows that Shanghai Yanxun Trading Co., Ltd. changed its investor (equity) in January 2019, and Joker Xue withdrew from the ranks of shareholders and added Xin Liang, who is now jointly held by Xin Liang and Zhang Fan.

Although he has retired from the ranks of shareholders, Joker Xue is still the brand manager of DSP, and often appears in the live broadcast room to promote the products.

Jiang Han, a senior researcher at Pangu Think Tank, told Blue Whale Finance reporter that the problems in the sampling inspection of Joker Xue brand down jackets may be caused by quality problems in the production process or inadequate supply chain management, which makes the products fail to meet the standards.

Stars create many brands, but few break through.

Star street track has been in a state of "supply exceeds demand". Whether it is mainstream artists such as Joker Xue and Bai Jingting, idol stars such as Z.TAO and Dylan, or rappers Ma Siwei and KNOWKNOW Know who have gradually entered the public’s field of vision in recent years, many artists are running their own clothing brands.

Jiang Han believes that on the one hand, many stars have a strong interest in fashion and fashion design, and they hope to show their fashion taste and design concept through their own brands; On the other hand, stars themselves have high popularity and influence. They can promote their brands through their popularity and attract fans and other consumers to buy them. In addition, clothing brands have high profit margins, and stars can get higher economic benefits by making their own brands.

The business dividend brought by "Artist’s Aura" made the stars focus on the clothing business. Depending on the star’s personal influence and fan base, the initial stage can certainly empower brands well, and some brands may be able to gain a foothold.

But the opposite of the advantage also means higher attention, and fans will have higher requirements and expectations for the products. Many star brands are considered to be cutting leeks because of price, quality and after-sales service, and many brands are forced to close down before they are on the right track.

Previously, Lu Han’s personal fashion brand was questioned by fans about the clothes he bought for 1,500 yuan, which were "full of threads".

Nabi, Nana Ou-yang’s own brand, was once caught in the same controversy. A pure white nightgown of 988 yuan and two pairs of pure white cotton socks of 168 yuan were touted as "sky-high price". In addition, the composition of the nightgown is 86% polyester fiber, 13% viscose fiber and 1% spandex. The main material polyester fiber is also recognized as "cheap fabric" in the industry. Some netizens believe that, on the whole, nabi pajamas are not sincere enough in all aspects from fabric, pattern to workmanship. A survey by the Blue Whale Financial Reporter found that the nabi applet has stopped operating.

If the cold reception of nabi brand is a temporary misjudgment of the consumer market by Nana Ou-yang and other new generation stars, then the gradual disappearance of many old brands shows that it is not a simple way for stars to start their own brands.

At the beginning of 2023, the Shawn Yue personal brand MADNESS, which was founded for more than 8 years, reported the closure of the Tmall store; Edison Chen’s personal brand JUICE also withdrew from Sanlitun after seven years of operation; Mayday A Xin and STAYREAL, a street brand founded by illustrator Buliang, also have the action of closing offline stores and so on.

In this regard, Jiang Han analyzed: "First, stars may lack professional knowledge and experience in the clothing industry, resulting in inadequate supply chain management in the production process; Second, the brand positioning is not clear, and the product style and price are out of touch with the market, which leads to consumers not buying it; Third, over-reliance on the star effect, the product itself lacks core competitiveness, when the star effect gradually weakens, it is difficult for the brand to maintain good market performance; Fourth, the competition in the clothing market is fierce, and there are many brands at home and abroad. Star clothing brands need to face fierce competition with other brands. A little carelessness may lead to poor market performance. "

Lack of complete commercial link control

Why are star clothing brands easy to "roll over"? What is the operation mode behind the star clothing brand business?

The White Paper on the Development of Trend Culture published by CBNData points out: "Some stars create a brand first, and then hand it over to the outsourcing team. They don’t understand the trend culture, and blindly doing it will be counterproductive."

Zhang Yi, CEO and chief analyst of Ai Media Consulting, said that at present, most star brand business can be understood as OEM business. In the whole business process, most stars actually don’t understand the brand business, but hand it over to brokerage companies or other partners. Stars mainly play the role of drainage and are responsible for front-end traffic. Zhang Yi believes that this is one of the reasons why most star street brands are not very successful.

Take nabi, a brand in Nana Ou-yang, as an example. Stick Stack, the agency behind it, is a company whose main business is the operation and incubation of international fashion brands.

Judging from the brand model created by Joker Xue, it also relies on third-party factories for OEM. Although OEM is a very common production mode, it also means that the brand needs to supervise and control the product line more strictly.

Strong exposure is the first step for the brand to go out of the circle. How to quickly adjust tactics to cope with the changing market is the key factor for the long-term development of the brand.

Cheng Weixiong, a senior brand management expert and founder of Shanghai Liangqi Brand Management Co., Ltd., told Blue Whale Finance: "Only a star IP person can set up a brand, and a brand should have its own unique style and tonality. If you are a buyer, you should make corresponding purchases according to the brand’s own style and tonality; Or don’t be a buyer, have your own design and R&D team, do a good job in the research and development of styles, then do a good job in the screening of corresponding factories, and finally place an order, and at the same time conduct QC follow-up after-sales. Without the follow-up means and measures before, during and after delivery,’ rollover’ is inevitable. "

Zhang Yi suggested that stars should first have a strong supply chain as a support, and the quality should be guaranteed at the same time when the price is high. "No matter what products are made, all premiums should be supported by product quality, otherwise it is likely to backfire and bite the stars themselves."

It is true that in the clothing business, stars should be familiar with the whole commercial link of products from production to sales, and the different requirements of different nodes are responsible for the results.

After all, marketing is only a small part of the whole business chain.

Reporting/feedback

Hangzhou implemented a new policy for nightlife, encouraging physical stores to provide services in the middle of the night and early morning.

Recently, there has been a lot of discussion about whether there is nightlife in Jiangsu and Zhejiang.

The entry "Jiangsu is a province that goes to bed early and gets up early" has been linked to a hot search. Zhejiang’s nightlife is not rich, and Hangzhou locals often joke: "The nightlife in Hangzhou is free blowing by the West Lake." The topic is in full swing. At this time, Hangzhou issued a New Deal, proposing to build a "sleepless paradise Tesco Hangzhou". The focus of the policy is to create a night economy ip, and encourage physical stores such as catering, retail, entertainment, culture and bookstores to provide services from 10: 00 pm to 6: 00 am the next day. The program has been implemented for three years since July 25th.

In fact, in the past three years, Hangzhou has always wanted to speed up the progress in developing the night economy. As early as July 2020, Hangzhou proposed to guide the awareness of night consumption, cultivate the night consumption market and build a night consumption platform. Yan ‘an Road featured business, canal culture and Southern Song Dynasty culture were selected as the first batch of "Top Ten Night Landmarks of Night Economic Agglomeration" in Hangzhou. In addition, Hangzhou has also increased its support for the business activities of shopping districts and commercial districts. At present, 97 shopping districts have clearly liberalized their business activities.

This summer, once the policy was released, it quickly attracted "onlookers". Hangzhou, which has been labeled as a "nightlife desert", can this time build a "paradise that never sleeps" with the help of policies?

Night market is not a panacea.

When it comes to nightlife in Hangzhou, apart from the blowing by the West Lake, the most famous ones are Wulin Night Market and Wu Shan Night Market. In the most prosperous business district, tourists from all over the country always visit Hangzhou for more than ten years. This form of night market has also become an important starting point for the development of night economy.

However, "the success of Wulin Night Market and Wu Shan Night Market is hard to replicate." Shishan specializes in market operation. "The attraction of other night markets is slowly declining." The turnover of stall owners is a remarkable sign. Even if the same goods are sold in the same place and at the same time, the sales volume of most stalls is only half that of the past.

"The night market is a consumption of fresh experience." Shi Shan said. With the encouragement and advocacy of relevant policies, night markets have blossomed everywhere, but the forms are exactly the same and the categories are similar, so it is difficult for people to have a desire to buy again. "At the beginning of this year, it was rare to set up stalls selling blind boxes; By May, it was already a’ rotten street’. When I first took it out, a small toy sold for seventy or eighty yuan, and many people were willing to pay the bill; Now the price of similar products has dropped to twenty or thirty yuan, and it still cannot be sold. "

Hangzhou Wu Shan Night Market. Gong Pingping

Night market is not a universal formula for developing night economy. As a service provider, Shishan’s company undertakes the needs of the government or business circle. Before the opening of each night market, they will set aside three days for special evaluation, and thus set the booth fee. "If the residents around the night market are older and their consumption power is not strong enough, then they can only put gadgets with lower unit prices; If there is no subway station in the area, the traffic is not convenient enough to attract long-distance consumers, then it is enough for the event to last for 3 days, and the repurchase situation is generally not ideal. "

Now, the night market in Hangzhou is becoming more and more "rolled". "Event organizers are thinking of various ways to transform." Acrobatic magic, open-air movies and small band performances may all appear in the night market and are expected to become new attractive passwords. "In the past, there was basically only one performance in 10 events; Recently, at least half of the activities have performances. " Shishan feels that the night market has gradually become a part of a large-scale event, not the protagonist.

Enrich night consumption scenes

Since the attraction of night markets is no longer in the past, is it still meaningful for cities to develop night economy and continue to build various night markets?

The reporter heard a very interesting phenomenon-Wenzhou’s night economy scene is richer than Hangzhou’s. Many Wenzhou people go to Hangzhou and have no place to go at night, so they naturally go home early. Back in Wenzhou, the bedtime became late again. Explain that the consumption habits at night will not disappear, but there is no place to spend.

Hangzhou makes great efforts in night economy, clearly shows its attitude, and supports and enriches the supply of night consumption scenes.

Guanhe Night Market opened in Wenchuang Garden of May 7th Commune. Gong Pingping

Wenchuang Garden, located in Xiaoshan, Hangzhou, was rebuilt from the old cotton and linen factory and coal factory. It opened in March this year and is a fashionable destination in online celebrity. When the whole Wenchuang Garden was established, it was aimed at night consumption and opened at 4 pm. There are a variety of settled merchants, in addition to all kinds of catering, there are skiing experience, parent-child photography, car display, camping equipment sales and so on. No matter what format, even a design company that works from nine to five, it is clearly required at the beginning of the investment attraction in the park that it should not close before 10 pm, and all the lights must be turned on before that.

In the planning stage, the park will leave the location of the main road, operate a long-term night market, fix stall owners, and put out stalls every day. According to the different areas, the monthly booth fee for cultural and creative categories is 1,200 yuan in 800 yuan, and the monthly booth fee for catering categories is 1,200 yuan to 2,000 yuan. The park implements a relatively systematic assessment system. If the stall owner dresses up as a cartoon character "Bumblebee" or accumulates a lot of fans on social platforms, he will get extra points if he can drain the park. If the sanitation around the booth is not good and the attendance rate cannot be guaranteed, points will be deducted. Specialized administrative personnel often assess, and stall owners with a score below 75 may be persuaded to retreat.

The stall styles of Guanhe Night Market have their own characteristics. Gong Pingping

"If a sanitation is not good, or the lights are dim, the surrounding merchants will be affected. Every booth must create momentum for the atmosphere of the park, so it will be lively." Zhang Fanhua, director of the operation of Wenchuang Park in the May 7th Commune, said, in other words, every stall and merchant has to provide better night consumption services, thus forming a joint force.

At present, it seems that the effect of creating momentum is remarkable. While shopping, Zhang Fanhua casually "showed off" the outstanding performance of the stall owner to reporters. "This lottery booth sells more than 100,000 yuan a month; This hamburger is also online celebrity, selling one or two hundred a day; A bowl of iced tofu pudding can sell for four or five thousand yuan a day. " The park has about 15,000 daily visitors on weekends, and the number of social media-related entries is more than 1.6 million times per week.

After the policy provides convenience,

Some time ago, Zhang Fanhua received a notice that Hangzhou proposed to build a "sleepless paradise and Tesco Hangzhou". The government encouraged and advocated it, trying to provide convenience as much as possible, and how to do it specifically, and all business entities were free to explore.

"Try to provide convenience" is a bit empty at first glance, but it actually requires the joint efforts of merchants, parks and cities. Generally speaking, the cost of labor at night will be much higher than during the day, and the requirements of logistics and supply chain for night business are also higher. At the same time, the park should be equipped with at least 10 night security guards, and the night market cleaning should also increase the number of people, and be on standby in public areas at any time. If it is dirty, it should be cleaned up to ensure the dining environment.

Guanhe Night Market invited the resident band to create momentum for the park atmosphere. Photo courtesy of respondents

Zhang Fanhua also told reporters the story of a bar. The road at the entrance of Wenchuang Garden is relatively narrow, with two lanes. When the night market is hot, the traffic police need to close the road to maintain order. Generally, large bars are not allowed in this area. When a bar is opened, there will be many employees, and it will be lively until dawn, which will bring great pressure to the road facilities, and the traffic police will have to stay up until 4 am. Considering the night consumption demand and the convenience of business approval, the bar finally opened.

On a larger scale, for a city, many seemingly insignificant "soft services" can also become the most effective catalyst for night economic prosperity. The relevant person in charge of the Hangzhou Municipal Bureau of Commerce said that in the previous investigation, they found that the short number of bus lines at night, the long interval and the early end of the subway operation all limited the length of stay of consumer groups in the business circle. During the consultation period of the New Deal, some citizens suggested setting up a special traffic lane for shopping malls at night. This suggestion has been adopted, and the newly opened business projects will also be given priority consideration in transportation in the later period.

Some citizens also suggested that nightlife blocks should be far away from residential areas, and many office workers in Hangzhou need to rest at night. The Hangzhou Municipal Bureau of Commerce has adopted this proposal, and will evaluate and identify a number of demonstration blocks for economic gathering at night in the future, and standardize management with urban management, fire protection and other management departments.

Hangzhou is taking an important step to encourage the development of night economy, upgrade and create consumption scenes and consumption environment, and transform from "nightlife desert" to "sleepless paradise".

Editor-in-Chief: Kong Lingjun

Author: Gong Pingping Wang Shu

Photo source: Gong Pingping

Lying flat and being watched a movie! The "Bed Cinema" on the Central Street became the punching point in online celebrity.

There are no seats in the cinema, only a double bed. Lying flat and watching movies has recently become a trend. If you are sleepy, just sleep! In 2023, a "bed cinema" in Harbin quickly became a punching place in online celebrity, but it was not a couple-themed cinema. The owner of the cinema said that their target customers are family audiences, and they hope that young people can take their parents out of their homes and "enjoy the new movie-watching service together". They are planning to launch a free nostalgic special for the elderly audience, and also set up a "Party Building Hall" to mainly show the main theme films.
Central Avenue will invest 10 million yuan in new construction.
Modern Times Cinema on the Central Street is an "anti-routine" cinema. There are 20 double beds in the "bed hall". No matter how many tickets are sold, there are two people in each bed, and the audience is covered with blankets to watch movies. This kind of bed viewing is comfortable but not ambiguous. On the contrary, when the lights are on, the cinema is as bright as a amphitheatre. The person in charge said with a smile that the design concept "seems bold and rebellious, but in fact it is upright."
Wanda, Jin ‘an, Dashang, China Film Center … The Central Street is the most competitive business district of Harbin Cinema. This pedestrian street is surrounded by four or five modern studios. If you want to share a piece of this "war zone", it is undoubtedly the "hell mode". Cinema in China has experienced a low ebb in the past three years. Most viewers are used to watching online movies at home, and their viewing mentality has changed greatly. At the beginning of 2023, the film market recovered, and the national ticket prices generally rose. In order to attract the audience to return, several major studios in Harbin not only did not increase the ticket prices, but also upgraded their services, introduced massage chairs, engaged in membership activities, and gave small gifts on holidays. At this moment, Modern Times Cinema smashed 10 million yuan on Central Street and began to decorate. Mr. Cui, the manager of the cinema, told Harbin Daily reporter, "In the past three years, many people used to lie at home and watch projectors. Now’ watching movies’ has become the most basic function of cinemas, and cinemas that can play, enjoy and have distinctive personalities are the future trend. We focus on a comfortable and casual one here, sitting, lying down and watching. If you are sleepy, just sleep. "
Eat snacks and watch movies in bed.
The reporter’s first impression when entering Modern Times Studios is that this is a "paradise for social fears". There is no ticket inspector at the gate, and the audience doesn’t even have to pick up the tickets. The booking code in the mobile phone can be scanned at the entrance machine to enter the cinema, and the code can be scanned in and out at any time before the movie is over. The theme and decoration of each cinema are different. Spaceships are painted on the walls of the children’s hall, with colorful seats and animated films being shown. The couple’s hall is a double electric recliner, and the angle can be adjusted at will; The party building hall with the red theme is retro and solemn … The person in charge told the reporter that the cost of each electric recliner in the cinema is more than 5,000 yuan, and the price of a mattress with a double bed is higher. "It is to be more comfortable than lying at home. When you are engaged in activities, you can also send popcorn and coke, and you can watch and eat snacks on the bed."
What the studio owner didn’t expect was that he spent a lot of money to introduce three-color laser projection technology, and spent a lot of money on Feida audio and full-arc metal screen, trying to create top-level audio-visual effects, but what customers praised the most after opening turned out to be "the lobby game machine is good". The studio spent hundreds of thousands of dollars on large-scale video games, doll machines and massage chairs, decorated the lobby into a leisure and entertainment area, and put up props such as "I miss you very much in Harbin". Just after its opening, it caught up with the big explosion of the Dragon Boat Festival. On the eve of the Dragon Boat Festival, the central street was crowded with people. Modern Times Cinema simply showed it all night, and the venue was full. The doll machines in the hall were all caught empty. "Many people stayed here all night, catching dolls, playing games and watching a movie, and then went straight to the riverside for an outing at dawn," said Manager Cui.
(Summer box office explosion)
Open for one month and become a punching point in online celebrity.
Only 40 tickets can be sold for 20 double beds, and the fare is exactly the same as that of ordinary cinemas. The minimum membership price is 19.9 yuan for one person to watch a movie … The person in charge of the cinema admits that it is not a wise choice to put a double bed in the cinema from the perspective of investment. At present, the expensive "bed hall" has less income than ordinary cinemas, "but it represents a trend of future cinemas, more humanized service, and the distance between beds is very wide. Nowadays, the audience watching movies is mostly young people. We hope to attract middle-aged and elderly people who are used to’ squatting’ at home with a more comfortable environment, more services and better audio-visual experience. "
As soon as the movie market recovered, it invested 10 million yuan in high-rent lots. At the beginning, many people advised the owners of Modern Times Studios not to take too many risks, but in 2023, the strong performance of Harbin box office hit these people in the face. Harbin’s summer file exploded with 132 million yuan, and the National Day file was three times that of last year. The movie market in Ice City was all the way red and triumphant!
The person in charge of the studio said that they got the first place in the group purchase list of Tik Tok Studios in the same city within one month of opening, which attracted many netizens to punch in. Now "lying and watching" is a very popular way to watch movies in the south, and the central street is the trend vane of Harbin. "Visitors can not only see the century-old buildings, but also the most fashionable and advanced cultural and entertainment facilities in this street. I believe it will get better and better in the future. We have confidence in Central Street and Harbin! "
Source: Harbin News Network
Reporter: Gao Yun
(Some pictures are provided by respondents)
Editor: Liu Yixuan
Reporting/feedback

WANDA CINEMAS will change hands, resume trading "one word" daily limit! The transferee has produced many explosive TV dramas such as nirvana in fire and legend of miyue.

On December 13th, WANDA CINEMAS (SZ002739) resumed trading at a daily limit. As of press time, WANDA CINEMAS reported 13.7 yuan/share, an increase of 10.04%, with a market value of 29.86 billion yuan.

On the evening of December 12, WANDA CINEMAS announced that on December 12, 2023, WANDA CINEMAS Co., Ltd. (hereinafter referred to as "the company" and "WANDA CINEMAS") is the indirect controlling shareholder of Beijing Wanda Cultural Industry Group Co., Ltd. (hereinafter referred to as "Wanda Cultural Group") and its wholly-owned subsidiary Beijing Hengrun Enterprise Management Development Co., Ltd. (hereinafter referred to as "Beijing Hengrun"), the actual controller of the company, Mr. Wang Jianlin and Shanghai Ruyi Investment Management Co., Ltd. (hereinafter referred to as "Ruyi Investment"). Signed the Equity Transfer Agreement on Beijing Wanda Investment Co., Ltd. (hereinafter referred to as the Equity Transfer Agreement) to transfer 51% equity of Beijing Wanda Investment Co., Ltd. (hereinafter referred to as Wanda Investment) to Ruyi Investment (hereinafter referred to as the transaction).

As of the disclosure date of this announcement, Wanda Investment holds 435,873,762 shares of WANDA CINEMAS, accounting for 20% of the company’s total share capital, and is the controlling shareholder of the company. If the above transaction is finally implemented,Ruyi Investment will hold 51% equity of Wanda Investment, and Mr. Ke Liming will be the actual controller of Ruyi Investment, and will indirectly control 20% equity of WANDA CINEMAS through Wanda Investment. The actual controller of the company will be changed from Mr. Wang Jianlin to Mr. Ke Liming.

Image source: every original

On December 12, 2023, Wanda Culture Group, Beijing Run and Mr. Wang Jianlin signed the Equity Transfer Agreement with Ruyi Investment, intending to transfer their 20%, 29.8% and 1.2% equity of Wanda Investment (holding 51% equity of Wanda Investment in total) to Ruyi Investment, with a total transfer price of RMB 2.155 billion.

Prior to this transaction, Wanda Investment, the controlling shareholder of the company, held 20% of the shares of the company, and Wanda Culture Group, Beijing Luorun and Mr. Wang Jianlin held 51% of the shares of Wanda Investment. Mr. Wang Jianlin indirectly controls 30.9% of the equity of WANDA CINEMAS through Wanda Investment, Wanda Culture Group, Shenxian Rongzhi Xingye Management Consulting Center (Limited Partnership) and Ms. Lin Ning. The actual controller of the company is Mr. Wang Jianlin. Before the change, WANDA CINEMAS’s shareholding control relationship is as follows:

Prior to this transaction, Mr. Ke Liming held 16.34% of the total share capital of China Ruyi Holdings Co., Ltd. (hereinafter referred to as "China Ruyi"), and Shanghai Ruyi Film and Television Production Co., Ltd. (hereinafter referred to as "Ruyi Film and Television"), which was controlled by China Ruyi through an agreement, held 49% of Wanda Investment.

After this transaction,The controlling shareholder of the company is still Wanda Investment, and Ruyi Investment holds 51% of Wanda Investment.Ruyi Investment is a wholly-owned company owned by Mr. Ke Liming, who indirectly controls 20% equity of WANDA CINEMAS through Ruyi Investment, and the actual controller of the company will be changed to Mr. Ke Liming.

In addition, China Ruyi Film and Television, which is controlled by Ruyi through an agreement, holds 49% of Wanda Investment, and Mr. Ke Liming also holds 16.34% of the total share capital of China Ruyi.
After the change, the shareholding control relationship of WANDA CINEMAS is as follows:

After this transaction,Mr. Wang Jianlin indirectly controls 10.9% equity of WANDA CINEMAS through Wanda Culture Group, Shenxian Rongzhi Xingye Management Consulting Center (Limited Partnership) and Ms. Lin Ning.

According to the announcement, Mr. Ke Liming, male, born in April 1983, is of China nationality and has no permanent residency abroad, with a postgraduate degree. He is currently the executive director and chairman of China Ruyi and the CEO of Pumpkin Films Limited. As an investor and producer, Mr. Ke Liming once led and invested in films such as Keep You Safe, Exchange Life, Moon Man, Hello Li Huanying, A Little Red Flower, Animal World, Sewing Machine Band, never gone, To Our Dying Youth, The Old Boy Raptors Across the River, Old Chinese Medicine Doctor, Old Pub, Frontier of Love and No War in Peiping.

Since the beginning of this year, Wang Jianlin, the founder of Wanda Group, has frequently "sold" its equity and reduced its assets. On July 10th, Wanda Investment signed a share transfer agreement with Lu Lili, intending to transfer its 180 million shares of WANDA CINEMAS to Lu Lili, with a total transfer price of about 2.173 billion yuan. Lu Lili’s most well-known identity is the "proprietress" of Oriental wealth. Then, on July 18th, Wanda Investment again plans to transfer its 177 million shares of WANDA CINEMAS unrestricted shares to Shenxian Rongzhi Xingye Management Consulting Center (Limited Partnership) at a transfer price of 1.317 yuan/share, with a total transfer price of about 2.336 billion yuan.

Wang Jianlin once made no secret of his ambition for the cultural industry. Many years ago, when faced with the news that Disneyland had settled in Shanghai, he boldly declared that it would be difficult for Disney to make a profit in the next 20 years. He clearly realized that China’s real estate industry has developed for more than 20 years, and in another 15-20 years, this industry may gradually shrink. In order to ensure the sustainable development of Wanda, he understands that the company must turn to diversified fields such as culture and tourism.

In order to realize this transformation, Wanda carried out a major overseas merger and acquisition as early as 2012, and acquired AMC Entertainment Holding Company, the second largest cinema in the United States, which was the first overseas merger and acquisition in China film history. Since then, Wanda Cinema has successively launched a fixed-income plan since July 2015, and plans to acquire 100% equity of Hoyts, the second largest cinema in Australia, and 100% equity of Muwei Fashion and Chongqing Shimao Cinema Management Company, a domestic film data company.

Wanda also owns its own listed company, wanda cinema line, which is in the leading position in the domestic industry and is regarded as an important quality asset of Wanda Culture Group by the outside world. However, affected by the epidemic situation in recent years and other factors, WANDA CINEMAS has also experienced some difficulties. According to the financial report data, in 2019 and 2020, the company lost 4.729 billion yuan and 6.669 billion yuan respectively. Although it achieved a slight profit in 2021, it fell into a loss again in 2022, with a net profit loss of 1.923 billion yuan.

Today, Wang Jianlin bid farewell to the original film and television dream.

"Before the epidemic, Wang Jianlin expressed his dissatisfaction with WANDA CINEMAS at the year-end summary meeting for two consecutive years. After the annual party, he will come to our floor, which impressed me deeply. He said in a bad tone that the cinema earned less and the company didn’t keep idle people. The film industry as a whole is only tens of billions a year, which can’t help the big group. " The employee recalled Wang Jianlin’s deep impression on the film and television business.

WANDA CINEMAS’s third quarterly report data shows that in the first three quarters of this year, WANDA CINEMAS’s operating income was about 11.347 billion yuan, an increase of 46.98% year-on-year;The net profit attributable to shareholders of listed companies is about 1.114 billion yuan.The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is about 1.103 billion yuan; The net cash flow from operating activities was about 3.796 billion yuan, up 127.69% year-on-year.From January to September 2023, the company’s domestic cinemas achieved a box office of 6.22 billion yuan (excluding service fees)., an increase of 67.6% year-on-year, an increase of 5.2% over the same period in 2019; The number of people watching movies was 150 million, a year-on-year increase of 68.7% and an increase of 3.7% over the same period in 2019.

By September 30th, 2023, the company had 877 cinemas and 7,338 screens in China, including 709 directly operated cinemas and 6,159 screens, and 168 light assets cinemas and 1,179 screens. In the first three quarters, the company’s cumulative market share was 16.5%.

According to public information, Shanghai Ruyi was established in 2013, mainly engaged in the production and operation of radio and television programs and film distribution business. It is a controlled structural entity with 100% actual rights and interests in China Ruyi.The company has produced Hi, Mom’s To Youth, nirvana in fire, legend of miyue, Sewing Machine Band, A Little Red Flower and many other explosive TV dramas.Previously, among the four cornerstone investors introduced by Lehua Entertainment IPO, Sun Mass Energy, a wholly-owned subsidiary of China Confucianism and Italy, subscribed for $7.9 million in offering shares.

Image source: Company official website

It is worth mentioning that the largest shareholder of China Confucianism is Tencent. Including the introduction of China Confucianism, Wanda recovered 6.766 billion yuan in July through three equity transfers and the disposal of WANDA CINEMAS and Wanda’s investment equity.

National business daily Comprehensive WANDA CINEMAS Announcement, Shanghai Confucianism, official website and national business daily (Reporter Bi Yuanyuan)

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Pope: "This is war and this is terrorism."

According to Vatican News and CNN, the official news websites of the Holy See, on December 17, local time, Pope Francis condemned Israel’s bombing and sniper of "unarmed civilians" in Gaza during a prayer activity, and said that "this is war and this is terrorism".
According to reports, Francis called for an end to the war in Gaza in his prayers, and especially prayed for Christians hiding in the Catholic parish of Sagrada Familia in Gaza. On December 16th, Israel attacked the area, and an Israeli sniper was accused of killing Nahida Khalil Anton and samar, a mother and daughter who had taken refuge in Sagrada Familia Church. Since the current Palestinian-Israeli conflict broke out, most Christian families in Gaza have taken refuge here.
The Patriarchate of Latin Rites in Jerusalem issued a statement saying that when the gunfire rang, the mother and daughter were walking from Sagrada Familia Church to the convent of nuns. "One of them was killed while trying to take the other to safety". The Patriarchate oversees the Catholic Church in Cyprus, Jordan, Israel, Gaza and the West Bank.
The statement said that the Israeli sniper also shot and wounded seven other people who tried to protect other people in the church. "(The Israeli army) did not issue any warning or provide any notice. They were shot in cold blood in the parish, where there were no combatants."
On December 17th, Pope Francis delivered a speech at a prayer service/AFP.
"I continue to receive very serious and painful news from Gaza," Francis said in a prayer activity on the 17th. "Unarmed people have become targets of bombing and sniper attacks. This happened in the Sagrada Familia church building area, where there are no’ terrorists’, only families, children, patients, disabled people and nuns."
Francis also mentioned the attack on Mother Teresa’s monastery in this area. According to the statement of the Latin Ritual Patriarchate in Jerusalem, shells fired by Israeli tanks hit the monastery, destroying the generator and fuel supply of the building and making a building accommodating 54 disabled people uninhabitable.
In response to the destruction and casualties caused by the Israeli army in the region, Francis said: "Some people say:’ This is terrorism, this is war’, yes, this is war, this is terrorism."
This is not the first time Francis has used the word "terrorism" in this round of Palestinian-Israeli conflict. According to Reuters’s previous report, on November 22nd, after meeting with the families of Israeli detainees and Palestinians with families in Gaza, Francis said, "What happened here has transcended war, this is not war, this is terrorism".
Francis’s remarks at that time were criticized by many Jewish groups, including the American Jewish Committee (AJC). These Jewish groups believe that Francis’s remarks jointly condemn both sides of the conflict and accuse them of confusing Israel’s "self-defense" with the "aggression" of the Palestinian Islamic Resistance Movement (Hamas).
In 2020, a man decorated a Christmas tree in Sagrada Familia parish in Gaza/AFP
The IDF denied the allegations that civilians were killed or injured in Sagrada Familia Church. According to the Washington Post, the Israeli army issued a statement on the 17th, saying that "no reports of attacks on churches or civilian casualties have been received", and "the review of the investigation results of IDF operations supports this point".
Issa Antoun, a relative of the deceased, described the scene when his mother and sister were attacked to the Washington Post. He said that after the mother and daughter left, screams came from the courtyard of the church.
"We immediately ran out and saw that my sister was hit by a sniper’s bullet below her ear. She fell face down on the ground, and my mother was lying on her back a few meters away, "Issa Antong described." We rushed to save her, and snipers opened fire on us, injuring my two children. "
He added, "This is not the first time that the church has been attacked since the beginning of the war, but the sixth time." "As I speak, bulldozers are closing the door of the church and blocking it with a bunch of cars in the street."
Layla Moran, a British parliamentarian, also said that her family was one of hundreds of civilians trapped in Sagrada Familia Church. As the situation continued to deteriorate, her family faced "extreme despair and fear". Moran said that her family can’t get water or food, "there are still a few days before death" and "I’m not sure if they can live to Christmas".
Moran also said that his family reported that the courtyard of the church was attacked by "white phosphorus bombs and bullets", and the garbage collector and janitor had been shot. "The body is lying outside and no one has cleaned it up so far."
According to data released by the health department of the Gaza Strip in Palestine on the 18th, since the outbreak of a new round of conflict between Palestine and Israel on October 7th, Israeli military operations in the Gaza Strip have caused 19,453 Palestinian deaths and more than 52,000 injuries.
This article is an exclusive manuscript of Observer. It cannot be reproduced without authorization.
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