博乐| 广丰| 海伦| 阳山| 绛县| 武宁| 海兴| 姜堰| 隆昌| 麦积| 文山| 香河| 雁山| 莘县| 张家港| 合山| 陈巴尔虎旗| 乐至| 集安| 佛冈| 唐河| 科尔沁右翼中旗| 寿阳| 江达| 涿州| 东平| 蒙山| 岳池| 鄂州| 马鞍山| 横峰| 勐腊| 宿豫| 苏尼特右旗| 柯坪| 陆川| 洪湖| 大渡口| 菏泽| 峨眉山| 贵德| 秭归| 元氏| 南靖| 察布查尔| 井陉| 达县| 湘乡| 揭阳| 婺源| 东明| 淮北| 黔江| 郾城| 甘孜| 津南| 浦城| 新建| 焉耆| 蔚县| 赵县| 宣汉| 容城| 蕉岭| 高台| 鄂州| 资兴| 咸阳| 六合| 鄂尔多斯| 洋山港| 泰宁| 东港| 庆元| 张掖| 醴陵| 乌尔禾| 景德镇| 花莲| 射阳| 西乡| 扎兰屯| 迭部| 张家川| 贵溪| 北辰| 横山| 海林| 昌宁| 许昌| 罗定| 长安| 西华| 开阳| 习水| 红星| 襄垣| 嘉禾| 同江| 凤凰| 黄石| 汶川| 永年| 达孜| 江阴| 公主岭| 蓬莱| 陆丰| 灵台| 湟中| 扶风| 宜川| 唐县| 开化| 大埔| 绥滨| 怀化| 云集镇| 武清| 花垣| 通海| 康定| 隰县| 高县| 洛隆| 石河子| 察雅| 博兴| 华亭| 连江| 日土| 平潭| 农安| 牟定| 久治| 合阳| 察布查尔| 滨州| 平果| 吉林| 阿荣旗| 潮安| 顺昌| 常德| 娄烦| 周宁| 甘谷| 平鲁| 桐柏| 固原| 连城| 腾冲| 武昌| 信阳| 延安| 盐都| 镇康| 伊金霍洛旗| 九龙坡| 玛沁| 平陆| 利辛| 丰台| 武鸣| 平罗| 常熟| 科尔沁右翼前旗| 南江| 宝坻| 梁河| 天水| 安义| 潢川| 闵行| 睢宁| 宜丰| 八达岭| 金山屯| 南通| 开远| 泾阳| 定边| 岑巩| 新泰| 壤塘| 廉江| 红原| 阿城| 潞西| 永福| 凌云| 新晃| 龙岩| 宜昌| 凤台| 潞西| 水城| 下花园| 古交| 工布江达| 宿豫| 文登| 全椒| 石城| 灵丘| 莱州| 大新| 乌兰察布| 召陵| 疏附| 呼玛| 西峡| 仁化| 博罗| 綦江| 成都| 胶南| 宜州| 镇安| 恒山| 剑川| 南岔| 石景山| 本溪市| 华山| 高县| 大厂| 昌宁| 甘南| 德兴| 咸阳| 清丰| 虎林| 鄢陵| 渑池| 福泉| 尼玛| 汾阳| 苏尼特右旗| 盘锦| 镇雄| 红古| 克什克腾旗| 邹平| 洛川| 平坝| 睢县| 山阳| 松阳| 宝山| 达尔罕茂明安联合旗| 同仁| 清河门| 云阳| 平谷| 奈曼旗| 临潼| 涟源| 铜陵市| 大渡口| 宜秀| 灵丘| 那曲|

车讯:5座/7座可选 东风风光580将6月21日上市

2019-09-21 10:38 来源:大公网

  车讯:5座/7座可选 东风风光580将6月21日上市

  PhototakenonJune7,2018showsexhibitsattheAfricanArtExhibitioninsouthwestChina(Xinhua/WangQuanchao)AcuratorintroducestheAfricanArtExhibitionheldinsouthwestChinasChongqing,June7,(Xinhua/WangQuanchao)JournaliststakephotosattheAfricanArtExhibitioninsouthwestChinasChongqing,June7,(Xinhua/WangQuanchao)PhototakenonJune7,2018showsexhibitsattheAfricanArtExhibitioninsouthwestChina(Xinhua/WangQuanchao)AjournalisttakesphotosattheAfricanArtExhibitioninsouthwestChinasChongqing,June7,(Xinhua/WangQuanchao)Special:WiththeShanghaiCooperationOrganization(SCO)roundingoffafruitfulsummitinthiseasternChinesecoastalhub,thecross-continentalinstitutionsfirstsummitafterIndiaandPakistanjoinedChina,Kazakhstan,Kyrgyzstan,Russia,,,theSCOhasgrownintothelargestregionalorganizationforcomprehensivecooperationintheworld,,i,asthesummitdemonstrated,havethewilltotakeontheirresponsibilities,,cooperation,equality,openness,inclusivenessandmutualbenefit,andworkwiththeUnitedNationsandotherinternationalandregionalorganiz,includingthelandmarkQingdaoDeclarationandafive-yearactionplanforimplementingtheTreatyonLong-TermGood-Neighborliness,FriendshipandCooperationoftheSCOMemberStates,heSCOmembershavefurtherenhancedpoliticalmutualtrustandreachednewconsensusonthedirectionandguidelinesoftheSCO,theSCOhasunwaveringlyadheredtoitsbedrockprinciple--theShanghaiSpirit,whichfeaturesmutualtrust,mutualbenefit,equality,consultation,,SCOmembershavecarriedoutproductivecooperationinvariousareas,includingsecurity,smembers,andturnedtheins,thecombinedGDPoftheSCO,,,SCOcountries,sworld,,ChinesePresidentXiJinpingofferedChinasinsightsonsecurity,development,cooperation,civilizationandglobalgovernance,whichhavesguidelinesthattheorganizationhasenjoyedimpressivegrowthandbecomeamodelforbuildingtheChina-championednewtypeofinternationalrelations,whichfeaturesmutualrespect,fairnessandjustice,,theSCOwillcertainlymakenewstridestowardanevenbrighterfutureand,undertheguidanceoftheirpoliticalconsensus,theSCOmembersaresettofurthercementtheirsolidarityandthebasisoftheorganization,,thesubstantialachievementsoftheQingdaosummit,alongwithpreviousagreements,willinfusemorevigorintotheall-roundcooperationamongSCOmembers,andunlockmoreoftheorganization,SCOleadershavealreadyagreedtoinitiateorstrengthencooperationinsuchareasascounternarcotics,tourism,customs,tradefacilitation,foodsecurity,environmentalprotection,srisingroleandincreasinginfluenceintheworld,anSCOstridingtowardabrighterfuturewillbringbenefitsnotonlytotheregionbutalsototheworldatlarge.

VolunteerscleanwasteonbeachinDongshanCounty,southeastChinasFujianProvince,,,aUN-designateddayheldannuallyonJune8,aimstoarousepeoplesconsciousnesstopreserveoceansonEarth.(Xinhua/SongWeiwei)VolunteersfreefriesinSanya,southChinasHainanProvince,June6,,aUN-designateddayheldannuallyonJune8,aimstoarousepeoplesconsciousnesstopreserveoceansonEarth.(Xinhua/ChenWenwu)MembersofChinasAntarcticexpeditionputamicroplasticcollectorintothesea,,,aUN-designateddayheldannuallyonJune8,aimstoarousepeoplesconsciousnesstopreserveoceansonEarth.(Xinhua/BaiGuolong)CleanersclearthefloatingwasteinthefishbreedingraftsinHuangqiTownshipofLianjiangCounty,southeastChinasFujianProvince,June6,,aUN-designateddayheldannuallyonJune8,aimstoarousepeoplesconsciousnesstopreserveoceansonEarth.(Xinhua/JiangKehong)ChinasmannedsubmersibleJiaolongispreparedtodiveintheYapTrenchinthewestPacific,June13,,aUN-designateddayheldannuallyonJune8,aimstoarousepeoplesconsciousnesstopreserveoceansonEarth.(Xinhua/LiuShiping)PearlcultivatorstransfershellsatapearlcultivationfarminBeihaiCity,southChinasGuangxiZhuangAutonomousRegion,,,aUN-designateddayheldannuallyonJune8,aimstoarousepeoplesconsciousnesstopreserveoceansonEarth.(Xinhua/ZhangAilin)AlittlegirlstaysatacampinQingdaoHaichangPolarOceanParkinQingdao,acoastalcityineastChinasShandongProvince,May19,,aUN-designateddayheldannuallyonJune8,aimstoarousepeoplesconsciousnesstopreserveoceansonEarth.(Xinhua/LiZiheng)AseaweedharvestboatsailsataseaweedfarminSanshaTownshipinXiapuCounty,southeastChinasFujianProvince,,,aUN-designateddayheldannuallyonJune8,aimstoarousepeoplesconsciousnesstopreserveoceansonEarth.(Xinhua/JiangKehong),2018showsthesceneryofXinyingmangrovenationalwetlandparkinsouthChina,aUN-designateddayheldannuallyonJune8,aimstoarousepeoplesconsciousnesstopreserveoceansonEarth.(Xinhua/JiangEnyu)PhototakenonJune10,2018showsagiantpandabornlastyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsgiantpandasbornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplayonasunnyday.(Photo:ChinaNewsService/AnYuan)

  PolandsRobertLewandowski(2ndL)attendsatrainingsessionaheadofthe2018RussiaWorldCup,inWarsaw,Poland,onJune11,2018.(Xinhua/MaciejGillert)PolandsRobertLewandowskiattendsatrainingsessionaheadofthe2018RussiaWorldCup,inWarsaw,Poland,onJune11,2018.(Xinhua/MaciejGillert)FrancesPaulPogba(1stL)attendsatrainingsessionaheadoftheRussia2018WorldCupinMoscow,Russia,June11,2018.(Xinhua/WuZhuang)FrancesOlivierGiroud(L)attendsatrainingsessionaheadoftheRussia2018WorldCupinMoscow,Russia,June11,2018.(Xinhua/WuZhuang)FrancesAntoineGriezmann(L)attendsatrainingsessionaheadoftheRussia2018WorldCupinMoscow,Russia,June11,2018.(Xinhua/WuZhuang)FrancesKylianMbappeattendsatrainingsessionaheadoftheRussia2018WorldCupinMoscow,Russia,June11,2018.(Xinhua/WuZhuang)FrancesPaulPogba(L)attendsatrainingsessionaheadoftheRussia2018WorldCupinMoscow,Russia,June11,2018.(Xinhua/WuZhuang)FrancesgoalkeeperHugoLlorisattendsatrainingsessionaheadoftheRussia2018WorldCupinMoscow,Russia,June11,2018.(Xinhua/WuZhuang)FrancesKylianMbappeattendsatrainingsessionaheadoftheRussia2018WorldCupinMoscow,Russia,June11,2018.(Xinhua/WuZhuang)FrancesKylianMbappe(R)attendsatrainingsessionaheadoftheRussia2018WorldCupinMoscow,Russia,June11,2018.(Xinhua/WuZhuang)FrancesplayersattendatrainingsessionaheadoftheRussia2018WorldCupinMoscow,Russia,June11,2018.(Xinhua/WuZhuang)AdamNawalka(C),headcoachofPoland,talkstotheplayersduringatrainingsessionaheadofthe2018RussiaWorldCup,inWarsaw,Poland,onJune11,2018.(Xinhua/MaciejGillert)PolandsRobertLewandowski(LFront)attendsatrainingsessionaheadofthe2018RussiaWorldCup,inWarsaw,Poland,onJune11,2018.(Xinhua/MaciejGillert)PhototakenonJune10,2018showsagiantpandabornlastyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsgiantpandasbornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplayonasunnyday.(Photo:ChinaNewsService/AnYuan)

  ChinesePresidentXiJinping(6thR,front)posesforagroupphotowithotherleadersandguestsaheadofthe18thMeetingoftheCouncilofHeadsofMemberStatesoftheShanghaiCooperationOrganization(SCO)inQingdao,eastChinasShandongProvince,June10,(Xinhua/GaoJie)ChinesePresidentXiJinpingchairsthe18thMeetingoftheCouncilofHeadsofMemberStatesoftheShanghaiCooperationOrganization(SCO)inQingdao,eastChinasShandongProvince,June10,(Xinhua/LiXueren)ChinesePresidentXiJinpingchairsthe18thMeetingoftheCouncilofHeadsofMemberStatesoftheShanghaiCooperationOrganization(SCO)inQingdao,eastChinasShandongProvince,June10,(Xinhua/LiXueren)The18thMeetingoftheCouncilofHeadsofMemberStatesoftheShanghaiCooperationOrganization(SCO)isheldinQingdao,eastChinasShandongProvince,June10,(Xinhua/DingLin)XiJinping,presidentofChinathatholdstherotatingpresidencyoftheShanghaiCooperationOrganization(SCO),addressesajointpressconferenceattheSCOsummitinQingdao,eastChinasShandongProvince,June10,,KazakhPresidentNursultanNazarbayev,KyrgyzPresidentSooronbayJeenbekov,PakistaniPresidentMamnoonHussain,RussianPresidentVladimirPutin,TajikPresidentEmomaliRahmonandUzbekPresidentShavkatMirziyoyevalsoattendedthepressconference.(Xinhua/YanYan)FrancenationalsoccerteamarriveattheSheremetyevointernationalairport,outsideMoscow,Russia,June10,2018tocompeteinthe2018WorldCupinRussia.(Photo/Agencies)EgyptiannationalsoccerteamplayerandLiverpoolsstarstrikerMohammedSalaharriveswiththeEgyptnationalsoccerteamatanairportoutsideGrozny,Russia,June10,day.(Photo/Osports)EgyptiannationalsoccerteamplayerandLiverpoolsstarstrikerMohammedSalaharriveswiththeEgyptnationalsoccerteamatanairportoutsideGrozny,Russia,June10,day.(Photo/Osports)AntoineGriezmanncarrieshisbaggageastheFrancenationalsoccerteamarriveattheSheremetyevointernationalairport,outsideMoscow,Russia,June10,2018tocompeteinthe2018WorldCupinRussia.(Photo/Agencies)OlivierGirouddisembarkstheplaneastheFrancenationalsoccerteamarriveattheSheremetyevointernationalairport,outsideMoscow,Russia,June10,2018tocompeteinthe2018WorldCupinRussia.(Photo/Agencies)PaulPogbadisembarkstheplaneastheFrancenationalsoccerteamarriveattheSheremetyevointernationalairport,outsideMoscow,Russia,June10,2018tocompeteinthe2018WorldCupinRussia.(Photo/Agencies)UruguaysLuisSuarezarrivesatanairportinNizhnyNovgorod,Russia,June10,2018.(Photo/Agencies)UruguaysEdinsonCavaniarrivesatanairportinNizhnyNovgorod,Russia,June10,2018.(Photo/Agencies)UruguaysEdinsonCavaniarrivesatanairportinNizhnyNovgorod,Russia,June10,2018.(Photo/Agencies)FansgreetUruguaysnationalsoccerteamplayersastheyarriveatanairportinNizhnyNovgorod,Russia,June10,2018.(Photo/Agencies)PerusJeffersonFarfánarrivesattheSheremetyevointernationalairport,outsideMoscow,Russia,tocompeteinthe2018WorldCupinRussia.(Photo/Agencies)PerusPaoloGuerreroarrivesattheSheremetyevointernationalairport,outsideMoscow,Russia,tocompeteinthe2018WorldCupinRussia.(Photo/Agencies)

PhototakenonJune10,2018showsagiantpandabornlastyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsagiantpandabornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplaysonasunnyday.(Photo:ChinaNewsService/AnYuan)PhototakenonJune10,2018showsgiantpandasbornthisyearattheChinaConservationandResearchCenterfortheGiantPandaplayonasunnyday.(Photo:ChinaNewsService/AnYuan)

  BicyclecartsandbamboobirdcagesQianmenDashilar2015.(PhotobyBruceConnolly/)Inthe1990s,whiletravelingthroughBeijingtowardsouthwestChinaIwouldalwaysspendafewdaysincreasingmyknowledgeofthecity’“Qianmen-Dashilar”appearedinmydiarynotesfromthosedays—anareaIdiscoveredtobebustlingwithstreetlifewhileretainingmuchofthecapital,acafeoverlookingthemassiveZhengyangmenGatecomplex,Iatebreakfast,satatthewindowanddreamed—dreamsofBeijing,theareaIwasinanditsmanyfacetsandepisodeswithinthecity’,butthelocalnameWestHeyanStreet,orWestRiverbankStreet,(ArrowTower)isonthecity’,“FrontGate”oftheMingDynastywallsseparatingtheimperialgrandeurofthenorthfromthevibrant,,re,(PhotobyBruceConnolly/)ItwassouthalongthatroutetheemperorswouldbecarriedtowardstheTempleofHeavenforritualceremoniesbutitwasalsothroughtheJianloupassagewaywhereofficialsandtheirfamilieswouldemergeintothebustlingareasofQianmenandDashilar,ascommerceandentertainmentwektoweroftheformerZhengyangmenRailwayStation—theoriginal“Beijingstation”,,andanelemen,(PhotobyBruceConnolly/)Nextdoor,onQianmenEastStreet,theBeijingPlanningExhib,andbeamazedatthehaphazardlenortharoundDongsi,XisiandZhonggulou,’snarrowestalley,Qianshior“moneymarket”Hutong,,with26mintsproducingcoppercoinsforthecity’,particularlyitswesternside,washometoseveralofChina’searlyfinancialhouses—indeed,walkalongWestHeyanStreetandthereareseverallargeEuropeanclassica,,,atthattime,fascinatingdiscoveriesthroughareasofmainlylow-riseresidentialandcommercialbuildings,includingthe“UndergroundCity”—amazeofanti-nuclearevacuationtunnelsthatwereopentovisitorsatthattime,(PhotobyBruceConnolly/)How,itsfamed“TimeHonoredBrands”—shopsrenownedfortheirhats,silks,foodstuffs,’sfirstcinema,Daguanlou,,featuringasculptureofthefatherofChinesecinema,dong,,itsprestige,runningsouthfromQianmentoZhushikouWestStreet,datesfrom2008andwasmodified,DashilarWestStreetwaspedestrianizedintoacommerciallaneandhomeforlocalprodu(PhotobyBruceConnolly/)Simplyleavingthemainbywaycanleadintoalleyslinedwi—therewouldbemanycol,DashilarisbeingseenbytravelguideslikeLonelyPlanetasbecominga”hip”’slocal-styleArtDecobuildingsbecomingcentersforcontemporaryart,erseasbackpackersandtravelers,peoplewhoprefertospendtimeinlocalareasfilleoundingrooftops,whilelookingdownonthevarietyofdomesticandWester’,studentsoftengohomebybicyclecarts,,Tan’erleadstonorth-runningYanshouStreet,shistory,andforaphotographer,aplacetoca(PhotobyBruceConnolly/)TodaytheQianmen-DashilararearemainsasasmallenclavewithinthegreaterareaofBeijing,butitsmanysurviving,twisting,mindedmemoreofavillagewithinacity,ramswhileschoolchildrenplayedont,—thepeoplewhomakethisoneofthemostfascinatingpartsofoldBeijingtoexplore,andwhere(PhotobyBruceConnolly/)QianmenDajieandJianlouTower2015.(PhotobyBruceConnolly/)Remindersofthepast-formerhomesandformerfactorybuildingsineasternQianmen2015.(PhotobyBruceConnolly/)RooftopsandtraditionalbuildingsofDashilarandQianmen2015.(PhotobyBruceConnolly/)Schoolisout!TanerHutong2015.(PhotobyBruceConnolly/)TheschoolrunTanerHutongDashilar2015.(PhotobyBruceConnolly/)ThesecuritymanandvistortoDashilar2015.(PhotobyBruceConnolly/)TraditionalfoodsinDashilar2015.(PhotobyBruceConnolly/)

  PhototakenonJune11,2018showstheKing’sTroopRoyalHorseArtilleryfireda41-gunsaluteinHydePark,London,tomarkPrincePhilips97thbirthday.(Photo/Agencies)PhototakenonJune11,2018showstheKing’sTroopRoyalHorseArtilleryfireda41-gunsaluteinHydePark,London,tomarkPrincePhilips97thbirthday.(Photo/Agencies)PhototakenonJune11,2018showstheKing’sTroopRoyalHorseArtilleryfireda41-gunsaluteinHydePark,London,tomarkPrincePhilips97thbirthday.(Photo/Agencies)TeachersencourageexamineesatanexamvenueinGuiyang,capitalofsouthwestChinasGuizhouProvince,June7,mination,whichtakesplacefromJune7to8.(Xinhua/TaoLiang)ExamineeswaittoenteranexamvenueatLhasaMiddleSchoolinLhasa,capitalofsouthwestChinasTibetAutonomousRegion,June7,mination,whichtakesplacefromJune7to8.(Xinhua/LiuDongjun)AteacherdistributesIDcardsandstationerytoexamineesatanexamvenueinChengdu,capitalofsouthwestChinasSichuanProvince,June7,mination,whichtakesplacefromJune7to8.(Xinhua/JiangHongjing),capitalofeastChinasAnhuiProvince,June7,mination,whichtakesplacefromJune7to8.(Xinhua/ZhangDuan)AstaffmemberchecksthecredentialsofexamineesatanexamvenueinBeijing,capitalofChina,June7,mination,whichtakesplacefromJune7to8.(Xinhua/LuoXiaoguang)AnexamineeclapshandswithherteacherbeforeenteringanexamvenueinXian,capitalofnorthwestChinasShaanxiProvince,June7,mination,whichtakesplacefromJune7to8.(Xinhua/ZhangBowen)ExamineesenteranexamvenueatHainanMiddleSchoolinHaikou,capitalofsouthChinasHainanProvince,June7,mination,whichtakesplacefromJune7to8.(Xinhua/GuoCheng)AstudentencouragesexamineesatanexamvenueinBeijing,capitalofChina,June7,mination,whichtakesplacefromJune7to8.(Xinhua/ShenBohan),capitalofChina,June7,mination,whichtakesplacefromJune7to8.(Xinhua/ShenBohan)

  Chinafinishedthe2018FINADivingWorldCup2018withacleansweepofall11goldmedalsonoffer,afterOlympicchampionsChenAisenandthepairofShiTingmaoandChangYanibroughthomethehostnation,wholedthefirstfourdivesdespitemakingamistakeinhis207Bdive,stayedcoolinhisfinaltwodivestolifthisfirstindividualWorldCuptitleinthemen,,,Yangmadeanerrorinhislast109B,,Chennotedhissurpriseathavingwondespiterecentsetbacks."Itwwinter,"Meanwhile,24-year-oldYangwasabletoconsolehimselfwitharousingrenditionof"HappyBirthday"fromlocalfans,andexplainedwhyhefelthehadlostouttoChen."Itwasapitytoonlyscoreasilvermedalasabirthdaygift,butI"Inthewomens3mspringboardsynchro,defendingchampionsShiTingmaoandChangYanidominatedthefield,,aheadoftheC,"WearehonoredtosealvictoryintheWorldCupsfinalevent,"Shisaid."WedidagreatjobinfrontofthehomefansandhelpedChinasecureacleansweepofgolds."The2018FINADivingWorldCupsaw296diversfrom26countriesandregionstakingpartacrossthetournamentssevendays.

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【深度】滴滴是一场击鼓传花的资本游戏吗?

sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)TherequirementoftheroyalsletBeijingembroideryblossomintheMingandQingdynasties(1368-1911)sinceitwasbornintheTangDynasty(618-907).Anditgotanothername,royalembroidery,inancientChina,Beijingembroiderywasfollowedbymanycommonworkshops,becomingoneofthe"EightWondersofYanjing",sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)TherequirementoftheroyalsletBeijingembroideryblossomintheMingandQingdynasties(1368-1911)sinceitwasbornintheTangDynasty(618-907).Anditgotanothername,royalembroidery,inancientChina,Beijingembroiderywasfollowedbymanycommonworkshops,becomingoneofthe"EightWondersofYanjing",sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)Comparedtoothertraditionalembroideries,suchastheworksfromSuzhouandHunan,Beijingembroideryisknownforitsrichhuedcolors,,,thecraftswerelistedasanationalintangibleculturalheritage,,sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)Thefounder,YuDan,broughtherworks,aseriesoffineclothesdazzlingwithBeijingembroiderytoashowatthePrinceKung,fromtoddlerstoyoungwomentoagedcouples,sdailylifeinformsofmoderndesign,sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)Thedesigneraddedlighthuesintheseries,includingpaleblueandlightpink,tomaketheclothesmoresuitablefordailywear."Basedonthetraditionalcrafts,wealsocreatesomenewpatterns,,lilyflowerwasnotincluded,butnowweuseitonmanyofourclothes,",sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)"Theseclientsdontthinktheyhaveenoughconfidencetowearsuchclotheswithpowerfulanimalpattern,",YuestabsMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)sMansioninBeijing,June8,"SplendidChina:ChinaIntangibleCulturalHeritageFashionShow",oneactivityofthe2018CulturalandNaturalHeritageDay.(Photo/ChinaDaily)


来源:老夏炒饭

在现有业务受阻,新业务遥遥无期时,处境尴尬的滴滴却完成了新一轮55亿美金的融资,估值高达500亿美金。

砺石导语:在现有业务受阻,新业务遥遥无期时,处境尴尬的滴滴却完成了新一轮55亿美金的融资,估值高达500亿美金。在这500亿美金估值背后,是滴滴的真实价值体现?还是投资者操纵的一场击鼓传花的资本游戏?

 

滴滴到底值多少钱,这一直是中国资本市场的一个迷。

而就在2017年“五一”小长假前一天,滴滴出行给出了新答案。滴滴完成最新一轮融资,融资金额55亿美元,经过这一轮融资之后,滴滴的估值高达500亿美元。相比2016年郭台铭旗下的鸿海精密投资滴滴时的340亿美元估值,又有了大幅提升。

据悉,该轮融资主要来自于交通银行、招商银行、软银和银湖资本四家投资公司。其中银湖资本属于新晋投资公司,此外三家公司都是滴滴的历史股东。

对于一个成立不到5年的创业公司而言,滴滴的融资额度与资本估值举世罕见、让人匪夷所思。

滴滴的估值成谜

500亿美金,已经超过了京东的486亿美金与网易的349亿美金,距离百度的619亿美金也只有一步之遥。按照一家已经实现规模化赢利的成熟企业估值,给予滴滴上市前10倍的市盈率,500亿美金估值就需要50亿美金,也就是300多亿的净利润支撑。300亿净利润、甚至30亿元净利润对于经营困难的滴滴来说都是天方夜谭。如果滴滴是一家经营现金流非常充裕的公司,没有一家企业的管理层热衷于通过融资来大幅稀释自己的股权。

500亿美金,超过了上汽集团在A股的的市值,也超过了比亚迪、长城汽车与吉利汽车三家中国最优秀车企的市值总和,500亿估值与其说是滴滴的真实价值体现,不如说是投资人操纵的一场击鼓传花的资本游戏。

滴滴生逢其时。2013年开始,随着智能手机普及、移动支付大范围兴起与4G网络的全面铺设,给滴滴快速崛起提供了天时与地利,各路资本也蜂拥而至。从滴滴刚起步时,天使投资人王刚的70万开始,到A轮300万美元,B轮1500万美金,C轮1亿美元……

据不完全统计,截至目前,滴滴公司已经完成十三次融资,总额超过150亿美元,接近1000亿人民币,创造了中国非上市企业的融资纪录。

*滴滴融资数据统计(根据公开报道整理)

出行业务寒冬

当各路资本还在疯狂的推高滴滴的资本估值时,滴滴的业务经营却逐渐进入寒冬。

出行处于寒冬

滴滴出行的商业模式是有天然缺陷的,很难摆脱困境。涨价导致用户流失,用户流失导致司机流失,司机流失导致进一步的用户流失,就此陷入无解的死循环。

这有点像过去大家熟悉的团购行业。各家团购企业陷入无休止的价格战,价格战不仅导致团购企业无法盈利,更导致商家利益受损。而用户对团购平台没有任何忠诚度,只是盯着价格在各个平台流转。最终大多数团购网站消失,只留下了美团转型外卖、继续挣扎。

这也有点像网络视频行业的困境,视频网站的用户增长需要优质内容支撑,优质内容采购需要高昂内容成本,而内容带来的广告营收与会员付费收入又无法覆盖高昂的内容成本,企业只能缩减内容采购预算,减少内容采购预算导致优质内容匮乏,优质内容匮乏造成用户流失,用户流失导致广告收入下降,又是一个死循环。最终大多数视频网站关张,只留下优酷、爱奇艺、腾讯视频等依附BAT巨头下偷生。

面对商业模式带来的天然缺陷,滴滴也做了一些尝试,在容量有限的移动APP界面,陆续上线了快车、出租车、专车、顺风车、代驾、试驾、公交等多个产品,除了快车与出租车业务做得不错之外,其他产品并没有见到成效。在品牌管理领域有一个打不破的铁律,企业只可能在消费者心中建立一种清晰定位,要么你专业做快车,要么你专业做专车,要么你专业做代驾,企业不可能通吃掉所有业务。过度的品类多元化,只会损耗企业的品牌价值及客户对企业的专业认知。所以,只是简单的品类扩展无法挽救滴滴。

在经过2014-2015年的互联网出行补贴大战后,滴滴逐渐取消对车主和客户的补贴,司机和乘客的热情开始消退。“滴滴已经不是最初的那个滴滴”。“打车难,打车贵”两大痛点,滴滴都无法很好解决。 

合并了优步中国

公开数据显示,自2016年8月滴滴优步合并以来,这两个应用每天打开的人数都出现了明显下滑。其中,去年下半年,每天打开滴滴出行的用户比例从4.5%下跌至3.4%,下跌幅度达到了27%,优步中国则从原来的0.5%下跌至0.1%。 没有高额补贴,司机的收入较其他行业没有明显优势,活跃司机数量也始锐减。没有高额补贴,滴滴快车相比路边出租车已经没有任何价格优势,顾客也开始流失。

屋漏偏逢连夜雨,除了取消补贴带来的司机与乘客流失,出行订单大幅下滑与网约车新政加速落地也不无关系。2019-09-21,北京、上海、广州等地纷纷发布网约车新政细则,网约车本地户籍本地车牌几乎成为各个城市的标配。主要依靠私家车挂靠模式的滴滴出行首当其冲。同月,滴滴出行方面称,该平台在上海的41万名司机中,仅有不足3%具有上海本地户籍。

滴滴本以为联合投资人做掉了快的、做掉了优步后,中国的互联网出行领域将天下太平,没有预料的是,迅速崛起的共享单车开始迅速挤压滴滴的空间。滴滴曾提供这样一个数据,大约70%的出行需求集中在3公里,人均每天3公里出行频次约为两次。而短途出行正是共享单车的优势,等待时间更短、更自由、更便宜。

寻找新故事

在现有的出行业务遇冷,无法支撑如此高的估值时,滴滴只能寻求新的故事。

程维

对于55亿美元的新一轮融资,滴滴表示了在布局国际化与前沿智能交通科技上的决心。滴滴创始人程维说,“成为智能交通技术的领导者,并通过积极的国际化部署推动世界交通和汽车产业变革,是滴滴发展的核心愿景。”

全球化方面,滴滴出行采用合纵连横政策拓展海外市场。梳理发现,自2015年至今,滴滴出行已先后投资包括东南亚地区的Grab、美国Lyft、印度Ola、巴西99 Taxis等出行平台,并于去年11月宣布与安飞士巴吉集团(Avis Budget Group)达成战略合作协议,共同为中国用户在近175个国家和地区提供境外租车服务。在国际市场上滴滴将面临Uber的激烈竞争。同时,国际市场上对网约车的态度并不明晰,此前,包括韩国、意大利、法国等多个国家对Uber进行禁止,滴滴出行出海似乎也将面临同样难题。

在4月28日的融资消息中,滴滴出行表示,依托人工智能技术优势,滴滴出行已具备条件在智能驾驶和智慧交通方面取得系统性突破。目前公司已经在硅谷成立美国研究院,借此吸纳顶尖科技人才,并计划在关键技术领域进行深度投资。今年1月,滴滴出行创始人兼CEO程维表示,全球最大的出行平台、全世界最大的无人驾驶和新能源汽车运营商是滴滴出行未来的主要目标。

从当下情况来看,无人驾驶领域还处于初步发展阶段,只是望梅止渴的业务,距离商业化还很遥远。滴滴出行在这一领域能否赶超谷歌、百度等巨头暂且不论,要想在这些业务上有所突破,投资人还要做好再拿出上百亿美金去投入的心理准备。但是,未来是否还有新的投资人愿意为滴滴遥不可及的梦想买单,老的投资人是否还有耐心维持这个脆弱的估值泡沫?即使投资人把赌注放到了无人出行领域,商业价值又有几何?

入局无人驾驶汽车,进军造车领域.......滴滴出行的选择看似很多,但貌似又没有真正的出路。

结语

滴滴需要新的故事

在最近一轮融资前,滴滴管理层的股份已经稀释到8.4%,员工持股10%,腾讯和阿里各持11.4%和9.5%,余下的股东持股比例均未达到5%。本轮融资后,滴滴管理层股份将再次被稀释,大概只有7.48%。

滴滴早已经不是程维的滴滴,而是各路资本共同维护的滴滴。在对滴滴的千亿投资中,各路资本都投入重注,滴滴只许成功,不许失败。一旦滴滴估值下跌,无法完成上市,对这些投资人将是致命打击。

所以,投资人们小心翼翼的维持着滴滴的天价估值,四处奔走去为滴滴融资的不是程维,而是滴滴的这些投资人们。滴滴融资就像一个击鼓传花的游戏,为了保证现金流支撑,在几任投资者的卖力包装与推介下,未上市滴滴的估值就已经高达500亿美金,这些投资人在滴滴估值泡沫之前,必须想法设法找到下一个接盘人。

但高估值往往给企业创始人带来巨大束缚,因为他们不得不花费巨大精力去维持估值泡沫不被捅破,而不得不做一些只给投资人看、但没有实际价值的业务选择。

在滴滴的融资材料中显示,滴滴出行预计2018年在美国启动上市,这是滴滴投资人们最后的救命稻草,他们需要尽最大努力,帮助滴滴上市,只有滴滴上市,他们才能把这块烫手的山芋交给二级市场投资者,实现安全退出。现有业务已经不能支撑估值,投资者们就需要滴滴讲转型的新故事,需要滴滴发展成为技术驱动型公司,这样才有可能进一步融资,为最后一步的上市做准备。

面对如此困境,滴滴未来何去何从?不是无休止的并购重组,不是无休止的向投资者伸手要钱,滴滴的重中之重,而是要探索出真正有价值的、能够实现正向现金流的商业模式创新。

我们不想过早否定滴滴的未来,但笔者想提醒滴滴的管理团队一定要保持清醒,500亿美金只是资本泡沫,而不是真实业绩的体现, 击鼓传花的资本游戏一旦终止,有可能让滴滴瞬间崩盘。这不是危言耸听,也不是我们愿意看到的。

程维接下来要做的,就是不再做资本的傀儡,抛开企业高估值带来的压力,在商业模式上探索出真正的突破性创新,使滴滴安全着陆,而不是依赖业内开玩笑所称的滴滴核心竞争力——“柳青的融资能力”。

不破不立,创新商业模式,打破互联网出行领域的行业瓶颈,才是滴滴自救的唯一之路。但这首先需要程维打破投资人给滴滴套上的资本枷锁。

[责任编辑:花子健 PT021]

责任编辑:花子健 PT021

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