The Russian Central Bank cut interest rates by 25 basis points to 7%.

The Russian Central Bank cut interest rates by 25 basis points to 7%.

The Central Bank of Russia cut interest rates by 25 basis points to 7% (five and a half years low), in line with market expectations, for the third consecutive meeting. The central bank said further interest rate cuts could be made at future meetings. The dollar fell to 65.86 against the Russian rouble USD/RUB short-term.
The Central Bank of Russia expects CPI to be 4.0% – 4.5% in 2019, compared with 4.2% – 4.7% previously. GDP growth is expected to be between 0.8% and 1.3% in 2019, up from 1.0% to 1.5%. GDP growth is expected to be between 0.8% and 1.3% in 2019, up from 1.0% to 1.5%. Based on the expectations of the central bank and considering the monetary policy position, the annual inflation rate is expected to remain near 4%. In the interest rate decision, the central bank will consider real inflation and inflation expectations, as well as economic development.
Reportedly, the Central Bank of Russia did not mention neutral interest rates in its statement.
As global economic growth slows down, central banks around the world have been cutting interest rates to stimulate economic activity. Among developed economies, the European Central Bank and the Bank of Japan expressed their willingness to further relax monetary policy, while the Federal Reserve cut interest rates for the first time in 10 years in July. In emerging markets, central banks in the Philippines, Thailand and Indonesia have cut interest rates this year.
Russia’s Economic Challenge
Russia’s economy is facing double challenges: global uncertainties such as trade wars and sanctions from the United States.
Over the past five years, Russia has been working hard to deal with the economic sanctions imposed by the United States and its allies on Russia. Some of these sanctions include restrictions on Russian banks’access to international capital markets.
Andrei Costin, chairman of Moscow’s VTB Bank, said the sanctions had “dramatically changed our financing policy” and that his bank found it difficult to continue borrowing large amounts of dollars and euros.
“We learned how to raise money, which is helpful in times of crisis.” He said.

佛山桑拿

Chengdu Auto Show 2019

Chengdu International Automobile Exhibition in 2019
The 22nd Chengdu International Automobile Exhibition (hereinafter referred to as Chengdu International Automobile Exhibition) will be grandly held in the Western China International Expo City from September 5 to 14. The exhibition is co-sponsored by the Chengdu Municipal People’s Government and the Automobile Industry Branch of the China Council for the Promotion of International Trade. Chengdu World Century Convention and Exhibition Tourism Group Co., Ltd., Hanover Milan Exhibition (Shanghai) Co., Ltd. and the Sichuan Provincial Committee of the China Council for the Promotion of International Trade are co-sponsored. According to the extension schedule, media day is September 5, September 6-8 is professional audience day and September 9-14 is ordinary audience day.
The new theme of “Zhihui Rongcheng Lejia V Lai” has been launched in this auto exhibition, attracting more than 130 auto brands from German, American, legal, Japanese, Korean and joint ventures, autonomous, etc. to gather in Rongcheng. More than 1600 vehicles are expected to be exhibited, with a total scale of 200,000 square meters. The whole exhibition period is expected to attract 750,000 spectators. As a resounding city card, Chengdu International Automobile Exhibition actively responds to Chengdu’s strategic positioning of building an international consumer city. At the same time, according to the development strategy of “Three Cities, Three Capitals” and the development needs of the new era, this year it moved to the Western China International Expo City. The new pavilion is located in Tianfu New Area of Chengdu City. The new pavilion will boost the car exhibition. Show a new look.
Looking to the West, Brand Major Investment
Driven by the favorable policies of “one belt and one road”, Chengdu has become the first tier city in the strategic intersection of “one belt and one road” and the Yangtze River economic belt. It not only ranked eighth of GDP in the whole country, but also showed full toughness in the winter of car market. Last year, China’s car market showed its first negative growth in nearly 30 years, but Chengdu’s car market still ranks first in the western cities of China. Recently, the CPC Central Committee and the State Council attach great importance to developing circulation and expanding consumption, pointing out that they will cultivate consumption hotspots, release automobile consumption potential and support the purchase of new energy vehicles. With the development of this measure, the recovery of automobile consumption market will be accelerated.
Over the years, Chengdu Auto Show has been the frontier for major brands to explore the western market. The downward cooling of auto sales has made Chengdu Auto Show more prominent in its strategic position. Many auto brands are still increasing their investment in Chengdu International Auto Show this year. They are selling Jimo Quan for the upcoming “Gold, Nine, Silver and Ten”. Wipe your palms. The exhibition will cover 11 pavilions and some outdoor exhibitions. The total scale of the exhibition is 30% higher than that of last year, reaching a record high. BMW, Mercedes-Benz, Audi, Lexus, Great Wall, Beiqi, Red Flag, SAIC GM Wuling and other original brands have greatly increased the exhibition area, bringing a number of models and innovative technologies to the show.
New Energy Zone, Showing the New Future of Automobile
Affected by the subsidy recession, sales of new energy vehicles declined in July. However, with the transformation and upgrading of the automotive industry toward the “new four modernizations”, that is, electrification, intellectualization, networking and sharing, new energy vehicles still have tremendous development space and potential. This Chengdu International Auto Show opens the “New Energy Zone” for the first time. The new dignitaries such as Weilai, Xiaopeng, Aichi and Cyrus will be airborne to Chengdu International Auto Show. The “Strength School” – Weima and its future will also be showcased. Many “new auto-making forces” will show their innovative ideas to millions of fans in southwest China and ignite the new energy auto market fever. Tides.
In addition, the new energy series of traditional automobile enterprises and independent new energy automobile brands such as Euler and Geometry will compete with the “new forces of automobile manufacturing”. Among them, Dongfeng Renault’s first pure electric vehicle Renault will be launched at this auto show, and SAIC Volkswagen’s first new pure electric vehicle e-Lavida Langyi will also shine on the stage.
Luxury cars stand out and ignite Qi Liangjian
Luxury automobiles have excelled in this year’s depressed environment. Overall sales of luxury automobiles in the first half of this year exceeded 1.4 million, an increase of 7.2% over the same period last year. This Chengdu International Auto Show will still usher in super luxury brands such as Maserati, Porsche, McLaren, Lamborghini, Aston Martin, Bentley, Rolls-Royce and luxury BMW, Mercedes-Benz, Audi, Lexus, Volvo, Cadillac and so on, which will ignite the Western Auto market.
Among them, BMW is leading the way, winning the first large-scale exhibition of over 3000 square meters, ranking first in this automobile exhibition; Mercedes-Benz and Audi are also on the stage with super-large exhibition booths of nearly 3000 square meters, and representatives of the three German leaders will fully demonstrate their century-old style. It is worth mentioning that the special edition of Lamborghini Huracan GT3 Daytona will be exhibited for the first time in China to promote its racing culture. Lexus RX will also be on the market. Luxury British brand Lutus and Karma from California will also make their debut at Chengdu International Auto Show.
Focus on “Three New”, Pioneer Forum Pioneer Shang
Chengdu International Automobile Exhibition has always taken the task of gathering typical forces and leading the trend of fashion. This year, under the guidance of China International Trade Promotion Association Automobile Industry Branch, Chengdu International Automobile Exhibition Organizing Committee and Automobile Observation Magazine co-sponsored the First China Automobile Pioneer Forum, which will be Luozi Rongcheng. At that time, leaders of government and industry organizations, automobile enterprises, experts and scholars, fashion leaders across borders, fashion designers and fashion designers will focus on the development of new technology, new consumption and new trends in the automotive industry. They will collide with wisdom across borders from different perspectives to provide frontier insights for the market and provide different enlightenments for the industry.
In addition, the auto show also hosted the 2009 Car Model Award Ceremony, China Automobile Market Self-Media Marketing Summit and China Automobile Innovation and Trend Summit at the same time, with multi-dimensional attention.

佛山桑拿

US Open Top Eight Men’s Singles

On the morning of Beijing Time, 3-6, 6-1, 6-2, with Nadal defeating Silich 6-3, 3-6, 6-1, 6-2, the top eight men’s singles have been produced. The first half is Wallingka vs. Medvedev, Federer vs. Dmitrov, and the second half is Beretini vs. Mengfels and Schwarzmann vs. Nadal.
Valinka vs. Medvedev
This will be a focus battle.
Previously, the two played only once in the first round of Wimbledon in 2017, when Medvedev won 3-1, and then Wallinkain withdrew from the rest of the year with a knee injury.
The current US Open is both outstanding, especially Medvedev, who entered the final three consecutive stops before the US Open and won the first Masters Championship in Cincinnati. Nowadays, with the “unreliable younger generation” such as Sisypas and Zvelev always “gloomy”, the 23-year-old Russian youngster, who looks older than his real age, is being placed higher expectations in the tennis world.
The result of the game is unpredictable. The old saying is “who plays better on the spot, who wins”.
Federer vs. Dimitrov
Now Dimi’s world ranking has dropped to 78th, but it’s somewhat surprising that for a long time he didn’t show any signs of being in the top eight of the US Open in a low-key way. It was his first career in the top eight of the US Open and the only non-seeded player in the top eight.
Dimi had seven previous games against Federer, not only defeated in the seven wars, but also won only two of them. Federer’s chances of winning the second battle should be small, but in the “cold door” of the U.S. Open, it is difficult to say at the last minute.
Schwarzmann vs. Nadal
You have to say that the signing of Nadal in the US Open is really very good. He has not met any threatening opponents since the start of the tournament. Even against a former US Open champion like Siritch, he has maintained an overwhelming advantage. Even the retired Deyo admitted, “Yes, Rafa played very well,” Deyo said in an interview with foreign media.
Argentine Schwarzman eliminated Zvelev before entering the game against Nadal. Zwerev’s win in the first set ruined the game, and he even made 17-level double errors in the whole match.
Schwarzman is known as the “short-footed tiger in tennis” with a height of only 1.70 meters, which is very rare in professional tennis, but his characteristic is that his foot is very fast and his dribble is very fast. This is Schwarzman’s second time in the top eight of the US Open and will be Nadal’s strongest opponent since the start of the tournament, but under normal circumstances he can not threaten Nadal.
Berettini vs. Memphis
Berettini is currently ranked 25th in the world. After beating Lublev, he became the first Italian player to reach the top eight in the US Open in 42 years.
Memphis belongs to the kind of uncertain players, known as “Meng Shao Xia”. He has a very high physical quality, how happy and how to play. He has been playing professional tennis for 15 years, and his love with Svetorina on social media seems to attract more attention.
Although Meng Shaoxian prefers his experience in Grand Slam events, in fact, the confrontation between the two little seeds will not have any impact on the situation behind the US Open.
Now, the U.S. Open has reached its climax. After Nadal’s victory in the quarter-finals, some fans have been looking forward to the 41st Final. More fans predict that Nadal’s 19th Grand Slam is basically right.

佛山桑拿

Liu Tao and his children on the cover

Liu Tao and his two children went on the cover of Okbaby, looking so warm and gentle. They all know that Liu Tao got married in 2008 and began to be a full-time wife after marriage. Later, because his husband failed in business, he chose to come back. Finally, he returned to the public through the TV drama Ode to Joy.
What does Liu Tao look like on the cover with his children? What’s the matter?
Her daughter also played Andy Jr. in Ode to Joy. Now the couple have gone through the storm, Liu Tao and Wang Ke’s feelings have become more stable, in the “Dear Inn” on the happy life of the two people also let the audience envy. Liu Tao is virtuous, capable and considerate. Wang Ke’s wisdom and atmosphere are praised by netizens. They have also become models of couples in entertainment circles.
What does Liu Tao look like on the cover with his children? What’s the matter?
Liu Tao on the cover wears a beige coat and camel skirt, which exudes a gentle intellectual temperament. This outfit is also praised as a model for early autumn wearing. Daughter Wang Ziyan is a complete copy of his father Wang Ke, but more beautiful lady. His son, Prince Jing, has five features more like Liu Tao, but his overall temperament is very similar to that of his father.
Liu Tao Married
On January 6, 2008, they got married. The wedding was extremely luxurious, costing more than 4 million yuan. The wedding scene was almost a famous car exhibition. Two Rolls-Royces, Lamborghini LP640, two 599, f430, S65 and so on.
What does Liu Tao look like on the cover with his children? What’s the matter?
Wang Ke packed two floors in the Wangfu Peninsula Hotel. The wedding was attended by nearly 300 people, including Lin Xinru, Li Xinjie, Qin Hailu, Hu Jun, Yang Kun and Shao Bing.
What does Liu Tao look like on the cover with his children? What’s the matter?
At the wedding ceremony, Liu Tao’s face was filled with happy and sweet smiles, while Wang Ke, the groom, had been looking at her affectionately, and they were extremely loving. The wedding started at 11:30 a.m. and ended at 2:30 p.m. The wedding program was very rich. The bride and groom presented gifts representing their hearts to each other. Liu Tao also showed a self-directed MV, which tells the love story between her and Wang Ke and touched all the guests on the spot. The groom also purchased and moved the chairs they had sat on the street when they met for the first time. Liu Tao was so excited that he cried on the spot. His good friends Lin Xinru and Li Xinjie wiped their tears from time to time. Qin Hailu, the bridesmaid of honor, cried even more. During the toast at the wedding, Liu Tao announced sweetly that he was pregnant and would quit the entertainment circle after marriage. Concentrate on teaching your husband and your son.
What does Liu Tao look like on the cover with his children? What’s the matter?
Since their marriage in 2007, Liu Tao and Wang Ke’s feelings have been very sweet. Participating in “Dear Inn” makes people feel the love between her and her husband Wang Ke. In 2016, the TV play Ode to Joy, starring Liu Tao, won a high reputation. Liu Tao played Andy in it. He interpreted the characters perfectly and left a deep impression on the audience. And Ode to Joy also received a lot of praise.
What does Liu Tao look like on the cover with his children? What’s the matter?
Wang Ke, male, was born on November 3, 1980 in Yantai, Shandong Province. He was once one of the “Four Little People in Beijing” and the husband of famous actress Liu Tao. Wang Ke and Liu Tao met in an elevator in 2007. After 20 days of meeting, they decided to register for marriage and held a grand wedding in Beijing in January 2008 at a cost of 4 million yuan.
On February 26, 2013, Liu Tao updated Chang Weibo to elaborate on the life of her husband Wang Ke since his bankruptcy. Liu Tao said that during the global financial crisis in 2008 and 09, Wang Ke’s business suffered abroad and faced the ugly side of friends’betrayal against their loved ones. Wang Ke began to take sleeping pills to relieve severe insomnia and headache. After that, he would shut himself up and not go out to eat.

佛山桑拿

Gamblers pretend to be principals to defraud more than 100,000 parents

Modern Express News is approaching the beginning of school. Many parents will worry about their children’s enrollment. Wang Mou, a gambler in Suzhou, wrapped himself up as a “principal” in order to raise money for gambling. He falsely claimed that he could get the entrance quota of primary and secondary schools in Taicang City through the relationship, and cheated many people to “pay” more than 160,000 yuan successively. Modern Express reporter learned that recently, after the prosecution of Taicang City Procuratorate, Wang Mou was sentenced to four years and four months’imprisonment for fraud and a fine of 10,000 yuan.
Wang Mou, in his early 30s, was addicted to gambling for many years. After losing his family’s property, he made a living by setting up a floor stall in Taicang 1 Square all the year round. Although he does not earn much money, he knows a lot of people and likes to use the people he knows as a face.
In June 2018, Wang Mou learned in a chat with his friend Chen Mou that Chen Mou’s son had reached the age of enrollment, but could not report to the public because he did not meet the conditions. Wang Mou thought of his neighbour Jiangmou teaching in elementary school. He might be able to help him. He falsely claimed that he knew the leader of the Education Bureau, but he needed 20,000 yuan to “pay a fee” and Chen Mou, who was eager to learn, promised immediately.
Within two months, nine parents, such as Li, Liu and Gu, came to the school. Wang charged a total of 166,000 yuan for every admission quota ranging from 1 to 20,000 yuan, guaranteeing that he would definitely get the admission notice by the end of August. According to word of mouth, everyone called him “Mr. Wang”, and then slowly called him “Principal Wang”. Wang Mou is very satisfied with this title, and is accustomed to calling himself “principal” in public.
Wang Mou, who collected the money, did indeed “get things done”. He sent messages to all the people in the Wechat related to the education system and asked for help in admission. These people either had only one affinity with Wang Mou or had not even met Wang Mou before. Wang Mou’s unreasonable requests were directly rejected by the other party.
As Wang Mou received the money, there was no movement. Parents who had paid the money before were gradually worried about it. They kept urging for progress. More parents were suspicious of wanting to pay back the money.
Seeing that things can not be done, Wang Mou does not intend to “spit out” money again. In order to cover up the fact that he was rejected and stabilize the emotions of parents, Wang Mou had a good idea. He disguised his other micro-signal as “admission teacher” and “education Bureau leader” one after another. He falsified the dialogue and transfer records by sending his own micro-message. The screenshots were sent to parents to make the other party mistake that the money had been given away by Wang Mou as a gift. The matter is in progress.
The parents who still haven’t received the admission notice are very anxious as the beginning of school is approaching. At this time, Wang Mou can’t be connected like evaporation on earth. The parents who have come back to their senses realize that they have been deceived and report to the police one after another.

佛山桑拿

Bank of America Merrill Lynch gives a buy rating for betta: target price of $13

Recently, Bank of America Merrill Lynch released its Betta investment research report. In view of its optimistic long-term value, Bank of America Merrill Lynch based on a price-earnings ratio of 17 times 2021 E/E per share, gave a purchase rating of $13 for the target price of betta, and predicted that the platform had 36% upstream potential.
On the same day, the betta also released its latest quarterly earnings. In the second quarter of 2019, the net revenue of Betta Fish reached 1.87 billion yuan, an increase of 13.2% over the same period last year. Gross profit increased from 32.6 million yuan in the same period in 2018 to 301.1 billion yuan, with an increase of 82.3% in gross profit. The adjusted net profit is 52.6 million yuan, an increase of 274.5 million yuan over the same period in 2018, and the adjusted net profit rate is 2.8%. Overall revenue and profit increased significantly year-on-year, showing a strong upward growth trend of Betta fish.
Traffic advantage is prominent, and the number of users continues to grow
According to Bank of America Merrill Lynch, by the end of 2018, the number of users of the game accounted for 45% and 30% of the total number of live and online game players in China, respectively. According to the Q2 financial report of the betta fish, the platform MAU reached a new high in the second quarter. As of June 2019, the average MAU of the platform has reached 162 million, and mobile MAU has reached 50.6 million.
With the rapid development and integration of the industry, the head platform effect is aggravated, and Betta Fish has the ability to attract more high-quality anchors to join, and to differentiate the management of anchors. At present, fighting fish has become the industry’s most anchored game live broadcasting platform. There is no doubt that excellent anchors will play a role in promoting the growth of MAU, which will further consolidate the leading position of the Chinese game live broadcasting platform in the industry, ultimately scale to promote efficiency and enhance liquidity.
Bank of America Merrill Lynch research forecasts that Betta PC and mobile terminals will continue to grow at a high speed in the future. In 2018-2021, the annual growth rate of Betta will reach 14%, the total platform MAU will reach 203 million, the mobile penetration rate will reach 41%, and the mobile MAU will reach 83 million.
Increase profitability, future liquidity can be expected.
In the second quarter, the overall revenue of Betta was excellent. Bank of America Merrill Lynch pointed out that the main reasons for the improvement of Betta profitability are lower content costs, higher user fee rates and higher payroll numbers, which are driven by the Betta Fish to create a benign content ecosystem. According to Bank of America Merrill Lynch statistics, the content cost of Betta Fish has declined year by year with the benign regulation and control of anchor cost sharing. By 2018, the proportion of platform content cost has dropped to 27%. Analysts believe that the cost of content will also be reduced in the future, and the proportion of content cost is expected to drop to 13% by 2021.
Due to the increased participation of Betta users. With the increasing of high-quality content of the platform, its operational capacity is also significantly enhanced. According to public data, the number of users paying for Betta reached 6.7 million in the second quarter of 2008, an increase of 123.3% compared with 3 million in the second quarter of 2018; the average ARPPU reached 256 yuan, an increase of 14.3% over the same period of last year, of which the revenue of the game sector increased by 180% and the payment rate reached 4.1%, an increase of 1.7 percentage points over the same period of last year.
According to the comprehensive calculation of Bank of America Merrill Lynch financial data, the annual compound growth rate of Betta income in 2018-2021 is about 52%, which will reach 12.9 billion yuan. By 2021, the real-time live broadcasting revenue of Betta will contribute more than 90% of the revenue. It is estimated that by 2021, the payment conversion rate of Betta users will increase to about 5.2%. User payment conversion rate will be greatly improved, which will be conducive to the future profitability of Betta fish.
Net profit is expected to reach 1.9 billion yuan by 2020.
Merrill Lynch of Bank of America believes that the core advantages of Betta are richer games, e-sports content, exclusive anchor strategy, and the huge liquidity potential brought by the growing user base, which will push the price-earnings ratio of Betta back from 13 times to 17 times the average price-earnings ratio of the same industry. 。 Based on a 17-fold P/E estimate, there is about 36% room for Betta to rise.
According to the study, the game-centric content management model, which is based on a large user base, can support the ultimate profitability of the game and improve the profitability of the game. As a result, Betta has a high growth potential in the future and a shorter profit cycle than similar platforms.
Bank of America Merrill Lynch predicts that Betta will achieve profit-loss balance in 2020, net profit will reach 1.9 billion yuan and earnings per share will reach 5.2 yuan, which means that the earnings per share of Betta is expected to increase by more than 80% year on year by 2021.

佛山桑拿

The new Volkswagen Tournament was released or debuted in early 2020

A few days ago, overseas, I exposed a set of effect maps of the new Volkswagen Atla (the domestic version of SAIC Volkswagen Tournament) according to the media. Compared with cash models, the design of front and rear lights and central network has been adjusted. It is reported that the new car is expected to appear in early 2020.
From the exposure effect chart, the new Volkswagen Atla has been designed and adjusted in both front and tail, but it uses a completely new design of headlamp set, the style of the central network has changed, and both sides of the fog lamp may be integrated into the main lamp.
On the tail side, the shape of the lamp group has also been adjusted, and other changes are not obvious. At present, there are no pictures of the interior changes of the new car, but as a modified model, the new car will continue to be designed for sale, but it is expected to upgrade the multimedia entertainment system.
In terms of power, the new car will continue to carry a 2.0T/3.6L V6 engine, the former with a maximum power of 238 horsepower, the latter with a maximum power of 280 horsepower. The transmission system matches an 8-speed automatic transmission and provides four-drive system for selection. Domestic Volkswagen Tournament is expected to be upgraded by the end of this year or early next year.

佛山桑拿

Lexin’s second quarter revenue of 2.5 billion yuan rose 22.2% year-on-year.

By the end of the second quarter of 2019, Lexin households had broken through 50 million, reaching 50.2 million, up 71.7% from 29.2 million in the same period last year; the number of credit-granting households was 13.5 million, up 50.7% from 8.9 million in the same period last year; the number of active users was 4.1 million, up 51.9% from 2.7 million in the same period last year;
Tencent News “Front Line” Wang Pan
On August 30, Beijing Time, China Financial Technology Enterprise Letter (NASDAQ: LX) released its unaudited financial performance in the second quarter of 2019. Thanks to the new consumption platform strategy, Lexin households grew strongly, with revenue of 2.5 billion yuan, an increase of 22.2% over the same period last year, showing double-digit growth for seven consecutive quarters since listing.
According to the financial report, Lexin has raised its annual trading scale from 90 to 100 billion yuan (the same below) to 115 billion yuan.
By the end of the second quarter of 2019, Lexin users had broken through 50 million, reaching 50.2 million, up 71.7% from 29.2 million in the same period last year; the number of credit-granting users was 13.5 million, up 50.7% from 8.9 million in the same period last year; the number of active users was 4.1 million, up 51.9% from 2.7 million in the same period last year; and the number of new active users increased by 1.3 million in a single quarter, up significantly from 514 million in the same period last year. It’s 153% long.
User growth has led to a substantial increase in the size of Letterman’s business. In the second quarter, Lexin platform contributed to borrowing 26 billion yuan, up 57% from 16.6 billion yuan in the same period last year, and the loan balance was 40.6 billion yuan, up 64.5% from 24.7 billion yuan in the same period last year. Asset quality performance remained stable, with the overdue rate of 1.49% over 90 days.
In the second quarter, Lexin recorded revenue of 2.5 billion yuan, an increase of 22.2% over the same period last year of 2.04 billion yuan; gross operating profit of 1.1 billion yuan, an increase of 26.6% over the same period last year of 870 million yuan; non-GAAP EBIT of 776 million yuan, an increase of 28.8% over the same period last year of 602 million yuan, net profit of 628 million yuan, with one-time deferred post deducted from the same period last year. Net profit after tax increases by 34%.
Based on this growth momentum, Lexin is expected to increase its borrowing amount to more than 115 billion yuan, a 74% increase compared with the total amount of 66.1 billion facilitated borrowing last year. At the beginning of the year, the company’s total amount of facilitated borrowing is expected to be 90-100 billion yuan, which is 25 billion yuan higher than the lower limit of the previous value.
Financial technology revenue is still the fastest growing part of Lexin. In the second quarter of 2019, Lexin’s revenue from financial technology through its services to various financial institutions reached 1.2 billion, up 148% from 490 million in the same period last year.
In addition, the second quarter results show that the GMV of Philadelphia Mall reached 1.9 billion, an increase of 24.1% over the same period of last year’s 1.5 billion, significantly ahead of the growth rate of total retail sales in the same period (8.4%).
Lexin CEO Xiao Wenjie said, “We are very happy to see that the new consumer platform strategy has brought us strong user growth. Since this year, around the consumption needs of high-quality and high-growth groups, Lexin’s new consumption platform strategy in three aspects of scenario, finance and equity is building a broader ecological system. Through the brand-new rights and interests consumption platform Leka', Lexin connects a large number of high-quality head businesses, provides various kinds of consumer rights and interests for new consumers, and creates asuper member’system empowering both ends. We also provide users with staged consumption services in a broad offline consumption scenario through `Lehua Card’. It improves the scenario advantage and the ability to get visitors.
“The strong growth in the second quarter proves the great potential of the new consumption platform strategy. We have every reason to believe that the technology accumulation and reserve of Lexin in artificial intelligence and big data in the past six years can provide all-round new consumer services for millions of users and support Lexin to step up to a new level of transaction scale of hundreds of billions. Xiao Wenjie said.
AI Anti-fraud Ability Improvement
In the second quarter of 2019, Lexin spent 99.7 million yuan on R&D, an increase of 27% over last year. In the listed financial science and technology enterprises, Lexin financial science and technology investment intensity, R&D personnel proportion, are in the leading position. In July 2019, Lexin won the Best Credit Technology Project Award of China for “Asian Bankers” in 2019.
Through big data and AI technology, Lexin improves efficiency and reduces risks in commodity recommendation, wind control and operation. At present, Lexin has made progress in many machine learning applications such as complex network, receiving address clustering analysis, LBS information clustering analysis, user behavior sequence analysis, public opinion analysis and so on.
At present, Lexin Intelligent Wind Control Engine “Eagle Eye” order automation audit rate reached 98%, large-scale small financial assets processing technology platform “wormhole” financing matching success rate reached 93%. In the second quarter, the negative rate of Lexin over 90 days was 1.49%.
In the second quarter, Lexin reached cooperation with more financial partners. At the Partnership Conference held in that quarter, Lexin signed strategic cooperation agreements with dozens of large state-owned banks, insurance companies and consumer finance companies, including ICBC and Minsheng Bank. The cooperation covers many fields, such as financial science and technology, intelligent marketing, etc. 。 At present, the number of Lexin’s financial partners has exceeded 100. In the second quarter, nearly 80% of the new lending on the Letterman platform came from financial institutions.

佛山桑拿

Airline meals have shrunk dramatically and passengers’interests should not be overlooked.

Recently, many airline passengers have reported that since August, when they take domestic flights, they clearly feel that the quality of meals and service provided by airlines has been seriously reduced, whether in economy or business class. “Airplanes at 7:30 a.m. in the morning will issue several packages of snacks to deal with it,” and “Business class now eats, It’s not enough to plug the gap between the teeth, “even some netizens sunned it out, and only five pieces of fruit and two pieces of snacks were distributed in their business class.
In response, the airline explained that the “shrinkage” of airplane meals was related to higher requirements for flight safety put forward by the regulatory authorities.
According to the relevant system, these airlines cut the operation of aircraft meals is justifiable, there is no violation.
On October 16, 2012, the Civil Aviation Administration issued document 96, Opinions on Strengthening the Safety Management of Passenger Cabin, which requires that the service standards established by airlines should take full account of the completion time of crew members. The flight attendant can only perform safety duties within 20 minutes after takeoff and 30 minutes before landing. Under this regulation, the service time of flight attendants will indeed be shortened, especially the catering service procedure will be affected.
In line with this line of thought, the relevant airline interpretation is indeed compliant. But the public does not buy it, and many people also react against it. Now the general trend of all industries is “service upgrading”. At present, airfares have not been significantly reduced, and “degrading (food quality) without price reduction” is equivalent to service degrading. The voice of the airlines is undoubtedly worth facing up to.
In fact, before and after the introduction of document 96, the public has long expressed dissatisfaction and doubts about the phenomenon of simplification or cancellation of meals in some airlines. It is also reasonable that the collective action of several airlines coincided with each other because of the “excessive” action, which once again aroused strong public reaction.
Public discontent and doubts mainly come from simple horizontal and vertical comparisons.
Horizontally, compared with the meals of foreign airlines, domestic airlines’meals often make passengers feel that there is room for improvement. Now, without further improvement and simplification without clear price concessions, some passengers feel deprived. There are already strict requirements for security, and it is doubtful to explain the shrinkage of services.
It should be pointed out here that overseas airlines are less likely to cancel meals due to more cross-border routes and longer voyages. A simple comparison may not be appropriate.
But now, the public in the analysis of the meal shrinkage incident, more from the negative side of speculation – such as the main purpose of reducing costs, rather than from a positive understanding of the company’s “more stringent security” intention, the emotions behind can not be ignored.
Although airlines have the autonomy to operate and the freedom to take action to safeguard their safety, in this process, they need to respect the passengers’right to know and feel as much as possible, and communicate fully with passengers and the public. It’s hard to say enough simply to say “in accordance with the regulations of the regulatory authorities”.
Many airlines are based on document No. 96, the essence of which is people-oriented, requiring a satisfactory balance between safety and service. In other words, cabin safety should be guaranteed and service level should not be affected, which also includes meal service and related communication and interpretation work.
Airplane meals seem trivial, but the handling and response to them can truly reflect the company’s service concept and attitude, not to be neglected.

佛山桑拿